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Overstock CEO Uses Bitcoin Tech to Spill Wall Street Secret

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Overstock CEO Uses Bitcoin Tech to Spill Wall Street Secret

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Overstock CEO Uses Bitcoin Tech to Spill Wall Street Secret

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Overstock Looks To Start New Startup Around Secret Bitcoin Project

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Overstock CEO Uses Bitcoin Tech to Spill Wall Street Secret

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Overstock CEO Uses Bitcoin Tech to Spill Wall Street Secret

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How To Gain From Bitcoin Investment

How To Gain From Bitcoin Investment
Bitcoin (or BTC for short) is a computerized money and shared installment framework made by the pseudonymous programming engineer Satoshi Nakamoto. Despite the fact that initially obscure to the overall population, Bitcoin has as of late pulled in bunches of consideration in the budgetary world throughout the last not many years.[1] With this far reaching consideration, the way toward putting resources into Bitcoin has as of late become simpler than at any other time. In any case, it's critical to take note of that Bitcoin isn't a standard venture (like, for example, stock) — it's progressively similar to an amazingly flimsy item, so don't purchase before you comprehend the dangers.

Purchasing and Selling BTC

Make a Bitcoin wallet. Today, purchasing and selling Bitcoin is simpler for novices than at any other time. As your initial step, you'll need to pursue something many refer to as a Bitcoin wallet. Like its name proposes, your wallet is a computerized account that makes it genuinely simple and advantageous to purchase, store, and sell your Bitcoin — consider it like an all inclusive Bitcoin financial records. Dissimilar to a financial records, be that as it may, beginning a Bitcoin wallet generally takes not exactly a moment, should be possible on the web, and is very simple.

Locales like Coinbase.com, Coinmkt.com, Blockchain.info and Hivewallet.com are only a couple of instances of trustworthy, solid and easy to understand destinations for apprentices to make their first wallet.

Connection your ledger to your wallet. When you have a wallet, it's an ideal opportunity to fill it with Bitcoin. Ordinarily, to do this, you'll have to supply the budgetary subtleties for a certifiable financial balance simply like you would on the off chance that you were setting up a PayPal record or pursuing another online installment administration. Generally, you'll need in any event your financial balance number, the directing number for the record, and your complete name as it shows up on the record. You can quite often discover these on your web based financial record or on your paper checks.[2]

Note that you may likewise be approached to give contact data, similar to a telephone number.

All things considered, connecting your financial balance to your Bitcoin wallet isn't anything else of a hazard to your own security than it is to shop on the web. Essentially all respectable Bitcoin administrations try to publicize their exclusive requirements for security and encryption. While Bitcoin administrations have been focused by programmers previously, so too have many major online retailers.

https://preview.redd.it/2a8y8tug00j41.jpg?width=660&format=pjpg&auto=webp&s=f53064247c8ef8075a04c3102099fb438cc5238f
Purchase BTC with cash from your financial balance. When you've provided your bank data and it's been checked by the Bitcoin administration, it ought to be genuinely simple to begin buying BTC and adding it to your wallet. As a rule, on your wallet page, there ought to be an alternative named "Purchase Bitcoin" or something comparable — clicking this should take you through a clear exchange process that utilizes cash from your financial balance to buy BTC.

Note that the cost of Bitcoin can (and does) change from everyday — in some cases altogether. Since Bitcoin is a generally new type of cash, its market presently can't seem to get steady. The present dollar-to-BTC swapping scale ought to be unmistakably recorded when you get it — as of October 2014, 1 BTC was equivalent to about $350.

Utilize your Bitcoin to purchase from retailers that acknowledge it. As of late, an expanding number of organizations have started to acknowledge Bitcoin as a legitimate type of installment. Despite the fact that these organizations despite everything speak to a minority, some significant names have just made the change. The following is only a short rundown of online sellers that acknowledge BTC:

Amazon

Wordpress

Overstock.com

Bitcoin.travel

Victoria's Secret

Tram

Zappos

Entire Foods

In case you're advertise adroit (or fortunate), you can possibly create an incentive for yourself thusly by purchasing Bitcoin when its cost is low, at that point buying merchandise when the estimation of Bitcoin is high to get an ideal arrangement on the products. You would then be able to offer these products to make a benefit or essentially keep them.
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13 Ways to Save Money Passively (Best Passive Money Saving Apps/Sites 2018)

Are we really doing this again already?
About 6 months ago I made the second version of this post, which listed 10 ways for you to save money passively.
Since that post I have found quite a few additions and I feel like it's already time for an update.
Just to clarify, this post is mainly just an update to the previous post. Some points made here will be exactly the same from last time, but there are a lot of additions and clarifications this time around.

13 Ways to Save Money Passively 2018

Drop - (iOS | Android)

Completely Passive, Ref = fish

In the first post I said:
If anyone asks me, "Fishering, what is your favorite beermoney app?" I'll respond with Drop.
12 months later, I don't totally know if that's exactly true, just because Drop has gone through some changes that has made it seem (psychologically) not as great as it once was.
For those of you who don't know what Drop is, Drop is a passive loyalty program that allows you to choose 5 popular stores where you'll earn cash back (automatically) at as soon as you shop at them (both online or in store). Here are just a few of the stores you can pick from: Walmart, Macy's, Dunkin Donuts, Target, Whole Foods, Walgreens, Starbucks, Uber, McDonalds, and my personal favorite, Chipotle! There's about 20-30 stores you can pick from for your perm. ongoing offers.
If you signed up for drop in the previous post, you might not have noticed this, but they have actually changed their program a bit since then. There's a good chance you didn't even notice any differences at all, but they have recently set a weekly limit of $5 in cash back, and they seem to be wanting to limit what purchases count for cash back.
From Drop's TOS:
Drop users are limited to earning a maximum of 5,000 Drop points per calendar week (Sunday – Saturday) in connection with Drop’s ongoing (as opposed to one-time) offers. Drop maintains the right to review the accrual of points and to determine, in Drop’s absolute discretion, if certain transactions qualify for Drop Offers. Certain spending including, but not limited to, repeat purchases, high-value purchases, purchases of gift cards, and purchases made for commercial, non-personal or non-household purposes, may not, at Drop’s absolute discretion, be considered Qualifying Transactions and may be ineligible for Drop points.
Source. I really do recommend you take a look over this.. there are a lot of hidden secrets in Drop, like that 5000 point limit per week, while most people won't spend $500 (with 1% cash back) in a week, it still makes this program seem so much worse.
Anyways, if you're not signed up for Drop, it's really a great app. I've been enjoying it since its launch and I've made a fair amount back in savings from it.
Cash outs are instant and start with various gift cards at $5 (5000 points). (Amazon is $10 minimum).

Spent (iOS | Android)

EDIT: Spent has just announced a referral program! For every friend you refer you'll get a $5 bonus when they earn their first cashback. Additionally, all friends you refer will receive $10 when they sign up. Here's my referral link. You might have to click on it from a mobile device in order for it to track correctly. It seems that Spent has done away with the referral program.

Almost Completely Passive

Spent is very similar to Drop... so if you like Drop, chances are you'll also enjoy Spent. Unlike Drop, with spent you'll earn 1% cash back at all of the stores they offer, so you don't need to pick just your favorites. Here are all of the stores that Drop offers 1% cash back at. (Note: All of the stores with strikethroughs are stores that were originally offered, but have sent been removed).
  • Starbucks
  • Amazon
  • Spotify
  • Netflix
  • Grubhub
  • Walgreens
  • Uber
  • Panera Bread
  • Staples
  • Petsmart
  • Costco
  • iTunes
  • ExxonMobil
  • 7-Eleven
  • McDonalds
  • Kroger
  • The Home Depot
  • Chick-Fil-A
  • Whole Foods
  • Shell
  • Chevron
There are a few things about Spent that are better than Drop, but there are also a few things that are negatives here.
I'll go ahead and make a nice little pros/cons list of Spent.
Pros of Spent:
  • $10 Sign up bonus (may or may not require referral link used?).
  • PayPal cash outs.
  • Manage transactions in the app.
  • Cash out minimum $0.01 w/ Gift Card Discount
Cons of Spent:
  • $20 Minimum cash out (PayPal).
  • Cash Back takes 1 month to get approved from pending.
Spent is also similar to Drop because you must link your bank account to it. This seems to be a common trend with these apps. And yes, Spent does stack with Drop, but Spent might not stack with other Empyr apps. You'll learn more about Empyr later in this post, or just CTRL+F for "Empyr". Just note that when you link a card with Spent you might have just unlinked your card from another Empyr app.
One thing I want to update about Spent is how cash outs work now. Since the original post a year ago I think it's important to note some changes. Cash outs for Spent are done through PayPal at $20 minimum (payment is sent instantly?). However, in the app they now have an option for you to purchase gift cards at a discount. So for example, you could be somewhere that Spent doesn't support.. Let's say Papa John's... and they'll let you buy a Papa John's gift card on the app and you'll receive 3% back. If you have any cash back balance you'll be able to use that to help pay for the gift card (or pay for it entirely, if you have enough balance). I can see this being a viable "cash out" option for users who feel like they'll never hit the $20 minimum. It won't be a free gift card, but a discount nonetheless. Do note that if you're someone who is only using drop for the 1% cash back at the select retailers listed above it will take you $2000 in spend to reach the $20 minimum cash out. That could take a while for some people, depending on how much you spend at these places.
One other thing about Spent that's worth mentioning is that it does also offer shopping portals online (spentapp.com) and you'll be able to find cash back for Travel/Hotels/Rental Cars. Just something worth checking out if you're interested in it. They also have an app called Spent Travel you might want to check out.

Pei ref = fish

Completely Passive

Pei is another new automatic cash back app, very similar to Drop & Spent. Pei is (as of posting) in an invite only system and they seem to be slowly letting users in. I was able to get early access since I'm 'Media'. I'm not sure how you can get invited into this app at this time, but if you read what I have to say about Pei that you find interesting, feel free to download the app and join the waitlist. I'd imagine soon they'll just let everybody in at once.
The one important thing to note about Pei is that it does run on the Empyr network. I was in contact with Pei about this and they confirmed that if you link a different Empyr app you will no longer receive the benefits from Pei. This is different from Spent since with Spent you can link your card (at which point your card will unlink from your previous Empyr app), but then link your card to a different Empyr app and you'll still get the 1% cash back offers to pay out. Just the local offers on Spent won't pay out. With Pei if you unlink your card, the whole app will break. So I'm going to try and convince you here that Pei is different from the other Empyr apps, and might be interesting and worth taking your one Empyr app slot.

Pros of Pei:

  • Cash Back at a lot of locations (way more than any of the other Empyr apps).
  • Cash out via PayPal or Bitcoin.
  • Stacks w/ Drop & Spent

Cons of Pei:

  • Steep $15 cash out minimum.
  • Hard to track where your points are coming from (no history page with transactions?)
So with all of that being said, let's talk about the stores you can find on Pei. Just note that these are only stores that are local to me, so if I don't have a certain store near me that Pei offers, I won't have it on this list. Please feel free to leave a comment informing me of what I'm missing.
  • Panda Express - 1.5%
  • Target - 1%
  • Petco - 1%
  • PetSmart - 1%
  • Sephora - 1%
  • Banana Republic - 1%
  • American Eagle Outfitters - 1%
  • Gap - 1%
  • Old Navy - 1%
  • Chipotle <3 - 1.2%
  • Taco Bell - 2%
  • Dominos Pizza - 1.5%
  • CVS - 1%
  • Starbucks - 1%
  • AMC - 2%
  • GameStop - 1.2%
  • Subway - 1.5%
  • 7-Eleven - 1%
  • Dunkin' Donuts - 1.5%
  • Walgreens - 1%
  • Nordstrom - 1%
  • Supercuts - 2%
  • ZARA - 1.2%
  • Express - 1%
  • H&M - 1.2%
  • Urban Outfitters - 1%
  • + Local locations - ~5%
Please let me know if there is anything inaccurate about this list if you're able to get into the app.

Paribus

Completely Passive

Paribus is not your typical cash back site. Once you sign up you can link your different accounts (such as your amazon account) and it will automatically track your shopping. Paribus doesn't directly earn you cash back... it acts more like Walmart's saving catcher if you've ever heard of that. If an item you buy somewhere goes on sale shortly after or if there's any other discounts/promotions you may have missed when you originally bought something, they'll quietly get you a rebate on whatever you purchased. It can be very hit or miss. The catch is that they do take a cut of your savings. I believe it is 30% for all new users, but for each member you refer you can cut the cut by 5%. If you save $10, they'll charge you $3 to whatever card you have linked.
Personally I've found it to be really hit or miss, but I've found some incredible savings. I bought a gopro and I got $15 saved with Paribus, and I also got $50 back from some really nice headphones I picked up on amazon from Amazon. What's weird is I bought the headphones like 6 months prior to the rebate. Was shocking to see it, but I've really had some good luck with Paribus.

Sift (iOS | No Android)

Completely Passive

After the last post, I noticed a lot of people enjoyed Paribus, so I figured it'd be good to add some alternatives in this post.
So, here's Sift. Sift is a similar site to Paribus, and its key focus is on enforcing credit card benefits that many people don't know about. It's actually pretty nice. It'll let you pick your credit card and it'll tell you pretty much everything about your card. I have the Chase Freedom Unlimited card, and I was actually shocked to hear some of the benefits my card has that I have never been taking advantage of.
From Sift's site:
We automatically comb through your credit card policies to show you all your benefits in one place. For every purchase we let you know what benefits you are eligible for. We streamline the claim process to make it as simple as possible to get your money back.
You can link your emails as well as your amazon account as well and they'll make it really easy for you.
I have not actually used Sift much myself, so I cannot attest to how well it works, but the app store reviews are generally positive for Sift.
Massive golf clap to zarraza2k for pointing Sift out.

Trim Savings - Referral Link

Completely Passive

Trim is similar to Paribus and Sift, but there's a certain void that it's trying to fill that the other two don't really seem to be filling.
Trim's main selling point is its bill negotiations. Instead of trying to save you money when a price drops, they're going to try and just nip it right in the bud and try to get your bills lower.
Right now they're mainly trying to negotiate with cell providers, internet providers, and cable providers.
Here's how the process goes:
  • Submit Your Bill: Submit your most recent cell phone, cable or internet bill to get started.
  • Trim Negotiates: Trim negotiates with your provider to get you discounts on your bill.
  • You Save Money: Trim takes 25% of annualized savings, but only on success—otherwise, it's free!
So, similar to Paribus, Trim does charge a fee. In a sense, I guess that's a good thing because it gives them an incentive to make sure to get some sort of bill decrease for you so they'll make some money too. Their rate is currently 25% of your bill negotiation. Of course, if they're not able to negotiate your bill for you, you won't pay them anything.
Trim does also monitor your bank account for you and they'll notify you of account changes (that you can set). For example, if they see a transaction worth $xxx, they'll notify me that I've made a large transaction. If there weren't already so many other sites/apps that could do that, I'd say that's a great feature that Trim offers.
One thing Trim also offers that is pretty nice is a cute little referral system.
Send your friends the link below, and you'll both get $2 when they connect an account...We'll send you an Amazon Gift Code worth $2.
So, that's cute :). As always, if you do happen to sign up with my refs, it's appreciated greatly.

