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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1160910 times)
keeek
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October 13, 2018, 02:14:47 PM
 #20481

As a BYTEBALL user and investor of the first hour I would like to thank you for the very good work of the team and especially Tony. I continue to stick to this project and see great potential in it.

The mobile wallet is great and intuitive, the same goes for the desktop wallet. I would recommend anyone to try the wallets and chatbots.
However, I would like to attach a few constructive criticisms and suggestions for improvement:
   

a) Bot Store: The amount of new chatbots makes this area more and more confusing. Best Case would be a UI like the Apple App Store with overviews, recommendations, different categories and with detailed descriptions. The chatbots urgently need a better detail page.

b) The Unit Byte: I know, this is a much discussed topic and actually the unit is good. In reality, the representation of bytes and the jump between bytes, MB and GB is often confusing. For example, it took me two tries to transfer the correct amount from my desktop wallet (unit there: GB) to my mobile wallet (unit there: MB), although I'm actually very familiar with bytes, megabytes, and so on. So I used a wrong value in GB and sent me 0.1 MB, although I wanted to send 100 MB. I was just too lazy to switch my desktop wallet to MB.
Furthermore, the block explorer with bytes as a unit is not usable by the human eye. There are just too big numbers to capture them at a glance. Generally I would recommend to relaunch the block explorer. The Explorer is very confusing.
My recommendation would be to install a simple switch anywhere in the UI or to take MB as the default, at least for the block explorer.

c) Website / Communication: Honestly, the website seems to me "too cheap". Sorry for the harsh words. The website / communication (+ YT, Twitter, etc.) is not worthy of a multi-million dollar project. The website looks like a $ 25 WordPress theme. This always strikes me when the buttons "Subscribe to Newsletter" and "Download Wallet" appear. This looks like a "purchased standard theme"! A simple website was good at the beginning and underlined the "it just works" principle. But this has to evolve. The website and the whole communication concept should promote real professionals, not just a single graphic designer or individual consultant. Take a real communication leader and put everything to the test. I mean, for example an agency like the one that has created the new corporate logo and developed the new livery of the aircraft at Lufthansa. An agency from this league. Byteball also plays in this league. This costs a lot of money, yes, but it is well spent money.


Thanks LoyceV and kaicrypzen for the merit. But I would also like to discuss these topics with the Byteball team or Tony. Is there a community manager, who does not copies Twitter posts here only, but also shares an opinion?

Of course, I also know that the website has been relaunched before. But seriously, that was a rebrush (different colors, more mobile friendly, text centered and a few cheap button animations).

Money is an emotional issue and this must also be communicated through the Byteball website. Currently there is no "mass adaption" with this website because it was made by a technician for technicians. The website is similar to an API documentation or a technology wiki! I have been working in the Internet industry for 20 years and I know it when programmers try to design and do marketing ...

Of course, I do not want any stock images to be posted on the website, it needs a good agency that develops a good communication concept for the emotional topic of "new money Byteball". A good concept conveys innovation, security and a "do not miss"-feeling.

Do not get me wrong, but the current communication strategy of the brand "Byteball" must be changed.

It was now admitted that the end of the last outstanding Airdrop was a mistake. Yes, it was a mistake that needs to be corrected urgently. For example, I had an art gallery in Switzerland as a customer who wanted to test bytes for payment. Since the last Airdrop was canceled, although it was announced for months, the customer has lost the confidence and interest in Byteball.
Here was an announcement broken and therefore I advise the Byteball team to bite the bullet and redeem this announcement and make up for the last Airdrop. Otherwise this breach of trust will always accompany Byteball. Someone will always put their finger in the wound.

Another point is the lack of liquidity. Sometimes, when I bought a few bytes, it felt like I had doubled the global trading volume. It is in the nature of things that a means of payment must be liquid. My two cents: Finding new exchanges should be at the top of the priority list for the Byteball team. Better knock on the doors of other exchanges and realize 1-2 new features less or later.

