What is Bitcoin & How Does It Work? SoFi

Bitcoin Newcomers FAQ - Please read!

Welcome to the /Bitcoin Sticky FAQ

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:
Some other great resources include Lopp.net, the Princeton crypto series and James D'Angelo's Bitcoin 101 Blackboard series.
Some excellent writing on Bitcoin's value proposition and future can be found at the Satoshi Nakamoto Institute.
Some Bitcoin statistics can be found here and here. Developer resources can be found here. Peer-reviewed research papers can be found here.
Potential upcoming protocol improvements and scaling resources here and here.
The number of times Bitcoin was declared dead by the media can be found here (LOL!)

Key properties of Bitcoin

Where can I buy bitcoins?

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.
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.
Google Auth Authy OTP Auth
Android Android N/A
iOS iOS iOS

Watch out for scams

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.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Spendabit, Overstock and The Bitcoin Directory Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg and Dell For all your electronics needs
Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, LivingRoomofSatoshi, Coinsfer, and more Bill payment
Menufy, Takeaway and Thuisbezorgd NL Takeout delivered to your door
Expedia, Cheapair, Destinia, Abitsky, SkyTours, the Travel category on Gyft and 9flats For when you need to get away
Cryptostorm, Mullvad, and PIA VPN services
Namecheap, Porkbun Domain name registration
Stampnik Discounted USPS Priority, Express, First-Class mail postage
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

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.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
WorkingForBitcoins, Bitwage, Cryptogrind, Coinality, Bitgigs, /Jobs4Bitcoins, BitforTip, Rein Project Freelancing
Lolli Earn bitcoin when you shop online!
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
/GirlsGoneBitcoin NSFW Adult services
A-ads, Coinzilla.io Advertising
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.

Bitcoin-Related Projects

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.
Project Description
Lightning Network Second layer scaling
Blockstream, Rootstock and Drivechain Sidechains
Hivemind and Augur Prediction markets
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
JoinMarket and Wasabi Wallet CoinJoin implementation
Coinffeine and Bisq Decentralized bitcoin exchanges
Keybase Identity & Reputation management
Abra Global P2P money transmitter network
Bitcore Open source Bitcoin javascript library

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
bitcoin BTC 1 bitcoin one bitcoin is equal to 100 million satoshis
millibitcoin mBTC 1,000 per bitcoin used as default unit in recent Electrum wallet releases
bit bit 1,000,000 per bitcoin colloquial "slang" term for microbitcoin (μBTC)
satoshi sat 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!
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ARK. Here's what's it's all about, what's been going on, and what's coming. [Explain Like I'm Busy]

Dude, it said explain like I'm busy I'm not going to read all this

No problem. Check out these hand-picked relevant ARK Crypto Podcast episodes. Learn while you listen, drive to work or home, cook a steak, give your dog a bath, etc.
If you have decided to read all this, thanks, keep reading for a concise breakdown!

So what's the current big thing going on with ARK right NOW?

ARK.io has recently announced on both its blog and its Twitter that ARK Core v2.6 is coming to Mainnet February 11th. The iteration of 2.6 may sound anticlimactic, but it's far from that. Core v2.6 is the biggest upgrade to date- even bigger than the total Core overhaul performed for v2.0, deployed late 2018.
The new version brings new transaction types to the ARK Public Network, including types that will play a role in creating an ecosystem of linked chains. This ecosystem of linked chains will have the ARK Public Network in the center of the action, storing chain details and allowing for chain discovery.
These new transaction types include:
Multipayments — sending to multiple ARK addresses, while just initiating one transaction, saves time and cost
Multisignatures — you can now get all of the benefits of multisignatures where more than one user can propose or spend funds depending on the predefined terms (eg. 2 out of 3 users needed to successfully send tokens, vote, …)
IPFS — register IPFS compliant hashes on the ARK blockchain within Desktop Wallet.
Business & Bridgechain registrations — you can now register your business and bridgechain on the blockchain and soon, you will be able to get verified via our Marketplace to get access to some exciting new features.
Delegate resignation — delegates who don’t want to be voted for anymore can now opt-out of this by simply initiating delegate resignation.
Additionally, the Core v2.6 improves security against double-spend attacks by implementing nonces. Also, massive enhancements were made to the GTI or Generic Transaction Interface, a critical tool for developers who wish to develop decentralized applications.

What is ARK's unique approach to current issues plaguing the blockchain industry?

ARK empowers everyone, regardless of their aim or technical background, to quickly and easily leverage blockchain technology. In the current hype-driven blockchain landscape, ARK acts as a beacon for individuals, groups, and enterprises seeking to apply blockchain technology to both reach their individual goals and affect change in their local community. ARK’s uniquely simple technology stack allows almost anyone to create and deploy standalone blockchains for any use case with an intuitive graphical user interface and experience. These newly created blockchains also known as bridgechains will have the ability to interoperate through ARK SmartBridge Technology. ARK is also reinventing smart contracts with ARK Logic, a collection of tools including custom transaction types, templates, and plugins. ARK Logic brings security, adaptability, and scalability to decentralized computing workflows. Most importantly, the ARK Ecosystem fosters a growing international community of developers, node operators, blockchains, businesses, and enthusiasts who collectively breathe life into this disruptive technology. Get into the interactive whitepaper here.

Tell me about the ARK Public Network

Ok, no problem. Since coming online on March 21, 2017, the APN has operated as a P2P cryptocurrency with fast block times of 8 seconds and low dynamic fees (near a penny and somewhat novel for a DPoS blockchain). However, the end goal of the APN far exceeds that of just a cryptocurrency that is faster and cheaper to use than Bitcoin. I'll explain further in a minute.
The network, as mentioned, is set up as Delegated Proof-of-Stake. This means forging delegates are deemed worthy to secure the chain and add blocks to it by the holders of the ARK token, which vote for delegates using their ARK as vote weight. ARK remains in users' control at all times, and the top 51 delegates in vote weight enter forging status. The network awards each delegate 2 ARK per block (~12,705 ARK/mo) for services rendered. This continues ad infinitum resulting in a declining inflation rate each year (relative to total supply). When users add or remove ARK from a voting wallet address, vote weight adjusts automatically and they don't need to vote again. Voting continues even if user's wallet is offline.
The main uses of ARK as the cryptoasset of the ARK Public Network besides being a P2P cryptocurrency include:
If you're interested in more details about APN uses, check this direct link to that section of whitepaper.

Is team good?

Yes, team good. Team very good. General sentiment among ARK team members is that ARK is a dream project to work on, and this motivates them to do great work on a consistent basis as the ARK technology stack progresses. Very recently, ARK hired an additional half dozen people in various departments, including marketing department. This brings ARK team total to over three dozen experts. The ARK business entity is also well funded with around 10 years of budget. The ARK business entity spends funds in a very sensible manner compared to some other projects who spend with insufficient foresight or discretion.
Members of the board are thoughtful and deliberate, and the CEO FX Thoorens has been hard at work putting a spotlight on ARK, showing an 'intermeshing' of ARK with the global regulatory landscape in regards to crypto. Recently, ARK became a founding member of ADAN, a professional association based in France created to help structure and develop the digital assets industry. Other members include Consensys France and Ledger. ADAN will consult with public authorities, industry leaders and private bodies to promote the use of digital assets and all activities in this sector. This includes exchange platforms, brokers, hardware, protocols, decentralized applications and blockchain technology platforms. Hear FX Thoorens talk more about this in this podcast episode.
The ARK business entity is located in France, but the ARK team is distributed across 10+ countries and multiple continents.

What's going to happen?

Cool stuff. Organizations and open source projects have been stumbling across ARK and really like what they see. Multiple projects are working with ARK technology and are at various stages of development, but since you're busy, I'll highlight the project nOS which recently launched their public testnet and uses ARK technology for their blockchain. nOS also has great things to say about ARK that you can hear in this podcast episode or watch in this video.
We believe that as more businesses, organizations, and open source projects start looking around for blockchain solutions, they will also enjoy ARK's simplicity, flexibility, and feature set. Our powerful technology stack is backed up by a recently upgraded documentation hub for developers.
The product we have that makes it very easy for projects to join the ARK Ecosystem is called the ARK Deployer, which you can learn about in this two minute video. It allows developers from all walks of life to create, customize and launch a standalone blockchain in three simple steps. In the near future, what's going to happen is a big improvement to the Deployer. The ARK Deployer will get an upgraded and more powerful user interface that also facilitates chain management post-launch, as well as interface directly with cloud providers like Digital Ocean to launch genesis node and peers in background. This would allow for a massive leap forward in our vision of 'Point. Click. Blockchain.'
ARK.io is also working on a Marketplace for developers, where custom plugins and tools developed by both ARK.io as well as third parties can be acquired for assembling blockchains much easier. Imagine a wordpress-type environment where you can create a super-powerful and customized blockchain by connecting Legos together. In the same way that early World Wide Web needed WordPress/Squarespace style tools to bring the technology to every business or organization, we believe that this need will be out there for blockchain technology as this new decade progresses.
There is more cool stuff that is going to happen, but I'll wrap it up there for now.

