Thursday, December 17, 2020

[Daily Discussion] Friday, December 18, 2020

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:


[Altcoin Discussion] Friday, December 18, 2020

Thread topics include, but are not limited to:

  • Discussion related to recent events
  • Technical analysis, trading ideas & strategies
  • General questions about altcoins

Thread guidelines:

  • Be excellent to each other.
  • All regular rules for this subreddit apply, except for number 2. This, and only this, thread is exempt from the requirement that all discussion must relate to bitcoin trading.
  • This is for high quality discussion of altcoins. All shilling or obvious pumping/dumping behavior will result in an immediate one day ban. This is your only warning.
  • No discussion about specific ICOs. Established coins only.

If you're not sure what kind of discussion belongs in this thread, here are some example posts. News, TA, and sentiment analysis are great, too.

Other ways to interact:


AnniBalloon Review Event!

AnniBalloon Review Event!

https://kokfoundation01.medium.com/anniballoon-review-event-9ac5f0828a88

#KOK #KOK_Foundation #KOK_Play #KOK_Token #KOK_Coin #ZBG #Bithumb_Global #Blockchain #ERC20 #Bitcoin #Cryptocurrency #Digital_contents_platform #Decentralization


Arrested at 18, not convicted, but now nearly 27& constantly kept from advancing in life due to arrests so just want to stop living

So, as the title says I had some legal issues at the very beginning of my adult life.

The actual events were stupid but (and I really don't like defaulting to this, but I think it may be a possibility) I'm Hispanic with dark brown skin and live in America, so I think that may have had something to do with the charges put on me. At 18 I got into an argument with a family member at my house because she wouldn't let me back inside. The police came, we still don't know who called them, but they ended up arresting me and charging me with burglary and resisting officer without violence because I did not understand what was happening when they started cuffing me and protested, I was 18 and was at my own house, it didn't seem possible.

A little less than a year later while the case was still open I dated a girl who (and I deeply regret this but didn't think it would be this big a deal) I cheated on. When she found out, since she knew about my current court case in order to get back at me she lied to the police and said and said I had stolen and used her credit card at a gas station and I ended up getting arrested for burglary and some specifically named charge about possession of stolen ID. Thankfully those charges were dropped almost immediately when my family spoke to the girl and explained how horrible what she had done to me was, but I had to sit in jail with no bond due to being arrested while out on bond until my court date came around and the girl's affidavit that she had lied came to the judges attention.

In the end it took years and I had to take a probation agreement for a year but I walked away with no conviction when I had just turned 22.

However now I'm nearly 27 and while I am further and further from this and try harder and harder to further my life and advance as a person and seek opportunities, the more these arrests that resulted in no convictions come back to bite me.

Wanna get that nice apartment your girlfriend wants? Oops, sorry, no.

Studied really hard to get a bachelors and are interviewing for well paying jobs so you can finally stop being a broke college student? Oops, you're not getting hired ANYWHERE

Accepted it and worked as a waiter or bartender in nice restaurants and want to use your experience to go work at a nice hotel chain in a management position? Oh, man, how weird, NO!

Eventually accept you got a degree for nothing so decide to start your own business and do freelance work? Well, Turns out all the clients that would actually pay you more than a bartender makes even do background checks on freelancers! You'll get a good one once in a while, but the experience pales in comparison to the arrest record at your next interview!

Want to try going to law school so you can maybe help people so this injustice doesn't happen to them? Wow, sorry, you can't go to these

Used AirBNB literally dozens of times on 3 different continents over several? Sorry, we changed our policy, nobody arrested even if not convicted can use our service anymore. Guess you can never go on a fucking vacation again!

Get lucky and have a friend who works at a good company and offers you a high paying job that might fix your permanent poverty issue? Damn, you got REALLY far in the process on that one but sorry!

Fuck it, maybe I can join the military! Oh, sorry, no we won't take you

Its just CONSTANT! The longer I go on the more I think I really did get my whole life fucked up right out the gate, just ruined from ever having a successful life IMMEDIATELY upon being considered an adult!

