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Since Satoshi Nakamoto created bitcoin in 2008, the blockchain has gone through ten years. Nowadays, the blockchain has passed the barbaric age and needs the landing of real public chains and killer applications. Based on summarizing the past blockchain 1.0, 2.0, and 3.0, the AtoX project team introduced blockchain 4.0 based on Ai's enhanced cross-chain protocol and the new financial revolution. AtoX blockchain 4.0, a leading technology, is also a killer application, aiming to promote the world revolutionary process of blockchain transformation and lead the industry.
The Bitcoin of Blockchain 1.0 solves the problem of digital currency. The Ethereum of Blockchain 2.0 solves the problem of digital asset securitization. Here, there is also a fork, IBM's super ledger, is a permissioned blockchain, designed to open up cross-industry applications of finance, and later it did not work. The Ripple of Blockchain 3.0 solves the problem of cross-bank settlement. There is also a fork here, the ecosystems of EOS is criticized by the industry for its lack of centralization, and even being questioned that it is not a blockchain. Although the development of the public chain has experienced three generations of 1.0, 2.0, and 3.0, it is still immature, and major technical problems still need to be broken through, and large-scale commercial applications will take time.
AtoX proposes Blockchain 4.0 in a timely manner. Based on Ai's enhanced cross-chain technology architecture, it not only overcomes the technical challenges of blockchain 1.0, 2.0, and 3.0, but also based on the new financial business model, through integrated payment settlement and UT/ST dual-token issuance, achieving the digitization or programmization of currency, securities and banking, and open the way for funds to enter the real economy, and promote the chain reform and the revolution in the mode of corporate governance, and finally realizing the dream of “enterprise launch onto the chain and everyone have coins” . We believe that the AtoX of blockchain 4.0 is a relatively mature and ideal public chain.
The following are the basic elements of the AtoX blockchain project.
Positioning: blockchain 4.0;
Technical architecture: AtoX algorithm, ie Ai enhanced cross-chain protocol;
Business model: New Finance, integrated payment settlement and UT/ST dual-token issuance, extended to the whole finance to support the revolution of enterprise chain reform and governance;
Team: Jewish genes.
AtoX algorithm, AI enhanced cross-chain protocol, can effectively solve the triangle paradox of decentralized, security and easy of use, it is a leading technology architecture
The decentralization of Bitcoin of blockchain 1.0 is good, but the transaction speed TPS is too slow and the scalability is limited. Although the Ethereum of blockchain 2.0 has scalability, the transaction speed TPS is still not ideal. Although some solutions have been proposed, the cost of implementing these solutions is often to limit the number of possibilities for transactions pair, or to rely on a centralized transaction entrustment platform, such as EOS, which is vulnerable to human tampering and hacking. There is thus the possibility of counterfeiting transactions and cheating, as well as the security risks of stolen funds. The AtoX algorithm uses the AI enhanced cross-chain technology as the core of the technology, and builds a digital trading system that avoids the above-mentioned defects and realizes decentralization in real sense.
The AtoX algorithm exploits the scalability of lightning networks, making it possible for traders to trade at high speeds between almost any blockchain;
At the same time, the exchange rate is detected in real time by the delinked transaction entrustbook stored on IPFS; and the use of a consensus mechanism that is both energy efficient and alleviating the problem of turing; multi-token and wallets, and design of interfacing to the token trading platform, can effectively support a variety of applications.
AtoX protocol, through AI models and algorithms, real-time learning, through a large number of data analysis, constantly repairing possible loopholes in the system to prevent hacker attacks or other unexpected events;
It is also enhanced by Ai to maintain the decentralization of the blockchain and to timely adjust to the problems;
It also enhances its performance and improves TPS through Ai enhancements.
The AtoX protocol is truly able to effectively solve the triangular conflicts that have long plagued the public chain for a long time, decentralization, security, and commerciality.
In addition, AtoX's open blockchain platform integrates multiple functional modules and can plug in to add new features. These create conditions for later scalability of platform functionality.
At present, the platform supports the bank's payment and settlement business, and it needs to support services such as deposits, loans, factoring, and bills in the future. The platform will also support enterprise asset to launch onto the chain, that is, digitization, tokenization, and securitization of various types of enterprise assets. After that, the token on the blockchain requires government supervision, and the platform needs to be connected to the policy sandbox. These, the pluggable function modules will be of great use.
The introduction of Ai technology will also play a role at the application level in the future. Use big data and AI to provide analysis and prediction services to assist users in decision-making.
AtoX's new financial business model set payment settlement and dual-token issuance together, expanding to the whole finance, promoting the chain reform and corporate governance revolution.
The blockchain is finance, which is digital finance, programmable finance, and new finance. And finance is the lifeblood of the modern economic system. The application of blockchain must first be applied in the financial sector, using new finance to leverage technological innovation and the development of the real economy.
AtoX's new financial model, adhering to the three major value points of blockchain, stranger credit, card incentive and co-governance, the core is to build a new, technology-leading and approachable financial ecosystem through a mature, stable, scalable and sustainable new financial public chain platform, open up the channels of funds and the real economy, provide enterprises with chain reform and governance revolution services, and promote economic development and human civilization.
Prior to this, bitcoin, Ethereum, Ripple and other solutions, although they also explored in digital finance, but there are defects such as cutting leeks, currency value instability, lack of supervision, difficult to land, etc., they are still immature.
