blockchain - How do you verify a block manually? - Bitcoin ...

Am I correct in thinking that, when mining bitcoin, only one miner in the world will gain bitcoin from verifying each block in the blockchain? How could this realistically make anyone a profit?

As I understand it, the hard part of mining bitcoin isn't in verifying the transaction, it's in being the first to find the hash equal to or lower than the target hash. If there are millions of miners all over the world looking for that hash, including giant, multiple-building farms, and only one block is added to the blockchain every 10 minutes, how could anyone mining from home hope to make any profit at all? Would you not just be losing stupendous amounts of money on gear and electricity and always be losing the 'hash race' to someone out there with a more powerful computer? I know and appreciate that people do this purely as a hobby and not always to make money, but I can't see how you could ever make money at all when competing with factory-sized water-cooled farms in China. I presume there's some key point I'm missing that will make everything instantly clear but I can't find it in any other explanation.
Also (side question) if it is true that in order to solve the numerical problem you need to find the hash lower than or equal to the target hash, and there's no extra reward for being the closest, only for being the first, why would you not just guess the lowest possible hash every time?
thank y'all
submitted by ambassador_shrek to NoStupidQuestions [link] [comments]

Security is crucial to a payment service. Fesschain verifies every block with blocks mined on the Bitcoin blockchain and/or the timestamp of each transaction recorded within the block, thus deeming itself practically unhackable.

submitted by az6_2 to fessOfficial [link] [comments]

Fesschain verifies every block with blocks mined on the Bitcoin blockchain and/or the timestamp of each transaction recorded within the block, thus deeming itself practically unhackable.

submitted by az6_2 to fessOfficial [link] [comments]

@binance: What Is Mimblewimble? - @BinanceAcademy The #Bitcoin #blockchain has maintained the data of every transaction since the genesis block. Anyone can download it & verify. A Mimblewimble blockchain only keeps essential information & provides more privacy. https://t.co/a3WZgImz1n

submitted by rulesforrebels to BinanceTrading [link] [comments]

@binance: What Is Mimblewimble? - @BinanceAcademy The #Bitcoin #blockchain has maintained the data of every transaction since the genesis block. Anyone can download it & verify. A Mimblewimble blockchain only keeps essential information & provides more privacy. https://t.co/a3WZgImz1n

submitted by rulesforrebels to BinanceTrading [link] [comments]

FESS chain verifies every block with Bitcoin blockchain mined blocks, which makes FESS practically unhackable.

FESS is combining Proof of Proof (PoP) methodology with AI and basic features of sharding into a new blockchain. FESS chain verifies every block with Bitcoin blockchain mined blocks, which makes FESS practically unhackable. Even if someone hacks into our blockchain, the very next block verifies back and returns where the original verified block was mined. #FesschainICO #Fess #Fesschain
https://fesschain.io
submitted by neerajanand27 to Crypto_ICO_Investing [link] [comments]

Fesschain is a multi-layered blockchain, where both recording and verifying of transactions on the network takes place in a two-step procedure. Every transaction before being recorded is confirmed either with its timestamp or with blocks mined on the Bitcoin blockchain or both.

submitted by az6_2 to fessOfficial [link] [comments]

FESS is combining Proof of Proof (PoP) methodology with AI and basic features of sharding into a new blockchain. FESS chain verifies every block with Bitcoin blockchain mined blocks, which makes FESS practically unhackable.

https://fesschain.live/
submitted by sainiyogesh01 to ico [link] [comments]

08-19 12:52 - 'You can verify it yourself. And see how many % blocks are supporting Segwit2X. I don't need to lie. Blockchain shows everything. / Core is going to fork itself of unless it reverts it's update. Wait for it.' by /u/Brighteyes720 removed from /r/Bitcoin within 182-192min

'''
You can verify it yourself. And see how many % blocks are supporting Segwit2X. I don't need to lie. Blockchain shows everything.
Core is going to fork itself of unless it reverts it's update. Wait for it.
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: Brighteyes720
submitted by removalbot to removalbot [link] [comments]

'Rollerchain', sync the entire blockchain without having to download and verify all the blocks. /r/Bitcoin

'Rollerchain', sync the entire blockchain without having to download and verify all the blocks. /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Can we make Bitcoin blocks bigger if we have more advanced technology which everyone could afford?

submitted by ff20001000 to BitcoinBeginners [link] [comments]

[Draw #59] It’s almost time to see who our winner is, the draw awaits!

Here’s the part where we get one in the crowd.

