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How To Use The Bitcoin Calculator App

How To Use The Bitcoin Calculator App
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submitted by seoexpertdipum0 to u/seoexpertdipum0 [link] [comments]

ETHE & GBTC (Grayscale) Frequently Asked Questions

It is no doubt Grayscale’s booming popularity as a mainstream investment has caused a lot of community hullabaloo lately. As such, I felt it was worth making a FAQ regarding the topic. I’m looking to update this as needed and of course am open to suggestions / adding any questions.
The goal is simply to have a thread we can link to anyone with questions on Grayscale and its products. Instead of explaining the same thing 3 times a day, shoot those posters over to this thread. My hope is that these questions are answered in a fairly simple and easy to understand manner. I think as the sub grows it will be a nice reference point for newcomers.
Disclaimer: I do NOT work for Grayscale and as such am basing all these answers on information that can be found on their website / reports. (Grayscale’s official FAQ can be found here). I also do NOT have a finance degree, I do NOT have a Series 6 / 7 / 140-whatever, and I do NOT work with investment products for my day job. I have an accounting background and work within the finance world so I have the general ‘business’ knowledge to put it all together, but this is all info determined in my best faith effort as a layman. The point being is this --- it is possible I may explain something wrong or missed the technical terms, and if that occurs I am more than happy to update anything that can be proven incorrect
Everything below will be in reference to ETHE but will apply to GBTC as well. If those two segregate in any way, I will note that accordingly.
What is Grayscale? 
Grayscale is the company that created the ETHE product. Their website is
What is ETHE? 
ETHE is essentially a stock that intends to loosely track the price of ETH. It does so by having each ETHE be backed by a specific amount of ETH that is held on chain. Initially, the newly minted ETHE can only be purchased by institutions and accredited investors directly from Grayscale. Once a year has passed (6 months for GBTC) it can then be listed on the OTCQX Best Market exchange for secondary trading. Once listed on OTCQX, anyone investor can purchase at this point. Additional information on ETHE can be found here.
So ETHE is an ETF? 
No. For technical reasons beyond my personal understandings it is not labeled an ETF. I know it all flows back to the “Securities Act Rule 144”, but due to my limited knowledge on SEC regulations I don’t want to misspeak past that. If anyone is more knowledgeable on the subject I am happy to input their answer here.
How long has ETHE existed? 
ETHE was formed 12/14/2017. GBTC was formed 9/25/2013.
How is ETHE created? 
The trust will issue shares to “Authorized Participants” in groups of 100 shares (called baskets). Authorized Participants are the only persons that may place orders to create these baskets and they do it on behalf of the investor.
Source: Creation and Redemption of Shares section on page 39 of the “Grayscale Ethereum Trust Annual Report (2019)” – Located Here
Note – The way their reports word this makes it sound like there is an army of authorizers doing the dirty work, but in reality there is only one Authorized Participant. At this moment the “Genesis” company is the sole Authorized Participant. Genesis is owned by the “Digital Currency Group, Inc.” which is the parent company of Grayscale as well. (And to really go down the rabbit hole it looks like DCG is the parent company of CoinDesk and is “backing 150+ companies across 30 countries, including Coinbase, Ripple, and Chainalysis.”)
Source: Digital Currency Group, Inc. informational section on page 77 of the “Grayscale Bitcoin Trust (BTC) Form 10-K (2019)” – Located Here
Source: Barry E. Silbert informational section on page 75 of the “Grayscale Bitcoin Trust (BTC) Form 10-K (2019)” – Located Here
How does Grayscale acquire the ETH to collateralize the ETHE product? 
An Investor may acquire ETHE by paying in cash or exchanging ETH already owned.
Source: Creation and Redemption of Shares section on page 40 of the “Grayscale Ethereum Trust Annual Report (2019)” – Located Here
Where does Grayscale store their ETH? Does it have a specific wallet address we can follow? 
ETH is stored with Coinbase Custody Trust Company, LLC. I am unaware of any specific address or set of addresses that can be used to verify the ETH is actually there.
As an aside - I would actually love to see if anyone knows more about this as it’s something that’s sort of peaked my interest after being asked about it… I find it doubtful we can find that however.
Source: Part C. Business Information, Item 8, subsection A. on page 16 of the “Grayscale Ethereum Trust Annual Report (2019)” – Located Here
Can ETHE be redeemed for ETH? 
No, currently there is no way to give your shares of ETHE back to Grayscale to receive ETH back. The only method of getting back into ETH would be to sell your ETHE to someone else and then use those proceeds to buy ETH yourself.
Source: Redemption Procedures on page 41 of the “Grayscale Ethereum Trust Annual Report (2019)” – Located Here
Why are they not redeeming shares? 
I think the report summarizes it best:
Redemptions of Shares are currently not permitted and the Trust is unable to redeem Shares. Subject to receipt of regulatory approval from the SEC and approval by the Sponsor in its sole discretion, the Trust may in the future operate a redemption program. Because the Trust does not believe that the SEC would, at this time, entertain an application for the waiver of rules needed in order to operate an ongoing redemption program, the Trust currently has no intention of seeking regulatory approval from the SEC to operate an ongoing redemption program.
Source: Redemption Procedures on page 41 of the “Grayscale Ethereum Trust Annual Report (2019)” – Located Here
What is the fee structure? 
ETHE has an annual fee of 2.5%. GBTC has an annual fee of 2.0%. Fees are paid by selling the underlying ETH / BTC collateralizing the asset.
Source: ETHE’s informational page on Grayscale’s website - Located Here
Source: Description of Trust on page 31 & 32 of the “Grayscale Ethereum Trust Annual Report (2019)” – Located Here
What is the ratio of ETH to ETHE? 
