Connect with us

Guides

How Crypto-Anarchy Can Help You To Reclaim Your Privacy, Personal Liberty, and Financial Sovereignty

Published

on

Crypto-Anarchy

Crypto-anarchy may be a scary sounding term for some. However, the only people who should be afraid of crypto-anarchists are authorities who actively seek to limit the freedom of individuals.

In this article, you will be introduced to what crypto-anarchy is and why the tools and technologies that crypto-anarchists use are more important today than ever before.

What is Crypto-Anarchy?

Crypto-anarchy is the cyberspatial realization of anarchism. Crypto-anarchists are people who deploy cryptographic software and privacy-enhancing technology to evade persecution from the state while perpetuating their privacy and financial sovereignty, and political freedom. 

Crypto-anarchy was born out of the Cypherpunk movement, which started in the late 1980s. The Cypherpunk movement started in San Francisco and included figures such as BitTorrent’s Bram Cohen, Blockstream’s Adam Back, Wikileaks’ Julian Assange, Blockstream’s Adam Back, Zcash’s Zooko Wilcox-O’Hearn, and early-stage Bitcoin developer Hal Finney. 

Crypto-anarchy was first publicly propagated through the Crypto-Anarchist Manifesto, which was published by Timothy C. May in 1992.

In the manifesto, May wrote:

crypto-anarchy“Computer technology is on the verge of providing the ability for individuals and groups to communicate and interact with each other in a totally anonymous manner. Two persons may exchange messages, conduct business, and negotiate electronic contracts without ever knowing the True Name, or legal identity, of the other. Interactions over networks will be untraceable, via extensive re-routing of encrypted packets and tamper-proof boxes which implement cryptographic protocols with nearly perfect assurance against any tampering. Reputations will be of central importance, far more important in dealings than even the credit ratings of today. These developments will alter completely the nature of government regulation, the ability to tax and control economic interactions, the ability to keep information secret, and will even alter the nature of trust and reputation.

The State will of course try to slow or halt the spread of this technology, citing national security concerns, use of the technology by drug dealers and tax evaders, and fears of societal disintegration. Many of these concerns will be valid; crypto anarchy will allow national secrets to be traded freely and will allow illicit and stolen materials to be traded. An anonymous computerized market will even make possible abhorrent markets for assassinations and extortion. Various criminal and foreign elements will be active users of CryptoNet. But this will not halt the spread of crypto anarchy.”

It turns out, May was right with his predictions.

What Crypto-Anarchy Can Teach You About Privacy, Liberty, and Financial Sovereignty

As we know from Edwards Snowden’s NSA revelations, Facebook’s misuse of personal user data, and Amazon Alexa’s recording of its users, we are losing our privacy more and more every day. While some argue (with some merit) that we are simply handing it over by sharing too much (easily harvestable) information on social media, intelligence agencies have been spying on citizens and their entire digital lives for decades.

This is something that has always been going on but has only recently been made public when Edward Snowden blew the whistle on the NSA’s global spying program. But despite the public outcry, these spying programs are still being sanctioned by our elected leaders today.

This bleak reality suggests that if you want privacy in this increasingly digitalising society, you need to take matters into your own hands. That is where crypto-anarchy comes into play.

Since crypto-anarchists do not want government agencies or anyone else for that matter, knowing what they are up to they utilise privacy-enhancing technologies to communicate, peer-to-peer networks to engage in commerce and cryptocurrencies to transact.

To surf the web without being tracked, they use the Tor browser. Tor disguises your identity by moving your Internet traffic across different Tor servers so that it cannot be traced back to your IP address location.

To communicate via email, PGP encrypted email services such as Proton Mail are used. Unlike Gmail, Proton does not read your emails. They are end-to-end encrypted, which makes it de facto impossible.

For messaging on the go, encrypted mobile messaging services such as Signal are preferred over Facebook-owned WhatsApp.

To make payments online – you guessed it – crypto-anarchists use decentralised digital currencies such as bitcoin (BTC) and even more so, anonymous cryptocurrencies such as Monero (XMR) and PIVX (PIVX).

These are just a few of the most common tools that cypherpunks and crypto-anarchists use to protect their privacy and to preserve their financial sovereignty.

Why You Should Take Crypto-Anarchists Serious

Now you may be saying to yourself: “Why should I care about crypto-anarchy? This is total over-kill. I don’t engage in political activism nor am I a target for the state.” While this may be true, do not forget that history has shown us how easily the tide can turn and individual liberties can be limited.

Not only has The Patriot Act in the U.S. shown us how willing governments are to spy on its own citizens even if they are not engaged in any criminal activities but the new social credit ranking system that is being implemented in China shows us clearly how our digital data can be harvested and used against us in a heartbeat.

