5 Ways to Buy Bitcoin Without Verification or ID Anonymously
5 Ways to Buy Bitcoin Without Verification or ID Anonymously
38 Best Crypto Exchanges Without KYC Verification in 2020!
The Top Cryptocurrency Exchanges - Unbiased Crypto News
Easy ways to buy Bitcoin without ID verification | Finder
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Creating A Crypto Exchange With No Photo ID (need your opinion)
Hello, recently I tried buying bitcoin from a cryptocurrency exchange called coinoco. The exchange claimed that I could buy bitcoin without any kyc verification. Needless to say that this "exchange" is a fraud and they scammed me. I ended up getting my money back, but the experience made me want to actually create a crypto exchange that does not require ID. I have ID and I am registered with binance and coinbase, but I just wanted to see if there was any exchange that does not require it in 2020 and sadly their isn't. When I say there are no exchange that don't require kyc, I mean that there are no exchanges that accepts credit/debit cards with no kyc. Localbitcoin and similar services sell bitcoin for too high of a price, you can't really use your debit card directly. You can use like PayPal, but more sellers want you to be KYC with PayPal so what's the difference. My vision is to create a crypto exchange where people all over the world can buy bitcoin using their debit cards and they will not need to send me their ID. I know why KYC is a thing, it's because of international KYC and AML laws. I think I found a way around this. So for my exchange project I am working on users will need to submit a selfie of themselves doing a particular pose. Once the selfie is taken I will verify your account and you can buy bitcoin, eth, xrp or any crypto I list. Once you make the purchase I will than ship the crypto to your house. By this I mean, I will write on a piece of paper the steps you need to take to receive your crypto. I am thinking about using binance as a service, buying 500 BNB tokens to lower my fees and buying the cryptos off of binance and just creating other exchange accounts where I can send the crypto to that exchange account. Once the crypto is on that exchange account I will write down the username and pw of that account on a piece of paper and ship it to the person and he will than have access to his crypto. Why do I need to ship it? Shipping would relieve me of the KYC and AML laws, this is why I won't need your proof of address or ID (It will also help with chargeback claims). The shipping, using USPS, should take no more than 1- 3 days since it's just a piece of paper in an envelope. I know there are a lot of people world wide without ID or bank accounts (This is why I may also do a variety of payment methods like western union, cam pay, etc.) so I believe my service would be useful to them. I was wondering what you guys opinion on this is. I am also scared that their might be any legal issues.
What's all this GS1 FUD.... some insight and questions
I decided to make a proper post about the recent questions around GS1 and whether Vechain should or should not be adopting the protocol within Toolchain for developers. Firstly, important to note that i do not have any insight into Vechain's customer base and conversation there. Nor am i a developer so don't have in depth knowledge of Toolchain's ability. This post is about what i know about GS1 and how it applies functionally and logically in business settings.. For some background.. about me I have 2 branded companies as below. Both of these make use of GS1 in that they both use barcodes just like you see the world over. For one of the companies i have made use of their full supply chain standard GS1-128 which is used for all the behind the scenes stuff. I have dealt with big retailers all over Europe (Saiunsbury's, Lidl Germany, SOK Finland), and my supply chain stretches over to the far east. www.eatgrub.co.uk (7 years old) www.showerblocks.com (launching in a few weeks)
Firstly let's boil down what GS1 is.
GS1 is a protocol that allows businesses to exchange data in product flow using a common set of standards. These data points can simply be product identification, but then more complexly boil down to batch data, pallet contents, destination and source. They key thing is that it's about the movement of goods, NOT what goes into making a particular good. However... as you can imagine the things that go into making a good, are also goods themselves. GS1 barcodes are what allow you to scan your product through the till, and it know what product it is and charge you accordingly. That action will also update internal data such as sales and inventory. GS1 is something that is controlled by all the big retail players. It will always be a key layer of retail. Those standards are going to be expanded on and improved rather than replaced. https://www.gs1.org/about/management-board
SSCC — This is really important. This code is a one-off code that is generated only within my GS1 account. I tell it what number SSCC code it will be for me using some predefined parameters, it will then combine that number with my location number, and then use an algorithm to create a checksum number. Each SSCC number is only to be used on one pallet or container, so for a 6-pallet shipment, I’d have 6 different numbers. Each pallet’s contents as a result would be tied to the SSCC number, making it easier to track within a warehouse, or if it is sent onwards to another destination. My business is too small to have a special stock management and tracking system (ERP), so I have a simple spreadsheet that I keep all this info on too just in case I have to refer to it in the future.
Content — This is simply the barcode of the product that I’m sending. You’ll notice that my barcode does not match my location prefix, but that is because we were quite new to using GS1 at the time. This now matches at my end.
This is the batch code of the product. If there’s a problem with it, it can be used to speak with the manufacturer of our product, and they in turn and trace the ingredients back to source. Or if you owned the whole supply chain you would be able to track it back even quicker... just with that one piece of data, especially if you had combined all your farming/story data with this data.
Best before date on packaging.
Weight of the pallet.
You will notice on all the barcodes there are numbers within ( ) — This is how the standard is formed. Each number within the barcode represents a different piece of data — so, in this example (10) is the batch code. Every member of GS1 will use these same ( ) formats and across the board the numbers will always mean the same thing. If you think that most companies in the food product and healthcare industry are GS1 members, then you can see that any new solutions need to have some kind of conformity to this already excellent system if they want to add value to companies.
Now this example I’ve given really is the most basic of use cases. Just think about the complexity for the healthcare industry or for distributors dealing with many different companies’ products.
But Vechain doesn't have this standard :(
Ok firstly it's important to note. GS1 data has a very specific function. It allows companies to keep a track of their goods going into retail or wholesale and know who gets what batch. It means warehouses all use the same data format so the transferral of goods is easy and uniform. It means it makes recalling bad batches easier etc. It doesn't allow for any other functionality such as provenance proof, or authenticity security. GS1 barcodes are however easily forged, you just need the number and then you can generate the barcode for free pretty much anywhere. Most GS1 inputs could be modified by an unscrupulous company after a critical event too, so it's certainly not what you'd call secure. The framework however is not going anywhere. However that does not mean that there are not many industries and parts of the supply chain in NA that Vechain isn't perfect for. -------------------------- Now that i've addressed some facts, i'm going to put in some opinions/challenges either way. The line above is the line between fact and opinion so please digest accordingly.
Vechain have build the single best tool for business implementation of blockchain tools in the world
Developer level building blocks to create bespoke solutions is unheard of
Evidenced by PWC's onboarding of Walmart China, DNVGL's development of MyCare etc
Other companies such as Foodgates are also implementing using Toolchain
The removal of the need to handle crypto is groundbreaking
2) Vechain are missing a trick not implementing GS1
Even if your customers are not requesting it, the simple fact that it exists as the sole interlinking supply chain protocol used worldwide makes it a no brainer to be able to adopt the dataset format easily
The above is what i asked them in July as it goes.