AtoX's new financial model firstly integrates Bitcoin, Ethereum and Ripple functions in one furnace, supports UT/ST dual-token issuance and bank payment settlement, and has three types of financial functions: currency, securities and banking. The stable currency UT enhances the stability of the digital currency; ST and later expands to the corporate asset chain and connects to the supervision, and eliminates the cutting of the leeks under the premise of supporting the token economy model; the wallet design improves the ability of the payment and settlement of trade finance. Relying on the strong support of AtoX technology architecture, AtoX's new financial model has corrected various shortcomings of past blockchain financial applications, and has become a mature, integrated and efficient new financial public chain platform.
The UT/ST dual-token mode design has two functions: one is to increase the diversity of internal strategies and adapt to investors with different needs; the other is to operate the whole model, and the platform motivates each participant to act with the aim of maximizing their own interests, and promotes the whole platform to develop positively.
AtoX's new financial model is an independent financial platform that can directly connect with corporate and personal services. It can also cooperate with traditional financial institutions such as banks, securities, and factoring to enhance the role of traditional financial institutions.
Nowadays, people can not only own the legal tender assets of the atomic world, but also can own the digital assets of the bit world, and everyone can enter.
AtoX's new financial model, it also with the inclusive financial characteristics. AXC is a platform incentive token model designed for investors with high growth and high returns.
New finance is the direction of the future of finance and the direction of the future of the economy. The blockchain revolution was first and foremost the new financial revolution. AtoX saw the trend of the new financial revolution and took the responsibility of the new financial revolution to become the leader of the blockchain 4.0.
The blockchain embraces traditional finance to realize the new financial revolution;
The blockchain industry is available in many industries to achieve chain reform;
Everyone can enter into blockchain and move towards common prosperity.
Blockchain 4.0 advocated by AtoX, using chain and AI combination, using new finance, and using the spirit of “love herism” to create a high-dimensional world of wealthy and loved ones with enterprises launching onto the chain and everyone has coins.
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If you're not sure what kind of discussion belongs in this thread, here are some example posts. News, TA, and sentiment analysis are great, too.
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Full content: https://community.nebulas.io/d/77-aero-wang-i-thought-antshares-neo-was-dead
Q2. Whether it was at Antshares (NEO) or Nebulas, I believe that Aero has a lot of heart-felt stories, could you share one with us?
Since we are sharing our experiences to encourage each other to live through the winter, I will share with you a story of our early blockchain development, which happened during the last crypto crash. It was in mid 2015, the second year after Antshares (NEO) was founded. At that time, a considerable amount of seed funding was raised in the form of bitcoin. This fund had not been used yet, and its value had shrunk by nearly 50%. In contrast, during 2015, a lot of
hype was about the internet finance, equity crowdfunding, and even the stock market.
So at the time, no one was truly optimistic about NEO, including the seed investors and founders of NEO. No one in NEO had very strong confidence then. Even within the blockchain industry, people were mostly interested in permissioned blockchain such as R3 or Hyperledger, and sometimes even we would think that perhaps R3 and Hyperledger got the right approach. Should blockchain be a technology that simply improves traditional organization and its work efficiencies? So we had our doubts too, whether a classic token blockchain like bitcoin has a future.
In 2015, I remember that there were only three and a half team members in NEO (because one of them was an intern). We didn’t know what to do, and there was no salary for the founders. Da Hongfei and I were doing an unpaid entrepreneurship. So it came to a point that we needed to spend NEO funds, which was partly raised in bitcoin. At that time, we paid our team members in fiat currency. The fund we raised was only about 300,000 RMB. In fact, it couldn’t last very long. Even the basic salary for the technical team was a problem, let alone the expenses on any commercial promotion.
So we thought that we might need to abort the project, and before that happened, should we let everyone have a chance to withdraw? So the nine seed investors were given an opportunity to withdraw their investment in equivalent fiat currency. I remember there were two investors who chose this option. Of course, the other investors also had their doubts. Because at that time, the funds raised in bitcoin had lost half its value, the withdrawal in fiat currency was a kind of welfare.
But in retrospect, I think at that moment, I felt the event would bring us mix feelings in the future, because after all, Antshares was China’s first open source public chain project.
Those who chose to quit during the seed period, I have met them again later in the blockchain industry, and we all talked about it. Everyone was emotional, that they had doubts in a project that they used to create or believe in. This is actually very normal.
Back to now, our situation is similar to the situation in 2015, the magnitude has increased, but the basic situation is the same. People feel lost. They are trying to see if there is a classic development direction in the traditional sense. The blockchain community have a generally low morale, and project startups are tightening their belts. Things will spiral up, and it won’t be a straight line. In my personal experience, if you have seen the origin of the Chinese blockchain community, Hitters Xu organized Bitsclub, from a few to a dozen people. From a dozen to hundreds of people, then we held the first blockchain international summit. From subculture to mainstream culture, from a group of geeks to some traditional organizations, from small companies to big corporations, the Top 500 or BAT (Baidu, Alibaba, Tencent.) More people, more experts, more resources are invested in this industry, then you will believe that the vitality of blockchain technology really goes beyond the imagination of all the participants.If you understand the spirit of the times, in fact, it has little to do with ability, but a lot to do with choice.
So it’s important to make a choice and stick to it. No one has superpower, everything is done by ordinary people, a group of people who have been working together for years, so ordinary people can do great things.
