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Which type of curren(t) do you want to see(cy)? A analysis of the intention behind bitcoin(s). [Part 2]

Part 1
It's been a bit of time since the first post during which I believe things have crystallised further as to the intentions of the three primary bitcoin variants. I was going to go on a long winded journey to try to weave together the various bits and pieces to let the reader discern from themselves but there's simply too much material that needs to be covered and the effort that it would require is not something that I can invest right now.
Firstly we must define what bitcoin actually is. Many people think of bitcoin as a unit of a digital currency like a dollar in your bank but without a physical substrate. That's kind of correct as a way to explain its likeness to something many people are familiar with but instead it's a bit more nuanced than that. If we look at a wallet from 2011 that has never moved any coins, we can find that there are now multiple "bitcoins" on multiple different blockchains. This post will discuss the main three variants which are Bitcoin Core, Bitcoin Cash and Bitcoin SV. In this respect many people are still hotly debating which is the REAL bitcoin variant and which bitcoins you want to be "investing" in.
The genius of bitcoin was not in defining a class of non physical objects to send around. Why bitcoin was so revolutionary is that it combined cryptography, economics, law, computer science, networking, mathematics, etc. and created a protocol which was basically a rule set to be followed which creates a game of incentives that provides security to a p2p network to prevent double spends. The game theory is extremely important to understand. When a transaction is made on the bitcoin network your wallet essentially generates a string of characters which includes your public cryptographic key, a signature which is derived from the private key:pub key pair, the hash of the previous block and an address derived from a public key of the person you want to send the coins to. Because each transaction includes the hash of the previous block (a hash is something that will always generate the same 64 character string result from EXACTLY the same data inputs) the blocks are literally chained together. Bitcoin and the blockchain are thus defined in the technical white paper which accompanied the release client as a chain of digital signatures.
The miners validate transactions on the network and compete with one another to detect double spends on the network. If a miner finds the correct solution to the current block (and in doing so is the one who writes all the transactions that have elapsed since the last block was found, in to the next block) says that a transaction is confirmed but then the rest of the network disagree that the transactions occurred in the order that this miner says (for double spends), then the network will reject the version of the blockchain that that miner is working on. In that respect the miners are incentivised to check each other's work and ensure the majority are working on the correct version of the chain. The miners are thus bound by the game theoretical design of NAKAMOTO CONSENSUS and the ENFORCES of the rule set. It is important to note the term ENFORCER rather than RULE CREATOR as this is defined in the white paper which is a document copyrighted by Satoshi Nakamoto in 2009.

Now if we look at the three primary variants of bitcoin understanding these important defining characteristics of what the bitcoin protocol actually is we can make an argument that the variants that changed some of these defining attributes as no longer being bitcoin rather than trying to argue based off market appraisal which is essentially defining bitcoin as a social media consensus rather than a set in stone rule set.
BITCOIN CORE: On first examination Bitcoin Core appears to be the incumbent bitcoin that many are being lead to believe is the "true" bitcoin and the others are knock off scams. The outward stated rationale behind the bitcoin core variant is that computational resources, bandwidth, storage are scarce and that before increasing the size of each block to allow for more transactions we should be increasing the efficiency with which the data being fed in to a block is stored. In order to achieve this one of the first suggested implementations was a process known as SegWit (segregating the witness data). This means that when you construct a bitcoin transaction, in the header of the tx, instead of the inputs being public key and a signature + Hash + address(to), the signature data is moved outside of header as this can save space within the header and allow more transactions to fill the block. More of the history of the proposal can be read about here (bearing in mind that article is published by the bitcoinmagazine which is founded by ethereum devs Vitalik and Mihai and can't necessarily be trusted to give an unbiased record of events). The idea of a segwit like solution was proposed as early as 2012 by the likes of Greg Maxwell and Luke Dash Jnr and Peter Todd in an apparent effort to "FIX" transaction malleability and enable side chains. Those familiar with the motto "problem reaction solution" may understand here that the problem being presented may not always be an authentic problem and it may actually just be necessary preparation for implementing a desired solution.
The real technical arguments as to whether moving signature data outside of the transaction in the header actually invalidates the definition of bitcoin as being a chain of digital signatures is outside my realm of expertise but instead we can examine the character of the individuals and groups involved in endorsing such a solution. Greg Maxwell is a hard to know individual that has been involved with bitcoin since its very early days but in some articles he portrays himself as portrays himself as one of bitcoins harshest earliest critics. Before that he worked with Mozilla and Wikipedia and a few mentions of him can be found on some old linux sites or such. He has no entry on wikipedia other than a non hyperlinked listing as the CTO of Blockstream. Blockstream was a company founded by Greg Maxwell and Adam Back, but in business registration documents only Adam Back is listed as the business contact but registered by James Murdock as the agent. They received funding from a number of VC firms but also Joi Ito and Reid Hoffman and there are suggestions that MIT media labs and the Digital Currency Initiative. For those paying attention Joi Ito and Reid Hoffman have links to Jeffrey Epstein and his offsider Ghislaine Maxwell.

Ghislaine is the daughter of publishing tycoon and fraudster Robert Maxwell (Ján Ludvík Hyman Binyamin Hoch, a yiddish orthodox czech). It is emerging that the Maxwells are implicated with Mossad and involved in many different psyops throughout the last decades. Greg Maxwell is verified as nullc but a few months ago was outed using sock puppets as another reddit user contrarian__ who also admits to being Jewish in one of his comments as the former. Greg has had a colourful history with his roll as a bitcoin core developer successfully ousting two of the developers put there by Satoshi (Gavin Andreson and Mike Hearn) and being referred to by Andreson as a toxic troll with counterpart Samon Mow. At this point rather than crafting the narrative around Greg, I will provide a few links for the reader to assess on their own time:
  1. https://coinspice.io/news/btc-dev-gregory-maxwell-fake-social-media-account-accusations-nonsense/
  2. https://www.trustnodes.com/2017/06/06/making-gregory-maxwell-bitcoin-core-committer-huge-mistake-says-gavin-andresen
  3. https://www.ccn.com/gavin-andresen-samson-mow-and-greg-maxwell-toxic-trolls//
  4. https://www.nytimes.com/2016/01/17/business/dealbook/the-bitcoin-believer-who-gave-up.html
  5. https://www.coindesk.com/mozilla-accepting-bitcoin-donations
  6. https://spectrum.ieee.org/tech-talk/computing/networks/the-bitcoin-for-is-a-coup
  7. https://www.reddit.com/btc/comments/68pusp/gavin_andresen_on_twitter_im_looking_for_beta/dh1cmfl/
  8. https://www.reddit.com/btc/comments/d14qee/can_someone_post_the_details_of_the_relationships/?ref=tokendaily
  9. https://www.coindesk.com/court-docs-detail-sexual-misconduct-allegations-against-bitcoin-consultant-peter-todd
  10. https://coinspice.io/news/billionaire-jeffrey-epstein-btc-maximalist-bitcoin-is-a-store-of-value-not-a-currency/
  11. https://www.dailymail.co.uk/news/article-7579851/More-300-paedophiles-arrested-worldwide-massive-child-abuse-website-taken-down.html
  12. https://news.bitcoin.com/risks-segregated-witness-opening-door-mining-cartels-undermine-bitcoin-network/
  13. https://micky.com.au/craig-wrights-crackpot-bitcoin-theory-covered-by-uks-financial-times/
  14. https://www.reddit.com/btc/comments/74se80/wikipedia_admins_gregory_maxwell_of_blockstream/

Now I could just go on dumping more and more articles but that doesn't really weave it all together. Essentially it is very well possible that the 'FIX' of bitcoin proposed with SegWit was done by those who are moral reprobates who have been rubbing shoulders money launderers and human traffickers. Gregory Maxwell was removed from wikipedia, worked with Mozilla who donated a quarter of a million to MIT media labs and had relationship with Joi Ito, the company he founded received funding from people associated with Epstein who have demonstrated their poor character and dishonesty and attempted to wage toxic wars against those early bitcoin developers who wished to scale bitcoin as per the white paper and without changing consensus rules or signature structures.
The argument that BTC is bitcoin because the exchanges and the market have chosen is not necessarily a logical supposition when the vast majority of the money that has flown in to inflate the price of BTC comes from a cryptographic USD token that was created by Brock Pierce (Might Ducks child stahollywood pedo scandal Digital Entertainment Network) who attended Jeffrey Epstein's Island for conferences. The group Tether who issues the USDT has been getting nailed by the New York Attorney General office with claims of $1.4 trillion in damages from their dodgey practices. Brock Pierce has since distanced himself from Tether but Blockstream still works closely with them and they are now exploring issuing tether on the ethereum network. Tether lost it's US banking partner in early 2017 before the monstrous run up for bitcoin prices. Afterwards they alleged they had full reserves of USD however, they were never audited and were printing hundreds of millions of dollars of tether each week during peak mania which was used to buy bitcoin (which was then used as collateral to issue more tether against the bitcoin they bought at a value they inflated). Around $30m in USDT is crossing between China to Russia daily and when some of the groups also related to USDT/Tether were raided they found them in possession of hundreds of thousands of dollars worth of counterfeit physical US bills.
Because of all this it then becomes important to reassess the arguments that were made for the implementation of pegged sidechains, segregated witnesses and other second layer solutions. If preventing the bitcoin blockchain from bloating was the main argument for second layer solutions, what was the plan for scaling the data related to the records of transactions that occur on the second layer. You will then need to rely on less robust ways of securing the second layer than Proof Of Work but still have the same amount of data to contend with, unless there was plans all along for second layer solutions to enable records to be deleted /pruned to facilitate money laundering and violation of laws put in place to prevent banking secrecy etc.
There's much more to it as well and I encourage anyone interested to go digging on their own in to this murky cesspit. Although I know very well what sort of stuff Epstein has been up to I have been out of the loop and haven't familiarised myself with everyone involved in his network that is coming to light.
Stay tuned for part 3 which will be an analysis of the shit show that is the Bitcoin Cash variant...
submitted by whipnil to C_S_T [link] [comments]

AMA: Ask Mike Anything

Hello again. It's been a while.
People have been emailing me about once a week or so for the last year to ask if I'm coming back to Bitcoin now that Bitcoin Cash exists. And a couple of weeks ago I was summoned on a thread called "Ask Mike Hearn Anything", but that was nothing to do with me and I was on holiday in Japan at the time. So I figured I should just answer all the different questions and answers in one place rather than keep doing it individually over email.
Firstly, thanks for the kind words on this sub. I don't take part anymore but I still visit occasionally to see what people are talking about, and the people posting nice messages is a pleasant change from three years ago.
Secondly, who am I? Some new Bitcoiners might not know.
I am Satoshi.
Just kidding. I'm not Satoshi. I was a Bitcoin developer for about five years, from 2010-2015. I was also one of the first Bitcoin users, sending my first coins in April 2009 (to SN), about 4 months after the genesis block. I worked on various things:
You can see a trend here - I was always interested in developing peer to peer decentralised applications that used Bitcoin.
But what I'm best known for is my role in the block size debate/civil war, documented by Nathaniel Popper in the New York Times. I spent most of 2015 writing extensively about why various proposals from the small-block/Blockstream faction weren't going to work (e.g. on replace by fee, lightning network, what would occur if no hard fork happened, soft forks, scaling conferences etc). After Blockstream successfully took over Bitcoin Core and expelled anyone who opposed them, Gavin and I forked Bitcoin Core to create Bitcoin XT, the first alternative node implementation to gain any serious usage. The creation of XT led to the imposition of censorship across all Bitcoin discussion forums and news outlets, resulted in the creation of this sub, and Core supporters paid a botnet operator to force XT nodes offline with DDoS attacks. They also convinced the miners and wider community to do nothing for years, resulting in the eventual overload of the main network.
I left the project at the start of 2016, documenting my reasons and what I expected to happen in my final essay on Bitcoin in which I said I considered it a failed experiment. Along with the article in the New York Times this pierced the censorship, made the wider world aware of what was going on, and thus my last gift to the community was a 20% drop in price (it soon recovered).

The last two years

Left Bitcoin ... but not decentralisation. After all that went down I started a new project called Corda. You can think of Corda as Bitcoin++, but modified for industrial use cases where a decentralised p2p database is more immediately useful than a new coin.
Corda incorporates many ideas I had back when I was working on Bitcoin but couldn't implement due to lack of time, resources, because of ideological wars or because they were too technically radical for the community. So even though it's doesn't provide a new cryptocurrency out of the box, it might be interesting for the Bitcoin Cash community to study anyway. By resigning myself to Bitcoin's fate and joining R3 I could go back to the drawing board and design with a lot more freedom, creating something inspired by Bitcoin's protocol but incorporating all the experience we gained writing Bitcoin apps over the years.
The most common question I'm asked is whether I'd come back and work on Bitcoin again. The obvious followup question is - come back and work on what? If you want to see some of the ideas I'd have been exploring if things had worked out differently, go read the Corda tech white paper. Here's a few of the things it might be worth asking about:
I don't plan on returning to Bitcoin but if you'd like to know what sort of things I'd have been researching or doing, ask about these things.
edit: Richard pointed out some essays he wrote that might be useful, Enterprise blockchains for cryptocurrency experts and New to Corda? Start here!
submitted by mike_hearn to btc [link] [comments]

One Reddit user lost $500,000+ USD worth of ICX tokens!

