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        <title><![CDATA[Stories by Xeonbit on Medium]]></title>
        <description><![CDATA[Stories by Xeonbit on Medium]]></description>
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            <title>Stories by Xeonbit on Medium</title>
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            <title><![CDATA[Technical Journey about Migrating Xeonbit Token (XNS) between Binance Smart Chain (BEP20) and…]]></title>
            <link>https://xeonbit.medium.com/technical-journey-about-migrating-xeonbit-token-xns-between-binance-smart-chain-bep20-and-68422531c979?source=rss-6a3abb11a06e------2</link>
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            <dc:creator><![CDATA[Xeonbit]]></dc:creator>
            <pubDate>Wed, 24 Mar 2021 12:15:22 GMT</pubDate>
            <atom:updated>2021-03-24T21:03:10.663Z</atom:updated>
            <content:encoded><![CDATA[<h3>Technical Journey about Migrating Xeonbit Token (XNS) between Binance Smart Chain (BEP20) and Binance Chain (BEP2)</h3><p>Hi guys, Xeonbit Token (XNS) were released on <a href="https://etherscan.io/token/0x79c71d3436f39ce382d0f58f1b011d88100b9d91">Ethereum (ERC20)</a>, <a href="https://explorer.binance.org/asset/XNS-760">Binance Chain (BEP2)</a> and <a href="https://bscscan.com/token/0x805d53d9b85c56aaa059005c553b65c084bcea85">Binance Smart Chain (BEP20)</a>. We are trying to bind Xeonbit Token (XNS) between <a href="https://bscscan.com/token/0x805d53d9b85c56aaa059005c553b65c084bcea85">Binance Smart Chain (BEP20)</a> &lt;-&gt; <a href="https://explorer.binance.org/asset/XNS-760">Binance Chain (BEP2)</a>. This article will show how to do it.</p><ul><li><strong>Requirements</strong>: BC Account, BSC Account, Metamask, Remix, bnbcli</li><li><strong>Time</strong>: 1 hour</li></ul><h3>Process Overview — 3 Simple Steps</h3><h3>Part 1 — Generating the Bind</h3><ol><li>Token Owner deploys a BEP20 contract with totalSupply that <strong>*exactly*</strong> matches its BEP2 counter-part. The symbol should be identical to the prefix of the BEP2 symbol (ie. if BEP2 is “XNS-760” then symbol should be “XNS”) The decimals also must be 18.</li><li>BEP2 Token Owner then binds the BEP20 contract with the BEP2 asset.</li></ol><p><strong><em>This now creates the asset on BSC and tells BC about it. The full supply of the BSC asset will be on the BEP20 Owner’s address.</em></strong></p><h3>Part 2 — Approving the Bind</h3><ol><li>The BEP20 owner then approves the BSC TokenHub to spend an infinite supply.</li><li>The BEP20 owner then approves the Bind on the TokenHub contract.</li></ol><p><strong>The full supply will now be moved into the TokenHub, ready to fulfil transfer requests by BEP2 owners.</strong></p><h3>Part 3 — Social Profile (skip)</h3><ol><li>BEP20 Owner is to then update the social profile on BscScan to allow users to discover and be informed about their new BEP20 token.</li></ol><h3>Part 1 — Generating the Bind</h3><h3>1.1 Creating a BEP20 Token (Skip)</h3><h3>1.2 Binding the BEP2</h3><p>The next part is to bind the two assets together.</p><p>Firstly, download the CLI binary (get the latest version, then download off github):</p><p>Binance have a community-maintained installer script (install.sh) that takes care of chain directory setup. This uses the following defaults:</p><ul><li>Home folder in ~/.bnbchaind</li><li>Client executables stored in /usr/local/bin (i.e. lightd or bnbchaind)</li></ul><blockquote># One-line install <br>sh &lt;(wget -qO- <a href="https://raw.githubusercontent.com/binance-chain/node-binary/master/install.sh)">https://raw.githubusercontent.com/binance-chain/node-binary/master/install.sh)</a></blockquote><p>The script will install the bnbchain, bnbcli and tbnbcli binaries. Verify that everything is OK:</p><blockquote>$ bnbchaind version<br>$ bnbcli version</blockquote><p>Import owner key with mnemonic to your keys:</p><blockquote>$ bnbcli keys add owner — recover</blockquote><p>Then prepare the command to bind the BEP2 with smart contract BEP20</p><blockquote>$ bnbcli bridge bind — symbol XNS-760 — amount 0 — expire-time 1616579955 — contract-decimals 18 — from owner — chain-id Binance-Chain-Tigris — contract-address 0x805d53d9b85c56aaa059005c553b65c084bcea85 — node http://dataseed4.binance.org:80</blockquote><p>Note on parameters:</p><ul><li><strong>Symbol</strong> is the BEP2 symbol</li><li><strong>Amount</strong> should be 0 which will specify 100% of the supply to be migrated</li><li><strong>Expire-time</strong> place 15 minutes into the future: <a href="https://www.epochconverter.com/">https://www.epochconverter.com/</a></li><li><strong>Contract Address</strong> should be the BEP20 address</li></ul><blockquote>Committed at block 152241896 (tx hash: <a href="https://explorer.binance.org/tx/A4795DF9931B41E56350A8D657CBAEE816D1AEBBC5BD9824E5BC8DB001F1E8D5">A4795DF9931B41E56350A8D657CBAEE816D1AEBBC5BD9824E5BC8DB001F1E8D5</a>, response: {Code:0 Data:[] Log:Msg 0: Info: GasWanted:0 GasUsed:0 Events:[{Type: Attributes:[{Key:[112 101 103 95 105 110 95 66 78 66] Value:[50 48 48 48 48 48 48] XXX_NoUnkeyedLiteral:{} XXX_unrecognized:[] XXX_sizecache:0} {Key:[83 101 110 100 83 101 113 117 101 110 99 101] Value:[54 56] XXX_NoUnkeyedLiteral:{} XXX_unrecognized:[] XXX_sizecache:0} {Key:[67 104 97 110 110 101 108] Value:[1] XXX_NoUnkeyedLiteral:{} XXX_unrecognized:[] XXX_sizecache:0} {Key:[114 101 108 97 121 101 114 70 101 101] Value:[50 48 48 48 48 48 48] XXX_NoUnkeyedLiteral:{} XXX_unrecognized:[] XXX_sizecache:0} {Key:[97 99 116 105 111 110] Value:[99 114 111 115 115 66 105 110 100] XXX_NoUnkeyedLiteral:{} XXX_unrecognized:[] XXX_sizecache:0}] XXX_NoUnkeyedLiteral:{} XXX_unrecognized:[] XXX_sizecache:0}] Codespace: XXX_NoUnkeyedLiteral:{} XXX_unrecognized:[] XXX_sizecache:0})</blockquote><p>Result will show with transaction on BC</p><h3>Part 2 — Approving the Bind</h3><h3>2.1 Approving the Tokenhub to spend.</h3><p>Head to BSCScan find the <a href="https://bscscan.com/token/0x805d53d9b85c56aaa059005c553b65c084bcea85#writeContract">Xeonbit Token(BEP20)</a> contract and click “<strong>write contract</strong>” in order to approve TokenHub contract to spend an infinite supply (just use “-1”):</p><pre>0x0000000000000000000000000000000000001008</pre><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*mPmadXv1zMnuqdGcAHDrCA.png" /></figure><p>You can see the <a href="https://bscscan.com/tx/0xf832ad312b470af2a2c8fe1c952a98e84f6f2ac82c8e0fcb30e95a27f6378246">contract transaction detail</a></p><h3>2.3 Approving the Bind</h3><p>The BEP20 Owner can now approve the bind. This will transfer the full supply from their address into the <strong>TokenHub Contract</strong>.