So today I’ve got this really cool Bitcoin Hardware wallet called Ballet Crypto Wallet. It claims to be the very first multi currency physical wallet which is non-electronic.
I must say that when I got it, it has a pretty good packing and its using “recycled” paper which is a good thing. Why I got it ?? Well … its stainless steel and I thought that it would be great to bring around during my presentation and an easier way to explain what Bitcoin and crypto is.
Upon opening you would be able to take out the card which is made out of stainless steel and also you have a hard casing for you to protect the card from unnecessary damage.
Here is the list of all the crypto that you can dump into this wallet. How it works is that you would require to download the mobile app and you can then activate the various coins you want to add to this.
There are a lot of crypto guys who has claimed that this is unsafe due to the nature that both the private key and address are printed on the card.
As for me, I don’t think I’ll place my entire portfolio here however it would be a great way to explain to someone who is new to cryptocurrencies on how crypto works in general and what is a wallet.
It would also be really nice if these guys support STEEM.
Now once we got that out of the way, let’s talk about Liquidity Pools and now you can make a profit out of it.
Liquidity Pools are basically you providing liquidity to the exchange in other words, you become a shareholder of a particular pair for example ETH/wBTC .
To be able to provide the liquidity you would need to place in any amount of liquidity into the pool. The only criteria you would need to comply if that if you place in 1 ETH then you would also need to put in 1 ETH worth of wBTC as well as the image below shows.
The more you put in, the more % of the total liquidity pool you would receive.
Why is the % of total the liquidity Pool important?
Well… basically how much fees you receive as a liquidity provider is really depending on how much of your contribution of the pool fees you provide.
How do I make money?
If you are familiar with exchanges, you would then know that every transaction that you do, you would need to pay a transaction fee. This is normally about 3% or less depending on the exchange.
So instead of giving the money to the exchange, each time someone swaps a token on Uniswap and its the pair which you have provided liquidity for, you will earn a % of that transaction fee. How much would depend on how much share % of the liquidity pool for that particular pair?
For example if you hold a 10% of the liquidity pool for the pair of ETH/wBTC then whenever someone swaps using this pair, 10% of the fees for swapping comes back to you.
The rate for the transaction which is set my Uniswap is currently 0.3% which is meant to encourage more people to use this as a service.
Which Pairs are most profitable at the moment ?
At this current moment, it shows that ETH/wBTC uniswap pools would give you a profit of about 6.55% over the next 30 days.
So how can I monitor my income from Uniswap ?
Here is a really good tool to have just to check the pools which are going to give you a return on your investment and also what your current profits are.
Ok, if you are thinking that you would be a multi millionaire overnight then Uniswap may not be for you. The gains are long term and you would expect a gain of about 4% – 8% APR depending on the pairs you are providing liquidity for.
Those pairs which gets swapped a lot are the ones which will be giving you some of the best profits.
How should I decide to be a liquidity pool shareholder?
If you have ETH which is just sitting down somewhere and not doing much, or even if you have BTC which is just sitting down in your wallets. Why not invest in a pool which will increase your volume gradually.
Once the price goes up, you could just withdraw from the pool together with all your earnings and cash out.
More references of Liquidity Pools can be found here, or you can search YouTube for a lot of videos about this
Just yesterday DTube finally after 4 months gave us an update of when their Mainet is going to launch releasing their new coin called DTC. The official set launched date would be on the 10th May 2020 !!!
They have explained in detail as to why the delay and what they are looking at plus some adjustments of how many DTC Coin would be launched. It has been adjusted from 100 million to 4 million … which is a huge jump down.
For those of you who are thinking of investing, do look at some stats which hopefully would tweak your interest more. Where is http://d.tube at currently and how much views is it getting?
Pulling up the charts from Similar Web you can see that d.tube is currently getting around 303k visits per day.
What is interesting is that the average visit duration is about 5 mins per visit. Now thats HUGE !!!! Can’t compare it to YouTube of course as YouTube has been around way longer.
Some of the advantages of using Decentralized Video Hosting sites are as below :-
There is No Censorship as once the video is uploaded, it practically can’t be removed by a 3rd party unlike YouTube where they can just turn off your video without warning. Here is a news which is related to this
No annoying ads which I’m sure you are pretty used to in YouTube or other centralized video hosting sites.
Great of new vloggers , like myself, I host my videos on both YouTube and DTube, however having a small tight community on DTube at this point of time is beneficial as I feel its giving me a chance even though I’m a nobody in the vlogging world.
Get rewarded in Crypto , now this is also a key element … YouTube pays you for advertising ads and you can catch bigger partnership deals once you made like 1million subscribers i guess, however on DTube, you are valued by the content and there are many kind steemians who support you by upvoting your original content.
So if you want to be part of DTube’s brand new relaunch, do check out details of their Whitepaper and perhaps grab some DTC coins. They plan to make DTube more efficient and easier for mass user adoption.
Cheers guys and hope you are having a brilliant day !
After many months of trying and testing and watching youtube videos and researching how its done, I’ve finally managed to receive my very first BAT publishers payment.
Its not huge, nor its something you could quit your day job (if you have one), however its just an achievement for me and it made my day.
A TOTAL OF 14.25 BAT !!!!!
If you quickly take a look at the current market price of BAT and see how much its worth .. well thats a total of $3.15. That’s mostly from my WordPress website and also my YouTube channel which I’ve added in my publisher’s account.
And on top of that, since I’ve set BRAVE browser as my default browser like a month ago. I’m also receiving BAT tokens just by browsing sites and also supporting other sites.
I’m still learning the ropes as to using BAT and start to see the value it can bring to websites who are using BAT pluggins.
