Can I do mining with a normal PC? - Bitcoin Stack Exchange
Can I do mining with a normal PC? - Bitcoin Stack Exchange
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How to use a render farm to mine for bitcoins - Quora
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[Serious] If you had access to a large number of Mac Pros (~100-1000) what would you do with them?
Hey guys, A little bit of a quandry here for someone I know. If you had a large number of Mac Pros accessible remotely, what would you use them for? It can be anything, an app that is being built, machine learning, open source? Give me ideas please. PS: Selling is not an option.
Monero Deep Dive: The Cryptocurrency To Use If You Want True Anonymity, Far More Anonymous Than Bitcoin
http://www.cypherpunklabs.com/monero-deep-dive-the-cryptocurrency-to-use-if-you-want-true-anonymity-far-more-anonymous-than-bitcoin/ In the early days of cryptocurrency Bitcoin was considered the best payment method for those who wished to stay anonymous. At the time this was true, since Bitcoin required no personal identification information while fiat payment methods like banks and PayPal required a full suite of personal identification information. However, all Bitcoin transactions in history are stored on a publicly accessible block explorer, and with the rise of blockchain forensics it is now possible to figure out who owns a Bitcoin address and what they have been doing with their Bitcoin. Although it is possible to increase Bitcoin’s anonymity by using Tor, VPNs, and CoinJoin, as will be discussed in future Cypherpunk Labs articles, Bitcoin can only be considered pseudo-anonymous rather than fully anonymous. Nicolas van Saberhagen recognized that Bitcoin lacked full anonymity, in addition to the fact that it is a slow and difficult process to change Bitcoin’s code. Saberhagen proposed to create a new cryptocurrency that was far more anonymous, in addition to correcting some other apparent deficiencies in Bitcoin, and wrote up these ideas in the CryptoNote White Paper. The first cryptocurrency to utilize the ideas in the CryptoNote White Paper was Bytecoin (BCN), which is a lesser known but still functional stealth cryptocurrency. Bitcointalk user thankful_for_today modified the code from Bytecoin and created BitMonero), but there was community criticism since not everything in the CryptoNote White Paper was adopted. This caused thankful_for_today to apparently abandon the project, but a group of users led by Johny Mnemonic quickly took over and renamed the cryptocurrency Monero (XMR). One of the most critical pieces of stealth technology that Monero uses is ring signatures. With Bitcoin a transaction is signed with a user’s private key and can be verified with the public key. With a ring signature a transaction is signed by your key as well as the public keys from several other outputs on the blockchain using a triangular distribution method. Essentially, each Monero transaction is signed by a group of keys, and it is not possible to distinguish which key the transaction originated from. This can be thought of as decentralized and trustless mixing, and ultimately ring signatures hide the destination and origin of a transaction. Eventually Monero upped the ante and implemented ring signature confidential transactions (RingCT), which uses multi-layered linkable spontaneous anonymous group signatures to hide the amount of a transaction. However, RingCT transactions required a large amount of data in order to ensure that the sum of inputs and outputs equaled zero, and bulletproofs were implemented to solve this problem. More about bulletproofs can be read in this paper. Essentially, bulletproofs helped reduce transaction size, lowering transaction fees on the Monero network, and also made it cheaper to create transactions with higher degrees of complexity. Another critical piece of technology that makes Monero anonymous is stealth addresses. The sender creates a random one-time address for every transaction on behalf of the recipient. This allows a recipient to have just one published address but all of their incoming transactions go to different addresses on the blockchain. Thanks to stealth addresses, only the sender and receiver can determine where a payment was sent, while an outside observer cannot figure that out. A Monero user can see incoming transactions with their view key, and anyone without the view key cannot see the incoming transactions to any particular address. This view key can be shared, so Monero can be considered optionally transparent, but the default is stealth. When a Monero user decides to spend their coins, the Monero in a stealth address is broken down into its components and combined with other equivalent components via ring signatures. For example, if 42.42 Monero is sent, then the coins are split into 40 + 2 + 0.4 + 0.02 and combined with other 40’s, 2’s, 0.4’s, and 0.02’s somewhere else in the blockchain. This renders outputs fundamentally indistinguishable, and Unlike Bitcoin’s CoinJoin, no participation from anyone else is needed since already present outputs are being mixed. Further, Monero tried to increase decentralization of its network by being incompatible with application specific integrated circuits (ASICs) via the CryptoNight protocol. This was originally accomplished by requiring a MB of internal memory, which was unacceptable to ASICs at the time. Also, Monero fit into the L3 cache of modern CPUs, while simultaneously being slower on GPUs, hindering the efficiency of GPU mining firms. That being said, it seems if a cryptocurrency is valuable enough then an ASIC is eventually created for it, and the Monero developers have been in a long term battle where they have to periodically change their mining protocol in order to prevent ASICs from overtaking the network. Monero is expected to release their new mining algorithm, RandomX, in October in order to stomp out the ASICs once again. It seems the Monero developers are succeeding in their fight against ASIC centralization, and generally Monero is the most profitable cryptocurrency to mine on a personal computer while it is not that profitable with ASICs. This is important because it allows regular joes to mine Monero on their personal computer, decentralizing the network hash rate, as opposed to Bitcoin which is practically impossible to mine on a personal computer and most of the hash rate is in the hands of big mining farms. Also, Monero uses dynamic block sizes, ensuring low transaction fees and fast confirmation times, as opposed to Bitcoin which often has a clogged mempool which can lead to long waits for confirmations and high transaction fees. Additionally, Monero technically has an infinite supply since the minimum block reward is 0.6 XMR, and this will be reached in 2040. This ensures that miners will always have an incentive to secure the network long term, even if transaction fees are kept as low as possible. Compare this to Bitcoin where block rewards will approach zero, which may wreck the mining community if transaction fees are not high enough. Thus, Monero’s ring signatures, RingCT, bulletproofs, and stealth addresses combine to obfuscate the sender, receiver, and amount of the transaction, and transactions are split into chunks that are indistinguishable from other transactions. This provides far more privacy than Bitcoin, since Bitcoin transactions are easily traced on a block explorer. It is clear that Monero is an excellent choice for those that want true anonymity when using cryptocurrency. That being said, it is important to use encrypted messaging as well when organizing a Monero transaction, since anonymity can be compromised if a message regarding a Monero transaction is intercepted.
What Can We Expect in the Halving Market? 58COIN Exchange Beauty Executive Gives the Answer
What are the effects of the third Bitcoin halving? How to view the relationship between mining pools and exchanges? Is the contract a road of no return? What is the future trend of digital currency? Q1: What does 58COIN expect from this Bitcoin halving? Xiao Bei: On the macro level, reduction in the bitcoin production shows a more stable signal to the market. May 12th is the third halving in bitcoin’s history, before it, however, the daily production plunged from 1800 to 900, a reduction of around 30,000 bitcoins in a month. The selling pressure reduced significantly, which leaves the root impact on the gradual stability of the market. The reduction not only brought us a bull market with a sustainable and long-lasting effect but greater opportunities as well. As an exchange, it should better improve itself and render stable and quality products to users. Currently, 58COIN’s mining pool ranks the top 5 in the world. After the reduction, based on the principle of survival of the fittest, the superior resources will be allocated to a larger and more stable mining farm, and the steady recovery of computing power is also anticipating. Q2: As an exchange, why does 58COIN occupy more than 10% of the overall bitcoin’s computing power? Xiao Bei: At present, our computing power share is about 7.8%, ranking among the top five in the world. Our recent goal is to have a stable computing power share of more than 10%. The mining pool provides the main non-trading BTC source for the exchange, increases the supply of BTCs on the market, and injects liquidity into the market. The top ten exchanges are expected to receive more than 70% of the bitcoin in the mining pool, so all major exchanges have begun to layout the mining pool to compete for BTC. 58COIN has reorganized the layout and started the operation of the new mining pool (58COIN& 1THash) in 2019. We have a mature operation team with more than 6 years’ experience, and hope to better link the upstream and downstream industries in the next stage. This is also an important step in the strategic development of high-quality exchanges. Q3: For an exchange, liquidity and redemption abilities are the absolute reflection of the user's sense of security. How does 58COIN ensure these two abilities that users care most? Xiao Bei: In terms of liquidity, first of all, our registered users have exceeded 3 million, which provides sufficient trading liquidity and depth. Secondly, our matching transaction service with constantly upgraded technology and algorithm ensures that each matchmaking time is in the microsecond level, and easily achieve system 10,000-level throughput performance. Concerning the redemption ability, non-trading digital assets held by the exchange serves as the foundation. The advantages of 58COIN's mining pool have accumulated abundant platform reserves for us. As of now, our risk reserve has exceeded 3.6 billion yuan. Besides, the Exchange integrates account opening, transaction matching, and liquidation, and plays an important role in the secondary market. Most exchanges lack a high-quality intelligent risk control system, a comprehensive anti-money laundering mechanism, and insufficient open and transparent information disclosure and supervision. There may be acts of forgery of trading volume, joint price manipulation with the project party, and other actions that harm the interests of investors. If the liquidity itself is not good enough, the situation mentioned above is more likely to occur. Q4: Which section does 58COIN values most? Contract Trading or Spot Transactions? What is the biggest advantage of trading contracts on 58COIN? Xiao Bei: Both spot and contract boast their own advantages, separately lie in the exchange value through hoarded coins, and flexible use of fluctuations. 58COIN as the main contract exchange, contract trading is definitely our focus. In terms of spot, it is mainly based on mainstream currencies. Compared with spot trading, the two-direction trading mechanism is more flexible. Also, leverage can increase the utilization rate of funds and amplify the profit, which is suitable for users with fewer funds to trade. The biggest advantage of contract transactions, in addition to the just mentioned abundant platform reserves, complete risk control and huge user base, there are several points related to the user's vital interests:
The lowest fee in the industry. For example, the handling fee of the perpetual contract is: “Taker 0.03%, Maker 0.015%”;
The fixed maintenance margin of 0.5%;
No funding fees. We have made every effort to reduce the principal consumption in each exchange, thus greatly lower the risk of liquidation;
The platform insurance funds bear the full debt loss, and users do not have to worry about apportioning any risks.
