Thursday, May 13, 2021

How to measure engagement?

I have a group video chat application where users can randomly pop into rooms to have a conversation. Imagine something like a video reddit

This is more of an architecture question than a code question. How do I measure usage? I want to track how long users spend in each room, which rooms are popular, get a history of every room that a user has visited to understand their user profile

The most naive thing that I can think of is to create a new table in the database called usage where I log every event such as user entering a room with timestamp, user leaving a room with timestamp that would look something like this for eg -

user room event timestamp
1 bitcoin join_room 1620632092
2 comedy join_room 1620632094
1 bitcoin leave_room 1620632292
3 politics join_room 1620632295
3 politics leave_room 1620632296
4 dogs join_room 1620632296
5 python join_room 1620632296
4 dogs leave_room 1620632296
5 python leave_room 1620632296

With this database architecture, I would have to run really complex SQL queries to understand how much time users spend in each room.

Is there a better way to do this?


How to measure engagement in a video chat application?

I have developed a website in Django where users can randomly pop into rooms to have a conversation. Imagine something like a video reddit

This is more of an architecture question than a code question. How do I measure usage? I want to track how long users spend in each room, which rooms are popular, get a history of every room that a user has visited to understand their user profile

The most naive thing that I can think of is to create a new table in the database called usage where I log every event such as user entering a room with timestamp, user leaving a room with timestamp that would look something like this for eg -

user room event timestamp
1 bitcoin join_room 1620632092
2 comedy join_room 1620632094
1 bitcoin leave_room 1620632292
3 politics join_room 1620632295
3 politics leave_room 1620632296
4 dogs join_room 1620632296
5 python join_room 1620632296
4 dogs leave_room 1620632296
5 python leave_room 1620632296

With this database architecture, I would have to run really complex SQL queries to understand how much time users spend in each room.

Is there a better way to do this?


About INT

https://preview.redd.it/uhx8ihsri0z61.png?width=318&format=png&auto=webp&s=6c50f8ba7b4f67c338e54a02ae8615808d13428f

INT is a company that provides applications related to the Blockchain. Its main goal is to “build a new ecosystem of the Internet of Things (IoT)”. It has a comprehensive smart ecological chain, DeFI, NFT, and IoT applications. INT is the world's first bottom up new-generation blockchain of things (BoT) communication standard and base application platform. It utilized advanced decentralized P2P protocol, which makes heterogeneous decentralized applications possible. It provides a complete development framework for developers. It is fast, highly scalable and secure. It can compete and interact with the top blockchain platforms due to a lot of innovations. Additionally, it can adapt to the latest technology and upgrade its systems at the same time.

History of INT

Since the beginning of 2017, INT Chain has continuously upgraded its mainnet, from version 1.0 to 4.0. It started in 2017 and made a lot of iterations. Finally, this summer, INT presents a fully fledged application platform and it has then been branded as the “Leading blockchain in China”. With its recent upgrade, it can now easily adapt to the latest technology providing high standard applications.

IoT

Based on experts’ opinions, China will be able to surpass the United States for having the biggest Internet of Things in the world. This may happen at any time on or before 2024. China has been spending on technology, which drives this growth. The country continuously invests in IoT and in fact, about $300 billion dollars will be spent by 2024. With this, the annual growth rate of China will be 13% in the next five years.

IoT space is the ultimate goal. IoT and blockchain go hand in hand and INT can have a share of this growth.

China

China’s stance against crypto has changed. Just recently, the deputy governor of the Central Bank of China, Li Bo, disclosed that cryptocurrencies like Bitcoin should be utilized as investment instruments or investment alternatives. This is the first time ever China acknowledged Bitcoin as something of value. The deputy governor also added that while Bitcoin is not a real currency, it can pretty much be an alternative investment product.

With this, it’s legal to hold digital currencies. INT has some strong connections to the government and the company believes that this connection can benefit not just our business but our clients as well. One of the company’s partners is Chinese Academy of Sciences and BSN. Blockchain is part of the one belt one road initiative and as long as we keep track of the government’s activities relating to the Blockchain, we’ll be updated.

Our Team

Our team has rich experience in IoT and most of the people we have come from large companies like Huawei. The team consists of 20 engineers and business developers. It has Liu Zhicong, the former Chief Engineer of Thunder Chain--a real p2p legend in China. We also have Chen Guanghui, who is a veteran from Huawei and he leads the DApp development. Some of the brightest people have worked on INT Chain.

What's coming up?

The new mainnet is currently under heavy testing by the team and community. The results are very promising and the release of this new version is in the near future. By August or earlier, we will launch this new mainnet. Additionally, there is a new Whitepaper release this month, and a lot of upcoming competitions/hackathons and similar activities to start building. We have a technical roadmap that shows the upcoming events.

This year we will see a couple DeFI applications, such DEX for the ecosystem of INT and beyond (decentralized exchange), NFT (Non fungible tokens exchange, stable coins, lending service, insurance application and many more. Also, interoperability with the top blockchains like BSC, Polka, ETH, HUOBI and more are on the way.

#intchain #blockchain #internetnodetoken #int #io #cryptocurrency #cryptocurrencies #cryptotrading #crypto #cryptonews #CRYPTOWORLDWIDE #cryptoworld


My "Intro to Doge" Story

I just came from a Twitter Spaces event where @MyDogeAccount was speaking and they got to talking about famous "intro to Doge" stories, so I thought I'd come on here and share mine.

I've been following crypto since Bitcoin's very first run, but didn't understand it well, nor was I interested in investing.

But that changed a few months ago. I put 2k that I was willing to lose (but desperate to 100x) into Kraken and immediately started losing it on bad trades and tx fees. No clue what I was doing.

But one night I was watching the charts and I noticed an odd spike from Doge. It jumped so fast in 30 mins that I was positive it would hit $0.01 that night!

I sold everything and went all in on Doge with haste. I remember my first purchase I had just over 97k Doge. As I watched my investment 2x over another hour after we crushed a penny, I panic sold. I was comfortably over my initial 2k investment again! 2.3k or something. So happy.

But Doge wasn't stopping. I FOMO'd in again and had something like 60k Doge. It was massive euphoria. I busted open every Twitter acc I ever made and started spamming the hashtags and tagging Elon etc. It felt dirty - I was basically just spamming something I knew nothing about to pump my bag. But it was really fun!

That night I caught a glimpse of the Doge community, but didn't see it for what it was. I also caught a glimpse of over $8k in my account at one point, but then I panic sold the dip and ended with about $3k. Still awesome.

But then all the fud hit me. I had heard about Doge through memes, and at the time "memecoin" didn't exactly scream "possible 100x investment". I had no clue there was an actual community behind Doge - I just thought it was some garbage coin that people bought for a joke.

So I took that $3k off Kraken after much research, put it into Metamask, bought 10 different altcoins and lost over $1k in gas fees because I just thought that was normal lol. But I did okay. Learned a lot. Made some gains to recoup gas.

And then I found Hoge while researching on coingecko. I found the community on TG and was instantly hooked. It was the deflationary aspect that got me. I bought $350 worth and it is currently 4x. I thought inflation was a dead end in crypto (little did I know eth is inflationary) and so I never took Doge seriously.

But then @MyDogeAccount was talking about how Doge is inflationary because that's how currencies work best - we want people to be able to USE Doge, not just hold it as a store of value. And then he spoke about Hoge as the counterpart to Doge, meaning Hoge is the store of value to Doge's currency.

I really liked that idea, and so I am now going to join the Doge community and look forward to one day using Doge to make real transactions. I'll never forget that I had nearly 100k Doge at one point though lol.


What is INT Chain

About INT

INT is a company that provides applications related to the Blockchain. Its main goal is to “build a new ecosystem of the Internet of Things (IoT)”. It has a comprehensive smart ecological chain, DeFI, NFT, and IoT applications. INT is the world's first bottom up new-generation blockchain of things (BoT) communication standard and base application platform. It utilized advanced decentralized P2P protocol, which makes heterogeneous decentralized applications possible. It provides a complete development framework for developers. It is fast, highly scalable and secure. It can compete and interact with the top blockchain platforms due to a lot of innovations. Additionally, it can adapt to the latest technology and upgrade its systems at the same time.

History of INT

Since the beginning of 2017, INT Chain has continuously upgraded its mainnet, from version 1.0 to 4.0. It started in 2017 and made a lot of iterations. Finally, this summer, INT presents a fully fledged application platform and it has then been branded as the “Leading blockchain in China”. With its recent upgrade, it can now easily adapt to the latest technology providing high standard applications.

IoT

Based on experts’ opinions, China will be able to surpass the United States for having the biggest Internet of Things in the world. This may happen at any time on or before 2024. China has been spending on technology, which drives this growth. The country continuously invests in IoT and in fact, about $300 billion dollars will be spent by 2024. With this, the annual growth rate of China will be 13% in the next five years.

IoT space is the ultimate goal. IoT and blockchain go hand in hand and INT can have a share of this growth.

