Saturday, October 19, 2019

KiwiSaver Capital Monthly Update

The Momentum Fund

Bitcoin has continued to range-bound trade over the past month and has well and truly lost momentum. As you will know from our last update, BTC crossed below the 100 DMA in mid September but was still sitting above the 200 DMA. This meant that for our last reallocation we reduced our Bitcoin exposure to 50% and the remaining 49% was parked in a stable coin (ignoring the 1% GVT compulsory allocation). The beauty of our strategy has paid off here - the Momentum fund returned -6.25% in the past month, compared to a loss of -12.5% for funds which maintained a full Bitcoin allocation. Using a momentum strategy we have been able to avoid that additional 6.25% loss and preserved our capital.

In late September BTC also dropped below the 200 DMA. At the time of writing BTC is at $7937, under both the 100 DMA ($9829) and 200 DMA ($8812). Therefore, we will pull back to maximal stable coin exposure for the next month (and possibly longer). We know that when Bitcoin decides to fly it often does in spectacular fashion, so if Bitcoin can pick up some momentum in the next thirty days (signalled by a cross above the 200 DMA) then we will reallocate back to some BTC exposure. For now, we are playing defensively.

You can see the full Momentum Fund strategy here.

https://i.redd.it/0z4k1lplrkt31.png

The Community Fund

Our newest fund pools the community's views on which two coins will perform the best over the subsequent thirty days. This month BTC and BNB have been chosen to make up the fund and are doing fairly dismally at the moment, -20%. There is still a third of the month left before the Community Fund's reallocation, so hopefully we can get back into black. Please be sure to vote for which coin you believe will perform the best in the month of November at the link below.

Voting for the November allocation is now open and can be found here.

Growth, Intrepid, Balanced & Defensive Funds

Our risk-staggered funds continue to perform strongly overall, but have had a lacklustre month. Reallocation of all funds has now occurred. Most funds will maintain a decent allocation to Bitcoin and the high market cap alts, while some smaller altcoins will get exposure due to important upcoming events this month such as TRX, NXS, XRP and ZEN.

Thanks to everyone who continues to trust their funds with us, and cheers to another successful month!

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[uncensored-r/BitcoinMarkets] [Daily Discussion] Saturday, October 19, 2019

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Daily analysis of cryptocurrencies 20191019(Market index 41 — Fear state)

https://i.redd.it/o50t8itz0jt31.png

PBoC’s YI Gang Met With Bank Of England Governor, Discussing Digital Currency
Citing Jin10, YI Gang, Governor of the People’s Bank of China (PBoC), the country’s central bank, has met with Mark Carney, Governor of Bank of England, to exchange views on several fields like Brexit, financial cooperation, and digital currency.

COT Report: BTC Market Controlled By The Short Positions
Citing the latest Commitments of Traders (COT) report on Bitcoin released by the U.S. Commodity Futures Trading Commission (CFTC), Asset Managers’ accounts that reflect the buyer group witness a recovery in the long positions. Long positions of Dealers’ accounts now see an increase, which indicates that the price may reach the bottom. In general, the short positions currently controlled BTC market.

#Eurasia Summit# Emin Gün Sirer: New Protocols Will Change DeFi Game And Promise Which Is Delivered In Dream
Istanbul today (Oct 19) welcomes its second day of the Eurasia Blockchain Summit jointly held by Huobi and Kemer Partners.
Speaking in the conference, Emin Gün Sirer, professor of Cornell University, founder of AVA Labs, co-founder of bloXroute and co-director of the Initiative for Cryptocurrencies and Contracts (IC3), talked about the three phases of the blockchain evolution and brought a gift home — AVA Private Testnet. It has a comprehensive ecosystem, including the native token, the token platform, the community governance as well as the DApp platform. “New protocols will change the DeFi game and the promise which actually is delivered in the dream. We are looking for the broad community involvement, no matter with researchers and developers or both on the platform and on the application layer,” he added.

NY District Court Postpones Telegram’s TON Hearing To 2020
The United States District Court for the Southern District of New York has postponed the hearing regarding the Securities and Exchange Commission’s (SEC) injunction filing against Telegram Open Network (TON) and its Gram token to Feb 18–19, 2020. It said: “IT IS ORDERED that Defendants shall not offer, sell, deliver, or distribute ‘Grams’ to any person or entity, until the conclusion of the hearing scheduled by the Court for February 18 and 19, 2020 (‘Hearing’), except upon further order of the Court or agreement of the parties. At the Hearing, any party may move the Court for the continuation or dissolution of this Order.”

