Crypto Terminology

Crypto Terminology


Glossary of Terms


Bags

Cryptoassets being held, generally as longer-term plays; sometimes used self-deprecatingly for soft or losing positions one should close, but can’t for whatever reason. “Too bad none of my alt bags saw the moon that I did today. #cryptoeclipse”

Bitcoin Maximalists

The truest believers in bitcoin’s original mission and design, often paired with a disdain for altcoins.

Block

Blocks are found in the Bitcoin block chain. Blocks connect all transactions together.

Transactions are combined into single blocks and are verified every ten minutes through mining.

Each subsequent block strengthens the verification of the previous blocks, making it impossible to double spend bitcoin transactions (see double spend below).

BIP

Bitcoin Improvement Proposal or BIP, is a technical design document providing information to the bitcoin community, or describing a new feature for bitcoin or its processes or environment which affect the Bitcoin protocol.

New features, suggestions, and design changes to the protocol should be submitted as a BIP.

The BIP author is responsible for building consensus within the community and documenting dissenting opinions.

Black Swans

A black swan is an event or occurrence that deviates beyond what is normally expected of a situation and is extremely difficult to predict.

Black swan events are typically random and unexpected.

The term was popularized by Nassim Nicholas Taleb, a finance professor, writer, and former Wall Street trader.

Block Chain

The Bitcoin block chain is a public record of all Bitcoin transactions. You might also hear the term used as a “public ledger”.

The block chain shows every single record of bitcoin transactions in order, dating back to the very first one.

The entire block chain can be downloaded and openly reviewed by anyone, or you can use a block explorer to review the block chain online.

Block Height

The block height is just the number of blocks connected together in the block chain. Height 0 for example refers to the very first block, called the “genesis block”.

Block Reward

When a block is successfully mined on the bitcoin network, there is a block reward that helps incentivize miners to secure the network.

The block reward is part of a “coinbase” transaction which may also include transaction fees.

The block rewards halves roughly every four years; see also “halving”.

BTFD | #BTFD

“Buy the Fucking Dip” Advice to other traders to pick up a coin that’s presumably hit its bottom.

“$GNT Golem making moves. Underpriced @ 7.5K If U are buying GNT under 10K still a good price 3 X LETS GO $ETH #CRYPTO #trading #BTFD”

Change

Let’s say you are spending $9.90 in your local supermarket, and you give the cashier $10.00. You will get back .10 cents in change.

The same logic applies to bitcoin transactions.

Bitcoin transactions are made up of inputs and outputs.

When you send bitcoins, you can only send them in a whole “output”.

The change is then sent back to the sender.

Cold Storage

The term cold storage is a general term for different ways of securing cryptocurrency offline (disconnected from the internet).

This would be the opposite of a hot wallet or hosted wallet, which is connected to the web for day-to-day transactions.

The purpose of using cold storage is to minimize the chances of your bitcoins being stolen from a malicious hacker and is commonly used for larger sums of bitcoins.

Cold Wallet and Hot Wallet

Cold storage is an offline wallet provided for storing cryptocurrency.

With cold storage, the digital wallet is stored on a platform that is not connected to the internet, thereby, protecting the wallet from unauthorized access, cyber hacks, and other vulnerabilities that a system connected to the internet is susceptible to.

Confirmation

A confirmation means that the bitcoin transaction has been verified by the network, through the process known as mining.

Once a transaction is confirmed, it cannot be reversed or double spent.

Transactions are included in blocks.

Cryptocurrency

Cryptocurrency is the broad name for digital currencies that use blockchain technology to work on a peer-to-peer basis.

Cryptocurrencies don’t need a bank to carry out transactions between individuals.

The nature of the blockchain means that individuals can transact with each other, even if they don’t trust each other.

The cryptocurrency network keeps track of all the transactions and ensures that no one tries to renege on a transaction.

Cryptocurrency 2.0

Also known as a decentralized app,(Dapp) a cryptocurrency 2.0 project uses the blockchain for something other than simply creating and sending money.

They typically involve decentralized versions of online services that were previously operated by a trusted third party.

Cryptography

Cryptography is used in multiple places to provide security for the Bitcoin network.

Cryptography, which is essentially mathematical and computer science algorithms used to encrypt and decrypt information, is used in bitcoin addresses, hash functions, and the block chain.

Cypherpunk

1. A person with an interest in encryption and privacy, especially one who uses encrypted email.

2. Cypherpunk, a term that appeared in Eric Hughes’ “A Cypherpunk’s Manifesto” in 1993, combines the ideas of cyberpunk, the spirit of individualism in cyberspace, with the use of strong  encryption ( ciphertext is encrypted text) to preserve privacy.

Cypherpunk advocates believe that the use of strong encryption algorithms will enable individuals to have safely private transactions.

They oppose any kind of government regulation of cryptography.

They admit the likelihood that criminals and terrorists will exploit the use of strong encryption systems, but accept the risk as the price to be paid for the individual’s right to privacy.

Dark Web

The part of the World Wide Web that is only accessible by means of special software, allowing users and website operators to remain anonymous or untraceable.

The Dark Web poses new and formidable challenges for law enforcement agencies around the world.

Decentralized

Having a decentralized bitcoin network is a critical aspect.

The network is “decentralized”, meaning that it’s void of a centralized company or entity that governs the network.