A reminder to NEVER EVER input your private keys on any bogus website & to double check website urls entered. See: https://www.reddit.com/helloicon/comments/7nt40c/how_to_get_back_my_icx_from_scammers_account/
How to protect yourself
1) Get a Ledger Nano S or Trezor ASAP, they work well with many wallets and sites like MEW and it takes less than 5 minutes to learn how to use one! Don't delay, buy one today!
Here's a good tutorial on using Ledger with MyEtherwallet. https://www.youtube.com/watch?v=_RvDPQHERtc
Note: It is impossible for your wallets to be hacked when using a Ledger. Brief run down of Ledger: - When you buy this unit, it gives you 24 seed words you write down on a piece of paper, these keywords should never touch your computer. If you ever lose your Ledger, you can buy a new one and restore all your wallets from these 24 seed words. The ledger protects you by never revealing your private keys. If your PC is infected, your wallets would still be fine.
2) Enable 2FA on all exchanges.
3) If you use Google Authenticator, make sure you write down your keys - not having this information means you will be locked out if you lose your phone or it gets broken. A better alternative is Authy, however make sure Devices -> Allow Multi-device is switched OFF.
4) Install Virus & Malware Scanner with Anti-key logger. A good solution is Zemana AntiLogger, this software includes both real-time scanning & anti-key logging features. All keyboard inputs are encrypted. It also gets high praises from the industry.
5) Double check all inputs. When sending tokens to a new wallet/exchange, always send a small amount to confirm if the send works before sending a large amount.
6) Don't trust anyone. Don't post your gains on social media with your real names attached (e.g. Facebook). See https://www.nytimes.com/2017/08/21/business/dealbook/phone-hack-bitcoin-virtual-currency.html
submitted by dbaker102194 to CryptoCurrency [link] [comments]

Tuition Finance Resistance Info

I thought I would share a whole lot of links I've compiled from recent research. I am working on a full length post (for somewhere) on the underappreciated importance and complexity of the "Undue Hardship" concept. If you are interested or have some suggestions of resources or ideas you do not see here, please let me know.
Sorry the formatting is bad. If any one knows a better way to get bookmarks from chrome to a reddit post, also, please don't spam just let me know and I'll repost.
Taibbi: The Great College Loan Swindle - Rolling StoneWhy It's So Hard to Declare Bankruptcy on Your Student Loans - VICEDebt Dodgers: Meet the Americans Who Moved to Europe and Went AWOL on Their Student Loans - VICELoans ‘Designed to Fail’: States Say Navient Preyed on Students - The New York Times201701_cfpb_Navient-Pioneer-Credit-Recovery-complaint.pdfjulian schmoke - Google SearchSchmoke’s cousin, Julian Schmoke, recently tapped by Trump Administration for Education Department job | Baltimore BrewFormer For-Profit College Dean Now at the Ed Department - The AtlanticReport: Education Department Hires Enforcement ChiefTrump administration selects former DeVry official to lead college enforcement unit - POLITICOalan collinge - Google SearchForbes WelcomeMidPoint | Alan Collinge discusses student loan debt in America - YouTubeHow student debt will cripple the American dream. | Dusty Wunderlich | TEDxUniversityofNevada - YouTubeNew Idiot to Laugh at…(Alan Collinge) « American DustAmazon.com: The Student Loan Scam: The Most Oppressive Debt in U.S. History and How We Can Fight Back (9780807042311): Alan Collinge: BooksTrump’s silence on student loan crisis is deafening | TheHill
Beacon Press: Alan Michael CollingeEducation Finance Statistics Center (EDFIN) - About EDFINCould Student Loans Lead to Debt Prison? The Handwriting on the WallConfusion Clouds Future of Student Loan Forgiveness ProgramsDebunking the Student Loan Bankruptcy Myth | Student Loan Ranger | US NewsStudent Loan Attorney St Louis Missouri | Tate Esq LLC | Powerful guide on how to discharge student loans in bankruptcyDepartment of Education Reaches Decision About Student Loans and BankruptcyIs Trump Mulling Peter Thiel for a Top Intelligence Advisory Post? | Vanity FairNew Fed chair doesn’t understand why student debt can’t be discharged in bankruptcy - MarketWatchBankruptcy Court Tells Dept of Ed to Go Shove IBR as Unrealalistic | HuffPostGive student loans the finger: A new solution to a massive generational outrage - Salon.comDepartment of Education criticized for how it pays debt collectors to chase student loan dollars - The Washington PostThe Debt CollectiveThe College-Loan Scandal: Matt Taibbi on the Ripping Off of Young America - Rolling StoneFour Reasons Young Americans Should Burn Their Student Loan PapersThe Illegitimacy of Student Loan Debt | HuffPostBorrower's Defense to Repayment Student Loan Discharges in 2018 | FSLDHigher Ed, Not DebtWelcome... - The Student Loan Lawyer - Attorney Joshua CohenWhen Is It Time to Hire a Student Loan Lawyer? | Student Loan HeroNew York Student Loan Attorney | New York Debt Relief LawyerWhen Do You Need A Lawyer For Your Student Loan Debt?When to Consider a Student Loan Lawyer - NerdWalletDepartment of Education criticized for how it pays debt collectors to chase student loan dollars - The Washington PostStudent Loans - Smart Contract on Blockchain - Galactic Talk1 of 5 Americans Used School Loans to Buy Cryptocurrency - Bitcoinist.comIs Bitcoin a Comparable Gamble to Student Debt? | Crowdfund InsiderUsing Student Loans to Buy Bitcoin Will Only Lead to More Debt WoesBlockchain and student loans: an urgent problemFormer Sallie Mae CEO at Center of Federal Corruption ProbeAmerican scam: My kid and I are both supposed to go broke paying for college? Forget it - Salon.comUse Google Bookmarks to Share a Ton of Links at OnceAlbert Lord Golf Course | Golfer sets own course - tribunedigital-baltimoresunStudent Loan Balances On Trajectory To Surpass Those Of MortgagesDIY Bankruptcy Resources : StudentLoanBankruptcyStudent loans are in a $1.3 trillion bubble, Goldman Sachs says - Business InsiderTexas Bankruptcy Judge Holds that Not Every Loan Related to Education is a Nondischargeable Student Loan in Purported Class Action | Balch & Bingham LLP - JDSupraAirTalk® | Audio: Should it be easier to wipe out student debt in bankruptcy? | 89.3 KPCCEverything You Need to Know About Student Loans and Bankruptcy : StudentLoanBankruptcyDurbin introduces amendment providing student loan protectionsIs student loan debt the next financial crisis? | TheHillFinancial Crisis Is Over for Housing But Not for Student Loans - BloombergExplainer: the US student loan problem and how we got hereWhy accountability efforts in higher education often failUndue Hardship DefinitionSallie Mae: Buying Political Influence at What Cost? – My CMSSallie Mae Summary | OpenSecretsAttorney General Proves Student Loan Debt Can Be Wiped Out in BankruptcyBankrupt dad battles to get student loan debt forgiven - The Boston GlobeBankruptcy and student loans | Nickless, Phillips & O'Connor | FitchburgMassachusetts man earns court victory in student loan case | Boston 25 NewsStudent Loans Bankruptcy Lawyers Fall River Mass, New Bedford Mass, Taunton MassMassachusetts Bankruptcy Lawyer | Student Loans Blog | Law Office of Robert W. Kovacs, Jr.Massachusetts Student Loan Laws and Assistance - Law Office of Nicholas F. Ortiz, P.CStudent Loan Borrowers AssistanceGetting out of defaultUnderstanding Delinquency and Default | Federal Student AidIBRinfo :: Help is here!Turned Down for Employment Because of Credit Report - Law Office of Nicholas F. Ortiz, P.CBoston Bankruptcy Discharge Attorney | Student Loan Debt Lawyer | Debt Relief Law FirmChaos in the Courts The Meaning of Undue Hardship in 11 U.S.C. 523(a)(8) and the Argument for Establishing a Uniform Federal Standard | ABIYes, You Can Discharge Student Debts And The Feds Want To Make It Even EasierNo Recourse: Putting an End to Bankruptcy’s Student Loan Exception | DemosTime for a Fresh Look at the “Undue Hardship” Bankruptcy Standard for Student Debtors - Iowa Law Review - The University of Iowa College of LawAn undue hardship? Discharging student loans in bankruptcy | Equal Justice WorksGEN1513.pdfYes, You Can Discharge Student Debts And The Feds Want To Make It Even Easier"Undue Hardship" Under Section 523(a)(8): Can the Debtor's Student Loans Be Discharged?U.S. Bankruptcy Code — 2018 EditionIN RE HUNTER, Bankr. Court, ND Illinois 2018 - Google Scholar(8)%22&hl=en&as_sdt=3,26&as_ylo=2018)Legal Institutions Are Not Prepared For More Student Loan Bankruptcies | Above the LawStudent Loan Bankruptcy Assistance ProjectDad wins court victory in effort to erase $250K in student loansStudent Loans and Bankruptcy in Massachusetts | Bridge USStudent-Loan Discharge - An Empirical Study of the Undue Hardship Provision of § 523(a)(8) Under Appellate ReviewUndue Hardship - Poverty Required11 U.S. Code § 523 - Exceptions to discharge | US Law | LII / Legal Information InstituteProject on Predatory Student Lending | Legal Services CenterProject on Predatory Student Lending | Legal Services CenterRepresenting Students | Predatory Student LendingENFORCEMENT GUIDANCE: REASONABLE ACCOMMODATION AND UNDUE HARDSHIP UNDER THE AMERICANS WITH DISABILITIES ACTThe zero percent solution - The Boston GlobeThe American Debt Trap - BloombergCollege leaders should support bankruptcy protection for student loans (opinion)The zero percent solution - The Boston GlobeFear not the Difficulty of Discharging Student Loans in Bankruptcy - The Student Loan Lawyer - Attorney Joshua CohenStudent Loans, Bankruptcy, and the Fresh Start Policy: Must Debtors Be Impoverished to Discharge Educational Loans 71 Tulane Law Review 1996-1997Higher Education Amendments of 1998 (1998; 105th Congress H.R. 6) - GovTrack.usSection 971 -- 1998 Amendments to Higher Education Act of 1965Section 432 -- 1998 Amendments to Higher Education Act of 1965Will California Congressman Buck McKeon Go Down? | The NationCorporate Lobbyists Manage Our Presidential Debates | The NationThe Truth About Student Loan Bankruptcy Discharge | Loans Advice | US NewsWho got rich off the student debt crisis | RevealStudent Debt: Lives on Hold - Consumer ReportsYou Should Care About The Bank Exactly As Much As It Cares About You | Current AffairsHow parents can help their children avoid regretting their college debt - MarketWatchGetting Prepared Before Seeking Help | Federal Student AidContact Us | Federal Student AidFederal Student AidGetting Out of Default | Federal Student AidShould I Consolidate or Rehabilitate my Federal Student LoanDefense to Repayment Application — The Debt CollectiveContact — The Debt CollectiveStudent Debt Research - The Debt Collective
submitted by diogenesjr to studentloandefaulters [link] [comments]

Victim of Sim Swapping - My Story

It's been a month now and after filing two fraud claims and a loss prevention claims, after numerous promises of an explanation or a call back, I've decided to go public with my story in the hopes it helps T-Mobile fix their internal process.
Just an FYI: I'm on the east coast USA and I've been a customer with T-Mobile for 10 years and never had any problems with them.
Timeline of what happened: 8/18/17: 6:11pm PST: T-Mobile employee (or someone pretending to be) called the retail support line using a T-Mobile storeID in New Mexico inquiring about my account. no details reported to me and no changes made.
8/18/17: 6:38pm PST: Someone pretending to be a T-Mobile employee authorized a change on my sim card for my main account line using a dealer authorization code for a corporate T-Mobile store in Nevada.
I'm in the EST time zone and didn't even notice my phone suddenly had no service. There was no notification sent with any kind of pin or any kind of call made to verify I wanted to allow such a change. I woke up calling 611 from a second line and asking why my iPhone 7 did not have service. They start trying to give me instruction to hard reset a BLU phone and that’s when I realized how big of a problem I was about to be in. I tried to log into my Gmail and was unable to. I could reset that password using a backup email after trying and failing a new security question they had added after a bunch of tries. I get back in to see they had reset my password to Gmail, coinbase, liqui.io, cex.io and were able to convert everything in there to ETH and send it off to their own wallets. The interesting thing is they targeted me specifically for this. They didn't touch my bank accounts or credit card accounts knowing this is not traceable. After weeks of blowing up 611 and talking to call centers all over the country. I was able to actually locate the location of these storeIDs that processed the request. I was never able to get a manager at that first store location and for their privacy I won't release the exact stores or the names of any employees names. So I file a police report and try to get a fraud detective to take up this case locally because I'm thinking wow… The retail support line! Maybe there is camera footage of these guys doing this and I'm can stop them from doing it to someone else.
I spoke with the manager of the store that processed the change and he let me know that he had reported his dealer authorization code as compromised after an associate at that store was fielding a call of someone pretending to be from corporate T-mobile and he reported this that same day. It appears they are using social engineering to get names of employees and their employee ID's as well as the dealer authorization codes that allow them to validate when calling into the retail support line. I'm unable to confirm how the change was authorized once someone has this information.
The thing that bothers me about this whole thing is T-Mobile would not tell me the procedure of verification to make this sim change on their retail support line, so I'm not even sure what information was given to allow this change to occur. Now I could just walk into a store and say change my sim card and see what happens to learn this process, but I'm impressed to know they will not give me the information that was exchanged to process this request.
Why would someone target me? I'm active in cryptocurrency and I'm dumb enough to not use throw away names on exchange accounts and other places (by the way this is a throw away account).
What did they do once they swapped my sim? They put that sim into a BLU phone, which is a cheap burner phone they used to then reset passwords with 2 factor authentication.
So, once they had access to receive SMS they could easily know my Gmail account by googling my very public information (I'm a software engineer that does some freelancing). Once they had my email and phone compromised they could reset and get the authorization codes to process withdrawals on my cryptocurrency accounts.
What can you do to protect yourself? Set a verbal password on your account. I also instructed them never to change anything on my account without me in the store with ID (I'm not sure if that would even help, but they said they put a note to keep the account locked down). I also said to never let the last 4 of my social be what validates that they are speaking to me. With the recent Equifax hack, I'm scared for the sheer amount of people that are going to fall victim to this.
I'm thinking about publishing a website about this and to see if I can get some signatures to get this into a class action case because it seems like mobile providers are not responsible for these people gaming their internal system and I think it's time we start recording how these situations happen and perhaps see what legal remedies are available. I'm thankful I never keep all my eggs in one basket and have physical wallets for most of my holdings, but just realize that 2 factor authentication is not that safe now with the Equifax leak and you need to protect yourself from allow these hackers from wiping out your bank accounts, credit cards, and cryptocurrency.
T-mobiles official response after a month of going back and forth: I spoke to several levels of T-Mobile customer support and after several weeks the first person I spoke too in their customer retention department offered me $40. I requested a manager to try to get that number increased a bit to make a 10-year customer feel a little better about this situation and it took them a week to get back to me. The lady offered me $25 dollars who was the supervisor. I asked her if she even read the notes from the last month and did she see the person she was supervising offered more than that and she apologized profusely and said she could honor that. I'm just shocked and how disconnected the support reps, retail support, and even the different call centers all seem to not have sufficient understanding of what has been told/promised to their customers. To request in writing this official response I actually have to physically mail them a letter to their customer relations department to get a statement in writing about what occurred on my account and you better believe that is going out this week.
Here are some articles that ironically came days after if you're looking for more information on this: https://techcrunch.com/2017/08/23/i-was-hacked/ https://www.nytimes.com/2017/08/21/business/dealbook/phone-hack-bitcoin-virtual-currency.html
If anyone has a similar story or wants to ask any questions, I'd love to help. If anyone has any tips on preventing this in your experience, let me know as well. I’m going to compile it all into a website to help get the word out eventually. Thanks for reading.
Edit: compiling the recommendations I found helpful
How to secure your gmail: https://blog.kraken.com/post/219/security-advisory-mobile-phones/
More reddit threads like this one: https://www.reddit.com/tmobile/comments/67puob/psa_all_tmobile_users/ https://www.reddit.com/tmobile/comments/6tzwk0/count_me_in_as_another_tmobile_phone_numbe https://www.reddit.com/tmobile/comments/6wydw3/techcrunch_writer_had_tmobile_sim_hacked/
submitted by simswapped to tmobile [link] [comments]

