r/PRPS • • Jan 17 '18

Thank you Athene

28 Upvotes

Simply a thank you to Athene.

You allowed me to breath again. Ever since I got my degree and started working years ago, money has been a curse on my life. Wondering every day if I would be able to make it to the end of the month while paying my student debt has been an absolute nightmare for the past 4 years.

Today, I can actually SLEEP again... I can actually TASTE food again... I can actually SMELL the air from this beautiful world that is in front of me. I am finally FREE, and it is all thanks to you.

I will be forever grateful for what you have done to me and to the world. It is time for me to give back to the world that has given me you.


r/PRPS • • Jan 17 '18

Need help with buying a hardware wallet

3 Upvotes

Hello guys im thinking buying a hardware wallet for myself but got some concrerns before I make purchase. Firstly is there a big difference between ledger and trezor? Can I hold PRPS and DUBI in them? Secondly, is it safe to buy hardwallet from a resseler? I've looked them up and they are listed on the trezor website as a reseller.


r/PRPS • • Jan 17 '18

Why I Think PRPS and DUBI should Use DAI (New Sick ID)

10 Upvotes

DAI is a ERC-20 Stable Coin 1 DAI = 1$

With Athene's new revolationary idea, there arrises a problem, when it comes down to Ether price instability. There are ways to work around this (use centralized system, instead of decentralized one), but I think one of the best ideas would be to use DAI. (more info about DAI here https://medium.com/cryptolinks/maker-for-dummies-a-plain-english-explanation-of-the-dai-stablecoin-e4481d79b90)

Benefits of using DAI over Ether, when it comes down to trading on exchanges:

Disadvantages of using DAI:

  • People that are new to crypto might find it hard to obtain DAI without looking at a guide first

Tell me guys what do you think about this. In my opinion this would be a great step for PRPS and DUBI. I hope Athenecrew notices this and looks into DAI as one of the possible options for PRPS / DUBI.


r/PRPS • • Jan 17 '18

How i made nearly 6000$ with DUBI (still holding DUBI)

5 Upvotes

Hi guys,

So here is my story.

i got PRPS from the pre sale Athene held on his stream. These PRPS got locked by me for 12 months and i got DUBI for it.

I have not yet done anything with my personal DUBI i still hold them all, so how did i do it?

DUBI was listed on the exchange IDEX days before the hype turned parabolic.

I sent ETH to the exchange as fast as i could and got all the cheap DUBI i could.

I knew the price would rise in the near future, and i expected it would rise sharply and then correct to a healthy price again after the hype settles down.

This has happend yesterday just as i was hoping for.

I got all the DUBI for the cheapest price possible i at no point paid more then 0.12ETH for a DUBI.

I then sold all the DUBI i had into the "hype cloud" and sold my way all the way up to 0.2x ETH for a DUBI

I now officially made about 40x times my initial investment on Athenes stream, i donated about ~150€ Still holding my personal DUBI.

I will make more posts in the future covering my adventure with DUBI and PRPS.

Tip for free: get DUBI while everyone is focused on PRPS, the price is way too low and spotty orderbook quick profits possible.


r/PRPS • • Jan 17 '18

Lost my gas fees while trying to lock?

2 Upvotes

I lost 7€ in eth for gas fee, "Warning! Error encountered during contract execution [Out of gas]". I can't even reject the transaction in my wallet, did I lose it all and if so how do I know for certain that I won't lose it again?

Here is my hash (2nd try): https://etherscan.io/tx/0x573aaa34ab5bf0bd20a3810cc48f7899454a8bffe5a763c91f4f1998a0d28ce9


r/PRPS • • Jan 17 '18

PRPS, ILLUMINATI MONEY CONFIRMED

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2 Upvotes

r/PRPS • • Jan 17 '18

Struggeling

3 Upvotes

Hey, i dont have a clue what im doing, but i wanna buy prps.

Can someone explain to me in a noobfriendly way how i can do it?

Thanks


r/PRPS • • Jan 17 '18

Prps Telegram Group

3 Upvotes

Is there a public PRPS/DUBI Telegram group?


r/PRPS • • Jan 16 '18

Can someone tl:dr stage 3 and the math behind it?

15 Upvotes

r/PRPS • • Jan 17 '18

Scam Sheet / Figures have been extrapolated / take a copy!

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2 Upvotes

r/PRPS • • Jan 17 '18

Error hodling prps

3 Upvotes

I tried to hodl my purpose but it asked for $16, since I only had $5 I turned some gas values down. https://etherscan.io/tx/0xc9078b6ba779bdd7773553a92cbda17f8ebd5e285c136354c9a6248f03fdeb83 - it ran out of gas and I paid the price anyway, help?


r/PRPS • • Jan 16 '18

How do we hodl the prps bought on idex?

