Dear Groestlers, it goes without saying that 2020 has been a difficult time for millions of people worldwide. The groestlcoin team would like to take this opportunity to wish everyone our best to everyone coping with the direct and indirect effects of COVID-19. Let it bring out the best in us all and show that collectively, we can conquer anything. The centralised banks and our national governments are facing unprecedented times with interest rates worldwide dropping to record lows in places. Rest assured that this can only strengthen the fundamentals of all decentralised cryptocurrencies and the vision that was seeded with Satoshi's Bitcoin whitepaper over 10 years ago. Despite everything that has been thrown at us this year, the show must go on and the team will still progress and advance to continue the momentum that we have developed over the past 6 years. In addition to this, we'd like to remind you all that this is Groestlcoin's 6th Birthday release! In terms of price there have been some crazy highs and lows over the years (with highs of around $2.60 and lows of $0.000077!), but in terms of value– Groestlcoin just keeps getting more valuable! In these uncertain times, one thing remains clear – Groestlcoin will keep going and keep innovating regardless. On with what has been worked on and completed over the past few months.
UPDATED - Groestlcoin Core 2.18.2
This is a major release of Groestlcoin Core with many protocol level improvements and code optimizations, featuring the technical equivalent of Bitcoin v0.18.2 but with Groestlcoin-specific patches. On a general level, most of what is new is a new 'Groestlcoin-wallet' tool which is now distributed alongside Groestlcoin Core's other executables. NOTE: The 'Account' API has been removed from this version which was typically used in some tip bots. Please ensure you check the release notes from 2.17.2 for details on replacing this functionality.
Builds are now done through Gitian
Calls to getblocktemplate will fail if the segwit rule is not specified. Calling getblocktemplate without segwit specified is almost certainly a misconfiguration since doing so results in lower rewards for the miner. Failed calls will produce an error message describing how to enable the segwit rule.
A warning is printed if an unrecognized section name is used in the configuration file. Recognized sections are [test], [main], and [regtest].
Four new options are available for configuring the maximum number of messages that ZMQ will queue in memory (the "high water mark") before dropping additional messages. The default value is 1,000, the same as was used for previous releases.
The rpcallowip option can no longer be used to automatically listen on all network interfaces. Instead, the rpcbind parameter must be used to specify the IP addresses to listen on. Listening for RPC commands over a public network connection is insecure and should be disabled, so a warning is now printed if a user selects such a configuration. If you need to expose RPC in order to use a tool like Docker, ensure you only bind RPC to your localhost, e.g. docker run [...] -p 127.0.0.1:1441:1441 (this is an extra :1441 over the normal Docker port specification).
The rpcpassword option now causes a startup error if the password set in the configuration file contains a hash character (#), as it's ambiguous whether the hash character is meant for the password or as a comment.
The whitelistforcerelay option is used to relay transactions from whitelisted peers even when not accepted to the mempool. This option now defaults to being off, so that changes in policy and disconnect/ban behavior will not cause a node that is whitelisting another to be dropped by peers.
A new short about the JSON-RPC interface describes cases where the results of anRPC might contain inconsistencies between data sourced from differentsubsystems, such as wallet state and mempool state.
A new document introduces Groestlcoin Core's BIP174 interface, which is used to allow multiple programs to collaboratively work to create, sign, and broadcast new transactions. This is useful for offline (cold storage) wallets, multisig wallets, coinjoin implementations, and many other cases where two or more programs need to interact to generate a complete transaction.
The output script descriptor (https://github.com/groestlcoin/groestlcoin/blob/mastedoc/descriptors.md) documentation has been updated with information about new features in this still-developing language for describing the output scripts that a wallet or other program wants to receive notifications for, such as which addresses it wants to know received payments. The language is currently used in multiple new and updated RPCs described in these release notes and is expected to be adapted to other RPCs and to the underlying wallet structure.
A new --disable-bip70 option may be passed to ./configure to prevent Groestlcoin-Qt from being built with support for the BIP70 payment protocol or from linking libssl. As the payment protocol has exposed Groestlcoin Core to libssl vulnerabilities in the past, builders who don't need BIP70 support are encouraged to use this option to reduce their exposure to future vulnerabilities.
The minimum required version of Qt (when building the GUI) has been increased from 5.2 to 5.5.1 (the depends system provides 5.9.7)
getnodeaddresses returns peer addresses known to this node. It may be used to find nodes to connect to without using a DNS seeder.
listwalletdir returns a list of wallets in the wallet directory (either the default wallet directory or the directory configured bythe -walletdir parameter).
getrpcinfo returns runtime details of the RPC server. Currently, it returns an array of the currently active commands and how long they've been running.
deriveaddresses returns one or more addresses corresponding to an output descriptor.
getdescriptorinfo accepts a descriptor and returns information aboutit, including its computed checksum.
joinpsbts merges multiple distinct PSBTs into a single PSBT. The multiple PSBTs must have different inputs. The resulting PSBT will contain every input and output from all the PSBTs. Any signatures provided in any of the PSBTs will be dropped.
analyzepsbt examines a PSBT and provides information about what the PSBT contains and the next steps that need to be taken in order to complete the transaction. For each input of a PSBT, analyze psbt provides information about what information is missing for that input, including whether a UTXO needs to be provided, what pubkeys still need to be provided, which scripts need to be provided, and what signatures are still needed. Every input will also list which role is needed to complete that input, and analyzepsbt will also list the next role in general needed to complete the PSBT. analyzepsbt will also provide the estimated fee rate and estimated virtual size of the completed transaction if it has enough information to do so.
utxoupdatepsbt searches the set of Unspent Transaction Outputs (UTXOs) to find the outputs being spent by the partial transaction. PSBTs need to have the UTXOs being spent to be provided because the signing algorithm requires information from the UTXO being spent. For segwit inputs, only the UTXO itself is necessary. For non-segwit outputs, the entire previous transaction is needed so that signers can be sure that they are signing the correct thing. Unfortunately, because the UTXO set only contains UTXOs and not full transactions, utxoupdatepsbt will only add the UTXO for segwit inputs.
getpeerinfo now returns an additional minfeefilter field set to the peer's BIP133 fee filter. You can use this to detect that you have peers that are willing to accept transactions below the default minimum relay fee.
The mempool RPCs, such as getrawmempool with verbose=true, now return an additional "bip125-replaceable" value indicating whether thetransaction (or its unconfirmed ancestors) opts-in to asking nodes and miners to replace it with a higher-feerate transaction spending any of the same inputs.
settxfee previously silently ignored attempts to set the fee below the allowed minimums. It now prints a warning. The special value of"0" may still be used to request the minimum value.
getaddressinfo now provides an ischange field indicating whether the wallet used the address in a change output.
importmulti has been updated to support P2WSH, P2WPKH, P2SH-P2WPKH, and P2SH-P2WSH. Requests for P2WSH and P2SH-P2WSH accept an additional witnessscript parameter.
importmulti now returns an additional warnings field for each request with an array of strings explaining when fields are being ignored or are inconsistent, if there are any.
getaddressinfo now returns an additional solvable Boolean field when Groestlcoin Core knows enough about the address's scriptPubKey, optional redeemScript, and optional witnessScript for the wallet to be able to generate an unsigned input spending funds sent to that address.
The getaddressinfo, listunspent, and scantxoutset RPCs now return an additional desc field that contains an output descriptor containing all key paths and signing information for the address (except for the private key). The desc field is only returned for getaddressinfo and listunspent when the address is solvable.
importprivkey will preserve previously-set labels for addresses or public keys corresponding to the private key being imported. For example, if you imported a watch-only address with the label "coldwallet" in earlier releases of Groestlcoin Core, subsequently importing the private key would default to resetting the address's label to the default empty-string label (""). In this release, the previous label of "cold wallet" will be retained. If you optionally specify any label besides the default when calling importprivkey, the new label will be applied to the address.
getmininginfo now omits currentblockweight and currentblocktx when a block was never assembled via RPC on this node.
The getrawtransaction RPC & REST endpoints no longer check the unspent UTXO set for a transaction. The remaining behaviors are as follows:
If a blockhash is provided, check the corresponding block.
If no blockhash is provided, check the mempool.
