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Attack on this site
Forum: General discussion
Last Post: Carsten
2020-10-30, 01:58 PM
» Replies: 0
» Views: 1,235
Forum: Bitcoin and Altcoin
Last Post: Carsten
2020-06-24, 05:14 PM
» Replies: 10
» Views: 7,393
Satoshi ALIVE??????
Forum: Bitcoin and Altcoin
Last Post: Carsten
2020-06-24, 05:11 PM
» Replies: 6
» Views: 4,551
You know who is the Riche...
Forum: General discussion
Last Post: Carsten
2020-06-23, 09:06 PM
» Replies: 5
» Views: 3,631
Back... from death (almos...
Forum: General discussion
Last Post: Jacob
2020-06-23, 05:50 PM
» Replies: 3
» Views: 2,297
Some Ripple insights
Forum: Bitcoin and Altcoin
Last Post: Hexxler
2020-06-06, 07:00 PM
» Replies: 164
» Views: 106,428
Cardano keeps going!
Forum: Bitcoin and Altcoin
Last Post: Carsten
2020-05-31, 11:43 AM
» Replies: 0
» Views: 1,364
Crypto Traders Are Longin...
Forum: Bitcoin and Altcoin
Last Post: Junior
2020-05-20, 07:00 AM
» Replies: 1
» Views: 1,875
MinexCoin is now very che...
Forum: Bitcoin and Altcoin
Last Post: Carsten
2020-05-15, 06:20 PM
» Replies: 5
» Views: 3,101
Price of ETH has outperfo...
Forum: Bitcoin and Altcoin
Last Post: Carsten
2020-05-12, 03:17 PM
» Replies: 2
» Views: 2,498

  Denmark is shutdown and borders is closed! #covid-19
Posted by: Carsten - 2020-03-14, 12:57 AM - Forum: Uncategorized - Replies (2)

The Danish government has just closed the borders. Every worker in the public sector has been sent home unless you work with important services like healthcare, police etc. Schools, high schools and universities are shutdown!

You can NOT travel to Denmark now and we can NOT travel out of Denmark. It's a state of martial law almost. 

It's crazy here like I guess it is every where else in Europe. Anyway our government has gone further than everybody else, but I think we will see  the same action in other European countries during the next days. Even stupid Boris Johnson and UK will do the same, but maybe too late.

I think our government event they are of the wrong color and politics to me are doing the right thing. They act in time to slow down the spread in Denmark. Everybody WILL be contaminated, but these steps will slow down the spread and thereby NOT having a massive impact on the hospitals.

COVID-19 almost only kills people with age from late forties to and up. The older the more like you die if you get infected. I can't be sure but even I'm above 50 now I think I not even get badly hit by the virus. History tells me that, but you never know.

Hope you are all well. Stay safe.

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  The magic of DEFI
Posted by: Hugues - 2020-03-10, 06:50 PM - Forum: Uncategorized - Replies (12)

Quote:The magic of DAI

Since a while a have been following and analysing this new DEFI system. It took lots of research, reading and interviewing to see the picture. And to be honest I believe I don’t see the whole picture yet.
But what I figured out till now is amazing.

We are talking about DAI.
This token is a product from Maker (makerdao,com). It is made esspecially for DEFI.
DEFI goes from simple loans to insurances and much more. I am not going into detail about all DEFI can be.
Let’s just talk about the lending system in this great DEFI system.
DAI is set to $1 per token: so 1DAI = $1. Sometimes this can fluctuate 1% above or 1% below $1. This due to some latency of governors (MKR node holders) on the blockchain and a few other factors.

The mechanism of this systsem is great.
What can you do with DAI?
You can borrow (about 9% interest), you can make it a savings account with 8% interest, you can use it just to keep your assets safe when you expect bearish seasons, ….

Let’s do some math.
Therefor we should go back in history assuming DEFI and DAI was already there.
Let’s go back to december 2017. BTC hit $20000.
Great! But a few months later it was a bloodbath. It fell down to $3000.

Let’s assume in december you had 1BTC worth $20000. Probably you would have kept it, hoping BTC would shoot in higher spheres. Unfortunately this didn’t happen. At a certain moment when it went down to $15000, you realize it would be a bearish season for quite some time.
So you decide to sell them at that point and buy 15000DAI because DAI stays stable. Wether the market goes down or up… DAI stays at $1.
So you could keep your $15000 safe without making further losses.
But you could do better.
Via oasis.app you could put these DAI into a savings account with 8% interest*. The market was down for almost 2 years so it would have made you about $2500 of profit. You would have had $17500. If you would have bought back BTC (at the moment it was about $3000) with your money from your savings account (in DAI) you could have 5.8 BTC instead of 1BTC in december 2017. Today it would be worth about $68000.