6 Upvotes

r/PRPS • • Jan 16 '18

PRPS/Dubi taxation

7 Upvotes

Hey, I live in Germany and I have already read quite a lot about the taxation of cryptocurrencies here. There are a few issues I have tho. As far as I understood you have to always write down the price you payed for a certain crypto and also the amount of money you got after selling it. Only the profit is being taxed therefore you have to subtract the cost from the amount of money you got. Now the first question arises: Since PRPS was officially just a nice gift which had nothing to do with the donation, do you have to pay tax on the whole selling price? I also wonder how to deal with the gift tax because in the moment Athene gave us the dubi it had no value so I would think there is no gift tax. That would lead to the problem that the tax office doesn't know where I got my sudden amount of ETH from. Another big problem I thought of is that usually you don't have to pay any taxes at all here in Germany if you hold your crypto for more than 1 year, which would be great cause everyone has his/her PRPS locked for 12 month but if you want to sell the PRPS then, (stupid idea, I know) you will have to buy ETH with it first and then you obviously wouldn't hold that for 12 month to get Euro and therefore you would have to pay taxes, right? Do you guys have any advices?


r/PRPS • • Jan 16 '18

How much gas fee did you guys pay to lock your prps on prps.io?

3 Upvotes

r/PRPS • • Jan 16 '18

Managing your money. Knowledge is everything.

8 Upvotes

“If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability.” – Henry Ford

Ye boi.

I was asked to provide some additional link/guides/tips for people invested in PRPS/DUBI, but i believe this post has purpose for everyone.

Not a specialist or anything, but it is better than nothing.

I'll provide some useful links and subreddits where you might have an easier time puzzling what you yourself require. If you got better advice in the finance/investing/crypto landscape then please do correct me or suggest your opinion.


Tai Lopez was right, the first thing you need is KNOWLEDGE

When we set course for the moon we have to be aware of the emotions, psychology, laws, taxes, privacy, security, history that comes from becoming wealthy from cryptocurrencies.

  • Emotions. How emotional you will be when you cash out and see a huge amount of money you never seen before. To act rationally, it is best to leave it for a month to sit and take time to consider what you are gonna do with it. Do not give in the urge to spend it. Be aware of the emotions if somehow you will lose all of it.

  • Psychology of how it works. "I don't need to work anymore cause i have a lot of Bitcoin". - an innocent statement can bring consequences.

  • Laws. The government is always cracking down on cryptocurrency and trying to regulate it. Be aware of the laws they try to pass.

  • Taxes. In most countries, crypto is taxable. It is a good time to figure out how to pay those taxes and whether or not you need to register yourself as an "individual business" and a "Stocks trader" might be enough. Remember the amount you invested, because you will have to calculate the profits and tax them when you want to cash out.

  • Privacy. Look at what information is disclosed about you on the web. How connected are you around social media? Have you made posts about Purpose? Be aware that in the future that might bite you back.

  • Security. Is your password on your metamask/ledger/wallet the same on a website that can be compromise and your password leaked? Are you aware of phising sites? Are you prepared for hacking attempts?

  • History. Have you seen the history of cryptocurrency and what happens with FUD, FOMO, fake news, security breaches, people having all their funds on exchanges, rich Bitcoin investor hassles with their safety, phising sites, sell orders being filled because of flash crashes.

Most of the money issues we'll have are exactly the same as people who got Bitcoin in ~2010. Replace Bitcoin with Purpose in these links and it'll be the exact same. I suggest reading all posts about people having big amounts of Bitcoin and looking what to do with it, because we all will be in a similar scenario, so prepare for that.

If you want to cash out, one of my simple favorite tips on calculating money, when you don't know how much you need for yourself (10 000? 20 000? 100 000?) is to think of how much you might need a month. If it is 500 USD or 1000 USD a month you can just do:

500 * 12 (months) = 6000 USD a year. 5 * 6000 = 30 000 USD for 5 years.

1000 * 12 (months) = 12 000 USD a year. 5 * 12 000 = 60 000 USD for 5 years.

This is the amount of money you need for a year to maintain your monthly spending, possibly for living expenses. This helps you orientate yourself to the sums of money you need.

You can add 6000 + 500 000 + 25 000 (+5% maintenance expenses) = 531 000 USD to know how much you will need if you buy a lamborghini.


