What is Bitcoin’s MiniSketch? Reducing Node Bandwidth

My 2-month experience with bitport.io (recommended provider)

(Edit- check comments. It seems there are far better options out there)
Howdy all. I didn't find much in the way of reviews for bitport when I was looking at seedboxes. I wanted to share the experience I've had with them in the last 2 months. I started off on their free plan (1GB cloud storage) and slowly progressed up to the highest paid tier (250GB cloud storage). I do not work for bitport and am in no way affiliated with them, it's just an honest review on what I received for my money.
Available Plans:
Free - 1GB cloud storage, 1 download slot, 1 torrent/day, non-guaranteed speed, no AV, only HTTP downloads
$5/mo - 5GB cloud storage, 5 download slots, unlimited torrents/day, unlimited download speed, https downloads, antivirus check, rss downloader
$10/month - 100GB cloud storage, 10 download slots, unlimited torrents/day, unlimited download speed, https downloads, antivirus check, rss downloader, google drive sync (can download directly to your google drive storage)
$15/month - same as above, except 20 download slots instead of 10 and 250GB cloud storage instead of 100GB
They also support FTP/SFTP access, which I have found extremely handy for grabbing my files. I use filezilla to create an SFTP connection and sync what I need. Once I have it locally I can remove it from my cloud storage and add more torrents. I get email alerts when a download is finished. I've found the speeds to be great. The seeding is worded weirdly on the website, but it appears that seeding is set to stop once the ratio hits 1.0 by default, or after 24 hours, whichever comes first. If you are a premium user you can contact the technical support team and request the ratio to be increased. I asked for the days seeded to be increased to 2 weeks, but the most they could/would do is 5 days.
Downloads can also be handled by a sync client they've developed. This is a windows only application which I haven't used, so I cannot comment on it. You can also use a variety of third party download clients to automatically download files when done.
Adding torrents can be done by uploading a torrent file or by pasting a torrent or magnet file link in the homepage. This has been very handy. You can also queue more downloads than you have slots for, again, pretty handy. It will automatically check torrent health and persistently try to download the files. There is a time limit on how long it will try to download (72 hours I think) and if it hasn't downloaded by then the site assumes the torrent health is bad and will abort trying to download it. You can always try again, but it won't sit in the queue indefinitely.
Payment can be via card, paypal, bitcoin, or other payment methods. I was pleased to be able to use bitcoin.
All in all my experience was good. The one thing I would like to change is have seeding set to seed until my ratio hits 1.0, instead it will time out if 1.0 isn't hit within 24 hours, and I can only extend that to 5 days. Bitport's site was easy to use, synced directly to my google drive, SFTP worked great, and isn't real expensive. The customer service is pretty decent, you can submit tickets and get responses within a day or so. They have a lot of documentation in the help center if you into issues or aren't sure how to do something.
I don't have much experience with other boxes, so I can't comment if they are a better value or preferrable to other providers, but I can vouch for them being a quality product and I feel like I have gotten pretty good bang for my buck.
If you have any questions I can try to answer. Again - not affiliated with them in any way, just trying to give back some to the community especially since I couldn't find much info on them before using them.
submitted by themaicero to seedboxes [link] [comments]

Update TKEYSPACE 1.3.0 on Android

Update TKEYSPACE 1.3.0 on Android

Version 1.3.0 is a powerful update to TkeySpace that our team has been carefully preparing. since version 1.2.0, we have been laying the foundation for implementing new features that are already available in the current version.
Who cares about the security and privacy of their assets is an update for you.
TkeySpace — was designed to give You full control over your digital assets while maintaining an exceptional level of security, which is why there is no personal data in the wallet: phone number, the email address that could be compromised by hackers — no identity checks and other hassles, just securely save the backup phrase consisting of 12 words.

Briefly about the TkeySpace 1.3.0 update :

  • Code optimization and switching to AndroidX;
  • New section-Privacy;
  • Built-in TOR;
  • Selecting the privacy mode;
  • Selecting the recovery method for each currency;
  • Choosing the address format for Litecoin;
  • Enhanced validation of transactions and blocks in the network;
  • Disk space optimization;
  • Accelerated syncing;
  • Checking “double spending”;
  • The bloom filter to check for nodes;
  • Updating the Binance and Ethereum libraries;
  • A function to hide the balance;
  • Advanced currency charts;
  • Access to charts without authentication;
  • News section;
  • Browser for Tkeycoin;
  • Independent Commission entry for Bitcoin;
  • New digital currencies;
  • Digital currency exchange tab.

Code optimization and switching to AndroidX

A lot of work has been done on optimizing the code to speed up the application, improving the logic, synchronization speed, calculating the hash of cryptocurrencies, and successfully switching to AndroidX.


New section: Privacy

  • Enable Tor;
  • Blockchain transaction (the selection of the privacy mode);
  • Blockchain recovery (choosing a recovery method);


Starting with the current update, the TkeySpace wallet can communicate via the TOR network, includes new privacy algorithms, and supports 59 different currencies.

Tor is a powerful privacy feature for those who own large assets or live in places where the Internet is heavily censored.
Tor technology provides protection against traffic analysis mechanisms that compromise not only Internet privacy, but also the confidentiality of trade secrets, business contacts, and communications in General.
When you enable TOR settings, all outgoing traffic from the wallet will be encrypted and routed through an anonymous network of servers, periodically forming a chain through the Tor network, which uses multi-level encryption, effectively hiding any information about the sender: location, IP address, and other data.
This means that if your provider blocks the connection, you can rest easy — after all, by running this function, you will get an encrypted connection to the network without restrictions.

In TOR mode, the wallet may work noticeably slower and in some cases, there may be problems with the network, due to encryption, some blockchain browsers may temporarily not work. However, TOR encryption is very important when Internet providers completely block traffic and switching to this mode, you get complete freedom and no blocks for transactions.

Confidentiality of transactions (the Blockchain transaction)

The wallet can change the model of a standard transaction, mixing inputs and outputs, making it difficult to identify certain cryptocurrencies. In the current update, you can select one of several modes for the transaction privacy level: deterministic lexicographic sorting or shuffle mode.

Mode: Lexicographic indexing

Implemented deterministic lexicographic sorting using hashes of previous transactions and output indexes for sorting transaction input data, as well as values and scriptPubKeys for sorting transaction output data;
We understand that information must remain confidential not only in the interests of consumers but also in higher orders, financial systems must be kept secret to prevent fraud. One way to address these privacy shortcomings is to randomize the order of inputs and outputs.
Lexicographic ordering is a comparison algorithm used to sort two sets based on their Cartesian order within their common superset. Lexicographic order is also often referred to as alphabetical order or dictionary order. The hashes of previous transactions (in reverse byte order) are sorted in ascending order, lexicographically.
In the case of two matching transaction hashes, the corresponding previous output indexes will be compared by their integer value in ascending order. If the previous output indexes match, the input data is considered equal.

Shuffle Mode: mixing (random indexing)

To learn more about how “shuffle mode” works, we will first analyze the mechanisms using the example of a classic transaction. Current balance Of your wallet: 100 TKEY, coins are stored at different addresses:
x1. Address-contains 10 TKEY. x2. Address-contains 20 TKEY. x3. Address-contains 30 TKEY. x4. Address-contains 15 TKEY. x5. Address-contains 25 TKEY.
Addresses in the blockchain are identifiers that you use to send cryptocurrency to another person or to receive digital currency.
In a classic transaction, if you need to send, for example, 19 TKEY — 100 TKEY will be sent to the network for “melting” coins, 19 TKEY will be sent to the Recipient, and ~80.9 TKEY will return to the newly generated address for “change” in your wallet.

In the blockchain explorer, you will see the transaction amount in the amount of 100 TKEY, where 80.99999679 TKEY is your change, 19 TKEY is the amount you sent and 0.00000321 is the transaction fee. Thus, in the blockchain search engine, most of your balance is shown in the transaction.

How does the shuffle mode work?

Let’s look at a similar example: you have 100 TKEY on your balance, and you need to send 19 TKEY.
x1. Address-contains 10 TKEY. x2. Address-contains 20 TKEY. x3. Address-contains 30 TKEY. x4. Address-contains 15 TKEY. x5. Address-contains 25 TKEY.
You send 19 TKEY, the system analyzes all your addresses and balances on them and selects the most suitable ones for the transaction. To send 19 TKEY, the miners will be given coins with x2. Addresses, for a total of 20 TKEY. Of these, 19 TKEY will be sent to the recipient, and 0.99999679 TKEY will be returned to Your new address as change minus the transaction fee.

In the blockchain explorer, you will see the transaction amount in the amount of 20 TKEY, where 0.99999679 TKEY is Your change, 19 TKEY is the amount you sent and 0.00000321 is the transaction fee.
The shuffle mode has a cumulative effect. with each new transaction, delivery Addresses will be created and the selection of debit addresses/s that are most suitable for the transaction will change. Thus, if you store 1,000,000 TKEY in your wallet and want to send 1 TKEY to the recipient, the transaction amount will not display most of your balance but will select 1 or more addresses for the transaction.

Selecting the recovery method for each digital currency (Blockchain restore)

Now you can choose the recovery method for each currency: API + Blockchain or blockchain.
Note: This is not a syncing process, but rather the choice of a recovery method for your wallet. Syncing takes place with the blockchain — regardless of the method you choose.

