Tag Archive | Blackcoin

Cryptocurrency Check & the Bitcoin Silver Scam

After bitching repeatedly about how other people need to do something to help protect consumers from shitcoins and scamcoins before too many ICOs run off with people’s money (and seeing Bitcoin Silver do exactly that), I laid out a plan and got to work on Cryptocurrency Check / Crypto Check. I prefer CryptoCheck, which is the name I went with on Facebook (although the page URL is https://facebook.com/cryptocurrencycheck ). The website URL is https://cryptocurrencycheck.org.

What is this for?

There are a lot of scamcoins and shitcoins out there, and, as I detailed at length in my previous post, these pose a serious risk to the type of consumer that doesn’t look into things much before they buy them. I’m well aware that this won’t change simply because there’s a Wiki that explains cryptocurrencies in terms that ordinary people can understand, and if they’re not inclined to Google something before they drop $5,000 on it, then they won’t find my new project in the first place (note: I’m looking for help, because this is a massive undertaking). However, maybe we can get to a point where ICOs have “CryptoCheck Approved!” on their websites before they go live. Maybe we can get to a point where people responding to ICO news with “This ICO is marked as a scam by CryptoCheck” will prevent these ICOs from gaining traction in the first place. These people do it because there’s money in it. Bitcoin Silver ran off with nearly 400 ETH this month, and there is no indication that people who gave them Ethereum will ever see that money again.

I want the site to be useful. To that end, the main page features a list of currencies already investigated. As you see, I’ve yet to do Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dogecoin, Ripple, DASH, Bitcoin Gold, and countless others. This truly is a massive undertaking, because it involves actual investigation. At the very least, the whitepaper has to be examined, carefully inspected, and judged impartially. The website has to be inspected and investigated. The developers, if possible, have to be reached out to. And then they have to convince me that it’s not a scamcoin or shitcoin. I haven’t even defined on the site yet what “scamcoin” and “shitcoin” mean, because there’s so much to be done. I’m working on it, though, as you can see on the site. Not all of the links are dead! lol

I want an ICO to be announced and to have people across the world immediately tag CryptoCheck to look into it, and I want people saying “I’m not giving you guys a single Satoshi until you’ve been cleared by CryptoCheck.” And I want CryptoCheck to have a sterling reputation for being reliable, fair, honest, and diligent–and for erring on the consumers’ side when we make mistakes. Because “scamcoin” and “shitcoin” are judgement calls–this is stated on the site. It’s something you can only decide after digging deep into the currency and getting a feel for what you’ve learned. It’s an art, not a science, and there will be mistakes. But my goal is to protect consumers. I do not care one tiny bit if we cost a legitimate ICO 1,270 Ethereum in investors.

One too many cries of “We sank our life savings into something that turned out to be a scam!” will get the government involved, and everyone will suffer for it. We can say until we’re blue in the face “Caveat emptor, dude, you should look into things before buying them lol,” but it won’t stop the government from getting involved. Nor will it do anything to get people to start looking into things. We have to be more responsible. That starts with CryptoCheck and things like it. We already know that some people out there will blithely walk right into a scam.

And the other thing?

The site has two purposes wrapped up in one larger purpose. The larger purpose is to help and protect the masses in regard to cryptocurrencies. This is not limited to simply checking out potential scams. That’s not the biggest problem confronting cryptos today. No, today the biggest problem is a reckless overabundance of jargon, technical bullshit, and complexity that serves only to intimidate people and keep them from getting involved. The premier website for all things Bitcoin, https://bitcoin.com, has fallen into this; in a recent article, they repeatedly referred to Bitcoin as “segwit.” This is not only unclear, unhelpful, and inaccurate, it’s intimidating to people who would otherwise make their first Bitcoin purchase, because no matter how hard they look, they won’t find “Segwit” listed on any exchange, and Bitcoin.com knows this. This is nothing more than a continuation of their insistence that “Bitcoin Cash is the real Bitcoin,” which evidently leaves them unable to simply call Bitcoin “Bitcoin.”

