Btc+

So I was just looking at site on the web, and I found something interesting. There is an alt coin named btc+! Oh wow.

https://www.bitcoinplus.org/

It looks like they also have a reddit community, although, it's one of the smaller ones I have seen.

https://old.reddit.com/r/BitcoinPlus_XBC/

It is a proof of stake coin, meaning there is no mining, rather, coins are distributed to those who meet the staking conditions. For btcplus this essentially entails having a synced wallet with coins in the wallet for 12 hours. The wallet must be online to stake, but just logging in from time to time will also yield roughly the same amount on coins as having your wallet on all the time. Per BTCplus’s site

If you open your wallet for a few hours once a month you will receive roughly the same amount of coins as someone who is staking 24/7. The 24/7 Wallet will receive many more smaller amounts and the wallet open infrequently will receive less but larger amounts. The total will roughly be the same.

The price ticker for BitcoinPlus is XBC and you can see it here on coinmarketcap

https://coinmarketcap.com/currencies/bitcoin-plus/

As of writing, it has a market cap of about 600k USD.

Also, the block time for XBC is much shorter than many other coins at a mere 60 seconds. Here is a coin telegraph piece on this. https://cointelegraph.com/news/meet-bitcoin-plus-the-next-great-cryptocurrency

It looks like the original developers took money they raised on Poloniex for the coin and have abandoned it. But like I mention in this post (and in the comments below), an active dev team isn’t really needed for a cryptocurrency.

Bitkong

So I’m trying a new site out, bitkong. Bitkong offers a captcha-free faucet, but how it works is different than other faucets I have tried. You get 1 bit every 5 min (with Facebook verification) but you have to spend it right away on the game they have. If you have basically any amount of money in your account, you can’t use the faucet. There are different levels and each level has either ⅓ , ½ or ⅔ chance of you losing. Per the site, ”100.00 ƀits transaction fee will be deducted from your withdrawal amount. Minimum withdrawal amount is 2,000.00 ƀits.“

You need to get pretty lucky in order to get any money off of this site. To be exact, winning just once isn’t very meaningful, as you need to get to 2,000 bits in order to even withdraw anything. It seems that maximum winning in the easy setting will result in multiplying your original wager by 42.5; doing this twice would result in about 1,806.25 bits. But the odds of winning the easy game just once is (2/3)^10 or 0.01734152991 or 00.003% chance to win twice and almost have enough to actually win something. Also, you only get 500 chances with the faucet, which means that winning isn’t an eventuality. You probably will run out of chances before you actually win.

It is provably fair, like other games of chance sites. But that is a topic all on its own.

They also have a referral program, so use my link above, or here https://bitkong.com/en?r=mJdSKHYy and maybe I will get something out of it. Just to be clear, I don’t condone gambling. However, if it is at no cost to me, I am fine using the free bits they give in the faucet for a chance to make more money. However, it doesn’t seem to be that good of a use of time.

The Bit

Back when I started this blog, there was not much by way of cryptocurrency news. But now days, that is not the case! There is a lot of news. One of the news sources I use is the bit, it's a daily email with some of the top crypto related stories. Sign up under my referral link here:

https://thebitdaily.com/referral/?236900527487690616

With this being said, I probably will not post as often on this site, as there is not so much need for bitcoin news. I will likely focus on personal stories or crypto related content that affects me personally. For all my loyal readers, thanks for coming along on this adventure, and there is still content coming, but just possibly not in the same way it used to be.

I also have some old content I didn’t get out:

I saw this comment on reddit and was intrigued, what type of scam is this? Shouldn’t it fail pretty quick? It looks like they have a pretty good url and a pretty good interface, but it looks like it may just be a straight up scam.

A Hilarious article from the Onion

Veritaseum

So I was browsing https://coinmarketcap.com/ just for fun. And I saw this coin near 100( this was a while ago, I’m not sure if it is true still), veritaseum. And I thought to myself, oh, like the youtube channel?

Well, no, it is not that. This isn’t the first time I have confused a cryptocurrency name with something else.

But this coin still is interesting.

