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Videos uploaded by user “Crypto Tips”
How to Store Your Bitcoin, Ethereum, Dash, etc...
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview Donation Addresses: Bitcoin (BTC): 16gwMprXw5ss8Nk23CU8Jc6XtVf7KYF621 Ethereum (ETH): 0xac5223209791820b4c37f6f6b4b5d249d25d55ac Dash: XuvS5TzRSRGbNZM2va9KXYxF6QBqQ4tVQp LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW Trezor wallet: https://trezor.io/ Ledger wallet: https://ledgerwallet.com/r/67ef KeepKey wallet: https://www.keepkey.com/ List of all BTC wallets https://bitcoin.org/en/choose-your-wallet Learn how to use a paper wallet: http://www.coindesk.com/information/paper-wallet-tutorial/ More on Crypto Official Wallets: https://minergate.com/blog/crypto-wallets-essentials/ If you plan on trading coins regularly, it makes more sense for you to store the coins you want to trade frequently on the online exchange that supports that coin. Exchanges are the easiest way to store your cryptos, but it is by far the least secure. In order to help counteract this vulnerability, the very least you can do is use a very secure password along with two factor authentification. I suggest using a password generator that includes upper and lowercase letters and numbers that is 16 characters long. You can download the free Google authenticator app and link this to any exchange you use. If you are looking to store your crypto for the long term, and you don’t have an interest in trading or transferring them, then I’d suggest looking into what is called “cold storage” wallets. These come in the form of paper wallets and hardware wallets. Cold storage refers to the fact that your coins will be taken offline. These cold storage wallets will give you peace of mind knowing that there is no way for a hacker to access your coins- that is until you decide to bring them back online to either sell or to transfer to a different location. Cold storage is very secure, however they are not the most convenient. Paper wallets can be produced using bit address.org for bitcoin, or you can use walletgenerator.net for other crypto coins. Or you can purchase hardware wallets which are relatively easy to setup and are more convenient for making transactions with your coins than a paper wallet. I’ll include links in the description of this video so you can explore hardware wallets like the tremor, ledger nano S, and the keepKey. Here is a link to a couple of my past videos that spotlight these hardware wallets. There are a couple of things you need to remember when setting up and using a cold storage option. If you are using a paper wallet, upon setup, remember to disable your wifi or internet connection when the address is being produced. Also, never keep any coins in a wallet that you have exposed the private key. If you want to withdraw any crypto out of your paper wallet, I highly suggest that you take everything out of the wallet and if you have any remaining coins you wish to keep in cold storage, make a new paper wallet for them. You can always download the official wallet of the coin onto your computer, for example, you can download the bitcoin core wallet, or the ethereum wallet, the ripple wallet, the dash wallet, the zcash wallet, and on and on, the list continues for all other crypto coins as well. These official wallets are all different with different pros and cons and capabilities. These wallets are far more secure than holding your coins on an exchange, these wallets also make tranferring these coins easier than using cold storage. One major benefit for using official wallets, particularly the ethereum wallet, is the fact that many ICO’s utilize ethereum and in fact require you to invest ether by only using an official ethereum or mist wallet. You can and absolutely should backup these wallets by saving your .dat file on a USB drive in case your computer is lost or damaged. But, these wallets do take up space on your computer, and they might be confusing and are almost always time consuming to set up, however I highly reccomend using these wallets if you don’t want to worry about the lack of security on exchanges, or the hassle of transferring them in and out of cold storage.
Views: 112026 Crypto Tips
Learning Crypto: The Difference Between Cryptocurrencies and Tokens
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW Let’s take a look at the difference between tokens and coins. https://www.coinstaker.com/crypto-token/ http://fortune.com/2017/07/26/sec-icos/ A cryptocurrency, or coin is a unit of value that exists on its own blockchain, like Bitcoin, Ethereum, Dash, NEM and Steem. A token is a unit of value that is created on a blockchain that acts as a host for it, so tokens do not have their own blockchains. Additionally, “…tokens give the holder a right to participate in a given blockchain activity.” [Source](http://fortune.com/2017/07/26/sec-icos/) You may have heard the phrase ERC20 tokens, these are tokens that have been created using the ethereum blockchain. But Ethereum isn’t the only platform designed for this. https://www.ethereum.org/token https://wavesplatform.com/ https://bitshares.org/technology/user-issued-assets/ https://smt.steem.io/ Ethereum is definitely one of the most popular options for those looking to create tokens and hold ICOs but there are other platforms like Waves, Bitshares and soon to be Steem with their Smart Media Tokens. This allows people to utilize tokens to create a community and another way to monetize things they create, like content, goods and services. Now that you’re a bit more familiar with the difference between tokens and crypto coins, or currencies, It’s very important to know what the tokens were created for, especially if you are a U.S. citizen, and here’s why: http://fortune.com/2017/07/26/sec-icos/ https://www.sec.gov/litigation/investreport/34-81207.pdf https://www.coindesk.com/utility-coins-crypto-assets-token-terminology-one-big-gray-area/ Back in July the SEC, which is the US securities and exchange commission, ruled that the DAO token was considered a security. Bottom line here being that If you want to sell securities, you need to license them. https://medium.com/startup-grind/understanding-the-difference-between-coins-utility-tokens-and-tokenized-securities-a6522655fb91 This has created a bit of a panic in the ICO and token realm. Now we are seeing new labels like utility tokens and app tokens. These are attempts to differentiate between tokens that are considered securities and those that are designed for real use cases. Because this entire wave of cryptocurrencies and tokens is new and innovative, naturally it is having to navigate uncharted waters with these legalities. https://bitcoinmagazine.com/articles/sec-weighs-ico-tokens-securities-ether-still-labeled-currency/ No one wants to suffer the wrath of the US government due to unknowingly purchasing tokens that are considered securities. Everyone needs to understand that the unprecedented nature of this situation means that labels are pretty arbitrary at this point and the regulations will continue to evolve. So consider this my strong advisement to do your own research and educate yourself before taking part in ICOs or purchasing tokens that could be considered securities.
Views: 9424 Crypto Tips
Decentralized Exchanges: The Future for Trading Cryptos
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW https://www.cryptocompare.com/exchanges/guides/what-is-a-decentralized-exchange/ https://en.wikipedia.org/wiki/Mt._Gox http://fortune.com/2016/08/03/bitcoin-stolen-bitfinex-hack-hong-kong/ https://bitcoinmagazine.com/articles/uncertainty-dominates-china-continues-clamp-down-cryptocurrency/ https://bitshares.org/wallet/#/ https://coinmarketcap.com/exchanges/bitshares-asset-exchange/ https://openledger.io/create-account https://coinmarketcap.com/exchanges/openledger/ https://etherdelta.com/#MTH-ETH https://coinmarketcap.com/exchanges/etherdelta/ https://counterparty.io/feature/ https://coinmarketcap.com/exchanges/counterparty-dex/ Centralized exchanges are great for making quick trades. They are also a great place for hackers to target. In addition to providing a place to trade cryptos, centralized exchanges also provide a place for their users to store their cryptocurrencies. Even though it’s been said time and again that using exchanges to store any cryptocurrency that you are fond of is not a good idea, still lots of people do it. This results in the popular exchanges becoming a honey pot for hackers to target. This has resulted in many people losing lots of money. Not because of the currency itself, but because the exchange had weak points that were taken advantage of. Go ahead and google Mt. Gox and also more recently the Bitfinex hack. Centralized exchanges are also subjected to governmental regulations and also the decisions made by those who run it. We are seeing this play out in China right now as the centralized exchanges there are now shutting down due to government regulations. Enter decentralized exchanges. These are the exchanges that do not require a third party to store your funds, instead, you are always directly in control of your coins and you conduct transactions directly with whoever wants to buy or sell your coins. Decentralized exchanges also do not require you to give out your personal information. You can create an account and right away be able to start trading. However, one drawback for decentralized exchanges is the lack of liquidity compared to the more popular centralized exchanges. I think this will change over time as these centralized exchanges are forced into more strict regulations and as they pass these restraints on to their users, soon more people will seek out better options.Another great benefit of decentralized exchanges is their distributed nature, meaning their servers are spread out so that there is no risk of server downtime. Here are some of the more popular decentralized exchanges Bitshares asset exchange Bitshares has a way of always slipping under the radar, but this platform has the best daily volume that has been around $6 million as of late. This asset exchange is a place to trade with both asset-pegged and fiat-pegged tokens. Openledger is also on the bitshares blockchain and this is where you can trade a decent number of different cryptos. The daily volume on openledger is around $3million. Etherdelta https://coinmarketcap.com/exchanges/etherdelta/ has a healthy daily volume that bounces around the $4 million mark. This exchange is based on the ethereum blockchain and is where you can find many of the erc20 tokens that have not yet been added to more popular exchanges. It certainly lives up to the hype of not being user friendly. In fact I made a video that specifically goes over how to use this one for those who could use some guidance I suggest checking that one out. Counterparty is a decentralized exchange that uses the bitcoin blockchain and the counterparty protocol acts as a decentralized escrow service. The volume on counterparty leaves something to be desired I’m sure by it’s users with its daily volume hitting around $2,000.
Views: 12418 Crypto Tips
Cardano: Pros and Cons
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828d Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW: Website: https://www.cardano.org/ Charles Hoskinson White Board Talk on ADA: https://www.youtube.com/watch?v=Ja9D0kpksxw How to Be Safe Online: https://help.cardano.org/english/getting-started/how-to-be-safe-online Deep Dive: https://www.coinbureau.com/education/cardano-ada/ Wallet: DAEDALUS: https://daedaluswallet.io/ OUROBOROS: https://cardanodocs.com/cardano/proof-of-stake/ Roadmap: https://cardanoroadmap.com/ Protocol: https://cardanofoundation.org/protocol/ Updates: https://cardanoupdates.com/roadmap Staking Reward Era: https://cardanodocs.com/timeline/reward/ Cardano Reddit: https://www.reddit.com/r/cardano/ Cardano Monetary Policy: https://cardanodocs.com/cardano/monetary-policy/ https://globalcoinreport.com/cardano--making-inroads-to-china/ CSL & CCL: https://moneymorning.com/2018/03/06/why-cardano-coin-ada-is-cryptocurrencys-sleeping-giant/ Cardano Faucet: https://freecardano.com/
Views: 17575 Crypto Tips
How to Import & Use Paper Wallets for Beginners
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW If you’re looking for an app that tracks the price of BTC & ETH check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview When you are generating your paper wallet it’s important to disconnect your computer from your wifi or internet connection. It’s the private address that you want to keep from exposing to potential hackers by keeping your computer offline while this is being displayed because it is the private key that allows you to withdraw the funds. Print out this page, make a copy just in case, or write it down, both the public and private keys or addresses and store somewhere very safe. Now when you are ready to move your bitcoin or you want to cash out, you can do this by creating a free account with blockchain.info. All you need is an email and password. Once you are signed up they will send you an email with your wallet ID, now this is very important because you’ll need this ID to log into this account. With your brand new account you’ll need to go to the settings menu and under the security options be sure to back up your account with the wallet recovery phrase. This will allow you to still gain access to your funds even if you forget your password. Once you’ve written down your recovery phrase store this in a safe place much like you would your private key for your paper wallet. How you import your paper wallet onto your blockchain.info account. Go to Settings and then select the addresses option. Here you can Import addresses. Now pay attention. In order to import your paper wallet you’ll need to type in the PRIVATE address of your paper wallet. It is for this reason that I highly suggest that you take out all coins from the paper wallet as the private key has essentially been compromised. Even if you want to continue storing some of your bitcoin on a paper wallet, just create a new paper wallet and store them there. Discontinue use of any paper wallet that has had it’s private key used anywhere on the internet. You can do so by getting your blockchain.info wallet address by selecting the “receive” option here, copy the address and then go to the “send” option and select the wallet you’d like to send coins from, and paste the address of the blockchain.info wallet. So you will have effectively imported your paper wallet and transferred all of your funds out of that paper wallet address and onto your blockchain.info wallet, the same wallet that is now backed up with your recovery phrase. Congratulations! Whenever you want to send coins from one wallet to another, this includes exchanges, since the coins you have on an exchange are in a wallet on that exchange… you’ll need to follow this general protocol. Three very important tips for anyone new to transferring their crypto: First, be sure the wallet you are sending your coins to is appropriate for the coins you are sending, you cannot send ethereum into a bitcoin address, or pivx to a Monero address, or steem to a steem backed dollar address. If you do this your coins will be lost. Second, be sure you input the correct address into the recipient field. I know most crypto addresses have a lot of upper and lower case letters and numbers and they can be daunting to look at at first, so I always double check the first few characters and the last few characters to be sure that I’m sending my coins to the right address. Third, if you need to transfer a large amount of coins and you’re nervous because it’s your first time transferring that particular coin or it’s your first time using that particular address, just send a small amount first. Once you see that it’s gone through then you can have some peace of mind that you can send the larger amount successfully.
Views: 72008 Crypto Tips
Love Crypto? You Should Move to These Countries
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828d Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW Bitcoin ATMs in the U.S. https://www.coindesk.com/bitcoin-atm-map/ ***Great Read on the Underground Crypto Movement in Chicago*** https://www.chicagoreader.com/chicago/tales-from-the-crypto-party/Content?oid=17455111 https://cryptoslate.com/top-10-most-crypto-friendly-countries/ https://icoguide.com/en/blog/5-most-crypto-friendly-countries-in-europe https://cryptobriefing.com/top-5-crypto-friendly-nations/ (Japan and More on Crypto Valley)
Views: 5369 Crypto Tips
How to Earn a Passive Income with Cryptocurrencies
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview Donation Addresses: Bitcoin (BTC): 16gwMprXw5ss8Nk23CU8Jc6XtVf7KYF621 Ethereum (ETH): 0xac5223209791820b4c37f6f6b4b5d249d25d55ac Dash: XuvS5TzRSRGbNZM2va9KXYxF6QBqQ4tVQp LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW Steemit: www.steemit.com LBRY: https://lbry.io/ SingularDTV: https://singulardtv.com/ Brave: https://brave.com/ SmartCash: https://smartcash.cc/ ARK: https://ark.io/ DecentBet: https://www.decent.bet/ NEO: https://neo.org/ Storj: https://storj.io/ Sia: https://sia.tech/ Masternode Website: https://masternodes.online/ So this has inspired me to create a video series that will highlight ways that you can earn a passive income with crypto. I’ll be covering these projects in more detail in future videos but here are some ideas to get your own creativity flowing in the meantime —— For content creators of all types, you’ve got blogging type platforms like Steemit, video and music oriented platforms like LBRY, and SingularDTV, there’s also Brave, which enables websites to receive funding from those who frequent their sites. And then there are the more passive type incomes you can earn by merely holding certain cryptos in the right type of wallet. These options include: Smartcash, SingularDTV, ARK, DecentBet, and NEO to name a few. With the decentralized internet comes the notion of decentralized storage. There are platforms that allow you to rent out your unused disk space for payments of their coins, you can do this with Storj and SIA. Lastly there are the prized masternodes, these are often times quite expensive to get since they require you to own large amounts of the certain crypto and you will need to lock these up if you want to get paid. But I’ve found a cool site that shows you how to find affordable masternodes. Again, I will be diving much deeper into each of these categories to give you a better idea of how these platforms work and what is needed for you to get paid. So in the meantime feel free to look into any of these options if they appeal to you.
