Announcing Passage of STP 6: Archimedes Proposal on τBitcoin Initial Liquidity and Airdrop Parameters

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https://preview.redd.it/bi9byedj2bp61.png?width=700&format=png&auto=webp&s=567bde28b07892f467c92ed3e5e272cb04f94cbf

Dear Community，

On March 23, we launched STP 6: Archimedes Proposal to decide the initial liquidity and airdrop parameters of BTCST’s first synthetic asset, τBitcoin.

STP 6 has passed with overwhelming support of the community. See voting results here. The team will now implement STP 6 by preparing for τBitcoin’s initial liquidity event and airdrops as part of our development of dApp v2. It will take about one week for the work to complete. We will announce the exact launch dates soon.

Community voting proposals are an important part of the BTCST ecosystem governance. The BTCST team takes into consideration the opinions of every community member. We sincerely thank you for your continued support of the BTCST ecosystem and your active participation in the proposals of the BTCST community. If you have any questions or ideas regarding the BTCST ecosystem and development, you can leave your feedback through the Telegram community channel via this link: https://t.me/BTCST_Community_EN.

Standard Hashrate Group

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Coinbase call again and repeatedly tap zero to try and get an operator. No dice. A minute later Coinbase get a duplicate text message

Thank you Bull and Bear trading for the great response

The Short Attack Was Misguided, But SOS Ltd. Remains Wildly Overvalued

Mar. 25, 2021 11:31 AM ETSOS Limited (SOS)ARBKF, BFARF, GBTC...29 Comments6 Likes

Bull & Bear Trading

Today, 7:14 PM

Marketplace ContributorPremium

Comments (2.42K)

