Category Archives: Investing

A taxi for taxi

As long as uberization (connecting providers of service and customers directly, through online services) takes over more and more new markets, the uber-idea itself also undergoes changes. We learned from Taras Semenov, CEO of the CarTaxi project, how the blockchain technology makes it possible to improve uber models.

- What are the advantages of the blockchain platform?

- A little about the basics. A large number of new projects aimed to automate various sectors of the economy today rely on the blockchain. At the dawn of the development of blockchain technology in Russia, German Gref, Elvira Nabiullina, and Igor Shuvalov immediately drew attention to it. Blockchain can become a tool for economic growth. This is a functional innovation that will affect many areas and will replace the centralized management system. The principle of “one window” is not in vain considered as an advantage in the services industry: society is tired of red tape and waiting in lines. Blockchain is one window in which all transactions that pass through it are registered reliably and transparently. Blockchain is called a decentralized system because data is recorded simultaneously on a variety of computers around the world, and therefore they can not be faked and deleted. A centralized control system, already familiar to us, loses in many ways to a new way of managing data. First, all operations and documents are registered by people and stored in special registries, pass several stages of data transfer between people, units and companies. Time is spent on verification and confirmation. This is much longer than creating a record in the blockchain, which will take several seconds. Secondly, in such a system errors in the transmission of information are inevitable due to the influence of the human factor. Thirdly, it is vulnerable: registries and databases are subject to hacking, the data in them are not always encrypted and can become the target of intruders. In addition to all of the above, the centralized system of operations management can now be considered expensive, as it requires high labor costs and material security, the need for which is lost when using blockchain.

- And if you connect uberization and blockchain, what will happen?

- In businesses based on blockchain technology, decentralization is manifested in simultaneous registration and storage of data on a variety of computers around the world. Thus, a single database appears, which is reproduced simultaneously for all network members. The principle of decentralization in this case provides a guarantee of data security and access to data for participants in operational activities. First, this advantage is appreciated by companies in the finance industry.

- You yourself work on the principle of Uber, but instead of a taxi a tow truck comes …

- Yes, if your car broke down you do not need to wait any longer, plus the approximate cost of the order is immediately visible. This service is available in all the cities of presence through one mobile application. When a car owner opens the application, available tow trucks are already visible on the map, ready to come to the rescue. To order, you need to enter data about your car, damages and put the point on the map where the car needs to be delivered. The current location is determined automatically. Based on the parameters (load capacity, clearance, availability of blocked elements), the platform determines the suitable tow truck. With the help of geolocation, the movement of the tow truck can even be monitored on the map. In this case, drivers of tow trucks receive payment based on a single tariff. Commission of CarTaxi is 15%. However, for the client, such payment is overwhelmingly cheaper than an order from a car towing company directly. The main factor of the high price in the second case is the remoteness of available tow trucks from the car owner and the cost of resources for the “idle run” of the equipment. Finding the nearest tow truck by contacting a call center in an unfamiliar location is almost impossible without a special service. CarTaxi acts as a logistics intermediary between the client and the performer. And the wider the network of performers in CarTaxi, the more universal the service becomes. Today, the number of cities in which we work exceeds 40 and is constantly growing. We reached this coverage in three months. In the near future, the project will expand to the US and China, and then to other countries. Global coverage for CarTaxi users will provide transportation of the car abroad through the usual convenient interface and with uniform tariffs. And in the fourth quarter of 2017 on the CarTaxi platform, we planned to activate the blockchain technology based on the Ethereum smart contract.

Blockchain in CarTaxi allows you to keep a clear account of the performers’ balances and payments to them for services. It stores the entire history of orders with their parameters. Accordingly, a transparent system is created to monitor operating activities and revenues by all stakeholders (including investors). We have provided the following scenarios for the use of a smart contract: registration of accounts of performers and partners, as well as clients; creating an order and managing its life cycle; mutual settlement with performers and partners; repurchase of tokens by the company, payment of dividends to tokenholders. Let’s sum it up so that there is no confusion: Uber is our model of order distribution. A blockchain is a system of building our records. All information about orders assigned and executed, their parameters, and calculations is recorded there. This is the basis of our CRM (customer relationship management) and PRM (partners relationship management).

- What are the prospects for the car market, if it is more important for people to get to places, no matter if they use their own car or not?

- Analysts tend to believe that the automobile market will grow by 3–5% per year. So, the question of servicing this market is relevant. And we are seeing an increase in the number of popular services for drivers. However, so far most of them are local, that is, cover only one region. For example, there are a number of applications that aggregate car servicing. In 2017, CarFix expanded the number of services provided within the application framework. In addition to the fact that you can find a car repair shop at home and save 20–40% on car maintenance, the application reminds the driver of the need for repair, takes into account the wear and tear of parts and picks up the car service on request. Among other services for drivers is “MultiGO Fuel” with detailed information about refueling (location, discounts, prices), Fast and Shine, which calls a car wash in the necessary place and so on.

- I’m getting an impression that if you also apply blockchain, you can uberize any task …

- This is a big question — is it possible to uberize all spheres. The good market must correspond to a number of parameters. In particular, the pool of both customers and performers should be quite extensive, and the service itself should be formulated simply. For example, “To get from point A to point B or buy a plane ticket from point A to point B”.

Link to the source: http://ponedelnikmag.com/post/taksi-dlya-taksi

Home - CarTaxi

RE-SHAPING THE ICO: TOKEN AS CRYPTO-EQUITY

For almost three years now, one of the hottest topics in the Fintech landscape has been the boom of ICOs, a new method to raise funds that has become more and more the main funding of choice for all kinds of cryptocurrency startups projects. Initial Coin Offering became a very familiar expression during the Ethereum release in July 2015, since then ICOs solidified their ability to raise huge amounts of funds. Just in the first half of 2107, ICOs were able to bring in $327 million according to CoinDesk recent report Q1 2017 State of Blockchain.

Photo by Markus Spiske on Unsplash

Those numbers describe an impressive growth for an instrument that still has to be in many ways both completely understood and regulated.

This become apparent in September 2017, when Chinese authorities put an abrupt halt to the ICOs boom, banning and deeming illegal the practice of raising funds through launches of token-based digital currencies. Seven government administrations including the People’s Bank of China, China Securities Regulatory Commission, China Banking Regulatory Commission and China Insurance Regulatory Commission, issued a joint statement where they defined ICOs as unauthorized illegal fund raising activities.

Regulatory issues seem to be ingrained in the Initial Coin Offering short history and have been discussed in many outlets with great difficulties in defining clearly both the status quo and its possible developments. The more interesting findings on the ICOs, though, have been focusing not much, and not only, on the implications of the ever arising regulatory issues, needs and failures, or on weather it will be interventions, such as the Chinese or the American SEC, to determine ICO’s survival or death.

Given the scope of the matter, the regulatory aspects have made the headlines: the Chinese ICOs market in July and August 2017 alone, raised something like $766 million worth of cryptocurrencies tokens. The numbers are surely impressive and the regulatory issues are accordingly relevant and complex: to a certain extent, they sound potentially able to (at least) jeopardize the entire life of ICOs as we know them so far.

Photo by Lily Lvnatikk on Unsplash

But, what is at stake here is much more then a regulatory crusade (potentially) taking on ICOs by storm.

As important as the regulatory debate and its consequences are, the approaches that have more relevance to move forward the conversation are the ones trying to broaden the ICO discussion well over its regulatory aspects towards a definition of a sustainable ICO model. Or rather: approaches to it that are using the analysis of some specific aspects, like the regulatory ones, as a platform to open up a larger discussion on the nature of ICOs themselves as a powerful means for fintech startups that are aiming at bringing on a radical paradigm shift, to revolutionize the investing sector as a whole.

In the attempt to define a more sustainable way of approaching and using the ICOs, we can start from discussing some of its very fundamental and constitutional features.

The ICO was created as an instrument to enable startups, through a direct approach to the investors, in finding new ways, more efficient and more organic to their nature, of unlocking capital to fund their projects. Here, the underlying idea is that the ICO has been somehow missing out on the opportunity to become one of the main tools to build a new paradigm for the new financial landscape.

Photo by Seb Zurcher on Unsplash

A classic Initial Coin Offering can be compared to a crowdfunding, a digital crowdsale where a company issues its own tokens, the equivalent of digital certificates to have an early access to the products or services of the company. The tokens are then auctioned in exchange of cryptocurrencies (like Bitcoin or, more recently, Ether) to fund the development of a project, fund its team and its operations.

In this primitive ICO model, as said, the token was considered as an early product access. The launch of Ethereum in 2015 brought about an early shift, introducing the concept of decentralised smart contracts: in the Ethereum blockchain became possible not only to circulate the original tokens representing an access to future or existing products, but also to create tokens with different values and to exchange and trade them. ICOs have moved from then on to become a primary source of funding for all kinds of cryptocurrencies projects and companies.

At this point, it is important to pause for a moment to question the very nature of tokens. What are the buyers really buying when they buy a token?

In the answer to this question lies one of the most potentially fruitful points in these on-going conversations about a new sustainable ICO model. In fact, at this stage a gap can be detected in the understanding between the token issuers and the buyers, one that will probably shed a light on the whole ICOs dilemma.

As a matter of fact, when buying a token a buyer is evaluating something more then just the product itself and the possibility to have a privileged access to it. The buyer is evaluating the company’s project as a whole, the team involved, its objectives and strategies, the potential of the entire operation to succeed commercially in the time frame indicated. And thus the profitability of the token, that is the potential to increase is value over time. What emerges is that the buyer is oriented to bet on the token well beyond its supposed value as an early access to the product, if even buyers can be interested in having access to a final product at all.

This gap in the understanding of the token from a buyer standpoint and, conversely, in the definition of the token by the issuer, is one that is contributing in creating a sort of bubble where ICOs are loosing to a certain degree their credibility. And, furthermore, their effectiveness as an instrument to “involve” the buyers into a process that transcends the scope of a conventional crowdfunding. And thus limiting the potential the ICO seems to have, that is to become a disruptive model and a viable tool for fintech startups willing to reshape radically the investing landscape.

Photo by Tomasz Frankowski on Unsplash

It is here in this gap, though, that it will be most likely possible to find some of the keys to define, or contribute in shaping, a more sustainable ICO model.

If a token is not just representing an early access to a product certificate, but has a more specific and broaden value for a potential buyer, one that is more organic to the company’s core business itself, or at least to its potential and, more importantly, to its actual development. Then, a token can be considered as a sort of equity, an equity of a new specimen: a Crypto-Equity.

An ICO that issues such Crypto-Equity is more likely to really create a virtuous cycle where both parties are involved. The buyer, if eligible, can in the future redeem the tokens in exchange for real company’s shares via platforms that are regulated and transparent in their operations. The company’s tokens can also be traded in a secondary market, offering the token holders a more liquid option. The token as a Crypto-Equity has also another relevant virtuous consequence that is related to the issuer: if the token holder, as said, is investing in the company’s development and potential success, then the company is, in return, more directly called to execute the plans presented in auctioning the tokens, to keep moving forward the growth of the token’s value. Consequently increasing the value of the whole company, that is of its equity as well, in a potentially virtuous cycle that could be beneficial for all the parties involved.

Photo by Tomasz Frankowski on Unsplash

Summarising, a Crypto-Equity ICO can become an effective tool for the fintech companies that are offering investors a solid business model with real potential to be commercially successful. A tool that needs to be shaped, of course: a Crypto-Equity ICO is in this sense an opportunity for startups that have in their blood both innovation and technology, startups that are already building their products and services by developing AI and blockchain oriented models, startups that are looking forward to contribute in building a new and still unknown market.

The scenario is as challenging and magmatic as it can be, with still a lot of room for unexpected developments and changes, and for more analysis and different points of view to delve into.

Tokens as Crypto-Equity have yet to be proven as effective as they seem to be. Taking risks, though, is in the nature of the game of change.

Please share your comments and opinions with us to keep the conversation moving forward!

Giuseppe Solinas
Chief Editor of Elpis Investments, The first AI Crypto-Assets Investment Fund: www.elpisinvestments.com, info.elpisinvestments@gmail.com

Originally published at medium.com on September 21, 2017.

RE-SHAPING THE ICO: TOKEN AS CRYPTO-EQUITY

For almost three years now, one of the hottest topics in the Fintech landscape has been the boom of ICOs, a new method to raise funds that has become more and more the main funding of choice for all kinds of cryptocurrency startups projects. Initial Coin Offering became a very familiar expression during the Ethereum release in July 2015, since then ICOs solidified their ability to raise huge amounts of funds. Just in the first half of 2107, ICOs were able to bring in $327 million according to CoinDesk recent report Q1 2017 State of Blockchain.

Photo by Markus Spiske on Unsplash

Those numbers describe an impressive growth for an instrument that still has to be in many ways both completely understood and regulated.

This become apparent in September 2017, when Chinese authorities put an abrupt halt to the ICOs boom, banning and deeming illegal the practice of raising funds through launches of token-based digital currencies. Seven government administrations including the People’s Bank of China, China Securities Regulatory Commission, China Banking Regulatory Commission and China Insurance Regulatory Commission, issued a joint statement where they defined ICOs as unauthorized illegal fund raising activities.

Regulatory issues seem to be ingrained in the Initial Coin Offering short history and have been discussed in many outlets with great difficulties in defining clearly both the status quo and its possible developments. The more interesting findings on the ICOs, though, have been focusing not much, and not only, on the implications of the ever arising regulatory issues, needs and failures, or on weather it will be interventions, such as the Chinese or the American SEC, to determine ICO’s survival or death.

Given the scope of the matter, the regulatory aspects have made the headlines: the Chinese ICOs market in July and August 2017 alone, raised something like $766 million worth of cryptocurrencies tokens. The numbers are surely impressive and the regulatory issues are accordingly relevant and complex: to a certain extent, they sound potentially able to (at least) jeopardize the entire life of ICOs as we know them so far.

