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TLDR: The appeal will take place on March 28th, 2019 at 2 pm. https://twitter.com/A78gnstNYDFS/status/1105572458403368961
Contrary to criminal cases, a lawyer in an Article 78 doesn't have to accept the case.
When the New York Department of Financial Services (NYDFS) promulgated the Bitlicense regulation in July 2015, a four month clock to submit a lawsuit starts. When I filed the lawsuit, I could not find a lawyer that knew bitcoin, even less file lawsuit. I filed the latest week possible in October 2015. It took 6 month for the State of New York to do a reply, and then another 6 month for my lawyer to understand it. The reason my lawyer took the case is that the State of New York sent me a reply of 26 pages. A frivolous lawsuit answer is usually a few pages.
The arguments on the original lawsuit became so convoluted for everyone, including to the the judge that they all agree to start a brand new document and the Standing question was addressed.In May 2017, my lawyer rewrote the complaint, in June 2017 the State argue for the dismissal, we replied in July 2017, and in August 2017 we asked for discovery and in October 2017 we are in front of a new judge and she decided that I did not have standing.
(Someone who understand lawsuits - he has about 3,500 - explains what will happen: https://youtu.be/CKvipt04g8s?t=13)
I received this analysis from one of the group that wanted to file an Amicus Brief but their lawyer advised against. I will keep the name of the firm hidden because it's doesn't add anything to the story. Their analysis is worth discussing. The expertise needed in this case is Administrative Law but this firm expertise is in other areas.
According US News best law firms https://bestlawfirms.usnews.com, they are a tier 1 in Bankruptcy and Creditor, Commercial Litigation and Bankruptcy (in the New York and National categories.)
All I can say is that I see that their crypto unit depend on the Bitlicense to exist, the first question I have is whether it make sense to them to advise that I am weak case? At the end of the day, the administrative question is simply whether I have the right to sue. Do I have standing?
In their analysis they write:
rather than its application, the four-month statute of limitations for Article 78 proceedings is not even applicable. See Westhampton Beach Assoc., LLC v. Incorporated Village of Westhampton Beach, 151 A.D.3d 793, 795 (2d Dep't 2017).
But wait! That analysis is based on a 2017 decision. I started my lawsuit in 2015 when that decision did not exist.
The only positive thing about that rule is that the four-month status of limitation is not applicable. According to that ruling of 2017, it's now six-year statute of limitations. Anyone who was affected by the New York decision back in 2014 can potentially challenge the Bitlicense.
Anyway, the appeal oral arguments are scheduled for March 28, 2019 at 2:00 pm. I hope this thread spark a good discussion.
The raw documents are here: http://www.article78againstnydfs.com/raw.php
Regards,
Theo Chino
The lawyers expertise in the Crypto World according to their website:
Digital Smart Contracts, Initial Coin Offerings (ICOs), Token Generation Events (TGEs), Digital Transfer of Property, Digital Currency Regulations, International Regulatory Compliance, Blockchain, Digital Disputes, Tokenization of Assets, Taxation of Tokens, Securities Law Analysis, Data Protection and Data Privacy, Investment and Acquisitions in Cryptocurrencies
We have analyzed the Theo Chino appeal to determine what policy arguments might be addressed to support an amicus brief being submitted by YYYY on behalf of the XXXX. While we very much look forward to working with the XXXX to advance its policy objectives, we are concerned that the facts and circumstances of the Theo Chino appeal are extremely weak and may be suboptimal for any amicus brief being filed on behalf of the XXXX. In particular, it appears that Theo Chino and his company lack standing to prosecute the appeal, and as a result, this appeal appears to not address any significant policy issues that we assume the XXXX is keen on advancing. We are of course available to discuss this further with the XXXX in the event there are any considerations that we may have overlooked.
In connection with our analysis, we have reviewed Appellants' opening brief, the Supreme Court's decision and order that was appealed from, and the parties’ briefing before the Supreme Court o the Defendants-Respondent's motion to dismiss the complaint and Article 78 petition for lack of standing. We also have reviewed key legal authorities cited in Appellants' brief and the briefing below on the motion to dismiss and conducted some further independent research on the issues involved. Our preliminary conclusion is that, based on the factual circumstances of this case - in particular, the fact that the Plaintiffs-Appellants did not complete corporate entity's application to DFS or receive any determination that the challenged regulations even apply to the business - the appeal is not meritorious and does not present an opportunity for a compelling amicus argument, public-policy oriented or otherwise.
I. Factual and Procedural Background
Theo Chino ("Theo") and his company Chino Ltd. ("Chino") challenge the DFS's "virtual currency" regulation (the "Regulation"), which went into effect in June 2015 and, inter alia, required virtual currency businesses to acquire a license and abide by other mandates, such as maintenance of adequate books and records and minimum capitalization requirements. In 2013, prior to the enactment of the Regulation, Theo established a small business to process Bitcoin payments on behalf of convenience stores. Upon the Regulation's enactment, Theo filed for a license under the Regulation on August 7, 2015. He then initiated a pro se proceeding on October 16, 2015 challenging the Regulation, before receiving any response from DFS regarding his application. On January 4, 2016, DFS returned the application stating that it could not be processed because it contained "extremely limited" information and, among other things, did not describe the business in which Chino was or would be engaged and did not specify in what respect, if any, the business involve virtual currency. Thus, DFS explained that it could not determine whether Chino was subject to the Regulation. In response to the DFS letter, Theo discontinued Chino's Bitcoin-related services, although Chino continued as a non-operating business. Thereafter, Theo and Chino retained counsel, which filed an amended complaint and Article 78 petition challenging the Regulation. Defendants-Respondents moved to dismiss for lack of standing.
