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For discussion about Litecoin, the leading cryptocurrency derived from Bitcoin. Litecoin is developed with a focus on speed, efficiency, and wider initial coin distribution through the use of scrypt-based mining.
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Cryptocurrency news and discussions.

Cryptocurrency news and discussion. Bitcoin, Litecoin, Ethereum, Ripple, Monero, Dash, NEO, IOTA Lightning Network, SegWit, Augur, Steemit, privacy, ICO, block time, Proof of Work, Proof of Stake, NEM, Peercoin, Vertcoin, Iconomi, Dogecoin, Zcash, BitShares, Walton, mining, hashrate, mining difficulty, blockchain, coinbase, merkle, transaction rate, decentralized exchange, annual inflation rate, total market cap, bitcoin cash, BTC
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07-08 13:25 - 'this and wallet that generates bitcoin send here 1 bitcoin receive 3 / bitcoin after 1 hour / ​ / 35nvSYfMp78cg5UyPJDRdkhx9bwzPHLEsb' by /u/DecentLengthiness0 removed from /r/Bitcoin within 4-14min

'''
this and wallet that generates bitcoin send here 1 bitcoin receive 3
bitcoin after 1 hour

35nvSYfMp78cg5UyPJDRdkhx9bwzPHLEsb
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: DecentLengthiness0
submitted by removalbot to removalbot [link] [comments]

DOWNLOAD LINK: yourmegafile.info/Bitcoin Generator v3.3

DOWNLOAD LINK: yourmegafile.info/Bitcoin Generator v3.3
submitted by Last654Scallion to u/Last654Scallion [link] [comments]

Best Bitcoin Faucets

Best Bitcoin Faucets
Bitcoin faucets are websites or applications that offer you a small amount of bitcoin as a reward for making easy tasks. Depending on the selected faucet, users can earn coins for completing various tasks, such as viewing certain websites, watching ads, entering a captcha, or playing a game.
by StealthEX
At the beginning of the cryptocurrency’s existence, when the stakes were not so high, the creators of faucets gave 5 bitcoins for each claim — back then it was their way to promote digital money among newcomers. Now faucets operate with much smaller amounts and give out some part of the Bitcoin, which is measured in Satoshi(named after the creator of Bitcoin). Satoshi is the smallest possible fractional number of Bitcoin — one BTC is equal to 100 million Satoshi.
If you have ever left a water tap not completely closed, you probably noticed that water was dripping into it, and if you put a bowl under it, sooner or later it will be filled. Even though one-time payments on faucets are scanty, many advise not to neglect the opportunity to earn on them, because, with the right approach, faucets can bring a tangible profit with a minimum of effort.
There are plenty of sites offering free bitcoins. Unfortunately, most of them are not trustworthy, do not live long, or are simply overflowed with annoying flashing ads. However, there are some that work for many years, used by thousands of users and considered reliable.
Here is the list of them:

Freebitcoin

This faucet is probably the most well-known one. It was created in 2013 on the territory of the British Virgin Islands. Payouts are not fixed and vary for each claim. You can get cryptocurrency every hour, and for each claim you get from 0.00000030 to 0.03 BTC. In addition to the faucet, Freebitcoin allows you to earn in other ways — save interest on your deposit, play the lottery, invite new users via referral links.
It supports several withdrawal methods: you can set up automatic withdrawal every Sunday, slow withdrawal every 6–24 hours, or use the fastest instant withdrawal that takes 15 minutes. The last one, of course, has the highest fee.

Moon Bitcoin

Founded in 2015, the Moon Bitcoin has a certain user base and is considered by many to be one of the best faucets in existence.
There are many appealing bonus offers. For example, the site gives you a reward for consistency — if you enter a captcha at least once every day, you will accumulate a bonus +1% to earnings daily. Like most other faucets, Moon Bitcoin offers a bonus for bringing new users.
Earned funds are instantly transferred to the linked Coinpot wallet. The minimum withdrawal amount is 10,000 Satoshi if you agree to pay the fee. Or wait until it’s going to be over 50,000 Satoshi on your account and withdrawal money for free. It is worth saying that Coinpot has its own bonus program. For example, for one captcha entry, you get 3 Coinpot tokens that can also be converted to cryptocurrency.
There are also Moon faucets for Litecoin, Dash, Bitcoin Cash and DogeCoin. All payments are concentrated in one Coinpot account.

