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🔥🔥🔥bitseven.comIt’s a mixed start to the day, with direction from late Monday dictating the moves early in the day. Holding on to key levels this morning will be key.
https://i.redd.it/5ek3yv7y53r11.png
Bitcoin Cash gained 2.09% on Monday, following on from Sunday’s 2.33% rise, to end the day at $532.1.
A relatively range bound start to the day saw Bitcoin Cash pullback to a mid-morning intraday low $518.85 before a broad based market rally kicked in, the day’s low holding well above the first major support level at $509.33.
The 2nd half of a day rally saw Bitcoin Cash break through the first major resistance level at $533.53 to an intraday high $536.1 before easing back in the final hours.
At the time of writing, Bitcoin Cash was down 0.32% to $530.3, with Monday’s late pullback continuing into the early hours of the morning.
For the day ahead, holding on to $530 levels would support a move through a start of a day morning high $532.1 to take a run at Monday’s high $536.1 to bring the first major resistance level at $539.3 into play, while Bitcoin Cash will likely fall short of the second major resistance level at $546.5, with Bitcoin Cash likely to face plenty of resistance in any break through to $540 levels.
Failure to hold on to $530 levels through the morning could see Bitcoin Cash fall through to $528 levels, with the day’s first major support level at $521.7 very much in play in the event of a reversal, while we would expect Bitcoin Cash to steer clear of sub-$520 levels barring materially negative news hitting the wires.
Litecoin gained 2.33% on Monday, following on from Sunday’s 0.35% gain, to end the day at $59.25.
Mirroring the broader market, Litecoin eased back to a mid-morning intraday low $57.36 before a mid-day rally kicked in, with Litecoin breaking through the first major resistance level at $58.47 and second major resistance level at $59.03 to hit an intraday high $59.79 before easing back, the day’s major support levels left untested.
At the time of writing, Litecoin was up 0.1% to $59.3, with upward momentum in the final hour of Monday continuing into the start of the day.
For the day ahead, a hold on to $59 levels would support a run through Monday’s intraday high $59.79 to bring $60 levels and the day’s first major resistance level at $60.24 into play, with any improved sentiment across the broader market likely to support a run at $61 levels before any pullback.
Failure to hold on to $59 levels could see Litecoin slide through $58.8 to bring sub-$58 levels and the day’s first major support level at $57.81 into play, which should limit Litecoin’s losses for the day, sub-$57 support levels unlikely to be tested barring materially negative news hitting the wires.
Ripple’s XRP gained 2.1% on Monday, reversing Sunday’s 0.89% fall, to end the day at $0.49287.
It was a mixed day for Ripple’s XRP, which slid to a late morning intraday low $0.47924, before the broad based cryptomarket rally delivered some respite for the struggling crypto, the morning low seeing Ripple’s XRP steer clear of the first major support level at $0.4711. Ripple’s XRP rallied through the late morning to an intraday high $0.50203 before easing back. The late morning moves saw Ripple’s XRP break through the first major resistance level at $0.4943, while falling short of the 38.2% FIB Retracement Level of $0.5225.
At the time of writing, Ripple’s XRP was down 0.58% to $0.49041, with Monday’s late pullback continuing into the early hours of this morning, Ripple’s XRP easing from a start of a day high $0.49365 to a low $0.49 before steadying.
For the day ahead, a move back through the morning high $0.49365 would support a run at $0.50 levels and the day’s first major resistance level at $0.5035, while we can expect Ripple’s XRP to continue to face plenty of resistance that will limit any upward momentum through the day, $0.51 levels likely to be out of reach.
Failure to move back through the morning high could see Ripple’s XRP pullback to $0.48 levels to bring the first major support level at $0.4807 into play, with a slide to call on sub-$0.47 support levels dependent upon direction across the broader market and the news wires through the day, last week’s losses leaving Ripple’s XRP more sensitive to market sentiment and the news wires than some of the other majors.
💰💰💰bitseven.comBitcoin leveraged trade at 100x leverage maximum, 100% profit at 1% price raise
Make a profit whether the bitcoin price rises or falls
BITCOIN LEVERAGE TRADING YOU CAN TRUST
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Gatecoin is a fast-growing fintech startup focused on the rapidly evolving blockchain ecosystem in the heart of the dynamic Asia-Pacific region. We are on the lookout for an experienced, creative and enthusiastic Marketing Manager with a strong interest in bitcoin and blockchain applications to help us raise the visibility and reputation of our cryptocurrency exchange platform.