If no blockhash is provided but txindex is enabled, also check txindex.
unloadwallet is now synchronous, meaning it will not return until the wallet is fully unloaded.
importmulti now supports importing of addresses from descriptors. A desc parameter can be provided instead of the "scriptPubKey" in are quest, as well as an optional range for ranged descriptors to specify the start and end of the range to import. Descriptors with key origin information imported through importmulti will have their key origin information stored in the wallet for use with creating PSBTs.
listunspent has been modified so that it also returns witnessScript, the witness script in the case of a P2WSH orP2SH-P2WSH output.
createwallet now has an optional blank argument that can be used to create a blank wallet. Blank wallets do not have any keys or HDseed. They cannot be opened in software older than 2.18.2. Once a blank wallet has a HD seed set (by using sethdseed) or private keys, scripts, addresses, and other watch only things have been imported, the wallet is no longer blank and can be opened in 2.17.2. Encrypting a blank wallet will also set a HD seed for it.
signrawtransaction is removed after being deprecated and hidden behind a special configuration option in version 2.17.2.
The 'account' API is removed after being deprecated in v2.17.2 The 'label' API was introduced in v2.17.2 as a replacement for accounts. See the release notes from v2.17.2 for a full description of the changes from the 'account' API to the 'label' API.
addwitnessaddress is removed after being deprecated in version 2.16.0.
generate is deprecated and will be fully removed in a subsequent major version. This RPC is only used for testing, but its implementation reached across multiple subsystems (wallet and mining), so it is being deprecated to simplify the wallet-node interface. Projects that are using generate for testing purposes should transition to using the generatetoaddress RPC, which does not require or use the wallet component. Calling generatetoaddress with an address returned by the getnewaddress RPC gives the same functionality as the old generate RPC. To continue using generate in this version, restart groestlcoind with the -deprecatedrpc=generate configuration option.
Be reminded that parts of the validateaddress command have been deprecated and moved to getaddressinfo. The following deprecated fields have moved to getaddressinfo: ismine, iswatchonly,script, hex, pubkeys, sigsrequired, pubkey, embedded,iscompressed, label, timestamp, hdkeypath, hdmasterkeyid.
The addresses field has been removed from the validateaddressand getaddressinfo RPC methods. This field was confusing since it referred to public keys using their P2PKH address. Clients should use the embedded.address field for P2SH or P2WSH wrapped addresses, and pubkeys for inspecting multisig participants.
A new /rest/blockhashbyheight/ endpoint is added for fetching the hash of the block in the current best blockchain based on its height (how many blocks it is after the Genesis Block).
A new Window menu is added alongside the existing File, Settings, and Help menus. Several items from the other menus that opened new windows have been moved to this new Window menu.
In the Send tab, the checkbox for "pay only the required fee" has been removed. Instead, the user can simply decrease the value in the Custom Fee rate field all the way down to the node's configured minimumrelay fee.
In the Overview tab, the watch-only balance will be the only balance shown if the wallet was created using the createwallet RPC and thedisable_private_keys parameter was set to true.
The launch-on-startup option is no longer available on macOS if compiled with macosx min version greater than 10.11 (useCXXFLAGS="-mmacosx-version-min=10.11" CFLAGS="-mmacosx-version-min=10.11" for setting the deployment sdkversion)
A new groestlcoin-wallet tool is now distributed alongside Groestlcoin Core's other executables. Without needing to use any RPCs, this tool can currently create a new wallet file or display some basic information about an existing wallet, such as whether the wallet is encrypted, whether it uses an HD seed, how many transactions it contains, and how many address book entries it has.
Since version 2.16.0, Groestlcoin Core's built-in wallet has defaulted to generating P2SH-wrapped segwit addresses when users want to receive payments. These addresses are backwards compatible with all widely used software. Starting with Groestlcoin Core 2.20.1 (expected about a year after 2.18.2), Groestlcoin Core will default to native segwitaddresses (bech32) that provide additional fee savings and other benefits. Currently, many wallets and services already support sending to bech32 addresses, and if the Groestlcoin Core project sees enough additional adoption, it will instead default to bech32 receiving addresses in Groestlcoin Core 2.19.1. P2SH-wrapped segwit addresses will continue to be provided if the user requests them in the GUI or by RPC, and anyone who doesn't want the update will be able to configure their default address type. (Similarly, pioneering users who want to change their default now may set the addresstype=bech32 configuration option in any Groestlcoin Core release from 2.16.0 up.)
BIP 61 reject messages are now deprecated. Reject messages have no use case on the P2P network and are only logged for debugging by most network nodes. Furthermore, they increase bandwidth and can be harmful for privacy and security. It has been possible to disable BIP 61 messages since v2.17.2 with the -enablebip61=0 option. BIP 61 messages will be disabled by default in a future version, before being removed entirely.
The submitblock RPC previously returned the reason a rejected block was invalid the first time it processed that block but returned a generic "duplicate" rejection message on subsequent occasions it processed the same block. It now always returns the fundamental reason for rejecting an invalid block and only returns "duplicate" for valid blocks it has already accepted.
A new submitheader RPC allows submitting block headers independently from their block. This is likely only useful for testing.
The signrawtransactionwithkey and signrawtransactionwithwallet RPCs have been modified so that they also optionally accept a witnessScript, the witness script in the case of a P2WSH orP2SH-P2WSH output. This is compatible with the change to listunspent.
For the walletprocesspsbt and walletcreatefundedpsbt RPCs, if thebip32derivs parameter is set to true but the key metadata for a public key has not been updated yet, then that key will have a derivation path as if it were just an independent key (i.e. no derivation path and its master fingerprint is itself).
The -usehd configuration option was removed in version 2.16.0 From that version onwards, all new wallets created are hierarchical deterministic wallets. This release makes specifying -usehd an invalid configuration option.
This release allows peers that your node automatically disconnected for misbehaviour (e.g. sending invalid data) to reconnect to your node if you have unused incoming connection slots. If your slots fill up, a misbehaving node will be disconnected to make room for nodes without a history of problems (unless the misbehaving node helps your node in some other way, such as by connecting to a part of the Internet from which you don't have many other peers). Previously, Groestlcoin Core banned the IP addresses of misbehaving peers for a period (default of 1 day); this was easily circumvented by attackers with multiple IP addresses. If you manually ban a peer, such as by using the setban RPC, all connections from that peer will still be rejected.
The key metadata will need to be upgraded the first time that the HDseed is available. For unencrypted wallets this will occur on wallet loading. For encrypted wallets this will occur the first time the wallet is unlocked.
Newly encrypted wallets will no longer require restarting the software. Instead such wallets will be completely unloaded and reloaded to achieve the same effect.
A sub-project of Bitcoin Core now provides Hardware Wallet Interaction (HWI) scripts that allow command-line users to use several popular hardware key management devices with Groestlcoin Core. See their project page for details.
This release changes the Random Number Generator (RNG) used from OpenSSL to Groestlcoin Core's own implementation, although entropy gathered by Groestlcoin Core is fed out to OpenSSL and then read back in when the program needs strong randomness. This moves Groestlcoin Core a little closer to no longer needing to depend on OpenSSL, a dependency that has caused security issues in the past. The new implementation gathers entropy from multiple sources, including from hardware supporting the rdseed CPU instruction.
On macOS, Groestlcoin Core now opts out of application CPU throttling ("app nap") during initial blockchain download, when catching up from over 100 blocks behind the current chain tip, or when reindexing chain data. This helps prevent these operations from taking an excessively long time because the operating system is attempting to conserve power.
How to Upgrade?
Windows If you are running an older version, shut it down. Wait until it has completely shut down (which might take a few minutes for older versions), then run the installer. OSX If you are running an older version, shut it down. Wait until it has completely shut down (which might take a few minutes for older versions), run the dmg and drag Groestlcoin Core to Applications. Ubuntu http://groestlcoin.org/forum/index.php?topic=441.0
ALL NEW - Groestlcoin Moonshine iOS/Android Wallet
Built with React Native, Moonshine utilizes Electrum-GRS's JSON-RPC methods to interact with the Groestlcoin network. GRS Moonshine's intended use is as a hot wallet. Meaning, your keys are only as safe as the device you install this wallet on. As with any hot wallet, please ensure that you keep only a small, responsible amount of Groestlcoin on it at any given time.
