Crypto Currency ??

MeteredOut

timdiecast said:

fallen121 said:

It is possible to earn Crypto without spending any money, for example the walking app Sweatcoin allows you to convert to "Sweat" which is notionally a Cryptocurrency but not recognised by many Crypto Exchanges. By walking (and I mean  LOTS of walking) you can acquire Sweatcoin, convert that to Sweat, transfer the Sweat to a Crypto Exchange that recognises and trades it (but not one that you would necessarily want to link to your Bank account), sell it for an alternative Crypto such as USDT, convert to USDT into Crypto that doesn't cost an arm and a leg to transfer around (hint: NOT BITCOIN where you can spend half your holding just transferring it somewhere) then transfer your holding to a more reliable (i.e. not Russian) Crypto Exchange where you can sell it for GBP and withdraw the proceeds back to your UK Bank account. You are effectively mining Crypto by walking without the need to spend cash buying an NFT (which is basically an engine you need to buy to enable you to mine Crypto). I don't consider myself an expert by any means, but hang around Reddit and YouTube long enough and you will pick up enough of the basics to turn your steps into a steady income.

I've got 1408 sweat coins built up over 2 years (just for fun, not expecting to make money). Current value $13.50

I think it would be more lucrative to use an app that just paid cash to walk. However, I'll do  some research and see if I can really make a steady income from walking around.

There's a couple of streets in the next town to me where I'm sure some ladies make a decent living from walking around...

Malthusian

You can also earn a hell of a lot more than 7 dollars a year for moving from A to B without selling your body. All you have to do is carry some food or parcels while you do it. You don't even have to do any research on YouTube.

The future of movement!

fallen121 said:

By walking (and I mean  LOTS of walking) you can acquire Sweatcoin, convert that to Sweat, transfer the Sweat to a Crypto Exchange that recognises and trades it (but not one that you would necessarily want to link to your Bank account), sell it for an alternative Crypto such as USDT, convert to USDT into Crypto that doesn't cost an arm and a leg to transfer around (hint: NOT BITCOIN where you can spend half your holding just transferring it somewhere) then transfer your holding to a more reliable (i.e. not Russian) Crypto Exchange where 

Seven years of idly following crypto and I'm still never sure whether people are being satirical when they give full explanations of how it works like the one above. 

Prism said:

Just to focus on the digital identity example from that link. Microsoft have a relatively new ID system, called verified ID, based on blockchain

No it isn't. Microsoft Entra Verified ID does not use blockchain.

It does use distributed ledgers, but while all blockchains are distributed ledgers, not all distributed ledgers are blockchains. Microsoft Verified ID does not use the append-only structure that is blockchain's hallmark, or require the entire history of the database to be copied every time it is updated. (Why on earth would you when you are talking about something that inherently needs to be up-to-date and data-protection-compliant?)

As most of us aren't tech experts, you can verify this by letting Google read through Microsoft's specifications and note the complete absence of any mention of blockchain.

And to bring it back to the subject of the thread, Microsoft didn't sell any tokens when they launched Verified ID that will make you rich quick if businesses and institutions start using the technology in large numbers.

Scottex99

Anyone can earn/get airdrops but there’s requirements these days, to stake, bridge assets, supply liquidity etc. And mainly with new assets and chains, not exactly beginner friendly.

Coinlist fine but pretty niche.

Of course trading has risk. And people advertising trading courses or guaranteed profit swing trading etc on instagram, are only there to take your money.

High leverage you could lose everything in seconds, buying spot, no. 

stoneman

I bought 4 BTC back in 2015 when the price was £250 each. Not a huge gamble. I still own them (after taking £10k profit out). My holding  now stands at £220,000 or thereabouts 

Cus

stoneman said:

I bought 4 BTC back in 2015 when the price was £250 each. Not a huge gamble. I still own them (after taking £10k profit out). My holding  now stands at £220,000 or thereabouts 

Wow, I didn't think these types of people existed. I mean, what's your selling price? Who invests in something at £250 and does nothing else?
Most people would have probably sold years ago when the price was a multiple. The same people would probably keep buying and selling in the following years. You didn't buy any more after 2015?

catchatheif

Hi I am new here, just wondering if anyone has heard of a company called Global chain Intergrity who claim they can transfer my bitcoin into £ into my bank? I am very wary of the whole bitcoin experience but basically I have £49k in funds locked in bitcoin. I initially decided to forget about this as a loss but I have been contacted by this said company who say they can sort it. I won't give any of my personal information to them unless I can confirm they are legit.

eskbanker

catchatheif said:

Hi I am new here, just wondering if anyone has heard of a company called Global chain Intergrity who claim they can transfer my bitcoin into £ into my bank? I am very wary of the whole bitcoin experience but basically I have £49k in funds locked in bitcoin. I initially decided to forget about this as a loss but I have been contacted by this said company who say they can sort it. I won't give any of my personal information to them unless I can confirm they are legit.

I'd always run a mile from companies that cold call, but don't really follow exactly what you mean by funds being 'locked' in Bitcoin and needing to be 'sorted'?

fwor

catchatheif said:

basically I have £49k in funds locked in bitcoin. I initially decided to forget about this as a loss but I have been contacted by this said company who say they can sort it.

You can be near enough 100% certain that this is what some describe as "fraud recovery fraud" - where a company (somehow) knows that you have been scammed before, and claims to be able to get your money back. They will (eventually) want a fee upfront. If you pay the fee, you can be near enough certain that you will get nothing in return.

For anyone thinking of using the services of globalchainintegrity.com, believing this to be a well-established company - note that the domain name was first registered just one month ago.

Scottex99

Yeah this is 99.999% a scam.

When you say you have money “locked” in bitcoin,

do you mean you’ve lost the private key/seed phrase to access your wallet?

or did you just get scammed from the start on some dodgy investment site?

very common for these guys to show fake profits and then demand more payments to unlock funds or pay tax or whatever. Of course there never was any profit from the start 

Bravepants

I wonder if the advent of quantum computing will finally put an end to crypto? I mean you could mine coins and decrypt in an instant making the whole concept useless!