I'm not really depressed, I've been depressed before, I am not that. But I was always a really smart and high achieving student. I got the highest SAT score in my county for my graduating class and got a scholarship because of it, languages are my hobby and I speak 4 fluently and 2 others intermiadetely but I always work on, I'm confident, considered attractive by most, by all means I was told I was going to have a great life. I've never really experienced racism or had many issues besides internal and mental health struggles that are very very common, nothing crazy, but it just seems like these events that I feel more happened to me than are something I should feel responsible for and accept the consequences of, which happened a longer and longer time ago every day and by all means due to the fact that I wasn't convicted shouldn't have become an impediment are a CONSTANT roadblock and as time goes on and I see my peers advancing and becoming adults I'm blocked over and over.

It just seems like these arrests that didn't lead to convictions keep fucking up everything and living in the internet age, like no matter what I do the mere fact of the arrests will impede me from advancing and will keep me stuck in perpetual struggle, often needing to borrow money from family and being stuck in what I would have thought to be jobs I would only have to do while I was a college student.

Part of me wants to move to another country but my home is here, my entire family is here, I've lived abroad in England and France for 6 months and 18 months respectively and while those places are cool and exciting, I like American culture, I like the business and work culture here. I wouldn't be satisfied having to adapt to a different culture for my entire life and likely having to give up on dreams I had of jobs and goals that exist in the form I dreamed of in America, like being a criminal lawyer helping people so they don't get fucked like me.

I don't want to die, in fact I can't smoke Marijuana anymore because any time I do I get paralyzing death anxiety and think of nothing but my impending death and the futility of my mortality against the barrage of time. I stay very up to date on life extension research and technology, Ive considered when I get more money paying to go get a second bachelors in biology and going to medical school to participate in the research even.

But it seems more and more like ill never get more money. I've had brief windfalls, i was an esrly miner of Bitcoin and paid off the few student loans I took with money from that in 2017. This year I made some money on the stock market and was able to catch up on over 2 years of debt I had accumulated and buy a car for the first time. A few years ago a major company hired me for contract work only 3 months after I had started my freelancing career, and when after several interviews they offered me the job, they mentioned a background check and when I told them of the arrests without conviction they immediately said "We can just skip the background check" , implying that my arrests alone would've precluded me from getting the position I had earned,, and for 3 months I had the type of life with the type of job I thought I would have after college. Like, it isn't constantly terrible, I'm a person, I have good times and bad, but it's never constant, its always long periods of difficulty and then a lucky break of some kind.

I get turned down for good jobs constantly. I can't get a fucking AirBNB anymore. I had money I wanted to use to buy a home to rent out to have an income stream and I was barred from buying it. I tried to join the military as a way out and was turned away. I got rejected from law school despite an alright GPA and a very good LSAT score. My last 2 girlfriends and I were, separately, 4 years apart, turned down for BOTH of their favorite apartments and many others and had to go for admittedly fine but not super nice apartments without official lease agreements or month to month renting where it took forever for the landlord to fix things. Even a good job where I explained everything AND my friend was the manager who tried to hire me turned me away after more than a month of interviews, forms, training and even an out of state trip.

This shit fucking sucks. Its been nearly a fucking decade and these stupid fucking arrests just keep fucking with me. I don't want to be 30 and be pretty much the same place I was at in life as when I was 22, but thats 3 years away and it looks like thats more and more likely by the day.

Why fucking live if I can never advance in life or be successful just because of some bullshit charges THAT WERE FUCKING DROPPED from literally SIX MONTHS AFTER I TURNED 18.

I really do consider killing myself more and more every time this happens, and incidences have increased HUGELY in the last 3 years, or since I finished college. It wouldn't be hard. I've had a lot of friends die from fentanyl overdoses, and I have a few friends who are currently addicts that relapse every now and then. They would tell me where to get fentanyl, and it seems like a very fast and painless death.

I'm not exactly there yet, I guess I can keep trying, but shit just keeps getting fucked up for me and my life isn't moving at all. It isn't just me, this affects my partners and eventually if I got married, my wife.

I'm pretty sure, however, if my current girlfriend left me and I didn't have some decent consistent, well paying job at that time, that I'd give up. Get some fentanyl and lights out, no more fighting an uphill battle, no more bullshit, no more having to live a life that was sabotaged at the very start.

