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Bitcoin Is Sitting Underneath A Key Technical Level
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BLOCKCHAIN FOR BUSINESS
Created by 365 Careers Last updated 1/2019 English English [Auto-generated] What you’ll learn
Keep up-to-date with the latest important projects shaping up the emerging third generation of blockchain technology
Requirements
No prior experience is required to take the course
We will start from the very basics
Description
You have heard the term “blockchain”, right? But you are still not very clear what it is exactly. Or perhaps, you know something about it, but don’t understand how it works, where its value comes from, and how is it developing currently.
It is the technology powering crypto-assets like Bitcoin, Ethereum and many others. And it has become the hottest field in the tech sector now.
Blockchain has the potential to change the world and few people realize all its far-reaching applications beyond Bitcoin.
Its disruptive potential has been compared to that of the Internet. That’s why people call it “the Internet of money” or “the Internet of value”.
Now, compare this course to having a roadmap to the Internet in the early 1990s. A comprehensive guide that enables you to fully understand the new space and empowers you to make correct fully-informed decisions. You will be able to see new business opportunities before others do. You will be able to distinguish good ideas and projects from bad ones. You will learn how blockchain works and how it can be applied in various sectors. Moreover, you will get a new perspective on decentralized economic systems, which are expected to play a huge role in the future. This is the “sharing economy” 2.0 – powered by crypto-economics and blockchain.
This is what “Blockchain for Business: The New Industrial Revolution” will teach you!
Our mission is to provide the most comprehensive educational material on the subject, which delivers the best value for money to our audience.
After last year’s unprecedented growth of the crypto-asset market, fuelled by speculation and emotions, it is high time to increase awareness and understanding of blockchain technology among the general public.
We believe that understanding should come first, before anyone starts making any decisions with real-world implications. That’s why we created this course and tried to design it in the most clear, accessible and fun way. This is by no means a highly technical course and our focus here is not programming. We are not going to show you how to write code. But we are going to explain everything else, which is relevant and important to know about blockchain.
Our materials are designed to explain the fundamentals of blockchain technology, crypto-economics and their applications in business and everyday life to people without a technical background.
We hope you are as passionate about constantly upgrading your knowledge base, as we are. Because knowledge is power!
So, let’s begin! Take this course today and become part of the new industrial revolution that is already shaping the future!
P.S. We believe this is an excellent educational product. But if you are not completely happy with the value you have received at the end, don’t worry – we offer a full 30-day unconditional refund. Sounds amazing, right? So, why wait? Your bet is hedged, and you have unlimited upside! Let’s start our blockchain journey together!
Who this course is for:
What you’ll learn
Keep up-to-date with the latest important projects shaping up the emerging third generation of blockchain technology
Requirements
No prior experience is required to take the course
We will start from the very basics
Description
You have heard the term “blockchain”, right? But you are still not very clear what it is exactly. Or perhaps, you know something about it, but don’t understand how it works, where its value comes from, and how is it developing currently.
It is the technology powering crypto-assets like Bitcoin, Ethereum and many others. And it has become the hottest field in the tech sector now.
Blockchain has the potential to change the world and few people realize all its far-reaching applications beyond Bitcoin.
Its disruptive potential has been compared to that of the Internet. That’s why people call it “the Internet of money” or “the Internet of value”.
Now, compare this course to having a roadmap to the Internet in the early 1990s. A comprehensive guide that enables you to fully understand the new space and empowers you to make correct fully-informed decisions. You will be able to see new business opportunities before others do. You will be able to distinguish good ideas and projects from bad ones. You will learn how blockchain works and how it can be applied in various sectors. Moreover, you will get a new perspective on decentralized economic systems, which are expected to play a huge role in the future. This is the “sharing economy” 2.0 – powered by crypto-economics and blockchain.
This is what “Blockchain for Business: The New Industrial Revolution” will teach you!
Our mission is to provide the most comprehensive educational material on the subject, which delivers the best value for money to our audience.
After last year’s unprecedented growth of the crypto-asset market, fuelled by speculation and emotions, it is high time to increase awareness and understanding of blockchain technology among the general public.
We believe that understanding should come first, before anyone starts making any decisions with real-world implications. That’s why we created this course and tried to design it in the most clear, accessible and fun way. This is by no means a highly technical course and our focus here is not programming. We are not going to show you how to write code. But we are going to explain everything else, which is relevant and important to know about blockchain.
Our materials are designed to explain the fundamentals of blockchain technology, crypto-economics and their applications in business and everyday life to people without a technical background.
We hope you are as passionate about constantly upgrading your knowledge base, as we are. Because knowledge is power!
So, let’s begin! Take this course today and become part of the new industrial revolution that is already shaping the future!
P.S. We believe this is an excellent educational product. But if you are not completely happy with the value you have received at the end, don’t worry – we offer a full 30-day unconditional refund. Sounds amazing, right? So, why wait? Your bet is hedged, and you have unlimited upside! Let’s start our blockchain journey together!
Who this course is for:
Any ambitious individuals interested in the ways blockchain can change the world
Size: 4.41GB
Download link: https://www.freetutorialseu.com/blockchain-for-business-2020-the-new-industrial-revolution-free-download/
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Latest Bitcoin News:
New York Bitcoin-for-cards scammer faces 20 years in jail
Other Related Bitcoin Topics:
Bitcoin Price | Bitcoin Mining | Blockchain
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.
Latest Bitcoin News:
“Whales Need Stupid People Who Receive Bitcoin!â€
Other Related Bitcoin Topics:
Bitcoin Price | Bitcoin Mining | Blockchain
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.
Hello everyone, thank you for your continued interest and support. In the past two weeks, various tasks of TokenClub have been progressing steadily. The product development and community operation progress this week are as follows:
1. TokenClub Events
1)TokenClub & 499Block reached strategic cooperation in live broadcasting
On May 28th, TokenClub and 499Block reached a strategic cooperation to jointly build a live broadcast ecosystem in the vertical field of blockchain.
2)520e events
When 520 comes, TokenClub launches live interactive interaction. During the event, participate in interactive questions in the live broadcast room or forward the live poster to Twitter and the telegram group, and upload a screenshot to have the opportunity to extract 520, 1314 red envelope rewards
3)Text version of live content is abailable on Medium
In order to better understand the live broadcast of TokenClub by overseas communities, we translated the live broadcast content into English and uploaded it to TokenClub’s Medium official account, so that the community’s small partners can view it.
4)Preview: TokenClub’s self-media grandma is invited to participate in the golden financial theme live event
From May 29th to June 4th, Golden Finance will hold a five-day live broadcast of the theme of “Finding Double Coins”. Grandpa Coin will express his views on June 3, welcome to pay attention.
