Explain Bitcoin Like I’m Five. If you still can’t figure ...
Explain Bitcoin Like I’m Five. If you still can’t figure ...
Explain like I’m five: Bitcoin Darren Hobbs
ELI5 Bitcoin – Explain Bitcoin Like I’m Five - Bitcoin ...
Bitcoin explained: Here's everything you need to know - CNET
Can somebody explain Bitcoin like I'm five (ELI5 Bitcoin ...
Most of "toxicity" on this subreddit is justified
There have been a few posts recently with overwhelming upvotes about how this community is toxic, calling it one of the most toxic communities and similar stuff.So I looked through most of the arguments people in comments are making to justify such believe, most of them are pointing out how the toxic people are calling the game "broken", "unplayable", "full of hackers" "full of complainers" or saying that " it makes me not want to come back with almost every other post with someone new bitching ", many upvoted posts talking about how this community "keep bitching" I've seen people talking how people attack Nikita, bsg, also that there are toxic people writing stuff like get good, " Any time I see someone share a small victory it is met with rude comments and hostility"" Oh man you got a squad wipe? Wish the enemies in my game were that bad, you suck they suck , Y DO I DIE TO PRO PLAYERS WHILE YOU PLAY AGAINST BOTZ. "So first off I want to define the terms, toxicity is defined as " the quality of being very harmful or unpleasant in a pervasive or insidious way. " by fast google search. I assume that when people call all those people "bitching" toxic they say so because they believe they are harmful overall. I would argue that the people calling out those "crybabes" toxic are more toxic and harmful to a game than those people they are calling out. My theory is that there are two groups of people on this subreddit, I will call the first complainers, and the second one anti-complainers, which are people complaining about complainers. The first one is the one including everybody that is criticizing or complaining about game, bugs, gameplay changes, performance, loadings, also people that attack developers personally or just insults them, or just rude comments with hostility. Includes anybody who shares his negative thoughts about the game in either constructive argumentive post or REEing and talking the game is trash. The second group are people who complains how much toxicity is on this subreddit, saying it things like it was much better before it got popular, the group can include any person who feels like its toxic, by the most part saying that complainers constantly whine, are rude in comments and attack developers. People who brush off most of actual valid criticism of the game (EVEN if complainer complained about it, complaining about stuff in the game doesnt make the criticism any less valid) with stuff like "It's beta", "It's early access game", "play another game", "stop playing if you dont like the game", "stop bitching", "its just pixels", " It's like, I get it, but I've been here for two weeks and I'm not bitching and I've played many betas and whatnot. It's just not that bad. It really isn't." Also includes people that say that developers are doing their best, doing appreciation threads of nikita, believing that game is in a good spot and that it was much worse and we should appreciete it. I think that a lot of people are in first group because most people have had at least some criticism of the game but they consider themselves as the anti-complainer because the bad parts of complainers that attack developers, or just complain a lot, not liking the game direction, REE'ing or not. That explains why when there are anti-complainer posts about toxic people they have from 70% to 90% upvote rate, but know if you ever found yourself commenting "delete gl" "game stutters" "late spawning again" know that those posts about toxic people are also talking about YOU, yes, YOU. If you have not already realized, I consider myself complainer, I think that the game has a lot of problems, and even though this is my first problem on this subreddit I have a lot to complain.Just to give you some backstory on me, I started playing this wipe, I think I started playing maybe between 3 to 2 months in this game. Im addicted to it, I love this game, but I hate it at the same time.Why?Because the performance of this game, overall slugginess, infinite loads, late spawns, freezes, stutters, many bugs, desyncs, silent grenades, random disconnects mid raid, coming back to menu for 5 minutes every other raid, menu errors, trader errors, new bugs introduced any new patch that can suddenly delete your item cases that you spend a lot of time on, FiR required for quests with random chances to spawn on scavs, me fearing that I can be banned if I drop something to my friend because of rmt problem, me not being able to play with my close friend without need to wait for one of them for few minutes (they all have ssds), while one of my friends is unable to play any other map with me than factory because he is in infinite loading everytime when he tries. I am complainer, but nobody defends complainers that attack developers personally and deathtreat nikita, screw those people. When it comes to people that are rude and negative in comments, I dont believe there are a lot of them at all, the only negative comments I can find is usually at the bottom of any post, with no upvotes or downvoted. If that was a problem people like this would be upvoted much more. I dont think i really happens much, but you can try to prove me wrong if you want. The part of complainers I want to focus on that I believe are justified, are those people complaining about balances issues, bugs, even by saying "constant freezes" and "gl sucks"Every comment like this that has a sentiment about something in game has value.the things like just "Fuck the game" or "fuck developers" have no reason of why the person doesnt approve the game and developers, so I wont defend people that just do that because it has no value, its just being a dick.But when it comes to anybody that complains about specific bug and just shows disapproval about some change is good, its feedback, even though in can be inflammatory I consider it good until it doesnt derive into personally attacking developers. I think complains being inflammatory mostly just tells you how a lot of tarkov community just feels frustrated about the game state, mostly bugs. So as a complainer myself I will respond to anti-complainers arguments that I've came across calling out complainers for being toxic (harmful to community). "It's a beta" - even if I would grant you that, the fact that game is a beta doesnt mean that you cannot complain about something being broken, its actually the best time to fix the game because it is beta, so more feedback the better, while having something broken and having bugs that are very old and still not fixed is very frustraiting. This aside, I dont care about it being a "beta" it doesnt act as one, it keeps having content updates, getting trailers of content updates (trailers for a game that isnt even out, and it wont be even out after the content trailer is about, what even is this?)I has big price tags with different stages with different items for each, it doesnt seem to focus on fixing the bug, it focuses on keep adding content for people. The feedback option about the game is not ever promoted.In4 everybody comments how x games are also betas, I dont care, it doesnt matter, tarkov been in "early access" for years already, and it doesnt seem to even want ever get out of it, it is beta status is just used by community to dodge a lot of criticism. "Play another game"/"If you don't like it, go away" - Why would I? It's not that I dont like that game, I love it, but there are a lot of frustraiting things that can be changed and I wouldnt have those problems. Complaining is for developers to do action to make things better. It is silly to think that if you point out problems in a game you have to hate it, its the opposite, I complain about it because I want it fixed so it will be no longer problem when playing this awesome game. "This beta really isn't that bad"/ "It used to be much worse" - It can be pretty damn bad depending what maps you play, how much you play, what bugs you come across, or just rng of getting a cheater in a game or even getting banned from a game because you dropped some bitcoins to friend or some error bsg did.Saying that it used to be much worse doesnt help in anything, it is just used to brush off the problems with the current game. It is the same as saying to a person that is jewish or black that is telling you it is being discriminated "It used to be much worse for jews you know? They used to be gassed long ago", or to black people "Its much better now, there is no slavery". it just pointless to say. Problems before doesnt mean that you cant have problems right now. "Stop playing if you dont like the game"/"take a break" - There is no game close to tarkov, and I want to play tarkov, I just dont want problems that I get when playing it. It's not that I don't like the game but I don't like in what direction it goes, developers proritize making content instead of fixing the game. It already has damn a lot of content right now, why cant they just focus on fixing the problems, making it smooth and playable, release it and then adding content to it? "Stop bitching" - There are a lots of problems in tarkov, if you think tarkov has no valid problems you must have not played this game at all or must be delusional. And all the other brush offs I already responded to above. I will and most people should too complain about it, I completely doesnt understand the logic of anti complainers, its literally just bitching about bitching, very ironic.I think every patch just proves the priorities of developers, we had gl's last patch and now we got flashing shotgun meleeing people with stash sorting deleting items, and thats after they delayed the patch by 5 days.(I dont care if patches are late, but I care about giving patch date and then delaying it, if you are not sure if the patch will be fine that just give patch date week later) I think that anti-complainers are more harmful to game than complainers, not only it makes home war at subreddit blaming everybody of being toxic, it also just has a lot of people that shrug off the problems that most complainers talk about that are actually valid criticism, which in the long run means less room to improvement the game because most of people with complains are called toxic. In the end all, me and many other people want is just to have good experience and I think that bugs make it a lot more harder to love this otherwise awesome game. Lets make peace between complainers and anti-complainers, being able to criticize game while being able to appreciete what was done until now. Edit: tl;dr, Most people that are considered toxic in this community are just people that point out problems with a game that is required for game to grow and get better, even though it is showed mostly by complaining it has still value and just shows how big part of community are anoyyed at glaring problems.