I really don't see many counterarguments. I'm not getting the life I expected, life is WAY harder for me than I feel is fair and I just am not willing to go through the rest of my life as a paycheck to paycheck, working class bullshit person. I'm not depressed, I just don't want this life if it stays this way, I don't view living on its own as enough of an inherent good to be worth putting up with living a low class lifestyle and never getting to accomplish any of my dreams.

Are there any people who have been through something similar? Or any counterarguments? I don't want to die, but I don't want to live this way because of a bullshit system either.


What is going on with crypto in Estonia

When all of us are very happy about Bitcoin’s new price, there are other significant events in the crypto world.

Estonia is known as a very crypto-friendly country. However lately its politics towards cryptocurrencies have changed. The country has withdrawn licenses of about 400 crypto services registered in Estonia. Government representative explains that the industry is forming regulations thus changes are inevitable. Moreover, Estonia is acting as a member of the EU and has to support anti-money laundering policy.

Where do you think crypto services go next?


Weekly Discussion - December 17th - December 24th, 2020

NEO

Neo Global Development Ecosystem Growth lead, John Wang, participated in a panel on non-fungible tokens and DeFi at the Cutting-edge Games Conference virtual event.

Neo founder, Da Hongfei, participated on a virtual panel hosted by Jinse to discuss cross-chain technologies in the blockchain industry.

NNT Catch Up

Da Hongfei published an article on CoinTelegraph discussing his belief that Bitcoin’s network security will diminish as block rewards decrease and BTC storage grows on other networks. The article expanded upon three possible solutions: increasing fees, integrating smart contract and DeFi support, and increasing the BTC token supply.

Developer Groups

COZ rolled out a new release of Mamba, its Python SDK for Neo developers. A major milestone featuring over 8,000 new lines of code, the latest version most notably includes the interoperability layer, which is used alongside a virtual machine to process smart contracts. V0.4 expands the blockchain helper class to support basic node functionality in the SDK, allowing complete interaction with Neo networks based on the current Preview3 build.

O3 Labs integrated support for ETH and ERC-20 tokens into both its Android and iOS mobile wallets.

Ecosystem

December 7th, Bridge Protocol announced the BRDG-NEO trading pair on Switcheo had relaunched.

December 9th, Novem announced plans to launch a DeFi protocol. The Novem Gold Protocol will be used to manage liquidity pools, commodity storage pools, and refinery pools for various precious metals.

December 9th, Switcheo received near-unanimous approval from token holders to move forward with a major node software upgrade. The day prior, Switcheo proposed to update TradeHub to v1.9, allowing users to deposit and withdraw ETH and NEO, contribute to liquidity pools, trade, and more. Node validators will have until block height 5,115,000 to complete the pre-upgrade steps. Switcheo anticipates reaching this block height around 4:00 am (UTC) on December 16th, 2020.

December 9th, Moonlight co-founder, Tyler Adams, demonstrated the Vivid identity solution at the ZilHive Accelerator Demo Day 2020.

December 10th, Nash released a Beyond the Chain podcast episode with Crobox founder, Rodger Buyvoets, to discuss data analysis, feedback loops, and more.

December 10th, QLC Chain architecture advisor, Dr. Andreas Freund, contributed to a Metro Ethernet Forum white paper about using blockchain for billing and settlement solutions.

December 11th, Nash launched an ERC-20 version of its NEX token on Ethereum. Users can now swap between NEP-5 and ERC-20 NEX tokens. However, only the NEP-5 version can be staked on the Nash platform. An ETH-NEX market is now available on Uniswap.

Token Listings

NEX listed on Uniswap.

Events

December 15th: NeoLine hosting a virtual event with Binance to discuss ‘Multi-dimensional Analysis of Binance's Digital Currency Block Trade.’


Bitcoin investors are bracing for a key technical event — here's what you need to know

https://cryptocurrenciesguide.com/bitcoin-investors-are-bracing-for-a-key-technical-event-heres-what-you-need-to-know/

Bitcoin investors are bracing for a key technical event — here's what you need to know

https://cryptocurrenciesguide.com/bitcoin-investors-are-bracing-for-a-key-technical-event-heres-what-you-need-to-know/

What is going on with crypto in Estonia

When all of us are very happy about Bitcoin’s new price, there are other significant events in the crypto world.