Photo by Lily Lvnatikk on Unsplash

But, what is at stake here is much more then a regulatory crusade (potentially) taking on ICOs by storm.

As important as the regulatory debate and its consequences are, the approaches that have more relevance to move forward the conversation are the ones trying to broaden the ICO discussion well over its regulatory aspects towards a definition of a sustainable ICO model. Or rather: approaches to it that are using the analysis of some specific aspects, like the regulatory ones, as a platform to open up a larger discussion on the nature of ICOs themselves as a powerful means for fintech startups that are aiming at bringing on a radical paradigm shift, to revolutionize the investing sector as a whole.

In the attempt to define a more sustainable way of approaching and using the ICOs, we can start from discussing some of its very fundamental and constitutional features.

The ICO was created as an instrument to enable startups, through a direct approach to the investors, in finding new ways, more efficient and more organic to their nature, of unlocking capital to fund their projects. Here, the underlying idea is that the ICO has been somehow missing out on the opportunity to become one of the main tools to build a new paradigm for the new financial landscape.

Photo by Seb Zurcher on Unsplash

A classic Initial Coin Offering can be compared to a crowdfunding, a digital crowdsale where a company issues its own tokens, the equivalent of digital certificates to have an early access to the products or services of the company. The tokens are then auctioned in exchange of cryptocurrencies (like Bitcoin or, more recently, Ether) to fund the development of a project, fund its team and its operations.

In this primitive ICO model, as said, the token was considered as an early product access. The launch of Ethereum in 2015 brought about an early shift, introducing the concept of decentralised smart contracts: in the Ethereum blockchain became possible not only to circulate the original tokens representing an access to future or existing products, but also to create tokens with different values and to exchange and trade them. ICOs have moved from then on to become a primary source of funding for all kinds of cryptocurrencies projects and companies.

At this point, it is important to pause for a moment to question the very nature of tokens. What are the buyers really buying when they buy a token?

In the answer to this question lies one of the most potentially fruitful points in these on-going conversations about a new sustainable ICO model. In fact, at this stage a gap can be detected in the understanding between the token issuers and the buyers, one that will probably shed a light on the whole ICOs dilemma.

As a matter of fact, when buying a token a buyer is evaluating something more then just the product itself and the possibility to have a privileged access to it. The buyer is evaluating the company’s project as a whole, the team involved, its objectives and strategies, the potential of the entire operation to succeed commercially in the time frame indicated. And thus the profitability of the token, that is the potential to increase is value over time. What emerges is that the buyer is oriented to bet on the token well beyond its supposed value as an early access to the product, if even buyers can be interested in having access to a final product at all.

This gap in the understanding of the token from a buyer standpoint and, conversely, in the definition of the token by the issuer, is one that is contributing in creating a sort of bubble where ICOs are loosing to a certain degree their credibility. And, furthermore, their effectiveness as an instrument to “involve” the buyers into a process that transcends the scope of a conventional crowdfunding. And thus limiting the potential the ICO seems to have, that is to become a disruptive model and a viable tool for fintech startups willing to reshape radically the investing landscape.

Photo by Tomasz Frankowski on Unsplash

It is here in this gap, though, that it will be most likely possible to find some of the keys to define, or contribute in shaping, a more sustainable ICO model.

If a token is not just representing an early access to a product certificate, but has a more specific and broaden value for a potential buyer, one that is more organic to the company’s core business itself, or at least to its potential and, more importantly, to its actual development. Then, a token can be considered as a sort of equity, an equity of a new specimen: a Crypto-Equity.

An ICO that issues such Crypto-Equity is more likely to really create a virtuous cycle where both parties are involved. The buyer, if eligible, can in the future redeem the tokens in exchange for real company’s shares via platforms that are regulated and transparent in their operations. The company’s tokens can also be traded in a secondary market, offering the token holders a more liquid option. The token as a Crypto-Equity has also another relevant virtuous consequence that is related to the issuer: if the token holder, as said, is investing in the company’s development and potential success, then the company is, in return, more directly called to execute the plans presented in auctioning the tokens, to keep moving forward the growth of the token’s value. Consequently increasing the value of the whole company, that is of its equity as well, in a potentially virtuous cycle that could be beneficial for all the parties involved.

Photo by Tomasz Frankowski on Unsplash

Summarising, a Crypto-Equity ICO can become an effective tool for the fintech companies that are offering investors a solid business model with real potential to be commercially successful. A tool that needs to be shaped, of course: a Crypto-Equity ICO is in this sense an opportunity for startups that have in their blood both innovation and technology, startups that are already building their products and services by developing AI and blockchain oriented models, startups that are looking forward to contribute in building a new and still unknown market.

The scenario is as challenging and magmatic as it can be, with still a lot of room for unexpected developments and changes, and for more analysis and different points of view to delve into.

Tokens as Crypto-Equity have yet to be proven as effective as they seem to be. Taking risks, though, is in the nature of the game of change.

Please share your comments and opinions with us to keep the conversation moving forward!

Giuseppe Solinas
Chief Editor of Elpis Investments, The first AI Crypto-Assets Investment Fund: www.elpisinvestments.com, info.elpisinvestments@gmail.com

Originally published at medium.com on September 21, 2017.

RE-SHAPING THE ICO: TOKEN AS CRYPTO-EQUITY

For almost three years now, one of the hottest topics in the Fintech landscape has been the boom of ICOs, a new method to raise funds that has become more and more the main funding of choice for all kinds of cryptocurrency startups projects. Initial Coin Offering became a very familiar expression during the Ethereum release in July 2015, since then ICOs solidified their ability to raise huge amounts of funds. Just in the first half of 2107, ICOs were able to bring in $327 million according to CoinDesk recent report Q1 2017 State of Blockchain.

Photo by Markus Spiske on Unsplash

Those numbers describe an impressive growth for an instrument that still has to be in many ways both completely understood and regulated.

This become apparent in September 2017, when Chinese authorities put an abrupt halt to the ICOs boom, banning and deeming illegal the practice of raising funds through launches of token-based digital currencies. Seven government administrations including the People’s Bank of China, China Securities Regulatory Commission, China Banking Regulatory Commission and China Insurance Regulatory Commission, issued a joint statement where they defined ICOs as unauthorized illegal fund raising activities.

Regulatory issues seem to be ingrained in the Initial Coin Offering short history and have been discussed in many outlets with great difficulties in defining clearly both the status quo and its possible developments. The more interesting findings on the ICOs, though, have been focusing not much, and not only, on the implications of the ever arising regulatory issues, needs and failures, or on weather it will be interventions, such as the Chinese or the American SEC, to determine ICO’s survival or death.

Given the scope of the matter, the regulatory aspects have made the headlines: the Chinese ICOs market in July and August 2017 alone, raised something like $766 million worth of cryptocurrencies tokens. The numbers are surely impressive and the regulatory issues are accordingly relevant and complex: to a certain extent, they sound potentially able to (at least) jeopardize the entire life of ICOs as we know them so far.

Photo by Lily Lvnatikk on Unsplash

But, what is at stake here is much more then a regulatory crusade (potentially) taking on ICOs by storm.

As important as the regulatory debate and its consequences are, the approaches that have more relevance to move forward the conversation are the ones trying to broaden the ICO discussion well over its regulatory aspects towards a definition of a sustainable ICO model. Or rather: approaches to it that are using the analysis of some specific aspects, like the regulatory ones, as a platform to open up a larger discussion on the nature of ICOs themselves as a powerful means for fintech startups that are aiming at bringing on a radical paradigm shift, to revolutionize the investing sector as a whole.

In the attempt to define a more sustainable way of approaching and using the ICOs, we can start from discussing some of its very fundamental and constitutional features.

The ICO was created as an instrument to enable startups, through a direct approach to the investors, in finding new ways, more efficient and more organic to their nature, of unlocking capital to fund their projects. Here, the underlying idea is that the ICO has been somehow missing out on the opportunity to become one of the main tools to build a new paradigm for the new financial landscape.

Photo by Seb Zurcher on Unsplash

A classic Initial Coin Offering can be compared to a crowdfunding, a digital crowdsale where a company issues its own tokens, the equivalent of digital certificates to have an early access to the products or services of the company. The tokens are then auctioned in exchange of cryptocurrencies (like Bitcoin or, more recently, Ether) to fund the development of a project, fund its team and its operations.

In this primitive ICO model, as said, the token was considered as an early product access. The launch of Ethereum in 2015 brought about an early shift, introducing the concept of decentralised smart contracts: in the Ethereum blockchain became possible not only to circulate the original tokens representing an access to future or existing products, but also to create tokens with different values and to exchange and trade them. ICOs have moved from then on to become a primary source of funding for all kinds of cryptocurrencies projects and companies.

At this point, it is important to pause for a moment to question the very nature of tokens. What are the buyers really buying when they buy a token?

In the answer to this question lies one of the most potentially fruitful points in these on-going conversations about a new sustainable ICO model. In fact, at this stage a gap can be detected in the understanding between the token issuers and the buyers, one that will probably shed a light on the whole ICOs dilemma.

As a matter of fact, when buying a token a buyer is evaluating something more then just the product itself and the possibility to have a privileged access to it. The buyer is evaluating the company’s project as a whole, the team involved, its objectives and strategies, the potential of the entire operation to succeed commercially in the time frame indicated. And thus the profitability of the token, that is the potential to increase is value over time. What emerges is that the buyer is oriented to bet on the token well beyond its supposed value as an early access to the product, if even buyers can be interested in having access to a final product at all.

This gap in the understanding of the token from a buyer standpoint and, conversely, in the definition of the token by the issuer, is one that is contributing in creating a sort of bubble where ICOs are loosing to a certain degree their credibility. And, furthermore, their effectiveness as an instrument to “involve” the buyers into a process that transcends the scope of a conventional crowdfunding. And thus limiting the potential the ICO seems to have, that is to become a disruptive model and a viable tool for fintech startups willing to reshape radically the investing landscape.

Photo by Tomasz Frankowski on Unsplash

It is here in this gap, though, that it will be most likely possible to find some of the keys to define, or contribute in shaping, a more sustainable ICO model.

If a token is not just representing an early access to a product certificate, but has a more specific and broaden value for a potential buyer, one that is more organic to the company’s core business itself, or at least to its potential and, more importantly, to its actual development. Then, a token can be considered as a sort of equity, an equity of a new specimen: a Crypto-Equity.

An ICO that issues such Crypto-Equity is more likely to really create a virtuous cycle where both parties are involved. The buyer, if eligible, can in the future redeem the tokens in exchange for real company’s shares via platforms that are regulated and transparent in their operations. The company’s tokens can also be traded in a secondary market, offering the token holders a more liquid option. The token as a Crypto-Equity has also another relevant virtuous consequence that is related to the issuer: if the token holder, as said, is investing in the company’s development and potential success, then the company is, in return, more directly called to execute the plans presented in auctioning the tokens, to keep moving forward the growth of the token’s value. Consequently increasing the value of the whole company, that is of its equity as well, in a potentially virtuous cycle that could be beneficial for all the parties involved.

Photo by Tomasz Frankowski on Unsplash

Summarising, a Crypto-Equity ICO can become an effective tool for the fintech companies that are offering investors a solid business model with real potential to be commercially successful. A tool that needs to be shaped, of course: a Crypto-Equity ICO is in this sense an opportunity for startups that have in their blood both innovation and technology, startups that are already building their products and services by developing AI and blockchain oriented models, startups that are looking forward to contribute in building a new and still unknown market.

The scenario is as challenging and magmatic as it can be, with still a lot of room for unexpected developments and changes, and for more analysis and different points of view to delve into.

Tokens as Crypto-Equity have yet to be proven as effective as they seem to be. Taking risks, though, is in the nature of the game of change.

Please share your comments and opinions with us to keep the conversation moving forward!

Giuseppe Solinas
Chief Editor of Elpis Investments, The first AI Crypto-Assets Investment Fund: www.elpisinvestments.com, info.elpisinvestments@gmail.com

Originally published at medium.com on September 21, 2017.

Reading the Cycles on Bitcoin — A Position Update

Let’s begin our top-down analysis on Bitcoin by looking at the Weekly chart to get an overview of what’s been going on in the big picture. Then we can look at some smaller timeframes for an indication of where we might go from here.

I’m starting to notice the cycles are playing out in a much more, I don’t want to say predictable way, but there’s just a nice rhythm to this weekly cycle here. By that I mean the stochastic we use in our model to time the cycles has been making some nice peaks and valleys as price has ebbed and flowed, making highs and lows.

What’s so interesting, it may be subtle, but look how important this oscillation has been. Bitcoin basically peaked into $2,800 — $2,900 and the indicator crossed over in front of that move (waiting for the stochastic cross isn’t the signal, it’s just a matter of being high within the cycle and learning to trail out using some other methods) but essentially in the down cycle that followed you could have nibbled and bought into the subsequent dip into $1,800, like we did. Adding to your long position and getting more aggressive makes more sense after the cycle turns back up. More recently, you can see the cycle has now rolled over, so this isn’t a dip to just be piling back in on — you have to remain patient. We’ll look at some of the smaller timeframes for those opportunities, but there is a lot of room to the downside if this weekly cycle plays out, so we’ll see.