Bitcoin is a peer-to-peer protocol, where all users within the network work and communicate directly with each other, instead of having their funds handled by a middleman, such as a bank or credit card company.

Difficulty

Difficulty is directly related to Bitcoin mining (see mining below), and how hard it is to verify blocks in the Bitcoin network.

Bitcoin adjusts the mining difficulty of verifying blocks every 2016 blocks.

Difficulty is automatically adjusted to keep block verification times at ten minutes.

Dogecoin

Dogecoin is an altcoin that first started as a joke in late 2013. Dogecoin, which features a Japanese fighting dog as its mascot, gained a broad international following and quickly grew to have a multi-million dollar market capitalization.

Double Spend

If someone tries to send a bitcoin transaction to two different recipients at the same time, this is double spending. Once a bitcoin transaction is confirmed, it makes it nearly impossible to double spend it. The more confirmations that a transaction has, the harder it is to double spend the bitcoins.

DYOR | #DYOR

“Do Your Own Research.” The trader’s caveat that advice shouldn’t be taken at face value.

“$BCY has an appealing risk/reward here. Could take a few months to play out, however, and will require patience. #DYOR”

Exit Scam

Traditionally a term for darknet markets and vendors that, after building up a good reputation, accumulate bitcoins and disappear; exit scams are also feared by ICO participants who worry that, once they’ve raised hundreds of millions in hard-to-trace money, the developers will take the money and run.

Fiat

Government-issued money.

Full Node

A full node is when you download the entire block chain using a bitcoin client, and you relay, validate, and secure the data within the block chain.

The data is bitcoin transactions and blocks, which is validated across the entire network of users.

FOMO | #FOMO

“Fear of Missing Out.” When a coin starts to moon, dumb money rushes in. “$LGD on a TEAR right now!!! It has major highs right now! Some major #FOMO going on!!! Sell while it’s high. It WILL drop before fight!!!”

FUD

“Fear, Uncertainty, and Doubt.”

Another non-crypto term that describes attempts to scare weak-handed coin-holders into selling their positions, often with rumors of exit scams or hacks; the cheap, dumped coins are then picked up by the FUD-ers.

Fungibility

Fungibility is a good or asset’s interchangeability with other individual goods or assets of the same type.

Assets possessing this fungibility property simplify the exchange and trade processes, as interchangeability assumes everyone values all goods of that class the same.

HODL

HOLD ON FOR DEAR LIFE!

The intentionally misspelled word hodl has its roots in a December 2013 post on the Bitcoin Talk forum, “I AM HODLING”; when the author, GameKyuubi, couldn’t be bothered to fix his typo, the community instantly turned it into a verb: to hodl.


Along with other terms, hodl is an effective litmus test for sussing out newcomers, carpetbaggers, and tourists.

Halving

Bitcoins have a finite supply, which makes them scarce.

The total amount that will ever be issued is 21 million.

The number of bitcoins generated per block is decreased 50% every 210,000 blocks,roughtly four years.

This is called “halving.”

The final halving will take place in the year 2140.

Hash

A cryptographic hash is a mathematical function that takes a file and produces a relative shortcode that can be used to identify that file.

A hash has a couple of key properties:

• It is unique. 

Only a particular file can produce a particular hash, and two different files will never produce the same hash.

It cannot be reversed.

You can’t work out what a file was by looking at its hash.

Hashing is used to prove that a set of data has not been tampered with.

It is what makes bitcoin mining possible.

Hash Rate

The hash rate is how the Bitcoin mining network processing power is measured.

In order for miners to confirm transactions and secure the block chain, the hardware they use must perform intensive computational operations which is output in hashes per second.

Hash Converter

Use an online hash converter, such as https://hash.online-convert.com and enter the text you want to convert.

Then, try changing just a letter in the input text to see how the resulting hash varies significantly

Hard Fork

A hard fork is when a single cryptocurrency splits in two.

It occurs when a cryptocurrency’s existing code is changed, resulting in both an old and new version.

Meanwhile a soft fork is essentially the same thing, but the idea is that only one blockchain (and thus one coin) will remain valid as users adopt the update.

So both fork types create a split, but a hard fork is meant to create two blockchain/coins and a soft fork is meant to result in one.

Segwit was a soft fork, Bitcoin Cash, Bitcoin Gold, and Segwit2x are all hard forks.

Immutability

In object-oriented and functional programming, an immutable object (unchangeable object) is an object whose state cannot be modified after it is created.

This is in contrast to a mutable object (changeable object), which can be modified after it is created.

Lambo | #Lambo

A running joke among traders, you’re cryptorich when you can buy a Lamborghini; though absurd, it’s not unheard of — when Alexandre Cazes, the suspected founder of a major darknet marketplace, was found hanged in his Bangkok jail cell, Thai media reported that he owned four Lamborghinis.

Mining

Bitcoin mining is the process of using computer hardware to do mathematical calculations for the Bitcoin network in order to confirm transactions.

Miners collect transaction fees for the transactions they confirm and are awarded bitcoins for each block they verify.

Moon | #Moon

A rapid price increase.

Peer-to-Peer

Typically, online applications are provided by a central party that organizes all the transactions.

Your bank runs its own computers, and all the customers log into the bank’s computer to handle their transactions.

If Bob wants to send money to Alice, he asks the bank to do it, and the bank controls everything.