2.TokenClub Live
1) Summary
Recently, Binance Co-founder He Yi, TRON founder Sun Yuchen, Hobbit HBTC founder Ju Jianhua, OSL chairman Dave, BlockVC founding partner Xu Yingkai, Outlier Ventures founder amie Burke, Bitribe founder SKY, CryptoBriefing CEO Han Kao , Huarai Group / Vice President, Global Market and Business Leader Ciara, Guosheng Securities Blockchain Research Institute Sun Shuang, Tongtongtong Research Institute CEO Song Shuangjie, Jin Tiancheng Law Firm Senior Partner Yu Bingguang, Binance China Jiang Jinze, principal researcher of Blockchain Research Institute, Meng Yan, vice president of Digital Asset Research Institute, co-founder of Primitive Ventures & director of Coindesk advisory board-Dovey Wan, founding partner of Genesis Capital & co-founder of Kushen Wallet Ocean Liao Yangyang, Binance C2C-Kathy, Binance OTC-Coco, Binance Contract & Options-Justin, Binance VIP-Jennifer, Binance Broker-Jess, Binance Mining Pool-Denny, Harbin Institute of Technology Blockchain Research Executive Deputy Director Xu Zhifeng, dForce founder Yang Mindao, Mars Finance co-founder Shang Silin, Cobo & Yuchi co-founder Shenyu, well-known investor Xu Zhe, CasperLabs CEO Mrinal Manohar, CasperLabs co-founder Scott Walker, Chairman of Rock Tree Omer Ozden, Nova Club incubation team leader & Waterdrop Capital partner Zheng Yushan, Rolling Stone miner founder Alex Lam, BitUniverse coin founder Chen Yong, Odaily Planet Daily founder and CEO Mandy Wang Mengdie, Binance stablecoin BUSD project responsible Helen Tu and senior expert of TokenClub blockchain and cryptocurrency investment strategy-Zao Shen talks with you about blockchain things ~
On May 18, Block 101 Binance Key Account Manager Luna talked to Primitive Ventures co-founder, non-profit bitcoin development fund Hardcore Fund executive director, and Coindesk advisory board director-Dovey Wan, to understand “C and C How is the Goddess of Crypto Assets made? “Dovey Wan shared with us on asset allocation, investment judgment, entrepreneurship, DCEP, etc.
On May 19, Block 101 Yingge talked with Sun Zeyu, the founding partner of Genesis Capital and co-founder of Kushen Wallet, to share the theme of “Blockchain Investment Experience”. This investor, who is rated as “reliable” by insiders, recommends that novices try not to touch contracts, do not stay overnight even when making contracts, be alert to risks, refuse gambling, and rationally analyze investments.
On May 20th, 499Block ’s two-year birthday carnival “Global Hot Chain, Keeping Together for Every Year” celebration was held in the TokenClub Live Room. The cross-border AMA Solitaire + popular day group anchor live video sharing, including Binance Co-founder He Yi, TRON founder Sun Yuchen, Hobbit HBTC founder Ju Jianhua, OSL chairman Dave, BlockVC founding partner Xu Yingkai, Outlier Ventures founder amie Burke, Bitribe founder SKY, CryptoBriefing CEO Han Kao, Huobi Group / Vice President Global Markets and Dozens of blockchain leaders from home and abroad, such as Ciara, the business leader, all appeared on the scene, and 499Block became a popular beauty angel group to help the interactive host.
On May 20, Sun Shuang, senior researcher of Guosheng Securities Blockchain Research Institute, Song Shuangjie, Jin Tong, CEO of Tongzhengtong Research Institute were jointly invited by Lingang Xinyefang, Lingang Innovation Management School, and Binance China Blockchain Research Institute. Tian Bingguang Senior Partner Yu Bingguang, Binance China Blockchain Research Institute Chief Researcher Jiang Jinze, Vice President of Digital Assets Research Institute Meng Yan, and many experts talked about the “Critical Digital RMB DCEP” in the live broadcast, one A feast of intertwined thoughts is worth watching again!
On May 21st, Ocean Liao Yangyang, the founder of Block 101 Seven Seven Dialogue Force Field, focused on the “big enlightenment era of digital assets”, Ocean shared with us his entrepreneurial experience, the first pot of gold, public chain, currency circle and Analysis of the current market. Regarding the future of Bitcoin, Ocean feels that he can work hard towards the direction of digital gold and become a substitute or supplement for gold. He is determined to see more, because the ceiling of the entire industry is very high, and he still cannot see its end point. The index level is rising, far from being over.
On May 22, “In the name of the Pizza Festival, we came to a different live broadcast” Bringing Goods “”, which was organized by the girls in the 101-day group of the block: June 6, July 7, Sisi, Yingge, Qianjiangyue , Dialogue: Binance First Sister, Binance C2C-Kathy, Binance OTC-Coco, Binance Contract & Options-Justin, Binance VIP-Jennifer, Binance Broker-Jess, Binance Mining Pool-Denny. We have explained to us one by one about C2C, OTC, contract options, etc. If you are interested, please move to the live room.
On May 22, Block 101 Sisi Dialogue Xu Zhifeng, executive deputy director of the Blockchain Research Center of Harbin Institute of Technology, shared the theme: “Strategy of Great Powers: Seizing New Highlands of Blockchain Technology”. He expressed his views on his own currency circle experience, entrepreneurship, blockchain technology, DECP, etc. Xu Zhifeng is very optimistic about the future development of blockchain. He said: “Ten years later, blockchain will become a very common industry. We are the Internet industry and have never changed.”
On May 23, the old Chinese doctor Zao Shen from the coin circle went online ~ The theme of this issue: If you want to be short, you must be able to sing first, and if you want to be long, you must be patient. If the meal is not fragrant, the game is not good, and the happiness of the past has drifted into the distance, just because the daily reading is still a loss, and the head is hurt. Don’t panic, the old Chinese doctor Zao Shen of the currency circle will adopt the Trinity Interventional Therapy and precise care to regenerate life. Don’t move quickly to the live room to see what “therapy” is.
On May 25, Block 101, July 7th conversation with dForce founder Yang Mindao, talked about “DeFi opportunities and challenges.” Yang Mindao believes that the four biggest benefits of DeFi are: programmability; non-custodial nature; non-licensing; composability. He believes that the current public chain market is seriously homogenized, and the most promising public chain is Ethereum. Ethereum is the best and largest in terms of developer group, ecology, and technological evolution, and can absorb the advantages of each public chain. At the same time, he is also extremely optimistic about DeFi, “DeFi application value is gradually verified, and the value of this type of token will gradually become more prominent.”
On May 26th, Mars Finance co-founder Shang Silin Hardcore Dialogue Cobo & Yuchi co-founder Shenyu and well-known investor Xu Zhe. The trend of “financialization” in the digital asset industry is becoming more and more obvious, and the friends of miners need to master more and more skills. Unveiling the mystery of hedging for everyone.
On May 26th, Nova Superstar Dialogue Phase 13 focused on the Silicon Valley star project CasperLabs, specially invited CasperLabs CEO Mrinal Manohar, CasperLabs co-founder Scott Walker, Rock Tree chairman Omer Ozden, and Nova Club incubation team leader Water Capital Partners Zheng Yushan, discuss CasperLbs together.
On May 26, Block 101 Sisi talked with the founder of the Rolling Stone Miner, Alex Lam, and took us into the “post-worker life” of a PhD in finance. Alex shared the reasons for entering the coin circle, the first pot of gold, mining, pitted pits, investment experience and opportunities in the digital currency industry. Alex said: Bitcoin exceeds US $ 100,000, and it will be in the second half of next year or the year after.
On May 27th, Block 101 Yingge talked with BitUniverse founder Chen Yong and shared the theme: “Who” needs grid trading. Chen Yong mainly introduced the currency trading tool of Bitcoin. In his view, grid trading has changed an investor’s concept-from stud into a batch of positions and positions. Regarding the price of Bitcoin, Chen Yong believes that the price of Bitcoin may reach one hundred thousand dollars around 2030.
On May 28, Block 101 Binance Mining Pool Wu Di talked to Mandai Wang Mengdie, founder of Planet Daily Odaily, to learn more about the process of “media entrepreneurs marching into the blockchain from venture capital circles”. Mandy believes that the core competence in the media industry is high-quality original content, which is the most basic but difficult to stick to. The initial focus of entering the mixed media industry of the dragon and dragon is to focus and amplify value.