After reading all this stuff, what is it you want me to do?

Well, not make any financial decisions, because that is not the purpose of this information. However, as a developer, there's a lot of interesting things you should know and may want to consider doing. The ARK technology stack uses TypeScript and other JS-style frameworks, so if you know those, you should get excited.
Here's some additional less 'developery' stuff you can do:
Thanks for coming along for the ride of this post. ARK has been out here, it's out here, and it's going to continue to be out here, doing its part to make sure everybody knows that blockchains are, in fact, a thing.
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05-25 16:44 - 'Aside Bitcoin & Ethereum, What are the Best Crypto Coins to Invest in?' (self.Bitcoin) by /u/Wealthycafe removed from /r/Bitcoin within 4-14min

'''
Before thinking of investing in any cryptocurrency, it is wisely for one to know the market values, features, market and potential. The fact that there are over 2,000 cryptocurrencies currently available to traders and investors makes it even harder to know the best ones to bet your money on.
Investors and traders, especially new market entrants, find it hard to choose the top crypto coins to invest in. This is because the market changes, and different cryptocurrencies peak for various reasons, and you can’t just rush into any decision.
Early days of 2020 has been a devastating one so far for the cryptocurrency space and the financial markets in general. The coronavirus (COVID-19) outbreak has been the primary topic of discussion so far this year, and it has affected several economies around the world.
Knowing [which Cryptocurrency to invest in]1 might prove to be a difficult task for you if you’re not updated on the performance of the cryptos. You can’t make investment decisions based on emotional judgments. Cryptocurrencies can jump up or down the ranking order in a matter of time, as recently Bitcoin and Ethereum are indeed the top cryptocurrencies to invest but the market is changing gradually. With this let’s have a look at the new and emerging cryptocurrencies of 2020:
1 – Ripple (XRP)
XRP is another cryptocurrency that is gaining wide adoption, its the third cryptocurrency by market capitalization but first in my ranking, Ripple (XRP) is among the most promising investments in this list. thanks to the various technologies rolled out by Ripple. An increasing number of banks across the globe are using XRP and its technologies for faster, cheaper and easier cross-border transactions. It’s solid technology and network are rapidly opening new opportunities in the field of international commerce, banking and payment networks. MoneyGram has continued to expand its strategic partnership with Ripple as the first money transfer company to scale the use of blockchain capabilities.
2 – Zcash (ZEC)
Even if Zcash is predominantly new to the market, it has covered several grounds in such a short span. The CEO, Zooko Wilcox-O’Hearn is forward-thinking and continuously plans for growth and expansion strategies. At the moment, Zcash has around 21 million coins in transactions. Investing in Zcash is easy as you can enjoy a certain level of anonymity and can get the detailed report of the transactions you’ve carried out, hence making it one of the best cryptocurrencies to invest.
3 – Dash (DASH)
Digital Dash should be included in top cryptocurrency list when it comes to investment opportunities. Although it was created in 2015, its market capitalization hit $2,036,525,273.Within this short span, they have consistently handled about $100 million worth of transactions daily as they are safe and secure. DASH is one of the best cryptocurrency to buy right now.
4 – Neo (NEO)
Two names always pop in our minds when we talk about blockchain and innovation- Vitalik Buterin and Da Hongei. The former as we know is the creator of Ethereum, wherein the latter is the creator of NEO coin. The NEO technology is underpinned by a Delegated Byzantine Fault Tolerant system, which adds sophistication to the system. Its improved proof of stake tech makes it one of the best cryptocurrencies to invest in.
By now, you might have got a fairer idea of the crypto world works which will be good for your investment in 2020. As stated earlier, investment is a risky process so it shouldn’t be rushed. You should always take investment decisions in a logical manner.
5 – Steem (STEEM)
Steemit, the blogging, and social media platforms have decided to venture into cryptocurrencies. Activities like writing blogs and comments will award tokens to the writers. This token can be used for payment of other things on the platform. This is booming as more and more budding writers are showing their interest in this social media creative writing enabler.
6 – Cardano (ADA)
Cardano is the distributed computing platform that implements blockchain technology for the ADA coin. As a decentralized blockchain platform, Cardano is an entirely open-source cryptocurrency project, it is also the first cryptocurrency platform, based on the Haskell code, an industrial product used for mission-critical systems as well as one of the cheap cryptocurrencies to invest right now.
7 – Tron (TRX)
In spite of its occasional increase, Tron is attracting more and more investors. The reason is that most of the investors are realizing its potential in the upcoming months. Buying when low is the holy grail in the cryptocurrency bible. Launched by Justin Sun, Tron is set on a decentralized platform. Fast and secured transactions can be made with the help of this currency. The main motive is to promote and support the entertainment industry which enables all the users to upload and download various types of media without the intervention of third parties like Google Play Store and other middlemen parties.
8 – Nem (NEM)
Nem is different from other cryptocurrencies to invest in because of two main reasons. You harvest instead of mining as is the case for other cryptocurrencies. The other concept is proof-of-importance to determine who harvests the next block. NEM transactions take around 6 seconds to show up and 20 seconds to confirm. NEM is incredibly scalable which takes about 3000 tx/s where BTC is bogging down at 4 tx/s. Another advantage is that the transaction cost is ultra low, around .01% fee. So you need a penny to send $100 or 10 cents to send $1000.Isn’t that awesome?
Thanks for taking your time to read through my article. Am a Blogger, Crypto Trader and Writer, please also read my Analysis on [Best cryptocurrency to invest in during and after the pandemic]2 . Also drop your comment let's learn together.
'''
Aside Bitcoin & Ethereum, What are the Best Crypto Coins to Invest in?
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Author: Wealthycafe
1: we*lthycaf**com**g/best*cryp*ocur*e**y-t*-in*est-in* 2: wealthy*a*e*co*.ng/b**t-*ryptocu*r*n*y-to-inv*st-*n*
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05-11 12:14 - 'Bitcoin Third Halving D-Day: Understand Everything in 5 Minutes' (self.Bitcoin) by /u/ThisisMariusKramer removed from /r/Bitcoin within 116-126min

