Winklevoss Twins bullish on Bitcoin and Ethereum - own ...

Winklevoss Twins bullish on Bitcoin and Ethereum - own huge stake in ETH

Winklevoss Twins bullish on Bitcoin and Ethereum - own huge stake in ETH submitted by Pandora_Key to ethtrader [link] [comments]

Winklevoss twins on Bitcoin: Time to work with the Feds -- Cameron and Tyler Winklevoss, who parlayed Facebook cash into a multi-million dollar Bitcoin stake, say making money means working with the Feds. Meanwhile, the Bitcoin Foundation is about to hire its first D.C. lobbyist.

Winklevoss twins on Bitcoin: Time to work with the Feds -- Cameron and Tyler Winklevoss, who parlayed Facebook cash into a multi-million dollar Bitcoin stake, say making money means working with the Feds. Meanwhile, the Bitcoin Foundation is about to hire its first D.C. lobbyist. submitted by davidreiss666 to technology [link] [comments]

On-Chain Metrics Show Ethereum Addresses Grow 350% From 2018 Figures

Ahead of Ethereum’s move to staking after its 2.0 “Serenity” update, investment and wallet activity on the network is increasing. The protocol has received a boost in recent times, driven by both institutional and technical factors.

ETH the Preferred Crypto?

Developments last month, and this, have primed Ethereum as an attractive crypto-investment, ahead of other altcoins and Bitcoin. Institutions have invested in and adopted the underlyingblockchainto create their own DLT-centric products.
Even Tyler and Cameron Winklevoss, popular Bitcoin “maximalists” and founders of the Gemini Exchange, hold “large and material” Ether amounts, the twins revealed to Camila Russo of Defiant last week. They admitted leading a significant effort to acquire and “large” amounts of the altcoin after its launch in 2015.
On-chain metrics for Ethereum are booming. Insights byGlassnode, a blockchain and crypto analytics firm, show ether wallets have grown 350 percent since the currency’s all-time high value of $1490 in 2018.
The firm statedvia a tweeton May 25:
There are now 40 million #Ethereum addresses holding #ETH. That’s an increase of more than 350% since $ETH saw its ATH price in early 2018.
(Source: Glassnode)

DeFi May Be Reinvigorating ETH

DeFi projects may have to do with Ethereum’s increased popularity and the surge in wallet addresses. At the time of writing,data on Defi Pulseshows BTC-pegged ERC20 tokens, such as Wrapped Bitcoin and tBTC, outnumber the actual bitcoin stored on the latter’s lighting network.
Other projects are adopting the Ethereum blockchain for pegged currencies as well. MakerDAO, which recentlydiscontinuedthe SAI token, issued $4 million worth of DAI on Ethereum last week.
Tweeting aboutthe above development,MakerDAOfounder Rune Christensen told the transaction was “extremely” bullish for Ethereum’s long-term value proposition, adding:
*“This really showcases the latent demand for non-ETH assets, and it’s the beginning of a broader trend of DeFi acting as an economic vacuum that will eventually attract almost all value to the Ethereum blockchain.”*
Prominent investors are recognizing Ethereum’s value as well. Andrew Keys, partner at Digital Asset Management Advisors,wrote in a ConsenSys blogin January 2020 that the protocol’s market opportunity is “estimated at well over $80 trillion.”
Similarly, Spencer Noon of DTC Capitalbelievesthe public demand for ether tokens and the Ethereum blockchain has a significant connection.
There is a growing link between Ethereum utility and ETH demand. ETH miners have captured $3.5M in fees over the past 30 days,” said Noon, adding “we can see that the demand for block space is mostly driven by stablecoins and DeFi, which together account for >63% of fees paid. Like BTCMANAGER? Send us a tip!
Our Bitcoin Address: 3AbQrAyRsdM5NX5BQh8qWYePEpGjCYLCy4 *
Source: https://thedailyblockchain.news/2020/05/26/on-chain-metrics-show-ethereum-addresses-grow-350-from-2018-figures/
submitted by iMakeWebsites4u to daily_blockchain_news [link] [comments]

Beginner’s Guide to Exchanges – Part 1

Beginner’s Guide to Exchanges – Part 1

Hola Compadres! It is me u/poop_dragon here with another guide. Today I would like to run through a list of ETH exchanges. This is just Part 1 of this list, and it covers established exchanges. Soon I will post Part 2 and 3 which will go into some other types of exchanges (derivative markets, coin converters, decentralized, and foreign exchanges) Side note, I have given rating to these exchanges based on some comparisons, news, and information which I have found online. Recently, EVERY exchange has been slow/unresponsive in their customer service due to the huge influx of new users. My intention is to help educate new users about the exchanges available. I am not trying to discredit, advertise, pump up, or damage reputations. If you feel something is inaccurate, please respectfully bring it up in the comments. I will be editing as we go. Last thing of note, I have only included the lowest level trading tier to calculate trading fees, which assumes the highest rates. Most exchanges offer lower fees for bigger orders, but I have gone with the assumption that everyone here is not dropping whale amounts of cash.

00 – Concepts and Definitions

01 –Digital Exchanges

Poloniex

Exchange Type Maker Taker
All Currencies .15% .25%
Feature Details
2FA Google Authenticator Available
Wallet Security ‘Majority’ of Funds in cold storage
Personal Information Encrypted and Stored Off-Site
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Level 1 X X $2,000 USD Daily Withdrawal Limit
Level 2 X X X X X X $7,000 USD Daily Withdrawal Limit
Level 3 X X X X X X $25,000 USD Daily Withdrawal Limit
Level 4 X X X X X X X X >$25,000 USD Daily Withdrawal Limit
What is a KYC? It stands for Know Your Customer Documentation. This varies between exchanges. However, like most things, if you have to ask, you probably can’t afford it.

Bittrex

Exchange Type Maker Taker
All Currencies .25% .25%
Feature Details
2FA Google Authenticator Available
Wallet Security Multi-stage wallet Majority’ of Funds in cold storage
Personal Information IP Whitelisting restricts trading from new addresses
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Basic X X X 3 BTC or less daily
Enhanced X X X X X X 100 BTC or less daily

02– Fiat Exchanges - USA

Coinbase (GDAX)

Country Credit/Debit Linked Bank Account Wire Transfer
Australia 3.99% - -
Canada 3.99% - -
Europe 3.99% 1.49% SEPA- Free (€0.15)
Singapore 3.99% 1.49% -
UK 3.99% - SEPA Free (€0.15)
US 3.99% 1.49% $10 Deposit / $25 With / ACH Free
Exchange Type Maker Taker
ETH/FIAT 0% .30%
ETH/BTC 0% .30%
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Level 1 X X X
Level 2 X X X X X Crypto Only
Level 3 X X X X X X X Fiat Enabled
Level 4 X X X X X X X X Higher Fiat Limits
Feature Details
2FA Google Authenticator, Authy, SMS
Wallet Security 98% Assets in Cold Storage
Personal Information 3rd Party Verified, Secured, Stored Offline
Digital Currency Insurance Fully Insured by Lloyd’s of London
Fiat Insurance Up to $250,000 by FDIC
Bug Bounty Multiple bounties up to $10,000

