For discussion about Litecoin, the leading cryptocurrency derived from Bitcoin. Litecoin is developed with a focus on speed, efficiency, and wider initial coin distribution through the use of scrypt-based mining.
Today we begin #10Bitcoins - Where I'll try to trade 10 Bitcoins to 60 Bitcoins, and $38,000 to $228,000 in 5 years. That's 500% profit in 5 years, both in terms of Bitcoins and USD. Let's start by purchasing our 10 Bitcoins for $3,800 each, in exchange for $38,000 USD Cash.
The price of bitcoin has just skyrocketed past the $6,700 USD mark after gaining nearly $500 today and was just $5,693 just a week ago. In the midst of this recent rise in the BTC exchange rate, the dominate has also rose to over 59%, its highest since December 2017.
![img](vx21tyj995y21 "As Bitcoin [BTC] continues to fight the different, expected resistance levels, many are questioning how this might influence the altcoins market. In a new reporting, news outlet, NewsBTC provided examples as to how and why Bitcoin’s rise implies an outpouring effect on altcoins. ") As for how altcoins will travel with the current BTC dominance, CEO of The White Company, Elizabeth White was quoted. In particular, she argued that altcoins can travel up with Bitcoin dominance, and that it typically implies that strong altcoin projects are the one’s that’s left, as opposed to the weaker ones that simply end up disappearing. As per White, “The majority of speculative altcoins will end up thinly traded and die off because most of them have not done anything and have completed failed to realize their promises.”
Claim: I could move bitcoin up to $9000 USD now on one exchange by spending $39k USD in exchange fees, but adding $6.5 billion to the BTC market cap
Lately i've trying to understand what the true dollar cost of manipulating bitcoin would be given a lot of exchanges allow wash trades. Please poke holes into my theory: I grabbed the current ask orderbook from bitstamp. Summing up prices and quantities, it would take $78 million USD to chew through the orderbook up until the $9005/BTC level. However I wouldn't do it all at once. I would first place a bid to match the best ask, but at 3x the quantity. This would result in a trade, removing the best ask. Then, I would immediately sell back to myself, which results in another trade print to confirm the validity of the price level, and lets me end up with a flat position, but a there would still be a bid in place to maintain the price level. Then I would move on the next best ask. And keep executing this strategy until i have consumed all ask levels until $9005. I would have spent 0.25% * 2 * $78 million in fees = roughly $39k USD. Let's say i'm a whale who owns 100 BTC. If i'm successful in raising the price from $8600 to $9000 and having that price level stick, i've earned (9000/8600 - 1)8600100 = $40k USD from this operation. And the manipulation essentially pays for itself. Let's say I own 200 BTC. Then the profit is $41k USD. With exchanges allowing wash trades, how are we confident that the market prices reflect true supply and demand and won't crash? Also, with the upcoming bitcoin future, if a whale attempts this manipulation in reverse in an attempt to profit on the future, what will US financial regulators do ? Will they require largely unregulated exchanges to become regulated, disallow wash trades ? I'm very curious about what the future holds.
Middleman Solution for the New Market: Multi-Signature Bitcoin Transaction Players:
Buyer -- Player agreeing to buy item at specified cost
Seller -- Player agreeing to sell
Middleman (Arbitrator) -- Middleman agreed upon by both parties at specified fee
Fee Payer -- Either Buyer or Seller. Player to pay the fee to the Middleman
Agreement of Terms (Same as any other transaction + bitcoin address) Buyer and Seller agree upon terms of contract. List Specifics of what item is being traded. The price in Bitcoin. (USD to Bitcoin exchange rate: http://preev.com/ ) Buyer Bitcoin payment address (in case of failed delivery by seller). Seller Bitcoin payment address (completed delivery by seller) Buyer and Seller contact information. Buyer and Seller pick a Middleman and confirm with Middleman. Buyer and Seller agree upon which one shall pay Middleman’s fee. Agreement of maximum non-response time. Players (Buyer, Seller, Middleman) reddit usernames and associated RSI usernames
Middleman provides public key to Buyer and Seller via email.
Multi Signature Transaction (Buyer to Seller) Buyer starts new multi signature transaction: bitrated.com and enters the public key provided by the Middleman. Buyer shares URL provided by bitrated with Seller. Seller confirms contract.
Seller Transfers Ship to Buyer
Other terms agreed upon conclude/are met.
2 of the 3 parties agree that item has been transferred and terms met. Both buyer and Seller can agree that terms have been met and upon confirming through the multi-sig (bitrated) the funds are released to Seller.
In case of dispute, one party files dispute (built-in with bitrated) and middlemen settles allocation of payment and collects fee for services of settling dispute.
Be excellent to each other.
What works great:
Middleman (Arbitrator) does not hold the funds in escrow and cannot steal the coins or ships being used in the transaction and does not have to hold liability inherent with credit card funds.
Middleman is not needed for the transaction to complete.
Snatch and Run scams effectively eliminated.