TL;DR - This post is for the sole purpose of choosing a winner. If you commented in this [Drawing Thread], you are entered in the drawing and don't need to do anything else. By 16:00 UTC, the winner will be selected. The Bitcoin (BTC) blockchain will be used to pick this winner. This can be verified at any device running Python 3.5, and you do not need to own Bitcoin in order to participate.
Additionally, all information to replicate the Drawing at home is available on Dropbox and GitHub, scroll down for more information.
Importantly, this post WILL NOT BE EDITED in order to keep the integrity of the Drawing. To verify this, there will not be an asterisk during the time passed since its creation. The winner will be announced in a stickied comment.
DISCLAIMER: Some of the information may be unrevised, but procedures are the same as prior draws. Thank you.
Off Topic:
The [Discussion] Thread at /millionairemakersmeta is open. All comments are welcome there for any inquiries.
[Discussion for Fall and Winter 2020-2021]: https://old.reddit.com/millionairemakersmeta/comments/iw8mse/_/
Explanation!
The Bitcoin (BTC) blockchain will be used to choose a winner. Once the time listed has passed, there will be an active check to determine the blockchain's winning hash. Like before, this subreddit will wait for the 3rd Block after the time (being 16:00 UTC) to select the winner.
If a block is discovered by 15:59 UTC, it will not be counted towards the counter of three blocks. If it's discovered by 16:00:00 UTC, then it will decrease the counter. This can be checked by seeing the timestamp given to it by blockchain explorers.
You are able to see how this subreddit will verify the winner by checking the GitHub repository, which also includes a back-up plan in case of an emergency.
Standard Protocol:
This post will not be edited! This is to prevent tampering of the hash or files by any of the moderators. To prove this, look for the lack of an asterisk near the time since creation.
To verify if a hash for a file is that of Draw #59, upload the file of choice to a SHA-256 generator, and match it with its respective hash output. The result you receive should be the same as what is listed here.
If you are interested in doing this for yourself, download Python 3.5 or better and follow the path to the folder labeled: MM59
Status Reports:
I will be commenting on the progress of the drawing via the comments, so other users can keep track of the progress. These comments will be pinned at the top of the post and be distinguished. Most likely, after 1:00 PM ET, the pinned comment will be announcing the winner.
If you can run Python yourself and follow the instructions, you will be able to find the winner. Make sure the hash released from the blockchain and the total number of participants match with what is described below. In addition, thank you for your patience.
Information Used For Draw #59:
GitHub Repository: https://github.com/lilfruini/CommentGathering-MillionaireMakers/tree/masteMM59 SHA-256 of Comment IDs: 6bdfd8d448bad1a0e13011f269b1d1d6b83416a872b0ea79493c075d53506461 SHA-256 of Authors: ed70c96c86ec382e462e8c045e2a9fcdd6b8665b4e6fdd4f180185508e97bc10 SHA-256 of DQed Age: 89db4164e849a1a5638eaf69249b552fe475c7091c9f34792b0907d367fec80e SHA-256 of Multiple Posters: f3c08ddbec20b198b0f8fc5fca351919aa856b4a9bb03993fbe003021b367dc9 SHA-256 of Truncated IDs: acca048cd9bc8dfaf8d65987c45c31d704955e69fc8af141105b9af4573a8a73 Block Selection: The Third Bitcoin Block After 18 October 2020 - 16:00:00 UTC Total Participants: 7,252 
submitted by MakerOfMillionaires to millionairemakers [link] [comments]

[Draw #58] We have our comments, and soon we’ll have our winner!

Alright.

TL;DR - This post is for the sole purpose of choosing a winner. If you commented in this [Drawing Thread], you are entered in the drawing and don't need to do anything else. By 16:00 UTC, the winner will be selected. The Bitcoin (BTC) blockchain will be used to pick this winner. This can be verified at any device running Python 3.5, and you do not need to own Bitcoin in order to participate.
Additionally, all information to replicate the Drawing at home is available on Dropbox and GitHub, scroll down for more information.
Importantly, this post WILL NOT BE EDITED in order to keep the integrity of the Drawing. To verify this, there will not be an asterisk during the time passed since its creation. The winner will be announced in a stickied comment.
DISCLAIMER: Some of the information may be unrevised, but procedures are the same as prior draws. Thank you.
Off Topic:
The [Discussion] Thread at /millionairemakersmeta is open. All comments are welcome there for any inquiries.
[Discussion for Fall and Winter 2020-2021]: https://old.reddit.com/millionairemakersmeta/comments/iw8mse/_/
Explanation!
The Bitcoin (BTC) blockchain will be used to choose a winner. Once the time listed has passed, there will be an active check to determine the blockchain's winning hash. Like before, this subreddit will wait for the 3rd Block after the time (being 16:00 UTC) to select the winner.
If a block is discovered by 15:59 UTC, it will not be counted towards the counter of three blocks. If it's discovered by 16:00:00 UTC, then it will decrease the counter. This can be checked by seeing the timestamp given to it by blockchain explorers.
You are able to see how this subreddit will verify the winner by checking the GitHub repository, which also includes a back-up plan in case of an emergency.
Standard Protocol:
This post will not be edited! This is to prevent tampering of the hash or files by any of the moderators. To prove this, look for the lack of an asterisk near the time since creation.
To verify if a hash for a file is that of Draw #58, upload the file of choice to a SHA-256 generator, and match it with its respective hash output. The result you receive should be the same as what is listed here.
If you are interested in doing this for yourself, download Python 3.5 or better and follow the path to the folder labeled: MM58
Status Reports:
I will be commenting on the progress of the drawing via the comments, so other users can keep track of the progress. These comments will be pinned at the top of the post and be distinguished. Most likely, after 1:00 PM ET, the pinned comment will be announcing the winner.
If you can run Python yourself and follow the instructions, you will be able to find the winner. Make sure the hash released from the blockchain and the total number of participants match with what is described below. In addition, thank you for your patience.
Information Used For Draw #58:
GitHub Repository: https://github.com/lilfruini/CommentGathering-MillionaireMakers/tree/masteMM58 SHA-256 of Comment IDs: 965c2c672cdcb28ac73f5bd866fc32403b8c7c8c94ffbb5c7e7ab93dccae8b58 SHA-256 of Authors: 62f3f887c55f6b6cffa3c3031c7a29ab25da8a653b327f4367ca914d92c8d866 SHA-256 of DQed Age: a05064a8c85ee95f48a4ac9f8f5b5562005a7dd9057bc8fa72bb7c3bfb785d08 SHA-256 of Multiple Posters: 1972757669a1deea8c21f97b2eed5bd191e75eb31b0cef24428ab4f1eede8649 SHA-256 of Truncated IDs: 1d66d36bb98ed5a8547209b2270bd72caa6d61276469aeb336cd64f628e5dcdc Block Selection: The Third Bitcoin Block After 20 September 2020 - 16:00:00 UTC Total Participants: 7,468 
submitted by MakerOfMillionaires to millionairemakers [link] [comments]

Is there a simple way to download the full chain without running a node?