</p><p><a href="https://bscscan.com/address/0x0000000000000000000000000000000000001008#writeContract">https://bscscan.com/address/0x0000000000000000000000000000000000001008#writeContract</a></p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*0Bl7j2lDzUOiQbMugJENDA.png" /><figcaption>After connect through Metamask you can click Approve the Contract transaction</figcaption></figure><p><em>Note: you will need to pay the relay fee of 0.01 BNB.</em></p><p>You can see the <a href="https://bscscan.com/tx/0x515a9bd6e7eced9751eecc51a538355d2cbc1486e1c570c02833f4ddfd6ea506#eventlog">contract transaction detail</a> event log we saw the <em>failedReson: 1</em>. We also don&#39;t know what&#39;s happening with the result</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*SwflL7r-PXdmInFkpgZopg.png" /><figcaption>We will find out what&#39;s the failReason: 1 and update about it soon.</figcaption></figure><p>After this step you can use Bridge between BEP20 and BEP2. Please let us know more about your idea to solve this issue. Thanks</p><p>Reference:<br><a href="https://medium.com/spartanprotocol/migrating-from-binance-chain-to-binance-smart-chain-bdda3a36385d">https://medium.com/spartanprotocol/migrating-from-binance-chain-to-binance-smart-chain-bdda3a36385d</a><br><a href="https://bnbsmartchain.com/bind-bep2-and-bep20-token/">https://bnbsmartchain.com/bind-bep2-and-bep20-token/</a></p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=68422531c979" width="1" height="1" alt="">]]></content:encoded>
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            <title><![CDATA[Future Of Exchanges?]]></title>
            <link>https://xeonbit.medium.com/future-of-exchanges-f8f90e0bcb3f?source=rss-6a3abb11a06e------2</link>
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            <category><![CDATA[centralized-exchange]]></category>
            <category><![CDATA[cex]]></category>
            <category><![CDATA[decentralised-exchange]]></category>
            <category><![CDATA[dex]]></category>
            <category><![CDATA[xeonbit]]></category>
            <dc:creator><![CDATA[Xeonbit]]></dc:creator>
            <pubDate>Thu, 05 Mar 2020 09:49:12 GMT</pubDate>
            <atom:updated>2020-03-05T09:49:12.012Z</atom:updated>
            <content:encoded><![CDATA[<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*lcH6N1ix3BByu9JxD0W1hQ.png" /></figure><p>These days, there are so many issues about Centralized Exchanges (CEXs) example (hacking, data breach, etc…). However, traders prefer to interact with CEXs and reliable than Decentralized Exchanges (DEXs). Let’s discuss to find out why.</p><p>Back to 10 years ago, MtGox was one of famous exchanges based in Japan similar with Binance exchange nowadays. At the stone age of cryptoworld, it was hard to find any reliable crypto-wallet to store assets. That why 99% of traders kept their crypto assets on exchanges. It was fast and easy for traders however “put all eggs in one basket” was not a smart solution. Thanks for technology and developers, today there are many crypto-wallets for people and traders. Smart traders only use small necessary amount to interact with their CEXs. With CEXs, governments or authorities can manage and control traders through CEX’s terms of use and KYC (Know your Customers) policies. It is the perfect world here if CEXs work well (no technical issues &amp; price manipulations) traders also follow up all the terms &amp; policies.</p><p>CEXs are similar to traditional Bank and may go against decentralized vision of crypto-world. DEXs were born to solve many scandals from CEXs (MtGox, BTC-e, Cryptopia, IDAX, etc…). There are only skill traders can trade on DEXs due to complicate technical wallet linked with DEXs. However, DEXs are opening the gate of free trading without register and KYC. DEXs fulfill the requirement of decentralized vision. However, governments and authorities are unhappy when trying to “protect” (surveillance) their traders.</p><p>In conclusion, choosing CEXs or DEXs depends on decision of traders. Most important exchanges are playground for them to earn profits. Stay safe and learn more new idea from both CEXs and DEXs. Currently Xeonbit (XNB) and Xeonbit Token (XNS) are traded on both CEXs and DEXs. Below is the list of exchanges, wish you all get profits and happy with crypto-currency trading.</p><h3><strong>Xeonbit (XNB) Exchanges</strong></h3><p><strong>CREX24:</strong> <a href="https://crex24.com/exchange/XNB-BTC">https://crex24.com/exchange/XNB-BTC</a></p><p><strong>P2PB2B:</strong> <a href="https://p2pb2b.io/trade/XNB_BTC">https://p2pb2b.io/trade/XNB_BTC</a></p><p><strong>P2PB2B:</strong> <a href="https://p2pb2b.io/trade/XNB_ETH">https://p2pb2b.io/trade/XNB_ETH</a></p><p><strong>STEX:</strong> <a href="https://app.stex.com/en/basic-trade/pair/BTC/XNB">https://app.stex.com/en/basic-trade/pair/BTC/XNB</a></p><p><strong>Graviex:</strong> <a href="https://graviex.net/markets/xnbbtc">https://graviex.net/markets/xnbbtc</a></p><h3>Xeonbit Token (XNS) Exchanges</h3><p><strong>CREX24:</strong> <a href="https://crex24.com/exchange/XNS-BTC">https://crex24.com/exchange/XNS-BTC</a></p><p><strong>IDEX:</strong> <a href="https://idex.market/eth/xns">https://idex.market/eth/xns</a></p><p><strong>Bitcratic:</strong> <a href="https://www.bitcratic.com/#!/trade/XNS-ETH">https://www.bitcratic.com/#!/trade/XNS-ETH</a></p><p><strong>McafeeDex:</strong> <a href="https://mcafeedex.com/#XNS-ETH">https://mcafeedex.com/#XNS-ETH</a></p><p><strong>LEDGERDEX:</strong> <a href="https://app.ledgerdex.com/#/app/erc20token/0x79c71d3436f39ce382d0f58f1b011d88100b9d91">https://app.ledgerdex.com/#/app/erc20token/0x79c71d3436f39ce382d0f58f1b011d88100b9d91</a></p><p><strong>FORKDELTA:</strong> <a href="https://forkdelta.app/#!/trade/0x79c71d3436f39ce382d0f58f1b011d88100b9d91-ETH">https://forkdelta.app/#!/trade/0x79c71d3436f39ce382d0f58f1b011d88100b9d91-ETH</a></p><p><strong>Bamboorelay: </strong><a href="https://bamboorelay.com/trade/XNS-ETH">https://bamboorelay.com/trade/XNS-ETH</a></p><p><strong>Token Jar:</strong> <a href="https://tokenjar.io/XNS">https://tokenjar.io/XNS</a></p><p><strong>Uniswap:</strong> <a href="https://uniswap.exchange/swap">https://uniswap.exchange/swap</a></p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=f8f90e0bcb3f" width="1" height="1" alt="">]]></content:encoded>
