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Crypto Banking Wars: Will Coinbase or Binance Become The Bank of The Future?

Crypto Banking Wars: Will Coinbase or Binance Become The Bank of The Future?
Can the early success of major crypto exchanges propel them to winning the broader consumer finance market?
https://reddit.com/link/i48t4q/video/v4eo10gom7f51/player
This is the first part of Crypto Banking Wars — a new series that examines what crypto-native company is most likely to become the bank of the future. Who is best positioned to reach mainstream adoption in consumer finance?
While crypto allows the world to get rid of banks, a bank will still very much be necessary for this powerful technology to reach the masses. We believe a crypto-native company, like Genesis Block, will become the bank of the future.
In an earlier series, Crypto-Powered, we laid out arguments for why crypto-native companies have a huge edge in the market. When you consider both the broad spectrum of financial use-cases and the enormous value unlocked through these DeFi protocols, you can see just how big of an unfair advantage blockchain tech becomes for companies who truly understand and leverage it. Traditional banks and fintech unicorns simply won’t be able to keep up.
The power players of consumer finance in the 21st century will be crypto-native companies who build with blockchain technology at their core.
The crypto landscape is still nascent. We’re still very much in the fragmented, unbundled phase of the industry lifecycle. Beyond what Genesis Block is doing, there are signs of other companies slowly starting to bundle financial services into what could be an all-in-one bank replacement.
So the key question that this series hopes to answer:
Which crypto-native company will successfully become the bank of the future?
We obviously think Genesis Block is well-positioned to win. But we certainly aren’t the only game in town. In this series, we’ll be doing an analysis of who is most capable of thwarting our efforts. We’ll look at categories like crypto exchanges, crypto wallets, centralized lending & borrowing services, and crypto debit card companies. Each category will have its own dedicated post.
Today we’re analyzing big crypto exchanges. The two companies we’ll focus on today are Coinbase (biggest American exchange) and Binance (biggest global exchange). They are the top two exchanges in terms of Bitcoin trading volume. They are in pole position to winning this market — they have a huge existing userbase and strong financial resources.
Will Coinbase or Binance become the bank of the future? Can their early success propel them to winning the broader consumer finance market? Is their growth too far ahead for anyone else to catch up? Let’s dive in.
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Binance

The most formidable exchange on the global stage is Binance (Crunchbase). All signs suggest they have significantly more users and a stronger balance sheet than Coinbase. No other exchange is executing as aggressively and relentlessly as Binance is. The cadence at which they are shipping and launching new products is nothing short of impressive. As Tushar Jain from Multicoin argues, Binance is Blitzscaling.
Here are some of the products that they’ve launched in the last 18 months. Only a few are announced but still pre-launch.
Binance is well-positioned to become the crypto-powered, all-in-one, bundled solution for financial services. They already have so many of the pieces. But the key question is:
Can they create a cohesive & united product experience?

Binance Weaknesses

Binance is strong, but they do have a few major weaknesses that could slow them down.
  1. Traders & Speculators Binance is currently very geared for speculators, traders, and financial professionals. Their bread-and-butter is trading (spot, margin, options, futures). Their UI is littered with depth charts, order books, candlesticks, and other financial concepts that are beyond the reach of most normal consumers. Their product today is not at all tailored for the broader consumer market. Given Binance’s popularity and strength among the pro audience, it’s unlikely that they will dumb down or simplify their product any time soon. That would jeopardize their core business. Binance will likely need an entirely new product/brand to go beyond the pro user crowd. That will take time (or an acquisition). So the question remains, is Binance even interested in the broader consumer market? Or will they continue to focus on their core product, the one-stop-shop for pro crypto traders?
  2. Controversies & Hot Water Binance has had a number of controversies. No one seems to know where they are based — so what regulatory agencies can hold them accountable? Last year, some sensitive, private user data got leaked. When they announced their debit card program, they had to remove mentions of Visa quickly after. And though the “police raid” story proved to be untrue, there are still a lot of questions about what happened with their Shanghai office shut down (where there is smoke, there is fire). If any company has had a “move fast and break things” attitude, it is Binance. That attitude has served them well so far but as they try to do business in more regulated countries like America, this will make their road much more difficult — especially in the consumer market where trust takes a long time to earn, but can be destroyed in an instant. This is perhaps why the Binance US product is an empty shell when compared to their main global product.
  3. Disjointed Product Experience Because Binance has so many different teams launching so many different services, their core product is increasingly feeling disjointed and disconnected. Many of the new features are sloppily integrated with each other. There’s no cohesive product experience. This is one of the downsides of executing and shipping at their relentless pace. For example, users don’t have a single wallet that shows their balances. Depending on if the user wants to do spot trading, margin, futures, or savings… the user needs to constantly be transferring their assets from one wallet to another. It’s not a unified, frictionless, simple user experience. This is one major downside of the “move fast and break things” approach.
  4. BNB token Binance raised $15M in a 2017 ICO by selling their $BNB token. The current market cap of $BNB is worth more than $2.6B. Financially this token has served them well. However, given how BNB works (for example, their token burn), there are a lot of open questions as to how BNB will be treated with US security laws. Their Binance US product so far is treading very lightly with its use of BNB. Their token could become a liability for Binance as it enters more regulated markets. Whether the crypto community likes it or not, until regulators get caught up and understand the power of decentralized technology, tokens will still be a regulatory burden — especially for anything that touches consumers.
  5. Binance Chain & Smart Contract Platform Binance is launching its own smart contract platform soon. Based on compatibility choices, they have their sights aimed at the Ethereum developer community. It’s unclear how easy it’ll be to convince developers to move to Binance chain. Most of the current developer energy and momentum around smart contracts is with Ethereum. Because Binance now has their own horse in the race, it’s unlikely they will ever decide to leverage Ethereum’s DeFi protocols. This could likely be a major strategic mistake — and hubris that goes a step too far. Binance will be pushing and promoting protocols on their own platform. The major risk of being all-in on their own platform is that they miss having a seat on the Ethereum rocket ship — specifically the growth of DeFi use-cases and the enormous value that can be unlocked. Integrating with Ethereum’s protocols would be either admitting defeat of their own platform or competing directly against themselves.

Binance Wrap Up

I don’t believe Binance is likely to succeed with a homegrown product aimed at the consumer finance market. Their current product — which is focused heavily on professional traders and speculators — is unlikely to become the bank of the future. If they wanted to enter the broader consumer market, I believe it’s much more likely that they will acquire a company that is getting early traction. They are not afraid to make acquisitions (Trust, JEX, WazirX, DappReview, BxB, CoinMarketCap, Swipe).
However, never count CZ out. He is a hustler. Binance is executing so aggressively and relentlessly that they will always be on the shortlist of major contenders.
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Coinbase

The crypto-native company that I believe is more likely to become the bank of the future is Coinbase (crunchbase). Their dominance in America could serve as a springboard to winning the West (Binance has a stronger foothold in Asia). Coinbase has more than 30M users. Their exchange business is a money-printing machine. They have a solid reputation as it relates to compliance and working with regulators. Their CEO is a longtime member of the crypto community. They are rumored to be going public soon.

Coinbase Strengths

Let’s look at what makes them strong and a likely contender for winning the broader consumer finance market.
  1. Different Audience, Different Experience Coinbase has been smart to create a unique product experience for each audience — the pro speculator crowd and the common retail user. Their simple consumer version is at Coinbase.com. That’s the default. Their product for the more sophisticated traders and speculators is at Coinbase Pro (formerly GDAX). Unlike Binance, Coinbase can slowly build out the bank of the future for the broad consumer market while still having a home for their hardcore crypto traders. They aren’t afraid to have different experiences for different audiences.
  2. Brand & Design Coinbase has a strong product design team. Their brand is capable of going beyond the male-dominated crypto audience. Their product is clean and simple — much more consumer-friendly than Binance. It’s clear they spend a lot of time thinking about their user experience. Interacting directly with crypto can sometimes be rough and raw (especially for n00bs). When I was at Mainframe we hosted a panel about Crypto UX challenges at the DevCon4 Dapp Awards. Connie Yang (Head of Design at Coinbase) was on the panel. She was impressive. Some of their design philosophies will bode well as they push to reach the broader consumer finance market.
  3. USDC Stablecoin Coinbase (along with Circle) launched USDC. We’ve shared some stats about its impressive growth when we discussed DeFi use-cases. USDC is quickly becoming integrated with most DeFi protocols. As a result, Coinbase is getting a front-row seat at some of the most exciting things happening in decentralized finance. As Coinbase builds its knowledge and networks around these protocols, it could put them in a favorable position to unlock incredible value for their users.
  4. Early Signs of Bundling Though Coinbase has nowhere near as many products & services as Binance, they are slowly starting to add more financial services that may appeal to the broader market. They are now letting depositors earn interest on USDC (also DAI & Tezos). In the UK they are piloting a debit card. Users can now invest in crypto with dollar-cost-averaging. It’s not much, but it’s a start. You can start to see hints of a more bundled solution around financial services.

Coinbase Weaknesses

Let’s now look at some things that could hold them back.
  1. Slow Cadence In the fast-paced world of crypto, and especially when compared to Binance, Coinbase does not ship very many new products very often. This is perhaps their greatest weakness. Smaller, more nimble startups may run circles around them. They were smart to launch Coinbase Ventures where tey invest in early-stage startups. They can now keep an ear to the ground on innovation. Perhaps their cadence is normal for a company of their size — but the Binance pace creates quite the contrast.
  2. Lack of Innovation When you consider the previous point (slow cadence), it’s unclear if Coinbase is capable of building and launching new products that are built internally. Most of their new products have come through acquisitions. Their Earn.com acquisition is what led to their Earn educational product. Their acquisition of Xapo helped bolster their institutional custody offering. They acqui-hired a team to help launch their staking infrastructure. Their acquisition of Cipher Browser became an important part of Coinbase Wallet. And recently, they acquired Tagomi — a crypto prime brokerage. Perhaps most of Coinbase’s team is just focused on improving their golden goose, their exchange business. It’s unclear. But the jury is still out on if they can successfully innovate internally and launch any homegrown products.
  3. Talent Exodus There have been numerous reports of executive turmoil at Coinbase. It raises a lot of questions about company culture and vision. Some of the executives who departed include COO Asiff Hirji, CTO Balaji Srinivasan, VP & GM Adam White, VP Eng Tim Wagner, VP Product Jeremy Henrickson, Sr Dir of Eng Namrata Ganatra, VP of Intl Biz Dan Romero, Dir of Inst Sales Christine Sandler, Head of Trading Hunter Merghart, Dir Data Science Soups Ranjan, Policy Lead Mike Lempres, Sr Compliance Vaishali Mehta. Many of these folks didn’t stay with Coinbase very long. We don’t know exactly why it’s happening —but when you consider a few of my first points (slow cadence, lack of innovation), you have to wonder if it’s all related.
  4. Institutional Focus As a company, we are a Coinbase client. We love their institutional offering. It’s clear they’ve been investing a lot in this area. A recent Coinbase blog post made it clear that this has been a focus: “Over the past 12 months, Coinbase has been laser-focused on building out the types of features and services that our institutional customers need.” Their Tagomi acquisition only re-enforced this focus. Perhaps this is why their consumer product has felt so neglected. They’ve been heavily investing in their institutional services since May 2018. For a company that’s getting very close to an IPO, it makes sense that they’d focus on areas that present strong revenue opportunities — as they do with institutional clients. Even for big companies like Coinbase, it’s hard to have a split focus. If they are “laser-focused” on the institutional audience, it’s unlikely they’ll be launching any major consumer products anytime soon.

Coinbase Wrap Up

At Genesis Block, we‘re proud to be working with Coinbase. They are a fantastic company. However, I don’t believe that they’ll succeed in building their own product for the broader consumer finance market. While they have incredible design, there are no signs that they are focused on or capable of internally building this type of product.
Similar to Binance, I think it’s far more likely that Coinbase acquires a promising young startup with strong growth.