Alright guys, Ive been working on this for a while and a post on here by a guy describing his portfolio here was the final kick in the ass for me to put this together. I started writing this to summarize what Im doing for my friends who are beginners, and also for me to make some sense of it for myself Hopefully parts of it are useful to you, and also ideally you guys can point out errors or have a suggestion or two. I'm posting this here as opposed to investing or canadianinvestor (blech) because they're just gonna tell me to buy an index fund. This first section is a preamble describing the Canadian tax situation and why Im doing things the way that I am. Feel free to skip it if you dont care about that. Also, there might be mistake regarding what the laws are here so dont take my word for it and verify it for yourself please. So here in Canada we have two types of registered accounts (theres actually more but whatver). There is the TFSA "Tax Free Savings Account", and RRSP "Registered Retirement Savings Account" For the sake of simplicity, from the time you turn 18 you are allowed to deposit 5k (it changes year to year based on inflation etc)in each of them. That "room" accumulates retroactively, so if you haventdone anything and are starting today and you are 30 you have around 60k you can put in each of them. The prevailing wisdom is that you should max out the TFSA first and you'll see why in a minute. TFSA is post tax deposits, with no capital gains or other taxes applied to selling your securities, dividends or anything else. You can withdraw your gains at any time, and the amount that you withdraw is added to the "room" you have for the next year. So lets say I maxed out my TFSA contributions and I take out 20k today, on January of next year I can put back in 20k plus the 5 or whatever they allow for that year. You can see how powerful this is. Theres a few limitations on what is eligable to be held in the TFSA such as bitcoin/bitcoin ETFs, overseas stocks that arent listed on NYSE, TSX, london and a few others. You can Buy to Open and Sell to Close call and put options as well as write Covered Calls. The RRSP is pre-tax deposits and is a tax deferred scheme. You deposit to lower your income tax burden (and hopefully drop below a bracket) but once you retire you will be taxed on anything you pull out. Withdrawing early has huge penalties and isnt recommended. You are however allowed to borrow against it for a down payment as a first time home buyer. The strategy with these is that a youngperson entering the workforce is likely to be in a fairly low tax bracket and (hopefully) earns more money as they get older and more skilled so the RRSP has more value the greater your pre-taxincome is. You can also do this Self Directed. Its not relevant to this strategy but I included it for the sake of context. Non registered accounts ( or any other situation, such as selling commercial real estate etc) is subject to a capital gains tax. In so far as I understand it, you add all your gains and losses up at the end of the year. If its a positive number, you cut that number IN HALF and add it to your regular pre-tax income. So if I made 60k from the dayjob and 20k on my margin account that adds up to 70k that I get taxed on. if its a loss, you carry that forward into the next year. Theres no distinction between long term and short term. Also physical PMs are treated differently and I'll fill that part in later once I have the details down. The reason why all that babble is important is that my broker Questrade, which isnt as good as IB (the only real other option up here as far as Im aware) has one amazing feature that no other broker has: "Margin Power" If you have a TFSA and a Margin account with them, you can link them together and have your securities in the TFSA collateralise your Margin account. Essentially, when it comes to the Maintenance Excess of the Margin Account QT doesnt care if its in the TFSA *or* the Margin! You can see how powerful this is. ------------------------------------------------------------------------------------------------------------------------------------------------ So as you can tell by the title, a lot of this is heavily inspired by Chris Cole's paper "The Allegory of the Hawk and the Serpent". You can read it here: https://www.artemiscm.com/welcome#research Between it, his interviews and my mediocre options skills at the time my mind was blown. Unfortunately I didnt know how to do the Long Volatility part until after the crash in March but I've since then had nothing but time to scour the internet and learn as much as I could. The way I interpret this isnt necessarily "what you should have right now", but what abstracted model they were able to backtest that gave them the best performance over the 90 years. Also, a lot of my portfolio I already had before I started trying to build this. As such my allocations dont match the proportions he gave. Not saying my allocations are better, just showing where they are at this time. I'm going to describe how I do Long Volatility at the end rather than the beginning since the way *I* do it wont make sense until you see the rest of the portflio. Physical PMs 22% I'm not sure wether he intended this to be straight up physical gold or include miners and royalty streaming companies so I will just keep this as physical. I consider Silver to be a non-expiring call option on gold, so that can live here too. I am actually *very* overweight silver and my strategy is to convert a large portion of it to gold (mostly my bars) to gold as the ratio tightens up. If youre into crypto, you can arguably say that has a place in this section. If an ETF makes sense for part of your portfolio, I suggest the Sprott ones such as PHYS. Sprott is an honest business and they actually have the metal they say they have. If you have enough, you can redeem your shares from the Royal Canadian Mint. The only downside is that they dont have an options chain, so you cant sell covered calls etc. Simple enough I suppose. One thing to bear in mind, there is a double edged sword with this class of assets. They're out of the system, theyre nobody's business but your own and theres no counter party. That unfortunately means that you cant lever against it for margin or sell covered calls etc. You can still buy puts though (more on that later) Commodity Trend (CTA) 10% https://youtu.be/tac8sWPZW0w Patrick Ceresna gave a good presentation on what this strategy is. Until I watched this video I just thought it meant "buy commodities". A real CTA does this with futures also so aside from the way he showed, there are two other ETFs that are worth looking at. COM - This is an explicit trend following ETF that follows a LONG/FLAT strategy instead of LONG/SHORT on a pile of commodity futures. So if they get a "sell" signal for oil or soybeans they sell what they have and go to cash. COMT- Holds an assortment of different month futures in different commodities, as well as a *lot* of various related shares in producers. Its almost a one stop shop commodities portfolio. Pays a respectable dividend in December If you want to break the "rules" of CTA, and include equities theres a few others that are also worth looking at KOL- This is a coal ETF. The problems with it are that a lot of the holdings dont have much to do with coal. One of them is a tractor company. A lot of the companies are Chinese so theres a bit of a red flag. Obviously Thermal Coal, the kind used for heating and powerplants isnt in vogue and wont be moving forward...but coking coal is used for steel manufacturing and that ain't going anywhere. The dividend is huge, pays out in December. A very very small position might be worth the risk. Uranium- I'm in URA because thats the only way for me to get exposure to Kazatoprom (#1 producer), which is 20% of the holdings. The other 20% is Cameco (#2 producer)and then its random stuff. Other than that I have shares in Denison which seems like its a good business with some interesting projects underway. I'm still studying the uranium space so I dont really have much to say about it of any value. RSX- Russia large caps. If you dont want to pick between the myriad of undervalued, high dividend paying commodity companies that Russia has then just grab this. It only pays in December but it has a liquid options chain so you can do Covered Calls in the meantime if you want. NTR- Nutrien, canadian company that was formed when two others merged. They are now the worlds largest potash producer. Pretty good dividend. They have some financial difficulties and the stocks been in a downtrend forever. I feel its a good candidate to watch or sell some puts on. I'm trying to come up with a way to play agriculture since this new phase we're going to be entering is likely to cause huge food shortages. EURN and NAT- I got in fairly early on the Tanker hype before it was even hype as a way to short oil but I got greedy and lost a lot of my gains. I pared down my position and I'm staying for the dividend. If you get an oil sell signal, this might be a way to play that still. Fixed Income/Bonds 10% Now, I am not a bond expert but unless youre doing some wacky spreads with futures or whatever... I dont see much reason to buy government debt any more. If you are, youre basically betting that they take rates negative. Raoul Pal of Real Vision is pretty firm in his conviction that this will happen. I know better than to argue with him but I dont see risk/reward as being of much value. HOWEVER, I found two interesting ETFs that seem to bring something to this portfolio IVOL- This is run by Nancy Davis, and is comprised of TIPS bonds which are nominally inflation protected (doubt its real inflation but whatever) overlayed with some OTC options that are designed to pay off big if the Fed loses control of the long end of the yield curve, which is what might happen during a real inflation situation. Pays out a decent yield monthly TAIL- This is a simpler portfolio of 10yr treasuries with ladder of puts on the SPX. Pays quarterly. Equities 58% (shared with options/volatility below) This is where it gets interesting, obviously most of this is in mining shares but before I get to those I found some interesting stuff that I'm intending to build up as I pare down my miners when the time comes to start doing that. VIRT- I cant remember where I saw this, but people were talking about this as a volatility play. Its not perfect, but look at the chart compared to SPY. Its a HFT/market making operation, the wackier things get the more pennies they can scalp. A 4% dividend isnt shabby either. FUND- This is an interesting closed end fund run by Whitney George, one of the principals at Sprott. He took it with him when he joined the company. Ive read his reports and interviews and I really like his approach to value and investing. He's kind of like if Warren Buffett was a gold bug. Theres 120 holdings in there, mostly small caps and very diverse...chicken factories, ball bearings all kinds of boring ass shit that nobody knows exists. Whats crucial is that most of it "needs to exist". Between him, his family and other people at Sprott they control 40% or so of the shares, so they definitely have skin in the game. Generous dividend. ZIG- This is a "deep value" strategy fund, run by Tobias Carlisle. He has a fairly simple valuation formula called the Acquirer's Multiple that when he backtested it, is supposed to perform very well. He did an interview with Chris Cole on real Vision where he discusses how Value and Deep Value havent done well recently, but over the last 100 years have proven to be very viable strategies. If we feel that theres a new cycle brewing, then this strategy may work again moving forward. I want to pause and point out something here, Chris Cole, Nassim Taleb and the guys at Mutiny Fund spend a lot of effort explaining that building a portfolio is a lot like putting together a good basketall team. They need to work together, and pick up each others slack A lot of the ETFs I'm listing here are in many ways portfolios in and of themselves and are *actively managed*. I specifically chose them because they follow a methodology that I respect but I can't do myself because I dont have the skill, temperament or access to. The next one is a hidden gem and ties into this. I'm not sure how much more upside there is in this one but man was I surprised. SII- Sprott Inc. I *never* see people listing this stock in their PMs portfolios. A newsletter I'm subscribed to described this stock as the safest way to play junior miners. Their industry presence, intellectual capital and connections means that they get *the best* private placement deals in the best opportunities. I cant compete with a staff like theirs and I'm not going to try. I bought this at 2.50, and I liked the dividend. Since then they did a reverse split to get on the NYSE and like the day after the stock soared. When it comes to mining ETFS I like GOAU and SILJ the best. None of their major holdings are dead weight companies that are only there because of market cap. I dont want Barrick in my portfolio etc. SGDJ is a neat version of GDXJ. Aside from that my individual miners/royalty companies are (no particular order) MMX SAND PAAS PGM AUM AG MUX RIO- Rio2 on the tsx, not rio tinto KTN KL Options/Volatility: varies So this is where we get to the part about options, Volatility and how I do it. I started out in the options space with The Wheel strategy and the Tastytrade approach of selling premium. The spreads and puts I sell, are on shares listed above, in fact some of those I dont hold anymore. Theres tons of stuff on this in thetagang and options so I wont go into a whole bunch (and you shouldnt be learning the mechanics from me anyway) but theres one thing I want to go over before it gets wild. If I sell a Cash Secured Put, from a risk management perspective its identical to just buying 100 shares of the underlying security. You are equally "Short Vol" as well, it just that with options its a little more explicit with the Greeks and everything. But if I use my margin that I was talking about earlier, then I can still collect the premium and the interest doesnt kick in unless Im actually assigned the shares. But if I sell too many puts on KL or AG, and something happens where the miners get cut down (and lets be real, they all move together) my margin goes down and then I get assigned and kaboom...my account gets blown up So what I need to do, is balance out the huge Short Vol situation in my portfolio, be net Long Vol and directly hedge my positions. Since the overwhelming majority of my equities are all tied to bullion this is actually a very easy thing to do. Backspreads https://youtu.be/pvX5_rkm5x0 https://youtu.be/-jTvWOGVsK8 https://youtu.be/muYjjm934iY So I set this up so the vast majority of my margin is tied up in these 1-2 or even 1-3 ratio put spreads that *I actually put on for a small credit*, and roll them every once in a while. I run them on SLV, and GDX. I keep enough room on my margin so I can withstand a 10% drawdown before it sets off the long end of the spreads and then I can ride it out until it turns around and we keep the PM bull market going. Theres another cool spread I've been using, which is a modified Jade Lizard; if already hold shares, I'll sell a put, sell a covered call, and use some of the premium to buy a longer dated call. Ive been running this on AG mostly. I have a few more spreads I can show you but Im tired now so it'll have to wait for later. As I said multiple times, I do intend to trim these miners later but now isnt the time for that IMO. I'm also monitoring this almost full time since I have an injury and have nothing better to do until I heal :p
Hey, im fairly young and bitcoin is kinda no topic in my country, i listen to financial podcasts like Peter Schiff and wanted to highlight a point that he mentioned, since im in a bitcoin reddit, im sure you could give me a path here. What Peter Schiff was basically saying is that Bitcoin has no intrinsic value (no physical value like gold has) and that people who already own them just look for the excuse me next fool to step in and buy their bitcoin so they can get out with the dollars, and about shops/places that accept bitcoin pay, he mentioned that bitcoin is only a middleman there for example i want to buy a coffee and a shop accepts bitcoin, the moment you pay with bit pay for example bit pay buys your bitcoin and gives you dollars (or to the shop owner) in order for you to buy the coffee, so its fair to say that its still dollars with what your paying, imagine a shop would have "picture pay" same thing my picture would be bought from the 3.party service and the shop owner would still have his dollars, id love to hear either arguments against that whole topic or links which explain all this, for me as a outstander it just seems like a hype with no basis, im not here to bash on bitcoin or crypto btw my language might be a bit harsh but thats due to the fact that english is not my first language and i tried to make a point. I appreciate
While watching a recommended video that talks BTC w/ some neighbors...
So I am sitting in my neighbors apartment, chilling, avoiding the outside world. When all of a sudden, a Bitcoin doc. Showed up in their recommended. Neighor starts going off about Dread Pirate Roberts and trashing the old marketplace to me and his GF. Fair, some mistakes were made. Then he goes on to explain to his questioning GF about how all these "Druggies used stupid internet tokens made by nerds so they can get drugs delivered to their house." Im sitting there with my best poker face. Like, okay, sure. Silkroad was kinda a growing pain, but dont shit on my Bits bro. He goes on to ask what the value of a BTC is... Neighbor :"What are they worth anyway? Couple cents of something?" Me coy as ever: "Umm, well actually man, they are worth a little under $7,000 a piece now... But just a bit ago was over 11k." Neighbor: "Seriously? What kind of moron would buy a stupid Bitcoin for that much? Just buy stocks, they are so cheap right now!" Me pensive: "haha, well, I mean it has outperformed the entire market and is a safe haven more reliable than gold, so, there is that..." Neighbor: " Wait, you dont actually believe this crap do you?" Me: "Actually man, I do.." ~ @ this point in the show that was on, CryptoKid comes on, and the Winklevoss boys are mentioned ~ His jaw drops. I go on to explain to him, (a traditional market investor, owns a couple bluchip stocks and a traditional 401k) how the cost of investment capital is ACTUALLY calculated... "Yes, we take the market cap, and divide it by the circulating supply.... See, there are only EVER going to be 21 million." I explained the upcoming halving, the demand for a safe haven asset, and the prospectus of that awful annoying "BRRRRR ing" noise emminating from the federal reserve. This morning he texted me asking about the KYC on Coinbase. ( the only exchange available here) Success.
