Ethereum Classic is an open, decentralized, and permissionless public blockchain, that aims to fulfill the original promise of Ethereum, as a platform where smart contracts are free from third-party interference. ETC prioritizes trust-minimization, network security, and integrity. All network upgrades are non-contentious with the aim to fix critical issues or to add value with newly proposed features; never to create new tokens, or to bail out flawed smart contracts and their interest groups.
Fiat means it shall be/is supposed to be in Latin. Fiat currency all over the world, is printed without any physical commodity backing and is only valuable in terms of its govermental prestige. Which one has a real value? Btc or euro/dollar/yen/yuan/sterling etc...? /r/Bitcoin
If I bought even just one bitcoin back in 2015 for 500 euro I wouldn’t be in so much debt today. If I buy a bitcoin now I’m only going to earn 10 euro per month for the next five years. I just want to die so bad. So bad. Someone please kill me.
If you remember the Cyprus bail-in, or the collapse of the economy in 2008 due to US Banking collapses, This one should be "Good for Bitcoin".. And if you have Euros, perhaps hedge them into something safe... Gold, Bitcoins, etc..
A complete list of everything our PMC has to do in Tarkov
Have you ever wondered the insane amount of suffering our PMC has to endure to complete every quest in the game and have the Hideout maxed out? Well, wonder no longer, because I've done the math. Disclaimer: Long post ahead. I've used guides, data and analysis by other content creators, like Pestily, Europino and Questalace, as well as the all-mighty Tarkov Wiki to make this list. The resulting data should reflect the almost-perfect 100% Tarkov Speedrun starting with a Standard Account at the end of 12.7. I don't know if this has been done before, so cut me some slack for any inconsistencies, as I did this for fun. Killing: The PMCs character arc will take our poor USECs and BEARs from battle-tested veterans to blood-thirsty killing machines the likes of Atila, with an indescribable amount of mental and physical trauma. This is all on the traders, who force us to commit genocide just to gain a standing with them. Here is the ranking:
Mechanic: He just wants to farm bitcoins and assemble weapons in peace. He is responsible for the lowest bodycount of all the traders, at 0 Scavs and 12 PMCs /12 total
Therapist: In a OSHA-violating effort to overwork the hospital's mortician, this twisted practitioner will make us take the lives of 45 Scavs and 0 PMCs /45 total
Skier: Turns out the most notorious mobster of the Tarkov underworld isn't as bad as we all imagined. His quests will grant him a seat at the Hague, nontheless, after ordering the execution of 20 Scavs and 40 PMCs /60 total
Peacekeeper: There is no better way of keeping peace than eliminating all the warring factions I guess. This war criminal will taint the UNTAR reputation for decades, after demanding the scalps of 75 Scavs and 0 PMCs /75 total
Ragman: This American-psycho wannabe deserves life without parole at Russia's most dangerous prison. 125 Scavs and 0 PMCs weight on his conscience / 125 total
Jaeger: It seems the Huntsman Path leads to a mass grave. This old man wants organic compost for his garden, so he demands the corpses of 116 Scavs and 32 PMCs to be laid on his doorstep / 148 total
Prapor: The Russian military hasn't had such a prolific enemy combatant-squanching commander since Georgy Zhukov. 107 Scavs and 82 PMCs. Dozens upon dozens of unmarked graves will litter the wasteland of Tarkov / 189 total
This totals to a staggering 488 Scavs and 166 PMCs.654 mothers will mourn the deaths of their sons, as you long surpass Simo Häyhä as the most effective soldier in recorded history. Use, place, find in raid or deliver: Apart from sustaining irreparable psychological damage as the bringer of so much death, your PMC is also expected to retrieve a back-breaking amount of loot for his Hideout and the 7 Traders of the Apocalypse. From life-saving devices to mere cigarettes, your PMC will have to.
Deliver 12 special items (the bronze pocket watch, gilded zibbo lighter...)
Deliver 27 secure cases, books, letters and the likes
Place 71 GPS markers, WIFI cameras, Jammers and Multitools
Find 47 different locations
Collect 66 medical or food items
Collect 49 clothing items and armor pieces
Deliver 55 weapons
Deliver 21 dogtags
Deliver and Collect a truckload of loose loot, with an ever-expanding shopping list of 652 items
Pay 13,867,000 roubles, 27,500 dollars and 215,000 euros of full-on extortion
Skills: After all this Devil wears Prada reenactment, your PMC is faced with a Sisyphus-like destiny. You need to improve your skills until you get to Health level 9, Stress Resistance level 6, Sniper level 9, Memory level 8, Searching level 9, Charisma level 10, Vitality level 5, Endurance level 2, Attention level 3, Metabolism level 3 and Strength level 2. Some of this skills improve others, so let's start by the independent ones and asume you can completely avoid the deminishing returns mechanic.
