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

November update

I have been working on some other big projects, so I haven’t had much time to give attention to this blog. But there are a few news events I wanted to cover and some announcements to make.

First, I got news recently the 99 bitcoin faucet is shutting down. I haven’t used this faucet personally, but it is always alarming when a major player exits the game. It makes me a little worried the faucets I use may shut down in the future.

Next, it looks like coinbase is growing in users and may even be considering an IPO down the line. This is also exciting news, and definitely something to look ahead to.

Next, I am wrapping up my second book. You may have seen my first book Zero to Moon on payhip. Well I’m now offering two editions of the book, one is just ONE dollar. The other is also really cheap and INCLUDES questions to me, the author. So check it out. But also prepare to look at my next book where I tackle passive income!

Lastly, it's post-election season, so why not look at my politics blog? This is the other project taking up my time. It is libertarian leaning, so it should have some good crossover appeal.

Chatting with an Expert on Bitcoin

I recently started watching Andrew Hales's content, he is a very interesting guy and it interesting to see him talk to someone about Bitcoin. Everyday it seems, crpyto becomes more and more mainstream.

My New Wallet: Bitpay

My go-to wallet, multibit, has not seen an update in quite a while and is really out of date. So I needed a new wallet. Additionally, my go-to site for gift cards, egifter, needed a new method of payment for bitcoin. So I had to get a new wallet that supported invoice payments. This is where Bitpay comes in.

It is a pretty standard wallet with a few cool features. One, you can buy amazon gift cards directly on the wallet. This is a super nice addition. One of my least favorite aspects of spending bitcoin is just double checking you pasted the wallet address correctly. But with the payment system integrated into the wallet, it's not an issue. Additionally, the invoice system that bitpay supports is a big help in this regard as well.

Speaking of new things, I also have a new faucet I really like. You can claim every 30 minutes from a huge list of altcoins, it even sorts them for you by price, so you can claim the most valuable coin!

Even better, coins that have proof of stake are staked for you in your btcpop wallet! Definitely worth looking at. Check it out here!

For a last piece of news, I bought a mining contract on BTCpop.

On 4/28/2018 I paid 0.00032148 btc ( about 3 dollars) for a scrypt mining contract on BTCpop. As of 5/15/2018 I have earned LTC 0.00013965 or about two cents. So at this rate in 6.25 years it will be pure profit!

Actually, the situation is much worse than I originally thought. See the payout of this contract is dependant on the price of LTC. Each payout has a flat fee associated with it. If the value of the the crypto is less than the flat fee, you are paid nothing. So given the decreases in prices of cryptocurrency, my mining contract is now not paying out most of the time, so it looks like my return of capital will be even later than I had originally thought! Oh goodness.