My Trezor (MEW?) account got compremised, funds were stolen
Hello ladies and gentleman, I hope you can help me out somehow. I put it in bitcoin as well despite its ethereum but its about trezor and the btc part is involved. In mid september all my ethereum and ethereum based stuff was cleared from my MEW accounts for roughly 38k USD. Trezor couldnt help me at all and we went through all the topics and questions they had which lead to nothing exept an basic answer “your seeds got compromised in the past“, which doesn’t make any sense and I will explain why. Lets say, Im a person with some basic tech knowledge and worked as admin and I use common sense to handle my crypto stuff which is part of my business and daily task since 2 years.I check all things again before sending. Adress, amount etc and never had any problems before.I never was on a fake page where I had to give my seed or passphrases inI dont open spam mails nor use my new laptop for something else then work, like visiting porn sites or shady stuff or use cracks etc. I didnt even found a malitous cookie after checking everything. The laptop I used was 3 months old and set up on my own with windows, firwall, antivir and anti malware stuff. Things I am doing form me and my friends since year 2000. No cracks used for programms, everything legal. I use a trezor one since then which is updated accordingly when the tool or page prompts me. I used to use chrome as my default browser (which i learned, over the past months trying to figure out what might have happened, is one oft the worst browsers). No one has my seedsno one knows my pin to entert the trezorI dont store any of this information onlineI dont know my private keys from trezor So what happened was that september 9 in the evening, a few hours after I sent some usdt deposit to my adress, I want to check if everything is there, login to my MEW account (online, not offline and url was correct. no addon used, just the shortcut in my browser which i safed there and always used and later checked i fit was linked to something else which wasnt), and the account was empty. Three ethereum adresses where i stored some coins, eth and usdt. I realised that every transaction below happened while i was standing infront of my laptop (checked time happening), trezor connected cause i did some btc transaction before and chatted to customers on different chat tools like telegram or skype. Obvsly without signing any transaction at all everything was sent to other adresses. It seemed someone got the keys to those adresses before. Now, I dont even know my private keys to those adresses which are stored in trezor right? I wasnt logged into MEW before this incident for about 1.5 days. The btc part on my trezor is MUCH more valuable, but still there. After trezor couldnt help me about what happened and MEW treated me like the standard idiot who gets highjacked and then wonders why his money is gone, I went trough so many possibilities. For the most time I thought some kind of KRACK attack happened. The only problem is trezor says they dont extract the private keys. Some gurus in this topic ( i read on reddit here) say its possible to get them from the network. Even parts are enough to encrypt the whole key after a while which would underline the timeline that it took 6 days from working in this hotel and having the unusual situation with the sending (down explained) till the accs got cleared. The hotel incident happened the week before my accounts got cleared. I was visitting friends and coworking agents in Vietnam and stayed in a red doorz hotel in Ho Chi Minh. Using the Hotel Wifi and a nvpn.net VPN I sent some usdt funds via MEW to a befriended customer and something very stranged happened, which I never had before.I sent 4k usdt to a customer and the transaction took 13 min working working working and then failed. I’ve never had something like that. We thought it might be because of eth network or so but we never had that before, me and him sending a lot transactions every day. Then i copied all details in again and send another 4k and somehow he recieved both! check the screen. The one transaction processed nearly 13 min then failed. 2min later i sent a new one and without any evidence in this screen he recieved both. https://s19.directupload.net/images/200121/27e8uyd3.jpg later https://s19.directupload.net/images/200121/3todak3u.png So he sent me back the additional 4k and I shut down everything not thinking about this much anymore. Only when the accounts got cleared I was searching for any unusual happenings which could have let to this because pretty much all other “typical“ mistakes people normally do we could exclude. If somehow my seeds got compromised why only the ETH stuff? The btc parts on the trezor had much much more value. I never searched for trezor page on the web and used a link to access my wallets or to do updates. I always used the trezor bridge and made a shortcut to my wallet in my browser. For MEW i always used the same shortcut in my browser which worked pretty fine for the past years an everytime when setting the browser or pc new i checked it all before. Because of the unusual thing which happened in Vietnam I flew back there (from philippines) prepared with tools and checking because I couldnt let go and I didnt find any other plausible cause. I even got back my old room. In this hotel there are three hotel wifi network and I remeber 100% that I used the 2nd one before cause it had the strongest signal. Anyway. I switched on wireshark and later on Fiddler, repeated all steps I used to do before. Checking if some rerouting, dns poisening or readressing or so is happening. Nothing unusual happened in the first when entering MEW (I sent some bait funds there). In the 2nd network I used in september the trezor basically totally freaked out. He didnt let me enter MEW, I had to reenter my pin up to 5 times sometimes, It gave me error messages in MEW or it took 30 fucking seconds to enter it. Trezor writes about this: “When you enter an invalid PIN a few times, the Trezor adds a forced waiting time between attempts.You can see this feature on the photo where the Trezor is making you wait for 15 seconds before another attempt.This countdown is then multiplied by the factor of two until you reach the 16th invalid PIN entry. After that, the device automatically wipes its memory - deleting all data from it. The behavior of your Trezor at MEW is undoubtedly not standard or in any form pleasantly functional. Nevertheless, it also isn't anything superbly unusual or unexpected, taking poor internet connection into account.“ The thing is, the pin is 6 digits but pretty basic and I never ever entered it wrong. And I used the strongest wifi and could open webpages very easily . As well as: “Sadly, this does not tell us anything about how your funds could be compromised. None of this could have ever exposed your private keys or made your device vulnerable in any way. The Reddit thread you linked discusses cracking BIP-39 passphrases, which is irrelevant to your case. Cracking such passphrases assumes the person trying to break the wallet already has full possession of the recovery seed (recovery words). See, a passphrase is not your recovery seed or some additional password on your device. It is an extension of the seed, and it is also 100% useless without controlling the full seed. The only threat you are exposed to when using Chrome is using Google itself. When googling "trezor" or "trezor wallet", you might stumble upon a phishing site which will present itself as a genuine Trezor website and force you to go through a fake "recovery" process. There you'd give out your recovery seed, which subsequently grants full access to your wallet and funds. It's reasonable to assume that malware could guide you to such a website. To this day, we are not aware of any such incident ever happening, and even then, there are protections in place to defend you against phishing attempts.“ Basically, something I never did and all funds would haven been gone then. I checked the 3rd network as well, and like the 1st nothing special happened. Only in the 2nd. These are the funds and how the got cleared off the wallets. I always show last transaction from me to the adress as well on the screens. So adress: 0x253ABB6d747a9404A007f57AaDEc1cA2b80694a1 They withdrew this: 1k USDT and the small amount ETH to send stuff https://s19.directupload.net/images/200121/sg2lumg8.png adress: 0x01fd43a713D8F46FF9a7Ed108da2FF74884D8400 They withdrew this:Majority of USDT and small eth for sending stuff https://s19.directupload.net/images/200121/arycubto.png adress: 0xf73c8C30072488d932011696436B46005504A7aeThey withdrew this: Majority of ETh, then all coins from valueable to worthless and then some rest eth https://s19.directupload.net/images/200121/urbgm2y5.png https://s19.directupload.net/images/200121/rdkod59h.jpg So this is what happened at 12th september between 16:49 and 17:15. Sick to see that all happened between 16:49 and 17:00 and its like someone came back checking and saw the 0.014 eth and withdrew it 17:15. Around 10pm i discovered what happened. So, do you have any ideas? Questions? Feel free to guess or ask Im glad for everything which might lead to what might have happened. I somehow can’t let go off the feeling something inbetween the network, MEW and trezor ist he cause, but what do I know.
Removed comments/submissions for /u/OverLeveraged14
Hi OverLeveraged14, you're not shadowbanned, but 97 of your most recent 105 comments/submissions were removed (either automatically or by human moderators).
ft8ds4z in CryptoCurrency on 07 Jun 20 (1pts):
bitcoin relies 100% on confirmation bias. everyone yells ''its amazing'' because they're financially biased, but they dont actually believe it. they just hope someone will pump their bags. to me the...
frm76ad in Crypto_com on 24 May 20 (1pts):
simply put, they dont support canadian banking and canadian dollars. at least yet. might change when they add debit card for canada since i would assume that will be denominated in CAD but i could...
i cant wait for 1000sat/byte as a standard when btc hits 100k$! its gon be great! i really dont care if 90% of my paycheck vanishes in a transaction fee cause ill hodl till i die! i already threw...
frjwzk9 in CryptoCurrency on 23 May 20 (1pts):
well, at least he's not shilling a scam this time i guess?
frjvori in CryptoCurrency on 23 May 20 (1pts):
people didnt expect that kind of bull run in 2016, at least no that i remember. there was some hype early on in 2017, specially because of ETH, i still cant tel wheter or not btc rode on eth's...
frjt8r7 in CryptoCurrency on 23 May 20 (1pts):
eth by far. bitcoin is racing towards a dead end and everyone knows it but choose to ignore it and scream moon all day long. its sad but true bitcoin cant sustain anymore growth and there's no plan...
frjr53k in technology on 23 May 20 (1pts):
how about let it fucking sink so it can be bought for a penny on the dollar? only thing this system is doing is promoting irresponsible business management because ''why take precautions or innovate...
frjq6q8 in technology on 23 May 20 (1pts):
the best way to make you gmail inbox safer is to use protonmail instead haha.
frjg2ez in CryptoCurrency on 23 May 20 (1pts):
i can attest to this. i did a piece that shows how 4mb block would HELP bitcoin adoption AND decentralization and was banned for promoting BCH, which i havent talked about once in all of my...
frjfwao in CryptoCurrency on 23 May 20 (1pts):
no, its means goldman needs a conference call to tel investors not to buy bitcoin.
frjfehq in CryptoCurrency on 23 May 20 (1pts):
proof of funds is the scummiest bullshit ever created. allows institutions to literally steal money from legitimate users who cant provide a proof. its easy for freshly earned money now that we know...
frjbtml in CryptoCurrency on 23 May 20 (1pts):
it doesnt really matter how much the fed prints, because it wont leave the fed without someone taking the loans, and nobody wants a loan right now. theses funds mainly exist in order to prevent the...
frgj543 in politics on 22 May 20 (1pts):
why? its not like he has issues routing a billion dollars of public funds over to Ukraine.
frggmty in CryptoCurrency on 22 May 20 (1pts):
''in a nutshell'' dont hang out in bitcoin or btc, bitcoin has gestapo mods and btc is salt all day long.
frfp692 in WhitePeopleTwitter on 22 May 20 (1pts):
just go gamble 100x till you make it, ez.
frfoe8c in LifeProTips on 22 May 20 (1pts):
Discord my friend, Discord.
free9l1 in CryptoCurrency on 22 May 20 (1pts):
fredual in CryptoCurrency on 22 May 20 (1pts):
dw bout it, everyone pays to learn in this space. some later than others. better take your loses early on rather than get your illusion of success shattered down the road.
frdpvm8 in CryptoCurrency on 21 May 20 (1pts):
all you had to do is claim you hex, for free. if you dont pay for something, how are you getting scammed? you have no clue who gave him that eth, for what purpose, and if they're okay with him...
