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14 Things We Learned Creating a Million Dollar Hyperdeflationary Currency (DRAFT)

14 Things We Learned Creating a Million Dollar Hyperdeflationary Currency (DRAFT)
Four months ago we made a reddit post announcing a social experiment to create a “self-destructing currency” called BOMB. The reactions were polarizing, to say the least:
Some comments were positive
A currency that no one wants to spend but everyone wants to have would result in an ever growing value. However, it might only be on paper because no one wants to spend it. I wonder what will happen. I really hope this gains popularity, very interesting.
Many comments were negative
Aaand this is why crypto is viewed with such cynicism. People can literally create their own private currencies in their basements.
Multiple comments were entertaining
LOL, I wonder how many FBI safeguards this will trigger.
The success and legitimacy of the project were still to be determined, but one thing was for sure: people were curious.

The Big Bang

On January 15th, we launched one million BOMB into the digital abyss known as the blockchain. The rules of the currency were simple:
  • Only 1,000,000 BOMB would be created.
  • Each time the BOMB is transferred, 1% is destroyed
  • There would never be a newly created BOMB.
Over the following months, more than 750,000 tokens were distributed for free, over 3,000 individuals participated, and over 20,000 BOMB were burned through transfers and trading (2% of total supply). The social communities grew into the multiple thousands, and many respected projects began getting involved.
The intention was not to be used as a transactional currency, but rather a consistently deflating and decentralized store of value.
The problem we were attempting to solve (or at least experiment with) is the token velocity problem that plagues many of the tokens in the market today.
The goal was to become the deflationary currency of the decentralized world. Many currencies focus on speed, cost, and privacy. We focus on deflation.


The Journey

The reaction of the events over the next months took us down a winding road of adventure and a fair share of heart attacks. One day we would get an endorphin rush after the co-creator of the #OccupyWallStreet movement wrote an article; the next day we would find a major vulnerability in the code that would literally cause us to re-issue tokens.
Through it all, the journey has been a rewarding one, and we learned a lot along the way. Here are the top 14 things we learned while creating a million dollar hyper deflationary currency.

1) A Deflationary Asset Can Survive... So Far At Least.

One of the biggest things we wanted to learn when starting the social experiment was to ask:
“Can a deflationary asset survive?”

Good question in theory, but how do you measure that? Do you measure it by price? Do you measure it by how many people hold it? Do you measure by usage?
Within the community, one of our members recently public a “The Bomb Report”, a case study breakdown of some really interesting statistics and analysis of the currency and the success/failures it has had so far.

Total Bombs Burned per Day

Total Bombs Burned Over Time

Price vs. Total Percentage Bomb Burned

2) If You Build it, They Won’t Come

The blockchain industry consists of some of the most talented technical and visionary minds in the world. However, despite this, most average consumers haven’t experienced a blockchain application or used the currencies built on top of it.
While there is still plenty of time for true mass adoption to occur, it has become clear that the amount of technical value being developed is not equating to the amount of activity or users.
We believe this is not for lack of building, but for lack of storytelling and communication. Average consumers don’t resonate with technological features, they resonate with the stories and the advantages within a solution.
Bitcoin, the most successful cryptocurrency to date, has one of the best stories behind it. An anonymous and mystical figure behind the name of Satoshi Nakamoto took his passion and pain from the financial crisis of 2008 to create a better solution.
The building behind BOMB wasn’t intensive or complex at all, just a few dozen lines of code in solidity. But that wasn’t our story. Our story was our journey and social experimentation of a deflationary currency. That is why people joined, and this is what keeps people intrigued still to this day.

3) Hodling is Still Alive & Kicking

Despite the average airdrop value sitting over $200 per participant, 84.5% of people have not touched or moved their BOMB. Out of 3073 current addresses, 2604 people would rather hold than sell their BOMB.