Kraken

Country Linked Bank Account Wire Transfer
EUR Free SEPA €5-10 (€0.09 Withdrawal)
US Free SWIFT $10 ($60 Withdrawal)
UK Free SWIFT £10 (£60 Withdrawal)
CAN Free SWIFT Free ($10 Withdrawal)
Exchange Type Maker Taker
ETH/FIAT .16% .26%
ETH/BTC .16% .26%
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Level 0 X No Trading Allowed
Level 1 X X X X No Fiat, Unlimited Crypto
Level 2 X X X X Fiat $2,000Day/$10,000Mo
Level 3 X X X X X X Fiat $25,000Day/$200,000Mo
Level 4 X X X X X X X X Fiat $100,000Day/$500,000Mo
Feature Details
2FA Google Authenticator, Master Key Available
Wallet Security Majority Assets in Cold Storage
Personal Information PGP Encrypted Emails, Global Settings Lock
Digital Currency Insurance Maintain Full Reserves
Bug Bounty Multiple bounties

Gemini

Country Linked Bank Account Wire Transfer
USD Free Free
Exchange Type Maker Taker
ETH/ALL .10-.25% .25%
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Individual X X X X X X X None - Except for ACH
Feature Details
2FA Google Authenticator, Authy Available
Hot Wallet Security Hot Wallet Hosted by Amazon Web Services
Cold Wallet Stored in 2 tiers of cold and 'cryo' multi-sig storage
Personal Information Encrypted in Transit and Stored Offline
Digital Currency Insurance Fidelity bond by 'top-tier insurance company'
Fiat Insurance Up to $250,000 by FDIC

03– Fiat Exchanges - Hong Kong

Bitfinex

Country Credit/Debit Bank Transfer Express Bank Transfer
ALL - .1% ($20 Minimum) 1% ($20 Minimum)
Exchange Type Maker Taker
ETH/ALL .10% .20%
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Individual X X X X X X (2) X X No Stated Limits
Feature Details
2FA Google Authenticator, Twilio Available
Account Security New IP Addresses locked for 24 hours, require verification and detection
System Security Hosted and Backed-up on Linux, protection from DDoS
Personal Information Email encryption with OpenPGP
Wallet Security Only .5% of funds are stored in hot wallets
EDIT : Thank you to u/Ginger_Bearded_Man for the suggestion. Bittrex has been added.
submitted by poop_dragon to ethtrader [link] [comments]