frdo9tl in CryptoCurrency on 21 May 20 (1pts):
lets be honest, sending them to an exchange that has ''Fren with justin sun'' written all over it was not exactly his most genius moment.
frde4ag in CryptoCurrency on 21 May 20 (1pts):
folding is great but it honestly pisses me off at the same time. there is so much spare computing power owned by american companies and almost all of it is never put to use for folding, it should be...
frddkuy in CryptoCurrency on 21 May 20 (1pts):
''investing'' in crypto is honestly the wrong way to think about it. gambling is a much better term. at best you're all in on btc and you're hedging against fiat inflation, at worst you buy any...
frdcffn in CryptoCurrency on 21 May 20 (1pts):
that explains why you know nothing about it.
frdaz60 in CryptoCurrency on 21 May 20 (1pts):
doubtful. negative interest rates in a deflationary environment wont be a big deal. yall really seem to misunderstand how good the USD is at fucking you over. keep believing hyperinflation is gonna...
frdantd in CryptoCurrency on 21 May 20 (1pts):
you havent seen nothing yet my man. 2017 had fees up to 100$. its gonna happen again.
frcveyn in CryptoCurrency on 21 May 20 (1pts):
considering he thinks bitmex sells trader's fund on spot after they place a trade, its fair to say this guy doesnt know anything about anything.
frcn75e in CryptoCurrency on 21 May 20 (1pts):
this is the dumbest article ever made on crypto.
frcmmkz in CryptoCurrency on 21 May 20 (1pts):
you're an idiot.
frcgfqm in CryptoCurrency on 21 May 20 (1pts):
while i agree that bitcoin sucks as it is and needs a block size increase (4mb would be perfect for now and wouldnt change a damn thing about decentralization) bsv is garbage and bch too.
frcg7pc in CryptoCurrency on 21 May 20 (1pts):
those 3 pools are also made of thousands of individuals. its not the pools' hashrate. if they start messing with the network, that hashrate will leave fast as fuck.
frc3yb5 in CryptoCurrency on 21 May 20 (1pts):
yet only 5mil in liquidity. useless network.
frbyhp0 in CryptoCurrency on 21 May 20 (1pts):
btc blocks should be 4mb-8mb right now to keep in line with technological advancement since the 1mb block limit was implemented. prove me wrong. ill debate anyone. and before you ask, im a btc...
frbxj5j in CryptoCurrency on 21 May 20 (1pts):
opening the pandora's box for market manipulation is a bad thing for wallstreet. these's patterns are not exclusive to crypto, at all, and ''trapping'' and stop hunts has been done for decades. this...
fr8anz5 in CryptoCurrency on 20 May 20 (1pts):
honestly wouldnt be surprised. btc isnt going anywhere without scaling and ln is a cluster fuck for adoption.
fr64v2n in Bitcoin on 19 May 20 (1pts):
fr64mko in Bitcoin on 19 May 20 (1pts):
this is software or 3rd parties trapping people into having to use those fees.
fr649wf in CryptoCurrency on 19 May 20 (1pts):
that company is a fucking leech regardless how you look at it. trying to make itself relevant by attacking others. they arent doing anyone but themselves a favor. you can hate on XRP just as much as...
fr62m0n in Bitcoin on 19 May 20 (1pts):
this is absolute garbage propaganda to assume that nodes would drop out rather than upgrade. im so fucking tired of people pretending like buying a 400$ computer to run a node is a problem but...
fr61jya in Bitcoin on 19 May 20 (1pts):
supply is 18million, not 900/day. there's plenty to buy from. also if you are talking about paul tudor jones, he didnt buy a single bitcoin and said so himself that he would only be playing futures...
fr60yqv in Bitcoin on 19 May 20 (1pts):
store of value is NOT a use case, and bitcoin is NOT widely adopted.
fr5yqcw in Bitcoin on 19 May 20 (1pts):
" not really looking for financial advice " maybe you should.
Here's a bunch of tips for ways to make roubles and how to keep them coming in. Your results may vary but I started out as a complete newbie last wipe and farmed well over 400m, had all keys, all the cash I could spend. I'm on my way to that same level this wipe so it seems the strategies are working still, take them or leave them as you will. Scav Runs The first order of business should be purchasing an intelligence folder and upgrading your Intel center to at least level 1 (reduces timer to ~16 min) these extra runs will quickly pay for the cost of the folder, it also helps you progress towards your other hideout upgrades. Such as bitcoin farm, scav box which will help with more easy money later. The runs. There are varying schools of thought here, some people like to take their time and loot interchange or reserv others like to get in and out quick, I am among the latter group. Neither is incorrect but I will explain my reasons for in and out runs.
scav timer doesn't count down until you exit raid as scav, longer runs means fewer scav runs.
quicker runs are lower risk, the longer you're in a raid the more likely someone has heard you or seen you and could be stalking you, a quick run you could be gone without any players knowing you're there.
better for morale (personally) If I spend 40 minutes looting all of interchange to die heading to extract with 600k, im going to rage. Where as if I die with 50k of loot on factory that I just spawned with I can easily shrug it off.
My personal strategy is to spawn on factory, run straight to my scav extract (not gate 3, for the love of God). If I find a dead body along the way, I'll loot it. At my extract if there was a scav near by that I can kill quick loot and then immediately extract, I'll do that as well. It's usually 100-200k profit per run and I survive 90% of the time. Squads Squads Squads If you want to play solo, that's fine and perfectly viable but know that you have just set yourself against a harder task. Squads offer huge benefits a few listed below:
extra sets of eyes, and ears to help spot potential threats
extra people trying to kill your enemies -tactical options such as covering multiple exits, flanking, covering fire, diversions
people to watch your back when you're most vulnerable, when looting, healing, packing mags, etc. -people to ditch your gear (or pull it out) if you die to increase your insurance returns -more gear left on the ground if you squad wipe so you're still more likely to get some stuff back since the enemies are less likely to be able to loot everything. -less potential enemies on the map with you (they occupy a slot that otherwise would be filled by a hostile PMC or Player scav
it's just more fun to have someone to chat with
Your downsides are that you're going to split loot in some way shape or form reducing potential/theoretical profitability (but in practice, it increases actual survival and there by profitability) You have to have patience, waiting for everyone to get out of raids especially when someone dies early on into a raid is a pain. The occasional team kill (accidents happen even amongst coordinated squads) You'll divert at times from your objectives to complete someone else's objectives. I usually find a 3 man squad works best at balancing the pros and the cons but duos and quads are doable. 5 man squads can get unwieldy and I really only do those on labs. If you don't have a squad,and want one, Find a discord channel, join it, play with a random squad, if you don't like their community, find another, there are tons of discord out there keep trying until you find people you click with. looting Knowing what and how to loot will increase your profitablilty on every raid you survive, so your wins are better and carry your through more losses. This is hugely important if you are struggling with money/survivability trying to make every slot and rouble count. Barter items: Commonly found items scattered throughout the map, unfortunately this list is extensive and ever-changing with the ebbs and flows of the markets. There are people and wikis that keep updated spreadsheets with item values I would suggest you refer to. Or taking a look at the market and getting a feel for it. Just playing the game you will build up this knowledge over time. The only suggestion I have here is that if you've never seen something before, get it out of raid. Worst case scenario is you find out it's worthless and you now know for next time, best case, it's a rare item (hence never seeing it before) and you just made bank. Looting kills: -When first opening up or 'tabbing' into a body look at the experience you get for searching that body it will be indicative of loot quality to some degree. Scavs with 50-100xp on initial opening likely just have their gun/ammo and an AI2 on them or similar. Scavs with 200-300xp are likely sporting labs keys, door keys, or rare items, search them entirely, pockets and all. -search pmc pockets for things like grenades and meds, this is usually missed and can have good utility and or value. -attachments, attachments, attachments. If you can't fit the gun what attachments does it have, items to focus on are suppressors, optics, lights, and lasers, combined they usually hold the majority of a kitted guns value between them, they're smaller and can easily be tucked into the nooks and crannies in your rigs. -similarly, what ammo are they running? Check their magazines even if you can't fit the magazine the ammo may be worth taking out, did that player you just killed have 2 30 round magazines of bt in his vest? Great unload those puppies and place that single squar of 60 rounds in your pack, it's worth 20k give or take on the flea market. -insurance fraud, always insure when going into raids. If you find a piece of armor, weapon, etc that is comparable to yours in value and utility, trade it out. Hide your insured item somewhere reasonably safe, and it will likely come back to you allowing you to free up space for more profit and mitigate risks as well. (now if someone kills you and loots you its not your stuff they're stealing). If you're especially broke, you can plan to do this from the start. Don't bring in a Triton, bring in a micro rig, bring in a lightly modded scav weapon and trade it out the first opportunity you get, etc. Extend the life of YOUR gear by safely tucking it away. Even if you never extract your 1 set of gear might last you 5+ raids this way, costing the approximate 10-20% of value each time to insure. I've got a few Mrigs that I keep having come back to me on insurance since day 1 of the patch, at this point I've traded each of them up for a Triton or better and sold that for 10-20k end of raid 5+ times. That at this point only cost me 1kish to bring into each raid. If you want to be extra safe break down your weapons before tossing them, the likelihood of someone finding a loose suppressor or pk06 that's hidden in a patch of tall grass or a bush is laughably low. Overall focus on value per slot when looting. Even on customs there's enough loot that when properly done can net you 700k+ profit for a single raid. Risk Mitigation and cost effectiveness This is where I find most people have the hardest time with their money. They buy stuff they don't need, over spend on stuff they'll never use, and risk/lose tens of thousands of roubles per round for no reason, they're better off throwing their money down the toilet. Every item you bring should have a purpose, an intended use, take a good hard look at your play style, what you use, and don't bring fluff. Everyone has a different playstyle, skill set, and understanding so I can't tell what you use and what you don't. Be critical in your self evaluation though. Common examples I see, friends copying weapon builds that have lasers, flashlights, or canted sights that they haven't used in the 10 raids I've watched their stream. Grenades they forget about unless I specifically ask for a grenade and they check to see if they have it. Stims they never pop, side arms they never switch to, etc. Another thing I see far too often, players using armor long past its expiration date. Armors effectiveness at resisting penetration (and thus doing its joplb protecting you) is directly related to its durability compared to its original maximum durability. If you've repaired that kirasa armor so many times it's new maximum durability is 25. It's worthless at protecting you and even buckshot is going to tear through that fairly easily, it's best use at that point is being sold to fence. Generally speaking armor should be tossed when it is no longer repairable to at least 50% of its original maximum durability. I've killed more rookies this wipe rocking sub 20 maximum durability killa armor than I can count and that's with me using 545 ps ammo that has horrendously bad penetration. Worse yet they likely bought that useless armor on the market for 80k+ because it was the 'cheapest killa armor' Make sure what you have has a purpose, isn't costing too much for your cash/income level to justify that purpose, and mostly make sure it's serving that purpose. This even extends to some 'given' items that most people bring into every raid. If you're running a pistol, do you really need meds in your container? What are the odds you're going to survive a firefight, need to heal with those meds? Now balance that against how often you could've gotten out with another few items you found in raid, say wires, screws, bolts, those 4-5 extra slots could've been something worth 40-50k. This will depend on your skill but for most I'd lean towards not bringing the meds in that specific instance. Early wipe (or if I'm broke) for instance you'll see me running a scav weapon with a sight/ foregrip, a rig, a spare mag or two (with 120ish rounds spare to repack in my gamma) meds (also gamma) and a scav backpack. location, location, location Where are you going? what do you expect to encounter? Why are you going there? Your gear and location should match accordingly. If I'm going to shoreline with just a scav gun solo, sure I might get lucky if I go to resort but I'm also drastically increasing my odds of running into geared enemy PMCs. I'd probably be better served looting pier, weather station, village, cottages, etc. I'll find enough loot to make 200k+ profit after a scav kill or two and I don't drastically increase my odds of dying and losing everything. Consistent medium cash is the path to riches much more readily than rolling the dice hoping for that red key card. These are a few tips to get you started on the path to profitability. I can do follow-ups or edits with suggested loadouts, weapons, links to barter item prices as necessary if there is interest.