The trend lines on the cycles, or oscillations, really don’t matter that much but what’s interesting is that the rhythm, horizontal through time, is producing shallower and shallower cycles. That’s because this trending market is so strong. Therefore “low within the cycle” might actually be a stochastic reading in the 50–60 area. I don’t think we’ll likely see a cycle low all the way back down to readings like we had back in 2016 — it’s possible, but I’m going to consider the cycle to be low down around the 50–60 area. I’m not going to say that we’re not buying any more or adding back to our long position until we get a very oversold cycle because this cycle hardly ever gets down to those readings. Everything is relative and this is a lot different than something that’s been trading in the forex markets where you get a nice oscillation to the bottom of the range — that’s just what I’ve observed on the Weekly level. When we look at the Daily chart, it’s a little bit different — you’ll see these cycles going all the way to the bottom of the outside band and that’s great for swing trades.

I don’t know too many people that are shorting this market. It’s tough to find a good platform to short through and as a U.S.–based investor you can’t even get margin in some spots. Until the option contracts come online people may say they’re short but I’m not sure how much I believe it, nor do I believe this is a market you really want to short. Having said that, had you been swing trading this and if you caught the underside of this 8 MA and shorted the lower-high, then the move lower in the Daily cycle told you to cover your shorts well into the bottom as it became oversold.

I do want to highlight these dips on the Daily chart. I can’t talk too much about our model, but my traders know that when we break what’s called the Wave Formation Bands, you tend to get a deeper setback in price — either to the 200 period moving average or the Pi line. These dips have been so shallow in this market because it’s basically just a raging bull market. Each time price broke the bands, we’ve gotten the deeper pullback toward those levels but this market has a hard time even getting back to the 200 period moving average. Coupled with the fact that price is above the 200MA, it’s above Pi, the bands are all positive — that’s all indicative of a bull market — so don’t let anyone tell you that this is a bear market because that’s not the case. Price would have to break some serious levels before anything starts to make lower lows.

Once price started to break the recent higher low and then didn’t hold, it opened the door for a deeper pullback. You have to be patient and that’s tough to do when the market basically V-bottoms in between these bands and the 200MA. It’s tough to catch this move because you want to nibble, but you can’t really get aggressive because you have to plan for a deeper pullback towards the 200MA and/or Pi. There are only a few ways in which a market can bottom, and making a V-bottom is one of them. It’s a very difficult pattern to trade because you don’t have the opportunity of catching a higher-low or a double-bottom. Instead, price makes a new low and rebounds straight back up before you know it.

It remains to be seen what price does next now that it has made a new lower low and rebounded. Specifically, once price moved off the swing high, it broke the bands and failed to make a higher low, in fact it broke the previous higher low. So this created a new lower low and we saw a V-bottom bounce. This is now likely to be met with a lower high and is what we’ll be watching for. If price does indeed make this lower high and then heads lower, it will create an important pivot and we could get a retest of the recent lows . Whether price makes a lower low or a double-bottom, etc., doesn’t really matter. What is important when you’re looking at a pullback is to watch the pivot lower high. It’s whether or not price can get back above that pivot that will indicate when a new intermediate term uptrend is underway and a bottom is in place. It’s all about watching the lower highs.

Right now we’ve most likely just put in a lower high off the V-bottom bounce so there’s still a chance we could potentially retest $2,400, maybe even $2,000. There is a mid-July low that supports $1,750 — $1,800. Currently in this intermediate term pullback we’re just making lower highs, so the point get more aggressive or to look for the intermediate term to move back up is when we take out these pivot lower highs. This is a long-term bull market, a long-term uptrend, and this intermediate term pullback is within the context of that uptrend. So to get the intermediate term back bullish we need to see higher highs on the intermediate term timeframe — something we can look at on the 4 Hour chart.

When the market made a V-bottom, we got a Real Money Candle on the 4 Hour chart, which shows the strength of the bulls stepping in after the move to a lower low. Price then bounced to a lower high relative to the previous lower high made before the drop to $3,000. Price failed to get back to the V-bottom lows and made a higher low, then tried to move higher. I want to watch the whole area between about $4,140-$4,390 (highlighted in yellow) to see if price can get back above it. We’ve got the 200MA and some lower-high pivots. You can see how the bands have been downward-sloping and negative. If price can get back above this area, you will see the bands get back bullish and upward-sloping, price will get above the pivot highs, and then you can start thinking about a retest of basically $5,000. I like the real money candle that shows the bulls stepped in — if you give me a pullback back within the zone of this candle, around $3,400, we’re going to be buying some back. Some of you bought pretty well with us down in this dip and then we punched some out after the bounce. So if you buy a small amount into the low, and you come out of some on the bounce, you wait for the next pullback and buy some back again.

That’s how I see the most recent price action on Bitcoin. We got a V-bottom, we’re watching the intermediate term lower highs, and we have a daily cycle that basically completed its full cycle down and now turned back up. So we’ll see where this cycle is on the next bounce. If price is back towards the highs up in the $4,700-$4,800+ area and the cycle is also high, that could spell trouble. If price comes down towards $3,000 again and the cycle is high, we may have to wait for another cycle down to get more aggressive. It just depends — you’ve got to look at price and time together; it’s not just about price and trend, you must also build in the component of time into the cycles as well.

I hope that helps. If you like this and you’d like to get involved in trading the crypto space then I believe you need to have a timing product. There is so much volatility that you are going to need some help with the timing piece and that’s what we do on our crypto-coin trading team. Come check us out here for more: http://www.jenkinsrm.com/crypto-coin-team/

We trade, research and share ideas together nearly 24/7 along with a weekly webinar discussion session.

A little about me now…

Before joining CG Capital, I spent almost a decade trading US Treasuries and building out a successful institutional analysis and fixed income trading business. I have covered all the primary dealers, large buy-side money managers and hedge funds. My financial career began at Charles Schwab as a trader in the equity and options markets before moving to the sell-side to trade fixed income at vFinance, JVB Financial, and CG Capital.

RISK STATEMENT — The trading of Bitcoins, alternative cryptocurrencies has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice.


Reading the Cycles on Bitcoin — A Position Update was originally published in The Crypto Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

Reading the Cycles on Bitcoin — A Position Update

Let’s begin our top-down analysis on Bitcoin by looking at the Weekly chart to get an overview of what’s been going on in the big picture. Then we can look at some smaller timeframes for an indication of where we might go from here.

I’m starting to notice the cycles are playing out in a much more, I don’t want to say predictable way, but there’s just a nice rhythm to this weekly cycle here. By that I mean the stochastic we use in our model to time the cycles has been making some nice peaks and valleys as price has ebbed and flowed, making highs and lows.

What’s so interesting, it may be subtle, but look how important this oscillation has been. Bitcoin basically peaked into $2,800 — $2,900 and the indicator crossed over in front of that move (waiting for the stochastic cross isn’t the signal, it’s just a matter of being high within the cycle and learning to trail out using some other methods) but essentially in the down cycle that followed you could have nibbled and bought into the subsequent dip into $1,800, like we did. Adding to your long position and getting more aggressive makes more sense after the cycle turns back up. More recently, you can see the cycle has now rolled over, so this isn’t a dip to just be piling back in on — you have to remain patient. We’ll look at some of the smaller timeframes for those opportunities, but there is a lot of room to the downside if this weekly cycle plays out, so we’ll see.

The trend lines on the cycles, or oscillations, really don’t matter that much but what’s interesting is that the rhythm, horizontal through time, is producing shallower and shallower cycles. That’s because this trending market is so strong. Therefore “low within the cycle” might actually be a stochastic reading in the 50–60 area. I don’t think we’ll likely see a cycle low all the way back down to readings like we had back in 2016 — it’s possible, but I’m going to consider the cycle to be low down around the 50–60 area. I’m not going to say that we’re not buying any more or adding back to our long position until we get a very oversold cycle because this cycle hardly ever gets down to those readings. Everything is relative and this is a lot different than something that’s been trading in the forex markets where you get a nice oscillation to the bottom of the range — that’s just what I’ve observed on the Weekly level. When we look at the Daily chart, it’s a little bit different — you’ll see these cycles going all the way to the bottom of the outside band and that’s great for swing trades.

I don’t know too many people that are shorting this market. It’s tough to find a good platform to short through and as a U.S.–based investor you can’t even get margin in some spots. Until the option contracts come online people may say they’re short but I’m not sure how much I believe it, nor do I believe this is a market you really want to short. Having said that, had you been swing trading this and if you caught the underside of this 8 MA and shorted the lower-high, then the move lower in the Daily cycle told you to cover your shorts well into the bottom as it became oversold.

I do want to highlight these dips on the Daily chart. I can’t talk too much about our model, but my traders know that when we break what’s called the Wave Formation Bands, you tend to get a deeper setback in price — either to the 200 period moving average or the Pi line. These dips have been so shallow in this market because it’s basically just a raging bull market. Each time price broke the bands, we’ve gotten the deeper pullback toward those levels but this market has a hard time even getting back to the 200 period moving average. Coupled with the fact that price is above the 200MA, it’s above Pi, the bands are all positive — that’s all indicative of a bull market — so don’t let anyone tell you that this is a bear market because that’s not the case. Price would have to break some serious levels before anything starts to make lower lows.

Once price started to break the recent higher low and then didn’t hold, it opened the door for a deeper pullback. You have to be patient and that’s tough to do when the market basically V-bottoms in between these bands and the 200MA. It’s tough to catch this move because you want to nibble, but you can’t really get aggressive because you have to plan for a deeper pullback towards the 200MA and/or Pi. There are only a few ways in which a market can bottom, and making a V-bottom is one of them. It’s a very difficult pattern to trade because you don’t have the opportunity of catching a higher-low or a double-bottom. Instead, price makes a new low and rebounds straight back up before you know it.

It remains to be seen what price does next now that it has made a new lower low and rebounded. Specifically, once price moved off the swing high, it broke the bands and failed to make a higher low, in fact it broke the previous higher low. So this created a new lower low and we saw a V-bottom bounce. This is now likely to be met with a lower high and is what we’ll be watching for. If price does indeed make this lower high and then heads lower, it will create an important pivot and we could get a retest of the recent lows . Whether price makes a lower low or a double-bottom, etc., doesn’t really matter. What is important when you’re looking at a pullback is to watch the pivot lower high. It’s whether or not price can get back above that pivot that will indicate when a new intermediate term uptrend is underway and a bottom is in place. It’s all about watching the lower highs.

Right now we’ve most likely just put in a lower high off the V-bottom bounce so there’s still a chance we could potentially retest $2,400, maybe even $2,000. There is a mid-July low that supports $1,750 — $1,800. Currently in this intermediate term pullback we’re just making lower highs, so the point get more aggressive or to look for the intermediate term to move back up is when we take out these pivot lower highs. This is a long-term bull market, a long-term uptrend, and this intermediate term pullback is within the context of that uptrend. So to get the intermediate term back bullish we need to see higher highs on the intermediate term timeframe — something we can look at on the 4 Hour chart.

When the market made a V-bottom, we got a Real Money Candle on the 4 Hour chart, which shows the strength of the bulls stepping in after the move to a lower low. Price then bounced to a lower high relative to the previous lower high made before the drop to $3,000. Price failed to get back to the V-bottom lows and made a higher low, then tried to move higher. I want to watch the whole area between about $4,140-$4,390 (highlighted in yellow) to see if price can get back above it. We’ve got the 200MA and some lower-high pivots. You can see how the bands have been downward-sloping and negative. If price can get back above this area, you will see the bands get back bullish and upward-sloping, price will get above the pivot highs, and then you can start thinking about a retest of basically $5,000. I like the real money candle that shows the bulls stepped in — if you give me a pullback back within the zone of this candle, around $3,400, we’re going to be buying some back. Some of you bought pretty well with us down in this dip and then we punched some out after the bounce. So if you buy a small amount into the low, and you come out of some on the bounce, you wait for the next pullback and buy some back again.

That’s how I see the most recent price action on Bitcoin. We got a V-bottom, we’re watching the intermediate term lower highs, and we have a daily cycle that basically completed its full cycle down and now turned back up. So we’ll see where this cycle is on the next bounce. If price is back towards the highs up in the $4,700-$4,800+ area and the cycle is also high, that could spell trouble. If price comes down towards $3,000 again and the cycle is high, we may have to wait for another cycle down to get more aggressive. It just depends — you’ve got to look at price and time together; it’s not just about price and trend, you must also build in the component of time into the cycles as well.

I hope that helps. If you like this and you’d like to get involved in trading the crypto space then I believe you need to have a timing product. There is so much volatility that you are going to need some help with the timing piece and that’s what we do on our crypto-coin trading team. Come check us out here for more: http://www.jenkinsrm.com/crypto-coin-team/

We trade, research and share ideas together nearly 24/7 along with a weekly webinar discussion session.

A little about me now…

Before joining CG Capital, I spent almost a decade trading US Treasuries and building out a successful institutional analysis and fixed income trading business. I have covered all the primary dealers, large buy-side money managers and hedge funds. My financial career began at Charles Schwab as a trader in the equity and options markets before moving to the sell-side to trade fixed income at vFinance, JVB Financial, and CG Capital.

RISK STATEMENT — The trading of Bitcoins, alternative cryptocurrencies has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice.


Reading the Cycles on Bitcoin — A Position Update was originally published in The Crypto Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

Crystal Clear Services .

http://crystal-clear.io

Crystal Clear Services несет революционное будущее и новейшие технологии в онлайн-индустрии в автономном режиме локальных сервисов, которые каждый использует на регулярной основе и неизбежно сталкивается с серьезными проблемами дезорганизации и непрозрачности существующей системы обслуживания.

Обладая более чем 12-летним опытом и уже на основе существующей системы предоставления услуг населению, мы знаем, как изменить этот рынок и значительно повысить качество и объем услуг, используя новейшие технологии Блочана, прочность. Эфирия, IPF.

Общая урбанизация и прогресс охватывали почти все города, и Интернет давно захватил умы и души людей, а также рынок в предоставлении различных услуг, но проект Crystal Clear Services не планирует останавливаться на достигнутом и готов к удивление его профессиональным подходом и лидерством в предоставлении различных услуг населению.