Metabolism: You can gain around 3 skill points for a complete dehydration-hydration cycle: 100-0-100. The fastest way to achieve this is to gulp down 20 full jars of mayonnaise, that would be 10Kg of mayo, followed by 20 litres of water.
Sniper: To please your quest-giving overlords, your PMC will have to topload over 4,500 rounds on a sniper rifle. That would be over 100kg of LPS Gzh ammo, at a 401k-destroying price of 1,280,00 roubles in the flea market.
Memory, Search, Charisma and Attention: This 4 skills improve at the same time, by searching bodies and looting containers. As far as I know, you can actively get points in all of them except for Memory, that derives the XP points from the other 3. Long story short, with an average of 0.1 skill points per object found and looted, and 550 total points to get, your PMC will have to loot everything that is not bolted to the floor, ransack and leave stripped clean over 5.500 containers and bodies. A one-man locust plague.
Endurance: You gain XP for sprinting while not-overencumbered. Based on the data I checked, you need to run for roughly 30km. Usain Bolt ran at 44km/h, so let's asume our battle-hardened PMC can run at a 30km/h max for the sake of simplicity. That means an hour of non-stop full-sprint.
Stress Resistance: The fastest way to increase this skill is by receiving damage, and the most consistent way of receiving damage is by placing yourself over a fire, like the ones on Shoreline. At roughly 3 skill points every 30 seconds of flame-induced agony, and a goal of 210 points, you will need to withstand this torture for 34 minutes like a rotisserie chicken. Nothing will stress you after that!
Strength: The most common way of leveling this skill is by walking while overweight. With 0.1 skill points every 23 seconds, with no FP-100 filter and 50kg of shotgun shells in your backpack, this would take 1:55 hours of non-stop walking. Asuming the normal human walks at a 5km/h pace, that means our PMC has to walk the knee-shattering distance of 10km while carrying around 60% of their bodyweight.
Vitality: The most horrendous of them all. To increase vitality you need to suffer, scream and bleed. The most viable way to increase your Vitality is by crawling through barbed wire. This atrocity of a device makes around 10 damage per second. You level 1 point for every 100 points of damage taken. As we are aiming to get 150 points of XP, we will need to fillet ourselves for 1,500 seconds. That's 25 minutes of torture. At a crawling speed of 2km/h, that means our PMC will have to drag his balls over more than 800 meters of barbed wire.
Health: The 3 previous skills give 25% of their XP to this one, so by leveling all of them to their respective threshold, we would be sitting at around 50 Health skill points. As throwing 10 grenades gives us 0.5 skill points, and we are aiming for 500 skill points, we would need to throw over 10,000 nades. That's 76,000,000 roubles in Zarya stun grenades alone.
And that's it. You want to escape Tarkov? Pay the toll! Edit: Some pesky typos Edit 2: Fixed the results of the Vitality skill, thanks to Erkeric for the correction
I help a friend from Iran get his salary with Bitcoin and it feels awesome
I'm hodling Bitcoin for a some time now, but never really used it too much, but lately I have an occasion to use and see with my own use the empowering power of Bitcoin. I was hitchhiking in Iran last year and made a really good friend there. We quickly became really good friends, and he especially impressed me with his ambition and diligence. He's one of the most hardworking guys I've met, being the head of the family while being only 25 years old (he, his sister and mother had to leave their father, so he's the main income source in the family). To provide for the family he did more than 30 types of job (I'm not shitting you), he was a teacher, saleseman, he had his own ecommerce, a mechanic, many more! He's biggest dream is to leave Iran, since there's no future there. He self-taught himself some programming skills (don't know which languages) and managed to get paid internship in Italian IT company. But he had a problem that he couldn't open an Euro account so they were not able to send him his salary. That's when I came up with an idea of transferring his salary to Bitcoin, which he can easily change to Iranian Rial. I introduced him to the idea of Bitcoin, explained how the whole process look like and here we go - that's what we do for 2 months already! I receive the euro transfer from his company, sell it to Bitcoin, and he receives it the same day. Bitcoin is the reason he has access to his well deserved money. Many of us have friends in the areas of the world touched by financial marginalization. Some of them may not be aware that there's a way for their financial freedom. Ask them if they don't need help and tell them what you personally can do to help (if there's mutual trust among you of course). Don't ever forget that Bitcoin is not (only) about ATHs and profits.
