submitted by conyersmooney to u/conyersmooney [link] [comments]
Visit us at - https://bitcoinmaximalist.net/eli5-bitcoin-explain-bitcoin-like-im-five/
Bitcoin is pretty technical, and understanding it isn't easy, but ELI5 Bitcoin is stripped down and explained in such a way that a five year old can understand Bitcoin. If you're interested in Bitcoin but are put off by all the technical jargon, have a listen. It's Bitcoin for beginners simplified.
|submitted by SimilarAdvantage to BitcoinAll [link] [comments]|
|submitted by cryptoallbot to cryptoall [link] [comments]|
|submitted by BitcoinAllBot to BitcoinAll [link] [comments]|
|submitted by BitcoinAllBot to BitcoinAll [link] [comments]|
|submitted by BitcoinAllBot to BitcoinAll [link] [comments]|
|submitted by BitcoinAllBot to BitcoinAll [link] [comments]|
|submitted by BitcoinAllBot to BitcoinAll [link] [comments]|
|submitted by BitcoinAllBot to BitcoinAll [link] [comments]|
submitted by Tokenberry to NewbieZone [link] [comments]
We’re sitting on a park bench. It’s a great day.
I have one apple with me. I give it to you.
You now have one apple and I have zero.
That was simple, right?
Let’s look closely at what happened:
My apple was physically put into your hand.
You know it happened. I was there. You were there. You touched it.
We didn’t need a third person there to help us make the transfer. We didn’t need to pull in Uncle Tommy (who’s a famous judge) to sit with us on the bench and confirm that the apple went from me to you.
The apple’s yours! I can’t give you another apple because I don’t have any left. I can’t control it anymore. The apple left my possession completely. You have full control over that apple now. You can give it to your friend if you want, and then that friend can give it to his friend. And so on.
So that’s what an in-person exchange looks like. I guess it’s really the same, whether I’m giving you a banana, a book, or say a quarter, or a dollar bill….
But I’m getting ahead of myself.
Back to apples!https://preview.redd.it/tiqzyii38kg31.jpg?width=700&format=pjpg&auto=webp&s=6e084a4531a010db9d1fad4329582a418b13a4e3
Now say, I have one digital apple. Here, I’ll give you my digital apple.
Ah! Now it gets interesting.
How do you know that that digital apple that used to be mine, is now yours, and only yours? Think about it for a second.
It’s more complicated, right? How do you know that I didn’t send that apple to Uncle Tommy as an email attachment first? Or your friend Joe? Or my friend Lisa too?
Maybe I made a couple of copies of that digital apple on my computer. Maybe I put it up on the internet and one million people downloaded it.
As you see, this digital exchange is a bit of a problem. Sending digital apples doesn’t look like sending physical apples.
Some brainy computer scientists actually have a name for this problem: it’s called the double-spending problem. But don’t worry about it. All you need to know is that, it’s confused them for quite some time and they’ve never solved it.
But let’s try to think of a solution on our own.
Maybe these digital apples need to be tracked in a ledger. It’s basically a book where you track all transactions — an accounting book.
This ledger, since it’s digital, needs to live in its own world and have someone in charge of it.
Say, just like World of Warcraft. Blizzard, the guys who created the online game, have a “digital ledger” of all the rare flaming fire swords that exist in their system. So, cool, someone like them could keep track of our digital apples. Awesome — we solved it!
ProblemsThere’s a bit of a problem though:
1) What if some guy over at Blizzard created more? He could just add a couple of digital apples to his balance whenever he wants!
2) It’s not exactly like when we were on the bench that one day. It was just you and me then. Going through Blizzard is like pulling in Uncle Tommy(a third-party) out of court(did I mention he’s a famous judge?) for all our park bench transactions. How can I just hand over my digital apple to you, like, you know— the usual way?
Is there any way to closely replicate our park bench, just you-and-me, transaction digitally? Seems kinda tough…
What if we gave this ledger — to everybody? Instead of the ledger living on a Blizzard computer, it’ll live in everybody’s computers. All the transactions that have ever happened, from all time, in digital apples will be recorded in it.
You can’t cheat it. I can’t send you digital apples I don’t have, because then it wouldn’t sync up with everybody in the system. It’d be a tough system to beat. Especially if it got really big.
Plus it’s not controlled by one person, so I know there’s no one that can just decide to give himself more digital apples. The rules of the system were already defined at the beginning. And the code and rules are open-source. It’s there for the smart people to contribute to, maintain, secure, improve on, and check on.
You could participate in this network too and update the ledger and make sure it all checks out. For the trouble, you could get like 25 digital apples as a reward. In fact, that’s the only way to create more digital apples in the system.
I simplified quite a bit…but that system I explained exists. It’s called the Bitcoin protocol. And those digital apples are the “bitcoins” within the system. Fancy!
So, did you see what happened? What does the public ledger enable?
1) It’s open source remember? The total number of apples was defined in the public ledger at the beginning. I know the exact amount that exists. Within the system, I know they are limited(scarce).
2) When I make an exchange I now know that digital apple certifiably left my possession and is now completely yours. I used to not be able to say that about digital things. It will be updated and verified by the public ledger.
