Bitcoin vs. Altcoins: Which Will Make You More Money in 2020?

debunking the propaganda against Bitcoin Cash

ON FULL NODES
https://medium.com/@jonaldfyookball/every-bitcoin-user-needs-a-full-node-is-a-self-defeating-argument-5004bcbd95ef
ON DECENTRALIZATION
https://medium.com/@jonaldfyookball/decentralization-trade-offs-and-the-extremism-of-bitcoin-core-c98d475d1216
https://keepingstock.net/examining-bitfurys-scaling-research-9d62cb725477
ON FEES:
https://medium.com/@jonaldfyookball/why-does-bitcoin-have-ridiculously-high-fees-and-slow-confirmations-e3fd58258a6d
ON SPV:
https://medium.com/@jonaldfyookball/why-every-bitcoin-user-should-understand-spv-security-520d1d45e0b9
https://medium.com/@jonaldfyookball/spv-as-implemented-today-is-exactly-as-described-in-the-bitcoin-whitepaper-2a65265afbec
ON THE SCALING DEBATE:
https://medium.com/@jonaldfyookball/how-the-bitcoin-cryptocurrency-community-lost-its-way-and-how-we-can-find-it-again-7a18a389a37
https://keepingstock.net/an-open-letter-to-bitcoin-miners-c260467e1f0
https://medium.com/@jonaldfyookball/why-bitcoin-cash-will-dominate-ce9a67fc70e9
ON "THE REAL" BITCOIN
https://medium.com/@jonaldfyookball/who-gets-to-decide-the-rules-in-bitcoin-c6d8ade53e52
https://medium.com/@jonaldfyookball/12-reasons-bitcoin-cash-is-the-real-bitcoin-8d5547988374
https://medium.com/@jonaldfyookball/jimmy-song-tries-to-claim-bitcoin-cash-is-fiat-money-seriously-e53a3706d41c
ON P2P CASH
https://medium.com/@jonaldfyookball/charlie-lee-is-wrong-lightning-is-not-more-p2p-than-bitcoin-8c35abe69d93
https://medium.com/@jonaldfyookball/the-bitcoin-social-contract-21-million-coins-and-the-future-of-peer-to-peer-cash-5d310a54fbb4
ON THE LIGHTNING NETWORK:
https://medium.com/@jonaldfyookball/mathematical-proof-that-the-lightning-network-cannot-be-a-decentralized-bitcoin-scaling-solution-1b8147650800
https://medium.com/@jonaldfyookball/continued-discussion-on-why-lightning-network-cannot-scale-883c17b2ef5b
https://news.bitcoin.com/lightning-network-centralization-leads-economic-censorship/
https://www.yours.org/content/clarifying-my-objections-to-the-lightning-network-2f9d3aa154e5
https://medium.com/@jonaldfyookball/lightning-network-vs-bitcoin-cash-for-the-non-technical-person-7ea2b9a657f5
https://read.cash/@jonald_fyookball/the-final-word-on-the-lightning-network-de7e259c
ON THE DECLINE OF BTC
https://medium.com/@jonaldfyookball/is-this-the-beginning-of-the-end-of-btc-2687bb83181
https://medium.com/@jonaldfyookball/by-far-the-biggest-crypto-scam-ever-and-its-still-happening-a23ed102d039
submitted by jonald_fyookball to btc [link] [comments]

As awareness is increasing for Quant after recent announcements, here is an overview and links to find more info about this fantastic project