Hey Guys, after I shipped my last few Hauls via Ytaopal I think I can give a honest Opinion about Ytaopal and can give you some Tips about Ytaopal If you are using Superbuy, you should check out hyperionfr `s Guide here. Its better and bigger than mine but he only talked about Superbuy as Agent, that inspired me about doing my own little Guide for yall.
How to buy from Taobao, Tmall, Yupoo and more Sources via Ytaopal
Shipping and Customs (+ my Experiences)
My Experiences with Ytaopal (+ compared to Superbuy)
1. What is an Agent?
tl;dr: An Agent is a commercial Service which lets you buy Items off of Chinese Websites and deliveres them to you. An Agent also sends you Pictures of your Items before shipping and is talking to the Sellers for you. These Services take a small fee for their Service but this is in the most cases absolutely worth it so you should use them. For new users coming to this sub daily it is hard to directly understand the point of an agent. Be honest, you did not do better in your first days/weeks. So instead of redirecting them to the searchbar just explain it to them in 2 sentences. The main website we buy our reps from is taobao.com. It is like a amazon or eBay for China - solely for China. The problem that results is that we need a connection between your country and China. You cannot buy from TaoBao directly (for most of the countries) and you probably would not understand anything. So here comes the agent in hand. You browse through your favorite TaoBao shops and find some items you want to buy. Now you do not buy it through TaoBao but through your agent (in our case Ytaopal). Ytaopal now buys this exact item and lets it deliver to their warehouse. You ask for pictures, measurements, exchanges, returns etc. When everything is fine Ytaopal will package everything and deliver it to you. They are the connection between you and TaoBao. (the longer Text was written byhyperionfrfor his Guide)
2. Which agent to use?
As suggested by the Title of the Post, Im using Ytaopal. In my time into Fashionreps I used a few Agents like Superbuy, Basetao, CSSBuy and Ytaopal. None of them is bad but there are some differences in their offerings and prices. For first-time buyers I would suggest going with Superbuy, which is a bit more expensive then the other ones but is the most professional and the most easy to use. In addition, you can find more than enough Guides for buying via Superbuy on this Subreddit.
How to buy from Taobao, Tmall, Yupoo and more Sources via Ytaopal
1. Buying things on Chinese Websites
tl;dr Taobao/Tmall Tutorial:
get a Link for what you want
go to Ytaopal and paste your Link into the Searchbar
Select type and sizing
Click the "Add to Cart" Button
Go into your Cart
Click the Checkout Button
Pay the Items
1.1 Signing Up
Just go to the top-right corner and select "Register". Just put in your email, username and password and you should be fine.
1.2 Finding Items
You can buy Items from many different Chinese Sites. You can find the officially Supported Sites on Ytaopals Homepage, altough its not listed there, you can order from Yupoo and Wechat too. For finding the Items you want, just take a look into the Subreddit and check out some of the Hauls other Guys did. In most cases you can find a Review of the Item and a Link to the Seller. You can also click some recommended Links on Taobao or explore some sellers on Yupoo. A big help while checking out Items on Taobao can be u/AColdFloor `s QCSuite Addon which can be found here. It displays the QC Pictures of other Users to you right on the Taobao site. With that, you can check how the Item looks in reality and can decide better. For Translating Chinese I found Google Translator (for Websites) and Yandex Image OCR (for Pictures) the most useful. Most of the time you can get a Sense of what the Seller is trying to tell you.
1.3 Buying Items
If you found the Items you want, click at the Searchbar at the Homepage of Ytaopal and just Copy your Link into it. If its a Link from a officially Supported Site you can just Click the Options and you see a Picture of your Pick. The Price will also be automatically filled. If you want to order from CNFashionBuy/CNFashionPub, scroll down at the Articles Site and click the Yupoo link. After you got the Yupoo Link just do the usual Ordering Process through Yupoo (below). When using the CN Sites, set the "Price" to that listed on the Site and set "Shipping" to 0. If you want to order from Yupoo, paste the Link into the searchbar on the Homepage and the Ytaopal Site will be Blank. Now fill out the Blank Spaces, into "Title" just copy the Name of the Yupoo Album of your desired Item. Prices should be listed somewhere on Yupoo too. Now just fill in the Size you want into the "Comments" field. If you want to order from WeChat, write an Email towards [[email protected]](mailto:[email protected]) telling them the WeChat Name and the Items you want, try to specify what you want as specific as possible. How to order from Taobao Imgur Tutorial How to order from Yupoo Imgur Tutorial
Ytaopal uses a Balance System, that means you cant be overcharged and can only pay what you charged up before. All Refunds will be added to your Ytaopal Balance. To charge up your balance just navigate to the Dashboard of your Ytaopal Account and click "recharge". For adding Money to your Account you can use Debit Cards, Bitcoin, Western Union, Bank Transfer, iDeal, Giropay, Polipayment, Trustpay, EPS, Mistercash, Mybank (France/Belgium/Italy and Luxembourg), Sofort, Safetypay and Multibanco. You can select the amount you want to charge up and the fees for it will be shown below. If you want to pay with Paypal (which is pretty likely), just write an Email at the Support. They are gonna tell you the Paypal-adress and what you have to do. Paying with Paypal is fee-less and takes 24h at most. (the Support needs to add the Balance manually to your Account)
1.5 the Warehouse
After you ordered your Items, you can see them listed in your Warehouse after they arrive at Ytaopal. The Warehouse lists your Items and shows the Order-Number, Price and Weight. When your Items are listed in the Warehouse, you can click on "QC Album" (on the Dashboard) or "My QC Pictures" (at the Sidebar) to see the Pictures your Agent took of your Pieces. In my opinion, those pictures are far superior to the QC Pics of Superbuy. (more to my Experiences down below) Ytaopal Warehouse + QC Pics Imgur Album
2. Getting your Items shipped to you
go to your Warehouse
select the Items you want to ship
click the "Add to package" Button
Fill in your Adress and your favourite shipping method
Pay for your Package
To get your fresh new clothes shipped to you, just go to your Warehouse and tick the Boxes besides the Items you want to ship then click "add new Package" and you will be taken towards the Checkout Screen. There you select your Shipping Adress, Shipping Service (DHL GANG GANG) and Select if you wanted to keep Boxes or throw them away. You should throw them away if you dont need them, that saves you a lot of money and can be benefical with the customs. Underneath you can input some Comments that you want to tell Ytaopal, unless like other Agents Ytaopal will not write those Comments on your Parcel. Ytaopal shipping Screenshot Imgur
Check the total weight of your Parcel
Check the Customs Regulations about Parcels for your Country
Pick the Price you want to declare your Haul at
Submit your Parcel
Write an Email to the Support including your Parcel-Number and tell them how you want to declare your Items.
Ask the Support to send you the Invoice they put on your Parcel
My Tip for you is to let the Comment Section blank and write an Email to the Support after you submitted your Parcel. When you write an Email you can tell them exactly how you want to declare it. If you dont tell them anything they will declare it at original Pricing so you should at least do it in the Comments if you dont want to write that Email. Also, if you dont tell them anything about the Items inside, they will just put the real Items on the Box (e.g. if you bought 3 Hoodies and 1 Shirt, it will just be declared at 3 Hoodies and 1 Shirt but fitting to the Price you want). If you just say they should declare it to 30$ for example they are gonna fit your Items to 30$ with free Shipping. Depending on your Country, you should probably set it to ~5$ Shipping or how you want. Remember to ask them to send you the Invoice they put on the Parcel. You will not receive a shipping Refund with Ytaopal, but the Pricing is a good bit cheaper than Superbuys. You can calculate shipping Prices via the Calculator found on their Homepage, remember that this is only accurate with EMS as DHL goes for volumetric weight which you cannot be calculated.
2.2 What happens when the Customs Check my Haul
First Advice, calm down. It is very unlikely that Customs open up your Haul randomly. If you are in a Country of the European Union, Customs cannot open your Parcel without you accepting to open it if its not looking Suspicious. If you are using DHL, just check the Tracking Site to see your Parcelstatus."Customs status updated" - Your Parcel has been announced to Customs or you need to hand-in a Proof of Worth for your Items. You can see this when clicking on the "+ Button" on the tracking Site. " Processed for clearance at LEIPZIG - GERMANY " - The Customs started working on your Parcel, nothing bad. " Clearance event " - Your Parcel is stuck or delayed, most of the time you are fine. If its on this Status for a longer Period of time, call DHL."Clearance processing complete at LEIPZIG - GERMANY " - Your Parcel got through Customs without Problems! How to do the Proof of Worth: Obviously, you dont want to pay Taxes so you need to fake the Invoice. The Invoice that Ytaopal sent you is not going to be accepted as such Invoices can easily be faked. So what do you send the Customs then? Just go to your Paypal recent activities and pick a Payment. Click F12 and edit the Date of the Transaction (to the Date your Parcel was Packed), the Worth (to your declared Value). Just take a Screenshot of your edited Transaction and upload it to DHL4You. You may need to call them and tell them you uploaded it afterwards. Sometimes they want the Proof of Worth for every single Item, just go to your Parcel on Ytaopal and F12 again. Change the Values of the Items to match the total worth of your Parcel and just send them this Screenshot too. There are probably Guides for declaration for your specific Countries on the Subreddit, just search them.
3. My Experiences with Ytaopal (+ compared to Superbuy)
In my Experience, Ytaopals Customer Support is the best I ever encountered. Big thanks to Alice and Shmily for helping me out with my Questions and Orders. As you can see in the Pics, I spammed them a little bit and they were very kind and never Rude. Remember Bois, always be nice to your Agent and Sellers, they are getting your Shit for you. The Emails I wrote to Ytaopal Imgur Here is a quick comparison between the 2 Agentservices:
- better QC Pics
- definetly worse QC pics
- more Personal, worse Website
- more automated, better Website
- uses their own Mind instead of just doing what you said
- does strictly what you said
- only Beijing-Time Support
- 24/7 Support
- fewer Workers, slower when there are more Parcels
- more Workers
As seen in the Table, Ytaopal is an Agent which requires you to Contact them a lot to manage your Shipments and Orders. That may be a bit complicated for newcommers, but gives experienced shoppers a lot more "customization". If you got any more Questions or anything, just write a Comment or send me Message, im glad to help.
In the past weeks I heard a lot pros and cons about IOTA, many of them I believe were not true (I'll explain better). I would like to start a serious discussion about IOTA and help people to get into it. Before that I'll contribute with what I know, most things that I will say will have a source link providing some base content.