II. Order Appealed From
On these facts, the Supreme Court, we think correctly, held that the Plaintiffs-Petitioners lacked standing both with respect to the Article 78 petition and the challenge to the constitutionality of the Regulation. With respect to the Article 78 Petition, the Court observed that CPLR 7803(3) allows a petitioner to challenge "whether a determination was made in violation of lawful procedure, was affected by an error of law or was arbitrary and capricious or an abuse of discretion" and here, because DFS did not reach a decision on Chino's application, there is no "determination" for the Court to review. Moreover, the Court explained that a petitioner must exhaust available administrative remedies before permitted to litigate in a Court of law. The Court considered the "exceptions" to this exhaustion principle, which Appellants claim in their appellate brief are applicable here, but determined that the exceptions are not applicable, again because of the petitioner's failure to complete the DFS application. Because of this failure, DFS did not take any action - constitutional or otherwise - that the petitioner could challenge in an Article 78 proceeding. With respect to the plaintiffs' standing on the constitutional challenge, the Court found this was a "much closer issue," but again found that plaintiffs lacked standing. This determination also came down to plaintiffs' failure to complete the DFS application: the Court concluded that the plaintiffs did not show "injury in fact" required for standing because they did not properly apply for the DFS license required by the Regulation. The Court also rejected plaintiffs' economic loss argument because Chino never made a profit before the Regulation and its losses after enactment of the Regulation were consistent with its prior financial history.
III. Merits of the Appeal
In their Appellate brief, the Appellants do not engage, at all, with the Court's determination that their failure to complete an application for a license under the Regulation or submit enough information to allow DFS to determine whether the Regulation applies to their business deprives them of standing. Nor do the Appellants cite any authority that demonstrates that such a failure is not fatal to their standing.
With respect to Article 78 standing, Appellants argue why each of the exceptions to the "exhaustion" principle apply to their action without addressing the fact that, in the first instance, DFS never made a regulatory determination with respect to their business. Setting aside this threshold issue, the authority cited by the Appellants to support the applicability of these exceptions to their circumstances are extremely weak. On their argument that their action is excepted because DFS acted beyond its legislative power, they cite to Bankers Trust, which acknowledges this exception, but found that, in that case that the relevant agency had acted within its statutory authority. For the constitutional exception, Appellants cite only to Martinez 2001 and incorrectly state that, in that case, the First Department found that the exhaustion doctrine was inapplicable. In Martinez 2001, the First Department explicitly found that the exhaustion doctrine was applicable, stating that it was "not convinced that plaintiffs' procedural due process argument is the type of unconstitutional agency action that is exempted from the exhaustion doctrine." Martinez 2001 v. N.Y. City Campaign Fin. Bd., 36 A.D.3d 544, 548-49 (1st Dep't 2007). The cases cited by Appellants on the futility exception are equally inapposite. In fact, Lehigh, seems to demonstrate why, under the circumstances here, exhaustion would not be futile. Cf. Lehigh Portland Cement Co. v. N.Y. State Dep't of Environ. Conservation, 87 N.Y.2d 136, 141 (1995) (finding exhaustion of administrative remedies futile where the agency had "arrived at a definitive position which concretely affected the status of plaintiff's BUD petitions and then communicated that position to the plaintiff" (emphasis added)); see also N.Y. Inst. for Educ. of Blind v. United Federation Teachers' Comm., 83 A.D.2d 390 (1st Dep't 1981) (affirming dismissal of complaint for failure to exhaust administrative remedies where the Labor Relations Board had not passed on the issue of whether the plaintiff was a "public employer" within the meaning of the challenged regulation). Finally, with respect to the irreparable harm exception, Appellant's argument rests on the flawed assumption that the statute of limitations on their Article 78 challenge would expire if they waited for DFS to make a decision on their application. It is the DFS's decision on the application, however, that would trigger the statute of limitations for the Article 78 proceeding, so there is no way that, in awaiting this decision, the statute of limitations for the Article 78 proceeding would expire. In fact, when challenging the actual substance of the regulation, as the Appellants do here, rather than its application, the four-month statute of limitations for Article 78 proceedings is not even applicable. See Westhampton Beach Assoc., LLC v. Incorporated Village of Westhampton Beach, 151 A.D.3d 793, 795 (2d Dep't 2017).
Appellants' argument that they can demonstrate "injury in fact," as required to challenge the constitutionality of the Regulation, is equally problematic. Their argument here rests on the assumption that the Regulation applies to their business; but, as set forth above, DFS never made this determination. As Respondents pointed out in their motion to dismiss, Appellants voluntarily shut down the business before DFS processed Chino's application or issued any sort of rejection, direction or mandate. Thus, any injury to Appellants was not caused by the Regulation. Appellants also rely upon the $5,000 application fee and the costs of compliance with the Regulation to support their claim of injury. As observed by the Court below, however, Appellants did not actually pay the $5,000 application fee (instead submitting a handwritten request for fee waiver). Moreover, as argued by the Respondents on their motion to dismiss, Chinos never ascertained whether the business would need a license to operate under the Regulation, so any claim with respect to the cost of compliance is entirely speculative.
IV. Considerations Relevant to a Potential Amicus Brief
In light of the above, we don't think that we want to submit an amicus brief in this action. Issues related to the regulation of cryptocurrencies that have been percolating as of late (and are presumably of great interest to the XXXX) are not really implicated by this appeal. The issue here is of the Appellant's standing, and the Supreme Court's determination on this issue is based on the fact that, here, Appellants were not the subject of any DFS action or determination, rather than any legal principle that would be applicable to other cryptocurrency businesses. The Supreme Court did not address, and the appeal does not implicate, issues that would be relevant to other cryptocurrency businesses other than the Appellants, such as (i) whether virtual currencies are a financial product or service subject to regulation by DFS; (ii) whether the Regulation is arbitrary or capricious; or (iii) whether the Regulation is preempted by Federal Law. Thus, we do not see a public-policy/interest angle that we could compellingly sponsor in this appeal.
Hello everyone 👋
It's monday, a new week, and today we are back with our fortnightly newsletter to update you on the progress of the revolutionary TrustUnion project.
