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A General Overview of Crypto.com

A General Overview of Crypto.com

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Monaco purchased Crypto.com in 2018 and carried out a successful rebrand and continued to thrive with the release of a new and exciting product. Crypto.com offers a seamless mobile wallet app and its prepaid MCO visa prepaid card is used by people to buy, sell, trade, and spend cryptocurrencies such as Bitcoin and Ethereum, and fiat currencies like dollars, euros and yen.

Crypto.com MCO Platform

Crypto.com is building its services on the MCO platform. It seeks to solve the problem of accessibility and usability faced by the wider blockchain community. They do this with their standout product: the MCO Visa Card. This card fulfills the plan of Crypto.com to link a Visa card with cryptocurrency accounts, enabling users to make daily purchases with cryptocurrency at points where Visa is accepted.
Crypto.com not only offers the Visa card, they also have on offer the MCO wallet app and the MCO token. The most recent addition is Crypto Invest, which allows for easy crypto investments. Other products such as Crypto Credit gives users an MCO token- based credit line to hold as collateral and MCO private offers unique products and services for high net-worth individuals.

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The MCO Visa Card

Crypto.com offers a portfolio of MCO Visa Cards ranging from Obsidian Black which requires a 50,000 MCO stake, to the Midnight Blue which does not have any staking requirement. Users can seamlessly spend cryptocurrency at over 40 million retailers accepting Visa globally by using their MCO Visa card and using their MCO wallet to settle the card balance.
Crypto.com started to ship its MCO Visa Card in Singapore in October 2018. In November 2018, they subsequently announced their partnership with the Metropolitan Commercial Bank to roll out the MCO Visa Card program in the United States.
The list of benefits for card holders is just as good as with some other Visa rewards cards. Users can enjoy using a Visa card without spending any annual fees, get free shipping, and receive up to 2% cashback on purchases. Select cards get unlimited access to airport lounges.
In addition, users can make expenditures overseas and receive interbank exchange rates. With their Platinum Reward Program, users can get up to $10,000 sign-on bonuses!

MCO Wallet App

Crypto.com released its mobile wallet app on August 31, 2017 to a positive reception. By combining the Crypto.com Wallet with the Card app, users can purchase Bitcoin, Ethereum, Litecoin, Ether, Binance Coin, Ripple, MCO tokens and USDM to hold as investments or to use as forms of payment.

MCO Crypto Invest

Crypto.com launched Crypto Invest, a new service for eligible customers in October 2018. This is a cryptocurrency portfolio and trading tool that makes investing and trading in cryptocurrencies simpler. Users can create their own customized portfolios and trade automatically based on market signals.
Crypto Invest is different from other products in being not only a basket of cryptocurrencies but a set of trading strategies that perform in any market. It is great for those who have just started building their crypto investment portfolio, since users can get started with as little as $20.

MCO Credit Services

Another feature that will be released in the future is MCO Credit Services. This is a revolutionary product that allow you to get the credit you need by staking MCO tokens. A stake of MCO tokens worth $10,000 can get you a credit line of $6,000.
Unlike with traditional credit cards, there are no statements and zero minimum payments. Credit advances can be paid off as you like. If you are not able to do this or don’t wish to, your debt will be paid off with your MCO tokens.
MCO Token
The ERC20 MCO is the utility token that powers the Crypto.com ecosystem . It was issued in an ICO crowd-sale that was held in June 2017. 26 million USD was raised by the first issue of the MCO tokens.
MCO is an ERC-20 token, which means it can be stored in any ERC20-compatible wallet. However, balance requirements to qualify for an MCO Visa card is based on how much is stored in the official Crypto.com mobile wallet.
In order to earn rewards on purchases, stake and pay for referrals, MCO is used in the ecosystem. MCO follows the rest of the market and peaked back in August 2017. Since that time, they have followed the rest of the market as 2018 entered bear territory.
MCO is accepted in a number of popular cryptocurrency exchanges which include Binance, Bit-Z, Bittrex, Cashierest, Bithumb, OKEx, Upbit, ABBC, and Huobi. Daily, an average 10 million USD worth of MCO tokens is traded with trading pairs including BTC, ETH, and USDT.

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Crypto.com Chain

Crypto.com announced the launch of the Crypto.com Chain. This is a high performing native blockchain solution that allows merchants and users to complete transactions in crypto. The Crypto.com chain has its own token which is CRO. The Crypto.com chain supports the Crypto.com pay solution, which is a decentralized cryptocurrency payment solution that is built on blockchain.
Crypto.com announced in December 2018, that it has signed a Memorandum of Understanding (MOU) with Ledger, a crypto security and infrastructure solutions provider to become the first merchant to use Crypto.com Pay on their online store.
Crypto.com also announced it signed a Memorandum of Understanding (MOU) in January 2019 with a sneaker e-marketplace called YSNEAKERS to implement Crypto.com Pay.

Conclusion

The rebrand of Crypto.com to Monaco has been more than just a name change. Although it's ERC-20 token still bears a reference to its predecessor and is duly named MCO, the company has sustained efforts at delivering MCO Visa Cards to different types of cardholders. They have followed this up with the introduction of initiatives such as the Crypto Invest product.
Their wallet is multi-functional and supports buying, selling and trading of fiat and virtual currencies. They plan on issuing prepaid debit cards linked to wallet balances which can be converted to currency inside the wallet before spending at a merchant. The wallet and the card app can be used on both Android and iOS devices and users can monitor crypto markets, engage in crypto coin trading and exchange fiat currencies at low fees.
submitted by atomarsofficial to Atomars [link] [comments]

Beginner’s Guide to BitMEX

Beginner’s Guide to BitMEX

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Founded by HDR Global Trading Limited (which in turn was founded by former bankers Arthur Hayes, Samuel Reed and Ben Delo) in 2014, BitMEX is a trading platform operating around the world and registered in the Seychelles.
Meaning Bitcoin Mercantile Exchange, BitMEX is one of the largest Bitcoin trading platforms currently operating, with a daily trading volume of over 35,000 BTC and over 540,000 accesses monthly and a trading history of over $34 billion worth of Bitcoin since its inception.

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Unlike many other trading exchanges, BitMEX only accepts deposits through Bitcoin, which can then be used to purchase a variety of other cryptocurrencies. BitMEX specialises in sophisticated financial operations such as margin trading, which is trading with leverage. Like many of the exchanges that operate through cryptocurrencies, BitMEX is currently unregulated in any jurisdiction.
Visit BitMEX

How to Sign Up to BitMEX

In order to create an account on BitMEX, users first have to register with the website. Registration only requires an email address, the email address must be a genuine address as users will receive an email to confirm registration in order to verify the account. Once users are registered, there are no trading limits. Traders must be at least 18 years of age to sign up.
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However, it should be noted that BitMEX does not accept any US-based traders and will use IP checks to verify that users are not in the US. While some US users have bypassed this with the use of a VPN, it is not recommended that US individuals sign up to the BitMEX service, especially given the fact that alternative exchanges are available to service US customers that function within the US legal framework.
How to Use BitMEX
BitMEX allows users to trade cryptocurrencies against a number of fiat currencies, namely the US Dollar, the Japanese Yen and the Chinese Yuan. BitMEX allows users to trade a number of different cryptocurrencies, namely Bitcoin, Bitcoin Cash, Dash, Ethereum, Ethereum Classic, Litecoin, Monero, Ripple, Tezos and Zcash.
The trading platform on BitMEX is very intuitive and easy to use for those familiar with similar markets. However, it is not for the beginner. The interface does look a little dated when compared to newer exchanges like Binance and Kucoin’s.
Once users have signed up to the platform, they should click on Trade, and all the trading instruments will be displayed beneath.
Clicking on the particular instrument opens the orderbook, recent trades, and the order slip on the left. The order book shows three columns – the bid value for the underlying asset, the quantity of the order, and the total USD value of all orders, both short and long.
The widgets on the trading platform can be changed according to the user’s viewing preferences, allowing users to have full control on what is displayed. It also has a built in feature that provides for TradingView charting. This offers a wide range of charting tool and is considered to be an improvement on many of the offering available from many of its competitors.
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Once trades are made, all orders can be easily viewed in the trading platform interface. There are tabs where users can select their Active Orders, see the Stops that are in place, check the Orders Filled (total or partially) and the trade history. On the Active Orders and Stops tabs, traders can cancel any order, by clicking the “Cancel” button. Users also see all currently open positions, with an analysis if it is in the black or red.
BitMEX uses a method called auto-deleveraging which BitMEX uses to ensure that liquidated positions are able to be closed even in a volatile market. Auto-deleveraging means that if a position bankrupts without available liquidity, the positive side of the position deleverages, in order of profitability and leverage, the highest leveraged position first in queue. Traders are always shown where they sit in the auto-deleveraging queue, if such is needed.
Although the BitMEX platform is optimized for mobile, it only has an Android app (which is not official). There is no iOS app available at present. However, it is recommended that users use it on the desktop if possible.
BitMEX offers a variety of order types for users:
  • Limit Order (the order is fulfilled if the given price is achieved);
  • Market Order (the order is executed at current market price);
  • Stop Limit Order (like a stop order, but allows users to set the price of the Order once the Stop Price is triggered);
  • Stop Market Order (this is a stop order that does not enter the order book, remain unseen until the market reaches the trigger);
  • Trailing Stop Order (it is similar to a Stop Market order, but here users set a trailing value that is used to place the market order);
  • Take Profit Limit Order (this can be used, similarly to a Stop Order, to set a target price on a position. In this case, it is in respect of making gains, rather than cutting losses);
  • Take Profit Market Order (same as the previous type, but in this case, the order triggered will be a market order, and not a limit one)
The exchange offers margin trading in all of the cryptocurrencies displayed on the website. It also offers to trade with futures and derivatives – swaps.