Bitcoin Drama: BitFinex, one of the largest trading platforms, was hacked. Approx. $70million of user funds stolen. Is the exchange liable? Discuss!

Ok, so here's a summary of events thus far, as I understand them:
BitFinex.com, one of the largest cryptocurrency trading platforms by volume, was hacked. The hacker made off with approximately $70million worth of bitcoin. That much is known and confirmed.
BitFinex, as I mentioned, handled a huge chunk of trading volume. They also allowed margin trading and margin lending (the latter of which they referred to as "swaps" until the CFTC recently told them to knock that off).
Customer "wallets" on BitFinex were handled by a third party company (supposedly for security purposes) called BitGo, who advertises "100% security" on their website.
The wallets managed by BitGo were "multi-sig wallets", which basically means that everyone involved in the transaction (BitFinex, BitGo, and the individual user) must 'verify' a transaction with their key for it to be processed. Somehow, this hacker managed to bypass this or exploit something to be able to drain customer accounts. Presumably this is due to the hacker somehow manipulating BitFinex's wallet system to "tell" BitGo that the customer's key was valid, and use BitFinex's key to validate the transaction, similar to how a bank will process a transaction on a stolen debit card if you know the owner's PIN number. BitGo's system saw these transactions as valid as a result and processed them accordingly, emptying hundreds or thousands of user accounts per the hacker's request.
Now comes the fun part.
These users are understandably upset. BitFinex had individual users as well as corporate clients. Some accounts likely lost millions. Many, many accounts likely lost tens of thousands of USD equivalent.
BitFinex is proposing bringing the site back online so users can see whether or not their accounts fell victim to the hacker and eventually allowing those who weren't to withdraw their bitcoin. No one knows what will happen to those whose accounts were drained though.
To make this even more interesting, BitFinex seems to be domiciled in either Hong Kong or The British Virgin Islands, depending on which corporate entity you're looking at (according to what I've heard, anyway. I have no idea what the truth is there or how their organization is structured).
Here are some articles about this fiasco:
http://insidebitcoins.com/news/bitfinex-hack-means/36353
http://www.coindesk.com/bitfinex-bitcoin-hack-know-dont-know/
http://www.nytimes.com/2016/08/04/business/dealbook/bitcoin-bitfinex-hacked.html?_r=0
http://hackingdistributed.com/2016/08/03/how-bitfinex-heist-could-have-been-avoided/
Here are some of the other Reddit threads:
https://np.reddit.com/Bitcoin/comments/4vtuxo/bitfinex_security_breach_trading_will_be_halted/
https://np.reddit.com/Bitcoin/comments/4vupa6/p2shinfo_shows_movement_out_of_multisig_wallets/d61oe33
https://np.reddit.com/Bitcoin/comments/4vztlv/bitfinex_update/
The guy in charge of BitFinex's community outreach and PR is zanetackett and his post history gives an interesting glimpse into the situation as well (and honestly, I commend him for busting his ass to answer everyone's questions and concerns, even if they hate the answers. I know I would hate to be in his shoes right now). I'm sure if I'm wrong on any of these facts, he will come in here to correct me, since I've usertagged him here.
Now for the questions and discussion points:
-Is BitFinex legally liable for customer losses here?
-Is BitGo legally liable for customer losses here?
-What, if any, recourse do customers who had their bitcoin stolen have, and against who?
-Should BitFinex "socialize losses" by making every remaining account take a loss in order to contribute to a fund intended to return some of the lost bitcoin to the victims, as some users without much legal knowledge have proposed?
To me, this whole thing is fascinating. I have no horse in this race, and I did not lose anything as a result of this hack, but this area is so new, law wise, that it creates several very unique issues due to the lack of regulation (even though there is some now, at least in some countries), the jurisdictional issues, and the confusion surrounding liability.
I'd love to see a serious legal discussion ensue here and hear everyone's thoughts.
Hopefully we can avoid the "har har, that's what you get for playing with fake money" comments and stick to the legitimate legal discussion.
Enjoy!
UPDATE: Regarding the jurisdiction issues, according to their VP of business development, Bitfinex operates under a Hong Kong corporation, Renrenbee Limited (holder of the MSO license), which is wholly owned by a BVI corporation, iFinex Ltd. (the holding company). The information released by the CFTC, however, is a bit different: "BFXNA Inc. d/b/a Bitfinex is a corporation formed and existing under the laws of the British Virgin Islands, and has its principal place of business [in Hong Kong]."
UPDATE #2: BitGo has made an official announcement.
As you know, a large amount of Bitcoin has been taken from Bitfinex, and Bitfinex utilized BitGo software as part of its security solution. While we have worked tirelessly with the team at Bitfinex to investigate the theft, the Bitcoin is gone. Our focus now is to protect the remainder of Bitfinex coins and all of our other customers’ coins.
Our job is to protect your Bitcoin and continue to improve the security of the service. BitGo systems were not breached in this attack and our software functioned correctly. This may seem like an inadequate explanation, because everyone wants to know “what needs to change to avoid what happened in this case,” and we understand that. Fortunately, the Bitfinex configuration was unique and other BitGo customers do not need immediate changes.
UPDATE #3: zanetackett just posted this update:
We are still working out the details so nothing is set in stone, however we are leaning towards a socialized loss scenario among bitcoin balances and active loans to BTCUSD positions. The numbers being quoted are erroneous as nothing has been decided as of yet and we are still in the process of settling positions and balances. More details are to follow tomorrow. Furthermore, tomorrow we will be posting a FAQ on the blog that will answer most of the questions we have been asked over the past couple days.
Presumably they are being advised by counsel, but this just sounds crazy to me. Not only did the users never agree to a socialized loss system for losses resulting from a hack, but that seems to be implying that they accept liability for the loss. Personally I feel this puts them in the worst possible scenario, one where they are likely liable for all losses, and the users who are not made 100% whole will likely be able to successfully sue for the difference between what they are paid back and what they lost. Yikes.
UPDATE #4: BitFinex has announced how they plan to move forward and compensate for losses.
Following the theft on August 2nd, the Bitfinex team has been working tirelessly towards bringing the platform back online in a secure and controlled manner. We have finalized the accounting of losses incurred and are currently coordinating strategic plans for compensating customers.
We intend to come online within 24-48 hours with limited platform functionality. Additional announcements will be made as we progressively enable more platform features and return to full operations. We appreciate that our customers and the public want this handled quickly, but it needs to be done a way in which all assets are secure and immune from vulnerabilities. Every resource is being leveraged to make that happen in a safe and optimal way.
As disclosed in earlier announcements, all withdrawals, open orders, and open funding offers have been canceled and all financed positions have been settled. Exact settlement prices were published on August 3rd.
After much thought, analysis, and consultation, we have arrived at the conclusion that losses must be generalized across all accounts and assets. This is the closest approximation to what would happen in a liquidation context. Upon logging into the platform, customers will see that they have experienced a generalized loss percentage of 36.067%. In a later announcement we will explain in full detail the methodology used to compute these losses.
We are actively discussing various strategic options with numerous potential investors as part of our strategy to fully compensate our customers. Such discussions, however, are in early stages and will likely take time to play out. In the meantime, In place of the loss in each wallet, we are crediting a token labeled BFX to record each customer’s discrete losses. Tokens will be distributed without release or waiver. The BFX tokens will remain outstanding until redeemed in full by Bitfinex or possibly exchanged—upon the creditor’s request and Bitfinex’s acceptance—for shares of iFinex Inc. We are still sorting out many details on this; we will post further updates in the coming days.
Thank you for your continued patience and for the many generous offers of support that we have received over the last several days. Notwithstanding this attack, we continue to believe in the possibilities associated with bitcoin. We will continue to update our customers and the public as and when we can.
Maybe it's just me, but between converting customer funds to compensate other customers, and issuing an unregistered security, this sounds like horrible ideas all around and I'm surprised any legitimate lawyer would sign off on such a plan.
submitted by grasshoppa1 to legaladviceofftopic [link] [comments]

Last Week In Indian Economy - For the Week Ending 6th August, 2016

Last Week in Indian Economy

“I am silent because there is conflict between my scholarly commitment to economics and my loyalty to the party's decided issues.” - Subramanian Swamy, member of parliament tweeting about why he is silent on the Goods and Services Tax (GST) Bill that his political party supports so much. Just going to leave this here for you to draw your own conclusions.

Headline Stories

Going Gaga Over GST
Last week, the Rajya Sabha passed the Goods and Services Tax (GST) - the tax reform that has been heralded as the most important piece of legislation in over a decade. While the common market of Europe is walking backwards due to Brexit, the common market within India is stepping ahead due to GST. The bill has been the subject of political bickering for a long time now. However, it was passed with 203 votes for and none against. With 0 votes against. They didn’t even blink twice, so you know there families weren’t being held hostage and all votes were entirely voluntary. But this has only been the tip of the iceberg. Even though both houses of the parliament have passed the bill, there is a laundry list of things that need to happen before we can all go home and forget about this whole GST business. The Lok Sabha needs to approve the bill once again. Then, a minimum of 15 state governments need to pass the bill. Then, the president needs to sign the bill. Then, a GST Council needs to be formed and the GST tax rate needs to be negotiated. Then, the central government needs to pass two supporting laws, and each state needs to pass a separate supporting law. And only then, we’ll be able to pocket all that cash from the GST-led economic growth that is being predicted. The deadline set for all of this is April 1st, 2017. Till then, government officials around the country are set to debate on extremely sensitive issues like whether cream biscuits should be taxed at the same rate as ordinary biscuits. #TeamBourbon.
Uber-Didi
Uber joined the long list of American MNCs that came to do business in China but inevitably fell on their faces. In a deal announced last week, the popular ride-hailing service will sell its China operations to rival Didi Chuxing in exchange for a 20% stake in Didi, who will invest $1 billion in Uber. The two giants have been battling for the Chinese market for years and despite spending billions of dollars, no one has managed to turn a profit. In fact, Uber was facing a loss of $1 billion annually due to heavy competition in China. Once upon a time, Uber’s future in China seemed to hold promise. And now, the company is throwing in the towel. The company’s mistake? It tried to fight a land war in Asia. Although Didi was the bigger company in China in terms of market share, Uber did have its moments. Such as when a Chinese hip-hop artist posted a gangster rap song about how much he prefers Uber. Don’t Baidu it - China being China censored the whole thing just days later.
Loans For Pani Puri walas
Banks use all sorts of fancy algorithms to determine if a borrower will repay a loan. Despite all of that, with the banking crisis, a huge amount of loans are at a risk of being Vijay Mallya-ed. So the fancy algorithms haven’t exactly worked out. Another one of those fancy things that banks use is a credit score. A good credit score will have banks lining outside your door shouting for your attention. A bad credit score will have you lining outside the door of the banks with a ton of paperwork. You need a good credit score to get loans. But to get a good credit score, you need to repay loans. So you see the chicken-and-egg problem here. This means a lot of people don’t even have credit scores. But those people still need loans. And banks won’t touch them with a ten-foot pole. Now, microfinance companies like Edelweiss, Bharat Financial, DHFL and many more are going places feared by the big boys of finance. A big push in the industry is to loan money to pavement hawkers, scrap dealers and other self-employed individuals. For example - the makers of the extremely healthy chinese food at the hand-kart that parks near the local sewer every evening. Basically, giving loans to low-income borrowers without a credit score or any kind of formal financial history. If that sounds like a recipe for trouble, that’s because it is and we’ve already had that dish in the run-up of the financial crisis of 2008. And if history isn’t repeating itself here, it’s definitely rhyming.
Too Many Branches Spoil The Bank
The State Bank Of India has almost 17,000 branches which is very impressive. Especially since they get to brag about it in tables that rank banks by number of branches. But the bank isn’t doing itself any favours by putting 5 branches within a 1 km radius of each other, as is the case a lot of times with SBI. Because sometimes, it’s not the size that matters, it’s what you do with it that matters. And SBI is considering a proposal to do away with such extra branches by consolidating them. It might make common sense to shut down branches when put like that, but then they won’t get to brag about how many branches they have. And investors love those kind of things. SBI is currently in the process of merging with its associate banks from Hyderabad, Mysore, Travancore and so on. It expects to have that completed by March 2017. At which point, that 17,000 number will balloon up to 24,000 branches, compounding that problem. A global consulting firm, McKinsey which was hired by SBI has recommended shutting down upto of 7,200 of those branches. Moreover, bank branches are so 2000s. Online is where it’s at.