Honorable Mentions

Other US-based exchanges worth mentioning are Kraken, Gemini, and Bittrex. So far we’ve seen very few signs that any of them will aggressively attack broader consumer finance. Most are going in the way of Binance — listing more assets and adding more pro tools like margin and futures trading. And many, like Coinbase, are trying to attract more institutional customers. For example, Gemini with their custody product.

Wrap Up

Coinbase and Binance have huge war chests and massive reach. For that alone, they should always be considered threats to Genesis Block. However, their products are very, very different than the product we’re building. And their approach is very different as well. They are trying to educate and onboard people into crypto. At Genesis Block, we believe the masses shouldn’t need to know or care about it. We did an entire series about this, Spreading Crypto.
Most everyone needs banking — whether it be to borrow, spend, invest, earn interest, etc. Not everyone needs a crypto exchange. For non-crypto consumers (the mass market), the differences between a bank and a crypto exchange are immense. Companies like Binance and Coinbase make a lot of money on their crypto exchange business. It would be really difficult, gutsy, and risky for any of them to completely change their narrative, messaging, and product to focus on the broader consumer market. I don’t believe they would ever risk biting the hand that feeds them.
In summary, as it relates to a digital bank aimed at the mass market, I believe both Coinbase and Binance are much more likely to acquire a startup in this space than they are to build it themselves. And I think they would want to keep the brand/product distinct and separate from their core crypto exchange business.
So back to the original question, is Coinbase and Binance a threat to Genesis Block? Not really. Not today. But they could be, and for that, we want to stay close to them.
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Bitcoin Gemini Exchange Review 2020

Bitcoin Gemini Exchange Review 2020
If you are planning to place assets into cryptographic types of cash like Bitcoin or Ether, in any case, you do not understand where to start, this Gemini exchange review will help you with choosing.
Gemini Bitcoin Exchange Review 2020
You need yourself to be a productive advanced cash intermediary. By what technique will you become? To help you here's an exchange review, which will give every one of you the low down information required for a powerful enthusiasm for one of the most trusted in stages the Gemini Exchange.
We should find all the more right currently review
Gemini Review :
About Gemini Exchange
Twin kin developed Gemini Winklevoss in the year 2014. The Gemini exchange is arranged in New York. The Gemini crypto exchange is open in essentially all US states, similarly as UK, Canada, Puerto Rico, Singapore, South Korea, and Hong Kong. In 2016, Gemini transformed into the world's recently approved Ether exchange.
It positions 82th greatest exchange on earth as showed by 24-hour volume on Coinmarketcap. While Gemini Bitcoin and Gemini Ethereum trading volumes are high, the exchange is endeavoring with all undertakings to fight with those stages offering a predominant piece of the cryptographic types of cash, for instance, Binance.
Reinforced Currencies
Gemini offers crypto to fiat portions and a BTC/ETH grandstand, which makes it a quick contender to any similarity to Coinbase, Bitstamp, and Kraken. At present, it is one of the most respected and ensure about exchanges open. This is in light of the fact that it has more features to help secure customers against developers. Also, it is one exchange for the CBOE Bitcoin future settlement. Gemini Mobile application is directly available, which is amazingly basic and versatile to use.
How to use Gemini?

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1) Go to the official site and snap the "Register" tab on the upper right corner.
Enter your name, email address, and mystery word for your own record. While affirming your email address, it is critical to :
Affirm your email address and enter both your region and phone number, by then you can set up 2-Factor Authentication (2FA) which will be an additional layer of security to your record.
Incorporate your monetary equalization. Starting at now, Gemini recognizes simply bank moves and wires, as a methodology for putting away holds.
To check your record, move your organization ID proof. This will help you with executing and trade US Dollars. Moreover, it will help Gemini with as per the Bank Secrecy Act (BSA) and Anti Money Laundering (AML) rules. The affirmation time may run from a couple to a couple of days.
Subsequent to completing of all the above strategies, you can use your record for financing.
gemini crypto exchange
2) Deposit Currency
In the Menu, click Transfer Funds, by then find a good pace Bank Transfer and Exchange. Enter the whole you have to store here. Moreover, note $500 consistently is the most extraordinary most extreme for Bank moves.
3) Trading Bitcoin and Ethereum
As you store by methods for bank move, they are quickly available for trading. you can purchase by encountering the menu and picking your supported trading pair. For example, for Bitcoin BTC/USD similarly as Ethereum ETH/USD.
In the wake of embeddings the expense and sum it will process your buy demand. There is another choice to trade by methods for the business community which has exhibit orders gave by various customers.
After the fulfillment of your purchase, your record will be acknowledged with your Ethereum just as Bitcoin purchases. You can sell your computerized cash on the Gemini crypto exchange. Regardless of the way that you can't make a withdrawal until your bank move has been completely arranged.
gemini sponsor organization
4)Trading Limits
By and by, For most trade strategies, there are no limitations on trades. In any case, Automated Clearing House (ACH) moves have the greatest store most remote purpose of $500 day and $15,000 consistently for singular record holders. Associations have a state of restriction for making ACH stores of $10,000 consistently or $300,000 consistently.
Gemini Marketplace
There is a Gemini business focus that runs 24*7. Here, you can have indistinguishable number of solicitations from you wish to have, with a variety of trading choices. These include:
Market Orders – With the present best open worth, the solicitations here starting dealing with quickly against resting orders.
Purpose of repression Orders – The sum is filled at or better than a given expense. The sum which isn't dispatched lays on the solicitation book diligently until it is filled or dropped.
Brief or Cancel (IOC) Limit Orders – The sum is filled at or better than a given expense. The sum which isn't filled rapidly is dropped and doesn't lay on the perpetual solicitation book.
Maker or Cancel (MOC) Limit Orders – The sum lays on the solicitation book continually at a foreordained expense. Furthermore, the entire solicitation is dropped if there is any sum that can be filled immediately.
All solicitations made on this stage are totally sponsored and fill in as a full hold exchange. In any case, there is no edge trading Gemini. Despite that, reliably the customer's record equality should have more balance than the exceptional excitement on demand books. Also, all open solicitations decline your available leveling until they are fulfilled or dropped
Gemini Fees
In the event that there ought to be an event of moves, Gemini crypto exchange has a low cost technique and stage customers can store Bitcoin, Ether, at freed from charges for both bank and wire moves. In any case, banks will charge a cost for the customers to wire money to their Gemini account. Withdrawals on the stage are free and all customers will have 30 free withdrawals for each calendar month.
Any withdrawals more than this total will pull in costs comparable to the mining charges payable on either sort out. The costs are around 0.001 BTC or 100,000 Satoshi per trade on the Bitcoin Network and 0 GWei or 0 ETH per trade on the Ethereum Network.
MakeTaker charges
0.25% is the trading costs for both sellers(makers) and buyers(takers). If it shows up at certain trade volumes, charges will be reduced. The maker charge is 0% for 30-day trading volumes that outperform 5,000 Bitcoin or 100,000 Ether. For a comparable trading entirety, the taker run after will bubble to 0.10%.
Gemini uses dynamic maker and taker charge or reimbursement timetable, and sellers can get reimbursement on liquidity-creation trades. The particular entireties depend upon net trading volumes and the buy and sell extent over a multi day time allotment. The data are adjusted as expected and more information on charges can be found here.