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            <title><![CDATA[50% Discount Coupon Xeonbit Black Friday 2019]]></title>
            <link>https://xeonbit.medium.com/50-discount-coupon-xeonbit-black-friday-2019-5d52f5599d92?source=rss-6a3abb11a06e------2</link>
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            <category><![CDATA[xeonbit-token]]></category>
            <category><![CDATA[xeonbit]]></category>
            <category><![CDATA[membership]]></category>
            <category><![CDATA[black-friday]]></category>
            <dc:creator><![CDATA[Xeonbit]]></dc:creator>
            <pubDate>Thu, 21 Nov 2019 09:03:43 GMT</pubDate>
            <atom:updated>2019-11-21T09:03:43.089Z</atom:updated>
            <content:encoded><![CDATA[<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*8gGb2x-jgFwckOsU8JG-qg.jpeg" /></figure><p>Enjoy Black Friday 2019 with <a href="https://xeonbit.com/tag/xeonbit">Xeonbit</a> by coupon: <strong>blackfriday2019</strong> in your cart until Nov 30 2019.</p><p>Join our Membership Packages for special and exclusive privilege. We only accept Xeonbit $XNB as payment gateway.</p><p><a href="https://xeonbit.com/products/">Products &amp; Services</a></p><iframe src="https://cdn.embedly.com/widgets/media.html?src=https%3A%2F%2Fwww.youtube.com%2Fembed%2FWYKGM3Xg48o%3Ffeature%3Doembed&amp;url=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DWYKGM3Xg48o&amp;image=https%3A%2F%2Fi.ytimg.com%2Fvi%2FWYKGM3Xg48o%2Fhqdefault.jpg&amp;key=a19fcc184b9711e1b4764040d3dc5c07&amp;type=text%2Fhtml&amp;schema=youtube" width="854" height="480" frameborder="0" scrolling="no"><a href="https://medium.com/media/da35a9d539f020bf3a28a118dee9742a/href">https://medium.com/media/da35a9d539f020bf3a28a118dee9742a/href</a></iframe><p>Please share, reply and comment if you have any question. Cheer!!!</p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=5d52f5599d92" width="1" height="1" alt="">]]></content:encoded>
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            <title><![CDATA[Quick Review About Coinmarketcap Capital Event Nov 12th 2019]]></title>
            <link>https://xeonbit.medium.com/quick-review-about-coinmarketcap-capital-event-nov-12th-2019-87802406f0b0?source=rss-6a3abb11a06e------2</link>
            <guid isPermaLink="false">https://medium.com/p/87802406f0b0</guid>
            <category><![CDATA[xeonbit]]></category>
            <category><![CDATA[capital]]></category>
            <category><![CDATA[coinmarketcap]]></category>
            <category><![CDATA[binance]]></category>
            <category><![CDATA[singapore]]></category>
            <dc:creator><![CDATA[Xeonbit]]></dc:creator>
            <pubDate>Tue, 12 Nov 2019 07:03:21 GMT</pubDate>
            <atom:updated>2019-11-13T01:27:53.432Z</atom:updated>
            <content:encoded><![CDATA[<p>The end of 2019 is happening with many interesting events. The current Coinmarketcap (CMC) event at Victoria Theater (Singapore) is still bringing more curiosity to the audiences. The founders of CMC (Brandon Chez) and Capital (Sunny King) are shown up with masks and a voice changing system.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*g0G5dwdwRhX0rOTVJwqB7Q.jpeg" /><figcaption>Anonymous talk between Bandon Chez (founder CMC) and Sunny King (Capital)</figcaption></figure><h3>New Features of CMC</h3><p>After the short talk from the founders, we will discover more feature of CMC likes: new UI, earn crypto from crypto, liquidity ranking for exchanges and etc…</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*cyan-2QcAtYyfwL1bk1ngA.jpeg" /></figure><h3>Exchange introduction</h3><p>Of course the giant exchange Binance should be here to introduce his services. Different from previous events, CZ (CEO of Binance) shared with us stories about Binance’s beginnings from 2017: 2BTC dinner, Binance’s ICO process, the approach of Binance Malta and so on …</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*30r3Y5XWAALtDx7oF2idyw.jpeg" /></figure><h3>Free gifts from the event</h3><p>People will forget all the events if there were no free gifts for them. There is a free registration to attend the event, and of course there are free gifts for participants. You also can do networking to reach your potential customers. Using the Brella event-free app (available on iOS and Android) with <strong>coinmarketcap</strong> pass. The same password is used for Wifi Capital during the event.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/600/1*lqxDHwdvwHvB47K7IghDag.jpeg" /><figcaption>Name tag during CMC event for networking</figcaption></figure><figure><img alt="" src="https://cdn-images-1.medium.com/max/600/1*AACTnZDctcpkvOtpUR0GvA.jpeg" /><figcaption>Small gifts from the event</figcaption></figure><p>You also can join with Xeonbit for the meet up tomorrow @ MBS<br><a href="https://www.facebook.com/events/425496758148098/">https://www.facebook.com/events/425496758148098/</a></p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*tRrqShYkYBIkcB1CC5uPTg.jpeg" /></figure><p>All the best for the success of Crypto-world</p><p>You can watch the CMC event live here</p><iframe src="https://cdn.embedly.com/widgets/media.html?src=https%3A%2F%2Fplayer.vimeo.com%2Fvideo%2F372260762%3Fapp_id%3D122963&amp;dntp=1&amp;url=https%3A%2F%2Fplayer.vimeo.com%2Fvideo%2F372260762&amp;image=http%3A%2F%2Fi.vimeocdn.com%2Fvideo%2Fdefault-live_1280&amp;key=a19fcc184b9711e1b4764040d3dc5c07&amp;type=text%2Fhtml&amp;schema=vimeo" width="1920" height="1080" frameborder="0" scrolling="no"><a href="https://medium.com/media/ba23931768777093f1619f757f5bd759/href">https://medium.com/media/ba23931768777093f1619f757f5bd759/href</a></iframe><iframe src="https://cdn.embedly.com/widgets/media.html?src=https%3A%2F%2Fplayer.vimeo.com%2Fvideo%2F372770179%3Fapp_id%3D122963&amp;dntp=1&amp;url=https%3A%2F%2Fvimeo.com%2F372770179&amp;image=https%3A%2F%2Fi.vimeocdn.com%2Fvideo%2Fdefault-live_1280&amp;key=a19fcc184b9711e1b4764040d3dc5c07&amp;type=text%2Fhtml&amp;schema=vimeo" width="1280" height="720" frameborder="0" scrolling="no"><a href="https://medium.com/media/c7d9adf122fab3ed88b9f12c958e2b69/href">https://medium.com/media/c7d9adf122fab3ed88b9f12c958e2b69/href</a></iframe><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=87802406f0b0" width="1" height="1" alt="">]]></content:encoded>
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            <title><![CDATA[Step By Step Guide How To Join Xeonbit’s Membership]]></title>
            <link>https://xeonbit.medium.com/step-by-step-guide-how-to-join-xeonbits-membership-ebab6595f005?source=rss-6a3abb11a06e------2</link>