The Story of ICODOG, November Progress Report

Crashing through the support lines like a Boss
If you are reading this, then your awesome! ICO DOG started off as a simple twitter channel in January 2018. People started to follow the dog, because we provided useful insights into ICO investing and whitelist links. Back then people still had to race everyone else to get into these things, before they would dump hard. In February we then had the first guys asking us to make a telegram chat room for the community and use primablock to pool funds together to send to such projects. It was a very exciting time to see ICO DOG brand grow so organic. After that, the market crashed 20% every single day. That was a rough period. To be honest, the whole year was a stony road. Several people came together, that were very active in the telegram channel and formed a team. It was like a mini DAO. We had review & marketing guys, tech guys, lawyer team and all that happened by itself on Telegram. We build the first Presale Platform, created a cool UI for users introduced a level system to build the community and later even added master nodes. However, things just became more and bleaker. As Bitcoin fell closer to $3000 more people left and the group became silent. Sounds like a sad story right? Well, every good storyline has a downturn, followed by a boost of motivation to get through all the shit. A few months ago, we decided that the ICO space became a bit too scammy in 2018. We started to become more selective with the investment choices and eventually stopped pooling altogether. Pooling was about winning together, and it’s not fun if everybody loses. We started to look into other forms of revenue that we can build up to keep us over water until the bear market is over. What we love to do the most is community building, and community is the MOST important aspect of a decentralized network. The idea of blockchain was it to move from a centralized system to a decentralized one. This word decentralized is being thrown around on a daily basis although most people still do not understand what it means to change the architecture from centralized to decentralized. Most if not all big projects still have a very centralized structure going on with a few exceptions like Bitcoin, Ethereum & Steem.
Understanding decentralized Architecture
A decentralized architecture is fundamentally different to anything we know as of know. That’s also why it’s so hard to understand. Think of bitcoin as the first decentralized company. Let’s call it Bitcoin Crop. To help understand the Bitcoin Company metaphor, let’s say bitcoins properties are the products that this new decentralized company is producing. Common things said about Bitcoin is its decentralized, censorship resistance peer to peer money. These are often the terms used when people tell you why you should buy bitcoin. Bitcoin is the fastest growing asset of all time. Therefore Bitcoin as the first decentralized company is the fastest growing Company in the world, reaching an evaluation of over 300 Billion USD in less than 10 years. Although the Bitcoin Company is producing high-quality stuff, the products themselves are only as good as the sales, distribution, marketing and that where decentralized architecture kicks centralized companies ass. To make things even more complicated we now have to rethink what it means to be paid and to receive a salary. In a centralized company, build on the centralized architecture model, you work for your boss, who has a boss and that boss gets told what to do by some CEO who then has to take his others from shareholders. The money “trickles down” the food chain and by the time it reaches the bottom almost all of it is gone. Let’s compare this with the first decentralized company Bitcoin. In the Bitcoin company its a bit more complicated than that. In the early days of the company, if you want to work there, you actually have to pay the company first! Crazy I know! Think of it as some tribute to show your loyalty to the Network. The earlier you join, the less you have to pay, and the more of the company network you own. In the early days of Bitcoin Corp. most of the employees there were just engineers and a few crazy marketing guys. Things became a lot more interesting in 2013, when some important people started to work at Bitcoin Corp. People like the Winklevoss twins, Roger ver, Chamath Palihapitiya and many others bought a big share in Bitcoin Corp. and thereby earned the right to work for the Bitcoin. After that, Bitcoin Corp started to grow exponentially, because those new high-class employees had a lot of leverage and even more incentive to grow Bitcoin. The harder they would work the bigger the company would become and the more valuable there coins would be. This was the birth of the first decentralized payroll. Most of the mentioned people earned millions working for Bitcoin and are still working hard getting ETFs approved and spreading the word about it. Every person that owns Bitcoin becomes an employee at Bitcoin Corp. Everybody is rewarded for the work that anybody does, and everybody is incentivized to help grow the Bitcoin company.
Introducing a New Way of Doing Everything
A few months ago, we decided to build software to help ICOs build their own decentralized Networks. We called the system Proof of Engagement and called the Software the DAO Maker. Pun intended. Proof of Engagement is a concept that helps onboard new users and uses token bondage curves and community incentive to create an organic community of long-term token holders. We took our functions that we build to detect contributors in an ICO pool and combined it with our Point system to great a smart community program. The idea is that users can join the ICO before it starts and do community work, quizzes, and other services before the public sale ends. Once the tokens are unlocked, those users that joined the ICO will get their investment tokens + engagement reward tokens. Users can then continue to earn community bonus tokens monthly, but ONLY if they keep their ICO token in the wallet which they used for investing into the ICO. The monthly rewards increase with:
Time user holds the initially invested coins.
Time users hold their earned engagement tokens.
The total amount of tokens held by registered users.
The total amount of tokens user is currently holding.
Current users community level.
Monthly earned points.
All of these factors are added together, to give the exact value that a user will receive monthly. Put simply its a micro staking system, that rewards engaged users in tokens. The result is a dynamic token bonded community. People have incentives to build and help the network, the more experience that have the more tokens they will own, the more tokens they will earn. The system incentives loyalty and hodlers, while also makes it possible for new users to join the system and help the network to grow. For a deeper understanding on Dynamic Token Bonding Curves you can check out some publications on Token Economy here 
The best KYC & AML & CTF in Crypto
For the past months, we were talking to A LOT of KYC providers. We quickly came to the conclusion that most of them are scams. The state of Anti Money laundry in crypto is pretty scary. I lots of people will end up in court for violating the AML directives. Currently, most ICOs do not comply with KYC & AML laws. The EU currently requires to be compliant until the 4th EU AML directive, which will change in 2019. We are already compliant with EU AMLD5, which is not in force yet but already includes cryptocurrencies, we are a step ahead of the curve in the EU. Starting this week, we will introduce the new KYC & AML features on our Platform. We are using the newest system of machine learning to scan a users face and password as well as detecting an applicants voice, to generate a complete biometric signature of his application. We will be able to onboard KYC & AML application in real time and will be one of the first fully compliant with the new regulations of 2019. 
Updates to ICODOG Reviews
We changed the homepage for ICO DOG to show more crypto stories, reviews and post analysis. We are working on a more in-depth redesign for ICODOG.IO in 2019. We added a few new Blog sections namely, ICO Analysis and Post ICO Reviews and Crypto Stories. We want to take more time in 2019 to evaluate ICOs that concluded their Sale in 2017 & 2018. We are planning to make this a decentralized work effort with the help of Token Curated Lists (TCL). We will make a few posts about TCL in the next few weeks. ICODOG.IO is focusing on providing value-adding content, not the same stuff that the mainstream crypto outlets write about. This will be a really cool project that we are very excited to start next year and finish by end of Q1 2019. We welcomed 3 new writers to the ICODOG team and are trying to produce useful content every day.
New Partnerships & Business Development
Last month we Partnered up with several high-quality service providers as well as high potential ICOs. We will add all of the new partners on the Partners on the Partners tap of the updated website. Looking forward to building the new world with likeminded people.
ICO DOG Platform Upgrade 2.0
We been very busy and added a lot new feature on ICO DOG Investment platform. We are still in bug hunting so if you use the bug bounty tap on the platform to help us. We added some cool features that will make the life of many a lot easier. Automated twitter confirmation Users once a user connects their Twitter account in the profile section and starts generating tweets and retweets, these actions will be detected at midnight automatically. That means users do not need to click claim every day, but instead can earn points directly on Twitter. Reddit Automated Integration Users can now also join the Reddit campaign and generate threads and comments to spread the word about ICO DOG. We increased the team to help with the distribution of content among all the social media accounts. This should help you guys earn points quicker and easier as well as build a community on Reddit. For launching this new system we are increasing the points for reddit registrations by 3x. Ambassador Program We added an Ambassador Program for the ICO DOG community. We added Ambassador status to several people already that have been part of the community for almost a year and been working together through this bear Market. Ambassadors have special rights and access to social media accounts, discord reddit and will be informed about the latest updates.
ICO DOG COIN
We plan to introduce the ICO DOG Coin next year. This coin will be the fuel that powers all of the ICO DOG utility. Ambassadors will get monthly airdrops in the ICODOG coin depending on their contribution. Part of the revenue that ICO DOG will make goes into the coin via buybacks and token burns. As we are not raising any funds from nobody, the coin is cannot be considered a security. All new Features Summarized Following a few of the new features: + Upgraded pool system: – new wallet management – my pools is now a list (click the red sync button to update your pools) – record and track all the transaction you have sent, even from different address – improved overall working flow + Add reddit integration with auto check (it runs every day) + Weekly competition + Global real-time notifications + Two factor authentication support (Google authenticator) + Twitter with auto claim (it runs every day, no need to click Claim anymore) + Many other new features and bug fixes 
Summary
This year was rough, but we did not give up. The harder Bitcoin Dumps, the harder we work! Things could be better in terms of the market, but fundamentally ICO DOG is doing pretty good. We want to thank all those that have been with us on this amazing journey since the beginning. Crypto will change the world and we will help make that happen. If you like what we do please register on the icodogpool platform and shill this and other-other content! As always like, share and join discord & telegram.
https://icodog.io/crypto-stories/the-story-of-icodog-november-progress-report/
submitted by icocatapult to icodog [link] [comments]

In case you missed it: Major Crypto and Blockchain News from the week ending 12/14/2018

Developments in Financial Services

Regulatory Environment

General News


submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

Blockchain is a Lie — Just Another World Run by the Rich ???

Blockchain is a Lie — Just Another World Run by the Rich ???

Blockchain is a Lie — Just Another World Run by the Rich


https://preview.redd.it/iutln8o0g1j21.jpg?width=706&format=pjpg&auto=webp&s=09f1810ab6f679d61ec558dc1ef9089860cf8e52

Image: Bitcoin billionaires, The Winklevoss Twins

Follow the Money

More than just an alternative business model, blockchain represents ideology — a system in which the individual is no longer at the mercy of dominant institutions that control the flow of power, money, and data. If blockchain deteriorates into another world run by those who control the majority of the assets, it’s intent has been neglected and it has no reason to exist.

Within chains managed by Proof-of-Work and Delegated Proof-of-Stake consensus algorithms, this is the reality. Users tout decentralization, rights of the individual, abandoning banks and more, but then fall into a system promoting the very same values they are rebelling against.

PoW and DPoS are plutocracies in disguise. The former is at the mercy of firms that can afford the most hashing power, and the latter suppressed by those with the most currency.

Whoever can afford to mine the most controls the flow in PoW systems — there’s no room for the individual with a starter setup having a say. Either invest a years salary or get lost. In the DPoS system, the irony is even more baffling: the people with the most currency ultimately get to write history.

Is this still the blockchain world we want? Trading one system controlled by a ruling minority for another shouldn’t be in the discourse.

Steadying Blockchains Ideological Path

Blockchains growth will remain stunted unless the focus is shifted away from Proof-of-Work and Delegated Proof-of-Stake based consensus algorithms.

The November BCH hashing wars that produced two new chains via hard fork, BCHABC and BSV, left many speculating over governing issues within the PoW world. Differences in principles have made this side of the blockchain vulnerable — anyone with a large enough following is able to hold everyone else hostage. Chain sustainability isn’t guaranteed due to the ease in which conflicting parties can force a hard fork.