China

China’s stance against crypto has changed. Just recently, the deputy governor of the Central Bank of China, Li Bo, disclosed that cryptocurrencies like Bitcoin should be utilized as investment instruments or investment alternatives. This is the first time ever China acknowledged Bitcoin as something of value. The deputy governor also added that while Bitcoin is not a real currency, it can pretty much be an alternative investment product.

With this, it’s legal to hold digital currencies. INT has some strong connections to the government and the company believes that this connection can benefit not just our business but our clients as well. One of the company’s partners is Chinese Academy of Sciences and BSN. Blockchain is part of the one belt one road initiative and as long as we keep track of the government’s activities relating to the Blockchain, we’ll be updated.

Our Team

Our team has rich experience in IoT and most of the people we have come from large companies like Huawei. The team consists of 20 engineers and business developers. It has Liu Zhicong, the former Chief Engineer of Thunder Chain--a real p2p legend in China. We also have Chen Guanghui, who is a veteran from Huawei and he leads the DApp development. Some of the brightest people have worked on INT Chain.

What's coming up?

The new mainnet is currently under heavy testing by the team and community. The results are very promising and the release of this new version is in the near future. By August or earlier, we will launch this new mainnet. Additionally, there is a new Whitepaper release this month, and a lot of upcoming competitions/hackathons and similar activities to start building. We have a technical roadmap that shows the upcoming events.

This year we will see a couple DeFI applications, such DEX for the ecosystem of INT and beyond (decentralized exchange), NFT (Non fungible tokens exchange, stable coins, lending service, insurance application and many more. Also, interoperability with the top blockchains like BSC, Polka, ETH, HUOBI and more are on the way.


Beyond Protocol is the new Cardano ! Ape in now ! x1000 potential 🚀🚀🚀🚀🚀🚀

Hey folks,

I am a member of the Beyond Protocol Street Team. It's a stealth project started by leaders in Silicon Valley and at Stanford University. Please let me know if I can be helpful in any way. Info below. They're hiring.

Overview

Beyond Protocol was started by Silicon Valley-based technologists in January 2018 to harness the explosive power of merging distributed ledger technology and IoT. Beyond Protocol eliminates hacks and facilitates machine-to-machine value transfer.

With security as a given, Beyond Protocol allows us to feel comfortable opening up our devices for collaboration. Using them like threads of yard, the dreamers among us can weave together inventions we would have not thought to conceive.

From the smart phone -- a camera, a touch screen, GPS, an internet connection -- applications were built which revolutionized entire industries (e.g. Uber and Instagram). From Beyond Protocol, mega applications can be engineered on top of any combination of IoT devices: from smart pills to satellites. Imagine a Nest smoke alarm paying a drone to put out a fire, and the drone making micropayments to weather towers along the way to determine the best route. Beyond Protocol sets out to be the ethical language of machines.

After over a year of R&D, in early 2019, the Beyond Protocol team put forth the first iterations of its novel technology to a handful of partners. The technology allows its partners, with one line of code, to i. enable secure message brokering between devices through hardware signatures ii. equip devices with a cryptocurrency-based payment gateway. At present, there are no out-of-box solutions for either capability.

Beyond seeks to build real, practical solutions for device security and payments from consumers to devices, and soon, among an economy of devices. Beyond envisions a future where good triumphs over evil and technology can work to create an exponentially more safe and more beautiful world.

Project Resources

Technical Resources

Buy on pancakeswap : https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xd33e1d98122c69c431cd2b22db438520c7867dc8

FAQ

Q: Do you plan to ICO/IEO?

A: To fund our project, and to seed our cryptocurrency, Beyond will sell its tokens from time to time ahead of a public listing. To date, Beyond has sold 4.96% of its token supply to project backers and allocated 6.07% to advisers. Beyond last sold its tokens in a private sale with a market capitalization of $100,000,000.00.

Q: When do you plan to launch?

A: Beyond is mostly in stealth. We plan to unveil key partnerships in Q3 2021 ahead of a token generation event (TGE).

Q: Who are your key advisors?

A: Some of our advisors include:

  • Anoop Nanna (Global Blockchain Practice Leader at Amazon; Formerly: Global Head of Blockchain, Cisco) 
  • Stephen DiFranco (Former SVP/GM IoT, Broadcom)
  • Brian Forde (Sr. White House Advisor to Obama; Co-Founder Digital Media Initiative, MIT Media Lab)
  • Greg Silverman (Co-Founder/CEO of Stampede Ventures; Formerly: President, Warner Bros)
  • Brian Weinstein (President/COO, Bad Robot)
  • Peter Boni (Managing Principal, Kedgeway)

Q: How does Beyond compare to other blockchain-based IoT projects?

A: At launch, the core team and its advisers were deeply concerned about the integrity of existing solutions in the marketplace, which scores of its professional and academic associates deemed as being technologically nonviable (See: MIT Media Lab: "Our response to 'A Cryptocurrency Without a Blockchain Has Been Built to Outperform Bitcoin')."


MetaWhale Bitcoin (mwBTC) – Exposing Bitcoin’s Uncomfortable Truth

By Jinia

https://learningcryptos.com/metawhale-bitcoin-mwbtc-exposing-bitcoins-uncomfortable-truth/

Bitcoin has a dirty little secret, and MetaWhale BTC is here to capitalize on that flaw.

In January, DeFi Labs set a new standard in the cryptocurrency space when they released MetaWhale Gold, the Gold Standard for Crypto. Now DeFi Labs has created a protocol to take on something even bigger. Like big-game fishing!

That’s right. MetaWhale is going after Bitcoin.

In this iteration, the principle is the same as the previous MetaWhale. Unlike MetaWhale Gold, MetaWhale BTC’s reserve asset is Bitcoin. But MetaWhale BTC is doing much more than just locking up the bitcoin supply… it’s also destroying it.

Burn it all up

Let’s find out about MetaWhale BTC and how it makes bitcoin more valuable.

What Is MetaWhale Bitcoin?

MetaWhale BTC

MetaWhale Bitcoin is DeFi Lab’s successor to PRIA and MetaWhale Gold. MetaWhale BTC aims to prove that it can take on Bitcoin and even improve it.

The core principles remain the same.

It’s driven by the same hyperinflation – hyper-deflation concept. The successive burning and minting of the coin insulates MetaWhale BTC against inflation and deflation in the long term. 

MetaWhale BTC supporters are rewarded in the same way as MetaWhale Gold supporters. The only difference is Bitcoin securely backs MetaWhale BTC (mwBTC).

Oh, before we forget—mwBTC also burns half of its Bitcoin reserves to reduce the total Bitcoin supply. More on that later.

Who Is Behind MetaWhale Bitcoin?

DeFi Labs

You remember Dr Mantis, right? He and his team from DeFi Labs created PRIA and MetaWhale Gold. Together with BitByTheByte, the two have created a new paradigm in elastic-supply tokenomics.

How Does MetaWhale Bitcoin Work?

If you’ve already read through our MetaWhale Gold article, this is going to be a breeze for you. Again, it applies the same mechanics, but with different financial standards backing the token.

Tokenomics

MetaWhale BTC Tokenomics

To help you understand tokenomics, let’s look at a scenario where there is an initial supply of 1 million mwBTC to be burned to 1 mwBTC. There was also a one-time mwBTC airdrop, which brought the total initial supply to around 1.5 million.

Just like with MWG, every MetaWhale BTC buy sends 1.25% of the total transaction value to the MetaWhale BTC reserves, burning the other 1.25%. 

Selling burns 2.50% of the total transaction value and sends 3.75% of it to the MetaWhale BTC reserves.

Through the reserves, the protocol buys renBTC to establish a digital-asset backing for MetaWhale, giving it sustainability and stability. (RenVM is an open protocol that allows liquidity between blockchains, focusing mainly on bringing currencies such as BCH, ZEC, and BTC to Ethereum. MetaWhale BTC is a DeFi project that works specifically with ETH, hence the need for renBTC.)

Wallet transfers also add to the burns, with the sender burning 1.25% of the total transaction and the receiver sending 1.25% straight to the MWBTC reserves. 

Transfers between wallets can only occur if the receiver of the MWBTC is also active and already has MWBTC in their wallet. 

As in MetaWhale Gold, forced sells and inactivity burns exist to make sure no one hoards the asset, and to keep the wheels moving.

If at least 6% of the total address balance does not move within 35 days, participants in the system can make a forced sell on that wallet. This mechanism sends 1% of the token to the sell or burn caller, and sends the other 5% of the token to the holder’s wallet in the form of wETH (the token that represents Ether in accordance with the ERC20 token standard.)

At 4 months or 122 inactive days, if the wallet holder has not made any sells, other participants can initiate an inactivity burn, which sends 50% of the inactive wallet to a burn address and gives the other 50% to the caller of the function as a reward.

Different Side, Same Coin

This new and ambitious DeFi project takes its cue from both PRIA and MetaWhale Gold. 

