Bitcoin Price (BTC/USD): BTC Live Chart, News & Analysis

There should be a Karma/Bitcoin FX rate

1,000,000,000 Karma buys 1 Bitcoin
submitted by genny_cream to highdeas [link] [comments]

SDRs per Bitcoin [fx-rate.net]

submitted by BitcoinAllBot to BitcoinAll [link] [comments]

SDRs per Bitcoin [fx-rate.net]

submitted by themusicgod1 to btc [link] [comments]

Largest Banks in South Korea to provide FX Rate Information to DeFi Services (x-post from /r/Bitcoin)

Largest Banks in South Korea to provide FX Rate Information to DeFi Services (x-post from /Bitcoin) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Bitspark Launches Remittances to Nigeria at 14.4% better rate than FX using Bitcoin

We are delighted today to launch Remittances to Africa in our first foray into tackling the issues of sending money to the continent. Oh and that competitive pricing.... https://twitter.com/BitsparkBTC/status/860358430921510912
submitted by BitsparkHK to Bitcoin [link] [comments]

Bitspark Launches Remittances to Nigeria at 14.4% better rate than FX using Bitcoin

We are delighted today to launch Remittances to Africa in our first foray into tackling the issues of sending money to the continent. Oh and that competitive pricing.... https://twitter.com/BitsparkBTC/status/860358430921510912
submitted by BitsparkHK to btc [link] [comments]

Bitspark Launches Remittances to Nigeria at 14.4% better rate than FX using Bitcoin /r/Bitcoin

Bitspark Launches Remittances to Nigeria at 14.4% better rate than FX using Bitcoin /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitspark Launches Remittances to Nigeria at 14.4% better rate than FX using Bitcoin /r/btc

Bitspark Launches Remittances to Nigeria at 14.4% better rate than FX using Bitcoin /btc submitted by BitcoinAllBot to BitcoinAll [link] [comments]

BITCOIN Number 1 Strongest Currencies in 2016 Real-time FX Rates

BITCOIN Number 1 Strongest Currencies in 2016 Real-time FX Rates submitted by BitcoinAllBot to BitcoinAll [link] [comments]

12.7 PATCH NOTES

Dear Escapers!
We are glad to present you the preliminary patch notes for the 0.12.7 patch!
---
Added:
---
• Customs expansion (expansion of industrial area, construction site, added many new explorable buildings, stationary weapons, new location for Reshala spawn etc.)
• Added new scav boss - Sanitar.
A former doctor, he worked in the health resort "Lazurny bereg", and before that in the TerraGroup laboratory. After the events that happened in Tarkov, he gathered a gang with former colleagues and operates on the "Shoreline". Actively uses professional skills in combat, quickly healing himself and the gang members. He uses various stimulants and medications, including those of his own production. He can quickly perform surgery by pulling out a bullet or applying a tourniquet on the field. Sometimes he is loyal to the Scavs and can leave a couple of first-aid kits or other medical supplies for his own group members on location
• New quests on Shoreline
• System for reporting suspicious players, unacceptable nicknames and game bugs abusers (on the post-match screen)
Improved AI behavior:
• Bots can pick up items now
• Improved AI behavior when they see bodies
• Bots now can pick up a second firearm from bodies
• AI now can greet each other or player scavs, showing their peaceful intentions
• Bots will eat\drink while in peaceful mode
• AI will perform a mag check when in peaceful mode
• Bots can check someone for friend or foe by aiming at him for some time, if they’re not sure of one’s intentions
• Bots will sprint while patrolling if they consider the spot being dangerous
• AI will be able to storm the player as a group, if he’s holding position and attacking them
• AI will try to avoid dangerous places
---
New weapons:
---
• FN GL40 Grenade launcher
• Mossberg 590A1 Shotgun
---
New ammo:
---
• .366 AP-M
• .45 ACP Hydr-Shock
• 9x19 mm QuakeMaker
• 9x19 mm 7N31
• .45 ACP Lasermatch FMJ
• .45 ACP AP
• 7.62x51 mm M993
• 40x46 мм M381 HE
• 40x46 мм M386 HE
• 40x46 мм M406 HE
• 40x46 мм M433 HEDP
• 40x46 мм M441 HE
• 40x46 мм M576 buckshot
---
Added new stimulants:
---
• 3-(b-TG)
• L1 (Noradrenaline)
• P22 (Specimen 22)
• AHF1-M
• Meldonin
• "Obdolbos" cocktail
• M.U.L.E
• Added an additional icon for the network connection status in case of high packet loss
• In the container slots window, the container tag is now displayed in the header
---
Iteration of improving and reworking the skill system:
---
New skill "Surgery"
• Reduces HP penalty for surgery
• Improved surgery speed
• (Elite) No HP penalty for the restored body part
• (Elite) Maximum increase in the speed of surgery
New skill "Aim drills"
• Increase of the aiming speed
• Decrease the volume of aiming
• (Elite) No hand shaking at any stamina value, first 2 seconds after aiming
• (Elite) Reduced hands shaking during tremor and fracture, the first 2 seconds after aiming
Rework of the “Strength” skill
• Increase all weight limits
• Increase the speed of the sprint
• Increase the jump height
• Increase the strength of the grenade throw
• Increase the strength of a melee attack
• (Elite) The weight does not take into account the weapons on the sling and on the back
• (Elite) Melee attack can be stronger than usual
Rework of the "Endurance" skill
• Increased feet stamina
• Reduced stamina consumption for jumping
• Increased holding breath time when ads
• Increased the speed of breath recovery
• (Elite) Maximum increase in breathing recovery rate
• (Elite) Breathing is no longer dependent on energy
• (Elite) Increased stamina reserve
Various fixes in old skills
• Added 5 HP to the health of “Chest” zone (from 80 to 85)
---
Optimization:
---
• Optimized the rendering of decals
• Fixed freezes that happened when the sound of thunder or the sound of grenades exploding was played
• Optimized the performance of the game server
• Fixed an issue with killing the boss of a group of raiders who appeared on the scene after interacting with the trigger was leading to errors on the server
• Minor optimizations on the first shot or hit
• Optimization of hideout sounds
• Fixes of errors that could potentially lead to different freezes
---
Fixed:
---
• Iteration of fixes and corrections in UI
• Bug with the PostFX menu that remains on the screen after closing the settings
• Bug playing the sound of contusion if the sound is turned off in the settings
• Bug of jerky animation of shooting weapons in the Hideout shooting range
• The passage of raiders on the laboratory through the doors
• A bug that allowed you to quickly move when constantly tapping the "Run" button when overweight
• AS VAL with the handle adapter "Rotor 43" is now impossible to fold
• Inability to exit the location via the paid exit “Car”, if you reconnect at the start of the exfil timer
• Bug with throwing away the magazine when reloading the weapon via the context menu
• Error 228 when receiving items from an expired email
• Formulas for calculating prices for items with its resource and its commissions
• After the reconnect, the equipment that was not searched become searched
• The sound of the visor on/off remained at one point, and does not follow the character
• Bug that wouldn't block buttons on the bottom panel after reconnecting as a Scav
• Interface block if you go to the “Map” screen without a map
• Bug when the "Receive all" button opened only the first and last message with items
• Various bugs with switching the sound from “outdoor " to "indoor", and back, when reconnecting
• Bug of not blocking an item after it was added to the merchant's sales table
• Cartridges from packs of cartridges found in raid now have the status " found in the raid”
• Error when studying items from the scav box
• Fixes in the flea Market
• The search will be updated if you delete and add an item to the wish list
• Loss of a player's nickname and rating from the offer line after applying filters
• The “search by item" option now resets the selected filters
• Bug displaying the loading spinner on top of the list of offers
• The mount without the “Found in raid" label ceased to be semitransparent (blocked) in the selection of the item for the offer, if you put and remove the mod on it
• Bug when the merchant's avatar was flattened
• Incorrect tag behavior on marked items for a flea market offer if you select multiple items from the container, closing and opening the container
• Horizontal scrollbar on the product sales screen
• Bug when the player couldn't put 2 identical weapons on the flea market if one of them was included in the starter kit for pre-order
• Error 1508 - You send bad items- when putting an empty pack of cartridges on a flea Market
• Bug, when for buying through a flea market goods from npc merchants needed items found in raid
Fixed in weapon presets
• Displaying the indicator “you have mods to build” when there are no mods for the build in the stash
• Bug when the build could have been built with the wrong mod that was not in the preset
• Weapon disassembly bug if you build the same preset twice with the same weapon
• Ability to select items that are blocked for purchase, via the presets by clicking the button “Select all”
• Packs of items are no longer displayed in the purchase lists of preset mods
• The purchase lists of presets no longer display items the player's own offers
• Added an error about lack of space when purchasing preset mods
• Bug when opening presets through the lower panel that caused the game client to freeze
Fixed in the hideout
• Various fixes in the bitcoin farm
• White authorization screen if you improve the pre-order version while in the hideout
• Bug when it was possible to install a filter with zero resource in the “Water collector” and it could not be uninstalled
• Calculation of fuel consumption time in the “Generator " zone
• Bug duplicating the canister icon, when selecting a canister, in the “Generator" zone
• Various bugs in group chat
• Bugs with the discharge of weapons in the stash
• Incorrect position of the fire mod pin and the turn of the barrel of the PPSH
• Visual bug for displaying a zero bonus in the base level zones in the Hideout
• Visual bug with the availability of time selection before the raid on the Laboratory screen
• A bug where the player could spawn outside the location
• Spamming error NullReferenceException: MuzzleManager
• An error that occurs every time after treatment or getting a fracture
• "Failed to create device file" error that occurs during client downtime
• Errors when assigning voice commands
• Spamming error when a large number of bots are active in the offline mode
• Various errors while loading in raid
• Various bugs and issues with Customs location
• Various bugs and improvements related to AI
• Fixed a bug when bots didn't follow a grenade throw with a voiceline
• Fixed a handful of bugs related to bots getting stuck
• Fixed a bug where a Gluhar would not react to a killed in the head ally
• Fixed a bug when bots tried to heal a blacked out body part
• Bots are now able to treat debuffs on blacked out body parts again
• Fixed a handful of bugs with bots knocking out doors
• Other AI related bug fixes and improvements
• Various localization fixes and improvements
• Other minor bugs and issues
---
Changed:
---
• Now it is possible to examine items from the construction requirements screen in the Hideout
• Added displaying the time before the bleeding effect disappears in the stash
• Now if you are not matched to the raid within 45 minutes, the search will be canceled
• Updated SV-98 animation, hold, new animations when entering and exiting a sprint, new hold in the menu and on the loading screen
• Updated PPSH animation, hold, and new animations when entering and exiting a sprint
submitted by lordwerneo to EscapefromTarkov [link] [comments]

Patch .12.7 (Today 14:00 MSK) - Notes & Discussion

Edit: For those on New Reddit, we're trying out the "Event" style post, so you should see a start time listed above this post in your local timezone. It seems like it's a hour ahead for me, for whatever reason. Let me know if it works for you.
The installation of the patch has finished!
The installation of the patch has begun!
Regards to CptQ for this count-down timer for those not on new.reddit:
#Countdown Timer

Per the Official EFT Discord:

Tomorrow [The 27th], at 14.00 Moscow time we plan to start installation of the update 0.12.7. The game will be stopped. Installation of the update will take approximately 4 hours, but can be extended if necessary.
Twitter Post: https://twitter.com/bstategames/status/1287475159432081408
Check out the latest Raid Episode (#4): https://www.youtube.com/watch?v=2u8hkw2UTy4
Help our Wiki Editors out: https://old.reddit.com/EscapefromTarkov/comments/hyftjg/your_patchly_wiki_post/

FAQ:

Below are the patch notes for .12.7 :

___
Patch 0.12.7:
Added:
New ammo:
Added new stimulants:

Optimization:
Fixed:
Fixed in weapon presets
Fixed in the hideout
Changed:
submitted by Fwopp to EscapefromTarkov [link] [comments]