What are the differences between recovery methods?

API + Blockchain

In order not to load the entire history of the blockchain, i.e. block and transaction headers, the API helps you quickly get point information about previous transactions. For example, If your transactions are located in block 67325 and block 71775, the API will indicate to the node the necessary points for restoring Your balance, which will speed up the “recovery” process.
As soon as the information is received, communication with the peers takes place and synchronization begins from the control point, then from this moment, all subsequent block loading is carried out through the blockchain. This method allows you to quickly restore Your existing wallet.
‘’+’’ Speed.
‘’-’’ The API server may fail.


This method loads all block headers (block headers + Merkle) starting from the BIP44 checkpoint and manually validates transactions.
‘’+’’ It always works and is decentralized. ‘’-’’ Loading the entire blockchain may take a long time.

Why do I need to switch the recovery method?

If when creating a wallet or restoring it, a notification (!) lights up in red near the selected cryptocurrency, then most likely the API has failed, so go to SettingsSecurity CenterPrivacyBlockchain Restore — switch to Blockchain. Syncing will be successful.

Selecting the address format

You can choose the address format not only for Bitcoin but also for Litecoin. Legacy, SegWit, Native SegWit. Go to SettingsManage WalletsAddress Format.


Working at the code level

Enhanced validation of transactions and blocks in the network

Due to the increased complexity in the Tkeycoin network, we have implemented enhanced validation of the tkeycoin consensus algorithm, and this algorithm is also available for other cryptocurrencies.

What is the advantage of the enhanced validation algorithm for the user

First, the name itself speaks for itself — it increases the security of the network, and second, by implementing the function — we have accelerated the work of the TkeySpace blockchain node, the application consumes even fewer resources than before.
High complexity is converted to 3 bytes, which ensures fast code processing and the least resource consumption on your device.


The synchronization process has been upgraded. Node addresses are added to the local storage, and instant synchronization with nodes occurs when you log in again.

Checking for double-spending

TkeySpace eliminates “double-spending” in blockchains, which is very valuable in the Bitcoin and Litecoin networks.
For example, using another application, you may be sent a fake transaction, and the funds will eventually disappear from the network and your wallet because this feature is almost absent in most applications.
Using TkeySpace — you are 100% sure that your funds are safe and protected from fraudulent transactions in the form of “fake” transactions.

The bloom filter to check for nodes

All nodes are checked through the bloom filter. This allows you to exclude fraudulent nodes that try to connect to the network as real nodes of a particular blockchain.
In practice, this verification is not available in applications, Tkeycoin — decided to follow a new trend and change the stereotypes, so new features such as node verification using the bloom filter and double-spending verification are a kind of innovation in applications that work with cryptocurrencies.

Updating the Binance and Ethereum libraries

Updated Binance and Ethereum libraries for interaction with the TOR network.


Function — to hide the balance

This function allows you to hide the entire balance from the main screen.

Advanced currency charts and charts without authentication

Detailed market statistics are available, including volumes, both for 1 day and several years. Select the period of interest: 1 day, 7 days, 1 month, 3 months, 6 months, 1 year, 2 years.
In version 1.3.0, you can access charts without authentication. You can monitor the cryptocurrency exchange rate without even logging in to the app. If you have a pin code for logging in, when you open the app, swipe to the left and you will see a list of currencies.



In the market data section — in the tkeyspace added a section with current news of the cryptocurrency market.


Blockchain Explorer for Tkeycoin

Transaction verification for Tkeycoin is now available directly in the app.

Independent Commission entry for Bitcoin

Taking into account the large volume of the Bitcoin network, we have implemented independent Commission entry — you can specify any Commission amount.
For other currencies, smart Commission calculation is enabled based on data from the network. The network independently regulates the most profitable Commission for the sender.

New digital currencies

The TkeySpace wallet supports +59 cryptocurrencies and tokens.


Tkeycoin (TKEY), Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Bitcoin Cash (BCH), DASH, Binance (BNB), EOS.


TrueUSD (TUSD), Tether USD (USDT), USD Coin (USDC), Gemini Dollar (GUSD), STASIS EURO (EURS), Digix Gold Token (DGX), Paxos Standard (PAX), PAX Gold (PAXG), Binance USD (BUSD), EOSDT, Prospectors Gold (PGL).

ERC-20, BEP2, and EOS tokens

Newdex (NDX), DigixDAO ERC-20 (DGD), Chainlink ERC-20 (LINK), Decentraland ERC-20 (MANA), EnjinCoin ERC-20 (ENJ), the Native Utility (NUT), 0x Protocol ERC-20 (ZRX), Aelf ERC-20 (ELF), Dawn DAO ERC-20 (AURA), Cashaaa BEP2 (CAS), Bancor ERC-20 (BNT), the Basic Attention Token ERC-20 (BAT), Golem ERC-20 (GNT), Mithril ERC-20 (MITH), MEETONE, NEXO ERC-20, Holo ERC-20 (HOT), Huobi Token ERC-20 (HT), IDEX ERC-20, IDEX Membership ERC-20 (IDXM), Bitcoin BEP2 (BTCB), Waltonchain ERC-20 (WTC), KuCoin Shares ERC-20 (KCS), Kyber Network Crystal ERC-20 (KNC), Loom Network ERC-20 (LOOM), Ripple (XRP), Everipedia (IQ), Loopring ERC-20 (LRC), Maker ERC-20 (MKR), the Status of the ERC-20 (SNT), Ankr Network BEP2 (ANKR), OmiseGO ERC-20 (OMG), ^ american English ERC-20 (^american English), Polymath ERC-20 (POLY), Populous ERC-20 (PPT), Pundi X ERC-20 (NPXS), Parser ERC-20 (REP), Revain ERC-20 (R), Binance ERC20 (BNB-ERC20), Gifto BEP2 (GTO).

Exchange of cryptocurrency

The “Limitless Crypto Exchange” tab is available for a quick transition to an unlimited exchange in 200 digital currencies — 10,000 currency pairs.

How do I update TkeySpace to version 1.3.0?

  1. Go to Google Play on your device — My apps and games — find TkeySpace in the list of apps — click Update.
  2. Go to Google Play on your device-write TkeySpace in the search — click on the app icon — Update.
After the update, you will need to restore your wallet.
submitted by tkeycoin to Tkeycoin_Official [link] [comments]

My expiriences with crypto exchange Kraken.

So when learning about trading it is logical that first several years will yield more losses than profits. So far so that most traders suggest that your starting portfolio shouldn't be larger what you are willing to throw away.
So in September I joined Kraken, with ~100 EUR in LTC/BTC currency. And of course I lost 30 % in first week due to me getting accustomed with GUI , charts, SMA/EMAand etc while learning about analysis and losing in value to falling market.
Then drop of 8500-7500 happened in second week of September, and I accidentally shortened the BTC. Which was lucky but I contacted support team to explain to me what I have done. They were (generally are) polite and pointed me to the webinar that was supposed to be held on 6th November.
I closed the short position on 8th of October (classic FOMO) , got long and canceled that on October 10-11. So far I was up 5 EUR and down 3 (long was on higher leverage). So I shortened it again and waited. On 18th October I have just learned about stop-loss and take-profit and I placed it on 10 EUR above current price at the time.
Now you might hear ominous bells in the background as we approach the 25-th and 26-st October. So on that fated day, price busted trough my stop loss and locked me out of making any trade. I was in hell (figuratively) watching how I was loosing 20+ EUR not being able to do anything.
Once dust has settled and I have cut my losses (on 27-nth) , I decided to contact support team again to notify them that I was locked out of trading in order for them to fix any issues they might've been experiencing. They were nice and pleasant, and told me next time that happens to refresh my browser, clear my cookies, click sync bunch of times, log off and on, refresh tab on my browser, exit my browser and restart it again and restart my computer. And then kind people from support team (they were changing every 15 minutes, while I had to explain everything from the start) made me an technical support ticket and sent them to their trading support team[tsm].
There came 28th October, and I started new long position since I was under false influence that China or whatever will bounce bitcoin back to 10 K. I was mostly driven by replenishing the loses (at least 20 EUR one ) - NEVER TRADE ON EMOTION... this was my big mistake.
Then on 29th October, the lock down happened again. And after doing all steps they listed earlier - with no change whatsoever - I contacted the support team once again. They repeated the steps I have already done, and generated new ticket to trading support team. when I asked them what is the status of my previous ticket - they have told me that someone will get in touch with me soon.
My next mistake was trying to rustle with the market instead of waiting for response of tsm. I went down to 35 EUR till end of the October.
The webinar wasn't held, and response I got was to try "refresh my browser, clear my cookies, click sync bunch of times, log off and on, refresh tab on my browser, exit my browser and restart it again and restart my computer." and let them know if it doesn't start in half of an hour. It didn't, they apologized... no harm no foul. Soon after that (couple of days) John from tsm contacted me telling me I need to give him screen shot next time that happens, and on 3rd November it happened again. So I made screenshot and cropped the picture to show the issue and sent it to him. Keith replied next day that telling me that he needs it timestamped (although they have access to my ledger and every picture has binary date time block in their binary code ) , on which I told him that each picture is timestamped in binary. And if that happened again could I be refunded, and if I couldn't be refunded I would then write an review , forward all data to California state or ask for an refund.
Next two days no response. Then It happened again, I made screen shots of my phone (with date and time clearly visible) and asked him what is his response on refund part. And Maximus responed me with
I have gone to our dev's regarding your Rate Limitation Error. Every action taken on Kraken Pro (adding/closing/cancelling orders + retrieve balance (Sync)) is hitting the API. If too many actions are taken in a short period of time and you’ll receive this error and be temporarily locked out until you recover “points or allowance”.
I'm sorry for your frustration. Our Kraken Interface at kraken.com might be more suitable to your style of trading.
Then I asked again about refunds, and person who introduced himself as Kevin(later signed as Maximus) told me :
Kraken does not take the other side of your trade ans as such does not refund or reimburse for trades.
I copied whole ledger, and tried to withdraw my funds (with no luck ) and tried to trade in order to increase my funds so I can withdraw them and leave the hell hole that is their platform. And to no ones surprise I have lost 10 EUR till then. And interface on kraken.com that didn't help at all. Timed bid executed immediately on market price (instead of limit) with taker fees, stop losses executed randomly ... and etc.
Then I was locked out again, my short position order was filled, but my position held 0.00065 btc instead of 0.013 btc, I contacted the support yet again , where after Andrew replaced Maxima an phantom order (which I didn't fill) canceling the difference of 0.01235 btc appeared before my eyes. Andrew tried to submit new ticket to technical suport team, and when I asked him for their names... Andrew refused to tell me, mentioning that I have been in contact with them (Maximus, John, Kevin, Keith .... and of course Kevin Maximus). On which I finally saw where this was going, persuaded Andrew to withdraw my funds and left the fucking website.
If you are using Kraken, don't. I was extremely stupid hanging on trough all that stuff. Leave it and go to another. Americans especially, after some data analysis the API calls jump 2 hours before American time zones, and diminish 10 hours later.
submitted by ArchDan to Bitcoin [link] [comments]

