Investing when you don't trust [that] your own judgement [lines up with popular trends]
At 37, better a little late then never, I finally understand I need to invest my money. I've read advice that "if you have expertise in a field, why not use that to inform what companies you invest in?" Here's the problem: as a tech geek / early adopter I tend to get the technical fundamentals right, but bet on the wrong horse every time. I zig just before the general population zags. I know this about myself, so it makes me question how I could trust myself to pick investments. For example, I invested a lot of time, and some of my money, on a pre-Android Linux phone and learning how to develop for it. A few months later, the first iPhone came out. Right idea, wrong timing - I missed the mobile app developer bandwagon by being too early. Of course I could have pivoted to the new platform, but rode the sinking ship instead. Plus my tightwad (now ex-)wife at the time wouldn't stand for me putting $$$ on a different smartphone so soon after "wasting" $$$ on a dud. In 2010 I thought Facebook was crazy to turn down a $24B offer from Microsoft. I predicted that people my age and younger would soon become disillusioned with the platform and might start leaving it in droves. I predicted FB would become and remain an irrelevant cesspool of sh!tposts and political memes. Plus you know, privacy concerns and all that. Well you all know how that turned out both in what did happen and how little long term effect it has had on FB's market value. In 2009 (post crash) I supported / encouraged my (now ex-)wife at the time in buying our first house, because I envisioned that entities able to buy up properties for cash, such as (foreign) investment firms and rental companies were going to soon start out-competing individuals for houses on the market. I think I thought the concerning half of every trend over 2010-2020 was going to take place in 2009-2011. That didn't happen (then), and when we wanted to move the house failed to sell; she still lives in it. I was aware of Bitcoin from early on. I could have easily mined it when it was still energy efficient to do so on a PC (and I had a collection of powerful PCs for the time), but I thought it was foolishness and didn't want any part of it. It's like that episode of King of the Hill where Peggy figures out that by following Bill around as he shops and seeing what he buys she can know what to invest in because Bill is such an "everyman." Except in my case maybe you should pass on the things I pick for myself.
https://federationofglobalmerchants.com/2020/08/14/gold-and-silver-where-do-they-go-from-here/ Investors know by now that one of the leading indicators of an unstable and unpredictable stock market is a surge in the price of precious metals like gold and silver. In February, amidst the COVID-19 pandemic, the markets officially entered a recession, even though just months later several of the major indices have reached all-time highs. It was a brief dip into recessionary territory, but this sort of volatility is what gives investors hesitation in putting their money into the stock market, rather than something that is perceived to be more stable. Gold future contracts are selling well above $2000 per ounce for the rest of 2020 and well into 2021 as well showing that investors are confident that gold will continue to rise in price. Silver is also surging reaching new all-time highs on a daily basis. So investors may be curious as to how to get into this red-hot market, especially as the markets continue to fluctuate. Gold: For centuries now gold has been literally the ‘gold-standard’ of currency and wealth. Dating back all the way to around 40,000 B.C. in Spanish caves, gold is a naturally occurring element that has both fascinated and lured people for as long as barter systems and wealth has been recorded. Currently, gold is enjoying its highest valuations in history as investors flock to the stability of the precious metal through various streams. So what is the allure of gold and why is it so stable? Warren Buffett once said, “Gold is a way of going long on fear.” That is quite a statement from perhaps the greatest investment mind of our generation. But what does this mean for the novice investor? Even the most successful blue-chip stocks can crash. Obviously the more prominent and profitable companies with mega market caps will not crash as easily as smaller companies, but given the volatility of the pandemic, we can see anything happen. But as stock markets fluctuate on a daily basis, the price of gold remains mostly stoic. Not as manipulatable as stock prices, gold is as steady as it gets for investors. What makes gold so stable? It is a combination of factors, first and foremost, it is a physical and tangible element which makes it possible for people to store and stockpile. It does not corrode or wear down over time, making it durable and ensuring that the value remains. There is also a finite supply of it in the world. This reinforces that it will always keep a certain level of valuation as the supply is kept in check. Today, as the Federal Reserve tries desperately to pump money into the American economy to stave off a global recession and keep companies afloat. Printing more American dollars helps in the interim, but it is a temporary band-aid for the bigger problem. As more of the dollar gets created the more it gets devalued as a form of currency. This is another reason why gold is skyrocketing. The two valuations always work inversely to each other, so as the greenback continues to plummet, the price of gold will continue to surge which makes perfect sense if one thinks about it. The value of gold is priced in American dollars per ounce, so if the value of an American dollar retreats, the cost of gold will rise in response. So how can investors take advantage of the current state of gold? In the age of internet investing, there are plenty of ways to invest in gold or anything in that matter. Most American platforms give inventors the ability to buy fractional shares of companies. While this comes in handy for expensive stocks like Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOGL), or Tesla (NASDAQ:TSLA), it also allows investors to diversify their funds across multiple companies to form a basket approach to an industry. There are also plenty of ETFs or Exchange Traded Funds, available for investors to consider. These funds have the diversification of a mutual fund or index fund, but trade like individual stocks. Here’s a few of the better gold ETFs to consider if you are looking to get into the industry:
IAU – iShares Gold Trust: One of the better known gold ETFs out there, iSHARES is a reputable brand with great overall market performance. The fund has returned over 17% to inventors already this year, and with the price of gold projected to continue to rise, this fund should keep delivering for investors into next year.
DGL – Invesco DB Gold Fund: Another well known and reputable ETF, the Invesco Gold Fund has slightly higher fees than iSHARES but has also had a slightly better return so far this year.
IAUF – iShares Gold Strategy ETF: Another iSHARES ETF, this one has parts of IAU, as well as gold futures contracts, to get a long term forecast of the price of gold so the investor gets exposure to a wider range of gold options.
There are dozens of other ETFs available for investors that cover everything from miners to the finished products. Mining company stocks are another great way to get exposure. As the demand for gold increases, these mining companies should see a rise in their revenues and eventually, their profits as well. These changes will be reflected in their stock prices and we have already seen some of this already this year.
ABX – Barrick Gold: One of the largest gold mining companies in the world, this Canadian company has seen healthy gains in their stock price so far in 2020. Over the last 52 weeks, Barrick investors have enjoyed a 131% increase in stock price. With mining projects ongoing in Canada, America, Australia, South America, and Africa, Barrick has already announced that it is on track to achieve guidance this year despite closures from COVID-19.
FNV – Franco-Nevada Gold: This stock price rose almost 15% in July alone. Franco-Nevada operates as a funding company to gold mining companies, rather than actually doing the mining themselves. Sustainalytics, a guidance and analysis company, rated Franco-Nevada number one amongst 104 precious metal companies.
NEM – Newmont Goldcorp: The largest gold stock by market-cap and the only stock to trade on the S&P 500, Newmont is probably the safest company for gold investors to invest in. On top of steady returns and low volatility in the stock price, the company pays a fairly healthy dividend as well.
With gold at all-time highs, we can begin to question how high the precious metal may go. With a second wave of the coronavirus making its way around some parts of the world, and America, still making its way through their initial wave, the uncertainty that exists in today’s markets may continue into 2021. Some Wall Street analysts have forecast gold to rise as high as $10,000 per ounce, but that seems like a little ambitious. Gold has just recently hit all-time highs at $2000 per ounce and to imagine that it can run up another 500% in the next few years seems far-fetched at this point in time. That would require the markets to enter an extended bear-market, which of course is possible after a decade of a bullish run, but it would also require the American dollar to continue to be further devalued. Gold is pegged to continue to rise for the rest of this year though and well into 2021. That means investors and analysts are foreseeing a further devaluation of the American greenback as well as continued volatility in the markets and economy. Is gold a safe haven? Some people believe it is, but if you are an investor that enjoys high returns over long periods of time, investing in precious metals may not be for you. Investors love the stability of gold but the returns are never astronomical, with the last few months being an exception. It helps to have a portion of your portfolio dedicated to precious metals to diversify and protect you from any sudden market corrections, but investors should not be looking at gold as a short-term way to get wealthy. Silver: The other precious metal that has been flying sky-high of recent months is silver, the eternal younger brother to gold. Mined from silver-ore, it is a highly malleable metal that was once valued higher than gold by the Ancient Egyptians. Today, it is relatively low in price per ounce compared to gold, reaching all-time highs recently of just under $30 per ounce. Silver is another stable alternative to gold, and at lower prices, it may be a little more affordable for the novice investor to jump into. Like with gold, silver has an inverse relationship to the American dollar, and to all currencies in general. Again, this is another reason why silver is hitting all-time highs right now, with silver future contracts predicting a steady rise to mirror gold, well into 2021. There is also something that Wall Street calls the gold silver ratio, which is exactly what it sounds like: the ratio of the price of gold per ounce to the price of silver per ounce. This ratio has historically moved together, which makes logical sense if both precious metals are independently moving inverse to paper currencies. Historically, the gold and silver prices do move together though as the general ratio has been in the range of 17:1 to 20:1. Silver also has numerous ways for investors to get involved in, including silver mining and production companies, as well as the ever popular silver ETFs. These Exchange Traded Funds have gained popularity amongst retail investors in recent years as a way of purchasing a diversified product as a single equity with low costs, and no trading fees if your platform allows it. Here are a few of the better performing silver ETFs that investors can look into adding to their portfolios if they are interested in the precious metal:
SLV – iShares Silver Trust: Probably one of the better known silver ETFs, this is fully backed by silver bullion and coins held in a vault. While usually fairly steady, this ETF has enjoyed a 52-week increase of 152% with much of that coming in the last few months.
SIVR – Aberdeen Standard Physical Silver Shares ETF: Very similar to SLV but with lower fees, this is an ideal fund for novice and experienced investors to get into as they start to diversify their portfolios.
DBS – Invesco DB Silver Fund: Again another stable ETF for investors to get into, and another good performing one as well. Just as with their gold ETF, Invsco focuses on silver futures contracts for this fund, so it is a nice long-term play if investors are bullish on silver.
Just as with gold, investors can get a slice of the silver pie by buying shares of silver mining companies as well. Here are a few of the top silver mining company stocks that investors can look into adding to their portfolios.
PAAS – Pan American Silver Corp.: This Canada based miner is focussed on the exploration, development, extraction, refining, processing, and reclamation of silver. They operate mines in Peru, Mexico, Bolivia, and are developing more as well for the future.
WPM – Wheaton Precious Metals: Another Canadian based company that deals with miners of gold, silver, palladium, and cobalt. Wheaton is not a direct miner, rather they purchase these precious metals from other mining companies.
AG – First Majestic Silver Corp.: Canadian companies seem to be dominating the silver industry, and First Majestic is another of those. This company focuses mainly in Mexico for gold and silver.
