Saturday, November 14, 2020

Meet the new narrative

This isn’t a BCH community. This is a Bitcoin (BTC) community that allows uncensored discussion of a whole slew of Bitcoin and crypto topics, including but not exclusive to the BCH fork of Bitcoin.

link to comment

I’ve been observing quite a lot of accounts spreading this idea in one form or another as of recently. I believe the core army is unhappy that lots of new folks lend on this sub organically due the btc bull run, and thus will have the option to engage in uncensored discussions about Bitcoin’s story.

Alongside recent events such as BitcoinXio’s account suspension, greg’s direct attack on ShadowOfHarbringer etc this just smells very, very bad.

OCTOBER 2020 REPORT

https://preview.redd.it/fels9hgjq7z51.jpg?width=1184&format=pjpg&auto=webp&s=8ac11380fb0fd10f9582c7f3bbc361055ab351b3

Step by step and piece by piece 888team is building the gambling ecosystem I envisioned as a CEO when I started this journey almost two years ago. My team and I are 100% dedicated to this project. We are confident the 888ecosystem will become a very well known and popular platform around the globe.

All of this would not have been possible without you, our first loyal clients, players and supporters. So first of all I would like to thank you for believing in this project and I hope you will enjoy what is coming up next.

What we have achieved in October

❖We had further negotiations with several crypto traders with over 400K audience to become 888starz ambassadors.

❖We also had further negotiations with our first TOP30 cryptocurrency exchange to list 888token paired with BTC, ETH and USDT. We will put in the necessary time and effort to prepare a good marketing campaign for the listing.

❖We continued negotiations with a second TOP15 exchange to list 888token.

❖The team prepared the necessary work and set up meetings with other crypto exchanges to go through their listing and compliance processes.

❖We added the first FIAT payment options to 888starz.bet:

➢Paysafecard

We have already processed the first PAYSAFECARD transactions.

Head over to official site to find out more: https://www.paysafecard.com/

https://preview.redd.it/20jntctkq7z51.jpg?width=672&format=pjpg&auto=webp&s=c8cd4c12ae8771b71944378171bf9e95cfcb92d4

➢Neosurf

Neosurf is our second FIAT payment provider that has gone online on 888starz.bet. You can check out this cool video on how easy and convenient the service works... and on top of that, you earn Neomiles with every purchase!

Youtube video: https://youtu.be/ZZKglPJVhFE

➢Qiwi

Qiwi payment option is now available for our Russian and CIS players!

They can connect Apple Pay and can also use their custom Qiwi VISA CARD

https://preview.redd.it/rxhrqucst7z51.jpg?width=947&format=pjpg&auto=webp&s=8b54e667ea337863558dec7af1e4ebcdfaed45a1

❖New UPDATED MENU on 888starz

https://preview.redd.it/yh7pdmbut7z51.jpg?width=1185&format=pjpg&auto=webp&s=902a58c2ea8e7c0c744b2cc18f62d63b101c0ea0

❖Added more GAME PROVIDERS taking the total number of slot providers to 24

https://preview.redd.it/ppjr3imvt7z51.jpg?width=979&format=pjpg&auto=webp&s=df03fa228f31a7aec0420a20ea665f75369fffbb

❖Added VIRTUAL GAMES from Leap, Golden Race, Global bet, Virtual Generation, Edge and 1x2 Gaming

https://preview.redd.it/5pwvom9xt7z51.jpg?width=999&format=pjpg&auto=webp&s=c6de259d37d6c3d4a60b688bf93a975c436946d8

❖Added 22 HUNTING AND FISHING games

https://preview.redd.it/rfgjswpyt7z51.jpg?width=945&format=pjpg&auto=webp&s=52e2b7c6c0d176b7001d78494f6d77a07c169acf

❖Added TV-GAMES from TVBET and LIW

https://preview.redd.it/j8nkj1xzt7z51.jpg?width=948&format=pjpg&auto=webp&s=a2a378f8280cbc4de82df1f109a5003932bbaf08

❖Added POKER

https://preview.redd.it/ikf4ez01u7z51.jpg?width=1027&format=pjpg&auto=webp&s=8ae5c4c60a7d88910f9643e67b3d3950f510c4a0

❖Added 8 BINGO AND LOTTERY game providers FLG, Atmosfera, Nsoft, Zitro, MGA,...

https://twitter.com/888Tron/status/1320116365320179719?s=20

https://preview.redd.it/w41yv6u2u7z51.jpg?width=1177&format=pjpg&auto=webp&s=bc92166b5233f46f418889155dde936960975800

❖Added MONOPOLY LIVE by Evolution Gaming

https://twitter.com/888Tron/status/1321171358550773761?s=20

https://preview.redd.it/z0d998p4u7z51.jpg?width=1088&format=pjpg&auto=webp&s=71c6692e342cb30f8c9299211246b8a54fb12c23

❖Added PROMO CODE STORE

How does it work?