The pros and cons that I heard a lot is listed below, I'll discuss the items marked with *. Pros
Many users claim that the network infinitely scales, that with more transactions on the network the faster it gets. This is not entirely true, that's why we are seeing the network getting congested (pending transactions) at the moment (12/2017). The network is composed by full-nodes (stores all transactions), each full-node is capable of sending transactions direct to the tangle. An arbitrary user can set a light-node (do not store all transactions, therefore a reduced size), but as it does not stores all transactions and can't decide if there are conflicting transactions (and other stuff) it needs to connect to a full-node (bitifinex node for example) and then request for the full-node to send a transaction to the tangle. The full-node acts like a bridge for a light-node user, the quantity of transactions at the same time that a full-node can push to the tangle is limited by its brandwidth. What happens at the moment is that there are few full-nodes, but more important than that is: the majority of users are connected to the same full-node basically. The full-node which is being used can't handle all the requested transactions by the light-nodes because of its brandwidth. If you are a light-node user and is experiencing slow transactions you need to manually select other node to get a better performance. Also, you need to verify that the minimum weight magnitude (difficulty of the Hashcash Proof of Work) is set to 14 at least. The network seems to be fine and it scales, but the steps an user has to make/know are not friendly-user at all. It's necessary to understand that the technology envolved is relative new and still in early development. Do not buy iota if you haven't read about the technology, there is a high chance of you losing your tokens because of various reasons and it will be your own fault. You can learn more about how IOTA works here. There are some upcoming solutions that will bring the user-experience to a new level, The UCL Wallet (expected to be released at this month, will talk about that soon and how it will help the network) and the Nelson CarrIOTA (this week) besides the official implementations to come in december.
We all know that currently (2017) IOTA depends on the coordinator because the network is still in its infancy and because of that it is considered centralized by the majority of users. The coordinator are several full-nodes scattered across the world run by the IOTA foundation. It creates periodic Milestones (zero value transactions which reference valid transactions) which are validated by the entire network. The coordinator sets the general direction for the tangle growth. Every node verifies that the coordinator is not breaking consensus rules by creating iotas out of thin air or approving double-spendings, nodes only tells other nodes about transactions that are valid, if the Coordinator starts issuing bad Milestones, nodes will reject them. The coordinator is optional since summer 2017, you can choose not implement it in your full-node, any talented programmer could replace Coo logic in IRI with Random Walk Monte Carlo logic and go without its milestones right now. A new kind of distributed coordinator is about to come and then, for the last, its completely removal. You can read more about the coordinator here and here.
These are blockchain-based cryptocurrencies (Bitcoin) that has miners to guarantee its security. Satoshi Nakamoto states several times in the Bitcoin whitepaper that "The system is secure as long as honest nodes collectively control more CPU power than any cooperating group of attacker nodes". We can see in Blockchain.info that nowadays half of the total hashpower in Bitcoin is controlled by 3 companies (maybe only 1 in the future?). Users must trust that these companies will behave honestly and will not use its 50%> hashpower to attack the network eventually. With all that said it's reasonable to consider the IOTA network more decentralized (even with the coordinator) than any mining-blockchain-based cryptocurrency You can see a comparison between DAG cryptocurrencies here
Some partnerships of IOTA foundation with big companies were well known even when they were not officialy published. Some few examples of confirmed partnerships are listed below, others cofirmed partnerships can be seem in the link Partnerships with big companies at the pros section.
So what's up with all alarming in social media about IOTA Foundation faking partnerships with big companies like Microsoft and Cisco? At Nov. 28th IOTA Foundation announced the Data Marketplace with 30+ companies participating. Basically it's a place for any entity sell data (huge applications, therefore many companies interested), at time of writing (11/12/2017) there is no API for common users, only companies in touch with IOTA Foundation can test it. A quote from Omkar Naik (Microsoft worker) depicted on the Data Marketplace blog post gave an idea that Microsoft was in a direct partnership with IOTA. Several news websites started writing headlines "Microsoft and IOTA launches" (The same news site claimed latter that IOTA lied about partnership with Microsoft) when instead Microsoft was just one of the many participants of the Data Marketplace. Even though it's not a direct partnership, IOTA and Microsoft are in close touch as seen in IOTA Microsoft and Bosch meetup december 12th, Microsoft IOTA meetup in Paris 14th and Microsoft Azure adds 5 new Blockchain partners (may 2016). If you join the IOTA Slack channel you'll find out that there are many others big companies in close touch with IOTA like BMW, Tesla and other companies. This means that right now there are devs of IOTA working directly with scientists of these companies to help them integrate IOTA on their developments even though there is no direct partnership published, I'll talk more about the use cases soon.
We are excited to partner with IOTA foundation and proud to be associated with its new data marketplace initiative... - Omkar Naik
IOTA's use cases
Every cryptocurrency is capable of being a way to exchange goods, you pay for something using the coin token and receive the product. Some of them are more popular or have faster transactions or anonymity while others offers better scalablity or user-friendness. But none of them (except IOTA) are capable of transactioning information with no costs (fee-less transactions), in an securely form (MAM) and being sure that the network will not be harmed when it gets more adopted (scales). These characteristics open the gates for several real world applications, you probably might have heard of Big Data and how data is so important nowadays.
Data sets grow rapidly - in part because they are increasingly gathered by cheap and numerous information-sensing Internet of things devices such as mobile devices, aerial (remote sensing), software logs, cameras, microphones, radio-frequency identification (RFID) readers and wireless sensor networks.
It’s just the beginning of the data period. Data is going to be so important for human life in the future. So we are now just starting. We are a big data company, but compared to tomorrow, we are nothing. - Jack Ma (Alibaba)
There are enormous quantities of wasted data, often over 99% is lost to the void, that could potentially contain extremely valuable information if allowed to flow freely in data streams that create an open and decentralized data lake that is accessible to any compensating party. Some of the biggest corporations of the world are purely digital like Google, Facebook and Amazon. Data/information market will be huge in the future and that's why there so many companies interested in what IOTA can offer. There are several real world use cases being developed at the moment, many of them if successful will revolutionize the world. You can check below a list of some of them.
Not having your wallet set up properly (min weight 14, etc.)
Problems that could be easily avoided with a better understand of the network/wallet or with a better wallet that could handle these issues. As I explained before, some problems during the "congestion" of the network could be simply resolved if stuff were more user-friendly, this causes many users storing their iotas on exchanges which is not safe either. The upcoming (dec 2017) UCL Wallet will solve most of these problems. It will switch between nodes automatically and auto-reattach transactions for example (besides other things). You can have full a overview of it here and here. Also, the upcoming Nelson CarrIOTA will help on automatic peer discovery for users setup their nodes more easily.
IOTA Vulnerability issue
On sept 7th 2017 a team from MIT reported a cryptographic issue on the hash function Curl. You can see the full response of IOTA members below.
Funds were never in danger as such scenarios depicted on the Neha's blogpost were not pratically possible and the arguments used on the blogpost had'nt fundamentals, all the history you can check by yourself on the responses. Later it was discovered that the whole Neha Narula's team were envolved in other concurrent cryptocurrency projects Currently IOTA uses the relatively hardware intensive NIST standard SHA-3/Keccak for crucial operations for maximal security. Curl is continuously being audited by more cryptographers and security experts. Recenlty IOTA Foundation hired Cybercrypt, the world leading lightweight cryptography and security company from Denmark to take the Curl cryptography to its next maturation phase.
It took me a couple of days to gather the informations presented, I wanted it to make easier for people who want to get into it. It might probably have some mistakes so please correct me if I said something wrong. Here are some useful links for the community.
This is my IOTA donation address, in case someone wants to donate I will be very thankful. I truly believe in this project's potential. I9YGQVMWDYZBLHGKMTLBTAFBIQHGLYGSAGLJEZIV9OKWZSHIYRDSDPQQLTIEQEUSYZWUGGFHGQJLVYKOBWAYPTTGCX
This is a donation address, if you want to do the same you might pay attention to some important details:
Create a seed for only donation purposes.
Generate a address and publish it for everyone.
If you spend any iota you must attach a new address to the tangle and refresh your donation address published before to everyone.
If someone sends iota to your previous donation address after you have spent from it you will probably lose the funds that were sent to that specific address.
You can visualize how addresses work in IOTA here and here.
This happens because IOTA uses Winternitz one-time signature to become quantum resistent. Every time you spend iota from a address, part of the private key of that specific address is revealed. This makes easier for attackers to steal that address balance. Attackers can search if an address has been reused on the tangle explorer and try to brute force the private key since they already know part of it.
What does the portfolio look like from someone who mined his first bitcoins in 2011. I'll show you.
I mined my first bitcoin in 2011. Chances are, Ive been in crypto longer than you. I probably have more than you. But what I dont have, and never had, is a crystal ball. So Ive spent bitcoins on trivia when they where worth $5. I have given away enough bitcoin and cascacius coins to buy a house with today. I was soundly asleep when ethereum launched. I was late to recognise that not all altcoins where quite as pointless as the ones that where launched when I mined. For a long time, Ive grossly underestimated the gullibility of people new to crypto. Thats why despite having mined bitcoins in the GPU era, Im not a bazillionaire. Yet :). Anyway, with that disclaimer out of the way, lets see what I have in portfolio now. ~25% in fiat. Yes. Eeck. Blasphemy. I played it safe. I took profits. I keep fiat at hand to be able to buy dips. Bonus effect: each time the market goes down, I put Delta to show my portfolio in BTC, and then it goes up :) ~25% in bitcoin Bitcoin is still the gold standard in crypto. Nothing else is even remotely as secure or battle tested. The protocol is simple (compared to most), the code and game theory behind it extremely well researched and it has resisted massive coordinated attacks for almost 10 years now. Its not perfect, its far from finished. We all know what it cant do (yet). But its developers do not compromise on security or decentralisation to achieve goals like low fees or fast transactions. Instead, the brightest minds in crypto innovate and develop layer 2 and layer 3 scaling solutions, without compromising the base layer. I like that approach. A lot. Its much more important to do it right than to do it quickly. So why hold on to bitcoin? In the long run, I dont believe there will be 100s or thousands of significant public blockchains. There wil be tens of thousands of tokens and dapps, but I think they will converge on a very small number of secure, proven blockchains that will act like as their baselayer. Much like TCPIP for the internet. That cant happen before we solve scalability, so this migration is still years away. But when it happens, chances are very high bitcoin and/or ethereum will be among those precious few de facto standard base layers. 20% Waltonchain. This is my largest altcoin investment to date. A blockchain solution for the supply chain, tightly integrating RFID. Its in many ways comparable with VEN, which was my previous largest (and one of my better) altcoin gambles. But Ive been converting my VEN profits slowly in to WTC tokens, because I think its actually a better bet. Having their own RFID tags and readers gives it some abilities that a software-only solution cant match. I like the team (a lot), I like the fact its not (yet) being shilled and hyped in to oblivion. I particularly like the much lower market cap compared to VEN now. Im not a great fan of masternode PoS mining for securing a network, but there is no denying this approach is great for creating token holder value. I can see this go x10 in a short time. 10% ethereum I used to have a far larger % in ethereum, for all the obvious reasons I dont think I need to explain. Ive taken my profits on ethereum recently, simply because it went parabolic. I expect to increase my stake in ethereum this year, Im just waiting for some buying opportunities, or selling opportunities for of my other tokens. 5% Monero I think this also needs little explanation. If anything, Id need to explain why I dont own more monero. You guessed it, I recently took profits, and Im waiting for an opportunity to buy more. 5% iExec RLC There are many blockchains and tokens tackling the distributed computing market. Siacoin, golem, ... I think RLC's approach is more universal, flexible and potentially can solve the same problems that all the other tokens target individually. I like it runs on ethereum, not its own private chain. The team is super impressive and the valuation low compared to almost everything else on CMC. Its not even top 100. 2% SophiaTX I wanted some exposure to ERP/blockchain integration, because along with supply chain management and distributed computing, this is one of the more obvious blockchain applications. SPHTX seemed like a good choice. Very focused on this particular (gigantic) market and you probably never heard of it. 2% Modum Another supply chain solution, but what sets modum apart, is that it is a real company with a real product solving a real problem in the real economy with actually deployed blockchain technology! How rare is that? If nothing else, modum proves that blockchain isnt just hype and bubbles. Their focus is currently rather narrow (temperature monitoring for drug transport), but I like that, and the same technology can be deployed much wider. If ever you need to explain to someone what real world problems decentralised blockchains can solve, this is a good example. 1% blockpool Not gonna lie, this is just a gamble. I wanted a (really) low cap investment. Someone convinced me to try BPL, I only glanced at it. So far, it hasnt worked out brilliantly yet :). 1% OAX Decentralised exchanges are the future, I am convinced of that. Now if OAX as a token makes a lot of sense, I honestly cant say. Once again, I didnt research this very much, I just saw a small cap token targeting a market I think will explode. Will this token? No idea. 1% QTUM QTUM is one of the more credible challengers to ethereum. I far prefer it over NEO's extremely centralised politburo approach. This used to be far more than 1% of my portfolio, but Ive taken my profits as I think its current valuation is not unreasonable compared to the competition. The 1% remaining is just for FOMO. 1% Aeternity I bought this mostly because of the low power, memory bound proof of work consensus algorithm. Im convinced nothing will ever be as secure as proof of work, but Im also not blind to its downsides. Aeternity could combine the best of both worlds, providing similar security without the energy requirements and without all the downsides of PoS. Will it work and be as secure as SHA hashing? I dont know, but as I understand, their PoW algorithm is comparable to the travelling salesman problem, which is one of the most researched problems in computer science. 0.5% Nimiq Another tiny market cap gamble that I thought might appeal to crypto noobs. I dont particularly believe this has any long term prospects whatsoever, and saying that probably wont help :). The rest I have is dust, leftovers, and tiny fomo positions. Including bytom, iota, ink, humaniq, raiblocks, mywish, tierion and GVT. A few notable coins Ive had, but no longer have in portfolio: Zcash. During the recent rally, I needed to rebalance my portfolio towards fiat and I had zcash and monero at hand on Kraken, so I sold those. I plan to buy in again at some point. Cardano. its certainly a very interesting and promising project. I bought it low, sold it at 10x. It went way higher than that. The current valuation makes no sense to me for something so unproven. Basic Attention Token. Sold them recently to take profits. Current valuation seems high-ish to me, but still a token to keep an eye on. Ripple. Yes, I have owned ripple. Well, I got the first ones free when they launched, and sold those ages ago. But I bought in again recently because I assumed it would appeal to newbies that just got in to crypto and saw this fraction-of-a-dollar "crypto" that works instantly and with no fees and with all the banking relations. That assumption paid off handsomely. Took my profits, felt dirty, wont touch it with a ten foot pole anymore. Neo/antshares. I bought this when it was still called antshares. Right now, its a glorified database application that could just as well be run on an oracle database and be 10x faster and more robust. Their plan to decentralise seems to be handpicking bookkeeper candidates that Neo holders can then vote for. You know, like people can vote for handpicked political candidates in china. The actual voting algorithm is also extremely suspect to game theory attacks, if ever they drop the authoritarian approach. Im sure the Chinese government loves Neo though. Never been easier to take control over a blockchain. With the constant news of governments beginning to crack down on crypto, I hope and expect ICO's come to see the danger of this, and select more decentralised open blockchains to run their dapps on.