On May 29th, Block 101 Qianjiangyue Dialogue Hellen Tu, the project leader of Binance Stablecoin BUSD project, talked with everyone about the stablecoin “Life and Death”, Hellen shared the stablecoin in detail, and published his own the opinion of. For details, please move to the live room.
On May 30th, Zaoshen came to share the theme: Dongfeng blowing, bullets flying, unlimited chase? In this issue, Zao Shen shared with you the recent international financial situation and various major events in the United States in the past week, which extended to the impact on the currency circle and answered various questions about investment strategies. Friends who want to know more details can move to the live room of Zao Shen.
3.TokenClub operation data
-Live data: 13 live broadcasts in the past two weeks, with over 800,000 views. TokenClub hosted a total of 870 live broadcasts with a total of 45.06 million views.
-Binary trade data: In the past two weeks, guess the rise and fall to participate in a total of 1268 times, the amount of participation exceeded 2 million TCT. At present, it is guessed that the rise and fall function has participated in a total of 1.11 million times, with a cumulative participation amount of 498 million TCT.
-Chat data: In the past two weeks, a total of 19271 messages have been generated. A total of 4.85 milliom messages have been launched since the function was launched.
-Mini-game data: The mini-game has participated in a total of 4212 times in the past two weeks. A total of 1,66 million self-functions have been online.
-Cut leeks game data together: Since the game was launched, the total number of user participation in the game was 962612 TCT total consumption was 6,27 million gift certificate total consumption was 15,95million and TCT mining output was 161496.
-TokenClub KOL data: Over the past two weeks, the total reading volume of the BTCGrandpa article has been viewed by more than 300,000 people.
-Social media data: At present, the number of Weibo official accounts is 18033 and the number of Twitter followers is 1332 and we have opened the official Medium account this week, welcome to follow.
-Telegram official group data: In the past 2 weeks, there were 238 chats in the group, and the total number of Telegram official groups is currently 2906.
-Medium data: Medium official account u/TokenClub has published 5 excellent articles, official announcements and updates are published in English, welcome to follow.
4.Communities
1)Overseas Community
TokenClub held an event for forwarding Twitter and telegram group chats for overseas users. Bitcoin halved in less than two weeks, overseas users are more active in the telegram group, and some friends are more concerned about Binance Block 101 live broadcast, aggregation exchange, TCT usage and other issues, the administrator responded in time.On May 12th, when Bitcoin was halved, TokenClub organized a forwarding Twitter, telegram group chat prize event and participating in a live question asking interactive prize event for overseas users. There are many live broadcast events in the near future. The live broadcast poster information will be released to overseas users as soon as possible. The follow-up TokenClub will translate and broadcast high-quality live broadcast content to Twitter and Medium. Bitcoin halved, overseas users are more active in the telegram group, and some partners are more concerned about block 101 live broadcast, bitcoin future price trend, TCT usage and other issues, the administrator responded in time in the group.
2)Domestic community
Sweet Orange Club Weekly News
Last Friday, a holiday, the community opened the red envelope rain event, and brought a sincere gift to everyone while relaxing in the holiday. At the same time, it also sent the most sincere blessings to all mothers in the community on Mother’s Day. Thank you for your long-term support and help to the Orange Club community.
Hundred-day scheduled investment event (Phase II)
The fourth week of the second 100-day fixed investment plan held this week has been awarded, and everyone is still very active in this event. This week, the Bitcoin halving market was also opened in advance. The small partners participating in the fixed investment should now have a certain floating win, so we adopt the correct cycle investment strategy to believe that it can bring unexpected benefits to everyone.
Sign in the lottery.
On the evening of May 3rd and May 10th, TCT Fortune Free Academy carried out the 51st and 52nd week sign-in sweepstakes, and rewarded the small TCT partners who had always insisted on signing in. In these two sign-in sweepstakes, the lucky friends received 20–180TCT as a reward. In addition, during the lucky draw, the college friends also actively expressed their opinions on the topic of this year’s bull market.
The Leek Paradise Community Conference will continue as usual every Sunday at 20:00. During the conference, members will discuss recent hot topics, including gifts and blessings for Mother ’s Day, and the halving of Bitcoin everyone is paying attention to. At the end, the friends in the group also showed a rare enthusiasm at the first sight. It seems that the market still affects the mood. The members routinely started a red envelope rain to cheer for the participating partners and encourage everyone to maintain patience and confidence. Of course, at the same time, we are encouraging ourselves to see the community meeting next week. Come on!
TokenClub volunteer community, sign in red envelopes every day, as long as you sign in every day, you can get good benefits, friends join us quickly! In the past two weeks, the community has conducted active partners.
Volunteer community: Change to the currency circle consultation and pass the analysis of Grandma Coin and Panda analysts, support TokenClub in action, and continue to vote for TCT. In the last month, we have worked hard to learn the rain god’s strategy. We have doubled the coins in our hands. The community WeChat group has recently injected fresh students. We look forward to more people joining! Volunteer community, will continue to work hard for TokenClub
TCT has been listed on Binance、Okex、Gate.io、ZB-M、MXC、Biki、Coinex、BigOne、Coinbene、Cybex、SWFT、Loopring、Rootrex etc.
TokenClub website: www.tokenclub.com
Telegram：https://t.me/token\_club
Two roads diverged in a yellow wood, And sorry I could not travel both And be one traveler, long I stood And looked down one as far as I could To where it bent in the undergrowth
Robert Frost, The Road Not Taken
This is my forty-second portfolio update. I complete this update monthly to check my progress against my goal.
Portfolio goal
My objective is to reach a portfolio of $2 180 000 by 1 July 2021. This would produce a real annual income of about $87 000 (in 2020 dollars).
This portfolio objective is based on an expected average real return of 3.99 per cent, or a nominal return of 6.49 per cent.
Portfolio summary
Vanguard Lifestrategy High Growth Fund – $727 917
Vanguard Lifestrategy Growth Fund – $42 128
Vanguard Lifestrategy Balanced Fund – $78 569
Vanguard Diversified Bonds Fund – $110 009
Vanguard Australian Shares ETF (VAS) – $187 003
Vanguard International Shares ETF (VGS) – $39 987
Betashares Australia 200 ETF (A200) – $225 540
Telstra shares (TLS) – $1 726
Insurance Australia Group shares (IAG) – $7 741
NIB Holdings shares (NHF) – $5 652
Gold ETF (GOLD.ASX) – $117 714
Secured physical gold – $18 982
Ratesetter (P2P lending) – $11 395
Bitcoin – $159 470
Raiz app (Aggressive portfolio) – $16 357
Spaceship Voyager app (Index portfolio) – $2 492
BrickX (P2P rental real estate) – $4 477
Total portfolio value: $1 757 159 (+$62 325 or 3.7%)
Asset allocation
Australian shares – 41.4% (3.6% under)
Global shares – 22.2%
Emerging markets shares – 2.3%
International small companies – 3.0%
Total international shares – 27.4% (2.6% under)
Total shares – 68.8% (6.2% under)
Total property securities – 0.3% (0.3% over)
Australian bonds – 4.4%
International bonds – 9.7%
Total bonds – 14.1% (0.9% under)
Gold – 7.8%
Bitcoin – 9.1%
Gold and alternatives – 16.9% (6.9% over)
Presented visually, below is a high-level view of the current asset allocation of the portfolio.
[Chart]
Comments
This month featured a further recovery in the overall portfolio, continuing to effectively reduce the size of the large losses across the first quarter.