Why make customers do extra work. It's a string to the bow, especially in supply chain
3) GS1 doesn't matter for Vechain to implement
Not all supply chain data is needed to interlink Vechain's customer data. It can simply be a batch number and SKU code and it will do most of the job.
Customers can easily implement it into their own development if they really need it
Vechain aren't trying to replicate GS1 on the blockchain
Hopefully this all firstly clarifies what GS1 actually is, and also helps people to see both sides of the coin in terms of necessity. My personal feeling is that it should be implemented in the Toolchain layer at some stage. Making life more complex for your customers doesn't make sense, even if they haven't asked you for it yet... the fact is none of them asked for blockchain until we started trying to sell solutions. Edit For those of you wondering whether GS1 can deal with QR and RfID there's some useful links below. https://www.gs1us.org/DesktopModules/Bring2mind/DMX/Download.aspx?Command=Core_Download&EntryId=169 https://www.gs1.org/standards/epc-rfid Update. I decided to dig in further on GS1 today to update myself on technological developments. I actually now think it's imperative to adopt the GS1 standard due to their updated developments. GS1 have just upgraded their consumer barcode format to be able to include Digital Link barcodes. What's that?
They're in the format of QR codes so can contain a lot more data
They add in all the functional ability that Vechain are currently making so Vechain are already ahead of the game in having a ready to go solution.
This means that customers can use 1 barcode to have both GS1 data and all the story and traceability information. A huge development.
You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments. It all started with the release of the release of Satoshi Nakamoto's whitepaper however that will probably go over the head of most readers so we recommend the following videos for a good starting point for understanding how bitcoin works and a little about its long term potential:
Limited Supply - There will only ever be 21,000,000 bitcoins created and they are issued in a predictable fashion, you can view the inflation schedule here. Once they are all issued Bitcoin will be truly deflationary. The halving countdown can be found here.
Open source - Bitcoin code is fully auditable. You can read the source code yourself here.
Accountable - The public ledger is transparent, all transactions are seen by everyone.
Decentralized - Bitcoin is globally distributed across thousands of nodes with no single point of failure and as such can't be shut down similar to how Bittorrent works. You can even run a node on a Raspberry Pi.
Censorship resistant - No one can prevent you from interacting with the bitcoin network and no one can censor, alter or block transactions that they disagree with, see Operation Chokepoint.
Push system - There are no chargebacks in bitcoin because only the person who owns the address where the bitcoins reside has the authority to move them.
Low fee scaling - On chain transaction fees depend on network demand and how much priority you wish to assign to the transaction. Most wallets calculate on chain fees automatically but you can view current fees here and mempool activity here. On chain fees may rise occasionally due to network demand, however instant micropayments that do not require confirmations are happening via the Lightning Network, a second layer scaling solution currently rolling out on the Bitcoin mainnet.
Borderless - No country can stop it from going in/out, even in areas currently unserved by traditional banking as the ledger is globally distributed.
Portable - Bitcoins are digital so they are easier to move than cash or gold. They can even be transported by simply memorizing a string of words for wallet recovery (while cool this method is generally not recommended due to potential for insecure key generation by inexperienced users. Hardware wallets are the preferred method for new users due to ease of use and additional security).
Bitcoin.org and BuyBitcoinWorldwide.com are helpful sites for beginners. You can buy or sell any amount of bitcoin (even just a few dollars worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also check out the bitcoinity exchange resources for a larger list of options for purchases.
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Bitwage. Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".
Securing your bitcoins
With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
If you prefer to "Be your own bank" and have direct control over your coins without having to use a trusted third party, then you will need to create your own wallet and keep it secure. If you want easy and secure storage without having to learn computer security best practices, then a hardware wallet such as the Trezor, Ledger or ColdCard is recommended. Alternatively there are many software wallet options to choose from here depending on your use case.
If you prefer to let third party "Bitcoin banks" manage your coins, try Gemini but be aware you may not be in control of your private keys in which case you would have to ask permission to access your funds and be exposed to third party risk.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email! 2FA requires a second confirmation code to access your account making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
As mentioned above, Bitcoin is decentralized, which by definition means there is no official website or Twitter handle or spokesperson or CEO. However, all money attracts thieves. This combination unfortunately results in scammers running official sounding names or pretending to be an authority on YouTube or social media. Many scammers throughout the years have claimed to be the inventor of Bitcoin. Websites like bitcoin(dot)com and the btc subreddit are active scams. Almost all altcoins (shitcoins) are marketed heavily with big promises but are really just designed to separate you from your bitcoin. So be careful: any resource, including all linked in this document, may in the future turn evil. Don't trust, verify. Also as they say in our community "Not your keys, not your coins".
Where can I spend bitcoins?
Check out spendabit or bitcoin directory for millions of merchant options. Also you can spend bitcoin anywhere visa is accepted with bitcoin debit cards such as the CashApp card. Some other useful site are listed below.
Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out. If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. If you would prefer to keep it simple there are several good options. You can view the global node distribution here.
Just like any other form of money, you can also earn bitcoins by being paid to do a job.
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins.
The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
one bitcoin is equal to 100 million satoshis
1,000 per bitcoin
used as default unit in recent Electrum wallet releases
1,000,000 per bitcoin
colloquial "slang" term for microbitcoin (μBTC)
100,000,000 per bitcoin
smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki. Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval. Welcome to the Bitcoin community and the new decentralized economy!
Ziglu - £25 in account straight after signup - Ends 31st July
This has ended early due to popularity. Ziglu are a cryptocurrency exchange app that will immediately give you £25 on account creation no exchange of crypto required, this is freely able to be transferred out once you have validated your bank account by making a deposit. https://www.ziglu.io/ https://imgur.com/a/AqqozsX No referral for this part of the process, but after signup I received an email offering me an extra £5 for me and any anyone I have referred. From the Email... To get £30 download the Ziglu app from either theApple App StoreorGoogle Play. £25 will be credited straight away. When you have opened your account visithttps://hello739327.typeform.com/to/wpgREXo0and provide your unique codemDYf5to have £5 credited to your account.
Axion - A Global Currency, Built To Serve The People
What is Axion? Per Axion's website:
AXION is the answer to our global financial markets that are on the brink of disaster. The original solution to this impending collapse was Bitcoin, a decentralized peer-to-peer currency. However, since its inception, certain aspects of Bitcoin, such as lack of speed and high fees, have shifted Bitcoin into more of a store-of-value than a currency. Axion is the currency to address that. With a high-interest time-locked savings account, Participants in the Axion Network are rewarded daily.
Rewards people, not the corporate elite
Global & Scalable
How is AXION distributed?
Anyone holding Hex2T (pre-sale) tokens will receive AXION at a rate of 1:1
Hex holders will also receive AXION 1:1, limited at 10M AXION tokens. Hex holders will also be auto-locked for a year, with 2% releasing weekly. More details can be found in the whitepaper. If Hex holders do not claim their AXION tokens, they will become available for purchase in the Daily Auction every week.