'''
For months now, the entire Bitcoin community has been waiting for this great day. This incredible expectation has now surpassed the cryptocurrency world as shown by the explosion of search volume for the term “Bitcoin Halving” on Google.
This Monday, May 11, 2020, Bitcoin third Halving will take place.
A lot has been written about this third Halving. Nevertheless, some people still ask me questions about what the Bitcoin Halving is. To help you get ready, I give you in 5 minutes the keys for understanding everything about this third Bitcoin Halving.
Bitcoin’s Monetary Policy is Predictable and Transparent
Bitcoin supply is finite. There will never be more than 21 million Bitcoins in circulation. This limit is written into Bitcoin’s source code, and it cannot be changed without a consensus within the community.
Concretely, this limit of 21 millions will never change, because it is an incredible strength of Bitcoin.
At the time of this writing, 18,373,937 BTC have already been mined. This means that 87.49% of all Bitcoins have already been created. There are only 12.51% of Bitcoins left that can be created.
Bitcoin is therefore the scarcest invention ever created by man.
Transactions on the Bitcoin network are grouped into blocks. In order to correctly add a block of transactions to the Bitcoin Blockchain, some specific users of the network will have to solve a mathematical puzzle that requires phenomenal computing power.
These particular users are called miners. They put their computing power at the disposal of the network in order to secure the network.
When a miner successfully solves this mathematical puzzle for a given block, that block of transactions is added to the Bitcoin Blockchain. As a reward, the miner, or more generally the pool of miners, receives a Bitcoin reward.
The new Bitcoins are created at that moment.
Bitcoin Halving Reduces the Production of New Bitcoins Over Time
When Satoshi Nakamoto launched the Bitcoin network on January 3, 2009, this reward was 50 BTC. For every 210,000 blocks of transactions validated, this reward is halved in an operation called Halving.
Currently, Bitcoin is at block height 629,942:
Since a Bitcoin Halving takes place every 210,000 blocks mined, this means that there have already been two Halvings so far:
The first took place at block height 210,000 on November 28, 2012. The reward was then decreased from 50 BTC to 25 BTC.
The second took place at block level 420,000 on July 9, 2016. The reward then went from 25 BTC to 12.5 BTC.
Bitcoin third Halving will take place at block height 630,000, in 85 blocks.
On average, a new block is issued every 10 minutes. This gives predictability to the issuance of new Bitcoins. We can therefore estimate that 6 blocks are mined per hour, or a total of 144 blocks per day.
With a current reward of 12.5 BTC per mined block, the daily production of new Bitcoins is 1800 BTC.
At block height 630,000, the third Bitcoin Halving will take place. From that moment on, the reward will be 6.25 BTC. The average daily production of new Bitcoins will then be 900 BTC.
This third Halving will be a historic supply shock that will bring inflation down below 2% to 1.8%.
The date of each Halving cannot be accurately predicted. The reason is simple: the production of the blocks will depend on the computing power available on the Bitcoin network. This computing power is called the Hash Rate.
When the Hash Rate rises sharply, time between production of each block falls below 10 minutes. When the Hash Rate drops, time between production of each block rises above 10 minutes. The average delay between each mined block clearly shows this:
In order to keep the predictability of new block issuance on the Bitcoin network, the difficulty to mine a block is adjusted every 2016 blocks, approximately every 2 weeks.
If the Hash Rate has increased sharply previously, causing the block production time to drop below 10 minutes, the difficulty will increase. If the Hash Rate has previously dropped sharply, the difficulty will decrease.
The evolution of the mining difficulty since the creation of Bitcoin clearly shows that mining a new block has become more and more demanding in terms of computing power:
Bitcoin’s Predictability Provides Its Users With Essential Guarantees
By guaranteeing this predictability, Bitcoin allows its users to know in advance how Bitcoin supply inflation will evolve in the coming Halvings:
At block height 840,000, probably in 2024, the reward will be 3,125 BTC. The daily average production of new Bitcoins will be 450 BTC.
At block height 1,050,000, probably in 2028, the reward will be 1,5625 BTC. The daily average production of new Bitcoins will be 225 BTC.
At block height 1,260,000, probably in 2032, the reward will be 0.78125 BTC. The daily average production of new Bitcoins will be 112.5 BTC.

Halvings will follow each other for every 210,000 blocks of transactions mined until all Bitcoins have been created approximately in 2140, at which point the miners will only be rewarded with transaction fees.
Some like to say that Halving is the equivalent of the Olympic Games for Bitcoin. Halving is a great marketing campaign for Bitcoin every 4 years.
Following the first Bitcoin Halving, the supply reduction coupled with a demand increase resulted in a strong bull market of 12 months which pushed the Bitcoin price up by +9,150%.
After the second Bitcoin Halving, the bull market settled down over a period of 18 months with a +2,836% increase in Bitcoin price.
Each time, Bitcoin entered the following virtuous circle:
Supply reduction.
At constant demand, Bitcoin price starts to rise.
Increase in demand due to Bitcoin price increase.
Even higher Bitcoin price increase.
Back to step 3.
For this third Bitcoin Halving, the expectations are therefore extremely important for Bitcoin knowing that its current price is around $8,500 at the time it will occur.
After reading this story, I think you are ready for the big day.
In a few hours, [Bitcoin ]1 third Halving will take place, and with all the cards in your hand to understand what it is all about, you can make the best possible decisions in the days and weeks to come
'''
Bitcoin Third Halving D-Day: Understand Everything in 5 Minutes
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Author: ThisisMariusKramer
1: telegra.ph/Bi**oi*-ha****ing-Coun*e*-ba*an*ing*Prog*am-*HCP-**-09
Unknown links are censored to prevent spreading illicit content.
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AOL Tech Support Phone Number ☻+𝟏-8OO,-3O8,-1474 USA Email Phone NUMber


AOL Customer Service Phone Number 1800 1888 mail care Call/Contact Tech Support 800 telephone Representative, Help Desk Helpline center Email & webmail address, Live Chat support agent official site for bill payment
AOL customer service Phone number, email address and full contact us now details are contained in this post.