Estonia is known as a very crypto-friendly country. However lately its politics towards cryptocurrencies have changed. The country has withdrawn licenses of about 400 crypto services registered in Estonia. Government representative explains that the industry is forming regulations thus changes are inevitable. Moreover, Estonia is acting as a member of the EU and has to support anti-money laundering policy.

Where do you think crypto services go next?


What is going on with crypto in Estonia

When all of us are very happy about Bitcoin’s new price, there are other significant events in the crypto world.

Estonia is known as a very crypto-friendly country. However lately its politics towards cryptocurrencies have changed. The country has withdrawn licenses of about 400 crypto services registered in Estonia. Government representative explains that the industry is forming regulations thus changes are inevitable. Moreover, Estonia is acting as a member of the EU and has to support anti-money laundering policy.

Where do you think crypto services go next?


What is going on with crypto in Estonia

When all of us are very happy about Bitcoin’s new price, there are other significant events in the crypto world.

Estonia is known as a very crypto-friendly country. However lately its politics towards cryptocurrencies have changed. The country has withdrawn licenses of about 400 crypto services registered in Estonia. Government representative explains that the industry is forming regulations thus changes are inevitable. Moreover, Estonia is acting as a member of the EU and has to support anti-money laundering policy.

Where do you think crypto services go next?


Is Bitcoin a tulip?

For those who don’t know, tulips (yes the flower) were the original bubble. People bought tulips not because they wanted tulips, but because they wanted someone else to buy them for more. While this is true for stocks as well, stock prices reflect actions and performance of the company. A stock goes up when the value of the company goes up.

Bitcoin is an asset, so it is in a similar category.

Whenever I ask why my friends have Bitcoin, they have it just to sell it for more to someone else, who is also probably buying it to sell for more to someone else.

The underlying functions of btc see no change to reflect change in price, people just buy it because they want the next guy to pay more for it.

It seems to be just like a tulip.

Purpose of Bitcoin that I could find:

———

Drug money (unironically, it’s original use)

Corrupt government store of wealth (if you live in China or countries with mass inflation)

Tax fraud (this is why I feel it will likely get btc ban from being accepted at legal businesses, too much work for the IRS to protect against fraud)

Hedge to inflation (as mentioned in the corrupt government situation but more details below)

———

By design, btc has infinite deflation, more people exist each day, while btc is finite. As such it cannot become a currency. (Why spend it today when you could get significantly more with that same Bitcoin tomorrow?)

In contrast to other investments, like stocks, with growth clearly reflecting events of the company, or real estate with clear income potential. Bitcoin is more like digital gold, which normally acts as a hedge to inflation, but bitcoins actual price is far from moving at the rate of inflation or other hedge assets.

Also, please do confuse blockchain technology with Bitcoin. Blockchain can be useful, and something made with blockchain can be useless.


In these days of only price talking, a piece of bitcoin when it was priceless

One of the last posts made by Hal Finney on bitcointalk.org. For the uninitiated, Hal received the first ever transaction of bitcoin. 10 coins from... Satoshi (for the uninitiated still, the builder of Bitcoin)...

I thought I'd write about the last four years, an eventful time for Bitcoin and me.

For those who don't know me, I'm Hal Finney. I got my start in crypto working on an early version of PGP, working closely with Phil Zimmermann. When Phil decided to start PGP Corporation, I was one of the first hires. I would work on PGP until my retirement. At the same time, I got involved with the Cypherpunks. I ran the first cryptographically based anonymous remailer, among other activities.

Fast forward to late 2008 and the announcement of Bitcoin. I've noticed that cryptographic graybeards (I was in my mid 50's) tend to get cynical. I was more idealistic; I have always loved crypto, the mystery and the paradox of it.

When Satoshi announced Bitcoin on the cryptography mailing list, he got a skeptical reception at best. Cryptographers have seen too many grand schemes by clueless noobs. They tend to have a knee jerk reaction.

I was more positive. I had long been interested in cryptographic payment schemes. Plus I was lucky enough to meet and extensively correspond with both Wei Dai and Nick Szabo, generally acknowledged to have created ideas that would be realized with Bitcoin. I had made an attempt to create my own proof of work based currency, called RPOW. So I found Bitcoin facinating.