What's the craic. It's been a long time since I've written anything and I haven't really felt the need to to be honest and I'm not going to force it and write crap just for the sake of it. Anyway, I think the last time I wrote anything I was in Faro, waiting to head on to Lagos for my brothers stag do so i'll do a brief summary of what's happened since then. Lagos was sweet, we rented a huge villa (Vila Boavista) with about 8 bedrooms, a pool and a maid. After coming home I began full-time work as a gardener on 4th June 2019 to save up some money over summer. Brother one got married 1st June. I then went on my second brothers stag in July, this time to Lisbon. Another cracking trip. Brother two got married 10th August. I started my Masters in Sport and Exercise Psychology in September and am currently about half way through. My girlfriend started her LPC in Manchester and is working flat out so we see each other roughly every 3rd weekend. I've also gotten really into bitcoin and learning about macro economics which is my new fun fact. How dull lol Anyway now your caught up, on to what I wanted to focus on for this post. I've been thinking more and more about how I want to develop professionally and what areas of work i'm interested in. I have mixed feelings toward sports psychology. To me, the opportunity to research into the impacts of sport and exercise for physical and mental health seems much more enticing than the opportunity to develop athlete performance. Don't get me wrong, working with athletes would be cool for a time, but I think for me to feel like I'm really making a difference in the world, I'd like to explore the science of psychology and develop my own area of expertise via research/producing published works etc. I think if I were to get a job that is geared towards performance enhancement in sport, I would be doing something I don't have huge amounts of respect for. Yes it is interesting; the results that psychology can have in that area, but for me that's where it stops. It's interesting but not meaningful. It also concerns me that the average salary of a sports psychologist mightn't be enormous and to work with elite athletes or organisations that will pay you more you need years of experience and an impressive reputation. Naturally, there is also the opportunity to work with athletes on their mental health from a well-being perspective rather than a performance-orientated one. For example, transitioning out of sport can be an incredibly challenging time for athletes who perhaps suffer from identity foreclosure and struggle to adapt to life after sport. Again though, I think to do this there is more of a focus on use of existing research to help a small portion of the general population. I would rather focus on conducting new research to help a much broader range of people e.g. sports, children, older adults etc. On the flip side, how physical activity can positively impact all areas of your health is something I think is under-valued, under-researched and under-used. I have always had a keen interest in physical activity and I feel like I'm willing to push myself harder than most when it comes to exercise. I have experienced the physical and mental benefits of exercise and I want to work with other people to do the same. I would love to work as a health psychologist and design effective interventions for improving cognitive function and well-being throughout the lifetime. One of my main motivations to do this comes from my Grandmother, who unfortunately suffered from Alzheimers towards the end of her life. It was cripplingly sad to see her slowly lose all her memories. If I were able to conduct research into how sport and exercise can slow or delay this process, I think I'd feel like I've made a difference in the world. I think this stance comes from an eudiamonically-orientated belief about our well-being. I align with eudaimonism and the belief that our lives have no pre-determined meaning. At birth, our sense of self is empty. A blank canvas upon which to draw. Our lives gain meaning according to the people we encounter and experiences we have along the way. In other words, we are not born with a destiny to fulfill, nor do we have inherited passions or goals. Our goals are born of experience. Our well-being is experienced subjectively; mediated by the dissonance between who we are and who we ought to be. My current understanding is that for me to truly experience well-being, I need to work towards making my mark in the world. Making it a better place for others. And making some money along the way. My next course of action, I think, is to apply for PhD's. This in itself is difficult as they are competitive and very few are funded. Without the funding, it would be impossible for me to afford it so I need to really work hard for the remainder of this year and learn as much as I possibly can to give myself the best chance. I am actually loving the sense of direction I have had since becoming a student again. New Zealand was fun and I wouldn't change it for the world, but it's a superficial happiness in the grand scheme of things. Travelling is essential to becoming a well-rounded individual and it's fantastic when you get the opportunity to do it. But there has to be something more, a greater purpose in life or a greater goal to strive towards. I dont actually think I covered any of what I intended to in this blog. I had planned on delving into health and talking about the different elements. I think I will start doing that at some stage. I'd like to document my ideas about how people can improve their health, explain how to do things in the gym, hypertrophey, power lifting, bodybuilding; how to incorporate psychology such as mindfulness, self-talk, autonomy, relatedness, visualisation; The health benefits, blood pressure, bone strength, cognitive functioning, mood, optimism. Everything. I think that would be best as a series so maybe when I do that I'll start something other than "The Rambling Optimist". I think this would tie in well with getting my personal trainers qualifications, which im still contemplating doing by the way. Anyway, I'll leave things there as I need to get on with some work. Deadlines on deadlines on deadlines coming up. Wish me luck. Peace.
A lot of people have been asking about how to play the halving so Im gonna talk about my personal strategy and how the halving effects price in hopes that people will be able to create their own strategies. Here is a post I made a month ago talking about how the halving effects price, in my opinion: https://www.reddit.com/LitecoinMarkets/comments/bmfb9p/daily_discussion_thursday_may_09_2019/emyek8k?utm_medium=android_app&utm_source=share Strategy: My strategy for how I am going to play the halving is based on previous market cycles and general psychology of fundamental driven price action. In this post I made in February I explained the previous market cycle and how the current cycle, thus far, has done an almost identical job following the previous cycle: https://www.reddit.com/LitecoinMarkets/comments/ay8wd5/daily_discussion_thursday_march_07_2019/ei00cxz?utm_medium=android_app&utm_source=share For me personally 180 has been the target since I posted this. Since we broke into the uptrend, I've been saying that buying the dip is the best strategy. This is because in an uptrend, it is easier to DCA and buy the dips then it is to time the market. So I have been buying every dip since the uptrend began, which for me, was the golden cross and higher high above 50. 180 is my target because it is a strong resistance level on it's own as it is local high that was made in 2018 and is a 50% fibonacci level. Not only this, but it would also follow the the percentage gain from bottom that we saw in 2015 going into the halving as I explained in the post above. If LTC gets to within 10% of this level I will be taking profits and reducing my holding about 50% going into the halving/After halving. This is not because I don't belive in Litecoin long term, Litecoin and Bitcoin are the only two coins that have fundamental and long term value, in my opinion. I am doing this because I believe strongly that the price will correct significantly after the halving just as it had prior. I know it is contradictory to what I said above about timing the market, but I have a decent amount of profits on the table and the risk/reward for me at 180 favors taking profits. I have this belief because of the previous cycle Litecoin has had and because of market psychology. The term "Buy the rumor and sell the news" is something that many traders/investors should understand. As I stated in my halving pump post above, halving pumps can be driven by speculators speculating on the price going up because of the halving. This is the Buy the rumor phase. Once the halving happens, there is no longer a fundamental driver to speculate on so sellers take control of the market, this is the Sell the news phase. If you look through out the history of markets, predominantly crypto markets, the theory of "Buy the rumor sell the news " has been extremely evident. The Bitocin Futures release in 2017 is one of the best examples of this. Using this logic I believe we will see a strong correction post or around the halving. So for me, selling very close to or right after halving is good way to preserve profits and increase my stack. Once selling, I will be pyramiding my buys starting around 120 and will increase my buys the lower we go. In my opinion, I think we are in very beginning phases of a bull market so lower prices are welcome. The only level that would frighten me would be less than 50. If the price does not correct and I am wrong, I will buy back at a coin loss above 200. If you feel like you dont want to take the risk of losing coins, buying the dip without selling is still a strong strategy, especially because market structure is showing a bull market ahead, in my opinion TLDR: 180 is my target going into halving based on the previous Litecoin cycle. Based on market psychology and previous cycles, I believe there will a significant correction at this level. I will be selling here to persevere profits and buy lower. Buying the dip is still a good strategy though. Let me know how y'all feel about this strategy or if you have different strategies!
Game Theory: Vin Armani on the machinations of Calvin Ayre
There's a fascinating discussion developing on twitter around a thread Vin Armani is writing in response to a number of Bitcoin Cash figures. The discussion is about the nature of the game that Calvin Ayre is playing. What's Bitcoin SV's motives? Armani thinks it's about taking control of Bitcoin Cash, no matter the costs. And they are willing to mine at a loss for 2 years, or destroy Bitcoin Cash's market value in the process. Here are some highlights. Keep in mind that I'm skipping a lot and altering the order. Keen to hear people's thoughts. 1)
I figured out back in June that they were trying to split the chain for some reason. It's what made Craig block me (and abandon that particular plan). I didn't fully understand the strategy until now. Now it makes sense.