AOL Customer Care Number
AOL is an American multinational telecommunications and mass media company, incorporated on October 5, 19883 having its headquarters in Dallas, Texas and the United States. This conglomerate holding company (AOL) has a wide range of products including Satellite television, Digital television, a fixed line telephone, Mobile phone, IPTV, OTT Services, Broadband, Network security and Home Security. It has two major divisions: At & T Communications and AT & T International. You might want to learn more on Wikipedia.
AOL operates through different four divisions as Business Solutions, Entertainment Group, Consumer Mobility and International. These segments generate the various subsidiaries of AOL Inc.
AOL Digital Life
AOL Dish
AOL Internet
AOL Corporation
AOL Mobility
AOL Originals
AOL Labs
AOL U-verse
AOL GoPhone
AOL SportsNet
AOL Mexico
AOL
• Cricket Wireless
• Otter Media
• DirecTV
AOL Mobility
• SKY Brasil Services Ltda.
Major Services of AOL: this world’s largest telecommunications company offers numerous great services, some of which are highlighted below:
  1. Wireless Communications
  2. Digital entertainment
  3. Internet interactive game playing
  4. Rendering internet services
  5. Digital video services
  6. Local and long distance telephone services
  7. Sales of telecommunications equipment
  8. Home and office network management
  9. Wholesale of services and products
  10. Mobile share plans
  11. Equipment instalment programs: allowing users to upgrade their handset to a greater version.
  12. Roaming network services
  13. Creating internal data networks
  14. High-speed internet usage
  15. External data network assessment
  16. Transferring of data other users or multiple lines
  17. Providing business voice applications
  18. Provides complex global data networks
  19. Enables inter-office electronic communications
  20. Support for network designing
  21. Network management of varying scales
  22. Enabling database applications: e-mail, order entry systems, employees directories and human resources transactions
  23. Intrastate, interstate and international wholesale networking capacity to other service providers
  24. Voice and data services
  25. Availability of postpaid or prepaid pricing plans
  26. It offers consulting and advertising services
  27. Allows unused data plans to be rolled over to the next month
  28. Wi-Fi services
  29. Supports for travelling abroad
  30. And other lots of great services offered by its various services.
AOL Customer Service Full Contact Details
Now, if you are interested in utilizing any of the AOL goods and services stated above, you will need to get more details of its products through the AOL customer service agents or their website. Or are you a customer already with some issues regarding making payments, usage checking, getting your balance, upgrading your wireless devices, or having any other queries, complaints and suggestions? Then you will have to make use of our listed contacts details of the AOL customer service support. Look through carefully so that you will know which of the right number to call for your specific requirement.
AOL Subsidiaries Telephone Numbers
AOL Digital Life: +𝟏8𝟎𝟎-3𝟎8-1474
AOL Dish: +𝟏8𝟎𝟎-3𝟎8-1474
AOL Internet: +𝟏8𝟎𝟎-3𝟎8-1474
AOL U-verse: +𝟏8𝟎𝟎-3𝟎8-3𝟐𝟐𝟐
AOL GoPhone: +𝟏8𝟎𝟎-3𝟎8-1474
AOL HomePhones: 𝟏8𝟎𝟎-3𝟎8-1474
• Cricket Wireless: 𝟏8𝟎𝟎-3𝟎8-1474
• DirecTV: 𝟏8𝟎𝟎-3𝟎8-1474
AOL Customer Support Phone Numbers.
You can also access their other AOL services by using the stipulated customer care phone numbers below:
• Web Conferencing: 𝟏8𝟎𝟎-3𝟎8-1474
• Audio Conferencing: 𝟏8𝟎𝟎-3𝟎8-1474
• Host Account Administration: 𝟏8𝟎𝟎-3𝟎8-1474
• Billing & Invoice Inquiries: 𝟏8𝟎𝟎-3𝟎8-1474
AOL Prepaid: 𝟏8𝟎𝟎-3𝟎8-1474
• Travelling abroad Support: 𝟏8𝟎𝟎-3𝟎8-1474
• Disability resources: 𝟏8𝟎𝟎-3𝟎8-1474
Call AOL customer service 𝟏8𝟎𝟎-3𝟎8-1474 number for Internet usage support, Digital Phone support, fixing any technical issues and general support.
AOL Tech Support Phone Number AOL phone Number Feedback, and Suggestions
AOL Tech Support Phone Number 😂 😂 😂 😂
To recover a lost password, you can contact Windows Live AOL support using a different form. For general support, follow these instructions.
Check Windows Live AOL's status for current issues.
Toll free may already be aware of a problem with Windows Live AOL and working on a resolution.
Go to the Windows Live AOL forum on Toll free Answers.
Click Sign in in the top right corner if you are not yet signed into Toll free Answers.
If you are not logged in to your Windows Live AOL account:
Enter your Windows Live AOL address under Windows Live ID:.
Type your Windows Live AOL password under Password:.
Click Sign in.
If you cannot sign in to your Windows Live AOL account, you can try to recover your password or create a new, temporary, Windows Live account.
If you have not created a Toll free Answers profile yet:
Enter the name you want to appear with your posts in the Windows Live AOL forum under Display Name:.
Type your Windows Live AOL address (or another address where you want to receive optional notifications of replies to your question) under Email address:.
Make sure I accept the Answers Code of Conduct is checked after you have read and accepted the code.
Click Sign Up.
Click Ask a question.
Type the headline of your question — ideally a short summary — under Post your question to the community.
Click Ask.
Look under Before you post your question... tab to see potentially helpful answers to similar questions.
Fill in your problem and question under Details:.
Include as much information as possible. If something comes to mind (a change at your internet service provider's network infrastructure, for example, or a web site that prompted you to install a program) and you think it must be insignificant, do list it.
Make sure AOL, Messenger & SkyDrive is selected under Forum.
Now make sure AOL is selected under Product.
Pick the most appropriate category under Topic.
Choose Yes Mobile under Mobile version? if your problem is with Windows Live AOL on the road; otherwise, make sure Not Mobile is selected.
Leave Notify me when someone responds to this question checked to receive notifications at the email address you entered earlier.
AOL is an encrypted proprietary web-based email service offering PGP-encrypted e-mail and vanity domain service. AOL uses OpenPGP standards. If public encryption keys are available to both recipient and sender, AOL can convey authenticated, encrypted messages in both directions-AOL mail has been launched for fulfilling requirement of checking the mails through any device. It has made easy for the users to access the account from even a simple computer. With this mail account you can simply “Sign-In” in your account by putting the email address and the password. Once you “Sign In” you can check the activity of your mail account. You can compose, read the incoming mail and also download the large file attachments.
Majority of people has been registered with AOL premium email account because it is completely different from other mail accounts with number of favorable qualities available in it. It is currently considered as one of the leading webmail application that has got the remarkable reputation among the users and it’s effectual AOL email customer support is always available for those users who generally face issues while handling accounts. To update them the customer carenical team attends sessions which over different parts require for the effective support.
Why Contact AOL 24/7 Support Number:Being a part of AOL and AOL services it offers a easy handling mailing option but there are also many customer carenical glitches occurs with users that you may face as well. For these issues you can contact customer carenical support to get help and you can find plenty of them in the internet. Customer carenical support is available 24x7 so that you can contact them according to your convenience.
AOL enterprise Email Account Troubleshooting sources:AOL password not workingNew account sign up assistanceControlling spam, junk and phishing mailsConfigure mail account intovariousmailingservicesanddIssues in sending/receiving mail
Let’s have some discussion on the AOL premium mail issues solved by the team of AOL online phone support-
Setting the AOL account on Android
From your “Application” menu select the icon of Email
Enter the name and password and now “Manual setup” should be selected
“POP3”should be selected now
Directly you would access the “Incoming server settings”
The email address should be ended with u/Bitcoin.net
Do the change in the incoming server box so, that it will display “pop.mail
Tap the option for “Next”
Go and now you should click on “Outgoing server settings”
Go and do the selection of “Edit” for outgoing server settings that will show “smtp.mail
“Next” should be selected now
You can access to the page where you would be assign with “Display/Account names
Emails would come in few minutes so, you should wait
If the process is taking too long to execute then you can contact AOL internet support
Change the password of AOL desktop mail account
First you should go to the page of AOL as you know that AOL online account has been merged with AOL
Tap on the icon of “Mail” that is at the upper right side of the screen
Do the “Log In” process with your AOL email address and password or you can select the button by selecting the “Forget password”
When your “Sign In” process complete “AOL account info” should be selected
Now “Manage password and security” should be selected
Now access to the AOL online account management
Once entering the email address and password you would get directed to the password reset page
Set your password and save the changes made by you
During this process if your internet connection becomes slow then contact the AOL WiFi customer serviceAOL email customer service
The error that generally comes while handling the account needs to remove any time stretch so, that none of the bugs can affect the email account further. The customer service has been designed and introduced to give immediate relief to the users. If you are one of the users who currently facing the bugs then you can trust the customer service team of Bitcoin. The support team is ready to be your companion.
submitted by aoltechmail to u/aoltechmail [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

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.
The following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
For some more great introductory videos check out Andreas Antonopoulos's YouTube playlists, he is probably the best bitcoin educator out there today. Also have to give mention to James D'Angelo's Bitcoin 101 Blackboard series. Lots of additional video resources can be found at the videos wiki page or /BitcoinTV.
Key properties of bitcoin
Some excellent writing on Bitcoin's value proposition and future can be found here. Bitcoin statistics can be found here, here and here. Developer resources can be found here and here. Peer-reviewed research papers can be found here. The number of times Bitcoin was declared dead by the media can be found here. Scaling resources here, and of course the whitepaper that started it all.

Where can I buy bitcoins?

BuyBitcoinWorldwide.com and Howtobuybitcoin.io are helpful sites for beginners. You can buy or sell any amount of bitcoin 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.
Bank Transfer Credit / Debit card Cash
Coinbase Coinbase LocalBitcoins
Gemini Bitstamp LibertyX
GDAX Bitit Mycelium LocalTrader
Bitstamp Cex.io BitQuick
Kraken CoinMama WallofCoins
Xapo BitcoinOTC
Cex.io
itBit
Bitit
Bitsquare
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Cashila or 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.
Android iOs Desktop
Mycelium BreadWallet Electrum
CoPay AirBitz Armory
Another interesting use case for physical storage/transfer is the Opendime. Opendime is a small USB stick that allows you to spend Bitcoin by physically passing it along so it's anonymous and tangible like cash.
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, usually from a text message or app, 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.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

A more comprehensive list can be found at the Trade FAQ but some more commons ones are below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Steam, HumbleBundle, Games Planet, itch.io, g2g and kinguin For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, The Bitcoin Shop, Overstock, DuoSearch, The Bitcoin Directory and BazaarBay Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg and Dell For all your electronics needs
Cashila, Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, Pey.de, LivingRoomofSatoshi, Hyphen.to, Coinsfer, GetPaidinBitcoin, Coins.co.th, More #1, #2 Bill payment
Foodler, Menufy, Takeaway, Thuisbezorgd NL, Pizza For Coins Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege the Travel category on Gyft and 9flats For when you need to get away
BoltVM, BitHost VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap, Porkbun For new domain name registration
Stampnik and GetUSPS Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap, 99Bitcoins and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, Red Cross, Amnesty International, United Way, ACLU and the EFF. You can find a longer list here.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

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. Bitseed is an easy option for getting set up. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
WorkingForBitcoins, Bitwage, XBTfreelancer, Cryptogrind, Bitlancerr, Coinality, Bitgigs, /Jobs4Bitcoins, Rein Project Freelancing
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
Watchmybit, Streamium.io, OTika.tv, XOtika.tv NSFW, /GirlsGoneBitcoin NSFW Video Streaming
Bitasker, BitforTip, WillPayCoin Tasks
Supload.com, SatoshiBox, JoyStream, File Army File/Image Sharing
CoinAd, A-ads, Coinzilla.io Advertising
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)

Bitcoin Projects

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.
Project Description
Lightning Network, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mirror Smart contracts
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bitsquare Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Bitmesh and Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium and Faradam Pay in real time for on-demand services
Abra Global P2P money transmitter network
bitSIM PIN secure hardware token between SIM & Phone
Identifi Decentralized address book w/ ratings system
Coinometrics Institutional-level Bitcoin Data & Research
Blocktrail and BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μL) or micrometre (μm)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $500 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. A complete list of bitcoin related subreddits can be found here
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!
submitted by BinaryResult to Bitcoin [link] [comments]

⟳ 870 apps added, 78 updated at f-droid.org

Notice: this update is spurious, and the issue is being looked at.
⟳ f-droid.org from Wed, 26 Feb 2020 20:21:50 GMT updated on Sun, 01 Mar 2020 05:23:29 GMT contains 2962 apps.
Added (870)
Updated (78)
2020-03-01T05:53:18Z
submitted by BrainstormBot to FDroidUpdates [link] [comments]

03-29 14:04 - 'Should blockchain projects really be decentralized?' (self.Bitcoin) by /u/Blockchain_Topbuzz removed from /r/Bitcoin within 371-381min

'''

In recent days, the FCOIN crisis has received the most attention.