Those that preach DPoS put our future into the hands of 21 supernodes — corruption practically hard coded into the EOS genesis block. Everyone yearns for profit and power, making the have-nots pawns in the game controlled by those at the top.

https://preview.redd.it/rlr14523g1j21.png?width=990&format=png&auto=webp&s=7cf8205df04d39d94046c61b3fa942bf20689de7

A Blunt Account of Blockchain Management

Blockchain governance is defined as follows:

“The ways in which collective action can be achieved by public communities and key stakeholders — particularly those regarding the revision of past agreements. “

In view of the lack of a decentralized and de-identified digital platform supporting the “one person, one vote system”, the governance of the chain is often seen as a plutocracy — currency and computing power are king.

According to an article written by Vitalik Buterin, blockchain governance systems must be innately anti-plutocratic.

Not only is on-chain coin-based governance inconsistent with user interests, it is also antithetical to the ethos of public blockchains. The blockchain is for the public, to serve the public interest. It isn’t for cryptocurrency whales to get more rich. Cryptocurrency holdings (like wealth in global society) is highly concentrated in the hands of a very small number of people. The blockchain isn’t supposed to be owned by anyone… nevermind by a small group of super rich individuals. — Buterin

The interests of those who hold the wealth and those who actually use the blockchain are inherently different.

In theory, blockchain could provide an equal playing field where the world isn’t controlled by large institutions only acting for profit and belittling the rights of individuals. When power becomes concentrated by those holding the most currency or with the most hashing power, users who continue to praise these systems are working against their own interests.

The culture of blockchain implies egalitarian management. Anything else must be abandoned.

https://preview.redd.it/33cmf726g1j21.png?width=1170&format=png&auto=webp&s=6b013f14df05c987dedb4907b1f29fc338b1ecfc

Either we want it, or we don’t

The current state of blockchain is a farce. Either we want a new system where power is decentralized, or we don’t. Pushing the ethics of the centralized systems that have shaped our world for the worse within the blockchain space only perpetuates the virus that is elitism — sucking world of its resources and milking the chain for every satoshi it’s got.

The increased amount of ICOs in 2017 gave hope. Surely the competition would have promoted further developments — someone would have realised the bad traits trickling into blockchain- but only disappointment followed.

What should have been the start of a blockchain renaissance, turned into a money grabbing free-for-all, with scams, poorly designed products, and reckless teams becoming the norm.

But we do want it, we really do. We want the system as it was intended to be: quick, decentralized, egalitarian. A platform on which to build the next era of society.

This stepping stone comes in the form of Bitconch. Backed by Turing and Nobel laureates, offering 120,000TPS, anti-plutocratic governance, and an ecosystem based on egalitarian values, Bitconch has the speed, security, and morals needed warm the Crypto Winter.

Bitconch Solves the Issue of Governance

The Proof-of-Reputation (PoR) consensus algorithm developed by Bitconch creates a quantified reputation value (Bit-R) based on three dimensions: social behavior, currency holding time, and community contribution. Users with reputations within the top 5% then have an opportunity to take part in the consensus. This system more accurately mirrors the natural world — individuals who are more trustworthy, contribute to their communities, and build relationships with those around them are incentivised to continue doing so.

Money and the size of resources are no longer a consideration, which dissolves the power that the elite have over governing the chain and eliminates the possibility of bribery. Instead, there is room for devoted lower and middle class users to take part in the consensus, making the chain maintained by the people and for the people. The conflicting interests of currency holders and chain users, therefore, does not arise.

Reputation makes for a conscientious ecosystem and reduced conflicts of interest supports ecosystem sustainability.

https://preview.redd.it/2thjk0s7g1j21.png?width=2033&format=png&auto=webp&s=ea6d44f837959dd5bf57529ccc78d5a62699b731

Bitconch Solves the Speed Bottleneck

If the speed of the platform is not scaled to the needs of the users, usage will ultimately fall flat. A blockchain is meant to be used, and chains with slow speeds are simply not practical.

BLAZE (Bitconch Ledger Access Zero-delay Extension) allows for the simultaneous verification of multiple blocks through factoring the operation into five unique yet concurrent phases — fetching data, decoding, hashing, stating the change, and finally writing data. When BLAZE is coupled with PoR, the Bitconch platform offers 120,000TPS — making it a platform able to support extensive amounts of traffic.

https://preview.redd.it/1zgopb09g1j21.png?width=1064&format=png&auto=webp&s=311788e98e73dc56737f2c5be2a5dc89d30a749b

However, the current focus of the blockchain world should not be on pushing TPS speeds as high as possible. Developers and users alike have lost their way, once again falling victim to the very plutocracy that catalyzed the emergence of blockchain.

The ideology producing these platforms urges for the rights of the individual over the concentration of power in a few. It doesn’t matter if the flow of money is controlled by a few institutions in the current global economy or by a few mining firms in the blockchain world — once power is taken from the individual, we must dissolve the system.
submitted by dongchpp to BitConch [link] [comments]

