StackOfStake Staking and Masternodes Platform Adds SmartCash and Bitcoin Confidential
As was recently announced, SmartCash (SMART) and Bitcoin Confidential (BC) will soon be added to StackOfStake, staking and masternodes investment platform.
The new #privacy star 💫 hits our horizon – meet @btconfidential!
Prepare for $BC staking… soon… at https://t.co/pTaN10zDVx 🤘
What is $BC? Learn from https://t.co/wxLRVpRiNO pic.twitter.com/6KT5ebP4SH
— StackOfStake (@stackofstake) July 22, 2020
Bitcoin Confidential is already added to the StackOfStake Knowledgebase and shortly will be available for staking. The SmartCash integration will follow.
Today we have an interview with the founder of the StackOfStake platform to share with our readers more information about the platform and how it functions.
Hello! Tell us a few words about when StackOfStake platform was founded and the team behind it
StackOfStake is a staking and masternode investment platform. It was launched back in 2018 by me and my partner Qlee.
We have a strong technical background. Members of our tech team have en experience in architecting and building the software for banks and ATMs.
What are the advantages of your platform over other similar services?
Our main advantages are developed infrastructure and responsive support. You can access the StackOfStake platform via the web application, mobile apps, and even API. Your balance at StackOfStake is always in a range of one click from you. And even if you have any questions – we usually reply within a few hours (unlike other platforms where you could wait days for the response).
When will Bitcoin Confidential staking be available on your platform?
BC will be available at StackOfStake within the next week (27th July – 2nd August).
SmartCash has two ways to earn passive income for users: SmartNodes and SmartRewards. In the new 1.3 Phoenix Release, SmartRewards will be significantly changed and 60% of the block reward will be allocated to this feature. Tell us about how users will be able to receive rewards and how it will work in the case of SmartCash?
All you need to do to start receiving rewards at StackOfStake is just to make a deposit. And our task is to provide you the best possible rewards. We will balance SMART in the pool between SmartRewards and SmartNodes to find the best equilibrium for the best return of your investments.
SmartRewards and SuperRewards estimated yearly yield for our 1.3 Phoenix release set to go live later this month.#SmartCash $smart #crypto #cryptocurrency #cryptocurrencynews pic.twitter.com/mqKTuaTOGP
— SmartCash (@scashofficial) July 15, 2020
What steps does a user need to follow to start receiving passive income on StackOfStake platform? Are there any fees?
There are only three steps to start receiving a passive income at our platform – SignUp in a few clicks, Deposit SMART, enjoy rewards 🙂 We are offering an exclusive 0% fee for SMART staking within the next two weeks. Then, the rewards fee will be changed to the default 8%. Deposits and withdrawals are fee-free forever.
Is it safe to use StackOfStake platform?
User funds security is our main priority – any staking (or any custodial) platform can say it. But unlike many other platforms, StackOfStake is operating without any single security accident since it’s launch. We are using the high-grade security techniques and software on the backend (see the team experience in Q1). For users, we can offer the regular 2FA with OTP, and even 2FA (login to StackOfStake with your Ledger or any other hardware authentication key).
How users can withdraw coins from the platform? Are there any fees for it?
StackOfStake allows you to withdraw coins without any lock or delay. Just click “Withdraw” at the dashboard, and receive coins within 5-10 min. We are not charging any platform fee for withdrawals, but you need to pay a small network fee to proceed your transaction.
Sparks Fly as Critics Question Bitcoin Model Predicting $100,000 by 2021
The Bitcoin Stock to Flow (S2F) model created by the pseudonymous analyst “PlanB” has been a controversial subject over the past year. A majority of cryptocurrency investors on Twitter seemingly believe in the model, though it’s increasingly come under fire.
Debate about PlanB’s work has come to a head over the past few days as prominent commentators have chimed in.
The S2F model is an econometric formula released by PlanB in March of 2019. The pseudonymous analyst is a Dutch institutional investor that manages a multi-billion balance sheet, though he moonlights as a Bitcoin proponent.
PlanB’s analysis suggests that the value of Bitcoin and other precious goods, namely gold and silver, can be valued by their scarcity. The image below is the model’s first iteration.
BTC S2F model (first iteration) by analyst "PlanB" (@100trillionusd on Twitter).
The model predicts that after 2020’s block reward halving, BTC will rise to a market capitalization of $1 trillion. That corresponds with approximately $55,000 per coin.
The predicted market value for bitcoin after May 2020 halving is $1trn, which translates in a bitcoin price of $55,000. [This money will come from] silver, gold, countries with negative interest rate, countries with predatory governments, billionaires and millionaires hedging against quantitative easing (QE), [and more].”
