Bitcoin Address Lookup, Checker and Scam Reports ...

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Buy medicines online without prescription - Pharma.lv

Welcome to Orange Pharma Plus Subreddit. **[Pharma.Lv](http://Pharma.lv)** is a place of No prescription medicine at an affordable cost for every person related to pharmaceutical industry or an addict. Pharma.lv is an established business product by **Orange Pharma Plus** working since 2012.
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Craig Wright's Fraudulent Tulip Trust List is now public. Early miners can now check and see if Craig is claiming access to any of their Bitcoin while he promotes to Calvin Ayre an asinine plan to somehow have the court order those Bitcoin be transferred without a private key.

submitted by Zectro to btc [link] [comments]

08-31 04:15 - 'Unfortunately your location does matter for your exchange (where you buy/sell). / Check out r/bitcoinCA for lots of great info. / ShakePay is easy to use, quick to transfer funds to (can use regular Interac e-transfer up t...' by /u/TrueNorth49th removed from /r/Bitcoin within 2-12min

'''
Unfortunately your location does matter for your exchange (where you buy/sell).
Check out bitcoinCA for lots of great info.
ShakePay is easy to use, quick to transfer funds to (can use regular Interac e-transfer up to your bank/card daily limit), and signup/verification is pretty fast/painless. Fees why buying/selling BTC can be a little high (1.25-2.25% depending on price volatility) but they charge no other fees - including free xfer to your wallet. Use my link and we will each get $10 when you buy your first $100 of BTC.
Newton gets some good reviews as well and is supposed to have lower fees. The verification process with PLAID is a little disconcerting - would suggest avoiding until they implement their new process (supposedly coming soon).
ATMs charge VERY high fees (sometimes over 10%) so would strongly suggest avoiding.
Make sure you know how to use your wallet BEFORE you make any large purchases. Try some small tests, try restoring your wallet, and make HANDWRITTEN copies of your seed words (and PROTECT them!!!).
Move your BTC off your exchange AS SOON AS POSSIBLE. Consider and BTC not in your wallet as being at high risk of being lost. An exchange is NOT like a bank!!
It may seem a little daunting but once your make a few transactions it is pretty straight forward and you will be ahead of 99% of people!!
Shoot me a DM if you have any questions. Long live the queen!! 🇨🇦
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: TrueNorth49th
submitted by removalbot to removalbot [link] [comments]

Craig Wright's Fraudulent Tulip Trust List is now public. Early miners can now check and see if Craig is claiming access to any of their Bitcoin while he promotes to Calvin Ayre an asinine plan to somehow have the court order those Bitcoin be transferred without a private key.

submitted by Zectro to Bitcoin [link] [comments]

Craig Wright's Fraudulent Tulip Trust List is now public. Early miners can now check and see if Craig is claiming access to any of their Bitcoin while he promotes to Calvin Ayre an asinine plan to somehow have the court order those Bitcoin be transferred without a private key.

submitted by Zectro to CryptoCurrency [link] [comments]

Transfer failed - cannot add funds to CashApp from debit or checking. Cust. Svc. tells me I can only add $ by “accepting payment” - can I pay myself? (noob trying to buy BitCoin!)

EDIT: Solved. Just adding this edit up front to help anyone out in the future who is searching for a solution to this same issue.
Once I was told there was an AI monitoring activity and making decisions, I knew what I was up against and what to do. All it took was waiting 48 hours and re-attempting and I was able to fund my account instantly and purchase bc immediately afterward. And I did it again this morning. So things are working perfectly now.
I figured that my opening the account and then immediately taking a wrong action is what alerted the AI to flag me and freeze the account. Being a total noob, I thought I could set everything up and then just make the purchase of bc. I didn't realize that it was a two step process and I had to first manually fund my account from my bank and then make the purchase. I thought since I had a debit and checking linked I could just do it in one step. I tried this several times before realizing I had to first fund. So when the AI saw a new account taking actions that produced one error message after the other, it put a hold on it and, as I anticipated, that hold was lifted after a period of time.
And here's the original post......
SSIA. Wanna buy BC with Cash App but can’t. iPhone.
DL’d the app, linked my debit, tried to add funds, transfer failed. Emailed CS - no help.
Linked my checking acct. same probs. CS won’t explain the prob - only tells me I can’t add using a debit at this time but I can add by accepting a payment. Can I just pay myself somehow?
Searched this forum and reddit and found a similar post from a year ago but the top answer has been deleted and OP said, “thought that might be it.” What is “IT?!?!”
I’m guessing the prob might be I bank with a local credit union and not one of the big banks like Chase, etc. Sonething else? What am I doing wrong?
Thanks, Reddit!
EDIT: In case anyone else has this same issue down the road, here's an update.
Here's Cash App's first reply to my inquiry:
To keep your Cash App account secure, we may cancel transactions if we notice anything out of the ordinary. At this time you will not be able to use your debit card to add cash or purchase stock or bitcoin. However, you’re welcome to use any funds available in your balance from payments you’ve received to your Cash App. Trust me, if there were anything we could do to help you this today I would not hesitate. I hope this information was helpful. Here's the second email I sent them trying to get them to understand:
Here's my reply, trying to get them to understand:
I have a linked debit card that's been approved/verified by Cash App but I can’t add funds to my account. I added my checking account info also with no errors and I still can’t add funds to my account. I want to purchase BitCoin but can’t. Please help.
Here's their reply to that. The emphasis added is theirs:
As stated previously, our security process reviews multiple data points in real-time to determine whether a payment can be completed. If anything appears out of the ordinary, we will cancel the payment for your protection. I apologize for any inconvenience this may have caused you. Moving forward, we recommend following these best practices: Only link a personal debit or credit card in your name • Make sure to send or receive payments from people you know or reputable businesses. Again, I’m sorry for the inconvenience this has caused you. If you still need to complete this payment, I recommend doing so outside of Cash App.
Are they idiots? Am I the idiot? I've got a linked/verified card. There's nothing "out of the ordinary."
So to test this another way, I sent my gf a bill from Cash App for $100. She was not a customer. She set up an account, linked her debit card, and within 5 minutes, she had sent me $100 and I used it to buy $100 in Bitcoin. So right now I've got a $100 in Bitcoin, a $0 cash balance, but I still can't add funds directly to my account. What should I do next?
submitted by funknjam to CashApp [link] [comments]