Cannot create wallet with Trezor

Hi guys, I am stuck trying to create a wallet for my Trezor with Electrum 4.0.4 on Linux:
I get to the point of entering the password twice and then selecting the path. But after that it just says
'Please wait' and then the window hangs. The only way to do something is either kill the process or send a `SIGINT` signal.
Interestingly after sending a SIGINT the window unfreezes and asks me again for the password (also during the whole freeze the Trezor device writes that I should enter my password). After entering the password again I get an empty error window and on closing it everything closes.
I started electrum with `electrum -v` to get some logs:
$ electrum -v I | logging | Electrum version: 4.0.4 - https://electrum.org - https://github.com/spesmilo/electrum I | logging | Python version: 3.8.6 (default, Sep 30 2020, 04:00:38) [GCC 10.2.0]. On platform: Linux-5.8.14-arch1-1-x86_64-with-glibc2.2.5 I | logging | Logging to file: None I | logging | Log filters: verbosity '*', verbosity_shortcuts '' I/p | plugin.Plugins | registering hardware bitbox02: ('hardware', 'bitbox02', 'BitBox02') I/p | plugin.Plugins | registering hardware coldcard: ('hardware', 'coldcard', 'Coldcard Wallet') I/p | plugin.Plugins | registering hardware digitalbitbox: ('hardware', 'digitalbitbox', 'Digital Bitbox wallet') I/p | plugin.Plugins | registering hardware keepkey: ('hardware', 'keepkey', 'KeepKey wallet') I/p | plugin.Plugins | registering hardware ledger: ('hardware', 'ledger', 'Ledger wallet') I/p | plugin.Plugins | registering hardware safe_t: ('hardware', 'safe_t', 'Safe-T mini wallet') I/p | plugin.Plugins | registering hardware trezor: ('hardware', 'trezor', 'Trezor wallet') I/p | plugin.Plugins | registering wallet type ('2fa', 'trustedcoin') D | util.profiler | Plugins.__init__ 0.0044 I/n | network | blockchains [0] I | exchange_rate.FxThread | using exchange CoinGecko D | util.profiler | Daemon.__init__ 0.0023 I/n | network | starting network I | daemon.Daemon | launching GUI: qt I/n | network | setting proxy None I | daemon.Daemon | starting taskgroup. I/n | network | connecting to electrumx.ftp.sh:50002:s as new interface I/n | network | starting taskgroup. I | gui.qt.history_list | could not import electrum.plot. This feature needs matplotlib to be installed. I | gui.qt.ElectrumGui | Qt GUI starting up... Qt=5.15.1, PyQt=5.15.1 I/i | interface.[localhost:50002] | connection established. version: ['ElectrumPersonalServer 0.2.0', '1.4'] D | util.profiler | ElectrumGui.__init__ 0.1374 I/i | interface.[vmd27610.contaboserver.net:50002] | disconnecting due to: ErrorGettingSSLCertFromServer(ConnectError(gaierror(-2, 'Name or service not known'))) I/n | network | couldn't launch iface vmd27610.contaboserver.net:50002:s -- CancelledError() I/i | interface.[electrumx.ftp.sh:50002] | disconnecting due to: ErrorGettingSSLCertFromServer(ConnectError(gaierror(-2, 'Name or service not known'))) I/n | network | couldn't launch iface electrumx.ftp.sh:50002:s -- CancelledError() I/i | interface.[rbx.curalle.ovh:50002] | disconnecting due to: ErrorGettingSSLCertFromServer(ConnectError(gaierror(-2, 'Name or service not known'))) I/i | interface.[2AZZARITA.hopto.org:50006] | connection established. version: ['ElectrumX 1.15.0', '1.4'] I/n | network | couldn't launch iface rbx.curalle.ovh:50002:s -- CancelledError() I/i | interface.[2AZZARITA.hopto.org:50006] | set blockchain with height 653567 I/i | interface.[2AZZARITA.hopto.org:50006] | skipping header 653566 I/n | network | no height for main interface I/n | network | fee_estimates {25: 46526, 10: 48176, 5: 50745, 2: 50750} I/i | interface.[hsmiths4fyqlw5xw.onion:50002] | disconnecting due to: ErrorGettingSSLCertFromServer(ConnectError(gaierror(-2, 'Name or service not known'))) I/n | network | couldn't launch iface hsmiths4fyqlw5xw.onion:50002:s -- CancelledError() I/n | network | switching to 2AZZARITA.hopto.org:50006:s I/i | interface.[electrum3.hodlister.co:50002] | connection established. version: ['ElectrumX 1.10.0', '1.4'] I/n | network | fee_histogram [[99, 100899], [71, 112316], [61, 132563], [59, 156116], [57, 175394], [54, 114050], [51, 219092], [49, 195934], [48, 565137], [47, 781451], [46, 883591], [45, 259824], [44, 450143], [43, 114488], [42, 22100], [41, 49428], [40, 106542], [38, 151315], [33, 547095], [22, 620244], [13, 648588], [9, 822409], [5, 741398], [3, 1799486], [2, 651429]] I/n | network | fee_histogram [[99, 100899], [71, 112316], [61, 132563], [59, 156116], [57, 175394], [54, 114050], [51, 219092], [49, 195934], [48, 565137], [47, 781451], [46, 883591], [45, 259824], [44, 450143], [43, 114488], [42, 22100], [41, 49428], [40, 106542], [38, 151315], [33, 547095], [22, 620244], [13, 648588], [9, 822409], [5, 741398], [3, 1799486], [2, 651429]] I/i | interface.[bitcoin.corgi.party:50002] | disconnecting due to: ErrorGettingSSLCertFromServer(ConnectError(gaierror(-5, 'No address associated with hostname'))) I/n | network | couldn't launch iface bitcoin.corgi.party:50002:s -- CancelledError() I/i | interface.[electrumx-core.1209k.com:50002] | disconnecting due to: ErrorGettingSSLCertFromServer(ConnectError(OSError(101, 'Network is unreachable'))) I/n | network | couldn't launch iface electrumx-core.1209k.com:50002:s -- CancelledError() I/i | interface.[electrum3.hodlister.co:50002] | set blockchain with height 653567 I/i | interface.[electrum3.hodlister.co:50002] | skipping header 653567 I/n | network | fee_estimates {25: 46526, 10: 48176, 5: 50745, 2: 50749} I/i | interface.[hsmiths5mjk6uijs.onion:50002] | disconnecting due to: ErrorGettingSSLCertFromServer(ConnectError(gaierror(-2, 'Name or service not known'))) I/n | network | couldn't launch iface hsmiths5mjk6uijs.onion:50002:s -- CancelledError() I/i | interface.[dxm.no-ip.biz:50002] | disconnecting due to: ErrorGettingSSLCertFromServer(ConnectError(ConnectionRefusedError(111, "Connect call failed ('77.6.34.45', 50002)"))) I/n | network | couldn't launch iface dxm.no-ip.biz:50002:s -- CancelledError() I/i | interface.[electrum2.eff.ro:50002] | disconnecting due to: ErrorGettingSSLCertFromServer(ConnectError(gaierror(-2, 'Name or service not known'))) I/n | network | couldn't launch iface electrum2.eff.ro:50002:s -- CancelledError() I/i | interface.[electrum.hsmiths.com:50002] | disconnecting due to: ConnectError(ConnectionResetError(104, 'Connection reset by peer')) I/n | network | couldn't launch iface electrum.hsmiths.com:50002:s -- CancelledError() I | storage.WalletStorage | wallet path /home/bene/.electrum/wallets/default_wallet I/i | interface.[bitcoin.aranguren.org:50002] | connection established. version: ['ElectrumX 1.15.0', '1.4'] I | storage.WalletStorage | wallet path /home/bene/.electrum/wallets/default_wallet I/i | interface.[bitcoin.aranguren.org:50002] | set blockchain with height 653567 I/i | interface.[bitcoin.aranguren.org:50002] | skipping header 653566 [240/1884] I/n | network | fee_estimates {25: 46526, 10: 48176, 5: 50745, 2: 50749} I/i | interface.[localhost:50002] | set blockchain with height 653567 I/i | interface.[localhost:50002] | skipping header 653567 I/n | network | fee_estimates {25: 46526, 10: 48175, 5: 50745, 2: 50749} I/p | plugin.Plugins | loaded bitbox02 I/p | plugin.Plugins | loaded coldcard I/p | plugin.Plugins | loaded digitalbitbox I/p | plugin.Plugins | loaded keepkey I/p | plugin.Plugins | loaded ledger I/p | plugin.Plugins | loaded safe_t I/p | plugin.Plugins | loaded trezor I | plugin.DeviceMgr | scanning devices... D | util.profiler | DeviceMgr.scan_devices 0.0244 W | gui.qt.installwizard.InstallWizard | error getting device infos for bitbox02: Missing libraries for bitbox02. // Make sure you install it with python3 W | gui.qt.installwizard.InstallWizard | error getting device infos for coldcard: Missing libraries for coldcard. // Make sure you install it with python3 W | gui.qt.installwizard.InstallWizard | error getting device infos for keepkey: Missing libraries for keepkey. // Make sure you install it with python3 W | gui.qt.installwizard.InstallWizard | error getting device infos for ledger: Missing libraries for ledger. // Make sure you install it with python3 W | gui.qt.installwizard.InstallWizard | error getting device infos for safe_t: Missing libraries for safe_t. // Make sure you install it with python3 I | plugins.trezor.qt.Plugin | connecting to device at webusb:001:3 I | plugins.trezor.qt.Plugin | connected to device at webusb:001:3 I | plugin.DeviceMgr | Registering My TREZOF3342BDD7C90C7F9FBA58136 I | plugin.DeviceMgr | scanning devices... D | util.profiler | DeviceMgr.scan_devices 0.0388 I/i | interface.[localhost:50002] | skipping header 653567 qt.qpa.xcb: QXcbConnection: XCB error: 3 (BadWindow), sequence: 4028, resource id: 14687032, major code: 40 (TranslateCoords), minor code: 0 I | plugin.DeviceMgr | scanning devices... D | util.profiler | DeviceMgr.scan_devices 0.0407 
This is the point where the window freezes. Then I precc `Ctrl+C` to send a SIGINT signal and then this is the rest of the logs:
I/n | network | couldn't launch iface technetium.network:50002:s -- TimeoutError() I/n | network | couldn't launch iface e2.keff.org:50002:s -- TimeoutError() I/n | network | couldn't launch iface electrum-server.ninja:50002:s -- TimeoutError() I/n | network | couldn't launch iface xray587.startdedicated.de:50002:s -- TimeoutError() I/n | network | couldn't launch iface electrum.mindspot.org:50002:s -- TimeoutError() I/i | interface.[electrum.leblancnet.us:50002] | disconnecting due to: ErrorGettingSSLCertFromServer(ConnectError(gaierror(-2, 'Name or service not known'))) I/n | network | couldn't launch iface electrum.leblancnet.us:50002:s -- CancelledError() I/i | interface.[ex01.axalgo.com:50002] | succeeded in getting cert I/i | interface.[electrumx.schulzemic.net:50002] | succeeded in getting cert ^CE | gui.qt.installwizard.InstallWizard | Traceback (most recent call last): File "/uslib/python3.8/site-packages/electrum/base_wizard.py", line 446, in on_hw_derivation xpub = self.plugin.get_xpub(device_info.device.id_, derivation, xtype, self) File "/uslib/python3.8/site-packages/electrum/plugins/trezotrezor.py", line 315, in get_xpub xpub = client.get_xpub(derivation, xtype) File "/uslib/python3.8/site-packages/electrum/plugin.py", line 362, in wrapper return run_in_hwd_thread(partial(func, *args, **kwargs)) File "/uslib/python3.8/site-packages/electrum/plugin.py", line 355, in run_in_hwd_thread return fut.result() File "/uslib/python3.8/concurrent/futures/_base.py", line 434, in result self._condition.wait(timeout) File "/uslib/python3.8/threading.py", line 302, in wait waiter.acquire() KeyboardInterrupt I/i | interface.[ex01.axalgo.com:50002] | connection established. version: ['ElectrumX 1.14.0', '1.4'] I/i | interface.[electrumx.schulzemic.net:50002] | connection established. version: ['ElectrumX 1.15.0', '1.4'] I/i | interface.[ex01.axalgo.com:50002] | set blockchain with height 653567 I/i | interface.[ex01.axalgo.com:50002] | skipping header 653567 I/n | network | fee_estimates {25: 46526, 10: 48176, 5: 50745, 2: 50749} I/i | interface.[electrumx.schulzemic.net:50002] | set blockchain with height 653567 I/i | interface.[electrumx.schulzemic.net:50002] | skipping header 653567 I/n | network | fee_estimates {25: 46526, 10: 48176, 5: 50745, 2: 50749} I/n | network | couldn't launch iface dragon085.startdedicated.de:50002:s -- TimeoutError() I/i | interface.[btc.electroncash.dk:60002] | succeeded in getting cert I/i | interface.[mxhwmwa3nt2si4ufszm24whlpkruu74jle27ys2fyjuiifbbrub6thyd.onion:50006] | disconnecting due to: ErrorGettingSSLCertFromServer(ConnectError(gaierror(-2, 'Name or service not known'))) I/n | network | couldn't launch iface mxhwmwa3nt2si4ufszm24whlpkruu74jle27ys2fyjuiifbbrub6thyd.onion:50006:s -- CancelledError() I/i | interface.[electrum2.villocq.com:50002] | disconnecting due to: ErrorGettingSSLCertFromServer(ConnectError(gaierror(-5, 'No address associated with hostname'))) I/n | network | couldn't launch iface electrum2.villocq.com:50002:s -- CancelledError() I/i | interface.[btc.electroncash.dk:60002] | connection established. version: ['ElectrumX 1.15.0', '1.4'] I/i | interface.[btc.electroncash.dk:60002] | set blockchain with height 653567 I/i | interface.[btc.electroncash.dk:60002] | skipping header 653567 I/n | network | fee_estimates {25: 46526, 10: 48176, 5: 50745, 2: 50749} I/i | interface.[btc.electrum.bitbitnet.net:50002] | connection established. version: ['ElectrumX 1.15.0', '1.4'] I/i | interface.[btc.electrum.bitbitnet.net:50002] | set blockchain with height 653567 [169/1884] I/i | interface.[btc.electrum.bitbitnet.net:50002] | skipping header 653567 I/n | network | fee_estimates {25: 46526, 10: 48176, 5: 50745, 2: 50749} I | plugin.DeviceMgr | scanning devices... D | util.profiler | DeviceMgr.scan_devices 0.0394 W | gui.qt.installwizard.InstallWizard | error getting device infos for bitbox02: Missing libraries for bitbox02. // Make sure you install it with python3 W | gui.qt.installwizard.InstallWizard | error getting device infos for coldcard: Missing libraries for coldcard. // Make sure you install it with python3 W | gui.qt.installwizard.InstallWizard | error getting device infos for keepkey: Missing libraries for keepkey. // Make sure you install it with python3 W | gui.qt.installwizard.InstallWizard | error getting device infos for ledger: Missing libraries for ledger. // Make sure you install it with python3 W | gui.qt.installwizard.InstallWizard | error getting device infos for safe_t: Missing libraries for safe_t. // Make sure you install it with python3 I/i | interface.[bitcoin.aranguren.org:50002] | skipping header 653567 E | daemon.Daemon | GUI raised exception: ReRunDialog(). shutting down. I | gui.qt.ElectrumGui | closing GUI I | daemon.Daemon | shutting down network I/n | network | stopping network I/n | network | couldn't launch iface electrum.hodlister.co:50002:s -- CancelledError() I/n | network | couldn't launch iface orannis.com:50002:s -- CancelledError() I/i | interface.[localhost:50002] | disconnecting due to: CancelledError() I/i | interface.[electrumx.schulzemic.net:50002] | disconnecting due to: CancelledError() I/i | interface.[ex01.axalgo.com:50002] | disconnecting due to: CancelledError() I/i | interface.[2AZZARITA.hopto.org:50006] | disconnecting due to: CancelledError() I/i | interface.[btc.electroncash.dk:60002] | disconnecting due to: CancelledError() I/i | interface.[electrum3.hodlister.co:50002] | disconnecting due to: CancelledError() I/i | interface.[btc.electrum.bitbitnet.net:50002] | disconnecting due to: CancelledError() I/i | interface.[bitcoin.aranguren.org:50002] | disconnecting due to: CancelledError() I/n | network | taskgroup stopped. I | daemon.Daemon | stopping taskgroup I | daemon.Daemon | taskgroup stopped. I | daemon.Daemon | removing lockfile I | daemon.Daemon | stopped E | __main__ | daemon.run_gui errored Traceback (most recent call last): File "/uslib/python3.8/site-packages/electrum/gui/qt/installwizard.py", line 118, in func_wrapper run_next(*out) File "/uslib/python3.8/site-packages/electrum/base_wizard.py", line 193, in on_wallet_type self.run(action) File "/uslib/python3.8/site-packages/electrum/base_wizard.py", line 115, in run f(*args, **kwargs) File "/uslib/python3.8/site-packages/electrum/base_wizard.py", line 225, in choose_keystore self.choice_dialog(title=title, message=message, choices=choices, run_next=self.run) File "/uslib/python3.8/site-packages/electrum/gui/qt/installwizard.py", line 106, in func_wrapper out = func(*args, **kwargs) File "/uslib/python3.8/site-packages/electrum/gui/qt/installwizard.py", line 594, in choice_dialog self.exec_layout(vbox, title) File "/uslib/python3.8/site-packages/electrum/gui/qt/installwizard.py", line 429, in exec_layout raise GoBack from None electrum.base_wizard.GoBack The above exception was the direct cause of the following exception: Traceback (most recent call last): File "/usbin/electrum", line 380, in  d.run_gui(config, plugins) File "/uslib/python3.8/site-packages/electrum/daemon.py", line 566, in run_gui self.gui_object.main() File "/uslib/python3.8/site-packages/electrum/gui/qt/__init__.py", line 363, in main if not self.start_new_window(path, self.config.get('url'), app_is_starting=True): File "/uslib/python3.8/site-packages/electrum/gui/qt/__init__.py", line 247, in wrapper return func(self, *args, **kwargs) File "/uslib/python3.8/site-packages/electrum/gui/qt/__init__.py", line 271, in start_new_window wallet = self._start_wizard_to_select_or_create_wallet(path) File "/uslib/python3.8/site-packages/electrum/gui/qt/__init__.py", line 313, in _start_wizard_to_select_or_create_wallet wizard.run('new') File "/uslib/python3.8/site-packages/electrum/base_wizard.py", line 115, in run f(*args, **kwargs) File "/uslib/python3.8/site-packages/electrum/base_wizard.py", line 153, in new self.choice_dialog(title=title, message=message, choices=choices, run_next=self.on_wallet_type) File "/uslib/python3.8/site-packages/electrum/gui/qt/installwizard.py", line 131, in func_wrapper raise ReRunDialog() from e electrum.base_wizard.ReRunDialog I/p | plugin.Plugins | stopped 
submitted by bIacktemplar to Electrum [link] [comments]

How does the BitQT App work?