As awareness is increasing for Quant after recent announcements, here is an overview and links to find more info about this fantastic project
1/ As awareness is increasing for @quant_network after recent announcements I encourage everyone to see the thread below providing more details around the project. Excellent Team, Tech, Use cases, Tokenomics, Partners has it all.
https://preview.redd.it/usj6bepzvz751.png?width=1345&format=png&auto=webp&s=bf859c622fcf2fdebf9c1be24b369e7a8312119d
2/ Quant’s Overledger Blockchain Operating System not only provides interoperability between all the leading Enterprise and Public Blockchains but also connecting the world’s networks to blockchain with just 3 lines of code.
https://preview.redd.it/1tf32qb1wz751.png?width=1200&format=png&auto=webp&s=f6d7c437d5b764916fab8fdfefe787ad2afce38f
3/ Unlike other solutions, Overledger solves interoperability at scale without the overhead/bottleneck/single point of failure of adding another blockchain in the middle, nor does it impose restrictions / require blockchains to fork their code to connect.
https://medium.com/@CryptoSeq/what-is-a-blockchain-operating-system-and-what-are-the-benefits-c561d8275de6
4/ Overledger is not a blockchain itself, but an OS that runs on top of multiple blockchains, providing a platform to build and use multi chain applications and abstracts all of the complexities involved with integrating with all the different blockchains
https://medium.com/@CryptoSeq/blockchain-operating-system-learning-from-the-past-to-build-a-better-future-92142c823d30
5/ #Interoperability is more than just Blockchain-to-Blockchain. True Interoperability is Any-to-Any.@quant_network are launching a universal connector for Overledger which allows for any API to connect to any Blockchain through Overledger.
https://preview.redd.it/taxpb9p3wz751.png?width=806&format=png&auto=webp&s=8c527753dc62ab00756c8a32fa16134b91df8821
6/ This will mean APIs like IFTTT/ZapiePayment APIs/Banking APIs/IoT APIs etc can now seamlessly interoperate with Blockchains through Overledger. You can integrate pretty much any tech and API into Overledger
https://preview.redd.it/7f35q465wz751.png?width=1199&format=png&auto=webp&s=09dd7480212eb44903a683e81ecb9878ff077fbe
7/ Quant's approach is superior, enabling scalable interoperability, can connect any blockchain / existing network, future proof and without imposing limitations / requiring connected chains to fork their code
See https://twitter.com/CryptoSeq/status/1270237869043572737
and this article https://medium.com/@CryptoSeq/quant-networks-overledger-part-two-the-layers-of-overledger-ea23a7148af1
8/ Every Blockchain has their own advantages and disadvantages. Why compromise on one platform when with Multi-chain Applications (MAPPs) you can combine the best features from multiple? Why have the risk and limitations of Vendor Lock in?
9/ Only Overledger enables Treaty Contracts, where you can deploy, query and execute multi-chain smart contracts. Bridge and extend smart contracts across multiple blockchains.
10/ Overledger Network is due to launch in a few days and is a Network of Networks, which allows enterprise and communities stakeholders to access and participate in a growing hyper-connected decentralised ecosystem
https://preview.redd.it/00z37ih7wz751.png?width=679&format=png&auto=webp&s=b073064f717953e6329a07bc61f3d77dd334f643
11/ Enterprises, banks, central banks, trading venues, etc will be able to host their own secure dedicated gateways, enabling secure connectivity to permissioned networks, permissionless networks, ecosystems, consortia and other distributed technologies.
https://medium.com/@CryptoSeq/the-network-of-networks-scalable-interoperability-to-unleash-the-true-potential-of-blockchain-c54e7d373d2d
12/ Community members will also be able to run an Overledger gateway to further enhance the scalability, decentralisation and optimise network latency, providing enterprises, developers and users choice to use the closest gateway when accessing permissionless blockchains.
13/ The Overledger gateways will create a scalable p2p network that shares the transaction and volume between participants and chooses the closest or largest node to transact with
https://medium.com/@CryptoSeq/how-the-overledger-network-community-treasury-powers-the-network-of-networks-b716b01d8284
14/ Quant will be open sourcing the connectors so that anyone can connect their favourite blockchain to Overledger Network and benefit from increased adoption from the Enterprises, Developers and users of all the existing connected blockchains / networks.
15/ Partners: Quant have partnered with SIA, the leading financial network provider in Europe and both companies are confident that this development will play an integral part in building the financial infrastructure of the future globally
https://www.sia.eu/en/media-events/news-press-releases/quant-network-and-sia-successfully-tested-blockchain-interoperability
16/ SIA provide a private financial network which is the backbone of the European financial market. SIA and SWIFT are the only 2 providers for the Eurosystem Single Market Infrastructure Gateway, granting access to all RTGS, Securities and Instant Payment transactions for Europe.
17/ Overledger is integrated into SIAChain part of that private financial network (SIAnet) that is the backbone of the european financial market, enabling the 580 banks, central banks, trading venues that are building projects on SIAChain to benefit from scalable Interoperability
18/ Some of the largest blockcain projects in the world are being launched on SIAChain, one of those is the Spunta project.
Spunta is a huge project consisting of the entire italian banking system and looks to further expand into europe
https://www.r3.com/videos/italian-banking-association-and-r3/
19/ Another project building on SIAChain is Fideiussioni Digitali, a digital sureties project with the Bank of Italy sia.eu/en/media-event… as well as potential trial platform for digital euro
To read more about the partnership with SIA is a game changer
https://medium.com/@CryptoSeq/quant-network-partner-with-sia-a-game-changer-for-mass-blockchain-adoption-by-financial-9059ab411069
20/ Quant have partnered with Oracle (the 2nd largest Software provider in the world) as a Fintech Partner to deliver financial services infrastructure.
Quant are enabling #interoperability of DLTs to deliver mission-critical business applications and workloads for FS clients.
https://preview.redd.it/o15tnnr9wz751.png?width=1200&format=png&auto=webp&s=8aba1e61de76b39b4f82ce9a3f8a15b456b674f5
https://preview.redd.it/qdnu6piawz751.png?width=1012&format=png&auto=webp&s=b25bee3d43a6d6cc56eab1ad594c656c07658de1
21/ Oracle invited Quant to attend the leading financial event of the year - SWIFT SIBOS where Oracle were co-marketing with Quant to take their solution to their 480,000 clients including meetings with Banks / Central Banks
https://preview.redd.it/oer1rbxbwz751.png?width=770&format=png&auto=webp&s=802d9edfc82fe383aacacd16eabe733a20860703
22/ Another fantastic partnership is with @SimbaChain. It is a smart-contract-as-a-service (SCaaS) platform, enabling users across a variety of skill sets to implement dapps. They are developing on Overledger to allow them to deploy DAPPs across multiple connected blockchains.
23/ SIMBA Chain have recently been awarded a $9.5 million contract with the US Navy, they are also working with the US Air Force. They have a thriving ecosystem with over 2300 Organizations and 1150+ Applications developed.
https://cointelegraph.com/news/us-navy-bets-95m-on-blockchain-to-keep-messaging-secret
24/ Quant are working with clients in the Capital Market space such as AX Trading to bring more digital assets, securities and tokenised assets to their existing 800 institutional traders in an already live and connected FINRA and SEC regulated exchange.
https://medium.com/@CryptoSeq/wall-street-2-0-17252ffd8919
25/ @quant_network's Interchange enables FIAT to be representing on a blockchain enabling Delivery vs Payment across multiple blockchains with cross chain atomic swaps as well as integrating into existing payment rails such as Faster Payments, CHAPS, SEPA, SWIFT, PAY UK
https://preview.redd.it/8w39juydwz751.png?width=1200&format=png&auto=webp&s=0c8cfec6050ff2d6b27922ba640bfbb549fa9db1
https://preview.redd.it/fnxfo0qewz751.png?width=924&format=png&auto=webp&s=a3573556d7081e672bb86e31500f06a75f6ca662
26/ Enormous traditional exchanges like Fidelity, SIX, Nasdaq, Deutsche Borse will soon be entering the space, offering Digital Assets that are traded today on Crypto exchanges as well as tokenising Stocks, bringing in enormous amounts of investment from institutional investors.

