Auction Sites that Accept Bitcoin Payments by XcelPay ...

Buy/Sell/Trade Coins, Bills, and related items.

Do you have a collection gathering dust? Have some extras laying around? Post them and sell them here!

Something like OpenBazaar but for auctions like ebay? /r/Bitcoin

Something like OpenBazaar but for auctions like ebay? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Has anyone created a bitcoin auction site like ebay yet?

If it hasn't been created yet, I was thinking that this is how it would have to work since you can't get a refund on bitcions. The buyer sends the BTC to the website, and they hold it until the seller ships the item to the buyer and they log onto the website and okay the purchase saying to release the coins. However, 14 days after the buyer receives the item, if he/she has still not logged in and released the payment, then they would automatically be released to the seller. Does anything like this exist that is legitimate, or is anything in development? Thanks!
submitted by ironichaos to Bitcoin [link] [comments]

an eBay Like Marketplace and Auction Site for Bitcoins

an eBay Like Marketplace and Auction Site for Bitcoins submitted by duetschpire to Bitcoin [link] [comments]

Solution Life - New payments solution

Solution Life - New payments solution
Solution Life is an open-source platform that enables to create peer-to-peer marketplace and ecommerce applications.
Solution Life aims at building a global sharing economy, allowing buyers and sellers to use segments of goods and services (car sharing, service missions, home sharing, etc.) to transact on the open, distributed source web. Using Ethereum blockchain and Interplanetary File System (IPFS), the platform and its participants can interact with the peer-to-peer model, allowing the creation and placement of services and goods without going through traditional middle parties. We plan to build a large-scale commercial network:
• Exchange financial value directly (listing, transactions and service fees) from big corporations like Airbnb, Craigslist, Postmate, ... to individual buyers and retailers.
• Exchange financial value and strategic value (internal aggregation of customer and transaction data) from similar corporations to entire ecosystems
• Create new financial value for market participants who contribute to platform development (e.g. building new technology for the Solution Life platform, developing new vertical products and introducing new users and businesses)
• Build the open, distributed, and shared data layer to promote transparency and collaboration
• Allow the buyers and sellers in the world to transact without difficulty in converting currencies or tariffs
• Promote personal freedom by not allowing a corporation or central government to impose arbitrary and overly conventional rules of business operation. To conduct these ambitious goals, we created the Solution Life Platform with programs that encourage technologists, businesses and consumers to build, contribute, and expand the ecosystem. We plan to build a broad collection of vertical industry applications (e.g. short vacation rental, free software engineering, tutoring) built on standards and data sharing Solution Life. When writing this article, the Solution Life platform is currently in Mainnet Beta. Platform Version 1.0 is expected to be activated in Quarter 3/2020. While the majority of engineering work is being done by the core engineering team, we expect future developments, after launching platform 1.0 from developer, will come to open source community members Together, we will create the Internet economy of the future.
Details of Whitepaper:
• Why is a new model of peer to peer trading necessary?
• Benefits proposed on the Solution Life Platform
• Product strategy, main features and technical overview
• Overview of the Solution Life team and community
Since the appearance of the Internet, the digital marketplace has connected buyers and sellers of goods and services, allowing transactions that have never happened before. Craigslist launched in 1995 and dominated for many years in local and regional commerce. At the same time, eBay began to grow and create a whole new category of sales based on auction, creating a more efficient way of doing market business. Through 20 years of rapid change, many businesses on the Internet market in both B2C and B2B types have developed strongly. Currently, sharing economy markets such as Airbnb, Uber, Getaround, Fiverr and TaskRmus have been very successful in combining buyers and sellers of the sharing economy. Now, the use of distributed assets can be sold as easily as atomic items, and people around the world are exchanging their excess inventory, time, and skills for profit. New markets including the Gig economy, the service sector and the use of segment assets are particularly suitable to be basis for peer-to-peer systems built on blockchain. Most of the shared economic enterprises have some common points. Firstly, as a collection, these companies have made a big impact on the world. Consumers of the markets were able to improve their lives with access to products and services that they didn't have before. Vendors have been using these platforms to reach customers on a larger and easier scale than before. Each market creates a "private home" for consumers and suppliers to transact together, creating liquidity for that market. Secondly, most sharing economic enterprises follow the same growth cycle. Without a few exceptions, these famous markets are difficult to launch and grow. Enterprises in the market often have to start building with millions of dollars, and in terms of Uber and Airbnb, these two businesses spend billions of dollars to scale. That is also the reason why these businesses suffered serious losses in the early days. In fact, the corporation is subsidizing the use of marketplace for its users. However, due to the very positive cross-network effect, successful marketplace businesses can increase revenue exponentially over time, usually by charging a fee per transaction on the network. Network-effect enterprises, such as share economy market, are often enterprises occupying all directions and growing stage, gaining a disproportionate value from the network for corporation’s management and their shareholders. In many ways, they become the only dictator on the scale they achieve. Finally, although there are huge differences in user experience, business mechanics, and vertical specific features among companies on the Internet market, they all share many parts built and rebuild many times. Lyft, Postmate, and DoorDash themselves has designed their own solutions for user and supplier profiles, shopping experiences, matching algorithms, reviews, and ratings. This is proprietary technology that is valuable on one side. On the other hand, chasing useless things each time creates a new market vertically wasted time and effort. Consumers also create and manage dozens of accounts on these market enterprises themselves, each with their own personal data and transaction history.
In the last few years, blockchain technology innovators and investors have called teams to build peer-topeer versions of businesses in the current sharing economy and to trade the Internet in a more efficient way. P2P lodging sites like Airbnb have already begun to transform the lodging industry by making a public market in private housing. However, adoption may be limited by concerns about safety and security (guests) and property damage (hosts). By enabling a secure, tamper-proof system for managing digital credentials and reputation, we believe blockchain could help accelerate the adoption of P2P lodging and generate.” - Goldman Sachs Research (Blockchain: Putting Theory into Practice) Don Tapscott, the author of the "Blockchain Revolution", said that Bitcoin-based technology could be used to promote the interest in Uber and Airbnb. - The Wall Street Journal "It is difficult for middle parties to achieve sustainable growth in business," [Fritz Joussen] said. "These platforms [tourism middle parties] build accessibility by spending billions of dollars on advertising, and then they generate exclusive profits based on what they have with sales and marketing. They provide great sales and marketing services. is a big brand but they make outstanding profits because they own proprietary structures. Blockchain will destroy this. "- Skift However, most of the infrastructure and transmission systems for building distributed-market applications did not exist before Solution Life was born. We aim to address the shortcomings of current market companies and are happy that we have launched the Solution Life Platform, which opens up peer-to-peer commerce with corresponding scale.
Our vision is to build and develop a free service exchange on the new Internet. In order to do this, we have to build a simulation platform of most, if not all, of the functionality of a third-party intermediary on the blockchain and other distribution systems. This is an ambitious and technologically challenging goal, but we have already completed important milestones that demonstrate our technology and the realworld applications of the project. The Solution Life platform has 3 main elements, all of which are open sources:
• Solution Life enabled end user applications
• Solution Life platform for developers
• Solution Life's application protocol
Solution Life enables end user applications The Solution Life flagship marketplace app is our consumer marketplace product that allows buyers and sellers on the network to do business. It is available today on the web at shopSolution and on both iOS and Android mobile devices.
For the past two decades, Internet marketplaces and e-commerce stores have changed the way that buyers and sellers connect, creating new opportunities for the exchange of goods and services. However, these marketplaces have always been governed by centralized companies that maintain their individual monopolies on data, transaction and other service fees, and ultimately, user choice. With blockchain and other distributed technologies beginning to hit the mainstream, the world is poised for a new wave of decentralized commerce. SLC is bringing change and innovation to the global peer-to-peer economy. We're excited by the opportunity to lower fees, increase innovation, free customer and transaction data, and decrease censorship and unnecessary regulation. We are building a platform that invites other interested parties including developers and entrepreneurs to build this technology and community with us, altogether working to create the peer-to-peer economy of tomorrow. We hope you’ll join us on this exciting journey.
The Solution Life Token (also known as SLC) is a utility token that serves multiple purposes in ensuring the health and growth of the network. The ERC20 contract is live on the Ethereum network today at:
At a high level, this token is intended to serve a number of key functions on the platform. First, the SLC is a multi-purpose incentive token that is intended to drive the behavior of end users, developers, market operators, and other ecosystem participants. Additionally, the SLC is an exchange intermediary that can be used for payments between buyers and sellers on the platform. Ultimately, it is intended that SLC will serve a vital part in future network governance. Since November 2020, the Solution Life token has been used to encourage various forms of participation from the platform's ecosystem participants. Token Solution Life is used to reward users, developers, marketplace operators and / or other participants for performing activities and services conducive to Platform development. Solution Life Rewards Solution Life is an incentive program targeted at end users on the Platform. Buyers and sellers on the platform have been able to earn SLC since our inaugural Solution Life Rewards campaign in Nov of 2020. Solution Life Rewards enables everyone to have a stake in the network. We’ve intentionally designed the program so that even novice, non-technical users can participate. With Solution Life Rewards, users can get SLC from account creation and identity verification. One of the best ways to network is through referrals. As such, end users can also earn tokens by inviting new users. This creates more confidence between the buyer and the seller. Users can also earn SLC by following Solution Life's social networking sites or promoting project news on public channels.
To encourage trading volume on our Solution Life Platform, we also offer a refund mechanism for users who purchase from reputable sellers on our network. Solution Life Commissions Encouraging marketplace developers and managers to use the Solution Life platform is essential. Therefore, we launched an advertising and promotion program, creating an integrated business model for the decentralized marketplace running on Solution Life. Merchants on Solution Life apps can promote their listings using SLCs for greater visibility on search and browse results on our preferred and partner apps. The only way to join this program is to pay with SLC. When a merchant creates a listing, they can add a commission paid in SLC to their listing. This SLC is placed on escrow in the Marketplace Smart Contract.
submitted by slctoken to u/slctoken [link] [comments]

Introducing the Gnosis Tokens (GNO and OWL)