DragonEx Roadshow Recap

DragonEx Roadshow Recap
In support of our new partnership, DragonEx Exchange invited Kambria Team members to participate in an exclusive online roadshow with both the DragonEx English and Chinese-speaking communities.
The event featured Kambria community managers Annie Wang (CH) and William Ryan (EN). Both sessions were focused and very active. Here is a recap of the conversation with William in the English channel; for clarity, the original text has been lightly edited for grammar and spelling.
Do you have any idea about Kambria? Today’s roadshow is mainly about Kambria’s project progress. and its future planning.
I understand the bulk of the conversation is going on in the DragonEx Chinese channel, but in case there are any English speakers here who are interested, we were recently listed on DragonEx. I met the team in May in New York City, and was very impressed with their professionalism. They are awesome people to know, and I am even more excited to now be working with DragonEx. They are a great exchange!
I wanna know, how is Kambria different from other AI projects?
Kambria is an open innovation platform designed to cut down and drastically reduce the time and cost it takes to innovate robotics, AI, and other frontier technologies. Kambria allows for innovators to collaborate on every aspect of the innovation process. So a company can host a bounty to utilize developers to help them build their ideas. This also allows for innovators to modularize their ideas and allow other innovators to utilize their work, and earn KAT in the process.
Can the Kambria project run without blockchain?
Kambria’s Open Innovation Platform is designed around the KAT token. It technically could work without a blockchain, but it likely would not because we all know that incentives are the basis for the work that most people do. So we use KAT to power the network, pay bounties, pay developers, companies, and innovators who contribute to the network.
The best way to achieve this is to use a decentralized blockchain with smart contracts. No one would contribute without incentives. That is the backbone to any healthy economy. That is why we believe we do need a token.
But how advanced is the project in terms of progress?
Currently, the features that we are focusing on are building out Github support to allow developers to import the githubs to build out the Kambria codebase, which will be utilized in the Kambria codebase, the backbone of the platform. Additionally, we are creating innovation hubs across the world that will allow roboticists and AI developers to come in and innovate new products.
What if a big company copies Kambria? Are there any barriers to competition?
There are currently no other companies who are doing what we are doing. Our platform encompasses every single aspect of the innovation process from concept, to design, to manufacturing, to sourcing materials, to production, to delivery. We will also not open source all of our intellectual property. Because of our experience with OhmniLabs, Kambria’s sister company, we have discovered ways to build robots using 3-D printing far cheaper than most have heard of.
Could you please introduce your team members to us?
Yes. My name is William, and I am the American Community Manager, and I have with me Annie Wang, who is our Chinese Community Manager.
Let me get you some info on the rest of the team. Let’s start with the top :)
Dr. Thuc Vu — Co-Founder & CEO — AI & Game Theory Dr. Thuc is a serial entrepreneur, with multiple company acquisitions, the last one by Google. He has deep expertise in game theory, tournament design and multi-agent systems. He earned his Ph.D. from Stanford and BS from Carnegie Mellon, both in computer science. Dr. Thuc is a social entrepreneur in Vietnam, involved in several community projects.
Dr. Thuc Vu, first of all, is just incredible to work with. He is the nicest man, but he’s also very talented. He is also a very generous person who sows back into the communities around him. He has created several foundations in the world to “give back” to people, including his very own VietSeeds Foundationin Vietnam that helps poor Vietnamese children get a great college education. He sold one of his companies to Google, and then created OhmniLabs, which is Kambria’s sister company. You can visit the OhmniLabs.com website for more information.
Here’s a pic of our founders with the OhmniLabs robot.
Our CTO, Jared Go, met Dr. Thuc Vu in college. They both attended Stanford University and Carnegie Mellon together.
Jared Go — Co-Founder & CTO — Robotics — Jared is an avid maker and roboticist, previously CTO and founding member at a networks startup. He has extensive experience in blockchain, AI, real-time graphics, VR, mechanical engineering and electrical engineering. Jared is a Stanford Graduate Fellow, and has a BS in computer science from Carnegie Mellon University.
Tingxi Tan — Co-Founder & CPO — Blockchain & Cloud Computing — Tingxi has a background in cloud computing, network infrastructure and distributed system design. He has been active in Crypto Investment since 2010. He was responsible for building the global scale cloud infrastructure at a networks startup. He graduated from MSc Computer Science U of Calgary and BSc Applied Math Western University.
Dr. Tra Vu — COO — Operations & Infrastructure — Tra has a background in Financial and Civil Engineering. She earned her Master’s in Financial Engineering and her PhD in Transportation Planning & Engineering from the NYU Tandon School of Engineering. Tra currently teaches at her alma mater and was responsible for leading her previous company in designing the first city-wide Transit Signal Priority system in New York City.
Tingxi, Dr. Tra Vu, and Jared are also just fantastic people to work with. The team is not only wildly talented, but also very pleasantly nice. It’s refreshing to see.
Is artificial intelligence a moral issue? How can I overcome this problem?
I believe it could be; however, it is up to us how we build such technologies. In our open collaboration system, everyone has the ability to solve this problem. If you want to solve it, you simply can participate in building it ethically.
Is the Kambria Innovation Platform open now in public?
Yes. The Open Innovation Platform was soft-launched in September 2018, and we are preparing for a full release this year. You can check out the platform here: https://app.kambria.io
I think artificial intelligence is a big trend: very good. Is there a potential market now? What are the plans for the Kambria project in the future?
AI is one of the fastest growing technologies in the frontier space. We already have hundreds of developers ready to begin working on the Kambria Open Innovation Platform, which is why we are so eager to finish our full launch of the platform, as well as our codebase. We are not far away. The full launch will be this year.
In addition, we are opening five innovation hubs across the globe, the first in Silicon Valley, California. We also working with major universities, including Stanford and Carnegie Mellon, to host hackathons in collaboration with the International Data Engineering and Science Association (IDEAS). Additionally, Thuc created the VietAI Alliance, which is dedicated solely to AI development. There will be several more of these that work with governments and universities in many different countries
I’m just a robotics engineer, but with no knowledge in Blockchain. How can I manage your platform? In our case, we have a team of robotics engineers and AI programmers, but they have no knowledge about Blockchain.
Follow up question: Do you have an infrastructure already in place?
The great news is that many roboticists such as yourself are not familiar with blockchain, and that’s OK! You don’t need to know how the engine of a car works in order to be able to drive it. It’s the same idea. Much of the blockchain underpinnings will be taken care of for you so that you can focus on innovation. Blockchain will primarily serve as the payment vehicle for bounties, services, and other functions on the network, such as staking coins, but the actual building of the product will be very familiar to you.
We do have an infrastructure ready and proven to be HIGHLY effective. Because of our experience with OhmniLabs, we have a “tried and true” method that we will allow other projects, such as yours, to utilize, and not just ours, but everyone else’s that uses our platform. It truly is open innovation for everyone.
I hope that the Kambria project will be carried forward in the future. I want to ask if the Kambria project is an artificial intelligence platform. Can Kambria help people with disabilities? They really need this project.
Yes!!! We love this. One of the verticals that we are focusing on is healthcare. Also, we build consumer robots, and robotic arms, which are very important for helping disabled people. It’s one of the use cases we are most passionate about. That is what robotics is for after all — making human life more comfortable and easier.