In general, Byteball needs to build up momentum again. Currently, all good news goes down because of the bitcoin down trend. Again, I would like to suggest the following:
Dear Byteball Team, dear Tony, please use the time of the bear market to work out a great communication concept with a good agency. This takes time, including the relaunch of the strategy Web, Twitter, FB ... maybe 6 months. Announce the commissioning of the communication agency. This announcement could already slow down the current down trend. But save some good news until the wind has turned again at Bitcoin. As an indicator you can take, for example, when the Bitcoin price is traded above the 200-day MA.

My hopes for new momentum at Byteball:

a) The new communication strategy will be rolled out
b) the then announced last Airdrop will be made up and thus all old announcements are now really implemented and the confidence restored
c) A new listing on a major exchange frame the first two points

>> Byteball is sure to be back on everyone's lips, a top topic and the Top50 only a first stopover.
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meterse
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October 13, 2018, 04:15:20 PM
 #20482

The Blackbyte exchange you are referring to was run by a community member, who closed it due to lack of volume
Which doesn't change the fact that there's only one now. - You say it yourself: Lack of demand.
Increasing demand would now be the task of marketing, but that would rather be limited to saying that there is no demand. - Very imaginative.  Roll Eyes

Exchange Blackbytes for fiat? You seem to be missing the point of privacy coins
In the context of a wallet-internal solution (see the decentralized Exchange BISQ), this would be quite feasible (if it were wanted).
This has already been proposed several times here. Feedback: 0

The question of how Blackbyte distribution will continue is still unanswered...

please elaborate re 'context of a wallet-internal solution'

where was it proposed? please post a url

dealing with government fiat requiries regulation and identifity verification, so how is this private?
consort
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October 13, 2018, 04:16:41 PM
 #20483



Hey Tonych, thanks for distributing these coins to new users. ----? Will you plan other distro models along with cashbacks, verification giveaways and textcoins?

34.5% left.
Yes other methods will be added.


Hi Tonych, are you accepting new users for the cashback program? I see the possibility of getting hundreds/thousands of customers to purchase everyday items using bytes. That way, we could ignite interest in a group of previous "non-users". I filled some google form in a medium article for this purpose three weeks ago, but it seems that channel is not being monitored.
jwinterm
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October 13, 2018, 04:48:19 PM
 #20484

The Blackbyte exchange you are referring to was run by a community member, who closed it due to lack of volume
Which doesn't change the fact that there's only one now. - You say it yourself: Lack of demand.
Increasing demand would now be the task of marketing, but that would rather be limited to saying that there is no demand. - Very imaginative.  Roll Eyes

Exchange Blackbytes for fiat? You seem to be missing the point of privacy coins
In the context of a wallet-internal solution (see the decentralized Exchange BISQ), this would be quite feasible (if it were wanted).
This has already been proposed several times here. Feedback: 0

The question of how Blackbyte distribution will continue is still unanswered...

please elaborate re 'context of a wallet-internal solution'

where was it proposed? please post a url

dealing with government fiat requiries regulation and identifity verification, so how is this private?

Bisq is a p2p trading platform that doesn't require KYC. It supports bitcoin/fiat trades as well as btc versus alts.
https://bisq.network/faq/
Thul
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October 13, 2018, 04:48:51 PM
 #20485

The Blackbyte exchange you are referring to was run by a community member, who closed it due to lack of volume
Which doesn't change the fact that there's only one now. - You say it yourself: Lack of demand.
Increasing demand would now be the task of marketing, but that would rather be limited to saying that there is no demand. - Very imaginative.  Roll Eyes

Exchange Blackbytes for fiat? You seem to be missing the point of privacy coins
In the context of a wallet-internal solution (see the decentralized Exchange BISQ), this would be quite feasible (if it were wanted).
This has already been proposed several times here. Feedback: 0

The question of how Blackbyte distribution will continue is still unanswered...

please elaborate re 'context of a wallet-internal solution'

where was it proposed? please post a url

dealing with government fiat requiries regulation and identifity verification, so how is this private?

Take a look at BISQ (an exchange that is listed on Byteball homepage).

With BISQ you don't need "identifity verification". Anyone can exchange Fiat for BTC. The identity is known exclusively to the respective exchange partners. The bank does not know what exactly is traded.
Also otherwise there is no central contact point which could be queried.

On this basis, not only blackbytes but also bytes could be traded against Fiat. And then one would finally have an urgently needed interface for the direct exchange of Fiat <-> Byte/Blackbytes.