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charges
Concerning purchases, the base purchase whole for Bitcoin is 0.00001 BTC, or 1000 satoshis, for Ether, the base sum is 0 .001 ETH
Security-at-Gemini
Bitcoin Gemini Reviews, is a strong exchange that has a better than average reputation in everyone. The exchange goes about as a way into the universe of cryptographic cash trading. This may be in light of the fact that various customers first quit concerning purchasing Bitcoin and Ethereum. In comprehension to Coinbase, Gemini has a near space. Wherein it allows its customers to make trade clearly to and from their records.
Gemini is a not too bad choice, for people looking to securely trade either Bitcoin or Ethereum. The exchange is a potential decision for new competitors to the market similarly as logically settled sellers who like to make trades by methods for their monetary adjusts.
Latest News
Dec 17, 2019: Well realized cash related pro association State Street picked Gemini exchange for the new propelled asset pilot adventure.
Nov 19, 2019: Gemini exchange wanders into NFT's and acquired Nifty Gateway Solution, a phase to buy Non-Fungible Tokens.
Nov 14, 2019: The exchange added Stop-Limit to the solicitations being executed on the stage.
Sep 11, 2019: Gemini dispatches Gemini Custody with 18 cryptographic types of cash
Sep 5, 2019: Gemini Clearing™, a totally electronic clearing and settlement answer for off-exchange exhibited by the stage
Aud 27, 2019: Gemini Joins the Silvergate Exchange Network
Aug 22, 2019: Gemini loosens up and reaches to Australia
April 15, 2019: Gemini wallet support Segwit
Gemini Bitcoin Exchange Review
Rundown: How to Buy Bitcoins by means of Gemini
Register a record at Gemini and check email code sent to you.
Set up two-factor validation (2FA).
Give checked ID as a major aspect of the confirmation procedure.
Include ledger.
Store cash by clicking "Move Funds", "Store into Exchange" and afterward picking the sort of bank move.
Snap "Purchase" catch and round out the buy structure to get BTC.
Is Gemini Safe?
Gemini is extremely worried about its clients' wellbeing, in this manner it utilize three arrangements of security...
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Gemini Comparison with Other Exchanget
To exchange bitcoins you have to initially peruse and think about various BTC trades...
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In Which Countries Is Gemini Available?
You can arrange bitcoins through Gemini nearly in any nation, yet discover where you can't...
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Guide: Buying BTCs at Gemini
It is anything but difficult to purchase bitcoins on Gemini trade, knowing the essential standards and prerequisites...
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FAQ
Discover to what extent the exchange takes, how to pull back BTCs and what strategies for...
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Practically equivalent to Bitcoin Exchanges
We have arranged a rundown of trades, notwithstanding Gemini, that can assist you with requesting bitcoins...
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With developing worth and system, bitcoin is ready to turn into the main online resource in the realm of ventures.
Gemini bitcoin trade survey
This article is worried about one of the most well known trades with regards to BTC exchange, Gemini.
What Is Gemini?
Gemini is one of the realized digital money trades that offer an assortment of exchange apparatuses for speculators that have some involvement with the business. The organization that claims the stage is enrolled as LLC in New York State, USA, offering USD to BTC and USD to ETH exchange trade.
Purchase BTC at Gemini
Propelled in 2015, Gemini offers two unmistakable commercial centers, them being:
customary trade administrations;
bitcoin barters.
Upon its appearance, the stage offered its administrations in the US just, bit by bit including different nations all the while. The organization is possessed by the Winklevoss twins, who guarantee that they are have about 1% of the complete BTC volume.
Winklevoss siblings are Gemini's proprietors
Gemini Security
With regards to the wellbeing of your assets, Gemini applies three arrangements of safety efforts that should be referenced. To start with, the stage applies advanced money safety efforts by offering hot and cold stockpiling wallets, where cold wallets have multisig capacities to forestall hacking endeavors at your equalizations.
Gemini security
The subsequent measure is identified with the exchange where the entirety of the exchanges at Gemini are led through pre-financed accounts, implying that merchants and purchasers can't post orders on the off chance that they don't have adequate BTC or fiat monetary forms in their parities. Finally, the site security comprises of two-factor verification (2FA) and HTTP encryption of all data in regards to merchants and stage's exchanges from outsiders.
Accessible Payment Methods
As of now, Gemini acknowledges stores communicated distinctly in ACH (for US dealers) and wire moves (for every other person) communicated in USD. Credit or check cards, money stores, PayPal and numerous different alternatives are wanted to be remembered for the future however are not accessible at the present time.
Buy bitcoin by means of wire move
You ought to buy in to the Gemini news source since the organization will promote the new store strategy through that channel of correspondence.
Shouldn't something be said about Fees?
While saving or pulling back your assets communicated in fiat or computerized monetary forms, dealers would find that the administrations are done totally free. Then again, Gemini charges exchange expenses are charged dependent on a month to month net exchange volume. Taker charges can extend from 0.15% to 0.25% while creator expenses from 0% to 0.25%.
Expenses at the trade
Does Gemini Have Limits?
Cryptographic money and wire stores and withdrawals don't have any constraints forced on dealers, implying that in the event that you utilize the said administrations, you can buy, sell and pull back bitcoins with no deterrents. Singular American financial specialists utilizing ACH move, then again, have $500 every day and $15.000 month to month while institutional individuals have $10.000 day by day and $300.000 month to month store limits.
No restrictions for purchasing bitcoin
Gemini Comparison
When thinking about exchanging at any trade, you should hope to analyze the administrations, expenses and impediments with other comparative stages. In this manner, we have assembled an examination investigation where we benchmarked Gemini against two other well known decisions with regards to BTC buy: Kraken and Coinbase.
Gemini versus Kraken
Kraken, much the same as Gemini, acknowledges bank moves just, with the significant contrast being that Kraken permits 5 fiat cash stores. Notwithstanding bitcoin, there are 14 more altcoins that you can exchange with at Kraken while the two trades force check on their customers as they are both controlled organizations.
Gemini versus Kraken
Kraken is fundamentally the same as Gemini as far as expenses, as creatotaker charges go somewhere in the range of 0% and 0.26%. Bank moves do accompany little expenses at Kraken while Gemini acknowledges stores for nothing. In conclusion, while Gemini exchanges two or three nations in particular, Kraken is all around accessible.
Coinbase versus Gemini
Coinbase is viewed as one of the biggest bitcoin suppliers on the planet, offering its administrations in 32 nations, USA notwithstanding. The installment strategies at Coinbase are PayPal, bank moves and credit/check cards, two more than Gemini.
Request bitcoins by means of Coinbase trade
Confirmation is an absolute necessity have at Coinbase, much like in Gemini while expenses are a ton lower at Gemini, as you pay between 1.49% to 3.49% from exchange's an incentive at Coinbase. The two trades offer BTC vaults and wallet administrations while Coinbase additionally exchanges with Litecoin which are inaccessible at Gemini.
Gemini BTC Exchange in Different Countries
Gemini's administrations are accessible in a bunch of nations around the globe, them being the US (5 states not upheld), Canada, Japan, South Korea, Hong Kong, Singapore and the United Kingdom. The five US expresses that are not bolstered are Alaska, Arizona, Hawaii, Oregon and Wisconsin.
Gemini trade in various nations
Is It Legal?
Gemini is an American LLC that adheres to New York Banking Law guidelines, actualizing BSA (Bank Secrecy Act) and AML (Anti-Money Laundry Compliance Program) arrangements, implying that customary reviews of the BSA/AML programs are being executed. Moreover, the firm requires all merchants to have reserves pre-saved before the exchange.
Bitcoin Gemini Price, is legitimate
Another significant factor of the stage's lawfulness is the way that since its beginning, Gemini has promptly accessible money related report dating 7 years back.
Does Gemini Support Its Customers?
Concerning the client service, Gemini has a thorough FAQ page where a large portion of the exchanging questions have been replied. Notwithstanding the FAQ, you can likewise top off a shape and present a solicitation to the Gemini group with respect to any issue that you may look on the stage.
Gemini client service
Because of the regular upkeep of the site's administrations, Gemini has a "Status" page where financial specialists can see which administrations and API instruments are working right now and which are definitely not.
Manual for Buy Bitcoins from Gemini
When you have gotten the cash at your Gemini account, click "Purchase" button on the dashboard page.
Buy page for bitcoins at Gemini
Presently, round out the structure on the right, giving request type, volume or estimation of BTC you wish to get and click "Purchase" to get bitcoins in your record immediately. Try to check the BTC cost at the upper left piece of the "Purchase" page to ensure it has not changed at the time you have begun the buy procedure.
Enrollment
It is totally allowed to enroll a record at Gemini bitcoin trade and the procedure begins once you click "Register" button at the upper right corner of the site. Give your complete name, email address and secret key in subsequent stage and snap "Make My Account".
Make account at Gemini
You will get an email code which you should duplicate glue into the Gemini's check page.
Contribution of enactment code on Bitcoin Gemini Registration
The accompanying advances will open up for you to finish, in this way you have to arrangement your 2FA security apparatus, include a financial balance and give checked ID to finish the enrollment methodology.
To what extent Should I Wait for Verification?
Check stage can take between an hour and a day, contingent upon various enlistment applications Gemini has right now you have begun the procedure. You ought to set up every single essential report before you start and arm yourself with persistence as a stage would set aside effort to process your data.
Confirmation process at Gemini
Would you be able to Get Bitcoins Without Verification?
At the enlistment page, you are required to check your personality and frog your financial balance. When you have presented the records, you can't enter the stage's exchange page until the help affirms your subtleties. In this way, it is unimaginable to expect to buy supply of bitcoins without confirmation.
Obligatory confirmation before purchasing BTCs at Gemini
How to Add Money to Account?
When you have finished the enrollment and confirmation of your record, click button "Move Funds", situated in the top segment of your dashboard page. In following stage, click "Store Into Exchange" and pick either USD or Wire alternative, contingent upon what financial balance you have included at enrollment stage.
Add assets to Gemini account
You can likewise store bitcoins in your Gemini wallet too.
Store BTCs in the Gemini wallet
At the last phase of wire move subsidizing process, you have to give bank's wiring data, for example, your record number and other significant data that can be found by clicking "Bank Settings".
Give bank's wiring data
When data has been given, basically click "Store" button which will show up at the base of the page.
Secure Your Account
Keep the entirety of your record and wallet passwords out of the programmer's compass by continually evolving them. Monitor the new secret key by keeping in touch with them down on a bit of paper as to not overlook them meanwhile.
Record with 2FA on trade
You as of now have 2FA from the enlistment stage and don't give your private data to some other dealer on the stage.
FAQ
To what extent Does It Take to Make Transaction?
It takes 4 to 5 days to store assets in your Gemini account while exchanges themselves are done following you the exchange started. Diverse request types have distinctive length, contingent upon what dealer wishes to accomplish.
Sitting tight for exchanges on the trade
Would i be able to Buy Bitcoin with PayPal at Gemini?
Now, brokers can't utilize PayPal as store technique at Gemini. You ought to buy in to the trade's news channel as to get warnings if the strategy opens up to store alternative later on.
Does Gemini Have a BTC Wallet?
The stage offers two kinds of wallet administrations, one being "hot" wallet and another being vault stockpiling. Both are based just, with the principle contrast being that vault stockpiling gives extra security keys that are utilized while moving bitcoins all through the wallet. Along these lines, vault administrations are esteemed as more secure than the standard BTC wallet.
Gemini wallet
Pulling back Your Bitcoins from Gemini
At the dashboard page, click "Move Funds" and afterward "Pull back From Exchange" to begin the procedure. Pick bitcoins to continue towards the withdrawal structure. Determine the measure of BTC you with to escape the trade and give your wallet address. Snap "Survey Withdrawal" and check the data. When you are fulfilled, click "Affirm" to end the procedure. Your coins will show up inside 24 hours to your ideal area.
Pull back BTC from Gemini
Instructions to Order BTC with Credit/Debit Card at Gemini
As with PayPal, it is preposterous to expect to buy bitcoins with the assistance of credit or charge cards at Gemini, since the choice isn't accessible right now. Stay aware of trade's news and declarations as the CC/DC choice may open up later on.
Gemini Mobile App
Portable stages are yet to be created by Gemini, implying that exchange is accessible on perusing stage as it were. Watch out for the declaration, as the organization may make the push towards telephone exchange not so distant future.
Purchase BTC just on Gemini perusing stage
Gemini Analogs
Aside from Gemini, we at BitcoinBestBuy have checked on numerous different stages that can assist you with getting bitcoins effectively and securely. They all change regarding local accessibility, expenses, buy strategies and confirmation necessities, so make a point to check different articles also.
Get BTC at digital money stages
Coinbase Exchange Review
Being one of the biggest BTC exchanging stages the world, we made a survey of their charges, store choices and other important data with respect to the trade. We have likewise given bit by bit controls on the best way to buy and pull back assets and coins from Coinbase.
Coinbase survey
Full Review Coinbase Bitcoin Gemini Exchange
Find out About Kraken
Kraken is another trade that offers bitcoins through bank moves and its administrations are all inclusive accessible. We made a survey of Kraken's advantages and disadvantages, giving our customers a diagram of the trade as far as expenses the organization charges, check prerequisites and buy procedures of the stage.
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submitted by cryptoerapro to u/cryptoerapro [link] [comments]

DIGITAL GOLD TOKEN: THE STABLE COIN THAT TOKENIZED PHYSICAL GOLD

DIGITAL GOLD TOKEN: THE STABLE COIN THAT TOKENIZED PHYSICAL GOLD
Presentation
Gold is a profoundly regarded metal. Truth be told, among all metals, it is the most regarded, maybe due to the high worth placed on it from ages. It has anyway been intertwined on human improvement for a significant stretch of time.
Coins identified with gold rose sort of 800 B.C., As the years advanced, people, have continued protecting up gold for a few employments. Social requests and economies have situated an impetus on gold, right now its value. Business endeavors and various gatherings have additionally considered gold to be a component whose worth can't be contrasted and some other.
They gave likewise given it a type of invulnerability, so that, rather than it plunging, it floods.

https://preview.redd.it/c69svr9ppqi41.jpg?width=267&format=pjpg&auto=webp&s=f93a71922e1df5d139eaf8e58d84350ed5765731
Interrelationship of Gold with Blockchain
The appearance of blockchain achieved bitcoin. We may constantly say that it brought forth bitcoin, yet with time, it has additionally created a few different coins, called altcoins. Right now, additionally been recognized that gold, which is a precious metal, can likewise be digitized, which is currently some other time to permit the gold fortified cryptographic coin to develop.
This is an exceptionally requesting run for incomprehensible riches occurring nowadays in the crypto worldwide, just as global areas, are making arrangements to give their own special gold-based absolutely cryptographic cash.
Tokenization
Digital Gold as prior talked about is a blockchain-based token, which is intended to take the digitization of physical assets, for example, gold to the following level and into the crypto market, just as various hypothesis units.
It would like to acquire this by methods for empowering clients to buy incorporation in gold.

https://preview.redd.it/d91cu6vspqi41.jpg?width=318&format=pjpg&auto=webp&s=9531ac7b49bc80e2adb8bebe070b85cc5d56f1bd
Digital Gold is an Ethereum ERC20 based token. This token is omnipresent, it tends to be sent or moved to any piece of the world, without pausing or stressed over the costs for that, since there is no additional charges or cost appended to it.
Customers are in like manner acknowledged to make limitless portions on the grounds that the organization doesn't administer account obstructions. Aside from on demand by the gas expense charged by utilizing the Ethereum people group.
Consequently, GOLD token clients can likewise want to get a touch volume of the property charged every day. It's fundamental to think about thought on that the help charge changed into made to be for all intents and purposes same or abatement than the costs perceived with saving gold in a storage facility or credit pro.
Customers can likewise want to cover a 0.99% yearly stockpiling cost.

Why GOLD?

Inadequacy the value: Whether or not or not the USD is the different planet's most critical method for keeping cash, while the estimation of the dollar drops towards various financial benchmarks this situation drives individuals to run into the gold for the well being of their benefits, which shows more on how important gold is.
The charge of gold almost altogether improved some place inside the scope of 1998 and 2008, going to the 1,000-an-ounce achievement in mid-2008 and about increasing somewhere close to 2008 and 2012, hitting the 1800 - $1900 mark.
The decreasing from the USD came because of various reasons, comprising of the Unified State's huge spending plan and interchange deficiencies and a huge expansion the money convey.

https://preview.redd.it/qddn9lzwpqi41.jpg?width=318&format=pjpg&auto=webp&s=b7828098c6ca32d3f93229e3e22c00cb0a40a026
Security: This is portrayed as a length in which costs fall while business venture movement facilitates again and the marketplace is hit with the guide of over the top obligation, throughout the downturn The comparative acquiring profundity of gold bounced even as extraordinary charges dropped firmly.
This is in see that individuals picked to shop coins, and besides the most notable spot to keep up money become in gold and silver gold.