The portfolio has increased by around $62 000, leading to a portfolio growth of 3.7 per cent. This means that around half of the large recent falls have been made up, and the portfolio sits around levels last reached in October of last year.
[Chart]
Leading the portfolio growth has been increases in Australian shares - particularly those held through the Betashares A200 and Vanguard VAS exchange traded funds, with both gaining over four per cent. Most other holdings remained steady, or fell slightly.
Markets appear to be almost entirely disconnected from the daily announcements of the sharp effects of the global coronavirus pandemic and the resulting restrictions. Bond and equity markets seem to have different and competing expectations for the future, and equity markets - at best - are apparently intent on looking through the immediate recovery phase to a new period of strong expansion.
[Chart]
On some metrics, both major global and Australian equity markets can be viewed as quite expensive, especially as reduced dividends announced have largely yet to be delivered. Yet if historically low bond yields are considered, it can be argued that some heightening compared to historical equity market valuations may be sustainable.
Reflecting this moment of markets holding their breath before one of two possible futures plays out, gold and Bitcoin remain elevated, and consequently above their target weightings.
Perhaps the same contending forces are in evidence in a recent Australian Securities and Investment Commission study (pdf) which has found that average Australian retail investors have reacted to uncertainty by activating old brokerage accounts, trading more frequently, and holding securities for shorter periods. My own market activity has been limited to purchases of Vanguard Australian shares ETF (VAS) and the international share ETF (VGS), to bring the portfolio closer to its target allocations.
Will Australia continue to be lucky through global slow downs?
Despite this burst of market activity in the retail market, it is unclear how Australian markets and equities will perform against the background of a global economic slowdown. A frequently heard argument is that a small open trade exposed commodities provider such as Australia, with a more narrowly-based economy, may perform poorly in a phase of heightened risk.
This recent Bank of England paper (pdf) makes the intriguing suggestion that this argument is not borne out by the historical record. In fact, the paper finds that industrial production in Australia, China and a mere handful of other economies has tended to increase following global risk shocks.
A question remaining, however, is whether the recovery from this 'risk shock' may have different characteristics and impacts than similar past events. One key question may be the exact form of government fiscal and monetary responses adopted. Another is whether inflation or deflation is the likely pathway - an unknown which itself may rely on whether long-term trends in the velocity of money supply continue, or are broken.
Facing all uncertainties, attention should be on tail risks - and minimising the odds of extreme negative scenarios. The case for this is laid out in this moving reflection by Morgan Housel. For this reason, I am satisfied that my Ratesetter Peer-to-Peer loans have been gradually maturing, reducing some 'tail risk' credit exposures in what could be a testing phase for borrowers through new non-bank lending channels in Australia. With accrued interest of over $13 000, at rates of around 9 per cent on average, over the five years of the investment, the loans have performed relatively well.
A temporary sheltering port - spending continues to decline
This month spending has continued to fall even as lockdown and other restrictions have slowly begun to ease. These extraordinary events have pushed even the smoothed average of three year expenditure down.
[Chart]
On a monthly basis credit card spending and total expenses have hit the lowest levels in more than six years. Apparently, average savings rates are up across many economies, though obviously individual experiences and starting points can differ dramatically.
Total estimated monthly expenditure has also fallen below current estimates of distributions for the first time since a period of exceptionally high distributions across financial year 2017-18.
The result of this is that I am briefly and surprisingly, for this month, notionally financially independent based on assumed distributions from the FIRE portfolio alone - at least until more normal patterns of expenditure are resumed.
Following the lines of drift - a longer view on progress made
Yet taking a longer view - and accounting for the final portfolio goal set - gives a different perspective. This is of a journey reaching toward, but not at, an end.
The chart below traces in purely nominal dollar terms the progress of the total portfolio value as a percentage of the current portfolio goal of $2.18 million over the last 13 years.
It also shows three labels, with the percentage progress at the inception of detailed portfolio data in 2007, at the start of this written record in January 2017, and as at January 1 of this year.
[Chart]
Two trend lines are shown - one a polynomial and the other exponential function - and they are extended to include a projection of future progress out to around 18 months.
The line of fit is close for the early part of the journey, but larger divergences from both trend lines are evident in the past two years as the impact of variable investment returns on a larger portfolio takes hold.
There are some modest inaccuracies introduced by the nominal methodology adopted - such as somewhat discounting early progress. A 2007 dollar had greater 'real' value and significance than is assigned to it by this representation. The chart does demonstrate, however, the approximate shape and length of the early journey - with it taking around 5 years to reach 20 per cent of the target, and 10 years to reach around half way.
Progress
Progress against the objective, and the additional measures I have reached is set out below.
Measure Portfolio All Assets
Portfolio objective – $2 180 000 (or $87 000 pa) 80.6% 108.4%
Credit card purchases – $71 000 pa 98.3% 132.3%
Total expenses – $89 000 pa 78.8% 106.0%
Summary
With aspects of daily life slowly and incrementally adjusting to a 'new normal', the longer-term question for the portfolio remains around how markets and government actions interact in a recovery phase.
The progress of the portfolio over the past 13 years has seemed, when viewed from afar as in chart above, predictable, and almost inevitable. Through the years it has felt anything but so smoothly linear. Rather, tides and waves have pushed and pulled, in turn stalling progress, or pushing it further ahead than hopes have dared.
It is possible that what lays ahead is a simple 'return leg', or more of the same. That through simple extrapolation around 80 per cent of the challenges already lay behind. Yet that is not the set of mind that I approach the remainder of the journey with. Rather, the shortness of the distance to travel has lent an extra focus on those larger, lower probability, events that could delay the journey or push it off-course. Those 'third' risks types of tail risks which Morgan Housel points out.
In one sense the portfolio allocation aims to deal - in a probabilistic way - with the multiple futures that could occur.
Viewed in this way, a gold allocation (and also Bitcoin) represents a long option on an extreme state of the economic world arising - as it did in the early 1980s. The 75 per cent target allocation to equities can be viewed as a high level of assurance around a 'base case' that human ingenuity and innovation will continue to create value over the long term.
The bond portfolio, similarly, can be seen as assigning a 15 per cent probability that both of these hypotheses are incorrect, and that further market falls and possible deflation are ahead. That perhaps even an experience akin to the lengthy, socially dislocating, post-bubble phase in Japan presided over by its central bank lays in store.
In other interesting media consumed this month, 'Fire and Chill', the brand new podcast collaboration between Pat the Shuffler and Strong Money Australia got off to an enjoyable start, tackling 'Why Bother with FIRE' and other topics.
Additionally, investment company Incrementum has just published the latest In Gold We Trust report, which gives an arrestingly different perspective on potential market and policy directions from traditional financial sources.
The detailed report questions the role and effectiveness of traditionally 'risk-free' assets like government bonds in the types of futures that could emerge. On first reading, the scenarios it contains appear atypical and beyond the reasonable contemplation of many investors - until it is recalled that up to a few years ago no mainstream economics textbook would have entertained the potential for persistent negative interest rates.
As the paths to different futures diverge, drawing on the wisdom of others to help look as far as possible into the bends in the undergrowth ahead becomes the safest choice.
This thread is for any events going on in Des Moines this week! What events will you be attending? What events do you want to attend? What events do you want to promote? Whats new around Des Moines this week? Add a comment below.
Please provide the following when posting new events: - Time, Date, Location, Cost and some sort of description of the event.
