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Putting $400M of Bitcoin on your company balance sheet

Also posted on my blog as usual. Read it there if you can, there are footnotes and inlined plots.
A couple of months ago, MicroStrategy (MSTR) had a spare $400M of cash which it decided to shift to Bitcoin (BTC).
Today we'll discuss in excrutiating detail why this is not a good idea.
When a company has a pile of spare money it doesn't know what to do with, it'll normally do buybacks or start paying dividends. That gives the money back to the shareholders, and from an economic perspective the money can get better invested in other more promising companies. If you have a huge pile of of cash, you probably should be doing other things than leave it in a bank account to gather dust.
However, this statement from MicroStrategy CEO Michael Saylor exists to make it clear he's buying into BTC for all the wrong reasons:
“This is not a speculation, nor is it a hedge. This was a deliberate corporate strategy to adopt a bitcoin standard.”
Let's unpack it and jump into the economics Bitcoin:

Is Bitcoin money?

No.
Or rather BTC doesn't act as money and there's no serious future path for BTC to become a form of money. Let's go back to basics. There are 3 main economic problems money solves:
1. Medium of Exchange. Before money we had to barter, which led to the double coincidence of wants problem. When everyone accepts the same money you can buy something from someone even if they don't like the stuff you own.
As a medium of exchange, BTC is not good. There are significant transaction fees and transaction waiting times built-in to BTC and these worsen the more popular BTC get.
You can test BTC's usefulness as a medium of exchange for yourself right now: try to order a pizza or to buy a random item with BTC. How many additional hurdles do you have to go through? How many fewer options do you have than if you used a regular currency? How much overhead (time, fees) is there?
2. Unit of Account. A unit of account is what you compare the value of objects against. We denominate BTC in terms of how many USD they're worth, so BTC is a unit of account presently. We can say it's because of lack of adoption, but really it's also because the market value of BTC is so volatile.
If I buy a $1000 table today or in 2017, it's roughly a $1000 table. We can't say that a 0.4BTC table was a 0.4BTC table in 2017. We'll expand on this in the next point:
3. Store of Value. When you create economic value, you don't want to be forced to use up the value you created right away.
For instance, if I fix your washing machine and you pay me in avocados, I'd be annoyed. I'd have to consume my payment before it becomes brown, squishy and disgusting. Avocado fruit is not good money because avocadoes loses value very fast.
On the other hand, well-run currencies like the USD, GBP, CAD, EUR, etc. all lose their value at a low and most importantly fairly predictible rate. Let's look at the chart of the USD against BTC
While the dollar loses value at a predictible rate, BTC is all over the place, which is bad.
One important use money is to write loan contracts. Loans are great. They let people spend now against their future potential earnings, so they can buy houses or start businesses without first saving up for a decade. Loans are good for the economy.
If you want to sign something that says "I owe you this much for that much time" then you need to be able to roughly predict the value of the debt in at the point in time where it's due.
Otherwise you'll have a hard time pricing the risk of the loan effectively. This means that you need to charge higher interests. The risk of making a loan in BTC needs to be priced into the interest of a BTC-denominated loan, which means much higher interest rates. High interests on loans are bad, because buying houses and starting businesses are good things.

BTC has a fixed supply, so these problems are built in

Some people think that going back to a standard where our money was denominated by a stock of gold (the Gold Standard) would solve economic problems. This is nonsense.
Having control over supply of your currency is a good thing, as long as it's well run.
See here
Remember that what is desirable is low variance in the value, not the value itself. When there are wild fluctuations in value, it's hard for money to do its job well.
Since the 1970s, the USD has been a fiat money with no intrinsic value. This means we control the supply of money.
Let's look at a classic poorly drawn econ101 graph
The market price for USD is where supply meets demand. The problem with a currency based on an item whose supply is fixed is that the price will necessarily fluctuate in response to changes in demand.
Imagine, if you will, that a pandemic strikes and that the demand for currency takes a sharp drop. The US imports less, people don't buy anything anymore, etc. If you can't print money, you get deflation, which is worsens everything. On the other hand, if you can make the money printers go brrrr you can stabilize the price
Having your currency be based on a fixed supply isn't just bad because in/deflation is hard to control.
It's also a national security risk...
The story of the guy who crashed gold prices in North Africa
In the 1200s, Mansa Munsa, the emperor of the Mali, was rich and a devout Muslim and wanted everyone to know it. So he embarked on a pilgrimage to make it rain all the way to Mecca.
He in fact made it rain so hard he increased the overall supply of gold and unintentionally crashed gold prices in Cairo by 20%, wreaking an economic havoc in North Africa that lasted a decade.
This story is fun, the larger point that having your inflation be at the mercy of foreign nations is an undesirable attribute in any currency. The US likes to call some countries currency manipulators, but this problem would be serious under a gold standard.

Currencies are based on trust

Since the USD is based on nothing except the US government's word, how can we trust USD not to be mismanaged?
The answer is that you can probably trust the fed until political stooges get put in place. Currently, the US's central bank managing the USD, the Federal Reserve (the Fed for friends & family), has administrative authority. The fed can say "no" to dumb requests from the president.
People who have no idea what the fed does like to chant "audit the fed", but the fed is already one of the best audited US federal entities. The transcripts of all their meetings are out in the open. As is their balance sheet, what they plan to do and why. If the US should audit anything it's the Department of Defense which operates without any accounting at all.
It's easy to see when a central bank will go rogue: it's when political yes-men are elected to the board.
For example, before printing themselves into hyperinflation, the Venezuelan president appointed a sociologist who publicly stated “Inflation does not exist in real life” and instead is a made up capitalist lie. Note what happened mere months after his gaining control over the Venezuelan currency
This is a key policy. One paper I really like, Sargent (1984) "The end of 4 big inflations" states:
The essential measures that ended hyperinflation in each of Germany,Austria, Hungary, and Poland were, first, the creation of an independentcentral bank that was legally committed to refuse the government'sdemand or additional unsecured credit and, second, a simultaneousalteration in the fiscal policy regime.
In english: *hyperinflation stops when the central bank can say "no" to the government."
The US Fed, like other well good central banks, is run by a bunch of nerds. When it prints money, even as aggressively as it has it does so for good reasons. You can see why they started printing on March 15th as the COVID lockdowns started:
The Federal Reserve is prepared to use its full range of tools to support the flow of credit to households and businesses and thereby promote its maximum employment and price stability goals.
In english: We're going to keep printing and lowering rates until jobs are back and inflation is under control. If we print until the sun is blotted out, we'll print in the shade.

BTC is not gold

Gold is a good asset for doomsday-preppers. If society crashes, gold will still have value.
How do we know that?
Gold has held value throughout multiple historic catastrophes over thousands of years. It had value before and after the Bronze Age Collapse, the Fall of the Western Roman Empire and Gengis Khan being Gengis Khan.
Even if you erased humanity and started over, the new humans would still find gold to be economically valuable. When Europeans d̶i̶s̶c̶o̶v̶e̶r̶e̶d̶ c̶o̶n̶q̶u̶e̶r̶e̶d̶ g̶e̶n̶o̶c̶i̶d̶e̶d̶ went to America, they found gold to be an important item over there too. This is about equivalent to finding humans on Alpha-Centauri and learning that they think gold is a good store of value as well.
Some people are puzzled at this: we don't even use gold for much! But it has great properties:
First, gold is hard to fake and impossible to manufacture. This makes it good to ascertain payment.
Second, gold doesnt react to oxygen, so it doesn't rust or tarnish. So it keeps value over time unlike most other materials.
Last, gold is pretty. This might sound frivolous, and you may not like it, but jewelry has actual value to humans.
It's no coincidence if you look at a list of the wealthiest families, a large number of them trade in luxury goods.
To paraphrase Veblen humans have a profound desire to signal social status, for the same reason peacocks have unwieldy tails. Gold is a great way to achieve that.
On the other hand, BTC lacks all these attributes. Its value is largely based on common perception of value. There are a few fundamental drivers of demand:
Apart from these, it's hard to argue that BTC will retain value throughout some sort of economic catastrophe.

BTC is really risky

One last statement from Michael Saylor I take offense to is this:
“We feel pretty confident that Bitcoin is less risky than holding cash, less risky than holding gold,” MicroStrategy CEO said in an interview
"BTC is less risky than holding cash or gold long term" is nonsense. We saw before that BTC is more volatile on face value, and that as long as the Fed isn't run by spider monkeys stacked in a trench coat, the inflation is likely to be within reasonable bounds.
But on top of this, BTC has Abrupt downside risks that normal currencies don't. Let's imagine a few:

Blockchain solutions are fundamentally inefficient

Blockchain was a genius idea. I still marvel at the initial white paper which is a great mix of economics and computer science.
That said, blockchain solutions make large tradeoffs in design because they assume almost no trust between parties. This leads to intentionally wasteful designs on a massive scale.
The main problem is that all transactions have to be validated by expensive computational operations and double checked by multiple parties. This means waste:
Many design problems can be mitigated by various improvements over BTC, but it remains that a simple database always works better than a blockchain if you can trust the parties to the transaction.
submitted by VodkaHaze to badeconomics [link] [comments]

Subreddit Stats: programming top posts from 2019-10-22 to 2020-10-21 06:41 PDT

Period: 364.67 days
Submissions Comments
Total 1000 180545
Rate (per day) 2.74 491.84
Unique Redditors 629 34951
Combined Score 1178903 2688497

Top Submitters' Top Submissions

  1. 47468 points, 49 submissions: iamkeyur
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    6. Slack Is Fumbling Developers And The Rise Of Developer Discords (2095 points, 811 comments)
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  5. 14578 points, 9 submissions: magenta_placenta
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    3. Stripe Workers Who Relocate Get $20,000 Bonus and a Pay Cut - Stripe Inc. plans to make a one-time payment of $20,000 to employees who opt to move out of San Francisco, New York or Seattle, but also cut their base salary by as much as 10% (2765 points, 989 comments)
    4. US court fully legalized website scraping and technically prohibited it - On September 9, the U.S. 9th circuit court of Appeals ruled that web scraping public sites does not violate the CFAA (Computer Fraud and Abuse Act) (2014 points, 327 comments)
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    3. Playing Around With The Fuchsia Operating System (696 points, 164 comments)
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    6. GitHub shuts off access to Aurelia repository, citing trade sanctions (478 points, 81 comments)
    7. How 3D Game Rendering Works: Texturing (475 points, 22 comments)
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    10. It’s OK for your open source library to be a bit shitty (411 points, 130 comments)
  9. 10635 points, 8 submissions: michalg82
    1. Turning animations to 60fps using AI (3449 points, 234 comments)
    2. Bug #1463112 “Cat sitting on keyboard crashes lightdm” (3150 points, 143 comments)
    3. Heroes Of Might And Magic III engine written from scratch (open source, playable) (1431 points, 172 comments)
    4. Vulkan is coming to Raspberry Pi: first triangle - Raspberry Pi (1318 points, 66 comments)
    5. An EPYC trip to Rome: AMD is Cloudflare's 10th-generation Edge server CPU (431 points, 60 comments)
    6. Microsoft cancels GDC 2020 presence due to coronavirus concerns (Following Sony, Facebook, Kojima Productions, Epic Games, Unity, and more) (371 points, 52 comments)
    7. Moving from reCAPTCHA to hCaptcha - The Cloudflare Blog (278 points, 71 comments)
    8. How much of a genius-level move was using binary space partitioning in Doom? (207 points, 109 comments)
  10. 10106 points, 10 submissions: SerenityOS
    1. Someone suggested I should host my website on my own OS. For that we'll need a web server, so here's me building a basic web server in C++ for SerenityOS! (2269 points, 149 comments)
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    8. This morning I ported git to SerenityOS. It took about an hour and some hacks, but it works! :D (547 points, 64 comments)
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    10. Introduction to SerenityOS GUI programming (390 points, 45 comments)

Top Commenters

  1. XANi_ (10753 points, 821 comments)
  2. dnew (7513 points, 641 comments)
  3. drysart (7479 points, 202 comments)
  4. MuonManLaserJab (6666 points, 233 comments)
  5. SanityInAnarchy (6331 points, 350 comments)
  6. AngularBeginner (6215 points, 59 comments)
  7. SerenityOS (5627 points, 128 comments)
  8. chucker23n (5465 points, 370 comments)
  9. IshKebab (4898 points, 393 comments)
  10. L3tum (4857 points, 199 comments)