Craig Wright's Fraudulent Tulip Trust List is now public. Early miners can now check and see if Craig is claiming access to any of their Bitcoin while he promotes to Calvin Ayre an asinine plan to somehow have the court order those Bitcoin be transferred without a private key.

submitted by scgco to GGCrypto [link] [comments]

Video of an user paying with Bitcoin Cash! In the same twitter account there’s more videos of users transferring BCH to each other and paying with in on the restaurant 🇻🇪 check them out! All of this happened during InstaBitcoin meetup in Maracaibo, Venezuela

Video of an user paying with Bitcoin Cash! In the same twitter account there’s more videos of users transferring BCH to each other and paying with in on the restaurant 🇻🇪 check them out! All of this happened during InstaBitcoin meetup in Maracaibo, Venezuela submitted by oscar_salas93 to btc [link] [comments]

Use lightning for low fee, instant transactions

There is blue wallet for iOS and android plus the super good phoenix wallet for android only so far.
Many services are already accepting lightning payments and most are catching up.
Especially helpful with fee spikes like right now.
Use it if you haven't already and you will be amazed.
submitted by Immediate-Host to Bitcoin [link] [comments]

Bitcoin To Checking Account Anonymous Transaction Transfer

Trade cryptocurrency sell and buy bitcoin to checking account in united states, transfer your digital assets into personal ACH swift anonymous transaction
submitted by Miserable_School to u/Miserable_School [link] [comments]

Jaxx bitcoin wallet charged me my entire 300 dollar transfer in fees!! Check the link!

Jaxx bitcoin wallet charged me my entire 300 dollar transfer in fees!! Check the link! submitted by cliffordgoodman06 to bitcoin_uncensored [link] [comments]

Jaxx bitcoin wallet charged me my entire 300 dollar transfer in fees!! Check the link!

Jaxx bitcoin wallet charged me my entire 300 dollar transfer in fees!! Check the link! submitted by cliffordgoodman06 to BitcoinABC [link] [comments]

Total newbie needs help

All I want to do is buy some Bitcoin so I can pay for something. Is there a step by step guide even an idiot like me can follow? I have no intention of investing. Just paying for purchase. What's the least painful way to do this? Thanks a lot
submitted by ndtaughthem to BitcoinCA [link] [comments]

Official 5Dimes US Customer Cashout Thread

With the 5Dimes closure, let's keep a centralized thread for our cashout issues/FAQs. With the heavy delays thus far and 3rd party payout deadline looming, it'll be good for our collective sanity to report news/statuses as things go. Reminder of the dates :
September 21st : Cutoff for US wagers. I would advise foregoing continued activity on the site now and submitting a cashout request as wait times are already quite long (7+ days).
September 25th : All open wagers refunded. Deadline to submit cashouts is 12AM on this day but I would advise submitting them asap.
All balances not submitted for cashout by the 25th will be sent to a 3rd party claims administrator for payment. This will likely be an annoying and timely process as it was with NettelleFull Tilt Poker so you'll want to avoid this.
Edit : Yes, people have been receiving payouts. Last week people were saying 96-130 hours to receive the confirmation email and within 24 hours after that they received their bitcoin. Reports from this weekend indicate wait times of 7 days, so it appears they're working through a backlog.
Just an internet disclaimer, only 5dimes support/normal channels can process a cashout. If anyone messages you here telling you they can speed things up it's likely a scam. Don't give out personal info or passwords.
submitted by blurryturtle to sportsbook [link] [comments]

Bovada has lost my Bitcoin deposit and refuses to look into it.

Made a deposit last night for about ~$1k USD. I haven't had any issues depositing on Bovada before, but this time around they seem to have never "received" my funds when I have a transaction ID. Anyone have any help on this?
submitted by dsmoove to sportsbook [link] [comments]

A Detailed Summary of Every Single Reason Why I am Bullish on Ethereum

The following will be a list of the many reasons why I hold and am extremely bullish on ETH.

This is an extremely long post. If you just want the hopium without the detail, read the TL;DR at the bottom.

ETH 2.0

As we all know, ETH 2.0 phase 0 is right around the corner. This will lock up ETH and stakers will earn interest on their ETH in return for securing the network. Next comes phase 1 where the ETH 2 shards are introduced, shards are essentially parallel blockchains which are each responsible for a different part of Ethereum’s workload, think of it like a multi-core processor vs a single core processor. During phase 1, these shards will only act as data availability layers and won’t actually process transactions yet. However, their data can be utilised by the L2 scaling solution, rollups, increasing Ethereum’s throughput in transactions per second up to 100,000 TPS.
After phase 1 comes phase 1.5 which will move the ETH 1.0 chain into an ETH 2 shard and Ethereum will be fully secured by proof of stake. This means that ETH issuance will drop from around 5% per year to less than 1% and with EIP-1559, ETH might become a deflationary asset, but more on that later.
Finally, with ETH 2.0 phase two, each shard will be fully functional chains. With 64 of them, we can expect the base layer of Ethereum to scale around 64x, not including the massive scaling which comes from layer 2 scaling solutions like rollups as previously mentioned.
While the scaling benefits and ETH issuance reduction which comes with ETH 2.0 will be massive, they aren’t the only benefits. We also get benefits such as increased security from PoS compared to PoW, a huge energy efficiency improvement due to the removal of PoW and also the addition of eWASM which will allow contracts to be programmed in a wide range of programming languages, opening the floodgates for millions of web devs who want to be involved in Ethereum but don’t know Ethereum’s programming language, Solidity.

