Crypto News March 6th, 2018


Today’s article is Coinbase Hit By Two Class Action Lawsuits, One Alleges Insider Trading.

I bought my first Bitcoin on Coinbase, and I am sure many others did also. I was fortunate enough to move almost all of the BTC off of the exchange before 2017, before Coinbase decided to provide the government with people’s financial information. I have never personally had any issues with Coinbase, but at the same time it is obvious with this, and other exchanges, if you don’t want your information shared, then centralized exchanges are not the right option for you.

Fortunately, new decentralized exchanges are in the works and we will have more options in the future in this fight against government control over our lives.

I remember conversations in more than one Slack channel when it was obvious digital currencies were suffering from insider trading and price manipulation, but there was no recourse. This is still going on today, but in most cases there is nothing that can be done about it. For the most part, throughout 2017 everyone was profiting, so nobody was too concerned except when it directly affected their holdings.

In the article above, it appears there are some people who are going to challenge this manipulation, and it is the right thing to do. Regardless of the outcome, hopefully it prompts others to think twice about doing the same in the future.

I would be surprised if crypto exchanges like Coinbase continue to operate in the Unites States in the future. There is less regulation outside of the US, so exchanges there will have the advantage of not being forced to pay the court costs to defend themselves. Once exchanges do become decentralized, there won’t be anyone to take to court. I imagine it will all be handled much like stocks and bonds are today, as part of a financial portfolio controlled by banks. Freedom from unnecessary fees is part of the digital financial revolution we are all involved in, but many people will still pay for someone else to handle their finances.

We are still in the early stages of the revolution though, and regulations are only now starting to be created. Allegations like insider trading, and the publicity this receives, will be used by the government to convince the general public more regulation is required. The more evil the-powers-that-be can make it appear, the more easily they can take control of it.

I suppose there will be a place for everyone in crypto though. If you want to remain anonymous, the tools and coins will be available to you. If you want to simply use digital currency as an investment, those tools for you will also be available. It is an interesting time. I look forward to watching the evolution, and just pray in the end some of the freedoms we are seeking will actually still exist.

Thanks for reading! I am the creator and moderator of the Crypto_Currency_News subreddit. Each day I invite the world to post links to their favorite Bitcoin and crypto related articles. Please join me there.

Crypto News February 28th, 2018


I am the creator and moderator of the Crypto_Currency_News subreddit. Each day I invite the world to post links to their favorite Bitcoin and crypto related articles. Here I plan to give my thoughts on popular articles I have opinions on.

Today’s article is Make Money with a Masternode While You Sleep.

I have run Masternodes in the past without really understanding the purpose, so when I saw this article posted I decided to dig a little deeper to help deepen my understanding. The article gives a basic overview of the functions Masternodes perform. The definition I liked was…

“A Masternode is a server on a decentralized network. It is utilized to complete unique functions in ways ordinary nodes can’t. It can be used for features like direct send, instant transactions or private transactions.”

For me, I needed to understand without full scale modifications, there are limitations to what the basic blockchain and associated wallets can achieve. For this reason Masternodes employ code to plug additional functionality into the network, and reward the people running these nodes with coins in return.

PIVX is a coin I have Masternode experience with. It uses the Masternodes to make transactions on its network private from prying eyes. In a basic blockchain you can use an explorer to track the origination and final destination of coins, but with PIVX Masternodes this becomes impossible. This is just one example of how they are used.

People sometimes pay to use a Virtual Private Server (VPS) to host their Masternodes.  I asked someone the reason for this a few days ago. When you run a Masternode on your own system, it broadcasts your IP address to the Network essentially announcing to the world you have digital currency. The VPS eliminates this. Also, the best guides for Masternode setup I have seen are written from a Linux perspective using a VPS, so the documentation available to set these up is readily available.

On the negative side for VPS, when there are updates or disruptions to their system and it goes down you are not in control to get it fixed. You have to wait for someone else to get to it. This was frustrating for me.

Check the article for links to a list of Masternode coins if you are interested in giving one a try. There are many to choose from.