Top Submissions

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  2. hentAI: Detecting and removing censors with Deep Learning and Image Segmentation by 7cmStrangler (9621 points, 395 comments)
  3. US Politicians Want to Ban End-to-End Encryption by CarrotRobber (9427 points, 523 comments)
  4. From August, Chrome will start blocking ads that consume 4MB of network data, 15 seconds of CPU usage in any 30 second period, or 60 seconds of total CPU usage by speckz (8434 points, 590 comments)
  5. Mozilla: The Greatest Tech Company Left Behind by matthewpmacdonald (7566 points, 1087 comments)
  6. Bubble sort visualization by pedrovhb (7218 points, 276 comments)
  7. During lockdown my wife has been suffering mentally from pressure to stay at her desk 100% of the time otherwise after a few minutes her laptop locks and she is recorded as inactive. I wrote this small app to help her escape her desk by periodically moving the cursor. Hopefully it can help others. by silitbang6000 (7193 points, 855 comments)
  8. It is perfectly OK to only code at work, you can have a life too by whackri (6765 points, 756 comments)
  9. Blockchain, the amazing solution for almost nothing by imogenchampagne (6725 points, 1561 comments)
  10. Blockchain, the amazing solution for almost nothing by jessefrederik (6524 points, 1572 comments)

Top Comments

  1. 2975 points: deleted's comment in hentAI: Detecting and removing censors with Deep Learning and Image Segmentation
  2. 2772 points: I_DONT_LIE_MUCH's comment in 20GB leak of Intel data: whole Git repositories, dev tools, backdoor mentions in source code
  3. 2485 points: api's comment in Stripe Workers Who Relocate Get $20,000 Bonus and a Pay Cut - Stripe Inc. plans to make a one-time payment of $20,000 to employees who opt to move out of San Francisco, New York or Seattle, but also cut their base salary by as much as 10%
  4. 2484 points: a_false_vacuum's comment in Stack Overflow lays off 15%
  5. 2464 points: iloveparagon's comment in Google engineer breaks down the problems he uses when doing technical interviews. Lots of advice on algorithms and programming.
  6. 2384 points: why_not_both_bot's comment in During lockdown my wife has been suffering mentally from pressure to stay at her desk 100% of the time otherwise after a few minutes her laptop locks and she is recorded as inactive. I wrote this small app to help her escape her desk by periodically moving the cursor. Hopefully it can help others.
  7. 2293 points: ThatInternetGuy's comment in Iranian Maintainer refuses to merge code from Israeli Developer. Cites Iranian regulations.
  8. 2268 points: xequae's comment in I'm a software engineer going blind, how should I prepare?
  9. 2228 points: turniphat's comment in AWS forked my project and launched it as its own service
  10. 2149 points: Rami-Slicer's comment in 20GB leak of Intel data: whole Git repositories, dev tools, backdoor mentions in source code
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submitted by flpezet to subreddit_stats [link] [comments]

My college essay on Bitcoin and computers. First Draft. Thought you all might like this.

I always thought computers were simple. At their fundamental level, they are just 1s and 0s. An invisible dance of yes’s and no’s running through a sheet of silicon at billions of times per second. Computers are amazing and unique machines that will forever be apart of our lives. Our sheer dependence on computers motivated me to research the topic? As my understanding of this concept grew, so did my curiosity. I started researching computers as much as I could. I would spend hours a day browsing Youtube and reading articles just to satisfy my interest. That’s why when my dad first brought up the topic of bitcoin during my freshman year, I wasn’t surprised to hear his enthusiasm. I had learned much about this currency over my couple years of research, but I knew very little about how to actually make money off it. He had been tracking the price for a few months and was considering buying a few, just to see what would happen. Little did either of us know; the price of this virtual coin would multiply nearly 30 times in just a few short months.
A few weeks passed and eventually he brought up the topic of buying bitcoin again. His initial interest inspired me to look more into currency and how it worked. I told my dad there was another way to make money off of bitcoins: Bitcoin miners. These impressive and powerful computers are precisely optimized to earn these coins, and I knew I could make one. I explained how this was my once in a lifetime opportunity, like how he explained to me that he missed out on investing in Apple in the 80s. “It could be a money-printing machine,” I joked. With our excitement peaked, we decided to split the $2,000 investment 50/50, and I started the buying process.
I started the process by buying the parts of the machine. I had learned that like Legos, a computer consists of simple components to make the whole. However, unlike an ordinary everyday computer, ours would have a concentrated task. Mining bitcoin is not a complicated process for a computer to do. In essence, by completing simple math problems as quickly as possible, a computer process’ bitcoin transactions from around the world and is rewarded in a tiny fraction of a coin. As more and more transactions take place, the higher the demand for processing, and the higher the reward.
I was lucky enough to know how to build the computer. However, what I was not prepared for was the constant troubleshooting and maintenance I would have to give to this project. Sometimes the computer would simply turn off randomly, sometimes a part was not detected, and other times it merely just ran at half its optimized rate. I learned how to fix issues where there was no logical reason for the problem. Like a calculator, I always thought a computer could never mess up. My hundreds of hours of troubleshooting and blind hope quickly changed my view. I put a vast amount of free time into the project, knowing that potential it had. After lots of hard work, long nights, and determination, I had finally completed my dream project.
I was proud of what I had created. The computer was placed in my room and was like a pet. The loud but rhythmic fans helped me fall asleep, and the heat kept me warm during the winter. From school, I would monitor the machine, and if it had run into an error, I would simply restart it from my phone. My plan was working, and in a little over half a year, our investment should turn into profit. In only a few months, we were already halfway to making our money back. We were lucky because the price of bitcoin itself had doubled since we started, going from nearly $10,000 to $20,000 in a few short months, but as I looked at my account, I had no bitcoin. A few days earlier, hackers had stolen $64 million dollars from the company I mined with.
I felt like a victim. I had done everything right. I built the computer perfectly, I managed everything, I put the time in, and I put the effort in. I was robbed, and I was discouraged. Forced with no other option, we restarted our operation. Bitcoin was still increasing in price, we thought, so there was no reason to stop now. Our operation had restarted and was going well, but for the first time since we started, the price of bitcoin was not doing so well. The bubble was about to burst. It began with my hack, which made national news and hurt the price. Although the price recovered in a few weeks, it was going down again, fast. Believing it would improve, my dad and I decided to hold and not sell. A month later, Bitcoin was back to $8,000 per coin. The fad was over, and we couldn’t even make a profit over our cost of electricity. Again, I was robbed. I did nothing wrong and still lost almost everything. I decided to put the computer in a box and wait a few months; however, the wait was worthless. The coin plateaued at about $10,000, and it simply was not sustainable to continue mining. A year later, we sold the computers for parts and managed to make back about half our initial investment. It was over.
I had lost over $1,000 and months of time and effort. However, as I moved on and started to reflect on the experience, I was the winner. I learned so much about computers and how they operate. In the end, I had learned many skills, from patience and compassion to planning and researching. I had learned not only to build a computer but to manage systems and multitask. I learned countless lessons and gained essential and unique skills that I hope will carry me throughout life. This unique experience has taught me to always keep trying at what I believe in. There’s always an award for doing whatever I think is right. I hope to bring these beliefs and lessons with me throughout life, as I learn and grow from what I was taught. Whenever people ask me what computers are, I always laugh and explain how a computer is just a bunch of simple lego bricks working together to do complicated tasks. However, inside I still have trouble answering this simple question. It is merely just parts working together, but a computer is so much more complicated and beautiful than that. Honestly, I still don’t understand them.
submitted by NetgearX6S4000 to Bitcoin [link] [comments]

Jack Dorsey Details Twitter's Blockchain Strategy at Oslo Freedom Forum

When Twitter and Square CEO Jack Dorsey spoke at the virtual Oslo Freedom Forum 2020 on Friday, he said blockchain technology is the future of Twitter.
“Blockchain and bitcoin point to a future, point to a world, where content exists forever,” Dorsey said. “We’re not in the content hosting business anymore, we’re in the discovery business.”
In short, Dorsey expects the nonprofit Blue Sky to create an open Twitter protocol, which users can contribute to and access data from instead of a centralized service where the social media platform hosts content on its website.
“[Blue Sky] is a completely separate nonprofit from the company [Twitter],” Dorsey said. “We’ll focus on becoming a client of it so we can build a compelling service and business where anyone can access and anyone can contribute.”
He added the nonprofit is still looking to hire at least five roles, tasked with creating a public blockchain platform.
“You see this most fundamentally in bitcoin and in blockchain,” Dorsey said, describing the shift from centralized service providers to diverse network participants. “The keys will be more and more in the hands of the individual.”
As for Bitcoin Twitter, as it exists today, Dorsey broadly spoke to the importance of safeguarding users’ identities, which may be the key to healthy discourse. Plus, Twitter’s staff are amping up reliance and machine-learning tools to help identify non-authentic user behavior, aka propaganda.
“I appreciate the difference between anonymity and pseudonymity,” he said. “Pseudonymity is built identity. … We want to protect that,” he said.
The appearance comes after the now-infamous Twitter hack of July 2020, when the platform suffered its most prominent attack in years. A 17-year-old hacker is still being tried for multiple fraud charges in Florida for infiltrating some of the world’s most prominent accounts and soliciting bitcoin payments.
“Security is not anything that can ever be perfected, it’s a constant race,” Dorsey said. “The more we’re giving the individual the keys, the safer we’re going to be.”
Originally published by Leigh Cuen | September 25, 2020 Coindesk
submitted by kjonesatjaagnet to JAAGNet [link] [comments]

With Bitcoin Suddenly Surging, Canaan Stock Is Also Going Up Today

With Bitcoin Suddenly Surging, Canaan Stock Is Also Going Up Today



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We need all users to enroll on our platform to access the Bitcoin Trader platform. The sign up method is easy and solely takes a couple of minutes. You'll be able to forever contact our customer service team if you wish helpour Bitcoin Trader account for our trading robot to position trades on your behalf. We tend to need all users to possess a minimum of $250 in their account before accessing our web trader platform. This quantity is enough to require positions price lots of thousands of dollars when using leverage.

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You do not would like any expertise to trade with the Bitcoin Trader app. We tend to are ninety nine.99percent automatic, that means that live trading involves terribly little manual input. Moreover, we tend to offer comprehensive guides and tutorials to help users set up a live trading account.
ognized by the US Trading Association as the foremost profitable crypto robot in 20twenty. Whereas results rely on market conditions, a number of our traders have seen profits of more than four
What is the minimum deposit withBitcoin freedom
You'll be able to trade with us by depositing just $250. The additional you deposit, the more earning potential you have in a very single day. However, we have a tendency to encourage our users to begi
We have a tendency to are tested and verified by prime trading review sites. Our trading platform is cutting-edge. Moreover, we have a tendency to operate in collaboration with highly reputable brokers. We have a tendency to work absolutely transparently and publish all the data that users need to get started with our trading robot
The Bitcoin Trader trading platform is internet-based mostly and accessible through all major browsers on desktop and mobile. You can also install an HTML5 version of our net-trader on any mobile device. We tend to are coming up with to release native apps for Android and iOS by the top of the year.
Bitcoin Trader is a trading robot powered by cutting-edge AI technology. We have a tendency to have a possible daily return on investment of up to four hundredp.c. We have a tendency to have over five thousand reviews on TrustPilot, and at least 90percent of our reviewers are happy with our platformn
Are there hidden fees with Bitcoin Trader?
Our fees are fully transparent. You can download a listing of trading fees from the platform’s management dashboard. We have a tendency to only charge a little commission on profits earned through our trading robot
We have a tendency to settle for registrations from over a hundred thirty countries across the world. Most of our purchasers are from the UK, the US, some elements of Africa, and Asia. We have a tendency to are on the market in your country if you can access our Bitcoin Trader website while not employing a VPN.

We aim to assist normal people reap important returns from cryptocurrency trading. With us, you get exposure to over forty five Bitcoin contracts for variations (CFDs). Common crypto pairs you'll trade with us embrace BTC/USD, BTC/GBP, BTC/EUR, and BTC/XRP.