Futures and Swaps

A futures contract is an agreement to buy or sell a given asset in the future at a predetermined price. On BitMEX, users can leverage up to 100x on certain contracts.
Perpetual swaps are similar to futures, except that there is no expiry date for them and no settlement. Additionally, they trade close to the underlying reference Index Price, unlike futures, which may diverge substantially from the Index Price.
BitMEX also offers Binary series contracts, which are prediction-based contracts which can only settle at either 0 or 100. In essence, the Binary series contracts are a more complicated way of making a bet on a given event.
The only Binary series betting instrument currently available is related to the next 1mb block on the Bitcoin blockchain. Binary series contracts are traded with no leverage, a 0% maker fee, a 0.25% taker fee and 0.25% settlement fee.

Bitmex Leverage

BitMEX allows its traders to leverage their position on the platform. Leverage is the ability to place orders that are bigger than the users’ existing balance. This could lead to a higher profit in comparison when placing an order with only the wallet balance. Trading in such conditions is called “Margin Trading.”
There are two types of Margin Trading: Isolated and Cross-Margin. The former allows the user to select the amount of money in their wallet that should be used to hold their position after an order is placed. However, the latter provides that all of the money in the users’ wallet can be used to hold their position, and therefore should be treated with extreme caution.
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The BitMEX platform allows users to set their leverage level by using the leverage slider. A maximum leverage of 1:100 is available (on Bitcoin and Bitcoin Cash). This is quite a high level of leverage for cryptocurrencies, with the average offered by other exchanges rarely exceeding 1:20.

BitMEX Fees

For traditional futures trading, BitMEX has a straightforward fee schedule. As noted, in terms of leverage offered, BitMEX offers up to 100% leverage, with the amount off leverage varying from product to product.
However, it should be noted that trading at the highest leverages is sophisticated and is intended for professional investors that are familiar with speculative trading. The fees and leverage are as follows:
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However, there are additional fees for hidden / iceberg orders. A hidden order pays the taker fee until the entire hidden quantity is completely executed. Then, the order will become normal, and the user will receive the maker rebate for the non-hidden amount.

Deposits and Withdrawals

BitMEX does not charge fees on deposits or withdrawals. However, when withdrawing Bitcoin, the minimum Network fee is based on blockchain load. The only costs therefore are those of the banks or the cryptocurrency networks.
As noted previously, BitMEX only accepts deposits in Bitcoin and therefore Bitcoin serves as collateral on trading contracts, regardless of whether or not the trade involves Bitcoin.
The minimum deposit is 0.001 BTC. There are no limits on withdrawals, but withdrawals can also be in Bitcoin only. To make a withdrawal, all that users need to do is insert the amount to withdraw and the wallet address to complete the transfer.
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Deposits can be made 24/7 but withdrawals are processed by hand at a recurring time once per day. The hand processed withdrawals are intended to increase the security levels of users’ funds by providing extra time (and email notice) to cancel any fraudulent withdrawal requests, as well as bypassing the use of automated systems & hot wallets which may be more prone to compromise.

Supported Currencies

BitMEX operates as a crypto to crypto exchange and makes use of a Bitcoin-in/Bitcoin-out structure. Therefore, platform users are currently unable to use fiat currencies for any payments or transfers, however, a plus side of this is that there are no limits for trading and the exchange incorporates trading pairs linked to the US Dollar (XBT), Japanese Yen (XBJ), and Chinese Yuan (XBC).
BitMEX supports the following cryptocurrencies:
  • Bitcoin (XBT)
  • Bitcoin Cash (BCH)
  • Ethereum (ETH)
  • Ethereum Classic (ETC)
  • Litecoin (LTC)
  • Ripple Token (XRP)
  • Monero (XMR)
  • Dash (DASH)
  • Zcash (ZEC)
  • Cardano (ADA)
  • Tron (TRX)
  • EOS Token (EOS)
BitMEX also offers leverage options on the following coins:
  • 5x: Zcash (ZEC)
  • 20x : Ripple (XRP),Bitcoin Cash (BCH), Cardano (ADA), EOS Token (EOS), Tron (TRX)
  • 25x: Monero (XMR)
  • 33x: Litecoin (LTC)
  • 50x: Ethereum (ETH)
  • 100x: Bitcoin (XBT), Bitcoin / Yen (XBJ), Bitcoin / Yuan (XBC)

Trading Technologies International Partnership

HDR Global Trading, the company which owns BitMEX, has recently announced a partnership with Trading Technologies International, Inc. (TT), a leading international high-performance trading software provider.
The TT platform is designed specifically for professional traders, brokers, and market-access providers, and incorporates a wide variety of trading tools and analytical indicators that allow even the most advanced traders to customize the software to suit their unique trading styles. The TT platform also provides traders with global market access and trade execution through its privately managed infrastructure and the partnership will see BitMEX users gaining access to the trading tools on all BitMEX products, including the popular XBT/USD Perpetual Swap pairing.
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The BitMEX Insurance Fund

The ability to trade on leverage is one of the exchange’s main selling points and offering leverage and providing the opportunity for traders to trade against each other may result in a situation where the winners do not receive all of their expected profits. As a result of the amounts of leverage involved, it’s possible that the losers may not have enough margin in their positions to pay the winners.
Traditional exchanges like the Chicago Mercantile Exchange (CME) offset this problem by utilizing multiple layers of protection and cryptocurrency trading platforms offering leverage cannot currently match the levels of protection provided to winning traders.
In addition, cryptocurrency exchanges offering leveraged trades propose a capped downside and unlimited upside on a highly volatile asset with the caveat being that on occasion, there may not be enough funds in the system to pay out the winners.
To help solve this problem, BitMEX has developed an insurance fund system, and when a trader has an open leveraged position, their position is forcefully closed or liquidated when their maintenance margin is too low.
Here, a trader’s profit and loss does not reflect the actual price their position was closed on the market, and with BitMEX when a trader is liquidated, their equity associated with the position drops down to zero.
In the following example, the trader has taken a 100x long position. In the event that the mark price of Bitcoin falls to $3,980 (by 0.5%), then the position gets liquidated with the 100 Bitcoin position needing to be sold on the market.
This means that it does not matter what price this trade executes at, namely if it’s $3,995 or $3,000, as from the view of the liquidated trader, regardless of the price, they lose all the equity they had in their position, and lose the entire one Bitcoin.
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Assuming there is a fully liquid market, the bid/ask spread should be tighter than the maintenance margin. Here, liquidations manifest as contributions to the insurance fund (e.g. if the maintenance margin is 50bps, but the market is 1bp wide), and the insurance fund should rise by close to the same amount as the maintenance margin when a position is liquidated. In this scenario, as long as healthy liquid markets persist, the insurance fund should continue its steady growth.
The following graphs further illustrate the example, and in the first chart, market conditions are healthy with a narrow bid/ask spread (just $2) at the time of liquidation. Here, the closing trade occurs at a higher price than the bankruptcy price (the price where the margin balance is zero) and the insurance fund benefits.
Illustrative example of an insurance contribution – Long 100x with 1 BTC collateral
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(Note: The above illustration is based on opening a 100x long position at $4,000 per BTC and 1 Bitcoin of collateral. The illustration is an oversimplification and ignores factors such as fees and other adjustments.
The bid and offer prices represent the state of the order book at the time of liquidation. The closing trade price is $3,978, representing $1 of slippage compared to the $3,979 bid price at the time of liquidation.)
The second chart shows a wide bid/ask spread at the time of liquidation, here, the closing trade takes place at a lower price than the bankruptcy price, and the insurance fund is used to make sure that winning traders receive their expected profits.
This works to stabilize the potential for returns as there is no guarantee that healthy market conditions can continue, especially during periods of heightened price volatility. During these periods, it’s actually possible that the insurance fund can be used up than it is built up.
Illustrative example of an insurance depletion – Long 100x with 1 BTC collateral
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(Notes: The above illustration is based on opening a 100x long position at $4,000 per BTC and 1 Bitcoin of collateral. The illustration is an oversimplification and ignores factors such as fees and other adjustments.
The bid and offer prices represent the state of the order book at the time of liquidation. The closing trade price is $3,800, representing $20 of slippage compared to the $3,820 bid price at the time of liquidation.)
The exchange declared in February 2019, that the BitMEX insurance fund retained close to 21,000 Bitcoin (around $70 million based on Bitcoin spot prices at the time).
This figure represents just 0.007% of BitMEX’s notional annual trading volume, which has been quoted as being approximately $1 trillion. This is higher than the insurance funds as a proportion of trading volume of the CME, and therefore, winning traders on BitMEX are exposed to much larger risks than CME traders as:
  • BitMEX does not have clearing members with large balance sheets and traders are directly exposed to each other.
  • BitMEX does not demand payments from traders with negative account balances.
  • The underlying instruments on BitMEX are more volatile than the more traditional instruments available on CME.
Therefore, with the insurance fund remaining capitalized, the system effectively with participants who get liquidated paying for liquidations, or a losers pay for losers mechanism.
This system may appear controversial as first, though some may argue that there is a degree of uniformity to it. It’s also worth noting that the exchange also makes use of Auto Deleveraging which means that on occasion, leveraged positions in profit can still be reduced during certain time periods if a liquidated order cannot be executed in the market.
More adventurous traders should note that while the insurance fund holds 21,000 Bitcoin, worth approximately 0.1% of the total Bitcoin supply, BitMEX still doesn’t offer the same level of guarantees to winning traders that are provided by more traditional leveraged trading platforms.
Given the inherent volatility of the cryptocurrency market, there remains some possibility that the fund gets drained down to zero despite its current size. This may result in more successful traders lacking confidence in the platform and choosing to limit their exposure in the event of BitMEX being unable to compensate winning traders.