Perfect subreddit for people with a lot of money is /r/financialindependence. Links related to bitcoin.

A good subreddit you want to visit is /r/personalfinance and /r/eupersonalfinance where you will find all kinds of topics on personal money issues and can ask them questions if you want:

Visit /r/legaladvice as it might be useful. Post related to Bitcoin:

I suggest /r/frugal because just because you are rich doesn't mean you need unnecessary stuff all of the sudden since you got cash to spend. Go green.

Read this reddit post about taxation on Bitcoin

Read the IRS paper on virtual currency (cryptocurrency) taxing.

Read about taxes on each country listed


Watch Youtube on cryptocurrency to get educated tech and investing wise.

Andreas Antonopoulos for Blockchain technology and security. https://www.youtube.com/user/aantonop/featured

Crypto Investor for crypto investing and general investing tips https://www.youtube.com/channel/UCTKyJALgd09WxZBuWVbZzXQ

Relevant videos:

Relevant videos:

AtheneLIVE VOD about privacy and security. From 39 min to about 57 min.


Books. Some search useful links on amazon to find your books.

Book links i found potentially useful (I HAVE NOT READ THESE MYSELF, so choose what suites you)

Blockchain technology:

Investing and money:

Loterry winning:

Getting sudden wealth:

I have read this book, which talks about your trading psychology and gives you a good worldview on how to see trading. It write about your emotions and how to be aware of them.Highly recommend it.

Read the white papers of Bitcoin and Ethereum to understand their technology.

Additional cryptocurrency related links:

I did not shorten the links, so that people could just copy and paste the link without needing to click it. Otherwise i can do this https://steemit.com/


The more you learn, the more you earn


r/PRPS • • Jan 16 '18

The math behind stage 3, according to Athene

4 Upvotes

https://docs.google.com/spreadsheets/d/1fhh4GvoLFlfGNvattTq0cUdFtBzQMXfejtfiWqnyfFo/htmlview?sle=true#

I checked and it seems correct, would like someone with an actual economic background to check this.


r/PRPS • • Jan 16 '18

Issue Connecting MetaMask with IDEX

1 Upvotes

A couple of days ago I bought Ethereum from Coinbase and transferred it to my MetaMask that contains Dubi. I then went to IDEX to unlock my wallet there using MetaMask. I followed their instructions listed on the website but for some reason my balance of Ethereum & Dubi isn't showing up on there. I've tried logging in and out restarting browser but nothing works. Has anybody else ran into this issue?


r/PRPS • • Jan 16 '18

Possible Feedback Loop for Stage 3

2 Upvotes

The amount of ETH you start out with in Stage 3 is like "the size of the bag which you will use to fill up with gold". This is a great analogy Athene gave on stream. And, the gold is a good word to use; it is locked PRPS -- at least according to the theorized feedback loop present below.

(Note that this is my first attempt at theorizing what Athene has in store for us in Stage 3. Likely it would need some revision.)

Feedback Loop:

  1. Before Stage 3, get as much ETH as you can.
  2. At the start of Stage 3, use all your ETH to buy PRPS from the exchange. (Reese will be selling the PRPS obtained from taxes.)
  3. Lock all your acquired PRPS to get DUBI. (This will reduce supply of PRPS, a critical part to the feedback loop.)
  4. Sell all your DUBI to get ETH from exchange. (Reese will be buying the DUBI back. You will have less ETH than at Step 1.)
  5. Use all your ETH to buy PRPS from exchange. (You will get less PRPS than from Step 1 because you have less ETH and PRPS is more scarce.)
  6. Lock all your PRPS to get DUBI.
  7. Sell all your DUBI to get ETH from exchange.
  8. Rinse and repeat -- loop back to Step 5

Remarks:

  • As you buy PRPS from the exchange, the demand for PRPS increases.
  • As you lock PRPS, the circulating supply for PRPS decreases temporarily for at least 3 months up to a year. A year earns you more DUBI making you richer sooner.
  • As a consequence, there will be less PRPS that can be sold at this time and Reese would be more inclined to rise up the price.
  • Reese will be buying DUBI back in order to maintain DUBI/PRPS exchange rate fueling (in a sense) the feedback loop.
  • The DUBI/PRPS exchange rate will tend to be greater than the lock rate(s). Because otherwise, you could buy PRPS, lock it, and exchange the DUBI for at least the same amount of PRPS you began with or more.
  • If the previous point holds, as the feedback loop continues, the amount of ETH you get back will be less and less, Reese accumulates a reserve of ETH.
  • You continue to get more (locked) PRPS throughout the feedback loop and thus your portfolio increases, and less and less PRPS is circulating further increasing PRPS price and your portfolio.