When Satoshi announced the first release of the software, I grabbed it right away. I think I was the first person besides Satoshi to run bitcoin. I mined block 70-something, and I was the recipient of the first bitcoin transaction, when Satoshi sent ten coins to me as a test. I carried on an email conversation with Satoshi over the next few days, mostly me reporting bugs and him fixing them.

Today, Satoshi's true identity has become a mystery. But at the time, I thought I was dealing with a young man of Japanese ancestry who was very smart and sincere. I've had the good fortune to know many brilliant people over the course of my life, so I recognize the signs.

After a few days, bitcoin was running pretty stably, so I left it running. Those were the days when difficulty was 1, and you could find blocks with a CPU, not even a GPU. I mined several blocks over the next days. But I turned it off because it made my computer run hot, and the fan noise bothered me. In retrospect, I wish I had kept it up longer, but on the other hand I was extraordinarily lucky to be there at the beginning. It's one of those glass half full half empty things.

The next I heard of Bitcoin was late 2010, when I was surprised to find that it was not only still going, bitcoins actually had monetary value. I dusted off my old wallet, and was relieved to discover that my bitcoins were still there. As the price climbed up to real money, I transferred the coins into an offline wallet, where hopefully they'll be worth something to my heirs.

Speaking of heirs, I got a surprise in 2009, when I was suddenly diagnosed with a fatal disease. I was in the best shape of my life at the start of that year, I'd lost a lot of weight and taken up distance running. I'd run several half marathons, and I was starting to train for a full marathon. I worked my way up to 20+ mile runs, and I thought I was all set. That's when everything went wrong.

My body began to fail. I slurred my speech, lost strength in my hands, and my legs were slow to recover. In August, 2009, I was given the diagnosis of ALS, also called Lou Gehrig's disease, after the famous baseball player who got it.

ALS is a disease that kills moter neurons, which carry signals from the brain to the muscles. It causes first weakness, then gradually increasing paralysis. It is usually fatal in 2 to 5 years. My symptoms were mild at first and I continued to work, but fatigue and voice problems forced me to retire in early 2011. Since then the disease has continued its inexorable progression.

Today, I am essentially paralyzed. I am fed through a tube, and my breathing is assisted through another tube. I operate the computer using a commercial eyetracker system. It also has a speech synthesizer, so this is my voice now. I spend all day in my power wheelchair. I worked up an interface using an arduino so that I can adjust my wheelchair's position using my eyes.

It has been an adjustment, but my life is not too bad. I can still read, listen to music, and watch TV and movies. I recently discovered that I can even write code. It's very slow, probably 50 times slower than I was before. But I still love programming and it gives me goals. Currently I'm working on something Mike Hearn suggested, using the security features of modern processors, designed to support "Trusted Computing", to harden Bitcoin wallets. It's almost ready to release. I just have to do the documentation.

And of course the price gyrations of bitcoins are entertaining to me. I have skin in the game. But I came by my bitcoins through luck, with little credit to me. I lived through the crash of 2011. So I've seen it before. Easy come, easy go.

That's my story. I'm pretty lucky overall. Even with the ALS, my life is very satisfying. But my life expectancy is limited. Those discussions about inheriting your bitcoins are of more than academic interest. My bitcoins are stored in our safe deposit box, and my son and daughter are tech savvy. I think they're safe enough. I'm comfortable with my legacy.

p.s: If something has to get to r/all, I wish it is some post like this, so people can really see what Bitcoin is, and not just its price and monetary value. Thanks for any and all upvotes..


Weekly /r/Iowa Events Thread for the week of December 17, 2020

This thread is for any events going on in Iowa 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 that state this week? Add a comment below. Anything from music to politics to a house party.

If you have any recurring events, specials, or other suggestions for this weekly thread, please send us a modmail or post it here and ping /u/annarchist - else it will likely be focused on shit Im interested in.

Please provide the following when posting new events: Time, Date, Location, Cost and some sort of description of the event.

New threads start every week, and will be stickied at the top of the subreddit. I am still working on the formatting, so if it sucks or you want changes, please provide feedback.