This article is not meant to convince you to “go dark” like you are being chased by the C.I.A. or switch off all your electronic devices and go live in a cabin in the woods so that “the government” cannot get to you.

Instead, the purpose of this piece is to introduce you to the technologies that are being embraced by the crypto-anarchist community that you can utilise to protect your online privacy, reclaim some of your lost liberties and increase your level of financial sovereignty.

Guides

How to Bet with Bitcoin on Football

Published

on

By

With the new football season having started, it’s time to learn how you can bet with bitcoin on your favorite football club. The good news is that many online betting companies now accept bitcoin.

Read on to learn why betting companies love bitcoin and how to bet with BTC on your football team.

Why Betting Companies Support Bitcoin

Since its establishment in 2009, Bitcoin (BTC) has been and continues to be the most popular cryptocurrency, and with good reason. Some of Bitcoin’s most impactful features include:

1. Fast and inexpensive

With bitcoin, it takes a few minutes to send and receive any amount of money. And if you are using the Bitcoin Lightning Network to make payments, transaction costs are a few cents.

2. No third-party interference

Because of its decentralized nature, which makes it impossible for anyone (including governments) to control, you can feel safe to make any payments you want (including to online betting platforms). This also comes with the added advantage of not having to disclose your personal information when making a payment.

3. Supports borderless payments

With Bitcoin’s decentralized nature comes its borderless characteristics. This makes it possible for anyone in the world to be able to send and receive bitcoin payments wherever they are.

Betting companies were among the first adopters of bitcoin because it enables them to reach a broader audience and provide an innovative digital payment option to bettors. From playing a bitcoin slot to betting on any sport imaginable, bitcoin casinos and online betting companies have truly embraced bitcoin.

The credibility of bitcoin as a financial and payment solution is also being felt in the world of football. For example, in April 2021, Southhampton F.C began paying its players bonuses in bitcoin, opening up a whole world of possibility for other clubs to start doing the same.

How to Bet With Bitcoin on Football

Bet with Bitcoin on Football

Betting with bitcoin has proved to be an efficient process for bettors, and betting companies who have embraced cryptocurrency as an efficient payment system.

One of the leading sports betting companies that enables you to bet with bitcoin is Sportsbet.io. So let’s dive in and show you how you can bet with bitcoin on this popular platform.

Betting with Bitcoin on Sportsbet.io

Sportsbet.io is a user-friendly and highly modern betting platform. It has a functional live betting service and is one of the few betting companies that will allow you to bet in bitcoin through a few easy steps.

  1. Register for Sportsbet.io by clicking on the ‘Create an Account’ tab on the top right of the homepage.
  2. Access your wallet by logging into Sportsbet.io. On the top right of the page, next to your balance, click your balance or the ‘Deposit’ button.
  3. Next, you click on ‘Use Currency’ and on ‘Deposit.’
  4. A QR code will appear.
  5. Open your bitcoin wallet, scan the QR code, and choose how much BTC you want to send to your betting account.
  6. You will have to wait for three confirmations on the Bitcoin blockchain for your funds to settle in your SportsBet.io account.
  7. Start betting on your team(s).

Now that we have started you off on your journey, happy betting, and may the odds be ever in your favour!

Continue Reading

Guides

How to Cash Out Bitcoin to Naira Using Cryptofully

Published

on

Bitcoin to Naira

Over the past few months, Nigeria’s central bank has made it difficult for traders to cash out bitcoin to naira, restricting crypto companies from having a Nigerian bank account. But there is now a cheap and efficient way to cash out your bitcoin to naira.

In this guide, you will learn how to convert your BTC to NGN and receive the money in your bank account within minutes using Cryptofully.

Getting Started on Cryptofully 

Cryptofully is a peer-to-peer payments app that allows you to easily convert bitcoin to naira and automatically settles into your Naira bank account.

Using Cryptofully, you can cash out your bitcoin from anywhere in the world into any Nigerian bank account. The platform also supports US dollars and payment options, including Visa, Mastercard, Google Pay, and Apple Pay.

Cryptofully leverages a local network of peer-to-peer (P2P) traders, enabling it to convert BTC to NGN within minutes. With this P2P system, you are not looking for a peer to buy your bitcoin. Cryptofully automatically matches your trade to the best peer and makes it seamless for the user.  

All that’s needed to cash out bitcoin to naira using Cryptofully is to sign up, complete the KYC, add a bank account and convert your bitcoin to cash.

How to Cash Out Bitcoin to Nigerian Naira

You can cash out your bitcoin to your Nigerian bank account using either the Cryptofully website or mobile app. 