I’m 23 y/o, make $80k, live in the Bay Area and work in Sales

Hi all! Apologies in advance for any formatting problems and that this is submitted a bit late-- it’s been a hectic morning in the office.
Section 1: Assets & Debts
401k: on track to max it out for my second year-- fluctuates but around $25k
Checkings account: I maintain about 20k in my checkings account. I have about $500 in cryptocurrency (Bitcoin and Ethereum) that I’m just going to leave in there.
Savings account: I don’t have a savings account and my rationale is that I prefer to stay liquid at the moment. I think there’s always been a deep financial insecurity instilled within me and this cushion is pretty extra but makes me feel safe.
Credit card debt: N/A, I always try and pay my cards off asap
Student loan debt: N/A, I was able to get a few scholarships in college and used a lot of my internship money towards housing. I’ve also been lucky enough for my parents to help cover a majority of my expenses. They’re really great.
Section 2: Income
Monthly take home Income: 3,741.62/month
Section 3: Expenses
Rent: 1340 (split with two other roommates)
Utilities: typically ~60
Wifi: typically ~25 (I don’t know why it’s fluctuating but I guess I’m not really counting dollars over here on something I use excessively. My roommate handles this while I pay utilities)
Retirememt: I max out my 401k, so $18,500 annually.
Cell phone: I'm on my parents' family plan
Health insurance: I'm on my parents' plan. Work offers free health insurance, but it’s easier to reach the family deductible minimum this way.
Therapy: $190 This is two sessions per month. This is pretty helpful, but I may consider looking for someone in our network so I don’t have to be paying purely out of pocket.
Gym: 29.99
Netflix: 0 I am the mooch, but tbh I don’t use it often.
Domain hosting: 6
Groupon Select: 4.99 I’ve been recently into flotation therapy and buying the Select gives me an additional 20% off on everything and ended up saving me more money. I love Groupon and will also occasionally impulse purchase shit there, so having this flat discount all the time has been totally worth it to me.
Savings: It’s all in the checkings account, but essentially everything I don’t spend I consider my savings. I also maintain a monthly “everything else goes” budget of $750/month. Sometimes I’m a bit over budget, sometimes I’m a bit under. It generally balances out and keeps me in check.
7:15 - My mornings take about 30 minutes to get ready. My routine consists of Elta MD sunscreen, Anastasia brow wiz, Makeup Forever eyeliner, Heroine Kiss mascara, and IT Cosmetics Bye Bye Redness concealer. (shoutout mua) I'm out the door and walk to the Caltrain station to take the 7:59 train to Mountain View. I have quite a long commute, but it's not that bad when I consider I can spend the time on the train to myself. It's a nice way to start the morning and sometimes I get some more time to sleep.
9:15 - At work! I work in Sales, so most of my job consists of writing emails, finding new contacts, and talking to clients. Before I went into sales, I would have never guessed that for most of the day the job itself is quiet-- just the sound of incessant typing.
12:30 - Work is great and feeds us. I pick up breakfast typically on my way in, and head down to grab lunch usually around this time.
X - I'm writing this entry in retrospect and don't recall much of my day at work. They're usually a blur. A couple of us are being promoted in title to the next step and at the moment it's a transitory time for us to build up our own book of business.
5:30 - I leave the office and commute back to the city.
7 - I'm home and cook some food. I pretty much just spend the evening reading and relaxing. Once in a while I'll get pretty intent on studying everything on a subject-- today it was about bdsm. I had been visiting this place with the guy I'm seeing (R) and I think after a couple trips, it makes sense for me to now to at least read up on the terminology and discussion on it. I spend most of the evening reading. I think this has been my biggest gripe coming out of school-- that my learning feels slower and I don't have as much depth into subjects as well as I did while in school. I miss it and I think these random evening binges help fill that gap.
X - I remember at some point that I bought a decorative plate for my kokedama plant (Japanese moss ball plants-- look them up!). I water it and put it on the plate. It looks super cute on the plate. I've reached my peak of interior design capabilities.
10 - I text R before bed. I think we're in a good place and I'm happy. I fall asleep around 11.
Daily Total: 0
7 - I wake up feeling like a lot is happening. My roommate is moving out -- I'm refiguring out how to pay rent and get a new subletter onboard and also find time to have dinner with the girl heading back to Malaysia. I haven't done laundry in a while -- sheets, clothes. I'm out of the country on Saturday -- packing, getting other shit in order while I'm gone. The volunteering programs I'm in are kinda happening in the background. Work is picking up -- I'm moving into a new role. I am reconnecting with a ton of friends but also making a conscious effort to pace myself. I am trying to get into setting up my personal site for random art projects I've done in the past and set me up to put content out on the internet. I want to start organizing events. I shoot off a few texts to get this all rolling and feel better.
11: - The sales reps have a weird conversation with our manager. He's not transparent and can be weird on certain topics. We're all concerned that this isn't a 'real promotion', especially since salary hasn't been discussed at all.
12:30 - We have a lunch sync just trying to figure out the situation together and how to approach it.
5: - I leave work and pick up a fruit tart from the kitchen before heading out. Their fruit tarts are hands down my favorite desserts, so that made my day. It's tasty and I feel healthy.
5:30 - My best friend calls while I commute back home. We chat and hang.
6:30 - I stop by Safeway after work to stock up on groceries. I spend a good 5 minutes standing in front of the pressed juice and kombucha and weird health shots aisle wondering what it is I need to change my life. Everything is overpriced and I end up buying a box of cornbread and some food instead. ($21)
7: - On my way home, I hit up my apartment laundromat to load my card up but realize I left my laundry card in my room. Oh well. I stop by the lil communal library and grab 3 books that seem interesting instead.
8: - I'm home and eat some cornbread while reading. I cook something quickly and eat while browsing Ulta. There is a new incoming pimple on my face and I'm upset. This is my birthday week and I got both my period and period-induced pimples.
10: 0 I end up finishing a skim of the first book and place my Ulta order. Text a couple friends before falling asleep around 12.
Daily Total: 21
8: - A groggy morning spent on the train. I usually read Money Diaries during this time.
9: - Head in, to be barraged by my fav coworker on Slack. She's working at a different office this week and has a good amount of tea and updates. We chat and I clean up my email while doing some work.
12:30 - Get lunch outside with a couple coworkers. It's so nice out and we're located right by a lil park.
1: - Get a lot of work done. I've set myself up with 4 meetings for once I'm back on holiday and I'm pretty hyped to close some business.
4: - I've hit a bit of a wall and feel like an animal pacing my cage as I tab in between my email, Reddit, my work, my spreadsheets, and my money diary. The office feels empty already.
5:30: - Leave the office to get to the train.
6:45: - I'm back home! One of my roommates is out of the country and subletting her apartment in the meanwhile. The current subletter is moving out soon, so I'm helping my original roommate show the place to potential subletters. I'm supposed to call a girl around 7, so text her a heads up beforehand seeing if she was still able to call. Calling out of the blue always feels invasive so I like to check first. She leaves me on read. Ahhh. I waste some time on the internet waiting around for her for a bit.
7:30: - The prospective subletter I was supposed to call to show the apartment was MIA so ??. The second call about this volunteering program I'm intending on joining was also MIA?? It’s not a great day for calls and it always feels like progress outside of work is slow.
8: - I cook a really bad meal and eat it while watching The Bachelorette season premiere. I'll pass on the drama and stuff with the rest of the season, but the intros of these dudes are really funny. Guys get surprisingly catty and I love it.
9: - I hit the gym. It's a good deadlift day! I usually lose a couple lbs off during period week, but was actually able to maintain weight this time around.
10: - Msg R about different animes and mangas and get a couple recommendations. I head to bed shortly after.
Daily Total: 0
9: - Breakfast was hella tasty.
10: - Team meeting. Quite uneventful.
11:30: - I'm setting myself up well for next quarter and I'm feeling good right now. There are new snacks in the office... but everyone has nabbed the almond butter cups. Finding and trying the new almond butter cups becomes my personal mission for the rest of the day and I make sure to check each time I pass through the microkitchen.
1: - Have a client call that goes well. The gal is sweet and we manage to connect.
4: - Finally cop a dark chocolate almond butter cup. And ramen.
5: - I head out early to catch the train back to the city. There is an art exhibit in Oakland I've been meaning to stop by and there's a talk at the exhibit during afterhours today about art cabals. Lowkey want to start one and host community-oriented art events for the heck of it, so I feel like this will be a good first stop. I buy my ticket on the train. (8)