Event in Thailand 🇹🇭
Two weeks ago, from March 4th to March 6th, we attended a Blockchain event in Thailand, organized by CoinAdvice. It was an excellent experience and our CEO Mathias Valon and our CTO Cyril Ternay were able to attend numerous professional meetings to strengthen the project network with investors, consulting companies and influencers in the Blockchain community. The event speakers were very interesting, and all relevant. Our CTO Cyril Ternay had the great opportunity to present the TrustUnion project on stage, interact with the audience, and speak to the organizers for a few moments. Our presence at this type of event is important for reinforcing the visibility of the project and increasing public awareness.
Whitepaper 📓
As we announced in the last newsletter, we have finished writing the preliminary version of our Whitepaper. We are currently working with a professional design agency on the design and branding of TrustUnion, and we want to offer a version of our White Paper that is consistent with the rest of our documents. We have had a range of positive feedback from our Beta-Readers, who have read the White Paper over the past few weeks. Following these remarks from people from various backgrounds, we will update the document in order to improve certain technical, editorial and project development aspects. To add to the White Paper, we have completed our Mathematical Paper. This document was written by our official advisor and mathematician, Mr. Nicolas Gauvrit, with the aim of presenting the TrustUnion project technology in its mathematical aspects, with our “Little World” theory. This paper is currently being translated and will then be circulated to our Beta-Readers, both those with and without a mathematical or technological background.
News Articles 📰
We invite you to visit the Bitcoin Exchange Guide website which has published a new article on our project entitled: TrustUnion (TUN Token) Review: Blockchain- Based Trust As A Service? It presents a broad outline of the project’s aim to enhance the impact that TrustUnion can have on our methods of consumption by trust. The website Coin News Telegram has published the same article in French.
Mathias Valon: Top 50 must-follow influencer 😎
Our CEO Mathias Valon has been featured as one of the top 50 must-follow influencers covering crypto and Blockchain by the site CryptoWeekly. This is due to his activity on networks such as ICO Bench, Twitter and Linkedin. This is very positive for the image of the project and reinforces the professionalism of our team, and our CEO. Mathias is a serial entrepreneur who has developed and operated seven successful companies around the world. He has worked in the technology sector for more than 15 years. Mathias is a trust and innovation researcher, an ICOBench blogger and a member of the AFGC. He also holds diplomas in Expert Technologists Blockchain and Blockchain Business Solutions, obtained in the United States in 2018.
Thank you for your attention, and we will bring you our next newsletter in another 2 weeks. In the meantime, if you have any suggestions or questions about our project, do not hesitate to contact our team at the following email address: contact@trustunion.com. Our announcement channel is also a good place to get the latest TrustUnion news, updates and information. Have a pleasant week ❤️.
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Hello everyone 👋
It's monday, a new week, and today we are back with our fortnightly newsletter to update you on the progress of the revolutionary TrustUnion project.
Event in Thailand 🇹🇭
Two weeks ago, from March 4th to March 6th, we attended a Blockchain event in Thailand, organized by CoinAdvice. It was an excellent experience and our CEO Mathias Valon and our CTO Cyril Ternay were able to attend numerous professional meetings to strengthen the project network with investors, consulting companies and influencers in the Blockchain community. The event speakers were very interesting, and all relevant. Our CTO Cyril Ternay had the great opportunity to present the TrustUnion project on stage, interact with the audience, and speak to the organizers for a few moments. Our presence at this type of event is important for reinforcing the visibility of the project and increasing public awareness.
Whitepaper 📓
As we announced in the last newsletter, we have finished writing the preliminary version of our Whitepaper. We are currently working with a professional design agency on the design and branding of TrustUnion, and we want to offer a version of our White Paper that is consistent with the rest of our documents. We have had a range of positive feedback from our Beta-Readers, who have read the White Paper over the past few weeks. Following these remarks from people from various backgrounds, we will update the document in order to improve certain technical, editorial and project development aspects. To add to the White Paper, we have completed our Mathematical Paper. This document was written by our official advisor and mathematician, Mr. Nicolas Gauvrit, with the aim of presenting the TrustUnion project technology in its mathematical aspects, with our “Little World” theory. This paper is currently being translated and will then be circulated to our Beta-Readers, both those with and without a mathematical or technological background.
News Articles 📰
We invite you to visit the Bitcoin Exchange Guide website which has published a new article on our project entitled: TrustUnion (TUN Token) Review: Blockchain- Based Trust As A Service? It presents a broad outline of the project’s aim to enhance the impact that TrustUnion can have on our methods of consumption by trust. The website Coin News Telegram has published the same article in French.
Mathias Valon: Top 50 must-follow influencer 😎
Our CEO Mathias Valon has been featured as one of the top 50 must-follow influencers covering crypto and Blockchain by the site CryptoWeekly. This is due to his activity on networks such as ICO Bench, Twitter and Linkedin. This is very positive for the image of the project and reinforces the professionalism of our team, and our CEO. Mathias is a serial entrepreneur who has developed and operated seven successful companies around the world. He has worked in the technology sector for more than 15 years. Mathias is a trust and innovation researcher, an ICOBench blogger and a member of the AFGC. He also holds diplomas in Expert Technologists Blockchain and Blockchain Business Solutions, obtained in the United States in 2018.
Thank you for your attention, and we will bring you our next newsletter in another 2 weeks. In the meantime, if you have any suggestions or questions about our project, do not hesitate to contact our team at the following email address: contact@trustunion.com. Our announcement channel is also a good place to get the latest TrustUnion news, updates and information. Have a pleasant week ❤️.
https://i.redd.it/x0kjyxgefsm21.png
Brief Introduction of the Hackathon
Since the publication of the "Bitcoin White Paper" by Nakamoto in 2008, Blockchain has played a major role in various industries and has gradually become a core technology for inno-vation and breakthrough.