So ! If you are already on WordPress and using Steempress , why not just install in the plugin and connect your Brave account. Share with me your link … I’ll go visit it and hey lets all earn a little bit more BAT tokens.
You could use this link if you’ve not already have a Brave account and I would get a little bit more BAT tokens.
For those of you who are more seasoned in BAT, do share your experience and TIPs as I would love to learn more about this token. Like I said, I’m a complete nub at this and still learning it bit by bit.
BRAVE BROWSER FACTS
After using it as my default browser for a month plus already, here are a few things which you may want to know transitioning from Chrome.
You can install and use your web extention wallets such as MetaMask and Keychain . Even though you have a built in crypto wallet, I still choose to use MetaMask as I’m more comfortable with using it and sometimes I do switch over to Chrome and want the seamless ability to do so.
The browser does seems faster and some websites which loads slowly on Chrome seems to be way faster on Brave.
Brave Browsers blocks all these ads trackers and all sorts of other trackers which Google wants to know about your activities. So personally I do feel way much safer.
And most importantly of all, you are able to support authors with the BAT you earn from surfing to brave verified sites and watching ads ( if you allow it ) All of these are done automatically however you can set who you would like to support more.
So, do try out Brave Browser and if you are having a website of your own, just enable the Brave publisher’s plugin and start receiving some BAT tokens.
Cheers guys and have a brilliant day. Use my referral link if you don’t mind me receiving some extra BAT tokens =D =D
Hey guys, I would like share with you an event which is happening at WeWork Equatorial Plaza next Wednesday from 12pm – 2pm. This event is organized by @bitcoinmalaysia which focuses on bringing more awareness to the general public on what Cryptos and Blockchain is.
It would also cover topics on some use case scenarios as to how it has impact businesses today and how some individuals uses it. So if you are in Kuala Lumpur next week, do come join all of us for this meetup just before the Chinese New Year holidays.
Here is the link to signup and its free at this point of time. However seats are very limited.
This event is meant for the most beginners level as in those who wants to get to know about the crypto / blockchain space but do not know where to start. Its purely introductory and there is no selling / promotion of any projects done during any of Bitcoin Malaysia ‘s community events.
Hope to see you all there and have a brilliant weekend
With the Malaysian govt now acknowledging and supporting blockchain and cryptos in Malaysia, there are numerous initiatives and talks starting to ramp up here in the city of Kuala Lumpur.
TECHNOVATION is one of them and looks like 2020 would be a big push for awareness into this space. There is an event happening tomorrow held in Cyberjaya, Malaysia and its featuring Ms Mastura Ishak who has been a strong supporter in the Blockchain space from the very beginning. She is the Program Director of MIGHT ( MALAYSIAN INDUSTRY-GOVERNMENT GROUP FOR HIGH TECHNOLOGY ) who has literally worked behind the scenes of many technology advancement here in Malaysia.
Here is the agenda for Tuesday ‘s event.
If you are here in Kuala Lumpur and would like to attend this talk by blockchain enthusiasts / community drivers and also govt representatives , do sign up.
As I was going through the news today I came across multiple articles that caught my eye. CNN New York had reported that a report issued out by the Bank of America Securities had mentioned that BITCOIN (BTC) was the best investment of the decade.
If you thought about it, if you had invested about $1 in bitcoins at the start of the decade of 2010 and did absolutely nothing … you would literally have about $90,000 worth of BTC at your disposal.
If you looked at other commodities such as gold and silver, it would not have come even close to any of the percentage gains compared to crypto.
I remember buying my ETH at $13 and already considered it expensive, or DASH at $7 without knowing how high it would have gone by the end of 2017. We do wish that we could turn back the clock and bought more BTC, however, this would not be possible unless someone creates a time machine.
So what’s in store for us for this new decade? The 90s was literally the Dot Com era, moving towards 2k where people was focused on web 2.0 and the rise of mobile apps. 2010 onwards was the rise of digital currencies togather with a lot of other great innovations towards Internet of Things.
I think that 2020s would focus a lot on Digital Currencies in terms of stabilization and acceptance. It would also a focus on Machine Learning and also Virtual Reality where perhaps by the end of this decade VR has become so widely used that large virtual cities would actually coexist and the opportunities inside these virtual cities would be a thing by 2030 !
That does sound more like Ready Player One doesn’t it ? Those who were born in the 70s – 80s would have gone thru such rapid changes in technology and we were fortunate to appreciate what it has become today.
I was talking to my kids as to how it was back in the day where we didn’t have handphones. For them .. they just can’t imagine a unconnected world. I wonder how would their world or their kid’s world look like when they grow.
Its a start of a brand new week ! Hope you are having a brilliant one ahead. Cheers
Well 2020 is just starting up and the community of Bitcoin Malaysia has already started to make headways into another year of Education on crypto and blockchain and how it can benefit the average user.
This is an introductory talk about Crypto and Blockchain overall and would love if you came in and join the fun togather with Bitcoin Malaaysia community. The talk would be by @buzz.lightyear and this would be one of the first events of the year.
If you are in Malaysia and want to just join in the “meetup” with both new and seasoned individuals in this space.
Here are just some of the photos from the previous meetups, as Bitcoin Malaysia do not only cover the topic of Bitcoin however it also collaborates with other projects who would like to host and talk about it.
Join the facebook group if you want to stay informed or even join in some of the discussions there. There is about 53k of members there at this current moment
As the clock ticks slowly towards midnight, I would like to take this chance to wish each and every single one of you a blessed Christmas celebration and Happy Holidays. I do hope that you are with your loved ones, friends and family celebrating this joyous occasion.
Have a brilliant brilliant time everyone and may all your wishes this Christmas comes true !
Lots of Love from Kuala Lumpur, Malaysia .. @bitrocker2020