Tony knows very well. Ask him.
Unfortunately he prefers to get bogged down in gimmicks rather than real applications, which would pave the way for a mass adaptation to give appropriate space.

The question of how Blackbyte distribution will continue is still unanswered...
milugau
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October 13, 2018, 04:52:51 PM
 #20486

Bisq is a p2p trading platform that doesn't require KYC. It supports bitcoin/fiat trades as well as btc versus alts.
https://bisq.network/faq/
I love fiat trading pairs and no KYC for withdrawals.
It is terrible if users can deposit easily but got troubles with KYC process when they try withdrawing their coins/ money.
meterse
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October 13, 2018, 05:25:37 PM
 #20487

The Blackbyte exchange you are referring to was run by a community member, who closed it due to lack of volume
Which doesn't change the fact that there's only one now. - You say it yourself: Lack of demand.
Increasing demand would now be the task of marketing, but that would rather be limited to saying that there is no demand. - Very imaginative.  Roll Eyes

Exchange Blackbytes for fiat? You seem to be missing the point of privacy coins
In the context of a wallet-internal solution (see the decentralized Exchange BISQ), this would be quite feasible (if it were wanted).
This has already been proposed several times here. Feedback: 0

The question of how Blackbyte distribution will continue is still unanswered...

please elaborate re 'context of a wallet-internal solution'

where was it proposed? please post a url

dealing with government fiat requiries regulation and identifity verification, so how is this private?

Bisq is a p2p trading platform that doesn't require KYC. It supports bitcoin/fiat trades as well as btc versus alts.
https://bisq.network/faq/

if thats the case it that answers the Blackbyte question from above
Real Miracle
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October 13, 2018, 05:30:11 PM
 #20488

The Blackbyte exchange you are referring to was run by a community member, who closed it due to lack of volume
Which doesn't change the fact that there's only one now. - You say it yourself: Lack of demand.
Increasing demand would now be the task of marketing, but that would rather be limited to saying that there is no demand. - Very imaginative.  Roll Eyes

Exchange Blackbytes for fiat? You seem to be missing the point of privacy coins
In the context of a wallet-internal solution (see the decentralized Exchange BISQ), this would be quite feasible (if it were wanted).
This has already been proposed several times here. Feedback: 0

The question of how Blackbyte distribution will continue is still unanswered...

please elaborate re 'context of a wallet-internal solution'

where was it proposed? please post a url

dealing with government fiat requiries regulation and identifity verification, so how is this private?

Bisq is a p2p trading platform that doesn't require KYC. It supports bitcoin/fiat trades as well as btc versus alts.
https://bisq.network/faq/

if thats the case it that answers the Blackbyte question from above
Good to see byteball is ramping up its marketing operation.  When and how it will be conducted?

meterse
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October 13, 2018, 05:39:34 PM
 #20489

The Blackbyte exchange you are referring to was run by a community member, who closed it due to lack of volume
Which doesn't change the fact that there's only one now. - You say it yourself: Lack of demand.
Increasing demand would now be the task of marketing, but that would rather be limited to saying that there is no demand. - Very imaginative.  Roll Eyes

Exchange Blackbytes for fiat? You seem to be missing the point of privacy coins
In the context of a wallet-internal solution (see the decentralized Exchange BISQ), this would be quite feasible (if it were wanted).
This has already been proposed several times here. Feedback: 0

The question of how Blackbyte distribution will continue is still unanswered...

please elaborate re 'context of a wallet-internal solution'

where was it proposed? please post a url

dealing with government fiat requiries regulation and identifity verification, so how is this private?

Take a look at BISQ (an exchange that is listed on Byteball homepage).

With BISQ you don't need "identifity verification". Anyone can exchange Fiat for BTC. The identity is known exclusively to the respective exchange partners. The bank does not know what exactly is traded.
Also otherwise there is no central contact point which could be queried.

On this basis, not only blackbytes but also bytes could be traded against Fiat. And then one would finally have an urgently needed interface for the direct exchange of Fiat <-> Byte/Blackbytes.

