Bitcoin-Qt wallet keeps crashing, won't open, "quit ...

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Stellar wallet wont open on Ledger Wallet Bitcoin app

All my other apps open fine, stellar just isnt opening at all, has anybody else had this happen?
submitted by Tempacco94 to ledgerwallet [link] [comments]

Ledger nano s bitcoin wallet not opening, now wont reinstall

I had 5 apps installed on there, all worked except btc. Found a post suggesting I reinstall the btc app so I uninstalled, but when trying to install it now says there is not enough space. So I removed two apps and it still wont instill. Whats going on?
submitted by liaiwen to ledgerwallet [link] [comments]

Multibit classic wallet wont open anymore /r/Bitcoin

Multibit classic wallet wont open anymore /Bitcoin submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

Bitcoin Wallet non-responsive, wont open

It worked, then I uninstalled every app trying to get another app to work. That app then worked, but now the bitcoin wallet is non-responsive. Doesnt even show up as connected. Will show up in manager. ughhhhhhhh cant wait for the all in one solution because this kind of problem is just.. not acceptable.
submitted by liaiwen to ledgerwallet [link] [comments]

Mycelium Wallet question, crashed wont open....lost? /r/Bitcoin

Mycelium Wallet question, crashed wont open....lost? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin android wallet issue!? WONT OPEN UNLESS OFFLINE!

The bitcoin android wallet has been upgraded and something is terribly wrong. if you are online the wallet immediately shuts down and asks you to report the issue. I havbe found that if you are in airplane mode you can still get the app to cooperate and do transactions but once you reconnect it will shut down (payment still sent however) Hopefully the issue is resolved quick, its scary to see your wallet not accessible due to a bug.
Please if anyone has any insight or can recommend another offline wallet w.o webhost please post. I use the armory as well but this app on a independent device seemed to be just as good as the armory if not better..
submitted by satoshi_square to Bitcoin [link] [comments]

I'm going to make the argument that using a crypto debit card at this point is still a better option than using fiat for daily purchases.

I hear the common arguments a lot; people say they won't ever use one while it holds the Visa logo and association. The payment is still handled in fiat so you aren't in any way truly using bitcoin. No matter what, 'HODL.' All valid reasons, however I personally don't subscribe to those thoughts. These cards often have a high cash back percentage on purchases and in the case of the MCO card that cash back amount is higher with the more value you hold in your wallet. If the goal is to accumulate as much BTC, doesn't it make sense to be holding as much as you can as often as you can? It takes guts to be a day trader sniffing around for profits on price action, imagine going to the store and BTC happens to be up that moment, whatever you purchased just got cheaper. The reverse of that is bound to happen too. It still would seem to hold up that similar to DCA strategies, the longer you've held onto BTC the more profitable it has become. It would stand to reason that since it is true for longer time periods, the smaller incremental time periods would also apply (If you think about it that way).
Not only does using these cards allow you to allocate more fiat to BTC on a routine basis, it shows companies there is a demand for this technology. Not to look at the banks as the bad guys, they're just the curators of a more primitive money. This opens up the field to them having to adapt to a different money they wont be able to have their hands all over, never the less the entanglement of BTC with fiat bridges is necessary. These Visa cards are the door we need to use and blow it all open to widespread use I believe.
Money should be dispersed, same with BTC so have multiple wallets. Use hardware/ cold storage wallets for bulk of your funds. Hot wallets, which most usually would be used by these card providers, so only have the amounts your needs or desire for higher cash back rewards. Always not your keys not your coins. There are downsides to not owning the keys. I am not ignorant to the 'principles of bitcoin'- cultist way of this that explains why people are against payments not settled directly in BTC.
Anyway that's my thoughts, do whatever you want. Feel free to tell me I'm wrong and offer your views.
submitted by bowlingfries to CryptoCurrency [link] [comments]

Stakenet (XSN) - A DEX with interchain capabilities (BTC-ETH), Huge Potential [Full Writeup]

Preface
Full disclosure here; I am heavily invested in this. I have picked up some real gems from here and was only in the position to buy so much of this because of you guys so I thought it was time to give back. I only invest in Utility Coins. These are coins that actually DO something, and provide new/build upon the crypto infrastructure to work towards the end goal that Bitcoin itself set out to achieve(financial independence from the fiat banking system). This way, I avoid 99% of the scams in crypto that are functionless vapourware, and if you only invest in things that have strong fundamentals in the long term you are much more likely to make money.
Introduction
Stakenet is a Lightning Network-ready open-source platform for decentralized applications with its native cryptocurrency – XSN. It is powered by a Proof of Stake blockchain with trustless cold staking and Masternodes. Its use case is to provide a highly secure cross-chain infrastructure for these decentralized applications, where individuals can easily operate with any blockchain simply by using Stakenet and its native currency XSN.
Ok... but what does it actually do and solve?
The moonshot here is the DEX (Decentralised Exchange) that they are building. This is a lightning-network DEX with interchain capabilities. That means you could trade BTC directly for ETH; securely, instantly, cheaply and privately.
Right now, most crypto is traded to and from Centralised Exchanges like Binance. To buy and sell on these exchanges, you have to send your crypto wallets on that exchange. That means the exchanges have your private keys, and they have control over your funds. When you use a centralised exchange, you are no longer in control of your assets, and depend on the trustworthiness of middlemen. We have in the past of course seen infamous exit scams by centralised exchanges like Mt. Gox.
The alternative? Decentralised Exchanges. DEX's have no central authority and most importantly, your private keys(your crypto) never leavesYOUR possession and are never in anyone else's possession. So you can trade peer-to-peer without any of the drawbacks of Centralised Exchanges.
The problem is that this technology has not been perfected yet, and the DEX's that we have available to us now are not providing cheap, private, quick trading on a decentralised medium because of their technological inadequacies. Take Uniswap for example. This DEX accounts for over 60% of all DEX volume and facilitates trading of ERC-20 tokens, over the Ethereum blockchain. The problem? Because of the huge amount of transaction that are occurring over the Ethereum network, this has lead to congestion(too many transaction for the network to handle at one time) so the fees have increased dramatically. Another big problem? It's only for Ethereum. You cant for example, Buy LINK with BTC. You must use ETH.
The solution? Layer 2 protocols. These are layers built ON TOP of existing blockchains, that are designed to solve the transaction and scaling difficulties that crypto as a whole is facing today(and ultimately stopping mass adoption) The developers at Stakenet have seen the big picture, and have decided to implement the lightning network(a layer 2 protocol) into its DEX from the ground up. This will facilitate the functionalities of a DEX without any of the drawbacks of the CEX's and the DEX's we have today.
Heres someone much more qualified than me, Andreas Antonopoulos, to explain this
https://streamable.com/kzpimj
'Once we have efficient, well designed DEX's on layer 2, there wont even be any DEX's on layer 1'
Progress
The Stakenet team were the first to envision this grand solution and have been working on it since its conception in June 2019. They have been making steady progress ever since and right now, the DEX is in an open beta stage where rigorous testing is constant by themselves and the public. For a project of this scale, stress testing is paramount. If the product were to launch with any bugs/errors that would result in the loss of a users funds, this would obviously be very damaging to Stakenet's reputation. So I believe that the developers conservative approach is wise.
As of now the only pairs tradeable on the DEX are XSN/BTC and LTC/BTC. The DEX has only just launched as a public beta and is not in its full public release stage yet. As development moves forward more lightning network and atomic swap compatible coins will be added to the DEX, and of course, the team are hard at work on Raiden Integration - this will allow ETH and tokens on the Ethereum blockchain to be traded on the DEX between separate blockchains(instantly, cheaply, privately) This is where Stakenet enters top 50 territory on CMC if successful and is the true value here. Raiden Integration is well underway is being tested in a closed public group on Linux.
The full public DEX with Raiden Integration is expected to release by the end of the year. Given the state of development so far and the rate of progress, this seems realistic.
Tokenomics
2.6 Metrics overview (from whitepaper)
XSN is slightly inflationary, much like ETH as this is necessary for the economy to be adopted and work in the long term. There is however a deflationary mechanism in place - all trading fees on the DEX get converted to XSN and 10% of these fees are burned. This puts constant buying pressure on XSN and acts as a deflationary mechanism. XSN has inherent value because it makes up the infrastructure that the DEX will run off and as such Masternode operators and Stakers will see the fee's from the DEX.
Conclusion
We can clearly see that a layer 2 DEX is the future of crypto currency trading. It will facilitate secure, cheap, instant and private trading across all coins with lightning capabilities, thus solving the scaling and transaction issues that are holding back crypto today. I dont need to tell you the implications of this, and what it means for crypto as a whole. If Stakenet can launch a layer 2 DEX with Raiden Integration, It will become the primary DEX in terms of volume.
Stakenet DEX will most likely be the first layer 2 DEX(first mover advantage) and its blockchain is the infrastructure that will host this DEX and subsequently receive it's trading fee's. It is not difficult to envision a time in the next year when Stakenet DEX is functional and hosting hundreds of millions of dollars worth of trading every single day.
At $30 million market cap, I cant see any other potential investment right now with this much potential upside.
This post has merely served as in introduction and a heads up for this project, there is MUCH more to cover like vortex liquidity, masternodes, TOR integration... for now, here is some additional reading. Resources
TLDR; No. Do you want to make money? I'd start with learning how to read.
submitted by hotprocession to CryptoMoonShots [link] [comments]

PSA: How to use crypto to sell/buy PMs on r/PMsForSale

TL;DR 1: this is not an investment recommendation. This is not an endorsement of any crypto coin, token, or service. This post (which is a bit longish) describes how to use crypto as another payment mechanism. It would just add another tool to your PM trading toolbox.
TL;DR 2: This is not an exhaustive review – it’s a simplified how-to. Calling me out on certain minute aspects is useless. However, if I made a mistake, or omitted something important PLEAESE correct me.
TL;DR 3: I’ll describe everything in chapters, so as you go down, if you feel this is irrelevant to you, you can stop without spending too much time reading it all.

Chapter 1: Why use crypto

  1. You control the entire transaction, end to end. You do not need a third party (Like PayPal or Google) telling you what you’re allowed to sell, and for how much. You do not need to resort to subterfuge (“use Friends & Family, and make sure to leave no notes!”).
  2. Crypto transactions add a level of privacy (depending on how you use them).
  3. Transactions are secure (read more about blockchain technology), and usually only involve you sharing your crypto address with your counterpart.
  4. Transactions are irreversible – good if you’re an established seller who’s afraid of chargebacks by scammers.
  5. Yet transactions can still be proven – they’re out there on the blockchain, available for all to see.
  6. Most of the time, transactions are fast (depending on network traffic and amount of gas paid).