SavingStar

Very Passive

Note: If you remember reading about SavingStar in my post from 6 12 months ago, nothing has changed.
SavingStar has been around for a very long time. It doesn't get a lot of love around here because it can often be referred to as the 'shittier version of iBotta'. While I agree that the products they have to offer for rebates are limited, there are two things that make SavingStar better than iBotta.
  1. Ease of adding deals.
On iBotta you will find a lot of offers on products you might be interested in buying, but activating the deals can be very tedious. Sometimes you'll have to watch an ad or answer a short survey just to qualify for a rebate. SavingStar makes it a lot easier. All you have to do is tap. Since there's no limit to how many rebates you can activate, I recommend just activating them all. Check in to the app maybe once or twice a week just to activate offers. Even if you don't plan on purchasing something, just add it in case you happen to buy it anyways.
  1. Ease of redeeming rebates.
iBotta can be a pain with this. After you activate a rebate and buy it, sometimes they will make you scan items (or did they get rid of this? I have not used iBotta in a while), and sometimes you'll have to scan your receipt. The process can be long. SavingStar makes it a lot easier by allowing you to link your store rewards card to redeem the rebates. After activation of a rebate, all you need to do is buy the item(s) from the store you have linked, and your account balance will automatically update.
When I first used this app (it's probably been about 5 1/2 years since I first signed up), I secretly linked my mom's Jewel-Osco card without telling her and each week I would activate all of the offers and I would just check the app every time after my mom went shopping and I would get so happy to see a couple dollars added to the account balance. Was one of the easiest beermoney apps for me at the time :). Jewel-Osco kinda got rid of their card a while back, so that made me sad, but you can still link the following cards to your SavingStar account: Stop&Shop, Peapod, CVS, Kmart, Piggly Wiggly, Mariano's. They have a handful of other stores as well, but that requires you to scan a receipt.

GetUpside

Semi Passive, DC, Virginia, Maryland, and Florida/Long Island.

GetUpside isn't really passive, but it qualifies for use a so many places (in the select states) that it feels like it deserves a spot on this list. Upside has been popular around here (for the people who can use it) because it allows you to compare gas prices at places, and earn cash back at over 600 gas stations in these three places. It's really easy because you don't really have to look hard to find the gas stations, and you just have to submit a receipt. If I could use this I'd probably just go to fill up, and while I'm waiting I'll open up the app to see if the gas station I'm at qualifies. It'd give me something to do for the minute while I wait for the tank to fill up.
GetUpside now offers cashback at certain grocery stores and restaurants. Does anyone know if GetUpside uses Empyr? I mean I told them I lived in a state where GetUpside works and I'm seeing I could be getting 20% cash back at Qdoba.
Like wtf bro i just want burritos in chicago is that too much to ask for wtf
whatever fuck it chipotle is better
In the DC area? You can also save up to 35% at restaurants and 15% at grocery stores near you.
It seems like they're mainly targeting DC area for restaurant and grocery cash back, but the play store lists DC, MD, and VA.
I don't use GetUpside because I live in Michigan/Chicago, and they have not reached us yet :(. They do have a referral program, though. Please please please, go ahead and start an Upside ref train below, I give permission on this post, unless the mods disagree.

SamsungPay

Completely Passive, Samsung devices only

SamsungPay has dropped so hard since I last updated this post. The only other thing that used to be on this list that has gone further was Expense Rewards (if you don't know what Expense Rewards is, don't worry about it. ._. )
Update: SamsungPay will now earn you 5-20 points per transaction, and they have removed all gift cards and rewards cards. You can now only redeem for 'coupons' or instant win sweepstakes. As of posting/edit they currently have $30 Uber Promo Codes, $25 Grubhub codes, and $25 Atom Tickets codes for 6,250 points, but these appear to be temporary. All of these codes have their own terms and limitations, so they're not as cut and dry as they might seem.
Samsung Pay has become my favorite way to pay... not only because I get rewards for using it, but because it totally takes a shit on apple pay and android pay. I am using my phone to pay at places where all of the employees tell me 'oh we don't allow you to pay with a phone', and I just shove my phone against their card reader and prove them wrong. It makes the process a lot easier for me as well.
Samsung pay has a rewards system where you'll earn anywhere from 10-40 5-20 points for a purchase. They have a level system each month where the more purchases you make in one month, the more your purchases will be worth the next. You'll have to maintain your levels to keep up the next month. Currently to reach the highest level (platinum) and receive 40 20 points per transaction, you'll need 30 transactions in a month.
I'll touch a little bit more on Samsung Pay's reward scheme shortly.
SamsungPay often offers various promotions that will offer discounts at certain stores or discounts on gift cards. As of posting they have 15-20% off various gift cards for 'back to school'. There's almost always some sort of gift card discount going on, so that could be a nonpassive way for you to save some money here and there.
So what kinds of rewards can you get from Samsung Rewards?
Currently you can spend your rewards points on some instant win games. I don't waste my time with them.
They also offer a few gift cards. Currently they offer ThinkGeek, Sephora, AMC, Uber, Best Buy, Gamestop, Shutterfly, and Overstock. You can also get a visa rewards card starting at $5 for 2000 points. These rewards cards automatically apply to your cards for Samsung pay and you can use them anywhere. SamsungPay has now done away with Gift Cards and Rewards Cards.
To anyone who has used Samsung Pay in the past (or maybe has not checked on it recently, or used it since the last post 6 months ago, for those of you who read that), they recently devalued their points.
Previously a $50 Samsung Rewards Card cost 10,000 points. Now it costs 12,500 points. I'm sad, and I wish they gave us a warning before the change.
Of course this is only for people who have qualifying Samsung devices: S6, S7, S8, S9, and the newer note devices.

Uber Visa Local Offers

Completely Passive

Just feel like throwing this important fact in here: I am a 5.00 star rated rider on Uber. Just wanted to boast.
Shop or dine out, get Uber credits back.
use your Visa card next time you dine out or go on a shopping spree at a featured store and earn Uber credits toward future rides. To join, go to settings in your Uber app and tap on Visa Local Offers.
If any of you are familiar with Swagbucks Local or apps similar to that, this is similar to those types of apps. Whenever you shop out at certain places you'll instantly receive uber credits to your account. It's really simple, and yes, this does stack with all of the other cash back apps you might be a part of.
If you're interested in activating the Visa local offers, you'll need to make sure you have a visa card linked to your Uber account first, and then you should see "activate local offers" in the app settings of Uber. I don't know if you'll see anything in the Uber Eats app, but you can use uber credits in either app.
There's really not much to say about Visa Local Offers, but if you're looking for some FAQ/Terms, feel free to check them all out here.

Cash App "Boosts"

Eh, Kinda Passive I guess

For those if you who don't know what Cash App is, Cash App is an app by Square that lets you send and receive payments. They've also expanded their app to support bitcoin purchases, and they'll also let you use the app as a checking account. With the cash app you can also sign up to receive the Cash Card, which is a debit card that is funded with your cash app balance.
If you have not used Cash App before, they do have a fancy referral program where when you sign up and send $50 you'll receive $5 and so will I. I do want to make this very clear: Cash App referrals can see the full name of the person who refers you, and the person who refers you will have your full name shown to them. If you're really private about personal information, be careful whose referral link you use. If you trust me, here's my referral link.
On a totally unrelated note, can someone please tell me if I correctly used the word 'whose' in the pervious paragraph? I'm really trying to get better at grammar and I still get fucked by who's / whose and who / whom.
Please note that if you want to use the cash app boosts that I'm talking about, you'll need to be 18 years old and have the cash card (which is free, don't worry)!
Cash App recently announced that their cash card will now be seeing 'boosts'. Boosts are their fancy way of saying that when you use our card at certain locations you'll receive a discount.
Once you have the cash card, you'll notice on the app below your card you'll be able to select your boost. Here are the current options (as of posting):
  • Coffee Shops (pretty much any coffee shop) - $1 Off Each Visit
  • Shake Shack - 15% Off Each Visit
  • Whole Foods - 5% Off Each Visit
  • Panera - 10% Off Each Visit
  • Subway - $1 Off Each Visit
  • Chick-fil-A - 10% Off Each Visit
  • Chipotle <3 - 15% Off Each Visit
So there are quite a few things I want to say & clear up.
  1. You can use a boost every 2 hours.
  2. You must select the boost that you'd like to use prior to the purchase. AFAIK you're able to swap which boost you want to use as often as you'd like. So when you walk into Chick-Fil-A, just check and make sure your boost is set to CFA. If not, swap it.
  3. In order to apply the boost, you must pay with the Cash Card. It's automatic. If your total is $6 and you're saving 10%, you'll only need a Cash app balance of $5.4 for the transaction. Cash App will cover the other $0.60.
  4. If you link your Cash Card to Apple Pay, you can pay with it that way and the boosts will still be applied.
Do realize that just because you have the Cash Card on the app, you won't see the boosts. You need to have the physical Cash Card in your possession for the boosts to show up.
I've been really enjoying using the Cash Card for purchases. Especially at CFA & Chipotle. It's really not a hassle. When I'm standing in line at Chipotle I'll open the app and make sure my cash app balance is enough and if not I'll just add funds right away. The boost is applied immediately which makes you feel good. It's like the guac is free at Chipotle after you use the cash card. The only downside to using the Cash Card is that you won't be able to stack discounts with anything else on this list... Unless you find a way to link the Cash Card to any of the things on this list. Regardless, 15% off at Chipotle is the best I have found, so I'm perfectly okay with it. If you're shopping at Whole foods, on the other hand, 5% might not be the best you can do. Stack a nice credit card with 1% Back from Spent and whatever other apps might have whole foods and you might be able to net >5%.

Empyr Apps

Completely Passive

In the last post I didn't include any of the apps like Swagbucks Local or Dosh (actually I don't even know if Dosh was out yet at that point). So, here we go.
I've listed this as "Empyr Apps" because all of these apps are basically just the same thing. I'll take the example of Swagbucks Local since that's what most of you reading this will already be using.
If you paid attention in the Visa Local Offers section of this post, you'll find that the Empyr apps are actually very similar to those visa local offers.
When you shop at a certain store/restaurant, you'll earn with the empyr app you have linked. It's actually really not that special.
Here's a list of some/most of the current Empyr powered apps:
IMPORTANT NOTE: You're only allowed to use one Empyr app at a time! As soon as you link up with another Empyr app, you'll be disqualified from another until you link back up.
I do want to go into this list a bit this time around since there seem to be more and more Empyr apps popping up.
Dosh might be the most popular of these apps right now. Dosh has nice referral programs as well as sign up bonuses that makes it very enticing. Dosh also has very decent cash back at the stores they offer.
Swagbucks Local will always be popular among Swagbucks users. What's really nice about Swagbucks Local is that the payouts are always instantly converted to Swagbucks, which can help you cash out sooner. You'll also likely get a slot in the Swago board filled out, which might be beneficial to you.
Pei is a really cool new app on Empyr that offers cash back at a lot of places you likely shop at. I talk about it above.
RetailMeNot is a newer one on this list and it's the only one here that I feel like I recommend you go on/off with. RetailMeNot has recently been doing a lot of "Spend $X, get $Y" deals at a lot of the stores they offer. For example, they are currently offering $5 Cash back for in Store purchases of $30+ at Staples. This is a really good deal for an Empyr app, and would probably be my pick for that transaction, but not most of the time since they don't have very many stores as options.
Here's what I plan on doing:
Most of the time I will plan on having my cards linked to one app... Probably Dosh, SB Local, or Pei. If I find a good offer on the RetailMeNot app, I would temporarily link my card to that just for the transaction and then link back to another app. I really just have to recommend you download all of these apps and see what they have to offer for you and pick your favorite.

TruNow

Eh, it's not actually passive... Ref = DCIBS9

TruNow is the one app I was really debating whether or not should make it on this list. It's not passive, but it stacks very nicely with a lot of these apps and it's really the only receipt app right now that scales, so I think it deserves a spot here as well as on my upcoming receipt apps comparison.
TruNow is a rather new app that will give you cash back at gas stations. It's actually a really easy process. You'll first go shopping at a gas station (probably buying gas) and once you're done you just upload a photo of your receipt to TruNow. All gas station receipts will pay 1%* cash back. Certain partnered gas stations will pay 2%* cash back.
The thing that makes this app so good is that it stacks with everything. Let's say I buy gas from ExxonMobil. I'll sign up for their rewards program and pay with a CC that earns a high rate at gas stations. I'll earn 1% from Spent and combine that with the rewards program and CC bonuses and earn 1%* cash back from TruNow as well.
You can cash out your TruNow balance to PayPal or spend it at a partnered retailer.
*So the issue with this app is that if you do choose to cash out to PayPal you'll only get half your money. So if you're using this and intend on cashing out to PayPal, just note that you're really earning 0.5% cash back. The minimum cash out is $5 for PayPal, so you'll earn $5 for every $1000 you spend on gas.
The app does have a referral program where you'll earn $2 for signing up under a ref link and the person who refers you also gets $2. If you feel like trying TruNow out, my ref is DCIBS9.

Conclusion

Well, there you have it. 10 different ways to save money passively. I usually say at the end of my posts that I can't even type anymore because my hands are tired. I think that's absolutely going on right now. Right now this post is just over 20,000 characters long. One of my longest ones yet :)
Please, feel free to leave comments or questions for me. Make sure to get one of your ten required comments on this post so you can enter that ref contest next week!
And that's it. I'm done :) My first megapost of 2018! This is going to be a great year in beermoney :) You just wait!
My socials:

Check out some of my other posts!

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PART 2 -- 17 Apps That Will Save You Money Passively (Best Passive Saving Apps 2018) PART 2

Part 2

Hi, this is actually part two of my Save Money Passively post, so if you're starting here, that's probably fine, but just note that it might be better to start at part 1.

Click here for part 1.

ReceiptPal

ReceiptPal is an app that allows you to upload your receipts from almost anywhere that you go shopping. It's actually a really simple process.
When you sign up you'll be presented with almost little scratch cards which contains 4 spaces. Each space is filled with a receipt that you upload. Once you reach 4 receipts, you'll earn 100 points. 400 points = $1, so basically every 16 receipts you upload you'll receive $1.
"So, mr Fishering, how is this passive!?"
Unlike most receipt apps, ReceiptPal allows you to link your emails and amazon account and they'll automatically upload receipts for you. I actually let this app alone for several months and came back to thousands of points and cashed out instantly.

