Category Archives: crypto

How to Create an Ethereum Mining Calculator from Start to Finish

Learn how to create an Ethereum mining calculator in Google Sheets

Imagine having an additional $20,000 per year with next to zero work.

Ethereum mining has created an enormous amount of new wealth, and new industries are popping up every day to capitalize on this growing industry. To be successful in Ethereum mining, you need to know the following:

  1. The coin value
  2. Overall network hash rate
  3. Block reward
  4. Block time
  5. Your personal hash rate
  6. Energy cost
  7. Power cost
  8. Hardware cost

All of these items can change drastically at any given time. Luckily, I created a template that automates the process.

The quick and dirty setup (1 minute or less)

  1. Download the Spreadstreet Google Sheets Add-in
  2. Download the pre-populated template with formulas
  3. Open the template, click the menu Add-ons / Spreadstreet / Help / View in store, and then click Manage and in the dropdown menu click Use in this document.
  4. Login to the add-in
  5. Refresh the sheet
  6. Profit

Important You need to do this to activate Spreadstreet: Open the template, click the menu Add-ons / Spreadstreet / Help / View in store, and then click Manage and in the dropdown menu click Use in this document.

The longer, but better setup

Download the free Google Sheets template in the video description to follow along. Click “File — Make a copy” to start your own calculator

Simple Ethereum Mining Calculator Template

1. Download the Spreadstreet Google Sheets Add-in

The Spreadstreet Google Sheets Add-in automates all of the dirty work for you, so you can find out quickly what hardware is the most profitable to mine Ethereum.

Essentially what the add-on does is connect to various popular services within the cryptocurrency space. This calculator uses three services: CoinMarketCap, What to Mine, and Cryptocompare.

2. Pull in ticker information from CoinMarketCap

In cell D1 of the “Data” tab, pull in the ticker information from CoinMarketCap.

This step will pull in:

  • The coin value

This is necessary in order to adjust for the value of the coins you will be receiving from mining. The coin value changes DRASTICALLY on any given day, so this single input can swing the mining profits significantly.

3. Pull in GPU hardware from What to Mine

In cell A1 of the “GPU” tab, pull in the stats endpoint from WhatToMine.

This step will pull in:

  • Overall network hash rate
  • Block reward
  • Block time

What to Mine is a fantastic, relatively new website that is great for finding out what coins are the best to mine “right now”. The purpose of this step is to see what sort of competition you are up against, and what sort of rewards you can anticipate in the short term.

4. Pull in Mining Equipment from Cryptocompare

In cell A1 of the “Equipment” tab, pull in the “Mining Equipment” endpoint from Cryptocompare.

This step will pull in:

  • Your personal hash rate
  • Power cost
  • Hardware cost

Cryptocompare does a great job curating a list of mining equipment for various coins. In order to calculate our share of mining profits, we need to get the hardware’s hash rate, the amount of power that it will use, and how much it will cost.

5. Play around with the inputs

After pulling in all three different inputs, you can now start changing the inputs to see how your calculator profits change. In the “Summary” tab, play around with the inputs to see how the yearly profit changes from different hardware and energy costs.

Best practices

  • Use “Insert” to prevent pinging the services API upon refreshes and reloads
  • If using “Insert as formulas”, be careful with the amount of formulas you put into a sheet, as these services have rate limits on their API
  • 15 minutes is a good standard refresh time for the sheet

Troubleshooting

  1. Formulas refresh on specific actions. If you are using the formulas method, your data will not update unless you do more common options such as refreshing the entire sheet, or less common options such as downloading a new add-in. This is why I recommend using the GUI so you can have control over refreshing the data
  2. If the add-in does not work right away, try this:
  3. You need to do this to activate Spreadstreet: Open the template, click the menu Add-ons / Spreadstreet / Help / View in store, and then click Manage and in the dropdown menu click Use in this document.

Resources

Download the add-in: https://spreadstreet.io/tools/google-sheets-add-in

Help: https://spreadstreet.io/docs

First time install and login: https://www.youtube.com/watch?v=aLjtPR4T2bg

CoinMarketCap ticker endpoint help: https://spreadstreet.io/knowledge-base/coinmarketcap-api-ticker-endpoint/

WhatToMine stats endpoint help: https://spreadstreet.io/knowledge-base/whattomine-api-get-stats-endpoint/

Cryptocompare mining equipment help: https://spreadstreet.io/knowledge-base/cryptocompare-api-mining-equipment-endpoint/

How to Create an Ethereum Mining Calculator from Start to Finish

Learn how to create an Ethereum mining calculator in Google Sheets

Imagine having an additional $20,000 per year with next to zero work.

Ethereum mining has created an enormous amount of new wealth, and new industries are popping up every day to capitalize on this growing industry. To be successful in Ethereum mining, you need to know the following:

  1. The coin value
  2. Overall network hash rate
  3. Block reward
  4. Block time
  5. Your personal hash rate
  6. Energy cost
  7. Power cost
  8. Hardware cost

All of these items can change drastically at any given time. Luckily, I created a template that automates the process.

The quick and dirty setup (1 minute or less)

  1. Download the Spreadstreet Google Sheets Add-in
  2. Download the pre-populated template with formulas
  3. Open the template, click the menu Add-ons / Spreadstreet / Help / View in store, and then click Manage and in the dropdown menu click Use in this document.
  4. Login to the add-in
  5. Refresh the sheet
  6. Profit

Important You need to do this to activate Spreadstreet: Open the template, click the menu Add-ons / Spreadstreet / Help / View in store, and then click Manage and in the dropdown menu click Use in this document.

The longer, but better setup

Download the free Google Sheets template in the video description to follow along. Click “File — Make a copy” to start your own calculator

Simple Ethereum Mining Calculator Template

1. Download the Spreadstreet Google Sheets Add-in

The Spreadstreet Google Sheets Add-in automates all of the dirty work for you, so you can find out quickly what hardware is the most profitable to mine Ethereum.

Essentially what the add-on does is connect to various popular services within the cryptocurrency space. This calculator uses three services: CoinMarketCap, What to Mine, and Cryptocompare.

2. Pull in ticker information from CoinMarketCap

In cell D1 of the “Data” tab, pull in the ticker information from CoinMarketCap.

This step will pull in:

  • The coin value

This is necessary in order to adjust for the value of the coins you will be receiving from mining. The coin value changes DRASTICALLY on any given day, so this single input can swing the mining profits significantly.

3. Pull in GPU hardware from What to Mine

In cell A1 of the “GPU” tab, pull in the stats endpoint from WhatToMine.

This step will pull in:

  • Overall network hash rate
  • Block reward
  • Block time

What to Mine is a fantastic, relatively new website that is great for finding out what coins are the best to mine “right now”. The purpose of this step is to see what sort of competition you are up against, and what sort of rewards you can anticipate in the short term.

4. Pull in Mining Equipment from Cryptocompare

In cell A1 of the “Equipment” tab, pull in the “Mining Equipment” endpoint from Cryptocompare.

This step will pull in:

  • Your personal hash rate
  • Power cost
  • Hardware cost

Cryptocompare does a great job curating a list of mining equipment for various coins. In order to calculate our share of mining profits, we need to get the hardware’s hash rate, the amount of power that it will use, and how much it will cost.

5. Play around with the inputs

After pulling in all three different inputs, you can now start changing the inputs to see how your calculator profits change. In the “Summary” tab, play around with the inputs to see how the yearly profit changes from different hardware and energy costs.