EIP-1559 and ETH scarcity

As I covered in a previous post of mine, ETH doesn’t have a supply cap like Bitcoin. Instead, it has a monetary policy of “minimum viable issuance”, not only is this is a good thing for network security, but with the addition of EIP-1559, it leaves the door open to the possibility of ETH issuance going negative. In short, EIP-1559 changes the fee market to make transaction prices more efficient (helping to alleviate high gas fees!) by burning a variable base fee which changes based on network usage demand rather than using a highest bidder market where miners simply include who pays them the most. This will result in most of the ETH being paid in transaction fees being burned. As of late, the amount which would be burned if EIP-1559 was in Ethereum right now would make ETH a deflationary asset!

Layer 2 Scaling

In the mean time while we are waiting for ETH 2.0, layer 2 scaling is here. Right now, projects such as Deversifi or Loopring utilise rollups to scale to thousands of tx/s on their decentralised exchange platforms or HoneySwap which uses xDai to offer a more scalable alternative to UniSwap. Speaking of which, big DeFi players like UniSwap and Synthetix are actively looking into using optimistic rollups to scale while maintaining composability between DeFi platforms. The most bullish thing about L2 scaling is all of the variety of options. Here’s a non exhaustive list of Ethereum L2 scaling solutions: - Aztec protocol (L2 scaling + privacy!) - ZKSync - Loopring - Raiden - Arbitrum Rollups - xDai - OMGNetwork - Matic - FuelLabs - Starkware - Optimism - Celer Network - + Many more

DeFi and Composability

If you’re reading this, I am sure you are aware of the phenomena which is Decentralised Finance (DeFi or more accurately, open finance). Ethereum is the first platform to offer permissionless and immutable financial services which when interacting with each other, lead to unprecedented composability and innovation in financial applications. A whole new world of possibilities are opening up thanks to this composability as it allows anyone to take existing pieces of open source code from other DeFi projects, put them together like lego pieces (hence the term money legos) and create something the world has never seen before. None of this was possible before Ethereum because typically financial services are heavily regulated and FinTech is usually proprietary software, so you don’t have any open source lego bricks to build off and you have to build everything you need from scratch. That is if what you want to do is even legal for a centralised institution!
Oh, and if you think that DeFi was just a fad and the bubble has popped, guess again! Total value locked in DeFi is currently at an all time high. Don’t believe me? Find out for yourself on the DeFi Pulse website.

NFTs and tokeniation

NFTs or “Non-Fungible Tokens” - despite the name which may confuse a layman - are a basic concept. They are unique tokens with their own unique attributes. This allows you to create digital art, human readable names for your ETH address (see ENS names and unstoppable domains), breedable virtual collectible creatures like crypto kitties, ownable in game assets like Gods Unchained cards or best of all in my opinion, tokenised ownership of real world assets which can even be split into pieces (this doesn’t necessarily require an NFT. Fungible tokens can be/are used for some of the following use cases). This could be tokenised ownership of real estate (see RealT), tokenised ownership of stocks, bonds and other financial assets (which by the way makes them tradable 24/7 and divisible unlike through the traditional system) or even tokenised ownership of the future income of a celebrity or athlete (see when NBA player Spencer Dinwiddie tokenized his own NBA contract.)

Institutional Adoption

Ethereum is by far the most widely adopted blockchain by enterprises. Ethereum’s Enterprise Ethereum Alliance (EEA) is the largest blockchain-enterprise partnership program and Ethereum is by far the most frequently leveraged blockchain for proof of concepts and innovation in the blockchain space by enterprises. Meanwhile, there are protocols like the Baseline protocol which is a shared framework which allows enterprises to use Ethereum as a common frame of reference and a base settlement layer without having to give up privacy when settling on the public Ethereum mainnet. This framework makes adopting Ethereum much easier for other enterprises.

Institutional Investment

One of Bitcoin’s biggest things it has going for it right now is the growing institutional investment. In case you were wondering, Ethereum has this too! Grayscale offers investment in the cryptocurrency space for financial institutions and their Ethereum fund has already locked up more than 2% of the total supply of ETH. Not only this, but as businesses transact on Ethereum and better understand it, not only will they buy up ETH to pay for their transactions, but they will also realise that much like Bitcoin, Ethereum is a scarce asset. Better yet, a scarce asset which offers yield. As a result, I expect to see companies having ETH holdings become the norm just like how Bitcoin is becoming more widespread on companies’ balance sheets.

The state of global markets

With asset prices in almost every asset class at or near all-time highs and interest rates lower than ever and even negative in some cases, there really aren’t many good opportunities in the traditional financial system right now. Enter crypto - clearly the next evolution of financial services (as I explained in the section on DeFi earlier in this post), with scarce assets built in at the protocol layer, buying BTC or ETH is a lot like buying shares in TCP/IP in 1990 (that is if the underlying protocols of the internet could be invested in which they couldn’t). Best of all, major cryptos are down from their all-time highs anywhere between 35% for BTC or 70% for ETH and much more for many altcoins. This means that they can significantly appreciate in value before entering uncharted, speculative bubble territory.
While of course we could fall dramatically at any moment in the current macro financial conditions, as a longer term play, crypto is very alluring. The existing financial system has shown that it is in dire need of replacing and the potential replacement has started rearing its head in the form of crypto and DeFi.

