The Bitcoin Trader App ™ 🥇 The Official Website 2020

MyBit V2 Just Launched

mybit.io
https://www.coingecko.com/en/coins/mybit-token
MyBit is a DeFi protocol designed to help people generate passive income by investing in the IoT ecosystem. Asset managers list projects to MyBit and users can invest in a portion of the asset. If the asset is funded, it will be put to use and, as it generates income, asset investors will be payed. If the asset fails to be funded...all funds will be returned to the investors. Think of owning a piece of an electric vehicle charging stations, solar grid, Bitcoin ATM, industrial robotics....there's many possibilities. There's a cool video on the site that helps with the explanation!
This project has been in development for a bit and, after realizing the DAO they were using wasn't efficient, recently finished testing for a V2 launch which features a DAO system more akin to KyberDAO. Also, the mechanism will be similar where MYB tokens will be burned when listing an asset as well as with voting.
Current Supply: 179M MYB -> will be reduced with protocol usage due to burns
Market Cap: ~1M
Exchanges: Kyber, Bancor, Probit (BTC + USDT pairs)
[ Previous all time high was around 40c [~$15 pre token swap]. The chart on Coingecko was taken after they did a 36:1 token swap to the current MyBit token. So, in 2017, the project had a 50M+ marketcap with minimal working product and clunky DAO system...hoping the new upgrades can bring it back there! ]

*As always, DYOR and never invest more than you are willing to lose*
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With Bitcoin Suddenly Surging, Canaan Stock Is Also Going Up Today

With Bitcoin Suddenly Surging, Canaan Stock Is Also Going Up Today



By signing up, you may receive emails concerning CoinDesk products and you agree to our terms & conditions and privacy policSTER ON THE SITE
We need all users to enroll on our platform to access the Bitcoin Trader platform. The sign up method is easy and solely takes a couple of minutes. You'll be able to forever contact our customer service team if you wish helpour Bitcoin Trader account for our trading robot to position trades on your behalf. We tend to need all users to possess a minimum of $250 in their account before accessing our web trader platform. This quantity is enough to require positions price lots of thousands of dollars when using leverage.

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You do not would like any expertise to trade with the Bitcoin Trader app. We tend to are ninety nine.99percent automatic, that means that live trading involves terribly little manual input. Moreover, we tend to offer comprehensive guides and tutorials to help users set up a live trading account.
ognized by the US Trading Association as the foremost profitable crypto robot in 20twenty. Whereas results rely on market conditions, a number of our traders have seen profits of more than four
What is the minimum deposit withBitcoin freedom
You'll be able to trade with us by depositing just $250. The additional you deposit, the more earning potential you have in a very single day. However, we have a tendency to encourage our users to begi
We have a tendency to are tested and verified by prime trading review sites. Our trading platform is cutting-edge. Moreover, we have a tendency to operate in collaboration with highly reputable brokers. We have a tendency to work absolutely transparently and publish all the data that users need to get started with our trading robot
The Bitcoin Trader trading platform is internet-based mostly and accessible through all major browsers on desktop and mobile. You can also install an HTML5 version of our net-trader on any mobile device. We tend to are coming up with to release native apps for Android and iOS by the top of the year.
Bitcoin Trader is a trading robot powered by cutting-edge AI technology. We have a tendency to have a possible daily return on investment of up to four hundredp.c. We have a tendency to have over five thousand reviews on TrustPilot, and at least 90percent of our reviewers are happy with our platformn
Are there hidden fees with Bitcoin Trader?
Our fees are fully transparent. You can download a listing of trading fees from the platform’s management dashboard. We have a tendency to only charge a little commission on profits earned through our trading robot
We have a tendency to settle for registrations from over a hundred thirty countries across the world. Most of our purchasers are from the UK, the US, some elements of Africa, and Asia. We have a tendency to are on the market in your country if you can access our Bitcoin Trader website while not employing a VPN.

We aim to assist normal people reap important returns from cryptocurrency trading. With us, you get exposure to over forty five Bitcoin contracts for variations (CFDs). Common crypto pairs you'll trade with us embrace BTC/USD, BTC/GBP, BTC/EUR, and BTC/XRP.

1) Register: Registering with the Bitcoin Trader app is straightforward. Scroll to the high of this page and submit the specified details through the registration kind.

We require users to verify your phone range and email, since this is often what you'll use for multi-factor authentication. Yet, our partner brokers verify the identity of all users per regulators’ understand your customer (KYC) requirements.

a pair of) eposit: You wish to deposit a minimum of $250 US to trade with the Bitcoin Trader software. We tend to depend on our partner brokers to facilitate transactions, and all of our partners are absolutely regulated by government authorities. With regulated brokers, you'll rest simple knowing that your funds are safe.
You'll fund your account through wire transfer, MoneyGram, Western Union, FasaPay, Visa, MasterCard, Neteller, WebMoney, and Skrill.


three) Trading Education and Demo: We have a tendency to are an auto-trading robot, however we have a tendency to do enable our users some level of management, especially when it comes to risk management. Consequently, our Bitcoin Trader official website encourages you to travel through our trading education section to familiarize yourself with the chance management process.
Our highly intuitive demo platform ought to additionally facilitate your observe trading with the robot before you begin trading during a live account Bitcoin Freedom

The platform needs that you just define the trading conditions for the robot and activate the live trading session button. We have a tendency to encourage you to depart the robot running throughout the day within the background. You'll be able to let it run unmonitored for up to eight hour
We tend to have recently been nominated as the most profitable robot for BTC trading in 20twenty. Moreover, we are one of the trading robots that has been extensively covered by mainstream media. Bitcoin Trader has thousands of reviews on client feedback platforms
Bitcoin Trader was one amongst the primary robots to use high-frequency trading techniques to BTC trading. The robot was founded in 2015, nearly two years before the crypto boom in 2017.
Bitcoin Trader uses AI and ML to create sense of big knowledge, which allows it to trade with high accuracy.
Our trading platform became an on-line sensation in mid-2017, and it has maintained its popularity since then. Bitcoin Trader is the simplest possibility for many beginner and experienced traders.
Bitcoin Trader allows you to earn a daily profit of up to $1,00zero by investing simply $250. That’s a potential return on investment of up to four hundredpercent.
Do celebrities recommend the Bitcoin trader software?

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We tend to are highly widespread and hence a prime target for celebrity gossip. There are viral rumours that we have a tendency to have been endorsed by Elon Musk, Richard Branson, and Jeff Bezos.

Elon Musk – The founder of SpaceX has invested in Bitcoin and expressed interest in artificial intelligence, however he has not invested employing a trading robot.
Richard Brandson – Branson is another celebrity alleged to own invested using Bitcoin Trader. While it's true that he loves Bitcoin and blockchain technology, he hasn’t endorsed any trading robot.
Jezz Bezos – Bezos is also a big fan of emerging technologies, however he hasn’t shown any interest in BTC trading through revolutionary robots like Bitcoin Trader.

You ought to never build an investment decision based mostly on whether or not a star has endorsed or invested in it. Bitcoin Trader has been tested and licensed by specialists.

The verdict about Bitcoin Trader
We tend to are a prime-rated crypto trading robot with nice reviews on sites like TrustPilot and ForexPeaceArmy. Moreover, we have been recognized as legit and profitable by authoritative bodies like the US Trading Association.

We have a tendency to are always striving to offer the most effective to our users by regularly improving our trading platform. Our team of experts analyzes feedback from users to work out what features will create a a lot of seamless trading experience. We tend to operate in complete transparency, having partnered with some of the world’s most reputable brokers.

Our platforms are encrypted to shield you from hackers. Furthermore, we tend to also adhere to information privacy measures, like the General Information Protection Regulation (GDPR). Try out Bitcoin Trader currently through the link at the high right corner of this page.
perior over different cryptocurrencies?
LATESTBITCOINETHEREUMALTCOINSTECHNOLOGYADOPTIONBLOCKCHAINEVENTSCONTACT
PRESS RELEASEWhy is Bitcoin superior over different cryptocurrencies?Akshay KSPublished a pair of weeks agoon August 12, 2020By Akshay KS
Source: Pixabay
During this technical world, bitcoin is the foremost used digital currency all over the world. However the main question then arises within the minds of the many folks is why bitcoin is considered the foremost superior over other cryptocurrenc Bitcoin Freedom
Bitcoin is that the one method of creating transactions daily as alternative currencies. But it's its options and uniqueness that make it superior. Bitcoin and different currencies are based mostly on the cryptographic algorithms or mathematics that are encrypted, with that the user becomes the owner of the currency. Bitcoin currencies are easily accessible at Bitcoin ATM and online exchange
The main feature of the bitcoin, which makes it superior is that it is the safest option for digital transactions. These will be used for on-line searching and transfer of money too.
There are many alternative blessings to using bitcoin. A number of them are mentioned below
Decentralized and digital
Bitcoin offers the freedom of exchanging the price without representatives that proves helpful in controlling the lower fees and high funds. Bitcoin is that the faster method of transaction than others. It is secure as it is free from theft and frauds and is constant. The main advantage is that bitcoin has its homeowners whereas the bank controls the money.
Makes online looking
Normally, bitcoin will be used for on-line shopping too. Bitcoin is the opposite face of e-wallet, that is created by blockchain technology that is used to store money and will easily pay everywhere digitally. For this reason, it also makes your searching easy by which you'll be able to look from your home solely

Bitcoin is accepted globally at each corner of the planet, which makes it less volatile than local currencies or cash. This feature makes it superior because it enables us to form transactions on-line and across the boundaries
Bitcoin unable the means of tracking cash

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Bitcoin is created by blockchain technology. Blockchain is the sole technology which will either make it or break it. There are many computers which are used to keep up a permanent record of each bitcoin transactions with the help of cryptographic technique. In this approach, it becomes a lot of valuable together with the tracking of the payment. At the same time, there's no method of tracking the cash

While not any transformation method, it will be used over the entire world. It provides the simplest platform for the investment as it is free from the restrictions of governments or banks. It provides an open market and combines the simplest of gold and money.

Bitcoin provides the power to access the balance of the users with a password which is named a personal key. It additionally permits the exchange of values through the web without any middle person. Thus, bitcoin becomes safer, stuffed with privacy, and open to everyone
Unlike cash, it is not possible to form the duplicate quite bitcoin that makes it more efficient. It's protected with the technology of blockchain. Even if anyone tries to form a replica of bitcoin to use it, then the system will automatically reject it as the system recognize it as unknown

Bitcoin Freedom failed to allow two persons to transact on the one price. Once the bitcoin is transferred, its possession is also transferred. So this is the simple approach of maintaining records for any tax functions. It conjointly makes it a easy and healthier metho

Bitcoin is the foremost reliable manner of online transactions. Many questions arise in folks’s minds that are solved on websites like bitcoin revolution. One in all them was the above-mentioned question. Bitcoin provides many facilities, and it comes with more and a lot of blessings which makes it distinctive and special over different cryptocurrencies. It can be preferred as the simplest digital platform for transac


BITCOINADOPTIONABOUT USMEET THE TEAMCAREERADVERTISE WITH USCONTACT USTERMS AND CONDITIONSPRIVACY POLICYPARTNERS
Disclaimer: AMBCrypto US and UK Market's content is informational in nature and is not meant to be investment advice. Buying, trading or selling crypto-currencies ought to be considered a high-risk investment and every reader is advised to do their due diligence before making any decisions.
People, businesses, and developers: get the support you would like with our straightforward

Browse the FAQ'sn news, CoinDesk is a media outlet that strives for the very best journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sign up with Bitcoin Trader nowadays to start out earning potentially thousands of greenbacks in profits daily from an initial investment of just $250. We tend to are a high-rated automated trading robot that's accessible and easy for all to use. By trading with Bitcoin Trader, you'll start generating a lot of investment income than ever beforeBitcoin Freedom

“After simply some months trading with Bitcoin Trader, I’ve made a lot of than $ten,00zero and finally understand what it’s like to measure the dream. I’m saving up my profits to quit my job and spend a year traveling.”