Best practices

  • Use “Insert” to prevent pinging the services API upon refreshes and reloads
  • If using “Insert as formulas”, be careful with the amount of formulas you put into a sheet, as these services have rate limits on their API
  • 15 minutes is a good standard refresh time for the sheet

Troubleshooting

  1. Formulas refresh on specific actions. If you are using the formulas method, your data will not update unless you do more common options such as refreshing the entire sheet, or less common options such as downloading a new add-in. This is why I recommend using the GUI so you can have control over refreshing the data
  2. If the add-in does not work right away, try this:
  3. You need to do this to activate Spreadstreet: Open the template, click the menu Add-ons / Spreadstreet / Help / View in store, and then click Manage and in the dropdown menu click Use in this document.

Resources

Download the add-in: https://spreadstreet.io/tools/google-sheets-add-in

Help: https://spreadstreet.io/docs

First time install and login: https://www.youtube.com/watch?v=aLjtPR4T2bg

CoinMarketCap ticker endpoint help: https://spreadstreet.io/knowledge-base/coinmarketcap-api-ticker-endpoint/

WhatToMine stats endpoint help: https://spreadstreet.io/knowledge-base/whattomine-api-get-stats-endpoint/

Cryptocompare mining equipment help: https://spreadstreet.io/knowledge-base/cryptocompare-api-mining-equipment-endpoint/

What is CoinPlace ?

In 2000 potential of PayPal and eBay wasn’t immediately recognized. The ability to buy goods from hand to hand over the Internet looked suspicious, and no one really wanted to transfer money via the network. Now those bravehearts, who believed in these projects, hardly regret their investments today. PayPal’s capitalization is $ 83 billion, eBay’s capitalization is $ 40 billion.

CoinPlace is eBay of our days for crypto and tokens, and PayPal for a new fast-growing market of ICO entrepreneurs .

Why: we offer our users a traditional payment system for buying / selling crypto and tokens, working as a private bulletin board. In other words only you decide what, how many and whom to sell.

CoinPlace mission: to simplify the life of cryptoeconomy participants!

People! Come for crypto on COINPLACE. We will start on 15 November.

FOR WHOM WE CREATED COINPLACE ?

For investors: buying cryptocurrencies like shooting ducks on a pond — pay the seller with real money in any convenient way (by bank card, Paypal, anything).

For ICO: register your project in a few days and start selling tokens without paying for the listing (which, by the way, is long and expensive process on exchanges).

For beginners: don’t suffer from initial registration on stock exchanges! Buy tokens and cryptocurrency directly from sellers via CoinPlace. Pay them real money in convenient way. Even with a bank card in rubles.

For token holders: you have already invested, collected a bunch of tokens from different ICOs, and you don’t make a head or tail of the exchanges on which they have being placed? CoinPlace will allow you to collect everything you have acquired in one place, not tearing around between accounts, sites and applications.

People! Simplify your cryptocurrency life! Come to COINPLACE. We will start on 15 November.

https://coinplace.info/?lang=ru
#cryptocurrency #smartcontract #blockchain #etherium#multycurrency #token #NoFИckNoStuckNoStock #bitcoin #crypto

FOR WHOM WE CREATED COINPLACE ?

For investors: buying cryptocurrencies like shooting ducks on a pond — pay the seller with real money in any convenient way (by bank card, Paypal, anything).

For ICO: register your project in a few days and start selling tokens without paying for the listing (which, by the way, is long and expensive process on exchanges).

For beginners: don’t suffer from initial registration on stock exchanges! Buy tokens and cryptocurrency directly from sellers via CoinPlace. Pay them real money in convenient way. Even with a bank card in rubles.

For token holders: you have already invested, collected a bunch of tokens from different ICOs, and you don’t make a head or tail of the exchanges on which they have being placed? CoinPlace will allow you to collect everything you have acquired in one place, not tearing around between accounts, sites and applications.

People! Simplify your cryptocurrency life! Come to COINPLACE. We will start on 15 November.

https://coinplace.info/?lang=ru
#cryptocurrency #smartcontract #blockchain #etherium#multycurrency #token #NoFИckNoStuckNoStock #bitcoin #crypto

Bitsync Airdrop Campaign

Bitsync Airdrop CAMPAIGN

What is Bitsync ?

Ans — BITSYNC is future generation crypto exchange and wants to build Ehtereum based Blockchain exchange

i.e Decentralized Exchange

BITSYNC will be first to have both crypto exchange and decentralized exchange platform.

To add Tokens in Wallet Use :-

Token Name — Bitsync

Symbol — BITC

Decimal — 0

ERC20 Tokens

Total Coin Supply — 100,000,000

Airdrop — 21st Oct to 15th Nov 2017

Learn more about Bitsync at — https://www.bitsync.io

Follow Bitsync on Twitter — https://twitter.com/BitSyncio

Join Bitsync Telegram Group — https://t.me/bitsyncio

Follow Bitsync on Medium — https://medium.com/@BitSyncio

Bitsync White : — https://bitsync.io/whitepaper.pdf

Bitsync Slack :- https://bitsynctokens.slack.com

Company Contacts : info@bitsync.io

Jung wook — jungwook@bitsync.io

David Johnson — davidjohnson@bitsync.io

BitSync Air Dop 21st Oct to 15th Nov 2017

Participants can join BitSync airdrop Campaign by registering on our website. After which they need to like, follow & Retweet the airdrop & Bitsync Tweets. Participants also have to follow BitSync on telegram. This will fetch participants 100 Bitsync coin(Bitc). *

Apart from the above 100 coins the participants can earn 25 coins everyday by tweeting about Bitsync everyday (Atleast twice). The maximum participants won’t be above 1000.

BITSYNC EXTRA TOKENS AWARD

Extra tokens can be earned through various medium

Ø Reddit (75 bitc)

Ø Bitcointalk (100 bitc)

Ø Cryptocointalk(100 bitc)

Ø Blogs (150 bitc)

Ø Youtube (Depending on video length & views)

Ø Telegram (20 bitc)

Ø Others (depending on source)

For posting articles related to Bitsync on Reddit, Bitcointalk, Cryptocointalk & Blogs participants can earn Bitc as mentioned above.

Telegram user can invite their friends to join telegram chat of BitSync. For every member that joins telegram, participants get 20 Bitc.

For posting Videos on youtube 300 Bitsync Tokens will be awarded to the qualified users (follow the instruction for video)

2 MINUTES LONG — 200 Bitc

5 MINUTES LONG / REVIEW — 300 Bitc

Every 2000 views get additional — 1000 Bitc (within span of airdrop campaign)

Users will need to submit the links for articles, posts and videos.

Users can submit the link on the website in Airdrop Tab.

*Twitter account should have 200 followers to qualify.

BOUNTY — Betrium — Worldwide Betting Exchange with API and Organizers Platform — Steemit

FACEBOOK l ❖TELEGRAM l ❖WHITEPAPER l ❖TWITTER l ❖WEBSITE l ❖ANN THREAD l ❖MEDIUM

_______________________________________________________________

BETRIUM BOUNTY CAMPAIGN

Betrium places for bounty pool 3% of tokens sold.

We distributed interest, as follows:

➣ Facebook — 20%

➣ Twitter — 25%

➣ BitcoinTalk Translation Campaign — 15%

➣ Blogging Campaign — 10%

➣ Reddit Campaign — 20%

➣ Steemit Campaign — 10%

_______________________________________________________________

  1. Have at least 300 friends and make privacy settings open for your page
  2. Register your participation on this LINK
  3. Follow and Like Betrium official page on Facebook
  4. Like and Share at least 1 post per week, that gives your 1 stake for each week.
  5. Multiple accounts registrations are not allowed, all related accounts will not be checked and will be delete

_______________________________________________________________

  1. Have at least 300 followers and make privacy settings open for your account
  2. Register your participation on this LINK
  3. Follow Betrium official Twitter
  4. Like & Retweet at least 1 post per week, that gives your 1 stake for each week.
  5. Multiple accounts registrations are not allowed, all related accounts will not be checked and will be delete.