In addition, the contract can also maintain the value of the existing mainstream spot of the user to minimize the risk of depreciation caused by spot fluctuations. It is worth mentioning that in terms of wallet, we implement multi-level and multi-dimensional security risk control strategies such as hot and cold wallet isolation, multi-signature authorization, and regularly change of hot wallet addresses. Meanwhile, a manual verification process was added to ensure the safety of the assets. Since its establishment, there has never been any wallet accident, wallet stolen, or the loss of coin incidents. Q5: In the contract transaction, what advice does 58COIN give to novice users? Xiao Bei: Firstly, please remind that contract is not a devil, it is just a tool. What we should do is to make good use of the tool to make profits. Secondly, the purpose of the investment is to withdraw, and suggestions are shown below: 1. Invest with the spare funds at hand; 2. In the spot transaction, hoard coins in the bear market and exchange in the bull market, do not follow the trend of buying in the bull market; 3. In the contract, set up operation points and positions, and perform secondary operations according to market conditions. (Do not be greedy) 4. Make a risk response plan during the investment process, such as a sufficient margin, value preservation plan, etc. Finally, we must keep in mind: when doing spot transactions, choose assets with good liquidity in a way to get away from manipulation projects, risky exchanges, etc. 58COIN provides detailed descriptions for each business line, novice users should read them carefully before using. Besides, each contract trading page is designed with a calculator to help provide trading references to users before investment. Q6: What are the new plans of 58COIN? Xiao Bei: First of all, we will remain a sophisticated attitude in technology, risk control, and product experience, offering a stronger guarantee for users' transactions; second, we will further improve the ecological layout of 58COIN, from increasing investment in mining pools, gradually optimizing the hot and cold wallet system, enabling entities, focusing on community construction, etc., with better technical upgrades and preparations, to ensure that the entire 58COIN ecology can better link the upstream and downstream industries, providing our users with a more stable ecological background; We will launch some online activities in the near future, covering basic knowledge, candlestick chart learning, and industry analysis. We look forward to making joint efforts with our users in learning and making progress. Q7: What does 58COIN want to say about the future cryptocurrency market? Xiao Bei: The real big bonus in the cryptocurrency market has not yet been released, and Bitcoin has more imagination space than gold in the future. The cryptocurrency market is stepping toward a diversified, professional, and tangible direction, requiring more high-quality industries participation and landing. Though it is currently the fastest-growing field, financial attributes should not be the only factor entitled to cryptocurrencies, the future market should be more integrated and serve the real economy, such as the Internet of Things, financial systems, and personal privacy. For more details, please log in to www.58ex.com or download our app: https://wap.58ex.com/?locale=en. Website: https://www.58ex.com/ Twitter: https://twitter.com/58_coin Facebook: https://www.facebook.com/coin.58COIN Telegram: https://t.me/official58 Medium: https://medium.com/@58coin_blog/
Ethereum. Before I explain why, I need you to understand something. Bitcoin and Ethereum are at two completely different stages within their potential. They also do not share the exact same mission; therefore, you do have to understand their differences to form an opinion about which one has the biggest use. Before we look at the coins in detail, let's start with the potential ROI (100% = 2x Original Investment). Bitcoin’s current market cap is $193,165,354,468 in order for you to make 100% this number would need to double to just under $400 Billion. Ethereum’s current market cap is $44,715,990,083 , roughly 1/5th of Bitcoins. In order for you to make 100%, the price would need to increase to just under $90 Billion. - This is obviously more probable. This will not serve as the only variable in making a decision, we now need to break down their uses and differences. Bitcoin What is Bitcoin? A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without the burdens of going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. As long as honest nodes control the most CPU power on the network, they can generate the longest chain and outpace any attackers. The network itself requires minimal structure. Messages are broadcasted on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone. Peer-to-Peer (P2P): is a technical way of saying computers (peers) that are connected together via the internet. Timestamps: are a sequence of characters that identify exactly when a certain event occurred, giving the exact time and date. Hashing: is the process of compacting large quantities of data into smaller fixed sizes. Proof-of-work: is the verification that the individual peer created the said hash Nodes: are computers that are connected to the blockchain Bitcoin is a first generation cryptocurrency, that was created in 2009 with the intention to become the currency of the internet. Its Applications Safe Haven Being that billions of people are under the control of a broke economy or volatile dictatorship, Bitcoin is beginning to become a medium in which people within underdeveloped countries feel as a more secure place to store their value. Remittances The current operation costs roughly $600B annually, all at the expense of separated families. Bitcoin can now serve as a tool that operates the exact same way and only costs 1/10th of the price. A transaction on the Bitcoin network also processes faster therefore giving the people a strong reason to make the switch. Currency Bitcoin is recognized as an asset, but can also be identified as an efficient currency in which people can buy and exchange with. With this being an application of Bitcoin, as the market continues to decrease in volatility, the use for Bitcoin will increase within businesses and everyday people that transact on a daily basis. These are just a few, but for the sake of answer length, let’s move onto some of the scalability issues with Bitcoin that hinder my decision of choosing Bitcoin over Ethereum. Bothering Issues with Bitcoin Energy A study from Digiconomist found that each transaction on the Bitcoin blockchain uses 236 KWh worth of electricity, this amount is enough to power 8 U.S households for an entire day. Scalability Energy consumption will hinder the scalability issues of Bitcoin, however the other issue that arises with POW mining is that with the increase in cost associated with mining BTC it is less economical to mine Bitcoin. This would limit the distributed nodes (miners) globally and allow a larger percentage of control to the dominant mining pools / farms. This would lead to a more centralized blockchain, where they can change the rules of BTC as they please. The supply of Bitcoin is finite, capped at 21 million. Eventually (currently predicted for 2140) Bitcoin's supply will run out. Once this happens, miners will no longer receive rewards for completing blocks but instead will be given fees. The fees will be drastically high in relative terms, and people will stop using the blockchain. Also, if miners decide that this is uneconomical for them to process the transactions and use their computing power elsewhere the speed of transactions for Bitcoin will drastically slow down, rendering one of the fundamental values of a Bitcoin (speed) useless. Blue chip Companies This is more so for all cryptocurrencies, but Bitcoin in particular. It’s not a matter of if but a matter of when a blue-chip company such as Facebook, Amazon or Google decides to implement their own cryptocurrency. Another possibility is a potential ‘world coin’ which global governments will all agree on using, this may seem unrealistic but it is definitely not impossible and many benefits would arise from having such a currency. Quantum Computing Bitcoin is said to be Quantum resistant, on the whitepaper it mentions that: ‘To compensate for increasing hardware speed and varying interest in running nodes over time, the proof-of-work difficulty is determined by a moving average targeting an average number of blocks per hour. If they're generated too fast, the difficulty increases.’ This may seem quantum resistant but it is important to understand that the difficulty is changed every 10 minutes and this is more than enough time for QC to mine all of Bitcoin’s remaining coins. Bitcoin Bubble The last point of this section is to recognize that the Bitcoin bubble could pop loud enough to crash the market. Due to a whole lot of hype, and even more speculative and uneducated buyers, Bitcoin could face a peak in which a simple spark Ethereum What is Ethereum? Ethereum is an open source platform with the mission to build and inspire next-generation decentralized applications. In other words, the applications being built on the Ethereum network would have no middle men. Users are able to interact safely with social and financial systems to transact peer to peer, therefore opening a new realm of opportunity within decentralized development on specifically the exchange of value. Like the Bitcoin network exchanges Bitcoin, applications within the Ethereum network would exchange ETHER. Therefore, making the Ethereum network have its own digital currency or, cryptocurrency that these decentralized applications would run on. On the Ethereum network, developers are able to build these decentralized applications simply, within this seemingly complicated new technology. Think of it as Shopify or Volusion, these are centralized networks in which users/developers can build e-commerce stores more efficiently and cost effectively. Ethereum is similar in this aspect, the network was essentially created to assist and fuel the growth of decentralized blockchain applications within its network. Smart Contracts Now, what Ethereum is based on, is a thing called “Smart Contracts” Developers are extremely excited about this tool, a smart contract is similar to how it sounds, it’s a digital contract that self-executes… Think of it as a virtual vending machine. A smart contract is a digital contract between two people in which the technology or tool handles the management, performance, enforcement and payment of the agreement. The smart contract has its own digital bank account of ETHER and settles once the product is received or the service is completed therefore greatly improving the efficiency of data tracking, payment processing and user friendliness of each decentralized application. Let’s dive into an example Music The first age of the internet brought quite a bit of disruption to the music industry… Idk if you knew, but if you we’re a songwriter 25 years ago and produced a hit song that got a million singles you would acquire royalties of up to $50,000. Now if you were to produce a hit song that gets a million streams you don’t get $50,000, you get $45… Enough to cover the first round at the bar. In result, musicians are now finding other ways to produce revenue with their music. One being the utilization of a blockchain ecosystem like Ethereum. Music applications are now being built for musicians to reclaim their content, smart contracts are being implemented into the music itself, therefore the music protects the intellectual property rights of the artist. You want to listen to the song? It’s free… or maybe a few micro pennies to download. You want to put the song in your video or movie? Make it your ringtone? These each cost a different price and presented at the point of purchase would be its underlying IP rights for the use of that piece of music. Musicians are absolutely hyped about this because now, the song becomes a business. It’s out there on this platform marketing itself, protecting the rights of the author and because the song has a payment system; in the sense of a bank account, all of the money then flows back to the artist, and they control the industry rather than these powerful intermediaries. This concept could apply not only to just songwriters but any creator of content, from art, to inventions, to scientific discoveries or the work from independent journalists. There are endless industries in which people do not gain fair compensation in which the underlying technology of Ethereum could benefit in a big way. Other examples: · A smart contract can be created to pay a worker for every hour they work, they log their hours on the blockchain and then after verification the funds are instantly transferred to them · Buying goods internationally can be tracked and verified – reducing fraud. · Property buying can be facilitated through the contract · Every industry that has a contract in place will be able to use the blockchain of Ethereum It is also worth noting that Ethereum is also a lot quicker than Bitcoin, average block time being 15 seconds for Ethereum opposed to 10 minutes for Bitcoin. Personally, I am invested into both. If I HAD to choose, like I said it would be Ethereum simply because of where it is now in comparison to its potential as well as its very transparent, direct, opportunistic mission towards the hosting of decentralized blockchain applications.