Silver may never be as popular as gold for investors to keep track of but the two precious metals move in a synchronized fashion, and both are looked upon by investors as safe havens for their money when the market is in flux. The rest of 2020 seems like a wildcard right now, with many analysts expecting a further correction to the markets at any point. There seems to be an inevitability to a market crash of some sort, whether it is as big as the one that happened back in February and March, remains to be seen. Investors are looking at the precious metal industry to hold their funds to wait out any sort of correction or crash. If this does happen, we may expect a pullback in precious metals too as investors selloff to get back into some stocks at their low levels. Such is the ebb and flow of the economy during turbulent times like the current one we are in. At the same time, what if a market correction does not happen? Will the uncertainty continue or will investors feel relatively secure in the way the markets are progressing? This could cause a reduction in the demand for silver and gold, culminating in lower prices in the future. Of course this also depends on the Federal Reserve diminishing their rate of printing paper currency to bailout the economy, which does not seem like a reality in the short-term at least. Another point of contention for investors is the ongoing economical and political tensions between China and America. The two world powers have been feuding for the past couple of months over various things, but it escalated as China social media app Tik Tok gained popularity in North America. It was alleged that TikTok was sending data and information from mobile phones back to China, though nobody is sure of their intended use of this data. Regardless, the markets have stumbled several times lately because of this. Both sides have threatened economic sanctions and the banning of certain product use in each country. The prices of silver and gold have shot up as the tensions have escalated between the two governments, as investors flock to the precious metals. Many of the biggest companies on the major stock indices rely on China for materials or production, so any sort of breakdown in supply chains could cause an enormous change to their stock prices. An example of this is a sudden 5% correction in the price of Apple (NASDAQ:AAPL), as it was thought that iPhone sales would decline if China’s chat platform WeChat was banned in America. There are other factors that may have an effect on gold and silver prices as well. In this modern economy, many of the retail investors have trended towards younger adults with a sudden influx of income. Popular platforms such as Robinhood combined with increased time at home during the quarantine, have caused retail investor usage to skyrocket during the pandemic. Many of these investors are more lured in by the shiny new objects of cryptocurrencies like Bitcoin. Perhaps we will start thinking of these cryptocurrencies as a modern day version of precious metals one day, as many investors and some analysts, believe that Bitcoin may be a safe haven in the future. Already, the price of Bitcoin has risen above $12,000 in August, mirroring the highs of gold and silver. If the demand for Bitcoin rises higher than the demand for precious metals, we may see an investor migration to cryptocurrencies rather than tangible metals. Conclusion: Gold and silver are staples of our global economy, and will continue to be so as long as the demand for precious metals exists. In times of uncertainty, gold and silver are viewed as safe relative to the volatility of the stock market. Sure, their prices can vary as well, but because they are tied to a less dynamic valuation that is based on an inverse relation to paper currency, their prices will not and can not fluctuate as much as the liquidity of individual stocks. As long as the world remains in flux, there will be a general feeling of instability, especially for global markets. A second wave of COVID-19 in the third or fourth quarter of 2020 could prove to be enough to push the markets over the edge and into another recession. The bull market has been rallying for over a decade now, with astronomical gains over the last few years, especially for sectors like the big tech FAANG stocks. Another factor to consider is what a Biden government could bring to the world if he is elected over President Donald Trump in October. A new government could ease some of the tensions with China, as well as within America itself. These are all big what ifs, and could all have potential impacts on the economy and the world. As long as all of these factors are up in the air, investors will be looking to gold and silver as ways of stabilizing their portfolios and protecting their finances from a potential market crash in the future.
!!!Coinomi SCAM!!! - support took all the money from my wallet. And now my posts are being deleted without any explanation!!!
Please help me get my money back!!! https://preview.redd.it/0dfm3emxu8551.jpg?width=591&format=pjpg&auto=webp&s=4345d1ad02e69e322a8630853995d67e7a6f4c31 My previous post was deleted, so I had to make a new one. I just want to get my money back and show people what a danger it can be if you keep your Coinomi. https://preview.redd.it/dnmtzpeou8551.png?width=659&format=png&auto=webp&s=a13c91b991a01934d072e36ee3ec0f2a19138f16 https://preview.redd.it/tf8r0peou8551.png?width=673&format=png&auto=webp&s=bacc92d9db191297c71f7606d60b6831d29fc986 https://reddit.com/link/ha0wzx/video/4kftskk5u8551/player "Hi, everybody. I had some shocking news. Last Thursday (11.06), I woke up in the morning and found that my savings were no longer in my wallet. A transaction was made in an unknown direction that I did not do myself. When the last savings from my friends came to my wallet, at the same time, another operation was made to withdraw almost all my[ bitcoins. The next day I started investigating. My Coinomi wallet was installed only on my iPhone and only I used it myself. Sometimes I was sent payment for my work, from my friends. All transactions are mine, friends can confirm (there are screenshots of all operations). No one but me knew my written words (seed). I wrote them out on a piece of paper and kept them out of the reach of other people. As a result of my research, I remembered that I could show my words to the support service. When I first wanted to make a transaction, I didn't remember the code that I needed to send bitcoins. I used Face-ID to log in to my wallet, so I couldn't send bitcoins to another wallet. Then two weeks before the incident occurred, I contacted support to deal with this issue and I remember (I have a picture of this message, I will leave it below) I was showing my words (seed) to support as I needed to restore the owl wallet. One word I wrote down incorrectly, then I couldn't log in to my Coinomi. Support helped me to suggest this word and I continued to use my wallet, and two weeks later all my savings disappeared. Therefore, I am sure that the support does not want to return my stolen funds to me, since I only showed them my secret words to restore my wallet. I am ignored and my friends also can't get the truth out of support. I'm trying to use all my friends to help me get my funds back. None of the support staff wants to help me in any way. My friends are blocked, and they respond to my appeal by saying that they had to change their secret words and this would not have happened. But I know it's support. Friends, I ask everyone to help me deal with this situation, because the same thing may happen to each of you. Coinomi-steal money from their customers and do not want to return it later.These damn people are stealing money from our wallets-Coinomi SCAM!!! In this message, I will also leave a link to the transaction - https://www.blockchain.com/ru/btc/address/bc1qal2y97mka53j7zesfqlt0x63vzfu0368fzd8f6 Link to the site when I contacted support from the official app - https://coinomi.freshdesk.com/support/home Also a link to the group in Telegram - https://t.me/coinomi_official These are support agents who don't want to help me:
@angelos_coinomi (screenshots with correspondence from this user in Telegram)
@fer_coinomi (screenshots of correspondence on the support site)
@brenny_coinomi (I didn't talk to this person, but I think he can also deceive people)
You can all watch where our money is now and help us get it back. Thank you all!!! Through all these links I communicated, and then I was deceived and left without my savings!!!"
I earned about 4000% more btc with my android tablet than with a $250 ASIC mini rig setup using GekkoScience Newpac USB miners!
Requirements: 1.) Android Device with access to Google Play Store. *I haven't tried yet but you may be able to use tis on Android TV devces as well by sideloading. If anyone has success before I try, let me know! -Note, I did this with a Samsung Galaxy Tab S6 so its a newer more powerful device. If your android is older, your profts will most likely be less than what I earned but to give a projected range I also tested on my Raspberry Pi 4 running a custom LineageOS rom that doesn't allow the OS to make full use of the Pi's specs and I still got 500 h/s on that with Cloud boost, so about 60% of what my Tab 6 with MUCH Higher Specs does. **Hey guys. Before I get started i just wanted to be clear about one thing. Yes I have seen those scammy posts sharing "miracle" boosts and fixes. I have a hard time believing stuff online anymore. But this is honestly real. Ill attach photos and explain the whole story and process below. Thanks for taking the time to read and feel free to share any thoughts, concerns, tips, etc* So last week I finally got started with my first mini rig type mining build. I started getting into crypto about a year ago and it has taken me a long time to even grasp half of the projects out there but its been fun thus far! Anyways my rig was 2 GekkoScience Newpac USB miners, a Moonlander USB miner to pair with an FPGA i already had mining, a 10 port 60W 3.0 USB hub and 2 usb fans. The Newpacs actually are hashing at a combined 280 g/s which is actually better than their reported max hash rate when overclocked. Pleasant surpise and they are simple!! I just wanted to get a moonlander because my fpga already mines on Odocrypt for DGB and I just wanted to experience Scrypt mining and help build the DGB project. The Newpacs are mining BTC though. After I got everything up and running i checked my payout daily average after 1 week. I averaged .01 a day TOTAL between all three miners with them all perforing ABOVE SPEC!!! I had done research so i knew I wouldnt earn much. More than anything i just wanted to learn. But still. I was kinda surprised in a negative way. Yesterday I actually earned less than .01 Frustrated I went back to scouring the web for new ideas. About a year ago, when II was starting, I saw an app on my iphone called CryptoBrowser that claimed to mine btc on your phone without actually using phone resources using a method of cloud mining. I tried it for a week and quit because I earned like .03 after a ton of use and seemed scammy. Plus my iphone actually would get very hot when doing this so I quit using it as it seemed like a possible scam with all the cryptonight browser mining hacks and malware out there. Anyways I was on my Galaxy Tab S6 and saw that CryptoBrowser released a "PRO" edition for 3.99 on Google Play. I bought it for Sh*ts and giggles and booted it up. It came with what they called "Cloud Boost" Essentially this is a button you press and it multiplys the estimated hashrate that it gives you device by the number shown on the boost button. (With the purchase of PRO you get one free x10 boost. You can purchase additional boosts to use with other android devices but those are actually pretty pricy. Another x10 boost was like $25 if i remember correctly). I played with it for about an hour to see if it actually worked like it said it would this time. To my surprise, as i was browsing, my device didnt increase in temperature AT ALL!!!!! I checked my tast manager to confirm and it was indeed true, my memory and usage barely went up. it was giving me an estimated range of 80-105 on the hashrate. Once i pushed the x10 boost button, that went to 800-1150 h/s. I switched my screen to not go to sleep, plugged it to the charge and let it run on the browser page, hashing. When you push the boost button, it runs for 3 hours at the boosted speeds. After that it goes back to normal but if you press the button again, it boosts everything again. There is no limit to how many times you use it. After checking what I earned after 24 hours, I HAD MADE .40 in BTC!!!!! I JUST EARNED OVER 4000% MORE THAN MY $280 MINING RIG EARNED ME!!!! I was blown away. Maybe this was a fluke? I did it again next day. Every 3 hours or so I would push the button again but thats all. Sure enough, .35 that day. Also, it realy BTC. I requested a payout and although it took like 12 hours for them to send me an email stating they had just sent it, I actually did recieve the state amount of BTC within 24 hours in my personal wallet. The fees to send are SUPER LOW!. Like .01 Below I will list the steps I took, along with an explanation of thier "Mining" process on Androids. Reminder, this ONLY WORKS ON ANDROIDS. Also DO NOT use cryptobrowser on a physcal laptop or desktop. I ran it on an old laptop for three days last year and it fried it. It does actually use your hardware on those platforms to mine and it is not efficnet at all as I suspect they prob steal over half of your power for themselves using the REAL RandomX protocol via browser mining which is EXTREMELY INEFFICIENT DONT TRY IT!! -----How To Do This Yourself: Cryptotab Browser states the program works on Android devices by estimating what it thinks the hashrate would be for your device specs and siimulates what you would mine in a remote server however you still earn that estimated coin amount. It is not a SHA-256 process or coin that they say is mining, rather it is XMR and they swap that and pay it out to you in BTC Bitcoin. However I know damn well my Tab S6 doesnt hash 80-105 h/s on RandomX because I have done it with a moodified XMRig module i ported to Android. I got 5 h/s a sec if I was getting any hashes at all. But thats besides the point as I still was making money. Now, when you press that cloud boost button it immediately boosts that hash rate it estimates by the number on the cloud boost. As stated above, you can purchase more boosts and gift them or use them on extra android devices that you may have. Again, they are pricey so I'm not doing that plus it would just mean that I have another device that I have to leave on and open. The boosts come in x2, x4, x6, x8 and x10 variants. Again, they have unlimited uses. Here is the link to grab yourself CryptoBrowser Pro from CryptoTab. This IS A REFERRAL LINK! This is where I benefit from doing tis tutorial. Like i said, I want to be transparent as this is not a scam but I'm also not doing this out of the love of my heart. Their referral system works in that people that use the donwload the app using your link are your stage 1 referrals. Anytime they are mining, you earn a 15% bonus. So say they mine $.30 one day. You would get paid out an additional $.045 in your own balance (it does not come out of the referred user balance fyi so no worries). Then lets say that referred miner also gets their own referrals. I would get a 10% bonus on whatever THOSE people mine. This goes on and on for like 8 tiers. Each tier the bonus percntage essential halves. So again, I stand to benefit from this but it also is stupid to not make this visible as its WAY CHEAPER, EASIER AND MORE PROFITABLE TO GET BTC USING THIS METHOD THAN IT IS USING ASICS!! THIS EARNS ALMOST AS MUCH BTC AS AN ANTMINER S7 DOES RUNNING 24/7 ONLY WITHOUT THE HUGE ELLECTRICTY BILL AND COSTS!!!!) Thats it. Again, if you have concerns, let me know or if you have suggestions, other tips, etc... mention those as well!!! https://cryptotabbrowser.com/8557319 Links to Picture Proof http://imgur.com/gallery/P13bEsB