How suitable is BitMEX for Beginners?

BitMEX generates high Bitcoin trading levels, and also attracts good levels of volume across other crypto-to-crypto transfers. This helps to maintain a buzz around the exchange, and BitMEX also employs relatively low trading fees, and is available round the world (except to US inhabitants).
This helps to attract the attention of people new to the process of trading on leverage and when getting started on the platform there are 5 main navigation Tabs to get used to:
  • **Trade:**The trading dashboard of BitMEX. This tab allows you to select your preferred trading instrument, and choose leverage, as well as place and cancel orders. You can also see your position information and view key information in the contract details.
  • **Account:**Here, all your account information is displayed including available Bitcoin margin balances, deposits and withdrawals, and trade history.
  • **Contracts:**This tab covers further instrument information including funding history, contract sizes; leverage offered expiry, underlying reference Price Index data, and other key features.
  • **References:**This resource centre allows you to learn about futures, perpetual contracts, position marking, and liquidation.
  • **API:**From here you can set up an API connection with BitMEX, and utilize the REST API and WebSocket API.
BitMEX also employs 24/7 customer support and the team can also be contacted on their Twitter and Reddit accounts.
In addition, BitMEX provides a variety of educational resources including an FAQ section, Futures guides, Perpetual Contracts guides, and further resources in the “References” account tab.
For users looking for more in depth analysis, the BitMEX blog produces high level descriptions of a number of subjects and has garnered a good reputation among the cryptocurrency community.
Most importantly, the exchange also maintains a testnet platform, built on top of testnet Bitcoin, which allows anyone to try out programs and strategies before moving on to the live exchange.
This is crucial as despite the wealth of resources available, BitMEX is not really suitable for beginners, and margin trading, futures contracts and swaps are best left to experienced, professional or institutional traders.
Margin trading and choosing to engage in leveraged activity are risky processes and even more advanced traders can describe the process as a high risk and high reward “game”. New entrants to the sector should spend a considerable amount of time learning about margin trading and testing out strategies before considering whether to open a live account.

Is BitMEX Safe?

BitMEX is widely considered to have strong levels of security. The platform uses multi-signature deposits and withdrawal schemes which can only be used by BitMEX partners. BitMEX also utilises Amazon Web Services to protect the servers with text messages and two-factor authentication, as well as hardware tokens.
BitMEX also has a system for risk checks, which requires that the sum of all account holdings on the website must be zero. If it’s not, all trading is immediately halted. As noted previously, withdrawals are all individually hand-checked by employees, and private keys are never stored in the cloud. Deposit addresses are externally verified to make sure that they contain matching keys. If they do not, there is an immediate system shutdown.
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In addition, the BitMEX trading platform is written in kdb+, a database and toolset popular amongst major banks in high frequency trading applications. The BitMEX engine appears to be faster and more reliable than some of its competitors, such as Poloniex and Bittrex.
They have email notifications, and PGP encryption is used for all communication.
The exchange hasn’t been hacked in the past.

How Secure is the platform?

As previously mentioned, BitMEX is considered to be a safe exchange and incorporates a number of security protocols that are becoming standard among the sector’s leading exchanges. In addition to making use of Amazon Web Services’ cloud security, all the exchange’s systems can only be accessed after passing through multiple forms of authentication, and individual systems are only able to communicate with each other across approved and monitored channels.
Communication is also further secured as the exchange provides optional PGP encryption for all automated emails, and users can insert their PGP public key into the form inside their accounts.
Once set up, BitMEX will encrypt and sign all the automated emails sent by you or to your account by the [[email protected]](mailto:[email protected]) email address. Users can also initiate secure conversations with the support team by using the email address and public key on the Technical Contact, and the team have made their automated system’s PGP key available for verification in their Security Section.
The platform’s trading engine is written in kdb+, a database and toolset used by leading financial institutions in high-frequency trading applications, and the speed and reliability of the engine is also used to perform a full risk check after every order placement, trade, settlement, deposit, and withdrawal.
All accounts in the system must consistently sum to zero, and if this does not happen then trading on the platform is immediately halted for all users.
With regards to wallet security, BitMEX makes use of a multisignature deposit and withdrawal scheme, and all exchange addresses are multisignature by default with all storage being kept offline. Private keys are not stored on any cloud servers and deep cold storage is used for the majority of funds.
Furthermore, all deposit addresses sent by the BitMEX system are verified by an external service that works to ensure that they contain the keys controlled by the founders, and in the event that the public keys differ, the system is immediately shut down and trading halted. The exchange’s security practices also see that every withdrawal is audited by hand by a minimum of two employees before being sent out.

BitMEX Customer Support

The trading platform has a 24/7 support on multiple channels, including email, ticket systems and social media. The typical response time from the customer support team is about one hour, and feedback on the customer support generally suggest that the customer service responses are helpful and are not restricted to automated responses.
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The BitMEX also offers a knowledge base and FAQs which, although they are not necessarily always helpful, may assist and direct users towards the necessary channels to obtain assistance.
BitMEX also offers trading guides which can be accessed here

Conclusion

There would appear to be few complaints online about BitMEX, with most issues relating to technical matters or about the complexities of using the website. Older complaints also appeared to include issues relating to low liquidity, but this no longer appears to be an issue.
BitMEX is clearly not a platform that is not intended for the amateur investor. The interface is complex and therefore it can be very difficult for users to get used to the platform and to even navigate the website.
However, the platform does provide a wide range of tools and once users have experience of the platform they will appreciate the wide range of information that the platform provides.
Visit BitMEX
submitted by bitmex_register to u/bitmex_register [link] [comments]