3) Because it’s a public ledger, I didn’t need Uncle Tommy(third-party) to make sure I didn’t cheat, or make extra copies for myself, or send apples twice, or thrice…
Within the system, the exchange of a digital apple is now just like the exchange of a physical one. It’s now as good as seeing a physical apple leave my hand and drop into your pocket. And just like on the park bench, the exchange involved two people only. You and me — we didn’t need Uncle Tommy there to make it valid.In other words, it behaves like a physical object.
But you know what’s cool? It’s still digital. We can now deal with 1,000 apples, or 1 million apples, or even .0000001 apples. I can send it with a click of a button, and I can still drop it in your digital pocket if I was in Nicaragua and you were all the way in New York.
I can even make other digital things ride on top of these digital apples! It’s digital after-all. Maybe I can attach some text on it — a digital note. Or maybe I can attach more important things; like say a contract, or a stock certificate, or an ID card…
So this is great! How should we treat or value these “digital apples”? They’re quite useful aren’t they?
Well, a lot of people are arguing over it now. There’s debate between this and that economic school. Between politicians. Between programmers. Don’t listen to all of them though. Some people are smart. Some are misinformed. Some say the system is worth a lot, some say it’s actually worth zero. Some guy actually put a hard number: $1,300 per apple. Some say it’s digital gold, some a currency. Other say they’re just like tulips. Some people say it’ll change the world, some say it’s just a fad.
I have my own opinion about it.
That’s a story for another time though. But kid, you now know more about Bitcoin than most.
Link to original blog post: https://medium.com/free-code-camp/explain-bitcoin-like-im-five-73b4257ac833
Article by: Nik Custodio
|submitted by ModerationLog to ModerationLog [link] [comments]|
|194||10X Genomics Inc||TXG||Unlucky-Prize||1||$96.13|
|111||1ST TR EXCHANGE/NASDAQ CEA CYBERSEC||CIBR||komoggmu321||1||$35.40|
|180||ACM Research Inc||ACMR||moveitover||1||$101.92|
|23||Activision Blizzard, Inc.||ATVI||Mondanivalo||12||$82.47|
|8||Advanced Micro Devices, Inc.||AMD||ArneGo, apqwer, LoveOfProfit||13||$84.85|
|28||Ageagle Aerial Systems Inc||UAVS||fishkillr||16||$3.26|
|205||Agraflora Organics International Inc||AGRA||spreeshark||1||$0.05|
|19||Alexion Pharmaceuticals, Inc.||ALXN||fisk47||39||$103.28|
|70||Alibaba Group Holding Ltd - ADR||BABA||helio987, ScreeMart, Necessary_Club_6714||-1||$252.10|
|17||Ally Financial Inc||ALLY||jcurtis44||1||$21.47|
|117||Altria Group Inc||MO||ARGENT_UM_PUR, gm14202||1||$42.17|
|143||American Tower Corp||AMT||editviewgo||1||$257.61|
|175||American Water Works Company Inc||AWK||InfamousLegato||1||$149.79|
|183||Anglo Asian Mining||LON:AAZ||krenaldi1||1||$161.50|
|129||Aphria Inc||APHA||Aprhria, Bdghablig||1||$4.47|
|184||Ares Capital Corporation||ARCC||ThemChecks||1||$14.87|
|54||ASML Holding NV||ASML||EthosPathosLegos, earthmoonsun||15||$366.07|
|113||Atlassian Corporation PLC||TEAM||shadowrckts||1||$170.93|
|244||Axon Enterprise Inc||AAXN||ansofteng||1||$83.88|
|150||Aytu Bioscience Inc||AYTU||Bkzkilla2, beefy-ambulance, subaruveganguy22||2||$1.38|
|236||Banco Bbva Argentina SA||BBAR||GAV17||1||$4.23|
|128||Bank of America Corp||BAC||oobydoobydoobydoo, wrs97||2||$26.11|
|247||BELLUS Health Inc||BLU||NhatNguyen2112||1||$2.74|
|29||Berkshire Hathaway Inc. Class B||BRK.B||Jeroen_Jrn, Cuza||31||$209.48|
|45||Best Buy Co Inc||BBY||1madeamistake||2||$102.90|
|35||Beyond Meat Inc||BYND||Kreisensalat, Flipside||8||$131.51|
|33||BlackBerry Ltd||BB||mh1t, EthosPathosLegos||25||$4.84|
|196||Booz Allen Hamilton Holding Corporation||BAH||i_smel_hookers||1||$84.67|
|75||Boston Beer Company Inc||SAM||Top_Island||2||$825.79|
|114||Brainstorm Cell Therapeutics Inc||BCLI||BigSexyTolo||2||$12.79|
|92||Brookfield Asset Management Inc||BAM||duongroi, Avaronah||2||$32.32|
|187||Brookfield Property Partners LP Unit||BPY||Onarco||1||$11.75|