Low cost as the Middleman price ceiling, max price charged, effectively set by Paypal. All charges should be between $0 and $ (paypal fee).
Website already exists for this type of transaction with no fee
What does not work so great:
Account claimback can still be problem. Clear documentation (receipt of ship, email confirmations, etc) would help in any such cases if CIG had to be involved, but CIG involvement is not good for the market.
If 2 parties are actually only 1 person.
Not everyone is comfortable working with Bitcoin.
Few traders here actually use Bitcoin
Please leave comments about how this is a great/terrible idea. This is a working document and would need revisions. -edit- cut out a lot of optional steps.
In a period of less than a month, I've seen the USD to bitcoin exchange rate increase from around $15 to nearly $28 as of right now. Now obviously this is still a new concept that's still pretty volatile. However, these skyrocketing prices alongside its ever increasing popularity and acceptance has really gotten me interested in investing. Just looking to see if any fellow Redditors have any experiences worth sharing.
Suggestion: put image memes and other joke threads into /r/bitcoincirclejerk
I think that as this subreddit grows, I would like to see the mods do better moderation and remove things like image memes, jokes, and other noise that add no meaningful content to this subreddit. People can post things like these in /bitcoincirclejerk . Every successful subreddit does the same thing, otherwise you risk turning into /gaming or /atheism which is just people competing to see who can get the most upvotes with funny image memes and there is never any interesting discussion or information there. Also I would like to make a suggestion to put the daily USD to Bitcoin exchange rate on the side bar so people do not feel compelled to inform everyone what today's exchange rate is on the front page. Thanks.
I have just recently stumbled onto the concept of Bitcoins. Unfortunately I am encountering some trouble with figuring out how to actually purchase Bitcoins. I looked on Ebay and it was all tangible currecy, which didn't seem right, at all. Would anyone mind explaining the whole USD to Bitcoin exchange to me? I would greatly appreciate it. Thanks in advance! =D
Hello all, Following the latest news, one thing has become very clear. We need an alternative to Mt.Gox. Now, I'm not going to insult or attack the exchange. I think, given the infancy of bit coins, it has done an excellent job. But the over-reliance of the bitcoin market on one, limited exchange creates instability. Worse, this consolidation in the bitcoin to USD exchange market creates a fatal flaw for the entire bitcoin trading network. So I have a humble proposal. We create a company, call it Redbitexchange, that hosts its own version of a USD to bitcoin exchange market. Basically, it would be a friendly competitor to Mt.Gox. I don't have the computer background to design and build this site, but I am interested in co-ordinating a group of us in designing, building, and running such a site. If we are successful in this, we can create a domestic alternative to Mt.Gox. Through competition, we can lower the costs of transaction fees and break Mt. Gox's near monopoly. Who's in?
Exchanging Euros for Bitcoins - How should I go about it?
I see a lot of USD toBitcoins exchanges and even Pound to Bitcoin, but cna anyone point me in the right direction as where I should trade my useless money for bitcoins? I really want to buy in but most places I go to accept only american banks!
Putting $400M of Bitcoin on your company balance sheet
Also posted on my blog as usual. Read it there if you can, there are footnotes and inlined plots. A couple of months ago, MicroStrategy (MSTR) had a spare $400M of cash which it decided to shift to Bitcoin (BTC). Today we'll discuss in excrutiating detail why this is not a good idea. When a company has a pile of spare money it doesn't know what to do with, it'll normally do buybacks or start paying dividends. That gives the money back to the shareholders, and from an economic perspective the money can get better invested in other more promising companies. If you have a huge pile of of cash, you probably should be doing other things than leave it in a bank account to gather dust. However, this statement from MicroStrategy CEO Michael Saylor exists to make it clear he's buying into BTC for all the wrong reasons:
“This is not a speculation, nor is it a hedge. This was a deliberate corporate strategy to adopt a bitcoin standard.”
Let's unpack it and jump into the economics Bitcoin:
Is Bitcoin money?