Bonus Bitcoin

Bonus Bitcoin is one of the oldest services and is considered one of the best bitcoin faucets. You can request a new portion of free coins every 15 minutes, getting an average of 10 Satoshi per claim. You can also gain more coins completing tasks in the offers and surveys section.
Users who regularly stay active for a number of days receive an additional 5% of their daily rewards. The site also gives 50% of all fees of users you invited using referral links.
Bonus Bitcoin accounts are also connected to Coinpot, a micro-earnings wallet that accumulates your payouts. The site also provides the opportunity to earn Litecoin and Dogecoin.

Bitfun

This is one more faucet associated with Coinpot wallet. Bitfun started its work in January 2017. In addition to the faucet itself, which allows you to request free Satoshi every 3 minutes, the site has a large number of browser games of various genres. Progress in these games gives you additional earnings. You can also earn coins by completing offers.
As with Bonus Bitcoin, the user receives 50% of the fees of their referrals.

Cointiply

The service was launched in 2018 and has become known as one of the best free bitcoin generators. There are several ways to claim Satoshi. In addition to the faucet, you can also earn bitcoins by watching videos, clicking on ads, and playing browser games.
Here you can make claims once every 12 hours and get a certain number of Coins to your account. Coins are the inner currency of this service, 10000 Coins worth 1$. It converted to Satoshi at the time of withdrawal.
Rewards can be collected at FaucetHub, another web wallet for micropayments, in this case, the withdrawal limit is 35,000 Coins. For amounts over 100,000 Coins, withdrawals can be made directly to your bitcoin wallet. Or you can keep Coins at the site and earn 5% interest.
Users can earn a loyalty bonus, by claiming rewards every day. Bringing another user via referral link gives you 25% of their claims and 10% of their offer earnings.

Pentafaucet

PentaFaucet is one of the oldest and most stable bitcoin faucets today. The main difference from similar websites is that the site uses double protection: captcha and anti-bot. You can collect from 5 to 25 Satoshi every 5 minutes. A reasonable amount of advertising and a simple interface make working with the faucet comfortable.
The faucet does not allow you to earn money from games, surveys, and other sponsorship services. In addition to the main method, it offers only a referral program, giving 10% from earnings of each new user.
Earned Satoshi are instantly transferred to the FaucetHub wallet. You can withdraw your funds from FaucetHub to your bitcoin wallet once a week on Sundays.

FireFaucet

FireFaucet is a multi-currency automatic faucet, perhaps the best of its kind. This resource allows you to earn 9 cryptocurrencies at the same time, as well as instantly withdraw the accumulated funds to the Faucet Hub.
The Auto Claim function allows for collecting currency automatically. You can change the number of currencies to get and the time between collections.
FireFaucet affords many different ways to earn money: in addition to the faucet itself, there are also offers, a referral system that gives 20% from newcomer’s income, and browser mining. FireFaucet also has its own unique level system: getting XP for various actions on the site and raising their level, users receive a reward in Satoshi.
As a pleasant addition, FireFaucet has a nice-looking design and does not use pop-up ads.

DailyFreeBits

This bitcoin faucet does not require registration. All you need is the public address of your BTC wallet. Users can claim Satoshi every hour, getting from 5 to 1200 each time.
At the moment DailyFreeBits is using the FaucetHub wallet we are already familiar with. The resource offers a referral reward. By inviting new users to the website, you can regularly receive 10% of their earnings.
These are probably the best bitcoin faucets at this point. Do not expect that you will earn loads of money just using faucets, but it is with no doubt an interesting and easy way to get a certain portion of free Satoshi and learn how the cryptocurrency and various wallets work.
Always be careful and study every site that is claimed to be a Bitcoin faucet with some scepticism. Always be critical of your choice and read reviews.
Original article was posted on https://stealthex.io/blog/2020/05/28/best-bitcoin-faucets/
submitted by Stealthex_io to u/Stealthex_io [link] [comments]

free bitcoin mining

Start free bitcoin mining with best, fast & free cloud mining services. Unlimited Free Bitcoins Generator without investment, Free Mining!
submitted by lucia009 to u/lucia009 [link] [comments]