|140||Brookfield Renewable Partners LP||BEP||YourPineapplePunch||1||$45.25|
|227||Cameco Corp||CCJ||jh4962772, Commandobolt, 3STmotivation||13||$10.37|
|109||Canadian Solar Inc.||CSIQ||MrMineHeads, vvv561||6||$25.32|
|204||Cardlytics Inc||CDLX||whossayn, YarManYak||2||$66.28|
|146||CBS Corporation Common Stock||VIAC||1987supertramp||1||$26.21|
|74||CD PROJEKT S A/ADR||OTGLY||Thtb||8||$28.50|
|229||CDW common stock||CDW||plorfu||1||$114.77|
|36||Cloudflare Inc||NET||thereisnospoongeek, olliemacg, Boots2243||220||$40.06|
|80||COLLIER CREEK H/SH CL A||CCH||RIC_FLAIR-WOOO||5||$13.84|
|209||Cresco Labs Inc||CRLBF||UncleSlippyFist||1||$6.28|
|3||Crispr Therapeutics AG||CRSP||emtvaikkajoku||98||$89.81|
|142||Crown Castle International Corp||CCI||jkgator||1||$168.19|
|223||CVS Health Corp||CVS||handsomeandsmart_||2||$64.96|
|65||Cyberark Software Ltd||CYBR||Kevenam||2||$110.59|
|165||Daqo New Energy Corp||DQ||stonk_daddy||1||$122.55|
|6||Dicerna Pharmaceuticals Inc||DRNA||earthmoonsun||7||$21.03|
|73||Digital Turbine Inc||APPS||toop4||6||$22.59|
|130||Docusign Inc||DOCU||h3ku, Teach-101||0||$204.76|
|39||Drive Shack Inc||DS||Bobjenkins97||2||$1.65|
|4||Editas Medicine Inc||EDIT||earthmoonsun||7||$34.71|
|145||Edwards Lifesciences Corp||EW||TheTubbyOlive||1||$76.94|
|139||EHang Holdings Ltd - ADR||EH||TheEUR0PEAN||1||$9.21|
|230||Electrameccanica Vehicles Corp||SOLO||IHaveUsernameBlock||1||$3.07|
|118||Elevate Credit Inc||ELVT||ScoreFuture||1||$2.58|
|218||Else Nutrition Holdings Inc||BABYF||PringlesAreUs||1||$1.36|
|85||Empire State Realty Trust Inc||ESRT||silverpaw1786||4||$6.66|
|21||Enphase Energy Inc||ENPH||deGoblin||31||$72.84|
|86||Essent Group Ltd||ESNT||veggie-man||1||$35.82|
|93||Federal National Mortgage Association||FNMA||figbuilding, onkel_axel||2||$2.12|
|168||Fire & Flower Holdings Corp||TSE:FAF||tobcar||1||$1.01|
|207||First Mining Gold Corp||FFMGF||RecCenterBall||0||$0.41|
|219||FLIR Systems, Inc.||FLIR||zerokarma||1||$37.48|
|52||Fluor Corporation (NEW)||FLR||lost_searching||2||$11.38|
|90||FORUM MERGER II/SH CL A||FMCI||Mug_of_coffee||3||$14.53|
|81||Franco Nevada Corp||FNV||AwesomeMathUse||1||$153.57|
|155||FuelCell Energy Inc||FCEL||i-kno-nothing, dewaser||2||$2.68|
|98||Games Workshop Group PLC||OTCMKTS:GMWKF||MAUSECOP, Thenattylimit||2||$120.95|
|159||General Motors Company||GM||Buttershine_Beta||-1||$26.72|
|251||Genius Brands International Inc||GNUS||due11||1||$1.59|
|156||GFL Environmental Inc||GFL||lenadunhamsbutthole||1||$21.56|
|99||Gilead Sciences, Inc.||GILD||Leroy--Brown||1||$69.35|
|138||GLB X FUNDS/HEALTH & WELLNESS T||BFIT||Venhuizer||2||$20.69|
|126||GLB X FUNDS/VIDEO GAMES & ESPORTS E||HERO||sgtyzi||1||$26.00|
|186||Golden Minerals Co||AUMN||YEEEEEAAAAA||1||$0.44|
|151||Gran Colombia Gold Corp||TSE:GCM||Linnake||0||$7.46|
|67||Grayscale Bitcoin Trust (Btc)||GBTC||asherlevi||2||$13.06|
|234||Great Panther Mining Ltd||GPL||Tony0x01||1||$0.93|
|152||H&R Real Estate Investment Trust||HR.UN||CaptainCanuck93||0||$10.34|
|122||Helen of Troy Limited||HELE||aa341||1||$201.26|
|55||Hikma Pharmaceuticals Plc||HKMPF||Marvins-Room||1||$31.08|
|20||Horizon Therapeutics PLC||HZNP||thesearchforanswer||3||$76.06|
|103||Huntington Ingalls Industries Inc||HII||howtoreadspaghetti||1||$167.90|
|101||Immunovia AB (publ)||IMMNOV||jennyther||3||$161.60|
|108||Ingles Markets, Incorporated||IMKTA||kimjungoon||1||$42.97|
|77||Inmode Ltd||INMD||meta-cognizant, craneman813||4||$31.77|
|123||Innovative Industrial Properties Inc||IIPR||Dalis_Ktm||1||$114.63|
|214||Inspire Medical Systems Inc||INSP||JPINFV2||1||$104.92|
|134||Intel Corporation||INTC||ionlypwn, TitanCrasher54, niknikniknikniknik1||5||$48.03|
|5||Intellia Therapeutics Inc||NTLA||earthmoonsun||7||$19.83|
|164||Intuitive Surgical, Inc.||ISRG||swalloforswallo||2||$685.85|
|252||INVESCO EXCHANG/SOLAR ETF||TAN||z74al||2||$51.20|
|71||InVitae Corp||NVTA||emtvaikkajoku, CrackHeadRodeo||6||$28.43|
|228||ISHARES TGLB CLEAN ENERGY ET||ICLN||drheman25Q||1||$15.88|
|112||John B. Sanfilippo & Son, Inc.||JBSS||chris011186||2||$89.24|