No. Or rather BTC doesn't act as money and there's no serious future path for BTC to become a form of money. Let's go back to basics. There are 3 main economic problems money solves: 1. Medium of Exchange. Before money we had to barter, which led to the double coincidence of wants problem. When everyone accepts the same money you can buy something from someone even if they don't like the stuff you own. As a medium of exchange, BTC is not good. There are significant transaction fees and transaction waiting times built-in to BTC and these worsen the more popular BTC get. You can test BTC's usefulness as a medium of exchange for yourself right now: try to order a pizza or to buy a random item with BTC. How many additional hurdles do you have to go through? How many fewer options do you have than if you used a regular currency? How much overhead (time, fees) is there? 2. Unit of Account. A unit of account is what you compare the value of objects against. We denominate BTC in terms of how many USD they're worth, so BTC is a unit of account presently. We can say it's because of lack of adoption, but really it's also because the market value of BTC is so volatile. If I buy a $1000 table today or in 2017, it's roughly a $1000 table. We can't say that a 0.4BTC table was a 0.4BTC table in 2017. We'll expand on this in the next point: 3. Store of Value. When you create economic value, you don't want to be forced to use up the value you created right away. For instance, if I fix your washing machine and you pay me in avocados, I'd be annoyed. I'd have to consume my payment before it becomes brown, squishy and disgusting. Avocado fruit is not good money because avocadoes loses value very fast. On the other hand, well-run currencies like the USD, GBP, CAD, EUR, etc. all lose their value at a low and most importantly fairly predictible rate. Let's look at the chart of the USD against BTC While the dollar loses value at a predictible rate, BTC is all over the place, which is bad. One important use money is to write loan contracts. Loans are great. They let people spend now against their future potential earnings, so they can buy houses or start businesses without first saving up for a decade. Loans are good for the economy. If you want to sign something that says "I owe you this much for that much time" then you need to be able to roughly predict the value of the debt in at the point in time where it's due. Otherwise you'll have a hard time pricing the risk of the loan effectively. This means that you need to charge higher interests. The risk of making a loan in BTC needs to be priced into the interest of a BTC-denominated loan, which means much higher interest rates. High interests on loans are bad, because buying houses and starting businesses are good things.
BTC has a fixed supply, so these problems are built in
Some people think that going back to a standard where our money was denominated by a stock of gold (the Gold Standard) would solve economic problems. This is nonsense. Having control over supply of your currency is a good thing, as long as it's well run. See here Remember that what is desirable is low variance in the value, not the value itself. When there are wild fluctuations in value, it's hard for money to do its job well. Since the 1970s, the USD has been a fiat money with no intrinsic value. This means we control the supply of money. Let's look at a classic poorly drawn econ101 graph The market price for USD is where supply meets demand. The problem with a currency based on an item whose supply is fixed is that the price will necessarily fluctuate in response to changes in demand. Imagine, if you will, that a pandemic strikes and that the demand for currency takes a sharp drop. The US imports less, people don't buy anything anymore, etc. If you can't print money, you get deflation, which is worsens everything. On the other hand, if you can make the money printers go brrrr you can stabilize the price Having your currency be based on a fixed supply isn't just bad because in/deflation is hard to control. It's also a national security risk... The story of the guy who crashed gold prices in North Africa In the 1200s, Mansa Munsa, the emperor of the Mali, was rich and a devout Muslim and wanted everyone to know it. So he embarked on a pilgrimage to make it rain all the way to Mecca. He in fact made it rain so hard he increased the overall supply of gold and unintentionally crashed gold prices in Cairo by 20%, wreaking an economic havoc in North Africa that lasted a decade. This story is fun, the larger point that having your inflation be at the mercy of foreign nations is an undesirable attribute in any currency. The US likes to call some countries currency manipulators, but this problem would be serious under a gold standard.
Currencies are based on trust
Since the USD is based on nothing except the US government's word, how can we trust USD not to be mismanaged? The answer is that you can probably trust the fed until political stooges get put in place. Currently, the US's central bank managing the USD, the Federal Reserve (the Fed for friends & family), has administrative authority. The fed can say "no" to dumb requests from the president. People who have no idea what the fed does like to chant "audit the fed", but the fed is already one of the best audited US federal entities. The transcripts of all their meetings are out in the open. As is their balance sheet, what they plan to do and why. If the US should audit anything it's the Department of Defense which operates without any accounting at all. It's easy to see when a central bank will go rogue: it's when political yes-men are elected to the board. For example, before printing themselves into hyperinflation, the Venezuelan president appointed a sociologist who publicly stated “Inflation does not exist in real life” and instead is a made up capitalist lie. Note what happened mere months after his gaining control over the Venezuelan currency This is a key policy. One paper I really like, Sargent (1984) "The end of 4 big inflations" states:
The essential measures that ended hyperinflation in each of Germany,Austria, Hungary, and Poland were, first, the creation of an independentcentral bank that was legally committed to refuse the government'sdemand or additional unsecured credit and, second, a simultaneousalteration in the fiscal policy regime.
In english: *hyperinflation stops when the central bank can say "no" to the government." The US Fed, like other well good central banks, is run by a bunch of nerds. When it prints money, even as aggressively as it has it does so for good reasons. You can see why they started printing on March 15th as the COVID lockdowns started:
The Federal Reserve is prepared to use its full range of tools to support the flow of credit to households and businesses and thereby promote its maximum employment and price stability goals.
In english: We're going to keep printing and lowering rates until jobs are back and inflation is under control. If we print until the sun is blotted out, we'll print in the shade.
