Category Archives: cryptocurrency-investment

How to import your positions from Blockfolio App to Google Sheets

Blockfolio App is a great alternative like Delta to manage your investments on cryptocurrencies, linking your positions with the most common exchanges on the market.

If you already have your investments on Blockfolio you can jump to step #3

#1 Install Blockfolio App

https://blockfolio.com/#download

#2 Add your crypto holdings

If you don’t know how to do this, you can check it here: https://www.youtube.com/watch?v=Kh2VSE_1W84

#3 Create your Google Sheet

https://docs.google.com/spreadsheets/create?usp=drive_web&folder=0ACwp4mcw9fAFUk9PVA&authuser=0

#4 Install the script to read JSON from external websites

To do that you can follow these steps:

https://medium.com/@paulgambill/how-to-import-json-data-into-google-spreadsheets-in-less-than-5-minutes-a3fede1a014a

#5 Copy your token from your Blockfolio to access your balances via API

Open your Blockfolio App > Go to Settings

It can be found on the bottom.


Copy the token from Blockfolio

#6 Add the formula to read the JSON from Blockfolio API to your Google Sheet using your token copied on step 5

Blockfolio exposes the details through API that returns a JSON as response.

Formula:

=substitute(ImportJSON(“https://api-v0.blockfolio.com/rest/get_all_positions/YOUR-TOKEN-HERE?fiat_currency=AUD", “/portfolio/portfolioValueFiat”, “noHeaders”), “.”, “,”)

Rather than AUD you can put another currency(USD,EUR,BRL).

Now you have your Cryptocurrencies portfolio inside the Google Sheets as well.

(:

Liquidity Providers


Live octopus is called sannakji in Korea. Photo credits: Antonella Lombardi at Unsplash.

This is the third part of a series on the fundamentals of cryptocurrency exchanges. This article focuses on the market maker, what motivates them, and why they are important for the marketplace and, by extension, cryptocurrency exchanges. Terms in bold were previously defined here and here. Otherwise, they are explained in the article.

Exchanges are marketplaces. In order to exist, marketplaces need people with an inventory of things to trade. These people are called market makers. These market makers set prices on the inventory that they have for trade.

Similarly, cryptocurrency exchanges also need market makers to exist. The cryptocurrency world uses different nomenclature for the same phenomena encountered in more familiar marketplaces. For example, things for trade are called assets and market makers are referred to as liquidity providers.

Consider a smelly example. A traditional Korean dry foods market will have vendors selling dried squid. These vendors will also buy dried squid if they anticipate being able to sell it later for a profit.

Liquidity providers make money buying an asset at certain a price and selling it later for a higher price. The purchase price is called the bid price. The sale price is called the ask price. The difference between the maker’s bid and the ask price is called the bid/ask spread.

Liquidity providers enter their ask and bid prices in a cryptocurrency exchange’s centralized order book. In this order book, ideally, many other liquidity providers are simultaneously listing their ask and bid prices.

The greater the number of liquidity providers, the greater the number of limit orders in the centralized order book. Exchanges need liquidity providers in order to improve market liquidity. Market liquidity, also called asset liquidity, is an indication of how favorable it is to buy or sell an asset at any particular point in time.


Octopus on ice. Photo by Alex Knight on Unsplash.

Imagine that a live octopus craze sweeps through Korea. For weeks, people only purchase and consume live octopus, called sannakji [산낙지] in Korea. The craze results in fewer people having interest in dried squid. Like dried squid, its market liquidity dries up. The market for dried squid becomes an illiquid market. Fewer people pass through an illiquid market.

In illiquid markets, the time between transactions increases in comparison to highly liquid markets. Consequently, in an illiquid market, market makers holding inventories of dried squid, either have to sit on their inventory for longer periods or complete transactions at prices that are unfavorable to them.

Market makers do not want to trade at prices that are unfavorable to them. Cryptocurrency exchanges know that there are risks to being a liquidity provider when there is a shortage of takers. When there are fewer takers in the marketplace, makers risk unprofitably holding inventory. For this reason, cryptocurrency exchanges offer incentives to liquidity providers. For example, GDAX eliminates transaction fees on all limit orders.

Cryptocurrency exchanges will go to even greater extents to attain substantial order book depth and generate trading volume by paying liquidity providers fixed service fees for specified spreads and volumes. Additionally, cryptocurrency exchanges may set aside a portion of their own funds to provide liquidity themselves. Ideally, cryptocurrency exchanges do not need to resort to using their own inventory of asset to fulfill market orders. Ideally, liquidity providers do just that.

Why We Started Crypto Mondays

On December 30th, I published My Seven Crypto New Year’s Resolutions, my first resolution was:

#1 Crypto Mondays

This is the easiest initiative to accomplish and will likely be the most fun. We (meaning our company CryptoOracle) just want to spend our Monday nights hanging with others as passionate about Crypto as we are. There are no guest speakers or panels at Crypto Mondays. It’s just a a place to go on Mondays and be with like minded people.

Crypto Mondays is starting in NYC on Monday, January 8th at 6:30pm. Click here to join our Meetup, Crypto Mondays NYC. Let us know if you want to start Crypto Mondays in your hometown. I think it’s going to be a thing.

________________________________

The response to that resolution has been awesome. We have over 250 people registered for the first Crypto Monday, and we’ve been contacted by friends and Crypto enthusiasts we didn’t yet know, who want to start Crypto Monday in Los Angeles, Toronto, San Diego, London, and Dubai, to name just a few.

The idea behind this post is simply to give the Crypto Mondays initiative even more momentum by given a little more clarity on the three major reasons we started Crypto Mondays and how we Crypto Mondays will evolve.

1. Giving Back To The Crypto Community

Almost everyone who has been in Crypto for more than a week has gotten more from Crypto than they could have ever imagined. So we all should be thinking of giving back to the community that has given us so much. Crypto Mondays is our way of helping the NYC community by providing a place for anyone who’s passionate about Crypto to be with others who feel the same. The magic of Meetups is it’s ability to aggregate people who share a passion. And what’s better than just hanging with others who share our passions? An inevitable outcome of Crypto Mondays will be friendships and business relationships that strengthen the Crypto community. And how great is that!

2. Giving Back To The World

As massive as we believe the business impact of Crypto will be, the far bigger impact of Crypto will be how it makes the world a better place for the billions of people who aren’t as fortunate as everyone reading this post. So by helping strengthen Crypto communities around the globe, we’re helping make the world a better place.

In addition, all monies raised from Crypto Mondays will go to Crypto related charities. This includes any revenue split we get from the locations we’re holding the events at (Bagatelle’s in NYC is giving us 10%). It will also include sponsorship and any other revenue Crypto Mondays generate.

3. Building Another Decentralized Organization

In November I wrote a post detailing Why Decentralized Companies Are So F****** Cool To Work At, which started by mentioning the fact that “… six months ago, I don’t think I had ever used the word decentralization…..Yet, I was a partner at two decentralized companies, Flight VC (a decentralized VC)…and Chameleon Collective (a decentralized consultancy). How weird is that?” Now I get to be a part of a third great decentralized organization.

The Co-Organizers across all the Crypto Mondays will decide the process by which we donate the Crypto Monday proceeds to charity. We’ll collectively decide how to evolve Crypto Mondays. The major way we’ll get better at running decentralized organizations, is by running more decentralized organizations.

So that’s what’s up with Crypto Mondays. Please join us in NYC on the 8th, and/or the 15th, and/or the 22nd, and/or … you get the pattern.

Let us know if you want to start Crypto Monday where you live. Just leave a comment below. You’ll be making your Crypto community, and the world, a better place, one Crypto Monday Meetup at a time.

To help spread the word about Crypto Monday “Clap” at least five times below.

Why We Started Crypto Mondays

On December 30th, I published My Seven Crypto New Year’s Resolutions, my first resolution was:

#1 Crypto Mondays

This is the easiest initiative to accomplish and will likely be the most fun. We (meaning our company CryptoOracle) just want to spend our Monday nights hanging with others as passionate about Crypto as we are. There are no guest speakers or panels at Crypto Mondays. It’s just a a place to go on Mondays and be with like minded people.

Crypto Mondays is starting in NYC on Monday, January 8th at 6:30pm. Click here to join our Meetup, Crypto Mondays NYC. Let us know if you want to start Crypto Mondays in your hometown. I think it’s going to be a thing.

________________________________

The response to that resolution has been awesome. We have over 250 people registered for the first Crypto Monday, and we’ve been contacted by friends and Crypto enthusiasts we didn’t yet know, who want to start Crypto Monday in Los Angeles, Toronto, San Diego, London, and Dubai, to name just a few.

The idea behind this post is simply to give the Crypto Mondays initiative even more momentum by given a little more clarity on the three major reasons we started Crypto Mondays and how we Crypto Mondays will evolve.

1. Giving Back To The Crypto Community

Almost everyone who has been in Crypto for more than a week has gotten more from Crypto than they could have ever imagined. So we all should be thinking of giving back to the community that has given us so much. Crypto Mondays is our way of helping the NYC community by providing a place for anyone who’s passionate about Crypto to be with others who feel the same. The magic of Meetups is it’s ability to aggregate people who share a passion. And what’s better than just hanging with others who share our passions? An inevitable outcome of Crypto Mondays will be friendships and business relationships that strengthen the Crypto community. And how great is that!

2. Giving Back To The World

As massive as we believe the business impact of Crypto will be, the far bigger impact of Crypto will be how it makes the world a better place for the billions of people who aren’t as fortunate as everyone reading this post. So by helping strengthen Crypto communities around the globe, we’re helping make the world a better place.

In addition, all monies raised from Crypto Mondays will go to Crypto related charities. This includes any revenue split we get from the locations we’re holding the events at (Bagatelle’s in NYC is giving us 10%). It will also include sponsorship and any other revenue Crypto Mondays generate.

3. Building Another Decentralized Organization

In November I wrote a post detailing Why Decentralized Companies Are So F****** Cool To Work At, which started by mentioning the fact that “… six months ago, I don’t think I had ever used the word decentralization…..Yet, I was a partner at two decentralized companies, Flight VC (a decentralized VC)…and Chameleon Collective (a decentralized consultancy). How weird is that?” Now I get to be a part of a third great decentralized organization.

The Co-Organizers across all the Crypto Mondays will decide the process by which we donate the Crypto Monday proceeds to charity. We’ll collectively decide how to evolve Crypto Mondays. The major way we’ll get better at running decentralized organizations, is by running more decentralized organizations.

So that’s what’s up with Crypto Mondays. Please join us in NYC on the 8th, and/or the 15th, and/or the 22nd, and/or … you get the pattern.

Let us know if you want to start Crypto Monday where you live. Just leave a comment below. You’ll be making your Crypto community, and the world, a better place, one Crypto Monday Meetup at a time.

To help spread the word about Crypto Monday “Clap” at least five times below.

How to make millions as a crypto venture capitalist with $1000 or less

The short answer: Initial Coin Offerings (ICO’s)

Now. If your first instinct is to roll your eyes and click away or you’re new to this world. I’d highly recommend reading my previous article.

It shouldn’t be any surprise to us that when there’s a new technological trend sweeping the globe, business isn’t far behind and those that fail to follow are often the ones that are left in the dust. Internet… smartphones… and now, blockchain related tech.

Once you research into these areas you’ll begin to realise how these technologies are going to decentralise and change many parts of the world.

Inadvertently, they’ve already decentralised investing in a way.. Giving more people access to investment opportunities with ridiculous returns that would usually only be available to accredited investors or the super wealthy.

There will never be a better time to invest in crypto. It’s only going to boom from here.

So what is an ICO and how is it going to make me crazy profit?

An ICO is a new method of crowdfunding that allows new blockchain companies to gather funds for the early stages of their project. Since they are so early stage and haven’t been established in the market yet, you’ll be able to purchase coins or tokens related to their project for ridiculously cheap as they’re still building trust in the market and need initial funds.

Let’s look at some examples

Ethereum — 22 July 2014
ICO
: $0.311
Current Value: $960
% Gain: 
+309039%

$1000 invested into Ethereum 3.5 years ago at ICO would be worth 3 MILLION today.

— — — — — —

Stratis — 20 June 2016
ICO:
$0.007
Current Value:
$16.957
% Gain: 
+233056%

$1000 invested into Stratis 1.5 years ago at ICO would be worth 2.4 MILLION today.

— — — — — —

OmiseGO — 15th July 2017
ICO:
$0.244
Current Value:
$19.881
% Gain: 
+8044%

$1000 invested into OmiseGO 6 months ago at ICO would be worth $81,500 today (early Jan 2018).

Now i’m not one for wishful thinking but If i’d bought into this ICO instead of my trip to Europe at the same time, I’d be sitting on over half a million dollars right now…

The point i’m trying to make is that these ICO’s are happening as we speak with over 100 being released every week. We’re in the middle of it and it will continue well beyond 2018. If you don’t want to miss out, it’s time to become a crypto VC.

What you’ll need:

  • A solid understanding of blockchain technology, decentralisation and how most exchanges and wallets work. To get this done quickly, check out this course. You can get through it in a day.
  • An ERC20 compatible digital wallet like Metamask. I use the browser version and it saves me a lot of time. You’ll need a wallet like this to store the ICO’s and tokens that you buy into until they become available on an exchange.
  • You can check out and keep track of ICO’s through a bunch of different websites but I like to use ICO Watch and ICO Bench as well as browse through channels like Facebook, Twitter, Youtube and Reddit to see what people are talking about and recommending.

How to find a good ICO

The Idea: What are they doing that’s unique or different from other cryptocurrencies? Is there a need for this now or in the future? Do you understand the concept? do they have a white paper? Speak to people who would resemble their target customers or users. Are they excited about it? Is it going to disrupt an existing business or industry? How is it going to scale?

The Team: Who are they? What have they done? What is motivating and driving their involvement? Who are the advisors/partners and how accessible/transparent is everyone involved?

The Community: How large is the community? Is there a subreddit, telegram, discord, etc? How active is the company on social media? How does the community engage with their posts? Have they received much media attention?

Financials: How much money are they trying to raise? How many tokens/coins are there in total and what % is available to the public?

Roadmap: What are their plans for the next 3–6–12 months and beyond? Do they have an MVP or prototype?

Here’s some solid ICO’s that i’ve come across:

So what’s the plan?

1. Invest into ICO after doing extensive research into it.

2. Take out initial capital or half the investment after a few months of growth and let the rest sit long term.

3. Use the profits from the successful ICO’s to invest more into new ones.

4. Rinse and repeat.

Thanks for reading! Any questions? Shoot me a message or leave them below.

How to make millions as a crypto venture capitalist with $1000 or less

The short answer: Initial Coin Offerings (ICO’s)

Now. If your first instinct is to roll your eyes and click away or you’re new to this world. I’d highly recommend reading my previous article.

It shouldn’t be any surprise to us that when there’s a new technological trend sweeping the globe, business isn’t far behind and those that fail to follow are often the ones that are left in the dust. Internet… smartphones… and now, blockchain related tech.

Once you research into these areas you’ll begin to realise how these technologies are going to decentralise and change many parts of the world.

Inadvertently, they’ve already decentralised investing in a way.. Giving more people access to investment opportunities with ridiculous returns that would usually only be available to accredited investors or the super wealthy.

There will never be a better time to invest in crypto. It’s only going to boom from here.

So what is an ICO and how is it going to make me crazy profit?

An ICO is a new method of crowdfunding that allows new blockchain companies to gather funds for the early stages of their project. Since they are so early stage and haven’t been established in the market yet, you’ll be able to purchase coins or tokens related to their project for ridiculously cheap as they’re still building trust in the market and need initial funds.

Let’s look at some examples

Ethereum — 22 July 2014
ICO
: $0.311
Current Value: $960
% Gain: 
+309039%

$1000 invested into Ethereum 3.5 years ago at ICO would be worth 3 MILLION today.

— — — — — —

Stratis — 20 June 2016
ICO:
$0.007
Current Value:
$16.957
% Gain: 
+233056%

$1000 invested into Stratis 1.5 years ago at ICO would be worth 2.4 MILLION today.

— — — — — —

OmiseGO — 15th July 2017
ICO:
$0.244
Current Value:
$19.881
% Gain: 
+8044%

$1000 invested into OmiseGO 6 months ago at ICO would be worth $81,500 today (early Jan 2018).

Now i’m not one for wishful thinking but If i’d bought into this ICO instead of my trip to Europe at the same time, I’d be sitting on over half a million dollars right now…

The point i’m trying to make is that these ICO’s are happening as we speak with over 100 being released every week. We’re in the middle of it and it will continue well beyond 2018. If you don’t want to miss out, it’s time to become a crypto VC.

What you’ll need:

  • A solid understanding of blockchain technology, decentralisation and how most exchanges and wallets work. To get this done quickly, check out this course. You can get through it in a day.
  • An ERC20 compatible digital wallet like Metamask. I use the browser version and it saves me a lot of time. You’ll need a wallet like this to store the ICO’s and tokens that you buy into until they become available on an exchange.
  • You can check out and keep track of ICO’s through a bunch of different websites but I like to use ICO Watch and ICO Bench as well as browse through channels like Facebook, Twitter, Youtube and Reddit to see what people are talking about and recommending.

How to find a good ICO

The Idea: What are they doing that’s unique or different from other cryptocurrencies? Is there a need for this now or in the future? Do you understand the concept? do they have a white paper? Speak to people who would resemble their target customers or users. Are they excited about it? Is it going to disrupt an existing business or industry? How is it going to scale?

The Team: Who are they? What have they done? What is motivating and driving their involvement? Who are the advisors/partners and how accessible/transparent is everyone involved?