In a peer-to-peer arrangement, technology cuts out the middleman, meaning that people deal directly with each other.

Bob would send the money directly to Alice, and there wouldn’t be any bank involved at all.

Pool

As part of bitcoin mining, mining “pools” are a network of miners that work together to mine a block, then split the block reward among the pool miners.

Mining pools are a good way for miners to combine their resources to increase the probability of mining a block, and also contribute to the overall health and decentralization of the bitcoin network.

Private Key

A private key is a string of data that shows you have access to bitcoins in a specific wallet.

Think of a private key like a password; private keys must never be revealed to anyone but you, as they allow you to spend the bitcoins from your bitcoin wallet through a cryptographic signature.

Proof of Work

Proof of work refers to the hash of a block header (blocks of bitcoin transactions).

A block is considered valid only if its hash is lower than the current target.

Each block refers to a previous block adding to previous proofs of work, which forms a chain of blocks, known as a block chain.

Once a chain is formed, it confirms all previous Bitcoin transactions and secures the network.

Pump

A rapid price increase believed to be the result of market manipulation, a.k.a. pump and dump.

Public Address

A public bitcoin address is cryptographic hash of a public key.

A public address typically starts with the number “1.”

Think of a public address like an email address.

It can be published anywhere and bitcoins can be sent to it, just like an email can be sent to an email address.

Private Key

A private key is a string of data that shows you have access to bitcoins in a specific wallet.

Think of a private key like a password; private keys must never be revealed to anyone but you, as they allow you to spend the bitcoins from your bitcoin wallet through a cryptographic signature.

Rekt | #Rekt

Meaning “wrecked”.

“I never sell because of #FUD, and I never buy because of #FOMO.

That’s the easiest way to get #Rekt

Sats

Satoshis, currently the smallest unit of a single bitcoin, useful for tracking coin prices. “At the rate $XRP’s moving, I wouldn’t be surprised if it hits 10K sats by the end of the day.”

Security Tokens

A security token (sometimes called an authentication token) is a small hardware device that the owner carries to authorize access to a network service.

The device may be in the form of a smart card or may be embedded in a commonly used object such as a key fob.

Shitcoins

Pejorative term for altcoins, especially low-cap coins, often affectionately used by shitcoin hodlers.

SEGWIT

SegWit is the process by which the block size limit on a blockchain is increased by removing signature data from Bitcoin transactions.

When certain parts of a transaction are removed, this frees up space or capacity to add more transactions to the chain.

Transaction

A transaction is when data is sent to and from one bitcoin address to another.

Just like financial transactions where you send money from one person to another, in bitcoin you do the same thing by sending data (bitcoins) to each other.

Bitcoins have value because it’s based on the properties of mathematics, rather than relying on physical properties (like gold and silver) or trust in central authorities, like fiat currencies.

Wallet

Just like with paper dollars you hold in your physical wallet, a bitcoin wallet is a digital wallet where you can store, send, and receive bitcoins securely.

There are many varieties of wallets available, whether you’re looking for a web or mobile solution.

Ideally, a bitcoin wallet will give you access to your public and private keys.

This means that only you have rightful access to spend these bitcoins, whenever you choose to.

Whale

Anyone who owns 5 percent of any given coin, often used as a boogeyman to explain unwanted price movements.

“Nice support $NEO. Clear whale manipulation.”


Blue Pill vs. Red Pill
Choose wisely

When You’re ready …

Made with 💚 by Free Spirit

✌ & 💚



BitHouse with 💚


Happy 13th BirthDay bitcoin

bitcoin – People’s Money

Brief history of Bitcoin

On January 3rd, 2009 Satoshi Nakamoto published the Genesis Block with the first 50 Bitcoins on Sourceforge. He also left a message on the blockchain at the time, quoting the headline in the British newspaper Times:

On January 3, 2009, the minister was on the verge of bailing out the banks.

Nakamoto started writing the white paper in 2008 and published it in October of that year.

The concept of a decentralized, anonymous, trusted currency emerged after the 2008 financial crisis, which left responsibility for the banks.

Satoshi neither supports the modern banking system nor does he like partial reserve banks.

A partial reserve bank is a bank that takes deposits and issues loans or investments, but only has to reserve a fraction of its liabilities for deposits. Basically, the bank is using money that it doesn’t own.

Satoshi wants to get rid of banks and seedy middlemen whom he believes are corrupt and unreliable. As such, he created a more community-centric digital currency.

13 years later, Bitcoin is still going strong with a market cap of nearly $ 900 billion. It is currently held by billionaires, banks, celebrities, governments, and corporations. This is evidence of how far BTC has come in its brief existence.

The precarious banking situation and economic uncertainty are also in crisis again.

The price of Bitcoin on its birthday 🎂

13 years: $ 47,310
12 years: $ 33,400
11 years: $ 7,319
10 years: $ 3,783
9 years: $ 14,764
8 years: $ 1,084
7 years: $ 432
6 years: $ 275
5 years: $ 816
4 years: $ 13
3 years: $ 5
2 years: $ 0.29
1 year: $ 0.05


Happpy Birthday bitcoin !!!

Thanks for all the teachings and wealth of Knowledge I do now have thanks to you !!!


Made with 💚 by Free Spirit

✌ & 💚


Happy Holidays

With 💚 from Free Spirit

AltCoin Stores

ALT Coin Stores and Services List

This page is to promote actual stores and people who sell services for ALTcoins.