Zhang Jian, founder of Chinese crypto exchange Fcoin, revealed in a [post]1 On February 17. Zhang Jian's ‘[Truth announcement]2 ’ seemed to put a bomb in the market. Before that, because the team lost contact for many days, the scandal of the team's dissolution was already rumoured for several days. Now, after the scandal that "FCoin may not be able to pay the 7,000-13,000 BTC" broke out, the only illusion left by investors is finally broken.
In July 2018, Fcoin began the community-based governance. Last October, FMEX, a contract trading platform owned by FT ECOLOGY, officially launched. However, the FMEX daily volume fell from the day of launch, which was astonishing. Coincidentally, in the same month, the public chain project aelf was also involved in rumors that the aelf team had dissolved the wechat community, which indicates that the team might be facing dissolving.
As it turned out, however, the decentralized cloud computing blockchain network project, aelf, wasn't dissolving, but attempted to return to the community by playing down the influence of the founding team.
FCoin, on the other hand, which claimed to be community-based governance, eventually collapsed because of Zhang Jian's team's terrible decision making, and has again raised questions about decentralization and community governance. Is it a false proposition to give back to the community? Should blockchain projects really be decentralized?

Giving back to the community = Escaping with money?

Communitization was once regarded as the biggest "Feature" of FCoin.
Over the past year, FCoin has set up Social Committees, Basic Regulations, Community Partnership System, Community Discipline Supervision Committee, Community Organization Departments, and Professional Committees that cover a wide range of talents. Together with the collective decision-making + Division of Labor and Cooperation Mechanism formed by the Social Committee, it seems that FCoin's decision-making has basically achieved community-owned and community-driven.
Judging from the completeness of the mechanism, FCoin stands out among all the blockchain projects/teams on the market. However, it was not until FCoin crashed that people realised that this platform, where decision making is handed over to the community and community governance is implemented, has had a serious payment crisis for a long time. But this fact was not known to the community, leading to the outside world believing that FCoin was functioning properly, and there was no omen for the final collapse.
It makes you wonder: Did FCoin really give back to the community? Over the past two years, following the large drop in the blockchain markets, many projects were nominally "de-centralized", but in reality, were simply exit-scams. After such things happen over and over again, people have concerns about the team's loss of contact and giving back to the community. However, the ultimate collapse of FCoin, which advocated community focus, undoubtedly puts a big black spot on community-owned and community-driven projects.
There is a reason why investors continue to accumulate doubts. Last May, ONO, a blockchain project, was shut down and its founder was accused of starting a new business. However, the founders later publicly responded that the project is still ongoing and they were working on the ONO innovation model, which is expected to be launched in December.
But until now, we haven't seen any new developments in the project, and the founder has long disappeared. Even if project decentralization is seriously stigmatized, in the crypto world, there are many projects that fulfill the dream of giving it back to the community.

Why do people still believe in decentralization?

BCH's Infrastructure Funding Plan have been the hotly debated. the proportion of Miners' donations are also updated with community recommendations. and miners and developers can also vote on and participate in decisions-making about proposals that affect their vital interests.
Last month Vitalik Buterin, the founder of Ethereum, a well known project, said in public that from a technical perspective, Ethereum is certain to survive because of the number of well coordinated developers. However, from the social perspective, he is not very sure. BUTERIN's statement also shows us how important a founder can be in a blockchain project.
During the second half of 2019, aelf was involved in the rumors. On October 21 last year, several wechat groups whose name including aelf suddenly disbanded. Due to the endless occurrence of exiting with money in blockchain projects, investors began to worry about whether the aelf team has dissolved.
However, the follow-up situation proves that the decentralized cloud computing blockchain network project is not dissolving, but was trying to return to the community by downplaying the role of teams.
We found ‘aelf community’, a WeChat official accounts platform, keeps tracking aelf project's progress. While there had been rumours that aelf had disbanded in the last quarter of last 2019. But in fact, during this period, aelf has been providing regular updates of the progress about its R & D and ecological construction to the outside world.
For example, the day after the rumor spread, aelf announced that it would launch the public test with awards for the aelf Enterprise 0.8.0 beta. On Oct 29th, aelf Enterprise was officially listed on Google Cloud Marketplace. Up to now, it has launched on Amazon AWS, Google Cloud, Microsoft Cloud Azure and Huawei Cloud platforms, and has become Amazon AWS and Huawei Cloud Technology partners, providing a more efficient, convenient and high-quality development environment for enterprise users (supporting multi cloud operation). Besides, Team members also continue to make their voices heard in international media or events.
On the other hand, aelf is also promoting its technology’s R & D. From the GitHub code base of aelf, we can see that the code development of aelf has been steadily active since the second half of last year.
Another perspective, from Dec 2019 to Feb 2020, aelf successively released aelf Enterprise V0.9.0 and aelf enterprise V 0.9.2. It is known that aelf Enterprise, a blockchain commercialization solution featuring "Independence, Efficiency and Security", can be used by all industries involved in value transfer to build the underlying blockchain. It is especially suitable for solving the problem of high cost of maintaining credit in business cooperation scenarios such as aviation, tourism, financial services, real estate, logistics, etc.
In addition, aelf seems to have some achievements on theoretical research. On 17 Feb. 2020, aelf officially launched the aelf Economy and Governance White Paper, which describes the various roles and interests in the ecosystem, including the rights of production nodes, candidate nodes, investors, developers and cooperation rules.
Decentralization is not without a bright future. The founder of Bitcoin disappeared for a decade, and bitcoin operated normally for that time. Ethereum has successfully built a prosperous ecosystem, which is not only the credit of Buterin and the Ethereum foundation, but also the credit to the tens of thousands of ecosystem participants such as developers, miners, token holders, etc.
We don't deny that there are a lot of blockchain projects that are secretly taking investors’ funds in the name of community and decentralization. Now, with FCoin falling in this fundamental crisis, "Give it back to the community" is once again ridiculed by the public. But in fact, compared with the teams that boast to ‘Give it back to the community’, they are actually often still centralization.
Rome can't be built in a day. It's probably the safest way to gradually give up decision-making power and move towards community-based governance. At present, we do see a lot of blockchain projects, still groping for a properly motivated, sustainable way to do business, and firmly practicing the initial desire of decentralization.
'''
Should blockchain projects really be decentralized?
Go1dfish undelete link
unreddit undelete link
Author: Blockchain_Topbuzz
1: **o*n*zen*e*k.*o*/hc*zh-cn/*rt**les*360*43503273-FCoin%E7%9*%9F*E*%9*%B8?f*om*tim*line&am*;*sappi**t**led=0 2: fcoin*zendesk.com***/zh-c*/art*cles/*6*0435*32**-F*oin%E*%*C*9F*E*%9B%B*?from=ti*eli*e&**p;isapp**st*lle**0
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

Dogecoin: The Meme That Turned Into A Cryptocurrency With A $300 Million Market Cap, An Important Portal To The Crypto Space