“I’ve been a member of Bitcoin Trader for only 47 days. But my life has already modified! Not solely have I created my 1st $1,000, however I’ve also met a number of the most incredible folks in the process. Thanks, Bitcoin Trader!”

“I used to speculate on my own, but now that I’ve used Bitcoin Trader I would never return to my recent broker. Bitcoin Trader takes manner less work and that i’ve already created thousands of greenbacks in profits in simply a few months.
“Two weeks ago, I got laid off. With no choices left, I thought my life was over. Now I’m making a lot of cash than I made at my job every and each day. Thanks, Bitcoin Trader!”

With the Bitcoin Trader software, you can probably build up to $one,500 daily from a deposit of $250. We tend to are powered by artificial intelligence technology to confirm that you just get a win rate of more than 98p.c under the right market conditions. The US Trading Association has nominated our Bitcoin Trader as the most profitable crypto trading robot on the market.
We have invested in the globe’s best trading technologies. These include the factitious intelligence subsets of natural language processing, deep learning, and machine learning. Bitcin Trader depends on these technologies to derive insights from huge data and market news.
The Bitcoin Trader app has won nearly fifteen coveted awards since launching in 2016. These include the most Profitable Robot 2020 award by the American Trading Association, the simplest Robot in Trading Technologies 2019 award, and the most Profitable Crypto Robot in 2018 Award. We have a tendency to price our customers and are contin
https://www.cryptoerapro.com/bitcoin-freedom/
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Thanks for the taxes. We don't give a fuck about your business

This is an all-too-familiar sentiment from government to Canada's startup (specifically bitcoin-startup) community.
On March 27th, 2020 the Prime Minister proudly announced a $40,000 government backed loan.
"For small businesses, there's a $40,000 loan of which $10,000 will not have to be repaid if they meet certain conditions. There are many things we're doing out there with low interest or no interest loans to help businesses get through this, but the wage subsidy and the Canada Emergency Response Benefit for people who lose their jobs are going to be there to make sure that we come through this strongly." ref
Prime Minister Justin Trudeau holds a news conference while in self-isolation at Rideau Cottage in Ottawa Friday, March 13, 2020. (Fred Chartrand/The Canadian Press)
I, like many small business owners, let out a sigh of relief as we have all seen revenues vanish over the previous weeks following the necessary public health measures put into place. That $40,000 meant one more payroll run. Maybe it made up for the payables or rent that was coming due in 4 days. A $40,000 injection of "worry-about-it-later" money would mean breathing room. The equivalent of a pool noodle while wading in the middle of the ocean. Enough to keep you thinking "you can do this".
Banking is hard to come by as a bitcoin/fintech startup. We are not "welcomed into the traditional banking atmosphere with open arms" regardless of our balance sheets or longevity. Even the bank for Alberta's Entrepreneurs (which promotes their "blockchain friendliness") refuses to work with businesses that touch cryptocurrency.
Hi Adam - hope all is well. What is wrong with the markets and BTC as a safe haven ? You did mention a few months ago that we will see sub $6k soon and I wasn't sure how … well you were right. You are an Oracle.
Regarding banking - When me and [redacted ATB employee] met you, we extended the offer to help out and support your retail banking needs. You decided not to take it. I just heard back from our Compliance team that their Pause extends to all retail accounts as well. Basically, anything that touches crypto / even personal accounts is not supported right now.
Unfortunately, I can't help and I am sorry. Hopefully, if the markets turn positive / and pause is lifted / I can try to seek support for your retail and business needs. For now, it is a full stop.
I am also moving to a new role at ATB this week and not sure who would manage the crypto portfolio. I will keep you looped in.
best,
[redacted ATB employee]
So forget ATB, I thought SURELY the Business Development Bank of Canada (BDC) would be there to lend a helping hand during this unprecedented economic and health crisis. The fact that our revenue dropped nearly 70% week-over-week with the onset of the pandemic, and the fact that I have paid well into the six figures in provincial and federal taxes last year would mean that, during these hard times, Canada's Small and Medium Sized Business savior wouldn't be as prejudiced. I was wrong. One week after my application went unanswered I was put in touch with a rep through a personal connection of mine. Within minutes a chipper response pinged my inbox:
Hi Adam
Happy to try and help you. Can you send 2 years of Financial statements to me and:
How much do you need?
What are your revenue expectations during and after the crisis - do you have a budget and cashflow projections?
What would be your ball park cash burn rate per month for the next few months/
Thanks - when I get these I will see if it will be me or another colleague that will be able to help and then we will reach out to arrange a zoom chat.
Best,
Moments later, before I could prepare the info, he followed up (even threw in an emoji)
Hi Again - more info below Best
This is the latest from CRA and all the links you'll need to understand and apply😊
https://www.canada.ca/en/revenue-agency/campaigns/covid-19-update/frequently-asked-questions-wage-subsidy-small-businesses.html#h2
https://www.bakertilly.ca/en/btc/publications/taxflash-temporary-wage-subsidy-for-employers
https://www.taxtemplates.ca/wage-subsidy/
I thought we had it. I thought my country 🇨🇦 was coming to my rescue to help me and my 11-person locally-employed team pay the bills for a few more weeks. Until I received a third follow up…
Hi Adam
I just reached out to our Tech Finance Manager and unfortunately we are unable to Bitcoin clients as our board has deemed them ineligible due to potential money laundering. I am very sorry - this is news to me. Being a Crown Corp we have very strict rules. I think you can still access some Federal support though via some of the links I sent earlier.
Best Wishes to you and yours,
Potential. Money. Laundering.
You'll notice he does not ask for my documentation (FINTRAC Registration as a Money Services Business) which should be the first step to verifying that our business goes above and beyond to prevent the money laundering that they claim to be concerned about. Despite sending him our industry-leading policies and FINTRAC Registration the final response was polite but stern:
Morning - Thx for the info. Policy such as this are from the Board of Dir's and Minister of Industry. But things change - I now have hemp clients. It will take time though. When we get to the other side, I would love to have a beer with you and [redacted personal connection name] and learn more about your biz and future. I personally believe crypto will be a important solution in rebuilding the world economy.
Best,
And that was apparently that. However, you don't get to be one of Canada's leading Bitcoin ATM companies without a little bit of grit and resilience. So I tried again through conventional channels. This time the response was just as useless but even more robotic (you'll notice they spelled my last name wrong…)
Dear Mr. O`Brian,
Thank you for submitting a request for financing. After examination of your application, we regret to inform you that BDC is not able to provide financing for your business.
We understand how deeply the COVID-19 situation is affecting. However, we are unable to respond positively to your request that does not meet the eligibility criteria.
An evolving situation
As the COVID-19 situation continues to evolve, BDC's response is evolving as well and we are working closely with government, financial institutions and our partners.
Ensure that you have spoken to your primary financial institution to see if they are able to help with financing:
As you may know, additional measures to support entrepreneurs have been announced by the Government of Canada, including anew Canada Emergency Business Account as well as a SME Loan and Guarantee Program. As these programs are not administered by BDC, your primary financial institution is best suited to assess if you may benefit from these relief measures as they get deployed shortly.
For the latest updates by the Government of Canada on COVID-19, visit Resources for Canadian businesses: COVID-19.
Thank you,
This response left me frustrated. How could it not? How could our small, innovative, and incredibly compliant business not be within the "guidelines" set out by Mr Trudeau last week? My response was heated:
This is extremely frustrating.
The fact that I am denied help, despite paying 100s of thousands in taxes, is discouraging. Why do you take my tax money, but then deny my eligibility based on "crown rules". The eligibility criteria of BDC should be companies that are striving to employ local workers with cutting edge business practices and revolutionizing the world. All of which we do (and have been doing for 7 years)
I know you will cite "compliance", and yet refuse to look at my compliance manual. A policy that was written by a previous compliance officer from a schedule 1 "big 5" bank. A policy that has been approved by 2 third party auditors. A policy finalized by my Chief Compliance Officer with 10+ years as a compliance master who has prevented millions of dollars worth of fraud AND played a key role investigating.
It is disappointing to see you promoting the narrative that you are "for entrepreneurs" when in fact I have found it to be quite the opposite. We are a licensed money service business and I personally spend my time working with local authorities educating them how to prevent fraud within this space. Yet somehow I've been labeled "ineligible" for assistance when I really need it. What is the point of innovating? Is "the first guy through the wall gets the bloodiest" really the narrative you support? "Don't think outside the box because we don't like that?"
The prejudice of the BDC towards alternative financial companies is disappointing to say the least.
I would appreciate your response, though if past experience has taught me anything I know better than to expect one.
Perhaps the Canadian business environment is not one that is as friendly as you promote.
Stay healthy,
Adam
As you might have guessed this went unanswered (though the robots did manage to regurgitate the exact same original message) and here we are. My initial sentiment from the most recent response to the BDC remain. What is the point of innovating? Why do I spend tens of thousands of dollars every single year to ensure that our compliance is industry-leading? Why do I spend hours and hours working (for free) with local authorities to educate them about Bitcoin and how to prevent fraud? Why do I stretch my hand out so far only to have it slapped when I am looking for the same support everyone else is getting? I've endured years of prejudice from the traditional banking industry. I've built an incredibly successful business that exclusively employs local labour even though it would be all too "easy" to off-shore the work. We've paid our taxes, donated to the community all without the help of the bank's lending products, but being denied support relief during this unprecedented crisi due to "potential money laundering" is as prejudicial as it gets.
All of this to ask, Mr. Morneau, will these subsidies affect my taxes? I understand the economic cash injection. As a whole, I am onboard with the injection to help stimulate the economy. But we all know who will end up paying for it. We all know that money doesn't grow on trees (it's printed dummy) and that it will eventually have to be paid back in some capacity… which will eventually be through increased taxes. Taxes that hard-working citizens continue to pay every year. If only you knew how much you were contributing to Bitcoin's adoption…
Finally, dear reader, I beg you to think. Listen to my story and ask yourself "is my industry next?" "Can I trust them with my taxes… can I trust them with my money?" I fully believe what I am experiencing is a direct extension of the reason Bitcoin was created. Bitcoin exists to give its owners choice. A choice that doesn't exist with fiat money, printed at will by a centralized body of power. Right now the majority of "industry" is getting help, the government is listening to their people. I am unfortunately in the minority. My business is too edgy. My business is too "risky". My business doesn't deserve help. Will your industry, your business, your pension, your family be next?
Adam | www.bitcoinsolutions.ca
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Proposed method to email crypto-coins directly.

Below are some ideas I have been working on to allow direct off-blockchain transfer of Bitcoin Private Keys while preventing Double-Spend and Counterfeiting . There is a reference to tamper-proof Physical Bitcoin as DA BOMB- Directly Available Bitcoin On Metal Banknotes. These Physical Bitcoins and their digitally encrypted representations are the basis for off-blockchain exchange of value. Off-Blockchain exchanges are completely private and as fast as sending an email.

