May 23, 2018

Footy Cash Remote Masternode Setup Tutorial

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Today I will show you how to install a Footy Cash Masternode. Unlike other masternodes, the primary use for Footy Cash is in Fantasy Sports.

This video will show you step by step how to setup a VPS wallet and remotely start your masternode.

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IF YOU WOULD LIKE TO DONATE:
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FOOTYCASH: FHHjidMqnbrmikKZMUMJYjzgXX6wsi424Q
CHC: CPKc6gk5S3zyVgD4yKSoz5M7MQxiuSCupV
BTC: 17HjUU7YqrsAeBCeFPRjqJqmPsSfzszgD4
ETH: 0x1275e5693CC69dB1F3d55D0D346d84fbbEC0dD6c
LTC: LRTPjWzFVfXjbQAAW7BHG5m3p7YPFtdN6J

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SUPPORT THIS CHANNEL:
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You can help support this channel by making your Amazon purchases through this link.
http://amzn.to/2q7uEtV

==============================
LINKS USED IN VIDEO:
==============================

BUY bitcoin: http://fredyen.com/get/Bitcoins
BUY FOOTY CASH (XFT): http://fredyen.com/get/Cryptopia
FOOTY CASH WALLET: http://footycash.com/
VULTR VPS: http://fredyen.com/get/Vultr
PUTTY: http://www.putty.org/

======================
footycash.conf
======================
upnp=1
listen=1
server=1
daemon=1

rpcuser=[CREATE USERNAME]
rpcpassword=[CREATE PASSWORD]
rpcallowip=127.0.0.1

logtimestamps=1
maxconnections=256
mnconflock=0

addnode=syncnode2.footycash.com
addnode=syncnode1.footycash.com
addnode=syncnode3.footycash.com
addnode=seedv2.footycash.com

======================
FOOTYCASH VPS INSTALL
======================

apt-get update
sudo apt-get install libssl-dev

sudo apt-get install make git nano autoconf autogen automake libboost-all-dev libssl-dev libdb++-dev g++ htop libgmp3-dev wondershaper

sudo apt-get install build-essential libcrypto++-dev libqrencode-dev libminiupnpc-dev libgmp-dev libgmp3-dev libtool

dd if=/dev/zero of=/var/swap.img bs=1024k count=1000
mkswap /var/swap.img
swapon /var/swap.img

mkdir footycash
cd footycash
git clone https://github.com/FootyCash/FootyCashV2
cd FootyCashV2
cd src/
cd leveldb
sudo chmod 755 * -R
cd ..
sudo make -f makefile.unix clean && make -f makefile.unix USE_UPNP=1 -j 1
sudo mv footycashd /usr/local/bin
footycashd –daemon
footycashd stop

cd
cd .footycashv2
nano footycash.conf

footycashd –daemon

======================
VPS footycash.conf
======================
rpcuser=[CREATE USERNAME]
rpcpassword=[CREATE PASSWORD]
rpcallowip=127.0.0.1
listen=1
server=1
daemon=1
staking=0
logtimestamps=1
maxconnections=256
rpcport=17018
externalip=[IP ADDRESS]
bind=[IP ADDRESS]
masternode=1

masternodeprivkey=[MASTERNODE GENKEY]

======================
Create Masternode
======================
Alias= [WALLET NICKNAME]
Address= [IP ADDRESS]:17018
PrivKey= [MASTERNODE GENKEY]
TxHash= [TRANSACTION ID]
Output Index= [TRANSACTION INDEX]
Reward Address = [WALLET ADDRESS]
Reward %= 100

======================
USEFUL COMMANDS
======================
masternode genkey
masternode outputs
footycashd –daemon
footycashd getinfo
footycashd stop

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CONNECT WITH ME
===============================
WEBSITE: http://FredYen.com
INSTAGRAM: @FredYenDesigns
SNAPCHAT: @FredYenDesigns
FACEBOOK: @FredYenDesigns

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October 17, 2017

Russia to Issue First State-Backed Cryptocurrency ‘CryptoRuble’

Russia has announced plans to launch a nationalized cryptocurrency called CryptoRuble, citing competitive advantage by being the first of its kind in Europe, and as state-controlled digital money in the light of an increasingly digital economy.

Russia has announced, via communications Minister Nikolay Nikiforov, that the country will begin experimenting with a nationalized cryptocurrency. Exact facts are scarce, and most of the information comes directly from quotes from Nikiforov, although it is believed that once the CryptoRuble is introduced, all other cryptocurrency mining for coins such as bitcoin will be banned. That Russia is taking these steps indicate a pressing need for governments to somehow financially oversea and realize returns from the digital economy.

After a recent closed-door meeting, Nikiforov stated:

I am so confident to declare that we will run CryptoRuble just for one simple reason: if we don’t, our neighbors in the Eurasian Economic Community will do it in a couple of months.

A Taxable Currency

The Russian government has made it clear that if a CryptoRuble owner cannot account for where they got it, they will be subject to a 13% tax. The online economy has made it difficult and a concern for governments to collect taxes on an increasing digital sales industry.

“When buying and selling a CryptoRuble, the rate will be 13 percent from the earned difference. If the owner cannot explain the reason for the appearance of his CryptoRubles, when converting them into Russian rubles, the tax for him will be 13 percent of the total,” Nikiforov said.

Online Reception

Online reception to the news has been mixed, with some claiming that it is simply “digital fiat” as opposed to a true cryptocurrency. Others see it as a shrewd move, capitalizing on what could become a trend for the rest of Europe.

cryptoruble is to #Bitcoin as AOL was to the Internet

restrictive, centralized and already obsolete in terms of tech

— Allen [#NO2X] Scott (@allenscottoshi) October 17, 2017

//platform.twitter.com/widgets.js

Reddit user JeremyBF commented:

Wow, is there a legit source for this? I expect all governments to eventually do this, but this fast, awesome. This is actually great for bitcoin. Let the governments educate the people on the advantages of cryptocurrencies, the learning curve into bitcoin is then nearly complete!

The Russian move seems as much a response to engaging with the digital economy as it does to countering any competitive threat bitcoin might pose.

In the words of Nikiforov:

This mustn’t be a private currency, but the one, which is issued by the state, controlled by the state and enable to provide circulation of digital money in light of the digital economy.

Could a nationalized, centralized, government-controlled cryptocurrency work? Let us know what you think in the comments below.

Images Courtesy of Pexels, Wikimedia Commons

The post Russia to Issue First State-Backed Cryptocurrency ‘CryptoRuble’ appeared first on Bitcoinist.com.