Chapter 2: Types of crypto

I’m not going to go into technicalities, and definitely not recommend anything. Let’s just split the crypto world right now into 2 types of coins: stable, and unstable.
  1. Unstable coins (Bitcoin, Ether, Ripple etc.) can see their fiat value go up or down several times a minute. They’re volatile, and while they can be used to pay, the buyer and seller need to agree on the spot, convert fiat to the coin and start the transaction – at the end of which, the fiat value received may be higher or lower than when the transfer started. Because of that, I’ll avoid discussing them here.
  2. Stable coins usually run on the Ethereum blockchain, and use a technology called “smart contract” to attach their value to fiat. A stable coin like USDC, DAI, USDT etc. will always be worth $1 (give or take 1% at certain times). For all intents and purposes, if I quote you a price of $250 and you send me 250 USDC – we’re done.

Chapter 3: what do I need to have to trade in stable coins?

  1. An address – your crypto address allows you to control crypto on the blockchain. More specifically, it allows you to withdraw funds (since everyone can deposit to your address, whether you want it or not).
  2. A crypto wallet. A wallet is NOT where you hold your coins! Your “money” is on the blockchain, assigned to your address. Your wallet allows you to mange the coins in that address. You can either use one of the free wallets out there, or have one provided to you by an exchange. I recommend MetaMask. It runs as a browser extension (Chrome, Firefox, Brave) or a mobile app. Make sure you do your due diligence before selecting a wallet, so you wont use a scammy app, that will use your pass phrase to clean up your address!
  3. Some Ether (usually 0.05-0.1 ether is enough for several transactions) – every transfer on the blockchain has a fee, representing compensation for the computer work done to transfer funds from address to address. This fee, known as “gas” can go from fractions of a cent to several dollars – depending on the blockchain traffic at the time. You can control the amount of gas, and price of gas for your transactions, but generally speaking: the less you pay, the slower the transfer. Gas is paid in Ether only, so you need some in your wallet (see below on how to get it).
  4. If you want to sell using crypto – you’re done!
  5. If you want to buy using Crypto, you’ll need to convert some fiat to stable coins – see next chapter.

Chapter 4: Quickest way to get stable coins

The easiest way to start (in the US – your miles/kilometres may vary elsewhere) is to open a Coinbase account.
(Disclaimer: you can choose any other exchange. I’m not compensated by Coinbase, I have no stake in Coinbase, I don’t work there, or know anyone who does. There’s a reason I mention them: they make this simple.)
While Coinbase is the fastest and easiest way to go for noobs, there are some caveats:
  1. Coinbase is a registered financial company. They require full KYC (i.e. photo of your driver’s license). Everything you do gets reported to the IRS, authorities, etc. But then, your bank does the same.
  2. Coinbase doesn’t care where the funds come and go – unless law enforcement, IRS, SEC etc tell them to care. If you’re privacy-oriented, an exchange is not for you, go to the next chapter.

Let’s look at the steps of using Coinbase, and how much they’ll cost you:

  1. Open Coinbase account (free)
  2. Go through KYC needed to connect a bank account to your Coinbase account (free)
  3. Transfer fiat to your account (free if bank transfer, otherwise credit/debit card fee applies)
  4. Convert fiat to the stable coin USDC (FREE! Since Coinbase “owns” USDC, they don’t charge anything to convert back and forth between USD and USDC. And it’s always 1-1 conversion.)
  5. Transfer USDC to an external wallet (yours, or a sellers) (FREE! Again, another perk – Coinbase pays your transfer gas fee).
  6. If you’re content with using Coinbase as your wallet, you are done!
a. When you want to buy, you ask the seller for his address, and transfer USDC to him (free).
b. When you want to sell, you give the user your Coinbase USDC address and he sends there (free again).
c. Make sure you send the right address – there are no backsies in crypto!!!

Using your own wallet:

  1. Install MetaMask. Follow instructions to create your address. Make sure you keep the pass phrase safe (NOT ON YOUR COMPUTER).
  2. Go through steps 1-5 to convert some fiat to USDC for free.
  3. Buy some ether – Currently Ether spot is about $230, meaning it’ll cost you about $10-20 to get some Ether + whatever fee Coinbase has on trading.
  4. Send the USDC to your new address.
  5. Send the Ether to your new address.
  6. You are now good to send and receive payments!
  7. When you receive USDC from a buyer, you can either keep them in your wallet for further use, or send to Coinbase, convert to fiat and send to your bank account. Always remember: on Coinbase 1 USDC == $1.

Chapter 5: Doing it on your own – for advanced users only

If you don’t like sharing all your info with Coinbase, you can definitely just install your own wallet (MetaMask is still the best option, IMHO, but there are many more), and fund it personally.
The biggest challenge you’ll face is: how do I convert fiat to crypto? Here are some options:
  1. The easiest: get someone to sell you some. Someone who already went through the whole process, and will agree to give you some crypto. Once you have crypto, you can easily convert it to any other crypto, without using any exchange, using crypto swap apps.
  2. The more expansive: use a service like Changelly (and there are others – again: I have no stake) to “buy” crypto. Take into account that they have fees. There are also services (like LocalBitcoins) that will allow you to buy directly from other people, for lower fees.
  3. You can use a different exchange, perhaps even one in a different country. Take into account that you’ll need to get actual money there, so at one point, someone will know something about you.
As said, once you have ANY crypto in your wallet, it’s easy to convert it to stable coins, Ether, or everything else you need.

Summary

I tried covering the basics of using crypto for payment. I did my best to avoid techy aspects and jargon.
Crypto is here to stay. Next (and current) generations will use it, like we’re using credit cards and PayPal. It will have no “magic” or “hoax” attached to it. It’s not “good” or “bad” – it’s just another way to convey value.
I was taught all this by someone. I’m sharing this with you now, in the hope you’ll share it with other people. That’s how knowledge grows.
If anyone wants any clarification, or expansion on any item, feel free to comment below, or reach out to me.
submitted by Niceguy955 to Silverbugs [link] [comments]

Tutorial to setup a Bitcoin Lightning Node. It’s easy enough for non tech-savvy people.

Tutorial to setup a Bitcoin Lightning Node. It’s easy enough for non tech-savvy people. submitted by UnpropitiousPretext to Bitcoin [link] [comments]

Round up of Cryptocurrency News #3 Week 20/07 - 26/07

Pssst! Hey you. Scroll down for commentary!
Important/Notable/Highlights:
Special Mentions:
You haven't had enough news? Here is some more:
Speculation:
You made it! :)
First up, SORRY! This has been a late post, I have my reasons don't question them (if you must know I'll be posting in the discord - one time only haha). Secondly, I am sure you can agree with me when I say "Wow!" What an incredible week it has been. Last week I thought it was going to take a couple more weeks for more moving price action when it had only taken a few days which has seen Bitcoin reach and pass the $10,000 region. We have also seen the total Market cap for cryptocurrencies increase from about 280B to over 300B (308B at time of writing) within just a few days. A huge injection of liquidity, about 40B, into the market and just to name a few of the best rises in the top 20 (on Coinmarketcap.com), the price of ETH BTC ADA have given good performances/positive responses (With this I will start adding screenshots at the end of each week for timestamp purposes).
This may be a combination from Binance, Mastercard, Paypal, Grayscale investments, VISA AND the DEFI sector. Let me explain... Last week we read about Binance integrating with the company Swipe (SXP) to issue there own debit card expanding the use and reach of cryptocurrency to 31 countries within Europe. Binance's Q2 scheduled token burn of $60.5 Million, this figure correlates with its exchange, margin and futures trading platforms where approximately 20% of profits get burned to increase the price of BNB token (careful as the price has been steady after the burn).
This week we find out Mastercard's expansion into the Cryptosphere as they expand and integrate with the Wirex team to issue a Mastercard-backed Bitcoin debit card, thus further extending the reach of cryptocurrency availability internationally.
"The cryptocurrency market continues to mature and Mastercard is driving it forward, creating safe and secure experiences for consumers and businesses in today’s digital economy " "...Our work with Wirex and the wider crypto ecosystem is accelerating innovation and empowering consumers with more choice in the way they pay"
Mastercard is also reaching out to other emerging cryptocurrency firms to apply to become principal members [Partners] with Mastercard as they have relaxed their digital assets program and look to expand into the Digital Assets and Blockchain environment.
Paypals expression of interest in cryptocurrency facilitiation may bear fruits as it is said Paypal has partnered up with stablecoin operator Paxos (who is already in partnership with Revolut in the US) to facilitate trading through a cryptocurrency brokerage which will enable other firms to integrate cryptocurrency trading functionalities with them. In my opinion this looks much more promising than the Libra association they pulled out from last October as regulations.
Grayscale Investments clears regulatory hurdle as they have been given the green light for its Bitcoin Cash Trust (BCHG) and Litecoin Trust (LTCN) to be quoted in over-the-counter (OTC) markets by US Financial Industry Regulatory Authority (FINRA).
“The Trusts are open-ended trusts sponsored by Grayscale and are intended to enable exposure to the price movement of the Trusts’ underlying assets through a traditional investment vehicle, avoiding the challenges of buying, storing, and safekeeping digital Bitcoin Cash or Litecoin directly.”
More green lights for Cryptocurrency in the US as regulators allow banks to provide cryptocurrency custody services (which may go further than just custody services). A little bit strange as it seems unnecessary and undermines one of the key factors and uses of cryptocurrency which is to be in complete control of your own finances... On another outlook this may be bullish as it allows US banks to provide banking services directly to lawful cryptocurrency businesses and show support for Bitcoin.
Visa shows support stating they have a roadmap for their further expansion into the Crypto sphere. Already working with Crypto platform Coinbase and Fold they have stated they recognise the role of digital assets in the future of money. To be frank, it appears to be focused on stable coins, cost effectiveness and transaction speeds. However they are expanding their support for crypto assets.
AND MOST IMPORTANTLY, DeFI! Our very own growing section in crypto. Just like the 2017 ICO boom we are seeing exorbitant growth and FOMO into the Decentralised Finance sector (WBTC, Stablecoins, Yield farming, DEXs etc). The amount of active addresses on Ethereum has doubled but with the FOMO on their network have sky rocketed their fees! Large use-cases of stable coins such as USDT ($6B in circulation using ERC-20 standard), DAI, TUSD, and PAX. $114M Wrapped Bitcoin (WBTC) on their network acts as a fluid side chain for Bitcoin and DEX trade volume has touched $1.6B this month. With all this action happening on Ethereum I saw the 24HR volume surpass BTC briefly on Worldcoinindex.com
In other news, Bitcoin has been set as a new precedent in a US federal court in a case against Larry Dean Harmon, the operator of an underground trading platform Helix. Bitcoin has now legally been ruled as a form of money.
“After examination of the relevant statutes, case law, and other sources, the Court concludes that bitcoin is money under the MTA and that Helix, as described in the indictment, was an `unlicensed money transmitting business´ under applicable federal law.”
Quick news in China/Asia as floods threaten miners and the most dominant ASIC Bitcoin mining rig manufacturer Bitmain loses 10,000 Antminers worth millions alledgedly goes missing or "illegally transfered" with ongoing leadership dispute between cofounders.
Last but not least, Cardano (ADA) upgrade Shelley is ready to launch! Hardfork is initiated as final countdown clock is switched on. At time of writing the point of no return has been reached, stress tests done and confirmation Hardfork is coming 29/07 The Shelley Mainnet upgrade is a step toward fast, capable and decentralised crypto that can serve billions of people. With the Shelley Mainnet is ADA staking rewards and pools! Here is a chance for us Gravychainers to set up a small pool of our own. Small percentage of profits going into the development of the community, and you keep the rest!
If you read all of my ramblings thanks heaps! I appreciate it! I have added an extra piece of reading called speculation. Most you can speculate on by just reading the headline some others have more depth to them.
Another post next week for a weekly round up! Where do you think the market is going? What is in your portfolio? Let us know in the Gravychain Discord Channel
See you soon!
🍕 Bring some virtual pizza to share 🍕
Come have a chat, stimulate a discussion, ask a question or share some knowledge. We are all friendly crypto enthusiasts up for a chat, supportive and want to help each other with knowledge and investments!
Big thanks to our Telegram and My Crypto HQ for the constant news updates!
P.S.
Dr Seuss collectables on the blockchain HECK YEAH! and Bitcoin enters NASCAR, remember when Doge did this? it was like when Doge was trending on TikTok.
... Oh yeah did I also mention Steve Wozniak is suing Youtube, Google over rampant Bitcoin scams. Wait, what? Sydney based law firm JPB Liberty is suing Google, Facebook and Twitter for up to $300B. Just another day in the Cryptosphere.
submitted by IOTAbesomewhere to Gravychain [link] [comments]

