Thursday, August 10, 2017

Chain Death Spiral - A Fatal Bitcoin Vulnerability

Back in Bitcoin history, when Argentinian millionaire Wences Caseres ( Xapo, Paypal) came across Bitcoin he saw it as a potential solution to the periodic financial turmoil that totally wipes off the wealth of hard working Argentinians. In what I consider a very prudent act of due diligence, he paid a couple of hackers a sizable amount of money to hack and break the fledgling Bitcoin. Their conclusion was that it was unbreakable and that has remained true until today. The Bitcoin protocol has never been hacked. The vulnerabilities were the trusted infrastructure around it like the exchanges. The most memorable being MT Gox.

However on the 1st August 2017, Bitcoin main chain forked and a new coin Bitcoin Cash (BCH) came into existence. Some argue that it is closer to Satoshi's vision than the current Bitcoin (BTC) which separate the data portion from the address portion of the data structure. BTC became the main coin because it was supported by the majority of users, developers, Bitcoin businesses and miners in what is now knows as the New York Agreement.

Chain Death Spiral. (CDS)
After Bitcoin fork on 1 August it became obvious that Bitcoin the protocol did have an inherent vulnerability. This was that if the chain loses mining power it will have to wait a full 2016 blocks before the difficulty can be adjusted to bring the block time back to the normal 10 minutes. This vulnerability was never considered or analysed because until now the miners had no choice but to keep mining on the Bitcoin chain. After the fork however, the whole landscape has changed. Miners have a choice and power to influence the fate of the chain they are mining on.

This was brought clearly into focus when the blocktime of the BCH fork went as high as 15 hours per block in the beginning. BCH however was designed with Emergency Difficulty Adjustment (EDA) which adjusted the difficulty even before the 2016 block adjustment period is up. Bitcoin (BTC) does not have this safety feature and cannot have one unless a hardfork is performed to include it.

A Chain Death Spiral occurs when the block time increases leading to some miners switching chain. As more miners leave the problem gets worse and a feedback loop results in the dreaded Chain Death Spiral.


Bitcoin (BTC) mempool been increasing since after the fork on 1st August. It is currently 52MB which means it will take 52 blocks to clear without any additional transactions. The record was in May 2017 when it reached 120MB. The whole community was in an uproar resulting in a move towards other competing coins for transacting.


Looking at the hashrate distribution and starting from the 6th August we get the following


    (Peta Hash)         BTC         BCH       TOTAL  (Block Time)  BTC       BCH

6 August 2017        7473         143            7617                           8.13         110
7 August 2017        6023         499            6612                         10.28           22.15
8 August 2017        6637         551            7188                           9.41           18.46                    
9 August 2017        6835         154            6989                           8.78           62
10 August 2017      6200         541            6741                          10.43          15


A picture is forming. Between 8 to 10 August roughly 400 petahashes moved out of BCH which triggered the EDA adjustments then move back in. In addition there was a loss of 200 Peta Hashes on the 9th August and a further 200 Peta Hashes loss on the 10th August.

The current BTC mempool is 50MB and blocktime is 10.28 minutes. There is clearly a development and it will get clearer today. Will the 400 Peta Hashes leave BCH again or will the hashing power on BTC decrease further. What happened to the 400 Peta Hashes missing since 8th August. The BTC chain cannot afford further loss of hashing power. Its' blocktime must come back to within 10 minutes and soon.

What is certain is that the current price of BTC is not justified with this inherent vulnerability, risk of the dreaded Chain Death Spiral. Have investors totally abandoned any thought of immutable economic security and due diligence? It is incredible how we lose sight of the risks when we bamboozled with riches, hype and misinformation through censorship.

It is other peoples' hard earned money and other peoples' investments. Even the possibility that this "black swan event" can happen must be addressed. It should never be censored speech.

Related Articles

BTC is Dead - Long Live BTC - Here

BTC is Dead - Long Live BTC Updated and Explained ELI5 - Here

Why is Bitcoin Price Rising - It May Not Be What You Think - Here

Bitcoin Fork - Smoke. Mirrors and a good game of Poker - Here

Bitcoin Cash Will regain the mantle to be Bitcoin - Here

Intelligent Comments
from coinsinspace via /r/Bitcoin sent 
It's a textbook black swan because majority dismisses it automatically as impossible, yet it's unlikely but possible, and it would be very likely fatal.
If bitcoin was the only viable sha256 coin that would be a much smaller danger. In that case the mining power would have to completely disappear for long. It's much more likely if miners can switch, especially if the other chain is more profitable.
Once that happens there are several factors all accelerating the problem:
(1) Mining rewards can only be spent after 100 blocks. Normally that's about 17 hours. If 90% of mining power disappeared that would take a week. So that's a strong incentive to mine something else (if available) in itself.
(2) Bitcoin economy grinds to a halt, as transactions become increasingly impossible. This leads many people with coins on exchanges to buy other coins just to be able to transact, which lowers the price, making the alternative chain even more attractive for miners.
Which means that, as miners leave, the higher incentive the remaining miners have to also leave. In the event that almost all miners leave the difficulty reset never happens as chain dies.