Groestlcoin Mainnet & Testnet supported
Multiple wallet support
Electrum - Support for both random and custom peers
Biometric + Pin authentication
Custom fee selection
Import mnemonic phrases via manual entry or scanning
BIP39 Passphrase functionality
Support for Segwit-compatible & legacy addresses in settings
Support individual private key sweeping
UTXO blacklisting - Accessible via the Transaction Detail view, this allows users to blacklist any utxo that they do not wish to include in their list of available utxo's when sending transactions. Blacklisting a utxo excludes its amount from the wallet's total balance.
Ability to Sign & Verify Messages
Support BitID for password-free authentication
Coin Control - This can be accessed from the Send Transaction view and basically allows users to select from a list of available UTXO's to include in their transaction.
HODL GRS connects directly to the Groestlcoin network using SPV mode and doesn't rely on servers that can be hacked or disabled. HODL GRS utilizes AES hardware encryption, app sandboxing, and the latest security features to protect users from malware, browser security holes, and even physical theft. Private keys are stored only in the secure enclave of the user's phone, inaccessible to anyone other than the user. Simplicity and ease-of-use is the core design principle of HODL GRS. A simple recovery phrase (which we call a Backup Recovery Key) is all that is needed to restore the user's wallet if they ever lose or replace their device. HODL GRS is deterministic, which means the user's balance and transaction history can be recovered just from the backup recovery key.
Simplified payment verification for fast mobile performance
Groestlcoin Seed Savior is a tool for recovering BIP39 seed phrases. This tool is meant to help users with recovering a slightly incorrect Groestlcoin mnemonic phrase (AKA backup or seed). You can enter an existing BIP39 mnemonic and get derived addresses in various formats. To find out if one of the suggested addresses is the right one, you can click on the suggested address to check the address' transaction history on a block explorer.
If a word is wrong, the tool will try to suggest the closest option.
If a word is missing or unknown, please type "?" instead and the tool will find all relevant options.
NOTE: NVidia GPU or any CPU only. AMD graphics cards will not work with this address generator. VanitySearch is a command-line Segwit-capable vanity Groestlcoin address generator. Add unique flair when you tell people to send Groestlcoin. Alternatively, VanitySearch can be used to generate random addresses offline. If you're tired of the random, cryptic addresses generated by regular groestlcoin clients, then VanitySearch is the right choice for you to create a more personalized address. VanitySearch is a groestlcoin address prefix finder. If you want to generate safe private keys, use the -s option to enter your passphrase which will be used for generating a base key as for BIP38 standard (VanitySearch.exe -s "My PassPhrase" FXPref). You can also use VanitySearch.exe -ps "My PassPhrase" which will add a crypto secure seed to your passphrase. VanitySearch may not compute a good grid size for your GPU, so try different values using -g option in order to get the best performances. If you want to use GPUs and CPUs together, you may have best performances by keeping one CPU core for handling GPU(s)/CPU exchanges (use -t option to set the number of CPU threads).
Fixed size arithmetic
Fast Modular Inversion (Delayed Right Shift 62 bits)
SecpK1 Fast modular multiplication (2 steps folding 512bits to 256bits using 64 bits digits)
Use some properties of elliptic curve to generate more keys
SSE Secure Hash Algorithm SHA256 and RIPEMD160 (CPU)
Groestlcoin EasyVanity 2020 is a windows app built from the ground-up and makes it easier than ever before to create your very own bespoke bech32 address(es) when whilst not connected to the internet. If you're tired of the random, cryptic bech32 addresses generated by regular Groestlcoin clients, then Groestlcoin EasyVanity2020 is the right choice for you to create a more personalised bech32 address. This 2020 version uses the new VanitySearch to generate not only legacy addresses (F prefix) but also Bech32 addresses (grs1 prefix).
Ability to continue finding keys after first one is found
Includes warning on start-up if connected to the internet
Ability to output keys to a text file (And shows button to open that directory)
Show and hide the private key with a simple toggle switch
Show full output of commands
Ability to choose between Processor (CPU) and Graphics Card (GPU) ( NVidia ONLY! )
Features both a Light and Dark Material Design-Style Themes
Free software - MIT. Anyone can audit the code.
Written in C# - The code is short, and easy to review.
Groestlcoin WPF is an alternative full node client with optional lightweight 'thin-client' mode based on WPF. Windows Presentation Foundation (WPF) is one of Microsoft's latest approaches to a GUI framework, used with the .NET framework. Its main advantages over the original Groestlcoin client include support for exporting blockchain.dat and including a lite wallet mode. This wallet was previously deprecated but has been brought back to life with modern standards.
Works via TOR or SOCKS5 proxy
Can use bootstrap.dat format as blockchain database
Import/Export blockchain to/from bootstrap.dat
Import wallet.dat from Groestlcoin-qt wallet
Export wallet to wallet.dat
Use both groestlcoin-wpf and groestlcoin-qt with the same addresses in parallel. When you send money from one program, the transaction will automatically be visible on the other wallet.
Rescan blockchain with a simple mouse click
Works as a full node and listens to port 1331 (listening port can be changed)
Fast Block verifying, parallel processing on multi-core CPUs
Mine Groestlcoins with your CPU by a simple mouse click
All private keys are kept encrypted on your local machine (or on a USB stick)
Lite - Has a lightweight "thin client" mode which does not require a new user to download the entire Groestlcoin chain and store it
Free and decentralised - Open Source under GNU license
Fixed Import/Export to wallet.dat
Rescan wallet option
Change wallet password option
Address type and Change type options through *.conf file
Import from bootstrap.dat - It is a flat, binary file containing Groestlcoin blockchain data, from the genesis block through a recent height. All versions automatically validate and import the file "grs.bootstrap.dat" in the GRS directory. Grs.bootstrap.dat is compatible with Qt wallet. GroestlCoin-Qt can load from it.
In Full mode file %APPDATA%\Groestlcoin-WPF\GRS\GRS.bootstrap.dat is full blockchain in standard bootstrap.dat format and can be used with other clients.
Groestlcoin Electrum Personal Server aims to make using Electrum Groestlcoin wallet more secure and more private. It makes it easy to connect your Electrum-GRS wallet to your own full node. It is an implementation of the Electrum-grs server protocol which fulfils the specific need of using the Electrum-grs wallet backed by a full node, but without the heavyweight server backend, for a single user. It allows the user to benefit from all Groestlcoin Core's resource-saving features like pruning, blocks only and disabled txindex. All Electrum-GRS's feature-richness like hardware wallet integration, multi-signature wallets, offline signing, seed recovery phrases, coin control and so on can still be used, but connected only to the user's own full node. Full node wallets are important in Groestlcoin because they are a big part of what makes the system be trust-less. No longer do people have to trust a financial institution like a bank or PayPal, they can run software on their own computers. If Groestlcoin is digital gold, then a full node wallet is your own personal goldsmith who checks for you that received payments are genuine. Full node wallets are also important for privacy. Using Electrum-GRS under default configuration requires it to send (hashes of) all your Groestlcoin addresses to some server. That server can then easily spy on your transactions. Full node wallets like Groestlcoin Electrum Personal Server would download the entire blockchain and scan it for the user's own addresses, and therefore don't reveal to anyone else which Groestlcoin addresses they are interested in. Groestlcoin Electrum Personal Server can also broadcast transactions through Tor which improves privacy by resisting traffic analysis for broadcasted transactions which can link the IP address of the user to the transaction. If enabled this would happen transparently whenever the user simply clicks "Send" on a transaction in Electrum-grs wallet. Note: Currently Groestlcoin Electrum Personal Server can only accept one connection at a time.
Use your own node
Uses less CPU and RAM than ElectrumX
Used intermittently rather than needing to be always-on
Doesn't require an index of every Groestlcoin address ever used like on ElectrumX
UPDATED – Android Wallet 7.38.1 - Main Net + Test Net
The app allows you to send and receive Groestlcoin on your device using QR codes and URI links. When using this app, please back up your wallet and email them to yourself! This will save your wallet in a password protected file. Then your coins can be retrieved even if you lose your phone.
Add confidence messages, helping users to understand the confidence state of their payments.
Handle edge case when restoring via an external app.
Count devices with a memory class of 128 MB as low ram.
Introduce dark mode on Android 10 devices.
