https://preview.redd.it/j0djo8qwty451.png?width=1343&format=png&auto=webp&s=f22a87463a1ba07c3c48fe40002e5cbd19745104 Hello everyone, thank you for your continued interest and support. In the past two weeks, various tasks of TokenClub have been progressing steadily. The product development and community operation progress this week are as follows: 1. TokenClub Events 1)TokenClub’s 2nd Token Circle Talent Show starts registration The second 2nd Token Circle Talent Show is coming, providing you with a big stage that you want to show yourself in the coin circle. 500,000 people will watch your performances here. This event takes part in the form of registration, and enters the selection competition after passing the preliminary screening of TokenClub. The trial will be promoted in the form of live PK. Winners will receive key support from TokenClub, self-media matrix, help create personal exclusive boutique columns, get the chance to talk with more heavyweight guests, and there will be TCT awards waiting for you! Friends, sign up now. https://preview.redd.it/f6s3axeyty451.png?width=1080&format=png&auto=webp&s=06513d733b2415c5550d6d34ca50b47dc3ae714e 2)June 1 activity ended successfully On the advent of “June 1”, the TokenClub team opened a new welfare activity for overseas communities. During the event, follow the team’s official Twitter and forward the event poster in real time, or participate in the topic interaction of the Telegram group to receive private red envelope rewards https://preview.redd.it/16ffpkqzty451.png?width=1080&format=png&auto=webp&s=dba7dc67a0864355bf4fd340f0ca4b0f77f16020 3)BTCGrandpa is invited to participate in the live broadcast of Golden Finance On June 3rd, Grandma Coin was invited to participate in the live broadcast of Golden Finance’s “Mining Double Coins” theme. Review link: https://m.jinse.com/live/topic?id=14268. https://preview.redd.it/aaoh8p81uy451.png?width=1080&format=png&auto=webp&s=ffc1e74ea72ce203f02363ca1efa627af29482a8 4)BTCGrandpa was invited to participate in the 499 Block community AMA On June 11, Grandpa Nina was invited to participate in the 499Block community AMA. The theme is “Coin Circle Big V Coin Grandpa takes you to see the market”, the article review link: https://mp.weixin.qq.com/s/qCnwuaohiwi4BXcbRSJ1gw https://preview.redd.it/47hiynm3uy451.png?width=1080&format=png&auto=webp&s=380f4f0990dbd235e8b9e85bed44e6c83a762ee2 2.TokenClub Live 1) Summary Recently, Jianan Technology Senior Vice President Lu Xiaoming, OKEx CEO-Jay Hao, Founder of Litecoin Charlie Lee, Binance Vice President Lu Mai, Bitribe Founder-SKY, Luyin Agreement Founder-Wang Dong, Kubi CEO-Johnny Lyu , Co-Founder of BTW.com-Dylan, MYKEY & Coin Hu founder Guru, suterusu investor & Betterbit founder Richard, CasperLabs CEO-Mrinal Manohar, CasperLabs COO- Cliff Sarkin, DoraHacks partner & business leader-Yue Hanchao, former Silicon Valley Engineer & Early Blockchain User-Wu Weilong, Distributed Capital Partner and General Counsel Sun Ming, Ontology Founder Li Jun, Cardano Project Founder Charles Hoskinson, QuarkChain Founding Partner Anthurine, ARPA Co-Founder & Chief Growth Officials-Nogi, the well-known KOL Ke Haoran of the currency circle, the “Ancient” old leek who loves trading, One.Love, the early investor of Bicc & the founder of CC Capital & the co-founder of the three o’clock blockchain community Wang Xiaobin, Binance Angel Steven, Binance Angel Wu Mi, Binance Angel July, Injective Protocol Co-Founder and CEO-Eric Chen, BN Capital Senior Partner-Wayne Lin, and TokenClub Blockchain and Cryptocurrency Investment Strategy Senior Expert-Zao Shen Chat with everyone Those things of the blockchain~ On June 1, the global blockchain live festival “Stay Live, Stay Young”-Bitribe +499BLOCK hosted by 499Block and Bitribe was childlike and childlike, celebrating June 1st. A total of 18 industry heavyweights, Jay Hao, Charlie Lee, Mai Lu, SKY, etc., and many industry leading exchanges such as Binance, OKEx, Matcha, Kucoin, Bitribe, BTW, etc. were invited to participate in the live broadcast festival Including Luyin agreement, Harmony, Cortex, Beam, Wedifi, etc., the continuous airdrop of up to 6BTC. https://preview.redd.it/iiwbpnb5uy451.png?width=1280&format=png&auto=webp&s=9a31ff98d3fac926e0178dac969949db12e24b86 On June 1st, CasperLabs CEO-Mrinal Manohar, CasperLabs COO- Cliff Sarkin, DoraHacks partner & business leader-Yue Hanchao, former Silicon Valley engineer & early blockchain user-Wu Weilong was a guest at the TokenClub live room, sharing the theme: Ethereum 3.0: Casper Labs, a Silicon Valley star project, takes us to interpret Casper Labs together. On June 1, Binance Luna talked to Lu Xiaoming, senior vice president of Jianan Technology, and talked to us about the mine. Lu Xiaoming believes that blockchain has played a huge role in breaking the “data island” and other aspects, and he has confidence in the future of the industry. Just like the sentence he gave to everyone: “We still believe firmly, still believe, of course ,we still love you!” On June 2nd, Binance Yingge talked to the founder of MYKEY & Coin Hu. Around: “Is Stablecoin a killer application?” Speaking from the beginning of the coin circle to the first pot of gold to the establishment of MYKEY, Guru and shared with us the secrets of grasping so many value projects, investment experience, etc., and stability The key analysis was carried out. On June 3, Binance Sis talked with Sun Ming, Partner and General Counsel of Distributed Capital-”Sun Ming, Partner of Distributed Capital: The past of the currency circle of a lawyer.” Sun Ming is more optimistic about Ethereum than Bitcoin. Sun Ming believes that the easiest way to invest is to choose the most important project in the main track. On June 4, Charles Hoskinson, the founder of Cointelegraph Chinese and the Cardano project, gave a live broadcast and shared an in-depth discussion around the topic of “How to Cardano surpass Ethereum after five years of precipitation.” Charles Hoskinson, who was a close working partner with V God and BM, why did he leave Bitshares and Ethereum to create the Cardano project? There is an answer in the live room. On June 4, Binance Li Jiayi talked with Ontology founder Li Jun-”Ontology founder’s blockchain entrepreneurial experience”. For the future of the public chain, Li Jun believes that in the past two years of infrastructure construction, the public chain has paid more attention to technology. However, in the process of open source in the blockchain industry, technical homogeneity is gradually emerging. In the next stage, the public chain will pay more attention to the application of landing entities and offline scenarios, and new focus will appear, which is a good thing for the development of the public chain. On June 5, Binance Seven Seven talked to Binance Captains-Hard Candy, He Rensi, Deer Deer Captain, and three post-90s Binance Captains. Focusing on the topic of “Binan Captain chatting about “Cloud Stall” earning “after-sleep income”, I talked about how the entire currency circle has been following the wind in recent days, to see how the Captain Binance is lying and making money. On June 6, the post-modernist economist hard-core punkist master, Zao Shen, went online, with the theme of “street stalls in the city management area, and speculation of coins out of heaven.” “Street economy” has become the most popular word recently. In this issue, Zao Shen takes everyone to analyze: behind the promotion of the land stall economy, what are the trends and choices in national policies? And analyzed the recent stock market, currency circle, and international policies. On June 8th, Binance Luna talked to Anthurine, the founding partner of QuarkChain, focusing on the “challenges and opportunities of blockchain in the “new infrastructure””. Anthurine is interested in the development of China’s new infrastructure and the blockchain industry in the new infrastructure In order to play its role, how to participate, and the new infrastructure you think they need the underlying architecture of the blockchain and other issues have been shared in detail. On June 9th, Binance Yingge talked with ETC Asia-Pacific community manager Xu Kang Christian, and talked to everyone: the brother story of ETC and ETH. Xu Kang said that after 2016, a hard fork occurred in Ethereum. The newly forked chain is ETH, and the original chain is now ETC. Xu Kang believes that the most suitable native scenario for blockchain implementation is the financial field, followed by the alliance chain that the country has vigorously developed. On June 10th, ARPA co-founder & chief growth officer-Noki as a guest TokenClub live broadcast room and Gate brand public relations Yue Yue connection centered on “ARPA DeFi ideas and growth strategy” centered on the discussion. Nogi talked to you about some ARPA things, and shared her views on the future of the entire digital currency and blockchain industry. On June 10, Binance Li Jiayi talked to the well-known KOL Ke Haoran of the currency circle and One.Love, the “old” leek who loves trading. Both guests were Binance’s “bosses” (rebate partners). The two guests shared their respective stories in the currency circle and the stories they saw, and shared their own experience in currency speculation. On June 11, Wang Xiaobin, an early investor of Bicc, founder of CC Capital, and co-founder of the three o’clock blockchain community made a guest live sharing and shared about the BICC trading platform, recent industry hotspots, and blockchain technology. On June 11, Binance Qianjiangyue spoke to Binance Angels Steven, Wu Mi and July. Binance Angel is a volunteer team established at the beginning of Binance. This team exists as a real voice of community users. The three Binance Angels also shared their daily work in the live broadcast room. On June 12, Binance Sis talked with Injective Protocol co-founder and CEO-Eric Chen, BN Capital Senior Partner-Wayne Lin, and shared their experiences of speculating on coins around “Defi makes the market value of crypto assets tenfold” , Investment experience and experience, a hot discussion was held on blockchain technology and Defi ecology. On June 13th, the currency circle song king Zao Shen went live, and the theme was “Recovery of the Minority, Lost of the Most”. Mainly revolving around this Thursday’s plunge in the currency circle, US stocks have driven the currency market to chat. On the linkage of the US stocks & currency circle, the reasons for the collapse of US stocks, the following market trends and investment strategies were analyzed one by one. For more exciting content, please move to the live room. 3.TokenClub operation data -Live data: 17 live broadcasts in the past two weeks, with over 500,000 views. TokenClub hosted a total of 889 live broadcasts with a total of 45.78 million views. -Binary trade data: In the past two weeks, guess the rise and fall to participate in a total of 5274 times, the amount of participation exceeded 3 million TCT. At present, it is guessed that the rise and fall function has participated in a total of 1.12 million times, with a cumulative participation amount of 501 million TCT. -Chat data: In the past two weeks, a total of 10124 messages have been generated. A total of 4.88 milliom messages have been launched since the function was launched. -Mini-game data: The mini-game has participated in a total of 5069 times in the past two weeks. A total of 1,67 million self-functions have been online. -Cut leeks game data together: Since the game was launched, the total number of user participation in the game was 976086 TCT total consumption was 6.28 million gift certificate total consumption was 16.39 million and TCT mining output was 163812. -TokenClub KOL data: Over the past two weeks, the total reading volume of the BTCGrandpa article has been viewed by more than 300,000 people. -Social media data: At present, the number of Weibo official accounts is 18053 and the number of Twitter followers is 1822 and we have opened the official Medium account this week, welcome to follow. -Telegram official group data: In the past 2 weeks, there were 741 chats in the group, and the total number of Telegram official groups is currently 3113. -Medium data: Medium official account u/TokenClub has published 3 excellent articles, official announcements and updates are published in English, welcome to follow. 4.Communities 1)Overseas community On June 1, TokenClub organized an award-winning event for overseas users to participate in live broadcast interaction, retweet Twitter, and telegram group chat. At the same time, with the increase of live broadcast content, the telegram group is becoming more and more active, and the questions raised by overseas users who have just entered the telegram group are also answered in the first time. TokenClub has translated the high-quality live content of the past two weeks into English and released it to the Medium platform. Please pay attention. https://preview.redd.it/8x7dtqliuy451.png?width=1280&format=png&auto=webp&s=197e7304091805750d322b09fc469116e813fba5 TCT has been listed on Binance、Okex、Gate.io、ZB-M、MXC、Biki、Coinex、BigOne、Coinbene、Cybex、SWFT、Loopring、Rootrex etc. TokenClub website: www.tokenclub.com Telegram：https://t.me/token_club
INTRODUCTION Since Bitcoin was invented by Satoshi Nakamato, the master of cryptocurrency, there has been a considerable increase in adoption of blockchain technology, which is evident through various coins and other available subcoins. Furthermore, various projects are supported using Blockchain technology. Gaming, banking, tourism, social media and almost many industries have started to use blockchain technology to facilitate their daily activities. There are problems with the operation carried out in the ecosystem in spite of the recommendations that Blockchain technology offers to its adopters. In the block chain, we don't have to go into too much stress before the fraudulent cases are concluded, and this is largely due to the low level of security. MEET THE COLLECTIVE The Collective Community is the technology company of a small island country in the UK called Guernsey in Europe and has several projects at the same time. The main objective of the project is the construction of a community that is dedicated to the technology of Blockchain, from the very beginning to the end, to follow-up, analysis and sustainability of a system dedicated to Blockchain technology, in the management and support of ICOs and market-emerging coins in the incubation period. The Collective Exchange is another product offered by The Collective Community. The major feature of this stock market is that some of the major stock exchanges (Binance, Bittrex, Bitfinex, Poloniex) are not one of the decentralized exchanges. Justification is important because one of the most important phenomena in the emergence of Blockchain technology is decentralization, which cannot be traced in a peer-to-peer manner and cannot be pursued. The fact that Binance and other major stock exchanges do not have this important fact of the Blockchain, in contradiction to its philosophy, The Collective wishes to be a part of a large community, compatible with its philosophy, aiming to be like the other masses (Bitshare, Waves, 0x Protocol). The Decentralized stock market is much safer, independent of third-party applications and units, as it is freely constructed from the control of countries, demanding lower transaction fees, and allows you to remain more anonymous while you run your money in the market. In addition, $ 470 million of money has been stolen from crypto exchanges, and one of the main reasons for this is the control of the unregistered units by a single hand and a single heart. In this way, hackers who want to defraud the market simply take over the center and hack all the cash funds here, damaging Blockchain technology and investors. The CDEX stock exchange is also an important step for implementing one of Blockchain's biggest philosophies. He also believes he can list his own stock exchanges without charge. As you know, exchanges like Binance demand millions of dollars to list any coin in their stock exchanges and try to use the power they have as a means of exploitation. In order to support the Blockchain community more, CDEX wants to make the project much larger and more useful by offering the project the possibilities of free listing for the coins it believes in. CONCLUSION CDEX's intention is to return the list and liquidity to the hands of the community, rather than just making a decision based on their own interests. It aims to achieve this by giving loyalty rewards to the CDEX users to trade on the platform. It will provide a discounted fee structure for qualified users and will give members of the Community an opportunity to review the companies they intend to trade on the stock exchange. Bounty0x username: Nuxxorcoin1
ELI5: If currencies like BItSharesX and Ripple are nonfunctional currencies, basically cannot be used as LTC, DOGE, BTC to buy real products, then why do they have such a huge and stable market cap? And how come they have stayed and not just burned away like many pump and dump coins have.