How does the BitQT App work?

https://preview.redd.it/81cx1yfe1pm51.jpg?width=474&format=pjpg&auto=webp&s=2ceddeda7d5dc0be5c7d4b4dfa7a715baac65b3a
In the later part of websites are the testimonials screaming out loud regarding their success.BitQT review can be quiet judgemental at this point as a result of neither these testimonials prove the legitimacy of the web site nor the live profit reviews account such
You extremely want to understand that if you opt to speculate you’ll surely not visiting recover. TheBitQT just prove this by themselves stating it not being on affiliate terms with others. Something that’s claiming that you simply’ll earn 110zero greenbacks every day is doing a true-time scam job
Perhaps, theBitQT states advertising itself on Times, CNN and Forbes however neither of them found supportive during this regard. You'll check it all by yourself. This is often the sound proof of its scamming regime throughout the globe
It doesn’t have that laser-accurate performance as in trading bitcoin you can never guarantee the minimum amount of profit you be earning the other day. Its what happens when trading with Forex

Many of the websites agree onto the proficiency ofBitQT negating the crucial and impactful proves I shared with you higher than. They are saying it’s flawless. Will something be this flawless letting you earn regarding one thousand bucks each day without charging a penny? The automated transactions are known to be deposited directly into the user’s account that is nowhere to find affiliation with. Undoubtedly, most of the revealing sites have the only supportive argument beginning with, ‘As the review suggests’. Do raise yourselves, is that this the legitimate way to prove legitimacy ofBitQT
They too argue regarding the legitimate verification method. That’s the explanation why there’s a number of complaints with reference to the current. If these products would have really worked, why not each single person select to remain off from their offices integrating with it somehow:

Merely head to the SIGN-UP section on theBitQT site, fill in your personal info, and present your registration. When acknowledged, you'll be able to be able to access our restrictive Bitcoin exchanging

To induce your exchange account in progress, you’ll have to include some assets. WithBitQT, you can create a initial investment of as low as $250, although you'll be able to contribute as a lot of as you wantoy
Since your enlistment has been acknowledged and you’ve invested some funds, you’re fully done. Simply click on ‘trade’ to receive the rewards ofBitQT’s highly rated algorithm. In case you need a hands-on approach, you can shift to manual operation by changing the settings

There’s no harm in trading in terms of cryptocurrency. We have a tendency to’re not against it. But we tend to really aim to reveal the very fact thatBitQT isn't a legitimate website to believe during this case. To actually invest in bitcoin you initially want to shop for a bitcoin wallet so as to store all bitcoins. a series of blockchain integrations which permits you to top-up and earn.

But, as stated earlier you’ve no actual guarantee concerning the number you wish to earn. Secondly, you wish to integrate your bitcoin wallet to your account and then you’ll be ready to head towards the foremost step. Here, you’ll jin a bitcoin exchange system for trading bitcoin for any different traditional currencies of the market.

It works well solely if you for legitimate sites for functioning and planning. Perhaps, it too needs a nice amount of ability and we never promise you to begin earning when you join Bitcoin Exchanger somehow. This was all aboutBitQT Review as a full fulling the aim of alerting the scam going around.


Money Forex Cluster scamThe Cash Forex Group is run by a company named CFxG which allegedly was founded by a team of experts in all kinds of areas, mainly education in the monetary trading field and network promoting.

https://preview.redd.it/0gc7ga9f1pm51.jpg?width=474&format=pjpg&auto=webp&s=5c031ac047e635c47d3ee592ab9235878613c890
These experts and their automated trading system will supposedly facilitate your to form heaps of cash. In trading solely you'll allegedly make fifteenp.c weekly on your investments. Then there are referral programs and multi-level structures that can boost your income even more. Is that t
Money FX Group scamLet’s begin this Money Forex Group review by stating the obvious, this scheme may be a total scam, you just have to look at the numbers.BitQT

When they promise you fifteen%+ weekly, it means that 60percent+ monthly, which is totally ridiculous in the important world. It means a lot of than 560zeropercent per year, therefore you'd need solely $18,00zero greenbacks to become a millionaire within year. And this is often plain impossible.

No legitimate business can create you a gradual fifteenpercent weekly, no financial markets are that predictable and that easy to trade. It may appear straightforward to you, but it really is this straightforward, a program promising fifteenp.c weekly should be a scam, there is no alternative method, the Money FX Group is a scam.

However there is additional to go through in this review.
Massive lies

Money FX Cluster testimonialThe Money Forex Cluster claims to be regulated by the subsequent institutions: FAC – Financial Conduct Authority of London, DFSA – Monetary Services Authority in Dubai, FSCA – Monetary Sector Conduct Authority of South Africa and FSA – the Monetary Services Authority of Seychelles.

But guess what, the FAC will not even exist, while the others (DFSA, FSCA and FSA) haven't issued any license whatsoever to Cash Forex Cluster. Therefore not only Money FX Group is not regulated at all, it conjointly is lying huge time regarding its regulatory status.

The fact is that it's no license whatsoever, so it cannot supply investment services legally in most countries.

This is often conjointly why they want you to deposit cryptocurrencies, they wish to remain as anonymous as potential, so that they will run away along with your cash.
Regulatory warning

Not long when we have a tendency to printed our analysis, the Financial Conduct Authority (financial regulator in Nice Britain) came up with its own warning.

The regulator said that CashFX is providing investment services without the mandatory authorization and advised the public to remain off from it. This is often a very serious argumentBiTQT.

It'd be terribly unwise to deposit money with an unregulated and basically anonymous entity, as a result of it would not be protected in any means. No matter where the cash finally ends up, this program is promising you impossible returns on investments, which in itself confirms that something is wrong.
How it works

Let’s end this Cash Forex Group review by explaining the essential principle of this investment program. It's a Ponzi theme that does no real economic activity. It just collects money from individuals and may pay out some profits, but the most recent clients’ deposits can be used for that.

This will have an inevitable outcome, the system can sooner or later crumble. It's simply a matter of your time when there can be not enough deposits to hide withdrawals and also the inevitable end can

Nobody has not been paid, that is NOBODY ….. after all you can't compound or upgrade your CFX account unless you withdraw (get paid) …. CFX are not regulated…. as a result of they use a Regulated broker (everfx) to trade…so that information is also incorrect…and judging by the actual members comments….I’d say, members are happy….. long might that continue. BUT, you must never place in more than you are prepared to lose (In SOMETHING). However do correct analysis, ask

members, don’t rely on people that play safe and stay poor. Do your own due diligence. (ps MOST sites that decision each business out as a scam…have their own links…..promoting guess what ? ….tip. SCAMS ! Beware.

https://www.cryptoerapro.com/bitqt/


http://www.cryptoerapro.com/

https://twitter.com/cryptoerapro

https://www.instagram.com/cryptoerapro/

https://www.pinterest.co.uk/cryptoerapro/

https://www.facebook.com/cryptoerapro
submitted by bitqtadvantage to u/bitqtadvantage [link] [comments]

[Change my view] Bitcoin is not succeeding because you don't want it to (in some form). 10.000$ per coin is a problem.

I have been somewhat critical in CCs but see their potential. I see the appeal of not having a central bank, I however also see the problem if there is no central bank (e.g. enacting monetary policy will be much much harder).
For me the largest problem is that "Bitcoin getting up in value" and exploding to 10,15,20k € in value is seen as a good thing. I think that's a problem. You're basically basing the whole intrinsic value of Bitcoin on its exchange rate against fiat currencies. Sure, FX is important economically later but shouldn't the focus be on using it as actual money? I feel like a lot of hype and focus is based on the value of Bitcoin translated as "how much US$ do I get when I give my Bitcoin away again". If you don't (or can't) use it to trade goods, it basically is just some overhyped speculation instrument and all that bull around decentralized, etc doesn't matter, you could just as well trade some stock. It seems like the absolute majority of people try to ultimately get more fiat money through CC trading, I still haven't seen much of a primary use as a currency so far.
But maybe I'm no seeing something. So enlighten me - why is the by far primary focus revolving around the exchange rate rather than the use as an actual means of payment, why is it seen as a good thing when Bitcoin explodes in value measured by fiat exchange rate (that just seems to make it more difficult to use it as a means to pay for goods...?) and why is the effort not focussing on enabling and creating an economy around the currency rather than "trying to get rich quick" efforts?
submitted by freistil90 to Bitcoin [link] [comments]

Nigerians Are Using Bitcoin to Bypass International Trade Hurdles

Chukwuemeka Ezike sends thousands of dollars worth of bitcoin a month in order to trade with Chinese exporting companies.
In return, he receives spare auto parts, construction equipment, and juices for a family business his father started more than 30 years ago. Ezike works full-time at Singapore-based crypto exchange Huobi as its community manager but helps with his family’s business on the side.
He says bitcoin is faster than exchanging currencies the old-fashioned way. And he can use it to leapfrog bank limits of $10,000 a day, which he often needs to do.
Ezike doesn’t pay the manufacturer directly. Over WeChat, he works with a middleman named “Allen” who exchanges Ezike’s bitcoin for renminbi, China’s national currency, and then passes it on to the manufacturer. Ezike couldn’t divulge which companies he deals with, saying, “The Chinese are sensitive with the data that’s shared.”
He’s one of several Nigerians using bitcoin for this purpose. Ezike even helps other Nigerian companies make similar cross-border transactions with bitcoin.

Using bitcoin for global trade

In several ways, bitcoin makes sense for global trade. The currency jumps borders with ease, where other currencies encounter friction. If the counterparty is willing to receive bitcoin on the other end, it’s often faster and cheaper than legacy payments. But this can be a big “if,” since bitcoin is a newer way of transferring money and people aren’t exactly used to it quite yet.
While bitcoin has these nimble properties, it hasn’t disrupted international trade and value transfer just yet, especially given the currency’s current limitations. If more people use bitcoin at once, the network becomes congested and payments slow down.
Behind the scenes, developers around the world are working on the Lightning Network to fix these problems, so that more people, maybe one day even millions, can all use bitcoin regularly without seeing a spike in fees and sluggish transactions.
All that said, some Nigerians are becoming reliant on using bitcoin as a way to trade internationally, and are finding bitcoin has significant benefits over legacy financial systems.

Foreign exchange woes

Nigerian bitcoin entrepreneur Chimezie Chuta has another theory for why some are using bitcoin for trade with China and beyond.
Like most other countries in an increasingly globalized world, Nigeria imports a significant percentage of the goods that it uses. As Chimezie Chuta put it: “Nigeria is a very import-heavy country. Food industry, drugs, you name it, construction equipment, cars.” Much of these goods are bought from Chinese manufacturers. “Nigeria’s economy is heavily import dependent and China is a major import partner to Nigeria,” Chuta adds.
Nigerians have to struggle with this process, though. “Access to [foreign exchange (FX)] for importation by Nigerian business owners is highly limited because the [Central Bank of Nigeria (CBN)] has limited liquidity to cater for everyone,” Chuta told CoinDesk.
If Nigerians want to reap the benefits of trade, they need to hunt down a way to exchange their naira (Nigeria’s national currency) for other currencies. In Nigeria, finding U.S. dollars or Chinese remnibi is not an easy task. “Importers typically rely on the black market for the additional FX needed and that comes at a very high price,” Chuta said. This phenomenon has been covered in Bloomberg, for instance.
This is one of the other reasons Ezike has turned to bitcoin as an alternative. “The hustle for [the] dollar and all that is quite a thing I love to avoid,” Ezike told CoinDesk.
With bitcoin, he can “take out all international banking routing processes,” he said.
Others are reaching the same conclusion.
“Chinese exporters have expressed willingness to accept bitcoin payments for their goods; hence, many business people in Nigeria find it more convenient to make such payments with bitcoin for obvious reasons,” Chuta said, adding that bitcoin is speedier, open and trustless.

More naira problems

Entrepreneur Monyei Chinazaekpele was able to buy clothes, COVID-19 masks and tests from House of Trippy in China, to resell to customers in Nigeria.
He decided to use bitcoin after experiencing mounting frustration with current banking limitations, especially their impact on global trade. “I was enlightened about the monetary policies on the ground. I was shocked to my nerve,” he told CoinDesk.
Chinazaekpele reiterated Chuta and Ezike’s point that foreign exchange is tough in Nigeria. “You can’t easily switch to other currencies,” he said, adding that he’s hopeful it’s just “a matter of time” before this situation improves.
“Basically, bitcoin is stress free to use and honestly, the naira is not a good store of value,” Chinazaekpele said, pointing to the naira’s 12% inflation rate, which means the value of the currency depreciates by that much value every year.
Bitcoin’s price fluctuates, and sometimes the price goes down. But Chinazaekpele argues that bitcoin generally doesn’t have this inflation problem, since over the long term the price has been going up.
Chinazaekpele’s also looking to buy a cashew processor with bitcoin, but he’s still working out the details with the factory, which is also located in China.