FAST BITCOIN

Daily settlement between corporations, instant settlement on trading or funded shopping channels, physical bitcoin possession for investors .
Each platform which offers FAST BITCOIN will purchase a large amount of DA BOMB to power their digital envelope re-sale network. All networks will be compatible and fungible assets composed of.
When a customer places an order for DA BOMB I load a certain amount of BTC in various denominations onto a selection of bitcoin wallets, which are then manufactured as physical bitcoin.
This amount of BTC is the amount this customer can spend on the FAST BITCOIN network.
The Bitcoin the customer spends never moves on the BTC Blockchain.
The envelope containing the customer’s BTC is credited or debited a certain combination of addresses that contain a known amount of BTC, adding up to the exact amount of the transaction.
Transactions can only be made in ROUND NUMBERS of a certain resolution, such as 0.0001 BTC , and the resolution will be finer at a later date to account for the rise of value of BTC in the future.
The contents of a customer’s envelope will be maintained to allow for making change and to account for his spending or funding of his account.
The main issuer of FAST BITCOIN will be Satoshi Bitcoin Incorporated, with other platforms buying enough DA BOMB to issue their own FAST BITCOIN on their own shopping platforms.
Customers can always write to the platform and request that their remaining envelope balance be mailed to their physical address.
The envelope contents are tracked on a separate blockchain, the FAST BITCOIN blockchain.
Customers can use their physical bitcoin like paper money, or break the hologram seal and view the private key to use as regular bitcoin on the bitcoin blockchain.
Only TRUSTED NODES are on the FAST BITCOIN Blockchain. The Network is composed of the corporate members who offer FAST BITCOIN shopping at their websites, and join by invitation only. Large networks can fuel their own branded shopping tokens with FAST BITCOIN after paying a co-branding fee, or simply use FAST BITCOIN without re-branding to their own token name.
Software can equate all prices at a website to the token value of choice on the platform, so that the shopper may make purchases via FAST BITCOIN while referring to prices in stable fiat equivalent tokens, or re-branded token values.
The customer’s purchasing power varies with the price of Bitcoin, but the visible prices remain stable.
The customer may buy a StableCoin (not Tethers) to fund all or part of their account, or switch from BTC to StableCoin at will; or let the system do this for him. BTC going up, funding remains in BTC, BTC going down, Funding switches too StableCoin.
A purely electronic version of FAST BITCOIN will rely on a hardware device to store the private keys offline and always in encrypted form when connected to the internet.
There is object “A” : the FAST BITCOIN Wallet
There is object “B” : the individual private keys
The system works with a combination of Master System Key Encryption and Asymmetrical Key Encryption.
The Hardware device is called a SPLIT WALLET. It is a combination of a HOT WALLET and a COLD WALLET. The two halves of the split wallet can only communicate with each other when the device is unplugged from the device being used to access the Internet.
The Master System Key resides on the Cold Wallet and can’t be viewed without destroying the function of the Hardware Wallet.
To send bitcoin to a person on the network, the hardware wallet takes the addresses needed to add up to the desired amount and encrypts them with the PUBLIC KEY of the receiving device.
The BITCOIN CASH BLOCKCHAIN is used as a KEY SERVER to store the PUBLIC KEY of every device manufactured, linked to its registration number and owner identity. The OWNER IDENTITY is an EMAIL ADDRESS which is [[email protected]_BITCOIN.COM](mailto:[email protected]_bitcoin.com) .
The addresses are encrypted by the SYSTEM MASTER KEY , then by the RECIPIENT PUBLIC KEY and emailed to the above email address.
The whole network is sustained by a peer-to-peer email remailer network. Software on the machine used by the hardware device to connect to the INTERNET is designed to run a peer-to-peer email remailer node.
As well as sending the recipient an email via the re-mailer network, an entry is made on the BITCOIN CASH BLOCKCHAIN containing the double encrypted bitcoin private keys, recipient email address, and transaction identifier . This also contains the device registration number as part of the owner email address.
Thus even if the domain is blocked from sending email the information needed to use the bitcoin is available from the data stored on the BITCOIN CASH BLOCKCHAIN.
The value of Bitcoin Cash does not impact the cost of sending bitcoin, since the transaction sizes to record data on its blockchain are very small.

When FAST BITCOIN is sent to a recipient, he must plug his hardware device into a laptop, phone, or other internet device to download the keys to the device. At this time while the hardware device is still connected to the internet the just received FAST BITCOIN will not yet be available to spend. It will show on the device as STILL ENCRYPTED. The user unplugs the device from the internet and then transfers the amount from the COLD SIDE to the HOT SIDE of his wallet while offline. If he wishes he may leave this amount on the COLD SIDE or transfer up to the entire contents of the SPLIT WALLET to the HOT SIDE to enable immediate spending as soon as connected to the internet.
The COLD SIDE contains the SYSTEM MASTER KEY and decrypts the PRIVATE BITCOIN KEYS in order to enable spending.
The hardware device checks the bitcoin blockchain to verify the amount of bitcoin held by each bitcoin private key, and also checks that the private keys it contains map properly to the public bitcoin keys used to view the balance on the device when it is connected to the internet.

DA Bomb

Directly Available Bitcoin On Metal Banknote (Da Bomb)
Bitcoin Metal Wallet Cold Storage on BTC Blockchain. A Crypto-Currency version of money, which may be exchanged for fiat currency.
Other major cryptos such as Ethereum , LiteCoin, and Bitcoin Cash may be substituted for bitcoin without affecting the usefulness of this offering. These versions will come out later, using the same physical format. (hopefully patented)
The design of the card should be modified enough from any existing patents to be patentable itself. The manufacturing, loading and documenting of the card should be done by proprietary and open-source software. This process should be patented as well or be part of the same patent.
These are physical BTC coins, in the form of a metal card the size and shape of a credit card. The Bitcoin Wallet is composed of two sets of engraved alpha-numeric and QR codes highlighted by black ink. One set is public and is on the outside of the card. A pull-tab almost exactly like the kind on a soup can is removed from the front of the card to reveal the inner contents . This is the engraving of the private key which is required to spend the BTC. Viewing it or detecting the exact nature of this code is equivalent to ownership of the associated BTC.
The public key on the outside of the card is used to deposit to or send to the card. In normal operations the card would come loaded with a certain amount of BTC.
The cards will be protected by security features and the quality control process during their manufacture.
The cards will be dipped in a coating of compounds to indicate a unique identity for each card, with short lengths of coloured fibres and paint floating on the surface of the clear lacquer compound and creating a unique visual identity. Each card is photographed and the image file uploaded to a database with the blockchain address and item id from manufacture all associated together.
A label is created and affixed to the outside of the card. On it are the blockchain address, photo of the untampered card, and amount of BTC deposited to card.
The private keys are not retained in file form at the manufacturer’s facility, or recorded in any way.
Before the key is deleted from memory and fully erased from all data storage devices, the photo of the engraving of it is compared to the key via character recognition software. When photo verifies as true then key is deleted from memory. Now the card is tracked by my own “in-house” item id, linked in the database to the blockchain address which displays the public key, and the photo file of the card. The card is photographed twice, the photo of the private key is deleted just after verifying the engraving matches the private key. The photo of the exterior of the card showing the paint lines and fibre positions on the card is kept on file. The offline computer takes the photo of the private key, the online computer takes the photo of the card after dipping.
The card is meant to circumvent the horribly high fees associated with using BTC as a payment method. Possession of the card is deemed to be legally equivalent to the ability to spend the associated BTC available via the private key. The nature of the tamper proof and hack proof aspects of the card manufacture lends credence to the continued value of the card as it is passed through consecutive transactions. The fees which would have been normally paid to enable these transactions on the Blockchain, will now have been saved by the people utilizing the physical Bitcoin cards. The Bitcoin transactions on the Blockchain are enabled by paying fees to “bitcoin miners”, who use large amounts of energy and computing power to solve complicated mathematical problems in order to process transactions and also to earn newly created bitcoins, of which there will only ever be 21,000,000. The fees for bitcoin transactions have become so high that paying for an item with bitcoin wouldn’t make sense for anything under $280 or so; and you had better be rich enough not to care about the $30 to $75 fee to buy just about any size purchase.
Instead of this, cold wallets containing small denominations of BTC can be exchanged via strong encryption and sending password and wallet via different delivery modes; or by physical bitcoin wallets.
At any time one may pull the tab on the metal card and reveal the private key, in order to obtain control of the BTC for use in a different cold wallet, or an online wallet. You will now have to pay transaction fees as per your new wallet details.
There is an instant financial advantage as soon as a group of people trust the value of physical bitcoin in transactions. All the miner fees for each transaction done with physical bitcoin are saved by the group. These transactions are valued in BTC, worth real dollars if exchanged for dollars; but with the dollar value always changing.
Volatility is a fact of life with Bitcoin (BTC), but the market has always trended upwards if you wait long enough. And the value has often nose-dived as well, in an unpredictable manner. A lot of people are holding (or “hodling”) BTC as a very risky and speculative investment, hoping the price will go up.
There is a great demand for bitcoin and that demand is going to increase in the near future.
How will I pay to load the BTC on to the cards? The cards will be loaded on an “on-demand” order process. The cards can be made up to a certain stage, where they have been dipped in tamper-proofing but not yet labeled. Up to this point they can be any denomination (amount) of BTC. When the payment for the order is taken at the online website then the card is loaded, labeled and shipped to the customer.
Besides the metal coin wallets denominated in various amounts of BTC; there will be “piggy-bank” versions of the card available. The BTC is loaded onto the card via the visible wallet public key engraved on the front of the card. The card owner can be paid debts owed to him via the public key. The card owner can send any amount of BTC to this receive address and it will become associated via the blockchain with the private key hidden inside the card. To spend the BTC loaded onto the card he will have to view the private key and send it to the hot wallet he uses online. Technical advice about fees, security, hacking and safety will be available at the company website, as well as many other helpful resources.
The denominated versions of the card are identical to the piggy-bank versions except for the label. The label covers the “receive” address on the denominated versions, as no further deposits to the blockchain are needed. The label on the piggy-bank version doesn’t cover the public key address, has a photo of the card and the manufacturer’s ID number. It also has a link to the Blockchain.info webpage associated with the public key address. Anyone with this address can see how much BTC is associated with the Public Key shown here.
Thus the intact tamper-proof BTC Card can be used with confidence, as the public key can be viewed on the Blockchain by anyone. As long as the amount on the card label matches the amount shown on the Blockchain.info webpage then the card’s private key can be trusted. This renders the card a form of “trust-less” currency equivalent to legal tender in value and usefulness .
The card format and manufacturing process is tested to obtain a hack proof product. The private key is not detectable by examination or any technical means without opening the pull-tab. This is essential to prevent theft and fraud. The card can not be opened, viewed , and sealed again.
A card without a label would be suspect, a card which had been opened and re-sealed obvious. Checking the blockchain address reveals the status of the BTC in question in any event.
The manufacturing process is outlined below:

The engraving is deep enough to be permanent but still not detected while wallet card is in closed position. The alpha-numeric and QR code versions of the keys are engraved and inked.
After the engraving, the private key is deleted from memory of the engraving controlling computer. This computer is never connected to the internet. Only verified software is used on this computer.
A separate computer controls the camera, label maker, and database connection to the internet.

The same file is used to generate the labels.
Addresses are checked for BTC before coin Cards are offered for sale. A second stamp is placed on label when transaction confirms.
Coin is offered for sale at Amazon.com if allowed.
Coins can be exchanged as if fiat currency, with full confidence in BTC amount displayed on seal.
Sale price on Amazon will reflect BTC amount cost when loaded- possibly a great deal if BTC has gone up since loading, or actual cost of production plus 2%, plus miner fee and distribution fee.
Savings could be significant if BTC surges in value after coins are minted. coins are bought at time of minting by purchases of BTC at market price.
“Would you like to buy some free money?”
Demand for product is assured, as the value once for sale at Amazon increases over time. You will not be able to find cheaper bitcoin anywhere, sometimes. A small portion of my stock at Amazon will remain on sale at a very low price when the Bitcoin price rises. I plan on adjusting the price of my stock to reflect the current price of Bitcoin at the time; but not all of it, and not immediately. Every time the price of BTC increases by 10%, I will reset the price of my cards to initial values.
The initial values are the current price of BTC plus 2% , miner fees and distribution costs. As the market price increases after loading the cards, they are more and more of a deal for the customer.
This forms the basis of a great promotional value to sell the metal card coin wallets.
The profit.
Profit is calculated to be 2% of the BTC value when minted. Values from 0.001 BTC to 1 BTC are minted. This generates from $0.18 Cad to $180 CAD per card depending on value. I will focus on minting in the 0.01 to 0.11 BTC range, with profits of $1.80 to $19.80 a card.
customer pays: Cost of BTC when minted
miner fees, distribution fees, 2% over cost fee, Cost of manufacture. I estimate all costs not BTC or profit to be about $11 Cad per card.
Price of card is: BTC cost + 2% + $11.00 .
After purchase the card can be traded for cash, items or value of services. Miner fees are saved by every person after the initial purchaser of the card.
I want to mint around 1000 cards a day. This averages out to $18,000 profit per day.
The plan is to produce only lower value coin wallets until cash reserves are big enough to pay for larger denominations.
Customers can order from the lower denominations in stock or special order cards of any amount that they pay for at the time, shipped after production on demand.
This involves simply loading the customer’s purchase of BTC onto the card address and attaching the label.
As the price of BTC rises then stock available and loaded previously will be a special discount offer until the price resets after a ten percent increase in the BTC market value.
When selling the BTC coin metal cards at Amazon.com :