I came across this when I was looking for new sportsbooks and casinos to use on BitcoinTalk.
https://bitcointalk.org/index.php?topic=5106215.80
Blackjack.fun is new and looks very promising, and from what I’ve read, its developer is incredibly passionate about the site. He is constantly interacting with the community and is actively acting on feedback/suggestions.
I decided to check out the site and the game, and I’m pretty impressed with what I’ve seen: it’s smooth, responsive, and clean for a start, and the blackjack payout ratio is 3:2.
You can split multiple times, so if you split two tens or two face cards into two hands and each receive another ten or face card, you can again split those two hands into four.
The dealer hits on soft 17, too.
They’re Provably Fair, with information/proof easily accessed by a handy drop-down menu, and offer 2FA for added security.
One of the innovative features I’ve seen and am impressed by is that by playing over time, you can earn edges over the dealer.
After ten bets, you can use a lifeline to reveal the dealer’s card.
After twenty, you can see what the next card to be drawn will be.
Ater thirty, you can swap one card in your hand for another random one from the deck (swap that crappy two in your hard twelve for hopefully an ace or ten!).
At the moment, you can deposit and play with either Bitcoin, Dash, or Litecoin (also practice mode), and the deposit/withdrawal time is incredibly fast. You can also change your denominations per bet in the settings.
There are also no minimum deposit/withdrawal limits. Deposit a dollar and win two dollars? You can withdraw those two dollars (minus the obvious withdrawal fees, of course).
The timing between wallet to site and back to wallet again is just a few minutes. Seriously fast.
The commission rate for affiliates is currently a whopping 50% -- most other sites are 30% at best.
Frankly, given how sleek the whole thing is (and how it’s very mobile-friendly, though I haven’t tested that functionality), this is going to be my go-to site for crypto blackjack. I’ve already deposited and played with some of my Litecoin.
To help people, I’m linking a strategy chart with this game’s presets already inputted, but remember this isn’t an automatic ‘I win’ but a guide.
So, check it out if you’re interested. The main selling point, at least for the moment, is the withdrawal times being so expedient/minutes only.
[Referral] https://blackjack.fun?aff_id=a8aea0c0-0889-44e1-9feb-f86deac0b039&ref_props[TheBot.net]=tBN
[Non] https://blackjack.fun
Good luck!
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Latest Bitcoin News:
Crypto Market Round-Up: Another Bitcoin Break Near $4000 or Are The Bulls Rushing the Gate?
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 Awesomeness2018 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/arfchx
The original post's content was as follows:
Original Source: Here
When the 30-year-old founder of a Canadian cryptocurrency exchange died suddenly, he took the whereabouts of some C$180m ($135m; £105m) in cryptocurrency to his grave. Now, tens of thousands of Quadriga CX users are wondering if they will ever see their funds again.
In 2014, one of the world's biggest online cryptocurrency exchanges - MtGox - unexpectedly shut down after losing 850,000 Bitcoins valued at the time at nearly $0.4bn (£0.3bn).
Its meltdown shook investors in the volatile emerging marketplace - but the calamity at the Tokyo-based company proved a boon for a new Canadian online cryptocurrency exchange.
"People like the fact we're located in Canada and know where their money is going," Quadriga CX founder Gerald Cotten said at the time.
Some five years later, Cotten's sudden, untimely death has left thousands of his customers scrambling for information about their own missing funds.
"We don't know whether or not we're going to get our money back," Tong Zou, who says he is owed C$560,000 - his life savings - told the BBC.
"There's just a lot of uncertainty."
This month, Quadriga - which had grown to become Canada's largest cryptocurrency exchange - was granted temporary bankruptcy protection in a Canadian court.
The firm said it had spent the weeks since Cotten's death trying desperately to "locate and secure our very significant cryptocurrency reserves".
Broken representations of the Bitcoin virtual currency
In court documents, Quadriga says it owes up to 115,000 users an estimated C$250m - about C$70m in hard currency and between C$180m a C$190m in cryptocurrency, based on recent market rates.
It believes - though it's not certain - that the bulk of those millions in reserves was locked away by Cotten in cold storage, which is an offline safeguard against hacking and theft.
For now, all trading has been suspended on the platform.
Bernie Doyle, CEO of Refine Labs and head of the Toronto chapter of the Government Blockchain Association, calls what's happening at Quadriga a "seismic event" in the industry.
The world of digital currency has little regulatory oversight and a history of volatile prices, hacking threats, and minimal consumer protection.
Mr Doyle says this only adds to the nascent sector's already "checkered history".
But he says "it's really unfortunate that the ecosystem takes a hit" amid one firm's problems.
What happened at Quadriga?
Court documents filed in late January offer some insight into the company.
Quadriga had no offices, no employees and no bank accounts. It was essentially a one-man band run entirely by Cotten wherever he - and his laptop - happened to be, which was usually his home in Fall River, Nova Scotia.
It used some third-party contractors to handle some of the additional work, including payment processing.
His widow, Jennifer Robertson, says she was not involved in the company until her husband died suddenly on 9 December in India from complications related to Crohn's disease.
In an affidavit, she says she has searched the couple's home and other properties for business records related to Quadriga, to no avail. The laptop on which he conducted all the business is encrypted and she doesn't have the password or recovery key.
An investigator hired to assist in recovering any records had little success.