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    Any, Suitable For Investors, But Terms and Conditions Apply.⭐️HURRY NOW!!!
    Refer a Friend or Family member to invest same time, and Receive an instant $50 Reward. To set up an INVESTMENT PLAN,
    Contact Admin
    totalinvestmentcompany@gmail.comWhatsApp: +1(929)390-8581https://www.facebook.com/pg/Total-Investment-221964325813140/about/https://t.me/totalinvestment

    ReplyDelete
  87. This Platform is Like Face Book where you can post anything you would like BUT unlike Facebook, You can share your post from within it to other Social media AND also pays you in FriendCoins007.

    1. For Posting - You earn 15 Coins
    2. For Commenting - You earn 10 Coins
    3. For Reacting - You earn 5 Coins

    So, your post here can be shared from here and you will have earned 15coins for each post.

    At the same time, it pays those that engage with your posts. So like You tube, it pays the owner of the Content BUT unlike YouTube it pays those that visit and that comment or react to your content!
    It is also like Amazon in that it allows users to sell their products from within it!
    Most importantly – it pays to be involved with this Platform.
    When You invite a sign up, you earn 50 coins for each of them.
    The earlier you sign up the better.
    Please sign up https://friend007.com/register?ref=Pesamob

    ReplyDelete
  88. This Platform is Like Face Book where you can post anything you would like BUT unlike Facebook, You can share your post from within it to other Social media AND also pays you in FriendCoins007.

    1. For Posting - You earn 15 Coins
    2. For Commenting - You earn 10 Coins
    3. For Reacting - You earn 5 Coins

    So, your post here can be shared from here and you will have earned 15coins for each post.

    At the same time, it pays those that engage with your posts. So like You tube, it pays the owner of the Content BUT unlike YouTube it pays those that visit and that comment or react to your content!
    It is also like Amazon in that it allows users to sell their products from within it!
    Most importantly – it pays to be involved with this Platform.
    When You invite a sign up, you earn 50 coins for each of them.
    The earlier you sign up the better.
    Please sign up https://friend007.com/register?ref=Pesamob

    ReplyDelete
  89. DEFIGAME.FINANCE
    Thank you for joining Defigame Finance (DFG). We aim to maximize your benefits from your participation in this game player's decentralized financial platform.

    Token Name : Defigame
    Token Symbol: DFG
    Total Supply: 21,000 DFG
    Smart Contract Address
    Pre-Sale: 40%
    List Justswap Pool: 30% Lock Liquidity 100%
    Reward: 15%
    Team: 15%: Lock 01 Months
    Community: Telegram, Twitter, Medium

    Pre-Sale
    Start at: 20:00, Sep 16 2020 (UTC+8)
    End: 23:00, Sep 16 2020 (UTC+8)
    Listing: Justswap on Sep 17, 2020. TRX in Pre-Sale will use additional for liquidity on Justwap.

    DFG TOKEN PRESALE LIVE NOW.
    How to participate:
    The format for Presale will be first come first serve basis
    Please only send maximum of 50,000 TRX to the $DFG address below:

    Hardcap: 1,260,000 TRX
    Price: 1 DFG = 150 TRX
    Individual cap: 50,000 TRX
    Individual minimum: 2,500 TRX
    Excess TRX will be refunded.
    Token will be distributed within 24 hours after sale finished.

    Website: https://defigame.finance/

    ReplyDelete
  90. Global decentralize network to buy & sell copper

    Deficopper.com is a community-driven DeFi project based on Xiotri (XIOT) and Yearn finance (YFL). We will make DCOP a 10x to 100x token in short time. We are copper maker and involved in London Metal Exchange copper trading for over 30 years. We as an established company and would like to extend our business segment to Decentralized finance (Defi) specifically decentralized copper trading app. We will setup an Defi section that responsible for the development of Deficopper and DCOP.