BTC is not gold
Gold is a good asset for doomsday-preppers. If society crashes, gold will still have value. How do we know that? Gold has held value throughout multiple historic catastrophes over thousands of years. It had value before and after the Bronze Age Collapse, the Fall of the Western Roman Empire and Gengis Khan being Gengis Khan. Even if you erased humanity and started over, the new humans would still find gold to be economically valuable. When Europeans d̶i̶s̶c̶o̶v̶e̶r̶e̶d̶ c̶o̶n̶q̶u̶e̶r̶e̶d̶ g̶e̶n̶o̶c̶i̶d̶e̶d̶ went to America, they found gold to be an important item over there too. This is about equivalent to finding humans on Alpha-Centauri and learning that they think gold is a good store of value as well. Some people are puzzled at this: we don't even use gold for much! But it has great properties: First, gold is hard to fake and impossible to manufacture. This makes it good to ascertain payment. Second, gold doesnt react to oxygen, so it doesn't rust or tarnish. So it keeps value over time unlike most other materials. Last, gold is pretty. This might sound frivolous, and you may not like it, but jewelry has actual value to humans. It's no coincidence if you look at a list of the wealthiest families, a large number of them trade in luxury goods. To paraphrase Veblen humans have a profound desire to signal social status, for the same reason peacocks have unwieldy tails. Gold is a great way to achieve that. On the other hand, BTC lacks all these attributes. Its value is largely based on common perception of value. There are a few fundamental drivers of demand:
Means of Exchange: if people seriously start using BTC to buy pizzas, then this creates a real demand for the currency to accomplish the short-term exchanges. As we saw previously, I'm not personally sold on this one and it's currently a negligible fraction of overall demand.
Criminal uses: Probably the largest inbuilt advantage of BTC is that it's anonymous, and so a great way to launder money. Hacker gangs use BTC to demand ransom on cryptolocker type attacks because it's a shared way for an honest company to pay and for the criminals to receive money without going to jail.
Apart from these, it's hard to argue that BTC will retain value throughout some sort of economic catastrophe.
BTC is really risky
One last statement from Michael Saylor I take offense to is this:
“We feel pretty confident that Bitcoin is less risky than holding cash, less risky than holding gold,” MicroStrategy CEO said in an interview
"BTC is less risky than holding cash or gold long term" is nonsense. We saw before that BTC is more volatile on face value, and that as long as the Fed isn't run by spider monkeys stacked in a trench coat, the inflation is likely to be within reasonable bounds. But on top of this, BTC has Abrupt downside risks that normal currencies don't. Let's imagine a few:
A critical software vulnerability is found in the BTC codebase, leading to a possible exploitation.
Xi Jinping decides he's had enough of rich people in China hiding their assets from him and bans BTC.
Some form of bank run takes hold for whatever reason. Because BTC wallets are uninsured, unlike regular banks, this compounds into a Black Tuesday style crash.
Blockchain solutions are fundamentally inefficient
Blockchain was a genius idea. I still marvel at the initial white paper which is a great mix of economics and computer science. That said, blockchain solutions make large tradeoffs in design because they assume almost no trust between parties. This leads to intentionally wasteful designs on a massive scale. The main problem is that all transactions have to be validated by expensive computational operations and double checked by multiple parties. This means waste:
BTC was estimated to use as much electricity as Belgium in 2019. It's hard to trace where the BTC mining comes from, but we can assume it has a huge carbon footprint.
A single transactions is necessarily expensive. A single transaction takes as much electricity as 800,000 VISA transactions, or watching 50,000 hours of youtube videos.
There is a large necessary tax on the transaction, since those checking the transaction extract a few BTC from it to be incentivized to do the work of checking it.
Many design problems can be mitigated by various improvements over BTC, but it remains that a simple database always works better than a blockchain if you can trust the parties to the transaction.
Carney highlighted the dollar’s use in international securities issuance, its use as the primary settlement currency for international trades and the fact that companies use dollars as examples of its dominance. However, “developments in the U.S. economy, by affecting the dollar exchange rate, can have large spillover effects to the rest of the world.”
In an article published by ID2020 in 2018, vaccines are the perfect way to introduce digital identity to the world – especially infants. This identity would also be used to grant access to basic rights and services.
Your new digital ID will then be matched with your new digital currency issued by your central bank. They will have the absolute, uncontested right to decide whether you can have access to basic rights and services, or not. It will only take a click on the mouse to deny your access to basic rights and services. And you won't know the reason. It could be for wrong thinking, it could be to pursue another political agenda to eliminate whichever community they decided they need to eliminate. We have seen plenty of evidence this year about the strong political bias that big social media platforms have. Now, with the constant monitoring and analyzing of our data, they can easily tell what are our political opinions. And therefore have your access to basic rights and services denied with a click, if you have the 'wrong' political opinions. And I don't see why they would not do that. In a very close future, you could end up in a situation where you have to choose between being allowed to eat, or vote for the candidate you don't like, but that the system endorses. It's literally the end of democracy, and freedom, and there is no going back once we have switched to this new system. All the above is not even a conspiracy. It's merely about connecting the dots, and understanding the implications. edit: here is a video of Accenture, one of the founding partners of id2020, explaining about the digital dollar I think covid was a catalyst to bring all these changes. Who else than the international financial system has the ability to have all countries on the planet to comply with such severe restriction rules that send their respective economies and societies down the toilet ?
Can I use the old USD in the bank (lollars) to buy online?