It was also recently revealed the company somehow inadvertently transferred Bitcoins valued at almost half-a-million dollars into cold storage in early February and now can't access them.
But Quadriga's troubles didn't start with missing coins. The company's liquidity problems began months earlier.
In January 2018, Canadian bank CIBC froze five accounts containing about C$26m linked to Quadriga's payment processor in a dispute over the real owners of the funds, an issue that ended up in court.... Continue Reading
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One day I was browsing through reddit when I found the post from a Miss. Alina Kim in r/TransDIY, also known as u/Auxiliatrixx,(ps go to her profile), she is a transgender woman who realized her “transness”, while a teenager in an unsupportive Conservative, Christian, Korean household, not the best place to express yourself..., but she still was able to medicate herself in this time by buying BTC on VirWox and using on a website to mail her medicine, she gives a further guide on her post, To get to the point are there any Transgender people who used to Bitcoin to self medicate themselves in unsupportive households or doctors who won’t treat you? Leave in comments.
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Based on BitMEX Blog Materials
Basis trading is an alternative set of trading strategies to profit from the interest rate differentials in futures contracts on the same underlying asset but with different maturities. This is the first in a series of lessons designed to provide the basic tools for traders to execute these more advanced trading strategies. These trading strategies will use the BitMEX 25x leveraged XBT series futures contracts.
Lesson 1: Time Value of Money
Before beginning to basis trade, it is necessary to understand the basic concept of the time value of money. When the interest rate is positive, money today is worth more than money in the future.
If you borrow $100 from the bank for one year at an interest rate of 10%, you owe the bank $110 in one year.
FV = Future Value
P = Principal
r = Annualised Interest Rate
FV = P * (1 + r) = $100 * (1.1) = $110
Your friend John said he would give you $100 in one year’s time. What is that money worth in today’s dollars assuming the interest rate is 10% per annum? If you had the $100 today, you could earn $10 by loaning it out. $100 of future dollars is worth $90.90 today.
PV = Present Value
P = Principal
r = Annualised Interest Rate
PV = P / (1 + r) = $100 / (1.1) = $90.90
In many university finance classes, they continuously compounded interest payments. However in the real world, you get paid interest once per day. Therefore as traders we must use simple interest.
Continuously Compounding Interest
FV = Future Value
P = Principal
e = Base of Natural Logarithm, approximately 2.78128
r = Annualised Interest Rate
t = Time in Years
FV = P * e^(r * t)
Simple Interest
FV = Future Value
P = Principal
r = Annualised Interest Rate
t = Time in Years
FV = P * (1 + r * t)
Let’s put this in context with a futures contract on apples. You want to buy one apple in a year’s time. The future price of apples is $110 and the current cost to buy and apple right now is $100, what is the cost of money? Remember that when you buy a futures contract you essentially borrow money to purchase an asset today you that will receive in the future.
FV = $110
PV = $100
t = 1
r = (FV / PV — 1) / t = ($110 / $100–1) / 1 = 10%
If you borrowed $110 at 10% for one year and bought an apple today, it would be the same as if you bought an apple future for delivery in one year at $110.
Let’s extend this to BitMEX 25x leveraged XBT futures contracts.
Basis (B) = Future Price (F) — Spot Price (S)
The above calculation expresses Basis as a nominal value. For example, if the futures price is $250 and the spot price is $230, basis is $20. Basis trading is all about comparing futures contracts with different maturities. To do that we convert basis into an annual percentage difference.
XBTZ15 December 2015 has 90 days until expiry, or 0.25 years.
F = $250
S = $230
t = 0.25 years
B = ($250 / $230–1) / 0.25 = 34.78% annualised
XBTH16 March 2016 has 180 days until expiry, or 0.5 years.
F = $275
S = $230
t = 0.5 years
B = ($275 / $230–1) / 0.5 = 39.13% annualised
XBTH16 is more expensive than XBTZ15. This is because the annualised basis is higher. When evaluating the richness or cheapness of futures contracts, calculate the annualised basis and then compare.
In Lesson 2, I will explain the basis term structure and how to trade it.
Lesson 2:
Lesson 1 explained the time value of money and how to calculate the annualised basis of a futures contract. Lesson 2 will focus on the basis term structure and different ways to profit from curve shifts.
The basis term structure is a graphical representation of the annualised percentage basis for different maturity futures contracts.
For a Bitcoin/USD future, being in contango means that the USD interest rate is higher than Bitcoin’s. Or put another way, traders believe that Bitcoin will appreciate in the future vs. the USD.
Numerical Example:
T0 days:
Buy 1,000 contracts XBTU15 @ $260
Sell 1,000 contracts XBTH16 @ $340
T12 days:
XBTU15 expires at the spot price of $250
XBTZ15 = $258
XBTU15 Realised PNL = ($250 - $260) * 1,000 * 0.00001 BTC = -0.1 BTC
Buy 1,000 XBTZ15 contracts @ $258 (this replaces the long XBTU15 position)
T30 days:
XBTZ15 expires at the spot price of $250
XBTH16 = $310
XBTZ15 Realised PNL = ($250 - $258) * 1,000 * 0.00001 BTC = -0.08 BTC
Buy 1,000 XBTH16 contracts @ $310 (this closes out the XBTH16 position)
XBTH16 Realised PNL = ($310 - $340) * -1,000 * 0.00001 BTC = 0.3 BTC
Total PNL:
-0.1 BTC from XBTU15
-0.08 BTC from XBTZ15
+0.3 BTC from XBTH16
Total Profit = 0.12 BTC
As time elapsed the trader gained profited more from the fall in XBTH16’s price, than the loss experienced when XBTU15 & XBTZ15 expired. This is called positive carry, or positive Theta. The risk to this strategy is that the interest rate differential between XBTU15 & XBTZ15 or XBTZ15 & XBTH16 increases dramatically when the trader short rolls the position. The trader is short rolling, because he is short the near month contract and must buy it back, and then short the farther month contract to stay hedged against his long XBTH16.
