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      "body": "Congratulations @bitcoinorbust! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@bitcoinorbust/birthday3.png</td><td>Happy Birthday! - You are on the Steem blockchain for 3 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@bitcoinorbust) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=bitcoinorbust)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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      "body": "*In layman's terms, staking coins would refer simply to having certain types of coins in that corresponding coins wallet while it's open and connected to the web in order to help that specific coins blockchain secure transactions. By doing so, you will be rewarded with new coins and/or transaction fees that will be added to the coins that you already have in the wallet.*\n\n![rnah3wl1jk.jpg](https://img.esteem.ws/rnah3wl1jk.jpg)\n\nFor many the elusive ship has sailed as far as being 'early adopters' of crypto is concerned. And merely HODLing is proving for many to be a slow and tedious process. Some resort to trading and in many cases losing thru ponzi schemes or just plain bad investment decisions.\nYet others, continue to chase the dream by creating incomes thru mining; as contentious as it may be. Many have declared mining -whether it being thru the use of ASIC miners or GPU, a threat to the environment as the continual rise of difficulty forces miners to in effect, 'mine against themselves' as the difficulty levels keep on rising. A quick look at [https://btc.com/stats/diff](url) and the difficulty level increase on (bitcoin) mining quickly becomes evident. Some months an increase as much as 30% can be observed. So for a miner (of bitcoin) he/she would have to increase the hash power of their mine by at least a similar amount monthly. This alone could run into the thousands. Then, of course, there is the question of cheap electricity to power those machines as well as the necessary cooling considerations of these facilities and machines. \nThis is where others that are proponents of the proof of work algorithm, as the backbone to the security of the blockchain, may be able to benefit because it excludes these and other factors.\n\n**The dawn of the Masternode**\n\nAnother option has emerged with the advent of Cryptocurrencies like Dash. -The 'Masternode' currencies. Dash was the first 'anti proof of work' coin that advocated the use of the 'proof of stake' protocol.\nUnlike mining or proof of work coins, Dash uses this protocol and rewards Masternodes, not miners, to check and verify transactions. This is to say that if you have a certain amount of coins in your wallet and declare yourself a Masternode, you help secure the network in question and get rewarded for this process.\nThe problem with these Masternodes is that it can indeed be a very expensive exercise as you would need (in some cases) a large amount of capital to fund these wallets. In the case of Dash as an example, you would need a thousand coins in your wallet; at the time of writing, that would equate to more than $160k. Quite obviously out of reach for many.\nYou can readily check some of these Masternodes and the amounts needed to fund them by referring to [https://masternodes.pro/statistics](url)\n\nBecause of this costly exercise, many have declared currencies like Dash that uses this protocol, as centralized, and not as secure as the Bitcoin or the proof of work protocol. Be it as it may, the inevitable happened and the Dash code was copied, modified and changed to create a plethora of more coins.\n\n![2rsudejnxy.jpg](https://img.esteem.ws/2rsudejnxy.jpg)\n\nThen the proof of stake coins emerged that doesn't require a certain amount of coins in a wallet. [https://www.poslist.org/](url) Indeed, in some cases these coins do not have Masternodes at all, they just require that a user has some coins in his wallet while it is connected to the web to help verify transactions. In exchange for staying online, these wallets or nodes, get rewarded with new coins and/or transaction fees. Just a few examples would be coins like ClubCoin, Potcoin (as made famous recently by Dennis Rodman [https://www.theverge.com/2018/6/12/17453080/dennis-rodman-potcoin-bitcoin-donald-trump-kim-jong-un-north-korea ](url) ) and Bean-Cash to mention but a few.\n\nYes. I hear many of you say \"shitcoins\". Mostly agreed -hence the title of this article. But my reply would be quite simply that there's a place for all of these and more in the 'crypto-ecosystem'.\nDefinitely. Some will die; if not most.\nBut the fact that they exist and are currently part of the 'crypto-sphere' is undeniable.\n\n**How to stake**\n\nIn most cases it's surprisingly simple really. In 'most' cases...