Apparently, archive nodes are the ones that keep the full history of the blockchain. But is there a way to retrieve it without running one of those nodes.
submitted by thomasbbbb to BitcoinBeginners [link] [comments]

What happens to Bitcoin in the long term?

Question regarding the viability of bitcoin in the long term. From my understanding, the security of bitcoin comes from miners who verify the blockchain. What happens when there is so much halving that the reward for mining bitcoin is extremely low and the cost of verifying the blockchain for the miners exceeds the reward of their bitcoin?
submitted by tmiller222 to Bitcoin [link] [comments]

MAAM – Monero Ask Anything Monday – August 03, 2020

Given the success of the previous MAAMs (see here), let's keep this rolling.
The principle is simple: ask anything you'd like to know about Monero, especially the dumb questions that you've been keeping for you every other days, may the community clarify it all!
Finally, credits to binaryFate for starting the concept!
submitted by AutoModerator to Monero [link] [comments]

Hello everyone, just created my wallet. Cuz I love Doge

Hello everyone, just created my wallet. Cuz I love Doge submitted by my_pp_so_smol to dogecoin [link] [comments]

Ultimate glossary of crypto currency terms, acronyms and abbreviations

I thought it would be really cool to have an ultimate guide for those new to crypto currencies and the terms used. I made this mostly for beginner’s and veterans alike. I’m not sure how much use you will get out of this. Stuff gets lost on Reddit quite easily so I hope this finds its way to you. Included in this list, I have included most of the terms used in crypto-communities. I have compiled this list from a multitude of sources. The list is in alphabetical order and may include some words/terms not exclusive to the crypto world but may be helpful regardless.
2FA
Two factor authentication. I highly advise that you use it.
51% Attack:
A situation where a single malicious individual or group gains control of more than half of a cryptocurrency network’s computing power. Theoretically, it could allow perpetrators to manipulate the system and spend the same coin multiple times, stop other users from completing blocks and make conflicting transactions to a chain that could harm the network.
Address (or Addy):
A unique string of numbers and letters (both upper and lower case) used to send, receive or store cryptocurrency on the network. It is also the public key in a pair of keys needed to sign a digital transaction. Addresses can be shared publicly as a text or in the form of a scannable QR code. They differ between cryptocurrencies. You can’t send Bitcoin to an Ethereum address, for example.
Altcoin (alternative coin): Any digital currency other than Bitcoin. These other currencies are alternatives to Bitcoin regarding features and functionalities (e.g. faster confirmation time, lower price, improved mining algorithm, higher total coin supply). There are hundreds of altcoins, including Ether, Ripple, Litecoin and many many others.
AIRDROP:
An event where the investors/participants are able to receive free tokens or coins into their digital wallet.
AML: Defines Anti-Money Laundering laws**.**
ARBITRAGE:
Getting risk-free profits by trading (simultaneous buying and selling of the cryptocurrency) on two different exchanges which have different prices for the same asset.
Ashdraked:
Being Ashdraked is essentially a more detailed version of being Zhoutonged. It is when you lose all of your invested capital, but you do so specifically by shorting Bitcoin. The expression “Ashdraked” comes from a story of a Romanian cryptocurrency investor who insisted upon shorting BTC, as he had done so successfully in the past. When the price of BTC rose from USD 300 to USD 500, the Romanian investor lost all of his money.
ATH (All Time High):
The highest price ever achieved by a cryptocurrency in its entire history. Alternatively, ATL is all time low
Bearish:
A tendency of prices to fall; a pessimistic expectation that the value of a coin is going to drop.
Bear trap:
A manipulation of a stock or commodity by investors.
Bitcoin:
The very first, and the highest ever valued, mass-market open source and decentralized cryptocurrency and digital payment system that runs on a worldwide peer to peer network. It operates independently of any centralized authorities
Bitconnect:
One of the biggest scams in the crypto world. it was made popular in the meme world by screaming idiot Carlos Matos, who infamously proclaimed," hey hey heeeey” and “what's a what's a what's up wasssssssssuuuuuuuuuuuuup, BitConneeeeeeeeeeeeeeeeeeeeeeeect!”. He is now in the mentally ill meme hall of fame.
Block:
A package of permanently recorded data about transactions occurring every time period (typically about 10 minutes) on the blockchain network. Once a record has been completed and verified, it goes into a blockchain and gives way to the next block. Each block also contains a complex mathematical puzzle with a unique answer, without which new blocks can’t be added to the chain.
Blockchain:
An unchangeable digital record of all transactions ever made in a particular cryptocurrency and shared across thousands of computers worldwide. It has no central authority governing it. Records, or blocks, are chained to each other using a cryptographic signature. They are stored publicly and chronologically, from the genesis block to the latest block, hence the term blockchain. Anyone can have access to the database and yet it remains incredibly difficult to hack.
Bullish:
A tendency of prices to rise; an optimistic expectation that a specific cryptocurrency will do well and its value is going to increase.
BTFD:
Buy the fucking dip. This advise was bestowed upon us by the gods themselves. It is the iron code to crypto enthusiasts.
Bull market:
A market that Cryptos are going up.
Consensus:
An agreement among blockchain participants on the validity of data. Consensus is reached when the majority of nodes on the network verify that the transaction is 100% valid.
Crypto bubble:
The instability of cryptocurrencies in terms of price value
Cryptocurrency:
A type of digital currency, secured by strong computer code (cryptography), that operates independently of any middlemen or central authoritie
Cryptography:
The art of converting sensitive data into a format unreadable for unauthorized users, which when decoded would result in a meaningful statement.
Cryptojacking:
The use of someone else’s device and profiting from its computational power to mine cryptocurrency without their knowledge and consent.
Crypto-Valhalla:
When HODLers(holders) eventually cash out they go to a place called crypto-Valhalla. The strong will be separated from the weak and the strong will then be given lambos.
DAO:
Decentralized Autonomous Organizations. It defines A blockchain technology inspired organization or corporation that exists and operates without human intervention.
Dapp (decentralized application):
An open-source application that runs and stores its data on a blockchain network (instead of a central server) to prevent a single failure point. This software is not controlled by the single body – information comes from people providing other people with data or computing power.
Decentralized:
A system with no fundamental control authority that governs the network. Instead, it is jointly managed by all users to the system.
Desktop wallet:
A wallet that stores the private keys on your computer, which allow the spending and management of your bitcoins.
DILDO:
Long red or green candles. This is a crypto signal that tells you that it is not favorable to trade at the moment. Found on candlestick charts.
Digital Signature:
An encrypted digital code attached to an electronic document to prove that the sender is who they say they are and confirm that a transaction is valid and should be accepted by the network.