Thanks for reading!

Crypto News February 23rd, 2018


I am the creator and moderator of the Crypto_Currency_News subreddit. Each day I invite the world to post links to their favorite Bitcoin and crypto related articles. Here I plan to give my thoughts on popular articles I have opinions on.

Today’s article is Why I Support MoneroV as a Crypto-Dividend.

For anyone who does not know, There is a fork planned for the Monero Blockchain called MoneroV. The airdrop for XMR holders at the time of the fork will be 10x MoneroV coins for each Monero coin.

I just wanted to relay a few brief thoughts not necessarily related to this specific fork, but Digital Currency forks in general. I am not a huge fan of Monero and do not own any because I have seen the face of Monero, and it is just not for me. I do own other privacy coins.

I think there are two factions in the crypto world. The first thinks innovation should be profited from… their view is if a new innovation comes out for a currency, that currency should profit from it, and should not share it.

The second faction, which I am a member of, believes technology advancements should be shared by all. By making source code open-sourced, anyone can copy and implement it for their own uses. This has been a basic idea behind most digital currency code until recently when the technology suddenly became extremely valuable. The greed versus good battle is becoming more prevalent and people are holding back their innovations.

What I find hard to believe is how every time one of these forks happen, whether for BTC, LTC, XMR or any other currency, people get so upset about it.

Look, if you are running a project and putting your hard work out there for others to see, and you are going to be angry if someone takes it and makes a copy, then don’t put it out there. Hide it away and patent it. If you are in the Monero community, and you are mad at MoneroV, don’t go to the MoneroV boards and scream about it… go to FluffyPony and complain to him for making the code available.

Nobody on MoneroV’s project team stole the code or is doing anything illegal to get it. They think they can create a better version of Monero… and if they succeed everyone should be thrilled. If they don’t succeed, oh well. One thing is certain, there will be another fork at some point in the future by someone else who thinks they can do better as long as the source code and blockchain are available.

If you hold XMR, you get MoneroV when it comes out. If you want to send it to someone who will appreciate it after it is distributed, I will be happy to give you an address to send it to. Just contact me at

Crypto News February 21st, 2018


I am the creator and moderator of the Crypto_Currency_News subreddit. Each day I invite the world to post links to their favorite Bitcoin and crypto related articles. Here I plan to give my thoughts on popular articles I have opinions on.

Today’s article is Bitcoin Will Be a Daily Currency According to PayPal’s CEO.

It is a short article taking what was said completely out of context and using it to attract people to view it. As a result, it is the most popular article of the day in the subreddit. I think sometimes people just upvote the sentiment and don’t read. The actual quote from the CEO, John Rainey, was…

“The technology, there is a real merit to it. I do think, though, it will be years down the road before we see the kind of ubiquity and acceptance that make it a form of currency that is used every day.”

So I think we, as crypto enthusiasts, already knew digital currency would be used for daily currency in the future, or at least we are expecting it to be. If not, I am going to have a whole lot of useless coins to my name.

What I think will see is wallets which can be used to store many coins, maybe a hardware wallet like Trezor, or a mobile wallet application, being accepted at stores and websites more readily. In B&M retail stores they may even incorporate the same kiosks used today as Visa & Mastercard see an opportunity to make a profit. KeepKey was bought by ShapeShift and we could see the incorporation of these two technologies happening soon.

I imagine the first ones will work much like the BTC debit cards today, where the coins are actually converted to cash first, then used to make the payment. As it evolves, some digital currency should actually be accepted by merchants. I think there is one important evolution keeping this from happening any time soon, and that is the volatile prices of these currencies.

There are many EBay-like digital currency projects being worked on at the moment. I have experimented with BitBay in particular, and from what I have seen, few people are going to put up their items up for sale when the price of Bitcoin is high, and few people are going to buy items when the price of Bitcoin is low. Working out a way to keep the prices from being so volatile will be an important step in having the world accept these currencies. BitBay is actually working on this problem with their pegging enhancement. We will see how it works out later this year.