Is this the last decade of cash? The corona pandemic is not helping. Belgian media is picking up the Australian news about the coronavirus found active 28 days on banknotes, without understanding that the 28 days is on the Australian polymer and paper banknotes, while Euro banknotes are made of cotton fibers on which the coronavirus gets inactive rather quick. https://medicalxpress.com/news/2020-04-euro-banknotes-safe-coronavirus-ecb.html You are touching so much in shops, including the pay terminals everyone is touching, that cash won't add much risk. Until this year, I used to not care, and pay everything electronically. But in March I became the victim of an identity theft. My bank account was frozen, my bank cards and payment app blocked. Opening new bank accounts or credit cards was impossible due to being on a blacklist. My employer could not pay my salary in cash. For most professions this is forbidden by law since 2016. Friends lent me cash. But I discovered cash was refused at supermarkets, shops, public transport, parkings, fuel stations, hospital, physiotherapist, online webshops, Uber, Deliveroo, etc. Sometimes because of corona anxiety, but often already from before 2020. Prepaid cards could be a nice solution. But even while they are debit cards, in Belgium they seem to be refused where credit cards are refused, since they are Visa or Mastercards cards. These are refused in many Belgium places, since merchants don't like the higher costs. Not many prepaid cards allow charging with cash. And their availability is in recent decline: this year at least the following prepaid cards stopped or are announced to stop: Carrefour prepaid Flex card, BNP and Hello. The decline might be due to new very strict EU anti-money laundering laws. The anonymous prepaid cards (and generic gift cards) are now restricted to 100 euro maximum recharge in their lifetime and 50 euro payments. Cryptocurrencies are also in theory a nice solution. But their acceptance in Belgium is extremely limited. Thanks to Takeaway accepting bitcoin, I could order delivery from many local snack restaurants. But I discovered that bitcoin and most other cryptocurrencies, while having an "anonymous" reputation, are actually only pseudonymous and extremely open and transparent: for every transaction the origin address, destination address, amount and timestamp are recorded for eternity in a public ledger for everyone open to consult. When I buy something, the merchant can see how many coins I have in my wallet address. Buying, spending or selling coins are activities that can get your name connected to your addresses. Developers try to solve this privacy issue, but I'm afraid the war on anonymity (related to the war on cash) will crush that before cryptocurrency payments become popular. So, my identity theft experience has awakened me: sharing your personal details in so many places caries a lot of danger. Think about it: while the law became more strict, there are still many (online) shops and restaurants taking knowledge of your credit card number, expiry date, CCV and your name. That's still enough information to do fraudulent payments in many places. The cashless society is a surveillance society, with every payment traced. And it creates a lot of dependencies: electricity, internet, and permission by the banking and payment system. Once you are on a blacklist, even if you did nothing wrong, but somebody pretended to be you and did fraudulent payments, you are screwed for at least months. So, now that I'm finally off the blacklist, I opened several bank accounts. That will not help for all issues, but still: having only 1 bank is really dangerous. And from now on I pay everything possible with cash. Not just to keep my personal details safe, but also to keep the cash usage statistics high. Did you notice that the financial sector is regulary reporting the cash withdrawals decline? They report both the total amount withdrawn and the number of withdrawals. I learned that the bank and payment processors are fighting a war on cash and they are actively lobbying the government for a reduction of the cash payment limit to 50 euro. Yes, an insane fifty euro! The banks are lazy about cash and want to impose negative rent without risking a bankrun. No cash is no bankrun. The payment processors just love the percentage they get from every payment. Currently the acceptance of euro banknotes and coins for debts is compulsory by European law. But many merchants violated the law and we had at least one Belgian minister ignoring the enforcement. See e.g. this article from 2019: https://www.bruzz.be/samenleving/no-cash-doet-intrede-brusselse-horeca-2019-05-10. The law has exceptions, e.g. for security reasons such as a pandemic. After the pandemic I will try to report all cash refusing merchants. Merchants that refuse to accept cash payments can be reported at https://meldpunt.belgie.be or https://pointdecontact.belgique.be/. But I guess it is better to wait until after the pandemic. We need to defend the right to use cash. And a crucial action to avoid the end of cash is to keep using it as much as possible. Every time you pay with a bank card or app, you contribute to a cashless future where:
banks, payment processors and government have total control over your finances (see protestors in Hong Kong preferring cash payments).
every financial transaction is monitored and logged forever.
your financial data will be used to calculate your social credit (already happening in China, that is eager to export that concept and technology).
every payment can be blocked (already happening with webcam sex workers).
personae non gratae can be totally financially blocked.
tourists have a hard time paying. E.g. in China, most payments, including toilets, need to be done with the WeChat app, but without Chinese bankaccount it's hard to enable WeChat payments.
you are in trouble when electricity, networks or payment systems go down.
banks can easily charge negative rent because you can't withdraw your money.
when banks or governments are in need of money, they easily take a percentage of your money (like they did in Cyprus with the bank deposits above 100000 euro, and as they initially wanted to do under 100000 euro too).
people spend more, up to the level financial mismanagement, because cashless payments disconnect the pleasure of buying from the pain of paying. Studies show that psychological effect already. See e.g. "consumers are more likely to buy unhealthy food products when they pay by credit card than when they pay in cash." in https://academic.oup.com/jcarticle-abstract/38/1/126/1798815
homeless people and charities are less able to get donations. Experiments and data are showing the effect already now people are carrying less cash.