Double Spending:
An attack on the blockchain where a malicious user manipulates the network by sending digital money to two different recipients at exactly the same time.
DYOR:
Means do your own research.
Encryption:
Converting data into code to protect it from unauthorized access, so that only the intended recipient(s) can decode it.
Eskrow:
the practice of having a third party act as an intermediary in a transaction. This third party holds the funds on and sends them off when the transaction is completed.
Ethereum:
Ethereum is an open source, public, blockchain-based platform that runs smart contracts and allows you to build dapps on it. Ethereum is fueled by the cryptocurrency Ether.
Exchange:
A platform (centralized or decentralized) for exchanging (trading) different forms of cryptocurrencies. These exchanges allow you to exchange cryptos for local currency. Some popular exchanges are Coinbase, Bittrex, Kraken and more.
Faucet:
A website which gives away free cryptocurrencies.
Fiat money:
Fiat currency is legal tender whose value is backed by the government that issued it, such as the US dollar or UK pound.
Fork:
A split in the blockchain, resulting in two separate branches, an original and a new alternate version of the cryptocurrency. As a single blockchain forks into two, they will both run simultaneously on different parts of the network. For example, Bitcoin Cash is a Bitcoin fork.
FOMO:
Fear of missing out.
Frictionless:
A system is frictionless when there are zero transaction costs or trading retraints.
FUD:
Fear, Uncertainty and Doubt regarding the crypto market.
Gas:
A fee paid to run transactions, dapps and smart contracts on Ethereum.
Halving:
A 50% decrease in block reward after the mining of a pre-specified number of blocks. Every 4 years, the “reward” for successfully mining a block of bitcoin is reduced by half. This is referred to as “Halving”.
Hardware wallet:
Physical wallet devices that can securely store cryptocurrency maximally. Some examples are Ledger Nano S**,** Digital Bitbox and more**.**
Hash:
The process that takes input data of varying sizes, performs an operation on it and converts it into a fixed size output. It cannot be reversed.
Hashing:
The process by which you mine bitcoin or similar cryptocurrency, by trying to solve the mathematical problem within it, using cryptographic hash functions.
HODL:
A Bitcoin enthusiast once accidentally misspelled the word HOLD and it is now part of the bitcoin legend. It can also mean hold on for dear life.
ICO (Initial Coin Offering):
A blockchain-based fundraising mechanism, or a public crowd sale of a new digital coin, used to raise capital from supporters for an early stage crypto venture. Beware of these as there have been quite a few scams in the past.
John mcAfee:
A man who will one day eat his balls on live television for falsely predicting bitcoin going to 100k. He has also become a small meme within the crypto community for his outlandish claims.
JOMO:
Joy of missing out. For those who are so depressed about missing out their sadness becomes joy.
KYC:
Know your customer(alternatively consumer).
Lambo:
This stands for Lamborghini. A small meme within the investing community where the moment someone gets rich they spend their earnings on a lambo. One day we will all have lambos in crypto-valhalla.
Ledger:
Away from Blockchain, it is a book of financial transactions and balances. In the world of crypto, the blockchain functions as a ledger. A digital currency’s ledger records all transactions which took place on a certain block chain network.
Leverage:
Trading with borrowed capital (margin) in order to increase the potential return of an investment.
Liquidity:
The availability of an asset to be bought and sold easily, without affecting its market price.
of the coins.
Margin trading:
The trading of assets or securities bought with borrowed money.
Market cap/MCAP:
A short-term for Market Capitalization. Market Capitalization refers to the market value of a particular cryptocurrency. It is computed by multiplying the Price of an individual unit of coins by the total circulating supply.
Miner:
A computer participating in any cryptocurrency network performing proof of work. This is usually done to receive block rewards.
Mining:
The act of solving a complex math equation to validate a blockchain transaction using computer processing power and specialized hardware.
Mining contract:
A method of investing in bitcoin mining hardware, allowing anyone to rent out a pre-specified amount of hashing power, for an agreed amount of time. The mining service takes care of hardware maintenance, hosting and electricity costs, making it simpler for investors.
Mining rig:
A computer specially designed for mining cryptocurrencies.
Mooning:
A situation the price of a coin rapidly increases in value. Can also be used as: “I hope bitcoin goes to the moon”
Node:
Any computing device that connects to the blockchain network.
Open source:
The practice of sharing the source code for a piece of computer software, allowing it to be distributed and altered by anyone.
OTC:
Over the counter. Trading is done directly between parties.
P2P (Peer to Peer):
A type of network connection where participants interact directly with each other rather than through a centralized third party. The system allows the exchange of resources from A to B, without having to go through a separate server.
Paper wallet:
A form of “cold storage” where the private keys are printed onto a piece of paper and stored offline. Considered as one of the safest crypto wallets, the truth is that it majors in sweeping coins from your wallets.
Pre mining:
The mining of a cryptocurrency by its developers before it is released to the public.
Proof of stake (POS):
A consensus distribution algorithm which essentially rewards you based upon the amount of the coin that you own. In other words, more investment in the coin will leads to more gain when you mine with this protocol In Proof of Stake, the resource held by the “miner” is their stake in the currency.
PROOF OF WORK (POW) :
The competition of computers competing to solve a tough crypto math problem. The first computer that does this is allowed to create new blocks and record information.” The miner is then usually rewarded via transaction fees.
Protocol:
A standardized set of rules for formatting and processing data.
Public key / private key:
A cryptographic code that allows a user to receive cryptocurrencies into an account. The public key is made available to everyone via a publicly accessible directory, and the private key remains confidential to its respective owner. Because the key pair is mathematically related, whatever is encrypted with a public key may only be decrypted by its corresponding private key.
Pump and dump:
Massive buying and selling activity of cryptocurrencies (sometimes organized and to one’s benefit) which essentially result in a phenomenon where the significant surge in the value of coin followed by a huge crash take place in a short time frame.
Recovery phrase:
A set of phrases you are given whereby you can regain or access your wallet should you lose the private key to your wallets — paper, mobile, desktop, and hardware wallet. These phrases are some random 12–24 words. A recovery Phrase can also be called as Recovery seed, Seed Key, Recovery Key, or Seed Phrase.
REKT:
Referring to the word “wrecked”. It defines a situation whereby an investor or trader who has been ruined utterly following the massive losses suffered in crypto industry.
Ripple:
An alternative payment network to Bitcoin based on similar cryptography. The ripple network uses XRP as currency and is capable of sending any asset type.
ROI:
Return on investment.
Safu:
A crypto term for safe popularized by the Bizonnaci YouTube channel after the CEO of Binance tweeted
“Funds are safe."
“the exchage I use got hacked!”“Oh no, are your funds safu?”
“My coins better be safu!”