Improvements in user onboarding and abstracting away complexity

Ethereum has started making huge leaps forward in terms of usability for the end user. We now have ENS names and unstoppable domains which allow you to send ETH to yournamehere.ETH or TrickyTroll.crypto (I don’t actually have that domain, that’s just an example). No longer do you have to check every character of your ugly hexadecimal 0x43AB96D… ETH address to ensure you’re sending your ETH to the right person. We also have smart contract wallets like Argent wallet or the Gnosis safe. These allow for users to access their wallets and interact with DeFi self-custodially from an app on their phone without having to record a private key or recovery phrase. Instead, they offer social recovery and their UI is straight forward enough for anyone who uses a smart phone to understand. Finally, for the more experienced users, DApps like Uniswap have pretty, super easy to use graphical user interfaces and can be used by anyone who knows how to run and use a browser extension like Metamask.

The lack of an obvious #1 ETH killer

One of Ethereum’s biggest threats is for it to be overthrown by a so-called “Ethereum killer” blockchain which claims to do everything Ethereum can do and sometimes more. While there are competitors which are each formidable to a certain extent such as Polkadot, Cardano and EOS, each have their own weaknesses. For example, Polkadot and Cardano are not fully operational yet and EOS is much more centralised than Ethereum. As a result, none of these competitors have any significant network effects just yet relative to the behemoth which is Ethereum. This doesn’t mean that these projects aren’t a threat. In fact, I am sure that projects like Polkadot (which is more focused on complimenting Ethereum than killing it) will take a slice out of Ethereum’s pie. However, I am still very confident that Ethereum will remain on top due to the lack of a clear number 2 smart contract platform. Since none of these ETH killers stands out as the second place smart contract platform, it makes it much harder for one project to create a network effect which even begins to threaten Ethereum’s dominance. This leads me onto my next reason - network effects.

Network effects

This is another topic which I made a previous post on. The network effect is why Bitcoin is still the number one cryptocurrency and by such a long way. Bitcoin is not the most technologically advanced cryptocurrency. However, it has the most widespread name recognition and the most adoption in most metrics (ETH beats in in some metrics these days). The network effect is also why most people use Zoom and Facebook messengeWhatsApp despite the existence of free, private, end to end encrypted alternatives which have all the same features (Jitsi for the zoom alternative and Signal for the private messenger app. I highly recommend both. Let’s get their network effects going!). It is the same for Bitcoin. People don’t want to have to learn about or set up a wallet for alternative options. People like what is familiar and what other people use. Nobody wants to be “that guy” who makes you download yet another app and account you have to remember the password/private key for. In the same way, Enterprises don’t want to have to create a bridge between their existing systems and a dozen different blockchains. Developers don’t want to have to create DeFi money legos from scratch on a new chain if they can just plug in to existing services like Uniswap. Likewise, users don’t want to have to download another browser extension to use DApps on another chain if they already use Ethereum. I know personally I have refrained from investing in altcoins because I would have to install another app on my hardware wallet or remember another recovery phrase.
Overthrowing Ethereum’s network effect is one hell of a big task these days. Time is running out for the ETH killers.

Ethereum is the most decentralised and provably neutral smart contract platform

Ethereum is also arguably the most decentralised and provably neutral smart contract platform (except for maybe Ethereum Classic on the neutrality part). Unlike some smart contract platforms, you can’t round up everyone at the Ethereum Foundation or any select group of people and expect to be able to stop the network. Not only this, but the Ethereum foundation doesn’t have the ability to print more ETH or push through changes as they wish like some people would lead you on to believe. The community would reject detrimental EIPs and hard fork. Ever since the DAO hack, the Ethereum community has made it clear that it will not accept EIPs which attempt to roll back the chain even to recover hacked funds (see EIP-999).
Even if governments around the world wanted to censor the Ethereum blockchain, under ETH 2.0’s proof of stake, it would be incredibly costly and would require a double digit percentage of the total ETH supply, much of which would be slashed (meaning they would lose it) as punishment for running dishonest validator nodes. This means that unlike with proof of work where a 51% attacker can keep attacking the network, under proof of stake, an attacker can only perform the attack a couple of times before they lose all of their ETH. This makes attacks much less financially viable than it is on proof of work chains. Network security is much more than what I laid out above and I am far from an expert but the improved resistance to 51% attacks which PoS provides is significant.
Finally, with the US dollar looking like it will lose its reserve currency status and the existing wire transfer system being outdated, superpowers like China won’t want to use US systems and the US won’t want to use a Chinese system. Enter Ethereum, the provably neutral settlement layer where the USA and China don’t have to trust each other or each other’s banks because they can trust Ethereum. While it may sound like a long shot, it does make sense if Ethereum hits a multi-trillion dollar market cap that it is the most secure and neutral way to transfer value between these adversaries. Not to mention if much of the world’s commerce were to be settled in the same place - on Ethereum - then it would make sense for governments to settle on the same platform.

ETH distribution is decentralised

Thanks to over 5 years of proof of work - a system where miners have to sell newly minted ETH to pay for electricity costs - newly mined ETH has found its way into the hands of everyday people who buy ETH off miners selling on exchnages. As pointed out by u/AdamSC1 in his analysis of the top 10K ETH addresses (I highly recommend reading this if you haven’t already), the distribution of ETH is actually slightly more decentralised than Bitcoin with the top 10,000 ETH wallets holding 56.70% of ETH supply compared to the top 10,000 Bitcoin wallets which hold 57.44% of the Bitcoin supply. This decentralised distribution means that the introduction of staking won’t centralise ETH in the hands of a few wallets who could then control the network. This is an advantage for ETH which many proof of stake ETH killers will never have as they never used PoW to distribute funds widely throughout the community and these ETH killers often did funding rounds giving large numbers of tokens to VC investors.

