Tag: #Cash

Anarchy Legacy

A Crypto Anarchist’s Legacy

Airfoil Dec 20, 2018

Timothy May on the cover of the second issue of Wired magazine with 2 fellow cypherpunks

Sadly, this past week we lost an icon that helped to spur the cypherpunk movement. Timothy May, who wrote The Crypto Anarchist Manifesto in 1988, lauched a movement that is still very prominent today.

For the uninitiated, a Crypto-Anarchist focuses on subverting the current laws and using new technologies to the benefit of the common man.

In the original manifesto, May says crypto-anarchy focuses on “encryption, digital money, anonymous networks, digital pseudonyms, zero-knowledge, reputations, information markets, black markets, collapse of governments”.

The manifesto was written just before the first crypto wars began during the early 1990’s.

The governments of the world fiercely opposed the general public using cryptographic encryption protocols.

The idea that a normal citizen could completely hide what they say in an electronic message was their biggest concern.

The governments cited national security as a concern (We’ve heard this excuse used many times before).

Tim May was embroiled in the center of this alongside his group of fellow cypherpunks.

RSA Security, a leading computer securty company founded by world-renowned cryptologists, created this poster against a hardware chip that used a US-government supplied encryption standard

The legislation of the anti-encryption laws would also affect payment processing technology. There was a large push back from tech companies that would have to deal with these issues first-hand.

The crypto wars of the 1990’s ended with the concession from the government that encryption was readily available around the world.

The public had won their first bout against the government surveillance state. Alongside the public, you had the cypherpunks and large tech companies that were all fighting a common threat.

There was not much of an issue in terms of encryption for quite a few more years.

Every few years afterward, the idea of backdoors into encryption schemes were brought up but nothing ever came about these new ideations.

The Crypto Wars Redux

The expansion of computational power and development of more efficient processing equipment closed the gap as to who can gain access to encryption software.

The widespread availabilty of software/hardware that can perform these cryptographic calculations involved in encryption and the ease of use has made it possible for the layman to encrypt their own personal messages, video calls,emails, and notes.

Encrypting an email with someone who has never imported a key to their keyring, or generated their own PGP public/private key pair is a thing of the past.

Many of the services that exist today offer these solutions out of the box. The process has become much easier for all parties involved.

Anyone that is now using this technology benefits from this on a privacy and security level.

With all parties benefitting, the leviathan rears its head once more. Australia has passed an anti-encryption bill that will force large tech companies to allow the Australian government to obtain hardware access(citing national security as a major reason).

Outrage has spilled out of the larger tech companies. The end-to-end zero knowledge messaging/calling app, Signal, has taken a stand against this bill.

This sounds very similar to the issues Tim May was battling with during the early days of the First Crypto War.

The cypherpunks came out on top and I’m sure this legislation will face a similar fate.

May’s Impact on the World

The imprint that Timothy May left on the world is profound. The mass adoption of encryption as well as cryptocurrencies shows just how far ahead of the times he was.

May urged the importance of privacy.

He insisted on the use of encryption to keep your communications private.

Currently on a majority of mobile phones there are applications that provide encrypted communications. Whatsapp uses the Signal protocol which was developed by cypherpunk Moxie Marlinspike.

The rise of cryptocurrencies is an ideal that May was very hopeful for.

May did come out against the anti-privacy issues of bitcoin.

There are projects that offer solutions for this privacy debate.

Much of the developer-base of these certain cryptocurrencies have their foundation based in the cypherpunk tradition.

The Cryptocurrencies that aim for a privacy by default mechanism are monero and the soon to launch GRIN which uses the Mimblewimble Protocol (To see an extremely entertaining introduction to the GRIN project via talk-to-text chat for privacy preservation, listen to the creator of Grin).

Zcash is moving in the direction of private by default and the superior cryptography of the ZK range proofs will help to create a very private cryptocurrency.

Cody WIlson and Amir Taaki who worked on projects focused on the crypto-anarchic tradition including Dark Wallet and Defense Distributed

The impact Tim May made on the world by helping to create a social movement shows the importance and strength of his ideals.

He has impacted a generation of people that are growing up in the digital age.

He influenced builders in the 21st century.

You have people creating new currencies, exposing government surveillance on a national scale, circumventing the broken bueracratic system by creating their own markets, anonymous internet protocols, as well as making encryption applicable to the common man (You can find a list of prominent cypherpunks here and also here).

There isn’t enough that can be said about the applications in which he believed could positively affect us.

May was cognizant of the encroaching all-seeing eye of the state but I believe we are in much better shape now than we’ve ever been.

There may be negative news about what we currently face as individuals, from the unprecedented surveillance of the Snowden leaks to the aforementioned Australian anti-encryption bill, but looking at the grand scheme of our daily lives, these tools and their functions have helped to create a much better day than May could have imagined in 1988.

He was a proponent for the industriousness of human nature to outpace the slow moving regulation that would try to bog down any progress.

You can listen here to what he thought people/creators should do when they develop ground breaking technology.

Arise, you have nothing to lose but your barbed wire fences!