Sats/Satoshi:
The smallest fraction of a bitcoin is called a “satoshi” or “sat”. It represents one hundred-millionth of a bitcoin and is named after Satoshi Nakamoto.
Satoshi Nakamoto:
This was the pseudonym for the mysterious creator of Bitcoin.
Scalability:
The ability of a cryptocurrency to contain the massive use of its Blockchain.
Sharding:
A scaling solution for the Blockchain. It is generally a method that allows nodes to have partial copies of the complete blockchain in order to increase overall network performance and consensus speeds.
Shitcoin:
Coin with little potential or future prospects.
Shill:
Spreading buzz by heavily promoting a particular coin in the community to create awareness.
Short position:
Selling of a specific cryptocurrency with an expectation that it will drop in value.
Silk road:
The online marketplace where drugs and other illicit items were traded for Bitcoin. This marketplace is using accessed through “TOR”, and VPNs. In October 2013, a Silk Road was shut down in by the FBI.
Smart Contract:
Certain computational benchmarks or barriers that have to be met in turn for money or data to be deposited or even be used to verify things such as land rights.
Software Wallet:
A crypto wallet that exists purely as software files on a computer. Usually, software wallets can be generated for free from a variety of sources.
Solidity:
A contract-oriented coding language for implementing smart contracts on Ethereum. Its syntax is similar to that of JavaScript.
Stable coin:
A cryptocoin with an extremely low volatility that can be used to trade against the overall market.
Staking:
Staking is the process of actively participating in transaction validation (similar to mining) on a proof-of-stake (PoS) blockchain. On these blockchains, anyone with a minimum-required balance of a specific cryptocurrency can validate transactions and earn Staking rewards.
Surge:
When a crypto currency appreciates or goes up in price.
Tank:
The opposite of mooning. When a coin tanks it can also be described as crashing.
Tendies
For traders , the chief prize is “tendies” (chicken tenders, the treat an overgrown man-child receives for being a “Good Boy”) .
Token:
A unit of value that represents a digital asset built on a blockchain system. A token is usually considered as a “coin” of a cryptocurrency, but it really has a wider functionality.
TOR: “The Onion Router” is a free web browser designed to protect users’ anonymity and resist censorship. Tor is usually used surfing the web anonymously and access sites on the “Darkweb”.
Transaction fee:
An amount of money users are charged from their transaction when sending cryptocurrencies.
Volatility:
A measure of fluctuations in the price of a financial instrument over time. High volatility in bitcoin is seen as risky since its shifting value discourages people from spending or accepting it.
Wallet:
A file that stores all your private keys and communicates with the blockchain to perform transactions. It allows you to send and receive bitcoins securely as well as view your balance and transaction history.
Whale:
An investor that holds a tremendous amount of cryptocurrency. Their extraordinary large holdings allow them to control prices and manipulate the market.
Whitepaper:

A comprehensive report or guide made to understand an issue or help decision making. It is also seen as a technical write up that most cryptocurrencies provide to take a deep look into the structure and plan of the cryptocurrency/Blockchain project. Satoshi Nakamoto was the first to release a whitepaper on Bitcoin, titled “Bitcoin: A Peer-to-Peer Electronic Cash System” in late 2008.
And with that I finally complete my odyssey. I sincerely hope that this helped you and if you are new, I welcome you to crypto. If you read all of that I hope it increased, you in knowledge.
my final definition:
Crypto-Family:
A collection of all the HODLers and crypto fanatics. A place where all people alike unite over a love for crypto.
We are all in this together as we pioneer the new world that is crypto currency. I wish you a great day and Happy HODLing.
-u/flacciduck
feel free to comment words or terms that you feel should be included or about any errors I made.
Edit1:some fixes were made and added words.
submitted by flacciduck to CryptoCurrency [link] [comments]

You may be in quarantine, but that doesn’t mean we aren’t! For those who don’t know, every month this subreddit makes a millionaire out of one comment, and donates. With danger out and about, take some time and comment to enter! [Drawing Thread #52]

I thought this year would be a lot more normal.

Introduction:
Welcome to anyone and everyone coming from /popular. To be honest, I probably should've expected this, given that most of us are staying home.
For those who aren't familiar: every month, we ask for comments for entry, and we pick one who represents our winner. This process is completely random and verifiable, using the Bitcoin blockchain as a sophisticated die. Following this, people then donate to the winner using a variety of mediums, and the winner would go on to be a "millionaire" (arguably, our definition of that term is pretty loose).
So once again, thank you for your support. The post lasts for 24 hours before getting locked, so make sure you place your comment before 7 PM ET. In addition, I may make a [Part 2] if we reach the limit. If that happens, I will sticky a comment on this post temporarily. Let's make a millionaire!
In Case You Missed It:

Information

  • REQUIRED: Leave only one (1) top level comment in reply to this thread! (Replying to other comments will not qualify. You must be thirty days old or older to comment.)
  • A random user who commented will be chosen, and everyone donates a dollar to make a millionaire.
  • February 19 at 7:00 PM ET (epoch timestamp: 1582153200 (a bit tricky taking DST into consideration, it’s been updated)) is the cutoff for accounts. If you have created your account after this point, you are not eligible to enter and your submission will be disqualified automatically.
  • March 22 at 12:00 PM ET (epoch timestamp: 1584892800) will begin the process of selecting the winner. At this time, the [Draw] post will be online and start the process of waiting for the blockchain, in order to select the winner randomly and verifiably.
  • If you'd like to be reminded to donate to the winner through PM via the RemindMeBot, click here! You can also be reminded by commenting in the thread: "RemindMe! 3 days Donation for /millionairemakers".
  • That's it! If you would like to see the extended rules and FAQs, or if you have questions yourself, click here to be redirected to the thread! Additionally, look out for the stickied post at /millionairemakersmeta. You are welcome to spread this thread via upvoting, telling friends and family, and sharing on social media!

Major Announcements

Mini Survey:
NOTE: A Google account is required to respond to hinder tampering, but you are not obligated to answer.
So I’ve been thinking about this for a while: people are not having pleasant experiences with PayPal. If the account isn’t blocked, then there are issues with fees, fear of the seizure of funds, and the risk of revealing personally identifiable information. However, it is the largest platform used by /MillionaireMakers, and is the provider of most donations on this subreddit.
This survey is purely to see how people feel about this. Unless if the winner chooses to not accept PayPal, we will continue to offer this service for tonight’s thread.
My questions are:
1) How would you feel about a ban on the PayPal service here on /MillionaireMakers?
2) Would removing PayPal as a service affect your ability to donate?
3) Should /MillionaireMakers remove PayPal?
I will periodically post results here. If you are interested in responding, please answer here, answers will not be accepted at the time the [Draw] is posted: https://docs.google.com/forms/d/e/1FAIpQLSffkP3SKdTi9lLPbtO8taG4_-cdctYlAf8SvohvzoJvTOYdhw/viewform?usp=sf_link
Drawing Process Mini-Update:
This is as short as they come, leroy627 has made a commit to the repository that adds backwards-compatibility up to Python 3.5. Procedure will be run with the following conditions: the first comment of duplicates are kept for the month of March, and any ineligible comments will be removed.
If you are interested in more information, see [Drawing Thread #51]: https://reddit.com/millionairemakers/comments/f7jdxz/alright_were_getting_back_into_the_flow_happy/

Conclusion

Sunday at 12 PM ET (16 UTC), we will be picking our winner, and you won’t want to miss it. The post will be labeled [Draw], and one comment will be selected out of the many made here to make a winner!
Remember, this is about generosity, making an impact, and uniting to make someone's life better. It takes three minutes to donate a bit to the winner, whether you're well off and want to donate a couple bucks, or going through tough times and can only donate a few coins. Every cent makes cents, and counts!
If a lone $1 can get you a mask for obvious reasons, then imagine the possibilities with $1,000,000. You can get a full-body suit, new doors, and someone to love you! Admittedly, for the wrong reasons, but the option is there.
A million dollars can make someone’s suffering less sufferable. Spread the word: have your friends and family comment, post the link to your friendly-neighborhood social media network, and share it to anyone interested.