Dogecoin: The Meme That Turned Into A Cryptocurrency With A $300 Million Market Cap, An Important Portal To The Crypto Space
http://www.cypherpunklabs.com/dogecoin-the-meme-that-turned-into-a-cryptocurrency-with-a-300-million-market-cap-an-important-portal-to-the-crypto-space/
Dogecoin (DOGE), a cryptocurrency which now has a market cap of over $300 million, and at one point a market cap in excess of $2 billion, traces its origins back to a Japanese kindergarten teacher who posted pictures of her Shiba Inu in February 2010. There was one particular picture where the Shiba Inu was glaring sideways with raised eyebrows, and for some reason this picture has a similar allure as the Mona Lisa. The picture leaves it open for interpretation as to what the Shiba Inu is thinking, and people began plastering words all over the picture to indicate the dog’s thoughts. This meme was then nicknamed the doge.

https://preview.redd.it/o5a3qeyoxmk31.png?width=500&format=png&auto=webp&s=2d34893576658da1e88576d001c8a40371e65ffd
By 2013 the doge had become a full fledged viral internet sensation, and this simultaneously coincided with the rise of alternative cryptocurrencies. In 2009 the first cryptocurrency, Bitcoin, was released. Around 2013, and perhaps a little before then, people began to fork Bitcoin’s code and create all sorts of alternative cryptocurrencies.
Billy Markus, a programmer from Oregon, decided to create a cryptocurrency that would be more fun and reach a wider audience than Bitcoin. Markus teamed up with Jackson Palmer, a marketer for Adobe Systems, and they made this new fun cryptocurrency a reality. They chose the doge meme as the basis for their cryptocurrency, since it was quite popular at the time, and also adopted the algorithm from Luckycoin, where the block rewards are random like a lottery, unlike the fixed Bitcoin block rewards. Luckycoin derived its code from Litecoin, which is the #1 Scrypt cryptocurrency, and Litecoin itself is a derivation of Bitcoin.
Also importantly, Dogecoin’s Scrypt algorithm made it so miners had a low barrier to entry. Bitcoin mining had already become so competitive that only people with specialized and expensive equipment could realistically mine Bitcoin, whereas Dogecoin could be successfully mined with a GPU or even a CPU on a regular computer. This means anyone interested could easily start mining Dogecoin without spending money on mining rigs.
Further, despite being based on a meme, Dogecoin is decentralized, which puts it ahead of most of the alternative cryptocurrencies. Dogecoin has no premine and no initial coin offering (ICO), meaning all Dogecoins in circulation were distributed via mining, and the market is less prone to centralized dumping. Dogecoin uses the proof of work (PoW) algorithm which ensures the network is decentralized as well, rather than more centralized options like proof of stake (PoS).
Dogecoin launched at the exact right time to ride the dual waves of the doge meme’s popularity and the popularity of new alternative cryptocurrencies, and less than two months after launch Dogecoin had become a major cryptocurrency with a market cap in excess of $60 million.
After that, Dogecoin continued to be quite popular for a couple of reasons. As originally intended, Dogecoin ended up being a fun cryptocurrency, and a community developed around Dogecoin, especially on the Dogecoin subreddit. People began to tip each other Dogecoin constantly, especially since there were on the order of 100 billion Dogecoins, as compared to a maximum supply of only 21 million Bitcoins. This means that someone could easily tip hundreds or thousands of Dogecoins since it is not very expensive, while it is simultaneously exciting.
The general Dogecoin culture of tipping and generosity attracted many new users who had never been involved with cryptocurrency before. Newbies would first start accumulating Dogecoin tips, and then within the community they would learn how to accumulate even more Dogecoin by mining, and this represented a launching point where such users could go on to dive into the rest of the crypto space.
That is the reason why Dogecoin is still a major cryptocurrency to this day and will likely be a major cryptocurrency for the foreseeable future. The Dogecoin community is welcoming, generous, fun, and insightful. Essentially, Dogecoin is an important portal for the crypto space.
submitted by turtlecane to dogecoin [link] [comments]

Understanding Tether: Why it accounts for a substantial part of the crypto market cap and why its the #1 outstanding issue in crypto markets today

In this post I will go in-depth on:
  1. How Tether got to be what it is today
  2. Why Tether's market cap is a lot more than 0.5% of the total market cap for crypto you see on CoinMarketCap
  3. Tether printing timing
  4. Tether reserves
  5. What could happen to the market if Tether is found to not be backed by reserves
Tether is incredibly important to the cryptocurrency market ecosystem and I've noticed far too few people understand what is going on.
Very little actual discussion of the 2nd biggest crypto by volume happens here and whenever someone starts a discussion they most often got slapped for "FUD". Tether themselves recently hired the major New York based PR firm 5W to spread positive information online and take down critics, I'm sure some of their operatives are probably on Reddit.
But its absolutely critical you understand the risks behind Tether and especially now with the explosion in reserve liability, breakdown in relationship with banks and their auditor and recently announced subpoena.

What exactly is Tether and what happened so far?

Tether is a cryptocurrency asset issued by Tether Limited (incorporated in the British Virgin Islands and a sister company of Bitfinex), on top of the Bitcoin blockchain through the Omni Protocol Layer. It is meant to give people a "stablecoin", for example a merchant who accepts bitcoin but fears its volatility could shift bitcoin into tether, which can be easier to do than exchanging bitcoin for dollars. Recently they've also added an Ethereum-based ERC20 token. Tether Ltd claims that each one of the tokens issued is backed by actual US dollar (and more recently Euro) reserves. The idea is that when a business partner deposits US dollars in Tether’s bank account, Tether creates a matching amount of tokens and transfers them to that partner, it is NOT a fractional reserve system.
Tether makes the two following key promises in its whitepaper on which the entire premise is build:
Each tether issued will be backed by the equivalent amount of currency unit (one USDTether equals one dollar).
Professional auditors will regularly verify, sign, and publish our underlying bank balance and financial transfer statement.
Tether is centralized and dependent on your trust of Bitfinex/Tether Limited, and that the people behind it are honest people. For the new entrants to this market it will be greatly beneficial understand the timeline of Tether and their connection to Bitfinex.
A brief timeline:

Most common misconception: Tether is only a small part of the total market cap

One of the most common misconception people have about cryptocurrencies is that the "market cap" amount they see on CoinMarketCap.com is actually the amount of money that is invested in each coin.
I often hear people online dismiss any issue with tether by simply claiming its not big enough to cause any effect, saying "Well Tether is only $2.2 billion on CoinMarketCap and the market is 400 billion, its only 0.5% of the market".
But this misunderstands what market capitalization for cryptocurrency is, and just how different the market cap for Tether is to every other token. The market cap is simply the last trade price times the circulating supply. It doesn't take into account the order book depth at all. The majority of Bitcoin (and most coins) are held by those who either mined or purchased for a very low price early on and simply held on as very small portions of the total supply was rapidly bid up to their current price.
An increase in market cap of X does NOT represent an inflow of X dollars invested, not even close. A 400 billion dollar market cap for crypto does NOT mean that there is 400 billion dollars underwriting the assets. Meanwhile a 2 billion dollar Tether market cap means there should be exactly $2 billion backing up the asset.
Nobody can tell for sure exactly how much money has been invested in cryptocurrency market, but analysts from JPMorgan found that there was only net inflow of $6 billion fiat that resulted in $300 billion market cap at the time. This gives us a roughly 50:1 ratio of market cap to fiat inflow. Prominent crypto evangelist Julian Hosp gives the following estimate: "For a cryptocurrency to have a market cap of $1 billion, maybe only $50 million actually moved into the cryptocurrency."
For Tether however the market cap is simply the outstanding supply, 2.2 billion USDT is actually equal to 2.2 billion USD. In order to get $50 USDT you have to deposit $50 real U.S. dollars and then 50 completely new tokens will be issued, which never existed before on the market.
What is also often ignored is that Bitfinex allows margin trading, at a 3.3x leverage. Bitfinexed did an excellent analysis on how tether is entering Bitfinex to fund margin positions
There are $2.2 billion in Tether outstanding and the current market cap of the entire market is $400 billion according to CoinMarketCap. You can actually calculate Tether as a % of total fiat invested in the market according to the JP Morgan estimate, the following table outlines for a scenario of no margin lending and 15/25% of tether being on a 3.3x leverage margin account:
Fiat Inflow/Market Cap Ratio Tether as % of total market (no margin) Tether as % of total market (15% on margin) Tether as % of total market (25% on margin)
JP Morgan estimate (50:1) 27.5 % 36.9 % 43.3 %
Even without any margin lending Tether is underwriting the worth of about 27.5% of the cryptocurrency market, and if we assume only 25% was leveraged out at 3.3x on margin we have a whole 43% of the market cap being driven by Tether inflow.
A much better indicator on CoinMarketCap of just how influential Tether is actually the volume, its currently the 2nd biggest cryptocurrency by volume and there are even days where its volume exceeds its market cap.
What this all means is that not only is the market cap for cryptocurrencies drastically overestimating the amount of actual fiat capital that is underwriting those assets, but a substantial portion of the entire market cap is being derived from the value of Tether's market cap rather than real money.
Its incredibly important that more new investors realize that Tether isn't a side issue or a minor cog in the machine, but one of the core underlying mechanisms on which the entire market worth is built. Ensuring that whoever controls this stablecoin is honest and transparent is absolutely critical to the health of the market.