Let's finally put all of those "it will take 30 years to onboard everybody into Lightning" posts to rest, once and for all..

See this post. Basically, with the latest version of LND, we are able to batch LN channel opening transactions. This example shows the opening of 10 LN channels with just one on chain transaction and just one input.
Total saving on transaction size [and therefore fees] over opening 10 separate channels = 994 sats or 64.5% - this % obviously improves with more outputs/LN channel openings. You can also do this straight from your hardware wallet without depositing into LND first which is another 1 in chain tx saved. There's no reason you couldn't open 50 or 100+ channels with just 1 tx..
One standard tx with bch is 226 bytes to make just one payment whereas this Bitcoin transaction @ 540 vbytes (a little over 2x the size) would be able to onboard 10 people into the LN and those channels can potentially perform hundreds of near free & instant offchain tx themselves ...
Finally, this is already possible with the technology as it exists today, let alone any further signature aggregation or compression upgrades that are yet to come.
Final thought - it most definitely wont take 30 years to onboard everybody on the LN, the tech can already handle far more demand than currently exists.
Post Edit - the mods at r btc banned me for posting this.
submitted by tuurokk to btc [link] [comments]

When alprazolam powder ran through the postal system like gold

So roughly around the end of winter in 2015 going on 2016 I was finishing up college for my computer networking degree. I was a avid silk road customer with ties to Xanaxman and few others I wont mention but mostly all are incarcerated now. With real alprazolam xanax powder flowing through the postal system like gold in the hills, there were 2, 2.5, and 3 and even 4mg pressed xanax bars being sold for .20 cents to 75c per pill. As a college student in a college town and experimenting with different drugs every weekend I knew I could make some money.
I quickly made friends with one of the biggest xanax distributors on the silk road. We actually had conversations daily and I considered him a friend. He would explain his press machine, the way he operated his business and allot of personal information as we just clicked and quickly a friendship became. From going to selling 1000 every 2 weeks for 3$ ea and customers coming back like clockwork this quickly went to 5k a week selling bulk. He would eventually front me 20k sent 4 packages to 4 different addresses that I knew my friends wouldn't mind for cash.
This is where I knew I fucked up. With cash coming in like I've never seen before I literally could do or go anywhere. I was on top of the world. ( I'll get back to this in a second). One afternoon I woke up from a night at the bar, head still spinning and that good next day feeling from the benzos. As I tried rubbing the sleep off my eyes I stumbled out of my roommates bed onto his glass table breaking the entire thing, shattering it into hundreds of peices. How I didn't get hurt is beyond me.
As I lay on the ground very confused and panicked I look at the ceiling fan which is on, swinging a belt from the blades around and around. I get up cussing at my self and remember yelling out to my roommate to come here. I took the belt off the fan and noticed it wasn't mine and a wallet came off with the belt that was holding it down. I looked at the wallet, I had no idea who this person was.
After sitting down for a second trying to recollect from the night before I get up and go to the living room where I see my front door wide open I freak out worried my dog got out but I ran to my room which door was closed and thankfully he was on the bed looking at me like mother fcker you have some big problems. Sigh of relief my pup was there but shit and piss was everywhere.
Now to find my phone. I tore up my roommate's bedroom looking for my phone. No luck. As a few hours passed I got a more worried as I totally blacked out the night before and couldn't remember anything after popping 3 3mg xanax and flow of drinks. I realized I was supposed to be getting a package this day and went out to mailbox but nothing was there. Little freaked out I came back inside and grabbed my burner phone and called one of my drops. The package wasn't there either, nor was any of them.
I then drove to the bar I was last at the night before and not even 3 steps in the owner stopped me and said sir you are no longer allowed in here after what happened last night and I'm calling the police. Stunned, I said I don't remember what happened last night and whatever I did I'll pay for the damage. He said the only thing you broke was a pool stick across a police car and you and your friend got into a fight with 5 college students. I looked down and things were starting to come to me. He said police were looking for me and my roommate was in jail. Very confused I thanked him and gave him 100$.
So I assume the wallet was one of the persons I got into a fight with. I go to address on ID but no one answered so I left it on the chair on the front porch. Why the hell was a belt and his wallet on the blade of my ceiling fan? So many questions I had. I come home and get on my computer to see where my packages were at before I call the jail. All packages said they needed to be picked up at post office sig required. This freaked me out beyond belief. How was I going to tell this vendor I wouldn't be able to pay for 40k bars that were fronted. Logged off my account and got off my chair and a knock on the door. I hit my toe on the edge of my bed and there was my phone, I was very happy. I plugged it in and went to front door. It was a police officer.
Freaking out, I didn't know what to do so I just stood behind the door panicking. I ran to my safe and put everything I had in there which I hadn't used in years because I forgot the code to get in. Along with the drugs was my random generated pin for my btc wallet. As I closed it I very loudly shouted FUCK as I watched it closed remembering I didn't know the code. I'll just worry about it later I told myself and rushed to door. Officer asked if I was at the bar last night where the incident happened I said yes I was and he asked if I could come down to station to write a affidavit. Agreeing nervously as I didn't want more cops to come or come inside my house he let me follow him up there.
As i sit down he asks me questions about the fight and said my roommate had broken one guys jaw that's why he was in jail. I told him honestly sir I blacked out, defended myself and I don't remember how I got home. He said I was told you were running down the street with only shoes on and a belt. I looked down and busted out with a laugh saying sir there is no way that's accurate. With the straightest face he said does it look like I would make this up. My face was white as a ghost and I looked down again apologizing asking if I was in trouble. He stated there was nothing on camera about the fight nor was the guy pressing charges. Thought maybe this day will finally get better.
So he said to fill out the affidavit best of my knowledge and I asked when my friend was getting out since no charges were being filed. He said when he calms down as he was still in the drunk tank. I left there wth only one thing on my mind, how in the hell am I going To get these packages.
I was honestly scared and figured they were seized but wondered why I didn't get a controlled delivery instead. Not that I was complaining but I was still freaked out about losing 40K bars and how is it going to explain it to my silk road vendor. Days go and pass and about a week later I find over 200 people had had controlled deliveries across the US and my vendor had been arrested. I had been so scared these past few days that I haven't even thought about getting back into the safe as I had bars laying around the house that I was taking to call my anxiety and so I didn't have any type of come down in decided to wing myself off now that I Was facing possible charges on these packages.
3 weeks pass and I finally try to get the remaining bars I had left from the safe and remember about my btc wallet code. This wasnt a 100$ safe it was a family members huge gun safe that was like a bank vault. My roommate and I tried to get into that safe for 3 days straight doing anything and everything I could and nothing would budge. I was out of options. I finally gave up and given up selling xanax as I was afraid of the possible consequences that might occur.
Almost a year later when I moved out of the house I had a few friends of mine get to say from the back of The truck to take it out to a lease to blow it up with tannerite. It took us a few days of blowing up, shooting it and putting a drill to the corners we finally opened it. I had forgotten how many drugs were actually in there. Finding my btc pass for my wallet I was really excited as the price of bitcoin had gone up substantially. It was all there. Ended up being close to 65k worth of btc. It was a glorious day. I was completely off all drugs and had all this bitcoin.
Nothing ever came about the packages and I moved far away from where I went to college. Looking back it was a fun, dangerous ride but wouldnt change a thing. Unfortunate events for my buddy being busted for his lab and I eventually found him in prison system and sent a letter anonymously saying I can send him money to family if he wanted. I never got a letter back and dont know if he even got the letter. Craziest thing I've ever done but wouldn't of gone back to do it any different. Bars took a tole on me and I'm very fortunate I even came out of the situation not in jail or repercussion for owing someone money. Oh the good ol days...?
submitted by c0rrect6 to BartardStories [link] [comments]

First Lightning Network apps are being rolled out

First Lightning Network apps are being rolled out submitted by ReneFroger to Bitcoin [link] [comments]

Anybody else having trouble withdrawing crypto from ABRA wallet?