Let’s make a millionaire!

Why, kind Haiku? Why?
Am I to atone in home?
Perhaps. I’ll get by.
submitted by MakerOfMillionaires to millionairemakers [link] [comments]

I did the thing

I did the thing submitted by TomSurman to Bitcoin [link] [comments]

[Draw #57] The comments have been gathered, it is time to see who our winner is!

Let’s hope everything goes smoothly this time!

TL;DR - This post is for the sole purpose of choosing a winner. If you commented in this [Drawing Thread], you are entered in the drawing and don't need to do anything else. By 16:00 UTC (12:00 PM EDT), the winner will be selected. The Bitcoin (BTC) blockchain will be used to pick this winner. This can be verified at any device running Python 3.5, and you do not need to own Bitcoin in order to participate.
Additionally, all information to replicate the Drawing at home is available on Dropbox and GitHub, scroll down for more information.
Importantly, this post WILL NOT BE EDITED in order to keep the integrity of the Drawing. To verify this, there will not be an asterisk during the time passed since its creation. The winner will be announced in a stickied comment.
DISCLAIMER: Some of the information may be unrevised, but procedures are the same as prior draws. Thank you.
Off Topic:
The [Discussion] Thread at /millionairemakersmeta is open. All comments are welcome there for any inquiries.
[Discussion for Spring and Summer 2020]: https://reddit.com/millionairemakersmeta/comments/g3a53t/_/
Explanation!
The Bitcoin (BTC) blockchain will be used to choose a winner. Once the time listed has passed, there will be an active check to determine the blockchain's winning hash. Like before, this subreddit will wait for the 3rd Block after the time (being 16:00 UTC) to select the winner.
If a block is discovered by 15:59 UTC, it will not be counted towards the counter of three blocks. If it's discovered by 16:00:00 UTC, then it will decrease the counter. This can be checked by seeing the timestamp given to it by blockchain explorers.
You are able to see how this subreddit will verify the winner by checking the GitHub repository, which also includes a back-up plan in case of an emergency.
Standard Protocol:
This post will not be edited! This is to prevent tampering of the hash or files by any of the moderators. To prove this, look for the lack of an asterisk near the time since creation.
To verify if a hash for a file is that of Draw #57, upload the file of choice to a SHA-256 generator, and match it with its respective hash output. The result you receive should be the same as what is listed here. Only use the files that are in the GitHub repository.
If you are interested in doing this for yourself, download Python 3.5 or better and follow the path to the folder labeled: MM57
If you decide to pursue this path of verification, DO NOT PREMATURELY ANNOUNCE THE WINNER! In the event of discrepancies, this can make manners complicated and result in difficult decisions. Doing so will result in a 40-day ban for the first offense, and continuing offenses could result in a permanent ban. You are welcome to post your results afterwards, and privately contact the moderation team if desired.
Status Reports:
I will be reporting on the progress of the drawing via the comments, so other users can keep track of the progress. These comments will be pinned at the top of the post and be distinguished. Most likely, after 1:00 PM ET, the pinned comment will be announcing the winner.
If you can run Python yourself and follow the instructions, you will be able to find the winner. Make sure the hash released from the blockchain and the total number of participants match with what is described below. In addition, thank you for your patience.
Information Used For Draw #57:
GitHub Repository: https://github.com/lilfruini/CommentGathering-MillionaireMakers/tree/masteMM57 SHA-256 of Comment IDs: c6fc972ad7a198f92b0c0570abef9e890d18f08c500309c059516fe916fc06e6 SHA-256 of Authors: 384f813e06a08032a948f3b607b30e127490bab87ba34d4212981beb8e830d5c SHA-256 of DQed Age: 9764b033c3c877feb88c169095cd4ff4e09304b18cb9e5722594093cbed2b1ed SHA-256 of Multiple Posters: fecc372c92f1daafed8a6e240a4aae282b2393aa81ece506c68dbc5dc6fd542b SHA-256 of Truncated IDs: e104fca0c44521e334e5e94f952a89ca88db0fd92617fdcf0ae962428be27114 Block Selection: The Third Bitcoin Block After 23 August 2020 - 16:00:00 UTC Total Participants: 7,654 
submitted by lilfruini to millionairemakers [link] [comments]

[ilpt] my indepth guide to ewhoring (250+ a day)