The Community: How large is the community? Is there a subreddit, telegram, discord, etc? How active is the company on social media? How does the community engage with their posts? Have they received much media attention?

Financials: How much money are they trying to raise? How many tokens/coins are there in total and what % is available to the public?

Roadmap: What are their plans for the next 3–6–12 months and beyond? Do they have an MVP or prototype?

Here’s some solid ICO’s that i’ve come across:

So what’s the plan?

1. Invest into ICO after doing extensive research into it.

2. Take out initial capital or half the investment after a few months of growth and let the rest sit long term.

3. Use the profits from the successful ICO’s to invest more into new ones.

4. Rinse and repeat.

Thanks for reading! Any questions? Shoot me a message or leave them below.

Что представляет собой SwissBorg?

SwissBorg представляет собой абсолютно новую эру в управлении криптокапиталом. Это совершенно новая концепция, благодаря которой наиболее интересные и прибыльные инвестиционные решения станут доступны для вас без ограничений. SwissBorg — это совершенно новая демократическая, децентрализованная экосистема, которая позволит профессионально управлять портфелем криптоактивов.

Такая платформа подойдет абсолютно всем, ведь она является надежным швейцарским кибер-банком, который предлагает специализированные услуги в сфере инвестиций по криптовалютам. Сотрудничать с платформой может практически каждый: от физического лица до финансового эксперта и децентрализованной автономной организации.

Кибер-банк SwissBorg — это настоящее швейцарское качество, надежность и дальновидность. Пользователь всегда может быть уверен в том, что получит по-настоящему достойные инструменты и продукты для своей успешной реализации.

К основным достоинствам SwissBorg стоит отнести то, что платформа сделана Швейцарии. Вторым достоинством можно назвать смарт-контракты, которые базируются на наборе многозадачных интеллект-контрактов. Они обеспечивают оптимальную основу индивидуальных стратегий для инвестиций. Также платформа предлагает Crypto asset services, так как разработчики понимают, что все люди уникальны, и должны иметь индивидуальные решения, которые будут соответствовать всем потребностям: целевым возвратам, финансированию, другим услугам. Кроме того, пользователи могут воспользоваться льфа-инвестиционными стратегиями — многолетний опыт известных инвестиционных компаний доказывает, что установленные стандарты являются важным элементом успеха новых инвестиций.

Стоит отметить, что SwissBorg, которая предназначена для управления капиталом, имеет целый комплекс функций, которые позволяют существенно расширить права и возможности всего сообщества. В первую очередь нужно понимать, что контроль и регулирование проекта происходит одновременно в нескольких странах. И второе — представлены технологии, услуги и различные продукты, позволяющие управлять криптовалютными технологиями.

Технологии SwissBorg

Платформа SwissBorg базируется только на современных и успешных технологиях, которые включают в себя уникальные результаты инвестиционных исследований, баз данных, наработок известнейших инвесторов на криптовалютном рынке, является меритократия. Это означает, что каждый владелец CHSB токенов развивает сеть SwissBorg при помощи специальной концепции «Доказательства меритократии». А главный «приз» здесь — это право голоса на одном из наиболее перспективных проектов платформы SwissBorg.

Также стоит отметить инвестиционные стратегии альфа и искусственный интеллект, которые в последнее время активно развиваются в области блокчейн. Сообщество продолжает расти, развиваться, расширять свои рамки за счет использования результатов новых научных исследований, в том числе и в области искусственного интеллекта, а также коллективного интеллекта.

Достаточно интересным моментом данной платформы является инвестиционная стратегия. Она представляет собой саженную командную работу портфельных менеджеров, финансовых консультантов, инновационных решений, которые позволяют управлять активами и средствами.

К дополнительным технологиям стоит отнести смарт-индексы, которые обеспечивают клиентов различными механизмами взаимодействия с криптовалютой. Также необходимо отметить систему поощрений, благодаря которой каждый пользователь может стать активным участником платформы и получать свою прибыль от 10% дохода, распределяемого между участниками.

ICO SwissBorg

ICO SwissBorg доказывает, что все реально. Всего за три дня был достигнут порог в 11 миллионов CHF. Причем большая часть суммы представляла собой предпродажные соглашения с банками, швейцарской UHNWI и, конечно же, венчурными фондами. Некоторые негативные моменты в виде резкого скачка биткоина, а также перегрузки сети и осторожности некоторых бирж, повлияли на торможение процессов ICO SwissBorg, именно поэтому ICO продлится до 10 января. Данный период будет использован для того, чтобы запустить реферальные бонусы при этом такая ситуация никак не отразится на включение токена в листинг бирж, которое состоится 1 февраля.

Стоит отметить, что SwissBorg применяет совершенно новый тип открытого протокола, благодаря чему держатель токена сможет выбирать направление для развития сети.

Сайт: swissborg.com/

Белая Книга: https://swissborg.com/ru/documents.html

Твиттер: https://twitter.com/swissborg

Мой профиль: https://bitcointalk.org/index.php?action=profile;u=1215773

Kucoin Exchange güvenlir mi ? İncelemesi

Kucoin, Eylül 2017 tarihinde, ICO yoluyla yürürlüğe sokulan bir kripto para birimidir.

Halihazırda mevcut olan klasik para birimlerine kıyasla bu para birimi, daha “kullanıcı dostu” olmayı hedeflemektedir. Bu platform, ticaret ücretlerinin %90’ını kullanıcılarıyla paylaşır. Aynı zamanda 7/24 müşteri hizmeti sunar.

Ayrıca Kucoin, diğer büyük kripto para birimlerinden önce token’ları gösterebilmiş olmasıyla tanınır.

Kucoin para birimi hakkında

Özel faaliyet stratejileri: KuCoin, yürüttüğü teşvik politikalarının “aktif kullanıcıların heyecanını artıracağının ve şirketi daha canlandıracağının” teminini vermektedir. Hedefi, en büyük 10 para biriminden biri haline gelmek olup; teşvik, referans ve diğer türlü primlerin bu büyümeyi canlandıracağına inanmaktadır.

Finansmanın stabilliği: KuCoin, “gelişmiş, çok-katmanlı ve çok-yığınlı bir mimari” kullanmaktadır. Banka seviyesinde, felakete karşı korunma ile birden fazla işlemi aynı anda gerçekleştirebilecek iki site ve üç merkez sunmaktadır.

Yüksek performanslı motor: KuCoin’in ticaret motoru, saniyede bir milyon işlem talebini elden geçirebilmektedir.

Sistem emniyeti: KuCoin sistemi, standart transfer şifreleme protokolleri kullanır. Genelinde ise banka düzeyinde şifreleme ve güvenlik sunmayı öngörmektedirler.

Kucoin Türkiye güvenilir mi?

Son zamanlarda KuCoin’a karşı bir tür dolandırıcılık olduğu hakkında birtakım suçlamalar yöneltildiği kulağıma geldi. Uzaktan bakıldığında sistemin piramidal bir yapıda olduğunu insan düşünebilir.

Fakat daha yakından bakarsanız, KuCoin’in hiç kâr yapmadığını; aksine, aldıkları ücretin %90’ını transfer ettiğini görürsünüz. Bu kâr, KuCoin hisse sahiplerine ve bağlılık programı vasıtasıyla transfer edilir. Yani bu kârın sadece %10’unu alır.

KuCoin, piramidal bir sistem değildir. Çalışma şekilleri daha fazla kullanıcı ve likidite çekme amacı güden bir pazarlama aracıdır.

Kucoin Hisseleri (KuCoin Shares — KCS)

KuCoin Hisseleri (KCS), Binance’tekilere benzer, para birimine ait token’lardır. Ethereum (token ERC 20) bazlı dağıtılan, merkezsizleştirilmiş bir kripto paradır.

KCS’leri, doğrudan Exchange’lerinden satın alabilirsiniz. KCS’ler, aralarında ücretlerden gelen gelirler, düşük anlaşma ücretleri ve diğer özel hizmetler olmak üzere çeşitli primler sunar.

Kullanıcıların katılımını ve para biriminin canlılığını artırmak için, KCS sahiplerine, platform tarafından kesilen anlaşma ücretlerinin %50’ine denk gelen bir teşvik bonusu temin de etmektedir.

KCS kuruna göz atın

KuCoin İnceleme Sonucu

Bence KuCoin, bir hayli potansiyeli olan bir para birimidir. Hızlı cevap veren ve topluluğu hep dinleyen ekibi bu şekilde diğer para birimlerinin yapmadığı şeyi yapmaktadır. Gelecekte, dünyanın en iyi 10 para biriminden biri olmayı hedeflemekle birlikte muhtemelen bu hedeflerine ulaşacaklardır.

Eğer bu makale işinize yaradıysa ama hala bir KuCoin hesabınız yoksa, kaydolurken bizim de ortak olduğumuz bu linki kullanabilirseniz müthiş olur: kucoin.com

Kucoin Exchange güvenlir mi ? İncelemesi

Kucoin, Eylül 2017 tarihinde, ICO yoluyla yürürlüğe sokulan bir kripto para birimidir.

Halihazırda mevcut olan klasik para birimlerine kıyasla bu para birimi, daha “kullanıcı dostu” olmayı hedeflemektedir. Bu platform, ticaret ücretlerinin %90’ını kullanıcılarıyla paylaşır. Aynı zamanda 7/24 müşteri hizmeti sunar.

Ayrıca Kucoin, diğer büyük kripto para birimlerinden önce token’ları gösterebilmiş olmasıyla tanınır.

Kucoin para birimi hakkında

Özel faaliyet stratejileri: KuCoin, yürüttüğü teşvik politikalarının “aktif kullanıcıların heyecanını artıracağının ve şirketi daha canlandıracağının” teminini vermektedir. Hedefi, en büyük 10 para biriminden biri haline gelmek olup; teşvik, referans ve diğer türlü primlerin bu büyümeyi canlandıracağına inanmaktadır.

Finansmanın stabilliği: KuCoin, “gelişmiş, çok-katmanlı ve çok-yığınlı bir mimari” kullanmaktadır. Banka seviyesinde, felakete karşı korunma ile birden fazla işlemi aynı anda gerçekleştirebilecek iki site ve üç merkez sunmaktadır.

Yüksek performanslı motor: KuCoin’in ticaret motoru, saniyede bir milyon işlem talebini elden geçirebilmektedir.

Sistem emniyeti: KuCoin sistemi, standart transfer şifreleme protokolleri kullanır. Genelinde ise banka düzeyinde şifreleme ve güvenlik sunmayı öngörmektedirler.

Kucoin Türkiye güvenilir mi?

Son zamanlarda KuCoin’a karşı bir tür dolandırıcılık olduğu hakkında birtakım suçlamalar yöneltildiği kulağıma geldi. Uzaktan bakıldığında sistemin piramidal bir yapıda olduğunu insan düşünebilir.

Fakat daha yakından bakarsanız, KuCoin’in hiç kâr yapmadığını; aksine, aldıkları ücretin %90’ını transfer ettiğini görürsünüz. Bu kâr, KuCoin hisse sahiplerine ve bağlılık programı vasıtasıyla transfer edilir. Yani bu kârın sadece %10’unu alır.

KuCoin, piramidal bir sistem değildir. Çalışma şekilleri daha fazla kullanıcı ve likidite çekme amacı güden bir pazarlama aracıdır.

Kucoin Hisseleri (KuCoin Shares — KCS)

KuCoin Hisseleri (KCS), Binance’tekilere benzer, para birimine ait token’lardır. Ethereum (token ERC 20) bazlı dağıtılan, merkezsizleştirilmiş bir kripto paradır.

KCS’leri, doğrudan Exchange’lerinden satın alabilirsiniz. KCS’ler, aralarında ücretlerden gelen gelirler, düşük anlaşma ücretleri ve diğer özel hizmetler olmak üzere çeşitli primler sunar.

Kullanıcıların katılımını ve para biriminin canlılığını artırmak için, KCS sahiplerine, platform tarafından kesilen anlaşma ücretlerinin %50’ine denk gelen bir teşvik bonusu temin de etmektedir.

KCS kuruna göz atın

KuCoin İnceleme Sonucu

Bence KuCoin, bir hayli potansiyeli olan bir para birimidir. Hızlı cevap veren ve topluluğu hep dinleyen ekibi bu şekilde diğer para birimlerinin yapmadığı şeyi yapmaktadır. Gelecekte, dünyanın en iyi 10 para biriminden biri olmayı hedeflemekle birlikte muhtemelen bu hedeflerine ulaşacaklardır.

Eğer bu makale işinize yaradıysa ama hala bir KuCoin hesabınız yoksa, kaydolurken bizim de ortak olduğumuz bu linki kullanabilirseniz müthiş olur: kucoin.com

Intro

ELAD (Equity Ledger Assets Decentralized) is a decentralized block chain that will transform investment strategies and the real estate market as we know it. Using block chain technology, smart contracts and innovation, the equity ladder of ELAD will create a crypto and real estate portfolio to combine the liquidity of the worlds biggest asset class with the velocity of the newest.
A variety of real estate transactions will be traded through the ELAD online platform, from traditional buying and selling to crowdfunding multimillion dollar investments. ELAD will bring together P2P exchange and investment in one place, opening doors, cutting costs and lowering barriers for all

Intro

ELAD (Equity Ledger Assets Decentralized) is a decentralized block chain that will transform investment strategies and the real estate market as we know it. Using block chain technology, smart contracts and innovation, the equity ladder of ELAD will create a crypto and real estate portfolio to combine the liquidity of the worlds biggest asset class with the velocity of the newest.
A variety of real estate transactions will be traded through the ELAD online platform, from traditional buying and selling to crowdfunding multimillion dollar investments. ELAD will bring together P2P exchange and investment in one place, opening doors, cutting costs and lowering barriers for all

Simplifying Omega One

Simplifying the Omega One Whitepaper

Here we’ll quickly breakdown what Omega One is and the system’s consensus protocol, potential vulnerabilities, and projected future state — all straight from the white paper in a way we call can understand!

Note: You can access my annotated version of the white paper here. These notes have been compiled from the most crucial descriptive aspects of Omega One’s technical stack/environment.

What is Omega One?

Omega One is a decentralized exchange platform that strives to solve the problems of crypto market illiquidity, fragmentation, trade cost inefficiency, and security. Omega One solves these problems by providing traders, investors and institutions with a decentralized automated trade execution system that intelligently implements their trades across the world’s crypto exchanges, shielding them from counter-party risk and reducing their costs of trading.

Problems of Crypto Trading Markets

  • A lack of liquidity, causing realized costs of trading to be often many times higher than published commissions and fees. Liquidity is the ability of a market to absorb transactions without a change in price. The total value of even the BTC and ETH asset classes are still much lower than traditional markets and are considerably fragmented.
    across many exchanges. Here’s an example:

For instance, buying $1m worth of EUR vs USD tends to move the price by ~0.01%, while buying $1m of ETH vs BTC will move the price by 1%-10% depending on conditions, or 100-1000 times the most liquid traditional markets. This can cost traders up to 25 times as much as the published exchange fees, but since the extra costs are hidden in the price of the purchased asset they are often not fully accounted for. (Omega One White Paper)

  • A lack of security, in which the most liquid transparent venues come with risk of loss due to hacking. All production exchanges are centralized, and open to hacking.
  • A lack of transparency into the actual costs of trading. Until there are trading services that provide transaction cost benchmarking and analytics to these institutions, they will be obstructed from trading in this asset class, hindering the maturation of crypto markets.

Omega One Architecture/Features

The Omega One Architecture is compartmentalized into the following 6 components

  1. User Interface/API of the platform
  2. Omega One Wallet — Holds members funds in a decentralized, trustless and non-custodial portfolio and locks member funds within the wallet when making trades on the platform
  3. Omega Private Exchange — Internally matches parent orders. Such matching is a part of an automated trade execution service that matches our member’s orders, offloads unmatched liquidity onto public exchanges via a trading engine, and settles directly onto multiple blockchains.
  4. Trading Engine — Assesses overall liquidity across exchanges given the net order its received from the private exchange. Based on zed assessment, it will break chunks of the “Net Order” into “Child Orders” that represent a timeslice of executable liquidity demand for each pair at a given moment. That “Child Order” is then further broken down into “Street Orders” that are the actual orders executed on each exchange (these can be placed as limit orders, market orders, or other order types depending on how the trading logic can best optimize market liquidity).
  5. Balance Sheet Manager — Omega One requires a significant balance sheet in order to harvest liquidity from the marketplace and trustlessly serve it up to our members in the Omega Private Exchange. At a minimum, Omega One needs to keep at least enough funds on all exchanges, across all assets, in order to perform the trades required to satisfy all open Net Orders.

Additionally, here are some standout aspects of the platform:

  • High level of interoperability between blockchains (and their respective overlying tokens)
  • Protocol is mediated by the Omega Token (OMT), a cryptographic token that provides membership access and can be used to pay trading fees.
  • Higher OMT balances correlate to preferential liquidity treatment and discounted trading fees.
  • Omega One will provide enhanced security by intermediating between blockchain wallets and on- or off-chain exchanges with our own balance sheet, shielding our members from risk.
  • Omega One will provide enhanced transparency by providing benchmarking and analytics of transaction costs to our members, to allow them to audit the market impact of their trading.
  • Liquidity transaction flow of Omega One (pg. 9):

The Omega One Token Economy

  • OMT is an Ethereum (ERC20) tradable asset.
  • Tokens will be sold to members initially in a token auction, and then after launch on an ongoing basis.