The community

Finally, while I may be biased, I think that Ethereum has the friendliest community. Anecdotally, I find that the Ethereum developer community is full of forward thinking people who want to make the world a better place and build a better future, many of whom are altruistic and don’t always act in their best interests. Compare this to the much more conservative, “at least we’re safe while the world burns” attitude which many Bitcoiners have. I don’t want to generalise too much here as the Bitcoin community is great too and there are some wonderful people there. But the difference is clear if you compare the daily discussion of Bitcoin to the incredibly helpful and welcoming daily discussion of EthFinance who will happily answer your noob questions without calling you an idiot and telling you to do you own research (there are plenty more examples in any of the daily threads). Or the very helpful folks over at EthStaker who will go out of their way to help you set up an ETH 2.0 staking node on the testnets (Shoutout to u/superphiz who does a lot of work over in that sub!). Don’t believe me? Head over to those subs and see for yourself.
Please don’t hate on me if you disagree about which project has the best community, it is just my very biased personal opinion and I respect your opinion if you disagree! :)

TL;DR:

submitted by Tricky_Troll to CryptoCurrency [link] [comments]

I'm going out today to see if I can open up a real checking account and not prepaid. Coinbade doesn't accept a debit card transfer right? The funds have to go to a bank? What about selling or trading buying? I can do that with a a reg debit card right? What if the card isn't in my name i /r/Bitcoin

I'm going out today to see if I can open up a real checking account and not prepaid. Coinbade doesn't accept a debit card transfer right? The funds have to go to a bank? What about selling or trading buying? I can do that with a a reg debit card right? What if the card isn't in my name i /Bitcoin submitted by cryptoanalyticabot to cryptoall [link] [comments]

I'm going out today to see if I can open up a real checking account and not prepaid. Coinbade doesn't accept a debit card transfer right? The funds have to go to a bank? What about selling or trading buying? I can do that with a a reg debit card right? What if the card isn't in my name i /r/Bitcoin

I'm going out today to see if I can open up a real checking account and not prepaid. Coinbade doesn't accept a debit card transfer right? The funds have to go to a bank? What about selling or trading buying? I can do that with a a reg debit card right? What if the card isn't in my name i /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

A Detailed Summary of Every Single Reason Why I am Bullish on ETH.

The following will be a list of the many reasons why I hold and am extremely bullish on ETH.

This is an extremely long post. If you just want the hopium without the detail, read the TL;DR at the bottom.

ETH 2.0

As we all know, ETH 2.0 phase 0 is right around the corner. This will lock up ETH and stakers will earn interest on their ETH in return for securing the network. Next comes phase 1 where the ETH 2 shards are introduced, shards are essentially parallel blockchains which are each responsible for a different part of Ethereum’s workload, think of it like a multi-core processor vs a single core processor. During phase 1, these shards will only act as data availability layers and won’t actually process transactions yet. However, their data can be utilised by the L2 scaling solution, rollups, increasing Ethereum’s throughput in transactions per second up to 100,000 TPS.
After phase 1 comes phase 1.5 which will move the ETH 1.0 chain into an ETH 2 shard and Ethereum will be fully secured by proof of stake. This means that ETH issuance will drop from around 5% per year to less than 1% and with EIP-1559, ETH might become a deflationary asset, but more on that later.
Finally, with ETH 2.0 phase two, each shard will be fully functional chains. With 64 of them, we can expect the base layer of Ethereum to scale around 64x, not including the massive scaling which comes from layer 2 scaling solutions like rollups as previously mentioned.
While the scaling benefits and ETH issuance reduction which comes with ETH 2.0 will be massive, they aren’t the only benefits. We also get benefits such as increased security from PoS compared to PoW, a huge energy efficiency improvement due to the removal of PoW and also the addition of eWASM which will allow contracts to be programmed in a wide range of programming languages, opening the floodgates for millions of web devs who want to be involved in Ethereum but don’t know Ethereum’s programming language, Solidity.

EIP-1559 and ETH scarcity

As I covered in a previous post of mine, ETH doesn’t have a supply cap like Bitcoin. Instead, it has a monetary policy of “minimum viable issuance”, not only is this is a good thing for network security, but with the addition of EIP-1559, it leaves the door open to the possibility of ETH issuance going negative. In short, EIP-1559 changes the fee market to make transaction prices more efficient (helping to alleviate high gas fees!) by burning a variable base fee which changes based on network usage demand rather than using a highest bidder market where miners simply include who pays them the most. This will result in most of the ETH being paid in transaction fees being burned. As of late, the amount which would be burned if EIP-1559 was in Ethereum right now would make ETH a deflationary asset!

Layer 2 Scaling

In the mean time while we are waiting for ETH 2.0, layer 2 scaling is here. Right now, projects such as Deversifi or Loopring utilise rollups to scale to thousands of tx/s on their decentralised exchange platforms or HoneySwap which uses xDai to offer a more scalable alternative to UniSwap. Speaking of which, big DeFi players like UniSwap and Synthetix are actively looking into using optimistic rollups to scale while maintaining composability between DeFi platforms. The most bullish thing about L2 scaling is all of the variety of options. Here’s a non exhaustive list of Ethereum L2 scaling solutions: - Aztec protocol (L2 scaling + privacy!) - ZKSync - Loopring - Raiden - Arbitrum Rollups - xDai - OMGNetwork - Matic - FuelLabs - Starkware - Optimism - Celer Network - + Many more

DeFi and Composability

If you’re reading this, I am sure you are aware of the phenomena which is Decentralised Finance (DeFi or more accurately, open finance). Ethereum is the first platform to offer permissionless and immutable financial services which when interacting with each other, lead to unprecedented composability and innovation in financial applications. A whole new world of possibilities are opening up thanks to this composability as it allows anyone to take existing pieces of open source code from other DeFi projects, put them together like lego pieces (hence the term money legos) and create something the world has never seen before. None of this was possible before Ethereum because typically financial services are heavily regulated and FinTech is usually proprietary software, so you don’t have any open source lego bricks to build off and you have to build everything you need from scratch. That is if what you want to do is even legal for a centralised institution!
Oh, and if you think that DeFi was just a fad and the bubble has popped, guess again! Total value locked in DeFi is currently at an all time high. Don’t believe me? Find out for yourself at: https://defipulse.com