Backwardation Term Structure
For a Bitcoin/USD future, being in backwardation means that the USD interest rate is lower than Bitcoin’s. Or put another way, traders believe that Bitcoin will depreciate in the future vs. the USD.
Numerical Example:
T0 days:
Sell 1,000 contracts XBTU15 @ $240
Buy 1,000 contracts XBTH16 @ $120
T12 days:
XBTU15 expires at the spot price of $250
XBTZ15 = $240
XBTU15 Realised PNL = ($250 - $240) * -1,000 * 0.00001 BTC = -0.1 BTC
Sell 1,000 XBTZ15 contracts @ $240 (this replaces the short XBTU15 position)
T30 days:
XBTZ15 expires at the spot price of $250
XBTH16 = $163.33
XBTZ15 Realised PNL = ($250 - $240) * -1,000 * 0.00001 BTC = -0.1 BTC
Sell 1,000 XBTH16 contracts @ $163.33 (this closes out the XBTH16 position)
XBTH16 Realised PNL = ($163.33 - $120) * 1,000 * 0.00001 BTC = 0.43 BTC
Total PNL:
-0.1 BTC from XBTU15
-0.1 BTC from XBTZ15
+0.43 BTC from XBTH16
Total Profit = 0.23 BTC
As time elapsed the trader gained profited more from the rise in XBTH16’s price, than the loss experienced when XBTU15 & XBTZ15 expired. This is another example of positive carry or Theta. The risk to this strategy is that the interest rate differential between XBTU15 & XBTZ15 or XBTZ15 & XBTH16 decreases dramatically when the trader long rolls the position. The trader is long rolling, because he is long the near month contract and must sell it, and then buy the farther month contract to stay hedged against his short XBTH16 position.
In the Lesson 3, I will explain some basics about risk management. The terms Delta, Dollar Value of 1% (DV01), and Theta (time value) will be introduced.
In the third and final lesson, I will explain some basic risk management policies relating to basis trading. First I will explain the risk management metrics Delta, Bitcoin Value of 1% (BV01), and Theta. For each of these metrics, I will always present them in Bitcoin terms.
Delta
The performance of a Bitcoin futures contract is made up of three components, spot, interest rates, and time. The delta of a portfolio of Bitcoin futures contracts refers to the portfolio’s exposure to the movements in the spot price.
Delta = Spot Price * BTC Multiplier * Contracts
For example a the December 2015 25x leverage Bitcoin / USD futures contract (XBTZ15), settles on the TradeBlock XBX Index price. The current value of the XBX Index price is the spot price for XBTZ15.
Assume the following:
Spot = $250
BTC Multiplier = 0.00001
Contracts = 100,000
XBTZ15 Delta = $250 * 0.00001 BTC * 100,000 Contracts = 250 BTC
Because the portfolio is long, if the spot price moves up 1%, the profit is 2.5 BTC. If the spot price moves down 1%, the portfolio loses 2.5 BTC.
Delta PNL (Profit and Loss) = % Change in Spot * Delta
Notice that we use the spot price not the current price of the futures contract to calculate delta. The basis or difference between the spot and futures price is expressed through the BV01 and Theta metrics.
Bitcoin Value of 1% (BV01)
The BV01 refers to the amount that will be made or lost if the interest rate changes by 1%.
t = Days to Expiry / 360
% Basis = (Futures Price / Spot Price – 1) / t
BV01 = 1% * t * Spot Price * BTC Multiplier * Contracts
Assume the following:
Spot = $250
BTC Multiplier = 0.00001
Contracts = 100,000
t = 0.5
BV01 = 1% * 0.5 * $250 * 0.00001 BTC * 100,000 = 1.25 BTC
If the % basis rises by 10% in annualised terms:
BV0L PNL = 10 * 1.25 BTC = 12.5 BTC
Theta
Theta is the amount of money that a portfolio will gain or lose as time passes. Because a futures contract will equal the spot price at settlement, each day the basis between the future and spot price will get smaller.
Basis = Future Price - Spot Price
Depending on whether the basis is positive or negative a long or short futures position will have a positive or negative Theta. When calculating Theta multiply the result by -1 to get the correct result. Below is a table summarising in which situations Theta is positive or negative.
Theta = (Basis / Days Until Expiry) * BTC Multiplier * Contracts * -1
Assume the following:
Spot = $250
XBTH16 = $300
BTC Multiplier = 0.00001
Contracts = 100,000
Days = 180
Basis = $300 - $250 = $50
Theta = ($50 / 180 Days) * 0.00001 BTC * 100,000 * -1 = -0.28 BTC
Putting It All Together
Let’s construct a sample portfolio and examine the interplay between Delta, BV01, and Theta. The futures term structure is in contango and a trader wants to earn the carry between the December 2015 and March 2016 futures contracts.