Here are some places to find things to do - if you see something that looks cool feel free to discuss it here because I'm sure some of us will miss it: Cityviews Calendar - Juice Calendar - Des Moines Register Event Page - Catch Des Moines Calendar - Travel Iowa Event Search

Outdoors: Trout Stocking Schedule | Iowa Biking Maps | Outdoors Things to Do | Hunting Regulations | Fishing Regulations Note -Annual Iowa hunting and fishing licenses expire on Jan. 10.

Sports: Iowa Cubs Schedule | Cedar Rapids Kernal Schedule | Hawkeye Football Schedule | Hawkeye Basketball Schedule | Iowa State Football Schedule | Iowa State Basketball Schedule | Drake Basketball | UNI Football | UNI Basketball | Barnstormer Schedule | Waterloo Blackhawks

Music: Bands in Town - Des Moines | Bands in Town - Cedar Falls | Bands in Town - Iowa City | Nitefall on the River

Local Message Boards: UrbanDSM|IowaOutdoors515Crew Election|Dates :--|:-- General Election|November 6, 2018. City Primary|October 8, 2019 Regular City & Regular School|November 5, 2019 City Runoff|December 3, 2019 Primary|June 2, 2020 General|November 3, 2020

Des Moines Reoccurring Events:
*Third Friday of Every Month is Mixology at the Science Center in Des Moines * Blues Jam Band every Tuesday at Carl's Place, $3 tallboys * Area515 1731 Grand Avenue, Des Moines - Electronics Club 2nd Wednesdays at 7pm - 3D Printing Club 3rd Mondays at 7pm - Ham Radio Night 4th Mondays at 7pm * Young Professionals Connection Calendar * Des Moines Bitcoin and Blockchain MeetUp at Gravitate in West Des Moines - 4th Thursday of the month - 7:00pm * D&D at Mistress Brewery in Ankeny Sundays 3:30pm-7:30pm.

Quad Cities Reoccuring events: * Every other Wednesday (July 25th): Eat the Streets (downtown Davenport) * relevant sub thread

Cedar Falls Reoccurring Events: * Every Tuesday night there are rides that leave at singlespeed in CF. 5:30 is the 22mph average ride. 6:00 is the 18mph average ride and women's ride. * Every Wednesday is the the CvC WOW ride that meets at 6 pm at 4th and Main St in CF. Several types of rides for all types of riders.

Council Bluffs Reoccurring Events: * Every Thursday night in council bluffs is the Taco Ride from CB to mineola Iowa

Central Iowa Bar Map - If you know who created this or want to download the XML and expand on it, please do so! If you create an updated one including your regions bar, Ill replace this one.

Note this is going to start likely central Iowa Centric as I am using that as the baseline the creation of this.

Tag/ping /u/AnnArchist if you post in here with like something added on a weekly basis. I also included the tag here so I remember to check this.

Iowa Discord Server


Why did Bitcoin break its ATH?

Many reasons, depending on what you believe.

Technical analysts point to a proven cycle of rallies shortly after a Bitcoin halving event — always around 6 months after halving. This happened twice before and appears to be happening now, roughly 6 months after the last halving on 11th May 2020.

Fundamental analysts believe it’s simply a matter of network strength. More hashpower means more security, more users and adoption means more demand and utility, and this year we’ve had strong buying interest from big companies and institutions.


Weekly general discussion - December 17, 2020

Welcome to the weekly general discussion thread of /r/btcsv! Thread topics include, but are not limited to: General discussion related to the weeks events, questions that don't deserve their own thread. Please discuss prices in the Weekly Bitcoin markets and price discussion thread.


Why Bitcoin is destined to become a niche asset - A cryptocurrency reality check [PDF]

This document, made by the Dutch bank ING, describes why exactly Bitcoin will never be adopted by the masses. I thought it would be great to share, it could be interesting to say what banks have to say.

Some highlights from the document:

The only justification for investing in Bitcoin today is the assumption that others are willing to buy Bitcoin at higher prices in the future.

If bitcoin is “digital gold”, then forking and copy-pasting are successful forms of “digital alchemy”.

A negative event, such as a Bitcoin price crash followed by public outcry, could trigger a regulatory crackdown.

While much work is being done to improve Bitcoin scalability, a successful solution will involve painful trade-offs, and has yet to be implemented.