05-24 16:54 - 'Pi app for iPhone and android' (self.Bitcoin) by /u/rchaz4450 removed from /r/Bitcoin within 0-7min
''' Hey guys came across this new crypto currencies today called Pi it’s a new crypto currencies that you can mine on your phone the first of its kind it’s fairly new but has developed a lot of popularity since it’s arrival I suggest downloading it and start mining now You will need a referral code to make a account tho So here’s mine Rchaz450 ''' Pi app for iPhone and android Go1dfish undelete link unreddit undelete link Author: rchaz4450
Chapter 0, Chapter 1, Chapters 2,3, Chapter 4 - 5.4 Chapter 6 One of the main reasons suicide is so upsetting for people is because of finances. Dying is really quite expensive from burials to funerals, to receptions; then there are the accessories that come with death: having your corpse beautified, the nice wooden bed they make to lower your body into the ground, and the cute stone head that has your date of birth, date of death, and name on it. And someone has to get paid decently for these things, as dealing with dead bodies can be troublesome for a lot of people. So these expenses add up, and when you kill yourself you tack on a slew of unexpected debts that someone will have to pay for, it just won’t be you. He chose to treat his death a little differently. At her workstation, Bell has a distinct coldness in her voice. She swivels around in her chair absent-mindedly, half- heartedly hoping that somehow an Earthly force would relieve her of these arbitrary responsibilities. She begins to space out, as So Many Details by Toro Y Moi blasts off of her Alexa. Revisiting her past life before meeting Him, she remembers always being curious about exploring the world and getting to learn more about how the human mind worked in a collective form. Their first meeting was one where she found herself unable to reign in her curiosity. Even during His prepubescent years, He was clearly the master of His own universe, figuratively, and she picked up on this immediately. They spent the entire night, until their bedtimes at least, getting to know one another. Finding and appreciating both similarities and differences right off the bat probably had a lot to do with the relationship they shared. But Bell’s existence was also necessary. Although she is blissfully unaware, her companionship with Him is what sparked His deep dive into answers for reasons of existence. She holds herself morally and emotionally liable for His suicide, consistently flashing back to the last words she said to him while he was alive: ““You never loved me, if you do this, you could have never loved me.”” Thinking aloud, startled by the sound of emotion in her own voice, “So stupid. I’m so stupid. He tells me this is His last day on Earth and I immediately tried to emotionally blackmail him. He really prepared all of us for His departure, but I was never ready to let Him go. I still am not ready, but I know He loved me and I loved Him so I will follow His final instructions. Alexa, activate Protocol Stardust.” “Searching... Protocol Stardust located. My condolences, Bell.” “Thanks Alexa but He recommended I turn down condolences. He never wanted people to be sad over His death...” “Protocol Stardust... 10% Loaded.” “I just really can’t believe it’s actually happening. I would make a bad habit of indulging with Him in His laughter when we talked about it.” “Protocol Stardust... 30% Loaded.” “I mean, who thinks like that? Who even jokes like that? To have your body cremated is one thing, but then to have your ashes spread out into space?” “Protocol Stardust... 50% Loaded.” “And then the Bastard went and accommodated Himself. Every time someone would mention the implausibility of His plan He was so calmly confident He would be able to achieve it before His last day.” “Protocol Stardust... 70% Loaded.” “Of course He succeeded. All of our fates were sealed when He talked his mom into getting him his first Raspberry Pi. He cashed out in cryptocurrency and had been living on His own time ever since, like some character out of a movie.” “Protocol Stardust... 99% Loaded.” “I miss you so much.” “Protocol Stardust Ready to Execute. Please Provide Final Voice Confirmation.” The glass finish on her iPhone X felt impossibly smooth in her palm. She chuckled to herself slightly, thinking back to when the iPhone X was first announced and how He had lost His cool that Apple stole the aesthetic from his niche YouTube channel to market the new phone. She knew no one would believe Him, but she genuinely did. She was right to, because maybe they did, but now it seemed like an even greater injustice against His reality that she didn’t fight harder. It wouldn’t have been what He wanted anyway. She positions her phone's camera to catch enough of her facial profile to utilize Face ID. Gently tapping the screen with her thumb, as if to nudge the device awake, the screen glows bright yellow with the custom parallax wallpaper He had designed for her. The text was placed perfect center, reading out ‘“DEATH IS ARTIFICIAL”, with a 1 px fill line striking through the circle of letters, highlighting a hidden message: ‘”DEATH IS ART’”. Chapter 7 “I can’t believe this shit.” “Honey, relax. You know He’ll make you whole.” “Please don’t refer to Him and holes in the same sentence.” “You're being immature. I know it’s still touchy.” “I really didn’t think it would bother me as much as it does. I love Him but He takes it too far.” Blood recirculating into his wrists, Ohsa rubs them gently with his index and middle fingers to soothe himself, because of both the grueling discomfort he had just endured and because of his own doubts if his Friend would be okay. “Thank goodness you reminded me we were out of pesto sauce. Who knows what would’ve happened if He saw me.” “What’s that supposed to mean?” “It means he could’ve tied both of us up and left us here.” “Oh.” “This is the last time I go through this: I was down with the orgy but as soon as He got close to me my senses were completely overwhelmed. His words felt like silk flowing into my ears, and the way He smelled – my God His smell,” “...You said you had felt like you had become a different person.” Catching herself she resumes, “Yes but no. Now that I think about it, it wasn’t that I was a different person. I was still me, completely me, rolling me, but He was just purely irresistible in that moment. Whoever slept with Him, though, was not the woman that loves you.” “How do I know you’re not lying?” “Because I’m trying to communicate with you about it, as opposed to shifting blame. Listen honey, He fucked the shit out of me in the middle of an orgy of people. I can’t stand here and pretend like it didn’t happen or I didn’t enjoy it or I had been so drugged up I didn’t know what I was doing. But when it happened it did, and I was there.” “What the fuck. I can’t think about this right now. What the hell happened out there? I felt two separate explosions while I was tied up.” “He destroyed the elevator shaft and the entire left side of the hallway, including part of the door to the stairway. My Twitter Moments feed is saying at least 4 SWAT officers are reported to be in critical condition.” “What is He thinking?! How is killing cops supposed to help His cool down??” “Don’t you think He’s been acting a little too wild lately?” “I’ve seen Him comeback from worse, honestly.” “Worse than a killing spree?” “No, I meant drug-wise.” “Was He high when you saw him?” “He was definitely on the comedown. I don’t think He was actively stoned but he wasn’t entirely sober, either.” “Well, regardless he was clear-headed enough to stay ahead of the cops.” “Cops are fucking idiots.” Chapter 8 We never know what the future is until we get there. We like to imagine it as augmented reality everywhere, digital on top of reality, seamlessly intertwined together, persisting without being invasive. The truth is, the future is now. All time, past, present, and future, all exist tangentially and concurrently to each other. The 2008 American Recession hit Bell’s parents where it mattered the most: Their bank accounts. It hit at the least opportune time, right as they were preparing to make a class transition from poverty-level to lower middle class. Not only was their savings obliterated, but their morale too. Maybe this spiritual blow was exactly what she needed, maybe it was another unnecessary inconvenience that came with simply trying to exist as a human, but earlier that year she had her first meeting with Him. Even as children, Him and Bell always had a special connection. Everyone around them could see as clear as day, that these two were in love, even before they knew it for themselves. Almost a year ago to the day, He had made a discovery. Bitcoin was going to crash, and it was going to crash hard. It was clearly being inflated by whales who were egging on spectators but He correctly assumed that the dramatic rise had gotten way too out of hand for anyone to control. Come end of November under the guise of Christmas spirit he traded all of his leftover Team Fortress 2 hats, convincing other players to complete trades in crypto, tricking those who were ignorant to the true value of BTC. He had already amassed a sizeable enough wallet during His early mining days but that extra week of trading is what took him from safety to comfort. In literally the exact moment the BTC exchange rate was estimated at $20,500 for one coin, he cashed in his entire wallet of 14,634.14163414 Bitcoin, becoming a multi-millionaire overnight, having earned a net worth just shy of $300 Million USD. He excitedly made his first phone call of the night reaching out to Bell. “Hey Siri, call Bell.” “Calling Bell – Mobile” “Hey, what’s up?” “Not too much. What’s up with you?” “Oh nothing, just getting ready for bed. I have work early in the afternoon tomorrow but I want to try to get to the gym in the morning. The only way I won’t be exhausted is if I go to sleep now.” “Yeah, that's cool. Hypothetically, yeah, if your time wasn’t filled up with working a menial job, what would you do?” “Honestly I’d love to finish getting my Graduate’s degree, maybe go back to China. I loved my time in Undergrad but it was so tough that I really needed a break. It’s just been so jarring to me how difficult it’s been to get back into academia now that I’m in the real world, you know?” “OK.” “What’s up with you? Got some exciting plans for the night? You always have crazy shenanigans under your belt.” “I swear it just happens to me by accident, but yeah. I’m planning on blowing someone’s mind tonight.” “Ooh lucky them! What’re you gonna do? A surprise visit? Or buy them a gift? Or is it a secret?” “It won’t be a secret much longer, I just wanted you to know first.” “Know what first?” “I’m filthy rich Bell.” “What?” “I’m sitting on a few hundred million dollars.” “WHAT?” “What country are you from?” “What?” Getting comfortable with his Samuel L. Jackson impersonation, he raises his tone: “’What’ ain’t no country I ever heard of! They speak English in ‘What’?!” Familiar with the reference but still reeling from the news, Bell plays right into his prank. “...What?” “English motherfucker! Do you speak it?!” “Yes!” “Then you know what I’m saying?” “Yes!” Getting as far as he needed to with the joke, he lets out a boisterous hearty laugh and continues the conversation, back to his usual austere speaking voice. “Relax, love. Quit your job. Enroll in any school you want. Find a new apartment. Order a mani-pedi to a five star hotel, and then stand up your appointment to go to the casino. Your old life is over.” Thumb to screen, end call. Before the Phone app can finish spelling out “call ended”, he quickly double taps the home button, finding his Messages app open right behind Notes and Voice Memos. A single text to Bell goes out; to let her know that this is the difference, this is what separates the wheat from the chaff, to let her know that she is now wheat and no longer chaff: “Painted ultrapure white walls triple coated, a high ceiling, in-wall light fixtures, foliage incorporated into the architecture, soft-close furnishings, and lastly location, location, location.” Bell takes a moment to read the text. Her mind still, but her heart beating faster, the news truly settling in for the first time. She begins to sob uncontrollably.