|171||JPMorgan Chase & Co.||JPM||wrs97||1||$99.38|
|58||Jumia Technologies AG - ADR||JMIA||Jerund, souptrades, 7YearOldCodPlayer, CharlieBrown364, fortnitehead||7||$19.26|
|158||KEFI Minerals plc||LON:KEFI||Scipio-Africannabis-||1||$1.88|
|216||Kirkland Lake Gold Ltd||KL||Newusername||1||$52.58|
|2||Lemonade Inc||LMND||br1ghtness, skkreet, hahadumblloyd||4||$66.84|
|15||Limelight Networks, Inc.||LLNW||cyberdex, thug_funnie||3||$6.10|
|63||Livongo Health Inc||LVGO||staniel_diverson, Raybay192, Drifter 1996, moveitover||22||$120.88|
|182||Logitech International SA||LOGI||CharlieBrown364||1||$73.03|
|217||LONZA GRP AG/ADR||LZAGY||Fuck512||1||$62.92|
|97||Magnachip Semiconductor Corp||MX||samtony234||1||$12.08|
|233||Mamamancini's Holdings Inc||MMMB||Jayesslee||1||$1.70|
|88||Match Group Inc||MTCH||BallinLikeImKobe24||1||$115.88|
|79||Maverix Metals Inc||MMX||AwesomeMathUse||1||$4.61|
|107||Maxar Technologies Inc||MAXR||Borne2Run||1||$24.74|
|161||Micron Technology, Inc.||MU||Wexoch||3||$48.75|
|179||Millicom International Cellular SA(SWE)||STO:TIGO-SDB||joseph460||1||$245.50|
|116||Mills Music Trust Unit||OTCMKTS:MMTRS||ARGENT_UM_PUR||1||$39.00|
|10||Molson Coors Beverage Co Class B||TAP||howtoreadspaghetti||1||$37.27|
|11||Nathan's Famous, Inc.||NATH||howtoreadspaghetti||1||$51.25|
|181||NCR Corporation||NCR||IAMBEOWULFF, fistymonkey1337||4||$20.11|
|211||NESTLE S A/S ADR||NSRGY||suburban_robot||1||$118.47|
|124||New Relic Inc||NEWR||Dalis_Ktm||1||$53.62|
|249||New York Mortgage Trust Inc||NYMT||ToKeepAndToHoldForev||1||$2.77|
|162||New York Times Co||NYT||jonhuang||1||$45.61|
|69||Nio Inc - ADR||NIO||makesalotofmoney, Carrera_GT, Charlie Brown364||3||$13.42|
|59||Nokia Oyj||NOK||perfectriot, LiabilityFree||52||$4.98|
|254||Nuance Communications Inc.||NUAN||IwantmyMTZ||1||$29.48|
|13||NVIDIA Corporation||NVDA||TBSchemer, friedtea15||66||$447.98|
|160||Opko Health Inc.||OPK||CS1026||1||$5.63|
|46||Oxford BioMedica plc||OXB||arabidopsis||12||$850.00|
|121||Pacific Ethanol Inc||PEIX||adamtejot||1||$2.69|
|25||Pan African Resources plc||PAF||Fruity_Pineapple||2||$26.30|
|245||Paradox Interactive AB (publ)||OTCMKTS:PRXXF||I_worship_odin||1||$24.30|
|174||Patriot One Technologies Inc||PTOTF||DanReynolds||1||$0.73|
|148||Peabody Energy Corporation||BTU||aviatoraway1||0||$2.52|
|237||Peloton Interactive Inc||PTON||loosetingles||1||$68.30|
|188||Penn National Gaming, Inc||PENN||Calpool||1||$49.00|
|87||Pershing Square Tontine Holdings, Ltd||NYSE:PSTH-UN||5_yr_lurker||7||$21.08|
|31||Pharmacyte Biotech Inc||PMCB||DillieTheSquid||0||$0.01|
|149||Planet 13 Holdings Inc||PLNHF||MMatter1||3||$2.67|
|43||Plug Power Inc||PLUG||lukwas_||4||$11.28|
|147||Polaris Infrastructure Inc||RAMPF||CaptainCanuck93||1||$11.50|
|250||PROSHARES TULTRA MSCI JAPAN||EZJ||Necessary_Club_6714||1||$32.13|
|132||PROSHARES TULTRAPRO QQQ||TQQQ||iggy555, Guiterrezjm6||5||$126.99|
|48||Proto Labs Inc||PRLB||JEesSs||3||$130.13|
|166||Purple Innovation Inc||PRPL||jloy88, CharlieBrown364, RemiMartin||6||$23.95|
|44||Raytheon Technologies Corp||RTX||anon2019L||21||$61.23|
|32||Realty Income Corp||O||bushysmalls||5||$62.72|
|206||RENAULT S A/ADR||RNLSY||jw8700||1||$5.33|
|178||Retractable Technologies, Inc.||RVP||EmreCanPuns||1||$10.18|
|94||Rigel Pharmaceuticals, Inc.||RIGL||Gay_Demons||1||$2.58|
|203||Rite Aid Corporation||RAD||ManagerMilkshake||1||$15.05|
|12||Rocky Mountain Chocolate Factory, Inc.||RMCF||howtoreadspaghetti||1||$3.20|
|163||Schrodinger Inc||SDGR||TipasaNuptials, asianmarysue, RattleGoreBitcoin||1||$71.17|
|72||Sea Ltd||SE||scatterblodded, tradeintel828384839, thug_funnie, Meymo||16||$129.00|
|189||Shiloh Industries, Inc.||SHLO||brainbroked||1||$1.40|
|213||Sibanye Stillwater Ltd||SBSW||marqui4me||1||$11.39|
|231||Simulations Plus, Inc.||SLP||hellohi3||1||$65.83|
|248||Six Flags Entertainment Corp||SIX||EthosPathosLegos||1||$18.38|
|202||Slack Technologies Inc||WORK||AntwanDixon_||2||$28.95|
|49||Solaredge Technologies Inc||SEDG||m4r1vs||14||$211.47|
|177||Sorrento Therapeutics Inc||SRNE||DowJonesLocker||1||$14.42|