Key Responsibilities: ● Develop and drive the firm’s global marketing strategy with a focus on Asia and Europe ● Manage a range of activities and projects across the entire marketing spectrum including the firm’s content channels, media and community engagement, advertising and event participation ● Monitor and optimize marketing performance through industry-leading analytics and reporting software ● Oversee deliverables and achievements of the marketing team, in particular, provide training and mentorship to junior team members ● Supervise editorial calendar and standards for all content channels, directly editing and writing English language copy for important content initiatives
Apply here: https://crypto.jobs/jobs/marketing-director-at-gatecoin
Gatecoin is a fast-growing fintech startup focused on the rapidly evolving blockchain ecosystem in the heart of the dynamic Asia-Pacific region. We are on the lookout for an experienced, creative and enthusiastic Marketing Manager with a strong interest in bitcoin and blockchain applications to help us raise the visibility and reputation of our cryptocurrency exchange platform.
Key Responsibilities: ● Develop and drive the firm’s global marketing strategy with a focus on Asia and Europe ● Manage a range of activities and projects across the entire marketing spectrum including the firm’s content channels, media and community engagement, advertising and event participation ● Monitor and optimize marketing performance through industry-leading analytics and reporting software ● Oversee deliverables and achievements of the marketing team, in particular, provide training and mentorship to junior team members ● Supervise editorial calendar and standards for all content channels, directly editing and writing English language copy for important content initiatives Apply here: https://crypto.jobs/jobs/marketing-director-at-gatecoin
Gatecoin is a fast-growing fintech startup focused on the rapidly evolving blockchain ecosystem in the heart of the dynamic Asia-Pacific region. We are on the lookout for an experienced, creative and enthusiastic Marketing Manager with a strong interest in bitcoin and blockchain applications to help us raise the visibility and reputation of our cryptocurrency exchange platform.
Key Responsibilities: ● Develop and drive the firm’s global marketing strategy with a focus on Asia and Europe ● Manage a range of activities and projects across the entire marketing spectrum including the firm’s content channels, media and community engagement, advertising and event participation ● Monitor and optimize marketing performance through industry-leading analytics and reporting software ● Oversee deliverables and achievements of the marketing team, in particular, provide training and mentorship to junior team members ● Supervise editorial calendar and standards for all content channels, directly editing and writing English language copy for important content initiatives Apply here: https://crypto.jobs/jobs/marketing-director-at-gatecoin
Gatecoin is a fast-growing fintech startup focused on the rapidly evolving blockchain ecosystem in the heart of the dynamic Asia-Pacific region. We are on the lookout for an experienced, creative and enthusiastic Marketing Manager with a strong interest in bitcoin and blockchain applications to help us raise the visibility and reputation of our cryptocurrency exchange platform.
Key Responsibilities: ● Develop and drive the firm’s global marketing strategy with a focus on Asia and Europe ● Manage a range of activities and projects across the entire marketing spectrum including the firm’s content channels, media and community engagement, advertising and event participation ● Monitor and optimize marketing performance through industry-leading analytics and reporting software ● Oversee deliverables and achievements of the marketing team, in particular, provide training and mentorship to junior team members ● Supervise editorial calendar and standards for all content channels, directly editing and writing English language copy for important content initiatives Apply here: https://crypto.jobs/jobs/marketing-director-at-gatecoin
Gatecoin is a fast-growing fintech startup focused on the rapidly evolving blockchain ecosystem in the heart of the dynamic Asia-Pacific region. We are on the lookout for an experienced, creative and enthusiastic Marketing Manager with a strong interest in bitcoin and blockchain applications to help us raise the visibility and reputation of our cryptocurrency exchange platform.
Key Responsibilities: ● Develop and drive the firm’s global marketing strategy with a focus on Asia and Europe ● Manage a range of activities and projects across the entire marketing spectrum including the firm’s content channels, media and community engagement, advertising and event participation ● Monitor and optimize marketing performance through industry-leading analytics and reporting software ● Oversee deliverables and achievements of the marketing team, in particular, provide training and mentorship to junior team members ● Supervise editorial calendar and standards for all content channels, directly editing and writing English language copy for important content initiatives Apply here: https://crypto.jobs/jobs/marketing-director-at-gatecoin
https://i.redd.it/a6uyh35h33r11.jpg
Hello Liskers,
We are 9up.io, a community driven group, we are so thrilled to see such a positive response from the Lisk community towards the Lisk Fiat Adoption Launch Party happened on 5th -Oct.
The event would not have been possible without the generous sponsors from Lisk Elite and Nitroswap. We must also thank our media coverage by CoinNewsHK, one of the Most popular crypto media group in Hong Kong. Last but not the least is definitely our warm and supportive Hong Kong Lisk Community!!
Before we go deeper into the content, let's recapture the night here at our aftermovie
https://www.youtube.com/watch?v=fRQasxDk16Q
And the medium coverage by CoinNewsHK
https://coinnewshk.com/news/lisk法幣派對-比特以太外的落地應用-競爭幣社群與atm業/
The big question that we had in mind was always, how to let more people know about Lisk?
