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Bismuth - No ICO, No Premine and First Python Coin! by kingscrown

View this thread on: hive.blogpeakd.comecency.com
· @kingscrown · (edited)
$215.53
Bismuth - No ICO, No Premine and First Python Coin!
Lately we have loads of ICOs, many good and many crappy ones. Theres literally 100s of them and when i find something worth im trying to post about it.

But now this is another case. Bismuth is a fully new chain, build on Python, the coin had fair launch where people could mine it (and its still mineable), had no premine and just rocks as a concept. 
![](https://steemitimages.com/DQmYiG3Yq2JyQ94VmQxxuA6iM8NHpbUu51yhGHtDtaP6hxf/image.png)
## What is Bismuth ?
https://i.imgur.com/k2Nwcin.png
So the dev (who is in crypto since long time) looked at all coins, took what was best in them and recoded everything from the ground with his base idea.
> Bismuth is a decentralized transaction platform focused on modularity and open source approach. It comes with default decentralized applications and tools out of the box, not only to be used by everyone, but also to be hosted by anyone. These applications are supplied as interpretation engines, which prevents blockchain bloat. Inspired by Satoshi’s whitepaper, Bismuth also offers optional hyperblocks as a pruning mechanism, a system which greatly reduces disk space usage and increases execution speed.

On-chain messaging and data storage is available in both public and encrypted forms. Together with Tor support and transaction mixing decentralized application, Bismuth offers top-of-the-line privacy features.

## Technology
https://i.imgur.com/i3vMpE8.png
So to note TOR is already implemented by proxy, it has Decentralized Applications creation option, right away there is free dAPPS to use: casino, pool, transaction mixer (for anonymity).
https://i.imgur.com/F7Fhbx0.png

## Trading
<a href="http://fuk.io/cryptopia"><img src="https://i.imgur.com/vNpLztc.png"></a>
I was looking at this coin since some time but until trading began we couldnt know how its gonna be, especially that codebase is new. **[Cryptopia for now](http://fuk.io/cryptopia)** is the only exchange capable of adding it and seems floor is at 20 000 satoshi right now - which looks cheap for fully new code-wise coin and concept.
Chart also looks not bad.
<a href="http://fuk.io/cryptopia"><img src="https://i.imgur.com/Ai3VlkA.png"></a>

## Find Out More and Test
More info is on their website - http://bismuth.cz/
There is Windows and Linux wallets + online wallet.
If you want to test the network with a transaction you can try on my addy - 05a7c02546d24056d409c6d8c985190698014d98973337740869f5c9
and yes this is how addresses look like on this chain. I really like the project and i hope we will see less ICOs and more fair launches in future of crypto!

<table>
  <tr>
    <th><h1> Follow, Resteem and VOTE UP <a href="/@kingscrown">@kingscrown</a> creator of <a href="http://fuk.io" rel="noopener">http://fuk.io</a> blog for 0day cryptocurrency news and tips!</h1></th>
    <th><img src="https://steemitimages.com/0x0/https://media.giphy.com/media/3ohzdPbKlUFVsmGpq0/giphy.gif" /></th>
  </tr>
</table>
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vote details (821)
@a1sa ·
very nice...
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@ahlawat ·
Bitcoin top
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@amratesh ·
$0.16
This looks promising from a dev point of view.
The rest is up to the market adoption now. I'm all for free and fair token distribution. 
This looks hot. Let's steem and resteem it. ;)
(I'm new here do people say that?)
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vote details (8)
@chdeep ·
Decentralized currency is definitely a boost to the economy and for self earning. What concerns me is the governments.  As they are used to centralized systems.  Do the government have the power to ban such currencies completely?  Requirement of mining hardware requires initial good investment though
πŸ‘  
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@amratesh ·
They do not have the man-power to stop cryptos and Decentralized apps. They would have to raid EACH node (Miner) on the network, SIMULTANEOUSLY. 
For this they will need a person at everyone's house, at a specific day/time. Which is impossible. Yes there will surely be some conflicts when the Governments try to come up with new ways to make money.