Okay so I have been using 3 apps on my side phone to make passive income, and today I will talk about 2 of them ( I am still waiting for the payment from the 3rd one , which isnt crypto btw, but once I get it I will make a post here!) The apps are called Electroneum and Pi Network. I noticed that Pi Network was recently shared here , so I will mostly talk about Electroneum. Electroneum is a cryptocurency and it's current value is $0.00441353 I am not sure if it is available on iphones, but download it here for android: https://play.google.com/store/apps/details?id=com.electroneum.mobile&hl=en You just create an account, set up a pin and let the miner run in the background. You don't even have to have the app open for it to work. Moreover it works for 7 days straight! So once a week you have to get on the app and click the 'mine' button again. The miner doesn't even take up power, since it does not use the processing power of the phone. It instead benchmarks the device and allocates it a hashrate that it would achieve if it were actually mining. You will then be allocated the amount of ETN you would receive if you actually mined a block. This is called cloud mining. The app acts as a wallet, and you need a minimum of 100 ETN to cashout. You can then either save your ETN in your wallet, or you can go to a site like hitbtc.com and exchange your ETN for some other crypto or USD. If you sign up using my code 8A5898 you will mine 1% more ETN. I am not sure where they ask for it ( if they do). If they do not ask for it, go to the app, click on 'more' and it should ask for it. BTW I have not used a referral code myself, so comment yours and I will pick a random one to use :D. The other app is called Pi Network. Someone already made a post on this, and I found a few mistakes. Since I have been using the app for a while and I currently have over 1k Pi, I just wanted to share my opinion on it. Ok let me preface this by saying a couple of things, so I dont get peoples hopes up.
They coin currently has no value
You cannot exchange or withdraw it for anything
I do not promise that it will explode like bitcoin, or end up being very valuable, but it costs nothing to run on my phone ; it doesn't drain battery and I find it exciting that in the future it could be a valuable currency. Pi is a new digital currency being developed by a group of Stanford PhDs. Once you open the app, you are prompted to click a mine button and that's it! You have to reclick the button once every 24 hours so you can verify that you are human. My base rate is 0.79π/h but it has increased to 2.83π/h because of the person that referred me. To get into beta you will need to a code, mine is 'Markella' , but feel free to make a chain in the comments so you can benefit from each other! From reading the white papers, they team is currently in phase 1 of 3. Phase 3 will be here at Q4 of 2019. In that phase you can exchange Pi with other cryptos and even buy things with Pi. Download it here -------- > https://minepi.com
For what I hope are obvious reasons, I don't want, and probably will never post my threat model publicly online. However, regardless of that, what I'm sure you will extrapolate from this post is that I live my life, digitally in particular, with a fairly high level threat model. This is not because I'm some super sophisticated criminal mastermind, but rather, I am at this level because I genuinely love playing around with this stuff. And I just happen to understand the importance of privacy and just how vital it is to a truly healthy society. I would like to extend a thanks to ProgressiveArchitect for the sharing of the knowledge they have done on this subreddit, /privacytoolsio, and the like. We may have never interacted, but nevertheless, your input into this community is truly interesting and extremely informative and educating. I'm sure those of you familiar with PA's setup will be able to draw some parallels with mine and their's. Thank you. I hope you all enjoy reading this write up.
I run Qubes OS on a Lenovo ThinkPad X230 laptop. Specs for it are as following: - i7-3520M - 16GB RAM - 1TB Samsung 860 Evo SSD - Qualcomm Atheros AR9285 wireless card Additionally, I used a Raspberry Pi Model 3B+ and a Pomono SPI clip to replace the stock BIOS firmware with coreboot+me_cleaner. This wasn't done out of any "real" concern for the Intel ME (though of course proprietary black-boxes like it should be avoided at all costs and not trusted), but rather for open source enthusiasm and for increased security and faster boot times than what the stock BIOS firmware allows for. On that note about the ME, I don't believe the conspiracy theories that claim that it is a state-sponsored attack method for surveillance. I believe that Intel had good intentions for improving the lives of IT professionals who need to manage hundreds, if not thousands of remote machines. However, it has proven time and time again to be insecure, and I don't need the remote management and the "features" that it provides on my machines. In Qubes, I use a combination of AppVMs and StandaloneVMs for a variety of different purposes. All VMs use PVH over HVM, except for the Mirage Unikernel Firewall, which uses PV, and the sys-net and sys-usb StandaloneVMs which have to use HVM because of PCI device passthrough. Right now most of my VMs are AppVMs, but for maintenance and compartmentalization reasons, I am considering moving more towards StandaloneVMs, despite the increase in disk space and bandwidth usage for updates. General route of from Qubes to the Internet for anonymous browsing, general private browsing, accessing Uni services, and Uni-related anonymous browsing respectively: 1. Qubes->sys-mirage-firewall->sys-vpn-wg->sys-corridor->sys-whonix->whonix-ws-15-dvm to the internet. 2. Qubes->sys-mirage-firewall->sys-vpn-wg to the Internet. 3. Qubes->sys-mirage-firewall->uni-vpn-wg to the Internet. 4. Qubes->sys-mirage-firewall->uni-vpn-wg->uni-corridor->uni-whonix->uni-anon-research to the Internet.
(Note: the VPN name is substituted in the "vpn" above. I had to remove it to comply with this subreddit's rules. It is easy to identify what VPN it is as it randomly generates a long numaric string and has fantastic support for WireGuard.)
fedora-29-minimal: Base for the minimal VMs.
fedora-29-uni-persist: Template for uni-campus and uni-home AppVMs.
crypto: A work in progress VM for handling crypto transaction using cleansed Bitcoin and Monero.
printing: Exactly as it sounds like. It is firewalled to only be able to connect to the network printer on my home network.
sys-corridor: corridor is a Tor traffic whitelisting gateway that provides network to sys-whonix. It helps to provide an additional failsafe to defend against clearnet attacks.
sys-mirage-firewall: A version of the Mirage Unikernel to act as an extremely minimal and resource light firewall. It is configured to only allow connections to the individual IP addresses my VPN's WireGuard servers as well as a select few internal IP addresses on my home network (router, home server, and Pi-Hole).
uni-corridor: See sys-corridor for description. Provides network to uni-whonix.
sys-usb: USB stack isolation VM. Uses fedora minimal now.
uni-vpn-wg: A Uni ProxyVM for my VPN.
uni-net: A ProxyVM for all Uni-related domains. Based off fedora minimal.
uni-shared: Acts as an SMB network share for uni-campus and uni-home so that the documents and emails can be accessed easily between them.
fedora-29-dvm: Default disposable Fedora VM.
whonix-ws-15-dvm: Default disposable Whonix VM. This is where I do 95% of my online browsing.
calendar: Exactly as it's named. Has a firewall rule to only allow connections to posteo.de.
nas-access: Used to access my NAS and to watch content on it.
pihole-access: Used to access my Pi-Hole through Firefox. Has a firewall rule to only allow connections to its IP address.
router-access: Used to access my router through Firefox. Has a firewall so its only able to connect to 192.168.0.1.
personal: Personal domain. Used to check personal emails, read rss feeds, stream YouTube videos, and internet banking.
repos: Local copy of my repos. Has a firewall rule to only allow connections to the site hosting my git repo.
uni-anon-resarch: Research for Uni.
uni-campus: Domain for doing Uni work on campus.
uni-home: Domain for doing Uni work at home.
uni-whonix: Seperate Whonix gateway for Uni research.
offline-archive-manager: For managing the offline archives that I burn to DVDs.
personal-archive: Exactly as it's named.
sys-whonix: Default Whonix gateway ProxyVM.
vault: For storing GPG keys and other files.
vault-dvm: DVM with no internet access. The Vault VMs use this as their DisposableVM.
work-archive: Storing work archive documents (payslips, employment information, etc).
Phone: Motorola Moto G5s running Lineage OS 16.0 Pie no G-Apps or micro-G with the following Apps: - AdAway: Open Source hosts file-based ad blocker. (Requires root.) - AFWall+: Linux iptables front end. (Requires root.) - Amaze: File manager. - andOPT: 2FA app. I like it since it can export the entries to an AES encrypted file. - AntennaPod: Podcast manager. - AnySoftKeyboard - Simple Calendar - Simple Contacts Pro - DAVx5: CalDav syncronization with my calendar on my Posteo email account. - F-Droid - Fennec F-Droid: Web Browser. Has the same Firefox addons like on Qubes minus Vim Vixen. I used the app Privacy Settings to configure the about:config. - KeePassDX: Password manager. - KISS launcher - Magisk Manager - NewPipe: YouTube app replacement. - S.Notes: Standard Notes. - OsmAnd~: Maps and navigation. - Red Moon: Blue light filter. - SELinuxModeChanger: Exactly as it sounds. (Requires root.) - Shelter: Work profile manager. - Signal: Messaging. - Vinyl Music Player: Music player. - WireGuard: VPN protocol frontend. Is configured to use my VPN account. Is setup as an always-on and connected VPN. As mentioned, I use Shelter to manage my work profile. In it I isolate the following apps: - Clover: *chan browser. - Orbot: For routing apps through Tor. Is setup as an always-on and connected VPN. - RedReader: Reddit client. - Tor Browser Over the last several years, I have started using my phone less and less and taking advantage of less of what it has got to offer. I don't check email on my device. I have no real need to browse the Internet on it outside of watching videos using NewPipe, browsing Reddit, and various *chan boards. On the Smart Phone side of things, I am considering purchasing an older used iPhone SE or 6S for use with MySudo when outside of my home as well as an iPod Touch for use on WiFi only for use inside my home. The iPhone would be kept inside of a faraday bag when I am at home and not using it. It would also be kept in the faraday bag whenever at home to avoid associating that device with my home address. The iPod Touch would be used for MySudo calls instead. Future outlook and plan for my privacy and security: To avoid as much deanonymisation of my privacy as possible, I'm only going to specify enough so that anyone reading this can get the jist of my situation in life. I am quite young (age 16 to 25) and I started along this privacy journey when I was even younger. I was never a very heavy social media user, however I did have an online presence if you looked hard enough. My name fortunately is a very common and short name, so that does help to bury information that I was not able to remove further in the vast trenches that is the Internet. On the digital side of things, I mentioned that I have a dedicated Crypto AppVM for handling crypto currency transactions using Bisq. I have setup a dedicated bank account that I have periodically been transferring money into so that I can trade crypto. Unfortunately, I do not live in the US, so being able to effectively start trades with others is more difficult. I also do not have access to a credit card masking account like privacy.com (that I absolutely would use given the ability). I plan on getting an anonymous VPS to host my own Tor exit node for better speeds and to mitigate the possibility of malicious exit nodes. The country I live in has been a proponent of absolute dragnet surveillance on all activities occurring online and in real life, though the former is far more visible on this subreddit. I will be using crypto with cleaned Bitcoin (as seen with ProgressiveArchitect's setup) for purchasing my VPN service, etc. With future hardware, to replace my aging laptop, I am very hopeful for Xen, then eventually Qubes OS getting ported to Power9. When that happens I'll be getting a Raptor Computing Blackbird as a desktop. Maybe in the future I'll get a Purism Librem laptop, but for now my corebooted X230 works perfectly for my use cases. On that note, I have successfully build the Heads firmware for the X230 and I was able to get the minimal 4MB image flashed on my laptop. I did revert it back to my coreboot setup after playing around a little with it, and unfortunately I haven't had time since to do a full, complete flash of it. On the physical/real life side of things, I plan on making use of various Trusts in order to hold assets, say to keep my name from being immediately visible on the title of my car. As of right now I am fortunate enough to have the title of my car under the name of someone who I trust. Unless I am legally required, and where there are immediate and absolute consequences, I use fake names in real life. With Uni, I am enrolled under my real name and address. This is a requirement and it is verified, so there is nothing that I can realistically do about it. As for other services, I plan on setting up a personal mailbox (PMB), etc if possible to use as a real, physical address that is associated with my real name and that is used for things like Government issued ID. In the future when I move again, I plan on renting a place in cash to try and keep my name dissociated with my real address. For those looking for reasoning on why one would want to do that, please read How to be Invisible by J.J. Luna. It's truly the Bible of physical privacy. At this stage I am just going off on a ramble, so I should cut it short here. I have just started and I live for this shit.