Join our Telegram, that gives your 1 stake
Join our Telegram Chat, that gives your 1 stake too

Post a message in this thread with the following informations (don’t forget the hashtag JOIN).

code:
hashtag JOIN
Your Facebook or Twitter url
Your Telegram username

_______________________________________________________________

Rules:

  • We do not allow use Google Translate or any other different services;
  • The participants who are using Google Translate or any different services will be immediately disqualified;
  • The participants can register only one translation;
  • Applications for translation in several languages will not be allowed.

You will receive:

➣ 150 stakes for White paper translation, Fulfilled
➣ 50 stakes for Announcement Thread translation, Fulfilled
➣ 40 stakes for Website translation, this reservation is valid for 3 days.
➣ 5 stakes per page in your local announcement thread. Fulfilled

Betrium Website Text

To book your language ANN translation and moderation, fill up this Form:

Reserved Languages:

  • Vietnamese — ChuckBuck ✓
  • Turkish — talatk
  • Indonesian — rozee ✓
  • Filipino — Polar91
  • Hindi — Ankit10 ✓

_______________________________________________________________

Write a post about Betrium in any language, with at least 250 words of length and containing 2 links to our Website

We will class each article:
➣ basic (15 stakes),
➣ standard (35 stakes)
➣ premium (100 stakes).

After publishing the article, kindly fill in this Form:

_______________________________________________________________

Rules:

  • This campaign is limited to 250 participants
  • Your Reddit share has to be made into a subreddit related to blockchain technology, crypto-currencies, finance, gambling or bets. If not, your share will not be counted as valid and you will not receive any stake.
  • Once you have published your Reddit share, you have to fill the Google Form link, not before!

You will receive:

  • 1 stake per upvote.

How to participate :

_______________________________________________________________

Rules:

  • This campaign is limited to 200 participants
  • Your Steemit share has to be made into a topic related to blockchain, cryptocurrency, finance, gaming or crypto. If not, your share will not be counted as valid and you will not receive any stake.
  • Once you have published your Steemit share, you have to fill the Google Form link, not before!

You will receive:

  • 1 stake per upvote.

How to participate :

_______________________________________________________________

Check your status here:

FACEBOOK l ❖TELEGRAM l ❖WHITEPAPER l ❖TWITTER l ❖WEBSITE l ❖ANN THREAD l ❖MEDIUM

Creating a Valuation for a Utility Token: $COSS

Creating a Valuation for a Utility Token: $COSS

In this blog post I will attempt to practically apply the ideas laid out by cburniske in a very interesting and informative article on Crypto Asset Valuations that I read a few weeks ago. I will apply these ideas to $COSS, or Crypto One Stop Solution, which I believe is both a reasonably promising low market cap crypto asset and also a good candidate for using these valuation methods.

COSS is one of the few emerging utility tokens in the burgeoning crypto asset space to which we can somewhat deterministically apply conventional financial models to make a reasonable projection for present and future value. The business model, as described in the company’s whitepaper, is to act as a one stop solution for businesses requiring services including: POS/payment gateways, currency exchange, digital marketplaces, e-wallets, and other services that might be provided by conventional non-crypto incumbents such as Paypal or Stripe. The company incentivizes use of its utility token, COSS, by way of a 50% revenue share with token holders, with the utilization of a DAO avoiding legal classification as a security. Due to the relatively known nature of both the digital payment processing industry and the cryptocurrency exchange industry in conjunction with the simplicity of the revenue sharing scheme, it is pretty straightforward to create an “intrinsic” valuation for the token from the perspective of a hodler.

This is because, unlike many companies in the crypto space, the potential value of COSS is not predicated on obscure concepts or particularly ambitious speculation; it’s based on a few simple assumptions. In particular, we need to project how much global volume will flow through crypto asset exchanges and crypto asset payment processors in coming years, and roughly what percentage of each of those markets COSS has the potential to capture. On to the assumptions.

For the purposes of the valuation I made a somewhat optimistic, somewhat conservative assumption that COSS will be able to capture 1% of cryptocurrency exchange volume by the end of 2018. I have assumed that in order to achieve this the COSS team’s primary focus will be on the exchange until at least midway through 2018, so I have projected a relatively smaller market share for POS/payment processing and other future revenue streams for the COSS platform.

Another assumption that was required that may be a point of contention for some is a 50% Compound Annual Growth Rate for global cryptocurrency exchange. It’s pretty hard to say with conviction what the growth rate here might be, given the exponential rate of technology growth and the fact that cryptocurrency adoption is near its tipping point from fringe early-adopters to a mainstream audience. I feel like my projection to this end may be on the conservative end, but I’m sure some who are more pessimistic about the long term prospects of crypto asset may disagree. The discount rate in the model is also contentious.

The result of my assumptions, as displayed in this google document, is a projected 2018 market value of $2.37 for the COSS token, which would land it squarely in the “medium cap” category by today’s crypto asset standards. My original invesment in COSS was predicated on the assumption that a $1 market value was relatively likely by midway through 2018, so from a personal standpoint the results of this model are encouraging, despite the subjectivity of the inputs.

I encourage anyone who’s interested in taking a serious look at either this method of valuation or the COSS platform in particular to play around with the values I’ve discussed in the model (as well as others), both to intuit sensitivity to these inputs and to make the model fit with personal expectations. Ultimately, the decision on how to evaluate an investment opportunity comes down to doing a lot of research, making as many reasonable assumptions as possible, and then extrapolating on those assumptions in a logical way. I hope this discussion and the projections in the model I have borrowed, modified, and shared will help some of you to make more informed decisions about your crypto asset investments in the future.

Good luck, fellow crypto-kin. Stay patient, stay critical.


Creating a Valuation for a Utility Token: $COSS was originally published in CryptoEdge on Medium, where people are continuing the conversation by highlighting and responding to this story.

Creating a Valuation for a Utility Token: $COSS

Creating a Valuation for a Utility Token: $COSS

In this blog post I will attempt to practically apply the ideas laid out by cburniske in a very interesting and informative article on Crypto Asset Valuations that I read a few weeks ago. I will apply these ideas to $COSS, or Crypto One Stop Solution, which I believe is both a reasonably promising low market cap crypto asset and also a good candidate for using these valuation methods.

COSS is one of the few emerging utility tokens in the burgeoning crypto asset space to which we can somewhat deterministically apply conventional financial models to make a reasonable projection for present and future value. The business model, as described in the company’s whitepaper, is to act as a one stop solution for businesses requiring services including: POS/payment gateways, currency exchange, digital marketplaces, e-wallets, and other services that might be provided by conventional non-crypto incumbents such as Paypal or Stripe. The company incentivizes use of its utility token, COSS, by way of a 50% revenue share with token holders, with the utilization of a DAO avoiding legal classification as a security. Due to the relatively known nature of both the digital payment processing industry and the cryptocurrency exchange industry in conjunction with the simplicity of the revenue sharing scheme, it is pretty straightforward to create an “intrinsic” valuation for the token from the perspective of a hodler.

This is because, unlike many companies in the crypto space, the potential value of COSS is not predicated on obscure concepts or particularly ambitious speculation; it’s based on a few simple assumptions. In particular, we need to project how much global volume will flow through crypto asset exchanges and crypto asset payment processors in coming years, and roughly what percentage of each of those markets COSS has the potential to capture. On to the assumptions.

For the purposes of the valuation I made a somewhat optimistic, somewhat conservative assumption that COSS will be able to capture 1% of cryptocurrency exchange volume by the end of 2018. I have assumed that in order to achieve this the COSS team’s primary focus will be on the exchange until at least midway through 2018, so I have projected a relatively smaller market share for POS/payment processing and other future revenue streams for the COSS platform.