Card is dipped in clear sealer with paint filaments floating in dip tank. Also small lengths of coloured fibre are floating in the resin coating. The unique pattern formed is photographed and printed on label stored in database with item number. Private key is not stored.
Sell in vending machines in Japan, Airports,New York Subway System, Pizza Hut, etc.
On the Directly Available Bitcoin On Metal Banknote (Da Bomb), the blockchain webpage address of the public key is displayed. To check that BTC are in the account, just go to that page. Unless tampered with, BTC amount will match that shown on label.
Full label is artwork, denomination in BTC, photo and blockchain.info webpage address associated with public key.
This idea is patentable due to the unique packaging of the cold bitcoin wallet in a pull-tab metal card. In this writing read “coin” as “card” as well. The card is evolved out of a sardine can with a pull tab lid closure, with very short sides and pressed flat all around the edge.
The goal is to have a design where the pull tab can easily be removed by an adult. It should be hard for a child to open without being shown how. The card should be only slightly thicker than a regular credit card, and not open while in a leather wallet’s card holder.The pull tab should not open accidentally while being carried in a wallet. The pull tab will be manufactured so that it must be rotated by 180 degrees before opening. A small screwdriver, nail file or fingernail must be placed into a small slot to twist the pull tab into the correct position to open, before this it is restrained by a shallow metal lip on the top of the card.
Research and development are required for this idea to be a success. The manufacturing process, security features and bitcoin loading and labeling must all be tested and verified as hack and tamper-proof. The customer must never receive a hacked or empty or unloaded card after purchase and delivery.
Attempts at fraud by the customer will be obvious. Only Intact cards will be accepted for refund. Product must always ship in perfect condition, as customer can only return intact card for full refund, no opened, missing or tampered with cards will be credited to customer for refund, and this will be part of the agreement with the customer at time of purchase. Before refund the balance of the card must match the denomination on the label.
Notes on manufacturing process:



In the above I refer to not recording the private keys and deleting the server records as soon as the cards have been manufactured and checked for accuracy. please note that the recording of the private key for a certain amount of DA BOMB is required to power the FAST BITCOIN encrypted private key network.

thank-you
submitted by bubbleHead3 to emailcoin [link] [comments]

Signs Bitcoin is not going to reach mass adoption...

Bitcoin isn't going to go mainstream. No amount of Lightning Network (coming soon), SegWit (coming soon), bigger blocks (coming soon), or hard forks (never coming soon) is going to spur mass adoption.
Here are some tell-tale signs that Bitcoin is still on the fringe and will remain so.
I used Bitcoin for blank, give me karma.
Whether it's buying or selling something for Bitcoin, there are always those posts that seek confirmation from the echo-chamber that what they did is good for Bitcoin. You know what you don't see? Posts anywhere on reddit along the lines of "I bought this X for fiat from Amazon." You know why? No one cares if you use cash because it is mundane, widely available, and trivial to use. It is a tell-tale sign of mass adoption.
Bitcoin technology is going to revolutionize the BLANK INDUSTRY.
Capitalists are the kind who will find and exploit every advantage they can to gain a competitive edge. Be it technology, process, idea, or whatever if it can be turned into a money making machine. There have been estimates that Bitcoin has a $10 billion market cap, which is certainly impressive for something that came from nothing. But in the grand scheme of commercial trade it's a drop in the bucket. If Bitcoin were truly revolutionary, capitalists would have exploited it and actively contributed to its development already. Sure, there have been some minor localized successes, but not one truly revolutionary and successful billion dollar company has arisen. Not one Bitcoin company is a ubiquitous household name or brand. The ones everyone knows about in the Bitcoin space are irrevocably linked with fraud. Mt. Gox and Bitfinex for example.
...well. The most innovation in the Bitcoin space appears to be dark net markets and malware. Whether that's truly a welcome revolution is up for debate.
Bitcoin innovation is stagnant.
Other than slapping a miner on an already existing product, ahem 21 inc., what big innovation has there been in the Bitcoin space? The apps for buying and selling Bitcoin are all pretty much the same functionally. OpenBazaar has not heralded the end of online commerce as anticipated. It also continues to promise more features perpetually "coming soon" while the competition out-innovates them at the same time. Micro-tipping ChangeTip didn't really take off, and Steem or Yours isn't really a threat to any social network not focused around the idea. KimDotCom talks big, but he has yet to deliver.
u/changetip dose of reality
Bitcoin's fluctuating value makes it impossible for the average person calculate.
Notice that everything is still pegged to fiat in terms of valuation? Without using an internet device tell me how much $5 is worth in Bitcoin. Now decrease that by 7.23% because the BTC market dropped, again without the internet or a calculator. How much Bitcoin is that $0.99 coffee? What about this afternoon when Bitcoin is up 4.77%? What is your profit margin right now for being the seller? How about when you sold coffee for 12.19% earlier today.
Also, did you pay the right amount of penny shavings for your coffee transaction to go through? Yes? It may take up to 10 minutes to process. Maybe. Or not. We could have paid $0.99 in filthy fiat and been on our way already.
Widespread adoption isn't happening organically, or at all in most areas.
Outside of San Francisco and a few technically savvy urban enclaves where digital natives are on the cutting edge, there is no use case for Bitcoin in Kansas. Bitcoin has to rely on those who believe that it is better than fiat to spread the gospel of Satoshi (#NotACult). Until you don't have to have someone proselytize at length about Bitcoin's advantages over fiat, it isn't mainstream. How many posts have you come across where "I convinced Business Owner X to accept Bitcoin" only to check in later to find out they are no longer accepting it?
Speaking of cults...
Self-congratulatory posts patting the faithful on the back for their piety in printing out Bitcoin flyers or pasting stickers in public are frequent. Any time a Bitcoin logo is spotted in Mr. Robot, alongside the THOUSANDS of other symbols in it, the faithful are further convinced that widespread adoption is an inevitable reality. They're convinced viewers are keyed in to an insignificantly minor detail which will unravel the wisdom of the fiat destroyer Satoshi Nakamoto who will bring prosperity to all who read the hallowed white paper.
Also, deviation from the truth laid down in the whitepaper is heresy. #NotACult Which leads to all sorts of problems when the core developers, miners, or users want to change something for the improvement of Bitcoin. How many BIPs are actually implemented successfully without raising the ire of a vociferous userbase rabidly against change? (If you do know, please comment.)
Mass adoption would inevitably require regulation.
One of the functions of Bitcoin is to be a stateless, borderless, and censorship resistant currency. Does it accomplish that? Yes.
But if Bitcoin were to become widely adopted it would inevitably attract regulation. Uber is a great example of what happens when industry outpaces regulation. Uber drivers disrupted the taxi industry mainly because most places did not have regulations in place. Although providing an innovative service, it also led to insurance problems when drivers got into accidents, or health and safety concerns when drivers or riders get involved in an incident. Regulation is bringing the cavalier industry back into the realm of public safety and security.
Bitcoin may outpace regulation for a while, but mainstream adoption will inevitably require regulation at some point. How much of a percentage profit is legal when selling Bitcoin at an ATM? How do you classify gains or losses on taxes? What if I want to set up a retirement plan? What if the entity I store my Bitcoin savings with goes under? Those sorts of every day questions have legal ramifications that need to be parsed out for people to feel secure enough to adopt Bitcoin.
If you're screaming "STATIST SHILL" while reading this on a computer of some kind, remember that there are legal regulations insuring the device you're reading this on conforms to certain requirements.
Be your own bank is not a good thing for most people.
We hire people to be experts and professionals to do things we are not good at ourselves. You'd hire a lawyer to litigate on your behalf. You'd hire a plumber to fix your leaking pipes.
Most people are not good at being their own bank. Storing large amounts of cash in areas that are susceptible to theft is not a good idea. That's why people have banks. Do banks get robbed? Yes, but regulation insures that your deposits will be reimbursed. Can you be your own bank with Bitcoin? Yes. But you also assume all the risk, even the ones you are not cognizant of. bitcoin is no stranger to posts from users who lose their bitcoin with no means of recovery because they didn't fully anticipate the risks. SFYL.
But why would you want to go through all the hoops to be your own bank? You still need to convert that Bitcoin to fiat (or vice versa), get a loan for a car or home, or pay utility bills.
Irreversible transactions mean your money is gone.
Unless the person on the receiving end is feeling altruistic, those Bitcoin you sent to the wrong address or were "hacked" from the exchange you use are gone. How many people have been successful at recovering their lost Bitcoin through legal means? How many lawsuits have been successful at this?
::crickets::
The place where I store my money took 30% because they screwed up.
The ongoing BitFinex debacle is a prime example of why you should trust no one with your Bitcoin. Sure, they appeared legitimate. They were operating a successful exchange. Everything appeared to be in order and were highly recommended by most in the Bitcoin space. Until they got "hacked" and decided to distribute the "losses" among the users.
Most of those who lost Bitcoin in the hack are powerless to do anything. Some have turned to the authorities to recover their losses. Some are trying to mount a lawsuit. Some are going through the various stages of grief.
The inevitable "hack" that large Bitcoin entities experience is becoming a routine way for trusted innovators in the space to cash out safely with other people's savings. Mt. Gox, Cryptsy, and BitFinex are merely the largest skulls on a pile of bones of cryptocurrency heists. They were all trusted, until it became apparent that it was all a scam.
An industry where "trusted" actors can get away with theft is a barrier to widespread adoption.
Reddit is the primary communications platform where announcements occur.
If you've been burned by bitcoin or some company's support agents that didn't respond to your post, we welcome you with open arms.
Bitcoin is going to put an end to wars and government tyranny.
At what point in history has the use of currency determined whether or not a group, religious faction, or nation is going to wage hostilities against another? Or that adoption of a currency led to an outbreak of peace? It isn't going to happen.
Every now and then Greece, Venezuela, or (INSERT AFRICAN COUNTRY HERE) experience economic turmoil and it is viewed as an opportunity for Bitcoin adoption. No, it isn't even an opportunity. Because the people who use Bitcoin also have easy access to stable fiat currency through banks. They have the first world luxury of being able to convert fiat to Bitcoin relatively easily. (If jumping through several additional steps can be considered easy.) Has Bitcoin taken off anywhere with economic turmoil? Let's check the history books. No. Not one. Even marginal increases in adoption didn't occur.
I'm sure there are Captains of Industry who disagree with me for expressing these ideas. I'm sure there are also those who like me have been banned from bitcoin for pragmatic, practical, and reasonable insights. If you've wandered over here from bitcoin or btc or are u/americanpegasus looking to waste $50,000 of your precious time... welcome.
Gentlemen...
submitted by kenfagerdotcom to Buttcoin [link] [comments]