Sidebar Stories

  • India is a nation of chronic procrastinators. Just look at how much you procrastinate yourself, for example. For more proof, realize that half the people reading that last sentence just strongly agreed with it. And so the government extended the deadline to file Income Tax returns by 5 days till August 5th to accommodate all the last-minute submissions.
  • 23 million income tax returns were filed online this year, more than thrice the 7 million that were filed last year. Like I said, online is where it’s at. Moreover, who would want to stand in line to file tax returns when you can be a responsible and mature citizen of India while wearing your pajamas at the same time?
  • Corruption watchdog Central Vigilance Commission (CVC) has asked the IIM-A and other premier business schools in India to develop an ‘integrity index’ to measure the levels of corruptions in 25 government agencies and state-run companies. The CVC is hoping that the rankings will help focus anti-corruption resources to where they are needed the most. Meanwhile, Buzzfeed “writers” are already salivating at the thought of headlines like Here are the top 10 most corrupt government offices. #6 will literally empty your wallet.
  • A new survey published last week found that Indians are losing more money to online fraud than other Asians. While 36% of Indian respondents reported to being cheated by internet scams, the most popular form of internet scams turned out to be lottery scams and Work-from-home scams. In other news, find out how this housewife is earning 50,000 a month sitting at home.

Market Movements

Let’s do the numbers. Since last week:
  • BSE Sensex: ↓ 0.02%
    Week Open: 28,083.08
    Week End: 28,078.35
  • Nifty: ↑ 0.33%
    Week Open: 8,654.30
    Week End: 8,683.15
  • Gold prices: ↓ 1.58%
    Week Open: 31,549
    Week End: 31,050
  • USD / INR: ↑ 0.15%
    Week Open: 66.764
    Week End: 66.842
Stocks that moved heaven and earth:
  • HCL Technologies (HCLTECH) was up 8.98% on the back of positive quarterly results and a single large trade of about 14 lakh shares that pushed the stock price up.
  • Grasim Industries (GRASIM) was up 7.28% as the Birla-family owned cement maker was identified as one of the companies set to benefit from GST.
  • Tata Steel (TATASTEEL) was up 6.92% since the government extended a price floor on cheap imports of steel from China.
The yield on 10-year government bonds is up from 7.138 to 7.168.

Up Next

Important Numbers being released this week:
Tuesday, August 9th: RBI Interest Rate Decision, Quarterly Results for - Adani Ports & SEZ, Lupin
Wednesday, August 10th: Quarterly Results for - Mahindra & Mahindra
Friday, August 12th: Consumer Inflation (Jul), Quarterly Results for - Hindalco Industries, State Bank Of India

Footnote Stories

Leading bitcoin exchange, Bitfinex, was hacked last week and cryptocurrency worth $70 million was stolen. The exchange has announced a plan to compensate all customers. In other words, business as usual for bitcoin.
Moon Express, a US-based company co-founded by Indian-origin entrepreneur Naveen Jain, became the first ever private company to receive permission from the US government for a commercial space mission to the moon. The company’s business plan involves accepting sponsorships and carrying private payloads to the moon in order to make a profit. In future space missions, the company expects to make money by mining for natural resources on moon, specifically mining for Helium-3. This would’ve happened a lot sooner if only the moon had some oil. Helium-3 is all fine... But it’s no oil.
< For the Week Ending 30th July, 2016
submitted by DexterMilburn to india [link] [comments]

How can NYCoin reach the Unbanked and Underbanked?

I'm not going to answer the question, because I doubt there is one answer, but I've got some articles I want to link to and I hope we'll talk about these groups more. There's a huge potential for mutual benefit here between NYCoin, our retail partners and their underbanked customers.
Unbanked and Underbanked
Tech companies, banks and local governments have been thinking about and making overtures towards the underbanked for years, with most of the success coming in third world countries from digital, phone based systems. The pressure to reach this market is growing, and estimates of unbanked sizes within the U.S. seem to be from 10 to 15 million, not including the merely under-banked which would bring the total to 30+ million people. https://www.forbes.com/sites/alanmcintyre/2017/05/10/banks-need-to-focus-on-a-new-customer-the-unbanked/#766222b659c8
Specific to New York City, more than one million people are identified as unbanked (no bank accounts in the entire household) or underbanked (some accounts, but still using some alternative services, including predatory financial services). This despite the city working since the 90s to actively regulate banks to favor these consumers: https://citylimits.org/2017/01/06/why-are-so-many-new-yorkers-still-under-banked/
Identities and Trust
I don't think enough has been said about the role IDs play in all this. In the voter ID debate (please avoid the politics here, let's just focus on the economics), it's often been pointed out how many people lack valid photo ID, which would make it difficult to participate in traditional financial transactions, which are built on trust. This effect might be particularly pronounced in a place like NYC where driving isn't as big a part of life as in other parts of the country, owing to NYC's excellent mass transit and congested roadways, so driver's licenses just aren't as common. New York City attempted to address this with a local ID, with limited success. https://www.nytimes.com/2015/12/24/business/dealbook/banks-reject-new-york-city-ids-leaving-unbanked-on-sidelines.html
Even if NYC convinced all companies to accept their IDs, they might have difficulty getting all users to actually use their IDs. I doubt even researchers fully understand why people don't have IDs. But in any case, the blockchain is built on trustless transactions. We can meet users where they are rather than demand they adapt to a system they don't seem to want to adapt to. There are no chargebacks on NYCoin like there are on credit cards. Unlike checks, you can't send NYCoin you don't control. And unlike cash you can't counterfeit NYCoin. If people don't want to use IDs, the need isn't there.
Practical hurdles
But it's one thing to know that blockchain projects COULD serve the unbanked, it's another to actually connect these particular users, often more disconnected than their banked peers, with NYCoin. That's the rub.
Personally, I suspect that our retail partners are our absolute best hope of connecting with, and helping this group of people, these retailers are also the most incentivized to help. If their unbanked customers are forced to carry around only cash, they will probably often carry as little as possible to avoid the dangers to losing it to theft. I know I feel conspicuous and vulnerable when I carry a lot of cash. That means they might buy less than they otherwise would or make fewer stops than they otherwise would. These same users may feel more comfortable carrying more money overall if some of it is locked on their phone. Even super cheap Moto E's have fingerprint sensors these days, so even if the phone was stolen, a crypto wallet on it probably won't be, and a user could use their recovery seed to regain their funds even without their phone.
There are some serious obstacles, however. First and foremost is bitlicense, a regulatory regime in New York no one seems to want to use. https://www.coindesk.com/meet-the-new-york-lawmaker-who-wants-to-replace-the-bitlicense/ I'm not going to analyze exactly what you can and cannot do without a bitlicense, but I certainly fear that selling NYCoin direct to consumers from your store would be a problem, and without that, how would the unbanked exchange their cash for NYCoin in the first place? Localbitcoins is the most obvious answer, but expecting the unbanked to jump through hoops to first get the bitcoin then use a far off, unknown exchange (when they already don't trust nearby banks) is unrealistic. Bitcoin's high fees present another obstacle, and localbitcoins often marks up the cost considerably, 10% isn't unlikely depending on competition, so by the time a user actually gets their NYCoin, they've lost enormous value from multiple vectors. As most unbanked are economically challenged to begin with, this isn't practical.
As you can see above, there are those interested in unraveling New York's regulations to make using crypto easier. And long term, I think we need shopkeepers who are willing to not only accept NYCoin, but to sell it to their users for cash as well. They would benefit not only from a fee on the sale, but also by helping their unbanked users have more money on their person, and thus be more able to make purchases in their stores when they need to but want to carry less cash around.
Rough Ideas
I suspect that NYCoin could benefit greatly from rallying behind efforts to repeal bitlicense, not only from the repeal itself, but from coverage of the repeal effort. The bigger a part of that we are, and the more we connect the repeal to helping New York's underbanked, the more the name New York Coin becomes known and associated with financial solutions.
Even if we help repeal bitlicense, we still need to convince more retail partners to come on board, and convince them to not only accept NYCoin, but to help their users buy it with cash when they don't have checking accounts or credit cards, and don't want to pay the localbitcoin tax or bitcoin fees to move their local purchase to an exchange they might not trust to begin with. But they do trust their local merchants. The benefit is there for merchants, but we need a solid way to sell them on it. A billboard won't do it. We need a more personal approach.
I think, ultimately, we need boots on the ground and funds to literally pay retailers to try NYCoin (again, after bitlicense is repealed). I don't think donations will begin to cover it. But if we can make small retailers investors, hodlers in NYCoin while the price is low, offering somewhere from 1 million to 5 million to accept and offer NYCoin to their customers for a year or two, and offering bounties to actual NYCoin boosters who sign them up, we could sign up hundreds of retailers. The price of NYCoin is low right now. Now is the time to do it, but if donations can't cover it, how could we raise the funds?
Some coins raise money by premining, ICOing, but Zcash raised money by putting a 20% founder's reward on the first 4 years of blocks mined on the network. I think when we decide on a fork to reduce the block reward, we should put a tax on future blocks sufficient to raise 1 billion NYC in funds for our team to use first towards retailer enlistment (without which, NYCoin doesn't stand a chance). If our first move to lower the block reward were not to lower it, but to send half of it to a development fund, we could raise half a billion NYCoin for retailer engagement in just over a month, and most of that would come out of prohashing's mine and dump operation, so the effect on NYCoin's price would be nearly the same as just cutting the block reward without a tax. Depending on how fast future reductions in the block reward progressed, if the tax remained we could have a cool billion to develop the coin within the year.
Conclusion
I hope you'll post more ideas here, post more threads about the unbanked and underbanked, ideas about how to organize to bring down bitlicense and generally talk about how to successfully draft more retailers and keep them happy and engaged and help them when they have issues. Our retailers will be the cornerstone of NYCoin. We need more of them and we need to be willing to take a big swing to recruit and keep them.
submitted by nodecache to nycoincommunity [link] [comments]