Introducing the Gnosis Tokens (GNO and OWL)
Our first post gave a short summary of our tokens’ functionality. This post is intended to give more background and reasoning for design decisions.
Note: This post is out of date. Please see The Many Faces of an $OWL blog post for the latest on OWL use cases.
One of Bitcoin’s critical innovations was the addition of an incentive model to a peer-to-peer network protocol. Using a native currency and Proof of Work dispersion mechanism, Bitcoin rewards its workers and makes it incentive compatible for disparate parties to work together toward a common goal. In addition, using a native currency allows for protocol monetization. With SMTP for example, most work is done on the protocol layer, however all value is created on the application layer. The rapidly evolving world of cryptocurrencies has wasted no time in innovating this concept into a variety of “app” or “protocol” token models. In the initial “altcoin” stage of these models, tokens are dispensed similarly to Bitcoin and there is no unique utility within the network for these tokens. More recently, protocols with unique applications have iterated on this design with new dispersion mechanisms and uses for the coins within the protocol itself. Gnosis will follow this approach, hopefully with a few successful innovations of our own.
Building a sustainable ecosystem for token holders, participants, and application developers on a platform level cryptoeconomic system is difficult to achieve. Smart contracts are only as valuable as people’s trust in their verifiable execution. In order to achieve this trust, the code almost always needs to be made open source. Even if not made immediately open source, once deployed to the Ethereum network the bytecode can potentially be read and decompiled. Once this code is open source, it can be easily replicated and deployed with its own incentive model. Herein lies the dilemma: what incentivizes new participants to use the existing network, rather than copy the code and remove the fees (or set their own fees)?
The developing answer to this problem is network effect. We use Bitcoin and Ethereum, rather than forks of these protocols, due to the benefits provided by interoperability with other applications, services, and participants on the network. This argument extends beyond cryptoeconomics to markets and money in general. Money and markets become more useful and competitive as more people use them. eBay charges an inordinate amount of fees, however buyers and sellers still use it due to the critical mass on the platform. This network effect enables buyers to connect to sellers and vice versa for specialized products.
While network effect serves as a fundamental component driving Gnosis platform use, we believe that it’s important to take this a step further.
The Gnosis platform will be composed of three primary layers: Core, Services, and Application.
The Gnosis Layers
Layer One: Gnosis Core
The Core layer provides the foundational smart contracts for Gnosis use: event token creation and settlement, a market mechanism, oracle, and a management interface. This layer is and always will be free and open to use. Creating new markets is near zero marginal cost, and to remain competitive fees will have to approach zero. Instead of grasping at the maximum possible fees while remaining competitive, we feel that it is prudent to eliminate fees at the most basic contract level. It should be in every party’s best interest to use the existing open source and feeless contracts instead of deploying their own version.
Layer Two: Gnosis Services
The Gnosis Services layer will offer additional services on top of Gnosis Core and will use a trading fee model. These services will include a state channel implementation, new market mechanisms, stablecoin and payment processor integrations, open source template applications, application customization tools, and the oracle marketplace. More features may be introduced as deemed useful. These components are necessary for most consumer applications building on Gnosis.
State channels are a prerequisite for betting and financial applications requiring thousands or more transactions per second. Without stablecoins, market participants are subject to the volatility of the cryptocurrency which the market is denominated in and the event outcome that they are predicting. Application templates, customization tools, and advanced oracle selection will allow us to execute on our vision of lowering the barrier to entry for new prediction market based applications by at least two orders of magnitude. While some applications and participants will interact with Gnosis on the Core level, we are confident that these services will provide a compelling reason for Services level use.
Layer Three: Gnosis Applications
On top of the Services layer (or in some cases, just Gnosis Core) is the Gnosis application layer. These applications are primarily front-ends that target a particular prediction market use case and or customer segment. Some of these applications may be built by Gnosis, while others will be built by third parties. Our vision for Gnosis is to have a wide variety of prediction market applications built atop the same platform and liquidity pool. These applications will likely charge additional fees or use alternative business models such as market making, information selling, or advertising. As we’ll see in the next section on tokens, many Gnosis applications may include token holding as a core component of their business model.
Introducing the Tokens of the Realm: GNO and OWL
The token sold during the token launch is known as the Gnosis Token, or GNO. This is the only time that these tokens can be created, and therefore the total supply of GNO is fixed.
Fees, similar to those of a trading market, will be charged to participants on the Gnosis Services and Applications layers (but as a reminder, not the bare bones Core layer). These fees will initially be denominated in cryptocurrency, namely BTC or ETH. Gnosis seeks to not only create interesting software, but also a community of those interested in sharing their wisdom on Gnosis markets. To do this, we needed to create a model that lowers the barrier to entry for repeat users (e.g. having to pay BTC/ETH repeatedly). Therefore, in addition to paying this fee in BTC or ETH, Gnosis ecosystem participants will be able to pay the fee in OWL tokens.
Gnosis OWL can be used to pay platform fees on the Services layer, subsidize the fees of other participants, provide initial subsidies for markets, or for market trading. OWL will be pegged to $1 USD worth of fees. In this way, OWL acts as a coupon for $1 of use within Gnosis.
Gnosis tokens (GNO) are the generator for OWL creation. OWL can only be created via activating the utility of the Gnosis (GNO) tokens. This is done via a smart contract system. The smart contract works as follows: GNO token holders agree to “lock” their tokens in a smart contract (30–365 days). A multiplier is added for longer lock durations. The smart contract determines the user selected lock duration and applies that duration to a formula that is designed to regulate the supply of OWL tokens currently in use. Prior to locking their GNO tokens in the smart contract, users will be able to see exactly how much OWL they will receive as a result of executing the smart contract. Once users execute the contract, 30% of their OWL will be distributed for immediate use, and the remaining 70% will be distributed proportionally over the locked duration. Once the lock duration expires, the locked GNO ceases to generate OWL and the GNO becomes freely transferable by the holder. There is no limit (other than duration) for how many times GNO tokens may be used to create OWL.
How Can Gnosis Remain Viable if Participants Choose Not to Pay in OWL?
A core value proposition of Gnosis (and decentralization) is to guarantee future characteristics of platforms to both users and developers without relying on the trustworthiness of an operating company. In order to do this, elements including fee rates, must be codified into the software itself. It is expected that OWL will be the overwhelmingly predominant method for paying fees in the Gnosis ecosystem. In the unexpected event that this is not true, and users are paying in BTC or ETH, the platform may become vulnerable to low-fee copycats or potentially even illegal forks of the Gnosis codebase.
These alternative platforms may logically cause erosion of the Gnosis userbase, subsequently triggering justified loss of developer confidence that their created markets and applications will remain viable on Gnosis. In order to avoid this scenario, we designed a fee-reduction mechanism to bolster competitiveness of the Gnosis platform. The result is added confidence for developers and partners that Gnosis is the infrastructure they should be building markets on.
NOTE: It is unlikely that this mechanism will be used as game theory and expectations point to users predominantly paying fees in OWL. In the event this mechanism is triggered, we expect the occurrence to be extremely rare.
Two core requirements for the mechanism is that it is both decentralized and costly. The mechanism must be costly in order to eliminate spam or manipulation. The core functionality of the mechanism is as follows: All fees paid in BTC/ETH/Tokens go to an auction contract outside the control of the Gnosis team. If fees exist in the auction contract, any GNO token holder can submit a bid, bidding their held GNO against some amount of fees contained in the auction contract. If the bid is accepted, the GNO will then enter the auction contract and the user will receive the fees specified. When the user’s GNO enters the auction contract, the fee reduction mechanism will be triggered causing a reduction in fees on Gnosis proportional to the total amount of GNO held in this auction contract. The auction contract is one-way and GNO cannot leave this wallet.
Examples of GNO and OWL Utility
Let’s take a look at several example uses for OWL:
  1. Alice is a Gnosis user who also holds GNO tokens. She locks down a portion of her Gnosis tokens for a year period. Every day she receives some OWL tokens. She uses these OWL tokens to pay her trading fees.
  2. BobBets seeks to build a sports betting application on Gnosis. BobBets purchases Gnosis tokens during the token launch. BobBets locks these tokens to create OWL. When BobBets creates markets, they also deposit a portion of OWL to the market to subsidize fees for their users.
  3. Claire likes to ask interesting questions. Markets on Gnosis must be provided with an initial subsidy to create shares. Claire funds these markets using OWL, and the platform matches (to a certain level) her OWL! Claire gets better answers to her questions because there is larger incentive for participants to provide insights.
We believe our dual token and Core/Services model is optimal to encourage adoption of the Gnosis platform. Adoption should be everyone’s number one goal toward the success of Gnosis as it both increases liquidity (leading to better odds, and encouraging a feedback loop leading to more reliable predictions) and awareness. By having the Gnosis Core layer fee free and with a pay once model by purchasing GNO for the Gnosis Services and Application layers, we can remain incentive compatible for all participants in the system.
IMPORTANT INFORMATION GNO tokens are functional utility tokens within the Gnosis platform. GNO tokens are not securities. GNO tokens are non-refundable. GNO tokens are not for speculative investment. No promises of future performance or value are or will be made with respect to GNO, including no promise of inherent value, no promise of continuing payments, and no guarantee that GNO will hold any particular value. GNO tokens are not participation in the Company and GNO tokens hold no rights in said company. GNO tokens are sold as a functional good and all proceeds received by Company may be spent freely by Company absent any conditions. GNO tokens are intended for experts in dealing with cryptographic tokens and blockchain-based software systems.
submitted by ensluck to Owltoken [link] [comments]

Cryptothrift and Bitify

Anyone heard much about these lately? It's like everyone stopped discussing them all at once 5 years ago. Internet search, Reddit search, lots of info on the online marketplaces similar to EBay, then almost no information at all. I was just trying to find an auction site for selling some electronics and household goods for Bitcoin and while Bitify is still up there seems little info about it. Very conflicting when I do find anything. I find it very odd there is no current subreddit for either.
submitted by LeoT829p to Bitcoin [link] [comments]

Where can I find live tracking of paper gold versus physical?

There used to be a website, I think it was DIDTHECOLLAPSEHAPPEN.COM
It tracked the price decoupling of physical gold in the major Chinese gold market against the NYC paper gold price IN REAL TIME.
There was a horizontal graph, the prices pinned slightly to the left and right of the center, representative of the price divergence.
I can't find the site now, even on Ironic considering that this is the time that the site was built for, and it's a very specific circumstance!
Does anyone know of a way I can compare paper versus physical in real time? I've just been looking at eBay versus the paper prices.
It looks like eBay prices are $72/gram and $1850/oz and quickly rising. It was just last month I saw auctions closing for $1650/oz.
I've been BEGGING my family members to buy in now, just like I did with Bitcoin at $1000, but mostly they're stalling.
The markets are pretty much decoupling, with gold contracts for delivery taking forever or not arriving at all.
Anyone have a better way I can track the decoupling?
Or just LIVE real physical prices?
Many thanks
submitted by michaelsdirenzo to Gold [link] [comments]

Needing some advice on selling casascius coin

I really wish I could holdl this coin, but vet bills are a bitch.
Anyways I have a 2013 fully funded 1 BTC casascius coin, and I am not sure what the best way to sell this collectible piece of bitcoin history. Should I just sell on Ebay (can I even?) or should I just cash out the BTC on the coin? Are there any other auction like sites that could use to maximize my profits?

Thanks in advance
Link in case you are curious what it is
submitted by Esh911 to Bitcoin [link] [comments]