Timothy C. May – “The Crypto Anarchist Manifesto”

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BitHouse RedBubble Shop

Visit BitHouse-Co’s shop, for cool artwork on awesome products!

https://www.redbubble.com/people/BitHouse-Co/shop?asc=u

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B-Money

Web Dai – B-Money

I am fascinated by Tim May's crypto-anarchy. 

Unlike the communities
traditionally associated with the word "anarchy", in a crypto-anarchy the
government is not temporarily destroyed but permanently forbidden and
permanently unnecessary. 

It's a community where the threat of violence is
impotent because violence is impossible, and violence is impossible because its participants cannot be linked to their true names or physical locations.
 
Until now it's not clear, even theoretically, how such a community could operate. 

A community is defined by the cooperation of its participants, and efficient cooperation requires a medium of exchange (money) and a way to enforce contracts. 

Traditionally these services have been provided by the government or government sponsored institutions and only to legal entities. 

In this article I describe a protocol by which these services can be provided to and by untraceable entities.
 
I will actually describe two protocols. The first one is impractical,because it makes heavy use of a synchronous and unjammable anonymous
broadcast channel. However it will motivate the second, more practical protocol.

In both cases I will assume the existence of an untraceable network, where senders and receivers are identified only by digital
pseudonyms (i.e. public keys) and every messages is signed by its sender
and encrypted to its receiver.
 
In the first protocol, every participant maintains a (seperate) database of how much money belongs to each pseudonym. These accounts collectively define the ownership of money, and how these accounts are updated is the subject of this protocol.
 
1. The creation of money. Anyone can create money by broadcasting the
solution to a previously unsolved computational problem. The only
conditions are that it must be easy to determine how much computing effort
it took to solve the problem and the solution must otherwise have no
value, either practical or intellectual. The number of monetary units
created is equal to the cost of the computing effort in terms of a
standard basket of commodities. For example if a problem takes 100 hours
to solve on the computer that solves it most economically, and it takes 3
standard baskets to purchase 100 hours of computing time on that computer
on the open market, then upon the broadcast of the solution to that
problem everyone credits the broadcaster's account by 3 units.
 
2. The transfer of money. If Alice (owner of pseudonym K_A) wishes to
transfer X units of money to Bob (owner of pseudonym K_B), she broadcasts
the message "I give X units of money to K_B" signed by K_A. 
 
Upon the broadcast of this message, everyone debits K_A's account by X units and
credits K_B's account by X units, unless this would create a negative
balance in K_A's account in which case the message is ignored.
 
3. The effecting of contracts. A valid contract must include a maximum
reparation in case of default for each participant party to it. It should
also include a party who will perform arbitration should there be a
dispute. All parties to a contract including the arbitrator must broadcast
their signatures of it before it becomes effective. Upon the broadcast of
the contract and all signatures, every participant debits the account of
each party by the amount of his maximum reparation and credits a special
account identified by a secure hash of the contract by the sum the maximum
reparations. The contract becomes effective if the debits succeed for
every party without producing a negative balance, otherwise the contract
is ignored and the accounts are rolled back. A sample contract might look
like this:
 
K_A agrees to send K_B the solution to problem P before 0:0:0 1/1/2000.
K_B agrees to pay K_A 100 MU (monetary units) before 0:0:0 1/1/2000. K_C
agrees to perform arbitration in case of dispute. K_A agrees to pay a
maximum of 1000 MU in case of default. K_B agrees to pay a maximum of 200
MU in case of default. K_C agrees to pay a maximum of 500 MU in case of
default.
 
4. The conclusion of contracts. If a contract concludes without dispute,
each party broadcasts a signed message "The contract with SHA-1 hash H
concludes without reparations." or possibly "The contract with SHA-1 hash
H concludes with the following reparations: ..." Upon the broadcast of all
signatures, every participant credits the account of each party by the
amount of his maximum reparation, removes the contract account, then
credits or debits the account of each party according to the reparation
schedule if there is one.
 
5. The enforcement of contracts. If the parties to a contract cannot agree
on an appropriate conclusion even with the help of the arbitrator, each
party broadcasts a suggested reparation/fine schedule and any arguments or
evidence in his favor. Each participant makes a determination as to the
actual reparations and/or fines, and modifies his accounts accordingly.
 
In the second protocol, the accounts of who has how much money are kept by
a subset of the participants (called servers from now on) instead of
everyone. These servers are linked by a Usenet-style broadcast channel.

The format of transaction messages broadcasted on this channel remain the
same as in the first protocol, but the affected participants of each
transaction should verify that the message has been received and
successfully processed by a randomly selected subset of the servers.
 
Since the servers must be trusted to a degree, some mechanism is needed to
keep them honest. Each server is required to deposit a certain amount of
money in a special account to be used as potential fines or rewards for
proof of misconduct. Also, each server must periodically publish and
commit to its current money creation and money ownership databases. Each
participant should verify that his own account balances are correct and
that the sum of the account balances is not greater than the total amount
of money created. This prevents the servers, even in total collusion, from
permanently and costlessly expanding the money supply. New servers can
also use the published databases to synchronize with existing servers.
 