The Daily Auction
Putting Tokens and Value into your pocket.
To get Axion, it needs to be claimed by Hex & Hex2T holders, the longer they wait to claim, the more penalties they face. About 2% of their total per week. This 2% is added into a daily auction pool where people can bid using ETH on the Axion tokens within it. If you bid 10% of the ETH on that day, you get 10% of the pool rewards. 80% of the ETH paid in the auction is then used to hyperdrive both the Axion token and the stakers earnings. First, the ETH is used to purchase the tokens, boosting the token price, and then those tokens are distributed to stakers, creating a very strong positive feedback loop.
Axion is on the path to becoming the ideal global currency.
For the first time in history, inflation is increasing the purchasing power of the people within the network. Axion has partnerships lined up to be integrated in online and in-person payment solutions, where you can pay for nearly everything in your every-day life using Axion. The merchants can accept FIAT (converted from Axion), or Axion itself. This is a global movement.
Axion: Built to Scale
500 Billion Initial Total Supply 1:1 Freeclaim ratio for Hex2T and Hex holders 80% of ETH Earned in auctions is used to buy back tokens 8% Annual inflation that goes Directly to stakers 100% of all purchased tokens Are distributed to stakers No Auto-Stake For hex2t holders 100% autostake for hex holders
How to buy:
**Video Tutorials:**Metamask Install – https://www.youtube.com/watch?v=htyEeKNHX5ABuy/Sell Axion (HEX2T) – https://www.youtube.com/watch?v=vYZBOkHIM5k How Do I Buy Axion (HEX2T)? Step One: Purchase Ethereum from your exchange of choice (Coinbase, Binance, etc). You can also purchase Ethereum through Metamask and have it sent directly to your Metamask wallet (More details on this in Step Three). If buying through Coinbase, you’ll have the option to use a linked bank account or a debit card. Funds purchased via linked bank account will have a hold period while the bank transaction clears, funds purchased via debit card will be available for use instantly. Step Two: Install the Metamask desktop browser extension and set up your Ethereum Wallet. You may also install the Metamask app on your Android smartphone and follow the same set up process in the linked video. (Apologies iOS users, the iOS Metamask app has restrictions that disable necessary features, you’ll have to use the desktop browser extension) Step Three: Once you have your Metamask wallet set up and your seed words properly saved, it’s time to deposit Ethereum to your wallet. – If you’ve purchased Ethereum on an exchange such as Coinbase or Binance, you’ll have to copy your wallet address from Metamask and withdraw the Ethereum from the exchange to your Metamask wallet address that you just copied. Be sure to check the wallet address multiple times before sending as transactions can not be reversed. – If you’d like to purchase Ethereum directly through Metamask, you can do so using the Wyre fiat gateway that is integrated into Metamask. Step Four: Now that you have Ethereum in your Metamask wallet, you can head over to our listing on the Uniswap Exchange to purchase Axion (HEX2T). We recommend using Fast GAS to speed up your transactions. You may also have to click on the gear icon in the top right on Uniswap to adjust your slippage limit when buying larger amounts. – If using the Metamask app on Android, you’ll have to access the in-app browser through the menu (three bars top left of app) and paste the provided link. – You will see a “From” input that should have ETH as the selected currency pointing to a “To (estimated)” output that should have HEX2T as the selected currency. The “From” input is the amount of Ethereum you will be spending and the “To (estimated)” output is the amount of HEX2T that you will receive for that amount of Ethereum. – Once you enter the amount of Ethereum you’d like to spend, the button at the bottom of the page should say “Approve”. This “Approve” function allows the exchange to access Ethereum in your wallet, which is necessary to complete this transaction. You’ll click the “Approve” button and the exchange will send a transaction to your wallet, which you will have to confirm. Wait for that Approve transaction to clear and once it does the button should change from “Approve” to “Swap”. – Now that you’ve given the exchange permission to use the Ethereum in your wallet, you can click the “Swap” button. This will send another transaction to your wallet that you’ll have to confirm. Once that transaction clears, you’ll have successfully purchased HEX2T with Ethereum! Side Note: If you can’t see the HEX2T that you’ve purchased in your Metamask wallet’s Asset list, you’ll have to add the token to your Asset list. At the bottom of the Asset list you will see an “Add Token” button, click on that and you’ll see a “Search” and a “Custom Token” tab. Click on the “Custom Token” tab and paste the following address (0xed1199093b1abd07a368dd1c0cdc77d8517ba2a0) into the “Custom Token Address” field, the rest of the info should auto-fill. Then click the “Next” button in the bottom right, and it should display your HEX2T balance, click the “Add Tokens” button and you should now see your HEX2T in your Asset list. **How Do I Sell Axion (HEX2T)?**To sell Axion (HEX2T), you essentially do the inverse of what you did to purchase it.Step One: Head over to Uniswap Exchange and click on ETH in the “From” input, a drop down list will appear and you’ll select HEX2T. In the “To (estimated)” output, click on “Select a Token” and select ETH. To clarify, if you want to sell, HEX2T should be on top, ETH should be on bottom. Step Two: Enter the amount of HEX2T you’d like to sell in the “From” input, the button at the bottom of the page should say “Approve”. This “Approve” function allows the exchange to access HEX2T in your wallet, which is necessary to complete this transaction. You’ll click the “Approve” button and the exchange will send a transaction to your wallet, which you will have to confirm. Wait for that Approve transaction to clear and once it does the button should change from “Approve” to “Swap”. – Now that you’ve given the exchange permission to use the HEX2T in your wallet, you can click the “Swap” button. This will send another transaction to your wallet that you’ll have to confirm. Once that transaction clears, you’ll have successfully sold HEX2T for Ethereum! If at any point you feel that you need help in this process, please do not hesitate to join our fast growingDiscordorTelegram.Once you’re in either of those communities you’ll be able to ask an admin or moderator for assistance.
Their legal proposal is 95% complete, per their Discord announcement - and most likely be finished in the coming days.