I have been trying to withdraw / send my BCH from ABRA wallet to bitcoin.com wallet, but when i click transfer to another wallet, a message apears saying that i do not have any funds in my wallet. But that is not true, i have bch in my wallet and the balance is visible when i open the app. Its just when i try to withdraw that the message appears.
An hour ago when i opened the app, a message apeared, asking me if i would like ABRA to take custody of my coins. Offcourse i declined but i fear that i wont be able get my BCH out of that wallet.
I tried restoring the wallet on a different app using the 12 word phrase. I was able to restore the wallet but the balance was 0. So now i can only see the balance on the ABRA app but am not able to do anything with it.
Does anybody know anything about this ABRA app?
submitted by Ivaylo12 to btc [link] [comments]

Weekly Update: Parachute Friday Chat, Happy Birthday TTR, WEDClub usable everyday, Hydro No-Code PFM App... – 13 Mar - 19 Mar'20

Weekly Update: Parachute Friday Chat, Happy Birthday TTR, WEDClub usable everyday, Hydro No-Code PFM App... – 13 Mar - 19 Mar'20
Hi everyone! Hope everyone’s doing well in their homes. As you shelter yourself from COVID-19, what better way to spend a few hours than catching up on another week at Parachute + partners (13 Mar - 19 Mar'20):

Cap started off the week with the first ever Friday Chat – a weekly discussion event to be held each Friday on a current topic. This week we talked about Bitcoin in light of the recent dip and 41% people being in the money (47% are out of the money) wrt $BTC. Foo hosted his first ever Parena. And it was super fun! In the latest #FPL update shared by LordHades, Alexis leads the charts with 1692 points followed by LH at 1688 and NovelCloud at 1668. I’m Clueless (Joakim) and 3, 2, 1 Lindelof (Chris) have been closing in to top 3 steadily as well. Bose’s Friday TTR Trivia had 1k $PAquestion in prizes. Alejandro hosted a gun mode CoD Mobile flash game in the War Zone this week for some cool $PAR prizes. Victor hosted an “easy” trivia in TTR. Charlotte hosted another quiz for a 10k $PAR prize pot. Plus, the Tiproom turned a year old this week. To celebrate the occasion, Doc Vic hosted a photography contest. Followed by a TTR birthday Parena MC’ed by Foo as well. For Two-For-Tuesday this week, Gian made it a free4all. No fixed theme. Thank you for keeping the playlist updated again Sebastian. GC closed off 2FT with a flash game. And if all the Coronavirus news has you feeling down, Clinton has been spreading positivity through some good news that’s been going around as well. Just look up “#goodnewsclint” in the Parachute channel. For #wholesomewed this week, Parachuters talked about how they would use USD 100k to help the maximum number of people.
Wicked good artwork by Amaan in light of the beating that crypto took recently
In aXpire news, Matthew published a blog post on trends in legal billing software. The latest update video talks about aXpire’s COVID-19 preparedness amongst other weekly news. Track this week’s $AXPR burn here. WednesdayClub (a project of WednesdayCoin) was opened up for everyday use to help folks stuck at home to earn some crypto. Sadly the coronavirus crisis saw 2gether crew fighting a different category of fires. Crypto transfers had to be briefly paused because of sluggish traffic on the BTC blockchain. This was subsequently resolved as well but with a purchase limit for the time being. Like last week, the purchase feature had to be temporarily disabled but was restored soon. To address all doubts, especially in light of the current pandemic situation, CEO Ramon Ferraz wrote an announcement post to explain updates on the platform. The support channels will continue to remain open to redress all grievances. If you’ve missed the last 2 weeks at Fantom, don’t forget to read the consolidated update. The project announced a partnership with Band Protocol to use their oracles on the Opera mainnet. Want to see some latest stats on how the Uptrennd platform has been faring? Luke has got your back. He compiled some figures and put them out in an article. A new community dedicated to Coronavirus was added to Uptrennd. Plus, the crew opened up another public vote to choose the next project for a free review + marketing package on the platform. For the latest Weekly and Dev Update from District0x, click here and here respectively.
More insights from 2gether’s report on female crypto users
To help track possible Coronavirus infections, Silent Notary has built a solution using IDL and Ubikiri. Unstoppable Domains is now available in OST’s Pepo Store. As a follow up to the first part on SelfKey’s expansion strategy in the identity management space (shared a few weeks back), the second part was published this week. Zipmex joined SelfKey’s exchange marketplace. If you want to survive a data breach, don’t forget to read the guide made by the $KEY crew. Constellation Co-Founder and CRO Benjamin Diggles shared an update on the project’s progress in the Dcode accelerator and other government efforts. In his interview with CYT-Crypto, CEO Benjamin Jorgensen talked about the importance of community. Yazom founder Sanje Witter wrote about COVID-19 (origin, structure, prevention etc.) in his latest article. Did you know that Pynk’s Rose AI was correctly able to correctly predict the recent market crash? How did it do that? Two words: Crowd Wisdom. Read all about it here. In this week’s Harmony live video, CEO Stephen Tse and COO Li Jiang talked about the project development vis-à-vis COVID-19. For the weekly #pow thread, click here. Plus, last week’s video update is out as well. The team also started a Harmony Validator Spotlight series this week to highlight validators helping secure Harmony. Everstake became a Harmony staking partner. Pangaea Phase 2 (which is Pt. III or IV) was launched. Still not sure how to delegate your $ONE tokens for staking by validators. Watch this video demo to learn. And hope you didn’t miss the community hangout.
Sentivate’s latest roadmap update
In addition to integrations from past few weeks, Hydro also integrated aggregation software Yodlee and financial data provider Xignite to its platform. Is your head spinning from all these integrations? The crew made it is simple with an explainer about its middleware APIs. Hydrogen also launched a new No-Code personal financial management (PFM) app. Have a look! Biz Dev Mark Anstead was at the Milwaukee Blockchain Conference this week to speak about Barriers to Adoption. For an early sneak peek into the Hydro Vault, click here. Intellishare founder Raymond Xiong sat down for an AMA with the community this week. Click here to read the transcript. Global Crypto Alliance’s $CALL token was listed on StakeSwap this week. $COTI stakers can now claim their rewards directly from the mainnet wallet. If you missed COTI’s Tech AMA last week, you can catch up on the transcript here. DoYourTip’s $DYT token was added to Uniswap this week. The crew also announced a bounty for doing some swaps over there. For the latest update report, click here.

And with that, it’s a wrap! See you again with another update. Ciao!
submitted by abhijoysarkar to ParachuteToken [link] [comments]

(Vote.Via.Eth) Open Voting/Polling Data Using Honest/Costly Signals. Vote via Shitcoins [Feedback, Questions, and Comments]

Global 2020 United States Presidential Election Poll.
Vote with btc, eth, dai, or any other shit coin you might have!
Dump your shitty airdrops and help develop open voting data and methods!
Uses address values to signal global support for a candidate and the global importance of the overall United States Presidential Elections. Address values before, during, and after Tuesday November 3, 2020 should correlate with various stages of support, a winneloser, and the global reach of the election and this poll. Might provide more insight if paired with data from other sources, because this is the first election cycle and test of vote.via.eth there will be no past polls to compare it to. Please Provide feedback if nothing else. Global participation welcomed.
vote.via.eth | vote2020.via.eth
International voters should use ether of the addresses above to signal that the election is important without making a candidate selection.
NoConfidence2020.via.eth
Voters should use this address to signal distrust in the United States Government and its voting process.
Trump2020.via.eth
Biden2020.via.eth
Sanders2020.via.eth
Warren2020.via.eth
BloomBerg2020
Voters should use one of these to signal support for a specific candidate. If a candidate drops out from the race that address is treated like "vote.via.eth" signalling the election is important.
=== Cost of Participation ===
You forfeit whatever value you choose to send (btc, eth, dai, or any other shit coin), make sure its an amount you are comfortable forfeiting/donating/losing. Obviously this poll/vote will not be used to pick the next President of the United States.
=== Benefits of Participation ===
  1. A public and verifiable vote, proof that it effected the outcome of this poll.
  2. Reasonable belief that the participates in this poll made an honest choice in their selection with full knowledge of its costs. One rich guy can skew the polls but forfeiture of the underlying value is what keeps the poll as honest as possible. Are you really willing to forfeit X amount to show support for Y candidate? Both lying and telling the truth have the same outcome, you forfeit the value and your vote is recorded. Its in everyone best interest to tell the truth.
  3. A free (beer&speech) pseudo-anonymous data set, hosted on the blockchain, with the following associated keywords {internet, voting, ethereum, bitcoin, value}
  4. A test case in blockchain voting/polling.
=== Questions ===
Q. Why Honest/Costly Signalling
A. Because a vote has value.
Q. How can I vote using BTC?
A. Each address has an associated Multi:Coin BTC address viewable using https://ens.domains or https://myetherwallet.com
Q. What will happen to the value I voted with?
A. If you have to ask, vote with a smaller value or a shittier coin.
Q. Voting with money is a terrible idea
A. Voting with money is a terrible idea agreed, some of us have it some don't. voting with some random token (shitcoin) or any value amount you're indifferent about isn't.
Q. It should be 1 vote per person which is in no one way controlled or verifiable here.
A. Sending 1shitcoin is the same as sending .5shitcoin twice but less expensive.
Q. There's no enforcement of any modern voting mechanisms like rank choice voting.
A. It measure support by using Honest/Costly Signalling. Both lying and telling the truth have the same outcome, you lose your value and your vote is recorded. Its in everyone best interest to tell the truth.
Q. Definitely seems like you are just trying to get people to send you crypto.
A. I'm trying to get people to vote in a open, reliable, and verifiable way (It uses ens to make it easy to vote, anyone with a mobile wallet can). It states upfront vote with [Eth, Btc, or any other Shitcoin] and upon voting you forfeit the value. I won't get into the mechanisms used but i can guarantee that after voting you will not have that value so vote honestly and only send an amount you wont notice or the most shit shitcoin you can. You can even make a random token (MyShitCoin) and send it. The value ~$0 is used to record your vote.
Q. No one can trust the owner of those wallets.
A. This is a big fact that is true for any project and wallet. Good thing the trust isn't in the wallets its in the blockchain, even with the via.eth keys I can't change your vote. Forfeit ~$0 of value > Get your vote recorded with the benefits listed above.
submitted by black0ps to GAMETHEORY [link] [comments]