But at the end of the day, its up to the people, whether of not they want to use cryptos/dapps/DAOs.
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@cloudbender ·
You mean the same government(s) that can't even stop drug trafficking, money laundering, prostitution, etc.?
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@ninnek ·
Goverments (i'm primarily speaking from EU point of view) are actively working on ICO - BC regulations. The lack of correct financial instrument or financial definition is letting ICO's blossom in status quo atm, but this will change in couple of months.
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@kingscrown ·
Haha people say many thing :) Thanks for resteem!
πŸ‘  
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vote details (1)
@amratesh ·
You're welcome
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@ancap47 ·
$0.10
Why is this tagged "Bitcoin" when it is nothing about Bitcoin?
πŸ‘  
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vote details (1)
@amratesh ·
$0.10
It's tagged Bitcoin so that you could find it easily. 
And you're here now. And now you know about Bismuth. You should be thankful I guess.
πŸ‘  , , , ,
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vote details (5)
@kingscrown ·
also it trades vs BTC mostly :)
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@fundraiser ·
how would i resteem this post please.. am kinda just getting in here, would not use the word "new" hehehe
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@androniko ·
Great coin!!  Love python
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@anupbose ·
Download Free Bitcoin Spinner. Earn Bitcoin for FREE! https://coinspinner.me/c/DPTLOB
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@anyx · (edited)
$11.54
A lot of people might not realize the significance of a coin implemented in python. It's one of the first languages that programmers learn on, and for good reason: it's extremely accessible and easy to use.  People don't write bots here on steem linked directly into the codebase.. what do they use? Python. Cheetah? Written in python. 

I can definitely see good things in the future for python blockchains due to how accessible they will be to users, contract writers, and programmers. A lot of devs just copy paste the codebase of other coins and aren't familiar with the inner workings, but a full python implementation is extremely interesting. 

Scripts and contracts right into the code. That plus no ICO? Definitely worth a look...
πŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
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vote details (30)
@anupbose ·
Download Free Bitcoin Spinner. Earn Bitcoin for FREE! https://coinspinner.me/c/DPTLOB
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@bcboilermaker ·
$2.76
I made nice profit mining Bismuth!
πŸ‘  , , , ,
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vote details (5)
@coingirl ·
Is it possible to mine it using my Macbook Pro?
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@freshstuff ·
First time heard of  bismuth ,I should check them out πŸ™‚
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@lykkejay ·
Can you post an article regarding mining Bismuth?
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@shweyaungmyanmar ·
$1.30
[:::  ^  :::](https://steemit.com/philosophy/@shweyaungmyanmar/where-is-your-stability-thng-yae-tnyyangimm-thny-mnythny-enyaa-yawithnny)
πŸ‘  
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vote details (1)
@brensonttt ·
Python is a great programming language! I'm glad that it became more often used in the field of blockchain and cryptocurrency.
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@bromedya ·
Hi dear steemit user, im steemit writer and developer. Please support me. Best regards.
πŸ‘Ž  ,
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vote details (2)
@dv8 ·
Except the issues of thorny scalability and speed... Not to bomb, just wondering how they solved that.
πŸ‘  
properties (23)
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vote details (1)
@anyx ·
Most blockchains are not designed for speed, they are designed to be robust. You think 10 minute block times on bitcoin is fast? 
Actually, even better; do you think 3 second block times on steem are fast?

Depends on your perspective. To us humans, 3 seconds is quite speedy. **To a computer, regardless of programming language, 3 seconds is eternity**. Python could handle 3 second blocks fine, assuming the programmer doesn't insert a time.sleep(3) in there somewhere.  It might take a naive python implementation 200ms to process a block, where a C implementation can do it in 10ms. In the grand scheme of blocks, not a big issue. 

