CryptoCurrency

Others: "I'm here to build wealth."
Me: "I'm here to collect funny monkey pictures and ride the meme wave."

#CryptoForFun #MemecoinAddict #NotAFinancialAdvisor #BlockchainAdventures #NFTCollector #DigitalEconomy #Web3Madness #InvestingOrJustVibing

I'm super excited to announce that cyphergoat.com is now live!

What is CypherGoat?

It is a crypto swap aggregator it automatically finds the best exchange rates from our partnered exchanges at no extra cost. You can then perform the swap on that exchange, without ever leaving our website! We currently support 12+ exchanges.

You can read a detailed announcement post on my blog

Why it stands out:

We will be the first open source crypto exchange aggregator on the market.

We offer an extremely easy to use interface for both advances and new users. CypherGoat is extremely fast since all estimates are provided in less than 5 seconds (unlike other aggregators)

We offer an open source privacy friendly cli, so that you can perform swaps without even using a web browser, GitHub repo: https://github.com/CypherGoat/cli

Giveaway:

We are giving away 50$ worth of XMR (or any crypto supported by CypherGoat) on twitter. Join the giveaway here

Head over to cyphergoat.com to see the magic for yourself ; )

cross-posted from: https://lemmy.ml/post/24975827

Do you think a corporation would do anything to get an extra 1% return on their next quarterly report? Would they do things that hurt them in the long-term just so this quarter looked good? Make their products worse for a quick buck? Fuck over their long-term employees they spent years training? Skimp on quality and safety? Yes. They absolutely would. Corporations pay 3-5% on credit card fees and wait weeks for settlement. Lightning is <1% and it's instant. It's that simple. That's why Bitcoin lightning is going to win in the long run.

It's the same reason the food cart down the street takes venmo: because, at one time, venmo was free, which made it cheaper than credit cards. It's not free now though, because it couldn't be sustainably free, because nothing is free, and because venmo has every incentive to suck every dollar of profit out of those transactions it can. They have a captive audience. Lightning doesn't work that way. Liquidity providers, nodes, etc they all have to compete for your payment, so over time, fees get lower, not higher. Venmo isn't growing in adoption any more among merchants, lightning is.

The savings on fees is so significant that merchants can offer a discount to customers equivalent to the customer's normal credit card cash back and the merchant can still save money compared to credit cards. Last time Bitcoin got real hyped and lots of merchant adoption, fees and transaction confirmation times became a limiting factor. That factor is gone now. Cash App, in the US, has 25% market penetration. That's a lightning wallet. When customers realize they can get a 3% discount everywhere just by using it? Game over for credit cards.

If you haven't tried lightning, it's awesome. Instant confirmation, fees <1%, and very decentralized. There were some growing pains, but it's pretty robust now, I use it on a daily basis. It's where the majority of Bitcoin transactions occur, and nostr users alone are using it to send millions of transactions a month.

cross-posted from: https://programming.dev/post/22952335

Hi Lemmy,

I'm Martin and have been working on a free and open-source, fully DIY crypto hardware wallet for a couple of months now. I' ve just published the first functional preview of the firmware, which can be built by anyone easily using Arduino IDE, and flashed to a variety of $5-off-the-shelve ESP32 boards from Aliexpress.

The first release will allow for storing up to 30 encrypted seed phrases, and Ethereum signing via Bluetooth Low Energy. Under the hood, it's powered by the cryptographic libraries written and used by Trezor.io.

Support for more interfaces and chains can be added fairly easily due to a modular structure, and there is a whole roadmap planned to extend functionality (starting with support for displays).

If you're interested to learn more, check out the README in the Colibri repository.

Please let me know what you think, and leave a 🌟 on Github if you like the project.

Also if there's anything that you've always missed in or been annoyed by a hardware wallet, your input would be greatly appreciated!

"Earlier that evening, at 7:48 pm PT, Biesk’s son had released into the wild 1 billion units of a new crypto coin, which he named Gen Z Quant."

I'm planning on getting a hardware wallet for better security, but one part of that which concerns me is backing up my seed phrase. I know I can back it up onto a dedicated metal card which is my plan, but I feel uncomfortable with the idea that my seed phrase is just sitting in my house or something out in the open.

I know it's not advisable to store your seed phrase in a password manager, but I was thinking I could split the seed phrase up and put part in my password manager and part on the physical backup? Something along those lines? I just want to make sure that there isn't a single place where someone would have to compromise, but instead they'd have to compromise both my digital and physical spaces.

Has anyone who has the same concerns come up with a good solution that works for them? Would love to hear about it.

I'm having trouble understanding what it is and how to use it. The project website seems to be filled with buzzwords but no actual usecase.

The name hints at a being a DEX, but that doesn't seem to be it. They talk about banking for everyone, but they don't have a coin. What exactly is it and how can one use it? Is it usable by laymen?

Maybe @[email protected] can answer or anybody else who understands it...

Anti Commercial-AI license

This exchange claims doing ~30% of Monero XMR trading volume following CoinGecko markets tab.

Monero is a good example because it's not that much speculated (more used as a currency), when looking kraken or tradeogre.

On an other side, nobody mentions Gate as a platform to buy Monero or as a liquidity provider for instant crypto exchanges.

Canary text deleted:

"The Ethereum Foundation (Stiftung Ethereum) has never been contacted by any agency anywhere in the world in a way which requires that contact not to be disclosed. Stiftung Ethereum will publicly disclose any sort of inquiry from government agencies that falls outside the scope of regular business operations."

In Ethereum the gasLimit is 21000. The constant.

I haven't found anywhere the value of it for Polygon, though. How much is it? For a token as well as for MATIC itself.

I've found the number 57000 on an explorer in a real TX. Yet I haven't been able to find a confirmation for it elsewhere.

What I need is to specify a limit in my codebase for transfers of MATIC and tokens only. There won't be any calls to smart-contracts. What number should I put there?

Simple question, but I haven't been able to find any decent answer yet: Does anyone have a good guide for reducing fees when buying and selling coins for fiat?