Log of AMA with particl

boldninja
Let's all give a warm welcome to Particl.io team members - @umbrah, @dasource, @litebit, @rynomster, @imyb, @ludx, @synergy - you can start asking them questions. You know the drill - wait till they respond (not more than 3 questions of backlog) so they can catch up. (edited)
umbrah Thanks @boldninja , we're ready to answer questions anytime :slightly_smiling_face:
rynomster thanks @boldninja, thanks Ark for having us
macdac Hey guys, so Ill be the first to ask, where are we as far as the mainnet release?
litebit macdac: we are waiting for Particl foundation to be approved. Paperwork is in Swiss regulator's hands and we're waiting for them to approve so they can oversee us create PART tokens and distribute PART tokens
jeffjam Since Micah seems not to be present, is he still part of the team?
litebit jeffjam: micah is still a member of the team as an advisor. he has and will continue to contribute to the Particl project. On top of that, his fiance just said yes, so he's pretty busy :slightly_smiling_face:
litebit is it ok to answer in threads @boldninja or do we usually just do a long string?
tranzer welcome Particl - just learning about you guys looks promising and interesting concept. Can I ask how much did you guys raise and currentl holdings you have (mainly asking if you have enough for years to come) ?
litebit @macdac we are waiting for Particl foundation to be approved. Paperwork is in Swiss regulator's hands and we're waiting for them to approve so they can oversee us create PART tokens and distribute PART tokens
umbrah @jeffjam micah is still a member of the team as an advisor. he has and will continue to contribute to the Particl project. On top of that, his fiance just said yes, so he's pretty busy :slightly_smiling_face:
macdac @litebit, did they say anything as far as when they will approve like an approximate date or just when they get to it?
litebit macdac: once foundation is formed we'll use a couple days to do final prep for mainnet setup and then release the clients, source and tokens
litebit @macdac once foundation is formed we'll use a couple days to do final prep for mainnet setup and then release the clients, source and tokens
ryano What is particl
litebit ryano: to put it simply, Particl will be an anonymous, crypto-agnostic marketplace. this will be a self-governed decentralized system
commodore64 Hey Particl team, can you comment on whether or not the fact that it's taking the Swiss Regulator so long to approve has anything to do with any problems that have surfaced, and if so, what those problems are, or is it typical for it to take this long?
litebit commodore64: I know Zug is getting bombarded with cryptocurrency startups.
zedsix Hi there team at Particl, will the GUI be released alongside mainnet?
litebit zedsix: we have started testing the GUI internally. There will be a testnet with the GUI prior to mainnet
macdac @litebit, and you guys are 100% sure they will approve and is just a matter or time??
umbrah @ryano to put it simply, Particl will be an anonymous, crypto-agnostic marketplace. this will be a self-governed decentralized system
tranzer Who do you see as your biggest competitior in blockchain and in traditional sense of the way atm?
mgaruccio So if it's crypto agnostic where does the value of PART come from?
litebit mgaruccio: what's good about particl is that buyers can pay in whatever coin they want, provided it's available in shapeshift. it will automatically be converted to particl. it will be the receiver's choice to sell, hold or stake particl
mr_robot @rynomster When can we expect a working beta of the marketplace? Is the team focused on developing a mobile app version that can do staking on a mobile platform as well?
rynomster @zedsix, we have started testing the GUI internally. There will be a testnet with the GUI prior to mainnet
jarunik Why should i use it and how will you ensure a vivid marketplace?
macdac Are you guys sure of the Swiss foundation approval, that they will approve?
umbrah @mgaruccio what's good about particl is that buyers can pay in whatever coin they want, provided it's available in shapeshift. it will automatically be converted to particl. it will be the receiver's choice to sell, hold or stake particl
litebit @commodore64 I know Zug is getting bombarded with cryptocurrency startups.
zedsix Long time supporter for Shadowcash/Particl since the early days. The biggest gripe I have with the transparency and delays between the team and the community/supporters/investors. This has stemmed from the Shadowcash days - do you have any plans to change the way you address any delays? NB. Nothing against your team, I love the work produced - as a long term supporter I would like to see a company take a more proactive approach to issues that have stemmed in the past and not release hype/release dates until 100% certain.
rynomster @mr_robot, In terms of our timeline, we anticpate the beta to be out mid October, that's without the reputation system.
michaelthecryptoguy Can you explain your exchange mechanism somewhat? What exactly takes place in the background? Explain the client server side of that token being exchanged to the customer receiving that different coin :coinspin:
sacode Any plans to integrate fiat gateway? I don´t see how particl can go mainstream without this feature!
b.b.2k17 will Particl team implant feature similiar to delegatation (dPoS) in order for small staker to vote on propsoal without setting a node?
umbrah @zedsix as you can probably see on twitter, blogs, 3rd party media etc, we are actively informing the community about the status of particl. good or bad. you can see this on particl.news
litebit @macdac our legal counsel is Swiss based and have been through this process before so we're trusting they have all the right docs to get the job done. We were only told it takes 2 weeks to receive the answer once they have paperwork
rynomster @mr_robot, we intend to have the reputation system in place towards the end of October, at the same time we will have the protocols and codebase audited
umbrah @sacode
commodore64 @rynomster Hi there, long-term supporter. I bought SDC back in February of 2015 and have been following the project closely the whole time. One thing I have a problem with is that you have announced the marketplace launch a number of times. For the first half of 2015 you continually said that it would be ready by the end of the year, then the same message was communicated in 2016. The constant missed deadlines have caused me concern, and now I'm still not sure what to believe about the market launch.
So why now should we believe in the October date?
umbrah @sacode yes there is a plan. there are ideas but not limited to coordinating with companies like changelly, so buyers can use credit cards. but priority is still the marketplace
zedsix ^ That's currently how I feel, everytime we receive a release date it never happens - it gets concerning when a company keeps doing this and doesn't learn from the previous time it occurs that you shouldn't release a release date if you're not 100% certain that you'll meet the timeline, @umbrah - the announcements posted on social media primarily are related to delays. I won't go into detail - we'll leave it there. (edited)
rynomster @commodore64, back then we barely had a functioning team. In 2015 the SDC team pretty much fell apart. Funding dried up and there was no real teamwork.. People work working on what they wanted to work on, and there were constantly issues arising that would take priority over the MP. Particl has a team now, as well as funding, a project manager, and we are busy growing. (edited)
sacode How will you approach sellers to use particl market?
tranzer Posting questions again : Can I ask how much did you guys raise and currentl holdings you have (mainly asking if you have enough for years to come) ? Who do you see as your biggest competitior in blockchain and in traditional sense of the way atm?
macdac Will you guys release with ringCT due October?
rynomster @macdac, ringCT is currently in testnet 3
b.b.2k17 I quite like the delegate feature in ARK. Will Particl team implant feature similiar to delegatation (dPoS) in order for small staker to vote for their delegate on propsoal without setting a node?
umbrah @sacode there are a lot of upsides for sellers to use particl market. less paper works, tax breaks (depending on location), more security for seller, not to mention cheaper. we will approach them on more than 1 way. 1 st priority however will be existing crypto sellers
commodore64 @rynomster thank you.
throwplastic @umbrah what do you mean with "existing crypto sellers" as your 1st priority?
umbrah @b.b.2k17 currently there is no plan on changing the PoS structure. I agree dPoS has their upsides, but for the product that particl is setting up, PoS is the perfect choice currenctly
synergy @commodore64 there have been governance issues that have arisen that have delayed the project but now there is a dedicated team of 15 people of which 10 are working full time
commodore64 Another question for the particl team: Will the marketplace allow the ability to create a private market that would require either registration or invitation?
mr_robot Was this answered? I'm also curious on the details of how this works michaelthecryptoguy Can you explain your exchange mechanism somewhat? What exactly takes place in the background? Explain the client server side of that token being exchanged to the customer receiving that different coin :coinspin: Posted in #trading_altcoinsToday at 6:09 PM
macdac What will be the main differences between the Part wallet and the old Umbra?
umbrah @throwplastic sorry, let me clarify. currently, there are a lot of existing sellers who are also sellers on amazon/ebay etc, also people capitalizing on selling crypto merchandize, these will be our initial users and we'll work on that growth
b.b.2k17 (dont forget slack has reply to thread feature, easier to follow the questions and answer)
rynomster @macdac, Particl is being built on the bitcoin core 0.14 codebase. We are building the GUI from the ground up, using Angular (2), and electron. Umbra used QtWebkit, and native html5 + jquery. The UI is new, as well as a way healthier backend inherited from bitcoin core
macdac Is Crz here with a different username? if not can you guys tell us how the GUI of Part is going? What is he working on now?
b.b.2k17 macdac: here is a link to their GitHub, you can see the progress: https://github.com/particl/partgui
sherp Also curious about this tranzer Posting questions again : Can I ask how much did you guys raise and currentl holdings you have (mainly asking if you have enough for years to come) ? Who do you see as your biggest competitior in blockchain and in traditional sense of the way atm? Posted in #trading_altcoinsToday at 6:15 PM
litebit Particl in it's current state is a privacy platform, so we would be in competition with privacy coins. We are testing Confidential Transactions and RingCT on our TESTNET3 atm. Monero is the only other currency using RingCT and only a view others are using CT. Particl is the first to use this tech on Bitcoin codebase. We also have a decentralized voting mechanism so projects like Decred who are excelling at governance are projects we would also be similar too.
Once our market is out we'd have competition from other decentralized marketplaces like bitbay, OpenBazaar, Syscoin's blockmarket and a couple ethereum projects in early phases of development. We'd also be competing against ecommerce sites on clearnet that are strictly centralized models.
The cool thing with the market is it'll be crypto-agnostic so no crypto would be competition. OB also will offer a crypto-agnostic market and I don't recall if Syscoin's does at this time. tranzer Who do you see as your biggest competitior in blockchain and in traditional sense of the way atm? Posted in #trading_altcoinsToday at 6:06 PM
umbrah @mr_robot what we want for particl marketplace to be is a seamless system where buyer doesn't even know he's buying particl to transact. this will be beneficial to normal users who are not familiar with crypto
b.b.2k17 macdac: here is a link to their GitHub, you can see the progress: https://github.com/particl/partgui GitHub particl/partgui partgui - Particl Angular GUI - The source for the Particl GUI.
rynomster @macdac, crz is working on the GUI wireframes still, as well as the new website design. He will be helping out with the GUI as soon as he is finished with his current tasks, to give it some polish (edited)
throwplastic @umbrah thanks for clarifying, that makes sense. Will there be any mechanisms in place to ensure that no illegal products are sold?
umbrah @tranzer currently there is openbazaar (OB), but we believe we will have more features like anonymity, staking and others.
trixter- Particl team: Will their be a 3rd party Audit for RingCT feature before forking it, and do you have an idea how much time this audit could take?
zedsix When's Particl expected to reach exchanges?
michaelthecryptoguy Can you explain your exchange mechanism somewhat? What exactly takes place in the background? Explain the client server side of that token being exchanged to the customer receiving that different coin :coinspin: Does this take place with shapeshift?
macdac Cool, thanks for all the answers guys, Do you guys have an idea of when the new website will be released? which Domain will it be Particle.io still or what?
sacode In June 1st - blog update - you told us there was 3 new faces who joined to the team. Can you reveal who they are? What's their background?
umbrah @throwplastic yes, we will put in a governance model where stakers can vote whether they are ok with putting a product in. as there are grey areas for products, this will be based on votes
litebit The main difference is codebase. Umbra was built on bitcoin .08. Particl is built on bitcoin .14. So we'll have native segwit, malleability fixes, increased security, bip65, lightning network readiness.
The privacy is increased as well. Umbra used ring-sigs and Particl is using Confidential Transactions and is testing RingCT. macdac What will be the main differences between the Part wallet and the old Umbra? Posted in #trading_altcoinsToday at 6:18 PM
@umbrah can speak to this, we're catching up sorry :slightly_smiling_face: sherp Also curious about this Posted in #trading_altcoinsToday at 6:21 PM
mr_robot How does the governance feature work and what's stopping people from making multiple accounts to collude on voting? Is it based on the reputation or staking? (edited)
umbrah @tranzer the team has raised 591 btc and roughly 250k particl. this will last the team for an expected 9 months, which is more than what we need to come up with a working marketplace. there will be a 2nd crowdfunding early next year and we will be expecting particl to be self funding after that.
jeffjam Will mainet be released with implemented ringct?
litebit Yes, definitely. It was one of our funding milestones and it'll be around 3 months to audit and correct major bugs. TESTNET3 currently has RingCT on it but we'll probably remove it for TESTNET4 because it's so raw and we're focusing on mainnet. trixter- Particl team: Will their be a 3rd party Audit for RingCT feature before forking it, and do you have an idea how much time this audit could take? Posted in #trading_altcoinsToday at 6:22 PM
trixter- @litebit thanks
michaelthecryptoguy It seems the business side of particl (picking up more clients, instead of customers to use the service) is moving faster then the developers. Any explanation on this?
litebit michaelthecryptoguy: our dev team is working full steam ahead and making sure we are testing properly. We are in the final stages of the GUI development. The Blockchain and daemon are working and in public testing.
litebit by saying clients, do you mean contributors? if so, this is exactly what we expect, as this indicates speculations. same with other successful projects
umbrah @michaelthecryptoguy by saying clients, do you mean contributors? if so, this is exactly what we expect, as this indicates speculations. same with other successful projects
zedsix When's Particl expected to reach exchanges?
litebit zedsix: we are in ongoing conversations with majority of the exchanges, in an ideal scenario we would be listed on launch date, this is a work in progress and has been given priority by team
rynomster @michaelthecryptoguy, our dev team is working full steam ahead and making sure we are testing properly. We are in the final stages of the GUI development. The Blockchain and daemon are working and in public testing.
macdac Are you guys concerned of the competition? like Bitbay and others that have or plan to release a market