That sort of thing isn’t helping. It’s hurting. If people Google “Bitcoin,” they will almost certainly land on Bitcoin.com, where they will be treated to confusing articles and technical jargon, none of which makes sense to a person who isn’t already knowledgeable about Bitcoin, and the only explanation is buried deep in the archives from several weeks ago. It’s an absolute disgrace, and they should collectively be ashamed of themselves for fostering confusion and intentionally raising the barrier of entry to keep people out of cryptocurrencies.

This past week on “The Call to Freedom,” we had on Peter Ver (we also had on Janko33, a developer of Blackcoin), who alleged that the Bitcoin Core team is actively trying to kill Bitcoin. That may be, but so is he, whether he means to be or not. Raising the barrier of how much knowledge is needed to enter the cryptocurrency market means demand will not increase, and this was his camp’s side sowing this confusion.

Nothing is ever presented in plain language for ordinary people to understand. They don’t really need to know about Byzantine Fault Tolerances, you know? They don’t care about that, and such language will only chase them away. They need to know why cryptos are safe, secure, and reliable. They don’t need to know why you think cryptocurrencies are revolutionizing the world. They need it explained to them in terms they understand.

It’s not because they’re stupid that people need the technical bullshit ignored in favor of realistic, ordinary terminology that they actually understand. It’s because they’re unfamiliar with the subject, terminology, and (often) technology. The only context they have for understanding what a “wallet” is… is the leather thing they fold and put in their purse or pocket. So when you talk about “wallet addresses,” you lose them. Their wallet doesn’t have an address. “Its address is my back pocket!” they might say, roll their eyes at the absurdity and unfamiliarity of what you’re saying, and walk away from cryptocurrencies. Explaining crypto wallets with the analogy of a debit card, with the card number being the Public Key and the PIN being the Private Key, will make infinitely more sense to them (and it will actually be more accurate, since crypto wallets don’t actually hold any currency–they just access the places where that currency is held). They understand a wallet as something they take out of their pocket, put money in, and put back into their pocket. Tell them to download a wallet, and they’re smart enough to extrapolate the basic idea (it will be something that holds money), but they’ll misinterpret and misunderstand, coming to the conclusion that the software on their phone or PC actually contains their money.

As a culture, we don’t want this. I promise you that we don’t want this. Those trying to overcomplicate the matter and keep it so technically confusing that laypeople can’t enter do not have cryptocurrency’s best interests at heart; they are more concerned with their ego and their feeling of how much smarter they are than everyone else. We have to fight this culture of arrogant elitism if we want mass adoption, and that means putting an end to the unnecessary jargon and the intentional overcomplication and obfuscation.

Bitcoin Silver

If you take nothing else away from this article, let it be that Bitcoin Silver is a scam. If anyone offers to sell it to you, do not accept it. For one, they will probably never actually have the tokens. The last thing we’ve heard from Bitcoin Silver is that the ICO is “ending soon.” It ended 3 days ago. Their Twitter account did not announce the end of the sale, which is a concern since their Ethereum addresses are still active and accepting coinage. Compare that to Airswap, who regularly communicated with users during their ICO, used an automated system to accept payments that rejected payments outside of the allotted times, and announced the end of each sale on Twitter. These unnamed, mysterious people responsible for Bitcoin Silver almost certainly took the 390 Ethereum they made and ran. They didn’t even bother to announce the end of the ICO, for fuck’s sake.

And look at them contradicting their own whitepaper right here:

But Bitcoin Silver isn’t what motivated me to make the site. I’ve been going on about this problem for weeks, if not months, and laying the responsibility on Jaxx and Coinomi to fix. That’s true–they certainly should do more to fix it. But I can do something, too. There is a Blackcoin QR on the main page (it’ll be buried in the site in a few days), and the site will only ever accept Blackcoin, because it has the lowest fees of all the respectable coins. Why Jimmy Wales needs millions of dollars to operate Wikipedia is anyone’s guess. I need I think $9 a month. But I’ll pay that myself as long as I have to, because this is something that needs to be done. Information about all of these coins needs to be in one place. A Cryptocurrency Users’ Guide, if you will. A catalogue, perhaps. What is the word I’m looking for? A Buyers’ Guide. There we go.