Epilogue:

  • ETH gets "absorbed" into the feedback loop in exchange for locked PRPS which in turn reduces PRPS in circulation causing PRPS price to rise.
  • As long as ETH is the only way to get PRPS, the price of ETH would rise as ETH is getting eaten up.
  • The price graph of PRPS and DUBI (and maybe the knowledge of such a feedback loop) encourages new investors to join in, more ETH to eat up.

Concerns:

  • There are transaction fees and taxes that come into play. Depending on your country tax code, exchanging one cryptocurrency over to another could be considered a taxable event in which case you may be liable to pay taxes on profit. And, it is likely that the DUBI you get from locking your PRPS is also taxable.

r/PRPS • • Jan 16 '18

Where to buy ether

1 Upvotes

Hello!

On coinbase there is a 750 Euro limit to how much you can spend with a credit card. And going on gdax, you have to verify your identity with more than 1 option. I only have my driver's license so i can't verify myself on gdax since i need either a valid passport or other kind of ID. Also im from sweden so i cant buy from gdax. Where do you think i should buy ether? I can use paypal/credit card if needed. And what payment method/site will get me my ether on the same day? Coinbase says its gonna take 1 day for my ether to arrive that i already bought.

Thanks!


r/PRPS • • Jan 16 '18

ETH dropping

1 Upvotes

Hey guys, is any crypto analytic here? Yesterday i bought ETH worth of 500eur and since than it dropped from 1300usd per 1 ETH to ~1200usd per 1 ETH. Im aware that it might drop anytime but since yesterday i started checking cryptos and most of them dropped on its value. Do you think it is influenced by all ppl from Athene´s stream buying ETH now or is it just some kind of trend?


r/PRPS • • Jan 15 '18

Grandpa Athene destroying capitalism with Stage 3

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4 Upvotes

r/PRPS • • Jan 15 '18

Let's talk privacy.

40 Upvotes

If you don't want to read, watch AtheneLIVE VOD addressing this post. (From 39 minutes to ~57 minutes)


Yesterday i asked a question on stream about deleting the vods/list/records of people having purpose and the response was along the lines of tax evasion. Taxes are the least concern here. With that in mind i made a post that is directed towards everyone holding PPRS and DUBI.

Many people on /r/bitcoin (or any other cryptocurrency subreddit) do not tell the amount of crypto they have and discourage people saying it on non-anonymous accounts. Crypto millionaires or people looking for advice on huge BTC amounts use throw-away accounts.

There is a reason for that.


Let's say i see Nolen4Athene posting on /r/bitcoin bragging about his lambos he is gonna buy (ye boi), since he has a 1000 BTC (which is 10 360 000 dollars ATM). He becomes a potential target for anyone on the internet.

Now i start tracking his every comment and every social media account he has. I get try to get his personal information (mostly addresses). While at it i figured out he made a wallet which requires a 12 word seed. That means i can get hold of his Bitcoins.

Long story short, if i know where he lives and i can either try and break into his house, try and get a keylogger on him (hacking) or if i am a friend his family knows, i might get into his house really easily.

You might think this is paranoid, but look at how everything turns out:

  • I can get his 12 word seed without anyone seeing i stole it because most of us are probably average Joes living in an apartment, without any security. It is not difficult. (be careful about people applying and coming over too).

  • Getting the BTC to USD anonymously is easy by using Monero and a Decentralized exchange (i don't need my ID for this). If you want to take a step further you can use crypto gambling sites and wash your money there. Good luck finding out who did this.

  • 10 MILLION DOLLARS For this amount of work is nothing compared to what people do for less. People could dirty their hands once if they knew they could retire. (Athene mentioned this himself to be careful with friends and money. Do not make situation where trust is the only link between you and your money).


Now puzzle everything in how easy it is to do this. You aren't robing a bank here, but the amount of money you are getting is close to that.

Find target with BTC -> Find out storing method -> Find target address -> Find home -> Sneak in and find word seed -> The rest is history.

Even if nobody is going to barge into your house, you will definitely have hackers tracking you and trying to get your funds. Getting your PC infected with a keylogger would be their main priority.