litebit macdac: there have been markets around for a while. We are focusing on anonymity and decentralised governance.
imyb @zedsix we are in ongoing conversations with majority of the exchanges, in an ideal scenario we would be listed on launch date, this is a work in progress and has been given priority by team
umbrah @zedsix we are waiting for foundation to be finalized first before we can release the mainnet, then exchange. same as other coins, it has to be the exchange's discretion when to add a coin, but we have already communicated with numerous exchanges to list this, and we are seeing positive replies
sdcpod How far are you with the Gui ? Will it be in Testnet 4 and if yes when is testnet 4 ?
zedsix Thanks @umbrah / @imyb
umbrah :slightly_smiling_face:
sacode There will be a marketplace app on app store or google play? If so, when?
rynomster @macdac, there have been markets around for a while. We are focusing on anonymity and decentralised governance.
molefish Will there be a way to run the wallet at launch on Mac OS X?
litebit Original mainnet (this first one) won't have ringct. We'll need to audit the code first jeffjam so it'll be on testnet for a while before going live. we haven't contracted any party yet to do this. I'd imagine a 3 month window to audit is to be expected jeffjam Will mainet be released with implemented ringct? Posted in #trading_altcoinsToday at 6:25 PM
michaelthecryptoguy So do you blame the advertising side of particl, for these announcements, or does the finger point mostly toward the developers for not meeting there timeline?
litebit Any mobile version of the marketplace will come after the second funding round. This first seed round is to get the MVP to market. Greater enhancements will come with additional funding and larger focused teams. sacode There will be a marketplace app on app store or google play? If so, when? Posted in #trading_altcoinsToday at 6:32 PM
Yes. molefish Will there be a way to run the wallet at launch on Mac OS X? Posted in #trading_altcoinsToday at 6:32 PM
rynomster @sdcpod, right now we are working towards getting the GUI ready for public testing. Based on our estimates we will have some GUI elements ready for testing next week.
michaelthecryptoguy What is causing the team to not work insync (as one) What improvements or changes have been made in this area?
throwplastic Will there be a browser-based market or do users always have to use a dedicated particl software to make purchases?
dasource throwplastic: Particl wallet will work both in browser and as an application .. to ensure privacy you require your own particld daemon running within the same network. Whilst it is possible for it to work with external/shared daemons that is not part of the current scope to effects it has on ones privacy
sdcpod What you mean with "some elements" you mean the gui like back in sdc but like say without widgets ?
rynomster @sdcpod, there will be basic functionality, but it won't be complete as its still in development.
michaelthecryptoguy Who do you see as your main customer base? Average people that use or work with Crypto Currencies?
litebit @michaelthecryptoguy i think it's a product of the fast paced crypto ecosystem. when people's money is on the line, deadlines and firm dates are expected and we want to be as transparent as possible so we try to accomadate, but roadbumps happen and deadlines sometimes get pushed
trixter- Particl Team: Will TOR, I2P be integrated in the wallet on release?
dasource trixter-: TOR - yes I2P - no
mike where can we buy Particl now?
umbrah @michaelthecryptoguy there certainly are challenges we are expecting like any other team/company, but we believe we are working better than an average team. now that the team is well funded, we can expect fster project and more deadlines to be met. as a matter of fact, the team has already contributed more thatn 100k lines on github
commodore64 I'll ask this question again: will users be able to create a 'private market' or is everything 100% public?
dasource commodore64: Yes there will be support for Private Markets
commodore64 @dasource thanks! Has this feature been fully fleshed-out in terms of development? Like will there be an integrated invitation system or ability to create user credential authentication information? And also, will the private market be subject to its own separate governance?
dasource conceptually it is not much different to the public market other than the key to access the private channel is a secret and shared by the creator with those he wishes to invite .. there will be no governance on the private market as its impossible to govern something you cannot access
imyb @mike you will need to wait until PART hits the exchanges
litebit To start it'll be trend setters so crypto users. Big picture we'll be reaching out to vendors, sellers and buyers in countries that don't have access to the ease of amazon or ebay due to political positioning and restrictions on where they live. That's the big goal of the market michaelthecryptoguy Who do you see as your main customer base? Average people that use or work with Crypto Currencies? Posted in #trading_altcoinsToday at 6:36 PM
umbrah @commodore64 particl platform itself is a private marketplace. no one will be able to know what anyone buys/sells, thanks to the CT, RingCT features and encrypted msgs
mike does Particl have a wallet available for OTC exchanges?
macdac Will you guys make a video showcasing the wallet GUI soon?
litebit The wallet will be on testnet soon so people can be hands on with it :slightly_smiling_face: much better than video macdac Will you guys make a video showcasing the wallet GUI soon? Posted in #trading_altcoinsToday at 6:40 PM
commodore64 @umbrah so the answer is no? People won't be able to create sub-markets within the main marketplace?
sacode May i set my favorite currency and language to navigate on marketplace?
umbrah @mike particl will have a very user-friendly wallet :slightly_smiling_face:
commodore64 like with authentication restriction
litebit CHANNEL: is this method of question answering helping or hurting? it seems a mess and hard to keep up. we want to make sure everyone is being heard. Could we answer using threads instead?
umbrah @commodore64 that is a feature-based question. i'll ask one of my colleagues to answer that
mr_robot Threads would make more sense it seems
umbrah @commodore64 dasourced has answered your question in threads. and the answer is yes :slightly_smiling_face:
rynomster Our new members are: Imran, our Commercial and Partner Strategy Pierre-Alexis Ciavaldini, Talented developer * experienced in C, AngularJS, Web development Jason Eybers, Junior developer * he is still studying, but he is adding valuable things like unit tests, linting, and little things that the seniors aren't currently focused on. sacode In June 1st - blog update - you told us there was 3 new faces who joined to the team. Can you reveal who they are? What's their background? Posted in #trading_altcoinsToday at 6:23 PM
michaelthecryptoguy How do you overcome a vendor that is brand new to Crypto Currencies, that can't pay for his supplies or merchandise in crypto? Will you be working directly with any banks? (edited)
umbrah michaelthecryptoguy: working with banks would not be a good strategy. as of the moment, we will make particl marketplace to be a decentralized marketplace free from paperwork etc.
imyb michaelthecryptoguy: we are in discussions with partners who should be able to provide us with the facility to entertain these types of transactions
sacode The fact that you guys met in Hong Kong in the past, has something to do with the possibility of establishing contacts in the Chinese market? (edited)
umbrah sacode: yes :slightly_smiling_face:
litebit sacode: Establishing a prescence in China is a major reason for this Particl pivot
mr_robot Private sub markets... What would prevent that developing into unfavorable things that would bypass the community governance voting?
dasource mr_robot: Private markets are precisely that, no governance.
throwplastic But there is a way of voting certain products out by stakers from what I've gathered?
litebit Private markets are just that private, who is in there, what is happening, what is selling is all private. the network is unable to tell what is going on. similar to how signal or whatsapp encrypts on client side
commodore64 @litebit @dasource what if someone gains access to a private market and it's determined that there are undesirable products being sold in there and they take some screenshots and post it up online like in reddit or bitcoin talk or something? Is there a governance model overseeing the private markets at all?
dasource There will be no governance on private markets .. it is impossible todo.
commodore64 @dasource @rynmos
commodore64 @dasource @rynomster rynomster indicated in the main thread here that 'the network will only be supported while it is being run cleanly'. is this concern not relevant within private markets?
litebit the only way to "gain access" is for 1 or both parties to "give access" by posting these images themselves. otherwise everything is encrypted with industry standard cryptography
commodore64 like why is it relevant within the main marketplace but not within private markets? particularly if it becomes publicly known through screenshots on public channels? Like I get into a private market and take some screenshots and put them on reddit, is that not concern about the market being run cleanly?
dasource this has already been answered in another question ... you cannot govern something you cannot access .. the whole point of a private market place is that it is private by the creator and shared with those he wishes to only.. I am not sure what is the misunderstanding here? (edited)
mr_robot I think the concern is that any private market would bypass the community governance and therefor allow any kinds of black market items that could be used to hurt particl's reputation for larger more legitimate things. Ie larger sellers on Amazon wouldn't want to have anything to do with a marketplace that had screenshots of nefarious things being sold... (edited)
dasource I see your point and understand it however let me give you another example ... If you and I use Signal and we decide to trade Cuban Cigars ... you post that on the internet. Should Signal be held liable because they provided a secure means for you to communicate and trade? Particls Private Markets are no different, we are providing a means for people to trade in 100% privacy (anything from cigars to private paintings etc) .. in that environment you cannot govern because it is encrypted for everyone else. Is it possible people may use this for nefarious items? Yes... but it is also possible for that to happen on Signal or any other good encrypted chat platform. Should we stop developing for the good because a few bad actors might use it?
2cuse What about the case where people just don't vote?
umbrah 2cuse: if people do not want to vote, we cannot force them to. this however, remains a feature in the particl
b.b.2k17 this is why i would love to see dPoS
2cuse Seems like you'd have to spend allot of time voting to stop bad stuff that may pop up
throwplastic Is there a legal risk of staking if illegal products are traded on the platform?
umbrah throwplastic: the reason why we are taking a lot of time with foundation is because we want to make sure there are no loopholes in terms of legality. i'm confident that we have this covered
throwplastic Good to know, thanks!
rynomster @2cuse, the required threshold will be set quite low at first, as failed governance will be very fatal for Particl. The network will only be supported while it is being run cleanly
2cuse Hmmm ok that sounds ominous
michaelthecryptoguy Is their a current partner that can re-distribute particl or another coin, back into my choice of monetary unit? (usd, eur, rupee, peso, etc) (edited)
imyb michaelthecryptoguy: yes
mr_robot Can you explain how the governance will work and what will prevent people from gaming the system with multiple accounts?
umbrah mr_robot: the governance will be based on a staking vote (not yet final) we will ensure that there are no duplications
litebit mr_robot: for the market we're still researching and developing models of governance. a seller will need to pay a fee to list which can become expensive if gaming a system. voting will be an incentive for the network so it would become expensive to gain a majority % to manipulate voting
2cuse I could see spammers testing the governance then worth illicit goods
litebit 2cuse: of course. there is no centralized control so the network affect will be in effect :slightly_smiling_face:
macdac Will the people who were gracious enough to donate 25% or more from their bonus receive any incentive outside of just having username be mentioned?
dasource macdac: How does early access to Market sound? Open to ideas
macdac That sounds good
macdac I donated a good amount of coins
umbrah we are actively thinking of ways to reward donators. if you can think of a reasonable reward let us know :slightly_smiling_face:
dasource Thank you .. I am sure the 100s of people who genuinely missed out on the conversion will be grateful
macdac Youre welcome, ive been supporting this project since day one
macdac Early access would be nice ill think of something else and let you know
macdac Hope you guys look at the number of coins donated too when considering because I know that many people had multiple accounts and could have chosen to donate from only 1 but not the rest, I only have one Particl.io accoutn
michaelthecryptoguy Would you be willing to introduce that partner to the :ark: team? (edited)
umbrah michaelthecryptoguy: i don't see any reason not to :slightly_smiling_face:
michaelthecryptoguy :partywizard::slightly_smiling_face::sun: (edited)
michaelthecryptoguy @mike This might be something you would be interested in pursuing.
mike thanks for bringing up.
mr_robot I understand that details of particl being on what exchanges at what time is not currently possible due to the unforseen events of the delays of the terms of service. But is there still open communication with the exchanges and are they responding positively to the idea of listing particl when it's released?
umbrah mr_robot: a lot of exchanges are responding positively. we are actually expecting to be listed a few days after mainnet release, but could not confirm any of exchanges of course
commodore64 litebit, commodore64, and mr_robot @litebit @dasource what if someone gains access to a private market and it's determined that there are undesirable products being sold in there and they take some screenshots and post it up online like in reddit or bitcoin talk or something? Is there a governance model overseeing the private markets at all?
trixter- Particl Team: How much % of wallets are created and how much has been donated to this day?
dasource trixter-: 83% are ready for genesis with 125k Donated
trixter- 125k does that include the teams donation of 40k or without?
dasource that is without .. and the team will match upto 40k based on 5:1 formula ... so 125+25k=150k ... well short of the 250k we are aiming for
trixter- nice Im rooting for the project to achieve this goal. This is a uniqum in crypto that people give away money to help out other people. I hope you guys will provide an address for people to donate their staking rewards to so we can achieve this goal
sdcpod Yea staking to address function would be nice but @dasource said wont be possible im near future due another feature in the pipeline ?
umbrah we will do what we can to stake, but the priority will stil be focused on producing a marketplace
dasource I said "it was unlikely" ... however we wont know until we get down to the nitty gritty on it ... best way to donate to the cause is the increase your donation % before the genesis block
trixter- im alreaddy on 100%
sacode About marketing? Are you doing it all by yourselves or are you going to work with a specialized company?
umbrah sacode: we have a few partners in terms of Pmarketing
umbrah you might have seen taizen and leon fu videos, we have hired PR firms as well
sacode Yep i saw leon fu videos
umbrah :+1::slightly_smiling_face:
litebit we have been ramping up and beginning contracts with professionals beginning in June. in prep for mainnet and PART tokens being live in the wild
sacode So I presume we will start seeing some marketing very soon
sacode :slightly_smiling_face:
sacode This PR firms have any kind experience in crypto world?
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[Table] IAmA: We are Adam, Mike, Ryan, Angelo and Ken of Vault of Satoshi (Canadian Bitcoin Exchange) AUA! And Raise Money for Cancer Research!

