Hi guys. I've been reading some topics of people with doubts about Submarine and atomic swaps, how Lightning works, etc.
I decided to make a small glosary of terms, I hope you like it..

Lightning Network is a decentralized network using smart contract functionality in the blockchain to enable instant payments across a network of participants.

Payment Channel is a communication channel that allows two parties to make many secure payments between each other in exchange for making only a few transactions on the blockchain.

Lightning Node the node is a wallet with one or more open Lightning channels. Should not be confused with a Bitcoin Blockchain Full Node.

Atomic Swaps, or atomic cross-chain trading, is the exchange of one cryptocurrency to another cryptocurrency, without the need to trust a third-party into the Lightning Network. In other words, a user can send bitcoin, and the other user can receive the payment as litecoin.

Submarine swaps exchange off-chain Lightning tokens for on-chain tokens. Essentially, they let users send Lightning payments to a middleman on the Lightning Network; that middleman will send a corresponding amount of bitcoin to a regular (on-chain) Bitcoin address.

Malleability An encryption algorithm is malleable if it is possible to transform a ciphertext into another ciphertext which decrypts to a related plaintext.

Micropayments are a Bitcoin transaction involving a very small sum of money. Lightning enables one to send
funds down to 0.00000001 bitcoin without custodial risk.

Commitment transactions are a pair of asymmetrical transactions that allow multiple users to participate in a single transaction (and thus act as a single entity), using a multi-key system.

Well guys I hope you like this, I gathered info from many websites. Let me know if you want me to add any other concept to this list.

Buddy I think you really meant South Korea although it would be really nice to see Crypt Jong-Un

I've never had good relation with banking services. Indeed I don't even know how to use the Home Banking feature properly. For me it's much easier to handle with a crypto wallet that with shitty IBANSA and have to talk with a employee on phone when I have any trouble

There's no way they could ban Cryptos. Its just nonsense, they are just FUDing.
Being India one of the biggest stars in cryptoworld they will ban it? And be left behind compared to China , Phillipines or other countries that are actually legalizing it?

Some recent news said SBI is going to acquire 30% of BCH hashrate so there's no way they could ban all cryptocurrecies

In January 2018, Yaya Fanusie, director of analysis for the Foundation for Defense of Democracies’ Center on Sanctions and Illicit Finance (CSIF), released a study entitled “Bitcoin Laundering: An Analysis of Illicit Flows into Digital Currency Services.” The study concludes:

Less than one percent of Bitcoin transactions used for illicit activities.

Could the fiat whales overcome the BTC whales? Really you think dumping it's as easy for them as pumping?

Nice. 6$ is a big price tho..

Exactly this is what I meant. The guy calls for bright future on digital currencies, but for any reason, not for Bitcoin
Why could that be? Maybe his Stiglitzstein and Josephbergs in the federal reserve are not liking that much a currency they don't issue and have not control over it...

Binance will soooner or later get really hacked. Funds are safe will be taken by the back and people and entire crypto will be in trouble. Im not saying a second MTGox but something its gonna happen.

Thanks for commenting! I really get exited with the news but being objective its true they havent confirmed anything yet.
Still ive researched about this SIX stock exchange and they are, compared to traditional stocks as NYSE, very open to innovations, they were the first stock exchange in the world to incorporate a fully automated trading back in the ninties so I think they could probably be open to crypto or tokenized assets.

thanks for commenting

So yeah this keynesian piece of economist calls for a Bitcoin completely destroyed...

“You cannot have a means of payment that is based on secrecy when you’re trying to create a transparent banking system. If you open up a hole like bitcoin then all the nefarious activity will go through that hole, and no government can allow that.”
“People in power will move to regulate anonymous transactions. That you can be sure of. Bitcoin could easily be worth just $100 in 10 years.”
“I believe very strongly that countries like the United States could and should move to a digital currency … so that you would have the ability to trace this kind of corruption.”


https://ambcrypto.com/bitcoin-btc-may-drop-100-nobel-prize-laureate/

it would be really interesting if you coud get any information about these whales we always talk about.
Im really not comfortable with these whales doing everything and they and we just here watching.. Crypto could be so much better without them, they are definetily a threat and they f=ck up Bitcoins reputation

But man ethereum has nothing to do with Bitcoin. Ether txs where congested because of a Chinese exchange Fcoin made a voting system to list through deposits. One deposit equaled to 1 vote so most of coins promoters where massively depositing to get their coin listed.

Regarding Bitcoin I don't really know what the issue could be. I did a Transaction yesterday and took me.like 20minutes to confirm.

Since the market is/was down, I prefered to buy coins cheap in the market than investint in the ICO rounds. But now tbh I don't know yet..

Hi guys, I read this entry time ago on reddit and searched if it was posted here but I didnt find it. I think its very good thought and I was impressed the first time I read it.
It was posted by u/outerspacerace on r/Monero.


As I view the current cryptocurrency landscape, I am deeply saddened by the lack of insight on the part of users, investors, developers, and commentators as to what cryptocurrency actually is and where its value comes from. The cryptocurrency community has been distracted by useless ICO's, blockchain-based applications with contrived use cases, and the promise to get rich quick.

Cryptocurrency came about to solve a single problem. It emerged from the solitary need for electronic cash. A digital money to exchange assets between individuals across the Internet.

Bitcoin was an amazing first step towards electronic cash. A distributed network that recorded transactions on an immutable public ledger. Wow!

But there are serious issues with Bitcoin that degraded its usefulness as money. The same public ledger which allowed Bitcoin transactions to be recorded also left Bitcoin users without anonymity in their financial transactions. It failed to function as "cash" and became increasingly fraught with problems due to a lack of fungibility and increasing numbers of toxic coins.

