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Why i’m bullish on Zilliqa (long read)

Edit: TL;DR added in the comments
 
Hey all, I've been researching coins since 2017 and have gone through 100s of them in the last 3 years. I got introduced to blockchain via Bitcoin of course, analyzed Ethereum thereafter and from that moment I have a keen interest in smart contact platforms. I’m passionate about Ethereum but I find Zilliqa to have a better risk-reward ratio. Especially because Zilliqa has found an elegant balance between being secure, decentralized and scalable in my opinion.
 
Below I post my analysis of why from all the coins I went through I’m most bullish on Zilliqa (yes I went through Tezos, EOS, NEO, VeChain, Harmony, Algorand, Cardano etc.). Note that this is not investment advice and although it's a thorough analysis there is obviously some bias involved. Looking forward to what you all think!
 
Fun fact: the name Zilliqa is a play on ‘silica’ silicon dioxide which means “Silicon for the high-throughput consensus computer.”
 
This post is divided into (i) Technology, (ii) Business & Partnerships, and (iii) Marketing & Community. I’ve tried to make the technology part readable for a broad audience. If you’ve ever tried understanding the inner workings of Bitcoin and Ethereum you should be able to grasp most parts. Otherwise, just skim through and once you are zoning out head to the next part.
 
Technology and some more:
 
Introduction
 
The technology is one of the main reasons why I’m so bullish on Zilliqa. First thing you see on their website is: “Zilliqa is a high-performance, high-security blockchain platform for enterprises and next-generation applications.” These are some bold statements.
 
Before we deep dive into the technology let’s take a step back in time first as they have quite the history. The initial research paper from which Zilliqa originated dates back to August 2016: Elastico: A Secure Sharding Protocol For Open Blockchains where Loi Luu (Kyber Network) is one of the co-authors. Other ideas that led to the development of what Zilliqa has become today are: Bitcoin-NG, collective signing CoSi, ByzCoin and Omniledger.
 
The technical white paper was made public in August 2017 and since then they have achieved everything stated in the white paper and also created their own open source intermediate level smart contract language called Scilla (functional programming language similar to OCaml) too.
 
Mainnet is live since the end of January 2019 with daily transaction rates growing continuously. About a week ago mainnet reached 5 million transactions, 500.000+ addresses in total along with 2400 nodes keeping the network decentralized and secure. Circulating supply is nearing 11 billion and currently only mining rewards are left. The maximum supply is 21 billion with annual inflation being 7.13% currently and will only decrease with time.
 
Zilliqa realized early on that the usage of public cryptocurrencies and smart contracts were increasing but decentralized, secure, and scalable alternatives were lacking in the crypto space. They proposed to apply sharding onto a public smart contract blockchain where the transaction rate increases almost linear with the increase in the amount of nodes. More nodes = higher transaction throughput and increased decentralization. Sharding comes in many forms and Zilliqa uses network-, transaction- and computational sharding. Network sharding opens up the possibility of using transaction- and computational sharding on top. Zilliqa does not use state sharding for now. We’ll come back to this later.
 
Before we continue dissecting how Zilliqa achieves such from a technological standpoint it’s good to keep in mind that a blockchain being decentralised and secure and scalable is still one of the main hurdles in allowing widespread usage of decentralised networks. In my opinion this needs to be solved first before blockchains can get to the point where they can create and add large scale value. So I invite you to read the next section to grasp the underlying fundamentals. Because after all these premises need to be true otherwise there isn’t a fundamental case to be bullish on Zilliqa, right?
 
Down the rabbit hole
 
How have they achieved this? Let’s define the basics first: key players on Zilliqa are the users and the miners. A user is anybody who uses the blockchain to transfer funds or run smart contracts. Miners are the (shard) nodes in the network who run the consensus protocol and get rewarded for their service in Zillings (ZIL). The mining network is divided into several smaller networks called shards, which is also referred to as ‘network sharding’. Miners subsequently are randomly assigned to a shard by another set of miners called DS (Directory Service) nodes. The regular shards process transactions and the outputs of these shards are eventually combined by the DS shard as they reach consensus on the final state. More on how these DS shards reach consensus (via pBFT) will be explained later on.
 
The Zilliqa network produces two types of blocks: DS blocks and Tx blocks. One DS Block consists of 100 Tx Blocks. And as previously mentioned there are two types of nodes concerned with reaching consensus: shard nodes and DS nodes. Becoming a shard node or DS node is being defined by the result of a PoW cycle (Ethash) at the beginning of the DS Block. All candidate mining nodes compete with each other and run the PoW (Proof-of-Work) cycle for 60 seconds and the submissions achieving the highest difficulty will be allowed on the network. And to put it in perspective: the average difficulty for one DS node is ~ 2 Th/s equaling 2.000.000 Mh/s or 55 thousand+ GeForce GTX 1070 / 8 GB GPUs at 35.4 Mh/s. Each DS Block 10 new DS nodes are allowed. And a shard node needs to provide around 8.53 GH/s currently (around 240 GTX 1070s). Dual mining ETH/ETC and ZIL is possible and can be done via mining software such as Phoenix and Claymore. There are pools and if you have large amounts of hashing power (Ethash) available you could mine solo.
 
The PoW cycle of 60 seconds is a peak performance and acts as an entry ticket to the network. The entry ticket is called a sybil resistance mechanism and makes it incredibly hard for adversaries to spawn lots of identities and manipulate the network with these identities. And after every 100 Tx Blocks which corresponds to roughly 1,5 hour this PoW process repeats. In between these 1,5 hour, no PoW needs to be done meaning Zilliqa’s energy consumption to keep the network secure is low. For more detailed information on how mining works click here.
Okay, hats off to you. You have made it this far. Before we go any deeper down the rabbit hole we first must understand why Zilliqa goes through all of the above technicalities and understand a bit more what a blockchain on a more fundamental level is. Because the core of Zilliqa’s consensus protocol relies on the usage of pBFT (practical Byzantine Fault Tolerance) we need to know more about state machines and their function. Navigate to Viewblock, a Zilliqa block explorer, and just come back to this article. We will use this site to navigate through a few concepts.
 
We have established that Zilliqa is a public and distributed blockchain. Meaning that everyone with an internet connection can send ZILs, trigger smart contracts, etc. and there is no central authority who fully controls the network. Zilliqa and other public and distributed blockchains (like Bitcoin and Ethereum) can also be defined as state machines.
 
Taking the liberty of paraphrasing examples and definitions given by Samuel Brooks’ medium article, he describes the definition of a blockchain (like Zilliqa) as: “A peer-to-peer, append-only datastore that uses consensus to synchronize cryptographically-secure data”.
 
Next, he states that: "blockchains are fundamentally systems for managing valid state transitions”. For some more context, I recommend reading the whole medium article to get a better grasp of the definitions and understanding of state machines. Nevertheless, let’s try to simplify and compile it into a single paragraph. Take traffic lights as an example: all its states (red, amber, and green) are predefined, all possible outcomes are known and it doesn’t matter if you encounter the traffic light today or tomorrow. It will still behave the same. Managing the states of a traffic light can be done by triggering a sensor on the road or pushing a button resulting in one traffic lights’ state going from green to red (via amber) and another light from red to green.
 
With public blockchains like Zilliqa, this isn’t so straightforward and simple. It started with block #1 almost 1,5 years ago and every 45 seconds or so a new block linked to the previous block is being added. Resulting in a chain of blocks with transactions in it that everyone can verify from block #1 to the current #647.000+ block. The state is ever changing and the states it can find itself in are infinite. And while the traffic light might work together in tandem with various other traffic lights, it’s rather insignificant comparing it to a public blockchain. Because Zilliqa consists of 2400 nodes who need to work together to achieve consensus on what the latest valid state is while some of these nodes may have latency or broadcast issues, drop offline or are deliberately trying to attack the network, etc.
 
Now go back to the Viewblock page take a look at the amount of transaction, addresses, block and DS height and then hit refresh. Obviously as expected you see new incremented values on one or all parameters. And how did the Zilliqa blockchain manage to transition from a previous valid state to the latest valid state? By using pBFT to reach consensus on the latest valid state.
 
After having obtained the entry ticket, miners execute pBFT to reach consensus on the ever-changing state of the blockchain. pBFT requires a series of network communication between nodes, and as such there is no GPU involved (but CPU). Resulting in the total energy consumed to keep the blockchain secure, decentralized and scalable being low.
 
pBFT stands for practical Byzantine Fault Tolerance and is an optimization on the Byzantine Fault Tolerant algorithm. To quote Blockonomi: “In the context of distributed systems, Byzantine Fault Tolerance is the ability of a distributed computer network to function as desired and correctly reach a sufficient consensus despite malicious components (nodes) of the system failing or propagating incorrect information to other peers.” Zilliqa is such a distributed computer network and depends on the honesty of the nodes (shard and DS) to reach consensus and to continuously update the state with the latest block. If pBFT is a new term for you I can highly recommend the Blockonomi article.
 
The idea of pBFT was introduced in 1999 - one of the authors even won a Turing award for it - and it is well researched and applied in various blockchains and distributed systems nowadays. If you want more advanced information than the Blockonomi link provides click here. And if you’re in between Blockonomi and the University of Singapore read the Zilliqa Design Story Part 2 dating from October 2017.
Quoting from the Zilliqa tech whitepaper: “pBFT relies upon a correct leader (which is randomly selected) to begin each phase and proceed when the sufficient majority exists. In case the leader is byzantine it can stall the entire consensus protocol. To address this challenge, pBFT offers a view change protocol to replace the byzantine leader with another one.”
 
pBFT can tolerate ⅓ of the nodes being dishonest (offline counts as Byzantine = dishonest) and the consensus protocol will function without stalling or hiccups. Once there are more than ⅓ of dishonest nodes but no more than ⅔ the network will be stalled and a view change will be triggered to elect a new DS leader. Only when more than ⅔ of the nodes are dishonest (66%) double-spend attacks become possible.
 
If the network stalls no transactions can be processed and one has to wait until a new honest leader has been elected. When the mainnet was just launched and in its early phases, view changes happened regularly. As of today the last stalling of the network - and view change being triggered - was at the end of October 2019.
 
Another benefit of using pBFT for consensus besides low energy is the immediate finality it provides. Once your transaction is included in a block and the block is added to the chain it’s done. Lastly, take a look at this article where three types of finality are being defined: probabilistic, absolute and economic finality. Zilliqa falls under the absolute finality (just like Tendermint for example). Although lengthy already we skipped through some of the inner workings from Zilliqa’s consensus: read the Zilliqa Design Story Part 3 and you will be close to having a complete picture on it. Enough about PoW, sybil resistance mechanism, pBFT, etc. Another thing we haven’t looked at yet is the amount of decentralization.
 
Decentralisation
 
Currently, there are four shards, each one of them consisting of 600 nodes. 1 shard with 600 so-called DS nodes (Directory Service - they need to achieve a higher difficulty than shard nodes) and 1800 shard nodes of which 250 are shard guards (centralized nodes controlled by the team). The amount of shard guards has been steadily declining from 1200 in January 2019 to 250 as of May 2020. On the Viewblock statistics, you can see that many of the nodes are being located in the US but those are only the (CPU parts of the) shard nodes who perform pBFT. There is no data from where the PoW sources are coming. And when the Zilliqa blockchain starts reaching its transaction capacity limit, a network upgrade needs to be executed to lift the current cap of maximum 2400 nodes to allow more nodes and formation of more shards which will allow to network to keep on scaling according to demand.
Besides shard nodes there are also seed nodes. The main role of seed nodes is to serve as direct access points (for end-users and clients) to the core Zilliqa network that validates transactions. Seed nodes consolidate transaction requests and forward these to the lookup nodes (another type of nodes) for distribution to the shards in the network. Seed nodes also maintain the entire transaction history and the global state of the blockchain which is needed to provide services such as block explorers. Seed nodes in the Zilliqa network are comparable to Infura on Ethereum.
 
The seed nodes were first only operated by Zilliqa themselves, exchanges and Viewblock. Operators of seed nodes like exchanges had no incentive to open them for the greater public. They were centralised at first. Decentralisation at the seed nodes level has been steadily rolled out since March 2020 ( Zilliqa Improvement Proposal 3 ). Currently the amount of seed nodes is being increased, they are public-facing and at the same time PoS is applied to incentivize seed node operators and make it possible for ZIL holders to stake and earn passive yields. Important distinction: seed nodes are not involved with consensus! That is still PoW as entry ticket and pBFT for the actual consensus.
 
5% of the block rewards are being assigned to seed nodes (from the beginning in 2019) and those are being used to pay out ZIL stakers. The 5% block rewards with an annual yield of 10.03% translate to roughly 610 MM ZILs in total that can be staked. Exchanges use the custodial variant of staking and wallets like Moonlet will use the non-custodial version (starting in Q3 2020). Staking is being done by sending ZILs to a smart contract created by Zilliqa and audited by Quantstamp.
 
With a high amount of DS; shard nodes and seed nodes becoming more decentralized too, Zilliqa qualifies for the label of decentralized in my opinion.
 
Smart contracts
 
Let me start by saying I’m not a developer and my programming skills are quite limited. So I‘m taking the ELI5 route (maybe 12) but if you are familiar with Javascript, Solidity or specifically OCaml please head straight to Scilla - read the docs to get a good initial grasp of how Zilliqa’s smart contract language Scilla works and if you ask yourself “why another programming language?” check this article. And if you want to play around with some sample contracts in an IDE click here. The faucet can be found here. And more information on architecture, dapp development and API can be found on the Developer Portal.
If you are more into listening and watching: check this recent webinar explaining Zilliqa and Scilla. Link is time-stamped so you’ll start right away with a platform introduction, roadmap 2020 and afterwards a proper Scilla introduction.
 
Generalized: programming languages can be divided into being ‘object-oriented’ or ‘functional’. Here is an ELI5 given by software development academy: * “all programs have two basic components, data – what the program knows – and behavior – what the program can do with that data. So object-oriented programming states that combining data and related behaviors in one place, is called “object”, which makes it easier to understand how a particular program works. On the other hand, functional programming argues that data and behavior are different things and should be separated to ensure their clarity.” *
 
Scilla is on the functional side and shares similarities with OCaml: OCaml is a general-purpose programming language with an emphasis on expressiveness and safety. It has an advanced type system that helps catch your mistakes without getting in your way. It's used in environments where a single mistake can cost millions and speed matters, is supported by an active community, and has a rich set of libraries and development tools. For all its power, OCaml is also pretty simple, which is one reason it's often used as a teaching language.
 