Rights, Ownership, Property, Money, etc. ++

meaning of ++
When claims of rights disagree A right is a moral construct, a sort of axiom upon which a sense of justice developed, such as Ken Schoolland has done in the previous post. There are bound to be dissenters from his idea of justice, so who is right about rights? On the R, we believe the individual is sovereign, while the state, if it is privileged to exist at all, is duty bound to provide security for the people (not itself). On the L, they believe the State is sovereign, and the individual, if he is privileged to exist at all, is duty bound to serve the State (the persons who are operatives of the State). Obviously, R and L cannot coexist in harmony.
The only JUST way to resolve moral disputes is SEGREGATION. Split the people who disagree into "camps" or "campuses" of agreement so that "birds of a feather can flock together". As campuses evolve over time, some may grow and visa versa, as long as citizens have the privilege to migrate out. I call this a privilege because the destination a migrant may choose has the right to deny entry. A migrant must have the default privilege of going wherever he/she is accepted. Anything less is involuntary confinement (prison). How is the split achieved? Issue a constitution that defines the qualities of a citizen, and forcibly eject everyone who fails the definition. This is an act of (group) self-defense, so force is justified.
Just a speculation, but if Reech and Leech were separated into their own segregated societies as just suggested, the Reech would prosper but the Leech would quickly run out of Reech people to plunder, as the Reech would have naturally migrated to where they are appreciated and allowed to keep their property. Since Leeches suck, they would starve.
We were talking about money, and about 3 basic types: Aristotle's classic commodity money, modern token money, and fiat currency. The first 2 real, the 3rd a fraud that exists because of laws and threats.
Store of Value ++ Recalling Aristotle's attribute of money, Portability, let's introduce the concept of value density to measure it, and compare, shall we? Let's compare two commodities, gold and water. Depending on circumstances, water can be far more intrinsically valuable than gold, but it is much less value dense. Our planet has oceans of it. Increased supply means diminished price. Gold is $788.86 / cm3. Water is extremely variable in price, but let's take bottled drinking water, (most likely at the top end of the price range) for example. At Sam's Club you can get 40 bottles at 16.9 oz per bottle for $3.98, and water has mass density 1 gm/cm3, which converts to $0.000207678 / cm3. Gold is 3,798,491 times more value dense than Sam's Club bottled water.
Recalling Aristotle's attribute of Durability, water is very durable, but easily spoiled with impurities (a sort of corrosion). This idea of spoiling brings us to the concept of isolation, or containment. Traditionally, money is stored with at least two tools: a vault and accounting. Both need to have high integrity to safely store money. Classic money did not rely on accounting. Gold is its own accountant, its amount fixed, and whoever has it, owns it. Self-accountability is an intrinsic feature of precious commodity. However, external accounts CAN be made of gold. The accounts can represent the gold, so the accounts themselves can be used as money. These accounts are social constructs which rely on trust. Next, let us move on to modern money storage.
Modern money is token, or representational, like poker chips. Since this is a social construct which relies on the trustworthiness of the ability to redeem tokens for something real, we are now in the realm of casino managements, and governments with their freakin' laws and special interests. Gov'ts are already pushing to end printed money, and force everyone to use digital fiat currency units within the existing financial services sector (privileged accountant banksta middlemen).
Accounting practice keeps track of de jure ownership. Once you have that, de facto ownership loses nearly all its importance, because the tokens are not intrinsically valuable, and redemptions are made only if the de jure relationship can be established. This is where crypto-currencies, with their intrinsic (built-in) fraud-proof accountability/ provenance really start to shine.
Cryptos are a classic form of money. WTF? you are thinking. Bitcoin (BTC), for example (the pioneer) is not "backed" by anything. That's assuming it's a token money. Au contraire, it's a classic type, with intrinsic value, which is its accountability. BTC provenance is recorded on a distributed ledger, called the blockchain. Now, this intrinsic value is not like the value of a precious metal. Bitcoin is privacy-secure, fraud proof, and in total control of its owner, needing no intermediate party (bank or credit card) to confirm and transfer funds. Bitcoin is self contained (on the blockchain and in your wallet) just as a gold coin is self contained. But to carry several tons of gold, you need a heavy truck. The equivalent value in Bitcoin, indeed ANY amount of Bitcoin, can be stored on a memory chip smaller than a dime. To ship a ton of gold around the world, you need a series of reliable carriers, guards, and security agents. To send any amount of Bitcoin around the world, you just do it on the Internet, takes a few seconds, perfectly secure, receipt confirmed in seconds or less; cost nearly zero. People are already familiar with credit cards and smart phone apps that make payments quick and easy. BTC is currently a little more of a technical challenge, but with all these new features, no wonder it is so popular!
Cryptos are new. Bitcoin's specification was published 2009. Already, newer cryptos are being created with features similar to BTC. Now I'm going to offer you, dear reader, some ideas about future money that follow logically from BTC's example.
Here we do a fast forward. Imagine the Globalist/ secret-society project for world domination is crushed. Nation states have won their independence from the Globalist unions. Continuing the trend, states have been split by a plethora of secession movements into a multitude of small territories, somewhat as it was in middle age Europe. Fiat currencies are defunct. Big banks have been broken into small banks, and most of those have gone out of business. Manipulation of commodities markets has been squelched. Inflation is no longer an official goal set by the bankstas. (Inflation is a clandestine tax which erodes value of money by increasing the supply.) A stable store of value is now the goal. The Internet has taken over many past industries and the people have come to power.
Money is not issued by government, nor by international banking cartel, but there is now a large diverse competitive market of money types offered by various businesses. They are all digital crypto-currencies. They have taken on a similarity to credit cards/ smart phone/ smart watch apps. However, they have various features that serve the interests of their owners. A new feature many of these currencies have, is they pay a yield for holding them. Gold does not do that, it just sits, corrosion-free. Digital money has morphed into income-producing securities. If cryptos can be used as tokens as well as a reliable means of accounting that cuts out the middleman bankstas, whooee, money opens up a new world of opportunity for entrepreneurs to help people develop income opportunities. Bless the Internet, as the Internet blesses us!
19 Industries The Blockchain Will Disrupt 10 min.
Liberty and Equality are not compatible As you can read in The Protocols of Zion (Basic Doctrine) the secret societies employ their mind control slogan "Liberty, Equality, Fraternity!" to sell the gullible masses on their class warfare agenda. Trouble is, if citizen's innate talents and efforts are able to put into storage the products of their life and liberty (Property), there are bound to be huge differences between citizens. The Zionists want to grab the stored wealth by gov't force. That is why they want a Tyranny of Democracy. They do mind control on the masses, which then mimic the tyranny wanted by the controllers.
Equality "It's not dispossession - it's an expansion of equality!" ABCNews/ Uncomfortable interview w/ Jared Taylor 14 min.
The conventional ideas of equality were non-existence of privileged classes (no nobility, as intended in Declaration of Independence), no special laws, justice is blind, and equality of opportunity.
But nowadays, we have two more kinds of "equality," elite persons who are above the law, (like Jon Corzine (note portrait of Paul Warbrug behind him), the Clintons, and Bill Cosby) and equality of achievement (social justice) because some minority groups were mistreated in the past by our ancestors, so now we have to give them special privileges and affirmative actions. In other words, rob from the "haves" and spread the wealth to the "have nots." This government intervention displaces results from actions, ie. promotes irresponsibility; and punishes achievement, which is a bad idea regarding personnel management. This robbing of the Reech is a Leech axiom.
Intro to Bitcoin Vinny Lingham 12 min.
What the #?!* is Bitcoin? Jeremy Rubin 16 min.
Lauren Southern speaks about Crypto-Currency 9 min.
rising food prices, cooler weather, and Cryptocoins 2. min.
ETHEREUM JUST EXPLODED TO $350 SGT rept. 8 min.
Ethereum will pass bitcoins for #1 cryptocurrency 6 min.
Is China Gaming Bitcoin? | China Uncensored 9 min.
ALL Crypto Currencies HUGE DROP After Bitcoin Exchange Cyberattack 06/15/2017 10 min.
Understanding the Boom in Cryptos (now in the speculation phase); Chas. H. Smith
China Becomes First Country in the World to Test a National Cryptocurrency (Future Society)
cryptocurrency news headlines
Ever wonder how Bitcoin (and other cryptocurrencies) actually work? 26min.
Cryptocurrency innovations 12 min.
StackExchange, Cryptos
submitted by acloudrift to C_S_T [link] [comments]

Bitcoin will succeed, but without a political agenda.

Looking at this subreddit's frontpage, it seems like today is all about the bitcoin community. Over the last week I always wanted to speak out about something that bothers me with it, so why not join in on todays hot topic: the problems with the Bitcoin community?
Here's my story: Two months ago, when I just started to learn about the mechanisms of Bitcoin, I - quite naively - posted this question on bitcoin.
I was more or less told to do my homework and learn more about all ideas of Voluntarism, Anarcho Capitalism, Libertarianism, and so on. So I did. Extensively. But I'm still not convinced.
In contrary, I think that if Bitcoin succeeds (I'm quite optimistic) it will only happen through major mass adoption and I henceforth believe that the ideological and political ideas that where a driving force in the beginning, will just become a background noise or a foot note in our history books at best.
A few days ago, Hive Wallet was released and a couple of friends installed it on their laptops. They have no idea about the blockchain, how the bitcoin protocol works or what austrian economics are and guess what: they don't give a shit about it. What they saw, was a pretty neat and simple concept of sending money through the internet. And in my opinion, this is what counts for most of the people and what can make Bitcoin (or other Crypto Currencies) a big success.
Marc Andreessen wrote one of the best articles about Bitcoin that I've read in the last weeks and I'm sure you've all seen it. I agree with pretty much every sentence in his commentary for the New York Times but it's last paragraph has to be highlighted.
"But I hope that I have given you a sense of the enormous promise of Bitcoin. Far from a mere libertarian fairy tale or a simple Silicon Valley exercise in hype, Bitcoin offers a sweeping vista of opportunity to reimagine how the financial system can and should work in the Internet era..."
tl;dr: You can be a fan of Bitcoin without hating the government and hate paying taxes. And chances are, that if Bitcoin succeeds, the majority will use it for practical not political reasons.
On a personal note: I am from Europe and I understand that many of the die-hard Voluntarist-NonStatist-Libertarian-Bitcoin-Fans are from the US, just as a huge part of the Bitcoin Community is. Everything on here is very US focused but here is hoping, that a community that believes in the ideas of a global currency, will also be able to develop a more global and less self centered view. Peace!
submitted by bemodriver to Bitcoin [link] [comments]

[uncensored-r/CryptoCurrency] One Reddit user lost $500,000+ USD worth of ICX tokens!

The following post by dbaker102194 is being replicated because some comments within the post(but not the post itself) have been openly removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ CryptoCurrency/comments/7o12zi
The original post's content was as follows:
A reminder to NEVER EVER input your private keys on any bogus website & to double check website urls entered. See: https://www.reddit.com/helloicon/comments/7nt40c/how_to_get_back_my_icx_from_scammers_account/
How to protect yourself
1) Get a Ledger Nano S or Trezor ASAP, they work well with many wallets and sites like MEW and it takes less than 5 minutes to learn how to use one! Don't delay, buy one today!
Here's a good tutorial on using Ledger with MyEtherwallet. https://www.youtube.com/watch?v=_RvDPQHERtc
Note: It is impossible for your wallets to be hacked when using a Ledger. Brief run down of Ledger: - When you buy this unit, it gives you 24 seed words you write down on a piece of paper, these keywords should never touch your computer. If you ever lose your Ledger, you can buy a new one and restore all your wallets from these 24 seed words. The ledger protects you by never revealing your private keys. If your PC is infected, your wallets would still be fine.
2) Enable 2FA on all exchanges.
3) If you use Google Authenticator, make sure you write down your keys - not having this information means you will be locked out if you lose your phone or it gets broken. A better alternative is Authy, however make sure Devices -> Allow Multi-device is switched OFF.
4) Install Virus & Malware Scanner with Anti-key logger. A good solution is Zemana AntiLogger, this software includes both real-time scanning & anti-key logging features. All keyboard inputs are encrypted. It also gets high praises from the industry.
5) Double check all inputs. When sending tokens to a new wallet/exchange, always send a small amount to confirm if the send works before sending a large amount.
6) Don't trust anyone. Don't post your gains on social media with your real names attached (e.g. Facebook). See https://www.nytimes.com/2017/08/21/business/dealbook/phone-hack-bitcoin-virtual-currency.html
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

A Non-technical Bitcoin Primer (Part 1)