            <guid isPermaLink="false">https://medium.com/p/ebab6595f005</guid>
            <category><![CDATA[blockchain]]></category>
            <category><![CDATA[refferals]]></category>
            <category><![CDATA[xnb]]></category>
            <category><![CDATA[xeonbit]]></category>
            <category><![CDATA[product]]></category>
            <dc:creator><![CDATA[Xeonbit]]></dc:creator>
            <pubDate>Tue, 05 Nov 2019 07:37:22 GMT</pubDate>
            <atom:updated>2019-11-05T07:37:22.385Z</atom:updated>
            <content:encoded><![CDATA[<figure><img alt="" src="https://cdn-images-1.medium.com/max/800/1*ihWUQDp5fkSOu7_o8ANzUQ.png" /><figcaption>Go to <a href="https://xeonbit.com/products/"><strong>https://xeonbit.com/products/</strong></a> to chose your favorite membership type</figcaption></figure><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*7E35kPHtHwtjUm_ZhV-D5Q.png" /><figcaption>In this example we will select the Basic Package (<strong>Started Xeonbit Package</strong>)</figcaption></figure><figure><img alt="" src="https://cdn-images-1.medium.com/max/800/1*MU1j83v1UdMl-ru06Or1DQ.png" /><figcaption>Click on <strong>Add to cart </strong>button</figcaption></figure><figure><img alt="" src="https://cdn-images-1.medium.com/max/800/1*BbEiCyJa8VNRXhi0Kt6hBA.png" /><figcaption>You can <strong>View Cart</strong> by click on the button</figcaption></figure><figure><img alt="" src="https://cdn-images-1.medium.com/max/800/1*CXaWWZh1HVHiCHGLsEjhUw.png" /><figcaption>Click on <strong>Proceed to checkout</strong> button to process checking out</figcaption></figure><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*qOw6SXq1ULE6INm2yJPNig.png" /><figcaption>Fill up information then Click on <strong>Place Order</strong> button</figcaption></figure><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*dTlWiZwyhzE_5Aj_4Vxo8g.png" /><figcaption>System will generate Xeonbit <strong>Total due Amount </strong>and <strong>Pay To Address</strong> for Your Payment (Click on the<strong> icon</strong> to copy the <strong>Amount</strong> or <strong>Address</strong>)</figcaption></figure><figure><img alt="" src="https://cdn-images-1.medium.com/max/800/1*f80YvhFhIQvGIaB1oD92dw.png" /><figcaption>Open your <strong>Xeonbit Desktop Wallet</strong>. Keep the Wallet sync with Network (<strong>Connected</strong> status) then Paste <strong>Amount</strong> &amp; <strong>Address</strong> correctly above to <strong>Send</strong></figcaption></figure><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*FWeqadXKx5qovkxzHRVxRQ.png" /><figcaption>After click on <strong>Send</strong> button we need to click <strong>OK</strong> button to confirm the transaction</figcaption></figure><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*oOq-iQ81l2uj04nbsPMHaQ.png" /><figcaption>Enter your <strong>wallet password</strong> and <strong>Continue</strong> your Sending Progress</figcaption></figure><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*qY_AeLQtNs50k9Lh3rvKXA.png" /><figcaption>After that, your Xeonbit had been sent successful with <strong>transaction ID</strong>. Just click OK</figcaption></figure><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*FPy6zKbvy7IsZ0OY1APsSA.png" /><figcaption>Be back to <strong>Check out Page</strong> and Wait for a few minutes when the transaction had been confirmed on network. <strong>The transaction Id</strong> will be shown as photo</figcaption></figure><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*XNpRIskiZQDfvxJQLFYBqg.png" /><figcaption>You can go to <a href="https://xeonbit.com/my-account/orders"><strong>https://xeonbit.com/my-account/orders</strong></a><strong> </strong>to check your order status as <strong>Completed</strong></figcaption></figure><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*eFvsTHomFdnHKCiOkZBCVw.png" /><figcaption>You also can view your Referral URL at Dashboard tab <a href="https://xeonbit.com/my-account/orders"><strong>https://xeonbit.com/my-account</strong></a></figcaption></figure><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=ebab6595f005" width="1" height="1" alt="">]]></content:encoded>
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            <title><![CDATA[Xeonbit Giveaway Halloween  Edition]]></title>
            <link>https://xeonbit.medium.com/xeonbit-giveaway-halloween-edition-8b0b35db2f64?source=rss-6a3abb11a06e------2</link>
            <guid isPermaLink="false">https://medium.com/p/8b0b35db2f64</guid>
            <dc:creator><![CDATA[Xeonbit]]></dc:creator>
            <pubDate>Mon, 28 Oct 2019 02:07:55 GMT</pubDate>
            <atom:updated>2019-10-28T02:07:55.522Z</atom:updated>
            <content:encoded><![CDATA[<h3>Xeonbit Giveaway Halloween Edition</h3><figure><img alt="" src="https://cdn-images-1.medium.com/max/960/1*v8Glxum7qUHynmqv2fYNNA.jpeg" /></figure><h3>Xeonbit on Twitter</h3><p>Xeonbit #Giveaways 1,000 #XNB and 1,000 #XNS In order to be randomly selected winner you must: . Follow us @xeonbit (so we can DM you) . Like this . Retweet this . Tag 5 of your friends! Ending in 24 hours!</p><iframe src="https://cdn.embedly.com/widgets/media.html?type=text%2Fhtml&amp;key=a19fcc184b9711e1b4764040d3dc5c07&amp;schema=facebook&amp;url=https%3A//www.facebook.com/xeonbit/posts/789280428159693&amp;image=" width="600" height="600" frameborder="0" scrolling="no"><a href="https://medium.com/media/e69dded0fe9bce3bbda1bca7552be559/href">https://medium.com/media/e69dded0fe9bce3bbda1bca7552be559/href</a></iframe><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=8b0b35db2f64" width="1" height="1" alt="">]]></content:encoded>
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            <title><![CDATA[Xeonbit.com: How to Fix an Error ERR_NAME_NOT_RESOLVED on Android Devices?]]></title>
            <link>https://xeonbit.medium.com/xeonbit-com-how-to-fix-an-error-err-name-not-resolved-on-android-devices-ed7cd9b1432a?source=rss-6a3abb11a06e------2</link>
            <guid isPermaLink="false">https://medium.com/p/ed7cd9b1432a</guid>
            <category><![CDATA[dns]]></category>
            <category><![CDATA[firefox]]></category>
            <category><![CDATA[xeonbit]]></category>
            <category><![CDATA[chrome]]></category>
            <category><![CDATA[android]]></category>
            <dc:creator><![CDATA[Xeonbit]]></dc:creator>
            <pubDate>Tue, 15 Oct 2019 08:11:03 GMT</pubDate>
            <atom:updated>2019-10-15T08:11:03.334Z</atom:updated>