    Note: DCOP NO PRESALE. All distribute to community.

    Token Symbol: DCOP
    Total supply: 3000 DCOP
    Circulating supply: 2850
    Estimated Launch date: September 15-16, 2020

    Buy at Uniswap: HERE
    Twitter (September 15) start. Live Now https://twitter.com/comdcop

    Telegram September 15 start. Live now## Here you re going to share with your friendz https://t.me/deficopper

    Website: https://deficopper.com/

    Contract address: https://uniswap.info/token/0x390cc97854f85ddb7e84229589b3cc7be16cf0f1f1

    ReplyDelete
  91. We are building the future of open source #digital #currency.
    Join thenewboston Digital Currency At: https://thenewboston.com/

    ReplyDelete
  92. #ChainLink is a decentralized oracle network that provides real-world data to smart contracts on the blockchain. LINK is the digital asset token used to pay for services on the network.

    In the #Ethereum Scheme of Things, Chainlink is very important. With ChainLink, smart contract users can use the network’s oracles to retrieve data from off-chain application program interfaces (APIs), data pools, and other resources and integrate them into the #blockchain. Basically, ChainLink takes information that is external to blockchain applications and puts it on-chain.

    To know more:
    https://www.reddit.com/user/CypheriumCommunity/comments/ilez1o/can_cypherium_be_my_next_moon_bag_after_chainlink/

    Official Token Sale Website
    https://saleinfo.cypherium.io

    Official Website
    https://www.cypherium.io

    watch the video: https://youtu.be/3o1xRpO3n4E

    ReplyDelete
  93. Fiscus.fyi is a lending aggregator that provides stable yields, more pools, #tokens and ultimately better rates but also addresses the fact that all current lending aggregators are #ETH based as it aims to be #blockchain agnostic. A unique two-token system operates the 100% community-owned platform.
    https://fiscus.fyi/

    ReplyDelete
  94. Fiscus.fyi is a lending aggregator that provides stable yields, more pools, #tokens and ultimately better rates but also addresses the fact that all current lending aggregators are #ETH based as it aims to be #blockchain agnostic. A unique two-token system operates the 100% community-owned platform.
    https://fiscus.fyi/

    ReplyDelete
  95. New Trusted #Cloud #Mining By Coins.ph
    Get 0.004 BTC in Less Than 6 Days Instantly
    FREE 1500 GH/s On First SIGN UP
    https://tagabit.io

    ReplyDelete
  96. Medical Veda aims to be the world’s leading open-source healthcare ecosystem that introduces decentralised finance and blockchain applications in the health sector while also enabling decentralized ownership of patient data, ensuring that all industry players get a permissioned access to their data in a seamless, secure and instant manner.
    Token sales start on 28 Sep 2020

    IEO Link of MedicalVeda on ExMarkets: https://exmarkets.com/launchpad/mveda-btc

    Check out their website at https://medicalveda.com
    Telegram: https://t.me/medicalveda
    Facebook: https://www.facebook.com/medicalveda

    ReplyDelete
  97. Medical Veda aims to be the world’s leading open-source healthcare ecosystem that introduces decentralised finance and blockchain applications in the health sector while also enabling decentralized ownership of patient data, ensuring that all industry players get a permissioned access to their data in a seamless, secure and instant manner.
    Token sales start on 28 Sep 2020

    IEO Link of MedicalVeda on ExMarkets: https://exmarkets.com/launchpad/mveda-btc

    Check out their website at https://medicalveda.com
    Telegram: https://t.me/medicalveda
    Facebook: https://www.facebook.com/medicalveda

    ReplyDelete
  98. ¿Qué es Mind Capital? OPINIONES y MEGA-GUÍA sobre la plataforma de arbitraje de bitcoin y criptomonedas
    Click here

    ReplyDelete
  99. ¿Qué es Mind Capital? OPINIONES y MEGA-GUÍA sobre la plataforma de arbitraje de bitcoin y criptomonedas
    Click here

    ReplyDelete
  100. Hoy quería darte mi opinión sobre Mind Capital, una empresa de arbitraje de Criptomonedas dirigida por Gonzalo García Pelayo (Si, el de los Casinos).
    Antes de explicarte un poco más te diré que he invertido $1.000 en BTC, más abajo te explico el motivo
    Por favor, después de leer mi opinión.. mi única recomendación es que no inviertas aquí si no asumes un riesgo del 100%. Click Here

    ReplyDelete
  101. BRINGING PRIVACY TO #DEFI
    For the first time, you will be able to swap, add PL & send #transactions 100% anonymously
    Join Presale: https://www.xfiitech.com/
    ..........................