I recently started mining with several GPUs. I'm considering all of this as a long term investment since the computer parts have a verifiable aftermarket value vs. explicitly purchasing coins which are unproven in the long run (besides Bitcoin). But what else are all these GPUs good for now and in the next few years? I've heard about complex machine learning and other futuristic sounding solutions but I'm interested in using these for another profit generating endeavor. Render farms? Powerful workstation computers? Small scale server? After the mining craze, could these GPUs be repurposed for another business?
The easiest way to earn crypto currencies is With the azultec Cube, you can generate crypto currencies by joining our cloud computing network, by being part of our decentralized cloud storage solution and through mining. The best part: the Cube uses renewable energy and recuperates the generated heat – making the Cube environmental-friendly! Earn crypto currencies, while you sleep The azultec Cube is a new state-of-the-art environmental-friendly and highly efficient solution to earn crypto currencies. By using one of our Cubes, you can generate crypto currencies by joining our cloud computing network, by being part of our decentralized cloud storage solution and through mining. For all of our cubes you have the option to use renewable energy and recuperate up to 72% of the generated heat. Missed Bitcoin? Don’t miss the azultec ICO Many Initial Coin Offerings (ICO) in the past allowed early investors to profit largely from their investment. Bitcoin investors for example could get up to 1,400% out of their initial investment, Stellar Investors up to 14,400%, NEM investors up to 29,800% and Ripple up to 36,000% – All in 2017 Be prepared for the azultec ICO Starting 5th March 2019 Register for ICO How the tokens are split The total demand for the Azul tokens will be calculated after the ICO. The sold tokens together make up 60% of the total tokens. These will be transferred to the ICO participants. Subsequently, 40% of tokens will be calculated and generated for azultec. In this way, we can guarantee a smooth 60:40 distribution. Distribution of the 40% company token: 65% will be used as reserves, of which 50% will be locked for 6 months, and the remaining 50% locked for 12 months. 10% will be used for business negotiations. 10% will be given to partners. 15% to the founders. These tokens will be locked for 12 months. I wish to share with my readers on this platform and beyond the easiest way through which crypticurrencies can be earned, it's through non other means but with the intervention of the Azultec digital platform. What is the Azultec platform about? Azultec has been working to become the biggest CGI rendering farm. In order to get the biggest market share azultec is using two approaches, with the already available azultec Cube product line, users can earn crypto currencies with CGI rendering at home and connect to the azultec CGI rendering cloud. With the azultec Cube you can generate crypto currencies through cloud computing. The best part; * The Cube uses renewable energy and * Recuperates the generated heat making the Cube environmental friendly. At the same time, azultec will build their own high-security CGI rendering farms in strategic locations. The founding team of azultec has the combined experience of three successful high-tech enterprises. Together the team have more than 100 years of experience in the high-tech industry with excellent expertise in finance, taxes and of course marketing. The azultec ICO is managed from our German company with a then existing product made in Germany. We have a fully crowded road-map with exciting updates granting frequent word of mouth. The team made participating as easy as possible as the Dashboard guarantees a hassle-free registration and you can even participate using US Dollar or Euro. How the tokens are split. The total demand for the Azul tokens will be calculated after the ICO. The sold tokens together make up 60% of the total tokens. These will be transferred to the ICO participants. Subsequently, 40% of tokens will be calculated and generated for azultec. In this way, the team can guarantee a smooth 60:40 distribution. However, The founding team of azultec has the combined experience of three successful high tech enterprises. Aquatuning is the biggest warehouse and distributor for DIY PC liquid cooling worldwide. Alphacool is a water-cooling manufacturer with clients in the IT, automotive and enterprise business. technikPR is the most technical PR agency with some of the worlds top Fortune 500 technology companies as clients. But the founding team of azultec is not alone. It is assisted by several consultants from various sectors, who have their own expertise and who complement and expand the azultec team. To produce products like the Cube, azultec has long-term contracts with experienced manufacturers and partners. In conclusion, the developer's team which was full of digital enthusiasts with great experience on their various field of professionalism. It will be a great call to he part of this great digital development. To find more relevant details please follow several sources for the following references: WEBSITE: https://azultec.de/ WHITEPAPER: https://azultec.de/wp-content/uploads/EN_azultec-White-Paper.pdf FACEBOOK: https://www.facebook.com/AzultecICO TWITTER: https://twitter.com/azultecico TELEGRAM: https://t.me/azultecico AUTHOR: BITCOINTALK ID Name: 881akshatan88 WALLET ADDRESS (ETH): 0x35481EFc117a382A4438CbdcA1685cC7459C5227
Doge - an unbiased economical examination of the future and what can be done to enhance growth.
Hey there! i've been doing lots of wild thought queries on the future of Doge. Some were wild, some were close to the mark, but all had some close relevance that i think is worth examining. so i'll be putting all this together to give a decent financial examination.
What is the future of Doge?
In the near future, Doge will hit the 100,000 block (I like to call this the Dogevent - the point at which Doge can either make it or break it). after hitting this block, all further blocks will be harder to mine to limit the payout and reduce inflation of an already highly inflated currency. What does this mean? This means Doge will become increasingly more difficult to naturally obtain - Supply becomes Reduced due to low-end miners bailing. this naturally increases value, because the market becomes a primarily trade-based economy, rather than a generation-based economy. In addition, when supply reduces enough, vendors will have more reason to accept Doge - people cannot simply "make" money as they can now. On the flip side, Doge will lose its "playful, easy to access" nature as it progresses, leaving a new niche for a similar altcoin to grab. At this point, Doge needs to be established or risks crashing hard and permanently due to the high bail rate of all the ease-of-access users it accumulated prior to the Dogevent.
Will Doge Survive to see the Dogevent?
Debatable. I know it sounds grinchy, but many new curiosities rocket up post-inception. It's not uncommon to get the "To the moon!" fever, when in reality, it's simply curiosity driving numbers. and much like the cat, curiosity often dies. Right now you can see that after a bubble and a long plateau, Doge is slowly declining steadily due to a mix of little vendor use, large inflation, and heists merely a month after its start. It's kind of clear the whole "To the Moon" thing was merely people checking out what Doge was doing on a coin, and then realizing it wasn't for them. However, Doge has a couple things going for it. it is notorious, which is good. Notoriety breeds constant use. it has so much publicity it's on the news. People Know about Doge. it's easy to access, so it has a rapidly growing userbase that tends to retain pretty well. and lastly, slumps happen to pretty much every cryptocurrency. it's not unexpected for people to bail when they realize they run their computers all night to get roughly 50 cents. But with a booming trade network and a cap in place in the near future, Doge is guaranteed to increase in price, which will drive more use and retention.
What about Doge/USD independence?
Doge is a Bitcoin dependency, meaning that if Bitcoin crashed this very minute, Doge, along with most other altcoins, would crash simultaneously. Doge can gain some sort of independence from Bitcoin, but it requires a massive raise in value. at this point, Doge is expected to yield a $0.01 value at the Dogevent. as a rough estimate, 1 mBTC currently equals $0.75. so no; it's too long a shot for Doge to be registering on the level of Bitcoin by the Dogevent, but supposing the Doge survives the Dogevent Bail, then it can can be one of the few cryptocurrencies that registers on a flat Coin/USD exchange rate (1 Doge = 1 penny). That would be its first step to True independence; not really too close, but pleasantly affiliated. In addition, Survival of the Dogevent Bail means value increase is guaranteed at a rapid rate, as each successive block mined pushes more miners out of the system. This creates a self-reinforcing system where the supply diminishes further until the best of the best (serverbanks and dedicated farms acting as Doge mints) are the only ones competing for generated economy, leaving the rest to trade economy.
Can Doge survive a Bitcoin Crash?