            <content:encoded><![CDATA[<p>The error “This webpage is not available: ERR_NAME_NOT_RESOLVED” on Android devices can appear both in the Google Chrome browser and in the Google Play Store app or in 3-rd party applications (this error can also appear on other operating systems with the Google Chrome browser, for example in Windows 10, MacOS or iOS). In most cases, this error is related to problems with DNS server or DNS-server connection. Let’s try to figure out how to fix the ERR_NAME_NOT_RESOLVED error on the Android smartphone and tablets.</p><p>The error “net: ERR_NAME_NOT_RESOLVED” indicates that the operating system cannot convert the DNS address (hostname) of the server’s which the user typed in the browser or to which the application connects) to an IP address. Accordingly, this website or service can’t be reached. The problem may be related to both the DNS server that your device uses and the DNS settings on the client. The error doesn’t depend on the type of your Internet connection: you can be connected via Wi-Fi or via the Mobile Internet.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/667/1*1Ikt1ST-uhFI8e0OcFmMjw.png" /></figure><p>Before you do something — read carefully the following checklist, it’s possible to solve your mistake quite simply:</p><ol><li>Check that you typed the correct site URL;</li><li>Reboot your Android device;</li><li>Try to open other sites. You need to understand if the ERR_NAME_NOT_RESOLVED error appears when accessing one or all sites;</li><li>If you are connected to the Internet via a Wi-Fi access point (router), check whether the error appears on all devices that are connected to it, or only on single one. If there is an error on all devices, most likely there is a problem with the access point settings (try restarting your Wi-Fi router), the provider’s DNS server is unavailable, or on a web server side;</li><li>There is no network connection (the cable is damaged, the router doesn’t work, your ISP has a crash, etc.);</li><li>If you are using applications to perform a VPN connection, proxy server or anonymizer apps, try to disable them;</li><li>Boot your Android device in safe mode. If the error in this mode doesn’t appear, the problem is most likely caused by some recently installed application.</li></ol><p>We also recommend that you check and change the DNS server settings for your Internet connection, by specifying one of Google’s public DNS servers as preferable DNS. To do this:</p><ol><li>Go to menu Settings &gt; Wi-Fi;</li><li>Long press your Wi-Fi network name, then in the menu <strong>Modify this network</strong>;</li><li>Mark the check box<strong> Show advanced options</strong>;</li><li>Change “IP settings” to “Static”;</li><li>Set the static IP for the DNS1<em>–8.8.8.8</em> and DNS2<em>–8.8.4.4</em> (on different versions of Android, the path and the names of the menu items may differ);</li><li>Restart the device;</li><li>Try to open the site you need in a browser or launch an application.</li></ol><figure><img alt="" src="https://cdn-images-1.medium.com/max/310/1*BPczPRECG0pD-ijHkgQgBw.png" /></figure><p>If you can not view Xeonbit.com website on your android default browser, please try other browser like (Chrome, firefox…). Please let us know your issue. Thanks</p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=ed7cd9b1432a" width="1" height="1" alt="">]]></content:encoded>
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            <title><![CDATA[A Step by Step Guide How to Use Dex Xeonbit]]></title>
            <link>https://xeonbit.medium.com/a-step-by-step-guide-how-to-use-dex-xeonbit-24535b1a0cba?source=rss-6a3abb11a06e------2</link>
            <guid isPermaLink="false">https://medium.com/p/24535b1a0cba</guid>
            <category><![CDATA[mcafee]]></category>
            <category><![CDATA[dex]]></category>
            <category><![CDATA[xn]]></category>
            <category><![CDATA[ethereum]]></category>
            <category><![CDATA[xeonbit]]></category>
            <dc:creator><![CDATA[Xeonbit]]></dc:creator>
            <pubDate>Sun, 13 Oct 2019 11:15:35 GMT</pubDate>
            <atom:updated>2019-10-13T11:15:35.363Z</atom:updated>
            <content:encoded><![CDATA[<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*S0Ob5Vfu_uGKWXIcwjFCCQ.jpeg" /></figure><p>The privacy-focused <a href="http://dex.xeonbit.com/">DEX Xeonbit</a>, does not have any restrictions, “no name, no document, no document, no email, no bank info.” <a href="https://xeonbit.com/tag/dex">DEX</a> will support any ERC-20 token and anybody can list their token on it.</p><p>This opens a whole new world of freedom for anybody trading any crypto, irrespective of identity, region, regulation.</p><h3>Log In</h3><ul><li>Open <a href="https://dex.xeonbit.com/">https://dex.xeonbit.com/</a> in your browser.</li></ul><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*BpCGYeCGO4Kxisaie8g9lw.png" /></figure><p>Immediately after you log in this pops up. Whitelisting enables you to trade on the platform without any fees.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/959/1*0fqoTEJIxRp-i9R1rVHuZQ.png" /></figure><p>If your browser is using Metamask dex.xeonbit.com will automatically request to unlock your Metamask Wallet</p><iframe src="https://cdn.embedly.com/widgets/media.html?src=https%3A%2F%2Fwww.youtube.com%2Fembed%2FEoixXltY2y4%3Ffeature%3Doembed&amp;url=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DEoixXltY2y4&amp;image=https%3A%2F%2Fi.ytimg.com%2Fvi%2FEoixXltY2y4%2Fhqdefault.jpg&amp;key=a19fcc184b9711e1b4764040d3dc5c07&amp;type=text%2Fhtml&amp;schema=youtube" width="854" height="480" frameborder="0" scrolling="no"><a href="https://medium.com/media/e318bae7846e40a1e8873b68e98d3f36/href">https://medium.com/media/e318bae7846e40a1e8873b68e98d3f36/href</a></iframe><p>Or else go to the top right and click on Select Account — New account</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*izjD1L53prS4SFZTzMmUpA.png" /></figure><p>Once you click on New account, you will receive your Ethereum Address and Private Key. Keep your private key somewhere safe. <strong>Do not share with others.</strong></p><figure><img alt="" src="https://cdn-images-1.medium.com/max/816/1*6nnZ85e9r0uoox5vrT21Xw.jpeg" /><figcaption>(There’s no amount in this account for you to take. Sorry!)</figcaption></figure><p>Once you click OK, you are logged in. See your Ethereum address on the Top Right Corner.