Disclaimer: This is my editing, so there could be some errors, misunderstandings or exaggerations. Waiting for "IOTA TIME " (an era where IOTA defines nearly everything in terms of the block-chain world) niels12어제 오후 4:51 IOTA funds are public:https://thetangle.org/address/IDNAFP9FWWKYGNDMKGJWZD9GATGRPTJYTYHLKFNDEQSISPSETLZQOSPGOHC99LMPXDEHSH9XYHNVOLUBBQPCEGHYK9But they have probably other sources of income, like funding by government etc. And maybe also other IOTA funds on other addresses. I don't know. Balance: 59.68 Ti David Sønstebø어제 오후 9:41 I wonder how many times an out of context 2 year old private DM has to be addressed. At the time IOTA was approaching stagnation due to the actions of primarily CFB**, thus since we both started Jinn together which lead to IOTA,** I tried repeatedly to talk sense into him.I.E. "If you are going to torpedo all progress, let's just sell it all and start from scratch, fuck it"It's a figure of speech, while trying to talk sense into someone who insists that 1 + 1 = 3.59 My tax records show when I last sold iotas. February of 2018. Now stop reading into private DMs, especially ones taken out of context and especially those leaked by someone who's proclaimed he is going to ruin IOTAand my life. You need to go back to school if you think there is anything to 'speculate' on there. dom어제 오후 4:15 u/unsywe will release the condensed version of them once we want to.Just because you so desperately desire them for whatever reason doesn't make us do it faster. Being in this space for so fucking long,last thing I want is to attempt to act in good faith again and then be screwed over by those trying to misconstrue reality and spread lies.We've been at that for too long.Once they are fully ready, and we have them in a format we like, we will publish them. dom어제 오후 4:16 Our objective of the finance / legal department is to become one of the most trustworthy / transparent organizations in this space. Which is why we're setting up new and stricter policies in general dom어제 오후 4:18 quite frankly, with everything that has happened up until now, I would certainly say thatwe are one of the most transparent organization(if we wanted it or not)u/unsy dom어제 오후 4:21 u/unsyI am not worried about it.If we have problems, we always solve them - I think we've proven that by now. And as it stands right now with our current funding + our strategy, we are in good hands David Sønstebø오늘 오전 6:41 Don't worry, a shitty FUD piece in a cryptoblog is nada [오전 6:41] We were once numero uno target by Jeffrey Epstein funded Joi Ito's MIT DCI [오전 6:41] This is nothing ------------------------------------------------------------------------------------ Antonio Nardella [IF]어제 오후 11:13 IMO the community has matured a lot, we have community and certified developers working with the IF in the X-Teams, there are new people coming in with direct interest in the tech (yeah, also spec is still popular) and from the chats that I've had, there are devs waiting for the breaking changes of Chrysalis P2, before starting to develop again..But that's my assessment.. Jelle Millenaar [IF]어제 오후 9:15 Well, I can say the DID developments are going smooth. Starting publishing the first DIDs to the Tangle ;D Jelle Millenaar [IF]어제 오후 9:15 And since I am totally not biased towards Identity, but its gonna be revolutionary ;D Jelle Millenaar [IF]어제 오후 10:06 This is the perfect time to loose faith in the IOTA Foundations capability to deliver, especially after the network just received a major update with many improvements. Its just crypto being crypto, dom오늘 오전 2:12 Yeh we'll go through it. This is the usual game... Dominik Schiener There is more tech maturity, more adoption and more progress than ever. We are one of the only projects which gets funding from government grants and corporations.Stop the attention grabbing headlines and get your sources right. Long field You can track their iota address, and I can tell they didn't sell any iota tokens in last two months HusQy IOTA is like a large decentralized network cable that connects any number of nodes with each other and that enables data and values to be exchanged with one another, whereby the data is protected against manipulation and the value transactions against double spends. Thereon ... ... you can run any decentralized application (we call this layer) - e.g. a blockchainthat stores certain data for as long as you want and limits the amount of data to be saved via fees like Bitcoin.Each of these uses inherit ... ... your security from the basic protocol and can specifically only save the data that is relevant for you (also decentralized).To say that IOTA is not a DLT is in principle not that wrong -it is a platform for DLTs and therefore much more powerful than all ... ... existing DLTs because it is much more flexible. For example, you can run Hashgraph in IOTA, or Bitcoin or whatever. And IOTA is the token that connects the entire ecosystem. This is of course "not yet" the case, but Chrysalis Part 2 is the first step. HusQy @blocktrainerperhaps this explanation will enable you to understand where the journey is going.If a decentralized data storage is required, then you can build it with IOTA and it then has exactly the same properties in terms of permanent storage as Bitcoin. Block trainer We can also get a little more technical.The way you describe it, it sounds like an interoperability layer ... something like that here, which then equates to a polkadot etc. 📷 HusQy In principle yes, only that it doesn't connect Bitcoin and ETH but "IOTA Smart Contracts" with "IOTA Storage" etc. It is not there to connect other projects but to offer the same as other projects, only faster and cheaper. ------------------------------------------------------------------------------- Bitcoin Coach And in 5 years there will be a completely new project, which then claims to be better than IOTA. And then should all the infrastructure be thrown overboard and the partners simply change the DLT? HusQy This is how technology works.It makes no sense to run the Internet on the basis of 64k modems just because many people have one at home.The change does not take place overnight but creeping and if you look at the BTC Dominance you can see that too. Ultimately, everything will switch to the best technology and we'll see which that is :) Block trainer The "best" must also be defined. What are the classes to master? HusQy All classes. If there is a technology that can represent even one aspect better, then it is not yet good enough. Blockchain, for example, is a "degenerate" DAG with only one reference. The goal is that IOTA can also use blockchains if the use case requires it. HusQy The future is not "either DAG or blockchain" but both seamlessly linked within the same ecosystem. IOTA smart contracts use a blockchain, for example, but a separate chain for each smart contract and the blockchain is within the tangle. Block trainer According to the new definition, they are no longer saved ... A doublespent could change the reference retrospectively. HusQy That's not quite true.The tangle itself contains all information for all eternity and you cannot remove any information. Once the data has reached a certain age, it is no longer stored by every node in the network. But you can still ... ... still prove what happened in the part of the tangle that was "forgotten" by the nodes after a certain time. Now there are two ways to keep this evidence: 1. You save the evidence personally and can present it at any time. 2. Man ... ... writes a plug-in for the node, which monitors the Tangle for information of a certain type and keeps a copy of all car purchase-related data forever (or for at least 30 years, for example). All dealerships could then install this plugin and ... ... jointly store this data decentrally in order to query the information if necessary. However, you would only selectively save the data that interests you. The evidence they produce can still be verified by any node on the network. If the server of a car dealership fails, it can download the data again from one of the other dealerships. Quasi like an application-related private blockchain which is secured by the Tangle. It is also conceivable that there are service providers for this ... ---------------------------------------------------------------------------------- HusQy Data is only kept immutable. How do you intend to execute a token transaction over pure data? I'm simply sending the following two data transactions at the same time: 1. I'm sending $ 100 from address A to address B. 2. I'm sending $ 100 from address A to address C. HusQy In order to determine which transaction is successful / came first, you need consensus. Data transactions do not allow token transfer. Block trainer Why doesn't that allow token transfer? I can simply use it to sign my values. The question is about the meaning of the token. I can also sign that I have transferred € 10 for the petrol station. Or I transmit the proof via curled BTC ... HusQy Did I just describe you can publish two conflicting data transactions and no one knows which is the correct one: P Block trainer Unless you agree on a consensus. Time stamp + BTC (locked) in hash = value transmitted ... What else is the IOTA token for? HusQy Whether information is correct can only be seen in the context. Take a look at the difference between "data" and "information". For example, you can claim that you locked Bitcoin even though it didn't. Block trainer I may need a proof of this. See how, for example, BTC is unlocked in liquid or in the LN. The IOTA data layer is extremely similar to the principle of Lightning. Accordingly, the sending of tokens would be possible here, which means that I see the use case of the IOTA coin at risk HusQy Such a proof is impossible. The reason why this works with LN nodes is because LN nodes are Bitcoin nodes that know what is happening in the Bitcoin network and have "information" and not just "data": P What you are describing is technically impossible. Block trainer Data = information What can the LN not, what IOTA can sometimes? HusQy That's not rubbish.There is a huge difference between data and information, and inter-chain transactions are not possible because of that very difference. LN won't work - there are too many game theory problems: P -------------------------------------------------------------------------------------------- Dominik Schiener There is more tech maturity, more adoption and more progress than ever. We are one of the only projects which gets funding from government grants and corporations.Stop the attention grabbing headlines and get your sources right. Dominik Schiener As an innovation leader in Europe, I certainly say we deserve to get grants.There is a below 7% success chance usually. And yes,everything is fully audited (by externals ofc), showing clearly how and that the money was used in achieving the milestones of the grant. ----------------------------------------------------------------------------------------------------------------------------------
Unpopular Opinion: We should be against crypto/BCH services that require ID verification.