Economic Model

  • NEO has two native tokens, NEO (abbreviated symbol NEO) and NeoGas (abbreviated symbol GAS).
  • Total Token Volume: 100 million tokens (represents the right to manage the network). Management rights include voting for bookkeeping, NEO network parameter changes, and so on. The minimum unit of NEO is 1 and tokens cannot be subdivided.
  • GAS is the fuel token for the realization of NEO network resource control, with a maximum total limit of 100 million. The minimum unit of GAS is 0.00000001.
  • Token distribution follows decay algorithm in about 22 years time to address holding NEO.

Omega One Token/Gas Distribution Mechanism

  • NEO’s 100 million tokens is divided into two portions. (1st 50M to token sale supporters of NEO, 2nd 50M goes to NEO Council to support NEO’s long-term development, operation and maintenance and ecosystem w/ 1 year vesting period)

GAS Distribution

  • GAS is generated with each new block. The initial total amount of GAS is zero. With the increasing rate of new block generation, the total limit of 100 million GAS will be achieved in about 22 years. The interval between each block is about 15–20 seconds, and 2 million blocks are generated in about one year.

Omega One Consensus Protocol

  • Velocity Engine — The Velocity Engine takes the NetOrder (6) in each Pair.Direction and manages how fast it is traded (size/time).
  • Execution Engine — While the Velocity Engine is responsible for deciding how much size s of a given NetOrder should be traded in a given time t, the Execution Engine is responsible for trading that slice of the NetOrder most efficiently within that time.

Potential Vulnerabilities

  • Velocity Engine is developed poorly and project’s trades cannot scale
  • Execution Engine is developed poorly and project’s trades cannot scale
  • The functionality of the exchange is dependent on the centralized exchanges it is placing orders on. So if credible exchanges get hacked that Omega One uses — it has less liquidity to pull from
  • Omega One’s broker accounts on centralized exchanges (so that it can settle trades more quickly without transferring your money all the way to the many exchanges your trade is settling on) will be subject to attacks and have limited security (limited to the exchange team’s security practices)
    This is a huge technical obstacle to overcome when it comes to Omega’s risk management and protocol centralization — fronting costs on centralized exchanges to ensure the security of trader funds is risky at this stage (see pg.12 in white paper)
  • Most of funding going into counterbalance funds for trading (pg. 33)

Simplifying Omega One

Simplifying the Omega One Whitepaper

Here we’ll quickly breakdown what Omega One is and the system’s consensus protocol, potential vulnerabilities, and projected future state — all straight from the white paper in a way we call can understand!

Note: You can access my annotated version of the white paper here. These notes have been compiled from the most crucial descriptive aspects of Omega One’s technical stack/environment.

What is Omega One?

Omega One is a decentralized exchange platform that strives to solve the problems of crypto market illiquidity, fragmentation, trade cost inefficiency, and security. Omega One solves these problems by providing traders, investors and institutions with a decentralized automated trade execution system that intelligently implements their trades across the world’s crypto exchanges, shielding them from counter-party risk and reducing their costs of trading.

Problems of Crypto Trading Markets

  • A lack of liquidity, causing realized costs of trading to be often many times higher than published commissions and fees. Liquidity is the ability of a market to absorb transactions without a change in price. The total value of even the BTC and ETH asset classes are still much lower than traditional markets and are considerably fragmented.
    across many exchanges. Here’s an example:

For instance, buying $1m worth of EUR vs USD tends to move the price by ~0.01%, while buying $1m of ETH vs BTC will move the price by 1%-10% depending on conditions, or 100-1000 times the most liquid traditional markets. This can cost traders up to 25 times as much as the published exchange fees, but since the extra costs are hidden in the price of the purchased asset they are often not fully accounted for. (Omega One White Paper)

  • A lack of security, in which the most liquid transparent venues come with risk of loss due to hacking. All production exchanges are centralized, and open to hacking.
  • A lack of transparency into the actual costs of trading. Until there are trading services that provide transaction cost benchmarking and analytics to these institutions, they will be obstructed from trading in this asset class, hindering the maturation of crypto markets.

Omega One Architecture/Features

The Omega One Architecture is compartmentalized into the following 6 components

  1. User Interface/API of the platform
  2. Omega One Wallet — Holds members funds in a decentralized, trustless and non-custodial portfolio and locks member funds within the wallet when making trades on the platform
  3. Omega Private Exchange — Internally matches parent orders. Such matching is a part of an automated trade execution service that matches our member’s orders, offloads unmatched liquidity onto public exchanges via a trading engine, and settles directly onto multiple blockchains.
  4. Trading Engine — Assesses overall liquidity across exchanges given the net order its received from the private exchange. Based on zed assessment, it will break chunks of the “Net Order” into “Child Orders” that represent a timeslice of executable liquidity demand for each pair at a given moment. That “Child Order” is then further broken down into “Street Orders” that are the actual orders executed on each exchange (these can be placed as limit orders, market orders, or other order types depending on how the trading logic can best optimize market liquidity).
  5. Balance Sheet Manager — Omega One requires a significant balance sheet in order to harvest liquidity from the marketplace and trustlessly serve it up to our members in the Omega Private Exchange. At a minimum, Omega One needs to keep at least enough funds on all exchanges, across all assets, in order to perform the trades required to satisfy all open Net Orders.

Additionally, here are some standout aspects of the platform:

  • High level of interoperability between blockchains (and their respective overlying tokens)
  • Protocol is mediated by the Omega Token (OMT), a cryptographic token that provides membership access and can be used to pay trading fees.
  • Higher OMT balances correlate to preferential liquidity treatment and discounted trading fees.
  • Omega One will provide enhanced security by intermediating between blockchain wallets and on- or off-chain exchanges with our own balance sheet, shielding our members from risk.
  • Omega One will provide enhanced transparency by providing benchmarking and analytics of transaction costs to our members, to allow them to audit the market impact of their trading.
  • Liquidity transaction flow of Omega One (pg. 9):

The Omega One Token Economy

  • OMT is an Ethereum (ERC20) tradable asset.
  • Tokens will be sold to members initially in a token auction, and then after launch on an ongoing basis.

Economic Model

  • NEO has two native tokens, NEO (abbreviated symbol NEO) and NeoGas (abbreviated symbol GAS).
  • Total Token Volume: 100 million tokens (represents the right to manage the network). Management rights include voting for bookkeeping, NEO network parameter changes, and so on. The minimum unit of NEO is 1 and tokens cannot be subdivided.
  • GAS is the fuel token for the realization of NEO network resource control, with a maximum total limit of 100 million. The minimum unit of GAS is 0.00000001.
  • Token distribution follows decay algorithm in about 22 years time to address holding NEO.

Omega One Token/Gas Distribution Mechanism

  • NEO’s 100 million tokens is divided into two portions. (1st 50M to token sale supporters of NEO, 2nd 50M goes to NEO Council to support NEO’s long-term development, operation and maintenance and ecosystem w/ 1 year vesting period)

GAS Distribution

  • GAS is generated with each new block. The initial total amount of GAS is zero. With the increasing rate of new block generation, the total limit of 100 million GAS will be achieved in about 22 years. The interval between each block is about 15–20 seconds, and 2 million blocks are generated in about one year.

Omega One Consensus Protocol

  • Velocity Engine — The Velocity Engine takes the NetOrder (6) in each Pair.Direction and manages how fast it is traded (size/time).
  • Execution Engine — While the Velocity Engine is responsible for deciding how much size s of a given NetOrder should be traded in a given time t, the Execution Engine is responsible for trading that slice of the NetOrder most efficiently within that time.

Potential Vulnerabilities

  • Velocity Engine is developed poorly and project’s trades cannot scale
  • Execution Engine is developed poorly and project’s trades cannot scale
  • The functionality of the exchange is dependent on the centralized exchanges it is placing orders on. So if credible exchanges get hacked that Omega One uses — it has less liquidity to pull from
  • Omega One’s broker accounts on centralized exchanges (so that it can settle trades more quickly without transferring your money all the way to the many exchanges your trade is settling on) will be subject to attacks and have limited security (limited to the exchange team’s security practices)
    This is a huge technical obstacle to overcome when it comes to Omega’s risk management and protocol centralization — fronting costs on centralized exchanges to ensure the security of trader funds is risky at this stage (see pg.12 in white paper)
  • Most of funding going into counterbalance funds for trading (pg. 33)

ICO Analysis Report: Lordmancer II

Anti-scam and anti-fraud project by InnMind and partners: comprehensive analysis of ongoing ICOs, project assessment and due-diligence for investors

Every hour our telegram and facebook groups are bombarded with new announcements of upcoming ICOs. Every project claims to be the final solution to all problems with unlimited benefits for investors.

The hype that accompanies ICO phenomenon makes it difficult to take a balanced decision. ICO market has become quite a mess, and InnMind, as a global ecosystem connecting innovative minds, and international platform that supports investors with expertise and due diligence, feels obliged to help identify projects worth investing and separate them from potential scam and fraud.

We are here to make this market transparent, structured and available for everyone eager to invest or simply learn more about ICO as a financial phenomenon.
We are happy to launch our series of ICO analysis, designed and prepared together with partners from ITsynergies and TokenBooster, market experts from Switzerland, EU, Russia and other countries.

In our ICO analysis reports we will provide a comprehensive review of projects that attracted our attention. And today we are going to talk about Lordmancer II

No games! Just truth! A comprehensive analysis of online game ICO…

Lordmancer II is developed by Active Games, LLC, co-founded by Russian business entrepreneurs Anton Telitsyn and Ilya Mikov. Lordmancer II is a multiplayer free-to-play online role-playing game, with features reminiscent of many popular online mobile and desktop games. The economy, in which players can buy and sell in-game items to and from one another, will use Lord Coin as its currency. This digital currency will be available for purchase directly within the game or through outside cryptocurrency exchanges. The game is currently in open beta and is available on Google Play for Android devices. It will be available on both Android and iOS devices once the game goes live.

ICO details

Pre ICO started on August 21, 2017. The project raised 334ETH within 5 days and 2’000’000 LCs were distributed.

The main ICO round begins on November 07, 2017 and ends on December 20, 2017. A maximum of13,000,000 LC will be sold
The price for one LC will be set from $0,1 to $0,125 depending on the date and amount of purchase.
Hard Cap: The goal is $1,5M to be spent on expanding the content of the game and hiring global talent

Team

The project has a very strong professional team with many members possessing more than 10 years of experience in game design and software development. All in all there are 12 developers in-house plus a few outsourced 3D artists and modelers.

The key people in the project are:

Anton Telitsyn, founder, CEO
Degree in Science and MBA in Management. 8 years of experience in software development for startups. A trusted and respected leader, Anton has a strong technical and management background paired with profound knowledge of the technologies behind consumer software development. Anton is a serial tech team leader in a number of startups together with Ilya

Ilya Mikov, co-founder
18 years of business experience. Founded a telecommunication company in 2003, got funding from private investors and successfully sold the company in 2008. Since then he has started several cash-positive projects in telecommunication, internet and mobile marketing.

Mentoring

The Lordmancer team has also extremely qualified mentors which is a strong advantage on the market where a lot depends on advanced knowledge of launch and marketing strategies.

William Davis III
LDJ Capital, Managing Director of Technology
A tenacious leader with extensive experience and excellent board and senior executive level references in Blockchain, Crypto Currencies, Mobile Payments, Data Visualization, Data Warehouse & Business Intelligence Applications. A proven leader in organizations that are digitizing or leveraging new technology to monetize the business. Experienced in Fast growing startups and Fortune 500 culture, practices, policies and procedures. Background includes a strong track record in advising Institutional Investors, VCs, Angel Networks, Technology leaders with strategies and tactics in the new economy.

LK Shelley
Managing Partner, Affiniti Ventures | AV(M)
LK Shelley has over 17 years’ international experience in the US, EU and Asia/JP. She participated in and transacted investments from US$5-$900M and exited a couple of ventures of her own.
LK Shelley is the Managing Partner at Affiniti Ventures|AV(M), collectively it invests in early stage mobile first startup including technology, platforms, digital media and entertainment, content as well as mobile gaming. She holds MBA and MS degrees from MIT.

Dmitri Sutormin
Angel investor, mobile games enthusiast.
Dmitry is a prominent russian angel investor in IT and telecom spheres. He has vast experience, had done quite a few successful multi-million exits. Formerly, Dmitry was a marketing consultant and the CEO of a training company specializing in marketing. A mobile games enthusiast, Dmitry has plenty of brilliant insights to share with the team.

Market

The project aims to unite all the advantages of mobile game application with desktop ones to the best possible gaming experience for users. Mobile games generated more revenue than online games already in 2015, as well as more revenue than console software. Where mobile games took $3 of every $10 spent by gamers on software in 2015, that figure will go up to $4 out of every $10 by 2018.

Asia has dominated mobile games revenue since 2013, compared to both North America and Europe, and is forecasted to take over 50% of all mobile games revenue in 2018.

The capitalization of the market is already high with $106,5 billion in 2017 and is going to grow even more with predicted $112,5 billion in 2018. The share of the mobile games constitutes $42,5 billion in 2017 with predicted $47,4 billion in 2018.
So even with a lot of competitors on the scene, Lordmancer II will have plenty of room for potential.

Monetization model

The demand for withdrawing special game currency and exchanging it for fiat money has been long present but not really welcomed and explored so far because it meant revenue loss for game developers due to a lot of fraud and black market deals that usually accompanied such attempts. Lordmancer II introduces Lord Coin tokens (LC) as means of payment for trading purposes among players and selling of special game items. LC tokens can be only introduced into the game when bought on the marketplace and can be withdrawn from the game and sold for cryptocurrency. Developers provide comfortable purchase and sale method of LC tokens for fiat money for those players who are not used to cryptocurrency exchanges. All in-game transactions of LC tokens are stored on blockchain (Ethereum).

Positives ✅

✅ Investment Bonuses

The opportunity presented by Lordmancer 2’s ICO is to invest heavily in a new cryptocurrency that has a built-in economic base in the form of the online game. Investors can either hold on to their Lord Coin in order to grow their investment before eventually selling it to Lordmancer II players on cryptocurrency exchanges, or they can use it themselves within the game as they see fit. The total number of tokens is limited at 20,000,000.
When buying special game items, 90% of the amount paid is burned, and the 10% are transferred onto special game account — Game Funds. Player-to-player-trade is possible inside the Lordmancer Wallet. For each transaction there is a transaction fee of 20%. 50% of the fee is burned, another 50% is accumulated at Game Funds.

Burning of tokens with every transaction leads to constant demand for LC on the marketplace and an increase in value. 13,000,000 tokens are issued within ICO and no more tokens will be issued after ICO. All these factors make LC tokens very attractive for early investors.

✅ Legal Marketplace

While such giants as the World of Warcraft failed to use the opportunities to mine special game currency legally which in the end led to black mining market in China, Lordmancer II prevents possibilities of fraud and black mining by opening its legal marketplace where tokens can be bought and sold freely between players. That means very little risk of revenue loss for developers and subsequently investors.

✅ Exchange listing

Lordmancer II is going to list its crypto currency on Lykke exchange within two months after ICO end date. Moreover, the project has already agreed with Lykke to set up a special wallet for all Lordmancer II players which will facilitate all transaction from and into the game.

✅ Marketing and Distribution

Active Games already have an agreement with a big publisher for the MENA region and is currently looking for potential publisher to launch on the Asian market to the best possible advantage.

The project has a very clear understanding of their goals and a very realistic road map to implement once ICO is successful.

✅ Strong Mentoring

The team is supported by strong mentoring team who have both experience in launching game projects and ICO, which is extremely relevant in this case.

Follow the link to learn the negatives of this project:

ICO Analysis Report: Lordmancer II

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Read other articles about ICO:

Tokenize the Enterprise

Putting Forward an Investor’s Point of View on ICOs and Crowdfunding

ICO marketing guide

ICO Analysis Report: Lordmancer II

Anti-scam and anti-fraud project by InnMind and partners: comprehensive analysis of ongoing ICOs, project assessment and due-diligence for investors

Every hour our telegram and facebook groups are bombarded with new announcements of upcoming ICOs. Every project claims to be the final solution to all problems with unlimited benefits for investors.

The hype that accompanies ICO phenomenon makes it difficult to take a balanced decision. ICO market has become quite a mess, and InnMind, as a global ecosystem connecting innovative minds, and international platform that supports investors with expertise and due diligence, feels obliged to help identify projects worth investing and separate them from potential scam and fraud.

We are here to make this market transparent, structured and available for everyone eager to invest or simply learn more about ICO as a financial phenomenon.
We are happy to launch our series of ICO analysis, designed and prepared together with partners from ITsynergies and TokenBooster, market experts from Switzerland, EU, Russia and other countries.

In our ICO analysis reports we will provide a comprehensive review of projects that attracted our attention. And today we are going to talk about Lordmancer II

No games! Just truth! A comprehensive analysis of online game ICO…

Lordmancer II is developed by Active Games, LLC, co-founded by Russian business entrepreneurs Anton Telitsyn and Ilya Mikov. Lordmancer II is a multiplayer free-to-play online role-playing game, with features reminiscent of many popular online mobile and desktop games. The economy, in which players can buy and sell in-game items to and from one another, will use Lord Coin as its currency. This digital currency will be available for purchase directly within the game or through outside cryptocurrency exchanges. The game is currently in open beta and is available on Google Play for Android devices. It will be available on both Android and iOS devices once the game goes live.

ICO details

Pre ICO started on August 21, 2017. The project raised 334ETH within 5 days and 2’000’000 LCs were distributed.