We're limited by the speed of light distributing a block far sooner than we are at processing blocks on a machine. So in my mind it's a non-issue for blockchain style consensus model. Unless something is really wrong.
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@geeekgirl · (edited)
btw, just curious,  anyone knows what the the most commonly used language among all the coins currently out there? C ?
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@gomain ·
$0.06
Agreed -- I've just discovered Bismuth, and the fact that it's written in Python is very attractive.
πŸ‘  
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vote details (1)
@steemrail ·
At the End of  this year in concurrency, one of the biggest and first ever coin called Bitcoin will go up to near $26000 because it  is quite predicted and chances are going in favour of this prediction because this is 2nd 4 years count according to the creation of bitcoin.
πŸ‘  
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vote details (1)
@aqbayli ·
great post , keep the good work bro
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@arcange ·
Congratulations @kingscrown!
Your post was mentioned in the [hit parade](https://steemit.com/hit-parade/@arcange/daily-hit-parade-20171005) in the following categories:

* Comments - Ranked 6 with 94 comments
* Pending payout - Ranked 5 with $ 241,6
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@arvind18 ·
very usefull information i would like to get more information on this
properties (22)
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@ashik17 ·
be cautious in investing
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@basqui ·
It's one different coin from other icos coming out everyday. I think ill invest into it in the near future
properties (22)
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@bilqis07 ·
Hello @kingscrown please vote me and follow me @bilqis07 please
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@bitsignal ·
$3.80
Check out the Bismuth documentation at http://bismuth.cz/doc/
πŸ‘  , ,
properties (23)
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vote details (3)
@pfa ·
$1.65
thank you for the documentation
πŸ‘  , ,
properties (23)
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vote details (3)
@crypo.lovr ·
$1.91
wow,  this one looks really nice. good  to see a python blockchain
πŸ‘  , ,
properties (23)
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vote details (3)
@blueorgy79 ·
May God Bless you and good luck on your future endeavors..
Would follow, upvote and resteem your post.. thank you
properties (22)
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@boykarim ·
Lest Make More money!!
properties (22)
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@braxton101 ·
The chart is not to bad I am just wondering where the moon is on that chart. I can never see it.
properties (22)
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@buckydurddle ·
Thanks for this @kingscrown. I am new to crypto and still in heavy reconnaissance mode. Getting information like this is very valuable. Great info. Thanks
properties (22)
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@bukuelah ·
very useful, I do not know about decentralization and volatility, so interesting you describe so that I understand now, thank you@kingscro
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@cloudspyder ·
I think I should mine it while the difficulty is low.
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@crypto-success ·
data storage ? mmm interesting
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@cryptowhalecall ·
Looks like a nice coin. Might buy some of it! Thanks for the recommendation.
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@darius1993 ·
That is indeed a very interesting post. Thank you @darius1993
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@dexterslove ·
Great info
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@drotto ·
<p>This post has received a 3.13 % upvote from @drotto thanks to: @banjo.</p>
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@eazyh ·
$0.85
I will research this more. thnx for the heads up
πŸ‘  
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vote details (1)
@brensonttt ·
good idea. Need more detail info.
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@eliel ·
Yes, that's good news, i hope that will make with ruby too.
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@elizahfhaye ·
$0.03
Currently, ICO's were flooding and sprouting everywhere like mushrooms and im confuse which is which to invest. So i decided to just concentrate steeming since this one is already tested and having a strong foundation. And whether we like it or not it is growing everyday. 

Anyway, thanks @kingscrown for such informative article about ICO's and im following your next article since i learn so much from you buddy.
πŸ‘  ,
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vote details (2)
@mohidulislam ·
Good thank you very much
πŸ‘  
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vote details (1)
@freezeday ·
Great coin, at least from this article i get this idea. I know python language, and looks like very cool and inovation in crypto currency area. Thank you for the post.
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@futureeternal ·
$0.26
Always love your posts @kingscrown and the 20,000 satoshi is quite cheap especially when you can get it for free using faucets. Not harm in trying and no loss especially when using the information you gave and how to get free satoshis. I will give it a try and that will be my first trading experience.
πŸ‘  , , , , , , , , , ,
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vote details (11)
@g-dubs ·
$0.12
Interesting, thanks!
πŸ‘  ,
properties (23)
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vote details (2)
@iccoin · (edited)
i think there are over 1100 coins out right now
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@jdegraaf ·
Promising coin indeed! I now using my 2 VPS servers (which also act as nodes for HEAT) to mine, so without any further investments I do get some BIS already.