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
Discord for Iowa/Des Moines https://discord.gg/2MKbCv5 Trivia Nights:
First Monday of the month is Mona's Pub Quiz at The Lift
Benchwarmers in Ankeny on Mondays
BeerStyles in WDM, Tuesdays 7-9 PM
Ridgemont in Windsor Heights Wednesdays 8-11
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
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?)
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.
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
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.
Open Mic Thursday at Java Joe's Downtown at 7:30
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.
Latest Bitcoin News:
Bitcoins up channel indicates retracement of price
Other Related Bitcoin Topics:
Bitcoin Price | Bitcoin Mining | Blockchain
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.
The following post by kingscrown69 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/gt5p9s
The original post's content was as follows:
With thanks to Robert Kornacki for polishing of the draft.
Introduction
ErgoScript is the smart contract language used by the Ergo blockchain. While it has concise syntax adopted from Scala/Kotlin, it still may seem confusing at first because conceptually ErgoScript is quite different compared to conventional languages which we all know and love. This is because Ergo is a UTXO based blockchain, whereas smart contracts are traditionally associated with account based systems like Ethereum. However, Ergo's transaction model has many advantages over the account based model and with the right approach it can even be significantly easier to develop Ergo contracts than to write and debug Solidity code.
Below we will cover the key aspects of the Ergo contract model which makes it different:
Paradigm
The account model of Ethereum is imperative. This means that the typical task of sending coins from Alice to Bob requires changing the balances in storage as a series of operations. Ergo's UTXO based programming model on the other hand is declarative. ErgoScript contracts specify conditions for a transaction to be accepted by the blockchain (not changes to be made in the storage state as result of the contract execution).
Scalability
In the account model of Ethereum both storage changes and validity checks are performed on-chain during code execution. In contrast, Ergo transactions are created off-chain and only validation checks are performed on-chain thus reducing the amount of operations performed by every node on the network. In addition, due to immutability of the transaction graph, various optimization strategies are possible to improve throughput of transactions per second in the network. Light verifying nodes are also possible thus further facilitating scalability and accessibility of the network.
Shared state
The account-based model is reliant on shared mutable state which is known to lead to complex semantics (and subtle million dollar bugs) in the context of concurrent/ distributed computation. Ergo's model is based on an immutable graph of transactions. This approach, inherited from Bitcoin, plays well with the concurrent and distributed nature of blockchains and facilitates light trustless clients.
Expressive Power
Ethereum advocated execution of a turing-complete language on the blockchain. It theoretically promised unlimited potential, however in practice severe limitations came to light from excessive blockchain bloat, subtle multi-million dollar bugs, gas costs which limit contract complexity, and other such problems. Ergo on the flip side extends UTXO to enable turing-completeness while limiting the complexity of the ErgoScript language itself. The same expressive power is achieved in a different and more semantically sound way.
With the all of the above points, it should be clear that there are a lot of benefits to the model Ergo is using. In the rest of this article I will introduce you to the concept of FlowCards - a dApp developer component which allows for designing complex Ergo contracts in a declarative and visual way.
From Imperative to Declarative
In the imperative programming model of Ethereum a transaction is a sequence of operations executed by the Ethereum VM. The following Solidity function implements a transfer of tokens from sender to receiver. The transaction starts when sender calls this function on an instance of a contract and ends when the function returns.
// Sends an amount of existing coins from any caller to an address function send(address receiver, uint amount) public { require(amount <= balances[msg.sender], "Insufficient balance."); balances[msg.sender] -= amount; balances[receiver] += amount; emit Sent(msg.sender, receiver, amount); }
The function first checks the pre-conditions, then updates the storage (i.e. balances) and finally publishes the post-condition as the Sent event. The gas which is consumed by the transaction is sent to the miner as a reward for executing this transaction.
Unlike Ethereum, a transaction in Ergo is a data structure holding a list of input coins which it spends and a list of output coins which it creates preserving the total balances of ERGs and tokens (in which Ergo is similar to Bitcoin).
Turning back to the example above, since Ergo natively supports tokens, therefore for this specific example of sending tokens we don't need to write any code in ErgoScript. Instead we need to create the ‘send’ transaction shown in the following figure, which describes the same token transfer but declaratively.
The picture visually describes the following steps, which the network user needs to perform:
Only a couple of months for funds recovery after binary options scams, is it possible?
Trading using the system of binary options has claimed to be promising and beneficial. If you'll follow the trading activities well, not only are you able to fulfill your daily necessities but also you'll be productive. Some others even believe it as a sort of business for the longer term. it's an easy thanks to earning money without having to try to such a lot of diligence. Is it true? Well, Sam Edgerton was one among them who lost much money for trading with binary options. He didn’t have such a lot experience in trading anyway. He was just tempted by the advantages of probably huge profits to be gained when the trouble was successful.
The expectation of being rich in binary options didn't suddenly come to his mind. Sam saw a lover around four years ago who was very successful during this trading.
Moreover, this friend’s life was utterly changed. He was ready to renovate his home to be bigger and better. He bought a replacement car, and his wife’s outfits were far more beautiful than what they wont to be. Of course, Sam wanted to be like him and began to seem for information regarding binary options. Bitcoin recovery
With only a couple of experiences, Sam contacted a broker. He trusted the broker such a lot as Sam gave him around USD 100,000. From the knowledge gathered, the cash wasn't just Sam’s saving, plus he borrowed it from his relatives and a little loan . But all the hopes, wishes, and expectations were suddenly dashed shortly then . He felt just like the fortune didn’t come to him.
When Sam tried to contact the broker to understand how the event of his investment was and asked for a chargeback, the broker said that he was failed. But the broker asked Sam to not worry since as a trader, Sam could recover it with some further terms and conditions. consistent with the broker, Sam didn’t invest his money within the right way. He also needed to enhance his skills and add experiences to achieve success later. The suggestion appeared to be realistic since trading and investment indeed require skills and experiences.
Although there was a neighborhood of him that believes in what the broker said, another a part of Sam thought that he could be telling lies. But regardless of whether he said something right or not, the foremost important thing is that Sam had lost his money. Sadly, it had been not only his money but also his relatives. Sam couldn't imagine how disappointed the family was if knowing he wasn't successful this point .
Fortunately, after checking out a short time on the web regarding the way to recover funds safely from the binary options bankruptcy, Sam found information about Bitcoin Binary options reviews.
Express Recovery may be a company for binary options recovery that promises to assist the lost people to unravel their problems. there have been another company with similar offers needless to say . However, their ways of recovering the cash seem not reasonable in the least . Sure, Sam just had lost much money, and he didn’t want to believe any offers with instant benefits anymore. That’s why; he chose Express Recovery.
There are experts during this company who guide and accompany Sam to get over the loss. It took time needless to say, but the results were very satisfying. He could have my a refund, although it had been not during a brief time. The results could even be seen only in three months after the primary time he consulted his problem. Then, only in some months, the whole money that was utterly gone might be back to his hands. He could pay the debts off to his parents and bank. Of course, it had been a superb lesson for Sam to be more careful in spending his money even it's for business and investment. Many things got to be acknowledged and learned first to avoid loss and bankruptcy. supported Sam's experiences, it's highly recommended for all people that are the victims from the binary options scams to settle on this funds recovery company. So, contact them now to possess an opportunity to recover your funds.
Only a couple of months for funds recovery after binary options scams, is it possible?
Trading using the system of binary options has claimed to be promising and beneficial. If you'll follow the trading activities well, not only are you able to fulfill your daily necessities but also you'll be productive. Some others even believe it as a sort of business for the longer term. it's an easy thanks to earning money without having to try to such a lot of diligence. Is it true? Well, Sam Edgerton was one among them who lost much money for trading with binary options. He didn’t have such a lot experience in trading anyway. He was just tempted by the advantages of probably huge profits to be gained when the trouble was successful.