Hi Everyone! We are coming to the close of 2018 and whilst cryptocurrency in general has had a year of turmoil, it has been a very positive year for Electroneum and I’d like to recap on what we’ve achieved this year and reveal some of what we have planned for next year. This might end up as an epic, Tolstoy length, email so my apologies if it’s too long for you – but I feel there’s a lot to say… Firstly, let’s remember that we set out to redefine cryptocurrency altogether. Before Electroneum there were NO cryptocurrencies that were designed from the start to be widely and easily adopted. We have started to achieve the primary goal of Electroneum which is adoption. Did you know that Electroneum is the fastest growing cryptocurrency in the history of the world (I was going to say “Universe” but I really don’t know what our competitors are doing in other spiral arms of this galaxy, let alone the entire universe). Hold on! Let’s just think about that for a second! We have grown our user numbers to over 2 million holders and users of ETN in just one year. We fit the real world usage of cryptocurrency better than ANY other. Biggest (and best) community in crypto! Electroneum has done something here that’s never been achieved elsewhere. We have an enormous community of advocates. Users who are more than just users, they are passionate about what Electroneum is trying to do. A quick Google search of any cryptocurrency will find you some videos and some images, but with ETN there is an enormous following of hundreds of thousands of amazing people who are helping to make ETN a success. Electroneum has Fan Art. Think about that. A “boring” financial product with fan art! I’ve never seen any credit card fan art or banking fan art! If you are one of the passionate ETN believers and advocates, then I’d like to say a whopping THANK YOU to you for your input, no matter how small. You can (and are) changing the world. Boring Statistics? A former British Prime Minister famously quoted “There are lies, damned lies and statistics”. This is certainly true of the cryptocurrency market and as such we’ve just installed the Alexa.com (part of Amazon) certified traffic stats tool onto our website. That shows statistics for ONLY real people. You can’t fake it or exaggerate it. Did you know that if you compare the web traffic of all cryptocurrencies – we are in the top 5. If you look at active wallet numbers and actual blockchain transaction numbers, we are in the top 10 of cryptocurrencies for both. We have achieved a great deal this year, by making ETN accessible to everyone who has a smartphone. Electroneum Lead the Market 2018 has seen us launch our Instant Payment system into BETA, be the first cryptocurrency to offer a payment integration API allowing vendors to easily accept cryptocurrency for instant transactions. We are working with the community to create easy payment plugins for all the popular ecommerce software and we’ve launched a number of them including WooCommerce which enables over 3m WooCommerce sites to accept ETN with around 15 minutes of work. I can’t overstate how important this instant payment framework is to us achieving our goals. It is a huge leap forwards for cryptocurrency. We’ve seen some great vendors come on board this year and next year I am confident we will see a huge surge of vendors, once we get live on the ground in a few strategic areas. We are the first cryptocurrency to formally adopt KYC (know your customer – which now officially goes live on the 27th December). As the authorities of the world start to accept and understand cryptocurrency you will see why our early adoption of a regulatory framework is important to growth. Governments of the world fear cryptocurrency. We are giving them something to embrace. We have produced hundreds of thousands of lines of code this year. I’ve seen a lot of projects talk about valuations of crypto projects based on Github Commits (this is a place where people store their open source code). Electroneum is different to most cryptocurrencies. It has both open source blockchain code that anyone is welcome to help work on AND closed source code that runs the back end such as the app, the instant payment system, and the custodial wallet system. These are the features that are making Electroneum a success and make us a real business that corporations, governments, NGOs and institutions can feel comfortable with. The Bright Future of ETN… This year has been a year of preparing. Growing the team (not everyone in the team wants their picture on the website – we have over 30 full time employees and access to many more part time resources). MWC Sees Launch of Two or More Major Things… Last year we attended MWC (mobile world congress) as the first cryptocurrency member of the GSMA. Next February we attend again (you are going to LOVE our stand, nobody has ever done anything like it!). This time we are attending with a full product and exciting news. We launch a number of things at that show, all of which are secret for now. Two are locked in as absolutes and there are a few more than we are trying to tie in with the show! I don’t want to hint at what is coming – it’s only a couple of months before you’ll see for yourself, but it will be the base block from which we demonstrate to the business world just how usable cryptocurrency can be. Apple iOS Launch (finally!)… and Cloud Mining too! The first week of January will see our iOS app that includes cloud mining go into 100 user BETA. The second week we will release it to our 5000+ iOS testflight users (still in BETA) and (subject to testing) should be in the Apple Store by the end of January. Cloud Mining for Android Cloud mining will make the distribution of ETN much more appealing to the target audience of the unbanked. Ironically with their lower powered hardware and sporadic internet access it has been the developed world that has found it easiest to obtain some ETN. That all changes with cloud mining, where someone with the latest Samsung or iPhone will get the same value in ETN as someone with an ancient smartphone and little internet access. We can launch cloud mining for Android subject to the successful testing on Apple devices. I think it is going to be a big success and I expect to see it on Android before the MWC show in February. Blockchain As you probably know we used the Monero blockchain as a stable base for the Electroneum Blockchain when we launched. We’ve been moving away from Monero and have removed many of the privacy features of Monero during 2018. 2019 will see even more privacy removed, although we intend to keep stealth addresses, to prevent vendors (or anyone else) looking into your wallet and seeing how much ETN you have – like you can with Bitcoin and Ethereum. Some say we are not doing anything particularly different or unique with the blockchain part of our project, but the reality is that we are doing the single most important thing there is with blockchain - we are making it useable in everyday life. Credit Card Purchase of ETN & Gig Economy This week has been a particularly busy week with a few new exchanges coming on board and a launch of a very important part of our future “Gig Economy” system. You can now purchase ETN quickly and simply with a credit card at Indacoin (https://www.indacoin.com/en_GB/change/buy-electroneum-with-cardusd). We are working on others especially for the US citizens which indacoin currently does not cover. This is important as when we launch our Gig Economy website in Q1 of 2019 it will enable the unbanked of the world to join the global economy when looking for work. This is one of the major areas that we see for opening up the world to understanding the power of cryptocurrency as people in developed nations become able to purchase digital services from the people of developing nations, with no barriers. Developed nation businesses can purchase ETN with a credit card and buy software development, data entry, virtual business services, design, data research, social media management and much, much more, from a growing market of millennial entrepreneurs in the developing market. Everyone wins. You’ll see way more of this in 2019 including an e-learning system that enables those with digital skills to remotely teach others, with an ETN incentive. As I mentioned above this should be going live in Q1 – we are trying to get that live for MWC too, but I don’t want to commit 100% to that date for this project. The good news is that we have a lot of interest in it from an NGO perspective, so when we launch it I am confident it will be a really powerful force for both enablement and empowerment of individuals but also a huge catalyst for the growth and acceptance of cryptocurrency generally. The 2018 Cryptocurrency Market People have been asking me “WHY!? WHHHHYYYYYY?” to the 2018, pronounced, dip in the price of cryptocurrencies across the board and I’d like to offer you my view of the 2018 cryptocurrency market and what I believe the market will focus on in the future. The cryptocurrency markets are very new and whilst they are often compared to more mature markets, such as the equities markets, I believe there are very FEW similarities. Some people are buying and selling cryptocurrencies based on applying technical analysis, where they look at chart patterns in the historical price and volumes to try and predict the future, others are buying based on momentum, effectively following the herd and then there are the true project believers (known in the crypto industry as hodlers!) who have bought some because they believe in the long term viability and future success of the project. Don’t worry… I’m getting to my point… A lesson from Warren Buffet One of the most successful conventional traders in the world is Warren Buffet – he’s pretty good at it too, having been the richest man in the world a few times. What should we learn from him? Firstly, he’s not a huge fan of Bitcoin, in fact, he hates the stuff. Why is this and what can we learn from him? Warren hates Bitcoin because he’s a value investor, and a very good one. He doesn’t believe in chart analysis and he’s not a fan of momentum trading. He invests in PEOPLE. He invests in TEAMS and he invests in REAL THINGS. The cryptocurrency markets are largely coupled with Bitcoin. When it moves, the market moves, and at the moment it is almost entirely driven by the herd and not by people analysing VALUE. Herds are happy to run off cliffs as well as away from danger, hence the large swings (in both directions of the cryptocurrency markets). Obviously, I’m a huge fan of cryptocurrencies, so Warren and I are going to differ on some views, but I absolutely know that he would look at Electroneum in a different light to Bitcoin. We have identified and created a model for blockchain coin emissions which allows us to create a global marketing opportunity which rewards users, partners and vendors for engagement. We have spent time building products, solutions and partnerships rather than hyping them, meaning that most people are unaware of what has really been achieved in such a short time. The Electroneum team are fortunate to have considerable relationships across distribution partners, working closely with a number them throughout the planning and creation of our ecosystem. In our first year, we have developed, tested and launched a much wider set of products and partner benefits than anyone expected. We are going in to 2019 as a gateway, with a toolkit and approach that enables partners, governments and entrepreneurs to benefit from cryptocurrency; no longer is it just trading or accumulation of crypto. We stimulate every day, continual usage in the real world. We are focused on the fundamentals of traditional business, giving people what they want and helping to achieve financial inclusion and inclusivity, by creating an end to end ecosystem for everyday use of crypto, by anyone anywhere. The combination of our ecosystem, our partners and the scale of our community puts us in an incredibly strong position to achieve our goals of opening the world economy to every person, including the 1.8 billion unbanked. In short, Electroneum has an actual business behind it and is delivering REAL THINGS to REAL USERS (millions of them) via partnerships with other REAL companies. We deliver value and can show future revenue streams based on demonstrated growth. These are real life business things. We know our users and that is valuable. We have access to our users and that is valuable. We understand and can chart growth, and that is valuable. The list of differences goes on. Take a look at the metrics of some of the biggest tech “unicorns” and you’ll see they are all valued on the number of real, active USERS. The only reason they have that value is because they can communicate and monetise those users, and that is where the parallel to Electroneum becomes apparent. We have no intention of substantially monetising our user base for years to come, but we have the capability to do so – and all businesses MUST have a revenue stream or potential FUTURE revenue stream. I believe in Bitcoin, and I see it as a kind of cryptocurrency gold, but because there is so much focus on fully decentralised systems that do not know their users and are run by anonymous miners, we will find that real value investors are wary of ALL cryptocurrencies because of the mistaken impression that they are all alike. I agree that it is hard to make a purchase of Bitcoin based on fundamentals and value, because it’s not obvious where it lies. Scarcity and a belief in the project make me a Hodler, but I can’t put a ‘fair price’ on Bitcoin. Nobody can. Cryptocurrencies are evolving. Electroneum is unarguably more technically useful than Bitcoin because of its speed, accessibility and ability to scale, but that is not ENOUGH. I believe that as more REAL WORLD cryptocurrency projects evolve you will see VALUE as the main driver in the cryptocurrency markets. If a cryptocurrency project is also a conventional company with the ability to drive profits, grow larger and become a dominant brand – THEN you will see conventional investors such as Warren Buffet entering the market. I hope that cryptocurrency volatility will be reduced as cryptocurrencies start to look and feel more like regular companies, with friendly help desks, balance sheets, contractual partnerships and accountability. When is this going to happen?... it’s already started… I wish you and your family the very best Christmas or Holiday period, Richard Ells Founder & CEO, Electroneum.com
Why Decentralization is a naive dream, why BTC cannot achieve it completely, why Satoshi Nakamoto may be a Intelligence Service creation and why it all may be a good thing. Plus some warm and fuzzy philosophy at the end.