2019 in Review: Community, Crime, Courtcases, Craig & Consolidation

2019 in Review: Community, Crime, Courtcases, Craig & Consolidation
2019 has been a tumultuous but amazing year for the development and advancement of blockchain technology. Following the rally to the all-time-highs at the end of 2017 and the intense infrastructure development and ongoing Bear Market of 2018 it was clear things were changing quickly. We are about to enter a new decase and the team at Aelf wanted to look back at 2019 and reflect on some of the events that occurred over the last year to see where the industry might be headed in 2020.
Although the year has been considered a continuation of the 2018 bear market, it didn’t stop development, progression and a myriad of crazy events from occurring. This included the challenges associated with global regulations, the upcoming Bitcoin halving event in May 2020, announcement of the Facebook Libra and Telegram Open Network’s (TON) launch delay. This year also saw a myriad of debacles from self-proclaimed Bitcoin creator Craig Wright, the Justin Sun and Warren Buffet lunch situation, the recent claim of Twitter CEO Jack Dorsey’s goal to modify Twitter into a decentralized version of the platform, and President Trump’s Bitcoin statement, among others. Now let’s examine more of what took place during 2019 as we approach the start of the New Year in 2020.
The SEC, Telegram, Facebook Libra, Kik and Blockchain’s Global Regulatory Environment
Many of the world’s governments have been harsh towards blockchain technology in recent years. Particularly, the US Government and the Securities and Exchange Commission (SEC) have been very reluctant to ease the regulatory framework for blockchain development in the country. This has become more evident in 2019, with the SEC combatting many blockchain projects this year including the $1.7 billion-dollar token offering of the Telegram Open Network
and the Facebook Libra project. As well the SEC created controversy in a gruesome battle with Kik over its alleged illegal token offering that Kik has sworn to fight to their last breath.
Many proponents of blockchain technology accuse the SEC of unfair policies to put a stranglehold on the development on blockchain in order to prevent the devaluation of the American monetary system. The reluctance for crypto exchanges to set up shop in the US is also becoming more prevalent because of the supposedly biased and unfavourable approach of the SEC. Nevertheless, there are also several major countries including China that have for the most part embraced the advancement of blockchain technology in 2019. China has also nearly finalized the development of the digital Chinese Yuan and announced that that country is going all in on blockchain development despite its sometimes anti-Bitcoin approach.
The Bitcoin Halving Event and its Ongoing Effect on Market Conditions
With the end of 2019 nearly upon us and the upcoming Bitcoin halving event set to take place during May of 2020 the market could be overdue for a bull market of mass proportions. Remember, the last bull market that took place was 2 years ago during December 2017 and was followed by an incredible dump from the all-time-high price of 20 thousand US Dollars to just 3300 USD in December 2018. For the most part, 2018 was a blood-bath for crypto markets and 2019 has not been all that much better. The price did briefly rally up to 14 thousand US Dollars during mid 2019 but has since been reduce by half with the Bitcoin price presently at just over 7000 US Dollars. Bitcoin was designed by its original creators with code written to mitigate the negative effects of inflation. In order to curb inflation, once every 4 years (or 210,000 blocks) the mining rewards that the network automatically generates are reduced in half.
3 Additional Stories to Watch in 2020
In June, the CEO of Tron, Justin Sun purchased tickets through eBay for a charity auction to have lunch with Warren Buffet. Sun paid a record $4.56 million US Dollars in the process becoming the highest bid in the 20-year history of the event. The purpose of the lunch from Sun’s standpoint is to change Mr. Buffet’s viewpoint towards crypto and blockchain tech by inviting several blockchain industry leaders to help sway the famous investor’s perspective. Sun subsequently missed the lunch he scheduled in September because of a sudden bout with kidney stones. At this time, the community will have to wait and see when Sun and Buffet will meet in 2020. Stay tuned.
Back in December of 2015, Craig Wright claimed publicly to be the creator of Bitcoin, Satoshi Nakamoto. Most believe Wright was lying to gain more fame and recognition in the industry. On November 18th, 2018 Bitcoin SV hard forked from the Bitcoin Cash Network to create it own chain. As noted above, the disgruntled CEO of Bitcoin SV, has for years maintained he led the initial development of Bitcoin. During February 2018, Wright was the subject of a 5.118-Billion-dollar lawsuit by Dave Kleiman claiming that Wright defrauded Kleiman of Bitcoin while working on the initial development of the Bitcoin Network between 2009 and 2013. In August 2019, Wright was ordered by a court of law to pay half the 5.11 Billion in Bitcoin back to Kleiman. Throughout 2019, Wright launched lawsuits against Ethereum founder Vitalik Buterin, Bitcoin Cash’s Roger Ver and others for calling him a fraud. It seems likely Wright will continue his ongoing Satoshi rhetoric in 2020.
The CEO of Twitter, Jack Dorsey recently stated that he has hired 5 full-time employees to modify the Twitter platform and make it increasingly decentralized. This may seem like a small step initially, but this project could be expanded easily by someone of Dorsey’s reputation and wealth in the technology industry. Dorsey himself has been a long-term proponent of blockchain technology and an investor in Bitcoin. Binance CEO, Changpeng Zhao, recently offered to help Dorsey make this dream come to fruition. Additionally, Morgan Creek Capital founder Anthony Pompliano supported Dorsey’s statement noting that, “Jack Dorsey may understand the future better than any entrepreneur on the planet right now.”
This year we saw Kik, Telegram and Facebook Libra face fierce backlash from the most powerful regulatory body in the world, the SEC. We saw the Chinese government announce that they are all in on blockchain development and declare the upcoming launch of their own centralized digital Chinese Yuan. Justin Sun postponed his 4.56-million-dollar lunch with billionaire investor Warren Buffet because of health issues, while Jack Dorsey the CEO of Twitter proclaimed a more decentralized and open version of Twitter to prevent some of the abuse on the platform.
In 2019, the 4-year long Craig Wright and Satoshi Nakamoto saga continued, and we finally are moving closer to the much-anticipated Bitcoin halving event of May 2020 that could change the trajectory of the Bitcoin price for much of 2020 and 2021. It is clear 2019 has been an incredible year for the blockchain industry. With no shortage of uncertainty and scepticism in the short-term, it is likely that 2019 will pale in comparison to the developments of 2020. As we approach 2020, the industry will continue to expand towards mass adoption and the mainstream evolution of blockchain technology. Nevertheless, with the global regulatory blockchain environment evolving in many areas across the world, the uncertainty in the United States remains stronger than ever. There is no telling what will happen in this regard and what will happen with Bitcoin and this amazing revolution in 2020 and beyond.
Merry Christmas and Happy Holidays from the Aelf Blockchain team and a Happy 2020 to all our community members!! Thank You
submitted by Floris-Jan to aelfofficial [link] [comments]

Master List of Discount Gift Card Retailers

Master List of Discount Gift Card Retailers
This link-packed ebook is intended for people looking for the best-kept secrets on the web for buying bulk Amazon, Walmart, Best Buy and other national brand gift cards at the highest discounts—accounting for speed, quality, volume and risk.
Executive Summary
  1. Buy gift cards on marketplaces
  2. Buy gift cards with bitcoin
  3. Fill out online surveys for gift cards
  4. Buy directly with people online
  5. Buy directly with people offline
  6. Arbitrage gift cards on Amazon
  7. Swap other gift cards for Amazon
  8. Buy gift cards from retail stores
  9. Earn gift cards for online work
  10. Daily deals websites
Bonus Knowledge

Executive Summary

This article covers some of the many ways to buy discount gift cards. We focus a lot of attention on Amazon gift cards since they are the largest retailer in the world and has the 2nd most gift cards in circulation. We have either purchased or researched in depth most of the sites on this list to come up with some conclusions about the fastest, safest and cheapest places to buy discount gift cards. Please remember, there is no one best place to find gift cards, the goal is to give you options.
The lowest-risk gift cards with the lowest discounts are directly from that brand and at grocery stores and other retail locations (CVS, Safeway, Walgreens, etc). You will also find these 0% offers from 3rd party e-code generators like eGifter and BitPay. You can usually buy instantly and they are guaranteed forever.
Slightly higher risk are the old-school secondhand gift card exchanges like CardCash, CardPool, Raise and others. They offer very small savings up to 5% off the top brands. You can pay with a credit card and they guarantee the card for up to a full year so you can gift them as gifts much easily.
The highest discounted gift cards are on peer-to-peer bitcoin marketplaces with users from many different countries, like Paxful and LocalBitcoins. This also comes with the most risk and the highest amount of work. These platforms have lower regulation and majority of the trades are conducted in non-USD currency.
Finally, there is an emerging category of crypto gift card exchanges that also use bitcoin to offer the same discounts as peer-to-peer marketplaces, but they have more advanced protections in place for buyers and sellers. Sites like Redeeem and fall into this category because they can offer larger discounts on gift cards and other products but they use technology to cut out the negotiating. Cards are guaranteed for minutes, hours or days here, so this isn’t the best for gifting.
Your savings (and profit margins) will depend largely on your risk tolerance, length of time you are willing to get paid, country where you are located, capital available, ability to buy alternative forms of currency (like bitcoin), the ability/willingness to ship physical products, overall time commitment, and many other factors.

1. Buy gift cards on marketplaces

Redeeem. Save 15% or more on bulk Amazon, Walmart and Best Buy gift cards with auction-style pricing buying with bitcoin. They have great support and great reviews.
CardPool. Save 3-5% on hundreds of brands, including Best Buy, Target, iTunes and Lowe’s. They send the card directly to your email inbox or via USPS in 3-7 days.
CardCash. Gift card marketplace that buys unwanted gift cards for less than their value and resells them at a discount to savvy shoppers across the country. Save 3-5% on hundreds of brands, very similar to CardPool.
Gift Card Granny. This is a nice resource because they link to the sites that have the best deals, unfortunately they don’t index many of the bulk discount sites.
Raise. One of the biggest in terms of volume. Discounted gift cards to hundreds of national brands such as Target, Southwest, Uber, Home Depot, etc. However, discounts are minimal here, ranging from 0-3%.
CardCookie. A great site with great potential—currently offering 5-10% discounts but not very high volume yet. Keep them bookmarked.

2. Buy gift cards with bitcoin

Redeeem. Redeeem is a great option for buying Amazon gift cards at 20% discount or higher using bitcoin. Unlike Paxful or LocalBitcoins, they manually validate and guarantee every gift card sold on the platform and have an easier buying experience. But you will have to trade during market hours (they are only open 8 hours a day).
BitPay. Raised over $72 million from investors, they’re the largest bitcoin payment processor. Download the app to buy Amazon e-codes fast at 0% discount.
Paxful. With 300+ currencies to trade, Paxful’s peer-to-peer platform with millions of users in Africa offers likely the best discounts for gift cards, but there are a lot of scammers (and yelling) so be careful. You may find yourself with a lot of stolen/invalid cards and trade disputes with money at risk.
LocalBitcoins. LocalBitcoins lets you buy and sell bitcoin in over 248 countries. Like Paxful, this comes with high risk and high reward. Every trade starts with a listing, similar to Craigslist, and the platform is strictly peer-to-peer.
Purse. Save 10% or more on Amazon when you pay with bitcoin, or dropship products (including gift cards) to people to earn bitcoin.
CardBazaar. An online secondhand gift card marketplace where you can buy and sell unwanted gift cards for cash or bitcoin.
Bidali. A bitcoin payment processor that competes with BitPay and offers full-priced e-codes from Amazon and other retailers.
eGifter. One of the best way to buy eGift cards quickly for friends, family and yourself without hassle. Choose from hundreds of top national brands. You can personalize your gift with an animated greeting card, photo or video greeting.

3. Fill out online surveys for gift cards

Survey Junkie. offers a massive inventory of paid surveys. Each survey is assigned a point value (most between 100-200 points) and estimated completion time. Once you accrue 1,000 points (around $10) you can cash out with a gift card.
Beer Money on Reddit. This a Reddit group dedicated to making some cash on the side. Don’t know much about it.
PointClub Surveys. You can earn points for completing paid online surveys. When you have enough points, you can redeem them for cash or the gift card of your choice. Gift cards can either be digital or real cards sent to you. It's that easy!
OpinionOutpost. You can earn cash and rewards for the time you spend taking online surveys with points you can redeem for cash or gift vouchers to popular brands.

4. Buy directly with people online

Reddit. Reddit is used by a ton of gift card traders, but you have to be familiar with the platform and have some karma on there before using it seriously. Otherwise, your listings will just get filtered out by their algorithms. If you go in there moving quickly without reading their rules carefully you will likely get banned.

5. Buy directly from people offline

Craigslist. As you probably know, you can get anything on Craigslist. But like Paxful and LocalBitcoins, it requires a lot of negotiating and there are scammers galore. The only deals worth doing are small volume with trusted local partners.
Facebook Marketplace. Although this wouldn’t be my first choice due to the randomness, there are a lot of gift cards on Facebook Marketplace—a growing platform.
eBay. Older than time itself, eBay earns millions of dollars a day in gift card volume. They are fairly warm to buying and selling physical gift cards but they are cracking down on e-codes. The downsides here are shipping costs and eBay/PayPal fees which add up to over 10%. There are also a lot of international buyers on eBay taking advantage of currency exchanges, which inflates prices of gift cards above their face value. It’s an expensive place to find gift cards—but always there.