Encrypted project calendar(October 19, 2019)

PI/PCHAIN Network: The PCHAIN (PI) backbone (Phase 5, 82 nodes, 164, 023, 802 $ PI, 7 candidates) will begin on October 19.
LINK/ChainLink: Diffusion 2019 will be held in Berlin, Germany from October 19th to 20th
DeepBrain Chain (DBC): 19 October 2019 (or earlier) Deploy Main Chain “Deploy Main Chain,” during the third week of October.
General Event (CRYPTO): and 1 other 19 October 2019
Free State Blockchain “This “unconference” style event brings together some of the top financial tech innovators, researchers, company leaders, and other…”
PCHAIN (PI): 19 October 2019 Main Chain Voting “Main chain: Epoch 5, 82 nodes, 164,023,802 $PI, 7 Candidates, voting will start on Oct. 19th.”
Nash Exchange (NEX): 19 October 2019 Nash Anniversary Nash will present their work from the third quarter of 2019. Team members will be present and to answer your questions in person.

Encrypted project calendar(October 20, 2019)

GameCredits (GAME): 20 October 2019 (or earlier) Mining Reward Drop GameCredits mining reward will be cut in half at block 2519999 (~October 20). This will be the 4th halvening of the GAME mining reward!
Aeternity (AE): 20 October 2019 Starfleet 3 App Deadline #Starfleet3 is happening in Malta and you have by October 20th to apply!
FN/IPFS&Filenet: IPFS&Filenet (FN) will be launched on the UP project Filenet (FN). The UP subscription time is from 14:00 on October 20, 2019 to 18:00 on October 20, 2019.

Encrypted project calendar(October 21, 2019)

KNC/Kyber Network: The official online hackathon of the Kyber Network (KNC) project will end on October 21st, with more than $42,000 in prize money.
Horizen (ZEN): 21 October 2019 Sidechains Alpha Release Horizen releasing the alpha version of industry first decentralized and unfederated sidechains.
Horizen (ZEN): 21 October 2019 Updated Whitepaper Horizen releasing an updated whitepaper.
Kuverit (KUV) : IDAX will list #Kuverit (KUV) and open trading for KUV/BTC trading pair. is going to be listed on 21 Oct, at 10:00 am (UTC+8).

Encrypted project calendar(October 22, 2019)

ZRX/0x: The 0x protocol (ZRX) Pantera blockchain summit will be held on October 22.
Locus Chain (LOCUS): 22 October 2019 Public Test Begins Public test runs for three days from October 22nd to October 24th.
IOTA (MIOTA): 22 October 2019 EclipseCon Europe Next week, join Lewis Freiberg, our Director of Ecosystem, to learn how to build an ecosystem around IoT focused distributed ledgers.

Encrypted project calendar(October 23, 2019)

MIOTA/IOTA: IOTA (MIOTA) IOTA will host a community event on October 23rd at the University of Southern California in Los Angeles with the theme “Connecting the I3 Market and Experiencing Purchase and Sales Data.”
BTC/Bitcoin: The WBS World Blockchain Summit (Middle East) will be held in Dubai from October 23rd to 24th.
Cardano (ADA) and 1 other: 23 October 2019 WBS Dubai “One of a kind gathering of 500+ curated & pre-qualified investors, CEOs, CIOs, CTOs, Heads of Blockchain, Chief Digital Officers
CloakCoin (CLOAK): 23 October 2019 (or earlier) CloakCoin Competition “CloakCoin competition : solve the CloakCoin ENIGMA transaction, 3rd round.”
Loom Network (LOOM): 23 October 2019 Singapore Meetup “Unstack the Stack Series: Loom Network” from 6:30–8:30 PM (SST).

Encrypted project calendar(October 24, 2019)

BCN/Bytecoin: Bytecoin (BCN) released the hidden amount of the Bytecoin block network on October 24.
Horizen (ZEN): 24 October 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA.
ANT/Aragon: Aragon (ANT) Aragon Network will hold the theme “DAO: ICO and DeFi next step” in Hong Kong on October 24th?
DATA/Streamr DATAcoin: Streamr DATAcoin (DATA) Streamr Network Technology Exchange and Project Development Conference will be held in London on October 24th.
Lisk (LSK): 24 October 2019 Coding Workshop — Berlin “During this workshop you will acquire the skills to create custom transactions with the Lisk Alpha SDK using Node.js.”

Encrypted project calendar(October 25, 2019)

ADA/Cardano: Cardano (ADA) The Ada community will host a community gathering in the Dominican Republic for the first time on October 25.
Crypto.com Coin (CRO): 25 October 2019 Live AMA with CEO “Live AMA with our CEO @Kris_HK on @cryptocom’s Twitter next Friday, 25 October, 11AM HKT.”