Probably not. Doge is solely dependent currently on Bitcoin. A crash of Bitcoin at any point before the Dogevent will spell the end for Doge and every alt currency out there. Past the Dogevent Bail, however, if Doge is still thriving and gaining a heavy amount of independent weight (evolving out of an altcoin into a maincoin), then a crash could either be good (very slim chance) or bad (very huge chance). Good: Bitcoin crashes. some people will definitely cash out and leave the cryptocurrency scene, however many might remain and switch to other main coins. provided Doge is still healthy, there is a good chance many of the switchers relocate to Doge. A) it is young, so it has a healthy lifespan. B) it has hit its cap, so inflation phase is already over. C) it has an relevancy to the USD. The entire market will start to collapse due to the crash and relocation of Bitcoin, but with healthy spending and trading Doge and the remaining maincoins can revive it since. More users of Doge means even higher relevancy - increasing value. Bad: Bitcoin crashes, and most people choose to cash out instead of stick with cryptocurrencies. the loss of the single largest maincoin and all of its users would send ripples throughout the entire market, causing prices to plummet. Doge and the other maincoins cannot revive the market in this scenario because a majority of the cryptomarket simply left, whereas in the last scenario, the merged. Think of the Bitcoin as the USD and Doge as...Canadian money? say the USD failed right now. the world would falter and fall flat on its ass, but what would Americans do? Many would surely buy their weight in gold and bounce, but it's not out of the question that many may exchange for Canadian currency and start anew in the Canadian economy. in this scenario, the Rapid increase in value of the Canadian currency could be enough to help the world economy stabilize (since it takes up a huge portion of American economical ties), but only if every major economy pitched in.
So how does Doge bump up rates to healthy levels before the Dogevent?
Increase Output Branches: get vendors to accept it. this raises demand, since people WANT IT; it has value beyond tipping at this point. demand raises value. Hoard and Destroy: eliminate inflation by decreasing stock, rendering remaining coins more valuable to make up for the destroyed stock. Crash Alternative Markets: destroy competitive markets without screwing up the mother market, flooding your market with more users. more users means less Doge for everyone, less Doge for all means higher per capita value. those are your three ways to immediately, right now, raise value of Doge. option 1 is the healthiest, but it requires a speculative market. option 2 is the most surefire way to get it done in a snap, but it destroys the optimistic community based around the Doge. option 3 is, well, sabotage, cruel, and damn hard to pull off without touching the mother market. All have their drawbacks but if you're looking to increase the value of Doge right here, right now; one of these three things needs to be done.
I warned everyone back in October of 2013 and in August 2013, that they were probably tremendously underestimating the potential of Bitcoin. Come January 2017 and we see that Bitcoin has surged in value around 10-fold compared to then, so I want to talk to you about this subject again. If you stuck all your savings in Bitcoin back then, you could today walk up to your boss, shit on his desk, walk out of his cubicle, leave the city and settle somewhere in a remote forest and work on raising children and separating yourself from industrial civilization altogether. How would it feel, to never have to help old people with their computer problems again, to never type down another line of computer code, to raise your middle finger to the entire mediocrity that humans have constructed? If you were genuinely intelligent and had a healthy realistic mentality, you would have been able to do so, because you would have stuck all your savings in Bitcoin by virtue of your ability to recognize it's inherent potential to radically change our society. The writing was on the wall and we all failed to take it seriously. I benefited greatly from Bitcoin as I stuck my savings in Bitcoin around march 2013, what prohibited me from using Bitcoin to buy a genuine escape ticket from the modern world was my own naivety. I blame college for the fact that I have no escape ticket and do not get to live like a genuine savage yet. Why is that? Well to start with, college gives naive working class people the idea that their children have a reliable chance ahead of them to become able to take care of themselves, simply through obedience and discipline. If you spend the first 18 years ensuring that your child jumps through all the hoops, by writing down the right Latin word for head, memorizing the capital city of Croatia and using the cosine correctly, your child gets to go to a good college and your work is done, the kid is set for life. In reality, you just succeed at sending your child down to the next layer of hell, which is college, a kind of school where the teacher has so many students that he doesn't bother trying to force you to do your busywork. College is then followed by the next layer of hell, the internship, which might at some point lead to an actual job that your child will desperately have to cling onto for the next forty years as automation and economic ruin begin to affect our society. An insensitive comment on Facebook about a minority demographic, a hand that slips onto the new intern's thigh as you squeeze past her near the coffee machine because your wife has claimed to have a headache for three nights in a row, a party that leads you to show up half an hour late in the morning, or a lovely walk through the forest during which you turn your cell phone off and don't answer any emails, anything could be sufficient to kick off a chain of events that leads you to clean up your desk and find yourself forced to beg and plead to new people to do petty office labor that makes you want to send a bullet through your skull and turns your life into an insult to everything we could experience as human beings. When you genuinely understand this, you take opportunities to become rich seriously. When you're 20 years old, you take them half-serious. I should have bought Bitcoin in 2011, when I first heard of it, but I didn't. I didn't, because in my naivety as a college student, I did not genuinely consider the importance of money in one's life. The Dutch government volunteers to serve as an ATM machine for permanently drunk twenty-something year olds, so young people fail to recognize the important role that money plays in deciding whether we can do what we want ourselves, or whether we have to spend 40 hours a week telling people to try turning it off and on again. As a result, I now have a nice little nest-egg, but I don't have a one way ticket to Gaia's paradise, from where the trees, the deer and me point and laugh as the rest of you struggle hard to improve your quarterly figures, call old ladies to convince them to switch to a different Telecom provider, turn in your paper before the deadline and serve each others tables. One reason to be somewhat excited about Bitcoin rather than completely frightened by it, is the fact that Bitcoin is producing intelligent rich people, who don't share the ethos of today's intelligent rich people. Whereas the lottery produces dumb rich people and capitalism produces smart rich people with an ethos that values hard work and the transformation of the natural environment, Bitcoin produces an aristocracy of cynical misanthropes who perceive our civilization as dysfunctional. We're not completely alone in this sense, as Ted Turner has figured out a big piece of the puzzle too. The fact that there are seven billion humans is insanity, ideally we would reduce that figure to a few hundred million and deindustrialize our society, leaving the remaining humans to survive as fishermen and self-sufficient farmers. The reason I could anticipate that Bitcoin would be revolutionary, is because I am a student of technology. Back when I bought Bitcoin, I spent a lot of time reading literature by men like Jacques Ellul, critics of technology who sought to write about technology from a detached perspective, to analyze it as the tremendous transforming force that it really is. One important conclusion to draw from this is that it ultimately doesn't matter what we as humans want, or how we feel about a new development in society. We can hate Bitcoin, or cars, or nuclear weapons, or iron swords, we can even hate the people who invent them, we can fear the consequences that these new technologies will have and recognize them as profoundly reprehensible, but none of that will be sufficient to prohibit the widespread introduction of a new technology. If a technology can serve a particular niche, then it will find adaptation. My girlfriend at the time thought that Bitcoin are the equivalent of tulip mania. I didn't care, because I could recognize that Bitcoin had found its niche. People were buying drugs, hacked credit cards and other material in dark corners of the Internet, where their ability to anonymously transfer a currency whose production is inherently limited ensured that they could engage in economic activities that previously carried enormous risks. These applications for Bitcoin might be unethical, but whether a technology's uses are ethical or unethical is utterly irrelevant when it comes to determining whether the technology will witness widespread adaptation or not. The successful use of Bitcoin in the dark web trade of drugs was undeniable, but what people fail to recognize is that this is just the visible tip of the proverbial iceberg. If I want to take someone hostage, or intimidate them into handing me their wealth, how do you think I would be caught? The answer to this question is that I would be caught when I try to collect the payment. When I pick up the suitcase full of money, the bushes behind me rattle, a voice declares "drop your weapon, raise your hands" and I spend the next twenty years of my life in prison. Bitcoin has made collecting the payment for such illegal activities the easiest part of the puzzle. There is thus now a big new niche of criminal activities that has been enabled solely through the invention of Bitcoin. People are using Bitcoin to send bomb threats to supermarkets, to blackmail cheating husbands, to trade drugs and a variety of other illegal activities. Perhaps most important however, is the fact that Bitcoin allows people to store wealth in a form that the government can't reach. Imagine the drug dealer or cannabis grower who has managed to build up a fortune for himself and his family. At some point, the government intervenes, makes a list of the man's possessions and begins to seize his houses, cars, gold, jewelry and other valuables. His children and his wife are now destitute and have a stigma that prohibits them from finding gainful employment. Or are they? His wife remembers the warning she was given by her husband, that if everything were to blow up in his face he had ensured that they could survive without him. "You don't have to worry honey as everything is going to be alright and I will be free in thirteen years". That's not just a message of comfort, it's the key to a brainwallet, a wallet where her husband had placed 1000 Bitcoin. At the time he bought them they cost 100,000 dollar, but by the time he was arrested, their value had increased to 1.2 million. A reasonably comfortable existence now lies ahead of them. If this seems strange to you, consider this: If you earn at least 55.992 euro a year, you pay a 52% tax above all the income above said amount. If you're a big-shot in the cubicle world, a freelance consultant or whatever you people call yourselves, at what point do you and your employer decide to make a deal and cap your income at a certain level and pay the rest of your income in Bitcoin? This is what's important to understand: Thanks to Bitcoin, most of the rules by which the game of capitalism used to be played no longer apply. Crime didn't pay, because you had no means to collect the payment. Today, banks have a reserve of Bitcoin that they use to pay people who threaten to DDOS them. If the government felt you had an unfair advantage, the government could once seize your assets. Today they can't. The way in which our economic system functions has fundamentally changed. With it, the incentives that once encouraged economic growth and hard work now appear to be diminishing too. And, most importantly: There's nothing you can do about it. The