|225||SPARTAN ENERGY /SH||SPAQ||bigsexy12||1||$12.36|
|40||Spirit Airlines Incorporated||SAVE||Matous_Palecek||0||$17.28|
|153||Spotify Technology SA||SPOT||_Hard4Jesus||0||$252.12|
|7||Square Inc||SQ||cuti95, ConstructivePlayer, Lfastrsx, jercky, CharlieBrown364||21||$147.22|
|83||Taal Distributed Information Techs Inc||TAAL||AwesomeMathUse||1||$1.85|
|76||Taiwan Semiconductor Mfg. Co. Ltd.||TSM||Paks_12345, sogladatwork, BlissfulThinkr||13||$80.03|
|102||Tandem Diabetes Care Inc||TNDM||liao24||1||$104.15|
|26||Tesla Inc||TSLA||Skurinator, goldcakes, redmars1234, Drortmeyer2017||3||$1,452.71|
|137||TJX Companies Inc||TJX||princess-smartypants||3||$55.45|
|141||TPI Composites Inc||TPIC||polwas||1||$28.81|
|53||Trade Desk Inc||TTD||all_hail_hypno, Kay312010||6||$493.20|
|106||TransMedics Group Inc||TMDX||DropoutEngy||1||$18.05|
|78||Travelcenters of America Inc||TA||jk_tilt||1||$17.27|
|243||Trulieve Cannabis Corp||TCNNF||grphelps1, Cucumber_Cooling||2||$18.83|
|38||Tupperware Brands Corporation||TUP||Scumbaggedfriends||1||$14.98|
|68||Turtle Beach Corp||HEAR||chancsc11||1||$18.37|
|41||Uber Technologies Inc||Uber||DukeBD2021||-1||$32.90|
|125||Universal Display Corporation||OLED||niknikniknikniknik1||1||$186.51|
|64||Valero Energy Corporation||VLO||chickenandcheesefart||1||$52.66|
|133||Vanguard Total Stock Market Index Fund Admiral Shares||VTSAX||WackyBeachJustice||1||$82.67|
|135||Veeva Systems Inc||VEEV||JohnSpartans||3||$261.22|
|57||VirnetX Holding Corporation||VHC||vyts18||2||$5.26|
|91||Waitr Holdings Inc||WTRH||exstaticj||1||$5.15|
|14||Walker & Dunlop, Inc.||WD||TBSchemer||0||$57.70|
|30||Walt Disney Co||DIS||jadenmc2189, biz_student||6||$129.93|
|192||WELL Health Technologies Corp||TSE:WELL||Unlucky-Prize, IcemanVish||2||$4.49|
|105||Wells Fargo & Co||WFC||yehdhbdjdjd||1||$25.07|
|240||Westinghouse Air Brake Technologies Corp||WAB||warman506||1||$67.23|
|42||Wizz Air Holdings PLC||WIZZ||Matous_Palecek||2||$3,412.00|
|157||Workhorse Group Inc||WKHS||VisionsDB||5||$16.52|
|89||Xebec Adsorption Inc.||XBC||Mug_of_coffee||3||$4.95|
|212||Yeti Holdings Inc||YETI||boomwhackers||1||$50.40|
Hola folks! Yesterday we got caught up with everything that happened in July 2020 at Parachute and ParJar. Today, I will be sharing news from August. Looking back at those five weeks, they were easily one of the most action-packed ones in the Parachuteverse ever. If you missed my note about the new format from yesterday: “…I thought it would be best to club all the Parachute news into monthly reports and publish them back-to-back over the next few days to catch up with the latest…For a change, we will be focusing on Parachute + ParJar news alone in these monthly reports. Because if we include news from our partner project in these, we might as well publish the Encyclopaedia Britannica”. In case you thought yesterday’s was a long read, boy are you in for a shock today. Make sure to get yourself a beverage and set aside an hour to go through all that will follow. So here’s goes the Parachute scrolls dating 31-Jul-20 to 3-Sept-20 –submitted by abhijoysarkar to ParachuteToken [link] [comments]
31 Jul – 6 Aug'20:
$PAR became one of the top trending coins on CoinGecko this week. The token also received a perfect score on DEXTools. Pretty sweet! We crossed 2500 members in the Parachute channel after quite a while. But no sign of Ron yet. Haha. BrainiacChess Network ($CHESS) was added to ParJar. We got a surprise listing on Hotbit ourselves with an ETH and BTC pairing. $PAR was listed on CoinW exchange this week too. More details here. Looks like wrapping up a day at Parachute usually ends with steaks. If you ever thought otherwise, a look at the $PAR contract should dispel that doubt. A community vote was opened up to list the next token on ParJar. Congratulations to Chirag for winning this week’s Parena and taking home 6k+ $PAR. Neat! Everybody knows about the bitcoin pizza. But did you know about the bitcoin burger? Read all about AlBundy185's crazy BTC journey here. What a wild ride indeed!