PRIA remains the basis of most of its internal mechanics and overall tokenomics. MetaWhale Gold is the project that proves this system is functional and defies how currencies work today. 

MetaWhale BTC has accomplished two impressive things so far. It has managed to avoid tying itself to tangible fiat currency, and it is proving to be something bigger than a vague concept.

The self-renewable aspect of MetaWhale is one of the most exciting things about it. It corrects the imbalance of purely inflationary or deflationary systems, while also managing to generously reward its participants at the end of a given cycle.

Why Does MetaWhale BTC Burn Bitcoin?

MetaWhale BTC is deflationary. So, for every transaction, some of the mwBTC supply is burned, and some of it is used to buy BTC. One portion of the Bitcoin is stored in a reserve for holders who can claim their share once the mwBTC supply reaches 1. The other portion of Bitcoin is burned.

This is primarily done to accelerate the implosion of BTC. While mwBTC’s value is based on its reserves of tokenized Bitcoin, the protocol actively burns BTC to hasten its implosion.

So what are the benefits of burning Bitcoin? Those who hold Bitcoin might want it to appreciate more quickly, while others might want to make it implode faster. 

It’s all part of a growing conversation around protocols that can manage inflation and deflation without imploding and protocols that prevent supply monopolization. With traditional deflationary tokens, anyone who buys in after the implosion stage can only lose money as the system collapses. However, with MetaWhale BTC, deflation occurs while the protocol fills its own reserve.

But How Does The Reserve Work?

https://preview.redd.it/7k96gbiopzy61.png?width=800&format=png&auto=webp&s=e0d2c09a77df8b7173232fc1da8abf8f09981add

There are two reserves at play here, one temporary and the other permanent. 

The temporary reserve is guided by the community, as anyone who makes a call can manage it once it gets filled to a certain extent. These are the options available with the temporary reserve:

MetaWhale BTC Reserve Actions:

  1. If the temporary reserve holds 0.35% of the total mwBTC supply, a swap of 85% of the temporary mwBTC reserve balance is made to wETH.           
  2. A reward amount is registered as 1% of the mwBTC temporary reserve before the swap (1% of 0.35%) and that amount is minted to the caller’s address as a reward. All manager functions in the next steps will use this incentive value (the 1% of 0.35%) as a reference. If the temporary reserve does not hold 0.35% of the minimum threshold, calling the function will have no impact.
  3. The remaining 15% of the temporary mwBTC reserve balance is added to the DEX liquidity pool (50% converted to wETH, 50% MWBTC). Again, the unique caller is rewarded with another minted incentive as computed on point 1.
  4. 47.5% of the wETH present on the temporary reserve is swapped for renBTC and sent to the MetaWhale BTC reserve, which is also the MetaWhale BTC contract. Afterwards, another 47.5% of wETH is swapped for renBTC and sent to a BTC burn address. Again, a reward is paid to the unique caller with a minted incentive triple the computed size on point 1.
  5. The remaining 5% of wETH is swapped for PRIA and sent to the MetaWhale BTC contract. Again, the unique caller is rewarded with another minted incentive as computed on point 1.
  6. If the PRIA reserve in the MetaWhale contract is greater than 1% of the total supply of PRIA, 20% of the PRIA reserve is sent to the PRIA airdrop address. If the amount of PRIA in the MetaWhale contract is less than 1% of the total supply of PRIA, the reserve manager resets and goes back to point 1, and it does not send funds to the airdrop address nor perform actions of points 6 to 8. The unique caller is rewarded with a minted incentive as computed on point 1 if the PRIA reserve is greater than 1% of the total supply. If the PRIA reserve is less than 1% of the total supply of PRIA, that reward is halved.
  7. 70% of the PRIA reserve is sent to PRIA SIE NFT holders. Again, the unique caller is rewarded with a minted incentive as computed on point 1.
  8. 5% of the PRIA reserve is sent to the marketing NFT holders. Again, the unique caller is rewarded with a minted incentive as computed on point 1.
  9. 5% of the PRIA reserve is sent to the Defi Labs NFT holders. Again, the unique caller is rewarded with a minted incentive as computed on point 1. At this point, the reserve actions revert back to checkpoint 1.

These nine actions drive the temporary reserve to be manipulated to the caller’s desire, ultimately giving them the power to decide on how the reserve is to be distributed to everyone involved.

There is a system in place that removes reward monopolization. The system checks the caller’s history to verify they have not done this same action the last 20 times the action was called.

Pros of MetaWhale BTC

  • The most obvious pro is that MetaWhale Bitcoin is directly challenging Bitcoin when Bitcoin is most shaky.
  • Bitcoin needs a reset. It’s common knowledge in crypto circles, and while experts aren’t shouting it from the rooftops, the crypto community knows it’s time, and that it has been time for a while.
  • People are rooting for MetaWhale BTC’s code to work. If it works, everyone goes home happy. However, people also accept that it will take loads of patience and time to make the best out of this new system.
  • There is a lot of thought and effort that’s gone into making MetaWhale BTC safe, secure and foolproof; and it is stable. Does that differ from other tokens and coins? You bet. It is backed by plenty of locked liquidity.

Cons?

Even great projects have cons. The standout con here is IF, and only if, you forget your wallet. If you forget your wallet, and there is a forced sell or inactivity burn, you will lose.  So be sure to login and reset your counters within every 35 days.

Wallet Dashboard

Reset your counters here.

How and Where Can I Join the Community?

You can reach out through the MetaWhale website. Alternatively, they have a buzzing social media presence. Twitter is a great place to trade thoughts and get some answers from the community. For the ones that appreciate a little more security and anonymity, you’re welcome to reach out on Telegram – [Official]

Recent News or Events

There’s excitement in the air about burning MWG to 1. There is also a similar buzz with mwBTC. 

The buzz around mwBTC stems from the fact that it is a cheaper option. As more people recognize that it is vastly undervalued, the mwBTC supply will come nearer to the end of its cycle.

As volume increases, PRIA and PRIA NFT holders will receive an increasingly generous portion of the reserve. Of course, the rewards will be equal to the type of NFT held at that time. 

Then there is the bonus of NFT airdrops for both MWG and mwBTC, which are currently in the making. These NFTs will contain augmented reality art, static digital art, and fully redeemable physical representations. They also contain coefficients and geographic coordinates, features that might be used in the future to generate yield or make them applicable in gaming applications.

It looks like good times are near.

Our Take

https://preview.redd.it/2rmy5e5xpzy61.png?width=200&format=png&auto=webp&s=6a01299533c934ca67a0a56dddafd0f245ad8402

We’re holding our collective breath for MetaWhale Bitcoin to replicate MetaWhale Gold’s success and rally so we can start marching into profits. But, we’re still keeping our eye on the bigger picture. 

The MetaWhale project is trying to correct the hyperinflation and hyper-deflation handicap of many currencies. 

Those who already took up MetaWhale Gold are about to win big. Still, people are excited about MetaWhale Bitcoin as a cheaper option. And, they see it as more accessible. 

PRIA remains an excellent prospect due to how MetaWhale works. The rewards system baked into DeFi Labs’ NFTs continue to keep PRIA holders excited. 

There is much hope for the success of MetaWhale. We are holding on to see how it will shape the crypto ecosystem and DeFi on a larger scale. We’d also like to see it improve cryptocurrency’s sustainability.

FAQs

How sure are we that there’s no rug pull?

At the time of writing, there’s approx. $250k of locked liquidity that has been backing this project since the start, and it would be crazy dumb to try and trick people with that much money serving as the capital.

What will happen at 1 mwBTC?

Any participant can opt to click on “finish” at the MetaWhale Bitcoin dashboard so everyone holding mwBTC can redeem their percentage of shares from the reserve. After 35 days, there is a “Big Reset” that allows mwBTC to be minted again and for the cycle to start over.

What reserve asset does MetaWhale Bitcoin use?

It makes use of renBTC. renBTC is a coin capable of inter-blockchain liquidity. This is how Bitcoin is currently being utilized under the Ethereum-based DeFi system.

Is Bitcoin really being burned by mwBTC?

Hey, don’t take our word for it. See it for yourself.

Why do I keep getting Uniswap errors when I buy or sell mwBTC?

Always buy and sell in whole numbers. Alternatively, increase your slippage from default to at least 8%. The problem might be decimals aren’t pushing through.

But wouldn’t high slippage be a problem?

Well, no. See, the buy and sell tax isn’t profitable for front-running bots to sell quickly. Only quick sells would make high slippage a problem.

Do I need to have PRIA to get some mwBTC?

Nope, those are different projects by the same community and same developers. You can actually have both.

When can I start claiming my share of the reserves?

This can only be done when the mwBTC reaches the minimum supply of 1 and someone calls to finish transactions. From there, everyone has 35 days to take their cut from the permanent reserve and be rewarded accordingly.

Do I need to keep moving around the mwBTC I have?