\nMost coins have wallets that you can download from their respective websites. You would then proceed to buy some coins, load up the wallet and after you have synced the blockchain of that coin, simply have the wallet open and connected to the web in order for it to stake.\nI would recommend that you do thorough research on what coins you would like to stake by using sites like:\n[https://coinmarketcap.com/](url)\n[https://www.poslist.org/](url)\n[https://walletinvestor.com/](url)\nIf you want to dabble with Masternodes, then you could use [https://masternodes.pro/statistics](url) as I mentioned earlier.\n\nThis is however where your conundrum starts.\n> \"Some of these coins are only available on Unix or Linux platforms and I do not have that on my PC.\"\n> \"I do not know how to use command line and are scared of doing something wrong.\"\n> \"I only have a laptop and I use it for work. I can't have it on all the time.\"\n> \"What if I want to stake a few different coins?\n\"What if I really want to take part in a Masternode but simply can't afford it?\"\n\nI think you get the jest.\n\n![7uaqbneftc.jpg](https://img.esteem.ws/7uaqbneftc.jpg)\n\nFortunately for us, there's platforms that can help. A simple google will offer you a few options, but please use your due diligence. Remember that in order to use these online platforms, you will need to send them the coins that you have bought. They will have custody of your coins to do with as they like. Please be carefull!\n\nThe one platform that I have discovered and really enjoy, is SimplePos.\n\nThey have dedicated Support in an open forum on their own Discord server. They maintain the various staking wallets including updating them, restarting them and programming them with the needed changes. Give regular Airdrop give aways of new coins and also run Masternodes for their users. They also have brilliant FAQ pages and actually make it as simple as purchasing the coins, sending it to them and then enjoying the staking rewards.\n They do not have all the staking coins or masternodes available as there are so many, but they take the hassle out of determining witch ones are best. They also allow the users to vote for the new coins via their Discord.\n\nAs far as their Masternodes are concerned, they pool a Masternode. In other words, they would split the needed amount of coins for a Masternode up to allow users to purchase a smaller amount and pooling it together with other users, so that the Masternode would get the amount of coins needed. The rewards would then be shared umongst the users that contributed to the Masternode. They actually make it very simple. 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      "body": "@@ -438,18 +438,17 @@\n any the \n-il\n+e\n lusive s\n@@ -1373,17 +1373,16 @@\n d run in\n- \n to the t\n@@ -1395,16 +1395,17 @@\n ds. Then\n+,\n  of cour\n@@ -1406,16 +1406,17 @@\n f course\n+,\n  there i\n@@ -1835,17 +1835,16 @@\n f Crypto\n- \n currenci\n@@ -2269,17 +2269,16 @@\n question\n-,\n  and get\n@@ -4031,16 +4031,16 @@\n the \n+'\n crypto-\n-'\n ecos\n",
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      "body": "*In layman's terms, staking coins would refer simply to having certain types of coins in that corresponding coins wallet while it's open and connected to the web in order to help that specific coins blockchain secure transactions. By doing so, you will be rewarded with new coins and/or transaction fees that will be added to the coins that you already have in the wallet.*\n\n![rnah3wl1jk.jpg](https://img.esteem.ws/rnah3wl1jk.jpg)\n\nFor many the illusive ship has sailed as far as being 'early adopters' of crypto is concerned. And merely HODLing is proving for many to be a slow and tedious process. Some resort to trading and in many cases losing thru ponzi schemes or just plain bad investment decisions.\nYet others, continue to chase the dream by creating incomes thru mining; as contentious as it may be. Many have declared mining -whether it being thru the use of ASIC miners or GPU, a threat to the environment as the continual rise of difficulty forces miners to in effect, 'mine against themselves' as the difficulty levels keep on rising. A quick look at [https://btc.com/stats/diff](url) and the difficulty level increase on (bitcoin) mining quickly becomes evident. Some months an increase as much as 30% can be observed. So for a miner (of bitcoin) he/she would have to increase the hash power of their mine by at least a similar amount monthly. This alone could run in to the thousands. Then of course there is the question of cheap electricity to power those machines as well as the necessary cooling considerations of these facilities and machines. \nThis is where others that are proponents of the proof of work algorithm, as the backbone to the security of the blockchain, may be able to benefit because it excludes these and other factors.