4) The Cryptocurrency Industry is Skeptical by Default

Despite giving away all our tokens for free and answering questions as transparently as possible, the default response was skepticism; and rightfully so.
Despite over $13,000,000,000 in public capital allocated to the decentralized world in the first half of 2018 alone, over 1000 projects are now dead. Many of the people who joined the industry joined during this time and still feel the resentment to this day.
While it will probably take many years to overcome this skepticism, and may never go away, we learned it is important to take every comment and negative remark in stride. Some are valid concerns, but a majority aren’t actually mad or disgruntled with you, but at the industry as a whole.

5) Going from 0 to 1 is 10x harder than 1 to 10

Like most projects, when we started, our followers and community count started at zero.
During the first few weeks of sharing the story of BOMB with a few friends, the growth was extremely slow (relative to what it is today) at maybe 1–5 people per day.
Nobody wants to be the first to the party. When you’re walking down the street, everyone assumes the crowded bar is better than the empty bar. The one thing you can do to overcome this early stage is making your early adopters feel like absolute VIPs.
More than the early adopters getting more free tokens than everyone else, myself and the co-creators spent endless hours on telegram talking with each and every single person who joined. There was not a lost soul who wandered into our group that didn’t get an overly ambitious introduction.
This is the core and foundation that will set everything in motion. While I no longer introduce myself to every new person to the group, our community does, and its an amazing feeling.

6) Clear & Concise Communication is Everything

When I first started telling my friends about BOMB, the natural response was “What else does it do?”
We as humans have a natural instinct to think more is better. Many founders start with a very clear mission to create something like a comfortable chair but they end up explaining their product as an “Anti-Gravitational Sitting Apparatus to Disrupt the Entire Furniture Industry with Built-in LED Lights and Omni-Rocking Functionality”
The problem is when we try to communicate this vision to the world, our vision becomes convoluted and messy. The most successful projects to date consist of the ones doing one thing better than anyone else.
When people explain what BOMB is, they explain it very clearly and concisely: A deflationary currency. When people explain how BOMB works, they easily recall and reference the three rules of the currency as stated above.

7) Transparently Bad News is Better than No News

The biggest “OH SNAP” moment for BOMB occurred in February, just a few weeks after airdropping our creation to the world. A community member following the project found an error on the code that could open up the currency to exploitation in the future.
Rather than attempting to hide the situation, we made a medium post to explain the situation and news to the community.
Just a few weeks ago, many of our community members began to get anxious about a potential exchange listing that was taking longer than expected. While frustrating to take criticism for items we couldn’t control, we wrote a 19 thread tweet storm titled “Transparency Update”. Despite the negative news, the community loved it and felt closer to the project than ever.
People many times don’t mind what happened, as long as they understand why you did it, and the reasoning behind it. Yes, there will always be that 10% that won’t accept your answer. But the people who truly care about your vision and value will stick with you. Those are the people who matter.

8) You Don’t Need to Spend $25,000 on an Exchange

Getting on an exchange after raising zero capital was definitely hard. We made a commitment early on that we would never ask our community for money, so everything we did had to be extremely scrappy and resourceful.
To help get us off the ground, a few of our early members kept talking about a community/technology called ParJar. In short, this was a telegram bot we could implement that allowed our community to openly trade BOMB instantly and feeless whenever they wanted.
There are a lot of items that helped us build our community, but we believe ParJar gave us more native engagement than any other campaign we have done. This organic incentivization ecosystem for individuals to exchange assets was and continues to be the backbone and foundation for our growth.

9) Not All Exchanges Are Created Equal

Even at the peak of the bear market, exchanges attempted to charge anywhere between $20,000 and $250,000; and those were the low-level ones. We definitely couldn’t afford this.
After doing more research, we narrowed down our goals with exchanges and what we were trying to accomplish. While many projects immediately want to get on the “bigger volume” markets, research showed there were only a handful of exchanges that had real volume. The rest were doing a lot of wash trading.
Instead of going after the top level exchanges, we focused on connecting with other respected and up-and-coming exchanges that would be willing to work with us on integration. The deflationary features inside our contract make us incompatible with many exchanges. This was a full-time job in itself.
After many months of searching, we were able to really connect with the team at DDEX (an exchange that is venture backed by reddit’s co-founder) that saw the potential in BOMB and took a chance on us.