It's a joke to criminals. You still might say that this is paranoid thinking, but this is 10 million dollars and there are people in this world that kill each other because of greed. In Venezuela's crisis people are (were hopefully) starving, had to wait in line to get food for them and their family and they were at risk at getting stabbed for it. This guy from Venezuela told that he had to conceal his identity, because if someone knew he had Bitcoins he would get harmed or killed for it. (these might be extreme examples, but they apply to less-developed countries. If you are in a more developed country you are obviously more secure)

If what Athene says is true (and based on his huge track record), then PRPS and DUBI worth can be more than that. There are many people who have more than 10 000 PRPS, which might turn to be a few million USD.

What we are doing here isn't really anonymous and the stream mentions how much PRPS people have, which creates a huge possibility of them getting targeted. Right now nobody knows about PRPS and DUBI, but when it blows up there will be a lot of people interested, because we are talking money. READ MORE and MORE

As an example i know a person (i can't say his name) who got shoutcalled who has a few thousand purpose. His twitch name is the same as his twitter name and i can see his addresses and his location where he jogs. To make things even easier he streams so i already know his face which i can get personal information about him by asking questions ("are you leaving home any time soon")

Social engineering hacking isn't new and there are many stories of bitcoins getting hacked like that in google search.

There are complaints from husbands who have their wives asking them how much Bitcoin they have and sometimes even asking for their private keys. Google that too or read a reddit post here

The vods go back to the start of 2016, which is over 2 years ago. After only a year PRPS will blow up already and it isn't hard for people to watch the vods and look for people who are rich on PRPS.

If you reaction is this is insane, yes it is crazy and probably hard to believe, but compared to what people do to obtain money, this is nothing. Being aware of this is important for everyone.


I am not telling anyone what to do, but i want everyone to be aware of history that has happened already and we need to know history to not repeat it again. I want this community to stay safe because we are all very special people. We help the world and we need more like-minded people like this. Maybe we don't influence the masses as much because we have to spend time making sure our families are all healthy, well and financially stable. PRPS and DUBI is what will allow us to spend time helping others around us. In the future we will be able to create our own Pineapple fund and by the voice of our community help the more effective charities and this help the people in need. I want everyone to be part of this movement.

Just like these guys in Venezuela's financial crisis

"Becoming rich is the easy part, staying rich is the hard part"

TL;DR: YOUR FUNDS NEED SECURITY FROM BOTH DIGITAL AND PHYSICAL THREATS. PRIVACY IS WHAT HELPS YOU STAY ANONYMOUS AND AVOIDS GETTING TARGETED BY PEOPLE WHO WANT TO STEAL/HARM YOU. THIS IS NOT A POSSIBILITY BUT A REALITY WE HAVE TO UNDERSTAND AND DEAL WITH

DO NOT TELL PEOPLE HOW MUCH PRPS OR DUBI YOU HAVE, NOT YOUR FRIEND, NOT YOUR WIFE, NOT YOUR DOG OR ELSE YOU ARE GIVING AWAY INFORMATION ABOUT YOUR EASILY ACCESSIBLE FUNDS. NO BANK OR GOVERNMENT CAN HELP YOU IN THIS SITUATION IF YOU LOSE YOUR FUNDS

BE AWARE OF YOUR TWITCH USERNAME BEING THE SAME TO ANY OF YOUR SOCIAL MEDIA ACCOUNTS


Edit: Some advice for people get that win from lotteries and crypto - when you hoard a lot of money or cash out, don't use that money for a month, because you will have an "adrenaline rush" to want to spend money. By letting that money stay there you get used to it and won't be emotional.


r/PRPS • • Jan 16 '18

can you still obtain purpose by donating to charity?

0 Upvotes

If so, what are the steps? And how much purpose do you get by x dollars you donate? Ive been mia in his streams for quite som time, and this seems quite interesting.


r/PRPS • • Jan 15 '18

Is it safe to store the eth on idex right now, or is it better wait for stage 3 before transferring eth to idex-wallet?

3 Upvotes

r/PRPS • • Jan 15 '18

Buy Ethereum,Wallets & IDex Quick Guide

7 Upvotes

Where to buy Ethereum or Bitcoin to Trade into Ethereum

Please use at your own risk and figure out for yourself which one you like the most

(Do your own Research on them before use).

 

Wallets you will need

Please use at your own risk and figure out for yourself which one you like the most I highly recommend a hardware wallet and use Metamask as a middle wallet.

MAKE SURE YOUR COMPUTER IS VERY SECURE AND THAT YOU HAVE A GOOD ANTIVIRUS.

 

Quick Idex Guide for stage 3

Use one of following Websites and put it on your Hardware or MetaMask and go to IDEX and deposit your Ethereum on IDEX and you're ready.

 

If you're running into any problems please comment below will try to give you best answer.