The expectation of being rich in binary options didn't suddenly come to his mind. Sam saw a lover around four years ago who was very successful during this trading.
Moreover, this friend’s life was utterly changed. He was ready to renovate his home to be bigger and better. He bought a replacement car, and his wife’s outfits were far more beautiful than what they wont to be. Of course, Sam wanted to be like him and began to seem for information regarding binary options. Bitcoin recovery
With only a couple of experiences, Sam contacted a broker. He trusted the broker such a lot as Sam gave him around USD 100,000. From the knowledge gathered, the cash wasn't just Sam’s saving, plus he borrowed it from his relatives and a little loan . But all the hopes, wishes, and expectations were suddenly dashed shortly then . He felt just like the fortune didn’t come to him.
When Sam tried to contact the broker to understand how the event of his investment was and asked for a chargeback, the broker said that he was failed. But the broker asked Sam to not worry since as a trader, Sam could recover it with some further terms and conditions. consistent with the broker, Sam didn’t invest his money within the right way. He also needed to enhance his skills and add experiences to achieve success later. The suggestion appeared to be realistic since trading and investment indeed require skills and experiences.
Although there was a neighborhood of him that believes in what the broker said, another a part of Sam thought that he could be telling lies. But regardless of whether he said something right or not, the foremost important thing is that Sam had lost his money. Sadly, it had been not only his money but also his relatives. Sam couldn't imagine how disappointed the family was if knowing he wasn't successful this point .
Fortunately, after checking out a short time on the web regarding the way to recover funds safely from the binary options bankruptcy, Sam found information about Bitcoin Binary options reviews.
Express Recovery may be a company for binary options recovery that promises to assist the lost people to unravel their problems. there have been another company with similar offers needless to say . However, their ways of recovering the cash seem not reasonable in the least . Sure, Sam just had lost much money, and he didn’t want to believe any offers with instant benefits anymore. That’s why; he chose Express Recovery.
There are experts during this company who guide and accompany Sam to get over the loss. It took time needless to say, but the results were very satisfying. He could have my a refund, although it had been not during a brief time. The results could even be seen only in three months after the primary time he consulted his problem. Then, only in some months, the whole money that was utterly gone might be back to his hands. He could pay the debts off to his parents and bank. Of course, it had been a superb lesson for Sam to be more careful in spending his money even it's for business and investment. Many things got to be acknowledged and learned first to avoid loss and bankruptcy. supported Sam's experiences, it's highly recommended for all people that are the victims from the binary options scams to settle on this funds recovery company. So, contact them now to possess an opportunity to recover your funds.
Latest Bitcoin News:
Bitcoin Depository Market Size (COVID-19 Impact) 2020-26: Upbit, OKEx, Bithumb
Other Related Bitcoin Topics:
Bitcoin Price | Bitcoin Mining | Blockchain
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.
Since the Bitcoin halving event on May 12, Grayscale Investment, the world’s largest digital asset management company, has bought more Bitcoins on behalf of its institutional clients than the number of Bitcoins mined in the same period. The American-based digital asset manager continues accelerating its rate of Bitcoin acquisition, despite Goldman Sachs recently determining thecryptocurrency an asset unworthy of investment
Here is an article by an author named Adnan about why Get Ticketing will explode:
https://medium.com/@adnanzzz/the-bullish-case-of-get-protocol-451ad6059f2d
Below is the same article copied and pasted for those who are too lazy to click the link. However, I recommend reading the article from the link instead as it has a lot of graphs, links, and pictures that gives a much fuller picture.
"GET protocol — the sleeping blockchain giant
Bear with me as I try to explain why the GET token is currently the most bullish crypto token in the space. The price surge will be driven by adoption and not just mere speculation. And adoption is already there but will only now start to gain huge momentum!
By the time you have read this blog you will come to see how most other crypto projects lose value in your eyes when you compare it to a project with amazing fundamentals, a project that doesn’t need an “altseason”, driven by mere mindless speculation, to give you nice returns!
Most people in the crypto space have never heard of the GET protocol. This is on one side suprising because there are 191.329 wallet holders to be exact. This means that 191.329 people have used the GET protocol, mostly without even knowing it!
The focus has always been on building a product that works and where there is demand for. Where other projects have focused and spent their funds on marketing in the crypto space (meaning luring in new investors) GET has neglected that part a bit.
Instead they focused their funds on building a waterproof system and acquiring clients who will use the protocol (venues, artists, governments, …). The effect of this is that the price hasn’t been affected by speculation.
The list of artists who use GET-fueled tickets is endless and I have honestly lost sight of everyone who uses it. But to give you an example of adoption, here is a list of some of the artists who sell GET-fueled tickets:
What is the GET protocol and what does it do?
The GET Protocol offers a blockchain-based smart ticketing solution that can be used by everybody who needs to issue admission tickets in an honest and transparent way. The goal of GET protocol is to become the worldwide ticketing standard.
To put it in simple terms: the ticketing industry is plagued by dishonest players. Not only ticket fraud but also scalping are an enormous problem in the industry. Once a ticket sale starts bots buy up the tickets and later sell them for enormous profits. Fans are sidelined and are forced to buy tickets of their idols for a much higher price. The scalpers, not adding any value in the process, make tons of money at the expense of artists, fans, venues, event organizers, … and everybody who makes the event industry what it is.
This is where GET offers a solution proven to work
The tickets issued on the GET protocol are registered on your phone. This means that only the person in possession of the phone also owns the ticket. Every ticket is unique and is based on a QR code that updates itself and rotates to prevent fraud and scalping.
The tickets are all registered on the blockchain as a mean of transparency and accountability. This means that fans can check ticket authenticity whenever they want. This is also where the GET token comes in play but more on that later…
GET is currently the best adopted microcap
This is a bold statement but it’s not difficult to prove. Whereas other crypto “companies” confuse their investors with a lot of technical words that the average Joe doesn’t even understand and show off with meaningless partnerships, GET is actually changing the ticketing world for the better!
At the moment of writing there are 4 ticketing companies that are completely integrated in the GET protocol, and together have sold many GET-fueled tickets!
These companies currently run on the GET protocol:
GUTS Runs fully on the GET protocol and has sold over 400.000 tickets.
ITIX Established in 2009 and sells 2 million tickets/year. Is fully integrated in the GET protocol and will start selling GET-fueled tickets soon.
getTicket A new ticketing company in South Korea that will run fully on the GET protocol.
TecTix A Germany based ticketing company that will sell GET fueled tickets with a focus on the sports industry.
Integrating an existing ticketing company is a low investment move (only the GET token is needed) that offers traditional ticketing companies several benefits. That is why I expect many ticketing companies to integrate and GET to scale quickly.
The supply
Some people are scared by the big difference in the circulating supply and the total supply. This is an unneccessary fear. The GET supply is made up of 3 portions:
Circulating supply (13.5 million)
Stability Fund (12,6 million): these tokens can never enter the circulating supply. They are used to supply the ticketing companies with GET so they don’t have to buy them directly from the market. The stability fund then buys these supplied tokens from the market to fill itself up. As the protocol shifts to open source the stability fund (together with all the tokens it holds) will be destroyed forever.
User Growth Fund (7,24 million): these tokens are used for discounts to new clients. These tokens should also in principle not enter the circulating supply. Only for marketing purposes and possible exchange listing costs a small portion of these might be liquidated.