    ReplyDelete
  102. BRINGING PRIVACY TO #DEFI
    For the first time, you will be able to swap, add PL & send #transactions 100% anonymously
    Join Presale: https://www.xfiitech.com/
    ..........................

    ReplyDelete
  103. The first tokenized MMORPG #DeFi yield farming protocol. Join the #MOONBOIS and farm MOONDUST until genocide is achieved against the FUDSTERS.
    http://moonbois.games

    ReplyDelete
  104. You are going to want to participate in this #cryptocurrency program. You are going to make money with your #investment and with people you bring in, and people you do not bring in personally. You will generate 200% return on your crypto investment.

    You can learn what we are about by watching this video, we will go through the website, show you how it works. Then you can sign up and start to generate profits:
    Sign up with this link:
    https://pgiglobal.trade/left/KingFish
    ========================

    ReplyDelete
  105. YFII Gold is the world's first and only YFI pludges elastic token supply defi-protocol. We are all about decentralization.
    We have wonderful staking Platforms For Both YFII Gold with Annual profit 100% and YFII Silver with Annual profit 70%. Almost 35% of supply has been staked.
    website: yfiigold.finance

    ReplyDelete
  106. YFII Gold is the world's first and only YFI pludges elastic token supply defi-protocol. We are all about decentralization.
    We have wonderful staking Platforms For Both YFII Gold with Annual profit 100% and YFII Silver with Annual profit 70%. Almost 35% of supply has been staked.
    website: yfiigold.finance

    ReplyDelete
  107. #BitcoinZ #decentralized #cryptocurrency, celebrated its 3. birthday. We are all pushing towards new development and a lot of new news will be introduced on next meeting in December.
    Read more information on our new website:
    https://getbtcz.com/

    ReplyDelete
  108. #BitcoinZ #decentralized #cryptocurrency, celebrated its 3. birthday. We are all pushing towards new development and a lot of new news will be introduced on next meeting in December.
    Read more information on our new website:
    https://getbtcz.com/

    ReplyDelete
  109. This is a Zoom Call that you do not want to miss

    Topic: Forsage Opportunity Call
    Time: Tues, Thurs 8:30pm
    Sun 7pm EST

    Join Zoom Meeting
    https://us02web.zoom.us/j/86118826940?pwd=UGkrTDVsOXZkanRma01hM3NyTDFlUT09

    Meeting ID: 861 1882 6940
    Passcode: 160751

    Listen to the Zoom presentation
    Then contact me for onboarding instructions 615-348-7821

    ReplyDelete
  110. Discover How To Earn #CRYPTO Daily Directly To Your Wallet With This Simple And Lucrative
    Smart Contract System

    I'm so excited because I finally found an amazing way to help people start earning really big money in crypto while starting with a very small capital!
    It's a really simple yet so powerful and effective project! I call it ATM #money machine... :)
    My buddy Vitaliy in the first 6 weeks on getting started earned over $200,000 in Crypto!
    What's cool about this project is it's based entirely on TRON Smart Contract..
    So it's completely #DECENTRALISED!

    Check it Now: https://www.vamosmudardevida.com/lpen001/

    ReplyDelete
  111. Blockchain is revolutionary technology and anybody can enjoy it through BINT Protocol

    Please imagine yourself that you are out shopping and get to the cashier to pay, but you do not have any cash and your card does not work all of a sudden. and then you just get informed that your bank has had a computer meltdown and you can not pay anything for a while.

    But what if the till had access to a record or ledger, of the balance on your credit and debit cards that was updated anytime you bought stuff? Even with the bank’s systems down your card would still work well in anytime and anywhere, because the till itself would know your balance.

    That is just one possibility can be provided by a distributed ledger technology, also called as a blockchain. The technology has been around for more than a decade. The blockchain industry started by bitcoin and it has been growing from 2009 to the present.

    For the advantages of blockchain which is that it leads to new opportunities and benefits businesses through greater transparency, upgraded security and easier traceability, 85% of Italy-based banks are using blockchain system to speed the process of double-checking transaction logs.

    Between banks, as we all know, they do reconciliation. in the old system, it takes a long time and was never predictable and the average time for reconciliation was between 30 and 50 days. But in new blockchain based system, reconciliation is completed within a day. Obviously, this system has high efficiency and fewer risks than old system.