Two main concerns with Tether

The primary concerns with Tether can be split into two categories:
  1. Tether issuance timing - Does Tether Ltd issue USDT organically or is it timed to stop downward selling pressure?
  2. Reserves - Does Tether Ltd actually have the fiat reserves at a 1:1 ratio, and why is there still no audit or third party guarantee of this?

Does Tether print USDT to prop up Bitcoin and other cryptocurrencies?

In the last 3 months the amount of USDT has nearly quadrupled, with nearly a billion being printed in January alone. Some people have found the timing of the most recent batch of Tether as highly suspect because it seemed to coincide with Bitcoin's price being propped up.
https://www.nytimes.com/2018/01/31/technology/bitfinex-bitcoin-price.html
This was recently analyzed statistically:
Author’s opinion - it is highly unlikely that Tether is growing through any organic business process, rather that they are printing in response to market conditions.
Tether printing moves the market appreciably; 48.8% of BTC’s price rise in the period studied occurred in the two-hour periods following the arrival of 91 different Tether grants to the Bitfinex wallet.
Bitfinex withdrawal/deposit statistics are unusual and would give rise to further scrutiny in a typical accounting environment.
https://www.tetherreport.com
I'm still undecided on this and I would love to see more statistical analysis done, because the price of Bitcoin is so volatile while Tether printing only happens in large batches. Simply looking at the Bitcoin price graph over the last 3 months and then the Tether printing its pretty clear there is a relationship but it doesn't seem to hold over longer periods.
Ultimately to me this timing isn't that much of an issue, as long Tether is backed by US dollars. If Bitfinex was timing the prints then it accounts to not much more than an organized pumping scheme, which isn't a fundamental problem. The much more serious concern is whether those buy order are being conducted on the faith of fictitious dollars that don't exist, regardless of when those buy orders occur.

Didn't Tether release an audit in September?

Some online posters have recently tried to spread the notion that Tether has actually been audited by Friedman LLP and that a report was released in September 2017. That was actually just a consulting engagement, which you can read here:
https://tether.to/wp-content/uploads/2017/09/Final-Tether-Consulting-Report-9-15-17_Redacted.pdf
They clearly state that:
This engagement does not contemplate tests of accounting records or the performance of other procedures performed in an audit or attest engagement. Our procedures performed are not for the purpose of providing assurance...In addition, our services do not include determination of compliance with laws and regulations in any jurisdiction.
They state right from the beginning that this is a consultancy job (not an audit), and that its not meant to be assurance to third parties. Doing a consultancy job is just doing a task asked by your customer. In a consultancy job you take information as true from the client, and you have no mandate to verify whether your customer's claims are true or not. The way they checked is simply asking Tether to provide them the information:
All inquiries made through the consulting process have been directed towards, and the data obtained from, the Client and personnel responsible for maintaining such information.
Tether provided a screenshots of twp bank balances. One of these is in the name of Tether Limited, and while the other is a personal account of an individual who Tether Limited claims has a trust agreement with them:
As of September 15, 2017, the bank held $60,919,810 in an account in the name of an in individual for the benefit of Tether Limited. FLPP obtained an engagement letter for an interim settlement plan between that individual and Tether Limited and that according to Tether Limited, is the relevant agreement with the trustee. FLLP did not evaluate the substance of the letter and makes no representation about its legality.
Even worse is that later on in Note 1, they clearly claim that there is no actual evidence that this engagement letter or trust has any legal merit:
Note 1: FLLP makes no representations about sufficiency or enforceability of any trust agreement between the trustee and the Client
Essentially what this is saying is that the trust agreement may not even be worth the paper it’s printed on.
And most importantly… Note 2:
FLLP did not evaluate the terms of the above bank accounts and makes no representations about the clients ability to access funds from the accounts or whether the funds are committed for purposes other than Tether token redemptions
Basically Tether gave them a name of an individual with $60 million in their account according to a screenshot, Tether then gave them a letter saying that there is a trust agreement between this individual and Tether Limited. They also have account with $382 million but no guarantee that this account holds to any lien or other commitments, or that it can be accessed.
Currently Tether has 2.2 billion USDT outstanding and we have absolutely no idea whether this is actually backed by anything, and the long promised audit is still outstanding.

What happens if its revealed that Tether doesn't have its US dollar reserves?

According to Thomas Glucksmann, head of business development at Gatecoin: "If a tether debacle unfolds, it will likely cause quite a devastating ripple effect across many of the exchanges that see most of their volumes traded against the supposedly USD-backed cryptocurrency."
According to Nicholas Weaver, a senior researcher at the International Computer Science Institute at Berkeley: "You could see a spike in prices in tether-only bitcoin exchanges. So, on those exchanges only you will see a run up in price compared to the bitcoin exchanges that actually work with actually money. So you would see a huge price diverge as people see that only way they can turn tether into real money is to buy other cryptocurrency then move to another exchange. That is a bank run."
I definitely see the crypto equivalent of a bank run, as people actually try to secure their gains an realize that this money doesn't actually exist within the system:
If traders lose confidence in it and its value starts to drop, “people will run for the door,” says Carlson, the former Wall Street trader. If Tether can’t meet all its customers’ demand for dollars (and its Terms of Service suggest that in many cases it won’t even try), tether holders will try to snap up other cryptocurrencies instead, temporarily causing prices for those currencies to soar. With tether’s role as an inter-exchange facilitator compromised, investors might lose faith in cryptocurrencies more generally. “At the end of the day, people would be losing substantial sums, and in the long term this would be very bad for cryptocurrencies,” says Emin Gun Sirer, a Cornell professor and co-director of its Initiative for Cryptocurrencies and Smart Contracts.
Another concern is that Bitfinex might simply shut down, pocketing the bitcoins it has allegedly been stockpiling. Because people who trade on Bitfinex allow the exchange to hold their money while they speculate, these traders could face substantial losses. “The exchanges are like unregulated banks and could run off with everyone’s money,” says Tony Arcieri, a former Square employee turned entrepreneur trying to build a legally regulated exchange.
https://www.wired.com/story/why-tethers-collapse-would-be-bad-for-cryptocurrencies/
The way I see it, this would be how it plays out if Tether collapses:
  1. Tether-enabled exchanges will see a massive spike in Bitcoin and cryptocurrency prices as everyone leaves Tether. Noobs in these exchanges will think they are now millionaires until they realize they are rich in tethers but poor in dollars.
  2. Exchanges that have not integrated Tether will experienced large drops in Bitcoin and alts as experienced investors flee crypto into USD.
  3. There will be a flight of Bitcoin from Tether-integrated exchanges to non-Tether exchanges with fiat off-ramps. Exchanges running small fractional reserves will be exposed, further increasing calls for greater reserves requirements.
  4. The exchanges might slam the doors shut on withdrawals.
  5. Many exchanges that own large balances of Tether, especially Bitfinex, will likely become insolvent.
  6. There will be lawsuits flying everywhere and with Tether Limited being incorporated on a Carribean Island whose solvency and bankruptcy laws will likely ensure they don't ever get much back. This could take years and potentially push away new investors from entering the space.