At the time of posting (6/19/2020) each ETHE share is backed by .09391605 ETH. Each share of GBTC is backed by .00096038 BTC.
ETHE & GBTC’s specific information page on Grayscale’s website updates the ratio daily – Located Here
For a full historical look at this ratio, it can be found on the Grayscale home page on the upper right side if you go to Tax Documents > 2019 Tax Documents > Grayscale Ethereum Trust 2019 Tax Letter.
Why is the ratio not 1:1? Why is it always decreasing? 
While I cannot say for certain why the initial distribution was not a 1:1 backing, it is more than likely to keep the price down and allow more investors a chance to purchase ETHE / GBTC.
As noted above, fees are paid by selling off the ETH collateralizing ETHE. So this number will always be trending downward as time goes on.
Source: Description of Trust on page 32 of the “Grayscale Ethereum Trust Annual Report (2019)” – Located Here
I keep hearing about how this is locked supply… explain? 
As noted above, there is currently no redemption program for converting your ETHE back into ETH. This means that once an ETHE is issued, it will remain in circulation until a redemption program is formed --- something that doesn’t seem to be too urgent for the SEC or Grayscale at the moment. Tiny amounts will naturally be removed due to fees, but the bulk of the asset is in there for good.
Knowing that ETHE cannot be taken back and destroyed at this time, the ETH collateralizing it will not be removed from the wallet for the foreseeable future. While it is not fully locked in the sense of say a totally lost key, it is not coming out any time soon.
Per their annual statement:
The Trust’s ETH will be transferred out of the ETH Account only in the following circumstances: (i) transferred to pay the Sponsor’s Fee or any Additional Trust Expenses, (ii) distributed in connection with the redemption of Baskets (subject to the Trust’s obtaining regulatory approval from the SEC to operate an ongoing redemption program and the consent of the Sponsor), (iii) sold on an as-needed basis to pay Additional Trust Expenses or (iv) sold on behalf of the Trust in the event the Trust terminates and liquidates its assets or as otherwise required by law or regulation.
Source: Description of Trust on page 31 of the “Grayscale Ethereum Trust Annual Report (2019)” – Located Here
Grayscale now owns a huge chunk of both ETH and BTC’s supply… should we be worried about manipulation, a sell off to crash the market crash, a staking cartel? 
First, it’s important to remember Grayscale is a lot more akin to an exchange then say an investment firm. Grayscale is working on behalf of its investors to create this product for investor control. Grayscale doesn’t ‘control’ the ETH it holds any more then Coinbase ‘controls’ the ETH in its hot wallet. (Note: There are likely some varying levels of control, but specific to this topic Grayscale cannot simply sell [legally, at least] the ETH by their own decision in the same manner Coinbase wouldn't be able to either.)
That said, there shouldn’t be any worry in the short to medium time-frame. As noted above, Grayscale can’t really remove ETH other than for fees or termination of the product. At 2.5% a year, fees are noise in terms of volume. Grayscale seems to be the fastest growing product in the crypto space at the moment and termination of the product seems unlikely.
IF redemptions were to happen tomorrow, it’s extremely unlikely we would see a mass exodus out of the product to redeem for ETH. And even if there was incentive to get back to ETH, the premium makes it so that it would be much more cost effective to just sell your ETHE on the secondary market and buy ETH yourself. Remember, any redemption is up to the investors and NOT something Grayscale has direct control over.
Yes, but what about [insert criminal act here]… 
Alright, yes. Technically nothing is stopping Grayscale from selling all the ETH / BTC and running off to the Bahamas (Hawaii?). BUT there is no real reason for them to do so. Barry is an extremely public figure and it won’t be easy for him to get away with that. Grayscale’s Bitcoin Trust creates SEC reports weekly / bi-weekly and I’m sure given the sentiment towards crypto is being watched carefully. Plus, Grayscale is making tons of consistent revenue and thus has little to no incentive to give that up for a quick buck.
That’s a lot of ‘happy little feels’ Bob, is there even an independent audit or is this Tether 2.0? 
Actually yes, an independent auditor report can be found in their annual reports. It is clearly aimed more towards the financial side and I doubt the auditors are crypto savants, but it is at least one extra set of eyes. Auditors are Friedman LLP – Auditor since 2015.
Source: Independent Auditor Report starting on page 116 (of the PDF itself) of the “Grayscale Ethereum Trust Annual Report (2019)” – Located Here
As mentioned by user TheCrpytosAndBloods (In Comments Below), a fun fact:
The company’s auditors Friedman LLP were also coincidentally TetheBitfinex’s auditors until They controversially parted ways in 2018 when the Tether controversy was at its height. I am not suggesting for one moment that there is anything shady about DCG - I just find it interesting it’s the same auditor.
“Grayscale sounds kind of lame” / “Not your keys not your crypto!” / “Why is anyone buying this, it sounds like a scam?” 
Welp, for starters this honestly is not really a product aimed at the people likely to be reading this post. To each their own, but do remember just because something provides no value to you doesn’t mean it can’t provide value to someone else. That said some of the advertised benefits are as follows:
So for example, I can set up an IRA at a brokerage account that has $0 trading fees. Then I can trade GBTC and ETHE all day without having to worry about tracking my taxes. All with the relative safety something like E-Trade provides over Binance.
As for how it benefits the everyday ETH holder? I think the supply lock is a positive. I also think this product exposes the Ethereum ecosystem to people who otherwise wouldn’t know about it.
Why is there a premium? Why is ETHE’s premium so insanely high compared to GBTC’s premium? 
There are a handful of theories of why a premium exists at all, some even mentioned in the annual report. The short list is as follows:
Why is ETHE’s so much higher the GBTC’s? Again, a few thoughts:

Are there any other differences between ETHE and GBTC? 
I touched on a few of the smaller differences, but one of the more interesting changes is GBTC is now a “SEC reporting company” as of January 2020. Which again goes beyond my scope of knowledge so I won’t comment on it too much… but the net result is GBTC is now putting out weekly / bi-weekly 8-K’s and annual 10-K’s. This means you can track GBTC that much easier at the moment as well as there is an extra layer of validity to the product IMO.
I’m looking for some statistics on ETHE… such as who is buying, how much is bought, etc? 
There is a great Q1 2020 report I recommend you give a read that has a lot of cool graphs and data on the product. It’s a little GBTC centric, but there is some ETHE data as well. It can be found here hidden within the 8-K filings.Q1 2020 is the 4/16/2020 8-K filing.
For those more into a GAAP style report see the 2019 annual 10-K of the same location.
Is Grayscale only just for BTC and ETH? 
No, there are other products as well. In terms of a secondary market product, ETCG is the Ethereum Classic version of ETHE. Fun Fact – ETCG was actually put out to the secondary market first. It also has a 3% fee tied to it where 1% of it goes to some type of ETC development fund.
In terms of institutional and accredited investors, there are a few ‘fan favorites’ such as Bitcoin Cash, Litcoin, Stellar, XRP, and Zcash. Something called Horizion (Backed by ZEN I guess? Idk to be honest what that is…). And a diversified Mutual Fund type fund that has a little bit of all of those. None of these products are available on the secondary market.
Are there alternatives to Grayscale? 
I know they exist, but I don’t follow them. I’ll leave this as a “to be edited” section and will add as others comment on what they know.
Per user Over-analyser (in comments below):
Coinshares (Formerly XBT provider) are the only similar product I know of. BTC, ETH, XRP and LTC as Exchange Traded Notes (ETN).
It looks like they are fully backed with the underlying crypto (no premium).
Denominated in SEK and EUR. Certainly available in some UK pensions (SIPP).
As asked by pegcity - Okay so I was under the impression you can just give them your own ETH and get ETHE, but do you get 11 ETHE per ETH or do you get the market value of ETH in USD worth of ETHE? 
I have always understood that the ETHE issued directly through Grayscale is issued without the premium. As in, if I were to trade 1 ETH for ETHE I would get 11, not say only 2 or 3 because the secondary market premium is so high. And if I were paying cash only I would be paying the price to buy 1 ETH to get my 11 ETHE. Per page 39 of their annual statement, it reads as follows:
The Trust will issue Shares to Authorized Participants from time to time, but only in one or more Baskets (with a Basket being a block of 100 Shares). The Trust will not issue fractions of a Basket. The creation (and, should the Trust commence a redemption program, redemption) of Baskets will be made only in exchange for the delivery to the Trust, or the distribution by the Trust, of the number of whole and fractional ETH represented by each Basket being created (or, should the Trust commence a redemption program, redeemed), which is determined by dividing (x) the number of ETH owned by the Trust at 4:00 p.m., New York time, on the trade date of a creation or redemption order, after deducting the number of ETH representing the U.S. dollar value of accrued but unpaid fees and expenses of the Trust (converted using the ETH Index Price at such time, and carried to the eighth decimal place), by (y) the number of Shares outstanding at such time (with the quotient so obtained calculated to one one-hundred-millionth of one ETH (i.e., carried to the eighth decimal place)), and multiplying such quotient by 100 (the “Basket ETH Amount”). All questions as to the calculation of the Basket ETH Amount will be conclusively determined by the Sponsor and will be final and binding on all persons interested in the Trust. The Basket ETH Amount multiplied by the number of Baskets being created or redeemed is the “Total Basket ETH Amount.” The number of ETH represented by a Share will gradually decrease over time as the Trust’s ETH are used to pay the Trust’s expenses. Each Share represented approximately 0.0950 ETH and 0.0974 ETH as of December 31, 2019 and 2018, respectively.

submitted by Bob-Rossi to ethfinance [link] [comments]

Kobayshi's feedback on Mt Gox Legal's CR plan outline.