Views: 45105 Crypto Tips
More Than Blockchains: Exploring Hashgraph & DAGs
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW Swirlds Website: http://www.swirlds.com/ Swirlds Whitepaper: http://www.swirlds.com/whitepapers/ Squawker Article on Hashgraph: https://squawker.org/technology/blockchain-just-became-obsolete-the-future-is-hashgraph/ Dags Defined: https://en.wikipedia.org/wiki/Directed_acyclic_graph Blockchain-free cryptocurrencies: http://cryptowiki.net/index.php?title=Blockchain-free_cryptocurrencies Medium Article on Scalable Cryptocurrencies: https://medium.com/holochain/beyond-blockchain-simple-scalable-cryptocurrencies-1eb7aebac6ae Byteball: http://cryptowiki.net/index.php?title=Blockchain-free_cryptocurrencies IOTA: http://www.tangleblog.com/2017/01/25/the-tech-behind-iota-explained/ DagCoin: https://bitcoinexchangeguide.com/dagcoin/ https://squawker.org/technology/blockchain-just-became-obsolete-the-future-is-hashgraph/ Swirlds is labeling its Hashgraph technology as a “radically different approach to distributed consensus.” Their also claiming that this new approach will be able to solve scaling and security issues. Their Hashgraph technology uses a protocol called “Gossip about Gossip”. Despite what you may think, “Gossip” is actually a well-known computer technology phrase that refers to how computers communicate with each other. The Hashgraph team describes it as “Calling any random node and telling that node everything you know, that it does not know. In distributed ledger technology the “baseline” or minimum bandwidth required is that the transactions go to every node. Gossip about Gossip refers to attaching a small additional amount of information to this Gossip, which contains the last person we talked to, hence, we are gossiping about the information we gossiped. Using this information, we can build the Hashgraph.” - https://squawker.org/technology/blockchain-just-became-obsolete-the-future-is-hashgraph/ This is the key for how Hashgraph would be able to know exactly when consensus would be reached. Another aspect of the blockchain that Hashgraph is aiming to improve is the relative wastefulness of “stale” blocks and also to radically reduce the computing power needed compared to things like proof of work and proof of stake. There is no doubt that Blockchain technology is a great step forward. But it’s very much worth it to note that it has room to improve. And despite the fact that I am finally beginning to feel confident in my own knowledge of how blockchain technology works, I’m finding myself eager to learn more about other ideas on how it can be improved upon. Swirlds’ Hashgraph isn’t the only platform that’s focusing on changing how a blockchain can be tweaked. Byteball and other cryptos using DAGs are more or less on the same page in regards to their ideas for providing alternative options. These are also called blockchain-free cryptocurrencies. The list of these types of cryptocurrencies includes Byteball, as I mentioned before, IOTA, and DagCoin. Basically, a blockchain-free cryptocurrency is any distributed database that uses different tools to achieve essentially the same objectives as a blockchain. These different tools used include what are called DAGs. This stands for Directed Acyclic Graphs. A quick Google search of this will show you an image of a DAG. If you’re like me and imagery tends to help you understand certain concepts, then take into account the context and imagery of a blockchain, and compare it to the imagery of a DAG. It might be a bit easier to wrap your head around how DAGs can be faster and more effecient in certain ways. Now I’m not ashamed to admit that I’m still working towards understanding this concept better so I welcome anyone who can supplement with additional information on ways to break this down to please leave a comment down below so we can all learn more about it.
Views: 13716 Crypto Tips
Ledger: What You May NOT Know
 
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Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann Bit.tube: RealCryptoTips Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828d LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW Ledger GitHub: https://github.com/LedgerHQ Setting up the Ledger Blue with Android device: https://www.reddit.com/r/ledgerwallet/comments/5u6zbk/ledger_blue_usage_with_bluetooth/ Ledger FIDO U2F (2 factor authentication) https://support.ledgerwallet.com/hc/en-us/articles/115005198545-FIDO-U2F The latest firmware for ledger products is version 1.4.2 If it’s been a hot minute since you’ve used your ledger hardware wallet there is now the Ledger Live app which acts as the manager of your device, allowing you to install and uninstall different wallets as well as monitoring your portfolio (for those of you brave enough to publish your holdings onto an app that is saved on your computer) It also connects you to different exchanges like Changelly, Coinhouse and Coinmama, so you can make trades as well. This makes managing all of the wallets connected to your hardware device much easier than having to use separate Google Apps for each coin. There are two relatively new apps you can check out, one is called HODL and the other is Recovery Check. HODL is an app that makes it easier to input your wallet addresses into forms to remove human error from the transfer process. Instead of manually typing in your address, or accidentally copying the wrong address and ultimately sending your precious coins to the wrong place to be lost forever, this app fills in your wallet address automatically. Recovery check allows you to double check pretty easily that you’ve written your recovery phrase correctly. So if your device is ever destroyed, lost or stolen or you’ve forgot your PIN, you can know for sure that you can still gain access to your cryptos. There’s another app for the Ledger Nano S and Ledger Blue wallets called FIDO U2F, which is an app that allows you to use your hardware wallet to generate 2 factor authentication codes for third party platforms like Gmail, Facebook and GitHub. Considering the fact that other 2 factor authenticators require the use of your cell phone (something that is easily hacked) this option is potentially more safe since the ledger is never connected to the internet. I found a pretty helpful reddit post that goes over some tricks to look out for when pairing your Ledger Blue wallet with an android device so if this is something you want to try, here’s a hint: the device pairing PIN is 123456. One very important thing to note regarding this FIDO U2F app is that each time you update your firmware on the ledger device, all apps need to be reinstalled, including the FIDO U2F app. You will need to reconfigure this for each platform you use this 2 factor authentication with before you’ll be able to log into them. So if you’re going to do the firmware update and you use this app for multiple platforms, it’s probably much easier to first disable this authentication service on each platform, perform the update, and then reinstate it for each of the platforms you use. Since the Ledger Blue has bluetooth capabilities, it’s not exactly a perfectly cold version of cold storage. I know I’m nitpicking here and I know it’s still better than using a cell phone that itself is very easy to hack, but these are the details that are worth paying attention to and train yourself to notice since you are now your own line of defense between this world of hackers and your cryptocurrency investments, responsibility starts now. If you’re looking for a hardware wallet to purchase, the Ledger is one of the better choices so if you’d like to help support this channel, I’d appreciate it if you use my affiliate link that is listed in the video description.
Views: 7091 Crypto Tips
Learning Crypto: Why Does Bitcoin Have Value?
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW Let’s compare Bitcoin to other mediums of exchange that are considered valuable, like fiat currencies and gold. Gold has been a staple of wealth for thousands of years. Due to its appearance, durability, and scarcity, gold has maintained a level of faith and understanding as a stable form of value for a very long time. Fiat currency first began as an extension of gold. It was a lightweight paper representation of an amount of gold that was accounted for and stored somewhere safe. In 1971 the U.S. president Nixon took the USD off of this Gold standard. So we are now left with the USD which is now backed by nothing more than confidence in the U.S. government. It’s also worth it to note that this also means there is potentially an unlimited supply of USD that can be printed. This can cause a flooding of the supply and weaken the strength of the dollar. Now let’s take a look at Bitcoin. Bitcoin was designed by an anonymous individual who goes by the pseudonym Satoshi Nakamoto. He designed Bitcoin in such a way that in order to unlock a new Bitcoin, one would need to have a computer that would run a specific program. Essentially, the computer running the program solves mathematical equations and sends its results to the Bitcoin Network. If the network is satisfied with the work that the computer accomplished, that computer is rewarded with a new Bitcoin. Every 4 years the difficulty level for these mathematical equations increases, in fact, it doubles. This requires more computational power, meaning more expensive computers and more energy needed to run them. This all means more money needed to invest in producing Bitcoins. One other aspect to Bitcoin is that there is a limited number of coins ever to be produced, that number is 21 million. This guarantees that hyperinflation will not occur and according to the law of diminishing returns, the price will continue to rise. In addition to how they are produced, Bitcoin has properties like fast transactions, you can send it across borders, and you are able to be in complete control of your wealth without the need for a third party to store it for you, like a bank, which often times practices fractional reserve banking. If you are not yet familiar with fractional reserve banking, I think it is well worth your time to look into it. So now that you have a better idea of where Bitcoin derives its value, in the future we will be looking at why other cryptocurrencies exist, how they are different, how to purchase your first cryptocurrency, how to store them safely, and general best practices when it comes to managing your cryptocurrency investments. More on gold: https://bebusinessed.com/history/the-history-of-gold/ More on fiat currency: https://en.wikipedia.org/wiki/Fiat_money What happens when all Bitcoins have been mined: http://www.investopedia.com/news/what-happens-bitcoin-after-all-21-million-are-mined/
Views: 15373 Crypto Tips
How to Find Affordable Masternodes
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview Donation Addresses: Bitcoin (BTC): 16gwMprXw5ss8Nk23CU8Jc6XtVf7KYF621 Ethereum (ETH): 0xac5223209791820b4c37f6f6b4b5d249d25d55ac Dash: XuvS5TzRSRGbNZM2va9KXYxF6QBqQ4tVQp LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW https://www.investitin.com/masternode/ https://coincentral.com/what-are-masternodes-an-introduction-and-guide/ https://masternodes.online/ https://masternodes.pro/ Dash Masternode Setup: http://dashmasternode.org/setup-your-own-masternode/ PIVX Masternode Setup: https://pivx.org/knowledge-base/masternode-setup-guide/ Resource for Many Masternode Setup Guides: https://masternodeguides.com/category/masternode-setup/ That’s right, it’s time for yet another installment in this video series covering ways to earn a passive income with crypto. Today it’s all about masternodes. If you need a refresher for what a masternode is I want to encourage you again to check out that link in the upper corner of this video. Now that we’re all on the same page let’s take a look at some of the better known coins that offer masternodes. Perhaps the best known is Dash, this one requires 1000 dash coins, at this point it’ll cost you about $1.1 million. Other relatively better known and slightly less expensive options include PIVX, CROWN, Iconomi and Transfer Coin. Not all masternodes are created the same, they differ in the percentage for the payouts and how often the payouts occur. Dash pays you once a week, Pivx pays you every day, and CROWN coin pays you multiple times a day for example. Here are some things you’ll need to consider before deciding if a masternode will work for you and which one to choose: * Cost of the coin * How many coins are required to hold * Cost to host the masternode * Frequency of the Payouts It’s important to note that although masternodes are a great way to earn a passive income with crypto, they do require some work. You’ll need to purchase the minimum amount of coins, download their official wallet and store them there. This is the point you will need to reference the maternode guide for that particular coin. Each masternode is unique and the same can be said for their setup. I’ll provide links down below for the more well known masternodes but for the lesser known and more affordable options I’m going to have to let you do some digging of your own to discover how to set up your masternode. You might not need to rely on your own constantly running server to have an active masternode, in fact, there are often times options to hire others to host your masternode. These prices do vary so be sure to calculate these costs when considering your Return on Investment. Here are two great websites to check out that show you some details about a whole bunch of masternode options.One shows you the cost in regards to purely just how many coins you’d need to purchase and hold in order to qualify for a masternode. These differ greatly, from millions of dollars to just above the $100 mark. This other site shows you the ROI or Return on Investment that each masternode will give you. Keep in mind that these numbers are current and are no guarantee that these returns will continue long term. Here’s what I think, take your time investigating these masternode options and apply the same critiques that I’ve demonstrated in my past video, a link to that is in the corner here. Keep in mind that masternodes are often big investments that have the potential for amazing returns. It’s worth your time and money to do your own research and decide which coin is worthy of your investment.
Views: 12367 Crypto Tips
What You Need to Know About OmiseGo (OMG)
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW OMG. In case you haven’t heard about this one yet, it’s called OmiseGo, and it’s managed to catch the attention of many people in the crypto space. On their website they have a very impressive list of advisors that include, Vitalik Buterin, Gavin Wood, Joseph Poon, the co-author of Lightning Network, along with the founder of Golem and Roger Ver. If you haven’t had the chance to read their white paper or do much research on this one yet, let me break it down for you. ———————— The Omise company launched in 2013 and has been providing payment services in countries like Singapore, Thailand, Indonesia. They are now tapping into blockchain technology and cryptocurrency. They’ve recently released an ERC20 token on the Ethereum Network and will be releasing an ewallet and payment platform called OmiseGo. OmiseGo will allow it’s user base to send money locally and across borders. They have already established a customer base with a large number of business owners in Asia, Many people in Thailand are already accustomed to using e-wallets. The catch is that the current system works on a closed network so they don’t have the ability to transact with different countries, or currencies. OmiseGo will Introduce them to the blockchain and to ledgers that are private yet are capable of allowing them to transact with the world. OmiseGo is open sourced and they will also implement a white label ewallet service. I’ve gotta say that I really enjoy seeing companies like this getting into blockchain technology so that they can provide their current customers with better options for not only transferring money, but also giving them a chance to make better investments. They have a very detailed white paper that is available on their website. It describes how they can: facilitate and coordinate among payment processors, gateways, and financial institutions, accomplish cross-chain transactions, provide the ability to trade with fiat and cryptocurrencies, and what their goals for the future look like. So if you haven’t already done so, and you’re interested in learning more about OmiseGo, their white paper is a great place to start. ———————— As I stated earlier, this project has Joseph Poon listed as one of their advisors, he’s also a principal author of OmiseGo, so I’m going to go ahead and assume they are interested in implementing Lightning Network for off-chain transactions. OmiseGo will also have the ability for cross-chain transactions since their blockchain will be able to hook into other blockchains to allow for trading across token and asset classes. I had briefly mentioned cross-chain transactions in my recent video that covered the Tenx card, and I know there are other projects out there looking for ways to make this work. So if there are any projects that currently utilize cross-chain transactions that have sparked your interest please feel free to leave a comment down below. I’d love to take a look at all of the option out there thus far and see how they are implementing this new feature.
