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/r/LiteCoinDark

Litecoindark specs... Algorithm: Scrypt Halving: 12813 blocks Initial coins per block: 3200 coins Target spacing: 1 minute Target timespan: 5 hours Coinbase maturity: 5 blocks Max Coins: 82.003.200
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04-28 14:14 - 'Hi crypto mining fans! Looking for Antminer S19 Pro 110Th/s, Antminer K5, StrongU STU U6, Innosilicon A10? Get the lowest price with 35% reduced prices and free shipping!' (halvmining.site) by /u/Best_Line removed from /r/Bitcoin within 4-14min

Hi crypto mining fans! Looking for Antminer S19 Pro 110Th/s, Antminer K5, StrongU STU U6, Innosilicon A10? Get the lowest price with 35% reduced prices and free shipping!
Go1dfish undelete link
unreddit undelete link
Author: Best_Line
submitted by removalbot to removalbot [link] [comments]

Bitcoin Newcomers FAQ - Please read!

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
It all started with the release of the release of Satoshi Nakamoto's whitepaper however that will probably go over the head of most readers so we recommend the following videos for a good starting point for understanding how bitcoin works and a little about its long term potential:
Some other great resources include Lopp.net, the Princeton crypto series and James D'Angelo's Bitcoin 101 Blackboard series.
Some excellent writing on Bitcoin's value proposition and future can be found at the Satoshi Nakamoto Institute.
Some Bitcoin statistics can be found here and here. Developer resources can be found here. Peer-reviewed research papers can be found here.
Potential upcoming protocol improvements and scaling resources here and here.
The number of times Bitcoin was declared dead by the media can be found here (LOL!)

Key properties of Bitcoin

Where can I buy bitcoins?

Bitcoin.org and BuyBitcoinWorldwide.com are helpful sites for beginners. You can buy or sell any amount of bitcoin (even just a few dollars worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also check out the bitcoinity exchange resources for a larger list of options for purchases.
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy OTP Auth
Android Android N/A
iOS iOS iOS

Watch out for scams

As mentioned above, Bitcoin is decentralized, which by definition means there is no official website or Twitter handle or spokesperson or CEO. However, all money attracts thieves. This combination unfortunately results in scammers running official sounding names or pretending to be an authority on YouTube or social media. Many scammers throughout the years have claimed to be the inventor of Bitcoin. Websites like bitcoin(dot)com and the btc subreddit are active scams. Almost all altcoins (shitcoins) are marketed heavily with big promises but are really just designed to separate you from your bitcoin. So be careful: any resource, including all linked in this document, may in the future turn evil. Don't trust, verify. Also as they say in our community "Not your keys, not your coins".

Where can I spend bitcoins?

Check out spendabit or bitcoin directory for millions of merchant options. Also you can spend bitcoin anywhere visa is accepted with bitcoin debit cards such as the CashApp card. Some other useful site are listed below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Spendabit, Overstock and The Bitcoin Directory Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg and Dell For all your electronics needs
Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, LivingRoomofSatoshi, Coinsfer, and more Bill payment
Menufy, Takeaway and Thuisbezorgd NL Takeout delivered to your door
Expedia, Cheapair, Destinia, Abitsky, SkyTours, the Travel category on Gyft and 9flats For when you need to get away
Cryptostorm, Mullvad, and PIA VPN services
Namecheap, Porkbun Domain name registration
Stampnik Discounted USPS Priority, Express, First-Class mail postage
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. If you would prefer to keep it simple there are several good options. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
WorkingForBitcoins, Bitwage, Cryptogrind, Coinality, Bitgigs, /Jobs4Bitcoins, BitforTip, Rein Project Freelancing
Lolli Earn bitcoin when you shop online!
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
/GirlsGoneBitcoin NSFW Adult services
A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins.

Bitcoin-Related Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network Second layer scaling
Blockstream, Rootstock and Drivechain Sidechains
Hivemind and Augur Prediction markets
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
JoinMarket and Wasabi Wallet CoinJoin implementation
Coinffeine and Bisq Decentralized bitcoin exchanges
Keybase Identity & Reputation management
Abra Global P2P money transmitter network
Bitcore Open source Bitcoin javascript library

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
bitcoin BTC 1 bitcoin one bitcoin is equal to 100 million satoshis
millibitcoin mBTC 1,000 per bitcoin used as default unit in recent Electrum wallet releases
bit bit 1,000,000 per bitcoin colloquial "slang" term for microbitcoin (μBTC)
satoshi sat 100,000,000 per bitcoin smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit.
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BitcoinFan7 to Bitcoin [link] [comments]

The Blackmail Email Scam (part 6)

IF YOU RECEIVE A BLACKMAIL EMAIL, PLEASE REDACT THE PERSONAL INFORMATION AND POST IT AS A COMMENT ON THIS THREAD SO THAT OTHERS WHO RECEIVE THE SAME EMAIL CAN FIND IT THROUGH GOOGLE.

BLACKMAIL EMAIL SCAMS ARE ALSO SENT VIA SMS (TEXT) AND PHYSICAL MAIL. REGARDLESS OF THE METHOD, THEY ARE SPAM AND THE POST BELOW GIVES YOU INFORMATION AND ADVICE ABOUT WHAT TO DO.

FIRST THREAD: https://reddit.com/Scams/comments/8gsjba/the_blackmail_email_scam/

SECOND THREAD: https://reddit.com/Scams/comments/9srjen/the_blackmail_email_scam_part_2/

THIRD THREAD: https://reddit.com/Scams/comments/biv65o/the_blackmail_email_scam_part_3/

FOURTH THREAD: https://reddit.com/Scams/comments/dohaea/the_blackmail_email_scam_part_4/

FIFTH THREAD: https://old.reddit.com/Scams/comments/g8jqnthe_blackmail_email_scam_part_5/

There have been many recent posts about the blackmail email scam, so I have written this post and will keep it stickied until the posts about the scam die down. Blackmail email scams have that name because they started as an email spam campaign, however there have also been reports of these scams being sent via SMS and physical mail. If you are reading this because you have received one of these emails and you are worried, you can stop worrying. The blackmail email scam is a spam campaign that is sent out to thousands of addresses at a time. The threats are lies and you do not have anything to worry about. In many cases, the emails will contain some sort of privileged information about you such as your name, part or all of your phone number, and your password. The emails may also look like they were sent from your own email address. The data is gathered from data breaches, and if the email looks like it came from your account that is due to email spoofing. You can use the service Have I Been Pwned? to see if you are in any publicly known data breaches. If you receive an email that contains a password that you currently use, you should immediately change that. Current recommended password guidelines say that you should use a different, complex password for every account. You can generate and save passwords using a password manager for convenience. You should also be using two factor authentication using an app like Google Authenticator instead of receiving codes through SMS.
Here are some news articles about this scam. Here is a story from Brian Krebs, and here is a story from the New York Times.
Below are a few examples, but if you receive an email that is similar but not the same as the examples you see, that does not matter and does not mean that the email is real. The spammers constantly switch up their templates in order to bypass spam filters, so it's normal to receive an email that hasn't yet been posted online.