1) Register: Registering with the Bitcoin Trader app is straightforward. Scroll to the high of this page and submit the specified details through the registration kind.

We require users to verify your phone range and email, since this is often what you'll use for multi-factor authentication. Yet, our partner brokers verify the identity of all users per regulators’ understand your customer (KYC) requirements.

a pair of) eposit: You wish to deposit a minimum of $250 US to trade with the Bitcoin Trader software. We tend to depend on our partner brokers to facilitate transactions, and all of our partners are absolutely regulated by government authorities. With regulated brokers, you'll rest simple knowing that your funds are safe.
You'll fund your account through wire transfer, MoneyGram, Western Union, FasaPay, Visa, MasterCard, Neteller, WebMoney, and Skrill.


three) Trading Education and Demo: We have a tendency to are an auto-trading robot, however we have a tendency to do enable our users some level of management, especially when it comes to risk management. Consequently, our Bitcoin Trader official website encourages you to travel through our trading education section to familiarize yourself with the chance management process.
Our highly intuitive demo platform ought to additionally facilitate your observe trading with the robot before you begin trading during a live account Bitcoin Freedom

The platform needs that you just define the trading conditions for the robot and activate the live trading session button. We have a tendency to encourage you to depart the robot running throughout the day within the background. You'll be able to let it run unmonitored for up to eight hour
We tend to have recently been nominated as the most profitable robot for BTC trading in 20twenty. Moreover, we are one of the trading robots that has been extensively covered by mainstream media. Bitcoin Trader has thousands of reviews on client feedback platforms
Bitcoin Trader was one amongst the primary robots to use high-frequency trading techniques to BTC trading. The robot was founded in 2015, nearly two years before the crypto boom in 2017.
Bitcoin Trader uses AI and ML to create sense of big knowledge, which allows it to trade with high accuracy.
Our trading platform became an on-line sensation in mid-2017, and it has maintained its popularity since then. Bitcoin Trader is the simplest possibility for many beginner and experienced traders.
Bitcoin Trader allows you to earn a daily profit of up to $1,00zero by investing simply $250. That’s a potential return on investment of up to four hundredpercent.
Do celebrities recommend the Bitcoin trader software?

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We tend to are highly widespread and hence a prime target for celebrity gossip. There are viral rumours that we have a tendency to have been endorsed by Elon Musk, Richard Branson, and Jeff Bezos.

Elon Musk – The founder of SpaceX has invested in Bitcoin and expressed interest in artificial intelligence, however he has not invested employing a trading robot.
Richard Brandson – Branson is another celebrity alleged to own invested using Bitcoin Trader. While it's true that he loves Bitcoin and blockchain technology, he hasn’t endorsed any trading robot.
Jezz Bezos – Bezos is also a big fan of emerging technologies, however he hasn’t shown any interest in BTC trading through revolutionary robots like Bitcoin Trader.

You ought to never build an investment decision based mostly on whether or not a star has endorsed or invested in it. Bitcoin Trader has been tested and licensed by specialists.

The verdict about Bitcoin Trader
We tend to are a prime-rated crypto trading robot with nice reviews on sites like TrustPilot and ForexPeaceArmy. Moreover, we have been recognized as legit and profitable by authoritative bodies like the US Trading Association.

We have a tendency to are always striving to offer the most effective to our users by regularly improving our trading platform. Our team of experts analyzes feedback from users to work out what features will create a a lot of seamless trading experience. We tend to operate in complete transparency, having partnered with some of the world’s most reputable brokers.

Our platforms are encrypted to shield you from hackers. Furthermore, we tend to also adhere to information privacy measures, like the General Information Protection Regulation (GDPR). Try out Bitcoin Trader currently through the link at the high right corner of this page.
perior over different cryptocurrencies?
LATESTBITCOINETHEREUMALTCOINSTECHNOLOGYADOPTIONBLOCKCHAINEVENTSCONTACT
PRESS RELEASEWhy is Bitcoin superior over different cryptocurrencies?Akshay KSPublished a pair of weeks agoon August 12, 2020By Akshay KS
Source: Pixabay
During this technical world, bitcoin is the foremost used digital currency all over the world. However the main question then arises within the minds of the many folks is why bitcoin is considered the foremost superior over other cryptocurrenc Bitcoin Freedom
Bitcoin is that the one method of creating transactions daily as alternative currencies. But it's its options and uniqueness that make it superior. Bitcoin and different currencies are based mostly on the cryptographic algorithms or mathematics that are encrypted, with that the user becomes the owner of the currency. Bitcoin currencies are easily accessible at Bitcoin ATM and online exchange
The main feature of the bitcoin, which makes it superior is that it is the safest option for digital transactions. These will be used for on-line searching and transfer of money too.
There are many alternative blessings to using bitcoin. A number of them are mentioned below
Decentralized and digital
Bitcoin offers the freedom of exchanging the price without representatives that proves helpful in controlling the lower fees and high funds. Bitcoin is that the faster method of transaction than others. It is secure as it is free from theft and frauds and is constant. The main advantage is that bitcoin has its homeowners whereas the bank controls the money.
Makes online looking
Normally, bitcoin will be used for on-line shopping too. Bitcoin is the opposite face of e-wallet, that is created by blockchain technology that is used to store money and will easily pay everywhere digitally. For this reason, it also makes your searching easy by which you'll be able to look from your home solely

Bitcoin is accepted globally at each corner of the planet, which makes it less volatile than local currencies or cash. This feature makes it superior because it enables us to form transactions on-line and across the boundaries
Bitcoin unable the means of tracking cash

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Bitcoin is created by blockchain technology. Blockchain is the sole technology which will either make it or break it. There are many computers which are used to keep up a permanent record of each bitcoin transactions with the help of cryptographic technique. In this approach, it becomes a lot of valuable together with the tracking of the payment. At the same time, there's no method of tracking the cash

While not any transformation method, it will be used over the entire world. It provides the simplest platform for the investment as it is free from the restrictions of governments or banks. It provides an open market and combines the simplest of gold and money.

Bitcoin provides the power to access the balance of the users with a password which is named a personal key. It additionally permits the exchange of values through the web without any middle person. Thus, bitcoin becomes safer, stuffed with privacy, and open to everyone
Unlike cash, it is not possible to form the duplicate quite bitcoin that makes it more efficient. It's protected with the technology of blockchain. Even if anyone tries to form a replica of bitcoin to use it, then the system will automatically reject it as the system recognize it as unknown

Bitcoin Freedom failed to allow two persons to transact on the one price. Once the bitcoin is transferred, its possession is also transferred. So this is the simple approach of maintaining records for any tax functions. It conjointly makes it a easy and healthier metho

Bitcoin is the foremost reliable manner of online transactions. Many questions arise in folks’s minds that are solved on websites like bitcoin revolution. One in all them was the above-mentioned question. Bitcoin provides many facilities, and it comes with more and a lot of blessings which makes it distinctive and special over different cryptocurrencies. It can be preferred as the simplest digital platform for transac


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Disclaimer: AMBCrypto US and UK Market's content is informational in nature and is not meant to be investment advice. Buying, trading or selling crypto-currencies ought to be considered a high-risk investment and every reader is advised to do their due diligence before making any decisions.
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Sign up with Bitcoin Trader nowadays to start out earning potentially thousands of greenbacks in profits daily from an initial investment of just $250. We tend to are a high-rated automated trading robot that's accessible and easy for all to use. By trading with Bitcoin Trader, you'll start generating a lot of investment income than ever beforeBitcoin Freedom

“After simply some months trading with Bitcoin Trader, I’ve made a lot of than $ten,00zero and finally understand what it’s like to measure the dream. I’m saving up my profits to quit my job and spend a year traveling.”

“I’ve been a member of Bitcoin Trader for only 47 days. But my life has already modified! Not solely have I created my 1st $1,000, however I’ve also met a number of the most incredible folks in the process. Thanks, Bitcoin Trader!”

“I used to speculate on my own, but now that I’ve used Bitcoin Trader I would never return to my recent broker. Bitcoin Trader takes manner less work and that i’ve already created thousands of greenbacks in profits in simply a few months.
“Two weeks ago, I got laid off. With no choices left, I thought my life was over. Now I’m making a lot of cash than I made at my job every and each day. Thanks, Bitcoin Trader!”

With the Bitcoin Trader software, you can probably build up to $one,500 daily from a deposit of $250. We tend to are powered by artificial intelligence technology to confirm that you just get a win rate of more than 98p.c under the right market conditions. The US Trading Association has nominated our Bitcoin Trader as the most profitable crypto trading robot on the market.
We have invested in the globe’s best trading technologies. These include the factitious intelligence subsets of natural language processing, deep learning, and machine learning. Bitcin Trader depends on these technologies to derive insights from huge data and market news.
The Bitcoin Trader app has won nearly fifteen coveted awards since launching in 2016. These include the most Profitable Robot 2020 award by the American Trading Association, the simplest Robot in Trading Technologies 2019 award, and the most Profitable Crypto Robot in 2018 Award. We have a tendency to price our customers and are contin
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submitted by cryptoerapro to u/cryptoerapro [link] [comments]

Namecoin and the future of self-sovereign digital identity.

Namecoin's motto is "Bitcoin frees money – Namecoin frees DNS, identities, and other technologies."
biolizard89 has done fantastic work on the DNS part, but let's focus on the identity use case here. Recent events have convinced me that digital identity on the internet is broken. Consider:
What was true in 1993 when cartoonist Peter Steiner wrote "On the internet, nobody knows you are a dog" is still true today. The only difference is that identity is increasingly being weaponized using AI/ML so "On the internet, nobody knows you are a bot" would perhaps be more apt.
I read the following comment from a user on slashdot yesterday:
For the time being, you can assume that this comment was written by a human being. You can click on my username, look back at my history of posts, and go, "OK, here's a bunch of posts, by a person, going back more than a decade, to the TIME BEFORE BOTS." That is, before the first year of 2020.
Since humans are likely to adopt the majority opinion, bad actors find real value in being able to control the narrative online by surrounding the reader with manufactured opinions by bots that due to advances in ML/AI are quickly becoming indistinguishable from real users. This amounts to a Sybil attack on the minds of digital content consumers and poses major threat to the integrity of our social fabric.
Apart from the recent twitter incident used for scamming, nation states have been known to create massive bot armies of fake and hijacked user accounts to try and shift the narratives regarding the Hong Kong independence protests as well as national elections. This will only increase.
Currently, our digital identity is fragmented into silo's largely controlled by government institutions and mega corporations (FAANG) based on a "Trust us" model. As recent events have proven, this is a bad model and in dire need of improvement/replacement. IMHO we need to move from "Trust us" to a "Trust but verify" model where the user is in full control of their digital identity.
Namecoin can and should play an important role in building this 'web of trust composed of self-sovereign identities" as it is neutral (no owner), permissionless and secure (merge-mined). Daniel already developed a proof of concept with NameID but what can we do to take this further?
Personally I'd like to see users create Namecoin identities and link them to their social identities (e.g. Google, Facebook, Twitter, Reddit, etc). Then whenever they create content, they sign it with their private keys. This would allow a reader to verify the content was created by the user. Content verification would have stopped the recent twitter hack, because even if the hackers would have access to internal admin tools they would not have the private keys that the users produce valid content with. "Not your keys, not your content"
Content verification is only one part. Ideally a user would like to verify the integrity of the content creator as well. E.g. has this user passed human verification in any of the linked platforms? Does a trusted linked entity vouch for the reputation or integrity of this user (e.g. a government entity, financial entity or non-governmental organization?). This would require those platforms to allow linking of Namecoin ID with their Platform ID and allow lookup and signing of metadata provided by these platforms. (e.g. UserID Y is linked to PlatformID X and completed human verification on date Z, signed Twitter).
I image users could install an extension similar to uBlock or Privacy Badger that contains human curated blacklists and heuristics that operate on Namecoin entities to perform these checks and flag or filter content and users that fail integrity checks. This would allow a users to automatically weed out potential bots and trolls but keep full control of this process themselves, avoiding potential censorship if this task would fall on the platform owners themselves (something governments are pushing for).
We could take this even further and integrate Namecoin ID's in software and hardware devices as well. This could create chains of trust to verify the entire chain of content creation and manipulation to the final content posted on a social platform. Where every entity signs the resulting content. (E.g. camera -> photoshop -> twitter post)
Apart from signing content/messages (PGP style). Namecoin could perhaps also be used for managing identity tokens in a users 'Identity wallet'. Looking into my physical wallet this could include things like credit cards, insurance cards, government issued IDs, membership cards, transportation cards, key cards, etc. This could be done similar to 'colored coins' on Bitcoin. But would have to support some type of smart contract functionality to be useful (e.g. expiring tokens, etc).
I'm not a developer nor a technical writer, but I do think we need to think long and hard about how we can solve digital identity in a way that empowers users to trust and verify the content and identities of the peers we interact with online while also respecting privacy and preventing censorship by external parties. Namecoin could be the better path to building this web of trust, but given the current pace of AI/ML and the willingness by bad actors to weaponize it at scale against users interests we might not have much time. (Apologies for the rant!)
submitted by rmvaandr to Namecoin [link] [comments]

College essay on bitcoin and computers. Thought you all might enjoy this.