The protocol proposed in this article allows untraceable pseudonymous
entities to cooperate with each other more efficiently, by providing them
with a medium of exchange and a method of enforcing contracts. The
protocol can probably be made more efficient and secure, but I hope this
is a step toward making crypto-anarchy a practical as well as theoretical
possibility.
 
-------
 
Appendix A: alternative b-money creation
 
One of the more problematic parts in the b-money protocol is money
creation. This part of the protocol requires that all of the account
keepers decide and agree on the cost of particular computations.
Unfortunately because computing technology tends to advance rapidly and
not always publicly, this information may be unavailable, inaccurate, or
outdated, all of which would cause serious problems for the protocol.
 
So I propose an alternative money creation subprotocol, in which account
keepers (everyone in the first protocol, or the servers in the second
protocol) instead decide and agree on the amount of b-money to be created
each period, with the cost of creating that money determined by an
auction. Each money creation period is divided up into four phases, as
follows:
 
1. Planning. The account keepers compute and negotiate with each other to
determine an optimal increase in the money supply for the next period. 

Whether or not the account keepers can reach a consensus, they each
broadcast their money creation quota and any macroeconomic calculations
done to support the figures. 
 
2. Bidding. Anyone who wants to create b-money broadcasts a bid in the
form of <x, y> where x is the amount of b-money he wants to create, and y
is an unsolved problem from a predetermined problem class. Each problem in
this class should have a nominal cost (in MIPS-years say) which is
publicly agreed on.
 
3. Computation. After seeing the bids, the ones who placed bids in the
bidding phase may now solve the problems in their bids and broadcast the
solutions.
 
4. Money creation. Each account keeper accepts the highest bids (among
those who actually broadcasted solutions) in terms of nominal cost per
unit of b-money created and credits the bidders' accounts accordingly

http://www.weidai.com/bmoney.txt

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BitAddress

Open Source JavaScript Client-Side Bitcoin Wallet Generator

A Bitcoin wallet is as simple as a single pairing of a Bitcoin address with its corresponding Bitcoin private key. Such a wallet has been generated for you in your web browser and is displayed above.

To safeguard this wallet you must print or otherwise record the Bitcoin address and private key. It is important to make a backup copy of the private key and store it in a safe location. This site does not have knowledge of your private key. If you are familiar with PGP you can download this all-in-one HTML page and check that you have an authentic version from the author of this site by matching the SHA256 hash of this HTML with the SHA256 hash available in the signed version history document linked on the footer of this site. If you leave/refresh the site or press the “Generate New Address” button then a new private key will be generated and the previously displayed private key will not be retrievable. Your Bitcoin private key should be kept a secret. Whomever you share the private key with has access to spend all the bitcoins associated with that address. If you print your wallet then store it in a zip lock bag to keep it safe from water. Treat a paper wallet like cash.

Add funds to this wallet by instructing others to send bitcoins to your Bitcoin address.

Check your balance by going to blockchain.info or blockexplorer.com and entering your Bitcoin address.

Spend your bitcoins by going to blockchain.info and sweep the full balance of your private key into your account at their website. You can also spend your funds by downloading one of the popular bitcoin p2p clients and importing your private key to the p2p client wallet. Keep in mind when you import your single key to a bitcoin p2p client and spend funds your key will be bundled with other private keys in the p2p client wallet. When you perform a transaction your change will be sent to another bitcoin address within the p2p client wallet. You must then backup the p2p client wallet and keep it safe as your remaining bitcoins will be stored there. Satoshi advised that one should never delete a wallet.

Source:

https://www.bitaddress.org/

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Vires In Numeris

Vires In Numeris

” It isn’t obvious that the world had to work this way.

But somehow the universe smiles on encryption.”

Julian Assange

Nobody yet knows for sure if the universe’s smile is genuine or not.

It is possible that our assumption of mathematical asymmetries is wrong and we find that P actually equals NP, or we find surprisingly quick solutions to specific problems which we currently assume to be hard.

If that should be the case, cryptography as we know it will cease to exist, and the implications would most likely change the world beyond recognition.

“Vires in Numeris”

=

“Strength in Numbers”

epii

Vires in numeris is not only a catchy motto used by bitcoiners.

The realization that there is an unfathomable strength to be found in numbers is a profound one.

Understanding this, and the inversion of existing power balances which it enables changed my view of the world and the future which lies ahead of us.

One direct result of this is the fact that you don’t have to ask anyone for permission to participate in Bitcoin.

There is no page to sign up, no company in charge, no government agency to send application forms to.

Simply generate a large number and you are pretty much good to go.

The central authority of account creation is mathematics.

And God only knows who is in charge of that.

Elliptic curve examples (cc-by-sa Emmanuel Boutet)

Bitcoin is built upon our best understanding of reality.

While there are still many open problems in physics, computer science, and mathematics, we are pretty sure about some things.

That there is an asymmetry between finding solutions and validating the correctness of these solutions is one such thing.

That computation needs energy is another one.

In other words: finding a needle in a haystack is harder than checking if the pointy thing in your hand is indeed a needle or not.

And finding the needle takes work.

The vastness of Bitcoin’s address space is truly mind-boggling.

The number of private keys even more so. It is fascinating how much of our modern world boils down to the improbability of finding a needle in an unfathomably large haystack.