Mt Gox Legal is now are now fundraising for legal fees to cover the final stage of securing a CR plan that works for all creditors.
Making a donation is entirely voluntary.
To hit our target, I've suggested that all members of Mt Gox Legal donate £1GBP/BTC in their claim, here
If you aren't a member of Mt Gox Legal you can still join and/or donate.
Last week our lawyer Sekido-sensei met with Kobayashi-sensei to discuss the plan we put forward. Here are the points that Sekido briefed me on with reference to our outline plan which you can read here:
Atmosphere was good.
1/ Fiat claims honoured as under Bankruptcy - no commnets.
2/ Sek made it clear we don’t want any more sales. Kob didn’t say yes, but we didn’t receive any specific objection. Didn’t find anything in his reaction that would cause me to believe he was planning more sales.
3/ No Benefit to shareholders: Tibanne may have claim admitted. Kob has counter claim against Tibanne under their bankruptcy of Tibanne. [I believe our claim against Tib is bigger than theirs against MtG] Don’t know if it’s accepted. Might be able to off set claims or money will go and come back. Either way Kob is aware of the issue and planning a solution in creditors best interests.
4/ Alt coins: Trustee’s reaction is that it’s not easy to seperate keys for altcoins. It’s challenging. If we [Mt Gox Legal] can present a safe way for the trustee, it may advance the situation. But it’s not easy for the trustee to conduct this because of technical security. After the first distribution, it might be easier for him to sell the key.
Kobayashi understands alt coins and their value.
His question to us: How to auction the key?
5/ Mixed claims - no issue
6/ Timetable for distribution, Kob agrees to timeliness is important.
7/ Distribution Channel. There was a clear response from trustee: distribution to private wallets is very difficult. so they are very reluctant. Distribution for BTC is it’s necessary to have an exchange. We emphasised more exchange options creditors have, the better for creditors, but there must be a limitation, cos trustee cannot accept unreliable exchanges. They need to execute some contracts, so exchange needs to have solidity to be a good for counterparty. Also, the approval of the court is required. Kob is Open to options, not fixed their minds on which exchange. They want to understand the need of the creditors, depending on the need of creditors around the world. That’s the basic requirement of the law. Need to cover all over the world where creditors exist. - Appreciate our input on this.
Kob’s position on this is very strong on this.
Kob cannot take responsibility, once distribution is completed there is no money for compensation. Clear need to have limited liablilty for trustee. Once creditor choose exchange, and assets are transfered. After that, if there is a problem trustee is not liable.
Possibility that there are creditors who cannot make an account on an exchange for geographic reasons. - In that scenario the suggested option is to convert claim to cash and send via bank. That kind of option may be necessary. In this case the trustee will need to sell some btc in order to distribute cash. Trustee will need proof of id.
Distribution of cash: not clear, but Sek didn’t hear anything negative for cash distribution to either bank or exchange. - reaction not negative. Open to offering distribution to both bank or exchange.
8/ The response to this point is on the Mt Gox Legal forum. For all creditor's interest I'm not going to share it publicly here.
9/ Trading records. Kobs reaction was: Not easy. It may require costs. We [Mt Gox Legal] should make a more specific request. Issue of equal treatment may come up, if limited number of creditors need to this, Kob can use that as an excuse to avoid it. - Need to show how much demand there is for this.
[I raised the counter point that this information is an asset of value to creditors and should be considered as such. We need to go back with a sense of how many creditors need this (a proportion, or which jurisdictions) and how the information could be accessed via the online filing system) - it may be that creditors who want/need this may have to pay for it individually.]
Questions from Kob:
Geographic variation of memebers of MtG Legal, to consider which exchange is appropriate or not? He wants to have local information which exchange works. Creditors from local area will have infomation.
We requested face to face meeting after creditors meeting in september. Waiting for response.
AOB/ claims open by the end of this month as per memo on website.
We(MGL) are now preparing recommendations of which reputable exchanges operate (allow people to register AND withdraw fiat) in which regions.
We are also proposing a working solution for obtianing creditor's trading records.
And we are preparing a suggested project plan for how to auction the keys for altcoins once BTC and BCC have been moved from the wallets.
Redditor's feedback on these issues is really welcome. Please comment below.
Just a reminder... We are now fundraising to cover costs for Sekido to guide us through these issues. If you are a member of Mt Gox Legal please consider either donating £1/bitcoin in your claim here; or if you haven't already, then please join us.
submitted by andypagonthemove to mtgoxinsolvency [link] [comments]