I always thought computers were simple. At their fundamental level, they are just 1s and 0s. An invisible dance of yes’s and no’s running through a sheet of silicon at billions of times per second. Computers are amazing and unique machines that will forever be apart of our lives. Our sheer dependence on computers motivated me to research the topic? As my understanding of this concept grew, so did my curiosity. I started researching computers as much as I could. I would spend hours a day browsing Youtube and reading articles just to satisfy my interest. That’s why when my dad first brought up the topic of bitcoin during my freshman year, I wasn’t surprised to hear his enthusiasm. I had learned much about this currency over my couple years of research, but I knew very little about how to actually make money off it. He had been tracking the price for a few months and was considering buying a few, just to see what would happen. Little did either of us know; the price of this virtual coin would multiply nearly 30 times in just a few short months.
A few weeks passed and eventually he brought up the topic of buying bitcoin again. His initial interest inspired me to look more into currency and how it worked. I told my dad there was another way to make money off of bitcoins: Bitcoin miners. These impressive and powerful computers are precisely optimized to earn these coins, and I knew I could make one. I explained how this was my once in a lifetime opportunity, like how he explained to me that he missed out on investing in Apple in the 80s. “It could be a money-printing machine,” I joked. With our excitement peaked, we decided to split the $2,000 investment 50/50, and I started the buying process.
I started the process by buying the parts of the machine. I had learned that like Legos, a computer consists of simple components to make the whole. However, unlike an ordinary everyday computer, ours would have a concentrated task. Mining bitcoin is not a complicated process for a computer to do. In essence, by completing simple math problems as quickly as possible, a computer process’ bitcoin transactions from around the world and is rewarded in a tiny fraction of a coin. As more and more transactions take place, the higher the demand for processing, and the higher the reward.
I was lucky enough to know how to build the computer. However, what I was not prepared for was the constant troubleshooting and maintenance I would have to give to this project. Sometimes the computer would simply turn off randomly, sometimes a part was not detected, and other times it merely just ran at half its optimized rate. I learned how to fix issues where there was no logical reason for the problem. Like a calculator, I always thought a computer could never mess up. My hundreds of hours of troubleshooting and blind hope quickly changed my view. I put a vast amount of free time into the project, knowing that potential it had. After lots of hard work, long nights, and determination, I had finally completed my dream project.
I was proud of what I had created. The computer was placed in my room and was like a pet. The loud but rhythmic fans helped me fall asleep, and the heat kept me warm during the winter. From school, I would monitor the machine, and if it had run into an error, I would simply restart it from my phone. My plan was working, and in a little over half a year, our investment should turn into profit. In only a few months, we were already halfway to making our money back. We were lucky because the price of bitcoin itself had doubled since we started, going from nearly $10,000 to $20,000 in a few short months, but as I looked at my account, I had no bitcoin. A few days earlier, hackers had stolen $64 million dollars from the company I mined with.
I felt like a victim. I had done everything right. I built the computer perfectly, I managed everything, I put the time in, and I put the effort in. I was robbed, and I was discouraged. Forced with no other option, we restarted our operation. Bitcoin was still increasing in price, we thought, so there was no reason to stop now. Our operation had restarted and was going well, but for the first time since we started, the price of bitcoin was not doing so well. The bubble was about to burst. It began with my hack, which made national news and hurt the price. Although the price recovered in a few weeks, it was going down again, fast. Believing it would improve, my dad and I decided to hold and not sell. A month later, Bitcoin was back to $8,000 per coin. The fad was over, and we couldn’t even make a profit over our cost of electricity. Again, I was robbed. I did nothing wrong and still lost almost everything. I decided to put the computer in a box and wait a few months; however, the wait was worthless. The coin plateaued at about $10,000, and it simply was not sustainable to continue mining. A year later, we sold the computers for parts and managed to make back about half our initial investment. It was over.
I had lost over $1,000 and months of time and effort. However, as I moved on and started to reflect on the experience, I was the winner. I learned so much about computers and how they operate. In the end, I had learned many skills, from patience and compassion to planning and researching. I had learned not only to build a computer but to manage systems and multitask. I learned countless lessons and gained essential and unique skills that I hope will carry me throughout life. This unique experience has taught me to always keep trying at what I believe in. There’s always an award for doing whatever I think is right. I hope to bring these beliefs and lessons with me throughout life, as I learn and grow from what I was taught. Whenever people ask me what computers are, I always laugh and explain how a computer is just a bunch of simple lego bricks working together to do complicated tasks. However, inside I still have trouble answering this simple question. It is merely just parts working together, but a computer is so much more complicated and beautiful than that. Honestly, I still don’t understand them.
submitted by NetgearX6S4000 to computers [link] [comments]

"Swap" is Poised for Take-off


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How popular is DeFi?
Link, known as the leader of the oracle machine, has increased by 305.19% for the past three months, with an investment return of 17,052%, climbing to the fifth spot in the cryptocurrency ranking list by market value in the short term;
Since its issuance, YFI, which has soared 350 times all the way, has attracted 630 million US dollars of investment in 5 days, and was even dubbed the next Bitcoin in this circle;
From Comp for lending, KNC and BAL, governance tokens for decentralized exchanges, to SNX which is a stable currency payment network, various governance tokens of the DeFi ecosystem have emerged in an endless stream, stirring the blood in the market.
Such a boom is not only reflected in the currency price, but also pushes the brand new DEX based on the AMM (automated market making) model an overnight hit. UniSwap, known as the next-generation casino, has surpassed the world's first-tier centralized exchanges such as Binance, OKex, and Huobi in user activity, daily trading volume, and daily turnover.
With the rapid rise of UniSwap, the DEX threat theory has once again triggered heated discussions among the media and communities in the blockchain industry.
DEX on the Rise
The success of UniSwap is by no means something accidental. As early as 2018 when centralized exchanges suffered the hacker theft one after another, Vitalik Buterin, founder of Ethereum, predicted that the future lay in decentralized exchanges and that Ethereum, by developing a "better" decentralized platform, could empower the cryptocurrency community to regain the dominance from the centralized cryptocurrency exchange.
To realize the decentralized concept of returning to users their asset ownership, geeks in the blockchain industry have made many attempts.
Kyber Network, Bancor, Balancer, 0X, Curvefi, etc. are all DEXs based on Ethereum blocks. For a long time, affected by the performance of Ethereum and cross-chain issues, these DEXs were once stagnant.
With the lessons learned from Ethereum DEX, newcomers to the DEX have focused on high performance, high TPS, and rich assets as the ultimate goal for product development.
Amid the DEX threat theory, major exchanges have deployed their own public chain DEX products in a response to their respective development strategies: Binance launched Binance DEX on its Binance Chain, and Bittrex Exchange unveiled Ethfinex on the Ethereum and EOSfinex on the EOS blockchain, two platforms where users can exchange for fiat currencies; last year, CoinEx officially launched CoinEx Chain, a public chain dedicated to decentralized transactions, followed by CoinEx DEX.
Since the birth of the DEX in the blockchain world, this field has never run out of competition.
By independent development or other’s advantage?
From 2017 when it was established to 2019 as it stabilized, DEX has witnessed its annual trading volume skyrocketing from less than US$5 million to over US$2.5 billion. As DeFi gains fame and grows rapidly, DEX has grown into the most popular source of money, attracting a flood of speculators. In the past month, the trading volume of the global cryptocurrency market DEX has exceeded US$ 4 billion, more than twice the figure across 2019.
In the past two years, despite the increasingly in-depth exploration in the DEX, the cross-chain issue remains a stumbling block in its development path. DEX will not outperform CEX in the trading experience until a cross-chain solution is worked out.
The concept of DeFi went viral in 2019. With the continuous improvement of the DeFi ecosystem, the current Ethereum blockchain has developed into a complete decentralized financial system, covering mortgage lending, interest from deposit, leveraged trading, token exchange, identity authentication, and other infrastructure essential to traditional financial systems.
In addition to the mouth-watering profit, the DeFi ecosystem has also brought along explosive growth in both the type and quantity of digital assets, making DEX a market favorite. Compared with the DEX dedicated to public chains, the Ethereum-based DEX has been equipped with more possible functions and thus become more attractive thanks to the comprehensive supplementary infrastructure on Ethereum.
This also presents DEX pioneers with new opportunities. Dubbed “Swap’s summer”, the summer of 2020 has seen a market rush in Swap development after UniSwap became a hit.
Miniswap, Justswap, and btswap are no more innovative than UniSwap according to their product structures and white papers.
By comparison, OneSwap has injected unique essence into its product design and governance model based on UniSwap's automated market making.
Upgraded UniSwap
OneSwap, which has a double mining model + order book, has received an investment of tens of millions from CoinEx even before the product is launched. It is known that OneSwap is jointly developed by a group of technology geeks who have engaged in the cryptocurrency community for many years. The project was initiated by a member of the team in an attempt to upgrade UniSwap after he experienced the convenient AMM enabled by UniSwap.
Without limit orders, users have to trade in the price set by the platform, which, however, compromised their experience. In addition, the lack of liquidity mining and transaction mining rewards cannot reduce the losses of liquidity providers caused by unilateral market conditions.
"DEX still has much room for perfection, and could even surpass CEX in trading experience"
The OneSwap development team always believes that UniSwap still has a long way to go before it becomes the strongest DEX in the DeFi ecosystem. They have endeavored to, relying on their abundant experience in exchange product development and digital currency trading, create the most powerful DEX product in the DeFi ecosystem based on smart contracts.
OneSwap is called the “upgraded UniSwap” in the community. By the combination of the Constant Product Market Maker (CPMM) model in the Uniswap project and the on-chain order book, it reduces restrictions on users’ trading, and, through its OneSwap Wallet, improves user interaction methods and further enhances their experience in trading and product usage.
OneSwap boasts one-click token issuance and listing essential to DEX. Unlike the listing review mechanism on Binance DEX, the setting of OneSwap is more consistent with the concept of decentralization. Anyone can put his or her good projects and ideas, if any, into practice through OneSwap without permission.
In terms of product design, OneSwap will add to its function menu the Candlestick chart, order form, and depth chart according to user habits, apart from limit orders. These functions will offer OneSwap users an experience as smooth, easy-to-use, and convenient as in the CEX.
A new source of money? A two-pronged platform with transaction mining + liquidity mining
To support on-chain governance, OneSwap will issue a ERC20 governance token called ONES. The total number of ONES remains constant at 100 million, 50% of which will be used as community funds to support the construction of the OneSwap ecosystem and 50% will be owned by the OneSwap team. Community funds can be applied for through on-chain governance. 5% of the part held by the team will be unlocked initially, and the rest will be unlocked at a rate of 5% every six months until all is unlocked after four and a half years.
After the OneSwap product was launched, the OneSwap team will take part of the initially unlocked tokens as airdrop rewards for the open beta. Then OneSwap will officially start liquidity mining and transaction mining, and the governance token ONES will also be simultaneously launched on centralized trading platforms across the world. The first round of mining activities will last for one month, and mining rewards are yet to be made public.
Liquidity mining is a popular way of obtaining governance tokens in the DeFi ecosystem. Well-known DeFi projects including COMP, Cure, and Banner have all enabled liquid mining.
Transaction mining could date back to 2018 when Fcoin grew popular.
The transaction mining model initiated by Fcoin in 2018 once set off a bull market that year, pushing many investors into financial freedom in the rush of transaction mining. In addition, transaction mining based on the DeFi ecosystem is still a blue ocean, which is not common in the current market. The success of OneSwap's double mining model, if possible, would surely start a craze in the cryptocurrency market.
The OneSwap team has not yet announced specific mining rules, but disclosed that it has developed the smart contract code. To ensure the product security, OneSwap will invite three well-known security agencies in the blockchain industry to audit the code and announce the auditing results in early September at the soonest.
Conclusion
DeFi did not rise to fame without reason in 2020. Such overnight popularity is an inevitable result of Ethereum's efforts to build a decentralized consensus mechanism and improve infrastructure in the past few years. Ethereum has almost become the only public chain in the DeFi circle and the only construction base for well-known DEX. If OneSwap succeeds, it means a huge breakthrough for both DeFi and Ethereum, and decentralization in its true sense is around the corner.
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Interview With Eddie Jiang: How CoinEx Is Adapting To The Exchange Space And Growing