I mean what do people again from investing in them rather than in functional currencies and making them so stable? Please not i am just talking about currencies with such a big market cap. PS sorry if this has been explained before.
Hello! I'm zensunset. I discovered this sub a bit ago and have just been sitting and reading for a bit, but tonight I'm 2 beers in and bored. My girlfriend is sleeping so I'm gonna post for some random people on the internet. I moved to the bay area a little over a year ago to attend college. I'm a 26 year-old transfer student, so I don't quite fit in with the youngins at my campus. My personal feeling about my school is that people are too competitive and cold to befriend, although I will admit that this is likely more of an internal narrative than a reality. I have 2 friends from my school whom I still keep in touch with. I feel that I generally befriend, or click with 3 types of people: genuine people, socially unaware people, and egotists. The fact that I don't have more friends in the area is probably due to minor agoraphobia (I just don't wanna go outside most of the time). I also am known to disengage and not pick up my phone or respond in a timely fashion for a day or two. I feel like the easiest way for you to get a feel for who I am is to see which subreddits I am subscribed to. Do note that although I am subscribed to /redpillwomen, I am not a redpill or associated with that line of thinking myself. I subscribe there for pure entertainment and curiosity. In addition to this, I seldom prune or unsub from subs with low quality content, perhaps due to laziness or perhaps for wanting more of the sub. Anyway, knowing these things, take a look at my subs and see if you can relate. I'm big into privacy and cryptography, so it's kinda rubbing me the wrong way that I'm even posting this right now, but fuck it. I might delete this post later. Point is, if you're on signal or telegram, definitely hit me up lol. ok ok, so here goes! I definitely feel that in you reading this list here, you'll get a much more accurate picture than from my drunken writing. Here are my subs! /: advancedentrepreneur adventures Android AndroidWear announcements antiforensics archlinux Art AskReddit Augur aww bad_taoism bash BecomingTheIceman berkeley bestof betterCallSaul Bitcoin BitcoinMarkets BitShares blog BPD btc Buddhism burst burstcoin CampingandHiking canoecamping ChronicPain Clamcoin compsci cosmosnetwork CryptoCurrency cryptography dailyprogrammer DarK darknetplan dashpay DebunkThis DecidingToBeBetter deepweb dissociatives DistroHopping Djent dropship DrugNerds Drugs DumpsterDiving EarthPorn EatCheapAndHealthy ebikes electronicmusic Electropop Entrepreneur ethdev EtherDelta ethereum EthereumProgramming ethtrader experimentalmusic financialindependence Flipping FoodPorn FractalPorn funny futurebeats futuregarage gadgets gainit getdisciplined GetMotivated gonwild goodbyedepression hacking Hacking_Tutorials HealthyRelationships HeyCarl homelab HowToHack HumanAI IAmA INTP investing Iota k12sysadmin Kali_Linux_Essentials Kalilinux ketamine learnprogramming lifehacks LifeProTips linux linux4noobs linux_commands linux_mentor Linux_Tricks linux_tutorials linuxadmin linuxdev listentothis litecoin livelife LucidDreaming MachineLearning MakeNewFriendsHere malefashionadvice manprovement masterhacker MealPrepSunday Meditation Metal migraine minimalism modnews Monero moped MotoX Mushrooms Music mycology myog NEO netsec networking neurology Nootropics onions OpenBazaar Openbazaarproducts OpiatesRecovery outside Overwatch pebble personalfinance philosophy pics pihole PowerShell privacy privacytoolsIO progmetal programming progrockmusic psychopharmacology Python Qubes quick_linux_commands quittingkratom raspberry_pi RealGirls reddit.com RedPillWomen replications RoomPorn security selfimprovement SEO shell simpleliving skeptic socalhiking solidity StackAdvice StartConversing Stellar stocks sysadmin talesfromtechsupport taoism tasker technology TinyHouses todayilearned TOR triphop uberdrivers Ultralight vandwellers videos VPN wallstreetbets WeatherPorn webdev Whonix whonixgateway woahdude WorkOnline worldnews WTF youtubehaiku zec zen ZenHabits ZeroCoin
After analysing the entire Top100 and possible competitors outside of the Top100, I have built my 2018 100x portfolio
Last week I posted a comprehensive summary of all top 100 coins, the first of its kind, at least I don’t know another site that has a similar summary, that’s why I made it in the first place. While putting the summary together, I noticed that all coins can be categorized into only 12 markets. I also received a lot of comments and was able to use the feedback to further improve all description and 700 parameters to get as close to factual descriptions as possible. https://www.reddit.com/CryptoCurrency/comments/8a8lnwhich_are_your_top_5_favourite_coins_out_of_the/ This was all done with the goal in mind to find a portfolio that can go 100x through 2018. The portfolio is based on 3 factors.
Bitcoin will go up by 4x ($32,000) until the end of 2018 amassing a total market cap of 3$ trillion. At this point, Bitcoin will be worth $500M, and altcoins $2,5 trillion, placing Bitcoin dominance at 18%. Currently, it is at 39%.
The fact that altcoins go up at a much higher rate than Bitcoin. The smaller the market cap, the more an altcoin will go up, e.g. BNTY ($8M) will probably go up 200x to $160M, PRL ($50M) 100x to $5B, Nano ($1b) 30x to $30B, while Bitcoin goes up 4x. That's why it is much better to invest in Altcoins than in Bitcoin. Sure, Altcoins also go down much more than Bitcoin, but this portfolio is a year long hold.
The most important rule is not to invest more money than you can afford to lose. The second most important rule in investing is to diversify your investments into high rish (crypto, startups), medium risk (stock options, index funds) and low risk (real estate, pension) assets also while diversifying into different markets, so that not all eggs are in one basket, since some markets might die out and some will take off big time. You want to not be affected as much by dying markets, but you also want to definitely be in the successful markets. We are doing the same thing in our crypto portfolio, where we have at least 1 coin in all 12 markets. The market cloud computing was excluded, because it is rather small and uncertain.
For that reason, the portfolio is divided into approximately
25% High risk high return coins, which yield a return from 20x if they fail to deliver -1000x if they deliver or from a $10M market cap to a $200M-$10B market cap
50% Medium risk medium return coins, which yield a return from 50x if they underperform -200x if they deliver or from a $100M market cap to a $5B-$20B market cap
25% Low risk low return coins, which yield a return from 10x if they fail to deliver - 100x if they deliver or from a $1B market cap to a $10B-$100B market cap
You may ask, Nano, BNB, IOTA, VeChain will have a $100B market cap? Yes, this will happen if the Nano and/or IOTA network does what it's supposed to, because they will be faster, have no fees and use almost no energy to run and possibly replace Bitcoin. This can only happen if Nano and IOTA are able to process 100,000 TPS without losing decentralization and security. However, if they do as promised, Bitcoin will have to innovate very quickly to keep up. This also largely depends on how well the Lightning Network is able to scale up TPS, 50,000 TPS is good and will make Bitcoin able to keep Nano and IOTA in check, but with less TPS, it will be more problematic.
All coins are on Binance or KuCoin, except Saga and Sumo, which are on Cryptopia. All coins and their weights are listed on the second tab of my excel spread sheet: https://docs.google.com/spreadsheets/d/1s8PHcNvvjuy848q18py_CGcu8elRGQAUIf86EYh4QZo/edit#gid=1597706888 High risk high return 21%: 20x-1000x ($200M-$3b) These coins are supposed to have one 1000x-er coin among them. Ideally, you don’t want too many coins in here, because these coins are very early in development or unproven, so they could fizzle out and not give you a good return. However, you also don’t want too few coins in here, because you definitely want to catch the 1000x-er. 3 coins is most probably the sweet spot between having enough coins to catch a 1000x-er and havong not too many coins, so that even if you catch a 1000x-er, you only have 3% of your investment in it and it doesn’t return much. You could potentially add a 4th coin, but I didn’t find any other coin with a >$10M market cap that has very high potential and is in a strong market. Ideally, you want to exactly catch one 1000x-er, because it will make up for 50% of the returns of your portfolio. However, you don’t want to have more 1000x-ers to catch than 1, because there is no difference to only catching 1 with 8% invested in it to catching 2 with 4% each invested, only that the latter is much harder. Realistically speaking, you might catch a 200x-er among these coins, if you’re lucky, a 1000x-er.
8% BNTY is a platform where you can earn money through finding bugs, a bug bounty. BNTY soon wants to expand into “bounties” for gigs, like on fiverr or freelancer.com.
7% Sumo is a privacy coin, similar to Monero.
6% Saga is a stable coin out of the 6 that currently exist but with a tiny market cap besides Maker, DGD, USDT, Havven, Carbon. For risk mitigation, they are backed by Ycombinator and their team is comprised of Stanford graduates.
Medium risk medium return 55%: 20x-200x ($2B-$20B) These are the backbone of the portfolio, all legit projects with a product out already, a strong team, strong community and a potent market. All of these coins will probably make a 20x return and some a 100x-200x, possibly PRL, GAS and ENJ, that’s why they have more weight than the others.
10% PRL is in the decentralized data storage market as Siacoin, Gbyte, Maidsafecoin, Storj, only that it has a 5x smaller market cap and that it actually makes the storage useful by allowing people who store other people’s files to renounce ads and instead make their money through storing files.