Digital Gold

The way is changing over, GOLD Token is a flawless course for your enthusiasm for GOLD. The Digital Gold endeavor didn't immediate any Underlying Coin Offering, as no crowdfunding exertion has been finished. Every single logical strategy are self-supported, thus any procurement of this GOLD token gives to a sparkle off sharp settlement based acquisition of gold.

End
A great deal is going on around gold nowadays, one of which is that, with the combination of blockchain, gold is by and by at the skirt of being utilized as an installment technique, as a result of its soundness.
Together with the GOLD token, the component is as of now arranged to be more than the standard wealth stockpiling system and assignment instrument. This is profoundly interesting.

Official Website: https://gold.Storage/
White paper: https://gold.Storage/wp.Pdf

Author: Wayrey2020 https://bitcointalk.org/index.php?action=profile;u=2395392
submitted by willliams1 to BountyICO [link] [comments]

Bitcoin/Shitcoin

Could you please comment with an educated guess about Bitcoin's next dip?
I have watched several Nouriel Roubini's videos, where he basically spits on cryptos, blockchain, shitcoins, and Bitcoin.
I have to say he speaks in an authoritarian way with a lot of confidence and what seems like anger but could be associated with allergy to a radically new socio-economical paradigm that Bitcoin and blockchain space could represent.
Although he is widely regarded as an "economy" guru etc... And I respect that; his whole character really bothers me because he is just a puppet that is here to alter the truth... So here is quick destruction of the beginning of his argumentation, I will remain extremely objective and will use external sources to answer his sometimes stupid assertion when any...

  1. NR: "We don't need blockchain, we don't need crypto!" - How bold, how limited! We might not need blockchain, but we need crypto-currencies... So we need blockchain. Bitcoin is too volatile? Then use a stable coin. Below is a pretty simple description of the pro's and cons of stable coins (source: https://www.quora.com/What-are-the-advantages-and-disadvantages-of-Stablecoins-compared-to-traditional-cryptocurrencies ):
Stablecoin has a ton of points of interest.
• The most critical is that these digital currencies enable their proprietors to be moderately tranquil for their benefits, exploiting all the positive parts of cryptoeconomy.
• In certainty, stablecoins can be considered as dollars, gold, oil, etc exchanged crypto exchanges. Normally, against the foundation of different coins that don't have such an incredible base, they are substantially more steady.
For instance, we will take Tether. 1 USDT dependably had an estimation of 1 U.S. dollar. Practically speaking the most extreme expense of USDT was $1,05, and least — $0,92. Be that as it may, there was it at the snapshots of solid variances of the cryptomarket and the negative occasions associated with the working of the cash, for example, breaking and robbery of benefits for the aggregate over $30 million which has occurred in the fall of 2017.
• During the most grounded fall of digital money showcase before the New Year, when numerous monetary standards dropped more than 30-70%, Tether again held out inside 8%. It isn't comprehended what will happen explicitly with USDT because of how designers respond to the occasions, however in itself guaranteeing the money with the dollar desires supported.
• In certainty, an amazing dollar stablecoin will enable us to utilize the USD on cryptoexchanges. Presently numerous trades don't bolster fiat, and those that help, generally speaking, require the client to pass confirmation.
The digital forms of money gave real qualities can be utilized in regular day to day existence, in little and medium business nearly without fears.
Blockchain innovation enables the holder to make sure that his money is truly furnished with an advantage.
Disadvantages of Stablecoin
Be that as it may, stablecoin has various disservices and they don't enable it to make a noteworthy challenge to driving digital forms of money:
• Stablecoin, in contrast to regular cryptographic forms of money, does not bode well to use as a venture resource. In the event that $ 100 stablecoins were purchased for $ 100, at that point in two years they will at present expense $ 100, paying little mind to what will happen to the dollar.
• Stablecoin, binded to a customary resource, ends up being reliant on it and on the customary money related structure, which involves dangers not found in regular cryptographic forms of money.
• Some clients aren't sure that the official to a customary financial framework can give a decentralizovannost, and to the proprietor — obscurity.
• Finally, if the digital currency speaks to a code which is recorded in the memory of the PC, at that point the customary resource frequently requests exceptional capacity conditions, assets for giving these conditions, etc.
As per Bitcoin: It is a speculative asset, not a currency that can be used to simply exchange value. In order for Bitcoin to become a currency, a country should make Bitcoin as its own national currency and should accept having no control over its own currency price fluctuation...
  1. "NR: I would say 99% of crypto-currencies are worth 0" - If you know well, just short them... Skin in the game...
  2. NR: "Why would I want to trust somebody in Russia or somebody in China to validate my transactions?" - Although we can not rationally explain this sentence, let's still suppose that all the Bitcoin transactions are validated by Russian and Chinese, as Nouriel seems to believe, then the reason are simple. a) It is faster b) It is cheaper c) It is safer d) It is 100% reliable d) It is more stable e) It is more transparent f) Ask former Lehman Brother's clients' why they might prefer using Bitcoin or other decentralized crypto currency...
  3. NR: "To me this entire space has been the mother and the father of all financial bubbles" Come on! We are just out of the 2008 financial crisis that wiped:

I mean, I could go on and on and on, but having someone so famous that really lies so much with impunity makes me sick.
And tired actually... So yeah...
submitted by ricosworks to Bitcoin [link] [comments]

The Great Bitcoin Bull Market Of 2017 by Trace Mayer

By: Trace Mayer, host of The Bitcoin Knowledge Podcast.
Originally posted here with images and Youtube videos.
I just got back from a two week vacation without Internet as I was scouring some archeological ruins. I hardly thought about Bitcoin at all because there were so many other interesting things and it would be there when I got back.
Jimmy Song suggested I do an article on the current state of Bitcoin. A great suggestion but he is really smart (he worked on Armory after all!) so I better be thorough and accurate!
Therefore, this article will be pretty lengthy and meticulous.
BACKGROUND
As I completely expected, the 2X movement from the New York Agreement that was supposed to happen during the middle of my vacation flopped on its face because Jeff Garzik was driving the clown car with passengers willfully inside like Coinbase, Blockchain.info, Bitgo and Xapo and there were here massive bugS and in the code and miners like Bitmain did not want to allocate $150-350m to get it over the difficulty adjustments.
I am very disappointed in their lack of integrity with putting their money where their mouths are; myself and many others wanted to sell a lot of B2X for BTC!
On 7 December 2015, with Bitcoin trading at US$388.40, I wrote The Rise of the Fourth Great Bitcoin Bubble. On 4 December 2016, with Bitcoin trading at US$762.97, I did this interview:

As of 26 November 2017, Bitcoin is trading around US$9,250.00. That is an increase of about 2,400% since I wrote the article prognosticating this fourth great Bitcoin bull market. I sure like being right, like usual (19 Dec 2011, 1 Jul 2013), especially when there are financial and economic consequences.
With such massive gains in such a short period of time the speculative question becomes: Buy, Hold or Sell?
FUNDAMENTALS
Bitcoin is the decentralized censorship-resistant Internet Protocol for transferring value over a communications channel.
The Bitcoin network can use traditional Internet infrastructure. However, it is even more resilient because it has custom infrastructure including, thanks to Bitcoin Core developer Matt Corrallo, the FIBRE network and, thanks to Blockstream, satellites which reduce the cost of running a full-node anywhere in the world to essentially nothing in terms of money or privacy. Transactions can be cheaply broadcast via SMS messages.
SECURITY
The Bitcoin network has a difficulty of 1,347,001,430,559 which suggests about 9,642,211 TH/s of custom ASIC hardware deployed.
At a retail price of approximately US$105/THs that implies about $650m of custom ASIC hardware deployed (35% discount applied).
This custom hardware consumes approximately 30 TWh per year. That could power about 2.8m US households or the entire country of Morocco which has a population of 33.85m.
This Bitcoin mining generates approximately 12.5 bitcoins every 10 minutes or approximately 1,800 per day worth approximately US$16,650,000.
Bitcoin currently has a market capitalization greater than $150B which puts it solidly in the top-30 of M1 money stock countries and a 200 day moving average of about $65B which is increasing about $500m per day.
Average daily volumes for Bitcoin is around US$5B. That means multi-million dollar positions can be moved into and out of very easily with minimal slippage.
When my friend Andreas Antonopolous was unable to give his talk at a CRYPSA event I was invited to fill in and delivered this presentation, impromptu, on the Seven Network Effects of Bitcoin.
These seven network effects of Bitcoin are (1) Speculation, (2) Merchants, (3) Consumers, (4) Security [miners], (5) Developers, (6) Financialization and (7) Settlement Currency are all taking root at the same time and in an incredibly intertwined way.
With only the first network effect starting to take significant root; Bitcoin is no longer a little experiment of magic Internet money anymore. Bitcoin is monster growing at a tremendous rate!!