5:30: - People watching the different stops of the train is always fun. There was an older woman who had the prettiest gray hair. I think that when I'm older I'm going to embrace the gray or at least dye it a consistent gray since that'd be a look. I nap on the train shortly after.
6:30: - I stop by Whole Foods to get a bit of food before heading over to BART to get to the art gallery talk (8). I refill my BART card with some money on my way (34). There's nothing llke a freshly loaded BART card. (42)
7: - Get to the art gallery! I check out the different installations they've done, talk to a lady who runs her own society (I honestly regret not asking her more about it), and chat with a locally famous Vine author in the Bay Area who I recognized after seeing him in a documentary during the SF Film Fest. They were selling books on the art cabal that the artist of the exhibit started, so I purchase one. I think I was the only person under 30 in the audience. I had hoped to find similar minded people who are in the urban exploration/weird event scene in present day, but I still enjoyed it. (32)
9: - Back on the BART and start heading home.
9:30: - My friend calls becuase I texted him earlier since I was having a mild panic attack. Happens.
10: - I like the new book I got!! It was so worth it!! Read a bit before showering and heading to bed.
Daily Total: 74
7: - It's my bday! 23! (yeah, I'm the baby at the office) I was never a birthday person because growing up, birthdays weren't particularly celebrated or special, but today feels special.
9: - One of my close coworker gals comes in a bit later and brings in a cake for my birthday! It's a beautiful cake and that has to be one of the nicest things anyone has done for me?
12: - The day goes by super fast. I clean out a couple email tasks and get some housekeeping and administrative tasks out of the way.
2: - We cut and eat the cake! It's really fucking delicious and I'm so grateful. It's a good fun time with people wishing me a happy birthday and chatting about my plans for Austria (mostly them discovering I don't have any clear ones since I'm largely tagging along with my parents). My main goals while there would be to do some shopping, visit the Naschmarkt, see the Spanish Riding school, eat cake at a cafe, attend an opera, and get time to chat with my parents.
3: - My managers are pretty much done with the day so part of the sales team heads out to a bar on the main street. I get a couple IPAs and feel pretty toasty shooting the shit with everyone else. The bill is expensed.
4:30: - I head out early and spend my time on the train calling. My friend calls to wish me a happy birthday and my parents call later as well. I make my way downtown to the restaurant I booked a reservation at.
6: - The place has a multi-course menu that rotates in what they serve on a daily basis. I get a beer, a tomato soup, salmon main, and a really really nice blueberry tarte. I was super full and content at this point though not necessarily sure if I wanted to go out or how to continue the rest of the night. The day was already amazing. (60)
7:30: - I'm back at my apartment and generally cleaning up and drink a cider while I wait for R to stop by. I'm still unsure what I want to do-- get more drinks? arcade bar? I had been experiencing a solid buzz since 3 and my decision making capabilities were out of the picture.
8: - He got me a really cute, relevant gift, and some chocolate from a chocolatier that we were at in one of our earlier hangouts. It was super thoughtful considering he probably had to spend a good hour to cross the city just to get to these spots and pick out these things. It's been a special day all day so I pop open a bottle of really good moscato I got from a Napa trip. We drink and hang and talk in my apartment for way too long as usual and he doesn't head back home until 4.
Daily Total: 60
7: - I am up at 7... and realize my flight is at 9:10. FUCK. There is a mad scramble to throw a bunch of shit into my bag. I get an Uber that will guarantee me getting to the airport as fast as possible. This poor dude had to deal with me massively panicking. (30)
9: - Check-in was super confusing since it was a chartered airline, but serviced by United? Regardless, I somehow make it to my terminal with 15 minutes to spare. At this point, I was experiencing a mild hangover, starving, running on 2 hours of sleep, and was completely dehydrated. Running through SFO was physically exhausting and I felt like keeling over. In this moment of weakness, I overpay for a croissant sandwich and a Naked smoothie. I think it was worth it because I could physically feel my hitpoints replenishing while sitting on the ground of my gate in awful condition. (18)
11: - I completely crash on the plane right through takeoff and landing. The woman next to me was a bit concerned and when I woke up when we were in LA, she made a point of letting me know we've arrived. Bless her heart.
12: LAX has a Pret which I've really missed from my time in London. I buy a chipotle chicken wrap and eat it while waiting for my turn to board. It's so toasty and so good and sets me up with just enough carbs to fall asleep again when we board. (10)
12:30: I get a great window seat and crash.
X: - (Time is always funky to me when I'm up in the air considering the weird timezones/crossing timezones. Timestamps are kinda arbitrary at this point out) I sleep a solid 8 hours on my flight throughout the whole thing and woke up briefly to eat cheesecake and chicken from the airplane meal. I was able to also squeeze in two movies -- watching 8 Mile (that last rap battle had me hella pumped up) and The Apple of My Eye (I end up bawling throughout the movie to the confusion of the guy sitting next to me).
Daily Total: 58
X: - I land in Vienna with no issue! Honestly it's a miracle. I get a taxi to an address my parents text me-- apparently the apartment we're staying in for the first 3 days is quite hard to find and the ice cream shop address was easier to find. Vienna is a gorgeous city and it's so much warmer than the breezy fake summer San Francisco gets. (28)
1 pm their time: - My dad meets me here! We head up to the apartment where I find my mom! It's so great to see them and we catch up while I change into shorts and a t-shirt. Opening up my luggage was hilarious-- everything looked like it was thrown in last minute but I realized even while slightly delirious and in panicmode, I was able to bring everything I needed. We decide to wander around the city and explore for a bit. We're in the heart of Vienna-- District 1 and walking through the streets has us seeing a ton of gorgeous architecture and shops. We find a place to eat. The place we chose is super touristy, but fun. I loved the apple streudel. It's totally different from the ones we have out here. My parents pay.
4 pm their time: - It's got to be at least 90 degrees out and we are jetlagged. I haven't experienced true hot weather like this in over a year and my parents are weak. We don't get very far walking and end up heading back to the apartment and crash.
X: - My mom wants to take a nap and my dad decides to rest too. I hang out on the couch reading a web serial before falling asleep myself.
8 pm their time: - We all agree that we feel much much better. They are working with 6 hours of timezone difference while I'm dealing with 9 hours. Today was a good day to just rest, see each other, eat and take in the city. It's late at this point and we're hungry again and decide to grab some more food at a cafe down the street. They pay.
9: We wander around the city and stop by the Vienna State Operahouse. They have Othello at the opera today, and although we missed the timeframe to get tickets, they happen to have a large screen outside the operahouse showing the show. There's quite a crowd outside, sitting on benches and on the ground watching Othello. We join in and I get to see the last 30 mins of the opera. So much talent and such a voice even from a recording played to the outdoors.
11: - Back to the apartment and we chat and hang out. We all get ready for bed again. I browse random internet things before falling asleep myself as well.
Daily Total: 28
Expenses Summary: 0
Food & Drink: 117
Fun & Entertainment: 40
Home & Health: 0
Clothes & Beauty: 0
Transport: 92
Other: 0
Total: 249
This isn’t the most typical week since I had a few birthday splurges and overspent on an urgent Uber ride (BART would have been ~$6). As a whole, I’ve been lucky enough that food expenses are on the lower end since work covers my breakfast and lunch, but I’m still a bit surprised by how quickly food costs add up. I also don’t keep track of the cents on my spending since a lot of my tracking is manual, but I do round up and down in a pretty 50/50 manner.
Other thoughts: I think my savings are relatively reasonable-- I have been on track to have a 50% (+/- 2%) pre-tax savings rate. I don’t know what I’m saving towards. Retirement? To start a business? A year long cross-world sabbatical? That’s something I’ll need to flesh out, but it’s sorta a combination of all of those. I also realize my life is kind of chaotic. I do a lot and they’re all in different directions and I often wonder if it’d make more sense to streamline things so I can have better focus. In writing this, I do feel like not having a Savings account is kind of strange.
I had fun with this! Thanks for reading! I hope you guys had a glimpse into my life! And of course, I’d love any feedback on any part.
submitted by hush-hush to MoneyDiariesACTIVE [link] [comments]

