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Tron has now been added to Exodus.io wallet along with 26 other Ethereum Assets

 
February 17, 2018 - 7:32 pm
 
by Nandi Bear
 
 
tron-exodus.io-wallet-trx-tronix-new-wallet-exodus-1.45.0-release-february-15-2018-bitcoin-nandibear.com-luke

Are you looking for a wallet to store your Tron - TRX - Tronix?

You may now use the Exodus.io wallet to store your Tron ERC20 tokens and 26 other new Ethereum assets.

Tron and the other ERC20 tokens (see screenshot below) were added the other night, February 15th 2018, in version 1.45.0 of the Exodus wallet.

exodus-ethereum-assets-1.45.0-exodus.io-tron-tronix-trx-february-2018-release-nandibear.com-luke.png

Up until this new release of their wallet I believe that their policy indicated that certain criteria was to be assessed in order for an asset to be considered. The criteria to be assessed included Asset availability on ShapeShift [Exchange].

However, Tron and the 26 other new assets which have been added to the Exodus wallet are not available for exchange at ShapeShift.io. As such, these new assets cannot be traded among each other, or for other coins (e.g., Bitcoin, Bitcoin Cash, Bitcoin Gold, Dash), within the Exodus wallet.

The 27 new Ethereum assets are: Aeternity, Aion, Binance, ChainLink, Dent, Dentacoin, DigixDAO, Dragon, Ethos, ICON, Kin, Kyber, Loopring, Melonport, Po.et, Polymath, Populous, Power Ledger, Qash, RChain, Request, Revain, Tron, VeChain, Veritaseum, Walton and Wax.

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NIST - CSRC - Bitcoin is a fork and Bitcoin Cash is the original blockchain

 
January 28, 2018 - 11:39 pm
 
by Nandi Bear
 
 
bitcoin-is-a-fork-and-bitcoin-cash-is-the-original-blockchain-nist-csrc-national-institute-of-standards-and-technology-computer-security-resource-center-nandibear.com-luke-2018

According to NIST National Institute of Standards and Technology - CSRC Computer Security Resource Center:

In July 2017, approximately 80 to 90 percent of the Bitcoin computing power voted to incorporate Segregated Witness (SegWit, where transactions are split into two segments: transactional data, and signature data), which made it possible to reduce the amount of data being verified in each block. Signature data can account for up to 65 percent of a transaction block, so a change in how signatures are implemented could be useful. When SegWit was activated, it caused a hard fork, and all the mining nodes and users who did not want to change started calling the original Bitcoin blockchain Bitcoin Cash (BCC). Technically, Bitcoin is a fork and Bitcoin Cash is the original blockchain. When the hard fork occurred, people had access to the same amount of coins on Bitcoin and Bitcoin Cash.

Blockchain Technology Overview - page 41 of 57:

bitcoin-is-a-fork-and-bitcoin-cash-is-the-original-blockchain-nist-csrc-national-institute-of-standards-and-technology-computer-security-resource-center-page-41-nandibear.com-luke-2018

Blockchain Technology Overview

Source: https://csrc.nist.gov/CSRC/media/Publications/nistir/8202/draft/documents/nistir8202-draft.pdf

Wayback Machine: https://web.archive.org/web/20180129042518/https://csrc.nist.gov/CSRC/media/Publications/nistir/8202/draft/documents/nistir8202-draft.pdf

Nandibear.com PDF: https://nandibear.com/docs/bitcon-is-a-fork-and-bitcoin-cash-is-the-original-blockchain-nist-csrc-national-institute-of-standards-and-technology-computer-security-resource-center-nandibear.com-luke-2018-nistir8202-draft.pdf


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Blocktivity.info - The other face of the Blockchain and perhaps the real value of Blockchains versus market capitalization

 
January 24, 2018 - 12:08 am
 
by Nandi Bear
 
 
Blocktivity.info - The other face of the Blockchain and perhaps the real value of Blockchains versus market capitalization

How should the value of a cryptocurrency be calculated?

The Nandi Bear has previously written about figuring the value of Bitcoin: The first Bitcoin exchange site and how the value of Bitcoin was determined - New Liberty Standard - 5050 Bitcoins sold for 5 Dollars. Evidently back in 2009 the price of bitcoin was calculated by the rough cost of electricity needed to generate the coin (using NewLibertyStandard's electricity bill).

Most of us are familiar with Coinmarketcap.com which, as the name of the site implies, ranks a blockchain by the total dollar market value of each cryptocurrency's respective circulating supply.

Blocktivity.info presents an alternative, and remarkable, method of determining the value of blockchains by observing the activity on the blockchain. According to their site:

We are observing which project is actually being used by people, which is in our opinion, the best predictive indicator of value you can have.
Blocktivity.info - The other face of the Blockchain and perhaps the real value of Blockchains versus market capitalization

I find the Blocktivity.info site, and their method for determining the value of a blockchain, to be objective, compelling and persuasive.