Основным и значительным преимуществом является снижение стоимости услуг, предоставляемых за счет предоставления минимального количества посредников, что значительно упрощает затраты на поиск сотрудников и улучшает качество услуг, помогая экономить энергию и отвечает требованиям работодателя, сотрудника и клиента услуги.

http://crystal-clear.io

Crystal Clear Services имеет несколько преимуществ перед конкурентами и не имеет аналогов в этой области. 1. Децентрализованная система предоставления услуг — отсутствие контроля и регулирования. 2. Реальная обратная связь и оценка качества услуг, предоставляемых реальными клиентами. 3. Каждый клиент сможет увидеть историю выполненных подрядчиком работ, их стоимость, рекомендации клиентов, репутацию исполнителя. 4. Возможность оплаты услуги в виде валюты (доллары, евро, рубли и т. Д.) И криптовалюты (Crystal Clear Services (CCT), биткойн, Litecoin, ETH). Наличные платежи в автономном режиме будут записаны в систему, получив подтверждение оплаты с обеих сторон. 5. Минимальная комиссия всех существующих систем составляет 1%.

6. В случае противоречивых ситуаций платформа случайно выбирает 5 держателей токенов SST и запрашивает их, передавая описание ситуации с обеих сторон. Решение большинства считается объективным и принятым системой. Участники награждаются жетонами CCT.
7. Система премий и премий в виде токенов CCT для написания отзывов, рекомендаций,
участия в суде, партнерских программ. 8. Черные списки недобросовестных клиентов и исполнителей.

http://crystal-clear.io

Чтобы реализовать этот проект на платформе Ethereum, команде следует собрать:
- до ICO — 200 000 долларов. Инвестиции от pre-ICO продолжат дальнейшее развитие системы и продвижение глобального маркетинга, рекламируя основной этап ICO. Период до ICO составляет 1 неделю: с 31.07.2017 12:00 UTC по 07.08.2017 12:00 UTC. Покупка токенов CCT будет открыта для всех ранних инвесторов с самым большим бонусом — 50% благодаря смарт-контракту платформы Ethereum.

http://crystal-clear.io

ICO — 5 000 000 долларов США . Период ICO составляет один месяц: с 01.09.2017 12:00 UTC до 01.10.2017 12:00 UTC.
CCT Tokens будет продаваться со следующими бонусами:
первый час составляет 40%
Первый день — 30%
Первая неделя — 25%
Вторая неделя — 20%
Третья неделя — 15%
Четвертая неделя 10%

Больше информации:

WHITEPAPER- http://crystal-clear.io/Whitepaper_english.pdf

WEBSITE- http://crystal-clear.io

FACEBOOK- https://www.facebook.com/CCSer/

TWITTER- https://twitter.com/CCS_Crystal

TELEGRAM- https://t.me/CCS_ENG

SLACK- https://crystal-clear-s.slack.com

My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1157471

Data Science to evaluate ICOs

Moneyballing the ICO investment game

One of my favorite quotes is by John Maynard Keynes: “The market can remain irrational longer than you can stay solvent”. Investors can make (or lose) a lot of money in volatile cryptocurrency markets, and attribute their success to skills.

Since I do not speculate, nor claim to have any skill in “reading” or timing markets, I look for long-term technological potential for a blockchain platform or application. Ultimately, the platform’s success depends on the adoption of the protocol by developers, and its ability to enable wide-ranging applications.

Therefore, the number one criteria is the strength of the technology, and the technical strength of the team in executing the long-term vision. Since these protocols need to be adopted by developers, a public github provides a lot of validation. I have pulled in data for some of the top tokens, and computed a quality-score. This indicates the strength of the developer community. I also assign a score for their whitepaper, that serves as an indicator for the long-term viability of the platform. Taken together, I calculate the “Technical Quality Score (TQS).” The TQS is compared to the Market cap to give a sense of whether the market cap is driven by fundamental factors, or by market hype.

TQS Methodology: The TQS is computed from a weighted score of statistics pulled from Github: number of commits, contributors, stars and watchers, and number of forks and issues. I evaluated the whitepaper score, manually, but I can see how that can be automated in the future, at least to a first order. The best papers describe the protocol, theoretical proofs of convergence and security, sound governance, and a realistic technical implementation. Mediocre papers typically just describe the implementation, without sound proof or an elegant justification of the design choices. The worse ones just describe an ideology or future roadmap.

I use Machine Learning methods to calculate the weights against a validation dataset. Where no data is available, such as when the members are not public, the model accounts for missing values (it is not set to 0). For obvious reasons, I do not disclose the exact method or the validation set. The weights are recalculated frequently, to prevent any manipulation of statistics.

I do not give much weight to web presence. That can indicate a strong marketing campaign to promote buying of tokens, especially if the technical foundations are weak. As Kevin Mehrabi describes in his article, those are sometimes signs of scam ICOs.

What I would like to include in the model, and automate, in the future:

  • Scoring technical whitepapers: Natural Language Processing can be used to check for a good protocol description with theoretical proofs of convergence and security, governance, and technical implementation details. Furthermore, we can check for real innovation, as opposed to borrowing ideas from past whitepapers.
  • Validating mathematical proofs with theorem provers and solvers.
  • Scoring Code Quality: This can be done in two ways, a) looking at the strength of contributors through their github profile, b) checking for code innovation, or if the creators just make incremental improvements over other projects.

This data collection, and scoring can be automated to provide real-time updates to value-conscious investors. For talented technologists, who really believe in their product and its long-term impact, the following gives me much more confidence in their ICO:

  • Intellectual Honesty: A protocol, by design, needs to make several tradeoffs. Thus, it cannot claim to be good for every application. A protocol that ensures robustness of transactions will sacrifice scalability. For e.g. the Tangle (IOTA) protocol states its assumptions and applicability for IoT upfront.
  • Benchmarks on scalability: Scaling performance tests, as well as the point of diminishing performance. Blockchain developers know that showing results for 100,000 TPS, and claiming that it is therefore robust 1 million TPS, does not hold.
  • Simulations: It is straightforward to simulate a multi-agent system with each heterogeneous agent following protocols with different utility functions. Like scalability benchmarks, there is a community need to create open-source platforms for protocol developers to run these simulations.

Bonus points:

  • Empirical evidence: Theoretical results, as well as simulation results, do not follow real-world trajectories, especially if the transactions involve people. Because of behavioral biases and bounded computation, the convergence and security properties may not hold. Empirical results from real use cases hold much more weight.
  • Sample applications: Ethereum shined at this. They made it easy to develop applications with sample code, which brought a lot of developers onto their platform.

Data Science to evaluate ICOs

Moneyballing the ICO investment game

One of my favorite quotes is by John Maynard Keynes: “The market can remain irrational longer than you can stay solvent”. Investors can make (or lose) a lot of money in volatile cryptocurrency markets, and attribute their success to skills.

Since I do not speculate, nor claim to have any skill in “reading” or timing markets, I look for long-term technological potential for a blockchain platform or application. Ultimately, the platform’s success depends on the adoption of the protocol by developers, and its ability to enable wide-ranging applications.

Therefore, the number one criteria is the strength of the technology, and the technical strength of the team in executing the long-term vision. Since these protocols need to be adopted by developers, a public github provides a lot of validation. I have pulled in data for some of the top tokens, and computed a quality-score. This indicates the strength of the developer community. I also assign a score for their whitepaper, that serves as an indicator for the long-term viability of the platform. Taken together, I calculate the “Technical Quality Score (TQS).” The TQS is compared to the Market cap to give a sense of whether the market cap is driven by fundamental factors, or by market hype.

TQS Methodology: The TQS is computed from a weighted score of statistics pulled from Github: number of commits, contributors, stars and watchers, and number of forks and issues. I evaluated the whitepaper score, manually, but I can see how that can be automated in the future, at least to a first order. The best papers describe the protocol, theoretical proofs of convergence and security, sound governance, and a realistic technical implementation. Mediocre papers typically just describe the implementation, without sound proof or an elegant justification of the design choices. The worse ones just describe an ideology or future roadmap.

I use Machine Learning methods to calculate the weights against a validation dataset. Where no data is available, such as when the members are not public, the model accounts for missing values (it is not set to 0). For obvious reasons, I do not disclose the exact method or the validation set. The weights are recalculated frequently, to prevent any manipulation of statistics.

I do not give much weight to web presence. That can indicate a strong marketing campaign to promote buying of tokens, especially if the technical foundations are weak. As Kevin Mehrabi describes in his article, those are sometimes signs of scam ICOs.

What I would like to include in the model, and automate, in the future:

  • Scoring technical whitepapers: Natural Language Processing can be used to check for a good protocol description with theoretical proofs of convergence and security, governance, and technical implementation details. Furthermore, we can check for real innovation, as opposed to borrowing ideas from past whitepapers.
  • Validating mathematical proofs with theorem provers and solvers.
  • Scoring Code Quality: This can be done in two ways, a) looking at the strength of contributors through their github profile, b) checking for code innovation, or if the creators just make incremental improvements over other projects.

This data collection, and scoring can be automated to provide real-time updates to value-conscious investors. For talented technologists, who really believe in their product and its long-term impact, the following gives me much more confidence in their ICO:

  • Intellectual Honesty: A protocol, by design, needs to make several tradeoffs. Thus, it cannot claim to be good for every application. A protocol that ensures robustness of transactions will sacrifice scalability. For e.g. the Tangle (IOTA) protocol states its assumptions and applicability for IoT upfront.
  • Benchmarks on scalability: Scaling performance tests, as well as the point of diminishing performance. Blockchain developers know that showing results for 100,000 TPS, and claiming that it is therefore robust 1 million TPS, does not hold.
  • Simulations: It is straightforward to simulate a multi-agent system with each heterogeneous agent following protocols with different utility functions. Like scalability benchmarks, there is a community need to create open-source platforms for protocol developers to run these simulations.

Bonus points:

  • Empirical evidence: Theoretical results, as well as simulation results, do not follow real-world trajectories, especially if the transactions involve people. Because of behavioral biases and bounded computation, the convergence and security properties may not hold. Empirical results from real use cases hold much more weight.
  • Sample applications: Ethereum shined at this. They made it easy to develop applications with sample code, which brought a lot of developers onto their platform.

The Crypto-Noob’s Toolbox

Resources you need to know about ASAP

Image courtesy of Pixabay

Obligatory Disclaimer: To modify a quote from Tim Ferris, “I am NOT a financial advisor, and none of this advice should be taken without speaking to a qualified professional first. Also, my results [are most likely] due to pure luck and zero skill.” But…this is working for me.

In addition, BlockChannel reminds you to always do your own research, and never directly take advice from 3rd parties without due diligence.

If you’re brand new to the world of cryptocurrency, odds are you’re feeling way over your head. Information is everywhere, websites, Slack channels, and Twitter feeds abound. Where do you start?

Thanks to my friends at Cent, countless of hours of personal research, and the suggestions of fellow crypto-pioneers, I am putting together this toolbox of resources just for you. If I’ve missed any, please feel free to comment below to be included in Toolbox 2.0!

Basic terminology

Exchanges:

  • Coinbase — a great place to start your crypto-journey. Easy to use, limited choices, includes only Bitcoin, Litecoin, and Ethereum. Using this link to sign up will get you $10 of free Bitcoin.
  • MetaMask — a crazy-simple Ethereum-only wallet that operates as a Chrome extension.
  • Jaxx — this wallet has a great mobile app and a sleek user interface. They routinely add more tokens. If you’re comfotable with Coinbase and want a step up, this is a good way to go.
  • Myetherwallet — as far as ERC20 (tokens built on Ethereum) wallets go, these guys are hands down my favorite. Excellent support, community-minded, and easy to use. Check out my guide here on how to set one up.
  • ShapeShift — want to exchange virtually any token for another? Shapeshift is the way to go. They have great integration with Jaxx, and don’t require any account set up. Again, this guide will help walk you through using ShapeShift.
  • Bittrex — If you have to use an exchange where you don’t hold your own keys, and you need a token that Coinbase doesn’t sell, I go with Bittrex. Please do your own research, always use 2-factor authentication, and don’t leave funds on an exchange longer than necessary.

Getting Free Crypto

Free is a word pretty much everybody can get behind. If you’d prefer to hold onto your hard-earned cash, but you still want to get into the crypto-game, there are a few ways to do it:

  • 21.co — This neat platform was created to allow strangers to send you messages at a price. Anytime you respond to one of these messages, you get free Bitcoin.
  • Cent — This Quora-for-crypto platform pays you in ETH just for answering questions well.
  • Airdrops — This is when a crypto-company decides to give out tokens for free. Organizations like Decred, Authorship Token, and OmiseGo have all utilized airdrops. I use this Twitter feed to get notifications on upcoming airdrops. Again, please do your own research, and never give out personal info, keys, etc. There are tons of scams here.

Doing Research

There are so many resources at your disposal to make sure you’re not falling for a scam or compromising your security. Use the following to be sure you’re putting your funds into good hands.

  • Blockchannel — Shameless plug, this Medium publication/podcast/Twitter channel is a one-stop-shop for solid crypto content and advice. Odds are if you have a question, Blockchannel has the answer (bonus: one Centian recommended you watch Steven’s segment with CNBC here).
  • Token Data— A BlockChannel partner, Token Data is an excellent resource for all ICO returns and current token prices. They also have a weekly newsletter, and do regular analyses of upcoming/past ICOs. An essential for any crypto newbie.
  • Zastrin — Another BlockChannel partner; Zastrin is the premier site for learning Solidity development. With in-depth tutorials to give you a firm grasp on Ethereum, and get you on your way to becoming a Solidity developer. [You can also use the code “BlockChannel” for 50% off all their courses].
  • Twitter — following crypto companies, crypto CEOs, and developers is a must if you want to keep current with ongoing news. A lot of people have put together great lists of people to follow. Here’s mine.
  • Slack/Telegram — Instant messaging platforms like these are something I judge the quality of the community with on a regular basis. From general conversation to specific support questions, these messaging platforms cover it all.
  • Reddit — There are a few subreddits I’d recommend: r/CryptoCurrency, r/CryptoCurrencies, r/CryptoMarkets, r/EthTrader, and r/Bitcoin.
  • Coinmarketcap — One of the best sites for tracking prices, volume, amount in circulation, etc. for pretty much any token in existence.
  • Cryptocompare — I use this site for brief explanations of tokens I’m researching, as well as tracking my holdings. A solid research and accounting resource.