Needing Help

I’m looking for help, but not employees. All work will be voluntary, and not paid. Maybe one day CryptoCheck will have the resources to pay people, but that day isn’t today. But if you believe in the ideas I’ve outlined, help me do it. Get in touch with me at aria@cryptocurrencycheck.org or aria@anarchistshemale.com. They both go to the same place, so it doesn’t matter which you use. Cryptocurrency is what WE make it. So let’s make it something awesome.

How Coinbase is Saving the Crypto Market

People like to talk shit about Coinbase. And, in a lot of ways, I get it. They certainly didn’t make it easy for people to retrieve their Bitcoin Cash (much less Bitcoin Gold–which may not be retrievable at all), but at least they’ve done better on that front than Jaxx. But there’s more to it than that. There’s also some elitism, which I also get. I have the same elitism, as a tech person, toward Apple users in general, but especially people with iPhones. I refused to watch Rick & Morty for a long time, simply because it was popular. And people who played Final Fantasy XI absolutely hated World of Warcraft players. There’s this whole “Our thing is more complex and cool than your thing. Our thing is for the hardcore, freaking noobs!” aspect to it. Then there’s the fact that Coinbase holds onto your private keys, but the only people who care about this also know how easy it is to get around–simply send the cryptos to another wallet.

A lot of these types would deny that Coinbase is doing anything good, despite how they are attempting to stand up to the IRS to protect their users from invasion by government goons. The government, predictably, doesn’t like that it has no idea who has crypto and who doesn’t, and the best way to find out that info is to break into Coinbase’s vault, steal their records, and create a database of known crypto users to watch. They’re actively attempting to do this, and Coinbase is attempting to stop it. If I was CEO, I would be preparing to close my U.S. operations and permanently wipe all our data before the U.S. government could get their hands on it. Coinbase is also attempting to bring in huge investors–people who would be dropping millions at a time on crypto purchases, and Coinbase has a phenomenal track record of security and protection.

But there’s one other thing they do that they’re often criticized for, when, in reality, it’s the best thing that they do:

Coinbase is notoriously unwilling to put new coins on its store.

This draws the ire of people who love Ethereum and the seventy-six million different bullshit Ethereum tokens available. I could create an Ethereum token right now if I cared to, and it costs almost nothing to do. Ethereum is a good idea, but there’s no gatekeeper to it, and anyone with a half-baked idea can create an Ethereum token, get some momentum going for it, and land it under dApps in Coinomi’s Ethereum wallet. If that wasn’t enough, there are thousands of entire cryptocurrencies that use their own blockchain and programming, some of them ridiculously niche and with less-than-half-baked concepts behind them.

Take Potcoin, for example. It’s a standard proof-of-stake coin long after Blackcoin proved that Proof of Stake is viable. So what is it? It’s a cryptocurrency that is essentially riding on the fact that it has “pot” in the name to be successful. It wants to be the primary payment method for the legal marijuana industry.

That’s stupid, and the exact opposite of what currencies are supposed to do. An Ethereum token would have been more suitable for this, but no. They went and created a currency. I don’t like the token idea anyway. I’ve long ripped into gaming companies like Microsoft and Nintendo for making you buy 800 Microsoft Points to buy a $10 game, instead of just buying the $10 game. They do this because they sell Microsoft Points in uneven packs. Maybe 1000 or 2000. The goal is for the person to have some “points” left over that are too small in quantity to use, forcing them to either pay more money to bring them up to a usable quantity (there’s nothing on the Microsoft Store for 100 points, after all), or to abandon the remainders as lost forever. This is an insidious way of charging people an extra $2 or $3 here or there, without their realizing it and without their noticing it. It’s a way of nickel and diming customers to death, and gaming companies are really nickel and diming their customers these days, with pre-orders, season passes, digital deluxe editions, Complete Editions, Definitive Editions, Collections, remakes, rereleases, and shitloads of DLC, not all of which is even covered by the season pass that players stupidly pay $30 for. But anyway.