13% Gas is an investment in NEO. It has been rumoured that GAS market cap will surpass NEO’s. For that reason, it is the same as investing in NEO, LISK, ARDR, etc. only that is has a 10x smaller market cap
9% ENJ is the investment in the gaming market. Enjin has a platform with already 15 million players and has already finalized a partnership with Minecraft
7% Enigma is privacy for smart contracts on Ethereum
6% Req is in the currency and liquidity exchange market just as QASH, Loopring, Cryptonex, bitshares, Kyber network, Bancor, ZRX, Achain, only that Req has probably the strongest community of all and is also more feature rich
7% Steem is the investment in social network coins. Steem can possibly replace reddit and already has an alexa rank of 1,000.
3% PIVX is the investment in privacy coins. PIVX has slightly superior technology than Monero at a 10x smaller market cap.
Low risk low return 24%: 10x-50x ($10B-$50B) These are the safest bets with a working product, a large community and among the most potential within the top100. Out of these, BNB is probably the safest bet of all, because it is directly tied to Binance, the exchange that has made it as the undisputed number 1 exchange due to excellent professionalism, transparency and intelligent leadership.
8% Vechain The most popular coin of all probably right now. Vechain is a supply chain platform
4% Nano Probably the fastest and most lightweight cryptocurrency right now with instant transactions, zero fees and one millionth the energy use of Bitcoin due to it’s 3rd generation blockchain, the block lattice.
7% IOTA Similar to Nano with instant transactions, zero fees, very low energy thanks to its 3rd generation blockchain the tangle. While it has bigger potential than Nano, it also still has some bugs and security issues to work out.
All in all, the high risk coins are expected to include 1 1000x coin, which would be achieved with Sumo going to only $3B, BTNY $8B or Saga to $4B. Since probably only one of these coins make it, the rest will probably perform somewhere around 100x, thus yielding a 200x return. Medium risk coins are expected to have 2 coins out of 8 to perform at 200x, which would make them go from around $100m to $20B. The rest will probably perform somewhere around 50x, thus yielding a 100x overall return. Low risk coins are expected to have 1 coins out of 4 to perform at 50x, which would make them go from around $1B to $50B. The rest will probably perform somewhere around 20x, thus yielding a 30x overall return. The high risk coins will probably give a 200x return including 1 1000x-er with a bit of luck, the medium risk coins 100x return with probably 1 or 2 200x-ers and the low risk coins possibly 30x with 1 50x with a bit of luck. This gives us a total return of 2000.21(42%) + 1000.55(55%) + 30*0.24(7.2%) = 104x. In case, we don't catch a 1000x-er in the high risk coins, the total return would be 1000.21(21%) + 1000.55(55%) + 30*0.24(7.2%) = 66x. To sum it up, I don’t know if Bitcoin will go 2x, 3x or 5x. However, it is not unlikely for Bitcoin to do this. Maybe it will even go up 20x like in the last bull run, maybe 30x. Maybe the total market cap will be $10 trillion in 2019, no one knows. You would have called me crazy last year if I had said that bitcoin will go from $1,000 to $20,000 within 12 months. Now, we are in the same situation again and there will probably several more 20x bull runs with a 70% correction. It has happened plenty of times before and it will happen again. The last bull runs were
Traditional crypto cryptocurrencies consensus such as Bitcoin, Ethereum or Litecoin is achieved through a mechanism called Proof of Work (PoW), which requires blocks to prove that the nodes that produce blocks have completed a difficult task. This process of building consensus plays an important role in the security and authenticity of transactions, avoiding duplication of costs and fraud. Although this is the most widely used consensus mechanism, PoW reports several important issues, such as the large power consumption of mining equipment, expensive IT costs and the risk of attack by 51%. Because the computational power needed to perform cryptographic calculations increases with increasing difficulty, even greater amounts of electricity are consumed. In the long run, this will be counterproductive to the health of the cryptocurrency miners because miners have to sell large amounts of their currency to pay electricity bills by devaluing crypto prices. In this way, it can be concluded that the PoW network is not financially ideal because only miners can receive premium blocks and transaction costs for valuable resources, while ordinary users do not recognize ROI by having coins. "Stock certificate" (POS) consensus. To check and add blockchain transactions, miners are selected if they have a large number of blockchain blocks or blocks used. This is considered a "fairer" system because anyone who has a currency can become a miner and can do more, help resolve blocks on the blockchain. You don't need to buy expensive computer systems for extraction. In order for the system to continue and to reach a consensus mechanism for the NASGO network, NASGO also use a broad consensus mechanism called Delegated PoS (PoS), which consensus is reached through delegation and hacking. This is the backbone of the financial ecosystem of NASGO because it provides decentralized capabilities to validate transactional activities. It provides confidence in the activities of consumers from equal partners, such as NASGO products and services throughout the world, as well as third-party products in various fields. Transactions are validated in an energy-efficient manner with proof of coin ownership. DPOS means proof of delegated bets. Using a basic "proof of betting" system, but instead of the unit that has the largest currency with the largest "mining performance", anyone who has only one coin can have the ability to be a "delegate". chosen or rejected. NASGO is based on a consensus mechanism from DPoS (Delegated Proof of the Bet). This consensus method was originally created by the BitShares team. DPoS is based on delegates who make blocks. Delegates are trusted accounts chosen as "active delegates." Block is made by 101 delegate accounts with the most votes. Other delegates are registered as "standby delegates" and can switch to list 101 by voting from other NASGO owners. All NASGO users have 101 votes to choose their favorite delegates in the top 101 list. The weight of each 101 votes is proportional to the number of NSGs a user has in the portfolio from which the vote is given. This total appears as "permission" in the delegation list and is expressed as a percentage of the 100 million NSGs available used to select this delegation. Website: https://nasgo.com/ Whitepaper : https://nasgo.com/whitepapeNasgo_ Bountyox username : Bethmotel
BitShares X AMA: Trade BTC derivatives on the first decentralized autonomous exchange + 30 BTSX to anyone who posts their public key.
There’s been a lot of interest and confusion lately on what BitShares X is and how market pegged derivative assets work. We decided to set up this AMA to answer questions, hand out BTSX and get user accounts registered. Learn to code I’ll send 30 BTSX to anyone who downloads the exchange app and posts their public address. NOTE: When registering your username, don't click the delegate checkbox. You don't need to register as a miner unless you want to do that. TL;DR It’s the first decentralized exchange that allows users to trade derivatives pegged to real world assets. These assets are known as “BitAssets”. This allows traders to “move into fiat” without actually moving into fiat and still avoid the volatility of BTC or any other crypto. Starting this Wednesday, all BitAssets will pay interest generated from exchange transaction fees. This could be as much at 10%. Introduction to BitShares X BitShares X is an experiment to test the economic theory behind a new kind of prediction market. This experiment creates a decentralized bank and exchange that uses a decentralized transaction ledger secured by DPOS to create fungible digital assets that are market-pegged to the value of anything from dollars, to gold, to gallons of gasoline. Like all DACs, BitShares X has shares that can be transferred between users in the same way as Bitcoin. What makes BitShares X special is that it also implements a business model similar to existing banks or brokerages. BitShares X can create BitUSD by lending it into existence backed by collateral in the same way that the banking system lends dollars into existence today. Whereas your bank uses your house as collateral, BitShares X uses BTSX as collateral. If the value of the collateral falls relative to BitUSD then BitShares X will automatically cover your loan by selling the BTSX held as collateral for BitUSD and giving the borrower the BTSX is left over. The reason someone borrows BitUSD is for the purpose of executing a short sell of BitUSD relative to BTSX. This works in the same manner as shorting a stock. First, you borrow the stock, then you sell it at todays high prices. If all goes well then you can buy it back tomorrow for less than you paid today, pay off your loan, and keep the profit. However, if things go against you then you will have to pay more to buy back the stock than you sold it for in the first place and thus take a loss. BitUSD is created when two people taking opposite positions can agree to a price and the only price at which two people will agree is the current market price of USD in BTSX otherwise one individual will start out losing money. The mechanics of the market peg are very similar to the mechanics of a prediction market. Once the market has reached a consensus that BitUSD should be valued the same as a real US Dollar no one will be able to trade against that consensus without losing money. Thus the value of BitUSD today is based upon the prediction of what market participants will value BitUSD at in the future. There is only one rational way to speculate, that the consensus will hold, and that creates a self-enforcing market peg. With BitShares X all short positions (those borrowing BitUSD) must start out with enough BTSX as collateral to purchase 2x the USD borrowed. Margin calls are executed when the value of the collateral falls to 1.5x the amount borrowed. This gives the market ample opportunity to cover the short position and pay off the loan before there is insufficient collateral. In the event that the market is forced to execute a margin call, a 5% fee will be assessed. This should encourage participants to be pro-active in maintaining sufficient margin. In the rare event that the value of BTSX falls by more than 50% in less than an hour resulting in insufficient collateral, 100% of the collateral will be used to cover as much BitUSD as possible leaving some BitUSD uncovered. The result of this price movement is that some BitUSD will be in circulation without any backing which may or may not impact the market peg of BitUSD to USD. We have two hypothesis as to the market response in this event: in one case the BitUSD will start trading at a discount proportional to the surplus BitUSD in circulation, in the other case the market expectation of a peg to USD will override any surplus supply and BitUSD will continue trading as before. This would be similar to how the dollar did not see an immediate fall to 0 value despite being removed from the gold standard.
Conventional crypto digital forms of money agreement, for example, Bitcoin, Ethereum or Litecoin is accomplished through a component called Proof of Work (PoW), which expects squares to demonstrate that the hubs that produce squares have finished a troublesome undertaking. This procedure of structure accord assumes a critical job in the security and validness of exchanges, maintaining a strategic distance from duplication of expenses and extortion. Despite the fact that this is the most generally utilized agreement instrument, PoW reports a few critical issues, for example, the huge power utilization of mining hardware, costly IT costs and the danger of assault by 51%. Since the computational power expected to perform cryptographic estimations increments with expanding trouble, considerably more prominent measures of power are expended. Over the long haul, this will be counterproductive to the soundness of the digital currency diggers since excavators need to pitch a lot of their money to pay power charges by downgrading crypto costs. Along these lines, it tends to be reasoned that the PoW arrange isn't monetarily perfect in light of the fact that no one but excavators can get premium squares and exchange costs for significant assets, while conventional clients don't perceive ROI by having coins. "Stock endorsement" (POS) agreement. To check and include blockchain exchanges, diggers are chosen on the off chance that they have a substantial number of blockchain squares or squares utilized. This is considered a "more attractive" framework since any individual who has a cash can turn into an excavator and can accomplish more, help settle obstructs on the blockchain. You don't have to purchase costly PC frameworks for extraction. All together for the framework to proceed and to achieve an accord instrument for the NASGO organize, NASGO additionally utilize an expansive agreement system called Delegated (PoS), which accord is come to through designation and hacking. This is the foundation of the money related biological community of NASGO in light of the fact that it gives decentralized abilities to approve value-based exercises. It gives trust in the exercises of purchasers from equivalent accomplices, for example, NASGO items and administrations all through the world, just as outsider items in different fields. Exchanges are approved in a vitality proficient way with verification of coin possession. DPOS implies confirmation of designated wagers. Utilizing an essential "evidence of wagering" framework, however rather than the unit that has the biggest cash with the biggest "mining execution", any individual who has just a single coin can be able to be a "delegate". picked or dismissed. NASGO depends on an accord system from DPoS (Delegated Proof of the Bet). This accord strategy was initially made by the BitShares group. DPoS depends on representatives who make squares. Representatives are believed accounts picked as "dynamic agents." Block is made by 101 agent accounts with the most votes. Different agents are enlisted as "backup designates" and can change to list 101 by casting a ballot from other NASGO proprietors. All NASGO clients have 101 votes to pick their most loved delegates in the best 101 rundown. The heaviness of each 101 votes is relative to the quantity of NSGs a client has in the portfolio from which the vote is given. This all out shows up as "authorization" in the assignment list and is communicated as a level of the 100 million NSGs accessible used to choose this designation. Website : https://nasgo.com/ Whitepaper : https://nasgo.com/whitepapeNasgo_ Bountyox username : xpresslady
What if you had all the benefits of Bitcoin with the **price stability** of gold? It now exists and it’s called bitGOLD. Skeptical? I'll give you $1 worth of gold which at current Kitco spot rate is 0.000827 oz. Come make history with us!