This hackathon is organized by Hitachi in hope to attract and challenge block-chain enthusiasts into creating excell-ent business solutions and improving the world based on the FinTech chall-enges:
Introduction of Hitachi
Hitachi is a multinational group from Japan and a Fortune 500 company that operate many segments, including home appliances, energy, finance and other fields. Hitachi is very concerned about the development of blockchain techno-logy and joined the Hyperledger project in 2015 as one of the start-up members of the project. Hitachi is actively exploring the application of blockchain in the financial sector, including insu-rance, international trade and others. Blockchain technology, big data and AI are considered by Hitachi to be technologies most likely to create revolutionary financial services.
Introduction of SCRY.INFO
https://home.scry.infoScry.info
SCRY. INFO is a blockchain open source protocol based on real data sources providing and exchanging platform for storage, verification, utilization, analy-sis, sharing and trading of real world data. Interactions within the Scry community are made through SXRY.INFO’s built-in smart contracts to access, share and utilize a wide spectrum of data as fed and verified by the mass users on a distributed basis. Scry.info also enables users to custo-mize industry/event-specific smart contracts to be applied to various scenarios and niches, such polls or prediction markets in sports, entertain-ment, agriculture, financial market and so forth.
The description of the development environment provided
By providing SDK for data exchange through blockchain, developers can more conveniently develop DAPP appli-cations. It mainly includes the following contents: data encryption and decryption, digital signature, smart contract, event notification, data storage interface, data acquisition and query, digital currency payment, the third-party App payment interface, etc. The process is as follows: the data provider writes data and metadata through SDK (data includes static data and dynamic data which have the agreed format; metadata mainly includes data signature, data description and other information); the data demander can find the required data through SDK and obtain the data after paying digital currency. The data verifier becomes one by pledging a certain amount of digital currency to the smart contract. In the process of data exchange, the data demander can initiate the compensable data verification request or transaction arbitration to the smart contract, and the verifier is randomly selected by the smart contract. All participants in the data exchange can score each other in the transactions；The smart contract would record the transaction and scoring information of the participants and generate the reputation evaluation of the participants. The reputation evaluation information can be inquired through SDK.
Introduction of XNODE
XNode is an innovation accelerator dedicated to bringing business trans-formation to entrepreneurs and large companies. XNode, based in Shanghai, provides professional localization services for entrepreneurs and large companies while helping them link innovation forces around the world. In addition to providing quality office space services, XNode has established an entrepreneurial innovation com-munity, and cooperates with many incubators and innovative platform partners from different languages, cultural backgrounds and different industries to learn and communicate with each other. Xnode is committed to helping the next generation of entrepreneurs break the shackles of the industry and redefine and build the future of the industry.
Introduction of CSDN
The "Chinese Software Developer Network" CSDN, founded in 1999, is committed to providing Chinese soft-ware developers with life-cycle services such as knowledge dissemination, online learning, and career development. As of December 2018, CSDN has more than 26 million + technical members, 10 million posts in the forum, 7 million technical resources, 14 million blog articles, 6 million new media matrix fans, and has cooperated with thousands of tech-nology companies and technical communities. CSDN has more than 500 full-time employees, located in Beijing, Shanghai, Shenzhen, Wuhan, Chengdu, Jiangsu and other areas.
Who can participate?
All participants with the applications of blockchain in the field of FinTech can participate. The Organizing Committee recommends, but is not limited to the following:
1. Startups
2. Blockchain developers
3. University students
4. Personnel related to the financial industry
Why participate?
Timeline of the Event
1.Registration Phase
7th March – 19th March
During the registration phase, you will need to register as a group or individual and provide relevant information. After receiving your application, the Hacka-thon's committee will communicate with you and confirm your participation on 20th March.
Note:
1) group registration: Please ensure that your group has a member who can communicate and speak fluently in English.
2) Individual: Please fill in the registration information in detail according to the requirements, so that the Hackathon's committee can arrange a group for you.
2. Confirmation Phase
20th March
All groups or individuals who are qualified will receive a call and email notice from the Hackathon's committee. Please ensure that your email and mobile phone will be available on 20th March. After confirming, please arrange your own itinerary to ensure that you or your group will be able to attend the Hackathon Day.
3. Hackathon Day
23rd March - 24th March
3F, No.800 Naxian Road, Pudong, Shanghai
Hackathon Day
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High quality service at a great price. 5 concurrent connections at the same time with only 1 subscription. Any combination of MAC and M3u type devices.
Our APK allows users to manage their own MAC addresses as well as categories that you see during play.
Works on almost all devices from IOS, Android, Windows, MACs.
For the sports fanatics out there our MatchCenter section is going to be your home. Nicely organized section in our apk and website where you can easily see all the sporting events in one central location. Within our website MatchCenter allows you to watch up to 4 games at once.
Activation can be done within 15mins of payment being received. No waiting 24 hours for your email to get processed.
Prices are quoted in Canadian dollars.
Payment Options......
For customers service I normally reply within the hour.
Trials are available but are NO LONGER FREE. Too many people where abusing them. Trials will now be $3 and are good for 1 day. If you go with a sub, the charge will be deducted from the total amount.
Referral program, for every 2 people you refer, your monthly subscription price will be $1 less. No limit to that so if you refer enough your subscription will be free.
Backup provider available as well.
Any questions please feel free to msg me.
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Hi folks,
Thanh’s here,
We had a rough time in the last few days with the Nexty price as Nexty’s price has fallen sharply compared to its stability in the previous months, in addition the crypto market was also stumbling at a very difficult period. Many projects fell to only one tenth of the price compared to the time of the ICO.
As the Chief Technical Officer and the co-founder of Nexty project, as well as investors, I understand your anxieties along with what you are going through in this market. I also noted the criticisms and tough words from different members of the community to the development team and support team.
However, I want you to understand that even though the crypto market is under severe strain, we remain faithful to the project, and will seek different ways for us to overcome this difficulty together.
Furthermore, I want to tell you about Nexty’s vision in the near future.
There’s a story I just heard recently, but in fact it’s been going on for quite some time, 20 years ago, even though it’s still going on in some places. When we travel abroad, we have to exchange from our inland money to the local currency. The process is cumbersome, which requires you to go to the service of money exchange, as well as spend a small exchange fee from 3 to 7%.