https://preview.redd.it/w6scjpnvwz751.png?width=430&format=png&auto=webp&s=fc7051595807a58fbe5505b8ccacc58f135ded61
https://preview.redd.it/p5i5rwdwwz751.png?width=1100&format=png&auto=webp&s=e050c5fc5ac4614313e4fd737c1d2c5bf9dcfc31
27/ Quant were made a guarantor of Pay.uk - the UK’s largest payment network. Through this relationship, Quant will shape the payment ecosystem and help set the strategic direction of the Payments infrastructure and adopting the New Payments Architecture (NPA).
https://preview.redd.it/vqg19hngwz751.png?width=770&format=png&auto=webp&s=85bc997d93e052a8e1d0e574a1509c06cb996237
28/ Quant have also partnered with AUCloud and UKCloud to provide highly secure and interoperable Blockchain-as-a-Service for Australian Government and Defence and the critical national industries and supply chains that serve the nation.
https://www.quant.network/blog/quant-network-and-aucloud-partner-to-provide-worlds-first-blockchain-operating-system-for-government-and-critical-national-industries
29/ And others such Crowdz a leading blockchain-based trade finance company who are partnered with Barclaycard and recently received $5.5 million Series A Investment from Barclays Bank and others
As well as being a member of Hyperledger, MOBI and more
https://medium.com/@CryptoSeq/large-enterprise-adoption-of-blockchain-is-happening-enabled-by-quant-networks-overledger-32321b650115
30/ The Team: Gilbert Verdian the CEO - his CV speaks for itself. Before starting Quant he was the Chief Information Security Officer for Vocalink (Mastercard) and was in charge of security for the entire payments in the UK managing £6 Trillion per year
https://www.gilbertverdian.com/cv/
31/ Martin Hargreaves recently joined as Chief Product Officer. He has 12 years experience at Vocalink and was the Vice President of Product. Vocalink (Mastercard) manage the entire payments system for the UK as well as other payment networks in the US, Singapore
https://preview.redd.it/mfzp5bfiwz751.png?width=1200&format=png&auto=webp&s=d3f7f16e5f2f8ad27907f5b94e5af3aadb548d18
32/ Guy Dietrich the managing director of Rockefeller Capital (who manage assets worth over $30 billion) joined the board of directors and has attended meetings personally with Gilbert such as with the Financial Conduct Authority in the UK
https://preview.redd.it/on3qgijkwz751.png?width=619&format=png&auto=webp&s=d7a2c38edd0efd32487c33b0b552ed54eefd18d8
33/ Gilbert founded ISO TC 307, the globally recognized standard which has 57 countries working towards. This is vitally important for Enterprise / Government adoption and designed from the start to adhere to those rather than have to redesign it later.
https://preview.redd.it/b9ugauimwz751.png?width=1200&format=png&auto=webp&s=6d9c483e3017310814220260711fd737edc55fcb
34/ Not only do they have enormous meaningful partnerships, advanced tech that's solving a problem which is very much needed and an excellent team, they also have the best tokenomics i have seen in a project and is integral to everything.
https://preview.redd.it/udtf3w9owz751.png?width=1345&format=png&auto=webp&s=42cfe696b777591bb034dd71e4bd782284e0bcf1
35/ Hedge against Inflation - has a total supply of just 14.6 million, no inflation, no new tokens minted and no huge % of tokens controlled by the team waiting to be released. Circulating supply is 12 Million which will reduce over time with QNT being locked up for licenses
36/ Whether it's #Bitcoin, Stable Coins, #DeFi, Central Bank Digital Currencies that come out on top or a combination of all, @quant_network is working with them all, connecting , , and working with multiple Central Banks all leading to more demand / usage of
37/ @Overledger has been designed to be future proof by not being a blockchain itself and performing #interoperability at a layer above, learning from what made TCP/IP so dominant after 40+ years. Whether it be Blockchain 1.0, 2.0, 3.0.. it doesnt matter,$QNT can connect them all
38/ Whether it be Permissioned or Permissionless Blockchains, @Overledger can connect them all. Currently $BTC, $ETH, $XRP(L), $EOS, $XLM, $IOTA, $DAG, #Corda, #Hyperledger, #Qurorum. $QNT is one of very few tokens that are needed even in a Permissioned Enterprise environment.
39/ Sustainable Business Model - Earning revenue (on track for $10 million last year), moving into an office twice the size in the UK and currently hiring 6 additional employees and expanding to other parts of the world despite the uncertainty many are facing.
40/ is needed for licenses, consumption fees, gateways (staking for higher throughput), signing of messages on #Overledger, minimum holdings of QNT.will be locked up reducing circulating supply so not just bought then immediately sold and needed by all inc enterprises
41/ Provides what all projects need - true scalable #interoperability not just between blockchains but legacy systems as well. With no added overhead of an additional consensus mechanism, doesn't impose restrictions or require connected chains to fork their code. Anybody can join
https://preview.redd.it/eq11fnjqwz751.png?width=679&format=png&auto=webp&s=3079aafd7c0717c878b10edf5819cee6d428e13e
43/ For Tokenomics see @quant_network's Utility Paper https://bit.ly/2xc25mA and @DavidW___'s article https://medium.com/@davW/a-deeper-look-into-the-quant-network-utility-token-qnt-valuation-dynamics-and-fundamentals-84633ca7cb58
https://twitter.com/CryptoSeq/status/1277555274405068801
https://threadreaderapp.com/thread/1277555274405068801.html
submitted by xSeq22x to QuantNetwork [link] [comments]