Hello /CryptoCurrency, I’m here to explain what bitGOLD is and why you should pay attention to it. BitGOLD is exactly like Bitcoin (you hold the private keys) only it’s pegged to the value of real gold. 1 ounce of bitGOLD will always equal the value of 1 ounce of real gold. That means if real gold goes up in value, so does bitGOLD (and vice versa). Think of it as a cryptographic derivative pegged to the value of a real world asset. There is also bitUSD, bitEUR and bitBTC (theoretically any real world asset can be used in this way, even silver, oil and McDonalds big macs - as long as it has a price and is quantifiable). The main issue with Bitcoin in terms of mainstream adoption has always been its volatility. It goes up and down in value so much it’s impossible to use as a currency. The ideal solution would be to have the best of both worlds: a crypto that you hold the private keys to but is also pegged to the value of either precious metals like gold or a fiat currency like USD. PLEASE DO NOT DISMISS THIS IDEA JUST BECAUSE YOU MAY CURRENTLY HOLD BITCOIN For the remainder of this day I will be handing out $1 worth of bitGOLD to all interested redditors (no sock puppets please, I'll know). This is what you need to do:
When you do this I will reply with further instructions. Please keep in mind the BitShares software is still in BETA so bear with these complicated steps. They will be phased out very soon. I truly believe this is the next step in the future of peer-to-peer money and would be more than happy to answer any questions you may have. I understand many of you will be (rightfully) skeptical of this new technology. I am prepared to answer any question, no matter how hard you think it is.
For more technical details on how market pegged assets work, please go to wiki.bitshares.org (an official whitepaper is coming soon). If you are a member of the press please contact [email protected] for direct communication with our marketing division.
Here’s the technical TL;DR for those interested: (this uses bitUSD as an example, not bitGOLD) BitShares is an experiment to test the economic theory behind a new kind of prediction market. This experiment creates a decentralized bank and exchange that uses a decentralized transaction ledger secured by DPOS to create fungible digital assets that are market-pegged to the value of anything from dollars, to gold, to gallons of gasoline. BitShares has shares that can be transferred between users in the same way as Bitcoin. What makes BitShares special is that it also implements a business model similar to existing banks or brokerages. BitShares can create BitUSD by lending it into existence backed by collateral in the same way that the banking system lends dollars into existence today. Whereas your bank uses your house as collateral, BitShares uses BTS as collateral. Short orders are forced to cover when 66% of their collateral is required to cover, leaving the short with 33% of the collateral minus a 5% fee. The reason someone borrows BitUSD is for the purpose of executing a short sell of BitUSD relative to BTS. This works in the same manner as shorting a stock. First, you borrow the stock, then you sell it at todays high prices. If all goes well then you can buy it back tomorrow for less than you paid today, pay off your loan, and keep the profit. However, if things go against you then you will have to pay more to buy back the stock than you sold it for in the first place and thus take a loss. BitUSD is created when two people taking opposite positions can agree to a price and the only price at which two people will agree is the current market price of USD in BTS otherwise one individual will start out losing money. The mechanics of the market peg are very similar to the mechanics of a prediction market. Once the market has reached a consensus that BitUSD should be valued the same as a real US Dollar no one will be able to trade against that consensus without losing money. Thus the value of BitUSD today is based upon the prediction of what market participants will value BitUSD at in the future. There is only one rational way to speculate, that the consensus will hold, and that creates a self-enforcing market peg. With BitShares all short positions (those borrowing BitUSD) must start out with enough BTS as collateral to purchase 2x the USD borrowed. Margin calls are executed when the value of the collateral falls to 1.5x the amount borrowed. This gives the market ample opportunity to cover the short position and pay off the loan before there is insufficient collateral. In the event that the market is forced to execute a margin call, a 5% fee will be assessed. This should encourage participants to be pro-active in maintaining sufficient margin. In the rare event that the value of BTS falls by more than 50% in less than an hour resulting in insufficient collateral, 100% of the collateral will be used to cover as much BitUSD as possible leaving some BitUSD uncovered. The result of this price movement is that some BitUSD will be in circulation without any backing which may or may not impact the market peg of BitUSD to USD. We have two hypothesis as to the market response in this event: in one case the BitUSD will start trading at a discount proportional to the surplus BitUSD in circulation, in the other case the market expectation of a peg to USD will override any surplus supply and BitUSD will continue trading as before. This would be similar to how the dollar did not see an immediate fall to 0 value despite being removed from the gold standard.
This is my first contribution to the CryptoCurrency, and as already been commented it's too long, you can scroll down to the MAIN PART, so, please comment about changes you would make to it or just your opinion in general. Thanks Remember Nash equilibrium, Gresham's law, the rules of the Stasi? So the banking system is similar to the Stasi. But that's not the topic. Why did crypto currency become currency in general? The Nobel laureate in economics would have answered something like this: "At some point in time, the market fell into Nash's equilibrium, where everyone suddenly agreed that counting bitcoin as a currency is normal." Why do men wear trousers, and women wear skirts? Historically, in Scotland it wasn't done that way. It's just that at some point everyone agreed that this should be so. Nash equilibrium. Generally ... What is the currency? A currency is a means of indirect exchange. Once the means of exchange were the feathers of a pheasant, which before that did not cost anything. But then the demand arose and people said: "The feather will be a currency, a means of indirect exchange." Gradually, the general requirements for currency were formed: it should be simply divided into parts, and its value does not change; It is easy to carry around; And it should have a long shelf life. Well and the main thing - people should be ready to use currency as a means of exchange. With the crypto currency the same thing happened: people were READY to use it. Now I'm ready to exchange my phone for bitcoin. It is clear that all other criteria for crypto currency is, perhaps, even better than any other currency (it is much easier to store, transfer, divide, and it is eternal). And why there was a crypto currency? One of the main reasons, in my opinion - is the huge embitterment of people on the banking system with all of its rules, which are being promoted under the auspices of a mythical struggle against scammers and other scoundrels. So, the current banking system is similar to the Stasi, to which I must explain why I have such a gait, and not another, and why I go to work such a route, and not another. And then, unless two-meter fences stop real criminals? When criminals need to break into the banking system, they just buy a bank. All these safety rules are, in fact, useless. Therefore, there is a global irritation of people by the banking system. This can be seen everywhere - and in business of any size, too, from small to large. The annoyance created a request for some kind of analogue to the current system. There was a crypto currency. And the process can not be stopped - the crypto currency will take its place in the world economy. What a question for now. The problem is that in fact, the crypto currency is not used today precisely as a means of exchange. The phenomenon is called the Gresham's law: no one wants to pay with the currency, which constantly and strongly becomes more expensive. Everyone has heard a story with two pizzas that were bought for 10 thousand BTC in 2010 (just curious if pizza shop kept those bitcoins until today). Who wants a pizza for $ 15 million? Or do you want to drive in a Toyota car, bought today for 30 BTC, after learning in a year that they paid $3 million for it? Therefore, the crypto currency is used as a means of accumulation and speculation. At the same time, the process of continuous growth leads to the fact that basic crypto-currencies lose their properties as a means of settlement - stability. They turn into the semblance of shares of a rapidly growing company. And who wants to sell or change the goods and services of treasuring shares today, if tomorrow they will cost more. This is problem. Stablecoin The volatility of the crypto currency is the subject of long-standing discussions, in which the words "bubble" and "speculative instrument" can often be heard. The problem is solved including the launch of special settlement crypto-currencies, the so-called "stablecoins". This is a crypto currency, the value of which is determined not only by the demand for it, but also by more established methods. In the world there were several attempts to create such stablecoins. As a rule, they were tied to either the value of the fiat currencies - the dollar, the euro - or raw materials (commododis) - oil, gold, and so on. But due to various reasons, they were not widely used. First of all, because the creators of such currencies violated the principle of blockchain - distribution and independence. They issued crypto currency, they sold it, and they bought security on the proceeds. And the fact that the security was stored and controlled by the release organizers did not inspire confidence in the community. Now there are more advanced projects. In general, there is a hypothesis that the future is behind the "stable", tied to commododes. It is based on the fact that in the society in general and in the economy in particular, the so-called fatigue of the material of the classical unsecured money. At the same time, we see that the same dollar, euro, yuan, Brazilian real and all other classical currencies are also subject to volatility. And all this against the backdrop of a global rise in the cost of money. The economy is looking for alternatives. But will the social request for a block of commodities be critically higher than for classical money? I am not sure. But the fact that it will be more than now - most likely. Right now, there are several interesting stablecoin projects in the world: There is a project Tether, which stably enters the TOP-50 on capitalization (just over $300 million). Tether is the dollar's coin, 1 to 1. In Israel, they launched a start-up, which tries to make a crypto currency, tied to oil. In fact, they are not yet very successful, because they can not solve the problem of oil storage - it is difficult to store. There are projects that try to link the crypto currency to computing power, to electricity, such as SONM. You can easily explain to your mother about the crypto currency, tied to gold. I have not talked about the main (yet) and most obvious commodity - gold. Gold is a commodity that everyone understands. Gold accounts for about 5-10% of the global investment market. Gold is a natural limited natural resource. According to open data, the gold reserves of governments are about 30 thousand tons, and about the same in the hands of citizens. Total about 60 thousand tons. About 3 thousand tons of gold is extracted every year. This is a stable figure that can not change dramatically in any direction due to distributed production in different countries and established technologies. Therefore, the value of gold, expressed in goods and services, practically does not change. All this makes gold the ideal equivalent of calculation. Actually, it was so throughout the history of human development. Even the first money was tied to gold until governments decided to replace the gold mining process with a simpler process of printing paper money. Well, the main thing: you easily explain to your mother about the crypto-currency, tied to gold. And she will understand you. Now there are several "golden" crypto projects. There are not so many, but everyone has a different concept: Impressive is the OneGram project from Dubai, which plans to raise $ 500 million for the ICO, which began on May 27 and which should end on September 24. For today, 22% of 12,400,786 tokens sold at $ 43.18 apiece are sold. "Dubai" and "gold" sounds somehow impressive, you must agree. OneGram is tied to the stored physical gold. They have a content, strange, in my opinion, a counter: they position themselves as a project for Muslims. In the world of blockade, any artificial limitation causes questions, because it contradicts the very concept of technology. True, according to the founders themselves, now most of the investors of the project are not Muslims. Still there is a project of the British Royal Mint - Royal Mint Gold, in which one token is tied to one gram of gold. The project raises questions from the point of view of decentralization. Another ambitious project is the American-Australian OZCoin. It is provided with 100 thousand ounces (slightly more than 2.8 tons) of gold at 24 carats. Also, there is a "Russian" Goldmint. I took the "Russian" in quotes, because it has international team. The project plans to hold ICO in September, and in May held pre ICO and collected for a couple of days $600 thousand. Imagine that there is an ingot of gold that is able to be transported quickly and cost-free to anywhere in the world without a chance of being stolen. Usually verification of the team removes 9/10 of the risk - the probability of "scam" or some illegal actions is equated to zero. I always say that Whitepaper, the business plan in the ICO world is secondary to the team. It does not matter what you do, but who you are. If tomorrow Elon Musk will grow cows, then investors will believe in his project. Overview of TOP-15 crypto-currency Now about the crypto currency in general. On the Internet, you can easily find sites where you can see the capitalization of each crypto currency, which is drawn at the crypto-exchange, its current price in dollars, the schedule of price changes, the amount of currency that is traded on the market. Such statistics will help a little to understand the beginning investors, but give at least a general idea of what is happening. I will briefly talk about several crypto-currencies in the TOP-50 on capitalization: what are their essence, advantages and disadvantages. And despite the fact that in many of them I invested money, I will not give any specific advice on investment here. MAIN PART
The analogy from the real world is gold. This currency appeared first on the market, and therefore occupies (so far) the first place in terms of popularity, capitalization and exchange rate relative to the dollar. All other currencies, which appeared later, began to be called altcoins, and bitcoin is still a benchmark, from which all are repelled. Bitcoin is a crypto currency that can only be sent, received and stored. In doing so, it has many disadvantages inherent in the architecture itself: it is slow, difficult to scale, requires a lot of power for mining, a lot of storage space, transactions are expensive, and cryptography can be hacked if desired. Here are the cons: Bitcoin is slow, means that transactions in bitcoin occur every 10 minutes. To confirm the transaction, you need to mine, and this is a very energy-intensive process. To increase the number of users (scalability), you need to increase the computing power of computers. Bitcoin was not such a decentralized system, as it was announced at the very beginning. Theoretically, the miners can unite into huge pools and manage the network. The maximum number of bitcoins that can be released is 21 million. To date, they have already produced 16.75 million. What will happen when the total volume reaches the limit? Obviously, there will be a so-called hardfork, when it will be decided to create a new version of the bitcoin-network. This means a big vote, if you want - holding a referendum among the holders of the bitcoins. The Chinese holders of the Crypto-currency were in favor of holding such a referendum already in September. After him, perhaps, the "constitution" of bitcoin will change. And we know how constitutions change easily and quickly in different countries ...