SPECULATION
For the Bitcoin price to remain at $9,250 it requires approximately US$16,650,000 per day of capital inflow from new hodlers.
Bitcoin is both a Giffen good and a Veblen good.
A Giffen good is a product that people consume more of as the price rises and vice versa — seemingly in violation of basic laws of demand in microeconomics such as with substitute goods and the income effect.
Veblen goods are types of luxury goods for which the quantity demanded increases as the price increases in an apparent contradiction of the law of demand.
There are approximately 16.5m bitcoins of which ~4m are lost, ~4-6m are in deep cold storage, ~4m are in cold storage and ~2-4m are salable.
(http://www.runtogold.com/images/lost-bitcoins-1.jpg)
(http://www.runtogold.com/images/lost-bitcoins-2.jpg)
And forks like BCash (BCH) should not be scary but instead be looked upon as an opportunity to take more territory on the Bitcoin blockchain by trading the forks for real bitcoins which dries up more salable supply by moving it, likely, into deep cold storage.
According to Wikipedia, there are approximately 15.4m millionaires in the United States and about 12m HNWIs ($30m+ net worth) in the world. In other words, if every HNWI in the world wanted to own an entire bitcoin as a 'risk-free asset' that cannot be confiscated, seized or have the balance other wise altered then they could not.
For wise portfolio management, these HNWIs should have at least about 2-5% in gold and 0.5-1% in bitcoin.
Why? Perhaps some of the 60+ Saudis with 1,700 frozen bank accounts and about $800B of assets being targetted might be able to explain it to you.
In other words, everyone loves to chase the rabbit and once they catch it then know that it will not get away.
RETAIL
There are approximately 150+ significant Bitcoin exchanges worldwide. Kraken, according to the CEO, was adding about 6,000 new funded accounts per day in July 2017.
Supposedly, Coinbase is currently adding about 75,000 new accounts per day. Based on some trade secret analytics I have access to; I would estimate Coinbase is adding approximately 17,500 new accounts per day that purchase at least US$100 of Bitcoin.
If we assume Coinbase accounts for 8% of new global Bitcoin users who purchase at least $100 of bitcoins (just pulled out of thin error and likely very conservative as the actual number is perhaps around 2%) then that is approximately $21,875,000 of new capital coming into Bitcoin every single day just from retail demand from 218,750 total new accounts.
What I have found is that most new users start off buying US$100-500 and then after 3-4 months months they ramp up their capital allocation to $5,000+ if they have the funds available.
After all, it takes some time and practical experience to learn how to safely secure one's private keys.
To do so, I highly recommend Bitcoin Core (network consensus and full validation of the blockchain), Armory (private key management), Glacier Protocol (operational procedures) and a Puri.sm laptop (secure non-specialized hardware).
WALL STREET
There has been no solution for large financial fiduciaries to invest in Bitcoin. This changed November 2017.
LedgerX, whose CEO I interviewed 23 March 2013, began trading as a CFTC regulated Swap Execution Facility and Derivatives Clearing Organization.
The CME Group announced they will begin trading in Q4 2017 Bitcoin futures.
The CBOE announced they will begin trading Bitcoin futures soon.
By analogy, these institutional products are like connecting a major metropolis's water system (US$90.4T and US$2 quadrillion) via a nanoscopic shunt to a tiny blueberry ($150B) that is infinitely expandable.
This price discovery could be the most wild thing anyone has ever experienced in financial markets.
THE GREAT CREDIT CONTRACTION
The same week Bitcoin was released I published my book The Great Credit Contraction and asserted it had now begun and capital would burrow down the liquidity pyramid into safer and more liquid assets.
(http://www.runtogold.com/images/Great-Credit-Contraction-Liquidity-Pyramid.jpg)
Thus, the critical question becomes: Is Bitcoin a possible solution to the Great Credit Contraction by becoming the safest and most liquid asset?
BITCOIN'S RISK PROFILE
At all times and in all circumstances gold remains money but, of course, there is always exchange rate risk due to price ratios constantly fluctuating. If the metal is held with a third-party in allocated-allocated storage (safest possible) then there is performance risk (Morgan Stanley gold storage lawsuit).
But, if properly held then, there should be no counter-party risk which requires the financial ability of a third-party to perform like with a bank account deposit. And, since gold exists at a single point in space and time therefore it is subject to confiscation or seizure risk.
Bitcoin is a completely new asset type. As such, the storage container is nearly empty with only $150B.
And every Bitcoin transaction effectively melts down every BTC and recasts it; thus ensuring with 100% accuracy the quantity and quality of the bitcoins. If the transaction is not on the blockchain then it did not happen. This is the strictest regulation possible; by math and cryptography!
This new immutable asset, if properly secured, is subject only to exchange rate risk. There does exist the possibility that a software bug may exist that could shut down the network, like what has happened with Ethereum, but the probability is almost nil and getting lower everyday it does not happen.
Thus, Bitcoin arguably has a lower risk profile than even gold and is the only blockchain to achieve security, scalability and liquidity.
To remain decentralized, censorship-resistant and immutable requires scalability so as many users as possible can run full-nodes.
(http://www.runtogold.com/images/ethereum-bitcoin-scability-nov-2017.png)
TRANSACTIONS
Some people, probably mostly those shilling alt-coins, think Bitcoin has a scalability problem that is so serious it requires a crude hard fork to solve.
On the other side of the debate, the Internet protocol and blockchain geniuses assert the scalability issues can, like other Internet Protocols have done, be solved in different layers which are now possible because of Segregated Witness which was activated in August 2017.
Whose code do you want to run: the JV benchwarmers or the championship Chicago Bulls?
As transaction fees rise, certain use cases of the Bitcoin blockchain are priced out of the market. And as the fees fall then they are economical again.
Additionally, as transaction fees rise, certain UTXOs are no longer economically usable thus destroying part of the money supply until fees decline and UTXOs become economical to move.
There are approximately 275,000-350,000 transactions per day with transaction fees currently about $2m/day and the 200 DMA is around $1.08m/day.
(http://www.runtogold.com/images/bitcoin-transaction-fees-nov-2017.png)
What I like about transaction fees is that they somewhat reveal the financial health of the network.
The security of the Bitcoin network results from the miners creating solutions to proof of work problems in the Bitcoin protocol and being rewarded from the (1) coinbase reward which is a form of inflation and (2) transaction fees which is a form of usage fee.
The higher the transaction fees then the greater implied value the Bitcoin network provides because users are willing to pay more for it.
I am highly skeptical of blockchains which have very low transaction fees. By Internet bubble analogy, Pets.com may have millions of page views but I am more interested in EBITDA.
DEVELOPERS
Bitcoin and blockchain programming is not an easy skill to acquire and master. Most developers who have the skill are also financially independent now and can work on whatever they want.
The best of the best work through the Bitcoin Core process. After all, if you are a world class mountain climber then you do not hang out in the MacDonalds play pen but instead climb Mount Everest because that is where the challenge is.
However, there are many talented developers who work in other areas besides the protocol. Wallet maintainers, exchange operators, payment processors, etc. all need competent developers to help build their businesses.
Consequently, there is a huge shortage of competent developers. This is probably the largest single scalability constraint for the ecosystem.
Nevertheless, the Bitcoin ecosystem is healthier than ever before.
(http://www.runtogold.com/images/bitcoin-ecosystem.jpg)(/images/bitcoin-ecosystem-small.jpg)
SETTLEMENT CURRENCY
There are no significant global reserve settlement currency use cases for Bitcoin yet.
Perhaps the closest is Blockstream's Strong Federations via Liquid.
PRICE
There is a tremendous amount of disagreement in the marketplace about the value proposition of Bitcoin. Price discovery for this asset will be intense and likely take many cycles of which this is the fourth.
Since the supply is known the exchange rate of Bitcoins is composed of (1) transactional demand and (2) speculative demand.
Interestingly, the price elasticity of demand for the transactional demand component is irrelevant to the price. This makes for very interesting dynamics!
(http://www.runtogold.com/images/bitcoin-speculation.jpg)
On 4 May 2017, Lightspeed Venture Partners partner Jeremy Liew who was among the early Facebook investors and the first Snapchat investor laid out their case for bitcoin exploding to $500,000 by 2030.
On 2 November 2017, Goldman Sachs CEO Lloyd Blankfein (https://www.bloomberg.com/news/articles/2017-11-02/blankfein-says-don-t-dismiss-bitcoin-while-still-pondering-value)said, "Now we have paper that is just backed by fiat...Maybe in the new world, something gets backed by consensus."
On 12 Sep 2017, JP Morgan CEO called Bitcoin a 'fraud' but conceded that "(http://fortune.com/2017/09/12/jamie-dimon-bitcoin-cryptocurrency-fraud-buy/)Bitcoin could reach $100,000".
Thus, it is no surprise that the Bitcoin chart looks like a ferret on meth when there are such widely varying opinions on its value proposition.
I have been around this space for a long time. In my opinion, those who scoffed at the thought of $1 BTC, $10 BTC (Professor Bitcorn!), $100 BTC, $1,000 BTC are scoffing at $10,000 BTC and will scoff at $100,000 BTC, $1,000,000 BTC and even $10,000,000 BTC.
Interestingly, the people who understand it the best seem to think its financial dominance is destiny.
Meanwhile, those who understand it the least make emotionally charged, intellectually incoherent bearish arguments. A tremendous example of worldwide cognitive dissonance with regards to sound money, technology and the role or power of the State.
Consequently, I like looking at the 200 day moving average to filter out the daily noise and see the long-term trend.
(http://www.runtogold.com/images/bitcoin-price-200dma-nov-2017.png)
Well, that chart of the long-term trend is pretty obvious and hard to dispute. Bitcoin is in a massive secular bull market.
The 200 day moving average is around $4,001 and rising about $30 per day.
So, what do some proforma situations look like where Bitcoin may be undervalued, average valued and overvalued? No, these are not prognostications.
(http://www.runtogold.com/images/bitcoin-price-pro-forma.png)
Maybe Jamie Dimon is not so off his rocker after all with a $100,000 price prediction.
We are in a very unique period of human history where the collective globe is rethinking what money is and Bitcoin is in the ring battling for complete domination. Is or will it be fit for purpose?
As I have said many times before, if Bitcoin is fit for this purpose then this is the largest wealth transfer in the history of the world.
CONCLUSION
Well, this has been a brief analysis of where I think Bitcoin is at the end of November 2017.
The seven network effects are taking root extremely fast and exponentially reinforcing each other. The technological dominance of Bitcoin is unrivaled.
The world is rethinking what money is. Even CEOs of the largest banks and partners of the largest VC funds are honing in on Bitcoin's beacon.
While no one has a crystal ball; when I look in mine I see Bitcoin's future being very bright.
Currently, almost everyone who has bought Bitcoin and hodled is sitting on unrealized gains as measured in fiat currency. That is, after all, what uncharted territory with daily all-time highs do!
But perhaps there is a larger lesson to be learned here.
Riches are getting increasingly slippery because no one has a reliable defined tool to measure them with. Times like these require incredible amounts of humility and intelligence guided by macro instincts.
Perhaps everyone should start keeping books in three numéraires: USD, gold and Bitcoin.
Both gold and Bitcoin have never been worth nothing. But USD is a fiat currency and there are thousands of those in the fiat currency graveyard. How low can the world reserve currency go?
After all, what is the risk-free asset? And, whatever it is, in The Great Credit Contraction you want it!
What do you think? Disagree with some of my arguments or assertions? Please, eviscerate them on Twitter or in the comments!
submitted by bitcoinknowledge to Bitcoin [link] [comments]

Litecoin network - A platform to coordinate community projects and inform about a decentralized currency. + Donation-GiveAway 10LTC

This is a call to everyone who wants to join and work for a decentralized community driven Network (Litecoin). Maybe you already are a Litecoin enthusiast, if not you are Welcome.
 
If we hit 1k upvotes I will giveaway 10 x 0.5LTC.
The other 5 LTC are the first community based Development call:
I will start with this site within a few weeks if nobody has time for it now, because I am also very busy right now.
 
What we want to achieve, is a Website to:
 
1) coordinate community driven projects with (Donations or Fundraising), many of us doing a ton of things for free, but there are Projects where some sort of Fundraising or Donations has a way more affect.  
To point out a few projects:
Adoption - contact business, stores, build services, Infromation pages , How to
Marketing - short videos, Flayer , sticker , t-shirt contest, Designs, Benefit sheet
Development - Apps, Websites, Payment service, Lightning network, nodes,
concept Presentation
   
Welcome to the Litecoin Community Alliance (LCA). Now hiring!
My Call to Arms: An Action Plan to Contact Businesses
Litecoin Foundation Pledge Drive!
Microsoft Litecoin
Who we should push for acceptance
Netflix Litecoin
Development for Litecoin
..
..
Reddit as that is a great way to share, but you cant keep track on current community projects, because they are lost in the wild after some time. The best would be to store that infromation on a seperate website, from there we can handle such projects a way better and can use reddit , Twitter, ... to share it and maybe find some additional help.
   
2) Litecoin - Foundation - Developments
The Litecoin didnt do any sort of a big fundraising or an ICO,because of that the Foundation only can exist out of Donations Litecoin didnt has a CEO or something like a huge Develoment team (currently 3 are hired), because its based on the community. One of the last fair released and real community driven crypto currencie. https://litecoin-foundation.org/donation/
A overview of current Developments that are in progress, with a Developer Description, pointing out all Benefits (pro con), What it can do and for what reason it would be nice to have. A monthly Status Update how things are goein formated in a Blog Form, where all news can be putted together for a specific protocoll or type of Development, seperated form professional commits and user commits.
 
Litecoin Roadmap 2017
 
Segwit - What is it what it can do what it will change
Segwit - youtubevideo by Franklyn
coindesk segwit activation why it matters and whats next
coindesk litecoin is giving a new life
 
Ligthning Network - What is it what it can what what it will change
LN - youtubevideo by Franklyn
ln.network
First LN Transation on LTC mainnet
 
RSK - Rootstock Sidechains
RSK - youtubevideo by Franklyn
rsk.com
rsk turns litecoin and bitcoin into something like Eth. RSK is a giant supercomputer network that you use LTC or BTC to gain access to it. You can build dAPPS like you can with ETH through RSK.
 
MAST - Smart Contracts
Inside MAST: The Little-Known Plan to Advance Bitcoin Smart Contracts
twitter
 
Multisig - wallets
Multisig - youtubevideo by Franklyn
-- Atmoic Swaps -- a Feature to eliminate a 3rd Party Exchange like coinbase to trade between Litecoin and Bitcoin.
Its hard for new users to find quality informations out there, it would be nice to bundle this up.
   