How to Explain Bitcoin: 3 Tips to Have Better Bitcoin Conversations

BTC Friends,
Let’s be honest, Bitcoin is confusing. Not to you (you are on this / after all), but to the people who have no idea what it is. Trying to explain Bitcoin is even harder. I’m sure we’ve all had those long, complicated, drawn-out conversations which leave people more confused than when it started.
To aid its adoption WE HAVE TO GET BETTER AT EXPLAINING WHAT BITCOIN IS.
Here are a few tips that should, hopefully, help you manage a simple and easy to understand discussion about Bitcoin.
Before we get to that, a few things to remember:
Bitcoin is a fundamental change from what most people believe. An explanation about Bitcoin shouldn’t be about “being right” or “winning the argument.” Instead, it should be about helping someone explore a new idea and begin to understand that there are actually different alternatives to the only “money” they’ve ever known.
Bitcoin is complicated. It’s important to remember that this is as much of an emotion transformation for someone as it is a logical one. A CONFUSED MIND ALWAYS SAYS NO. If you leave a person confused or frustrated about what Bitcoin is, they are more likely to build up a resistance to it and become close-minded because “it’s just too complicated.”
Adoption is a marathon, not a sprint. Don’t feel the need to word vomit all of your intense 1337 cypto-knowledge in a single conversation. Slow and steady. Like a good story-teller, keep them wanting more.
Now, some tips to consider:
1. Start with ‘WHAT is Bitcoin?,’ not ‘WHY is Bitcoin?’
A fundamental mistake that people make is to try to justify WHY something exists before even explaining WHAT something is. Your explanations need to act as a building blocks of knowledge which means you have to have a very clear, very easily understood, fundamental premise:
Bitcoin is…:
Digital coins that exist on the internet that you can spend and save just like the paper money in your wallet.
An alternative form of money than what you are given by your local government.
That's it. That's Bitcoin. While I’m sure we can, and probably will, argue about what that base, fundamental definition is, it’s important to start with WHAT, not WHY.
While hyperinflation, store of value, scarcity, the Federal Reserve, and how the printing of fiat devalues currency are all important, it does not answer the question of WHAT is Bitcoin. If you start with WHY, you are skipping a major building block in the mind of the listener and are on your way to creating confusion. And remember, a confused mind always says no!
Here is an example. (Now, don’t go full-internet on me. I’m not degrading this person or this video THANK YOU PERSON FOR MAKING THIS VIDEO. This video is awesome! I only bring it up because it is a recent video that got some attention. It also demonstrates this point.)
When asked to explain Bitcoin, here is the opening line:
“The FED…is out of control with printing money…”
This is a ‘WHY is Bitcoin’ response. Already, the listener is probably thinking, ‘what the heck does the FED have to do with anything? I just wanted to know what Bitcoin was…’ and you may just lose your listener right there.
Furthermore, this video never actually says “Bitcoin IS…” While there is an implied comparison to gold, there is never a fundamental definition of WHAT Bitcoin is.
Start with a clear, concise definition of WHAT Bitcoin is before moving on to WHY Bitcoin is.
2. Let Them Lead / Gauge Their Interest / Know When To Stop
When explaining any topic to someone who doesn’t understand it, there is a very strong temptation to TELL everything you know. This is human nature. We are proud of what we know. We want to display knowledge and proficiency. We must, however, understand that it is counter-productive to the learning process. Imagine that certain math teacher going over that certain math problem. They explain it. They are enthusiastic about it. They write it on the chalkboard. Yet your eyes glaze over. It’s too much too fast. You are just waiting until the end when they finally tell you the answer. All logic and reasoning and understanding is gone. This is similar.
Instead of telling them everything you know, LET THEM ASK! Allowing your listener to ASK demonstrates two things: an understanding of the last thing you said and, more importantly, interest! Ultimately, that’s what we want and need; their interest.
Believe me, just like that little kid asking, ‘why, why, why…?’ They will give you every opportunity to share a little bit more, and a little bit more.
For example:
Bitcoiner – “Bitcoin are digital coins that exist on the internet that you can spend and save just like the paper money in your wallet.”
(STOP TALKING AND LEAVE SPACE FOR THEM TO ASK!!!)
Noob – “Oh…ok…well…why do we need that? What's wrong with the money I have now?”
Bitcoiner – “Well, there is a risk that, over time, the money that you keep in your wallet or bank account will actually be worth less and be able to buy less stuff.”
(STOP TALKING AND LEAVE SPACE FOR THEM TO ASK!!!)
Noob – “Wait, what do you mean?”
And we are now on our way to a discussion about these messy and intense concepts of inflation vs deflation, printing of fiat currency, fractional reserve lending, etc. And through it all, LET THEM LEAD.
Now this is the tough part. If their eyes glaze over, YOU HAVE TO STOP! When the questions stop, YOU HAVE TO STOP! The last thing you want to do is ramble on once they’ve stopped listening. Instead, ASK them a question:
I’m sorry, did you not understand something I said?”
“Did I answer your question?”
“Is this interesting to you?”
By doing this, you will give them an opportunity to ASK you another question: “…back up…what did you mean when you said ‘store of value’?”
Or maybe even make a comment: “…wow…this stuff is pretty complicated…”
In either case, this actually helps keep the conversation going. Just back up, explain it again, keeping in mind your base concepts and definitions, and see if you can talk them past where they got stuck.
Maybe they shut you down entirely: “you know what, this is crazy, it can’t be true, let’s change the subject…” To which the ONLY correct response is, “Ok!” (we’ll get to this later).
Keep in mind that letting your listener lead will allow you to carry the conversation much further than you trying to push it along on your own.
3. Know Your Role / A Little at a Time / Don’t Overcorrect
So, what’s the end goal? Is it to have them whip out their phone, download an exchange, and make their first Bitcoin purchase right then and there?! No, of course not.
The role of these conversations is to LEAVE THEM WANTING MORE. Your goal should be to spark interest and curiosity. If after talking with you they end up on The Google or The YouTube looking for more information, then you’ve done your part!
Movies and TV condition us to want the big payoff at the end: the parade, the teary embrace, the triumphant symphony. That is not real life. Really, the best ending to a Bitcoin conversation might just be your listener making an audible, but clearly deeply contemplative, “…huh…”. You’ve done your job. You’ve got them noodling something they have never noodled before.
Even once you understand Bitcoin, there is still an entirely different conversation about what the technology is, how it works, and how people interact with it. And let’s be honest, it’s complex and confusing. Exchanges, blockchain, forks, difficulty adjustments, miners, cold storage… More complicated ideas. More jargon. Make sure you throttle yourself back and explain just A LITTLE AT A TIME. It’s ok to have one conversation about the fundamentals of Bitcoin and then an entirely different conversation about blockchain technology or how people acquire BTC or the difference between storing Bitcoin on an exchange versus a cold wallet. Don’t fall into the trap of thinking you have to tackle all of this at once.
While all this is happening, BE CAREFUL NOT TO OVERCORRECT. People know what they know, right? And what people know is always correct, right?? Be sensitive. If your listener makes a comment that isn’t true or is off track, don’t scold them or forcefully correct them. If your listener feels attacked or threatened, conflict will arise, and once that happens, their minds will be completely shut off. No one listens during an argument. Don’t attack. Explain.
For example:
Noob – “Well, the USD is backed by gold, so that will prevent it from ever devaluing!”
Bitcoiner – “You know, it’s pretty interesting, a lot of people think the same thing. The truth is that while the USD was backed by gold for a long period of time, it isn’t anymore. You see, back in 1971…”
Keep it simple, factual, and non-confrontational.
Going back to our example from before, even if your listener shuts you down entirely, THAT’S OK! They have now experienced a Bitcoin conversation that will percolate around in their brain. And perhaps next time they hear the word Bitcoin, whether on the news or on the internet, they’ll think back to your conversation and what you shared with them. Hopefully you didn’t over-press and their memory of your conversation isn't a negative one which leaves them feeling negative about Bitcoin: “Bitcoin is stupid and people who believe in Bitcoin are arrogant and rude.”
Finally, ENCOURAGE THEM TO DO THEIR OWN RESEARCH. The journey doesn’t start and end with you. You are simply a stepping stone along their path. Know that you are playing a part in their story; you are not the main character.
Adoption of Bitcoin will occur over a long period of time. The conversations we have with our friends and family will create the buzz, attention, and understanding that is needed, but please be mindful that you are doing it in a helpful and productive way that leaves people wanting to know more.
Oh, and step 4: Stack Sats and HODL!
submitted by Reinmaker to Bitcoin [link] [comments]