    But as you might know, blockchain technology is not well known to the public enough for them to learn and get to use it easily due to it is not easy to find a blockchain network that a lot of people, including programming experts, share information and system knowledges. Therefore we are in need of a network, actively providing specialized materials about blockchain so that anyone who is interested in learning and developing blockchain can actually develop and use blockchain.

    To make this thing happen, BINT Protocol, Blockchain Internet Network Terminal protocol, was established. It aims to create enhanced environment for blockchain system development and build up a community for all the participants to make them be able to freely share each other’s information and do the winning game.

    More specifically, BINT Protocol can offer the fully decentralized and secure environment and a platform in order to build APIs which is it can transfer and receive data with the blockchain network built by the users. And it also can provide an environment that the users can develop by themselves and can manage and operate system by themselves no matter what operating system they have such as Linux, Windows, Mac OS etc. and most importantly it provides to the users with a distributed server computing environment and web-based development environment so the users can develop their own network or any operating system within an hour through BINT Protocol development platform.

    ReplyDelete
  112. Blockchain is revolutionary technology and anybody can enjoy it through BINT Protocol

    Please imagine yourself that you are out shopping and get to the cashier to pay, but you do not have any cash and your card does not work all of a sudden. and then you just get informed that your bank has had a computer meltdown and you can not pay anything for a while.

    But what if the till had access to a record or ledger, of the balance on your credit and debit cards that was updated anytime you bought stuff? Even with the bank’s systems down your card would still work well in anytime and anywhere, because the till itself would know your balance.

    That is just one possibility can be provided by a distributed ledger technology, also called as a blockchain. The technology has been around for more than a decade. The blockchain industry started by bitcoin and it has been growing from 2009 to the present.

    For the advantages of blockchain which is that it leads to new opportunities and benefits businesses through greater transparency, upgraded security and easier traceability, 85% of Italy-based banks are using blockchain system to speed the process of double-checking transaction logs.

    Between banks, as we all know, they do reconciliation. in the old system, it takes a long time and was never predictable and the average time for reconciliation was between 30 and 50 days. But in new blockchain based system, reconciliation is completed within a day. Obviously, this system has high efficiency and fewer risks than old system.

    But as you might know, blockchain technology is not well known to the public enough for them to learn and get to use it easily due to it is not easy to find a blockchain network that a lot of people, including programming experts, share information and system knowledges. Therefore we are in need of a network, actively providing specialized materials about blockchain so that anyone who is interested in learning and developing blockchain can actually develop and use blockchain.

    To make this thing happen, BINT Protocol, Blockchain Internet Network Terminal protocol, was established. It aims to create enhanced environment for blockchain system development and build up a community for all the participants to make them be able to freely share each other’s information and do the winning game.

    More specifically, BINT Protocol can offer the fully decentralized and secure environment and a platform in order to build APIs which is it can transfer and receive data with the blockchain network built by the users. And it also can provide an environment that the users can develop by themselves and can manage and operate system by themselves no matter what operating system they have such as Linux, Windows, Mac OS etc. and most importantly it provides to the users with a distributed server computing environment and web-based development environment so the users can develop their own network or any operating system within an hour through BINT Protocol development platform.

    ReplyDelete
  113. Filescoin is a #decentralized storage network designed to store humanity's private information
    The new incentive layer of IPFS-Filescoin pre-sale information will be announced soon.
    (within a week)

    We will prepare generous bonuses for promoters.
    (up to 40ETH)

    To avoid missing the latest information, please
    ①follow
    @filescoin
    ②join TG: @FILsGlobal
    Twitter: @Filescoin
    Website: https://www.filescoin.io/

    ReplyDelete
  114. Filescoin is a #decentralized storage network designed to store humanity's private information
    The new incentive layer of IPFS-Filescoin pre-sale information will be announced soon.
    (within a week)

    We will prepare generous bonuses for promoters.
    (up to 40ETH)

    To avoid missing the latest information, please
    ①follow
    @filescoin
    ②join TG: @FILsGlobal
    Twitter: @Filescoin
    Website: https://www.filescoin.io/

    ReplyDelete
  115. Apollo exchange is connected to top decentralized exchanges and synthetic asset providers.
    When you execute a swap through Apollo, your order is routed to the sources offering the best prices on the market.
    To know more Follow: https://apolloexchange.tech/

    ReplyDelete
  116. Safe, secure and fast access to #cryptocurrency through #ValorEx #Crypto #Exchange
    https://valorex.io/