3) 3rd Party Development, Payment Service, Adoption
BitGo is now workin on security Solutions for litecoin
Bitgo.com
Litecoin ATMS doubled
Acinq Ligthning Network Wallet for Android BTC and LTC
Acinq.co
   
4) Facts about Litecoin
Litecoin is the most secure network with Bitcoin, it has the second biggest network hashrate.
It has the third biggest trading volume ( around 6B$ per month ) compaired with ETH and BTC at around 35B$.
The first block was mined 2011-10-08, so its the second oldest coin within the TOP coins and the oldest coin that didnt forked. :)
The blocktime is 2m 5s, what is around 4times faster then BTC
Fun fact: LTC still can handle more transactions then the forked 8MB Bitcoincash per second, buy only useing a 1MB block.
It has 45.000 litecoin subs, what makes it the 3rd biggest community.
It has around 1000 tx per hour compaired with 10000 BTC / 12000ETH / 200 DASH / 130 XMR
Transaction volume last 24hours: 30,930,705 LTC = ($1,486,365,727 USD)
Transaction volume last 24hours: 2,507,343 BTC = ($8,303,929,297 USD)
Transaction volume last 24hours: 442,464 DASH= ( $86,797,143 USD)
and so on.
   
but dont forget what all Cryptos are planed to be, we should not work against each other we should help us all.
SEGWIT shall unite us
   
Its not about what Litecoin can do for you, its about what you can do for Litecoin. To drive the 6 year old sucess story to a new Level. We need your help.
   
Special thanks to:
u/coblee - for being the creator of something big, and do everything to stay decentralize
u/mastertrader777 - maybe you can help to share this Post
u/ltcisking - maybe we can link the project.
@Franklyn Richards for that great videos, I would like to see more of them
 
and many many more...
 
If you like that Idea, maybe we can make #LTCnetwork a thing.
submitted by goldMy to litecoin [link] [comments]

Analyzing Temtum Blockchain

Temtum is another peer to peer cryptocurrency, because of its lightweight featureanybody can support the Temporal Blockchain network, making another universe of financial open door away from fused associations The speed of the Temporal network is unmatched by any current blockchain innovation, with 120k TPS achieved in our lab condition and speculatively vast, genuinely influenced by the size of the network.
The ultra-lightweight architecture, capability and accord of transactions on Temporal empowers incomprehensible verification speed. Temporal considers fleeting data storage on centers, while keeping the reliability of the blockchain and its full history. With Temtum agreement algorithm, transactions are never again required to be sent to every center, rather sent truly to the pioneer center. Along these lines, no wasted resources spent in the superfluous duplication of messages.
This lessening in storage and taking care of power makes interest in the network from low-resourced devices possible, while using less imperativeness than existing blockchain innovation.
Temtum Consensus algorithm eliminate the essential for mining, abstaining from the necessity for significantly wasteful and restrictive accord systems, for instance, Proof of Work. Proof of work by and by requires stores of insignificant essentialness raised computational figurings in order to attest transactions. With Temtum stand-out accord algorithm we reduce this to a singular estimation which each center point can independently calculate and get in contact at a comparative result
The Team #SWOT
The achievement of any effective project depends entirely on the validity and ability of the team. The Temtum team has tremendous knowledge of blockchain and Fintech combined with different experts and mastery in various field Temtum came to presence. Let view the Team profile
Dr Douglas Meakin — President
Douglas is an accomplished specialized official with numerous years working inside designing, item development, quality systems and procedures and tasks in driving edge technology enterprises. He is a demonstrated business and tasks pioneer and specialist of progress in a global setting, having changed huge associations globally while overseeing enormous increments in extension, multifaceted nature and business volumes. He is focused on compelling and persuasive initiative of teams and development of human potential. Most as of late Douglas was the corporate VP of global provider management at Lam Research Corporation, a main provider of semiconductor handling gear, situated in Silicon Valley, California. Doug is CEO of temtum and sits on the governing body.
Richard Dennis — Chief Development Officer
Richard is the organizer of Dragon, and a globally acknowledged, productive and colossal cybersecurity and cryptography master. He is likewise globally perceived as one of the world's driving cybersecurity instructors with a specialism in secure networks, blockchain and encryption. He has a critical assemblage of distributed research, refered to 100's of times inside Blockchain, and introductions on cutting edge arrangements over a wide scope of subjects, including Bitcoin wallet powerlessness, an examination into the versatility of Bitcoin and Ethereum, and a formal investigation of the Temporal square.
Ginger Saltos — Chief Technology Officer
Ginger has a MSc in Security IT, MSc in Forensics IT and has worked widely as a telematics engineer. She has five years of experience crosswise over open and privately owned businesses in security evaluating in Ecuador and she has prompted the Ecuadorian government about security on systems, approach and methods. She is at present a teacher at ESPOL, showing programming, databases, security IT and Forensics IT. Open-Sec Ethical Hacker Certificate OP3N-53C 37H1C4L H4CK3R (OSEH). She is additionally a PhD up-and-comer on the theme of 'Dissecting Malware utilizing Phylogenetics.' Her key specialisms are man-made brainpower and web security.
Dr Gareth Owenson — Chief Information Security Officer
Gareth holds a PhD in Computer Science and a BSc in Internet Technology and is a master in web security, cryptography and dispersed systems. He has directed research in enormous dispersed systems with a specific enthusiasm for cryptographic applications, for example, darknets and computerized crime scene investigation, including creating robotized examination methods to quickly figure out cutting edge malware to decide its functionality and create countermeasures. He has composed numerous productions in diaries and gatherings and normally fills in as a ref for Elsevier, IEEE and CHINACOM. He has led a huge report into the utilization of darknets; he is broadly perceived as a specialist in this field and as often as possible talks on this point. He has additionally prompted the UK and US governments on darknets and web sifting strategy.
David Hodkinson — Chief Financial Officer
David is the fellow benefactor and CEO of Harvex, a pro firm working with clients in the cryptocurrency, blockchain and online gaming part. He has worked with different high-value ICO's, prompting on universal organizing, banking and duty. As a certified accountant, he has supervised the financial illicit relationships of a wide scope of cryptocurrency organizations. Close by this, he has been associated with the vital dispatch of various online gaming organizations and the incorporation of cryptocurrency with these platforms.
Cyntia Aguirre — Chief Software Architect
Cyntia is a Master of Science in Software Engineering with a strong background in software development and IT architecture. She has four years' experience both creating as a full stack engineer and structuring and executing software as an IT planner for the financial industry (Banco del Austro S.A.). She likewise holds a PMP accreditation (Project Manager Professional) affirmed by the Project Management Institute USA.
Website: https://temtum.com/
Whitepapper: https://temtum.com/downloads/temtum-whitepaper.pdf
Twitter: https://twitter.com/wearetemtum
Reddit: https://www.reddit.com/temtum
Facebook: https://www.facebook.com/wearetemtum
Youtube: https://www.youtube.com/channel/UCxEJq-piVp83Cm3yAOtQgkg
Github: https://github.com/temtum
Author Details
Bitcointalk username: Jeborn
Profile Link; https://bitcointalk.org/index.php?action=profile;u=2539483
submitted by jamisky to Crypto_General [link] [comments]

MeWe: A trip report

Among the more frequently mentioned G+ alternatives at the Google+ Mass Migration community, and others, is MeWe with over 250 mentions. The site bills itself as "The Next-Gen Social Network" and the "anti-Facebook": "No Ads, No Political Bias, No Spyware. NO BS. It is headed by professed Libertarian CEO Mark Weinstein.
As the site reveals no public user-generated content to non-members, it's necessary to create an account in order to get a full impression. I thought I'd provide an overview based on recent explorations.
This report leads of with background on the company, though readers may find the report and analysis of specific groups on the site of interest.

Leadership

Founder & CEO Mark Weinstein.
Co-Founder & Chief Scientist, Jonathan Wolfe (no longer with company).
Weinstein previously founded SuperFamily and SuperFriends, "at the turn of the millennium". Weinstein's MeWe biography lists articles published by The Mirror (UK), Huffington Post, USA Today, InfoSecurity Magazine, Dark Reading, and the Nation. His media appearances include MarketWatch, PBS, Fox News, and CNN. He's also the author of several personal-success books.
His Crunchbase bio is a repeat of the MeWe content.

Advisory Board

Ownership & Investment

MeWe is the dba of Sgrouples, a private for-profit early-stage venture company based in Los Angeles, though with a Mountain View HQ and mailing address, 11-50 employees, with $10m in funding over five rounds, and a $20m valuation as of 2016.
Sgrouples, Inc., dba MeWe Trust & Safety - Legal Policy c/o Fenwick West 801 California Street Mountain View, CA 94041
Crunchbase Profile.
Founded: 2012 (source)
Secured $1.2M in seed funding in 2014.
2016 valuation: $20m (source]
Backers:
Despite the business address, the company claims to be based in Los Angeles County, California and is described by the Los Angeles Business Journal as a Culver City, CA, company.

Business

Policy

In an August 6, 2018 Twitter post, Weinstein promotes MeWe writing:
Do you have friends still on Facebook? Share this link with them about Facebook wanting their banking information - tell them to move to MeWe now! No Ads. No Spyware. No Political Agenda. No Bias Algorithms. No Shadow Banning. No Facial Recognition.
MeWe provide several policy-related links on the site:
Highlights of these follow.

Privacy

The privacy policy addresses:

Terms of Service

The ToS addresses:
Effective: November 6, 2018.

FAQ

The FAQ addresses:

Values

This emphasises that people are social cratures and private people by right. The service offers the power of self expression under an umbrella of safety. It notes that our innermost thoughts require privacy.
Under "We aspire...":
MeWe is here to empower and enrich your world. We challenge the status quo by making privacy, respect, and safety the foundations of an innovatively designed, easy-to-use social experience.
Totalling 182 words.

Privacy Bill of Rights

A ten-item statement of principles (possibly inspired by another document, it might appear):
  1. You own your personal information & content. It is explicitly not ours.
  2. You will never receive a targeted advertisement or 3rd party content based on what you do or say online. We think that's creepy.
  3. You see every post in timeline order from your friends, family & groups. We do not manipulate, filter, or change the order of your content or what you see.
  4. Permissions & privacy are your rights. You control them.
  5. You control who can access your content.
  6. You control what, if anything, others can see in member searches.
  7. Your privacy means we do not share your personal information with anyone.
  8. Your emojis are for you and your friends. We do not monitor or mine your data.
  9. Your face is your business. We do not use facial recognition technology.
  10. You have the right to delete your account and take your content with you at any time.

Press

There are a few mentions of MeWe in the press, some listed on the company's website, others via web search.

Self-reported articles

The following articles are linked directly from MeWe's Press page:
The page also lists a "Privacy Revolution Required Reading" list of 20 articles all addressing Facebook privacy gaffes in the mainstream press (Wired, TechCrunch, Fortune, Gizmodo, The Guardian, etc.).
There are further self-reported mentions in several of the company's PR releases over the years.

Other mentions

A DuckDuckGo search produces several other press mentions, including:

Technology

This section is a basic rundown of the user-visible site technology.

Mobile Web

The site is not natively accessible from a mobile Web browser as it is overlayed with a promotion for the mobile application instead. Selecting "Desktop View" in most mobile browsers should allow browser-based access.

Mobile App

There are both Android and iOS apps for MeWe. I've used neither of these, though the App store entries note:
Crunchbase cites 209,220 mobile downloads over the past 30 days (via Apptopia), an 80.78% monthly growth rate, from Google Play.

Desktop Web

Either selecting "View Desktop" or navigating with a Desktop browser to https://www.mewe.com your are presented with a registration screen, with the "About", "Privacy Bill of Rights", "MeWe Challenge", and a language selector across the top of the page. Information requested are first and last name, phone or email, and a password. Pseudonymous identities are permitted, though this isn't noted on the login screen. Returning members can use the "Member Log In" button.
The uMatrix Firefox extension reveals no third-party content: all page elements are served from mewe.com, img.mewe.com, cdn.mewe.com, or ws.mewe.com. (In subsequent browsing, you may find third-party plugins from, for example, YouTube, for videos, or Giphy, for animated GIFs.)
The web front-end is nginx. The site uses SSL v3, issued by DigiCert Inc. to Sgrouples, Inc.

Onboarding

The onboarding experience is stark. There is no default content presented. A set of unidentified icons spans the top of the screen, these turn out to be Home, Chats, Groups, Pages, and Events. New users have to, somehow, find groups or people to connect with, and there's little guidance as to how to do this.