Interview With Eddie Jiang: How CoinEx Is Adapting To The Exchange Space And Growing
Written by chaintalk.tv
https://preview.redd.it/v238540taz751.jpg?width=1280&format=pjpg&auto=webp&s=2a852e171a74e49da802d7c12fadba452cf4cf43
We recently had the opportunity to interview the VP of ViaBTC Group, Eddie Jiang. ViaBTC Group owns popular crypto exchange CoinEx and ViaBTC Pool. In this interview Eddie discusses being the first exchange to use BCH as the base currency, ViaBTC Pool and integrating with CoinEx, new features and ambassador program, and competing with other exchanges like Binance and Huobi. Please enjoy the interview below.
How come you decided to open up CoinEx to other cryptos other than just BCH?
Eddie Jiang: CoinEx is the world’s first exchange to implement Bitcoin Cash as a base currency. At that time, it was evident that there was a demand for BCH trading markets, and we are the first to explore this opportunity. It also shows our determination to support the BCH’s development.
As CoinEx is developing, our goal becomes bigger and we are aiming at the global market. We need to constantly improve our product diversification to meet the different needs of more users, so we open up to other cryptos. In the past six months, we have listed more than 50 new tokens. Up to now, we have listed 129 cryptos and 313 markets. Besides, in addition to spot trading, CoinEx also supports perpetual contract and other derivatives trading.
How does CoinEx integrate with the ViaBTC Pool?
Eddie Jiang: ViaBTC Group announced a strategic upgrade, which included a new organizational structure, product innovations and service improvements, on 30 May.
As part of the change, the Group has established three dedicated business units (BU): the financial services BU, consisting of ViaBTC mining pool and CoinEx exchange; the infrastructure services BU, including ViaWallet and Blockchain Explorer; and the ecological development BU, focusing on the research and development of public chain technology and the construction of the ecology.
After halving, the combination of mining and finance will become closer and closer. Investing in mining machines is like buying a Bitcoin option. Miners need more flexible financial products to maintain and increase the value of assets, or hedging services. Based on this judgment, the operations of ViaBTC mining pool and CoinEx exchange will be integrated in the future to realize the financial empowerment of the mining pool to meet the diverse financial needs of miners.
Features of this integrated product upgrade can be summarized as: “ The mining pool is the wallet, and the wallet is the transaction.” ViaBTC is the world first mining pool that has a wallet embedded in the mining pool account. Users do not need to transfer the mined coins, and can realize the function of coin exchange within the wallet. For example, they can directly convert the mined coins into USDT to pay electricity bill. What’s more, users can store, deposit and withdraw their revenue, and transfer assets to CoinEx at any time without charge, as well as complete other operations on the exchange, such as purchasing wealth management products for asset preservation and appreciation. In addition, we also provide hedging services. All of the above functions can be completed in one stop in the mining pool, without the need to transfer assets between different platforms.
The exchange empowers the mining pool, and the mining pool will further bring more traffic and resources to the exchange. The two complement each other and development coordinately.
CoinEx has recently added many new features. Can you talk about what new updates were made to the platform and why you made them?
Eddie Jiang: We have always attached great importance to the development of overseas markets since our establishment, and one of our major goals this year is to cover at least 10 different languages speaking markets.
To realize this and to meet the needs of more users worldwide, CoinEx has been continuously optimizing and upgrading its operating strategies, products and services. Our product diversifications are constantly improving. As I said before, we have launched leverage trading, perpetual contract trading, and wealth management products in addition to just spot trading. However, we don’t ignore the importance of spot trading. More mainstream, popular, and high-quality tokens have been listed, and up to now, there are 129 tokens and 313 trading pairs on CoinEx.
During the epidemic, we have never slowed down our development. Lacking of the OTC service has always been a shortage for CoinEx. In March, we partner with Simplex to integrate the first fiat onramp to our platform. People now can buy crypto with their credit cards, which lowers the threshold for more people to enter the crypto world. Moreover, we announced global strategic partnership with Matrixport to provide people with large amount of fiat to crypto needs the OTC service. These newly launched services also help to attract more users.
At the same time, CoinEx has been launched in Arabic, Italian, English, Japanese, Russian, Korean and other 16 languages. Earlier we also carried out product upgrades, making the UI and function sections clearer.
In terms of operations, we launched an upgraded CoinEx Ambassador program in March. To best utilize each ambassador’s personal strengths, there are four categories of CoinEx Ambassador with different responsibilities, namely Referral Ambassador, Marketing Ambassador, Operation Ambassador, and Business Ambassador, which will expand our brand’s exposure and help CoinEx grow into a more international exchange platform.
From March until now CoinEx has seen a 100% increase in user registrations. Why is that and are you able to see where they are coming from?
Eddie Jiang: Because of the efforts mentioned above, in 2020, we’ve seen an exponential increase in activity in just the past few months alone. In this year alone, CoinEx’s daily registered users increased by 100%. These new users mainly come from markets such as the Middle East, Asia Pacific, and more.
Interestingly, we saw an uptick in traffic from the Middle East in March. User growth in Southeast Asia also picked up significantly, newly registered users increased by 133.6% in April.
With Binance, BitMex, Huobi, Bybit, and Deribit, controlling most of the crypto futures and options markets, where do you see CoinEx fitting in? How do you plan to capture market share from these large exchanges?
Eddie Jiang: We won’t compete with others. We focus on ourselves to improve products and our goal is to be better than yesterday.
Our pace is solid and steady, instead of focusing on temporary heat and flow. We have always attached great importance of spot trading, and we are committed to be responsible for users’ investment. We have set up CoinEx Institution, which is dedicated on project research. A listing committee consist of core team members review and vote on projects recommended by the CoinEx Institution. In this way, fraud projects are avoided as much as possible.
Besides, we will focus on niche areas with great potential. For example, Southeast Asia and the Middle East. CoinEx can serve users in those countries well by providing a platform with rich cryptos to trade, and will pay more efforts on refined operations in different countries.
Moreover, CoinEx has a very complete ecosystem. Financial services, infrastructure, and ecological development, the three business units complement each other. The infrastructure BU is our cornerstone and is positioned as a defensive product; the financial service BU is a cash cow and is positioned as an aggressive product; the ecological development BU focuses on the public chain ecology and is the future infrastructure.
What is the geographical breakdown of the CoinEx userbase?
Eddie Jiang: The current proportion of CoinEx’s overseas users has reached 80% of the total registered users, and mainly in Australia, Southeast Asia, North America, Middle East and South Korea.
Do you have plans to focus on any certain jurisdictions? How will you do that?
Eddie Jiang: When we evaluate regions, two things matter: policy and potential.
Whether an exchange’s business expansion in a region is smooth or not largely depends on the region’s policies. If the region is not very friendly towards cryptocurrency or has repeated attitudes, there will be more difficulties and the cost will be much higher.
For a region’s development potential, we need to think about the demand and market development status. South Korea, Southeast Asia, the Middle East and other regions are all areas with good potential for cryptocurrency development. Compared with Europe and America, policy risks in these countries are lower, and the supervision mechanism is relatively complete. The public has a high degree of awareness of cryptocurrencies. Besides, some regions or countries have inflation problems due to political and economic reasons.
CoinEx will continue to focus on the Middle East and South Asia, which are relatively niche. India has just lifted ban on cryptocurrency trading this year, and there are many cryptocurrency investors in Indian. CoinEx can serve them well by providing a platform with rich cryptos to trade. More people in the Middle East are interested cryptos, especially in countries that are subject to economic sanctions or high inflation. For those people, cryptocurrencies are one of the best choices for asset preservation.
Since the CoinEx Ambassador program launched in March, it has been almost three months. We are conducting the second round of ambassador recruitment. This time, we will use the power of ambassadors to expand our recruitment coverage and strive to attract more crypto enthusiasts from all over the world to grow together with CoinEx. Moreover, we will launch the National Expansion plan and leverage on the CoinEx and ViaBTC mining pool resources, to further explore the Russian market. At the market level, we will make more PR efforts in local markets, and start refined operations.
What is CoinEx Chain and CoinEx DEX?
Eddie Jiang: CoinEx Chain is a public chain built on the Tendermint consensus protocol and the Cosmos SDK. It consists of three dedicated public chains parallel to each other. Among these three chains, CoinEx DEX meets the most basic needs of DeFi for token issuance, transfer, and transactions. The Smart Chain is designed to meet the needs of complex financial scenarios and delivers programmable cash. The Privacy Chain facilitates privacy and security.
On November 11, 2019, we took the lead in launching the Mainnet of CoinEx DEX. CoinEx DEX is the world’s first public chain dedicated to decentralized transactions. Users can easily manage their digital assets on it.
CoinEx DEX can fully satisfy the following conditions: users have private keys at their own disposal; transfers and transactions are all completed on-chain, which is 200% transparent and checkable; the issuance, transfer, and transaction of tokens do not require review or permission; the community governance and operation is decentralized, similar to EOS, and validators are introduced to the community ecosystem construction and governance. There are currently 41 validators.
It also has extreme performance. TPS reaches as high as 10,000 and transactions are confirmed within seconds. The transaction fee, 0.0001 US dollars for each transaction, is negligible.
Third, it’s simple and easy to use. The new operation interface design helps beginners get started quickly; with the one-click token issuing module, users only need to fill in a few items to issue tokens; the built-in automated market-making module guarantees liquidity.
How will CoinEx DEX improve the decentralized exchange space that has been unable to gain much adoption?
Eddie Jiang: There are many challenges and difficulties facing centralized exchanges. The first difficulty is security. Security is a huge concern for CEXs. Over the last 10 years, hackers have stolen more than $1.5 billion from centralized exchanges. In fact, research groups estimate that hackers stole somewhere between $950 Million and $1 Billion from centralized exchanges in 2018 alone. There were also incidents of coin thefts in other exchanges in 2019. Many exchanges, such as Mt. Gox, Youbit, were forced to file for bankruptcy and shut down as a result of hacks.
The second is high management costs. Centralized exchanges need to list a large number of cryptocurrencies and each of them have different trading pairs. That entails huge efforts in development and maintenance and, thus, high management costs.
The last is global policies. Cryptocurrency is faced with different regulatory policies in different countries. Every time a centralized exchange enters a country, it needs to adapt itself to local regulatory policies for compliance. This is a holdback for the exchange’s rapid market expansion globally. Such adaptation will also bring a huge learning cost for the exchange team.
Obviously, these problems can be well solved by DEX. CoinEx DEX is a true DEX with full open source and full community governance, as well as without depending on official nodes, websites, wallets, etc. On DEX, users are able to in charge of their own private keys and assets all by themselves. Their assets are more safe and secure. Transfers and transactions are all completed on-chain, which is 200% transparent and checkable; and the issuance, transfer, and transaction of tokens do not require review or permission. What’s more, CoinEx DEX provides a great and convenient user experience.
How will CoinEx Chain and DEX help the crypto industry as a whole?
Eddie Jiang: The public chain is the cornerstone of the blockchain industry. CoinEx Chain has the parallelism of multiple dedicated public chains, each of which performs its own functions, by cross-chaining for both high performance and flexibility.
CoinEx Chain is committed to building the next generation of blockchain financial infrastructure. It is a more complete ecosystem built around the DEX public chain. The DEX public chain is a dedicated public chain developed specifically for token issuance and trading and the biggest improvement on trading speed, so it only supports the necessary functions, not smart contracts.
But smart contracts are the foundation for building more complex financial applications. Outside the DEX public chain, CoinEx Chain also includes a Smart Chain that supports smart contracts.
Moreover, as privacy issues on the current blockchain have been criticized, it is one of the core tasks of CoinEx Chain to safeguard users’ privacy. Similar to the Smart Chain, the Privacy Chain specifically supports transaction privacy protection. With cross-chain circulation, it can improve the privacy characteristic of the entire CoinEx Chain ecosystem.
Nowadays, 1.7 million people in the world have no bank accounts; however, among them, two thirds are smartphone users with huge demands for financial services. The public chain will empower DeFi applications’ development and popularization, not only help more companies to seize the huge market opportunity, but also to bring lasting transformations and improvements in people’s lives.
With so many crypto exchanges, what is the future outlook of CoinEx when it comes to the crypto exchange space?
Eddie Jiang: It has been nearly 3 years since CoinEx has been launched, but it’s quite young for an entrepreneurial team. We have seen too many projects’ failures due to governance issues. CoinEx has a very elite team with high technical and management capabilities. In terms of business, CoinEx has gradually developed with diversified business and a complete ecosystem. It’s clear that the market will still grow very fast in the future, and the market size is still very large. We will continue to improve our products, put more efforts in marketing and operations, as well as look for more high-quality projects, to increase the number of users and transactions on the platform. Lay a solid foundation, and I’m sure the time will come for us to shine.
What updates is the CoinEx team most excited for?
Eddie Jiang: We are very excited about the National Expansion Plan which will be launched later this year. It is an important part in CoinEx’s globalization strategy. We will actively explore some new markets while consolidate the original ones. CoinEx will set aside 10 million US dollars to set up a “Pioneer Fund” to support this plan. This fund will be used to support local cryptocurrency projects and promote the development of the local cryptocurrency communities through investment or cooperation. Our goal this year is to invest in projects and communities that are conducive to expanding the CoinEx ecosystem in countries with high development potential.
Original article
Click HERE to register on CoinEx
submitted by CoinExcom to btc [link] [comments]