    ReplyDelete
  117. TESTIMONY ON HOW I GOT MY LOAN FROM A GENUINE FINANCE COMPANY LAST WEEK. Email for immediate response: drbenjaminfinance@gmail.com

    I am Mrs,Leores J Miguel by name, I live in United State Of America, who have been a scam victim to so many fake lenders online between November last year till July this year but i thank my creator so much that he has finally smiled on me by directing me to this new lender who put a smile on my face this year 2020 and he did not scam me and also by not deceiving or lying to me and my friends but however this lending firm is BENJAMIN LOAN INVESTMENTS FINANCE (drbenjaminfinance@gmail.com) gave me 2% loan which amount is $900,000.00 united states dollars after my agreement to their company terms and conditions and one significant thing i love about this loan company is that they are fast and unique. {Dr.Benjamin Scarlet Owen} can also help you with a legit loan offer. He Has also helped some other colleagues of mine. If you need a genuine loan without cost/stress he his the right loan lender to wipe away your financial problems and crisis today. BENJAMIN LOAN INVESTMENTS FINANCE holds all of the information about how to obtain money quickly and painlessly via Call/Text: +1(415)630-7138 Email: drbenjaminfinance@gmail.com

    When it comes to financial crisis and loan then BENJAMIN LOAN INVESTMENTS FINANCE is the place to go please just tell him I Mrs. Leores Miguel direct you Good Luck....

    ReplyDelete
  118. With the announcement of PayPal to support cryptocurrencies, users may be wondering if they can deposit or withdraw their cryptocurrenies from PayPal. The answer is no, you can't.

    However, I have found a website that allows you to do that. It's https://CryptoToPayPal.com/ and they offer slightly above market rates for your cryptocurrencies. I have tried it myself and it works.

    If you want the referral link, let me know. Referrals earn 5% commission.

    ReplyDelete
  119. Welcome to Wild Acres Amusement Park. (Virtual) Get Your Bitcoin Pass to have fun in Wild Acres ! https://www.visitwildacres.com

    ReplyDelete
  120. Welcome to Wild Acres Amusement Park. (Virtual) Get Your Bitcoin Pass to have fun in Wild Acres ! https://www.visitwildacres.com

    ReplyDelete
  121. #Cryptrade is a fully automated web-based #trading service. By using personally selectable filters, we enable you to buy or sell your #cryptocurrency automatically.
    https://www.cryptrade.cc/

    ReplyDelete
  122. Are You Ready to Start Earning #Bitcoin Daily?
    Simple Business Plan with Legitimate and Affordable Products and Services.
    We Have Helped Over 54,000 People Start Their Online #Business
    Now It's Your Turn to #Earn From Home
    https://www.ingresocybernetico.com/ref/sale29/?earnathome

    ReplyDelete
  123. Are You Ready to Start Earning #Bitcoin Daily?
    Simple Business Plan with Legitimate and Affordable Products and Services.
    We Have Helped Over 54,000 People Start Their Online #Business
    Now It's Your Turn to #Earn From Home
    https://www.ingresocybernetico.com/ref/sale29/?earnathome

    ReplyDelete
  124. How to create a cold Bitcoin Wallet (offline wallet)?

    Cold storage of cryptocurrency (cold bitcoin wallet) is a way of storing private keys on devices disconnected from the Internet, that is, offline.

    To create a cold bitcoin wallet offline:

    1) Go to the website https://bitcoinofficial.org
    2) Wait until the page is fully loaded
    3) Disconnect the Internet
    4) Enter any email and password
    5) After entering the wallet, save the private key (!)
    6) Close the site

    Advantages:

    - Cold bitcoin wallets ensure the maximum safety of the cryptocurrency.
    - Unused wallets installed on devices disconnected from the Internet provide absolute reliability.

    Bitcoinofficial can be used simultaneously as a hot and cold bitcoin wallet. For convenience, the site has been translated into several languages, including Romanian (bitcoinofficial.org/ro/), Vietnamese (bitcoinofficial.org/vi/), Indonesian (bitcoinofficial.org/id/) etc. If you generated a wallet offline without the Internet, you will get a cold wallet, if with the Internet, then a hot one.

    ReplyDelete
  125. How to create a cold Bitcoin Wallet (offline wallet)?

    Cold storage of cryptocurrency (cold bitcoin wallet) is a way of storing private keys on devices disconnected from the Internet, that is, offline.