6. Arbitrage gift cards on Amazon

Amazon is unique in a lot of ways. One way in particular is that they let you buy other brands of physical gift cards with your Amazon credit balance—such as Nordstrom, Southwest, Nike, Starbucks, Google Play, iTunes, Best Buy, Lowe’s, Sephora, and dozens more.
This opens the door for people to buy gift cards on Amazon and then sell them to CardCash, CardPool, Raise, Paxful, Reddit, LocalBitcoins, Redeeem, etc. The risk, believe it or not, is that Amazon loves shutting down people’s accounts with gift card balances frozen inside. So don't let your balances get too high and try to mimic normal behavior that doesn’t make you look like a large dropshipping business (e.g. ship to yourself, buy other products too, have a real phone number and billing address on file, etc). There are also hard quantity limits on how many gift cards you can buy for each SKU on Amazon.
Your profit margin will depend on how you get Amazon credits, your ability to keep your Amazon accounts in good health, and the rate at which you sell your cards to gift card marketplaces (some let you choose your own rate, others have fixed rates), and the speed and method you want to get paid (check, ACH, bitcoin, PayPal, etc).

7. Swap other gift cards for Amazon

CardCash Amazon Exchange. This is a cool resource that CardCash built alongside Amazon to allow customers to swap out other national brands for Amazon e-codes for a small fee. The rates are comparable to what they have on the main CardCash website and the e-codes are delivered within 24 hours. It’s a cool way to jump from one brand to another if you want Amazon gift cards in particular and have another.

8. Buy gift cards from retail stores

Retail Stores. There are hundreds of physical retail store locations where you can buy physical gift cards in person (the link points to Amazon retail locations). You pay full retail price but it’s fast, safe and reliable—and you can earn 3-5% cash back with certain credit cards like Amazon Prime card.

9. Earn gift cards for online work

Mechanical Turks. Amazon Mechanical Turk (MTurk) is a crowdsourcing marketplace that makes it easier for individuals and businesses to outsource their processes and jobs. This will require a lot of work, but you can get paid in Amazon gift cards.
Swagbucks. You can redeem a Amazon Gift Cards by using the Swagbucks you earn through playing, searching, discovering, answering, watching or shopping on websites that are trying to sell you things. Not very profitable but can be fun.

10. Daily deals websites

Groupon. Although not as popular as when it first launched in 2009, Groupon is still used by millions of people to get discounts on stores, experiences and even gift cards like Amazon, Walmart and Best Buy. There is also a gift certificate category that has similar offers (sorry, we couldn’t find anything similar on Living Social).
Amazon Daily Deals. Amazon has daily deals on many categories of products as high as 20% discount. On some occasions they will slash prices on gift cards. Amazon Treasure Truck. Amazon has a Treasure Truck that they drive around many of their Whole Foods locations they use to promote Amazon Video shows and offer 10% discount deals on food, clothing and tech.
Gift Simple app, good reviews, worth a try. The discounts aren’t very spectacular, but they claim to have fast gift card delivery.
Nimble Commerce. Not sure how long they’ll be around, but worth a shot.

Bonus Knowledge

On the back of your gift cards, check all the stores where that brand is accepted. For example, gift cards for Gap also work at Old Navy, Banana Republic, Athleta and Piper Lime. Walmart gift cards work at Sam’s Club, Amazon gift cards work at Whole Foods, and Albertsons gift cards work at Safeway, Vons and a dozen other grocery store chains in the same family. Make sure you know these sister-company store policies before you buy a brand.
One limitation you may find with many stores like Amazon, Walmart and Best Buy is that they have per-product purchase limits. Obviously you can create new accounts or ask friends and family to buy products for you, but some products have gift cards under many different SKU numbers—like a Christmas and Birthday version. There are also limits set for each of these individual items, not the gift card category as a whole.
Finally, based on the U.S. government regulations, the maximum amount of gift cards that can be purchased in a 24 hour period by a single person $10,000. So please keep this in mind when you are out there shopping.
Good luck, be honest, and happy trading!
Bonus Resources
submitted by levi_d-19 to Redeeem [link] [comments]

Tron and BitTorrent (My Thoughts)

Hi all, I wanted to share my personal opinion on the Tronix and BitTorrent acquisition due to some of the comments I've seen floating around. I don't have any insider knowledge into the project, and most of what I talk about is speculative, but I think it might help provide some context to those who are not too familiar with this space.
Firstly, the comment I see most often is regarding pirated content. While torrents are widely used for illegal content, it's also used by open source companies to distribute large files and reduce their operational expenses. Yes, there may be illegal content on torrent networks, but this has nothing to do with Tron or their plan to integrate. It may be possible that it's used for something illegal, the legal aspect will likely far outweigh the illegal and it will be akin to the internet with good and bad and memes. Except this would be a distributed internet where you cannot block the memes.
If you currently use torrents, you should take a long think about what is going on. You are using a decentralized peer to peer technology to move files between potentially millions of users around the world. This is content that you are not supposed to have in many cases, yet you are allowed to download it because of decentralization, regardless of where you live. So, even though Tron's integration with BitTorrent will likely not have anything to do with pirated material, the main takeaway from the current system is that torrents have been around for over a decade and no government has been able to shut them down successfully, this plays a huge part in a uncensored web. There are already millions of users by the Tron owned companies at this point, who are used to running torrent client all day every day, now they can get paid with a software update and opting in. The barrier to entry is vastly reduced now, as this all becomes very familiar to everyone involved.
Now to why this really matters.
Bitcoin was revolutionary and allowed peer to peer payments, bypassing the current banking system. Ethereum was revolutionary for allowing the blockchain to become a stateful computer, allow immutable trust in code alone and not some fatcat at a centralized company. The issue with Ethereum is bulk data storage, which is expensive as fuck (over $1,000 per GB), so while you can arbitrarily update contract variables like names and addresses, storing bulk data is problematic.
With Tronix incorporating torrents into their platform, this allows for the storage of bulk data at a very low cost, most likely beating commercial storage providers. This opens up so many new worlds that it's hard to fathom. Let me present a few random potential uses:

1: Smart Contract Storage

Smart contracts currently need to rely on an external source for much of its data, called an Oracle. This means that transactions are very costly, and centralized. Once you are able to store bulk data on the chain, processing that data may become rather cheap due to computational power being cheap on nodes while storage is not.
Imagine there is a smart contract that is a decentralized eBay like auction site. You can sell items, and the ether can be held in escrow until items arrive. These already exist. Now, say you wanted to upload a photo for the item, you are now having to use or other means as you cannot upload directly to the blockchain. Now, you can, and it will likely cost you and/or the auction platform some minimal fees to put into the seeders pool.
Imagine the VM becomes powerful enough to perform intense computational calculations on large datasets, think Map Reduce. This isn't a current usage pattern, most people would go to amazon... But imagine if you could process a large amount of data via distributed compute and storage?
Imagine if you were a smart contract developer, and you could store or retrieve any arbitrary data from the torrent network? Not only could you store data, but you could encrypt it, and provide various means of access, whether free (big projects may not need incentive for people to seed) or incentivized.

2: Original Content

Users will be able to create their own content, whether a picture, movie, music, program, etc. Currently, you have a few choices, but mostly you put out your own website/store and hope that profits outweigh hosting costs, or you use a platform such as ITunes or ThemeForest, or ShutterStock which will take 50% of your profits but you dont have to worry.
Now, artists would be able to upload their content to the decentralized platform, offering incentives for hosting the content to average day Joe's. These incentives would come from the buyer in most cases like this, where a portion of the TRX goes to the seeders, and most of it to the creator. There will probably be numerous decentralized stores/distributors that you can join to make the process seamless.

3: User Payments

While the lines are blurry, you can imagine a model like Brave browser, which allows users to integrate digital currency into their browsing habits. Think of being able to opt-out of advertisements on YouTube by being able to pay a small fee for no ads. You can donate to your favorite bloggers, etc. You can purchase digital goods directly from the creator. You may even be able to get benefits such as 'no ads' or 'no paywall' without paying, but instead by being a seeder of that company/bloggestudios content.
Imagine there is a very important set of files that you needed to host. You have the following requirements:
In this situation, for lets say a family photo album, or scans of important documents. You could pay some rather small amount to ensure your data is distributed. I don't know the economics of this, but I imagine it would be the more you paid, the higher the availability would be and the longer it would be stored for.
In the end of the day, just think of this:
BTC Decentralized Currency
ETH Decentralized Currency + World Computer
TRX Decentralized Currency + World Computer + World Filesystem
Warning, this was all pulled out of my ass but makes sense if you look at the roadmap and understand both blockchain and torrents. Don't confine yourself to think only what you know or currently use, once money hits an ecosystem, all of the fancy interfaces come out, etc.
I am pretty excited for what lies ahead!
submitted by welcometotheregime to Tronix [link] [comments]

ILPT: How to double Paypal balance

You will need 3 Paypal accounts. Your real account and then 2 more throwaway accounts, preferably stealth accounts not connected in anyway to you. You can find out on google how to do this.
Say you have £10 and want to double 20...
You will need Account 1 (your own) Account 2 Account 3
Send your money from account 1 to account 2 on GOODS AND SERVICES. In the notes type something like ‘Nike hoodie’. (Around £10 second hand)
(If you’re wanting to do higher value, in the notes change the item to something of similar value. E.g. if doubling £300 change the notes to ‘ps4’) this makes it more believable.
On account 2, when money becomes available. Send to account 3 using FRIENDS AND FAMILY.
On account 1, after sending money to account 3 from account 2. File a claim saying you never received the ‘Nike hoodie’ or other item that matches the value of what you’re doubling.
Paypal will then credit the £10 back to account 1. Account 2 will have -£10 . Account 3 will have £10.
It is not so safe to send money from account 3 to account 1. So maybe send the money from account 3 to a pre paid card and then purchase something from an eBay auction you make yourself. Or buy bitcoin or some other alternative and then cash it back out to Paypal account 1 or don’t. You still have doubled £££
For obvious reasons account 2 and 3 ideally should be stealth accounts that can’t be traced to you.
This isn’t too much effort, but ideally best to use this only once and use for more money. Send like £100 and double it. Pointless doing £10 really.
submitted by As97raver to IllegalLifeProTips [link] [comments]