Reduce memory usage of PIN-protected wallets.
Tapping on the app's version will reveal a checksum of the APK that was installed.
Fix issue with confirmation of transactions that empty your wallet.
Groestlcoin Sentinel is a great solution for anyone who wants the convenience and utility of a hot wallet for receiving payments directly into their cold storage (or hardware wallets). Sentinel accepts XPUB's, YPUB'S, ZPUB's and individual Groestlcoin address. Once added you will be able to view balances, view transactions, and (in the case of XPUB's, YPUB's and ZPUB's) deterministically generate addresses for that wallet. Groestlcoin Sentinel is a fork of Groestlcoin Samourai Wallet with all spending and transaction building code removed.
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If at this point you are unsure, I'll advise you to stop reading this email now, ignore it and not reply so no more time is wasted cause this is going nowhere if you are not truly submissive. If you have kept on reading and sure you are submissive then we can move forward and proceed. I expect you to always be honest with me to be my slave, respecting me goes without saying slave you must always remember that you are the slave always in this relationship, therefore, I make all the decisions in this dynamic and you must always refer to me as MISTRESS. Like I previously pointed out and am sure by now you know that for this to work on any level you have to be submissive not playing at it. You will be dominated and toyed with by me for both our pleasures and the full spectrum of BDSM which may include, ass worship, anal penetration (mine), physical humiliation, psychical punishment (yours), forced masturbation, as long as its within your boundaries,you will be punished accordingly if you fail to attain my goals of you pleasing me. I will have variations of cute names that I will call you such as slut pie, sex slut you will answer to these names when I call you. Anything public is of limits for me slave, I value my privacy very much, this means that all our plays will only be behind closed doors to assure maximum discretion, at no point will I send you any nude pictures of me via any medium even after our sessions have started. I hope you are insatiable as I am and ready to go on for long hours to please me, slave. During our plays protection will be paramount until such a time that you can show me that you are clean, safe and disease free as I am. For now, you are under a period of evaluation that will help me to determine if you are suitable to be my slave in the long term cause that's my ultimate goal. Since we have established that you are indeed submissive I don't envisage any problems with making you my slave and that process can start after you have replied this email. Your Mistress Ann. Me: Yes Mistress. Her: Excellent my slave, I'll like to start with knowing your name. Mistress Ann. Me: I give her my nickname Her: I am a mature and sexy 36-year-old woman, divorced and originally from Germany. I came over here 5 years ago back when I was still married to my husband. I was married for 4 years and divorced for 2.My whole life is here now a slave and am looking forward to making you a part of it. I don't know the caliber of women you have come across in your life but there is none in my class. I have been an active player in this lifestyle for a while and know what am doing, of course, you are welcomed to make your thoughts known if you think they are contrary to mine but with respect, remember you are the slave always. I am a bisexual domme with experience of unparalleled domination and alluring control. I want to make you my slave with my understanding of the Psychological and Physical aspects of this lifestyle. I am strict when the occasions call for it and sensual and provocative when I choose to be. I am quite generous and you have to be as well to be my slave. Like I emphasized in my previous email we are moving ahead because I am sure by now you know for sure that you are submissive that this is definitely for you, so you won't have any problems relinquishing control to me slave? I can be free early in the day or late in the evening depending on my workload, I can work around your availability as well, let me know what times you think are best for you my slave. I want to start spending time with you ASAP slave, am ready to meet and start training you, you do however have to satisfy all of my criteria to be my acceptable slave slut and this you will know in due time my slut, its a short process that you must go through. At least we should be able to have at least a session together within a 2 week period, we will be able to manage this more effectively after a couple of sessions together. Training will be at my place for straight up sessions, we met on a sex site we both know that our aim is sexual gratification, so there will be no wining and dining just making our fantasies and desires a reality. My fantasies and desires are more "BD" and very much less of "SM".So there will be no sadistic intentions towards you my slave. There will be more of role-playing and playing with sensual toys and accessories my slave, am familiar with almost every scenario of role-playing my slut, just keep in mind my slut whatever role we are playing Sexy professor and student, Sexy nurse, and patient whatever it is am always in control. I am a mistress with little limits, dominant very strict and caring, I have been a mistress for a pretty long time, as a lifestyle choice and I have experienced almost every fetish, either with slaves that I have owned myself or at fetish parties with my other dommes friends. However, I would love to know your limits so it can help me in molding you to be my perfect slave. I live in Oakland, so planning for our sessions with being easier and less stressful. We live in close proximity to each other we can have short sessions of about 2-3 hours at regular intervals. I have further instructions for you.I'm dead serious about being the ONLY mistress you can have other filings(non-dominant girlfriend/wife) but I must be your only mistress, when you are with me, I want your full attention if you are going to be the slave for me I hope you are, if by now you still have others(dominant women), I want you to get rid of them and that is my first order to you and it requires your maximum obedience. Your second task is to send decent pictures of yourself to me in your next email no dick pics slave, I want to see what you look like and reply with more details about you using my email as a source of inspiration. Your Mistress Ann. (she sent me pictures of herself in lingerie as well at this point) Me: Mistress, I am ready to submit and be your slave. I am a 29 year old single man, never married and no significant women in my life currently. I am 5'8" tall and have a fit/athletic build. I have never had a mistress before and I look forward to being your slave. I trust you and only you to be my mistress. I think its admirable that you are so true to yourself and know who you are and what you want. I am happy to serve you and be a part of that vision. My schedule shifts from week to week, there are times when I am very busy or out of town and other times when I am free. Later in the evening/night can work for me more consistently, however morning may also be open depending on the day. If I am in town weekends are generally open and available. This we can work out on a session to session basis and I will do my utmost best to conform to your preference. I would also like to start ASAP. I am okay with the frequency of at least 1 session every 2 weeks, however I am open to increasing this as you train me to be your slave. This can start as soon as tomorrow(Sunday 5/5). I will be unavailable from 5/8-5/13 as I will be out of town. In terms of my limits, I am fairly open to most things on the "BD" side of things. I feel as you train me and our relationship as mistress and slave grows that my hard and soft limits will become more clear as I gain understanding of how I will be serving you and what types of things we will be doing. One hard limit I have currently is not overextending my right shoulder backwards as I recently injured it and it is in the later stages of healing. This should not be a problem after a few more weeks. In terms of the "SM" side of things, you have already mentioned that this will be limited given your desires for me as your slave. That being said I am not comfortable with severe physical abuse resulting in excessive bleeding and scarring especially on commonly exposed areas of the body such as the face. As I mentioned earlier these limits will evolve as we journey down this path. I have attached pictures of myself for you. I recently decided to get rid of my hair and have included pictures of me both with and without. I don't take many pictures of myself. Please let me know if you would like more. I am ready to relinquish control to you and give you my undivided attention. Your slave Her: I Wore Up Thinking About Using You My Sex Slave You arrived as instructed at your Goddess home for training to commence. You knock on the door and wait. I open the door and using my finger signal for you to enter. I point to the floor, you remove your clothing and fold it neatly and place them in the corner, you turn around and then get down onto your knees and lower your head, and place your hands behind your back. I place a collar on your neck, then I secure your hands behind your back. I then instruct you to look at me, as you raise your head I start to remove my clothes. I notice you becoming extremely hard and excited from seeing your Goddess remove her clothes, standing there with only her bra and panties on, I instruct you to remove my already soaked panties being so wet expecting you since using your teeth. You come closer to me on your knees and gently get your teeth on the waistband of my panties and slowly work them down, moving around me and focusing on the waistband of my panties. As you finally remove my panties, I have already removed my leash and now I look down on you attaching the leash to your collar and say," slut, if you are very good in your training today you will be rewarded very generously" you reply, yes Mistress." I then lead you to the side of the bed with you leash like my little slut bitch that you are... I take the bonds of your hands and tell you to get on the bed, no on the bed I tie your hands to the headboard and your legs to the foot of the bed and then I start smothering you with my pussy while I popped your cock and balls with my crop (gently). I'm grinding my pussy in your face wiping my nectar all over you, and the sweet smell of juicy wet pussy and the stinging from my crop made your sissy cock so hard. Soon I'll cum in your face and force you to eat all of it. Then I take some clamps and placed them on each of your nipples. You grit your teeth as the sharp pinching sensations running through your body. Your mistress pops your cock and balls again with her crop turning your throbbing cock harder and harder. She pauses and then gently strokes it with her hand and spits on it. Mistress leans down and takes your cock in her mouth. She strokes up and down giving you firm bites along with your cock head and shaft as she goes. Then your mistress climbs on top of you and allows you to feel her pussy slide down on your cock while she tugs on the chain attached to the nipple clamps. You grimace in the sweet