10) Liquidity Premium is a Real Thing

While I have heard the term ‘Liquidity Premium’ before, I didn’t quite know how this would impact a deflationary currency. In short, a liquidity premium occurs when something costs more/less because it has high/low liquidity.
The best way for me to think of this is a house. Although houses are valuable, they many times take months to be sold or liquidated for cash. Because of this, prices can be up to 20–30% lower than it would be if it were liquid.
In relation to BOMB, our goal from the beginning was to decrease token velocity as much as possible. The side effect of this was low liquidity.
As soon as we reached Mercatox (a centralized exchange that didn’t burn the tokens) BOMB value increased by nearly 25–50% overnight.
Of course, we can probably attribute some of this to new eyeballs and demand, but it has been interesting to watch the arbitrage between a DEX (burns BOMB) and a CEX (doesn’t burn BOMB).

Price After Mercatox Listing

11) The Market Decides Value, Not the Founders

One of the biggest questions we got in the early days was:
How much are BOMB worth?
When we explained that the tokens were being given away for free, many equated this to no value.
In traditional coins or tokens, the value is determined (or at least decided) by the founders at the price they are willing to sell them at. If XYZ project decides to launch an ICO and sell them at $1, that is the given “value” of the token.
The problem with this premise is that this initial value is completely arbitrary and theoretical until it can be actively traded. I can attempt to sell my car for $250,000, but if the market will only pay me $250, that’s what its worth.
If we learned one thing from the 2018 bear market, its that the founder’s of projects are very bad at knowing the intrinsic value of their own tokens; many times 90–99% off.
Rather than giving our token an arbitrary number, we gave every single token away for free and let the world decide its value.

12) Capital is a Luxury, Not a Necessity

In the startup world, people many times reference the Lean Startup approach. The premise is pretty simple, get your idea into the world for as little amount of money as possible, and see if the world is willing to give it value. In the cryptocurrency world, everything seems to be backward.
Cryptocurrencies spend months planning an ICO, then another few years developing a project, only to find out if their idea is worth building. Millions of dollars are spent on the building before confirming the demand.
IF you truly believe you have an idea that people want or need, and IF you are willing/able to build an MVP first, and IF you want to build a community fueled project; give a portion away for free and let the market decide your fate.
Then, if the market gives it a thumbs up, you have some liquid capital to build your grand vision; all while raising zero capital.

13) Code is Replicable, Community is Not

One mission of BOMB from the beginning was to hopefully provide a financial case study for other people to learn from and implement into their own tokenomic structure.
We anticipated and expected others to do this. But, what we did not expect is the number of exact copy cats that would arise of the first weeks. At this time on Etherscan, there are more than five other replicas of BOMB that people created.
While we were originally discouraged at others attempting to directly imitate our project, we quickly learned that what made BOMB special was no the code, but the community of people around what we were creating.
You can copy code, but you can’t copy a community.

14) People Who Truly Believe in Something Will Go Above and Beyond

To this day, we haven’t paid anything beyond a few #BombUp rewards to our community. And yet, they do some of the most creative, amazing, and impressive creations we could have ever asked for.

Report: An in-depth financial and data-driven report on BOMB explosions, price, and analytics trends.
Art: Everything from designs to stickers for the community to use and play with.
Bomb Up: A community member-run group that gives away BOMB every day for playing telegram games.
Articles: Some of the most passionate people writing in-depth articles about the project.
Languages: Alternative languages that wanted to discuss BOMB in Russian and German.


There is no doubt that to some, BOMB will be nothing more than a meme coin, and we are okay with that.
One of the most fascinating parts of this experiment has been watching our original meaning, goal, and vision of BOMB change and evolve for other people over time. Instead of attempting to control the dialogue, we let the community interpret the project in whatever way they want.
This individual empowerment has truly given the currency a life of its own and the amount of fun, insight, and overall awesome people we have been able to connect within our short lifespan has been nothing short of amazing.
At the current rate of deflation, if the current pace stays constant the last BOMB is expected o be destroyed by 2031.