[2015-08-19] Challenge #228 [Intermediate] Use a Web Service to Find Bitcoin Prices


Modern web services are the core of the net. One website can leverage 1 or more other sites for rich data and mashups. Some notable examples include the Google maps API which has been layered with crime data, bus schedule apps, and more.
Today's a bit of a departure from the typical challenge, there's no puzzle to solve but there is code to write. For this challenge, you'll be asked to implement a call to a simple RESTful web API for Bitcoin pricing. This API was chosen because it's freely available and doesn't require any signup or an API key. Furthermore, it's a simple GET request to get the data you need. Other APIs work in much the same way but often require API keys for use.
The Bitcoin API we're using is documented here: Specifically we're interested in the /v1/trades.csv endpoint.
Your native code API (e.g. the code you write and run locally) should take the following parameters:
The API call you make to the site will yield a plain text response of the most recent trades, formatted as CSV with the following fields: UNIX timestamp, price in that currency, and amount of the trade. For example:
Your API should return the current value of Bitcoin according to that exchange in that currency. For example, your API might look like this (in F# notation to show types and args):
val getCurrentBitcoinPrice : exchange:string -> currency:string -> float 
Which basically says take two string args to describe the exchange by name and the currency I want the price in and return the latest price as a floating point value. In the above example my code would return 349.25.
Part of today's challenge is in understanding the API documentation, such as the format of the URL and what endpoint to contact.


Many thanks to adrian17 for finding this API for this challenge - it doesn't require any signup to use.
submitted by jnazario to dailyprogrammer [link] [comments]

Hidden Bitcoins at JTH

Three years ago I studied at School of Engineering at Jönköping University (The Yellow Building) during that time I hide some QR codes at secret places on third floor. These QR Codes holds the information for the private keys of Bitcoin Wallets, the total value which seems to be untouched are 748 SEK at the moment I'm writing this.
Following codes are the public key for those wallets, all is hidden on the third floor three years ago in the yellow building:
Because these wallets have been untouched I think these small QR Codes are still there and untouched because people does not know what it is, some other codes needs to be looked underneath furnitures to find them.
submitted by Asturaz to Jonkoping [link] [comments]

Where can I store my bitcoin value until the blocksize-debate is resolved?

I believe the current blocksize debate and communitys inabilty to take action will have a negative impact on bitcoins value atleast short-term. I wish to trade my bitcoins for something else atleast for a while. Preferably something non-fiat and perferably outside of the traditional banking system. The legal and tax-status of bitcoin still seems unreliable in Sweden where I live and the exchange will be fairly expenseive BTC->USD->SEK and the hopefully SEK->USD-BTC.
submitted by kristoffernolgren to Bitcoin [link] [comments]

Last week broke the record for most P2P trading volume overall on @LocalBitcoins

Little surprise that last week was an active week, but the previous weekly total volume record (value measured in USD) that had been standing for nearly two months has now toppled. Bitcoin volume valued at $5M / day average was traded on LocalBitcoins.
The individual currencies having had a record week:
Over on Paxful, the currencies having a record week:
And on BitSquare, soon to be rebranded, the following currencies had a record:
submitted by cointastical to Bitcoin [link] [comments]

This example from the Swedish IRS is hilarious

So, I was wondering about taxes surrounding bitcoin recently, and came across an article at Skatteverket (Swedish IRS). A paragraph of an example situation roughly translates to:
Eva purchases 10 bitcoin for 10 000 SEK and then buys another 10 bitcoin for 50 000 SEK. She has then purchased 20 bitcoin for 60 000 SEK and each bitcoin therefor has an average value of 3 000 SEK.
For those of you not familiar with the SEK fiat currency, I can say that this example is so dated it's pathetic. SEK is 1/10 the value of the Euro.
Anyways, I found their example text very funny, in no little part due to the latest surges in price of 1 BTC. It's also very telling how much they do not care (or understand) about BTC, when they don't even bother updating it. Also, the European court decided that profits made from bitcoin trades are tax exempt, so I don't really know what the rules are, tbh.
submitted by dekket to Bitcoin [link] [comments]

Cryptocurrencies on pace to close volatile trading week positive following Ethereum Classic addition to Coinbase Index Fund and the launch of the BOLT privacy overlay for Zcash on the lightning network

Developments in Financial Services


General News

submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

Swedish IRS selling BTC at auction.