Keeping it on the down-low

All this trade with bitcoin is happening behind the scenes. Businessmen and women on the ground aren’t exactly eager to publicize that they’re using bitcoin for international trade. For one, the legality of cryptocurrency is fuzzy in the region.
The CBN has issued several warnings to banks. The latest in 2018 advised banks “not to use, hold or transact in any way with the technology.”
“In the bitcoin space we don’t know what reaction to expect, so we try to be a little bit discrete,” Ezike told CoinDesk. That’s why he doesn’t want to reveal the name of his father’s importing business. By only revealing his individual name, he’s less fearful that the Nigerian government will “attack” the business.
“We have had accounts frozen at some point due to bitcoin transactions,” Ezike said. “We had to appeal to re-open them.”
He added that it’s the same situation in China, which is why the people he transacts with there “ensure they [keep] a low profile.”
As for the relationship between the government in Nigeria and crypto, Ezike said that “they are really confused about what to do with it. But hopefully they will embrace it.”
https://www.coindesk.com/nigeria-using-bitcoin-trade-with-china
submitted by vegasbm to Nigeria_FreeSpeech [link] [comments]

Patch Notes Thread

Dear Escapers!
We are glad to present you the preliminary patch notes for the 0.12.7 patch!
Added:
• Customs expansion (expansion of industrial area, construction site, added many new explorable buildings, stationary weapons, new location for Reshala spawn etc.)
• Added new scav boss - Sanitar.
A former doctor, he worked in the health resort "Lazurny bereg", and before that in the TerraGroup laboratory. After the events that happened in Tarkov, he gathered a gang with former colleagues and operates on the "Shoreline". Actively uses professional skills in combat, quickly healing himself and the gang members. He uses various stimulants and medications, including those of his own production. He can quickly perform surgery by pulling out a bullet or applying a tourniquet on the field. Sometimes he is loyal to the Scavs and can leave a couple of first-aid kits or other medical supplies for his own group members on location
• New quests on Shoreline
• System for reporting suspicious players, unacceptable nicknames and game bugs abusers (on the post-match screen)
Improved AI behavior:
• Bots can pick up items now
• Improved AI behavior when they see bodies
• Bots now can pick up a second firearm from bodies
• AI now can greet each other or player scavs, showing their peaceful intentions
• Bots will eat\drink while in peaceful mode
• AI will perform a mag check when in peaceful mode
• Bots can check someone for friend or foe by aiming at him for some time, if they’re not sure of one’s intentions
• Bots will sprint while patrolling if they consider the spot being dangerous
• AI will be able to storm the player as a group, if he’s holding position and attacking them
• AI will try to avoid dangerous places
New weapons:
• FN GL40 Grenade launcher
• Mossberg 590A1 Shotgun
New ammo:
• .366 AP-M
• .45 ACP Hydr-Shock
• 9x19 mm QuakeMaker
• 9x19 mm 7N31
• .45 ACP Lasermatch FMJ
• .45 ACP AP
• 7.62x51 mm M993
• 40x46 мм M381 HE
• 40x46 мм M386 HE
• 40x46 мм M406 HE
• 40x46 мм M433 HEDP
• 40x46 мм M441 HE
• 40x46 мм M576 buckshot
Added new stimulants:
• 3-(b-TG)
• L1 (Noradrenaline)
• P22 (Specimen 22)
• AHF1-M
• Meldonin
• "Obdolbos" cocktail
• M.U.L.E
• Added an additional icon for the network connection status in case of high packet loss
• In the container slots window, the container tag is now displayed in the header
Iteration of improving and reworking the skill system:
New skill "Surgery"
• Reduces HP penalty for surgery
• Improved surgery speed
• (Elite) No HP penalty for the restored body part
• (Elite) Maximum increase in the speed of surgery
New skill "Aim drills"
• Increase of the aiming speed
• Decrease the volume of aiming
• (Elite) No hand shaking at any stamina value, first 2 seconds after aiming
• (Elite) Reduced hands shaking during tremor and fracture, the first 2 seconds after aiming
Rework of the “Strength” skill
• Increase all weight limits
• Increase the speed of the sprint
• Increase the jump height
• Increase the strength of the grenade throw
• Increase the strength of a melee attack
• (Elite) The weight does not take into account the weapons on the sling and on the back
• (Elite) Melee attack can be stronger than usual
Rework of the "Endurance" skill
• Increased feet stamina
• Reduced stamina consumption for jumping
• Increased holding breath time when ads
• Increased the speed of breath recovery
• (Elite) Maximum increase in breathing recovery rate
• (Elite) Breathing is no longer dependent on energy
• (Elite) Increased stamina reserve
Various fixes in old skills
• Added 5 HP to the health of “Chest” zone (from 80 to 85)
Optimization:
• Optimized the rendering of decals
• Fixed freezes that happened when the sound of thunder or the sound of grenades exploding was played
• Optimized the performance of the game server
• Fixed an issue with killing the boss of a group of raiders who appeared on the scene after interacting with the trigger was leading to errors on the server
• Minor optimizations on the first shot or hit
• Optimization of hideout sounds
• Fixes of errors that could potentially lead to different freezes
Fixed:
• Iteration of fixes and corrections in UI
• Bug with the PostFX menu that remains on the screen after closing the settings
• Bug playing the sound of contusion if the sound is turned off in the settings
• Bug of jerky animation of shooting weapons in the Hideout shooting range
• The passage of raiders on the laboratory through the doors
• A bug that allowed you to quickly move when constantly tapping the "Run" button when overweight
• AS VAL with the handle adapter "Rotor 43" is now impossible to fold
• Inability to exit the location via the paid exit “Car”, if you reconnect at the start of the exfil timer
• Bug with throwing away the magazine when reloading the weapon via the context menu
• Error 228 when receiving items from an expired email
• Formulas for calculating prices for items with its resource and its commissions
• After the reconnect, the equipment that was not searched become searched
• The sound of the visor on/off remained at one point, and does not follow the character
• Bug that wouldn't block buttons on the bottom panel after reconnecting as a Scav
• Interface block if you go to the “Map” screen without a map
• Bug when the "Receive all" button opened only the first and last message with items
• Various bugs with switching the sound from “outdoor " to "indoor", and back, when reconnecting
• Bug of not blocking an item after it was added to the merchant's sales table
• Cartridges from packs of cartridges found in raid now have the status " found in the raid”
• Error when studying items from the scav box
• Fixes in the flea Market
• The search will be updated if you delete and add an item to the wish list
• Loss of a player's nickname and rating from the offer line after applying filters
• The “search by item" option now resets the selected filters
• Bug displaying the loading spinner on top of the list of offers
• The mount without the “Found in raid" label ceased to be semitransparent (blocked) in the selection of the item for the offer, if you put and remove the mod on it
• Bug when the merchant's avatar was flattened
• Incorrect tag behavior on marked items for a flea market offer if you select multiple items from the container, closing and opening the container
• Horizontal scrollbar on the product sales screen
• Bug when the player couldn't put 2 identical weapons on the flea market if one of them was included in the starter kit for pre-order
• Error 1508 - You send bad items- when putting an empty pack of cartridges on a flea Market
• Bug, when for buying through a flea market goods from npc merchants needed items found in raid
Fixed in weapon presets
• Displaying the indicator “you have mods to build” when there are no mods for the build in the stash
• Bug when the build could have been built with the wrong mod that was not in the preset
• Weapon disassembly bug if you build the same preset twice with the same weapon
• Ability to select items that are blocked for purchase, via the presets by clicking the button “Select all”
• Packs of items are no longer displayed in the purchase lists of preset mods
• The purchase lists of presets no longer display items the player's own offers
• Added an error about lack of space when purchasing preset mods
• Bug when opening presets through the lower panel that caused the game client to freeze
Fixed in the hideout
• Various fixes in the bitcoin farm
• White authorization screen if you improve the pre-order version while in the hideout
• Bug when it was possible to install a filter with zero resource in the “Water collector” and it could not be uninstalled
• Calculation of fuel consumption time in the “Generator " zone
• Bug duplicating the canister icon, when selecting a canister, in the “Generator" zone
• Various bugs in group chat
• Bugs with the discharge of weapons in the stash
• Incorrect position of the fire mod pin and the turn of the barrel of the PPSH
• Visual bug for displaying a zero bonus in the base level zones in the Hideout
• Visual bug with the availability of time selection before the raid on the Laboratory screen
• A bug where the player could spawn outside the location
• Spamming error NullReferenceException: MuzzleManager
• An error that occurs every time after treatment or getting a fracture
• "Failed to create device file" error that occurs during client downtime
• Errors when assigning voice commands
• Spamming error when a large number of bots are active in the offline mode
• Various errors while loading in raid
• Various bugs and issues with Customs location
• Various bugs and improvements related to AI
• Fixed a bug when bots didn't follow a grenade throw with a voiceline
• Fixed a handful of bugs related to bots getting stuck
• Fixed a bug where a Gluhar would not react to a killed in the head ally
• Fixed a bug when bots tried to heal a blacked out body part
• Bots are now able to treat debuffs on blacked out body parts again
• Fixed a handful of bugs with bots knocking out doors
• Other AI related bug fixes and improvements
• Various localization fixes and improvements
• Other minor bugs and issues
Changed:
• Now it is possible to examine items from the construction requirements screen in the Hideout
• Added displaying the time before the bleeding effect disappears in the stash
• Now if you are not matched to the raid within 45 minutes, the search will be canceled
• Updated SV-98 animation, hold, new animations when entering and exiting a sprint, new hold in the menu and on the loading screen
• Updated PPSH animation, hold, and new animations when entering and exiting a sprint
submitted by MiNNOCENTWORKACCOUNT to TheScavLands [link] [comments]

The Fundamentals of Bitcoin Trading/Bitcoin storm

The Fundamentals of Bitcoin Trading/Bitcoin storm
First, equities: Expected earnings are down across the board, presumably by a whopping quantity. A number of weeks ago, within the U.S. and Europe, business was humming along, albeit with trepidation. Currently, bars and restaurants are closed in many population centers, events are cancelled, outlets are shut, planes are grounded…. The list of sectors impacted by the required virus precautions is long and alarming.
https://preview.redd.it/70gmkkotxdf51.jpg?width=730&format=pjpg&auto=webp&s=23390e052c04b6bbb5309af4b52422963edb3192

Next, government bonds: If there’s one issue the bond market hates, it’s inflation. The unwinding of globalization as a results of constricting offer chains can push up manufacturing costs which will feed through to costs. Liberally sprinkle cash round the system within the hopes of stimulating spending, in an exceedingly provide crisis, and you add to the inflationary pressure. Nominal yields on public debt are at traditionally low levels; inflation can push even additional real yields into negative territory.
As for company bonds, the sharp drop in earnings not to mention increasing costs might trigger a wave of defaults.
What about gold? The traditional shelter can in all probability do well within the medium term as investors bear in mind its anti-inflationary properties. Gold traditionally outperforms in low-rate environments – no shortage of those these days. Plus, its lack of income makes it less prone to drops in economic activity.
And then there’s Bitcoin storm. Its high volatility makes it unsuitable for several investors. However those who think gold makes sense in this world gone mad are presumably going to take a closer look, particularly once the perspective-changing storm we’ve simply weathered (with in all probability a lot of to come back). Even those skeptical of gold’s place in an exceedingly diversified portfolio are sure to be curious about a digital alternative that solves for a number of the metal’s weak points while revealing relationships with the broader economy that no other asset has
Last week I wrote concerning how it’s not a secure haven. Here’s the issue: it doesn’t want to be.
See additionally: As This Crisis Worsens, Bitcoin storm Will Become a secure Haven Once more
For those worried regarding inflation, Bitcoin storm is even additional resistant than gold. Its laborious cap and pre-programmed provide are resistant to fluctuations in value. A sharp jump in the price of gold, but, is possible to bring a lot of offer onto the market as production ramps up, and could even impact the estimated provide limit as various mining ways become profitable.

https://preview.redd.it/3usx9o3wxdf51.jpg?width=474&format=pjpg&auto=webp&s=1f5ede5e81d642b6bc33c76fb5e617d987bf6219
For those worried concerning a pointy economic slump, Bitcoin storm is practically the sole asset indirectly impacted by macroeconomics. There’s no income to chop and no offer chains to hinder access. External factors like energy prices and supply chains will impact miner economics, but Bitcoin storm itself adjusts for shifts in the upkeep of its network. When miners close down, Bitcoin storm becomes chper to mine, that eventually makes the enterprise profitable again.

What makes Bitcoin storm even more of a distinctive asset class is it can be indirectly impacted by macroeconomics, in a very huge approach. The impact will come from many vectors, however particularly loose monetary policy, the currency markets, emerging economies and populist tendencie
1) Loose monetary policy: With central banks around the planet hitting the markets with no matter they'll, cash offer constraints have been thrown out the window. As this crisis unfolds, the number of money that can enter the system to help out not only markets but additionally voters and firms can dwarf what we tend to saw in 2008. Back then, the markets were threatening to drive the economy into a wall, therefore reassuring them was paramount. Currently the threat to the economy is driving markets into the wall. The usual ways that assuage market panics aren’t visiting stimulate demand that's reeling from mandated shutdowns, job losses and generalized worry.
Printing cash may maybe facilitate if it really gets into the hands of the consumers, but that can produce inflationary pressure in an economy with no tools left to fight it. The usual anti-inflation weapon is raising interest rates – but doing that during a heavily indebted surroundings might trigger waves of company and even sovereign defaults.
Growing inflationary pressures and steady currency debasement will presumably increase interest in disinflationary assets like Bitcoin storm and gold which will additionally be used for payment in some circumstances.
a pair of) Currency markets: Investors around the globe are fleeing into bucks, pushing up its worth relative to different currencies. This might facilitate the U.S. client by making imports cheaper, if imports weren’t disrupted by provide chain constrictions. But with a stronger dollar, U.S. producing can become uncompetitive, and foreign holders of greenback-denominated debt might get pushed into default. Other countries’ import and debt service prices can skyrocket, weakening their currencies and pushing up the dollar even more.
The ballooning demand for greenbacks could lead to a currency liquidity crunch – the swap lines extended to foreign central banks in last Sunday’s Fed intervention were expanded even any on Thursday, a worrying sign that the initial live wasn’t enough to alleviate the strain on the FX markets.
See Conjointly: Into the Unknown: No Limit on Fed Cash Injections
Calls are growing for concerted action the same as the 1985 Plaza Accord, however getting economic powers to follow the lead of an “America 1st” government whose leader based mostly a lot of of his campaign on guarantees of a wall is going to be a a lot of tougher challenge than within the post-stagflation desperation of the late twentieth century. With fractures in the world currency order turning into increasingly apparent, economists and investors can be asking what the next monetary order can seem like. Bitcoin storm could or might not be part of that resolution however it's a brand new tool in the box.
three) Rising economies: The sharp escalation of greenback-based mostly costs, combined with a demand crunch, may push non-greenback economies into recession, that is seemingly to steer to social unrest. In some elements of the planet, this might be met with swift retaliation or even regime modification. The confiscatory bias of political parties navigating an influence struggle could intensify interest during a liquid and semi-non-public store of worth.
4) Populist tendencies: Whereas a lot of established democracies will deal with recessions and social unrest through negotiations and trade-offs, even they could veer towards populist tendencies. These will most likely take the shape of extra support for overwrought health systems, also for voters and companies hit hard by mandated shutdowns and resulting slump in demand.
https://www.cryptoerapro.com/bitcoin-storm/


https://preview.redd.it/i75a7muzxdf51.jpg?width=770&format=pjpg&auto=webp&s=16f5d531ac24d9c71d249f734a8b5b4dd703ea6f
submitted by cryptoerapro to u/cryptoerapro [link] [comments]

Banca internacional #03 UK LT BG MT DE – Intro EU y Fintech

Este contenido fue publicado originalmente el 06/08/2019 - Aca
Posts anteriores de la serie

Background e intro
La Union Europea y en cuestión el Area Economica Europea o single market es un colectivo de veintiocho estados, cuales en su mayoría abolieron todo tipo de controles migratorios internos. También llamado Area Schengen, aunque esta, no incluye los veintiocho miembros sino, veintiséis.