Elaborating on Datadash's 50k BTC Prediction: Why We Endorse the Call

As originally published via CoinLive
I am the Co-Founder at CoinLive. Prior to founding Coinlive.io, my area of expertise was inter-market analysis. I came across Datadash 50k BTC prediction this week, and I must take my hats off to what I believe is an excellent interpretation of the inter-connectivity of various markets.
At your own convenience, you can find a sample of Intermarket analysis I've written in the past before immersing myself into cryptos full-time.
Gold inter-market: 'Out of sync' with VIX, takes lead from USD/JPY
USD/JPY inter-market: Watch divergence US-Japan yield spread
EUUSD intermarket: US yields collapse amid supply environment
Inter-market analysis: Risk back in vogue, but for how long?
USD/JPY intermarket: Bulls need higher adj in 10-y US-JP spread
The purpose of this article is to dive deeper into the factors Datadash presents in his video and how they can help us draw certain conclusions about the potential flows of capital into crypto markets and the need that will exist for a BTC ETF.
Before I do so, as a brief explainer, let's touch on what exactly Intermarket analysis refers to:
Intermarket analysis is the global interconnectivity between equities, bonds, currencies, commodities, and any other asset class; Global markets are an ever-evolving discounting and constant valuation mechanism and by studying their interconnectivity, we are much better positioned to explain and elaborate on why certain moves occur, future directions and gain insights on potential misalignments that the market may not have picked up on yet or might be ignoring/manipulating.
While such interconnectivity has proven to be quite limiting when it comes to the value one can extract from analyzing traditional financial assets and the crypto market, Datadash has eloquently been able to build a hypothesis, which as an Intermarket analyst, I consider very valid, and that matches up my own views. Nicolas Merten constructs a scenario which leads him to believe that a Bitcoin ETF is coming. Let's explore this hypothesis.
I will attempt to summarize and provide further clarity on why the current events in traditional asset classes, as described by Datadash, will inevitably result in a Bitcoin ETF. Make no mistake, Datadash's call for Bitcoin at 50k by the end of 2018 will be well justified once a BTC ETF is approved. While the timing is the most challenging part t get right, the end result won't vary.
If one wishes to learn more about my personal views on why a BTC ETF is such a big deal, I encourage you to read my article from late March this year.
Don't Be Misled by Low Liquidity/Volume - Fundamentals Never Stronger
The first point Nicholas Merten makes is that despite depressed volume levels, the fundamentals are very sound. That, I must say, is a point I couldn't agree more. In fact, I recently wrote an article titled The Paradox: Bitcoin Keeps Selling as Intrinsic Value Set to Explode where I state "the latest developments in Bitcoin's technology makes it paradoxically an ever increasingly interesting investment proposition the cheaper it gets."
However, no article better defines where we stand in terms of fundamentals than the one I wrote back on May 15th titled Find Out Why Institutions Will Flood the Bitcoin Market, where I look at the ever-growing list of evidence that shows why a new type of investors, the institutional ones, looks set to enter the market in mass.
Nicholas believes that based on the supply of Bitcoin, the market capitalization can reach about $800b. He makes a case that with the fundamentals in bitcoin much stronger, it wouldn't be that hard to envision the market cap more than double from its most recent all-time high of more than $300b.
Interest Rates Set to Rise Further
First of all, one of the most immediate implications of higher rates is the increased difficulty to bear the costs by borrowers, which leads Nicholas to believe that banks the likes of Deutsche Bank will face a tough environment going forward. The CEO of the giant German lender has actually warned that second-quarter results would reflect a “revenue environment [that] remains challenging."
Nicholas refers to the historical chart of Eurodollar LIBOR rates as illustrated below to strengthen the case that interest rates are set to follow an upward trajectory in the years to come as Central Banks continue to normalize monetary policies after a decade since the global financial crisis. I'd say, that is a correct assumption, although one must take into account the Italian crisis to be aware that a delay in higher European rates is a real possibility now.
![](https://coinlive.io/ckeditor_assets/pictures/947/content_2018-05-30_1100.png)
Let's look at the following combinations: Fed Fund Rate Contract (green), German 2-year bond yields (black) and Italy's 10-year bond yield (blue) to help us clarify what's the outlook for interest rates both in Europe and the United States in the foreseeable future. The chart suggests that while the Federal Reserve remains on track to keep increasing interest rates at a gradual pace, there has been a sudden change in the outlook for European rates in the short-end of the curve.
While the European Central Bank is no longer endorsing proactive policies as part of its long-standing QE narrative, President Mario Draghi is still not ready to communicate an exit strategy to its unconventional stimulus program due to protectionism threats in the euro-area, with Italy the latest nightmare episode.
Until such major step is taken in the form of a formal QE conclusion, interest rates in the European Union will remain depressed; the latest drastic spike in Italy's benchmark bond yield to default levels is pre-emptive of lower rates for longer, an environment that on one hand may benefit the likes of Deutsche Bank on lower borrowing costs, but on the other hand, sets in motion a bigger headache as risk aversion is set to dominate financial markets, which leads to worse financial consequences such as loss of confidence and hence in equity valuations.
![](https://coinlive.io/ckeditor_assets/pictures/948/content_2018-05-30_1113.png)
Deutsche Bank - End of the Road?
Nicholas argues that as part of the re-restructuring process in Deutsche Bank, they will be facing a much more challenging environment as lending becomes more difficult on higher interest rates. At CoinLive, we still believe this to be a logical scenario to expect, even if a delay happens as the ECB tries to deal with the Italian political crisis which once again raises the question of whether or not Italy should be part of the EU. Reference to an article by Zerohedge is given, where it states:
"One day after the WSJ reported that the biggest German bank is set to "decimate" its workforce, firing 10,000 workers or one in ten, this morning Deutsche Bank confirmed plans to cut thousands of jobs as part of new CEO Christian Sewing's restructuring and cost-cutting effort. The German bank said its headcount would fall “well below” 90,000, from just over 97,000. But the biggest gut punch to employee morale is that the bank would reduce headcount in its equities sales and trading business by about 25%."
There is an undeniably ongoing phenomenon of a migration in job positions from traditional financial markets into blockchain, which as we have reported in the past, it appears to be a logical and rational step to be taken, especially in light of the new revenue streams the blockchain sector has to offer. Proof of that is the fact that Binance, a crypto exchange with around 200 employees and less than 1 year of operations has overcome Deutsche Bank, in total profits. What this communicates is that the opportunities to grow an institution’s revenue stream are formidable once they decide to integrate cryptocurrencies into their business models.
One can find an illustration of Deutsche Bank's free-fall in prices below:
![](https://coinlive.io/ckeditor_assets/pictures/946/content_2018-05-30_1052.png)
Nicholas takes notes of a chart in which one can clearly notice a worrying trend for Italian debt. "Just about every other major investor type has become a net seller (to the ECB) or a non-buyer of BTPs over the last couple of years. Said differently, for well over a year, the only marginal buyer of Italian bonds has been the ECB!", the team of Economists at Citi explained. One can find the article via ZeroHedge here.
![](https://coinlive.io/ckeditor_assets/pictures/953/content_2018-05-30_1451.png)
Equities & Housing to Suffer the Consequences
Nicholas notes that trillions of dollars need to exit these artificially-inflated equity markets. He even mentions a legendary investor such as George Soros, who has recently warned that the world could be on the brink of another devastating financial crisis, on lingering debt concerns in Europe and a strengthening US dollar, as a destabilizing factor for both the US's emerging- and developed-market rivals.
Ray Dalio, another legend in the investing world and Founder of Bridgewater Associates, the world’s largest hedge fund, "has ramped up its short positions in European equities in recent weeks, bringing their total value to an estimated $22 billion", MarketWatch reports.
Nicholas extracts a chart by John Del Vecchio at lmtr.com where it illustrates the ratio between stocks and commodities at the lowest in over 50 years.
As the author states:
"I like to look for extremes in the markets. Extremes often pinpoint areas where returns can be higher and risk lower than in other time periods. Take the relationship between commodities and stocks. The chart below shows that commodities haven not been cheaper than stocks in a generation. We often hear this time it is different” to justify what’s going on in the world. But, one thing that never changes is human nature. People push markets to extremes. Then they revert. "
![](https://coinlive.io/ckeditor_assets/pictures/954/content_2018-05-30_1459.png)
Bitcoin ETF the Holy Grail for a Cyclical Multi-Year Bull Run
It is precisely from this last chart above that leads Nicholas to believe we are on the verge of a resurgence in commodity prices. Not only that but amid the need of all this capital to exit stocks and to a certain extent risky bonds (Italian), a new commodity-based digital currency ETF based on Bitcoin will emerge in 2018.
The author of Datadash highlights the consideration to launching a Bitcoin ETF by the SEC. At CoinLive, our reporting of the subject can be found below:
"Back in April, it was reported that the US Securities and Exchange Commission (SEC) has put back on the table two Bitcoin ETF proposals, according to public documents. The agency is under formal proceedings to approve a rule change that would allow NYSE Arca to list two exchange-traded funds (ETFs) proposed by fund provider ProShares. The introduction of an ETF would make Bitcoin available to a much wider share of market participants, with the ability to directly buy the asset at the click of a button, essentially simplifying the current complexity that involves having to deal with all the cumbersome steps currently in place."
Nicholas refers to the support the Bitcoin ETF has been receiving by the Cboe president Chris Concannon, which is a major positive development. CoinLive reported on the story back in late March, noting that "a Bitcoin ETF will without a doubt open the floodgates to an enormous tsunami of fresh capital entering the space, which based on the latest hints by Concannon, the willingness to keep pushing for it remains unabated as the evolution of digital assets keeps its course."
It has been for quite some time CoinLive's conviction, now supported by no other than Nicholas Merten from Datadash, that over the next 6 months, markets will start factoring in the event of the year, that is, the approval of a Bitcoin ETF that will serve as a alternative vehicle to accommodate the massive flows of capital leaving some of the traditional asset classes. As Nicholas suggests, the SEC will have little choice but to provide alternative investments.
Bitcoin as a Hedge to Lower Portfolios' Volatility
Last but not least, crypto assets such as Bitcoin and the likes have an almost non-existent correlation to other traditional assets such as stocks, bonds, and commodities, which makes for a very attractive and broadly-applicable diversification strategy for the professional money as it reduces one’s portfolio volatility. The moment a Bitcoin ETF is confirmed, expect the non-correlation element of Bitcoin as a major driving force to attract further capital.
Anyone Can Be Wrong Datadash, But You Won't be Wrong Alone
Having analyzed the hypothesis by Nicholas Merten, at CoinLive we believe that the conclusion reached, that is, the creation of a Bitcoin ETF that will provide shelter to a tsunami of capital motivated by the diversification and store of value appeal of Bitcoin, is the next logical step. As per the timing of it, we also anticipate, as Nicholas notes, that it will most likely be subject to the price action in traditional assets. Should equities and credit markets hold steady, it may result in a potential delay, whereas disruption in the capital market may see the need for a BTC ETF accelerate. Either scenario, we will conclude with a quote we wrote back in March.
"It appears as though an ETF on Bitcoin is moving from a state of "If" to "When."
Datadash is certainly not alone on his 50k call. BitMEX CEO Arthur Hayes appears to think along the same line.
On behalf of the CoinLive Team, we want to thank Nicholas Merten at Datadash for such enlightening insights.
submitted by Ivo333 to BitcoinMarkets [link] [comments]