If however you believe the – in our view quite unlikely – scenario that Bitcoin will in the end replace all narrow money in circulation, then one Bitcoin would in the end buy as much as does US$1.7m today.

Current level of transaction fees makes Bitcoin very unattractive for small payments.

Scalability and volatility are practical impediments that could be overcome. However, Bitcoin governance (or rather, lack thereof) make implementing the needed changes a slow and painful process.


CoinEx in Its Third Anniversary: Stick to Commitment and Innovation

https://preview.redd.it/a67pwm2q4p561.png?width=900&format=png&auto=webp&s=4c8102e8dea4e0ba0236add2836971dab48f09d1

Dear CoinEx users,

Hello!

The year 2020 marks a critical milestone for CoinEx. While this December may be business-as-usual for many, we at CoinEx are about to celebrate the third anniversary, which calls on us to look back and plan for the future.

The December three years ago saw Bitcoin hitting $18,000. For the first time, it showed the world the power of “trust”. This December, Bitcoin’s price hits all-time high and climbs over $20,000, and unlocked the immense possibilities by the “commitment” for the blockchain community.

At that time, the blockchain industry was in its heyday, with a boom in projects and exchanges. In the same month, CoinEx was founded. Thanks to ViaBTC’s experience in running digital exchanges, CoinEx emerged from the fierce competition in the crypto market, came into the public vision, and won investors’ trust.

Looking back, the past three years is full of ups and downs

CoinEx’s glory was unveiled in 2017.

For the past three years, CoinEx has been committed to its belief in its path of development, be it in 2017 when exchanges embraced a boom or in 2018 when a flood of frustrated investors quit the sluggish market, or even in 2019 when the industry was hit by both rigorous supervision and a bearish market. With firm faith in the power of cryptocurrencies to make the world a better place, CoinEx has never ceased to progress toward its ambition of growing into one of the world’s leading digital asset trading platform.

For the past three years, CoinEx has always believed that the most fundamental significance of exchanges lies nowhere but in the selection of innovation projects. Starting from scratch, CoinEx now has launched as many as 169 premium innovative projects, all standing the test of the market.

For the past three years, CoinEx has focused its efforts on product quality and security, taking them as the most important foundation for exchanges. From the most basic spot trading and perpetual contracts, through leverage trading to fiat onramp, CoinEx products and functions are sufficient enough to cater to users’ demands for digital currency trading.

In terms of product security, CoinEx has taken multiple means to continuously improve the security of its system, operation maintenance, and wallet. Since Day One, CoinEx has been one of the few exchanges that enjoy a reputation of “zero accidents” in the industry.

For the past three years, CoinEx has consistently centered on the operating philosophy of “users first”. With services in different languages including Chinese, Japanese, Korean, Russian, Spanish, and Arabian, CoinEx provides accessible products for users from over 100 countries and regions, no matter what language they speak.

CoinEx operates around the clock, even in festivals and legal holidays such as the Dragon Boat Festival, Mid-autumn Festival, the National Day of China, Christmas, Thanksgiving Day, and the Chinese New Year. At CoinEx, a professional customer service group is always ready to serve its users online whenever needed.

CoinEx offers the most generous benefits across the industry for VIP clients and market makers, e.g. gifts for festivals, franchised gifts, discounts in transaction fees, and fixed salaries. At CoinEx, each one of VIP clients is entitled to his due privileges and extra profits.

For the past three years, CoinEx has persevered with its expansion into the overseas market in an attempt to make itself a global brand. Through its “CoinEx Ambassador” Program and “International Expansion” Program, CoinEx has managed to gain a foothold in Southeast Asia, the Middle East, South Africa, Japan, South Korea, and other markets where the cryptocurrency industry is booming. To be specific, its overseas users have grown by over 300%, making CoinEx one of the biggest exchanges in the Middle East.

The past three years has also seen some vain efforts, which made CoinEx miss several opportunities and left it in disadvantages.

Along the journey of entrepreneurship, there are frustrations and misgivings. Fortunately, CoinEx has your support and company, which is the source of our courage to embrace whatever surprises and incidents.