De la misma manera, el “single market” o Eurosystem, mercado común europeo y su moneda de facto el Euro, ISO 4217 : EUR no se usa en todos los miembros del área política. Sin embargo todos los miembros de la Union Europea y varias de las jurisdicciones que no usan el Euro como su moneda de intercambio oficial (Romania, Polonia, Suiza, Dependencias de la corona, etc.) son parte del área SEPA compuesta por 36 miembros.

SEPA, Single Euro Payment Area es un protocolo de créditos y débitos bancarios entre personas físicas o legales de rápida ejecución operando 100% bajo el estándar IBAN. Es moderno comparado con otros sistemas similares como el ACH o wires locales americanos, ciertamente anticuados y de un costo mucho mas alto de operar.

Por regulación del ECB (European Central Bank) los pagos SEPA ya sean créditos o débitos deben ser gratuitos y se considera ilegal cobrar por una transferencia SEPA.

Esto dicho, varias instituciones cobran un “fee” por la ejecución de transferencias SEPA bajo alguna descripción a modo de eufemismo.

Si bien SEPA es considerado relativamente moderno, SEPA ICT (Instant Credit Transfer) ya se encuentra desarrollado y en proceso de implementación. Bajo el nuevo standard, las transferencias SEPA son ejecutadas en tiempo real con el fin de incentivar la implementación y adopción de las tecnologías fintech desarrolladas por privados bajo el tutelaje del ECB.

Desde hace aproximadamente diez años, el ECB comenzó a liberalizar el mercado bancario a modo de desconcentrar el monopolio de la banca europea. De esta manera dieron comienzo a las entidades EMI (Electronic Money Institutions). Entidades quasi bancarias, las cuales pueden ofrecer IBANs personales de manera instantánea y emitir tarjetas de pago (en general no debito sino prepagas directamente ligadas a una cuenta personal).

Regulación

La flexibilización de la banca europea via fintech tiene sus rarezas, la mayoría de las nuevos “bank challengers” usaron frases del tipo “we are not a bank, we are better tan a bank” y similares. Muy cool a los ojos de un millenial rebelde sin embargo el wording es exacto. Una entidad EMI no es un banco, no está siquiera remotamente cerca de serlo. Estas entidades no operan con efectivo, ni en general ofrecen créditos, o inversiones o tasas de interés (mas allá de que la tasa de interés del ECB se encuentra en el área negativa hace años) porque la verdad es que una entidad EMI no está a autorizada a tomar depósitos en Euros.

Cuando decimos “Electronic Money Institution” en realidad debería leerse más como “token”, la gente que usa crypto entenderá de manera más fácil. Al momento del depósito, la entidad mueve nuestros Euros a una cuenta a su nombre en una entidad bancaria real en general en la jurisdicción en la cual está registrada y licenciada aunque esto no es necesario. Los depósitos, a diferencia de un banco, no se pueden ofrecer a modo de prestamos ni se pueden invertir y se deben mantener segregados. Como una especie de cuenta escrow. En el mismo momento, de manera instantánea intercambia 1 for 1 cada euro por un token dentro de su plataforma al que le podemos poner el símbolo y nombre de euro pero al mismo tiempo no lo es. Al momento de efectuar un pago fuera de la plataforma el ejecutor intercambia nuevamente nuestro token por 1 euro cash que se encuentra depositado en la cuenta escrow y lo envía via SEPA o SEPA card hacia un comercio o una persona física/juridica a modo de pago.

Esta pequeña diferencia hace que el statement “we are not a bank” tenga un significado mucho más verosímil en lo legal de lo aparentemente anunciado. Y por esta razón, suelen lidiar con clientes de mayor riesgo que un banco tradicional. A manera de un sandbox monetario.

El problema principal, más allá de la oferta de banca básica y el peligro de que la entidad desaparezca de la noche a la mañana sin dejar rastro. Los depósitos en las EMIs no están cubiertos por el seguiro de depósitos de ninguna jurisdicción ni por el ECB.

En un comienzo, hace unos años uno podía abrir una cuenta en algún país del báltico, recibir una tarjeta MasterCard en Euros y empezar a recibir pagos de manera instantánea luego de un onboarding básico de 5 minutos vía una App. Algunos proveedores inclusive ofrecen una dirección de Bitcoin a la cual, si uno envía BTC, es convertido automáticamente a depósitos en EUR a la cotización del momento del clearing de la transaccion. Suena too good to be true no?

Bueno MasterCard y Visa también pensaron eso. En el 2018 cancelaron todas las tarjetas de los EMIs en Europa y renegociaron las licencias de emisión. Muchos proveedores de servicios financieros nunca emitieron tarjetas nuevamente y se dedicaron solo a cuentas virtuales. Los proveedores que sobrevivieron y encontraron su nicho se vieron en una situación grow or die.

Pero como se puede crecer sin poder ofrecer más servicios bancarios, crypto estaba sufiendo un slump terrible… Ah si, licencias bancarias.

Y así llegamos al presente, donde “we are not a bank” es una falacia y si, ya somos un banco. Tenemos una licencia, aseguramos tus depósitos y podemos ofrecer más servicios bancarios. El passporting de servicios está en toda su gloria, a costo de muchos de nuestros beneficios. La consecuencia principal? Todos los usuarios de riesgo, eliminados. Non-residents? Fuera, Gambling? Fuera, Crypto trading? Fuera…

KYC más estricto(si se lo puede llamar asi), mayor escrutinio de transacciones, CRS, suspensiones de cuentas y otros detalles están a la orden del día.

En la situación actual, siguen existiendo EMIs que hacen menos preguntas al costo de algunos Euros por mes. Donde podemos enviar y recibir fondos de un crypto Exchange o de TransferWise (a contrariedad de BruBank*… EJEM…*) y operar pagos de manera normal. No es un arreglo definitivo pero es de bajo costo y puede servir de “buffer” entre negocios que pueden atraer cierto escrutinio a nuestras cuentas en banco tradicionales.

Obviamente esto es un arma de doble filo y afecta a todos los miembros de la cadena de la misma forma. En mi caso, tuve que hacer un “White listing” luego de un intercambio de emails con soporte, de cuentas en Lithuania en las Crypto Exchanges que uso porque no querían procesar mis depósitos y ponían todas mis transacciones on hold de manera indefinida. La explicación? “Too much fraud from those suppliers”.

Esto dicho, para las instituciones que no son crypto friendly, esto puede ser la salvación. Un depósito de otra cuenta a tu nombre es mejor que un depósito a nombre de Kraken Payward o Bitstamp Limited.

Las licencias bancarias son un gran desarrollo para el mundo fintech europeo, lamentablemente tiene un gran costo a nivel usuario. Hay muchos menos proveedores que ofrezcan servicio a no residentes.

Los riesgos de los EMIs son reales, muchos han desaparecido sin dejar rastro, otros como WorldCore se vieron enrollados en lavado de dinero Ruso y cancelación masiva de sus tarjetas por parte de Visa y MasterCard Europe a punto tal que se vieron obligados a cerrar. WorldCore sigue en venta hoy día. SataBank un banco digital basado en Malta de capitales Bulgaros entro en administración para nunca más reaparecer.

Otros tuvieron que reinventarse o separarse. PayMix se disolvió en dos compañías una para personas físicas y otra para personas legales. Ejemplos de este tipo existen por montones.

Instituciones de interés

Globitex – UK/Lithuania
https://globitex.com/euro-wallet
Licencia: Crypto UK/Wallet EMI Lithuania
Cuentas: Personal/Business
Tarjeta: No.
No residentes: Si.
Detalle: Globitex es un crypto broker el cual simplifica el intercambio de crypto por fiat via el uso de un servicio de wallet (EMI) el cual posee un IBAN personalal y unico a nombre del UBO de la cuenta.
El servicio tiene algunos costos sin embargo es una buena alternativa para ejecutar pagos via SEPA.
En este momento 14 dias de trading sin costo, imagino que las operaciones de la cuenta si tienen costo, sin embargo desde que empezaron a ofrecer el servicio, los cargos por operar se han reducido substancialmente.

MisterTango – Lithuania
https://www.mistertango.com/en/
Licencia: EMI
Cuentas: Personal/Business
Tarjeta: Temporalmente suspendidas.
No residentes: Si.
Detalle: Las cuentas funcionan, la mía personalmente desde hace más de 2 años. Existe integración a su propia exchange de crypto. Ofrecen servicios para traders de crypto y dirección de BTC con deposito a EUR instantáneo.
Hay que tener en cuenta que la oferta de servicios en el pasado era muy superior. Incluía dirección de BTC, transferencias SWIFT, transferencias SEPA, tarjeta MasterCard Euro, acceso al Exchange, top up de la cuenta via tarjetas de debito/crédito y opción de una API para facturar.
Hoy día está dividido en diferentes segmentos y el pricing varía según el paquete elegido, nacionalidad y residencia.

LeoPay – Bulgaria
https://leopay.eu/
Licencia: EMI
Cuentas: Personal/Business con preferencia a Estonian e-residents.
Tarjeta: Si, debito Visa, con condición de dos tarjetas por cuenta o una tarjeta por currency.
No residentes: Si.
Detalle: Originalmente llamado LeuPay registrado en Malta de capitales Bulgaros. Usaban de backend SataBank, así que si leyeron lo anterior entenderán el cambio de nombre de la entidad.
Cuentas multicurrency en EUR, USD, GBP, CHF, RON, HRK, JPY, BGN, PLN, CZK.

Paysera – Lituania
https://www.paysera.lt/v2/lt-LT/index
Licencia: EMI
Cuentas: Personal/Business. Es posible obtener más de una cuenta por cliente.
Tarjeta: Si, debito Visa.
No residentes: Si.

PayMix Pro – Malta
https://www.paymix.pro/
Licencia: Institución financiera Maltesa
Cuentas: Business
Tarjeta: Debito
No residentes: Si.

Prospero – Malta
https://www.yourprospero.com/
Licencia: Institución financiera Maltesa
Cuentas: Personal
Tarjeta: Debito
No residentes: Si.

Deutsche Handelsbank – Alemania
https://www.handelsbank.com/en/bc/home-business-customers.html
Licencia: Bancaria propia.
Cuentas: Business. Es posible obtener más de una cuenta por cliente.
Tarjeta: No.
No residentes: Si.
Detalle: Es un pequeño banco alemán que se especializan en cuentas únicamente para personas legales con licencia y backend bancario propio.

N26 – Alemania
Licencia: Bancaria propia.
Cuentas: Personal/Business
Tarjetas: Debito/Crédito
No residentes: No*.
Detalle: No aceptan no-residentes en el Area economía europea, sin embargo si aceptan pasaporte Argentino y cualquier numero de móvil. El requerimiento es una dirección de correo en el Área Económica para recibir la tarjeta. (Chripre no es una opción para la dirección).

Revolut – Lithuania/UK
https://www.revolut.com/
Licencia: Bancaria propia (UK)
Cuentas: Personal/Business.
Tarjeta: Si, variedad dependiendo del tier.
No residentes: No*
Detalle: Revolut evoluciono desde una licencia de EMI a una entidad con licencia bancaria. Siempre en las noticias por las razones equivocadas, han quedado atrás los días en los que la banca Lituana los decepcionaba. Lamentablemente los reportes de cuentas congeladas persisten y rehabilitarlas puede tardarse meses.
Revoluto ofrece tarjetas con conversión de divisas usando el mid-market rate y sin FX conversion fee. Ofrecen crypto trade (CFDs) y muy recientemente una plataforma de inversiones. Si han leído mi post titulado Banca internacional #02 – United Kingdom, where it all began y repararon en el detalle de que la licencia bancaria es de Reino Unido, si, están en lo correcto. Esta entidad no puede técnicamente aceptar no-residentes si tiene una licencia bancaria ringfenced. Sin embargo, tal como es el caso con varias de alternativas, una dirección de correo dentro de Reino Unido o Europa suele bastarle a los clientes para hacerse de una cuenta.
UPDATE: Recientemente Revolut agrego un setting muy interesante, la cual permite, una vez registrados como clientes cambiar la residencia fiscal. No hay muchos datos con respecto a qué efectos tiene sobre la cuenta más allá de una suspensión quasi instantánea. Sin embargo! Según la jurisdicción de residencia fiscal seleccionada, también nos puede dar como opción “Email us to [[email protected]](mailto:[email protected]) and let’s see what we can do.”

TransferWise
https://transferwise.com/
Licencia: Money transfer (UK), EMI (Lithiania)
Cuentas: Personal/Business y Borderless, 4 currencies GBP, EUR, NZD, AUD y condicionalmente USD.
Tarjeta: Si, MasterCard para residentes del Area Economica Europea.
No residentes: Si.
Detalle: Conocido por casi todos hoy día, la aplicación de cabecera para remittances elegida por todos los millenials. No es la mejor sin embargo es la que tiene mejor publicidad y estrategia.
Se sabe que hay clientes quienes han usado datos postales europeos para registrarse y han logrado recibir la tarjeta en condición de no residentes.

Disponibles fuera de sus países de registro en breve

Insha – Alemania con backing de Al Baraka (Turquía)
https://www.getinsha.com/
Detalle: Primer banca islámica digital en Europa. Que esto no los detenga en ver el servicio que ofrecen. Dado los servicios que ofrecen (y la carencia de interés computado en depósitos) es una plataforma idea para banca Islámica.

ToMoRRoW - Alemania
https://www.tomorrow.one/en-de/
Detalle: Banca alemana sustentable.