Millennials may want to read this

Just want to share something that has really worked well for me and could help alot of other people also.
I'm a young millennial. A few years back during college I made my way into investing. I realized that one of the main and only way of becoming "rich"/ creating wealth was investing whether that be in shares, business, etc. I always wanted to invest in real estate especially after hearing the statistic that 90% of millionaires are created in the real estate market. I don’t know how true that is but I liked the sound of it. However, real estate was not even an option to me at the time. So what I did was get into the antiques business, which I soon found to be very very profitable. Even the Great Scrooge McDuck was known to dabble in antiquities, so if it's good enough for him, I figured it was good enough for me!
It allowed me to pay off debt, travel and eventually obtain enough funds to invest in property, my long term goal, which is what I currently do now. Investing in antiques was my stepping stone to that goal. While the vast majority of millennials cannot invest in real estate, the antiquities market is very much accessible, and as in my case, can lead to other things. Alternative investments such as antiques, art and stamps regularly outperform shares. However, the industry is overlooked by younger people, and this I think is to our detriment. It really is an untapped gold mine.
In reality, flipping artefacts is not that much different from flipping homes. Same rules still apply, buy low, sell high and if required add a bit of value in between.
Although I'm primarily in the business of real estate now, the ROI is nothing compared to that which is possible with valuable items of the past. Occasionally I do miss the "hustle" and adrenaline of flipping something for $400 which you acquired for $30. Those are the sort of returns Wall Street can only dream of.
One of the main advantages of investing in property and antiques is that you have a physical and tangible item in your possession, unlike shares or cryptos. (Not that they're inferior or anything). You can live in a house and wear a valuable watch, but you can't eat a bitcoin is what I am trying to illustrate. Real assets like property, antiques, art, metals, oil and commodities are much more useful.
It is well known that precious metals are good investments as they hold their value well, and are one of the few relatively stable assets during bad economic times (such as recessions and depressions). This advantage can be compounded by the smart investor by acquiring items that are both antiques and precious metals at the same time. For example, a set of silver cutlery. This is valuable as an antique and also as a commodity. It’s also a very practical, useful asset in the sense that it can actually be used.
The ability to specialise in niche areas also make this form of investing much more interesting. Those with an interest in music, flip instruments. You can even buy, hold and flip fine wines from years gone by. There's something for everyone.
Like other markets, there can be risks, albeit relatively few, especially when compared to cryptocurrencies or shares. The main peril would be fakes. However, very quickly you can learn to recognise these instantly.
Just like in other markets such as shares, bitcoin, and oil there are trends. Something that not many people know (or neglect to consider) about in the industry is the influence of television and cinema. This can be highly useful in predicting and riding trends. To give a current example, there is a new Downton Abbey movie which is in the works. When it is released, the prices of antiquities from the Edwardian era will very likely rise. Buying before and selling after would net a very tidy profit. Knowing how to spot these opportunities is one of the keys to success in the industry, as with all others. In the past, this occurred in 2015 when the Great Gatsby was released, starring Leonardo Dicaprio. Shortly after, the demand for items from the "Roaring Twenties" (1920's) significantly increased, which led to higher prices and of course, a very profitable situation for savvy investors.
Another notion which could be looked into, is that fact that given enough time anything can become an antique. That means putting something away now which is next to worthless, can, with enough time end up priceless. A very extreme example, but the idea is sturdy. A scene from Indiana Jones goes something like this:
"Look at this. [holds out a pocket watch.] It's worthless. Ten dollars from a vendor in the street. But I take it, I bury it in the sand for a thousand years, it becomes the Ark. Men will kill for it. Men like you and me."
To give another current example, it would make good sense to store away items from important events, such as the Brexit movement in Britain. If in Australia, the recent same sex marriage campaign. If in the United States, Trump memorabilia would look to be a good option. Trump will have a long lasting legacy that (good or bad) will not be soon forgotten. Recognising these opportunities is very important.
A very interesting emerging market that might be worth a look at the moment, is antique tractors. These are rapidly increasing in value, with some recently selling in the hundreds of thousands at auction. If it’s within the budget, this niche is definitely one to watch. Having said that, it’s never good to enter into an industry without good knowledge of the subject first.
Finally, it has never been easier to get started. There are countless apps that are available that make the appraisal of items very easy and quick. Popular television programs like American Pickers, Pawn Stars and Antiques Roadshow are also great resources.
My hope is that this message will lead to an awakening about this form of alternative investing, so that it may inspire others (particularly my age) to get started, and potentially start getting ahead in life. I think we've had enough of being told to just save and hope for the best. When you have an entire generation that feels as if the only home they’ll ever afford is one on a monopoly board, it can be very discouraging. The buying and selling of items of value shouldn't be reserved for the elite or upper class, rather it should be seen as an opportunity to get a foothold in the buying and selling economy as a whole. The truth is, you can become a tycoon of antiquities with relatively little capital or upfront costs. A local market, thrift store or estate sale and a bit of spare change is literally all that is needed. Facebook buy-sell groups, Etsy, Craigslist and Ebay make it easier again. Adding valuable and precious artefacts to one's portfolio is in my opinion, not a bad move. Like gold and silver, they tend to hold their value decently. I genuinely believe that 2019 could be the beginning of a new gold rush... rusty gold that is.
submitted by jmentzo1 to Antiques [link] [comments]

Weekly Wrap 07/06

Market News
This week saw the second major correction in the crypto markets since Bitcoin’s May rally, with traders experiencing harsh volatility amongst choppy price action and market indecision.
Bitcoin found support near $7700 after falling precipitously from it’s $9100 local peak, and ends the week settling near $8000. Most of the top 10 followed a similar pattern, ending slightly down from last week’s highs with the exception of Litecoin, which has gone through a minor rally ending 6% up for the week at $113.
Industry News
Other News, Company Developments
One of our companies, Pocketjam has been part of the first batch of startups in the CV labs incubation program in Zug, Switzerland. The program accepted 12 startups out of 500 applications to be part of a 10-week incubation program and provides seed funding (up to $125k) and access to a network of experts and mentors to build the next generation of blockchain startups.
PocketJam will be presenting the product that they have been developing (an app that incentivizes kids to solve math problems for their pocket money) at an investor pitch session on the evening of the 24th of July at the CV labs offices.
We would like to invite any interested members of the Invictus community to attend the event. The event coincides with the Crypto Valley Blockchain Conference taking place on the 24th-26th of June. If you will be in the area and would like to attend, please contact [email protected] who can assist you with tickets.
To learn a bit more about PocketJam and what they are building, you can check out their blog or watch their promotional video.
A reminder to also make sure you sign up to the latest Invictus Education offering - a course on QTUM. Sign up here and receive $15 worth of QTUM to test for yourself!
submitted by Camaa to InvictusCapital [link] [comments]

I've heard of "eBay" type of websites where you can buy and sell with BTC. How well do you recommend earning BTC through here? And is it safe?

Important Note: I'm talking about legal markeplaces. NOT the blackmarket. I repeat, I'm not trying to break the law. Ok?
I've sold on eBay before and buy things there every now and then. So I'm quite familiar with listing and shipping things online on my own. But how different is selling with BTC than cash? And is shipping done normally? Like can I use USPS or FedEx?
However, I'd like to know your experiences or knowledge with these alternative sites.
Which outlet do you best recommend I use?
I mainly want to sell as a way of earning BTC but I know places like these usually attract the bad type of crowd, so that's the main thing I'm worried about.
I don't want to be spending my time with scammers trying to steal from me or having to worry about psychos tracking my location down to steal my bitcoins.
Obviously the things I sell are going to be legit and completly legal, which consists of mainly used or broken (I either fix it or auction the parts) electronics that I buy from people who don't want them anymore. But I don't want to get in ANY sort of trouble.
But I digress. Please post any helpful tips/suggestions especially on where to start for a noob such as my self.
submitted by Inconsequential88 to Bitcoin [link] [comments]

Weekly Wrap 07/06

Market News
This week saw the second major correction in the crypto markets since Bitcoin’s May rally, with traders experiencing harsh volatility amongst choppy price action and market indecision.
Bitcoin found support near $7700 after falling precipitously from it’s $9100 local peak, and ends the week settling near $8000. Most of the top 10 followed a similar pattern, ending slightly down from last week’s highs with the exception of Litecoin, which has gone through a minor rally ending 6% up for the week at $113.
Industry News
Other News, Company Developments
One of our companies, Pocketjam has been part of the first batch of startups in the CV labs incubation program in Zug, Switzerland. The program accepted 12 startups out of 500 applications to be part of a 10-week incubation program and provides seed funding (up to $125k) and access to a network of experts and mentors to build the next generation of blockchain startups.
PocketJam will be presenting the product that they have been developing (an app that incentivizes kids to solve math problems for their pocket money) at an investor pitch session on the evening of the 24th of July at the CV labs offices.
We would like to invite any interested members of the Invictus community to attend the event. The event coincides with the Crypto Valley Blockchain Conference taking place on the 24th-26th of June. If you will be in the area and would like to attend, please contact [email protected] who can assist you with tickets.
To learn a bit more about PocketJam and what they are building, you can check out their blog or watch their promotional video.
A reminder to also make sure you sign up to the latest Invictus Education offering - a course on QTUM. Sign up here and receive $15 worth of QTUM to test for yourself!
submitted by Camaa to cryptotwenty [link] [comments]

[PSA] Money saved = money earned? Use bitcoin to save money if you shop on amazon.

I was reading a couple threads on this subreddit and some people are taking a hit when buying gift cards with bitcoin where they only get 80% of the value of the bitcoin transferred to the gift card. People also seem to struggle converting bitcoin to cash. Here's a few things with some referral linkssorry to assist people with these issues.
For starters, egifter and gyft are pretty useful. I use them pretty often for things when I am in a rush and can't find any other options to save using bitcoin to buy things. It's also really handy for gifts for birthdays/christmas for those folks that live far away. If you want to throw me a bone for telling you about egifter, shoot me a pm and I can add you as a referral. The referral program isn't sexy, but egifter does give you points for using bitcoin that can add up to savings on future orders.
If you want to convert bitcoin to fiat, I highly recommend getting a bitpay debit card. Bitpay is fast and easy and comes in pretty handy. You could also consider localbitcoins. Using that site you can charge a small fee for the transaction. Just simply look at the current rates in your area and match it. Match the rate based on the amount you're selling. Example, currently preev has the bitcoin price at $2632 usd per 1 btc and the going rate in my area is roughly $2785. That's a 3-4% fee. You can also transact here in cash with no id. I just recommend meeting somewhere safe.
I also recommend keeping an eye on /BitMarket. I stumble across deals there from time to time. That subreddit is a pretty decent place to sell some stuff for bitcoin if your are interested in that sort of thing. There are a couple of places that I've found online that are auction type sites like ebay for bitcoin, but they are pretty shady in general and I'd rather not be the guy that points people to them. I have gotten some great deals on them, but I play it extremely safe. If it seems to good to be true or the seller has no ratings or feedback, I don't touch them. Same goes for the subreddit here, check the users profile and attempt to use escrow when doing any trades there.
Now, my favorite thing to do when not using bitcoin directly on sites like newegg is to use purse.
Purse is a service that offers a 5% discount immediately for shopping on amazon. If you already shop on amazon and aren't using this, you are wasting money.
Purse can save you 10-20% when purchasing if you are patient. Here's how it works. Say you want to buy a new item that cost $100 on amazon. You list the item in a public wishlist, make an offer of say $80 or $85 in bitcoin for the item and you pay the bitcoin. Purse then acts as an escrow between you and whomever accepts your offer and buys the item.
The item is shipped directly to you and you then notify purse and they release the escrow to the buyer. I usually start out my offers at 20% and if no one bites after 24to 48 hours, I lower it to 15%.
Cool little side hustle here: I have friends and family that I told about this and they don't want the headaches of dealing with bitcoin. So what I do is let them order through me. Say you mom wants that new tablet or whatever. I tell her I can save her 5% and order the item. If I get 15% off I pocket the 10% as profit for the 10 mins of work it took me to do the listing and stuff. It's a decent way to flip btc to usd for fiat and profit.
For example, a recent purchase I did. I ordered the new kindle fire, childproof case, cover, headphones and all for my friend for her daughter. Everything together was like $145. I listed it for $115 (Cause I like round numbers). I put the bid up and it was accepted in under an hour. That usually doesn't happen. But I was able to flip $115 worth of bitcoin out and got back $135 and some stuff from her garden. Not a bad deal for 10 minutes worth of "work"...
What I do is scaled up because I've traded bitcoin since 2012 and I currently have a few mining rigs, so I always have extra bitcoin laying around to do this. But even if it helps someone a few times a month or something it adds up.
Hope this helps, if you have any questions/suggestions let me know.
submitted by kajunkennyg to beermoney [link] [comments]

My biggest regret, a saved email from 2013.