The main ICO round begins on November 07, 2017 and ends on December 20, 2017. A maximum of13,000,000 LC will be sold
The price for one LC will be set from $0,1 to $0,125 depending on the date and amount of purchase.
Hard Cap: The goal is $1,5M to be spent on expanding the content of the game and hiring global talent

Team

The project has a very strong professional team with many members possessing more than 10 years of experience in game design and software development. All in all there are 12 developers in-house plus a few outsourced 3D artists and modelers.

The key people in the project are:

Anton Telitsyn, founder, CEO
Degree in Science and MBA in Management. 8 years of experience in software development for startups. A trusted and respected leader, Anton has a strong technical and management background paired with profound knowledge of the technologies behind consumer software development. Anton is a serial tech team leader in a number of startups together with Ilya

Ilya Mikov, co-founder
18 years of business experience. Founded a telecommunication company in 2003, got funding from private investors and successfully sold the company in 2008. Since then he has started several cash-positive projects in telecommunication, internet and mobile marketing.

Mentoring

The Lordmancer team has also extremely qualified mentors which is a strong advantage on the market where a lot depends on advanced knowledge of launch and marketing strategies.

William Davis III
LDJ Capital, Managing Director of Technology
A tenacious leader with extensive experience and excellent board and senior executive level references in Blockchain, Crypto Currencies, Mobile Payments, Data Visualization, Data Warehouse & Business Intelligence Applications. A proven leader in organizations that are digitizing or leveraging new technology to monetize the business. Experienced in Fast growing startups and Fortune 500 culture, practices, policies and procedures. Background includes a strong track record in advising Institutional Investors, VCs, Angel Networks, Technology leaders with strategies and tactics in the new economy.

LK Shelley
Managing Partner, Affiniti Ventures | AV(M)
LK Shelley has over 17 years’ international experience in the US, EU and Asia/JP. She participated in and transacted investments from US$5-$900M and exited a couple of ventures of her own.
LK Shelley is the Managing Partner at Affiniti Ventures|AV(M), collectively it invests in early stage mobile first startup including technology, platforms, digital media and entertainment, content as well as mobile gaming. She holds MBA and MS degrees from MIT.

Dmitri Sutormin
Angel investor, mobile games enthusiast.
Dmitry is a prominent russian angel investor in IT and telecom spheres. He has vast experience, had done quite a few successful multi-million exits. Formerly, Dmitry was a marketing consultant and the CEO of a training company specializing in marketing. A mobile games enthusiast, Dmitry has plenty of brilliant insights to share with the team.

Market

The project aims to unite all the advantages of mobile game application with desktop ones to the best possible gaming experience for users. Mobile games generated more revenue than online games already in 2015, as well as more revenue than console software. Where mobile games took $3 of every $10 spent by gamers on software in 2015, that figure will go up to $4 out of every $10 by 2018.

Asia has dominated mobile games revenue since 2013, compared to both North America and Europe, and is forecasted to take over 50% of all mobile games revenue in 2018.

The capitalization of the market is already high with $106,5 billion in 2017 and is going to grow even more with predicted $112,5 billion in 2018. The share of the mobile games constitutes $42,5 billion in 2017 with predicted $47,4 billion in 2018.
So even with a lot of competitors on the scene, Lordmancer II will have plenty of room for potential.

Monetization model

The demand for withdrawing special game currency and exchanging it for fiat money has been long present but not really welcomed and explored so far because it meant revenue loss for game developers due to a lot of fraud and black market deals that usually accompanied such attempts. Lordmancer II introduces Lord Coin tokens (LC) as means of payment for trading purposes among players and selling of special game items. LC tokens can be only introduced into the game when bought on the marketplace and can be withdrawn from the game and sold for cryptocurrency. Developers provide comfortable purchase and sale method of LC tokens for fiat money for those players who are not used to cryptocurrency exchanges. All in-game transactions of LC tokens are stored on blockchain (Ethereum).

Positives ✅

✅ Investment Bonuses

The opportunity presented by Lordmancer 2’s ICO is to invest heavily in a new cryptocurrency that has a built-in economic base in the form of the online game. Investors can either hold on to their Lord Coin in order to grow their investment before eventually selling it to Lordmancer II players on cryptocurrency exchanges, or they can use it themselves within the game as they see fit. The total number of tokens is limited at 20,000,000.
When buying special game items, 90% of the amount paid is burned, and the 10% are transferred onto special game account — Game Funds. Player-to-player-trade is possible inside the Lordmancer Wallet. For each transaction there is a transaction fee of 20%. 50% of the fee is burned, another 50% is accumulated at Game Funds.

Burning of tokens with every transaction leads to constant demand for LC on the marketplace and an increase in value. 13,000,000 tokens are issued within ICO and no more tokens will be issued after ICO. All these factors make LC tokens very attractive for early investors.

✅ Legal Marketplace

While such giants as the World of Warcraft failed to use the opportunities to mine special game currency legally which in the end led to black mining market in China, Lordmancer II prevents possibilities of fraud and black mining by opening its legal marketplace where tokens can be bought and sold freely between players. That means very little risk of revenue loss for developers and subsequently investors.

✅ Exchange listing

Lordmancer II is going to list its crypto currency on Lykke exchange within two months after ICO end date. Moreover, the project has already agreed with Lykke to set up a special wallet for all Lordmancer II players which will facilitate all transaction from and into the game.

✅ Marketing and Distribution

Active Games already have an agreement with a big publisher for the MENA region and is currently looking for potential publisher to launch on the Asian market to the best possible advantage.

The project has a very clear understanding of their goals and a very realistic road map to implement once ICO is successful.

✅ Strong Mentoring

The team is supported by strong mentoring team who have both experience in launching game projects and ICO, which is extremely relevant in this case.

Follow the link to learn the negatives of this project:

ICO Analysis Report: Lordmancer II

*******************************************************************

Read other articles about ICO:

Tokenize the Enterprise

Putting Forward an Investor’s Point of View on ICOs and Crowdfunding

ICO marketing guide

THE ELIXIR IS A DECENTRALIZED ASSET

The ELIXIR is the Platform Providing amusement engineers ,decentralized and straightforward Game isn’t only for excitement, yet it is a human need now, in light of the fact that many advantages are acquired when we play the diversion. The present amusement advancement is extremely quick. Maybe we are not comfortable with computer games yet, which is played just in reality like a diversion traditional. Solution’s birystem stage for amusements are considered in mid 2016 to Provide diversion engineers and gamers that are protected, helpful, and stage and a decentralized economy. Concentrating on creative thoughts, the stage will work to enable diversion designers to transform their gaming idea into reality As a reliable gamer, some studios are beginning to lose their imposing business model on this industry. Autonomous engineers with incredible diversion ideas and leap forward thoughts are by and large held just for absence of assets and Support. Mixture’s essential objective is to democratize the gaming business by aiding autonomously designers free themselves from these snags, accordingly guaranteeing that the gaming business can accomplish the decent variety and amusement esteem expected of the computerized future. The advancement of diversions can be extraordinarily enhanced by utilizing more straightforward techniques and by advancing more noteworthy group engagement. https://lixcoin.org/. The Elixir subsidize bolster stage will work to guarantee the best of visionaries, from young people beside skilled groups Insanely free, all got a similar opportunity to do their idea amusement to the world and get much supported, in this way understanding his fantasy of distributing their own particular titles. Solution will principally be a stage supporting the horde of gaming ventures that will enable the amusement thought to work out as expected reasonably and productively. Solution won’t just do it give speedier and more helpful smaller scale bargains amusement money however will likewise give full framework and diversion economy for use by distributers, studios and free engineers. At long last, totally The conferred group of Lixcoin does not require another billion dollar spending plan creating and dispersing amusements is only a thought. Not just that Elixir will trigger amusement economy by giving a stage to make and oversee diversion resources for be enlisted on decentralized blockchain. Once enlisted in blockchain, taking an interest amusement clients can exchange resources either in-diversion or through wallet trade. The worldwide gaming business sector will achieve USD 108.9 billion universally by 2017, with an expanding offer of autonomous engineers and specialists. Cases of in-amusement resources that will be exchanged the genuine economy will be gold mint pieces, arrive and property, weapons, collectibles, and different things. Players will have the capacity to swap weapons in diversions, currencies, merchandise, accumulations, calfskin traditions, and adjustments and different things in a decentralized market and through trade wallets. The diversion thing itself will be a benefit on blockchain. They fill in as a standard resource in blockchain, with particular esteems in-diversion portrayals as amusement resources or monetary forms that will be effectively exchanged on the load of the wallet without the requirement for outsider trade. Lix tries to enable players to trade amusement things outside the diversion condition and reality. This will make an extra income stream for each kind of substance makers who partake in the gaming business. From an innovation point of view, Lix is based on LPOS waves. Settled supply: In-diversion things or uncommon collectibles. Inexhaustible inventories: Items that can be expended, for example, sustenance and assets. Cost to issue resources: At dispatch, 2 Lix coins. Stock Inventory: Fixed and not settled. Resource information: Hash stockpiling, reminder ID, and content information. Working calculation Leased Proof-Of-Stake (LPOS), Elixir system will be secured by a disseminated hub arrange, and the client’s wallet. Because of the novel idea of the system, it will enable amusement designers to do token or resources that likewise work in light of Proof-of-Stake (POS), to take into account swelling arrangements that might be required in bigger diversion environments, for example, those on the Eve Online scale or Second Life. Coin name: Elixir/Lix coin Ticker: LIX Algo: LPOS Supply: 100,000,000 Full Nodes: 10,000 RoadMap Allocation of Token ESCROW Funds made amid ICO will be held in the magazine’s multi-signature wallet which might be discharged from accounts with 2 of 3 marks.

Fellow benefactor — CEO — Yogesh Panjabi

Yogesh is a worldwide serial IT business person, having run organizations everywhere throughout the world with a
lone ranger’s in equipment building and an ace’s in frameworks administration. He has been a digital currency examiner and financial specialist since 2014, and is responsible for the fundamental operations for the

LIX Platform project.

Prime supporter Chief of Marketing — Gaitchs Gangmei

Author of the LIX Platform project, Gaitchs holds a graduate degree in human science, is a sound build by calling and a specialist amusement developer in C#. He holds immense experience working with the Unity diversion motor and has likewise been working all day in piece chain innovation since 2015.

Fellow benefactor CTO — Alessandro Sanino

Alessandro hails from Italy and is an ace in Golang Cloud Services and cloud security. Alessandro is responsible for all parts of Technology and Security for the LIX Coin venture. He is additionally a glad open source adherent, with a considerable measure of github commitments.

Fellow benefactor — Chief of Community — Adarsh Singh

Adarsh is the entrepeneur and visionary behind the ADAM Project. As a graduate in mechanical designing from the Rajasthan Technical University. He is as of now a full time cryptographic money merchant and started exchanging 2014. Hitherto his exchanging comes about have been marvelous. He is moreover the originator of the best exchanging slack on the web which as of now has near a thousand individuals.

Senior Consultant — Saint Kamei

A storied graduated class of Hewlett-Packard’s Consumer Strategic Center, he has 10 years of involvement in Business Development. He is right now working as methodology and arrangement specialist.

Head of Marketing — Miguel Azevedo

Miguel began in the computerized advertising space in 2011. He likewise began at Microsoft and after that relocated to the quick paced business of versatile execution advertising. Around here he begun as an entry level position and climbed to Product and Design group administration propelling imaginative items and ideas.

Lead Graphic Designer — João Vicente

Working with versatile execution showcasing and various application ventures since 2012. Fixated with dispersing, text styles, and arrangements. No plan goes live if it’s not pixel culminate. Works quick, finds the issues, offers arrangements. Venture Manager — Jason Chadwick Examined brain science at University of Stuttgart. Have a 20 year foundation in protection industry as a product mentor, showing peace promotion classes, later on went to a lower administration position that additionally includes venture administration for an assortment of tasks in an operational condition, and substance distributing.

FOR MORE INFORMATION
https://lixcoin.org/forums/
https://lixcoin.org/
https://t.me/lixcoin
https://twitter.com/Elixir_Platform
https://www.linkedin.com/company/elixir-platform/
https://fb.me/lixtoken
https://reddit.com/

AUTHORED BY

https://bitcointalk.org/index.php?action=profile;u=1255347

0x9aB7005af9630f0EbEEE596Dce70498E682e8042

ICO Spotlight | INS — Disrupting and Reinventing the Grocery Industry

The application of blockchain technology really shines when it can be applied in highly centralized industries that have had no choice but to build in one or more “middle-man” layers to assist getting products and services to consumers. Overall, these middle layers add an enormous cost to the consumer as each layer needs to take in a profit. This also creates weaknesses in the system such as:

  • Domination of retailers and retailer abuse of power
  • Supply chain inefficiencies
  • Outdated/costly/ineffective trade promotions

However, with blockchain (and advent of smart contracts), these layers become unnecessary as products and services can move directly from manufacturer/service provider to consumer.

An industry riddled with middle-man layers is nowhere more apparent than in the global grocery market where major inefficiencies and abuses in power are easily identified.

The global grocery market is expected to grow 6.1% annually and to reach $8.5 trillion by 2020. Everyone needs food, so groceries represent a significant share of consumers wallets, where in the United States the share spent is 7 percent all the way up to Pakistan where the share is approximately 48 percent (source)

This is where INS Ecosystem Limited (INS) wants to disrupt old institutions by targeting a rapidly growing segment of the grocery market: the online grocery industry.

Several demand and supply drivers in the online grocery segment will make it possible for INS reduce prices and receive direct rewards from manufacturers, thus accelerating consumer adoption and convenience.

INS estimates that they can save consumers up to 30% on everyday shopping directly from grocery manufacturers by implementing a decentralized ecosystem.

WHY THE ONLINE GROCERY MARKET?

To fully understand why INS wants to target the online market you have to understand what is driving industry growth. Then you will be able to see where it is and where it is going.

In 2015 the global online grocery industry was approximately a $98 billion industry. It is expected to grow to a 290 billion industry by 2020 (source).

Several factors are driving this growth. Here are factors to consider:

DEMAND DRVERSSUPPLY DRIVERSOn-demand economy expectationsAdvent of mobile technologyTime-starved lifestyle in large citiesAutomated fulfillment solutionsWorsening traffic conditionsNew marketplace models that require less capital expenditureGrowing smartphone usageCrowdsourcing economy driving affordable, quick deliveryGrowing middle class in large urban areas

In an industry where prices, product quality and convenience are the most important purchasing factors, one can see why INS feels it can make a positive (and profitable) impact.

THE INS ECOSYSTEM AND PLATFORM

INS will create and ecosystem with 4 main participants:

  1. Platform — The INS platform will be a decentralized marketplace where manufacturers perform a variety of tasks (publish products, marketing campaigns, receive feedback) directly for the consumer to digest.
  2. Consumers — Consumers interaction is vital as they will receive promotions, rewards, and send feedback. Overall, they will have tools to make better purchasing decisions.
  3. Manufacturers — While its main role will be to publish products, manufacturers will need to study feedback, manage promotions and loyalty programs and ensure fulfillment centers have the necessary inventory for consumer orders.
  4. Fulfillment Center Workers — Just as important player, fulfillment center workers are responsible to take in manufacturer products, assemble them into consumer orders and pass the orders to delivery couriers.

ICO DISTRIBUTION DETAILS

INITIAL CIRCULATION: Will depend on the amount of contributed funds
TOTAL CIRCULATION: 100,000,000

ACCEPTED CURRENCY: BTC, ETH, LTC, DASH, USD (Bank Transfer)
EXCHANGE RATE: 1 ETH = 300 INS TOKENS
MIN ACCEPTED: 0.1 ETH

ICO SCHEDULE AND BONUSES (Duration/Bonus below 10 ETH/Bonus 10–100 ETH/Bonus Above 100 ETH)

Day 1/20%/22.5%/25%
Days 2–8/15%/17.5%/20%
Week 2/5%/7.5%/10%
Weeks 3–4/0%/0%/0%

The token distribution is proportional to the number of INS tokens generated (see initial circulation above)

WHOPERCENTICO PARTICIPANTS 60%

INS TEAM 15%

ADVISORS, EARLY SUPPORTERS, BOUNTY 5%

RESERVE FUND 20%

ROADMAP AND GEOGRAPHICAL EXPANSION PLAN

DATEMILESTONEQ4 2017ICOQ1 2018INS Platform DevelopmentQ2 2018Development of the INS consumer & fulfillment apps and interfacesQ3 2018Development of the supplier SDKQ4 2018INS Launch!2019 & BeyondGeographical expansion and growing the ecosystem (see list below)

GEOGRAPHICAL EXPANSION PLAN

INS will consider expanding into cities based on population size, income level and grocery market concentration ratio. The following cities meet that criteria today:

  • Los Angeles
  • New York
  • London
  • Paris
  • Seoul
  • Hong Kong
  • Tokyo
  • Singapore

FINAL THOUGHTS

At first, I wondered why INS choose the online grocery segment, however its apparent that it is growing at a faster pace than the main brick and mortar segment and guaranteed to grow further as more countries develop and populate urban and suburban areas. Honestly, who wouldn’t want to save money and time on grocery shopping by outsourcing it to a delivery service? I use a home service when my wife or were unable to make it to the store and I personally know several families that use or have used a grocery delivery service as well. These are centralized services! I can only imagine how much more efficient a decentralized service like INS’s ecosystem platform will improve my overall experience and reduce my cost!

In addition to positive overall market conditions and growth, INS have other factors that will improve their chances at building a successful ecosystem and platform. INS has over 4 years’ experience building manufacturer and consumer relationships within the grocery industry. In other words, they understand it’s inefficiencies and outdated practices because have first-hand experience with running the largest venture-backed grocery delivery operator in Russia: Instamart.