Verified? (This bot cannot verify AMAs just yet)
Date: 2014-04-08
Link to submission (Has self-text)
Questions Answers
How does your company plan on staying competitive with other local exchanges coming out? Any plans on making an app? The company was started by Mike and Ryan, crypto-enthusiasts who saw problems in the marketplace when dealing in cryptos. They wanted an exchange that had a strong support team, legal visibility, operated somewhere where you could trust your money and had strong security - so in short they built it! We expect really big things for VoS and do indeed intend to be competitive with other exchanges, and yes, that does include building an app - we're currently exploring options in that field but we feel it crucial to take our time in doing that and put security first.
Why is it important for bitcoin companies to donate to charities? Or people to donate with cryptocurrency? Just wanna say thanks for being in the btc community and helping it grow and spread it around. Is there a lot of pressure on you now that you got your MSB? Any pressure from banks or government on how to behave? As for Charity we just feel its the right thing to do, I've always been a strong supporter of charities in my daily life and I brought that forward to VoS and the team agreed it made sense to gather up some funds for the Canadian Cancer Society given that April is their big fundraising month. On a grander scale I think it's important for cryptocurrencies to play a positive role in the world, let people know what we are all about, there is a lot of negative stigma about cryptos, some people say it's just kids "printing money", but it's a lot harder to say that when you're positively changing the world!
There's not any more pressure on us now than there was before - in fact I would say the MSB has taken some of the pressure off. We instead hold ourselves to the same laws and scrutiny as any financial institution would have to, and we feel this is best for our users and this sector as a whole. Getting the MSB let us know we had done everything right so far, and being in a new and evolving industry it's not always too clear if you're taking the right steps. The MSB is a checkmark that says "Hey you guys are as legitimate as you say you are" and we'll continue to hold ourselves to what ever rigorous standards we can (even when we don't need too). As far as external entities like Banks and Government - I think they are happy to see we have our MSB, I think it makes them more comfortable with the field in general and more willing to work with us. We recently met with our Member of Provincial Parliament and are setting up meetings with our Member of Parliament, and our Minister of Finance so they can see our operation here! The MPP certainly loved what we've got going!
That was a fast reply. Thanks for the response, you guys always been good with customer service :p . And thats great Mike and Ryan stepped up to be the ones to do it, it's a really much needed addition to the Toronto bitcoin scene. Oh man if Timmies was a payment I don't think Canada would need cryptocurrencies at all! Timbits everywhere! We love Tim Hortons - we usually start our Monday's with group coffee and donuts! So we are never opposed Timmies if you are dropping by for a visit :P (Compliance disclaimer: Timmies is not a valid payment method, just a staple at all Canadian meetings)
We also feel the importance of charities, especially with the nature of the bitcoin community always being a giving one. I hope you guys see good results n help the bitcoin image. We want to come visit you guys sometime, do you accept Tim Hortons as payment? :p.
The charity that you are donating to, do they accept btc or will you be converting it to fiat? We'll be convert it to Fiat.
Any plans on an Android app? We are looking into this, no formal timeline, but we're certainly exploring it!
It would be great if the volume would increase, can you comment on what is the strategy for getting more costumers? We are actually making a big push this spring in regards to our volume, including launching a highly competitive affiliates program that expect will grow our volume a great deal.
Any chance on improving the charts? (Or being included in bitcoinwisdom) We're always happy to take feedback on our charts, let us know what you want to see! As for Bitcoinwisdom, we've reached out to them multiple times, and added all the API support they need - just waiting on them to hopefully add us!
It currently takes ~3 days to get funds added to the balance, I presume that is mostly for security and because banks suck, are there plans to reduce this waiting time? We're looking at adding instant online debit transactions, no formal timeline on that yet but we are sure it will be great for our customers!
Glad SonOfAragon asked those questions so I don't end up repeating them and thanks for your reply Adam. However can you give us an idea of when you plan to launch the affiliates program/make the big push? If I sign up for an account, I'd probably want to beat the rush. We're actively working towards our affiliate program and our intention is to have it sometime this spring!
As someone who is completely ignorant of all things internet currency. can you please tell me how a beginner would go about getting into investing? (Lets say I have $10k of disposable income currently, would you suggest investing it all in bitcoin?) Hey Buildingdreams4,
That's a pretty hard question to answer, and so I can't give you an official Vault of Satoshi answer but I can give you a personal opinion. So please note this is my two cents and nothing VoS official.
Personally I have some experience in day trading and that's the best way to make money in such markets - however that's the kind of situation where you have to take risks, actively watch the market and only ever trade with what you have to lose (not only to avoid loss but also to make sure you are willing to take the level of risk needed to make strong returns.) I'd highly recommend learning about Forex trading before you dive into this.
That being said the Bitcoin community still feels strongly that their currency value will rise, subject to merchant adoption, legal/political landscapes and a number of other factors but I can't really comment on that as it is a real challenge to predict; there is also a great deal of merit to a number of altcoins with unique value - but just make sure you research and make informed decisions. Don't take anyone's advice at face value (mine included) research and invest where you feel comfortable.
What does vault think about VOS bitcoin atms? What can we do as customers to help you guys make this site better? As far as what customers can do - simply share the love! Tell your friends about VoS and always feel free to reach out to is with what you want to see on our site.
What about a physical location for vault deposits and verifications? We are currently examining new infrastructure opportunities that would allow us to accept physical deposits in more locations and we hope to have more information about that soon!
How does your reporting with with CRA? As for the CRA reporting I'm not sure what your exact question is, but as a registered business we report to the CRA in a typical fashion.
Is there any way to shorten deposit times? I'm super impressed that I can pay you like a bill directly from my bank account, but I'm bummed about how long it takes. If I send money to my vos account on a Thursday, I may not see those funds until Monday or Tuesday. If the exchange is open for trading on weekends, how about processing deposits as well? Hey Jay.
Also, what is done with the confidential info people upload to become verified? is it deleted? if it's kept on file, is access to it restricted to certain employees? We're currently working on a system that will allow immediate deposits via online debit! No formal time line yet but that will indeed make things much quicker!
Keep up the good work! Thank you. As for confidential information, if you have ever made a financial transaction on our website then we are required by law to keep a copy of that information. We take this responsibility very seriously, this information is encrypted and stored securely and is most certainly restricted access!
That's cool! Awesomesauce! I'm looking forward to it! Do you know if it will be limited like QuickBT (.2 BTC) or if there is some kind of daily limit? Also: when trading doge to btc I swear it took me half an hour to figure exactly how many doge I could buy with my btc including the fee. And I did it all wrong. I still have like .00066 btc left in my account which I guess is forfeit to the ether... Is there any way to put a helpful calculator on that page that figures it out for you??? As for your other question, as Xangelo said, we are working on improving the layout of our coin to coin system to make it less complicated. Being one of the first major exchanges to offer any coin to any coin means there is going to have to be some tweaking while we find out what the marketplace likes! But we're always open to feedback!
Would you rather fight a horse-sized duck or a hundred duck sized horses? Please elaborate. Feel free to answer individually. If there is anything that years of video game playing has taught me it's always pick the bigger monster over a ton of little ones! A hundred duck sized horses could quite quickly surround and nip and kick from all angles. Where as I feel that whilst a horse-sized duck would be absolutely terrifying my odds are better as I can always keep it in front of me (and perhaps distract it with breadcrumbs)
Also do you guys have any plans to change the buy/sell mechanic? I find its way too easy to accidentally make a buy order when you meant to make a sell order. As for the buy/sell mechanic it is something we are actively implementing and expect to launch in a couple weeks! Will make it easier to keep that straight!
My question: To be honest I've been using CaVirtex.How* would you say yours is better? We stand by our service as we are sure they do theirs, but at the end of the day it's about what better suits your needs. At the end of the day competition makes the market better for everybody!
Specifically, I would like to know what the nature of their cooperation and level of engagement is. Do they provide VoS with the absolute minimum of services as they would with any other business? Are they accommodative to specific VoS needs and requests related to crypto-currency specific challenges? Are they mutually active in developing services and infrastructure to support VoS/crypto-currencies? Are they taking a leading role in facilitating the necessary changes to support this new industry and growing public demand? Are you provided with a liaison to facilitate a closer working relationship? That being said when we did work with them they were fantastic, very supportive, and loved our business; the local branch went to some great lengths to help with our unique challenges and we certainly hope we can work with them again in the future.
Thanks for the reply! I feared as much having read about Cointrader in Vancouver being cut off by BMO in February. If I can follow up, how are your banking needs currently being met? We're currently actually streamlining our financials and will have more announcements on this soon. New partnerships are opening up doors to new payment methods and currencies and we're excited about that.
Are you planning to offer other services with altcoins? or you want to keep it solely as an exchange? We are exploring services beyond just exchange services - but we have no formal timelines on them yet! We'll be sure to let folks know!
Are you operating a full or fractional reserve and how much liquidity do you have available if tomorrow all clients wanted to withdraw all their funds? We are a full reserve exchange. We do have our holdings divided between our hot and cold wallets and top our hot wallet as it gets low. But we do have all the BTC we claim to and are actively working on a Proof of Solvency tool to verify this to users.
Which altcoins do you see as strongest going forward? Anything that has a unique value proposition and a strong community has the ability to go places but it's pretty hard to gauge these in advanced. We expect great things from the coins we've added/intend to add over the next month, which have all been announced.
Good to know Yubikey's available, thanks xangelo. Maybe one of your execs can chime in on the qualifications needed to join your verification team but that has me wondering...if a customer opens an account with VoS, can they still be hired, then close their account of course, or is that an automatic disqualification? By the way I didn't see a careers section on your site, are there plans for that once volume and I guess revenue increase? Just because you have an account with us, does not mean that you would be barred from applying for a job.
Currently we don't have any openings but when we do we'll be posting them to our website and all current positions would be located at our Brantford office.
Our verification system was designed by our exec team and our compliance officer and aided by our legal team; and our support staff handle the verifications. (Wasn't sure what you meant by "verification team") as for requirements for any opening, we'll be sure to post them with up coming jobs! Thanks for your inquiry though!
Thanks for clearing that up, I appreciate your thoroughness. Yes sorry, I was just speaking about FinCen to someone else before replying to this. I did mean Fintrac and I've edited the post!
I don't want to draw this exchange out too much but what puzzles me is your statement about FinCen compliance. If you're currently not accepting US customers, why would FinCEN compliance even be relevant? Let's say a customer lives in Canada. Wouldn't you simply have to comply with FINTRAC regulations, seeing as that's an a Canadian agency? And one other thing. Does Vos report transaction details to the CRA to meet fiscal obligations? As for CRA reporting I can not comment on that, however we follow all legal requirements of a financial institution dealing with proper reporting.
How does the US IRS deal effect things on your end? did this announcement open the door back up for USD wire transfers? The IRS statement actually doesn't change to much for us, FinCEN and other entities still consider it as currency - we're still actively looking into US options and moving forward on some with our legal team.
Do you see cryptocurrency status changing in Canada as a result of the US ruling? Do you have any indication of the direction that the bureaucrats will take? We have met with our Member of Provincial Parliament, are meeting with our Member of Parliament and are having a meeting with the Minister of Finance arranged to continue to advocate on behalf of cryptocurrency in Canada.
From everything we've been hearing, we're optimistic about Canada's role in the future of Cryptocurrency, people have been very forward thinking and accepting here!
Disapointed you're getting ride of the free cash-out by cheque. And do you plan to have some sort of automated EFT withdraw ? you allready have my bank account into. Write now it would seem simpler to move my BTC to cavirtex when I'm ready to make a withdraw to my bank account, as I can do it from the website. What am I missing here ? thanks. We are rolling out a number of new payment methods shortly that will make withdrawals easier for our clients.
Hey guys, thanks for doing this AMA. You were my first exchange, and gave me a warm welcome to the world of Cryptocurrency (free trading through Reddit promo, invited me for Doge cake) I've actually had the pleasure of talking to some reps from the MintChip program - we kept a careful eye on it but I know that the Mint is selling it off to private enterprise. While it is in a different space from us we are always looking at the evolving landscape of digital money and what can be done to promote that in Canada.
I was going to ask about your stance on MintChip, the Canadian government's digital currency program, but I just read they were looking to sell it off! Has there been any interest at Vault of Satoshi about this technology? While I don't think there is any direct partnership opportunities at this time it is always something on our radar and I think that MintChip was an interesting hardware development and it was great to see a federal institution being so forward thinking!
Can you tell us when and if you'll be able to operate as an exchange with USD? We currently do accept USD, we just can't accept it from US citizens or institutions.
That being said we are glad to announce we have identified our US re-entry strategy and are moving forward to launching in a few states first. We have no formal timeline on this yet, but it's a big step in the right direction.
Quick question, if in the future I choose to close my account with VOS, will all my info and history also be deleted from your servers? As per government regulations if you have ever made a financial transaction we are required to keep your information on file for seven years.
If you have not made a financial transaction you may email us with a request to delete your information. Please note that the request will be kept on file.
Hey guys, Are there plans to incorporate google authenticator? Thanks and keep up the good work! User we already support Google Authenticator, YubiKey, SMS, and Email for 2FA and will be adding Authy and Gemalto soon!
Is your $99 per month Unlimited Plan in USD or CAD? Please state it on your website. It is currently billed in USD as that's more widely accepted with our international audience.
When will Darkcoin, Worldcoin, Mintcoin, Cryptogenic Bullion, and Maxcoin be added? Those coins will be added in the next few weeks! We're pretty excited about that!
Hi there! I have a level 2 VOS account. I'm not really comfortable filling out the form for level 3. Currently I have to use QuickBT or an ATM to get BTC - which sometimes I turn into DOGE. (THANK YOU FOR ADDING BTC<->DOGE! you guys are lifesavers!!) We're actually working on adding an instant online Interac payment system, still no formal timeline but it's in the works. As for email transfers from BMO, BMO has come out and said they aren't working with businesses that operate in cryptocurrencies and so we can't accept funds from them on anything that would require us to have a BMO account or registration there. But, we can accept Pre-authorized debit and wire transfers from accounts there! Also feel free to email me about any concerns you may have about the level 3 account and I'll see if can't reassure you! ([email protected])
Just wondering why there is no support for an Email Transfer from BMO. Or online Interac payment, as that's the only reason I use QuickBT.
Would you rather fight a horse-sized duck or a hundred duck sized horse. I prefer horse sized ducks! What a kamikaze!
Don't be so sure. YES! Take that Angelo! Horsefish!
'disabled login' Another word, the exchange is down. I've been trying to login and access my funds for the past 5 hours. We're back up now!
No need to be alarmed though people; this is just a result of VoS being pro-active with patching up the latest SSL security bug (heartbleed). Ah yes, that is indeed a side-effect of the patch. While our systems weren't directly effected a load balance server hosted by Amazon would have been so to be better safe than sorry we've got them patching it and we are rolling over to new SSL certs! Always better safe than sorry!
I can see your exchange being the top exchange in Canada. Great work! I will come up to brantford one day after my exams and bring you guys some timmies, depending on the weather it could be coffee or ice caps, or just let me know ha :) As for the UI we're currently giving it an overhaul on our internal servers and hope to have more info on that soon!
I know it's not much but I just sent 6000 Dogecoins :) Every bit helps :)
Whats the yearly revenue and profit of your company? Sorry, as a private company we are going to abstain from answering that one - but even if we wanted too, we couldn't; we've only been around for six months so far!
Last updated: 2014-04-12 19:27 UTC
This post was generated by a robot! Send all complaints to epsy.
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[Table] IAmA: I am Cameron Winklevoss and I love me some Bitcoin AMA!