@Post Hoc Analytics This is perhaps the single most bizarre piece of disinformation that I have ever seen published on SA. I love SA and its group-sourced model, and I have been a contributor since 2016. However, a weakness of the SA model is that any random character can open a brand new account with SA, and then publish 1 hit-piece in an attempt to influence the market to the short side. This is exactly what you have done with the pseudonym that you are using. All readers want to reference the fact that this clueless hack just opened his account with SA, and this is the one and only "article" that he has published. Now that we know a lot about your personal motivations, let's move on to shredding your attempt at spreading FUD through the use of bogus disinformation: This so-called article is mostly a rambling stream of consciousness that unfortunately found a keyboard... and its way onto a very valuable platform called Seeking Alpha. Your effort to bash a very special, young, growth company is an inexcusable attempt to promote your self-serving short interest. I am a long/short trader that was, in fact, short SOS above $16 in the pre-market. Obviously, the short worked and I made a very nice profit. While I was short SOS, I began doing my due diligence on the company. Of course, the first impression back then was, "Chinese stock with many questions." All of those initial questions were easily answered by anyone who was willing to put in some basic research work. I learned SOS was legitimate. During my research I learned much more about SOS, and being old-school with 34 years of experience in the market I Googled Doug Brown and I called him on a Friday afternoon when he happened to answer his own phone. We spoke for 20 minutes. I had already covered my short and gone long shares of SOS by the time I wrote my first of two articles on SOS. Doug Brown, who sits on the board of directors at Transamerica Corporation, was a vice-chairman at Morgan Stanley, and has decades of venture capital experience in China was very informative during our conversation. After I spoke with Doug Brown, I immediately began adding to my initial purchase and I have built a significant position in SOS. For anyone who is unaware of who Doug Brown is, the man is semi-legendary on Wall Street and for his venture capital success in China. Doug is now the Chairman of the Board for SOS, Limited. I am also in contact with Russell Krauss who is vice-chairman of SOS's board, and has had a distinguished career that included his senior vice presidency at Hewlett-Packard. I was early on Netflix when they first began streaming on demand. I was a subscriber to the service when they used to mail out DVDs. The advent of streaming was clearly going to be big. I built a position in NFLX when the stock was single digits. Netflix was a wealth builder for many investors. I mention Netflix because SOS fits the same mold of pioneering new technology upon the base of a successful core business. SOS is so much more than just a successful crypto miner as this character hiding behind this bogus "article" would have you believe. The company is doing pioneering work on blockchain-related technology, and also "De-Fi" (decentralized finance) that the company has a brilliant, greenfield, global opportunity ahead of it that literally does not have a future ceiling within sight. SOS very much has the potential to become a wealth-building stock for current investors. Here is why: The character who somehow managed to sneak this hit-piece past SA editorial tries to mislead readers by intentionally choosing to leave out the triple digit revenue growth, and profitability, being delivered by the core business at SOS!! Please read that material statement of fact again, and consider who would choose to leave out an entire 60% of the company's existing, core revenue growth. This intentional omission is inexcusable. We all appreciate an honest bear thesis. That genuine type of honesty is helpful for bulls to understand the risks of any given stock. What this rascal has chosen to do is something far different. How can anyone assign a shred of credibility to this individual when he intentionally chooses to leave out the company's primary source of revenue that was pre-announced on 12/20/20 by the company as delivering triple-digit revenue growth YOY from 2019! This is not what we want to see on SA, or in our public markets. Intentionally leaving out the $49.5M in revenue from 2020 that was up by about 300% from 2019 is less than credible. Furthermore, $39M of this revenue came from 2H2020 as the new business model has begun ramping up. Better yet, the company gave guidance that they estimate forward revenue growth in 2021 from the core business alone, to increase by 286% to about $141M! You chose to leave ALL of this hugely important factual, material, tremendous revenue growth out of your dishonest hit-piece. That is not what we want on the SA platform. You also intentionally chose to omit the company's third stream of revenue that will be emerging from the cryptocurrency financial services division in 2021. You omit 100% of the revenues from the company's pre-announcement of 2020's triple digit growth. You omit more than 60% of the company's forward core revenues in 2021. You also omit the company's emerging 2021 revenues from the launch of the crypto financial services division. You fail to mention that the triple digit revenue growth in 2020 will likely increase to about 500% revenue growth in 2021. You fail to mention that the company is increasing profitability, has over $300M in cash (nearly $2.50 cash per share), and has zero debt! How many items of material information does a one-article-wonder in a new SA account have to omit before we all understand the type of individual that is hiding behind this bogus "article?" You manipulatively type the word "dilution" three times in succession, but fail to mention the success of the February recapitalization now has the company flush with cash in the amount of nearly $317M at the time the offering was completed. Do you think a small cap having over $300M in cash is a material piece of information? Most of the reasonable people who have experience in the stock market think $300M in cash at a small cap with zero debt is noteworthy. Are you certain that your meandering ramble was accurate about you having any experience at all on Wall Street? Because most actual Wall Street veterans think that triple digit revenue growth, profitability zero debt, and over $300M in cash is worth discussing in a "research article" on a stock. Do you think that SOS is going to park that $300M in a money market, or do you think it will be used to generate greater revenues? Are you aware that the timeline of SOS pre-announcing its 286% growth for 2021 was made 2 months prior to the event of raising $317M in February 2022? Did you consider it possible that SOS may be able to increase revenue growth with this war chest of cash? Did you know that SOS began receiving miners in February 2021 as well, when the 2021 guidance on revenue growth was made in December of 2020? Neither the capital raise of $300M, nor the launch of crypto mining operations is likely factored into the 2021 forward guidance for growth because neither of this hugely significant events had occurred at the time that the 2021 forward guidance was given. This didn't occur to you?... or you just chose to omit this material fact, as well? From your vast and valuable Wall Street experience, what exactly do you think that SOS is going to do with this $317M in cash, plus some number of additional millions in profits from operations? Here's a wild thought that may have escaped your veteran analytical abilities: how about, Buy More Miners! You go to great lengths to try and diminish the revenue generation that SOS is ramping up from the initial fleets of miners purchased. The revenues from these early miners at SOS will accrue to the top line for earnings reports just the same. Possibly, SOS is now awaiting the confirmation of a purchase for additional miners that will continue to increase the revenue ramp higher, even after the 3rd fleet of 5,600 miners is delivered ot SOS. 15,600 miners is not likely to be the end of crypto mining growth when the company has a $300M+ war chest to deploy. Maybe your veteran experience didn't think of this obvious point. SOS could possibly surpass the kind of successful performance that MARA and RIOT delivered in recent months. SOS could actually become a 10X bagger trade in the next 12 months based upon revenue growth. SOS could become a 20X bagger in the next 24 months, imho. Perhaps the most significant bullish catalyst of all for SOS may now be developing in its pioneering work on blockchain, and also in cryptocurrency financial services. The launch of this nascent division at SOS now has the potential to be game-changing for the entire global cryptocurrency industry. The potential for growth from this newest division at SOS could be tremendous. What's more, any veteran Wall Street investor understands the value of igniting the imagination of investors with a future growth "story stock." Netflix was that kind of stock when I bought it in single digits. My dad was an electrical engineer and I remember him buying the first Apple Mac in 1984 as an early adopter of technology. He loved the Mac so much, that he then bought the stock of Apple and passed those shares down to us as 2nd generation shareholders. Finding ideas that build wealth, and buying them early on in the single digits, is the key to empowering an investors to become financially independent in their lifetime. Some of us remember when fools were saying that computers were a fad. Apple shareholders knew better. I remember being a stockbroker for a NYSE-member firm when prospective clients would tell me, "The Internet is a fad." No Mr. Jones, sorry you didn't buy Amazon after its IPO when I called you, but I bought AMZN for my own account when it was only an online seller of books! Amazon being "the river of knowledge" that this bookseller sold to its customers. Shocker: the Internet turned out to be a really strong fad after all. There were chatrooms filled with bears who told me that Blockbuster Video was going to crush the upstart Netflix company. I disagreed and bought shares of NFLX in single digits and held them for years until they split 7 for 1. I posted articles on MARA and RIOT here on the SA platform, and in my Trader's Idea Flow marketplace service on SA when these stocks were single digits last year. I also posted an article calling for "HODL Bitcoin to $50,000" on 3/8/19 when BTC was $3,913 per coin. I stated my belief that BTC would reach $50K in 2020, so I was late by 2 months. Now I have built a significant position in SOS. We have watched the SOS bear thesis evolve from: SOS doesn't exist! ... to SOS has a funny IP address, and they all live in a hotel that a lady said had no office space! ... to the crypto miners don't exist! ... to now the bear thesis has devolved down to being, "I think the miners might be slow, so revenue growth might only be 300%, instead of 500%, because I won't tell you about 60% of the company's revenue growth!" Seriously, this has been the evolution of the bear thesis. Never in my 35 years on Wall Street have I heard of such bizarre insanity from the bear camp. Perhaps bears underestimate the new investors who have come to the market in the last year, or so. That is a serious mistake because I have watched many of these new investors learn faster than Neo in the Matrix movie. Plug these newer investors into that neural brain scan chair and watch them learn Kung-Fu, or weapons systems, or how to trade stocks! lol. Just like Neo and Trinity in the Matrix. The veterans and the newer traders all understand how triple digit revenue growth will cause an increasingly profitable small cap, with zero debt, that is stacking up BTC and ETH daily in their vault, while deploying over $300M in cash to build explosive growth for the foreseeable future... ... and while that along can take SOS to $60 per share in 2021, and $120 per share in 2022... the real wild card catalyst that could make this SOS stock become a wealth-builder, like NFLX, this is the pioneering work on De-Fi, blockchain, and crypto financial services that the team at SOS has just launched. If you want to see a small cap stock grow wings... then go ahead and show the market a new technology for the future of cryptocurrency that no other company has... do you want to hear the pea-brains of bears go, "Snap, Crackle, POP!" Then stay tuned and watch as SOS brings game-changing technology patents to market, as it delivers 500% revenue growth from its core business and crypto mining. This is going to be a long, and profitable ride for SOS bulls. I am wondering if this character who wrote this hit-piece article on SOS is one of those NFLX bears who thought Blockbuster Video was the winning choice when streaming first launched? Some jokers just never get it right, okay? GLTA and best wishes for continued success!