The Infinity Trade Engine Update #cryptoytrading

💥The Infinity Trade Engine Update💥
We are so excited to announce the most recent update to the Infinity Trade Engine. The trade engine is now synced to use predictive bias making the engine even more accurate and stable, especially when deciding to enter a long or short position or change the current position.
Since the update, the Infinity Trade Engine is now processing 160 orders per second, and the best part, it's hands-free and updates 24/7.
More orders, more Bitcoin! 🚀
We are so excited for every investor as we enter the New Year and approach the Halving 🤑
Direct questions on how to connect to the Infinity Trade Engine here.
submitted by mashaluxe to u/mashaluxe [link] [comments]

Developer Update #1 18/01/18

With so much going on right now it has been suggested that I make a post daily with an update of the status/situation/progress of the development team. This will include information on exchanges, third party integration and other services we are involved with. Hopefully this will also allow Troy to continue with his main role of moderating and supporting the thousands of users we have.
For this to work I've got a few rules that I think we need to follow:
1 - I will make a post every day - it will be at sometime during 'my' day (which is GMT/UTC)
2 - If there is nothing new I will say so, this is a real possibility as development does not run on 24hr cycles, we might be waiting for a response from a third party or confirmation or it might be that a test is still running.
3 - I'll try and explain things as best I can, somethings I won't be able to explain due to NDAs or Exchange Club (the first rule of exchange club is you don't talk about exchange club) or that something is still only half baked and its better we hold onto to allow more clarity.
4 - Due to commitments I won't be able to answer all questions - I've got to keep pushing things forward
5 - In return I'd appreciate not being abused, rudeness etc - we can be better then that
6 - No more hints at ETAs, it obviously just sets us up to fail - hopefully by having daily posts you can draw your own conclusions.
A bit of explanation about my role - I support exchanges, all exchanges either by providing advice and guidance or pointing them in the right direction/documentation/developer with special interest. I have a lot of communication channels open to nearly all the exchanges (apart from Mercatox who don't reply as has been described before) including exchanges that have listed as well as exchanges who are in the process of listing. They all have different designs to their exchanges and as an outsider one of my challenges is to try and work out how they have integrated the wallet especially as its not a bitcoin clone. There are a number of designs that the exchanges are using, there are single nodes, dual nodes with a deposit node and hotwallet node and also some cleverer designs with load balanced nodes. I give advice (pretty much the more nodes the better) and have found that the dual node is now becoming the standard approach. I've learnt that exchanges don't have massive teams, they have smaller developer teams then the raiblocks team have and will prioritise the biggest coins first. When things go wrong its a matter of debugging from a far, relying on long round trips depending on timezones, even asking for the latest node block count can take hours especially if the developer is busy with something else. KuCoin have been very attentive as I have said before and when one of their nodes fell out of sync last week we were able over a period of a few days to get it back in sync again (as described before we boot strapped it off one of their other nodes). Since then 'we' (I) have been monitoring the node via the block explorer and its working well - it has been for the last few days a matter of waiting for them to open up their withdrawals - something that we don't have any control over apart from to regularly contact them and explain the situation - we've recently been trumped by Ethereum issues. As has been mentioned before help has been offered to the Bitgrail team however they felt that they had things under control and report that they are working on internal scripting. We are in daily contact via private telegram channels.
All this work has provided a stable working node in the environment that its been used in but has also highlighted that are sync code could be optimised further, as directed to the github pull requests show that there is work being done to improve this. I am currently in the the process of setting up another server with some of these latest branches to see how it functions and whether this will improve things further (in addition to the developers that are actually working on the code).
So in summary:
  1. The Nodes that I'm involved with are currently working, this is mainly KuCoin as they have had the most contact, I am now waiting for them to start withdrawals.
  2. We have got plans for optimising the sync code - see pull requests on GitHub
  3. We offer help to all exchanges, some take up this offer, others don't - thats their choice
  4. I'll post again tomorrow
submitted by jayycox to RaiBlocks [link] [comments]

Sharpay.io released new animated direct share buttons for sites with mobile responsive design

Sharpay.io released new animated direct share buttons for sites with mobile responsive design
Dear Webmasters!
Sharpay.io is excited to announce that new animated direct share buttons for sites with mobile responsive design and additional new features are now available to all webmasters.
After a long period of development, and we considered different users and their sharing styles, we are so excited that we made some major improvements in direct share buttons and added lots of new features. Webmasters now have a greater degree to customize their own direct share buttons for different users. We also refined the appearance of direct share buttons, making them more attractive and informative in desktop and mobile devices.
Where are they? For example, we install the latest direct share buttons on our FAQ, try it and share with your friends!
Let’s see some key improvements we have made for direct share buttons:
🔸 Cool share and reward animation. We designed a very cool, eye-catching share and reward animation for direct share buttons. Users can see a share caption and token reward flipping next to the direct share buttons. The token reward is displayed in the currency that set in “User’s Rewards”, and is synced with CoinMarketCap, that means users can always get the real time price calculated by CoinMarketCap. Now users are able to see what token rewards and how much they are going to get from each visit via their shared link! It can definitely attract more users to share!
🔸 Minimized aggregated share button for iOS and Android mobile devices. Our system will detect the user’s device and change the direct share button accordingly. If users are using a mobile device, the direct share buttons will be minimized and combined all social network icons into one share button icon, and that icon design will change based on the mobile device operating system. That is the minimized share icon will have two different designs, for iOS devices and Android devices. Users can click on the minimized share button, and it will expand a list of social networks for them to share news to. Users are able to see the sharing icons familiar to them. That is a high customized share button design for better user experience.
🔸 Comfortable and easy to click share icon for mobile devices. The size of share icon for mobile devices is selected taking into account the studies that we have found. The optimal size of touching elements on the screen of mobile devices is 11mm which we chose and it is correspondent to the average size of the point of contact of the finger with the surface of the screen. We take care of every users, and make sure everyone can share news easily.
🔸 Optimized share icon shapes and display. We spent a lot of time optimizing the display location of social media icons relative to neighboring icons. Because all the icons are different in shape and it is not easy to bring them together with the best visual effect, but we did finally did it! In the widget code, we added a spacing and size calculation depending on the selected display options of the widget buttons.
🔸 Up to date reward size display. To show the token reward size in the direct sharing’s animation, we added the action controller to “Rest” file to get the reward amount for widgets. Now, the token reward size is displayed for direct sharing.
🔸 Worldwide currency for showing reward. There are 7 top currency units webmasters can choose to display the token reward size, they can show the token reward in Bitcoin (BTC), Ethereum (ETH), U.S. dollar (USD), Euro (EUR), Chinese yuan (CNY), Korean won (KRW) and Russian ruble (RUB).
🔸 Diversified button shapes. We added different shape options (Square, Rounded, Circle) for direct share buttons, webmasters can change different button shapes to fit their web design.
🔸 Customized icon background color. In the “No background color” option, webmasters are able to remove the background color of the social network button icons and select “Color icons” to choose their favorite color for their button icons.
🔸 Additional “copy link” button. We added “copy link” button for direct sharing. Webmasters can add a button for users to just copy the website link and share it to other social networks and friends.
🔸 Handy share via email button. We added “share via email” button for direct sharing. Webmasters can add a button for users to just copy the website link and share it to other social networks and friends.
🔸 Limited icons display with smart social network sorting. We recommend displaying 3 social media icons. According to recent studies, this increases the conversion of sharing. Together with our smart social network sorting, users will see their favorite ones first. Others will be available in the next button.
🔸 Flexible button size option for desktop direct share buttons. Beside the standard button sizes (16px, 24px, 32px, 48px) for desktop direct share buttons, we added a sliding bar for webmasters to adjust and change their button size.
🔸 Real time desktop and mobile buttons design preview. You can switch and instantly preview your customized direct share button design in desktop and mobile version. It saves a lot of time in designing your own direct share buttons to fit your websites!
Don’t forget to check out the latest direct share buttons on our FAQ! If you have any questions or problems setting up direct share buttons, please feel free to contact our Admin (https://t.me/sharpay_admin).
In Sharing We Trust! Sharpay.io Team
submitted by sharpay-io to u/sharpay-io [link] [comments]

An extensive guide for cashing out bitcoin and cryptocurrencies into private banks