Another assumption that was required that may be a point of contention for some is a 50% Compound Annual Growth Rate for global cryptocurrency exchange. It’s pretty hard to say with conviction what the growth rate here might be, given the exponential rate of technology growth and the fact that cryptocurrency adoption is near its tipping point from fringe early-adopters to a mainstream audience. I feel like my projection to this end may be on the conservative end, but I’m sure some who are more pessimistic about the long term prospects of crypto asset may disagree. The discount rate in the model is also contentious.

The result of my assumptions, as displayed in this google document, is a projected 2018 market value of $2.37 for the COSS token, which would land it squarely in the “medium cap” category by today’s crypto asset standards. My original invesment in COSS was predicated on the assumption that a $1 market value was relatively likely by midway through 2018, so from a personal standpoint the results of this model are encouraging, despite the subjectivity of the inputs.

I encourage anyone who’s interested in taking a serious look at either this method of valuation or the COSS platform in particular to play around with the values I’ve discussed in the model (as well as others), both to intuit sensitivity to these inputs and to make the model fit with personal expectations. Ultimately, the decision on how to evaluate an investment opportunity comes down to doing a lot of research, making as many reasonable assumptions as possible, and then extrapolating on those assumptions in a logical way. I hope this discussion and the projections in the model I have borrowed, modified, and shared will help some of you to make more informed decisions about your crypto asset investments in the future.

Good luck, fellow crypto-kin. Stay patient, stay critical.


Creating a Valuation for a Utility Token: $COSS was originally published in CryptoEdge on Medium, where people are continuing the conversation by highlighting and responding to this story.

R-token launched for trade on BTC-Alpha crypto exchange.

R-token launched for trade on BTC-Alpha crypto exchange. The price at its high as of October 17 morning was 0.00001120 BTC.

Start trading here: https://btc-alpha.com/exchange/R_BTC/

Or directly from our website with links to all exchanges with R-token available: www.revain.org

We will be keeping you posted and adding more exchanges to the list.


R-token launched for trade on BTC-Alpha crypto exchange. was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Is Bitcoin a Ponzi scheme?

Wikipedia defines a ponzi scheme in the following way:

“A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned by the operator. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent. The perpetuation of the high returns requires an ever-increasing flow of money from new investors to sustain the scheme.”

Now let’s see if that fits bitcoin:

Does bitcoin have central authority? No.
Does bitcoin pay returns to its investors? No.
Does bitcoin require an ever increasing flow of money to sustain it? No.

Bitcoin is not a Ponzi scheme. It’s a true innovation in computer science and solves a well known problem called the Byzantine Generals problem.

Is Bitcoin a Ponzi scheme?

Wikipedia defines a ponzi scheme in the following way:

“A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned by the operator. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent. The perpetuation of the high returns requires an ever-increasing flow of money from new investors to sustain the scheme.”

Now let’s see if that fits bitcoin:

Does bitcoin have central authority? No.
Does bitcoin pay returns to its investors? No.
Does bitcoin require an ever increasing flow of money to sustain it? No.

Bitcoin is not a Ponzi scheme. It’s a true innovation in computer science and solves a well known problem called the Byzantine Generals problem.

Russian Central Bank Pivots on Cryptocurrency Stance, Endorses Crypto-ruble

A open hand shows a cryptocurrency with the Ruble sign and the person holding it has the Russian Central Bank's symbol as a badge on their jacketThe Russian Central Bank has recently indicated that it is currently considering launching a national cryptocurrency following First Deputy Prime Minister Igor Shuvalov’s support for introducing a “Crypto-ruble.”

Olga Skorobogatova, deputy chief of the Bank of Russia, has recently made statements at a press conference for the Finopolis Forum of Innovative Financial Technologies in favor of creating a Russian national cryptocurrency. In the announcement, Skorobogatova indicated that “the creation of a national cryptocurrency stimulates the growth of non-cash payments and electronic payments, including, possibly, cross-border payments.”

Skorobogatova’s statements echo her earlier comments at the St. Petersburg International Economic Forum in June this year, in which she remarked that Russia desires to “jointly test blockchain for cooperating with EU countries on the projects we’re going to start this year.”

In her more recent press conference, Skorobogatova commented on the utility of cryptocurrencies in fostering increased use of digital transactions:

“It is becoming more convenient for all users to pay for goods and services through electronic wallets, and the digital currency can play the role of a catalyst for using it for payments in a broader sense.”

Embracing a Crypto Finance Education Strategy

In her address, the deputy chief also referenced the impending crypto financial education program that will be a focus for the bank moving forward, citing a recent case of fake bitcoin sales allegedly sold in Obninsk, southwest of Moscow. The Russian Central Bank’s Head of Consumer Protection Services, Mikhail Mamut, announced at the conference that “The Central Bank will pay more attention to increasing financial literacy in this area in order to minimize basic mistakes.”

The Russian Ministry of Finance has recently approved the incorporation of cryptocurrency into the country’s financial literacy strategy. Minister of Finance Anton Siluanov has stated in a broadcast on TV channel “Russia 24” that it is necessary to include the topic of cryptocurrency to improve the financial literacy of Russians:

“The question of investing in instruments such as cryptocurrencies will, of course, be discussed, and we now see more risks than recommendations on investing in such instruments. So, explaining the possible consequences of investing in unregulated instruments will be one of the issues with which we will speak for the current year and until 2023.”

Russia Opposes Bitcoin

The recent indications that Russia may be introducing a state-backed cryptocurrency are at odds with recent condemnations of other cryptocurrencies such as bitcoin. The Russian Central Bank has previously taken a hardline stance to the use of digital currencies, stating “Concerning the use of cryptocurrency, according to the current legislation, the official currency of the Russian Federation is the ruble. The issue of monetary surrogates in the territory of the Russian Federation is not allowed.”

Given the recent statements made First Deputy Prime Minister Igor Shuvalov in his support of the creation of a state-backed Crypto-Ruble, it’s clear that the Russian government desires promote the integration of blockchain technology into a state-controlled apparatus, rather than oppose it directly. This is further indicated by comments from Russian President Vladimir Putin on October 10:

“We need – based on international experience – to build a regulatory environment that will make it possible to codify relations in this sphere, reliably protect the interests of citizens, businesses, and the state and provide legal guarantees for using innovative financial instruments.”

In the meeting with Russia’s finance minister and central bank governors, Putin stated, “I would like once again to draw your attention to the need to use the advantages that are offered by new technological solutions in the banking sphere. At the same time, it is important not to create unnecessary barriers, of course, but rather to provide essential conditions for advancing and upgrading the national financial system.”

The post Russian Central Bank Pivots on Cryptocurrency Stance, Endorses Crypto-ruble appeared first on BTCMANAGER.

Having Switched From Mining Gold to Cryptocurrency, Hive Notes 633% Growth

TheMerkle Hive Drops Gold Mining Cryptocurrency

In Canada, the mining industry has seen some significant growth as of late. Especially when it comes to gold mining, there is still a lot of money to be made. Even so, some companies are pivoting their business models from mining gold to mining Bitcoin and altcoins. Vancouver-based Hive Blockchain Technologies, Inc is worth keeping an eye on in this regard.

Mining Gold is Passe, it Seems

Plenty of people dream of mining gold, for obvious reasons. Due to its scarce nature and high market value, a successful gold mining operation can quickly turn into a lucrative business. It does involve a lot of hard work – mainly manual labor – and it requires a ton of money just to get started. Even then, there is no guarantee of success whatsoever, which means a lot of people will lose money in the process. Still, the allure of finding a gold vein woos a lot of people to this day.

Even experienced gold miners like Frank Giustra are keeping an eye on cryptocurrencies, though. This new breed of mining money has been attracting a lot of attention of late. Especially now that one Bitcoin is worth about four times as much as an ounce of gold, mining operators are increasingly contemplating switching from gold to cryptocurrency. The latter still requires a significant upfront investment, but the manual labor is kept to a minimum as computers do all of the hard work. Overall, it appears to be a far more lucrative venture right now; that much is obvious.