Interface

Generally there is a three panel view, with left- and right-hand sidebars of largely navigational or status information, and a central panel with main content. There are also pop-up elements for chats, an omnipresent feature of the site.
Controls display labels on some devices and/or resolutions. Controls do not provide tooltips for navigational aid.

Features

Among the touted features of MeWe are:

Community

A key aspect of any social network is its community. Some of the available or ascertained information on this follows.

Size

Weinstein claims a "million+ following inside MeWe.com" on Twitter.
The largest visible groups appear to have a maximum of around 15,000 members , for "Awesome gifs". "Clean Comedy" rates 13,350, and the largest open political groups, 11,000+ members.
This compares to Google+ which has a staggering, though Android-registrations-inflated 3.3 billion profiles, and 7.9 million communities, though the largest of these come in at under 10 million members. It's likely that MeWe's membership is on the whole more more active than Google+'s, where generally-visible posting activity was limited to just over 9% of all profiles, and the active user base was well under 1% of the total nominal population.

Active Users

MeWe do not publish active users (e.g., MUA / monthly active users) statistics.

Groups

MeWe is principally a group-oriented discussion site -- interactions take place either between individuals or within group contexts. Virtually all discovery is group-oriented. The selection and dynamics of groups on the site will likely strongly affect user experience, so exploring the available groups and their characteristics is of interest.
"MeWe has over 60,000 open groups" according to its FAQ.
The Open groups -- visible to any registered MeWe user, though not to the general public Web -- are browsable, though sections and topics must be expanded to view the contents: an overview isn't immediately accessible. We provide a taste here.
A selection of ten featured topics spans the top of the browser. As I view these, they are:
Specific groups may appear in multiple categories.
The top Groups within these topics have, variously, 15,482, 7,738, 15,482 (dupe), 7,745, 8,223, 8,220, 1,713, 9,527, 2,716, and 1,516 members. Listings scroll at length -- the Music topic has 234 Groups, ranging in size from 5 to 5,738 members, with a median of 59, mean of 311.4, and a 90%ile of 743.5.
Below this is a grid of topics, 122 in all, ranging from Activism to Wellness, and including among them. A selected sample of these topics, with top groups listed members in (parens), follows:
To be clear: whilst I've not included every topic, I've sampled a majority of them above, and listed not an arbitrary selection, but the top few Groups under each topic.

Google+ Groups

The Google Plus expats group seems the most active of these by far.

Political Groups

It's curious that MeWe make a specific point in their FAQ that:
At MeWe we have absolutely no political agenda and we have a very straightforward Terms of Service. MeWe is for all law-abiding people everywhere in the world, regardless of political, ethnic, religious, sexual, and other preferences.
There are 403 political groups on MeWe. I won't list them all here, but the first 100 or so give a pretty clear idea of flavour. Again, membership is in (parentheses). Note that half the total political Groups memberships are in the first 21 groups listed here, the first 6 are 25% of the total.
  1. Donald J. Trump 2016 - Present (11486)
  2. The Conservative's Hangout (8345)
  3. Qanon Follow The White Rabbit (5600)
  4. Drain The Swamp (4978)
  5. Libertarians (4528)
  6. United We Stand Trump2020 (4216)
  7. The Right To Self Defense (3757)
  8. Alternative Media (3711)
  9. Hardcore Conservative Patriots for Trump (3192)
  10. Bastket Of Deplorables4Trump! (3032)
  11. Return of the Republic (2509)
  12. Infowars Chat Room Unofficial (2159)
  13. Donald Trump Our President 2017-2025 (2033)
  14. Berners for Progress (1963)
  15. Sean Hannity Fans (1901)
  16. The American Conservative (1839)
  17. I Am The NRA (1704)
  18. Tucker Carlson Fox News (1645)
  19. We Love Donald Trump (1611)
  20. MAGA - Make America Great Again (1512)
  21. Q (1396)
  22. ClashDaily.com (1384)
  23. news from the front (1337)
  24. Basket of Deplorables (1317)
  25. Payton's Park Bench (1283)
  26. Convention of States (1282)
  27. Britons For Brexit (1186)
  28. MoJo 5.0 Radio (1180)
  29. MeWe Free Press (1119)
  30. The Constitutionally Elite (1110)
  31. Libertarian (1097)
  32. WOMEN FOR PRESIDENT TRUMP (1032)
  33. AMERICANS AGAINST ISIS and OTHER ENEMIES (943)
  34. #WalkAway Campaign (894)
  35. ALEX JONES (877)
  36. The Lion Is Awake ! (854)
  37. We Support Donald Trump! (810)
  38. The Stratosphere Lounge (789)
  39. TRUMP-USA-HANDS OFF OUR PRESIDENT (767)
  40. Official Tea Party USA (749)
  41. Mojo50 Jackholes (739)
  42. Yes Scotland (697)
  43. "WE THE DEPLORABLE" - MOVE ON SNOWFLAKE! (688)
  44. Judge Jeanine Pirro Fans (671)
  45. Anarcho-Capitalism (658)
  46. Ted Cruz for President (650)
  47. No Lapdog Media (647)
  48. Q Chatter (647)
  49. Daily Brexit (636)
  50. Tucker Carlson Fox News (601)
  51. The Trumps Storm Group (600)
  52. QAnon-Patriots WWG1WGA (598)
  53. 100% American (569)
  54. Ladies For Donald Trump (566)
  55. Deep State (560)
  56. In the Name of Liberty (557)
  57. Material Planet (555)
  58. WikiUnderground (555)
  59. Trump NRA Free Speech Patriots on MeWe Gab.ai etc (546)
  60. Magna Carta Group (520)
  61. Constitutional Conservatives (506)
  62. Question Everything (503)
  63. Conspiracy Research (500)
  64. Bill O'Reilly Fans (481)
  65. Conservative Misfit's (479)
  66. Canadian politics (478)
  67. Anarchism (464)
  68. HARDCORE DEPLORABLES (454)
  69. Deplorable (450)
  70. Tampa Bay Trump Club (445)
  71. UK Politics (430)
  72. Bongino Fan Page (429)
  73. Radical Conservatives (429)
  74. RESIST THE RESISTANCE (419)
  75. The Deplorables (409)
  76. America's Freedom Fighters (401)
  77. Politically Incorrect & Proud (399)
  78. CONSERVATIVES FOR AMERICA ! (385)
  79. Political satire (383)
  80. RISE OF THE RIGHT (371)
  81. UK Sovereignty,Independence,Democracy -Everlasting (366)
  82. The Patriots Voting Coalition (359)
  83. End The Insanity (349)
  84. Coming American Civil War! (345)
  85. Constitutional Conservatives (343)
  86. United Nations Watch (342)
  87. A Revival Of The Critical Thinking Union (337)
  88. The New Libertarian (335)
  89. Libertarian Party (official ) (333)
  90. DDS United (Duterte Die-hard Supporters) (332)
  91. American Conservative Veterans (331)
  92. Anarchism/Agorism/Voluntaryism (328)
  93. America Needs Donald Trump (326)
  94. The UKIP Debating Society (321)
  95. Coalition For Trump (310)
  96. Egalitarianism (306)
  97. FRIENDS THAT LIKE JILL STEIN AND THE GREEN PARTY (292)
  98. 2nd Amendment (287)
  99. Never Forget #SethRich (286)
  100. Green Party Supporters 2020 (283)
It seems there is relatively little representation from the left wing, or even the centre, of the political spectrum. A case-insensitive match for "liberal" turns up:
Mainstream political parties are little represented, though again, the balance seems skewed searching on "(democrat|republic|gop)":
The terms "left" and "right" provide a few matches, not all strictly political-axis aligned:
Socialism and Communism also warrant a few mentions:
And there are some references to green, laboulabor parties:

Conclusion

Whilst there may not be a political agenda, there does appear to be at least a slight political bias to the site. And a distinctive skew on many other topical subjects.
Those seeking new homes online may wish to take this into account.

Updates

submitted by dredmorbius to plexodus [link] [comments]

[CryptoNovel] Smells like Satoshi spirit (Part One)