To properly evaluate whether this is a good trade or not, let’s consider a few scenarios.
Scenario 1:
XBTZ15 is held until maturity, and the % basis does not change.
The portfolio will lose money due to the negative Theta.
30 days * -0.28 BTC Theta = 8.4 BTC loss
Scenario 2:
XBTZ15 is held until maturity, and a parallel shift in the % basis.
The % basis will need to parallel shift downwards by 33.60% for the portfolio to break even due to the Theta loss.
8.4 BTC / 0.25 BTC BV01 = 33.60% change in interest rates
If the % basis parallel shifted upwards, the portfolio would lose money both on the Theta and the BV01.
Scenario 3:
The term structure changes and you intend to exit the position before XBTZ15 expires.
Daily Curve PNL = Portfolio Theta + XBTH16 BV01 PNL + XBTZ15 BV01 PNL
If the % basis differential widens (a curve steepener) in any magnitude, you have an unrealised loss from BV01 and Theta. If the % basis differential narrows (a curve flattener), you have an unrealised gain if the BV01 profit is greater than the daily Theta loss.
Basis trading is a bit more complicated than out right position trading. However, due to the lack of understanding by many Bitcoin traders about the interplay between time and interest rates as it applies to Bitcoin futures contracts, there are many more opportunities to earn above average risk adjusted profits.
Start Trading Bitcoin Futures on BitMEX
Use the following link to open the BitMEX account:
https://www.bitmex.com/register/Q1nfNX
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Our monthly meetup is Wednesday evening:
https://www.meetup.com/yegbitcoin/events/258744544/
We are a Bitcoin-first meetup group trying to grow the industry in our city by engaging with the non-imaginary. The presentation topic this iteration is 'Bitcoin Myth Busting'
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I've spent the last couple months figuring out a good strategy to generate some passive cryptocurrency without investing money before a big bull-run starts. As Bitcoin is still fairly low, but cryptos have been risen again in the last weeks, it's best to get in now. I don't have very much time, so I examinated the best-working websites with the littlest time investment and the highest result possible.
Disclaimer: This will be a long post and I'll tell you all the sites I use and how my strategy works. Use it as an inspiration and develop your own working strategy. Skip stuff that doesn't seem to be worth your time or websites you don't like. If you don't like to use a referral-link, just remove the last part of the link. Most websites will give you a bonus when signing up with a ref-link, though and I would appreciate it for the effort I put in this guide.
I assume you have some basic knowledge on cryptocurrencies, a wallet and accounts on Faucethub and Coinpot.
So, let's get started.
Step 1: Claim once a day from stacking up faucets
If you're familiar with faucets, you probably know the moon-faucets that pay directly to Coinpot. They keep stacking up until your next claim, so they are the best and highest-paying faucets if you want to keep your time claiming as little as possible. I suggest you use them at least once a day to accumulate the daily bonus that will really change your game. I do a quick claiming round once in the morning and once in the evening. If you have more time, they are also really worth being claimed more often. For the sake of completion I will include them here:
Moonbitcoin for Bitcoin
Moonlitecoin for Litecoin
Moonbitcoincash for Bitcoin Cash
Moondash for Dash
Moondogecoin for Dogecoin
Bitfun stacking up Bitcoin-faucet that pays instantly to Coinpot
Two new exact clones of the Moonfaucets that pay instantly to Faucethub with no minimum. They also have daily bonus:
Getcoin Bitcoin for Bitcoin
Getcoin Litecoin for Litecoin
And the last stacking up faucet for BTC: Yannik.biz
So yeah, try to claim them at least once a day to maintain your daily bonus. The bonus can really be a game changer on these ones. Claiming them all will take no more than 5-10 minutes every day.
Step 2: Receive daily interest on your faucet claims!
Send your Bitcoin to Freebitcoin and receive daily interest on your balance once you have more than 30000 Satoshis (shouldn't take too long if you put in some effort in the beginning). You can also use the website as a faucet once a hour. It is actually paying well. If you use my link to sign up a new account you will receive life-long +12,5% on your daily interest and +25% on all your claims. If you already have an account, just create a new one with this link and delete your old one as this ref-back-bonus will give you a decent boost on your earnings. Freebitcoin is one of the oldest and most trusted website in the crypto scene!
Step 3: Claim even more cryptos once you have some spare time
Highest-paying sites I found where you can claim every hour along with Freebitcoin are these:
Cointiply: very high paying and they also give you daily interest, but are tied to USD-rates, so you're better off withdrawing your satoshis to Freebitcoin once you reached minimum withdrawal as you would lose satoshis if BTC price continues to rise.
Freedogecoin: Same as Freebitcoin, but with less functions.
Bitsfree: New website with cool design where you can claim once a hour and withdraw to Faucethub at a fairly low amount. Pays pretty well.
Claimbits: Same script as Bitsfree, but pays a bit less and you have to solve three shortlinks once in a while to be able to claim. It's still worth participating in.
Remember: On every claim on these websites you have the chance to win a big amount of cash. So try to use them as often as possible. Unlike the stacking up faucets, with the exception of Cointiply, they don't have a daily bonus, so it's no problem if you ignore them for a while.
Bonusbitcoin: Claim a good amount of satoshis every 15 minutes. Instant payments to Coinpot again.
Click high-paying ads on AdBtc and Dogeads. Another good website for high-paying BTC-ads is Bits-Pays.