My area has experienced multiple extreme weather events in the past few weeks. How would you protect your Bitcoin from things such as floods, hurricanes, or tornadoes?

No text found

My area has experienced multiple extreme weather events in the past few weeks. How would you protect your Bitcoin from things such as floods, hurricanes, or tornadoes? (x-post from /r/Bitcoin)

https://www.reddit.com/r/Bitcoin/comments/mddv8q/my_area_has_experienced_multiple_extreme_weather/

NFT Startup - building a team

***ADMIN PRE-APPROVED**\*

TLDR: I'm currently exploring an NFT-based SaaS startup (link) and looking for interesting individuals to speak with as detailed below - designers, marketers, engineers, investors, experts, influencers, etc.

Long story...

I recently posted in r/cryptodevs about my startup and thought I would also share it here for those interested. More here and here

I have been in crypto for a while (see about me below) and many more years in tech. I have been paying attention to NFTs recently. Some observations that seem obvious to me:

1. NFTs are still overly complicated for the average maker
2. NFTs are getting a bad rep already
3. Gas fees are dumb. Yes, I know Eth upgrades and also some say high fees keep pumpers out. Still, this needs to re-visited for longevity.
4. How publishers rent/use the art isn't well thought out. At the moment, it seems mostly based on speculative pricing

The future: Taking a page from Elon's book, I have asked myself, "what will the NFT market look like in the future?"

The solution: One thing seems inevitable; a drawing app with NFT tracking, minting, verification, wallet, time machine, art rental, and more, all baked in natively. Some drawing apps for reference here.

What if makers were "making in public"? What if every brushstroke was a blockchain entry (or held in an event stream)? What if art wasn't just priced solely on market demand but also on the quality of work, effort, time, social presence, previous work, and more? What if artists could branch files into multiple editions?