TOR DARKNET BUNDLE (5 in 1) Master the ART OF INVISIBILITY (Bitcoins, Hacking, Kali Linux)

The ULTIMATE Guide on the Art of Invisibility!
Want to surf the web anonymously? Cloak yourself in shadow? I will show you how to become a ghost in the machine - leaving no tracks back to your ISP. This book covers it all! Encrypting your files, securing your PC, masking your online footsteps with Tor browser, VPNs, Freenet and Bitcoins, and all while giving you peace of mind with TOTAL 100% ANONYMITY.- How to Be Anonymous Online AND Offline- Step by Step Guides for Tor, Freenet, I2P, VPNs, Usenet and more- Browser Fingerprinting- Anti-Hacking and Counter-forensics Techniques- Photo & Video Metadata- How to Encrypt Files (I make this super simple)- How to Defeat NSA Spying- How to Browse the Deep Web- How to Protect Your Identity- How to Hide Anything!Tor & The Dark Art of AnonymityThe NSA hates Tor. So does the FBI. Even Google wants it gone, as do Facebook and Yahoo and every other soul-draining, identity-tracking vampiric media cartel that scans your emails and spies on your private browsing sessions to better target you - but there's hope. This manual will give you the incognito tools that will make you a master of anonymity!Covered in Tor:- Browse the Internet Anonymously- Darkcoins, Darknet Marketplaces & Opsec Requirements- Tor Hidden Servers - How to Not Get Caught- Counter-Forensics the FBI Doesn't Want You to Know About!- Windows vs. Linux Network Security- Cryptocurrency (Real Bitcoin Anonymity)- Supercookies & Encryption- Preventing Marketers and Debt Collectors From Finding You- How to Protect Your Assets - Home, Money & Family!- How to Hide Anything from even the most trained IRS agentsThe Invisibility ToolkitWithin this book lies top secrets known only to the FBI and a few law enforcement agencies: How to disappear in style and retain assets. How to switch up multiple identities on the fly and be invisible such that no one; not your ex, not your parole officer, nor even the federal government can find you. Ever.You'll learn:- How to disappear overseas- How to wear a perfect disguise. - How to bring down a drone. - How to be invisible in Canada, Thailand, China or the Philippines. - How to use Darkcoins on the run.- How to fool skip tracers, child support courts, student loan collectors- How to sneak into Canada- How to be anonymous online using Tor, Tails and the Internet Underground- Edward Snowden's biggest mistake.Usenet: The Ultimate GuideThe first rule of Usenet: Don't Talk About Usenet!But times have changed and you want what you want. Usenet is the way to go. I will show you:- How to use Usenet - which groups to join, which to avoid- How to be anonymous online- Why Usenet is better than torrents- How to use Tor, How to use PGP, Remailers/Mixmaster, SSL.- How to encrypt your files- Which Vpn and Usenet companies rat you out, and which won't.- How to Stay Anonymous OnlineYou've probably read The Hacker Playbook by Peter Kim and the Art of Invisibility by Kevin Mitnick. While those are fine books, you need this super pack to take it to the NEXT LEVEL.Scroll to the top of the page and select the "buy" button and wear a cloak of invisibility INSTANTLY!
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Bull market is back… Another wave of hacker attacks starts again?

Bull market is back… Another wave of hacker attacks starts again?

The picture from COINDESK related reports
On Aug. 2, Ethereum Classic Labs (ETC Labs) made an important announcement on ETC blockchain. ETC Labs said due to network attack, Ethereum Classic suffered a reorganization on August 1st. This has been the second attack on the Ethereum Classic Network this year.
Did renting-power cause the problem again?
In this ETC incident, one of the miners mined a large number of blocks offline. When the miner went online, due to its high computing power, and some versions of mining software did not support large-scale blockchain mergers, the consensus failed. Therefore, the entire network was out of sync, which produced an effect similar to a 51% attack. Finally, it caused the reorganization of 3693 blocks, starting at 10904147. The deposit and withdrawal between the exchanges and mining pools had to be suspended for troubleshooting during this period.
Media report shows that the blockchain reorganization may be caused by a miner (or a mining pool) disconnected during mining. Although it has been restored to normal after 15 hours of repair, it does reflect the vulnerability of the Proof of Work (PoW) network: once the computing power of the network is insufficient, the performance of one single mining pool can affect the entire network, which is neither distributed nor secure for the blockchain. Neither does it have efficiency.
At present, most consensus algorithms of blockchains are using PoW, which has been adopted over 10 years. In PoW, each miner solves a hashing problem. The probability to solve the problem successfully is proportional to the ratio of the miner’s hash power to the total hash power of mainnet.
Although PoW has been running for a long time, the attack model against PoW is very straightforward to understand, and has attracted people’s attention for a long time: such an attack, also known as double-spending attack, may happen when an attacker possesses 51% of the overall network hash power. The attacker can roll back any blocks in the blockchain by creating a longer and more difficult chain and as a result, modify the transaction information.
Since hash power can be rented to launch attacks, some top 30 projects have suffered from such attacks. In addition to this interference, the main attack method is through the computing power market such as Nice Hash. Hackers can rent hashpower to facilitate their attacks, which allows the computing power to rise rapidly in a short time and rewrite information. In January of this year, the Ethereum Classic was attacked once, and it was also the case that hackers can migrate computing power from the fiercely competitive Bitcoin and Ethereum, and use it to attack smaller projects, such as ETH Classic.

The picture shows the cost of attacking ETH Classic. It can be seen that it costs only $6,634 to attack ETH Classic for one hour.
The security of one network is no longer limited by whether miners within the main net take more than 51% of the total hash power, rather it is determined by whether the benevolent (non-hackers) miners take more than 51% of the total hash power from the pool of projects that use similar consensus algorithm. For example, the hash power of Ethereum is 176 TH/s and that of Ethereum Classic is 9 TH/s. In this way, if one diverts some hash power from Ethereum (176 TH/s) to Ethereum Classic, then one can easily launch a double-spending attack to Ethereum Classic. The hash power ratio for this attack between the two projects is 9/176 = 5.2%, which is a tiny number.

https://preview.redd.it/qj57vgmgb9f51.png?width=699&format=png&auto=webp&s=39c1efc3645f268dbf1c73e1b373d532d5461006
As one of the top 30 blockchain projects, Ethereum Classic has been attacked several times. Therefore, those small and medium-sized projects with low hash power and up-and-coming future projects are facing great potential risks. This is the reason that many emerging public chain projects abandon PoW and adopt PoS.
Proof of Stake (PoS) can prevent 51% attack but has problems of its own
In addition to PoW consensus, another well-adopted consensus algorithm is Proof of Stake (PoS). The fundamental concept is that the one who holds more tokens has the right to create the blocks. This is similar to shareholders in the stock market. The token holders also have the opportunities to get rewards. The advantages of PoS are: (i) the algorithm avoids wasting energy like that in PoW calculation; and (ii) its design determines that the PoS will not be subjected to 51% hash power attack since the algorithm requires the miner to possess tokens in order to modify the ledger. In this way, 51% attack becomes costly and meaningless.

https://preview.redd.it/rf65o1vhb9f51.png?width=685&format=png&auto=webp&s=9d7a9f9dab6ce823a224e91afa9d116310cf27e1
In terms of disadvantages, nodes face the problem of accessibility. PoS requires a permission to enter the network and nodes cannot enter and exit freely and thus lacks openness. It can easily be forked. In the long run, the algorithm is short of decentralization, and leads to the Matthew effect of accumulated advantages whereby miners with more tokens will receive more rewards and perpetuate the cycle.
More importantly, the current PoS consensus has not been verified for long-term reliability. Whether it can be as stable as the PoW system is yet to be verified. For some of the PoW public chains that are already launched, if they want to switch consensus, they need to do hard fork, which divides communities and carries out a long consensus upgrade and through which Ethereum is undergoing. Is there a safer and better solution?
QuarkChain Provide THE Solution: High TPS Protection + PoSW Consensus
For new-born projects, and some small or medium-sized projects, they all are facing the problem of power attack. For PoW-based chains, there are always some chains with lower hash power than others (ETC vs. ETH, BCH vs BTC), and thus the risk of attack is increased. In addition, the interoperability among the chains, such as cross-chain operation, is also a problem. In response, QuarkChain has designed a series of mechanisms to solve this problem. This can be summed up as a two-layer structure with a calculation power allocation and Proof of Staked Work (PoSW) consensus.
First of all, there is a layer of sharding, which can be considered as some parallel chains. Each sharding chain handles the transactions relatively independently. Such design forms the basis to ensure the performance of the entire system. To avoid security issues caused by the dilution of the hash power, we also have a root chain. The blocks of the root chain do not contain transactions, but are responsible for verifying the transactions of each shard. Relying on the hash power distribution algorithm, the hash power of the root chain will always account for 51% of the net. Each shard, on the other hand, packages their transactions according to their own consensus and transaction models.
Moreover, QuarkChain relies on flexibility that allows each shard to have different consensus and transaction models. Someone who wants to launch a double-spending attack on a shard that is already contained in the root chain must attack the block on the root chain, which requires calling the 51% hash power of the root chain. That is, if there are vertical field projects that open new shards on QuarkChain, even with insufficient hash power, an attacker must first attack the root chain if he or she wants to attack a new shard. The root chain has maintained more than 51% of the network’s hash power, which makes the attack very difficult.

https://preview.redd.it/rxpohs7jb9f51.png?width=674&format=png&auto=webp&s=e2df1307a1753542472f2b6da88e7a4022b30884