An analogy from the real world is the new Microsoft. "Ether" begins to press bitcoin in terms of popularity. Probably, this currency has more prospects. If bitcoin can act only as a means of exchange and storage, then Ethereum has a number of advantages. The main thing is the ability to create smart contracts. Now, this platform is the most popular in the world in the construction of the block economy, and is used with numerous ICO. Ethereum inherited almost all the diseases of bitcoin. Yes, it's faster - it updates every 10 seconds (that is 60 times faster), but it has the same scaling problems (the recent case with SONM is an example), power consumption and storage. It may well challenge the leadership of bitcoin in the near future.
An analogy from the real world is the new VISA. The project team is trying to make a new payment system so that it can make payments in all currencies. The advantage of this currency is that it is used by banks. However, it is not decentralized. Coins can not be mined, therefore, their number does not increase. Ripple has a huge speed advantage over BTC and ETH, but the operations are not so transparent. For the classical banking system, this is normal - there anonymity has never been welcomed.
An analogy from the real world is platinum, which is cheaper than gold. Absolute analog of the bitcoin. Faster, better in all respects - but just turned out to be the second. But it is worth it in terms of diversifying investment in the same bitcoin. However, there is nothing from the point of view of innovation.
The analogy from the real world is Alibaba (not Amazon). Alibaba - the largest online store with a multi-billion dollar turnover. But still understand that it is still not as steep as Amazon. Classic may even be more expensive than regular Ethereum, but there are some nuances. ETC appeared after the Ethereum hardfork, which occurred last fall, and still does not cause trust in the crypto community. The main attention is still paid to ETH, and all the iconic projects are being conducted on this platform.
Dash and NEM
The analogy from the real world is "not clear who." Honestly, I do not often see these currencies. NEM is mainly drawn in Japan, where it is officially allowed to buy and sell goods for crypto currency. The number of coins is always one less than 9 billion, additional emission is not provided, so there is no mining, but there is a so-called harvesting. A major jump in the NEM course occurred in May, when a closed Mijin platform was created on the basis of NEM, through which Japanese banks can conduct secure transactions. NEM is built on the example of bitcoin, but there are no fundamental differences in architecture. Dash - crypto currency, whose transactions are completely anonymous. Many people talk about this as an advantage, but think: why does an ordinary person have complete anonymity in transactions? Still, all decisions about changes in the "constitution" take place with the help of a general vote, that is, the Dash-network is completely decentralized. Naturally, both currencies work faster than a bitcoin and have a number of software advantages.
An analogy from the real world is the new Google. A real innovation in the world of crypto currency. It offers a fundamentally new paradigm that can change everything at all. IOTA is also called the "crypto currency of things". It appeared five years ago, but it has become popular just now. As soon as it entered the stock exchange, it immediately burst into the Top 10 crypto-currency. How does bitcoin work? In order to perform a bitcoin transaction, the miner must do some work to confirm the transaction. Spend time, huge amounts of energy and allocate space for storage. In the case of IOTA, you can independently confirm the transaction with your device - for example, a regular phone. Your smartphone confirms two other transactions. Those transactions are confirmed by other two. And so on. The more users, the faster and better the network. Now IOTA users have accumulated a critical mass and the currency has become very popular. There is no limit to scalability, no miners are needed, so transactions are free. You do not need to pay a commission to the miners, you do not spend computing power. In general, this is a real bomb that threatens to make a revolution. IOTA solves all problems inherent in bitcoin (limited, high demands on computing power, pseudo-decentralization, data growth and storage problem, slow speed).
The analogy from the real world is JFC Sistema. Briefly, unlike bitcoin, Monero emission is not limited, but transactions take up several times more space than bitcoin. But this is not the most interesting. In general, low-cost transactions, good translation speed, good mining.
An analogy from the real world is the Empire State Building. EOS - the evolution of the currency BitShares and Steemit (which, by the way, seriously criticized that does not prevent BitShares from getting close to the top 10 on capitalization). It is based on a breakthrough technology, which can be compared with the appearance of a blockade. In theory, they can replace Ethereum or enter into synergy with it. In terms of technology, the project is better than Ethereum. Developers have created a new language, and now the EOS platform creates an operating system on which it will be possible to build separate applications. The logic is this: all databases, all web programming will be transferred to the block system. New technologies will allow asynchronous launch of different applications, which will seriously increase the speed of the OS based on EOS. The team expects that the whole world will work on EOS. In general, to be honest, this is the world of "Crypt 3.0".
An analogy from the real world - ? A useful tool not to lose on converting, not to depend on the legislation of different countries, taxes and so on. There is also a similar currency Tether, which is tied to the dollar 1 to 1. If you want to sell or buy dollars on the blockchain, you should come here. These are not speculative instruments. (Here you need to understand that BitShares itself as a unit of account is also "floating"). It is used as a currency for collecting commissions for a transaction of a fiat currency. It can be speculated. But if we want to operate with fiat money in the blockchain, we can do it inside the BitShares system). And 5 more crypto-currencies from the top 50 If you look further, in the top 50 crypto-currencies there are a few notable projects. I will list a few.
An analogy from the real world is the stock exchange. It is essentially a stock exchange: an Ethereum platform on which you can exchange different cryptocurrencies (but they all have to be the ERC20 standard - this is the most common Ethereum standard on which most projects are developed). Everything is regulated by smart contracts. This is a new economic tool in the world of blockchain. In fact, they brought the derivatives into the blockchain, which no one had done before. It seems to me that this is a niche product, which, however, can grow 5-10 times.
An analogy from the real world is McDonalds. A good, fashionable currency, I see future in them. Fast, cheap in a transaction, profitable in the mining. It is loved by miners - in other words, market providers like it. And it is like McDonald's - does not belong to anyone. 99.9% of McDonald's shares are traded on the stock exchange, but the largest shareholder owns only 2% of the shares. Decreded as McDonalds.
An analogy from the real world is Netflix. Fantastic project. And by "fantastic" I do not mean "cool", but the original meaning of the word. The business model is incomprehensible, but the team is good. They try to work in the market of events predictions. While the project is in the alpha stage and no real money goes in there, the team really knows how to correctly analyze the data. Aragon can become crypto-Netflix. How they do it - I have no idea. But just to remind you, 7 years ago Netflix was unprofitable.
Decentralized Deex Ecosystem. DEEX is not just an exchange.
Surely you all know the term “decentralization", but not everyone thought about its true meaning. Let's try to figure out together what it is and how important it is for modern man? First of all, decentralization is redistribution and dispersion of basic functions or powers from a single control center. In other words, it is when all decisions are taken together and on mutually beneficial and equal terms, especially when it comes to the financial sphere. Society itself has the right to decide its own fate, it does not matter whether we are talking about the banking system, stock exchange or government agencies. To trust each other, people do not have to rely on the help of the Central government. But there is one dilemma. Man inherently has not only good qualities, but also vices. Most people love money, and many, reaching for real power, can not resist not to take advantage of it. Abuse of power is a common thing that does not surprise anyone in the modern world. Hence the widespread corruption among officials and numerous schemes in order to stay longer in their posts. It is obvious that today we exist in a fully centralized coordinate system, but with the advent of revolutionary blockchain technology, there is hope that this trend will change soon. The technology of the blockchain has created the currency, which is ideal for decentralization. There is no authority over bitcoin that can affect its price. There is no government that can manipulate the supply and demand for bitcoin. This is an independent currency, the amount of which is limited to the figure of 21 million coins. Bitcoin can be used to confirm any transaction, and the results will be stored forever and cannot be deleted or forged. Even the owner of this data is not able to change anything after the information has already been recorded in the blockchain. That's why blockchain is considered the best way to protect any information. Blockchain is an amazing technology that has become a real catalyst for the decentralization movement around the world. Just think, any of you can send a digital asset to the edge of the Earth, without having to pay a third party. It will only be enough to make a meager Commission for the confirmation of the transaction. And for this you only need to install the application on your smartphone. https://preview.redd.it/wpqs3f0y7z821.jpg?width=893&format=pjpg&auto=webp&s=3ce4fc7f2865a054a5acffc7c394f20a577413f1 I want to introduce you to the real innovators in the field of decentralization. This is a new and actively developing Russian project DEEX. First of all, it is a decentralized exchange that allows users not to worry about the safety of their cryptocurrency during trading. The exchange is designed in such a way that allows you to control your electronic accounts. This option eliminates a variety of interference as most of the exchange and the cyber criminals in the process of trading. You alone are responsible for the safety of your crypto assets. What can not be said about the centralized exchanges, where all funds are stored in the wallets of the exchanges themselves. In the case of a successful attack of cyber criminals on such an exchange, you automatically lose your money. There are cases when the administrators of centralized exchanges deliberately manipulate prices, arrange artificial dumps to buy profitably and pump to successfully sell cryptocurrency. Deceived users do not even realize that the culprit is a centralized management system that allows this kind of manipulation. DEEX includes not only the exchange. Developers continue to implement other ecosystem features that were originally stated in the main concept of the project. This is the presence of a crypto Fund, as well as a decentralized messenger, with which you can send instant transfers around the world. Over time, it is planned to open a network OF deex ATMs in different countries. They will allow you to easily cash out any cryptocurrency. We are actively working on the creation of a crowdfunding system. Does not stop improving the interface of the exchange and recently saw the light of its improved beta version. Traders note that the exchange has become more convenient to use, and operations are faster. Ideally, the speed should reach 100 thousand operations per second. This is exactly what DEEX programmers aspire to. Bitshares 2.0 technology allows you to do just that. https://preview.redd.it/eaiey3a48z821.jpg?width=1920&format=pjpg&auto=webp&s=1fdb5ff957f74d604602f6af03cac99218da2501 Through decentralization, for the first time, people had the opportunity to unite and enjoy equal rights from anywhere in the world. Already started the countdown to the moment when the governments of all countries are becoming obsolete and will become extinct as did the dinosaurs. And although this will not happen very soon, but the thought of it gives everyone hope for a bright future. Join the users of the decentralized DEEX exchange, enjoy the convenience, speed and safe trading. Promote decentralization among your friends and acquaintances because it's really cool. Official links: Website Telegram Reddit Youtube ____________________ The article is written by artur2403
Deex exchange is a full-featured decentralized ecosystem
Deex exchange is a full-featured decentralized ecosystem that includes a cryptocurrency exchange, a secure messenger, an ICO platform with decentralized escrow, crypto cards and an ATM system. Decentralized cryptocurrency exchange, where everyone can trade, regardless of experience, whether it is a beginner or a professional. The platform includes a blockchain Fund, a secure decentralized blockchain P2P messenger, a platform for ICO both internal projects and developments that attract investments. Deex provides People with a reliable and convenient platform to trade, exchange, buy or sell cryptocurrencies quickly using the most popular payment methods. More than 10 cryptocurrencies will be available for exchange and trading, including Bitcoin and Ethereum, as well as altcoins. The key idea behind the DEEX architecture is to combine the best, innovative solutions for modern cryptocurrency exchanges. https://preview.redd.it/wibey2a9cpz11.jpg?width=1000&format=pjpg&auto=webp&s=15c2997f2c98ef73e9ae0137e87756518e7a1c20 DEEX advantages. The first stage of business development will connected with the creation of reliable, convenient and multifunctional decentralized cryptocurrencies exchange based on the BitShares 2.0 platform with the integration of full functionality of the best DEXexchanges. In the beginning of the ICO the DEEX' MVP is already being tested (the MVP presentation was in Skolkovo in December 2017) and small trades are being held allready. Our goal is to make the Exchange’s functional comfortable for solving trader’s current tasks at the first stage and at subsequent stages to implement the following functional: A platform for safe ICO conduct in conjunction with the decentralized escrow toolkit from descrow.org. DEEX will be used as a platform for prospective project’s ICO, our specialists will carry out full project analysis, help them to receive funding from a permanent pool of private investors and further conduct pre-sale and large-scale ICO. DEEX tokens investors will receive a share of revenues from all ICOs;
A platform for creating a decentralized transparent blockchain system for cryptofund managed by DEEX professional traders and issuing an appropriate stock token with automatic placement on both all DEX-Exchanges and leading centralized cryptocurrency Exchanges;
Cryptocurrency debit cards linked to users' wallets on DEEX and integration into fiat gateways, allowing to convert cryptocurrency into fiat when paid by card in outlets;
API for the integration of third-party applications and services with the DEEX platform;
Creation of the own agent network of crypto ATMs for the purchase and sale of cryptocurrency for fiat money with the ability to work with bank cards.