BombLytics Bot


If you would prefer reading or sharing this story through a medium format, here is the link.
submitted by Kowallo to u/Kowallo [link] [comments]

BURST giveaway! Own some of the first proof-of-capacity coin!

As we all know, there are many cryptocurrencies out there. It's difficult to find the ones which offer something interesting, useful, or game changing. Well, I think I found one, and I want to personally promote it.
Burstcoin is the first proof-of-capacity (POC) coin. What is POC? Basically, it uses hard drive space as mining power. You write chunks of data called "plots" to your drive which are then used during mining. This consumes much less power than proof-of-work coins like Bitcoin or Litecoin. You can probably think of a plot like a lottery ticket; the more tickets you have, the better your chances to win. Burstcoin's infrastructure (e.g. wallet, network, etc.) is based on NXT, the #6 cryptocurrency by market cap ( http://coinmarketcap.com/ ). This gives it many useful features like a built-in asset exchange, simple messaging, named accounts, and many others. Burstcoin was not pre-mined (unlike NXT, which was fully pre-mined).
Who am I? I work in the cryptocurrency space; I'm currently working at a large Bitcoin mining operation, and I'm a day trader of cryptos. I like the ideas of cryptocurrencies and the possibilities of the blockchain. I'm a Bitcoin proponent. I believe that there can be multiple successful cryptocurrencies. And I've been intrigued enough by Burstcoin that I'm starting a hosted mining service for it: http://burst.farm
If you're new to Burstcoin, be one of the first 100 people to reply to this post and I'll send you 100 BURST. If you need a free wallet access portal, go to https://burst.farm:8125 (unlike coins like Bitcoin, this does not host your funds; the passphrase is just a key into the BURST blockchain and you can access your funds from any access portal, on your machine or elsewhere). I'm currently using a self-signed certificate, so you can just accept the error; this will secure your connection to the server. Enter a passphrase or let it generate one for you (and SAVE IT! This is the only way to get into your BURST wallet). Or you can use one of the two exchanges listed below. Paste your new BURST-XXXX-XXXX-XXXX-XXXXX address in your reply here. Then, to fully activate your account, spend 1 BURST (the easiest way is to set your account name, which costs 1 BURST).
Welcome to Burst!
burst.farm Official (for messaging, assets, etc.)- BURST-QU5F-86S5-L8BP-CMNNK
(Edit: formatting links, added exchanges and IRC channel, explained self-signed certificate)
submitted by sestertius753 to CryptoCurrency [link] [comments]

How to earn Bitcoin?