What if you can buy Lisk from Bitcoin ATM?
This is where things started, and our first step is here.
Lisk can now be bought from supported General Bytes Bitcoin ATM!!
Any General Bytes Bitcoin ATM owners who decided to support Fiat-Lisk purchase will be able to have their Bitcoin ATM accepting cash for Lisk. We started with General Bytes Bitcoin ATM as it is the most widely used Bitcoin ATM in Hong Kong and can easily expand worldwide.
https://i.redd.it/00irmuw353r11.jpg
A celebration for this achievement and a perfect time for our local community to gather~
In order to facilitate the experience of buying Lisk from Bitcoin ATM (no knowing the Lisk Mobile Wallet will be released on the same date as the event), we decided to make something remarkable, something that can still function as a wallet.
There we created the Lisk Airdrop Starter Pack
https://i.redd.it/mfbju9bj53r11.jpg
What is Inside:
-Lisk ID
-Passphrase for the Lisk ID
-Instruction cards for setting up of a new Lisk ID
-General introduction of Lisk
The Lisk ID of each pack contains the Lisk Airdrop, with the Lisk ID being recorded for the lucky draw. The QR code allow users to experience buying Lisk from the Bitcoin ATM. Even if they are new to Lisk, they can learn to set up their Lisk ID with Lisk Hub to claim their airdrop.
For any future Lisk events, if you would like to have this type of airdrops starter packs, feel free to contact us, we are happy to try to see how we can come up with an arrangements~
The Lisk-Fiat Adoption Launch Party was amazing and a great success, the implement of Lisk purchase from Bitcoin ATM can now easily be use for the new Lisk Mobile Wallet application. However, this fiat adoption for Lisk is still just a baby step of a bigger thing for the whole community.
We hope to see you guys soon~
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Hello and welcome to the /r/helloicon subreddit! Please use this daily thread to discuss ICON/ICX related issues, ask questions, make suggestions, or voice your concerns. If your submission is simply a quick question or statement, let's do our best to keep the posts on the daily/weekly discussion thread to avoid cluttering any important information the subreddit.
If you're new here, please check out the following announcements links or refer to the sidebar for rules and FAQ before making a post.
ICON is a community-oriented project, so let's keep that in mind and focus on creating a welcoming and engaging subreddit environment. Remember to follow the subreddit rules and guidelines. Any personal attacks, bigotry, and harassment will not be tolerated and will result in a ban. Spammers will be banned and blacklisted.
Let's focus on the positives and help make this subreddit a more connected community that shows respect and understanding for each other. There will be new users to the community, so if their questions comes from a good place, help each other out so we can be a community that is warm and welcoming to people who are interested in the ICON project.
Major Announcements & Updates:
Remember the ICON team will NEVER ask for your ICX/ETH/BTC or individual private keys!
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First, I got this pic from my good friend that lives in Telluride. Winter is here!!
Secondly, after 6 years of "we need to get to the hole" I've finally got my ski buddies coming out the first week in March. We're there for 5 or 6 days (pending a day at GT) but there appears to be more and more terrain that I don't want us to miss. None of the 3 guys currently going has been there before. Does the resort offer or are there any local guys that will guide into the don't miss areas? We have bitcoin and also offer food and drink as bonus bribes.
Lastly, what areas do you guys suggest? What can we ski? We're all capable skiers from the East Coast and get 5-10+ days a year in Western mountains and many more out here. There hasn't been much, if any, that we've refused to ski, always on resorts though, with trips to Aspens, Telluride, Banff, Whistler, Breckenridge area, etc. I don't want to die and I haven't yet but it doesn't hurt to be safe.
Super stoked for 13 days in the mountains this year but extremely jealous of 90% of people reading this. Hope you have a great season and thanks ahead for any/all responses!
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Due to the PoS and distributed nature of both Kernel and Domain Nodes, and enforcement by Intel SGX, the keys are almost guaranteed to be safe from leaks.
Because of the highly distributed key duplication and secret sharing mechanism, the encrypted private keys are also guaranteed to be safe from loss.
Ideally, each asset should have many different distributed domains, these domains are governed by the Kernel and securely enforced by Intel SGX.
The associated keys can only be accessed from where they were generated in the Domain, further improving the degree of protection.
The Kernel will balance the assets in different Domains constantly to further prevent the asset loss in the event of an almost impossible private key leak or loss in different domains.
We will prove that Mixin is safe for digital assets against different possible attack vectors. To simplify the explanation, only Bitcoin will be used as a sample.
Latest Bitcoin News:
Bitcoin Mining Profitability Declines Despite Increase in Revenue
Other Related Bitcoin Topics:
Bitcoin Price | Blockchain | ICOs
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.