What is most important, is to spread the word and make people aware of the widespread adoption of the cryptocurrencies all around the globe and in all layers of life !!!

*Not Updated… Work in Progress...

Stores selling goods NexWave – http://www.nexwave.ca

Coin payments processed Coaex – Buy custom gold bars, gold bullion, silver and jewelry – http://www.coaex.com/ – BTC, LTC, DOGE, BC, NOBL, FTC   

CoinCable Mining Supplies    – https://coincable.com    – BTC, LTC, PPC, NVC, XPM, YAC, PayPal

Crypto Coin Wallet Cards    – http://www.cryptocoinwalletcards.com    – LTC

Register domain using Bitcoin and Litecoin    – http://www.lovingdomains.com    – BTC, LTC, NMC, PPC, NVC

Pay hosting with Bitcoin and Litecoin    – http://www.lovinghosting.com    – BTC, LTC, NMC, PPC,

NVC Amazonia Imports    – http://btcpipeshop.com    – 42, ANC, BTC, BC, BQC, CAT, CGB, DGC, DMD, DOGE, DVC, FRC, FRK, FST, FTC, GLD, LTC, MAX, MZC, MEC, NET, NMC, NVC, NXT, PPC, QRK, RED, SBC, SPT, STR, SXC, TRC, UNO, WDC, XPM, & ZET

WROL.INFO – Survival Supplies    – http://wrol.info    – BTC, LTC, FTC, NMC, NVC, TRC, XPM, KGC, RED, ORB, BQC, CGB, DVC, CAP, DGC, GLD, YAC, QRK, ZET

NewsBam Usenet Services    – http://www.newsbam.com    – BTC, LTC, STR, FTC, NMC, PPC, NVC, WDC, TRC, XPM, IFC, KGC, RED, ORB, BQC, CGB, DVC, CAP, DGC, GLD, YAC,

SXC Cryptobooks – Buy eBooks with with cryptocurrency    – http://www.cryptobooks.com    – BTC, LTC, FTC, PPC, DVC, SXC

Bitezze – Buy precious metals with cryptocurrency    – http://bitezze.com    – BTC, LTC, STR, FTC, NMC, PPC, NVC, WDC, TRC, XPM, IFC, KGC, RED, BQC, CGB, DVC, CAP, DGC, GLD, YAC, SXC, ADT, MEC, ANC, ZET, NET, PayPal Passthru

CryptoDirect    – http://www.cryptodirect.cf    – BTC, LTC, FTC, PPC, NVC, WDC, XPM, IFC, DGC, ANC, QRK, ZET, NET, FRC

Cheap Miners – Cheap ASIC miners and accessories    – http://www.cheapminers.com    – BTC, LTC, XPM

Dahms Weinversand – German Wine Home Delivery    – http://www.dahms-weinversand.de   

4:19 Store    – http://www.419store.com    Crypto Game Keys    – http://www.cryptogamekeys.com    – BTC, LTC, NMC, PPC, NVC, WDC, XPM, IFC, KGC, RED, ORB, BQC, CGB, DVC, CAP, DGC, GLD, SXC, ADT, MEC, QRK, ZET, NET, FRK, COL, SBC

VPS City    – http://www.vps-city.com    – LTC, PayPal Passthru

Thermostats, actuators and controllers    – http://www.thermostatenshop.nl    – BTC

Electric heating appliances    – http://www.budgetheat.eu    – BTC

Romer and 2HEAT far infrared panels    – http://www.infraroodpanelen.eu    – BTC

Outdoor- and ramp heating    – http://www.opritverwarmingen.eu    – BTC

Ceramic heating elements    – http://www.keraheat.com    – BTC Distinguished

Imports    – https://distinguishedimports.com    – BTC, LTC, PPC

GameCardVN    – http://gamecardsvn.com   

Verbena Products – Family owned online store specializing in bringing our customers high end Health and Beauty products at very competitive prices.    – https://www.verbenaproducts.com    – BTC, LTC, PPC

Cryptocoin Stuff!    – http://www.cryptocoinstuff.com    – BTC, LTC, FTC, NMC, PPC, NVC, WDC, TRC, XPM, IFC, KGC, RED, ORB, BQC, CGB, DVC, CAP, DGC, GLD, YAC, SXC, ADT, MEC, ANC, QRK, ZET, NET, FRK, COL, SBC, FRC

Retro Towers    – http://www.retrotowers.co.uk    – BTC, LTC, FTC, NMC, PPC, NVC, WDC, TRC, XPM, IFC, KGC, RED, ORB, BQC, CGB, DVC, CAP, DGC, GLD, YAC, ADT, MEC, ANC, QRK, ZET, NET, FRK, COL, SBC, FRC

VPS4ME    – http://vps4.me    – BTC, LTC, FTC, NMC, NVC, WDC, TRC, XPM, IFC, KGC, RED, BQC, CGB, DVC, CAP, DGC, GLD, YAC, SXC, ADT, MEC, ANC, QRK, ZET, NET, FRK

HostClub    – http://hostclub.me

WaterIdo – Healthy Water Revitalizer    – http://waterido.com    – BTC, LTC, FTC, NMC, PPC, NVC, WDC, TRC, XPM, IFC, KGC, RED, BQC, CGB, DVC, CAP, DGC, GLD, YAC, ADT, MEC, ANC, QRK, ZET, NET, FRK, COL   