Ignore Craig. Don't focus on Craig. That's what Calvin wants you to do. That's why he puts Craig out front, because Craig is a blowhard and half of what he says is nonsense. Craig is NOT a poke player.
Craig is Calvin's employee. If you read the reports from the time, it was Calvin who pushed the whole "Craig is Satoshi" narrative. He funded the operation. If Calvin wanted Craig to stop behaving as he is, he could stop him with a single word.
And you believe that Calvin is a desperate criminal? That's fine to believe, but I don't think that is an accurate reflection of reality. I have spent time with the man. He is highly intelligent, calm, and calculating.
Now we are on the same page. And now you are on the same page as Calvin and Craig. Read the last sentence: @CalvinAyre: "Training mind and body for the world’s first #Bitcoin hash war. With the minds of miners now opened to Miners Choice and Nakamoto Consensus, I now believe that hash war will be the new norm. Winning will now be defined by who can take long term pain in protection of your values"
I've been trying to explain this November 15th isn't a BCH "hash war," it's a war for the hearts and minds of exchanges. If an exchange is only running nodes of a particular implementation (say ABC), depositing coins mined from SV post-split coinbase will be impossible. Chain unfollowed by exchanges = worthless
During this event, half of CoinGeek's hash will be running ABC. You can only attack the chain if you are running the software mining that chain. Right now, CoinGeek has 45-50% of total active BCH hash rate. Who knows how much they are planning to rent for battle.
They are betting that it won't take "infinite money." It probably wouldn't takeore than a few weeks of a completely unreliable networkfor exchanges to indefinitely halt trading and the price to effectively crash to pennies. Their bet is the other side will capitulate before that
Those exchanges have a fiduciary duty to their depositors to be able to have reliable withdrawals and deposits. That requires pointing their services at nodes with a ledger that is not being constantly reorg'd.
The power on the other side is fundamentally Bitmain. They are in the middle of a huge IPO and their valuation is based, in no small measure on their massive holdings of BCH. They cannot afford to fight & diminish the value of their holdings at this time. It could derail the IPO.
The distributed community will prevail in the long term. That doesn't mean it will win every battle. It doesn't mean that BCH will survive this. Bitcoin will survive. Part of why the distributed community survives is because a network can die without killing Bitcoin.
[…] if this attack is successful, it'll redefine the entire crypto landscape and possibly destroy the value proposition of all coins, until another genius arises much later and come up with a better consensus and social system.
It's much more complicated game, because it's not a game. Much more is at stake here, we're talking about taking over a multi-billion ($8B-$200B) dollars real world industry with the outcome of becoming the next Bitmain. Things will not go smooth & be simple, it's geopolitics.
Most of you probably know what happened between moe and cs go diamonds so i will not explain it. If you dont just google "moe cs go diamonds". I wonder why there is no reaction of twitch, i mean he used their plattform to advertise this website. Maybe they need some evidence but in my opinion there are more then plenty in the posts both sides made. For example Moe said on twitter he had 26000 diamonds he tried to withdraw, diamonds he won with the knowledge of the future coin flips. He wanted to withdraw money won from users of the site, so there are definitely people who were cheated on. You can find his twitter post here: https://twitter.com/m0E_tv/status/742117097765933056 On another twitter post he admitted that he got "the rolls before they happen."Cs go diamonds did this multiple times even with him saying not to. But as you can see on the skype conversation he had with an admin of cs go diamonds he asked for the future lists. So it was a lie. You can find the twitter post here: https://twitter.com/m0E_tv/status/742435274370613249 And the skype conversation here: https://pbs.twimg.com/media/Ck6fFDCWgAAmkfG.png Cs go diamonds said it is "provably fair" because you cant manipulate the future rolls. But if you know the future rolls there is no need in manipulating them. Imagine lotto where you know the future numbers, there is no point in changing them. So im wondering why there are no consequences from twitch's side. These gaming sites are intransparent and most likely all fraud but it is still allowed to advertise them. I realy hope there is a chance to get a response from an official side or from some streamers. It is also most likely most of the skins deposit on these websites are gone forever. For Example shroud had around 81000 $ on cs go wild but i dont think there are that many skins to withdraw (Im not entirely sure because im not registered on the site) Further he is only 1 of many with such balance. So my assumption is most of the gambling sites sold the skins to pay for sponsorships and their overall costs. As you can see on the skype conversation between moe and cs go diamonds they paid him 7435.9$ and 9537.04$ for his sponsorship. These are 10% of their total earnings. Following this they made 74359$ and 95370$ dollar in the last months and are also able to pay moe a buy out with 75000 (In Bitcoins, the IRS would probably be interested in also) As i see it it is probably a pyramid scheme. At last maybe for the streamers. You have this huge opportunity to be part of something new and of big changes. You shouldnt forget that you are responsible for you behaviour to your audience. Imagine a superbowl add about investing in the pyramid scheme of Bernard Madoff. Ps: If you watch the video of moe and his girlfriend winning 54000$ it is kinda obivous he was using these knowledge. He was down on 3900$ and put all on green. His girlfriend randomly comes in to scream with him as soon as he won. It could be a coincidence but the chances for this to happen are very low. I mean how often did you see his girlfriend on stream? This is not an evidence but kinda odd. Since there are so many post with questions i thought it is necessery to update and try to answer some of the most frequent one. I had no idea what i let lose but im glad so many of you feel the same as i do. Yes, it was my first post. Im normaly an introvert guy who doesnt post anything on the internet. But what bothered me is that someone could pull something like this off, get paid 95000$ and doesnt have to fear any consequences. Further i tried to refer to most sources i mentioned, so it doesnt matter if it is my first post or not, you can read everything for yourself and make your conclusions. Im not sure if valve is responsible. Assume the skins are like your car. You can do whatever you like because its your property, so you can also use it to bet.. I think twitch is responsible. TV Broadcasters are also responsible for the ads they broadcast but im actually not sure. I dont hate moe. He is kinda entertaining, you can compare him to gordon ramsay which a lot people like and watch. They are acting closely the same. But that doenst mean anything. Imagine Kate Middleton, who is for a lot of people probably one of the nicest people on earth, tricks people into a pyramid scheme. Shouldnt she be punished like everyone else should? Also a lot of people compared the deposit and withdraw system to a bank. A bank is transparent (at least in parts) and regulated from public authoritys. The money you deposit is used for all sorts of credits for consumer and companies. They pay their bills with the interests they make with them. I know a normal bank does a lot more to earn money but thats one of their main incomes. Many think he didnt benefit from knowing the future numbers. Thats partly right. He doesnt win directly by playing against others. But imagine a roulette game with 1 guy at the table who is partnered with the owner . He can win for the owner against people who doenst know anything about the partnership. On a regular roulette table without the green it is a 50/50 chance to win, it is mathematicaly a fair game because the expectancy value is 0. The players pay for the others, it is in balance, but not if there is one guy who know the future rolls. I think thats the reason why cs go diamonds didnt allow him to withdraw skins. Sassanian mentioned it is a Ponzi Scheme and i think he is right, thank you. I know a lot of streamer advertise different betting sites and i didnt mention anyone else beside moe. The point is he made a part public of what is happening behind those sites public and also used informations from the admin. There are no evidences of other streamers doing the same. (Cant believe he made a fraud public he was involved in, he doesnt seem stupid, but that definitely is. Maybe he was greedy or had one of his rage moments) On cs go diamdonds are also no informations of how they make that much money. I mean on regular roulete there is green on which the bank wins but thats not the case at cs go diamonds as far as i know. I didnt find a deposit fee or anything like it ( Just Imagine there is such a fee at 1%. As i mentioned they made 95370$ (i dont know if moe got 10% or 20% of that so the number may differ) in one month. I refer to the twitter post of cs diamonds which you can find here: https://twitter.com/CSGO_Diamonds/status/742706689913262080 With such a fee there would be 9.537.000 $ of skins deposit in one month. Thats hard to believe) If someone knows more feel free to post any information you can refer to. You can find an article about it here: http://www.hltv.org/blog/12005-csgodiamonds-fraud-the-reason-why-sites-like-this-should-be-blockedhttp://www.esportsbettingreport.com/csgo-diamonds-skin-betting-m0e/http://americanbettingsite.com/2016/csgo-diamonds-scamming/ Statements of both parties are on their twitter accounts: https://twitter.com/csgo_diamonds post from June 14 https://twitter.com/m0E_tv posts from June 13 Thank you guys for the support. I started a new thread about betting sites and their earnings in general. If you are interested you can find it here: https://redd.it/4ow3fe
Newbs might not know this, but bitcoin recently came out of an intense internal drama. Between July 2015 and August 2017 bitcoin was attacked by external forces who were hoping to destroy the very properties that made bitcoin valuable in the first place. This culminated in the creation of segwit and the UASF (user activated soft fork) movement. The UASF was successful, segwit was added to bitcoin and with that the anti-decentralization side left bitcoin altogether and created their own altcoin called bcash. Bitcoin's price was $2500, soon after segwit was activated the price doubled to $5000 and continued rising until a top of $20000 before correcting to where we are today. During this drama, I took time away from writing open source code to help educate and argue on reddit, twitter and other social media. I came up with a reading list for quickly copypasting things. It may be interesting today for newbs or anyone who wants a history lesson on what exactly happened during those two years when bitcoin's very existence as a decentralized low-trust currency was questioned. Now the fight has essentially been won, I try not to comment on reddit that much anymore. There's nothing left to do except wait for Lightning and similar tech to become mature (or better yet, help code it and test it) In this thread you can learn about block sizes, latency, decentralization, segwit, ASICBOOST, lightning network and all the other issues that were debated endlessly for over two years. So when someone tries to get you to invest in bcash, remind them of the time they supported Bitcoin Unlimited. For more threads like this see UASF
What's bitcoin? It's a fungible unit of value exchange backed by computer processing power and cryptographic proof-of-work. It's a what now? It's kind of like money powered by computers. What's so special about that? Bitcoin is the first viable form of electronic money that doesn't require a trusted third-party to function. There you go again… by Nik Custodio Explain Bitcoin Like I’m Five If you still can’t figure out what the heck a bitcoin is… We’re sitting on a park bench. It’s a great day. I have one apple with me. I give it to you. You now have one apple and I have zero. That was simple, right? Let’s look closely at what happened: My apple was physically put into your hand. Explain Bitcoin Like I’m Five. If you still can’t figure out what the heck a bitcoin is… Nik Custodio. Follow. Dec 12, 2013 · 6 min read. We’re sitting on a park bench. It’s a great day ... Ultimately, the value of a bitcoin is determined by what people will pay for it. In this way, there's a similarity to how stocks are priced. In this way, there's a similarity to how stocks are priced. ELI5 Bitcoin – Explain Bitcoin Like I’m Five. Let’s just say there’s you and me in a room, and I hand you a dollar. I gave the dollar to you, and now you have it and I don’t. We didn’t need anybody else to verify the transaction, and I can’t take it back unless you give me it back. That dollar is yours now to do whatever you like with it. But let’s say we have a digital dollar ...
Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. Bitcoin Explain Like I'm 5 In this video I explain bitcoin 'like I'm 5'. I break the subject down simply and explain using apples the concept of bitcoin as if you were 5 years old. Start trading Bitcoin and cryptocurrency here: http://bit.ly/2Vptr2X Bitcoin is the first decentralized digital currency. All Bitcoin transactions are docume... Bitcoin entered mainstream circulation in 2009, but it was in the spring of 2013 that its value started to rise significantly, reaching just under $1,000 late that year. In 2017, its price soared ... To read more with regards to Bitcoin wallet card, litecoin wallet card, please visit website the following: http://www.cryptocoinwalletcards.com/ Tags: asic ...