Scilla is blockchain agnostic, can be implemented onto other blockchains as well, is recognized by academics and won a so-called Distinguished Artifact Award award at the end of last year.
 
One of the reasons why the Zilliqa team decided to create their own programming language focused on preventing smart contract vulnerabilities is that adding logic on a blockchain, programming, means that you cannot afford to make mistakes. Otherwise, it could cost you. It’s all great and fun blockchains being immutable but updating your code because you found a bug isn’t the same as with a regular web application for example. And with smart contracts, it inherently involves cryptocurrencies in some form thus value.
 
Another difference with programming languages on a blockchain is gas. Every transaction you do on a smart contract platform like Zilliqa or Ethereum costs gas. With gas you basically pay for computational costs. Sending a ZIL from address A to address B costs 0.001 ZIL currently. Smart contracts are more complex, often involve various functions and require more gas (if gas is a new concept click here ).
 
So with Scilla, similar to Solidity, you need to make sure that “every function in your smart contract will run as expected without hitting gas limits. An improper resource analysis may lead to situations where funds may get stuck simply because a part of the smart contract code cannot be executed due to gas limits. Such constraints are not present in traditional software systems”. Scilla design story part 1
 
Some examples of smart contract issues you’d want to avoid are: leaking funds, ‘unexpected changes to critical state variables’ (example: someone other than you setting his or her address as the owner of the smart contract after creation) or simply killing a contract.
 
Scilla also allows for formal verification. Wikipedia to the rescue: In the context of hardware and software systems, formal verification is the act of proving or disproving the correctness of intended algorithms underlying a system with respect to a certain formal specification or property, using formal methods of mathematics.
 
Formal verification can be helpful in proving the correctness of systems such as: cryptographic protocols, combinational circuits, digital circuits with internal memory, and software expressed as source code.
 
Scilla is being developed hand-in-hand with formalization of its semantics and its embedding into the Coq proof assistant — a state-of-the art tool for mechanized proofs about properties of programs.”
 
Simply put, with Scilla and accompanying tooling developers can be mathematically sure and proof that the smart contract they’ve written does what he or she intends it to do.
 
Smart contract on a sharded environment and state sharding
 
There is one more topic I’d like to touch on: smart contract execution in a sharded environment (and what is the effect of state sharding). This is a complex topic. I’m not able to explain it any easier than what is posted here. But I will try to compress the post into something easy to digest.
 
Earlier on we have established that Zilliqa can process transactions in parallel due to network sharding. This is where the linear scalability comes from. We can define simple transactions: a transaction from address A to B (Category 1), a transaction where a user interacts with one smart contract (Category 2) and the most complex ones where triggering a transaction results in multiple smart contracts being involved (Category 3). The shards are able to process transactions on their own without interference of the other shards. With Category 1 transactions that is doable, with Category 2 transactions sometimes if that address is in the same shard as the smart contract but with Category 3 you definitely need communication between the shards. Solving that requires to make a set of communication rules the protocol needs to follow in order to process all transactions in a generalised fashion.
 
And this is where the downsides of state sharding comes in currently. All shards in Zilliqa have access to the complete state. Yes the state size (0.1 GB at the moment) grows and all of the nodes need to store it but it also means that they don’t need to shop around for information available on other shards. Requiring more communication and adding more complexity. Computer science knowledge and/or developer knowledge required links if you want to dig further: Scilla - language grammar Scilla - Foundations for Verifiable Decentralised Computations on a Blockchain Gas Accounting NUS x Zilliqa: Smart contract language workshop
 
Easier to follow links on programming Scilla https://learnscilla.com/home Ivan on Tech
 
Roadmap / Zilliqa 2.0
 
There is no strict defined roadmap but here are topics being worked on. And via the Zilliqa website there is also more information on the projects they are working on.
 
Business & Partnerships
 
It’s not only technology in which Zilliqa seems to be excelling as their ecosystem has been expanding and starting to grow rapidly. The project is on a mission to provide OpenFinance (OpFi) to the world and Singapore is the right place to be due to its progressive regulations and futuristic thinking. Singapore has taken a proactive approach towards cryptocurrencies by introducing the Payment Services Act 2019 (PS Act). Among other things, the PS Act will regulate intermediaries dealing with certain cryptocurrencies, with a particular focus on consumer protection and anti-money laundering. It will also provide a stable regulatory licensing and operating framework for cryptocurrency entities, effectively covering all crypto businesses and exchanges based in Singapore. According to PWC 82% of the surveyed executives in Singapore reported blockchain initiatives underway and 13% of them have already brought the initiatives live to the market. There is also an increasing list of organizations that are starting to provide digital payment services. Moreover, Singaporean blockchain developers Building Cities Beyond has recently created an innovation $15 million grant to encourage development on its ecosystem. This all suggests that Singapore tries to position itself as (one of) the leading blockchain hubs in the world.
 
Zilliqa seems to already take advantage of this and recently helped launch Hg Exchange on their platform, together with financial institutions PhillipCapital, PrimePartners and Fundnel. Hg Exchange, which is now approved by the Monetary Authority of Singapore (MAS), uses smart contracts to represent digital assets. Through Hg Exchange financial institutions worldwide can use Zilliqa's safe-by-design smart contracts to enable the trading of private equities. For example, think of companies such as Grab, Airbnb, SpaceX that are not available for public trading right now. Hg Exchange will allow investors to buy shares of private companies & unicorns and capture their value before an IPO. Anquan, the main company behind Zilliqa, has also recently announced that they became a partner and shareholder in TEN31 Bank, which is a fully regulated bank allowing for tokenization of assets and is aiming to bridge the gap between conventional banking and the blockchain world. If STOs, the tokenization of assets, and equity trading will continue to increase, then Zilliqa’s public blockchain would be the ideal candidate due to its strategic positioning, partnerships, regulatory compliance and the technology that is being built on top of it.
 
What is also very encouraging is their focus on banking the un(der)banked. They are launching a stablecoin basket starting with XSGD. As many of you know, stablecoins are currently mostly used for trading. However, Zilliqa is actively trying to broaden the use case of stablecoins. I recommend everybody to read this text that Amrit Kumar wrote (one of the co-founders). These stablecoins will be integrated in the traditional markets and bridge the gap between the crypto world and the traditional world. This could potentially revolutionize and legitimise the crypto space if retailers and companies will for example start to use stablecoins for payments or remittances, instead of it solely being used for trading.
 
Zilliqa also released their DeFi strategic roadmap (dating November 2019) which seems to be aligning well with their OpFi strategy. A non-custodial DEX is coming to Zilliqa made by Switcheo which allows cross-chain trading (atomic swaps) between ETH, EOS and ZIL based tokens. They also signed a Memorandum of Understanding for a (soon to be announced) USD stablecoin. And as Zilliqa is all about regulations and being compliant, I’m speculating on it to be a regulated USD stablecoin. Furthermore, XSGD is already created and visible on block explorer and XIDR (Indonesian Stablecoin) is also coming soon via StraitsX. Here also an overview of the Tech Stack for Financial Applications from September 2019. Further quoting Amrit Kumar on this:
 
There are two basic building blocks in DeFi/OpFi though: 1) stablecoins as you need a non-volatile currency to get access to this market and 2) a dex to be able to trade all these financial assets. The rest are built on top of these blocks.
 
So far, together with our partners and community, we have worked on developing these building blocks with XSGD as a stablecoin. We are working on bringing a USD-backed stablecoin as well. We will soon have a decentralised exchange developed by Switcheo. And with HGX going live, we are also venturing into the tokenization space. More to come in the future.”
 
Additionally, they also have this ZILHive initiative that injects capital into projects. There have been already 6 waves of various teams working on infrastructure, innovation and research, and they are not from ASEAN or Singapore only but global: see Grantees breakdown by country. Over 60 project teams from over 20 countries have contributed to Zilliqa's ecosystem. This includes individuals and teams developing wallets, explorers, developer toolkits, smart contract testing frameworks, dapps, etc. As some of you may know, Unstoppable Domains (UD) blew up when they launched on Zilliqa. UD aims to replace cryptocurrency addresses with a human-readable name and allows for uncensorable websites. Zilliqa will probably be the only one able to handle all these transactions onchain due to ability to scale and its resulting low fees which is why the UD team launched this on Zilliqa in the first place. Furthermore, Zilliqa also has a strong emphasis on security, compliance, and privacy, which is why they partnered with companies like Elliptic, ChainSecurity (part of PwC Switzerland), and Incognito. Their sister company Aqilliz (Zilliqa spelled backwards) focuses on revolutionizing the digital advertising space and is doing interesting things like using Zilliqa to track outdoor digital ads with companies like Foodpanda.
 
Zilliqa is listed on nearly all major exchanges, having several different fiat-gateways and recently have been added to Binance’s margin trading and futures trading with really good volume. They also have a very impressive team with good credentials and experience. They don't just have “tech people”. They have a mix of tech people, business people, marketeers, scientists, and more. Naturally, it's good to have a mix of people with different skill sets if you work in the crypto space.
 
Marketing & Community
 
Zilliqa has a very strong community. If you just follow their Twitter their engagement is much higher for a coin that has approximately 80k followers. They also have been ‘coin of the day’ by LunarCrush many times. LunarCrush tracks real-time cryptocurrency value and social data. According to their data, it seems Zilliqa has a more fundamental and deeper understanding of marketing and community engagement than almost all other coins. While almost all coins have been a bit frozen in the last months, Zilliqa seems to be on its own bull run. It was somewhere in the 100s a few months ago and is currently ranked #46 on CoinGecko. Their official Telegram also has over 20k people and is very active, and their community channel which is over 7k now is more active and larger than many other official channels. Their local communities also seem to be growing.
 
Moreover, their community started ‘Zillacracy’ together with the Zilliqa core team ( see www.zillacracy.com ). It’s a community-run initiative where people from all over the world are now helping with marketing and development on Zilliqa. Since its launch in February 2020 they have been doing a lot and will also run their own non-custodial seed node for staking. This seed node will also allow them to start generating revenue for them to become a self sustaining entity that could potentially scale up to become a decentralized company working in parallel with the Zilliqa core team. Comparing it to all the other smart contract platforms (e.g. Cardano, EOS, Tezos etc.) they don't seem to have started a similar initiative (correct me if I’m wrong though). This suggests in my opinion that these other smart contract platforms do not fully understand how to utilize the ‘power of the community’. This is something you cannot ‘buy with money’ and gives many projects in the space a disadvantage.
 
Zilliqa also released two social products called SocialPay and Zeeves. SocialPay allows users to earn ZILs while tweeting with a specific hashtag. They have recently used it in partnership with the Singapore Red Cross for a marketing campaign after their initial pilot program. It seems like a very valuable social product with a good use case. I can see a lot of traditional companies entering the space through this product, which they seem to suggest will happen. Tokenizing hashtags with smart contracts to get network effect is a very smart and innovative idea.
 
Regarding Zeeves, this is a tipping bot for Telegram. They already have 1000s of signups and they plan to keep upgrading it for more and more people to use it (e.g. they recently have added a quiz features). They also use it during AMAs to reward people in real-time. It’s a very smart approach to grow their communities and get familiar with ZIL. I can see this becoming very big on Telegram. This tool suggests, again, that the Zilliqa team has a deeper understanding of what the crypto space and community needs and is good at finding the right innovative tools to grow and scale.
 
To be honest, I haven’t covered everything (i’m also reaching the character limited haha). So many updates happening lately that it's hard to keep up, such as the International Monetary Fund mentioning Zilliqa in their report, custodial and non-custodial Staking, Binance Margin, Futures, Widget, entering the Indian market, and more. The Head of Marketing Colin Miles has also released this as an overview of what is coming next. And last but not least, Vitalik Buterin has been mentioning Zilliqa lately acknowledging Zilliqa and mentioning that both projects have a lot of room to grow. There is much more info of course and a good part of it has been served to you on a silver platter. I invite you to continue researching by yourself :-) And if you have any comments or questions please post here!
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Weekly Update: Parachute Friday Chat, Happy Birthday TTR, WEDClub usable everyday, Hydro No-Code PFM App... – 13 Mar - 19 Mar'20

Weekly Update: Parachute Friday Chat, Happy Birthday TTR, WEDClub usable everyday, Hydro No-Code PFM App... – 13 Mar - 19 Mar'20
Hi everyone! Hope everyone’s doing well in their homes. As you shelter yourself from COVID-19, what better way to spend a few hours than catching up on another week at Parachute + partners (13 Mar - 19 Mar'20):