Most banks have very low internet limits. We're talking about $15-$20 per month limit. It is expected that all banks decrease this limit to 0 soon. That being said, banks are not treating customers equally. You might have a better internet limit than other people. Call your bank's call center and ask about your internet limit.
Can I use my LBP card to pay online?
Banks stopped all fx transactions (changing from LBP to USD). So the answer to this question is 99% of the time no. That being said, banks are not treating customers equally. You might have a better internet limit than other people. Call your bank's call center and ask about your internet limit.
Amazon/Expedia/Steam/Other website is showing the items in LBP and the invoice and total are in LBP, can I use my LBP to pay it?
No. Amazon and other websites show their invoices in all currencies around the world depending on where you're opening the website from. They only accept USD. When you click to purchase, Amazon will attempt to bill your card in USD. Your bank will refuse to exchange from LBP to USD and the payment will be declined.
NightOwl Halloween Drop: Descriptions, Info, FAQ and Tips
This will be the last I'll post in-regards to NightOwl drops.From now on drop info will be posted in the NightOwlseeds subreddit We can only pin 2 posts at a time, and it can get confusing for new and existing users. I will be updating this thread throughout the day, check last edited.- NightOwl subreddit linked,
"My pack has a blank label, how do I know what I have?"
Those are the "Secret Owl Society" packs, they come labeled with UV ink. Daz almost always provides a small blacklight keychain, use it to reveal the pack name.
"Can I make multiple orders and get the tester pack?"
As long as the combined total is $250, and hasn't been shipped yet, then you get 1 tester pack ($500 for 2 tester packs). A new bit of info, you get another tester pack per $250 spent, dealer's choice.
No, you don't need TSB Premium to make a purchase. This was an option for paying members to get a chance to access the drop early. Nothing was exclusive to premium, everyone has access to all the strains.
"I got a confirmation email, it still says "processing", should I be worried?"
As long as you have a confirmation email (maybe a paid email), then there's nothing to worry about your order has been received.
When purchasing NightOwl seeds from The Seed Bazaar on 10/10 at 12 AM, WHATEVER IS IN YOUR CART, ISN'T RESERVED. NEW TIPS ITEMS ARE ADDED/UPDATED ONE BY ONE. THERE ARE TWO PAGES OF SEEDS. IF YOU HAVE AN ISSUE WITH YOUR ORDER EMAIL [[email protected]](mailto:[email protected]) PREMIUM ISN'T NECESSARY. It's best to purchase what you want FAST, everything is and always has been limited in quantity. Don't leave the item(s) in your cart and go check your plants and start some LST or a res change, don't go start cleaning your tent, CHECK YOUR ITEMS OUT FAST. Orders usually are combined to help with shipping, this should help with ordering fast, and comments have been enabled at checkout too 👍. Last tip, make an account ahead of time, and login. Should help speed up the checkout process. Price per pack is $50 USD. Website and packaging say 3 seeds but typically get 5 no option for other pack sizes, plus free international shipping. This is the LAST SCHEDULED DROP from NightOwl till Valentine's day, which is expected to have the new F4 photo to auto cultivars. This is if there aren't any delays or setbacks in the timeline. The new NightOwl Sweater doesn't have a set date yet, could be some time in November. Chocolates are for the US only, food and customs don't go together. I THINK Daz said put it in the comments if you'd like the chocolate and he'd get back to you to figure out how to ship it (might have to pay for packaging and postage). Only If there are chocolates or ashtrays left, Daz will offer them up as an item on the seed bazaar for the cost of shipping which is usually around $15. Seedopoly boards are being sent out, pieces won't go out till the New Year, and the prizes are US only.
Spend $250 get an UNRELEASED TESTER PACK
Spend $500 get 2 UNRELEASED TESTER PACKS
Tester packs are labeled, but unknown till you receive it.
Scratch Card Game
Match the Mummies, scratch card game *WHILE SUPPLIES LAST, 1st COME 1st SERVED\*
Zamaldelica Express x Cosmic Queen 75/25 Sativa/Indica 75-80 days from sprout A long time coming, the Galaxy Brain is finally here! These large, branchy plants are covered with frost from the stems up! Piercingly sweet fruit scents and mouth coating flavors accompany a soaring euphoric head high, along with a relaxing body effect that doesn’t hamper your daily activities. I’m expecting this one to become a staple in the autoflower connoisseur’s garden. The reversal used was selected from over 40 Cosmic Queens and was extremely sativa dominant. I used this same expression for an unreleased seed run a few years back and she produced some of the most exquisitely beautiful and flavorful flowers. The female used was extremely pungent, with sappy and bulbous resin heads that stink up the whole room when burst. She also had extremely fat calyxes, providing massive amounts of surface area for the resin heads to call home.