Paribus

Paribus is not your typical cash back site. Once you sign up you can link your different accounts (such as your amazon account) and it will automatically track your shopping. Paribus doesn't directly earn you cash back... it acts more like Walmart's saving catcher if you've ever heard of that. If an item you buy somewhere goes on sale shortly after or if there's any other discounts/promotions you may have missed when you originally bought something, they'll quietly get you a rebate on whatever you purchased. It can be very hit or miss. The catch is that they do take a cut of your savings. I believe it is 30% for all new users, but for each member you refer you can cut the cut by 5%. If you save $10, they'll charge you $3 to whatever card you have linked.
Personally I've found it to be really hit or miss, but I've found some incredible savings. I bought a gopro and I got $15 saved with Paribus, and I also got $50 back from some really nice headphones I picked up on amazon from Amazon. What's weird is I bought the headphones like 6 months prior to the rebate. Was shocking to see it, but I've really had some good luck with Paribus.

Sift (iOS | Android)

After the last post, I noticed a lot of people enjoyed Paribus, so I figured it'd be good to add some alternatives in this post.
So, here's Sift. Sift is a similar site to Paribus, and its key focus is on enforcing credit card benefits that many people don't know about. It's actually pretty nice. It'll let you pick your credit card and it'll tell you pretty much everything about your card. I have the Chase Freedom Unlimited card, and I was actually shocked to hear some of the benefits my card has that I have never been taking advantage of.
From Sift's site:
We automatically comb through your credit card policies to show you all your benefits in one place. For every purchase we let you know what benefits you are eligible for. We streamline the claim process to make it as simple as possible to get your money back.
You can link your emails as well as your amazon account as well and they'll make it really easy for you.
I have not actually used Sift much myself, so I cannot attest to how well it works, but the app store reviews are generally positive for Sift.

Trim Savings - Referral Link

Trim is similar to Paribus and Sift, but there's a certain void that it's trying to fill that the other two don't really seem to be filling.
Trim's main selling point is its bill negotiations. Instead of trying to save you money when a price drops, they're going to try and just nip it right in the bud and try to get your bills lower.
Right now they're mainly trying to negotiate with cell providers, internet providers, and cable providers.
Here's how the process goes:
  • Submit Your Bill: Submit your most recent cell phone, cable or internet bill to get started.
  • Trim Negotiates: Trim negotiates with your provider to get you discounts on your bill.
  • You Save Money: Trim takes 25% of annualized savings, but only on success—otherwise, it's free!
So, similar to Paribus, Trim does charge a fee. In a sense, I guess that's a good thing because it gives them an incentive to make sure to get some sort of bill decrease for you so they'll make some money too. Their rate is currently 25% of your bill negotiation. Of course, if they're not able to negotiate your bill for you, you won't pay them anything.
Trim does also monitor your bank account for you and they'll notify you of account changes (that you can set). For example, if they see a transaction worth $xxx, they'll notify me that I've made a large transaction. If there weren't already so many other sites/apps that could do that, I'd say that's a great feature that Trim offers.
One thing Trim also offers that is pretty nice is a cute little referral system.
Send your friends the link below, and you'll both get $2 when they connect an account...We'll send you an Amazon Gift Code worth $2.
So, that's cute :). As always, if you do happen to sign up with my refs, it's appreciated greatly.

SavingStar

Note: If you remember reading about SavingStar in my post from 6 12 months ago, nothing has changed.
SavingStar has been around for a very long time. It doesn't get a lot of love around here because it can often be referred to as the 'shittier version of iBotta'. While I agree that the products they have to offer for rebates are limited, there are two things that make SavingStar better than iBotta.
  1. Ease of adding deals.
On iBotta you will find a lot of offers on products you might be interested in buying, but activating the deals can be very tedious. Sometimes you'll have to watch an ad or answer a short survey just to qualify for a rebate. SavingStar makes it a lot easier. All you have to do is tap. Since there's no limit to how many rebates you can activate, I recommend just activating them all. Check in to the app maybe once or twice a week just to activate offers. Even if you don't plan on purchasing something, just add it in case you happen to buy it anyways.
  1. Ease of redeeming rebates.
iBotta can be a pain with this. After you activate a rebate and buy it, sometimes they will make you scan items (or did they get rid of this? I have not used iBotta in a while), and sometimes you'll have to scan your receipt. The process can be long. SavingStar makes it a lot easier by allowing you to link your store rewards card to redeem the rebates. After activation of a rebate, all you need to do is buy the item(s) from the store you have linked, and your account balance will automatically update.
When I first used this app (it's probably been about 5 1/2 years since I first signed up), I secretly linked my mom's Jewel-Osco card without telling her and each week I would activate all of the offers and I would just check the app every time after my mom went shopping and I would get so happy to see a couple dollars added to the account balance. Was one of the easiest beermoney apps for me at the time :). Jewel-Osco kinda got rid of their card a while back, so that made me sad, but you can still link the following cards to your SavingStar account: Stop&Shop, Peapod, CVS, Kmart, Piggly Wiggly, Mariano's. They have a handful of other stores as well, but that requires you to scan a receipt.

GetUpside

DC, Virginia, Maryland, Florida/Long Island, and scattered throughout the US.

GetUpside is now available around the US in certain areas, so if you've been ignoring this app, I'd recommend you give it a look again! I'm seeing gas stations around me in both Grand Rapids and Chicago.
GetUpside isn't really passive, but it qualifies for use a so many places (in the select states) that it feels like it deserves a spot on this list. Upside has been popular around here (for the people who can use it) because it allows you to compare gas prices at places, and earn cash back at over 600 gas stations in these three places. It's really easy because you don't really have to look hard to find the gas stations, and you just have to submit a receipt. If I could use this I'd probably just go to fill up, and while I'm waiting I'll open up the app to see if the gas station I'm at qualifies. It'd give me something to do for the minute while I wait for the tank to fill up.
GetUpside now offers cashback at certain grocery stores and restaurants. Does anyone know if GetUpside uses Empyr? I mean I told them I lived in a state where GetUpside works and I'm seeing I could be getting 20% cash back at Qdoba.
Like wtf bro i just want burritos in chicago is that too much to ask for wtf
whatever fuck it chipotle is better
In the DC area? You can also save up to 35% at restaurants and 15% at grocery stores near you.
It seems like they're mainly targeting DC area for restaurant and grocery cash back, but the play store lists DC, MD, and VA.
I don't use GetUpside because I live in Michigan/Chicago, and they have not reached us yet :(. They do have a referral program, though. Please please please, go ahead and start an Upside ref train below, I give permission on this post, unless the mods disagree.

SamsungPay

Completely Passive, Samsung devices only

SamsungPay has dropped so hard since I last updated this post. The only other thing that used to be on this list that has gone further was Expense Rewards (if you don't know what Expense Rewards is, don't worry about it. ._. )
Update: SamsungPay will now earn you 5-20 points per transaction, and they have removed all gift cards and rewards cards. You can now only redeem for 'coupons' or instant win sweepstakes. As of posting/edit they currently have $30 Uber Promo Codes, $25 Grubhub codes, and $25 Atom Tickets codes for 6,250 points, but these appear to be temporary. All of these codes have their own terms and limitations, so they're not as cut and dry as they might seem.
Samsung Pay has become my favorite way to pay... not only because I get rewards for using it, but because it totally takes a shit on apple pay and android pay. I am using my phone to pay at places where all of the employees tell me 'oh we don't allow you to pay with a phone', and I just shove my phone against their card reader and prove them wrong. It makes the process a lot easier for me as well.
Samsung pay has a rewards system where you'll earn anywhere from 10-40 5-20 points for a purchase. They have a level system each month where the more purchases you make in one month, the more your purchases will be worth the next. You'll have to maintain your levels to keep up the next month. Currently to reach the highest level (platinum) and receive 40 20 points per transaction, you'll need 30 transactions in a month.
I'll touch a little bit more on Samsung Pay's reward scheme shortly.
SamsungPay often offers various promotions that will offer discounts at certain stores or discounts on gift cards. As of posting they have 15-20% off various gift cards for 'back to school'. There's almost always some sort of gift card discount going on, so that could be a nonpassive way for you to save some money here and there.
So what kinds of rewards can you get from Samsung Rewards?
Currently you can spend your rewards points on some instant win games. I don't waste my time with them.
They also offer a few gift cards. Currently they offer ThinkGeek, Sephora, AMC, Uber, Best Buy, Gamestop, Shutterfly, and Overstock. You can also get a visa rewards card starting at $5 for 2000 points. These rewards cards automatically apply to your cards for Samsung pay and you can use them anywhere. SamsungPay has now done away with Gift Cards and Rewards Cards.
To anyone who has used Samsung Pay in the past (or maybe has not checked on it recently, or used it since the last post 6 months ago, for those of you who read that), they recently devalued their points.
Previously a $50 Samsung Rewards Card cost 10,000 points. Now it costs 12,500 points. I'm sad, and I wish they gave us a warning before the change.
Of course this is only for people who have qualifying Samsung devices: S6, S7, S8, S9, and the newer note devices.

Uber Visa Local Offers

Completely Passive

Just feel like throwing this important fact in here: I am a 5.00 star rated rider on Uber. Just wanted to boast.
Shop or dine out, get Uber credits back.
use your Visa card next time you dine out or go on a shopping spree at a featured store and earn Uber credits toward future rides. To join, go to settings in your Uber app and tap on Visa Local Offers.
If any of you are familiar with Swagbucks Local or apps similar to that, this is similar to those types of apps. Whenever you shop out at certain places you'll instantly receive uber credits to your account. It's really simple, and yes, this does stack with all of the other cash back apps you might be a part of.
If you're interested in activating the Visa local offers, you'll need to make sure you have a visa card linked to your Uber account first, and then you should see "activate local offers" in the app settings of Uber. I don't know if you'll see anything in the Uber Eats app, but you can use uber credits in either app.
There's really not much to say about Visa Local Offers, but if you're looking for some FAQ/Terms, feel free to check them all out here.

Cash App "Boosts"

Eh, Kinda Passive I guess

For those if you who don't know what Cash App is, Cash App is an app by Square that lets you send and receive payments. They've also expanded their app to support bitcoin purchases, and they'll also let you use the app as a checking account. With the cash app you can also sign up to receive the Cash Card, which is a debit card that is funded with your cash app balance.
If you have not used Cash App before, they do have a fancy referral program where when you sign up and send $50 you'll receive $5 and so will I. I do want to make this very clear: Cash App referrals can see the full name of the person who refers you, and the person who refers you will have your full name shown to them. If you're really private about personal information, be careful whose referral link you use. If you trust me, here's my referral link.
On a totally unrelated note, can someone please tell me if I correctly used the word 'whose' in the pervious paragraph? I'm really trying to get better at grammar and I still get fucked by who's / whose and who / whom.
Please note that if you want to use the cash app boosts that I'm talking about, you'll need to be 18 years old and have the cash card (which is free, don't worry)!
Cash App recently announced that their cash card will now be seeing 'boosts'. Boosts are their fancy way of saying that when you use our card at certain locations you'll receive a discount.
Once you have the cash card, you'll notice on the app below your card you'll be able to select your boost. Here are the current options (as of posting):
  • Coffee Shops (pretty much any coffee shop) - $1 Off Each Visit
  • Shake Shack - 15% Off Each Visit
  • Whole Foods - 5% Off Each Visit
  • Panera - 10% Off Each Visit
  • Subway - $1 Off Each Visit
  • Chick-fil-A - 10% Off Each Visit
  • Chipotle <3 - 15% Off Each Visit
So there are quite a few things I want to say & clear up.
  1. You can use a boost every 2 hours.
  2. You must select the boost that you'd like to use prior to the purchase. AFAIK you're able to swap which boost you want to use as often as you'd like. So when you walk into Chick-Fil-A, just check and make sure your boost is set to CFA. If not, swap it.
  3. In order to apply the boost, you must pay with the Cash Card. It's automatic. If your total is $6 and you're saving 10%, you'll only need a Cash app balance of $5.4 for the transaction. Cash App will cover the other $0.60.
  4. If you link your Cash Card to Apple Pay, you can pay with it that way and the boosts will still be applied.
Do realize that just because you have the Cash Card on the app, you won't see the boosts. You need to have the physical Cash Card in your possession for the boosts to show up.
I've been really enjoying using the Cash Card for purchases. Especially at CFA & Chipotle. It's really not a hassle. When I'm standing in line at Chipotle I'll open the app and make sure my cash app balance is enough and if not I'll just add funds right away. The boost is applied immediately which makes you feel good. It's like the guac is free at Chipotle after you use the cash card. The only downside to using the Cash Card is that you won't be able to stack discounts with anything else on this list... Unless you find a way to link the Cash Card to any of the things on this list. Regardless, 15% off at Chipotle is the best I have found, so I'm perfectly okay with it. If you're shopping at Whole foods, on the other hand, 5% might not be the best you can do. Stack a nice credit card with 1% Back from Spent and whatever other apps might have whole foods and you might be able to net >5%.

Empyr Apps

Completely Passive

In the last post I didn't include any of the apps like Swagbucks Local or Dosh (actually I don't even know if Dosh was out yet at that point). So, here we go.
I've listed this as "Empyr Apps" because all of these apps are basically just the same thing. I'll take the example of Swagbucks Local since that's what most of you reading this will already be using.
If you paid attention in the Visa Local Offers section of this post, you'll find that the Empyr apps are actually very similar to those visa local offers.
When you shop at a certain store/restaurant, you'll earn with the empyr app you have linked. It's actually really not that special.
Here's a list of some/most of the current Empyr powered apps:
IMPORTANT NOTE: You're only allowed to use one Empyr app at a time! As soon as you link up with another Empyr app, you'll be disqualified from another until you link back up.
I do want to go into this list a bit this time around since there seem to be more and more Empyr apps popping up.
Dosh might be the most popular of these apps right now. Dosh has nice referral programs as well as sign up bonuses that makes it very enticing. Dosh also has very decent cash back at the stores they offer.
Swagbucks Local will always be popular among Swagbucks users. What's really nice about Swagbucks Local is that the payouts are always instantly converted to Swagbucks, which can help you cash out sooner. You'll also likely get a slot in the Swago board filled out, which might be beneficial to you.
Pei is a really cool new app on Empyr that offers cash back at a lot of places you likely shop at. I talk about it above.
RetailMeNot is a newer one on this list and it's the only one here that I feel like I recommend you go on/off with. RetailMeNot has recently been doing a lot of "Spend $X, get $Y" deals at a lot of the stores they offer. For example, they are currently offering $5 Cash back for in Store purchases of $30+ at Staples. This is a really good deal for an Empyr app, and would probably be my pick for that transaction, but not most of the time since they don't have very many stores as options.
Here's what I plan on doing:
Most of the time I will plan on having my cards linked to one app... Probably Dosh, SB Local, or Pei. If I find a good offer on the RetailMeNot app, I would temporarily link my card to that just for the transaction and then link back to another app. I really just have to recommend you download all of these apps and see what they have to offer for you and pick your favorite.

