A universal basic income in cryptocurrencies – A strange utopia taking shape on Ethereum

Large-scale project, or not? – The debates concerning the creation of a universal income are increasing. Tired of waiting for a state decision, the creator of Gnosis has created a universal income on Ethereum: the Circles UBI experiment.

The history of Circles UBI

On October 16, the Circles UBI (Universal Basic Income) project announced its launch on the Ethereum mainnet.

As the name suggests, Circles UBI is a universal income project on the blockchain. Thus, when a user registers, a unique cryptocurrency is created for him and distributed daily on his wallet.

“When new users join Circles, a new personal cryptocurrency is created for them on a smart contract. This currency is then regularly issued and added to their account, thus forming the basis of the universal income program. »- Documentation on the Circles UBI project

The system then relies on trust to place a value on the tokens . Because of this, users have the ability to trust the personal currencies of other users, treating it the same as the currency they hold.

“People who know each other can agree to set a fixed exchange rate between their currencies at 1: 1. They would mutually accept the existence of the other. They would form a ‚circle‘ of 2 people and, within this ‚circle‘, the 2 currencies could be considered equal. » – Publication of Consensys on the project

Ultimately, the project hopes to convince more broadly by involving businesses, cooperatives, local governments, etc.

A life-size test

For now, the project looks more like a full-scale test. Indeed, several important features, such as token transfers , are not active at the moment .

We can imagine that the first will is to bring together a maximum of members before opening transfers between them.

If you want to test it for yourself, you will need to register on the website of Circles UBI . Once registered, your account must be validated and, for this, 2 methods are available to you.

You can first get validation , a kind of sponsorship, from 3 other members already validated. This “social” validation ensures the confidence of the various actors among themselves.

Or, it is possible to override this social validation by sending xDAIs to the Circles wallet address. To do this, we recommend that you obtain a few xDAIs via a faucet , then send a minimum of 0.01 xDAI to be validated.

Bitcoin-lompakon päivitystemppu on rikastanut rikollisia yli 22 miljoonalla dollarilla

Rikollisjoukot lähettävät väärennettyjä päivityksiä Electrumin lompakoiden omistajille, asentavat haittaohjelmia ja varastavat käyttäjävaroja.

Yksinkertainen tekniikka on auttanut tietoverkkorikollisia jengiä varastamaan yli 22 miljoonaa dollaria käyttäjärahastoja Electrum- lompakkosovelluksen käyttäjiltä ZDNet tutkimus on löydetty.

Tämä tekniikka nähtiin ensimmäisen kerran joulukuussa 2018 . Siitä lähtien hyökkäysmallia on käytetty uudelleen useissa kampanjoissa kahden viime vuoden aikana

ZDNet on löytänyt useita Bitcoin-tilejä, joissa rikolliset ovat keränneet varastettuja varoja vuosien 2019 ja 2020 aikana tekemistä hyökkäyksistä, ja joitain hyökkäyksiä on tapahtunut vasta viime kuussa, syyskuussa 2020.

Bitcoin Circuit väärinkäyttöportaaleihin lähetetyt uhrien raportit paljastavat saman tarinan.

Electrum Bitcoin -lompakkosovelluksen käyttäjät saivat odottamattoman päivityspyynnön ponnahdusviestinä, he päivittivät lompakonsa, ja varat varastettiin välittömästi ja lähetettiin hyökkääjän Bitcoin-tilille.

Tarkasteltaessa sitä, kuinka verkkorikolliset varastavat varoja, tämä tekniikka toimii Electrum-lompakkosovelluksen sisäisen toiminnan ja sen taustarakenteen vuoksi

Kaikkien tapahtumien käsittelemiseksi Electrum-lompakot on suunniteltu muodostamaan yhteys Bitcoin-lohkoketjuun Electrum-palvelinten verkon kautta – joka tunnetaan nimellä ElectrumX.

Vaikka jotkut lompakkosovellukset hallitsevat, kuka voi hallita näitä palvelimia, asiat ovat erilaiset Electrumin avoimessa ekosysteemissä, jossa jokainen voi perustaa ElectrumX-yhdyskäytäväpalvelimen.

Vuodesta 2018 tietoverkkorikollisryhmät ovat väärinkäyttäneet tätä porsaanreikää saadakseen aikaan haitallisia palvelimia ja odottamaan käyttäjien muodostavan satunnaisesti yhteyden järjestelmiinsä.

Kun näin tapahtuu, hyökkääjät kehottavat palvelinta näyttämään ponnahdusikkunan käyttäjän näytöllä ja neuvoo käyttäjää käyttämään URL-osoitetta sekä lataamaan ja asentamaan Electrum-lompakkosovelluksen päivityksen.