Hello everyone. I am new to reddit and have created this account to hear your thoughts on the topics that I am now going to present to you. I really like cryptocurrencies and blockchain technology as a whole, but I am increasingly disillusioned by some interesting facts that I had not thought about until now. I would love to hear from you and learn from your responses and insights. Have fun reading and all the best to you. Concretely, I want to discuss: (1) The theory that true decentralization is a naive dream because of the physical infrastructure that underlies all web-based transactions and which is being controlled by the exact elite Bitcoiners aim to disrupt. (2) All web-based protocols and also BTC run on top of hardware that is in the hands of highly centralized companies and Internet providers that collect personal data all the time. (3) BTC cannot decouple from the current financial system because the growth of the BTC-Network requires capital, which in turn favors those who possess the investment-power a.k.a. the already rich. (4) The highly unlikely theory that intelligence services neglected the danger BTC poses to the current financial systems and its masters. I want to ask how it can be possible that the entirety of intelligence services (who had an eye on the dark web from the beginning and must have known about BTC and its disruptive potential) have failed to foresee the danger it poses to the empire of the dollar and their masters?! They didn`t IMO and I`m playing with the thought that BTC has been introduced by some financial elite as a test environment to make people become accustomed to the idea of digital currencies for later introduction of crypto-dollars. It would explain the anonymity of Satoshi for once. Also, it would only make sense because you have to accustom the masses to new ideas and let them get a taste of it before you spend countless billions on resources and processes on something that has been completely unknown up to this point. Just imagine how we would have reacted if Amazon or HSBC suddenly declared that from now on they will only trade something called Crypto-dollar?! It would have resulted in a hard rejection imo and would have pushed back the introduction of cashless societies many years. But for now, let me begin by stating some obvious facts about the physical infrastructure that is needed in order to keep the interweb and the BTC-network running and why it actually serves the centralized powers most and is therefore far from decentralized.
Some people seem to forget that each and every digital transaction is still hosted by some form of hardware. Be it actual servers, undersea cables, satellites, your PC or mobile phone or the mere electricity supply coming from electricity plants, the interweb and also the bitcoin network is fundamentally relying on these essential hardware components. Let me ask you: who controls this hardware? All of this infrastructure is far from being decentralized. It is being controlled by elitist, centralized companies all wanting to maintain their power and control for the sake of future profits and influence. Prove me wrong.
Saying that BTC is decentralized is like saying that cake can be made without flour, butter and eggs (no, you cannot post a vegan recipe here). There is always a need for physical resources and the BTC network is no exception. And since this physical infrastructure is more fundamental to BTC than BTC itself and since these physical hardware components are being manufactured, controlled and tied to dollar-based industries of centralized companies BTC is essentially relying on the very systems of centralized powers it aims to decouple from. Also, this fundamental physical infrastructure upon which BTC runs is upheld not by BTC but by national currencies such as the dollar. And since it requires dollars to build, run and maintain the physical infrastructure of the BTC network it is those who posses the most dollars who have the most power over it. (more on this topic on point 4) Am I wrong here guys?! Please enlighten me.
Furthermore, when it comes to the internet internet itself, which is the digital infrastructure of the BTC network and acts as its access point, we are all relying on internet providers and PC`s themselves, which are all in the hands of multinational companies that have been proven to collect our data. Remember, the internet itself is an invention first created within large corporations and has then been adapted and refined by the military. Who controls, stores and regulates the majority of internet traffic in nuclear bunkers and high-security warehouses all around the world? Certainly not us bitcoiners. Remember, data is the new gold. Wanna connect to the BTC-Network? Sign up to a centralized internet provider and buy a PC or a mobile phone first! It`s so obvious and it has become so normal that we forget that the essential hardware needed to live out our naive dreams of decentralization is actually in the hands of highly centralized and elitist companies and individuals like Apple, Microsoft, AT&T, etc. And guess what, they are all connected to banks and the monetary system! So, when we support them by buying their products to build the infrastructure upon which we run our network of decentralized illusions we are actually paying those very institutions, which some people here want to overthrow. It`s absolutely crazy if you think about it.
Some examples. Exaggerated I know, but there`s some truth in it: „Oh yeah, let me buy the newest phone from a centralized company that collects all my data to look at my decentralized currency on a centralized app that collects my data too.“ „Oh boy, let me buy this mining rig from a centralized company with federally issued money and let me plug into the centralized electricity supply that makes me completely dependent on state controlled infrastructure in order to make a decentralized transaction on my centralized exchange that is funded by investments of banking institutions getting boners from all the countless transaction fees that arise from me trading myself into a wreck of despair.“ You cannot help but laugh at our own naivity sometimes, can you? I`m guilty of these examples myself so please don`t think that I`m picking on you. After all, I started to think more deeply about the entire topic of BTC because I screwed up myself. So, we`ve been allowed to play with cryptocurrencies so far, but do you really think the Dollar-based empire would let such a disruptive technology evolve if it didn`t benefit the current power structures in the end?
This point is actually huge. It`s about Investment power. Remember, the bitcoin network still relies on hardware components in order to run at all. These components are expensive and require a lot of maintenance. Now, who has got the most investment power and money supply to buy, run and maintain these components? The normie next door ranting on his iPhone about how he will free himself from centralized powers because it`s trendy atm? No. The tech-savy nerd trying to mine dogecoin for lulz? No. It`s the already wealthy, it`s the guys who already have the liquidity to scoop up the rising technologies of the future. After all, this is the game they`ve been playing for a long time and which has made them wealthy and powerful in the first place! And guess what they are in for? Compassion and decentralization of power? You`d be naive to think so for even the ordinary crypto-enthusiast aims to ruthlessly accumulate as much BTC in their OWN account as possible and compared to these guys we absolutely suck at it.
In terms of developing cryptographic web-based applications and secure data transmissions who do you think is most involved in such research and development? Freedom loving, open-source saints with hearts of pure gold and benevolence? Sure there are many of them and I`m truly grateful for their effort. But you`d be foolish to think that they have been spear-heading this development. It`s the military industrial complex as it has always been because they have the incentive, the resources, the infrastructure, the competition from rivaling nations, the recruitement processes and the best brains on the planet to work on these things. Also, any new patent that is submitted is being vetted by national security agencies and if it poses a threat to the nation and its socio-economic processes, its publication will be withheld until the necessary countermeasures have been taken. There has been a fungus researcher (Paul Stamets) who has developed a process to extract something of interest out of portobello mushrooms whose patent application has been removed because it posed a threat to national security (there is a Joe rogan podcast where he explained it all)! If intelligence agencies are able to detect the threat a fungus can pose how the hell could you possibly believe that a technology able to disrupt the global monopoly of the dollar goes undetected?! Especially considering that the intelligence agencies have had an eye on the dark web from the beginning. If they wanted to stop BTC`s rise they would have had the time to do so. The fact that they didn`t and the fact that the U.S. seems to want to introduce BTC and cryptographic payments to the masses makes me think really hard about the disruptive potential that we tell ourselves BTC has.
Knowing about the way power structures work and knowing about the far reach of intelligence services and global elites I must conclude that this entire crypto hype is actually allowed to happen, maybe has even been fabricated intentionally and thus decentralization is actually a catch-phrase for more centralization and an extension of power for the elites. Satoshi Nakamoto is a ghost because he does not exist and has been fabricated for the sake of this anonymous introduction of a new financial system. It`s really startling to realize this. It seems as if we are being deliberately mesmerized once again with the seeming promise of personal freedom and decentralization only to buy into and strengthen the elitist power structures that underlie this technology. One must understand that access to infrastructure, technological innovation and also the personal empowerment of the masses is a two-edged sword. Because everything that we use to improve our lives with, every new technology, every resource and behaviour is being weighed against the impact such implementation would impose onto the distribution of power in the global economy, banking institutions and multinational corporations. For example: Sure, there may already be a patent for a working long-distance hydrogen motor and a concept to produce it cost-effectively. It would seemingly improve many environmental problems and slow the greenhouse effect. But you know what? If it were to be introduced at once the Petrol industry, the petrol based automotive industry and all its connected industries and networks of power would suffer a blow that is detrimental to global economics. We all want a clean atmosphere. But guess what? Innovation MUST ALWAYS be supportive of current economic processes and global powers for if they get disrupted the very system that upholds the lives of the ordinary citizen would get disrupted too. The fact that Bitcoin is allowed to continue its rise shows me that it is actually supportive of current political and institutional powers and not as liberating as many people hope it is. So, what does this mean? It`s very simple. There is no such thing as innovation or disruption from the bottom up at this point. (Except maybe large-scale strikes and coordinated revolution) You see, global power and global economy are not separated entities. They are one and the same and in the hands of a few compared to entire human population. Thus technological advance and empowerment of the masses is not a process that is guided by ethics and benevolence but a process that is judged by whether or not it helps to maintain or improve the current power structures and economic processes that human civilization depends upon. Certainly, BTC and pseudo-decentralized networks can be an incredibly valuable tool to advance certain interests, improve many processes and to expand certain structures of influence for both elite institutions and ordinary citizens as well. It will not go away. BTC will grow and be used the masses. But remember, always remember: That, which the masses love is the best tool to control the masses as well. For they do not know that the thing they love does not belong to them completely because it is always linked to some fundamental infrastructure or resource that is controlled by others. And yet, being able to use or pay for a technology that you do not own entirely is better than not being able to use it all, isn`t it? So, what does this all mean to us crypto-enthusiasts? We must come to accept that compromises must be made. We cannot have it all. There is some amount of external, centralized control that we must become comfortable to accept. Already, the power structures that we aimed to disrupt have taken over the BTC universe. Who owns most BTC? Jup, a tiny amount of lucky fews who have had the investment potential to buy up all the nice BTC´s in the first place. Who owns the largest mining facilities and who owns the physical carrier network of cables, satellites, processors and electricity? Guess what, it`s not you, not me, nor Mr. Nakamoto. It`s the global corporations as always. Who owns and controls global data transmission infrastructure upon which blockchain protocols and the entire internet are running? Jup, not me, not you, but the same powers that we aim to disrupt. Who is most advanced in cryptographic technologies and secure data transmissions and who would be able to come up with and introduce concepts of cryptocurrencies without being shut down by the masters of the dollar? Jup, the military industrial complex in conjunction with the intelligence agencies vetting and regulating pending patents and their application. The clues just add up my fellow introverts. I cannot hide from them anymore and wanted to hear your opinion on it. But after all these disruptive ideas I wanted to end on a positive note. You see, we cannot change the fact that human civilization is a construct that demands compromise in order to function at all. We are all different in terms of our level of knowledge, personal development and ideology. I cannot have it all, nor do you. But if we make some compromises we can live together peacefully and progress to a level that benefits all of us. In terms of disruptive technologies and the advancement of human civilization we must accept that you cannot introduce something to society for which we are not ready. And in our current state of development this means that technological advancement must not disrupt global power hierarchies and socio-economic process too heavily for this is the system upon which we build our lives and upon which our wellbeing depends. And it is indeed a fragile one. Yes, I hate the excesses of corruption and manipulation that occurs in the financial sector same as you do. But I know that I cannot tear it down at once for it would harm many processes that offer me and my family much opportunity, comfort and wellbeing in the long run. Sure, our systems are flawed and even sick in some cases. Sure, people are afraid to loose power and are afraid what would happen when other people gain too much power. Thus the keeping of power over others by our leaders and elites is fundamentally an effect caused by us humans being afraid of each other. To truly advance in a liberated and unhindered pace we must first overcome the fear of each other. Because in that fear lies all our trouble. We fear to not have enough resources, we fear to loose influence and power, we fear to loose our culture through the growth of another, we fear to loose our wealth through inflation and all the while we forget that we could actually be kind to each other and cooperate in spite of it all. We fear too much and sometimes we do so for good reason. As long as this does not change and as long as we do not grow up as one human family there will always be the desire to rule, to control and to deceive those who we fear. In that regard we can actually be thankful for having all the nice technology that we have atm. We can also be thankful to be able (or to be allowed or even lured into) to use cryptocurrencies. The fact that this empowerment through technology comes with a certain degree of control and centralization may actually be a good thing. It reflects our current state of development as the human beings that we are. Always striving to advance forward, but fearful of what we or others may find. Thus we tread cautiously, making sure that we control each step that we take for we may not know where our steps lead us next. Keeping some control and power to ourselves is the trait of a fearful mind wanting to move forward towards freedom. It`s a sane reaction. In that we are all the same. Bitcoin maximalists as well as bankers. Compromise. It`s the magic word and it`s what is necessary if two fearful minds want to advance together in peace. I want to end here now and I want to thank you for your attention. I am thrilled about all the developments that are going to take place in 2019. I wish the cryptosphere nothing but the best and hope that you all may get rich both physically (or digitally rather) as well as emotionally.