technologies that once centralized power in the hands of government, are now rendered obsolete by technologies that decentralize power into the hands of individuals. Man does not control technology. Technology controls man. Another thing to understand is that Bitcoin is profoundly destructive, by virtue of its ability to let people earn money simply through control of electricity. If I once had electricity for free, I'd need to come up with something that benefits the capitalist system as a whole, something that consumers want. Today, free electricity is enough. I can mine Bitcoin with it and earn money doing so. This drives away electricity from genuinely useful economic activity, towards a zero-sum game that gives us access to our own share of new Bitcoin. Imagine if people could earn money, simply by leaving the ground fallow. People wouldn't grow crops. What do you think they would do if they can use electricity to earn money without producing anything of value? Bitcoin allows them to do this. Bitcoin creates an economic opportunity for people who can get away with stealing the lifeblood of our economy, electricity. It's already happening. This is what I figured out back in 2013 and it's what allowed me to earn a lot of money without doing anything. I couldn't care less if people thing it's strange, bound to fail, risky, for basement-dwelling nerds, or worthless. If you understand the fundamental nature of technology, then you understand that this technology is both profoundly dangerous and profoundly powerful. There is every reason to believe that it will rise further in value and that it will cause irreversible damage to the global economy. Governments and central banks are rightly frightened by cryptocurrency and seek to restrain its use, but they have no genuine means by which to prohibit this development. Like automation, cryptocurrency will wreck our way of life in ways that we still struggle to understand and anticipate. I think that we are still currently in a position where people who purchase Bitcoin can earn a significant profit. There are multiple reasons for this. To start with, an estimated 30% of Bitcoin are dead, no longer controlled by anyone. More importantly however, the distribution of Bitcoin is extremely unequal. A small number of people own most of the coins, which creates a situation of unequal distribution. This is also what leads to its pump and dump pattern of growth, as every tremendous rise in value is accompanied by early adapters stepping out and becoming modern day aristocrats. When I'm starving and knock on the door of a farmer's house and seek to buy food from him, I'm not worried by the one man who sold his wife's diamond ring to him, I'm worried by the ten other men who sold their golden ring to him. My point being: After a certain level of wealth, a person's extreme wealth merely serves to make the rest of us more equal to each other, whereas a big group of somewhat wealthy people have the effect of oppressing those of us without wealth. I see roughly two scenarios as plausible, one in which Bitcoin preserves its current niche use indefinitely, the other one in which it destabilizes and ultimately replaces the conventional financial system. How could the latter outcome come about? To start with, Bitcoin has the potential to take away vast amounts of government revenue, by taking away its ability to control the financial system. If I buy products online with Bitcoin, the government doesn't have to find out about our transactions, so there is no real reason to pay VAT for the merchant who sells me a product. Similarly, we can exchange labor and avoid inheritance and income taxes. As a result of these trends, the government loses its main source of income, the taxes it places upon people's labor. When the government loses its ability to use people's labor and its control over financial transactions to pay off its debt, society loses faith in the ability of governments to pay their debts. When this happens, the value of conventional financial assets begins to decline. Most people's wealth today is not locked up in land or physical assets that you can touch, but in the form of various financial products held by a variety of financial institutions. When governments become unable to pay back their debts, these financial products begin to collapse like a house of cards, something that nearly happened back in 2008. When these products lose their value, governments will look towards land and property ownership as their new source of revenue, which will thereby reduce the prices of land and other property. The consequence we can draw from this is that Bitcoin has the potential, by virtue of its secrecy, to rise in value, far beyond even the value placed on physical gold. I believe that there is a strong potential for this to happen. The industrial revolution was a revolution that eradicated an old feudal order and placed power and control over wealth in the hands of the bourgeoisie. The emergence of a decentralized digital ledger now has the potential to cause a new transition of power, into the hands of those who comprehend and participate in this new financial ecosystem. The fact that most coins are in the hands of drug dealers and hackers does nothing to prevent this outcome, just as the fact that Mark Zuckerberg is a notorious asshole who used Facebook to dig up private information about people did nothing to prevent the rise of Facebook. In the coming years we will find out whether I am right in my prediction that Bitcoin is a technology that tips the conventional economic system into a state of collapse and ushers in a cyberpunk era in which the world is governed by a small group of largely anonymous individuals who control the world's currency supply.
Rather than funding a Darwinian triathlon that leaves thousands of people dead every year, in which those young men who are best capable of jumping fences, swimming through rivers and crossing deserts are given a ticket to paradise, we declare today that no more refugees will be given entrance into Europe. Instead, every Euro that is currently spent on providing shelter and care for refugees in Europe, will be used for refugees in their country of origin. With a guarantee that there is not a snowball's chance in hell of being granted asylum in Europe, the refugee stream to our continent will plummet. This will allow those NGO's who currently spend their money transporting people from Libya to Italy, to spend their scarce resources on helping refugees where they actually live. The cost of providing for one refugee in the Netherlands is 20 to 40 times higher than providing for the same refugee in his country of origin. The moment we change our policy towards refugees, towards one based on rational sanity, is the moment we can start taking care of twenty to forty times as many of them. This will be necessary in the years ahead, as climate change, soil erosion and overpopulation will create a refugee crisis the likes of which humanity has never seen before. How about highly skilled refugees? You might ask. The thing is, those refugees will be the people who will be needed to rebuild the countries they fled from. If they live here, they can't help rebuild the communities that were destroyed.
Europe is faced with a demographic crisis, as our fertility rates are very low. There are many different solutions to this, but one solution I have not heard before is as following: Let the height of our child benefits payments depend on the average age of the population of a municipality. The government should be paying people in rural communities to have children. Many of these communities have conservative Christians, who would be quite willing to have more children if they could afford to raise them. What we don't want, are child benefit payments going to overpopulated cities. What we need is for people to migrate from cities to our dying villages and for people living in those villages to have more children. Our cities are home to our underclass, people who are unable to make something out of their life, often due to hereditary problems. Schizophrenia is twice as common in the cities for example. The people who live in cities tend to be descended from the rural peasants who were unable to make a living in the countryside. This is unfortunate, but it is the reality we have to deal with. What we want is for children to be born in the best possible conditions to guarantee a happy life. This is a conclusion I have reached, by virtue of the fact that I was born into the urban underclass myself. I want children to be born with more opportunities than I had. This tends to be very difficult to understand if you're born into a wealthy or middle class family.
We don't just have to implement repatriation subsidies for migrants who live in Europe. In fact, we should implement broader emigration subsidies. We have more young men than young women, while Russia, Ukraine and the Baltic states have more young women than young men. The fertility rates of Europe as well as Russia would go up if we sent men to Russia. Ideally, Russian would be a language that's taught in high school here. We also have millions of citizens in our continent, who yearn for more diversity and feel disgusted by the sight of a homogeneous European community. Europe to them is a racist monolithic continent and they worry greatly about the plight of Africans. What better way to help them achieve their dreams, than by paying them to migrate to Africa, a continent full of multicultural countries, where everyone speaks a different language and has unique customs? Everyone benefits from this. Africa desperately needs skilled people, while Southern Europe is full of young unemployed people. A gender studies, sociology or cultural anthropology degree is useless here in Europe. I'm sure it can be quite useful in Africa however.
When it comes to income, women want to marry up, men want to marry down. If women can't find a man to marry with higher status than themselves, many simply refuse to marry and never reproduce. This is a big problem, because young women right now tend to earn more money than young men. There's a reason for this: Discrimination. White working class boys are least likely to go to university. These boys are not all stupid, but the culture they live in makes it difficult for them to succeed in life. In fact, the kind of long-term investment that college represents, is one that these boys who grew up in unpredictable insecure circumstances do not find appealing. In addition, white working class boys are not very interested in listening to long tirades about how they are guilty of everyone else's long history of suffering. The problem we need to understand, is that education is now not used by employers as a requirement because the skills taught are relevant. No, educational requirements are used by employers to filter out dumb and unreliable people. The effect this has is to favor women over men, giving women an unfair advantage on the labor market. Neither women nor men benefit from women having an unfair advantage on the labor market. Besides the fact that a woman might not be better suited to the particular job she got by virtue of her college degree, women don't benefit from living in a society where there are no men whose salary can deliver them a similar standard of living as their own. If we were to make it illegal to discriminate against the uneducated, we take away the unfair advantage women have over men. Certainly, we don't want uneducated people to become doctors, nuclear power plant operators or air pilots, but we really don't need people with four year college degrees to carry out mid-level office work for us. Another good measure to use is to hide the gender and name of a candidate for a position. Studies show that people prefer to hire women over men. In practice, being a good looking young woman is an enormous unfair advantage on the job market, for the simple reason that middle-aged men in management positions think with their dick. What happens when college education can no longer be used as a status indicator by employers, is that a big part of the incentive to go to college disappears. As a result, eighteen year old boys and girls can simply apply for a white-collar job, rather than first having to spend four years studying some particular subject they'll never make practical use of again. What this means is that people are able to become mature much faster than they do today. A person aged 25 might feel ready to have children because they have been saving money for years, whereas today a 25 year old is still paying off their college debt and feel frightened by the thought of having children.