Encrypted project calendar(October 26, 2019)

KAT/Kambria: Kambria (KAT) Kambria will host the 2019 Southern California Artificial Intelligence and Data Science Conference in Los Angeles on October 26th with IDEAS.
BTC/Bitcoin: CoinAgenda Global Summit will be held in Las Vegas from October 26th to 28th
Horizen (ZEN): 26 October 2019 (or earlier) ZEN 2.0.19 Upgrade Zen 2.0.19 upgrade at block #610000, which is expected around October 26.

Encrypted project calendar(October 27, 2019)

ICON (ICX): 27 October 2019 Money 20/20 USA Event Money 20/20 USA in Las Vegas from October 27–30.

Encrypted project calendar(October 28, 2019)

LTC/Litecoin: Litecoin (LTC) 2019 Litecoin Summit will be held from October 28th to October 29th in Las Vegas, USA
BTC/Bitcoin: Mt.Gox changes the debt compensation plan submission deadline to October 28
ZEC/Zcash: Zcash (ZEC) will activate the Blossom Agreement on October 28th
Stellar (XLM): 28 October 2019 Protocol 12 Upgrade Vote Horizon v0.22.0 has been released, which supports Protocol 12. This gives everyone ample time to prepare for the Protocol 12 upgrade vote
Celsius (CEL) and 3 others: 28 October 2019 Litecoin Summit “…The Litecoin Summit offers two fun, jam-packed days with something for everyone.”

Encrypted project calendar(October 29, 2019)

BTC/Bitcoin: The 2nd World Encryption Conference (WCC) will be held in Las Vegas from October 29th to 31st.
ICON (ICX): 29 October 2019 Decentralization “As a result, the decentralization schedule of the ICON Network has been changed from September 24, 2019 to October 29, 2019.”
Ark (ARK): and 10 others 29 October 2019 WCC 2019 Second annual Blockchain and Cryptocurrency Technology event, World Crypto Conference (WCC), October 29th — October 31, 2019.
Insifa (ISF): 29 October 2019 Prototype Alpha “We from Insifa have decided to be more open. Our Prototype will be developed in scrum. This means new releases every two weeks.”

Encrypted project calendar(October 30, 2019)

MIOTA/IOTA: IOTA (MIOTA) IOTA will host a community event on October 30th at the University of Southern California in Los Angeles on the topic “How to store data on IOTA Tangle.”
TRON (TRX): 30 October 2019 SFBW19 Afterparty “TRON Official SFBW19 Afterparty from 7–10:30 PM in San Francisco.”
Horizen (ZEN): 30 October 2019 Horizen Quarterly Update Join our first Quarterly Update on October the 30th at 5 PM UTC/ 1 PM EST. Deeper look into Engineering, BD, Marketing, and more.
Aeternity (AE): 30 October 2019 Hardfork “The third hardfork of the æternity Mainnet is scheduled for October 30, 2019.”
Valor Token (VALOR): 30 October 2019 Transaction Fees Resume “It’s September and the SMART VALOR Platform is still waiving transaction fees for all members, until October 30th!”
Aragon (ANT): 30 October 2019 Singapore Meetup “Aragon on DAOs and DeFi” from 6:30–8:30 PM.
Kambria (KAT): 30 October 2019 Outliers Hashed Awards Outliers Hashed awards from October 30–31.
Ethereum Classic (ETC): 30 October 2019 Cohort Demo Day “ETC Labs hosts it’s 2nd Cohort Demo Day. Learn about the companies and project being accelerated through the Ethereum Classic ecosystem.”

Encrypted project calendar(October 31, 2019)