Fugue State x Cosmic Queen True F1 Hybrid Limited Edition 75/25 Sativa/Indica 75-85 days from sprout 2-4 ounces average 3 Feminized Seeds Large, easy growing sativa dominant plants with heavy branching and intense crystal production. Super sweet, peppery, and buttery flavors accompany an intensely uplifting head high and an electrically charged body feel. The Spotless Mind name gives a tip of the cap to the Amnesia Haze in her heritage, which carries through to this cross. Overindulge and you will find yourself becoming forgetful and may experience recollection difficulties, but in a fun way. She has also been known to encourage bedroom activities, making for a nice nightstand stash. If you are looking for an anytime sativa that won’t make your mind race aimlessly, look no further. The same reversal that was used for Galaxy Brain and Cosmic Apprentice was also used for this Limited Edition.
Blue Microverse F4 x Cosmic Queen F4 *Quick Finish* 50/50 Sativa/Indica 65-75 days from sprout 1.5-3 ounce average 3 Feminized Seeds Expect medium to large plants with creamy blue raspberry lemonade golf ball buds running along the side branches, leading up to chunky top colas all wrapped in gooey, long-stemmed trichomes. Another beautiful true F1 hybrid with a 50/50 blend for a balanced, comforting mind and body experience. Great for relaxing after work when you’re ready to start winding down. For the reversal I used a stocky, faster finishing Cosmic Queen as the pollen donor which will help add vigor and potency while keeping the stretch down. **Be sure to keep airflow and humidity in check during the final few weeks, as the flower density can lead to bud rot in the wrong conditions. **
Strawberry Nuggets F4 x Cosmic Queen F4 *Quick Finish* 40/60 Sativa/Indica 65-75 days from sprout 1.5-3 ounce average 3 Feminized Seeds Expect medium-sized bushes with very sturdy branches that reach up and fill the canopy alongside the main cola. Rock hard nugs of pinks, purples, emerald, and blue hues will create all the bag appeal you could ask for, with a sweet cheesy strawberry funk that will have you smelling the bag again and again. Another true F1 and the heaviest indica hybrid of the lot, ranging from therapeutic to narcotic depending on your intake. Perfect for a dessert smoke or nightcap to relax your body before sailing off into the dream world. For the reversal I used a stocky, faster finishing Cosmic Queen as the pollen donor which will help add vigor and potency while keeping the stretch down. ***Be sure to keep an eye on these during early as the Strawberry Nuggets line can throw a ball or two during sexing, right where the side branches meet the main stem. It is rare, but can be brought about by stress or too strong an application of nutes during the sexing stage and seems to be most common when using humic acid. If you do see a ball pop up it can be removed and the plant will continue on fully female to finish her life. Also, keep airflow and humidity in check during the final few weeks, as the flower density can lead to bud rot in the wrong conditions. **\*
(Chem City Blues x Chemdogging) X Cosmic Queen F4 *Super Sativa* 60/40 Sativa/Indica 75-85 days from sprout 2-4 ounce average 3 Feminized Seeds Expect large, easy growing plants with satellite branches that reach up to the shoulders of the canopy, but be sure to stake her before she goes too far into flower or she will buckle under the weight of her blooms. The piercing old school perfumes she puts off range from skunky blueberries to creamy chems, and her soda can cola structure is sure to impress! This F1 polyhybrid is recommended for heavier smokers and those looking for help with pain management, and can be a bit too much too fast for the uninitiated. Carbon filters are always a must indoors, and best to make sure they’re in proper working order before running these. The Cosmic Queen reversal used for this cross was what I consider the super sativa expression of CQ. Tall, stretchy, thinner leaves, incredibly sweet resin, bag appeal, pest, and pm resistant with an elongated bud structure that is excellent for outdoors and in. Don’t miss out!
Mango Smile x Cosmic Queen F4 *Super Sativa* 70/30 Sativa/Indica 75-85 days from sprout 2-4 ounce average 3 Feminized Seeds Expect large, easy growing plants with sturdy branching and individual bud sites running their length, met with a small cola cluster at their end. This true F1 hybrid has beautiful tropical citrus flavors that will send you off on an island vacation, while the effects will leave you physically and mentally heightened and ready for anything the day throws your way! Extremely pleasant all day/everyday smoke, sure to be a crowd-pleaser. The Cosmic Queen reversal used for this cross was what I consider the super sativa expression of CQ. Tall, stretchy, thinner leaves, incredibly sweet resin, bag appeal, pest, and pm resistant with an elongated bud structure that is excellent for outdoors and in. Don’t miss out!
Forum Stomper x Cosmic Queen F4 *Quick Finish* 60/40 Sativa/Indica 65-75 days from sprout 1.5-3 ounce average 3 Feminized Seeds Expect medium-sized bushes with stout branches that reach up and form a canopy surrounding the main cola. Incredibly resinous chunky white nugs and dark forest green foliage fade to the deepest purples and blacks under cooler temperatures. She will have true F1 hybrid vigor and produce a delicious mix of forum cookies and cosmic cream flavors along with an abundance of “fall off the stalk” gland heads that will put everything else around your trimbin to shame. Effects are stoney, both physically and mentally, without the couchlock. She could easily fill the role of all day/everyday smoke if you have a decent tolerance already. For the reversal I used a stocky, faster finishing Cosmic Queen as the pollen donor which will help add vigor and potency while keeping the stretch down.