Nine Countries That Don’t Tax Bitcoin Gains- time to move
Tax liability is a major source of concern for anyone invested in Bitcoin and other digital assets. In sum, some have described it as nothing short of a nightmare. But while some countries are putting pressure on investors and levying taxes on income and capital gains from Bitcoin transactions, many are taking a different approach—often with the aim of promoting better adoption and innovation within the crypto industry. They’ve implemented friendlier legislation, and allow investors to buy, sell, or hold digital assets with no tax liability. Here’s our list of the nine most crypto-friendly tax jurisdictions. ———————
Belarus is taking an experimental approach to cryptocurrencies. In March 2018, a new law legalized cryptocurrency activities in the East European state, exempting individuals and businesses involved in them from taxes until 2023 (when it will come up for review.) Under the law, mining and investing in cryptocurrencies are deemed personal investments, and so exempt from income tax and capital gains. The liberal laws aim to boost the development of a digital economy, and technological innovation. The country was recently ranked third in Eastern Europe and 19th globally in levels of P2P crypto trading.
Germany offers a unique take on taxing digital currencies such as Bitcoin. Unlike most other states, Europe’s biggest economy regards Bitcoin as private money, as opposed to a currency, commodity, or stock. For German residents, any cryptocurrency held for over a year is tax-exempt, regardless of the amount. If the assets are held for less than a year, capital gains tax doesn’t accrue on a sale, as long as the amount does not exceed 600 euros ($692). However, for businesses it’s a different matter; a startup incorporated in Germany still needs to pay corporate income taxes on cryptocurrency gains, just as it would with any other asset.
Hong Kong 🇭🇰
Hong Kong’s tax legislation on cryptocurrencies is a broad brush affair, even after new guidance was issued earlier this year. Essentially, whether cryptocurrencies are taxed or not depends on their use, according to Henri Arslanian, a global crypto leader at PwC. “If digital assets are bought for long-term investment purposes, any profits from disposal would not be chargeable to profits tax,” he wrote in March when the directive was introduced. But he added that this doesn’t apply to corporations—their Hong-Kong sourced profits from cryptocurrency business activities are taxable.
In Malaysia, cryptocurrency transactions are currently tax-free, and cryptocurrencies don’t qualify for capital gains tax, because digital currencies are not considered assets or legal tender by the authorities. But the law is currently fluid; it only applies to individual taxpayers, and businesses involved in cryptocurrency are subject to Malaysian income tax. And things may soon change. Mohamad Fauzi Saat, director of Malaysia’s tax department said in 2018 that Malaysia was committed to working towards issuing comprehensive guidelines on the tax treatment of cryptocurrency by the end of 2020.
The government of the so-called “Blockchain Island” recognizes Bitcoin “as a unit of account, medium of exchange, or a store of value.” Malta doesn’t apply capital gains tax to long-held digital currencies like Bitcoin, but crypto trades are considered similar to day trading in stocks or shares, and attract business income tax at the rate of 35%. However, this can be mitigated to between five percent and zero, through “structuring options” available under the Maltese system. Malta’s fiscal guidelines, published in 2018, also discriminate between Bitcoin and so-called “financial tokens,” equivalent to dividends, interest or premiums. The latter are treated as income and taxed at the applicable rate.
Portugal has one of the most crypto-friendly tax regimes in the world. Proceeds from the sale of cryptocurrencies by individuals have been tax-exempt since 2018, and cryptocurrency trading is not considered investment income (which is normally subject to a 28% tax rate.) However, businesses that accept digital currencies as payment for goods and services are liable to income tax.
Capital gains tax does not exist in Singapore, so neither individuals nor corporations holding cryptocurrency are liable. But companies based in Singapore are liable to income tax, if their core business is cryptocurrency trading, or if they accept cryptocurrency as payment. The authorities consider payment tokens such as Bitcoin to be “intangible property” rather than legal tender, and payment in the cryptocurrency constitutes a “barter trade” where the goods and services are taxed, but not the payment token itself.
Slovenia is another country that treats individuals and businesses separately under its cryptocurrency tax system. No capital gains tax is levied on individuals when they sell Bitcoin, and gains are not considered income. However, companies that receive payment in cryptocurrencies, or through mining, are required to pay tax at the corporate rate. Notably, the Mediterranean country doesn’t permit business operations in cryptocurrency alone (such as only accepting Bitcoin as payment.)
It’s no surprise that Switzerland, home to the innovation hub known as “Crypto Valley”, has one of the most forward-thinking tax policies too. Cryptocurrency profits made by a qualified individual through investing and trading are treated as tax-exempt capital gains. For the complete link to the written article - click here Edit: hey thanks for the award, that was so awesome. Have a nice day everyone.