Ok you could have sold your BTC to exchange it to fiat, but therefor you need a bankaccount, because leaving it on the exchange is a bad idea.
But exchanging it to DAI results in the same but you can leave it in your crypto wallet, completely decentralized.

Suppose you can afford to invest $15000 in crypto.
You could buy some BTC for instance and wait till the market goes up. It certainly will. At this very moment crypto are in sales. So today you could buy 1.92 BTC for it. Suppose you do this and decide to sell your BTC when the value of 1BTC is $25000 (let’s say after 1 year). You would make yourself a nice profit of (1.92x25000= 48000) $33000. Nice isn’t it.

Maybe we can do better. And borrow. Especially now the market is low and crypto will go back to higher spheres again. That’s for sure.
You buy yourself some ETH worth $15000. It would be around 75 ETH.
These ETH will be the collateral to borrow 10000DAI. At 9% interest.
With these borrowed DAI you could buy 1.82BTC. If after exactly 1 year BTC hits $25000, you could sell exactly $10900 worth of BTC exchanged for 10900DAI) to pay back your loan + interest.
So after 1 year your BTC would be worth $45500 minus $10900 to pay back your loan. When your loan is payed back your 75 ETH are back in your position. And you can be sure when BTC hits $25000, ETH would be above $500. So your ETH would be $37500.
$37500+ $34600= $72100

So we started with $15000.
In situation 1 we just bought some BTC to make it $48000.
In situation 2 we used the $15000 to borrow DAI and invest the DAI, to make it $72100.

Can you see the magic of DAI and DEFI?

* I did the test with the savings account. I put some DAI in it and you see the interest grow every second.

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  New whisky
Posted by: BobBobert - 2020-03-04, 05:53 PM - Forum: General discussion - Replies (5)

A new whisky from Ardbeg

they say
"Dear Committee Member
Bottled to celebrate 20 years of the Committee, I’m delighted to announce that the Ardbeg Blaaack Committee Exclusive is officially on sale at 10am today.
Our whisky creators have been weaving together some incredible flavours – rounding up the finest Pinot Noir wine casks from New Zealand to mature this celebratory dram. A first for Ardbeg. But that’s not the only first for the Distillery, as this whisky has also been aptly bottled in black glass.
As one of our flock i.e. a Committee Member, you can buy yours here from 10am.
Sweet fruit pudding knits together seamlessly with cedar wood and aromatic cigars. Oak tannins and rich truffles break away to reveal a subtle note of smoky jam tart.
With a splash of water, intense aromas of bitter cherry and a curiously zesty note emerges. Characteristically, this dram then travels in a different direction with perfumed violet notes.
A velvety mouthfeel leads into contrasting flavours. Aniseed, soot and summer fruits give way to crumbly pastry, dark chocolate, coffee and almonds. Following on is a long, lingering and sooty finish, perfect for toasting our legendary Committee.
Remember, we only release a limited number of Committee bottlings, so make sure you get yours by hook or by crook. And join us here on Islay on 30th May for Ardbeg Day 2020!
Slàinte! "

Not tasted yet but ordered!

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  Do I love banks?
Posted by: Hugues - 2020-02-28, 06:17 PM - Forum: Uncategorized - Replies (3)

Do you believe I do?
Watch this and you will know the answer.

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  DUSK Network
Posted by: Hugues - 2020-02-28, 05:55 PM - Forum: Uncategorized - Replies (7)

I don't know if I already posted about Dusk. It is quite some time that I follow this project and I am subscribed for newslettres.
Half an hour ago I read a mail (newslettre) from DUSK.
Her is what the announced:
"Yesterday we shared news from our partner program: Netherland’s leading incorporation platform Firm24 aims to tokenize 35.000 Dutch corporations on the Dusk Network platform by next year. Jelle Pol, Business Lead Dusk Network: “The collaboration with Firm24 and LTO is a great example of how Dusk is being adopted nationally. I fully expect the benefits we realize here to function as a lighthouse project towards additional sectors and jurisdictions adopting Dusk Network”.

3500 companies (only in The Netherlands)! Do you realize what this means?
There is a lot to do about adoption lately.