AlBundy185’s BTC ride has to be a stuff of legends
Pic of Gian with Diamond Dallas Page taken from his epic WCW Thunder story (https://t.me/parachutetokengroup/395125). Spooky sent us!
Gian announced a temporary stoppage of Two-for-Tuesday to make way for the second annual Big Brother contest. Soon after, he opened up entries for the contest. Woot! Fans can also get updates and spoilers from the GC’s BB group. Gamer Boy hosted a “Random Gk” trivia in TTR this week. Naj hosted a Sunday “Mega Trivia”. Afful held a “General knowledge” trivia as well. Sebastian shared the new ParJar Gaming schedule for August. Yes, you read that right. 75k $PAR in the monthly prize pool. Woot! For this week's Friday creative prompt (#nottodaycovid) by Jason, Parachuters talked "about what you are doing to keep yourself sane during the pandemic" for some cool $PAR.
Alejandro’s betta fish collection is a sight for sore eyes
Elmar, these are all amazing!
Model ships made by Bada during the lockdown. Awesome!
Ivan (from Ivan on Tech) joined the Parachute channel this week. Looks like next few weeks are going to be super exciting! Doc Vic hosted a flash game in the Parachute War Zone for some cool $PAR prizes. Mario had an interesting idea. Change the ParJar display name to “ParJar Wallet” to actually reflect the true nature of ParJar. And voila! “ParJar” is now “ParJar Wallet”. Instant feedback implementation! We also finally got an unofficial price chatter group running. As we mentioned in the last update, Clinton released a limited edition shirt in the Parachute Store this week to commemorate the Liquidity Program on Uniswap. Some of the Parena merch had to be sunsetted from the store though. So if you grabbed some before that, you are now the proud owner of rare Parena merchandise. James from the Parachute Athletics and Running Club announced a Secret Challenge for 400 $PAR. Cap shared a sneak peek into what’s brewing behind the scenes. He also posted some experimental visuals for the website and for ParJar:
Cap’s creative spurts are super trippy! Pt. I
Trippy creatives from Cap Pt. II
7 Aug – 13 Aug'20:
ParJar did some heavy lifting on behalf of Uniswap this week when Uniswap got clogged but ParJar swaps were running smoothly. If you haven’t seen how swaps work yet, CF made another cool video tutorial. Following last week’s community vote, Enjin ($ENJ) won a spot to become the next swappable token on ParJar. DMM DAO’s $DMG token was listed on ParJar as well. Inputs from the community were taken for listing the next DeFi token on ParJar. A new tier was added for the Parachute Uniswap Liquidity Rewards Program this week. Last week’s incredible Parachute run on CoinGecko was noticed by many including DAO Maker and Blockfyre. We got word that Parachute was featured in Ivan’s (Ivan on Tech) private report meant for his closed group of subscribers. Word on the street is that Parachute was reviewed in detail in the Hidden Gems section of the report and received the highest score among all the projects covered there. Super cool! He also talked about Parachute in his latest video. Watch out for timestamps 42:23 and 47:48. And followed it up with another mention in next day’s video as well. Pretty cool! $PAR also saw some crazy movements and activity. And all this started while Cap was chilling on an Amtrack on his way to Vermont. Haha.