EXAMPLES

Hey, some time ago your computer was infected with my private malware, RAT (Remote Administration Tool).
I know at the time of infection your passwords was: xxxxxxxxxxx
My malware gave me full access to all your accounts, contacts and it also was possible to spy on you over your webcam.
Sometimes when I was bored I was spying on you, then once you started to SATISFYING YOURSELF!
At first I didn't knew how to react as I was shocked, then I decided to record you, I checked on google and found the software: Bandicam and it did the job.
After that I removed my malware to not leave any traces and this email was sent from some hacked account.
I can send the video of you to all your friends, contacts and publish it on social networks and the whole web.
You can stop me and only I can help you out in this situation.
Pay exactly 740$ in Bitcoin (BTC).
It's easy to buy Bitcoin (BTC), for example here: https://paxful.com/buy-bitcoin , https://www.buybitcoinworldwide.com/ , https://www.kraken.com/ , or google another exchanger.
My Bitcoin (BTC) wallet is: xxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Yes that's how the wallet looks like, copy and paste it, it's (cAsE-sEnSEtiVE)
I give you 3 days time to pay.
As I got access to this email account, I will know if this email has already been read, so the time is running.
After receiving the payment, I will remove the video and you can life your live in peace like before.
Learn from the mistake and update your browser before browsing the web next time!
I know XXXX is one of your password on day of hack..
Lets get directly to the point.
Not one person has paid me to check about you. You do not know me and you're probably thinking why you are getting this email?
in fact, i actually placed a malware on the adult vids (adult porn) website and you know what, you visited this site to experience fun (you know what i mean).
When you were viewing videos, your browser started out operating as a RDP having a key logger which provided me with accessibility to your display and web cam.
immediately after that, my malware obtained every one of your contacts from your Messenger, FB, as well as email account.
after that i created a double-screen video. 1st part shows the video you were viewing (you have a nice taste omg), and 2nd part displays the recording of your cam, and its you. Best solution would be to pay me $1004.
We are going to refer to it as a donation. in this situation, i most certainly will without delay remove your video.
My -BTC -address: 1GohL1jDz8BapZhohN2Xry6AKPq6PiJrjw [case SeNSiTiVe, copy & paste it]
You could go on your life like this never happened and you will not ever hear back again from me. You'll make the payment via Bitcoin (if you do not know this, search 'how to buy bitcoin' in Google).
if you are planning on going to the law, surely, this e-mail can not be traced back to me, because it's hacked too.
I have taken care of my actions. i am not looking to ask you for a lot, i simply want to be paid.
if i do not receive the bitcoin;, i definitely will send out your video recording to all of your contacts including friends and family, co-workers, and so on.
Nevertheless, if i do get paid, i will destroy the recording immediately.
If you need proof, reply with Yeah then i will send out your video recording to your 8 friends. it's a nonnegotiable offer and thus please don't waste mine time & yours by replying to this message.
I know xxxxxxxxxxxx is one of your password on day of hack.. Lets get directly to the point.
Not one person has paid me to check about you.
You do not know me and you're probably thinking why you are getting this email?
in fact, i actually placed a malware on the adult vids (adult porn) website and you know what, you visited this site to experience fun (you know what i mean).
When you were viewing videos, your browser started out operating as a RDP having a key logger which provided me with accessibility to your display and web cam.
immediately after that, my malware obtained every one of your contacts from your Messenger, FB, as well as email account. after that i created a double-screen video. 1st part shows the video you were viewing (you have a nice taste omg), and 2nd part displays the recording of your cam, and its you.
Best solution would be to pay me $1013.
We are going to refer to it as a donation. in this situation, i most certainly will without delay remove your video.
My -BTC -address: 1KzA7GYSyvXCmPpojZ4qTbZGmjjbbSfwBg
[case SeNSiTiVe, copy & paste it]
You could go on your life like this never happened and you will not ever hear back again from me.
You'll make the payment via Bitcoin (if you do not know this, search 'how to buy bitcoin' in Google). if you are planning on going to the law, surely, this e-mail can not be traced back to me, because it's hacked too. I have taken care of my actions. i am not looking to ask you for a lot, i simply want to be paid.
if i do not receive the bitcoin;, i definitely will send out your video recording to all of your contacts including friends and family, co-workers, and so on. Nevertheless, if i do get paid, i will destroy the recording immediately. If you need proof, reply with Yeah then i will send out your video recording to your 8 friends. it's a nonnegotiable offer and thus please don't waste mine time & yours by replying to this message.
Lets get directly to the point.
Not one person has paid me to check about you. You do not know me and you're probably thinking why you are getting this email? in fact, i actually placed a malware on the adult vids (adult porn) website and you know what, you visited this site to experience fun (you know what i mean).
When you were viewing videos, your browser started out operating as a RDP having a key logger which provided me with accessibility to your display and web cam.
immediately after that, my malware obtained every one of your contacts from your Messenger, FB, as well as email account.
after that i created a double-screen video. 1st part shows the video you were viewing (you have a nice taste omg), and 2nd part displays the recording of your cam, and its you. Best solution would be to pay me $1002.
We are going to refer to it as a donation. in this situation, i most certainly will without delay remove your video.
My -BTC -address: 1JXvEapcRCvywymcrYZ1rcCfLfNZKri4LP [case SeNSiTiVe, copy & paste it]
You could go on your life like this never happened and you will not ever hear back again from me.
You'll make the payment via Bitcoin (if you do not know this, search 'how to buy bitcoin' in Google).
if you are planning on going to the law, surely, this e-mail can not be traced back to me, because it's hacked too. I have taken care of my actions. i am not looking to ask you for a lot, i simply want to be paid.
if i do not receive the bitcoin;, i definitely will send out your video recording to all of your contacts including friends and family, co-workers, and so on. Nevertheless, if i do get paid, i will destroy the recording immediately.
If you need proof, reply with Yeah then i will send out your video recording to your 8 friends.
it's a nonnegotiable offer and thus please don't waste mine time & yours by replying to this message.
Hello!
I'm the software engineer who hacked into your device's OS.
I've been observing you for months now. The thing is, you've been infected with malware through the adult website you visited.
In case you're not familiar with it, I'll explain. The Trojan infection gives me full access and control over your computer or any other device on your local. It means that I can see everything on your screen, turn on my camera and microphone, but you do not know about it.
I also have access to all your contacts, social networking data and all your correspondence.
Why didn't your antivirus detect any malware? A: My malware uses a driver, I update its signatures every 4 hours to keep your antivirus silent.
I have made a video showing how you satisfy yourself on the left side of the screen, and on the right side you see the video you have been watching. With one click, I can send this video to all your contacts in the email and social networks. I can also publish access to all your emails and messaging apps that you use.
If you want to prevent this, at that point: Transfer $400(USD) to my bitcoin wallet (if you do not know how to do it, then type in to Google: "Purchase a bitcoin").
My Bitcoin Wallet:1EGBGBptS9yKNPYYU9qUEoPNLptee8CEq9
After getting the payment, I will destroy the video and you won't hear from me again. I will provide you 50 hours (more than two days) to pay. I have a notice that you read this email and the timer started you opened it.
Don't attempt to answer me. It doesn't make any sense (the sender's address is generated by random). Filing a complaint somewhere doesn't make sense, because this email cannot be tracked, and neither can my bitcoin address. I don't make mistakes.
If I find that you shared this message with someone else, the video will be distributed immediately. Good luck with that.
And here are some common keywords used in the email so that this thread can be found by people Googling the email:
"Marlware, international hacker group, No‌ p‌erso‌n has co‌mp‌ensat‌ed, very o‌wn vid‌eo‌ cli‌p, software on the adult, porno sitio, one of your pass word, .br, specific pixel, sexual content web portal, a malware on the adult, a malware on the, double-screen, is a reasonable price tag for our little secret, you have a good taste lmao, I placed a malware on the adult vids, your browser began operating as a RDP, had been abusing yourself in front of computer display, you are one of those people that downloaded the malicious, I made a split-screen video, While you were watching the video, your web browser acted as, malware on the porn website and guess what, an unique pixel, you jerked off while watching an online video, When you pressed the play button the virus begins saving all the things thru, ja.scr, My malicious soft started your front cam, and also send the video link to all of yourfriends, I infected your gadget with a malware and now, AnywaysI downloaded all contacts, my program quickly got into your system, To a time where you jerk off watching","For the present moment I have at my disposal all, When you arouse sexually watching porno, In such a way all needed compromising material and contact, All information to yours SNSs user accounts, You watched sexual content portal and toss","Hello! WannaCry is back! All your, in front of the screen browsing adult stuff, As you flog the dummy watching, U are going to be offered 5 days after checking this notice, RAT 68006, the damnific malware, pastime and entertainment there, not my single victim, beat the dummy, buff the muffin, choke a chicken, front camera capturing video, with you frigging, with you chaturbating, with you masturbating, web digicam, U are going to have 5 dayss, i utilize just hacked wi, pressured this trojan to, glue a pair of videos, glue two videos, the RAT, if you want me to destroy this whole video, downloaded all contacts from your computer, your list of contacts or relatives will, I made a video that shows how you masturbate, hacked you through a virus in an ad on a porn website, my illiteracy, nоt mind on my illiterаcy, I рilfered all рrivy bаckground, videоtaре with yоur masturbаtion, my delеtеrious soft, cаmеra shооt the videоtaрe, you sеlf-аbusing, Differently I will send the video to all your colleagues and friends, your front-camera made the videotape with you self-abusing, RAT 98390 malware, the minute you went to one adult page, information to contact info I discovered on your devices and remember there is a lot of these, not including Double VPN As a result, I forced my malware to hook up to a mic, web camera and catch the video from it, poisoned a number of adult sites, video clip to fit on a single tv screen, This letter has invisible monitoring program inside and i will be aware of when you are going to check, doing ur stuff and a clip u jerked to, the investigation will last, I uploaded our malicious program on your device, furthermore malware saved exactly the video you chose, its a record with your wanking, friends will see u taking proper care of yourself, Your system is controlled by the malicious program, If you were more careful while playing with yourself, that whacking off to adult web-sites is, adult website which was poisoned with my malware, nor i think that jerking off to porn sites is really a gross thing, so I dgf lmao, proof just reply to this email with, if you want me to destroy all this compromising evidence, will send your video to 5 contacts, amount in Usd that can cope with this scenario, You are welcome to contact your local authorities, If you want proof, reply with, i pride myself in being apart of an internet group, so i dgf, I take good care of my being anonymous, information related to the RAT virus, been able get in to all ur units, to all of your contacts including, search engines like goo, case sensitive, so copy,, and at this moment I, It is a non-nego, don't waste my perso, thi s mes, back while visiting, showe ring, what should you do ?, porno webpage, this embarrassing situation, navigated to the page, bare-assed, on well-known websites and publications, I got an order from someone to kill you and your family, immediately kill your family, is an explosive device, My mercenary is, explosive device detonates, triggered your webcam, piquant websites, my exploit downloaded, replenish btc wallet, i‌nstanta‌neo‌usly ‌erase, actua‌l r‌eco‌rded ma‌t‌eri‌al, n‌egl‌ect this ‌ema‌i‌l, my RAT trojan, video you jerked, I used keylogger, your disk dump, malware intercepts, installed a malware, remo‌v‌e yo‌ur vi‌deo‌ fo‌o‌ta‌ge, RAT onto your computer, greasy stimulating actions, excentric preferrables, porn web-page, to your Tax Department, network will be DDoS, friends, WannaCry, building a protection policy, in Tax Departament, Yours service going, we pass CloudFlare, hear fake-experts, backuped phone, -1663, of your joys, digits your phone, (porno), BIG pervert, both files and scale, naughty video clips, Soy un hacker, I installed spyware, n website with teen, malware on the porn website, very own recorded material""Marlware, international hacker group, No‌ p‌erso‌n has co‌mp‌ensat‌ed, very o‌wn vid‌eo‌ cli‌p, software on the adult, porno sitio, one of your pass word, specific pixel, sexual content web portal, a malware on the adult, a malware on the, double-screen, is a reasonable price tag for our little secret, you have a good taste lmao, I placed a malware on the adult vids, your browser began operating as a RDP, had been abusing yourself in front of computer display, you are one of those people that downloaded the malicious, I made a split-screen video, While you were watching the video, your web browser acted as, malware on the porn website and guess what, an unique pixel, you jerked off while watching an online video, When you pressed the play button the virus begins saving all the things thru, ja.scr, My malicious soft started your front cam, and also send the video link to all of yourfriends, I infected your gadget with a malware and now, AnywaysI downloaded all contacts, my program quickly got into your system, To a time where you jerk off watching","For the present moment I have at my disposal all, When you arouse sexually watching porno, In such a way all needed compromising material and contact, All information to yours SNSs user accounts, You watched sexual content portal and toss","Hello! WannaCry is back! All your, in front of the screen browsing adult stuff, As you flog the dummy watching, U are going to be offered 5 days after checking this notice, RAT 68006, the damnific malware, pastime and entertainment there, not my single victim, beat the dummy, buff the muffin, choke a chicken, front camera capturing video, with you frigging, with you chaturbating, with you masturbating, web digicam, U are going to have 5 dayss, i utilize just hacked wi, pressured this trojan to, glue a pair of videos, glue two videos, the RAT, if you want me to destroy this whole video, downloaded all contacts from your computer, your list of contacts or relatives will, I made a video that shows how you masturbate, hacked you through a virus in an ad on a porn website, my illiteracy, nоt mind on my illiterаcy, I рilfered all рrivy bаckground, videоtaре with yоur masturbаtion, my delеtеrious soft, cаmеra shооt the videоtaрe, you sеlf-аbusing, Differently I will send the video to all your colleagues and friends, your front-camera made the videotape with you self-abusing, RAT 98390 malware, the minute you went to one adult page, information to contact info I discovered on your devices and remember there is a lot of these, not including Double VPN As a result, I forced my malware to hook up to a mic, web camera and catch the video from it, poisoned a number of adult sites, video clip to fit on a single tv screen, This letter has invisible monitoring program inside and i will be aware of when you are going to check, doing ur stuff and a clip u jerked to, the investigation will last, I uploaded our malicious program on your device, furthermore malware saved exactly the video you chose, its a record with your wanking, friends will see u taking proper care of yourself, Your system is controlled by the malicious program, If you were more careful while playing with yourself, that whacking off to adult web-sites is, adult website which was poisoned with my malware, nor i think that jerking off to porn sites is really a gross thing, so I dgf lmao, proof just reply to this email with, if you want me to destroy all this compromising evidence, will send your video to 5 contacts, amount in Usd that can cope with this scenario, You are welcome to contact your local authorities, If you want proof, reply with, i pride myself in being apart of an internet group, so i dgf, I take good care of my being anonymous, information related to the RAT virus, been able get in to all ur units, to all of your contacts including, search engines like goo, case sensitive, so copy,, and at this moment I, It is a non-nego, don't waste my perso, thi s mes, back while visiting, showe ring, what should you do ?, porno webpage, this embarrassing situation, navigated to the page, bare-assed, on well-known websites and publications, I got an order from someone to kill you and your family, immediately kill your family, is an explosive device, My mercenary is, explosive device detonates, triggered your webcam, piquant websites, my exploit downloaded, replenish btc wallet, i‌nstanta‌neo‌usly ‌erase, actua‌l r‌eco‌rded ma‌t‌eri‌al, n‌egl‌ect this ‌ema‌i‌l, my RAT trojan, video you jerked, I used keylogger, your disk dump, malware intercepts, installed a malware, remo‌v‌e yo‌ur vi‌deo‌ fo‌o‌ta‌ge, RAT onto your computer, greasy stimulating actions, excentric preferrables, porn web-page, to your Tax Department, network will be DDoS, friends, WannaCry, building a protection policy, in Tax Departament, Yours service going, we pass CloudFlare, hear fake-experts, backuped phone, -1663, of your joys, digits your phone, (porno), BIG pervert, both files and scale, naughty video clips, Soy un hacker, I installed spyware, n website with teen, malware on the porn website, very own recorded material, ιs yοur ραssρhrαse, after seeing the video of you jerking off, τhιηκ οf ιτ αs α dοηατιοη, split-screen video, 𝐄𝐧𝐭𝐢𝐫𝐞 𝐯𝐢𝐝𝐞𝐨 𝐜𝐥𝐢𝐩 𝐮𝐧𝐝𝐞𝐫𝐭𝐚𝐤𝐢𝐧𝐠 𝐫𝐚𝐮𝐧𝐜𝐡𝐲 𝐦𝐚𝐭𝐭𝐞𝐫𝐬, 𝐚𝐜𝐭𝐮𝐚𝐥𝐥𝐲 𝐞𝐧𝐭𝐞𝐫𝐞𝐝 𝐭𝐡𝐚𝐭 𝐩𝐨𝐫𝐧𝐨 𝐢𝐧𝐭𝐞𝐫𝐧𝐞𝐭 𝐬𝐢𝐭𝐞, 𝐇𝐨𝐰 𝐰𝐢𝐥𝐥 𝐲𝐨𝐮 𝐩𝐮𝐭 𝐭𝐨𝐠𝐞𝐭𝐡𝐞𝐫 𝐭𝐡𝐞 𝐩𝐚𝐲𝐦𝐞𝐧𝐭"
submitted by EugeneBYMCMB to Scams [link] [comments]

RESEARCH REPORT ABOUT ARYACOIN

RESEARCH REPORT ABOUT ARYACOIN
Author: Gamals Ahmed, CoinEx Business Ambassador

https://preview.redd.it/a7jv4azk86u51.jpg?width=1600&format=pjpg&auto=webp&s=e4a4dbb5afacd5747076beaa59e6343b805c3392

ABSTRACT

Aryacoin is a new cryptocurrency, which allows for decentralized, peer to peer transactions of electronic cash. It is like Bitcoin and Litecoin, but the trading of the coin occurs on sales platforms that have no restriction to use. Further, it was created with the goal of addressing the double spend issues of Bitcoin and does so using a timestamp server to verify transactions. It works by taking the hash of a block of items to be timestamped and widely publishing the hash. The timestamp proves that the data must have existed at the time in order to get the hash. Each timestamp then includes the previous timestamp in its hash, forming a chain.
The Aryacoin team is continuously developing new use cases for the coin, including exchanges where users can exchange the coins without any fees or restrictions, and offline options where the coins can be bought and sold for cash. The coins can also be used on the company’s other platform, mrdigicoin.io. Along with the coin, there is a digital wallet that can be created and controlled by the user entirely, with no control being retained by the Aryacoin team.

1.INTRODUCTION

The concept of Blockchain first came to fame in October 2008, as part of a proposal for Bitcoin, with the aim to create P2P money without banks. Bitcoin introduced a novel solution to the age-old human problem of trust. The underlying blockchain technology allows us to trust the outputs of the system without trusting any actor within it. People and institutions who do not know or trust each other, reside in different countries, are subject to different jurisdictions, and who have no legally binding agreements with each other, can now interact over the Internet without the need for trusted third parties like banks, Internet platforms, or other types of clearing institutions.
When bitcoin was launched it was revolutionary allowing people to transfer money to anytime and anywhere with very low transaction fees . It was decentralized and their is no third party involved in the transaction , only the sender and receiver were involved.
This paper provide a solution to the double-spending problem using a peer-to-peer distributed timestamp server to generate computational proof of the chronological order of transactions.The system is secure as long as honest nodes collectively control more CPU power than any cooperating group of attacker nodes. Bitcoin was made so that it would not be controlled or regulated but now exchanges and governments are regulating bitcoin and other cryptocurrencies at every step. Aryacoin was developed to overcome these restrictions on a free currency.
Aryacoin is a new age cryptocurrency, which withholds the original principle on which the concept of cryptocurrency was established. Combining the best in blockchain technology since the time of its creation, Aryacoin strives to deliver the highest trading and mining standards for its community.

1.1 OVERVIEW ABOUT ARYACOIN

Aryacoin is a new age cryptocurrency, which withholds the original principle on which the concept of cryptocurrency was established. Combining the best in blockchain technology since the time of its creation, Aryacoin strives to deliver the highest trading and mining standards for its community.
Aryacoin is a blockchain based project that allows users to access their wallet on the web and mobile browsers, using their login details.
Aryacoin can be mined; it also can be exchanged by other digital currencies in several world-famous exchanges such as Hitbtc, CoinEx, P2pb2b, WhiteBit, Changelly and is also listed in reputable wallets such as Coinomi and Guarda.
Aryacoin is a coin, which can be used by anyone looking to use cryptocurrency which allows them to keep their privacy even when buying/selling the coin along with while using the coin during transactions. Proof of work and cryptographic hashes allows transactions to verified.
Stable Fee Per AYA is a unique feature of Aryacoin, so by increasing the amount or volume of the transaction, there is no change in the fee within the network, which means that the fee for sending an amount less than 1 AYA is equal to several hundred million AYA. Another unique feature of Aryacoin is the undetectability of transactions in Explorer, such as the DASH and Monero, of course, this operation is unique to Aryacoin.
Using Aryacoin digital currency, like other currencies, international transactions can be done very quickly and there are no limitations in this area as the creators claim.
Aryacoin aims to allow users to access the Aryacoin wallet via the web and mobile browsers using their login details.
Aryacoin is a peer-to-peer electronic cash system that enables users to send and receive payments directly from one party to another, and allow them to transfer funds across borders with no restriction or third party involvement. The blockchain-based system embraces the digital signature, which prevents double spending and low transfer fees, which enables users to transfer huge amounts with very low fees. The proof-of-work consensus mechanism allows each transaction to be verified and confirmed, while anonymity enables users to use the coin anywhere at any time.
According to the website of the operation, each wallet is divided into 2 or more AYA wallet addresses for each transaction, and depending on the volume of the transaction block, the origin, and destination of transactions in the network can not be traced and displayed to the public.
In fact, each wallet in Aryacoin consists of a total of several wallets. The number of these wallets increases per transaction to increase both security and privacy. Aryacoin also uses the dPoW protocol. In the dPoW protocol, a second layer is added to the network to verify transactions, which makes “51% attack” impossible even with more than half of the network hash, and blocks whose Blockchain uses this second layer of security never run the risk of 51% attacks.
AYA has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by
first buying Bitcoin from any large exchanges and then transfer to the exchange that offers to trade this coin.