As you know me by now; I started to investigate immediately. I contacted this FIRM24 in my native language Dutch, and I got a reply almost immidiately.
The litteraly confirmed it.

In the mean time I went to look on the internet for some other sources and I found this:

Guys this could be huge not only for DUSK but also for adoption in general.

In general when The Netherlands do something innovative, Belgium follows shortly after.

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  Do you want to own an exchange?
Posted by: Hugues - 2020-02-27, 05:15 PM - Forum: Uncategorized - Replies (19)

Have a look at this and share you findings.


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Posted by: Hugues - 2020-02-23, 09:22 AM - Forum: Bitcoin and Altcoin - Replies (24)

Algorand was created by a highly respected cryptography professional from MIT, and is supported with a world-class team of research scientists, business and marketing professionals. While this obviously brings high expectations for the project, thus far the team has delivered excellent results.

The token got off to a great start with the June 2019 Dutch auction, although it has fallen significantly from its ICO price. Time will tell how well the token holds up as the Algorand team plans on auctioning off 600 million ALGO tokens per year until the entire 10 billion token supply has been released.
The mainnet has launched with an impressive 1,000 transactions per second, and that has allowed the team to create some strong partnerships, with others in the finance and real estate industries in the works. That shows there is actual real-world demand for the product offering of Algorand.
Algorand has already improved the blockchain landscape through its technological developments, and it now looks to further improvements through its recovery mechanism for network partition attacks, which is a groundbreaking method for making it economically unfeasible for an attacker to disrupt the network for any appreciable amount of time.
Algorand has been impressive in their speed of development, and in the lack of significant bugs. The mainnet launched very quickly, and the code base, which was only recently released, has been deemed to be well documented and obviously from a serious and professional development team.
At this point, Algorand appears to be both technically and commercially positioned to be a success in the blockchain space. Of course, it remains quite early in the development of this industry, but this is one project that bears watching going forward.

You can run 2 kind of nodes: relay nodes, and non-relay nodes. Relay nodes are primarily used for communication routing to a set of connected non-relay nodes. Relay nodes communicate with other relay nodes and route blocks to all connected non-relay nodes. Non-relay nodes only connect to relay nodes and can also participate in consensus. Non-relay nodes may connect to several relay nodes but never connect to another non-relay node.

Staking is also possible.




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  Crypto Wallet Vows to Offer BTC Withdrawals to Credit Cards
Posted by: Carsten - 2020-02-21, 08:08 AM - Forum: General discussion - Replies (15)

Another project to have a card to withdraw crytpo to fiat.

"A multicurrency wallet has announced that it will allow users in the European Union to withdraw Bitcoin to their Visa credit cards.

Lumi Wallet says its new feature has been built with simplicity in mind, with an easy-to-follow Know Your Customer procedure. Transactions can also be initiated quickly, meaning crypto enthusiasts don’t need to jump through endless hoops."


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  Vitalik Buterin Explains the New Tech Behind Eth 2.0
Posted by: Carsten - 2020-02-21, 08:00 AM - Forum: Bitcoin and Altcoin - Replies (4)

In this video we can see this young man behind Ethereum. There is no doubt that he is a genius, but as can be seen in the video he is "different". People like him and others that are also different should be more valued in our world since they contribute in a way average people don't.


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  What do you know about Amon?
Posted by: Carsten - 2020-02-18, 04:25 PM - Forum: Bitcoin and Altcoin - Replies (8)

I got this news mail from the Amon team. (the one who will make a debit card)

"Hello AMONer!

Life is frenetic but we know how important is to know who is keeping safe your funds. Let us give you a brief overview:

Amon OÜ is an Estonian based company that started its activity in February 2018.

It is regulated in Estonia by its termless operating licenses no FRK000200 and no FVR000252 from the Estonian Financial Intelligence Unit (FIU) to operate as a virtual currency wallet service provider and exchanging fiat to crypto, crypto to fiat, crypto to crypto.

Amon is backed by MKB Fintechlabs, the investment arm of MKB Bank, 4th largest bank in Hungary.
To secure users funds Amon partnered with BitGo, leader custodian cryptographic provider which is regulated by the SEC (Securities and Exchange Commission-USA).

Thanks to strong partnerships with top institutions and providers Amon offers the possibility to store, exchange, earn and spend both crypto and fiat.

If you want to know more, read the Amon History in our Blog post.

If you have any issues please contact us at hello@amon.tech

Thank you for being part of the Amon Revolution
Amon Team

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