12/20/13 K: Hey man, it's K. Is your name D? Anyway...getting money onto BTC-e can be tricky if you are trying to deposit USD. I kind of just had to learn by trial an error because I didn't know anyone that could teach me, because i am the only one that invests in crypto currency that I know.
Anyway, coinbase is probably the best bitcoin wallet service in the United States. It is definitely the largest and most reputable. Use this referral link: Once you sign up using this link, it will give us both some free money after you have purchased some bitcoins. The process takes a little while to get all started up, but it is worth it because it is so easy to use after. You can instantly buy bitcoins, and then use those bitcoins to send to BTC-E to purchase whatever other coins you want. I invest pretty heavily in LTC. The only way I have been able to do that is by buying bitcoins on coinbase, and then sending them to btc-e. Let me know if this works for you..
K: Let me know if the email reached you
D: Yep. I got it. Two to three days for the deposit verification into my bank account. Thanks for the advice. I take it you work in finance?
K: Yeah I do :). Coinbase takes a bit for the verification process but it is super easy to use after that. When you sell bitcoins, they just deposit the money right back into your bank account. It's the easiest service that I have found that is reputable.
D: Have you ever tried trading for small margins? I made about 0.60 USD since I started last night. I got my initial funding by mining FTC. I'm trading BTC.
D: Actually up to 10.81 after my last trade. Got in at 625 and sold at 639.
K: I mainly buy and hold for long term. I bought some NMC to flip, but it dropped in value steeply so im still holding it. I buy more every time it dips. Sent via wireless, please excuse any typos...
D: Cool. No worry about typos. I type all day at work so don't mind as well. I give up on accuracy at 5. My friends also aren't very much into crytpo currencies. I like the technical aspect but I'm more interested in trading on BTC-E. I must have watched about 12 hours of bitcoinwisdom since yesterday. It was my first time analyzing real time data. I can't believe how much info you can obtain just from identifying patterns. I have a quick question about a 401k if you don't mind. So far my year to date is 26%, is that good?
K: Yes, very good. You must have had it set up aggressively with the investing choices (which is better to do when you are young). Good stock market returns are around 12% so you are more than double, but don't be surprised if there is a correction to lower on the returns there too.
D: Yes. I'm over 50% in small cap and am young. Is there anyway to avoid that correction by reallocating?
K: Nah, just leave it. At least you have a 401k, most people are paycheck to paycheck
D: Defiantly. I can't imagine how some of my co-workers get by paying overdraft fees each month. Have a good night. I'll let you know when I buy some coins on that site.
K: Cool, let me know. Let's make some money! :)
12/22/13 D: Howdy K, I'm still waiting on the deposits in my bank account by Coinbase. Thanks for the referral link, I'm looking forward to that free $5 of BTC. Up to $12.30 USD on BTCE, looking to break $13 tonight. Can't wait to get some more trading funds.
K: It takes a bit for the initial deposit. I think it took my bank almost a week :(. Once you are done though everything is quick. If you add a credit card too, you can buy up to 10 btc instantly per week
D: Awesome. Have any suggestions? (pic) attaches picture of small gains trade history
K: What do you mean by sugggestions? Like on your trading?
K: Can you deposit more money? It looks like you aren't fully able to enjoy the full gains of your trades because the amounts that you are trading are a little small. If possible I would suggest buying 1 btc when the price is the lowest of the day, and then trade from there..
K: Also i would stay away from ftc for time being
12/24/13 K: Hey bud, i just got some free money from coinbase :) did you get it too? Pretty cool huh?
D: Yes sir. 4 days for my order to fill, can't wait.
12/25/13 D: Merry Christmas!
K: Merry xmas! If you add a credit card you can instant buy up to 10btc. What other coins are you buying right now? I mainly just have BTC and LTC
D: Does the credit card have to be a Visa? I'm mining about 8 FTC per day and trading for BTC at market. Then I trade BTC/USD for 0.10 - 0.40 profits. Working on a spreadsheet right now which you can see if you are interested.
D: spreadsheet sends corny orange and grey spreadsheet
K: Think it can be mastercard or amex too...
K: Nice LTC rally today :). I just picked up more LTC yesterday too
D: I tried adding a mastercard and discover but it wouldn't work. I've been watching the rally. Waiting to buy in to BTC at $656.
K: Shit that sucks, email support and ask if they accept mastercard? I find that odd that they would only accept visa
D: No worries. Deposit should clear 12/31
12/29/2013 K: Hows it going? Did you get your btc?
D: Hey K. Not yet, they will be deposited 12/31. Bought at $651
K: Nice so you are already up :)
K: How much did you buy? You should buy some and hold long term if possible too
1/2/2014 D: Happy New Year, K. I only bought 0.2 BTC for about $131. I'm at a total balance of $179.07. Started mining FTC again for the few extra dollars per day.
I think I read somewhere that there is a cap of 21 million BTC that will ever be in existence. 21 million on the internet is subtle considering how many views cat videos get on youtube. 21 million out 7 billion people is even smaller. Sometimes I find it hard to imagine millions and billions but I always think about this one thing: 1 million seconds is about 11 days, 1 billion seconds around 31 years. I'm very optimistic about the long term. Probably going to set aside at least 1 BTC in the near future.
Have you ever seen BTC listed on ebay? I created an auction yesterday for 0.1 BTC, $120.00. It sold within 3 hours but the buyer flaked out after I told them they would be receiving the BTC-E redeemable code in the mail. They created a dispute stating that the ebay/pal accounts were accessed by an unauthorized third party which is currently in process. I didn't lose anything and actually sold back the 0.1 at $775 after buying at $740 last night. I'm considering re-listing some BTC on Ebay but don't want to deal with reversed payments. Have any insight?
K: I heard ebay can be a nightmare with sellers getting scammed by buyers with chargebacks. If you are going to do it, I would recommend selling maybe paper wallets only, that you actually have to mail to them. That way you can have a tracking number for your shipping. If you want to sell through paypal, be careful, I think any mention of crypto currency can get your account frozen. Not positive about that though. Try selling to people on the forums, I think that would be easy. Honestly, I think just buying what you can and holding long is the best option to make the best returns. Look how the market has gone today D
K: 21 million BTC is not even enough btc for each person in my state to have 1, let alone the United States, or the entire world. As long as the demand stays high, the price could become astronomical if some major players like wall street enter the game. Just think, if Wall Street threw like 100 mill at Bitcoins (which is not that far-fetched), the price would probably jump to like 3-4k per BTC after that 1 day alone…
D: I don't think I'm going to sell anything else on Ebay until I come up with a better way of protecting against charge backs. The market has been awesome today.
D: That's very true. I think my next purchase will be 0.5 BTC to keep in my wallet.
K: Have you seen the stuff on zerocoin? Looks interesting, should be out this year...there has been a lotta hype around it..
D: Haven't heard anything about it until just reading an article now. Looks interesting and they make a good argument about anonymity. I only read over it briefly, but it appears what they're proposing would add an additional transaction fee the the process. Cool concept. Are you good with candlestick charts and patterns?
K: Somewhat. I learned them in college but stopped using them until now, so I am pretty rusty…I get the concepts and all, but I am not a professional at them by any means. I saw my buddies wallet the other day…he is pretty stacked. Over 250btc and over 1000 LTC!
D: That is pretty stacked. About 500k stacked, right? Are you familiar with the creator(s) of bitcoin "Satoshi Nakamoto"? Is it actually one person? There are quite a few claims as to who or whom Satoshi may be.
K: Im not familiar, i heard it was a team of people under that one name
D: I wonder if it was created by a goverment. Like some NSA type agency. Kinda like how the darknet started off as a Navy project.
K: Nah I doubt it. Government wouldn't create something that could possibly pose a threat to its own currency.
D: That's a good point. The future of BTC is exciting.
1/6/2014 D: Started trading NMC recently. Check ou the spreadsheet attaches another shitsheet Still just testing the water before I start making bigger trades. Buy any more BTC/LTC lately?
K: Cool man.. Year i got some LTC at $16 right before it went back up :)
1/7/2014 D: Nice buy. Catch the market today? China's equivalent of Ebay banned the sell of btc, ltc, mining gear, etc.
My understanding on of China: China’s central bank regulated the virtual currency for the first time on Dec. 5 by banning financial institutions and payment providers from conducting transactions in the virtual currency
Chinese central bank officials told third-party payment service providers to stop offering clearing services to online Bitcoin exchanges
China's Ebay bans sell of BTC in accordance to the central bank's ban effective Jan. 31. Acting as a clearing house of BTC.
I'm now $180 long NMC. I might invest 1k soon on BTC, any thoughts on an upcoming entry point?
K: Hmmm not quite sure on entry point. I am in the red as of today on NMC. Im trying to get it back to 0.01 btc to convert my nmc back to btc, i missed it on the last push. If you are investing 1k and holding long, then any of the daily ups and downs dont matter because in the long run we hope it will be way up. If i were you, i would just wait for a big red candle and then try to by at the bottom. Maybe $800/btc is good?
K: The part that sucks is that it seems like BTC value works so hard to creep up and up slowly, and right when it seems like it is going to pick up some momentum, BAM! More bad news comes out and slams the market. This cycle seems to keep repeating over and over right now…
1/9/14 K: I got 2 more btc :)
1/27/14 D: Sorry, haven't check this email account for a few weeks. Been working a lot of OT. What price did you buy in at on 1/9? I just sold a majority of my coins for cash. I picked up 3 LTC at 19.50 though. What's gonna happen 2/1/14?
Also, do you know how long it would take for a tax return check if you have your taxes in prior to the 31st? I finished those 2 weeks ago if it matters.
The other day the dow finished pretty low. Do you have any thoughts about the US economy over the next 6-12 months?
K: What’s up man…huge dump off of BTC right now on almost all exchanges (except gox which is bs anyway). I bought some more LTC at around $19 too.
I am holding all for long haul, although it would have been profitable to sell this morning, and re-buy after this dump off. I have no idea what is going to happen on 2/1. Last time when senate met, everyone thought the party was over, and then there was a huge rally in prices instead.
I am trying to figure out the right price to buy more btc right now… what do you think?
D: Sorry. Copied and pasted instead of attaching the pic. I think we'll have to see if it breaks that support. What about the arrest of that guy at bitinstant? *attaches picture of BTC 4h chart with a random line pointing downward
K: I don’t think that one arrest will tank the market like that. I am wondering if the confiscated silk road funds are being trickled through the exchanges by the feds. It seems weird the sell off right now. It almost seems systematic. Like there is a huge sell off that clears all the buy orders. Then it is calm for a few minutes, then repeat. Really strange…
D: But I wonder how they brought charges on him? Could they hold anyone accountable who sold BTC to a person using it to buy drugs on silk road? If the Feds are selling that would explain it. They seized 144,000 and they're saying the owner of silkroad may have 600,000 stashed in a wallet.
K: I think the number is more like 30,000 btc
D: The spokesperson says the approximately 26,000 Bitcoins seized are just the ones that were held in Silk Road accounts. In other words, it’s Silk Road users’ Bitcoin. The FBI has not been able to get to Ulbricht’s personal Bitcoin yet. “That’s like another $80 million worth,” she said, explaining that it was held separately and is encrypted. If that is indeed what he’s holding, that’s close to 600,000 Bitcoin all together or about 5% of all Bitcoin currently in existence. (Update 10-25: The FBI says it’s seized 144,000 Bitcoins, or about $28 million, that it believes belong to Ross Ulbricht.)
K: I don’t understand how they were able to confiscate them, when bitcoins are not yet considered money, so they shouldn’t fall under forfeiture rules…
1/17/18 - D: Wish you the best K and hope you held those coins longer than I did.
TLDR: Meet a friend in December 2013 that gave me advice to buy and hold BTC long term. This is one of our email threads from around that time, edited to remove personally identifying information. I used all my bitcoin for pizza following the fall of Mt. Gox and the subsequent bubble burst.
submitted by hampering to CryptoCurrency [link] [comments]

The best Tokens for investments in 2019 - how to make money on blockchain?