Well technically, you don’t need to do it every day, but just make sure to check on the inactivity counter and not let it reach zero. You can access your wallet and see the status of your inactivity here.

If the final supply of mwBTC is 1, how can I get a share? And also, wouldn’t that share be small?

The indicative “1” would be divided into percentages with everyone holding mwBTC at the time it reaches the point of the final supply. Since the reserve is quite large, a percentage of that one can instantly…well… you do the math.

Where’s the smart contract for this?

Here you go.

I can’t transfer MetaWhale between accounts. How can this be fixed?

MetaWhale can only be transferred to an account that has previously bought it (no matter how small the amount is). Once the wallet registers that it has previously bought MetaWhale, then the transfer will proceed.


Beyond Protocol is the new Cardano ! Ape in now ! x1000 potential 🚀🚀🚀🚀🚀

Hey folks,

I am a member of the Beyond Protocol Street Team. It's a stealth project started by leaders in Silicon Valley and at Stanford University. Please let me know if I can be helpful in any way. Info below. They're hiring.

Overview

Beyond Protocol was started by Silicon Valley-based technologists in January 2018 to harness the explosive power of merging distributed ledger technology and IoT. Beyond Protocol eliminates hacks and facilitates machine-to-machine value transfer.

With security as a given, Beyond Protocol allows us to feel comfortable opening up our devices for collaboration. Using them like threads of yard, the dreamers among us can weave together inventions we would have not thought to conceive.

From the smart phone -- a camera, a touch screen, GPS, an internet connection -- applications were built which revolutionized entire industries (e.g. Uber and Instagram). From Beyond Protocol, mega applications can be engineered on top of any combination of IoT devices: from smart pills to satellites. Imagine a Nest smoke alarm paying a drone to put out a fire, and the drone making micropayments to weather towers along the way to determine the best route. Beyond Protocol sets out to be the ethical language of machines.

After over a year of R&D, in early 2019, the Beyond Protocol team put forth the first iterations of its novel technology to a handful of partners. The technology allows its partners, with one line of code, to i. enable secure message brokering between devices through hardware signatures ii. equip devices with a cryptocurrency-based payment gateway. At present, there are no out-of-box solutions for either capability.

Beyond seeks to build real, practical solutions for device security and payments from consumers to devices, and soon, among an economy of devices. Beyond envisions a future where good triumphs over evil and technology can work to create an exponentially more safe and more beautiful world.

Project Resources

Technical Resources

Buy on pancakeswap : https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xd33e1d98122c69c431cd2b22db438520c7867dc8

FAQ

Q: Do you plan to ICO/IEO?

A: To fund our project, and to seed our cryptocurrency, Beyond will sell its tokens from time to time ahead of a public listing. To date, Beyond has sold 4.96% of its token supply to project backers and allocated 6.07% to advisers. Beyond last sold its tokens in a private sale with a market capitalization of $100,000,000.00.

Q: When do you plan to launch?

A: Beyond is mostly in stealth. We plan to unveil key partnerships in Q3 2021 ahead of a token generation event (TGE).

Q: Who are your key advisors?

A: Some of our advisors include:

  • Anoop Nanna (Global Blockchain Practice Leader at Amazon; Formerly: Global Head of Blockchain, Cisco) 
  • Stephen DiFranco (Former SVP/GM IoT, Broadcom)
  • Brian Forde (Sr. White House Advisor to Obama; Co-Founder Digital Media Initiative, MIT Media Lab)
  • Greg Silverman (Co-Founder/CEO of Stampede Ventures; Formerly: President, Warner Bros)
  • Brian Weinstein (President/COO, Bad Robot)
  • Peter Boni (Managing Principal, Kedgeway)

Q: How does Beyond compare to other blockchain-based IoT projects?

A: At launch, the core team and its advisers were deeply concerned about the integrity of existing solutions in the marketplace, which scores of its professional and academic associates deemed as being technologically nonviable (See: MIT Media Lab: "Our response to 'A Cryptocurrency Without a Blockchain Has Been Built to Outperform Bitcoin')."


Fate loves irony is a phrase that describes events in our lives when the opposite of what we expect happens. A famous example is a bitcoin burns down and doge to the moon!!... Fate loves irony.”

No text found

Beyond Protocol is the new Cardano ! Ape in now ! x1000 potential 🚀🚀🚀🚀🚀🚀

Hey folks,

I am a member of the Beyond Protocol Street Team. It's a stealth project started by leaders in Silicon Valley and at Stanford University. Please let me know if I can be helpful in any way. Info below. They're hiring.

Overview

Beyond Protocol was started by Silicon Valley-based technologists in January 2018 to harness the explosive power of merging distributed ledger technology and IoT. Beyond Protocol eliminates hacks and facilitates machine-to-machine value transfer.

With security as a given, Beyond Protocol allows us to feel comfortable opening up our devices for collaboration. Using them like threads of yard, the dreamers among us can weave together inventions we would have not thought to conceive.

From the smart phone -- a camera, a touch screen, GPS, an internet connection -- applications were built which revolutionized entire industries (e.g. Uber and Instagram). From Beyond Protocol, mega applications can be engineered on top of any combination of IoT devices: from smart pills to satellites. Imagine a Nest smoke alarm paying a drone to put out a fire, and the drone making micropayments to weather towers along the way to determine the best route. Beyond Protocol sets out to be the ethical language of machines.

After over a year of R&D, in early 2019, the Beyond Protocol team put forth the first iterations of its novel technology to a handful of partners. The technology allows its partners, with one line of code, to i. enable secure message brokering between devices through hardware signatures ii. equip devices with a cryptocurrency-based payment gateway. At present, there are no out-of-box solutions for either capability.

Beyond seeks to build real, practical solutions for device security and payments from consumers to devices, and soon, among an economy of devices. Beyond envisions a future where good triumphs over evil and technology can work to create an exponentially more safe and more beautiful world.

Project Resources

Technical Resources

Buy on pancakeswap : https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xd33e1d98122c69c431cd2b22db438520c7867dc8

FAQ

Q: Do you plan to ICO/IEO?

A: To fund our project, and to seed our cryptocurrency, Beyond will sell its tokens from time to time ahead of a public listing. To date, Beyond has sold 4.96% of its token supply to project backers and allocated 6.07% to advisers. Beyond last sold its tokens in a private sale with a market capitalization of $100,000,000.00.

Q: When do you plan to launch?

A: Beyond is mostly in stealth. We plan to unveil key partnerships in Q3 2021 ahead of a token generation event (TGE).

Q: Who are your key advisors?

A: Some of our advisors include:

  • Anoop Nanna (Global Blockchain Practice Leader at Amazon; Formerly: Global Head of Blockchain, Cisco) 
  • Stephen DiFranco (Former SVP/GM IoT, Broadcom)
  • Brian Forde (Sr. White House Advisor to Obama; Co-Founder Digital Media Initiative, MIT Media Lab)
  • Greg Silverman (Co-Founder/CEO of Stampede Ventures; Formerly: President, Warner Bros)
  • Brian Weinstein (President/COO, Bad Robot)
  • Peter Boni (Managing Principal, Kedgeway)

Q: How does Beyond compare to other blockchain-based IoT projects?

A: At launch, the core team and its advisers were deeply concerned about the integrity of existing solutions in the marketplace, which scores of its professional and academic associates deemed as being technologically nonviable (See: MIT Media Lab: "Our response to 'A Cryptocurrency Without a Blockchain Has Been Built to Outperform Bitcoin')."


Subtipper has just tipped the top posts for this community! [22:31 GMT May 13, 2021]

Thanks to all posters for providing great content, and enjoy your Bitcoin Cash!

This event was triggered by block 687854, which was mined more than 3 days since the last event and has the last three hex digits of its hash (joined as a number) strictly smaller than 7.