It’s been a week since the previous dev status update, and, as we promised last time, we would like to keep our community posted weekly, so here is another update on GRAFT development status.
Last week we continued working on RTA implementation in several directions including fixing bugs discovered during alpha testing, implementing the full automated test suite, preparing a new supernode release, and continuing working on stability of the communication protocol. The fixes include the bugs in initial seed connection, p2p logging, and storing of p2p state data. The automated test suite is built on python-based test framework and will allow to automate the regression and other QA tests.
The new supernode release for alpha testers will be available later this week. In addition, we are finalizing the supernode plugin framework which will be used for plugging extra apps such as exchange brokers into the supernode.
Speaking of exchange brokers and other components of GRAFT network ecosystem, we almost finished developing a live demo that showcases the payment flow on a hardware payment terminal. One of the main goals of GRAFT project is bringing crypto payments into the physical world of brick-and-mortar stores. Unlike most other projects in the area of crypto payments, we realize that the shortest way to adoption by brick-and-mortar retailers and service providers is using their existing hardware payment terminals (aka “pinpads”), because these terminals are already integrated with various point of sale systems. While there are only a few major payment terminal brands, there are hundreds if not thousands of types of point of sale applications they are connected to.
Hardware payment terminals can be loaded with additional software such as GRAFT payment app, without requiring retailers to purchase, test, certify, and maintain a new hardware in their stores. But how to showcase such an app online if it’s designed to run on particular hardware? Our payment application emulator is the first version of such a showcase application that will allow the demonstration of altcoin acceptance on a Verifone terminal using GRAFT network. The initial version of the emulator (see the screenshot below) will be released later this week and available for anyone to try a Bitcoin/GRAFT payment.
https://i.redd.it/k9dqt2yjn1r11.png
From the last week’s events, it’s also important to mention the following two things. First, the incentives for RTA supernodes. Although this is not directly related to development process, the additional rewards will help boost the RTA network once it’s released to public beta on the mainnet. Second, the patch fixing the code execution vulnerability which was “silently” released last Monday. The fix for this denial of service vulnerability is merged into master under 1.4.5 and can be downloaded and built by anyone running GRAFT network nodes (please do not confuse it with the previous “burning bug” patch 1.4.4 for exchanges that was released a few days before the last one).
See you next week! Happy GRAFTing!
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Welcome to our Weekly Discussion
Here you are free to discuss questions, have open debates, and talk about current events.
Some suggested topics based on current events:
Coinbase Application Submitted
New Webpage Launch with Coinswitch Integration
Interview On Bitcoin Private Development
Developer Bounties through Bountysource
BTCP Winning TopBTC Community Vote
BTCP on ZelTrez Multi-Asset Wallet
Trezor Firmware Update Support
Cointigo's Point of Sales Update
Rules for Discussion: No Trolling or FUD'ing, and please be respectful to others(No Personal Attacks).
For support issues: It's highly recommended for people to check out https://support.btcprivate.org for very up-to-date guides.
Links to Bitcoin Private's Telegram and Discord community can be found on the right side bar.
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Welcome to our Weekly Discussion
Here you are free to discuss questions, have open debates, and talk about current events.
Some suggested topics based on current events:
Coinbase Application Submitted
New Webpage Launch with Coinswitch Integration
Interview On Bitcoin Private Development
Developer Bounties through Bountysource
BTCP Winning TopBTC Community Vote
BTCP on ZelTrez Multi-Asset Wallet
Trezor Firmware Update Support
Cointigo's Point of Sales Update
Rules for Discussion: No Trolling or FUD'ing, and please be respectful to others(No Personal Attacks).
For support issues: It's highly recommended for people to check out https://support.btcprivate.org for very up-to-date guides.
Links to Bitcoin Private's Telegram and Discord community can be found on the right side bar.
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The following post by theochino is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/r/ Bitcoin/comments/9m9m8k
The original post's content was as follows:
Just realized that I posted the wrong date. It's NOVEMBER 8, 2018.
If you are in New Orleans next month, the Fifth Circuit of the United States Court of Appeals will hear arguments on the case against Randall Lord.
If you can make it, it's in Room 223 of the John Minor Wisdom United States Court of Appeals Building, 600 Camp Street, New Orleans.
https://web.archive.org/web/20181007225544/http://www.ca5.uscourts.gov/clerk/calendar/1811/15.htm
If you can make it, let me know replying to this tweet: r/https://twitter.com/TheoBitcoin/status/1049074995387912192
https://www.youtube.com/embed/9pX7IQ6UOVM
Added a meetup group link: Added this meetup group for those in Louisiana: https://www.meetup.com/AbolishTheBitlicense/events/255370121
Latest Bitcoin News:
The Ledger: Soulja Boys Bitcoin Millions, PwC Backs a Stablecoin, Tether Sinks Below $1
Other Related Bitcoin Topics:
Bitcoin Price | Blockchain | ICOs
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.