I am now more aware of this fact than ever.

Bitcoin taught me that there is strength in numbers.

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What is Hashrate ?

Hashrate

Hashrate Bitcoin network h/s
Bitcoin Hash Rate

Hashrate (Hash per second, h/s) is an SI-derived unit representing the number of double SHA-256 computations performed in one second in the bitcoin network for cryptocurrency mining.

Hashrate is also called as hashing power. It is usually symbolized as h/s (with an appropriate SI prefix).

What is hashing power or hash rate?

The hash rate is the primary measure of a Bitcoin miner‘s performance.

In 2014, a miner’s performance was generally measured in Ghash/s, or billions of hashes per second.

The hash/second unit is also part of a common measure of a Bitcoin miner’s electric efficiency in the term watts /Ghash/s, denoted as W/Ghash/s. As 1 watt is equal to 1 joule/s, this measure can also be expressed as J/Ghash, or joules per 1 billion hashes.

Bitcoin network hash rate

Bitcoin network hashrate chart

The hash/s is also used in calculations of the Bitcoin network’s overall hash rate. Because each miner or mining pool only relays a solved block to the network, the overall hash rate of the network is calculated based on the time between blocks.

While not an accurate measure of network hash rate at any given instance in time, measurements over longer periods can be considered indicative and similar calculations are used in Bitcoin’s difficulty  adjustment.

In January 2015, the network hash rate was around 300 Phash/s, or 300 quadrillion hashes per second.

If you compare a bitcoin mining device to one that is designed to mine, for example, Ethereum, you will notice a very large apparent difference in hash rates.

This is because there are many different algorithms that cryptocurrencies use. They all require different amounts of memory and computing power in order to be mined.

To put it simply, bitcoin and its SHA256 algorithm is considered by today standards to be relatively easy to compute. As a result, a mining device that is still relevant today would need to produce hashes in the terahash range and up.

If we were to compare this to Ethereum, you’ll find that most modern Ethereum mining devices (typically GPU’s) operate in the megahash range.

At first glance, you may think that the bitcoin mining device is significantly more powerful or more productive.

While it’s true that it produces more hashes (of the SHA256 variety), this is because bitcoin hashes are easier to produce computationally.

As a consequence, the network difficulty is significantly higher for bitcoin.

To make things even more confusing, some cryptocurrencies intentionally chose algorithms that can only be mined using a basic CPU.

As a result, mining devices for this network that can produce hundreds of hashes per second are considered to be high and very competitive.

So what does all this mean?

Basically, it means that looking at the hash rate alone doesn’t necessarily tell you the effectiveness of the miner.

You also need to understand the network difficulty, and what the norm is for most mining devices for that particular cryptocurrency.

How can I calculate how many hashes I generate per second?

Your problem breaks down nicely into 3 separate tasks:

  • Sharing a single count variable across threads
  • Benchmarking thread completion time
  • Calculating hashes p/sec
  • Sharing a single count variable across threads

Now that we know that not all hashes are the same we need to know how to calculate the estimated profitability of a miner based on its hash rate.

For this, will need to use a mining profitability calculators, they are available in the Internet.

public static class GlobalCounter

 {
   public static int Value { get; private set; }
   public static void Increment()
   {
       Value = GetNextValue(Value);
   }
   private static int GetNextValue(int curValue)
   {
       return Interlocked.Increment(ref curValue);
   }
   public static void Reset()
   {
       Value = 0;
   }
 }

Before you spin off the threads call GlobalCounter.

Reset and then in each thread (after each successful hash) you would call GlobalCounter.

Increment – using Interlocked.X performs atomic operations of Value in a thread-safe manner, it’s also much faster than lock.

Benchmarking thread completion time

var sw = Stopwatch.StartNew();
Parallel.ForEach(someCollection, someValue =>
 {
   // generate hash
   GlobalCounter.Increment();
 });
 sw.Stop();
Parallel.ForEach will block until all threads have finished

Calculating hashes per second

...
sw.Stop();
var hashesPerSecond = GlobalCounter.Value / sw.Elapsed.Seconds;

How is the hash rate measured?

Hash rate is a unit measured in hashes per second or h/s and here are some usual denominations used to refer it.

Hash rate denominations:

  • 1 kH/s is 1,000 (one thousand) hashes per second;
  • 1 MH/s is 1,000,000 (one million) hashes per second;
  • 1 GH/s is 1,000,000,000 (one billion) hashes per second;
  • 1 TH/s is 1,000,000,000,000 (one trillion) hashes per second;
  • 1 PH/s is 1,000,000,000,000,000 (one quadrillion) hashes per second;
  • 1 EH/s is 1,000,000,000,000,000,000 (one quintillion) hashes per second.

Common Hash rate Conversions:

  • 1 MH/s = 1,000 kH/s;
  • 1 GH/s = 1,000 MH/s = 1,000,000 kH/s;
  • 1 TH/s = 1,000 GH/s = 1,000,000 MH/s = 1,000,000,000 kH/s.

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Door of Opportunity…

Oliver Napoleon Hill (October 26, 1883 – November 8, 1970) was an American  self-help author.