1.1.1 ARYACOIN HISTORY

Aryacoin (AYA) is a new cryptocurrency, which has been created by a group of Iranian developers, is an altcoin which allows for decentralised, peer to peer transactions of electronic cash without any fees whatsoever. Along with the coin, there is a digital wallet that can be created and managed by the user entirely, with no control being retained by the Aryacoin team.
Aryacoin’s founder, Kiumars Parsa, has been a fan of alternative currencies and particularly Bitcoin.
We see people from all around the world using Blockchain technology and the great benefits that came with it and it then that I decided to solve this puzzle for find a way of bringing the last missing piece to the jigsaw. The idea for Aryacoin was born.” Parsa said.
Parsa and his team of Iranian ex-pats not only persevered but expedited the project and just a year later, in the summer of 2019, the first version of Aryacoin was released. In 2020, Aryacoin is the first and only Iranian coin listed on CMC.
Parsa goes on to state that it is now the strength of the community that has invested in the coin that will ultimately drive its success, alongside its robust technology and appealing 0% network fees.
We have thousands of voices behind Aryacoin. People for the people make this coin. It is a massive shout out for democracy. This had made us base the whole team strategy on the benefits for both our users and our traders.
One key example is that the network fee on AYA Blockchain is 0%. Yes, absolutely nothing, which which differentiates us from other networks. What also differentiates us from other coins is that we have AYAPAY which is the first cryptocurrency Gateway in the world which does not save funds on third party storage with all funds being forwarded directly to any wallet address that the Gateway owner requests”.
So for the first time ever, and unlike other gateways, incoming funds will be saved on the users account with submitted withdrawal requests then made on the Gateway host website. In AYAPAY which has also been developed by the Aryacoin team, all funds without extra fees or extra costs will directly forwarded to users wallets. We have named this technology as CloudWithdrawal.
We are continuously challenging ourselves as it is a crowded marketplace. We are striving to have a safer Blockchain against 51% attacks, faster confirmations speeds of transactions, cheaper network fee, growing the market by cooperation with Top tier Exchangers.

1.1.2 ARYACOIN’S MAIN GOAL

Aryacoin’s main goal is to educate people and give them the freedom to use cryptocurrency in any way they want. Aryacoin empowers the users to transfer, pay, trade cryptocurrency from any country around the globe.
Platforms that have been created by Aryacoin Team, as well as those that will go live in future, operate on the same principle and exclude absolutely no one.

1.1.3 PROBLEM ARYACOIN SEEKS TO SOLVE

Aryacoin aims to provide a long-term solution to the problem of double spending, which is still common in the crypto market. The developers of the system have created a peer-to-peer distributed timestamp server that generates computational proof of the transactions as they occur.
Besides, the system remains secure provided honest nodes control more CPU power than any cooperating group of attacker nodes. While Bitcoin was designed not to be regulated or controlled, many exchanges and governments have put regulatory measures on the pioneer cryptocurrency at every step. Aryacoin aims to overcome these restrictions as a free digital currency.

1.1.4 BENEFITS OF USING ARYACOIN

Aryacoin solution offers the following benefits:
  • Real-time update: whether you’re going on a holiday or a business trip, no problem. You can access your coins all over the world.
  • Instant operations: Aryacoin makes it quite easy for you to use your digital wallet and perform various operations with it.
  • Safe and secure: all your data is stored encrypted and can only be decrypted with your private key, seed, or password.
  • Strong security: The system has no control over your wallet. You are 100% in charge of your wallet and funds.

1.1.5 ARYACOIN FEATURES

1. Anonymity
The coin provides decent level of anonymity for all its users. The users can send their transactions to any of the public nodes to be broadcasted , the transaction sent to the nodes should be signed by the private key of the sender address . This allows the users to use the coin anywhere any time , sending transactions directly to the node allows users from any place and country .
2. Real Life Usage
aryacoin’s team is continuously developing new and innovative ways to use the coins , they are currently developing exchanges where the users can exchange the coins without any fees and any restrictions . They also are currently developing other innovative technologies, which would allow users to spend our coins everywhere and anywhere.
3. Offline Exchanges
They are also working with different offline vendors which would enable them to buy and sell the coins directly to our users on a fixed/variable price this would allow easy buy/sell directly using cash . This would allow the coins to be accessible to users without any restrictions which most of the online exchanges have, also increase the value and number of users along with new ways to spend the coin. This would increase anonymity level of the
coin. In addition, introduce new users into the cryptomarket and technology. Creating a revolution, which educates people about crypto and introduce them to the crypto world, which introduces a completely new group of people into crypto and a move towards a Decentralized future!
4. Transactions
When it comes to transactions, Aryacoin embraces a chain of digital signatures, where each owner simply transfers the coin to the next person by digitally signing a hash of the previous transaction and the public key of the next owner. The recipient can then verify the signatures to confirm the chain of ownership. Importantly, Aryacoin comes with a trusted central authority that checks every transaction for double spending.
5. Business Partner with Simplex
Aryacoin is the first and only Iranian digital currency that managed to obtain a trading license in other countries.
In collaboration with the foundation and financial giant Simplex, a major cryptocurrency company that has large companies such as Binance, P2P, Changelly, etc. Aryacoin has been licensed to enter the world’s major exchanges, as well as the possibility of purchasing AYA through Credit Cards, which will begin in the second half of 2020.
Also, the possibility of purchasing Aryacoin through Visa and MasterCard credit cards will be activated simultaneously inside the Aryacoin site. plus, in less than a year, AYA will be placed next to big names such as CoinCapMarket, Coinomi, P2P, Coinpayments and many other world-class brands today.

1.1.6 WHY CHOOSE ARYACOIN?

If you want to use a cryptocurrency that allows you to keep your privacy online even when buying and selling the coins, the Aryacoin team claims that AYA is the way to go. Aryacoin is putting in the work: with more ways to buy and sell, and fixing the issues that were present in the original Bitcoin, plus pushing the boundaries with innovative solutions in cryptocurrencies. You can get started using Aryacoin (AYA) payments simply by having a CoinPayments account!

1.1.7 ARYANA CENTRALIZED EXCHANGE

Aryana, the first Iranian exchange is a unique platform with the following features:
  • The first real international Persian exchange that obtains international licenses and is listed in CoinMarketCap.
  • The first Iranian exchange that has been cooperating with a legal and European exchange for 3 years.
  • The possibility of trading in Tomans (available currency in Iran) at the user’s desired price and getting rid of the transaction prices imposed by domestic sites inside Iran.
  • There is an internal fee payment plan by Iranian domestic banks for depositing and withdrawing Tomans for Aryacoin holders in Aryana Exchange.
  • The number that you see on the monitor and in your account will be equal to the number that is transferred to your bank account without a difference of one Rial.
  • The last but not least, noting the fact that there is a trading in Tomans possibility in Aryana exchange.
Aryana Exchange is using the most powerful, fastest, and most expensive server in the world, Google Cloud Platform (GCP), which is currently the highest quality server for an Iranian site, so that professional traders do not lag behind the market even for a second.
The feature of Smart Trading Robots is one of the most powerful features for digital currency traders. Digital cryptocurrency traders are well aware of how much they will benefit from smart trading robots. In the Aryana exchange, it is possible to connect exchange user accounts to intelligent trading bots and trade even when they are offline.
The injection of $ 1 million a day in liquidity by the WhiteBite exchange to maintain and support the price of Tether and eliminate the Tether fluctuations with Bitcoin instabilities used by profiteers to become a matter of course.

1.1.8 HOW DOES ARYACOIN WORK?

Aryacoin (AYA) tries to ensure a high level of security and privacy. The team has made sure to eliminate any trading restrictions for the network users: no verification is required to carry out transactions on AYA, making the project truly anonymous, decentralized, and giving it a real use in day-to-day life. The Delayed-Proof-of-Work (dPoW) algorithm makes the Aryacoin blockchain immune to any attempts of a 51% attack. AYA defines a coin as a chain of digital signatures — each owner transfers the coin to the next owner by digitally signing the hash of the previous transaction and the public key of the next owner, and the receiver verifies the signatures and the chain of ownership.

2. ARYACOIN TECHNOLOGY

2.1 PROOF-OF-WORK

They use a proof-of-work system similar to Adam Back’s Hashcash to implement a distributed timestamp server on a peer-to-peer basis, rather than newspaper or Usenet publications. The proof-of-work involves scanning for a value that when hashed, such as with SHA-256, the hash begins with a number of zero bits. The average work required is exponential in the number of zero bits required and can be verified by executing a single hash.
For their timestamp network, they implement the proof-of-work by incrementing a nonce in the block until a value is found that gives the block’s hash the required zero bits. Once the CPU effort has been expended to make it satisfy the proof-of-work, the block cannot be changed without redoing the work. As later blocks are chained after it, the work to change the block would include redoing all the blocks after it.
The proof-of-work also solves the problem of determining representation in majority decision making. If the majority were based on one-IP-address-one-vote, it could be subverted by anyone able to allocate many IPs. Proof-of-work is essentially one-CPU-one-vote. The majority decision is represented by the longest chain, which has the greatest proof-of-work effort invested in it. If honest nodes control a majority of CPU power, the honest chain will grow the fastest and outpace any competing chains. To modify a past
block, an attacker would have to redo the proof-of-work of the block and all blocks after it, then catch up with, and surpass the work of the honest nodes.

2.2 NETWORK

The steps to run the network are as follows:
  • New transactions are broadcast to all nodes.
  • Each node collects new transactions into a block.
  • Each node works on finding a difficult proof-of-work for its block.
  • When a node finds a proof-of-work, it broadcasts the block to all nodes.
  • Nodes accept the block only if all transactions in it are valid and not already spent.
This is a very simple system that makes the network fast and scalable, while also providing a decent level of anonymity for all users. Users can send their transactions to any of the public nodes to be broadcast, and the private key of the sender’s address should sign any transaction sent to the nodes. This way, all transaction info remains strictly confidential. It also allows users to send transactions directly to the node from any place at any time and allows the transferring of huge amounts with very low fees.

2.3 AYAPAY PAYMENT SERVICES GATEWAY:

According to creators Aryacoin, the development team has succeeded in inventing a new blockchain technology for the first time in the world, which is undoubtedly a big step and great news for all digital currency enthusiasts around the world.
This new technology has been implemented on the Aryacoin AYAPAY platform and was unveiled on October 2. AYAPAY payment platform is the only payment gateway in the world that does not save money in users’ accounts and transfers incoming coins directly to any wallet address requested by the gateway owner without any additional transaction or fee.
In other similar systems or even systems such as PayPal, money is stored in the user account.

2.4 CONSENSUS ALGORITHM IN ARYACOIN

The devs introduced the Delayed-Proof-of-Work (dPoW) algorithm, which represents a hybrid consensus method that allows one blockchain to take advantage of the security provided by the hashing power of another blockchain. The AYA blockchain works on dPoW and can use such consensus methods as Proof-of-Work (PoW) or Proof-of-Stake (PoS) and join to any desired PoW blockchain. The main purpose of this is to allow the blockchain to continue operating without notary nodes on the basis of its original consensus method. In this situation, additional security will no longer be provided through the attached blockchain, but this is not a particularly significant problem. dPoW can improve the security level and reduce energy consumption for any blockchain.

2.5 DOUBLE-SPEND PROBLEM AND SOLUTION

One of the main problems in the blockchain world is that a receiver is unable to verify whether or not one of the senders did not double-spend. Aryacoin provides the solution, and has established a trusted central authority, or mint, that checks every transaction for double-spending. Only the mint can issue a new coin and all the coins issued directly from the mint are trusted and cannot be double-spent. However, such a system cannot therefore
be fully decentralized because it depends on the company running the mint, similar to a bank. Aryacoin implements a scheme where the receiver knows that the previous owners did not sign any earlier transactions. The mint is aware of all transactions including which of them arrived first. The developers used an interesting solution called the Timestamp Server, which works by taking a hash of a block of items to be ‘timestamped’ and publishing the hash. Each timestamp includes the previous timestamp in its hash, forming a chain. To modify a block, an attacker would have to redo the proof-of-work of all previous blocks, then catch up with, and surpass the work of the honest nodes. This is almost impossible, and makes the network processes more secure. The proof-of-work difficulty varies according to circumstances. Such an approach ensures reliability and high throughput.

3. ARYACOIN ROADMAP

April 2019: The launch of Aryacoin; AYA ICO, resulting in over 30BTC collected
December 2019: The launch of AYA Pay
April 2020: The successful Hamedan Hardfork, supported by all AYA exchanges, aimed at integrating the dPoW algorithm, improving the security of the AYA blockchain.
June 2020: Aryana Exchange goes live, opening more trading opportunities globally
July 2020: The enabling of our Coin Exchanger
November 2020: The implementation of Smart Contracts into the Aryacoin Ecosystem
Q1 2021: Alef B goes live (more details coming soon)

4. THE NUCYBER NETWORK COMMUNITY & SOCIAL

Website: https://aryacoin.io/
Explorer: https://explorer.aryacoin.io/
Github: https://github.com/Aryacoin/Aryacoin
Twitter: 1.1k followers https://twitter.com/AryacoinAYA
Reddit: 442 members https://github.com/nucypher
Instagram: 3.8k followers https://www.instagram.com/mrdigicoin/ Telegram: 5.9k subscribers https://t.me/AYA_Global

5. SUMMARY

Aryacoin (AYA) is a new age cryptocurrency that combines the best of the blockchain technology and strives to deliver high trading and mining standards, enabling users to make peer-to-peer decentralized transactions of electronic cash. Aryacoin is part of an ecosystem that includes payment gateway Ayapay and the Ayabank. AYA has a partnership with the Microsoft Azure cloud platform, which provides the ability to develop applications and store data on servers located in distributed data centers. The network fee for the AYA Blockchain is 0%. In Ayapay service, which has been developed by the Aryacoin team, all funds without extra fees or costs are directly forwarded to users’ wallets with technology called CloudWithdrawal. The devs team is introducing new use cases including exchanges where users will exchange AYA without any restrictions. You can buy AYA on an exchange of your choice, create an Aryacoin wallet, and store it in Guarda.

6. REFERENCES

1) https://coincodex.com/crypto/aryacoin/
2) https://www.icosandstos.com/coin/Aryacoin%20AYA/YuXO60UPF3
3) https://www.publish0x.com/iran-and-cryptocurrency/a-brief-introduction-of-aryacoin-first-ever-iranian-cryptocu-xoldlom
4) https://techround.co.uk/cryptocurrency/aryacoin-the-digital-currency-created-by-iranians/
5) https://bitcoinexchangeguide.com/aryacoin/
6) https://blog.coinpayments.net/coin-spotlight/aryacoin
7) https://guarda.com/aryacoin-wallet
submitted by CoinEx_Institution to Coinex [link] [comments]

How to purchase and exchange your litecoin! (longer read)

This post will show you the best ways to buy litecoins using many different payment methods and exchanges for each method.
Before you start, make sure you have a good litecoin wallet to store your LTC. NEVER store your litecoins on a crypto exchange.

Popular Exchanges

eToro
Coinbase
Coinmama

Buy Litecoin with Credit Card or Debit Card

Let’s dive into some of the exchanges supporting Litecoin credit card purchases.
These exchanges are our favorite ways to buy.

Coinbase

Coinbase is the easiest way to buy litecoins with a credit card.
Coinbase is available in the United States, Canada, Europe, UK, Singapore, and Australia.
The fees will come out to 3.99% per purchase.
Here is a good video that can help walk you through the process of buying on Coinbase, although it’s fairly easy.

Coinmama

Coinmama recently added the ability to buy litecoin directly on the platform. Users from nearly any country in the world can use Coinmama to buy litecoins.
Coinmama has some of the highest limits among credit card exchanges.

BitPanda

BitPanda is based in Austria and is a crypto brokerage service. You can buy using a credit card from most European countries.

CEX.io

CEX.io is based in the UK and is one of the oldest crypto exchanges online.
CEX.io supports litecoin and its users from nearly anywhere in the world can buy litecoin with credit card on the platform.