Views: 35632 Crypto Tips
How to Easily Secure Your Favorite Cryptos with the Ledger Nano S
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW
Views: 79137 Crypto Tips
Earn a Passive Income with Masternodes
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW Discussion on potentially good masternodes: https://deeponion.org/community/threads/masternode-coins-do-you-have-any-setup-recommendations.10624/ Masternode Hosting Service: http://masternode.work/ Example of a sketchy Masternode Pooling service: http://www.masternode-sharing.com/ Comprehensive list of masternodes and their ROI: https://masternodes.online/ In order to fully understand masternodes, it’s awfully beneficial to first understand what a regular node is. If you need a refresher course on nodes, or if you want to learn more about them, check out my past video titled: “What You Should Know About Nodes: Bitcoin & Dash” Masternodes are nodes that allow their networks to offer special services to their users. Most commonly, these services include: anonymous transactions, instant transactions, and even participation in the form of voting rights to decide fund allocation for special projects. You can think of masternodes as enhancers of a network. They facilitate the extra perks that would overload normal nodes. Passive incomes are possible because these masternodes are paid for their work. This income usually comes from a portion of the block rewards. Each network that offers masternodes has differing payment schedules and percentages. Running a masternode does not require the same amount of computing power as mining for Bitcoin, but they often require large investments in that particular coin. There’s also a nice economic upside for networks that have masternodes. Because they require large amounts of the coin to be stored in a wallet in order to remain valid, masternodes also help the price of that coin to remain relatively more stable. The range for required investment can vary anywhere from 500-10,000,000 coins required. What it takes to run a masternode: * Significant investment in that particular coin, each masternode has different requirements * Appropriate wallet to store the coins * Computer that runs 24/7, if the computer goes down this could and most likely does, affect your payouts. Because they offer special services, they are often complex and high maintenance to keep them up and running. Some might consider them to be more difficult then running a fully validating node, yet less difficult than a mining rig. If you’d love to take part in running a masternode but you don’t have the resources in the form of a constantly running computer to do so, you can use masternode hosting services. What you’ll typically need for masternode hosting service: * Significant investment in the coin * Stored in an appropriate wallet that YOU control * Subscription fees to the masternode hosting service If you want to take advantage of a masternode hosting service, please pay attention here. When choosing a hosting service, if they tell you to send your coins to a wallet that they own or control, if they tell you to give them your private keys, most of the time this is the signal of a scam. One exception would be if you’re looking into using a “pool”. Which means you’ll be contributing coins along with a group of others to meet the investment requirements of a particular masternode. You’re payouts will reflect the percentage of your investment to the pool. Just keep in mind that with these pools, you are putting all your trust in the entity that controls the wallets and distributes the payments. I’ve shared this website in past videos but it doesn’t hurt to share it again. This one is a good visual for those of you who want to explore the masternode options that also gives you an idea for your potential return on investment. If you’re still on the hunt for passive income with cryptocurrencies and masternodes don’t really fit what you’re looking for, don’t miss my next video which will be covering mining pools.
Views: 9165 Crypto Tips
Here's How NEO is Different
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW Also check out these links for more reading material about NEO: www.neo.org https://seekingalpha.com/article/4100787-next-crypto-giant https://bitcoinmagazine.com/articles/antshares-rebrands-introduces-neo-and-new-smart-economy1/ https://mycrypto.guide/#dbft https://cityofzion.io/ There have been a few new coins that have been labeled as the “Ethereum Killer’ and NEO is on that list. But let’s go over what these two have in common and then we can dig into how NEO is setting itself apart. We can start with the obvious, they are both centered around providing users with the ability to use smart contracts and digital assets. But allow me to list a few of the aspects of NEO that caught my attention: * NEO coins cannot be divided- you’ll notice this when you want to make a transfer and will only be able to move whole integers, instead of the usual numbers with a decimal. (HINT: the trick is to add in the value of the transaction fee to the amount you wish to move) * They provide digital certificates which provide legal protection for the digital assets on the NEO network. * Developers can program smart contracts using C++, C#, Go, Java, and other programming languages. * Utilizes dBFT consensus- that is delegated Byzantine Fault Tolerance. * They also have a protocol that facilitates cross chain transactions that does not compromise smart contracts that are executed on different chains. * This one is perhaps the most impressive in my opinion, and that is their “Lattice cryptology-quantum computer-proof technology”- . If you own any NEO, no matter the amount, I recommend storing them on the NEON wallet. You can download it from their official website, it’s a lite client wallet, meaning you don’t have to download the entire blockchain, and it is compatible with Windows, Linux and OSX operating systems.I suggest this because once you have them stored on that wallet, you will automatically receive payments of their Gas coin. It’s currently valued at around $20. If you have NEO coins on the Binance exchange they will allocate the accrued Gas coins to you. However, if you are holding NEO coins on Bittrex, they will not distribute the gas coins, and instead will keep it for themselves. So again, this is why I suggest downloading your own wallet that you control so you are for sure able to get your gas payments. https://steemit.com/cryptocurrency/@samstickkz/free-gas-coin-to-neo-holders In case you’re wondering why you should care about this NEO gas coin, I found a great website that provides the best explanation of what gas is and why it is valuable: https://binance.zendesk.com/hc/en-us/articles/115000967291-GAS-was-Antcoin- “NEO has two native tokens, NEO (abbreviated symbol NEO) and NeoGas (abbreviated symbol GAS). NEO, with a total of 100 million tokens, represents the right to manage the network.... GAS is the fuel token for the realization of NEO network resource control, with a maximum total limit of 100 million. The NEO network charges for the operation and storage of tokens and smart contracts, thereby creating economic incentives for bookkeepers and preventing the abuse of resources. The minimum unit of GAS is 0.00000001. In the creation block of the NEO network, 100 million NEOs are generated, GAS has not yet been generated. 100 million GAS, corresponding to the 100 million NEO, will be generated through a decay algorithm in about 22 years time to address holding NEO.” So you can see that NEO gas is similar in its application as that of ethereum’s gas, it’s what is paid to conduct smart contracts, and it’s similar to Bitcoin in its design to release less and less coins as time goes on until it eventually reaches it’s max supply.
Views: 32563 Crypto Tips
Update Your Ledger Nano S!! | What You Should Know About BINANCE
 
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Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW: Binance Website: https://www.binance.com/aboutUs.html Binance Labs: https://labs.binance.com/ Ledger Update: https://twitter.com/LedgerHQ/status/970975950333759489
Views: 8019 Crypto Tips
Bitcoin Blockchain Innovations: Sidechains
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW At first glance, sidechains may seem like another layer of complexity that is best left to the professionals, but they can make blockchain tech more accessible and customizable for developers who want to explore different possibilities and applications for the Bitcoin blockchain. And also allow for alt coins and Bitcoin to scale- Remember Lightning Network? They could also one day allow for cryptos to interact with each other, thus opening the door for so many possibilities. Understanding Blockstream: https://thecontrol.co/understanding-blockstream-25af2b6f0084 So Blockstream funds the development of Bitcoin Core, which is the main Bitcoin network client software. Blockstream is a blockchain technology company that also boasts itself as being the originator of side chains. Whether or not that’s true, they were at least one of the first and still a major player that is pursuing this big idea. https://blog.blockchain.com/tag/blockstream/ Let’s break down what a sidechain is. In laymen’s terms, sidechains run parallel to a main blockchain, like bitcoin’s blockchain for example. They use a two-way peg, meaning you can move your bitcoin from the main bitcoin blockchain, to the sidechain, and then back again. This is done by essentially locking away your bitcoin from the main blockchain while it is in use on the sidechain, and they are then released once you prove they are no longer being used on the sidechain. The first side chain is called Elements Alpha. It’s a tesnet where developers can utilize the open source code to contribute to the project and discover ways to improve the bitcoin blockchain. Other projects for side chain implementations include the likes of Rootstock. The developers at Rootstock, or RSK have announced at consensus 2017 the release of Ginger, which is their open sourced testnet. Ginger is aimed at providing more functionality to the Bitcoin Network like smart contracts, increased scalability and a new revenue stream for miners. http://media.rsk.co/rsk-announces-the-global-release-of-ginger-the-open-source-testnet/ https://www.cryptocompare.com/coins/guides/what-is-rootstock/ As always in crypto land, it’s not always sunshine and roses, there are still some kinks to work out with side chains until they can be considered ideal. One of the arguable weak points of sidechains is the fact that federations are a select few who ultimately call the shots and determine if/when the coins you use between the main blockchain and the sidechain are locked up and released. This is a centralization of the whole system, and whoever is behind the sidechain will determine who is included in its federation. Trusting a dozen or so individuals to authorize all transactions can be seen as a major security flaw. One other weak point is the fact that sidechains will need it’s own miners. This could pose a problem when considering that these miners will need to be monetarily incentivized. One way to fix this is by implementing merge mining. T his is the process of allowing two different crypto currencies based on the same algorithm to be mined simultaneously. It allows low hash powered crypto currencies to increase the hashing power behind their network by bootstrapping onto more popular crypto currencies. https://www.cryptocompare.com/mining/guides/what-is-merged-mining-bitcoin-namecoin-litecoin-dogecoin/ I’m sure that there are Bitcoin maximalists out there who see this development of side chains for Bitcoin as a nail in the coffin for Ethereum. Because sidechains have the potential to provide Bitcoin with the ability to integrate smart contracts, this does seem to take an edge away from Ethereum in terms of services provided. However, I will always believe in the robust development team behind Ethereum and their ability to work together to constantly produce innovative new projects. So don’t say goodnight to Ethereum. Instead, I’d like you to consider how side chains can open the door for different cryptocurrencies to work together and take advantage of their strengths.
Views: 6805 Crypto Tips
Bitcoin Price Predictions for 2018: Part 1
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW Tim Draper http://timothydraper.com/ http://timothydraper.com/timBio.html Predictions (2014): https://www.forbes.com/sites/jessedamiani/2017/11/26/10k-bitcoin-by-2018-looks-like-tim-draper-was-on-the-money/#589987d53295 Predictions (2018): https://smartereum.com/3330/bitcoin-forecast-can-bitcoin-price-worth-more-than-100k-sun-apr-1/ Tom Lee http://www.fundstrat.com/firm/team/ Prediction: https://www.newsbtc.com/2018/02/28/wall-street-analyst-tommy-lee-predicts-bitcoin-surge-retailer-adoption/ Ronnie Moas https://www.linkedin.com/in/ronnie-moas-127653b/ Prediction: https://cointelegraph.com/news/bitcoin-destined-for-28000-in-2018-moas Prediction: https://themerkle.com/ronnie-moas-thinks-300000-is-a-realistic-bitcoin-price-target/ Before we dive right in, I want to mention that there is one very important factor that exists now which wasn’t an issue when many of these predictions were made. That is, the influence of the CME over the markets now. The futures trading happening now has opened the door for market manipulation that just didn’t exist before. This is also why I think we’ll find that many of the BTC predictions that have been made in the past have turned out to be a bit inaccurate so far this year. Tim Draper: He is a venture capitalist who created the Draper Associates which eventually merged with others to become DFJ. He also is the one to blame for the creation of viral marketing. So you can say that he understands the psychology of markets. He’s also been a heavy investor for a lot of blockchain startups like Factom. Back in 2014 Tim had predicted BTC’s price to hit $10,000 by 2018. More recently he’s been predicting that Bitcoin will hit the $100,000 mark. This could happen if a majority of the fiat market moves to cryptocurrencies. His belief in the future of Bitcoin is solidified in its characteristics of being borderless, with a set supply matched with the demand from the free market. Tom Lee: He is a managing partner at the financial research company Fundstrat, and about a month ago when the over all morale of those in the crypto market pretty closely reflected the dropping of price of that market, Tom was recognizing how the decisions of big international companies could change things around. Companies like Starbucks, Amazon and Rakuten all have expressed interest in exploring how digital currencies and blockchain tech can be a part of their business models in the new future. With heavy hitters like these potentially adopting cryptocurrencies and blockchain tech, they’d bring with them a major increase of users as well. Tom says that we could be seeing $20,000 bitcoin by the middle of this year and $25,000 bitcoin by the end of 2018. Last July he also predicted that Bitcoin could go to $55,000 by 2022. Ronnie Moas: He’s the founder of Standpoint Research and has established himself as a credible and accurate analyst. He’s thrown out pretty big numbers for Bitcoin at different stages of its existence. He sees Bitcoin “ending up” at around $300,000-$400,000 per coin. He justifies this by the fact that there is 200 trillion dollars invested in stocks, bonds, gold and cash, all of which are over valued. If only 2% of this money is moved into cryptocurrencies, this would bring the total market cap for cryptocurrencies to 4 trillion dollars. Also, the global rate of adoption for cryptocurrency wallets has been about 1-2 million people. In a few years from now, this may result in a few hundred million people trying to get a hold of a few million Bitcoin. He also makes a point the clarify that about a quarter of the current supply of Bitcoin has already been lost forever, not to mention the fact that there are some hardcore holders who will never sell. His target for 2018 is $28,000. Tomorrow’s video will be covering the predictions made by the likes of Trace Mayer, Max Keiser, Cliff High and John McAfee.
Views: 25159 Crypto Tips
Learning Crypto: Understanding White Papers
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW 10 Keys for Evaluating ICOs: https://cryptopotato.com/10-keys-evaluating-initial-coin-offering-ico-investments/ White Paper Definition: https://www.investopedia.com/terms/w/whitepaper.asp Valuable Resources for ICO research: https://www.coindesk.com/the-ultimate-list-of-resources-for-researching-and-launching-icos/ Investitin Research Guide: https://www.investitin.com/cryptocurrency-altcoin-investing/ Fundamental Analysis for Cryptocurrencies: https://masterthecrypto.com/fundamental-analysis-for-cryptocurrencies/ Bitcoin White Paper: https://bitcoin.org/bitcoin.pdf Ethereum Homestead Document: http://www.ethdocs.org/en/latest/ OmiseGo White Paper: https://cdn.omise.co/omg/whitepaper.pdf IOTA White Paper: https://iota.org/IOTA_Whitepaper.pdf DecentBet White Paper: https://www.decent.bet/whitepaper/ Dictionary: http://www.dictionary.com/ Lots of times these white papers are long and full of technical lingo. If you ever actually take the time to read an entire white paper, often times you feel like you ought to get an award for your efforts. But the best you can do is subtly brag to your crypto friends that “You read the white paper” Sure, bragging rights are great but there are other, much more important reasons for taking the time to do this. One thing you should know about crypto white papers are that (the good ones at least) they are designed to do several things: Inform the public of the project, what they want to accomplish, why they believe their product is needed, their roadmap which is a timeline of milestones they want to reach and when, their methods for meeting their goals and if it is a project that will hold an ICO you can also find how they will distribute the tokens that are created. Learning about these aspects of a crypto project will help you better understand all that goes into creating new crypto currencies. White papers are great tools for beginners to be exposed to higher level crypto vocabulary. More often then not you will come across words that make you feel like you’re missing something, and that’s when dictionaries come into play. Don’t be afraid to look up words you don’t know, and don’t be afraid to learn something new. Sure it can be tedious and overwhelming but if you’re interested in deepening your knowledge of this space, white papers are a good source and there are plenty out there for you to explore. After you’ve read over a few of them you’ll begin to develop a better sense of what makes a good white paper, which is also an indication of the quality of the crypto project itself. You’ll notice things like what kind of info they are leaving out, if their project has legitimate use cases, and the type of philosophies that are behind the project. Slowly but surely you’ll begin honing your skills and developing more confidence in your knowledge of this space.