Usually, bull markets attract a lot of new investors - although speculators should be the right word here - and as usual, a lot of them are going to be crushed a way or another. First, before putting a single dollar, euro or whatever in the market, you should read a lot to know exactly what you're looking for. Are you here for the tech and/or the cypherpunk ethos ? Great, there's lot of resources out there (my links are cleaned but as always, do your due diligence) :
The Bitcoin Whitepaper, the one and only : bitcoin.org/bitcoin.pdf Since I'm linking to bitcoin.org, friendly reminder to avoid bitcoin.com, owned by a former supporter now con-artist Roger Ver.
Andreas Antonopoulos website : https://aantonop.com Andreas is one of best guys able to educate on bitcoin and its properties, for free, which helps.
Jameson Lopp website : lopp.net Jameson is a member of Bitcoin Core, cypherpunk, also able to educate a lot. His website is full of free resources and other links. You'll have a lot to read.
Hal Finney : he's unfortunately dead but I would advise to read about Hal Finney, the first to receive bitcoin Satoshi. A great cryptographer, the inventor of the first reusable PoW and one of the first bitcoin supporters. You'll be able to find his messages on this old forum Bitcoin Talk, by the way you'll be able to find the first chats about bitcoin on this forum bitcointalk.org
Monero website : getmonero.org Yep, I know it's gonna be controversial to post an altcoin link but personally, I think that Monero (aka XMR) is the only other coin with a big cypherpunk community, decentralized, and able to help newcomers with a great sense of responsibility, since the ethos here is to save privacy.
What Bitcoin Did : of course, Peter is controversial but I love him and I find his former blog and his podcasts very needed because he doesn't oversell himself. Pete knows that he's not a tech guy (like many of us) and just wants to spread the word, I think he does a good job with this.
Now, you've read and you want to put some skin in the game. Several exchanges are acceptable, a lot of aren't, be careful and assume that none really are (know that I won't post any ref links) :
to me, the best, although it's UI is quite old : Kraken €/$/pound/swiss franc on-off ramp
Coinbase and Coinbase Pro Difficult not to mention Coinbase, although I can't stand Brian Armstrong and the way they are doing their best to support scams currently. You should rather use Coinbase Pro if you have to since the fees are much lower.
Binance Binance came later than the previous ones but has managed to take most of the market. Now, you should remember what I said about being careful.
Huobi The biggest chinese exchange and they work closely with chinese official. Again, careful.
Bittrex Once at the top, now somewhere in the limbs.
A lot of new comers came recently like btse, ftx, feel free to try them while always keeping in mind that once your money is on exchanges, it's not yours anymore.
This was for centralized exchanges aka CEX. Talking about custodial, you'll need wallets to store your (bit)coins. Always try to use non-custodial wallets, which means wallets that give you your private keys. This way, if the software goes down, you can always retreive your money. Now, I won't link to all the existing wallets but will advise you to buy hardware wallets (trezor or ledger but there are others) or to create (on off-gap computers) paper wallets you're able to store safely (against all risks, not only robbery but housefire). You also could use your memory with brain wallets but, my gosh, I wouldn't trust myself. For Bitcoin (or even Litecoin), Electrum software can do a good job (but save your keys). AGAIN, DON'T KEEP YOUR SAVINGS ON AN EXCHANGE Now, about trading : it's been repeated and repeated but don't chase pumps and altcoins. Yep, it's probably the fastest way to make money. It's also the fastest to lose it. I won't lie : I made good money during the 2017-bullrun and I took profits but I also forgot to sell some shitcoins thinking it would keep going up, now I'm still holding these bags (although I don't really care). I know that a lot forgot to take profits. Take profits, always take profits, whatever your strategy is. Don't fall for people trying to sell you their bags, for ICOs trying to sell you a product which isn't released yet and obviously, don't fall for people asking for your private key. Also, know that there's two endgames : accumulating bitcoin or fiat. I'm rather in the first team but whatever your strategy is, take profits. (Yes, I know, some will say accumulating ethereum or something else). It's true that a lot of ethereum holders made a lot of money during the last bullrun (ethereum helped me make money too) but I'm really biased in favor of bitcoin (and monero). So, pick your coin but again, do your due diligence. A lot of people here or there will talk about the best tech, the fact that bitcoin is old and slow. I would need another post to go further on this point but know that a lof of air flight systems are old too but reliable. Trustless and reliable is the point here. This is the post from someone who bought bitcoin seven or six years ago, who lost part of them, who spent part of them (but don't regret this at all), who is still learning and I hope it will help others, although it would need a book to be complete.