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*QDUTqwGYF0i_w50ZGOBXjA.png" /><figcaption>Your ETH address will be shown at top right corner</figcaption></figure><h3>Security Set-Up</h3><p>Before looking into other features, let’s check the security set up first.</p><ul><li>In case you accidentally log out, you can always import your account</li></ul><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*475d8yF2s8WbOQtFmkRBLg.png" /></figure><ul><li>Use your Ethereum address and saved Private Key to import account.</li></ul><figure><img alt="" src="https://cdn-images-1.medium.com/max/481/1*UQC71U57gG3H6WP0xd9LMw.jpeg" /><figcaption>Enter your ETH address (Public address) and private key (<strong>Do not share to anyone!</strong>)</figcaption></figure><ul><li>You can export your Private Key anytime and keep it safe</li></ul><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*lDYkXBcMolEImcrsyiCL2A.png" /><figcaption>Using Export Private Key (<strong>Do not share to anyone!</strong>) and keep it safe</figcaption></figure><ul><li>You can also use your Ledger Nano S, to do transactions securely.</li></ul><figure><img alt="" src="https://cdn-images-1.medium.com/max/988/1*mdgzGH5OHOim_rnplda5Og.png" /></figure><h3>DEX</h3><ul><li>We can log in from 2 accounts and switch between them.</li></ul><figure><img alt="" src="https://cdn-images-1.medium.com/max/872/1*vlrit6xl7ujMSwXPOyCk2g.jpeg" /></figure><ul><li>Whitelist Checker</li></ul><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*f3iVmWQbkdH2ms963JF9OQ.jpeg" /></figure><ul><li>The whitelist checker takes you to the SwitchDex platform where you can check if your Ethereum address is whitelisted.</li></ul><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*ccd2CPn9VviB_gEicm-DTQ.jpeg" /></figure><ul><li>The Balance Tab</li></ul><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*2Y29FKbrhaiu8QJ99tQhQw.png" /></figure><ul><li>Add Token — This option is for companies to add their coin for free in the DEX.</li></ul><figure><img alt="" src="https://cdn-images-1.medium.com/max/566/1*sXHSkuwRNXQ1XTgvht_qyg.jpeg" /><figcaption>Enter your Smart Contract and Ticker Name (you can get correct information from Etherscan)</figcaption></figure><h3>Trade</h3><ul><li>The DEX has the following pairs: ETH, DAI, WBTC, TUSD</li></ul><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*Vhy4RXh9wFJM85GyuHY6uQ.png" /></figure><h4>Reviewing the Orderbook</h4><p>So, we moved to an Orderbook which has volume. We selected the ESH/ETH trading pair.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*LopmuA0ljLBG40aOFCV2dw.jpeg" /></figure><h4>Let us look into a buy scenario</h4><ul><li>The order price shows the last traded price and not the lowest sell price</li></ul><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*8PGJ1G8aRitEPPUOZ3Acyg.jpeg" /></figure><ul><li>If we manually click on the lowest sale price, it takes the entire volume and the price. It does not actually insert the price in my buy box (like other exchanges)</li></ul><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*5ucNZGt4re91KQg1fPqgRQ.jpeg" /></figure><ul><li>So, we will manually insert the lowest sale price (you can also decide your own buy price) and click on buy ESH.</li></ul><p>No transfer from the main account to trading account needed (like on IDEX)</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*Jsm6crmtLuriP_HKOrSskg.jpeg" /></figure><p>It should come up in the order.</p><ul><li>The actual amount will be shown in my balances. (In this example, we have not made an actual purchase, hence balance is zero).</li></ul><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*2Y29FKbrhaiu8QJ99tQhQw.png" /></figure><ul><li>You can withdraw whenever needed.</li></ul><figure><img alt="" src="https://cdn-images-1.medium.com/max/982/1*EdiTEGrfAdzSiy--UrRHig.png" /></figure><ul><li>DEX Looks clean and easy to use;</li><li>User Interface needs some sharpening — with the headers in the buy and sell orders not coming up;</li><li>Page scroll function is not complete;</li><li>DEX is slow and should pick up over time;</li><li>BTC trading pair is not present’</li><li>Not much volume right now. It should pick up with time;</li><li>Backend security looks fine as it has overcome repeated DDOS attacks.</li></ul><blockquote><em>“This is just the Beta and we need to just play with it, things should be stable soon.” — </em>John McAfee</blockquote><p>We suggest you try your first taste of DEX with small amount of crypto, it might be worth it.</p><p><em>Source: </em><a href="https://xeonbit.com/how-to-use-dex-xeonbit-a-step-by-step-guide/">https://xeonbit.com/how-to-use-dex-xeonbit-a-step-by-step-guide/</a></p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=24535b1a0cba" width="1" height="1" alt="">]]></content:encoded>
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            <title><![CDATA[Create an Anonymous Digital Identity Using Cryptocurrency]]></title>
            <link>https://xeonbit.medium.com/create-an-anonymous-digital-identity-using-cryptocurrency-afa32f507e12?source=rss-6a3abb11a06e------2</link>
            <guid isPermaLink="false">https://medium.com/p/afa32f507e12</guid>
            <category><![CDATA[xeonbit-token]]></category>
            <category><![CDATA[xeonbit]]></category>
            <category><![CDATA[xn]]></category>
            <category><![CDATA[privacy]]></category>
            <category><![CDATA[xnb]]></category>
            <dc:creator><![CDATA[Xeonbit]]></dc:creator>
            <pubDate>Sat, 05 Oct 2019 14:41:01 GMT</pubDate>
            <atom:updated>2019-10-05T14:41:01.345Z</atom:updated>
            <content:encoded><![CDATA[<figure><img alt="" src="https://cdn-images-1.medium.com/max/474/1*OlV9-2m_Kvx2T6_HiRoQOA.jpeg" /></figure><p>If you could go back in time and do the internet all over again, what would you change? Would you think twice about joining Facebook, decline to upload those fancy dress photos from ’09 and delete that rhetoric-laden blog post instead of hitting ‘Publish’? It’s too late to undo the mistakes of the past, but it is possible to start afresh by creating a new online identity using privacy tools and cryptocurrency. Here’s how.</p><h3>How to Disappear (Almost) Completely</h3><p>Disappearing in real life is hard. It calls for giving up your friends, family, and favorite places. It means changing your name, documents, ID, employer, and location. It’s a virtually impossible task, which is why so few people achieve it. Criminals who go on the run rarely last long; they’re usually busted by a phone call home or an inability to blend into their new surroundings and keep a low profile. You also can find out more from <a href="https://xeonbit.com/wp-content/uploads/How-to-Disappear-From-The-Internet-Completely-While-Leaving-False-Trails-Raymond-Phillips.pdf.zip">How to Disappear From The Internet Completely While Leaving False Trails (<em>Raymond Phillips</em>)</a>. Also free downloads for our <a href="https://xeonbit.com/products/">Xeonbit membership</a> (upon request).