CRYPTO.COM LISTS ON ATOMARS EXCHANGE

CRYPTO.COM LISTS ON ATOMARS EXCHANGE

https://preview.redd.it/s569skfgowp31.jpg?width=1200&format=pjpg&auto=webp&s=3df54451882bb775a58dd561b17199a20a7ba408
Dear ATOMARS Community,
We are pleased to announce the listing of the CRYPTO.COM project on ATOMARS exchange.CRYPTO.COM deposits are effective starting from October 1st, 2019 and the following trading pairs will be available: CRO/BTC, CRO/ETH, CRO/USDT.
CRYPTO.COM PROJECT SUMMARY
Founded in 2016 by Monaco Technologies under CEO Kris Marszalek,Crypto.com is a pioneering payments and cryptocurrency company that aims to encourage the world’s adoption of cryptocurrency. It aims to bridge the gap between digital currencies and their application in the real world - a problem that the crypto world has yet to solve.
When spending cryptocurrency, it is usually exchanged for fiat currencies before use. While this exchange might cost some transaction fee with rates changing according to platform, Monaco’s Visa card eliminates this tedious process by enabling users to spend directly on cryptocurrencies at current exchange rates.
Crypto.com works towards this goal by providing a portfolio of exceptional consumer products, which include the MCO Visa Card, the Card App, Crypto.com Wallet, Crypto.com Chain, Crypto Invest program and Crypto credit. With the Crypto.com Wallet, users can trade and pay with major cryptocurrencies Bitcoin, Ether, Binance coin as well as with Crypto.com’s MCO and CRO Tokens.
CRYPTO.COM FEATURES
Since Crypto.com set off with a goal of accelerating “the world’s transition to cryptocurrency”, they have released products under the MCO umbrella whose features showcase alignment with the name and vision of the cryptocurrency. Here are some of the features available from Crypto.com.
  1. The MCO Visa Card
Crypto.com offer a range of MCO Visa Cards which are geared towards enabling users to spend cryptocurrency on everyday items at places where Visa is accepted. The Crypto.com portfolio of MCO Visa Cards range from Obsidian Black which requires a 50,000 MCO stake to the Midnight Blue, with no staking requirement.
The MCO Visa Card allows holders of cryptocurrency to spend their crypto on everyday purchases without first converting them to fiat. Regular travelers can also use the card since it eliminates the need of converting to local currency first.
  1. Low fees on Visa Cards
Crypto.com Visa Cards exchange cryptocurrencies to fiat money at very low fees without having to charge users for the exchange. Instead, the charge goes towards 1-2% of the processing fee of 4% paid by merchants upon purchase by a user with their Visa cards.
  1. Cashback Scheme on Spending
Just like popular reward schemes that users of standard credit cards enjoy, Crypto.com also offers a cashback scheme of up to 2% of crypto spending. If you are a travel buff, you will find the card offers real-time interbank exchange rates with no overseas fees. Also, there are no charges for ATM withdrawals across the world along with airport lounge access.
  1. MCO Wallet App
The MCO Wallet app debuted to a great reception with one of its most well received features being the ability to use a linked credit or debit card to buy Bitcoin, Ethereum, Ripple, Binance Coin and MCO tokens right from the wallet. Crypto.com plans to introduce a bank transfer option for this in the future.
Not only that, the wallet also supports fiat currencies such as USD, EUR and JPY. Fiat currencies can be exchanged at real-time interbank rates helping you save up to 8% compared to high standard bank fees.
The MCO wallet can let you avoid transfer fees on sending crypto and fiat to Crypto.com wallet users as there are no fees. Also you can get rewards for sharing the MCO wallet with your friends. When someone downloads the wallet through your referral code, you can get 10-25% referral commission on every purchase made.
Finally, along with the newly launched Crypto invest service, traders and investors can track over 200 different cryptocurrencies. There are charts available versus the USD or versus BTC which provide data for price, volume, percent change and more.
submitted by atomarsofficial to Atomars [link] [comments]

I wrote a 30,000 ft. "executive summary" intro document for cryptos. Not for you, for your non-technical parents or friends.

This document was originally written for my dad, an intelligent guy who was utterly baffled about the cryptocurrency world. The aim was to be extremely concise, giving a broad overview of the industry and some popular coins while staying non-technical. For many of you there will be nothing new here, but recognize that you are in the 0.001% of the population heavily into crypto technology.
I've reproduced it for Reddit below, or you can find the original post here on my website. Download the PDF there or hit the direct link: .PDF version.
Donations happily accepted:
ETH: 0x4e03Bf5CCE3eec4Ddae4d3d6aAD46ca4f198AeD6 BTC: 1GqWMZRRygRJJWYYTWHkAVoRcgyQHjgBMZ XMR: 42Y1S1KBoPk381kc7hA68zaiC78BxMoCADjLrFcTdWiE7ejhZc49s1t9i7P2EmTnHsLDiKoSUiogCbLVHXRJxjrCT4WG8ic XRB: xrb_1bpzh745s9kzk8ymfnks3jtdi65ayumdstokzd4yw4ohu3fopxmiocjcntcu 

Background

This document is purely informational. At the time of writing there are over 1000 cryptocurrencies (“cryptos”) in a highly volatile, high risk market. Many of the smaller “altcoins” require significant technical knowledge to store and transact safely. I advise you to carefully scrutinize each crypto’s flavor of blockchain, potential utility, team of developers, and guiding philosophy, before making any investment [1] decisions. With that out of the way, what follows are brief, extremely high-level summaries of some cryptos which have my interest, listed in current market cap order. But first, some info:
Each crypto is a different implementation of a blockchain network. Originally developed as decentralized digital cash, these technologies have evolved into much broader platforms, powering the future of decentralized applications across every industry in the global economy. Without getting into the weeds, [2] most cryptos work on similar principles:
Distributed Ledgers Each node on a blockchain network has a copy of every transaction, which enables a network of trust that eliminates fraud. [3]
Decentralized “Miners” comprise the infrastructure of a blockchain network. [4] They are monetarily incentivized to add computing power to the network, simultaneously securing and processing each transaction. [5]
Peer-to-peer Cryptos act like digital cash-- they require no third party to transact and are relatively untraceable. Unlike cash, you can back them up.
Global Transactions are processed cheaply and instantly, anywhere on Earth. Using cryptos, an African peasant and a San Francisco engineer have the same access to capital, markets, and network services.
Secure Blockchains are predicated on the same cryptographic technology that secures your sensitive data and government secrets. They have passed seven years of real-world penetration testing with no failures. [6]

Bitcoin (BTC)

The first cryptocurrency. As with first movers in any technology, there are associated pros and cons. Bitcoin has by far the strongest brand recognition and deepest market penetration, and it is the only crypto which can be used directly as a currency at over 100,000 physical and web stores around the world. In Venezuela and Zimbabwe, where geopolitical events have created hyperinflation in the centralized fiat currency, citizens have moved to Bitcoin as a de facto transaction standard. [7]
However, Bitcoin unveiled a number of issues that have been solved by subsequent cryptos. It is experiencing significant scaling issues, resulting in high fees and long confirmation times. The argument over potential solutions created a rift in the Bitcoin developer community, who “forked” the network into two separate blockchains amidst drama and politicking in October 2017. Potential solutions to these issues abound, with some already in place, and others nearing deployment.
Bitcoin currently has the highest market cap, and since it is easy to buy with fiat currency, the price of many smaller cryptos (“altcoins”) are loosely pegged to its price. This will change in the coming year(s).

Ethereum (ETH)

Where Bitcoin is a currency, Ethereum is a platform, designed as a foundational protocol on which to develop decentralized applications (“Dapps”). Anyone can write code and deploy their program on the global network for extremely low fees. Just like Twitter wouldn’t exist without the open platform of the internet, the next world-changing Dapp can’t exist without Ethereum.
Current Dapps include a global market for idle computing power and storage, peer-to-peer real estate transactions (no trusted third party for escrow), identity networks for governments and corporations (think digital Social Security card), and monetization strategies for the internet which replace advertising. Think back 10 years to the advent of smartphones, and then to our culture today-- Ethereum could have a similar network effect on humanity.
Ethereum is currently the #2 market cap crypto below Bitcoin, and many believe it will surpass it in 2018. It has a large, active group of developers working to solve scaling issues, [8] maintain security, and create entirely new programming conventions. If successful, platforms like Ethereum may well be the foundation of the decentralized internet of the future.