He is best known for his book Think and Grow Rich (1937), which is among the 10 best-selling self-help books of all time.

Hill's works insisted that fervid expectations are essential to improving one's life.

Most of his books were promoted as expounding principles to achieve "success".
Napoleon Hill

Born : October 26, 1883
Pound, Virginia, U.S.

Died : November 8, 1970 (aged 87)
Greenville, South Carolina, U.S.

Occupation : Author,  journalist,  salesman, lecturer

Citizenship : American

Period : 1928–1970

Genre : Non-fiction, self-help


Notable works : 

• Think and Grow Rich (1937)
• The Law of Success (1928)
• Outwitting the Devil (1938)

Spouse :

Florence Elizabeth Horner (1910–1935)

Rosa Lee Beeland (1937–1940?)

Annie Lou Norman (1943–1970)

Children : 3


Hill is, in modern times, a controversial figure.

Accused of fraud, modern historians also doubt many of his claims, such as that he met Andrew Carnegie and that he was an attorney.

Gizmodo has called him "the most famous conman you've probably never heard of".
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Thank you all for your time !!!

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Bitcoin (BTC) :

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LiteCoin(LTC) :

LYAdiSpsTJ36EWCJ5HF9EGy9iWGCwoLhed

Ethereum(ETH) :

0x602e8Ca3984943cef57850BBD58b5D0A6677D856

EthereumClassic(ETC) :

0x602e8Ca3984943cef57850BBD58b5D0A6677D856

Cardano(ADA) :

addr1q88c5cccnrqy6xesszzvf7rd4tcz87klt0m0h6uvltywqe8txwmsrrqdnpq27594tyn9vz59zv0n8367lvyc2atvrzvqlvdm9d

BinanceCoin(BNB) :

bnb1wwfnkzs34knsrv2g026t458l0mwp5a3tykeylx

BitcoinCash (BCH)

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Bitcoin SV (BSV)

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ZCash(ZEC) :

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Dash(DASH) : 

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Shiba(SHIB) :

0x602e8Ca3984943cef57850BBD58b5D0A6677D856

Tron(TRX) :

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Stellar(XLM) :

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List of stuff you can use bitcoin for

” List of stuff you can use bitcoin for

Website – Information

4Chan > do we really need to tell you what this is??

ALFA Top > Top-up your mobile phone with bitcoin or other cryptocurrency

All4btc > Online shop – buy from Amazon, Dell, Ebay, and Lenovo using BTC

Altushost > Hosting service – VPS – dedicated – web hosting – SSL certificates …

Alza > Buy electronic/mobile phones/health&beauty and a lot more (EU based)

Apmex > Buy Gold/Silver/Platinum -Never try,but I think they have good reputation.

Bastone & Co. > Hand made collection shop.

Bit Market > list of store that accept bitcoin in Philippines

Bit Refill > Recharge prepaid phones with Bitcoin

Bit Watches > USA based Luxury watches store.

BitDials > Online shop – Buy watches and jewelry using BTC.

BitGigs > Gigs for bitcoins.

BitPay > bitcoin payment service provider

Bitcoin RealEstate > Buy Real Estate with cryptocurrency – Sell your property for Bitcoin

Bitcoin Travel > Travel agency – Book your flight/hotel using bitcoin.

Bitrefill > Top up your prepaid phone, over 140 countries supported.

CR Servers > Hosting service.

CallWithUs > VOIP service that accepts BTC, pay only for the calls you make! There are no recurring membership fees

CoinPayments > -Payment Gateway -Use them many time for different service.

CoinVet > Coinvet is the groundbreaking new jobs and gigs marketplace where the crowd helps you find the best professionals for your exact needs.

Compusleuth > technical support to recover, restore, search, and produce electronic information (is that still operating??)

Crypto Emporium > offer a huge variety of high-end and luxury goods available for purchase in only cryptocurrency, no fiat.

CryptoGrind > Freelancing platform – Hire a freelancer or work as one, for bitcoins.

Echristopher and sons > Shop online for your jewelry and pay with Bitcoin.

Expedia > Travel agency – provides Hotels, Cheap Flights, Car Rentals & Vacations

Genesis Fire Protection > USA based fire protection company, fire extinguishers and fire suppression systems.

Gray and Sons > Online shop – Jewelry, Watches, and accessories.

Gyft > Buy, Send, & Redeem Gift Cards

HePays > dating website.

Hi-Tech > Computer service provider, website is very bad, probably they’re out of business.

Lamborghini Newport Beach > authorized dealership in Orange County providing Super Sports Cars to Southern California

Microsoft > you can charge your account with BTC

Mint > Finance service, all your finance in single place. “When you’re on top of your money, life is good. We help you effortlessly manage your finances in one place.”

Mosaika > Shop online for your jewelry, and pay with Bitcoin.

My Gemologist > Shop for jewelry, or CREATE your own design, and pay with bitcoin.

Namecheap > Domain Name Registrar

NewEgg > Online shop

OpenBazzar > Decentralized marketplace – Online eCommerce platform that unites buyers/sellers by virtue of the P2P/peer-to-peer network

Overstock > Online shop – designer brands and home goods

Piiko > Send money to your friends and family online or top up while travelling. Almost 600 providers from 137 countries. Pay with Bitcoin, Dash or Stellar at best rates possible.