Overview - Table of Contents Introduction to Earning in Bitcoin Work for Bitcoin Sell for Bitcoin Affiliate Programs Gambling Bitcoin Mining Hardware Mining Cloud Mining Introduction to Earning in Bitcoin Bitcoin is the most popular digital currency in the world today. Bitcoin cloud mining is the fastest way to immediately begin earning bitcoins. Bitcoin is built using very complicated cryptographic principles, and supported by countless individuals and companies from all around the world. By early 2016, total Bitcoin market capitalization had crossed USD 7 Billion, making it almost as valuable as the GDP of a small country like Bahamas. All the other digital currencies together do not constitute even 20% of Bitcoin’s market capitalization, underlining the its dominance and importance in the world of digital currencies.
With such a huge amount of world’s capital available in the form of Bitcoins, the number and types of opportunities to earn in bitcoins are increasing by the day. In this article we will discuss such opportunities that help us earn bitcoins.
We will start with the easiest, or the one that is applicable for the maximum number of people, and then move to the tougher ones. In the end we will cover earning bitcoins by mining. Bitcoin mining is not an easy way to earn bitcoins, but we do have a number of easier ones we will discuss first. So lets start with ‘earning bitcoins by offering your services’
Work for Bitcoin Perhaps the easiest way to earn bitcoins is to work online or in real life for bitcoins. Because of the huge size of the bitcoin eco-system, a number of such opportunities and jobs are available. With Billions of dollars invested in Bitcoin by tens of thousands of people, there is a real market in Bitcoin, where you can find jobs for freelancers, software developers, writers, and others who get paid in bitcoins for their services.
Software development, writing, design, making websites or apps, audio transcription, are some of the most active types of jobs. You can easily discover the types of jobs by going over the more popular job boards for bitcoin related work. The following job boards or forums are some of the best places to look for such jobs or gigs.
XBTfreelancer Cryptogrind Bitlancerr Coinality Bitgigs Jobs4Bitcoins Rein Project Crypto Jobs List Market Places
OpenBazaar Purse.io Bitify /bitmarket 21 Market Video Streaming
Watchmybit Streamium.io Tasks
Bitasker BitforTip WillPayCoin File/Image Sharing
Supload.com SatoshiBox JoyStream Advertising
CoinAd A-ads Coinzilla.io Also, check BitcoinGames for ideas on earning bitcoin and blockchain game assets.
Sell for bitcoin You can also get Bitcoin by selling your old laptops, phones or other items for Bitcoins. Such types of transactions are happening more and more, and a lot of buyers are already buying anything from iPhones to even cars by paying with Bitcoins. For Americans, Craigslist.com is your best bet when you want to find such buyers. You can mention in your ad that you are willing to take payment in Bitcoin. This way if anyone wants to buy the item for you for Bitcoin, they can contact you and make an offer. The same principle applies to other online marketplaces such as gumtree for UK, kijiji for canda etc.
Affiliate Programs Affiliate programs allow a promoter of a business or product to earn money or bitcoins by refering new clients to such businesses or products. For example, amazon.com has a popular affiliate program, where you can earn commission ranging from 2% to 20% for refering clients to products listed on amazon.com. Amazon normally pays in dollars, but there are a number of other sites and businesses which pay you in bitcoin for acting as their affiliate.
Some of the more popular affiliate programs that pay out in Bitcoin are by the sites: cex.io, coinbase.com, okcoin.com and namecheap.com, among others. You can find a larger list of such affiliate programs on the bitcoin wiki page for Affiliates.
Gambling We do not recommend gambling for every player or every user; we find that gambling is only suitable for people who know how to win at it. However, if you are one of such lucky users who have some tricks up their sleeves, and can manage to win at games such as poker, then you will find that earning bitcoins is not that hard.
One of the many applications of bitcoin since the very beginning have been in betting games or gambling. Because of the relative anonymity of bitcoin, and the lower fees, it is very suitable for gambling related applications. Indeed, one such game, satoshiDICE, has been running since 2012, and has paid out a huge number of bitcoins in innumerable transactions to its winners. There are many such games, which you can find be googling.