As time went on and on, I am observing that many crypto services such as exchanges have required the usage of increased ID if you would like to use their services. This also includes Roger Ver's Bitcoin.com to purchase BTC/BCH, which required ID. Of course, I have seen that crypto can be bought through more options now such as credit cards which are risky for the merchant, but that kinds of defeats the purpose of using crypto. As Satoshi wrote in his abstract "A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution." By giving ID verification to services, it is no different than using credit cards or regular bank accounts. Furthermore, by allowing much of crypto services access to take ID verification, crypto becomes centralized as those services know all about those who bought cryptocurrency. One might argue that "you don't need privacy or anonymity if you aren't doing anything wrong", but that is flawed; if you are not doing anything, the government shouldn't need to spy on you. In my opinion, if a person's political opinion is that the government, corporations or a central party should spy on people who buy, sell or transact cryptocurrency, then the whole purpose of cryptocurrency is defeated. Many banks such as HSBC and Deutchse Bank themselves have been caught engaging in money laundering, yet cryptocurrency is the one that is used for "money laundering and terrorism". I also don't see a good reason why we should trust governments and crypto exchanges working together to ID'us for these reasons when governments itself are known to do many wrong things and often get away with it. We can still be against money laundering, acts of terrorism or acts that are not morally right, as well as supporting everyone's right to have a high degree of privacy at the bare minimum. EDIT: This may seem like a popular opinion, but I think it is not talked about much and deserves to be given some light on. Many people still support govt and crypto exchanges ID'ing people to buy crypto.
Disclaimer: This is my editing, so there could be some misunderstandings... 📷 Cris오늘 오전 12:34 I want to ask you about standardization. How long will it take? How far we are? 📷 dom오늘 오전 12:36 Usually it takes at least a couple of years. Mike has prepared a blog post on it (elucidating the process and our progress so far) which will be shared soon 📷 Cris오늘 오전 12:37 We already have a couple of years added [오전 12:37] So how many more to come? 📷 dom오늘 오전 12:38 Some of the work was revised / updated with all the changes that came with it [오전 12:38] But as I said, Mikes blog post will provide more clarity 📷 Cris오늘 오전 12:39 How long will it take to see the blog post? days, weeks? 📷 dom오늘 오전 12:39 Days 📷 dom오늘 오전 12:43 Smart contracts are a big priority, and we are looking into how we can bring them on the mainnet faster. I'm sure you will see more there soon. Right now it's just about getting the prototype ready, but we are working on a plan to speed it up and get a bigger team to work on it. 📷 dom오늘 오전 12:45 Problem is that there are so many cool things we want to work on like full Tokenization Suite (Digital Assets), Smart Contracts, OP Codes, etc etc. The engineering team right now is 100% focused on Chrysalis (and is doing a fucking amazing job there), which will even without these features be fucking amazing and truly help with adoption (getting on large exchanges and with corporates) 📷 dom오늘 오전 12:48 So it's a juggle between focus and expanding the features. But we'll find a way to get all of these on the mainnet ASAP. As I said, Chrysalis is#1priority, everything else is less important. With Chrysalis, we can already be really really happy. The rest are nice to haves which will further accelerate things. 📷 meltedsnow오늘 오전 12:48 u/dom is the research team already investigating 'sharding'? 📷 dom오늘 오전 12:49 Yeh they spent a whole day at Resum on that. So it's definitely part of the discussions. But it's less important right now - specifications are more important 📷 True오늘 오전 12:50 what would be the#1priority after chrysalis part 2? 📷 ThomasQv오늘 오전 12:50 Coordicide i would guess 📷 dom오늘 오전 12:51 Yeh 📷 mik0h오늘 오전 12:51 How many developers does IF have today? 📷 dom오늘 오전 12:52 Around 40 I would say 📷 dom오늘 오전 12:53 Chrysalis Team = pretty much all of engineering + Hornet team + community [오전 12:53] I think you guys sometimes underestimate just how huge that undertaking truly is 📷 meltedsnow오늘 오전 12:53 u/domhow many hours a week do you spend on the IF project? 📷 dom오늘 오전 12:55 u/meltedsnowI spend pretty much 100% of my time on IOTA. The current times are simply too awesome to not be focused on it. 📷 dom오늘 오전 12:56 u/mik0hwe have some plans on how to increase that number for key projects (Smart contracts for example). But I think the less dependency on IF, and the more community development is happening, the better. 📷 meltedsnow오늘 오전 12:56 how do you guys plan to increase the community and dev activity outside of IF in the near future, taking into account all the interest from other (crypto) projects for developers... 📷 dom오늘 오전 12:57 Chrysalis will really help with developers.our objective is to really be one of the best platforms to develop on. 📷 dom오늘 오전 12:58 And honestly, our docs are pretty fucking amazing and the tutorials from the community, blueprints, Hackster.io etc 📷 dom오늘 오전 12:59 Yeh nowthink of having all of these amazing modules to build with (Stronghold, Access, Streams, Libraries etc.) Which are fully speced, documented and easy to work with 📷 tangent오늘 오전 12:59 when comes AI into play, pretty hot topic for the future 📷 dom오늘 오전 1:00 u/tangentthere is a company in the ecosystem that is doing some pretty amazing stuff with AI. You will hear more about it probably in October 📷 bastiiivs오늘 오전 1:03 u/dombut those things also come with quite a Delay (not the development but the inflow of devs and community devs) 📷 dom오늘 오전 1:06 u/bastiiivsbut look at hackster.io/iota for example.There is hundreds of devs already in our ecosystem.Of course we will continue to do contests / hackathons and such, but most of that is short lived.Just look at EOS, Stellar and all the other projects which are literally trying to buy developers. That stuff never works and doesn't make for a healthy ecosystem.If it takes fine, that's fine.As long as it's organic and people believe in the platform and what they can build with it, it's fine tbh 📷 Roy오늘 오전 1:08 Any juicy secrets to PAMP the price for spec dom? 📷 dom오늘 오전 1:10 u/Royno secrets, but I'm fucking pumped for Q3/Q4 📷 Navin Ramachandran [IF]오늘 오전 2:04 For me iota is a general purpose ledger. Especially within the flexibility of the transaction format in Chrysalis and Coordicide 📷 Navin Ramachandran [IF]오늘 오전 2:05 Well I want us to deliver Chrysalis first 📷 Navin Ramachandran [IF]오늘 오전 2:05 Rather than just promises