Sarasota Slot Machines    – http://sarasotaslotmachines.com    – BTC, LTC, IFC, MEC, PayPal Passthru

GRKreations Direct    – http://grkreationsdirect.com    – BTC, LTC, FTC, NMC, PPC, NVC, WDC, TRC, XPM, IFC, KGC, RED, BQC, CGB, DVC, CAP, DGC, GLD, YAC, SXC, ADT, MEC, ANC, QRK, ZET, NET, FRK, COL, SBC, FRC, PayPal Passthru

Mining Hardware    – http://www.mininghardware.co.uk    – BTC, LTC

DuinoBits – Arduino kits (UK & Europe)    http://www.duinobits.com    – BTC, LTC

Johnsbay Flooring Co. – Flooring Material including Carpeting, Wood flooring, Laminate, Tiles.    – http://www.johnsbay.com    – BTC

Hash Rate Store    – https://www.hashratestore.com    – BTC, LTC

Coin Gas – Steam game codes for alt coins    – http://www.coingas.com    – BTC, CAP, DGC, FTC, GIL, LTC, NVC, PPC, WDC, CGB

sauce4coins    – http://sauce4coins.com    – BQC, BTC, LTC, BTB, CGB, FTC, CAP, VNC, DGC, XPM (and others if you email them)

BottleCaps Store – Itunes cards and World of tanks tokens    – http://bottlecapstore.weebly.com    – CAP’s and LTC – Canadian Orders for Itunes only

cryptosextoys    – http://www.cryptosextoys.com    – BTC, CAP, DGC, FTC, LTC, NVC, PPC, CGB, SXC

dailybit – Daily special something new everyday – http://dailybit.net    – BTC, LTC, XPM, FTC,CAP, IFC, WDC, NVC, NMC, TRC, KGC, PPC, RED, STR, WDC, Peercoins and Paypal

REDCOINSHOP – Herbal pills remedies    – http://REDCOINSHOP.com    – RED

pythonpills- Male enhancement pill    – http://pythonpills.com/red    – RED

bitcoinprbuzz – Press Release services for crypto projects – Copy Writing and content creation – Business consulting    – http://bitcoinprbuzz.com    – BTC, DVC,BTC, CGB, LTC and FST

finite by design – Coins, Pendants etc    – http://www.finitebydesign.com    – CGB

cryptothrift – Online Thrift Shop    – https://cryptothrift.com    – BTC, LTC

Litehosting- Web Hosting    – http://Litehosting.org    – BTC, LTC, NMC, XPM

ltcasics – All kinds of gift cards    – http://ltcasics.com    – LTC AltcoinTIP    – http://reddit.com/r/ALTcointip    – BTC, LTC, PPC, NMC, FTC, and XPM

DirectVoltage – alternative energy retailer    – http://DirectVoltage.com    – BTC, LTC, FTC, PPC

Sex Stories    – http://erotica4sxc.tk/about-2    – SXC

Porn Database    – http://www.porndatabase.co.uk    – SXC

3D Porn    – http://www.lynortis.com/alt-coins.php    – SXC

coinaxis    – https://coinaxis.com/    – LTC

dvc4giftcards – Giftcards    – http://dvc4giftcards.us    – DEV

Bitcora – Bitcoin templates and themes – https://bitorca.com   

Epawnatl- Pawn Shop    – http://Epawnatl.com    – FRK, BTC

Etsyshop    – http://www.etsy.com/shop/InnovoDesign    – DOGE, IFC, COL,LTC

Open Source Solutions    – http://www.iquidus.co.nz    – BTC, MEC, LTC, Earthcoins

LEALANA PHYSICAL LITECOINS…and BITCOINS – http://www.lealana.com – LTC

Evonym – http://evonym.us/ -BTC, LTC, TRC, PPC.

Minecraft Server – https://alt-co.in/minecraft/ – GME

Sexslam – http://sexslam.com – RED

All Things Luxury – http://www.allthingsluxury.biz/ – BTC, LTC

7 Pay In – Pay for mobile and ISP services/ecash/WoT/Steam/whatever – https://7pay.in/ – BTC, LTC, CL and NVC

CryptFolio – CryptFolio lets you keep track of your cryptocurrencies – http://CryptFolio.com – BTC, LTC

Bananalizard.com – Video game store – http://bananalizard.com – BTC, LTC, CGB, XPM, paypal

Tagbond.com – Merchant site hosting – http://tagbond.com – BTC, TAG

Cleverpuffin – Web Hosting – http://www.cleverpuffin.com – LTC

Bitroad – Electronics from China including tablet, phones, surveillance, security and gadgets delivered worldwide in 3-6 days (express). – http://bitroad.co.uk/ – BTC, LTC

Get More Customers – San Francisco Marketing/SEO Company – http://get-more-customers.com and http://sanfranciscoseoagency.com/cryptocurrency/ – EAC

BitCoinPINS!! – http://www.bitcoinpins.com/ – EAC

Polish SEO company – http://dodawanie.com/ – EAC

FlightSchool! Commercial pilot and flying instructor – http://www.paul-bradley.com – EAC ribbit.me – http://ribbit.me https://coinpayments.net/

Tagbond.com https://bitcointalk.org/index.php?topic=317408

This is a list of services and games that support LottoCoin (LOT): Services:

CyberSticker service: http://www.cryptostickers.com/

Reload Creative (app/web development service): http://reloadcreative.com.au/

Advertising pixels http://www.qugetser.com/lot-map

SEO Service http://sanfranciscoseoagency.com/cryptocurrency/

Games: CoinBomb: http://coinbomb.biz/lottocoin/

Lotto Game: http://lottocoin.org/lottogame/

Another Lotto Game: http://www.keezi.com/lotto/index.php

Lotto Dice Game: http://www.lottodice.tk/

Here is a list of shops/services/games that accept EarthCoin Iquidus Technology –

Open Source Solutions – 

http://www.iquidus.co.nz/

Get More Customers – San Francisco Marketing/SEO Company – http://get-more-customers.com

http://sanfranciscoseoagency.com/cryptocurrency/

BitCoinPINS!! http://www.bitcoinpins.com/

Polish SEO company http://dodawanie.com/

FlightSchool! Commercial pilot and flying instructor http://www.paul-bradley.com

Beautiful EarthCoin Paper Wallet Generator http://earthaddress.org/

EarthCoin Gaia Game http://gaia.l8.lv/

Logo Design http://logodynamic.blogspot.ca/p/sold-logos.html

Dice Game http://earthdice.tk/

LixNez Games http://www.lixnez.com/eacgames.html

EarthRoll Game http://earthroll.l8.lv/

Kissmyweb.com – We Build Websites – Simple! http://www.kissmyweb.com BTC and DVC accepted

http://scryptstore.com Gold & Silver – Paypal direct deposits and gift cards

Healthiverse – http://healthiverse.net

TuffWraps – Athletic Wrist Wraps   – http://tuffwraps.com

Crypto Alley – The Online Digital Currency Marketplace – http://www.cryptoalley.com

Cryptmint – Precious Metal Bitcoin Wallets & Physical Coins – http://www.cryptmint.com/

Devcoin Store – http://devcoinstore.com

Crypto Store – http://cryptostore.io

Armonie Sonore – http://www.armoniesonore.com

StickerzLab – http://www.stickerzlab.com   

Trade4Bitcoin – Comics and Collectibles   http://www.trade4bitcoin.com

Scryptcoin Store – http://www.scryptstore.com 

Fine Art Source – http://out-of-court-settlement.com

NitroBacku – http://www.nitrobackup.com

Cardz4Cash – Gift, Prepaid, Game, and VoIP Cards + more – http://cardz4cash.com

Vapeur Canada – http://www.vapeurcanada.com

DOGMA Portraits – http://dogmaportraits.com

Heat4Feet – http://www.heat4feet.net

BitcoinMetals – http://www.bitcoinmetals.us

DDoS Cover – http://ddoscover.com

Doge Host – http://dogehost.co.uk

Bit Electronics – http://bitelectronics.net/

http://quickbomb.com   RED https://dicenow.com

PXL COIN – http://www.pxlcoin.com/

Here is a list of sites that accept QRK:

http://www.petscoin.com/ – Animal/Pet store, Donations to Shelters

http://www.51attack.com/ – T-Shirt makers that currently accept 31 cryptocurrencies

http://www.chasinho.org/shop/ – Tea shop in Berlin

http://www.keepitwooden.com – Custom Wooden Shot Glasses (Accepts Coinpayments)

http://www.appsforcoins.com/?currency=QRK – Apple iOS Apps

143VPN – http://143vpn.com

SimRai Game Servers – http://www.simrai.com

CryptoHosted.com – http://cryptohosted.com

The Staking Machine – TSM – http://www.thestakingmachine.com

Vox – http://www.vox-game.com/buy-with-crypto-coins/

Upchurch Design – http://upchur.ch

BTC Headshop – http://btcheadshop.com

Bitcoin Sportscards – http://bitcoinsportscards.com

ThanksBitcoin.com – http://www.thanksbitcoin.com

Those shops/services accept payment using Graincoin (GRA), many of which through CoinPayments that support Graincoin:

Wood Shot Glass http://woodshotglass.com/

Tuff Wraps http://tuffwraps.com/

Computer hardware and consumer electronics   http://brownboxtech.net

WaterIdo – Healthy Water Revitalizer http://waterido.com

Xbox Gold 48 Hour Codes – 2 for $1 http://xbox48.bugs3.com

Iquidus Technology – OpenSource Software, Hi-Performance Hardware http://www.iquidus.co.nz/

Retro Towers – Gaming Hardware http://www.retrotowers.co.uk/

Stickerz Lab – French Sticker Decorations http://stickerzlab.com/

Pixcoin – Stickers for Crypto Coins http://pixcoin.com/

Crypto GameKeys – Buy CD Keys, PSN cards, PS3/4/Vita games http://www.cryptogamekeys.com ThanksBitcoin – a Bitcoin shop http://www.thanksbitcoin.com