\n\n**The dawn of the Masternode**\n\nAnother option has emerged with the advent of Crypto currencies like Dash. -The 'Masternode' currencies. Dash was the first 'anti proof of work' coin that advocated the use of the 'proof of stake' protocol.\nUnlike mining or proof of work coins, Dash uses this protocol and rewards Masternodes, not miners, to check and verify transactions. This is to say that if you have a certain amount of coins in your wallet and declare yourself a Masternode, you help secure the network in question, and get rewarded for this process.\nThe problem with these Masternodes is that it can indeed be a very expensive exercise as you would need (in some cases) a large amount of capital to fund these wallets. In the case of Dash as an example, you would need a thousand coins in your wallet; at the time of writing, that would equate to more than $160k. Quite obviously out of reach for many.\nYou can readily check some of these Masternodes and the amounts needed to fund them by referring to [https://masternodes.pro/statistics](url)\n\nBecause of this costly exercise, many have declared currencies like Dash that uses this protocol, as centralized, and not as secure as the Bitcoin or the proof of work protocol. Be it as it may, the inevitable happened and the Dash code was copied, modified and changed to create a plethora of more coins.\n\n![2rsudejnxy.jpg](https://img.esteem.ws/2rsudejnxy.jpg)\n\nThen the proof of stake coins emerged that doesn't require a certain amount of coins in a wallet. [https://www.poslist.org/](url) Indeed, in some cases these coins do not have Masternodes at all, they just require that a user has some coins in his wallet while it is connected to the web to help verify transactions. In exchange for staying online, these wallets or nodes, get rewarded with new coins and/or transaction fees. Just a few examples would be coins like ClubCoin, Potcoin (as made famous recently by Dennis Rodman [https://www.theverge.com/2018/6/12/17453080/dennis-rodman-potcoin-bitcoin-donald-trump-kim-jong-un-north-korea ](url) ) and Bean-Cash to mention but a few.\n\nYes. I hear many of you say \"shitcoins\". Mostly agreed -hence the title of this article. But my reply would be quite simply that there's a place for all of these and more in the crypto-'ecosystem'.\nDefinitely. Some will die; if not most.\nBut the fact that they exist and are currently part of the 'crypto-sphere' is undeniable.\n\n**How to stake**\n\nIn most cases it's surprisingly simple really. In 'most' cases...\nMost coins have wallets that you can download from their respective websites. You would then proceed to buy some coins, load up the wallet and after you have synced the blockchain of that coin, simply have the wallet open and connected to the web in order for it to stake.\nI would recommend that you do thorough research on what coins you would like to stake by using sites like:\n[https://coinmarketcap.com/](url)\n[https://www.poslist.org/](url)\n[https://walletinvestor.com/](url)\nIf you want to dabble with Masternodes, then you could use [https://masternodes.pro/statistics](url) as I mentioned earlier.\n\nThis is however where your conundrum starts.\n> \"Some of these coins are only available on Unix or Linux platforms and I do not have that on my PC.\"\n> \"I do not know how to use command line and are scared of doing something wrong.\"\n> \"I only have a laptop and I use it for work. I can't have it on all the time.\"\n> \"What if I want to stake a few different coins?\n\"What if I really want to take part in a Masternode but simply can't afford it?\"\n\nI think you get the jest.\n\n![7uaqbneftc.jpg](https://img.esteem.ws/7uaqbneftc.jpg)\n\nFortunately for us, there's platforms that can help. A simple google will offer you a few options, but please use your due diligence. Remember that in order to use these online platforms, you will need to send them the coins that you have bought. They will have custody of your coins to do with as they like. Please be carefull!\n\nThe one platform that I have discovered and really enjoy, is SimplePos.\n\nThey have dedicated Support in an open forum on their own Discord server. They maintain the various staking wallets including updating them, restarting them and programming them with the needed changes. Give regular Airdrop give aways of new coins and also run Masternodes for their users. They also have brilliant FAQ pages and actually make it as simple as purchasing the coins, sending it to them and then enjoying the staking rewards.\n They do not have all the staking coins or masternodes available as there are so many, but they take the hassle out of determining witch ones are best. They also allow the users to vote for the new coins via their Discord.