Hola buenas tardes, hace un tiempo decidí arrancar en el mundo de las crypto. Comencé a interiorizarme, abrir cuentas en varios monederos, exchanges, algunas plataformas p2p para mirar precios de compra/ venta y comisiones. No he tenido problemas, y las transacciones a mas tardar llevaban 48hs. El mes pasado comencé a usar Nexo (para probarla guardando un par de dai) y este los quise sacar para aprovechar un arbitraje. Mi retiro fue el 14. Me dieron un link para ver el seguimiento de estado de mi transacción en etherscan, pero al dia de hoy lo unico que dice es " Sorry, We are unable to locate this TxnHash" Confirme varias veces que la id de mi wallet estaba bien puesta. Hable con soporte y la persona que me atendió, prácticamente me dijo "entiendo cual es el problema, te abro un post en nuestro foro de consultas y espera la respuesta" Entonces mi consulta básicamente esta en saber si esto es relativamente normal, cuando leí antes de registrarme decía que los retiros podían experimentar demoras de hasta 24hs nomas. Esta bien que entre simplemente a testear, pero lo hice confiado de eso.Desde ya saludos y gracias a cualquier ente superior que pueda iluminarme. EDIT: Despues de una semana, 4 charlas con soporte, y 2 post en su foro de consultas (que ellos mismos crearon para mi) Hoy me notificaron que hubo un error y cancelaron mi retiro. Volví a repetir la operación y la transacción se hizo en menos de 5min. Moraleja: Lisa, si las cosas no funcionan debes quejarte hasta que tus sueños se hagan realidad.
Found that in the Stellar sub, anybody has experience with getting XLM of the wallet?
If you use the crypto.com wallet memos are not being added.
📷 Just wanted to put this here in case anyone is using the crypto.com wallet app. I posted in the subreddit over there. I got the crypto.com wallet app (not the main exchange app) because I utilize the card and figured that would be a nice safe spot to park some of my long term funds that I am not directly trying to trade or top off my card with. On 07/23 I sent a small amount of XLM from my wallet to an exchange. I did not send all of my desired amount as this was my first time sending and wanted to verify with a small-ish amount first. I sent 1040 XLM to my exchange account. I added the memo to the crypto.com wallet app, entered the 2FA, and got my confirmed transaction. Yet my exchange never confirmed that I received any of my funds. Screenshot of confirmation from my walletBlock explorer link for my transaction notice no memo I contacted my exchange thinking I goofed. I mean that's the likely scenario. Pretty happy I didn't send the full amount I wanted to. So after a back and forth with my exchange I go ahead and make a test transaction of a specified amount (3.54 XLM). This time I took a screenshot of every step in the crypto.com wallet app to verify. Step 1 I added the recipient address to the correct exchange wallet address and I filled in the memo field. Notice the checkbox for "No memo required" is not checked. Step 2 I entered the 3.54 amount that would be used to try to identify my transaction by the exchange. Step 3 In the next screen I am prompted to confirm my transaction. Notice the memo is displayed here indicating it will be added to my transaction. Step 4 My transaction is confirmed within the wallet. Indicating my request was properly submitted and providing the partial transaction id. Note that the memo is set again indicating that this will be added to the transaction. Step 5 The completion status message. The transaction is confirmed. The concerning thing here is that no memo is listed in this screen as it was in the previous 2 screens. Finally here is the block explorer link for the test transaction Notice that in this case again, no memo has been added to the transaction. This is not FUD. I am invested in crypto.com and use the card regularly. I just think this is a very serious technical issue that needs to be resolved before others get seriously hurt. My exchange was able to return the funds to me. However, I missed a very big buy opportunity. Yet some might not be so lucky or have exchanges that are willing to work with them and they can lose thousands. This needs to be addressed and I wanted to bring the issue to the community. Edit: my post was marked as spam by the crypto_com subreddit. Sad honestly"
If you use the crypto.com wallet memos are not being added.
Just wanted to put this here in case anyone is using the crypto.com wallet app. I posted in the subreddit over there. I got the crypto.com wallet app (not the main exchange app) because I utilize the card and figured that would be a nice safe spot to park some of my long term funds that I am not directly trying to trade or top off my card with. On 07/23 I sent a small amount of XLM from my wallet to an exchange. I did not send all of my desired amount as this was my first time sending and wanted to verify with a small-ish amount first. I sent 1040 XLM to my exchange account. I added the memo to the crypto.com wallet app, entered the 2FA, and got my confirmed transaction. Yet my exchange never confirmed that I received any of my funds. Screenshot of confirmation from my walletBlock explorer link for my transaction notice no memo I contacted my exchange thinking I goofed. I mean that's the likely scenario. Pretty happy I didn't send the full amount I wanted to. So after a back and forth with my exchange I go ahead and make a test transaction of a specified amount (3.54 XLM). This time I took a screenshot of every step in the crypto.com wallet app to verify. Step 1 I added the recipient address to the correct exchange wallet address and I filled in the memo field. Notice the checkbox for "No memo required" is not checked. Step 2 I entered the 3.54 amount that would be used to try to identify my transaction by the exchange. Step 3 In the next screen I am prompted to confirm my transaction. Notice the memo is displayed here indicating it will be added to my transaction. Step 4 My transaction is confirmed within the wallet. Indicating my request was properly submitted and providing the partial transaction id. Note that the memo is set again indicating that this will be added to the transaction. Step 5 The completion status message. The transaction is confirmed. The concerning thing here is that no memo is listed in this screen as it was in the previous 2 screens. Finally here is the block explorer link for the test transaction Notice that in this case again, no memo has been added to the transaction. This is not FUD. I am invested in crypto.com and use the card regularly. I just think this is a very serious technical issue that needs to be resolved before others get seriously hurt. My exchange was able to return the funds to me. However, I missed a very big buy opportunity. Yet some might not be so lucky or have exchanges that are willing to work with them and they can lose thousands. This needs to be addressed and I wanted to bring the issue to the community. Edit: my post was marked as spam by the crypto_com subreddit. Sad honestly.
I don't suppose there is a Crypto Exchange company based here is there?