Buy Litecoin with Bank Account or Bank Transfer

Coinbase

Coinbase is the easiest way to buy litecoins with a bank account or transfer.
Coinbase, like is is for credit cards, is available in the United States, Canada, Europe, UK, Singapore, and Australia.
Coinbase is one of primary exchanges used to buy Litecoins.
Americans can use ACH transfer (5–7 days wait), and Europeans can use SEPA transfer (1–3 days wait).
The fees will come out to 1.49% per purchase.

BitPanda

BitPanda is based in Austria and is a crypto brokerage service. You can buy using SEPA transfer from most European countries. You can also use SOFORT, NETELLER, or GiroPay.

CEX.io

CEX.io also supports litecoin buys via bank account. This is via wire transfer for US citizens, SEPA for Europe, and SWIFT for the rest of the globe.

Binance

Binance is now one of the largest if not the largest cryptocurrency exchange in the world. It supports bank and card purchases of Litecoin as well as Litecoin trading pairs with Bitcoin and Etehreum.

Get a Litecoin Wallet

Before we move onto other options:
Never store your litecoins on an exchange!
Always withdrawal your litecoin to an offline cryptocurrency wallet like the Ledger Nano S or any other wallet that you control.
The Ledger Nano S and TREZOR are the best options for secure storage.

Other Methods to Buy Litecoin

If you don’t have a card or want to avoid the high fees, you can use the following methods to buy Litecoin as well.
Find out which one works best for you.

Buy Litecoin with PayPal

Unfortunately, there is no easy way to buy Litecoin with PayPal. Other sites will tell you that cex allows for this, but that is no longer the case.
You can, however, now use eToro to buy Litecoin, unless you live in the United States.
If you live in the US, the only way to buy Litecoin with Paypal is to buy Bitcoin using paypal, and then use the Bitcoins to buy Litecoin. You can easily buy Bitcoin using Paypal on Local Bitcoins. Once you have Bitcoin, you can use an exchange like Coinbase Pro to swap the Bitcoin for Litecoin.

Buy Litecoin with Cash

There is no good way to buy litecoins with cash. LocalBitcoins is the most popular way to buy bitcoins with cash, and it does not have Litecoin support. Other popular cash to Bitcoin exchanges like BitQuick and Wall of Coins also do not support LTC. So you will have to first buy bitcoins with cash then exchange them for LTC using the method described below.
The same goes for Bitcoin ATMs. Most do not support Litecoin. So if you want to buy litecoins at a Bitcoin ATM you first have to buy bitcoins and then trade the BTC for litecoins.

Buy Litecoin with Bitcoin

If you already have Bitcoins then it is VERY simple to convert some of your BTC to litecoins.
You just need to find an exchange with the LTC/BTC pair, which is most exchanges since LTC/BTC is a very popular pair to trade.

Buy Litecoin with Skrill

BitPanda, mentioned above, also accepts Skrill payments for LTC. The fees will vary and are simply included in your buy price.

Cryptmixer

Cryptmixer is probably the fastest way to convert BTC to Litecoin. You just enter the amount of LTC you want to buy, and give them a LTC address. Then they will tell you how much BTC to send to their address. Once your BTC is sent, you will have LTC delivered to your wallet very shortly after.

Buy Litecoin with Ethereum

Ethereum has experienced a massive price rise. Nearly a year ago it was $10, and now at over $500, many want to move some of their ETH gains into other coins like Litecoin.
Litecoin has very good liquidity, and is very popular among traders especially in China.
So this guide is going to show you how to buy litecoins with Ethereum. We will show some of the best exchanges you can use, and the pros and cons of using different types of exchanges over the other.

Cryptmixer

Cryptmixer is one of the most unique exchanges, and also one of the fastest ways to convert your ETH to LTC.
With Cryptmixer you do not even need to store your money with the exchange, meaning you are at very little risk of getting your funds stolen.
With Cryptmixer you simply specify the amount of LTC you want to buy, and specific the address to where your litecoins should be sent and within 30 minutes you will have LTC delivered to your wallet.

Poloniex

Poloniex is the world’s largest altcoin exchange. However, there is a huge downside to using Poloniex to convert your ETH to LTC:
Poloniex does not have a LTC/ETH market, meaning you have to first trade your ETH to BTC, and then trade your BTC for LTC.
While this method works, you will have to make multiple trades and also pay fees twice.

ShapeShift

Shapeshift is basically the same as Cryptmixer, and was actually the first company to come up with the concept of an exchange that does not hold your own funds.

Frequently Asked Questions About Buying Litecoin

Many of you may still have lots of questions about how to buy Litecoin.
Odds are we have answered almost any question you could think of below.
We will aim to answer many of the most common questions relating to buying Litecoin.

Why are there limited options to buying Litecoin using other altcoins?

The issue in all crypto markets is liquidity. As the space gets bigger, the liquidity also gets better. But as of now, the only VERY liquid cryptocurrency is Bitcoin. So exchanging two altcoins between each other is often harder than if BTC was involved on one side of the trade.

How much is a Litecoin worth?

Like all currencies, the value of Litecoin changes every second. The value of Litecoin also depends on the country you are in and the exchange you are trading on. You can find the most up to date price on Coinbase.

How do I buy Ripple (XRP) with Litecoin?

The best way to buy Ripple using Litecoin is to either use a non KYC exchange like Cryptmixer or start an account on Binance or Coinbase Pro and sell your Litecoin for Ripple. Look for LTC/XRP trading pairs, and make your trade.

How long does Litecoin take to confirm?

Litecoin blocks are added ever 2 and a half minutes. That means you should get one confirmation every two and a half minutes. This can vary if it takes miners longer to discover a block, but the difficulty of the finding a block should change proportionate to the hashing power on the network so that a block gets added approximately every 2.5 minutes.
If you are trying to send money to a merchant, they may require more than one confirmation before they send you products. If you are depositing on an exchange, they may also require three or more confirmations before they credit your account.

How many Litoshis make one Litecoin?

one hundred million (100,000,000) Litoshis make one (1) Litecoin.

Where do I store Litecoin?

The best place to store litecoin is on a hardware wallet. You can find the best one for you on our page dedicated to hardware wallets.

When is the Litecoin halving?

The expected date of the next Litecoin block reward halving is August 7th, 2023.

Why can litecoin take so long to buy?

Litecoin can take long to buy because the legacy banking system is very slow. If you are buying with another cryptocurrency, you will see how fast it is to buy!
Bank transfer in the USA, for example, take about 5 days to complete. So any purchase of Litecoin made with a US bank transfer will take a minimum of 5 days.

How do I buy Litecoin with Paypal?

Unfortunately, there is no easy way to buy Litcoin with PayPal. Other sites will tell you that cex allows for this, but that is no longer the case.
You can, however, now use eToro to buy Litcoineum, unless you live in the United States.
If you live in the US, the only way to buy Litcoin with Paypal is to buy Bitcoin using paypal, and then use the Bitcoins to buy Litcoin. You can easily buy Bitcoin using Paypal on Local Bitcoins. Once you have Bitcoin, you can use an exchange like Cryptmixer to swap the Bitcoin for Litcoin.

Can you buy partial litecoins?

Yes, litecoin, like Bitcoin, is divisible to many decimal places so you can buy 0.1 LTC, 0.001 LTC, etc.

Can you sell litecoin?

Yes, you can sell LTC on most of the exchanges mentioned above. The fees, speed, and privacy is the same in most cases.

Can anyone buy litecoins?

Anyone is free to buy litecoins, as long as you find an exchange that supports your country. Most cryptocurrency wallets do not require ID to sign up so you can always make a wallet and get paid in litecoin, too.

Which payment method is best to use?

For speed, credit card will likely be fastest. For larger amounts, bank transfer is best. For privacy, it’s best to buy bitcoins with cash and then trade for litecoins using Cryptmixer or Shapeshift.

Is it better to mine or buy litecoins?

If you have cheap electricity, it might be worth it to mine litecoins. If you have solar power or just want to mine for fun then it could be worth it. Otherwise, it’s probably better just to buy.
Mining is constantly changing and small changes in Litecoin price or electricity can greatly affect your profitability.

What should I do with my litecoins once I buy?

You should immediately move your litecoins into a secure wallet. You should never leave your litecoins on an exchange. There have been countless hacks in cryptocurrency since Bitcoin was created in 2009. Hundreds of thousands of people have lost money. So buy your litecoins, and then instantly send them into a wallet you control so you are not at risk of losing money to a hack or scam.
submitted by MonishaNuij to MonMonCrypto [link] [comments]

Some Basics Of Bitcoin

For someone not familiar with Bitcoin, the first question that comes to mind is, "What is Bitcoin?" And another common question that is often asked relates to the Bitcoin price. It started out a under 10 cents per Bitcoin upon its introduction in early 2009. It has risen steadily since and has hovered around $4000 per Bitcoin recently. So regarding Bitcoin value or the Bitcoin rate this is a most remarkable appreciation of value and has created many, many millionaires over the last eight years.
The Bitcoin market is worldwide and the citizens of China and Japan have been particularly active in its purchase along with other Asian countries. However, recently in Bitcoin news the Chinese government has tried to suppress its activity in that country. That action drove the value of Bitcoin down for a short time but it soon surged back and is now close to its previous value.
The Bitcoin history chart is very interesting. Its creator was an anonymous group of brilliant mathematicians (using the pseudonym Satoski Nakamoto) who designed it in 2008 to be "virtual gold" and released the first Bitcoin software in early 2009 during the height of the USA economic crisis. They knew that to have lasting value, it like gold had to have a finite supply. So in creating it they capped the supply at 21 million Bitcoin.
Bitcoin mining refers to the process by which new Bitcoin is created. With conventional currency, government decides when and where to print and distribute it. With Bitcoin, "miners" use special software to solve complex mathematical problems and are issued a certain number of Bitcoin in return.
A question that then arises is, is Bitcoin mining worth it. The answer is NO for the average person. It takes very sophisticated knowledge and a powerful computer system and this combination of factors makes it unattainable for the masses. This applies even more to bitcoin mining 2017 than in past years.
Many wonder, who accepts Bitcoin? This question gets asked in various ways, what are stores that accept bitcoin, what are websites that accept bitcoins, what are some retailers that accept bitcoin, what are some places that accept bitcoin and where can I spend bitcoin.
More and more companies are beginning to see the value of accepting cryptocurrencies as a valid payment option. Some major companies that do are DISH network, Microsoft, Expedia, Shopify stores, Newegg, Payza, 2Pay4You, and others.Two major holdouts at this time are Walmart and Amazon.
Ethereum is the strongest rival to Bitcoin in the cryptocurrency market and many wonder at the question of Bitcoin vs Ethereum. Ethereum was created in mid-2015 and has gained some popularity but still ranks far behind Bitcoin in usage, acceptance and value.
A question that often comes up often relates to Bitcoin scam. This author has a friend who made a purchase from a company that promised 1-2% growth per day. The company website listed no contact information and after a couple months the website simply vanished one day and my friend lost all the money he had invested which was several thousand dollars.
One has to know how to buy Bitcoins, how to purchase Bitcoin or how to buy Bitcoin with credit card in order to get started. Coinbase is a very popular site to do this. Their fee is 3.75% and the buying limit is $10,000 per day. This would probably be the easiest way to buy bitcoins.
Others would like to buy Bitcoin with debit card. Coinbase also provides this service and has clear step by step instructions on how to proceed with either your debit or credit card.
There are those who would like to buy Bitcoin instantly. This can be done at Paxful, Inc. and can be done through W. Union or any credit/debit card.
Other common questions that come up are what is the best way to buy Bitcoins, the best way to get bitcoins or where to buy bitcoins online. The easiest way is probably to purchase it through a digital asset exchange like the previously mentioned Coinbase. Opening an account with them is painless and once you link your bank account with them you can buy and sell Bitcoin quite easily. This is quite likely also the best place to buy Bitcoins.
One must know what a Bitcoin wallet is and how to use it. It is simply the Bitcoin equivalent of a bank account. It allows you to receive Bitcoins, store them and send them to others. What it does is store a collection of Bitcoin privacy keys. Typically it is encrypted with a password or otherwise protected from unauthorized access.
There are several types of digital wallets to choose from. A web wallet allows you to send, receive and store Bitcoin though your web browser. Another type is a desktop wallet and here the wallet software is stored directly on your computer. There are also mobile wallets which are designed for use by a mobile device.
A question that occasionally comes up is that of Bitcoin stock or how to buy Bitcoin stock. By far the most common way to proceed in this area is to buy Bitcoin directly and not its stock.
There is one entity called Bitcoin Investment trust which is an investment fund that is designed to track the market flow of Bitcoin. Some analysts however are calling this a risky way to become involved in this marketplace.
The Bitcoin exchange rate USD is a closely watched benchmark both on a daily basis and long term over the last 8 years since its introduction to the world's financial marketplace. A popular company to receive the most current rate in Bitcoin valuation is XE. They show Bitcoin to USD valuation and also the complete Bitcoin price chart, the Bitcoin value chart and the Bitcoin to USD chart. If you ask, "How much is one Bitcoin?" you will always know from their continuously updated charts.
Similar questions that come up in this area relate to the bitcoin rate history, the bitcoin price chart live, the bitcoin to dollar exchange rate, the bitcoin dollar chart and the bitcoin 5 year chart. The previously mentioned website, xe, is also a good source for answers to these questions.
Regarding Bitcoin cash, ie. to get USD from selling Bitcoin, Bitwol is one company that enables you to do this. WikiHow is another company that will take you through this process.
submitted by shomesrobery to BestBitcoinCasinosa [link] [comments]

[WTS] Field's aUEC Store 3.11 - BEST PRICES! - Fastest Delivery. (No need to be online for delivery)

I have aUEC for sale that was mined/traded from by fellow org mates and myself. My prices are the best you will find on here and FRACTION of what other sites sell it at.
 
Selling at the rates below:
aUEC Price (USD)
1,000,000 aUEC $1.00
Minimum 15 USD per order as it would not make too much sense for the effort (to me anyway)
15mil would be 15 USD.
50 mil would be 50 usd. I give a 5% Discount for orders over 50 dollars.
 
I have many successful trades both on here and hundreds on other sites I can link. Both with 100% positive feedback. I will beat any offers sold elsewhere.
Disclaimers:
[1]Transfer will be in the form of mo.trader (No need for you to even be online, I will cover fees)
HOW TO BUY: PM me or post here what QTY you would like to buy along with your PayPal email, IGN. Invoice will be sent I am typically available as soon as I receive a PM with few exceptions. Delivery time is usually very short. Once the invoice has been paid you will get an IGN friend/party invite and we will do the trade via beacon(no risk for you)
CONDITIONS: Payment by PayPal invoice. No fee for you :) Verified PayPal accounts only. (if unverified, other payment options exist) I can take other payments such as bitcoin or Zelle. 2% discount for zelle and bitcoin as there are no fees on my end. (for crypto - Min order would be 10m aUEC)
Contact me for prices in other currencies for conversion rates.
 
NOTE: I will beat anyone's prices.
submitted by Field_Sweeper to Starcitizen_trades [link] [comments]

This November...