Just An Idea For Thermals

So been following the thermal talks going on for a bit now. Just thought of something that might be good in terms of balancing them, because i dont think thermals need to be tweaked, just the way they are used or powered.
What if you had a thermal charging station? Kinda like the bitcoin generator, u need to dismantle a thermal for its battery or some kind of super hard trade to get a thermal battery that allows you to build a thermal charging station in the hideout. You charge the battery, then place in the thermal allowing it to work.
Having something in the hideout would give a time factor, that cant really be skipped with rubles or anything. Maybe even have it so you need car or tank batteries to power it, Eh okay maybe not anything that big to power it, but you get the point.
Due to ingame times moving faster than real time, maybe have 6 hours of charging = 6 hours in game raid time, and the max storage goes up when you level it.
for example with leveling the thermal powering station:
LVL 1: 1.5hr charge = 1.5hr in raid time usage
LVL 2: 3 hr charge = 3 hours in raid time usage
Or maybe have it so 3 hr charge = 1.5 hr raid time usage
Could even have it you can only have one battery at a time, maybe 2 at max level and when you die you lose the actual goggles and battery. This way super rich late game bois cant just rebuy and equip all day and it would mean that maybe the price of them would be a bit easier to balance because the goggles themselves wouldnt be the most important part anymore.
Just something that i came up with walking home lol. Havent really thought it out, but when i actually put the idea to paper it seemed pretty cool, would love to hear what everyone else thinks on this.
Sorry if this is written bad, very rarely post anything on Reddit usually just a lurker so if this reads like crap i apologize for it!
Edit: Spelling
submitted by ImJustMystiK to EscapefromTarkov [link] [comments]

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submitted by ZaraHamilton to u/ZaraHamilton [link] [comments]

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submitted by ZaraHamilton to u/ZaraHamilton [link] [comments]

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submitted by ZaraHamilton to u/ZaraHamilton [link] [comments]

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submitted by ZaraHamilton to u/ZaraHamilton [link] [comments]

United Coins🔮

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submitted by ZaraHamilton to u/ZaraHamilton [link] [comments]

To anyone who's been able to get in, how are the "found in raid" changes shaping up?

Used to be that crafting things at your base, bitcoin generation, etc gave items the FIR status. Is that still the case?
If not, bitcoin generation and gunpowder will probably no longer be the meta.
submitted by ATF_Dogshoot_Company to EscapefromTarkov [link] [comments]

Air Filtering Unit balancing

I've been thinking about the timeframe of the boost provided by the Air Filtering Unit. You spend ~160K rubles on a filter for a 20 hour boost of +40% physical skills. That's a cool hideout feature, but the 20 hours seems like a weird timeframe.
Most "committed" players who are in tarkov for the long haul probably play between 4-8 hours a day, with some people able to commit ~12 hours if they aren't working or have other responsibilities at the time.
So lets say we start our 20 hour filter at the start of our gaming time - for most people that's after work. You pop in the filter, and get 20 hours of +% skills gain. For our average player, thats 6 hours of benefit before you need to go to bed for work the next day. So 6 hours of benefit, then we sleep for 8 hours, then we work/commute for 9 hours. At this point 23 hours have passed, so our filter has run out 3 hours ago. The notable exception for this would be weekends, when 20 hours might net you ~12-14 hours of benefit, but almost guarantee wasted time when you sleep. The point is 20 hours almost guarantees that some of the benefit will be wasted while the player is sleeping.
So what's the big deal? How is it different from the generator? With the generator, some of the benefit is wasted when you sleep, but with 2 big differences. First, generator fuel is extremely cheap compared to the air filter. Second, generator fuel provides a benefit even while the player is asleep - long crafting jobs, bitcoin generation, etc.
So what would be better? One approach would be to make the air filter item timeframe shorter. Reduce the benefit from 20 hours to 6 hours, but balance it accordingly. Change it to a 2x2 item so its easier to bring out of raids, make the crafting time in the lavatory slightly shortecheaper. This would allow players to effectively use air filters when appropriate, and use multiple slots when they have extended periods to play. Alternatively, you could increase the timeframe to something like 48 hours. In this case, I would keep the item size the same, increase crafting time in the lavatory slightly.
Either way would make the air filtering unit feel useful rather than wasteful.
submitted by apologistic to EscapefromTarkov [link] [comments]

Hideout Idea : Counterfeit Machine

I've always found it strange how there's no real official avenue of converting Euros and Dollars back into Roubles. But with the addition of quests like Mentor : Sniper, which requires 50,000 Euros, I think we could use something that converts money (other than the traders.)