Hi. This is unlikely I know but hey research is research. I have a business coming online later in the year where I will be buying and selling Cryptocurrency legally (retail) here in Barcelona to customers who provide their ID (so nothing anonymous or shady). It's basically currency exchange but for Crypto as opposed to foreign currency catering to customers who are prepared to legally declare their transactions. Unfortunately as its Crypto the banks aren't interested in opening a business account (and if they were okay with Crypto then the opportunity would not exist for me, so thats no loss). But this sees me generating cash that I then need to recycle back into Cryptocurrency to continue the sales cycle. Which is where the business model falls down. I dont' suppose anyone knows of any large Crypto companies here who I could approach to open a trading account. I'm sure there are professional traders here as well who I could transact with as well to buy the Crypto but finding them is difficult.
First off, let’s acknowledge that I’m a dumb idiot who did a dumb thing - have a chuckle at my naïvety, take a moment to reflect on the superiority of your judgement - and let’s move past it. In short, because my checking account, debit card associated with that account, and my credit card are all provided by Discover, which is apparently uniquely hostile to its customers’ involvement in any crypto-related transaction, more so than, say, MasterCard or Visa. So, my brilliant solution to this issue was to use my Discover debit card to buy two $500 prepaid Vanilla Visa cards. After several days researching the details of prepaid cards and online card payment processors, it appears that all cards that can be used for online transactions, including credit, debit, and prepaid cards, fall into one of two categories: “authorized,” meaning the card issuer has your identity info on file - whether or not they provide that info depends on the specifics of the transaction, but the important thing is that they have the info, and thus will confirm the card as “authorized” to whatever online card processor is handling the transaction. Then there are the “unauthorized” cards, where the issuer will confirm the card is real, it’s balance is sufficient for the transaction, etc, but has no identity info on file associated with the card. And, unfortunately, it seems the vast majority of online payment processors will reject unauthorized cards. So my question is, besides losing 30% of the money trading these cards for BTC on a P2P exchange with some dude in Bulgaria, is there any way to either A) transfeexchange the funds on these cards to another card, account, etc. that can be used to buy crypto, or B) find a direct coin vendor that will accept payment with such unauthorized cards? I will note that even the exchanges where I had completely the most extensive and detailed KYC processes (uploading & verifying ID cards, my passport, phone number, address, and so on) will not take these unauthorized cards, which seems strange to me as they already have all my identity info, so I can’t see what the problem would be with paying with a card that’s not associated with my identity. Thanks in advance for any advice!
How to Buy Bitcoin with a US bank account while Living Abroad??
This is something I have been trying to figure out for a while. I want to simply use bitcoin or another cryptocurrency for remittances to myself (one of the classic uses), however it seems impossible. I live, and am a permanent resident of the Philippines, but I maintain a US bank account. I have no current US drivers license or state ID, I only have a US passport. I have no actual residence in the US since I lived for 10 years in Philippines already. But I use a family member's US address for some things. I am never able to get verified on any US-based crypto exchange because I cannot prove residence, I have no state ID, and my ip address is sketchy (either it's a Philippines IP address or it's a VPN address). Basically, it never works, I have tried a lot, but I can't buy from a US exchange. I do have an account with a Philippines cryptocurrency exchange, however, they do not accept US dollars from a US bank account, only Philippines pesos from a Philippines bank account. Since I want to use crypto for remittance, this defeats my purpose. Open to any ideas that anyone in the community may have. Just don't message me asking me to send you my dollars and you will promise to send me bitcoin, haha.
How to buy Bitcoin and Deposit on Roobet Full Tutorial
Hello! In this thread I will do my very best to explain how to purchase Bitcoin safely and deposit it onto Roobet.com ! If anything is too confusing or you need further instructions feel free to message a mod for help!Be very aware of other users offering to sell you bitcoin or purchase on your behalf.If you are new to Bitcoin in general I strongly recommend watching this quick video on the basics of bitcoin safety https://www.youtube.com/watch?v=2z2xggmeW1AAfter you have watched that or you already understand bitcoin skip to down below! Buying Bitcoin Step 1 Chosing an exchange Ok so you want to buy bitcoin to play on roobet? No problem! Bitcoin is super easy to use once you understand it! The first thing you need to do is pick an exchange to purchase from. I would recommendcoinbaseas it is a very large and trusted exchange.If coinbase does not work in your region then I would recommendBinance The last option if buying online doesn't work would be a local Bitcoin ATM use google to find one close to you. Step 2 Signing up -coinbase Sign up using https://www.coinbase.com/join/carava_zo to get a bonus 10$ btc on your first purchase Once you create an account you will be prompt to verify both a Email & Phone Number *Sometimes a photo id is required* *(It is recommend to add one as it will improve account security and increase your buying limit)* Follow the on screen prompts until you get to Add Payment Method Add your method of payment Once you link a Bank/Credit Card you will now be in the main page https://preview.redd.it/a58hftutv8d51.png?width=1892&format=png&auto=webp&s=9ce87ba198fdcaad10a2da4725c1030fca4d1741
Copy the Bitcoin Address (Your bitcoin address not the one in the screenshot)
Head back to coinbase
You should still have the Sent/Receive tab open if not open it back up
Put in the amount of BTC you wish to send
I like to add a note to keep my purchases organized this is optional
PASTE THE ROOBET DEPOSIT ADDRESS WE COPIED FROM STEP 1
DOUBLE TRIPLE QUADRUPLE CHECK THE ADDRESS IS CORRECT YOU ONLY GET 1 SHOT AT THIS GO SLOW
If everything looks good click send
TRIPLE CHECK BEFORE CLICKING SEND You will be given a confirmation screen again take note of the fees It is easy to get confused especially with currency conversion its always best to look at the BTC amount not the $ amount. (pro tip) Last chance to check everything Once you confirmed everything click send and the BTC is on its way! Go back to roobet and keep an eye on your notifications. Thanks to Roobet Instant funding you only need 1 confirmation before your funds are ready to go! https://preview.redd.it/14x2wwmo59d51.png?width=524&format=png&auto=webp&s=d40212fd1b67555fecb6e7f69c78d47c1abe569f Thats it!!!!You have successfully purchased and added BTC to your roobet account! Things to note Bitcoin is risky be safe take time to learn it Gambling is risky... Crpto is risky this website combines both please take the appropriate steps to ensure not only your financial safety but also your metal health Play Smart Play Safe Thank you for reading!if this helped you at all I would love it if you used my links above when signing up This was my first reddit guide I apologize if it is messy/confusing I will work on the formatting any Feedback is appreciated -Dom
Hey Everyone, I wanted to create a post simply because I learned about these on here and they all have so much potential. Low market cap, very minimal marketing and great product. These will catch on and from my research they all have a great team and weekly updates which I find important when investing in these projects. They are in no particular order but here it goes..
Freight Trust EDI- I chose freight trust because they have an actual working product with paying customers. They have flown under the radar and are tackling a huge problem within freight. They are on 3 exchanges so far and have some huge partnership announcements coming soon. Just signed one with Drewry, who is a big player in the freight world and there are rumors that they are working with baseline protocol. I have done weeks of research on the team and all the fud that was posted here and I can confidently say this is a fucking moonshot to be had. Price is unbelievably low for where they are at with the product. You can find more info on their website here. I bought on Probit but you can also buy on IDEX and soon on Bilaxy.