Views: 5887 Crypto Tips
Earn an Income and Disrupt the Banks: Populous
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW https://populous.co/ https://coincentral.com/populous-beginner-guide/ https://medium.com/@BitPopulous/the-release-of-beta-v2-0-is-set-to-release-16-02-2018-631f9341b9aa https://medium.com/@BitPopulous/populous-announces-1-billion-partnership-25f0143c8590 Populous is a platform that enables its users to take part in bidding on invoices. Typically the situation goes like this: A company provides goods or services and then sends its customers an invoice to collect payment for those goods or services, allowing the customer a timeframe that often lasts 45 to 90 days to provide payment. These invoices can often lead companies to experience hold ups of their cashflow which can hinder the progress of their business. Normally big banks and financial institutions step in to purchase these invoices at a discount in the form of a loan to businesses needing cash. Because they have somewhat of a monopoly on this market the banks can make pretty good money especially if they are loaning to larger businesses. This is when Populous steps in and opens the door for its users to have the ability to bid on invoices. The auction means that the companies needing cash will receive competitive funding for their invoices and those bidding for invoices can earn a passive income from the discount and their profit comes when the customers pay the full priced invoice. Because Populous is a decentralized cryptocurrency-based platform, users and companies from all over the globe can come together to have their needs met. No longer are the companies subjected to the parameters set out by banks, and for the first time, people like you and I can participate in a massive marketplace and earn a profit that was otherwise limited to wealthy financial institutions. Populous uses XBRL which is Extensible Business Reporting Language to analyze the actual credit risk of the invoices. This uses information regarding the financial state of the business and the debtor to determine the risk of bidding on an invoice. Also, on the platform they have developed their own in-house credit rating system that saves the time and money of referencing and relying on external credit agencies. As a business, if your invoice is approved to be up for auction there will be a 24 hour window for bids. After that window is closed, you’ll learn if any bids have met the sales goal. If none have done so you can either choose the highest bidder, cancel the auction or restart the auction again. The payments of these bids will be in the platforms token called, Pokens. But right now the platform is currently in its beta phase, this means that all users of the platform are doing so to test out the software. Also, this means that all payments and settlements are done using “test pokens.” Do not deposit real pokens or fiat currencies onto this test platform just yet. They’ve just recently released their beta version 2 with some updates so if you’re interested in checking out this platform and help it to work out its bugs and provide feedback before it’s ready to go live, now is a good time.
Views: 8623 Crypto Tips
Why Wait for Filecoin? Use IPFS Today on the Shift Platform
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW You may have heard of IPFS thanks to it’s genius creator, Juan Benet, or through the much talked about Filecoin which recently held an ICO that was restricted to only Angel investors, but we are still waiting for it’s product. Luckily for us, it is not the only platform allowed to use IPFS. Shift has been building their blockchain platform on top of the IPFS protocol for some time now. Shift is a delegated proof of stake blockchain that allows for 101 nodes to get paid for maintaining the network. The Shift blockchain is also turing complete, meaning it supports smart contract for fast development and use of dApps. Here’s an easy way to understand how IPFS and platforms like Shift and Filecoin interact: Imagine IPFS is the backend and projects like Shift are the front end. IPFS is the foundation on top of which Shift can build a place for decentralized, distributed storage, marketplaces, dApps, and social media… just to name a few. Shift has a working platform that is easily accessible by the public. Even though the current transactions are happening on the Shift test network, you can check the transaction on their official website under the “Tools” tab and select the “Explorer” option. Here’s the cool part, Shift will very soon be making the move to their main network. Meaning their platform will officially go live. The first dApp that will be live on Shift is called Phantom, it’s a decentralized storage app. If you’re interested in building dApps on this platform you’ll be happy to know that you can earn a passive income by the side chain fees your app creates. For those of you who are ready to begin experiencing what IPFS can do I suggest heading over to the Shift website and getting started already! If you learned something from this post kindly leave an up vote, and share this one with your friends so we can all nerd out over IPFS together :) If you’re new to this channel consider giving me a follow so you can get your weekly fix of all things crypto.
Views: 9788 Crypto Tips
Discovering Satoshi: Hal Finney
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW Satoshi Theory: https://cointelegraph.com/news/who-is-satoshi-the-hal-finney-dorian-nakamoto-connection Hal Finney: https://en.wikipedia.org/wiki/Hal_Finney_(computer_scientist) Hal’s Post on BitcoinTalk: https://bitcointalk.org/index.php?topic=155054.0 Finney’s Outlook on Life: https://www.wired.com/2014/08/hal-finney/ Hal Finney is a person who I hope will be remembered for his contributions towards creating privacy solutions for all. He was a computer scientist who began his career developing console games and then was brought on by Phil Zimmerman to help develop for the PGP Corporation. PGP standing for Pretty Good Privacy. My last video was a brief introduction to the Cypherpunks and what they were all about. These individuals were able to communicate through anonymous email interactions. Hal played a big part in creating this type of messaging protocol and a big part of the Cypherpunks movement. There has always been a lot of speculation around the true identity of “Satoshi Nakamoto”. Some people think that Hal Finney was actually the real Satoshi even though Hal always denied this. There *was* a man named Dorian Nakamoto (Originally named Satoshi) who lived right down the block from Hal, but he has also always denied any ties whatsoever to what he called the “Bitcoin Company”. Bitcoin of course is not a company, rather is just a network of decentralized servers that maintain a distributed ledger. But anyway, back to this theory, this man Nakamoto had actually suffered quite a financial loss during the 2007/2008 financial crisis. One could say that this Satoshi Nakamoto fellow is a perfect representation of the individuals who could benefit from the system that is the Bitcoin network. I actually quite like this theory because at this point, after this network has grown to the size and scale that it has achieved, is it really important to identify Satoshi Nakamoto? Isn’t it instead better to think that Satoshi represents all of us who want to see an autonomous, independent solution to the old systems of centralized control and authority? We can argue all day about whether or not the Bitcoin of today has stayed true to the vision that its creator had at its inception, but it’s grown far outside of any one person’s control. Which is the whole point right? This is the first time you can actively participate in a system that was designed to facilitate your own input. You can run a fully validating Bitcoin node and be a part of the network. You can help to further decentralize and ultimately strengthen the network. You will have a say on how your transactions are done based on how you set it up. Hal Finney suffered from ALS, a disease which I’m all too familiar with as my own grandmother shared the same diagnosis. ALS just sucks. It slowly paralyzes the body and the average life span after diagnosis is about 2-5 years. Hal was diagnosed in 2009 but as this disease slowly took his mobility, Hal continued to code thanks to his equipment that could read his eye movements. He even designed software that would allow him to maneuver his wheelchair with his eyes also. Sadly, he eventually passed away in 2014. As a man who was always open to the future, and never felt threatened by innovation it should come as no surprise that he chose to be cryogenically frozen in the hopes of being reanimated in the future when technology would allow for his body to be made whole again. Hal’s life has ended but his story is one worth sharing and learning from. I encourage you to dig deeper into all that he’s contributed towards encryption and providing ways that we can all use to ensure our own privacy and let’s take a page out of his book and always be inspired by innovation, not fearful of it. This entire movement has deep roots in establishing ways that can guarantee your own autonomy if you want to pursue it, don’t be afraid to take part of and be inspired by the innovation.
Views: 6674 Crypto Tips
Komodo: The Underdog of Atomic Swaps (And PRIVACY)
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW Komodo Website: https://komodoplatform.com/Komodo Twitter Account: https://twitter.com/komodoplatform/status/822390738944045056Podcast with Jason Brown: https://blog.komodoplatform.com/komodo-on-stage-presentation-at-the-bitcoin-ethereum-blockchain-conference-56d6b60801f9 Komodo Platform Blog: https://blog.komodoplatform.com/ Video of Litecoin/Komodo Atomic Swap on BarterDEX: https://www.youtube.com/watch?v=srCu6WnNW6w Steemit Article: https://steemit.com/cryptocurrency/@criptoanalitic/breaking-komodo-successfully-makes-atomic-swaps-using-only-electrum-servers CryptocoinDaddy Article on Electrum Servers: http://cryptocoindaddy.com/atomic-swap-successful-komodo-bitcoin-using-electrum-servers/ Komodo is another one of those platforms that seems to always be flying under the radar. Let’s give a quick rundown of some features of this platform. It has the privacy features similar to zcash- meaning zkSNARKS, and it will be adding the Lightning Network capabilities of Bitcoin. They will also offer white label solutions for blockchains and ICOs. While Litecoin, Decred and Zcash have been in the news lately talking about their advancements with atomic swaps, Komodo has been quietly plugging away. So let’s check out their decentralized exchange that has atomic swaps as its main focus. BarterDEX is the decentralized exchange for the Komodo Platform and it is the first to supply users with order matching for atomic swaps. Right now their atomic swaps are limited to Bitcoin compatible coins While before you would have needed to download the entire blockchain of the coins you’d want to trade via atomic swaps on BarterDEX, they’ve now made the improvement so that you can now conduct an atomic swap using Electrum servers. These are hosted nodes so you will not need to download the entire blockchain of each coin that is being traded. The only trick now is that there will need to be an Electrum server for the coins being traded in order for you to bypass the need of downloading the entire blockchain which takes a lot of time and space. Komodo has taken the responsibility of hosting Electrum servers for the most popularly traded coins so these coins can be more easily traded. If a coin wants to be a part of this exchange they can host their own Electrum server and contact the Komodo team to be added to BarterDEX. As of right now their wallet that you would use to do atomic swaps on this exchange will only work via command line. So it’s true that right now this is limited to experienced users of crypto and computer programming. Let’s take a better look at what else Komodo can do. Komodo has a system called Jumblr, which essentially combines traditional coin mixing techniques like uniform coin amounts, and sending all transactions at once, they are also working towards obfuscation of location tracking of your IP address used to send or receive a transaction. So in other words Komodo is putting in work to achieve much more complete anonymity. The future for Komodo looks like white label solutions for blockchains, ICOs, decentralized exchanges and they’re also looking into pegged cryptocurrencies.
Views: 7027 Crypto Tips
Understanding EOS
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW BitShares, Steemit, and now EOS Although he didn't do it alone, it seems that Dan has a thing for wanting to change and elevate our expectations for how certain systems can work. The creation of BitShares showed us how to connect the idea of an exchange with that of an entire ecosystem fit for the utility of cryptocurrency. Steemit helps everyone but especially the non techies to realize their own potential for an alternative means of income and very cleverly introduces people to the blockchain. Now it's time to understand the implications of EOS. There’s at least one common theme that I’ve recognized which runs among the projects developed by Dan Larimer and his team, it is ease of use. It is in this way that I can see a real parallel with EOS and the company Apple, how it focuses on the end user experience and formulates the technology to accommodate it’s customers. From my understanding, Dan has a vision to build a blockchain for smart contracts that will act as a hosting environment for decentralized applications. These Dapps could then be built by anyone and they wouldn’t need permission to launch them on the EOS platform. The general sense of the benefits that EOS is promising to provide include ease of use, faster transactions with zero fees. It’s been labeled as the “Ethereum Killer” and Dan has stated in [an interview with Jeff Berwick](https://anarchast.com/new-ethereum-killer-cryptocurrency-called-eos-dan-larimer/) that “it is designed to deliver on Ethereum’s promises” That to me is a ballsy statement and I’ve got to admit that I like seeing him speak about this new platform with such confidence. No matter how much I'd like to be 100% on board with this topic I really feel the need to express a few of my concerns, don't worry, there isn't many and I'm sure they will be reconciled as this project progresses. I would be remiss if I didn’t apply the critical analysis questions that I’ve spoken about many times in past videos to this new project called EOS. The main concern that I’ve had since I first learned about EOS was the fact that they are distributing their tokens before having a viable product that is ready to be released. It’s the question of how much is being promised for the future and how much is proven to be accomplished to date. I’ve heard Dan’s explanation for the reasoning behind this, stating that once they release this new blockchain platform the development process will slow down considerably, so they are giving themselves ample time to prepare. I completely understand this but no matter how much I believe in Dan and his ability to create innovative blockchains, a promise for the future is not a guarantee. I’m just hoping that one year proves to be enough time. If you’re like me and your curious as to why EOS would chose the smart contract capabilities of it’s future competitor to accomplish its token distribution, go ahead and check out the links I’ve posted down below, I found that these articles have very helpful explanations. https://steemit.com/eos/@trogdor/the-eos-ico-for-dummies https://steemit.com/ethereum/@boxmining/ethereum-vs-eos
Views: 21746 Crypto Tips
What You NEED to Know Before Purchasing Wanchain
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW Wanchain- “Distributed Bank” Website: https://www.wanchain.org/ White paper: https://www.wanchain.org/files/Wanchain-Whitepaper-EN-version.pdf Review of their ICO: https://icodrops.com/wanchain/ Twitter account: https://twitter.com/wanchain_org Telegram: https://t.me/WanchainANN Discord: https://discordapp.com/invite/3DpeV6W Reddit: https://www.reddit.com/r/wanchain/ Facebook: https://www.facebook.com/wanchainfoundation/ Weibo: https://www.weibo.com/login.php Understading the difference between public/private/consortium blockchains: https://www.blockchaindailynews.com/The-difference-between-a-Private-Public-Consortium-Blockchain_a24681.html Medium article by Oliver Birch of Wanchain: “The main goal of Wanchain is to solve the issue of value transfers between different ledgers.” https://medium.com/@interblockchains/wanchain-interoperability-420e5022c138 President of Wanchain explaining why the tokens on EtherDelta will be difficult if not impossible to be redeemed on the platform: https://twitter.com/wanchain_org/status/946543948192915456 Wanchain AMA Q&A’s: https://www.reddit.com/r/wanchain/comments/7qkh8m/this_is_wanchain_ask_us_anything/?limit=500 Addressing the FOMO with good perspective: https://www.reddit.com/r/wanchain/comments/7rne3q/your_profits_may_not_be_what_you_are_hoping_for/ There are some important things you should know before purchasing Wancoin, so let’s get right into it. Founded by Jack Lu, the same man who brought us Factom back in 2014. The entire team behind wanchain is impressive to say the least. This team is stacked. Not only do they have a long list of individuals rich with encryption, software development and blockchain experience, but they also have a few solid individuals handling the marketing side of things. Both of which are paramount for any crypto project to have a chance at success. According to Oliver Birch of Wanchain, at its core, Wanchain wants to address the problem of value transfers between different ledgers or blockchains, and also achieve a more widely spread blockchain technology and digital asset applications. (https://medium.com/@interblockchains/wanchain-interoperability-420e5022c138) According to their white paper they plan to achieve this by pursuing * Cross-chain asset transfer * Transaction privacy protection * Functional Extensibility They aren’t exactly the first to pursue cross-chain transactions, but they are coupling this with privacy features like ring signatures, you might recognize this one from Monero, and also single use accounts. If you’re interested in learning more on how Wanchain’s protocol completely removes the third party problem then I definitely suggest going over their white paper, it’s very well written and they go over in detail how they will achieve this and how their privacy features work. What the coin is for: Wancoin is used to pay for the fees on the network, and they are also necessary for ensuring cross-chain transactions. Because the coin is directly related to the cross-chain transactions occurring through Wanchain, the more cross-chain transactions occur, the more valuable wancoin will become. (article from Oliver Birch) Ok so let’s say you’re interested in purchasing some wancoin. They had a massively successful ICO that sold out quickly. If you didn’t get the chance to take part in it, usually your best bet is to purchase the tokens on EtherDelta. EtherDelta is that one decentralized exchange that lists nearly all ERC20 tokens. It’s also notorious for being a pain to navigate and often slow to make trades, but it is for this reason that EtherDelta is also a chance for you to purchase a promising token before it hits a major exchange and most likely jumps in price. If this is your plan to get a hold of some wancoin, let me stop you right there. The wancoins or more appropriately called tokens that are offered on EtherDelta will not be able to be easily redeemed, or redeemed at all for use on Wanchain. Reason being that in order to redeem your tokens on wanchain, you need to verify that you indeed own the wallet that they are stored on. This means that those who took part in the ICO will have no problem with this, but those who purchase the tokens on EtherDelta are only purchasing pure speculation of the price and will not be able to use those tokens on the actual platform.