[Request] DEB's of older versions for: AppList, Link Identity Editor 2, RocketBootStrap, Tweak Injector
I'm hoping someone has either all or some or even one of the older versions before the recent updates which are causing battery and heat issues on our phones for the following tweaks: AppList Link Identity Editor 2 RocketBootStrap TweakInjector The latest update combined with Electra 1.0.4 has been causing my iPhone X (and many others' phones) to heat up and drain battery like it's mining 100 bitcoin accounts!! I haven't had ANY issues with Electra until now so I'm surprised when I was hesitant to update and when I finally did, just 10 minutes later my iphone was heating up!! I tried downgrading to Electra 1.0.3 and still overheating... Also I noticed when i try to charge my phone through a computer it only charges for 5 minutes then stops charging, not sure if this has anything to do with this...
I’ve been researching privacy coins deeply and feel I’ve reached a sufficient findings to merit sharing my stance re SUMO.
By Taylor Margot. Everyone should read this! THE BASICS SUMOkoin is a fork of MONERO (XMR). XMR is a fork of Bytecoin. In my opinion, XMR is hands down the most undervalued coin in the top 15. Its hurdle is that people do not know how to price in privacy to the price of a coin yet. Once people figure out how to accurately assess the value privacy into the value of a coin, XMR, along with other privacy coins like SUMOkoin, will go parabolic. Let’s be clear about something. I am not here to argue SUMOkoin is superior to XMR. That’s not what this article is about and frankly is missing the point. I don’t find the SUMOkoin vs. XMR debate interesting. From where I stand, investing in SUMOkoin has nothing to do with SUMOkoin overtaking XMR or who has superior tech. If anything, I think the merits of XMR underline the value of SUMOkoin. What I do find interesting is return on investment (“ROI”). Imagine SUMO was an upcoming ICO. But you knew ahead of time that they had a proven product-market fit and an awesome, blue chip code base. That’s basically what you have in SUMO. Most good ICOs raise over 20mil (meaning their starting market cap is $20 mil) but after that, it’s a crapshoot. Investing in SUMO is akin to getting ICO prices but with the amount of information associated with more established coins. Let me make one more thing clear. Investing is all about information. Specifically it’s about the information imbalance between current value and the quality of your information. SUMO is highly imbalanced. The fact of the matter is that if you are interested in getting the vision and product/market fit of a $6 billion market cap coin for $20 mil, you should keep reading. If you are interested in arguing about XMR vs. SUMOkoin, I point you to this infographic Background I’m a corporate tech & IP lawyer in Silicon Valley. My practice focuses on venture capital (“VC)”) and mergers & acquisitions (“M&A”). Recently I have begun doing more IP strategy. Basically I spend all day every day reviewing cap tables, stock purchase agreements, merger agreements and patent portfolios. I’m also the CEO of a startup (Scry Chat) and have a team of three full-time engineers. I started using BTC in 2014 in conjunction with Silk Road and TOR. I recently had a minor conniption when I discovered how much BTC I handled in 2014. My 2017 has been good with IOTA at sub $0.30, POWR at $0.12, ENJIN at $0.02, REQ at $0.05, ENIGMA at $0.50, ITC (IoT Chain) and SUMO. My crypto investing philosophy is based on betting long odds. In the words of Warren Buffet, consolidate to get rich, diversify to stay rich. Or as I like to say, nobody ever got rich diversifying. That being said I STRONGLY recommend you have an IRA and/or 401(k) in place prior to venturing into crypto. But when it comes to crypto, I’d rather strike out dozens of times to have a chance at hitting a 100x home run. This approach is probably born out of working with VCs in Silicon Valley who do the same only with companies, not coins. I view myself as an aggressive VC in the cryptosphere. The Number 1 thing I’ve taken away from venture law is that it pays to get in EARLY. Did you know that the typical founder buys their shares for $0.00001 per share? So if a founder owns 5 million shares, they bought those shares for $50 total. The typical IPO goes out the door at $10-20 per share. My iPhone calculator says ERROR when it tries to divide $10/0.00001 because it runs out of screen real estate. At the time of this writing, SUMO has a Marketcap of $18 million. That is 3/10,000th or 1/3333th. Let that sink in for a minute. BCH is a fork of BTC and it has the fourth largest market cap of all cryptos. Given it’s market cap, I am positive SUMO is the best value proposition in the Privacy Coin arena at the time of this writing. * ROI MERITS OF SUMOkoin So what’s so good about SUMOkoin? Didn’t you say it was just a Monero knock-off? 1) Well, sort of. SUMO is based on CryptoNote and was conceived from a fork of Monero, with a little bit of extra privacy thrown in. It would not be wrong to think SUMO is to Litecoin as XMR is to Bitcoin. 2) Increased Privacy. Which brings us to point 2. SUMO is doing several things to increase privacy (see below). If Monero is the King of Privacy Coins, then SUMO is the Standard Bearer fighting on the front lines. Note: Monero does many of these too (though at the time of fork XMR could not). Don’t forget Monero is also 5.8 billion market cap to SUMO’s 18 million. a) RingCT. All transactions since genesis are RingCT (ring confidential transactions) and the minimum “mixin” transactions is 13 (12 plus the original transaction). This passes the threshold to statistically resist blockchain attacks. No transactions made on the SUMO blockchain can ever be traced to the actual participants. Nifty huh? Monero (3+1 mixins) is considering a community-wide fork to increase their minimum transactions to 6, 9, or 12. Not a bad market signal if you’re SUMOkoin eh? b) Sub-addresses. The wallet deploys disposable sub-addresses to conceal your real sumo wallet address even from senders (who typically would need to know your actual address to send currency). Monero also does this. 3) Fungibility aka “Digital Cash” aka Broad Use Case. “Fungibility” gets thrown about a bunch but basically it means ‘how close is this coin to cash in terms of usage?’ SUMO is one of a few cryptos that can boast true fungibility — it acts just like physical cash i.e. other people can never trace where the money came from or how many coins were transferred. MONERO will never be able to boast this because it did not start as fungible. 4) Mining Made Easy Mode. Seeing as SUMO was a fork, and not an ICO, they didn’t have to rewrite the wheel. Instead they focused on product by putting together solid fundamentals like a great wallet and a dedicated mining app. Basically anyone can mine with the most intuitive GUI mining app out there. Google “Sumo Easy Miner” – run and mine. 5) Intuitive and Secure Wallet. This shouldn’t come as a surprise, yet in this day and age, apparently it is not a prereq. They have a GUI wallet plus those unlimited sub-addresses I mentioned above. Here’s the github if you’d like to review: https://github.com/sumoprojects/SumoGUIWallet The wallet really is one of the best I have seen (ENJIN’s will be better). Clear, intuitive, idiot proof (as possible). 6) Decentralization. SUMO is botnet-proof, and therefore botnet mining resistant. When a botnet joins a mining pool, it adjusts the mining difficulty, thereby balancing the difficulty level of mining. 7) Coin Emission Scheme. SUMO’s block reward changes every 6-months as the following “Camel” distribution schema (inspired by real-world mining production like of crude oil, coal, etc. that is often slow at first, then accelerated in before decline and depletion). MONERO lacks this schema and it is significant. Camel ensures that Sumokoin won’t be a short-lived phenomena. Specifically, since Sumo is proof-of-work, not all SUMO can be mined. If it were all mined, miners would no longer be properly incentivized to contribute to the network (unless transaction fees were raised, which is how Bitcoin plans on handling when all 21 million coins have been mined, which will go poorly given that people already complain about fees). A good emission scheme is vital to viability. Compare Camel and Monero’s scheme if you must: https://github.com/sumoprojects/sumokoin/blob/mastescripts/sumokoin_camel_emission_cal.cpp vs. https://monero.stackexchange.com/questions/242/how-was-the-monero-emission-curve-chosen/247. 8) Dev Team // Locked Coins // Future Development Funds. There are lots of things that make this coin a ‘go.’ but perhaps the most overlooked in crypto is that the devs have delivered ahead of schedule. If you’re an engineer or have managed CS projects, you know how difficult hitting projected deadlines can be. These guys update github very frequently and there is a high degree of visibility. The devs have also time-locked their pre-mine in a publicly view-able wallet for years so they aren’t bailing out with a pump and dump. The dev team is based in Japan. 9) Broad Appeal. If marketed properly, SUMO has the ability to appeal to older individuals venturing into crypto due to the fungibility / similarities to cash. This is not different than XMR, and I expect it will be exploited in 2018 by all privacy coins. It could breed familiarity with new money, and new money is the future of crypto. 10) Absent from Major Exchanges. Thank god. ALL of my best investments have happened off Binance, Bittrex, Polo, GDAX, etc. Why? Because by the time a coin hits a major exchange you’re already too late. Your TOI is fucked. You’re no longer a savant. SUMO is on Cryptopia, the best jenky exchange. 11) Marketing. Which brings me to my final point – and it happens to be a weakness. SUMO has not focused on marketing. They’ve instead gathered together tech speaks for itself (or rather doesn’t). So what SUMO needs a community effort to distribute facts about SUMO’s value prop to the masses. A good example is Vert Coin. Their team is very good at disseminating information. I’m not talking about hyping a coin; I’m talking about how effectively can you spread facts about your product to the masses. To get mainstream SUMO needs something like this VertCoin post: https://np.reddit.com/vertcoin/comments/7ixkbf/vertbase_a_vertcoin_to_usd_exchange/ MARKET CAP DISCUSSION For a coin with using Monero’s tech, 20 million is minuscule. For any coin 20 mil is nothing. Some MC comparisons [as of Jan 2, 2017]:
SUMO: 18 million
ENJIN: 150 million (9x)
Enigma: 465 million (26x)
REQ: 500 million (28x)
POWR: 500 million (28x)
Monero: 5.8 billion (mental maths iz hard)