The top posts for the last week have been tipped 1000 sats per vote via chaintip:


If Ethereum flips BTC, does it mean BTC will be an altcoin/shitcoin? by u/Egon_1

[tip] - 601000 sats = 0.00601000 BCH = ~7.24 USD


Might be based on a true story idk ¯_(ツ)_/¯ by u/CyberPunk-Agorist

[tip] - 562000 sats = 0.00562000 BCH = ~6.77 USD


We have to be honest: Ethereum is on its way to flip BTC by u/Egon_1

[tip] - 505000 sats = 0.00505000 BCH = ~6.08 USD


Made this to piss off my mates, thought it was worth sharing here by u/Justoverherechillin

[tip] - 378000 sats = 0.00378000 BCH = ~4.55 USD


Forbes: "The biggest gainer among the world's 10 largest cryptocurrencies is Bitcoin Cash – up a staggering 41% over the past week." by u/Egon_1

[tip] - 360000 sats = 0.00360000 BCH = ~4.34 USD


California Cannabis Chain Starts Accepting Cryptocurrencies: "They really like the Bitcoin Cash network due to its low fees, allowing customers to purchase products like a $4 preroll without worrying about paying more than the product’s price on fees." by u/scotty321

[tip] - 336000 sats = 0.00336000 BCH = ~4.05 USD


Bitcoin Cash has everything... 🤷‍♂️ by u/Egon_1

[tip] - 270000 sats = 0.00270000 BCH = ~3.25 USD


DOGE now has +2.5$ transaction fees so their tipping culture is completely gone and only used for hodling & speculation. DOGE devs: "However, now is not a good time to [increase the blocksize]. " by u/Mr-Zwets

[tip] - 253000 sats = 0.00253000 BCH = ~3.05 USD


Why BTC is not Bitcoin: by u/MemoryDealers

[tip] - 249000 sats = 0.00249000 BCH = ~3.00 USD


Roger Ver: "Bitcoin was supposed to be money from day one, and I'm working on getting it ruled to be official money of a particular country".... "It will really help get rid of a lot of the capital gains requirements for Bitcoin Cash specifically" by u/Phucknhell

[tip] - 233000 sats = 0.00233000 BCH = ~2.81 USD


Community Request: Please comment (briefly) if you have been banned from r/bitcoin. Thanks! by u/Egon_1

[tip] - 177000 sats = 0.00177000 BCH = ~2.13 USD


Tips not claimed within 7 days will be returned to the Subtipper fund and tipped out to future posts.

 

To support this bot, help spread Bitcoin Cash, and encourage great content in the r/btc community, you can fund the bot:

  • privately: by sending Bitcoin Cash to this address.
  • publicly: by using chaintip on this post to tip the bot.

To the Moon: A History of Bitcoin Price Manipulation

Written by Timothy Peterson, all credit to him. Just trying to encourage further reading.

Available at SSRN

Journal of Forensic and Investigative Accounting, Forthcoming

26 Pages Posted: 14 Sep 2020 Last revised: 2 Apr 2021

Cane Island Alternative Advisors

Date Written: June 30, 2020

Abstract

Bitcoin’s price volatility is often attributed to speculative mania. Unmolested prices have been shown to exhibit an expected, natural distribution characterized by Benford’s law. Deviations from this distribution indicate an anomaly, and typically that anomaly is caused by some type of fraud. For bitcoin, the entire period of daily closing prices from July 2010 through May 2020 was analyzed. Analyses for calendar years 2011-2019 was also conducted. We can say with near 100% confidence that bitcoin’s price has been fraudulently manipulated at some point in its lifespan since 2010. We can say with 95% confidence that bitcoin was manipulated in 2013; 95% confidence that bitcoin was manipulated in 2018; and 98% confidence that bitcoin was manipulated in 2019.

This article also documents a narrative history of the events preceding and surrounding each suspected manipulation. The aim is to raise the level of awareness such that future illicit behavior in the bitcoin marketplace is more easily identified and mitigated, either through market forces or regulatory oversight.

This is the first application of Benford’s law to bitcoin, and serves as empirical proof that speculative mania is a poor explanation for bitcoin’s volatility. Substantial mitigation of bitcoin price manipulation, and hence volatility, could increase bitcoin’s value by about 40%. Lastly, these findings imply that both technical and fundamental approaches to value bitcoin over the suspect periods are likely meaningless because bitcoin’s price did not reflect equally motivated buyers and sellers.

Keywords: Bitcoin, Cryptocurrency, Valuation, Benford’s Law, Fraud, Manipulation, Economics, Volatility, Forensic Accounting


Beyond Protocol is the new Cardano ! Ape in now ! x1000 potential 🚀🚀🚀🚀🚀🚀

Hey folks,

I am a member of the Beyond Protocol Street Team. It's a stealth project started by leaders in Silicon Valley and at Stanford University. Please let me know if I can be helpful in any way. Info below. They're hiring.

Overview

Beyond Protocol was started by Silicon Valley-based technologists in January 2018 to harness the explosive power of merging distributed ledger technology and IoT. Beyond Protocol eliminates hacks and facilitates machine-to-machine value transfer.

With security as a given, Beyond Protocol allows us to feel comfortable opening up our devices for collaboration. Using them like threads of yard, the dreamers among us can weave together inventions we would have not thought to conceive.

From the smart phone -- a camera, a touch screen, GPS, an internet connection -- applications were built which revolutionized entire industries (e.g. Uber and Instagram). From Beyond Protocol, mega applications can be engineered on top of any combination of IoT devices: from smart pills to satellites. Imagine a Nest smoke alarm paying a drone to put out a fire, and the drone making micropayments to weather towers along the way to determine the best route. Beyond Protocol sets out to be the ethical language of machines.

After over a year of R&D, in early 2019, the Beyond Protocol team put forth the first iterations of its novel technology to a handful of partners. The technology allows its partners, with one line of code, to i. enable secure message brokering between devices through hardware signatures ii. equip devices with a cryptocurrency-based payment gateway. At present, there are no out-of-box solutions for either capability.

Beyond seeks to build real, practical solutions for device security and payments from consumers to devices, and soon, among an economy of devices. Beyond envisions a future where good triumphs over evil and technology can work to create an exponentially more safe and more beautiful world.

Project Resources

Technical Resources

Buy on pancakeswap : https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xd33e1d98122c69c431cd2b22db438520c7867dc8

FAQ

Q: Do you plan to ICO/IEO?

A: To fund our project, and to seed our cryptocurrency, Beyond will sell its tokens from time to time ahead of a public listing. To date, Beyond has sold 4.96% of its token supply to project backers and allocated 6.07% to advisers. Beyond last sold its tokens in a private sale with a market capitalization of $100,000,000.00.

Q: When do you plan to launch?

A: Beyond is mostly in stealth. We plan to unveil key partnerships in Q3 2021 ahead of a token generation event (TGE).

Q: Who are your key advisors?

A: Some of our advisors include:

  • Anoop Nanna (Global Blockchain Practice Leader at Amazon; Formerly: Global Head of Blockchain, Cisco) 
  • Stephen DiFranco (Former SVP/GM IoT, Broadcom)
  • Brian Forde (Sr. White House Advisor to Obama; Co-Founder Digital Media Initiative, MIT Media Lab)
  • Greg Silverman (Co-Founder/CEO of Stampede Ventures; Formerly: President, Warner Bros)
  • Brian Weinstein (President/COO, Bad Robot)
  • Peter Boni (Managing Principal, Kedgeway)

Q: How does Beyond compare to other blockchain-based IoT projects?

A: At launch, the core team and its advisers were deeply concerned about the integrity of existing solutions in the marketplace, which scores of its professional and academic associates deemed as being technologically nonviable (See: MIT Media Lab: "Our response to 'A Cryptocurrency Without a Blockchain Has Been Built to Outperform Bitcoin')."


Saturna Discord AMA Relay - May 13th 2021 9PM UTC

Hello Saturnauts!

Our Written AMA session on Discord with the Saturna devs is underway! This post is to serve as a connector between Saturnauts on different platforms, allowing those who miss out or don't use Discord to read the answers to community questions as well as discuss them.

Discord: https://discord.gg/saturna

The questions from the community have already been submitted, and I will update this post as they are answered. Tycho on Discord is serving as the team member to share these answers with us, and Knockers will be asking the questions.

*******

"Why text based and not live stream?"

Well, we believe that since we're so early into this project, it would make more sense to do a written AMA, one that would give us time to know the community concerns and respond accordingly while also protecting everyone's privacy and investments, since we've all seen how badly live AMAs can go. Until we have someone that could handle the PR side of things in a proper way, this will be our choice.

"When will a listing appear on CoinGecko?"

CoinGecko was applied to on the day of the launch, it's pretty much out of our hands now and depends on the backlog of projects they have to go through.

"What are you doing for marketing? When will marketing be launched in full?"

Marketing is consistently ongoing. The tweets and tiktoks you see around don't magically appear. While partnerships have been announced daily since our launch just a week ago, these are just our first steps as this exposure creates more brand recognition. Based on discussions we've had recently, you should expect to see more names begin to surface that will be specifically be targeted at our userbase. We also onboarded new marketing partners this week (you might have seen them on our website) who have been helping us with influencer outreach.(Which yeah, even my non-crypto friends have started mentioning seeing Saturna pop up on their feed.)

"Who were the partners that were revealed on Dione?"

Partners revealed on Dione were Travladd and rapper Hi-Rez, they are helping us with marketing and influencer outreach, that might bring some surprises in the near future!

"Do you guys have any long term objective for the token? Any possible use case?"

Our long-term objectives are the same as yours. Take this to the next moon and the moon after that. If you've been paying attention to the market, utility is currently secondary to ensuring that there is excitement in the community. Nonetheless we understand that we have the opportunity to push Saturna further with utility applications, some of which we have already announced plans for.

As you've likely seen, our NFT Marketplace is well in the works and I believe that will make $SAT stand out in terms of utility from similar tokens. Also when you consider how much new money continues to flood into BSC, with our branding and marketing, we have the tools to compete with some of the larger names in the space.