Views: 23711 Crypto Tips
Atomic Swaps Can Change Everything
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW The Merkle Article on Atomic Swaps: https://themerkle.com/what-is-an-atomic-swap/ Coindesk Article on Atomic Swaps: https://www.coindesk.com/cross-blockchain-trades-lightning-gives-new-life-atomic-swaps/ ZEC Devs demonstrate Atomic Swap with BTC: https://news.bitcoin.com/engineers-demonstrate-zcashbitcoin-atomic-swaps/ Zerohedge Article on Atomic Swaps and Decentralized Exchanges: http://www.zerohedge.com/news/2017-09-25/are-crypto-exchanges-about-become-decentralized Decred Adds Atomic Swap Option: https://bitcoinmagazine.com/articles/decred-adds-atomic-swap-support-exchange-free-cryptocurrency-trading/ Lightning Network and Atomic Swaps: https://bitcoinmagazine.com/articles/atomic-swaps-how-the-lightning-network-extends-to-altcoins-1484157052/ BlockGeeks Explains Smart Contracts: https://blockgeeks.com/guides/smart-contracts/ So let’s take a step back and look at what it is that users of cryptocurrency ultimately want. We want to have control of our coins, we want to make trades as fast as possible- I mean, who actually enjoys waiting to see if their trade went through? And we want to know that we won’t be robbed when we put our coins up for a trade. Decentralized exchanges are a good start to achieving this ideal. They kill two birds with one stone by allowing you to stay in control of your coins- this removes third party risk altogether- but their major downfall is low volumes which lead to very slow or uncertain trades. Thankfully the cryptospace is full of innovative thinkers and awesome developers who come up with impressive ways to improve how value can be transferred. Today let’s learn about Atomic Swaps. Atomic swaps are transactions that allow you to quickly trade one type of coin or token for another with another individual without paying any fees to a third party. And it is this distinction that you can trade across blockchains instantly that makes atomic swaps something that will change how we interact with each other via cryptocurrency in a very dramatic way. How it works involves smart contracts and the lightning network. If you want to learn about what smart contracts are and how they work and/or what Lightning Network is, check out the links up in the corner here, and I’ll also post them in the description down below. So basically atomic swaps occur thanks to smart contracts, they are called atomic because they either happen 100% or else all parties are refunded their original coins or tokens. Because of the use of smart contracts, these transactions incur zero fees from a third party, and as long as both parties meet the agreed upon conditions for the trade then it will be initiated. That’s the beauty of smart contracts, they remove human error and manipulation, so you’ll know that your trade either was a success or else you get all of your coins returned. If you’re interested in learning more about this specific type of smart contract, take a look at HTLC, a hashed timelock contract. Atomic swaps require different blockchains to interact with each other; this means for an atomic swap to happen, it requires that the coins being traded are both from blockchains that use the Lightning Network. The Lightning Network allows blockchains to have off chain transactions and with a little bit of tweaking, it will allow for any blockchain that utilizes it to become interoperable. So right now you can conduct atomic swaps using Bitcoin, Litecoin, Zcash, Decred. The only trick right now is finding someone to make the trade with. In the near future, even if a merchant only accepts bitcoin, you would be able to pay him using Zcash and it would instantly be converted to Bitcoin for him to receive. This is the type of innovation that makes me all the more excited and motivated to keep diving down the rabbit hole that is crypto and blockchain tech.
Views: 10668 Crypto Tips
CryptoCurrency: Pros & Cons
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW If you are brand stinkin’ new to learning about crypto currencies I’m sure you’ve got a lot of questions. At least I hope you have a lot of questions, it’s good if you do, it means you’re a critical thinker. There’s lots to be weary of in the crypto space and the more questions you ask the easier it will be to come to your own conclusions. After all, if you decide to invest your money, it’s just that, YOUR money. Be smart, educate yourself and if I were to give any investment advice it would be this: invest in coins or projects that you believe in and want to support, invest in projects, that in your opinion, provide real solutions. Okay, so I’d like to address some commonly asked questions that are aimed at Bitcoin, but really, they apply to most cryptocurrencies. First, what are the benefits to Bitcoin or cryptocurrencies? * Freedom - This means that bitcoin and alt coins enable you to send and receive any amount of money instantly anywhere in the world at any time. No bank holidays. No borders. No imposed limits. They allows users to be in full control of their money. * Fewer risks for merchants - Transactions are secure, irreversible, and do not contain customers’ sensitive or personal information. This protects merchants from losses caused by fraud or fraudulent chargebacks. The net results are lower fees, larger markets, and fewer administrative costs. * Security and control - Users of crypto are in full control of their transactions; it is impossible for merchants to force unwanted or unnoticed charges as can happen with other payment methods. Payments can be made without personal information tied to the transaction. This offers strong protection against identity theft. Not to mention the fact that users can also protect their money with backup and encryption. * Transparent and neutral - All information concerning the money supply itself is readily available on the blockchain for anybody to verify and use in real-time. No individual or organization can control or manipulate the protocol because it is cryptographically secure. This allows for trust in being completely neutral, transparent and predictable. Now what are the downsides to Bitcoin or other cryptocurrencies? * Degree of acceptance - Many people are still unaware of Bitcoin and even less so of other cryptocurrencies. Every day, more businesses accept bitcoins because they want the advantages of doing so, but the list remains small and still needs to grow in order to benefit from network effects. * Volatility - The total value of bitcoins in circulation and the number of businesses using Bitcoin are still very small compared to what they could be. Therefore, relatively small events, trades, or business activities can significantly affect the price. In theory, this volatility will decrease as the technology matures and Bitcoin interest rates normalize. Never before has the world seen a start-up currency, so it is truly difficult (and exciting) to imagine how it will play out. Why do bitcoins have value? Bitcoins have value because they are useful as a form of money. Bitcoin and altcoins have the characteristics of money like: (durability, portability, fungibility, scarcity, divisibility, and recognizability) based on the properties of mathematics rather than relying on physical properties (like gold and silver) or trust in central authorities (like fiat currencies). all that is required for a form of money to hold value is trust and adoption. In the case of Bitcoin, this can be measured by its growing base of users, merchants, and startups. As with all currency, bitcoin's value comes only and directly from people willing to accept them as payment. Additional Reading: https://www.weusecoins.com/en/questions/
Views: 9627 Crypto Tips
The Truth About ERC20 Tokens
 
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Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW ERC20 Tokens for Dummies Tutorial: https://www.youtube.com/watch?v=hrwXThR7mUc How to Check if it’s an ERC20 token: https://ethplorer.io/ What is the ERC20 Token Standard: https://nulltx.com/what-is-the-erc20-ethereum-token-standard/ Ethereum Wiki for ERC20 Standard: https://theethereum.wiki/w/index.php/ERC20_Token_Standard Comparing ERC20, ERC223 and ERC777 Standards: http://icocrowd.com/comparing-erc20-erc223-and-erc777-ethereum-token-standards/ Hear from the ETH Dev Who Proposed ERC223: https://www.cointelligence.com/content/comparison-erc20-erc223-new-ethereum-erc777-token-standard/ Reddit/r/ethdev for ERC223 Role out: https://www.reddit.com/r/ethdev/comments/6zhagu/new_token_contract_erc223_vs_erc20/ Taking a step back, Ethereum was actually developed in order to facilitate these tokens' very existence. For a long time now, the team behind Ethereum had their sights set on building a platform that hosts many different dApps, or decentralized applications. That is essentially what these tokens on Ethereum’s blockchain represent. They are the units of value that give you the ability to partake in the application with which it is associated. If you want to move these tokens out of this Ethereum address, or wallet, you can import this wallet onto MyEtherWallet.com. I’ve conveniently put together a video that goes over all of this in detail, it’s called Storing ERC20 Tokens for Dummies, but I know you’re not a dummy, you know what ERC20 tokens are so that puts you way ahead of the game at this point. https://www.youtube.com/watch?v=hrwXThR7mUc If you’re ever curious if a coin is actually a coin, or if its an ERC20 token that is a part of Ethereum, all you have to do is visit ethplorer.io and type the name of the coin/token into the search bar. If it is recognised and you’re shown its statistics, you know that it is indeed an ERC20 token. Why the name ERC20? ERC stands for Ethereum Request for Comment. The number 20 refers to the request number. Let me break it down for you. There are a whole bunch of projects who have chosen to launch their tokens on the Ethereum blockchain. These tokens ultimately need to have some sort of common qualities, capabilities because they are all using the Ethereum Blockchain. If these tokens have a set protocol, it is easier for things like wallets and other platforms to support them. In order to establish which functions these tokens can have, there needs to be a standard by which they will abide. These standards are proposed by Ethereum developers and can be viewed on the Ethereum Github, since Ethereum is indeed an open source platform. Without a doubt, the most common of these proposed standards is the 20th Ethereum Request for comment. That is the tokens that have been designed with the ERC20 standard. However, this does not mean that this standard is perfect. In fact it actually has some issues that have led to the loss of over a million of dollars worth of tokens. Here’s the issue. These tokens work with the Ethereum Blockchain by utilising smart contracts. If you’ve ever participated in an ICO for an ERC20 token for example, you sent your Ethereum to a smart contract. Once the token sale was finished, you were allocated your tokens according to the agreement of that smart contract. Also, if that token sale failed to meet its minimum cap, you should have been refunded your investment. The thing with smart contracts is that they have their own specific addresses also, addresses like those for Ethereum wallets. These contract addresses were not designed to receive tokens. So if you were to accidentally send a token or a number of tokens to a contract address, those tokens would be withdrawn from your wallet and then lost in a sort of limbo, where no one can retrieve them. This is how millions of dollars worth of tokens have been lost. The Ethereum Requests for Comment did not stop at 20. In fact there are several hundreds. There are some which have been created that address this specific issue. ERC223 and ERC777 take different paths that aim to achieve the same solution. I’ll be providing links down below for those of you who wish to venture down this rabbit hole. But in the meantime it’s good to know that this problem is being addressed and many different solutions now exist. The trick is getting the popular applications and wallet platforms that interact with the Ethereum blockchain to begin implementing the needed changes to support these new protocols as well.
Views: 5161 Crypto Tips
What You Need to Know About BitTube
 
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Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann Bit.tube: RealCryptoTips Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828d LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW: BitTube Website: https://coin.bit.tube/ BitTube Blog: https://medium.com/@Bit.Tube Mining Guide: https://coin.bit.tube/guides/ultimate-bittube-mining-guide/ How to use the wallet: https://medium.com/@Bit.Tube/the-new-bittube-wallet-like-going-from-ms-dos-to-windows-e7b42384d01d More About IPFS: https://youtu.be/Dp6dYwWyqfc BitTube “Airtime”model: https://medium.com/@Bit.Tube/bittube-before-and-after-airtime-e67c113045b2 Debit card: https://medium.com/@Bit.Tube/pre-registration-for-the-bittube-debit-card-is-now-open-dced19bcfd9e BitTube adds TV channel: https://bitcoinexchangeguide.com/bittube-blockchain-video-platform-gains-first-licensed-channel-gala-tv/ Our personal data has become the capital that advertisers want. It’s a very valuable tool that is used for many things, including developing invasive advertising techniques, which results in increased sales and bigger paychecks for the multi billionaires. You know what’s really interesting to witness? The development of all of these different decentralized social media platforms and video hosting sites that are based on blockchains with native cryptocurrencies and how they are learning how to be successful and profitable without the reliance on advertisers. It’s yet another example of this grand experiment of rethinking how different systems can work and I for one am very happy that these different options are being developed. I’ve already gone over one popular option, Steemit, and I’ve mentioned before that I am now posting these videos on the website BitTube. But it’s time that I give a bit more information about BitTube and their plans for a sustainable economy. BitTube is a Proof of Work cryptocurrency network. So you can mine it with a computer. Here are somethings to be aware of before you get into this: For the BitTube network, GPUs are the best option for mining. It’s important to note that if you want to mine using your laptop, it most likely will not be profitable. The costs associated with this are the cost of the power needed to keep your laptop running 24/7, and the cost of the internet connection you’ll need as well. If this is something you’d like to learn more about, I’ve found a helpful video on BitTube that goes into more detail on what’s to be expected if you want to mine TUBE coins, as well as a link for a mining calculator so you can figure out what kind of profit to expect from the amount of computing power you’re willing to dedicate. The more computing power you can dedicate, the more likely you are to make a profit. Now for the big questions, how do you make money if you post videos on the website? Where does the money come from? Users of the platform, both those who post videos to BitTube and those who watch videos on the platform (if they have an account) can earn TUBE coins. This concept is BitTube’s “AirTime” model. Those who post content and those who view content on BitTube will receive 30% of the block rewards, with the miners receiving 70%. Of the 30% allocated to the Airtime distribution, 70% will be distributed to those posting videos, and 20% be distributed to those who watch videos. 10% will go towards developers. So this means that content creators are receiving 21% of the block rewards which translates to 67,000 coins per day that are being distributed to content creators. This number will decrease over time. These coins are distributed based on the amount of time that is spent by others watching their videos. And the same goes for those wanting to earn by watching videos, the more time spent watching translates to more coins earned. If you come across a video or channel that you particularly like and would like to contribute a bit more coins to them, there is a donation option as well. There are other methods that will be introduced that will incentivize people to purchase TUBE coins, such as the Pro membership for example. This one gives users the ability to upload 4K resolution videos, offer premium content for purchase, encrypt uploads in order to prevent unauthorized downloads, along with other perks. They’re also developing a debit card which has yet to be released. Be warned that you will be required to fill out KYC information and you’ll have to stake 5000 TUBE in order to qualify for this one. Also there will be a $1,000 monthly withdrawal limit.
Views: 5605 Crypto Tips
Bitcoin in Indonesia
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW During my stay in Bali I found a Bitcoin exchange where people can go to learn about Bitcoin and other cryptocurrencies. They can also conduct trades and socialize with other bitcoin users and crypto enthusiasts. https://www.bitcoin.co.id/ In this video: * Learn what this business does * How many branches of the office exist and where they are located * Is Bitcoin well-received by the community * Learn about the pressures of negative press from outside companies.