The attempted come back of CoinEx, China's forked-Bitcoin exchange

The attempted come back of CoinEx, China's forked-Bitcoin exchange
Written by Shuyao Kong
Published by decrypt.co
An interview with Haipo Yang, a crypto OG who’s trying to reposition his Bitcoin Cash-based CoinEx exchange. And more, in this week’s da bing.
https://preview.redd.it/h5f3i3lldv051.jpg?width=3200&format=pjpg&auto=webp&s=09b8696303ae5c6170753cc438929ebe520d4605
Haipo Yang, founder of ViaBTC, one of the largest mining pools in the world, and CoinEx, a crypto exchange known for its focus on Bitcoin Cash-based trading, is a well-known but relatively quiet character in China’s crypto circle. Typically, Yang doesn’t talk that much about his journey launching the mining pool, nor about CoinEx, which launched in December 2017.
And he almost never speaks about his fervent support for BCH, a hard fork of Bitcoin, and his now even more enthusiastic belief in BSV.
Yet that’s changing of late. Yang has been more active in recent months, participating in interviews about CoinEx and tweeting more frequently on Weibo, China’s Twitter. He’s been making controversial statements predicting the death of BTC, while supporting BCH and BSV on social media.
Recently, Yang told me that as a developer rather than a business person, he’s never been comfortable speaking in public. However he’s making an effort now to help publicize his renovation of CoinEx. So, for this week’s da bing, I decided to chat with him and get a peek into the mind of a veteran crypto entrepreneur who’s trying to make a personal, as well as a platform, comeback.