If you want to gamble totally anonymously, you can play gambling or betting games that are available only on darknet or .onion sites. Such sites allow you to browse them anonymous by operating on the tor network, which is a secure network that allows users to browse .onion websites without exposing their own IP address.
Bitcoin Mining For each block that is added to the Bitcoin Blockchain, a number of bitcoins are rewarded to the creater of that block. This reward is currently, as of June 2016, 25 bitcoins per block, and it halves every four years. The next halving will be in July 2016. Creating or finding the new blocks, and therefore winning the reward of 25 bitcoins for each block you create, is called bitcoin mining. To do bitcoin mining successfully, you need very powerful computers, which compete with other computers to find the next block. The speed or power of computer that do bitcoin mining is calculated in hashes calculated per second.
There are two ways to do bitcoin mining: one is to own hardware or computers that do the mining, and second is to hire the hardware from a third party, usually online, and do the mining on the cloud. Let us discuss the advantages and disadvantages of both in next two sections.
Hardware Mining When you own the hardware that does the calculations and mining of bitcoins, its called hardware mining. Hardware mining is the more popular or prevalent of the two types of mining we mentioned. One of the biggest factors which comes into play when doing bitcoin mining using your own hardware is the price of electricity. If you pay top price for electricity, then bitcoin mining may not be your cup of tea. Another related factor is infrastructure needed to cool the hardware; since every cpu generates some amount of heat, you may need to cool the hardware in case they become too heated. No wonder that some of the most successful miners work from China, specially Tibet, where they can get cheap electricity, and their cooling costs are low due to high altitude which reduces the ambient temperature for them.
For a more in-depth information on how to setup your hardware mining equipment, have a look at the Antminer setup page.
Currently, based on (1) price per hash and (2) electrical efficiency the best Bitcoin miner options are:
AntMiner S7 AntMiner S7 Bitcoin Miner 4.73 Th/s 0.25 W/Gh 8.8 pounds Yes $479.95 AntMiner S7 Bitcoin Miner 0.1645
AntMiner S9 AntMiner S9 Bitcoin Miner 13.5 Th/s 0.098 W/Gh 8.1 pounds Yes $1,987.95 AntMiner S9 Bitcoin Miner 0.3603
Avalon6 Avalon6 Bitcoin Miner 3.5 Th/s 0.29 W/Gh 9.5 pounds No $499.95 Avalon6 Bitcoin Miner 0.1232 Cloud Mining There are a number of service providers that allow you to rent computational hardware from them, which can then be used to do bitcon mining. Some of these services are designed with bitcoin mining in mind, whereas others such as Amazon AWS are general purpose services that can also be used to do bitcoin mining.
Some of the cloud mining services which can be used to do bitcoin mining on the cloud are:
Hashflare Review: Hashflare offers SHA-256 mining contracts and more profitable SHA-256 coins can be mined while automatic payouts are still in BTC. Customers must purchase at least 10 GH/s.
Genesis Mining Review: Genesis Mining is the largest Bitcoin and scrypt cloud mining provider. Genesis Mining offers three Bitcoin cloud mining plans that are reasonably priced. Zcash mining contracts are also available.
Hashing 24 Review: Hashing24 has been involved with Bitcoin mining since 2012. They have facilities in Iceland and Georgia. They use modern ASIC chips from BitFury deliver the maximum performance and efficiency possible.
Minex Review: Minex is an innovative aggregator of blockchain projects presented in an economic simulation game format. Users purchase Cloudpacks which can then be used to build an index from pre-picked sets of cloud mining farms, lotteries, casinos, real-world markets and much more.
Minergate Review: Offers both pool and merged mining and cloud mining services for Bitcoin.
Hashnest Review: Hashnest is operated by Bitmain, the producer of the Antminer line of Bitcoin miners. HashNest currently has over 600 Antminer S7s for rent. You can view the most up-to-date pricing and availability on Hashnest's website. At the time of writing one Antminer S7's hash rate can be rented for $1,200.
Bitcoin Cloud Mining Review: Currently all Bitcoin Cloud Mining contracts are sold out.
NiceHash Review: NiceHash is unique in that it uses an orderbook to match mining contract buyers and sellers. Check its website for up-to-date prices.
Eobot Review: Start cloud mining Bitcoin with as little as $10. Eobot claims customers can break even in 14 months.
MineOnCloud Review: MineOnCloud currently has about 35 TH/s of mining equipment for rent in the cloud. Some miners available for rent include AntMiner S4s and S5s.
Written by Bitcoin Mining on May 4, 2016.
submitted by mibmabus to u/mibmabus [link] [comments]