NFTs and tokeniation

NFTs or “Non-Fungible Tokens” - despite the name which may confuse a layman - are a basic concept. They are unique tokens with their own unique attributes. This allows you to create digital art, human readable names for your ETH address (see ENS names and unstoppable domains), breedable virtual collectible creatures like crypto kitties, ownable in game assets like Gods Unchained cards or best of all in my opinion, tokenised ownership of real world assets which can even be split into pieces (this doesn’t necessarily require an NFT. Fungible tokens can be/are used for some of the following use cases). This could be tokenised ownership of real estate (see RealT), tokenised ownership of stocks, bonds and other financial assets (which by the way makes them tradable 24/7 and divisible unlike through the traditional system) or even tokenised ownership of the future income of a celebrity or athlete (see when NBA Star Spencer Dinwiddie Tokenized His Own NBA Contract.

Institutional Adoption

Ethereum is by far the most widely adopted blockchain by enterprises. Ethereum’s Enterprise Ethereum Alliance (EEA) is the largest blockchain-enterprise partnership program and Ethereum is by far the most frequently leveraged blockchain for proof of concepts and innovation in the blockchain space by enterprises. Meanwhile, there are protocols like the Baseline protocol which is a shared framework which allows enterprises to use Ethereum as a common frame of reference and a base settlement layer without having to give up privacy when settling on the public Ethereum mainnet. This framework makes adopting Ethereum much easier for other enterprises.

Institutional Investment

One of Bitcoin’s biggest things it has going for it right now is the growing institutional investment. In case you were wondering, Ethereum has this too! Grayscale offers investment in the cryptocurrency space for financial institutions and their Ethereum fund has already locked up more than 2% of the total supply of ETH. Not only this, but as businesses transact on Ethereum and better understand it, not only will they buy up ETH to pay for their transactions, but they will also realise that much like Bitcoin, Ethereum is a scarce asset. Better yet, a scarce asset which offers yield. As a result, I expect to see companies having ETH holdings become the norm just like how Bitcoin is becoming more widespread on companies’ balance sheets.

The state of global markets

With asset prices in almost every asset class at or near all-time highs and interest rates lower than ever and even negative in some cases, there really aren’t many good opportunities in the traditional financial system right now. Enter crypto - clearly the next evolution of financial services (as I explained in the section on DeFi earlier in this post), with scarce assets built in at the protocol layer, buying BTC or ETH is a lot like buying shares in TCP/IP in 1990 (that is if the underlying protocols of the internet could be invested in which they couldn’t). Best of all, major cryptos are down from their all-time highs anywhere between 35% for BTC or 70% for ETH and much more for many altcoins. This means that they can significantly appreciate in value before entering uncharted, speculative bubble territory.
While of course we could fall dramatically at any moment in the current macro financial conditions, as a longer term play, crypto is very alluring. The existing financial system has shown that it is in dire need of replacing and the potential replacement has started rearing its head in the form of crypto and DeFi.

Improvements in user onboarding and abstracting away complexity

Ethereum has started making huge leaps forward in terms of usability for the end user. We now have ENS names and unstoppable domains which allow you to send ETH to yournamehere.ETH or TrickyTroll.crypto (I don’t actually have that domain, that’s just an example). No longer do you have to check every character of your ugly hexadecimal 0x43AB96D… ETH address to ensure you’re sending your ETH to the right person. We also have smart contract wallets like Argent wallet or the Gnosis safe. These allow for users to access their wallets and interact with DeFi self-custodially from an app on their phone without having to record a private key or recovery phrase. Instead, they offer social recovery and their UI is straight forward enough for anyone who uses a smart phone to understand. Finally, for the more experienced users, DApps like Uniswap have pretty, super easy to use graphical user interfaces and can be used by anyone who knows how to run and use a browser extension like Metamask.

The lack of an obvious #1 ETH killer

One of Ethereum’s biggest threats is for it to be overthrown by a so-called “Ethereum killer” blockchain which claims to do everything Ethereum can do and sometimes more. While there are competitors which are each formidable to a certain extent such as Polkadot, Cardano and EOS, each have their own weaknesses. For example, Polkadot and Cardano are not fully operational yet and EOS is much more centralised than Ethereum. As a result, none of these competitors have any significant network effects just yet relative to the behemoth which is Ethereum. This doesn’t mean that these projects aren’t a threat. In fact, I am sure that projects like Polkadot (which is more focused on complimenting Ethereum than killing it) will take a slice out of Ethereum’s pie. However, I am still very confident that Ethereum will remain on top due to the lack of a clear number 2 smart contract platform. Since none of these ETH killers stands out as the second place smart contract platform, it makes it much harder for one project to create a network effect which even begins to threaten Ethereum’s dominance. This leads me onto my next reason - network effects.

Network effects

This is another topic which I made a previous post on. The network effect is why Bitcoin is still the number one cryptocurrency and by such a long way. Bitcoin is not the most technologically advanced cryptocurrency. However, it has the most widespread name recognition and the most adoption in most metrics (ETH beats in in some metrics these days). The network effect is also why most people use Zoom and Facebook messengeWhatsApp despite the existence of free, private, end to end encrypted alternatives which have all the same features (https://meet.jit.si/ for zoom alternative and Signal for the private messenger app. I highly recommend both. Let’s get their network effects going!). It is the same for Bitcoin. People don’t want to have to learn about or set up a wallet for alternative options. People like what is familiar and what other people use. Nobody wants to be “that guy” who makes you download yet another app and account you have to remember the password/private key for. In the same way, Enterprises don’t want to have to create a bridge between their existing systems and a dozen different blockchains. Developers don’t want to have to create DeFi money legos from scratch on a new chain if they can just plug in to existing services like Uniswap. Likewise, users don’t want to have to download another browser extension to use DApps on another chain if they already use Ethereum. I know personally I have refrained from investing in altcoins because I would have to install another app on my hardware wallet or remember another recovery phrase.
Overthrowing Ethereum’s network effect is one hell of a big task these days. Time is running out for the ETH killers.