Let's set aside the tickename issue for a second and think as scientists about the upcoming experiment. Assuming there will be a split, I think it's going to be interesting. (If the split is somehow avoided, then all of the following makes no sense, of course)
I frankly think the experiment of "hashrate-funded centrally-developed Bitcoin Cash" vs "hodler-funded multi-team-developed Bitcoin Cash" is very interesting. I don't mean "centrally-developed" as an offence here, it's just a fact - ABC will be developing it.
Before you start throwing in tomatos, let's think about it.
We all have front-row seats - each gets equal amount of both coins, so either coin wins - you have your cut.
It might even be that BOTH coins will be winners, since unlike the BSV situation, this is going to be probably developed under MIT license, so either side can copy code from other side. (Unless, of course, ABC goes BSV-way and protects their code with a restrictive license, while the other side will be using MIT/BSD licenses for sure)
Let's consider both sides' pros and cons.

ABC side

I don't really like IFP, but I think what Amaury did was pretty clever and worth considering. With this plan he gets to control his coin fully and impose any rules he sees as best for his coin, be it drift correction, 6-month releases or whatever else. He believes in his power to make this coin the best, so let's see if he can.
[+] Corporations are often pretty efficient at what they do. Usually, with capitalism and democracy they will perfect their game like no one, because of competition.
[-] But this won't be exactly like capitalism, more like socialism, because ABC/Amaury will get paid no matter their performance. They will always get 8%. That makes people lazy. Why bother if you get your salary anyway?
[+] ABC has a track record of 3 years and BCH didn't die, which gives them some credit that they could do it.
[+] Amaury and ABC will get paid in their own coin, so the more valuable it is, the richer they get. (Unless they sell for USD immediately) Also, they will get close to $8 million in funding in first year alone (at the current price), which would allow him to hire, well, best of the best in their class (cryptographers, developers, etc...). Amaury knows that and he's right - developers are freaking expensive ($100,000+/year). (Well, again, assuming Amaury will be hiring...)
[-] They don't have to listen to the community, so they have no force feedback if what they do is of any value or is it a useless distraction.

BCHN + others

[+] Hodler-funded means that you don't get paid unless you promise to deliver useful value and have proven to provide value in the past. So you have to perfect your game always - that's much closer to capitalism.
[-] Very hard to raise funds. Amaury will get $8m/year while BCHN and other nodes barely managed to collect $100-200K, probably for the next year or so. Hodlers don't want to give away their money too much, because it might 10x or 20x in very short amount of time.
[+] If BCHN/other nodes do their job well and the coin value raise - their money becomes more valuable, so $100K might become $1M in a year. Assuming they haven't sold for USD. Something tells me they didn't.
[-] Grass-roots things can be short-lived. People are free to join and leave any time, so eventually you get tired of everything.

Potential problems with the experiment

  1. Tickename, obviously pretty bad issue;
  2. Reputation/community loss (BCH splitting again);
  3. Confusion for next few years about what Bitcoin Cash is (just like it was with BCH/BTC split);
  4. No replay protection (this one is nasty), so it's hard to split your money at fork time, you need to wait to get some miner dust to mix in with your coins to split them properly;
  5. Potential that one side might be without wallets at first (i.e. if all wallets and services like Fountainhead/rest.bitcoin.com, which are used by wallets, leave ABC - how would you transfer your money?) - that surely will be a blow, but it's fixable. BCH started this way too.
  6. EDIT: Merchant dis-adoption. Many will be tired of non-stop drama and leave. Maybe, stability of BCHN site will lure some back later. (comment about this)
I don't see miners as an issue (I explained why here and here)
I'm actually curious. Whether corporate efficiency (but with a bit of socialism) or grass-roots (barely with any funding in comparison) will get ahead.
Even though there is already a similar experiment going (BSV), but it's still interesting - each corporation is different and where Apple succeeded, many other phone/computer companies failed. Is listening to market critical? Remember Henry Ford: "If I had asked people what they wanted, they would have said faster horses." On the other hand we have plenty of coins with a lot of funding not even in Top 10.
Get your tickets (coins) ready, we're in for a ride!
submitted by readcash to btc [link] [comments]

All you need to know about Yield Farming - The rocket fuel for Defi

All you need to know about Yield Farming - The rocket fuel for Defi
Source
It’s effectively July 2017 in the world of decentralized finance (DeFi), and as in the heady days of the initial coin offering (ICO) boom, the numbers are only trending up.
According to DeFi Pulse, there is $1.9 billion in crypto assets locked in DeFi right now. According to the CoinDesk ICO Tracker, the ICO market started chugging past $1 billion in July 2017, just a few months before token sales started getting talked about on TV.
Debate juxtaposing these numbers if you like, but what no one can question is this: Crypto users are putting more and more value to work in DeFi applications, driven largely by the introduction of a whole new yield-generating pasture, Compound’s COMP governance token.
Governance tokens enable users to vote on the future of decentralized protocols, sure, but they also present fresh ways for DeFi founders to entice assets onto their platforms.
That said, it’s the crypto liquidity providers who are the stars of the present moment. They even have a meme-worthy name: yield farmers.

https://preview.redd.it/lxsvazp1g9l51.png?width=775&format=png&auto=webp&s=a36173ab679c701a5d5e0aac806c00fcc84d78c1

Where it started

Ethereum-based credit market Compound started distributing its governance token, COMP, to the protocol’s users this past June 15. Demand for the token (heightened by the way its automatic distribution was structured) kicked off the present craze and moved Compound into the leading position in DeFi.
The hot new term in crypto is “yield farming,” a shorthand for clever strategies where putting crypto temporarily at the disposal of some startup’s application earns its owner more cryptocurrency.
Another term floating about is “liquidity mining.”
The buzz around these concepts has evolved into a low rumble as more and more people get interested.
The casual crypto observer who only pops into the market when activity heats up might be starting to get faint vibes that something is happening right now. Take our word for it: Yield farming is the source of those vibes.
But if all these terms (“DeFi,” “liquidity mining,” “yield farming”) are so much Greek to you, fear not. We’re here to catch you up. We’ll get into all of them.
We’re going to go from very basic to more advanced, so feel free to skip ahead.

What are tokens?

Most CoinDesk readers probably know this, but just in case: Tokens are like the money video-game players earn while fighting monsters, money they can use to buy gear or weapons in the universe of their favorite game.
But with blockchains, tokens aren’t limited to only one massively multiplayer online money game. They can be earned in one and used in lots of others. They usually represent either ownership in something (like a piece of a Uniswap liquidity pool, which we will get into later) or access to some service. For example, in the Brave browser, ads can only be bought using basic attention token (BAT).
If tokens are worth money, then you can bank with them or at least do things that look very much like banking. Thus: decentralized finance.
Tokens proved to be the big use case for Ethereum, the second-biggest blockchain in the world. The term of art here is “ERC-20 tokens,” which refers to a software standard that allows token creators to write rules for them. Tokens can be used a few ways. Often, they are used as a form of money within a set of applications. So the idea for Kin was to create a token that web users could spend with each other at such tiny amounts that it would almost feel like they weren’t spending anything; that is, money for the internet.
Governance tokens are different. They are not like a token at a video-game arcade, as so many tokens were described in the past. They work more like certificates to serve in an ever-changing legislature in that they give holders the right to vote on changes to a protocol.
So on the platform that proved DeFi could fly, MakerDAO, holders of its governance token, MKR, vote almost every week on small changes to parameters that govern how much it costs to borrow and how much savers earn, and so on.
Read more: Why DeFi’s Billion-Dollar Milestone Matters
One thing all crypto tokens have in common, though, is they are tradable and they have a price. So, if tokens are worth money, then you can bank with them or at least do things that look very much like banking. Thus: decentralized finance.

What is DeFi?

Fair question. For folks who tuned out for a bit in 2018, we used to call this “open finance.” That construction seems to have faded, though, and “DeFi” is the new lingo.
In case that doesn’t jog your memory, DeFi is all the things that let you play with money, and the only identification you need is a crypto wallet.
On the normal web, you can’t buy a blender without giving the site owner enough data to learn your whole life history. In DeFi, you can borrow money without anyone even asking for your name.
I can explain this but nothing really brings it home like trying one of these applications. If you have an Ethereum wallet that has even $20 worth of crypto in it, go do something on one of these products. Pop over to Uniswap and buy yourself some FUN (a token for gambling apps) or WBTC (wrapped bitcoin). Go to MakerDAO and create $5 worth of DAI (a stablecoin that tends to be worth $1) out of the digital ether. Go to Compound and borrow $10 in USDC.
(Notice the very small amounts I’m suggesting. The old crypto saying “don’t put in more than you can afford to lose” goes double for DeFi. This stuff is uber-complex and a lot can go wrong. These may be “savings” products but they’re not for your retirement savings.)
Immature and experimental though it may be, the technology’s implications are staggering. On the normal web, you can’t buy a blender without giving the site owner enough data to learn your whole life history. In DeFi, you can borrow money without anyone even asking for your name.
DeFi applications don’t worry about trusting you because they have the collateral you put up to back your debt (on Compound, for instance, a $10 debt will require around $20 in collateral).
Read more: There Are More DAI on Compound Now Than There Are DAI in the World
If you do take this advice and try something, note that you can swap all these things back as soon as you’ve taken them out. Open the loan and close it 10 minutes later. It’s fine. Fair warning: It might cost you a tiny bit in fees, and the cost of using Ethereum itself right now is much higher than usual, in part due to this fresh new activity. But it’s nothing that should ruin a crypto user.
So what’s the point of borrowing for people who already have the money? Most people do it for some kind of trade. The most obvious example, to short a token (the act of profiting if its price falls). It’s also good for someone who wants to hold onto a token but still play the market.

Doesn’t running a bank take a lot of money up front?

It does, and in DeFi that money is largely provided by strangers on the internet. That’s why the startups behind these decentralized banking applications come up with clever ways to attract HODLers with idle assets.
Liquidity is the chief concern of all these different products. That is: How much money do they have locked in their smart contracts?
“In some types of products, the product experience gets much better if you have liquidity. Instead of borrowing from VCs or debt investors, you borrow from your users,” said Electric Capital managing partner Avichal Garg.
Let’s take Uniswap as an example. Uniswap is an “automated market maker,” or AMM (another DeFi term of art). This means Uniswap is a robot on the internet that is always willing to buy and it’s also always willing to sell any cryptocurrency for which it has a market.
On Uniswap, there is at least one market pair for almost any token on Ethereum. Behind the scenes, this means Uniswap can make it look like it is making a direct trade for any two tokens, which makes it easy for users, but it’s all built around pools of two tokens. And all these market pairs work better with bigger pools.

Why do I keep hearing about ‘pools’?

To illustrate why more money helps, let’s break down how Uniswap works.
Let’s say there was a market for USDC and DAI. These are two tokens (both stablecoins but with different mechanisms for retaining their value) that are meant to be worth $1 each all the time, and that generally tends to be true for both.
The price Uniswap shows for each token in any pooled market pair is based on the balance of each in the pool. So, simplifying this a lot for illustration’s sake, if someone were to set up a USDC/DAI pool, they should deposit equal amounts of both. In a pool with only 2 USDC and 2 DAI it would offer a price of 1 USDC for 1 DAI. But then imagine that someone put in 1 DAI and took out 1 USDC. Then the pool would have 1 USDC and 3 DAI. The pool would be very out of whack. A savvy investor could make an easy $0.50 profit by putting in 1 USDC and receiving 1.5 DAI. That’s a 50% arbitrage profit, and that’s the problem with limited liquidity.
(Incidentally, this is why Uniswap’s prices tend to be accurate, because traders watch it for small discrepancies from the wider market and trade them away for arbitrage profits very quickly.)
Read more: Uniswap V2 Launches With More Token-Swap Pairs, Oracle Service, Flash Loans
However, if there were 500,000 USDC and 500,000 DAI in the pool, a trade of 1 DAI for 1 USDC would have a negligible impact on the relative price. That’s why liquidity is helpful.
You can stick your assets on Compound and earn a little yield. But that’s not very creative. Users who look for angles to maximize that yield: those are the yield farmers.
Similar effects hold across DeFi, so markets want more liquidity. Uniswap solves this by charging a tiny fee on every trade. It does this by shaving off a little bit from each trade and leaving that in the pool (so one DAI would actually trade for 0.997 USDC, after the fee, growing the overall pool by 0.003 USDC). This benefits liquidity providers because when someone puts liquidity in the pool they own a share of the pool. If there has been lots of trading in that pool, it has earned a lot of fees, and the value of each share will grow.
And this brings us back to tokens.
Liquidity added to Uniswap is represented by a token, not an account. So there’s no ledger saying, “Bob owns 0.000000678% of the DAI/USDC pool.” Bob just has a token in his wallet. And Bob doesn’t have to keep that token. He could sell it. Or use it in another product. We’ll circle back to this, but it helps to explain why people like to talk about DeFi products as “money Legos.”

So how much money do people make by putting money into these products?

It can be a lot more lucrative than putting money in a traditional bank, and that’s before startups started handing out governance tokens.
Compound is the current darling of this space, so let’s use it as an illustration. As of this writing, a person can put USDC into Compound and earn 2.72% on it. They can put tether (USDT) into it and earn 2.11%. Most U.S. bank accounts earn less than 0.1% these days, which is close enough to nothing.
However, there are some caveats. First, there’s a reason the interest rates are so much juicier: DeFi is a far riskier place to park your money. There’s no Federal Deposit Insurance Corporation (FDIC) protecting these funds. If there were a run on Compound, users could find themselves unable to withdraw their funds when they wanted.
Plus, the interest is quite variable. You don’t know what you’ll earn over the course of a year. USDC’s rate is high right now. It was low last week. Usually, it hovers somewhere in the 1% range.
Similarly, a user might get tempted by assets with more lucrative yields like USDT, which typically has a much higher interest rate than USDC. (Monday morning, the reverse was true, for unclear reasons; this is crypto, remember.) The trade-off here is USDT’s transparency about the real-world dollars it’s supposed to hold in a real-world bank is not nearly up to par with USDC’s. A difference in interest rates is often the market’s way of telling you the one instrument is viewed as dicier than another.
Users making big bets on these products turn to companies Opyn and Nexus Mutual to insure their positions because there’s no government protections in this nascent space – more on the ample risks later on.
So users can stick their assets in Compound or Uniswap and earn a little yield. But that’s not very creative. Users who look for angles to maximize that yield: those are the yield farmers.

OK, I already knew all of that. What is yield farming?

Broadly, yield farming is any effort to put crypto assets to work and generate the most returns possible on those assets.
At the simplest level, a yield farmer might move assets around within Compound, constantly chasing whichever pool is offering the best APY from week to week. This might mean moving into riskier pools from time to time, but a yield farmer can handle risk.
“Farming opens up new price arbs [arbitrage] that can spill over to other protocols whose tokens are in the pool,” said Maya Zehavi, a blockchain consultant.
Because these positions are tokenized, though, they can go further.
This was a brand-new kind of yield on a deposit. In fact, it was a way to earn a yield on a loan. Who has ever heard of a borrower earning a return on a debt from their lender?
In a simple example, a yield farmer might put 100,000 USDT into Compound. They will get a token back for that stake, called cUSDT. Let’s say they get 100,000 cUSDT back (the formula on Compound is crazy so it’s not 1:1 like that but it doesn’t matter for our purposes here).
They can then take that cUSDT and put it into a liquidity pool that takes cUSDT on Balancer, an AMM that allows users to set up self-rebalancing crypto index funds. In normal times, this could earn a small amount more in transaction fees. This is the basic idea of yield farming. The user looks for edge cases in the system to eke out as much yield as they can across as many products as it will work on.
Right now, however, things are not normal, and they probably won’t be for a while.