So what they want to do, in effect, is bring that business model to the marijuana industry. There’s no other way to put it. That’s precisely what they want to do. They want to create “tokens” that customers have to use to buy pot. And since it’s Proof of Stake and they’re certainly holding half of that stake, every single purchase gets them more tokens–not to mention often leaving customers with quantities of tokens that can’t be used, just like Microsoft, Sony, and Nintendo do. We’ve been down this game before. I play the browser-based game Tribal Wars, and it does exactly the same thing. Due to selling some in-game resources, I ended up with 5 Premium Points that were utterly unusable. This is by design. It is a principle that is built into such systems. They don’t care if you have 0.0002 tokens that you will never, ever be able to use. Actually, they do care, and they want you to end up in that position. Because that’s free money for them.

There are tons of these currencies. Potcoin is just the most obvious example, by trying to frame itself as a token when it’s defined as a currency, setting such a horrifically stupid role for itself, and calling itself “potcoin” on the hope that the stoner crypto people will go “Hur hurr hurr, I want to hold some potcoin! yeah! Pot is awesome!”

There remain to this day people who think the Tool song “The Pot” is about marijuana. In fact, it’s a reference to “the pot calling the kettle black.” Maynard did this on purpose, of course, using lyrics like “You must have been high” throughout the song. For whatever reason, “pot” is a word that gets people to love the thing, presumably still in that high school mentality where it’s cool to be dumb and nothing is cooler than pot.

Let me just whip up Coinomi and look at random coins that I know nothing about:

  • Bitsend
  • Belacoin
  • Britcoin
  • Canada eCoin
  • Cannacoin (with a pot leaf as its logo, naturally–good, we certainly needed two marijuana coins)
  • Digibyte
  • Digitalcoin
  • EDRCoin
  • Feathercoin
  • GCRCoin
  • Hempcoin (ooh, THREE of them!…

You know, finding the third mariuana cryptocurrency just proves my point better than anything I could write, and I don’t think I’m even running the latest version of Coinomi on the phone I’m looking at. This is a disaster waiting to happen. It is classic market oversaturation. We need only look to 1983 and the video game crash of the same year to see exactly how this plays out.

If I cited your coin as a shitcoin above and you feel that this is in error, reach out to me at aria@anarchistshemale.com, and I’ll interview you for my new show, No Gods, No Masters, and we can clear the air. However, the odds are against you. However much you might think otherwise, chances are that yours is a shitcoin. I excuse Blackcoin only because it’s the world’s first 100% Proof of Stake coin, and it has been around now for nearly 4 years. I’ll be surprised if half of these are still here four years from now.

Video game makers and console manufacturers of the 80s did nothing to protect their hardware or their software, which I’m okay with them doing as long as there are no laws against piracy. They have every right to attempt to protect their products from being copied. But we have every right to attempt to bypass that protection. Anyway, what followed was predictable. People began releasing clones of clones of clones of clones of inferior games, and the market was flooded with Pak-Man, Tax Man, Pac-Man, Capman, APacman, and so on, and, in a lot of cases, consumers didn’t know the difference. Like an average person looking at Bitcoin, Bitcoin Cash, Bitsend, Bitcoinplus, Bitcoin Gold, and Bitcore. It confuses them, and I have to think some of this is intentional.

A flood of overhyped, bullshit games called E.T.: The Extra Terrestrial finally broke the camel’s back, but it was a long series of abuses and shitty products that led up to that. Consumers had simply had enough by the time Atari showed its own abject disdain for consumers by releasing that ungodly abomination as a completed game. By that point, they’d already been ripped off by Protector, which was a ripoff of Helper Jet, which was a ripoff of Laser Ship, was a ripoff of Defender. The consumer had already lost hundreds buying shitty games, and the overhyped E.T. was simply the last one–pretty much because it was so hyped (much like Bitcoin is becoming).

Everyday I see ads for “Don’t buy Bitcoin! Look at these 5 cryptos that are certain to pass Bitcoin!!!!!!11!11” bullshit. Have you been to Novacoin lately? They’re closing, but there seemed like thousands of freaking coins on that site, almost all of them junk. You could even see people in the chatroom call them out for being junk and scams. Novacoin and Coinomi’s standards are way too low, evidently.