Ripple (XRP)

Ripple is significantly more centralized than most crypto networks, designed as a backbone for the global banking and financial technology (“fintech”) industries. It is a network for exchanging between fiat currencies and other asset classes instantly and cheaply, especially when transacting cross-border and between separate institutions. It uses large banks and remittance companies as “anchors” to allow trading between any asset on the network, and big names like Bank of America, American Express, RBC, and UBS are partners. The utility of this network is global and massive in scale.
It is extremely important to note that not all cryptos have the same number of tokens. Ripple has 100 Billion tokens compared to Bitcoin’s 21 Million. Do not directly compare price between cryptos. XRP will likely never reach $1k, [9] but the price will rise commensurate with its utility as a financial tool.
In some sense, Ripple is anathema to the original philosophical vision of this technology space. And while I agree with the cyberpunk notion of decentralized currencies, separation of money and state, this is the natural progression of the crypto world. The internet was an incredible decentralized wild west of Usenet groups and listservs before Eternal September and the dot-com boom, but its maturation affected every part of global society.

Cardano (ADA)

Cardano’s main claim to fame: it is the only crypto developed using academic methodologies by a global collective of engineers and researchers, built on a foundation of industry-leading, peer-reviewed cryptographic research. The network was designed from first-principles to allow scalability, system upgrades, and to balance the privacy of its users with the security needs of regulators.
One part of this ecosystem is the Cardano Foundation, a Swiss non-profit founded to work proactively with governments and regulatory bodies to institute legal frameworks around the crypto industry. Detractors of Cardano claim that it doesn’t do anything innovative, but supporters see the academic backing and focus on regulation development as uniquely valuable.

Stellar Lumens (XLM)

Stellar Lumens and Ripple were founded by the same person. They initially shared the same code, but today the two are distinct in their technical back-end as well as their guiding philosophy and development goals. Ripple is closed-source, for-profit, deflationary, and intended for use by large financial institutions. Stellar is open-source, non-profit, inflationary, and intended to promote international wealth distribution. As such, they are not direct competitors.
IBM is a major partner to Stellar. Their network is already processing live transactions in 12 currency corridors across the South Pacific, with plans to process 60% of all cross-border payments in the South Pacific’s retail foreign exchange corridor by Q2 2018.
Beyond its utility as a financial tool, the Stellar network may become a competitor to Ethereum as a platform for application development and Initial Coin Offerings (“ICOs”). The theoretical maximum throughput for the network is higher, and it takes less computational power to run. The Stellar development team is highly active, has written extensive documentation for third-party developers, and has an impressive list of advisors, including Patrick Collison (Stripe), Sam Altman (Y Combinator), and other giants in the software development community.

Iota (IOT)

Iota was developed as the infrastructure backbone for the Internet of Things (IoT), sometimes called the machine economy. As the world of inanimate objects is networked together, their need to communicate grows exponentially. Fridges, thermostats, self-driving cars, printers, planes, and industrial sensors all need a secure protocol with which to transact information.
Iota uses a “Tangle” instead of a traditional blockchain, and this is the main innovation driving the crypto’s value. Each device that sends a transaction confirms two other transactions in the Tanlge. This removes the need for miners, and enables unique features like zero fees and infinite scalability. The supply of tokens is fixed forever at 2.8*1015, a staggeringly large number (almost three thousand trillion), and the price you see reported is technically “MIOT”, or the price for a million tokens.

Monero (XMR)

The most successful privacy-focused cryptocurrency. In Bitcoin and most other cryptos, anyone can examine the public ledger and trace specific coins through the network. If your identity can be attached to a public address on that network, an accurate picture of your transaction history can be built-- who, what, and when. Monero builds anonymity into the system using strong cryptographic principles, which makes it functionally impossible to trace coins, [10] attach names to wallets, or extract metadata from transactions. The development team actively publishes in the cryptography research community.
Anonymous transactions are not new-- we call it cash. Only in the past two decades has anonymity grown scarce in the first-world with the rise of credit cards and ubiquitous digital records. Personal data is becoming the most valuable resource on Earth, and there are many legitimate reasons for law-abiding citizens to want digital privacy, but it is true that with anonymity comes bad actors-- Monero is the currency of choice for the majority of black market (“darknet”) transactions. Similarly, US Dollars are the main vehicle for the $320B annual drug trade. An investment here should be based on the underlying cryptographic research and technology behind this coin, as well as competitors like Zcash. [11]

RaiBlocks (XRB)

Zero fees and instantaneous transfer make RaiBlocks extremely attractive for exchange of value, in many senses outperforming Bitcoin at its original intended purpose. This crypto has seen an explosion in price and exposure over the past month, and it may become the network of choice for transferring value within and between crypto exchanges.
Just in the first week of 2018: the CEO of Ledger (makers of the most popular hardware wallet on the market) waived the $50k code review fee to get RaiBlocks on his product, and XRB got listed on Binance and Kucoin, two of the largest altcoin exchanges globally. This is one to watch for 2018. [12]

VeChain (VEN)

Developed as a single answer to the problem of supply-chain logistics, VeChain is knocking on the door of a fast-growing $8 trillion industry. Every shipping container and packaged product in the world requires constant tracking and verification. A smart economy for logistics built on the blockchain promises greater efficiency and lower cost through the entire process flow.
Don’t take my word for it-- VeChain has investment from PwC (5th largest US corporation), Groupe Renault, Kuehne & Nagel (world’s largest freight company), and DIG (China’s largest wine importer). The Chinese government has mandated VeChain to serve as blockchain technology partner to the city of Gui’an, a special economic zone and testbed for China’s smart city of the future. This crypto has some of the strongest commercial partnerships in the industry, and a large active development team.
  1. “Investment” is a misnomer. Cryptos are traded like securities, but grant you no equity (like trading currency).
  2. The weeds for Bitcoin: basic intro (1:36), non-technical explanation (5:24), Bitcoin 101 – Andreas Antonopoulos (23:51).
  3. It is impossible to double-spend or create a fake transaction, as each ledger is confirmed against every other ledger.
  4. Some utility token blockchains use DAG networks or similar non-linear networks which don’t require mining.
  5. In practice, these are giant warehouses full of specialized computers constantly processing transactions. Miners locate to the cheapest electricity source, and the bulk of mining currently occurs in China.
  6. Centralized second-layer exchange websites have been hacked, but the core technology is untouched.
  7. This effect has been termed "bitcoinization".
  8. The Ethereum roadmap shows moving from a Proof of Work (PoW) to Proof of Stake (PoS) consensus model.
  9. At $2.62 per XRP token, Ripple already commands a $100B market cap.
  10. After a January 2017 update.
  11. Monero uses ring signatures while Zcash uses ZK-SNARKs to create anonymity. Both have pros and cons.
  12. Note: all signs point to this crypto being renamed “Nano” in the coming weeks: nano.co.
submitted by jhchawk to CryptoCurrency [link] [comments]

Crypto winter is over… Who survived?