Why is yield farming so hot right now?

Because of liquidity mining. Liquidity mining supercharges yield farming.
Liquidity mining is when a yield farmer gets a new token as well as the usual return (that’s the “mining” part) in exchange for the farmer’s liquidity.
“The idea is that stimulating usage of the platform increases the value of the token, thereby creating a positive usage loop to attract users,” said Richard Ma of smart-contract auditor Quantstamp.
The yield farming examples above are only farming yield off the normal operations of different platforms. Supply liquidity to Compound or Uniswap and get a little cut of the business that runs over the protocols – very vanilla.
But Compound announced earlier this year it wanted to truly decentralize the product and it wanted to give a good amount of ownership to the people who made it popular by using it. That ownership would take the form of the COMP token.
Lest this sound too altruistic, keep in mind that the people who created it (the team and the investors) owned more than half of the equity. By giving away a healthy proportion to users, that was very likely to make it a much more popular place for lending. In turn, that would make everyone’s stake worth much more.
So, Compound announced this four-year period where the protocol would give out COMP tokens to users, a fixed amount every day until it was gone. These COMP tokens control the protocol, just as shareholders ultimately control publicly traded companies.
Every day, the Compound protocol looks at everyone who had lent money to the application and who had borrowed from it and gives them COMP proportional to their share of the day’s total business.
The results were very surprising, even to Compound’s biggest promoters.
COMP’s value will likely go down, and that’s why some investors are rushing to earn as much of it as they can right now.
This was a brand-new kind of yield on a deposit into Compound. In fact, it was a way to earn a yield on a loan, as well, which is very weird: Who has ever heard of a borrower earning a return on a debt from their lender?
COMP’s value has consistently been well over $200 since it started distributing on June 15. We did the math elsewhere but long story short: investors with fairly deep pockets can make a strong gain maximizing their daily returns in COMP. It is, in a way, free money.
It’s possible to lend to Compound, borrow from it, deposit what you borrowed and so on. This can be done multiple times and DeFi startup Instadapp even built a tool to make it as capital-efficient as possible.
“Yield farmers are extremely creative. They find ways to ‘stack’ yields and even earn multiple governance tokens at once,” said Spencer Noon of DTC Capital.
COMP’s value spike is a temporary situation. The COMP distribution will only last four years and then there won’t be any more. Further, most people agree that the high price now is driven by the low float (that is, how much COMP is actually free to trade on the market – it will never be this low again). So the value will probably gradually go down, and that’s why savvy investors are trying to earn as much as they can now.
Appealing to the speculative instincts of diehard crypto traders has proven to be a great way to increase liquidity on Compound. This fattens some pockets but also improves the user experience for all kinds of Compound users, including those who would use it whether they were going to earn COMP or not.
As usual in crypto, when entrepreneurs see something successful, they imitate it. Balancer was the next protocol to start distributing a governance token, BAL, to liquidity providers. Flash loan provider bZx has announced a plan. Ren, Curve and Synthetix also teamed up to promote a liquidity pool on Curve.
It is a fair bet many of the more well-known DeFi projects will announce some kind of coin that can be mined by providing liquidity.
The case to watch here is Uniswap versus Balancer. Balancer can do the same thing Uniswap does, but most users who want to do a quick token trade through their wallet use Uniswap. It will be interesting to see if Balancer’s BAL token convinces Uniswap’s liquidity providers to defect.
So far, though, more liquidity has gone into Uniswap since the BAL announcement, according to its data site. That said, even more has gone into Balancer.

Did liquidity mining start with COMP?

No, but it was the most-used protocol with the most carefully designed liquidity mining scheme.
This point is debated but the origins of liquidity mining probably date back to Fcoin, a Chinese exchange that created a token in 2018 that rewarded people for making trades. You won’t believe what happened next! Just kidding, you will: People just started running bots to do pointless trades with themselves to earn the token.
Similarly, EOS is a blockchain where transactions are basically free, but since nothing is really free the absence of friction was an invitation for spam. Some malicious hacker who didn’t like EOS created a token called EIDOS on the network in late 2019. It rewarded people for tons of pointless transactions and somehow got an exchange listing.
These initiatives illustrated how quickly crypto users respond to incentives.
Read more: Compound Changes COMP Distribution Rules Following ‘Yield Farming’ Frenzy
Fcoin aside, liquidity mining as we now know it first showed up on Ethereum when the marketplace for synthetic tokens, Synthetix, announced in July 2019 an award in its SNX token for users who helped add liquidity to the sETH/ETH pool on Uniswap. By October, that was one of Uniswap’s biggest pools.
When Compound Labs, the company that launched the Compound protocol, decided to create COMP, the governance token, the firm took months designing just what kind of behavior it wanted and how to incentivize it. Even still, Compound Labs was surprised by the response. It led to unintended consequences such as crowding into a previously unpopular market (lending and borrowing BAT) in order to mine as much COMP as possible.
Just last week, 115 different COMP wallet addresses – senators in Compound’s ever-changing legislature – voted to change the distribution mechanism in hopes of spreading liquidity out across the markets again.

Is there DeFi for bitcoin?

Yes, on Ethereum.
Nothing has beaten bitcoin over time for returns, but there’s one thing bitcoin can’t do on its own: create more bitcoin.
A smart trader can get in and out of bitcoin and dollars in a way that will earn them more bitcoin, but this is tedious and risky. It takes a certain kind of person.
DeFi, however, offers ways to grow one’s bitcoin holdings – though somewhat indirectly.
A long HODLer is happy to gain fresh BTC off their counterparty’s short-term win. That’s the game.
For example, a user can create a simulated bitcoin on Ethereum using BitGo’s WBTC system. They put BTC in and get the same amount back out in freshly minted WBTC. WBTC can be traded back for BTC at any time, so it tends to be worth the same as BTC.
Then the user can take that WBTC, stake it on Compound and earn a few percent each year in yield on their BTC. Odds are, the people who borrow that WBTC are probably doing it to short BTC (that is, they will sell it immediately, buy it back when the price goes down, close the loan and keep the difference).
A long HODLer is happy to gain fresh BTC off their counterparty’s short-term win. That’s the game.

How risky is it?

Enough.
“DeFi, with the combination of an assortment of digital funds, automation of key processes, and more complex incentive structures that work across protocols – each with their own rapidly changing tech and governance practices – make for new types of security risks,” said Liz Steininger of Least Authority, a crypto security auditor. “Yet, despite these risks, the high yields are undeniably attractive to draw more users.”
We’ve seen big failures in DeFi products. MakerDAO had one so bad this year it’s called “Black Thursday.” There was also the exploit against flash loan provider bZx. These things do break and when they do money gets taken.
As this sector gets more robust, we could see token holders greenlighting more ways for investors to profit from DeFi niches.
Right now, the deal is too good for certain funds to resist, so they are moving a lot of money into these protocols to liquidity mine all the new governance tokens they can. But the funds – entities that pool the resources of typically well-to-do crypto investors – are also hedging. Nexus Mutual, a DeFi insurance provider of sorts, told CoinDesk it has maxed out its available coverage on these liquidity applications. Opyn, the trustless derivatives maker, created a way to short COMP, just in case this game comes to naught.
And weird things have arisen. For example, there’s currently more DAI on Compound than have been minted in the world. This makes sense once unpacked but it still feels dicey to everyone.
That said, distributing governance tokens might make things a lot less risky for startups, at least with regard to the money cops.
“Protocols distributing their tokens to the public, meaning that there’s a new secondary listing for SAFT tokens, [gives] plausible deniability from any security accusation,” Zehavi wrote. (The Simple Agreement for Future Tokens was a legal structure favored by many token issuers during the ICO craze.)
Whether a cryptocurrency is adequately decentralized has been a key feature of ICO settlements with the U.S. Securities and Exchange Commission (SEC).

What’s next for yield farming? (A prediction)

COMP turned out to be a bit of a surprise to the DeFi world, in technical ways and others. It has inspired a wave of new thinking.
“Other projects are working on similar things,” said Nexus Mutual founder Hugh Karp. In fact, informed sources tell CoinDesk brand-new projects will launch with these models.
We might soon see more prosaic yield farming applications. For example, forms of profit-sharing that reward certain kinds of behavior.
Imagine if COMP holders decided, for example, that the protocol needed more people to put money in and leave it there longer. The community could create a proposal that shaved off a little of each token’s yield and paid that portion out only to the tokens that were older than six months. It probably wouldn’t be much, but an investor with the right time horizon and risk profile might take it into consideration before making a withdrawal.
(There are precedents for this in traditional finance: A 10-year Treasury bond normally yields more than a one-month T-bill even though they’re both backed by the full faith and credit of Uncle Sam, a 12-month certificate of deposit pays higher interest than a checking account at the same bank, and so on.)
As this sector gets more robust, its architects will come up with ever more robust ways to optimize liquidity incentives in increasingly refined ways. We could see token holders greenlighting more ways for investors to profit from DeFi niches.
Questions abound for this nascent industry: What will MakerDAO do to restore its spot as the king of DeFi? Will Uniswap join the liquidity mining trend? Will anyone stick all these governance tokens into a decentralized autonomous organization (DAO)? Or would that be a yield farmers co-op?
Whatever happens, crypto’s yield farmers will keep moving fast. Some fresh fields may open and some may soon bear much less luscious fruit.
But that’s the nice thing about farming in DeFi: It is very easy to switch fields.
submitted by pascalbernoulli to Yield_Farming [link] [comments]

What is Bitcoin Cash and some exchanges to try out!

Bitcoin Cash (BCH) came about in August 2017 after a hard fork and a split in the Bitcoin blockchain. Bitcoin Cash is a direct result of the constant debates and many opinions about the future of Bitcoin’s scalability and mass adoption.

Bitcoin vs. Bitcoin Cash

Bitcoin’s blockchain has grown exponentially in recent times. This means that many more users are using the cryptocurrency, which is slowing down the network.
The limited Bitcoin block size of 1 MB means that blocks are filling up quickly, resulting in a long queue of unconfirmed transactions. As a result, at peak times, transactions have become slow and expensive.
Bitcoin cash, on the other hand, was initially created with an 8MB block, which was later on increased in size to 32MB. This change allows for more transactions to be processed in each block mined.
Many see this as a step forward in terms of how best to scale the network.
Bitcoin Cash opposers remain adamant that it’s simply a short-term fix that doesn’t solve the problem in the long run. Also, they claim there’s no implementation of ideas such as Segwit to help effectively break transactions down into smaller, more manageable pieces.
Bitcoin Cash (BCH), Sometimes referred to as Bcash, is a fork of Bitcoin (BTC). When a fork occurs on a Blockchain, the currency is basically duplicated.
This means that anyone with Bitcoins in his possession at the time the fork occurred, got credited with the same amount of Bitcoin Cash.

Buying Bitcoin Cash in 3 Simple Steps

Step 1: Get a Bitcoin Cash Wallet

Before you can buy Bitcoin Cash, you’ll need a Bitcoin Cash wallet to store it in. Hardware wallets that support Bitcoin Cash include industry leaders Ledger and TREZOR.
Both Ledger and TREZOR provide functions for you to use Bitcoin Cash as you would any other cryptocurrency. Both have also introduced the ability to claim your funds if you already owned Bitcoin at the time of the Bitcoin Cash hard fork.
Additionally, there are a variety of software wallets you can use to store Bitcoin Cash as well.
Exodus provides a great user experience with a seamless coin exchange service known as Shapeshift built in.
Edge is a mobile wallet for iOS and Android that supports multiple cryptocurrencies including Bitcoin Cash. It also has a variety of features allowing you to buy cryptocurrencies and exchange them from within the app.
Electron Cash is a clone of the awesome Electrum wallet for Bitcoin. If you’re used to Electrum, then you’ll have no problem jumping on board with its sister technology.
Other wallets that support BCH include Keepkey, BTC.com, Bitpay, and Coinomi. You can view all available wallets on the official Bitcoin Cash website.
Once you have your wallet, you will need your Bitcoin Cash address. It’s a long string of letters and numbers that start with either a “1” or a “3” — similar to normal Bitcoin addresses.
Since many people got confused and started sending Bitcoins to Bitcoin Cash wallets and vice versa, a new format was invented for Bitcoin Cash. The format, called “Cash Address” is 42 characters long and starts with a “p” or a “q”. Here’s an example:
qpm2qsznhks23z7629mms6s4cwef74vcwvy22gdx6a
Keep in mind that Cash Addresses are just a representation of original Bitcoin Cash addresses. This means that the same address can be represented in two different ways (normal format or Cash Address format).
Not all wallets support Cash address format.

Step 2: Find a Bitcoin Cash Exchange

Most Bitcoin exchanges will also allow you to buy Bitcoin Cash, here are top ones around.
Buy Bitcoin Cash Through eToro
eToro allows users from around the world to buy and sell Bitcoin Cash with a variety of payment methods.
eToro is more aimed towards investing in BCH for making a profit in fiat currency (i.e. Dollars, Euros, etc.) rather than actually using it. That being said, eToro does give you access to your coins and allows you to send coins from eToro to other people.
If you use eToro for investment only, you don’t actually need a Bitcoin Cash wallet as you won’t be withdrawing the coins.
*75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. CFDs are not offered to US users. Cryptoassets are highly volatile unregulated investment products. No EU investor protection.
Buy Bitcoin Cash Through Coinmama
Coinmama, one of the oldest exchanges around, allows you to buy Bitcoin Cash with a credit card, debit card or SEPA transfer. Coinmama accepts users from almost all countries around the world.
Buy Bitcoin Cash Through CEX.io
CEX.IO, based in London, is a trusted, experienced name in the industry, having been around since 2013. You can choose from a selection of cryptocurrencies on the site, including Bitcoin Cash.
The exchange has a brokerage service (easier to use, more expensive) and a trading platform (cheaper but more complex).CEX accepts credit cards, debit cards, wire transfers and SEPA.
Buy Bitcoin Cash Through Coinbase
Coinbase is a reputable Bitcoin exchange that supplies a variety of other services including a wallet, a trading platform (Coinbase Pro) and a Bitcoin debit card.
If you’re a beginner, it’s probably best to use the brokerage service which is a bit more expensive, but easier to use. Advanced users can use Coinbase Pro to buy Bitcoin Cash with lower fees.
Coinbase accepts debit cards and wire transfers.
Buy Bitcoin Cash Through Bitstamp
Bitstamp, the oldest exchange around, supports the trading of BCH to Bitcoin and direct purchases with US dollars or Euros. There’s also an option to buy Bitcoin Cash with your credit card at a higher price.
If you know your way around Bitcoin trading platforms it’s best to use that service and not the credit card service since you’ll save substantially on fees.
Other options to purchase Bitcoin Cash include Bitfinex, Cryptmixer, Kraken, Poloniex, HitBTC, and more (you can view all available exchanges on Bitcoin Cash’s website).