TruNow

Eh, it's not actually passive... Ref = DCIBS9

TruNow is the one app I was really debating whether or not should make it on this list. It's not passive, but it stacks very nicely with a lot of these apps and it's really the only receipt app right now that scales, so I think it deserves a spot here as well as on my upcoming receipt apps comparison.
TruNow is a rather new app that will give you cash back at gas stations. It's actually a really easy process. You'll first go shopping at a gas station (probably buying gas) and once you're done you just upload a photo of your receipt to TruNow. All gas station receipts will pay 1%* cash back. Certain partnered gas stations will pay 2%* cash back.
The thing that makes this app so good is that it stacks with everything. Let's say I buy gas from ExxonMobil. I'll sign up for their rewards program and pay with a CC that earns a high rate at gas stations. I'll earn 1% from Spent and combine that with the rewards program and CC bonuses and earn 1%* cash back from TruNow as well.
You can cash out your TruNow balance to PayPal or spend it at a partnered retailer.
*So the issue with this app is that if you do choose to cash out to PayPal you'll only get half your money. So if you're using this and intend on cashing out to PayPal, just note that you're really earning 0.5% cash back. The minimum cash out is $5 for PayPal, so you'll earn $5 for every $1000 you spend on gas.
The app does have a referral program where you'll earn $2 for signing up under a ref link and the person who refers you also gets $2. If you feel like trying TruNow out, my ref is DCIBS9.

Conclusion

I don't really think there's too much to say here. I recommend you sign up for as many of these apps/sites as you possibly can if you're interested because while it may seem like 1% cash back at a store isn't a lot, if you're able to stack it with multiple apps, it really does add up fast.
As always if you have any questions please do leave a comment or send me a PM!
Oh also please follow me on reddit. I'm super close to a personal followers milestone ;).
Thanks for reading!
My socials:

Check out some of my other posts!

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It's Time to Let Everyone in on Litecoin's Biggest Secret

Fellow Consumers,
It's possible that you might be getting a little upset at the current BTC fees. Please assist me in sending, or editing as you see fit, this drafted outline and email to whichever business you feel would benefit from using Litecoin instead. Or you can make a video, or tweet the link, or 100 other things. Just help in bringing attention to Litecoin in BTC's mempool time of need. It's time they learned Litecoin's biggest secret .... It’s THE BEST payment method out there. Also, please support businesses that currently accept Litecoin. I've put together a list below the draft.
........................................................................................................................................
BEGIN EMAIL DRAFT
To whom it may concern,
Has your company ever considered receiving the alternative payment currency Litecoin?
To begin, you may already be accepting bitcoin and Litecoin is very similar to bitcoin. If you're unfamiliar with bitcoin as a currency then Litecoin is a great place to start. They are even built from the same Core coding. A benefit to Litecoin is that it has a 2.5 minute block time instead of bitcoin's 10 minutes. This makes Litecoin's transaction speed four times faster and much less expensive than bitcoin. In layman's terms, this just means payment is confirmed faster and less expensively with Litecoin.
For reference - you can see the average fee of both bitcoin and Litecoin in US Dollars compared here: https://bitinfocharts.com/comparison/transactionfees-btc-ltc.html#1y
This chart shows the average fee for Litecoin is staying around 10 to 20 cents, and bitcoin bouncing between a low of $1.50 and $8.00 recently. This means you would pay less in fees to convert the same total value into fiat or USD in this case.
If you were to compare this to the average credit card transaction fees, of say 2.5%, any transaction over $5.00 would be more profitable through Litecoin.
Reference of fees found here: https://www.cardfellow.com/average-fees-for-credit-card-processing/#Typical
If you've heard of Litecoin, I'm sure you have heard the saying "Litecoin is the silver to bitcoin's gold." But really, Litecoin should really be considered Platinum instead of silver. Platinum is stronger, more durable, and much more ductile. Over 20% of all consumer goods either contain platinum or are produced using platinum. Platinum is truly an enduring metal just as Litecoin is truly an enduring cryptocurrency. It will be 6 years old this October, bitcoin is 8 years old.
A few facts that demonstrate Litecoin's strength, durability, and ductility are listed below:
  1. Litecoin has a large economy and your current bitcoin technology should work on Litecoin with very little changes. If you don't use bitcoin, it is still easy to implement.
  2. Litecoin has the best combination of economic size and technical similarity to bitcoin than any other cryptocurrencies.
  3. Litecoin is capable of eight times as many transactions as bitcoin in a ten minute period.
  4. Litecoin has much faster confirmation times with blocks that are not full.
  5. Litecoin has proven its longevity compared to many other cryptocurrencies that have come and gone.
  6. Also, if changes ever need to be made to Litecoin, it doesn't take years to implement them. Litecoin implemented Segregated Witness before bitcoin, and will most likely run on the lightning network before bitcoin as well. If you don't deal with bitcoin, this all just means Litecoin is a front runner in implementing new technology and features.
  7. Litecoin is a limited supply coin, launched fairly, with no coins premined (no developer is hiding a majority somewhere), nor has it ever hard forked for any special interest groups. It is decentralized and no one person or group controls what happens to it and no one person or group can manipulate the market.
  8. Whole Litecoins are much more affordable than whole bitcoins. This helps eliminate some psychological barriers to entering the market.
In conclusion:
If your company was to accept Litecoin, I would be happy to start conducting my business with you.
If your company accepts bitcoin payments but not Litecoin, I hope I have helped shed some light on the benefits Litecoin could bring to your business.
If your business does not accept bitcoin payments, I hope I have introduced you to an alternative payment option that a large number of people transact with everyday who would love to add you to their list of merchants accepting Litecoin. It really is the currency of the future.
If you have any questions about Litecoin or need help in possibly implementing Litecoin into your business, please let us know. There are many of us here excited to help you transition into accepting Litecoin or to help you further and answer any questions you may have.
We can be found here:
[email protected]
[email protected]
https://www.reddit.com/Litecoin
https://twitter.com/LitecoinCA
http://litecoinalliance.org/
https://twitter.com/ltcfoundation
https://twitter.com/litecoinsupport
A few options of the easiest ways to implement Litecoin payments currently are:
  1. https://shapeshift.io - currently used by Overstock.com - "The Safest, Fastest Asset Exchange on Earth"
  2. https://coinpayments.net/ - Payment gateway for LTC & BTC
  3. https://alfacoins.com/ - an international LTC & BTC payment processor
  4. https://www.asmoney.com/ - an electronic payment system for LTC & BTC
  5. https://www.gocoin.com/ - Enabling merchants to accept BTC & LTC payments
  6. http://cointopay.com/ - Provides merchant services in LTC, BTC, & many others
  7. https://www.cryptowoo.com/ - a decentralized payment plugin to accept LTC, DOGE, & BTC
  8. https://gourl.io/ - an open source crypto-currency payment gateway
  9. https://litepaid.com/ - accept LTC, BTC, & over 25 others fast & easy
END EMAIL DRAFT ........................................................................................................................................
This below is for LTC spending reference. No need to include it in any email. Dots were added in for any mobile users who can't see the formatted lines.
Places to spend Litecoin:
Please feel free to mention any links/sites/businesses you know of - It took me a bit to compile this list or PM me and I will add your business link to whichever category you prefer. Also, please verify with the consumer they still accept Litecoin or are still an active domain before purchasing.
A Bit of Everything:
https://overstock.com - Furniture, Decor, Cars, Pet Adoptions, Jewelry, Clothing
http://bitroadmarket.com/en/ - Electronics , Home and Kitchen
http://shop.btcs.com/ - Jewelry, Coins, Shirts, Collectors Items
https://bitcoingalaxy.us/shop/ - Jewelry, Coins, Shirts, Collectors Items
https://www.all-mints.com/- Gift Cards, PCs, Clothing, Food, Tools, Perfume, Electronics, Bags, Shoes, Gifts, Pet Products
Art & Collectibles:
https://bitographs.com/ - Crypto Posters
https://dogmaportraits.uservoice.com/ - Prints of your uploaded pet photos
http://cryptoart.com/ - Crypto themed art
http://bitcoinsportscards.com/ - Sports Cards
http://aircraft-photos.com/ - Aircraft photos
http://www.juanmiguelsalas.com/blog/ - Art - Blogger
http://www.benzandbeamer.com/ - Luxury Cars
Clothing/Jewelry:
https://Digswag.com - Clothing, Unique Items, Pets, Home and Office
https://Coinpupil.com - Crypto themed clothing
https://allthingsluxury.biz/ - Fine Jewelry
http://www.afkapparel.co.uk/ - Geek/Gamer clothing
http://www.sakamaonline.com/ - Leather and Rugs
https://www.siamsecrets-auz.com/ - Siam clothing
https://cryptocurrencygear.com/ - Crypto gear
https://www.topshelftoker.com/ - Shirt and Hat
https://allthingsdecentral.com/ - Card games, Hardware wallets, clothing, Beginners Box
http://shiresoaps.com/ - Soap
https://5mr.com/ - Baby Wearing
https://www.cryptojeweler.com/ - Jewelry
https://www.cheveux-naturels.com/ - Hair Extensions
https://www.etsy.com/shop/JestersLeather - Leather
http://www.cryptoverge.com/ - Crypto clothing
http://moniebug.com/ - Chlidren's Clothing (Launch Party Sept 30th - Coming Soon)
https://chicagogemshop.com/ - Precious Gems and Crystals
https://litecoinmerch.com/ - Litecoin Merchandise - Donates 25% Back to LTC Foundation!
https://twitter.com/LitecoinMerch
Domains/Hosting/and Other Digital Services:
https://nameselling.com - Domain names
http://www.lovinghosting.com/ - Linux Web Hosting
http://www.lovingdomains.com/ - Domain names
https://www.vps-city.com/ - Virtual Private Servers
https://flokinet.is/en/ - Anonymous Servers
https://coinshost.com/en/ - Web Hosting and DDos Protection
http://www.qhoster.com/ - Hosting, VPS, Servers, Domains
https://briehost.com/ - Hosting, VPS, Servers, Domains
https://www.hostmycode.in/ - Hosting, VPS, Servers, Domains, Wordpress, SSD Reseller
https://www.cinfu.com/ - Shared Hosting, VPS, Dedicated Servers, Domains, SSL Digital Certificates
http://ellenet.com.au/ - Web Hosting, Web Design, Server Maintenance, Web Development
https://247zilla.com/ - Cloud Hosting
https://hosthavoc.com - Game/Minecraft/Voice Servers and Web Hosting
https://www.simrai.com/ - Game/Minecraft/Voice Servers and Web Hosting, Package Deals
https://143vpn.com/ - VPN, DDoS protection
https://torguard.net/ - VPN, Anonymous Email, Anonymous Proxy
https://www.trilightzone.org/ - VPN Services
http://gameservers.today/ - Game and Voice Servers
https://xwebhosting.org/ - Dedicated and Cloud Servers, Web Hosting, Datacenters
http://www.onenetwork.net/ - Servers and VPS
http://instantcpanelhosting.com/ $0.5 Hosting, $4 VPS, Domains, Dedicated Servers, SSL
https://koddos.net/ - DDoS protection, Off shore hosting
http://www.coinrdp.com/
https://axelwebhosting.com - Web Hosting
18+:
http://www.vieci.com/# - Assorted Adult Products
Food and Drinks:
https://tealet.com/litecoin - Assorted Teas, Loose Leaf
https://www.drinkcham.com/ - Award Winning Cold Brew Tea
https://www.cryptomercado.com/ - Coffee, Jerky, Nuts, Snacks
https://crypto-coffee.com/ - Coffee
http://drapis.com/ - Raw Honey
Furniture:
https://distinguishedimports.com/shop/ - Hand Blown Glass, Decor, Vintage Furniture
Game Keys:
https://key4co.in/ - Game Keys
https://www.cjs-cdkeys.com/ - Game Keys and Physical Discs
https://gamerzheat.com/ - Game Keys and Software
Gift cards:
https://www.gyft.com
https://www.cryptodechange.com/
https://www.egifter.com/litecoin/
https://bitcoingiftcards.com.au/
https://www.cryfter.com/
https://giftoff.com/
Gold and Silver:
https://www.coaex.com/ - Gold and Silver Bars
http://www.bitgild.com/ - Gold, Silver, Platinum, Palladium, Accessories
http://www.bitcoinmetals.us/ - Copper, Gold, and Silver Bullions
Law firms:
https://sohovichlaw.com/ - DUI Defense
Miscellaneous:
http://coinmap.org - Map of Local Businesses
https://www.unlockbase.com/ - Unlock iPhone
https://www.custommuzzlebrakes.com/ - Custom Gun/Rifle Parts
http://www.getballistic.com/ - Body boards
http://www.3dp4btc.com/ - 3D Printing
Music:
http://www.shanthagopian.com/
http://www.progmegastore.com/store/ - Memorabilia, Vinyl, and Collectors Items, CDs and DVDs
http://cryptopay.trebaltek.ca/wp/
Other Electronics:
http://www.thermostatenshop.nl/ - Thermostats
http://www.heat4feet.net/nl/ - Floor Heating maps, rugs, thermostats
http://www.opritverwarmingen.eu/ - Heating cables, thermostats, and control systems
https://www.vorstvrij.net/nl/ - Heating cables and thermostats
http://www.keraheat.com/ - Assorted heating products
Pet Supplies:
http://cryptopet.com/ (Out of date site)
Physical Coins:
http://www.lealana.com/ (also sold on bitcointalk.org forum)
Travel:
https://www.cheapair.com - Plane tickets
https://btctrip.com/ - Festivals, Burning Man, Museums, Trips
http://finnatravel.com/ - Travel Agency
https://www.mercadoviagens.com/ - Brazil Travel Agency
http://3s.ee/booking/# - Estonia Hotel
https://www.surfranchnicaragua.com/bitcoins - All Inclusive Nicaragua Resort
Vape Nation:
https://arkansaseliquid.com/ - Vape Shop
https://www.vaposhop.com/ - Vape Shop
https://azarius.net/ - Assorted 'exhalant' supplies
http://btcheadshop.com/- Assorted 'exhalant' supplies
https://www.fogonthetyne.eu/- Vape Shop
https://www.ecigsplus.com/- Vape Shop
https://vapourdepot.com/- Vape Shop
http://www.tobaccoseed.company/ - 'Grow your own' Tobacco Seeds
https://kingpenvapes.com/- Vape Shop
http://www.digitalcloudvapor.com/- Vape Shop
Current Litecoin Developments - For Reference
Litecoin Roadmap - https://litecoincore.org/
Lightning Network
LN - vid by LTC Foundation's Franklyn
ln.network
RSK - Rootstock Sidechains
RSK - vid by LTC Foundation's Franklyn
rsk.co
MAST - Smart Contracts
Inside MAST: The Little-Known Plan to Advance Bitcoin Smart Contracts
Multisig Wallets
Multisig - vid by LTC Foundation's Franklyn
If you find any errors, mistakes, have suggestions of websites, comments on the wording, or what have you, just let me know in the comments or through PM. Also, as a disclaimer: I can not confirm every website above is still active or still accepts LTC, some accept but you have to email them first. I also left all the gambling websites out because those are hard to verify their trustworthiness.
Also, feel free to cross post this anywhere you want on the internet. You can edit and create whatever medium, youtube, twitter, reddit, voat, 4chan, bloomberg post you want. Feel absolutely free to get all that sweet sweet karma for yourself.
EDIT: I'll no longer keep this list up. I'll keep updating https://redd.it/6w0khi over in litecoinmarkets so you can always link to that.
submitted by 1JoeLite1 to litecoin [link] [comments]

Some thoughts about the possible Bitcoin Segwit, Bilderberg/AXA/BockStream/Core, In-Q-Tel, CIA connection.