As of the moment there are so many cryptocurrency exchanges in the internet where we crypto traders can do our trading. Most of these exchanges recently facing some issues such as security, demand, unstable website, poor API, poor support and many more. In summary, current exchanges are providing poor services to their users.
These issues would like to be addressed by QURREX. It is a combination of CEX- centralized exchange) the most effective solution in creating maximum possible liquidity across the majority of types of trading instruments, and DEX -decentralized exchange an indispensable tool for creating liquidity in low-liquidity instruments such as tokens issued as part of an ICO or the numerous altcoins. It is a multi-functioning platform that has a centralized node, which is comparable in its effectiveness to modern, cutting edge traditional exchanges. It has a client functionality that meets the demands of users of leading exchange and FX brokers. An it is using the blockchain network which resolves the problems of secure storage and eliminates the man in the middle, and, on the other, provides the user with aggregated liquidity from all network nodes, including the centralized platform.
If we will compare to other exchange, qurrex exchange platform is achievable for some exchange with years of effort.
Features of the Hybrid exchange Qurrex: CEX one of the nodes of DEX
The formation of an aggregated order queue based on data received from all the system’s nodes (both the centralized and decentralized nodes). Routing of the aggregated queue’s orders to the blockchain network. Identification of the system nodes where the best instrument prices are located and to which it is necessary to send the ordetransaction submitted by the client (when it is possible to make a deal at the price specified in the order). Including the order in the blockchain. Receiving information on matching results. Note: an order which cannot be fulfilled at the time it is displayed, due to the absence of a suitable price on the whole hybrid exchange system, is listed on the node on which it was originated. Essentially, each node of the hybrid exchange will provide the user with the Best Execution service, obligatory for broker companies in most countries with a developed financial market.
The issue with CEX are these:
lack of protection and an insufficient level of security (fraud, theft of cryptocurrency from wallets, theft of personal data); insufficient liquidity, especially across low-liquidity instruments; lack of rapid, connection-friendly APIs; low capacity and substantial delays in completing operations in the bidding system; lack of formal transparency, in particular, public and liaison protocols for interacting with clients in the event of any issues arising; malfunctioning due to limited productivity; insufficient performance for peak trading activity periods; non-adherence to the obvious rules of business practice; malfunctions as a result of excessive traffic; interfaces (both graphical and application programming) provide only restricted analysis and trading functionality, for example: lack of mobile applications, incomplete set of tools for graphical and technical analysis, non-user-friendly interface, poorly customizable user interface; slow processing of deposits/withdrawals, limited means of such deposits/withdrawals; unsatisfactory level of customer servicing, for example long response time from technical support services, lack of telephone support; narrow choice of trading instruments, lack of “hot”/new cryptocurrencies and tokens. While DEX issues are these:
secure storage of funds/cryptoassets; the vulnerability of the central link/intermediary; the search for a counteragent interested in a deal; the transparency of completed operations; cross-blockchain exchange (e.g. Bitcoin for Monero); supply/demand volumes on equal terms for all market participants. CONCLUSION:
Therefore, Combining CEX and DEX to a single Hybrid exchange will make more thing easier and reliable for crypto trader. Qurrex will be the optimal solution that each and every veteran, newbie traders and brokers will use in the future. Positively, it will attract more clients as it will offer more stability and excellent service in terms of handling their users.
Token symbol: QRX
Token standard: ERC20
Token type: Utility
Total token supply: 70m
Total token for sale: 55m
Total token for pre-sale: 17m
Country of incorporation — Cayman Islands
Website: https://qurrex.com/
Bitcointalk: https://bitcointalk.org/index.ph...
Medium: https://medium.com/qurrex
Facebook: https://www.facebook.com/qurrex/
Twitter: https://twitter.com/qurrex
Telegram: https://t.me/qurrex, https://t.me/qurrex_chat
Kindly follow me on:
Facebook: https://www.facebook.com/Kho2x
Twitter: https://twitter.com/cocojam061015
Medium: https://medium.com/@ricodominoco...
Reddit: https://www.reddit.com/useCoco...
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Bitcointalk: https://bitcointalk.org/index.ph...
submitted by Cocojam0610 to u/Cocojam0610 [link] [comments]