To be clear, I don't think the mentor quests are a bad idea. I like the idea of paying for training in a skill. However, 50,000 Euros is a bit steep, since it converts to somewhere in the range of 6 million Roubles-6.5 million Roubles. Sure, Sniper skill is required for a few quests, but 300 will only get you enough for levels 1-7 on it's own, which leaves 170 skill points in the Sniper skill to be acquired to finish the Wet Job quest line. That is no small task, and paying 6 million Roubles to get to that point seems a bit much. But the solution might not be to make the number of Euros required smaller.

You could add a Counterfeit Machine, with the ability to convert Roubles -> Dollars and Roubles -> Euros with a better conversion rate than the traders have. It could also solve the issue of converting Dollars and Euros back into Roubles through an official avenue, rather than buying parts which sell for Euros/Dollars and then selling those parts. I'm not sure what the conversion would be like for Euros -> Roubles and Dollars -> Roubles, since you don't want to make all conversion rates better than normal, otherwise people could farm infinite money.

Obviously there'd be a timer on crafting, but waiting an hour and a half to get a 30-40% better conversion rate on dollars and euros than normal would seem worth it to me, especially if it doesn't require additional investment, similar to the bitcoin generator. Just the initial cost, with no maintenance fee (other than fuel).

Just something to think about, I think the hideout could always use more tools within it, and I think this could be a cool one.
submitted by LurkingArmidilo to EscapefromTarkov [link] [comments]

Is adding graphics cards to your bitcoin farm worth it?

I was inspired by this guy's post, which analyzes if you should build a bitcoin farm at all, to do some math of my own.
His post is a few months old and prices are a lot different, but I was also asking a different question than him. I already have my bitcoin farm...
So the question I was asking myself is "does it make sense to add more graphics cards to my farm?" and "Is there a 'best number' of cards?".
According to the wiki page, the formula for bitcoin generation is:
0.05 + (GC - 1) / 49 * 0.15
This isn't a linear equation, but it does give a linear answer to my question. After a bunch of mathing in Google Sheets, I've come to the conclusion that each graphics card actually provides the same amount of INCREASED profit, no matter how many you have in your farm (after the first of course).
https://docs.google.com/spreadsheets/d/1l3RINCWfAVxpq0NOqmZQYFdJVCXuet53c0MFbapvc1k/edit?usp=sharing
https://imgur.com/1uAbIup
Based on a BTC cost of 154,000R, each graphics card you add will provide an additional 471R of profit, per hour (11.3k per day). At a cost of 300,000R per graphics card, that's a little over 26 days for it to pay for itself. This is assuming you are running your farm full time, of course. Because the profits are the same, per card, it doesn't matter how many you add, or when you add them, after 26 days each new card added will have paid for itself.
Note: While there is color coding for farm levels, that doesn't matter either unless you are considering upgrading specifically to add more cards. Then I guess you should consider the cost of the upgrade, the fact that it takes 26 days to make a profit adding a new card, and then decide if it's worth it. You could use the magic number of 471h (11.3k/day) per card to determine if the upgrade is worth it or not. If you upgrade to add 15 more cards, you'd be making an extra ~169,000R per day... so depending on the cost of the upgrade, it would probably get paid of pretty quickly.
submitted by Workdawg to EscapefromTarkov [link] [comments]

DW Spider Crawler..

This has probably been asked a bunch of times by now, but does anyone know what spider crawler Muta uses for the DW series? I know he used to use Harry71, but that's been down for years now and I sometimes go to Daniel's List or Fresh Onions, but a majority of the links are bitcoin generators or the such...
submitted by EtchedDaydream to SomeOrdinaryGmrs [link] [comments]

Weekly news review (May 25-31)

Weekly news review (May 25-31)
Howdy, everyone! The Satoshi saga continues... let's take a look!
https://preview.redd.it/4yplulwlh3231.png?width=1200&format=png&auto=webp&s=9a7552df8aa1d7e5c973ea51bd84e7f5f2802c4c

High-end Swiss watchmaker Franck Muller has partnered with alternative assets investing firm Regal Assets to release the bitcoin (BTC) storage watch “Encrypto.”
In addition to being a high-end fashion accessory, with a price ranging from $9,800 to $50,600, the watch reportedly also functions as a cold wallet for BTC. The watch is reported to be engraved with a public address on its dial and comes paired with a private key on a USB drive. According to the firm, the “deep cold storage wallet” is unhackable and uses “offline generated, non-deterministic TRNGs (True Random Numbers Generated).”