INS has also stated that they have already received strong interest from several big grocery manufacturers. According to INS, they signed non-binding memoranda of understanding with the following companies:

  • Unilever Food Solutions
  • Unilever
  • Reckitt Benkiser
  • Friesland Campina
  • Valio
  • MARS

INS has an impressive resume of experience as well as confirmed interest from some of the largest grocery manufacturers in the world.

I encourage readers to read the INS Whitepaper (see REFERENCE LINKS) as I’ve only scratched the surface by highlighting key details. For instance, the whitepaper has descriptions for key components and processes on their platform such as rewards, cross-marketing, rating score, dispute resolution, and personal data security.

I also like it that they admitted that overall adoption will be a challenge. INS knows that customers likely have little-to-no knowledge of blockchain-based technologies or tokens. INS promises to make the customer experience very simple and straightforward for consumers to buy, earn and use INS tokens. The complexities of opening and maintaining a cryptocurrency wallet will be made seamless in their INS website and apps.

In sum, INS clearly has the prerequisites to be successful in the online grocery segment. I will enjoy watching their business mature and hope it will be strong enough one day to take their experiences and apply them in a way to threaten the overall global grocery market.

REFERENCE LINKS

INS Website
ICO Details
Whitepaper
FAQ

These posts have greater value when you comment. Please share your thoughts with the Steemit community.

Traversing the Cryptosphere,
Kryptonaut

ICO Spotlight | INS — Disrupting and Reinventing the Grocery Industry

The application of blockchain technology really shines when it can be applied in highly centralized industries that have had no choice but to build in one or more “middle-man” layers to assist getting products and services to consumers. Overall, these middle layers add an enormous cost to the consumer as each layer needs to take in a profit. This also creates weaknesses in the system such as:

  • Domination of retailers and retailer abuse of power
  • Supply chain inefficiencies
  • Outdated/costly/ineffective trade promotions

However, with blockchain (and advent of smart contracts), these layers become unnecessary as products and services can move directly from manufacturer/service provider to consumer.

An industry riddled with middle-man layers is nowhere more apparent than in the global grocery market where major inefficiencies and abuses in power are easily identified.

The global grocery market is expected to grow 6.1% annually and to reach $8.5 trillion by 2020. Everyone needs food, so groceries represent a significant share of consumers wallets, where in the United States the share spent is 7 percent all the way up to Pakistan where the share is approximately 48 percent (source)

This is where INS Ecosystem Limited (INS) wants to disrupt old institutions by targeting a rapidly growing segment of the grocery market: the online grocery industry.

Several demand and supply drivers in the online grocery segment will make it possible for INS reduce prices and receive direct rewards from manufacturers, thus accelerating consumer adoption and convenience.

INS estimates that they can save consumers up to 30% on everyday shopping directly from grocery manufacturers by implementing a decentralized ecosystem.

WHY THE ONLINE GROCERY MARKET?

To fully understand why INS wants to target the online market you have to understand what is driving industry growth. Then you will be able to see where it is and where it is going.

In 2015 the global online grocery industry was approximately a $98 billion industry. It is expected to grow to a 290 billion industry by 2020 (source).

Several factors are driving this growth. Here are factors to consider:

DEMAND DRVERSSUPPLY DRIVERSOn-demand economy expectationsAdvent of mobile technologyTime-starved lifestyle in large citiesAutomated fulfillment solutionsWorsening traffic conditionsNew marketplace models that require less capital expenditureGrowing smartphone usageCrowdsourcing economy driving affordable, quick deliveryGrowing middle class in large urban areas

In an industry where prices, product quality and convenience are the most important purchasing factors, one can see why INS feels it can make a positive (and profitable) impact.

THE INS ECOSYSTEM AND PLATFORM

INS will create and ecosystem with 4 main participants:

  1. Platform — The INS platform will be a decentralized marketplace where manufacturers perform a variety of tasks (publish products, marketing campaigns, receive feedback) directly for the consumer to digest.
  2. Consumers — Consumers interaction is vital as they will receive promotions, rewards, and send feedback. Overall, they will have tools to make better purchasing decisions.
  3. Manufacturers — While its main role will be to publish products, manufacturers will need to study feedback, manage promotions and loyalty programs and ensure fulfillment centers have the necessary inventory for consumer orders.
  4. Fulfillment Center Workers — Just as important player, fulfillment center workers are responsible to take in manufacturer products, assemble them into consumer orders and pass the orders to delivery couriers.

ICO DISTRIBUTION DETAILS

INITIAL CIRCULATION: Will depend on the amount of contributed funds
TOTAL CIRCULATION: 100,000,000

ACCEPTED CURRENCY: BTC, ETH, LTC, DASH, USD (Bank Transfer)
EXCHANGE RATE: 1 ETH = 300 INS TOKENS
MIN ACCEPTED: 0.1 ETH

ICO SCHEDULE AND BONUSES (Duration/Bonus below 10 ETH/Bonus 10–100 ETH/Bonus Above 100 ETH)

Day 1/20%/22.5%/25%
Days 2–8/15%/17.5%/20%
Week 2/5%/7.5%/10%
Weeks 3–4/0%/0%/0%

The token distribution is proportional to the number of INS tokens generated (see initial circulation above)

WHOPERCENTICO PARTICIPANTS 60%

INS TEAM 15%

ADVISORS, EARLY SUPPORTERS, BOUNTY 5%

RESERVE FUND 20%

ROADMAP AND GEOGRAPHICAL EXPANSION PLAN

DATEMILESTONEQ4 2017ICOQ1 2018INS Platform DevelopmentQ2 2018Development of the INS consumer & fulfillment apps and interfacesQ3 2018Development of the supplier SDKQ4 2018INS Launch!2019 & BeyondGeographical expansion and growing the ecosystem (see list below)

GEOGRAPHICAL EXPANSION PLAN

INS will consider expanding into cities based on population size, income level and grocery market concentration ratio. The following cities meet that criteria today:

  • Los Angeles
  • New York
  • London
  • Paris
  • Seoul
  • Hong Kong
  • Tokyo
  • Singapore

FINAL THOUGHTS

At first, I wondered why INS choose the online grocery segment, however its apparent that it is growing at a faster pace than the main brick and mortar segment and guaranteed to grow further as more countries develop and populate urban and suburban areas. Honestly, who wouldn’t want to save money and time on grocery shopping by outsourcing it to a delivery service? I use a home service when my wife or were unable to make it to the store and I personally know several families that use or have used a grocery delivery service as well. These are centralized services! I can only imagine how much more efficient a decentralized service like INS’s ecosystem platform will improve my overall experience and reduce my cost!

In addition to positive overall market conditions and growth, INS have other factors that will improve their chances at building a successful ecosystem and platform. INS has over 4 years’ experience building manufacturer and consumer relationships within the grocery industry. In other words, they understand it’s inefficiencies and outdated practices because have first-hand experience with running the largest venture-backed grocery delivery operator in Russia: Instamart.

INS has also stated that they have already received strong interest from several big grocery manufacturers. According to INS, they signed non-binding memoranda of understanding with the following companies:

  • Unilever Food Solutions
  • Unilever
  • Reckitt Benkiser
  • Friesland Campina
  • Valio
  • MARS

INS has an impressive resume of experience as well as confirmed interest from some of the largest grocery manufacturers in the world.

I encourage readers to read the INS Whitepaper (see REFERENCE LINKS) as I’ve only scratched the surface by highlighting key details. For instance, the whitepaper has descriptions for key components and processes on their platform such as rewards, cross-marketing, rating score, dispute resolution, and personal data security.

I also like it that they admitted that overall adoption will be a challenge. INS knows that customers likely have little-to-no knowledge of blockchain-based technologies or tokens. INS promises to make the customer experience very simple and straightforward for consumers to buy, earn and use INS tokens. The complexities of opening and maintaining a cryptocurrency wallet will be made seamless in their INS website and apps.

In sum, INS clearly has the prerequisites to be successful in the online grocery segment. I will enjoy watching their business mature and hope it will be strong enough one day to take their experiences and apply them in a way to threaten the overall global grocery market.

REFERENCE LINKS

INS Website
ICO Details
Whitepaper
FAQ

These posts have greater value when you comment. Please share your thoughts with the Steemit community.

Traversing the Cryptosphere,
Kryptonaut

Many bears are wishing the bulls dead…Bitcoin eyes 20k?


source: dailymirror

I remember when bitcoin started its epic bullrun from $5500(which it fell to from an attempt to break 8000), many people including me thought it had not yet completed a “healthy” downtrend.

Little did we know that the honey badger had a truckload of parabolic surprises awaiting us.

And so the rocket took off, throwing popular traders predictions out the window, and everyone trying to call the top were terribly rekt as Bitcoin kept climbing up non-stop.

A popular and well experienced trader Peter Brandt(author of Amazon’s best seller) captured the historic move of bitcoin in his tweet:

“in 42 years of trading i have never seen anything like this, pay attention folks, you may never see something like this again.

And today as i write Bitcoin is now over 17000, and it doesnt seem to be relenting.

But some traders did forsee this big uptrend, and they kept campaigning bitcoin will reach 10,000, and kept tweeting about it and even attached ‘10k’ to their twitter usernames.

But one would have thought 10k will be the psychological resistance that will slow bitcoin down, but nooooo! bitcoin tore through that resistance like it was nothing.

And now we have new predictions from Mike Novogratz that bitcoin is set to hit 40k by december.

It nowadays seems bitcoin is following prophetic predictions and no longer TA.

And with the strong network effect at play one can safely say bitcoin is on a self fulfilling prophecy trend.

What is self fufilling prophecy? Self-fulfilling prophecy are effects in behavioral confirmation effect, in which behavior, influenced by expectations, causes those expectations to come true(source:wiki)

Conclusion

And if self fufilling prophecy is the case with Bitcoin,with its very strong community and new believers coming in from top big money institutions like Cme, Cboe, etc,

Then 2018 surely holds greater surprises for bitcoin, because the energy of its loyal holders are able to bring even bigger expectations come true for it.

Pop goes the Bitcoin

Cryptocoiners are quite eager to point out interesting and usable features of the blockchain. At the same time, most of them downplay or omit to mention the bad features.

There’s this particularly dangerous feature called processing time. It’s not bad by itself if it is small, but if the time to process the transaction (and thus to transfer crypto coins from one owner to another) becomes too high, the processing time could take an hour or two — or even many hours. It depends mainly on the incoming requests for transfers: while the average transaction processing time is just about 10 minutes, if there are a large number of transactions pending, you might have to wait quite a long time before your transaction is randomly picked from the pool.

To avoid waiting for too long, an interested party can increase the mining fee for her transaction, effectively paying more for faster service. Transactions with higher fees tend to get included in the blockchain faster.

While this situation we might see as a deviation from the ideas of non-governed, non-centralized, egalitarian system proposed in the famous whitepaper, its effects will be even more devastating once the Bitcoin bubble pops.

At that time everyone will want to sell. With a few buyers, the price will start dropping rapidly; sellers would go insane about the processing time, seeing their “money” losing value faster than it can be sold, and prospective buyers might try to cancel already agreed upon transaction because the new price is going to be much lower at the time the transaction finally gets into the blockchain, and they would be at a net cost. So they would double-spend on the transaction with the higher fee to cancel the previous transaction. If the processing time is long (as it would be), this would be an effective strategy for cancelling transactions that have lost the value even before they’re confirmed.

Part of the panicked crowd might start increasing transaction fee just to get their sale trough while the price hasn’t fallen any further, or to simply avoid their transaction timing out in the congested queue, leaving them with the coin that is haemorrhaging value through its jugular vein.

This would explode the average transaction fee, making the transaction more costly and less profitable on already falling value. On the other hand, this would bring more Bitcoins to the miners, but the value would be diminished by the minute, partly because there’s more and more BTC being poured into miners’ pockets: a state of virtual hyperinflation. As the price of BTC falls, miners will get more and more of the coin that is worth less and less, rendering their task as not so much more profitable after all. The negative feedback would require an even higher increase in transaction fees, and there you have it: a hyperinflation cycle in a currency designed to be immune to it.

The delay in processing time is the enemy of the technology: in time when there’s a serious crisis, people want to act immediately; an ability to increase transaction fee would, in turn, create huge inequalities between players, and many would lose. Prospective buyers might take into account the transaction processing time and simply wait for the market to become less volatile to avoid bleeding money; this, in turn, will create a virtual shortage of buyers, driving prices even lower.

BTC bubble might show the characteristic discrete value of digital systems: it might drop to zero (or close to zero) in almost an instant. No steep slope, but a cliff.

I’d also add that crypto exchanges failing en masse under the heavy load would not really help the cause.

As far as many bubbles go, after a steep decline, the market eventually recovers because it still holds some intrinsic real value.

With cryptocurrencies, the only measure of real value are shops willing to trade real value goods or services in exchange for crypto money. The burst of BTC bubble might scare them all away, and if they refuse to accept crypto money this would mean that the whole system is a self-contained bubble that has no intrinsic value at all. It would be like any computer game currency, only without a computer game.

Or is it? Is it, after all, just a clever computer game, set up and left for the watchful observer to observe?

Pop goes the Bitcoin

Cryptocoiners are quite eager to point out interesting and usable features of the blockchain. At the same time, most of them downplay or omit to mention the bad features.

There’s this particularly dangerous feature called processing time. It’s not bad by itself if it is small, but if the time to process the transaction (and thus to transfer crypto coins from one owner to another) becomes too high, the processing time could take an hour or two — or even many hours. It depends mainly on the incoming requests for transfers: while the average transaction processing time is just about 10 minutes, if there are a large number of transactions pending, you might have to wait quite a long time before your transaction is randomly picked from the pool.

To avoid waiting for too long, an interested party can increase the mining fee for her transaction, effectively paying more for faster service. Transactions with higher fees tend to get included in the blockchain faster.

While this situation we might see as a deviation from the ideas of non-governed, non-centralized, egalitarian system proposed in the famous whitepaper, its effects will be even more devastating once the Bitcoin bubble pops.

At that time everyone will want to sell. With a few buyers, the price will start dropping rapidly; sellers would go insane about the processing time, seeing their “money” losing value faster than it can be sold, and prospective buyers might try to cancel already agreed upon transaction because the new price is going to be much lower at the time the transaction finally gets into the blockchain, and they would be at a net cost. So they would double-spend on the transaction with the higher fee to cancel the previous transaction. If the processing time is long (as it would be), this would be an effective strategy for cancelling transactions that have lost the value even before they’re confirmed.

Part of the panicked crowd might start increasing transaction fee just to get their sale trough while the price hasn’t fallen any further, or to simply avoid their transaction timing out in the congested queue, leaving them with the coin that is haemorrhaging value through its jugular vein.

This would explode the average transaction fee, making the transaction more costly and less profitable on already falling value. On the other hand, this would bring more Bitcoins to the miners, but the value would be diminished by the minute, partly because there’s more and more BTC being poured into miners’ pockets: a state of virtual hyperinflation. As the price of BTC falls, miners will get more and more of the coin that is worth less and less, rendering their task as not so much more profitable after all. The negative feedback would require an even higher increase in transaction fees, and there you have it: a hyperinflation cycle in a currency designed to be immune to it.

The delay in processing time is the enemy of the technology: in time when there’s a serious crisis, people want to act immediately; an ability to increase transaction fee would, in turn, create huge inequalities between players, and many would lose. Prospective buyers might take into account the transaction processing time and simply wait for the market to become less volatile to avoid bleeding money; this, in turn, will create a virtual shortage of buyers, driving prices even lower.

BTC bubble might show the characteristic discrete value of digital systems: it might drop to zero (or close to zero) in almost an instant. No steep slope, but a cliff.

I’d also add that crypto exchanges failing en masse under the heavy load would not really help the cause.

As far as many bubbles go, after a steep decline, the market eventually recovers because it still holds some intrinsic real value.

With cryptocurrencies, the only measure of real value are shops willing to trade real value goods or services in exchange for crypto money. The burst of BTC bubble might scare them all away, and if they refuse to accept crypto money this would mean that the whole system is a self-contained bubble that has no intrinsic value at all. It would be like any computer game currency, only without a computer game.

Or is it? Is it, after all, just a clever computer game, set up and left for the watchful observer to observe?

A Gold Guys View of Crypto, Bitcoin, and Blockchain

Bitcoin was on my radar far back as 2011, but for years, I didn’t think much of it.

It was a curiosity. Nothing more.

Sort of like the virtual money you use in World of Warcraft or something. In 2015, looking deeper, I slowly (not the sharpest tool in the shed) arrived at that “aha” inflection point that most advocates of honest money arrive at. I realized that a distributed public ledger has the power to change, well, everything.

Changing All The Things

One aspect of crypto that appealed to me was that this technology had the potential to bring “un-banked” people from around the world into the modern financial system. It potentially granted access to digital transactions without the use of banks for billions of people that were formerly excluded from transacting in the modern economy. People could be rewarded for their labor and have access to opportunities in ways which would not exist otherwise.

In places like Afghanistan, the local people do not go to their neighborhood super-mall to buy laptops and ipads. Much of the developing world has ever growing access to smart phones, with market penetration reaching into the billions. Developing countries are skipping the entire computer-laptop-tablet phase and moving straight into much more affordable smart/feature devices with internet access. In the Middle East and Africa, nearly all internet users are on mobile devices. Combined with crypto, all of these devices making up the internet of things grants access to a new global financial paradigm that is potentially owned by the people themselves.