The DEEX exchange will meet the increased demands of professional market players and be friendly to newbies. We want to make a competitive and profitable trading platform, a point for the development of crypto funds for trust assets management and an automated platform for ICO. Official links: Website Telegram Reddit Youtube ____________________ The article is written by artur2403
Hi everyone, I bought my first bitcoin a few years ago, I bought pizzas with it, other stuff (ahem) and I have never really intended to invest "for real" on cryptos until a few months ago. Then, I bought some waves in 2016, bitshares, omg, neo, navcoin and the list could keep going. Currently, I'm really into reading about cryptos, the tech, the blockchain, the internet of things even though I don't have all the skills to understand everything. I'm used to reading this sub a lot (not the memes stuff though), other ones and... twitter. I have discovered on twitter some apparently well-known guys who draw lines on charts and sell advises hidden behind a profil pic which is not their actual faces. I have discovered that a lot of people actually follow their advises and throw their money each time a "cryptostar" tell them to buy "a promising coin". And then, some of them complain because it was a bad move or "a scam". My point is : do these "crypto-stars" really know their stuff ? I'm sure that there are some fundamentals in the stock markets, some actual skills to read the chart and think ahead the future moves. But IMO, crypto market is not stock market. It's too young, too different than stocks. It's not even close. Am I wrong or is it a mistake to use the economic fundamentals to read the cryptoeconomic moves ? If I miss something, go ahead and sorry for my english, it's not my native language. Disclaimer : I hold (sorry, hodl) cryptos, I do trade some of them but weekly or monthly, more often to make my break. I want to hold for the long term, not daytrade.
Stablecoins — Carrying the Way to the Crypto Promised Land
What are Stablecoins?
In cryptocurrency, most avid traders prefer having an option for stability to trade out of their volatile holdings while still maintaining decentralized assets that avoid the need to exchange into Fiat currency. We traders sometimes need a period of rest for our crypto portfolios to not have the potential to significantly increase or decrease in value. This is exactly what the appropriately named stablecoins allow us to accomplish. These crypto tokens are designed to peg their values closely to the value of various currencies, such as the ever popular dollar, at an approximate 1:1 ratio. By doing so, cryptocurrency traders are able to use them as a means of exchange in order to essentially liquidate their other volatile cryptocurrencies. Doing so negates the risk of major price fluctuations in their portfolios. https://preview.redd.it/ia5a60tz07811.jpg?width=3500&format=pjpg&auto=webp&s=3018751381778aeebc7f4a7a1f411e2defcf5ea8 The availability of stablecoins is still just two and a half years old, and the power that they hold are entirely up to the markets. But, According to Phil Glazer at Bitwise Asset Management, he believes that as time goes on, a successful cryptocurrency that has a fixed price relative to our main Fiat currencies will have a major positive effect on cryptocurrency as a whole. He states,
“A fixed price cryptocurrency would enable a greater number of use cases than current cryptocurrencies allow. At the moment, cryptocurrencies are primarily held by investors and speculators seeking to profit from price appreciation. Few people hold and use cryptocurrencies like they would US dollars (receiving a salary, paying for groceries, etc.) because prices fluctuate significantly day-to-day.”
In the current landscape of cryptocurrency exchanges, only a select number of cryptoassets can be exchanged for currently tradeable stablecoins. Trading pairs involving stablecoins are some of the most heavily exchanged. In fact, the combination of trading USDT (aka Tether, which I’ll talk about more later in this piece) for Bitcoin is currently the most popular trading pair among exchanges where this pair is offered. Why is USDT so highly exchanged when its value intentionally doesn’t garner a profit or loss? Well, stablecoins are, by design, not the roller coaster ride in value the way most other cryptocurrencies are, and that is precisely what gives them appeal. If you are riding recent highs in Bitcoin and decide it’s time to sell off a portion of them temporarily, Tether allows you to do so at Bitcoin’s market price. If BTC loses 15% of its value relative to the dollar the following day, your holdings that were converted to Tether did not actually lose any value. Tether and other stablecoins allow you to essentially “sit out” from the market highs and lows any time you please, and be comfortable knowing those coins do not change in value relative to the dollar. The existence of stablecoins on exchanges allows traders to cycle in and out of positions in Bitcoin and other volatile coins with ease while keeping their holdings out of the centralized bank systems. Swapping heavily volatile coins like Bitcoin for the least volatile coins available (stablecoins) on an exchange any time the trader so chooses is a huge advantage for anyone looking to de-risk and protect their portfolio values for any given timeframe. Investors and traders need stability in their own holdings on and off in order to counter the large spikes in crypto market volatility that occurs on both short-term and long-term time scales. They also need a quick way to exit and enter their positions when major news occurs and prices may react at a moment’s notice. https://preview.redd.it/kn7nvznb17811.jpg?width=1733&format=pjpg&auto=webp&s=430c7de0c6ff6889b03c4139c057b643f67a189b But why can’t we simply convert any of our cryptocurrency holdings to actual US dollars at the drop of a hat? Why do we even need a specialized stable token designed to replicate the true value of the US dollar around the clock? We already have something that is easily used for exchanging goods and services, both in person and on the internet. It’s called the dollar. And additionally, traditional stocks and equities can be bought and sold using USD in just about every online brokerage out there. However, there are a couple reasons that stablecoins are alternatively offered by most exchanges:
There are no money transmission laws applicable to sending cryptocurrency from one location to another. The same cannot be said about the dollar.
The overwhelming majority of altcoins simply do not have the volume and following yet for exchanges to justify offering direct fiat buying and selling. But remember that the keyword is “yet”.
From a global perspective, there are many countries experiencing hyperinflation that have crypto traders looking for ways to easily exchange their holdings for something pegged to the value of the US dollar. In countries like Nigeria or Egypt, the volatility of their country-based currencies far outweigh the dollar, making Tether a convenient, easy, and uncomplicated option to trade for and convert their own volatile currencies into.
The Not so Stable History of Crypto’s Top Stablecoin
The often notorious and polarizing Tether coin (USDT) has been around and circulated through cryptocurrency exchanges and wallets around the globe since early 2016. The questionable aspect to the world’s currently most traded stablecoin lies with their concerningly underwhelming track record regarding their transparency of their fund backing. The coin’s team claims that each USDT coin is backed by a dollar of hard currency reserves. However, only grainy, highly questioned evidence has been provided to disprove the notion that they do not have all of their tokens backed by real dollars. Bringing forth evidence of hard USD currency backing through periodic audits of the company would alleviate concerns and instill confidence in traders’ minds. https://preview.redd.it/l0u7213t17811.jpg?width=1880&format=pjpg&auto=webp&s=a6561f29fd9ed12623bb84d3ce808ded6e00d8fa Frequent inquiries for proof of this claim have been met with mostly radio silence from the Tether team. As of June 1, 2018, the stablecoin had a market cap of an astonishing $2.55 billion. Shortly after this date, a transparency report was released with the backing of law firm Freeh Sporkin & Sullivan LLP that unofficially stated that their investigation found Tether to have the fund backing they claimed. The company was supposedly investigated by the law firm without warning, and it was announced that Tether’s bank account records exceeded its June 1st market cap by $7 million, thus indicating that it has full backing of its market supply of tokens. However, the vagueness and lack of many specific details of this report only temporarily silenced critics. A week prior to the time of this writing, Bloomberg conducted an investigative report that heavily questioned Tether’s transparency report. In it, they noted that the popular cryptocurrency exchange, Kraken, has been the host to numerous suspicious Tether trades, many of which are indicative signs of blatant market manipulation. Wash trading and very specific trade amounts have been triggered and met with almost no temporary price movements in the overall value of Tether. It is unclear whether there are people associated with Tether or the exchange who have anything to do with these market manipulation tactics, but it seems as though Tether at least would have knowledge of these trades based on the lack of price movement to numbers that would normally move the value of their coin considerably. Wash trading is the act of both buying and selling a coin simultaneously in order to mislead traders into assuming false information about a specific coin or entire market. Many suspect that these peculiar trades have occurred on the exchange without proper price movement. As a result of these scandals and several others involving the largest stablecoin, red flags are up, and Tether remains controversial as a legitimate stablecoin. Yes, as I stated earlier in this article, stablecoins are designed to not have significant price movement. However, several who have looked into the matter have concluded that these significant trades should be at least temporarily moving the price of Tether to around $1.10, which would cause Tether to issue more coins into circulation and inevitably bring their value back to the intended $1.00. Instead, the price has only seemed to range from approximately $0.99 to $1.01, causing analysts to question if these orders are actually real or just showing up in order books to create false impressions of heavy market demand. In addition, the Bloomberg report referenced a passage by University of Texas professor John Griffin, who said that there are some very specific orders that are “suggestive of wash trading”. On top of all the confusion surrounding this so-called transparency report and the abundance of polarizing opinions it received, there had already been a $33 million hack of Tether coins in November, 2017. This opened doors to questions regarding the safety, vulnerabilities, and susceptibility to future security breaches of a coin that ironically is intended to instill a sense of calm in surrounding heavily fluctuating markets. Despite the lack of fund backed evidence, which would be a major concern in virtually any other investable sector in the world, Tether is still a highly owned token constantly being exchanged throughout the cryptocurrency world. Not only that, but many are unaware that US Tether (USDT) is currently the second most traded cryptocurrency behind only Bitcoin. Stablecoins can also be used as helpful market indicators regarding the overall sentiment of the market based on how they are being traded. According to Joseph Young, an analyst at News BTC,
“The daily trading volume of USDT can be considered as a direct representation of the volatility in the cryptocurrency market; if the volume of Tether is abnormally large in a downward trend, it signifies that traders are selling cryptocurrencies to USDT, and if the volume of Tether is unusually large in a bull market, it demonstrates that traders are selling their USDT reserves to acquire more cryptocurrencies.”
Lately, many exchanges have been following Coinbase’s footsteps and slowly implementing USD trading for top traded coins like Bitcoin and Ethereum. But trading into centralized Fiat currencies is not exactly a great option if you are a believer in decentralized currency as the future. These fiat-pegged stablecoins I will be listing below are intended to be a convenience for users to exchange, not a burden that traders should feel forced into as an alternative to US dollars. There are three main types of stablecoins that currently are available for traders to get their hands on:
Fiat collateralized coins are coins that have a central entity that holds the equivalent amount of currency they intend to represent in currency. These fund-backed tokens are expected to be based on the reserve of fiat currency that allows them to place the appropriate 1:1 ratio between the value of a single token and a single dollar. Examples of these coins are:
Tether (USDT), the leading stablecoin which I have already discussed in depth, has been circulating on exchanges since early 2016. Originally known as Realcoin, it is currently the largest asset backed token that acts as a link between crypto and fiat. Due to security and liquidity issues regarding their dollar reserves, external audit intentions by the company that so far have yet to exist, and a theft of $31 million USDT in November 2017 that caused a temporary cease of trading, their reputation has taken a minor, but not yet devastating hit.
True USD (TUSD) is a relatively new fiat collateralized option for investors that is already available on several exchanges. They have capitalized on the controversy surrounding USDT, and they attempt to address particulars that people worry about with Tether, such as transparency of assets through daily proof of bank account information and monthly audits. TUSD was created with the intention of solving a few use cases, such as financial services and online commerce. They ideally see themselves as a replacement for USD on crypto exchanges. And for what it’s worth, the tokens run on the Ethereum blockchain as opposed to Tether’s Bitcoin blockchain.