It is not entirely surprising, then, to learn that Giustra is one of the many people backing a Vancouver-based cryptocurrency mining initiative. The company goes by the name of Hive Blockchain Technologies Inc, and it is one of the first publicly traded stocks to provide exposure to cryptocurrency mining. This news comes at a time at which investors are looking for exposure to cryptocurrency valuations through CFDs and ETNs. Exposing such people to the mining process in this way is an interesting, albeit justifiable course of action. Under a previous name, the company used to be involved in gold mining operations. 

It has to be said, Giustra’s decision has proven rather prudent so far. As an early backer, he’s successfully netted a 633% return on his investment as of right now, as the Hive shares are shooting up in value. After the initial share sale brought in CA$30 million, the company’s market capitalization has grown to around CA$553 million. That’s quite significant growth, considering this was mainly achieved well ahead of the current Bitcoin price rise. It is evident investors know where the real money is made, and cryptocurrency is the market to keep an eye on in every way possible.

Importantly, Hive has a first-mover advantage in this industry. Up until now, there have been virtually no companies exposing investors to cryptocurrency mining earnings. The company entered the space at a most opportune time, considering the trading of Hive Blockchain Technologies Inc only began on September 18th. Such spectacular growth in just a month should not be overlooked by any means.

For the time being, Hive only mines Bitcoin by the looks of things. However, the company will mine different cryptocurrencies moving forward. It also plans to purchase a second Genesis Mining data center in the near future. Plus, it will buy more mining hardware in both Iceland and Sweden, which should open up a lot of new and exciting opportunities. It is evident the cryptocurrency mining industry is firing on all cylinders right now and a lot of people want to be a part of it. It will be interesting to see how this market evolves in the coming months and years.

Update on recent events within eBTC

eBTC: Behind the scenes
Well. A lot has happened to get to this point. And it is going to be a lot to take in so bare with me.

Let’s catch up.

Satoshi21 created eBTC, he formed a team, then abandoned the project and left everything behind. It might be hard to believe but he has his reasons and we don’t fault him for that. Although he could have warned us.

The Road Ahead

The eBTC team has got everything they need to proceed with the project. We have the private keys/the developers/the marketing team/the core team. We are aiming for the moon while keeping our heads down and working hard to develop eBTC.

The Plan Is Simple

In the coming days we have a lot to do. A lot of fires to put out and a lot of progress needs to be made to ensure the community trusts eBTC.

Here’s what we are working on.

Rebuilding

We will be actively building up our follower base on all social media platforms and creating content to keep our community informed

Code Audit

To make sure we don’t have the same mistakes again, we will be having the code audited (looked over) by many different people to ensure it is flawless

Token Swap

Once the code has been finalized and implemented we will be honoring everyone who has supported eBTC so far with a 1:1 token swap.

(This means you trade the eBTC tokens from the flawed contract to the eBTC tokens to the new flawless contract)

Exchanges

We have numerous emails to send out to ensure that multiple exchanges list eBTC. Really nothing more than just reaching out and seeing how to get listed.

Well that’s it so far. When we have more updates, i’ll be sure to let you know. Until then feel free to reach out to us. I’ll make it a point to answer every email/every question/everything. We want you to believe in this as much as we do.

Besides, to backup please join our actual group where we let the community vote for any main decisions on the developement:

Community Trust Token

And dont forget:

Go vote on mercatox! This is important for the whole community!

You must vote: NO

MERCATOX Ethereum Exchange - ETH / BTC Trade

The eBTC Foundation Team

Update on recent events within eBTC

eBTC: Behind the scenes
Well. A lot has happened to get to this point. And it is going to be a lot to take in so bare with me.

Let’s catch up.

Satoshi21 created eBTC, he formed a team, then abandoned the project and left everything behind. It might be hard to believe but he has his reasons and we don’t fault him for that. Although he could have warned us.

The Road Ahead

The eBTC team has got everything they need to proceed with the project. We have the private keys/the developers/the marketing team/the core team. We are aiming for the moon while keeping our heads down and working hard to develop eBTC.

The Plan Is Simple

In the coming days we have a lot to do. A lot of fires to put out and a lot of progress needs to be made to ensure the community trusts eBTC.

Here’s what we are working on.

Rebuilding

We will be actively building up our follower base on all social media platforms and creating content to keep our community informed

Code Audit

To make sure we don’t have the same mistakes again, we will be having the code audited (looked over) by many different people to ensure it is flawless

Token Swap

Once the code has been finalized and implemented we will be honoring everyone who has supported eBTC so far with a 1:1 token swap.

(This means you trade the eBTC tokens from the flawed contract to the eBTC tokens to the new flawless contract)

Exchanges

We have numerous emails to send out to ensure that multiple exchanges list eBTC. Really nothing more than just reaching out and seeing how to get listed.

Well that’s it so far. When we have more updates, i’ll be sure to let you know. Until then feel free to reach out to us. I’ll make it a point to answer every email/every question/everything. We want you to believe in this as much as we do.

Besides, to backup please join our actual group where we let the community vote for any main decisions on the developement:

Community Trust Token

And dont forget:

Go vote on mercatox! This is important for the whole community!

You must vote: NO

MERCATOX Ethereum Exchange - ETH / BTC Trade

The eBTC Foundation Team

Bitcoin volatility software- Bitconnect proof

Investing on BitConnect platform, as you will find, is a safe way to earn a high rate of return on your investment without having to undergo a significant amount of risk.

The interest rate that we can guarantee on your investment while using our investment platform is calculated by our BitConnect Price Volatility Software and accrued daily.

Learn more or sign up to Bitconnect here

Bitcoin volatility software- Bitconnect proof

Investing on BitConnect platform, as you will find, is a safe way to earn a high rate of return on your investment without having to undergo a significant amount of risk.

The interest rate that we can guarantee on your investment while using our investment platform is calculated by our BitConnect Price Volatility Software and accrued daily.

Learn more or sign up to Bitconnect here

Prime-ex perpetual

A company which will make profit to you by investing in the real estate.
It will provide you with the beat rates if the real estate or your property.Currently the best company which has raised the value of Real Estate.
It is a company that disruptes the real estate industry.
The main motive of the company is to make profit to the investors whenever the property is sold or purchased.
Prime-Ex Perpetual (Prime-Ex) will take control over the real estate process from beginning to end, encompassing the selection, construction, sales, borrower financing, and maintenance of the custom homes.

This will create opportunities to the participants so that they can win every time with a new property being built, sold, and financed within or through the Prime-ex.

The system of Prime-Ex will utilize blockchain technology to the crowd-fund its operations with the PEX-Token (PEX), and will create both organic and external demand for PEX tokens within the Prime-Ex business model.

Rules and regulations for the bounty programs-

The Prime-Ex Perpetual Bounty Campaign consists of 0.83% of the PEX Tokens sold in the ICO up
to 250,000 PEX Tokens, and will be distributed to the following pools:
(20%) Facebook Campaign
(20%) Twitter Campaign
(20%) Custom Bounty Campaign
(15%) Bitcointalk Signature Campaign
(15%) Prime-Ex Thread Support
(10%) Bitcointalk Translation Campaign

RULES AND REQUIREMENTS APPLICABLE TO ALL BOUNTY PROGRAMS
PRE-REQUISITES:

Participants must have a Waves Wallet from https://wavesplatform.com/ to
complete registration. Bounty tokens will be deposited after the ICO to this Waves Wallet.
REGISTRATION: Visit https://bounty.prime-ex.com to sign-up to our bounty program, and accept
the registration terms and conditions. Registration opens on September 8th at 12:00 p.m. Panama Timezone.
NEWSLETTER: By registering to the bounty program, you agree to sign up to the Prime-Ex
Perpetual newsletter, and agree to open all communications sent from Prime-Ex Perpetual for the duration of the bounty campaign.
DURATION: All bounty campaigns will run from September 10th at 12:00 p.m. Panama Time, through November 30th at 8 p.m. Panama Time. This is a total of eleven (11) weeks. Each member of a Bounty Campaign is expected to contribute their efforts at least weekly.