Hey guys.
Merry Xmas !
I am coming back to you with a follow up post, as I have helped many people cash out this year and I have streamlined the process. After my original post, I received many requests to be more specific and provide more details. I thought that after the amazing rally we have been attending over the last few months, and the volatility of the last few days, it would be interesting to revisit more extensively.
The attitude of banks around crypto is changing slowly, but it is still a tough stance. For the first partial cash out I operated around a year ago for a client, it took me months to find a bank. They wouldn’t want to even consider the case and we had to knock at each and every door. Despite all my contacts it was very difficult back in the days. This has changed now, and banks have started to open their doors, but there is a process, a set of best practices and codes one has to follow.
I often get requests from crypto guys who are very privacy-oriented, and it takes me months to have them understand that I am bound by Swiss law on banking secrecy, and I am their ally in this onboarding process. It’s funny how I have to convince people that banks are legit, while on the other side, banks ask me to show that crypto millionaires are legit. I have a solid background in both banking and in crypto so I manage to make the bridge, but yeah sometimes it is tough to reconcile the two worlds. I am a crypto enthusiast myself and I can say that after years of work in the banking industry I have grown disillusioned towards banks as well, like many of you. Still an account in a Private bank is convenient and powerful. So let’s get started.
There are two different aspects to your onboarding in a Swiss Private bank, compliance-wise.
*The origin of your crypto wealth
*Your background (residence, citizenship and probity)
These two aspects must be documented in-depth.
How to document your crypto wealth. Each new crypto millionaire has a different story. I may detail a few fun stories later in this post, but at the end of the day, most of crypto rich I have met can be categorized within the following profiles: the miner, the early adopter, the trader, the corporate entity, the black market, the libertarian/OTC buyer. The real question is how you prove your wealth is legit.
1. Context around the original amount/investment Generally speaking, your first crypto purchase may not be documented. But the context around this acquisition can be. I have had many cases where the original amount was bought through Mtgox, and no proof of purchase could be provided, nor could be documented any Mtgox claim. That’s perfectly fine. At some point Mtgox amounted 70% of the bitcoin transactions globally, and people who bought there and managed to withdraw and keep hold of their bitcoins do not have any Mtgox claim. This is absolutely fine. However, if you can show me the record of a wire from your bank to Tisbane (Mtgox's parent company) it's a great way to start.
Otherwise, what I am trying to document here is the following: I need context. If you made your first purchase by saving from summer jobs, show me a payroll. Even if it was USD 2k. If you acquired your first bitcoins from mining, show me the bills of your mining equipment from 2012 or if it was through a pool mine, give me your slushpool account ref for instance. If you were given bitcoin against a service you charged, show me an invoice.
2. Tracking your wealth until today and making sense of it. What I have been doing over the last few months was basically educating compliance officers. Thanks God, the blockchain is a global digital ledger! I have been telling my auditors and compliance officers they have the best tool at their disposal to lead a proper investigation. Whether you like it or not, your wealth can be tracked, from address to address. You may have thought all along this was a bad feature, but I am telling you, if you want to cash out, in the context of Private Banking onboarding, tracking your wealth through the block explorer is a boon. We can see the inflows, outflows. We can see the age behind an address. An early adopter who bought 1000 BTC in 2010, and let his bitcoin behind one address and held thus far is legit, whether or not he has a proof of purchase to show. That’s just common sense. My job is to explain that to the banks in a language they understand.
Let’s have a look at a few examples and how to document the few profiles I mentioned earlier.
The trader. I love traders. These are easy cases. I have a ton of respect for them. Being a trader myself in investment banks for a decade earlier in my career has taught me that controlling one’s emotions and having the discipline to impose oneself some proper risk management system is really really hard. Further, being able to avoid the exchange bankruptcy and hacks throughout crypto history is outstanding. It shows real survival instinct, or just plain blissed ignorance. In any cases traders at exchange are easy cases to corroborate since their whole track record is potentially available. Some traders I have met have automated their trading and have shown me more than 500k trades done over the span of 4 years. Obviously in this kind of scenario I don’t show everything to the bank to avoid information overload, and prefer to do some snacking here and there. My strategy is to show the early trades, the most profitable ones, explain the trading strategy and (partially expose) the situation as of now with id pages of the exchanges and current balance. Many traders have become insensitive to the risk of parking their crypto at exchange as they want to be able to trade or to grasp an occasion any minute, so they generally do not secure a substantial portion on the blockchain which tends to make me very nervous.
The early adopter. Provided that he has not mixed his coin, the early adopter or “hodler” is not a difficult case either. Who cares how you bought your first 10k btc if you bought them below 3$ ? Even if you do not have a purchase proof, I would generally manage to find ways. We just have to corroborate the original 30’000 USD investment in this case. I mainly focus on three things here:
*proof of early adoption I have managed to educate some banks on a few evidences specifically related to crypto markets. For instance with me, an old bitcointalk account can serve as a proof of early adoption. Even an old reddit post from a few years ago where you say how much you despise this Ripple premined scam can prove to be a treasure readily available to show you were early.
*story telling Compliance officers like to know when, why and how. They are human being looking for simple answers to simple questions and they don’t want like to be played fool. Telling the truth, even without a proof can do wonders, and even though bluffing might still work because banks don’t fully understand bitcoin yet, it is a risky strategy that is less and less likely to pay off as they are getting more sophisticated by the day.
*micro transaction from an old address you control This is the killer feature. Send a $20 worth transaction from an old address to my company wallet and to one of my partner bank’s wallet and you are all set ! This is gold and considered a very solid piece of evidence. You can also do a microtransaction to your own wallet, but banks generally prefer transfer to their own wallet. Patience with them please. they are still learning.
*signature message Why do a micro transaction when you can sign a message and avoid potentially tainting your coins ?
*ICO millionaire Some clients made their wealth participating in ETH crowdsale or IOTA ICO. They were very easy to deal with obviously and the account opening was very smooth since we could evidence the GENESIS TxHash flow.
The miner Not so easy to proof the wealth is legit in that case. Most early miners never took screenshot of the blocks on bitcoin core, nor did they note down the block number of each block they mined. Until the the Slashdot article from August 2010 anyone could mine on his laptop, let his computer run overnight and wake up to a freshly minted block containing 50 bitcoins back in the days. Not many people were structured enough to store and secure these coins, avoid malwares while syncing the blockchain continuously, let alone document the mined blocks in the process. What was 50 BTC worth really for the early miners ? dust of dollars, games and magic cards… Even miners post 2010 are generally difficult to deal with in terms of compliance onboarding. Many pool mining are long dead. Deepbit is down for instance and the founders are MIA. So my strategy to proof mining activity is as follow:
*Focusing on IT background whenever possible. An IT background does help a lot to bring some substance to the fact you had the technical ability to operate a mining rig.
*Showing mining equipment receipts. If you mined on your own you must have bought the hardware to do so. For instance mining equipment receipts from butterfly lab from 2012-2013 could help document your case. Similarly, high electricity bill from your household on a consistent basis back in the day could help. I have already unlocked a tricky case in the past with such documents when the bank was doubtful.
*Wallet.dat files with block mining transactions from 2011 thereafter This obviously is a fantastic piece of evidence for both you and me if you have an old wallet and if you control an address that received original mined blocks, (even if the wallet is now empty). I will make sure compliance officers understand what it means, and as for the early adopter, you can prove your control over these wallet through a microtransaction. With these kind of addresses, I can show on the block explorer the mined block rewards hitting at regular time interval, and I can even spot when difficulty level increased or when halvening process happened.
*Poolmining account. Here again I have educated my partner bank to understand that a slush account opened in 2013 or an OnionTip presence was enough to corroborate mining activity. The block explorer then helps me to do the bridge with your current wallet.
*Describing your set up and putting it in context In the history of mining we had CPU, GPU, FPG and ASICs mining. I will describe your technical set up and explain why and how your set up was competitive at that time.
The corporate entity Remember 2012 when we were all convinced bitcoin would take over the world, and soon everyone would pay his coffee in bitcoin? How naïve we were to think transaction fees would remain low forever. I don’t blame bitcoin cash supporters; I once shared this dream as well. Remember when we thought global adoption was right around the corner and some brick and mortar would soon accept bitcoin transaction as a common mean of payment? Well, some shop actually did accept payment and held. I had a few cases as such of shops holders, who made it to the multi million mark holding and had invoices or receipts to proof the transactions. If you are organized enough to keep a record for these trades and are willing to cooperate for the documentation, you are making your life easy. The digital advertising business is also a big market for the bitcoin industry, and affiliates partner compensated in btc are common. It is good to show an invoice, it is better to show a contract. If you do not have a contract (which is common since all advertising deals are about ticking a check box on the website to accept terms and conditions), there are ways around that. If you are in that case, pm me.
The black market Sorry guys, I can’t do much for you officially. Not that I am judging you. I am a libertarian myself. It’s just already very difficult to onboard legit btc adopters, so the black market is a market I cannot afford to consider. My company is regulated so KYC and compliance are key for me if I want to stay in business. Behind each case I push forward I am risking the credibility and reputation I have built over the years. So I am sorry guys I am not risking it to make an extra buck. Your best hope is that crypto will eventually take over the world and you won’t need to cash out anyway. Or go find a Lithuanian bank that is light on compliance and cooperative.
The OTC buyer and the libertarian. Generally a very difficult case. If you bought your stack during your journey in Japan 5 years ago to a guy you never met again; or if you accumulated on https://localbitcoins.com/ and kept no record or lost your account, it is going to be difficult. Not impossible but difficult. We will try to build a case with everything else we have, and I may be able to onboard you. However I am risking a lot here so I need to be 100% confident you are legit, before I defend you. Come & see me in Geneva, and we will talk. I will run forensic services like elliptic, chainalysis, or scorechain on an extract of your wallet. If this scan does not raise too many red flags, then maybe we can work together ! If you mixed your coins all along your crypto history, and shredded your seeds because you were paranoid, or if you made your wealth mining professionally monero over the last 3 years but never opened an account at an exchange. ¯_(ツ)_/¯ I am not a magician and don’t get me wrong, I love monero, it’s not the point.
Cashing out ICOs Private companies or foundations who have ran an ICO generally have a very hard time opening a bank account. The few banks that accept such projects would generally look at 4 criteria:
*Seriousness of the project Extensive study of the whitepaper to limit the reputation risk
*AML of the onboarding process ICOs 1.0 have no chance basically if a background check of the investors has not been conducted
*Structure of the moral entity List of signatories, certificate of incumbency, work contract, premises...
*Fiscal conformity Did the company informed the authorities and seek a fiscal ruling.
For the record, I am not into the tax avoidance business, so people come to me with a set up and I see if I can make it work within the legal framework imposed to me.
First, stop thinking Switzerland is a “offshore heaven” Swiss banks have made deals with many governments for the exchange of fiscal information. If you are a French citizen, resident in France and want to open an account in a Private Bank in Switzerland to cash out your bitcoins, you will get slaughtered (>60%). There are ways around that, and I could refer you to good tax specialists for fiscal optimization, but I cannot organize it myself. It would be illegal for me. Swiss private banks makes it easy for you to keep a good your relation with your retail bank and continue paying your bills without headaches. They are integrated to SEPA, provide ebanking and credit cards.
For information, these are the kind of set up some of my clients came up with. It’s all legal; obviously I do not onboard clients that are not tax compliant. Further disclaimer: I did not contribute myself to these set up. Do not ask me to organize it for you. I won’t.
EU tricks
Swiss lump sum taxation Foreign nationals resident in Switzerland can be taxed on a lump-sum basis if they are not gainfully employed in our country. Under the lump-sum tax regime, foreign nationals taking residence in Switzerland may choose to pay an expense-based tax instead of ordinary income and wealth tax. Attractive cantons for the lump sum taxation are Zug, Vaud, Valais, Grisons, Lucerne and Berne. To make it short, you will be paying somewhere between 200 and 400k a year and all expenses will be deductible.