As illustrated in the diagram, if the attacker wants to attack the QuarkChain network, one would need to attack the shard and the root chain simultaneously.
PoW has achieved a high level of decentralization and has been verified for its stability for a long time. Combining PoW with the staking capability for PoS would make use of the advantages of both consensus mechanisms. That is what QuarkChain’s PoSW achieves exactly.
PoSW, which is Proof of Staked Work, is exclusively developed by QuarkChain and runs on shards. PoSW allows miners to enjoy the benefits of lower mining difficulty by staking original tokens (currently it’s 20 times lower). Conversely, if someone malicious with a high hash power and does not stake tokens on QuarkChain, he will be punishable by receiving 20 times the difficulty of the hash power, which increases the cost of attack. If the attacker stakes tokens in order to reduce the cost of attack, he/she needs to stake the corresponding amount of tokens, which may cost even more. Thus, the whole network is more secure.
Taking Ethereum Classics (ETC) as an example, if ETC uses the PoSW consensus, if there was another double-spending attack similar to the one in January, the attacker will need at least 110Th/s hash power or 650320 ETC (worth $3.2 million, and 8 TH/s hash power) to create this attack, which is far greater than the cost of the current attack on the network (8Th/s hash power) and revenue (219500 ETC).
Relying on multiple sets of security mechanisms, QuarkChain ensures its own security, while providing security for new shards and small and medium-sized projects. Its high level of flexibility also allows the projects to support different types of ledger models, transaction models, virtual machines, and token economics. Such great degrees of security and flexibility will facilitate the blockchain ecosystem to accelerate growth of innovative blockchain applications.
Learn more about QuarkChain
Website https://www.quarkchain.io
Telegram https://t.me/quarkchainio
Twitter https://twitter.com/Quark_Chain
Medium https://medium.com/quarkchain-official
Reddit https://www.reddit.com/quarkchainio/
Community https://community.quarkchain.io/
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Top 10 password-cracking techniques commonly used by every hacker

Top 10 password-cracking techniques commonly used by every hacker

10 password-cracking techniques

Do you really think your passwords are secure? Think again

Understanding the password-cracking techniques hackers use to blow your online accounts wide open is a great way to ensure it never happens to you.
You certainly will always need to change your password, and sometimes more urgently than you think, but mitigating against theft is a great way to stay on top of your account security. You can always head to www.haveibeenpwned.com to check if you’re at risk but simply thinking your password is secure enough to not be hacked into, is a bad mindset to have.
So, to help you understand just how hackers get your passwords – secure or otherwise – we’ve put together a list of the top ten password-cracking techniques used by hackers. Some of the below methods are certainly outdated, but that doesn’t mean they aren’t still being used. Read carefully and learn what to mitigate against.
read also, 10 Best Free Password Manager to Secure Your Password For 2020

The top ten password-cracking techniques used by hackers:

1. Dictionary attack

The dictionary attack uses a simple file containing words that can be found in a dictionary, hence its rather straightforward name. In other words, this attack uses exactly the kind of words that many people use as their password.
Cleverly grouping words together such as “letmein” or “superadministratorguy” will not prevent your password from being cracked this way – well, not for more than a few extra seconds.

2. Brute force attack

Similar to the dictionary attack, the brute force attack comes with an added bonus for the hacker. Instead of simply using words, a brute force attack lets them detect non-dictionary words by working through all possible alpha-numeric combinations from aaa1 to zzz10.
It’s not quick, provided your password is over a handful of characters long, but it will uncover your password eventually. Brute force attacks can be shortened by throwing additional computing horsepower, in terms of both processing power – including harnessing the power of your video card GPU – and machine numbers, such as using distributed computing models like online bitcoin miners.

3. Rainbow table attack

Rainbow tables aren’t as colorful as their name may imply but, for a hacker, your password could well be at the end of it. In the most straightforward way possible, you can boil a rainbow table down into a list of pre-computed hashes – the numerical value used when encrypting a password. This table contains hashes of all possible password combinations for any given hashing algorithm. Rainbow tables are attractive as it reduces the time needed to crack a password hash to simply just looking something up in a list.
However, rainbow tables are huge, unwieldy things. They require serious computing power to run and a table becomes useless if the hash it’s trying to find has been “salted” by the addition of random characters to its password ahead of hashing the algorithm.
There is the talk of salted rainbow tables existing, but these would be so large as to be difficult to use in practice. They would likely only work with a predefined “random character” set and password strings below 12 characters as the size of the table would be prohibitive to even state-level hackers otherwise.
read more password-cracking techniques
submitted by icssindia to Hacking_Tutorials [link] [comments]

Quitting my job for 2-3 months to change my career

Hi All,
Edit: Thank you everyone for sharing and advising me on this decision. Though tempting I think I'm going to hold off on quitting. If there's one thing that's clear across all of your responses, its that holding any job, even if it's unrelated, helps get me a new job so for now I'll suck it up and stick with it.
** I apologize for the life story in advanced but if this does gain traction I want to answer most of the questions upfront. TL;DR at bottom.
Long time lurker here and I've seen a few posts that somewhat describe what I'm planning but I figured that I would share with you guys my plan to hopefully get some feedback from people in the field.
My Background:
I recently graduated from college (WIT, August 2018) with a degree in Computer Science and Mathematics and currently work help desk at a medium sized financial firm in Boston (300 Employees, ~$100 Billion in AUM). I do some quasi DevOps stuff here and there (heavy emphasis on quasi. Basically some Power-Shell scripting, expanding Production sever drives, pushing developers SQL code) but for the most part my day consists of taking help desk tickets and setting up new hires every week. This job is HELL to me... mostly because it's far from stimulating and in a field that I have no interest in and have been stuck in for too long IMO (Highschool = Local Computer store, First Co-op = Helpdesk, second Co-op = Systems engineer).
I want to transition to data engineering and then eventually machine learning but I know that it's a long road, hence why I would start with data engineering/science and then transition.
This presents the conundrum, how do I transition from help desk to data science/engineering?
In collage I took two machine learning classes and worked on three projects that are geared towards Machine learning but they are rather far apart in complexity.
  1. (Language - R, Rstudio) During my junior year in college I was taking a Machine learning class (Math focus, learned about Naive Bayes, Decision trees up to SVM, PCA) during that time I worked on a rather simple Reddit sentiment analysis bot. It's honestly nothing to write home about, I mostly leveraged functions from libraries and PRAW more than anything and its as vanilla as it gets.
  2. (Language - Python 3.6) Second project was my Senior capstone project that I teamed up with a friend on. We decided that in 3 months we were going to try and write a Bitcoin trading bot based on Neural Networks, SVM's and Technical Analysis. Now there was a lot wrong with this project.....like a lot. In that my friend and I were ambitious but uninformed and thought that if we worked hard enough we could make anything happen having pretty much zero knowledge of the challenges that faced us.
    1. Fast forward to the end of the semester I had created this SVM that did OK (~3% over market) on up-trends but epic failed it's way into double digit negatives during a down trend.
    2. My friend worked on an LSTM Neural Network that he barely understood and after enough poking, he got it to trade decently during down trends (Lost about ~8-10% during a 50% loss) but did poorly on up-trends.
    3. Nothing impressive for results but god dam did I learn a lot!
      1. We had to find data sets, parse them, understand how time series worked and try our best to create something from the ground up. We had very little guidance but scored well in the end for our presentation and ambitious goals.
      2. ## To me this was my first serious machine learning project. ##
  3. (Language - Python for testing, MATLAB for final) After that I joined my professor for an independent study and worked on a research paper for an IEEE Competition. It was on Evolutionary Algorithms and we ended up getting accepted into the competition and as a result our paper will be published sometime in August when they release the proceedings. This is easily my most impressive feat in the world of development and Machine learning/AI but it leads into my bigger problem.
Aside from the previous projects I have very little development experience outside of the classroom. I have no professional development experience and it's been impossible to gain any traction in that field as all of my professional experience is in IT. My strongest programming language is Python but because I don't use it at all at my job, I feel myself loosing touch.
My Goal:
I am aiming for at least 6 hours a day for ~60-90 days or 360-540 hours working towards this goal.
I have the background so I'm not starting from nothing and expect that I will blast through a lot of those courses within the first month giving me time to come up with a substantial project to use as my major achievement for this time off. My angle to employers is that I was frustrated with my lack of growth and took things into my own hands to further my career, but worry this can be misinterpreted many different ways.
As for Expenses:
I have close to 15K in savings and have budgeted out ~2.3K a month for all my expenses (Rent, car insurance, food, utilities and BS expenses like coffee or lunch out).
If I take 3 months off of work given my burn rate that leaves me with ~8K left in savings. I also have about 5K in my 401K so if need be I could pull on that if it were an emergency but I am aware of the tax repercussions and know that it's only an option in a true emergency.
My Backup Plan:
If for some reason I can't find a job after 3 months of building my resume and web portfolio I will give in and apply for yet another IT job.
My question to you kind redditors:
TL;DR: Recent College undergrad with degree in CS and Math looking to drop current job as a Desktop Engineer to work for myself for 2-3 months and build my resume with online resources into a qualified data engineer / scientist. Have a minimal background in ML/Data scientist but have enough experience to understand the concepts and Math behind it.
Thank you for reading my long post and I really appreciate any and all feedback.
submitted by MixMasterMarshall to cscareerquestions [link] [comments]

Eventi del mese: Dicembre 2019




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Organizzate eventi? Ne conoscete altri? Segnalateli a u/-Defkon1-
submitted by -Defkon1- to ItalyInformatica [link] [comments]

A portal opened in front of my car today and I hit a time traveler. I cradled him in my arms and he gave me some pages from a journal. His dying words: “take this and publish it to r/Buttcoin. The world must know what awaits it. I fear, however, trying to change the future is futile.” Here it is.

Thursday, July 27, 2023
5:30 am -My alarm goes off blaring random Leo Wolf clips. When he says “I want you to deal with your problems by becoming rich!” I roll out of bed and fill my kitty’s bowl until it overflows. I watch his obese body slide out from under the bed and make its way toward the bowl. I return to sleep.
5:53 am - I awake to Mr. Fats barfing up his food along with a tiny baggie containing a small slip of paper with one-time codes to unlock my trading computers. Not safe to just leave them laying around at night where they could be stolen while I sleep or photographed by a drone through a window.
6:15 am - I enter my sonically shielded (so no one can record my typing patterns) and EMF shielded (obvious reasons) trading room I built out of the closet next to the front door of my 200 square foot apartment. I unlock my machines and get the new random passwords for tomorrow. Time to start trading during my self-imposed two hour trading schedule. Things are looking good. HomeCoin is up 10% - yes! - one step closer to being out of the apartment and into my own house. PottyCoin went down the tubes last night, so to speak, but I knew it was coming and I hedged with 10x margin shorts. Someone will be personally wiping my butt clean in a luxurious stall today! WaterCoin down - no wonder my faucet wasn’t working this morning - but CoffeeCoin up. One of my exchanges exit scammed last night but like most people I have at least ten different exchange accounts with balances at any given time.
8:15 am - I’m done trading. I wipe the sweat from my brow and take my pulse. 137. Not bad! Who needs exercise when you spend each morning with your life savings one click away from being decimated? Suddenly I remember that my paycheck came in last night and it’s time to do some bitcoin cost averaging to my altcoin portfolio. The bitcoin transaction fee eats up half my paycheck, as usual, but I’m not too worried. Lightning Network is only about 18 months from being production-ready and high fees will soon be a thing of the past.
8:33 am - I make it to my favorite coffee shop a little late and order my favorite latte. The cashier frowns, however. Turns out that five minutes ago CoffeeCoin pulled a bart and I can’t even pay for half a cup. I shrug, “I guess I’ll have to trade for more tomorrow!” I tell the cashier as I leave. Oh crypto market you big silly animal - big gains mean sometimes you take little losses.
8:59 am - I squeeze into work just before the door traps me inside. Phew. Wouldn’t want to be docked a week’s pay. Ever since the government collapsed when fiat became worthless, businesses have become way more efficient and profitable due to not being restrained by oppressive labor laws. I may work twelve hours a day, six days a week, but being locked in the building motivates me to strive toward that eight-year promotion where I’ll only work ten hours a day and I can leave the building for thirty minutes at lunch.
9:15 am - I settle into my desk at Kodak Corp. We specialize in ICOs, our most successful being a coin for tracking food coloring from production to consumption. My job is to find photos of random people on the internet that look important and make the images suitable for our ICO prospectuses.
11:37 am - I’m fatigued so I pop a few amphetamines. Weird to think I once had to buy these on the dark web but now they sell them at the company pharmacy.
12:18 pm - Watch a bunch of new hires in a conference room for orientation. KodakCoin has really been up since last Monday and we’ve been hiring like crazy. Hope they all aren’t canned by next Friday if the market drops.
12:47 pm - Eat a quick lunch and then “drop the kids off at the pool”. It’s everything I dreamed it would be.
7:17 pm - Finish a lot of photos. Stretch. Pop more amphetamines.
9:25 pm - Get out of work a little late and then head home.
9:55 pm - Arrive at my apartment only to find a repo team taking my stuff away. After a frantic two hours I discover what happened. Turns out I was dumb enough to buy a laptop from a non-Intel approved computer store. It had a hidden chip on the motherboard waiting for the right moment to steal my private keys and then move my crypto out of my wallets. At first I’m distraught, but then at the lowest point of my despair I realize that I’m one of the few people that could afford to learn a lesson this expensive. I’m truly lucky.
11:58 pm - After dealing with the fiasco at my former apartment, I find out hackers discovered KodakCoin was using SHA1 for their block hashes and the entire coin collapsed. So I’m out of a job, too. I head to my local HomelessShelterPlus. In the past, I would have been ashamed, but now that homeless shelters are all private companies, I have the satisfaction of knowing I won’t be getting a handout. Only five years of indentured servitude until I’m back in the voluntary work force. I smile as I step forward to wait in line for a cardboard box and an allocated spot on a nearby street.
submitted by taxonomicnomenclatur to Buttcoin [link] [comments]