Coinbase, thank goodness, is acting as the Nintendo of cryptocurrencies. They have tight and rigid standards for cryptos and whether they will or won’t add them, and we should all be on our knees thanking them for this. If Joe Plumber decides he wants to see what “all that thar Bittlecoon stuff is about,” he’s going to google it, and he’ll almost certainly end up on Coinbase. There, he will be introduced to three safe, secure, reliable, non-scam coins: Bitcoin, Ethereum, and Litecoin, in a safe and relatively risk-free environment. He won’t be flooded with a hundred different cryptocurrencies and left feeling like an idiot who picks one at random because he doesn’t want to feel like an idiot and wants to feel like he knows what he’s doing. He’ll see three.

Odds are, he won’t ever hear the words “Hempcoin” or “Belacoin” or “Cannacoin,” and thank God for that. Because most of these shitcoins are going to go under within a year or two, and do you know what would happen if the masses of people poured their money into these shitcoins, and then had the shitcoins vanish?

That’s right: a crash. And an enormous one.

In fact, due to Coinomi, Jaxx, Novacoin, Kraken, etc.’s looser standards, a crash is inevitable. Coinbase is merely delaying it. They can’t prevent it entirely, not when so many people want to create shitcoins that serve no purpose except to scam people out of money and then fade into oblivion because they never had more than a half-baked idea in the first place.

I’m not saying people who genuinely believe in Hempcoin shouldn’t be able to get it, and shouldn’t be able to store it in a wallet. Obviously, I’m not saying that. But I’m saying until your shitcoin has truly proven itself–I’d say that 2 years of survival should be the bare minimum requirement–you should be stuck using a coin-specific wallet.

Oh, look. Orangecoin no longer exists. I’m so surprised.

Buying shitcoins like Orangecoin and Hempcoin simply shouldn’t be so easy that stupid and careless people can do it accidentally. Careless and stupid people exist. We know they do. And if we don’t want government to step in and protect them from the consequences of being careless and stupid, then it’s on us to do so. It’s on Coinbase, Coinomi, Kraken, Novacoin, and Jaxx to do, and Coinbase is the only one stepping up to do it. I’m not saying bail people out. And I’m damned sure not saying let government get involved. In fact, I want you people (whoever is out there making bullshit currencies and bullshit ethereum tokens) to stop doing it so that the government doesn’t get involved. They will. They’ve done it before, man. And “Wah! We lost our money because we couldn’t be bothered to do any research before dropping our life savings into something!” has always been the excuse used for government power grabs. You think they won’t crush Coinbase if they get a good enough excuse? This is stuff that we can’t afford, in the long-run, to allow to happen.

We have to stop this. We have to prevent the crash. This means you, jackasses who made Britcoin, jackasses who made Putincoin, jackasses who made three separate marijuana coins. If you don’t have the self-restraint to not serve out bullshit, then Coinomi, Jaxx, et al. will have to step up and stop you. We need them to, and we need you to go away. And we need to be thankful that Coinbase’s extreme reluctance to add new coins is keeping cryptos accessible and relatively safe for the masses. Because if the ordinary person was presented with Coinomi’s massive list of coins the first time they went to purchase, we’d already have experienced the crash by now.

 

Your Chance to Win 10 Blackcoins

Win 10 Blackcoin!

I’m currently running a challenge where the winner will receive 10 Blackcoin (BLK). Granted, that’s just over $2 right now, but Bitcoin also used to be 20 cents each, and I’ll point out that, being the first 100% Proof of Stake coin, Blackcoin stands excellent chances of climbing very high. Hold onto them for five years and that may be a $500 reward. Or it may still be $2, no one knows.

Anyway.

Whoever makes the best photoshop of Augustus Invictus in an extremely compromising position wins. “Best” is completely subjective, and I couldn’t tell you what criteria I would find “best.” Something like Augustus giving head to a goat, making out with the Crying Nazi, or something like that. Bonus points if he’s making out with the Crying Nazi and they’re both dressed like the Village People. Be creative.