This is where Monero enters the picture. Monero maintains the privacy of its users through an immutable blockchain which is totally opaque to the outside observer. This simultaneously makes Monero fungible and private by default. This is big. Where Bitcoin failed over time, Monero was able to succeed quite remarkably in meeting our need for electronic cash.

Monero has solved the world's need for electronic cash and yet the world is nearly oblivious to its existence. There is so much talk of dapps, ICO's, bank-sponsored coins and the like, and yet the single most value-adding proposition of cryptocurrency is being ignored. I believe that there has been a failure to communicate the true value that Monero holds - both due to our inabilities as a community to drive this single point home, and by a lack of effective communication networks for allowing disruptive technologies to be presented to the broader public.

I'm coming to you all in a state of despair. What can I do, what can we all do, to show the world that the answer to one of their biggest problems has already been solved? It seems like the value of Monero is one of the world's best-kept secrets, but why should it be a secret?! Anyone can use Monero right now in a fully accessible manner to send and receive assets that maintain the characteristics of cash. Monero's usefulness was entrenched long before the developers improved accessibility of the software, aimed to reduce transaction sizes, and allowed more novel forms of transactions such as multisignature wallets.

Monero solved the world's need for electronic cash. Let the magnitude of that statement land. Now, how can we let others in on the world's best-kept secret? How can we communicate the remarkable value embodied within Monero?

Hi guys, I read this entry time ago on reddit and searched if it was posted here but I didnt find it. I think its very good thought and I was impressed the first time I read it.
It was posted by u/outerspacerace on r/Monero.



As I view the current cryptocurrency landscape, I am deeply saddened by the lack of insight on the part of users, investors, developers, and commentators as to what cryptocurrency actually is and where its value comes from. The cryptocurrency community has been distracted by useless ICO's, blockchain-based applications with contrived use cases, and the promise to get rich quick.

Cryptocurrency came about to solve a single problem. It emerged from the solitary need for electronic cash. A digital money to exchange assets between individuals across the Internet.

Bitcoin was an amazing first step towards electronic cash. A distributed network that recorded transactions on an immutable public ledger. Wow!

But there are serious issues with Bitcoin that degraded its usefulness as money. The same public ledger which allowed Bitcoin transactions to be recorded also left Bitcoin users without anonymity in their financial transactions. It failed to function as "cash" and became increasingly fraught with problems due to a lack of fungibility and increasing numbers of toxic coins.

This is where Monero enters the picture. Monero maintains the privacy of its users through an immutable blockchain which is totally opaque to the outside observer. This simultaneously makes Monero fungible and private by default. This is big. Where Bitcoin failed over time, Monero was able to succeed quite remarkably in meeting our need for electronic cash.

Monero has solved the world's need for electronic cash and yet the world is nearly oblivious to its existence. There is so much talk of dapps, ICO's, bank-sponsored coins and the like, and yet the single most value-adding proposition of cryptocurrency is being ignored. I believe that there has been a failure to communicate the true value that Monero holds - both due to our inabilities as a community to drive this single point home, and by a lack of effective communication networks for allowing disruptive technologies to be presented to the broader public.

I'm coming to you all in a state of despair. What can I do, what can we all do, to show the world that the answer to one of their biggest problems has already been solved? It seems like the value of Monero is one of the world's best-kept secrets, but why should it be a secret?! Anyone can use Monero right now in a fully accessible manner to send and receive assets that maintain the characteristics of cash. Monero's usefulness was entrenched long before the developers improved accessibility of the software, aimed to reduce transaction sizes, and allowed more novel forms of transactions such as multisignature wallets.

Monero solved the world's need for electronic cash. Let the magnitude of that statement land. Now, how can we let others in on the world's best-kept secret? How can we communicate the remarkable value embodied within Monero?

thanks for sharing. a cold wallet will always be the safest option. good stored private keys on paper and ledger nano and you are good to go.

Guys do you really think the dip has ended?? im having a hard time thinking about buying a hole 1BTC. im really thinking about it, its really a lot of money, and i do believe in the technology but i cant  afford another dump. I bought at 6k last year and at 12K after the big 20K pump...

are you guys buying??

Actualmente estoy leyendo el libro "Criptomonedas" del argentino Gonzalo Arzuaga. Lo recomiendo mucho, Gonzalo es un inversor de pura cepa y fue el encargado de vender la primer .com latinoamericana valuada en mas de 1 millon de dolares. Ningun latinoamericano habia vendido una pagina web a un precio tan alto.

Si bien el libro esta muy bueno, lo encuentro en un punto intermedio bastante incomodo. Donde el contenido es demasiado basico para un criptoentusiasta (como los que merodeamos este foro) y muy complejo para una persona que quiere inciarse en el mundo crypto.  En la segunda pagina del libro habla del double spending no lo explica a fondo. Yo obviamente pude entenderlo ya que se lo que es un double spending, pero explicarselo a una  persona que no sabe lo que es  la blockchain??

Asi y todo no conozco muchos libros en espanol (claramente hacen falta). recomiendo este libro

I've been reading some info regarding bitcoins legality this week and today a user commented the situation on Thailand, I think we are now in a very good shape.
  
   Japan recognized bitcoin as legal form of payment (its already legal tender there)

   Thailand entered the list of the nations which have legalized crypto currency.

   Germany, the ministry of Finance signed a decree recognizing BTC as legal tender equating it to traditional fiat currencies and freeing it from taxation.
  
   Switzerland's biggest Stock Exchange SIX will launch its own digital exchange in mid-2019 which will be regulated by the swiss governement.


What do you guys think of this round up and how is Crypto going in Your country??