Cap started off the week with the first ever Friday Chat – a weekly discussion event to be held each Friday on a current topic. This week we talked about Bitcoin in light of the recent dip and 41% people being in the money (47% are out of the money) wrt $BTC. Foo hosted his first ever Parena. And it was super fun! In the latest #FPL update shared by LordHades, Alexis leads the charts with 1692 points followed by LH at 1688 and NovelCloud at 1668. I’m Clueless (Joakim) and 3, 2, 1 Lindelof (Chris) have been closing in to top 3 steadily as well. Bose’s Friday TTR Trivia had 1k $PAquestion in prizes. Alejandro hosted a gun mode CoD Mobile flash game in the War Zone this week for some cool $PAR prizes. Victor hosted an “easy” trivia in TTR. Charlotte hosted another quiz for a 10k $PAR prize pot. Plus, the Tiproom turned a year old this week. To celebrate the occasion, Doc Vic hosted a photography contest. Followed by a TTR birthday Parena MC’ed by Foo as well. For Two-For-Tuesday this week, Gian made it a free4all. No fixed theme. Thank you for keeping the playlist updated again Sebastian. GC closed off 2FT with a flash game. And if all the Coronavirus news has you feeling down, Clinton has been spreading positivity through some good news that’s been going around as well. Just look up “#goodnewsclint” in the Parachute channel. For #wholesomewed this week, Parachuters talked about how they would use USD 100k to help the maximum number of people.
Wicked good artwork by Amaan in light of the beating that crypto took recently
In aXpire news, Matthew published a blog post on trends in legal billing software. The latest update video talks about aXpire’s COVID-19 preparedness amongst other weekly news. Track this week’s $AXPR burn here. WednesdayClub (a project of WednesdayCoin) was opened up for everyday use to help folks stuck at home to earn some crypto. Sadly the coronavirus crisis saw 2gether crew fighting a different category of fires. Crypto transfers had to be briefly paused because of sluggish traffic on the BTC blockchain. This was subsequently resolved as well but with a purchase limit for the time being. Like last week, the purchase feature had to be temporarily disabled but was restored soon. To address all doubts, especially in light of the current pandemic situation, CEO Ramon Ferraz wrote an announcement post to explain updates on the platform. The support channels will continue to remain open to redress all grievances. If you’ve missed the last 2 weeks at Fantom, don’t forget to read the consolidated update. The project announced a partnership with Band Protocol to use their oracles on the Opera mainnet. Want to see some latest stats on how the Uptrennd platform has been faring? Luke has got your back. He compiled some figures and put them out in an article. A new community dedicated to Coronavirus was added to Uptrennd. Plus, the crew opened up another public vote to choose the next project for a free review + marketing package on the platform. For the latest Weekly and Dev Update from District0x, click here and here respectively.
More insights from 2gether’s report on female crypto users
To help track possible Coronavirus infections, Silent Notary has built a solution using IDL and Ubikiri. Unstoppable Domains is now available in OST’s Pepo Store. As a follow up to the first part on SelfKey’s expansion strategy in the identity management space (shared a few weeks back), the second part was published this week. Zipmex joined SelfKey’s exchange marketplace. If you want to survive a data breach, don’t forget to read the guide made by the $KEY crew. Constellation Co-Founder and CRO Benjamin Diggles shared an update on the project’s progress in the Dcode accelerator and other government efforts. In his interview with CYT-Crypto, CEO Benjamin Jorgensen talked about the importance of community. Yazom founder Sanje Witter wrote about COVID-19 (origin, structure, prevention etc.) in his latest article. Did you know that Pynk’s Rose AI was correctly able to correctly predict the recent market crash? How did it do that? Two words: Crowd Wisdom. Read all about it here. In this week’s Harmony live video, CEO Stephen Tse and COO Li Jiang talked about the project development vis-à-vis COVID-19. For the weekly #pow thread, click here. Plus, last week’s video update is out as well. The team also started a Harmony Validator Spotlight series this week to highlight validators helping secure Harmony. Everstake became a Harmony staking partner. Pangaea Phase 2 (which is Pt. III or IV) was launched. Still not sure how to delegate your $ONE tokens for staking by validators. Watch this video demo to learn. And hope you didn’t miss the community hangout.
Sentivate’s latest roadmap update
In addition to integrations from past few weeks, Hydro also integrated aggregation software Yodlee and financial data provider Xignite to its platform. Is your head spinning from all these integrations? The crew made it is simple with an explainer about its middleware APIs. Hydrogen also launched a new No-Code personal financial management (PFM) app. Have a look! Biz Dev Mark Anstead was at the Milwaukee Blockchain Conference this week to speak about Barriers to Adoption. For an early sneak peek into the Hydro Vault, click here. Intellishare founder Raymond Xiong sat down for an AMA with the community this week. Click here to read the transcript. Global Crypto Alliance’s $CALL token was listed on StakeSwap this week. $COTI stakers can now claim their rewards directly from the mainnet wallet. If you missed COTI’s Tech AMA last week, you can catch up on the transcript here. DoYourTip’s $DYT token was added to Uniswap this week. The crew also announced a bounty for doing some swaps over there. For the latest update report, click here.

And with that, it’s a wrap! See you again with another update. Ciao!
submitted by abhijoysarkar to ParachuteToken [link] [comments]

Why i’m bullish on Zilliqa (long read)

Hey all, I've been researching coins since 2017 and have gone through 100s of them in the last 3 years. I got introduced to blockchain via Bitcoin of course, analysed Ethereum thereafter and from that moment I have a keen interest in smart contact platforms. I’m passionate about Ethereum but I find Zilliqa to have a better risk reward ratio. Especially because Zilliqa has found an elegant balance between being secure, decentralised and scalable in my opinion.
 
Below I post my analysis why from all the coins I went through I’m most bullish on Zilliqa (yes I went through Tezos, EOS, NEO, VeChain, Harmony, Algorand, Cardano etc.). Note that this is not investment advice and although it's a thorough analysis there is obviously some bias involved. Looking forward to what you all think!
 
Fun fact: the name Zilliqa is a play on ‘silica’ silicon dioxide which means “Silicon for the high-throughput consensus computer.”
 
This post is divided into (i) Technology, (ii) Business & Partnerships, and (iii) Marketing & Community. I’ve tried to make the technology part readable for a broad audience. If you’ve ever tried understanding the inner workings of Bitcoin and Ethereum you should be able to grasp most parts. Otherwise just skim through and once you are zoning out head to the next part.
 
Technology and some more:
 
Introduction The technology is one of the main reasons why I’m so bullish on Zilliqa. First thing you see on their website is: “Zilliqa is a high-performance, high-security blockchain platform for enterprises and next-generation applications.” These are some bold statements.
 
Before we deep dive into the technology let’s take a step back in time first as they have quite the history. The initial research paper from which Zilliqa originated dates back to August 2016: Elastico: A Secure Sharding Protocol For Open Blockchains where Loi Luu (Kyber Network) is one of the co-authors. Other ideas that led to the development of what Zilliqa has become today are: Bitcoin-NG, collective signing CoSi, ByzCoin and Omniledger.
 
The technical white paper was made public in August 2017 and since then they have achieved everything stated in the white paper and also created their own open source intermediate level smart contract language called Scilla (functional programming language similar to OCaml) too.
 
Mainnet is live since end of January 2019 with daily transaction rate growing continuously. About a week ago mainnet reached 5 million transactions, 500.000+ addresses in total along with 2400 nodes keeping the network decentralised and secure. Circulating supply is nearing 11 billion and currently only mining rewards are left. Maximum supply is 21 billion with annual inflation being 7.13% currently and will only decrease with time.
 
Zilliqa realised early on that the usage of public cryptocurrencies and smart contracts were increasing but decentralised, secure and scalable alternatives were lacking in the crypto space. They proposed to apply sharding onto a public smart contract blockchain where the transaction rate increases almost linear with the increase in amount of nodes. More nodes = higher transaction throughput and increased decentralisation. Sharding comes in many forms and Zilliqa uses network-, transaction- and computational sharding. Network sharding opens up the possibility of using transaction- and computational sharding on top. Zilliqa does not use state sharding for now. We’ll come back to this later.
 
Before we continue disecting how Zilliqa achieves such from a technological standpoint it’s good to keep in mind that a blockchain being decentralised and secure and scalable is still one of the main hurdles in allowing widespread usage of decentralised networks. In my opinion this needs to be solved first before blockchains can get to the point where they can create and add large scale value. So I invite you to read the next section to grasp the underlying fundamentals. Because after all these premises need to be true otherwise there isn’t a fundamental case to be bullish on Zilliqa, right?
 
Down the rabbit hole
 
How have they achieved this? Let’s define the basics first: key players on Zilliqa are the users and the miners. A user is anybody who uses the blockchain to transfer funds or run smart contracts. Miners are the (shard) nodes in the network who run the consensus protocol and get rewarded for their service in Zillings (ZIL). The mining network is divided into several smaller networks called shards, which is also referred to as ‘network sharding’. Miners subsequently are randomly assigned to a shard by another set of miners called DS (Directory Service) nodes. The regular shards process transactions and the outputs of these shards are eventually combined by the DS shard as they reach consensus on the final state. More on how these DS shards reach consensus (via pBFT) will be explained later on.
 
The Zilliqa network produces two types of blocks: DS blocks and Tx blocks. One DS Block consists of 100 Tx Blocks. And as previously mentioned there are two types of nodes concerned with reaching consensus: shard nodes and DS nodes. Becoming a shard node or DS node is being defined by the result of a PoW cycle (Ethash) at the beginning of the DS Block. All candidate mining nodes compete with each other and run the PoW (Proof-of-Work) cycle for 60 seconds and the submissions achieving the highest difficulty will be allowed on the network. And to put it in perspective: the average difficulty for one DS node is ~ 2 Th/s equaling 2.000.000 Mh/s or 55 thousand+ GeForce GTX 1070 / 8 GB GPUs at 35.4 Mh/s. Each DS Block 10 new DS nodes are allowed. And a shard node needs to provide around 8.53 GH/s currently (around 240 GTX 1070s). Dual mining ETH/ETC and ZIL is possible and can be done via mining software such as Phoenix and Claymore. There are pools and if you have large amounts of hashing power (Ethash) available you could mine solo.
 
The PoW cycle of 60 seconds is a peak performance and acts as an entry ticket to the network. The entry ticket is called a sybil resistance mechanism and makes it incredibly hard for adversaries to spawn lots of identities and manipulate the network with these identities. And after every 100 Tx Blocks which corresponds to roughly 1,5 hour this PoW process repeats. In between these 1,5 hour no PoW needs to be done meaning Zilliqa’s energy consumption to keep the network secure is low. For more detailed information on how mining works click here.
Okay, hats off to you. You have made it this far. Before we go any deeper down the rabbit hole we first must understand why Zilliqa goes through all of the above technicalities and understand a bit more what a blockchain on a more fundamental level is. Because the core of Zilliqa’s consensus protocol relies on the usage of pBFT (practical Byzantine Fault Tolerance) we need to know more about state machines and their function. Navigate to Viewblock, a Zilliqa block explorer, and just come back to this article. We will use this site to navigate through a few concepts.
 
We have established that Zilliqa is a public and distributed blockchain. Meaning that everyone with an internet connection can send ZILs, trigger smart contracts etc. and there is no central authority who fully controls the network. Zilliqa and other public and distributed blockchains (like Bitcoin and Ethereum) can also be defined as state machines.
 
Taking the liberty of paraphrasing examples and definitions given by Samuel Brooks’ medium article, he describes the definition of a blockchain (like Zilliqa) as:
“A peer-to-peer, append-only datastore that uses consensus to synchronise cryptographically-secure data”.
 
Next he states that: >“blockchains are fundamentally systems for managing valid state transitions”.* For some more context, I recommend reading the whole medium article to get a better grasp of the definitions and understanding of state machines. Nevertheless, let’s try to simplify and compile it into a single paragraph. Take traffic lights as an example: all its states (red, amber and green) are predefined, all possible outcomes are known and it doesn’t matter if you encounter the traffic light today or tomorrow. It will still behave the same. Managing the states of a traffic light can be done by triggering a sensor on the road or pushing a button resulting in one traffic lights’ state going from green to red (via amber) and another light from red to green.
 
With public blockchains like Zilliqa this isn’t so straightforward and simple. It started with block #1 almost 1,5 years ago and every 45 seconds or so a new block linked to the previous block is being added. Resulting in a chain of blocks with transactions in it that everyone can verify from block #1 to the current #647.000+ block. The state is ever changing and the states it can find itself in are infinite. And while the traffic light might work together in tandem with various other traffic lights, it’s rather insignificant comparing it to a public blockchain. Because Zilliqa consists of 2400 nodes who need to work together to achieve consensus on what the latest valid state is while some of these nodes may have latency or broadcast issues, drop offline or are deliberately trying to attack the network etc.
 
Now go back to the Viewblock page take a look at the amount of transaction, addresses, block and DS height and then hit refresh. Obviously as expected you see new incremented values on one or all parameters. And how did the Zilliqa blockchain manage to transition from a previous valid state to the latest valid state? By using pBFT to reach consensus on the latest valid state.
 
After having obtained the entry ticket, miners execute pBFT to reach consensus on the ever changing state of the blockchain. pBFT requires a series of network communication between nodes, and as such there is no GPU involved (but CPU). Resulting in the total energy consumed to keep the blockchain secure, decentralised and scalable being low.
 
pBFT stands for practical Byzantine Fault Tolerance and is an optimisation on the Byzantine Fault Tolerant algorithm. To quote Blockonomi: “In the context of distributed systems, Byzantine Fault Tolerance is the ability of a distributed computer network to function as desired and correctly reach a sufficient consensus despite malicious components (nodes) of the system failing or propagating incorrect information to other peers.” Zilliqa is such a distributed computer network and depends on the honesty of the nodes (shard and DS) to reach consensus and to continuously update the state with the latest block. If pBFT is a new term for you I can highly recommend the Blockonomi article.
 
The idea of pBFT was introduced in 1999 - one of the authors even won a Turing award for it - and it is well researched and applied in various blockchains and distributed systems nowadays. If you want more advanced information than the Blockonomi link provides click here. And if you’re in between Blockonomi and University of Singapore read the Zilliqa Design Story Part 2 dating from October 2017.
Quoting from the Zilliqa tech whitepaper: “pBFT relies upon a correct leader (which is randomly selected) to begin each phase and proceed when the sufficient majority exists. In case the leader is byzantine it can stall the entire consensus protocol. To address this challenge, pBFT offers a view change protocol to replace the byzantine leader with another one.”
 
pBFT can tolerate ⅓ of the nodes being dishonest (offline counts as Byzantine = dishonest) and the consensus protocol will function without stalling or hiccups. Once there are more than ⅓ of dishonest nodes but no more than ⅔ the network will be stalled and a view change will be triggered to elect a new DS leader. Only when more than ⅔ of the nodes are dishonest (>66%) double spend attacks become possible.
 
If the network stalls no transactions can be processed and one has to wait until a new honest leader has been elected. When the mainnet was just launched and in its early phases, view changes happened regularly. As of today the last stalling of the network - and view change being triggered - was at the end of October 2019.
 
Another benefit of using pBFT for consensus besides low energy is the immediate finality it provides. Once your transaction is included in a block and the block is added to the chain it’s done. Lastly, take a look at this article where three types of finality are being defined: probabilistic, absolute and economic finality. Zilliqa falls under the absolute finality (just like Tendermint for example). Although lengthy already we skipped through some of the inner workings from Zilliqa’s consensus: read the Zilliqa Design Story Part 3 and you will be close to having a complete picture on it. Enough about PoW, sybil resistance mechanism, pBFT etc. Another thing we haven’t looked at yet is the amount of decentralisation.
 