Kontist – Alemania
https://kontist.com/
Detalle: Banca digital para pequeños negocios o freelancers con implementación de contabilidad y taxación.

Tarjetas

Algunos EMIs solo ofrecen tarjetas. En general son productos sub-prime y consecuentemente los fees son usureros. No voy a entrar en detalle sobre el ofrecimiento de servicios de estos proveedores, pero les dejo algunos por una cuestión de mera curiosidad y cobertura de alternativas.


Nota final
Existen muchos servicios más de tipo pseudo bancario en Europa. Podría publicar un post infinito con 500 URLs y links a cada uno de ellos. Muchos con respaldo de Bancos centenarios y prácticamente todos con requerimiento de residencia en la Unión Europea. Si desean mas información, puedo hacer un post apartado. Pero más allá del landing page, no van a poder utilizar ningún servicio.
Es más fácil abrir una cuenta en un banco normal para no residentes en Europa de manera personal que intentar circunventar la legislación y regulación pertinente a los bancos o EMIs digitales reservados para Europeos.

Donations.
Token Wallet address BTC 19xvUdQoZosrzYKNaTCK834zRkg5Bogop BCH qqqmyqjspnq0fazk9wvv0elc8vxdp2rkvgfqs3s87x LTC LKNvBgwEtE3w7oEUYiSVb96qCe7xFDBvp8 ETH/DAI 0x1cbbcf2ca8849893ad7feac5ef5c735f6d91fa4e XMR 44AXEt8ZkmjgGuUrPaoNTzBGhp92L3HozSYxAip7dz8qL6A3neJBriLRSjC8Qnam4tEhfw2yXzcXsbZ2dJiWHDC7Ji8nBvx 
submitted by diyexageh to LATAM_PersonalFinance [link] [comments]

ARK. Here's what's it's all about, what's been going on, and what's coming. [Explain Like I'm Busy]

Dude, it said explain like I'm busy I'm not going to read all this

No problem. Check out these hand-picked relevant ARK Crypto Podcast episodes. Learn while you listen, drive to work or home, cook a steak, give your dog a bath, etc.
If you have decided to read all this, thanks, keep reading for a concise breakdown!

So what's the current big thing going on with ARK right NOW?

ARK.io has recently announced on both its blog and its Twitter that ARK Core v2.6 is coming to Mainnet February 11th. The iteration of 2.6 may sound anticlimactic, but it's far from that. Core v2.6 is the biggest upgrade to date- even bigger than the total Core overhaul performed for v2.0, deployed late 2018.
The new version brings new transaction types to the ARK Public Network, including types that will play a role in creating an ecosystem of linked chains. This ecosystem of linked chains will have the ARK Public Network in the center of the action, storing chain details and allowing for chain discovery.
These new transaction types include:
Multipayments — sending to multiple ARK addresses, while just initiating one transaction, saves time and cost
Multisignatures — you can now get all of the benefits of multisignatures where more than one user can propose or spend funds depending on the predefined terms (eg. 2 out of 3 users needed to successfully send tokens, vote, …)
IPFS — register IPFS compliant hashes on the ARK blockchain within Desktop Wallet.
Business & Bridgechain registrations — you can now register your business and bridgechain on the blockchain and soon, you will be able to get verified via our Marketplace to get access to some exciting new features.
Delegate resignation — delegates who don’t want to be voted for anymore can now opt-out of this by simply initiating delegate resignation.
Additionally, the Core v2.6 improves security against double-spend attacks by implementing nonces. Also, massive enhancements were made to the GTI or Generic Transaction Interface, a critical tool for developers who wish to develop decentralized applications.

What is ARK's unique approach to current issues plaguing the blockchain industry?

ARK empowers everyone, regardless of their aim or technical background, to quickly and easily leverage blockchain technology. In the current hype-driven blockchain landscape, ARK acts as a beacon for individuals, groups, and enterprises seeking to apply blockchain technology to both reach their individual goals and affect change in their local community. ARK’s uniquely simple technology stack allows almost anyone to create and deploy standalone blockchains for any use case with an intuitive graphical user interface and experience. These newly created blockchains also known as bridgechains will have the ability to interoperate through ARK SmartBridge Technology. ARK is also reinventing smart contracts with ARK Logic, a collection of tools including custom transaction types, templates, and plugins. ARK Logic brings security, adaptability, and scalability to decentralized computing workflows. Most importantly, the ARK Ecosystem fosters a growing international community of developers, node operators, blockchains, businesses, and enthusiasts who collectively breathe life into this disruptive technology. Get into the interactive whitepaper here.

Tell me about the ARK Public Network

Ok, no problem. Since coming online on March 21, 2017, the APN has operated as a P2P cryptocurrency with fast block times of 8 seconds and low dynamic fees (near a penny and somewhat novel for a DPoS blockchain). However, the end goal of the APN far exceeds that of just a cryptocurrency that is faster and cheaper to use than Bitcoin. I'll explain further in a minute.
The network, as mentioned, is set up as Delegated Proof-of-Stake. This means forging delegates are deemed worthy to secure the chain and add blocks to it by the holders of the ARK token, which vote for delegates using their ARK as vote weight. ARK remains in users' control at all times, and the top 51 delegates in vote weight enter forging status. The network awards each delegate 2 ARK per block (~12,705 ARK/mo) for services rendered. This continues ad infinitum resulting in a declining inflation rate each year (relative to total supply). When users add or remove ARK from a voting wallet address, vote weight adjusts automatically and they don't need to vote again. Voting continues even if user's wallet is offline.
The main uses of ARK as the cryptoasset of the ARK Public Network besides being a P2P cryptocurrency include:
If you're interested in more details about APN uses, check this direct link to that section of whitepaper.

Is team good?

Yes, team good. Team very good. General sentiment among ARK team members is that ARK is a dream project to work on, and this motivates them to do great work on a consistent basis as the ARK technology stack progresses. Very recently, ARK hired an additional half dozen people in various departments, including marketing department. This brings ARK team total to over three dozen experts. The ARK business entity is also well funded with around 10 years of budget. The ARK business entity spends funds in a very sensible manner compared to some other projects who spend with insufficient foresight or discretion.
Members of the board are thoughtful and deliberate, and the CEO FX Thoorens has been hard at work putting a spotlight on ARK, showing an 'intermeshing' of ARK with the global regulatory landscape in regards to crypto. Recently, ARK became a founding member of ADAN, a professional association based in France created to help structure and develop the digital assets industry. Other members include Consensys France and Ledger. ADAN will consult with public authorities, industry leaders and private bodies to promote the use of digital assets and all activities in this sector. This includes exchange platforms, brokers, hardware, protocols, decentralized applications and blockchain technology platforms. Hear FX Thoorens talk more about this in this podcast episode.
The ARK business entity is located in France, but the ARK team is distributed across 10+ countries and multiple continents.

What's going to happen?

Cool stuff. Organizations and open source projects have been stumbling across ARK and really like what they see. Multiple projects are working with ARK technology and are at various stages of development, but since you're busy, I'll highlight the project nOS which recently launched their public testnet and uses ARK technology for their blockchain. nOS also has great things to say about ARK that you can hear in this podcast episode or watch in this video.
We believe that as more businesses, organizations, and open source projects start looking around for blockchain solutions, they will also enjoy ARK's simplicity, flexibility, and feature set. Our powerful technology stack is backed up by a recently upgraded documentation hub for developers.
The product we have that makes it very easy for projects to join the ARK Ecosystem is called the ARK Deployer, which you can learn about in this two minute video. It allows developers from all walks of life to create, customize and launch a standalone blockchain in three simple steps. In the near future, what's going to happen is a big improvement to the Deployer. The ARK Deployer will get an upgraded and more powerful user interface that also facilitates chain management post-launch, as well as interface directly with cloud providers like Digital Ocean to launch genesis node and peers in background. This would allow for a massive leap forward in our vision of 'Point. Click. Blockchain.'
ARK.io is also working on a Marketplace for developers, where custom plugins and tools developed by both ARK.io as well as third parties can be acquired for assembling blockchains much easier. Imagine a wordpress-type environment where you can create a super-powerful and customized blockchain by connecting Legos together. In the same way that early World Wide Web needed WordPress/Squarespace style tools to bring the technology to every business or organization, we believe that this need will be out there for blockchain technology as this new decade progresses.
There is more cool stuff that is going to happen, but I'll wrap it up there for now.

After reading all this stuff, what is it you want me to do?

Well, not make any financial decisions, because that is not the purpose of this information. However, as a developer, there's a lot of interesting things you should know and may want to consider doing. The ARK technology stack uses TypeScript and other JS-style frameworks, so if you know those, you should get excited.
Here's some additional less 'developery' stuff you can do:
Thanks for coming along for the ride of this post. ARK has been out here, it's out here, and it's going to continue to be out here, doing its part to make sure everybody knows that blockchains are, in fact, a thing.
submitted by doubled1c3 to ArkEcosystem [link] [comments]

Recap of Binance English Kava AMA (May 2020)

This AMA was conducted within the Binance English Telegram channel prior to Kava's June 10th launch of its DeFi Lending Platform.

Q1:

Can you give us a little history of KAVA?

Q2:

Could you please tell me what KAVA cryptocurrency is? What problem does it solve?

  • Answer - KAVA is the staking, governance, and reserve asset of the Kava DeFi platform. KAVA is required by node operators to secure transactions on the blockchain. Additionally, when lending fees are paid, they are converted to Kava and burned reducing the overall supply of KAVA tokens. As more users use the Kava lending platform, KAVA should become more scarce overtime.

Q3:

What is the advantage of keeping the KAVA token for a long and short term?

  • Answer - In the short term, if you stake KAVA you can earn additional block rewards every day, block by block. This provides a nice steady return on the Kava usually in the range of 3-20% depending on the number of people staking.
  • We will be opening the gates of DeFi to many top tier assets such as BNB, XRP, ATOM, and BTC which have never been able to use lending, stablecoins, or other DeFi Services. If you are a KAVA hodler you can benefit from owning and having a stake in the network as we grow because as the network grows, Kava is burned and it becomes more scarce as a resource.

Q4:

Chainlink is KAVA’s partner, can you explain more about this partnership?

  • Answer - Yes, this is not the usual chainlink partnership where a blockchain consumes data from Chainlink’s oracle solution.
  • No oracle solution adequate for DeFi applications on Cosmos was available. For this reason, Kava has teamed up with Chainlink to bring its data and reliable oracle solution to the Cosmos ecosystem. Chainlink nodes now will be able to securely publish data directly on the Kava blockchain where it can be used or easily transported to other Cosmos-based blockchains and applications. Chainlink oracles on Kava utilize all the industry-leading technologies of Chainlink, while enabling more frequent price updates and improving the reach and distribution of where that data can be used.
  • Since Kava’s blockchain is built using Tendermint, Tendermint-based blockchains within the Cosmos ecosystem (Binance, Terra, OKChain, Cosmos Hub, Agoric, Aragon, and others) will now be able to retrieve market data such as cryptocurrency, FX, and commodity prices. For DEX’s like Binance this will enable them to create futures, options, and other derivative products they were not able to do so before.
  • TLDR: Kava + Chainlink Data creates the ideal hub for all blockchains and applications to get their DeFi services and Data, and as result makes Kava a natural hub for the growing Cosmos ecosystem.

Q5:

What is the KAVA CDP product? Do you have any exciting things down the pipeline that you can share?

  • Answer - First, let me clarify that CDP simply means “collateralized-debt-position” similar to CDOs that exist in the traditional finance world. What it means is a loan using collateral to back the loan.
  • Kava’s lending platform offers collateralized loans to users who have crypto. Getting a loan with Kava’s platform is great if you don’t want to sell your crypto position, but need short term cash for payments or if you want to use the loan to get a levered / margin position without going through KYC.
  • As for news! Kava’s lending platform is scheduled to officially launch on the mainnet June 10th.
  • At this time, DeFi will be made available to BNB for the first time ever. Also at this time, the Kava DeFi platform will be awarding the first users that have BNB extremely high rewards for being early adopters.
  • Each week, 74,000 KAVA will be given out to all the users who have taken out loans on Kava. Yes, you get free KAVA, for taking out a loan using BNB!
  • If you want to participate, you can learn more about how to do it here!
  • Medium

Q6:

Why should BNB users use KAVA’s lending platform and take out USDX? And how to mint USDX with BNB on KAVA CDP?

  • Answer - Free- maybe let's call it rewards for being good users 😉
  • The rewards are platform growth incentives so that we can grow the platform quickly.
  • Well at launch, definitely the KAVA rewards are a huge reason for BNB users to use it.
  • As for the product long-term, the major use case for our lending platform is to get a levered position without needing an exchange or to go through KYC.
  • How it works is that a BNB holder can deposit their BNB and take out USDX loans - this capital they will take and buy more BNB with it. Most people will use the loan this way to get 2-3x the original BNB amount. If the price goes up on BNB, they win 2-3x the gains!
  • Of course if the price goes down and they cannot repay their loan, the BNB collateral might get liquidated, so be careful, it works just like a margin trading account.

Q7:

Brian do you have any more information or links for our community about this?

Q8:

KAVA was initially planned to launch on Ripple network but later switched to Cosmos Tendermint Core. [email protected] is that something you see in Tendermint Core that is not available anywhere?

  • Answer - For clarification, Kava was never planned to be on Ripple. However, Ripple is a Kava investor, shareholder, and partner.
  • We selected the Cosmos-SDK featuring the Tendermint BFT consensus because during our past work with Ripple, MakerDao, ETH, and other layer 2 work we learned the value of “finality” of blockchains. For example, on ETH, the finality of blocks do not happen right away. You need to reach 15+ blocks to be confirmed on Ethereum to really know a transaction has passed. This results in really slow user experiences that aren’t acceptable in finance or any application really.
  • Tendermint solves this because it makes every transaction final and occur in seconds.
  • Additionally, we chose the Cosmos-SDK as the framework to build our stand alone blockchain, Kava because it allowed us to create our own security model and design which enables Kava as a DeFi platform responsible for millions of dollars of collateral to be very secure in a way we could net get if we built it on any other network.

Q9:

KAVA does cross-chain support. Compared to other DeFi platforms, KAVA offer collateralized loans and stable coins to users too. How will volatility be managed there with so many different collateral systems in CDP?