Ethereum is the most decentralised and provably neutral smart contract platform

Ethereum is also arguably the most decentralised and provably neutral smart contract platform (except for maybe Ethereum Classic on the neutrality part). Unlike some smart contract platforms, you can’t round up everyone at the Ethereum Foundation or any select group of people and expect to be able to stop the network. Not only this, but the Ethereum foundation doesn’t have the ability to print more ETH or push through changes as they wish like some people would lead you on to believe. The community would reject detrimental EIPs and hard fork. Ever since the DAO hack, the Ethereum community has made it clear that it will not accept EIPs which attempt to roll back the chain even to recover hacked funds (see EIP-999).
Even if governments around the world wanted to censor the Ethereum blockchain, under ETH 2.0’s proof of stake, it would be incredibly costly and would require a double digit percentage of the total ETH supply, much of which would be slashed (meaning they would lose it) as punishment for running dishonest validator nodes. This means that unlike with proof of work where a 51% attacker can keep attacking the network, under proof of stake, an attacker can only perform the attack a couple of times before they lose all of their ETH. This makes attacks much less financially viable than it is on proof of work chains. Network security is much more than what I laid out above and I am far from an expert but the improved resistance to 51% attacks which PoS provides is significant.
Finally, with the US dollar looking like it will lose its reserve currency status and the existing wire transfer system being outdated, superpowers like China won’t want to use US systems and the US won’t want to use a Chinese system. Enter Ethereum, the provably neutral settlement layer where the USA and China don’t have to trust each other or each other’s banks because they can trust Ethereum. While it may sound like a long shot, it does make sense if Ethereum hits a multi-trillion dollar market cap that it is the most secure and neutral way to transfer value between these adversaries. Not to mention if much of the world’s commerce were to be settled in the same place - on Ethereum - then it would make sense for governments to settle on the same platform.

ETH distribution is decentralised

Thanks to over 5 years of proof of work - a system where miners have to sell newly minted ETH to pay for electricity costs - newly mined ETH has found its way into the hands of everyday people who buy ETH off miners selling on exchnages. As pointed out by u/AdamSC1 in his analysis of the top 10K ETH addresses (I highly recommend reading this if you haven’t already), the distribution of ETH is actually slightly more decentralised than Bitcoin with the top 10,000 ETH wallets holding 56.70% of ETH supply compared to the top 10,000 Bitcoin wallets which hold 57.44% of the Bitcoin supply. This decentralised distribution means that the introduction of staking won’t centralise ETH in the hands of a few wallets who could then control the network. This is an advantage for ETH which many proof of stake ETH killers will never have as they never used PoW to distribute funds widely throughout the community and these ETH killers often did funding rounds giving large numbers of tokens to VC investors.

The community

Finally, while I may be biased, I think that Ethereum has the friendliest community. Anecdotally, I find that the Ethereum developer community is full of forward thinking people who want to make the world a better place and build a better future, many of whom are altruistic and don’t always act in their best interests. Compare this to the much more conservative, “at least we’re safe while the world burns” attitude which many Bitcoiners have. I don’t want to generalise too much here as the Bitcoin community is great too and there are some wonderful people there. But the difference is clear if you compare the daily discussion of Bitcoin to the incredibly helpful and welcoming daily discussion of EthFinance who will happily answer your noob questions without calling you an idiot and telling you to do you own research (there are plenty more examples in any of the daily threads). Or the very helpful folks over at EthStaker who will go out of their way to help you set up an ETH 2.0 staking node on the testnets (Shoutout to u/superphiz who does a lot of work over in that sub!). Don’t believe me? Head over to those subs and see for yourself.
Please don’t hate on me if you disagree about which project has the best community, it is just my very biased personal opinion and I respect your opinion if you disagree! :)

TL;DR:

submitted by Tricky_Troll to ethtrader [link] [comments]

How I feel when my mother asks me to explain Bitcoin but makes me write her physical checks because she doesn’t understand electronic transfers of conventional fiat

How I feel when my mother asks me to explain Bitcoin but makes me write her physical checks because she doesn’t understand electronic transfers of conventional fiat submitted by BlackCardRogue to CryptoCurrency [link] [comments]

[USA-CA][H] Paypal, bitcoin, check, bank transfer, square cash, normal cash [W] Mousepad

Sorry for being gone, I miss you all dearly :(
Looking for something super large. My old pad was some fancy huge japanese thing and it's starting to come apart.
submitted by Cribbit to hardwareswap [link] [comments]

Please check/verify account with ticket #669108 (15 days without any communication). I have USD 100,000 I want to withdraw. Please make it a priority, just like how bitcoin make a larger transfer a priority.

I opened a ticket for verification problems from a Legacy account to a Verified account. I have tried the auto-verification 4 times. No approval, so I opened a ticket. I have attached all the verification documents in the ticket. Still waiting for help after 15 days, just like anybody else in the long and flexible time line.
Two of my cousins who do not have any balance in his account got verified for a USD 25000 withdrawal immediately. I asked them, "You must be kidding right?". And no they were serious, and I was slightly annoyed.
Please make my verification a priority, just like how bitcoin make a larger transfer a priority. The larger the balance, the higher the priority.
submitted by moortingale to poloniex [link] [comments]

Help recovering from old wallet.dat for an old friend.