Super Orange Haze F4 X Cosmic Queen F4 *Super Sativa* 70/30 Sativa/Indica 70-80 days from sprout 1.5-3 ounce average 3 Feminized Seeds Expect medium-sized, easy growing plants with shorter side branches that reach about half the height of the main cola. Floral and sour citrus flavors with an uplifting effect that is great for early morning and afternoon indulgences. Bag appeal is also of no concern, as this true F1 hybrid has it in spades! The Cosmic Queen reversal used for this cross was what I consider the super sativa expression of CQ. Tall, stretchy, thinner leaves, incredibly sweet resin, bag appeal, pest, and pm resistant with an elongated bud structure that is excellent for outdoors and in. Don’t miss out!
Toof Decay x Cosmic Queen F4 *Quick Finish* 50/50 Sativa/Indica 65-75 days from sprout 1.5-3 ounce average 3 Feminized Seeds Expect medium-sized bushes with stout branches that almost reach the height of the main cola. Extremely dense buds covered in sweet bakery and candy-flavored resin that will leave you wanting more. Cooler temperatures can bring out some beautiful fall colors that only add to her visual appeal. Stoney without the narcotic effect, great for an afternoon delight or as a post-meal treat. For the reversal I used a stocky, faster finishing Cosmic Queen as the pollen donor which will help add vigor and potency to this true F1, while keeping the stretch down. ***Be sure to keep an eye on these during early as the Toof Decay line can throw a ball or two during sexing, right where the side branches meet the main stem. It is rare, but can be brought about by stress or too strong an application of nutes during the sexing stage and seems to be most common when using humic acid. If you do see a ball pop up it can be removed and the plant will continue on fully female to finish her life. Also, keep airflow and humidity in check during the final few weeks, as the flower density can lead to bud rot in the wrong conditions. **\*
Creme de la Soul F1 x Cosmic Queen F4 Quick Finish 50/50 Sativa/Indica 65-75 days from sprout 1.5-3 ounce average 3 Feminized Seeds Expect medium plants with stout satellite branches reaching up to the shoulders of the main colas. Dense nugs covered in oily resin ranging in smells from red berries and sneakers to creamy grapes, this F1 polyhybrid has a lot to offer! Cooler temperatures can bring on fades of reds and purples, making her an absolute beauty in her final days. She has a balanced physical and mental high, leaning towards the stoney end of the spectrum, and will make for a great evening smoke. For the reversal I used a stocky, faster finishing Cosmic Queen as the pollen donor which will help add vigor and potency while keeping the stretch down. Be sure to keep airflow and humidity in check during the final few weeks, as the flower density can lead to bud rot.
Supernatural OG x Cosmic Queen F4 Super Sativa 70/30 Sativa/Indica 75-85 days from sprout 2-4 ounce average 3 Feminized Seeds Expect large, easy growing plants with sturdy branching and individual bud sites running their length, met with a medium cola cluster at their ends, with a large main cola. This F1 poly hybrid is chock full of hazey goodness! Flavors range from effervescent lemon-lime, to heavy juniper laced gin and tonic. The juniper flavors are my personal favorite and tend to kick my ass and get me super stoney, while the citrusy ones are more motivational. There’s a variety of outstanding expressions to be found in these, all on the sativa end of the spectrum. The Cosmic Queen reversal used for this cross was what I consider the super sativa expression of CQ. Tall, stretchy, thinner leaves, incredibly sweet resin, bag appeal, pest and pm resistant with an elongated bud structure that is excellent for outdoors and in. Don’t miss out! Blessed by Hoodoo Moses I
Cosmic Apprentice (No Video)
Wizard’s Apprentice F4 x Cosmic Queen F4 Sativa 75 days from sprout "Ready to get heady? Crossing a big-bodied sativa dominant Wizard’s Apprentice to the rush inducing Cosmic Queen resulted in a whole new variety that will keep your head in the clouds! Large plants with denser buds than Cosmic Queen, an overload of frost, and nostril piercing neon sweet and hazey scents finishing right around 75 days. If you’re into uplifting sativa effects with chunkier buds then she is definitely worth checking out."
Wizard’s Apprentice F4 x Tyrone Stomper F6 Indica 70 days from sprout A long time coming, the Cheech Biggums is sure to impress! Using a heavy Cheech Wizard dominant Wizard’s Apprentice mated to the ever-impressive Tyrone Stomper will produce medium to large, extra vigorous true F1 hybrids with fruity OG gas flavors and an occasional piney/floral expression in a quick 70ish days from sprout. Picture of Post
February Drop Info
Copied from Daz's IG post.