TL;DR: This non-technical intro covers what Bitcoin is, its benefits over current payment technologies, and the threats to its success. The goal is to get a beginner quickly up to speed and making sense of the headlines. The primer is divided into two parts, and the second part is linked to at the bottom. Suggestions for additional resources are provided at the end of Part 2.
There was a recent post asking "I've been hearing a lot of talk about Bitcoin the past few months, and I want to get started, but I want to know what it is, and the benefits of using Bitcoin over other forms of currencies."
While it's relatively easy to find resources on the technical underpinnings of Bitcoin, or on how to purchase your first bitcoins, it's difficult to find summaries of the many issues it faces as a technology. Media stories can be confusing to navigate, with some heralding Bitcoin as the next great revolution, and others deriding it as a tool for criminals.
I thought this would be a good opportunity to post an early draft of my primer covering the important non-technical aspects of Bitcoin. It should be enough to get a beginner off to a good start.
Part 1 is below, and Part 2 is linked to at the bottom.
Comments are appreciated!
WHAT'S THE BIG DEAL? We can now communicate in a truly global way, thanks to the World Wide Web. Instead of sending letters, we send e-mail. Instead of expensive long-distance phone calls, we have Skype and Google Hangouts. Instead of looking up information with a card catalog, we search Google or go to Wikipedia.
Unlike our communications systems, our traditional payment systems are not global, despite the fact that we live in an increasingly global economy. Bitcoin is the first web-native payment protocol and consensus network that supports global, decentralized peer-to-peer payments (I'll explain more about what that means in a bit). At first, you can think of it as a global form of cash for the internet, but it's actually more than that. It has the potential to do for the world economy what the World Wide Web did for communications.
At present, we largely rely on payment systems that were designed before the web even existed. Our methods of payment depend on a patchwork of local currencies and banking systems. Traditional payment systems, such as credit cards as we currently know them, were introduced in the U.S. in the late 1950s!
People have recognized the need for a new payment network for a long time and have been trying to invent a form of e-cash for decades. The main problem is that digital money, like anything that's digital, is easy to copy. We can't have people copying their money and fabricating billions of e-dollars for themselves, because those e-dollars would become worthless.
Bitcoin is a major breakthrough in computer science that has solved the problem of copying money (called "double spending").
HOW COULD MONEY WITH NO CENTRAL ISSUING AUTHORITY EXIST? When we say Bitcoin is decentralized, we mean that it's run by the users. How? Here's a brief, non-technical overview.
The users include people who use bitcoins for transactions (consumers and merchants), developers who create new ways to use Bitcoin, and miners.
Miners run specialized computers all over the world that verify transactions (checking that no double spending has occurred); they are rewarded with newly "mined" bitcoins (this is how new bitcoins are created, instead of them being issued by a government).
All the transactions are recorded on a public ledger called the blockchain (since the blockchain puts everyone in agreement with the transaction history, it's the consensus mechanism alluded to earlier).
Bitcoin with a capital "B" refers to both the protocol (the technical specification of how this system works and the code that implements it) and the whole payment network of users. When written with a lowercase b, bitcoin usually refers to the currency that is transacted across this system.
(It turns out that Bitcoin, as a protocol, supports many other applications in addition to the bitcoin currency. In a way, it's similar to how the internet is used for more than sending e-mail, but I won't get into additional applications here.)
So, what are some advantages of Bitcoin?
WHAT MAKES BITCOIN DIFFERENT
SECURITY You buy something online at Target by typing in your credit card number. Target gets hacked (as we saw early this year), and hackers now have your account number, which is basically the key or password to your credit line.
Now consider e-mail. When you send someone e-mail, do you need to give them your password in order for them to read the e-mail? No. You have a public e-mail address that you can share with them, if they need to reply to you.
Bitcoin is like that. You have a public key (like your e-mail address) and a private key (like your password). You can send and receive payments without giving away the keys to your funds.
So, things like the Target debacle could not happen.
Yes, people's coins do get stolen, and there are still security issues, but often these have to do with people who are not knowledgeable about Bitcoin and who try to store the coins themselves (as opposed to storing them with a reputable third party), and they end up not securing their private keys properly.
Or, they'll print what's called a paper wallet with unencrypted private keys and send it through the USPS (you wouldn't send a lot of cash in an envelope through USPS, would you? I'm hoping you answered no!). Please do not do this!
So, people need to learn that Bitcoin is like cash in some ways; if you lose it, you're not getting it back (although some efforts at insuring bitcoins are starting to crop up).
As the industry grows, storing coins securely will become easier for the non-techie. Remember, it used to require lots of technical knowledge just to get on the World Wide Web.
LOW FEES It's difficult to overstate the importance of this. Low fees will help workers sending money abroad to family, they'll help small business owners and larger merchants, and they'll enable new business models.
Currently, people can pay around 10% to send international remittances (e.g. if they're sending $200 to family abroad, they might pay $20 in fees), and the international remittance market is huge. For example, in 2010, India received 55 billion U.S. dollars in remittances; perhaps half of this was for family maintenance. Remittance fees are therefore a big burden on lots of families worldwide.
Merchants pay around 2-2.5% on all the money they bring in through credit cards. Small businesses accepting payments through PayPal pay 2.9% +.30. An individual bringing in about $3000 monthly could pay around $90 per month to be able to accept payments.
Typical Bitcoin transactions range from free to .0001 BTC, or about $.06 per transaction, regardless of the number of Bitcoins sent. (Fellow redditors, please chime in on this if you have helpful sources).
Low fees also enable microtransactions, which are very small payments, and these can support entirely new business models. For example, consider an online newspaper that charges a large monthly fee. Many users just want to read one article. With microtransactions, it's conceivable that users could instead just pay a few cents per article. This was previously impossible, because the fees paid by the newspaper to collect the payment would be larger than the payment itself.
Why are the payments so cheap? What's the catch? Bitcoin payments are peer-to-peer, so there aren't third parties charging fees. Most of the fees charged by credit card companies, as I understand it, go toward fraud prevention, but Bitcoin does not suffer from the same security flaws.
GLOBAL SOLUTION Bitcoin is built for a web-connected world. It's not issued by any particular government and can be sent between two parties anywhere in the world without going through intermediate banks and exchanges, which reduces cost.
ACCESS FOR THE UNBANKED Roughly half of the world's adult population is unbanked, i.e. does not have access to a bank account. Not having access to a bank account makes it difficult and expensive to send payments, to store funds securely, and so on. In short, it's a major hardship.
It's not that the unbanked have no money. Often, there is just no access to a reliable banking infrastructure where they live.
In the developed world, it’s possible to be denied access to a banking account because of having overdrawn an account many years ago. "Mistakes like a bounced check or a small overdraft have effectively blacklisted more than a million low-income Americans from the mainstream financial system for as long as seven years" according to the New York Times. A million people is a small number compared to half the world's adult population, but this shows that access to banking can be difficult for a lot of people in developed nations as well.
As the Bitcoin industry grows, it will become easier for individuals to securely store their money (people in developing nations often do have access to cell phones, and payment applications for such cell phones are already being developed). In this way, developing countries can leapfrog traditional banking infrastructure as they did with telecommunications networks by going straight from having no land lines to having cell phones.
PREVENTION OF RAMPANT INFLATION In many countries, such as Venezuela, Argentina, and Iran, the local currency can be highly inflationary. People's hard-earned assets become less and less valuable. This can happen when a country prints too much money.
With Bitcoin, the rate at which new bitcoins enter the economy is strictly controlled by the protocol. Eventually, there will be a maximum of 21 million bitcoins in circulation. After that, no more bitcoins will be produced.
Right now, the price of Bitcoin is very volatile, but much of this volatility is the result of Bitcoin being new. If it succeeds in becoming more widely adopted by merchants and consumers, and if more institutional investors start getting into Bitcoin, and if regulatory clarity increases from governments, this volatility will diminish. (All of these things are starting to happen.)
A related aspect of Bitcoin that is novel is that if it becomes widely adopted, then in the medium term, its value will increase fairly dramatically, instead of decreasing as with inflationary currencies. Basically, the bitcoin supply won't increase too much, but the goods and services paid for with that supply will increase. So, the value of the bitcoins will need to go up to accommodate that change. (In the short-term, the price is determined more by speculation, but it's this speculation that makes bitcoins valuable enough to actually be useful).
Bitcoins constitute a new kind of asset class. People can use them as a currency, but they can also use them as an investment (especially now, while it's still early). These two aspects of the currency will pull in opposite directions for now (if it'll grow in value, should I really spend it?). People here on bitcoin might tend to hope that this tension will be resolved, as Bitcoin will be made popular by its many advantages. No one knows how it will play out.
PERMISSIONLESS APPLICATIONS LAYER Early on in Bitcoin's history, a famous economist (who I won't name, so as not to make personal attacks) who vastly underestimated the potential of the World Wide Web as a transformative economic force, made a similar estimate of Bitcoin's potential.
In this terrific article, a research fellow at George Mason University explains that this economist was making the same mistake in both cases.
In the early days of the internet, it wasn't clear to everyone why it was better than the existing telecommunications networks. It turns out that the primary feature that set it apart is its permissionless applications layer. In other words, the internet is built on a protocol for data transfer, but developers can do whatever they want with the data at the ends of the network, without having to modify the network itself or get permission from internet service providers.
For example, AT&T experimented with video calls as far back as the 1960s. It wasn't until the World Wide Web that cheap video calls were made possible by the likes of Skype and Google.
In a similar way, Bitcoin is a protocol for transferring data and recording it on a public ledger, and developers can create new features on top of the protocol. This is why Bitcoin has been called "the internet of money."
A helpful analogy to keep in mind is that internet:communication::Bitcoin:finance. This is fleshed out in the "terrific article" I linked to.
NO CHARGEBACKS Let's say someone steals your credit card information and fraudulently uses it to purchase goods. You dispute the charge, and you get your money back (hence the term chargeback).
Since the money goes back to you, it's taken away from the merchant, despite the fact that the merchant has already given away the goods. Chargebacks can also happen if the consumer is unsatisfied with the goods, and for other reasons as well. This can be very costly for merchants.
Bitcoin payments are irreversible, so chargebacks do not happen. This is very helpful to merchants, but it means that when you purchase faulty goods as a consumer, you might not have a formal process in place to get your money back.
A trustworthy merchant could voluntarily send your money back, but there is no third party bank that can reverse the payment.
ACCEPTING BITCOIN IS EASY All you have to do is post your public key (like an e-mail address), and people can send you payments.
TO BE CONTINUED I've run out of room. In Part 2 of this primer, pseudonymity is discussed, along with threats to Bitcoin's success.
Edits: Wording under "SECURITY," per BitCamel; typos; linked to remittance data.
submitted by 11251442132 to Bitcoin [link] [comments]

Why is Blockchain wallet still a thing?

Don't get me wrong, hitting 3 million wallets is a great achievement, but are they adding value to the bitcoin ecosystem? Their wallet is terrible compared to the other wallets that are out now, such as Airbitz, Mycelium, Breadwallet, Electrum. All these wallets come with more features and security built-in and with less room for user error for securely backing up keys then BC.info. Why the lack of innovation? They had one of the largest investment rounds in the space, where is all that investment going toward? They've had security issues with the r-values and constant fishing issues. It was my first wallet and worked well for a while, but they've fallen behind the innovation curve IMO.
I think we need to point newcomers to more user friendly wallets.
submitted by CryptoEdge to Bitcoin [link] [comments]

Subreddit Stats: ethtrader top posts from 2016-03-23 to 2017-03-23 07:05 PDT

Period: 364.61 days
Submissions Comments
Total 1000 56097
Rate (per day) 2.74 152.85
Unique Redditors 394 3829
Combined Score 75281 255219

Top Submitters' Top Submissions

  1. 2341 points, 31 submissions: twigwam
    1. Coinbase granted N.Y. approval to offer Ether trades (199 points, 48 comments)
    2. Forget Bitcoin. The Blockchain Could Reveal What'€™s True Today and Tomorrow [Wired] (147 points, 17 comments)
    3. [CNBC] Alternative cryptocurrency Ether has done something only Bitcoin has manage to do (143 points, 27 comments)
    4. Enterprise Ethereum Alliance Releases Vision Paper (124 points, 17 comments)
    5. To be clear, the proposed 'hard fork' will NOT roll any "blocks back, or to undo any transactions that have nothing to do with the DAO." (121 points, 47 comments)
    6. Business Giants to Announce Creation of a Computing System Based on Ethereum [New York Times] (114 points, 41 comments)
    7. Ethereum Price Rises as Corporations Move In (97 points, 18 comments)
    8. The Birth of Enterprise Ethereum in 2017 (86 points, 44 comments)
    9. Meanwhile in r / Economics :) ... (84 points, 15 comments)
    10. Microsoft, Big Banks Unite to form Massive Ethereum Consortium - Investopedia (83 points, 0 comments)
  2. 1916 points, 26 submissions: Mr_Yukon_C
    1. Me watching the ETH price rebound today! (203 points, 27 comments)
    2. Is it time for this yet? LOL (184 points, 22 comments)
    3. Vitalik on PoS/Casper -- "our current approach...is actually going quite well." (122 points, 23 comments)
    4. Vitalik addresses Vlad's tweet about reducing the block reward by a factor of 4 (114 points, 28 comments)
    5. Devcon3: venue will be in Cancun in November! (81 points, 36 comments)
    6. MarketWatch - Bitcoin rival Ethereum is making a comeback (81 points, 14 comments)
    7. Daily Discussion thread is starting to get a little out of hand and unprofessional... (73 points, 35 comments)
    8. Ethereum hashrate back at all time highs -- a good leading indicator of strength and confidence. (73 points, 43 comments)
    9. Must be getting close to the bottom -- extreme negative sentiment. (71 points, 105 comments)
    10. In case you missed it--we now have 9,000+ subscribers! (70 points, 8 comments)
  3. 1655 points, 20 submissions: -bawb405-
    1. AlphaBay Market adding Ethereum for payments (159 points, 37 comments)
    2. $20 felt good, but we're still in early adoption by a long shot (122 points, 143 comments)
    3. Tools and technologies in the Ethereum ecosystem (117 points, 7 comments)
    4. If it's anything like last year, remember to be thoughtful and helpful to noobs (110 points, 36 comments)
    5. Remember to be thoughtful and helpful to noobs (108 points, 25 comments)
    6. Enterprise Ethereum (includes JP Morgan, CME Group, BNY Mellon, Banco Santander, Microsoft, Red Hat, Cisco, Wipro and British Petroleum) is "looking to build scalable, secure implementations of the private ethereum blockchain with an eye to also help improve the public version of the technology" (101 points, 20 comments)
    7. Been posting on this community for a year+. Bought my first Ledger S Nano this week. Why the hell didn't I do this earlier? This is the simplest way to cold store ETH with total peace of mind that I've seen. I feel dumb for not doing it earlier. (97 points, 109 comments)
    8. Ethereum a Viable Alternative to Bitcoin as a Payment Network (94 points, 18 comments)
    9. Finally, fucking finally, I can instant purchase ETH! Thank you Coinbase! (88 points, 29 comments)
    10. United Nation's World Food Programme is utilizing the Ethereum blockchain to distribute cash assistance to the world’s hungriest families (83 points, 6 comments)
  4. 1472 points, 19 submissions: Nooku
    1. A hard fork is the best thing for the Ethereum network; credibility and ideology is bullshit. Ethereum simply has to execute programs, the rest comes later. (234 points, 326 comments)
    2. How it is to be an early adoptor (173 points, 41 comments)
    3. We were not joking. (92 points, 10 comments)
    4. Thank you MEW ( MyEtherWallet ) (89 points, 32 comments)
    5. The #2 reason to be invested in Ethereum (87 points, 26 comments)
    6. Which burden do you want to carry: Going to PoS with an anti-Ethereum hacker holding (1)5 % of the Ethers? Or having an anti-principle fork in the history of the network which prevented exactly that? (81 points, 95 comments)
    7. A new Bitcoin crisis: Bitcoin is suffering from a brain drain, accelerating Ethereum's brain gain (71 points, 22 comments)
    8. The truth about Ethereum (71 points, 25 comments)
    9. ETH keeps dropping so let's see who the winners are (68 points, 71 comments)
    10. PSA: Today, ETC has reached its all-time low against ETH. Don't forget to secure your dividends. (64 points, 69 comments)
  5. 1456 points, 20 submissions: econoar
    1. Santander Vies to Become First Bank to Issue Cash on Blockchain using Public Ethereum Chain (175 points, 68 comments)
    2. DAO hard fork proposal by Gavin Wood (121 points, 76 comments)
    3. DAO rescue hotfix (soft fork) released. (121 points, 67 comments)
    4. Coinbase VP Tells Forbes that Ethereum will be available for purchase on its retail site Coinbase.com this month. (117 points, 46 comments)
    5. Never forget (79 points, 28 comments)
    6. RBS testing Ethereum as a Clearing and Settlement Mechanism, willing to use public chain if transaction speeds and some other criteria are met (77 points, 13 comments)
    7. 50% of today's ETH volume is on fiat pairs. Keep it up! (75 points, 5 comments)
    8. Ethpool and Ethermine voting for soft fork is live (68 points, 59 comments)
    9. JP Morgan looking to use Ethereum for data privacy (66 points, 3 comments)
    10. Fortune: Why J.P. Morgan Chase Is Building a Blockchain on Ethereum (64 points, 18 comments)
  6. 1448 points, 19 submissions: hodlor
    1. Petition Steam to accept Ether as payment! (228 points, 42 comments)
    2. Don't troll bitcoinmarkets (135 points, 39 comments)
    3. Light client syncs in 3 minutes, uses 30MB. (123 points, 44 comments)
    4. Ethereum is not an altcoin. (104 points, 49 comments)
    5. Ethereum kills two birds with one stone using Raiden: Anonymizing with Microtransactions (87 points, 33 comments)
    6. Why I just went 20% into DigixDAO (72 points, 181 comments)
    7. A blast from the past (70 points, 27 comments)
    8. I changed my mind about EtherDelta. I am impressed now. (70 points, 20 comments)
    9. Explain the Hardfork like I'm a one-legged pirate being chased by an English frigate (69 points, 16 comments)
    10. Ethereum is the most resilient thing I've ever seen. (62 points, 30 comments)
  7. 1360 points, 21 submissions: sandakersmann
    1. Vitalik Buterin on Twitter: "I am working 100% on ETH." (161 points, 21 comments)
    2. The 1 Reason Why These Entrepreneurs Are All In on Ethereum (ETH), Bitcoin’s Competitor (93 points, 11 comments)
    3. Gavin Andresen: "Ethereum has more nodes today than Bitcoin. Prediction: it's lead will grow even as its blockchain size exceeds bitcoin's." (85 points, 22 comments)
    4. Geth 1.4.12: From Shanghai With Love, hotfix for recent DoS issues. Please update! (81 points, 13 comments)
    5. I'm anti-HF, but now I run a node supporting the HF (80 points, 31 comments)
    6. Ethereum Surpasses All-Time High, Reaches $2 Billion Market Cap (66 points, 5 comments)
    7. New Blog post: An Update on Integrating Zcash on Ethereum (ZoE) (63 points, 14 comments)
    8. Transaction spam attack: Next Steps - Ethereum Blog (59 points, 4 comments)
    9. Announcing Parity 1.5: Multisig wallets, contract deployment, auto-updating, PoA/dev chains, badges & more (58 points, 11 comments)
    10. Vitalik Buterin: DAO Lessons, Casper and Blockchain Interoperability (Episode 171) (58 points, 2 comments)
  8. 1203 points, 19 submissions: Jackieknows
    1. Time for another Week in Ethereum News - Evan Van Ness (120 points, 8 comments)
    2. Vitalik Buterin: State clearing 100% complete. (105 points, 10 comments)
    3. Erik Voorhees on Twitter: I'm finding myself holding some extra ETH to use as payments, since Bitcoin is becoming too expensive/delayed (83 points, 33 comments)
    4. Ethereum ETF will be next (79 points, 54 comments)
    5. NY regulator approves Winklevoss bid to trade digital currency ether (79 points, 18 comments)
    6. "ETHEREUM: THE WORLD COMPUTER" Release: DEC. 16, 2016 (72 points, 13 comments)
    7. The Week in Ethereum - Evan Van Ness (65 points, 16 comments)
    8. Week in Ethereum -Evan Van Ness (65 points, 8 comments)
    9. This Week in Ethereum - Evan Van Ness (63 points, 7 comments)
    10. Kraken adds support for the Ethereum Standard DAO Framework (59 points, 4 comments)
  9. 1078 points, 12 submissions: heliumcraft
    1. Vitalik Buterin: Casper PoC3 backbone simulations: 3s block time, 1.25s avg latency + 2s avg clock offset: 1% stale rate (184 points, 44 comments)
    2. twitter: "There are more devs working on Ethereum & its ecosystem than Bitcoin. Discuss." (138 points, 24 comments)
    3. MetaMask public developer beta begins! Extension turns Chrome into an Ethereum Web3 browser! (132 points, 18 comments)
    4. Welcome to EthTrader ! (115 points, 13 comments)
    5. twitter: "Back when the price of ETH was $4 It was stated the Ethereum foundation had enough money for 4 years of operations. It's $40 now. (106 points, 20 comments)
    6. Reminder: There is a ethtrader telegram channel (78 points, 26 comments)
    7. Jack Peterson: "if anyone's curious why REP and ETH prices are tanking today, some shithead hacked Bob Shen and dumped his ETH+REP" (77 points, 71 comments)
    8. Light Client ready to test later this week (64 points, 14 comments)
    9. Light Client ready to test later this week (53 points, 0 comments)
    10. Status - a mobile Browser & Messenger for Ethereum (45 points, 8 comments)
  10. 1063 points, 18 submissions: BeerBellyFatAss
    1. This video should be stickied on Ethtrader as it gives new investors/traders a synopsis of what Ethereum is about. Upvote or downvote if you agree/disagree. (113 points, 11 comments)
    2. New to Ethereum - Please check out this 20 Min TED Talk - a high level overview by Don Tapscott: How the blockchain is changing money and business (79 points, 3 comments)
    3. Big Business Giants From Microsoft to J.P. Morgan Are Getting Behind Ethereum (68 points, 0 comments)
    4. Digital Currencies Show Potential To Be New Asset Class As Demand For Bitcoin Rival Ethereum Rises (68 points, 21 comments)
    5. Ethereum Research Update (59 points, 2 comments)
    6. Tech Giant Siemens is Now Working on Blockchain Microgrids with LO3-Ethereum (59 points, 10 comments)
    7. JPMorgan, Microsoft, Intel and others form new blockchain alliance (58 points, 3 comments)
    8. New to Ethereum? - I believe this is one of the best (high level) speeches that best describes Ethereum and blockchain in general. (55 points, 4 comments)
    9. Proof of Work Flaws: Ethereum Lays Out Proof of Stake Philosophy (55 points, 5 comments)
    10. Ethereum's Amazing Day Is Somehow A "Painful Lesson"? (54 points, 19 comments)