Tony knows very well. Ask him.
Unfortunately he prefers to get bogged down in gimmicks rather than real applications, which would pave the way for a mass adaptation to give appropriate space.

The question of how Blackbyte distribution will continue is still unanswered...

Blackbytes will be distributed, exactly how nobody knows, especially given the byte distribution is in many forms
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October 13, 2018, 07:56:56 PM
 #20490

byterbal is a language of value between users. Without users byterbal will fail. Without liquidity there's no users. Without the potential to store value inside of it, byterbal will not have liquidity. Byterbal needs to return bitcoin airdrops and try to start over. If you love byterbal, sell your bytes and show Tony that you against politics of his mediocre marketing team. We need a real community, not the steem bots and twitter shitposters!


"...try to start over".
Following this thread, having found the byteball project about three weeks ago, I realize Tony stopped the bitcoin airdrops because some beneficiaries dumped their GBytes as quickly as possible, causing consistent loss of value. It is the same challenge they are currently facing, where a few accounts sell over 38 BTC worth of Gbyte in 24 hours, set up a huge sell wall everyday, and hold the entire project to ransom, some using free Gbytes they got from airdrops. I don't envy Tony; he is at crossroads - damned if you do; damned if you don't. Things may not be perfect, but the ability to take decisions, stick to them, or correct them if need be (like the great step of stopping bitcoin airdrops), will guide this project to the expected endpoint.

I think the majority of future distros will lock funds for 12 months so less of an issue now than with original btc airdrops
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October 13, 2018, 09:01:40 PM
 #20491

I was checking wcg distribution, when I realized some funny fact: the amount of wcg points sent today to users is 400M. I was expecting like 100 GB of transfers out, but the truth is there only 40 GB. Some big crunchers are receiving a lot less than they would have to. Thanks Byteball again.

Let there be light!
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October 14, 2018, 01:45:41 AM
 #20492

I was checking wcg distribution, when I realized some funny fact: the amount of wcg points sent today to users is 400M. I was expecting like 100 GB of transfers out, but the truth is there only 40 GB. Some big crunchers are receiving a lot less than they would have to. Thanks Byteball again.
Incentive to help medical research, shouldn't expect much  Smiley

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October 14, 2018, 08:38:51 AM
 #20493

I was checking wcg distribution, when I realized some funny fact: the amount of wcg points sent today to users is 400M. I was expecting like 100 GB of transfers out, but the truth is there only 40 GB. Some big crunchers are receiving a lot less than they would have to. Thanks Byteball again.
Where did you get the news?
Anyway, Byteball rosen impressively today with more than 12% increase.
meterse
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October 14, 2018, 09:43:33 AM
Last edit: October 14, 2018, 10:44:57 AM by meterse
 #20494

We need more exchanges! Today a friend ask me "now byteball is very cheap, where i can buy bytes?".
My answer was since 6 months the same, bittrex! But bittrex is for my friend a nogo, because they need ID verification.
The current bad solution is now, he give me money and i buy bytes for him Roll Eyes

It's not just traders on exchanges, there are maybe future users for the byteball plattform.
I love the cheap price at the moment Grin but we need massadoption and a better marketing strategy.


bytes can be traded for btc using the bot inside the wallet, no ID verification
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October 14, 2018, 10:52:11 AM
 #20495

I was checking wcg distribution, when I realized some funny fact: the amount of wcg points sent today to users is 400M. I was expecting like 100 GB of transfers out, but the truth is there only 40 GB. Some big crunchers are receiving a lot less than they would have to. Thanks Byteball again.

And why did you expected 100 GB? Any calculation behind this expectation? The reward amount is fixed to dollar value at that time, so sometimes more GB gets distributed, sometimes less. It used to be even less, but was increased after the GDPR issue got resolved. Also, 10% bonus was introduced to then too for those who joined Byteball.org WCGrid team.
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October 14, 2018, 11:23:35 AM
 #20496

Take a look at BISQ (an exchange that is listed on Byteball homepage).

With BISQ you don't need "identifity verification". Anyone can exchange Fiat for BTC. The identity is known exclusively to the respective exchange partners. The bank does not know what exactly is traded.
Also otherwise there is no central contact point which could be queried.