Decentralisation
 
Currently there are four shards, each one of them consisting of 600 nodes. 1 shard with 600 so called DS nodes (Directory Service - they need to achieve a higher difficulty than shard nodes) and 1800 shard nodes of which 250 are shard guards (centralised nodes controlled by the team). The amount of shard guards has been steadily declining from 1200 in January 2019 to 250 as of May 2020. On the Viewblock statistics you can see that many of the nodes are being located in the US but those are only the (CPU parts of the) shard nodes who perform pBFT. There is no data from where the PoW sources are coming. And when the Zilliqa blockchain starts reaching their transaction capacity limit, a network upgrade needs to be executed to lift the current cap of maximum 2400 nodes to allow more nodes and formation of more shards which will allow to network to keep on scaling according to demand.
Besides shard nodes there are also seed nodes. The main role of seed nodes is to serve as direct access points (for end users and clients) to the core Zilliqa network that validates transactions. Seed nodes consolidate transaction requests and forward these to the lookup nodes (another type of nodes) for distribution to the shards in the network. Seed nodes also maintain the entire transaction history and the global state of the blockchain which is needed to provide services such as block explorers. Seed nodes in the Zilliqa network are comparable to Infura on Ethereum.
 
The seed nodes were first only operated by Zilliqa themselves, exchanges and Viewblock. Operators of seed nodes like exchanges had no incentive to open them for the greater public.They were centralised at first. Decentralisation at the seed nodes level has been steadily rolled out since March 2020 ( Zilliqa Improvement Proposal 3 ). Currently the amount of seed nodes is being increased, they are public facing and at the same time PoS is applied to incentivize seed node operators and make it possible for ZIL holders to stake and earn passive yields. Important distinction: seed nodes are not involved with consensus! That is still PoW as entry ticket and pBFT for the actual consensus.
 
5% of the block rewards are being assigned to seed nodes (from the beginning in 2019) and those are being used to pay out ZIL stakers.The 5% block rewards with an annual yield of 10.03% translates to roughly 610 MM ZILs in total that can be staked. Exchanges use the custodial variant of staking and wallets like Moonlet will use the non custodial version (starting in Q3 2020). Staking is being done by sending ZILs to a smart contract created by Zilliqa and audited by Quantstamp.
 
With a high amount of DS & shard nodes and seed nodes becoming more decentralised too, Zilliqa qualifies for the label of decentralised in my opinion.
 
Smart contracts
 
Let me start by saying I’m not a developer and my programming skills are quite limited. So I‘m taking the ELI5 route (maybe 12) but if you are familiar with Javascript, Solidity or specifically OCaml please head straight to Scilla - read the docs to get a good initial grasp of how Zilliqa’s smart contract language Scilla works and if you ask yourself “why another programming language?” check this article. And if you want to play around with some sample contracts in an IDE click here. Faucet can be found here. And more information on architecture, dapp development and API can be found on the Developer Portal.
If you are more into listening and watching: check this recent webinar explaining Zilliqa and Scilla. Link is time stamped so you’ll start right away with a platform introduction, R&D roadmap 2020 and afterwards a proper Scilla introduction.
 
Generalised: programming languages can be divided into being ‘object oriented’ or ‘functional’. Here is an ELI5 given by software development academy: > “all programmes have two basic components, data – what the programme knows – and behaviour – what the programme can do with that data. So object-oriented programming states that combining data and related behaviours in one place, is called “object”, which makes it easier to understand how a particular program works. On the other hand, functional programming argues that data and behaviour are different things and should be separated to ensure their clarity.”
 
Scilla is on the functional side and shares similarities with OCaml: > OCaml is a general purpose programming language with an emphasis on expressiveness and safety. It has an advanced type system that helps catch your mistakes without getting in your way. It's used in environments where a single mistake can cost millions and speed matters, is supported by an active community, and has a rich set of libraries and development tools. For all its power, OCaml is also pretty simple, which is one reason it's often used as a teaching language.
 
Scilla is blockchain agnostic, can be implemented onto other blockchains as well, is recognised by academics and won a so called Distinguished Artifact Award award at the end of last year.
 
One of the reasons why the Zilliqa team decided to create their own programming language focused on preventing smart contract vulnerabilities safety is that adding logic on a blockchain, programming, means that you cannot afford to make mistakes. Otherwise it could cost you. It’s all great and fun blockchains being immutable but updating your code because you found a bug isn’t the same as with a regular web application for example. And with smart contracts it inherently involves cryptocurrencies in some form thus value.
 
Another difference with programming languages on a blockchain is gas. Every transaction you do on a smart contract platform like Zilliqa for Ethereum costs gas. With gas you basically pay for computational costs. Sending a ZIL from address A to address B costs 0.001 ZIL currently. Smart contracts are more complex, often involve various functions and require more gas (if gas is a new concept click here ).
 
So with Scilla, similar to Solidity, you need to make sure that “every function in your smart contract will run as expected without hitting gas limits. An improper resource analysis may lead to situations where funds may get stuck simply because a part of the smart contract code cannot be executed due to gas limits. Such constraints are not present in traditional software systems”. Scilla design story part 1
 
Some examples of smart contract issues you’d want to avoid are: leaking funds, ‘unexpected changes to critical state variables’ (example: someone other than you setting his or her address as the owner of the smart contract after creation) or simply killing a contract.
 
Scilla also allows for formal verification. Wikipedia to the rescue:
In the context of hardware and software systems, formal verification is the act of proving or disproving the correctness of intended algorithms underlying a system with respect to a certain formal specification or property, using formal methods of mathematics.
 
Formal verification can be helpful in proving the correctness of systems such as: cryptographic protocols, combinational circuits, digital circuits with internal memory, and software expressed as source code.
 
Scilla is being developed hand-in-hand with formalization of its semantics and its embedding into the Coq proof assistant — a state-of-the art tool for mechanized proofs about properties of programs.”
 
Simply put, with Scilla and accompanying tooling developers can be mathematically sure and proof that the smart contract they’ve written does what he or she intends it to do.
 
Smart contract on a sharded environment and state sharding
 
There is one more topic I’d like to touch on: smart contract execution in a sharded environment (and what is the effect of state sharding). This is a complex topic. I’m not able to explain it any easier than what is posted here. But I will try to compress the post into something easy to digest.
 
Earlier on we have established that Zilliqa can process transactions in parallel due to network sharding. This is where the linear scalability comes from. We can define simple transactions: a transaction from address A to B (Category 1), a transaction where a user interacts with one smart contract (Category 2) and the most complex ones where triggering a transaction results in multiple smart contracts being involved (Category 3). The shards are able to process transactions on their own without interference of the other shards. With Category 1 transactions that is doable, with Category 2 transactions sometimes if that address is in the same shard as the smart contract but with Category 3 you definitely need communication between the shards. Solving that requires to make a set of communication rules the protocol needs to follow in order to process all transactions in a generalised fashion.
 
And this is where the downsides of state sharding comes in currently. All shards in Zilliqa have access to the complete state. Yes the state size (0.1 GB at the moment) grows and all of the nodes need to store it but it also means that they don’t need to shop around for information available on other shards. Requiring more communication and adding more complexity. Computer science knowledge and/or developer knowledge required links if you want to dig further: Scilla - language grammar Scilla - Foundations for Verifiable Decentralised Computations on a Blockchain Gas Accounting NUS x Zilliqa: Smart contract language workshop
 
Easier to follow links on programming Scilla https://learnscilla.com/home Ivan on Tech
 
Roadmap / Zilliqa 2.0
 
There is no strict defined roadmap but here are topics being worked on. And via the Zilliqa website there is also more information on the projects they are working on.
 
Business & Partnerships  
It’s not only technology in which Zilliqa seems to be excelling as their ecosystem has been expanding and starting to grow rapidly. The project is on a mission to provide OpenFinance (OpFi) to the world and Singapore is the right place to be due to its progressive regulations and futuristic thinking. Singapore has taken a proactive approach towards cryptocurrencies by introducing the Payment Services Act 2019 (PS Act). Among other things, the PS Act will regulate intermediaries dealing with certain cryptocurrencies, with a particular focus on consumer protection and anti-money laundering. It will also provide a stable regulatory licensing and operating framework for cryptocurrency entities, effectively covering all crypto businesses and exchanges based in Singapore. According to PWC 82% of the surveyed executives in Singapore reported blockchain initiatives underway and 13% of them have already brought the initiatives live to the market. There is also an increasing list of organisations that are starting to provide digital payment services. Moreover, Singaporean blockchain developers Building Cities Beyond has recently created an innovation $15 million grant to encourage development on its ecosystem. This all suggest that Singapore tries to position itself as (one of) the leading blockchain hubs in the world.
 
Zilliqa seems to already taking advantage of this and recently helped launch Hg Exchange on their platform, together with financial institutions PhillipCapital, PrimePartners and Fundnel. Hg Exchange, which is now approved by the Monetary Authority of Singapore (MAS), uses smart contracts to represent digital assets. Through Hg Exchange financial institutions worldwide can use Zilliqa's safe-by-design smart contracts to enable the trading of private equities. For example, think of companies such as Grab, AirBnB, SpaceX that are not available for public trading right now. Hg Exchange will allow investors to buy shares of private companies & unicorns and capture their value before an IPO. Anquan, the main company behind Zilliqa, has also recently announced that they became a partner and shareholder in TEN31 Bank, which is a fully regulated bank allowing for tokenization of assets and is aiming to bridge the gap between conventional banking and the blockchain world. If STOs, the tokenization of assets, and equity trading will continue to increase, then Zilliqa’s public blockchain would be the ideal candidate due to its strategic positioning, partnerships, regulatory compliance and the technology that is being built on top of it.
 
What is also very encouraging is their focus on banking the un(der)banked. They are launching a stablecoin basket starting with XSGD. As many of you know, stablecoins are currently mostly used for trading. However, Zilliqa is actively trying to broaden the use case of stablecoins. I recommend everybody to read this text that Amrit Kumar wrote (one of the co-founders). These stablecoins will be integrated in the traditional markets and bridge the gap between the crypto world and the traditional world. This could potentially revolutionize and legitimise the crypto space if retailers and companies will for example start to use stablecoins for payments or remittances, instead of it solely being used for trading.
 
Zilliqa also released their DeFi strategic roadmap (dating November 2019) which seems to be aligning well with their OpFi strategy. A non-custodial DEX is coming to Zilliqa made by Switcheo which allows cross-chain trading (atomic swaps) between ETH, EOS and ZIL based tokens. They also signed a Memorandum of Understanding for a (soon to be announced) USD stablecoin. And as Zilliqa is all about regulations and being compliant, I’m speculating on it to be a regulated USD stablecoin. Furthermore, XSGD is already created and visible on block explorer and XIDR (Indonesian Stablecoin) is also coming soon via StraitsX. Here also an overview of the Tech Stack for Financial Applications from September 2019. Further quoting Amrit Kumar on this:
 
There are two basic building blocks in DeFi/OpFi though: 1) stablecoins as you need a non-volatile currency to get access to this market and 2) a dex to be able to trade all these financial assets. The rest are build on top of these blocks.
 
So far, together with our partners and community, we have worked on developing these building blocks with XSGD as a stablecoin. We are working on bringing a USD-backed stablecoin as well. We will soon have a decentralised exchange developed by Switcheo. And with HGX going live, we are also venturing into the tokenization space. More to come in the future.”*
 
Additionally, they also have this ZILHive initiative that injects capital into projects. There have been already 6 waves of various teams working on infrastructure, innovation and research, and they are not from ASEAN or Singapore only but global: see Grantees breakdown by country. Over 60 project teams from over 20 countries have contributed to Zilliqa's ecosystem. This includes individuals and teams developing wallets, explorers, developer toolkits, smart contract testing frameworks, dapps, etc. As some of you may know, Unstoppable Domains (UD) blew up when they launched on Zilliqa. UD aims to replace cryptocurrency addresses with a human readable name and allows for uncensorable websites. Zilliqa will probably be the only one able to handle all these transactions onchain due to ability to scale and its resulting low fees which is why the UD team launched this on Zilliqa in the first place. Furthermore, Zilliqa also has a strong emphasis on security, compliance, and privacy, which is why they partnered with companies like Elliptic, ChainSecurity (part of PwC Switzerland), and Incognito. Their sister company Aqilliz (Zilliqa spelled backwards) focuses on revolutionizing the digital advertising space and is doing interesting things like using Zilliqa to track outdoor digital ads with companies like Foodpanda.
 
Zilliqa is listed on nearly all major exchanges, having several different fiat-gateways and recently have been added to Binance’s margin trading and futures trading with really good volume. They also have a very impressive team with good credentials and experience. They dont just have “tech people”. They have a mix of tech people, business people, marketeers, scientists, and more. Naturally, it's good to have a mix of people with different skill sets if you work in the crypto space.
 
Marketing & Community
 
Zilliqa has a very strong community. If you just follow their Twitter their engagement is much higher for a coin that has approximately 80k followers. They also have been ‘coin of the day’ by LunarCrush many times. LunarCrush tracks real-time cryptocurrency value and social data. According to their data it seems Zilliqa has a more fundamental and deeper understanding of marketing and community engagement than almost all other coins. While almost all coins have been a bit frozen in the last months, Zilliqa seems to be on its own bull run. It was somewhere in the 100s a few months ago and is currently ranked #46 on CoinGecko. Their official Telegram also has over 20k people and is very active, and their community channel which is over 7k now is more active and larger than many other official channels. Their local communities) also seem to be growing.
 
Moreover, their community started ‘Zillacracy’ together with the Zilliqa core team ( see www.zillacracy.com ). It’s a community run initiative where people from all over the world are now helping with marketing and development on Zilliqa. Since its launch in February 2020 they have been doing a lot and will also run their own non custodial seed node for staking. This seed node will also allow them to start generating revenue for them to become a self sustaining entity that could potentially scale up to become a decentralized company working in parallel with the Zilliqa core team. Comparing it to all the other smart contract platforms (e.g. Cardano, EOS, Tezos etc.) they don't seem to have started a similar initiatives (correct me if I’m wrong though). This suggest in my opinion that these other smart contract platforms do not fully understand how to utilize the ‘power of the community’. This is something you cannot ‘buy with money’ and gives many projects in the space a disadvantage.
 
Zilliqa also released two social products called SocialPay and Zeeves. SocialPay allows users to earn ZILs while tweeting with a specific hashtag. They have recently used it in partnership with the Singapore Red Cross for a marketing campaign after their initial pilot program. It seems like a very valuable social product with a good use case. I can see a lot of traditional companies entering the space through this product, which they seem to suggest will happen. Tokenizing hashtags with smart contracts to get network effect is a very smart and innovative idea.
 