Conclusion

We can't be 100% completely sure that Tether is a scam, but its so laiden with red flags that at this point I would call it the biggest systematic risk in the crypto space. Its bigger than any nation's potential regulatory steps because it cuts right into the issue of trust across the entire ecosystem.
Ultimately Tether is centralizing one of the very core mechanics of the cryptocurrency markets and asking you to trust one party to be the safekeeper, and I really see very little reason to trust Bitfinex given their history of lying and screwing over their own customers. I think that Tether initially started as a legit business to facilitate the ease of moving money and avoiding regulations, but somewhere along the lines greed and/or incompetence took over (something that seems common with Bitfinex's previous actions). Right now we're playing proverbial hot potato, and as long as people believe that Tether is worth a dollar everything is fine, but as some point the Emperor will have to step out from hiding and somebody will point out they have no clothes.
In the long term I really hope once Tether collapses we can move on and get the following two implemented which would greatly improve the market for all investors:
  1. Actual USD fiat pairings on the major exchanges for the major currencies
  2. Regulatory rules on exchange reserve requirements
I had watched the Bitconnect people insist for the last 2 years that everything about Bitconnect made perfect sense because they were getting paid daily. The scam works until one day it suddenly doesn't.
Tether could still come clean and avoid all of this "FUD" by simply getting a simple review of their banking, they don't even need a full audit. If everything was legit with Tether, it would be incredibly easy to have a segregated bank account with the funds used solely to back up Tether, then have an third party accounting firm simply review the account and a bank reconciliation statement then spend a few hours in contact with the bank to ensure no outstanding liabilities are held on that balance. This is extremely basic stuff, it would take a few hours to set up and wouldn't take a lot of man-hours for a qualified account to do, and yet they don’t do it. Why? Why hire a major PR firm and spend god knows how much money to pay professional PR representatives to attack "FUD" online instead?
I think I know why.
submitted by arsonbunny to CryptoCurrency [link] [comments]

/r/slatestarcodex - "How would you Optimize your Life if you Woke up Back at 14, Knowing Everything you Knew Today?"

I am a bot! Please send NotListeningItsABook a private message with any comments or feedback on how I work.
EDIT: As of Fri Apr 03 02:07:42 UTC 2020, the post is at [81pts|4c]

About Post:

--- --- Notes
Submission How would you Optimize your Life if you Woke up Back at 14, Knowing Everything you Knew Today?
Comments How would you Optimize your Life if you Woke up Back at 14, Knowing Everything you Knew Today?
Author Veqq
Subreddit /slatestarcodex
Posted On Wed Apr 01 02:07:58 UTC 2020
Score 81 as of Fri Apr 03 02:07:42 UTC 2020
Total Comments 139

Post Body:

I.e how could you better reach and change your current goals, network, learn, pick/avoid college, get a job/start a company etc. etc.
Would you start paraphrasing/rewriting interesting ideas, academic papers etc. asap? Post about future events to gain a forecaster reputation? Avoid some mistake with your first love? Start selling candy in school, then drop out at 16 to work at McDonald to invest in real estate, short the 2008 market, then invest in bitcoin? Then what?
What would your telos be?
Let's keep any boring gotchas out of the way:
1) A wizard did it, you can trust the dates of big events, time the 2008 crash (as accurately as you know the exact dates right now)
2) Everyone and everything else are the same at the start. You can avoid people who betrayed you the first time around, but as you influence your social circles, things will start changing. (Presumably not impacting major events)

Related Comments (4):

--- --- Notes
Author EternalAmbiguity
Posted On Wed Apr 01 21:25:51 UTC 2020
Score 1 as of Fri Apr 03 02:07:42 UTC 2020
Conversation Size 0
Body link
mad respect to exjw's, I think you guys have it worse than we do (at least we're encouraged to go to college and our families are not told to shun us)
Yeah the more I think about this thought experiment the weirder it gets. You would have years of experiences and conversations and knowledge that you'd be completely unable to explain to anyone. It would be the effective death of your old life with no hope of getting it back. It's not like starting a new save on Skyrim if your skill leveling wasn't optimal the first time around, the most important thing in life, relationships with friends and family, are dynamically created together in ways that just can't be replicated authentically.
I'm a different person today than I was at 14. If I were to do a "new game+" I'd become a different person than I am now.
If the wizard were to throw me back there anyway, I'd probably:
  • study coding/math a lot harder in high school
  • party a lot more in high school
  • not go on an lds mission
  • realize you can't recreate things, and instead go to a different college just for the new experience
  • buy lots of bitcoin early, sell at the peak
  • fuck around and figure the rest out
--- --- Notes
Author Extra_Negotiation
Posted On Wed Apr 01 05:32:01 UTC 2020
Score 3 as of Fri Apr 03 02:07:42 UTC 2020
Conversation Size 1
Body link
yooooo exmormon, exjw over here!
Totally agree on the friends forged in the fires of hell, I have one good friend from that unholy experience. I also have one good frenemy (who decided to go way hard on the 'not a jw' route and just basically steal and lie and blame a whole lot of people - myself included).
I'd still take the frenemy to have the friend, but god-damn, I'd probably sit through all those meetings and all that crap all over again, I guess...
jeez, the things we value and what we're willing to go through!
--- --- Notes
Author Veqq
Posted On Wed Apr 01 03:11:26 UTC 2020
Score 14 as of Fri Apr 03 02:07:42 UTC 2020
Conversation Size 8
Body link
I wish I could of had more than this, but who am I kidding - I was being raise by people who think JW's are the cats meow.
What's your relationship with your family like? At risk of putting it really badly, I feel like my family are pets I have to take care of but can't really interact with - like a bitey turtle. I recently bought my mom a house and she's still not used to not paying rent. For the past few days she's been crying about money, scared that she won't be able to pay her bills on time... At the same time, I had to fight with her to not drop her whole paycheck on a boat. (The snow has melted, but we're in a damned quarantine!) She can't even prioritize rent before... a boat.
to use this prompt as a sort of generative system to make better choices in the next ~20 years of my life.
Same. I've been struggling with direction for a while. I really enjoyed working on this question when I thought about it (optimizing for money, for relationships, for influence etc.) but actually... I'm not sure what to optimize my life for , what criteria to use.
Eliminating all evil (a la Harry Potter and his rational instruments or... My favorite character in Unsong was Mr. Ziggarat, so...) seems a bit too difficult.
--- --- Notes
Author Extra_Negotiation
Posted On Wed Apr 01 02:46:30 UTC 2020
Score 68 as of Fri Apr 03 02:07:42 UTC 2020
Conversation Size 24
Body link
To keep it simple, and not make for some kind of God-mode version of myself here (which is too easy, just on crypto alone you could get any material desire, with the right timing):
  • I spent too much time trying to impress/fit in with groups of people who ultimately more or less rejected me, or who I grew bored with. When I was this age, I had met a few people who still had all their high school friends, who were in their late 20's - and I thought that was *what the cool/popular* people were able to do. I have acquaintances who still have this, and it does make me jealous, but it's just not happening for me. It's not my life.
  • I wish I had tried harder in school - not in the teacher-pleaser way, but in the way that could have substantially saved me a great deal of trouble in my early 20s.
  • I wish I had left the cult I was in (exjw) quite a bit earlier, right off the bat ideally. This group really fucked with my mind, and I had to spend years deprogramming, unfucking, and rebuilding/discovering myself. I may never finish.
  • Somewhere along the way, perhaps earlier than 14, I learned this whole mental model of "you're good at x, you're so smart!" which made me want to rely on the things I picked up easily, rather than develop a strong work ethic "look at how hard you worked on this! how far you've come!". For any of you parents out there, please look into a growth mindset, and how to encourage your kids to discover things for themselves (asking questions instead of telling! etc.). I wish I could of had more than this, but who am I kidding - I was being raise by people who think JW's are the cats meow.
  • I would have spent more time working on my body, and doing more disciplined exercises. I'm not in terrible shape now, but it's a huge hill to climb to the kind of fitness I see some of my friends pulling off (hiking big mountains and stuff). I wish I could do that stuff.
  • I would have taken more chances with girls and with things in general. I've always been super underconfident, and always *shocked faced* whenever an attractive, smart, driven woman wanted to spend time with me. I've been with my current partner for five years and I still feel like there must be some trick or misunderstanding - she's just way too beautiful and 'generally good human' for me.
  • There were a few times I wish I said no, full stop, but a lot more times I wish I made a request, or asked for more of the same.
  • I would have doubled down on computers - I was really good at it at 7,8,9,10 ish - then it wasn't cool, so I got into consoles and other crap, and never really full came back around. Even though I enjoyed it and have spent a significant amount of my life on machines, I've never really felt like I understood what was going on, never mind being in a position to contribute positively.
The reason I'm playing isn't to indulge in some fantasy (which is super fun and I encourage it), but rather to use this prompt as a sort of generative system to make better choices in the next ~20 years of my life.
submitted by jw_mentions to jw_mentions [link] [comments]

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