Pizza for coins > Order Pizza online and pay with BTC

Pure VPN > VPN Service: Access US Netflix Instantly for just $2.87/m Making Security and Freedom Accessible for Anyone, Anywhere!

Purse > Online shop – buy from amazon using BTC and get a discount!

RandyBrito > Freelancer – A web developer with a passion for Bitcoin, Economics and freedom.

Reeds > USA based jewlery – Personally I like their goods (looks only, haven’ bought any yet)

Restaurants list > a map of USA restaurants that accept Bitcoin. (can anyone verify any of them?)

Sad Truth Supply > Pins, Patches, and other accessories for bitcoin.

Save the Children > Charity accepting BTC payment. P.S: probably you’ll need to contact them first to donate in bitcoin.

Silver.ag > Jewelry and Accessories for Bitcoin.

SoftRare > software solutions provider, probably out of business since their website has copyright logo for 2015

SteadyTurtle > Buy Hosting&Domain -I use them for years,great service.

Tanzanite America > North American member of The Tanzanite Authority, a group of like-minded collectors, investors, and who are dedicated to informing and supplying the very finest top quality AAA certified Tanzanite.

XBT Freelancer > Freelancing platform – Hire a freelancer or work as one, for bitcoins.

mclarennb >  Authorized McLaren Dealer

List of stuff you can use bitcoin for.

Website – Information

4Chan > do we really need to tell you what this is??

ALFA Top > Top-up your mobile phone with bitcoin or other cryptocurrency

All4btc > Online shop – buy from Amazon, Dell, Ebay, and Lenovo using BTC

Altushost > Hosting service – VPS – dedicated – web hosting – SSL certificates …

Alza > Buy electronic/mobile phones/health&beauty and a lot more (EU based)

Apmex > Buy Gold/Silver/Platinum -Never try,but I think they have good reputation.

Bastone & Co. > Hand made collection shop.

Bit Market > list of store that accept bitcoin in Philippines

Bit Refill > Recharge prepaid phones with Bitcoin

Bit Watches > USA based Luxury watches store.

BitDials > Online shop – Buy watches and jewelry using BTC.

BitGigs > Gigs for bitcoins.

BitPay > bitcoin payment service provider

Bitcoin RealEstate > Buy Real Estate with cryptocurrency – Sell your property for Bitcoin

Bitcoin Travel > Travel agency – Book your flight/hotel using bitcoin.

Bitrefill > Top up your prepaid phone, over 140 countries supported.

CR Servers > Hosting service.

CallWithUs > VOIP service that accepts BTC, pay only for the calls you make! There are no recurring membership fees

CoinPayments > -Payment Gateway -Use them many time for different service.

CoinVet > Coinvet is the groundbreaking new jobs and gigs marketplace where the crowd helps you find the best professionals for your exact needs.

Compusleuth > technical support to recover, restore, search, and produce electronic information (is that still operating??)

Crypto Emporium > offer a huge variety of high-end and luxury goods available for purchase in only cryptocurrency, no fiat.

CryptoGrind > Freelancing platform – Hire a freelancer or work as one, for bitcoins.

Echristopher and sons > Shop online for your jewelry and pay with Bitcoin.

Expedia > Travel agency – provides Hotels, Cheap Flights, Car Rentals & Vacations

Genesis Fire Protection > USA based fire protection company, fire extinguishers and fire suppression systems.

Gray and Sons > Online shop – Jewelry, Watches, and accessories.

Gyft > Buy, Send, & Redeem Gift Cards

HePays > dating website.

Hi-Tech > Computer service provider, website is very bad, probably they’re out of business.

Lamborghini Newport Beach > authorized dealership in Orange County providing Super Sports Cars to Southern California

Microsoft > you can charge your account with BTC

Mint > Finance service, all your finance in single place. “When you’re on top of your money, life is good. We help you effortlessly manage your finances in one place.”

Mosaika > Shop online for your jewelry, and pay with Bitcoin.

My Gemologist > Shop for jewelry, or CREATE your own design, and pay with bitcoin.

Namecheap > Domain Name Registrar

NewEgg > Online shop

OpenBazzar > Decentralized marketplace – Online eCommerce platform that unites buyers/sellers by virtue of the P2P/peer-to-peer network

Overstock > Online shop – designer brands and home goods

Piiko > Send money to your friends and family online or top up while travelling. Almost 600 providers from 137 countries. Pay with Bitcoin, Dash or Stellar at best rates possible.


Pizza for coins > Order Pizza online and pay with BTC

Pure VPN > VPN Service: Access US Netflix Instantly for just $2.87/m Making Security and Freedom Accessible for Anyone, Anywhere!

Purse > Online shop – buy from amazon using BTC and get a discount!

RandyBrito > Freelancer – A web developer with a passion for Bitcoin, Economics and freedom.

Reeds > USA based jewlery – Personally I like their goods (looks only, haven’ bought any yet)

Restaurants list > a map of USA restaurants that accept Bitcoin. (can anyone verify any of them?)