Implement a big progressive tax on private land ownership, unless the land is covered in trees. Most of the land in Scotland is owned by a few private individuals, who just have massive herds of animals that eat the land bare. Scotland used to be covered with trees, all that's necessary for the trees to grow back is for the herds of animals to be removed. When we implement progressive taxes on land ownership, farmers who produce a lot of food with little land will find their business more profitable, while farmers who waste a lot of land will find their business to be costly. As an example, mushrooms farms use very little land, to produce a lot of food. Cattle pastures on the other hand, use a lot of land to produce hardly any food. When land ownership costs money, land can no longer be used for blind speculation. As a result, the property bubble should start to deflate. This is highly needed, because the young are now unable to buy houses because of the ridiculous prices we're dealing with. Those of us who can buy houses are afraid to do so, because prices could crash fifty percent and we would become prisoners in our own homes. If you're 65 or older, a decline in prices might suck, but you don't have a strong need to relocate anymore. Because we're unable to buy houses, we're unable to start families.
Most of the people in our prisons have double passports. A simple wise solution would be to give prisoners a choice: Renounce your citizenship of our country, in exchange for release from prison. Let Morocco, Turkey and other countries handle these people. When these people choose to move back to their country of origin, it creates an incentive for their families to move back too. What about those prisoners who have just a single passport? Offer them a reduced sentence, depending on where they're willing to sit out their sentence. As an example, you could cut a prison sentence by 25%, if the prisoner is willing to be imprisoned in French Guyana. By the time they are released, they might simply stay there. Another option that is very important is euthanasia. Prisoners need to have the right to choose to end their lives. Some people consider the death penalty inhumane. I consider sticking someone in a concrete box for twenty years to be far more inhumane myself. Most have no real chance of building up a meaningful life after they're released. There are actually a large number of prisoners and former prisoners who insist that the death penalty is more humane than a prison sentence, because our society treats former prisoners as second class citizens.
Implement a big tax on the use of our air space. Any plane that passes through our air space will have to cough up large amounts of money. This is great, because air travel has to be disincentivized. Most importantly, it increases the expenses of people who own private jets, which are a complete waste of our society's scarce resources. Currently, Americans charge roughly 30 dollar per 100 kilometer to people passing over their land surface. This is negligible. Try multiplying that rate by ten and see how much people still travel by airplane.
The Netherlands has the highest petrol taxes in the world. This is fantastic. The whole world needs to follow our example. Why? Because oil eventually runs out, so it's better that we prepare for it by encouraging a transitioning away from cars, rather than being caught by surprise. "But China and India!" Joe Sixpack proclaims. I don't care. Let them do what they want to do. If they want to create a big fossil fuel dependent economy, let them go ahead. By the time we run out of fossil fuels, their economies will implode. I think we similarly need a big tax on anyone who has more than a single car registered on his name.
Implement a constitutional amendment, requiring elected heads of state to have children. Why? Most of our political elite doesn't have children. If you don't bother to provide your own contribution to the future of our society at an individual level, why should I expect you will manage to do it at a collective level? What if our head of state is gay? He needs to find himself a wife who doesn't shave her legs, use his imagination, lie back and think of England. People used to make sacrifices for their community. What investment in the future does a childless leader have? He's a parasite, who ultimately expects other people's children to pay for his retirement. Donald Trump is forced to listen to his daughter, who understands that climate change will prove to be a real problem. If you raised children, your interests align more closely with the interests of the next generation, who are ultimately the people who are carrying the torch of civilization forward. If physiological problems prohibit you from having children, adopted children count too. The kind of person who doesn't want to raise children is the kind of person I don't trust ruling over a country.
Charles Galton Darwin was probably first to propose this, but it can't be said enough: We need to make foreign aid dependent upon a nation's population control efforts. Look at this map of abortion laws to understand what's going to cause us problems in the years ahead. Countries that legalize abortion should receive priority in all of our dealings with them.
We need to bring this new cold war with Russia to an end. I know, they don't allow gay pride parades. Deal with it. If the people of the world are going to have a place to live, it's going to have to be Russia. Russia, Greenland, Canada, Alaska, these are the kind of places where humans will survive a century from now. We need to be planning ahead for that future, rather than fighting each other over petty cultural differences. Why have we been fueling a bloody civil war in Syria since 2011? It's the greatest waste of human potential in recent history.
We can simultaneously improve our diet, reduce climate change, heal the ocean and give most of the world's land surface back to nature. It's explained here. China, Korea and Japan produce 88% of the world's seaweed right now. Why are we, in Europe, North America and Oceania not contributing? The solutions exist to our problems, but we're not applying them. Throw subsidies at mushrooms, seaweed and shellfish. Eventually, you'll get the public to switch their diet and you can begin abandoning most of the world's surface.
Happy societies are societies with plenty of young people and few old people. Particularly, it's important to have more young women than mature men. When the population is growing, war is common and life expectancies are low, this is easy. The fact of the matter is, that it's simply not a lot of fun to be old. In addition, old people have to be cared for by young people. We could kill all the old people, but I don't think anyone's looking forward to that. What I would suggest instead is that we work on getting rid of aging. "What, are you suggesting immortality?" No, I'm suggesting we've got our priorities wrong. Life expectancy at age 65 was 13 years for women in 1930, 21 years in 2010. So, the average retired woman will have eight extra years of life. This is fine, but why is so much money spent on keeping people alive longer? How about we shift our priorities towards keeping people young longer? It's possible to increase the number of eggs a woman has. Dehydroepiandrosterone is effectively used to gradually increase a woman's egg count over the months, until a woman who was infertile is fertile again. This was discovered, not in a state of the art laboratory. It was discovered by a woman who had difficulty conceiving and decided to start experimenting on herself. What kind of quality of life do you have as an 80 year old? Not a lot. What kind of quality of life do you have as a youthful looking fertile woman? Quite a lot. I know that I'm eventually going to die, so dragging it out doesn't matter much to me. If you can increase the percentage of time that I spend youthful on the other hand, I'm all ears. The best method we have to accomplish this currently seems to be the use of senolytics, substances that kill senescent cells, which are cells that have grown old and prohibit younger cells from reproducing (kind of like the babyboomers). The senescent cells do this by creating speculative housing bubble- err secreting substances that cause inflammation. Senolytics are the equivalent of a suicide bomber who only targets golf courses and cruise ships.
Why do we have massive office complexes everywhere? Most people can do their work from home. We soon won't need all the roads we have today either, because we will have self-driving cars. Self-driving cars don't need vast distances between vehicles due to our mediocre human reflexes. In addition, they can more easily share multiple passengers. We won't need all this parking space we have now either. Because people will be able to work from home and order products from home, we will need far less travel too. It's thought we can reduce the number of cars needed from 245 million, to just 2.4 million, through self-driving cars. That's not a typo, it's a 99% reduction. Technology renders humans obsolete, we say. I think we're not thinking this through clearly enough: Technology renders technology obsolete. If we can use Bitcoin as a store of value, demand for gold declines. If demand for gold declines, we don't need gold mines. We don't need televisions anymore, we're using our computers now for that. Most people don't need a desktop computer, they can do just about everything with a smartphone or a laptop. Paper production has peaked, most of it is now used for packaging. If our population peaks, we don't need to build new houses. Colleges? You can study from home. The city is full of space we won't need in the future. Parking garages are a thing of the past, companies will rent an office for two hours a week to hold a meetup. What are we going to do with all of that space? We can use it to grow food. A Dutch company grows mushrooms of the non-magical variety in an old swimming pool. If we grow food locally, it won't need packaging. So what happens next? Minimalism. If we're wise we will live like Sadhus. What else will we not need? Houses. If you can work from home and video-conference your colleagues if you don't want to show up to a meeting, or receive a basic income and don't really have a formal job, why would you want to own a house? You can simply rent a house for a night through AirBnB. You don't really need to own anything. A lawnmower? There's always someone in your street who has one and you can earn money online by renting yours out. Ideally, you wouldn't even have your own clothing. At any moment, 90+% of my clothing goes unused, just like most cars go unused. What do you think this is? Fully automated communism. What causes it? The free market. It's American free market capitalism, run by right-wing libertarians like Peter Thiel, that destroyed the taxi companies and the hotels. Some of the Silicon Valley tech startup guru's don't own anything other than a smartphone. Isn't it ironic? The Chinese and the Russians pursued communism and accidentally ended up with capitalism. We pursued capitalism and accidentally gave birth to communism.