    To create a cold bitcoin wallet offline:

    1) Go to the website https://bitcoinofficial.org
    2) Wait until the page is fully loaded
    3) Disconnect the Internet
    4) Enter any email and password
    5) After entering the wallet, save the private key (!)
    6) Close the site

    Advantages:

    - Cold bitcoin wallets ensure the maximum safety of the cryptocurrency.
    - Unused wallets installed on devices disconnected from the Internet provide absolute reliability.

    Bitcoinofficial can be used simultaneously as a hot and cold bitcoin wallet. For convenience, the site has been translated into several languages, including Romanian (bitcoinofficial.org/ro/), Vietnamese (bitcoinofficial.org/vi/), Indonesian (bitcoinofficial.org/id/) etc. If you generated a wallet offline without the Internet, you will get a cold wallet, if with the Internet, then a hot one.

    ReplyDelete
  126. Innovative automated World-class #crypto #trading bot platform
    1,000 currency pairs of the global top #exchanges are monitored through the automated crypto profit-taking platform in real time, and if the currency price of one exchange is lower than the price of the second exchange, it will automatically analyze and make thousands transaction per second to make a profit
    Start now from here: https://www.phptrader.com/

    NB: And after completing the identity verification of the new subscriber, we are providing 20USDP (20USD)

    ReplyDelete
  127. Innovative automated World-class #crypto #trading bot platform
    1,000 currency pairs of the global top #exchanges are monitored through the automated crypto profit-taking platform in real time, and if the currency price of one exchange is lower than the price of the second exchange, it will automatically analyze and make thousands transaction per second to make a profit
    Start now from here: https://www.phptrader.com/

    NB: And after completing the identity verification of the new subscriber, we are providing 20USDP (20USD)

    ReplyDelete
  128. Emerging phenomenon of cryptocurrencies and BINT Protocol

    Cryptocurrencies are digital financial assets and nowdays, phenomenon of cryptocurrencies is emerging. This technology is that ownership and transfers of ownership are guaranteed by a cryptographic decentralized technology. It continues to draw a lot of attention from entrepreneurs, general public and investors for its stronger and smarter features.

    Cryptocurrencies can be seen as part of a broader level of financial assets, with peer-to-peer digital transfers of value like money, music, art and so on, without third party institutions for transaction certification purposes. No permission, no transaction fee needed.

    If you have any interests about blockchain and get educated regarding cryptocurrency and digital money, you might want to try BINT Protocol, Blockchain Internet Network Terminal protocol. It provides its own solutions to anyone in need of getting materials and training related blockchain technology development.

    No matter you are an expert in programming or not, as long as you have curiosity about this and give it a try, you can learn and enjoy this technology through BINT Protocol. Which operating systems(Linux, Windows, Mac OS) you use now you can just build up a blockchain system and network in an hour.

    In addition, benefits of creating a unique blockchain network through BINT Protocol based on open source is that it can save much of your time in the process compared to work with other company, and it is more safe and easy. If is is the exciting and interesting subject, then go check the website: http://bintprotocol.com/

    ReplyDelete
  129. #Black_Friday
    It’s that time of the year again!
    But this #Black_Friday we’re bringing you something different.
    An opportunity not to spend, but to #INVEST your money and take destiny into your own hands.
    Actors & Artists Agency has created a platform to revolutionize the Entertainment Industry.
    A platform that allows Artists and Creators to work with more autonomy and have their projects funded directly by investors.

    A platform that allows #investors to receive ROI from their investments in real-time using #Blockchain technology.

    The Artist Token #ICO is now accepting Investment. Put your money where innovation and technology thrive.

    With a highly dedicated team consisting of folks like Kelvin Parker - Famed Entertainment and Agency Executive with over 20 years of experience - Artist Token is primed for success.
    This Black Friday sow the seed and reap the rewards in the coming years, as you watch your Investment Grow.
    An opportunity not to be missed at any cost! Invest now - https://artiststoken.com/

    ReplyDelete
  130. #Black_Friday
    It’s that time of the year again!
    But this #Black_Friday we’re bringing you something different.
    An opportunity not to spend, but to #INVEST your money and take destiny into your own hands.
    Actors & Artists Agency has created a platform to revolutionize the Entertainment Industry.
    A platform that allows Artists and Creators to work with more autonomy and have their projects funded directly by investors.

    A platform that allows #investors to receive ROI from their investments in real-time using #Blockchain technology.

    The Artist Token #ICO is now accepting Investment. Put your money where innovation and technology thrive.