Sad Truth Supply > Pins, Patches, and other accessories for bitcoin.

Save the Children > Charity accepting BTC payment. P.S: probably you’ll need to contact them first to donate in bitcoin.

Silver.ag > Jewelry and Accessories for Bitcoin.

SoftRare > software solutions provider, probably out of business since their website has copyright logo for 2015

SteadyTurtle > Buy Hosting&Domain

Tanzanite America > North American member of The Tanzanite Authority, a group of like-minded collectors, investors, and who are dedicated to informing and supplying the very finest top quality AAA certified Tanzanite. (first time to hear of tanzanite to be honest, but they look cool)

XBT Freelancer > Freelancing platform – Hire a freelancer or work as one, for bitcoins.

mclarennb >  Authorized McLaren Dealer

schwartzkopff>

KFC Canada > Hunger no more, get your KFC for BTC.

Subway restaurant > Eat healthy, with bitcoins too.

CheapAir > Cheap Airline Tickets, Airfares & Discount Air Tickets

Alza > Largest Czech online retailer accepting BTC.

Pembury Tavern > Snap up a pint in Britain’s first Bitcoin pub.

FC Canada > Hunger no more, get your KFC for BTC.

Subway restaurant > Eat healthy, with bitcoins too.

CheapAir > Cheap Airline Tickets, Airfares & Discount Air Tickets

Alza > Largest Czech online retailer accepting BTC.

Pembury Tavern > Snap up a pint in Britain’s first Bitcoin pub. “

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No, Governments Can’t do a Better Job Developing Crypto

No, Governments Can’t do a Better Job Developing Crypto

Would a state-backed cryptocurrency be better than its decentralized counterpart?

International media has already rolled out their opinions on the matter. It’s a YES-IT-CAN.

The opinions find their inspirations in comments made by Christine Lagarde last week. The head of the International Monetary Fund (IMF) said that a government-backed cryptocurrency would eliminate the issues of trust that have clogged the decentralized cryptocurrencies like Bitcoin.

New York Times reacted to the IMF chief’s remarks, calling it “a hopeful sign for digital tokens,” while predicting it could “have a chilling effect on existing, nongovernmental tokens.”

The Guardian offered its editorial space to a long-time Bitcoin critic and economist Nouriel Roubini to further his plan. He outright called cryptocurrencies worthless when compared to central bank digital currencies (CBDC).“If a CBDC were to be issued, it would immediately displace cryptocurrencies, which are not scalable, cheap, secure, or [actually] decentralized,” Roubini claimed.

The comments mentioned above appear at a time when the cryptocurrency market cap has plunged by more than 70 percent since its all-time high. 

It has allowed critics to jump to the conclusion that decentralized digital currencies, mainly Bitcoin and Ethereum, have no intrinsic value, that they are highly speculative unlike central-bank issued fiat money.

Yet, critics have ignored the whys and whats that prompted the launch of decentralized assets at the first place.

They have been unable to respond to how Federal Reserve stimulus programmes, secret bailouts, and money production have destroyed the value of the US Dollar.

Their focus has turned more towards proving Bitcoin as a sugar-coated false promise of a financial revolution while ignoring the very bads of the existing financial system.

Economy believes that an asset has value when it checks scarcity and utility.

The US Dollar lacks scarcity, for its supply is governed by a centralized body called Federal Reserve. There is no check on how many dollars would get printed, allowing insiders to manipulate a greenback-backed market on their whims.

Bitcoin, on the other hand, has a set cap of 21 million tokens. Its supply is governed by mathematical algorithms, meaning no corrupt human involvement would be able to topple it.

As far as the use-cases are concerned, Bitcoin has been constantly looked at for its potential of becoming a store-of-value asset like Gold, while being constantly considered for settling cross-border payments despite its price volatility.

The critics then say that bitcoin has no intrinsic value.

But even gold and paper money suffers from the same stigma.

According to the World Council, only 15 percent of the global Gold supply is used in industrial applications. The rest goes into making bars, bullions, and jewelry – mainly because people trust they have value.

Trust is the Only Factor

The launch of Bitcoin was a response to a global financial crisis in which – let’s accept it – banks had f***ed up the economy.

The digital currency – more or less – follows the philosophy of the Austrian Monetary Theory.

According to it, money can be sound only when its supply is limited. It believes that money should not be controlled by the state.

These facts are missing from the reports and opinion pieces of anti-Bitcoin economists.

The Federal Reserve and central bankers believe that only they have the right to print money.

Bitcoin is only a beginning towards breaking the myth.

As long as the central banks do not innovate and protect people against currency inflation – as evident in the case of Zimbabwe and Venezuela – there is no chance they would be able to outrun crypto.

People need to trust their banks, but mainstream media and economists are avoiding a broader discussion.

The next financial crisis should bring more evidence to the theory. No rush.

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BitHouse LLC

Strenght in Numbers

BitHouse LLC is a client – focused and result driven CryptoCurrency Consulting and Mining Company that provides broad – based services at an affordable fee to our clients .

We will ensure that we work hard to meet and surpass our Clients’ expectations whenever they hire our services for Consulting or mine bitcoin.