\n\nAs far as their Masternodes are concerned, they pool a Masternode. In other words, they would split the needed amount of coins for a Masternode up to allow users to purchase a smaller amount and pooling it together with other users, so that the Masternode would get the amount of coins needed. The rewards would then be shared umongst the users that contributed to the Masternode. They actually make it very simple. I think this is where the name came from.\n<hr>\nIf  you liked this article and found it usefull, please consider using my referral links for CoinExchange (where you can find most of the coins that Simple Pos offers for staking) and also my referral link for Simple Pos itself.\n\nTill next time -be safe, and happy staking!\n\n*CoinExchange*\n[https://www.coinexchange.io/?r=2a75c774](url)\n*SimplePosPool*\n[https://simplepospool.com/?ref=Trebou](url)",
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      "body": "# Don’t forget that newbies have no idea what ‘crypto’ is. -Or join a Metal band, smoke some weed and get hunted by the SPCA….\n\n![970aqhwsf9.jpg](https://img.esteem.ws/970aqhwsf9.jpg)\n\n> \"Hey man! I heard you mention Crypt to your friend. I love that band man!\"\n\nAnd suddenly I was brought back to, and reminded of the reality that not everyone knows what ‘cryptocurrency’ means. It’s a good reminder, and something that the ‘older generation’ of bitcoin and crypto-enthusiasts very often forget.\n\n(Crypt is off course a 90’s band that lasted till 2000 before they resurfaced in 2016. https://www.metal-archives.com/bands/Crypt/3150)\n\n![8peeuo14zs.jpg](https://img.esteem.ws/8peeuo14zs.jpg)\n\nImagine you’re trying to explain ‘Fiat’ to someone that has no reference or idea that his or her, ‘legal tender’ are widely categorised as ‘fiat currency’? They might just tell you that they are not a fan of French cars and much prefer Ford… Not a great way to start explaining that ‘normal money’ or legal tender, is known as ‘fiat’.\n\nI find this sometimes hilarious problem all too often when I visit the local drinking hole with my fellow crypto-minded friends. It was recently quite evident just how funny, when Dennis Rodman appeared on CNN Live while wearing a potcion.com t-shirt and the visuals was overplayed with “Historic summit between Trump & Kim Jong Un underway”.\n\nPotCoin got a solid 16 minutes worth of exposure! Off course we know that he is sponsored by PotCoin. A friend that’s not as clued up however, was on a rant that Dennis Rodham was in cahoots with Trump to plant ‘pot’ in North Korea as a new economic boost for the impoverished nation… I didn’t want to tell him that PotCoin is positioning itself as a banking alternative for the cannabis industry and that the greatest competition that PotCoin currently face, are from CannabisCoin, DopeCoin and HempCoin. I was laughing too much, but in hind site, I probably should have.\n\n![d0ie2sj3eq.png](https://img.esteem.ws/d0ie2sj3eq.png)\n\nNow of course we know that there’s a whole list of these.\n\nDogecoin. Be careful how you say it, and definitely don’t discuss it in front of your animal lover friends without clarifying. -I have my hands full explaining what a Shiba Inu is before I get to the actual coin.\n\n![2qwgcpag0z.png](https://img.esteem.ws/2qwgcpag0z.png)\n\nInsaneCoin? Unobtanium? ‘Useless Ethereum Token”!? \n(Laura Shin wrote about these in a Forbes article here https://www.forbes.com/sites/laurashin/2017/07/10/cryptos-in-wonderland-12-of-the-weirdest-wackiest-coins/)\n\nNot even to mention Steem (“What!? Are you a train driver or something?”), Pepe Cash (“Are you kidding me!?”), PutinCoin that must be in a constant ‘price war’ against TrumpCoin.\n\nTittiecoin (No! I did not make that one up!), but I might be holding too many; wait for it…. ‘Antimatter’ (Yes. It’s an actual crypto.).\n\nI think you get the point.\n\nThere’s so many shitcoins out there (O hell! Did you just read that out loud and your mother heard you?) that the conversation around all these can get pretty confusing for new crypto enthusiasts.\n\nAnd we didn’t even get to Proof of work, Proof of stake (No man. Nothing to do with your local butcher or Dracula.) or even Proof of space (how about some Marscoin with that?).\n\nNow add getting to explain Blockchain to a new person and pointing out that Bitcoin (with a capital ‘B’) refers to it’s blockchain, while bitcoin (with a small letter ‘b’) refers to the actual currency; then you have lost half the fight.\n\n I think that when Einstein said: \n> \"You don’t really understand something unless you can explain it to your grandmother.\"\n\n that he had a very good point.\n\nSo my take away here is just this; let’s keep it simple when we explain bitcoin and crypto to newbies. Because we forget that it’s a wild world out there for any one that’s new -unless you bribe them with some ‘Hobonickels’ of course…\n\n![vxptuej2ld.png](https://img.esteem.ws/vxptuej2ld.png)\n\nAs always -have a good one! Cheers for now.\n\nFacebook: https://www.facebook.com/bitcoinorbust/