  • Answer - Volatility is an important consideration and accurate and timely price reference data is needed to make sure the system works.
  • All the collateral positions rely on price feeds from oracles to determine if they are safe or need to be liquidated. Kava has created a novel partnership with Chainlink, where Chainlink oracles that normally run on Ethereum, operate nodes directly on Kava where they can post prices. This Kava to avoid network congestion, high gas fees, and other less desirable issues found on Ethereum, while enabling the oracles with Kava’s fast blocktimes and finality so they can actually deliver price updates 10-20x more frequently than is possible elsewhere. This makes Kava’s price feed data very reliable.
  • In times of volatility, if liquidations occur, the Kava platform automatically auctions collateral off for USDX on the market and burns the USDX. This mechanism keeps the system balanced and USDX algorithmically stable and always fully collateralized by real assets.
  • And it does this transparently, unlike the real world CDOs which caused the world issues in 2008 due to the lack of transparency in their assets and risk.

Q10:

Recently, Binance has released a white paper on BSC, a Binance smart chain. So, what can I get by staking through Binance Coin BNB?

  • Answer - Yay for smart contracts!
  • What can we get by staking bnb?
  • Staking BNB on Kava, or depositing it in a CDP and creating USDX from it earns users KAVA in rewards everyweek. A lot of rewards. In addition, you get USDX to hold which also pays out a savings rate each block that is much better than say what USD in a checking account could do.

Q11:

Various platforms are in Ethereum. So why is Kava not at Ethereum?

  • Answer - I could speak about this for ages, but there is a reason for Ethereum being the home to many hacks and bugs.
  • Kava is not on ethereum because we couldn’t build our system there. The main reasons. as I have mentioned are:
  • (1) Ethereum has congestion, oracle issues, high fees, and slow block times.
  • (2) Ethereum’s open smart contracting system can do anything. This is great for building crypto kitties, but horrible for financial software as it makes all code have infinite attack vectors that hackers can use which are impossible to test for. We built our own chain so we could scope the code and limit what attack vectors are possible.
  • (3) Building in solidity, the language of Ethereum, is horrible. The development environment is bad, testnets don’t work, and many other things are painful. Kava is primarily built in GO which is far superior for financial applications in most respects.
  • (4) The future is Cosmos. Binance, Okchain, terra, Cosmos Hub(ATOM), and Kava all are created using the Cosmos-SDK framework. I believe this is the future and the blockchain developers are moving to this in mass. Over 110 projects now are building with the Cosmos-SDK.

Q12:

What are ways by which Kava project generates profit/revenue to maintain project. What is your revenue model?

  • Answer - Kava is a for-profit financial DAO with over 80 different businesses staking Kava and voting on its evolution. They want to see Kava succeed so they vote to fund operations and developments that drive user growth in Kava. Due to fees paid in Kava and the burning mechanism, as the system grows in users, the Kava supply decreases making those that hold Kava win due to scarcity.

Q13:

Lending/Borrowing has been introduced by Binance. How can this affect the Kava since people can directly borrow BUSD from Binance with BNB used as collateral than going to Kava?

  • Answer - Kava will be featured on Binance as well. The main benefit of Kava is that there is no counterparty. The capital is minted on demand not sourced from somewhere. Binance and other centralized parties on the otherhand need to find capital to provide loans, creating a cost of capital. Kava is much more efficient at providing capital and avoids a lot of regulator issues.
  • I'll add I think BUSD in the future might be usable for collateral to Kava's loans as well. It would be cool 🙂

Q14:

What's your opinions on Future of DeFi & DApps? Do you think that DeFi is the future of current Financial world? Also, How do you see the future of KAVA?

  • Answer - I believe Centralized Finance and the existing infrastructure has a place. It has a lot of issues that cause things like the 2008 crisis and the current insolvency issues that are happening across the world due to trust-based debt with no actual backers other than the people which end up bailing out banks and other financial institutions that have made poor decisions.
  • DeFi's future is bright because it solves this fundamental issue. It removes trust and adds transparency. Kava is right at the foundation for all of DeFi as things grow and mature.

Q15:

Recently, we have seen some big hacks in DeFi platforms. How will KAVA deal with these bad actors of crypto and what security measures have been taken by KAVA for the safety of users' funds?"

  • Answer - Unlike a lot of DeFi startups, we take things seriously. We don't ""move fast and break things"" as Mark Zuckerberg would say.
  • We do a thorough analysis before suggesting to deploy code. Our internal team works very hard to run tests and simulations, once it passes internally, we give it to 3rd party auditors who try and game it and break the code. If it passes there, we give the code to the community to review and vote into the mainnet. In this way, I’d estimate about 100+ people review our code and test it before it goes live and consumers can touch it. I don't know many other project teams that due things with such diligence.

Q16:

Binance for KAVA is a very valuable partner in terms of increasing the number of users, but what is KAVA ready to give equivalent to Binance users? What applications will be integrated into Binance to expand the ecosystem?

  • Answer - Kava gives the BNB users loans. It gives the DEX a stablecoin and the ability to offer margin products. Kava’s connection to binance chain and chainlink data also enables Binance DEX to offer trustless derivatives like options and futures products going forward.

Q17:

Cosmos has limitations on working with PoW coins. How do you technically solve the problem of implementing DeFi products for bitcoin?

  • Answer - Cosmos is great for hard-to-work-with blockchains like BTC. It's flexible in how you can construct bridges. For example, the validator set can have a multisig private key split up into pieces in order to create a trustless escrow and control of assets on other blockchains. In this way, we can create peg zones with Cosmos for the best assets in the world. Once a zone is established, it can be used on Kava and other Cosmos chains.

Q18:

USDX is currently a little-known stable coin. Do you plan to add it to the top exchanges with good liquidity, including Binance?

  • Answer - USDX will be growing quickly. We have a plan to have it listed and get liquidity across several known exchanges shortly after launch.

Q19:

There are several options for using USDX on the KAVA platform, one of which is Margin Trading / Leverage. Is this a selection function or a compulsory function? Wondering since there are some investors who don`t like margin. What is the level of leverage and how does a CDP auction work?

  • Answer - Using Kava for Margin trading is 100% optional. You can choose how you want to use the margin loan. You don’t have to spend the USDX unless you want to. It could be used for everyday payments as well in the case you simply don’t want to sell your underlying collateral. If you don’t want the risk, do small loans with lots of collateral.

Q20:

Will your team have a plan to implement the DAO module on your platform, as it provides autonomy, decentralization and transparency?

  • Answer - DAO - Kava is a for-profit DAO and it’s fully functional already. We have on-chain governance and have underwent several votes and evolutions you can look at. You actually can see some current voting processes taking place here: https://kava.mintscan.io/proposals
  • We recently implemented a cool feature called committees, which enables the DAO to elect a small group of experts to make decisions without needing a vote of the whole user base. This enables the experts to have control over a small portion of the protocol - such as monitoring the debt limit, fees, etc and enables Kava to operate faster and be more adaptable in volatile market conditions.

Q21:

How can we address the possible overloads and security threats caused by increased users in the DeFi scene?

  • Answer - Yes, this is a huge issue for Ethereum, MakerDAO and everyone in the space. I don’t see a bright future for DeFi on Etheruem unfortunately. You can’t have a blockchain do everything well. Tether alone congests most of Ethereum and makes oracle price feeds lag the market. This can cause liquidations that should not happen and real people will lose real funds. It’s a huge issue.
  • The hope is for a dedicated system like Kava to provide a better backbone for DeFi applications going forward.
  • I should point out that Kava is not just a MakerDao for Cosmos or a CDP for Bitcoin. Kava is designed to be a foundational layer for DeFi services that every new blockchain and application will need.
  • Every blockchain will need DeFi services like lending, stablecoins, and data and they need it to be very secure. Kava does all this with its cross-chain lending plarform, USDX stablecoin, and Chainlink data in an incredibly secure, but accessible manner.
  • In this way, Kava aims to connect and serve all the major cryptocurrency communities and build it’s place at the center, where every developer can get what they need to build financial applications of the future."

Q22:

What distinguishes Kava from your existing competitors like Syntetix?

  • Answer - Synthetix isn't really a competitor, but it is an interesting project in terms of mechanism design. We share a lot of common investors and have similar token economic ideas with them. The only blockchain project that could be is MakerDAO, but they can only work with ETH assets due to their design. We are focused on the major cap assets - BTC, BNB, XRP, ATOM and others have a much larger market than ETH to address. BTC is 10x the size alone. Currently no one serves them with DeFi. We’re going after this opportunity and believe it to be a huge one.

Q23:

Why is the KAVA coin not used for Mint, why am I asking that because I see it can also make the value of KAVA coins grow naturally?

  • Answer - Why is Kava not used as a collateral? Well, it could be I suppose. The community might vote for this in the near future if they want us to be like synthetix. It makes the Kava token more valuable and it will incentivize much more locked-up Kava reducing overall circulating supply which is fairly favorable. The main reason we have not done this yet is that we(Kava and its community) are still weighing the risks of doing this given that Kava also functions as a reserve asset. I think it's likely Kava gets added as collateral at some point, but it will likely have a high debt-collateral ratio to address the issues similar to Synthetix which is 750%.

Q24:

How do you prevent in a manipulated KAVA Mint just to take advantage of a token prize when minting?

  • Answer - Minting rewards and manipulation. We’ve thought of this. Each week, the blockchain counts all the blocks, counts how many people had a loan in that period, then takes the average loan amount over time to calculate the rewards. If you open and close a loan - you will get very little rewards. You only get a large reward if you keep the loan open the full period.

Q25:

Who are your oracle providers? Are you also an oracle provider?

  • Answer - Kava may run 1 oracle in the future, but we will always have many and be the minority. Most chainlink oracle node operators are large players in the space that run staking infrastructure companies like cosmostation, chainlayer, chorus one, figment networks, etc. Binance will also be one of our oracles.

Q26:

If we look at all the different types of DeFi products _(decentralized exchanges, stablecoins, atomic swaps, insurance products, loan platforms, trade financing platforms, custody platforms, and crowdfunding platforms) currently covering important areas of traditional finance...where does Kava fit in?

  • Answer - To make any interesting financial product work you need capital, a stable store of value, and price data. These are really hard to get on current blockchain environments. Kava provides all of these.

Q27:

Many people describe Kava as similar to Maker (MKR). How is Kava different? Why do you think Kava has more potential?

  • Answer - MakerDAO is a smart contract with a singular purpose, to serve ETH. It sadly inherited the problems of ethereum. Kava is designed from the ground up for security and interoperability. We are targeting bigger and better assets and have more capabilities to serve them with what their developers and ecosystem need.

Q28:

What is the uniqueness of KAVA project that cannot be found in other project that´s been released so far ?

  • Answer - Well in June 10th, we will be the first ever blockchain project to bring DeFi to another blockchain in a real way. BNB users will have loans, stablecoins, and much more.

Q29:

The gas fee is an issue for blockchain besides scalability. Does your Kava provide a solution for gas?

  • Answer - gas fees are very low on Kava, only high enough to prevent spam. We dont need high fees for TX because validators are paid in block rewards. Additionally, we dont have competing transactions from crypto-kitties or other non-financial applications. This leaves all of Kava's throughput 100% dedicated to scaling financial transactions.

Q30:

Kava project works on DeFi (Decentralized Finance) But what’s the benefits of Decentralized Financial system? What are the possibilities of DeFi over Centralized Finance system?

  • Answer - Open access, no need for trust, and no censorship by singular governments or parties. Kava is accessible anywhere in the world, by anyone.

Q31:

Data supplied by oracles are false at times, how do you prevent this? How reliable are data received by KAVA?

  • Answer - This is why using premium / credentialed APIs is important for oracles. These data sources tend to be more accurate and better managed. Wrong prices can happen - for liquidation systems like Kava, we factor this into our design by using an average of data overtime form all oracles as part of the calculation.

Q32:

Can anyone become a KAVA validator, or is it just an invitation from the project itself? What are the requirements for becoming a KAVA verifier?

  • Answer - Anyone can become a validator, but you will need to stake or have enough stake delegated to you from others to be in the top 100 validators to earn block rewards.

Q33:

DEFI PULSE said that a total of 902M is currently locked. According to you, how will this number change in the next few years, and how will KAVA position itself as the top player in this market segment?

  • Answer - DeFi will only grow through 2020. And likely grow massively.
  • All projects on DeFi pulse are ""ethereum"" based. Kava is going to shake the blockchain world in the next few weeks by being the first ""multi-chain"" project on DeFi pulse and by my estimations we should quickly surpass a lot of the projects on that list.

Q34:

I am an testnet minter and the process seem Simplified, now I want to know if minting of USDX will continue when you launch Mainnet and do you have plans to build your own KAVA WALLET for easy minting on your mainnet

  • Answer - Simple blockchain experience?! high praise! Yes the process will be the same. Kava will not provide interfaces or wallets. Kava Labs builds software for the blockchain, our community members like Cosmostation, Frontier, Trust Wallet build support for people to interact with it.

Q35:

What business plans does Kava have with Seoul (South Korea) after partnering with Cosmostation? Do you plan to expand your products beyond Asia? Have you thought about harnessing the potential of South America?

  • Answer - South Korea is a perfect market for Kava's DeFi. Regulations prohibit fiat-backed stablecoins and margin trading. Kava's platform uses crypto-backed stabvlecoins and can enable users to get loans to margin trade. I am looking forward to further developing the Korean market for Kava, working with close partners like Cosmostation and showing the world real use cases of DeFi.

Q36:

Thank you for taking the time to conduct this AMA. Do you have any parting words, and where can the people go to keep up with all of the new happenings regarding Kava Labs?