Regarding Zeeves, this is a tipping bot for Telegram. They already have 1000s of signups and they plan to keep upgrading it for more and more people to use it (e.g. they recently have added a quiz features). They also use it during AMAs to reward people in real time. It’s a very smart approach to grow their communities and get familiar with ZIL. I can see this becoming very big on Telegram. This tool suggests, again, that the Zilliqa team has a deeper understanding what the crypto space and community needs and is good at finding the right innovative tools to grow and scale.
 
To be honest, I haven’t covered everything (i’m also reaching the character limited haha). So many updates happening lately that it's hard to keep up, such as the International Monetary Fund mentioning Zilliqa in their report, custodial and non-custodial Staking, Binance Margin, Futures & Widget, entering the Indian market, and more. The Head of Marketing Colin Miles has also released this as an overview of what is coming next. And last but not least, Vitalik Buterin has been mentioning Zilliqa lately acknowledging Zilliqa and mentioning that both projects have a lot of room to grow. There is much more info of course and a good part of it has been served to you on a silver platter. I invite you to continue researching by yourself :-) And if you have any comments or questions please post here!
submitted by haveyouheardaboutit to CryptoCurrency [link] [comments]

Unable to move claimed BSV from ElectrumSV wallet (imported privkey)

Hi All,
First post on Reddit, but a long time reader and a bitcoin novice, despite having coins since ~2014!
I finally got around to claiming my BSV from my BCH. At the time of the fork I know what my balance of BCH was and therefore what I expect my BSV to be (1:1).
I can see this value in my ElectrumSV wallet after importing my private key for my BCH address. My BCH wallet is BitCoinABC and is fully in sync. However, when I try and send and BSV from my ElectrumSV wallet to a recipient, I get the 'Conflicts with one already in the server's mempool' error (\n\n258: txn-mempool-conflict).
I should say that I initially claimed these coins approx. 30 hours ago now and have successfully exchanged a small amount of BCH to BSV and sent it to the wallet that has the claimed coins in it. The small transfer is now also stuck in that wallet.
Research tells me I probably need to make a raw transaction to create a double spend, but this is beyond my current ability... either that or wait for the block height to catch up, which I would have thought may have have happened by now, looking at the block height differences between BCH & BSV?
So any help or pointers would be appreciated...
TIA


++EDIT++
Thanks to Deminero30 this has been resolved and the BSV recovered to a functional address!
submitted by staffnjb to bitcoincashSV [link] [comments]

Is there any hope of a Physical currency backed with silver and gold again

Is there any hope left of a Precious Metals Currency?
Yes there is, after everything we know about Physical Precious Metals it’s hard to believe that one day soon we can still have a currency based on Physical silver, gold and other precious metals again.
The Solution for us all comes from the most unlikely of places.
Blockchain and CryptoCurrencies
Before you ignore this part please let me explain:
Bitcoin or any altcoins, most people struggle to comprehend why after only 10 years they have so much value when they have no physical form? It’s beyond the understanding of most people so they prefer to just stay away from it, ignore it and trust in what they believe in and what they are told.
But the idea behind the Blockchain and Cryptocurrencies is very simple if you are willing to look at it………….if you cut out the technical stuff and break it down it becomes undeniably brilliant.
The Brilliance of this system compared to the Paper Money System and the Physical Precious Metals Market
When we base our lives paper money, everything is decided for us, money is simply printed, interest rates are set, you are told your value in relation to this money and how much of it you earn will determine what kind of life you have, it’s that simple.
With Precious Metals it’s not much better, you are always told what they are worth, their use is meaningless, you have to pay to store them, pay premiums to buy them and never get back what you paid for them unless you are prepared to wait years.
We all live in a controlled system always following what others tell us do, it’s sickening
But it’s very different with cryptocurrencies, a cryptocurrency is not physical, it is simply a digital asset, an algorithm that cannot be controlled by any one person or group, because of this the possibilities are endless.
This is the true power of all cryptocurrencies; it’s their ability to get away from a manipulated and controlled system to one where everyone has control over it……
The Benefits
· No one person or group can gain control over the system
· The units are controlled so only a number can ever be mined or created
· Full control over a unit of a cryptocurrency is held by the owner and they alone get to hold that cryptocoin in their own digital wallet
· Each unit is designed to work as a medium of exchange to secure financial transactions
· I can freely value my unit through an online exchange to determine the value
· Movement cannot be monitored or controlled so you can transfer them anywhere in the world and each transaction is secured through the blockchain through a distributed ledger
Just an example of what this system gives you over physical money or physical precious metals:
I have own 1 bitcoin, now that bitcoin is mine, it’s in my wallet where I alone have full control over it, to set up my own digital wallet(my own bank) I had to spend 2 minutes creating it and I didn’t have to send any of my personal details or pictures or wait for a week to get an account, now that 1 bitcoin is mine and secure in my own bank(digital wallet), I am free to value this bitcoin through a worldwide 24hr exchange where other bitcoins are bought and sold so now I can determine its value, with that value I can now exchange it for paper money or use it to purchase goods and services because I now know its value which I can now show others, I can send this bitcoin to anyone throughout the world instantly, never will I have to worry about borders, restrictions or banks.
With that one bitcoin I did away with banks by becoming my own bank, I was able to value my own currency, I could use my bitcoin as real money and I could transfer it to anywhere in the world instantly.
Now please tell me if you can do any of this with paper money or with physical precious metals. This is the value of a bitcoin or any other cryptocurrency, it decentralizes rules and regulations and allows people to gain control over a currency again.
These simple solutions were enough to show the cracks behind this debt ridden money system we are in. It has shown that even an algorithm which has no apparent value, apart from the cost to mine these cryptocurrencies has shown how truly worthless our paper money system is.
There is however a catch to this system:
This system is not without flaws:
· First is you can only base the value of a cryptocurrency on a paper based money system because it has no physical form so it can only ever be anchored to whatever system of money is in place
· Cryptocurrencies will never be a real treat to the control set by central banks, only real physical value can ever threaten the central banks printing scheme
· You would never know if this system could survive the death of a currency
· It will never gain full acceptance as without real physical value behind it most would never be fully trusted
· The fluctuation in value can be so much that it could determine whether if someone who earned it would be able to eat one day or eat too much another, the stability of this form of money is to unstable
· There are too many, 6000 thousand at last count
· If we are not careful we will all serve a Governmental Cryptocurrency one day and if that happens we are all finished
Bridging the gap
There is one thing that can bridge the gap and take away all the flaws and concerns that come with cryptocurrencies, that’s Physical Precious metals.
Precious metals has the ability to bridge that gap needed to stabilize Cryptocurrencies, challenge our obedience to this worthless paper money system we are stuck with and it has the ability to provide real value for the rest of the population to trust.
Both Cryptocurrencies and Physical Precious Metals are inevitably tied together now to end this rotten system we are forced to obey and serve, separated both will only ever serve whatever money we are all forced to serve, however both Precious Metals and Cryptocurrencies have enough power to end this system of control once and for all.
Instead this is what physical precious metals must endure:
· Physical precious metals today are manipulated to a point where there value is set on an exchange which you do not control, where rules are changed to control and subdue their value at any time.
· Outside of the Exchanges controls are set over buying, storing, selling and even transporting Physical Precious Metals so in the end their use as money is meaningless and this keeps most of the population away from them.
· Different countries get to determine their own rules and set fees on how their own citizens can purchase and sell and even transport their Precious Metals.
· After all that, you might have to get a degree or a college diploma to understand everything about the different categories and classes of precious metals so you can begin to understand precious metals so you can actually value them
· Then you would have to know how to be able to authenticate them, which requires a lot of time.
The Physical side of the market has become a cesspool where you are being cheated and robbed at every angle by everyone, to think that all you want to do is protect your wealth but you have to deal with so much red tape and bullshit that it destroys the trust and value of Precious Metals from ever reaching enough of the population.
submitted by Endallbanks to u/Endallbanks [link] [comments]

How the Blockchain is superior than both paper money and Physical Precious Metals

Blockchain and CryptoCurrencies
Bitcoin or any altcoins, most people struggle to comprehend why after only 10 years they have so much value when they have no physical form? It’s beyond the understanding of most people so they prefer to just stay away from it, ignore it and trust in what they believe in and what they are told.
But the idea behind the Blockchain and Cryptocurrencies is very simple if you are willing to look at it………….if you cut out the technical stuff and break it down it becomes undeniably brilliant.
The Brilliance of this system compared to the Paper Money System and the Physical Precious Metals Market
When we base our lives paper money, everything is decided for us, money is simply printed, interest rates are set, you are told your value in relation to this money and how much of it you earn will determine what kind of life you have, it’s that simple.
With Precious Metals it’s not much better, you are always told what they are worth, their use is meaningless, you have to pay to store them, pay premiums to buy them and never get back what you paid for them unless you are prepared to wait years.
We all live in a controlled system always following what others tell us do, it’s sickening
But it’s very different with cryptocurrencies, a cryptocurrency is not physical, it is simply a digital asset, an algorithm that cannot be controlled by any one person or group, because of this the possibilities are endless.
This is the true power of all cryptocurrencies; it’s their ability to get away from a manipulated and controlled system to one where everyone has control over it……
The Benefits
· No one person or group can gain control over the system
· The units are controlled so only a number can ever be mined or created
· Full control over a unit of a cryptocurrency is held by the owner and they alone get to hold that cryptocoin in their own digital wallet
· Each unit is designed to work as a medium of exchange to secure financial transactions
· I can freely value my unit through an online exchange to determine the value
· Movement cannot be monitored or controlled so you can transfer them anywhere in the world and each transaction is secured through the blockchain through a distributed ledger
Just an example of what this system gives you over physical money or physical precious metals:
I have own 1 bitcoin, now that bitcoin is mine, it’s in my wallet where I alone have full control over it, to set up my own digital wallet(my own bank) I had to spend 2 minutes creating it and I didn’t have to send any of my personal details or pictures or wait for a week to get an account, now that 1 bitcoin is mine and secure in my own bank(digital wallet), I am free to value this bitcoin through a worldwide 24hr exchange where other bitcoins are bought and sold so now I can determine its value, with that value I can now exchange it for paper money or use it to purchase goods and services because I now know its value which I can now show others, I can send this bitcoin to anyone throughout the world instantly, never will I have to worry about borders, restrictions or banks.
With that one bitcoin I did away with banks by becoming my own bank, I was able to value my own currency, I could use my bitcoin as real money and I could transfer it to anywhere in the world instantly.
Now please tell me if you can do any of this with paper money or with physical precious metals. This is the value of a bitcoin or any other cryptocurrency, it decentralizes rules and regulations and allows people to gain control over a currency again.
These simple solutions were enough to show the cracks behind this debt ridden money system we are in. It has shown that even an algorithm which has no apparent value, apart from the cost to mine these cryptocurrencies has shown how truly worthless our paper money system is.
There is however a catch to this system:
This system is not without flaws:
· First is you can only base the value of a cryptocurrency on a paper based money system because it has no physical form so it can only ever be anchored to whatever system of money is in place
· Cryptocurrencies will never be a real treat to the control set by central banks, only real physical value can ever threaten the central banks printing scheme
· You would never know if this system could survive the death of a currency
· It will never gain full acceptance as without real physical value behind it most would never be fully trusted
· The fluctuation in value can be so much that it could determine whether if someone who earned it would be able to eat one day or eat too much another, the stability of this form of money is to unstable
· There are too many, 6000 thousand at last count
· If we are not careful we will all serve a Governmental Cryptocurrency one day and if that happens we are all finished
Bridging the gap
There is one thing that can bridge the gap and take away all the flaws and concerns that come with cryptocurrencies, that’s Physical Precious metals.
Precious metals has the ability to bridge that gap needed to stabilize Cryptocurrencies, challenge our obedience to this worthless paper money system we are stuck with and it has the ability to provide real value for the rest of the population to trust.
Both Cryptocurrencies and Physical Precious Metals are inevitably tied together now to end this rotten system we are forced to obey and serve, separated both will only ever serve whatever money we are all forced to serve, however both Precious Metals and Cryptocurrencies have enough power to end this system of control once and for all.
Instead this is what physical precious metals must endure:
· Physical precious metals today are manipulated to a point where there value is set on an exchange which you do not control, where rules are changed to control and subdue their value at any time.
· Outside of the Exchanges controls are set over buying, storing, selling and even transporting Physical Precious Metals so in the end their use as money is meaningless and this keeps most of the population away from them.
· Different countries get to determine their own rules and set fees on how their own citizens can purchase and sell and even transport their Precious Metals.
· After all that, you might have to get a degree or a college diploma to understand everything about the different categories and classes of precious metals so you can begin to understand precious metals so you can actually value them
· Then you would have to know how to be able to authenticate them, which requires a lot of time.
The Physical side of the market has become a cesspool where you are being cheated and robbed at every angle by everyone, to think that all you want to do is protect your wealth but you have to deal with so much red tape and bullshit that it destroys the trust and value of Precious Metals from ever reaching enough of the population.
submitted by Endallbanks to u/Endallbanks [link] [comments]

How I Got Paid By 65 Different Beermoney Programs in 2018 [Guide]

How I Got Paid By 65 Different Beermoney Programs in 2018

Hi! Welcome to my guide for everything that paid me in 2018. Before I begin, here are a few details:
Now, let’s get into the good stuff.

1. Quickthoughts - $590

This was my top earner for the year and it only took me up until September to earn this amount. I had to stop because they require a W9 for anything over $600 and I was too lazy to file that. It is pretty similar to a traditional survey router, but I seem to have much better luck with not disqualifying here. I get paid $1 per survey but some people earn $2 per survey based on their demographics. Some people have issues with bans and getting locked out of accounts, so it is not for everyone. Because of this, it is important to cash out the minute you hit the cashout minimum of $10. There are both android and iOS apps but I highly recommend using android if possible because the iOS app pays in iTunes gift cards and the android app pays in Amazon gift cards. Overall, Quickthoughts is great if you are one of the lucky ones without account issues.

2. CrowdTap - $270

This is one of my favorite beermoney programs of all time. You complete a variety of very short polls and questions about consumer goods, food products, and services. The polls pay 1.5 cents each and the short answer questions pay 10 cents each. There are other ways that they ask questions, including longer surveys that are a combination between the polls and questions. All of them are well worth it for the time that they take. Reward options include Amazon, Target, Walmart, Steam, Xbox, and more. You can cash out starting at $5 and I am able to cash out about once a week. Definitely add this one to your routine if you have not yet.