I noticed a lot of people mentioning Bilderberg's connection to AXA and BlockStream, recently with Jeff Berwick's two videos going viral as seen here and here. It has been something I have been trying to warn people of for a while, and if you don't know what Bilderberg is you really need to watch this excellent documentary about it. The current chairman of the Bilderberg steering committee Henri de Castries was also CEO of AXA until he announced retirement in 2016. AXA is one of the main funders of BlockStream and Bitcoin Core development. As one of the biggest insurance companies in the world AXA also benefits from the legacy too-big-to-fail bailout system, and Bitcoin is a threat to their way of life. AXA are also funding technocratic totalitarian smart cities, where they team up with governments for full control. It is not surprising that they would want to get their fingers into Bitcoin.
Now lets dig a little deeper. About 6 or 7 years ago, right before Satoshi disappeared, Gavin Andresen was invited to speak at the CIA. He got an invitation directly from In-Q-Tel the CIA's venture capitalist funding arm. Gavin mentions how In-Q-Tel reached directly out to him in this video @ 13sec mark (I am not endorsing the rest of the content of this video). In-Q-Tel basically helps fund and invest in companies that help equip the CIA with the latest information technology and capabilities. You can look on In-Q-Tel's website and see that they publicly invest in many innovative tech companies. Some of these are public, there are no crypto companies listed, but they also at times make private investments as well. Makes you wonder because they were interested enough to phone up Gavin Andresen personally and invite him for a speech, so in my opinion its highly likely they are investing somewhere in this space, and for what ends? We don't know. We do know that certain companies have captured the Core developers, and blocked common sense progress on Bitcoin, and that should be alarming.
Further evidence that shows some type of coordination between these groups comes from Peter Thiel who has recently advocated against Bitcoin as a cash system, and instead is pushing it as a settlement system, the same narrative of BlockStream Core. It may also be interesting to know that Peter Thiel has also attended Bilderberg regularly and defends Bilderberg's secretive nature. Thiel also is partnering with In-Q-Tel and the CIA with his company Palantir, which spies on everybody. It is also interesting that at least one other VC funding firm Khosla Ventures invested in BlockStream, and also in the past has helped fund other companies that are working with In-Q-Tel. This was just from some quick research, only scratching the surface.
I find these connections somewhat alarming, considering all of the community attacks I have seen going on. Its possible that some groups are trying to strangle and control and co-opt Bitcoin. It would make sense that they might try to force everyone off of the old model by jacking up fees, so users are herded onto something new in a 2nd layer solution that is more easily controlled. I believe segwit allows them to create an open door for trying to encourage Bitcoiners to move into their system, and the high fees is what they hope pushes users through that door. This is probably why we see so many attempts to move away from Satoshi's vision and the whitepaper. Its why we see such a lack of common sense to simply raise the blocksize capacity. Its why we see such draconian censorship, dirty tricks, lies, and diabolical political tactics. Ultimately I don't want to draw any final conclusions, but I feel these facts should be brought to the table for people to decide for themselves.
submitted by cryptorebel to btc [link] [comments]

[Reference] Here's a raw list of ~300 retailers that accept BCH via Gyft & eGifter. It's fun to spendl both online & in your neighborhood!

Confused? Scroll to bottom.
Gyft.com:
1-800-Baskets.com 1-800-Flowers.com 1-800-PetSupplies.com Adidas Aerie Aeropostale Allposters.com AMC Theatres American Airlines American Eagle American Frame App Store & iTunes Applebee's Aquarium Restaurants Art.com Athleta Babin's Seafood House Bahama Breeze Banana Republic Barnes & Noble Bass Pro Shops Bath & Body Works Bed Bath & Beyond® Belk Best Buy® Big Fish Seafood Bistro Bloomingdale's Boomerang Grille Brenner's Steakhouse Brinker Restaurants Brookstone Bubba Gump Shrimp Buca di Beppo Buffalo Wild Wings Build-A-Bear Workshop Burger King Burlington buybuy BABY® Cabela's Cadillac Bar California Pizza Kitchen Callaway CanvasPop Captain D's Caribou Coffee Casual Male XL Catherines CB2 Champs Sports CharityChoice Charleston's Restaurant Charley's Crab Chart House Chef'd Cheryl's Cookies Chili's Chipotle Christmas Tree Shops® andThat! Claim Jumper Cold Stone Creamery Columbia Sportswear Cost Plus World Market Crate & Barrel Crutchfield D'Angelo Darden Restaurants Dell Delta Air Lines Destination XL Domino's Dunkin' Donuts eBay EXPRESS Fandango Fish Tales Fisherman's Wharf Foot Locker FragranceNet.com Fruit Bouquet GameStop Gap Factory Gap Gilt.com Go Play Golf by Fairway Rewards Golden Nugget Google Play Great American Days Grotto Groupon Hal Smith Restaurant Hallmark Harlow's Food & Fun Hefner Grill Hollie's Flatiron Steakhouse Hollister HomeGoods Hot Topic Hotels.com Hulu IHOP JCPenney Jo-Ann Stores Kemah Boardwalk Kmart Kohl's L.L.Bean La Griglia Lady Foot Locker Landry's Landry's Seafood Lands' End Lane Bryant Legal Sea Foods Levy Restaurants Lighthouse Buffet Lobster Gram Logan's Roadhouse LongHorn Steakhouse Lord and Taylor Louie's Grill & Bar Lowe's Lucille's BBQ Macy's Magazines.com Maggiano's Little Italy Mahogany Steakhouse Mama Roja Kitchen Marshalls McCormick & Schmicks Microsoft Office 365 Home, 1-year subscription Microsoft Office 365 Personal, 1-year subscription Mitchell's Fish Market Morton's Muer Seafood NASCAR.com NFLShop.com Nike Nintendo Nordstrom Nordstrom Rack Old Navy Olive Garden Omaha Steaks On The Border One Kings Lane Overstock.com Panera Bread Papa Gino's Papa John's Pizza Peohe's Petco Pro Am Golf Rainforest Cafe Red Lobster Red Robin Red Sushi Redrock Canyon Grill Regal Cinemas River Crab/BlueWater Inn Rixty Rochester Big & Tall Romano's Macaroni Grill Rosetta Stone TOTALe Royal Caribbean Saks OFF 5TH Saltgrass Steak House San Jose Earthquakes San Luis Resort Sears Sephora Sheetz Shutterfly Simms Steakhouse SiriusXM Southwest Airlines Spa & Wellness by Spa Week SpaFinder Staples Starbucks Steak 'n Shake Stein Mart Steiner Sports Memorabilia StubHub T-Rex T.J.Maxx Target GiftCard TGI Fridays The Cheesecake Factory The Children's Place The Crab House The Flying Dutchman The Garage The Home Depot® The Oceanaire The Popcorn Factory The Red Door Salon & Spa ThinkGeek Toby Keith's Bar & Grill Tony Roma's Torrid Tower of America Uber - INCLUDING Uber Eats (food delivery from your local takeout restaurants!) Ulta Beauty Under Armour® Unleashed by Petco Uno Chicago Grill Upper Crust Pizza Vic and Anthony's Victoria's Secret Walmart Whole Foods Market Willie G's Wine Country Gift Basket Wine Enthusiast Wine.com Xbox LIVE Yak & Yeti Yard House Zappos.com 
eGifter.com
1-800-Flowers.com Abercrombie & Fitch Acorns Adidas Aerie Aeropostale Alamo Drafthouse AllPosters.com Amazon.com AMC Theaters Amella Caramels American Airlines American Eagle Outfitters American Frame Applebee's Aquarium Restaurants Athleta Babin's Seafood House babyGap Bahama Breeze Banana Republic Bar Toma Barnes & Noble Booksellers Bass Pro Shops Bath & Body Works Bed Bath & Beyond Belk Best Buy® Big Fish Restaurant BJs Restaurants Black Angus Steakhouse Bloomin' Brands Bloomingdale's Bonefish Grill Boscov's Boston Market Boxed Brenner's Steakhouse Bridge Bar Brookstone Bubba Gump Buffalo Wild Wings Build-A-Bear Burger King Burlington Coat Factory buybuy Baby Cabela's Cadillac Bar Cafe Spiaggia California Pizza Kitchen Callaway CanvasPop Captain D's Captain Morgan Club Caribou Coffee Carnival Cruise Lines Carrabbas Italian Grill Casual Male Celebrity Cruises Champs Sports Charity Choice Charleston's Restaurant Charley's Crab Chart House Restaurant Chef'D Children's Music Shop Chili's Chipotle Christmas Tree Shops Cirque du Soleil Claim Jumper Cold Stone Creamery Columbia Sportswear CrossFire Crutchfield CVS/pharmacy D'Angelo Darden Dell Delta Airlines Destination Maternity Destination XL Domino's Pizza Downtown Aquarium Dunkin' Donuts Ebay Express Facebook Game Card Fandango Fish Tales Fisherman's Wharf Fleming's Prime Steakhouse & Wine Bar Foot Locker FragranceNet.com Fulton’s Crab House Fulton’s on the River GameStop Gap Gap Options GCodes® AT&T Prepaid Plans GCodes® Verizon Prepaid Plans Gilt Go Play Golf GoCash GolfThere Googie Burger Great American Days Grotto Groupon Guitar Center Gymboree Hal Smith Restaurant Group Harlow's Hefner Grill Hollie’s Flatiron Steakhouse Hollister HomeGoods HOOCHs Hot Topic Hotels.com Hulu IHOP IMVU IndieFlix iTunes JAGEX Jake Melnick's Corner Tap JCPenney Jiffy Lube Jo-Ann Fabric JumpStart School of Dragons Karma Koin Kemah Boardwalk Kingsisle Pirate Kingsisle Wizard Kmart Kohl's Krispy Kreme La Griglia Landry's Landry's Seafood Lands' End Lane Bryant Legal Sea Foods Lobster Gram Logan's Roadhouse Longhorn Steakhouse Lord & Taylor Louie's Grill & Bar Lowe's Lucille's Smokehouse BBQ Macy's Magazines.com Maggiano's Little Italy Mahogany Prime Steakhouse Mama Roja Mexican Kitchen Marshalls McCormick & Schmick's Microsoft Office 365 Home Microsoft Office 365 Personal MobileLocate Morton's The Steakhouse Muer Seafood Restaurants NASCAR.com Superstore Neopets NetDragon Universal Nike Nintendo eShop Digital Cards Nordstrom Nordstrom Rack O'Charley's Oak Street Beach Food + Drink Old Navy Olive Garden Omaha Steaks On the Border Mexican Grill & Cantina Outback Steakhouse Overstock.com P.C. Richard and Son Panera Bread Papa Gino's Pizzeria Papa John's Peohe's Petco PetSupplies.com Portobello Princess Cruises ProAm Golf Rainforest Cafe ReallyColor Red Lobster Red Robin Red Sushi Redrock Canyon Grill Regal Entertainment Group REI Rixty ROBLOX Rochester Big & Tall Ruby Tuesday Saks OFF 5th Saltgrass Sears Sephora Sheetz Shutterfly Simms Steakhouse Simply Magazine Sirius XM Skype Sling TV Sony Playstation Southwest Airlines Spa and Wellness by Spa Week Spa Finder Spiaggia Stage Stores Staples Steak 'n Shake Stein Mart Steiner Sports Memorabilia Stitch Fix Stockpile StubHub Studio Movie Grill Swap.com T-Rex T.J.Maxx Target Texas Roadhouse TGI Fridays The Cheesecake Factory The Children's Place The Crab House The Flying Dutchman The Garage The Home Depot The Oceanaire ThinkGeek Toby Keith's I Love This Bar & Grill Tony Roma's Torrid Tower of the Americas Tracer Pix Uber - INCLUDING Uber Eats (food delivery from your local takeout restaurants!) Ulta Unlimited eBooks Uno Upper Crust Wood Fired Pizza Vic & Anthony's Vimbly Walmart Wargaming World of Tanks Wargaming World of Warships Whole Foods Willie G's Wine Country Gift Baskets Wine Enthusiast Wine.com Wolfgang Puck Grand Cafe WWE Network XBOX Xbox Live Gold Yak and Yeti Yard House 
For those who don't know, Gyft.com & eGifter.com sell gift cards online (Amazon, iTunes, BedBathBeyond, etc., like you see in the revolving rack at the corner convenience store). Both services accept BitcoinCash (via Bitpay). Instead of a plastic card, they send you a "virtual" card (an activation code). So you can buy stuff from all the stores above with BCH (& then replace your BCH so you don't later feel like you spent $500 on diapers :)
I scraped and massaged the lists from both services for you because I find it easier to refer to than browsing their sites that make you scroll through logos instead.
Many of the retailers are found on both services. Many are unique to one. The superset is probably about 300 (plus thousands of local restaurants that participate with Uber Eats).
There's a lot more than Restaurants, Starbucks & Playstore! You'll find Uber, airlines (Southwest, American, Delta), Hotels.com, XBOX, Playstation, Dell, Microsoft Office, Hulu, Ebay, Wine.com, Walmart, Target, Home Depot, CVS Pharmacy, Marshalls, Panera, Nordstrom Rack, Nike, Adidas, Zappo, Foot Locker... You can literally live on BCH now (if only there were a way to pay utilities and rent/mortgage).
You can have a super smooth experience buying a card while queuing for the register. When you tap to pay in BitcoinCash (or BTC) from the Gyft app, android prompts you to launch your wallet! The amount, fee, and receiving address is already filled in. Simply take a look to confirm and then slide to pay. In seconds (before the next register is open) the new gift card is in your Gyft app "wallet" and ready to be scanned by the cashier. You can also regift/send the gift card to a friend instead of activating/revealing the card's code.
Note that Uber credit is how you pay for Uber Eats, so an Uber gift card can not only get you around town but also bring food to your door from restaurants in your neighborhood.
Feel free to paste the lists into the weekly/monthly or any BCH updates, or to categorize it (i should have but I don't know them all). It's not my data obviously. I don't know how often the two services update the lists.
(Not sure which are limited to regions. I can confirm that Uber gift card was credited when pasted in the Uber app, in Japan, but wasn't usable for rides in Japan. The balance was perfectly usable later, in USA.)
submitted by LuxuriousThrowAway to btc [link] [comments]

Dear Brian Armstrong, You’re Choices Will Cost Me Financially!