Use websites where you can do surveys and all kinds of stuff to earn money that also pay in cryptocurrency. The best website I found that is similar to Swagbucks and has the option to pay cryptos is probably Grindabuck.
Claim your daily bonus at Firefaucet, collect some Autoclaims during the week and run it during the happy hours on the weekend to get most of it. Instant payments to Faucethub.
Step 4: Use semi-passive methods with crypto farming games
There are some crypto games out there that have the ability to build you a decent chunk of passive income after a while. The sites require small tasks you do to earn crypto or credits which you can re-invest in stuff that will generate passive income for you. It takes some effort upfront, but once set up they will passively pay you with no additional effort.Here are my favorites:
Satoshi-Labs: Claim from a faucet every 5 minutes, do surveys and shortlinks and re-invest your earnings in buildings that will generate satoshis for you every hour.
Cryptomininggame: Play a simulated mining game and do missions to level up. As you level up, your earnings increase. This site has a high stacking up daily bonus and can be very profitable once you get to a high level.
Bits-Pays: Has several options to earn passive income. You can play their mining game or buy company shares that will give you dividends. It has a lot of attractive offers for advertisers and very high paying ads and daily bonus, too!
Bitcoinfun: This is a new website that works the exact same as satoshilabs. Once you're into satoshilabs you will also get Bitcoinfun. I see a lot of potential for this website.
Step 5: Fully passive methods
So yeah, let's come to the best part. There are options that require no effort at all! Let's go.
I've already written about sending my satoshis to Freebitcoin for daily interest, but what you can also do is sending some cryptos to Eobot. They are probably the only legit Cloudmining platform out there that has been paying since 2013. You can also claim some GHS there every 24 hours if you set Mining to GHS 5.0. first, which is cool. I like to send some of my altcoins like Doge and Bitcoin Cash to them and convert them in GHS to earn passive Satoshis.
You have probably heart it a thousand times on this sub, but you can also earn Bitcoin by using the two legit autosurfers that pay in Bitcoin by now. This is a fully passive method, just run them whenever you're online.
Getcashfree and Fastcashmining.
Another fully passive website planning to add crypto-payments soon is Radioearn.
Use browser extensions that will automatically generate money for you just for using them:
Presearch: This is probably the best search engine I've ever seen. After installing it will be opened every time you open a new tab. You can customize it, so you can choose from searching via Google, Amazon, Reddit, Wikipedia and much more without accessing the websites first. This is very comfortably and the best part about it: You earn Pre-Tokens for every search, which you can later exchange for BTC.
Surfe.be: A browser extension that shows you some Banners while surfing the web and pays you some money for it. You can disable it at any time and it isn't over-present at all when surfing (I barely notice the banners).
Claim every 24 hours from Mellowads and use it to advertise your ref-links. You can also promote your ref-links on AdBTC, Bits-Pays and DogeAds. Having referrals is another good way to generate some passive income.
Sign up for Mannabase. This is a cool project that aims to create some sort of crypto Universal Basic Income for everyone. After signing up you will need to verify your identity and once they accept you, you'll receive free Manna every week. You can then exchange Manna for BTC or USD. As they have a lot of pending approvals, expect it to take 1-2 months before they accept you.
Conclusion
So yeah, that's basically my main sources and my strategy and I treat it as some sort of site-business. If I am lazy, I spend no more than 10-15 minutes a day to claim the stacking up faucets and daily bonuses on websites and receive my daily interest, payments from Eobot, crypto games and browser extensions anyway. It's really cool to watch your balances, bonus and interest grow over time and who knows? 1$ in Crypto could be 30$ of Crypto in the future. Use this guide as an inspiration to develop your own strategy of acquiring as many Cryptos for free as you can. For me these websites work the best. And I tested a lot of websites.
Additional tips: Use different passwords on the websites and write them all down. It can be a hassle memorizing several passwords. Also create a separate e-mail-address for all the crypto websites. To make it easier handling all the websites, group them in a document e.q. all 1 hour faucets, all stacking up faucets and add links, so you can quickly access them when you want to use this particular group of websites. Be patient at first, your earnings will increase over time.
Feel free to ask me anything, have fun and happy claiming! :)
Posted at: February 18, 2019 at 10:32PM
By:
One of the most important events for Bitcoin. I was going to share this little-known story of paramount importance… https://t.co/PxecXaaOOc
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'''
Original Source: [Here]1
When the 30-year-old founder of a Canadian cryptocurrency exchange died suddenly, he took the whereabouts of some C$180m ($135m; £105m) in cryptocurrency to his grave. Now, tens of thousands of Quadriga CX users are wondering if they will ever see their funds again.
In 2014, one of the world's biggest online cryptocurrency exchanges - MtGox - unexpectedly shut down after losing 850,000 Bitcoins valued at the time at nearly $0.4bn (£0.3bn).
Its meltdown shook investors in the volatile emerging marketplace - but the calamity at the Tokyo-based company proved a boon for a new Canadian online cryptocurrency exchange.
"People like the fact we're located in Canada and know where their money is going," Quadriga CX founder Gerald Cotten said at the time.
Some five years later, Cotten's sudden, untimely death has left thousands of his customers scrambling for information about their own missing funds.
"We don't know whether or not we're going to get our money back," Tong Zou, who says he is owed C$560,000 - his life savings - told the BBC.
"There's just a lot of uncertainty."