One of our robots (potentially) helped save an elderly woman’s life who had fallen. Her family was able to find her quickly and easily, preventing any further damage.
Is the Kambria Platform open now in public?
The platform is open to the public. Currently, you can vote for bounties, hackathons, buy robotic development kits, and explore the codebase, but there is much, much more coming in the short term this year. You may find it at https://app.kambria.io
Is Kambria currently based on ETH, and has Kambria considered the subsequent rise of the public chain.
Yes, we are based on ETH, but we are blockchain agnostic. If ETH, for any reason, cannot scale, we will look for a more functional chain.
Yes, ETH has been criticized for its slow processing speed. Has the Kambria project considered EOS?
We have considered EOS, and that would certainly be on our radar as one of the potential chains to move to, if necessary.
Could you tell us the history of Kambria, I am very interested in it!
Surely! Our founders started a robotics company in 2015. It was built upon the premise that to really accelerate adoption of robotics in the homes, a new type of company was needed. Being far away from home ourselves, they could relate to the need for affordable robots that bring families closer. So they set out to design robots with modular components, and utilize lean, toolless manufacture. To close the cost gap, they were ultra-focused on iteration speed. Reusability and integration were the cornerstones of their fabrication process, allowing for orders of magnitude, less capital spent, and a fraction of the development time.
Being able to foster an open collaborative ecosystem, where every contribution can easily be shared, manufactured, and implemented, will be revolutionary. Companies can benefit from the collective contribution from the community to build custom applications without having to employ teams of PhDs. End users can enjoy the higher quality of life potentially afforded by more available robot products and services. A combination of reduced costs, cutting-edge technologies, and swift delivery will spur rapid adoption of the Kambria platform by companies, developers, and manufacturers. This cycle of innovation will pave the way for the next wave of robots to provide immense value for people across the world.
Ohmni has achieved good results in the market, and the architecture behind it is indispensable. However, OhmniLabs development was not easy. Built from scratch, the establishment of laboratories, and the search for supply chain production, robotic startups was very difficult. In the difficult process of exploring Ohmni, an idea gradually formed: since there are so many barriers in the field of robot development, why not create an open platform where development, purchase, research, investment, and other needs coexist? It not only brings together talents from all sides but also promotes the development of robotics. In that thought proces, Kambria was born!
We named the platform Kambria, after the Cambrian Explosion, 500 million years ago, when an accelerated evolutionary rate gave rise to biodiversity and abundance. We believe this platform will be the catalyst for a similar explosion in intelligent robotics.
How many people are there in the Kambria project? Is there a blockchain related person?
Yes, our CPO is Tingxi Tan, has extensive knowledge in blockchain development. Additionally, we have a wide array of blockchain and full-stack developers. In total, our full-time staff is 20 people and growing. There are also many part-time employees as well! You can find most of them on our LinkedIn page: https://www.linkedin.com/company/kambria/
While we are technically a global company, our two main “home bases” are in Silicon Valley and Ho Chi Minh City, Vietnam, where much of the team is from. OhmniLabs is also in Silicon Valley.
Our advisor list is also quite extensive. I will list them here:
Prof. Manuela Veloso — AI & Robotics — Manuela Veloso is the Herbert A. Simon University Professor in the School of Computer Science at Carnegie Mellon University. Professor Veloso will be the Robotics and AI judge on the Kambria platform.
Simon Seojoon Kim — HASHED — Simon Seojoon Kim is CEO and founding partner of Hashed, a leading crypto fund based in South Korea. He is a Blockchain evangelist and organizer of Hashed Lounge, a premier Blockchain Seoul meetup community.
Loi Luu — Kyber Network — Loi Luu is a researcher working on cryptocurrencies, smart contract security and distributed consensus algorithms. He is also a regular invited speaker at Bitcoin and Ethereum workshops such as DevCon2, EDCON. Loi believes in the force of the Ethereum and Blockchain technology.
Roger Lim — NEO Global Capital — Roger Lim is an experienced angel and blockchain investor. He is the Founding Partner of NEO Global Capital and an advisor for projects like Bluzelle, Qlink, CoinFi, Thekey, Tomocoin, 0Chain, Switcheo, Open Platform, and nOS.
Long Vuong — Tomochain — Long Vuong is CEO and founder of Tomochain, a public blockchain infrastructure providing an innovative solution to the scalability problem with the Ethereum blockchain. He is often invited as guest speaker of many reputable blockchain events around the globe. Long and Tomochain will also be partnering with Kambria to develop an educational certification program in blockchain and AI.
George Li — WeTrust — George is an ex-Googler who previously co-founded CottonBrew, a Stanford StartX computer vision company. George has helped connect us with influencers and market movers in the crypto space.
May I know some recent news about this project?
In addition to our new Innovation Hubs, we launched our KAT token in December. It is currently listed on DragonEx, KuCoin, and Bitmart Exchanges. We also recently hosted an incredible event this last November where the Winklevoss Twins, and Joe Lonsdale, and several other high-level venture capitalists were in attendance. I will get you the video! :D
https://www.youtube.com/watch?v=t8y4MxyAvTc&feature=youtu.be — Enjoy! I know we did.
The Vietnamese government also attended our November event called Innovation, Community & Impact. It was a very big deal. We wrote several articles recapping the event if you’d like to read about it. I will drop the links from our latest post that contains all of our best top ten articles for last year.
https://medium.com/kambria-network/kambria-2018-beyond-9820242c86c1
Within that article, you can find a ton of information about our project.
Great, I hope that the Kambria project will be carried forward in the future.
Thank you! We want to change the world, and we are unique enough to do it. There is nothing in the world like Kambria. We aim to make frontier technologies WAY cheaper and easier to build. An estimated 85% percent of the work being done is considered to be “wasted effort.” Because much of the work is done in silos, that means almost everyone is doing “double work.”
We can modularize everything and allow the different pieces to be applied, thus saving a huge amount of time in the development process. Why create something from scratch when someone else has already perfected it?
Do you build great motors? AI logic? Robotic arms? You can allow others to use your innovations to build theirs, and earn KAT, promote innovation, get paid, and collaborate on a number of different ideas.
“We aim to make frontier technologies WAY cheaper and easier to build.” Yes, this sentence is very similar to what Xiaomi, the technology giant of our country said so that everyone can enjoy the fun of technology.
That’s what it's all about. Improving the quality of life so that we can focus on the more important things that life brings. Great questions by the way. You’ve been a pleasure to speak with this entire time.
We expect that you can change the world through artificial intelligence + blockchain. Thanks, William and Kambria.
You are very welcome. Please feel free to join our Telegram Channels. We do have a Chinese Channel as well. We’d love to see you there. I am going to post our channels. If you have any more questions, feel free to ping me or DM me directly. My inbox is always open.
We’d like to thank not only DragonEx Exchange for having us, but also to all of the community members who asked us such great questions!
[THE END]
About William
William Ryan is a part of the Global Kambria Community Manager Team, and a resident of Texas. He has been in blockchain since 2015, and has a strong passion for frontier technologies, including blockchain, robotics, and artificial intelligence.
The Kambria Team
Kambria Website
Kambria Whitepaper
Telegram (ENG) Telegram (KOR) Telegram (VIE)
Telegram (CHN) Telegram (RUS)
Medium (ENG) Medium (CHN)
Facebook Page Facebook Group
Reddit
Twitter
Steemit
Discord
Weibo (CHN)
Instagram
Email: [email protected]
KAT is a token to be used on the Kambria platform.
submitted by Freeme62410 to KambriaOfficial [link] [comments]