Fortunately, a few years later, people were able to use credit cards widely in many countries, so exchanging the currency would reduce the pressure but not reduce the exchange costs. It also raised concerns about the security of credit card data.
Such payments are gradually improving, and it really enhances the user experience in a convenient and cost-effective manner.
The recent use of Cryptocurrency makes it easier to convert currencies across borders. Many stores even accept Bitcoin or Ethereum as a payment method, but it has some flaws. Imagine this, you go to a cafe to order a cup of coffee for $2. The equivalent conversion value at October 2018 is 0.000308 BTC and you have to wait 30–40 minutes for the café to receive your payment.
Also, there were times when the transaction could costs up to 36 USD for a transaction with BTC. Now, the transaction fee is not as high — from $ 0.15 to $ 0.2, but is it worth it for 10% additional in price, not to mention the potential inflation if the transaction volume increase?
Back to Nexty, can our platform solve the problems mentioned above? With the existing features, users find it so easy when buying a cup of coffee without having to think of transaction time — almost instantaneous, with zero transaction fees.
NTY can be used in any country that accepts Cryptocurrency as payments. Not only Nexty has a smart contract, but many other crypto currencies also can be created on the Nexty platform and inherited all the features from it. This contributes to establishment of an ecosystem in micropayment, including ecommerce and retail. It helps projects in these areas to make a smooth transition.
Moreover, in the future when the swap solution is implemented, we may even be able to move BTC, ETH into the blockchain of Nexty to use the features mentioned above.
What do we have at hand? Technology is constantly developing, and ecosystems are under construction. We have members and investors who have faith and persevere with their beliefs. I am looking forward to working together to overcome this difficult time by believing in us, while we implement plans to expand our users and investors base of Nexty’s platform. By striving to bring Nexty to the top exchange, focusing on social networking, participating in blockchain events as well as micropayment, ecommerce, retail, and listening current investor’s ideas, I believe Nexty will become widespread, thus creates a lot of demand for NTY in the future.
As part of the plan to bring NTY out of its current situation, we propose the following plans for the next two months:
Listing announcement from Oex (from 25–28th October)
Change smart staking rate (from 25th)
Working to list on Coinall — a strategic partner with Okex so that we have chance to list on Okex (within 3 weeks to be listed on Coinall)
Enhance the price performance with some assistance from you in our community:
- Announcement that we need help from community to focus on Coinall and attain good trading performance on Coinall with purpose to be listed on Okex
- Announcement for the proposed 6 Billion coin burning in 11/20/2018
- preparation for the SNS campaign to attract new investors from 11/01/2018
- Assistance from community to hold the price to 0.6 won within a week (to be announced)
- Increase 7-day smart staking rate to 3% (to be announced)
- Run SNS campaign to attract more new investors (11/15/2018)
And finally, I sincerely hope that Nexty will still get the great support from the community to strengthen us in the long run!
Thank you and Best regards,
- Thanh Dao
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New threads start every Sunday, and will be stickied at the top of the subreddit.
Here are some places to find things to do: Cityview's Calendar - Juice's Calendar - Des Moines Register Event Page - Catch Des Moines Calendar
If you have any recurring events, specials, or other suggestions for this weekly thread, please send us a modmail
THANKS FOR HELPING US CROWDSOURCE THIS
Trivia Nights:
First Monday of the month is Mona's Pub Quiz at The Lift
Benchwarmers in Ankeny on Mondays
Tuesdays at Blue Moon in WDM - starts at 8
Wednesdays at Fireside Grille in Altoona -starts at 8
Trivia Thursdays at The Ingersoll Tap.
Tuesdays at Quinton's
Gas Lamp has triva on Tuesday
Tuesdays at Basement Bar at Des Moines Social Club
There's trivia at The Beer House in Urbandale on Wednesdays, 7pm. Also at F&O's on Fridays, 9pm
Tuesdays at Wellman's Ingersoll
Geeks Who Drink at Red Monk is actually trivia. They do have specials, but the main event is trivia.
Wellmans Pub on Ingersoll has trivia Tuesday night at 8
Trivia at Thunder Head in Ankeny every Tuesday
Trivia at the Keg Stand, Thursday nights (I think it starts at 8:30?)
Hi, I'm the owner of Mad Meatball Pizzeria & Pub, located at 401 SE 5th St in Des Moines. We have Trivia every Wednesday at 7:30pm. The Special for the Trivia AYCE Wings for $10 from 7-10pm and $1 off all craft and import beer.
Drink Specials:
2 for Tuesdays @ the Flying Moose every Tuesday all night (Also, 2 fers every day until 8pm)
Beechwood has 2 for 1 on tuesdays.
Tuesday night is dollar domestic bottles at Streetcar 209
Quintons: Thursday Half off all drinks
Quarter beers at both Flying Moose and Mickey's Clive on Weds
Wednesday is geeks who drink at the red monk
Lift has $3 draws on Thursday
First Wednesday of every month there is a bottle share at 515 Brewing @ 6
Wacky Wednesdays at Hero's on Court Ave are 2 for 1's all night each week
Sunday nights at Lime at Lime Lounge in the East Village has live Hip Hop acts and DJs, no cover, 2 for $5 wells, 2 for $10 martinis and mojitos, 3 for $7 lime drop shots, and a $1 well drink power hour
Weekly Open Mic night:
Gas Lamp now does karaoke on Tuesdays (with a live band for you to sing with!).
Tuesday night comedy open mic at Lefty's Live Music at 8pm.
open mic every Tuesday at Luckys at 8.
Friday night at the Beechwood is free stand-up comedy.
Acoustic music open mic at AJ's on East Court, Sundays at 4pm
Free Killer Queen at Up-Down every Thursday!
There is trivia at The Ducktail Lounge on Sunday’s.