What's the biggest problem in the Middle East today? Endless pointless violence. What causes this endless pointless violence? A small minority of men who monopolize the women and indoctrinate everyone with hateful ideologies. This is sufficient to get the young men to sign up for whatever idiotic millenarian group happens to run their town. The only reason the Middle East can function the way it does, is because everyone is sober. Alcohol and other psychoactive substances are forbidden. There's a simple reason for this. Sexual repression is difficult to sustain in a culture with access to alcohol. Alcohol makes people promiscuous, because it reduces inhibition. Psychedelics can make people promiscuous too, because psychedelics make you lose faith in authoritarian structures altogether and reduce your fear of death. But how do you keep those substances away from people, in a world where you can order them anonymously on the internet? The government looks for heat from the light used when it wants to find indoor cannabis plants. But how will that work, when you have yeast that can produce THC? Don't even get me started on Psilocybe mushrooms, which you can grow in your own house using little other than a glass jar and some wheat bran. And what do you think happens when people can order abortion pills and euthanasia drugs off the internet? These authoritarian structures have no future. Islamist fundamentalism is a temporary blip on the radar, that will be followed by an implosion of Islam. The bloodshed of ISIS has alienated an entire generation of young Muslims, who now realize that consistently applying Islamic laws doesn't solve anything but merely makes the misery worse. Studies show that Psilocybin mushrooms are increasingly commonly consumed, because the information on how to grow them is available everywhere. And those who take the mushrooms, report improved mental health. We haven't even begun to scratch the surface of the various substances out there and how they interact. How long do you think the taboo on cannabis will last when it becomes indisputable that use by the elderly prevents dementia? How long do you think the taboo on Salvia will last? Salvia treats opioid addiction, Americans can't afford to maintain the taboo. What I am proposing here, is a psychedelic renaissance. Our culture is on the verge of shifting towards one where people will have no desire to dominate, but merely yearn to spread love, happiness and compassion. This is a cultural state shift, the likes of which we haven't seen in centuries. It can happen and it won't have to be limited just to the Western world. It can spread around the globe in the same manner as most of our great cultural innovations have.
When do we begin to comprehend that we're eating the wrong things? When you're staring with your microscope at the particular genes of a piece of lettuce so that you can geneticaly engineer it to be resistant against a common mold, does it never occur to you that if your crop is plagued by an endless list of pests, you might need to consider eating something else? Why do we have factory farms when the Southern United States are plagued by feral pigs? Why can't rednecks make a living selling the feral hogs they shot? Why do we eat chickens who can't walk, when our pastures are plagued by millions of geese? "It's not cost-effective" Your government will say. And the reason it's not cost-effective is because you won't let it be cost effective. You create legislation that favors the big guy over the small guy and allow supermarket conglomerates to conquer the globe. Only big farms in England that own sufficient land can apply for farm subsidies, while small farms that make efficient use of their land can't qualify. You force people to leave their small towns and migrate to massive cities. You place subsidies on animal fodder like corn and allow people to bottom trawl the oceans and feed the fish to factory farm animals because they harvest so much fish they have no idea what to do with it. You artificially destroy oyster reefs that people use to gather wild oysters, because the oyster farmers feel threatened. It's not cost-effective because you're scared to death of what happens when it does become cost-effective! Sunchokes grow like weeds here in the Netherlands, I grow them in a bucket as I can't plant them in my soil as they'd take over everything. And yet, our diet is built around potatoes. The average Dutch potato has residue of 36 different pesticides. People think we're innovative, but that's nonsense. We have change forced upon us, but we refuse to adapt to nature. We'd rather watch everything go to hell than to adjust to the conditions we live in. We seem to insist on having the most bland unhealthy diet imaginable, produced in the most inefficient method imaginable. Now that it's becoming difficult to sustain, we're planning on the next insanity: GMO crops. Rather than adjusting to nature, we'll come up with a crop of our own that produces its own pesticides. Whatever genetic diversity still remains in a crop is lost when the farmers switch to GMO crops. As a result, GMO crops don't solve anything, because the real problem we're dealing with is a lack of genetic diversity in our crops. I envision a future where everyone grows his own food, not as sterile monocultures but a variety of crops grown together, while mushrooms grow in office towers and seaweed is brought in from the ocean. You'll live in a tent and travel around, following the feral pigs, deer and camels. When people tell you civilization has collapsed, you wouldn't notice the difference. You'd be too happy to care either way.
Guys, I know we are all happy and uppity with all of these things going on, but I just want to let you know that this is only the beginning of a long journey to the moon that we're wishing for. Having spent some time and learning about digital currencies in general, I am saying this out of love for what we have here in this sub. New pups, heed this well as you will now be a part of something important. A few months ago, we were considered a joke coin. A joke. Now, I prefer that we are not too serious but we demand to be taken seriously. So if you're craving for what you can do to help even if you're new or just want to kick things up a notch... Here is a serious list of the things you can do to support the rise of Dogecoin. 1.) If you are mining with a GPU, consider trading your equipment for an ASIC. These things are energy efficient and make you profitable in the long run, if not at least save you in electricity. I initially resisted the idea before, but I was ill-informed. I played into the fear that some unknown kook will make a farm out of these. But any equipment will make farms. CPUs have botnets, so the same phenomenon will happen regardless of mining equipment. What we really like to see though, is that mining would become decentralized. If we attain a large hashrate ACROSS a large network, not limited to multipools, then we can be safe and not worry as much. For those who don't understand clearly, the hashrate is the strength of the Dogecoin network. The larger it is, the harder it is for us to be attacked by rogue computers causing the whole Dogecoin network to fail. This has happened with obscure coins with very low hashrates, with their networks taken over and rendered their wallets near-useless. Bitcoin has 50 Petahashes, while we are barely 50 Gigahashes, roughly 5 times less than what Litecoin currently has. There are haters. There are entities interested in tearing this whole thing apart. This is the stuff Dogecoin Defense Force is trying to prevent from happening. It doesn't have to go there, but we need to step up. 2.) Buy $5 dollar's worth of Dogecoin if not more and "hold" it - Buy it because it takes it off the exchanges. Multipools dump millions of Dogecoin so they can get their hands on Bitcoin so they can get their hands on fiat. There's a reason they called it an "exchange". They kind of miss the point, so we should act instead. The only exchange that should be happening is one between of money and goods changing hands, regardless of borders and with minimal transaction fees. We've spent money on a lot of dumb things, and those things never even had a chance of increasing in value. Even a dollar will help. 3.) Advance merchant integration / adoption - The skinny is that businesses are scared of Dogecoin not due to the negative press, but among other things. Why take something that's valued differently the next day? Google the Zimbabwe Dollar and imagine being in the shoes of these merchants. How many hours would they need to train some disinterested dude about the complexities of transacting across wallets. In short, it's TOO HARD for them. Not only it's too hard currently, it's not paying the bills. We need to make it effortless for merchants to adopt, and I'm saddened that this aspect is not taken all so seriously. 4.) Vote. Participate. Think of this sub as a fairground where so many good things are happening. We are a community, no one needs permission to get stuff done; get up, go and run away with the ideas around here. Form groups, talk, and tip, but the best of all, execute. If anything, help a Shibe out, especially if they're new. Speak up, we'd love to help you; your understanding and success is the community's success. I have heard people who have been lifted out of their depression just by joining this sub. It's that spirit that's unique to us that needs to be on every true Shibe. Kindle those sparks; be the Prometheus and share that fire, now matter what the odds. This will be a contentious idea but I will say it anyway: Price does matter. 1 Doge is 1 Doge, but we can help more people if Dogecoin is worth a little more than what it is now. Imagine tipping 100 Doge at one cent per doge means you gave a real dollar to a cause. See the impact that we can have if money, even if it used to be a joke, is something of worth, though little. Now, some of you will say that a real moon price would make all those "greedy schmucks who join multipools" hoard Doge where it will never see the light of day. This is FUD. That doesn't have to be the unfortunate reality of the world we live in. If you are true to the spirit of charity, love and kindness, and if Dogecoin is a force for good, we'd all want it to be a strong force. Please do not believe you can slack because the responsibility is diffused among 81000 shibes. Neither am I saying stop the amazing absurdity of the things that we do. That spontaneity draws a lot of us in in the first place. You have no idea how efforts unnoticed, no matter how small, add up and reach a tipping point. Let us also not be complacent and put the blame on our coin's youth. We put a great message out there with the Dogcar, and it's high time that we follow through. We are one big party, but it takes work from all of us to keep it coming. Keep the passion going, and it'll take work; but I know we will be rewarded. Thank you for reading this. I know this will get buried considering it's a wall of text, but I'll say what I think needs saying. tl;dr - If you love Dogecoin, you will read and consider some of things I said above. To the moon!
CMV: Bitcoin Won't Remain Decentralized If ASICs Exist
(CMV stands for change my view) I understand non-p2pool pooled mining is currently a much bigger threat, but I feel like the 2 problems compliment each other. Bitcoin relies on computational power to achieve decentralization. If any entity achieves over 50% of the network, they have the power to practically destroy the coin through double spending. As low as 30%, they can do severe damage through selfish mining. Why exactly are ASICs worse for decentralization than GPUs? There's a few reasons: Entry Costs To get an ASIC that will actually make the slightest impact on the network or even generate enough BTC that you can even withdraw from a pool/find a share on p2pool in a reasonable amount of time, it will cost you thousands of dollars. The $100 USB miners won't do a darn thing. GPU coins, on the other hand, can be profitably mined with $100 cards. Additionally, many people already have these, as they're purchased for other uses such as 3d rendering/animation, gaming, or simulation. Scams: Most ASIC companies turn out to be scams in some way or another. Butterfly Labs, Hashfast, and so many others have screwed over their customers. NVIDIA and AMD are reputable companies with decades in the market, that must conform to corporate regulations. Technology Withholding Many companies that sell ASICs will not ship them or even sell them until it is more profitable to sell them than mine with them. It's simple economics for them to do so. The only people profiting are the people that make them. That's why KNCminer is making a massive ASIC farm with thousands of devices. To those who will say they profited from buying an ASIC, you got lucky. The company likely sold because the risk in using the devices themselves was too high. For example if there was a crash or rapid increase in difficulty, it would have turned out to be less profitable than selling. Manufacturers of Video cards, AMD and NVIDIA, have more motives to sell their cards. Not only are they a regulated market, but their devices serve additional purposes. People wish to buy them for gaming, simulation, 3d rendering, etc. Because of this, they will be purchased even when unprofitable, for the sake of gaming or other reasons. Availability Because GPUs/CPUs are owned by millions of people, in the event of a pool gaining too much power, people can temporarily mine on their home devices to alleviate the problem. If a device that could actually make a difference costed $10,000, few people would bother to help. The distant future Once hobbyists that know they're losing money stop purchasing Bitcoin ASICs, and the market has more liquidity/stability, the designers of them may start hoarding the devices. They could easily create massive farms that control too much power. Additionally, once block rewards diminish, they could practice illegal monopoly tactics. Include all transactions with super low fees to drive competition bankrupt, then when all competition is gone, raise fees to a ridiculous amount. Because designing an ASIC that would compete with current ones would cost millions of dollars to research, only to be kicked out of the market by monopoly tricks, attempting such a thing would be foolish. Being an anonymous network, government regulation could not stop mining datacenters from abusing this.