02-27 04:53 - 'Blockchain is a Lie — Just Another World Run by the Rich ???' (self.Bitcoin) by /u/dongchpp removed from /r/Bitcoin within 0-6min

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Blockchain is a Lie — Just Another World Run by the Rich


[link]1

Image: Bitcoin billionaires, The Winklevoss Twins

Follow the Money

More than just an alternative business model, blockchain represents ideology — a system in which the individual is no longer at the mercy of dominant institutions that control the flow of power, money, and data. If blockchain deteriorates into another world run by those who control the majority of the assets, it’s intent has been neglected and it has no reason to exist.

Within chains managed by Proof-of-Work and Delegated Proof-of-Stake consensus algorithms, this is the reality. Users tout decentralization, rights of the individual, abandoning banks and more, but then fall into a system promoting the very same values they are rebelling against.

PoW and DPoS are plutocracies in disguise. The former is at the mercy of firms that can afford the most hashing power, and the latter suppressed by those with the most currency.

Whoever can afford to mine the most controls the flow in PoW systems — there’s no room for the individual with a starter setup having a say. Either invest a years salary or get lost. In the DPoS system, the irony is even more baffling: the people with the most currency ultimately get to write history.

Is this still the blockchain world we want? Trading one system controlled by a ruling minority for another shouldn’t be in the discourse.

Steadying Blockchains Ideological Path

Blockchains growth will remain stunted unless the focus is shifted away from Proof-of-Work and Delegated Proof-of-Stake based consensus algorithms.

The November BCH hashing wars that produced two new chains via hard fork, BCHABC and BSV, left many speculating over governing issues within the PoW world. Differences in principles have made this side of the blockchain vulnerable — anyone with a large enough following is able to hold everyone else hostage. Chain sustainability isn’t guaranteed due to the ease in which conflicting parties can force a hard fork.

Those that preach DPoS put our future into the hands of 21 supernodes — corruption practically hard coded into the EOS genesis block. Everyone yearns for profit and power, making the have-nots pawns in the game controlled by those at the top.

[link]2

A Blunt Account of Blockchain Management

Blockchain governance is defined as follows:

“The ways in which collective action can be achieved by public communities and key stakeholders — particularly those regarding the revision of past agreements. “

In view of the lack of a decentralized and de-identified digital platform supporting the “one person, one vote system”, the governance of the chain is often seen as a plutocracy — currency and computing power are king.

According to an article written by Vitalik Buterin, blockchain governance systems must be innately anti-plutocratic.

Not only is on-chain coin-based governance inconsistent with user interests, it is also antithetical to the ethos of public blockchains. The blockchain is for the public, to serve the public interest. It isn’t for cryptocurrency whales to get more rich. Cryptocurrency holdings (like wealth in global society) is highly concentrated in the hands of a very small number of people. The blockchain isn’t supposed to be owned by anyone… nevermind by a small group of super rich individuals. — Buterin

The interests of those who hold the wealth and those who actually use the blockchain are inherently different.

In theory, blockchain could provide an equal playing field where the world isn’t controlled by large institutions only acting for profit and belittling the rights of individuals. When power becomes concentrated by those holding the most currency or with the most hashing power, users who continue to praise these systems are working against their own interests.

The culture of blockchain implies egalitarian management. Anything else must be abandoned.

[link]3

Either we want it, or we don’t

The current state of blockchain is a farce. Either we want a new system where power is decentralized, or we don’t. Pushing the ethics of the centralized systems that have shaped our world for the worse within the blockchain space only perpetuates the virus that is elitism — sucking world of its resources and milking the chain for every satoshi it’s got.

The increased amount of ICOs in 2017 gave hope. Surely the competition would have promoted further developments — someone would have realised the bad traits trickling into blockchain- but only disappointment followed.

What should have been the start of a blockchain renaissance, turned into a money grabbing free-for-all, with scams, poorly designed products, and reckless teams becoming the norm.

But we do want it, we really do. We want the system as it was intended to be: quick, decentralized, egalitarian. A platform on which to build the next era of society.

This stepping stone comes in the form of Bitconch. Backed by Turing and Nobel laureates, offering 120,000TPS, anti-plutocratic governance, and an ecosystem based on egalitarian values, Bitconch has the speed, security, and morals needed warm the Crypto Winter.

Bitconch Solves the Issue of Governance

The Proof-of-Reputation (PoR) consensus algorithm developed by Bitconch creates a quantified reputation value (Bit-R) based on three dimensions: social behavior, currency holding time, and community contribution. Users with reputations within the top 5% then have an opportunity to take part in the consensus. This system more accurately mirrors the natural world — individuals who are more trustworthy, contribute to their communities, and build relationships with those around them are incentivised to continue doing so.

Money and the size of resources are no longer a consideration, which dissolves the power that the elite have over governing the chain and eliminates the possibility of bribery. Instead, there is room for devoted lower and middle class users to take part in the consensus, making the chain maintained by the people and for the people. The conflicting interests of currency holders and chain users, therefore, does not arise.

Reputation makes for a conscientious ecosystem and reduced conflicts of interest supports ecosystem sustainability.

[link]4

Bitconch Solves the Speed Bottleneck

If the speed of the platform is not scaled to the needs of the users, usage will ultimately fall flat. A blockchain is meant to be used, and chains with slow speeds are simply not practical.

BLAZE (Bitconch Ledger Access Zero-delay Extension) allows for the simultaneous verification of multiple blocks through factoring the operation into five unique yet concurrent phases — fetching data, decoding, hashing, stating the change, and finally writing data. When BLAZE is coupled with PoR, the Bitconch platform offers 120,000TPS — making it a platform able to support extensive amounts of traffic.

[link]5

However, the current focus of the blockchain world should not be on pushing TPS speeds as high as possible. Developers and users alike have lost their way, once again falling victim to the very plutocracy that catalyzed the emergence of blockchain.

The ideology producing these platforms urges for the rights of the individual over the concentration of power in a few. It doesn’t matter if the flow of money is controlled by a few institutions in the current global economy or by a few mining firms in the blockchain world — once power is taken from the individual, we must dissolve the system.
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Blockchain is a Lie — Just Another World Run by the Rich ???
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Thinking of selling Bitcoin, please do yourself a favor and and WATCH this short video...

If you own Bitcoin and are thinking of selling please do yourself a favor and WATCH this short video, they explain everything you need to know about Bitcoin and where it's headed in the near and long term!
http://video.foxnews.com/v/5692125734001/?#sp=show-clips
These guys currently own $1 Billion USD in Bitcoin, and are daring Wall Street to Short BTC and put their money where their mouth is.
They got in in 2013 and still holding long term, Saying Bitcoin has a much higher value than the global gold market which is an over $6 trillion USD market cap! Currently sitting at less than 5% of the Global Gold Market. So they are convinced there is still a massive amount of growth down the road.
For anyone who doesn't know, these are the guys who started ConnectU with Zuckerburg as their coder. To which they claim he then stole the idea from them and started Facebook without their knowledge. They actually sued Facebook and won $65 Million USD. They are now worth over $1 billion from their Bitcoin investment. Feeling strongly it will continue to rise and is not a bubble. Challenging any of the naysayers to put their money where their mouth is and short it.
Cameron and Tyler Winklevoss, thought to be among the largest holders of bitcoin, said the advent of futures is just the beginning of a phase of greater acceptance for the cryptocurrency that is often derided as a bubble.
“We think it’s the starting gun to a whole new phase of liquidity and price discovery and sophisticated entrance to the market,” Tyler Winklevoss said during a Bloomberg Television interview.
The Winklevoss twins are co-founders of the Gemini exchange, which Cboe Global Markets Inc. is using as the basis for the daily settlement for the bitcoin futures that began trading this week.
The Winklevoss brothers said in 2013 that they owned almost $11 million worth of bitcoins. If they retained that stake it would be valued at about $950 million today, according to the Bloomberg Billionaires Index. The ranking calculates they each have a $1.1 billion fortune as of Monday after taking into account other assets.
submitted by dmj1653 to Bitcoin [link] [comments]