Cryptocurrency collateralized stablecoins are the decentralized answer to fiat collateralized coins. Instead of being backed by Fiat currency, these coins are backed by actual cryptocurrency, such as Bitcoin or Ethereum and the use of smart contracts:
Maker Dao (DAI) has some similarities to Tether and other stable coins, such as their soft-pegged price to a US dollar, non-minable nature, and collateral-backed asset type. However, instead of being backed by fiat US dollars, DAI uses overcollateralized Ethereum smart contracts. It is also issued on the Ethereum blockchain, as opposed to the Bitcoin blockchain. Their use case intends to lend toward four markets:
BitUSD (BITUSD) is an interesting price-stable cryptocurrency, as it is backed by the BitShares core currency, BTS. Traders have the ability to convert them to an exchange rate that is dependent on their “trustworthy price feed” that is based on the median of several sources which are updated hourly. An intriguing claim by BITUSD is that their token is always expected to be worth at least $1.00, which would imply that the coin has the ability to be worth at least one US dollar at all times, but never less. We have already seen USDT and TUSD have a value below one dollar, so this would be a very valuable aspect of a stablecoin. However, keep in mind that they are used exclusively to buy BitShares, making converting to Fiat more tedious than alternative options.
Non-collateralized stablecoins are interesting in the fact that there is no collateral backing associated with these types of coins. These coins usually implement an algorithm or some form of an expanding and contracting supply of its own value, which is based on the price and demand of it by traders.
Basis is an upcoming non-collateralized stablecoin that algorithmically adjusts its own supply based on the demand it is receiving in order to accurately peg itself to the value of a dollar without any need for a fiat or crypto backing. I will be releasing a feature article on this coin shortly as it gets closer to its public availability. Many consider the idea of it to be revolutionary to the crypto world, and if successful, could become an actual threat to the Federal Reserve and its centralized monetary policy.
Haven (XHV), which claims to be untraceable, is a fork of the popular privacy coin, Monero (XMR). The coin works by implementing a “mint and burn” system which takes a transaction from a user’s wallet that they trigger, and sends it to a smart contract that in turn retains the Haven’s value at the moment of transaction. This balance stays on the blockchain, and is impossible to track back to the person making the transaction. By using this unique method, XHV’s use case allows users to send funds to offshore storage contract, while simultaneously being able to retain blockchain fund value to give the user the ability to trade their Haven and respond to market fluctuations.
In addition to the several tokens I have named, there are also several other stablecoins that are expected to be made readily available for cryptocurrency traders in the near future, including Kowala, Augmint, and Carbon. With several existing, emerging, and soon to be planned options in the stablecoin landscape, traders and investors have some options moving forward in how to prevent portions of their crypto portfolios from violently fluctuating. If stablecoins are able to accomplish what is expected and required of them (maintaining stability in an extremely volatile sector) without doubts in their validity, their existence will be a major boon for cryptocurrency. Mass adoption of crypto in general will be an extreme uphill battle without these safe, reliable stablecoins for traders to buy and sell in and out of when waters get choppy. The currency-pegged tokens will open wide doors for Bitcoin, Ethereum, and other top coins if they are able to scale to a global audience. Chrisjan Pauw, an author at Cointelegraph, states,
“For truly decentralized stablecoins to work, there must also be a system in place that can reliably obtain the exchange rate between the stablecoin and the pegged asset, without leaning on third-party institutions that can be manipulated.”
This is precisely what we need from a stablecoin to lift up all of cryptocurrency, and we will see in the months and years to come how well these coins can execute the goals that they set out to accomplish. Read more about cryptocurrency and find out how to successfully trade at:https://samsa2.samsa.ai/ This article and related content is for informational purposes only. It should not be considered investment advice, and you should consult a financial advisor and do your own research and due diligence prior to making any investments. Where securities or commodities are referenced, it is only for illustrative purposes only, and does not imply any position on securities or commodities classification. To the extent that Samsa services are offered or discussed, those services are available only for Samsa whitelisted assets only.
INDONESIAN InziderX Whitepaper Translation https://preview.redd.it/hw82rm1pdkj11.png?width=1446&format=png&auto=webp&s=fdc3487bdcfddf7d4f841f00c64e4d2cc3f872f6 Bank JPMorgan, yang sutradara terkenalnya, Jamie Dimon, diketahui telah berulang kali mendiskreditkan orang-orang yang berinvestasi di Bitcoin dan menyebut teknologi ini sebagai penipuan, baru-baru ini menemukan sistem desentralisasi transaksi sendiri bernama Quorum - salinan kode etereum yang dimodifikasi. Blythe Master, orang terkemuka di dunia investasi, menjadi CEO Digital Asset Holding LLC pada tahun 2015, sebuah perusahaan teknologi keuangan yang dibuka pada tahun 2014 yang mengembangkan teknologi berbasis blockchain untuk seluruh industri investasi, layanan keuangan seperti penyedia infrastruktur pasar, pertukaran dan bank. Ripple dan direkturnya yang kaya, sudah menampilkan diri sebagai Bitcoin untuk bank. Untuk mata yang waspada, contoh-contoh tidak kurang dan yang dibutuhkan adalah membaca di antara baris-baris untuk mengetahui apa yang selanjunya. Setelah jatuhnya pasar real estat tahun 2008 dan penyelamatan bank oleh FED, indeks Dow Jones telah meningkat lebih dari 300% dari rendahnya 6626 pada tahun 2008 menjadi 26 667 pada tahun 2018. The Heng Seng sebesar 200% dari 10 600 hingga 33 642, DAX 125% dari 3458 ke 7781 dan Nekkei 245% dari 6988 ke 24171. Peningkatan parabola ini dibiayai oleh dana publik tetapi sebagian besar oleh pengenceran nilai mata uang dunia, yang disebut pelonggaran kuantitatif. Dolar USD, seperti Denarius pada zaman Romawi, mati karena diencerkan. Bahkan, semua mata uang dunia hanya memiliki 5% sisa daya beli mereka 100 tahun yang lalu, jika tidak kurang. Tetapi ketika harga valuta asing tidak turun secara dramatis karena semua negara melakukan permainan yang sama, sulit untuk mengikuti daya beli riilnya. Perang mata uang sangat nyata dan efek sampingnya adalah bencana. Di India, pemerintah telah memberi tahu penduduknya hanya 4 jam sebelum penghapusan 500 dan 1.000 rupee tiket yang mewakili 80% dari masalahnya. Membiarkan penduduknya, 95% di antaranya menggunakan uang kertas, di jalan buntu. Setelah memompa dan mengencerkan apa yang bisa, uang yang diinvestasikan di pasar mata uang dan dana dari pasar saham mencari taman bermain baru; bumi yang lama dibakar, kosong. Bahkan, koreksi 70% dari harga BTC pada Januari 2018 merupakan tingkat pembelian jangka panjang yang sangat baik dan tidak ada alasan lagi untuk menunggu waktu yang lebih baik untuk mentransfer nilai. Untuk percaya bahwa itu diinginkan! Pada awal tahun 2017, kapitalisasi aset digital lebih kurang $27 miliar USD dan pertengahan tahun $180 miliar USD. Pada tahun 2018, sekarang sekitar $800 milyar USD dan lebih dari 325.000 transaksi diproses pada blockchain Bitcoin dalam satu hari. Volume harian di Pertukaran New York Stock adalah sekitar $75 juta dalam transaksi, volume pasar valuta asing adalah sekitar $4,5 milyar USD. Jika kita menganggap bahwa bagian dari volume pasar tradisional secara bertahap akan dipindahkan ke pasar baru ini, perkembangannya baru saja dimulai. Dan bagi mereka yang percaya bahwa crash pasar saham sudah dekat, pernyataan ini bahkan lebih masuk akal. Review Pasar Kemajuan terbaru dalam teknologi blockchain sangat menarik. Pengembang mengenakan kaos dengan unicorn, llamas, dan piring terbang telah dengan senang hati memberikan kontrak yang cerdas kepada kami. Beberapa swap atom antara blockchain sudah dibuat tanpa campur tangan pihak ketiga dan Jaringan Lightning sudah digunakan. Semua orang membicarakannya tetapi kami masih tanpa solusi yang dapat diandalkan untuk secara aktif atau secara algoritme menegosiasikan aset digital di lingkungan yang aman dan dengan alat profesional. Revolusi berikutnya adalah teknologi moral dan blockchain yang memberi kita alat baru untuk bergerak menuju realitas ini. Satoshi cukup baik untuk menyelesaikan masalah pengeluaran ganda, kontrak cerdas memungkinkan eksekusi konsensual tanpa intervensi pihak ketiga, pertukaran atom memungkinkan transfer nilai antara blockchain yang berbeda dan transfer instan Jaringan Lightning ke biaya rendah. Langkah selanjutnya adalah pertukaran likuid terdesentralisasi dengan kontrak pintar dan mampu melakukan swap atom dan ribuan transaksi per detik tanpa gesekan. Analisis situasi mengungkapkan kekurangan dari sistem pertukaran terpusat di tempat. Di satu sisi, pertukaran aset digital terpusat sudah tertutup, hanya masalah penampilan jika bukan waktu. Mengingat masalah masa lalu dan ketidakmampuan mereka untuk bersaing dengan apa yang akan terjadi, mereka tidak memiliki masa depan. Kami masih harus memberi mereka kredit karena sejak 2009 hingga saat ini, pasar yang berkembang dari aset digital adalah salah satu yang paling berisiko. Berisiko untuk pengguna tetapi juga untuk pertukaran itu sendiri: dari sudut pandang legislatif, teknologi dan keuangan. Pengusaha pertukaran ini memberi pengguna akses pertama ke pasar ini. Kita harus berterima kasih kepada mereka. Platform perdagangan yang indah didirikan menyediakan likuiditas dan spread beli/jual yang terhormat serta alat-alat canggih seperti perdagangan margin dan pembiayaan margin. Sayangnya, solusi yang ada saat ini tidak memenuhi harapan klien yang lebih berpengalaman, bahkan bukan pengguna pemula. Siapa yang belum melihat nilai akun perdagangannya berkurang sepertiganya, jika tidak hilang sama sekali, setelah pertukaran terpusat adalah "korban peretas". Seminggu baru, peretasan baru dalam jumlah selalu lebih mengesankan. Secara obyektif, keamanan pertukaran aset digital terpusat tidak dapat disangkal. Apa yang harus dipikirkan tentang batas penarikan harian, jika tidak diminta untuk membayar pajak penghasilan pada penarikan nilai tukar, tanpa penilaian objektif keuntungan/kerugian, sebaliknya menderita penolakan penarikan. Pada 2018, semua bursa yang berbasis di Amerika Serikat telah menjadi usang. Daftar situasi yang tidak dapat diterima itu sangat mendalam dan membingungkan negosiator yang paling berpengetahuan .Jumlah hacks mingguan selalu lebih mengesankan -Pertukaran populer ditutup selama 72 jam di 24/24 jam pasar aktif -Cek identitas tidak dijawab lebih dari 3 bulan setelah permintaan untuk membuka akun Kesalahan penarikan otomatis di akun pengguna bank yang menyebabkan situasi sulit untuk mereka. -Permintaan untuk deposit awal astronomi -Terlalu banyak leverage dalam produk CFD atau tidak ada leverage margin di suatu tempat. -Kutipan membeku, pergerakan harga yang tidak jelas yang memicu stop order dengan cepat kembali ke harga masuk Negosiasi pada pertukaran terpusat ini menempatkan pengguna dalam posisi sandera. Belum lagi kekuatan tirani mereka untuk daftar, menghapus atau menyangkal aset digital dengan cara yang sepenuhnya sewenang-wenang - Bitshares. Dan meskipun upaya mereka untuk membuat platform mereka ramah-pengguna, sebagian besar pertukaran ini tidak termasuk alat yang diperlukan untuk negosiasi aktif atau dengan algoritmik. Presentasi grafik dan alat analisis sebagian besar berkualitas buruk, jenis pesanan tidak mencukupi dan presentasi mereka membingungkan. Platform ini sebenarnya adalah replika alat profesional amatir. Dalam yang terbaik dari semua dunia yang mungkin, pertukaran terdesentralisasi mengendurkan celah keamanan ini yang menyakitkan pertukaran terpusat. Beberapa inisiatif telah menunjukkan hasil yang menarik. Bisc, Bitshares dan platform pertukaran yang terdesentralisasi di Komodo adalah contoh yang sangat bagus. Bisc memungkinkan pembelian aset digital melalui transfer bank, Bitshares dapat melakukan 100.000 transaksi per detik (lebih dari gabungan Visa dan Mastercard) dan Komodo memungkinkan pertukaran atom - transfer nilai antara blockchain yang berbeda. Tanpa menyebutkan fitur cerdik lainnya dari platform ini, mereka adalah langkah kedua yang tidak dapat diabaikan menuju sistem pertukaran aset digital aman yang efisien dan dapat diandalkan untuk penggunanya. Apa yang hilang jika semua potongan teka-teki sudah terpasang? Bahkan, pertukaran terdesentralisasi ini memiliki kelemahan yang besar: likuiditas mereka. Jika seseorang berdiam pada studi tentang pertukaran ini, fakta ini menjadi sangat jelas. Tidaklah mungkin untuk secara aktif