    With a highly dedicated team consisting of folks like Kelvin Parker - Famed Entertainment and Agency Executive with over 20 years of experience - Artist Token is primed for success.
    This Black Friday sow the seed and reap the rewards in the coming years, as you watch your Investment Grow.
    An opportunity not to be missed at any cost! Invest now - https://artiststoken.com/

    ReplyDelete
  131. Mining Watchdog is a multi-purpose cryptocurrency mining services platform that provides unique insights and fore data for cryptocurrency Miners all over the world.

    Mining Watchdog simplifies information gathering for Cryptocurrency Miners by providing estimated profitability and price ranges across mining gadgets and platforms by utilizing several calculation parameters and data sources to estimate profitability while also engaging in extensive research for the most efficient prizes of mining gadgets and services for its Users.
    https://miningwatchdog.com

    ReplyDelete
  132. Mining Watchdog is a multi-purpose cryptocurrency mining services platform that provides unique insights and fore data for cryptocurrency Miners all over the world.

    Mining Watchdog simplifies information gathering for Cryptocurrency Miners by providing estimated profitability and price ranges across mining gadgets and platforms by utilizing several calculation parameters and data sources to estimate profitability while also engaging in extensive research for the most efficient prizes of mining gadgets and services for its Users.
    https://miningwatchdog.com

    ReplyDelete
  133. NICE BLOG
    That's Great & Giving so much information after reading your blog.For RentaPC : Laptop on Rent | PC | Tablets | Macbooks
    Great thanks to you
    Laptop on Rent
    Latest News

    ReplyDelete
  134. In this Arbirate review we'll take a look at the new crypto trading bot just released to the public. Promising high performance, but is it legit?

    ReplyDelete
  135. In this Arbirate review we'll take a look at the new crypto trading bot just released to the public. Promising high performance, but is it legit?

    ReplyDelete
  136. Cash App is an electronic payment service application. Its mainly used for transferring and receiving money.

    In the US, many local shops accept payments through the app.

    It is arguably the simplest means for keeping, receiving and sending money to families and friends.
    http://cashapphelp.online/
    http://cashapphelp.support/

    ReplyDelete
  137. #MATCH is a utility token for the #DeFi in a form of liquidity staking and Decentralized Bet (De-Bet) for sports ecosystem which provides the first sports #betting in decentralized way.
    Visit us at https://matchtoken.io/

    ReplyDelete
  138. #MATCH is a utility token for the #DeFi in a form of liquidity staking and Decentralized Bet (De-Bet) for sports ecosystem which provides the first sports #betting in decentralized way.
    Visit us at https://matchtoken.io/

    ReplyDelete
  139. NICE BLOG
    That's Great & Giving so much information after reading your blog.For RentaPC : Laptop on Rent | PC | Tablets | Macbooks
    Great thanks to you
    Laptop on Rent
    Latest News

    BT Mail

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  140. Vertigo Finance is a new form of governance system, a think-tank where innovation, entrepreneurship, and technological advancements are the priority, creating a much needed utility focus to the blockchain space. Vertigo (VTG) is an adaptive cryptocurrency that will expand or contract its supply automatically.
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  142. 2020 Global Reset Looms in banking, social media, and communications. You have seen censorship, financial restricting, and government control.

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  150. How to create a Bitcoin Wallet without registration?

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  157. Neverlose.money is a lock-up smart contract that enables users to lock-up their long-term cryto assets and earn bonus whenever some users withdraw their funds within the lock-up period

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  158. Decentralized Finance Europe (DeFi)

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  159. Decentralized Finance Europe (DeFi)

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  160. #ViralClick Network is a Digital advertising Network Designed for #Blockchain projects, We create unique opportunities to market Blockchain products on social media using publishers, influencers and display network. Website: https://viralclick.network/

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  161. #ViralClick Network is a Digital advertising Network Designed for #Blockchain projects, We create unique opportunities to market Blockchain products on social media using publishers, influencers and display network. Website: https://viralclick.network/

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  163. �� BLACK BURN BOOK��
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  179. We have gotten reports that CONSBIT has been seized by the police following extortion charges. Do practice alert with your assets.
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  184. #WaterDrop a native #token of #Decentralized Exchange called “WATER” which will be launched by 2021. WaterDrop is an ERC-20 token which runs on #Ethereum #Blockchain
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  185. #WaterDrop a native #token of #Decentralized Exchange called “WATER” which will be launched by 2021. WaterDrop is an ERC-20 token which runs on #Ethereum #Blockchain
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  186. A long term investment is one where everyone expects a digital currency to perform best over a longer time. Simple!
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