3. Prolific Academic - $197.95

This one is great. Take academic surveys for universities and researchers and get paid in cash. As long as you don’t miss attention checks you won’t get disqualified. Some people get multiple surveys a day and others get only a few a week based on demographics. Many pay at least minimum wage. I could have made a lot more on here if I tried. Universally regarded as one of the most “worth it” survey sites so give it a shot!

4. Pinecone Research - $138 + Ranch Dip and Dog Chews

Pinecone pays a guaranteed $3 for 10-15 min surveys regarding opinions on new products. They also send free samples sometimes! You can cash out for a variety of gift cards or PayPal. I get about 1 survey a week on average. Pinecone is invite only so look for invites to sign up on other GPT sites as sometimes you can find them there. If you get in it is some of the best money you can make with surveys for the time you spend on it.

5. Branded Surveys - $130

Branded Surveys has traditional router surveys. A major perk of using Branded used to be their generous daily login bonus. This has been reduced to 5 cents a day, so it might not be worth using this site for the login bonus alone anymore. They have a very high EngageMe rate at one cent per 3 videos if that’s your thing as well! Payouts start at $10 via Paypal and Amazon.

6. Nicequest - $120

Big fan of this one. Their surveys have guaranteed rewards even if you screen out and can pay up to $2-3 for like 10-15 minutes. Their currency is “shells” and each shell converts to about 7 cents. Installing their meter on your devices adds a guaranteed 5 shells per survey. If you add it to your computer, phone, and tablet you get an extra 15 shells (about a dollar) per survey. I just have it on my computer so I get 5 bonus shells. Cashouts are quick for e-gift cards and they also offer physical items. Saving up for larger gift cards typically gives you better rates.

7. PrizeRebel - $107

PrizeRebel is your typical GPT site with a variety of ways to earn, but it is most well-known for surveys. They pay $0.80 per survey on the YourSurvey router and that is where a majority of my earnings have come. Lots of cashout options starting at $2.

8. YouGov - $100

YouGov is a survey site/app that pays anywhere from $0.50 to $2 per survey. The best part of it is that you never disqualify. I get a couple surveys a week. Most of the surveys are about public policy, politics, or general opinions of companies. You get the best value for your points if you save up for the $100 cash out. They offer the $100 cash out in bank transfer and Amazon. The Amazon gift card option used to be a physical mailed card but now its an e-gift card so that makes it even better! They offer other gift cards but they are for smaller values at worse rates so I would avoid them. Available online, on android, and on iOS.

9. iMoney - $89

Get paid to download apps! The best thing about iMoney is that the apps always credit and you can get credit for apps you have downloaded before. That’s not the case on most paid-to-download apps. Earn 15-30 cents per app and there are 3-4 new apps available each day. They offer Amazon and PayPal but PayPal has a small fee. Added this towards the end of the year and hope to make more next year. Might not be in the app store at the moment? Couldn’t find a link to put in the title.

10. VeryDice - $65

Roll dice, get points, redeem for physical items and e-gift cards. I get the daily spin rolls every day and watch their ads for more rolls. The key to VeryDice is saving up approximately 100 rolls before rolling to have enough to get the daily doubles bonus of $0.30. Worth keeping on your phone even if it’s just for the daily spin rolls. Available on both iOS and Andoid. If you want to enter my ref code at sign up you’ll get 30 free rolls :). It is 1319422.

11. Forthright - $62

Sign up and receive invitations to surveys via email. Don’t do their “partner surveys”, they rarely credit and you can get stuck in an endless loop. Their non-partner surveys are awesome. They pay well for the time spent but they also have one of the best disqualification bonusses I have ever seen. Every three surveys you take, regardless of whether you disqualify or not, you get a $2 bonus. That is $0.66 per survey on top of its base pay regardless of whether you qualify or not. They pay instantly with PayPal, Amazon, or Bitcoin.

12. VolKno - $55

Do you like movies? Then this one’s for you. Watch, rate, and tag movie trailers to earn Amazon gift cards. Each trailer has three stages and after completing all three you will make 23.5 cents per trailer. One thing to keep in mind is that you need a physical verification card sent to a US address in order to activate your account. I completed basically every trailer that was posted over the year, so my earnings are a good estimate of what you can plan on earning.

13. Inbox Dollars - $52.03

A pretty shit GPT site with a high minimum cash out. Not sure how I ever hit the minimum cash out here. Would not recommend.

14. Zap Surveys (Ref for $0.75 bonus) - $52.03

There are three main ways to earn here: a 3 cent daily login bonus, 7 cent location rewards for opening the app when a notification appears, and surveys. If you’re going to do surveys on here do relatively short TapResearch ones. The location rewards alone are why I use this app. The one negative of this app is that the cash out minimum is $25. Definitely worth having on your phone!

15. PointClub - $50

This is a pretty normal survey site. They have a daily login streak bonus that can double the value of your surveys when you reach the max streak which can make a lot of them worth your time. I stopped receiving surveys, so I assume I’m banned? So be careful with this one. Cash out minimums are $25 which is higher than I would like.

16. Survey Monkey Rewards - $49.15

Another one of my favorites. Survey Monkey Rewards is a survey app created by Survey Monkey, a big name in survey development software. Surveys all take under 3-4 minutes and pay either 25 or 35 cents based on length. I almost never disqualify, and you can cash out instantly to Amazon starting at $5. Available on Android and iOS.

17. Earn.com - $71.31

Earn.com lets people pay Bitcoin to contact you. I mostly received BTC to sign up for ICOs and airdrops for random tokens. They were aquired by Coinbase so there are changes to the program. They require a LinkedIn to make an account now as well (I think). If you can get into the program still it is pretty great!

18. MyPoints - $45

This is a sister-site to Swagbucks. I have decent success with their surveys so I use it for that. They have some other ways to earn but I don’t use them. If you have the same success with their surveys it might be worth using.

19. MicroWorkers - $44.16

Basically a smaller and sketchier MTurk. Lots of short tasks with decent earning potential but you have to find the right type of tasks for you. I did the click, search tasks for a while. There is PayPal with a $9 minimum but if I remember right they mail you a physical card with a pin before you can cash out to verify your identity. Not for everyone but worth a look.

20. SurveysOnTheGo - $43.30

This one is pretty simple. Get surveys on your phone, and redeem for Amazon, Visa, PayPal, and Starbucks! Surveys range from $0.50-$10. Some are location based and involve in-store activities. The more involved the surveys are, the more they pay. Don’t expect a ton of surveys, but many of them are worth your time. Available on Android and iOS. Minimum cash out is $10.

21. Survey Junkie - $40

This survey site is average at best. I am having less success with them recently because I can’t be bothered to take a 20 minute survey for $0.90. The one benefit of this site is that they have a VERY small disqualification bonus. Some people do have success taking surveys on here and the cash out minimum is $10.

22. E-Poll - $35

Another survey provider with no disqualifications! Woohoo! You receive email notifications when you have a new survey. Surveys pay $0.50-$2 and are usually not too long. They pay via a points system and you get better rates if you save up for the higher rewards. I cash out for Amazon, and they can take a long time to deliver rewards so be patient.

23. MooCash - $33.60

MooCash pays you to download apps and then open them for 3 days once a day. I have gotten paid as much as $2 for a single app download. They don’t always credit super easily so I would only try the better paying ones. You can cash out for BTC, Amazon, PayPal, and more. You can use my ref code (EHNPNC) when you sign up for some free coins. I think it’s only available to the first 20 people.

24. InstaGC - $33

This is a pretty basic and easy to use GPT site. Very low cashout minimums with lots of options. Check out LiveSample and YourSurveys for a good place to start on surveys.

25. PaidViewpoint (Ref) - $32.65

Short surveys with minimum PayPal cashout of $15. There are short surveys to collect demographic information that pay 10 cents. If you qualify for any of the longer surveys they can pay as much as $1.50. Surveys can be sporadic so just check the site once a day. Worth the time it takes to put into it.

26. UserCrowd (UsabilityHub) - $32.40

UsabilityHub, now rebranded to UserCrowd, pays you to give feedback on websites and products. Each task pays anywhere from 10-50 cents and the minimum cash out is $10. UserCrowd is nice because unlike other usability testing sites you don’t need to record your voice or screen. I leave it in a pinned tab on Chrome and get notifications when there is a new task. They can vary in how often you get them. I enjoy this one, give it a shot.

27. OnePulse - $30

This app has very short surveys with guaranteed rewards. You never disqualify or anything like that. I get a notification that I have a new paid survey about once a week. Surveys pay 30 cents to start but as you “level up” they become worth slightly more. Right now mine are worth 34 cents. Cashout is at $5 via PayPal. Available on iOS and Android.

28. Watchback - $30

This is the best sweepstakes app I have used. You get entries into the sweepstakes by watching videos. Each video is an entry. I watch 10 videos a day and usually win either $0.50 or $1 each day. It pays via Perk points so it’s a nice supplement to your Perk routine. If this keeps being so easy to win I should make a lot more with it next year! Available on Android and iOS.

29. Dabbl - $30

I started using Dabbl towards the very end of the year. They offer short brand-sponsored polls and videos that pay anywhere from 5-20 cents. These are super infrequent and cashing out from these alone would take the better part of a year. Where I earn with Dabbl is their non-passive ads. You get paid 1 cent per ad so I run them when I’m doing other things. It adds up. They don’t offer Amazon so I cash out for Target. Cash outs are at $5. iOS and Android.

30. Gravy - $25

This is a pretty fun game show app. To summarize the game, you pick a percentage that you think a product will sell out at, and if you’re within the closest few people to the right percentage you win a decent little chunk of cash. I’ve won once. You can buy discounted products on here as well. Go check it out, it’s pretty addicting. My ref code is “Leeves” if you want to throw some bonus guesses my way :).

31. KinIt - $25

Take short polls and quizzes and get paid 6-25 cents a day. The unfortunate thing about KinIt is that they very rarely have their gift cards in stock. When they have them in stock they have a decent selection. Still worth your time in my opinion. iOS and Android are supported.

32. Life Fun and Everything - $25

This was an invite-only survey panel that gives me a $2 survey once a month. Found it on some GPT site.

33. Panel - $25

Install Panel on your phone and get paid for sharing your location data. They drastically reduced their pay rate recently so I’m not sure it’s worth it anymore. Previously you could expect to make about $25 a year.

34. Perksy (Ref) - $25

Short polls that pay anywhere from $0.50 to $1. I get about one a week. Only downside is that the minimum cash out is $25. Various gift cards (including Amazon) are available. Definitely worth keeping on your phone. I think it’s iOS only at this time.

35. Swagbucks - $25

One of the easiest GPT sites to use. Lots of offer walls and surveys. I don’t make a lot here but basically just do daily search, daily poll, Swago, and SwagIQ. If I wasn’t banned from their surveys for some reason I might make a little more. I use swagbucks from time to time to find easy offers to do. Overall, a decent place to start of you’re experimenting with beermoney for the first time.

36. Survey Mini- $25

This app uses your location data and pays you 10 cents (sometimes more) to fill out a short poll about stores and restaurants that you go to. They recently added e-gift cards instead of physical cards so that makes it a lot more attractive to use! iOS and Android.

37. IBotta - $20

This is one of the better apps that give you rebates on select grocery items as you shop in-store. If you buy a lot of groceries, there is money to be made here. They also have traditional online cashback portals and offers.

38. Streetbees - $19

This app has surveys with a more personal and fun spin. You get paid via PayPal for each task that you finish. There aren’t always tasks available but when there are, they often pay well. I had one for testing an app that paid $9! It’s a nice option for something a little different than traditional surveys.

39. AttaPoll - $15.29

Attapoll is a survey app that sends you more traditional router surveys (many of which are Cint surveys). You might disqualify quite a bit here depending on your demographic so I stick to the short ones. Payouts are via PayPal, Bitcoin, and Ethereum. PayPal starts at $3 (nice), ETH at $3.50, and BTC at an insane $100. On both Android and iOS.

40. Smores - $15

Smores is an Android lock screen app that pays a flat $0.10 a day for unlocking your device once. Their non-passive video section pays a cent per 2 videos at the moment so that can be a decent earner as well. Cash out as low as $1 for Amazon and other gift cards. I was pretty inconsistent in my daily unlocks this year and hope to increase my earnings next year.

41. Crowdology - $10.04

Very straight forward. Do surveys, get paid. Some people have success with this type of site, and others disqualify a lot. I would stick to any surveys under 10 minutes in length to avoid wasting your time. Cash out for Amazon or PayPal at $10.

42. Achievement - $10

This app pays you based on your steps. I have it connected to Apple Health. It took me about 9 months to earn $10 and I am pretty active. Android and iOS are both supported. Doesn’t run in the background or drain my battery from what I can tell so it’s very passive and harmless.

43. Gamermine (Ref code for $1 bonus) - $10

This is a GPT site with a few offer walls. They have good EngageMe rates as well as a 5 cent daily bonus as long as you’re making a dollar a week on offers on the site. This is basically the only truly passive income that I have made this year from running EngageMe.

44. Cross Media Panel - $10

This is a program through Google that paid you to let them have an extension on your browser and on your phone. They discontinued most of this program so I am no longer earning from them. Parts of this program still exist but I haven’t looked into it much. Probably just worth skipping over at this point.

45. Lifetap - $10

This app is just a garbage survey router now. It used to have some other short guaranteed-pay surveys. I wouldn’t mess with this anymore.

46. PayTime - $9.99

Paytime lets you earn money for your subscriptions by watching ads and answering a few questions about them. You can only cash out once a month because it is supposed to be used for monthly subscriptions. All they do is send you $9.99 via PayPal or Venmo once you watch 40 ads. The catch with PayTime is that you need to be a student at one of the universities that they support. Check their website for the list. Overall, if you are a student it could be an easy $10 a month. Hope to use this more next year.

47. Ready Games - $9.19

Get paid to play games! There is a new game every 48 hours and the top 20% of scores at the end of the time period get paid. The top player makes $7 and the payout decreases as you go down the ranks. I have won somewhere around $2.50 every game that I have made it into the top 20%. Pays via PayPal when you win. On Android and iOS. You can use share code “lucky-disk-68” if you want to give me some extra lives :).