‚He doesn’t even know how to ride a go-kart and wants to drive F-1‘ says Brazilian trader about Day Trade rookies

For traders it is necessary to study long before venturing into Day Trade activity but it is possible to make money with this type of business

Although Day Trade’s activity is shrouded in mystery and coup accusations and „marketing“ for course sales, Eduardo Mira, CNPI-T analyst at Me Poupe!, states that the activity is serious.

Thus, according to Mira, it is possible to make money with Day Trade.

But it takes time, study, research, knowledge and many other attributes.

Therefore, according to an interview granted to Estadão, starting in this investment newspaper is not easy but it is possible.

Day Trade

So for the analyst, there is no point in wanting to venture into the Day Trade task without study.

In this way, to become a trader, the analyst highlights that it takes at least two years of learning.

„I make very fast trades that give me money, but it took me 20 years to reach this level. It didn’t take me overnight,“ he says.

So, for him, the Day Trade activity requires a lot of knowledge and it is also important to know its „size“ in the market.

„Trade is Formula One. You don’t know how to ride a go-kart and already want to race in F-1?“, the teacher ironically says.

„New Idiot“

However, for comedian Gregório Duvivier, whether with Bitcoins or on the Stock Exchange, the young people who venture into the Day Trade activity are „the new idiots“.

So, according to Duvivier, although the social networks are „populated“ with personalities indicating the activity and posting videos and images of the „riches“ achieved with the Day Trade, everything is just marketing.

„At the end of the day, these guys‘ business is selling courses and often betting against their customers,“ he says.

Thus, according to the comedian, anyone who ventures into the activity hoping to become a „millionaire“ inspired by digital „influencers“ is nothing but an idiot.

„The young man, by the looks of it, is the new sucker. Because one thing you can’t confuse is day trader and savings. In fact, savings have not yielded much, but they are safe (…) there are several investment options besides savings and they don’t have the same risks as day trade“, he declared.

97% of investors lose

According to a survey conducted by Fernando Chague, a researcher at the Getúlio Vargas Foundation, FGV, the chances of success in Day Trade are few.

For the researchers, in 97% of the cases, small investors are at a loss from day trade activities.

„Day Trade is a short-term operation. You have to get it right with the paper on the day, and that’s very close to throwing a coin up. But for the individual it’s worse than a 50% chance, because those on the other side of the operation are better informed and have more technology in their favour,“ he says.

Oltre 1000 Bitcoin da hack Bitfinex si sono spostati

Quattro anni dopo il famigerato hack Bitfinex che ha portato a uno dei più grandi furti di Bitcoin Code dall’incidente del monte Gox nel 2014, le notifiche pubblicate oggi dal Whale Alert twitter account, hanno dichiarato che circa 1.190 BTC ($12.645.059) di fondi rubati dall’hack BitFinex nel 2016 sono stati spostati in un portafoglio sconosciuto.

Whale Alert ha rintracciato le transazioni che hanno avuto

Whale Alert ha rintracciato le transazioni che hanno avuto luogo nell’arco di due ore e ha anche dichiarato che i fondi rubati, pari a oltre mille BTC, sono stati spostati dai portafogli associati all’hackeraggio del 2016 a quattro indirizzi sconosciuti completamente nuovi, come indicato di seguito:

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3HXB1WGJcYgYgtrLoPGyrVMJ6sThD67Vp5Q8

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Dopo l’hackeraggio, Whale Alert aveva pubblicato in precedenza che un totale di 531,93 BTC (circa 5,76 milioni di dollari all’epoca) era stato trasferito ad altri indirizzi sconosciuti in nove transazioni separate.

Tuttavia, è tipico degli hacker spostare i fondi rubati in tali incrementi senza l’intenzione di vendere. Infatti, poiché i fondi erano finiti in un portafoglio e non in uno scambio, il trasferimento potrebbe non indicare affatto che gli hacker stavano tentando di vendere i fondi rubati.

Il prezzo di BTC è sceso del -1,0% nelle ultime 24 ore

Al momento della scrittura, il prezzo di BTC è sceso del -1,0% nelle ultime 24 ore e secondo i dati di CoinGecko, Bitfinex, una delle più grandi borse di cripto, è il mercato più attivo nel trading del cripto premium. Tuttavia, l’hack della borsa nel 2016, che ha portato ad una perdita di oltre 119.756 BTC, che all’epoca valeva 66 milioni di dollari, ha avuto un impatto di vasta portata tra i trader del mercato.

Ci sono stati diversi rapporti che implicavano che l’hack era il risultato di una vulnerabilità da parte di Bitfinex, anche se la borsa ha utilizzato il fornitore di portafogli Bitcoin BitGo come un ulteriore livello di sicurezza per le transazioni dei clienti e anche l’autenticazione sui telefoni cellulari. Ciononostante, l’impatto maggiore dell’hackeraggio ha portato al crollo dei prezzi di BTC di quasi il 20%.