It has since been updated with a new regression formula that suggests Bitcoin will reach $100,000 in 2020 or 2021.
PlanB’s updated iteration of the model has a high R squared value of ~95% and is purportedly “cointegrated” with BTC’s price. Statistics lingo aside, the S2F model’s proponents say that this is a confirmation that the model has credence.
Not everyone thinks that’s the case, unfortunately for BTC bulls.
The S2F model has recently been supported by a number of Bitcoiners.
Bitcoin educator/programmer Jimmy Song wrote the following message on July 2nd, arguing that it is well too soon to “dunk” on the model:
“Why are people dunking on the s2f model just a few difficulty adjustments past the halving? The prediction was that BTC will be $100k before the end of 2021. Declaring victory now is like declaring victory 5 minutes into the game.”
Why are people dunking on the s2f model just a few difficulty adjustments past the halving?
The prediction was that BTC will be $100k before the end of 2021.
Declaring victory now is like declaring victory 5 minutes into the game.
— Jimmy Song (송재준) (@jimmysong) July 2, 2020
The Keiser Report co-host Max Keiser, one of BTC’s earliest public bulls, agreed with the sentiment put forth by Song.
He said that the arguments “‘debunking’” the S2F model “appear to be just random word-salads by attention seekers.” Keiser added that he thinks the model is a “valid and vital analysis” that gives “excellent insight” into Bitcoin.
So far, the arguments “debunking” S2F for BTC appear to be just random word-salads by attention seekers.
S2F is a valid and vital analysis of #Bitcoin price that provides excellent insight into the market. https://t.co/diqJfThIg3
— Max Keiser (@maxkeiser) July 3, 2020
Keiser’s and Song’s statements of support for the econometric model come as it has come under fire from a few angles.
Namely, Nico Cordeiro, the CIO of Strix Levithan, released a report entitled “A Chameleon Model – Why Bitcoin’s Stock-to-flow Model is Fatally Flawed.”
The investor said that gold hasn’t been correlated with its S2F ratio over the past decade. Cordeiro added that he thinks the model is illogical due to it predicting $200 million by 2045.
1,000 People Had Access to Twitter ‘God Mode’ — 130 Accounts Targeted by Hackers | News Bitcoin News
More than 1,000 Twitter employees and contractors reportedly had access to Twitter’s “God mode” earlier this year, before the recent large-scale hack that saw many high-profile accounts tweet about a bitcoin giveaway. Twitter has confirmed that 130 accounts were targeted, and hackers accessed the private messages of 36 accounts.
Following the recent hack that saw high-profile accounts tweet about a bitcoin giveaway scam, many have raised the question of how many people have access to Twitter’s “God mode,” as some call it. Reuters reported Friday that the number of people with this access level earlier this year was more than 1,000, citing two former Twitter employees familiar with the company’s security practices. The publication wrote:
More than a thousand Twitter employees and contractors as of earlier this year had access to internal tools that could change user account settings and hand control to others … including some at contractors like Cognizant.
Twitter declined to comment on the figure while Cognizant did not respond to Reuters’ request for comment. The Federal Bureau of Investigation (FBI) is investigating the Twitter breach.
The hackers “manipulated a small number of employees and used their credentials” to access internal tools, Twitter explained on Wednesday. Overall, the hackers targeted a total of 130 accounts, sent tweets from 45 accounts, and downloaded information using the “Your Twitter Data” tool for eight accounts. The company also revealed:
The hackers accessed 36 direct message inboxes, including one for an elected official in the Netherlands.
Besides the politician in the Netherlands, Twitter said it did not believe that the hackers looked at direct messages for any other elected official.
The former employees further explained to Reuters that Twitter had gotten better about logging the activity of its employees after previous mishaps, including record searches by an employee accused of spying for the government of Saudi Arabia. After a rogue employee deleted President Donald Trump’s account two years ago, the company limited access to national leaders’ accounts to a much smaller number of people. “That could explain why Biden’s account was hijacked but not Trump’s,” the news outlet wrote.
Former Twitter security engineer John Adams said Twitter should expand the number of protected accounts, such as requiring at least two people to change key settings of accounts with more than 10,000 followers.
During an earnings call with investors on Thursday, Twitter CEO Jack Dorsey acknowledged the problems, admitting:
We fell behind, both in our protections against social engineering of our employees and restrictions on our internal tools.
Meanwhile, lawmakers have called on Dorsey to testify at the upcoming antitrust hearing where CEOs of Amazon, Apple, Facebook, and Google are also expected to appear.
What do you think about 1000 people with Twitter’s God mode access? Let us know in the comments section below.
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