I learned a lot reading about Bitcoin and gold, but i was wondering if there is a guarantee that the US Dollar will collapse in value? If not, what prevents it from not going down? I know it is the reserve currency of the world but printing more USD doesn't automatically mean there will be high numbers of inflation (or perhaps hyperinflation)? What is the difference in regards to the recent tragic events in Turkey, Libanon, Argentine, Venezuela, etc.? Is it all because of money printing that these currencies lost all of their purchasing power? It looks as if other countries will follow? I find this very interesting but I still can't see the full big picture. Any good sources to keep learning about all this? Do you guys believe the Euro and Dollar one day will completely dissapear? If they go to a digital Euro/Dollar .. How will that be different from the cash we are using right now? Do you think the Euro will get the same faith as the USD? I keep reading about money printing in the USA but I hardly read anything about Europe (I live in Europe btw). I invested a lot of my money into Bitcoin. It's actually the only asset I currently bought as an investment. I am thinking about buying stocks (particularly index funds) since every money book I read recommends this and i also want to diversify a little for if BTC would fail. Now I'm wondering in which index fund I should invest .. I particularly wonder if America will remain the most powerful capitalist country or if China will take over in the next 50 years .. That's the only thing preventing me from investing in stocks. I don't know what to invest in and especially since now all stocks are so high priced .. I know this is kind of a ramble but I would love to gain new perspectives from everybody. Thanks for all the insights!
Get €15 from Bitwala for opening an account (no deposit needed!)
Bitwala, a German bank account with integrated crypto services, is now offering €15 if you open an account with them, simply sign up and create a bitcoin wallet, no deposit needed! If you're looking to do some of the money transfer offers on this sub and need a Euro account, Bitwala is perfect as gives you a German IBAN for free. Steps:
Finish the registration and verify your identity. This is a short video call for which I'd recommend preparing your passport and a printed proof of address (e.g. a bank statement). If no-one picks up for more than a few mins, hang up & try again.
Create a bitcoin wallet in your account.
€15 will be credited to your account in about a week (though they say it can take up to 15 business days). You'll get an email when this happens and you'll then be able to withdraw the bonus.
Celsius Network is an app for earning interest on your cryptocurrencies up to 12%. You can also get around 8% interest on stablecoins. They are definitely legit, I and many others here already successfully completed this offer. If you sign up using a referral link they now offer $20 free in BTC after you deposit the equivalent of $200 in cryptocurrencies on the app. Tip: buy the (stable)coins through theCrypto.com app(no fees when paying by card!) Steps:
Deposit cryptocurrency (at least $200 to trigger the $20 bonus) I recommend depositing a stablecoin like USDC or TGBP if you want no risk of the crypto going down in value. Note: deposit in one transaction, otherwise the bonuses will not be triggered.
After 30 days the $20 bonus will be unlocked and you can withdraw your deposit and the bonus. On top you will also get the interest :) Do not withdraw anything before the 30 day period is over, otherwise the bonus will be cancelled.
Let me know if you have any questions! I have succesfully withdrawn money from the app, PM me if you want more details :) Extra info:
Although it is possible to buy some cryptocurrencies through the Celsius app, the fees for this are quite high and they don't offer the option to buy stablecoins, so I wouldn't recommend it. So my advice is to buy some stablecoins at the Crypto.com app, since they have no fees for purchases with a credit/debit card. They offer TGBP, USDC and other stablecoins and the process is quite easy through their app. Otherwise you could also use Coinbase or Bitpanda for example.
After you buy the stablecoins at one of the platforms mentioned above, you have to send it to your Celsius account. To send the stablecoins to Celsius, you need to get the deposit address for that specific coin in your Celsius app. You copy this address and enter it as the address to withdraw to in the platform where you bought the stablecoin, like the Crypto.com app. Transfers like this can take some time, but you'll see it appear in your Celsius app within an hour. The fee to withdraw TGBP/USDC from Crypto.com has been increased unfortunately, it's now 2 TGBP / 3 USDC.
When the bonuses are unlocked at Celsius (30 days after your deposit), you can withdraw your stablecoin that you deposited back to Crypto.com or another platform to convert it back to dollars/euros/pounds. The bonus is paid out in Bitcoin, so you'll have to do a seperate transfer for that. After they arrive in your Crypto.com app, you can convert both the bonus BTC and the stablecoin back to dollars/euros/pounds. You can withdraw them then to your bank account without any fees.