memperdagangkan BTC/USD dengan spread Bid/Ask sebesar $200 atau "selip" lebih dari 4% pada harga masuk karena volume yang kurang. Tidak ada diskusi mengenai hal ini dan ICO terbaru dari pertukaran terdesentralisasi tidak menjelaskan bagaimana mereka akan menyelesaikan masalah besar ini. Itu gajah di kamar. Ini belum lagi pilihan bisnis mereka untuk menawarkan kesempatan kepada siapa pun untuk membuat token mereka sendiri di platform mereka dalam waktu kurang dari 5 menit. Pendekatan ini hanya memperburuk situasi kurangnya likuiditas dengan menipiskan daftar aset berharga yang disajikan kepada pengguna. Benar-benar "gratis untuk semua". Itulah mengapa solusi penting lainnya dari pertukaran terdesentralisasi yang disajikan di bawah model token ERC20 tidak benar-benar menarik, bahkan dengan volume perdagangan yang terhormat. Selain itu, hampir tidak mungkin untuk mengevaluasi nilai aset ketika pasangan ini didirikan dengan token "rumah". Sekelompok kecil aset digital "blue chip" lebih disukai untuk perdagangan aktif atau otomatis. Sayangnya, meskipun peningkatan keamanan yang tak dapat disangkal, solusi pertukaran yang terdesentralisasi belum memenuhi kebutuhan para pedagang aktif dan algoritma. Tergoda dalam perdagangan aktif atau algoritmik di pasar aset digital telah menjadi pengalaman yang menyakitkan dan berisiko. Dan volatilitas bukanlah penyebab utama risiko ini. Sentralisasi pertukaran tidak lagi menjadi solusi dan pertukaran yang terdesentralisasi tidak memenuhi kebutuhan negosiator yang sesungguhnya. Pilihan apa lagi yang tersisa? Konsep pertukaran ideal sudah jelas, itu belum diterapkan. Hal ini dapat dimengerti karena perlu menunggu sampai setiap bagian diam-diam dan cerdik, diciptakan. Pengakuan kami untuk para pengembangnya tidak terbatas. Meskipun pembukaan beberapa pertukaran terdesentralisasi ke konsep inovatif, dunia aset digital masih kurang infrastruktur dasar untuk menetapkan pilar pasar besok. Pendidikan massal, pembentukan portofolio yang mudah digunakan, aman, cair dan perputaran cepat - masih banyak yang harus dilakukan. InziderX akan melakukan bagiannya dengan menyediakan pedagang aktif dan algoritmik pertukaran aman yang menggabungkan alat negosiasi canggih dengan teknologi terbaru https://inziderx.io/docs/InziderX.io-Whitepaper-IND.pdf #InziderX #Exchange #ico https://inziderx.io/
Colored coins (decentralized exchange): we need developers to complete client implementation faster
It is a bad thing because it bloats blockchain. The approach we use now puts no extra data into blockchain, it creates only ordinary Bitcoin transactions, which are not different from trade transactions. Vilifying colored coins for this reason makes as much sense as vilifying selling coffee for Bitcoins: if millions of cups of coffee will be sold each day, it will create a lot of blockchain bloat!
You should use a separate blockchain because it rustles my jimmies. Well, we use specifically the Bitcoin blockchain for a good reason: it enables trading securities for Bitcoins directly, with no 3rd party involved, and securely. This is what we want and this is what people want.
Namecoin was first! Yes, it was, so? Use of Namecoin names for trading has much higher overhead. It is outright impossible to create a private currency on top of it, for example.
But, cross-chain trade script. It exists, but it isn't as good as atomic coin swapping which we use.
Anti-dust patch killed colored coins. It made order-based coloring much less convenient, but we now use a more general theoretic model which allows us to use different 'color schemes'. Particularly, improved version of order-based coloring eliminates all inconveniences created by anti-dust patch.
Mixing and diluting problems. This can happen only if there is a bug in colored coin wallet. But you can lose your money if there is a bug in a Bitcoin client, e.g. some people managed to pay as much as 200 BTC in fees because client software forgot to include change output. At least with colored coins, if shit happens you can try to get compensation from an issuer, as it is easy to prove that coins were destroyed. And if he is kind enough, he will just send you replacement. Also, we now use better wallet architecture which will prevent problems like this.
Moonlighting shoots for the moon with initial coin offering
Moonlighting.com, a fast-growing job-listing platform for the gig economy, is shooting for the moon in a bid to use an Initial Coin Offering to raise $25 million in cash to fund its future growth and marketing and possibly preserve its ability to remain in Charlottesville. The company, which officials said has grown sixfold in two years, so far has moved cautiously into the frenetically paced world of cryptocurrency, which, to quote comedian John Oliver, combines “everything you don’t understand about money with everything you don’t understand about computers.” “2017 was Wild West City — we had an iced tea company just add ‘blockchain’ to their name and see their value shoot up,” said Moonlighting CEO Jeff Tennery. “2018 will be the Year of Compliance,” with reputable companies releasing tokens that are compliant with securities regulations. An ICO is sort of a hybrid between an Initial Public Offering (of stock) and a crowdfunding campaign. In exchange for actual cash, investors get cryptocoins from the company. Moonlighting’s ICO, which will be structured as a “simple agreement for future equity with token allocation” (or SAFE-T), will be open only to accredited investors who meet certain minimum income and net worth regulatory guidelines. A SAFE-T is similar to a convertible note but, instead of the loan converting into equity, it converts into a share of Moonlighting’s cryptocurrency, Tennery said. ICOs raised $6.6 billion in 2017, and more than $7.15 billion so far in 2018 — even after Bitcoin prices crashed earlier this year, according to Token Report, a cryptocurrency research firm. Moonlighting’s offering is modest compared to some recent blockbuster ICOs, some of some of which haven’t even involved existing products or established companies. In the largest ICO ever, which closed June 1, block.one, a Cayman Islands-based blockchain platform company, raised $4.1 billion despite not having a product ready to launch, according to the Wall Street Journal and CNBC. (Block.one’s chief technology officer, Dan Larimer, lives in Christiansburg, Virginia, and founded two other high-profile crypto companies, Bitshares and Steemit, after making a fortune off a $20 early investment in Bitcoin.) In contrast to some of these speculative ICOs, Tennery said, “we are a fully-operational business with real customers, real revenue and a real tangible product that is already in operation and is only going to get better with blockchain technology.” Since its 2014 founding in Charlottesville, Moonlighting has built and operated a platform that connects people with freelance job opportunities. The site has more than 650,000 registered freelancers around the world, up from 100,000 in 2016. The goal, Tennery said, is to push its numbers up to 5 million to 6 million users, and to “be much tighter with monetization” of its product. Currently, freelancers pay about $10 per month to use the service, while the fees for employers are more open-ended, depending on advertising and partnership deals, he said. Through earlier funding rounds, the company raised $6.3 million, Tennery said. “We haven’t spent a lot on marketing so far, so this will help us market like we’ve never marketed before,” Tennery said. “It will also help us grow the user base into the millions and incorporate more value into the platform so people are willing to pay to be part of it.” But, as former venture capitalist — and current crypto skeptic — Aaron Fernstrom put it, “All cash isn’t created equal.” Compared to more traditional forms of early fundraising — including venture capital, which may come from just a few investors — an ICO involving thousands of smaller investors will typically enable its founders to retain control of their company. The HBO series “Silicon Valley” portrays the rise of a fledgling tech company led by a young, anxiety-ridden CEO who’s forced to make existential choices nearly every day. In Season 5, Episode 7, Richard Hendricks has to choose between raising $30 million for the Pied Piper internet platform from a ruthless venture capitalist or launching a risky ICO. The episode, “Initial Coin Offering,” illustrates the trade-offs between the two alternatives: Lobbying hard for the ICO route, shaggy software engineer Bertram Gilfoyle says, “There are very few things that I will defend with true passion: medical marijuana, the biblical Satan as a metaphor for rebellion against tyranny, and [expletive] [expletive] cryptocurrency.” For Gilfoyle, and many real-life crypto-enthusiasts, crypto is a belief bordering on religion. “Crypto is out there, and it’s not going away,” Gilfoyle said. Even if the Pied Piper coin is worth less than the $30 million in venture capital funding, Gilfoyle says, “We would still gain control, autonomy, board seats and shares, and you wouldn’t have to rely on a VC who once fired you from your own company.” Arguing the counterpoint, the VC character, Monica Hall says, somewhat indignantly, “As if the $30 million you were getting wasn’t good enough, we provide you with marketing, networking, staffing; we help you navigate partnerships and regulations — all these things that are changing by the minute. Gilfoyle, can you help with any of that?” In the real world, Fernstrom, who is currently serving as the associate director of the Mayo Center for Asset Management at the University of Virginia Darden School of Business, errs generally on Monica’s side of that argument. “I don’t think we’ve seen those benefits [for] enterprises issuing ICOs or other crowd-sourced methods of fundraising,” Fernstrom said. Still, Fernstrom acknowledges ICOs can provide an easier and quicker way of raising capital in a company’s early stages without giving away a big chunk of the company. “And this, ultimately, is a great thing,” Fernstrom said. Tennery and co-founders Roy Slater and Ritesh Johar don’t exactly need that extra guidance, Tennery said. “We come from Capital One, Verizon and AOL backgrounds,” he said. “We know how to raise money, manage money and build successful companies.” By foregoing venture capitalists, the company also has a better shot at staying in Charlottesville long-term, Tennery said. “The decentralizing of our investment community will be good for us to [be able to] maintain our presence in Virginia,” he said. That said, he acknowledged the possibility of setting up satellite offices in San Francisco or New York, as well as Toronto and London as the company expands into Canada and the United Kingdom this year. Blockchain is also intrinsic to Moonlighting’s vision, and not just a buzz-generating add-on. The coin offering is part of a three-pronged blockchain strategy for Moonlighting. After the ICO, the co-founders say they will use the underlying blockchain technology to build trust into the system — and further its reputation as “Craigslist without the creepiness.” Generally speaking, “the blockchain” is a continually updated ledger of information, such as votes or transactions. By openly distributing copies of the ledger across wide networks of computers that then compare their ledger copies against each other’s, the open ledger actually becomes more secure and trustworthy. Ironically, industry lingo calls this approach “trustless,” but that just means users aren’t placing their trust in any one particular person or institution. By using blockchain technology to store user profiles, work histories and reviews, Moonlighting’s freelancers and employers will be able to trust the validity of that information. Users could also link the information more easily to other hiring sites, Slater said in a March interview, before the ICO was announced. “That’s good; I like that,” Fernstrom said, when the Moonlighting strategy was described to him in March. “That’s officially the most reasonable [blockchain] use-case I’ve heard.” The third prong involves the release of a “Moonbit” cryptocurrency, which will allow employers to pay freelancers in Moonbit, with potentially lower transaction fees, especially in cross-border transactions. Moonbit, which would probably be considered a utility token by regulators, will also enable the company to dole out Moonbit to reward users and partners. “That’s the third piece for us,” Tennery said. “We’re going to come back and do that later this year, if the SEC provides greater clarity on utility tokens.” In addition to the regulatory hurdles facing the Moonbit, there’s also a question of whether the market will accept it, given the volatility of cryptocurrencies and all the headaches that may engender. “I doubt that I’d be very interested in being paid in Moonbit,” Jim Allen, head of capital markets policy for CFA Institute’s Americas region, said in March. “I’d rather be paid in dollars.”
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Trading Bitcoin - What Will This Stock Crash At the Open Do to Bitcoin?
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