  • Answer - Thanks for all the awesome questions! Amazingly thoughtful!
  • I've been promising the world cross-chain DeFi since June of last year. The IEO and mainnet went live Nov 2019. It's been a year of hard work - but an industry first is coming on June 10th. I'm excited. I hope you guys are.
  • Thanks for having me, I hope you become a USDX minter and get KAVA rewards. And last but not least, I love Binance - it's Kava's first home and I'm really happy to open up DeFi to BNB first.
  • To keep up to date w/ all things Kava: Website - Telegram - Telegram for Kava Trading Chat - Twitter - Medium
submitted by Kava_Mod to KavaUSDX [link] [comments]

License to Kill – Bond(s) explained

The below is the text from my latest blog post about bonds, if you want to see the original with pretty pictures, charts, graphs etc then click on this link.
Ok, the title is an obvious dad joke, but as it happens it still fits in with my naming convention for posts so happy days! On to more serious stuff.
The most common proposed asset allocation for people pursuing FIRE seems to involve having absolutely as much invested in equities (or to a lesser extent property) as possible, and reducing every other asset class to as little as possible. Which is certainly one way of doing things, and given the great performance of shares and property over the last 20 years or more there is an argument to be made for doing things this way.
It’s certainly not the only way of doing things though, and I will be trying to show why there is a case to be made for investing some money in other asset classes, in particular Fixed Income aka Bonds.
So what are bonds?
Bonds are a type of debt that is issued by governments, semi-government organisations, and corporations, so basically you’re lending them money. In Australia we also have what are called hybrid securities, but they’ve got some big enough differences that I’ll talk about them in a future post (probably).
Bonds are also one of those fun areas where there is an exception to every rule, so although what I’ve written below is broadly accurate there is always going to be some type of bond or a specific issue that breaks one of the rules.
So please don’t be an internet hero and “well ackshually” me about premium redemption/issue bonds, soft calls, hard calls, investor puts, floaters, PIK notes and all the rest of it because broadly speaking it isn’t going to make much difference for the purposes of explaining bonds. Basically play nice readers!
Talk numbers to me…
Bonds are all about math. As I’m sure regular readers of this blog can imagine this makes me very happy, and probably explains in part why I spent a large part of my career working in an area where understanding bonds was crucial, although to make things more interesting we added on a bunch of other stuff like equity options, credit derivatives, FX etc.
The main numbers to think about are the price you paid for the bond, the coupon on the bond, the yield on the bond, the time to maturity, and the maturity value of the bond. From those main numbers we also derive a bunch of other numbers I’ll talk about later.
Bonds are normally issued at a price of 100, with a fixed coupon (interest payment based on the maturity value of the bond) and a fixed maturity value at a known maturity date. So that’s 4 of the numbers covered already, happy days!
A lot of the time though you’re not going to be buying that bond when it is issued, you’ve buying it when it’s already trading in which case chances are pretty good you didn’t pay 100 for the bond. Buying it along the way doesn’t affect the coupon or the redemption amount at maturity or when it matures.
What it does affect though is the yield. There are a bunch of different yield measures but I’m going to go with yield to maturity, ie what yield (return) will you get if you hold the bond to maturity.
It’s not a perfect analogy, but one way to think about bonds is that they’re like a term deposit where the amount that you can buy it for moves around. If you buy a bond for $10,000 that is going to mature in a year and it has a 2% coupon and redeems for $10,200 (redemption price plus coupon payment), then your yield (2%) is the same as your coupon (2%).
But if interest rates have changed and so the price of the bond has changed and you buy that bond for $9,900 or $10,100, then your yield will be different from your coupon, either 3% or 1% respectively. Hopefully that makes sense? BTW I’ve rounded the numbers here to try and keep it nice and simple.
Most bonds pay interest on a semi annual basis (I used an annual payment in the example above to make things easier) so to figure out how much interest you get when it gets paid it’ll be the coupon divided by two.
Hopefully all of that makes sense, if not let me know in the comments.
Issuers of Bonds
As I said above the main issuers of bonds are governments, semi government organisations, and corporations.
Debt issued by governments is generally the safest type, because so long as they control the printing press then they can always print more money to pay you back. The Eurozone is a bit of an exception to this (understatement of the year) but in most of the other major sovereign bond markets like the US, Australian, the UK etc it’s true.
Emerging markets are a bit different because they often issue debt in USD, which means that if things go pear shaped then they can’t just print more money to pay off bondholders.
There can also be issues with getting your money back from sovereigns if they have too much debt, such as when they either don’t control the printing press (Greece) or the bond is issued in a different currency (Argentina) but for the most part if you lend money to a developed country in their own currency then you can pretty reliably count on getting your money back.
There are also bonds issued by semi government organisations like the World Bank, European Bank for Reconstruction and Development etc, these are slightly less safe for the most part but you’re still not taking on much risk of not getting your money back.
Debt issued by corporations is riskier, partly because businesses obviously can’t just print more money to pay you back, and because corporations can and do go bust. Sure it doesn’t seem likely that Telstra or Woolworths or the big banks are going to blow up any time soon, but there are plenty of other bond issuers out there with much more fragile finances.
As you would expect the more risk you are taking on the more return you want in order to be compensation for doing so. This is because unlike a term deposit the value of your capital isn’t protected. If you put $10,000 into a term deposit for a year with an interest rate of 2%, then you know that in a year’s time you will get back that $10,000 plus $200 in interest.
If for some reason the bank you invested that money through goes bust, the government will make you whole (up to the value of $250,000 per entity per approved deposit institution.
If you invest in a corporate bond and the company goes bust, well you’re probably not going to get all or maybe any of your money back. The good news is that you’re more likely to get money back than equity holders, but if the debts of the company are a lot more than the assets then you’re going to be in trouble.
There’s a clear framework for what happens if a company goes bust and who gets paid first and in how much etc, the short version of this is that equity holders are absolutely last in line but depending on what type of bonds you own you may not be a meaningful better position either.
And unlike a stock, when you own a bond you don’t own a piece of the issuer of the bond, you just own part of their devt. So if the company does great and starts making a fortune, you as a bondholder don’t get paid any more than what the terms of the bond state. Basically you can get a fair chunk of the downside and none of the upside beyond the terms of the bond. On the plus side this doesn’t happen particularly often, most of the time you’ll get what you were promised
Bond ratings
Now obviously some companies are more secure and stable than others. If you take a bond from the biggest company in the ASX200 which is CBA, then it’s more likely to fulfil the terms of the bond than whatever the 200th company is. That’s not to say the 200th company won’t, just that there is more risk. The actual degree of this risk is quantified in a couple of different ways.
First of all there are ratings agencies out there who will assign a rating from anywhere to super safe (AAA) to D (in default) with a bunch of graduations in between. Anything rated from AAA to BBB- is what is called Investment Grade (IG), everything below that is called High Yield (HY) or less politely Junk.
Just because a bond is IG doesn’t guarantee it will pay off, likewise something which is HY isn’t guaranteed or even likely to fail. For the most part though the different ratings given tend to play out that way in the real world, with far less defaults for bonds rated AAA vs bonds rated BB for example.
The big three ratings agencies are Standard & Poors (S&P), Moodys, and Fitch, and between them they’ll rate most of the bonds and/or issuers. They tend to be fairly backward looking in my opinion, and they were hugely and obviously wrong on rating mortgage backed securities back in the GFC. Still, they will generally give you a reasonable idea of the creditworthiness of the bond issuer.
Because bonds are also traded in the marketplace you can take the yield offered on a bond with a particular maturity, compare it to an equivalent government bond, and using some fun math (yeah baby!) back out a credit spread which that bond trades over treasuries (or swaps but I’m not going to get into that). The higher the spread, the higher the perceived risk of the bond, and vice versa of course.
Are bonds safe?
Well it kinda depends on what you mean by safe. If you mean are the bonds likely to deliver what the issuer of the bonds promised, then generally yes. As I said with government and semi government bonds you will almost certainly get all your coupons and the maturity value of the bonds delivered on time. Yeah, there are some exceptions to this but you’re unlikely to run into trouble with Australia, the US, the UK, the more economically sensible members of the Eurozone etc.
Similarly with corporates the vaast majority of the time you will get your money back on investment grade bonds, and it’s pretty rare to not get your money back on high yield bonds as well. That’s not to say it doesn’t happen, but it doesn’t happen much.
If you mean am I going to get back what I put into the bond, well no they’re not necessarily safe, particularly if you sell before maturity. Remember when I said bonds are kinda like term deposits that can trade? Well when they trade those prices move around, and they can move around a lot!
Why do bond prices move?
There are a bunch of reasons why bond prices move around, the main ones are changes in the interest rate environment, changes in economic conditions, and changes specific to the issuer of the bond.
We’ll talk about interest rates first. Bond prices have an inverse relationship with bond yields, which is a fancy way of saying if interest rates (yields) go down then bond prices go up.
How much do they go up? Well that depends on the magnitude of the change in rates, and a bunch of factors involving the bond. Basically the longer till maturity on the bond, and the lower the coupon on the bond, the more sensitive it will be to changes in interest rates. This is measured using modified duration and convexity.
Modified duration takes into account the timing of the cashflows of the bond (so coupons and maturity) and gives you a number which is typically a little less than that number of years to maturity, the higher the coupon the more it decreases the modified duration. If you multiply that modified duration by the change in interest rates in percentage terms, it will tell you how much the bond price will move by (in theory at least).
So if you have a modified duration of say 7.117, then for every 1 percent move in interest rates the bond price will change by 7.117 points. So if your bond price was previously 100 and rates moved down by 1%, then your bond should now be worth 107.117. Happy days! Conversely if rates moved up, well your bond is now worth 92.883. Not so happy days.
I’ve used the [ASX bond calculator](http://%20https//www.asx.com.au/asx/research/bondCalculator.do) to give a couple of examples using the current Aussie 10 year bond. You can hopefully see below that by changing the yield on the bond from 1.5% to 1% the market price has gone from 116.87 to 121.83, roughly a 4.25% change in price for a 0.5% change in rates, so presumably the modified duration on the bond is about 8.5.
To make things slightly more complex, that relationship isn’t fixed due to something called convexity. Instead of being a linear relationship, it’s actually a changing one (a curve rather than a line). Basically the more bonds prices move away from where they were issued the more that relationship will change.
Then there are things like GDP numbers, employment numbers, consumer sentiment surveys, PMI surverys, and all sorts of other economic news which will potentially move bond yields around, generally pretty slightly but it really depends on how important that economic number is and how much of a change from expectations it is.
On top of that for corporations changes in their own situations will have an effect on what their credit rating/spread is which will affect prices as well. If a company goes from being loss making to suddenly making a profit, then that’s going to be good for their credit and the bond price is likely to go up. Bad news like a profit warning will potentially mean a higher credit spread and lower price for the bond.
There is also general investor appetite for risk, so if investors are happy to take on more risk in their asset allocation (risk on) then they will likely sell off lower risk assets like bonds and buy higher risk assets like equities and to a lesser extent property. If things change and they want to go risk off, then the reverse happens and money tends to come out of equities and into bonds.
What happens to bonds if the stock market crashes or we have another GFC?
A stock market crash is actually one of the more compelling reasons to invest in bonds. This is because when stock markets crash investors tend to put their money into asset classes where they feel a lot safer ie, bonds. The rationale is that getting your money back is now hugely important, and even more important is not losing all your money as you will in those horrible equities which you knew you should never have invested in but that horrible financial adviser talked you into.
People. Are. Not. Rational. People panic. People sell assets which are going down in value even though they know they should be holding on for the long term. This applies not just to retail investors, but also to professionals who should know better.
In the GFC I spent plenty of time talking to institutional investors with a long term time horizon (ie 5 or 10 years etc) who suddenly decided they had to get out because of bad one month performance. People will bail out if the proverbial is hitting the fan. I wrote a bit about my experiences with the GFC here, and believe me there are a lot of people who are not going to be as cool calm and collected as they think they will be.
It’s very very very very (extra very for emphasis) important to note here that at this point in time investors will not be thinking that all bonds are much the same. When they are looking for somewhere to put their money that they now have after panic selling out of equities, they will park it in the safest place they can find, ie government bonds (aka treasuries). This will cause the price of those bonds to rise because of supply and demand.
If they still want to take on some amount of risk then they might put some into investment grade bonds, again this will push the price up a bit. They will almost certainly not put money into high yield bonds, because those are risky and in a crisis will behave pretty similarly to equities, ie they will fall in value. If anything they will more than likely try to pull money out of HY bonds, pushing the price down.
This excellent post really shows this in the below graph which shows the average performance of different types of bonds for a 10% or greater fall in the stock market (all of this is for the US but the same principle applies to Australia).
It doesn’t work in every case, as shown below (same source), but in almost all cases of a big crash in equities, treasury and to a lesser extent IG bonds gave you a big positive return to help out. HY, not so much and in some cases actually gave you a worse performance than equities themselves.
Please believe me when I say it is a huge help psychologically to have some of your investments going up when the others are going down, which to me at least is a great reason to have some money invested in bonds.
You’ve convinced me, how much should I have in bonds?
Ok so I’m probably being slightly optimistic here given the number of posts I see on reddit about how VDHG would be so much better if Vanguard got rid of that terrible 10% that’s invested in bonds and put it all in equities instead.
It would be nice to think though that some people are now realising that come the next crash they too might not behave entirely rationally, and it sure would be nice to own some assets that are going to zig when the stock market zags, so to speak.
On the off chance that I have actually convinced people, well it really comes down to your particular risk profile. This is going to be hard to believe for some people, but in the US the default portfolio for most investors is 60% stocks and 40% bonds.
Looking at Oz , the default balanced investment option for most super funds over here are supposed to have something like a 70:30 split between growth assets (shares and property) and defensive assets (bonds and cash) although the reality is a long long way from that if you actually look into how they invest (that’s a discussion for another time though). So that maybe provides a useful starting point.
I know that the average FIRE portfolio that gets talked about particularly from younger bloggers (who have likely never experienced a sustained down market) is pretty much 100% equities and property, maybe even leveraged up. Which is fine if you can hold on through the downturns, but not everyone can do this because it is extremely difficult to do psychologically. I wish them all the best of luck, but I am pretty sure that at least some of them will decide that it’s all too much and sell whenever we have the next crash.
There are exceptions to the rule though. One of my favourite bloggers, and someone who I know thinks deeply about this sort of stuff, is the FI Explorer who has about 15% in bonds and 15% in defensive alternatives (gold and bitcoin) as per his latest portfolio update.
Whilst I don’t like Bitcoin myself, or gold for that matter, he writes a good explanation about why he holds both here. I still don’t like either asset myself, but I recognise that I am not infallible, I could well be wrong about this, and certainly historically they have worked well as hedges.
In any case the more important point here is that there is basically a 30% allocation to what would be regarded as defensive type assets. This is actually a bit over his actual target of 25% in defensive assets, but he probably sleeps just fine at night.
I’m a little more aggressive in only having about 21% of my assets (excluding PPoR) in cash and bonds, but it’s not a huge difference. Both of us have been invested through stock market crashes and hopefully have come to realise that we are not the hyper rational investors that economists believe we are, and therefore it’s best to have a bit invested in stuff that will go up or at least hold it’s value when everything else is crashing.
How do I buy bonds?
You can buy bonds individually, but you tend to need to have a fair amount of money to do so and you can run into a lot of problems with liquidity, big bid/ask spreads etc, it’s hard to build up a diversified portfolio etc.
I buy bonds the same way I buy stocks, ie via an ETF. Most of the major ETF providers have some variety of index ETFs tracking Treasury only or Treasury plus Investment Grade bonds, or you can buy HY stuff if you want. Personally I just use one ETF which has about 75% in treasuries and the rest in IG. There are also some actively managed bond funds out there, either as ETFs or managed funds.
For the reasons I outlined above about bonds being a psychological safe harbour I personally would (and do) only invest in bonds which are likely to up in a crisis, but different strokes for different folks applies as always.
Any more questions?
I’ve only really scratched the surface here of talking about bonds, but at the same time I feel like it’s an overwhelming amount of information. If you have more questions then as always I’m happy to answer them in the comments!
Do you invest in bonds? If you enjoyed this post and would like to read more like it then please subscribe!
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