</p><h3>A Life Worth Living Twice</h3><p>This article is intended as a guide for how a person might start afresh online, using encryption, anonymity tools, pseudonyms, and cryptocurrency. It’s not a blueprint to follow meticulously, and it’s not going to be for everyone.</p><p>Even if you’re not intent on retiring your public persona and starting from scratch, there are tools and techniques contained herein that everyone — cryptocurrency users especially — can use to reclaim some privacy.</p><p>We were free and easy with the information we shared online in the early aughts because we didn’t foresee the compliance-crazy, language-policed, blockchain-survived anticipation we now inhabit. Who knows what the AI-powered internet of the future will look like, but it’s a safe bet it will be a distinctly less private one. The steps you take now to bolster your pseudonymous could pay dividends further down the line.</p><h3>Step 1: Pick Your Persona</h3><p>While it’s possible to operate as more than one persona on the web, complete with multiple Twitter accounts, business profiles and emails, it’s a mission best left to the spooks. Assuming a single pseudonym allows you to be yourself, minus the real name. Trying to run two or more identities in parallel is fraught with risk, and you’re never more than a misplaced message away from blowing your cover.</p><h3>Step 2: Pick Your Profession</h3><p>While there’s nothing stopping you from working a 9–5 at Starbucks while larping as a gender neutral unicorn on the web, the beauty of living today is that you can work remotely, and be handsomely remunerated without needing to disclose your real name, address or social security number. There are numerous industries where this is achievable, but tech — and crypto in particular — are ideal.</p><p>Aside from the obvious benefit of getting paid in digital currency, crypto is a sector where what you can do is worth a lot more than who you are. If you’re a proficient programmer, your Github commits are the only validation your username needs. If your code checks out, you won’t struggle for work. For programmers just starting out, responding to bounties on Gitcoin is a good place to show your skills and earn some digital crumbs.</p><p>Other jobs that lend themselves well to aspiring anons include copywriting, video editing, graphic design, and web development.</p><h3>Step 3: Set Your Privacy Level</h3><p>Privacy exists on many levels, and unless you’re performing something illicit like operating a darknet marketplace, you don’t need to obsess over opsec. For most people, privacy can be categorized into consumer and professional levels, with the latter describing anyone who wishes to hold down an online job anonymously.</p><p><strong>Consumer-grade privacy</strong>: Use a pro-privacy web browser, disable trackers, consider using encrypted email, limit your reliance on crypto platforms that require KYC, and mix your coins before sending them to long-term storage.</p><p><strong>Professional-grade privacy</strong>: Use an encrypted email service, thoroughly mix your coins before sending them to accounts that could be tied to your identity, always use a VPN, disable Javascript in your browser, and take an array of other opsec steps that may seem onerous at first but will soon become second nature.</p><h3>Step 4: Cash Out Carefully</h3><p>Getting paid in cryptocurrency is relatively easy these days, as is paying for goods and services, now that thousands of retailers accept digital assets. You can’t pay for all of life’s expenses in crypto, though, and converting from cryptocurrency to fiat can be tricky. Selling coins for cash P2P is the obvious answer.</p><h3>Living Pseudonymously Is Not as Lonely as It Sounds</h3><p>Living a pseudonymous life on the web, never revealing your real face or name, may sound like a lonely and even paranoid existence, but it needn’t be. You’re not in the witness protection scheme, and are free to associate with friends and family. Discretion is required, admittedly, and there will be aspects of your life you’ll need to compartmentalize. For a subset of crypto proponents, shedding the social metrics and personal branding typically associated with success is a small price to pay for economic freedom and absolute privacy.</p><p><em>Source: </em><a href="https://xeonbit.com/create-an-anonymous-digital-identity-using-cryptocurrency/">https://xeonbit.com/create-an-anonymous-digital-identity-using-cryptocurrency/</a></p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=afa32f507e12" width="1" height="1" alt="">]]></content:encoded>
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        <item>
            <title><![CDATA[Why Still People Don’t Get Crypto?]]></title>
            <link>https://xeonbit.medium.com/why-still-people-dont-get-crypto-c20aab205eb1?source=rss-6a3abb11a06e------2</link>
            <guid isPermaLink="false">https://medium.com/p/c20aab205eb1</guid>
            <category><![CDATA[bitcoin]]></category>
            <category><![CDATA[private-blockchain]]></category>
            <category><![CDATA[technology]]></category>
            <category><![CDATA[xeonbit]]></category>
            <category><![CDATA[cryptocurrency]]></category>
            <dc:creator><![CDATA[Xeonbit]]></dc:creator>
            <pubDate>Tue, 24 Sep 2019 06:00:32 GMT</pubDate>
            <atom:updated>2019-09-24T06:00:32.398Z</atom:updated>