This month, Quadriga - which had grown to become Canada's largest cryptocurrency exchange - was granted temporary bankruptcy protection in a Canadian court.
The firm said it had spent the weeks since Cotten's death trying desperately to "locate and secure our very significant cryptocurrency reserves".
[ Broken representations of the Bitcoin virtual currency ]2
In court documents, Quadriga says it owes up to 115,000 users an estimated C$250m - about C$70m in hard currency and between C$180m a C$190m in cryptocurrency, based on recent market rates.
It believes - though it's not certain - that the bulk of those millions in reserves was locked away by Cotten in cold storage, which is an offline safeguard against hacking and theft.
For now, all trading has been suspended on the platform.
Bernie Doyle, CEO of Refine Labs and head of the Toronto chapter of the Government Blockchain Association, calls what's happening at Quadriga a "seismic event" in the industry.
The world of digital currency has little regulatory oversight and a history of volatile prices, hacking threats, and minimal consumer protection.
Mr Doyle says this only adds to the nascent sector's already "checkered history".
But he says "it's really unfortunate that the ecosystem takes a hit" amid one firm's problems.
[Will Bitcoin Rise To $740k ?]3
Court documents filed in late January offer some insight into the company.
Quadriga had no offices, no employees and no bank accounts. It was essentially a one-man band run entirely by Cotten wherever he - and his laptop - happened to be, which was usually his home in Fall River, Nova Scotia.
It used some third-party contractors to handle some of the additional work, including payment processing.
His widow, Jennifer Robertson, says she was not involved in the company until her husband died suddenly on 9 December in India from complications related to Crohn's disease.
In an affidavit, she says she has searched the couple's home and other properties for business records related to Quadriga, to no avail. The laptop on which he conducted all the business is encrypted and she doesn't have the password or recovery key.
An investigator hired to assist in recovering any records had little success.
It was also recently revealed the company somehow inadvertently transferred Bitcoins valued at almost half-a-million dollars into cold storage in early February and now can't access them.
But Quadriga's troubles didn't start with missing coins. The company's liquidity problems began months earlier.
In January 2018, Canadian bank CIBC froze five accounts containing about C$26m linked to Quadriga's payment processor in a dispute over the real owners of the funds, an issue that ended up in court.... [Continue Reading]4
'''
Quadriga: The cryptocurrency exchange that lost $135m
Author: /u/Awesomeness2018
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#OneLedger #Kucoin #Hodlerxl #Review #Listing OneLedger OLT A Blockchain Based Business Network Protocol Link to sign-up: https://goo.gl/V163jX OneLedger is a cross-ledger agnostic protocol that allows high-performance scaling, utilizing a sharded and adjusted practical Byzantine Fault Tolerant consensus scheme which permits either a permissionless or permission setting. By uniting Public Key Infrastructure (PKI) with identity management, nodes and node operators will have a specified trust hierarchy that enables them to associate in the consent of the OneLedger chain or any sidechain. OneLedger sidechains operate at the same time with the current state of other networks such as Ethereum, Bitcoin, Ripple, etc. Any cryptocurrency that supports Hashed Time Lock Contracts (HTLC) and payment channels could be placed into an account or address with the value credited to the OneLedger sidechain.
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I will be bringing you upcoming events/announcements every 14 days. If you want improvements to this post, please mention /u/houseme in the comments. We will make improvements based on your feedback.
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If you like an event to be added, click Submit Event, and we will do the rest.
BCH/BSV Hardfork
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#OneLedger #Hodlerxl #kucoin OneLedger OLT Giao thức mạng doanh nghiệp dựa trên Blockchain Link to sign-up Kucoin: https://goo.gl/V163jX OneLedger là một giao thức bất khả tri chéo, cho phép nhân rộng hiệu suất cao, sử dụng sơ đồ đồng thuận Byzantine Fault Tolerant thực tế được điều chỉnh và cho phép cài đặt không được phép hoặc cho phép. Bằng cách hợp nhất Cơ sở hạ tầng khóa công khai (PKI) với quản lý danh tính, các nút và toán tử nút sẽ có một hệ thống phân cấp tin cậy được chỉ định cho phép chúng liên kết với sự đồng ý của chuỗi OneLedger hoặc bất kỳ sidechain nào. Các sidechain của OneLedger hoạt động cùng lúc với trạng thái hiện tại của các mạng khác như Ethereum, Bitcoin, Ripple, v.v. Bất kỳ loại tiền điện tử nào hỗ trợ Hợp đồng khóa thời gian Hashing (HTLC) và các kênh thanh toán có thể được đặt vào tài khoản hoặc địa chỉ có giá trị được ghi có cho sidechain OneLedger. #kts #news #bitcoin #blockchain #tiendientu #kiemtienso Đừng bỏ lỡ cơ hội vàng của thời đại Tiền Điện Tử. Thế Giới 4.0 Link đăng ký Fiahub: https://goo.gl/5uLyhW Link đăng ký Remitano: https://goo.gl/X3fmCb Link đăng ký Binance:https://goo.gl/K2sWCt Link đăng ký Kucoin: https://goo.gl/V163jX Liên Hệ Với Chúng Tôi Qua: Website: https://kiemtienso.io/ Facebook Group: https://www.facebook.com/groups/TienSo/ Facebook Admin: https://www.facebook.com/freedomlifevn8x Nguyen Hoang Diep - Admin
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