PLACE BETS AND COLLECT BONUS POINTS!
EXCHANGE BONUS POINTS FOR PROMO CODES.
WIN WITH 888STARZ.BET!

https://preview.redd.it/m5wnv1p9u7z51.jpg?width=1120&format=pjpg&auto=webp&s=e844f46ef71023c8bd1916c3dd859b2172715c84

❖Launched TWO HALLOWEEN NETWORK events

https://twitter.com/888Tron/status/1320777847368224769?s=20

https://preview.redd.it/nrkyzslbu7z51.jpg?width=1166&format=pjpg&auto=webp&s=3f4c5e63b15122ad7fa5fa11bb85507a270219d2

❖Launched Booongo - October Fest

https://twitter.com/888Tron/status/1317098979075776512?s=20

https://preview.redd.it/odotmmheu7z51.jpg?width=1150&format=pjpg&auto=webp&s=fd0f8311a7a77b71759a82bd0a451dd8360eded4

❖Launched Playson – Solar Escape

https://twitter.com/888Tron/status/1317172450988154880?s=20

https://preview.redd.it/8idmnosfu7z51.jpg?width=1212&format=pjpg&auto=webp&s=41a152712bf56ff3ed9bb0f0512148d9cab3afbf

❖30 EURO FREE UFC BET promo action

Special UFC 254 promo offer for lightweight world title fight between Khabib Nurmagomedov and Justin Gaethje.

https://twitter.com/888Tron/status/1318248530637631488?s=20

https://preview.redd.it/djaieuehu7z51.jpg?width=761&format=pjpg&auto=webp&s=550dc8bd7241a9ad01a3bc8b993e1b9d211cb00c

❖CEO, CFO and core team members attended Moscow Blockchain Summit to meet with current and future business partners.

https://twitter.com/888Tron/status/1318892112600027139?s=20

https://preview.redd.it/bsuz2jcju7z51.jpg?width=1086&format=pjpg&auto=webp&s=fcbc00a12f82fe2278bc7abeb22deab5afc1b5a6

❖Affiliate managers attended a specialized Affiliate Marketing Event to find new CPA networks to promote our platform worldwide.

Signed up CPA networks will start their work with the FIAT payment gateways coming online one by one.

❖888token is now available on Vision crypto wallet

https://twitter.com/VisionCryptoApp/status/1318591672859623424?s=20

https://preview.redd.it/h0qdiq5nu7z51.jpg?width=759&format=pjpg&auto=webp&s=614bccde2fd6f068d94562339a12cc69c127bd34

What is up next

1.Activate more FIAT payment providers on 888starz.

👉 add Visa

-Website: www.visa.com

-Credit card payment options

👉 add Mastercard

-Website: www.mastercard.com

-Credit card payment options

👉 add Paypal

-Website:www.paypal.com

-online payment (supports major cryptocurrencies now)

👉 add Skrill digital wallet

-Website: www.skrill.com

-Fast and secure payments and international money transfers

👉 add Neteller prepaid solutions

-Website: www.neteller.com

-Safe & Secure Online Payment Provider. Instant Deposits & Withdrawals. Free To Use. Instant Money Transfer. 13 Currencies Supported. No Hidden Fees. Used In 200 Countries.

👉 add Webmoney

-Website: www.wmtransfer.com

-WebMoney Transfer is a global settlement system and environment for online business activities. 41 million! users worldwide.

2.Launch of the new unified REWARD model.

3.Launch of the DEFI module on 888tron.com.

4.Activate more game providers.

5.Finish the integration of the fiat marketing offers for our CPA and affiliate partners

to start receiving fiat traffic on 888starz.

6.Legal department will continue to work on obtaining more local licenses.

7.We are aware that advertising is critical in achieving the objectives of the platform. For this reason ads of 888tron will be displayed on Tronlink wallet. This exposes 888tron to thousands of potential users on a daily basis.

Financials

From a financial standpoint, October was successful for 888tron and 888starz is starting to perform better than the previous months.

888tron total dividend payouts were over 5,903,600 TRX (~$147,592).

Which is an average of ~6 USD per 1000 tokens per month. TRX price has dropped down to an average of 0,025 USD.