The best Tokens for investments in 2019 - how to make money on blockchain?
Tokens, altcoins, blockchain and cryptocurrency - today these terms are gaining popularity. And it is no accident - because new technologies are actively introduced into our lives.
Today, no one will be surprised by the unlimited high-speed Internet (and in the days of dial-up card with a code for 3 - hour Internet access-was a great gift).
It will take quite some time when the blockchain technology will be included in our life on the level "is when something was different."

Therefore, it makes sense to start to understand new terms, as well as to apply these technologies in your life, today. Well, of course, if you do not want to be among the "outsiders", "out of topic", "out of motion" - that is, outsider.
Cryptocurrencies and tokens - what to expect in 2019?
Cryptocurrencies-although they have given us a good market for fast and high - quality enrichment, in the form in which they exist today-will become a thing of the past.
No, of course Bitcoin and other altcoins (Ethereum, Dash and others like them) will exist and may even have a good demand.
But to earn super profits on them will not work - as it was in 2017-2018 years. The natives won't come to us anymore.

After all, in this period, in fact, a new market was created. This is equivalent to a volcano, or tsunami. When an unknown force pushes under itself all the regularity and regularity of life.
Cryptocurrencies will be, but their rate will not be so fast "jump up and down".
How to make money in 2019 on blockchain and cryptocurrencies?
Blockchain, indeed, will allow investors to earn a good profit in 2019. And, I think that not only in 2019!
Cryptocurrencies in 2019 will no longer be associated with a tool for super-profitable investments.
Of course, in 2019, it will also be possible to earn on crypto - currency exchanges-if you are a good stock speculator.
But so bought bitcoin at 10k and six months later sold 2 times more expensive - this won't happen.
Blockchain platform - a tool for investment in 2019.
Yes, it is blockchain technology that takes the baton of return on investments from cryptocurrencies.
Today, thanks to blockchain technologies, more and more new companies enter the market with a new quality of products and services:
the exchange of cryptocurrency;
Marketplace trading platforms;
support the blockchain with smart contracts;
and a lot more - from transparent lotteries and sports betting (where there is no possibility to change or adjust the coefficients, probabilities, etc.) to auctions for the purchase of real estate or its lease.
Profitable tokens and coins blockchain platforms 2019
Tokens, coins of blockchain companies are very popular among investors.
After all, today you can buy a blockchain token of the Marketplace platform from Bitteam for$ 0.4 for 1BTT, and in 10-12 months to sell it 5-10 times more expensive.
That's where the real potential and opportunities for investors are.
Marketplace by Bitteam
Why I give an example of blockchain platform Marketplace from Bitteam (
The company Bitteam has a number of advantages, which allow us to consider them a token as a reliable and promising (from the point of view of growth dynamics) tool investment.
Let's take a closer look at why.

First, Bitteam has a positive international reputation.
The main product of the company at the moment - p2p exchanger with a high level of security (due to escrow transactions) and low Commission - only 0.2%.
Escrow transaction exchange of cryptocurrencies is when a p2p transaction will Escrow the Deposit of funds with the guarantee in favor of the company.

In addition, the company Bitteam has developed and launched a trading platform (Marketplace) for e-Commerce. This is the first analogue of ebay and aliexpress - with cryptocurrency payment.

Finally, the head of Bitteam Ruslan Musliev has a positive experience in creating and bringing new products to the international financial markets.
For example, cryptocurrency exchanger (with support for dash crypt) successfully works on the international market for more than 3 years and is gaining even more popularity.

In conclusion, I want to note the focus of the company on the client. After all, a loyal customer is a source of stable income and free advertising of the most effective format (word of mouth).
How to buy BTT token from Bitteam?
Buy BTT tokens of the company Bitteam today can be on the program tokensale (token sale), where you get the most favorable offer for the purchase of tokens from the company.

More information about how the token capitalization and its future growth are ensured, you can see here:
There you will also find instructions and other information about buying BTT tokens from Bitteam.
#BitTeam #BTT #tokensale #P2P #exchange #Marketplace #CDC #crypto #blockchain #ICO #cryptocurrency #bitcoin
submitted by alexkochetoff07 to u/alexkochetoff07 [link] [comments]

The Simple MazaCoin Community Directory

Hello MazaCoin community! I would like to introduce the Simple MazaCoin Community Directory here you'll find list of goods and services like Exchanges, Block Explorers, Giveaways, Faucets, Guides, Mining Pools, Bounties, Gaming, Merchants, Charities, Hosting, Mobile and Desktop Wallets, Message Boards, News, Blogs, Banking, Language Tools, resources and etcetera.
This thread is going to be constantly updated with a list of goods & services unique for MazaCoin Project and Lakota Nation. If you feel your offering or product should be added to the list, just post it as a individual comment with an appropriate primary category.
Touchstone: All direct real links must be Mazacoin-related and/or Lakota Nation-related/Tribal Nations-related only.
• Find a category or create your own. • Add new links, links, links • downvote or upvote accordingly
Here is a brand New, easy & manageable reference to MazaCoin sites by Redditors. MazaCoin directory created for you and by you -, so check often.
Are you ready to enter MazaCoin the Official Sovereign National Crypto-Currency Monetary System of The Traditional Lakota Nation ? Start here:
Category list is based on the following: | | | | | | | | | |Bitcoin dmoz / ODP (Mozilla Directory / Open Directory Project) Editor
Auction Sites | | | | | | | |
Stores || |
Thanks csjenks and boxxa for your endorsement and mazaclub for confirming some of the links. if you have any questions or suggestions please PM me.
submitted by AlbedoK to mazacoin [link] [comments]

Why $1,000 in 60 days... a PayPal comparison.

PayPal and were started in 1998 and launched in 1999. The merge of the two was in March 2000.
I got my first PayPal account in January of 2000 when a fellow geek sent me $1 to my email address. I got my first bitcoin the same way in February of 2013 via bitcointip.
That is how long it took for this fairly early adopter to adopt each. I say "fairly early adopter" because I am a geek, but I also have blinders for most of the "fads" that happen on the Internet. I just don't like to waste time.
But I am a very early adopter compared to the population at large. I had my first desktop computer in 1978. I had my first Internet shell account in 1995.
PayPal was two years along when I adopted. Bitcoin was a bit older, but had some early setbacks. They were generally at the same phase of adoption though when I got my first account/wallet.
Where was PayPal going? It wanted to take over Internet payments from credit cards and it wanted some part of the market for sending cash between friends (splitting up a meal bill for instance).
PayPal ended up doing pretty well. Just two years after my adoption of PayPal in 2002, eBay purchased PayPal because it was ubiquitous in use on eBay auctions. PayPal now does $145 billion in transactions per year (2012).
People in my life the age of grandparents got their 1st PayPal account in about 2006. From launch to goal (but still growing) was about eight years.
Bitcoin had what I consider to be about a two year setback, so I consider it to be at the point that PayPal was this time in 2000. That was when PayPal created it's viral marketing campaign. Just a couple months ago is when Bitcoin's viral campaign started (bitcointip bot and soon to be twitter, facebook and email).
So that is where we are in the adoption process. However, the end game for Bitcoin is much different (and larger) than PayPal. Bitcoin aims to become a competitive currency.
It is entirely plausible that it will have $1 trillion of the world's economy trading in Bitcoin in six years (at the grandparent adoption time).
It is about 1% of the way to to that goal. There are currently 10,900,000 bitcoins in existence.
1% of one trillion dollars is 10 billion dollars. 10,000,000,000 dollars trying to fit into 10,900,000 bitcoins means that bitcoins are worth $917 right now.
Now maybe you understand why we are parabolic. The market is desperately trying to equalize the exchange rate between the dollar and the bitcoin at a rate of about $917.
The adoption rate is also increasing exponentially so the adoption rate is climbing beyond approximately 1%.
That is what causes the parabolic exponential rise in the price of bitcoin. It will level out once the actual market rate is reached. That is currently somewhere between $500 and $2,000. Then it will continue it's rise to approximately 100 times that value over the next six years as adoption goes from 1% to 100% of the potential market (many grandparents adopting in six years).
The market is being prevented from doing that overnight by flaky exchanges and difficulty of entering those exchanges caused by problems with the governments controlling the existing fiat currency. But those problems just slow down the market's attempt to correct to a $917 current price.
Because of this bottleneck in the market and because the adoption rate is rapidly increasing, the two forces will probably meet somewhere in the middle in the next 60-90 days.
My best calculations are that they would meet at about $2,000 on about June 2nd.
Of course that is based on rather loose numbers and comparing to PayPal growth rates and comparing where we are in relation to PayPal's rise.
It also ignores future events which could includes many positives such as the release and adoption of a way to tip in bitcoin via email or certain large organizations decided to accept Bitcoin. This would show that adoption rate has increased beyond 1%.
It also ignores future negative events such as legal meddling by various governments or certain Bitcoin infrastructure being hacked or having technical issues.
This is not investment advice. I'm not your lawyer, accountant nor investment advisor.
This is just a post on a public forum comparing Bitcoin adoption to PayPal adoption and attempting to explain why the "parabolic" rise isn't something to be worried about. It is just a market correction to the correct price of bitcoin which should be somewhere around $917 currently.
submitted by sufaq to Bitcoin [link] [comments]

What Makes Particl Marketplace Better Than its Competition

What Makes Particl Marketplace Better Than its Competition
Every once in a while, this questions pops out:
What makes Particl stand out from its competition, and why is it better?
I thought I'd make a quick rundown on my opinion on the matter!

Private-by-Design? Built With Privacy in Mind from the Ground Up!

Unlike all of its competition, Particl is built from the ground up to be entirely private/anonymous, following the true crypto roots. To accomplish this difficult prowess, it uses several methods to keep its users within an optimal privacy environment, such as the RingCT and CT privacy protocols, metadata stripping, IP address anonymization through Tor (and many more protocols in the future, including Dandelion++), private escrow system with no intermediate, encrypted and private messaging (using SMSG and eventually more scalable and leading-edge DSNs such as Loopix, IPFS, and etc), and much more. With all the data leaks and hacks, privacy is becoming more and more mainstream (link to case for privacy).
Furthermore, we all see that the government and big companies have developed very effective blockchain tracking software that makes tracking public cryptocurrency transactions quite trivial. Indeed, it may be just as bad in terms of privacy to use a public blockchain than say, a bank or payment processor. This is why having a product built with privacy in mind right from the start (vs patching privacy into a non-private blockchain) is extremely important. Every day, the "if you have nothing to hide, you don't really need privacy" kind of thinking is becoming obsolete as people realize just how much privacy is important even for "good behaving" people. Plus, there is definitely some kind of people that do require a more private environment, which they’ll want to use a solution that’s been designed with this as a prime aspect.

But why does that even matter?