Cap shared this amazing view from Vermont
Check out the Sentivate gear in the Parachute shop. For this week's creative prompt (#donkeyart), Jason had Parachuters "find an image of a piece of art that particularly moved" them and explain how and why. Darren’s Mega Friday Trivia in Tiproom had a sweet 6300 $PAR prize pot. Peace Love (Yanni) hosted another quiz in TTR with some more cool $PAR prizes. Clinton’s charity For Living Independence (FLI) became Lumenthropy’s spotlight charity this week which means they will be matching all $XLM donations to FLI. Lumenthropy is Stellar’s charitable arm. The entries to Gian's Big Brother Contest closed this week with Gian starting to share updates on episodes and $PAR rewards to weekly winners. If you want to catch all the action, head over to the BB Group set up by GC. And the most amazing thing happened this week – As new folks were joining into the Parachute group, someone named Ender Wiggin chimed into the chatter and as we talked we figured that he was not only Cap's neighbour in NYC but was also my school senior. Parachute truly brings the world together! PARs & Recreation wants to create a Parachute foodies group. And if his posts are anything to go by (figs, blueberries, Ikura), it’s going to be a hunger-inducing channel. Doc Vic (from Cuba) announced the start of a team Deathmatch tournament in the Parachute War Zone.
Looks like an epic ParJar video is underway. Parachute was also covered extensively by EllioTrades Crypto this week. YouTuber CM TopDog too made an awesome video on Parachute where he talked at length about the project, the roadmap, the token and more. Saweet! After seeing Albundy185 struggle with pooling on Uniswap, Cap and Ice had a light bulb moment for an entirely new feature on ParJar that would make pooling social and fun. More details to be released over the next few weeks.
Jose’s epic new gif puts Cap’s lightbulb moment about social pools into perspective :D
Looks like Alexis’ neighbour is into Uniswap pools as well. Get it, get it? Haha
Congratulations on the new store, Hang! Folks who don't know, Hang is building a hempire. World domination next
14 Aug – 20 Aug'20:
As mentioned last week, Cap and crew had something cool brewing for folks who pool assets on Uniswap. Presenting Social Liquidity Pools (SLP) by Parachute. No more pooling/staking alone in silos. Get together with others doing what you love most – pool assets on Uniswap (either directly or through ParJar - upcoming), then stake the received liquidity tokens into SLPs on ParJar to get additional rewards and social bonuses like entry into VIP or premium token curated groups. Making Uniswap social! Click here to read about what’s next for ParJar and Parachute. The first Uniswap $PAR Liquidity Pool Rewards Program came to a close. All qualified poolers will receive their rewards in 2 months. DeFi superstar yearn.finance ($YFI) was added to ParJar this week for both sends/tips and swaps. Woohoo! Waifu in the house. After last week’s community inputs regarding the next new token on ParJar, a public vote was started. Uptrennd founder Jeff Kirdeikis’ latest project, TrustSwap ($SWAP), got listed on ParJar after winning that vote which got a shoutout from Ivan as well. So now we have a tongue twister on our hands. Haha. Cap also shared the first hints about $PAR governance. More details to be posted next week. Plus, Cap announced that he will be hosting a townhall next week. Stay tuned! Get your questionnaire ready. Like last week, Parachute chatter popped up in Ivan’s latest video this week as well.
Dang! What an amazing place, Victor
For all the mobile gamers out there, Tony set up a Parachute Corporation for the EVE Echoes game. Hit him up if you want to join. Naj hosted a Sunday TTR trivia with a 6300 $PAR prize pot. Gamer Boy held one as well. Darren’s Mega Trivia in Tiproom was super fun as always. Jason did an impromptu token giveaway so that fellow collectors could complete their ParJar collection followed by a mini contest to "guess the closest to the number of miles I am about to run" for some cool $PAR. Chris hosted this week’s creative Friday prompt (#adminfunday): “Using the profile image of any Parachute admin as inspiration, draw what you think that admin would like to do on the weekend”. And what an amazing video Hans (Pad of DeFi Chad). Haha! Super hilarious and fun.
Some of the radest #adminfunday entries. Clockwise from top left: Skittish, TyReal, Staph It!!, Yosma, Ik Now, Jeff, Chica Cuba, Jhang, Kuuraku
21 Aug – 27 Aug'20:
Ivan (from Ivan On Tech) joined Parachute as an advisor. Woot! Welcome to the Parachute fam. Here’s a sneak peek into what the first day discussions with Ivan as an advisor revolved around. The project got featured in France’s largest crypto news platform, Journal du Coin. Noice! Click here for the English translated version. As mentioned earlier, Cap hosted a townhall this week. If you missed it, you can catch up here. He also shared a rough draft snapshot of “how the governance and fee distribution contracts could look for ParJar Wallet”. Plus, some updates from this week and a big picture view at what staking liquidity through ParJar could look like. Parachute also got mentioned in another of Ivan’s videos this week.
Snapshot from the Parachute Townhall
In partnership with Sentivate, ParJar distributed $SNTVT tokens this week to 1500 people of whom 800 were new users. Sentivate hosted this drop for members of a specific group as a token of appreciation for their support. Reminiscent of the AMGO drop, this was a precursor of “how PAR drops + other token drops could work for our Social Liquidity pooling”. The $PAR Governance whitepaper was released and initial brainstorming started in the tokenomics group. Cap was also interviewed by YouTuber Money Party (@Edward_F) this week to talk at length about where we are at and where we are heading. We also received a super duper shoutout from CryptoTube in his latest video where he did a deep dive into ParJar and Parachute. Thanks a ton! Cryptovator did a cool feature on the project as well.