Twitter: https://twitter.com/bitcoinorbust
Mine with me: http://bitclub.bz/trebou\n\n(Most images here CC0 Creative Commons, https://pixabay.com/ or from the respective cryptocurrency websites and CNN Live screen grab)",
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      "body": "# Don’t forget that newbies have no idea what ‘crypto’ is. -Or join a Metal band, smoke some weed and get hunted by the SPCA….\n\n![970aqhwsf9.jpg](https://img.esteem.ws/970aqhwsf9.jpg)\n\n> \"Hey man! I heard you mention Crypt to your friend. I love that band man!\"\n\nAnd suddenly I was brought back to, and reminded of the reality that not everyone knows what ‘cryptocurrency’ means. It’s a good reminder, and something that the ‘older generation’ of bitcoin and crypto-enthusiasts very often forget.\n\n(Crypt is off course a 90’s band that lasted till 2000 before they resurfaced in 2016. https://www.metal-archives.com/bands/Crypt/3150)\n\n![8peeuo14zs.jpg](https://img.esteem.ws/8peeuo14zs.jpg)\n\nImagine you’re trying to explain ‘Fiat’ to someone that has no reference or idea that his or her, ‘legal tender’ are widely categorised as ‘fiat currency’? They might just tell you that they are not a fan of French cars and much prefer Ford… Not a great way to start explaining that ‘normal money’ or legal tender, is known as ‘fiat’.\n\nI find this sometimes hilarious problem all too often when I visit the local drinking hole with my fellow crypto-minded friends. It was recently quite evident just how funny, when Dennis Rodman appeared on CNN Live while wearing a potcion.com t-shirt and the visuals was overplayed with “Historic summit between Trump & Kim Jong Un underway”.\n\nPotCoin got a solid 16 minutes worth of exposure! Off course we know that he is sponsored by PotCoin. A friend that’s not as clued up however, was on a rant that Dennis Rodham was in cahoots with Trump to plant ‘pot’ in North Korea as a new economic boost for the impoverished nation… I didn’t want to tell him that PotCoin is positioning itself as a banking alternative for the cannabis industry and that the greatest competition that PotCoin currently face, are from CannabisCoin, DopeCoin and HempCoin. I was laughing too much, but in hind site, I probably should have.\n\n![d0ie2sj3eq.png](https://img.esteem.ws/d0ie2sj3eq.png)\n\nNow of course we know that there’s a whole list of these.\n\nDogecoin. Be careful how you say it, and definitely don’t discuss it in front of your animal lover friends without clarifying. -I have my hands full explaining what a Shiba Inu is before I get to the actual coin.\n\n![2qwgcpag0z.png](https://img.esteem.ws/2qwgcpag0z.png)\n\nInsaneCoin? Unobtanium? ‘Useless Ethereum Token”!? \n(Laura Shin wrote about these in a Forbes article here https://www.forbes.com/sites/laurashin/2017/07/10/cryptos-in-wonderland-12-of-the-weirdest-wackiest-coins/)\n\nNot even to mention Steem (“What!? Are you a train driver or something?”), Pepe Cash (“Are you kidding me!?”), PutinCoin that must be in a constant ‘price war’ against TrumpCoin.\n\nTittiecoin (No! I did not make that one up!), but I might be holding too many; wait for it…. ‘Antimatter’ (Yes. It’s an actual crypto.).\n\nI think you get the point.\n\nThere’s so many shitcoins out there (O hell! Did you just read that out loud and your mother heard you?) that the conversation around all these can get pretty confusing for new crypto enthusiasts.\n\nAnd we didn’t even get to Proof of work, Proof of stake (No man. Nothing to do with your local butcher or Dracula.) or even Proof of space (how about some Marscoin with that?).\n\nNow add getting to explain Blockchain to a new person and pointing out that Bitcoin (with a capital ‘B’) refers to it’s blockchain, while bitcoin (with a small letter ‘b’) refers to the actual currency; then you have lost half the fight.\n\n I think that when Einstein said: \n> \"You don’t really understand something unless you can explain it to your grandmother.\"\n\n that he had a very good point.\n\nSo my take away here is just this; let’s keep it simple when we explain bitcoin and crypto to newbies. Because we forget that it’s a wild world out there for any one that’s new -unless you bribe them with some ‘Hobonickels’ of course…\n\n![vxptuej2ld.png](https://img.esteem.ws/vxptuej2ld.png)\n\nAs always -have a good one! Cheers for now.\n\nFacebook: https://www.facebook.com/bitcoinorbust/
Twitter: https://twitter.com/bitcoinorbust
Mine with me: http://bitclub.bz/trebou\n\n(Most images here CC0 Creative Commons, https://pixabay.com/ or from the respective cryptocurrency websites and CNN Live screen grab)",
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