The cryptocurrency market is experiencing tectonic changes. It’s not about a 108.36% increase in the cryptocurrency capitalization this year. It’s about the projects who weathered the crypto winter and entering the field.
Pillars of the traditional financial market are coming…
The market seems to start maturing, with institutional investors increasing their exposure to crypto. On May 31st the number of Bitcoin contracts on the Chicago Mercantile Exchange reached an all-time high. Cambridge Associates in their research mentioned that the industry “is developing, not faltering” and suggested that institutional investors should begin exploring it. Finally, according to Binance research, institutional investors were buying units in Grayscale Bitcoin Trust at a 40% premium.
Given my VC background, I find the following evidence even more conceiving than the mere price of bitcoin. It’s the established companies tapping the waters. In June Apple revealed that iOS 13 would have a cryptographic developer tool. Prior to that in March Samsung presented cryptocurrency wallet for its flagship phone. Nevertheless, both Apple and Samsung are merely addressing the needs of the existing cryptocurrency community, without meaningfully contributing to its growth.
New long awaited coins: Grams (TON) vs GlobalCoin (Facebook)
There are two major IT projects that are set to push the horizons of the blockchain adoption. The first one is Facebook GlobalCoin initiative. It would be a huge PR event for the industry and would dramatically boost liquidity by introducing new investors who were not accustomed to the world of the blockchain.
The second one is obviously Telegram with its Telegram Open Network. The publicly available archive with the client was updated to the next version on June 6th. Despite lower user base than that of Facebook, TON would face a better adoption thanks to the following facts:
All these facts prove that the future of the blockchain industry and cryptocurrency markets is quite bright.
Who are the major beneficiaries?
The major movers in the field became the cryptocurrency exchanges. Most of them are evolving into full-service financial companies, with crowdfunding functionality (IEO) and OTC desks. They also start targeting institutions. Some of them are still struggling to get traction with fiat payments though.
Overall, the cryptocurrency landscape seems to be clearer now, with many companies releasing nothing for months. With all the weeds taken out, we shall see a great advance in the blockchain space over the second half of 2019, in both financial services and blockchain segments.
Blackmoon’s part of the pie
As we outlined in our latest digest, Blackmoon has been working hard on introducing new products and functionality:
💼 Blackmoon wallet,
💳 Credit card payments,
🏦 Bank wires,
📈 as well as six new investment products.
We are not going to stop, and July is going to be a significant month for the company and our community.
Blackmoon plans to fundamentally improve the functionality of the platform. This will enable investors:
Moreover, this release will introduce new functionality of our native BMC token.
I’m more than thrilled to tell you more details soon. Stay tuned to our updates to reach new crypto horizons together with Blackmoon.
Handy links to stay tuned to our updates:
website: blackmoonplatform.com telegram channel: https://t.me/blackmooncryptochannel Twitter: https://twitter.com/BlackmoonFG Reddit: https://www.reddit.com/BlackMoonCrypto/
DISCLAIMER
Investment in financial instruments carries a significant risk of loss and may not BE suitable for every investor. Before purchasing our investment products, please consider your level of experience, investment objectives and risk appetite, and consult an independent financial or legal advisor to ensure the product meets your objectives. Please note that your investments do not have capital protection and carry a risk of loss, including the loss of the entire investment amount; therefore, you should not risk the capital you cannot afford to lose. This material is presented for information purposes only and does not constitute a solicitation or investment advice.
submitted by GrimReaperCRO to CryptoMarkets [link] [comments]

Thermodynamics & Silent Weapons for Secret Wars or Crypto Anarchy 101: Statists Failing & Anarchists Thriving