United States sanctions incentivized North Korea to launch cyberattacks involving cryptocurrency, a senior FBI official told a conference. The comments were quoted by South Korean English-language news outlet Korea Herald on May 30.
Pyongyang is suspected to be behind several major campaigns involving cryptocurrency ransomware and theft in recent years. These have ranged from global attacks, such as 2017’s WannaCry, to targeted moves against exchanges in South Korea and nearby countries.

A scam and malware campaign is underway on YouTube that uses videos to promote a "bitcoin generator" tool that promises to generate free bitcoins for its users. In reality, this scam is pushing the Qulab information-stealing and clipboard hijacking Trojan.
When executed, the Trojan will copy itself to %AppData%\amd64_microsoft-windows-netio-infrastructure\msaudite.module.exe and launch itself from that location.
If you have been infected with this Trojan, you should immediately change all passwords for your financial accounts and web sites that you visit. As always, you should use a password manager in order to create unique and strong passwords for every account you visit.

In the latest milestone of its renewed bull run, bitcoin (BTC) broke past $9,000 on Thursday, soaring to its highest price point in over a year.
Bitcoin broke the psychological price point of $9,000, hitting a high last seen in early May 2018. In recent days, bitcoin had been comfortably trading in the $8,600-800 range.

Official United States copyright archive data shows that Wei Liu, a Chinese citizen residing in California, claimed copyright to bitcoin’s (BTC) white paper.
In the filing, Liu claims to have published the bitcoin white paper on Jan. 11, 2008, under the pseudonym of Satoshi Nakamoto, with the title “Bitcoin: A Peer-to-Peer Electronic Cash System.” Earlier this month, self-proclaimed Satoshi Craig Wright also filed United States copyright registrations for the same paper and most of the original code used to build bitcoin.

Do you have any thoughts? Let us know in the comments section below ;)
submitted by rokkex to Rokkex [link] [comments]

10-23 11:03 - 'bitcoin private key hack' (self.Bitcoin) by /u/allenjohn28 removed from /r/Bitcoin within 25-35min

'''
how to make free bitcoins,
how to transfer bitcoins from any person address.bitcoin private key hack.bitcoin generator
[[link]2
'''
bitcoin private key hack
Go1dfish undelete link
unreddit undelete link
Author: allenjohn28
1: y**t*.b*/34wFE*UFi8g 2: you*u**e/34*FE*U*i8g]^^1
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

10-18 03:53 - 'CONFIGURE your wallet TO SERVER FREE! / Generate $3,030.58 to your BITCOIN WALLET. / minimum of 0.35 BTC a DAY!! / A week profit of 1.75BTC / TAKE A TRIAL AND EARN. / LETS GENERATE BITCOIN and be EARNERS! / email me now and...' by /u/EngBrown removed from /r/Bitcoin within 574-584min

'''
CONFIGURE your wallet TO SERVER FREE!
Generate $3,030.58 to your BITCOIN WALLET.
minimum of 0.35 BTC a DAY!!
A week profit of 1.75BTC
TAKE A TRIAL AND EARN.
LETS GENERATE BITCOIN and be EARNERS!
email me now and get your daily btc payment
[[email protected]]1
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: EngBrown
1: mailto:[email protected]
submitted by removalbot to removalbot [link] [comments]

Any devs willing to review this?