Yet again, please do your own research. All of these sites are resources, and are to be used as tools, not commandments. I find it most helpful to aggregate the information I find through all of these sites and form my own opinions afterward. As a beginner it’s important to get advice from plenty of different sources, but it’s just as important to form your own opinions afterward.

If you found this article to be helpful, please hit the 👏 to help others find it. In addition, I’d love to hear about any good resources that have helped you as a beginner in cryptocurrency. Leave me a comment!

If you’d like to start investing in cryptocurrency, the easiest way is with Coinbase. Get $10 of free Bitcoin when you use this link — it’s my referral link — and get started now!


The Crypto-Noob’s Toolbox was originally published in BlockChannel on Medium, where people are continuing the conversation by highlighting and responding to this story.

The Crypto-Noob’s Toolbox

Resources you need to know about ASAP

Image courtesy of Pixabay

Obligatory Disclaimer: To modify a quote from Tim Ferris, “I am NOT a financial advisor, and none of this advice should be taken without speaking to a qualified professional first. Also, my results [are most likely] due to pure luck and zero skill.” But…this is working for me.

In addition, BlockChannel reminds you to always do your own research, and never directly take advice from 3rd parties without due diligence.

If you’re brand new to the world of cryptocurrency, odds are you’re feeling way over your head. Information is everywhere, websites, Slack channels, and Twitter feeds abound. Where do you start?

Thanks to my friends at Cent, countless of hours of personal research, and the suggestions of fellow crypto-pioneers, I am putting together this toolbox of resources just for you. If I’ve missed any, please feel free to comment below to be included in Toolbox 2.0!

Basic terminology

Exchanges:

  • Coinbase — a great place to start your crypto-journey. Easy to use, limited choices, includes only Bitcoin, Litecoin, and Ethereum. Using this link to sign up will get you $10 of free Bitcoin.
  • MetaMask — a crazy-simple Ethereum-only wallet that operates as a Chrome extension.
  • Jaxx — this wallet has a great mobile app and a sleek user interface. They routinely add more tokens. If you’re comfotable with Coinbase and want a step up, this is a good way to go.
  • Myetherwallet — as far as ERC20 (tokens built on Ethereum) wallets go, these guys are hands down my favorite. Excellent support, community-minded, and easy to use. Check out my guide here on how to set one up.
  • ShapeShift — want to exchange virtually any token for another? Shapeshift is the way to go. They have great integration with Jaxx, and don’t require any account set up. Again, this guide will help walk you through using ShapeShift.
  • Bittrex — If you have to use an exchange where you don’t hold your own keys, and you need a token that Coinbase doesn’t sell, I go with Bittrex. Please do your own research, always use 2-factor authentication, and don’t leave funds on an exchange longer than necessary.

Getting Free Crypto

Free is a word pretty much everybody can get behind. If you’d prefer to hold onto your hard-earned cash, but you still want to get into the crypto-game, there are a few ways to do it:

  • 21.co — This neat platform was created to allow strangers to send you messages at a price. Anytime you respond to one of these messages, you get free Bitcoin.
  • Cent — This Quora-for-crypto platform pays you in ETH just for answering questions well.
  • Airdrops — This is when a crypto-company decides to give out tokens for free. Organizations like Decred, Authorship Token, and OmiseGo have all utilized airdrops. I use this Twitter feed to get notifications on upcoming airdrops. Again, please do your own research, and never give out personal info, keys, etc. There are tons of scams here.

Doing Research

There are so many resources at your disposal to make sure you’re not falling for a scam or compromising your security. Use the following to be sure you’re putting your funds into good hands.

  • Blockchannel — Shameless plug, this Medium publication/podcast/Twitter channel is a one-stop-shop for solid crypto content and advice. Odds are if you have a question, Blockchannel has the answer (bonus: one Centian recommended you watch Steven’s segment with CNBC here).
  • Token Data— A BlockChannel partner, Token Data is an excellent resource for all ICO returns and current token prices. They also have a weekly newsletter, and do regular analyses of upcoming/past ICOs. An essential for any crypto newbie.
  • Zastrin — Another BlockChannel partner; Zastrin is the premier site for learning Solidity development. With in-depth tutorials to give you a firm grasp on Ethereum, and get you on your way to becoming a Solidity developer. [You can also use the code “BlockChannel” for 50% off all their courses].
  • Twitter — following crypto companies, crypto CEOs, and developers is a must if you want to keep current with ongoing news. A lot of people have put together great lists of people to follow. Here’s mine.
  • Slack/Telegram — Instant messaging platforms like these are something I judge the quality of the community with on a regular basis. From general conversation to specific support questions, these messaging platforms cover it all.
  • Reddit — There are a few subreddits I’d recommend: r/CryptoCurrency, r/CryptoCurrencies, r/CryptoMarkets, r/EthTrader, and r/Bitcoin.
  • Coinmarketcap — One of the best sites for tracking prices, volume, amount in circulation, etc. for pretty much any token in existence.
  • Cryptocompare — I use this site for brief explanations of tokens I’m researching, as well as tracking my holdings. A solid research and accounting resource.

Yet again, please do your own research. All of these sites are resources, and are to be used as tools, not commandments. I find it most helpful to aggregate the information I find through all of these sites and form my own opinions afterward. As a beginner it’s important to get advice from plenty of different sources, but it’s just as important to form your own opinions afterward.

If you found this article to be helpful, please hit the 👏 to help others find it. In addition, I’d love to hear about any good resources that have helped you as a beginner in cryptocurrency. Leave me a comment!

If you’d like to start investing in cryptocurrency, the easiest way is with Coinbase. Get $10 of free Bitcoin when you use this link — it’s my referral link — and get started now!


The Crypto-Noob’s Toolbox was originally published in BlockChannel on Medium, where people are continuing the conversation by highlighting and responding to this story.

ABIO coin – Le premier crypto-instrument financier de crédit pour les affaires

La société russe, NPO Severniy Standard Ltd. a créé, en 2010, l’usine de biotechnologie Biotech, la seule usine du nord-ouest de la Russie à traiter les déchets biologiques de l’élevage et de la volaille des fermes. Au printemps 2017, la direction a décidé de construire un système de traitement basé sur la méthode bloc-chaîne, qui pourrait distribuer automatiquement les paiements et conclure des accords basés sur des contrats intelligents.

Ainsi, le projet ABIO coin a été fondé. Son objectif est d’attirer les fonds de crypto-monnaies.

Le projet ABIO coin est un instrument financier unique, basé sur la technologie bloc-chaîne, pour les prêts P2B (peer-to-business) des moyennes entreprises.

Chaque détenteur de jeton ABI recevra un revenu passif dans la crypto-monnaie ABI.

En achetant les jetons ABI, les investisseurs se garantissent des bénéfices stables sous la forme des dividendes, selon les limites de la rentabilité de l’usine Biotech (ABIOGroup), tandis que les systèmes internes de bloc-chaîne seront responsables des moyens de distribution. Il s’agit d’une approche innovative pour attirer le financement de l’affaire. Cela évitera les problèmes de paiement non autorisé, organisera la transparence des affaires et le processus d’investissement dans son ensemble et évitera la fraude et la négligence concernant l’argent des investisseurs.

L’offre initiale de monnaie ABIO coin (ICO) débutera le 25 septembre 2017 et la date de clôture est le 25 octobre 2017.

Les méthodes de paiement acceptées sont Bitcoin (BTC) et Ethereum (ETH). la rate d’échange est de 1 $ pour 1 pièce ABI.

SITE WEB: https://abiocoin.com/
LIVRE BLANC: https://abiocoin.com/docs/Whitepaper_eng.pdf
FACEBOOK: https://www.facebook.com/ABIO-Coin-1949123271970301/
TWITTER: https://twitter.com/AbioCoin

Bitcoin is a Scheme and “Fraud”: Jamie Dimon BTC Criticism

Jamie Dimon, the chief executive of JP Morgan Chase – has put on another strong support on his previous criticism towards bitcoin, saying that the crytocurrency leader is a “fraud” and he would choose firing anybody who would trade it.

During an even hosted by Barclays, based on the information from Bloomberg and CNBC J Dimon did announce out his feelings for Bitcoin. In November 2015, the long-time critic of the digital currency, stated that Bitcoin will not be able to survive when it was trading at around $400.

“I’m not saying ‘go short bitcoin and sell $100,000 of bitcoin before it goes down,” he said. “This is not advice of what to do. My daughter bought bitcoin, it went up and now she thinks she’s a genius.”

He hoisted up for remark those that have said the cryptocurrency in the market is at a bubble territory. Dimon was quoted saying:

“It’s worse than tulip bulbs. It won’t end well. Someone is going to get killed.”

During the same appearance he did add up that Bitcoin will “be blowing up” and that he would find stupid anybody trading it and terminate them.

After the news spread, based on the data from Bloomberg, many have noticed a drop in bitcoin price. Tanking the price value is still the fear that China will move to close domestic virtual currency exchanges.


Read Also:


– For more Cryptocurrency market related Updates and News Follow us on our Facebook and Twitter pages.

The post Bitcoin is a Scheme and “Fraud”: Jamie Dimon BTC Criticism appeared first on Ethereum World News.

A2M to reach $6

A2M:ASX has been my favourite stock since I started, here is my story.

my story…

First I would like to start this with my personal side of the story. When I started out “investing” in late 2015, the first stocks I purchased were boring in a sense that they were going no where. I purchased 7 shares of $MQG at $79 each with the little money I have as a student. I wanted more excitement not knowing this is all about the long haul. Hence as time went on I decided to go into more speculative positions such as PLS which did me well. One of those positions was the 5th company I’ve ever purchased shares in, A2M.

A2M first purchase confirmation (source: nabtrade)

It did me very well, I may have not held it to its current price of ~$5.5 but I more than doubled my initial investment.

initial valuation…

It was also one of my first valuations using the DCF model due to A2M being alphabetically first on the allords/asx stock market list at the time. I remember finishing the valuation with it having a possible 50% upturn in price. I was like, man this is crazy, I must be doing this valuation thing wrong. So I valued other companies to compare the results yet A2M had the highest price to intrinsic value discrepancy. So I decided to stay in it and promoted it where ever I went, in real life and online finance related forums.

Sold BAL right after the report with a minor decline, held PLS till around 0.6 and held A2M till ~$4.2. Please forgive me about the crazy MQG call, it was based on speculation. LOL
Snapshot of updated EARLY 2017 A2M valuation, still with possible upturn in price after major gains.

where for a2m now?

Well I think it still has room to grow to the $6 mark but its current price of $5.5 is not too far off so still have to be weary. One of the things that makes A2M special is its moat and the global markets it can penetrate. Unlike the likes of lets say BAL which has no major differences compared to other milk products. A lot of people seem to notice the health benefits of A2M compared to regular milk which speaks for itself (just go to their Facebook community page) but I’m not too certain of their science, I am no scientist. Remember they have an upcoming hearing from November 27th with the Lion lawsuit.

more recent updated valuation for A2M after FY17 report

A2M to reach $6 was originally published in Buildpunkt on Medium, where people are continuing the conversation by highlighting and responding to this story.

EventChain ICO — Pointing to a Tokenised Future

EventChain ICO

EventChain ICO — Pointing to a Tokenised Future

— — — — — — — — — — — — —

DISCLAIMER: I am not any kind of professional in the field of investment, and the contents of my article below should not be considered to be investment advice. Please conduct your own research before making any kind of investment. Thanks.

— — — — — — — — — — — — — — — — — — — — — — — — — — — — — — —

It’s a roller-coaster ride when you jump on the Blockchain band-wagon. For those of you who, like me, have been involved in cryptocurrencies for a few years now (actually, just over two in my case), you feel like you have seen it all.

I won’t go through a run-down of those experiences but I’ll outline some of the events of the last two weeks which have not been untypical. In that short period of time, Bitcoin hit five thousand dollars which seem to have triggered a run of limit price sales that sent it whizzing back down to $4500. In familiar fashion, it recovered to take another hit when the Chinese government declared its formal opposition to ICOs.

Once again, however, the price recovered somewhat until roughly 48 hours ago at which point some whispers once again emerged from China about a government decree to close down local Bitcoin exchanges. Bitcoin is now currently sitting at $4200 — which is, frankly, a solid position relative to its $5000 historical high after what has been a fairly aggressive mauling by the market.

Each time it is the same story — market over-reactions and a series of negative/positive feedback loops that all add to a frenzy of price volatility that partly explains Bitcoin’s lack of mass adoption. But, despite this lack of adoption, I do genuinely believe that Bitcoin and — more significantly — its concept of the Blockchain are about to revolutionise the world we live in, and in ways we are only just beginning to imagine.

It is for that reason that, despite all this frenzy and all the uncertainty involved, that I am on the market to make a series of modest investments in long-term, sustainable Blockchain-inspired projects. And one of those is something referred to as EventChain.

The Concept

In essence, EventChain is a platform for organising events and selling their associated tickets. It is planning to be a kind of Blockchain TicketMaster, I guess — but with a few caveats. Firstly, it exploits the capabilities of the Blockchain to address some of the issues that many of us are familiar with.