I am also anxious to see if digital currencies get regulated out of existence before being accepted as a currency. It is another concern we will have as holders. Best of luck to us all!

Thanks for reading.

Crypto News February 19th, 2018


I am the creator and moderator of the Crypto_Currency_News subreddit. Each day I invite the world to post links to their favorite Bitcoin and crypto related articles. Here I plan to give my thoughts on popular articles I have opinions on.

Today’s article is Wyoming Senate Bill Proposes to Exempt Cryptocurrencies from Taxes posted at

For those of you around the world unfamiliar with Wyoming, it is a state in the central-western United States and is sometimes known for promoting freedom from an over-reaching federal government with its laws. People there would generally prefer to live by the ideas and statues defined in the Constitution of the Unites States than by the system we have today.

This proposal does not mean the citizens would be free from Federal government taxes though. The basis of this article is the introduction of a bill relieving residents of Wyoming from paying state income tax, currently between 4% and 6%, on Crypto-currency gains. The Federal government will still expect to receive their share, which is generally much higher and can reach over 40%.

I find it ironic the government does not recognize digital currencies as currencies, but still expects people to pay taxes in US Dollars when the value of these non-currencies goes up. Is it a currency? I guess it depends who you ask…

Arizona, another western state, recently pushed a state bill to let people pay taxes with crypto. I personally don’t mind paying taxes if that is the law, but I should be allowed to pay them in the cryptocurrency profits I am being taxed on. Again though, they can only control Arizona state taxes. Federal agencies will not allow crypto payments.

I think it this is an important article. The more acceptance Bitcoin and other digital currencies see, the more likely they will have more value in the future. It is important for both state governments and others around the world to push these types of forward thinking laws until the powers-that-be have to address the reality of the existence of these new currencies.

How To… Use Bitcoin To Vacation In Las Vegas


So, you’ve taken a huge gamble buying Digital Currencies, and are in the mood to see if your luck continues? I have a great idea. Why not travel to Las Vegas using Bitcoin? This year I decided to see what it was like to be in Vegas on New Year’s Eve. Here is how I used BTC to pay for all of my major expenses.

One of the easiest ways I have found to use Bitcoin is by buying Gift Cards. I wrote a short guide for this earlier called ‘Buying Gift Cards Using Bitcoin.’ The tips below outline the uses for different types of cards you can purchase making the trip to Las Vegas a reality.

I purchased gift cards for my flight on Delta from NewEgg Gift Cards. NewEgg is nice because you can buy Gift Cards there using BTC without using Coinbase or another exchange. Be aware though… it is not widely known there are limits on their Gift Card purchases. For example, you can purchase up to $500 in Delta Gift Cards every 48 hours. If you try to purchase more than the maximum (like I did), they refund your BTC payment via Site Credit to your account, which cannot be used to buy Gift Cards.

Other Airlines are also available on NewEgg, such as American Airlines and Southwest.

There are few hotels accepting Bitcoin directly in Las Vegas, but when you consider using Gift Cards you can have your pick.  The Golden Nugget downtown has Gift Cards available on I already had plans to stay at the Golden Nugget with other family members, but you may be interested in staying at another hotel on the Las Vegas Strip. To do this, buy a Gift Card from Gyft or NewEgg. This will give you unlimited options on where to stay. is where I have started buying most of my gift cards. It has the huge advantage for me of selling actual Gyft Gift Cards which can be redeemed for any other card on their site (including Amazon & EBay). Using this I don’t even have to know what I will need a gift card for. I can just carry the balance around and whenever I go somewhere Gyft sells cards for, I can create a Gift Card on my phone and use it. The downsides of buying on Gyft is you have to go through Coinbase, there is a $500 limit per day, and you have to have your security settings on Coinbase turned off. Every time I add to my balance on Gyft, I turn my security settings on Coinbase to ‘none,’ then turn them back on after I am done buying. You can also use BitPay instead, but it is a bit more expensive for each purchase and I am not familiar enough with how that interface works to explain how it is different.