CoinEx’s golden opportunity

The first hard fork of Bitcoin occurred in August, 2017 and created a new cryptocurrency called Bitcoin Cash. The fork was prompted by partisans, including Yang, who wanted bigger block sizes on the blockchain — the basic idea was that bigger blocks would enable more transactions per second and make Bitcoin Cash something people would actually use to buy things, rather than Bitcoin’s more commonly perceived use as a store of value.
Yang added a tremendous amount of value to the mining scene in China. As a technical founder with has years of experience in big tech firms such as Tencent, Yang is proud of his #buidl skills. He developed most of the code in the early days of VicBTC, which became one of the biggest mining pools to this day.
Not satisfied with owning just a mining pool,Yang conceived of CoinEx, which was born in December of that year, specifically to carry on the mission of the newly forked Bitcoin Cash blockchain. As he got swept up in Bitcoin Cash enthusiasm, he even said that “BCH is bitcoin.”
CoinEx’s strategy was BCH-focused from day one; BCH was its base currency, meaning you could use it to buy and sell other currencies, such as Ethereum and Litecoin.
Interestingly, Jihan Wu, the co-founder of Bitcoin Exchange — himself a famous BCH supporter — was a big investor in the exchange. That made me wonder why he, Yang, and many other OG crypto miners, were so passionate about BCH. Was it just about bigger block sizes?
“Bigger block size means more users and use cases,” Yang explained. The move to bigger block sizes was attractive to miners because they would facilitate more transactions. Miners make money on transaction fees, as well as mining blocks. Likewise, the network would arguably be more useful to people, who were looking for digital cash for every day use.
That especially resonated with many early hardcore Bitcoiners. Said Yang: “We really believe that Bitcoin should be a P2P cash vehicle rather than a store of value.”
This view probably sounds outdated to people who believe that Bitcoin’s value as cash is long gone, with solutions such as Lightning Network fulfilling that role. Instead, the new narrative for Bitcoin resides in its value, rather than utility. Yet Yang believed that the forked network would create far more opportunity
“We could invite influential companies to establish nodes and contribute to the network. This cannot be done with the original Bitcoin architecture,” he said.

CoinEx pivots

But from its inception, CoinEx struggled with adoption and was dwarfed by the bigger exchanges. Part of that had to do with the fact that BCH and “Bitcoin Satoshi’s Vision,” another Bitcoin hard fork, were both controversial. Critics pointed out that these networks are centralized in a few big mining pools, and 51% attacks are not out of the question.
So over time, though Yang’s exchange still maintains strong support for BCH and BSV, it began to add support for all the major currencies.
Finally, in January of this year, it announced a major upgrade, of… well, just about everything. It started to offer futures trading, leveraged trading, options trading, and over 100 token projects available to traders. It even rolled out its own blockchain, “CoinEx Chain” to support a new DEX, “CoinEx DEX.”
https://preview.redd.it/3okoy5mudv051.png?width=1432&format=png&auto=webp&s=7099249da4a95db873d268f2dfc95d8db93a368e
The seemingly sudden publicity of CoinEx should not come as a surprise, then. As BCH/BSV was being marginalized, Yang shifted his focus. He’s now trying to ride the wave of building a bigger, more dynamic exchange.
“Crypto exchanges are where value is discovered,” Yang told me.

CoinEx: TNG

Building an exchange isn’t done overnight, nor is re-building one. CoinEx is still competing with the giants such as Binance.
However Yang thinks his exchange will thrive by zigging when his competitors zag. As usual, CoinEx is taking a slightly different route, he told me.
Like what? “We will be listing 小币种,” he said, using the expression for “small token projects.” I cannot help but wonder if these “small token projects” are simply shitcoins, the trading of which is certainly not new.
Indeed, Yang said that he’s banking on the success of his new, public blockchain. “We are building a CoinEx Chain, a layer one protocol for DEX alone. Using our public blockchain, anyone can issue any token, at any time,” he said. He described the blockchain as “a real decentralized, token-issuance and transaction platform.”
This is the core of Yang’s plan and vision. He believes that centralized exchanges will be a bottleneck for crypto adoption because it contradicts crypto’s nature as a completely free and open infrastructure. Essentially anyone should be able to launch a token and trade it with anyone. Only by building DEXes can we achieve full decentralization, he says.

The Religious nature of Bitcoin, and forked Bitcoin

It’s his belief that Bitcoin should adhere to Satoshi’s original vision that led Yang to send yet another controversial tweet last week, which I will translate: “The early days of Bitcoin expansion are similar to religion. The religious fervor brings prosperity to the industry.”
By extension, Yang believes that the next generation of Bitcoin should provoke a similar “religious” fervor. That’s why he has slowly become more of a BSV advocate than a fan of Bitcoin Cash. Yang believes that “BSV has more religious connotations, despite its negative image.” (As most crypto people know, the controversial Craig Wright, who claims to be Satoshi Nakamoto, led the hard fork which created BSV. Consequently it is often met with skepticism and derision.)
“The early days of Bitcoin expansion are similar to religion,” said Yang. “The religious fervor brings prosperity to the industry.”
Crypto is famous for its tribalism. Many people choose one camp over another not for practical reasons but because of simple faith. Talking to Yang and reading his tweet brings a historic texture to the Bitcoin narrative. But crypto cannot survive on religion alone. One has to build. Hash might have been worshipped in the old days but now the crypto religion is all about the size of the congregation.
Original article
Click here to register on CoinEx!
submitted by CoinExcom to btc [link] [comments]

My saved items

Social justice stuff:

70 papers to support wearing masks
dude who went out dressed as a woman and got harassed
copypasta to refute the "only girls take selfies with the stuff they share"
racism is a mental health issue (tweet image)
abuses by police
why you shoudln't say all lives mattewhat does BLM mean
juxtaposition of police complaining vs police abusing
the iceberg of white supremacy
"microagressions I face as a black woman"
debunk of 13/50
another debunk of 13/50
another debunk of 13/50
examples of male privilege
opinions vs prejudice
all cops are bastards
literally all cops are bastards
response to someone saying that Africa is underdeveloped
list of things for cis people to know, from a trans person
some debunked trans stuff and also some scientific studies
police, racism, and white supremacy
police, racism, and white supremacy
false rape claims
just a funny video about nazis pretending they're not nazis
how old are animals when they are killed for food
crime stats about men
crime stats about men part deaux
On Whiteness: How Race and White Supremacy Affect Discourse Surrounding Masculinity
"life would be easier if I'm white"
discussion on "inspiration porn"
disneyvacation how to make the most of white privilege
"it's better now than it used to be" tweet
rape victim blaming (image)
the point of FWR
the alt right, pitbulls, and race realism
almost trafficked in Austin TX
wage theft infographic
white privilege image
image about women staying safe
“The law, in its majestic equality, forbids rich and poor alike to sleep under bridges, to beg in the streets, and to steal their bread.”
examples of systemic racism
Islamophobic myths debunked
Feminist stuff explained
what SRS is all about
free market capitalism and homelessness

Politics

biden is handsy with everyone, not just women/kids
"Why I'm skeptical about Reade's sexual assault claim against Biden: Ex-prosecutor"
Trump administration profiting off the pandemic
Poorly handling pandemic
lack of meals in schools (tweet image)
crimes of Roger Stone
Trump and Epstein
racist views of trump
GOP's attack on democracy
debunking of certain defenses of Trump (impeachment hearing? idk)
electoral college is stupid and Trump agrees
damage to international relations
"why do liberals think Trump supporters are stupid?"
more racist views of Trump
GOP on immigration (image)
"everything you need to know about American conservatism"
nunes buried evidence on Russian meddling
on hillary's email server
Trump colluding with Russia
GOP - party of "principles"
"why is the left so violent"
Trump doing dictator stuff

Workout stuff:

pullups
quarantine workout template
giant dude doing crazy bodyweight routine
list of every minimalist shoe on the internet
handstands
quarantine workout
some dude's workout routine/weightloss, check back to see if he posted his routine at all
bodyweight fitness workout stuff
something about L-sits and pistol squats
muscle-ups
various ab exercises
stronger by science podcast
common deadlifting mistakes
get cut/abs
reverse crunches
lift weight, eat more protein
bodyweight exercises
gym gif
handstand tutorial
vibram fivefingers sale
bodyweight workout
more bodyweight fitness stuff
proper running form
running/posture
calisthenics
muscle ups on rings
muscle up progression

Programming/tech stuff:

getting the best out of android
create a bootable pendrive
list of free sites to educate yourself
free alternative to photoshop that's not gimp
infosec tools
Python cheat sheet
how to make a reddit bot
another how to make a reddit bot
android development
raspberry pi stuff
make a gif longer than 15 seconds
221 free programming courses
android programming
import praw
IFTTT
"holy grail" of programming resources
bootable usb drives
free CAD and FEA apps
activate god mod for windows 8
android development
cool websites to bookmark
keep your mousing moving when afk
app development
android development
cerberus to recover lost phone
camera recovery
free online programming course (probably expired by now)
python for beginners
good PC programs to have
algorithms everyone should know
modify your browser's fingerprint

Misc:

common chess mistakes
what to say to kids instead of "be careful"
how to tie the strongest knot
M to F sex reassignment surgery gif (NSFW)
Terry Pratchett quote on satire
DIY concrete mantle
hierarchy of discourse
just a funny hamster video
growing potatoes
Michael Scott on hate crimes
tips for buying a used car
how to bowl a strike
AI experts from top universities slam ‘predictive policing’ tools in new statement and warn technology could 'fuel misconceptions and fears that drive mass incarceration'
correlation between gut biome imbalance and other issues
C&H it couldn't be avoided
happy halloween meme
gif of "fuck" from SNL
picture cube
good place to get glasses
the gymnast allergic to everything
psychological life hacks
critical thinking
educational websites image
opening things
diagnosing an engine based on spark plugs
austrian choir of 1982 (shitposting in modmail)
mental exercises to reduce dementia
loaded pretzel bombs
roll a coin across your knuckles
solar micro grid
reverse/parallel park
roadtrip playlist
fun hobbies for under $50
the 100 jokes that shaped modern comedy
catholic/bishop accountability
atheist parent resources
ideas for movies to watch
replace your brake pads for <$40
something about adware
signing up for clinical trials
ordering glasses
getting to yes
that's a peanut
cryptogram solver
copypasta of creepy gifs
bertram russell's "why I am not a christian"
recommended movie about time travel
biblical contradictions
continuum season 3 webisodes
religious arguments
transhumanism for kids
free stuff on the internet
record video and stream it to a remote server
amazon's 100 books to read in your lifetime
critical consensus of historicity of books of the bible
how to get started in dogecoin I think
cool websites to bookmark
learn skills online
55 great books under 200 pages
software to install on a new PC
telescope beginner's advice
cool short story
stories with aliens
scifi ebook to read
create a roth ira
muscle reading
hip new thing called "duolingo" or smth
introduction to transhumanism
how to keep your engine bay clean
hedge fund analyst research writeup
discussion of paranormal
get an SMS if there is an emergency nearby
debunking some YEC stuff
art of public speaking
being confident
interview with Malala
practicing another language
glass/bottle cutter
watch documentaries for free
watch nikelodeon online
pale blue dot
bunch of free textbooks
food allergies facts, myths, and pseudoscience
list of banned books by reading level
mindfuck movies
ebook with random esoteric skills
save money on prescriptions
learn electrical engineering
websites for learning
design lego projects
horror books to check out
sci fi movies to check out
40 awkward questions to ask a christian
good list of subreddits
free ebooks