Imagine a world where a teenage girl in India can start a business, sell her wares or services, and then through her phone, internet, and crypto-currency store the fruit of her labor. She can then buy an item on Amazon and have it shipped to her half-way around the world without ever having to open a bank account. This is the future that crypto-currency promises.

Having transactions validated with cryptography means we can trust the math, and not have to rely on a human intermediary or the bank. The only way to compromise the cryptography requires computing power that no private (or sovereign) entity in the world can bring to bear. I have heard one crypto expert assert that the current hashing power of the voluntary nodes processing the bitcoin algorithm has more power than all of the world’s supercomputers combined. Because it is a distributed public ledger, it means that no single entity controls it, but everyone gets to see the transactions in it. This performs the primary function of every bank since Medici, which is keeping track of where the money goes. Only now, you don’t need the bank. The technology has the potential to dis-intermediate the banks, and therefore the political class, from having total control of every aspect of peoples financial lives.

This is not to suggest that there will be no future need for banks. There is close to $200 Trillion USD value of fiat currency issued by governments around the world, and that has to find its way into crypto somehow. The existing financial system will not all of a sudden fold up and disappear. There should be ample opportunities for financial services moving forward, but there is no doubt disruption is coming.

If crypto continues on its current path, the political and financial elites who have an interest in maintaining the current system of Central Banks, taxation, and fractional reserve banking created over the last hundred years will not take it lying down. It is my view that once political elites realize the true threat cryptocurrency poses to their control, they will do everything in their power to delay, derail, and destroy it.

Believers in honest money have known this for millenia.

“A “gold war” is an attempt by the government upon the constitutional rights of the individual. Why do governments resort to gold wars? Sometimes they want to wage shooting wars without raising taxes; at other times they want to indulge in “social engineering: through the redistribution of income. But in every instance there is one common thread: governments have correctly identified gold as the only antidote against their effort to build the Tower of Babel of irredeemable debt.” — Ferdinand Lips 1972— Former Founding Director of Rothschilds Bank Switzerland

Over the years the push by politicians and financial elites towards total control of the financial system and therefore the financial lives of every person on the planet has progressed seemingly unimpeded. There is a long litany of offenses which I will not attempt to catalogue here. Anyone can probably relate to increasing taxation, financial regulatory interference in their lives, and continually worsening purchasing power. When I was a kid a movie ticket was $1.50. I just bought tickets to Stars Wars The Last Jedi for $20.50 each, and for a family of five that starts to get pricey.

This insidious process is the basis for many of society’s ills. The honesty of the money system is the first foundation upon which a free society is built. It is the most sacred and basic means of storing one’s labor and the only hope for a future better than the one we have now. For countless millions, the hope for a better future has been slowly eroded, until only the most optimistic among us can see the light, if only dimmed through the fog of battle on an endless hamster wheel of wealth chasing required in a financial system that targets a 2 pct level of inflation. Capital formation historically precedes diversification of labor, and a prolonged contraction of labor (loss of higher paid work) is a symptom of a sickly structure that disproportionately benefits rent seekers versus wage earners. These are symptoms of a broken and dishonest money system.

In the United States today, the traditional family unit has two working parents, some of which hold two jobs, and still have a lower standard of living than the generation that came before it. Average annual incomes have been in decline for close to 40 years. Combined with the inflation that has destroyed the buying power of the US dollar, many Americans find themselves with dwindling hope.

Our children are not blind to this. All of my kids, in their teenage years now, recognize that the system we are leaving to them is broken. They are not stupid. They are observant, and they can see the trends in motion, even if we, the supposed adults here, are unwilling to admit to it.

But still, with all the potential that crypto promised, I was unconvinced.

I will address some of the challenges I see, and some of the current memes that are clouding the benefits crypto has to offer to people who are looking at it for the first time.

Bear with me if you are a crypto-advocate. These are my own concerns, and I point them out not as a critic, but because it might be prudent to consider them. If you stick with me to the end of this article you will see I am not anti-crypto, but rather see it as an opportunity.

Crypto is the new gold

It is fascinating to me that Bitcoin is always being compared to gold, as if in order for it to be legitimate, it must somehow dethrone man’s most ancient form of money. Almost every visual rendering of Bitcoin I have ever seen is in the form of a gold coin.

What I don’t understand is why? Crypto has made its own place in the world by making an amazing leap forward as a medium of exchange, with thus far unrivaled capabilities. But crypto is not gold, and can never be gold. I suggest that BTC and Crypto are better as a medium of exchange, while gold is a better medium for storing value.

This is not because of some dogma I have for the metal. Some will trot out “you are just talking your book” when I mention this.

The simple fact is, out of the near 185,000 tons of estimated above ground gold, someone owns, all of it. Every fine gram of gold above ground belongs to someone already, whether that be in the form of bars, coins, jewelry, the thin layer on astronauts helmets that protect them from solar radiation, or the gold plated contacts in the mining rigs used to mine crypto. New gold mined from the ground is usually spoken for before it ever hits a refinery. My job as a physical gold fund manager is not to convince people to buy gold, that job has already been done.

The reason crypto can never replace gold lies in physics: Gold cannot be destroyed

Everything else can. Computers. Exchanges. Mining Pools. Wallets. Powergrids. Internets. Nations. You name it. If you blew up the planet earth, the gold atoms would still be there.

I continue to find that in the financial professional space, gold’s utility value is widely misunderstood or isn’t understood at all. For purposes of common ground, let’s approach this from first principles. Let’s start with what we absolutely know to be true, and go from there.

Wealth is created at its most basic level, when a person expends their labor, i.e., invests human energy and creates a good or service that some entity is willing to exchange an agreed token of value for. In other words, anything in excess of what we pay for where we live, what we eat, the clothes on our back, or basic necessities to survive, is wealth, or a surplus of energy.

Once wealth is created, and we have a little bit of surplus energy, what do we do with that surplus energy? We can either invest it or store it in money.

What is money? Going back to basic economics textbooks, money is a few different things — a medium of exchange, a unit of measure, and a store of value.

I suspect many crypto-advocates will dis-like this, but I would suggest that being a medium of exchange is not the foremost utility value of money, a store of value is. There are plenty of people in Venezuela right now who have access to Bolivars as a medium of exchange, but when the value of those units of exchange plummet to near zero, they are worthless for practical purposes. If money does not retain its value, it is useless for all practical purposes of deploying ones stored labor for future use, and no amount of awesomeness as a medium of exchange will change that.

This is where gold’s true utility comes into play. Not only does gold store value, it’s the way gold stores value. Gold stores energy in a form that is indestructible. That is the key, right there, in a nutshell. I’ll say it again; gold’s utility value is the fact that it stores energy in a form that is indestructible. Unlike anything else you can invest or store money in, gold doesn’t rely on any external force for this to continue to be true over time. It is sort of like a battery with no expiration date.

Gold exists as atomic number 79 on the periodic table. It is chemically inert and does not interact with oxygen. It is the only element with properties that make it completely immune to the forces of entropy. The only way to destroy it would be to fire it into the sun, or somehow put it in the middle of an equivalent fusion reaction that took the atoms apart at a subatomic level.

I have heard some may say that “someday no one will value gold, so it does not matter.” Not only do we have almost 5000 years of data to show that has never occurred, but there is literally nothing on the planet earth in accessible quantities with gold’s physical properties that can replace that utility.

In a recent Twitter exchange someone said to Jim Rickards, “Jim, AI systems won’t be using gold,” and he answered back, “Gold won’t be using the power grid.” This a humorous way to make the point, but I would even take it a step further than saying gold is not just good money, it is the only form of money that is completely resistant to financial entropy. By financial entropy I mean that every other thing one can hold or invest money in requires human effort and interaction in some way or another to maintain. Bitcoin requires electricity, the internet, computers, developers, miners. Companies and fiat-issued currencies require human force of will to maintain. Stocks, bonds, and commodities all will erode over time without effort to the contrary. All of these require human will and interaction to resist the forces of entropy, otherwise they slowly self-destruct over time. The only thing that doesn’t do that as far as I know is gold

A little challenge if you will humor me: Can you think of any form of storing wealth, whether it be an investment in stocks, bonds, companies, real estate, Bitcoin or anything, that is not subject to entropy (self destruction if left alone) over time?

Finally, gold remains a critical base component of the entire global financial system. The entire above ground global stock of gold is worth approximately $7.5 Trillion in US Dollar terms, while all crypto is coming in at approx $300 Billion (grant me some leeway here, the price is moving faster than a flaming marmot).

Central banks do not hoard coffee, sugar, copper, or Bitcoin, but they do hoard gold. The US Central Intelligence Agency classifies gold as a reserve asset. ( cia.gov/library/public… ) So do top level institutions such as the IMF. At the highest levels, financial elites who manage our global financial structure know the truth of this, and you can find it buried in the details, even if they deny it in public. Watch the commentary of former Central Bank Governor’s regarding gold after they leave office for clues. More or less, they acknowledge gold is the emergency reset button if fiat loses confidence.

Crypto-currency is not gold, and can never replace the indestructibility of gold, but the two can work side by side in a new global paradigm of financial freedom and independence.

You can’t Confiscate crypto but you can confiscate gold

While partially true, this does not take into account the fact that at every point where crypto touches the fiat eco-system, it is subject to government confiscation.

Politicians figured out almost a decade ago that by controlling the chokepoints (see FATCA) such as banks, exchanges, and financial intermediaries, they are able to control the global financial system.

Crypto was designed to circumvent this, but the vast majority of the trading volume in Bitcoin is arguably for speculation. Until crypto is adopted for commercial exchange as its primary function, then touchpoints to the fiat ecosystem are a requirement. That’s called a chokepoint.

This is already in play. Check out S.1241. If this bill passes, Title 31 will redefine financial institutions to include issuers or exchangers of crypto, and they aren’t writing these new laws solely for the laughs. This is foundational law that will empower financial regulators to directly attack crypto users at key fiat-system chokepoints. Many regulations are already on the books which grant regulators authority to do this even if S.1241 fails. If you think that is conspiracy, I recommend “Treasury’s War” by Juan Zarate. Using such chokepoints is not only a matter of fact, it is a standard tool in the modern sovereign financial warfare arsenal.

Like gold, crypto can survive 100% off the grid, meaning that if it is stored and used completely apart from touching the fiat ecosystem it cannot be confiscated, but to assume its current use value is somehow immune to confiscation at any level is naive at best.

You are too dumb to understand the technology — people don’t ride around on horses anymore dude

For those of you doing it, please stop taking this position. It is not a logical argument. It also alienates the people you are trying to convince, and is not bringing more people over to crypto.

16 years in IT, and I am still a bit of a nerd when it comes to technology. I managed wide area networks, ran datacenters, etc. Today I ordered the parts for a 12 GPU mining rig I intend to build as science project and Christmas gift to me. I have read a half dozen books and dozens of articles and whitepapers on blockchain and distributed ledger technology. I am not a cryptographer, but I get it.

Most other common memes of crypto vs gold revolve around faith based arguments

These vary widely, but range from “we will soon mine asteroids and gold will become worthless”, to “when fiat fails it is crypto’s destiny to take over the smouldering remains of our financial system”….like… in accordance with the prophecy. To be fair, I know plenty of folks who think that is a role destined for gold, but saying that doesn’t make it a fact.

I have heard the argument of mining asteroids so many times it is becoming like the sand in your shorts at the beach. It is not relevant, but you still have to go rinse it out to avoid chafing. This flying unicorn idea has zero credibility because it defies basic physics. Launching spacecraft isn’t free, nor is anything else about this idea. There are cost inputs to all resource extraction activity which requires a market price to support, or it simply isn’t economic to do. Just ask the frackers.

Real Challenges Facing Crypto

I am not going to deep dive these issues, you can find ample data to support these concepts without extraneous effort.

  • Not yet proven able to withstand substantial liquidity events. The first time a hedge fund bails out of Bitcoin to the tune of a hundred million usd, we will find out how deep this rabbit hole really goes.
  • Automated Wash trading on some of the worlds largest exchanges. There are videos available which show automated wash trades occurring on one of the world’s largest crypto exchanges. For those of you not familiar with wash trades, they are pairs trades where buys happen to precisely match offer’s and intentionally trend the price higher. I don’t claim to know if these are legitimate, but they sure look that way.
  • The entire tech stack is riddled with single points of failure, and technical chokepoints subject to interference by political elites. As with most man-made systems, there are choke points. Routers DNS TCP/IP Packet level inspection culling, etc. There are ways to circumvent most of what may be thrown at crypto on these levels, but the average person has no idea how to use them, and may react adversely when they are employed.
  • Community consensus driving policy changes. I admit I am no expert on how this works, but the idea of the community deciding policy sort of short circuits the idea of this thing being driven completely by math and not depending on humans for trust.
  • Hacking. The theft of crypto from exchanges, mining pools, and wallets is becoming common. The average person is not technically literate enough to secure their crypto, and this needs a solution.
  • The need for more robust infrastructure. Blockchain transaction clearing vs current transactional infrastructure such as visa is not even in the same ballpark yet. There is currently a backlog of 106478 unconfirmed transactions on the BTC blockchain. (See the number as of this instant here https://blockchain.info/unconfirmed-transactions ) . Key exchanges are a limiting and centralized potential point of failure. During periods of heavy trade volume, the largest exchanges are down and or error 404 for extended (days) periods of time.
  • The Dawn of Quantum Computing. Quantum computing, if claims are to be believed, has the potential to make all existing cryptography obsolete.

    Twitter conversation:

Koos Jansen [gold]
@KoosJansen
Replying to @alexstanczyk @sujitnambath

Some say BTC can survive quantum (if there’s time), others say Ethereum will be quantum-proof, yet others say there is already resistant Distributed Ledger Technology.

Alex Stanczyk
@alexstanczyk
Replying to @KoosJansen @sujitnambath
Yes, but to outrun the theoretical speeds of these Quantum computers, crypto keys would have to be massive. I read one article claiming like 1 terabyte, or larger. Try storing that on a thumb drive.

And finally,

“There is only one Lord of the Ring, only one who can bend it to his will. And he does not share power.” -Gandalf

The biggest risk to the success of crypto as free market money owned by the people is entrenched political and financial elites. There is a non-zero probability that political elites will simply get together, declare crypto currency illegal, and issue their own blockchain based (non distributed) cryptocurrencies which they declare to be fiat. People may be able to use crypto as a black market (see illegal) means of exchange after that, but the powers that be will do their best to make their lives hell.

I had a brief exchange with the well known Founder & CIO of Morgan Creek Capital Management Mark Yusko, that went:

Mark: “They banned alcohol and made drugs illegal and that worked really well”

Me: “To be fair, alcohol and drugs were never a threat to the gov sovereign control of the financial lives of billions of their subjects. We may all be well served if we do not underestimate the lengths gov may go to in order to retain control of the money we use.”

Mark: Twitter Like

For Years The Answer Was Always Gold

For a decade I have believed that the only way to collectively extract ourselves from this systemically corrupt morass of modern financial slavery, was to go back to an honest form of money. Coming from a gold background, and having studied monetary history, the answer to me was obviously gold.

At the end of the day, when it comes to money the common thread throughout all of human history has been confidence in mutually agreed future value — whether the money was shells, wood sticks, 4 ton wheels of stone — the people using it agreed it had value, and the asset with the 5000 year track record is gold.

So I marked time, waiting for the day that the masses would come to the conclusion that we are being collectively screwed. Only it never happened. The average person has not at any point been consciously aware of how central banks and fractional reserve banking systems extract their wealth, and maybe only vaguely aware that the political parasite has gorged itself on the people to the point where it is killing the host.

Something had to change, and gold still wasn’t teaching people the way out.

Enter The Mother Of All Bubbles Large and Small (MOABLS)

Bitcoin passed the $1000 per Bitcoin mark in the first part of the year. It seemed obvious to me, and to many others not heavily vested in Bitcoin, that it was showing all the signs of a classic bubble.

Bartenders were bragging about being crypto investors. Strippers in Denny’s parking lots were giving Bitcoin investing tips. Conversation at Thanksgiving Dinner became Grandpa asking grandson how to invest in “this Bitcoin thing”. The leading Cryptocurrency exchange in the USA exploded with new accounts, adding hundreds of thousands of new users per day, eventually exceeding the number of brokerage accounts held by Schwab and Etrade.

By early December of 2017, Bitcoin had gone as high as BTC/USD $19,000 in intraday trading on GDAX. Not only was this absolutely meteorically mind numbingly bubble red flag territory to anyone looking at the space without a choker chain of confirmation bias, but may turn out to be the biggest bubble in percentage and time terms of any bubble in all of recorded human history.

Some advocates claim that the USD price of Bitcoin is a result of its value derived from use as a superior medium of exchange. But is this really true? Instead of charting the price, it might be informative to chart transaction volume for commercial use isolated from speculative buying. That is the data I really want to see.

No, I knew with every fiber of my being that this thing was a bubble of cosmic proportions. I knew it had to crash and burn, and that it was going to happen any moment. Woe be it to the industry when regulators came to the rescue of all the crying grandma’s who lost their money.

But what if this was no ordinary bubble

Unlike the Tulip Mania, the South Seas bubble, or many of history’s many mania’s, this one is uniquely different in one important way.

Cryptocurrency, as a bubble, is serving an incredibly rare and important purpose. For the first time in over a hundred years, there is now a discussion going on with average people about what money really is, and what we want it to be. It is causing people to examine our financial system in ways that people normally never would. The typical person carries on each day with nary a thought to how our monetary system is constructed. If you were to ask 1000 random people if they knew when the Federal Reserve System was created, who owns it, and what it really does I would be surprised if one in a thousand could tell you.