Views: 10432 Crypto Tips
CRYPTO UPDATE: FEB. 16, 2018
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW Lightning Network in 2018: https://www.coindesk.com/bitcoin-isnt-crypto-adding-lightning-tech-now/ CFTC meets the Senate:https://techcrunch.com/2018/02/06/virtual-currencies-oversight-hearing-sec-cftc-bitcoin/ Written testimony of Mr. Giancarlo: http://www.cftc.gov/idc/groups/public/@newsroom/documents/speechandtestimony/opagiancarlo37.pdf ATARI to release it’s own token: https://www.bloomberg.com/news/articles/2018-02-15/pac-man-video-game-maker-atari-is-now-a-cryptocurrency-play
Views: 5140 Crypto Tips
Different Perspective: Bitcoin's Price versus Value
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW Perhaps I should be framing this opinion piece with my motivation behind creating it. Here’s the deal, I’ve heard some say that Bitcoin could one day replace the USD as an international form of settlement. And that this is what will ultimately lead to one bitcoin being worth $1 million dollars (insert Dr. Evil impersonation here.) It’s great that this form of value transfer has achieved such high price appreciation over the years and is being predicted to continue into the future, but I think it’s important to differentiate between the price of Bitcoin and the value it holds. Superficially, this concept of value versus price is always something to keep in mind if you choose to invest in something like Bitcoin. But I want to challenge you to think deeper on this concept. I say this because we’re now entering a stage of adoption and usage that has already gained the attention of governments around the world. We are now transitioning out from being an underground movement of cryptographically secured, financial freedom and we’re now moving into a time where big players have their eyes on it and those who are a part of it. We’re entering a time where the true backbone of Bitcoin and cryptocurrencies will be tested. How many people have been saying that now that the governments are trying to tax and regulate cryptocurrencies, they are now officially legitimate? I’m sure the orthodox Bitcoiners out there shudder when they hear this, but this is the truth of the masses. They follow what is deemed legitimate by the “powers that be”. We’re going to have to come to grips with the fact that the masses aren’t necessarily masses of anti-governmental anarchists, or even people who particularly recognize how this new digital money can fully affect their lives. They could, if they can properly experience financial freedom that Bitcoin has to offer, but until then, these are the people we will need to educate and inspire in order to solidify the future of Bitcoin. Without a doubt, I agree that Bitcoin will reach heights that right now might seem astronomical for those new to this space. It’s also important to pay attention to how this technology is disrupting the current systems. We’re seeing governments around the world either trying to regulate it, or implement their own cryptocurrency. We’re seeing banks first trying to demonize it and now exploring their own use cases for blockchain tech. And then there are thoughts of the US adopting Bitcoin as a means of accomplishing international settlements. This could easily send the price of one whole bitcoin to $1 million. But it’s far more likely that the U.S. would instead create their own crypto to serve as a means for paying taxes. I personally have a hard time agreeing that a heavy handed government like the U.S. would want to adopt a currency over which they would have no centralized control. I’m pretty sure that would be a prerequisite for this to even happen. Furthermore, if this were to happen, you better believe the U.S. would work to centralize the crap out of it, thus destroying the very thing that we all value so much right now. What’s the point of having $1 million Bitcoin if its essentially assimilated to the very thing it’s been designed to disrupt? I’m just going to leave it at that. This brings me back to my point here today. The value of Bitcoin, what it truly represents, is so much more than just a new all time high. It exists thanks to the countless hours volunteered by incredibly smart and motivated individuals who just wanted to change the way the monetary system could work. To give financial autonomy back to the individual. Those individuals who were a part of sparking this whole new form of financial freedom and responsibility are people that deserve a whole lot of respect and appreciation. Many of them have chosen to remain anonymous, but I’m going to do my best in the next few videos to shed some light of a few of these individuals and what it was that motivated them to spark this epic new technology.
Views: 3904 Crypto Tips
What You Should Know About Proof of Keys Event (Jan. 3rd)
 
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Should you take part in this event? This video will spotlight what to look out for and why this is important. Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann Bit.tube: RealCryptoTips Check out the new hardware wallet Ellipal HERE: https://order.ellipal.com/?ref=5c08236b8e68e Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828d
Views: 7406 Crypto Tips
Learning Crypto: Understanding Forks and Why They Happen
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW https://www.coindesk.com/short-guide-bitcoin-forks-explained/ https://en.bitcoin.it/wiki/Hardfork https://en.bitcoin.it/wiki/Softfork https://en.wikipedia.org/wiki/List_of_bitcoin_forks https://www.coindesk.com/short-guide-bitcoin-forks-explained/ https://bitcoin.org/en/glossary/soft-fork https://bitcoin.org/en/glossary/hard-fork In my last Learning Crypto video I explained a blockchain. Now I want to talk about what can happen to a blockchain during a fork. Also let’s take a look at the different types of forks and why they happen in the first place. Blockchain forks have been happening for a while now. Contrary to what we’ve been experiencing with Bitcoin the past few months, forks don’t always result in a split of that blockchain. Generally speaking, forks can happen for a couple different reasons. Firstly, the most common type of fork happens when different miners discover a block at the same time. This situation presents two blocks essentially competing for the position of the longest chain. This fork doesn’t result in a split of the blockchain because it is resolved once the next block is added to one of these competing blocks and not the other. Wherever this newest block is added will determine which chain is longest. The longest chain will be considered valid, while the other is invalid, or also called orphaned. The miner of the valid block will be given their block reward while the miner of the orphaned block will receive nothing. Now let’s take a look at a couple different variations of forks: Soft forks and Hard forks. Unlike the forks described earlier, Soft forks and hard forks are results of decisions made by the network of the blockchain. As their name suggests, these variations are different based on the severity of the changes they will impart on the blockchain. Soft forks are commonly referred to as backward compatible, or also, a tightening of the rules. Basically this means that soft forks happen when the network wants to make changes to the rules of their blockchain that will enable nodes that do not upgrade to still agree on the new rules and still consider the new blocks to be valid. A hard fork on the other hand changes the rules of the blockchain in such a way that requires all nodes to upgrade. The consequences of not upgrading will result in miners creating blocks that the upgraded nodes will consider invalid, resulting in them missing out on block rewards. A blockchain splits when a hard fork occurs and for whatever reason, but most of the time the reasons seem to be political or philosophical, a group of miners, nodes and developers decide to continue mining, validating and building onto the chain with the original or older set of rules. This can be seen with the split of the Ethereum blockchain. This particular split resulted in the continuation of the original blockchain with it’s corresponding cryptocurrency called Ethereum Classic. Ethereum is the chain that decided to change the rules- in this instance it was in regards to past transactions. A blockchain can also split when a group of miners, nodes and developers have decided they want to change the way that blockchain should work. They then take it upon themselves to create new rules, and split from the original blockchain to pursue their own goals. This can be seen with the latest Bitcoin Cash and Bitcoin Gold hard forks.
Views: 7112 Crypto Tips
Why Ravencoin (RVN)  is a Breath of Fresh Crypto Air
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828d Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW RVN Website: https://ravencoin.org/about/ RVN GitHub (README is great place to understand their motivation and philosophy): https://github.com/RavenProject/Ravencoin RVN Views and Actions to promote decentralization: https://www.reddit.com/r/Ravencoin/ RVN Wallet Guide: https://coinguides.org/rvn-ravencoin-wallet-setup-guide/ How to Mine RVN: https://blockonomi.com/how-to-mine-ravencoin/ 4 Reasons to hodl RVN: https://asicnews.com/altcoins/4-reasons-to-hodl-raven-rvn-coin/ Patrick Byrne and RVN: https://cointelegraph.com/news/what-does-overstock-see-in-the-digital-bank-of-westeros-ravencoin So right off the bat, as I looked over the READ.me file of Ravencoin’s GitHub I appreciated the fact that they have a clear and concise focus for what services their platform can provide. Ravencoin is a use-case specific blockchain for declaration of ownership of assets. Clear and simple. They acknowledge the foundation that the Bitcoin network has afforded them, and the fact that Bitcoin is focused on being a better form of money. Blockchains are a great innovation, but they aren’t necessary for each and every enterprise or business model. Ledgers are quite effective for declaring ownership of assets, as we’ve seen so far with its application of Bitcoin. Ravencoin will expand on this model to include assets in this new and increasing global economy. Just as people can now send Bitcoin across borders, this concept can be applied to other assets as well. I particularly like this kind of laser focus because it stands out to me now in this crypto space where so many projects are filled with ambiguity. It seems so many want to offer all of the solutions for all of the problems. In reality, the more concise your focus is, the more likely you are to achieve your goals. If you want to know why this particular project caught the attention of Patrick Byrne, check out the links I’ve included down below in the description of this video. Let’s explore this global economy concept and its need for the eradication of jurisdictions, at least as they are applied to assets. This is another aspect that the Ravencoin team points out in their documentation. That is the fact that in order for a global economic system to be fair, everything needs to be open. Any one law enforcing agency in any jurisdiction cannot be able to control or dictate a transaction. A borderless economy is going to require an epic shift in how things work, but that doesn’t mean it’s impossible. The very fact that Bitcoin is proving jurisdictions are becoming increasingly more irrelevant is proof of this. Moving onto the other aspect about Ravencoin I wanted to point out, that is their efforts for establishing a networked that is as decentralized as possible. Firstly, Ravencoin is a fork of Bitcoin’s code, its genesis block was produced in January last year. At the very start, anyone who was interested could have begun mining Ravencoin. There wasn’t a pre-mine where a select few were aware of or had insider information to mine it before it was open to the public. Secondly, Because Ravencoin was a fork of Bitcoin and did not hold an ICO, the distribution of mined coins is more spread out than if they were to hold an ICO and allow for whales to come in and purchase large portions of the supply before being made available to the public. Thirdly, The mining algorithm that Ravencoin uses is ASIC resistant. This means that you don’t need to buy expensive specialized hardware to mine. In fact, the particular mining algorithm used constantly disrupts the ordering of the hashing algorithms, which renders ASIC hardware ineffective. Lastly, they encourage the use of smaller mining pools. As with the use of their ASIC resistant mining algorithm, Ravencoin sees the problems of centralization that are plaguing Bitcoin and are doing what they can now, at the start of their network to avoid them. All of this being said, please know that this is still a new project that is growing. As with any new project there will be growing pains, and unforeseen bugs and other things that need to be addressed. So let me remind you that we have yet to see a perfect cryptocurrency, if one will ever exist, who can know. In the meantime we can enjoy observing these innovations and see how these different teams work to find solutions.
Views: 4950 Crypto Tips
Weekly Coin Intro: Decred
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview Donation Addresses: Bitcoin (BTC): 16gwMprXw5ss8Nk23CU8Jc6XtVf7KYF621 Ethereum (ETH): 0xac5223209791820b4c37f6f6b4b5d249d25d55ac Dash: XuvS5TzRSRGbNZM2va9KXYxF6QBqQ4tVQp LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW ---------------------------------------------------------------------------------------------------------------- Decred Website: https://decred.org/ Decred 2017 Roadmap: https://blog.decred.org/2017/01/09/2017-Decred-Roadmap/ Bitcointalk Info on Decred: https://bitcointalk.org/index.php?topic=1290358.0 Youtube video how to hard fork vote: https://youtu.be/gdLdOYZxY9k This coin is currently number 15 on coinmarketcap.com. The total supply of Decred is 5,085,377, with the actually circulating supply at 4,665,377. The market cap of decred is 51 million Decred utilizes hybrid proof of work/proof of stake by using a decentralized lottery to select proof of stake miners to vote on proof of work blocks. Decred allows for cold staking and decentralized stake pooling. This allows you to generate new coins through proof of stake mining without the risk of having your coins online. Because the decred proof of stake mining system was designed with decentralized stake pooling in mind, this gives you the chance to participate in validating the network even if you have a small amount to stake. Decred also has a cool internal voting system put in place for the addition of new features and hard or soft fork selection. So this means that both Proof of work and proof of stake miners can vote for features and issues through bit flags. This provides a sensible mechanism for resolving disputes about the features of the blockchain
Views: 8561 Crypto Tips
A Beginners Guide to EtherDelta
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW For this example I’ll be using my wallet on Metamask to connect with Etherdelta, but please know that you can also import a wallet that you’ve generated via myetherwallet.com, the only difference is that you won’t get the secondary notifications to submit the transaction that metamask provides. So to begin I will log into my metamask wallet and select the account that I want to use to purchase some tokens on ether delta. From here I will copy the PUBLIC address and then go on Etherdelta and select Import Account. Here I will paste my public address to connect the wallet to Etherdelta. You can always double check that the account you connected is the account you wanted to use to purchase the tokens. Once it’s connected, take a look at the options you have for trading different tokens, today I want to purchase some EOS using my Ether. So I’ll select this combination. Next, take a look at the Balance section here, notice you have options like deposit, withdraw and transfer. I want to deposit Ether from my metamask wallet onto Etherdelta so that I can then trade it for some EOS. To do this I will select deposit and in the “ETH” row I will fill out how much I’d like to take out of my metamask wallet and put onto Etherdelta, then hit deposit. Metamask will then give you a form basically giving you the chance to look over what you’re sending and how much the fee will be, once you select submit the transaction will begin. You’ll see a pop up box that gives you the chance to view the transaction on etherscan, so you’ll know right away when it gets confirmations or if there was a problem. It’ll take a few moments, when it goes through you’ll see your balance move from the wallet column into the Etherdelta column. Now we can get to trading. So I’ve selected the pair of coins/tokens that I want to trade and I go check out the orders book. Here there are red orders and green orders, since I am purchasing EOS I’ll be using the red section. You can also check out the Trades section to see the prices of recent trades so you can know what to expect to pay. I like to check out a few orders before I select one so I know I’m getting a good price, this one looks pretty good to me, so I’ll select it, fill in how much ether I’d like to pay, click on the “Amount to Buy” box and it will automatically calculate how much EOS I’ll receive for that amount of ether. I’ll select Buy and again I’ll be prompted by metamask to submit the transaction, and I’ll also be given a link to view the transaction on ether delta. If you’ve been waiting for a long time for the trade to go through, check out the transaction on etherscan, if you see a sentence in red color right here, then you’ll know that there was a problem with the trade and it didn’t approve, so you’ll need to try again. Now that the trade has gone through I want to get these tokens off of the ether delta exchange and onto my metamask wallet. Much like how i had to deposit the ether at the beginning of this video, now I will withdraw EOS from ether delta.
Views: 56439 Crypto Tips
Most Extreme Cryptocurrency Wallets
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828d Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW Bitcoin Baron Song Download: https://music.gravitasrecordings.com/track/bitcoin-baron Casa: https://www.forbes.com/sites/jeffkauflin/2018/03/02/bitcoin-thieves-beware-super-secure-wallet-maker-casa-raises-2-million/#4677966f4423 BitGo: https://www.bitgo.com/info/resources#pricing Silver Bullion and The Safe House Physical Crypto Storage: https://www.silverbullion.com.sg/Articles/Detail/Physical-Crypto-Storage-Coming-Soon/2266 Glacier Protocol: https://glacierprotocol.org/ 1. Cost. Is it free? What are the drawbacks of using this wallet? 2. Security. Does the company have a track record of security excellence? 3. Mobility. Is it easy to keep and difficult to lose? Is it accessible anytime, anywhere? 4. User-friendliness. Is the wallet UI intuitively designed? Can I store a range of altcoins? 5. Convenience. Am I able to make a fast purchase when the time calls for it? 6. Style. Do I have a weakness for cool tech gadgets?