Switzerland has adopted a very friendly attitude towards crypto currency in general. There is a whole crypto valley in Zug now. 30% of ICOs are operated in Switzerland. The reason is that Switzerland has thrived for centuries on banking secrecy, and today with FATCA and exchange of fiscal info with EU, banking secrecy is dead. Regulators in Switzerland have understood that digital ledger technologies were a way to roll over this competitive advantage for the generations to come. Switzerland does not tax capital gains on crypto profits. The Finma has a very pragmatic approach. They have issued guidance- updated guidelines here. They let the business get organized and operate their analysis on a case per case basis. Only after getting a deep understanding of the market will they issue a global fintech license in 2019. This approach is much more realistic than legislations which try to regulate everything beforehand.
Italy new tax exemption. It’s a brand new fiscal exemption. Go to Aoste, get residency and you could be taxed a 100k/year for 10years. Yes, really.
Portugal What’s crazy in Europe is the lack of fiscal harmonization. Even if no one in Brussels dares admit it, every other country is doing fiscal dumping. Portugal is such a country and has proved very friendly fiscally speaking. I personally have a hard time trusting Europe. I have witnessed what happened in Greece over the last few years. Some of our ultra high net worth clients got stuck with capital controls. I mean no way you got out of crypto to have your funds confiscated at the next financial crisis! Anyway. FYI
Malta Generally speaking, if you get a residence somewhere you have to live there for a certain period of time. Being stuck in Italy is no big deal with Schengen Agreement, but in Malta it is a different story. In Malta, the ordinary residence scheme is more attractive than the HNWI residence scheme. Being an individual, you can hold a residence permit under this scheme and pay zero income tax in Malta in a completely legal way.
Monaco Not suitable for French citizens, but for other Ultra High Net worth individual, Monaco is worth considering. You need an account at a local bank as a proof of fortune, and this account generally has to be seeded with at least EUR500k. You also need a proof of residence. I do mean UHNI because if you don’t cash out minimum 30m it’s not interesting. Everything is expensive in Monaco. Real Estate is EUR 50k per square meter. A breakfast at Monte Carlo Bay hotel is 70 EUR. Monaco is sunny but sometimes it feels like a golden jail. Do you really want that for your kids?
  1. Set up a company in Dubaï, get your resident card.
  2. Spend one day every 6 month there
  3. ???
  4. Be tax free
US tricks Some Private banks in Geneva do have the license to manage the assets of US persons and U.S citizens. However, do not think it is a way to avoid paying taxes in the US. Opening an account at an authorized Swiss Private banks is literally the same tax-wise as opening an account at Fidelity or at Bank of America in the US. The only difference is that you will avoid all the horror stories. Horror stories are all real by the way. In Switzerland, if you build a decent case and answer all the questions and corroborate your case in depth, you will manage to convince compliance officers beforehand. When the money eventually hits your account, it is actually available and not frozen.
The IRS and FATCA require to file FBAR if an offshore account is open. However FBAR is a reporting requirement and does not have taxes related to holding an account outside the US. The taxes would be the same if the account was in the US. However penalties for non compliance with FBAR are very large. The tax liability management is actually performed through the management of the assets ( for exemple by maximizing long term capital gains and minimizing short term gains).
The case for Porto Rico. Full disclaimer here. I am not encouraging this. Have not collaborated on such tax avoidance schemes. if you are interested I strongly encourage you to seek a tax advisor and get a legal opinion. I am not responsible for anything written below. I am not going to say much because I am so afraid of uncle Sam that I prefer to humbly pass the hot potato to pwc From here all it takes is a good advisor and some creativity to be tax free on your crypto wealth if you are a US person apparently. Please, please please don’t ask me more. And read the disclaimer again.
Trust tricks Generally speaking I do not accept fringe fiscal situation because it puts me in a difficult situation to the banks I work with, and it is already difficult enough to defend a legit crypto case. Trust might be a way to optimize your fiscal situation. Belize. Bahamas. Seychelles. Panama, You name it. At the end of the day, what matters for Swiss Banks are the beneficial owner and the settlor. Get a legal opinion, get it done, and when you eventually knock at a private bank’s door, don’t say it was for fiscal avoidance you stupid ! You will get the door smashed upon you. Be smarter. It will work. My advice is just to have it done by a great tax specialist lawyer, even if it costs you some money, as the entity itself needs to be structured in a professional way. Remember that with trust you are dispossessing yourself off your wealth. Not something to be taken lightly.
“Anonymous” cash out. Right. I think I am not going into this topic, neither expose the ways to get it done. Pm me for details. I already feel a bit uncomfortable with all the info I have provided. I am just going to mention many people fear that crypto exchange might become reporting entities soon, and rightly so. This might happen anyday. You have been warned. FYI, this only works for non-US and large cash out.
The difference between traders an investors. Danmark, Holland and Germany all make a huge difference if you are a passive investor or if you are a trader. ICO is considered investing for instance and is not taxed, while trading might be considered as income and charged aggressively. I would try my best to protect you and put a focus on your investor profile whenever possible, so you don't have to pay 52% tax if you do not have to :D
Full cash out or partial cash out? People who have been sitting on crypto for long have grown an emotional and irrational link with their coins. They come to me and say, look, I have 50m in crypto but I would like to cash out 500k only. So first let me tell you that as a wealth manager my advice to you is to take some off the table. Doing a partial cash out is absolutely fine. The market is bullish. We are witnessing a redistribution of wealth at a global scale. Bitcoin is the real #occupywallstreet, and every one will discuss crypto at Xmas eve which will make the market even more supportive beginning 2018, especially with all hedge funds entering the scene. If you want to stay exposed to bitcoin and altcoins, and believe these techs will change the world, it’s just natural you want to keep some coins. In the meantime, if you have lived off pizzas over the last years, and have the means to now buy yourself an nice house and have an account at a private bank, then f***ing do it mate ! Buy physical gold with this account, buy real estate, have some cash at hands. Even though US dollar is worthless to your eyes, it’s good and convenient to have some. Also remember your wife deserves it ! And if you have no wife yet and you are socially awkward like the rest of us, then maybe cashing out partially will help your situation ;)
What the Private Banks expect. Joke aside, it is important you understand something. If you come around in Zurich to open a bank account and partially cash out, just don’t expect Private Banks will make an exception for you if you are small. You can’t ask them to facilitate your cash out, buy a 1m apartment with the proceeds of the sale, and not leave anything on your current account. It won’t work. Sadly, under 5m you are considered small in private banking. The bank is ok to let you open an account, provided that your kyc and compliance file are validated, but they will also want you to become a client and leave some money there to invest. This might me despicable, but I am just explaining you their rules. If you want to cash out, you should sell enough to be comfortable and have some left. Also expect the account opening to last at least 3-4 week if everything goes well. You can't just open an account overnight.
The cash out logistics. Cashing out 1m USD a day in bitcoin or more is not so hard.
Let me just tell you this: Even if you get a Tier 4 account with Kraken and ask Alejandro there to raise your limit over $100k per day, Even if you have a bitfinex account and you are willing to expose your wealth there, Even if you have managed to pass all the crazy due diligence at Bitstamp,
The amount should be fractioned to avoid risking your full wealth on exchange and getting slaughtered on the price by trading big quantities. Cashing out involves significant risks at all time. There is a security risk of compromising your keys, a counterparty risk, a fat finger risk. Let it be done by professionals. It is worth every single penny.
Most importantly, there is a major difference between trading on an exchange and trading OTC. Even though it’s not publicly disclosed some exchange like Kraken do have OTC desks. Trading on an exchange for a large amount will weight on the prices. Bitcoin is a thin market. In my opinion over 30% of the coins are lost in translation forever. Selling $10m on an exchange in a day can weight on the prices more than you’d think. And if you trade on a exchange, everything is shown on record, and you might wipe out the prices because on exchanges like bitstamp or kraken ultimately your counterparties are retail investors and the market depth is not huge. It is a bit better on Bitfinex. It is way better to trade OTC. Accessing the institutional OTC market is not easy, and that is also the reason why you should ask a regulated financial intermediary if we are talking about huge amounts.
Last point, always chose EUR as opposed to USD. EU correspondent banks won’t generally block institutional amounts. However we had the cases of USD funds frozen or delayed by weeks.
Most well-known OTC desks are Cumberlandmining (ask for Lucas), Genesis (ask for Martin), Bitcoin Suisse AG (ask for Niklas), circletrade, B2C2, or Altcoinomy (ask for Olivier)
Very very large whales can also set up escrow accounts for massive block trades. This world, where blocks over 30k BTC are exchanged between 2 parties would deserve a reddit thread of its own. Crazyness all around.
Your options: DIY or going through a regulated financial intermediary.
Execution trading is a job in itself. You have to be patient, be careful not to wipe out the order book and place limit orders, monitor the market intraday for spikes or opportunities. At big levels, for a large cash out that may take weeks, these kind of details will save you hundred thousands of dollars. I understand crypto holders are suspicious and may prefer to do it by themselves, but there are regulated entities who now offer the services. Besides, being a crypto millionaire is not a guarantee you will get institutional daily withdrawal limits at exchange. You might, but it will take you another round of KYC with them, and surprisingly this round might be even more aggressive that the ones at Private banks since exchange have gone under intense scrutiny by regulators lately.
The fees for cashing out through a regulated financial intermediary to help you with your cash out should be around 1-2% flat on the nominal, not more. And for this price you should get the full package: execution/monitoring of the trades AND onboarding in a private bank. If you are asked more, you are being abused.
Of course, you also have the option to do it yourself. It is a way more tedious and risky process. Compliance with the exchange, compliance with the private bank, trading BTC/fiat, monitoring the transfers…You will save some money but it will take you some time and stress. Further, if you approach a private bank directly, it will trigger a series of red flag to the banks. As I said in my previous post, they call a direct approach a “walk-in”. They will be more suspicious than if you were introduced by someone and won’t hesitate to show you high fees and load your portfolio with in-house products that earn more money to the banks than to you. Remember also most banks still do not understand crypto so you will have a lot of explanations to provide and you will have to start form scratch with them!
The paradox of crypto millionaires Most of my clients who made their wealth through crypto all took massive amount of risks to end up where they are. However, most of them want their bank account to be managed with a low volatility fixed income capital preservation risk profile. This is a paradox I have a hard time to explain and I think it is mainly due to the fact that most are distrustful towards banks and financial markets in general. Many clients who have sold their crypto also have a cash-out blues in the first few months. This is a classic situation. The emotions involved in hodling for so long, the relief that everything has eventually gone well, the life-changing dynamics, the difficulties to find a new motivation in life…All these elements may trigger a post cash-out depression. It is another paradox of the crypto rich who has every card in his hand to be happy, but often feel a bit sad and lonely. Sometimes, even though it’s not my job, I had to do some psychological support. A lot of clients have also become my friends, because we have the same age and went through the same “ordeal”. First world problem I know… Remember, cashing out is not the end. It’s actually the beginning. Don’t look back, don’t regret. Cash out partially, because it does not make sense to cash out in full, regret it and want back in. relax.
The race to cash out crypto billionaire and the concept of late exiter. The Winklevoss brothers are obviously the first of a series. There will be crypto billionaires. Many of them. At a certain level you can have a whole family office working for you to manage your assets and take care of your needs . However, let me tell you it’s is not because you made it so big that you should think you are a genius and know everything better than anyone. You should hire professionals to help you. Managing assets require some education around the investment vehicles and risk management strategies. Sorry guys but with all the respect I have for wallstreebet, AMD and YOLO stock picking, some discipline is necessary. The investors who have made money through crypto are generally early adopters. However I have started to see another profile popping up. They are not early adopters. They are late exiters. It is another way but just as efficient. Last week I met the first crypto millionaire I know who first bough bitcoin over 1000$. 55k invested at the beginning of this year. Late adopter & late exiter is a route that can lead to the million.
Last remarks. I know banks, bankers, and FIAT currencies are so last century. I know some of you despise them and would like to have them burn to the ground. With compliance officers taking over the business, I would like to start the fire myself sometimes. I hope this extensive guide has helped some of you. I am around if you need more details. I love my job despite all my frustration towards the banking industry because it makes me meet interesting people on a daily basis. I am a crypto enthusiast myself, and I do think this tech is here to stay and will change the world. Banks will have to adapt big time. Things have started to change already; they understand the threat is real. I can feel the generational gap in Geneva, with all these old bankers who don’t get what’s going on. They glaze at the bitcoin chart on CNBC in disbelief and they start to get it. This bitcoin thing is not a joke. Deep inside, as an early adopter who also intends to be a late exiter, as a libertarian myself, it makes me smile with satisfaction.
Cheers. @swisspb on telegram
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MESSAGE TESTING! Looking for feedback, comments, and suggestions from the community