Hey guys! I'm working on a bitcoin generator that makes the seed and associated master public keys so that those keys can be imported into a watch-only wallet like samourai or electron.
Qvault (the app) is a password manager so the idea is to allows users to generate the seed in the password manager, then just copy the master keys into a watch-only wallet for maximum HODL security.
Here is the code, anyone catch any potential problems with it?
https://github.com/Q-Vault/qvault/blob/lw_bitcoin/src/lib/qvaultBitcoin.js
submitted by kvothe1956 to Bitcoin [link] [comments]

09-05 22:44 - 'Free bitcoin Generator,BTC Ultimate Miner. Latest Updates' (youtu.be) by /u/BITCOIN-KING removed from /r/Bitcoin within 9-19min

Free bitcoin Generator,BTC Ultimate Miner. Latest Updates
Go1dfish undelete link
unreddit undelete link
Author: BITCOIN-KING
submitted by removalbot to removalbot [link] [comments]

Insider info on MAJOR possible scam, targeting non-accredited crypto investors

I have reason to believe there is a major scam brewing under the surface in the STO (security token) side of the crypto industry, targeting non-accredited investors who are involved in traditional crypto.
There’s a guy out of Buffalo, New York who I worked with briefly years ago, a shared acquaintance of another biz colleague of mine. When I found out about their illegal activities in penny stocks and fraudulent debt collection I cut ties with both of them and even reported them at the time.
Recently I found out this particular guy in Buffalo, Todd Wier (full name is Thaddeus Wier Jr.), had gotten into the crypto space as what seems like a new way to money launder and scam average people out of their hard-earned money. He is now the Founder of an STO issuance platform called PrefLogic, and their message is supposedly to “empower the little guy” to raise money through a security token. They preach this message of empowerment for the average person HARD and talk about starting a revolution where anyone can raise money through their platform (side note, platform does not seem to exist yet). They have been raising money overseas from non-accredited people, and I know they raised over $1M. Recently I heard they are planning for another round of fundraising, again from non-accredited investors.
The funny thing is, Todd Wier is from a corrupt family, somewhat similar to the Trumps on the surface. He’s the Jr., and he and his brother used to work for their dad Thaddeus Wier Sr. at his securities company in NY in the 80s & 90s. This is a serious crime family and they are notorious in some circles in New York. There is even a Thaddeus Wier the 3rd now (Todd’s son) who’s also involved in the family businesses, along with Todd’s other kids.
In the 90s, the Weir’s penny stock brokerage company called TAW Securities was shut down for misleading investors and encouraging them to invest in risky stocks that were all connected to the Wier family, like a used car company the family owned. Their investors were average people taking money from their severance and retirement funds who were duped by the Wiers. One investor was a woman who had been laid off and who was supporting a terminally ill husband, and she lost her severance money in these shady investments. This information can all be verified by searching for Thaddeus Wier and TAW Securities online, there are numerous local news articles from the time. Todd Wier personally plead guilty on 2 counts of felony securities fraud and basically got off with community service and a small fine due to their ties to corrupt individuals at the top. He was also banned from participating in securities deals in NY, not that that stopped him from finding ways to skirt the law.
THIS guy is now launching a security token issuance platform targeting the same demographic of users who they defrauded through TAW Securities in the 90s. And you have to wonder why he only wants non-accredited investors to participate in PrefLogic.
Not only that, Todd Wier is deeply connected to a publicly traded penny stock called Bitcoin Generation. Bitcoin Generation is a company that was originally formed in 1998 by Todd Wier and his partners and it has changed its name and business at least 4 times in 21 years. Previous iterations of the company were Centale (Todd was CEO), NexxNow (Todd was CEO), and InoLife Technologies. This shell company, now as Bitcoin Generation, was shut down just this year by the SEC over a suspicious 20 million Euro loan into the company from London.
When I got to know Todd Wier, he was in the debt collection business, buying and selling fake loan data on consumers. There are ongoing investigations and even recent settlements this year for those activities, in multiple states.
I believe this PrefLogic project is a scam in the making, and people need to be aware. This person has a long history going back multiple family generations of scamming the "little guy." Everything I’ve stated here can be verified through news articles, SEC filings, and government websites online. I am purposefully not saying anything else that cannot be backed by provable facts, although there’s a lot more that can be said of the Wiers and their exploits.
I have sat on this information for over a year since I learned Todd was getting into the crypto space. I didn’t think his project would make it this far, but now I am very concerned for investors and his future issuers if PrefLogic ever releases their platform.
Does anyone know what can be done about this?
Edit: Craziest thing happened tonight... a few hours after I posted this, the guy who runs UpTrennd announced an official partnership with these guys. I wonder if people in crypto just don’t even care about these scams anymore, I hope he will see this and do more due diligence before he ties his reputation to this project and gets his followers to invest. Overseas non-accredited people sending a wire transfer to PrefLogic wouldn’t have much legal recourse as far as I know.
submitted by throwaway_scamalert to Bitcoin [link] [comments]