Bull Bitcoin’s Dollar-Cost Averaging tool for Canadians: a detailed overview

Hello fellow Canadian Bitcoiners!
I'm Francis Pouliot, CEO and founder of Bull Bitcoin (previously known as Bitcoin Outlet) and Bylls.
I haven't been active on Reddit for a while but I thought I'd pop back here to let the community know about our new dollar-cost averaging feature, "Recurring Buy"
This post is a copy of my most recent medium article which you can read here if you want to see the screenshots. https://medium.com/bull-bitcoin/bull-bitcoins-dollar-cost-averaging-tool-for-canadians-the-right-time-to-buy-bitcoin-is-every-day-82a992ca22c1
Thanks in advance for any feedback and suggestions!
[Post starts here]
The Bull Bitcoin team is constantly trying to reduce the frictions ordinary people face when investing in Bitcoin and propose innovative features which ensure our users follow Bitcoin best practices and minimize their risks.
We are particularly excited and proud about our latest feature: an automated Bitcoin dollar-cost averaging tool which we dubbed “Recurring Buy”.
The Recurring Buy feature lets Bull Bitcoin users create an automated schedule that will buy Bitcoin every day using the funds in their account balance and send the Bitcoin directly to their Bitcoin wallet straight away.
We put a lot of thought in the implementation details and striking the right trade-offs for a simple and elegant solution. Our hope is that it will become a standard other Bitcoin exchanges will emulate for the benefit of their users. This standard will certainly evolve over time as we accumulate feedback and operational experience.
In this article, I cover:
The problem that we are trying to solve
Recurring Buy feature details, processes and instructions
The rationale (and tradeoffs) behind the main feature design choices
Bull Bitcoin is only available to Canadians, but non-Canadians that wish to have a look at how it works are welcome to make a Bull Bitcoin account and check out how it works here. You will be able to go through the process of create the schedule for testing purposes, but you wont be able to fund your account and actually purchase Bitcoin.
What problems does Dollar-Cost Averaging solve?
The most common concern of Bitcoin investors is, not surprisingly, “when is the right time to buy Bitcoin?”. Bitcoin is indeed a very volatile asset. A quick glance at a Bitcoin price chart shows there are without a doubt “worse times” and “better times” to invest in Bitcoin. But is that the same as the “right” time?
Gurus, analysts and journalists continuously offer their theories explaining what affects the Bitcoin price, supported by fancy trading charts and geopolitical analysis, further reinforcing the false notion that it is possible to predict the price of Bitcoin.
Newbies are constantly bombarded with mainstream media headlines of spectacular gains and devastating losses. For some, this grows into an irresistible temptation to get rich quick. Others become crippled with the fear of becoming “the sucker” on which early adopters dump their bags.
Veterans are haunted by past Bitcoin purchases which were quickly followed by a crash in the price. “I should have waited to buy the dip…”
Many Bitcoin veterans and long-term investors often shrug off the question of when is the right time to buy with the philosophy: “just hodl”. But even those holding until their death will recognize that buying more Bitcoin for the same price is a better outcome.
Given the very high daily volatility of Bitcoin, a hodler can find himself in many years having significantly less wealth just because he once bought Bitcoin on a Monday instead of a Wednesday. His options are either to leave it up to chance or make an attempt to “time the market” and “buy the dip”, which can turn into a stressful trading obsession, irrational decisions (which have a negative impact on budget, income and expenses) and severe psychological trauma. In addition, trying to “buy the dip” is often synonymous to keeping large amounts of fiat on an exchange to be ready for “when the time comes”.
There must be a better way.
Bitcoin investors should be rewarded for having understood Bitcoin’s long-term value proposition early on, for having taken the risk to invest accordingly and for having followed best practices. Not for being lucky.
Overview of features and rules
In this section I go into every detail of the Recurring Buy feature. In the following section, I focus on explaining why we chose this particular user experience.
The user first decides his target investment amount. Ideally, this is a monthly budget or yearly budget he allocates to investing in Bitcoin based on his projected income and expenses.
The user then chooses either the duration of the Recurring Buy schedule or the daily purchase amount. The longer the better.
The frequency is each day and cannot be modified.
The user must submit a Bitcoin address before activating a Recurring Buy schedule. By default, every transaction will be sent to that Bitcoin address. It’s the fallback address in case they don’t provide multiple addresses later.
Once the user has filled the form with target amount, the duration and the Bitcoin address, he can activate the Recurring Buy Schedule.
The user is not required to already have funds in his account balance to activate the schedule.
We will randomly select a time of day at which his transaction will be processed (every hour, so 24 possible times). If the user insists on another time of day, he can cancel his Recurring Buy schedule and try again.


The Recurring Buy feature as displayed on bullbitcoin.com/recurring-buys
The schedule is then displayed to the user, showing the time and date at which transactions that will take place in the future. The user will be able to see how long his current balance will last.
He can follow the progress of the dollar-cost averaging schedule, monitor in real time his average acquisition cost, and audit each transaction individually.
At this point, the user can and should change the Bitcoin address of his next transactions to avoid address re-use. Address re-use is not forbidden, but it is highly discouraged.
After having modified the Bitcoin addresses, there is nothing left for the user to do except watch the bitcoins appear in his Bitcoin wallet every day!
The Bitcoins are sent right away at the time of purchase.
Bitcoin transactions using the Recurring Buy feature will have the lowest possible Bitcoin network transaction fee to avoid creating upwards pressure on the fee market impact other network users.


What users see after first activating a schedule
The Recurring Buy schedule will be cancelled automatically at the time of the next purchase if the balance is insufficient. He can add more funds to his balance whenever he wants.
The Recurring Buy schedule will continue until the target amount is reached or until the account balance runs out.
The user can cancel his Recurring Buy schedule whenever he wants.
If the user wants to change the amount or duration of the schedule, he can simply cancel his current schedule and create a new one.
Each schedule has a unique identifier so that users can keep track of various schedules they perform over time.
Once a schedule is completed, either fully or partially, a summary will be provided which shows the number of transactions completed, the average acquisition cost, the total amount of Bitcoin purchase and the total amount of fiat spent. Useful for accounting!


A partially completed Recurring Buy schedule cancelled after 9 days due to insufficient funds
Though process in making our design choices
Recurring Bitcoin Purchases vs. Recurring Payment/Funding
The first and most important design choice was to separate the processes of funding the account balance with fiat (the payment) from the process of buying Bitcoin (the purchase). Users do not need to make a bank transaction every time they do a Bitcoin purchase. They first fund their account manually on their own terms, and the recurring purchases are debited from their pre-funded account balance.
Another approach would have been to automatically withdraw fiat from the user’s bank account (e.g. a direct debit or subscription billing) for each transaction (like our friends at Amber) or to instruct the user to set-up recurring payments to Bull Bitcoin from their bank account (like our friends at Bittr). The downside of these strategies is that they require numerous bank transactions which increases transaction fees and the likelihood of triggering fraud and compliance flags at the user’s bank. However, this does remove the user’s need to keep larger amounts of fiat on the exchange and reduces the friction of having to make manual bank payments.
Bull Bitcoin is currently working on a separate “Recurring Funding” feature that will automatically debit fiat from the user’s bank accounts using a separate recurring schedule with a minimum frequency of once a week, with a target of once every two weeks or once a month to match the user’s income frequency. This can, and will, be used in combination from the “Recurring Buy” feature, but both can be used separately.
The ultimate experience that we wish to achieve is that users will automatically set aside, each paycheck (two weeks), a small budget to invest in Bitcoin using the “Recurring Funding” feature which is sufficient to refill their account balance for the next two weeks of daily recurring purchases.
Frequency of transactions
The second important decision was about customizing the frequency of the schedule. We decided to make it “each day” only. This is specifically to ensure users have a large enough sample size and remain consistent which are the two key components to a successful dollar-cost averaging strategy.
A higher amount of recurring transactions (larger sample size) will result in the user’s average acquisition being closer to the actual average Bitcoin price over that period of time. Weekly or monthly recurring purchases can provide the same effectiveness if they are performed over a duration of time which is 7x longer (weekly) or 30x longer (monthly).
It is our belief that the longer the duration of the schedule, the more likely the user is to cancel the recurring buy schedule in order to “buy the dip”. Dollar-cost averaging is boring, and watching sats appear in the wallet every day is a good way to reduce the temptation of breaking the consistency.
We do not force this on users: they can still cancel the schedule if they want and go all-in. We consider it more of a gentle nudge in the right direction.
Frequency of withdrawals (one purchase = one bitcoin transaction)
This is one of the most interesting design choices because it is a trade-off between scalability (costs), privacy and custody. Ultimately, we decided that trust-minimization (no custody) and privacy were the most important at the expense of long-term scalability and costs.
Realistically, Bitcoin network fees are currently low and we expect them to remain low for the near future, although they will certainly increase massively over the long-term. One of the ways we mitigated this problem was to select the smallest possible transaction fee for transactions done in the context of Recurring Buy, separate from regular transaction fees on regular Bitcoin purchases (which, at Bull Bitcoin, are very generous).
Note: users must merge their UTXOs periodically to avoid being stuck with a large amount of small UTXOs in the future when fees become more expensive. This is what makes me most uncomfortable about our solution. I hope to also solve this problem, but it is ultimately something Bitcoin wallets need to address as well. Perhaps an automated tool in Bitcoin wallets which merges UTXOs periodically when the fees are low? Food for thought.
When transaction fees and scalability becomes a problem for us, it will have become a problem for all other small payments on the Bitcoin network, and we will use whatever solution is most appropriate at that time.
It is possible that Lightning Network ends up being the scalability solution, although currently it is logistically very difficult to perform automated payouts to users using Lightning, particularly recurring payouts, which require users to create Bolt11 invoices and to convince other peers in the network to open channels and fund channels with them for inbound capacity.
These are the general trade-offs:
Send a Bitcoin transaction for every purchase (what we do) - Most expensive for the exchange - Most expensive for the user (many UTXOs) - Increases Bitcoin Network UTXOs set - Inefficient usage of block space - Most private - Zero custody risk
Keep custody of the Bitcoin until the schedule is over or when the user requests a withdrawal (what Coinbase does) - No additional costs -No blockchain bloating - Same level of privacy - High custody risk
Batch user transactions together at fixed intervals (e.g. every day) - Slightly lower transaction costs for the exchange - Same costs for the user - Slightly more efficient use of block space - Same level of UTXO set bloating - Much lower level of privacy - Slightly higher custody risk
Single address vs multiple addresses vs HD keys (xpubs)
The final decision we had to make was preventing address re-use and allowing users to provide an HD key (xpub) rather than a Bitcoin address.
Address re-use generally decreases privacy because it becomes possible for third-party blockchain snoops to figure out that multiple Bitcoin transactions are going to the same user. But we must also consider that even transactions are sent to multiple addresses, particularly if they are small amounts, it is highly likely that the user will “merge” the coins into a single transaction when spending from his wallet. It is always possible for users to prevent this using Coinjoin, in which there is a large privacy gain in not re-using addresses compared to using a single address.
It is important to note that this does not decrease privacy compared to regular Bitcoin purchases on Bull Bitcoin outside of “Recurring Buy”. Whether a user has one transaction of $1000 going to a Bitcoin address or 10x$100 going that same Bitcoin address doesn’t reveal any new information about the user other than the fact he is likely using a dollar-cost averaging mechanism. It is rather a missed opportunity to gain more privacy.
Another smaller decision was whether or not we should ask the user to provide all his addresses upfront before being able to activate the schedule, which would completely remove the possibility of address re-use. We ultimately decided that because this process can take a very long time (imagine doing Recurring Buy every day for 365 days) it is better to let the user do this at his own pace, particularly because he may eventually change his Bitcoin wallet and forget to change the addresses in the schedule.
There are also various legitimate use-cases where users have no choice but to re-use the same address . A discussion for another day!
Asking the user to provide an XPUB is a great solution to address re-use. The exchange must dynamically derive a new Bitcoin address for the user at each transaction, which is not really a technical challenge. As far as I can tell, Bittr is the only Bitcoin exchange exchange which has implemented this technique. Kudos!
It is however important that the user doesn’t reuse this XPUB for anything else, otherwise the exchange can track his entire wallet balance and transaction history.
It is worth noting that not all wallets support HD keys or have HD keys by default (e.g. Bitcoin Core). So it is imperative that we offer the option to give Bitcoin addresses. We believe there is a lot of potential to create wallet coordination mechanisms between senders and recipients which would make this process a lot more streamlined.
In the future, we will certainly allow users to submit an XPUB instead of having to manually input a different address. But for now, we wanted to reduce the complexity to a minimum.
Conclusion: personal thoughts
I have a somewhat unique perspective on Bitcoin users due to the fact that I worked at the Bitcoin Embassy for almost 4 years. During this time, I had the opportunity to discuss face-to-face with thousands of Bitcoin investors. One of my favourite anecdotes is a nocoiner showing up at our office in December 2013 with a bag full of cash attempting to buy Bitcoin, “I know how to read a chart”, furious after being turned away. Many people who went “all-in” for short-term gains (usually altcoins) would show up to the Bitcoin Embassy office months later with heart-breaking stories.
This isn’t what I signed up for. My goal is to help people opt-out of fiat and, ultimately, to destroy the fiat currency system entirely.
This instilled in me a deep-rooted concern for gambling addiction and strong aversion to “trading”. I do not believe that Bitcoin exchanges should blindly follow “what the market dictates”. More often than not, what dictates the market is bad habits users formed because of the other Bitcoin services they used in the past, what other people are used to, and what feels familiar. Running a Bitcoin company should be inseparable from educating users on the best practices, and embedding these best practices into the user experience is the best way for them to learn.
Another important anecdote which motivated me to build a dollar-cost averaging tool is a person very close to me that had made the decision to buy Bitcoin, but was so stressed out about when was the right time to buy that they ended up not buying Bitcoin for a whole 6 months after funding their Bull Bitcoin account. That person eventually gave up and ultimately invested a large amount all at once. In hindsight, it turned out to be one of the worst possible times to invest in Bitcoin during that year.
Investing in Bitcoin can, and should be, a positive and rewarding experience.
Buying Bitcoin every day is the right strategy, but it is not necessarily lead to the best outcome.
The reality is that the best time to buy Bitcoin is at when market hits rock bottom (obviously). Sometimes, the upside from buying the dip can be much bigger than the risk (e.g. when the price dropped below $200 in 2015). But these are exceptions rather than the rule. And the cost of chasing dips is very high: stress, investing time and mental energy, and the very real psychological trauma which results from making bad trading decisions. Ultimately, it’s better to do the right thing than being lucky, but it’s not always a bad idea to cheat on your dollar-cost averaging from time to time if you can live with the costs and consequences.
Yours truly,
Francis
submitted by FrancisPouliot to BitcoinCA [link] [comments]