This means that the circulating supply as it is now can only, ever, lightly increase for the purpose of growth. With the buybacks and burns being large enough the circulating supply will instead keep decreasing at a swift tempo.
GET in times of COVID19
In May Dutch group Di-Rect sold thousands of tickets for an online concert. They used GET’s technology to use a dynamic price setting. This means that fans were given the option to pay whatever they wanted for a ticket. Whoever paid €20 or more had the chance to win a lottery and be present at the concert.
Once the concert starts, whoever bought a ticket, will be able to watch the streamed concert on GUTS’ app. This is yet another proof of the advantages a digital ticket offers. As this was a big succes, the expectation is that more and more artists will make use of GET’s technology.
On 27/05 Dennis van Aarssen, The Voice Of Holland 2019 winner, announced that he will also do a livestreamed performance of classic covers and original music on June 7th. All tickets will be issued through the GET protocol.
GET also offers several advantages in different areas in the fights against COVID19. The right of access being linked to your mobile makes it possible for potential clients to monitor the number of visitors in real time all the time, to apply an automated seating selection which consideres an appropriate distance between all visitors, queue control, booking of timeslots for museums, shops, parks, beaches, … so overcrowding can be avoided.
When an event gets cancelled, whereas with paper tickets it’s sometimes impossible to track who owns the ticket at the current time, with GET’s technology the event organizer can, with one click, choose to make a refund to the current ticket owner, to communicate with him, to postpone the event, …
What more to expect in the (near) future?
There are so many amazing things to come in the very near future so I’ll only focus on a few of them:
Integration with Klaytn
GET-fueled tickets for K-pop
Top tier exchange listing
More focus on marketing in the crypto space
Staking & nodes
GET as an open-source protocol
Integration in Klaytn
Seeing the adoption the GET protocol has, the solution they bring and the enormous potential they have in conquering the ticketing industry, they have been asked by Kakao to join their blockchain “Klaytn”. So GET is an initial service partner of the Klaytn blockchain.
“Kakao’s global public blockchain project Klaytn is an enterprise-grade, service-centric platform that brings user-friendly blockchain experience to millions.”
The choice for choosing to be an Initial Service Provider of Klaytn is based on two aspects. The first aspect is the fact that Klaytn’s blockchain infrastructure is fully business and integration focused, more than any other blockchain in the market. This results in huge improvements in areas as cost-efficiency, scalability, and data reliability. The second aspect is fueled by the potential of being part of the Klaytn ecosystem.
Kakao is a giant in South Korea. GET will bring its adoption to Kakao’s blockchain and Kakao, with its giant network, in return will open many doors in South Korea. A win-win for everyone involved!
In 2017 Kakao had more than 220 millions users on their messaging and content platform. The last few years the company has been rapidly expanding in other industry verticals.
GET fueled tickets sold for K-pop stars
As mentioned earlier: South Korean ticketing company getTicket will run fully on the GET protocol. They have already deals in line to sell tickets for K-pop stars in their country.
K-pop legend Mr. Won-Kwan Jung, as someone who has a lot of connections in the K-pop world, has joined the GET protocol as an advisor. He is an iconic figure and innovator in the world of K-Pop, owing to the fact that he was one of the three original members of SoBangCha, (or ‘Firetruck’ in English) which is regarded as the first K-Pop group to exist in the world.
In a survey conducted in 17 countries in 2019, around 37.5 percent of respondents stated that the genre K-pop was “very popular” in their country. The survey found that the popularity of K-pop reaches far beyond South Korean borders.
The fact that their idols will be selling GET-fueled tickets hasn’t reached the Korean audience yet. It is still a “public secret”. The news will be released in a directed marketing campaign later this year. You better believe that once the Koreans find out that they’ll be buying GET like hot cupcakes!
Tickets for museums and beaches to be in line with COVID19 restriction measures
With the Corona virus still not wiped out but more under control, many countries are lifting restrictions. This needs to be done in a safe and controlled manner. This means avoiding overcrowding. GET’s technology can and will surely help here.
GET’s system can do all that is needed now for a safe experience. Whether it’s booking a timeslot for the beach, for a museum,… or even for a shop from your home. The system lets the client monitor everything in real time. Someone can that way for example choose to go when there is less crowd. This all while fully respecting the user’s privacy.
The GET sales team has been busier than ever, being in contact with governments, museums, … and the dev team is constantly creating custom made smart ticketing solutions for new costumers. I’m sure we can expect some major announcements in this area soon!
Top tier exchange listings & marketing in the crypto space
The team has confirmed that listing on a top tier exchange has already been agreed. They’re just waiting for the right time to announce it, fitting in their marketing campaign. Besides that, a fiat on ramp exchange will list GET in a short timeframe.
Many projects invested most of their funds in exchange listings and fake volume, creating artifical demand. These exchange listings are almost always accompanied by paying for a market maker. Once the funds dry up (and we have seen this with many projects) delisting becomes a reality and the funds end up being spent in vain.
GET’s exchange listing and marketing campaign aren’t a means to pump the price but have the goal of creating liquidity for the end users (mainly ticketing companies) who will need to acquire a lot of GET from the open market in the short future.
Expansion in several other countries
GET’s business developer Sander:
"I am reached out by ticketing parties all around the world on a daily basis. The main challenge is to vet these parties. The goal of GET Protocol is to be the worldwide standard of digital admission rights and to get there we need to stay extremely lean and flexible in order to scale well. In that sense we need to be 100% convinced the parties we partner up in this phase have a very high potential of becoming a big player in their respective geographies. From the onboardings we currently experience, we learn to speed up onboarding processes upcoming year."
And when asked how many tickets he expects to be sold in the near future and how many ticketing companies he expects to run on the GET protocol in 5 years time:
"Along the journey, we here at GET and GUTS learned quite a few things. One of them is avoiding to publicly announce ticket sale estimates as the chances are that we shoot ourselves in the foot with that. If we don’t meet our estimates, life sucks and the community will let us know which is fine and rightful, but to be honest for GET nothing to win. If we meet our goal, it is okay but even then some people members manage to say they hoped for even better. In that sense, whatever we do, we can’t do well enough on that front, so I am reluctant about giving specific numbers (and I don’t have a crystal sphere either!).
That being said, regarding the amount of ticketing companies in 2025, I expect many, in many countries. It’s a matter of time that we can easier offer our products in a whitelabeled manner. Only this week we got requests for more information about our services from Germany, Paraguay, Mexico, UK and Italy and Australia. This certainly doesn’t always mean a ticketing company could lead out of such a request, but the interest is certainly there. If we keep on doing what we do now, I believe we can boost ticketeers and event organizers around the world pretty soon and let them issue fully digital and blockchain registered tickets, all processed by GET Protocol. If more ticketing companies are onboarded, the amount of ticket sales processed by the protocol will grow exponentially."
Knowing how GET’s team has always been very careful with their promises, I take such statements very seriously. If the past has taught me anything: they’re probably making an understatement. So expect GET to spread its wings in many regions around the world and take the ticketing world by a storm!
Staking & nodes GET’s blockchain developer Kasper Keunen has announced that a staking model is being developed. This means that you’ll be able to stake your GET. In return a portion of the ticketing fee will be rewarded to those stakers and nodes. So see it as a passive income. You sit down, relax and see it grow exponentionally as GET conquers the ticketing world :)
The end goal is to be an open source protocol The endgoal of the GET protocol is to become open source. There will be a governance model where changes to the protocol will be determined by GET token holders. That’s why I expect ticketing companies to acquire a lot of GET in time as their revenue relies on the direction of the protocol.