Spendcoin (SPND): 31 October 2019 (or earlier) Cross Ledger Mainnet “Cross Ledger Mainnet Release and SPND Token Swap,” during October 2019.
Spendcoin (SPND): 31 October 2019 (or earlier) Blkchn University Beta “Blockchain University Beta goes live,” during October 2019.
Stellar (XLM): 31 October 2019 (or earlier) Minor Release “We will have 6 Minor Releases in 2019; one each in February, March, May, June, August, and October.”
Bitcoin SV (BSV): 31 October 2019 (or earlier) BSV Conference Seoul No additional information.
Seele (SEELE): 31 October 2019 (or earlier) Public Network Mainne launch has been moved to Oct 31 .
Howdoo (UDOO): 31 October 2019 (or earlier) Howdoo Live on Huawei Howdoo begins its exciting partnership with Huawei with listing as a featured app starting in October.
Chiliz (CHZ): 31 October 2019 (or earlier) App Soft Launch Soft launch of Socios App by end of October.
Dent (DENT): 31 October 2019 (or earlier) Loyalty Program “Afterburner loyalty program launch for all 21,6 Million mobile #DENT users will be in October!”
IceChain (ICHX): 31 October 2019 (or earlier) Wallet Release IceChain releases wallet during October.
Chiliz (CHZ): 31 October 2019 (or earlier) New Partnerships New sports and new teams joining Socios (+more updates and events) will be announced in the upcoming weeks.
Horizen (ZEN): 31 October 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA.
PCHAIN (PI): 31 October 2019 (or earlier) New Website No additional information.
IOST (IOST): 31 October 2019 (or earlier) New Game on IOST “Eternal Fafnir, a new role-playing game developed by INFUN is coming to you in Oct.”

Encrypted project calendar(November 1, 2019)

INS/Insolar: The Insolar (INS) Insolar wallet and the redesigned Insolar Block Explorer will be operational on November 1, 2019.

Encrypted project calendar(November 6, 2019)

STEEM/Steem: The Steem (STEEM) SteemFest 4 conference will be held in Bangkok from November 6th to 10th.

Encrypted project calendar(November 8, 2019)

BTC/Bitcoin: The 2nd Global Digital Mining Summit will be held in Frankfurt, Germany from October 8th to 10th.

Encrypted project calendar(November 9, 2019)

CENNZ/Centrality: Centrality (CENNZ) will meet in InsurTechNZ Connect — Insurance and Blockchain on October 9th in Auckland.

Yesterday, there was a downside extension in bitcoin below the $8,000 support area against the US Dollar. BTC price traded to a new monthly low at $7,915 and settled below the 100 hourly simple moving average. Recently, there was an upside correction above the $8,000 level. Moreover, the price recovered above the $8,020 level, plus the 23.6% Fib retracement level of the last decline from the $8,386 high to $7,915 low.

However, the upward move was capped by the $8,100 and $8,120 resistance levels. Besides, the price failed to test the 50% Fib retracement level of the last decline from the $8,386 high to $7,915 low. As a result, there was a fresh decline below $8,020. The price is now accelerating declines below the $8,000 level. It even broke the last swing low at $7,915 and traded to a new monthly low near $7,850.

Review previous articles: https://medium.com/@to.liuwen

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[uncensored-r/CryptoCurrency] #BTC Another event about the bitcoin blockchain happened today as the block number 600,000 is com...

The following post by webnowcompany is being replicated because the post has been openly greylisted.

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[removed]


The developers did a good job on this project,a great idea which is good for investiruya and investors

SwapZilla has come to a successful journey, i wish You all the best to Your all the future events as well. me and my crypto audience always support good projects like this. #ico #crypto #bitcoin #ethereum #blockchain #btc


The ZimDai Stack - A Technical Breakdown

Here we'll go over the "tech stack": the set of technologies that allows Dai to function and guarantees it will always be available in Zimbabwe.

Much of this isn't relevant to customers or even to agents, in terms of how it's used. This is more for those of us who need to know how something works before trusting it.

The short version is:

  • Cryptocurrency technology at the base
  • Ethereum, a particular cryptocurrency that enables "smart contracts"
  • Dai, a "stablecoin" built on Ethereum smart contracts
  • DAIHard, an unkillable entry/exit mechanism, also built on Ethereum smart contracts

Cryptocurrency

Most people have heard of Bitcoin, invented back in 2009. This was the first cryptocurrency. Since then, many more have been developed and the industry as a whole has matured greatly.

Generally, the drawbacks of cryptocurrency are: - Volatility: the value of any given cryptocurrency faces huge spikes and falls - Difficult to enter and exit - Not as simple to use as "regular money" - Lack of adoption (no one else is using it, so why should I?)

But there are some important benefits: - Global monetary system - Uncensorable - Unhackable - Resistant to regulation and litigation - No one controls it (like the Internet itself)

Cryptocurrency is a huge subject, and could fill several books. This article would be a good starting place to learn more.

Ethereum and Smart Contracts

Ethereum is a cryptocurrency that enables the operation of smart contracts. You can read more here, but the basic idea is this: a smart contract is a piece of code that lives at a specific Ethereum address. Like other addresses, this address can receive money.

When the smart contract receives money, it will do with the money whatever it was programmed to do. A simple example might be a "splitter" contract, that splits the money in half and sends it to two other addresses. Another example might be a simple time-lock contract, where it will hold the money and not allow withdrawals earlier than a month.