Top Commenters

  1. hodlor (5652 points, 905 comments)
  2. jtnichol (5250 points, 983 comments)
  3. Mr_Yukon_C (4897 points, 749 comments)
  4. ethacct (3287 points, 462 comments)
  5. econoar (3269 points, 348 comments)
  6. oldskool47 (2910 points, 483 comments)
  7. HandyNumber (2857 points, 586 comments)
  8. IRefuseToGiveAName (2757 points, 442 comments)
  9. etheraddict77 (2249 points, 526 comments)
  10. Dunning_Krugerrands (2173 points, 337 comments)
  11. huntingisland (2142 points, 515 comments)
  12. textrapperr (2110 points, 427 comments)
  13. Savage_X (1998 points, 463 comments)
  14. etheryum (1957 points, 347 comments)
  15. -o-o-o (1950 points, 434 comments)
  16. Hiphopsince1988 (1793 points, 316 comments)
  17. laughncow (1766 points, 387 comments)
  18. Joloffe (1709 points, 326 comments)
  19. Nooku (1611 points, 227 comments)
  20. CommodoreHodlor (1464 points, 300 comments)
  21. Empiricalgamer (1432 points, 315 comments)
  22. manimoa (1347 points, 224 comments)
  23. antiprosynthesis (1320 points, 783 comments)
  24. myownman (1311 points, 183 comments)
  25. BullBearBabyWhale (1291 points, 195 comments)

Top Submissions

  1. Fellow Etherians: when you wish you had purchased more, remember this... by mrcarner (429 points, 158 comments)
  2. Hivemind trading: For every upvote, I will long 1 ETH. For every downvotes, I will short 1 ETH. Let's do this. by Ignatius_G_Reilly (391 points, 32 comments)
  3. This sub for the last few days by pekkapekkanen (346 points, 68 comments)
  4. My final margin call by revcback (309 points, 248 comments)
  5. HIGH ROAD GENTS (AND GALS) by laughncow (288 points, 73 comments)
  6. Don't Trade Your ETH by carlslarson (287 points, 133 comments)
  7. Investopedia's word of the day: Ethereum! by barecoin (282 points, 16 comments)
  8. Welcome Bitcoin people! by tr4nsatlantic (272 points, 98 comments)
  9. President of Coinbase Fred Ehrsam on why Ethereum represents the future of crypto by soforth (254 points, 105 comments)
  10. PSA Hackers scan this forum looking for victims by dirtybitsxxx (246 points, 96 comments)

Top Comments

  1. 243 points: insomniasexx's comment in My final margin call
  2. 130 points: ProtectYourMind's comment in Monster support wall on GDAX
  3. 128 points: Trencheel303's comment in Fellow Etherians: when you wish you had purchased more, remember this...
  4. 123 points: stanf's comment in [Daily Discussion] - 16/Ma2017
  5. 121 points: Xanesghost's comment in [Daily Discussion] - 18/Ma2017
  6. 117 points: Bingbongfly's comment in My final margin call
  7. 108 points: Fuyuki_Wataru's comment in This sub for the last few days
  8. 108 points: HowRiskyIsDatClick's comment in [Daily Discussion] - 13/Ma2017
  9. 106 points: Empiricalgamer's comment in [Daily Discussion] - 15/Ma2017
  10. 99 points: nbr1bonehead's comment in Welcome Bitcoin people!
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Hackers attacking the mobile phone number — to steal cryptocurrency

This is the best tl;dr I could make, original reduced by 85%. (I'm a bot)
A particularly concentrated wave of attacks has hit those with the most obviously valuable online accounts: virtual currency fanatics like Mr. Burniske.
Within minutes of getting control of Mr. Burniske's phone, his attackers had changed the password on his virtual currency wallet and drained the contents - some $150,000 at today's values.
Mr. Weeks lost his phone number and about a million dollars' worth of virtual currency late last year, despite having asked his mobile phone provider for additional security after his wife and parents lost control of their phone numbers.
The attackers appear to be focusing on anyone who talks on social media about owning virtual currencies or anyone who is known to invest in virtual currency companies, such as venture capitalists.
After a first wave of phone porting attacks on the virtual currency community last winter, which was reported by Forbes, their frequency appears to have ticked up, Mr. Perklin and other security experts said.
Many email providers and financial firms require customers to tie their online accounts to phone numbers, to verify their identity.
Summary Source | FAQ | Feedback | Top keywords: phone#1 attack#2 account#3 number#4 virtual#5
Post found in /icocrypto, /technews, /geek, /technology, /Bitcoin, /sidj2025blog, /NoFilterNews and /TheNewsFeed.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
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Subreddit Stats: ethtrader top posts from 2016-05-05 to 2017-05-04 06:11 PDT

Period: 363.78 days
Submissions Comments
Total 1000 75999
Rate (per day) 2.75 208.55
Unique Redditors 436 4914
Combined Score 116948 439617