pain that makes you thrust up deep inside her. You so want to grab her and grind inside her, but she has you tied, and you are at my mercy as I tease you by pulling my pussy off of you and pulling on your nipples again. She uses her crop to spank your cock once again. I continue this cycle repeatedly training your cock to be obedient to my pussy until finally your Mistress mounts you for the final time and bounces up and down and back and forth on your grinding her clit down on you till you can hold it no longer. At that moment, Mistress gives a gentle yank on the nipple clamps and I cum so hard and intense feeling the sweet pain run down your body and through your cock as you erupt inside me. Your Very Horny Mistress Ann. Me: I want nothing more than to please you mistress. Your desires are one with my desires. Please use me. Her: My Sex Slave, I am very happy getting to know you better and glad I choose you to be my fucktoy bitch slave. Your words portray respect, readiness, and willingness to serve as my worthy sub. I am going to do everything to make you my perfect slave, through light and erotic assignments, teasing and other activities that will bring your true submissive nature out to the surface my fucktoy slut. Been a lifestyle domme my slut, am not in a mistress mode all the time, when our relationship takes off there will be some flirting, kissing and touching that might be considered vanilla a scenario where we just enjoy each other and not necessarily in a Mistress/slave setting. However, keep in mind that our relation stems from a Mistress and slave dynamic and you must remember you are the slave always. I do a little volunteer work when I can and am a registered member of the red cross. I work as an interior designer and decorator, it can be quite a tasking job with deadlines and perfectionist clients but I like to push myself as much as I can and I enjoy it. I am excited and looking forward to the memorable times we'll share together as Mistress and slave. This is my evaluation so far my fucktoy bitch slave ***, through our communication, you have opened up to me my slave and with a little training, you can become my perfect male slut. Your response to my erotic email very enthusiastic my slave and it showed me that indeed you are ready to become a fucktoy bitch slave. We'll proceed with starting our session. I'll get back to you on the dates and times we can begin. Reply ASAP. Love Your Mistress Ann. Me: Mistress, The more I learn about you, the more I feel like I have to learn from you. I am ready to begin this new relationship with you as your slave. I hold volunteer service in a high respect and am turned on by the fact that you do work for the greater good. I am eager to begin training with you. Nothing would make me happier than to be the slave you want me to be even in those times where you are not in mistress mode, I am your slave. I have actually recently become interested in interior design of small intentional spaces for the purpose of creating the most ideal environments to support mind, body and soul. I would love to learn from you in that way as well. My anticipation to serve you grows by the minute, I look forward to hearing back from you. Your humble slave Her: My pussy licking cum slavetoy I want you to grab my ass in ecstasy while I ride your face with my juicy wet pussy. I want our bodies to connect on a spiritual level with our hands, fingers, breathe and everything else sensually entwined. I have a very wild imagination and I would love to help you reach your highest point of pleasure as you serve me, I want to take you on a journey (long term) if you prove worthy of my SUPREMACY. Your cock is mine to do with as I please my fucktoy bitch slave, this means you can only cum with my permission slave, from now on, no jerking off with my permission slave. I will teach you to make me squirt uncontrollably, I'll convert you into a fully automated pussy licking, ass worshiping slave puppy. My panties are soaked thinking about using you my fucktoy slut love ***, we can have our sessions on the 15th and 17th and we can start in the morning around 11 am or evening around 5 pm on these dates. Let me know my fucktoy bitch slave if this timeline works for you. If we proceed from this point my slave there will be some financial commitments for both of us. I have different approaches I used in training my slaves in the past my slave, I will study you my slave and determine what specific technique to use in teaching you all the different ways to please me. I have had 3 long term subs in the past my slave, one before I was married, another briefly about a year ago and I currently own a female slave that I play with from time to time,she is an air hostess so don't get to play with her as much as I would like which prompted my search for a male slave,I've been looking for a male slut for a little time now and I think I have found the perfect slave in you my slut. Looking forward to putting my collar of possession on you my slave and attach your leash and walk you around in your true submissive nature, you must not disobey my direct orders and wish slave, to please me you must always follow my instructions when it pertains to our mistress slave relationship. Respond ASAP Your Mistress Ann. (she sent me regular clothes pictures in this email(same woman from previous as per pictures) Me: The way you convey your desire through words is unparalleled. You paint a picture in my imagination that only makes me want to serve you more mistress. My primary purpose is to serve you and fulfill your deepest desires, anything above that is a mere bonus. My pleasure is secondary to your will and I will do anything to please you. I cant wait to be trained to be everything you want me to be. I can already feel the tension and its growing. You are now in control of my sexual impulses. The journey has already begun. I will worship you as the goddess you are. Lead and I will follow. The 15th and the 17th works for me, I am not entirely sure of my work schedule yet. Lets tentatively meet in the morning on the Wednesday the 15th and in the evening on Friday the 17th. I am open to the financial commitments. I'm curious about what this will entail? I know that from the moment I lay eyes on you, I will be lost in your ocean. Unable to do anything but surrender. Your humble slave Her: My fucktoy bitch slave, we'll begin our session on the evening of the 15th my fucktoy bitch slave ***. I am sure you know any form of relationship at some point will involve some financial decisions (dinner, the occasional gift and such).In a relationship like this, the financial decisions come early on in bondage clothing, bondage tools, and toys my fucktoy bitch slave to augment our experience. I enjoy been dominant so am Mistress, not a Dominatrix so I don't do this for money and I don't expect you to pay for sessions or anything like that my slave, however for our fantasies to become a reality and sessions reach its sexual satisfying peak there are tools needed to augment that experience my slave. Your Mistress Ann. Me: Yea I expected all of that. Is there anything you would like me to get prior to our first session mistress? I want to be as ready as possible so that I may be able to serve you to the best of my ability. Your slave Her: My Fucktoy Bitch Slave, Your darkest passions still lie dormant inside you my fucktoy slut, I haven't even begun to tap in your full total submissiveness, my slave. These desires are waiting, sweltering and pulsing with every breath waiting for your Goddess to awaken them with just a single touch and mold and stimulate you into perfection. I will be hosting our training session at my home in Oakland my fucktoy bitch slave. I will like to spend at least spend up to 3 hours with you my fucktoy bitch during our first session, our first time together is going to be quite exciting, you and I are going to discuss at length what's about to happen in our session together and both decide on a safe word if one as to be chosen. Like I mentioned my slave we at the point where a financial commitment is required. There are a few tools and equipment that have to be available before our sessions begin my slave. I don't use bondage tools that have shared with the previous slave, these are going to be new and exclusive for you and me my fucktoy bitch slave. I have discreet supplier my fucktoy bitch slave and a list of which includes but not limited to Deluxe SS/Leather Collar,Locking Men‘s Chrome Collar w/ Ring,KinkLab Double-Lock Police-Style Handcuffs,Nylon Rope, 25-ft,Adjustable Wrist,Corinthian Corset Dress,leather chastity Briefs With Penis Hole,Nipple Clamps and Cock Ring Set,Pjur Back Door Glide,Envy Five Rechargeable Silicone Vibrator. So am ready and willing to make a commitment to making you my slave by paying at least half of this cost of the toys right now, I presume that you are willing, ready and able to do the same before our training begins my fucktoy bitch slave. If you are unable to make this commitment at least 2 days before the date your training starts now my slave, we will have to reschedule for another time. This is a one time only payment and these are the tools we will continue to use as long as you are my fucktoy bitch ***. Your quota my slave will be $800 and you will make payment to the toys' supplier my fucktoy bitch in readiness for our session to begin. This will show me that you are indeed ready and willing to be committed to being my sissy fucktoy bitch. I will be waiting for your response Love Your Forever Mistress Ann. Me: Yes mistress, I am out of town. I apologize for the delayed responsiveness, I am away from my computer and phone most of the time while I am here. I will be back in town on Monday night or Tuesday morning. Please advise me of further details about the next steps and I will do my best to proceed within the given time frames that you provided. My fire to serve you grows every day. Your slave Her: My fucktoy bitch slave ***, I hope you are having a great time at the festival, my slave. I'm super excited as well my fucktoy bitch slave, can't stop thinking of using you my slut. Planning on getting a collar with maybe your name on it my fucktoy bitch slave what do you think. Like I alluded to my slave you'll be making payment for your share of the bondage gear directly to my supplier. She is a mistress as well very versed in the lifestyle, reliable and I always get my bondage tools from her. The method of payment will be bitcoin, my slave. Are you familiar with bitcoin? Love Your Mistress Ann. Me: Mistress, Forgive me for my lack of responsiveness, I did not get back from my trip until yesterday and had work straight away until 8pm. I am not too familiar with bitcoin. That being said, I dont quite understand why all this discretion needs to take place in the acquisition of simple items for our sessions. It seems a bit much given that we haven't met yet. Her: Ok, slave ***, first you don't reply to my emails on time and now you are the expert on what as to happen before we begin our sessions? Thats where we've left off so far and im not sure if I should continue conversing with her or if I should just call it quits. It seems sketch that the acquisition of these toys/items will be done through her friend and that its paid for using bitcoin. This feels like a textbook toys scam to me but a very well played one. That being said if it isn't I can only imagine the things that will ensue....