"When will the merch shop be released?"

Materials are already on the way! We have partnered with some talented artists and will be printing shirts in a few days and begin to list them for sale. For 10 Lucky Saturnauts, that'll mean a free drop which we will announce as the first batch are completed! We will be looking into a way of allowing merch purchases with $SAT although that is not a certainty yet.

"Can we get the website updated with more moon landings? The community loves to hit stretch goals. We should have a "landing" for each of the 82 moons!"

Well you've certainly haven't made our tasks easier by shooting up to now 40K holders in a little over 5 days and breaking all kinds of BSC records hahaha. With so many "landings" in 1 week you have basically forced our hand and we have been working our asses off to deliver, some of us have been sleeping 4/5 hours a day for the last week. We certainly have plans to increase and add more goals as the growth continues, and we hope that materializes soon.

"When is the next audit? Solidity Finance isn't a real audit as I've seen most coins that are audited now are audited by them and most had rug pulls."

Solidity provides exactly what people ask for, an audit. They do not make guarantees that any particular project is or is not a rug pull. They simply provide information in a more digestible format that is readily available to the public and people do with that information what they will. We already had a second audit done by Techrate (released yesterday), and a 3rd Audit is paid and underway. Both audits already out confirm and clear up most doubts.

This project has ownership-renounced, and 99% of the LP has been burned (locked forever). There is no way for us or anyone else to adulterate or manipulate the contract in any way shape or form. The contract is engraved forever in the binance smart chain, immutable, at your disposal to consult it as you wish, that's the beauty of the blockchain.

Okay, so this next one is a bit of a doozy. I know it's what everyone's been asking: "A dox will help. A lot of people are willing to put large amounts in the coin after you dox."

We put a lot of effort into guaranteeing the legitimacy and security of this token for all, as seen by the 2 audits mentioned above, to the liquidity locked forever, and the renounced contract, that should assure everyone about the legitimacy and "unruggable" state of the project. I believe Doxxing is not the be-all, end-all of crypto projects. SafeMoon has been an even larger success and managed to do so without any of their team doxxing until they were way over 1B marketcap, and a couple months in, and we all know at least a couple of gigantic coins that have anonymous teams. I can think of a couple ones that you use or hear about every day (PancakeSwap and Bitcoin).

Doxxing is not a decision that can be taken lightly, already, we've been blackmailed by a person that infiltrated our TG modchat. That person was kicked out after trying to disseminate chaos and immediately resorted to extortion. These are the kind of situations we expose ourselves to everyday in the wild west of crypto, even while anonymous, so imagine if we were doxxed. Some of us also work other jobs and have careers that would not allow us to doxx at the moment. Crypto is also a highly volatile market where we are exposed to a multitude of events outside of our control, as we saw from the aftermath of yesterday's Elon Tweet, or BSC issues.

Anonymity and privacy are the cornerstones of cryptocurrency , and people's wishes to their privacy should be respected. If you still don't feel comfortable putting your own money up, then to be completely blunt, I suggest that you don't do it.

That's not to say a doxx won't happen a bit further down the line, and we will be looking into that possibility as the project matures and we gain some structure, but right now I ask that you give us space to do what we do best: put our heads down to work on getting the best out of this.

"How large is the dev team and are there any other core members?"

We are a group of individuals of different backgrounds and origins, with experience in marketing, development, management, some in the crypto industry. And while running a project of this scale is totally new to us we believe our experience summed up gives us the tools to build the project into something even more special.

I can't respond about specific numbers because we don't have a set structure yet, and we are still trying to find our ground and are actively looking to recruit people from the community that would be of value to the project, this is a community-driven project after all.

Being a community-driven project I think this is important to nail down: "Would the dev team say they prefer cats, or dogs?"

Dogs, but please no more Shibas, yesterday was sad enough. :'(

"Do you have any plans to make this token have real life usage to help push the price long term? Through partnerships with other companies or brands for example? Or is it just NFT based?"

We are definitely looking for ways to give extra utility to the project and token that allows it to stand out from other "meme" coins, NFT marketplace is just the start.

"Where do you see this coin in 2 months?"

I see a well structured team, with goals and ambitions and a vibrant community and platform that can compete well with other tokens of the same kind in the BSC ecosystem.

Yes and while we have a great team: "Will there be some way for community to be involved in decision making and coin utility? Are there any plans for this?"

We are currently accepting staff applications. Feel free to check it out at this link: https://forms.gle/vSsB1idF6rK9tPMV7

We have an experienced team with several connections in the space but, while comfortable, we're always looking for new ideas and avenues to innovate. This is a community-run project, and with so many talented people out there, we'd be missing a major opportunity by not pursuing what we have in our 40k Holders. Reach out, and we're happy to make you a big part of this team if you can show you bring the value. (This is a key one, definitely excited to see some more hands moving this ship. Already have some great applications but we'll really be combing this over the next few days.)

"Will you be reaching out to any well-known figures on social media for advertisements of Saturna on their account? Would help to further spread the word."

This is well underway. Payments have already been sent to some key influencers and we should see their reach expanding in the next couple of days and weeks. Naturally, you can expect them to be well connected and it won't be long until the names get bigger and bigger.

Trust me, we have some big news coming that way.

Here's a fun one, hope we don't draw too much heat: "What makes this a better token than Bonfire?"

Speed, outreach, and polish. There are a lot of great aspects to Bonfire, we're not trying to dismiss anything that is happening over there, they're truly a fantastic success story. But we're our own entity and have sprinted to a level of growth that we believe gives us better long-term momentum.

We have some serious plans coming as our holders expand and we expect to make realistic promises that our team are intent on delivering. That said, our success is not tied to that of Bonfire, and there is no need to stir that kind of competition. There's plenty of success available for all tokens.

(Realistic promises are key, but I can confirm that what is possible in our reality is going to be some exciting stuff.)

"What about points from previous milestones that were promised such as:

-Community Contest-Second Audit Submission-10k Giveaway-Second CEX?"

So for the centralized exchange listings, and with the growth we experienced from the start, we decided to pursue exchanges which would let us get our foot through the door faster.

The first CEX we applied for (and already paid) is actually the one which is delayed, Bilaxy process was finalized in a little over 1 day. I think we are the first token with reflection they are listing and they're trying to implement a way to make taxes work inside the exchange, that's why its taking longer.

(Was also surprised that a lot of these exchanges haven't been set up yet for these types of coins. Good opportunity then though.)

The first community contest has already been finalized on Twitter and prizes handed out to 3 winners, and the second audit from Techrate just came out yesterday. The 10K giveaway should be announced shortly.

Here's the most important question of the AMA coming up:

"In your opinion, who is the most attractive celebrity?"

Madison Beer (Good choice)

"Can we put in a voting system for proposed ideas/plans? e.g. Vote with your wallet size."

That is an interesting idea and we will look into how that would be feasible.

So here's a more technical one: "What do you think about this paper by notsafemoon (https://notsafemoon.com/public/docs/MoonCoinsTA.pdf) that disclosed issues with "safemoon" derivative projects (lopsided liquidity dumps among other thing) ? They even put a twitter bot tracker for Saturna, example, (https://twitter.com/NotSafeMoon/status/1392636530158563331)"

So for me personally, I haven't read that paper so I can't attest to its quality or truthiness. There are a couple minor known bugs with Safemoon forks, but now that the contract is deployed and renounced, there is nothing we can do about it. However, most of these issues are negligible, the famed "contract dump" for example only happened in Fairmoon because they had significantly lower Total Supply than Safemoon and didn't account for that variable when changing it. For forks with the same Total Supply as Safemoon, that shouldn't be a problem.


The Real Elon Musk

Hello everyone. This isn't specifically a bitcoin thread but due to recent events I think it is important that people get an understanding of the real Elon Musk as I have no doubt he will try and reenter the cryptocurrency space again in the future as some kind of figurehead. This is of course despite the fact that he is not a blockchain developer and has made no real contributions to the space but he appears to find the need to attach himself to any kind of new technology and take credit for it. This is a familar pattern, he is neither an expert on artifical intelligence, neuroscience or infectious diseases such as Covid-19 but is able to convince people that his opinion is always worth listening to.

Concerning his recent tweet that has sent bitcoin and the wider cryptocurrency market down I have this to say. This was clearly market manipulation. As some others have pointed out in other threads he and Tesla would have done their research before purchasing $1.5 billion worth of bitcoin. While the fossil fuel use of bitcoin is an issue it is only a reflection of the fact that the world still uses fossil fuels to provide the majority of the energy to meet our civilization's needs and this will be addressed as we transition to renewables. We waste large amounts of energy each night with poorly designed outdoor lighting, the majority of which simply bleeds out into the night sky and causes light pollution but nobody seriously suggests banning lighting.