Top Submitters' Top Submissions

  1. 3713 points, 42 submissions: twigwam
    1. Coinbase granted N.Y. approval to offer Ether trades (203 points, 48 comments)
    2. That moment when you can buy Ether in the crappiest of grocery stores in Romania :D #Ethereum getting mainstream! @Peter_Szilagyi (202 points, 15 comments)
    3. Is Ethereum The New Bitcoin? [Huffington Post] (183 points, 120 comments)
    4. Forget Bitcoin. The Blockchain Could Reveal What'€™s True Today and Tomorrow [Wired] (146 points, 17 comments)
    5. [CNBC] Alternative cryptocurrency Ether has done something only Bitcoin has manage to do (141 points, 27 comments)
    6. "Should a Bitcoin hard fork occur, expect this to be a bullish event for ETH with ...a target of $65-80" -Nasdaq.com (128 points, 112 comments)
    7. Enterprise Ethereum Alliance Releases Vision Paper (119 points, 16 comments)
    8. To be clear, the proposed 'hard fork' will NOT roll any "blocks back, or to undo any transactions that have nothing to do with the DAO." (118 points, 47 comments)
    9. I'll Say It Again: Ethereum Beats Bitcoin [TheStreet] (117 points, 34 comments)
    10. Business Giants to Announce Creation of a Computing System Based on Ethereum [New York Times] (114 points, 37 comments)
  2. 2352 points, 24 submissions: -bawb405-
    1. "ethereum is it" says the guy who wrote the code that runs the modern web. ❤️ (210 points, 19 comments)
    2. People are now using Ethereum without ever having heard of it. Charged a BMW i3 at a "blockchainified" Share&Charge station today. Paid with Ethereum ERC20 Euro tokens through their app. • ethereum (194 points, 16 comments)
    3. Bosch using Ethereum (fixed) - a company with $70+ Billion in revenue last year - is building dapps on Ethereum (172 points, 27 comments)
    4. AlphaBay Market adding Ethereum for payments (157 points, 36 comments)
    5. $20 felt good, but we're still in early adoption by a long shot (122 points, 139 comments)
    6. Tools and technologies in the Ethereum ecosystem (118 points, 6 comments)
    7. If it's anything like last year, remember to be thoughtful and helpful to noobs (111 points, 36 comments)
    8. Remember to be thoughtful and helpful to noobs (110 points, 24 comments)
    9. Been posting on this community for a year+. Bought my first Ledger S Nano this week. Why the hell didn't I do this earlier? This is the simplest way to cold store ETH with total peace of mind that I've seen. I feel dumb for not doing it earlier. (99 points, 118 comments)
    10. Enterprise Ethereum (includes JP Morgan, CME Group, BNY Mellon, Banco Santander, Microsoft, Red Hat, Cisco, Wipro and British Petroleum) is "looking to build scalable, secure implementations of the private ethereum blockchain with an eye to also help improve the public version of the technology" (99 points, 20 comments)
  3. 2219 points, 18 submissions: Nooku
    1. To all Gnosis token holders. Take a seat before reading this. (440 points, 215 comments)
    2. This is Bitcoin (265 points, 113 comments)
    3. A hard fork is the best thing for the Ethereum network; credibility and ideology is bullshit. Ethereum simply has to execute programs, the rest comes later. (236 points, 326 comments)
    4. How it is to be an early adoptor (172 points, 41 comments)
    5. Found a major TokenCard ICO token distribution bug (171 points, 127 comments)
    6. Ethereum right now (102 points, 5 comments)
    7. The #2 reason to be invested in Ethereum (93 points, 26 comments)
    8. Thank you MEW ( MyEtherWallet ) (88 points, 32 comments)
    9. We were not joking. (88 points, 10 comments)
    10. Which burden do you want to carry: Going to PoS with an anti-Ethereum hacker holding (1)5 % of the Ethers? Or having an anti-principle fork in the history of the network which prevented exactly that? (80 points, 95 comments)
  4. 2114 points, 24 submissions: Mr_Yukon_C
    1. Me watching the ETH price rebound today! (199 points, 27 comments)
    2. Is it time for this yet? LOL (183 points, 20 comments)
    3. Bitcoin desperation -- spamming Ethereum's Geth github repo -- see the messages for yourself (163 points, 44 comments)
    4. Vitalik: "I expect future net inflation will eventually go slightly negative once there's a high volume of transactions on the network." (133 points, 44 comments)
    5. Vitalik on PoS/Casper -- "our current approach...is actually going quite well." (121 points, 23 comments)
    6. Vitalik addresses Vlad's tweet about reducing the block reward by a factor of 4 (110 points, 28 comments)
    7. Tezos red flags! (97 points, 81 comments)
    8. MarketWatch - Bitcoin rival Ethereum is making a comeback (78 points, 14 comments)
    9. Must be getting close to the bottom -- extreme negative sentiment. (78 points, 104 comments)
    10. Devcon3: venue will be in Cancun in November! (77 points, 36 comments)
  5. 1528 points, 13 submissions: nanomind
    1. x - post : I am stepping down as a moderator of btc and exiting the bitcoin community and entering the Ethereum community. (280 points, 104 comments)
    2. Billionaire says he has 10% of his money in Bitcoin, Ether and Blockchain tech (214 points, 85 comments)
    3. The United Nations Just Completed Its First Large-Scale Ethereum Test (197 points, 19 comments)
    4. Ethereum Google Searches Spike to an All-Time High (130 points, 16 comments)
    5. Bitcoin Has “Lost the Innovation of the Future” Says Balaji (128 points, 45 comments)
    6. The Insanity and Brilliance at Ethereum’s Developer Conference (113 points, 18 comments)
    7. More Banks Are Signing Up for ING's Ethereum Oil Trading Test (96 points, 23 comments)
    8. Ethereum: The not-Bitcoin cryptocurrency that could help replace Uber (74 points, 32 comments)
    9. Op-Ed: Are Businesses Ditching Bitcoin for Ethereum? - CryptoCoinsNews (66 points, 7 comments)
    10. Ethereum Prediction Market Project Gnosis Sets ICO Launch Date (63 points, 36 comments)
  6. 1450 points, 2 submissions: Harry_Specter
    1. [Daily Discussion] - 28/Ap2017 - Daily Discussion Unlimited (1076 points, 3588 comments)
    2. [Daily Discussion] - 21/Ap2017 - USER HOSTED (374 points, 891 comments)
  7. 1399 points, 16 submissions: econoar
    1. Santander Vies to Become First Bank to Issue Cash on Blockchain using Public Ethereum Chain (179 points, 68 comments)
    2. DAO hard fork proposal by Gavin Wood (121 points, 76 comments)
    3. DAO rescue hotfix (soft fork) released. (119 points, 67 comments)
    4. Coinbase VP Tells Forbes that Ethereum will be available for purchase on its retail site Coinbase.com this month. (118 points, 46 comments)
    5. ShapeShift raises $10.4mn in VC funding, plans to build an exchange using smart contracts (116 points, 17 comments)
    6. AmBanker: Brendan Eich (Co-Founder of Mozilla) is launching an ICO on Ethereum (112 points, 42 comments)
    7. Never forget (78 points, 28 comments)
    8. RBS testing Ethereum as a Clearing and Settlement Mechanism, willing to use public chain if transaction speeds and some other criteria are met (76 points, 13 comments)
    9. 50% of today's ETH volume is on fiat pairs. Keep it up! (74 points, 5 comments)
    10. JP Morgan looking to use Ethereum for data privacy (66 points, 3 comments)
  8. 1361 points, 17 submissions: BeerBellyFatAss
    1. Here's Why Microsoft, JP Morgan Chase And These Entrepreneurs Are All-In On Ethereum (185 points, 36 comments)
    2. Broadridge, J.P. Morgan, Northern Trust and Banco Santander Successfully Complete Pilot of Blockchain-Based Proxy Vote Solution (146 points, 23 comments)
    3. Ethereum Stole the Show at Microsoft's New York City Demo Day (142 points, 22 comments)
    4. This video should be stickied on Ethtrader as it gives new investors/traders a synopsis of what Ethereum is about. Upvote or downvote if you agree/disagree. (118 points, 11 comments)
    5. New to Ethereum - Please check out this 20 Min TED Talk - a high level overview by Don Tapscott: How the blockchain is changing money and business (82 points, 3 comments)
    6. Big Business Giants From Microsoft to J.P. Morgan Are Getting Behind Ethereum (68 points, 0 comments)
    7. Digital Currencies Show Potential To Be New Asset Class As Demand For Bitcoin Rival Ethereum Rises (64 points, 21 comments)
    8. Ethereum Research Update (60 points, 2 comments)
    9. Hyperledger, Ethereum Blockchain Projects Move Toward Cooperation, Not Competition (59 points, 0 comments)
    10. JPMorgan, Microsoft, Intel and others form new blockchain alliance (59 points, 3 comments)
  9. 1293 points, 12 submissions: ceo-of-bitcoin
    1. Bitcoin spent 2 years on stale discussion, while ETH developed amazing features. I'm 100% Flipped. (210 points, 104 comments)
    2. Andreas Antonopoulos says BTC and ETH are not in competition. Believe me, they were very much in competition when I sold all my BTC for ETH. (159 points, 80 comments)
    3. The DAO will be remembered as (1) an early experiment that blew up, OR (2) a reputation-tarnishing event. Let's hard fork and move forward. (138 points, 131 comments)
    4. Imagine this scenario (126 points, 76 comments)
    5. It's so obvious what will happen next (108 points, 68 comments)
    6. Microsoft CEO explains the success of ETH (108 points, 19 comments)
    7. The scaling debate is over. ETH won. (101 points, 45 comments)
    8. Ethereum contracts depend on Ethereum's consensus. If Ethereum declares the DAO's laws invalid, then they are. (87 points, 41 comments)
    9. Bitcoin discussion is inherently political because there is nothing genuinely interesting to talk about. ETH is the opposite. (79 points, 20 comments)
    10. Bitcoin Maximalists had the right idea, but they were 3 years too early (67 points, 8 comments)
  10. 1292 points, 10 submissions: heliumcraft
    1. Javascript Inventor: 'we need smart contracts -- Ethereum is "it"' (247 points, 31 comments)
    2. Welcome to EthTrader ! (197 points, 25 comments)
    3. Vitalik Buterin: Casper PoC3 backbone simulations: 3s block time, 1.25s avg latency + 2s avg clock offset: 1% stale rate (182 points, 44 comments)
    4. twitter: "There are more devs working on Ethereum & its ecosystem than Bitcoin. Discuss." (138 points, 23 comments)
    5. MetaMask public developer beta begins! Extension turns Chrome into an Ethereum Web3 browser! (133 points, 18 comments)
    6. twitter: "Back when the price of ETH was $4 It was stated the Ethereum foundation had enough money for 4 years of operations. It's $40 now. (109 points, 20 comments)
    7. Reminder: There is a ethtrader telegram channel (87 points, 29 comments)
    8. Jack Peterson: "if anyone's curious why REP and ETH prices are tanking today, some shithead hacked Bob Shen and dumped his ETH+REP" (79 points, 68 comments)
    9. Light Client ready to test later this week (69 points, 14 comments)
    10. Light Client ready to test later this week (51 points, 0 comments)

Top Commenters

  1. jtnichol (6731 points, 961 comments)
  2. hodlor (6582 points, 866 comments)
  3. Mr_Yukon_C (5562 points, 750 comments)
  4. myownman (4879 points, 673 comments)
  5. antiprosynthesis (4763 points, 959 comments)
  6. econoar (4389 points, 436 comments)
  7. IRefuseToGiveAName (4285 points, 600 comments)
  8. oldskool47 (4142 points, 574 comments)
  9. Nooku (3762 points, 409 comments)
  10. ethacct (3515 points, 456 comments)
  11. Happy1013 (3396 points, 375 comments)
  12. laughncow (3321 points, 513 comments)
  13. csasker (3110 points, 466 comments)
  14. ninethirtyone (3093 points, 362 comments)
  15. HandyNumber (3057 points, 527 comments)
  16. -o-o-o (3008 points, 520 comments)
  17. talkingbob (2952 points, 503 comments)
  18. Bitcoin_Schmitcoin (2762 points, 200 comments)
  19. etheryum (2756 points, 459 comments)
  20. CommodoreHodlor (2643 points, 460 comments)
  21. earthquakequestion (2488 points, 397 comments)
  22. yayreddityay (2478 points, 304 comments)
  23. OperationNine (2330 points, 251 comments)
  24. manimoa (2242 points, 280 comments)
  25. Hiphopsince1988 (2120 points, 307 comments)

Top Submissions

  1. [Daily Discussion] - 28/Ap2017 - Daily Discussion Unlimited by Harry_Specter (1076 points, 3588 comments)
  2. Germany's Energy Giant Launches 100s of Ethereum Based Electric Cars Charging Stations by mixmaster_remailer (521 points, 103 comments)
  3. Over 200 Companies expected to join Enterprise Ethereum Alliance (EEA) over the next 2 to 3 months by yesono (508 points, 180 comments)
  4. To all Gnosis token holders. Take a seat before reading this. by Nooku (440 points, 215 comments)
  5. Fellow Etherians: when you wish you had purchased more, remember this... by mrcarner (437 points, 160 comments)
  6. Hivemind trading: For every upvote, I will long 1 ETH. For every downvotes, I will short 1 ETH. Let's do this. by Ignatius_G_Reilly (397 points, 32 comments)
  7. /ethtrader is trending! by suclearnub (383 points, 36 comments)
  8. Vitalik: "An additional 10% of the block reward starting from Metropolis will be directed to our shareholders at AXA and the Bilderberg group. This change is permanent." And more Q1 Dev developments. by scarpoochi (377 points, 75 comments)
  9. [Daily Discussion] - 21/Ap2017 - USER HOSTED by Harry_Specter (374 points, 891 comments)
  10. Companies secretly using ethereum. Blockchain analysis(an early look) by Crypt0-Bear (362 points, 133 comments)

Top Comments

  1. 261 points: insomniasexx's comment in My final margin call
  2. 182 points: deleted's comment in [Daily Discussion] - 31/Ma2017
  3. 158 points: MidnightOnMars's comment in [Daily Discussion] - 29/Ma2017
  4. 156 points: yosh579's comment in So I made a bet about an Ethereum Tattoo if it hit 75 before May or before Metropolis...
  5. 148 points: ev1501's comment in [Daily Discussion] - 28/Ap2017 - Daily Discussion Unlimited
  6. 148 points: yayreddityay's comment in [Daily Discussion] - 24/Ma2017
  7. 146 points: BitEther's comment in Over 200 Companies expected to join Enterprise Ethereum Alliance (EEA) over the next 2 to 3 months
  8. 133 points: shadesvo's comment in With Great Wealth Comes Great Responsibility
  9. 130 points: ProtectYourMind's comment in Monster support wall on GDAX
  10. 130 points: Trencheel303's comment in Fellow Etherians: when you wish you had purchased more, remember this...
Generated with BBoe's Subreddit Stats (Donate)
submitted by subreddit_stats to subreddit_stats [link] [comments]

Coindesk Most Influential + Ripple on BRD Wallet A Tale of Two Currencies: Bitcoin vs. Ven by Jacob Smith CryptoDad’s Live Q. & A. Bitcoin Basics Hour: What is a Bitcoin Wallet? The 1 Bitcoin Show- BTC opportunity in Australia! BitTaxer ... Bitcoin is still not dead -- Facebook Payments? -- Chinese Bitcoin Ebay -- Russia Ban Again

In the latest move, Blockchain, a Bitcoin wallet provider and software developer, is expected to announce on Tuesday that it has closed a roughly $30.5 million fund-raising round, led by Lightspeed Venture Partners and Wicklow Capital. The investment, raised from Blockchain’s first round of outside financing, is one of the biggest in the digital currency industry to date. LIVE: New York Times DealBook Conference – Nov. 1, 2018 November 1, 2018 CNBC CNBC Video Leave a comment MinerGate is a multicurrency mining pool with the easiest mining software, reliable 24/7 support service and helpful community at your disposal. The positive impact of Bitcoin is most clear for international money transfers. Right now, it costs nearly 8 percent of the total amount sent to transfer money around the world, largely because of ... One can hardly accuse Bitcoin of being an uncovered topic, yet the gulf between what the press and many regular people believe Bitcoin is, and what a growing critical mass of technologists believe Bitcoin is, remains enormous. In this post, I will explain why Bitcoin has so many Silicon Valley programmers and entrepreneurs all lathered up, and what I think Bitcoin’s future potential is. If you have traditional money, putting it in your wallet or in a bank is a no-brainer. But you may have to explain cash transactions of $10,000 or more to comply with anti-money laundering laws.

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Coindesk Most Influential + Ripple on BRD Wallet

The Gentleman of Crypto is a daily live broadcast that explores Bitcoin and cryptocurrency market. We discuss international topics, news updates, and future innovations in blockchain, digital ... Here in Darwin Australia I have discovered a Bitcoin opportunity for my viewers. I was in motion and it brought me crypto-connections in a town that basicall... Sources: Bitcoin: http://bitcoin.org/en/how-it-works http://bitcoin.org/en/choose-your-wallet http://bitcoin.org/en/you-need-to-know http://bitcoin.org/en/vo... THIS WEEK: ----- Coinbase, a Bitcoin Start-Up, Raises $75 Million in Vote of Confidence http://dealbook.nytimes.com/2015/01/20/coinbas... Mining Bitcoin is as easy as installing the mining software on the PC you already own and clicking start. Anyone can do this and see the money start rolling ...

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