Ariel Ling, COO of BitMax.io (BTMX.com) Exchange, Shared Insights of Crypto Industry (Part III)
Ariel Ling, as the co-founder and COO of BitMax.io (BTMX.com), was invited to the interview by Fred Schebesta, the CEO of Crypto Finder (Finder.com). Ariel has 18-year progressive executive experience in strategic planning, business development, budgeting and financial analysis risk management, regulatory program implementation, and process improvement for operational efficiency. She has an in-depth understanding of capital market products (stocks, fixed income, foreign exchange) in financial services and the development of international banking strategic trends (M&A, market structure, regulatory reforms and their impact). Her lustrous career on Wall Street made this interview a popular link on YouTube. (Link: https://www.youtube.com/watch?v=WBYK-w2uxWc) F: Okay. Let’s go back and talk about BitMax in terms of markets. What markets do you mainly trade with geographically? Because you have the sites in Korean, English and Chinese. Where is your focus from a market perspective? A: When you have those three languages, it almost tells those must be my top three. The reason why we have an office in Beijing is to gear towards the Asian, Pacific Asian type of market. So most people think our users are Chinese. Actually, no. If you look at our user base from a community of fan respective, within 4 month after launch, we’ve got 35,000 members and the number is growing every single day. But out of 35,000 community users, actually, 1/3, even more than 1/3 are from English channels. For example, the English telegram is one of the biggest. We also have WeChat channel. So when you ask where the trading volume comes from, I would say 40–50 percent predominantly from Chinese speaking countries, which means China, Hong Kong, Taiwan, and some of our equity investors are based there. And then when you’re looking at the development of the neighbor countries, Japan and Korea, especially Korea, are very active. So when I look at the second tranches, depending on which month, it’s either Korea or sometimes the South East countries that are very active too. And for Korean, it’s very interesting because I’ve done several conferences there too. Korean market is quite mature, the same thing with Japanese market. If you look at the adoption of Bitcoin, there’s a tight regulation, but people are used to trading. And they even have Bitcoin ATM in Japan. F: When I was ordering the equivalent of Uber when I was in Korea, it was like Credit card, Cash, and Bitcoin. A: Oh my god yes! F: It’s awesome! A: Exactly. I actually met couple of projects that are trying to optimize the payment channels, e-payment channels, or this kind of payment channel that includes crypto. So it’s interesting that they are very mature in terms of adoption acceptance. And also from the understanding of trading, Korea also has very large transaction mining exchanges. So when you go to Coinmarketcap, looking at the reported volume, you will see Bithumb is like №1 in ranking, because they have a pretty significant transaction mining as well. And in last couple of days, if you went to Coinmarketcap, you would see us, BitMax.io, moving up to №2, sometimes №3, 5, 10. That was when the Korean market was very vibrant and they are used to trading. So that’s number two market for us. And the next you will be surprised. We actually have very substantial group of users coming from Europe. Because last month, speaking of the volume, when I looked up at a daily report of trading analytics, where a lot of decisions are based on, I found we actually had five percent of total volume from UK, Russian and France last. And right now, we are listing a very significant project from India. And suddenly we see a lot of India users trading. So it is very diversified. It is not what people thought that only Chinese users are trading on the platform. It’s almost like 1/3 or 2/5 from Chinese speaking countries, then 1/3 from other part of the Asian, and then there’s the big chunk from Europe. F: I guess that the Chinese government is relatively hostile to cryptocurrency or relatively. So what’s your approach as an exchange dealing with the Chinese market and particularly China itself and people in mainland China. A: First of all, I have to say this is only speaking on a personal view. When it comes down to government, what I look at or what my team look at, it is not by one particular government. I don’t particularly think hostile is the right word. It really comes down just like US — when the government takes a look at a new financial asset, their view is always about what it is, and how I can regulate it, as simple as that. So, each government is at a different stage in terms of defining the requirement, understanding what it is, and defining how to regulate. So, I would think that certain countries are way ahead of certain countries, like Japan, let’s just look at it. They’ve already made the rules , everything you have to register. You want to be the exchange, you have to go for license. Everything has to go through all the checklist. There are very stringent requirement but there is requirement. So, for other countries such as China, US is the same where we are still waiting for either SEC or CFCT to issue the final guidance in terms of what this is and how they are going to regulate. So I think a lot of perception are really coming from a lack of clarity. At the end of day, any financial institution must work with the government, because it’s intricacy in terms of global economy and a country economy, especially from financial institutional perspective. For digital asset, I like to use the word digital asset versus cryptocurrency, because digital asset, whether its Bitcoin or ERC 20, should be really reviewed as asset class — how you define it? what is the boundary? And how does the government feel comfortable that 1) from an investor perspective, people hold it as asset to increase value; 2), from trading perspective, whether there is proper guidance or proper protection against any manipulation. This is what we all have to wait for each part of the government. And I do know for example, UK FCA, is also contemplating what is the regulation, what is the requirement. I think that they’re trying to come out soon. And Singapore has something similar. So every single country is at the different path to get to defining what it is. F: And you see that coming from China as well? A: Like I said, I don’t really have any detail. Like I said, I am just from an outside view knowing how long it took them to open their financial market. When I was working for American banks, it was also a journey to get the foreign bank established in the mainland China. That is the journey I think the government is working through in terms of what is critical for them. F: Let’s talk about broader-based adoption in terms of the evolution of the crypto market. Obviously Wall Street has its view on crypto. What do you think would be the big steps for crypto to take to evolve to be more mainstream and institutional friendly. A: I think I have answered part of your question. When you look at it as part of my business planning for this venture, for any business plan, you need to look at the current state. So for the current state of digital asset, the premise is that right now the digital asset as an industry is tiny. The entire trading volume for cryptocurrency is 20 to 30 billion a day. You know how much it trades in US equity cash market? It’s 400–600 billion. The difference is because of institutional investors exactly as you said. What prevents institutional investors coming to this industry? It’s fragmented. Everything is pretty much on its own. You’ve got exchanges taking on different roles. They are brokers; they are the wallet management; they are the custodian. They are doing everything. And there are very different shapes of exchanges. You’ve got blockchain people, and you’ve got the banks. It’s very fragmented. Nobody knows what is really the transparency. And all the institutional players, they are looking at what is the government’s view on this, what is my biggest risk to get into this. So a lot of them is really about transparency. But the word, crypto, is a bit more connotation from a not so positive perspective. Institutional investors, they don’t see transparency from a market structure perspective. F: Right. A: My team and I, we came from a very much Wall Street background. When you look at the Wall Street, they were not pretty in 1980s, like the Wolf of Wall Street. But over the last 20–30 years, with all the different regulations and market structures reforms, you will see it becomes very structured. So typically, there are three different roles. First, the broker dealer, which basically handles the client relationship: there’s retail, there’s financial institution, and there’s blockchain. And second, what does the exchange do? The exchange does really just trading, order matching and listing. And third, there’s another component in equity world, I mean, in every single country there’s clearing house. What the clearing house does is when you buy a stock, they verify for you. It’s the same; they are very independent. When you guy the bitcoin, there is an address. It’s transparent. But the clearing house is making sure that here’s your money, here’s your digital asset; you make the trade, you settle the trade. Clean and clear. And these three components are basically how every single security market operates in every single country. And then when you look at what is the ancillary support structure, you’ve got the KYC — to addresses all the AML risk — All the governments are also worried about AML, terrorist funding and stuff like that. So the second part is the custody. Who holds the asset? If the exchange holds the asset, how do you make sure they don’t have any fungibility moving around. So the custody component for regulatory market is very important. F: I think a big news right now is Fidelity has come out and launched their own custodian service. They are a fairly large institution. A: Exactly, they are the largest money managers in the world. F: How do you think that will help clarify this custody piece? Do you think this is a good thing? A: I think this is actually good development for the market when you look at the structure just like I pointed out. You have to have a custody for digital asset trading to prove the value of the asset in an independent and control location. Another huge custody institution in US as you know is State Street. They have to have proper books and records, a proper control mechanism to demonstrate. This is actually a very healthy development, meaning the market is getting matured. And each of their utility functions is actually having strong support from someone so successful as Fidelity. I think this is a very healthy development, because from regulatogovernment perspective, you need those utility check-and- balances making sure the market is transparent, the trading is fair; asset is protected, and investors are protected. That’s what it is about. F: And TokenSoft as well has just launched a custody service for security tokens. It has a cold storage custody platform for security tokens, and I think this is part of your wallet management. A: Yep.