EDIT: Coinbase has clarified that the event that they are ordered by the court to hand over buy/sell records to the IRS, they will not report movement of bitcoin out Coinbase as sale of bitcoin. There were posts that seemed to indicate that all transfers would be reported as sales. Coinbase’s has clarified that this is for your internal report generation incase you need it. It will not be reported to the IRS that way.
Brian,
Coinbase’s choice to report bitcoin transfers as taxable events, even when no sale occurred, will cost me significant amounts of money.
Like most bitcoin users, I’ve anticipated scrutiny and therefore sought to be above board in everything I’ve done. I’ve spent an average of $1200/year to have a well-respected accounting firm handle the bitcoin portion of my taxes to make sure that everything was done to the best of our abilities.
This has involved reconstructing MTGOX data after those records became inaccessible to me (I had to use the leaked database to reconstruct tax records). This has involved meticulously recording spending at gyft, newegg, overstock, etc.
The guidance we were given was that bitcoin is property. As such, I kept records as if bitcoin was property. Any time I exchanged bitcoin for dollars or in-kind trade for products (newegg for example), I’ve recorded those events and kept receipts.
Like many other early bitcoin enthusiast, I’ve also cycled through many storage solutions. I have 4 hardware wallets which have held bitcoin and some of which I’ve re-seeded. I’ve used Shamir’s secret sharing, paper wallets, co-pay’s multisig, Armory, etc. My Armory had syncing issues at the end of their development lifecycle. I had to sweep private keys and transfer to hardware wallets. To do this, I believe I did a factory reset on an android device, installed mycelium, and immediately used that device to do the sweeping. I am unaware, but doubtful, that I still have that wallet, because it was a temporary tool to transfer from one place to another.
If bitcoin is property, this would be similar to me loading folding chairs into my truck and moving them from one storage shed to another. This obviously would not be a taxable event, and therefore I am uncertain which of these actions I kept records for.
Coinbase’s decision to equate transfers with sales is a complete reversal of the IRS guidance. Coinbase’s reporting will not change IRS policy, but by reporting transfers as sales, you will be adding significant confusion to any potential audit.
The impact of your reporting is likely to cause an audit to become much more expensive. My 2013 taxes were already on the order of 60 pages long (I’m an employee with W2 wages, so my taxes would normally only be a few pages long).
The confusion you are adding may cause me to have to reconstruct even more records, many of which may only be partial, simply because moving property from one storage location to another is not a taxable event, and therefore I will only have partial records. I should be able to reconstruct end points, but again this may only be partial.
As someone who had tried to be as above board as possible, if you equate transfers as sales and report them to the IRS as such, you will significantly increase the complexity and cost of any audit I may face. In fact, you’re almost certainly likely to cause an audit because your records will no longer match my records.
Of course, I can always explain to an auditor that nature of bitcoin, and I’m sure my accountant will argue that we’ve taken all the necessary steps for reporting the purchase and sale of property, but your decision already puts us in a defensive position and we’ll be arguing in an uphill battle. I can only imagine that the auditor says “But Coinbase said you sold those bitcoin!”
I have no idea what an audit could cost me. I already anticipated a likelihood that I would get audited, but at minimum your company’s decisions will significantly increase the complexity and cost of my audit.
Furthermore, if you’re companies position was that you were going to report transfers as sales, I would have possibly treated your wallet much differently. I’ve been asked multiple times when transferring out of Coinbase to check a box is I own the destination wallet. What was the purpose of this box? I had almost no regard for price movements when transferring out of Coinbase because I assumed they were not taxable events. As we all know, bitcoin is extremely volatile. Sometimes I leave funds in there for a few months before transferring to cold storage. Why? Because your company has great security and I wasn’t worried about them sitting in your custody for a few months.
Had I known these would be reported by you as taxable events (which I do not believe they are), I may have considered price movements, end of the year timelines, etc. I don’t know what decisions I would have made differently, but the point is that your company appears to have been recording transfers as sales, while most in the bitcoin and accounting world were assuming something else. This loss of information on your customer’s account will potentially cost them money.
The fix is simple. Report purchases and sales to the IRS in whatever form the courts order you to. But your company needs to make a distinction between taxable events and movement of property!
With Regards, Coinbase Customer
submitted by foolish_austrian to Bitcoin [link] [comments]

Monero Subreddit Stats from last year.

Submissions Comments
Total 994 49530
Rate (per day) 2.73 135.74
Unique Redditors 582 8080
Combined Score 161184 231580

Top Submitters' Top Submissions

  1. 5300 points, 33 submissions: dEBRUYNE_1
    1. Monero GUI 0.12.0.0 "Lithium Luna" Megathread - Download links, instructions for upgrading, guide on how to get started, and guides to resolve common issues (missing a transaction / zero balance, freezing / buggy GUI, transaction stuck as pending, and GUI using all bandwidth) (386 points, 833 comments)
    2. [Reminder] monero is not the appropriate place to discuss the BTC/BCH debate (319 points, 73 comments)
    3. General information regarding the upcoming scheduled network upgrade and a call for community action (305 points, 223 comments)
    4. GUI v0.12.2.0 released! (299 points, 243 comments)
    5. Announcement - Proof-of-Work tweak and a note on key reuse (295 points, 250 comments)
    6. GUI v0.12.3.0 (with direct Ledger support) released! (280 points, 386 comments)
    7. Bitfinex reduces Monero withdrawal fees from 0.04 to 0.0001 XMR! (272 points, 9 comments)
    8. Poloniex also reduces Monero withdrawal fees to 0.0001 XMR! (220 points, 17 comments)
    9. Preliminary information thread regarding the scheduled protocol upgrade of October 18 (214 points, 208 comments)
    10. CLI v0.12.3.0 released! (195 points, 78 comments)
  2. 4228 points, 24 submissions: OsrsNeedsF2P
    1. Saying you don't need privacy because you have nothing to hide is like saying you don't need free speech because you have nothing to say. It's a right to everyone - It's a right to you, me, and even Mark Zuckerberg. (581 points, 138 comments)
    2. The official Fortnite Merch Store is accepting exclusively Monero as a cryptocurrency payment option... (445 points, 80 comments)
    3. Can we stop being assholes to newbies? (359 points, 94 comments)
    4. With all this Monero "is less untraceable than previously thought" FUD, let's all remember that huge fucking bounty of $$$ for anyone who can trace the origin of one of the devs transactions.. (343 points, 131 comments)
    5. Ever wanted to know how Monero is still around today? Well now you don't have to! This post has it all =D (297 points, 66 comments)
    6. Coinmarketcap shows Freewallet as a Monero wallet. Guys, whatever you do.. Don't use Freewallet. It's a scam. (286 points, 93 comments)
    7. SEC wants decentralized exchange creators to register as exchanges. Lol (182 points, 111 comments)
    8. "Please do your part in demanding exchanges to lower their XMR withdraw fee. I am submitting a complaint to Coinex who currently charge 0.04 XMR" - [x-post from /xmrtrader] (169 points, 43 comments)
    9. Can we get some appreciation for the people who maintain the Monero packages on Arch Linux? There are so many available, and every single one I've checked either make the package from source or validate the checksum. Amazing work <3 (156 points, 19 comments)
    10. [WARNING] DROPIL recently made a post announcing support for Monero. MOVE YOUR FUNDS if you used them!!! (119 points, 5 comments)
  3. 3954 points, 13 submissions: KnifeOfPi2
    1. Did John McAfee just sell all of his Monero?? (1277 points, 107 comments)
    2. We need to stop thinking about Monero as a “privacy coin.” (511 points, 200 comments)
    3. Selsta and I just completed the first Ledger-to-Ledger mainnet transactions ever. He sent me 0.1 XMR and I sent 0.4 XMR back. (482 points, 103 comments)
    4. Monero network hashrate just hit 1GH/s! (463 points, 166 comments)
    5. An upcoming Monero project: Render the entire blockchain. Here's a selection of blocks that we've done so far, in an early stage. (224 points, 31 comments)
    6. In Stunning Move, Bitmain Announces It's Launching A Doorstopper Business (193 points, 48 comments)
    7. Another red flag for X Wallet: The source code is incomplete. (190 points, 63 comments)
    8. MONERO IS DEAD! LONG LIVE MONERO! (155 points, 25 comments)
    9. Lithium Luna GUI released! (118 points, 66 comments)
    10. Cake Wallet - introducing Zendesk support! (100 points, 13 comments)
  4. 2421 points, 22 submissions: SamsungGalaxyPlayer
    1. Kasisto POS in 22 seconds (366 points, 76 comments)
    2. "Kudelski Security completed their [bulletproof] report. They found only a few minor issues that are trivial to correct, and no major issues." Overall, a huge win for Monero, bulletproofs, and privacy. Full report will be published soon. (338 points, 100 comments)
    3. Network upgrade scheduled for block 1544555 on 28 March (210 points, 56 comments)
    4. Fungibility is determined by the LOWEST common denominator of privacy, NOT the highest. Monero absolutely excels here. (103 points, 37 comments)
    5. [Discussion] Move to a Fixed Ringsize (102 points, 85 comments)
    6. The Monero Malware Response workgroup website is up! Direct people whose machines have been compromised here! (101 points, 22 comments)
    7. MoneroV: A Trap Laid for Monero Users? (93 points, 45 comments)
    8. Want to get the GUI point release faster? Help translate! (91 points, 18 comments)
    9. Introducing the Breaking Monero Series! (86 points, 26 comments)
    10. ShapeShift is moving to a membership model and will require personal information soon (83 points, 86 comments)
  5. 2295 points, 16 submissions: pinkphloid
    1. Cake Wallet - OPEN SOURCE - Here it is! (383 points, 167 comments)
    2. Our Monero wallet called CAKEWALLET for iOS is live! Please check the link to the Apple App Store below. (347 points, 379 comments)
    3. [MANDATORY UPDATE] Cake Wallet Version 3.0.9 - Network Upgrade Ready! (227 points, 19 comments)
    4. [UPDATE] Cake Wallet version 3.1.4, now with XMR.TO for exchanging XMR to BTC! (133 points, 15 comments)
    5. Cake Wallet - 10,000 unique downloads! (132 points, 29 comments)
    6. Thank for the positive feedback on Cake Wallet! (127 points, 62 comments)
    7. The new Cake Wallet Update version 3.0.1 is out now! (120 points, 50 comments)
    8. [UPDATE] CAKE WALLET 3.1.1 with Monero v0.13.0.4 and other stuff (118 points, 32 comments)
    9. Cake Wallet - UPDATE! (108 points, 75 comments)
    10. CAKE WALLET - new version live now with NEW FEATURES! (102 points, 97 comments)
  6. 2042 points, 16 submissions: Rehrar
    1. Core Team Announcement (344 points, 45 comments)
    2. Project FOSS (212 points, 37 comments)
    3. Write down your seed (200 points, 93 comments)
    4. Bulletproof audit needs some more funding. Details in the comments. (170 points, 55 comments)
    5. Extremely thorough introduction to Monero by cypherperro. Take a look. (122 points, 18 comments)
    6. Defcon Monero Village Update and Summary (116 points, 22 comments)
    7. MRL Bulletproof audit FFS request (115 points, 30 comments)
    8. I, rehrar,went on a YouTube show to talk about Morono (113 points, 28 comments)
    9. Fund the fundings! (107 points, 16 comments)
    10. The anonimal appreciation thread! (107 points, 21 comments)
  7. 1978 points, 15 submissions: Vespco
    1. Edward Snowden on Bitcoin Interview 2018 (at 50 minutes, he says that a traceable public ledger is a bigger problem then scalability) (362 points, 88 comments)
    2. Putting this on my invoices seems like a good way for me to promote Monero, give my customers a discount, & help me acquire more Monero. (325 points, 101 comments)
    3. It's fun to be a part of the Monero economy! (179 points, 26 comments)
    4. Honest Government Ad | Anti Encryption Law (178 points, 32 comments)
    5. Jeez, not much real conversation in here. Just junky news links. (129 points, 76 comments)
    6. The New York State Department of Financial Services just approved the trading of privacy-protecting cryptocurrency. | Coin Center (124 points, 11 comments)
    7. A good way to explain the importance of fungibility to the laymen: Bitcoin Roulette (99 points, 45 comments)
    8. Why I love Botnet & Browser Mining. (86 points, 39 comments)
    9. This needs more praise & attention: An Open Source, Client Side JS implementation that makes monero multisig fairly easy. Github link in comments. (82 points, 14 comments)
    10. Could we get even more cryptographers researching for Monero? (77 points, 31 comments)
  8. 1846 points, 14 submissions: SarangNoether
    1. Bulletproofs: let's raise some funds! (295 points, 94 comments)
    2. January monthly report from Sarang Noether (237 points, 39 comments)
    3. Bulletproofs: The Paper Strikes Back (153 points, 32 comments)
    4. July monthly report from Sarang Noether (142 points, 20 comments)
    5. March monthly report from Sarang Noether (129 points, 22 comments)
    6. August monthly report from Sarang Noether (122 points, 33 comments)
    7. February monthly report from Sarang Noether (119 points, 27 comments)
    8. Sarang is up for three more months! (107 points, 30 comments)
    9. October monthly report from Sarang Noether (102 points, 26 comments)
    10. September monthly report from Sarang Noether (99 points, 25 comments)
  9. 1470 points, 4 submissions: TheFuzzStone
    1. "I do not have any Bitcoin" (1182 points, 96 comments)
    2. Fluffypony at Consensus 2018 (134 points, 33 comments)
    3. Time for Monero "killers"! :-) (91 points, 34 comments)
    4. XMR.RU-report (March) (63 points, 14 comments)
  10. 1468 points, 5 submissions: philkode
    1. Overstock.com accepting Monero (and ETH, BCH, LTC, DASH) (499 points, 36 comments)
    2. Happy 4th Birthday Monero! 🎂🎉🎁 (455 points, 62 comments)
    3. Monero has been added to Debian unstable repo as of yesterday. (321 points, 52 comments)
    4. “Unhackable” BitFi wallet just got hacked (xpost /cryptocurrency) (130 points, 41 comments)
    5. X Wallet to App Store (Soon™) (63 points, 67 comments)