Advertise Service http://cryptotiler.com/

Graincoin main thread at: https://bitcointalk.org/index.php?topic=361503.0

143VPN – http://143vpn.com

SimRai Game Servers – http://www.simrai.com

CryptoHosted.com – http://cryptohosted.com

The Staking Machine – TSM – http://www.thestakingmachine.com

Vox – http://www.vox-game.com/buy-with-crypto-coins/

Upchurch Design – http://upchur.ch

BTC Headshop – http://btcheadshop.com

Bitcoin Sportscards – http://bitcoinsportscards.com

ThanksBitcoin.com – http://www.thanksbitcoin.com

Wood Shot Glass : http://woodshotglass.com/

Tuff Wraps http://tuffwraps.com/

Computer hardware and consumer electronics   http://brownboxtech.net

WaterIdo – Healthy Water Revitalizer http://waterido.com

Xbox Gold 48 Hour Codes – 2 for $1 http://xbox48.bugs3.com

Iquidus Technology – OpenSource Software, Hi-Performance Hardware http://www.iquidus.co.nz/

Retro Towers – Gaming Hardware http://www.retrotowers.co.uk/

Stickerz Lab – French Sticker Decorations http://stickerzlab.com/

Pixcoin – Stickers for Crypto Coins http://pixcoin.com/

Crypto GameKeys – Buy CD Keys, PSN cards, PS3/4/Vita games http://www.cryptogamekeys.com ThanksBitcoin – a Bitcoin shop http://www.thanksbitcoin.com

Advertise Service http://cryptotiler.com/

Gamble with Altcoins http://www.coincasino.cc – Casino that takes many coins

http://www.litecointogox.com – Bet on LTC when it comes to GOX or coinbase – BTC, LTC, FTC,IFC ,KGC, NMC, NVC, WDC, XPM, STR, RED, TRC, Peercoin

http://cryptoblackjack.kicks-ass.net – BlackJack style game – GME, DBL, MNC, LKY, WDC, DGC, BQC, PXC, PPC, GLD, MEM, DMD, EZC, FRK, CAP, IFC, KGC, CSC, CGB, HBN

http://alt-co.in/slots.php – A Slot machine – FTC, WDC, DGC, CHN, LTC, BBQ, GMC

http://REDCOINCASINO.com – Various unique gambling games – RED

http://redcoinlotto.com – Lotto – RED

http://coinjack.com/ – BlackJack – RED

http://lotto.coinworld.us/ – Multiple coin lotteries – DGC, FLC, RED, MEC, EMD, ALF, CAP, CGB, IFC, ARG, LTC, CRC

http://litecoinkamikaze.com – LTC

http://fckamikaze.com – FTC

http://minikaze.com – MNC

http://bit-loot.com – LTC

http://www.litecoinlottery.com/ – LTC

http://rapidballs.eu   – 5 Minute Lotto site – WDC, XPM, TIX, DVC

http://litecoinkamikaze.com – LTC

http://fckamikaze.com – FTC

http://minikaze.com – MNC

Provably fair Litecoin Roulette – http://www.l8.lv/ – Single Zero European Style Litecoin Roulette.

Provably Fair! DogeCoin Provably fair DogeCoin Roulette – http://dogespin.l8.lv/

Single Zero European Style Dogecoin Roulette. Provably Fair! BlackJack style game http://cryptoblackjack.kicks-ass.net/

A Slot machine http://alt-co.in/slots.php

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Bitcoin (BTC) :

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LiteCoin(LTC) :

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Ethereum(ETH) :

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EthereumClassic(ETC) :

0x602e8Ca3984943cef57850BBD58b5D0A6677D856


Cardano(ADA) :

addr1q88c5cccnrqy6xesszzvf7rd4tcz87klt0m0h6uvltywqe8txwmsrrqdnpq27594tyn9vz59zv0n8367lvyc2atvrzvqlvdm9d


BinanceCoin(BNB) :

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BitcoinCash (BCH)

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Bitcoin SV (BSV)

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ZCash(ZEC) :

t1fSSQX4gEhove9ngcvFafQaMPq5dtNNsNF


Dash(DASH) :

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Shiba(SHIB) :

0x602e8Ca3984943cef57850BBD58b5D0A6677D856


Tron(TRX) :

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Stellar(XLM) :

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Satoshi Nakamoto Quotes

“ It might make sense just to get some in case it catches on.

If enough people think the same way, that becomes a self fulfilling prophecy.

Once it gets bootstrapped, there are so many appli­ca­tions if you could effort­lessly pay a few cents to a website as easily as dropping coins in a vending machine. ”

Get some in case it catches on

“ In this sense, it’s more typical of a precious metal.

Instead of the supply changing to keep the value the same, the supply is prede­ter­mined and the value changes.

As the number of users grows, the value per coin increases.

It has the poten­tial for a positive feedback loop; as users increase, the value goes up, which could attract more users to take advan­tage of the increasing value. ”

Potential for a positive feedback loop

“ Maybe it could get an initial value circu­larly as you’ve suggested, by people foreseeing its poten­tial useful­ness for exchange. (I would definitely want some)

Maybe collec­tors, any random reason could spark it.

I think the tradi­tional quali­fi­ca­tions for money were written with the assump­tion that there are so many competing objects in the world that are scarce, an object with the automatic bootstrap of intrinsic value will surely win out over those without intrinsic value.

But if there were nothing in the world with intrinsic value that could be used as money, only scarce but no intrinsic value, I think people would still take up something. (I’m using the word scarce here to only mean limited poten­tial supply) ”

“ A rational market price for something that is expected to increase in value will already reflect the present value of the expected future increases. “

Rational market price

In your head, you do a proba­bility estimate balancing the odds that it keeps increasing. ”

Probability

“ I’m sure that in 20 years there will either be very large trans­ac­tion volume or no volume. ”

In 20 Years

“ Bitcoins have no dividend or poten­tial future dividend, there­fore not like a stock.