Download the Cryptofully App

mobile app

Step 1: Create an account

  1. Get the app on iOS or Android.
  2. Open the app and register with your email address and verify the email address.
  3. Start the KYC process. Visit Profile, click to Add bank, and add your BVN. You can also add your bank account in this section.

Step 2: Cash Out Your Bitcoin to Naira

  1. Type in the amount you want to cash out.
  2. Then choose to send via bitcoin.
  3. On the following page, you can add your bank account details in the recipient field.
  4. On the last page, you can see a Bitcoin wallet address. Send your bitcoin to that wallet address and within a few minutes, the equivalent amount in naira will settle in your bank account. 
  5. Cryptofully matches you to a peer instantly who sends the money to your naira bank account.

Visit the Cryptofully Website

Cryptofully Platform

You don’t need to sign up or log in with any details on the website to start using it

  1. Go to the Cryptofully website at www.cryptofully.com.
  2. Specify the amount of bitcoin you want to cash out to naira. You can use either the Floating Rate or Fixed Rate. The Floating Rate means the exchange rate can change based on changes in bitcoin prices, and the Fixed Rate means you can lock in an exchange rate for your transaction.
  3. The naira amount equivalent you will get in your bank account will appear below.
  4. On the following page, you will see a space to fill in the preferred bank account you want to receive your money.
  5. Then, you will be shown a Bitcoin wallet address. 
  6. Copy the wallet address and do a transfer to the address. The Cryptofully system matches you immediately to a peer.
  7. The peer sends the money and the money settles in your naira bank account.

Since the Central Bank of Nigeria enacted draconian measures against crypto companies, preventing them from having banking relationships, the peer-to-peer bitcoin trade has flourished in the West African country.

Peer-to-peer payment apps, like Cryptofully, are enabling Nigerians to continue using bitcoin for remittances, payments, and as an investment.

Continue Reading

Guides

How to Trade Cryptocurrency on Sikix.io

Published

on

Sikix Dashboard

Sikix is a decentralized exchange that allows users to have full control over their funds while trading digital assets. In this guide, you will learn how to trade cryptocurrency on Sikix.

Opening an Account on Sikix

To start trading on Sikix, you have to create an account.

Here are the steps you will take:

  • Visit the Sikix website
  • Click “Register Account”

Sikix

  • Enter an account name and password
  • Hit “Confirm”
  • Save the seed file to your computer and click “I’ve Backed It Up.” You should store your seed phrase safely because the platform cannot restore it for you.
  • Click the settings icon to verify your email address and phone number

Sikix.io

  • Next, go to “Balance” to deposit crypto or fiat into your account. For instance, if you want to deposit BTC, go to bitcoin on the list, click “Deposit” and copy the address provided. Transfer bitcoin to the address and click “Confirm.” Note that the minimum amount of BTC that you can deposit is 0.01.

Sikix Dashboard

  • Once the bitcoin hits your account, you should see the total balance and the USD equivalent displayed on the balance page.

On Sikix, the most common base currencies are USDT and the Nigerian naira (NGN). You can deposit both of them before you start trading. But that does not prevent you from depositing any of the other supported cryptocurrencies.

Depositing Local Currency to Your Account

To deposit naira, follow these instructions:

  • Go to “Balance”
  • Search for NGN on the list and click “Deposit”
  • Enter the amount you want to deposit. The platform will display the fees and the amount you will deposit.

Sikix Exchange

  • The platform will redirect you to a new page where you will enter your card details. Alternatively, you can use any of the other payment methods listed.

Sikix Trading

  • Once the transaction is complete, you should see your newly deposited funds on the balance page.

How to Trade Cryptocurrency on Sikix

Assuming that you deposited USDT in your account, here is how you can trade on Sikix:

  • Go to “Trade”
  • On the left-hand side of the screen, select a trading pair from the drop-down menu. For instance, you can choose the ETH/USDT trading pair. That means that you can buy ether with USDT. Note that the graph shows how the price of ETH is changing against USDT. You can view this change over different periods.

SIKIX DEX

  • On the right-hand side of the screen, select the green box. This box represents the bidding price, which is the maximum amount that you are willing to pay for ETH. The red box represents the asking price, the minimum price that a seller is willing to accept. You can choose to trade at these levels.
  • Alternatively, you can make your purchase through a limit or market order. The limit order allows you to buy ETH at a fixed price. Conversely, a market order enables you to buy ETH at the best market price.
  • Once you have entered the amounts, click “Buy ETH” to open your order. If you placed a market order, your purchase will take place immediately. However, you will have to wait to get a match if you placed a limit order.
  • When your order goes through, an ETH balance should reflect in your account.

Presently, the exchange supports BTC, USDT, ETH, BCH, XLM, XRP, NGN, and CMT with a plan to add more digital currencies in the future.

Continue Reading

Popular Posts