The Guardian, 21 March, 2016http://www.theguardian.com/money/commentisfree/2016/ma21/fear-cashless-world-contactless?CMP=fb_gu The health food chain "Tossed" has just opened the UK's first cashless cafe. It's another step towards the death of cash. This is nothing new. Money is tech. The casting of coins made shells, whales' teeth and other such primitive forms of money redundant. The printing press did the same for precious metals: we started using paper notes instead. Electronic banking put paid to the cheque. Contactless payment is now doing the same to cash, which is becoming less and less convenient. In the marketplace convenience usually wins. That's fine as long as people are making this choice freely. What concerns me is the unofficial war on cash that is going on, from the suspicion with which you are treated if you ever use large sums of cash to the campaign in Europe to decommission the 500-Euro note. I'm not sure the consequences have been properly considered. We already live in a world that is, as far as the distribution of wealth is concerned, about as unequal as it gets. It may even be as unequal as it's ever been. My worry is that a cashless society may exacerbate inequality even further. It will hand yet more power to the financial sector in that banks and related fintech companies will oversee all transactions. The crash of 2008 showed that, when push comes to shove, banks have already been exempted from the very effective regulation that is bankruptcy -- one by which the rest of us must all operate. Do we want this sector to have yet more power and influence? In a world without cash, every payment you make will be traceable. Do you want governments (which are not always benevolent), banks or payment processors to have potential access to that information? The power this would hand them is enormous and the potential scope for Orwellian levels of surveillance is terrifying. Cash, on the other hand, empowers its users. It enables them to buy and sell, and store their wealth, without being dependent on anyone else. They can stay outside the financial system, if so desired. There are many reasons, both moral and practical, to want this. In 2008 many rushed to take their money out of the banks. If the financial system really was as close to breaking point as we are told it was, then such actions are quite justified. When Cyprus's banks teetered on the cliff of financial disaster in 2011, we saw bail-ins. Ordinary people's money in deposit accounts was sequestered to bail out the system. If your life savings were threatened with confiscation to bail out a corporation you considered profligate, I imagine you too would rush to withdraw them. We have seen similar panics in Greece and, to a lesser extent, across southern Europe. Mervyn King, the former governor of the Bank of England, recently declared that banking was not fixed and that we would see financial panic again. In Japan, the central bank has imposed negative rates and you are charged by banks to store money. This is to try and goad people into spending, rather than saving. So much cash has been withdrawn from banks that there are now reports that the country has sold out of safes. These are all quite legitimate reasons to want to exit the system. I'm not saying we should all take our money out of the bank, but that we should all have the option to. Cash gives you that option. Why remove it? It's our money. Not the banks'. The telephone teaches us a useful lesson. At its peak in 2008, there were 1.3bn landlines for a global population close to 7 billion. Today more than 6 billion people have a mobile phone -- more than have access to a toilet, according to a UN study. Many assume that the mobile succeeded where the landline failed, because the superior technology made widespread coverage more possible. There is something to that. But the main reason, simply, is that, to get a landline, you need a bank account and credit. About half of the world's population is 'unbanked', without access to the basic financial services you need. Telecom companies saw no potential custom, the infrastructure was never built and many were left with fewer possibilities to communicate. But a mobile phone and its airtime you can buy with cash. You don't need to be banked. Almost anyone can get a mobile -- and they have. The financial system was actually a barrier to progress for the world's poor, while cash was a facilitator for them. Six billion people around the world will have a smartphone by 2020. They will have pretty much everything they need to participate in e-commerce -- internet access, basically -- except the financial inclusion. Which is why there will be a huge role to play in the future for new forms of digital cash -- from Kenya's M-Pesa to bitcoin -- money you can use even if you are not financially included. Cash has its uses for small transactions -- a chocolate bar, a newspaper, a pint of milk -- which, in the UK, are still uneconomic to process by other means. It will always be the fastest and most direct form of payment there is. I like to tip waiters, for example, in cash, knowing they will receive that money, without it being siphoned off by some unscrupulous employer. I also like to shop in markets, where I can buy directly from the producer knowing they will receive the money, without middle men shaving off their percentages. It also has its uses for private transactions, for which there are many possible reasons, and by no means all of them illegal. Small businesses starting out need the cash economy. Poor people need the cash economy. The war on cash is a war on them. If you listen to the scaremongering, you'd start to think that all cash users are either criminals, tax evaders or terrorists. Sure, some use cash to evade tax, but it's paltry compared to the tax avoidance schemes Google and Facebook have employed. Google doesn't use cash to avoid tax. It's all done via legislative means. Cash means total financial inclusion, a luxury the better-off take for granted. Without financial inclusion -- and there will always be some who, for whatever reason, won't have it -- you are trapped in poverty. So beware the war on cash.
Lition - $8 Million Dollar Market Cap With Real Use Right Now and a New Product They Are Developing Which Has Huge Potential.
I’m not usually one to shill my own coins but I’ve stolen a few good picks from this sub so I thought I’d share a new one I recently stumbled upon. Before I go into more details, I’d like to preface this by saying that I never invest in anything which I don’t think has the fundamentals to last at least 5-10 years and I don’t think this is a project which you will see a few hundred percent gains in a month or two. The hype isn’t there with this project and it’s more of a mid-long term play. If you want overnight gains, gamble on some of the smaller caps posted in this sub which are more like ponzi schemes riding on DeFi hype which you sell to a greater fool.
Lition is a layer 2 blockchain infrastructure on top of Ethereum that enables commercial usage of dApps. The Lition protocol complements the Ethereum mainchain by adding features such as privacy, scalability and deletability for GDPR compliance. Everybody can choose to build on Lition without the need for permission.