Five Reasons to Be Bullish About Bitcoin, Ethereum and the Future of Crypto
The cryptocurrency market recently experienced a bearish run driven by a range of factors including Mt Gox “Tokyo Whale” sell-offs, delayed institutional investor participation, and regulatory pressure. With the crypto market dropping 18% since May 20, investor sentiment has been wavering over the past few weeks. There are, however, many reasons to remain bullish on crypto outside of chart action. 1. Adoption Rates Are Growing Rapidly https://preview.redd.it/h11fnx8qnk011.jpg?width=824&format=pjpg&auto=webp&s=ca1486ebdd8482c73b4c09184c9e79f031f03476 Cryptocurrency adoption is currently accelerating at a high rate. The total amount of active Bitcoin and Ethereum wallets have dramatically increased — data available from BitInfoCharts assembled by Chris McCann indicates that the total number of active Bitcoin wallets is steadily increasing at over $24 million: Similarly, the total number of Ethereum addresses is growing rapidly, tripling since the beginning of 2017: A recent survey conducted by Finder reveals that over 16.3 million Americans currently own some form of cryptocurrency, over 8% of the total US population. A similar report published by Lendingblock in March 2018 found that 55% of survey respondents believe that cryptocurrency purchases will be widely available in retail stores within the next 7 years. One of the primary barriers to mainstream consumer adoption is arguably the separation between cryptocurrencies and fiat currencies — crypto debit cards provide a solution to this issue, but have become less widely-used subsequent to the early 2018 culling of Visa-backed crypto cards. Cards that facilitate crypto-to-fiat payments, however, are making a comeback — independent of solutions such as Wirex and the upcoming Crypterium project, there are currently 17 different crypto debit cards allowing real-world crypto purchases. 2. Scalability Solutions Nearing Completion Scalability remains a pivotal issue in the development of cryptocurrencies — the current transaction capacity of Ethereum and Bitcoin is still far from payment platforms such as Visa or PayPal. Scaling solutions for both networks, however, are close to implementation, opening the door to widespread adoption and large-scale distributed apps. The Lightning Network solution, which is set to dramatically improve the transaction capacity of the Bitcoin network, is currently growing steadily. The total Lightning Network node count has increased from 29 in January 2018 to over 1,500 active nodes, boasting a higher node count than Bitcoin Cash. Ethereum’s scaling solution has been under development for several years now and is beginning to yield results. Ethereum founder Vitalik Buterin recently revealed a minimal sharding protocol initiative that allows developers to create and test infrastructure using compounds of the sharding solution. The recent submission of Ethereum improvement proposal (EIP) 1011, or Hybrid Casper FFG, demonstrates that a significant improvement to Ethereum’s transaction capacity is on the horizon. 3. Enterprise-Scale Adoption is Accelerating The underlying technology that drives cryptocurrencies is beginning to capture the attention of enterprise organizations. Major Fortune 500 companies are now investing heavily in blockchain technology — Outlier Ventures, a UK-based venture firm, maintains an active corporate research tracker that lists over 280 companies that are currently conducting intensive research into distributed ledger technology, including Boeing, IBM, Amazon, and Western Union. The Enterprise Ethereum Alliance has recently released a new Enterprise Ethereum Architecture stack that standardizes the specifications of enterprise Ethereum solutions, streamlining the process of creating private Ethereum blockchains. Similarly, Amazon AWS has launched a new “instant blockchain” service that allows enterprise organizations to quickly deploy blockchain networks on the AWS service. The implementation of blockchain solutions within large-scale enterprise organizations is set to not only dramatically enhance operational efficiency but also serves to legitimize the use of blockchain technology across multiple industries. 4. Nuanced Regulation is Coming The regulatory debate that surrounds cryptocurrencies is a frequent cause of volatility within the cryptocurrency market — regulatory authorities around are still scrambling to establish a functional framework for the regulation of cryptocurrencies despite ongoing research, G20 Summits, and closed-door meetings. The overall international regulatory stance on cryptocurrencies, however, appears to be developing into a nuanced, accommodating perspective that takes the highly variable nature of digital assets into account. The US SEC has recently hinted toward a clear separation between tokens sold during initial coin offerings and those that function strictly as utility tokens, and appears to be considering the exemption of cryptocurrencies such as Ethereum from strict regulatory action. More recently, the US DOJ has taken an active role in the investigation of price manipulation in cryptocurrency markets, while countries such as South Korea move to legalize and regulate initial coin offerings. With the St. Louis Federal Reserve likening Bitcoin to “regular money” and NASDAQ CEO Adena Friedman stating that the exchange would consider adding cryptocurrencies alongside traditional securities, it’s clear that positive regulatory action is just around the corner. 5. The ICO Paradigm Shift The initial coin offering ecosystem has become a double-edged sword for cryptocurrencies in general, simultaneously increasing overall awareness of cryptocurrencies and the digital asset market while providing a platform for fraudsters in what is a largely unregulated environment. Recent research signifies that almost 20% of all ICOs are scams, demonstrating the need for reform within the ICO market. UK-based investment banking company GP Bullhound predicts a 2018 shift in the ICO model in a recent report entitled “Token frenzy, the fuel of the blockchain,” foreseeing the creation of the first “corporate ICO” that will launch as an alliance of multiple corporate entities. In order to comply with SEC ICO guidelines, many initial coin offerings are likely to seek issuance as securities, which will catalyze the entrance of venture capital and institutional investors at the pre-ICO stage via accelerators or incubators. It’s highly likely that the “new normal” of token distribution will focus strictly on the establishment of network effects, shifting to airdrops in order to achieve immediate impact and rapid growth. Alternatively, the creation of “tokenized asset offerings” that follow guidelines developed by SEC, FINRA and CFTC could create a hybridized token that functions as a security while maintaining derivative utility function, allowing the ICO industry to mature. Crypto Market Matures With crypto adoption rates growing, enterprise organizations capitalizing on the blockchain, a possible solution to the scalability problem, regulation for a safer and more efficient ICO ecosystem — the crypto market is far from bearish. Source
This is a pre-release post to gather opinions from fellow Bronies. What do I need your opinions on? just about everything really 1) Do you agree with the amount of currency been mined yearly? 2) Do you think we can achieve better than the Doge meme community did with their currency? 3) Do you like the PoS/PoW advanced hybrid system or pure POW? 4) Do you think half the supply of Dogecoin is okay, or should we go even rarer supply with our currency? 5) Do you think merchants at Bronycon and other conventions would accept the currency as payment? 6) Would you use Bronycoin to tip your friends for art work and stuff? 