Importing old encrypted private keys????

This has me stymied.
tl;dr: I have base64-encoded encrypted private keys that I can't figure out how to decrypt to use.
So, I finally remembered what way back I threw some BTC at cex.io, and I wanted to put them back into a wallet I had control over. Well, their system is shit, and apparently though I had once verified a phone for 2fa with them, they only take the authenticator code, and my authenticator code isn't working.
So, they need a signed hash for the deposit address. Well, back then I was using Bitcoin Core instead of Mycelium, but no problem! (Hah! It was the bitcoin android app) I have encrypted exported private keys, so it's just a matter of importing them and then signing, right? Wrong. So wrong.
So my keys look something like
now, importprivkey doesn't work in core. Well, are these really encrypted? Running a base64-decode on them returns Salted__†f&HOô°*‰7¬/zSv ”™9¿:1eú... so yeah, that looks like a properly encoded encryption string.
Now, the internet gives me plenty of references on how to import an decrypted private key, or application-specific types of encoded keys, but this looks pretty straightforward yet nothing recognizes the format.
I mean, I could even write something up in a pinch as long as I knew the exact algos these types of exports were put through, but it seems insane there isn't a tool.
Trying this stackexchange comment just gives me bad decryption results (which could be anything from the suggested algo to expected formats, or even possibly that the decryption key has an !). Screenshot
Solution: Use a decryption of the form
openssl enc -in FILE_OF_KEYS -a -d -salt -aes256 -pass pass:"PASSWORD_HERE"
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How to create c-cex account & deposit BITCOIN in it ENGLISH How to Deposit Crypto to CEX.IO Account How to buy and sell bitcoins on CEX IO How to buy bitcoin on CEX.IO and send to external wallet ... How to secure your bitcoin wallet on cex.io

Check Bitcoin (BTC) address bc1qwqdg6squsna38e46795at95yu9atm8azzmyvckulcc7kytlcckxswvvzej balance and its transactions CEX.IO LTD, CEX.IO Corp. and CEX.IO Limited are collectively managing the Platform CEX.IO Corp. NMLS #1804170 serves United States residents only in jurisdictions where it is licensed to operate CEX.IO Limited serves companies from the European Union and is regulated by the Gibraltar Financial Services Commission as a DLT Provider under the ... To find your bitcoin cash receiving address, to which you can receive BCH, click Request within your Blockchain.com Wallet and select Bitcoin Cash in the Currency dropdown menu.. If you are inputting your Blockchain.com Wallet-generated bitcoin cash address into another platform or exchange and it is coming up as invalid, this may be due to format incompatibility. To help cut down on confusion a new BCH address format was introduced called the "cash address" format (or cashaddr for short). All BCH addresses using the new "cash address" format, will start with either the letter "q" or "p" (If providing an address to receive Bitcoin Cash (BCH), we highly recommend that you provide a BCH in the "cash ... A Bitcoin address, or simply address, is an identifier of 26-35 .. Similarly, is..Eine Alternative zu dem Pool oder Single Mining ist das Bitcoin Address In Cex Io Cloud Mining. CoinCentral bitcoin address prefix What sofort to bitcoin is a Bitcoin address? You could put the text on an USB drive—or even write it down on a piece of paper.

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How to create c-cex account & deposit BITCOIN in it ENGLISH

How to send and receive Bitcoin from Blockchain Buy Bitcoin With Visa Card https://cex.io/r/2/up119983623/2 🔴 BITCOIN LIVE 🔴 BTC Respecting the T.A. DISNEY MOON - Ep.1073 - Crypto Technical Analysis Mitch Ray 832 watching Live now I Tried Creating A $100,000 Shopify Dropshipping Business In 7 Days ... If you’re wanting to get started buying and selling cryptocurrencies such as Bitcoin, Ether, Dash, or Stellar, but are wondering which exchange to use, So you must use exchanges CEX.io . What is ... Check out this short video on how to deposit crypto to your CEX.IO account. 0:07 To make a crypto deposit to CEX.IO, go to the Finance page in your account, select the cryptocurrency you would ... This Video Explains and Demonstrates how you can get your BTC Wallet address from your C-Cex.com account.