The ratio of 1K 888tokens and total dividends payouts gave an average of 40% ROI to its holders in October. 888token price stayed stable around 9.3 TRX.

In October we saw BTC rally to 15,000 dollar and its price still continues to grow. Many crypto users invest more in Bitcoin rather than in altcoins like TRX at this time.

Every time BTC price goes up we can see that gaming activity slows down a bit on both projects. That’s why our team works hard on fiat payment solutions and will rely on professional CPA networks to generate traffic to our platforms.

888starz Total bet – EUR 254,259, Total Paid out 245,466, GGR - 8,793 EURO.

We finished the month October with a small loss of 1314 dollar. This loss is covered by team funds. *See addendum for detailed numbers.

Our Affiliate team is working on integrating new fiat offers for CPA networks and affiliate partners. 888team is very hopefull that November and December will be much more successful due to CPA marketing and promo being done.

More info on the REWARD MODEL

The much anticipated launch of the 888starz reward model is almost near. Here is how we will proceed:

1.Launch of the REWARD model on 888starz.bet so players will be able to MINE 888 tokens by playing on 888starz.

a.The system has been tested thoroughly internally and checked by an external audit but to make sure the system operates stable&safe in real world conditions and to avoid fraud & hacker attacks the withdrawal of 888 tokens from 888starz will NOT be available during the first one month testing period.

b.The first month of operation of the reward model the dividend pool will be accumulated WITHOUT distribution.

Instead the profit during this testing period will be accumulated on the platform. The accumulated profit will be paid out the following month.

c.After the one month testing period is over we will synchronize the reward modules of both 888tron and 888starz. From then on there will be only ONE reward pool for BOTH platforms. Players of both 888starz and 888tron will receive reward payouts every 24 hours.

d.After the full integration of the REWARD model token withdrawal will be available instantly without 24 hour lock period.

2.Until the above reward model is implemented and gone through testing period on 888starz, the 888tron dividend pool will be distributed every 48 hours as usual. Tokens frozen on 888tron will participate in reward pool distribution.

3.In December we will launch the DEFI upgrade for 888tron. At first this functionality will be available for 888tron players ONLY as they are advanced and experienced crypto users. We will monitor closely how well and successful this DEFi feature performs.

Final thank you

The pieces of the puzzle 🧩 are falling together. Thx for your loyalty, patience and support.

Ruslan, CEO

Addendum

https://preview.redd.it/lod0n1g4v7z51.jpg?width=1244&format=pjpg&auto=webp&s=22b31053ea1aed9a3c745d1d4b7085ad175ad7d8

https://preview.redd.it/c4x4cinev7z51.jpg?width=545&format=pjpg&auto=webp&s=256fb21f11b796615cd1dfd5af5fa8c3e20e2d12

Some thoughts on bitcoin dominance

In my opinion, the dominant pattern in bitcoin dominance is the symmetrical triangle we are currently forming. Maybe it's obvious to everyone but I haven't seen anyone talk about it.

https://www.tradingview.com/x/l7Jm7iJA/

The trendlines intersect in early May, so I would expect that by late 1st quarter/early second quarter of next year, the medium term direction of bitcoin relative to other altcoins.

We don't know whether or not it will break up or down. However, I would expect it to break up, for several reasons.

1) Bitcoin functions as a competitor to gold without any additional changes or development. It is essentially a complete project, and to be honest, doesn't really need to scale at the base layer in order to compete with gold. It makes some sense that, due to its stock to flow, and the "digital gold" narrative, bitcoin might have a market cap similar to gold.

Ethereum, by contrast, is not complete compared to what it is trying to do. It is currently trying to move to Ethereum 2.0, and that project is possibly years away from completion (rollout keeps on getting pushed back, for one). And of the all the altcoins out there, Ethereum is the best developed.

It just doesn't make sense for the altcoin market to be valued equally to or higher than an asset class like gold. I expect that the market will price in the incompleteness of altcoin projects relative to bitcoin as market caps rise.

2) Just look at some of the headlines. You have microstrat and square purchasing giant amounts of bitcoin. You have IRAN accepting payments in bitcoin. Do you see any other companies making large purchases of Ethereum or other altcoins?

Likewise, look at the headlines when paypal allowed its users to purchase bitcoin. Were the headlines "Paypal lets its users purchase Ethereum"? Or were they "Paypal lets its users purchase Bitcoin and Ethereum"? NO! They were "Paypal lets its users purchase Bitcoin".

What this all illustrates is that bitcoin is a known quantity compared to Ethereum and altcoins. So when crypto starts getting attention, Bitcoin will lead the way relative to altcoins.