06-14 20:12 - 'The Rise of Litecoin' (self.Bitcoin) by /u/aaron0791 removed from /r/Bitcoin within 0-9min
''' Please do not downvote because you hate altcoins, read this post found in /Litecoin and comment your thoughts as civilized bitcoiners that we are.
PD: I am not author of this post, I am only a poster here in BTC
Bitcoin has been an immense success but in this last year it has not developed. With its exponentially rising transaction fee it has lost divisibility; a key property of money. Many small Bitcoin accounts with $10 or less have been rendered useless. This has also meant that businesses selling low cost items and services are no longer viable. Litecoin shares the majority of Bitcoin’s code and has now had an upgrade to version 2 (Segwit) which is much more capable. All the while Bitcoin stagnates running older code. How did this happen? Well the first thing to realise is that Bitcoin was set up as an open source project. Unlike Apple privately owning the iOS11 software development. All the work that has gone into Bitcoin has been in the public domain. It’s a part of the ideaology of the libertarian movement. The second fact to know is that Bitcoin is run by a distributed network of computers. [As a side note doing any real computing on a distributed computing network is a nightmare because it is incredibly inefficient, how Ethereum can ever have any practical application will remain a mystery to me.] This has the advantage that it can’t be shut down, corrupted or changed. The Bitcoin network is designed to constantly upgrade its armour (by increasing the hashing power). No vested interest or powerful party can do anything without 51% of the network’s hashing power. The whole Bitcoin system is incentivised to be immutable, that is Bitcoin’s power, its permanency and unchangeability. There is one upgrade route which has been designed in; that is miner consensus. If all miners agree to a software upgrade then that can happen. In the early days of Bitcoin upgrades were done a few times. The major upgrade that Litecoin has carried out is called Segwit (Segregated Witness). This is a clever rearrangement of the Bitcoin code which makes it more efficient, more secure and more capable ([link]1 money, [link]2 free transactions, etc.etc.). It was developed with years of research and testing by Bitcoin advocates. So why hasn’t it been done on Bitcoin? Computers that do the calculations and protect the Bitcoin network get paid a Bitcoin reward. Since 2009, millions of computers have joined the Bitcoin network in order to earn Bitcoin. Over time the computers that do these network calculations have become faster and faster and more and more specialised. Efficiencies of scale have meant that thousands of computers have been put together in mining farms using fast ASIC chips. 90% of the cost of running a mining farm is the electricity. Mining is incredibly competitive and mining farms typically only make 1% profit. Some miners secretly identified a way to increase their profits, this method is called the ASIC boost. It makes the chips that do the mining 20% more efficient. Because of the weighted electricity cost this translates into a 2000% increase in profits. The ASIC boosters now represent ~35% of the mining power. The Problem: Segwit the great upgrade designed by Bitcoin for Bitcoin will eradicate the ASIC boosters mining advantage. The selfish profit advantage of these miners combined with the immutability of Bitcoin means there can never be consensus on a Segwit upgrade. Add to this an escalating Bitcoin price which further reinforces the ASIC boosters' profitability. So there you have it, Litecoin the little crypto underdog which has been running steadily behind Bitcoin since 2011 has come along and implemented Segwit. Litecoin is now massively upgraded compared to Bitcoin. It’s as though Apple after spending years developing iOS11 couldn’t agree on it so Google comes and says here you go we’re releasing a litePhone using iOS11. Litecoin is such an exciting place to be. Some Bitcoiners feel threatened, they think that they were the chosen ones and Segwit was just for them. That's not the intention of Litecoiners at all. The presence atomic swaps (the interchange of money) between Litecoin and Bitcoin means that Litecoin is massively better off if/or when Bitcoin implements Segwit. The fact remains that Litecoin is the only major Segwit enabled currency and we have to assume we are going to be on our own for some years to come. We have a lot to do. Here's to the successful rise of Litecoin. Edit: formatting, thanks /cheshireycat ''' The Rise of Litecoin Go1dfish undelete link unreddit undelete link Author: aaron0791 1: mast:programmable 2: Lightning:instant
Crypto experiment: scrypt that emulates a qubit, something similar to what Google with his quantum playground does. The Vision “We believe quantum computing may help solve some of the most challenging computer science problems, particularly in machine learning. Machine learning is all about building better models of the world to make more accurate predictions. If we want to cure diseases, we need better models of how they develop. If we want to create effective environmental policies, we need better models of what’s happening to our climate. And if we want to build a more useful search engine, we need to better understand spoken questions and what’s on the web so you get the best answer.” This is the vision of Hartmut Neven,Technical Lead Manager, Image Recognition at Google about quantum looks like. The Awe Ever since I can remember, I had a passion for discovering new things. I have always knew that there is much more out there ready for me to be discovered. So, how Disney used to say that “Ideas come from curiosity”, I have started to take the same path and started to follow my own curiosity. The outcome? This cool idea of creating a a new cryptocoin that uses some sort of scrypt that emulates a qubit, something similar to what Google with his Quantum Playground does. Bitcoin and Artificial Intelligence Many of services that Google offer depend on sophisticated artificial intelligence technologies such as machine learning or pattern recognition. If one takes a closer look at such capabilities one realizes that they often require the solution of what mathematicians call hard combinatorial optimization problems. It turns out that solving the hardest of such problems requires server farms so large that they can never be built. But using the bitcoin model, you can develop a decentralized network that can do the work much easier than a server farm. And I truly believe that a new type of protocol a so-called “quantum coin script” (or qscript) can help here. Ok, but can it be done in today's world? The idea is pretty nice, as there is win win: people interested in developing a career within Nasa , Seti, Virgin group, etc, will mine the quantumcoins, the power goes to NASA, Seti, Virgin group, etc, research center, and with the coins, students can partially or fully pay their studies (space programs, research, aeronautical etc.). This will help NASA, Seti, Virgin Group to process huge chunks of data much much faster: image processing, simulations, 3D rendering, so on and so forth. Also, if we gather all the power and converge it to multiple mining pools, this power could be managed much much easier than a server farm, rewarding all the miners with the coin itself. So there are a fabulous set of problems to work on to figure out how to make all that work Push curiosity to the limits and let’s build this together I am just at the beginning and there are some awesome problems to solve, and to me this presents an opportunity: To be able to do something that you love, that you’re passionate about and that you really deeply know can have dramatic impact in people lives. And I am looking for amazing people in physics, aerospace ,aerodynamics, finance, bitcoin coding, visualization, web programing to really help me, help us, solve this puzzle together. quantumcoin.org
You can, but I wouldn’t recommend it, even with big render farms. Here’s why. The reason is that the rendering machines are built to have a high amount of RAM and a strong CPU because the rendering models in high-end rendering applications seldom... This problem mostly affects computers running Windows. Attack target: Bitcoin Core powers the Bitcoin peer-to-peer network, so people who want to disrupt the network may attack Bitcoin Core users in ways that will affect other things you do with your computer, such as an attack that limits your available download bandwidth. Initial Block Download(IBD) Initial block download refers to the ... Jan 26, 2014 - Materials: Ikea Helmer cabinet plus a lot of fancy stuff Description: We have optimized the original Helmer renderfarm for 24/7 Desktop computing. We have used the standard Ikea Helmer cabinet to build a renderfarm in it. Helmer-Air gots. 24cores, 81.6GHz and 96GB RAM. A complete tutorial with all the Hardware and a lo… Illustration about Bitcoin mining center room with business people on white. Illustration of hardware, design, digital - 113088234 Mining is the process of using a computer to perform complex calculations on blocks of data which maintain the Bitcoin network. Miners are rewarded for their efforts with a certain amount of ...
Start trading Bitcoin and cryptocurrency here: http://bit.ly/2Vptr2X IMPORTANT!! This method only illustrates how mining works. You will not make any money f... The virtual goldrush to mine Bitcoin and other cryptocurrencies leads us to Central Washington state where a Bitcoin mine generates roughly $70,000 a day min... Amazing Super Computer for Mining Bitcoin, Mining LiteCoin, Best Dashcoin Miner Tools, Amazing Computer for Mining ecurency. Today, I'm gonna start building a PC out of cheap spare parts, to use for GPU coin mining. Enjoy :) 🔘 How to generate Bitcoin with Android or Computer : 1. Enter your personal Bitcoin Wallet Address – make sure to enter a valid wallet address. It is recomme...