For the ones not yet aware: One of the community members in HEAT, has created a gateway on the heatwallet as well in order to facilitate trading in BTC/BIS and HEAT/BIS. This can be seen on coinmarketcap as well, with about 5-10% of all BIS volume on the Heat exchange now.

Relevant links to start trading BIS at HEAT AE:
[Heatwallet.com](https://heatwallet.com) > Heat AE site
[Heatnodes](https://heatnodes.org) > Community member (GH2) site
[BIS trading at HEAT AE guide](http://heatnodes.org/wp-content/uploads/2017/09/bis-heat-ae.pdf)

Try it out!
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@jon24jon24 ·
Thanks for the information. I learned a lot!
πŸ‘  
properties (23)
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vote details (1)
@jonathanxvi ·
$0.07
Interesting, thanks :)
πŸ‘  
properties (23)
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vote details (1)
@jonbristol ·
This having no premine is especially interesting, it speaks well to the intention of the developer(s) behind it.

As with any coin and the chain behind it, a certain amount of caution must be exercised. But from the looks of I wouldn't mind expanding my portfolio to include a bit of it.
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@jovi ·
Good info! I upvoted and resteemed, pls
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@khaaaarl ·
$0.37
Many thanks for this article, I'm really glad people like the concept

There is one thing I'd also like to mention especially here on Steemit. 
Recently there has been quite a lot of discussion about [Smart Media Tokens](http://google.com)

We're planning to implement similar feature into Bismuth:

*The initial 2017 roadmap has been almost completely finished and updated in Septemberβ€Šβ€”β€ŠBismuth will have it’s own on-chain language, which will enable generation and transfer of secondary tokens for everyone, and eventually execution of smart contracts as we know them.*

Here is an [interview with lead dev](https://medium.com/@Panama_TJ/cryptointerview-with-tezosevangelist-b45cbb72e414) .

Cheers
πŸ‘  , , , ,
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vote details (5)
@booster ·
<p>This comment has received a 0.49 % upvote from @booster thanks to: @khaaaarl.</p>
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@kickup008 ·
Wow! seriously your post are  really greatful post.
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@kimaster ·
I checked about this coin and it looks realy interessting. Today it has a price around 0.84$ and is on rank 299 in the coinmarketcap. Maybe in future we will see more coins which are build on Python. What do you think?
πŸ‘  
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vote details (1)
@lykkejay ·
![](https://steemitimages.com/DQmcbFXeUTTMRXEuUSwTbG1NnbF2f3p7i51ShMCoAnyZBM3/image.png)
It looks like it's a good project, but why their official website not secured?
![](https://steemitimages.com/DQmQPbhUfKXNqhmzTZPrjvbnQjNh4yqtHtqwUmkXKYBEsfz/image.png)
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@braveheart22 ·
yeah good question , I want to know too
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@malekalmsaddi ·
$0.98
That’s interesting
πŸ‘  
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vote details (1)
@minnowsupport ·
This post received an upvote from MSP3k.com
This post received a 20% vote by @minnowsupport courtesy of @charmer from the Minnow Support Project ( @minnowsupport ). [Join us in Discord](https://discord.gg/tuJsjYk).