More like a collectible or commodity.“

Collectible vs Commodity

” [Lengthy exposition of vulnerability of a systm to use-of-force monopolies ellided.]

You will not find a solution to political problems in cryptography.

Yes, but we can win a major battle in the arms race and gain a new territory of freedom for several years.

Governments are good at cutting off the heads of a centrally controlled networks like Napster, but pure P2P networks like Gnutella and Tor seem to be holding their own. “

Pure P2P networks

” It’s very attractive to the libertarian viewpoint if we can explain it properly.

I’m better with code than with words though. “

Libertarian Viewpoint

” The proof-of-work is a Hashcash style SHA-256 collision finding.

It’s a memoryless process where you do millions of hashes a second, with a small chance of finding one each time.

The 3 or 4 fastest nodes’ dominance would only be proportional to their share of the total CPU power.

Anyone’s chance of finding a solution at any time is proportional to their CPU power.

There will be transaction fees, so nodes will have an incentive to receive and include all the transactions they can.

Nodes will eventually be compensated by transaction fees alone when the total coins created hits the pre-determined ceiling. “

Transactions Fees

” Right, it’s ECC digital signatures.

A new key pair is used for eveey transaction.

It’s not pseudonymous in the sense of nyms identifying people, but it is at least a little pseudonymous in that the next action on a coin can be identified as being from the owner of that coin.”

Pseudonymous

Bitcoin is a new electronic cash system that uses a peer-to-peer
network to prevent double-spending.

It’s completely decentralized
with no server or central authority

New electronic cash system

Total circulation will be 21,000,000 coins.

It’ll be distributed to network nodes when they make blocks, with the amount cut in half every 4 years

first 4 years: 10,500,000 coins

next 4 years: 5,250,000 coins

next 4 years: 2,625,000 coins

next 4 years: 1,312,500 coins
etc…

When that runs out, the system can support transaction fees if needed.

It’s based on open market competition, and there will probably always be nodes willing to process transactions for free.

Open Market Competition

” I would be surprised if 10 years from now we’re not using electronic currency in some way, now that we know a way to do it that won’t inevitably get dumbed down when the trusted third party gets cold feet.

It could get started in a narrow niche like reward points, donation tokens, currency for a game or micropayments for adult sites.

Initially it can be used in proof-of-work applications for services that could almost be free but not quite.

POW applications

It can already be used for pay-to-send e-mail.

The send dialog is resizeable and you can enter as long of a message as you like.

It’s sent directly when it connects.

The recipient doubleclicks on the transaction to see the full message.

If someone famous is getting more e-mail than they can read, but would still like to have a way for fans to contact them, they could set up Bitcoin and give out the IP address on their website. “

Pay-to-Send Email

“Send X bitcoins to my priority hotline at this IP and I’ll read the message personally.”

Send bitcoin

You can securely control neither your land nor your digitally centralized financial assets without the help of government. Thus the locality & importance of legal ownership in these things. You can securely control your globally seamless Bitcoin without the help of government.

Nick Szabo

From the People For the People !!! Be your Own Bank !!! REVOLUTIONARY IMMUTABLE PUBLIC COLLABORATIVE OPEN RESISTANT DECENTRALIZED

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Did you find this article helpful?

If so, please consider a donation to help the evolution and development of more helpful articles in the future, and show your support for alternative articles.

Your generosity is 💚 ly appreciated

You can donate in any crypto your 💚 desires 😊

Thank you all for your time !!!

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Bitcoin (BTC) :

1P1tTNFGRZabK65RhqQxVmcMDHQeRX9dJJ


LiteCoin(LTC) :

LYAdiSpsTJ36EWCJ5HF9EGy9iWGCwoLhed


Ethereum(ETH) :

0x602e8Ca3984943cef57850BBD58b5D0A6677D856


EthereumClassic(ETC) :

0x602e8Ca3984943cef57850BBD58b5D0A6677D856


Cardano(ADA) :

addr1q88c5cccnrqy6xesszzvf7rd4tcz87klt0m0h6uvltywqe8txwmsrrqdnpq27594tyn9vz59zv0n8367lvyc2atvrzvqlvdm9d


BinanceCoin(BNB) :

bnb1wwfnkzs34knsrv2g026t458l0mwp5a3tykeylx


BitcoinCash (BCH)

1P1tTNFGRZabK65RhqQxVmcMDHQeRX9dJJ


Bitcoin SV (BSV)

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ZCash(ZEC) :

t1fSSQX4gEhove9ngcvFafQaMPq5dtNNsNF


Dash(DASH) :

XcWmbFw1VmxEPxvF9CWdjzKXwPyDTrbMwj


Shiba(SHIB) :

0x602e8Ca3984943cef57850BBD58b5D0A6677D856


Tron(TRX) :

TCsJJkqt9xk1QZWQ8HqZHnqexR15TEowk8


Stellar(XLM) :

GBL4UKPHP2SXZ6Y3PRF3VRI5TLBL6XFUABZCZC7S7KWNSBKCIBGQ2Y54

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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Arise…

Timothy C. May

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

Timothy C. May

Wonder In Peace bright mind!

Thanks for the guidance and wisdom!

The world will never know how much they owe you!

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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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