Cap added more changes to the site to show: \"ParJar wallet in action along with…the integrations\" + Big Picture
In this week's creative contest, Jason put up a #writingprompt: "...imagine you are a brand new intern at my new mega corporation...Today is your first day and you are told you need to present something about crypto to upper management...all you know is Bitcoin is a thing and some vague information about it. Pick a coin or general crypto subject and write a short story...None of the facts or material can be correct in your presentation...". Haha! After helping fellow Parachuters with their ParJar collection last week, Jason set up a collector’s group this week. If you have more than 30 of the coins/tokens listed on ParJar in your @parjar_bot collection already, send Jason a PM and he will get you in. Victor hosted a “Big Trivia” in TTR this week for 6300 $PAR in prizes. Afful held a quiz in Tiproom on “General Knowledge” as well. Check out these wicked new shorts in the Parachute Store based on Jose’s gif.
Epic stuff, Jose! Haha
Nice haul from the Parachute Beer Exchange, CF! Markus did you a solid
Boldman Stachs pointed out that $PAR had the highest Galaxy Score on social media analytics platform LunarCRUSH this week. Pretty neat! CF took note. And like Cap mentioned, it has mostly been thanks to him. Haha. And big up to Jesús (@JALBARRAN02) for making a ParJar guide video for our Spanish crew. You rock! Interesting results from the DeFi survey: majority of crypto folks are still DeFi-curious. A new community vote was thrown open for listing the next DeFi token on ParJar. Anyone who's been around a bit already knows that Clinton does some amazing work at his charity, For Living Independence, which creates assistive technology for disabled individuals. This week he shared some snaps of a build which now enables a lady in a wheelchair get upstairs in her home.
This is so wholesome, Clinton! Thank you for doing what you do.
28 Aug – 3 Sep'20:
ParJar was featured in Altcoin Buzz’s latest video. Noice! Click here and here to read some recent updates from Cap. After winning last week’s vote, Akropolis ($AKRO) became the latest token to be listed on ParJar. Woot! bZx crew gave some serious competition too. So we had to get them on ParJar as well. $BZRX was listed this week right after $AKRO. $PAR now has 7k on-chain HODLers. Saweet! Sentivate will be our first partner project to have a Social Liquidity Pool on ParJar. This is amazing! Time for another community vote to get a new project listed on ParJar – this time it is DeFi Pie v/s Ren v/s Proxi DeFi v/s Others. If you’ve missed all the latest Parachute-related videos, we have your back. Check this tweet thread to catch up. Naj hosted a Saturday Tiproom Trivia for 6300 $PAR in prizes. Congratulations to Maria for winning the latest Parena. 8k $PAR in the bag. Woohoo! And congo rats to Yanni as well for winning a special edition shirt from the Parachute store. Gamer Boy’s Big Trivia in TTR saw a ton of participation as always. The Parachute Fantasy Football contest is back! Chris set up the entry rules this week.
CF has done wonders for Parachute’s social metrics: “..+500% in our fi(r)st marketing month..”
Whew, what a month! And with that we close for August 2020 @ Parachute/ParJar. See you again with one more epic monthly update tomorrow. Cheerio!
Bitcoin Explain Like I'm 5 In this video I explain bitcoin 'like I'm 5'. I break the subject down simply and explain using apples the concept of bitcoin as if you were ... Bitcoin Explain Like I'm 5 In this video I explain bitcoin 'like I'm 5'. I break the subject down simply and explain using apples the concept of bitcoin as if you were ... Explain Bitcoin Like I’m Five. If you still can’t figure out what the heck a bitcoin is… Nik Custodio. Follow. Dec 12, 2013 · 6 min read. We’re sitting on a park bench. It’s a great day ... ELI5 Bitcoin – Explain Bitcoin Like I’m Five. Let’s just say there’s you and me in a room, and I hand you a dollar. I gave the dollar to you, and now you have it and I don’t. We didn’t need anybody else to verify the transaction, and I can’t take it back unless you give me it back. That dollar is yours now to do whatever you like with it. But let’s say we have a digital dollar ... by Nik Custodio Explain Bitcoin Like I’m Five If you still can’t figure out what the heck a bitcoin is… We’re sitting on a park bench. It’s a great day. I have one apple with me. I give it to you. You now have one apple and I have zero. That was simple, right? Let’s look closely at what happened: My apple was physically put into your hand.
[index]          
#pilot episode Hey world! I love Bitcoin I want you to love it too. Current subs : 2 Like and subscribe I accept #cryptocurrency tips like #btc and #eth and ... Start trading Bitcoin and cryptocurrency here: http://bit.ly/2Vptr2X Bitcoin is the first decentralized digital currency. All Bitcoin transactions are docume... Bitcoin Explain Like I'm 5 In this video I explain bitcoin 'like I'm 5'. I break the subject down simply and explain using apples the concept of bitcoin as if you were 5 years old. We tried to explain What is Bitcoin and Bitcoin transactions?. The cryptocurrency became a household name in 2017 after skyrocketing in value — but what exactly is Bitcoin? Subscribe to CTV News to watch more videos: htt...