On this basis, not only blackbytes but also bytes could be traded against Fiat. And then one would finally have an urgently needed interface for the direct exchange of Fiat <-> Byte/Blackbytes.

Tony knows very well. Ask him.
Unfortunately he prefers to get bogged down in gimmicks rather than real applications, which would pave the way for a mass adaptation to give appropriate space.

The question of how Blackbyte distribution will continue is still unanswered...

This would be pseudo-privacy. Even if the bank doesn't yet know what you are exactly trading, they know who you are trading it with and all the other payment processors who handle fiat know also who are the 2 counterparts because they are forced to do AML. Since Bisq doesn't handle native currencies themselves and fiat needs to be transferred directly from one person to another, you would also need to reveal your real name to other counterpart if you do a bank transfer. This means, trading privacy coin to fiat would have even less privacy than Bitcoin has by default.

Bisq is decentralized in a sense that it's like static website that doesn't store anything about users... but it is integrated with other payment services where you still need to reveal your identity. So, yes, it is decentralized, but you can't just mashup 2 ideas like that and think that the result is still the same. But then again, since Bisq is open-source, nobody is stopping you to build something like that for Blackbytes or any other privacy coin that doesn't have a pair with fiat on Bisq. If this is what will make it mainstream then anybody who actually implements it would become a rich man/woman, but maybe there is little bit more to it than it looks.
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October 14, 2018, 12:25:31 PM
 #20497

BISQ also enables a "face to face" exchange, i.e. cash <-> crypto.

If this is what will make it mainstream then anybody who actually implements it would become a rich man/woman, but maybe there is little bit more to it than it looks.
Who offers goods online for Cryptocurrencies knows the problem of his customers.
Most of them refuse because the purchase is so complicated. With Bitcoin, it's already awkward, and that's enough for most people.
A solution based on BISQ and integrated into the wallet would finally eliminate this bottleneck.
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October 14, 2018, 02:41:18 PM
 #20498

We need more exchanges! Today a friend ask me "now byteball is very cheap, where i can buy bytes?".
My answer was since 6 months the same, bittrex! But bittrex is for my friend a nogo, because they need ID verification.
....

Same to me. I used to be at Bittrex, but I don't trade there anymore since verification is required. I used to buy Bytes from Cryptopia, but for some time now the deposit and withdrawal of bytes hasn't worked anymore. The team should make every effort to ensure a good and stable exchange. It can also be decentralized if it doesn't make trading more difficult.
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October 14, 2018, 03:16:05 PM
Last edit: October 14, 2018, 04:09:35 PM by barborrico
 #20499

I was checking wcg distribution, when I realized some funny fact: the amount of wcg points sent today to users is 400M. I was expecting like 100 GB of transfers out, but the truth is there only 40 GB. Some big crunchers are receiving a lot less than they would have to. Thanks Byteball again.

And why did you expected 100 GB? Any calculation behind this expectation? The reward amount is fixed to dollar value at that time, so sometimes more GB gets distributed, sometimes less. It used to be even less, but was increased after the GDPR issue got resolved. Also, 10% bonus was introduced to then too for those who joined Byteball.org WCGrid team.

https://medium.com/byteball/byteball-world-community-grid-distribution-is-back-on-track-21ceadb5196e

Well, if 400M points are sent, I expect to see, at less, $4000 in bytes -> 4000/39 = ~100GB

But it is not what I see. Neither price volatility or 10% bonus explain that divergence.

https://explorer.byteball.org/#367663IOBS6XJD4EYKEMZ7AUU44PEE4O

Poor guy. He has received their bytes at $472 per GB, instead of $39.

Let there be light!
meterse
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October 14, 2018, 04:15:12 PM
 #20500

We need more exchanges! Today a friend ask me "now byteball is very cheap, where i can buy bytes?".
My answer was since 6 months the same, bittrex! But bittrex is for my friend a nogo, because they need ID verification.
....

Same to me. I used to be at Bittrex, but I don't trade there anymore since verification is required. I used to buy Bytes from Cryptopia, but for some time now the deposit and withdrawal of bytes hasn't worked anymore. The team should make every effort to ensure a good and stable exchange. It can also be decentralized if it doesn't make trading more difficult.

try cryptox.pl no KYC
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