What Musk has done is another familar pattern of his. He has been investigated and fined with fraud by the SEC in relation to manipulating his own stock in the past. The SEC does not regulate cryptocurrency so Musk has targeted the space for his grift. What he did was purchase bitcoin, deliberately shill it to his fans and then sell a portion of his holdings for a quick profit. While I don't have any proof he may have also bought more btc during the price decline or also shorted it. He has done all this while also trying to hijack the space as some kind of public figurehead, again, while not really making any contributions to the blockchain ecosystem. Bitcoin and blockchain technology was doing fine without him and was in no need for this endorsement. His actions have been nothing more than quick profit making at the expense of regular people. Other billionaires don't do this in such an overt and open way which only goes to show how unstable he is and also because I suspect his businesses are not very liquid and desperately need the money.

I've included the links to some videos below which show that he is not the genius people perceive him to be and that his inital success was due to accident and the work of others, not himself. He has a history of failing upwards at the expense of others and has even mislead his own shareholders for his own gain. I very much recommend that you all give the videos a watch.

Debunking Elon Musk Pts 1 & 2:

https://www.youtube.com/watch?v=c-FGwDDc-s8

https://www.youtube.com/watch?v=DopFo1rjAr4

What Musk Sold Tesla Pts 1 & 2:

https://www.youtube.com/watch?v=GSUQhfYv3wc

https://www.youtube.com/watch?v=aYGgeRxVS_E


Here is a Market Recap for today Thursday, May 13, 2021

PsychoMarket Recap - Thursday, May 13, 2021

The wild swings in the market continue, with three indexes bouncing back after yesterday’s selloff. With the market fluctuating so wildly, it is difficult to pinpoint the reasons behind this price action, but I think there are two main, competing factors contributing to the volatility the market has seen in the last two weeks or so. It seems that fears inflation, marked by high prints in the consumer price index yesterday, are causing concern that the Federal Reserve will tighten monetary policy sooner than expected and is pushing the market down while the April Job Report, which missed analyst estimates and marked a sharp declaration in job growth compared to March, bolsters confidence in the Fed’s claim that it will not consider tightening monetary policy until it sees a “string” of strong labor reports. Again though, with so many factors revolving around the market, it is difficult to see the clear picture.

The S&P 500 (SPY) closed the day 1.17% up after closing 2.09% down yesterday. The tech-heavy Nasdaq (QQQ) closed 0.77% up after closing 2.54% down yesterday. The Dow Jones (DIA) closed 1.26% up after closing 2% down yesterday.

Yesterday, the Bureau of Labor Statistics reported that the consumer price index (CPI), which measures a basket of goods as well as energy and housing costs, rose 4.2% from a year ago, compared to the Dow Jones estimate for a 3.6% increase. The monthly gain was 0.8%, against the expected 0.2%. Excluding the volatile food and energy prices, the core CPI (this is the main measure of inflation) increased 3% compared to the same period in 2020 and 0.9% on a monthly basis. The respective estimates were 2.3% and 0.3%.

Today, the producer price index (PPI), which measures the average changes in prices received by domestic producers for their output, rose 6.2% compared to April 2020 and 0.6% monthly increase. The core PPI, which excludes volatile items like food and energy rose 4.6% year over year and 0.7% in April. Economists polled by FactSet were expecting a 0.3% monthly increase in April and 3.8% year over year. This is the biggest jump since 2014. In tandem with the CPI report, this shows prices for both consumers and producers has increased more than expected.

However, while the readings in inflation definitely are not good, it is important to note that Federal Reserve Chair Jerome Powell has consistently reiterated he expects any rise in inflation to be “transitory” as the economy continues to recover from the March and bottom and want to see a “string” of strong labor reports totaling 1 million before. In an April 28 meeting Powell said, “Amid progress on vaccinations and strong policy support, indicators of economic activity and employment have strengthened. Inflation has risen, largely reflecting transitory factors. Overall financial conditions remain accommodative, in part reflecting policy measures to support the economy and the flow of credit to U.S. households and businesses.”

Moreover, the April Job Report, released last Friday, showed the US economy only added 266,000 new jobs last month, missing estimates of more than 1 million jobs gained and marking a sharp deceleration from March’s total of 916,000 new jobs added. As said earlier, members of the Federal Reserve, including Powell, have consistently reiterated they want to see a
“String” of strong labor reports before considering any changes to the current policy. Talking about the March Job report, Powell said, “We want to see a string of months like that [like in March] so we can really begin to show progress toward our goals. We just need to keep reminding ourselves that even though some parts of the economy are starting just great, there’s a very large group of people who are not.” The April Job Report bolsters Powell’s argument that large segments that the Federal Reserve will move slowly in changing policy.

In addition, at a separate event in April, Powell said that quantitative easing would likely taper “well before” the interest rate is increased. He said, “We will reach the time at which we will taper asset purchases when we have made substantial further progress towards our goals from last December. That would in all likelihood be before, well before, the time we would consider raising interest rates. We have not voted on that order but that is the sense of the guidance.” In short, while the inflationary readings are not great, I’m fairly confident fears that the Federal Reserve will tighten policy sooner-than-expected are overblown. Looking ahead though, I expect the kangaroo market to continue in the near-term. Just my two cents.

Highlights

  • The Labor Department Released its Weekly Unemployment Report
    • Initial jobless claims: 473,000 vs. 490,000 expected and 507,000 the previous week
    • Continuing claims: 3.655 million vs. 3.650 million expected and 3.7 million the previous week
  • Cryptocurrencies fell across the board after Elon Musk reversed his stance and said Tesla (TSLA) would no longer be accepting Bitcoin (BTC) as a payment due to concerns over the environmental impact BTC mining is causing.
  • AMC Entertainment Holdings Inc has raised about $428 million from a share sale, capitalizing on the retail-trading driven surge in its stock earlier this year. The company said it sold 43 million shares at an average price of $9.94 apiece in the at-the-market offering, sending its stock nearly 19% higher.
  • United Airlines and two other major U.S. carriers said on Thursday they will quickly repair more than 60 Boeing 737 MAX planes grounded early last month over an electrical problem that could have interfered with some critical systems.
  • Executive Chairman of Ford (F) Bill Ford signaled that automaker plans to reinstate the dividend it suspended last year, though he gave no timeline. "We will do it as soon as possible, but we also want to make sure that when we do it, that we can sustain it.”
  • **Please note that current stock price was written premarket and does not reflect intraday changes*\*
  • Aptiv (APTV) target raised by Morgan Stanley from $200 to $205 at Overweight. Stock currently around $134
  • Avalara (AVLR) target raised by Morgan Stanley from $170 to $175 at Overweight. Stock currently around $122
  • AutoZone (AZO) target raised by Wells Fargo from $1600 to $1700 at Overweight. Stock currently around $1495
  • Builders First Source (BLDR) target raised by BTIG Research from $57 to $67 at Buy. Stock currently around $46.60
  • Bumble (BMBL) target raised by Susquehanna from $70 to $78 at Positive. Stock currently around $47. The company beat earnings estimates today but still fell roughly 14%.
  • CommScope (COMM) target raised by Goldman Schs from $21 to $24 at Buy. Stock currently around $17.5
  • Costco (COST) target raised by Raymond James from $375 to $410 at Outperform. Stock currently around $372
  • Datadog (DDOG) with two target raises. Stock currently around $77
    • Moness Crespi & Hardt from $100 to $103 at Buy
    • Needham & Co from $141 to $150 at Buy
  • John Deere (DE) target raised by Robert W Baird from $375 to $425 at Outperform. Stock currently around $373
  • Domino's Pizza (DPZ) target raised by Robert W Baird from $455 to $485 at Outperform. Stock currently around $425
  • Floor & Decor (FND) target raised by Goldman Sachs from $118 to $133 at Buy. Stock currently around $101
  • Guardant Health (GH) target raised by BTIG Research from $145 to $160 at Buy. Stock currently around $114
  • Health Catalyst (HCAT) with three target raises. Stock currently around $48
    • Raymond James from $56 to $63
    • SVB Leerink from $53 to $59
    • Goldman Sachs from $54 to $60
  • McKesson (MCK) target raised by Goldman Sachs from $231 to $257 at Buy. Stock currently around $197
  • Moderna (MRNA) with two target raises. Stock currently around $153
    • Goldman Sachs from $206 to $228 at Buy
    • Chardan Capital from $182 to $188 at Buy
  • Sonos (SONO) target raised by Morgan Stanley from $45 to $47 at Overweight. Stock currently around $31.50
  • Square (SQ) with two target raises. Stock currently around $207
    • Morgan Stanley from $245 to $254 at Equal-Weight
    • Rosenblatt Securities from $320 to $330 at Buy

“It is in your moments of decision that your destiny is shaped.” - Tony Robbins


Here is a Market Recap for today Thursday, May 13, 2021

PsychoMarket Recap - Thursday, May 13, 2021

The wild swings in the market continue, with three indexes bouncing back after yesterday’s selloff. With the market fluctuating so wildly, it is difficult to pinpoint the reasons behind this price action, but I think there are two main, competing factors contributing to the volatility the market has seen in the last two weeks or so. It seems that fears inflation, marked by high prints in the consumer price index yesterday, are causing concern that the Federal Reserve will tighten monetary policy sooner than expected and is pushing the market down while the April Job Report, which missed analyst estimates and marked a sharp declaration in job growth compared to March, bolsters confidence in the Fed’s claim that it will not consider tightening monetary policy until it sees a “string” of strong labor reports. Again though, with so many factors revolving around the market, it is difficult to see the clear picture.