3) Maybe you don't believe me because my name is u/Happy_Pizza_ and not u/Rambo_Degen_God_Trader. If so, then take it from Messari. In their report Crypto Thesis for 2020 (which, for the record, is a year old), they basically agree with me.

Bitcoin will lead, or alts will bleed An interesting thing about crypto is that bitcoin has not actually led a supercycle rally since 2013. There’s evidence to suggest that, back then, family office and accredited investor interest in the Bitcoin Investment Trust led the rally. In 2017, it was ETH and ICOs that led the rally. I remember being at the Enterprise Ethereum Alliance’s inaugural event, and it was a who’s who of “blockchain, not bitcoin” folks from the major corporates. I thought, “oh fuck, maybe I should buy some ETH just in case,” then all hell broke loose with people raising $30 million in 30 seconds with ETH. You made money in ETH / ICOs, then you “sold” into Bitcoin on Poloniex. That was the formula. It wasn’t until later in the year that bitcoin became its own thing again following the resolution of the SegWit2x stalemate.

Why does this history matter? Because bitcoin itself hasn’t sparked a proper rally in six years, and the much hyped “halving” narrative is bullshit because the magnitude of the decline in new issuance as a percentage of market cap is tiny. Instead, the 2013 and 2017 rallies were driven by new types of buyers. It just so happens bitcoin is the most likely asset to attract the next major new type of buyer again today: institutions. There won’t necessarily be a sudden surge higher. Instead, it will be more like a snowball: one off announcements of adoption begin to increase in frequency before the price begins to tick slowly higher. I think bitcoin hits a new high before we go macro “risk off” again.

However, it's not all bad news for alts. I think bitcoin dominance will spike to the 80% range, but after that, we will be set up for a pretty nice altcoin season in the latter half of 2021.

Why? I think there are a few reasons.

1) If bitcoin starts breaking +100k prices, that will bring an enormous amount of money into the entire crypto sphere. Retail will feel that bitcoin is too expensive and put money into altcoins they perceive as less expensive.

2) Savy crypto hodlers and traders, who know enough about altcoins to have opinions of them, will almost certainly rotate some of their bitcoin gains into altcoins.

3) Altcoins deserve to be funded. Some of the stuff they are doing with decentralized finance is pretty interesting and does not compete directly with bitcoin. People will see the potential for profit to be made, they will look for the next bitcoin, ect.

Because of this, I expect bitcoin dominance to look something like this, for 2021.

https://www.tradingview.com/x/OwTDWhfy/

Bounce to +80% dominance late 1st quarter early 2nd quarter 2021, ending some time in mid year, then a move back to the upper 60% range in the later half of the year.

Bitcoin Event Gemini Exchange | Cameron and Tyler Winklevoss | Bitcoin | Ethereum | 11/14/2020 - Dicas sobre Bitcoin - Ganhe rápido

https://allbitcoin.com.br/2020/11/14/bitcoin-event-gemini-exchange-cameron-and-tyler-winklevoss-bitcoin-ethereum-11-14-2020-dicas-sobre-bitcoin-ganhe-rapido/?feed_id=27996&_unique_id=5fafc87ddda7a

A Quantitative Analysis of the Impact of Arbitrary Blockchain Content on Bitcoin

I was looking up how V-ID works and they referenced this paper. it mentions storing data on bitcoin but this could be applied to any permissionless blockchain. btc can't store much data in a transaction. However this company analysed bitcoin for "files" i.e. msgs in the transactions, many were hyperlinks.

Abstract.

Blockchains primarily enable credible accounting of digital events, e.g., money transfers in cryptocurrencies. However, beyond this original purpose, blockchains also irrevocably record arbitrary data, ranging from short messages to pictures. This does not come without risk for users as each participant has to locally replicate the complete blockchain, particularly including potentially harmful content. We provide the first systematic analysis of the benefits and threats of arbitrary blockchain content. Our analysis shows that certain content, e.g., illegal pornography, can render the mere possession of a blockchain illegal. Based on these insights, we conduct a thorough quantitative and qualitative analysis of unintended content on Bitcoin’s blockchain. Although most data originates from benign extensions to Bitcoin’s protocol, our analysis reveals more than 1600 files on the blockchain, over 99 % of which are texts or images. Among these files there is clearly objectionable content such as links to child pornography, which is distributed to all Bitcoin participants. With our analysis, we thus highlight the importance for future blockchain designs to address the possibility of unintended data insertion and protect blockchain users accordingly.