(Vote.Via.Eth) Open Voting/Polling Data Using Honest/Costly Signals. Vote via Shitcoins

Looking for [Comments, Feedback, and Questions] please, Game Theory in comments.
Global 2020 United States Presidential Election Poll.
Vote with btc, eth, dai, or any other shit coin you might have!
Dump your shitty airdrops and help develop open voting data and methods!
Uses address values to signal global support for a candidate and the global importance of the overall United States Presidential Elections. Address values before, during, and after Tuesday November 3, 2020 should correlate with various stages of support, a winneloser, and the global reach of the election and this poll. Might provide more insight if paired with data from other sources, because this is the first election cycle and test of vote.via.eth there will be no past polls to compare it to. Please Provide feedback if nothing else. Global participation welcomed.
vote.via.eth | vote2020.via.eth
International voters should use ether of the addresses above to signal that the election is important without making a candidate selection.
NoConfidence2020.via.eth
Voters should use this address to signal distrust in the United States Government and its voting process.
Trump2020.via.eth
Biden2020.via.eth
Sanders2020.via.eth
Warren2020.via.eth
BloomBerg2020
Voters should use one of these to signal support for a specific candidate. If a candidate drops out from the race that address is treated like "vote.via.eth" signalling the election is important.
=== Cost of Participation ===
You forfeit whatever value you choose to send (btc, eth, dai, or any other shit coin), make sure its an amount you are comfortable forfeiting/donating/losing. Obviously this poll/vote will not be used to pick the next President of the United States.
=== Benefits of Participation ===
  1. A public and verifiable vote, proof that it effected the outcome of this poll.
  2. Reasonable belief that the participates in this poll made an honest choice in their selection with full knowledge of its costs. One rich guy can skew the polls but forfeiture of the underlying value is what keeps the poll as honest as possible. Are you really willing to forfeit X amount to show support for Y candidate? Both lying and telling the truth have the same outcome, you lose your value. Its in everyone best interest to tell the truth.
  3. A free (beer&speech) pseudo-anonymous data set, hosted on the blockchain, with the following associated keywords {internet, voting, ethereum, bitcoin, value}
  4. A test case in blockchain voting/polling.
=== Questions ===
Q. Why Honest/Costly Signalling
A. Because a vote has value.
Q. How can I vote using BTC?
A. Each address has an associated Multi:Coin BTC address viewable using https://ens.domains or https://myetherwallet.com
Q. What will happen to the value I voted with?
A. If you have to ask, vote with a smaller value or a shittier coin.
Q. Voting with money is a terrible idea
A. Voting with money is a terrible idea agreed, some of us have it some don't. voting with some random token (shitcoin) or any value amount you're indifferent about isn't.
Q. It should be 1 vote per person which is in no one way controlled or verifiable here.
A. Sending 1shitcoin is the same as sending .5shitcoin twice, but less expensive.
Q. There's no enforcement of any modern voting mechanisms like rank choice voting.
A. It measure support by using Honest/Costly Signalling. Both lying and telling the truth have the same outcome, you lose your value. Its in everyone best interest to tell the truth.
Q. Definitely seems like you are just trying to get people to send you crypto.
A. I'm trying to get people to vote in a open, reliable, and verifiable way (It uses ens to make it easy to vote, anyone with a mobile wallet can). It states upfront vote with [Eth, Btc, or any other Shitcoin] and upon voting you forfeit the value. I won't get into the mechanisms used but i can guarantee that after voting you will not have that value so vote honestly and only send an amount you wont notice.
submitted by black0ps to CryptoCurrency [link] [comments]

Concerns on DeFi

Hello,
Just wanted to share some of my legitimate concerns around decentralised finance with the broader community. To be quite clear - I am a huge fan of Ethereum and DeFi and believe this could lead to the future of finance. However, I do worry if there is a circle jerk within the community that could lead to a lack of adoption in the coming months. I will try and keep this as short as possible. By all means, do understand I am coming from the pov of sharing constructive criticism and not dissing on the efforts of those building.
If you are solving for these problems in particular, please ping me and I'd love to talk further with you
  1. On-ramps The largest problem for much of the developing world is the fact that while DAI can without doubt give dollar exposure, acquiring them is quite a difficult task. In fact if DAI demand goes up substantially in a region, it could have premiums of upto 25% which makes it a bad on-ramp tool without necessary liquidity in place. (check Wazir X p2p USDT rates in India for context). This problem is not endemic to DAI alone but is applicable to stable tokens of all kinds. With regional regulations in nations like Thailand, Vietnam, Indonesia, Phillipines, Malaysia and India not being clear on stable tokens in particular, it becomes an uphill task for developers to build on it. More importantly, it becomes less appealing for the average individual to use. Now typically this wouldnt matter if the point of DeFi was to be a niche project aimed at a small community. However, DeFi has the power to be the first mass market blockchain tool for the world. Consider it to be the "e-mail" or "napster" moment for blockchain based applications. IF we are to scale then on-ramps and off-ramps need to be solved for. This can happen only and if the community begins engaging with regional regulators and exchanges begin providing solutions. In an ideal world, acquiring stable tokens should be as easy as venmo'ing someone $10 dollar and receiving say $9.90 (1% fee) in Incento (incento.io seems interesting, not shilling but do check them out!)
  2. Incumbent Efficiency In order for a system to scale past a certain point, the value add it brings needs to be considerably higher than the incumbent. Depending on the size of the remittance market, there exists multiple payments and wire transfer corridors set up by startups today to solve for quick transfers. In fact during times when a blockchain like those of Ethereum's or Bitcoin's are clogged - transferwise can prove to be a cheaper, better alternative than tokens. This is not to diss on the fact that decentralisation and immutability has a price attached to them, but for the average user today alternatives are far better than token based products. The challenge when it comes to scaling - especially towards L2 is whether products can be incrementally better than their incumbents in exchange for some trade offs (eg: relative centralisation in lightning for minimal fees and quicker confirmation). Today's DeFi apps have to make a call between being ideological and efficient because it seems there is a price attached to ideology and retail users aren't willing to pay that price.
  3. Slippage Much props to Kyber and Uniswap for solving for this on most DeFi apps but there remains challenges in how settlements for defi instruments today happen. As the scale of volume on products like DyDx and Nuo increase and the expected accuracy at which trade settlements are anticipated to be limited to, there will come a point in time where traditional market-makers will have to enter the system. At $500 million the DeFi space's largest traders constantly reel from price slippages and a lack of liquidity. How can we scale to $10 billion or $1 trillion without the kind of liquidity that could instill confidence in large whales. In order to solve this, there will come a point in time where hedge funds and dark pool service providers from traditional markets begin targetting DeFi instruments. The community will likely see this as an all out assault on the principles DeFi has been built upon but to be honest, this will be a quintessential requirement for the space to grow. We are seeing an early variant of this already with the likes of Cred raising $50 million to re-issue as debt (yes, not entirely DeFi) or with MakerDAO having VC partners that come from traditional backgrounds. Even in the case of products like Dharma and compound, the market-makers are hedge funds. We will see a convergence of traditional market products and DeFi soon. That will be an exciting phase imo.
  4. Product-Market Fit Debt is one of the oldest financial innovations in the markets. Quite literally. Some of the first ever tablets recorded debt obligations and as such have been quintessential to the growth of human civilisation. MakerDAO's proposition of issuing token backed debt is by all means revolutionary but in order to see true scale, DeFi has to grow beyond the individuals that can give assets as collateral. I reckon there will be a new layer of growth for DeFi soon that will be powered with open-data and AI. One where an individual's credit worthiness could be checked with the individual's permission on basis of on-chain tx activity and self sovereign identity. I also see a market for AI based lending rate predictions and forex management by central banks. Autonomous agents can realistically analyse tx's in and out of a country, account for macro-economic indicators and optimise internal lending rates and foreign currency reserves. Ofcourse it is too early for any of this to take place but within the next decade our markets will be far more (i) closer due to globalisation and (ii) automated due to improvements in AI. DeFi is all well and good but if we are going to beat the same old drums of economic instruments that were created thousands of years back, there may be no real value proposition here. LsDAI, rDAI, CDAI, DAI... are all interesting but the average user sees no value yet. Which makes me wonder if we are sitting around patting each other's back before we see something productive (a unicorn from the DeFi ecosystem perhaps?)
  5. Scale 4.5 billion. That's the number of unbanked individuals that can be catered to with an L2 payments solution powered by Ethereum. Challenges? On-ramp, storage of private keys, user education and bloody hell - marketing and user education. Emphasis on the last 2 because I feel not much focus is given on it. We can no longer build and hope the markets come. We are in an era of Zombie startups where startups with north of $100 million+ valuations in Mcap, that raised north of $10million in 2017 from ICOs are sitting on ~1000 users a month. People think the alts blood seepage is done but it is likely that that bleeding wont stop until we find users. And when we do find users, we cant expect them to be using a gazillion tokens, each with weird token economics and even more complex functioning to be using them. Standardising of token interactions through wallets and interoperability will solve for these challenges but its time we asked what are the biggest problems DeFi can solve today? Here are some hints.. NFT based Income share agreements -Non collateralised debt for gig economy corporations that are registered as DAOs -DAO treasury management -Forex off-ramps for tourists (P2P) More on these later..
Just wanted to share my $0.02.
submitted by WiseAcanthisitta5 to ethfinance [link] [comments]