Hey all,
I've been in the Bitcoin space since early 2012.
I have a situation that I would love to get some assistance with, I will explain the situation momentarily. Please do not message me and ask me for the wallet.dat file it's not going to happen.
TL;DR
I have an old wallet.dat file from late 2012 or early 2013 from a coin I sold to a friend. Tried to recover the coins in 2018 and failed, later found out that someone had access to the computer and could have easily stole them. Would the current Bitcoin Core be able to read an old wallet.dat file, and is there any way to easily view the balance of a 2012 wallet.dat file without having to load the entire blockchain?
In the early days of Bitcoin as many of you OG's know, the only option to securely store your coins was to use the default Bitcoin wallet in a wallet.dat file. A friend of mine was really wanted to invest in Bitcoin but didn't know how, so I sold one to him because I didn't want him to get screwed. I installed Bitcoin QT on their home laptop, had him write down the password on a piece of paper and had him put a backup of the wallet.dat file onto a USB.
Fast forward to when the price went to $20k plus, he calls me up super excited and said he wanted to sell his coin because he could use the money and I encouraged it because from my prior experience I knew the momentum was unsustainable and I had sold a few coins of my own.
Anyway, I go over to his house and we huddle around his computer. He tells me that he upgraded the hard drive in his computer and gave me his old one and I went back to my house to get an external hard drive reader. I came back, booted up his old drive and remembered that we would have to let it sync up in order to get the coins out, and on his internet that wasn't going to happen anytime soon. He gave me the hard drive and I went home and left on Bitcoin QT overnight and in the morning I was shocked to see that there were no transactions on the wallet. Quick note, he had the wallet password in a file on his documents titled "Bitcoin Wallet Password.txt". smh.
I started to panic, and I realized how bad this looked on me. I called him and told him that there were no coins on there and asked if he had his USB stick and he told me he had lost it years ago. I frantically looked through all of my old wallet files to find any transaction that could link to his address, to show that his coins were still in there. After a while I realized I had sent the coins from the now defunct btc-e.com, and had no way to check up on the coins.
I did everything in my ability to try to recover lost data from the hard drive to no avail. I asked him if anyone else has had access to his computer, and then asked him how he replaced his hard drive because I know him well enough to know he wouldn't pull apart a laptop to replace the hard drive. He told me he took it to a shop to have it replaced a few months earlier. I suspect that I'm either trying to view the wallet incorrectly or whoever replaced his hard drive snooped on his hard drive, stole the coins and replaced the wallet.dat file and generated a new one. I have to admit, I was relieved a little bit to have an explanation to coins not being there but I could imagine he thinks I may have had something to do with it. I made a few more attempts over the years whenever I was reminded of the situation to no avail.
We kind of fell out after that and haven't spoken in a while. Recently, I saw a post on his Facebook that his wife is pregnant they are having a baby, and that's why I'm here. I would love nothing more than to be able to message him and let him know that I have 11 grand waiting for him, because I'm certain the money would mean the world to him during such a stressful time.
Any help or insights would be incredibly helpful and appreciated.
submitted by Good-Exercise to Bitcoin [link] [comments]

How to Trace a Bitcoin Transaction using a Bitcoin ... Bitcoin Transfer in deep web or Telegram is real or scam ... How To Use A Bitcoin Hardware Wallet: Ledger Nano X - YouTube Transfer Bitcoin from one wallet to another - Beginners ... Transfer Bitcoin Unconfirmed Funds To Your Wallet ...

How to Check Bitcoin Confirmations Once you make a transaction, your wallet should give you an option to view the transaction on a block explorer or give you the transaction ID. blockstream.info is one of the most useful block explorers on the internet. The successful Bitcoin or altcoins transfer from one wallet to another is not possible if the sender gets an invalid address. In this case, mistakes are simply not allowed. If you give the wrong address, you won’t get the coins. However, that’s not it. Your coins may also be irretrievable if they make it to a different wallet. We suppose you don’t want something like this to happen. Bitcoin Address Check to see if it has been reported as a scam ; Report a bitcoin scammer like the bitcoin sextortion porn scam email, investment scam, or mining scam; Check a bitcoin wallet balance; Find a bitcoin address owner; Bitcoin Wallet Transaction Alerts notify you by email when a bitcoin address has activity on the blockchain ; View, monitor and search bitcoin ownership and wallet ... Check Bitcoin addresses, lookup transactions & monitor wallet balances with our block explorer & BTC address finder. No signup required, free to use! Lookup your bitcoin address / wallet Bitcoin Invoice + Search Search tips: Multiple addresses can be searched at once by seperating with whitespace; Xpub can be searched to get complete wallet balance ; To create invoice search your receiving ... Our bitcoin wallet address checker allows you to quickly see the amount held for any bitcoin address and its recent transactions. Simply enter the address you would like to check, we then look up an updated version of the blockchain. In this check we find out the amount held in the wallet, the time of the most recent transaction, the ...

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How to Trace a Bitcoin Transaction using a Bitcoin ...

Hello guys Today In this video we will talk about bitcoin transfer in deepweb or telegram is legit or scam. please watch full video our telegram channel : @T... If you want to someone to send you money to your Bitcoin account, Give them this address. you may donate to our network via Bitcoin as well :) Bitcoin addres... In this video, I will show how you can easily earn Bitcoin. It's no doubt that the internet is doing amazing things for people, it's getting easier by the da... Not on Coinbase Yet? Join Here: https://www.coinbase.com/join/5a0579e45698da00e3e10b86 A quick tutorial that shows you how to find a bitcoin transaction ID (... In this video, I show you how to sell your bitcoin or other cryptocurrencies from your Blockchain account and how to withdraw your funds into your bank. If y...

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