Read my daily newsletter as usual this morning and saw that Kronofogden (Swedish IRS) are selling some Bitcoin. I quickly look up the auction trying to get a deal... What I saw was pure stupidity. Source In swedish
The swedish IRS are selling 0.59865078 Bitcoin (BTC) and 0.59865078 Bitcoin cash (BCC) for a total (current value) of 3227 USD or 26090 SEK (Swedish Krona) and the highest bid as of now is 38 500 SEK(or 4762$). For that price they could get rougly 0.93 BTC at the current price....
Are people stupid or can't they google search the value of BTC and BCC beforehand? (To bid you have to register with your social security number and every bid is legally binding so it's no hoax)
submitted by MansplainingSweden to btc [link] [comments]

Exchange fees

Ok so, I've been buying bitcoin for a while now, only selling when I've needed some fiat currency. And there's one thing that bothers me, and that is the tremendous fees that come with converting (in my case) SEK to BTC. Currently, the BTC value in SEK is 21 450 for 1BTC. The price I actually pay if I were to buy however, is 1314 SEK more than that, I.e a fee of $159.
I've been using the exchange.
I'm hoping someone knows of an exchange far more humane in its pricing that a Swede can use.
Ang go SegWit!
submitted by dekket to Bitcoin [link] [comments]

MonetaGo bitcoin exchange is live with 28 currencies!

Welcome to MonetaGo! The future of money. Global bitcoin exchange live in 40 countries with 28 currencies in 25 languages.
Deposit and withdrawal methods: • EUR - SEPA transfer to a dedicated client EU bank account. • BGN, CAD, CHF, CZK, DKK, GBP, HKD, HRK, HUF, JPY, NZD, RON, RUB, SEK, and TRY - International Wire transfers to our EU bank. • AUD - EFT to a dedicated client AU bank account. • SGD - FAST or GIRO to a dedicated client SG bank account. • INR - IMPS, NEFT or RTGS to a dedicated client IN bank account. • ZAR - EFT to a dedicated client ZA bank account. • CAD, MXN, HKD, USD via local interbank transfer coming soon.
MonetaGo Advantages • Get paid to trade. Market makers earn 0.1% rebate on trades. • Trade multiple currencies. • Send multiple currencies. • With Fixed-Value Bitcoin, you can fix the value of bitcoin to any of our 27 fiat currencies to protect its value against volatility. • State-of-the-art security. • Rigorous compliance program. [email protected] @monetago
submitted by tad_at_monetago to BitcoinMarkets [link] [comments]

[uncensored-r/Bitcoin] Beyond Bitcoin (one)