For people to cross this threshold of once again examining what we use as the basis for all economic activity, it could be the single most important influence of the entire cryptocurrency phenomenon.

Do I think Bitcoin is in a bubble? Yes, absolutely. I think there is a high likelihood we are not done seeing huge corrections in the BTC/USD price. But I also think it this does not end there.

It seems likely to me that Bitcoin and the entire cryptocurrency eco system has a ways to go before it is all grown up. The next major scare will likely send much of the grandma capital fleeing the space, with attendant repercussions from regulators.

But what will come after, may not be just another burst bubble. What will come after, I hope, is an awareness that we need to examine what our money is. That we will begin to consciously consider whether printing endless amounts of fiat currency that flows into the hands of the financial elite, widening the wealth gap and sowing the fields for future crisis is a good thing or not.

It seems we are on the cusp of a once in a millenia chance to discuss and think about what free and honest money is. A chance, that peoples labor could once again, just maybe, be their own.

Crypto’s ascendancy will hopefully serve as a wake up call. Perhaps, there is room in the future for a global decentralized system that is owned by the people, where transactions transit the globe at the speed of light, unshackled from the entrenched financial edifice, where gold too plays a role as an indestructible hedge for storing wealth. This may be the opportunity to bring awareness and discourse to what our money is, and what it is to become.

A Gold Guys View of Crypto, Bitcoin, and Blockchain

Bitcoin was on my radar far back as 2011, but for years, I didn’t think much of it.

It was a curiosity. Nothing more.

Sort of like the virtual money you use in World of Warcraft or something. In 2015, looking deeper, I slowly (not the sharpest tool in the shed) arrived at that “aha” inflection point that most advocates of honest money arrive at. I realized that a distributed public ledger has the power to change, well, everything.

Changing All The Things

One aspect of crypto that appealed to me was that this technology had the potential to bring “un-banked” people from around the world into the modern financial system. It potentially granted access to digital transactions without the use of banks for billions of people that were formerly excluded from transacting in the modern economy. People could be rewarded for their labor and have access to opportunities in ways which would not exist otherwise.

In places like Afghanistan, the local people do not go to their neighborhood super-mall to buy laptops and ipads. Much of the developing world has ever growing access to smart phones, with market penetration reaching into the billions. Developing countries are skipping the entire computer-laptop-tablet phase and moving straight into much more affordable smart/feature devices with internet access. In the Middle East and Africa, nearly all internet users are on mobile devices. Combined with crypto, all of these devices making up the internet of things grants access to a new global financial paradigm that is potentially owned by the people themselves.

Imagine a world where a teenage girl in India can start a business, sell her wares or services, and then through her phone, internet, and crypto-currency store the fruit of her labor. She can then buy an item on Amazon and have it shipped to her half-way around the world without ever having to open a bank account. This is the future that crypto-currency promises.

Having transactions validated with cryptography means we can trust the math, and not have to rely on a human intermediary or the bank. The only way to compromise the cryptography requires computing power that no private (or sovereign) entity in the world can bring to bear. I have heard one crypto expert assert that the current hashing power of the voluntary nodes processing the bitcoin algorithm has more power than all of the world’s supercomputers combined. Because it is a distributed public ledger, it means that no single entity controls it, but everyone gets to see the transactions in it. This performs the primary function of every bank since Medici, which is keeping track of where the money goes. Only now, you don’t need the bank. The technology has the potential to dis-intermediate the banks, and therefore the political class, from having total control of every aspect of peoples financial lives.

This is not to suggest that there will be no future need for banks. There is close to $200 Trillion USD value of fiat currency issued by governments around the world, and that has to find its way into crypto somehow. The existing financial system will not all of a sudden fold up and disappear. There should be ample opportunities for financial services moving forward, but there is no doubt disruption is coming.

If crypto continues on its current path, the political and financial elites who have an interest in maintaining the current system of Central Banks, taxation, and fractional reserve banking created over the last hundred years will not take it lying down. It is my view that once political elites realize the true threat cryptocurrency poses to their control, they will do everything in their power to delay, derail, and destroy it.

Believers in honest money have known this for millenia.

“A “gold war” is an attempt by the government upon the constitutional rights of the individual. Why do governments resort to gold wars? Sometimes they want to wage shooting wars without raising taxes; at other times they want to indulge in “social engineering: through the redistribution of income. But in every instance there is one common thread: governments have correctly identified gold as the only antidote against their effort to build the Tower of Babel of irredeemable debt.” — Ferdinand Lips 1972— Former Founding Director of Rothschilds Bank Switzerland

Over the years the push by politicians and financial elites towards total control of the financial system and therefore the financial lives of every person on the planet has progressed seemingly unimpeded. There is a long litany of offenses which I will not attempt to catalogue here. Anyone can probably relate to increasing taxation, financial regulatory interference in their lives, and continually worsening purchasing power. When I was a kid a movie ticket was $1.50. I just bought tickets to Stars Wars The Last Jedi for $20.50 each, and for a family of five that starts to get pricey.

This insidious process is the basis for many of society’s ills. The honesty of the money system is the first foundation upon which a free society is built. It is the most sacred and basic means of storing one’s labor and the only hope for a future better than the one we have now. For countless millions, the hope for a better future has been slowly eroded, until only the most optimistic among us can see the light, if only dimmed through the fog of battle on an endless hamster wheel of wealth chasing required in a financial system that targets a 2 pct level of inflation. Capital formation historically precedes diversification of labor, and a prolonged contraction of labor (loss of higher paid work) is a symptom of a sickly structure that disproportionately benefits rent seekers versus wage earners. These are symptoms of a broken and dishonest money system.

In the United States today, the traditional family unit has two working parents, some of which hold two jobs, and still have a lower standard of living than the generation that came before it. Average annual incomes have been in decline for close to 40 years. Combined with the inflation that has destroyed the buying power of the US dollar, many Americans find themselves with dwindling hope.

Our children are not blind to this. All of my kids, in their teenage years now, recognize that the system we are leaving to them is broken. They are not stupid. They are observant, and they can see the trends in motion, even if we, the supposed adults here, are unwilling to admit to it.

But still, with all the potential that crypto promised, I was unconvinced.

I will address some of the challenges I see, and some of the current memes that are clouding the benefits crypto has to offer to people who are looking at it for the first time.

Bear with me if you are a crypto-advocate. These are my own concerns, and I point them out not as a critic, but because it might be prudent to consider them. If you stick with me to the end of this article you will see I am not anti-crypto, but rather see it as an opportunity.

Crypto is the new gold

It is fascinating to me that Bitcoin is always being compared to gold, as if in order for it to be legitimate, it must somehow dethrone man’s most ancient form of money. Almost every visual rendering of Bitcoin I have ever seen is in the form of a gold coin.

What I don’t understand is why? Crypto has made its own place in the world by making an amazing leap forward as a medium of exchange, with thus far unrivaled capabilities. But crypto is not gold, and can never be gold. I suggest that BTC and Crypto are better as a medium of exchange, while gold is a better medium for storing value.

This is not because of some dogma I have for the metal. Some will trot out “you are just talking your book” when I mention this.

The simple fact is, out of the near 185,000 tons of estimated above ground gold, someone owns, all of it. Every fine gram of gold above ground belongs to someone already, whether that be in the form of bars, coins, jewelry, the thin layer on astronauts helmets that protect them from solar radiation, or the gold plated contacts in the mining rigs used to mine crypto. New gold mined from the ground is usually spoken for before it ever hits a refinery. My job as a physical gold fund manager is not to convince people to buy gold, that job has already been done.

The reason crypto can never replace gold lies in physics: Gold cannot be destroyed

Everything else can. Computers. Exchanges. Mining Pools. Wallets. Powergrids. Internets. Nations. You name it. If you blew up the planet earth, the gold atoms would still be there.

I continue to find that in the financial professional space, gold’s utility value is widely misunderstood or isn’t understood at all. For purposes of common ground, let’s approach this from first principles. Let’s start with what we absolutely know to be true, and go from there.

Wealth is created at its most basic level, when a person expends their labor, i.e., invests human energy and creates a good or service that some entity is willing to exchange an agreed token of value for. In other words, anything in excess of what we pay for where we live, what we eat, the clothes on our back, or basic necessities to survive, is wealth, or a surplus of energy.

Once wealth is created, and we have a little bit of surplus energy, what do we do with that surplus energy? We can either invest it or store it in money.

What is money? Going back to basic economics textbooks, money is a few different things — a medium of exchange, a unit of measure, and a store of value.

I suspect many crypto-advocates will dis-like this, but I would suggest that being a medium of exchange is not the foremost utility value of money, a store of value is. There are plenty of people in Venezuela right now who have access to Bolivars as a medium of exchange, but when the value of those units of exchange plummet to near zero, they are worthless for practical purposes. If money does not retain its value, it is useless for all practical purposes of deploying ones stored labor for future use, and no amount of awesomeness as a medium of exchange will change that.

This is where gold’s true utility comes into play. Not only does gold store value, it’s the way gold stores value. Gold stores energy in a form that is indestructible. That is the key, right there, in a nutshell. I’ll say it again; gold’s utility value is the fact that it stores energy in a form that is indestructible. Unlike anything else you can invest or store money in, gold doesn’t rely on any external force for this to continue to be true over time. It is sort of like a battery with no expiration date.

Gold exists as atomic number 79 on the periodic table. It is chemically inert and does not interact with oxygen. It is the only element with properties that make it completely immune to the forces of entropy. The only way to destroy it would be to fire it into the sun, or somehow put it in the middle of an equivalent fusion reaction that took the atoms apart at a subatomic level.

I have heard some may say that “someday no one will value gold, so it does not matter.” Not only do we have almost 5000 years of data to show that has never occurred, but there is literally nothing on the planet earth in accessible quantities with gold’s physical properties that can replace that utility.

In a recent Twitter exchange someone said to Jim Rickards, “Jim, AI systems won’t be using gold,” and he answered back, “Gold won’t be using the power grid.” This a humorous way to make the point, but I would even take it a step further than saying gold is not just good money, it is the only form of money that is completely resistant to financial entropy. By financial entropy I mean that every other thing one can hold or invest money in requires human effort and interaction in some way or another to maintain. Bitcoin requires electricity, the internet, computers, developers, miners. Companies and fiat-issued currencies require human force of will to maintain. Stocks, bonds, and commodities all will erode over time without effort to the contrary. All of these require human will and interaction to resist the forces of entropy, otherwise they slowly self-destruct over time. The only thing that doesn’t do that as far as I know is gold

A little challenge if you will humor me: Can you think of any form of storing wealth, whether it be an investment in stocks, bonds, companies, real estate, Bitcoin or anything, that is not subject to entropy (self destruction if left alone) over time?

Finally, gold remains a critical base component of the entire global financial system. The entire above ground global stock of gold is worth approximately $7.5 Trillion in US Dollar terms, while all crypto is coming in at approx $300 Billion (grant me some leeway here, the price is moving faster than a flaming marmot).

Central banks do not hoard coffee, sugar, copper, or Bitcoin, but they do hoard gold. The US Central Intelligence Agency classifies gold as a reserve asset. ( cia.gov/library/public… ) So do top level institutions such as the IMF. At the highest levels, financial elites who manage our global financial structure know the truth of this, and you can find it buried in the details, even if they deny it in public. Watch the commentary of former Central Bank Governor’s regarding gold after they leave office for clues. More or less, they acknowledge gold is the emergency reset button if fiat loses confidence.

Crypto-currency is not gold, and can never replace the indestructibility of gold, but the two can work side by side in a new global paradigm of financial freedom and independence.

You can’t Confiscate crypto but you can confiscate gold

While partially true, this does not take into account the fact that at every point where crypto touches the fiat eco-system, it is subject to government confiscation.

Politicians figured out almost a decade ago that by controlling the chokepoints (see FATCA) such as banks, exchanges, and financial intermediaries, they are able to control the global financial system.

Crypto was designed to circumvent this, but the vast majority of the trading volume in Bitcoin is arguably for speculation. Until crypto is adopted for commercial exchange as its primary function, then touchpoints to the fiat ecosystem are a requirement. That’s called a chokepoint.

This is already in play. Check out S.1241. If this bill passes, Title 31 will redefine financial institutions to include issuers or exchangers of crypto, and they aren’t writing these new laws solely for the laughs. This is foundational law that will empower financial regulators to directly attack crypto users at key fiat-system chokepoints. Many regulations are already on the books which grant regulators authority to do this even if S.1241 fails. If you think that is conspiracy, I recommend “Treasury’s War” by Juan Zarate. Using such chokepoints is not only a matter of fact, it is a standard tool in the modern sovereign financial warfare arsenal.

Like gold, crypto can survive 100% off the grid, meaning that if it is stored and used completely apart from touching the fiat ecosystem it cannot be confiscated, but to assume its current use value is somehow immune to confiscation at any level is naive at best.

You are too dumb to understand the technology — people don’t ride around on horses anymore dude

For those of you doing it, please stop taking this position. It is not a logical argument. It also alienates the people you are trying to convince, and is not bringing more people over to crypto.

16 years in IT, and I am still a bit of a nerd when it comes to technology. I managed wide area networks, ran datacenters, etc. Today I ordered the parts for a 12 GPU mining rig I intend to build as science project and Christmas gift to me. I have read a half dozen books and dozens of articles and whitepapers on blockchain and distributed ledger technology. I am not a cryptographer, but I get it.

Most other common memes of crypto vs gold revolve around faith based arguments

These vary widely, but range from “we will soon mine asteroids and gold will become worthless”, to “when fiat fails it is crypto’s destiny to take over the smouldering remains of our financial system”….like… in accordance with the prophecy. To be fair, I know plenty of folks who think that is a role destined for gold, but saying that doesn’t make it a fact.

I have heard the argument of mining asteroids so many times it is becoming like the sand in your shorts at the beach. It is not relevant, but you still have to go rinse it out to avoid chafing. This flying unicorn idea has zero credibility because it defies basic physics. Launching spacecraft isn’t free, nor is anything else about this idea. There are cost inputs to all resource extraction activity which requires a market price to support, or it simply isn’t economic to do. Just ask the frackers.

Real Challenges Facing Crypto

I am not going to deep dive these issues, you can find ample data to support these concepts without extraneous effort.

  • Not yet proven able to withstand substantial liquidity events. The first time a hedge fund bails out of Bitcoin to the tune of a hundred million usd, we will find out how deep this rabbit hole really goes.
  • Automated Wash trading on some of the worlds largest exchanges. There are videos available which show automated wash trades occurring on one of the world’s largest crypto exchanges. For those of you not familiar with wash trades, they are pairs trades where buys happen to precisely match offer’s and intentionally trend the price higher. I don’t claim to know if these are legitimate, but they sure look that way.
  • The entire tech stack is riddled with single points of failure, and technical chokepoints subject to interference by political elites. As with most man-made systems, there are choke points. Routers DNS TCP/IP Packet level inspection culling, etc. There are ways to circumvent most of what may be thrown at crypto on these levels, but the average person has no idea how to use them, and may react adversely when they are employed.
  • Community consensus driving policy changes. I admit I am no expert on how this works, but the idea of the community deciding policy sort of short circuits the idea of this thing being driven completely by math and not depending on humans for trust.
  • Hacking. The theft of crypto from exchanges, mining pools, and wallets is becoming common. The average person is not technically literate enough to secure their crypto, and this needs a solution.
  • The need for more robust infrastructure. Blockchain transaction clearing vs current transactional infrastructure such as visa is not even in the same ballpark yet. There is currently a backlog of 106478 unconfirmed transactions on the BTC blockchain. (See the number as of this instant here https://blockchain.info/unconfirmed-transactions ) . Key exchanges are a limiting and centralized potential point of failure. During periods of heavy trade volume, the largest exchanges are down and or error 404 for extended (days) periods of time.
  • The Dawn of Quantum Computing. Quantum computing, if claims are to be believed, has the potential to make all existing cryptography obsolete.

    Twitter conversation:

Koos Jansen [gold]
@KoosJansen
Replying to @alexstanczyk @sujitnambath

Some say BTC can survive quantum (if there’s time), others say Ethereum will be quantum-proof, yet others say there is already resistant Distributed Ledger Technology.

Alex Stanczyk
@alexstanczyk
Replying to @KoosJansen @sujitnambath
Yes, but to outrun the theoretical speeds of these Quantum computers, crypto keys would have to be massive. I read one article claiming like 1 terabyte, or larger. Try storing that on a thumb drive.

And finally,

“There is only one Lord of the Ring, only one who can bend it to his will. And he does not share power.” -Gandalf

The biggest risk to the success of crypto as free market money owned by the people is entrenched political and financial elites. There is a non-zero probability that political elites will simply get together, declare crypto currency illegal, and issue their own blockchain based (non distributed) cryptocurrencies which they declare to be fiat. People may be able to use crypto as a black market (see illegal) means of exchange after that, but the powers that be will do their best to make their lives hell.

I had a brief exchange with the well known Founder & CIO of Morgan Creek Capital Management Mark Yusko, that went:

Mark: “They banned alcohol and made drugs illegal and that worked really well”

Me: “To be fair, alcohol and drugs were never a threat to the gov sovereign control of the financial lives of billions of their subjects. We may all be well served if we do not underestimate the lengths gov may go to in order to retain control of the money we use.”

Mark: Twitter Like

For Years The Answer Was Always Gold

For a decade I have believed that the only way to collectively extract ourselves from this systemically corrupt morass of modern financial slavery, was to go back to an honest form of money. Coming from a gold background, and having studied monetary history, the answer to me was obviously gold.