The Political State and Future of Bitcoin

This post may not be so popular lol. But I'll tell you what you should hear.
One of the big pushbacks I have gotten on reddit is over the banking secrecy act. I have been repeatedly told that I am making shit up or being conspiratorial. This is very very foolish of this community. The statements and releases were in a document released by the FATF. I read it. It's right there. It's in the document. They've come right out and said exactly what they intend to do, and have told exchange CEO' "that's not our problem you WILL find a way to implement this".

I also follow the SEC and CFTC policy and press release strongly, and it is equally hostile and captured. It doesn't matter if a few people in the agencies are well intended. They don't call the shots. They are shadow regulatory industries controlled by people we will never see. The rich obviously. Dupont, Cargill, etc.

The bitcoin community has been deeply in denial about numerous issues pointed out. It has become a religion, incapable of receiving critique.
-Blind trust in Block stream
-Blind trust in Chinese miners and wallstreet institutional mining
-Blind trust in centralized exchanges
-Blind trust in the venture capital token M.O
-Blind trust in the idea of 'STO" security tokens sanctioned and graced by banks/regulators
-Blind trust in derivatives controlled by regulated bodies that can impose fractional reserve
-Blind trust in the meme of an ETF

If this community was far more educated in history and political economy and the US foreign policy, you would never trust these regulated wallstreet instruments, you would never trust a rubber stamp. I mean think about it, how many people in this community are hoping for Wallstreet and regulators to pump their bags. Because that has become the meme. They believe that the government approval and integration into the financial economy is going to pump their bags. How's that working out?
We have less commerce acceptance, less adoption, less users with a thousand dollars in their wallet, than a year ago.
The belief that bitcoin can exist in a vaacuum and bubble, that it can exist without decentralized infrastructure at the mercy of centralized infrastructure in a hostile environment and become mass adopted by nations of people is delusional. It hasn't worked in a decade. Bitcoin is a hobby horse for geeks, speculators, and a revenue stream for centralized wallstreet and financial institutions globally. It is a proxy of bitmain, of these other institutions, and is becoming more and more centralized. The gini coeeficient of bitcoin dwarfs fiat.

And the problem *is not bitcoin* the problem is the community believing in these memes and not learning from economic history in antiquity and not building the infrastructure outside the states control and forcing the state into diplomacy. Bitcoiners are failed anarchist, they don't know how to politically represent themselves, they aren't wobblies, they aren't like classic leftist who forced these concepts onto the gilded aged imperialist western republics, that forced them to not send kids to work in coalmines for 12 hours a day. We aren't politically commanding.

The banking secrecy act is a extinction level event for crypto. Will bitcoin survive? Of course? But it's going to set us back a decade. It's going to send us back to the stone age. And we are at a *profound* risk of the main chain breaking off and becoming the pseudo banking state corporate nexus geofenced kyced bitcoin with backdoored nodes and backdoored hardware wallets. The statist wont break bitcoin in half, we will. We will out of desperation after they sully it so severely that we have no choice but to hard fork it into a original version that can protect itself against the BSA. You say we won't but we will, when they cripple the global south's access to it, and they cripple the price, you will have your braveheart mercy moment, and the og cypherpunk will kick the bucket and pull the trigger. What has to be done will be done.

Centralized exchanges are completely incompatible with cypherpunk and anarchism and the white paper. We've tolerated CEX for a decade. Not only are governments a threat, but we will be continually crippled by Quadriga CX failures, Cryptopia, and Mount Gox failures. Because of toxic maximalism and toxic attitude towards building the fucking infrastructure to avoid this. The mainstream developers won't do it because they can't make any money. This will be a sacrificial act to build this system, just like Satoshi.

The current DEX system is like the 1960's darpa intranet. That is it. That's why it sucks. It's not the internet of DEX, it's not. And making the internet of DEX is really, really, really fucking hard bleeding edge computer science. If we want global adoption we need an internet, not an intranet. Having the liquidity of DEX divided into intranet is why we continue to rel on CEX. You want to get rid of the CEX, turn the fucking intranet into an internet, into an interchain. Stop relying on companies and ICO's and 1000 tokens for 1000 things, build the actual backbone. Support the developers. Pay your fucking developers. Stop calling everything a scam and everything vaporware. The internet isn't a fucking vaporware scam, so neither is the interchain. Maximalism is ludditism.

Crypto is for the global south, it's for emancipatory politics and independence, for the 99.99%, not the .01%. If you believe otherwise, and want you're "Citadel", Fuck You. Seriously. Read some political economy. Read Ellinor Ostrom, Bestiat, Spooner, Proudhon, etc. Crypto is suppoose to be a public good and a form of open source economy, not a recreation of tyranny, hierarchy, economic centralization, and worse yet just another banker shitcoin debt scam interest rate scam, which is what they are treating it and regulating and profiting off of it as.
submitted by samdane7777 to Bitcoin [link] [comments]