just wanted to reference for latereddit stuff

https://www.reddit.com/OutOfTheLoop/comments/b1hct4/why_is_everyone_talking_about_the_ootl_mods/
not sure why I saved this but here you go: https://www.reddit.com/videos/comments/ggowxj/on_may_8_2005_one_of_the_greatest_videos_in_the/
mod drama
mfw muting someone
also mfw muting someone
mfw muting someone else
https://www.reddit.com/unpopularopinion/comments/b0hg3u/if_you_got_triggered_over_un8thegr8_youre_a_pussy/
thinking about those beans
some shit trashy mods did
fragile white redditors
I locked a thread to "prevent police from commenting" (aka I'm hilarious)
day of the spread
day of the spread also
summoning bots (saved over a year ago, they're probably all banned now)
n8 mods ihatewhitepeople
april fools 2019
community points
what does it mean to be not the onion
modmail search
angry at the admins
SPS notices the banout
darkjokes fragility boogaloo
top mod of upliftingnews mod-abusing
fortinbraz's bookmarklet thing on karmabots
one click reporting userscript
how to turn off push notifications
a tidbit about the sorting algorithm
threepanelpuns template
imgur info userscript
j0be's poweruser imgur script
shitposting from imgur by j0be
good piece of advice from gaywallet
bookmarklet to unhide everything on your hidden page
funny thing from centuryclubdrama
image about reposts
j0be bookmarklet to delete everything from your userpage
some javascript thing idk
[exchange karma for bitcoin (is this still even a thing?)](https://www.reddit.com/Bitcoin/comments/zqocl/exchange_your_karma_for_bitcoin_reddit_bitcoin/}
zadoc's HQG tutorial
another javascript thing idk
preggit's well rounded meme
all these saved items, and you had to be salty
mods who distinguish
mat01ss tutorial on giffing
mat01ss tutorial 2
mat01ss tutorial 3
another j0be script
shittywatercolour painted a comment I made
python script idk
centuryclub intro copypasta
reddit API that the1rgood wrote
ruby API thing
user history reddit bot
submitted by N8theGr8 to N8theGr8 [link] [comments]

Fastest and easiest way without a minimum purchase or high fees for customers to obtain NANO? (USA)

Hello Nano community,
Some of you may know me from /nanotrade or elsewhere, I generally am bullish on NANO and try to do my part to help spread adoption and awareness. I also run several e-commerce websites utilizing the open source Zen-Cart as my back end. Lately, and not so lately but in general, I have encountered issues with various payment processors (which actually led me to Nano in the first place, as well as a general interest in Cryptocurrency).
While there are solutions to dealing with the more stringent regulations enforced by payment processing companies, many of these require my customers to download third party apps or sign up for third party services. Not too dissimilar to how Paypal requests a user to be logged in before sending a payment in fact. Anyways, so while setting up my websites again today after losing another payment processor over the weekend, I have come to the decision, why not try and introduce my customer base to Nano and present it less so as a cryptocurrency, but more so as a digital decentralized payment solution? I have tried accepting cryptocurrencies before, however many of my customers, at least for my main e-commerce website are older and not so tech oriented. Just seeing that I accepted "Cryptocurrency" and "Bitcoin" as an option was enough to scare some of these people away. Ironically, I noticed more sales when I completely removed this payment option and all mentions of it from my website. Funny how that works.
Anyways, since I am in the middle of setting up additional payment methods, I figured now would be a good time to attempt the above with Nano, and offer a link on the "Pay with Nano" page during the check-out process for my customers to decide if they would like to try it out. My only concern, many of these people being older and technophobic, is that the process for obtaining the Nano they want to spend may be too much work and not something they would be interested in. Especially if it involves things like scanning IDs or providing more information than a simple credit or debit card number and a name. Ideally, this would be the only information they need to provide, with the ability to purchase any amount (most orders placed are between $25-$100), without paying an outrageous fee (which I will offer an incentive to cover for anyways I think). An instant transfer would also be a prerequisite. Something as fast as it takes to sign up for Cash App for example.
So, am I asking too much? Do such services exist yet in the US?
Quick rundown:
-Low fees
-No minimum or low minimum
-Non-invasive signup process
-No wait
Another thing worth mentioning, and hopefully this can provide the right people with an idea which I think could really help improve Nano adoption if implemented, was that I noticed some competitors of mine are accepting something called "PMC Coin", which is claimed to be a gold backed cryptocurrency. The gold bit is not important I do not think. What is impressive however, is that these vendors are able to provide this crypto as an option during the checkout process, and upon hitting submit, the customer is brought to the PMC Coin website, where they are presented with a form for purchasing this crypto. I have not tried going further than this, but the form contains all the required fields for a credit and debit purchase, as well as the price for the purchase being exactly what the price was for the requested items during the check-out on the forwarding website. It appears that upon purchase, the credit/debit card payment is sent to the PMC Coin sellers, and the PMC Coin in an equivalent amount is sent to the vendor. I assume the fees are offloaded onto the vendor at this point. While I have no interest in this asset in the slightest, I have to commend them on this solution, and I really hope we can see something like this emerge from the Nano community. It could be the killer app we have all been waiting for to spur adoption perhaps.
I will essentially be manually doing something like this for my customers, albeit with links and instructions, however as mentioned, the more streamlined the process is, the better. I am sure they will have an easy enough time with Natrium, and I am excited to introduce some new people into the space. But most of all I just want a simple ability to be able to keep my shop online without having to bow down to the banks and