At BitHouse LLC, our Client’s best interest always come first and foremost, and everything we do is guided by our high values and professional ethics.

Services

Cryptocurrency Consulting

General cryptocurrency advice, reviews and due diligence on tokens, blockchain projects, general investment advice and trading strategy.

Security and putting processes in place to backup your crypto.

Cryptocurrency Mining & Staking

Setup and advice on Cryptocurrency mining rigs. Mining does not just include Bitcoin, there are numerous other options to mine, including other tokens, rigs that provide processing power and storage.

Masternodes

Nodes are a great way to generate cryptocurrency, similar to mining just without the expensive hardware.

Setting up and running a node is not straight forward, we can help.

Proof of Stake / Staking Wallets

 Just like mining, storing your cryptocurrency in a wallet that is connected to the blockchain can generate you more crypto of that same token.

If you own POS coins and aren’t staking you are missing out on ROI.

Bitcoin – People’s Money

“Better a diamond with a flaw than a pebble without.”

Confucius

Diamond with a flaw

“Try not to become a man of success. Rather become a man of value.”

Albert Einstein

Man of Value

“If you don’t know what you want, you’ll never find it.

If you don’t know what you deserve, you’ll always settle for less.

You will wander aimlessly, uncomfortably numb in your comfort zone, wondering how life has ended up here.

Life starts now, live, love, laugh and let your light shine!”

Rob Liano

Let your light shine

“A person’s worth is measured by the worth of what he values.”

Marcus Aurelius, “Meditations”

Values

“Mathematics expresses values that reflect the cosmos, including orderliness, balance, harmony, logic, and abstract beauty.”

Deepak Chopra

Mathematics

“Every job from the heart is, ultimately, of equal value.

The nurse injects the syringe; the writer slides the pen; the farmer plows the dirt; the comedian draws the laughter.

Monetary income is the perfect deceiver of a man’s true worth.”

Criss Jami, “Killosophy”

Job from the Heart

“A person that does not value your time will not value your advice.”

Orrin Woodward

Value your time

“Once you embrace your value, talents and strengths, it neutralizes when others think less of you.”

Rob Liano

Embrace your Values

“Bad times have a scientific value. These are occasions a good learner would not miss.”

Ralph Waldo Emerson

Bad times

“I say no wealth is worth my life.”

Homer, “The Iliad”

Life

“But what’s worth more than gold?

Practically everything.

You, for example.

Gold is heavy.

Your weight in gold is not very much gold at all.

Aren’t you worth more than that?”

Terry Pratchett, “Making Money” 

You are worth more than gold

“Knowledge is like money: To be of value it must circulate, and in circulating it can increase in quantity and, hopefully, in value.”

Louis L’Amour, “Education of a Wandering Man”

Knowledge

“Ô, Sunlight! The most precious gold to be found on Earth.”

Roman Payne

Sunlight

“Knowledge is like money: To be of value it must circulate, and in circulating it can increase in quantity and, hopefully, in value.”

Louis L’Amour, “Education of a Wandering Man”

Knowledge

“If life — the craving for which is the very essence of our being — were possessed of any positive intrinsic value, there would be no such thing as boredom at all: mere existence would satisfy us in itself, and we should want for nothing.”

Arthur Schopenhauer, “The Vanity of Existence”

Existence

“Our sole purpose on this earth is to add value to others.

It doesn’t make sense to just exist in people’s lives or to be a drain on them, does it?”

Rob Liano

Sole purpose

“Value judgments are destructive to our proper business, which is curiosity and awareness.”

John Cage

Curiosity & Awareness

“We set no special value on the possession of a virtue until we percieve that it is entirely lacking in our adversary.”

Friedrich Nietzsche, “Human, All Too Human: A Book for Free Spirits”

Virtue

“Maybe you had to come close to losing something before you could remember its value.

Maybe we enjoy the last minute struggle as it slips through our hands.”

Suraj Sani

Struggle

“Always remember that the minority dictates the prices, and the majority governs the value.”

Naved Abdali

Minority vs. Majority

“It is impossible to say whether an asset class valuation is cheap or expensive in isolation.

The valuation of an asset is relative to the valuations of all other assets.”

Naved Abdali

Valuation of an Asset

“Market quotes change every second, but business evolves steadily.

You have ample time to evaluate a business to buy or not to buy.

There is no rush.”

Naved Abdali

Evaluate

“The number one reason people lose money in investing is because they buy assets without giving any thought whatsoever to the fair value.”

Naved Abdali

Fair Value

“If investors do not know or never attempt to know the fair value, they can pay any price.

More often, the price they pay is far greater than the actual value.”

Naved Abdali

Actual Value

“Watching every tick up and every tick down is just wasting your valuable time.

Do yourself a favor, and pick up a book or two about investing each month.”

Naved Abdali

Pick up a book

“An ounce of gold will always be an ounce of gold regardless of the length of possession.

The short-term value will go up or down, but gold prices will follow the general inflation rate in the long run.”

Naved Abdali

General Inflation Rate

“A Collectible’s value is primarily based on the emotions and the perception of potential buyers.”

Naved Abdali

Emotions & Perception