As we know, tickets — particularly for large-scale events such as football games and Miley Cyrus concerts (you won’t find me at one of those, just to be clear) tend to be snapped up by a relatively small number of people for resale. The end result is that prices are driven up and, yet, all too often the tickets are not resold anyhow.

You thus have frustrated artists standing in front of rows of empty seats whilst away from the stadium there are thousands of people who would gladly have attended but couldn’t quite bring themselves to fork out the VIP-fee for a back-row seat. Added to this, we’ve seen too many cases of counterfeiting, crashed websites which can’t handle demand overload on their centralised server or — the biggest nightmare of all — people lining up for hours outside a ticket-issue office only to be told that, alas, the tickets have all gone.

With EventChain, all of this is simply a thing of the past due to the very nature of the product they are offering. Thanks to the Blockchain properties of being unhackable (due to Proof-of-Work), transparent (ticket counterfeiting now becomes a thing of the past due to cryptography eliminating double-spend) and distributive (no more crashed servers because there is no single authority in control of the information), we now have the ability to address the recurrent issues that have dogged ticket selling in the Internet era and prior to that.

EventChain Token

So how does it work in practice? Well, as is standard for any ICO (Initial Coin Offering — a play on and derivation of the term IPO, which is used to describe the process by which any company executes a public share issue) you need to read the white-paper. I am not going to cover its contents here — but if, like me, you find yourself regularly doing this kind of thing (which isn’t always particularly fun), you will likely come to the conclusion that the EventChain proposition, in conceptual terms at least, is…bloody interesting.

The EventChain platform will be powered by the EventChain token which users will need to purchase in order to gain access to its services (i.e. to purchase tickets or to organise events). That token will then need to be purchased either with traditional fiat currency (US dollars, say) or another crypto-currency (Bitcoin, Ether and LiteCoin — and likely some others). That means the token should then take on value just like any other commodity.

Naturally, if the idea strikes you as well grounded, then it then simply becomes a matter of execution. Do the people at EventChain have the right team of engineers in place to deliver on the product? And do they have the right marketing strategy to get the word out? Well, it is never really possible to know for sure. But, as part of the ICO process, EventChain have made themselves available to the public. So I was able to ask my own questions in this regard, and I also raised some questions on the back of the white-paper.

The answers I received were timely, re-assuring and complete. So I’m happy enough and went ahead with a 2.5 ETH investment (that was roughly $750 at the time of writing).

What brought me to invest, and what I think will be the clincher for EventChain is its use as a trust platform. Ticket buyers will be able to apply feedback on ticket sellers, event managers and the event itself — the more sketchy characters out there in Event Management Land, then, will find themselves penalised by the community when they provide services that aren’t simply up to scratch.

Once our Darwinian method of Event Management Selection is in place — added to the other advantages outlined above — I think we are essentially now looking at a new TicketMaster. It appears now simply to be a question of time. Naturally, however, only time itself will tell.

How To Research Cryptocurrencies

When I first got started I had no idea where to go in order to get legitimate news on coins. I didn’t know when to buy and I was getting all of my info from the Poloniex Trollbox. As much as I love and miss that trollbox that no longer exists, that is not where you should get your main source of info. Getting started can be difficult, and so can choosing your investments. Keep reading to learn how to research diligently that will lead you to be an expert investor. Viable resources and diving deep into your findings by taking the extra step will make all the difference.

This is for those somewhat newer in the space. If you’ve been doing this for a while you probably know these tools. If you are a noob, read How To Start Trading Cryptocurrencies first. The two posts go together.

I am am also not encouraging everyone to get into crypto; it is high risk, especially if you don’t do it right. But if you’re already going to do it, I hope to help lead you to the right places so that you can build a foundation for your own strategy :)

The fundamentals are really significant — what’s the product about, who is behind it, what sets them apart? These are the questions you should be asking before you jump into anything.

Do your own due diligence.

1. ANALYZE COINS ON COINMARKETCAP.COM

This lists a summary of the crypto space. The first page tells you the top 100, which you can also change. Understand the top 5 coins and what they do. If you know very little, start by researching the main ones — Bitcoin, Ethereum, Litecoin, etc.

Check out the chart patterns and click on the coin’s website through this page to see their mission statement and blogs. If the company isn’t posting blogs then that throws up a red flag. Just because a coin is rising also does not mean you should buy. The times to buy is when a coin has dipped.

You’re basically betting the market. The best way to make huge gains is to mostly go all in on one coin. Unless you are close friends with an experienced trader, keep it safe and diversify.

2. WATCH YOUTUBE TUTORIALS

One of the first things I check is YouTube to search specific coins and to learn from other users. People are great at articulating their perspectives and ideas. There aren’t any YouTubers I consistently watch, but Jerry Banfield’s enthusiasm is typically fun to watch.

I pretty much learned everything via YouTube, like coding, makeup, investing, etc. YouTube is my jam.

3. READ REDDIT

I love Reddit because you have a lot of unfiltered trolls everywhere. There are spammers, but it is typically easy to pick them out of the bunch. People will passionately spill paragraphs of why they believe in a certain coin, or why they believe something will tank. I always find it fun to roam Reddit as well.

The one I look at the most is www.reddit.com/r/ethtrader since I’m heavily positioned in Ethereum. Look at the Reddit pages for all coins you’re interested in but definitely do not solely rely on this platform for your research. You can lose a lot of money by doing that.

4. JOIN BLOCKCHAIN COMMUNITIES

I am a part of a few slack channels. My favorite is the Trollbox One slack channel because there’s a strong community of knowledgeable crypto enthusiasts! Check out the OBM Crypto Group on Facebook as well — the owner of the page is really great at giving updates to prepare you for significant events!

I also attend events occasionally; however, some are just fluff. I encourage that you check out EventBrite or Meetup to get engaged as well!

The Blockchain network is one of the best out there. You will be communicating with people from all over the globe from diverse backgrounds. No one is better than anyone and everyone just wants to help. It’s fascinating to see other perspectives. I am a better trader because of the online community presence.

I would advise you to start an excel sheet of all the coins you are interested in. Include their pros and cons, and then the date it was founded. A coin that has been around for two years is more legit than one that just released; however, there are many exceptions. If you do all of the research I mentioned, like looking into the team and investors, sometimes you can catch potential early on.

Once you have a solid foundation for obtaining great resources and somewhat of a system, you’ll feel more in control. Definitely do not just use one resource. Seriously do your research. For example, if you heavily rely on Reddit then you are going to be reading a lot of pump and dump schemes.

Nothing is guaranteed, however staying on top of everything makes your position stronger. Just don’t panic sell like a noob.

How To Research Cryptocurrencies

When I first got started I had no idea where to go in order to get legitimate news on coins. I didn’t know when to buy and I was getting all of my info from the Poloniex Trollbox. As much as I love and miss that trollbox that no longer exists, that is not where you should get your main source of info. Getting started can be difficult, and so can choosing your investments. Keep reading to learn how to research diligently that will lead you to be an expert investor. Viable resources and diving deep into your findings by taking the extra step will make all the difference.

This is for those somewhat newer in the space. If you’ve been doing this for a while you probably know these tools. If you are a noob, read How To Start Trading Cryptocurrencies first. The two posts go together.

I am am also not encouraging everyone to get into crypto; it is high risk, especially if you don’t do it right. But if you’re already going to do it, I hope to help lead you to the right places so that you can build a foundation for your own strategy :)

The fundamentals are really significant — what’s the product about, who is behind it, what sets them apart? These are the questions you should be asking before you jump into anything.

Do your own due diligence.

1. ANALYZE COINS ON COINMARKETCAP.COM

This lists a summary of the crypto space. The first page tells you the top 100, which you can also change. Understand the top 5 coins and what they do. If you know very little, start by researching the main ones — Bitcoin, Ethereum, Litecoin, etc.

Check out the chart patterns and click on the coin’s website through this page to see their mission statement and blogs. If the company isn’t posting blogs then that throws up a red flag. Just because a coin is rising also does not mean you should buy. The times to buy is when a coin has dipped.

You’re basically betting the market. The best way to make huge gains is to mostly go all in on one coin. Unless you are close friends with an experienced trader, keep it safe and diversify.

2. WATCH YOUTUBE TUTORIALS

One of the first things I check is YouTube to search specific coins and to learn from other users. People are great at articulating their perspectives and ideas. There aren’t any YouTubers I consistently watch, but Jerry Banfield’s enthusiasm is typically fun to watch.

I pretty much learned everything via YouTube, like coding, makeup, investing, etc. YouTube is my jam.

3. READ REDDIT

I love Reddit because you have a lot of unfiltered trolls everywhere. There are spammers, but it is typically easy to pick them out of the bunch. People will passionately spill paragraphs of why they believe in a certain coin, or why they believe something will tank. I always find it fun to roam Reddit as well.

The one I look at the most is www.reddit.com/r/ethtrader since I’m heavily positioned in Ethereum. Look at the Reddit pages for all coins you’re interested in but definitely do not solely rely on this platform for your research. You can lose a lot of money by doing that.

4. JOIN BLOCKCHAIN COMMUNITIES

I am a part of a few slack channels. My favorite is the Trollbox One slack channel because there’s a strong community of knowledgeable crypto enthusiasts! Check out the OBM Crypto Group on Facebook as well — the owner of the page is really great at giving updates to prepare you for significant events!

I also attend events occasionally; however, some are just fluff. I encourage that you check out EventBrite or Meetup to get engaged as well!

The Blockchain network is one of the best out there. You will be communicating with people from all over the globe from diverse backgrounds. No one is better than anyone and everyone just wants to help. It’s fascinating to see other perspectives. I am a better trader because of the online community presence.

I would advise you to start an excel sheet of all the coins you are interested in. Include their pros and cons, and then the date it was founded. A coin that has been around for two years is more legit than one that just released; however, there are many exceptions. If you do all of the research I mentioned, like looking into the team and investors, sometimes you can catch potential early on.

Once you have a solid foundation for obtaining great resources and somewhat of a system, you’ll feel more in control. Definitely do not just use one resource. Seriously do your research. For example, if you heavily rely on Reddit then you are going to be reading a lot of pump and dump schemes.

Nothing is guaranteed, however staying on top of everything makes your position stronger. Just don’t panic sell like a noob.

Investing in Cryptocurrency

A beginners guide (With Screenshots)

Being an Irishman my options of getting involved in crypto have always been … limited. I was curious when I heard about Bitcoin in 2012 at $6. I revelled in the jokes surrounding the outbreak of Dogecoin on Reddit in 2013/2014. I frantically searched for a way to deposit funds back in March 2017 after I discovered a Reddit post about Ethereum ($25 at the time) and its potential. After Ethereum jumped to $380 over the next two months I realised that I hadn’t looked hard enough. Seeing this happen and knowing I could have been involved really lit a fire under me to not miss out on opportunities that may come in the future. I had to get involved. Later a doctor would diagnose that burning sensation as FOMO (Fear Of Missing Out), a potentially life threatening disease. It can’t be cured, but it can be treated and I’m here to help you keep it at bay.

Step 1 — Getting Started

The first step to curing FOMO is to invest your hard earned cash. For examples sake I’m going to go through Coinbase because:

  1. I use it.
  2. I have a referral link to get us both $10 BTC.

Click this referral link and go sign up. I’d recommend hooking up your Bank Account as a payment option ASAP but if you want to get a feel for everything you can deposit a small amount of money quick via a Debit/Credit Card but be aware of the 4% fee! Did I mention my referral link?

Step 2 — Coinbase Fees & GDAX

This is where things get a little messy, but you’ll be thankful to have read on. There are a number of fees involved when using Coinbase that can be found here. Depending on where you are from these can be quite steep. Luckily for us Coinbase is built on an Exchange called GDAX which you can sign into using your Coinbase account. What we’re going to do is:

  1. Log in to Coinbase and then visit GDAX.
  2. Deposit Money using a Bank Transfer (€0.15 fee | 1–2 Business Days).
  3. Buy your preferred coin on GDAX. (0.25% fee vs a 4% to 1.5% fee)
Depositing to GDAX
Buying Etherum on GDAX

Now instead of starting off at, worst case scenario, 96% of your investment you will start at 99.75%. That might not seem like a lot but per $1000 invested you’ll lose $40 instead of $2.50. If your coin increases 100% over the time you own it then you’ve lost $80 instead of $5, it adds up!

Step 3 — Alt Coins

Now that you’ve devoured the main course, you’ll realise that you’d like something a little … sweeter. Alt Coins. All exchanges function the same way but in a slightly different fashion. The steps are:

  1. Sign up.
  2. Generate a Wallet Address to Deposit your coin of choice into.
  3. Withdraw Funds from GDAX to that Address.
Generating a BTC Wallet Address in Bitfinex
Withdrawing BTC from GDAX to Generated Address
Trading BTC for XRP (Ripple)

List of Exchanges

  1. Bitfinex — Less choice, some controversy lately (can’t be used in US), can traded in USD to better align value, great mobile app.
  2. Bittrex — A lot of choice, interface is meh, have to trade in BTC which can fluctuate.
  3. Binance — A slightly better Bittrex in my opinion.
  4. Liqui — Bit dodgy, lot of choice, can trade in USD.
  5. BitGrail — Has Raiblocks (XRB). Otherwise …
  6. GDAX— Already talked about.

Step 5— Twitter, Telegram, Slack & Reddit

Follow coins, devs and people with a proven record of judgement on Twitter. Join the Telegram and Slack groups that are provided on each Cryptocurrencies website. Subscribe to the subreddits. The more up to date you are on the news the better you can react.

Step 6 — Security

This is just a quick note. It’s your fault if you lose money or coins via a hack or an exchange going down etc. These are the risks we take in this game. Use strong passwords, set up two factor auth and don’t leave all your investments on one exchange or if you‘re holding long term then use an offline wallet.