The following post by valueshield is being replicated because the post has been silently removed.
The original post can be found(in censored form) at this link: Bitcoin/comments/7e8w6e
The original post's content was as follows:
Beyond Bitcoin Build Global Labor value (purchasing power) stored value tool--value Shield Genesis white Paper
One. Preface
When Einstein was playing with his son, the son said: "Dad, how do you know the earth is round?" Einstein replied: "Because Dad was like a little bee, flying over an apple, I knew it was round," he said.” Son heard giggling asked: "Dad, you're so smart, are there any problems you can't solve?"” Einstein answered: "Yes, for example, how to fairly distribute human labor wealth, I can not solve it." In general, the credibility of communication between father and son is very high, the analysis of the above dialogue, it is certain that Einstein spent time to study it, but did not succeed. The specific time spent is unknown, but is not a day two days, one month two months, but rather a long period of time. Otherwise, he would not give up easily, and called it a "difficult problem". The laborer assigns the hand naturally is the currency, therefore, Albert Einstein is one of the famous scientists who have studied the money. There are tens of thousands of problems in the world. They are all trades and professions. Why study as a great physicist and choose an economic issue should cause us to think deeply. Einstein's keen observation shows that this is a matter of great importance. If the solution is not good, it will be a huge obstacle to the progress of mankind. So that humans can not stand in the higher dimensions to look at their own future. Today, in the field of science and technology, humans have looked up and observed three of forms of neutrinos. The probe landed on mars; The Hubble telescope sees stars in the outer galaxies devouring the surrounding planets as they run out of energy. But in the political and economic sphere, human beings, especially those represented by the majority of Governments, are still like reptiles with low heads, and the jungle laws of the jungle are staged for their own benefit year after year.
Two. What is the currency used for?
  1. Societies without currency and gold and silver
? ? ? ? ? ? ? ? ? ? ? ?
Commodity worker commodity
In this day and age, goods are used both for circulation and for storing value
  1. Modern society The basic economic activities of an ordinary adult can be summarized into the following two behaviors: A cycle: The sale of goods, the manufacture of goods, the sale of labor value in exchange for money.
? ? ? ? ? ? ? ? ? ? ? ?
Commodity worker currency
B cycle: The worker uses money to get his own subsistence and what he wants.
Commodity worker currency
? ? ? ? ? ? ? ? ? ? ? ?
In modern society, currency is used for circulation, and currency is also used for value storage.
From the above comparison, we can see that the circulation and storage value of the currency is essentially the circulation and storage value of the commodity, and the currency is the tool to help the laborers to accomplish the exchange and storage value of the goods. In addition, two cycles can be seen from the AB: 1. Laborers are the core.(Currency at the same time for goods and workers services) 2. The quality of the goods must be qualified, otherwise it is impossible to exchange the currency, at the same time, the quality of the currency must also be qualified.
Three. The evolution of the global currency in the past 300 years
Before1717 1717 England 1914 USA Gold and silver coins Gold standard fiat money Non-gold standard fiat money
The emphasis here is on gold standard fiat money, excerpted from << currency war >>5, author: Mr. Hongbing Song July 13, 1974, < > magazine published a shocking report on the price statistics of Britain's entire industrial revolution era. In the 250 years from 1664 to 1914, prices in Britain remained steady and slightly downward over the 250-year long period of gold standard operations. In today's world, there is no longer a second country that continues to keep the price data for such a long time. Sterling's purchasing power has been remarkably stable If the 1664 price index was set at 100, except during the Napoleonic Wars (1813), prices briefly rose to 180, and for most of the time the price index was below the 1664 standard. When the First World War broke out in 1914, the British price index was 91.In other words, in the gold standard system, the pound in 1914 is more purchasing power than the equivalent in 1664, 250 years ago. The United States, under the gold and silver standard, the situation is very similar. In 1787, the eighth chapter of the first chapter of the United States Constitution empowers Congress to issue and define the currency. Section Tenth expressly states that no State shall require any currency other than gold and silver to be used for the payment of debts, thereby clarifying that the American currency must be based on gold and silver. The 1792 Coinage Act established the dollar as the basic measure of U.S. currency, with a 10 dollar definition of 16 grams of solid gold. Silver is the cornerstone of the dollar's monetary system. Gold and silver parity is 15: 1.Any dilution of dollar purity, so devaluation of the dollar will face the death penalty. In 1800, the United States had a price index of about 102.2, and by 1913 prices fell to 80.7.In the era of great industrialization in the United States, the price volatility did not exceed 26%. In the gold standard era from 1879 to 1913, the price volatility was less than 17%.In the 113 years since the rapid development of production and the nation's full realization of industrialization, the average inflation rate in the United States is almost zero, with the annual average price fluctuating not exceeding 1.3%. Also under the gold standard, Europe's major countries in the transition from agricultural to industrial countries in the critical era of unprecedented economic development, their currencies also maintained a high degree of stability. The French franc, which maintained currency stability for 100 years from 1814 to 1914. The Netherlands guilder, which kept the currency stable for 98 years from 1816 to 1914. The Swiss franc, which maintained currency stability for 86 years from 1850 to 1936. The Belgian franc, which maintained its 82-year currency stability from 1832 to 1914. SEK, 58 years of currency stability from 1873 to 1931. German mark, from 1875 to 1914 maintained 39-year currency stability. The Italian lira maintained 31-year currency stability from 1883 to 1914.
Since 1914, the world ushered in the non-gold standard fiat money, through more than 100 years of practice, the trend of the non-gold standard fiat currency has lost the basic function of money. It is not conducive to the vast number of workers in favors of a small number of currency issuers, to more easily over printing, easier to manipulate the direction of development In most countries, the standard monetary value scale is not stable and can not be stored. It is an unqualified commodity.
In the absence of a gold standard, there will be no way to protect (the people's) savings from inflation, and there will be no secure wealth habitat.
  • Greenspan
Four? Four serious flaws in the global legal tender
  1. The non-gold standard legal tender does not have the labor value (purchasing power) of the Storage value function. Gold also lost this function under the centralized control of interest groups.
First of all, it is clear that a concept can not be influenced by external factors, the purchasing power value of the change represented at anytime and anywhere is called storage value. The currency as a general equivalent, born on behalf of a certain value. For example, $50, 100 Yuan, as to whether the value of the representative has moisture, how much moisture, according to the prevailing economic background. Legal currency can represent the value is not equal to the legal currency can store value. The value of the stockpile should be three years ago, or N years ago, the legal tender (purchasing power value), which was then able to buy a cow, was withdrawn from the circulation and stored. After three years, after n years, you need to retrieve the same purchasing power value, instead of just getting enough to buy half a cow, or a chicken's purchasing power value. Textbooks tell us:" Only gold and silver coins or bullion bars can play the role of currency storage, paper currency does not have the function of storage means. The currency in circulation is subject to too many factors that reduce its value (purchasing power). In the past 30 years, the incidence of inflation, national bankruptcy, financial turmoil, economic collapse, local war, terrorist attacks and exchange rate attacks have all proved this. What's worse is that the price of gold is artificially distorted and controlled:
Some records about gold price: 1999. May.7 Gold price: 520 USD, the Bank of England sold 415 tones in May, gold price goes to: 280 USD in May 2009 Feb Gold price: 984 USD, the IMF sold 403 tones in March gold price goes to: 870 USD in Apr. 2009. Nov Gold price: 1175 USD, IMF sold 200 tones Nov, gold price goes to: 1058 USD 2010 Feb. 2010. Jun Gold price: 1261USD, Bank for International Settlements used Gold swaps Jul, gold price goes to: 1157USD Jul. 2011. Sep.5 Gold price: 1920 USD, USA used 400 billion twists operation Sep 21, gold price goes to: 1700 USD Sep 23. 2011. Sep.23 Gold price: 1700 USD, COMEX Increase trading margin Sep, gold price goes to: 1540 USD Sep 26. ...
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