The S&P 500 (SPY) closed the day 1.17% up after closing 2.09% down yesterday. The tech-heavy Nasdaq (QQQ) closed 0.77% up after closing 2.54% down yesterday. The Dow Jones (DIA) closed 1.26% up after closing 2% down yesterday.

Yesterday, the Bureau of Labor Statistics reported that the consumer price index (CPI), which measures a basket of goods as well as energy and housing costs, rose 4.2% from a year ago, compared to the Dow Jones estimate for a 3.6% increase. The monthly gain was 0.8%, against the expected 0.2%. Excluding the volatile food and energy prices, the core CPI (this is the main measure of inflation) increased 3% compared to the same period in 2020 and 0.9% on a monthly basis. The respective estimates were 2.3% and 0.3%.

Today, the producer price index (PPI), which measures the average changes in prices received by domestic producers for their output, rose 6.2% compared to April 2020 and 0.6% monthly increase. The core PPI, which excludes volatile items like food and energy rose 4.6% year over year and 0.7% in April. Economists polled by FactSet were expecting a 0.3% monthly increase in April and 3.8% year over year. This is the biggest jump since 2014. In tandem with the CPI report, this shows prices for both consumers and producers has increased more than expected.

However, while the readings in inflation definitely are not good, it is important to note that Federal Reserve Chair Jerome Powell has consistently reiterated he expects any rise in inflation to be “transitory” as the economy continues to recover from the March and bottom and want to see a “string” of strong labor reports totaling 1 million before. In an April 28 meeting Powell said, “Amid progress on vaccinations and strong policy support, indicators of economic activity and employment have strengthened. Inflation has risen, largely reflecting transitory factors. Overall financial conditions remain accommodative, in part reflecting policy measures to support the economy and the flow of credit to U.S. households and businesses.”

Moreover, the April Job Report, released last Friday, showed the US economy only added 266,000 new jobs last month, missing estimates of more than 1 million jobs gained and marking a sharp deceleration from March’s total of 916,000 new jobs added. As said earlier, members of the Federal Reserve, including Powell, have consistently reiterated they want to see a“String” of strong labor reports before considering any changes to the current policy. Talking about the March Job report, Powell said, “We want to see a string of months like that [like in March] so we can really begin to show progress toward our goals. We just need to keep reminding ourselves that even though some parts of the economy are starting just great, there’s a very large group of people who are not.” The April Job Report bolsters Powell’s argument that large segments that the Federal Reserve will move slowly in changing policy.

In addition, at a separate event in April, Powell said that quantitative easing would likely taper “well before” the interest rate is increased. He said, “We will reach the time at which we will taper asset purchases when we have made substantial further progress towards our goals from last December. That would in all likelihood be before, well before, the time we would consider raising interest rates. We have not voted on that order but that is the sense of the guidance.” In short, while the inflationary readings are not great, I’m fairly confident fears that the Federal Reserve will tighten policy sooner-than-expected are overblown. Looking ahead though, I expect the kangaroo market to continue in the near-term. Just my two cents.

Highlights

  • The Labor Department Released its Weekly Unemployment Report
    • Initial jobless claims: 473,000 vs. 490,000 expected and 507,000 the previous week
    • Continuing claims: 3.655 million vs. 3.650 million expected and 3.7 million the previous week
  • Cryptocurrencies fell across the board after Elon Musk reversed his stance and said Tesla (TSLA) would no longer be accepting Bitcoin (BTC) as a payment due to concerns over the environmental impact BTC mining is causing.
  • AMC Entertainment Holdings Inc has raised about $428 million from a share sale, capitalizing on the retail-trading driven surge in its stock earlier this year. The company said it sold 43 million shares at an average price of $9.94 apiece in the at-the-market offering, sending its stock nearly 19% higher.
  • United Airlines and two other major U.S. carriers said on Thursday they will quickly repair more than 60 Boeing 737 MAX planes grounded early last month over an electrical problem that could have interfered with some critical systems.
  • Executive Chairman of Ford (F) Bill Ford signaled that automaker plans to reinstate the dividend it suspended last year, though he gave no timeline. "We will do it as soon as possible, but we also want to make sure that when we do it, that we can sustain it.”
  • **Please note that current stock price was written premarket and does not reflect intraday changes*\*
  • Aptiv (APTV) target raised by Morgan Stanley from $200 to $205 at Overweight. Stock currently around $134
  • Avalara (AVLR) target raised by Morgan Stanley from $170 to $175 at Overweight. Stock currently around $122
  • AutoZone (AZO) target raised by Wells Fargo from $1600 to $1700 at Overweight. Stock currently around $1495
  • Builders First Source (BLDR) target raised by BTIG Research from $57 to $67 at Buy. Stock currently around $46.60
  • Bumble (BMBL) target raised by Susquehanna from $70 to $78 at Positive. Stock currently around $47. The company beat earnings estimates today but still fell roughly 14%.
  • CommScope (COMM) target raised by Goldman Schs from $21 to $24 at Buy. Stock currently around $17.5
  • Costco (COST) target raised by Raymond James from $375 to $410 at Outperform. Stock currently around $372
  • Datadog (DDOG) with two target raises. Stock currently around $77
    • Moness Crespi & Hardt from $100 to $103 at Buy
    • Needham & Co from $141 to $150 at Buy
  • John Deere (DE) target raised by Robert W Baird from $375 to $425 at Outperform. Stock currently around $373
  • Domino's Pizza (DPZ) target raised by Robert W Baird from $455 to $485 at Outperform. Stock currently around $425
  • Floor & Decor (FND) target raised by Goldman Sachs from $118 to $133 at Buy. Stock currently around $101
  • Guardant Health (GH) target raised by BTIG Research from $145 to $160 at Buy. Stock currently around $114
  • Health Catalyst (HCAT) with three target raises. Stock currently around $48
    • Raymond James from $56 to $63
    • SVB Leerink from $53 to $59
    • Goldman Sachs from $54 to $60
  • McKesson (MCK) target raised by Goldman Sachs from $231 to $257 at Buy. Stock currently around $197
  • Moderna (MRNA) with two target raises. Stock currently around $153
    • Goldman Sachs from $206 to $228 at Buy
    • Chardan Capital from $182 to $188 at Buy
  • Sonos (SONO) target raised by Morgan Stanley from $45 to $47 at Overweight. Stock currently around $31.50
  • Square (SQ) with two target raises. Stock currently around $207
    • Morgan Stanley from $245 to $254 at Equal-Weight
    • Rosenblatt Securities from $320 to $330 at Buy

“It is in your moments of decision that your destiny is shaped.” - Tony Robbins

SIgn up to receive in your email for free: https://psychotrader.com/register/free-newsletter/


Ignore the market uncertainty right now and hold.

If you bought in above current market price and are thinking of cashing out or you are being scared off by whales hear me out for a second. This last week we saw two big developments that are not short term pumps.

1). Elon stating that SpaceX will be paid in Dogecoin for a mission called Doge-1.

2). Tesla is going to abandon effect immediately accepting Bitcoin for cars and will be looking for other crypto in the <1% power consumption range.

First off, point 1 is a long term commitment to Dogecoin. It’s not a short term pump. This will help Dogecoin in two ways. It will keep Dogecoin relevant in the news and social media for a year. Two, it will very like cause the value of Dogecoin to rise as we get closer to launch. No other crypto has this sort of backing aside from Bitcoin. This launch event will be a world wide event bringing tons of attention to Dogecoin. Without a doubt. That is real growth.

Second, the ousting of Bitcoin by one of most successful electric car companies in the world is shocking and was done so for reasons related to the environment. This will undoubtedly have a ripple effect in the year to come when more companies have to weight the impact they are making by accepting Bitcoin for everyday transactions. Bitcoin is going to wind up only a vehicle for store value like gold. The other part to this is the speculation that Dogecoin will be accepted by Tesla. I can’t see why it wouldn’t be. If one of Elon’s companies accepts if then why not the other. Why spend all this time and energy hyping Dogecoin and accepting it, just pick some other alt down the line? How would that play out with the Doge-1 mission? You don’t go around setting people up to use Dogecoin just to swap out to another coin. That hurts crypto acceptance on the whole.

I see nothing but growth for Dogecoin in the long term. I am holding and have been since 2014. Exciting times are ahead. Forget about this dip. Go out and buy something with dogecoin. Just my two cents.

DoOnlyGoodEveryday.