Step 3: Transfer the BCH to your wallet

As usual, I recommend that you never leave money on an exchange.
Once you’ve finished buying your Bitcoin Cash, move it to your own wallet (the one you chose in step 1). You can then follow the status of your transaction using a Bitcoin Cash block explorer.
Once you receive three confirmations for your Bitcoin Cash, you can safely say you’ve completed the process.

Conclusion

It’s apparent that Bitcoin Cash has still not gained full acceptance by large parts of the cryptocurrency community. It still sits firmly in second place to its older brother in terms of both price and usage.
Bitcoin Cash has the advantage of being the first major split that has garnered acceptance. Most forks after it didn’t receive nearly enough attention from the community or the media.
However, with internal conflicts inside its founding team and accelerated Bitcoin development for scalability solutions, I’m not sure if there’s an actual use case for Bitcoin Cash other than price speculation.
submitted by MonishaNuij to MonMonCrypto [link] [comments]

[Table] IAmA dark web expert, investigative journalist and true crime author. I’ve met dark web kingpins in far flung prisons and delved the murky depths of child predator forums. I’ve written six books and over a dozen Casefile podcast episodes. AMA (part 1/2)

Source | Guestbook
Note: Some answers were repetitive, but were not edited out.
Questions Answers
Have you ever gotten into legal trouble by exploring the dark places of the internet? Like, "sorry, officer, I was only surfing drug markets and child molester forums for my next journalism piece..." Do you worry about that? Do you have to take extra steps to protect yourself? I'm very careful not to go anywhere that it is illegal to visit. You will hear loads of stories about how easy it is to "stumble upon" child porn, but the fact is that those sites usually have names like "Preteen cuties" so you know exactly what they are, and in order to access them you have to register. So you have to make a very deliberate choice to log into them. I have no interest whatsoever in viewing any child abuse material, so I don't go into those places. When I was researching The Darkest Web, I went to the discussion forums that didn't allow any images (though they did link to sites that did), and even there I turned off images.
As for the drugs, weapons etc, there is nothing illegal about surfing them and looking around.
I do get a bit nervous every time I visit the US, especially when I was invited to a "friendly" lunch with Homeland Security once (it was reasonably friendly as it turns out, it was also terrifying)
the below is a reply to the above
Why did homeland security want to talk to you? They said it was about the murder-for-hire stuff, but some of the questions leaned toward something else
Is there anything that really concerns you about the dark web? Some of the things already discussed are beyond barbaric and that is only the stuff that has been found out about and been picked up by the media and your fantastic work. Do you think the public should expect worse and more horrific revelations from the dark web or is it just "more of the same" for lack of a better term and do you think the authorities are getting better in shutting this inhumanity down and catching the people responsible? I am definitely not against people taking back their online privacy and I actually think that buying drugs from the darknet markets is a safer and more sensible option than buying them from the dodgy dealer down the road. However the one thing that is really disturbing is that the dark web has provided a place for child predators to find each other and form communities where they support and egg each other on. Imagine a few years ago, someone who was into hurtcore could never tell anyone else and would be unlikely to ever come across another person with the same perversions. Now it is as simple as finding the relevant site on the dark web. When there are suddenly hundreds of people who all think and act in the same way, it normlalizes what they are doing.
One of the guys who got caught, Matthew Falder, was a sadist who used to crowdsource "ideas" for torturing the children and teens he was blackmailing into doing heinous things for him online. But apparently he was a "normal" intelligent popular guy
the below is a reply to the above
But how does everyone participate in those illegal sites without getting caught? You said in other comments that you tried to stay away from underaged sites because they were illegal. Can't they be tracked down, even with tor and a vpn? The thing that I don't understand is that even on the dark web people say you should stay away from illegal sites, but how are pedos not getting caught? they are getting caught, but the way they are getting caught is through painstaking detective work, looking for clues in photos, befriending them online and getting them to reveal things about themselves (what is known as social engineering). It takes a long time and many resources.
I say don't go there because (a) it is illegal and (b) you really shouldn't want to go there
Iirc you attended the trial of the person behind the horrific hurt core website that was exposed a few years back. I was wondering if there was anything in particular that happened during the trial that particularly shocked or horrified you that isn't really public knowledge or talked about? Reactions from the judge or perpetrator during the trial etc. As I remember it the guy was a fairly young loner who lived with his parents but would probably never have been expected to be behind the horrific vile things which he was found to be. Also, how did you get into investigative journalism/writing? I wrote in one of the other replies above about the little mute girl that has stayed with me. Also, at the insistence of the prosecution, the judge had to watch "Daisy's Destruction" which was a video of torture of a toddler. He put it off for two days and when he came back he was white. He didn't have the sound on, which is considered the worst part, but he still looked shell-shocked. I don't envy him.
I'll cut'n'paste re your last question: I was in London, working for one of the most conservative law firms in the world when the Global Financial Crisis hit. I liked the job but it struck me when people were losing their livelihoods that I was working for the bad guys. I'd always wanted to be a writer so when I came back to Australia I quit law and enrolled in a writing course planning to be a novelist, but I discovered I was better at journalism. I first wrote for newspapers here about Silk Road and it grew from there
the below is a reply to the above
Thanks for the reply.. that really must've been horrific for all involved from investigation to trial and for all of the victims (apart from the scum responsible of course). I guess it would be naive to assume that the end of this site did anything other than drive this depraved community even further underground. That is the part which is really scary to me but I suppose all we can do is have faith that the authorities are always close on the tail. Thank you for your work on reporting on this and raising this stuff more into the public consciousness and making people more aware of what kind of evil still lurks. It was the most disturbing two days of my life, made all the worse because they read out hours of interactions from the site where the children still had not been identified or the predators caught.
Hurt2theCore was not the last site of its kind and there are still hurtcore sites to this day on the dark web. The one hopeful thing is that there are international task forces that seem to work together really well (unlike when it comes to drugs and every law enforcement agency wants to take the lead and they all withhold info from each other). There are a lot of resources allocated to identifying predators and their victims. Sometimes this has involved some very controversial tactics, such as taking over the sites and letting them run, so that they can use social engineering techniques to identify those who are using the sites and who are actually abusing children
the below is another reply to the original answer
So daisy's destruction is real? Was it referred to by that name court? I always thought it was a myth Yes, Daisy's Destruction is real, it was referred to by name in court and the judge had to watch the 12 minutes of it that were hosted on Hurt2theCore.
The "myth" part is that it shows a murder. The toddler, Daisy, lived, though she suffered such horrific injuries she will never be able to bear children. Hopefully she was young enough that she will grow up without the memory.
However, Scully did murder at least one child, whose body was found under the floorboards of his house. it is not known whether he filmed her murder as no video evidence of it has come to light.
the below is a reply to the above
Thanks for answering. I actually watched a really good video on Hurt2theCore on youtube once, I think it was by a guy called Nexpo. It was really detailed and informative about the whole case - I forgot those details. Thanks again for replying, this AMA is really informative! I think I recall that one, it was from a few years ago.
An excellent podcast that came out recently is "Hunting Warhead", highly recommend a listen. It is a tough listen, but exceptionally well-told and respectfully handled
How do you detach yourself from your work? I'm an investigator for a law firm and I've had a lot of difficult working on wrongful death cases recently. Also, how did you first end up getting published? Any tips for people interested in that field? Thanks! I don't detach. When I was researching hurtcore, it was harrowing and affected me deeply. Writing that part of the book was a very slow process because I just couldn't be in that headspace for very long at a time. Once the book was written I didn't go back there.
I already had a reputation as a blogger and a freelance journalist when i pitched my book on Silk Road. I got an agent and it was auctioned off, with Pan MacMillan getting the rights. At the time, Silk Road was still going strong, and the book I wrote was about this new frontier of drug dealing that was changing the world. I was writing it "from the inside" as I had been an active part of the community for two years. However, right as I submitted the final manuscript to my publisher, Silk Road was busted and Ross Ulbricht arrested, so i had to quickly change the narrative to a "Rise and Fall" thing!
How many times have you approached law enforcement with information and how many times has the approach resulted in action? and... are there times where you know something nefarious is happening but history and the evidence at hand tells you it's not worth the effort? There is no point in approaching law enforcement to say "I have come across this site". If I've found it, you can guarantee law enforcement has found it as well.
The only time I've approached law enforcement was when I had information that they did not, which was when a friendly hacker provided me with a back door into the Besa Mafia murder-for-hire site. I got to see all the messages and orders etc. Of course LE knew about the site, but they did not have the details of the people who had hits taken out on them. We tried desperately to tell police in several countries that real people had paid real money to have other real people killed, but they just weren't interested. We sounded like crazy people talking about dark web hitmen, who were scams anyway and nobody was dead, so why should they be interested? They became much more engaged when one of the people WE HAD PREVIOUSLY TOLD THEM ABOUT later turned up dead
the below is a reply to the above
By law enforcement, do you mean only local or else the big agencies? I feel like I wouldn't tell my local police department because they wouldn't really know what to do. It would have to the the bigger agencies. FBI in US. NCA in UK. AFP in Australia. Nobody was very interested, although the FBI did visit at least one of the targets to let her know she was a target. She still wound up dead
What are some of the most prevalent uses of the dark web that AREN'T all shady and nefarious? We might be getting into semantics here, but people use Tor, which is the most possible darknet that is used to access the dark web, just for private browsing and ensuring that commercial interests aren't following them everywhere to bombard them with ads for some thing they looked up.
Some of the news organizations have a dark web presence so that whistleblowers can upload information safely. Even the CIA has a site on the dark web so that people can anonymously tip off matters of national security.
Other than that, there are just forums, where you don't have to worry that every single stupid thing you post will be saved in posterity forever, to be trotted out years later when you run for congress or something
After everything you've seen, does anything surprise you anymore or are you just numb to it at this point? Do you think there should be more education/exposure about the dark web than there is now or would that just be counter-productive as people would just find another place to hide? I'm curious to hear any favourite stories about the Psychonauts. I am not numb and I hope I never become numb. I really don't visit the horrible dark places very often, unless I'm researching something specific, and even then I don't look at pictures or videos. Most of the crime is pretty benign - I'm not fazed by people wanting a safer way to buy drugs.
I think there needs to be ongoing discussions about online activity and its misuse in general, but most crime still happens on the clearnet. The dark web is not nearly as large or prevalent as people fear.
For a long time, a dealer provided free LSD to anyone who wanted it for personal use (ie not sale) and to any organizations who were doing psychedelic therapy.
One psychonaut got busted and spent time in prison... only he still had bitcoin in a wallet and by the time he was released he was a millionaire. He would have just spent it on drugs otherwise :)
I know law enforcement has to delve into the predator side of the dark web. With what you've seen do you think it should be mandatory or an industry standard that law enforcement officials seek professional help? I couldn't imagine investigating that daily and not thinking less of humanity at some point. I'm pretty sure they do. I worked for Legal Aid for a while, and i know there were pretty strict rules in place for the lawyers who had to defend child abusers.
When I was at the trial for Lux, owner of Hurt2theCore, I met a cop whose job it was to watch all the videos and befriend the predators in an attempt to get them to slip up and reveal something of themselves. She said she had a little filing cabinet in her brain where she put all that stuff, and that making an arrest made it all worthwhile. She had made several arrests personally. She was a sex offender's worst nightmare :)
What’s one of your personal favorite investigations and what made it unique for you? By far the Besa Mafia murder-for-hire case. What made it unique was that, first, I was provided a back door into the Besa Mafia site by a friendly hacker, so i had information that nobody else had. But then I became "friends" for want of a better word with the owner of the site, Yura. Besa Mafia, of course, was not killing anyone, but Yura made a LOT of money scamming would-be murderers out of their money. We entered into a weird relationship over the years where i would report on his activities and he would try every trick under the sun to stop me from doing so, so that he could keep scamming people. He even offered me a job, helping him, because he had become so busy. He also provided me with names and details of people who had hits taken out on them so I could pass them on to law enforcement.
It all became horribly real when one of the people who had a hit put out of them wound up dead. It wasn't Yura of course, but the guy had paid him $13K before giving up on the site and doing it himself. The thing was WE HAD TOLD THE FBI about the hit and the $13K and they visited the victim, but then put it into the too-hard basket when she couldn't think who might have paid that much to kill her.
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Wow. That’s actually pretty cool. Reminds me of an old saying. “Keep your friends close, but your enemies closer.” It's a seriously bizarre relationship. When I was hired as a consultant by CBS for a 48 Hours expose on dark web hitmen, he actually agreed to meet me in London. But he thought that CBS was going to advertise his site as the real deal and he got excited and sent them details of two people who had hits put out on them. CBS sent them straight to the police and very shortly after two arrests were made and it was all over the news, where they called his site a scam. Yura got so pissed about it, he never turned up to our meeting. They had even hired an Academy Award-nominated master of disguise makeup artist to disguise him!
are "red rooms" actually a prevalent thing, or just a widespread misconception or rumor? I ask in part because it's very easy to see, for instance, Mexican cartels dismembering people alive, etc, just on the clearnet. Hell, a couple days ago I saw a video posted of a cartel member cutting out a dude's heart while the guy was alive, and he ATE it. He fucking ATE it. So it seems plausible... The most popular myth of all is Red Rooms, where people – usually women – are tortured to death live on camera while those who have paid to watch type in torture commands in a chat box. Think the movie Hostel, with webcams. In this sense these have never been proven to exist. I get where you are coming from with the cartels, and the recent news item where they found those shipping containers set up with torture rooms freaked me out and made me wonder!
There is some truth to this rumour, but the execution is not like you see in the movies. Most notably, because it involves children, not adults abused on demand for paying pedophiles, but not to the point of death
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The news about those shipping containers really made me speculate, since for every one person who gets caught doing something evil, there must be at least several more people who are very honed in their 'profession' doing the same evil deeds and worse, yet who evade being captured for decades. Anyway, based on morbid things I've seen, karma comes around eventually... I know, right? It really freaked me out, and then when I read that they already had intended victims for them but the police got to them first and put them in protected custody.. IMAGINE SEEING THOSE PICTURES AND KNOWING YOU WERE SUPPOSED TO BE IN THEM!! I would retire to a deserted island somewhere
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Your line of work could easily result in something like C-PTSD down the road a little ways. I have a morbid curiosity, and have seen worse than those shipping containers had to offer. I'm sure you have as well. So one more question from you, if you don't mind: what are some proactive approaches to mental health you take to safeguard your sanity? A lot of wine. Cuddle my dog
Hi, there! This has been fascinating to read; thank you so much for sharing! I'm curious: why do you think so many people who don't want to engage with disgusting and illegal content like hurtcore find it so interesting to read about? Do you have any insight into your readership and the ethics associated with reading about these kind of topics? I think morbid fascination with the dark is exceedingly common - just look at how many people can't get enough about serial killers! In some ways it is probably a self-defense mechanism - the vast majority of true-crime readers are women. People like to be armed with knowledge. We also like to be spooked and scared.