Done right, this could allow collaboration on art pieces, sharing drafts to build an auction queue, videos of progress, communities around art (twitch), branching (ala GitHub) of the art to create different editions, printing in real life (t-shirts, hats, canvas prints, etc), selling source (think colouring book) for other artists to innovate on top of, bidding using different tokens and coins, all through a single app.

What stage I'm at: Building a core team right now - primarily engineers, but also artists, makers, and ux designers.

Sound interesting? Great.

What I'm looking for...

1. Tech co-founder. Ideally a full-stack senior Engineer with blockchain/NFT expertise that is a CTO now, or ready to take that title in the near future.
2. App Designer and UX person that has built tablet apps before - Adobe or similar exposure is a plus.
3. Marketer. I'm pretty adept myself but looking for the right leader to take over and setup/run.
4. VC's or early investors that believe in this and want to get in early
5. Influencer in the NFT or crypto space.
6. Connector that can soft intro me to investors, VCs, or NFT entrepreneurs.
7. NFT entrepreneurs that are actively building in the NFT space now.
8. NFT artists or collectors that are doing NFT already and have a pulse on the future of NFTs.
9. Anyone with NFT expertise or experience that can share insight or get onto a conversation to speak about this further.

Ideal customer: Makers that just want to make. Ones that want an easier way into the NFT space and believe that fair and transparent pricing is important.

Founding team compensation: at this stage, sweat equity but to bring this into reality, will take investment and forming a team. Typical "fiat" scenario: slicing pie, cliffs, vesting etc. Done via an ICO (my preference) this needs further discussion. Some combination of locked liquidity, maybe token burning, almost certainly dev wallets, etc. I don't have precise answers here and open to convos about it.

If you are in one of these categories I describe, or if this project interests you, please get in touch. I'm open to DMs and want to move this idea forward.

A little about me: 25+ years in the tech industry, launched an ALT coin in 2012 (no moon), launched a coin-minting agency in 2016 (no crypto expertise - abandoned), more here, ghost-written patents on video streaming and CDNs, a Product guy, consultant to other founders, a founder.

Currently, a Technical Product Manager for a startup. Want to know more? DM me or visit http://mayur.ca

A few suggestion about the bitcoin issue that I haven't seen being mentioned anywhere:

Right now most of the in-game economy revolves around the bitcoin and bitcoin farming, in case you are newto the game or just didn't know tarkov's bitcoin price is linked to IRL bitcoin's price and this makes it have a dynamic price, this is a really cool idea and I'm glad they tried to implement it but is clearly not working as expected so I wanted to put a few suggestion here.

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1. Delete the link to IRL price and link it to in-game events: The devs clearly don't want to throw away the dynamic price mechanic and I respect that BUT what if instead of it being linked to an IRL price that BSG can't control it was used as a tool for them to adjust the economy as needed? Imagine a future wipe where there is way too much money coming in for some reason (more players generating money, a new map with unbalanced loot...) BSG could then push and event of something like "Someone has hacked into Terra group's crypto wallet and that has caused the bitcoin and GP coin to crash in price. Effects of the event: Bitcoin will be worth 50k for an unkown time" or imagine they push scarcity too far and need to bring more money into the game because none can even progress they could make an event like "The conflict in the tarkov region has pushed the outside world economy to invest in bitcoin because its easier to trade through the blockade using crypto (idk if that would make sense its just a random example). Effects of the event: Bitcoin price has skyrocketed for a short period of time and its now worth 600k". This would both keep the dynamic price mechanic and give them a way to manipulate the economy of every wipe as needed to avoid something like the current one from ever happening again.
2. Use bitcoin as special and very rare currency on top of being an item that can be converted to normal money: This one is more crazy and probably a mess to program but I'll suggest it anyway. Since they are planning to make traders be at a physical location inside the maps why not add something like black market outpost that have a random chance of spawning at the start of a raid at different places? I imagne this somehow being linked to Fence since he is the "shady underworld trading network guy", this trader would have a safe area surrounding it where you can't enter if you are in combat and can't perform ANY action while inside (no healing, no shooting, no reloading, no packing mags...), the trader would offer top tier items in exchange of bitcoin and GP coins and after being bought those items would be transfered directly into your stash via somthing like prapor's insurance, also if you buy something you would be able to use the "premium extract service" and extract directly from the trader to avoid people from trader camping. The items sold by this trader would be randomized every time it spawns and it would sell things like top tier armor/ammo, labs cards both entrance and colored kappa items that have the found in raid status and it could even sell items that are currently on a shortage like what happened with the fuel. Maybe even a service to extract your secure container alone in exchange for a few GP or something.

I don't know who is going to read all of this or even take the time to respond but thank you, I hope you have a really nice day/evening/night, and if you are a developer I hope you liked something about any of the 2 ideas I had or that it gave you an idea to adjust the bitcoin.