CREDITED SUBMISSIONS: All completed work must be submitted to your personal profile page that you’ve registered at bounty.prime-ex.com by copy/paste of your completed work’s URL under the appropriate campaign header for each instance where you are seeking credit towards your
bounty. Posts without a valid URL will not be counted.
STATUS: Participation and status for each bounty will be posted on http://bounty.prime-ex.com.

TERMINATION: Prime-Ex reserves the right to terminate the bounty campaign at any point. For
instance, if PEX tokens are sold out before November 30th, all bounty campaigns close and earned
tokens will be calculated according to shares at time of closure.

Prime-ex perpetual

A company which will make profit to you by investing in the real estate.
It will provide you with the beat rates if the real estate or your property.Currently the best company which has raised the value of Real Estate.
It is a company that disruptes the real estate industry.
The main motive of the company is to make profit to the investors whenever the property is sold or purchased.
Prime-Ex Perpetual (Prime-Ex) will take control over the real estate process from beginning to end, encompassing the selection, construction, sales, borrower financing, and maintenance of the custom homes.

This will create opportunities to the participants so that they can win every time with a new property being built, sold, and financed within or through the Prime-ex.

The system of Prime-Ex will utilize blockchain technology to the crowd-fund its operations with the PEX-Token (PEX), and will create both organic and external demand for PEX tokens within the Prime-Ex business model.

Rules and regulations for the bounty programs-

The Prime-Ex Perpetual Bounty Campaign consists of 0.83% of the PEX Tokens sold in the ICO up
to 250,000 PEX Tokens, and will be distributed to the following pools:
(20%) Facebook Campaign
(20%) Twitter Campaign
(20%) Custom Bounty Campaign
(15%) Bitcointalk Signature Campaign
(15%) Prime-Ex Thread Support
(10%) Bitcointalk Translation Campaign

RULES AND REQUIREMENTS APPLICABLE TO ALL BOUNTY PROGRAMS
PRE-REQUISITES:

Participants must have a Waves Wallet from https://wavesplatform.com/ to
complete registration. Bounty tokens will be deposited after the ICO to this Waves Wallet.
REGISTRATION: Visit https://bounty.prime-ex.com to sign-up to our bounty program, and accept
the registration terms and conditions. Registration opens on September 8th at 12:00 p.m. Panama Timezone.
NEWSLETTER: By registering to the bounty program, you agree to sign up to the Prime-Ex
Perpetual newsletter, and agree to open all communications sent from Prime-Ex Perpetual for the duration of the bounty campaign.
DURATION: All bounty campaigns will run from September 10th at 12:00 p.m. Panama Time, through November 30th at 8 p.m. Panama Time. This is a total of eleven (11) weeks. Each member of a Bounty Campaign is expected to contribute their efforts at least weekly.

CREDITED SUBMISSIONS: All completed work must be submitted to your personal profile page that you’ve registered at bounty.prime-ex.com by copy/paste of your completed work’s URL under the appropriate campaign header for each instance where you are seeking credit towards your
bounty. Posts without a valid URL will not be counted.
STATUS: Participation and status for each bounty will be posted on http://bounty.prime-ex.com.

TERMINATION: Prime-Ex reserves the right to terminate the bounty campaign at any point. For
instance, if PEX tokens are sold out before November 30th, all bounty campaigns close and earned
tokens will be calculated according to shares at time of closure.

Daily technical analysis: Monero — October 12 (Monero/USD)

CoinCheckup Technical Analysis

In order to support you and the crypto community with trading decisions, CoinCheckup is serving you with Daily Technical analysis updates for Monero & other Cryptocurrencies.

Note that this report is written on: Oct 12, 2017 03:53AM GMT

Technical Summary Monero: STRONG SELL

Moving Averages: 5 BUY / 7 SELL | Technical Indicators: 0 BUY / 11 SELL

Monero 24 hour Technical Indicators

What is are these indicators (click for more info):RSI, STOCH, STOCHRSI, MACD, ADX, Williams %R, CCI, ATR, Ultimate Oscillator, ROC, Bull/Bear Power

Monero’s Moving Average indicators

What is “moving average” (more info)?

Monero’s Background, Fundamentals, Investment stats & Long-term indicators

Thanks for reading!

Feel free to share your thoughts, feedback, and suggestions in the comments below. If you like this article share it on social and with your friends! :-)Subscribe and stay tuned for daily updates!You can also get in touch with the CoinCheckup for Feedback or new features you would like to see on the CoinCheckup website.

CoinCheckup | Crypto Market Analysis, Predictions & Investment stats

Disclaimer: Trading and investing in digital assets is highly speculative and comes with many risks. The analysis & stats from CoinCheckup are for informational purposes and should not be considered investment advice. Statements and financial information on CoinCheckup.com should not be construed as an endorsement or recommendation to buy, sell or hold. Please do your own research on all of your investments carefully. Technical analysis stats are out of date the moment we post them. Scores on CoinCheckup are based on common sense Formulas that we personally use to analyse crypto coins & tokens. We’ll open source these formulas soon. Past performance is not necessarily indicative of future results. [Read the full disclaimer here]

Daily technical analysis: IOTA — October 12 (IOTA/BTC)

CoinCheckup Technical Analysis

In order to support you and the crypto community with trading decisions, CoinCheckup is serving you with Daily Technical analysis updates for IOTA & other Cryptocurrencies.

Note that this report is written on: Oct 12, 2017 03:46AM GMT

Technical Summary IOTA: STRONG SELL

Moving Averages: 1 BUY / 11 SELL | Technical Indicators: 1 BUY / 7 SELL

IOTA 24 hour Technical Indicators

What is are these indicators (click for more info):RSI, STOCH, STOCHRSI, MACD, ADX, Williams %R, CCI, ATR, Ultimate Oscillator, ROC, Bull/Bear Power

IOTA’s Moving Average indicators

What is “moving average” (more info)?

IOTA’s Background, Fundamentals, Investment stats & Long-term indicators

Thanks for reading!

Feel free to share your thoughts, feedback, and suggestions in the comments below. If you like this article share it on social and with your friends! :-)Subscribe and stay tuned for daily updates!You can also get in touch with the CoinCheckup for Feedback or new features you would like to see on the CoinCheckup website.

CoinCheckup | Crypto Market Analysis, Predictions & Investment stats

Disclaimer: Trading and investing in digital assets is highly speculative and comes with many risks. The analysis & stats from CoinCheckup are for informational purposes and should not be considered investment advice. Statements and financial information on CoinCheckup.com should not be construed as an endorsement or recommendation to buy, sell or hold. Please do your own research on all of your investments carefully. Technical analysis stats are out of date the moment we post them. Scores on CoinCheckup are based on common sense Formulas that we personally use to analyse crypto coins & tokens. We’ll open source these formulas soon. Past performance is not necessarily indicative of future results. [Read the full disclaimer here]

We are launching Europe’s First True Equity Token

We are happy to announce that we are launching Europe’s first equity token as we strive to build a first of a kind blockchain bank with decentralised ownership.

We will be the first to offer tokens that represent equity in the underlying company, with participants able to take part in our Equity Token Generation (ETG) event taking place before the end of the year.

Our team is made up of seasoned bitcoin investors and blockchain developers and our advisors boast breadth and depth of expertise in banking, blockchain technology and entrepreneurship.