48. Carepoynt - $7

This is a pretty bad healthy living/rewards site. I think they had a few easy ways to earn, like downloading their app, and that’s how I cashed out. There was a post about it so be looking for opportunities like these on the subreddit. I won’t be using this again.

49. Amazon Shipping History Task - $6

Look for tasks like this that get posted on the subreddit. Got paid to submit some shipping data from Amazon.

50. DailyWin - $6

This used to be a scratch card app with a non-passive video section but it seems to be dead. Move along, nothing to see here.

51. CitizenMe - $5.97

Take short polls. Get instantly paid small amounts of money via Paypal. Pays in GBP so if your currency is USD you get to take advantage of that increase in value. Polls are spotty but worth it due to the instant payout (so no minimum or anything like that). iOS and Android.

52. PollPass - $5.15

Answer polls and get paid! Pays via PayPal at $5. Very simple and fun to use. Just answer the polls whenever they are available and watch the points add up. Added this at the end of the year so hope to expand on this next year.

53. Brand Insights Polling - $5

I honestly have no clue how I got paid by them. I think I took a survey that I found from a Facebook ad or something?

54. CashForApps - $5

Get paid to download apps! They don’t pay the best and sometimes have a hard time crediting but still might be worth a shot. The very best paying apps pay around 30 cents. Some pay pennies. Available on iOS and Android. You can use my invite code “4848a6” and get a few free points.

55. EarnWallet - $5

This was a from a promotion that was posted on beermoney for just downloading EarnWallet. Check out the sub for opportunities for occasional promotional opportunities like this.

56. Shopkick - $5

Scan items, check into stores, and earn cash back for buying certain items. Not a huge earner but can be fun to mess around with when you’re out shopping. Available on iOS and Android.

57. Louder Rewards - $5

This app paid $5 Amazon to download 5 apps and use them for 3 minutes. It was a one time offer so I don’t use it anymore. It’s on iOS and Android.

58. Qmee - $4.68

Install their extension and get paid a few cents for random searches that you make. They also have surveys. I use PayPal to cash out and there aren’t any minimums that that’s cool!

59. Google Opinion Rewards - $4.68

This app sends you occasional very short surveys from Google that pay 10-20 cents. Using Google services and being mobile seems to increase the number of surveys that you get. Some people get a lot, some get less. Worth just having on your phone. The iOS app pays via PayPal and the Android app just give you Google Play credits.

60. College Pulse - $5

This app has polls for college students to take. I think you need a .edu email address? Their rewards kinda suck so I stopped using it but they had an offer to cashout for $5 bitcoin to the Ben bitcoin wallet so I did that. Maybe worth it depending on what reward options they have at the time. Android and iOS.

61. Fetch Ref Code For $2-$5 Bonus: XE2XG - $3

Scan receipts and get paid. I get 2.5 cents per receipt on average. They also have products that you can get rebates on when you buy (sorta like iBotta). They only accept grocery store receipts. A good addition to your receipt scanning routine.

62. Quick Survey - $1.61

See my section on iMoney. Very similar but with less apps available and larger fees.

63. CoinOut - $1.02

This is one of the most straight forward receipt scanning apps. It pays 1-5 cents a receipt (typically 2 cents). Cash out starts at $1 for Amazon or PayPal which is way lower than most receipt apps. Very nice. Hope to earn more with this next year. Has both Android and iOS apps.

64. Indeed Job Spotter - $1

This app pays you $0.50 per sign to submit help wanted signs that you find around your city. I have never actually submitted a sign but got paid $0.10 per sign to verify the validity of other people’s signs. I’ve seen people make pretty decent money on here.

65. 1Q - $0.25

This one seemed cool at first. Take short polls, get paid $0.25 instantly via PayPal. The problem is that I never get polls anymore. Others have had the same experience. You might be able to squeak a few cents out of it. Android and iOS.

TOTAL: $3014.92

Hope this helps you guys out, and if you have any questions let me know! Let me know what I should add to my routine :). Thanks to everyone who contributes to this subreddit because I found many of these programs thanks to you! Have a great 2019!
submitted by Goldeneye0242 to beermoney [link] [comments]

Rise and Fall Part 9

Part 8 (has access to parts 1-7 in it)
For some reason it would not post the last day or so.
It is early 2017. I have been carrying on my usual playing 10-20 hours a week to survive. Still lethargic is best term I suppose. I just dont get excited to play anymore. I consider getting a job to remind me how shitty working is so it gives me a kick in the teeth to play poker. Then it dawns on me, I hate playing poker now.
Poker has been tainted. Everything bad that happened to me I can associate with poker. The rise and fall was poker (the fall part). The oxycontin started as a performance enhancer to log more hours. Everything I consider to be wrong in my life I trace back to poker essentially, even if just a butterfly affect reason that had I done something else I wouldnt be here.
Hating poker is not the greatest realization considering its my only means to income outside of grunt labor. I seek a job in a couple places to no avail which was fine, I didnt wanna do that either.
Several months earlier I had started playing on SWC (bitcoin site) and became familiarized with bitcoin. Thought nothing of it, it was just the currency I was winning or losing. I dont read a thing about it, I learn nothing of it. I wasnt playing a ton or even big stakes, my intention for playing online was to just stay sharp in case it ever comes back full fledge. I have 5-6 btc on this site at the most (2-3k) and I flush it playing plo and big o not thinking much of it.
Back to 2017. Its March/April~ of 2017. I am playing cards one night dicking around probably had a couple drinks and was needling the usuals etc. A guy I do not know is in the game. Looks Russian. I bet he interfered in our election... fucking commies. I dont remember how I got to talking to him but crypto had been brought up. I talk about SWC. Tell him I had a few btc but not anymore. The only other thing I remember well from the conversation was bitching about going from an iphone4 (yes I had an iphone4 from 2010-17, the same one. It barely worked. Many oxycontins snorted off the back of that phone, texts dating back to when I got it in 2010) to the 6 or 7 or wtfever I have now, which is bigger and its harder to text and drive. He just responds by saying “first world problems are the worst”. Amen brother, those Africans and Venezuelans have no clue of our struggle.
I end up talking to him a bit and it turns out he mines crypto. Has a website that sells mining equipment. He has a hell of a back story too. I tell him I am interested in mining. I have about 20k to my name at this time and I realized recently that I dont like playing poker so why not? He eventually tells me not to do it. Regardless we become friends and he is ultimately the most important friend I have ever made. I have made more positive strides mentally since meeting him (mostly work ethic, realizations, reality checks and aspirations) As silly as it sounds, when he told me “first world problems are the worst” it stuck with me. He was saying it as a joke but jokes are funniest when true. He is genuinely the smartest guy I have ever associated with also. If you run into him at a poker table youd think he was a high functioning autist. Then you talk to him and go “ohhh hes just one of those Einstein type geniuses”. His hair is usually a mess, he cuts his own hair for or has his girlfriend do it. He wears cheap clothing usually since it all covers your ass or nipples I suppose. He virtually never instigates conversation with people he doesnt know. He is really deliberate with his actions. Talks really calmly and knows exactly what he is saying. He is just on the same level at all times it seems.
Meeting him has definitely changed my life for the better. We become friends pretty quickly. I know I went on a downer after meeting him because I couldnt afford to buy mining stuff and remember wanting to (again, he told me not to do it eventually anyways).
Which will lead me to another good friend to have. Between 2015 and this point in 2017 I have shot myself in the foot not logging hours a couple times. A friend has bailed me out with a loan or short term stake a few times. He is a well off restaurant owner who loves poker more than just about anything not related to him. Every time I see him we talk about hands he played and he just eats it up, has photographic memory and never butchers a hand history which is nice. He is as good hearted of a guy as I have ever met. (Sorry if this is getting long winded giving praise to people close to me, I intend on sharing with a few people and would like them to know what they mean to me as corny as that is because I suck at doing it in real life. Plus it is kinda gay to get mushy sounding in real life, but I digress. Theyve heard virtually none of the content of this whole thread either, a ton of this stuff I have never shared) In fact he is too kind hearted. He has helped people who wouldnt piss on him if he was on fire, and people have burned him on many occasions. My only complaint about this person is he never kicked my ass and told me to log more hours or fuck off. I needed it. If I just logged hours I wouldnt need the help. Its as simple as that. I have no leaks other than the unwillingness to play (leaks as in drugs/pit games/strippers/wtf ever else) and it has hindered me immensely over the these last couple years. (Ok I do have one embarrassing leak that has been fixed for a year and change, mobile games... I have spent like 30,000$ on mobile games between late 2016 and late 2018, Lords Mobile specifically clocked me for 20k. This definitely hindered my ability to build a roll and got me into a few jams. When youre not logging hours playing youre sitting around gaming and these games arent cheap obviously)
It is around May now and my friend who messes with crypto tells me that Bitcoin is going to 10,000$. Its like 800$ at the time iirc. I own a couple from Ignition cashouts. I kind of trust him. I cant argue him on it as I have literally no mental fortitude on the subject, but I essentially shrug it off. I start watching the price on poloniex and am watching prices jump like crazy. Light bulb in head! I can buy the dips sell the peaks and have more BTC! Lets load the 2.5btc I have onto poloniex! Sell peak but it keeps climbing... “FUCK! gotta get it back before it goes to 10k! Whew. Still have 2.45 BTC. FUCK! Its dropping! Get it out before it goes to zero!”
Yea I turned that 2.5 BTC into .4 BTC. No joke. I think I ended up throwing it onto SWC and losing it once it was almost gone. I honestly forget. I had nothing when it finally hit 20k other than some shit alts worth about 800$ at most (worth 35$ now but they still reside in my locked poloniex account, maybe I will give poloniex my ID if they ever become worth more than 1k)
So I am now annoyed I didnt turn every free dollar I had into BTC. I didnt trust the guy enough and to be fair I would have been using the money I play with. Had I met the guy a year earlier (know what I know of him now) I would probably have just locked it all up and sat around waiting.
I never really get my act together in 2017. I continuously log just enough hours to get by. I just dont care. I just want a way out of this. I catch myself saying “I hate playing poker” and sometime around the end of 17 or early 2018 I start trying to censor myself and quit saying that. Saying it will only make it fester deeper. I have to retrain myself to love poker. I remember the days of playing 18-24 hours straight because I love playing. I love watching for everything I can find to get an edge. I love a situation to present itself where I can step out of line. But now I just sit down and count the minutes before I can tell myself “way to go! You put in an 8 hour shift lets pack it in!” I leave good games often times. I celebrate when games break. This is where I am mentally while I play. I cant break out of it.
Late in 2017 a close friend of mine passes away. Will call him J. He was the guy who gave me a place to stay after the shutdown in Joplin. I was still doing oxy and he never once touched the stuff knowing what has happened to me. He doesnt judge me, he is somewhat of an enabler I suppose. He just drinks does shitty coke sometimes and has a script of adderol and xanax. Literally never once does he do any with me (ive warned him xanax and opiates will kill you if you mix, which is likely part of the reason he never did it) He was a marginal poker player (relative to modern game, he was just good enough to beat the rake live but he had too many pit leaks) and took great pride in being my friend (I was the slayer in the area for years leading up to this, anyone considered the best in their area can relate, you just have the respect of the local poker community). One of my earlier live poker memories involved him. I am like 18 or 19 playing a 1-2 game at a small casino and he was there with a friend. They were the good players in the game at the time. They were having a few drinks eating nice food and laughing having a good time. I remember thinking that I want this lifestyle. Care free gambling fast paced lifestyle. I had told him this story years later and he just ate it up, constantly tried to get me to rebound, but as I have stated many many times in the last few of these I have basically waved my white flag and accepted the result of my fall.
Anyhow after living with him we always talk every few months at minimal and have something to eat when we see each other at the casino. He was somewhat disingenuous sounding he was so nice and honestly it got to a point it started rubbing me the wrong way. I still talk to him of course but less frequently. In December of 2017 I get a phone call from my friend who owns the restaurant and he is distraught. He has been at the hospital and J has passed away. The back story on this is he had gotten a phone call from old friend who was getting out of prison in Arizona with no where to go (a female). J being as nice a guy as he is drives the 20+ hours to get her and gives her a place to stay. Well shes a junky and actually convinces J to do opiates/heroin. He overdoses and dies. I hadnt talked to him in a few months. I regret it. Had I known I would have beaten him senseless and got him to quit before things actually get bad.
Going to his funeral hit me up side the head too. The way I started feeling he was disingenuous just got destroyed. I cant fathom as many people showing up to my funeral with as nice of things to say. I wrote something to say but opt out after a few people say everything I had written (except better). I regret not saying them anyways. I think I still have what I wrote tucked away with the card and his money clip that made its way to me. I stumbled across his casino players card in a box one day and it resides in my wallet ever since. This was the first close friend that has passed away in my life, knock on wood. It woke me up a bit and caused a lot of self reflection because I felt I had let him down. I lived a few miles from him and didnt drop in to see him, didnt stay in contact as well as I should have. All because I felt he was disingenuously nice when he was actually just nice, which is actually because I am a cynical hermit who hates social life these days. That was the real reason I didnt stay closer. Him being too nice was just my excuse to blow him off essentially.
Only other thing I can add is that chick he helped out didnt even go to his funeral and on top of that had tried to take his truck and clean his house out. Junkies are the worst. I was a junky but I proudly say I never robbed anyone or cost anyone anything other than emotional distress, which isnt much of a brag obviously.
2018 starts and I have been decreasing my methadone every week for about 3-4 months now. I am on a low dose. Makes sleeping at night hard (get restless legs and sneezy). So I am having a few drinks any time I am at the casino playing (still just two days a week for the most part) to help get through those late night sessions when its worn off and I feel crummy. I get down to 15mg then 10mg and in March of 2018 I get asked if I wanna work for a week with my crypto friend. His friend is setting up a farm with 500 miners and needs help. I agree. The pay is in excess of the work (in my opinion) at 3k and I have no expenses, but I dont argue obviously. Before we leave town I have to pick up my week of methadone (at 4mg now) and so I do that. I never take any of them, I have the box still. Never opened it. They remain at my apartment as a reminder, the box carrying the 6 doses and a stack of receipts for every 75$ week that I kept in the box, several years worth, at least 9-10k worth of receipts, and that shits CHEAP compared to oxy. So I am finally off of opiates. I take kratom still but its essentially non addictive in comparison. Ill cede that I am reliant on kratom but if it disappeared tomorrow I wouldnt panic, I would be fine.
So I fly to Denver with my friend and meet his friends half brother who was instructed to rent a box truck and the three of us were to drive from Denver to Washington carrying like half a million dollars worth of hardware. Its early March, the roads arent exactly great. Half brother of his friend rents a truck with no middle seat though. Its absolutely miserable. Whoever sat middle was sitting like a fem boy legs closed and knees up high from the drive shaft hump. It was un fucking real how uncomfortable the middle was. So like I stated the roads were not great, we drove on ice for 5-6 hours straight (while my crypto friend did about 30 minutes of it before I decided I value my life and banned him from driving, he was literally doing over 70 on this ice sheet when I checked the gauge. I forget what he said, I will fail to make it sound as good but he said that he is protected and can not die, if we wreck he wont get hurt because of some universe stipulation that protects him. He said we would get hurt but he wouldnt. *** Ok here is what he said.
“quantum immortality. if i die in this universe, my conciousness will shift to others where i am still alive”
He just couldnt assure us ours would.
I end up driving like 18 of the 24 (one shot) hours it took as letting crypto friend drive was out. We make it set up a farm over a couple days then we go to Vegas. Not only do we go to Vegas but we fly a private jet. Not only do we take a private jet but his buddy has all four of us our own room at the Bellagio for 5-6 days. I remember having a 4500$ win at Bellagios 500$ cap 2-5 game... ran pretty salty. I only remember one hand worth bringing up, but I closed action and called 400$ pre with 67o with 3 others all in. Just flop 77X and send me the money. (Was drinking, gamble gamble). I cold called that also, some fish had opened massive and a 300$ stack just ripped a 400$ stack rejammed and I had called out of bb knowing fish will call off his 400~. This is actually a leak I have in poker. I will go over it because it has history.
Dating back to online my biggest leak was playing vs short stacks. Everyones biggest leak obv (6m setting). There were a few min buyers on Carbon and I got to the point I put them in pre every time they opened my bb from button, so long as they opened 75%+ from button or close to it. This has carried with me live, if I can gamble 3-4 ways (4 specifically) I will basically do it any time its 100bb~ or less with about 40% of hands if I can close action safely. I am a bit of a degenerate in this sense. I will flip for 1k if I have 10k to my name. It mostly came as a way to loosen up tables (the flipping blind preflop) at my local casino with players who give action. I am pretty snug in general but I cant refuse a flip when it presents itself and I cant refuse a fun gamble with short stacks.
I spend the month in Vegas during WSOP and run absurdly bad. Lose every big pot I play it seems. Switch to PLO the last half of the month and go a week straight without tripling my buy in up at any point. Just insane. Looking back I play rather poorly in PLO. I have been spoiled with my PLO games back home (which have been dead for about a year) and could get away with playing 50% of hands and no one ever bet big draws or anything not the nuts basically. I didnt adjust at all is what the issue was. Was just a frustrating month.
So I return and take a stake from a friend. I barely play still. Same ole same ole.
The last thing I will cover for this section is an incident late in 2018. One of the girls who is the floor at my local casino takes kratom also, we talk about it a fair amount. She has some 10mg percocets (mini oxycontins essentially) she gives me two of them. I havent had one in several years. I have been off methadone for 6-8 months at the time. I am eager to feel what I felt all those years ago, having no tolerance. So I take them home even though I know I shouldnt.
I get home and take both of them. What transpires is almost depressing. It frustrates me to no end that I realized that I have no desire for these. It affirms that all the money I flushed wasnt about the high, it was about the not withdrawing. I basically stated this in an earlier post but this is the event that I learned this from. I dont even enjoy it. I just sink knowing that I gave my life away for these. I have never recovered thanks to pain killers. Never once after 2011 have I ever looked in the mirror and said “finally, I have finally recovered what I fucked off”.
I am going to finish this thread off on the next post most likely. It will likely be long and take me a while to compose as it will cover my current year, and put a bow on it. The story basically climaxes a couple posts back, these surely have slowly lost their luster but I will finish them anyways. Nothing exciting about hearing about a guy who can beat games but wont sit in the chair to do it. Its a bit more upbeat in 2019 though andd I feel my future is bright and redemption nears though. I dont think I would have written these if not for a change of mentality recently, so look forward to a positive summary next post.
submitted by cisheteropatriarchy to poker [link] [comments]