            <content:encoded><![CDATA[<figure><img alt="" src="https://cdn-images-1.medium.com/max/509/1*wwvLnUFmPScXFKRgKkSBNg.png" /><figcaption>Why not?</figcaption></figure><p>Cryptocurrency is literally at the intersection of a lot of contentious topics — history, politics, technology, money.</p><p>Take that in for a second.</p><p>In order to understand crypto, you have to throw away your beliefs about money, dive into grasping a totally new technology, and consider the implications of structuring society in a different way.</p><p>People are going to get pretty heated if there’s something that could potentially shake the foundations on several fronts.</p><p>Unless you’re in tech, or you’re an optimist, it’s going to be hard for you to wrap your head around the value proposition.</p><p>That doesn’t mean you can’t. It’s not rocket science, but it isn’t intuitive. It goes against the grain.</p><p>“Science and technology revolutionize our lives, but memory, tradition and myth frame our response.” — Arthur Schlesinger</p><h3>Technology is hard to understand</h3><p>When Mark Zuckerberg was on trial he was asked some pretty stupid questions.</p><p>The senator asked, “So, how do you sustain a business model in which users don’t pay for your service?”</p><p>“Senator, we run ads,” Zuckerberg responded. He couldn’t help but smirk.</p><p>The fact that many people (let’s say aged 40 and over) don’t understand the business model of one of the biggest tech companies in the world doesn’t give us much hope.</p><p>For some, it’s easy to hear “thermodynamically-guaranteed, peer-to-peer, decentralized, censorship resistant digital money that is not backed by the government” and turn the other way.</p><h3>Money is a touchy subject</h3><p>We’re all generally insecure about money. Next time you meet someone, ask them “how much money do you make?” and look at the expression on their faces.</p><p>They preach the benefits of index funds, compounding interest, Roth IRA’s and becoming a millionaire by saving your hard-earned money for the next 40 years.</p><p>The “tried and true way” is starting to reveal some cracks. Entrepreneurs have known this for a long time — the law of asymmetrical gains — but now new currencies are being fashioned out of thin air and it totally boggles people’s minds.</p><p>For many, if not all, ego is involved. Those that are wealthy are even more insecure than those who have no money because they’re trying to hold on so dearly to their hard-earned cash.</p><p>And many of those same people did get into BTC and lost money (and they’re mad), while others are bitter because they didn’t get involved sooner.</p><p>Take Bob, for example. Bob didn’t listen to his friends when they told him about Bitcoin. Now he regrets it.</p><p>He’s mad that he wasn’t part of the “bubble.”</p><p>And he’s mad that he missed out on the best-performing financial asset in history.</p><p>I’m sure there are plenty of people like Bob.</p><h3>Politics and bad memories</h3><p>The story we told ourself for many centuries was one of imperialism. Conquer territory, take resources, and expand.</p><p>Imperialism continued on for some time and culminated in WWI. But we realized that it wasn’t worth it anymore — to many lives were lost, and we proclaimed it was the last war we’d fight.</p><p>We were wrong. Just a few years later a new ideology was on the block. The story changed to one of fascism, sweeping us into an even bigger bloodbath than we could’ve ever imagined.</p><p>Then it was communism’s turn in the global arena. A promise to put the power back in the hands of the people (sound familiar?) After millions of lives lost and being on the brink of nuclear war, it was clear that it didn’t work.</p><p>Ultimately, after some close calls liberalism prevailed — the belief that we should enhance the freedom and protect the individual, both from other people and from governments.</p><p>Anyone that has any recollection of the 20th century knows the dire cost of inflated ideologies and big promises.</p><p>Now crypto comes in and creates money out of thin air. It preaches a libertarian ideal — a left-leaning idea that’s on the spectrum closer to communism — that wants government out of the picture.</p><p>This is unfortunate, because Satoshi didn’t say that. Nobody really said that.</p><p>The best use case for crypto is actually to give some power back to people who greatly need it — you know, people in Venezuela and Ukraine and Russia and India and Greece — to protect themselves from actual dictators, actual tangible losses from hyper inflated currencies, and financial corruption.</p><p>Like my grandma in Crimea (Ukraine) who can’t received bank transfers because of the ‘embargo.’</p><h3>People fear what they don’t understand</h3><p>When you question how money works and the underpinnings of the economy, it just goes over people’s heads. It’s revolutionary.</p><p>Most people haven’t read Satoshi’s white paper. Why? The same reason that people don’t research the details of an article that says “Coconut oil is bad.”</p><p>We’re living in a world where our day starts with a deluge of information that is impossible for one person to sort through.</p><p>So, instead of digging deep into big claims, we do what we’ve always done. We accept first, verify later. Except we don’t usually verify.</p><p>The way that most of us form our views isn’t by doing meticulous research. It’s by hearing something, accepting whether or not it fits into out world view and identity, and thats it.</p><p>It’s much less time-consuming both emotionally and mentally. It’s much easier to just say “bitcoin is like Tulip Mania.” But deep down you’re scared (but maybe too lazy) to do any more research — to seek out knowledge.</p><h3>Old people especially don’t get it</h3><p>It’s partially a generational gap — as we get older, we prefer not to challenge the status quo. And, like I mentioned above, you have to get the tech.</p><p>I’ve talked about Warren Buffet in this respect. He’s decried bitcoin, calling it ‘rat poisoned squared,’ and all sorts of other names.</p><p>But, he’s been wrong before. He regrets not investing in Google or Facebook. He says, “I was too dumb to realize.”</p><p>Most of us can’t explain how an airplane, car, or the internet works. But we use these things all the time. And I’m sure that every time some new invention comes along, old folks are against it. They don’t get it. They say it’s a waste of time and stand on the sidelines, simultaneously fascinated, confused and bewildered.</p><p>That doesn’t mean we shouldn’t heed the advice of those older than us. In fact, we should be very thoughtful about what we’re doing. Technology has no moral underpinnings. We can use a hammer to build, or we can use it to smash someone’s face.</p><p>We have to be careful not to repeat the mistakes of the past. But we can’t just stop being interested in something, though. It’s too late for that.</p><p>As one blockchain entrepreneur told me, ‘the genie has been let out of the bottle.’</p><p><em>Source: @Mishablog Medium </em><a href="https://xeonbit.com/why-people-still-dont-get-in-crypto/"><em>Xeonbit</em></a></p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=c20aab205eb1" width="1" height="1" alt="">]]></content:encoded>
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