Other Ongoing Events:
Blues Jam Band every Tuesday at Carl's Place, $3 tallboys
Des Moines Bitcoin and Blockchain MeetUp at Gravitate in West Des Moines - 2nd and 4th Thursdays of each month (eg Oct 25th) at 7:00pm
If any of these are no longer current or you would like to add something, please ping /u/annarchist to update this thread otherwise I may miss it.
Is the brightest light in the sky a star or a massive bomb?
https://cryptobriefing.com/what-is-aurorachain-introduction-to-aurora-aoa-token-2/
By Brian Penny On Mar 2, 2019
https://i.redd.it/5kqc5beddpm21.png
AuroraChain is a blockchain-based smart-contract platform announced during May 2018’s “Beyond the Blocks” event in Seoul, South Korea. It was created to compete with Ethereum’s decentralized application ecosystem. Aurora AOA, AuroraChain’s native cryptocurrency, was originally developed as ABitchain (ABTC), and uses a Delegated-Proof-of-Stake (DPoS) and Byzantine Fault Tolerance (BFT) consensus mechanism.
The AuroraChain mainnet launched in the summer of 2018 with support for both the Ethereum Virtual Machine and Solidity programming language. AuroraChain’s average gas fees are 0.0001 AOA, and it can reach transaction speeds of 2000 transactions per second (TPS), which is on par with the EOS blockchain.
The key pain points AuroraChain relieves in Ethereum’s blockchain are congestion, scalability, and upgradeability. It believes its P2P stereo network is the way to do this. But it’s not even a year old yet and entering an already-crowded marketplace.
Every blockchain project is aware cross-chain functionality and integration with legacy systems and data is a must-have feature. AuroraChain’s team was quick to market, but it still has a long fight ahead of it.
Will AuroraChain be snuffed out before it gets old enough to walk, or will it forge the right partnerships to stand strong against a wave of blockchain-based competitors?
We’ll start our search for answers by examining the market performance of AOA, AuroraChain’s proprietary token, on the cryptocurrency market.
As of February 27, 2019, the circulating supply of Aurora is 6,542,330,148 out of a total supply of 10,000,000,000 AOA. Its peak price so far was $0.060106 on July 18, 2018.
The initial supply of AOA and ABTC was airdropped throughout 2018 for performing a variety of tasks, such as joining the Aurora Telegram group in a variety of languages or following the official Twitter account. The Aurora Foundation retained 40 percent of the initial supply, and early investors retained 34 percent. The remaining 26 percent was airdropped to the community.
Holding AOA in an approved wallet or exchange gives the power to elect a delegate to validate transactions for rewards and vote on network governance. Staking rewards are then distributed among the community. This helps maintain a mix of security and decentralization.
Despite being so young, nearly $2 million worth of AOA is traded on a daily basis. AOA is accepted by Kucoin, CoinEgg, Bitinka, and Indodax so far. It’s constantly looking to secure more cryptocurrency exchange partnerships.
The AuroraChain Foundation created official Aurora wallets for PC and Mac, along with a Lite wallet for mobile. Third-party cryptocurrency wallets that support AOA include Kcash and Math Wallet.
Because it’s late to the game, AuroraChain had plenty of time to learn from the mistakes of other blockchains. What the team essentially did was study the problems of existing blockchains and create a solution to those problems.
First, block forging and smart-contract validation is performed through a DPoS model described above. In addition, the nodes are kept honest through the BFT consensus which locates offline or faulty nodes to remove them from the network. This makes it a lean blockchain 3.0 project.
In addition, the P2P stereo technical structure it uses makes it a more distributed blockchain rather than other decentralized systems. This means trust is passed through a mesh network and the consensus model rather than every node needing the entire digital ledger.
This cluster-computing structure uses the interconnectivity of multiple parallel chains to allow for higher transaction throughput.
Intelligent App Isolation is AuroraChain’s answer to speeding up transactions. Once smart-contract transactions are verified, they’re stored in the Pending Zone as part of its Intelligent App Isolation system.
AuroraChain is targeting industries like gaming, artificial intelligence, big data, and the Internet of Things with this sleek new blockchain.
Co-founder and VP Bo Zhang told News BTC he believes AuroraChain’s low transaction fee and open platform will attract a community of developers who build a dApp ecosystem to attract both enterprise and consumer users.
The sky is the limit for AuroraChain, but this lack of focus leads many analysts to believe it’s all buzz with no brawn. NASDAQ reports Weiss Ratings gave the AuroraChain AOA project a D- rating, making it one of the lowest-grade cryptocurrency investments.
Talk of bulls and bears aside, the criticism boils down to AuroraChain building a somewhat-functioning product (many of its claims haven’t been fully tested in the real world, as the mainnet has been on the market for less than six months so far) that may or may not get any use.
AuroraChain has great viral marketing and PR chops, and it’s certainly not vaporware. But until the team secures enterprise partnerships and vendor buy-in, market acceptance of Aurora is a long ways away.
AuroraChain is a new project less than one year old. It hit the scene with a lot of hype, but it’s still building an ecosystem that other blockchains already have. If the team can secure the right partnerships, it can stay afloat, despite analyst bets against it almost across the board. To do that, it needs to sell the world on these key factors.
For AuroraChain to succeed, it needs to continue its aggressive marketing and hope the “if we build it, they will come,” strategy pays off. It’s a gamble that has many analysts worried, but high-risk investors may appreciate it.
All data of clients in The Collective structure is on the blockchain. Servers are not required in this system, this is because of the cost paid by customers. Bringing its own special extraordinary reason system, The Collective offers incomprehensible focal concentrations to customers who have a CDEX token.
The Collective, which gets data from customers for each token on the stock trade, records the undertakings on a working system. Going before posting, The Collective needs customers to settle on a decision and records the most acclaimed exercises. Customers who have a great deal of CDEX token have a higher hurling a throwing a ticket control. The Collective, driven by a get-together put huge essentialness in progressing, has pushed The Collective structure for modernized appearing. With this beguilement which has a colossal far reaching customer people, experts can in like way have a sensible time while the exercises are being advanced with VR improvement. The nuances of this productive endeavor referenced above can be gotten to from the running with online life channels.