Key Words

Alt Coin — Altcoins are the alternative cryptocurrencies launched after the success of Bitcoin.

Exchange — A platform to trade your coins for one another. Don’t leave currency on it if you’re holding long term, use an offline wallet.

Two Factor Authentication— A method of securing your accounts/transactions where you need to confirm a code received via text/email or on an app like Google Authenticator.

Wallet — AlphaNumeric String representing an address for storing coins. You’ll have one for each exchange or offline wallet where you can store your cryptocurrencies.

Outro

Well there you go, your program to beating FOMO. In the future I plan to write a post on a trading strategy I’ve used to help me buy during a pump and sell at a profit before it dips. I’d also like to talk about a few other trading strategies I’ve read about and seen that have paid off so far. I say so far because it’s been a good year for Cryptocurrencies and if you’re not making a profit you’re doing something very wrong.

I’ve been told to add a donation link to this post before I put it up so I’m just going to add some of my wallet addresses. I’m happy enough with you using the referral link but if you feel the need to donate I won’t complain.

Happy Trading!

Bitcoin: 12drb8X2UoX3oWH5nt9h1CPYkSXzpiq79i

Litecoin: LL9JJrAinWJfcAP9n82aur3rnVExw2urUW

Ethereum: 0x4c624a7f911f20d78e2e4d873bd994396c1e2b60

Investing in Cryptocurrency

A beginners guide (With Screenshots)

Being an Irishman my options of getting involved in crypto have always been … limited. I was curious when I heard about Bitcoin in 2012 at $6. I revelled in the jokes surrounding the outbreak of Dogecoin on Reddit in 2013/2014. I frantically searched for a way to deposit funds back in March 2017 after I discovered a Reddit post about Ethereum ($25 at the time) and its potential. After Ethereum jumped to $380 over the next two months I realised that I hadn’t looked hard enough. Seeing this happen and knowing I could have been involved really lit a fire under me to not miss out on opportunities that may come in the future. I had to get involved. Later a doctor would diagnose that burning sensation as FOMO (Fear Of Missing Out), a potentially life threatening disease. It can’t be cured, but it can be treated and I’m here to help you keep it at bay.

Step 1 — Getting Started

The first step to curing FOMO is to invest your hard earned cash. For examples sake I’m going to go through Coinbase because:

  1. I use it.
  2. I have a referral link to get us both $10 BTC.

Click this referral link and go sign up. I’d recommend hooking up your Bank Account as a payment option ASAP but if you want to get a feel for everything you can deposit a small amount of money quick via a Debit/Credit Card but be aware of the 4% fee! Did I mention my referral link?

Step 2 — Coinbase Fees & GDAX

This is where things get a little messy, but you’ll be thankful to have read on. There are a number of fees involved when using Coinbase that can be found here. Depending on where you are from these can be quite steep. Luckily for us Coinbase is built on an Exchange called GDAX which you can sign into using your Coinbase account. What we’re going to do is:

  1. Log in to Coinbase and then visit GDAX.
  2. Deposit Money using a Bank Transfer (€0.15 fee | 1–2 Business Days).
  3. Buy your preferred coin on GDAX. (0.25% fee vs a 4% to 1.5% fee)
Depositing to GDAX
Buying Etherum on GDAX

Now instead of starting off at, worst case scenario, 96% of your investment you will start at 99.75%. That might not seem like a lot but per $1000 invested you’ll lose $40 instead of $2.50. If your coin increases 100% over the time you own it then you’ve lost $80 instead of $5, it adds up!

Step 3 — Alt Coins

Now that you’ve devoured the main course, you’ll realise that you’d like something a little … sweeter. Alt Coins. All exchanges function the same way but in a slightly different fashion. The steps are:

  1. Sign up.
  2. Generate a Wallet Address to Deposit your coin of choice into.
  3. Withdraw Funds from GDAX to that Address.
Generating a BTC Wallet Address in Bitfinex
Withdrawing BTC from GDAX to Generated Address
Trading BTC for XRP (Ripple)

List of Exchanges

  1. Bitfinex — Less choice, some controversy lately (can’t be used in US), can traded in USD to better align value, great mobile app.
  2. Bittrex — A lot of choice, interface is meh, have to trade in BTC which can fluctuate.
  3. Binance — A slightly better Bittrex in my opinion.
  4. Liqui — Bit dodgy, lot of choice, can trade in USD.
  5. BitGrail — Has Raiblocks (XRB). Otherwise …
  6. GDAX— Already talked about.

Step 5— Twitter, Telegram, Slack & Reddit

Follow coins, devs and people with a proven record of judgement on Twitter. Join the Telegram and Slack groups that are provided on each Cryptocurrencies website. Subscribe to the subreddits. The more up to date you are on the news the better you can react.

Step 6 — Security

This is just a quick note. It’s your fault if you lose money or coins via a hack or an exchange going down etc. These are the risks we take in this game. Use strong passwords, set up two factor auth and don’t leave all your investments on one exchange or if you‘re holding long term then use an offline wallet.

Key Words

Alt Coin — Altcoins are the alternative cryptocurrencies launched after the success of Bitcoin.

Exchange — A platform to trade your coins for one another. Don’t leave currency on it if you’re holding long term, use an offline wallet.

Two Factor Authentication— A method of securing your accounts/transactions where you need to confirm a code received via text/email or on an app like Google Authenticator.

Wallet — AlphaNumeric String representing an address for storing coins. You’ll have one for each exchange or offline wallet where you can store your cryptocurrencies.

Outro

Well there you go, your program to beating FOMO. In the future I plan to write a post on a trading strategy I’ve used to help me buy during a pump and sell at a profit before it dips. I’d also like to talk about a few other trading strategies I’ve read about and seen that have paid off so far. I say so far because it’s been a good year for Cryptocurrencies and if you’re not making a profit you’re doing something very wrong.

I’ve been told to add a donation link to this post before I put it up so I’m just going to add some of my wallet addresses. I’m happy enough with you using the referral link but if you feel the need to donate I won’t complain.

Happy Trading!

Bitcoin: 12drb8X2UoX3oWH5nt9h1CPYkSXzpiq79i

Litecoin: LL9JJrAinWJfcAP9n82aur3rnVExw2urUW

Ethereum: 0x4c624a7f911f20d78e2e4d873bd994396c1e2b60

CSNO to start trading on HitBTC on September 22, 2017

CSNO to start trading on HitBTC on September 22, 2017

We are happy to announce that the agreement with HitBTC has been finally reached and CSNO token will start trading on September 22.

HitBTC is one of the oldest and trustful global trading platforms with multi-currency support operating since 2013. Besides trading cryptocurrencies, tokens and ICOs, HitBTC provides proper markets for fiat trading, including USD and EUR trading pairs.

CSNO token will be traded against BTC and we welcome everyone to take part in the trading at https://hitbtc.com/

Kind regards,
The Team of BitDice Casino

ICO Website: https://ico.bitdice.me/
Casino: https://www.bitdice.me/
Prospectus: https://ico.bitdice.me/prospectus_en.pdf
Slack Invite: https://slack.bitdice.me/
Twitter: https://twitter.com/bitdice
Bitcointalk: https://bitcointalk.org/index.php?topic=2047543
Reddit: https://www.reddit.com/r/BitDiceCasino

CSNO to start trading on HitBTC on September 22, 2017

CSNO to start trading on HitBTC on September 22, 2017

We are happy to announce that the agreement with HitBTC has been finally reached and CSNO token will start trading on September 22.

HitBTC is one of the oldest and trustful global trading platforms with multi-currency support operating since 2013. Besides trading cryptocurrencies, tokens and ICOs, HitBTC provides proper markets for fiat trading, including USD and EUR trading pairs.

CSNO token will be traded against BTC and we welcome everyone to take part in the trading at https://hitbtc.com/

Kind regards,
The Team of BitDice Casino

ICO Website: https://ico.bitdice.me/
Casino: https://www.bitdice.me/
Prospectus: https://ico.bitdice.me/prospectus_en.pdf
Slack Invite: https://slack.bitdice.me/
Twitter: https://twitter.com/bitdice
Bitcointalk: https://bitcointalk.org/index.php?topic=2047543
Reddit: https://www.reddit.com/r/BitDiceCasino

Использование возобновляемой энергии в России

Пресса сообщает о том, что Оренбургская область стремится увеличить мощность солнечных станций, которые используются на территории района. При этом планируется подняться с 90 до 200 МегаВатт. Об этом говорит губернатор, который дает обещание добиться данных результатов. Он считает, что область является лидером по вводу объектов по созданию солнечной энергии. Область будет действовать при поддержке крупных компаний.

Так стоит сказать о том, что компания Т Плюс планирует в ближайшее время вложить в развитие данного направления практически 15 миллиардов рублей. Она уже и до этого финансировала проекты, за счет чего мощность спонсируемых станций значительно возросла. У компании есть немало планов, которые должны поплатиться в ближайшее время. А вот организация Хевел позволила ввести в строй две электростанции. Она также в ближайшие годы планирует вкладываться в развитие солнечной энергетики области. Нужно отметить, что на настоящий момент организация уже вложила в развитие данной отрасли практически 6 миллиардов.

Кстати, недавно был запущен проект Solar DAO, — это инвестиционный фонд, создание которого было задумано для поддержки мировой энергетики. Планируется реализовать за период ICO 80 миллионов монет, стоимость которых равняется $1 за токен. Первый этап сбора средств закончился 31 августа, вторая же серия запланирована на конец октября. Организация предлагает отличные скидки и акции для инвесторов. Инвестором может стать любой, вложившись при этом в развитие солнечной энергетики. Специалисты делают прогнозы, говоря о том, что с этого можно будет получать неплохие дивиденды.

Сайт: http://solardao.me
White paper: http://solardao.me/files/wpeng.pdf
ANN thread: http://bitcointalk.org/index.php?topic=2020066

Использование возобновляемой энергии в России

Пресса сообщает о том, что Оренбургская область стремится увеличить мощность солнечных станций, которые используются на территории района. При этом планируется подняться с 90 до 200 МегаВатт. Об этом говорит губернатор, который дает обещание добиться данных результатов. Он считает, что область является лидером по вводу объектов по созданию солнечной энергии. Область будет действовать при поддержке крупных компаний.

Так стоит сказать о том, что компания Т Плюс планирует в ближайшее время вложить в развитие данного направления практически 15 миллиардов рублей. Она уже и до этого финансировала проекты, за счет чего мощность спонсируемых станций значительно возросла. У компании есть немало планов, которые должны поплатиться в ближайшее время. А вот организация Хевел позволила ввести в строй две электростанции. Она также в ближайшие годы планирует вкладываться в развитие солнечной энергетики области. Нужно отметить, что на настоящий момент организация уже вложила в развитие данной отрасли практически 6 миллиардов.

Кстати, недавно был запущен проект Solar DAO, — это инвестиционный фонд, создание которого было задумано для поддержки мировой энергетики. Планируется реализовать за период ICO 80 миллионов монет, стоимость которых равняется $1 за токен. Первый этап сбора средств закончился 31 августа, вторая же серия запланирована на конец октября. Организация предлагает отличные скидки и акции для инвесторов. Инвестором может стать любой, вложившись при этом в развитие солнечной энергетики. Специалисты делают прогнозы, говоря о том, что с этого можно будет получать неплохие дивиденды.

Сайт: http://solardao.me
White paper: http://solardao.me/files/wpeng.pdf
ANN thread: http://bitcointalk.org/index.php?topic=2020066

Pros/cons of the top 10 cryptocurrencies in market cap you need to know (I)

Overview

This is an article for potential investors and people interested in the hottest ethereum/blockchain project recently. This can also serve as reminding notes to organize information as there are so many altcoins now and people are easily confused or simply don’t know about them well.

Current market cap rankings and information can be found here. Note that this is my personal view and observations and should not be considered as financial advice.

Story begins

  1. Bitcoin(BTC): The first successful cryptocurrency, Owning around 46% of the crypto market.

Pros: The most accepted and easy to trade crypto in the current market, with sufficient resources online for everyone to learn more about. It has a large community and unlikely to disappear suddenly or found as spam which have happened to other altcoins.

Cons: High transaction fee, scaling problem and consensus problem. As average block ming time is 10 minutes and blocks in bitcoin are limited to 1MB in size, which allows only 3 transactions per second, number of transactions to be mined raises incredibly. Transaction fee thus increases while miners are prioritizing transactions with a higher fee.

Bitcoin transaction fee chart

Reaching agreement is also not easy in bitcoin due to its large community. There are always different supporters. A good example is the recent solution for scaling problem, SegWit and bitcoin cash(covered later in this article). Some even joke that bitcoin is the Nokia in the world of cryptocurrencies.

2. Ethereum(Ether, ETH): Ethereum is a decentralized platform that runs smart contracts written in Turing complete programming languages such as Solidity. Ether was created as a cost for programs to run in Ethereum.

Pros: Ethers will always be needed to execute code on Ethereum, and most projects nowadays are built on top of Ethereum, which also makes it more reliable like bitcoin.

Cons: Everything has its downside. The value of Ether ties to the success of Ethereum. It is possible that it can be replaced by future blockchain projects with similar features. One example is the NEM project(covered later).

*Interesting facts: There is no limit on Ether supply, whereas the bitcoin supply is fixed to 21 million tokens.

3. Bitcoin cash(BCC): A permanent fork of bitcoin, favoring supporters that don’t like SegWit. It means that you will have the same amount of bitcoin cash as the bitcoins you owned before the fork on August 1st, 2017(It’s like bitcoin was cloned since that time).