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The following post by theochino is being replicated because some comments within the post(but not the post itself) have been openly removed.
The original post can be found(in censored form) at this link:
np.reddit.com/r/ CryptoCurrency/comments/9m9mg7
The original post's content was as follows:
Just realized that I posted the wrong date. It's NOVEMBER 8, 2018.
If you are in New Orleans tomorrow, the Fifth Circuit of the United States Court of Appeals will hear arguments on the case against Randall Lord.
If you can make it, it's in Room 223 of the John Minor Wisdom United States Court of Appeals Building, 600 Camp Street, New Orleans.
https://web.archive.org/web/20181007225544/http://www.ca5.uscourts.gov/clerk/calendar/1811/15.htm
If you can make it, let me know replying to this tweet: r/https://twitter.com/TheoBitcoin/status/1049074995387912192
https://www.youtube.com/embed/9pX7IQ6UOVM
Added a Meetup group: Added this meetup group for those in Louisiana: https://www.meetup.com/AbolishTheBitlicense/events/255370121
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Dear all,
I presume that most of you here are invested in cryptocurrencies, including Smart Contract platforms designed to service dApps amongst other things. I am of course referring to the likes of Ethereum, Cardano, EOS, and the many others.
I also presume that, amongst the many reasons why cryptocurrencies are exciting to you, the one reason you care most about is their potential to rise in value. As markets develop and adoption spreads, the value of the coins is expected to boom.
No surprise, I am here for the exact same reasons... although some key questions do often scratch my mind:
- How are we supposed to value these coins?
- What would "success" or global adoption mean for their price?
- Does high usage automatically translate into high valuation?
To be honest, it has not been so clear to me.
Reading between the lines, these questions seem to be vastly ignored by most of the community and this is a real issue. Most market participants are young and/or unexperienced with regards to how financial markets work. This is fine so long that we can still get a good grasp of what investing in such and that project actually means.
Is anyone sure that increased adoption of a given coin will make us profit from it as coin holders and, if so, how? Are we only taking a view on adoption/use of a certain Blockchain technology we believe in, or is there a second layer of risk related to whether wide adoption would actually lead to much higher valuation of a given coin? Since we're all used to the stock market, our intuition would be to say "Yes, obviously!". Except that a cryptocurrency is not a stock.
Through this post I would like to encourage collective thinking and debate as I attempt to bring some clarity to these issues. My knowledge is surely not complete and so please feel free to add or correct me wherever is necessary. I am invested in quite a few projects myself, and I am thrilled, but I want to retain a critical mind and get answers. There should not be any taboo in questioning how it will all work, so please feel free to upvote as you see fit so that we get maximum audience. Also, make no mistake: if institutional investors cannot get a reasonable understanding of how these ecosystems should be valued, then they will NEVER come to the party in mass. So let's get on with it!
As mentioned, cryptocurrencies are completely different from regular company stocks. This is not a problem in itself, except that it emphasizes further the need to understand their new concept.
The value proposition of a stock in today's traditional economic system is as follows:
"A single share of a company represents a small, but real, ownership stake in a corporation. One stock's percentage of ownership is determined by dividing it by the total number of shares outstanding. While there are different types of stocks, stock ownership generally entitles the owner to corporate voting rights and to any dividends paid." (source: https://www.fool.com/investing/2018/05/13/the-definitive-guide-how-to-value-a-stock.aspx)
This means that stockholders are entitled to extract a share of the profits made by the company. This, in turn, incentivises stockholders to maximise profits. This broadly means that the company is on a mission: the mission to make as much money as possible for its stockholders.
Now, let's look at cryptocurrencies which are a completely different animal. Wikipedia states:
"A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets."
They are a medium of exchange then, and hence should be primarily correlated to supply and demand as opposed to the profits generated by the business ongoing. There is actually no profit per se in a Blockchain's economic system, and this is why we can avoid the heavy syphoning of value by stockholders.
Let's now look at various use cases of crypto platforms:
1) Cryptocurrencies used as a payment system such as Bitcoin: This one is pretty straightforward, if you can or should pay for goods and services with such currency, and if it proves to be a better form of money vs other means available, then demand will increase and make the price of the coin go up. The same applies to the "store of value" concept, if people see such coin as a store of value, then demand goes up and price goes up.
2) Cryptocurrencies used as Smart contracts platforms: here, the coin is necessary to use the network's capacity to process transactions. This can be the case for dApps, or for other activity related to tokenising, tracking and/or trading certain assets. It is to be noted that dApps would require, as far as I can tell, a lot more transactions per second than such other activities. Think of Facebook for instance, which processes more than 50,000 transactions per second with their centralized server.