We’re proud to have CEO and cofounder of Lisk Max Kordek; former Merrill Lynch Investment banker, Ricardo Schaefer; HTGF Managing Director Dr. Alex von Frankenberg; strategic advisor Niels Dörje; and consumer marketing consulting expert Andreas Hoerr among our investors.

“Blockchain has the potential to fundamentally change how we exchange financial value in an increasingly global marketplace,” commented Dr. Ricardo Schaefer, an early Bitwala investor and former Merrill Lynch investment banker.

“Bitwala’s ambition to create a borderless banking solution that operates in harmony with current financial systems and regulations is truly game-changing. We are excited to join them on this journey, and look forward to celebrating imminent milestones with them,” continued Schaefer.

Developing a financially inclusive future

We want to empower people to exchange value like they exchange ideas, without borders or intermediaries and in a way that inspires communities to grow.

Since launching in 2015, our products helped over 57000 business and individual customers access financial services using the blockchain.

Banking the crypto economy

For businesses, we want to make it possible to accept and integrate cryptocurrencies while not be rejected by high street banks for doing so. It also means building tools that help them with accounting for cryptocurrencies and lowering the operational overheads that exist now.

For individuals, we are making it much easier to partake in the crypto economy. Even with the recent rise in popularity of cryptocurrencies, this market is still confined to less than 0.1% of the world’s population. We will develop new user-centric customer journeys to make cryptocurrencies far more accessible when it comes to traditional banking operations and loan taking.

A true blockchain bank

Building the first of it’s kind equity token powered blockchain bank is significant because it will provide customers with a crypto-first, government-recognised company that will empower them to interact with the crypto economy in a secure, frictionless and compliant way.

You can find more about our project and read our whitepaper on our website at https://vision.bitwala.com/ or watch our panel discussion at Paris Fintech Forum.

After several financing rounds, years in crypto banking and a couple of wind downs we are beyond excited to be a part of the wave of innovation we expect to see unleashed by the crowd through blockchain’s first truly decentralised blockchain bank.


We are launching Europe’s First True Equity Token was originally published in Bitwala on Medium, where people are continuing the conversation by highlighting and responding to this story.

We are launching Europe’s First True Equity Token

We are happy to announce that we are launching Europe’s first equity token as we strive to build a first of a kind blockchain bank with decentralised ownership.

We will be the first to offer tokens that represent equity in the underlying company, with participants able to take part in our Equity Token Generation (ETG) event taking place before the end of the year.

Our team is made up of seasoned bitcoin investors and blockchain developers and our advisors boast breadth and depth of expertise in banking, blockchain technology and entrepreneurship.

We’re proud to have CEO and cofounder of Lisk Max Kordek; former Merrill Lynch Investment banker, Ricardo Schaefer; HTGF Managing Director Dr. Alex von Frankenberg; strategic advisor Niels Dörje; and consumer marketing consulting expert Andreas Hoerr among our investors.

“Blockchain has the potential to fundamentally change how we exchange financial value in an increasingly global marketplace,” commented Dr. Ricardo Schaefer, an early Bitwala investor and former Merrill Lynch investment banker.

“Bitwala’s ambition to create a borderless banking solution that operates in harmony with current financial systems and regulations is truly game-changing. We are excited to join them on this journey, and look forward to celebrating imminent milestones with them,” continued Schaefer.

Developing a financially inclusive future

We want to empower people to exchange value like they exchange ideas, without borders or intermediaries and in a way that inspires communities to grow.

Since launching in 2015, our products helped over 57000 business and individual customers access financial services using the blockchain.

Banking the crypto economy

For businesses, we want to make it possible to accept and integrate cryptocurrencies while not be rejected by high street banks for doing so. It also means building tools that help them with accounting for cryptocurrencies and lowering the operational overheads that exist now.

For individuals, we are making it much easier to partake in the crypto economy. Even with the recent rise in popularity of cryptocurrencies, this market is still confined to less than 0.1% of the world’s population. We will develop new user-centric customer journeys to make cryptocurrencies far more accessible when it comes to traditional banking operations and loan taking.

A true blockchain bank

Building the first of it’s kind equity token powered blockchain bank is significant because it will provide customers with a crypto-first, government-recognised company that will empower them to interact with the crypto economy in a secure, frictionless and compliant way.

You can find more about our project and read our whitepaper on our website at https://vision.bitwala.com/ or watch our panel discussion at Paris Fintech Forum.

After several financing rounds, years in crypto banking and a couple of wind downs we are beyond excited to be a part of the wave of innovation we expect to see unleashed by the crowd through blockchain’s first truly decentralised blockchain bank.


We are launching Europe’s First True Equity Token was originally published in Bitwala on Medium, where people are continuing the conversation by highlighting and responding to this story.

Quantstamp: a Superior Token Sale Process Edit

We’re all tired of seeing the huge numbers of shills that accompany every ICO these days. They’re either paid marketers or ICO “flippers” — who could care less what happens to the project — or other contributors — down the line.

So it was very refreshing when we came across Quantstamp, a protocol for securing smart contracts , which is holding a token sale in November. The Quantstamp team, led by CEO Richard Ma, is keeping the hype low and instead encouraging contributors to help out organically, through an innovative approach called “Proof-Of-Caring”.

What is Quantstamp?

Quantstamp is the first scalable security-audit protocol designed to find vulnerabilities in Ethereum smart contracts. It enables scalable, automated auditing of the millions of smart contract built on Ethereum, and later other blockchains.

The team is stellar: PhDs with industry experience, backed by a powerful blockchain industry advisory board, including Facebook’s Director of Engineering Evan Cheng.

More details can be found Quantstamp’s website at https://quantstamp.com/

Why is Proof-Of-Caring?

Proof-of-Caring is anti-marketing. It’s an initiative from the Quantstamp team to ensure they have caring contributors instead of speculators.

The presale will be filled on a rolling basis, based on how much contributors can demonstrate they care about the project. “Show the love by writing a blog post, reaching out to different corners of the internet, reviewing our project, making a quick youtube video or podcast, reviewing the pros and cons of our whitepaper, or by inviting people to join us on telegram and help us build a genuine community.”

“Proof-of-Caring” and Quantstamping is going viral soon! Show that you care by contributing to the Quantstamp token sale!

ELTCOIN — the Ethereum Limited Total Coin

Dear ELTCOIN Community,

Today we made a bold decision to go beyond what has been achieved by all Ethereum ERC-20 tokens to date. Rather than repeat the e-coin failures of eBTC, eLTC, and eLTC2, we decided to carve our own path as ELTCOIN.

For new readers, ELTCOIN is built by a strong team of passionate developers who deeply care about the success of an ERC-20 token with a limited supply.

We were the first to highlight and understand the core failures that were consistent in e-coin contracts highlighted in our previous post, which is why we placed fairness and transparency at the core of ELTCOIN.

Here is what we’ve been working on:

  1. ELTCOIN — new ticker, which stands for Ethereum Limited Total Coin.
  2. INCREASED TOTAL COINS — we wanted to keep things simple for our Community and have raised the limited supply of total coins to 100M.
  3. FAIRNESS — we noticed on our first AIRDROP that the whitelist was oversubscribed with duplicate addresses and decided to redistribute our tokens through a second AIRDROP that corrects this problem.
  4. FASTER — we discovered early on that the distribution of our AIRDROP was not propagating through the system quickly enough. Our upgrade improves on the update and delivers ELTCOIN 85% faster.
ELTCOIN has big ambitions. Join us on our mission to the moon 🚀.

Keep up to date:
Website:
www.ELTCOIN.tech
Telegram: https://t.me/real_eLTC_communitySDkF
Twitter:@officialELTCOIN
BitcoinTalk: https://bitcointalk.org/index.php?topic=2248737.new#new

ELTCOIN — the Ethereum Limited Total Coin

Dear ELTCOIN Community,

Today we made a bold decision to go beyond what has been achieved by all Ethereum ERC-20 tokens to date. Rather than repeat the e-coin failures of eBTC, eLTC, and eLTC2, we decided to carve our own path as ELTCOIN.