At the end of the day, when it comes to money the common thread throughout all of human history has been confidence in mutually agreed future value — whether the money was shells, wood sticks, 4 ton wheels of stone — the people using it agreed it had value, and the asset with the 5000 year track record is gold.

So I marked time, waiting for the day that the masses would come to the conclusion that we are being collectively screwed. Only it never happened. The average person has not at any point been consciously aware of how central banks and fractional reserve banking systems extract their wealth, and maybe only vaguely aware that the political parasite has gorged itself on the people to the point where it is killing the host.

Something had to change, and gold still wasn’t teaching people the way out.

Enter The Mother Of All Bubbles Large and Small (MOABLS)

Bitcoin passed the $1000 per Bitcoin mark in the first part of the year. It seemed obvious to me, and to many others not heavily vested in Bitcoin, that it was showing all the signs of a classic bubble.

Bartenders were bragging about being crypto investors. Strippers in Denny’s parking lots were giving Bitcoin investing tips. Conversation at Thanksgiving Dinner became Grandpa asking grandson how to invest in “this Bitcoin thing”. The leading Cryptocurrency exchange in the USA exploded with new accounts, adding hundreds of thousands of new users per day, eventually exceeding the number of brokerage accounts held by Schwab and Etrade.

By early December of 2017, Bitcoin had gone as high as BTC/USD $19,000 in intraday trading on GDAX. Not only was this absolutely meteorically mind numbingly bubble red flag territory to anyone looking at the space without a choker chain of confirmation bias, but may turn out to be the biggest bubble in percentage and time terms of any bubble in all of recorded human history.

Some advocates claim that the USD price of Bitcoin is a result of its value derived from use as a superior medium of exchange. But is this really true? Instead of charting the price, it might be informative to chart transaction volume for commercial use isolated from speculative buying. That is the data I really want to see.

No, I knew with every fiber of my being that this thing was a bubble of cosmic proportions. I knew it had to crash and burn, and that it was going to happen any moment. Woe be it to the industry when regulators came to the rescue of all the crying grandma’s who lost their money.

But what if this was no ordinary bubble

Unlike the Tulip Mania, the South Seas bubble, or many of history’s many mania’s, this one is uniquely different in one important way.

Cryptocurrency, as a bubble, is serving an incredibly rare and important purpose. For the first time in over a hundred years, there is now a discussion going on with average people about what money really is, and what we want it to be. It is causing people to examine our financial system in ways that people normally never would. The typical person carries on each day with nary a thought to how our monetary system is constructed. If you were to ask 1000 random people if they knew when the Federal Reserve System was created, who owns it, and what it really does I would be surprised if one in a thousand could tell you.

For people to cross this threshold of once again examining what we use as the basis for all economic activity, it could be the single most important influence of the entire cryptocurrency phenomenon.

Do I think Bitcoin is in a bubble? Yes, absolutely. I think there is a high likelihood we are not done seeing huge corrections in the BTC/USD price. But I also think it this does not end there.

It seems likely to me that Bitcoin and the entire cryptocurrency eco system has a ways to go before it is all grown up. The next major scare will likely send much of the grandma capital fleeing the space, with attendant repercussions from regulators.

But what will come after, may not be just another burst bubble. What will come after, I hope, is an awareness that we need to examine what our money is. That we will begin to consciously consider whether printing endless amounts of fiat currency that flows into the hands of the financial elite, widening the wealth gap and sowing the fields for future crisis is a good thing or not.

It seems we are on the cusp of a once in a millenia chance to discuss and think about what free and honest money is. A chance, that peoples labor could once again, just maybe, be their own.

Crypto’s ascendancy will hopefully serve as a wake up call. Perhaps, there is room in the future for a global decentralized system that is owned by the people, where transactions transit the globe at the speed of light, unshackled from the entrenched financial edifice, where gold too plays a role as an indestructible hedge for storing wealth. This may be the opportunity to bring awareness and discourse to what our money is, and what it is to become.

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Shekel (SKL): Apa yang Harus Anda Ketahui

Shekel Labs mendadak mengumumkan kripto-nya di dalam forum Bitcoin Talk secara menggila. Tapi, inovasi apa yang Shekel bawa ke dunia mata uang kripto? Aku akan menjelaskannya.


Peer to Peer Electronic Cash

Apa itu Shekel (SKL)?

  • Berikut adalah pengumuman proyek di Bitcoin Talk.
  • Inilah situs proyeknya.

Dari situs proyek:

  • Shekel adalah sistem uang elektronik peer-to-peer yang sepenuhnya terdesentralisasi, tanpa bank sentral atau pihak ketiga yang terlibat.

Inovasi apa yang akan dibawa Shekel ke dunia kripto?

Dari tagline proyek:

  • Shekel adalah tentang menciptakan adopsi, dan tidak menunggunya.

Proyek ini menarik perhatian banyak penggemar mata uang kripto oleh deskripsi tagline yang sangat menarik dimana perusahaan tersebut mengatakan:

"Pikirkan sebuah negara baru, Anda memilih mata uangnya, lalu Anda membangun segala sesuatu di sekitarnya."

Dapatkah saya menambang Shekel (SKL)?

  • Menurut Shekel Labs, koin itu akan ditambang setelah dompet dirilis untuk distribusi token dari Pre-ICO, dan ICO.

Kapan Pre-ICO, dan ICO berlangsung?

  • Shekel Labs Pre-ICO dimulai hari ini 12/07/2017 jam 8:00 PST
  • Akan ada 10 juta token yang terjual antara Pre-ICO, dan ICO
  • Koinnya hanya $ 0,10 masing-masing, dan telah mengumpulkan $ 1.000 pada menit pertama peluncuran Pre-ICO

Kesimpulan

Shekel (SKL) adalah proyek baru yang menjanjikan, yang memang berbeda dari setiap proyek lainnya karena proyek tipikal ini menunggu adopsi, sementara Shekel di sisi lain menciptakannya. Dengan melakukan itu, ini lebih dari sekedar koin, ini adalah keseluruhan ekosistem terdesentralisasi.

Shekel (SKL): Apa yang Harus Anda Ketahui

Shekel Labs mendadak mengumumkan kripto-nya di dalam forum Bitcoin Talk secara menggila. Tapi, inovasi apa yang Shekel bawa ke dunia mata uang kripto? Aku akan menjelaskannya.


Peer to Peer Electronic Cash

Apa itu Shekel (SKL)?

  • Berikut adalah pengumuman proyek di Bitcoin Talk.
  • Inilah situs proyeknya.

Dari situs proyek:

  • Shekel adalah sistem uang elektronik peer-to-peer yang sepenuhnya terdesentralisasi, tanpa bank sentral atau pihak ketiga yang terlibat.

Inovasi apa yang akan dibawa Shekel ke dunia kripto?

Dari tagline proyek:

  • Shekel adalah tentang menciptakan adopsi, dan tidak menunggunya.

Proyek ini menarik perhatian banyak penggemar mata uang kripto oleh deskripsi tagline yang sangat menarik dimana perusahaan tersebut mengatakan:

"Pikirkan sebuah negara baru, Anda memilih mata uangnya, lalu Anda membangun segala sesuatu di sekitarnya."

Dapatkah saya menambang Shekel (SKL)?

  • Menurut Shekel Labs, koin itu akan ditambang setelah dompet dirilis untuk distribusi token dari Pre-ICO, dan ICO.

Kapan Pre-ICO, dan ICO berlangsung?

  • Shekel Labs Pre-ICO dimulai hari ini 12/07/2017 jam 8:00 PST
  • Akan ada 10 juta token yang terjual antara Pre-ICO, dan ICO
  • Koinnya hanya $ 0,10 masing-masing, dan telah mengumpulkan $ 1.000 pada menit pertama peluncuran Pre-ICO

Kesimpulan

Shekel (SKL) adalah proyek baru yang menjanjikan, yang memang berbeda dari setiap proyek lainnya karena proyek tipikal ini menunggu adopsi, sementara Shekel di sisi lain menciptakannya. Dengan melakukan itu, ini lebih dari sekedar koin, ini adalah keseluruhan ekosistem terdesentralisasi.

Did we forget about the shoe shine boy?

Let us take a brief step back in time to the 1920s, when there was no regulation on Wall Street and stocks soared on wild speculation. Days before the crash of 1929, Joe Kennedy sold his entire portfolio. How did Joe Kennedy know the stock market was going to crash? In his own words, when the shoe shine boys are giving you tips, “the stock market is too popular for its own good.”

My friends, the shoe shine boys are telling us to buy Bitcoin. Your coworkers, your high school friends, your physical trainer, everyone is invested in Bitcoin or some form of Cryptocurrency, and everyone can justify their investment. With the unbelievable growth in the price of Bitcoin it is hard to argue against investing in it, except for the fact that the growth is driven off speculation, and not the promising Blockchain Technology at its core.

They say history is doomed to repeat itself, and in Bitcoin I see the all too many similarities of the unregulated and speculation driven stock market of the 1920s. The price of Bitcoin dictated by rampant speculation from the “common man” foretells its inevitable crash.



Did we forget about the shoe shine boy? was originally published in The Inevitable Crash of Bitcoin on Medium, where people are continuing the conversation by highlighting and responding to this story.

Arbidex is here to disrupt cryptocurrency exchange market

Arbidex is here to disrupt cryptocurrency exchange market

Cryptocurrency and blockchain in 2017 are like a crystal ball: everyone from slack entrepreneurs to corporate giants seems to look into it and see their future business model. If we are to turn to the numbers for cryptocurrency market growth, we have this: in one year the whole industry capitalization exploded from 13 to 300 billion US dollars. Mind-blowing, huh?

But with this exponential growth, cryptocurrency exchange market is still in its infancy and presents a perfect storm for disruption. One of the most common trading instruments is an exchange arbitrage, but the ecosystem now is not providing any user-friendly tools for a trader to apply actually. Hence, a regular trader has to make at least two moves from one crypto exchange to another: first, to buy crypto at one exchange, transfer it to another and then sell it there at a higher rate. And remember there are commissions that every exchange charges, and time and resources that a trader spends on this set of operations. A newbie trader would be facing even more difficulties. Opportunities for an arbitrage appear on-the-spot when you need to quickly assess the situation, calculate the profitability of the strategy, make a series of buying-selling transactions and then build an adequate clearing strategy. Crypto-traders are in drastic need of a solid solution to address all the issues they are facing now that will provide sufficient liquidity with an option to display consolidated data and graphs from multiple exchanges in a single professional interface, thus providing a user-friendly framework for exchange arbitrage.

Unlike many other overhyped blockchain projects, the team behind Arbidex already has an operating platform with a set of technical tools for an exchange arbitrage that is interacting with several cryptocurrency exchanges accumulating about 10 million US dollars in deposits. Technical architecture and the efficiency of arbitration strategy were tested over the 4-month period by the team with their own deposits. Arbidex aspires to minimize trading risks by accumulating liquidity from all major cryptocurrency exchanges and completely automize the arbitration process for the user. Here’s an explanation of how it works. A trader signs up to the platform to start handling transactions with any amount he wants. Deploying a search algorithm for the most favourable exchange rates through multiple exchanges, the platform brings about the opportunity to buy cryptocurrency at a lower rate and sell at a higher rate. Also, trading risks will be insured by shifting them to Arbidex platform.

There are a few cool things about Arbidex. First, it’s built on Ethereum blockchain, which makes it easy and safe to make every cryptocurrency exchange iteration. All the transaction will be stored in a distributed ledger to provide complete transparency for all the stakeholders and verify the profits of the platform. Decentralization here will allow any user to make a cryptocurrency transaction at the most favourable rate. By virtue of integrated automation, a human factor will be completely excluded when making exchange transactions. Each and every exchange transaction will be stored in the blockchain; hence profitability of each transaction will be fixed in the ledger. Distribution of platform commissions will be absolutely transparent too. A portion of commissions will be sent to a common pool that can be distributed among all token holders. Thus, a token holder will be making profits on exchange transactions with an option to get his portion of the platform’s earnings.

Arbidex ICO kicks off on December 11 at 1 pm UTC. The team is looking to raise some funds through an ICO to draw massive audiences and capital to the platform and to get more exposure on the market. The product is already designed and technically executed to maintain liquidity and successful arbitrage strategies.

Deep Points Confusion For Newbies

Lately I have been seeing many of the newbies confusingly asking many different questions about Deep Points and how they are calculated etc on different sections and on different threads too. So, I am going to give my study of how Deep Points work (Please correct me if I am wrong).

I am also a newbie but I am going to share what I have studied and researched.

First of all, keep this in mind that there are total two Airdops.

1, Bitcoin Talk (A forum like this) Airdrop which is done on every Friday since 20 weeks and it will go on till 40 weeks. Most of the newbies cannot participate in this Airdrop because of some requirements like active Jr.Member account on Bitcoin Talk and 100 Onions in the wallet etc. So, this one is not for the most of the newbies.

2, Deep Points Airdrop. Any person who join this community and accumulate some Deep Points will be participating in the Airdrop and will be rewarded. This Airdrop is done on every Sunday since 20 weeks and will go on till 40 weeks, same as the BCT (Bitcoin Talk) Airdrop.

Clear? Good. Now the most asked question that how Deep Points are calculated? What is the value of 1 Deep Point? How much Onions will I get for this much Deep Points etc.

For the calculation of the Deep Points keep in mind the value of the total Onions to be distributed on the Deep Points Airdrop is 25,000 Onions weekly. Then, this total number of the Onions is divided with the number of total Deep Points accumulated. This is mostly done by Deeper on Sunday when the Airdrop is about to happen. Before that nobody can accurately tell you how much Onions you will get. All the answers like multiply your Deep Points with 1500 or 2000 are all false an inaccurate answers.

On Sunday, when Airdrop is about to happen there is a thread made by Deeper where you see the total Deep Points accumulated by the community.

For example:
15 Deep Points are accumulated by the whole community (like 0.01 from you, 0.06 from another member etc)

Then, we will divide the total number of Onions to be distributed that is 25,000 with the total number to Deep Points accumulated

25,000 / 15 = 1666.66

Then multiply your Deep Points with this number for example you had 0.05 Deep Points till Sunday

0.05 X 1666.66 = 83.3 Onions

You will get approx 83.3 Onions in your wallet.

Two other facts:

You don’t need to do or submit any thing in order to get the Airdrop on Sunday. Just be active in the forum and follow the rules. You will get your part on Sunday.

Don’t worry every Sunday Deep Points are reset and the new week starts.

That’s all for now. Maybe I was wrong at some points. Any corrections from Seniors will be highly appreciated. I hope this answers to all the confusions of Newbies.

Crypto20 ICO Opportunity

As it stands there are 19 hours left in the C20 token sale and investors are presented with a unique opportunity to enjoy flip returns along with potential hodl returns.

How is a token tied to a ‘stable’ index fund flippable? More value than just an index fund?

The reason I say C20 is flippable is because it differs heavily, in a good way, from your standard index fund. With your average index fund you would throw say $1000 at it and the fund would then take that money to re-balance portfolios and grow the fund size.

However in the case of C20, when that ICO timer reaches zero contributions will cease and the fund will never accept new contributions. Instead opting to simply let the fund ‘sit and grow’. This means that anytime an investor cashes out their C20 they will be taking tokens out of circulation. And until another competing index fund emerges (quite likely), any investor craving such an offer will need to purchase tokens from users directly off of the exchanges.

What we will get is a situation where the tokens base price is tied to the assets, and its value is allowed to run up above the underlying assets due to its current monopoly on the index fund market. Obviously this will all come undone when another competing index fund offers its’ services (assuming they are better or comparable) and new investors choose to invest their instead of paying a premium.

Looking back this section covers a bit more than just flipping, so I altered the title to suit.

But won’t this mean I have to wait for the fund to start performing before taking profits?

The only time restriction before you could feasibly take a nice amount of profits is the time before trading is enabled (according to devs this will happen in December or early January, I believe they’re locked due to audits and security).

As soon as trading and buybacks are unlocked you will be able to trade back to your original investing currency most likely at a profit. This is because the presale marines locked up their 90c token prices a month ago and since then the market bull run has cause the funds value (measured through NAV) to peak at $1.30. So essentially main sale participants will buy $1.30 worth of assets for $1.10, now this has of course been reduced due to the market correction we experienced but the principles should remain.

If at the closing time of the ICO the NAV exceeds the buy in price by a decent enough margin (minimum 5c) you will be rewarded with much more bang for your buck. Consider it a ~5% bonus except the token you’re buying is tied directly to real assets.

My Concerns and What Could Go Wrong

While the fundamentals are very strong and I believe in C20 as a solid investment there are a few points of concern to be noted:

  1. If crypto crashes your funds are stuck in an ICO.

While this is true for all ICOs, an ICO that is tied directly to market performance is much, much more perceptible to market swings.

2. You have to trust the individuals running the ICO.

This is true for every ICO, but still is the main weakness in this project if I were to place one. All the individuals involved seem to have reputable LinkedIn projects, but due diligence is highly advised.

False concerns

One concern may be that the token price will remain parallel on the exchanges, or may even drop below. This is unlikely as, should it happen, every man and his dog will want to buy those tokens and go trade them in. When they get traded in the C20 token will be removed from circulation and thus it will push up scarcity and price.

I predict after the first month we will see very few tokens burnt as they should be selling for premiums on the exchanges.

Note: I will edit for grammar later, this was rushed. Sorry.

PS: I don’t know if this is really necessary, seeing as all my calls are gold, but — this is not financial advice, utilize your own brain power before acquiring your bags.