Please also note the rank order of the top ten coins:

(1) Steem

(2) ETH

(3) BTS

(4) BTC

(5) LTC

(6) ETC

(7) DOGE

(8) BCH - Bitcoin Cash!

(9) Golos

(10) Dash

Other impressive and exceptional alternatives to Coinmarketcap.com include, though are not limited, the following:

(A) BPEeindex.com - Bitcoin Price Equivalence is, according to their site, a calculation of price, if the coin had the same supply as Bitcoin. BPE normalises price by removing unit bias, coins that look "cheap" are probably not as cheap as you think.

(B) Live Coin Watch - Very similar to Coinmarketcap.com but includes South Korean markets. For readers who aren't already aware Coinmarketcap.com removed South Korea Exchanges earlier this month - Jan. 2018. (Data from numerous exchanges around the globe is used to calculate averages.)

What do you all, the readers, think? What do you reckon is the best method for reckoning the value of a blockchain!

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Got ID? SALT lending now blocks withdraw of SALT coins from their platform if members do not verify their identity - Saltlending.com - 2018

 
January 8, 2018 - 12:01 am
 
by Nandi Bear
 
 
salt-lending-you-must-verify-your-id-before-you-can-access-this-feature-of-this-site-you-must-verify-your-identity-before-wthdraw-salt-coin-nandibear.com-luke-2018

Got ID?

Saltlending.com now blocks withdraw of SALT coin from their platform

I like the concept of SALT and Salt lending but when I logged into my account yesterday at Saltlending.com I could no longer withdraw SALT coins from the web wallet.

This change was unexpected. However, I really and truly don't trust web wallets (or a website that you log into) so I didn't have too many SALT coins stored within the Saltending.com platform site. I keep most of my SALT in an Exodus.io software wallet (or desktop wallet):

salt-lending-saltlending.com-january-2018-exodus-wallet-exodus.io-salt-coins-nandibear.com-nandibear-luke.JPG

It's unfortunate that Saltlending.com was not forthright and upfront with their policy to block withdraws of SALT coin.

It was understood from the outset that a similar policy would very likely be applied to receiving loans (e.g., US dollars sent to the customer's bank account in exchange for Bitcoin collateral). However, I don't believe that there was anything written (or any other indication whatsoever) regarding restricted transaction of SALT coins.

The only language which I remember that was at all related was something about identification being need if purchasing $2000 (two thousand dollars) or more of SALT from the Saltlending platform itself. However, the Nandi Bear never purchased any SALT from their platform (I traded Bitcoin for SALT through ShapeShift.io using my Exodus.io wallet). Moreover, the SALT which I transferred from Exodus to my Saltlending web wallet (sent 21 coins in total to the web wallet) has never been worth anywhere near $2000 dollars (not even using the platform's overpriced value of $25.00 (and now $27.50) per SALT coin (it's never been above the 'teens on any public exchange).

Apparently it may take weeks (or longer) for the Saltlending platform to verify identities. After I provided my personal information and identification I received an alert which uses ambiguous language:

You are now pre-approved to become a SALT member. SALT membership withdrawals will be accessible after your final approval. Expect to wait up to approximately 15 days after final review.

My thoughts and observation regarding SALT's ambiguous language:

(1) Sorry, I'm not 'now a pre-approved to become a SALT member.' I've already paid you last month, twice (two times), for a membership. At which times (both of them) your platform told me that I was a member.

(2) What is the significance of this word-salad: 'SALT membership withdrawals will be accessible after your final approval.' Sorry, I don't need a SALT membership withdraw (whatever that is) and what is 'final approval' supposed to mean? I didn't need any approval to move SALT in, and out, of your platform before now.

(3) Please tell us how long review takes rather than telling us how long it will take 'after' the review: 'Expect to wait up to approximately 15 days after final review.'

salt-lending-you-must-verify-your-id-before-you-can-access-this-feature-of-this-site-you-must-verify-your-identity-before-wthdraw-salt-coin-wait-approximately-15-days-after-final-review-nandibear.com-luke-2018

Perhaps Saltlending.com had little choice but to block unverified identities from withdrawing SALT coins from their platform web wallet.

We must (or at least we should) consider the tax reform bill (Section 1031) (LIKE-KIND EXCHANGES OF REAL PROPERTY) which was passed by the 115th Congress and signed by President Trump and appears to be effective as of January 1st, 2018:

sec-irc-section-1031-treatment-of-like-kind-exchanges-bitcoin-property-december-31-2017-january-1-2018-115th-congress-nandibear.com-luke

In any event I only have 5 remaining (of the 21) SALT within the platform itself.

1 SALT went for Base membership

10 SALT went for upgrade to Premier membership

5 SALT (the price is now 7 SALT) went to the purchase of a SALT Ledger Nano S:

salt-coin-nandibear-bitcoin-ledger-nano-s-nandibear.com-december-2017-luke

When I receive the SALT Ledger Nano S I'll take some pics and give my observation. If I've made any mistakes throughout any of the foregoing please let me know!

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