Rise and Fall Part 9

Part 8 (has access to parts 1-7 in it)
For some reason it would not post the last day or so.
It is early 2017. I have been carrying on my usual playing 10-20 hours a week to survive. Still lethargic is best term I suppose. I just dont get excited to play anymore. I consider getting a job to remind me how shitty working is so it gives me a kick in the teeth to play poker. Then it dawns on me, I hate playing poker now.
Poker has been tainted. Everything bad that happened to me I can associate with poker. The rise and fall was poker (the fall part). The oxycontin started as a performance enhancer to log more hours. Everything I consider to be wrong in my life I trace back to poker essentially, even if just a butterfly affect reason that had I done something else I wouldnt be here.
Hating poker is not the greatest realization considering its my only means to income outside of grunt labor. I seek a job in a couple places to no avail which was fine, I didnt wanna do that either.
Several months earlier I had started playing on SWC (bitcoin site) and became familiarized with bitcoin. Thought nothing of it, it was just the currency I was winning or losing. I dont read a thing about it, I learn nothing of it. I wasnt playing a ton or even big stakes, my intention for playing online was to just stay sharp in case it ever comes back full fledge. I have 5-6 btc on this site at the most (2-3k) and I flush it playing plo and big o not thinking much of it.
Back to 2017. Its March/April~ of 2017. I am playing cards one night dicking around probably had a couple drinks and was needling the usuals etc. A guy I do not know is in the game. Looks Russian. I bet he interfered in our election... fucking commies. I dont remember how I got to talking to him but crypto had been brought up. I talk about SWC. Tell him I had a few btc but not anymore. The only other thing I remember well from the conversation was bitching about going from an iphone4 (yes I had an iphone4 from 2010-17, the same one. It barely worked. Many oxycontins snorted off the back of that phone, texts dating back to when I got it in 2010) to the 6 or 7 or wtfever I have now, which is bigger and its harder to text and drive. He just responds by saying “first world problems are the worst”. Amen brother, those Africans and Venezuelans have no clue of our struggle.
I end up talking to him a bit and it turns out he mines crypto. Has a website that sells mining equipment. He has a hell of a back story too. I tell him I am interested in mining. I have about 20k to my name at this time and I realized recently that I dont like playing poker so why not? He eventually tells me not to do it. Regardless we become friends and he is ultimately the most important friend I have ever made. I have made more positive strides mentally since meeting him (mostly work ethic, realizations, reality checks and aspirations) As silly as it sounds, when he told me “first world problems are the worst” it stuck with me. He was saying it as a joke but jokes are funniest when true. He is genuinely the smartest guy I have ever associated with also. If you run into him at a poker table youd think he was a high functioning autist. Then you talk to him and go “ohhh hes just one of those Einstein type geniuses”. His hair is usually a mess, he cuts his own hair for or has his girlfriend do it. He wears cheap clothing usually since it all covers your ass or nipples I suppose. He virtually never instigates conversation with people he doesnt know. He is really deliberate with his actions. Talks really calmly and knows exactly what he is saying. He is just on the same level at all times it seems.
Meeting him has definitely changed my life for the better. We become friends pretty quickly. I know I went on a downer after meeting him because I couldnt afford to buy mining stuff and remember wanting to (again, he told me not to do it eventually anyways).
Which will lead me to another good friend to have. Between 2015 and this point in 2017 I have shot myself in the foot not logging hours a couple times. A friend has bailed me out with a loan or short term stake a few times. He is a well off restaurant owner who loves poker more than just about anything not related to him. Every time I see him we talk about hands he played and he just eats it up, has photographic memory and never butchers a hand history which is nice. He is as good hearted of a guy as I have ever met. (Sorry if this is getting long winded giving praise to people close to me, I intend on sharing with a few people and would like them to know what they mean to me as corny as that is because I suck at doing it in real life. Plus it is kinda gay to get mushy sounding in real life, but I digress. Theyve heard virtually none of the content of this whole thread either, a ton of this stuff I have never shared) In fact he is too kind hearted. He has helped people who wouldnt piss on him if he was on fire, and people have burned him on many occasions. My only complaint about this person is he never kicked my ass and told me to log more hours or fuck off. I needed it. If I just logged hours I wouldnt need the help. Its as simple as that. I have no leaks other than the unwillingness to play (leaks as in drugs/pit games/strippers/wtf ever else) and it has hindered me immensely over the these last couple years. (Ok I do have one embarrassing leak that has been fixed for a year and change, mobile games... I have spent like 30,000$ on mobile games between late 2016 and late 2018, Lords Mobile specifically clocked me for 20k. This definitely hindered my ability to build a roll and got me into a few jams. When youre not logging hours playing youre sitting around gaming and these games arent cheap obviously)
It is around May now and my friend who messes with crypto tells me that Bitcoin is going to 10,000$. Its like 800$ at the time iirc. I own a couple from Ignition cashouts. I kind of trust him. I cant argue him on it as I have literally no mental fortitude on the subject, but I essentially shrug it off. I start watching the price on poloniex and am watching prices jump like crazy. Light bulb in head! I can buy the dips sell the peaks and have more BTC! Lets load the 2.5btc I have onto poloniex! Sell peak but it keeps climbing... “FUCK! gotta get it back before it goes to 10k! Whew. Still have 2.45 BTC. FUCK! Its dropping! Get it out before it goes to zero!”
Yea I turned that 2.5 BTC into .4 BTC. No joke. I think I ended up throwing it onto SWC and losing it once it was almost gone. I honestly forget. I had nothing when it finally hit 20k other than some shit alts worth about 800$ at most (worth 35$ now but they still reside in my locked poloniex account, maybe I will give poloniex my ID if they ever become worth more than 1k)
So I am now annoyed I didnt turn every free dollar I had into BTC. I didnt trust the guy enough and to be fair I would have been using the money I play with. Had I met the guy a year earlier (know what I know of him now) I would probably have just locked it all up and sat around waiting.
I never really get my act together in 2017. I continuously log just enough hours to get by. I just dont care. I just want a way out of this. I catch myself saying “I hate playing poker” and sometime around the end of 17 or early 2018 I start trying to censor myself and quit saying that. Saying it will only make it fester deeper. I have to retrain myself to love poker. I remember the days of playing 18-24 hours straight because I love playing. I love watching for everything I can find to get an edge. I love a situation to present itself where I can step out of line. But now I just sit down and count the minutes before I can tell myself “way to go! You put in an 8 hour shift lets pack it in!” I leave good games often times. I celebrate when games break. This is where I am mentally while I play. I cant break out of it.
Late in 2017 a close friend of mine passes away. Will call him J. He was the guy who gave me a place to stay after the shutdown in Joplin. I was still doing oxy and he never once touched the stuff knowing what has happened to me. He doesnt judge me, he is somewhat of an enabler I suppose. He just drinks does shitty coke sometimes and has a script of adderol and xanax. Literally never once does he do any with me (ive warned him xanax and opiates will kill you if you mix, which is likely part of the reason he never did it) He was a marginal poker player (relative to modern game, he was just good enough to beat the rake live but he had too many pit leaks) and took great pride in being my friend (I was the slayer in the area for years leading up to this, anyone considered the best in their area can relate, you just have the respect of the local poker community). One of my earlier live poker memories involved him. I am like 18 or 19 playing a 1-2 game at a small casino and he was there with a friend. They were the good players in the game at the time. They were having a few drinks eating nice food and laughing having a good time. I remember thinking that I want this lifestyle. Care free gambling fast paced lifestyle. I had told him this story years later and he just ate it up, constantly tried to get me to rebound, but as I have stated many many times in the last few of these I have basically waved my white flag and accepted the result of my fall.
Anyhow after living with him we always talk every few months at minimal and have something to eat when we see each other at the casino. He was somewhat disingenuous sounding he was so nice and honestly it got to a point it started rubbing me the wrong way. I still talk to him of course but less frequently. In December of 2017 I get a phone call from my friend who owns the restaurant and he is distraught. He has been at the hospital and J has passed away. The back story on this is he had gotten a phone call from old friend who was getting out of prison in Arizona with no where to go (a female). J being as nice a guy as he is drives the 20+ hours to get her and gives her a place to stay. Well shes a junky and actually convinces J to do opiates/heroin. He overdoses and dies. I hadnt talked to him in a few months. I regret it. Had I known I would have beaten him senseless and got him to quit before things actually get bad.
Going to his funeral hit me up side the head too. The way I started feeling he was disingenuous just got destroyed. I cant fathom as many people showing up to my funeral with as nice of things to say. I wrote something to say but opt out after a few people say everything I had written (except better). I regret not saying them anyways. I think I still have what I wrote tucked away with the card and his money clip that made its way to me. I stumbled across his casino players card in a box one day and it resides in my wallet ever since. This was the first close friend that has passed away in my life, knock on wood. It woke me up a bit and caused a lot of self reflection because I felt I had let him down. I lived a few miles from him and didnt drop in to see him, didnt stay in contact as well as I should have. All because I felt he was disingenuously nice when he was actually just nice, which is actually because I am a cynical hermit who hates social life these days. That was the real reason I didnt stay closer. Him being too nice was just my excuse to blow him off essentially.
Only other thing I can add is that chick he helped out didnt even go to his funeral and on top of that had tried to take his truck and clean his house out. Junkies are the worst. I was a junky but I proudly say I never robbed anyone or cost anyone anything other than emotional distress, which isnt much of a brag obviously.
2018 starts and I have been decreasing my methadone every week for about 3-4 months now. I am on a low dose. Makes sleeping at night hard (get restless legs and sneezy). So I am having a few drinks any time I am at the casino playing (still just two days a week for the most part) to help get through those late night sessions when its worn off and I feel crummy. I get down to 15mg then 10mg and in March of 2018 I get asked if I wanna work for a week with my crypto friend. His friend is setting up a farm with 500 miners and needs help. I agree. The pay is in excess of the work (in my opinion) at 3k and I have no expenses, but I dont argue obviously. Before we leave town I have to pick up my week of methadone (at 4mg now) and so I do that. I never take any of them, I have the box still. Never opened it. They remain at my apartment as a reminder, the box carrying the 6 doses and a stack of receipts for every 75$ week that I kept in the box, several years worth, at least 9-10k worth of receipts, and that shits CHEAP compared to oxy. So I am finally off of opiates. I take kratom still but its essentially non addictive in comparison. Ill cede that I am reliant on kratom but if it disappeared tomorrow I wouldnt panic, I would be fine.
So I fly to Denver with my friend and meet his friends half brother who was instructed to rent a box truck and the three of us were to drive from Denver to Washington carrying like half a million dollars worth of hardware. Its early March, the roads arent exactly great. Half brother of his friend rents a truck with no middle seat though. Its absolutely miserable. Whoever sat middle was sitting like a fem boy legs closed and knees up high from the drive shaft hump. It was un fucking real how uncomfortable the middle was. So like I stated the roads were not great, we drove on ice for 5-6 hours straight (while my crypto friend did about 30 minutes of it before I decided I value my life and banned him from driving, he was literally doing over 70 on this ice sheet when I checked the gauge. I forget what he said, I will fail to make it sound as good but he said that he is protected and can not die, if we wreck he wont get hurt because of some universe stipulation that protects him. He said we would get hurt but he wouldnt. *** Ok here is what he said.
“quantum immortality. if i die in this universe, my conciousness will shift to others where i am still alive”
He just couldnt assure us ours would.
I end up driving like 18 of the 24 (one shot) hours it took as letting crypto friend drive was out. We make it set up a farm over a couple days then we go to Vegas. Not only do we go to Vegas but we fly a private jet. Not only do we take a private jet but his buddy has all four of us our own room at the Bellagio for 5-6 days. I remember having a 4500$ win at Bellagios 500$ cap 2-5 game... ran pretty salty. I only remember one hand worth bringing up, but I closed action and called 400$ pre with 67o with 3 others all in. Just flop 77X and send me the money. (Was drinking, gamble gamble). I cold called that also, some fish had opened massive and a 300$ stack just ripped a 400$ stack rejammed and I had called out of bb knowing fish will call off his 400~. This is actually a leak I have in poker. I will go over it because it has history.
Dating back to online my biggest leak was playing vs short stacks. Everyones biggest leak obv (6m setting). There were a few min buyers on Carbon and I got to the point I put them in pre every time they opened my bb from button, so long as they opened 75%+ from button or close to it. This has carried with me live, if I can gamble 3-4 ways (4 specifically) I will basically do it any time its 100bb~ or less with about 40% of hands if I can close action safely. I am a bit of a degenerate in this sense. I will flip for 1k if I have 10k to my name. It mostly came as a way to loosen up tables (the flipping blind preflop) at my local casino with players who give action. I am pretty snug in general but I cant refuse a flip when it presents itself and I cant refuse a fun gamble with short stacks.
I spend the month in Vegas during WSOP and run absurdly bad. Lose every big pot I play it seems. Switch to PLO the last half of the month and go a week straight without tripling my buy in up at any point. Just insane. Looking back I play rather poorly in PLO. I have been spoiled with my PLO games back home (which have been dead for about a year) and could get away with playing 50% of hands and no one ever bet big draws or anything not the nuts basically. I didnt adjust at all is what the issue was. Was just a frustrating month.
So I return and take a stake from a friend. I barely play still. Same ole same ole.
The last thing I will cover for this section is an incident late in 2018. One of the girls who is the floor at my local casino takes kratom also, we talk about it a fair amount. She has some 10mg percocets (mini oxycontins essentially) she gives me two of them. I havent had one in several years. I have been off methadone for 6-8 months at the time. I am eager to feel what I felt all those years ago, having no tolerance. So I take them home even though I know I shouldnt.
I get home and take both of them. What transpires is almost depressing. It frustrates me to no end that I realized that I have no desire for these. It affirms that all the money I flushed wasnt about the high, it was about the not withdrawing. I basically stated this in an earlier post but this is the event that I learned this from. I dont even enjoy it. I just sink knowing that I gave my life away for these. I have never recovered thanks to pain killers. Never once after 2011 have I ever looked in the mirror and said “finally, I have finally recovered what I fucked off”.
I am going to finish this thread off on the next post most likely. It will likely be long and take me a while to compose as it will cover my current year, and put a bow on it. The story basically climaxes a couple posts back, these surely have slowly lost their luster but I will finish them anyways. Nothing exciting about hearing about a guy who can beat games but wont sit in the chair to do it. Its a bit more upbeat in 2019 though andd I feel my future is bright and redemption nears though. I dont think I would have written these if not for a change of mentality recently, so look forward to a positive summary next post.
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HOW TO START WITH BITCOIN (OPEN YOUR ELECTRUM WALLET) - WINDOWS MAC LINUX ANDROID

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