In the first case, it is relatively easy to see why such successfully adopted currency and/or store of value would massively increase in price versus current valuations. If Bitcoin was globally adopted, it could reach a price in the area of USD 1m vs. USD 7k right now for instance. This case is clear.
In the second case, focused on Smart Contracts, I am inclined to think that the value of the coin would be primarily correlated to the need to hold some to spend it on network usage (e.g. to pay the fee associated with doing a transaction on the Ethereum platform). As we know, most platforms currently have limited capacity, meaning that any widely used dApps would congest an entire network instantly (see what happened with cryptokitties). Ethereum currently processes about 15 transactions per second when EOS has reached about 4,000 transactions per second, but this is still small compared to what is required if we want multiple, globally used dApps to operate on these systems one day.
This is why Smart Contract platforms are working on scalability, and it has been claimed that the goal is to reach 1 million transactions per second or more in the future through the use of various new technologies including side chains.
Here comes my dilema: if progress in scalability takes us from few thousands transactions per second right now to millions per second in a few years, I guess it means we can go to 10 or 20 million transactions per second not so long after that. Side chains and other piece of innovation will help for sure.
And here is the problem, what would happen to the fee you have to pay to the network the moment usage, even if huge/global, represents a small fraction of the platform's capacity?
These platforms operate in different ways. Let's use EOS as an exemple this time, holding 1% of the EOS tokens gives you access to 1% of the platform's ressources. As long as the ressources are scarce, you have to keep on buying the EOS token to satisfy your needs and that makes the price go up. But what if the ressources aren't that scare anymore in 5-10 years from now? What if Facebook wants to build on EOS, needs capacity for 50,000 transactions per second and this only represents 1, 2 or 3% of the network's capability at the time? It means they would "only" have to buy an equal amount of these tokens in the market. Not such a great price pusher for such huge project, no? Ethereum and Cardano work in a different way, but the problem remains broadly the same as far as I can tell.
One can then ask, are we going to see the value of these platforms go down as scalability goes up despite high nominal usage? How do you value a highly scalable Smart Contracts platform that is only used for this purpose? Honestly, I don't know and this is why I am here to share a concern and discuss it. This is what the above logic might lead us to believe to be honest.
In any case, we would also have to consider other forms of usage such as fund raising activity, either via ICOs where new platforms would have to buy tokens to operate on a given Blockchain or Airdrops whereby token holders receive tokens of new projects for free to create a network effect. This is definitely valuable, but ICO activity might slow down and not every project needs to be airdropped. This cannot be seen as the driving force behind the value of a Smart Contract platform in my opinion. Nor should we count on these to be used as a currency for everyday payments (which would be a clear driving force for upward valuation from here, as discussed).
So where does that take us? Imagine Cardano in 5 to 10 years from now, what could it be?
- a nice, solid, globally used platform
- processing 800,000 transactions per second
- able to handle 4,000,000 transactions per second thanks to sidechains
- but not be used as a currency for day-to-day payments since, let's say, Bitcoin already does that
What would the market value of the platform be then? Setting aside "sentiment" which would make these platforms more or less valuable depending on market shape; I am talking about intrinsic value here. Would users pay a fee for the system? Sure. But what would it be? What valuation would it entail? You could have a very solid platform, used on a global scale, but worth USD 10bn looking at the fees being paid to use it!?
What do you do then? You keep the fees at a higher level than necessary to support higher valuations? Not possible, someone would fork the code and offer a lower fee. OK, so you limit the scaling progress to a given number of transactions per second to match usage? Not possible either, the code would be forked and used by any non-profit organisation to use its full capacity.
So here are my thoughts guys, please show me the way now :) and, of course, please feel free to correct any misunderstanding I may have. We just cannot take ignorance or hope as an answer.
Just realized that I posted the wrong date. It's NOVEMBER 8, 2018.
If you are in New Orleans next month, the Fifth Circuit of the United States Court of Appeals will hear arguments on the case against Randall Lord.
If you can make it, it's in Room 223 of the John Minor Wisdom United States Court of Appeals Building, 600 Camp Street, New Orleans.
https://web.archive.org/web/20181007225544/http://www.ca5.uscourts.gov/clerk/calendar/1811/15.htm
If you can make it, let me know replying to this tweet: r/https://twitter.com/TheoBitcoin/status/1049074995387912192
https://www.youtube.com/embed/9pX7IQ6UOVM
Added this meetup group for those in Louisiana: https://www.meetup.com/AbolishTheBitlicense/events/255370121
Just realized that I posted the wrong date. It's NOVEMBER 8, 2018.