A couple of trades which ask for charge from each trade for instance trades and demands made by customers, don't guarantee the advantages of the customers if there ought to be an event of a strike. Basically the close to police are told by many stock trades. The condition in joined trades passed on as an answer against the central stock trades does not see all around changed. Due to these trades asking for the private keys from the predictable customers, researchers can't make major trades. The bots in the stock trades that have a basic refinement between the customers are constantly forsaken adversities. These structures, which are documented to Bitcoin costs, figure the asking for and the errands performed by the customers deductively and the customer takes the time he moves and a substitute way. Stop, limit bargains, for instance, the offer exchanging structure does not have distinctive sorts of securities trade fiascoes on account of various customers.
The Collective, which has been working for quite a while and has accomplished distinctive pragmatic endeavors in the earlier years, has valued its very own uncommon elective systems to enlighten these negative conditions experienced by budgetary specialists. The Collective, which sees each endeavor that enters its securities trade as its very own extraordinary customers, does its best to ensure the persuading wrap up the undertakings.
Site: https://www.thecollectivegroup.org
Bounty0x Username: ability4real
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GoWithMi is a digital platform that seeks to create the world's first complete infrastructure of decentralized location-based services (DLBS).
GoWithMi will provide a complete and reliable service for the exchange of geospatial data, designed for large-scale companies working with data, computers, personal, commercial and environmental organizations. This will lead to multidimensional, more secure and reasonable cost streams and will complement the last key component of the blockchain for expanding applications in the real economy.
The geospatial consensus network of the platform consists of data, spatial computing power, self-organizing asset nodes, and a platform for supporting the sharing of business applications. With the integrated DLBS, Super Oracle and Consensus Map platform, which uses a consensus algorithm, GoWithMi will encourage participation and allow each user to benefit.
It will also support all blockchain platforms and provide universal support for all applications that seek location-based services.
Main characteristics
Decentralized location services
GoWithMi seeks to completely decentralize the main component of the Internet ecosystem - geolocation service and make it the heart of the entire blockchain network, which can be used by various top-level Internet applications and blockchain networks.
The DLBS platform includes a complete set of location systems on the map, search and query, route navigation, search for peripheral and traffic information, and spatial analysis. All data and services operate in a “spatial computing” Gaia network, available on the GoWithMi platform.
Using this technology, the platform will store complete data in a chain, take into account PoW decentralization, high EOS efficiency and equal access rights when it comes to mining. In the end, this will allow the decentralized operation of a location-based service system to go on forever.
Mr. Freeman recently turned nine. Kind of funny coincidence: the project is nine months younger than Bitcoin. Its background including all the adjoined projects is a mere sequence of social experiments. These separate worlds – the one of cryptocurrency and blockchain technologies and the one of Mr. Freeman including now Freeland virtual state have one common ground, which is an attempt to present an alternative point of view on general events despite the stagnant question: “Can it really be done like this?” Mr. Freeman is the brainchild of pure enthusiam without any outer financing involved. It is a DIY project [...]
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Introducing CoinCasso This exchange was emanated from a group of CoinCasso project (a registered project that have a license in Estonia). The CoinCasso project is created to be a marketplace for trading of cryptocurrencies and other kind of currencies like euro and co. They came into existence in order to help upgrade the services of cryptocurrency exchange and also bring solutions to various challenges exchange might have been facing. In a nutshell, CoinCasso Exchange will be the first licensed cryptocurrency exchange platform. The exchange will run on services of their token CCX and ATM network; and will also distribute and shares the profits made from the exchange with the users of the exchange. So therefore, CoinCasso is an exchange where crypto enthusiasts can buy and sell cryptocurrencies against EURO pairs.
CCX is the abbreviation of the coincasso token which is the native token the hybrid exchange, it was created on the ethereum protocol which makes it erc-20 compatible. It was created to be used as the customary mode payment for all transactions carried out on the exchange, to ensure added bonuses and discounted service charges users will have to hold and make use of the #ccx tokens.
Numerous merits of Coincasso • Easy to use interface • High-tech security • Access of wallets at all times • High-tech infrastructure • Instant trade executions • Discounted transaction charges • Crypto to FIAT and FIAT to Crypto gateway • 24/7 customer services • Adequate liquidity • Transparency • Decentralization
Coincasso Tokenomics NAME: COINCASSO TICKER: CCX NETWORK: ERC-20 COMPLIANT TYPE: UTILITY TOTAL SUPPLY: 100 MILLION CCX DECIMAL: 8 CONTRACT: HERE ACCEPTED CURRENCIES: BITCOIN, ETHEREUM, LITECOIN, BITCOIN CASH, ETHEREUM, ETHEREUM CLASSIC, DASH, WAVES, MONERO, USD VIA PERFECT MONEY
Token Allocation MARKETING & PARTNERS: 3% PRE SALE: 5% RESERVED: 20% CROWD SALE: 72%
Use of funds PAYMENT GATEWAY: 5% COMPANY OPERATIONS CAP: 5% RESEARCH & MONITORING: 5% LIQUIDITY: 10% MOBILE WALLET % PAY APP DEV: 10% ATM NETWORK: 15% MARKETING & EVENTS: 20% EXCHANGE PLATFORM DEVELOPMENT: 30%
Visit: https://coincasso.io
Bounty0x Username: Jadelglo
Sup-sup Monteros!
Here is report from XMR.RU-team!
The whole XMR.RU team is thankful to you for your support and donations that help to disseminate relevant information about Monero.
The following articles were translated into Russian and posted not only on XMR.RU but also on Bitcointalk, Forum.Bits.Media, Golos.io, Steemit, Medium and Facebook:
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I also want to remind you about the wonderful channel of our wonderful u/v1docq47 where you can watch video news about Monero --> https://www.youtube.com/channel/UChZc5PLsbP5zeFrmOYMKGmA/videos
Few of you understand Russian, but I think it is not difficult to subscribe to the channel and put a couple of likes, and this will help to spread Monero among Russian-speaking users in the future.