As for my books, I don't really go into much gory detail, but the horror still shines through
Out of all 9-5 jobs out there, why this? What’s your motive? I got disenchanted by being a lawyer and I had wanted to be an author since childhood. The lawyering put me in a strong enough financial position that I could quit to do a uni course for a couple of years. My plan was to become a best-selling novelist, but my first chick-lit novel was nothing special. However, during the course, I found I did really well at journalism and was soon making a living as a freelance journo before I finished the course. My first major feature was on the Silk Road drugs market, which I had discovered thanks to a friend who was using it. Once I got in there I became fascinated by everything about it and started contacting the owner, users, vendors etc asking for stories (I was upfront about who I was). I began the first serious dark web blog - allthingsvice.com - and also became the go-to freelancer for Australian dark web stories. Then I pitched my first book and got a healthy advance for it.
I like working for myself, working from home and delving into things. Right now I have my dream job (though it wouldn't hurt to pay a bit more. I'm certainly not making anywhere near what I used to make lawyering, but I make enough to get by and I live pretty simply)
Did you ever do any writing on Brian Farrell and his role in Silk Road 2.0? I was Brian's cellmate for all of 2017 at Sheridan Federal Prison and heard all of his crazy stories. Was just curious as to the validity of them all. DoctorClu! I did write briefly about him in Silk Road, but it wasn't all positive. I remember being frustrated by the shitshow that was Silk Road 2.0 in the beginning, right after SR1 shut and when DPR2 took off and Defcon got all dramatic. It settled down after a bit and lasted a year, when it was revealed THEY HAD A FUCKING UNDERCOVER HOMELAND SECURITY OFFICER ON STAFF THE WHOLE TIME. But yeah, anyhow, they are probably true. I'd love to hear them :)
Was there ever something on the dark web that made you surprised ( in a good way) and smile ? So many things. Back in the day of the original Silk Road, I became obsessed with the forums, the people behind it, the intelligent discourse about the War on Drugs and philosophy. I found it amusing that drug dealers ran sales and giveaways. There were book clubs and movie clubs.
One of the most important people from that era was Dr Fernando Cauevilla, who became a member of Silk Road as "DoctorX". He was a real doctor who provided genuine, free, non-judgmental advice about drug use to the members of the site. It was quite an amazing time.
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Did Ulbricht get taken down the way we were told in the news? What happened to all the Bitcoins? His arrest went down the way we were told in the news. How they located the server has never been disclosed (other than a fanciful explanation that NOBODY could believe). This explanation may be tested if Variety Jones runs a Fourth Amendment argument at his trial
The bitcoin in the wallet on Ross' computer was auctioned off by the Feds. He may have other bitcoin wallets stashed somewhere but nobody knows
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Book/movie clubs on the silk road? Yeah, they would set reading and then everyone would come back and discuss the book, or they would have a time when everyone watched the same movie at the same time and chatted about it in real time
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Haha that's amazing! I don't suppose you remember any of the books in question? They used to be a lot of philosophy books, especially on agorism. A Lodging of Wayfaring Men was one of the books. I remember V for Vendetta on a movie night
You don't seem to be pushing your most recent project and you're actually answering all the questions people ask, so I've got ask...are you some sort of government plant meant to destabilize reddit? This isn't how AMAs are supposed to work. You come in, you half ass a few questions, hawk whatever you're here to hawk, and then leave after 20 minutes. That's how it's done. lol I'm a genuine redditor from way back, and I love talking about the stuff I do. I did find that after I answered a question in an AskReddit thread a while back that blew up, the sales followed. But that was organic and I don't think you can force it to happen - Reddit can spot that a mile awy
What are some of the best things about the dark web? And can anyone get on it? Things you can buy that you can’t buy normally online? I really enjoy some of the forums, especially the psychonaut forums where people who like to trip on psychedelics get together and talk drugs and philosophy. There's a real "be kind to one another" vibe.
Getting on the dark web is easy, but not getting scammed when buying things takes a lot of homework. Yes, you can buy most things, but the most popular things are drugs and digital goods, i.e. things that depend on repeat custom and are easily transferable from seller to buyer
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[deleted] You're doing the Good Work my man. I'd give you one of those awards if i knew how
What would you define the word "Safe" when it come to the internet (both www and dark web) world and are there any tips that I should follow to keep myself safe? It really depends on what YOU mean by safe. Tor, which is the darknet that provides access to the dark web will keep you safe from prying eyes and surveillance.
If you mean keep your information safe, the old-fashioned advice is to never reuse your password and to enable 2-Factor authentication wherever you can. Your information is quite likely somewhere on the dark web thanks to high-profile hacks of major organizations, but provided you don't re-use usernames and passwords, you really don't have to worry too much about it.
If you mean keeping yourself and/or any kid safe from predators, the only thing is to ensure you are educated about the approaches and methods they use.
Has Covid affected the Dark Web in any real way? Also I just read through all of the post comments, what incredible story’s. I would totally buy a book about the Silk Road or Yaru! re covid on the dark web, here's some notes I made for an interview I did recently:
* when Trump first hyped hydroxychloroquine as a potential miracle cure for COVID-19, drug dealers on the dark web seized on the claim.
* Listings quickly popped up on the most popular darknet markets
* A vendor on Whitehouse Market sells 100 Pills for $90, calling it a “Miracle Drug For Coronavirus” and suggesting buyers purchase in bulk to sell at a mark-up locally.
* Another makes the dubious claim “This drug will help people to beat Corona Virus” There are 11 listings on Empire Market currently, although more than half are from the one seller, who is a well-known and trusted vendor on the site.
* There were also people claiming to be selling infected blood or plasma of recovered COVID victims
* The infected blood stuff is just bullshit IMO Just because something is listed doesn’t mean it is genuinely for sale
* There's been some claims to be selling vaccines
* At the beginning there were also loads of listings for PPE
* some just used it as a marketing tactic - “fight off the virus with edible cannabis” or “relax with Xanax” and others as an excuse to raise their prices
* However, sales are low compared to sales of other drugs on the site, so it is difficult to say whether it’s something that will really catch on
* It didn’t take long for complaints to come in and market owners to clamp down on anything claiming to be a miracle cure or vaccine
* users were discouraging other users from profiting off the pandemic and requested markets provide health and safety information
* All the major markets forbid anything being sold as a cure for COVID. They flagged keywords and vendors would be told to take any listings down. They also put out PSAs telling people not to buy
* Monopoly: threatened to ban and.. “You are about to ingest drugs from a stranger on the internet - under no circumstances should you trust any vendor that is using COVID-19 as a marketing tool to peddle already questionable goods”
* It was a business decision. They don’t want anything that will attract attention or that might cause desperate people who wouldn’t normally use the DNMs to find their way there
* The idea behind DNMs generally is educated and responsible drug use. They really don’t want people dying - bad publicity and no repeat custom
* However the dark web is rife with scammers and people willing to prey on the desperate so there are still scams out there
* The only way I could ever see it becoming a thing is if there is a well-known potential cure/vaccine that is not being made widely available and could plausibly find its way onto the black market
Hi Eileen :) My question is about how you construct your Casefile episodes - I assume there is an extensive amount of outlining but do you write the final draft like a script specifically thinking about his voice? And about how long are they as far as - for example - does one hour equal 50-60 pages? Thank you. I initially write them as if I'm writing an article or book, but then go back and edit them to be read out and yes, when I do that, I do have his voice in my head lol. One episode is usually around 12,000 words. It then goes to another editor who edits the episode to be even more "casefileaa' before it finally goes to Casey
Have you been exposed to things in your investigations that have made you second-guess what you do? If so, what has made you keep going back? i've definitely had days where I question everything, but to be honest, I don't really hang around the horrible really dark places much. I did delve into the child predator forums when I was writing The Darkest Web, but I don't make it a habit to go there. The psychonauts are much more friendly
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To continue with that- have you clicked images, links that make you a suspect in certain scenarios? Oh absolutely. Sometimes I go to a "Fresh Onion" site, which is a site that crawls all the .onion addresses (dark web URLs end in .onion rather than .com, org etc) and alerts you to any new ones. Sometimes they don't have any description, so you take a big risk clicking on any of those. The most dangerous button on the dark web is the "Random Onion" button, so I avoid that.
I'm pretty careful about what I click, but the moment something looks questionable I nope the fuck right out of there
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Have you ever felt that you may be a suspect whether it be ok a drug site, a pedo site, etc. Have you ever been contacted by someone regarding your surfing habits? Well my actual surfing habits are protected by Tor, which means they are hidden from prying eyes, so no I haven't been contacted about them. I am very open on the dark web about who I am and what I'm doing there - I use the name OzFreelancer on all of the markets and forums. I don't go to the sites that host child abuse images - you can't un-see that shit and I don't need it in my head.
As noted in another reply, I was contacted by Homeland Security on one of my visits to the US and taken for a "friendly" lunch.
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Psychonauts are more friendly than most people. Something about regular mind altering experiences makes you want to be less of a cunt. Yeah, I call The Majestic Garden a little corner of sunshine and rainbows on the dark web :)
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More about The Majestic Garden please? What is grown there? It's a place where people talk about and source psychedelics - most notably LSD, the 2C family, DMT and MDMA. Talk about and sourcing harder drugs is forbidden. In fact the admins snuck in an autocorrect so that any time someone wrote the word "cocaine" it would post as "a raging hardon" :D
Do you fear that seeing all this stuff might turn you emotionally blunt? I'm not watching any of this stuff on purpose (even the clearnet stuff), because I fear that the more you see of it, the more normal it gets, and ultimately, the more it will fuck you up. To quote the movie 8mm... "If you dance with the devil, the devil don't change. The devil changes you." No, I can't even watch "3 Guys 1 Hammer" in its entirety, let alone look at the really dark materials on the dark web. When I was researching The Darkest Web, going into the predator forums did the opposite of making me blunt. It was the shortest section of the book but took the longest to write because it was so emotionally draining
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I have to ask, what is "3 Guys 1 Hammer"? It's a video of two teenagers murdering an innocent man with a hammer that went viral on the gore sites of the regular internet. It's truly horrible.
The teens killed over 20 people. I wrote about them in my book Psycho.com (excuse the plug)
I heard somewhere that you foster dogs. Is that something you do to counter all the terrible humans you encounter in your research - everyone knows how dogs are better than people. How many dogs have you fostered and which one was your favourite? After my dog died I knew I didn't want to have another dog as I wanted to travel more. So I thought fostering dogs would be the answer as you give them love for a few weeks and then they go to their forever home. My first foster, Roy, was a big fat failure and now he lives here and sleeps in our bed and is the most spoiled dog alive
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Did you then just decide to quit travelling? I don't know anything about Roy, but I already think I love him. Nah, he has family he can stay with when I go away, but any major travelling has been thwarted by COVID for now anyway. I'm in a hard lockdown city.
And I'm sure Roy would love you too, u/suckmyhugedong
Given how much you know about the dark web, what kind of crazy awful nightmares have you had? This could be a really good one. Thank you Probably the worst thing was delving into the forums where child predators gathered. I never looked at any videos or photos, but just seeing their discussions sickened me. The one thing that keeps coming back to me came out of the sentencing hearing that I attended of Lux, owner of Hurt2theCore, considered the most heinous website in history. In court they read out a conversation between him and an abuser who made videos of torture of the mute disabled child in his care. They were joking "at least she won't be able to tell anyone" . the abuser wasn't caught, at least by that stage
As an indie author, how have you sourced freelancers? Did you seek out those that have specific expertise or did you work with editors from your time as a traditionally published author? I learned to do everything myself before I started outsourcing.
I work with a professional editor who happens to be a friend of mine from back when we did a writing course together. I've been doing my own covers, but now that I have some royalties coming in, I've engaged a professional cover artist from Reedsy to develop a brand and more professional-looking covers for me. It is the hardest thing to find people you really want to work with and who are in budget.
I still haven't got the hang of email lists, newsletters or a website - they are all in a total mess at the moment and I'd love to find someone who can do them, but again it is that problem of finding the right person who is within budget
is it true that most of the internet is in the "dark web"? if so about how much percent is it? By far the biggest myth is that it 10x larger than the Internet. I mean, this should be common sense anyway, but it gets propagated by tabloid media all the time. It stems a lot from people using the terms "deep web" and "dark web" interchangably when they are different things.
The statement that 90% (or thereabouts) of the internet is hidden is true, and it is called the deep web (not the dark web). The 90% that is hidden is all those pages you won’t get to using google or any other search engines. There’s nothing scary about that – in fact it works in your favour.
The easiest example is your bank. The bank’s major page is available to anyone who searches the web (part of the 10%, also known as the “clearweb”). But once you log in, all those pages you can access that contain your personal details? Not searchable on google. Each one of those pages is part of the 90% of the deep web. Business and government intranets also make up part of the deep web. Honestly, it’s nothing to worry about.
The dark web – the hidden services available through Tor and other anonymising programs – makes up a tiny fraction of the deep web. A really, really tiny fraction. It is infinitely smaller than the clearweb.
Do you think human trafficking happens on the dark web? Last year (I think) there was a really bizarre story here in the UK about a model who was supposedly kidnapped to order, drugged and transported overseas by a group called "Black Death". The official story is that BD doesn't exist, and the kidnapper was a fantasist. Is it likely that humans are bought and sold into slavery over the dark web? There are no slick websites with auctions for slaves on the dark web, but I have no doubt that human traffickers use dark web encryption to communicate.
(here comes the second plug for the thread) - I wrote about the kidnap of Chloe Ayling and the Black Death Group in Murder on the Dark Web
What ever happened to the plural of mongoose storyline? it seems like after he was arrested in the united states, his case just fizzled away. did you ever find out any more information about yuri after he cancelled the interview with a news program? what happened with peter scully's case? i read that there was a fire where a lot of evidence against him was held and it all went up in smoke. are there any character and/or personality storylines that you feel haven't been told or are still a complete mystery? eg. tony76 1. He is still in the MCC in NY and awaiting trial. It has taken a long time because he had terrabytes of information to go through and things would have slowed down due to covid. I understand he is running the Fouth Amendment argument that Ulbricht probably should have run in the first place
2. I last heard from Yura just a few weeks ago. He is still scamming. There are some more programs in the works about him
3. Yes there was a very convenient fire, but he still got sentenced to life and i hope he rots in hell
4. I am madly curious to know what is happening with the extradition of James Ellingson, aka “MarijuanaIsMyMuse”, aka "redandwhite", MAYBE aka Tony76. I would LOVE to know that full story!
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Wow, this shit is a blast from the past. I used to love following the darknetmarket drama. Did you write about PoM and tony76 in one of your books? Ever since reddit shut down /darknetmarket I've been out of the loop. Yes, I wrote about them in The Darkest Web
I was in touch with PoM/Mongoose when he went on a posting rampage on MyPlanetGanja, then visited him in Bangkok prison several times. Wrote all about it :)
This may have been answered by a previous post pertaining to native language barriers to specific sites on the dark web, but in your investigations, did you come across content/pages/forums from warzones? Middle East, Burma, Afghanistan, etc? If yes, what was the most memorable bit? There are loads of sites in foreign languages, but it is too difficult for me (a one-language numpty) to attempt to translate through AI, and it is not worth hiring a translator when they could just turn out to be Cat Facts
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