Weekly Update: ParJar media blitz, Fiat pegged tipping goes live, Hydro Community Content Initiative, Sentivate Ambassadors... – 15 Nov - 21 Nov'19

Weekly Update: ParJar media blitz, Fiat pegged tipping goes live, Hydro Community Content Initiative, Sentivate Ambassadors... – 15 Nov - 21 Nov'19
Sup folks! This is the final one of the catch up series. Here’s your week at Parachute + partners (15 Nov - 21 Nov'19):

With the latest update in ParJar, you can now tip crypto to your friends pegged to fiat. For example, if you were ever stuck on “How do I send $PAR tokens worth 10 USD to Cap?”, you can now simply type “/tip 10 USD PAR” and boom! ParJar does the rest for you. Awesome isn’t it? Last week we didn’t even notice that ParJar had been featured on a number of crypto publications. Cap found out this week. From Decrypt to TronWeekly to BitcoinExchangeGuide, ParJar made a big splash everywhere. Friggin amazing! PAR4PAR lottery entered stage 7. 350k $PAR up for grabs. Charlotte's Math trivia in TTR was super fun. 10 questions, 2500 $PAR each. Doc Vic (from Cuba) made a group for CoD Mobile players from Parachute. Join in if interested.
No more wondering “How much is 5 USD in $PAR?” when tipping. Yay!
In this week’s creative contest (@captainparachute #fanciness) by Jason, Parachuters had to “draw fancy outfits for captain”. Tons of $PAR given out for making Captain fabulous. Haha. Weekly Parenas are back. This week’s Parena saw Carlos take home a cool 25k $PAR from the 50k $PAR pot by beating Brian in a quick finale. This week’s Two-for-Tuesday’s theme was live in concert bands. An epic Tuesday ensued. In this week's #PFFL update, Hang (9-2) has moved to first place with Clinton following closely at 8-3. Chris, Alexis and Andy are in third position with 7-4. For #wholesomewed this week, Parachuters shared pivotal events from their lives that made them what they are. As a Helium hotspot operator, Cap and Ice travelled to a meetup this week in NYC to explore synergies.
Peace Love’s late entry for last week’s #Parichristmas. Can you identify the face? Haha
Catch up on the latest at aXpire from CEO Gary Markham’s inaugural State of the Market episode. Plus, there’s the Week 46 update video by Joakim as well. This week’s 20k $AXPR burn can be tracked here. Do you work at a Law firm that is looking to improve profitability? Look no further. Bilr is here to help. Have a read of this article to know more. The ERC20-BEP2 swap bridge is now back online. Check out the cool new promo video of the 2gether card. Founder Salvador Casquero will be part of a webinar discussion with Manager Focus on digital currencies on the 28th. Mark your calendars! CEO Ramón Ferraz's full interview with Emprendiendo.TV from South Summit which happened several weeks back was published this week. He also wrote about DeFi (Decentralised Finance) and its impact on the financial sector in a recent CryptoDaily UK article. The story behind the present branding of XIO can be read in this tweet thread. A new gif contest was started just before of the reveal of the first set of nominated startups for the XIO incubator. Hope you had a chance to make a submission. The Birdchain community was invited this week to vote for their favorite entry in the Copywrite Challenge. Voting will be open till the 27th. Plus, a new referral bonus was started. Woot woot! Did you know that you could earn 5% interest for holding $ETHOS on Voyager? Read more about it here. The latest update of the Voyager app was released this week.
Thanks for making this ParJar branded coupon/label, Jose. I can already see so many uses for this
Tron is now live on the Switch-backed McAfeeDex. Its volume on the SwitchDex network can also be tracked from DappRadar. The Dex supports 70 languages as of now and will become as close to a DAO as possible by decentralising decision making from 2020. Mineable featured Fantom $FTM in his list of 7 promising cryptos video. If you are looking to stake $FTM when mainnet goes live, make sure to read this article to understand how it will work. For the latest roundup from Fantomverse, click here. And welcome to the $FTM fam, Samuel! The voting for the #UptrenndOC contest finalists was conducted. BeInCrypto joined Uptrennd this week. $1UP is now listed on P2PB2B exchange. The crew will be covering CoinPoint's Annual VIP Networking Party next year as a media partner. Congratulations to the winners of the ETH Prediction contest for winning 2k $1UP tokens. Sweet! Part I of the Uptrennd Sharing Contest got off to a roaring start. For the latest scoop on District0x, check out the District Weekly. The District Registry article in the education portal has been updated in preparation of its launch. How to win over customers in the Fintech space? Hydro breaks it down for you in this article. The Hydro Community Content Initiative looks at creative inputs from the community to spread the word on Hydro. The project won an international competition called APIficator hosted by Sia Partners at The Met in NYC. APIficator is an open innovation challenge that looks for the best banking and finance APIs from around the world. Woohoo! As Vault prepares for a 2020 launch, here’s a quick product update.
Views from the Hydrogen HQ are to die for
If you want to see Silent Notary’s $SNTR token listed on Halodex, then don’t forget to vote for IDLedgers in the Halodex Listing Contest. Interested to become a Sentivate Ambassador? Get in touch with the crew. There will also be an Advocate Program for busy folks. Following the community's vote from a few weeks back to have more ELI5 content on core web technologies in video format, the team announced that they will be starting a podcast soon from their new office in Pittsburgh. Scott Melker (The Wolf Of All Streets) joined as an advisor to the project this week. Stay tuned to the upcoming AMAs to get in on exclusive updates. One of them will have more details on Artifacts. OST CEO Jason Goldberg wrote in depth about how OST’s tech makes Pepo such a powerful app. Pepo also got covered in detailed articles on Cointelegraph and Blockchain.news. Decrypt also did a brief feature of $OST. A Merkle Tree is a data structure that allows for quick verification in a large amount of data. SelfKey team published an article that explains how Merkle Trees make blockchains efficient. They also put together an eye-opening list of major data breaches in 2019. But what do hackers do with the breached data? Click here to find out. Busy week at Pynk with the crew travelling to Expanse Summit to speak on "Investing with AI" and then to Shift Conference in Croatia (where they made it to the finals) followed by FintechMatters in Vienna (where co-founder Mark Little talked about Crowd Wisdom) and finally to Slush in Helsinki (for biz dev).
Signing up for Pepo is pretty straightforward
Shuffle Monster’s $SHUF token is now a default token on Uniswap. Wibson team attended the Games Changer Summit hosted by Forbes Argentina this week. Head of Research Carlos Sarraute travelled to the University of San Andrés to train attendees on Big Data and talk shop. Read up on the Wibson journey so far from this article. Harmony had proposed a new staking mechanism called Effective Proof-of-Stake (EPoS) back in August. This week, it started to come to fruition with the latest commit. Click here to see what it takes to get it live. Harmony's Java SDK was released as well. Digital marketer Nick Vasilich shared his learnings from working on the development of Harmony DAO from the ground up. To stay upto date with Harmony news in your local language, don’t forget to follow the regional accounts. Welcome to Harmony, Wen! In this week's Harmony Insights episode, we learnt about market making. $ONE was listed on DeFi platform Constant which enables P2P lending. On that occasion, a special deal of lower interest rates for borrowing against $ONE was announced. Click here for pictures from Binance Turkey meetup that Harmony crew visited. Continuing from last week’s Harmony Bytes, the challenges of staking were discussed in the latest episode. As mentioned last week, the team was in Odessa as part of #CryptourUkraine. Next week, Vinnytsia.

And with that, we are 100% updated with the latest week. Yay! See you again with another weekly update. Ciao!
submitted by abhijoysarkar to ParachuteToken [link] [comments]

Can't Update Firmware for Trezor Bitcoin Wallet? Here is the Proper Way to Do It How To Accelerate & Confirm A Slow / Stuck Bitcoin ... How To Accelerate Confirm A Slow Stuck Bitcoin Bitcoin Comfirmations Problem Bitcoin Wallet How To Speed Up A Stuck Bitcoin Transaction bitcoin transaction pending : verify btc transactions in 1 minute

Bitcoin fees can be counterintuitive. Consider two examples based on reports from actual users. Alice, a successful blogger, displays a QR code to accept Bitcoin donations (this is a bad idea from the perspective of privacy). Once every month, she sweeps the accumulated funds into her Electrum wallet. She usually pays a fee amounting to 1.5% of ... Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part . Wallet synchronization. Bitcoin, Dash, Litecoin and every Altcoins has its own core wallet. While the looks of each and every wallet may vary slightly its functionalities remain the same. Whenever you open your QT wallet the first thing your wallet does is; it starts scanning all the recent blocks on the blockchain and tries to catch up with the network. Whether your wallet is a fresh install ... Ethereum’s price action has been slightly underperforming that of Bitcoin as of late The cryptocurrency has remained stuck beneath its crucial resistance level at $380, which points to some weakness amongst buyers Until this level is surmounted and ETH can regain its foothold within the $400 ... Bitcoin Enters Tight Range as Market Is Indecisive. As noted by a top Bitcoin analyst, the leading cryptocurrency has been trading in a $30-50 range over the past few days as investors have become indecisive. Some think that this price action may stem from the news that the U.S. CFTC is charging BitMEX, which is forcing investors to close their ...

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Can't Update Firmware for Trezor Bitcoin Wallet? Here is the Proper Way to Do It

What to Do if Your Bitcoin Transaction Gets "Stuck"...Unconfirmed. Accelerate your transaction using the methods in this video. *****... Click below for full links: Note - I'm not crypto expert. I also can't guarantee this will help you. I just shared this video as this is what helped me. I spent $10 ont he first transaction and it ... confirm unconfirmed bitcoin transaction Solution not more stuck and Missing btc transactions best Bitcoin Transaction Accelerator : https://bitcointransactio... https://www.bitcoinlifestyles.club In this video learn how to set the optimal miner fee so you get the fastest possible confirmation time for your bitcoi... Trezor - Initial Setup & First Bitcoin Wallet Transactions - Duration: 13:38. IMineBlocks 205,775 views. 13:38. ... How to Set up Trezor Wallet for First time - Duration: 7:43. CoinSutra ...

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