Meridan Network- MRDN was a total bet when I first saw it on Uniswap but one of the best bets I have made. The launch has been executed perfectly and they release updates every week. Meridian Network is intended as a platform to be used for Dapps and as a community DAO, making use of the LOCK token which will be swapped 1 v1 in the next few days. In the latest update which you can find here they mentioned that this is going to be a big week. Audit by Haken will be finished today, marketing phase one with top crypto influencers, LOCK token launch, Lock token swap portal launch, locking liquidity and they will be releasing teams wallet ID's. The meridian vault is the first dapp and 2nd dapp is a DAO balancer pool that will be released in August as well as a new exchange!
Moon- Moon is a deflationary token with a staking reward system along with referrals. 10% burn every transfer or sell and it goes into the staking pool which incentivizes holders. The team has already locked liquidity and already released their 2nd audit. I have already staked 40k moon just in the last week alone and there are talks of them using some of the funds to either reach out to some crypto influencers which none have covered this coin yet or get on an exchange. I think the influencer covering this will shoot this coin up especially since staking has started over 4 million coins have already been burned to extinction. Keep that up for a few months and the price will rise naturally by lowering the supply. Excited for what is to come with MOON. You can buy this on Uniswap. Here is the website + a link that a crypto influencer just posted about. You're welcome :) Use my staking referral link if you do decide to stake : ) https://stake.moon.dev/#/0x459B3EDb577cB0b25C6c9ae94510900b4a008931
There have already been several threads on VIDT on this sub
The market cap is ~$15.5m, which is higher than most micro caps discussed (or spammed) here
People often "shill" in this sub for quick-flip pump and dumps. This is not that kind of post and you won't see 4x returns in 8 hours
With that out of the way, I will try to briefly summarize why I (long time holder, DCA'd to the bottom, no intention of selling any time soon) believe this has a strong chance to become a Top 25 token, and why that push is already underway.
USP (basically the elevator pitch): VIDT validates and secures files/data on the blockchain, and does so via an easy to implement API solution. Businesses get the security and and immutability of blockchain without needing to dedicate tremendous time and resources for implementation. That's it. That's the elevator pitch. You can protect and verify data, invoices, files, certificates, etc. At first, it isn't the sexiest thing, because it isn't a chain itself, so there is no talk of ridiculous transaction speeds or unique consensus mechanisms, no technical jargon. But ask yourself: isn't that stuff antithetical to what blockchain really is about? Which leads to the second point.
The beauty is in the simple, elegant service. Due to the nature of what is offered, the oft-discussed pitfalls holding blockchain back from "mass adoption" are far less relevant: things like transaction speed, private key (mis)management, clunky UI, etc don't really apply to what is presently being done with VIDT. It is, in my opinion, one of the most business consumer-friendly, mass-adoptable tokens in all of crypto. That was another segue, because:
They already have clients who regularly use the service, like AmSpec (oil and gas), Airbus, Krohne, CMS Law, etc. These clients come from a broad spectrum of industries and have come to rely on VIDT for helping them to defend against fraud. The company has been in profit since 2019.
Interoperability - VIDT recently unveiled (out of nowhere, I might add) a new product called DataLink, which focuses on bridging data across all of the major cloud hosting services (AWS, Azure, Zap, etc) and major blockchains including Ethereum, DigiByte, LTO, Waves, Binance Chain, Hyperledger, and more to come. The significance of interoperability is probably clear to anyone who sees where blockchain is going, but to sum it up briefly: the odds of one chain ruling them all are very low, but for blockchain to really be mainstream we need to know that the various chains can "talk" to each other. We also need to make sure that off chain sources can easily communicate with on-chain services. Starting to get the picture? In pure and grounded business terms, we are likely to see most (if not all) of the major chains partner with VIDT as the service grows in popularity and scope. Oh hey, another transition...
Use cases are increasing in scope and ambition, and I absolutely love to see it. VIDT has several projects in the works that have the potential to fulfill a lot of the promise that was envisioned when blockchain started buzzing. IBM is pleased with the progress of their collaboration with VIDT for capturing environmental sensor data for their Internet of Environments initiative, and this is expected to expand significantly. The VIDT team have also partnered with DigiByte on the Veritas project, which is securing digital identities, particularly for social media. That twitter hack seems relevant, doesn't it? And one of my favorites: VIDT has partnered with Fantom on a project that aims to bring transparency and authenticity to the world of politics by working with the government of Afghanistan, an effort that has been hinted to have a much larger scope than meets the eye. And more scope means more verifications using VIDT, which means more tokens spent!
Tokenomics are among the best in all of crypto. Seriously. The total supply is under 60m, with just over 43m (75%) already in circulation. Clients pay a fixed fee in fiat, and tokens are used at the equivalent price. This means, of course, that more demand will put pressure on the token price. And yes, if the token price is higher than the fixed rate, less VIDT will be used per transaction, but at that point the number of transactions will likely greatly offset that. In addition, there are monthly token buybacks and burns. Yes, every month. It is a relatively scarce (by crypto terms) token that will literally increase in scarcity every single month, regardless of market conditions. The token is divisible by 18 decimal places, so the deflationary process can continue for a very, very long time.
The team is amazing. I saved this for last because as an investor, one of the key indicators in deciding whether something is worth putting my money in (potentially long term) is the team. And I will say it now, there is no team like the VIDT team. These guys are humble but hungry. VIDT is their passion. This is their baby. They communicate regularly via twitter and the official/news channel on Telegram, as well as on LinkedIn. You can see their faces, you know their names, they're in print, in videos, etc. Always meeting with potential clients, always building new functionality, always working hard. They have this energy because they know they're building something special.
Looking at all that I've written, I have to apologize because I really did try to make this a brief summary. I suppose I'll close with some scattered but bullish thoughts: There have been roughly 6 straight weeks of news that coincides with one of the nicest looking charts I have seen: green on every timeline out to 1 year, all time high and price discovery seem to be within reach. The growth has been steady. Wallet count is over 6,000 and growing. And yet... it seems like most in the crypto space still either haven't heard of VIDT or still have yet to dive into the research. It's still not on any exchange bigger than Kucoin. It is already one of the tokens that sees the most use, and provides a bridge to blockchain for the outside world. Did I mention they certify diamonds now? Considering all of the above (and much more, truly) and looking at some of the garbage that still sits above it in ranking, I really believe that this will be a Top 25 token before too long. The crypto world is starting to wake up to how big this token with a simple little elevator pitch could be, and the real marketwide FOMO doesn't begin until the big name "influencers" start talking about it. So with a $15.5 market cap this is still very much flying under the radar. Maybe the use case isn't sexy. Neither are "oracles," until you ask yourself how many companies could actually benefit from using them. That's the light bulb moment, and suddenly it all makes sense. Thanks for your time, always be safe and do your own research.
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