In addition to the above, they also have a P2P energy trading platform currently operating and is supplying green power to customers in over 1000 towns and cities across Germany. Through their power platform, Lition customers are able to save about 20% on their monthly energy bill, while producers generate up to 30% higher profits since they are cutting out the middle men. However, the real moonshot here is not their already successful smart energy platform (which utilises the same token) it is the enterprise layer 2 solution described in the quote above. Their layer 2 enterprise infrastructure which is still in development will offer infinite scalability through sidechains and nodes staking LIT tokens on these sidechains. Block times will be fast at around 3 seconds and fees will be tiny fractions of a cent. However, the real selling point for enterprises will be that the data on these sidechains can be deleted and can be public or private, with private chains being validated via Zero-Knowledge proofs to verify that the private data is correct. This is huge and makes Lition a solution for a wide range of enterprise use cases due to these optional features. But it doesn’t stop there. Lition is also GDPR compliant - a big deal for Europe based enterprises and for the record, very very few blockchain solutions are GDPR compliant (I believe VeChain is one of the few other projects which are).
Important Bullet Points
They have a very close partnership with SAP who if you don’t know are the world’s leading business software company. SAP’s Chief Innovation Officer is even an advisor for the project. As stated in the whitepaper: ”SAP can easily implement this blockchain into their existing products and services for their customer base of >400,000, making them immediately ready for blockchain use cases. It is therefore well positioned to become the standard mainnet for business applications.”
They have a partnership with Microsoft and they are integrated with Microsoft Azure Cloud.
In terms of their energy platform, Lition has a growth target of 235,000 customers by the end of 2022. 3 months ago they stated that they were ahead of their goal. Right now there is a ”solid 4-figured number of new customers every month with each new customer bringing in ~€1,000 Euros in annual recurring revenue”.
Oh, and did I mention they support staking? Staking returns are currently over 15% for node operators.
Their token has two primary uses. First, it is a utility token and they plan on making the LIT token the preferred payment method for all of the services on the Lition protocol. Secondly, it is used as collateral for staking which I can see locking up a large proportion of the supply in the future. Unfortunately the circulating supply is currently 50% of the max supply but that said, coins like LINK have just 35% of the total tokens currently circulating, so relative to other projects, this isn’t too bad and many of the tokens are still to be earned by staking.
With their existing energy platform seeing real adoption and steady growth in Germany, in my opinion, this alone would be enough to justify their current market cap. However, I can see their second layer solution for enterprise being a really big deal in the future as protocol coins tend to accrue more value than utility tokens. As a versatile L2 solution for Ethereum, LIT gets the best of both worlds - adoption and network effects from Ethereum by helping it to scale as well as accruing value from the wide range of enterprise use cases which can be built on top of Lition. At just $8 million dollars in market cap, it seems to me that their work-in-progress L2 enterprise solution has not been priced in. However, due to a lack of hype and marketing right now, I don’t see LIT exploding in the short term. Rather, I can see it slowly outperforming ETH and climbing up the CMC rankings throughout this bullrun, much like Chainlink did in the bear market. Their building and partnerships over marketing strategy also reminds me when I held Chainlink back in 2018 when Sergey was busy building out the project rather than blowing their ICO money on marketing a bunch of vaporware like so many other projects. Personally, I can see LIT becoming a top 100 project (not top 10) as it isn’t the first of an important new type of project like Chainlink was/is but it is an L2 protocol with unique advantages and selling points over other existing L2 projects which scatter the top 20-200 range. This would put the market cap at just under $120 million dollars which is a 15x from here. This is of course a valuation which assumes that the total crypto market cap remains where it is right now at just under $400 billion dollars. However, if BTC makes it to 100K and Ethereum gets to $5K then that is another 10x from here which compounds on any LIT/BTC or LIT/ETH ratio gains. In this scenario, a top 100 project would be worth around $1BILLION DOLLARS by market cap which is over 100x from here and probably even more if ETH hits 10K and Bitcoin dominance falls back down to the 30% range or below towards the end of the bullrun. Disclaimer, the above figures are a theoretical best case scenario and are far from financial advice. They are my moonshot estimates which assumes all goes well for the project and the wider crypto space. Website: https://www.lition.io/ CoinGecko: https://www.coingecko.com/en/coins/lition Medium: https://medium.com/lition-blog
TL;DR: LIT has current real world use which is consistently growing with their P2P energy trading platform and has huge potential with their new L2 protocol for enterprise due to its unique features. They have a close partnership with SAP and are also partnered with Microsoft. Currently around #400 on CMC, my target is for LIT to be top 100 by the end of the bullrun. Edit: Sorry 4chan, I didn't mean to shill one of your FUDed coins. Lit is a shitcoin scam, ignore this post.
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