As broken down in an earlier article of mine, privacy is becoming a hot subject in the mainstream world. Gone are the days where privacy was associated to people who had “things to hide”.
In light of the recent and now too regular cyber attacks on tech giants like Equifax, Facebook, Deloitte, Yahoo, FedEx, Uber, Under Armour or even Pizza Hut, the poor communication and, even in some cases, cover-up of the unfortunate facts, the public confidence towards the tech industry has been severely eroded within the last couple of years. -The Case for Privacy in the Tech Industry
Breaches of personal data are becoming far too common, and a good solution to fight this issue is to stop sharing your data with big companies that do not respect your private life. However, opting for blockchains instead can be just as bad, if not worse, than relying on trusting a big corporation. Why you ask? Because blockchains are usually open for all to see by default. Indeed, transactions on public blockchains are getting easier to track by the day, and for vendors and buyers alike, this isn’t good. Buyers obviously don’t want everyone to know what they’re buying and just how many coins they hold, information that could be obtained simply by analyzing a decentralized marketplace based on a public blockchain. Vendors, on the other hand, do not want anyone to analyze their sales data, statistics, and revenues.
Particl is built as a private-by-default marketplace, meaning that users do not need to go through several steps to protect their personal data. Everything happens automatically, under the hood, and as smoothly as you would expect from a public blockchain.

Built as a 100% Decentralized & Trustless Solution

Another advantage is that the Particl Marketplace is designed as a 100% decentralized and trustless solution, which most of its competitors aren’t. Just as an example, Syscoin's Blockmarket interface is closed-source and moderated by Syscoin staff. Escrows on Syscoin are arbitrated, meaning there needs to be someone acting as escrow agent in case a deal turns sour. This can quickly lead to bias, collusion, or other similar types of issue born from the simple fact that a third-party basically has full power over the settlement of a dispute. Talking to various vendors, this quickly becomes an issue for vendors on eBay, for example, because eBay/Paypal will most of the time side with the buyer, even when it shouldn’t.
On Particl Marketplace, there is literally no counter-party at play. The escrow is based on smart-contract functionalities and uses the MAD game-theory to keep both parties honest, no moderator required to settle disputes. The marketplace itself will be entirely governed by the community, making sure no person or group of person is held liable for the content published on it or collude with either vendors or buyers. This is much closer, in my personal opinion, to the original, crypto-anarchist vision and reason of why Bitcoin was created in the first place.
Fun fact, did you know that Satoshi Nakamoto had started working on a 100% trustless and decentralized marketplace and that there was even some code about it in some Bitcoin's repository?

Much Better & Intuitive User Interface

Particl has a beautiful UI/UX that is built with accessibility and ease-of-use in mind. This top of the line wallet looks modern, slick, and is very easy to understand as well as being very smooth and responsive. The same can’t be said of most wallets in the crypto sphere, most of them being far too geeky or barebone to be used by mainstream, non-crypto users.
Additionally, Particl plans on developing a web & mobile interface at some point in the future, which they already have a good idea of how they would go about it. In order to break into the mainstream, the marketplace will need to be as easy to use as any other online eCommerce platform, therefore a web and mobile interface are absolutely required. While this isn’t currently part of the roadmap, it certainly is a milestone the team plans on tackling after the mainnet release of Particl Marketplace.
Particl Marketplace Alpha:

The Coin Actually Makes Sense to Hold

The Particl coin is one of many perks. While it currently still is at the mercy of speculators, it is designed to eventually decouple from the speculation and get its value organically through the demand the marketplace will generate for it.
It first serves as a privacy coin, with CT already on mainnet and RingCT on testnet (currently being academically reviewed by the NJIT Dept. of Technology). Particl is indeed the first coin ever to modify RingCT, the privacy protocol made popular by Monero, so that it could be implemented on top of the Bitcoin codebase (or any codebase other than Cryptonote, for that matter). This implementation will unlock RingCT’s potentialby making it possible to be used in smart-contracts and decentralized applications as well as over the Lightning Network (that of which Particl is working on), atomic swaps and advanced multi-signatures. We all know how Monero is a great privacy coin, and Particl is actually taking it a bit further by adding utility features to this great privacy protocol (RingCT) and supporting it with a truly decentralized infrastructure. Imagine if Monero, in all its greatness, could have its own marketplace that cannot be shut down or censored…That alone is a huge reason why Particl is a great coin to hold.
It can also be used as a nice passive income source . Indeed, you can cold stake your PART coin using PPoS (Particl Proof-of-Stake, which has cold staking and hardware cold staking (cold staking on Ledger Nano S) enabled) and make a minimum of 4% yearly interest (that decreases over time until it stabilizes at 2% in 2 years). On top of that, stakers will earn 100% of the listing fees, as well as transaction fees, and of course, all revenue derived from the other Particl dApps. One thing that is often overlooked is how Particl is a decentralized application platform, but doesn’t offer tokens. This ultimately means users looking to use Particl’s applications generate demand for the PART coin, even though the Particl platform is designed to accept almost any coin and (eventually) more traditional means of payments.
The Particl coin is also used as "gas" required to run Particl smart-contracts and is used as the de facto currency in the Particl Marketplace. In fact, Particl Marketplace does accept almost any coin , either through the use of atomic swaps (already on mainnet since 2017) or through third-party implementations (i.e. Changelly). The “catch” though is that the escrow needs to use PART to keep users private (because it requires RingCT and the escrow actually is a Particl smart-contract), so even when shopping on the marketplace using Bitcoin or your favorite coin, they end up being automatically transferred into Particl with no extra step required by the user. In other words, even using other coins to purchase items off the marketplace generates demand for the PART coin.
Finally, but not least, PART coins also grant users moderation powers over the Particl Marketplace as well as the ability to vote on any community proposal through the decentralized governance system. In fact, no central authority, company, or team has moderation powers over the marketplace. Particl instead delegates that power to the very community using the platform. This is a much more scalable (no need to hire staff), secure (no legal liability put on moderators), and fair (the very users of the marketplace are the one with the power to steer the ship) way to do it.

Particl is Much More Than a Decentralized Marketplace

In the end, Particl is actually much more than just a marketplace, it is a full-blown privacy-focused dApp platform. Indeed, the team has put in its roadmap the release of a developer SDK toolkit which will allow any developer out there to easily build their own application on Particl. Whether it be a social media/Twitter-like application, a decentralized gambling Dapp, or even the addition of a penny auction section to Particl Marketplace, the SDK will truly allow the network to grow into much more than just a decentralized marketplace.
The goal here is not to directly compete with other smart-contract platforms like Ethereum, it’s more about being a decentralized platform where dApps can all be interacted with directly from the wallet in order to create something akin to perhaps an operating system. Imagine the wallet (Particl Desktop) as an Android OS and each Particl dApps as Android applications. The Particl Desktop wallet is kind of like the wrapper which contains the dApps that make the Particl decentralized economy, and these applications are designed to fit right into it in a very intuitive and user-friendly fashion (in contrast to other Dapp platforms which are generally pretty barebone).
One of Particl's goal is to take crypto a step further by not only decentralizing currency, but also to decentralize the entire infrastructure surrounding said currency (and that, obviously, includes the eCommerce infrastructure on which the coin can be spent).

Top-Tier Development Team

The Particl development team is definitely a top-tier team. They are indeed ranked 6th in one of the most thorough code quality review ( ) that did review up to 200 coins (in comparison, Syscoin is currently ranked 36th, BitBay is 192nd, Safex is not even active enough to be ranked). The code quality review takes a lot of things into account, and disregards community and marketing, solely focusing on the code itself. This is something the Particl team is extremely proud of! Indeed, the Particl team was the first reach accomplish many achievements such as true cold staking, hardware cold staking (Ledger + cold staking), first blockchain to be natively implemented with Segwit, first to implement the RingCT and CT protocols on top of the Bitcoin codebase, and always the first to update it's codebase (currently on with 0.17 ready on testnet) to the latest Bitcoin Core version (after Bitcoin itself, of course). They have had a lot of other accomplishments as well, though they were not the first to execute them. It is, overall, a very talented team that is not afraid to push the limit while never sacrificing privacy, security and decentralization.
To see the incredible development work made over time, watch the Github visualization videos included in this blog post:
Particl Project Development Timeline

Many Decentralized Marketplaces Could and Probably Will Co-Exist

As we are seeing with privacy coins right now, a lot of them are identical or almost identical, yet each of these coins has their own dedicated community. Same thing with eCommerce platforms. We have Amazon, Alibaba, eBay, Etsy, and etc…all co-existing and making profits within their own community or niche. I think we'll see the same happen with decentralized marketplaces. Wise vendors won't limit their business to one platform, as that would end up limiting their potential customer base. Instead, I see many decentralized marketplaces all co-existing and all sharing a share of the decentralized marketplace industry. This is not a winner take all kind of scenario, as long as a marketplace can offer good features, good UI/UX, low or no fees, and of course, products for sale AND customers, these platforms stand a chance to survive even though they are not alone in this space.
What I do find very interesting in Particl compared to other decentralized marketplaces is how its native coin is designed to be scarce and in high demand. As such, even a small volume of marketplace transactions could increase the value of Particl considerably. That is because:
  • Users will generate demand for the coin when making purchases (even if they use another coin)
  • More coins get locked up for a certain period of time in escrow. In reality, up to three times the value of an item can end up locked up in escrow as the buyer needs to pay for the item + make a security deposit while the vendor also has to put a security deposit. Escrow lockups can last from minutes, to hours to days and weeks, depending on the specific context and use-case.
  • A great portion of the coins are locked up in staking (can be transferred out at any time, but while they are staking they are effectively out of circulation) as the passive income gained from the process becomes very interesting when the marketplace gets transactions volume since stakers get 100% of the listings fees and other Dapp revenues. Currently, around 36.6% of the entire supply is out of circulation and being staked. Many in the community expects this amount to increase as the marketplace gets traction. Note that there is no minimum amount of PART required for staking, thus anyone can stake and receive rewards. That is even more true with the coming staking pool currently under development that will allow even the smallest of holders to stake their funds and receive smaller but more recurrent rewards.
  • Users are not forced to use PART, they can use their favorite cryptocurrency. Ultimately, non-PART transactions are still settled in PART in the background, generating demand for the coin. Particl indeed aims at attracting other communities to its platform and offer a use-case to any coin. It doesn’t mean its native coin PART cannot be positively impacted from this!
The four points above are why I believe that, even though many decentralized marketplaces will most probably end up all splitting shares of the same pie, even a low volume of transactions on Particl would probably end up naturally increase the price of the coin. No speculation needed when it takes off! This is one of the biggest reason I got into Particl instead of its competitors (their coins don’t have such good economics, not that I know of at least).

Third-Party Building on the Particl Protocol (Mubiz)

Another big thing about Particl too is that Mubiz, a decentralized marketplace aggregator and web gateway, is actually working on implementing the marketplace. What this means is that Mubiz will render the marketplace available on the web only a few days after its initial release and will offer its customers a whole array of services not readily available on Particl Desktop. These services include escrow management on behalf of the user (read…no need to deal with the escrow, all in the background and the user experience is no different than eBay), customer support & product returns, shipping management (vendors can ship their products to Mubiz), traditional means of payments (credit/banking cards, eventually Paypal and other fiat payment methods), reviews, SEO for listings, and etc.
Mubiz currently only operates with OpenBazaar, and Particl will be the second marketplace they’ll be hosting on their platform. They mentioned in an interview I conducted with Albin, Mubiz’s Founder, that they had identified issues with OpenBazaar (since it’s the first decentralized marketplace ever, it does have flaws that can be improved upon) that were not present or that were fixed with Particl, hence why they’ve decided to integrate the marketplace into its platform.
Mubiz is, in my opinion, going to provide a crucial set of services that will make Particl as easy to use as eBay or Amazon. The only difference? Vendors will be making more money (they will make 100% of the sales proceeds), in turn allowing them to lower their prices to score more sales and outplay their competitors. The end result is more profits for the vendor, more sales, and cheaper prices for the customer. Surely this should be an attractive solution for most?
What’s your biggest reason why you think Particl stands out from its competitor? I most probably forgot some stuff in there, so curious to see what you all think!
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