Let’s talk about market cap (“MC”) for a minute. It gets tossed around a lot but I don’t think people appreciate how important getting in as early as possible can be. Say you buy $1000 of SUMO at 20 mil MC. Things go well and 40 million new money gets poured into SUMO. Now the MC = 60 million. Your ROI is 200% (you invested $1,000 and now you have 3,000, netting 2,000). Now let’s says say you bought at 40 million instead of 20 million. $20 mill gets poured in until the MC again reaches 60 mil. Your ROI is 50% (you put in $1,000, you now have 1,500, netting 500). Remember: investing at 20 mil MC vs. 40 mil MC represents an EXTREMELY subtle shift in time of investment (“TOI”). But the difference in net profit is dramatic. the biggest factor is that your ROI multiplier is locked in at your TOI — look at the difference in the above example. 200% ROI vs. 50% ROI. That’s huge. But the difference was only 20 mil — that’s 12 hours in the crypto world. I strongly believe SUMO can and will 25x in Q1 2018 (400m MC) and 50x by Q4 2018 reach. There is ample room for a tricked out Monero clone at 1 bil MC. That’s 50x. Guess how many coins have 500 mil market caps? 58 as of this writing. 58! Have many of these coins with about ~500 mil MC have you heard of? MaidSafeCoin? Status? Decred? Veritaseum? DRAGONCHAIN ARE YOU KIDDING ME THE ROLE OF PRIVACY I want to close with a brief discussion of privacy as it relates to fundamental rights and as to crypto. 2018 will be remembered as the Year of Privacy Coins. Privacy has always been at the core of crypto. This is no coincidence. “Privacy” is the word we have attached to the concept of possessing the freedom to do as you please within the law without explaining yourself to the government or financial institution. Discussing privacy from a financial perspective is difficult because it has very deep political significance. But that is precisely why it is so valuable. Privacy is the right of billions of people not to be surveilled. We live in a world where every single transaction you do through the majority financial system is recorded, analyzed and sold — and yet where the money goes is completely opaque. Our transactions are visible from the top, but we can’t see up. Privacy coins turn that upside down. Privacy is a human right. It is the guarantor of American constitutional freedom. It is the cornerstone of freedoms of expression, association, political speech and all our other freedoms for that matter. And privacy coins are at the root of that freedom. What the internet did for freedom of information, privacy coins will do for freedom of financial transactions. POST SCRIPT: AN ENGINEER’S PERSPECTIVE Recently a well respected engineer reached out to me and had this to say about SUMO. I thought I’d share. "I’m messaging you because I came at this from a different perspective. For reference, I started investing in Sumo back when it was around $0.5 per coin. My background is in CS and Computer Engineering. I currently research in CS. When I was looking for a coin to invest in, I approached it in a completely different way from what you described in your post, I first made a list of coins with market caps < 20m, and then I removed all the coins that didn’t have active communities. Next, because of my background, I read through the code for each of the remaining coins, and picked the coins which had both frequent commits to GitHub (proving dev activity), and while more subjective, code that was well written. Sumo had both active devs, and (very) well written code. I could tell that the people behind this knew what they were doing, and so I invested. I say all of this, because I find it interesting how we seem to have very different strategies for selecting ‘winners’ but yet we both ended up finding Sumo." — Legal Disclaimer: THIS POST AND ANY SUBSEQUENT STATEMENTS BY THE AUTHOR DO NOT CONSTITUTE LEGAL OR FINANCIAL ADVICE AND IS NOT INTENDED TO BE LEGAL OR FINANCIAL ADVICE OR RELIED UPON. NO REFERENCES TO THIS POST SHALL BE CONSTRUED AS LEGAL OR FINANCIAL ADVICE. THIS POST REPRESENTS THE LONE OPINION OF A NON-SOPHISTICATED INVESTOR.
Of Wolves and Weasels - Day 145 - DOGE4DOGE - Rebuilding the Hype Machine
Hey all! GoodShibe here! One of the failures of DOGE4NASCAR -- one that, sadly, wasn't even our fault -- was that we had done all this amazing work to get attention onto us and our coin... But there was no easy, simple way for the people who found us to 'impulse buy' some Dogecoins for themselves. When we talk about Services that we need, having a fast, safe, easy, reliable way to get your hands on Dogecoins is absolutely crucial as we move forward. I know there are some options in the works, and I know that there are a few sellers on Dogemarket who are legit. But we need something fast, clean, professional - something non-threatening, something that inspires confidence for first-timers and yet, can handle volume. If that sounds like a tall order, well, it is - but that's our next step toward the moon. And the first one to figure that out, get that up and running and stable? Enjoy your profits, because you've earned them. For the entire month of June, we're going to be working hard to get our Bootstrap Economy up and running, getting Shibes to step up and help other Shibes for Dogecoins, get coins transferring amongst ourselves rather than sold on exchanges for other currencies. In order to make that work, we need to re-tool our DOGE4NASCAR hype machine. Did someone you hired do amazing work for you? Let us know in the sub! Share their creations with us! Share their info with us! Did you have an amazing experience thanks to another Shibe? Share it with us - photos, videos, you name it! Make us jealous for you! Make us want to live vicariously through you! ;D) One of the most important things we can do to help make Dogecoin truly soar is to offer items and experiences that you can ONLY buy with Dogecoin. I asked in one of my last posts if you'd pay Dogecoin to learn how to surf? That one question got me a ton of PMs! People are willing to pay Dogecoins for all sorts of experiences! Imagine getting to be on track, shaking Josh Wise's hand, wishing him luck in person, just before the race. Sitting, track-side, just a few feet away from the pit-crew - in the heart of the race itself. Would you pay for that kind of experience? Imagine getting to hang out with some talented musician Shibes and cut your first record! Or go to an exclusive, Shibe-only concert? Maybe we can get FoxFaction and some other Shibes to band together and put something together? Would you pay Dogecoins for that? Would you invest in coins to have on hand, just in case an opportunity like that popped up? We need to get fellow Shibes not just 'excited' about building our economy, but actively thinking about and searching for ways to help! The good news is that a lot of speculators and people who 'thought they were investing in something like Bitcoin' have now left the building. Which means that those cheap coins that are sitting on the market are there waiting to be bought up by Shibes. By people who will hold them and use them and tip them. I've been buying up what I can when I can (not a rich Shibe, sadly) but there's still lots left out there for the rest of you. The heart of the matter, of DOGE4DOGE, really, is this: If we can't inspire ourselves - the people most personally vested in Dogecoin's success - to make Dogecoin work as a currency, then how can we go to others and expect them to join in with us? We're a fun place and all -- and no one could ever deny it -- but we're also a currency. In order to be an actual currency, we need to be able to use our tips for more than just tipping. All those people we've sent coins to? They need to be able to see Dogecoin as something useful as well as fun. Something that, when spent, they want more of. And that's what we're working toward this month! DOGE4DOGE is about spending our time and brilliance and creativity focused entirely on us. It's about Shibes taking the power back for ourselves, putting our coins in our hands and using them. And THAT's how we're going to build the foundation for a much, much larger economy, together. But it starts here, with you, with us. Today! It's 7:34AM EST and we're at 80.57% of DOGEs found. Our Global Hashrate is seeing a huge spike right now, from ~41 to ~48 Gigahashes per second and our Difficulty is also spiking from ~634 to ~827. If you can mine, now's a great time to get out there and get some DOGEs! As always, I appreciate your support! GoodShibe DOGE4DOGE - Bootstrap Service Economy - Shibes helping Shibes for Dogecoins - Add yourself to this list in the comments! Huge ups to calyxa for taking the time put this crazy list in order and add categories. Thank you!! Cryptocurrency-related:
mojud is offering Energy Consumption Simulation for any kind of building, following most of the international regulations, including ASHRAE 90.1 (that is the most famous and used one). This includes renewable energy and energy efficiency measures.
Panda78 is offering PLC programming in Allen Bradley.
Game Tutorial - On-line and Board Games:
Chiajiaho1 is offering all forms of gaming tutorials from LoL, Dota2 to hearthstone!
Fubby2 is offering to teach League of legends for Dogecoin. "I am diamond 2 in that game which is in the top 0.35% on my server." Please PM if interested.
getjenky is offering to Duo Queue with you on League of Legends for Doge, "I'm a Platinum III player. Can't guarantee wins though, and I'd like it if we both had fun playing, I could teach you a thing or two as well."
internobang is offering to teach you to play Go (Baduk), or help to improve your game, for 299 doge an hour! (newbies up to 10 kyus in rank!)
Graphics, Video and Art - Tutorial and Service:
1923and1939 - creator and editor of the Very Much Wow Dogecoin Magazine - is offering to create incredible flyers, websites, print publications, business cards, brochures and more. Check out their work on FirstCointact.
hfn64 - creator of the What is Dogecoin? Video - is offering to edit any after effects or cinema 4d template to include the buyer's name/text request for Doge. They can also do professional sound design!
justvaow is offering to teach basic Photoshop, After Effects, Premiere and/or Sony Vegas skills.
Nicapizza is offering 3d printed things for doge. PM if interested.
dogememe is offering Norwegian lessons over skype. "I'm not a teacher but I'm a native speaker and I'm sure I can do a good job. I accept doge, or if you speak German, Greek, Mandarin or Japanese we can help each other." PM if interested.
Jnk11207 is offering to tutor in Spanish for Dogecoin.
MrGurzo is offering to give lesson in speaking Italian for Dogecoin. "I'm not a teacher but a native speaker, my level of english it's quite good".
Healdb is offering to teach a class on how to program Reddit Bots for Dogecoin! Will also design a Bot for you, if you prefer: http://bots4doge.com
poltergeistt is offering classes on cross-platform game development in Haxe
soverydoge is offering to troubleshoot CSS / HTML issues for 62,000 D/hr. "It's my full-time job, why not help the Dogeconomy in the evening hours as well?"
Writing / Editing:
1point618 is offering to help you fix up your resume for Dogecoin.
JFColeman is offering Copywriting, feature writing, anything journalism related.
NaldotheShibe is offering to provide script coverage or script consultation for doge. Can also do narration for doge (for video or books). "Mods can PM me for proof that I know what I'm doing if necessary."
RedStarDawn is offering proofreading and editing for Dogecoin - "I have proofread and edited various written works from college term papers to genealogical compilations to Master's dissertations" There is a flat rate of 7500 Doge, plus a per page fee for anything over 5 pages, to be negotiated.
the-spb is offering to tutor many people in creative writing, poetry, psychology, or most any school subject. Price 1K-5K DOGE/hr but negotiable. PM if interested.
Projects in need of your attention!
The DOGE League: This sounds like it could be a lot of fun for gaming Shibes and, especially, as we look to integrate the Twitch.tv tipbot that should be coming online soon. He seems enthusiastic but could use some help, any Shibes want to give him a hand?
DOGE4BUSINESS: ShibeShen (whom you may remember from this thread) is looking to create a store that caters to Shibes only. Buys things with Fiat but sells them ONLY in Dogecoin. He's also, specifically, asking you what you'd like to see him sell. This is a great opportunity for Shibes and a well-and-true Tycoon Doge who is willing to stick their neck out for us. Give him a moment of your time, please.
DOGE4DEGA - 2nihon needs help from organized Shibes to help with the promotional efforts at Talladega this fall! Please go join them if you can spare the time!
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