Fortnight Tech Roundup & Discourse - IRNSS NavIC

Fortnight Tech Roundup & Discourse - IRNSS NavIC

Welcome to this week's tech round up and discourse post.

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EBay, Stripe and Mastercard drop out of Facebook’s Libra Association techcrunch
Club Factory raises $100M to expand its lifestyle e-commerce platform in India economictimes
Donald Trump joins Amazon's video game streaming platform Twitch cnn
Bill McDermott steps down as SAP’s CEO wsj
Elon Musk says that NASA is free to share all SpaceX IP with ‘anyone it wants’ gizmodo
NASA’s new Moon-bound spacesuit is safer, smarter and much more comfortable nasa.gov
Steam will soon let you play local-only multiplayer games with far off friends pcgamer
Dyson kills its electric car project and turns to solid-state batteries guardian
Amazon Music arrives on Apple TV pocket-lint
Google takes AMP to the OpenJS Foundation openjsf
Russia’s Yandex introduces an Echo Dot-style smart speaker techcrunch
Cisco hit by an internal network outage cbronline
Xage now supports hierarchical blockchains for complex implementations globenewswire
NASCAR could debut hybrids as early as 2022 thedrive
Apple pulls HKmap from App Store, the day after Chinese state media criticized its ‘unwise and reckless decision’ to approve it cnbc
Virgin Orbit plans to send cubesats to Mars as early as 2022 cnet
Call of Duty is the biggest mobile game launch ever, with 100 million downloads independent
Pinterest launches a new ‘Lite’ app for emerging markets androidpolice
Microsoft’s Your Phone app can now route calls from your Android phone to your PC blog.windows
European risk report flags 5G security challenges techcrunch
Toyota, GM, Nvidia, Bosch, Arm and others form new autonomous driving tech consortium theiet
China attacks Apple for allowing Hong Kong crowdsourced police activity app nyt
AMD’s Radeon RX 5500 is its new entry-level competitor to Nvidia’s GTX 1650 pcworld
Amazon, Walmart confront India’s slowing economy as holiday season growth stalls techcrunch
Essential reveals Project Gem smartphone with very long, unusual design engadget
Twitter admits it used two-factor phone numbers and emails for serving targeted ads help.twitter
Arm brings custom instructions to its embedded CPUs developer.arm
Sony’s next console is the PlayStation 5, arriving holidays 2020 theverge
Chinese firms Tencent, Vivo and CCTV suspend ties with the NBA over Hong Kong tweet edition.cnn
Eight Chinese tech firms placed on US Entity List for their role in human rights violations against Muslim minority groups techcrunch
Mars Curiosity Rover finds evidence of an ancient oasis on Mars earthsky
Instagram is killing its creepy stalking feature, the Following tab androidpolice
Ex-Tinder CEO files lawsuit saying sexual assault allegations against him are defamation theverge
Fire TV might not get Disney+ as Amazon and Disney clash over ads variety
Amazon introduces a Kindle for kids indiatoday
Apple’s MacOS Catalina is now available 9to5mac
Spotify gains Siri support on iOS 13, arrives on Apple TV forbes
Disney is reportedly banning Netflix ads across its entertainment TV networks theverge
Red Dead Redemption 2 is coming to PC in November rockpapershotgun
NASA shares 3D Moon data for CG artists and creators space
PayPal is the first company to drop out of the Facebook-led Libra Association economictimes
Iranian hackers targeted US 2020 campaign, says Microsoft bbc
Apple CEO Tim Cook slams Facebook’s Libra cryptocurrency as a power grab forbes
Google-backed Dunzo raises $45M to expand its hyperlocal delivery startup in India fortuneindia
NASA’s first all-electric experimental X-plane is ready for testing nasa.gov
Facebook is being leaned on by US, UK, Australia to ditch its end-to-end encryption expansion plan macrumorsInstagram launches Threads, a Close Friends chat app with auto-status wired
India’s Fyle bags $4.5M to expand its expense management platform in the US, other international markets techcrunch
Uber launches a shift-work finder app, Uber Works, starting in Chicago tnw
Redesigned Google Shopping goes live, with price tracking, Google Lens for outfits and more pcmag
Zuckerberg Plans to Sue if Elizabeth Warren Tries to Break Up Facebook gizmodo
Samsung pulls the plug on Chinese smartphone production techcrunch
Microsoft showcases an Android Surface 'phone' and dual-screen Windows Variant cnet
Microsoft’s latest Surface Laptop arrives in 13- and 15-inch models theverge
India’s NoBroker raises $50M to help people buy and rent without real estate brokers business-standard
Cybersecurity giant Comodo can’t even keep its own website secure forums.comodo
NASA awards $43.2M to Blue Origin, SpaceX and others for tech to take us to the Moon and Mars techcrunch
NASA launches a new planet-hunting telescope using a giant balloon phys.org
UPS gets FAA approval to operate an entire drone delivery airline nyt
Streamlit launches open-source machine learning application development framework techcrunch
WhatsApp tests self-destructing messages theverge
Europe’s top court says active consent is needed for tracking cookies techcrunch
SpaceX details Starship and Super Heavy in new website techcrunch
Hyundai is getting into the flying car business newatlas
Microsoft makes Windows Virtual Desktop generally available globally zdnet
Google's Project Jacquard is available on new Levi's jackets youtube
PayPal to enter China through GoPay acquisition venturebeat

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The Indian Regional Navigation Satellite System (IRNSS) recently become fully-operational and has been provided with the operational name of NavIC (Navigation with Indian Constellation). Developed by the Indian Space Research Organization (ISRO) with the objective of offering positioning, navigation and timing (PNT) to the users on a variety of platforms with a 24 hour x 7 day service availability under all weather conditions - in its service area with a position accuracy of < 20 m throughout India and within the region of coverage extending about 1500 km beyond. nih.gov
Having an autonomous regional satellite navigation system of one’s own offers strategic autonomy in military operations. The GPS that we have known and used all along is the satellite-based radio navigation system owned by the US government and operated by the American Air Force. During the Kargil War 20 years ago, the US refused to provide India critical information on the movement and precise location of Paki enemy troops. toi A need for an indigenous satellite navigation was felt earlier, but Kargil experience made the nation realize it's inevitability. Geopolitical needs teaches us that some countries can deny us the service in times of conflict, a way of arm twisting.
With an accuracy of <10 m on Restricted and Encrypted Service (RES) while an accuracy of <20 m on Standard Positioning Service (SPS), IRNSS will offer 2 level of services for very differing purposes. isro.gov.in \PDF]) Almost all Military and Reconnaissance applications will utilize RES while SPS will be available for civilian uses. unvienna \PDF])

The IRNSS space segment architecture consists of 3 satellites in GEO (Geostationary Orbit) at 32.5°, 83° and 131.5° East while 4 satellites in geosynchronous orbit placed at inclination of 29° with longitude crossing at 55° and 111.75° East forming an analemma. isac.gov.in Out of the 4 GSO satellites, the first sat IRNSS-1A failed in orbit due to atmoic clock malfunction. On August 31, 2017, sat IRNSS-1H was meant to replace defunct IRNSS-1A, failed to deploy due to malfunction in payload fairing mechanism. Though failures are not uncommon in space missions of even developed nations, India is not in a position where it can afford even relatively minor glitches neither financially nor in terms of reaching the higher goals it has set for itself. firstpost

IRNSS Analemma

Unlike GPS which is dependent only on L-band, NAVIC has dual frequency (S and L bands). When low frequency signal travels through atmosphere, its velocity changes due to atmospheric disturbances. US banks on atmospheric model to assess frequency error and it has to update this model from time to time to assess the exact error. In India's case, the actual delay is assessed by measuring the difference in delay of dual frequency (S and L bands). Therefore, NavIC is not dependent on any model to find the frequency error and is more accurate than GPS. toi
Studies have also shown marked improvement in GDoP (Geometric dilution of precision) values when IRNSS is used in conjunction with GPS constellation for position fix in primary coverage region of IRNSS. Hence IRNSS can be augmented with GPS to improve position accuracy in the given region. ias.ac.in

The IRNSS is being developed parallel to the GAGAN (GPS Aided GEO Augmented Satellite Navigation) program that in essence use GPS signals for navigation but after making them much more reliable for safety critical applications like in civil aviation., the ISRO SBAS (Satellite Based Augmentation System) version of an overlay system for GNSS signal corrections. earth.esa.int As of 2013, the statutory filing for frequency spectrum of Global Indian Navigational System (GINS) satellite orbits in international space, has been completed. hindubusinessline GINS is supposed to have a constellation of 24 satellites, positioned 24,000 km (14,913 mi) above Earth. wikipedia)

On Sep 24, 2019 Global mobile telephony standards body, 3GPP, gave its approval to NaVIC (Proposed jointly by Reliance Jio and ISRO). 3gpp.org \XLSX]) The approval has been given for the system’s use in Rel-16 LTE and Rel-17 5G NR specifications, paving the way for wider commercial adoption of NaVIC, allowing it to be integrated with 4G, 5G and internet of things (IoT). 3gpp.org \ZIP]) Thus, electronics companies can start designing and building integrated circuits and mass manufacture other products uniquely created to be compatible with NavIC. From what all scant information I was able to gather it seems Broadcom was first to introduce BCM47756 3gpp.org \ZIP]) chipset integrated with NavIC and Xiaomi Mi8 was the first phone to have the capabilities. insidegnss Will the introduction of indigenous satnav be another step closer towards being a global power? Comments open.
PS: Here's an interesting presentation prepared by Space Application Center that goes a little deep inside Navigation with Indian Constellation http://www.unoosa.org/documents/pdf/icg/2018/icg13/05.pdf

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And in the last, here's 19th-Century Vision of the Year 2000 by Jean-Marc Côté and other artists issued in France in 1899, 1900, 1901 and 1910. Originally in the form of paper cards enclosed in cigarette/cigar boxes and, later, as postcards, the images depicted the world as it was imagined to be like in the then distant year of 2000.
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Source: https://commons.wikimedia.org/wiki/Category:France_in_XXI_Century_(fiction))
submitted by chummekiraat to IndiaSpeaks [link] [comments]

Bitcoin Hack Tool 2017 Get Unlimited Bitcoins For Free ! How To Mine 1 Bitcoin in 10 Minutes - Blockchain BTC Miner ... TOOL  Hack bitcoin mining  100% working Watch these hackers crack an ATM in seconds - YouTube What is Bitcoin? Bitcoin Explained Simply for Dummies ...

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Bitcoin Hack Tool 2017 Get Unlimited Bitcoins For Free !

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