There are many options for meals in Las Vegas using Gift Cards. I will be trying a 5-Star steak house called Vic & Anthony’s. Many restaurants are represented on both Gyft and NewEgg including Macaroni Grill, Cheesecake Factory, McCormick & Schmick’s, Morton’s Steak House and Red Lobster. Check out the many options on the Gyft Restaurant List and NewEgg Restaurant List.

Getting around Vegas became possible when Uber was added to the lists on both sites. Skip the crowded, slow and noisy bus rides to get back and forth from the airport, or wherever you are going.

Gambling with BTC is not currently an option. To get some cash there are Bitcoin ATMs scattered around Las Vegas. The list of locations and fees at each is always changing, so you may want to Google to see if you can find one that works for you. The latest list I found included…

  • 76 Gas Station (3965 E Charleston Blvd)
  • 76 Gas Station (4708 W Charleston Blvd)
  • 24/7 Xpress
  • Champagnes Cafe
  • Country Club Auto Spa
  • Deja Vu Love Boutique
  • Deja Vu Emporium
  • Jackson’s Bar and Grill
  • Mini Mart Smokeshop
  • Mr. Bills Smoke and Cigar
  • Nexus Insurance
  • Rocket Fizz (Summerlin)
  • Sin City Vapor III
  • Sky Liquor and Dairy
  • Tac Boutique

I hope you have a great time. I have been to Vegas eight times now and always enjoy the vastness and excess to be seen there.

Appreciation is always appreciated…

Nexus Address: 2QhtYp7zm2DYt89t9bWEiJgs664qBVVhpTP1CyqqdgWtPgyt45b

Bitcoin Address: 1EPyFDbRtfxMvpAhCyXBH2xwMuJ77Wwb41

A Behind the Scenes Look Into Micro Cap Crypto Reviews


What? Huh? How did you get here? This page is not linked anywhere on my site. If you are here to steal all my secrets you can freely have them. If you were looking for the main Review page, follow the link below…

If you really wanted to know more about me and what I am doing here, read on.

I am known as @spaid in slack. You can regularly find me in the Nexus Slack #trading room complaining about spam and people who fomo and make more BTC than I do. I get a lot of ideas for the coins I review from in the trading rooms as people ask about different coins. I also moderate the Crypto Currency News Reddit where I attempt to provide any relevant crypto news on a daily basis. In addition, I write announcements and articles for various coins, and put together the Nexus Newsletter each month.

There is nothing magical about what I do when researching. Anyone can do it with a little time and effort. What I hope my reviews accomplish is putting all the important information in one place so you don’t have to search when making the decision to invest or not.

When looking at a recommended digital currency to see if I am going to write about it, I start by going to to see the current market cap. I generally will not consider reviewing a coin worth over 1000 BTC, though some I have reviewed, such as EMC2, have now eclipsed that number since I reviewed them.

The next link I always visit is the Bitcointalk Announcement. Many altcoins have their most detailed explanation and all of their links here. Even before I start reading the description though, I go all the way to the last page to see if there is any recent activity. I am not interested in reviewing any dead coins, and activity here, especially activity by core team members, means something is happening. Most low cap coins fail this test, and it is rarely worth my time to look further.

If I find some recent activity I start reading about the coin to see what they are up to. I also visit their Slack to see how many people are there and if they are passionate. I was in PIVX early, and the enthusiasm in their Slack during the early days was electric. You just knew nothing could hold PIVX back when you were there.

Then I start putting the review page together. I have been learning as I go, and the newer reviews contain more information than the old ones. The summary and recommendation just come off the top of my head. I don’t think anyone reads them anyway… and for that matter, nobody will probably ever read this!

If you enjoy what I am doing here and just want to say hi, come by the Nexus Slack and look me up, or fill out the Contact Form and send me a message. I don’t solicit donations and tips here, but I won’t turn them down either if you appreciate the hundreds of hours that have gone into this site. You will have to ask me for my BTC address though. I don’t want to post it here.