Views: 3330 Crypto Tips
What You Need to Know About the Cypherpunks
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW Cypherpunk Manifesto: https://www.activism.net/cypherpunk/manifesto.html ’93 Wired Magazine Article on the Crypto Rebels: https://www.wired.com/1993/02/crypto-rebels/ Untold Story of Bitcoin: https://medium.com/swlh/the-untold-history-of-bitcoin-enter-the-cypherpunks-f764dee962a1 I think it’s time we take a look at the Godfathers of privacy through the use of cryptography. They call themselves the Cypherpunks. This cypherpunk movement took root in the 1980s and is centered around the idea of establishing cryptographically secured methods of ensuring privacy. If you want to learn more about this movement, reading the Cypherpunk Manifesto is a fine place to start. (https://www.activism.net/cypherpunk/manifesto.html) It was written in 1993 by Eric Hughes and has some powerful statements. It was written about 25 years ago but it is becoming increasingly more relevant as time moves on and our privacy is increasingly being eroded. Here are some key parts of the Cypherpunks manifesto that I’d like to you all to hear: “Privacy is not secrecy.” “Privacy is the power to selectively reveal oneself to the world.” This piece goes on to speak of how individuals should have the right to selectively reveal their identities in this day in age when electronic transactions and communications are now the norm. It also mentions how they are achieving privacy through uses of anonymous email that uses digital signatures and also interestingly enough, mentions electronic money. Keep in mind that this was written a good 16 years before the Genesis block of Bitcoin. Towards the end of this written piece we are introduced to their motives for writing code that will accomplish this as well as their desire to keep this code open for others to study and learn from. Over and over Eric speaks about being aware of the importance of maintaining your own privacy and shows that decentralizing their information and making it open for others to view and learn from will only help to spread and ultimately secure the future for cryptographically secured methods of communications and transactions. In my opinion, these are the people that deserve to be remembered, and we all need to take the time to understand how we can help perpetuate and solidify this movement for the future.
Views: 4017 Crypto Tips
Ethereum 101: Smart Contracts & Ethereum Virtual Machine
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828d... Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/de... LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW Proof of Work Explained: https://www.youtube.com/watch?v=0_G38wueXBc&t=9s https://themerkle.com/what-is-the-ethereum-virtual-machine/ http://ethdocs.org/en/latest/introduction/what-is-ethereum.html There’s no denying the fact that many people are interested in cryptocurrencies for the sake of making some money. But i think it would be a mighty big shame if people missed out on the bigger picture. There is a reason why so much speculation exists in this space, it’s because the foundation is rich in technological advancements. If you think it would be boring or too difficult to try and better understand the tech behind these cryptocurrencies, allow me to challenge that notion. At the very least, if you have a better understanding of what it is you’re investing in, it’ll make it a hell of a lot easier to hold on during these tough times. Today let’s take a look at the Ethereum Virtual Machine. First let’s establish that Ethereum is similar to Bitcoin in that it uses a blockchain and it uses Proof of Work as its method of achieving consensus on the blockchain. If you need a refresher for what this means exactly, check out the links to my other helpful videos down below in the description. Ethereum is often called a second generation blockchain. This refers to the fact that it’s creators have built on the idea of how Bitcoin works and added to their blockchain the ability to do more than just monetary transactions. Ethereum introduced the world to smart contracts. Smart contracts are programs that can be created to facilitate a whole bunch of different interactions. These smart contracts set rules or specifications. Once the rules or specifications are met, there is an automatic triggered event which fulfills the smart contracts purpose. They are called contracts because they represent an agreement. They are called smart contracts because they can execute themselves. Because of the distributed, decentralized nature of the Ethereum Network, the smart contracts will continue to execute even if your computer crashes. Things that smart contracts are good for: Transparent governance for communities Secure communications Secure foundation for ecommerce Secure payments This brings me to the Ethereum Virtual Machine. It sounds cool and it’s function doesn’t disappoint. All nodes on the Ethereum Network run the EVM in addition to validating transactions. They all run the same instructions or smart contracts. It is this distributed network of computers running the Ethereum Virtual Machine that gives Ethereum is reputation as a “world computer”. It’s important to note that the EVM is altogether separate from the main network. Because of it’s separation from the main net, The Ethereum Virtual machine can be thought of as a testing grounds for smart contracts. You can deploy your newly written and untested code to this network of computers and see how it fairs. This is essential for projects who have a lot on the line. If smart contracts are deployed to the main network and they end up failing, that could spell disaster for the project behind it. The Ethereum Virtual Machine tests more than just smart contracts, it also ensures that lines of communication are secure and that the many different systems that run on the Ethereum network aren’t able to cross into each other and ultimately intercept sensitive information. The Ethereum Virtual Machine was not designed to allow for incredibly fast computing, it actually makes computing time slower and more expensive, that’s a bummer I know, but in return the EVM serves as a defense against denial of service attacks, its allows for high levels of fault tolerance, and ensures zero downtime of the network. Although the birth of some crypto kitties and the excitement that soon followed certainly tested this theory and showed that Ethereum still has some issues to address if it wants to conquer the challenge of scaling for the masses.
Views: 2868 Crypto Tips
Prepare for the Bitcoin Cash Hard Fork
 
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Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann Bit.tube: RealCryptoTips Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828d LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW: Learn more about hard forks: https://youtu.be/OdyJrDEgW_w https://www.coindesk.com/free-money-traders-in-asia-are-buying-bitcoin-cash-ahead-of-hard-fork Teranode: http://cryptoblogg.com/2018/11/07/bitcoin-cash-abc-vs-bitcoin-cash-sv-the-upcoming-fork-part-2/ Hard forks happen all the time here in crypto land. They’re not always dramatic because they don’t always result in the splitting of that cryptocurrency’s community, but these kinds of splits do happen. Our first introduction to this kind of emotional crypto divorce happened when Ethereum made some decisions that led to the creation of Ethereum Classic. Last year we saw Bitcoin split and birthed Bitcoin Cash, and after that we saw what seemed like a million other versions of Bitcoin split off as well, like Bitcoin Gold, Bitcoin Private Bitcoin Platinum, and the list goes on. On November 15th the crypto crowd is now waiting to see what will happen when Bitcoin Cash hard forks. If you care about this one, here’s what you should know about the hardfork as well as some things to be aware of if you’re considering investing in Bitcoin cash in the next couple days. This hard fork is happening because there has been a split in the Bitcoin Cash community which has been represented in the forms of Roger Ver with Bitcoin ABC and Craig Wright with his Bitcoin SV. It could be that Craig Wright has had his eyes set on a split like this happening far before it was actually announced. These assumptions are stemming from the fact that this new competitor, that is Bitcoin SV, which is the chain that Craig Wright is very vocally supporting, ties in very nicely with what his company Nchain has been working towards, that is his Teranode protocol and 1 terabyte sized blocks. I am choosing not to venture down that rabbit hole of crypto drama. Instead I would much rather focus on what’s actually happening with the Bitcoin Cash blockchain, which side the miners have been signaling, how the futures tokens have been trading leading up to this split and which exchanges will be supporting this new chain. Cutting right to the chase, the miners are going to want to chose the chain that will be most profitable. We could talk all day about which side has more miners backing it, but this can easily and quickly switch. There’s another interesting thing that’s been going on and that’s the trading of these BCHABC and BCHSV IOU tokens which are trading on Poloniex and HitBTC. This often happens before anticipated hard forks and it is an indication of the future price of the coins involved. There are a lot of people who think it’s logical to purchase Bitcoin Cash now just to take advantage of getting some free coins. The thing is, those coins aren’t free. The increased volume has created a BCH price hike. You’re essentially paying a premium for the sake of getting a coin who’s future price is unknown. Not to mention the fact that BCH will no doubt see a down turn after the fork. Not to mention the fact that we’re seeing this split in a bear market, a market where people are hungry for any kind of return. In a time when most seasoned traders have scaled back from making risky trades, the volume we’re seeing in BCH preceding this fork is either an indication of improved sentiment, or evidence of traders who are about to learn a hard lesson. If you’re wondering which exchanges have announced they will be supporting the new Bitcoin SV chain, I’ve found the following list:Also, be aware that the BitPay wallet will not support Bitcoin SV. I want to wrap up this video with these thoughts, take a look at the situation like this, the political components, on one side we have Roger Ver with Bitcoin ABC. On the other side there’s Craig Wright and Bitcoin SV. If ever there was a question of whether or not specific individuals, which is the epitome of centralization, have the ability to influence a cryptocurrency, this is it. And quite frankly, the fact that one of these chains will be called “Satoshi’s Vision”, it’s laughable.
Views: 7609 Crypto Tips
Decentralizing the Internet: Golem
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW Cryptocurrency began as a way to change how we think about money. Over the past few years, this radical and innovative new thinking has infiltrated and morphed into a whole lot of other aspects of technology and life as we know it. In this day and age, the internet is a major part of our lives and there are a number of coins and projects who have their sights set on changing how that works too. Ethereum’s Virtual Machine, Shift, Maidsafe, and Golem are a few that are working towards decentralizing the internet, allowing you to monetize your unused computer space and power. Today I’m focusing on Golem. But don’t worry, I’ll be covering the others in videos soon to come. Golem is ranked number 14 on coinmarketcap.com with a price of .51 cents per coin. The total supply of Golem or GNT is capped at 1 billion coins, with the current circulating supply totaling 829 million. The 24 hours volume is around 9.4 million with the market cap totalling 424 billion. https://golem.network/ Golem’s website states it is a global, open sourced, decentralized super computer that anyone can access. It is also a sharing economy of computing power where anyone can make money by renting out their computing power or developing & selling software. Use cases for Golem include: Computer graphics Machine learning, or AI and Cryptography and mining Because Golem uses the Ethereum network, they use an ethereum-based transaction system to clear payments between providers, requestors and software developers Despite being called a pump and dump, which I think every alt coin at one point has been labeled as such, Golem as a cryptocurrency is quite promising. The team behind it has been working constantly to bring their project to life. Right now Golem is in its Alpha stage with a solid team testing the software. Furthermore, the crowd sale for Golem raised a commendable 6.8 million dollars which has since grown over 100million dollars. Golem runs on the Ethereum network with a team consisting of 15 individuals, 9 of which are software engineers, an ethereum engineer, and a p2p engineer and advisor. Golem is open source, meaning you’re free to check out their work on GitHub and see just how actively they are working on their project. Golem has some competition in the form of big name companies, like Amazon, Microsoft and other cloud storage service providers. Golem certainly has an edge with decentralization, and the potential to utilize thousands of computers and data centers to achieve fast, powerful computations, but I think they’ll have to consider how to compete with the other services that these big name companies provide that make them attractive to customers.
Views: 15811 Crypto Tips
Discovering Satoshi: Nick Szabo
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW: Wiki: https://en.wikipedia.org/wiki/Nick_Szabo Twitter: https://twitter.com/NickSzabo4 Nick Szabo Blog: https://unenumerated.blogspot.com/2018/ Interview with Tim Ferris: https://tim.blog/2017/06/04/nick-szabo/ Similar Thoughts, Satoshi and Szabo: https://medium.com/@rextar4444/if-satoshi-nakamoto-and-nick-szabo-have-the-same-unique-argument-does-that-make-it-stronger-8299c32eb4d7 Shelling Out: http://nakamotoinstitute.org/shelling-out/ Logical Emergence of Money from Barter: http://nakamotoinstitute.org/shelling-out/ Byzantine Fault-Tolerace: https://en.wikipedia.org/wiki/Byzantine_fault_tolerance Today’s subject is Nick Szabo. Nick is a polymath, meaning he is an expert in many different subject areas. In his case, he is a computer scientist, economist, and legal scholar and cryptographer. This guy has had quite the foresight with his ideas and things that have ended up coming to fruition in this crypto space. He designed “Bit Gold” about a decade before Bitcoin, which has been called the predecessor for the Bitcoin architecture. Bit gold would have worked so that participants would dedicate computer power to solve cryptographic puzzles and each solution for these puzzles would have served as a part of the next challenge. Sounds a bit like the beginning of a chain to me… These solutions would then be reported to a Byzantine fault-tolerant public register. Byzantine fault tolerance or BFT is a way to organize (in this case) a system of computers to address and defend against the failure of a system. He even created the concept and phrase “smart contracts” way back in 1993 because he had the goal of bringing “highly evolved” practices of contract law together with the design of electronic commerce protocols between strangers on the internet. Now we are seeing the huge growth of the implementation of smart contracts all over this crypto space with Ethereum and ERC20 tokens. As with a number of other individuals I’ve previously covered in this “Discovering Satoshi” series, Nick Szabo has been hounded by people trying to solve the mystery of identifying the anonymous Bitcoin creator who goes by or at the very least, went by Satoshi Nakamoto. Is it really even important anymore to put a face to the name? What should be more important and more highly valued is what was created, not who specifically created it. If you couldn’t tell already, I’m partial to learning more about a whole host of individuals who played a part in the creation and facilitation of this crypto space. Lucky for us, Nick Szabo has a lot of thoughts on things like economics, cryptography and other topics, he’s also a great writer. He’s got a blog that I think is very much worth checking out if you’re interested in expanding your knowledge library. You can find it at unenumerated.blogspot.com. His blog goes really in-depth and there’s a ton of material there for you to check out, he doesn’t post all too often, but when he does, it’s worth it.
Views: 3969 Crypto Tips
When to Buy Bitcoin
 
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Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann Bit.tube: RealCryptoTips Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828d Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW Trace Mayer: https://www.tracemayer.net/ The Mayer Multiple: https://www.theinvestorspodcast.com/bitcoin-mayer-multiple/ Compare Other Pricing Models: https://seekingalpha.com/article/4191353-bitcoin-pricing-models-round-2?page=2?referrer=https://seekingalpha.com Moon Math: https://www.moonmath.win/ Fundstrat: https://www.businessinsider.sg/bitcoin-price-movement-explained-by-one-equation-fundstrat-tom-lee-metcalf-law-network-effect-2017-10/?r=US&IR=T NVT: http://charts.woobull.com/bitcoin-nvt-ratio/ For many people, the first step to being introduced to Bitcoin, I mean really introduced, is by purchasing bitcoin. It doesn’t matter if you are a high roller and purchased an entire bitcoin, or if you only dipped a toe in and purchased something like five or ten dollars worth, the chances are very likely that you mostly cared that your investment would increase over time. The chances are even more likely that you’d prefer that investment to increase in a short amount of time. There’s no doubt that people in this space are desperate to get their hands on any kind of information that will lead to their investments’ increase in value. That being said, here is one tool that could help you get a better idea of when is a good time to buy or sell your bitcoin. There are many pricing models that you can use to determine if bitcoin is over or under priced. I will list them at the end of this video for those of you who are interested. In fact, I encourage you all to research many of them so you can have a well-rounded understanding of how each of them differs and why. For the purposes of this video, and in order to keep this one succinct, I’ll be focusing on the Mayer Multiple. It is a pricing model developed by Trace Mayer. For those who may not know, Trace was one of the first to spread the word about Bitcoin and blockchain technology and continues to be a prominent voice in the space that advocates for monetary sovereignty for all. Trace came up with a method for determining the most beneficial timing for purchasing bitcoin. It’s called the Mayer Multiple and to put it in a very basic way, it’s calculated by dividing the current price of bitcoin by its 200-day moving average. Key factors of the Mayer Multiple to be aware of: * It is affected by the rate of change of the bitcoin price, you can see this when viewing the data for the bitcoin bubbles of 2012 and the most recent pop in 2017. * Uses a 200 DMA- meaning it doesn’t take into account data older than 200 days. * Uses strict TA (technical analysis)- meaning it does not account for outside influences (like Bitcoin ETFs) Many of these types of models reference Metcalfe’s Law. There is a lot to be said and learned from thanks to graphs depicting Metcalfe’s law. This law certainly demonstrates how the network effect has played a role in the price movements of Bitcoin in the past. It’s something that is deserving of your attention as we move forward with this new technology. If this one sparked your interest, I’ve posted links for more information about the Mayer Multiple and along with some other models you should explore. Of course, I can’t make a video about this topic without the friendly reminder that buying and hodling works as well.