11-12 07:52 - 'I will leave and unsubscribe this channel soon. This used to be a coders corner and became a marketing platform. / Therefore let me announce: the XVA Coin will have its pre-ICO starting Nov. 30th 2017 at [link]. Just another s...' by /u/XVA-Coin removed from /r/Bitcoin within 19-29min

I will leave and unsubscribe this channel soon. This used to be a coders corner and became a marketing platform.
Therefore let me announce: the XVA Coin will have its pre-ICO starting Nov. 30th 2017 at [link]1 . Just another shitty Altcoin like Litecoin or Bitcoin Cash or Bitcoin Gold...
Let‘s promote Fiat to Crypto and let’s stop bashing each other!
Blame the non mineable cryptos like Ripple.
The Crypto War /btc versus /Bitcoin is over!
Both will continue to prosper, because of Fiat to crypto.
Now it is time to support Litecoin by buying some with your USD or EUR (Fiat in terms of EUR, USD, JPY, CHF, SEK, etc) or support new ideas of freedom, which combine different values in different countries aka ICO.
This is a story of an invention beyond quick profits on trading crypto to crypto.
The Invention, the new source of hope for mankind stuck in capitalism for a moment, is defined by Proof-Of-Work.
No Replay Protection needed due to definition - defined in the charter of peace between: Lord Roger Ver and the Kings of the NYA & Conqueror Satoshi Nakamoto and his Blockstream Alliance beating Goldman Sachs and JP Morgen in the battles of November 2017.
Yours truly, XVA Coin
Context Link
Go1dfish undelete link
unreddit undelete link
Author: XVA-Coin
submitted by removalbot to removalbot [link] [comments]

Easy programming work for reddcoins (x-post r/reddcointippingarmy, r/jobs4reddcoins)

Hello, please remove if inappropriate.
I am mining reddcoins atm using cudaminer and I am looking for someone to make a couple simple (I presume) scripts (.bat or something compileable to .exe).
300-1000 per task depending on what I value it at/what we agree on.
PM for more info or before you begin the work since I might be slow on updating thread.
submitted by niklasreddit to reddCoin [link] [comments]

Where can I store my bitcoin value until the blocksize-debate is resolved?

I believe the current blocksize debate and communitys inabilty to take action will have a negative impact on bitcoins value atleast short-term. I wish to trade my bitcoins for something else atleast for a while. Preferably something non-fiat and perferably outside of the traditional banking system. The legal and tax-status of bitcoin still seems unreliable in Sweden where I live and the exchange will be fairly expenseive BTC->USD->SEK and then hopefully SEK->USD->BTC.
submitted by kristoffernolgren to btc [link] [comments]

For Those in the US that want to buy Bitcoin through brokerage accounts

Reminder that the bitcoin ETN that trades in Europe can be bought through a brokerage account without having to pay the premium on GBTC. Even from the US.
That means to include IRA/Roth IRA money.
This proposes a value proposition since GBTC trades for a high premium compared to COINXBT which trades at a value of 1:1 to bitcoins value.
As an example, if you currently own GBTC, you could sell your shares and invest in the ETN, and get 60% more BTC exposure for the same money. Something to mull over.
Step 1 - Open up an account at (takes 1-2 Biz days to verify. Your brokerage might already have access to the Nordic Nasdaq, in which case proceed to step 2)
Step 2 - Deposit minimums (I think its $10,000 which can be a combo of securities and cash. IRA accounts at $5,000 min. 3-5 Biz days)
Step 3 - Exchange $ to EUR or SEK - Their customer rep explained it as necessary.
Step 4 - Buy the Bitcoin XBT via the EUR instrument or the SEK instrument. I think the fee is like $5-$10, not sure. plus whatever the ETN fee is (2.5%?)
Happy Arbitraging!
submitted by rocketsurgeon87 to Bitcoin [link] [comments]

Easy (?) programming task for reddcoins (+tip for your trouble)

Hello, please remove if inappropriate.
I am mining reddcoins atm using cudaminer and I am looking for someone to make a couple simple (I presume) scripts (.bat or something compileable to .exe).
300-1000 per task depending on what I value it at/what we agree on.
PM for more info or before you begin the work since I might be slow on updating thread.
submitted by niklasreddit to ReddcoinTippingArmy [link] [comments]

[H] 54 keys [W] BTC or Swish

b/o 1.85$ valued in bitcoins per key. 17.5 SEK each with Swish. Send me a PM and we'll talk. Thanks
submitted by Eduroo to GlobalOffensiveTrade [link] [comments]

Does Bitcoin REALLY Have Value? The TRUTH About Bitcoin's ... #Coinbase Set to Pass $8,400,000,000 #Bitcoin Value Milestone Bitcoin Wallet Recovery Hardware BITCOIN Brain WALLET GENERATOR Bitcoin Wallet Generator

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Does Bitcoin REALLY Have Value? The TRUTH About Bitcoin's ...

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