Hi, all. I'm CryptoWukong([email protected]).
As an enthusiast of blockchain and cryptocurrency, I wrote a novel in that area.
Because this novel is my first work, it may be a bit sloppy or boring.
But if you could cheer me up with a little interest, it would be very helpful for me to write my next novel.
I will share this novel in a two or thtee part series, and this is part one. Enjoy your reading.
*Legal Notice: This post is for the purpose of providing personal works, so please be careful in your utilizing them. You cannot copy, distribute, edit the contents without my permission and you may be subject to legal disadvantages if you break this notice,.
_______________________________________________________________________________________________________________________________
"Uhmmm,,,"
Joseph woke up from his sleep, groaning in agony. Was it just a hangover or did he have a dream of his palmy days? Anyway, now he just hate himself for drinking like a dog last night. His former scoop lay on the floor to welcome him, as if it is proving that he was not suffering from a hangover after getting his heavy body out of bed.
「Satoshi Nakamoto, the serial killer of Satoshis」
​
After gulping down cold water, he feels as if he can remember last night like a film that is scattered everywhere.
"Satoshi..."
It happened a few years ago and it was quite forgotten by the public, but when he looked back on it, Joseph even thought he'd rather have not had the scandal.
Satoshi, who launched Bitcoin in early 2009, paved the way of new monetary and financial systems in the world and disappeared along the way. However, developers who saw its potential continued to develop and apply, and as time went on, more and more people participated and added value into it. Thanks to the effort, Bitcoin showed off its influence from some point on, even the existing financial institutions could not ignored anymore.
But in the process, those who claimed to be Satoshi Nakamoto began to appear, and at one point such persons began to be murdered without any trace. Joseph, who was a big fan of blockchain and cryptocurrency, was personally and professionally interested, and he sensed that he could do something big as a reporter. It was a really good touch, and became a reality in the end.
(Doorbell ringing)
"Joseph, are you home?"
Yesterday, Henry, who is Joseph's younger friends from school, rang the doorbell and yelled.
"Jo, are you in there? Did something happen to you?
(Knocking on the door strongly)
Henry began knocking at the door with frustration.
"Stop it. I'm coming!"
Joseph opened the door calmly, as if it wasn't the first time this had happened.
"Hey, what are you doing without answering your phone?"
"What do you think I did?"
"Have you been sleeping? Oh my,,, I thought something was wrong."
Henry was concerned about Joseph and often visits him because Joseph became depressed seriously. But Henry is not always welcomed when visiting and taking care of him .
As going inside the house, Henry saw the article about the scandal on the floor.
"I think we should go out for some fresh air and to eat. I don't want to see you depressed so pitifully at home"
"..."
"Come on, Jo"
When Henry tried to pull him out of the house, Joseph took his hat pretending to not to be able to resist.
It was a normal day as usual, but the world was changing day after day. Especially in the economic field, the whole world is experiencing an era of transformation into a new economic and financial system.
The advent of Bitcoin in early 2009 had a significant impact on the existing status of the US dollar, yen and other currencies, and governments, central banks, and even major companies in developed countries began to seek strategies to take the lead in the new financial era by benchmarking it while keeping an eye on the growth of Bitcoin. When they were ready enough, they calmly waited for the biggest bubble in cryptocurrencies including bitcoin, even intervened to make it happened.
However, the moment big bubble broke, major countries have revealed their hidden claws, and the maximum bubble began to burst, Bitcoin slowly descends into glory for several reasons. Meanwhile, China was the first country to seized the opportunity to get token hegemony.
Joseph and Henry, who decided to have brunch, settled down in the corner of their favorite restaurant.
"I think China was very clever"
Henry spat out as waiting for the menu he had ordered.
"What are you talking about?"
Joseph replied, looking out the window as if he was not interested.
"Look. China, which was cracking down on cryptocurrencies at the national level, issued national token based on Proof of Work. It was a big surprising. In some way, they would have preferred the most intuitive and straightforward method of proof as a one-party state, and they were probably confident that they wouldn't lose the computing power initiative based on the abundance of energy resources. What's interesting is that the token name is ONE. I think it was derived from the national slogan 'One China', but it's ironic that network on Proof of Work could bifurcate at any time"
"That's reasonable explanation"
Joseph said bluntly as getting the ordered meal as if he were slightly interested in talking.
"Another interesting thing is that China issued 1.5 billion tokens. They seem to have set the volume to fit its population, meaning one token for one person, and it revealed China's socialist characteristics in that way"
"Maybe it's true. China's socialism, highlighted by Deng Xiaoping in the past, highlighted everyone becoming wealthy under the Communist Party's leadership. And based one the socialism, it outwardly appealed to the people that each person can have one token, while inwardly controlling hash power to roll in money just like the way the vested interests did in the past. This is it. They pretended not to be interested in blockchain and cryptocurrencies but spent a lot of money in researching behind the scene"
Joseph finally gave his opinion as showing off his knowledge.
"Wow, you are awesome, Jo. Anyway, I think it's a bit scary how China has been through because they are still trying to emerge as a global hegemonic power over the U.S., even after they experienced trade dispute were with the U.S. and then wept away by civil war"
"In that sense, the U.S. accepted the token economy in their way and turned it into a token economy democracy."
"I know what and why they did. As we know, there are 50 states in the U.S., and they have the same numer of validators. In particular, I think it was Hail Mary that they issued national token based on Delegated Proof of Stake(DPoS). That way, they can measure how much the value of local brand is through competition in good faith while maintaining communities' uniqueness. More surprisingly, they could keep U.S.' unique electoral voting system based on DPoS in every election including the presidential election"
"Maybe it was good to get election campaign fund at first. Actually, it was easier to pay cryptocurrency than fiat money, and at that time, it was a lot better to get cryptocurrencies because their price showed a constant boost. The politicians who knew much about cryptocurrencies won their elections, and even the president who was friendly toward cryptocurrencies, sympathized with pro-cryptocurrency Congress, and they altogether made the new thing called 'the tokenized economic system'. Even the Federal Reserve colluded with the administration and Congress on the condition that it maintained its existing mandate and power. Only ordinary people worshipped the innovation and then had nothing left in the end"
"Well, this is another story but ordinary people like the basic income system though. As artificial intelligence became common, our jobs were threatened first. In the old industrial revolution, we expected that new technology would create new jobs. But this time it's totally off the mark. In that mood, there was a consensus on the introduction of the basic income system. We've solved the problems of the basic income system in the past: lack of tax revenue and distribution of the revenue. But the problems were solved by issuing token. It also reduced the cash in the underground economy. I feel like a new world has influenced in many ways"
"That's because we've now got a mature society where people could be satisfied with their basic income and happily do what they really wanted to do. Fortunately, we've established a lot of places to use the token income rapidly. The bottom line is that both basic income and token focus on utilization, not possession. So far, it's been successful"
"There you go, Jo! As you said, the token system was a timely technology and policy."
Joseph finished the meal with a slight frown shrugging off compliments.
"Satoshi Scandal..."
Joseph exhaled as small as a sigh.
The scandal began with a well-known Australian developer who was one of victims in a series of murders where those who claimed they were real Satoshi were killed one by one. The way of killing was cruel and the scenes of the killing were as dispersed: the US, China, Europe, Asia and so on. While cryptocurrency supporters got widly excited about that, the national investigative agencies just looked incompetenct in the serial killings for slow investigations. Soon after, they began tracking it in a worldwide collaboration. At the same time, Joseph was inspired by his animal instinct and persistent research finally pointed Satoshi out as the serial killer, and this scandal was his biggest scoop.
https://i.redd.it/o6kj8wy3vbg31.jpg
As a result, Joseph became a star journalist, and registered his personal token, then his personal token exchange rate skyrocketed. He even established a one-man media company with his name, making himself a famous journalist.
However, when the world's most collaborative investigative agencies fell into the sidekick of the scandal, the governments and authorities of those countries involved in the investigation have rather sacked Joseph through media brainwashing and have accused him of being a serial killer. When Joseph was in the midst of popularity and persecution, the joint investigation authorities were closing in on a suspect of serial killing.
Eventually, the suspect committed suicide, leaving behind a suicide note with a private key in Satoshi wallet containing one million bitcoin. So the scandal of the century came to an end, and Joseph remained an issuemaker for a while at the same time as the charges were cleared. Meanwhile, Bitcoin marked the last rally for the highest market ever since the scandal.
"Since then, Bitcoin used its last strength..."
"What? What did you just say, Jo?"
"No, it's not a big deal. Let's get out of here"
Joseph went outside with Henry in a hurry.
Some days later, Joseph stopped by his favorite bar and sat on the place where he always sit. He just sat staring for some minutes, listening to bar songs. But soon, all kinds of thoughts came across his mind. He didn't want to admit it, but he'd rather die than being treated like a has-been because of his damn pride. What's more annoying is the reality of Joseph's personal token exchange rate, which has been on the decline.
It has not been long since there has been the individual token system, but it has become a global trend with demand exploding, mainly for influential people. With the introduction of the token economy system in full swing by country, financial authorities were able to make personal tokens that is linked to the national token through screening by the financial authorities, and these individual tokens were valued according to the national token in real time. The national token is based on the median wage of employees in the country, so higher than 1 means more than the middle class, and lower than 1 means there is no economic leeway. If you comply with the regulations of the authorities, you'll be able to build many business models based on individual tokens such as staking, loans, dividends and so on. Indeed, new era has come when individuals have become small economic players, and big individuals and corporations with influence are second only to a single bank or financial system.
'0.65382139'
Joseph's personal token exchange rate blinked on his smartwatch screen. Since he made him famous with the scandal then, his token rate was ten times more than the current rate but the reality is harsh now. Nevertheless, the reason for living his life is that there are people who support me like Henry with the faint hope that one day he will be able to hit another jackpot.
Henry, his younger alumni, has been working as an influencer in a decentralized autonomous organization(DAO) created by a well-known businessman. While one had a single identity as a nation's citizen, they now has another strong identity in the token community where each belongs. Feeling the same sense of homogeneity in the same community, participants are engaged in social activities aside from one's nationality and religion, and are also engaged in token-based consumption activities.
Joseph suddenly wanted to see Henry, but decided to have his own time this time.
He took a laptop out of his bag to write a column, trying to ignore his crumbling pride. Maybe it was because of the slight drunkenness, he wanted to write an article about a serious topic.
​
「Return to Sash caused by aliases and anonymity, coincident or inevitable?」
Bitcoin, which was released in early 2009, paved the way for cryptocurrency transactions that can be traced through distributed ledger technology thanks to 'aliases', although it can't certain who the transaction participants are. However, 'aliases' evolved to 'anonymity' as it met the desire to protect personal information that was close to human instincts over time, and eventually combined with advanced electronic cryptology and a huge token economy. Indeed, swiss bank accounts that anyone wanted to have went into their digital asset wallets. But no matter how anonymous it is, the moment a technical defect occurs or is transferred to a non-anonymous coin, its anonymity disappears and the transaction details may be exposed. Meanwhile, the government believed that they had secured a master key to open the token world by establishing a perfect token tracking system that would be possible to trace any transactions. But unlike that judgment, when the token economy permeates the daily lives of the whole generation, the token system with anonymity technology spread to the world without any problem. And then developed countries that have studied and monitored token system for a long time finally concluded that leaving uncontrollable anonymity and token economy would be such a handicap to gain vested interests in the future. This life-and-death check created unexpected repercussions: conflicts between the old and new generation.
https://i.redd.it/qzr8h698vbg31.jpg
The old generation, who was still accustomed to cash, began to return to cash in protest against the government and the young generation, who recognized tokens as daily currency from their birth, ridiculed the old generation and used them even more as the government kept them in check. By then, however, a fatal flaw in the anonymity protocol occurred and there was a great confusion when the biggest bubble in cryptocurrencies including bitcoin fell at a similar time. In conclusion, there was a rift in trust and support for decentralized tokens due to their aliases and anonymity which were considered safe, transparent and able to protect personal information. Also, major crypocurrencies, which had high brand value, just survived and became a means of preserving anarchists' assets. At the same time, some developed countries have been eager to promote national tokens, claiming that the only reliable assets including even anonymous tokens can be developed well only by nation. Is it just a coincidence or is it inevitable that all the suspicious events took place in this process?
​
Joseph suddenly lost his concentration wondering whether it was hard to write or it was because of a drunkenness. And he decided to edit it later and got out of the bar. There were many people on the streets friday night, and he strode home past the crowd. No one in the crowd recognized him unlike the past, but he still remembered himself and people back then. After the Satoshi scandal, many expected more provocative and conspiratorial articles from Joseph but he hated it. However, he instinctively began to pour out attention-grabbing articles to keep his fans from being forgotten. Was that a wrong judgment? He had had his day after the cryptocurrency bubble burst. Like so many tokens, he also lost his own value because he failed to show sustainable talent. But tonight he wrote for a long time and felt like he's back in the old days. As if he wants someone to know his feeling of pride, he is lost in his thoughts again sitting on a roadside bench and watch people passing by.
Although current Bitcoin's symbolism and impact has been considerably ruined compared to that of its former, he thought it was 'falling of glory' that would one day happen anyway. Because Bitcoin has shown enough value and possibility, other token projects have experienced less trial and error and are able to settle at a faster rate, and Mass adoption of the token has built up a big industry and brought forth a new paradigm for real economy.
The point here is why it fell from glory. It is widely believed that the reason was not one, but exploded at a certain time with a variety of reasons.
First of all, the scandal turned Satoshi out to be a brutal figure, who had had apparently existed but not at the same time. Some even raised the conspiracy that Satoshi's suicide note with the private key on his wallet was fabricated by the government or authorities, and that the real killer was definitely a puppet of the authority. Whether it's true or not, what's clear is that Satoshi is recognized as a cruel being in most people's brains.
Another reason is the ambivalence of the token. Although the Internet, for example, has shown immediate news and innovation that has given birth to big data in the past, many events and accidents that might have been ignored quietly, have spread rapidly throughout the world through the Internet. Eventually, the Internet platform turned into a political propaganda tool that the world is violent and so must be able to calm the turmoil only with force. The blockchain, which is more than Internet-wide and highly leveraged, has also had a special economic mechanism called 'token', although it has built a huge distributed network and instant digital community like Internet. But when this trait combined with human greed and crowd psychology, a 'New Totalitarianism' has been triggered. This was possible because the extreme supporters of Bitcoin and the anarchists built up spiritual solidarity, feeling homogeneity with each other, and tokens including Bitcoin became their economic basis. New totalitarian community that transcended nationality was inspired by the cunning incitement of shadow governance, causing bloodshed and terrorism in many parts of the world. And in doing so, such events drew the limits of Satoshi's spirit on its own. Then, Satoshi became a negative perception among people asid from the image that he was just a murderer.
However, there is a certain reason for its fall of glory: its bubble is over. As Satoshi was finally found to be a serial killer who committed suicide, Bitcoin recorded the highest-ever rally, and presented the biggest bubble ever in history. But soon the marketcap of cryptocurrency shrank due to the lack of network security affected by the endless political squabbling of ASIC mining groups or other big groups and the intervention of the market by powerful institutions that looked at Bitcoin as an eyesore.
Joseph suddenly became confused as thinking about the rise and fall of bitcoin he had covered in the past. He just wanted to go home for a rest. Looking back on bitcoin's history, which once raised expectations that it would replace u.s. dollar as well as gold, he felt some similarity with it because it was over-rapped with his history.
When he arrived at the front of the house and opened the front door, he saw something through a gap under the door. He found a briefcase stuck in a gap under the door and began to figure out what it was. He reached out and carefully pulled the corner of the envelope, wondering who stabbed a newspaper or something that he didn't subscribe to. And he found four letters written just below it, along with the words 'supreme confidentiality'.
'LUCY'
Source : www.satoshicode.com[SatoshiCode](www.satoshicode.com)
submitted by satoshicode_com to Bitcoin [link] [comments]

What is Bitcoin? Bitcoin Explained Simply for Dummies ... BitcoinPro Bitcoin Basics (Part 1) - Inside The Cryptocurrency Revolution - YouTube Bitcoin Altcoin Trades - YouTube

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