For new readers, ELTCOIN is built by a strong team of passionate developers who deeply care about the success of an ERC-20 token with a limited supply.

We were the first to highlight and understand the core failures that were consistent in e-coin contracts highlighted in our previous post, which is why we placed fairness and transparency at the core of ELTCOIN.

Here is what we’ve been working on:

  1. ELTCOIN — new ticker, which stands for Ethereum Limited Total Coin.
  2. INCREASED TOTAL COINS — we wanted to keep things simple for our Community and have raised the limited supply of total coins to 100M.
  3. FAIRNESS — we noticed on our first AIRDROP that the whitelist was oversubscribed with duplicate addresses and decided to redistribute our tokens through a second AIRDROP that corrects this problem.
  4. FASTER — we discovered early on that the distribution of our AIRDROP was not propagating through the system quickly enough. Our upgrade improves on the update and delivers ELTCOIN 85% faster.
ELTCOIN has big ambitions. Join us on our mission to the moon 🚀.

Keep up to date:
Website:
www.ELTCOIN.tech
Telegram: https://t.me/real_eLTC_communitySDkF
Twitter:@officialELTCOIN
BitcoinTalk: https://bitcointalk.org/index.php?topic=2248737.new#new

Bullish Bitcoin Price Action Pushes Value to $4,600 and Beyond

Today has already proven to be an exciting day for Bitcoin holders as we speak. Although the price surpassed $4,600 not too long ago, it will take some time until this can be considered to be a stable Bitcoin price level. Right now, the Bitcoin price sits at $4,584.12, which is a more than respectable value for the time being. It appears to be a matter of time until we see the value go up to $4,600 again, but for now, patience is a virtue.

Solid Bitcoin Price Action to Kick off the new Week

It doesn’t happen all that often we can enjoy positive Bitcoin price action after a weekend. Then again, it seems the demand for Bitcoin is increasing on a global scale once again. That is a good sign, as some people feel the Bitcoin price has been suppressed for an extended period of time. Considering how we only have put the China scares behind us once and for all, things will get very interesting moving forward.

Whether or not this means the Bitcoin price will return to $5,000 or potentially more before the year is over, remains to be seen. No type of regulation should affect the Bitcoin price whatsoever, as no one can regulate the world’s leading cryptocurrency it. All they can do is go after centralized exchanges, yet atomic swaps may render that problem moot in the coming months. This particular type of development is well worth paying attention to in the coming months.

Now that we have seen the Bitcoin price touch $4,600 once again, it is to be expected, there will be some form of a “battle for control”. With obvious profit taking looming overhead at all times and potential market volatility to contend with, finding stable ground around $4,600 will not be an easy feat whatsoever. After all, there has been some negative market pressure already even when the price stayed above this level for over six hours straight.

That being said, things are looking pretty positive for the Bitcoin price right now. With the trading volume slowly picking up as well, we can finally see some major growth for Bitcoin in the coming days. After all, the Bitcoin trading volume was pretty disappointing last week, and things are finally going back to normal as we speak. With $1.461bn in 24-hour volume, things are finally heading back to the level we would expect to see in the Bitcoin world.

bitFlyer has been dethroned by Bithumb again as the second-largest Bitcoin exchange by volume. Bitfinex is still the leading platform for the time being but that situation will not change anytime soon. It is good to see fiat currency markets dominate the top three of exchanges by volume. Although a lot of people are converting altcoins to Bitcoin again, the main demand stems forth from US Dollars, Korean Won, and the Japanese Yen.

For the time being, we have to get with the program as far as the Bitcoin price is concerned. Things look pretty positive right now, but cryptocurrency markets are known for their extreme volatility when people least expect it.  It is unclear what this means for the future of cryptocurrency in general. Right now, the complete cryptocurrency market cap sits well above the $150bn mark again. That in itself is a pretty positive sign, considering most altcoins are in the red right now.

Dynamic governance and the dawn of a new era

When most democracies in the world hold an election, they begin with an elimination process where candidates are removed at various stages until there is only two choices. This not only creates dissatisfaction amongst supporters of removed candidates early on, but ultimately disappoints the large number of people who supported one of the main candidates who lost in the final round. Let’s put this in terms of software, a social media platform decides to implement new features for it’s users. Hopefully it was because users requested the changes but this isn’t always the case, then they update the software and force all clients to connect to the new version, anyone who attempts to use an old version will be denied access. This leaves potentially thousands or millions of users who preferred older versions completely out of luck. This is especially true in the gaming community, where players often revert back to older versions of the game because they did not like what changes the developers have made. Also gamers are well known for creating mods that allow for a more enjoyable and exiting experience.

So why is it that we are forced to do as the developers want and aren’t granted freedom over what we are using? After all we are the ones that give the platform life, without users you have nothing.

That’s why we are directing focus back to the users ability to decide what’s best for them. Lynx provides the option to upgrade and modify individual clients without relying on a centralized entity. You can accept or deny global changes to your specific client set forth by the majority of the network, make changes alone on a personal level, or implement modifications on a company wide scale(more on smart companies in a later post). Governance of the global system is decided with a voting process similar to the ones we use today, choices are voted on before hand via preliminary voting until it is narrowed down to the desired amount of choices. Votes are casted using the Lynx Network Token and ensures it is impossible to manipulate the outcome. Aside from governing updates and changes to the systems software, users are able to modify existing platforms hosted within the network. Let’s take the Academy for example, it’s the default forum of Lynx where users congregate for decision making and the sharing of ideas. While it would be possible alone, it would make more sense to modify the Academy with a group that would enjoy the changes. A complete redesigning or modification of the Academy is allowed, where users can make private invite only, or public versions of the existing forum with an entirely different set of rules for ranking and rewards. The possibilities are endless and the decision to modify existing platforms or create entirely new ones is placed in the hands of the user to maximize their freedom of choice.

Not only are users in control of features and interaction, but of real world capital in the form of Ether, the token that powers Ethereum.

In our next post, we will explore how revenue is managed by the community with the decentralized global pool.

Block-chain Can be The Key to Building Consumer Experience & Consumer Trust in Retail Industry.

RPay is a bold and innovative initiative using block-chain that helps retailers to reduce or remove counterfeit goods from the marketplace, reduces arduous transaction processes, reduces cost of proving product authentication and vastly enhances customer experience. Basically, block-chain is a distributed ledger secured by encryption that offers an unalterable and trustworthy record of information without the need for verification. It does so by building a database of entries each built from a preceding block of information and stored as a copy, which is protected by a complex mathematical algorithm. This method makes it difficult for altering transaction records thereby eliminating any chances of fraud.

RPay addresses countless marketing and distribution challenges, from global competition of online shopping to margin pressure, which retailers have to deal with:

· Improves supply visibility and reduces unpredictability in the supply chain

· Vests consumer with power to demand both quality and lower prices.

· Emphasizes on proof on product authenticity for astute and demanding customers.

· It reduces conflict between supply and expectation.

· Eliminates completely cost and processing time of third party payment systems

· Incorporates smart contracts that automatically executes, enforces and fulfills business obligations without interventions.

· Eliminates chances of errors that can occur at numerous steps of participating points in a transaction.

· Makes transactions absolutely transparent as consumers can trace to origin of the product.

· Decentralized technology eliminated the need for buyer-seller communication to pass through a central channel not only reduces communication time it also narrows expectation gaps.

· From a logistics point of view, RPay blockchain makes shipment trackable at every stage of movement and records who handled it when and where.

Find all about Rpay at the official website http://www.rpay.io

Contact us: social@rpay.io