Top Commenters

  1. dEBRUYNE_1 (3762 points, 1243 comments)
  2. KnifeOfPi2 (3311 points, 347 comments)
  3. OsrsNeedsF2P (3189 points, 505 comments)
  4. fluffyponyza (3027 points, 272 comments)
  5. gingeropolous (2554 points, 320 comments)
  6. cryptochangements34 (2522 points, 261 comments)
  7. SarangNoether (2269 points, 185 comments)
  8. SamsungGalaxyPlayer (2108 points, 221 comments)
  9. john_alan (1993 points, 218 comments)
  10. smooth_xmr (1944 points, 279 comments)

Top Submissions

  1. Did John McAfee just sell all of his Monero?? by KnifeOfPi2 (1277 points, 107 comments)
  2. Paypal shares your personal data with over 600 companies! That's why we need Monero! by 0xf3e (1184 points, 146 comments)
  3. "I do not have any Bitcoin" by TheFuzzStone (1182 points, 96 comments)
  4. Found In Warsaw - Don't Buy Monero: Cryptocurrencies harm the banking system and can weaken the government by SecretApe (1114 points, 110 comments)
  5. Monero transactions are about to get 80% cheaper and faster. by WillMTB (1056 points, 120 comments)
  6. Bye bye ASICs by Swericor (874 points, 380 comments)
  7. Upvote if you would like to see @fluffyponyza as a guest on Joe Rogan Podcast by xmr_karnal (840 points, 44 comments)
  8. All right, my cat had kittens and I just realised one of them has Monero-like logo on its head 😂😂 by JNKO266 (817 points, 79 comments)
  9. Credit, where credit is due! by Experts-say (796 points, 53 comments)
  10. Yesterday I thought it might be fun to create some vintage crypto posters for a handful of coins. This was the first one I came up with. Bonus points if you spot similarities from an old movie by Beemoe4 (722 points, 67 comments)

Top Comments

  1. 495 points: mr670wl's comment in Found In Warsaw - Don't Buy Monero: Cryptocurrencies harm the banking system and can weaken the government
  2. 474 points: kieranc001's comment in Monero Zero looks like a scam, can you please confirm?
  3. 380 points: deleted's comment in Found In Warsaw - Don't Buy Monero: Cryptocurrencies harm the banking system and can weaken the government
  4. 356 points: deleted's comment in Ledger Hardware Wallet - Monero integration : some news #6
  5. 331 points: last_of_the_romans's comment in Monero transactions are about to get 80% cheaper and faster.
  6. 323 points: svenroy777's comment in "I do not have any Bitcoin"
  7. 311 points: deleted's comment in Did John McAfee just sell all of his Monero??
  8. 255 points: KnifeOfPi2's comment in Monero transactions are about to get 80% cheaper and faster.
  9. 237 points: live9free1or1die's comment in Banning privacy coins because of terrorism/drugs/laundering is like banning people from being allowed to have sex in privacy because pedophiles also like privacy.
  10. 203 points: fluffyponyza's comment in Botnets are Ruining the Integrity of the Monero Network
Generated with BBoe's Subreddit Stats (Donate)
Inspired by a post I found on /Pivx by turtleflax.
submitted by OsrsNeedsF2P to Monero [link] [comments]

Cryptocurrency: Is It Still Alive or Dying? Part 2.

Cryptocurrency: Is It Still Alive or Dying? Part 2.
Part 2. Political and Economic Trends in Favor of the Cryptocurrency Market Development

In the first part of the story we showed that the cryptocurrency market crash in 2018 and the beginning of its recovery in 2019 fit well into the general patterns of the financial bubbles’ development, and also repeat pretty well the Bitcoin dynamics of 2014-2016. But besides the analogies with other bubbles, there are a lot of other arguments in favor of the global growth of the market, among which are the political and economic trends of the recent years.

Relaxation of the Political Climate around the Cryptoassets

The entire year of 2017 has witnessed heated discussions as to the legal status of the digital assets. One of the central events of the year was their legalization in Japan in April. Precisely this legalization, according to many, spurred a dramatic growth of the cryptocurrency market in May (especially, altcoins). But the majority of other countries during this period held more skeptical positions.

The U.S. government on several occasions refused to register bitcoin-ETF - exchange-traded funds, the price of shares in which would repeat the price of BTC. The U.S. government also extremely tightened the conditions of the ICO procedure, while some countries, such as China and South Korea - have banned it completely. Certain countries, such as Indonesia and Salvador, have banned cryptocurrencies to the extent of criminal responsibility.

A number of countries, including Russia, have adopted a cautious wait-and-see attitude, regularly promising to impose restrictions of varying severity, but not hurrying to sign it into law.

A turning point on the way to the global recognition of the cryptocurrency was the beginning of trading the Bitcoin futures at the Chicago exchanges (CME) (the world’s largest stock exchange in terms of turnover) and CBOE in December of 2017. That is when the American government admitted openly that cryptocurrencies are now to be reckoned with. With the beginning of this trade, the powerful financial circles of the USA, whose opinion cannot be ignored by the political leadership, became interested in the development of the cryptocurrency market.

Chicago Mercantile Exchange, CME – the world leader in terms of trade volume

In 2018, the following paradox became obvious: even if over the longer term cryptocurrencies are dangerous for the modern political system (tied up in the central banks and the currency exchange regulation), the countries that will be the first to prohibit them will be most affected along with those countries that will simply overdo stirring up negative attitude. Those countries that will settle on legalization will benefit. The drain of brains and capitals will be directed to these countries from the more repressive or unpredictable countries. A typical example of that - Crypto Project GRAM of the Russian businessman Pavel Durov, whose ICO in 2018 reached a record amount, but it was carried out in USA, and not in the legislatively uncertain Russian Federation.

The experience of the countries that have legalized the cryptocurrencies, proved successful both from the financial standpoint, and from the perspective of the international prestige. They proved themselves to be open to the progress and new freedoms. In addition to Japan, Switzerland is especially noteworthy here, because it legalized cryptocurrencies as early as in 2016, but the most brilliantly announced about itself in 2018, when its banks began to introduce cryptocurrency services one after another. Among the innovator banks there was even a Swiss subsidiary of the Russian Savings Bank (Sberbank). The very expression “Swiss bank” became a synonym of not only high reliability, but also innovation.
A milestone event of 2018 was legalization of cryptocurrencies in Germany – the leading economy of the European Union. Rather liberal measures relative to the cryptocurrencies are being applied today in Czechia, Sweden, Canada, Denmark, Australia, Estonia, Norway, Finland, and a number of other countries.

“Legalization parade” has shown: the politicians with repressive attitudes cannot count on the global ban of the cryptocurrencies (which seemed theoretically possible in 2016-2017). Economically developed countries made an obvious choice: “if you cannot stop the process – become its leader”. And precisely in these countries the maximum capitals are being circulated, and the market situation depends precisely on their business activity.

Explosive Growth of the Retail Use of Cryptocurrencies
Despite obvious popularization of cryptocurrencies, there is still a myth that they are purely investment and speculative instrument, which, even if used as a payment method – only in the dark net, and as a means of payment for illegal commodities. But this is not the case today. As far back as 2013-2015, legal services accepting bitcoin emerged, and in 2016-2018 their market has undergone explosive growth.

The pioneers of the cryptocurrency market of goods and services in 2013, were, for example, Virgin Galactic – space tourism company, Victoria’s Secret lingerie company, Shopify - a supplier of software for the online stores. In 2014, the cryptocurrency was adopted by the Overstock online store, Expedia tourism service, Zynga – operator of the online games, the software monster Microsoft and many others. Some of these companies considerably went up due to the innovations: for example, the shares of Shopify and Overstock have increased in price several-fold since then.

As of today, the cryptocurrency is accepted by hundreds of large companies and thousands of small ones, while the range of their products is approaching the one in a traditional economy. The most popular categories of the goods for the cryptocurrency in the large famous companies are tourism and air tickets (Expedia), software and games (Microsoft, Shopify, Zynga, Steam), clothing and other consumer goods (Victoria’s Secret, Overstock.com, Rakuten), as well as food products (Subway, KFC, Burger King – in Russia). As an example, Playboy erotic products, premium accounts of the 4chan.org and reddit.com forums, Bloomberg.com business news, automobiles in the Czech show room Alza and many other goods can be also purchased for cryptocurrency.

A number of well-known companies, although they prefer traditional payments, nevertheless allow crypto payments through the intermediary services, such as gyft.com (trading with the card Gyft for BTC). For example, Ebay online store, Wallmart supermarket chain, Starbucks restaurants, Uber taxi service, etc. The turnover of gyft.com is evaluated in the amount of 25 million dollars with only 38 employees.
Small start-up companies often use ready-made multicurrency gateways such as coinpayments.net. It supports dozens of currencies, and hosts about 400 companies. In addition to mainstream, it contains a lot of specialized commodities. For example, crypto-armory.com sells cartridges, francvila.com – Swiss watches, directvoltage.com - 3D-printers, electric motors, CNC machines, etc. Some new stores not only accept cryptocurrencies, but also purposely give up fiat currency. For example, crypto-armory.com, explaining their refusal from fiat currency, state both ideological, and narrow pragmatic reasons. In the opinion of the owners of the store, it is easier to accept cryptocurrency payments both technically and legally.

Cartridges from the cryptocurrency store crypto-armory.com
An important trend of 2017-2018, in addition to the general growth of the commodity market - re-orientation of the stores to the multi-currency payments. Whereas previously most of them accepted only BTC, now a sign of good manners is to accept also LTC, ETH, XMR and at least several more currencies.

Thus, while the politicians were solving the problem in the manner “not possible to allow - disallow”, a vast market of commodities for cryptocurrency spontaneously emerged on the Internet. Some of its participants have multibillion capitalizations. This market is very international. The majority of commodities and services can be bought even from Russia and other countries, where cryptocurrency is not legal as an internal payment instrument, but is not prohibited as such. Today, it is hard to imagine a consumer good, which cannot be bought for cryptocurrency.

The Latest Trend – Support of Cryptocurrencies by Smartphones

The first smartphone with a cryptocurrency wallet was HYPERLINK "https://bitcryptonews.ru/blogs/sravnenie-blokchejn-smartfonov-exodus-1-i-finney"HTC Exodus 1, released in the autumn of 2018. Then, a crypto smartphone HYPERLINK emerged "https://bitcryptonews.ru/blogs/obzor-kriptosmartfona-finney"Finney. And in March of 2019, the baton was unexpectedly picked up by the smartphone from the major South Korean company, Samsung - Galaxy S10. And although Samsung refrained from the direct embedding of the cryptocurrency wallet into the standard supply set, a brand wallet of Samsung can be installed from the Galaxy Store.

Galaxy S10 – the first smartphone from Samsung with cryptocurrency support

On the part of crypto enthusiasts, there are a number of claims to Samsung initiative, among which – the lack of bitcoin support (BTC). At the moment, Samsung Blockchain Wallet supports only Ethereum (ETH) and ERC-20 standard currencies and tokens created on its basis:
Basic Attention Token (BAT), Chainlink (LINK), BinanceCoin (BNB), True USD (TUSD), USD Coin (USDC), Paxos Standard (PAX) and others.

Anyway, from a political and PR perspective, the emergence of Galaxy S10 is a great event.

First of all, smartphone can attract to the cryptocurrency market new people who have greater confidence in the famous brand, than in the traditional bulky cryptocurrency wallets. Now, many people are frightened away from the cryptocurrencies only by technical difficulties, whereas smartphones on many occasions have proved their ability to promote to the masses those things, which previously seemed to be very complex.
Secondly, this step of Samsung is a clear signal both to the domestic and foreign governments: big business is on the side of the new technologies. South Korea has a reputation of a country not very friendly to cryptocurrencies, however, its business giant publicly demonstrated another attitude.
Thirdly, the initiative of Samsung with a high degree of probability will be emulated by other leading producers of communication devices. Thus, shortly after the release of Galaxy S10, there appeared a news that a cryptocurrency wallet will soon be available in iOS Opera Touch, which means that cryptocurrencies can be also stored in iPhone of Apple.
All this creates excellent prerequisites both for the world legalization of the cryptocurrencies, and for the growth of the market due to the increase of the number of users.

Conclusion
Thus, despite the “roller coaster” of the cryptocurrency exchange rates, some fundamental processes have developed steadily in the same direction in the recent years: expansion of the commodity market for cryptocurrency, increase in the number of countries with a liberal attitude to cryptocurrencies, adoption of cryptocurrencies as a strategic technology by more and more industrial giants. The total number of individuals who tried to work with the cryptocurrencies grows steadily, while the new technological trends (in particular, crypto smartphones), can additionally accelerate this growth.

The only thing that can seriously damage a cryptocurrency market is its global ban, but it seems to be unlikely. Right now there are about 40 million bitcoin wallets on earth. It is believed that on average their number is doubled annually, which means that within 5 years it can reach a billion. And if now a global ban on cryptocurrencies is unrealistic due to their profitability for the developed countries, by that time their prohibition will become impossible almost physically.

In the first part of the story we had put forward the arguments as to why the investors need not fear the bubble of 2017-2018: in the end, the bubble showed not so much the riskiness of the crypto investments, but rather their long-term prospects. Today we described political and economic events, which have occurred in parallel “behind the scenes”, and in which there were no “drops” – only progressive development toward the construction of the crypto economy. And in the next, third part, we will try to describe in detail specific financial reasons of the collapse and recovery of the market in 2018-2019.