It looks like you can “rent” your tokens (kind of like the margin loans I make on Polo). I’m not sure of the details exactly, but here is the site. https://veritas.veritaseum.com/verent-platform I will have to look into it more.

But, it looks like Polo is now ending the margin loans for US customers. Polo probably should be issuing a 1099 INT for each margin lender, but they don’t. Instead of correcting this, it looks like they are doing the easier solution and just ending the service. I probably will move to another exchange after this.

And, as might note in my last post, I am probably leaving Cryptopia as well. I’ll let you know when I find a new place to go.

Also, check out my most recent edition to Zero to Moon! When you buy the book to are entitled to personally as me, a CPA candidate, questions about Cryptocurrency. All personalized for your situation. At five dollars this really is a steal and if it catches on, I will likely have to discontinue it.

Sealand

Some of you may know I like to follow what micronations are up to. For example, take a look at these past posts:

Liberland

https://btcplus.blogspot.com/2016/05/happy-belated-birthday-liberland.html

Republic Veneta

http://btcplus.blogspot.com/2016/01/separatists-central-banks-and-strange.html

And my favorite micronation of course is Sealand.

Well, it looks like you can now buy lordship from Sealand with bitcoin!

https://www.sealandgov.org/

I have wanted lordship for awhile, but I kind of refuse to buy something so impractical. I actually tried to email someone at Sealand to trade services for lordship. I am cheap after all (so cheap, you should check out my newest website). But more importantly, earning lordship (rather than buying it) makes it seem more legitimate to me. But now, with the seemingly recent addition to purchase with bitcoin, I might actually do it (so I can tell you about the experience!)

My only complaint is the font they use for “lord” looks kind of strange. Actually, as I write it now, it looks like arial bold, which perhaps isn’t fancy enough.

Anyways, maybe I will do an update if I ever buy this.

And, as always,

Follow me on twitter

https://twitter.com/BTC_Plus

And Facebook

https://www.facebook.com/BTCplus.blog/

And check out my newest book!

https://www.amazon.com/dp/B07L23SGSV

Nyan delisted

I have some unfortunate news. It looks like one of my favorite altcoins, Nyan, is going to be delisted from Cryptopia Shortly.   My heart raced slightly as I read the title “44-Day Delisting Notice.” Here is the email I got on Nov 26:

You are receiving this email because we recognise you as a holder of coin(s) that have been put into delisting status on Cryptopia.

We are committed to ensuring the coins we have available to trade on the exchange adhere to our stringent ethical, legal and technical standards outlined in our Listing Policy which can be viewed here: Listing Policy.

After conducting a thorough review, it has been determined that the below coin(s) no longer comply and as such, we are delisting:
⦁ NYAN
For further information regarding Cryptopia's delisting guidelines, our full policy can be viewed here: Delisting Policy.

Please note that we will permanently delist the above coin(s) on 9 November 2018 [Emphasis added]. Trade markets are now closed, and we recommend cancelling any open orders. To ensure your funds are off the exchange before the above coin(s) is removed, please withdraw any balances to a compatible wallet at your earliest convenience. Any queries or issues locating a compatible wallet or block explorer should be directed to the coin's development team. Please refer to our Delisting article for more information here

We would like to reassure you that Cryptopia only delists coins that could expose our users to risk, if you have any questions regarding this please contact our Support Team


At first, I didn’t know what to make of the email. It didn’t make any sense to me. Well, one problem was the date, which an email the next day they corrected: ”The date mentioned in our previous email was incorrect. The correct date for the delisting of the previously listed coin(s) is 10 January 2019.” I also reached out to the Crypotia for comment. To me, they refused to give any more information. However, to Coinaday, one of the devs, they stated “You are welcome to improve your coin’s infrastructure, including by making improvements to assist users to withdraw their coins from our exchange. However, doing so will not change the delisting status or date of 10/01/2019 on which it is due to be delisted.”

This Delisting is not limited to Nyan, there are 60 coins going through the delisting process right now (List here), but another of the coins is Ron Paul Coin! Oh dear. If you haven’t been reading my blog long, RPC was one of the first coins I covered.

Lastly, I commissioned a picture for Nyancoin. Here it is!

Audio Intro to the blog