Looking forward, a bright future calls for all-out efforts

The three years of efforts have laid a solid foundation for CoinEx on its development path toward the world’s leading digital asset trading platform. Yet that is far from enough. As an infrastructure constructor in the blockchain world, CoinEx still has a long way to go, and it needs to spare no effort before it can catch up with the ever-changing blockchain industry and the tides of the era.

At the point of the third anniversary, CoinEx is formulating new strategies for future growth while drawing past lessons. The company has decided to launch a new brand slogan: where innovative digital assets gather.

Innovation, the future of blockchain.

The boom of DeFi in 2020 has shed light on the future direction of blockchain. If the significance of innovative projects lies in the vitality it injects into the blockchain, the exchange, the bridge linking projects and users, aims to keep users informed of new trends and increase their wealth. CoinEx feels obliged to safeguard every courage for exploration and innovation by virtue of its own influence.

In the future, CoinEx will comprehensively adjust its product functions, token-listing strategies, and project services based on its commitment to “focusing on innovative digital assets”.

In 2021, CoinEx will expand its efforts of exploring, analyzing and screening innovative projects across the world to enrich its list of cryptocurrencies. With specialized research departments, it will spot innovative projects through various channels. Projects need to be screened by the company’s project research institute and verified by its token-listing committee before they can be listed on CoinEx. Such a verification mechanism makes sure no good projects will be missed, and minimizes investment risks facing users.

For users, focusing on innovative digital assets is to seize the new trend and grasp emerging opportunities.

In addition, for promising innovative projects listed on CoinEx, the company will set up a professional project service team for in-depth cooperation with the project developer in dimensions of brand promotion and community expansion. Fully aware of the difficulties in entrepreneurship in this industry, CoinEx is glad to share resources with competent, ambitious project teams and grow with them.

For the partnership between CoinEx and project teams, focusing on innovative digital assets is to empower each other and achieve win-win results.

Our gratitude is beyond words

The past three years have been truly remarkable. As CoinEx is going to enter the fourth year this December, we once again put a pen to the paper to write you a letter, inviting you to review what we have achieved so far and aspire to do in the years to come. There is too much to share. But we want to begin with expressing our gratitude.

We owe a big thank-you to the users who have been with us along the way. There are too many distractions on the path we take. But your support keeps us sharp and empowers us to march forward with courage and determination. No matter where you are, whether you choose to stay or leave, it is the journey we shared that makes CoinEx what it is today.

We owe a big thank-you to the partners who fight with us side by side. The charm of the blockchain world lies in its uncertainties. We never know what the future has in store. Yet by working together, we will open up an even brighter future.

We owe a big thank-you to the CoinEx Ambassadors who grow with us. Thanks to your ingenuity and connections, numerous exciting videos, hundreds of intriguing articles, and other content were produced, and more than 500 communities created, bringing CoinEx to over 100 countries and regions. Because of you, CoinEx is one step close to becoming a world-class crypto exchange. None of these would be possible without you.

We owe a big thank-you to friends from the media. Your professional, fact-based reports have guided the industry in the right direction. CoinEx has benefited a lot from your objective coverage. With your supervision, we will grow stronger and healthier.

We owe a big thank-you to our competitors. We are both the trailblazers in the times of the unknown. You motivate us to continually improve and perfect our products in the pursuit of our goals and dreams.

We owe a big thank-you to the colleagues at CoinEx. You choose to brace yourselves for the storm with CoinEx, fearlessly and selflessly, in defiance of the overwhelming smear and slander. You did so because you believe in the value of blockchain and want to make a difference.

In the coming five, ten, even twenty years, CoinEx hopes that we can still say “hello and thank you” to all of you.

To mark our third anniversary, CoinEx is about to launch several celebration events. There will also be promotions and gifts for participants. Please stay tuned.

CoinEx

Where Innovative Digital Assets Gather

December 17, 2020

ABOUT CoinEx

As a global and professional cryptocurrency exchange service provider, CoinEx was founded in December 2017 with Bitmain-led investment. It is a subsidiary brand of the ViaBTC Group, which owns the fifth largest BTC mining pool, which is also the largest of BCH mining, in the world.

CoinEx supports perpetual contract, spot, margin trading, and other derivatives trading, and its service reaches global users in nearly 100 countries/regions with various languages available, such as Chinese, English, Korean and Russian.

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