The most common use of this technology is to build a new coin without having to build the whole blockchain technology from scratch. In fact, as of January, 94 of the top 100 cryptocurrencies were actually built on top of Ethereum.

Because these smart contracts store and execute their code directly on the blockchain, technology built on them inherits many of the benefits of cryptocurrencies: unhackable, unstoppable, and resilient against regulation or goverment shut-downs.

Dai

Dai is another coin built on Ethereum, but with a particular advantage: it is pegged to the US Dollar, such that 1 Dai always equals 1 dollar. This is achieved not through a simple IOU system (such as TUSD and USDT use), but is has a transparent system that generates (or destroys) Dai to maintain the peg, which nobody owns and anyone can interact with. This effectively eliminates the general "volatility" issue most other cryptocurrencies have.

Here is an overview of how the system works. In the end, it incentivizes people to put at large amounts of collateral "behind" every Dai that is created, and if the price of ether falls, the system will begin liquidating this ether collateral to protect the value of the Dai. You can see some interesting statistics of the entire system, like total issued Dai and collateralization ratio, here.

If you have Metamask or another "Ethereum browser wallet" installed, with some ether in it, you can go here, deposit some ether to create a "CDP", and generate a smaller amount of Dai. At any time later, you can return the Dai to get your ether back. All of these rules of depositing/withdrawing/generating Dai are written in Ethereum smart contracts, meaning that it doesn't rely on some company or individual to keep running.

DAIHard

DAIHard is another system built on top of Ethereum smart contracts. But rather than being another cryptocurrency, this is a more "user-facing" app. Its purpose is simply to provide an unstoppable, global mechanism for a user with Dai to sell it for local currency, or for a user with local currency (and a small amount of Dai) to buy more Dai.

The tool is essentially a matchmaking platform, where Dai sellers can connect with Dai buyers, where they've agreed on a price, a local currency type, and a means of transferring the local currency. Even though you're dealing with a stranger, the system is built such that scams should always be harshly punished, and therefore should rarely ever be attempted.

Our launch post is a pretty good intro into what DAIHard does and why it's important in general, and this usage video should give a good picture of how it's actually used (although the interface has changed slightly since then). If you want to get technical about why the threat of burn exists, and how we can expect the whole thing to work, see the game theory post.

Finally, you can go see the app itself, but if you want to open or commit to any trades you'll need to install Metamask or some other web3 plugin.



The custodial middle ground / trade-off

Lets face it, storing bitcoins safely is still a pain for the average Joe and this still presents a hurdle for mainstream adoption. Until UI/UX improves to a level that all but eliminates this hurdle we will still contend with this issue, if it ever will. The average person just wants to log in with a username and password and see money with very little or no risk of it being gone (in the event that it is gone, there is some insurance). Custodial wallets have the risk of the providers just disappearing, seized or getting hacked. Non-custodial wallets means the owner has to think up ways to store the mnemonic seed; paper, metal, stone, encrypted file, brain?? Stress!!

I have a solution; still vague in my mind as I do not currently have the time or technical ability to pull this off. A second layer network built on top of bitcoin, lets call it Hunter. This will basically be a backup for seeds where seeds will be encrypted using a user's password and maybe another easily derived number and the cipher will be divided up and stored on other nodes on the network. The nodes to be stored on will be derived pseudo-randomly from the password (and the number) therefore each node will either not have a user's encrypted seed or will just have a very small part of the encrypted seed stored. The pseudo-random algorithm will give a different set of nodes if the number of nodes in the network changes from the time the user stored the encrypted seed.

Now if the user loses or forgets the seed, the user can get it back by scouring the network, of course, by paying other nodes a small amount of bitcoin to retrieve the portion of the encrypted seed (hunting). The trick here is to ensure that the pseudo-random sequence makes it more probable for a user who knows the password to contact far less nodes than an attacker who is engaging in a system wide hunt (brute forcing) thus paying far less bitcoin to nodes to retrieve the seed than the attacker.

Problems

  • Password re-use
  • Nodes can lie they don't have the data requested even though they do ensuring you come back and pay more
  • Nodes can provide false data ensuring you come back and pay more
  • An attacker can infect all nodes on the network wiping out data on all nodes
  • A well financially resourced entity can buy out all the nodes

There are other problems but I cannot remember them now. I assume employing RAID and smart contracts will minimize or solve some of these problems.

Also if someone will be kind enough to drop a formula to calculate the security of your backup on this network based on the number of nodes in it.

RAID https://en.wikipedia.org/wiki/RAID