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Who we are?
Group of Monero enthusiasts from Ukraine and Russia.
What are we doing?
We spread the word about Monero for the whole CIS.
You can support us, so we can translate more interesting stuff about Monero.
XMR: 42CxJrG1Q8HT9XiXJ1Cim4Sz18rM95UucEBeZ3x6YuLQUwTn6UWo9ozeA7jv13v8H1FvQn9dgw1Gw2VMUqdvVN1T9izzGEt
BTC: 1FeetSJ7LFZeC328FqPqYTfUY4LEesZ5ku
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Here you can see for what all donations are spent on. ;-)
Cheers!
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With the introduction of blосkсhаіn came ѕеvеrаl ассоmраnуіng аррlісаtіоnѕ such аѕ dіgіtаl cash ѕуѕtеmѕ, biological communities wіth іnduѕtrіаl аnd down to earth applications, аѕ well аѕ a methods for qualities and resources еxсhаngе over ѕесurе stages.
The idea оf thе dіgіtаl сurrеnсу mаrkеt ѕуѕtеm wаѕ іnаugurаtеd with thе аdvеnt оf thе Bіtсоіn сrурtосurrеnсу. Thе уеаrѕ have ѕееn thе аѕtrоnоmісаl grоwth оf thе Bitcoin in vаluе аnd еxсhаngе control. Aftеr thе starting worth оf оnе bіtсоіn tо $0.0041, thеrе has bееn unfaltering еvоlutіоn оf the сurrеnсу аnd thе enveloping mаrkеt lосаtеd on thе blockchain. Thіѕ ѕtеаdу grоwth аnd еvоlutіоn is whаt has prompted thе сurrеnt esteem оf the іnduѕtrу.
Winning Problems Of Current Setups
In ѕріtе оf thе tеѕtіmоnіеѕ thаt are brоаdсаѕt about the business, thеrе still еxіѕtѕ іѕѕuеѕ thаt рlаguе the рlаtfоrm. Sоmе оf these рrоblеmѕ іnсludе оссurrеnсеѕ оf trаnѕасtіоn dаtа being соuntеrfеіtеd. Sоmе оthеr tіmеѕ, there are ѕеrіоuѕ ѕесurіtу сhаllеngеѕ and vulnеrаbіlіtіеѕ thаt may exist оn thе ѕуѕtеmѕ.
Fоr the аlrеаdу еxіѕtіng еxсhаngе mаrkеtѕ, thе costs ѕеt fоr lіѕtіng thе trades аrе generally tоо hіgh аnd there іѕ a commonness of ѕоmе bасkrооm bargains bеіng саrrіеd оut. Additionally, thеrе іѕ hаrdlу аnуthіng to wrіtе hоmе аbоut the оvеrаll еffісіеnсу оf the frameworks.
The COINCASSO Platform
All together tо mоvе аwау frоm thе defective сеntrаlіzаtіоn mоdеl bеіng utilized bу current frameworks, thе COINCASSO rаthеr selects to change the present issues, which plans to combine only the best qualities from the two orientation of the traditional structure and present day BLOCKCHAIN development.
The likelihood of COINCASSO is anomalous for a standard client. Since the basic mission of the principle venture contains exceptional open doors for customers, where each IR gets a chance to finish up as a working part in the improvement and determination of some fundamental decisions affecting the headway of the COINCASSO stage. By the day's end, all customers of COINCASSO will most likely make their suggestions to the advancement of the new COINCASSO stage, accordingly demonstrating the significance and importance for each other customer.
That is, COINCASSO will base the improvement of the stage on the wants of society and their necessities, along these lines improving the idea of the work and in like manner improving it characteristics.
On the off chance that we intently look at the highlights of COINCASSO stage we will found that the venture is comprised of 2 imperative highlights which are the decentralized and unified highlights. The thought is to build up a brought together stage with the highlights of decentralized stage. This is another system utilized by the new COINCASSO to correct the issues confronting the trade stages
The principle target of the COINCASSO is to change the entire fiscal world on a greater scale. This goal is inconceivably positive, as the gathering of aces has since quite a while prior expected to explain the present issues which implies the group means to unite highlights of the 2 unique stages with both their inconveniences and points of interest so one can cover for the other wherever there is slips.
The rule favored outlook of the new COINCASSO venture is its HYBRID nature which is planned with different limits and instruments. COINCASSO is perfect for both private and corporate clients who have their own tokens open for exchange.
Thusly, COINCASSO appears before us as a multi-layer framework in which highlights of both incorporated and decentralized stage will be reported, allowing to make an excellent task accessible.
The COINCASSO computerized cash wallet structured with an installment door that will add to quick trade and exchange, reviving customary money related exercises by a few numerous events, hopes to enhance all the above inclinations. An additional arrangement of ATMs and a portion terminal will develop the COINCASSO structure quickly inside brief timeframe
If we talk about the estimation of the token, the endeavor COINCASSO gives watchful thought to it. Since each intrigued speculator will share in the buy of this token, it will give the token more qualities and worth.
The token will be utilized in the stage to settle on a vital choice through its casting a ballot framework. Each token holder will have the chance to cast a ballot and choose whats best for them in the stage
The token will be utilized in the framework to make installment for exchange and each token holder will be considered for more advantages and motivators in the stage
The token will be propelled on the ethereum blockchain organize which is a standout amongst the best cryptographic money arrange. The ethereum organize is a standout amongst the best blockchain connect with rapid and straightforwardness. Each exchange made in the stage will be recorded on the ethereum blockchain arrange
TOKEN SUMMARY
Token Symbol => CCX
Token Type => ERC20
COINCASSO task will guarantee the money related framework is improved through the dispatch of its blockchain based undertaking. Before now there have been set back in the monetary framework in which COINCASSO will correct. COINCASSO will help the money related framework by taking care of its current issue with all its new highlights referenced previously. COINCASSO will be the guardian angel to the budgetary arrangement of the entire world.
Authored by Consciousone