7) Do you think the sub units 100 million parts that make up 1 Bronycoin, should be called Pegasisters or Bits?? 8) what do you believe is best way to insure only Bronies get free currency??? This is a mock up of this release post o_O note no download links or source till we're ready, but if you wish to test a crypto wallet to see what the competition has, Id say try Dogecoin as that's the currency we'll be looking to take over in market share. Bronycoin (BRO) like with the satoshi parts in a Bitcoin, the 100 million parts that make up each Bronycoin will be called Bits, Bits for short :) so 100 million Bits = 1 Bronycoin (Brony) Why Bronycoin? Because first of all, we don't like central banks and corrupt governments, and would love to see them lose the monopoly, Why shouldn't Bronies create and control our own currency? Bronycoin's goal is to be used for tipping other Bronies for Artwork and Fun on forums, social networks, darknets like I2P, Tor and others, as well as the normal Internet (clearnet) At the current moment it works with SOCKS over I2P/Tor. Native support for I2P should be in place soon. Its an advanced NeoScrypt PoW/PoS coin, and has some other nice features too. Such as transaction messaging and been (Turning complete) But the main feature is the large community of Bronies, something Doge could only dream of :eek: why should doge go down as the greatest meme in history just because somebody made a cryptocurrency of it??? Bronies create more memes daily than any dogers. Proof-Of-Stake Bronycoin's major distinguishing feature is that it uses proof-of-stake/proof-of-work hybrid system. The proof-of-stake system was designed to address vulnerabilities that could occur in a pure proof-of-work system. For example, there is a risk of 51% attacks in Bitcoin or Litecoin and Dogecoin resulting from a monopoly on mining power (a 51% attack is when a single entity possesses over a half of the network hash power), which would possibly allow this entity to double spend coins. With a proof-of-stake system, a network attacker would also need to gain a large quantity of coins. This has the effect of making a monopoly more costly, and stops the risk of a monopoly from proof-of-work mining shares. Digital money made for the Internet Bronycoin was born from the Internet, bringing the freedom of physical money to the virtual world, while making payments easier and more secure in both worlds. Bronycoin can offer an alternative to previous cumbersome and costly systems, and it can increase online business access to developing countries, as well as helping to advance open source freedom, and the Brony community world wide. SPECIFICATIONS Advanced hybrid proof-of-work (PoW) and proof-of-stake (PoS) 50 billion coins to be produced block hashing is BLAKE2s PoW hashing is NeoScrypt PoS hashing is SHA-256d 1 minute combined block target (3 minutes for PoW, 1.5 minutes for PoS) Re targets every block Time warp and instamining protection Advanced check pointing against 51% attacks Transaction messaging supported 6 confirmations for regular transactions 200 confirmations for minted coins Very low transaction fees (most transactions are free) No destruction of transaction fees (all collected by a block finder) The default P2P port is 15298, RPC port is 15299 I2P/Tor ready POS INFORMATION PoW and PoS blocks carry the same fixed reward of 5 Brony one of the 1st implementation of a fixed PoS block rewards STATS / RANKINGS http://coinmarketcap.com/all.html http://www.whattomine.com/ not on sites yet. DOWNLOADS Windows not released yet. Linux (i386) not released yet. Linux (amd64) not released yet. MacOS X (32-bit and 64-bit) not released yet. Source Code https://github.com/Bronycoins/Bronycoin Example Bronycoin.conf irc=1 dns=1 sse2=1 daemon=1 server=1 stakegen=1 logtimestamps=1 minersleep=2000 stakemindepth=5000 stakecombine=40 stakesplit=80 port=15298 rpcport=15299 rpcuser=someuser rpcpassword=somepassword PORTS (no released yet) POOLS http://www.dnb.io (0%, PPLNS) not yet but to be confirmed when released EXCHANGES useCryptos (BRONY/BTC, BRONY/EUR) Bleutrade (BRONY/BTC, BRONY/USD, BRONY/LTC, BRONY/DOGE) Not on these exchanges yet but its to be confirmed, that they'll be the first two. SOCIAL Twitter Facebook (not created yet) Forums (yet to be listed) SERVICES / OTHER Cointopay https://cointopay.com/ Cointopay is a powerful Merchant account provider in the cryptocurrency world, they've already confirmed that Bronycoin will be accepted once released. We'll hopefully find Brony merchants at conventions willing to accept Bronycoin as a form of payment, Its also hoped Bronycoin.com will exchange the Crypptocurrency version of Bronycoin, as well as its physical coins. 50% pre-mine for giveaways, merchants, services, and development. (Bronies unite) Because friendship is Magic. unfinished white paper https://dochub.com/bronypony/bYRREz/f9ffc385-0d9c-48de-b12b-d390295332eb
Bear with me because there is a point related to bitcoin in what I'm about to write: A couple of weeks ago I published a project for an art nude photography book on kickstarter. Some people contributed but I wasn't able to reach the goal. To be fair, the goal was pretty high and the deadline to reach it was too short. So at the end of the deadline the goal was not reached. It was my first time using kickstarter, so I had no idea what I was doing. I was just sort of experimenting with it to see what would happen. From that experience there were two things that really caugth my eye. One: Kickstarter keeps a 5% processing fee and Amazon takes another 5% if the project gets funded sucessfuly. At first I thought that was fine. After all, kickstarter was finding me investors for my project. But then something happened that seemed unfair to me and it's the second thing that bothered me about the experience: Kickstarter actually told me to promote my project among my friends on social media so I could get more funding. What? So let me get this straight: Kickstarter wants to charge me 5% -and Amazon another 5%- for the money I can get just by asking my friends and followers on social media? What do I need kickstarter for then? Again to be fair, kickstarter did provide a few contributors without me having to ask my friends. Had the project been successfuly funded, it would've been 100% fair that kickstarter recieved a 5% "finders fee." So I thought: why doesn't Coinbase or Circle compete against kickstarter using bitcoin? Coinbase could set up a system for people to fund projects with bitcoin and only charge the 1% comission for converting bitcoin to dollars or to any other local currency. The 1% fee alone would be enough to attrack people. In the meantime, if you want to contribute to my project you can check it out here: https://www.kickstarter.com/projects/801958703/the-virgin-of-the-path-reloaded Honestly, I'd much rather get it funded through Coinbase (no fees), so if you feel like contributing with bitcoin the best way to do it is to open a Coinbase account and send the coins from the account to [email protected] so I can be aware of who sent the coins and I can contact them to send them a reward for their contributions. The rewards would be the same as the ones in the kickstarter project. Now, in order to make this fair, I propose the following: If I do not reach the funding goal at kickstarter, then I will give back all of the bitcoin donations from coinbase. If I do reach the goal, then I will send the rewards in the same amount of time as stated in the kickstarter description. Also, to make it fair, if I receive a contribution of less than 25 dollars, which is the minimum contribution on kickstarter, I will return the contribution to the sender unless the sender specifically states he does not want any reward in exchange and whishes to contribute a smaller amount anyway. Finally, and only because this is a nude photography book (nothing explicit, although there is full frontal nudity), I need to find a way to verify the age of the contributor. In theory, all Coinbase users who want to buy or sell bitcoin are supposed to be at least 18 years old unless their parents provided written consent to Coinbase for their kids over 13 years of age to use the service. But wallet users who just want to send and receive bitcoin don't need to verify ID. That creates a problem, as the only way for me to verify age is through an ID. So the only way I can deliver the rewards to contributors is by requesting a photo of the contributor with an ID without sensitive information (deleting home address and ID number), just showing name and date of birth. I know this is cumbersome but I really can't think of any other way to figure out somebody's age without looking at an ID or without receiving payment through a credit card. I'm open to suggestions, though. The only way I wouldn't need to look at an ID is if the contributor stated he does not want a reward at all, but I don't think that would be fair. (See? This is why Coinbase should be doing a kickstarter system and take care of the age verification.) Crap, this is just too complicated.... Anway, I hope this makes sense. My point is, if I'm going to be the one finding people to fund my project, I shouldn't give kickstarter 5% and another 5% to amazon. And the only way I can see that working is through bitcoin. PS: For those who want to contribute through a desktop or mobile wallet I can send you an address to send the contribution to if you send an email to [email protected] so I can know who to contact if I have to send a reward. PS2: Yes, I know this is probably the corniest post I've ever published, but hey; they call us crazy for believing in bitcoin.
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