Pros: Solves the bitcoin scaling problem by increasing the block size from 1MB to 8MB, speeding up mining time and lowering the transaction fee. Miner can mine bitcoin cash as they mine bitcoin. (reference)

Cons: Bring in a kind of mining difficulty adjustment faster than bitcoin(as explained here), which causes hash rate instability. The original thought of this adjustment is being able to lower the mining difficulty as maybe not as many miners will start mining bitcoin cash initially.

Interesting fact: Bitcoin’s mining difficulty’s changing time is about 2 weeks(2016 blocks).

4. Ripple(XRP): Private blockchain solutions for banks(youtube explain,official video), enabling exchange between real world currencies and cryptocurrencies. A simple use case is to use exchange currencies like USD with EUR at the cost of low XRP(name of Ripple’s coin).

Pros: The bank market is huge and Ripple really is adopted by financial institutes. Compared to traditional bank services, the ripple network is secure and anonymous. Also, one key indication of a project is it’s investors. Google Ventures and Standard Chartered Bank both invested in Ripple.

Cons: First, it is centralized and private, unike bitcoin and Ethereum. Ripple owns 70% of the coin, which implies the risk of manipulated inflation and deflation. Individuals don’t have full access of the ripple network. Second, cost of XRP on the network will NOT be given to anyone. It will disappear instead, so the ripple’s coin is only getting fewer. Nonetheless, the time the coin to be used up is like hundreds of years later.

5. Litecoin(LTC): Initially just a clone of Bitcoin. It has the flexibility to implement technical improvements such as SegWit and the lightning network. In short, it can be said as an “improved” version of bitcoin. (reference)

Pros: Faster and almost zero transaction fee compared to Bitcoin. Mining is easier on Litecoin since it uses a new Proof of Work algorithm than bitcoin. It is also created by former Google employee and lasts for 6 six years by now, which is more secure than many of the overnight coins.

Cons: Since Segwit has recently been included in Bitcoin, the advantages in Litecoin over Bitcoin is reduced. Also, Litecoin is simply a modified version based on bitcoin and does not introduce new ideas like other altcoins. It means that it will surely harm the market if Bitcoin’s scaling issue is solved.

(The rankings from 6th to 10th will be continued in the next article.)

Conclusion

These are the top 5 cryptocurrencies in the market. We can observe that three of the five coins are related(or like a clone) to Bitcoin. The Ripple project is the most different one from these, which may indicate that cooperating with the traditional bank is still the most accepted way to the general public.

Enigma Catalyst — Live Trading Released!

Enigma made the first alpha release of Catalyst — a platform that enables anyone to start their own crypto hedge fund — in late July. Our first release provided an entry point to algorithmic (i.e. automated) trading of crypto assets, allowing anyone to get started designing their own trading strategies and testing them with historical pricing data.

But that was only the very beginning. As you gain confidence in the strategies that you develop, you become anxious to implement them trading live in crypto exchanges. That’s the ultimate goal for any crypto trader: harvest profits from the hard work put in developing such strategies through live trading. And that’s what brings us to our latest release of Catalyst this week, four months ahead of schedule. Catalyst now provides live trading capabilities supporting two different well-known exchanges: Bitfinex and Bittrex.

Catalyst’s latest release allows anyone to:

  1. Develop their own trading strategy using a large number of crypto-currency pairs,
  2. Test any trading strategy on historical pricing data up to the day before,
  3. Use that same trading strategy on an exchange and leave it trading live for as long as one desires.

Enigma’s developer team has been running various concurrent instances of our live trading algorithms over several days consistently and reliably. The new features that have been added to this release include:

  • Comprehensive trading functionality against exchanges Bitfinex and Bittrex.
  • Support for all trading pairs available on each exchange.
  • Multiple algorithms can trade simultaneously against a single exchange using the same account.
  • Each algorithm has a persisted state (i.e. algorithm can be stopped and restarted preserving the state without data loss) that tracks all open orders, executed transactions and portfolio positions.
  • Minute by minute portfolio performance metrics.
  • Daily summary performance statistics compatible with pyfolio, a Python library for performance and risk analysis of financial portfolios.
Catalyst live trading against a crypto exchange

Catalyst is available for download from the Python Package Index (PyPI) through pip and easy_install (pip install enigma-catalyst) or from Catalyst repository on Github: https://github.com/enigmampc/catalyst. Catalyst has been installed successfully and tested on Mac OS, Linux and Windows environments with over 3,200 downloads from PyPI in the last 45 days. Documentation can be found on the Catalyst wiki: https://github.com/enigmampc/catalyst-docs/wiki with detailed install instructions and troubleshooting, example strategies to get you started and more.

Eager to enter the world of algorithmic crypto trading? We’re aiming to make this as easy and straightforward as possible, so that you don’t even need to come up with your own strategies to get started. Catalyst also provides an online community, where you can sign up for a Catalyst account, and you will get access to many strategies that others devise and share. Give it a try and please let us know what you think!


Enigma Catalyst — Live Trading Released! was originally published in Catalyst on Medium, where people are continuing the conversation by highlighting and responding to this story.

Daily Crypto Update — Komodo Saves the Day (3rd Sep 2017)

Market Performance (Global Market Cap):

  • 24-hour gains: +0.2%
  • September gains: -5.6%
  • Year to date gains: +822%

Portfolio Performance:

  • 24-hour gains: +1.1%
  • September gains: -3.9%
  • Year to date gains: +1,482.5%

The market continues to jump around following the $5k Bitcoin selloff. Looking at the charts for the month, the selloff actually just looks like a small blip in a huge rally triggered by profit taking. There is little evidence to suggest a wider selloff though as most assets are trading sideways and a few stand out coins are making gains.

As I mentioned yesterday, I am going to ride out the weekend and see how trading is on Monday and Tuesday before I make any decisions.

Komodo

While most of the market has trading sideways/down, Komodo has been the reason my portfolio made gains over the last 24-hours with a huge price rally on the back of teasing out an upcoming announcement. I became aware of Komodo when I first bought my Nano S as it was one of the coins listed on it, though it felt like the odd one out as all the other coins which the Nano supports are long established high market cap coins.

I’ll be honest; I still don’t fully understand what the Komodo Platform does, but the team behind the project appears to be well respected, so I invested and have reinvested twice more.

Komodo is another example of where I invest in the boring zone, the place where the price is moving within a tight range for an extended period. The price is up +75% for the day and +95% for the week, sitting at $2.91. I am expecting another wave up before the price settles in a new range.

Other Coins

It will remain to be seen what happens with the rest of the market, some of the big coins which had made significant gains in August were hit with a significant drop yesterday, specifically Dash and Monero, though both appear to be recovering.

While Bitcoin moves sideways, there is still money to be made from altcoins. It will remain to be seen what will happen with Bitcoin over the next few days. It has defended the $4.5k support level a couple of times so I would expect it to challenge $5k again next week. If it does successfully break the $5k price, then I would expect it to move to $6k pretty quickly.

Tether Storm Brewing

There is a story developing around Tether and Bitfinex. Tether is the crypto asset whose price is tethered to the US dollar; it is used to trade out of assets on exchanges and hold $ value rather than having to convert back to fiat. You can read the story below:

Are Fraudulent Tethers being used for margin lending on Bitfinex?

Also, read the following discussion on Reddit, around the issue of new Tethers.

It feels scammy to me. I am not sure if any of you use Tether to park your profits during a dip, but I would avoid it. I have a feeling this is going to end badly.

Daily Crypto Update — Komodo Saves the Day (3rd Sep 2017)

Market Performance (Global Market Cap):

  • 24-hour gains: +0.2%
  • September gains: -5.6%
  • Year to date gains: +822%

Portfolio Performance:

  • 24-hour gains: +1.1%
  • September gains: -3.9%
  • Year to date gains: +1,482.5%

The market continues to jump around following the $5k Bitcoin selloff. Looking at the charts for the month, the selloff actually just looks like a small blip in a huge rally triggered by profit taking. There is little evidence to suggest a wider selloff though as most assets are trading sideways and a few stand out coins are making gains.

As I mentioned yesterday, I am going to ride out the weekend and see how trading is on Monday and Tuesday before I make any decisions.

Komodo

While most of the market has trading sideways/down, Komodo has been the reason my portfolio made gains over the last 24-hours with a huge price rally on the back of teasing out an upcoming announcement. I became aware of Komodo when I first bought my Nano S as it was one of the coins listed on it, though it felt like the odd one out as all the other coins which the Nano supports are long established high market cap coins.

I’ll be honest; I still don’t fully understand what the Komodo Platform does, but the team behind the project appears to be well respected, so I invested and have reinvested twice more.

Komodo is another example of where I invest in the boring zone, the place where the price is moving within a tight range for an extended period. The price is up +75% for the day and +95% for the week, sitting at $2.91. I am expecting another wave up before the price settles in a new range.

Other Coins

It will remain to be seen what happens with the rest of the market, some of the big coins which had made significant gains in August were hit with a significant drop yesterday, specifically Dash and Monero, though both appear to be recovering.

While Bitcoin moves sideways, there is still money to be made from altcoins. It will remain to be seen what will happen with Bitcoin over the next few days. It has defended the $4.5k support level a couple of times so I would expect it to challenge $5k again next week. If it does successfully break the $5k price, then I would expect it to move to $6k pretty quickly.

Tether Storm Brewing

There is a story developing around Tether and Bitfinex. Tether is the crypto asset whose price is tethered to the US dollar; it is used to trade out of assets on exchanges and hold $ value rather than having to convert back to fiat. You can read the story below:

Are Fraudulent Tethers being used for margin lending on Bitfinex?

Also, read the following discussion on Reddit, around the issue of new Tethers.

It feels scammy to me. I am not sure if any of you use Tether to park your profits during a dip, but I would avoid it. I have a feeling this is going to end badly.

Decarium Daily 9/3/17

Daily Top Gainers

  • FUCK (2439.90%) Market Cap: $28,794,819
  • MCAP (75.04%) Market Cap: $287,367,906
  • WTC (40.06%) Market Cap: $49,227,682

Yesterday provided some interesting top gainers… There are very few coins that have survived the market dip, and it seems that it would have been extremely hard to predict which coins would be protected.

Daily Most Active

  • BTC — Volume: $1,966,720,000
  • ETH — Volume: $1,136,230,000
  • LTC — Volume: $795,857,000

Daily Biggest Losers

  • ICO (-34.23%) Market Cap: $32,828,900
  • XRL (-30.30%) Market Cap: $32,207,964
  • BNB (-26.96%) Market Cap: $143,284,000

The market was harsh yesterday, but this seems nothing out of the ordinary. We have seen dips consistently on the weekends, and this is nothing to be afraid of.

If you would like daily updates on the crypto markets, follow @DecariumDaily on Twitter.


Decarium Daily 9/3/17 was originally published in Decarium Daily on Medium, where people are continuing the conversation by highlighting and responding to this story.

Decarium Daily 9/3/17

Daily Top Gainers

  • FUCK (2439.90%) Market Cap: $28,794,819
  • MCAP (75.04%) Market Cap: $287,367,906
  • WTC (40.06%) Market Cap: $49,227,682

Yesterday provided some interesting top gainers… There are very few coins that have survived the market dip, and it seems that it would have been extremely hard to predict which coins would be protected.

Daily Most Active

  • BTC — Volume: $1,966,720,000
  • ETH — Volume: $1,136,230,000
  • LTC — Volume: $795,857,000

Daily Biggest Losers

  • ICO (-34.23%) Market Cap: $32,828,900
  • XRL (-30.30%) Market Cap: $32,207,964
  • BNB (-26.96%) Market Cap: $143,284,000

The market was harsh yesterday, but this seems nothing out of the ordinary. We have seen dips consistently on the weekends, and this is nothing to be afraid of.

If you would like daily updates on the crypto markets, follow @DecariumDaily on Twitter.


Decarium Daily 9/3/17 was originally published in Decarium Daily on Medium, where people are continuing the conversation by highlighting and responding to this story.

Internal politics: Crypto Banks vs Traditional Banks

Incumbent financial service institutions are notorious for moving slowly, this has become more and more apparent with the rise of specialized shops focusing on single niches. Starting with specialized asset managers hedge funds decades ago and most recently with the rise of hype-focused fintech companies. The lesson to be learned here is that smaller is not only better, but most importantly, its faster.

One of the big issues with a large organization is that it is very hard to get people on the same page and employees have a hard time feeling a sense of ownership over the business. They tend to keep themselves as a priority and try to move up the ladder through any means possible. The result here is a toxic culture, corporate politics and backstabbing which are all counter productive in the grand scheme. A bad internal culture will undoubtedly result in bad service for the end user.

Within a traditional bank there always seems to be an adversarial environment between the different departments of a bank. Front office and trading desks are usually regarded as somewhat superior to departments such as research, compliance and operations. It is not uncommon for people to see “moving to front office” as a goal for their career.

Working against your colleagues is usually what happens in a big centralized bank and this is not good business, unfortunately this is the current status quo.

Change is looking at a decentralized model in order to avoid this type of situation. Our aim is to create a marketplace where we onboard specialized fintech companies that are able to fulfill ideally one function of a traditional bank, while doing it better, faster and cheaper.

We are looking at companies that are lean, with a strong culture and an ability to execute. We believe this is the best way to avoid the adversarial nature of traditional institutions. We believe that the end user will greatly benefit from the work of small specialized and hyper focused teams where the employees are concerned not with politics but with delivery of high quality results.

The great part about a decentralized marketplace is that the infrastructure already exists and we have already seen these lean mean fintech machines successfully gaining traction and eating into the client base of traditional banks. As such, we believe that by making them much more accessible we can all succeed in a way that benefits the customers going forward.

Change is scheduled to start it`s ICO on the 16th of September 2017 and we hope that you can join us on our road to create The First Truly Decentralized Crypto Bank. Please do join us on Telegram for a more in depth conversation:

https://t.me/changebank