If you are in New Orleans next month, the Fifth Circuit of the United States Court of Appeals will hear arguments on the case against Randall Lord.
If you can make it, it's in Room 223 of the John Minor Wisdom United States Court of Appeals Building, 600 Camp Street, New Orleans.
https://web.archive.org/web/20181007225544/http://www.ca5.uscourts.gov/clerk/calendar/1811/15.htm
If you can make it, let me know replying to this tweet: r/https://twitter.com/TheoBitcoin/status/1049074995387912192
https://www.youtube.com/embed/9pX7IQ6UOVM
Added a meetup group link: Added this meetup group for those in Louisiana: https://www.meetup.com/AbolishTheBitlicense/events/255370121
Just realized that I posted the wrong date. It's NOVEMBER 8, 2018.
If you are in New Orleans tomorrow, the Fifth Circuit of the United States Court of Appeals will hear arguments on the case against Randall Lord.
If you can make it, it's in Room 223 of the John Minor Wisdom United States Court of Appeals Building, 600 Camp Street, New Orleans.
https://web.archive.org/web/20181007225544/http://www.ca5.uscourts.gov/clerk/calendar/1811/15.htm
If you can make it, let me know replying to this tweet: r/https://twitter.com/TheoBitcoin/status/1049074995387912192
https://www.youtube.com/embed/9pX7IQ6UOVM
Added a Meetup group: Added this meetup group for those in Louisiana: https://www.meetup.com/AbolishTheBitlicense/events/255370121
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Latest Bitcoin News:
Bitcoin Price Crosses $6700 as New Signs of Life Emerge
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Bitcoin Price | Blockchain | ICOs
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.
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Theymos implicitly said that Cobra was working with him to implement their agenda driven moderation campaign:
<theymos> You must be naive if you think it'll have no effect. I've moderated forums since long before Bitcoin (some quite large), and I know how moderation affects people. Long-term, banning XT from /r/Bitcoin will hurt XT's chances to hijack Bitcoin. There's still a chance, but it's smaller. (This is improved by the simultaneous action on bitcointalk.org, bitcoin.it, and bitcoin.org)
(emphasis added)
Notes for those out of the loop:
So: 16th June 2015 was when Bitcoin XT was upgraded to include the change that would increase the block size thus allowing Bitcoin to continue to function as a cash system in the future.
Here is a snapshot of the bitcoin.org wallet page on 16th July 2015. Notice the absence of Bitcoin XT (a popular, safe and compatible version of Bitcoin).
If you have any doubt that Cobra-Bitcoin supported Theymos and agreed with him please see Cobra's comments in this December 2015 pull request (archived backup) to learn about what Cobra thought about Bitcoin XT.
I made this post because Cobra-Bitcoin is making positive remarks about Bitcoin Cash from time to time. People need to understand that this snake cannot be trusted. I also wanted to share a little of Bitcoin's history with the new comers here.
Latest Bitcoin News:
UK Bitcoin Exchange Coinfloor Cuts Staff Amid Crypto Rout
Other Related Bitcoin Topics:
Bitcoin Price | Blockchain | ICOs
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.
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Your first step into the cryptocurrency world will most likely occur through an exchange. There are two main types of exchanges that we will discuss in this guide.
The first type of exchange is what most people call a fiat exchange. This an exchange that allows the direct transfer of US Dollars, Euros, and most government-backed currencies to be traded for cryptocurrency.
The second type of exchange are cryptocurrency to cryptocurrency exchanges, that allow cryptocurrencies to be traded with each other. The most common pairings on these exchanges are Bitcoin and Ethereum. Crypto to crypto exchanges will be covered more in-depth on the second half of this page.
☞ https://medium.com/@DanielJenkinson/top-cryptocurrency-exchanges-in-2018-reviews-3ac5b0214635
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The crypto market has been bearish for the last few months. I have not done much trading but kept studying blockchain projects with huge potentials and kept searching for the next killer app. Recently I discovered a project which in my opinion is very undervalued.
The ethereum ecosystem is currently unchallenged by any other public blockchain projects. Many people hope certain projects such as EOS will become better than Ethereum in the future. However, in the bear market, a lot of project teams lack experience and the trend could be for many such projects to fail one by one in the near future.
So where is the future of blockchain? I believe the project that creates the next killer app and achieve high adoption rate would be the most valuable blockchain project.
Mixin Network is a project I believe will be the most valuable in the future. It fulfills the next few characteristics:
Millions of user in DApp Mixin Messenger VS WeChat
Its social media DApp Mixin Messenger already has millions of user registrations. I was skeptical at first, but after I downloaded it and experienced it myself, I would say Mixin Messenger is the blockchain version of Wechat.