Views: 3381 Crypto Tips
Learn About: MetaMask
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW. How To Use MetaMask: The first thing you need to know is that Metamask is designed specifically to be used with the Ethereum Network, this means you can only load it with Ethereum, not ethereum classic or any other cryptos. You can install MetaMask onto your Googe Chrome Browser, and also it’s been added to the list of Firefox add ons. So this means that if you want to use your newly installed MetaMask application, you’ll need to be using the appropriate web browser onto which you’ve installed it. I’ve included a link down in the description that shows you step by step exactly how to install MetaMask, so once you’ve done that you can begin to explore the application. When you open Metamask you’ll be prompted to enter your password, make this a strong password with random upper and lowercase letters and numbers. Also when you first install MetaMask, you’ll notice that it is using a “Test Network” this means you are not currently using the Ethereum Network, you’ll need to switch to the Ethereum Network in order to make transactions that will register onto the Ethereum Network. You will have your first account that you can name whatever you like, you can also create multiple accounts, each of which will have their own public and private keys, so keep that in mind if you are going to use MetaMask to take part in an ICO, you’ll need to remember which account you used to invest in order to one day retrieve those tokens. On your homescreen you’ll see the list of transactions for that account, you can also view more details about all activity from this account by clicking on the “i” icon, which will take you to etherscan.com You can easily copy your public address by clicking on the “copy” icon and you can also get the QR code for your public address by clicking on the “QR code” icon.The “key” icon is what you’ll use to export your private key. If you used Metamask to take part in an ICO and you want to access your new tokens, this is the private key that you’ll need to use on myetherwallet.com Keep in mind that you’ll need to remember which account you used to transfer your ether into the ICO because that will determine which accounts private key you’ll need to retrieve the tokens. You can also load up your MetaMask account by sending your ether to the public address, but MetaMask also gives you the opportunity to purchase ether through coinable, or by making a trade right from shapeshift. You’ll notice that the shapshift options outlines the rate, the maximum and minimum allowed to be traded. And if you want to send Ether from your metamask account just click the send button and fill out the form. This is also the way you send funds for an ICO. They provide the address to which you will send your ETH, and sometimes they will also provide “transaction data” if they do, this is where you’ll put that information. Once you fill out this form you’ll see a window pop up that prompts you to confirm this transaction, now if you try to send funds from metamask and you don’t have enough in your wallet to cover the transaction fees, this is when you’ll find out. MetaMask will let you know you have an insufficient balance and you’ll have to adjust the amount you are trying to send. If you want to track the progress of the transaction, just click on the transaction on your home screen and it will take you to etherscan where you can see the confirmations. Once you’re done you can always lock your account. I’ve used metamask to take part in ICOs and I’ve also used it to make trades on the decentralized exchange etherdelta, and just out of paranoid precaution, I only store the amount of ether that I want to use to invest or trade, I don’t use metamask as a storage option, I use is more as a medium for investing or trading. Cryptocompare walks through installation: https://www.cryptocompare.com/wallets/guides/how-to-use-metamask/ Metamask on Firefox: https://addons.mozilla.org/en-US/firefox/addon/ether-metamask/
Views: 15220 Crypto Tips
CRYPTO UPDATE: Is the Bear Market Ending? | Your Guide for Using: CryptoBridge
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW CryptoBridge Website: https://crypto-bridge.org/ CryptoBridge Exchange: https://wallet.crypto-bridge.org/ CryptoBridge Support: [email protected] CryptoBridge Blog: https://medium.com/@cryptobridge GitHub: https://github.com/CryptoBridge Twitter: https://twitter.com/CryptoBridge 51% Crew Youtube: https://www.youtube.com/channel/UCvQ12D5GqyW1qtM0a3Qpwcw How to Identify Traders Shorting the Market: https://www.youtube.com/watch?v=MvUJeCTUtyM Interview With Todd: https://youtu.be/vWM9OmQ-PbI CryptoBridge is the focus of today’s short and sweet episode. It’s built on the Bitshares blockchain to take advantage of it’s fast and inexpensive transactions but unlike other decentralized exchanges on Bitshares like OpenLedger, CryptoBridge offers far more alt coins. You can see this for yourself when perusing through the list of available coins to trade. In regards to its decentralization, CryptoBridge utilizes a multi-signature federated gateway software. Although this isn’t a completely trustless system, it’s at least a whole lot better than your popular, much more centralized options for exchanges. To create an account here all you need is a username and they provide you with a generated password. They make it a point to remind you over and over as you are setting up an account that this password is your key to your funds on this DEX. If you lose this password, you will lose your funds, they cannot help you gain access to your funds if you don’t have your password. CryptoBridge also has it’s own coin that benefits it’s holders. Much like other exchanges that have its own coin, if you trade with BridgeCoin on CryptoBridge, you’ll save a bunch in fees. Also, if you hold and stake your BCO coins, you’ll receive rewards. The payouts are organized so that 50% of the profits from the exchange are paid out to those who are staking the BCO coin. You can easily set this up for yourself within your account on Cryptobridge and if you have any issues or questions about this process or anything to do with this exchange they give you access to their technical support right on your account. Ok now for what I promised at the beginning of this video, some answers, or at the very least, a very good hint at what’s happening with the prices of cryptocurrencies lately. At this point it looks like shorting the market unfortunately has been more profitable than long positions at least recently. Since the more information you have, the better decisions you make, here’s a trick that can help you better analyze what’s been happening with the markets. So if you want to know how many people have been shorting BTC on Bitfinex, and if you have an account on Bitfinex, there’s a way for you to check out how many traders are shorting the market and how many of these traders are beginning to exit these positions. Of course, I am no fortune telling wizard so I hold no absolute answers as to when this market will turn around, but I wanted to provide you with an additional tool for you to use to determine for yourself what you think the future holds for crypto land. So if any of you are interested in learning more about how to view stats like these, and how to trade cryptocurrencies and you’re looking for a channel that provides great information as well as a host who isn’t afraid to speak his mind, go ahead and check out the YouTube channel: 51% crew, it’s a brand new channel and he’s adding new videos pretty often. Todd Blackburn is a trading machine and has a lot of good insights as to why the market is behaving as it is right now. I also interviewed Todd a little while back so if you want to get to know him a bit better, go ahead and check that one out.
Views: 6635 Crypto Tips
CRYPTO UPDATE! Brock Pierce Removed from EOS?? Google Bans Crypto Ads
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW Good news for those of you who purchased EOS on the exchange Binance, because even though I just made a video showing you how to register your tokens so they are usable when the EOS platform launches, if you’ve got your EOS on an account with Binance, they will be doing all that work for you. I’ve gotta say, even though this one is centralized, at least they tend to make decisions for the benefit of their user base. For example, if you hold any NEO coins on Binance, they will give you the Gas that accrues and is rightfully yours. If you’re holding NEO on Bittrex on the other hand, that exchange is happily raking in everyone’s Gas coins and keeping those coins for themselves. Just because Binance has a track record of doing right by their users, let’s not forget the fact that a the end of the day, as a user, you are still left hoping that they will continue to do so. I’ve started a series on decentralized exchanges. So far I’ve covered IDEX and will be covering a number of other options this week and next if you’re interested in learning more how to take control of your own coins so you don’t have to rely on the trustworthiness and honesty of centralized exchanges. Google has decided to ban ads for cryptocurrencies in addition to ICOs. What will this mean for bloggers and youtubers who like me, dedicate their time to educating and spreading the word about this semi-underground financial freedom movement? I wouldn’t be surprised if long ago Google changed their search engine algorithms so content involving cryptocurrencies are less visible. But my friend Randy Hilarski, he’s a wizard with social media, brought up a great point today as well. He pointed out that even though these ads are gone, it doesn’t at all take away the legitimacy of what we’re doing here. If anything it removes the bull crap and makes more room for real people creating real content to be found by real individuals looking for real answers and information. If you are a content creator or if you’re still worried about what this could mean for the future of this industry, fear not! Because there are plenty of other platforms that now use blockchain technology to ensure the immutability of content. Platforms like: Steemit.com, d.tube, LBRY.io, and soon to come, Civil: joincivil.com and I’m sure there are more that I have yet to learn about. EOS drama with Brock Pierce: Yes, Brock Pierce has a bit of a questionably shady past. Back in 1999 there were rumors of sexual abuse but he was never charged with a crime. Yes, this kind of history is the sort that will continue to haunt him. But that being said, you can’t deny the work and dedication he’s put forth for the benefit of the crypto community. He’s had numerous appearances with huge media outlets and he’s always emphasizing the bigger picture and possibilities that crypto can unleash for all of humanity. Unfortunately for Brock, thanks to a show on Comedy Central that aired a couple days ago, his past seems to be coming back to haunt him. Thanks to the huge audience and a flurry of new google searches for Brock and his past, it looks like block.one and the team behind EOS might be turning their backs on him. They’ve since edited all youtube videos to remove Brock from their channel and website also. Unless we get the full story and can understand the details as to why they made this decision, we’re left wondering if block.one is more worried about appearances than defending a man who has had blockchain’s back since day one, or if they knew about his past and now that it’s public knowledge they are retracing to save face. At this point we’re looking at a situation where one set of rumors has led to more speculation and distrust. Keep an eye out for an explanation from block.one as to why they decided to cut him out.
Views: 11591 Crypto Tips
Storing ERC20 Tokens For Dummies
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW: etherscan.io ethplorer.io myetherwallet.com mycrypto.com New EIP: https://github.com/ethereum/EIPs/issues/223
Views: 3466 Crypto Tips
Could This Be the Ultimate DEX? Buy BTC/ETH/Dash with USD/EURO/CAD... and More.
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW Website: https://bisq.io Website II: https://bisq.network Community Links: https://bisq.network/community/ FAQ: https://bisq.network/faq/#1 Bisq is a decentralized exchange that does not use a website as it’s interface, instead you’ll need to download the app, or if you’re feeling fancy you can build your own app yourself using the source code they provide. Bisq uses the Tor network to connect to the Bitcoin Mainnet. You should take a look around this app once it’s installed and get a feel for the layout. Once you make your way to your account tab, this is where you’ll need to be prepared to backup your Bisq account with a USB drive and also encrypt your seed words using a strong password. Write your seed words down on a piece of paper and keep them safe along with that USB drive you’re using to back up your account. The Bisq app itself does a good job of reminding you what you should do to encrypt your seed words and backing up your account so if you follow their instructions you’ll be fine. Now that your account is all squared away let’s explore the markets. Bisq has a number of base cryptocurrencies and national currencies you can choose to trade with and there’s also a long list of alt coins to choose from to trade with these base currencies. You can choose to fill an order that someone else has put out, or you can create your own and wait for it to get filled. When it comes to trading with your national currency, you’ll be able to fill another person’s trade only if you are also using the same type of account to fund the trade, for example, you’ll both need to be using a Venmo account, or Chase Quick Pay. If you don’t see an order that matches with your own account type, you’ll need to create an order of your own. If you want to connect an account to use to purchase cryptocurrencies with your national currency, there’s plenty of choices here. It’s important to note that the information you provide for trading these national currencies, like your name and email will be shared with whoever you are matched to trade with. This information is stored locally on your computer so Bisq itself does not have access to it. You’ll also notice that there will be a limit placed on the value of your trades, this is to protect against chargebacks from your national currency account type. As your account ages, this limit will increase. However, there is not a limit on how many trades you can do.
Views: 4948 Crypto Tips
What You Should Know About Nodes- Bitcoin & Dash
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW The crypto community likes to debate whether proof of work mining (POW) or proof of stake mining (POS) should reign supreme. But the thing about mining is that it isn’t the only technology that keeps the crypto machine working. Although the miners sequence the transactions into a block, it is the nodes that determine if the transactions themselves are valid and follow the consensus rules. Why would you want to run a node? Running your own Full node means you no longer have to ask someone else if the transaction went through, if it was valid. You now have an authoritative record of your own that answers that question. And here are a couple other reasons why running your own node is beneficial. It gives you a choice in the event of a hard fork: In the possible event of a hard fork where both blockchains remain active with economic activity on each side like the one in Ethereum/Ethereum Classic, running a full node is the only way you can validate the rules of the new or old blockchain, according to your preference. It increases your level of privacy: Using a centralized, lightweight or even SPV wallet will never be as private as running a full node. Since you rely on third-party servers to broadcast your transactions for you, those servers will be aware of which addresses belong to you. You may have noticed that I have not mentioned any type of monetary reward or incentive for running a full node. Even though Bitcoin has not organized a plan to compensate users who run full nodes yet, Dash has. Unlike Bitcoin which does not require a set amount of it’s coins to be used as collateral in order to qualify as a full node, Dash requires you to have 1000 of it’s coins to qualify for a master node, in return, Dash allocates 47.5% of it’s block reward to go to it’s masternodes. The 1000 dash coins remain in the persons possession, there is no need for you to transfer your private keys, and at any time you can remove yourself from the master node by reclaiming your collateral of the 1000 dash. The dash master node does more than just verify transactions, they also coordinate the mixing of coins and participate in voting for budget funding. Bottom line is this, if you truly value this epic thing that is decentralized cryptocurrency and you’re looking for a way to be a part of the movement, consider getting involved by running your own node. Be sure to check out the description of this video for additional links and information regarding what you’ll need to set up a node. Additional info/ Sources: What is a node? https://bitcoin.org/en/full-node#what-is-a-full-node Why run a node? http://bitcoinist.com/6-reasons-run-bitcoin-full-node/ & https://news.bitcoin.com/full-bitcoin-nodes-get-rewarded-like-miners/ Andreas Antonopoulos Explains Nodes: https://www.youtube.com/watch?v=fNk7nYxTOyQ How to Run a Bitcoin Node: https://btcmanager.com/hold-bitcoin-return-the-favor-by-running-a-node/ Actual cost of running a full node: https://www.reddit.com/r/btc/comments/5i5zez/how_much_does_running_a_full_node_actually_cost/ Coindesk Article: http://www.coindesk.com/bitcoin-nodes-need/ Earn Money with a Dash Masternode: https://www.dash.org/news/earn-passive-income-running-dash-masternode-raspberry-pi/ Learn more about dash masternodes: https://www.dash.org/masternodes2/
Views: 21807 Crypto Tips