Thank you all for your patience with me these past few weeks. I've been handling a lot of business behind the scenes in preparation for big things next year. 2020 was the year of staying off the radar with most of my big projects and not drawing any unnecessary attention. 2021 is the year of getting licensed and really showing you what it's all about! Thank you for your trust and faith in me during my overly cautious past few months/years. I won't let you down.🙏🌱🦉🌱🙏New photo to autos scheduled for the first half of 2021: Pre '98 Bubba Kush x Auto Skywalker F4 Dosidos x Forum Stomper F4 Purple Punch x Forum Stomper F4 Sunset Sherbet x Forum Stomper F4
/r/Monero Weekly Discussion – October 17, 2020 - Use this thread for general chatter, basic questions, and if you're new to Monero
Wallet: CLI & GUI
1. General questions
Where can I download the Monero wallet?
There are multiple Monero wallets for a wide range of devices at your disposal. Check the table below for details and download links. Attention: for extra security make sure to calculate and compare the checksum of your downloaded files when possible. Please note the following usage of the labels: ⚠️ - Relatively new and/or beta. Use wallet with caution. ☢️ - Closed source.
"Official" GUI / CLI
Windows, macOS, Linux
Default implementation maintained by the core team. Use this wallet to run a full node and obtain maximum privacy. Integrates with hardware wallets. Current version: 0.16.0.3 / 0.16.0.3.
Your balance is unlocked after 10 confirmations (which means 10 mined blocks). A block is mined approximately every two minutes on the Monero network, so that would be around 20 minutes.
How can I prove that I sent a payment?
The fastest and most direct way is by using the ExploreMonero blockchain explorer. You will need to recover the transaction key from your wallet (complete guide for GUI / CLI).
How do I buy Monero (XMR) with Bitcoin (BTC)?
There are dozens of exchanges that trade Monero against Bitcoin and other cryptocurrencies. Check out the list on CoinMarketCap and choose the option that suits you best.
How do I buy Monero (XMR) with fiat?
Kraken (USD and EUR): old-school, decent exchange. They might require your documents for verification and approval of your account.
LocalMonero: peer-to-peer exchange. They have pretty much everything as a payment method and they support hundreds of fiat options.
How can I quickly exchange my Monero (XMR) for Bitcoin (BTC)?
There are multiple ways to exchange your Monero for Bitcoin, but first of all, I'd like to remind you that if you really want to do your part for Monero, one of the simplest ways is to get in touch with your merchant/service provider and request for it to accept Monero directly as payment. Ask the service provider to visit the official website and our communication channels if he or she needs help with system integration. That being said, the community has been recommending two services in particular, XMR.TO and MorphToken. These services are only recommendations and are operated by entities outside the control of the Monero Project. Be diligent.
How do I mine Monero? And other mining questions.
The correct place to ask questions and discuss the Monero mining scene is in the dedicated subreddit MoneroMining. That being said, you can find a list of pools and available mining software in the GetMonero.org website.
2. Wallet: CLI & GUI
Why I can't see my balance? Where is my XMR?
Before any action there are two things to check:
Are you using the latest available version of the wallet? A new version is released roughly every 6 months, so make sure you're using the current release (compare the release on GetMonero.org with your wallet's version on Settings, under Debug info).
Is your wallet fully synchronized? If it isn't, wait the sync to complete.
Because Monero is different from Bitcoin, wallet synchronization is not instant. The software needs to synchronize the blockchain and use your private keys to identify your transactions. Check in the lower left corner (GUI) if the wallet is synchronized. You can't send transactions and your balance might be wrong or unavailable if the wallet is not synced with the network. So please wait. If this is not a sufficient answer for your case and you're looking for more information, please see this answer on StackExchange.
Why does it take so long to sync the wallet [for the first time]?
You have decided to use Monero's wallet and run a local node. Congratulations! You have chosen the safest and most secure option for your privacy, but unfortunately this has an initial cost. The first reason for the slowness is that you will need to download the entire blockchain, which is considerably heavy (+70 GB) and constantly growing. There are technologies being implemented in Monero to slow this growth, however it is inevitable to make this initial download to run a full node. Consider syncing to a device that has an SSD instead of an HDD, as this greatly impacts the speed of synchronization. Now that the blockchain is on your computer, the next time you run the wallet you only need to download new blocks, which should take seconds or minutes (depending on how often you use the wallet).
I don't want to download the blockchain, how can I skip that?
The way to skip downloading the blockchain is connecting your wallet to a public remote node. You can follow this guide on how to set it up. You can find a list of public remote nodes on MoneroWorld. Be advised that when using a public remote node you lose some of your privacy. A public remote node is able to identify your IP and opens up a range for certain attacks that further diminish your privacy.A remote node can't see your balance and it can't spend your XMR.
How do I restore my wallet from the mnemonic seed or from the keys?
To restore your wallet with the 25 word mnemonic seed, please see this guide. To restore your wallet with your keys, please see this guide.
3. Wallet: Ledger
How do I generate a Ledger Monero Wallet with the GUI or CLI?
This question is beautifully answered on StackExchange. Check this page for the GUI instructions, and this page for the CLI instructions.
How can my local node become a public remote node?
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