Bitcoin Manipulation Warning, Potential Advice, Studies, and Logic

Dear reader, I have been interested in the recent BTC sideways purchasing and selling that has lasted for days, which then results in a dip after 2-3 days. This pattern has been continually happening over the past few weeks and seemed relatively suspicious to me. After talking to many previous investors, friends, and family who have invested in other market booms (Silver, Stocks, ETC) Many confirmed the same thing and gave me the same advice for what to do with my money, BTC, and what I should do to gain a better understanding of the current market.
To start, I went online and perused the various markets and the buy/sell quantities that are leading to the dips and spikes. Looking at the first picture provided by, http://bitcoin-analytics.com/, a price history viewer, the past 24 hours have been filled with the same thing the past weeks have had. Low ball offers to try and find the bottom. TO BE CLEAR, this is NOT a lack of interest, but rather a sign of manipulation of the market where big money is being used to sell off at a higher price, and buy when it drops right after. The top Green circles' show larger dips that what is expected from the average seller and holder of BTC, where the value of BTC fluctuates down 12 Million $ in a matter of minutes on this one sight, which because of the respective prices across the market, can attribute to 6% of the value of BTC... which is extreme for any market, much less an individual. Unless the Winklevoss Twins started cashing out, which they could be doing to manipulate the value, leads me to the belief of either an organizational manipulation of the value.
Next, I looked at yearly corrections and when they take place. Every year, they occur in the spring interestingly enough. Provided is 2015-2018 when BTC was beginning to become popular.
After this, I talked to different investors from different fields. This is where every buyer should be aware of what I like to call the "Bear Case." Please, try and understand their point of view if you can. It's a pivotal piece of the BTC market, and shouldn't be underestimated.
Many Bears simply want out of the market. They have made enough profit to the point of comfort, to where they do not see the point in potentially losing more money. These investors who either independently invested or invested in the futures market. Without confidence they will make a profit, small or large, they simply want their money back. This leads to pressure on the future owners and investors to sell, sell, sell. The leaders of futures, corporations, and other individuals see the market rebounding right after the sell and see the opportunity to join them on selling short-term and rebuying right after which hurts the trust put into the new idea of an online currency.
This can be seen in the daily proclamations of Bitcoins death, doom and gloom, ETC that is published by editorials on random sites with little credibility or information of the publisher, much less their stake in the crypto game.
My advice, which I am following based on history, independent study, and logic lead me to the conclusion that BTC has to go up from here or fail. Miners are no longer making money on mining, BTC bears are taking over, and mainstream media coverage will kill bitcoin before it can be used as it was meant to be used; A virtual currency.
I will be purchasing more BTC, and recommend buying in the 6600-7100$ range, in light of what I consider to be a Bear Case overreaction and what I expect to be a price correction to 8000$ in the next 5 weeks, and upwards from there assuming BTC does not crash and burn.
I believe we need universal regulation or NO regulation at all to support the ability for minors, all adults, and all countries support this adoption of new technology. Without universal ability to BUY, SELL, and TRADE, BTC has no use. Either it needs to be able to be bought and sold anonymously, without any regulation, or it needs to be accepted everywhere without fluctuating prices to the point of unusability. This point can be up for discussion, and please leave a comment on your take on either the market or universal adoption!
I know the market is doing poorly, but if you thought my research is worth a tip, toss me a coin. I appreciate it but I don't expect, or believe in, charity or a free meal. Thanks for taking time from your day to read my "article."
BTC : 1NNMMLdWWGSjA1PtPfBqbNv85dxfrRpXDN LTC: Lb6oVHcwmvtkRr984rpSLC5ypMppHeSALD
All pictures are in a Google slideshow, Reddit seems to be limiting me to only one picture or video.
https://docs.google.com/presentation/d/10UzCI7i0f8UIHJxUprWHLtJQvmcRqdjqgEXci4NAisA/edit?usp=sharing
submitted by Poozle01 to btc [link] [comments]

Weekly Crypto Recap for the week ending July 27

Developments in Financial Services

Regulatory

General News

submitted by QuantalyticsResearch to CryptoMarkets [link] [comments]

Weekly Crypto News Recap for the Week ending July 27

Developments in Financial Services

Regulatory

General News

submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

Dave Portnoy is the Baron of Bitcoin with the Winklevoss Twins Bitcoin entrepreneurs Tyler and Cameron Winklevoss. - YouTube Winklevoss Twins Bitcoin Billionaires Movie Confirmed - Fidelity: Institutional Investors Own Crypto The Winklevoss twins talk Bitcoin futures and fears Bitcoin Is Like Gold 2.0, Says Tyler Winklevoss

Winklevoss Twins Think Wall Street Has “Been Asleep at the Wheel” Regarding Bitcoin (BTC) Gabriel Machado - August 23, 2019 0 The famous Winklevoss Twins, who founded the Gemini exchange, affirmed that retail investors are still getting more benefits from the Bitcoin market than the... In April 2013, the Winklevoss twins together held $11 million in bitcoin priced at $120 a coin. That holding grew to be worth more than $1 billion in December 2017 as the price of one coin ... Tyler and Cameron Winklevoss twins have a fortune in Bitcoin of $1 billion and also own a huge stake in Ethereum. The Winklevoss twins are bullish for Ethereum due to the potential of the DeFi sector. In an interview for The Defiant with Camila Russo, twins Tyler and Cameron Winklevoss talked about stablecoins, the impact […] The Winklevoss twins are bullish for Ethereum due to the potential of the DeFi sector. In an interview for The Defiant with Camila Russo, twins Tyler and Cameron Winklevoss talked about stablecoins, the impact of the pandemic (Covid-19), the Federal Reserve’s inflationary policy and the future of Bitcoin and Ethereum . Bitcoin’s seemingly unstoppable rise in value has finally created its first billionaires. Tyler and Cameron Winklevoss, who invested $11 million of their settlement from Facebook four years ago into Bitcoin, have seen their stake increase by nearly 10,000 per cent. Bitcoin’s price passed $11,000 USD ($14,000 CAD) this week.

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Dave Portnoy is the Baron of Bitcoin with the Winklevoss Twins

Dave Portnoylearns about the world of Bitcoin with the Winklevoss Twins. Check out Barstool Sports for more: http://www.barstoolsports.com Follow Barstool Sp... These guys turned $11 million into a $1 billion windfall. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From 'Wall Street' to 'Main Street' to... The Winklevoss twins explain the future of Bitcoin including how it compares to gold and how there is still so much more potential for growth. Cameron and Tyler Winklevoss sit down with John Biggs to discuss Wall Street's attitude toward bitcoin, their new bitcoin exchange, and their bitcoin-based e... Tyler and Cameron Winklevoss are known for many things. Billionaire status. Taking on a social media Goliath. And as early bitcoin investors. If you ask them...

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