(WeChat)
Everyone knows that Wechat is the most popular messenger app in China. One of the reasons for Wechat to be so popular is that Wechat has its own paying system. Wechat is like the Apple store, where you can build your own programs within it. As long as one has Wechat, you can make any kind of RMB payment in China.
Mixin Messenger is similar to Wechat in the sense that there is chatting function and people can build bots on top of it as well. However the difference is that Mixin Messenger is built on Mixin Network public blockchain, while Wechat is built on a centralized system.
(Mixin Messenger)
Wechat only supports RMB payment, while Mixin Messenger supports all kinds of cryptocurrencies. The most convenient part is, instead of the private key, you only need your phone number and 6 digit pin code to access your full-cryptocurrency account within Mixin Messenger.
User Friendly
This function seems simple, however it could crease the adoption of Mixin Messenger tremendously. More broadly speaking, the general public who have never dealt with crypto before can enter the crypto world through this simplest method.
For security, your phone number is binded to your ID and would not be lost. You only need to remember your 6 digit pin code to access your account.
If China supports the circulation of cryptocurrencies in the Chinese market, Mixin Messenger will definitely become the blockchain version of Wechat with hundreds of millions of users.
If the Chinese market impedes the development of cryptocurrencies, Mixin Messenger will need more expansion in overseas markets. Recently I evaluated its overseas development and find the progress quite remarkable.
Partnership
Mixin Messenger has formed partnership with a Nepalese financial institution. The institution will use Mixin Messenger for instant payment with 0 fees. Mixin has also attended “Next economic conference” event in Japan. The event was hosted by Japan’s biggest ICO information network, its sub product APP Coinview is already part of Mixin Network ecosystem. I couldn’t find the detailed of the partnership, but it is evident that Mixin is actively trying to embrace markets outside of China and form partnerships.
When I did my research, I realize this project has very few followers on social media platforms. It seems to have just started developing overseas community. On CoinMarketCap, the project’s ranking is top 100 and at one point was among the top 50. The way they raised capital was also very interesting. It was pegged to EOS and traded directly in the exchange.
Simple exchange Listing lineup
Currently the XIN token is only listed on Big.ONE, Fcoin and OceanONE. Such a simple exchange lineup is also why I believe it is undervalued.
Mixin’s development: DApps, Exchanges, cross-chain solution ,etc.
OceanONE is an exchange created by Mixin Network team, with its code being open-sourced. The crypto-to-crypto trading pairs are against BTC, USDT and their own token XIN.
What surprised me was that Mixin’s development is way ahead of many other cross-chain projects: the full-cryptocurrency trading is already implemented.
Mixin Network Ecosystem
With Mixin Network, OceanONE exchange and social media application Mixin Messenger, the team is basically building a very strong and comprehensive ecosystem. Within Mixin Messenger, you can trade tokens directly on the exchange.
From my perspective, the open-source of Mixin Messenger and OceanONE exchange codes are just demonstration from the team. Along with the various security audit releases, the team is trying to signal that their products are easy to use, easy to develop and extremely secure.
https://bitcointalk.org/index.php?topic=5028456.0
At BitcoinTalk, you will discover 13 DApps built on top of Mixin Network. All DApps utilized their full-cryptocurrency selection and their plan of instant transaction with 0 fees.
Team Members
When I wondered what kind of team is capable of building such a vast blockchain ecosystem, I did my research and was impressed by their resume. The CTO and product lead have both worked for Yixia Technology, which is the leading short clip platform in China. It is comparable to Snapchat and Instagram in the States.
It is then easy to understand the project’s design in terms of ease of use, this is a project to help users truly immerse in the blockchain world.
The COO has worked at Bitmain, INblockchain and 9BTC, which are China’s top mining group, China’s top blockchain investment organization and China’s top blockchain media respectively. Surprisingly, such a strong team has kept a low profile, which is another reason I believe this project is greatly undervalued.
I read the whitepaper and realized the technology composition of Mixin Network is really unique. The security is achieved through Trusted Execution Environment (TEE) and bookkeeping mechanism which uses both full nodes and light nodes. It also uses DAG + aBFT to reach trillion level TPS. It optimized Bitcoin’s UTXO model to ensure privacy. It currently supports 13 public chains and over 40,000 kinds of cryptocurrencies.
There is not much information available on Mixin’s official website, however I found out that the trading volume of Mixin Network has exceed 10 million times.
Conclusion
Blockchain social media application with commercial use, exchange, cross-chain plan which supports full-cryptocurrency selection, instant transaction speed, 0 handling fees, strong team background, all these make me believe that this project has more value and space for imagination than Ripple which is currently ranked number 3 in market value. Comparatively, the marketing and exchange of the project are not very remarkable. The testnet will be launched soon. Currently, this is the project I believe might create a DApp ecosystem comparable to that of Ethereum.
for details; https://mixin.one/