Verified? (This bot cannot verify AMAs just yet)
Date: 2013-12-15
Link to submission (Has self-text)
Questions Answers
How can we be sure you're not Tyler Winklevoss? You can't. Sometimes I'm not even sure.
You went to quite a number of very good schools. What's your take on elitism and classism? Do you think that the networking possibilities there are more worth than the actual education? Elitism and classicism are for people who can't get by on merit alone.
So, do you have a facebook account? Yes.
Winklevosses, or Winklevii? WinkleBOSS.
Thank you for taking the time for this AMA. Where do you see Bitcoin in the future? How will it remain a viable currency? Small bull case scenario for Bitcoin is a 400 billion USD dollar market cap, so 40,000 USD a coin, but I believe it could be much larger. When this will happen, if it happens, I don't know, but if it happens, it will probably happen much faster than anyone imagines.
Have you sold any of your bitcoin? I have yet to sell a single bitcoin.
I just started rowing for my college, any tips? One of best ways to get gains is 90min steady state 3-6 times a week, HR @ ~150 BPM (75% of 220 minus your age)
We all learned of bitcoin at different times and in different ways. How did you learn of bitcoin? Partying on a beach in Ibiza, where else?
You know what's cool? A single bitcoin.
What has been the most defining experience you have had to date? So far, I would say rowing in the Olympic Games for the USA.
Do you ever wish Pacific Rim was real? Yes. Tyler and I would be be able to drift in Jaegers and beat down on Kaijus. Is that you Eli?
IPhone or Android? Both, however, Android is much more Bitcoin friendly.
Whats your favorite purchase made using Bitcoin thus far? Sriracha bacon lollipops.
What did you think of your portrayal in the Simpsons? Would you be a guest star if given the opportunity? Huge fan of the show, but didn't feel our portrayal was particularly clever, a missed opportunity for them but flattered nonetheless.
Favorite video game? Age of Empires.
Are you actively trading your bitcoin or are you just holding on to them? Do you think you can really predict price movements? Holding, Spartans hold. No, my crystal ball is broken ATM.
Cameron, what was the highlight of your time at Oxford? Dining with Harry Potter.
What is your favorite book? I have a couple, to name a few, Isaac Asimov's Foundation, Frank Herbert's Dune, Daniel Mason's The Piano Tuner...
What do you say to people who think your right hand is fake in your photo proof? Link to www.youtube.com
Thanks for taking the time to do this AMA. Do you have any good resources for learning the ins-and-outs of Bitcoin? Link to trybtc.co is a good starting point for setting up a wallet, etc. Link to thegenesisblock.co is an incredible resource.
Do you believe in BTC as a currency or only as a speculative vehicle? I view Bitcoin as commodity money.
Can I be you? No, but you can be Tyler.
Hi Cameron, I feel like watching a movie right now. Do you have any suggestions of what I should watch? Toy Story 1,2,3. (A did this marathon earlier today).
Do you see BTC 'replacing' currencies we have today, or being used alongside them? I view BTC more as an alternative to fiat currencies than a replacement.
Have you invested in any altcoins, if so, which and why? I have not invested in any altcoins because I don't believe that any of the "problems" or issues that they address can't be addressed by Bitcoin itself.
Do you think the unequal distribution of bitcoin / big gains of early adopters will be a deterrent in a more widespread adoption of bitcoins? No. Early adopters get bigger gains (as they should) because they take on bigger risk. A bitcoin can be divided into 100 million pieces, so I don't see divisibility or distribution as a problem.
Biggest regret outside of anything facebook related? That I haven't formed a band yet.
I understand that your ETF is only available to accredited investors. Why? Was this a decision on your part, or an SEC rule? Are you planning on opening it up to all people, not only accredited investors? Due to gun-jumping rules I can't speak about the Winklevoss Bitcoin Trust, however, ETP's and ETF's are NOT exclusive to accredited investors, any investor can purchase shares.
Considering your huge position in bitcoin and the huge volatility of the price, how does it feel riding the massive swings? Some days I don't even look at the price. I'm in this for the long-haul. Spartans hold.
Favorite Album? 80s Def Leopard: Hysteria 90s Smashing Pumpkins: Siamese Dream, RadioHead: Ok Computer, Alice in Chains: Dirt...
How good do you and your brother understand Bitcoin from a technical perspective? Like very specifically how certain aspects of it work (E.g: Proof-Of-Work, Cryptographic Hashing, etc)? Additionally, what are the biggest problems you see with bitcoin going forward? Pretty well. I've spent a lot of time self-educating on crypto, etc.. The beauty of open-source is that it adapts and evolves so I am confident it will do so as needed.
What is your Christmas wish this year? A triplet.
People have been asking you about the future of Bitcoins, but what do you see for the future of the US dollar? Will it be affected by all this quantitative easing? I'm not sure about the US dollar and nobody I talk to is either. What everyone is sure about, however, is that we are in completely unchartered waters. In the last 4 years alone the Fed has quadrupled the money supply. At some point the music has to stop?
What do you eat for breakfast? Egg white omelette usually. High protein.
How would you recommend someone should go about starting a Bitcoin group on a college campus? Looking for ways to do this but I can't think of any 'goal' or ways to entice people. Check out Link to bitcoin.stanford.edu
What is the biggest difference between you and your brother? I'm the goofy twin.
I think what he is saying is that people who are not smart or talented or hard working use family name, race, money, etc as a crutch to prop themselves up because otherwise, they are worthless. Correct! Perfect explanation. So much of what I love about rowing is how merit-oriented it is. The boat you're in doesn't care who you are, and what you have, only what you do.
Damn! This was my only chance to talk to a famous person! Hi Tester! Tyler says "hi" too.
I am honored! As am I. Thanks for taking the time out to join me.
I am a twin, me and my twin both did crew in high school, and we both have invested in Bitcoin. Just want to say that we both look up to you guys :) twin power! #Twinning!
I just really like the username you chose. That's all, have a good day. Merci.
Last updated: 2013-12-18 22:16 UTC
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How to use a Bitcoin ATM - YouTube

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