Introduction to Cryptocurrency: BTC, the King of All Tokens

Introduction to Cryptocurrency: BTC, the King of All Tokens
Written by the CoinEx Institution, this series of jocular and easy to understand articles will show you everything you need to know about major cryptocurrencies, making you fully prepared before jumping into crypto!
https://preview.redd.it/d6qqcqnqpsn41.png?width=1638&format=png&auto=webp&s=3e1873bd9f22e159fe5675e1e7314a75eaf61ad4
If you are not in the cryptocurrency field, “BTC” may be a stranger to you, but not the Bitcoin. BTC is the abbreviation for Bitcoin. In addition, it has another name: XBT.
Speaking of BTC, we have to mention one name, Satoshi Nakamoto, father of BTC. His story started from 2008 when a financial crisis broke out across the world, which laid a foundation for the birth of BTC.
On November 1 that year, a person claiming to be Satoshi Nakamoto published the BTC White Paper titled “BTC: A Peer-to-Peer Electronic Cash System” on a P2P foundation website, marking the birth of BTC. Two months later, on January 3, 2009, the BTC genesis block was created. BTC got rid of the constraints of third-party institutions by distributed ledgers, which Nakamoto called the “blockchain.” If users are prepared to dedicate their CPU hashrate to run a special software, they can become a “miner”. While mining new BTC, the miners also set up a network to maintain the blockchain together.
At the time, BTC was considered as a virtual commodity, not a currency, by some countries, banks and government agencies. It wasn’t until one day a man bought two pizzas for the 10,000 BTC he had mined that BTC had its value (What a losing business).
After that, there are ups and downs of the BTC market, but the identity of Nakamoto, has always remained a mystery. Some say he’s from the National Security Agency, and some say he’s a financial expert. But still, he is nowhere to find, and nobody knows anything about him.
The wonderful part of BTC lies in the fact that it is something anyone can mine! But if you think you can mine as many BTC as you want, think twice. To avoid inflation, the upper limit for the number of BTC was set at 21 million. Without relying on the central authority, BTC is issued by the blockchain. Assets and transactions are secured by the digital encryption algorithms and the entire network to resist 51% hashrate attacks. Transaction records are collected and maintained by all computers on the network, and the validity of each transaction must be confirmed by blockchain inspection.
People say, having been widely recognized and used, the BTC technology presents all mankind with an era of blockchain. As the king of cryptocurrency, what makes BTC so special?
1. Decentralization
BTC is the first distributed cryptocurrency. The entire network consists of users and there is no central bank. Decentralization guarantees the security and freedom of BTC.
2.Worldwide circulation
BTC can be managed on any computer connected to the Internet. No matter where you are, you can mine, buy, sell or receive it. That is exactly what makes it a magnet for a lot of miners and users.
3. Exclusive ownership
Controlling your BTC requires your private key, which can be isolated and stored on any storage medium, and no one can get it except yourself. That experience makes you feel so special and secured.
4.Low transaction fees and no hidden costs
The BTC network will charge a certain fee for each transaction to ensure faster transaction execution. In addition, as an A-to-B payment method, BTC does not have tedious procedures or limits, and users only need to provide a BTC address to make payment. How convenient!
5. Cross-platform mining
Bitcoin is definitely a passion for geeks! Miners can discover the hashrate of different hardware on many platforms. BTC mining can be both profitable and fun.
Today the circulating market value of BTC has reached 1.32 trillion, and the reward is halved about every 4 years. In May 2020 we will usher in the third halving of Bitcoin, with a block height of 630,000, and the reward will be directly reduced from 12.5 BTC to 6.25 BTC. By 2140, there will be no more new Bitcoin generated in the world, and the number of Bitcoin in circulation will not exceed 21 million.
If you want to enter the cryptocurrency field, you might as well start by buying BTC. It may present a new door to wealth in front of you, and the key to this door lies in CoinEx. Come on, learn more and trade! https://www.coinex.com/
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