New to this forum so id like to share some of my experience with one of the things that made me a lot, ewhoring.
1) first of your going to want to create a snapchat account, this account must have a high enough snapscore of a couple of thousand to make it look legit as possible, you can boost the snapscore of the account by sending tons of snaps to a bunch of celebrity accounts on snapchat. You can easily find these buy just searching any letter in the search bar and subscribing to all the accounts. add a bitmoji that looks like your girl, you can find a ton of mega links on the internet if you look, try find something not saturated and you should be fine. A good way to look legit on snapchat is of course to send live snaps. To send live snaps uploaded through your camera roll. On iPhone you can use the app prequel. on android you can use chicken cam. Other ways to look legit is to fake your location of the person you’re talking to. My way of doing this was jailbreaking my phone and using snapbreak. you can find tutorials on how to jailbreak everywhere and downloading snapbreak you’ll have to downgrade snapchat first. keep in mind recently snapchat has been banning accounts that have downgraded there snapchat so a way to get around this is to create the account on the downgraded version of snapchat and NEVER update. if you update you won’t be able to use snapbreak without a ban. snapbreak is an amazing tool for all sorts of stuff. Uploading to live snap. faking location. quick switching between accounts, sending snaps to everyone on your snapchat (more than 200 people)
2) one of the first ways i used to get traffic to my account was POF. POF you can create an account with a phone number, with your girl’s pics of course. (do not put add my snap in the bio or you’ll be flagged on the system), just swipe right on everyone and ask everyone to add your snap, "hey add my snap ____ ", people who won’t add you will not buy shit so don’t waste your time. if you do get banned on POF you can use the same phone number a few more times till your perma banned. it’s all about high quality traffic. If you get shit traffic you’ll have a bunch of time wasters on your snap that’s never going to buy. Refrain from doing sfs with other snap chatters unless you want shit traffic. Tinder is also a good source for high quality traffic. all tough once your banned on iPhone you will be mac banned. Changing your ip won’t work and even on a jailbroken iPhone you can’t change your mac. On android devices you can change your mac with rooted devices. I personally wouldn’t go through the effort and I would just make tinder accounts through pc. You can download tmac v6, and any proxy VPN will work. Always remember to clear cookies before creating a new account. Eventually you will run out of phone numbers to use once you get banned but we will get into that in the next step.
​​​​​​​3) Smspva.com and smspool are great tools to get disposable phone numbers to create new accounts. For a small payment of like 50c to $1 per phone number. This can be paid through bitcoin. Hopefully you’ve made enough money at this stage through the traffic you got from your own number. (Yes using your own number is fine if you don’t care about getting banned from TindePOF) anyways. We will talk about how to get your ewhoring money into bitcoin in the next step.
4) Once your money is in bitcoin you can do whatever you want with it, in PayPal if you keep the money in your account to long it can be risked getting locked since you’ll be creating a PayPal account with your girls name/email. PayPal will constantly ask you to verify your account by adding a credit card or sometimes locking your account until you send proof of id. You can only get a maximum of 2500 per unverified PayPal account before they ask for verification (proof of id) you can create new PayPal accounts with new phone numbers through smspva/smspool. Paxful is a great tool to transfer your PayPal money to bitcoin. all tough ive heard you can trade PayPal to bitcoin on multiple other sites. Paxful was the one to work best for me. As I wouldn’t recommend keeping money in your PayPal account to long I suggest getting it into bitcoin asap. After a while paxful will ask for verification on your account. At this point you can just create a new account with a new email/phone number using smspool. I don’t think smspva has paxful verification phone numbers. Personally I traded about 300 at a time on paxful. And id be very wary of scammers. Once the bitcoin is in your paxful wallet. Transfer it to a third party wallet like Blockchain.
5) Let’s get back to the snapchat, remember it’s all about social engineering, get rid of the time wasters, all you want to do is create a private story to post a bunch of nude videos in and put on your main story and try advertise to everyone that your selling a premium snapchat, my prices were 20 monthly 30 lifetime to be a premium member. I charged 40 an hour for video calls. Yes I just blocked them after I received the payment. I charged 150 an hour 400 a night for meetups. With meetup scams I would ask them to pay a 75 deposit through PayPal and id send them the address, they can pay rest cash in hand or in PayPal. Once they would arrive at the address I’ve sent, (this would be a random for sale or address where no one lives in) I would tell them to pay the rest in PayPal and I’ll let them into the house. Even if they said they’d pay the rest in cash id still try tricking them into sending the rest of the payment in PayPal. I’ve made 750 of one guy using this method.
Tips:

any feed back on this method would be greatly appreciated, tell me what you think :)
submitted by ryansheraa to IllegalLifeProTips [link] [comments]

Blockchain unconfirmed transaction hack script Blockchain.com. Bitcoin. Wallet verification type: cryptographically signed message BLOCK HEADER IN BLOCKCHAIN Block Chain Verification Process for Submitting NID  Secret Video Structure of a Block [Blockchain & Cryptocurrency (Bitcoin, Ethereum)]

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Blockchain unconfirmed transaction hack script

The main way of identifying a block in the blockchain is via its block header hash. The block header is part of a block. It contains at least these five attributes: Timestamp Previous block header ... The Block Verify Identify the fake luxury goods in supply chain by monitoring the supply chain using Blockchain Technology How transactions are verified in Bitcoin Blockchain. A short simplified tutorial about Bitcoin blocks and confirmations for newbies. Easy you can check your Transations into Bitcoin Core Wallet ... How To Create Blockchain Verify Bitcoin International Wallet Full Process Step By Step Hindi/Urdu - Duration: 8:45. Internet Income l इंटरनेट इनकम 7,435 views 8:45 Structure of a Block [Blockchain & Cryptocurrency (Bitcoin, Ethereum)] Sonar Systems. Loading... Unsubscribe from Sonar Systems? Cancel Unsubscribe. Working... Subscribe Subscribed Unsubscribe 29 ...

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