Analytical department, Trident company, Victor Argonov, Candidate of Physical and Mathematical Sciences.
Source:http://trident-germes.com/
https://www.facebook.com/Germes.mining.robot/
submitted by TridentGermes to u/TridentGermes [link] [comments]

How to prepare for winning

PAYPAL
I'm not sure why the previous winner decided not to use his real paypal, maybe trying to remain anon, maybe trying to not pay taxes, maybe trying to hide money from his spouse/parents or maybe an international fugitive, who knows.
The fact is, paypal doesn't like anon people collecting lots of cash fast, to be fair, they don't like verified people getting a lot of cash fast either, unless they're getting their cut. So here's a couple things you can do to try and keep paypal from freezing your account and taking your money.
Here's how to add an email address to paypal. Go to gmail/yahoo/wherever and make a new email with a different, very secure password.
Once you have a nice new email with a secure password, go to paypal and login. Under "Settings", you'll see "Email", hit the + button and add that new email address you just created. They'll send you an email to verify your address, go and click it. There you go, verified email address that (hopefully) has not been used by you anywhere else.
CHANGETIP
Ok, so this is a bit simpler if you're in the US. Changetip has a "Buy Bitcoin" button under "My Money" that will use ACH with most major banks. Unfortunately not many credit unions or smaller banks though. So to buy bitcoin on coinbase or circle, you need to set up an account and verify yourself. These are US regulated companies who have to follow the laws, so they need to verify you just like you had to verify with paypal. The verification process is fairly easy, and not much different than paypals (although I haven't done paypal in years, so I'm not sure what it's like now).
The concern most people have is that circle/coinbase could be scam sites, or like that other site in japan that stole all the bitcoin got hacked, etc. The difference is, these sites are US based and licensed as money transmitters AND have a lot of financial/venture capital backing behind them. They are just like paypal, except they deal with bitcoin and not ebay.
Sadly, I do not know similar sites to coinbase/circle for outside the US.
BITCOIN
I'd suggest reading up on bitcoin if you want to delve into making your own wallet and maintaining it yourself. There is a lot of info in /bitcoinbeginners
A basic online wallet can be made at Blockchain, you can use your wallet on coinbase or you can download a bitcoin wallet program and do it all on your computer. A bitcoin address looks like 14KShuxFUM7PsHKYfPA9Rnkv6P213Wm8UH and is a specific address to your wallet. (You can send me coins there if you'd like lol)
SPENDING BITCOIN
But I want cash, dollars, no one takes magic internet money....
If you have bitcoin, changing it into something real and physical in your hands can be done in as little as an hour. The secret is Gyft. Go make an account, download the app to your phone and you can have a gift card in your hands in no time. They even give a 3% discount for using bitcoin. You scroll thru gyft, find the card you want, select an amount and pay with bitcoin. A popup will come up, with an address to send the bitcoin to. You send the bitcoin from your wallet, and the gift card is added to your gyft account. You open your app on your phone, and you have the card in hand ready for you to go shopping.
Alternatively, if you want cash, and don't want to worry about fluctuations in price, send your changetip btc to your coinbase/circle wallet, and select "Sell". You can send the cash to your bank account via ACH and it only takes a day or two. No worrying about the btc price crashing, no worrying about someone stealing your coins, cash out in a day or two with money in bank.
There are also more and more websites that accept bitcoin directly, from overstock to newegg. So you could just keep a hot wallet (think of it as cash you keep in your pocket) and buy with btc directly if you don't want to bother converting it.
Now, I will warn you, SOME banks have issues with bitcoin/coinbase, SOME banks may warn you about doing transactions with bitcoin/coinbase, and SOME banks may go so far as to threaten your account if you continue using bitcoin. So you can decide if you want to cash out to your bank, spend it on gyft, hold it or open a credit union account and cash out that way.
REDDIT
While you're at it, change your reddit password too. As nice as this community is, there will be someone trying to steal from you, don't make it easy for them.
Edit:
GOOGLE WALLET
Yes I forgot this one, simply because I never use it. I don't remember how I set it up, but it should be fairly straight forward since I already had an account.
When you sign in using your main google account, you can go to the Settings tab, and Verify your identity. I just did this, had to put in my legal name and address as well as birthday and last 4 of ssn. Had me verified in under 1 minute. Since I never use Google Wallet, I had to search for how to accept payments, and this is what I found. Doesn't look too different than any of the other options so it should be pretty simple to setup, simply give your email address and people can email money.
The one thing I can't find however, is how to either add or mask your email address. Personally I wouldn't want my gmail account used as it is tied to my google identity, which is also tied to my google plus thing I had to setup. I'm sure there has to be a way to set it up with an alternate email address. If anyone knows I'll add it in as an edit later.
Last points
As pointed out by bealhorm
You'll have friends/family coming out of the woodwork asking for handouts and getting mad at you if you don't give them what they ask for. It's not going to be a million bucks (maybe???) so take care of yourself first. Catch up on your bills, take a vacation, pay off a loan or two, or just blow it on hookers and blow. If you want to give some away then go ahead, but do it as a gift because you want to, and not because you're given a guilt trip for not helping out that person you haven't heard from in 5 years. No one has to know you got a few thousand dollars in your bank account but you.
As jermseatsbrains pointed out, you may want to write down your new passwords somewhere safe, as that would really suck to be super secure with all new passwords and not be able to login and access your winnings...
submitted by acooln to millionairemakers [link] [comments]

Cryptocurrency: Is It Still Alive or Dying? Part 2

Cryptocurrency: Is It Still Alive or Dying? Part 2
Cryptocurrency: Is It Still Alive or Dying?
Part 2. Political and Economic Trends in Favor of the Cryptocurrency Market Development

In the first part of the story we showed that the cryptocurrency market crash in 2018 and the beginning of its recovery in 2019 fit well into the general patterns of the financial bubbles’ development, and also repeat pretty well the Bitcoin dynamics of 2014-2016. But besides the analogies with other bubbles, there are a lot of other arguments in favor of the global growth of the market, among which are the political and economic trends of the recent years.

Relaxation of the Political Climate around the Cryptoassets

The entire year of 2017 has witnessed heated discussions as to the legal status of the digital assets. One of the central events of the year was their legalization in Japan in April. Precisely this legalization, according to many, spurred a dramatic growth of the cryptocurrency market in May (especially, altcoins). But the majority of other countries during this period held more skeptical positions.

The U.S. government on several occasions refused to register bitcoin-ETF - exchange-traded funds, the price of shares in which would repeat the price of BTC. The U.S. government also extremely tightened the conditions of the ICO procedure, while some countries, such as China and South Korea - have banned it completely. Certain countries, such as Indonesia and Salvador, have banned cryptocurrencies to the extent of criminal responsibility.

A number of countries, including Russia, have adopted a cautious wait-and-see attitude, regularly promising to impose restrictions of varying severity, but not hurrying to sign it into law.

A turning point on the way to the global recognition of the cryptocurrency was the beginning of trading the Bitcoin futures at the Chicago exchanges (CME) (the world’s largest stock exchange in terms of turnover) and CBOE in December of 2017. That is when the American government admitted openly that cryptocurrencies are now to be reckoned with. With the beginning of this trade, the powerful financial circles of the USA, whose opinion cannot be ignored by the political leadership, became interested in the development of the cryptocurrency market.
Chicago Mercantile Exchange, CME – the world leader in terms of trade volume

In 2018, the following paradox became obvious: even if over the longer term cryptocurrencies are dangerous for the modern political system (tied up in the central banks and the currency exchange regulation), the countries that will be the first to prohibit them will be most affected along with those countries that will simply overdo stirring up negative attitude. Those countries that will settle on legalization will benefit. The drain of brains and capitals will be directed to these countries from the more repressive or unpredictable countries. A typical example of that - Crypto Project GRAM of the Russian businessman Pavel Durov, whose ICO in 2018 reached a record amount, but it was carried out in USA, and not in the legislatively uncertain Russian Federation.

The experience of the countries that have legalized the cryptocurrencies, proved successful both from the financial standpoint, and from the perspective of the international prestige. They proved themselves to be open to the progress and new freedoms. In addition to Japan, Switzerland is especially noteworthy here, because it legalized cryptocurrencies as early as in 2016, but the most brilliantly announced about itself in 2018, when its banks began to introduce cryptocurrency services one after another. Among the innovator banks there was even a Swiss subsidiary of the Russian Savings Bank (Sberbank). The very expression “Swiss bank” became a synonym of not only high reliability, but also innovation.

A milestone event of 2018 was legalization of cryptocurrencies in Germany – the leading economy of the European Union. Rather liberal measures relative to the cryptocurrencies are being applied today in Czechia, Sweden, Canada, Denmark, Australia, Estonia, Norway, Finland, and a number of other countries.

“Legalization parade” has shown: the politicians with repressive attitudes cannot count on the global ban of the cryptocurrencies (which seemed theoretically possible in 2016-2017). Economically developed countries made an obvious choice: “if you cannot stop the process – become its leader”. And precisely in these countries the maximum capitals are being circulated, and the market situation depends precisely on their business activity.

Explosive Growth of the Retail Use of Cryptocurrencies

Despite obvious popularization of cryptocurrencies, there is still a myth that they are purely investment and speculative instrument, which, even if used as a payment method – only in the dark net, and as a means of payment for illegal commodities. But this is not the case today. As far back as 2013-2015, legal services accepting bitcoin emerged, and in 2016-2018 their market has undergone explosive growth.

The pioneers of the cryptocurrency market of goods and services in 2013, were, for example, Virgin Galactic – space tourism company, Victoria’s Secret lingerie company, Shopify - a supplier of software for the online stores. In 2014, the cryptocurrency was adopted by the Overstock online store, Expedia tourism service, Zynga – operator of the online games, the software monster Microsoft and many others. Some of these companies considerably went up due to the innovations: for example, the shares of Shopify and Overstock have increased in price several-fold since then.

As of today, the cryptocurrency is accepted by hundreds of large companies and thousands of small ones, while the range of their products is approaching the one in a traditional economy. The most popular categories of the goods for the cryptocurrency in the large famous companies are tourism and air tickets (Expedia), software and games (Microsoft, Shopify, Zynga, Steam), clothing and other consumer goods (Victoria’s Secret, Overstock.com, Rakuten), as well as food products (Subway, KFC, Burger King – in Russia). As an example, Playboy erotic products, premium accounts of the 4chan.org and reddit.com forums, Bloomberg.com business news, automobiles in the Czech show room Alza and many other goods can be also purchased for cryptocurrency.

A number of well-known companies, although they prefer traditional payments, nevertheless allow crypto payments through the intermediary services, such as gyft.com (trading with the card Gyft for BTC). For example, Ebay online store, Wallmart supermarket chain, Starbucks restaurants, Uber taxi service, etc. The turnover of gyft.com is evaluated in the amount of 25 million dollars with only 38 employees.
Small start-up companies often use ready-made multicurrency gateways such as coinpayments.net. It supports dozens of currencies, and hosts about 400 companies. In addition to mainstream, it contains a lot of specialized commodities. For example, crypto-armory.com sells cartridges, francvila.com – Swiss watches, directvoltage.com - 3D-printers, electric motors, CNC machines, etc. Some new stores not only accept cryptocurrencies, but also purposely give up fiat currency. For example, crypto-armory.com, explaining their refusal from fiat currency, state both ideological, and narrow pragmatic reasons. In the opinion of the owners of the store, it is easier to accept cryptocurrency payments both technically and legally.

Cartridges from the cryptocurrency store crypto-armory.com
An important trend of 2017-2018, in addition to the general growth of the commodity market - re-orientation of the stores to the multi-currency payments. Whereas previously most of them accepted only BTC, now a sign of good manners is to accept also LTC, ETH, XMR and at least several more currencies.

Thus, while the politicians were solving the problem in the manner “not possible to allow - disallow”, a vast market of commodities for cryptocurrency spontaneously emerged on the Internet. Some of its participants have multibillion capitalizations. This market is very international. The majority of commodities and services can be bought even from Russia and other countries, where cryptocurrency is not legal as an internal payment instrument, but is not prohibited as such. Today, it is hard to imagine a consumer good, which cannot be bought for cryptocurrency.

The Latest Trend – Support of Cryptocurrencies by Smartphones

The first smartphone with a cryptocurrency wallet was HYPERLINK "https://bitcryptonews.ru/blogs/sravnenie-blokchejn-smartfonov-exodus-1-i-finney"HTC Exodus 1, released in the autumn of 2018. Then, a crypto smartphone HYPERLINK emerged "https://bitcryptonews.ru/blogs/obzor-kriptosmartfona-finney"Finney. And in March of 2019, the baton was unexpectedly picked up by the smartphone from the major South Korean company, Samsung - Galaxy S10. And although Samsung refrained from the direct embedding of the cryptocurrency wallet into the standard supply set, a brand wallet of Samsung can be installed from the Galaxy Store.

https://preview.redd.it/p8zc6dat0ay21.jpg?width=1280&format=pjpg&auto=webp&s=d7f173f7470107c2f4cc5868ed882089499b2a09
Galaxy S10 – the first smartphone from Samsung with cryptocurrency support
On the part of crypto enthusiasts, there are a number of claims to Samsung initiative, among which – the lack of bitcoin support (BTC). At the moment, Samsung Blockchain Wallet supports only Ethereum (ETH) and ERC-20 standard currencies and tokens created on its basis:
Basic Attention Token (BAT), Chainlink (LINK), BinanceCoin (BNB), True USD (TUSD), USD Coin (USDC), Paxos Standard (PAX) and others.

Anyway, from a political and PR perspective, the emergence of Galaxy S10 is a great event.

First of all, smartphone can attract to the cryptocurrency market new people who have greater confidence in the famous brand, than in the traditional bulky cryptocurrency wallets. Now, many people are frightened away from the cryptocurrencies only by technical difficulties, whereas smartphones on many occasions have proved their ability to promote to the masses those things, which previously seemed to be very complex.

Secondly, this step of Samsung is a clear signal both to the domestic and foreign governments: big business is on the side of the new technologies. South Korea has a reputation of a country not very friendly to cryptocurrencies, however, its business giant publicly demonstrated another attitude.

Thirdly, the initiative of Samsung with a high degree of probability will be emulated by other leading producers of communication devices. Thus, shortly after the release of Galaxy S10, there appeared a news that a cryptocurrency wallet will soon be available in iOS Opera Touch, which means that cryptocurrencies can be also stored in iPhone of Apple.

All this creates excellent prerequisites both for the world legalization of the cryptocurrencies, and for the growth of the market due to the increase of the number of users.

Conclusion

Thus, despite the “roller coaster” of the cryptocurrency exchange rates, some fundamental processes have developed steadily in the same direction in the recent years: expansion of the commodity market for cryptocurrency, increase in the number of countries with a liberal attitude to cryptocurrencies, adoption of cryptocurrencies as a strategic technology by more and more industrial giants. The total number of individuals who tried to work with the cryptocurrencies grows steadily, while the new technological trends (in particular, crypto smartphones), can additionally accelerate this growth.

The only thing that can seriously damage a cryptocurrency market is its global ban, but it seems to be unlikely. Right now there are about 40 million bitcoin wallets on earth. It is believed that on average their number is doubled annually, which means that within 5 years it can reach a billion. And if now a global ban on cryptocurrencies is unrealistic due to their profitability for the developed countries, by that time their prohibition will become impossible almost physically.

In the first part of the story we had put forward the arguments as to why the investors need not fear the bubble of 2017-2018: in the end, the bubble showed not so much the riskiness of the crypto investments, but rather their long-term prospects. Today we described political and economic events, which have occurred in parallel “behind the scenes”, and in which there were no “drops” – only progressive development toward the construction of the crypto economy. And in the next, third part, we will try to describe in detail specific financial reasons of the collapse and recovery of the market in 2018-2019.

Analytical department, Trident company, Victor Argonov, Candidate of Physical and Mathematical Sciences.
Source:http://trident-germes.com/
https://www.facebook.com/Germes.mining.robot/
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