Upvoting this comment will help support @minnowsupport.
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@mithuj ·
that was a exclenant post...thanks for information...,
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@mohammedfelahi ·
$0.28
be cautious in investing
πŸ‘  , , ,
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vote details (4)
@kingscrown ·
$2.81
you dont have to invest, you can ie mine it, its CPU based
πŸ‘  
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vote details (1)
@chdeep ·
Will it also need extra mining hardware like bitcoin needs.  Is it possible to mine with pc?
πŸ‘  
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vote details (1)
@mohidulislam ·
Why is this tagged "Bitcoin" when it is nothing about Bitcoin?
πŸ‘  
πŸ‘Ž  
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vote details (2)
@muneerahmed ·
Excellent write up! Thanks so much for giving Steemit a fair shake on such a popular website like Wired. We definitely need more publicity like this.
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@nanogivers ·
would this be possible to do with an apple computer?
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@kingscrown ·
apple is linux and can run python easily so im sure its possible but im not skilled enough to help :)
πŸ‘  
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vote details (1)
@nanogivers ·
thank you for your response, I will look more into it. thanks for your post!
πŸ‘  
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vote details (1)
@natureisamazing ·
Looks cool anyone here going to mine it?
πŸ‘  
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vote details (1)
@neohodler ·
$0.05
I don't like all the broken links on the site. Not a good sign.
πŸ‘  , ,
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vote details (3)
@ntony ·
Great, but only available on Windows.
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@bitsignal ·
Bismuth does not support Windows 7 but Windows 10, Linux and Mac.
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@khaaaarl · (edited)
No, it works under all systems. 
It is very linux friendly and there are lot of good guides.

Here is comprehensive resource list.

https://www.reddit.com/r/cryptobismuth/comments/73myat/comprehensive_list_of_resources_for_the_bismuth/
πŸ‘  
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@ntony ·
OK, I just looked at the main site and did not find any package for Ubuntu Linux. I did not searched for guides.
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@outerground · (edited)
$0.04
taking a look at that right now ! : good work KC bizmuth is one of my favourite minerals for it's whacky hyperspace looks. I was disappointed to find out that most specimens  (crystals) are industrially produced

https://upload.wikimedia.org/wikipedia/commons/1/1f/Wismut_Kristall_und_1cm3_Wuerfel.jpg
πŸ‘  ,
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vote details (2)
@khaaaarl ·
$0.03
Yeah looks amazing, you can make one at home ;)
https://www.youtube.com/watch?v=v8KYZHMkTHw
πŸ‘  
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vote details (1)
@peaceandwar ·
Thanks for an amazing article. When Bismuth was in the testing phase, there were barely any responses to articles :D
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@pemulungcrypto ·
Will check it at cryptophia
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@raihanrahman ·
Very informative post. Thank you for sharing your knowledge.
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@redeauxtech ·
This coin sounds awesome.
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@rip-youtube ·
Very interesting. It's very hard to keep up with all of the ICO's, and I've only invested in three cryptocurrencies at this point, but I am looking for others. Thanks for your post.
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@rohitp ·
Nice post
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@rsrb ·
Awesome post and great advice! Thanks a lot
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@rumpa ·
Thanks for the information. I learned a lot!
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@seanhayes ·
Sounds interesting I'm going to look into it further
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@shaan007 ·
people are making coins using python while i am just:

print ("Hello World")
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@silur ·
thank for your great information and post.
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@sizuka ·
just ah perfect click!!
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@solarparadise ·
Thanks for the info. Now following.
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@spiftheninja ·
I was just checking this one out yesterday, seems amazing!
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@technoatu ·
The content is very nice. Thank you.

https://www.technoatu.xyz/top-5-spinner-loader-libraries-2017/

https://i.hizliresim.com/ByDEjv.jpg
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@tenhanger ·
Nice writeup, but will the mining requires ASICs or can regular desktop CPUs perform?  Does it require mining be done on the TOR browser?  It seems like lots of other coins have what's mentioned here (PIVX for instance), so is the ONLY special thing the Python angle?
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@thoughtchain ·
Thanks @kingscrown for posting about this -- great info! I'm now following you, upvoted, and actually spent a little coin promoting it for you. Hope you will follow me @thoughtchain for original content and news about Blockchain, Bitcoin, Cryptocurrency and ICOs. Cheers!
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@tobiarity ·
wow, python really rocks
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@tomshwom ·
$0.03
There's a reason for the EVM and other crypto-specific environments/opcodes.  Python is **not** resource optimized in any way.  I can't imagine that Bismuth will be able to handle scalability while maintaining blockchain security if Python is the native language.
πŸ‘  
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vote details (1)
@touristpk ·
$0.02
Good information
πŸ‘  
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vote details (1)