Hey everyone, the Komodo marketing team is finalizing some copy that will be used to send to people interested in building on Komodo. We'd like to message test this with the community before finalizing so please let us know if you have any suggestions or feedback. Thanks everyone!
Komodo Platform is a thriving, open-source ecosystem of cutting-edge technologies in the burgeoning blockchain sphere. It is Komodo’s mission to accelerate the global adoption of blockchain technology by removing barriers to entry for developers, blockchain startups, and existing businesses alike with simple, end-to-end blockchain solutions.
When looking to integrate blockchain tech, there are many competing technologies and platforms to choose from. What sets Komodo Platform apart from the competition is a proven track record of identifying and innovating solutions to all of blockchain’s most pressing problems.
Rather than focusing on a single use case or feature, Komodo Platform has built a comprehensive toolkit of blockchain solutions that addresses every essential aspect of the technology. In particular, Komodo’s tech focuses on providing top-notch security, scalability, and interoperability, as well as hybrid privacy features.
This holistic approach ensures that all who build on Komodo have the tools they need to be successful, including a variety of customizable white-label products that slash time to market while still providing complete flexibility and control.
All of these strengths, combined with a clear vision for a global blockchain ecosystem, make Komodo Platform the world’s leading provider of end-to-end blockchain solutions.
For Komodo Platform, security comes first. Security is always at the forefront of the development process. As such, every blockchain launched on Komodo Platform is protected with the power of the Bitcoin hashrate.
At the same time, all blockchains built on Komodo are protected by Komodo’s innovative security mechanism, known as delayed Proof of Work (dPoW), which stores backups of the entire Komodo ecosystem onto the Bitcoin ledger every ten minutes.
Here’s how it works. Every ten minutes, a snapshot is taken of the entire Komodo ecosystem. Then, this snapshot is written into a block on the Bitcoin blockchain. This process is called notarization and it is the backbone of Komodo’s security mechanism. Komodo Platform’s notary nodes carry out the technical work required to successfully complete notarizations.
In essence, dPoW functions as a form of 2FA for blockchain projects. A potential attacker would need to take down both the BTC and KMD networks before they could alter, disrupt, or destroy your chain. Since the backup process takes place every ten minutes, your chain is constantly protected.
Komodo provides every project built on the platform with virtually limitless scalability. A new feature from Komodo allows multiple blockchains to work in unison and behave as a single chain.
If one blockchain is no longer providing the performance you need, simply add another chain. If two isn’t sufficient, add a third. With Komodo Platform, you can scale on demand to keep up with the the needs of your business.
No other blockchain platform offers both this level of security and scalability. Some blockchain platforms can provide security, although you’re forced to share infrastructure with other projects. This increases congestion and transaction fees, thus limiting scalability.
Other blockchain platforms offer independent blockchains but leave you to your own devices when it comes to security. This is especially troublesome if you’re using a Proof of Work (PoW) consensus mechanism, since most projects generally do not have a high enough hashrate to protect themselves from 51% attacks. Without security, scalability is completely irrelevant.
Blockchains created on Komodo are completely independent in the sense that what happens on one chain cannot and will not affect any other chain in the ecosystem. This is true because, unlike other platforms, chains launched on Komodo do not share infrastructure or networks.
As a result, there is no need to worry about congestion on Komodo Platform. There will never be an increase in the fees or length of time required to complete a transaction.
Moreover, projects built on Komodo may migrate away from the platform at any point in time. If, at any point in time, you feel that another platform is better-suited for the needs of your project, you are free to leave. Every blockchain launched on Komodo is the property of those who created it. There is no vendor lock-in on Komodo Platform.
Finally, every project effectively receives a clone copy of the KMD chain, so as Komodo continues to innovate new technologies, every chain in the ecosystem receives all of the additional enhancements and features. This lets you build on Komodo with peace of mind.
Future-proof your project by building on the world’s premier blockchain platform: Komodo.
  1. Customization — choose from optional modules to build a tailor-made solution
  2. Scalability — scale on demand to keep up with your project’s growth
  3. Independence — no shared infrastructure, blockchains, or networks
Komodo Assetchain Features
New Features In Testing & Development