GET will have a role as governance for the project as a whole. Such a role for the token is the most natural in a fully open-sourced environment of the protocol(currently not the case, yet). As then governance by stakeholders (ticketing companies) with a serious stake in the game as their ticketing revenue relies on the direction/quality of the code to be on point.
As of yet, we do not really assign too much fundamental value to this role for the token (we barely mentioned it actually) as it is still a bit early for it to have serious merit. So pushing that value of the token now would be a bit false advertising. As we onboard more and more ticketing companies we will develop the governance of the token role more and more!
Why the GET token is set to explode Now that I’ve covered what the GET protocol is and where it’s going, it’s time to dig deeper in the token. And I have to say that I’ve never been more bullish on anything in my life. This for the simple reason that usage will drive the price to insanely high levels (where speculation isn’t even needed).
Tokenomics As mentioned above: to have full transparency and accountability (both missing links to make the ticket industry fraud- and scalpfree) all tickets sold are registered on blockchain. You can compare GET to a gas that is needed to fuel the protocol (every state change of the ticket needs to be registered — for which GET is needed). So for every ticket sold GET is bought back from the open market and burned forever.
A single state change cost €0,07 in Q1 2020
There are minimum 4 state changes per ticket
This means that a minimum of €0,28 worth of GET is needed for every ticket sold
In Q1 of 2020 107 059 GET were burned (proof of burn: ");
It is projected that at least 50% of all GET will be burned by 2022
At the moment of writing €161.944 worth of GET have been bought from the exchanges and burned forever (all triggered by adoption and ticketing companies needing the token).
GET’s valuation in the (near) future Bear in mind that this is my own expectation, based on big changes in supply and demand that I will try to explain below. Also keep in mind that I’m not a financial advisor and nothing is guaranteed in the crypto space!
But I will try to explain why I personally believe that GET will be trading at 10€ per token and more in the near future.
As time goes on and more tickets are sold, the demand for GET will keep increasing while the supply will keep decreasing. You don’t need to have a PhD in economics to understand what this will do to the price!
What kind of demand/buybacks can we expect?
As explained above: for every ticket sold at least €0,28 worth of GET is needed by the ticketing companies. Most of this GET is bought back from the exchanges (the money to do this is included in the ticket fee).
Some GET is supplied by the “user growth fund”. This is a fund created to give potential new customers a discount. This is done by subsidizing them a portion of their need for GET so these new customers don’t need to pay the full price immediately. Bear in mind that as time goes by this fund will dry up and all the GET that is needed will from that moment on be bought from the exchanges.
Since the buybacks are based on the amount of tickets issued by the protocol, to calculate what kind of buybacks we can expect in the future we need to look at the ticket sales. As mentioned before there are 4 ticketing companies using the protocol right now (GUTS, ITIX, TecTix and getTicket). Below I will make an estimation of what to expect from them.
GUTS has sold over 400k tickets. From just the deals already signed, over a million tickets would have been sold in 2020. Due to Covid19 most events had to be posponed (not cancelled). In the meanwhile the GUTS sales team hasn’t been idle and has atracted many more customers.
This means that the 1 million tickets number is probably even on the low side. But let’s say a minimum of 1 million tickets will be sold the first year where all events will be allowed again. This means that at least €280.000 worth of GET will be needed in that year.
ITIX sells 2 million tickets a year on average. Once fully integrated they will thus need at least €560.000 worth of GET on a yearly basis.
TecTix, as a new ticketing company, it’s hard to predict what kind of numbers they’ll be running at the start. But given the expertise of the TecTix team I think 200.000 tickets is a safe bet to start with. That would put us on at last €56.000 worth of GET needed/year.
And finally getTicket, a ticketing company based in South Korea. In their case it’s also difficult to make a prediction because they’re new and we have no previous data to rely on. But judging from the comments made by the team that “everything is bigger in Korea” and that they’ll be selling stadium concerts for K-pop stars (just one concerts can mean over 100.000 tickets sold) I think it’s safe to say that they’ll be selling at least 1 million tickets/year. That would bring their need for GET to at least €280.000 a year.
So if we put this together the 4 ticketing companies will need over € 1 million worth of GET on a yearly basis. Bear in mind that more ticketing companies will keep joining and the existing ticketing companies will keep growing, taking away marketshare from ticketing companies that can’t offer all of the advantages mentioned before.
Based on all of this I, pesonally, would say that €5 million/year in GET buybacks by 2023 is not an unreasonable prediction.
What can we expect from GET’s supply? Demand for a token means nothing if the supply is unlimited. The best example of the importance of the supply is the recent Bitcoin halvening that got everyone excited.
Before the halvening around 1800 BTC were mined every day. Let’s say that at current prices this was around $16 million worth of BTC per day. The miners obviously have to sell a large portion of this to cover their costs. So even if there are no other sellers, a large number of BTC has to be bought from the market every day just to keep status quo of the current price.
Halvening basically means that the speed at which the supply increases will be halved (900 BTC mined on a daily basis instead of 1800). The supply of BTC will still continue to increase, only at a slower tempo.
Scarcity should be the ultimate goal when investing in utility tokens.
With GET’s utility token things are different: every GET bought by a ticketing company will be burned. Contrary to BTC the supply of GET will thus continue to decrease as time goes on, removing the stacks of those eager to sell.
This is not a dig at Bitcoin by the way as I’m a fan. Just highlighting the advantage an adopted utility token with good tokenomics has over “the king”.
I hope you now understand my expectation that the price will explode. Many holders will obviously not be willing to sell at current prices with such an increasing demand. As the price is determined by many factors and we don’t know what the price will do exactly, it’s not possible to pin down the exact supply in the future. We do know that it will keep decreasing at a swift tempo unless the price goes parabolic.
Finding the equilibrum for the price The demand for GET will keep increasing through adoption and the supply decreasing as the used GET are destroyed forever
The equilibrium price and equilibrium quantity occur where the supply and demand curves cross. The equilibrium occurs where the quantity demanded is equal to the quantity supplied. If the demand increases and the supply decreases then the price will rise until it finds a new equilibrium.
Putting a correct marketcap valuation on a crypto project is an extremely difficult task. With traditional companies we can for example rely on the revenue, profit, dividend payments, … to estimate what the company is/should be worth.
In most countries a 5% rental yield is considered a good investment. Of course it’s not fully comparable as these buybacks don’t automatically put money on your account. But they do increase the price and destroy the supply. So I think it’s in a way reasonable to extrapolate this 5% yield to our case.
Having explained why I expect atleast €5 million in yearly buybacks by 2023, that would mean the marketcap should be around €100 million (5% = the buyback of €5 million multiplied by 20).
The current circulating supply of GET is around 13,5 million. The expectation is that the burning mechanism will destroy more than half of that by 2023 (this takes into account an increasing price of the GET token). So let’s round it up to 5 million GET remaining.
A marketcap of €100 million with a supply of 5 million GET would mean a price of €20/GET. This would be an increase of 6566.67%.
Of course these numbers are not set in stone and merely a prediction but if you’ve been reading this blog you have come to understand why I am extremely bullish on the GET token.
I have completely taken the speculation factor or an “altseason” or “fomo” out of the equation and only focused on a price increase driven by an increasing demand and decreasing supply! So the focus is on an organic price growth.
Another great thing about holding a token with mass adoption and guaranteed buybacks is that I don’t have to worry about the price. As the buybacks are a guaranteed thing, the lower the price of GET the more GET is bought back and destroyed forever. So even a price decrease, as contradictory as it may sound, is bullish for longterm holders!