Crypto Anarchy 101: Statists Failing & Anarchists Thriving
The black-market, the free-market, is what kept people alive throughout the worst of oppressions. The black market has been the art of surviving amidst all types of tyrannies and slaveries. The black market, aka System D, is something that everyone in the world will need to start getting comfortable with. CryptoAnarchy is the ultimate manifestation of complete market freedom, and it is here to stay.
Libertarians are beginning to finally realize their incredible advantage within this new market environment. The unfortunate statist masses have been programmed to feel uncomfortable with the mere idea of complete market freedom. Keep in mind that as of 2009, half of the world’s workers- around 1.8 billion – were employed by System D. The black market is only expected to grow even more so with the incentive structures being built out in order to advance the technological advancements of cryptography.
Humanity has never experienced a true free-market until now. For the first time in history one is beginning to take shape. The traditional business sector is beginning to realize that they are not even mentally equipped for the implications of having applied cryptography that is powered by market incentives. This is evident in their trite attempts at integrating these new technologies with traditional banking and financial systems. Their lack of creativity, and dependence on government, is a clear testament to how much they will be hurt in the coming future.
Statists Double Down after Failure: Tether and Stablecoins
Many within the crypto space have attempted to bridge the gap between legacy banking and cryptocurrencies. Amongst the various attempts at capitalizing with these new technologies, the idea of a stablecoin entered the space via Tether (USDT).
A stable coin is a cryptocurrency that is pegged on a 1 to 1 ratio to the US dollar, or any other asset- like gold- or fiat. Tether operated as a stable coin pegged to the US dollar on a 1 to 1 ratio. The biggest attribute behind stablecoins resided in their ability to provide stability in an otherwise volatile market.
For a long time many within the crypto space were curious about Tether’s means of operating with USD. Earlier this year TDV was the first entity to exclusively reported to its subscribers the origin of Tether’s “secret sauce;” fractional reserve banking.
The laws of fractional reserve banking allowed the Noble Bank of Puerto Rico to provide Tether with the legal means of operating as a stable coin pegged to the US dollar. The Noble Bank recently went bankrupt due to being insolvent. Noble Bank was the bank of Bitfinex and Tether. As a result, Tether and Bitfinex ended their relationship with Noble Bank.
It is important that you as a subscriber move your crypto out of Bitfinex. You should never keep your cryptoin exchanges. When you do this you don’t actually control the private keys of your coins.
(If you are an active trader, please consider using Bisq. Bisq is an open source decentralized exchange that does not control your private keys while trading. It is the most Anarchist exchange in the market right now.)
After losing its partnership with Noble Bank, Bitfinex began banking with HSBC. On October 15th, Bitfinex tweeted that their fiat deposit system was re-enabled. Overall, Bitfinex is still in the midst of reorganizing itself as an exchange with proper banking liquidity. For this reason we are of the opinion that it is best to stay away from Bitfinex until they are more solvent in their banking partnerships.
Tether (USDT) on the other hand is suffering from a lack of proper banking structures. Binance paused all USDT withdrawals and KuCoin, the exchange, also paused USDT deposits and withdrawals.
Tether is currently at around 2.1bn dollar market cap. Tether holders are having a difficult time cashing out of their Tether for USD. It is expected that unless Tether gets its banking situation sorted out, we will see movement out of Tether. This situation has caused the price of Tether to hit a low of $0.90 to the USD. As of writing this, Tether is trading at around $0.97 to the dollar.
The situation for Tether is dire at the present moment. We expect to see many Tether holders drop their Tether for Bitcoin, or other more cryptographically secure cryptocurrencies. This will more than likely be one of the main strategies that will be implemented in order to cash out of Tether.
This overall situation is once again showing us how unstable things are when dealing with fiat. We hope for the market to realize that there is more security in cryptocurrencies than there is in fiat backed stablecoins. Stablecoins will always have the instability of the fiat currencies that they are pegged to. The time will eventually come when people will realize that cryptocurrencies are a better store of value than stablecoins.
In spite of all of the issues circulating Tether, statist entrepreneurs are doubling down on their desire for stablecoins. We are seeing the beginning of what we believe will be a trend in the upcoming future; that is, stable coins pegged to various countries’ fiat and assets like precious metals. The new USD stablecoins recently announced to the market are GeminiUSD, TrueUSD, and Paxos Standard.
Volatility as a Sign of Life in the Market
Contrary to the statist perception on volatility, one can also view volatility in crypto as proper to a market that is fully alive. Crypto, for the first time in history, freed the market from bankster manipulation. Arguably, volatility is to be expected in an unregulated free-market where everyone in the world is for the first time welcomed to participate.
In comparison to the legacy financial system, crypto is fully alive while the former is handicapped by regulations, coercion, and disconnected from true free-market signals. That is, volatility signals of a free-market that breathes freely for the first time. Volatility is indicative of a market that is fully alive.
The desire for individuals to attach crypto to the legacy financial system, under the pretense of “less volatility,” is indicative of individuals that will have a hard time operating outside the bounds of regulation and government coercion. As long as we have statists uncomfortable with Anarchy, we will have stablecoins pegged to fiat.
Various Libertarian entrepreneurs are also beginning to dabble with the idea of a stablecoin that is pegged to precious metals. The challenge of these projects will be the same regulation that oversees fiat. Remember that the difference offered to the world by cryptocurrencies resides in crypto’s ability to operate freely within System D, without regulation. It is this new market, the true free-market, that for the first time is unstoppable.
Bitfinex’s Effect on EOS
Bitfinex is one of the entities that holds the greatest amount of votes for EOS Block Producers (BPs). For this and other reasons, we are currently expecting a shakeup of votes for selected top BPs. It is important that you remain attentive to the happenings within EOS and move your votes accordingly.
We will soon be coming out with more details on our perceptions regarding various BPs.
There are various discussions regarding BPs pending arbitration. This is a good thing. All shakeups lead us closer to more transparency and accountability. This should not directly affect the price of EOS, aside from what will result from the expected FUD of future BP shake-ups.
The Resilience of CryptoAnarchy after Blockstream’s Fake Sidechain
Amongst the various innovations within Bitcoin, sidechains have- for the past 5 years- existed as one of the holy grails of innovation. Blockstream, as a company, was put together to manifest sidechains. They sold us the concept of a sidechain as they were sourcing capital during their first rounds of investment; this was in October of 2014.
Sidechains were supposed to be delivered by Blockstream as a way to make Bitcoin innovation competitive to that of altcoin innovation. Sidechains were supposed to be “the Altcoin killer.”
After all of this time, Blockstream only delivered Liquid - which is not a sidechain- and called it a “sidechain.” That is, Liquid is not a sidechain when properly defined. Liquid is a multi-signature layer that allows for multiple exchanges to pool their money together to transfer funds amongst themselves. Liquid is not a true sidechain, it is more precisely a multi-signature wallet.
Calling Liquid a “sidechain” was just a marketing scheme by Blockstream in order to impress the illusion that they had delivered what they had promised. They didn’t. Blockstream gave up in attempting to create a true sidechain and created a multi-signature wallet instead. Keep in mind that Liquid is a “private sidechain.” Note that a proper sidechain ought to be made with open-source innovation in mind. Many of us see the actions of Blockstream as a bait and switch marketing scheme.
(For the rest of this article I will use the words “Drivechains” and “sidechains” interchangeably as synonyms. Drivechains are what sidechains originally were supposed to be- according to the original Blockstream Sidechain white paper. Blockstream’s bait and switch marketing scheme led to them calling “sidechain” a multisignature wallet that is not at all what they promoted on their white paper. Paul Sztorc, in an attempt to differentiate himself from the Blockstream perversion of the word “sidechains,” called his development of true sidechains “Drivechains.”)
Drivechain Sidechains
Paul Sztorc, the creator of decentralized prediction markets, was very much looking forward to Blockstream’s creation of sidechains. It was his hope that his decentralized prediction market would run as a Bitcoin sidechain. At about the end of 2015 Sztorc was done with BitcoinHiveMind, his decentralized predictions market (previously known as TruthCoin).
After realizing that Blockstream was not going to deliver on sidechains, as promised, Sztorc felt he needed to build it himself. The creation of his Drivechains started off as a means to an end for Sztorc; he needed true Sidechains for his decentralized predictions market- so he build it himself.
On September 24, 2018 Paul Sztorc announced the launch of the first Drivechain release. This release was accompanied with fervent followingof old-school Bitcoiners that immediately jumped into experimenting with Drivechains on the testnet known as “Testdrive.”
The Drivechain protocol is an alternative to the sidechain project originally proposed by Blockstream. It is a simpler design that enables blockchain compatibility in which the system still utilizes the same 21 million bitcoin ruleset- the Nakamoto consensus.
Drivechains are intended to allow for permissionless innovation without diluting or challenging the value of the main cryptocurrency. Contrary to other means of innovation within crypto, any innovation that comes from a Drivechain sidechain actually adds value to the Bitcoin protocol- for it does not dilute the main cryptocurrency. Satoshi vaguely discussed the importance of the ideas of sidechains and multi-blockchain connectivity on June 17, 2010.
This creation, of providing varied market options, make infighting and political discourses regarding consensus upgrades now seem infantile. Drivechains will provide the market with ongoing competitive solutions for blockchain development. Investors will now be exposed to options that would otherwise have been shunned in a less free environment.
The strategic advantage of Drivechain sidechains is that they will offer investors various options in the form of alternative chains. It is important to keep in mind that Drivechains are available for blockchains with the same UTXO set. That is, Drivechains are available for both BitcoinCore (BTC) and BitcoinCash (BCH).
How Drivechains work
Namecoin was the vision of early Bitcoin adopters of creating a DNS and identity infrastructure based on Bitcoin; that is, .bit DNS. This technology piggy backed on top of Bitcoin mining. That is, if you so chose you could merged-mined Namecoin alongside BTC or BCH. Namecoin can absorb hashrate from BTC or BCH without needing its own miners.
Merge-mining with BTC or BCH is also the process of validating and safeguarding Drivechain sidechains. Unlike Namecoin, Drivechain sidechains don’t require miners to run special software. For Drivechain sidechains miners implement what is known as blind-merge-mining. In blind-merge-mining the nodes of the sidechain run the software, not the miners. This operates under the assumption that the nodes running the software also hold BTC or BCH.
A payment fee is paid to miners to blind-merge-mine the sidechain, in a similar way that Namecoin merge-mining pays a fee. In this process, miners don’t have to run any software- they just passively make money for blind-merge-mining blocks with sidechains.
The main difference with sidechains is that you are not mining another coin like Namecoin, but rather you are mining the same BTC or BCH in another sidechain when you do the blind-merge-mining. Miners don’t get paid with the sidechain, they receive payment from the mainchain that they already trust when they blind-merge-mine. Miners are also economically benefited by always getting paid in the superior coin that they are already intentionally mining; BTC or BCH.
As BTC or BCH moves in and out from the mainchain to a sidechain, there might be claims of ownership that may cause disputes. Drivechain prevents this by emphasizing the superiority of the mainchain over sidechains. Sidechains have to report on exactly what it is doing- at all times- to the main chain. Whenever a sidechain wants to transfer money back to the mainchain it has to do it very slowly. This safeguards the network from theft. The slow movement of funds from the sidechain to the mainchain can be arbitrage by individuals who will be willing to purchase sidechain receipts for BTC or BCH coming from sidechains at a discount. People will also be able to do atomic swaps between chains in the near future. (Atomic swaps, or atomic cross chain trading, is the exchange of one cryptocurrency to another cryptocurrency, without the need of trusting a third-party).
It is the intent of Drivechains to create the interaction of miners with sidechains as seamless as possible. However, it is still important to have guarantee that money ends up in the right place. This is the reason for the slow movement of funds from sidechains to the mainchain.
The movement of a certain amount of transactions coming from a sidechain to the mainchain is batched up into one transaction with its own transaction ID. This transaction is frozen in place where miners and developers can examine it for at least a month (there are talks of even making this process longer between 3 to 6 months). During this time miners vote on whether to allow the payment to go through or not. Upon receiving enough upvotes, the batched up transactions are released unto the mainchain. The slowing down of movement of BTC or BCH from sidechains to mainchain decreases the threat of miners stealing BTC or BCH from a sidechain.
The sidechains are always watching the mainchain, so they know to credit people immediately when the mainchain sends money to it. Sidechains also know when the miners have accepted the release of batched up locked funds that are released unto the mainchain. Once the sidechain receives notification of the miners acceptance of funds in the mainchain, the sidechain destroys the funds that were frozen awaiting miner upvotes.
It is overall acknowledged that sidechains increase the value of BTC and BCH, which eventually make mining more profitable. It would be counterproductive for miners to attack and steal funds from sidechains. That is, miners acting maliciously decreases the value of their own equipment. In spite of this fact, it is good that Drivechains make it increasingly more difficult for theft to occur.
Miners, through their voting process, also get to punish bad sidechain actors. Any malicious sidechain will be cleaned out by miners. This is the opposite of the Ethereum model where anyone can code anything into the Ethereum blockchain, to the point that it could become a detriment to the Ethereum mainchain itself. That is, anyone can create a new ERC20 or ERC721 token without any vetting from the network.
Coins are moved from the mainchain to the sidechain by means of sending coins to an address that represents the sending of funds from the mainchain to the sidechain. Anyone running the given sidechain software will recognize that funds were sent to the sidechain- this will automatically credit the person with the same amount of BTC or BCH on the sidechain. Also, the sidechain is programmed to recognize the reception of funds unto the mainchain address from where it will automatically credit the user the same amount of BTC or BCH unto a sidechain wallet. People on the mainchain don’t have to know anything about this particular address. As far as they know, it is just another address.
Embrace the Spontaneous Order of Market Anarchy It is important that people within BTC and BCH take on a more Hayekian approach to entrepreneurship. Many within crypto are uncomfortable with the mere notion of spontaneous order. It is important that we as Ancaps lead the way in motivating people to experiment with their entrepreneurship.
In the past few years, the desire of individuals to covet the development of crypto has become more apparent. These people need to be ignored. No one is the leader of Bitcoin or crypto development. The best innovators within crypto are those that create tools that empower other entrepreneurs to create more options.
It is this spontaneous order that we should welcome and promote at all times. Many within BTC and BCH will not accept or feel comfortable with the radical spontaneous order enabled by Drivechains. This is good reasonto brush up on your Austrian Economics in order to properly confront minds that are fearful of human freedom.
The Ancap entrepreneurs who are most comfortable with spontaneous order will be the same ones who will produce the greatest amount of value. The development of CryptoAnarchy is guided by the science of praxeology and Austrian Economics. Drivechains are testament to the augmentation of our libertarian order are necessary for CryptoAnarchy to thrive.
Drivechains and Investment Strategy
The philosophical and economic advantage of sidechain innovation is that it enables the development of BTC and BCH with an investor-centric intention. It is the market’s investment that now decides the best means for scaling and development. Politics and propaganda take an almost insignificant backseat to that of market forces. The technology is now readily available for investors to test drive with their BTC or BCH on any given proposed sidechain. That is, you actually get to experience the value, or lack of value of a new innovation without jeopardizing your position as an investor.
All investment decisions are about strategy. Sidechains empower the investor’s strategy by allowing the investor to survey all of the possible value propositions of his/her original investment without having to incur any actual costs. In a similar way, sidechains also provide developers with quick market feedback on the aspects of development that are most favored by the market.
Drivechains are a pivotal step in maturing the crypto space into becoming more conscientious in considering the investment strategy of those buying the coins. It is important for innovators to start taking the investor’s strategy into account. Drivechains force developers to consider what is best for the investor, not just what is desired by a given team of developers.
Here we have not only a better proposition for investors, but also an incentive for developers to use Drivechains in future crypto experimentation. When experimenting with an altcoin, the measure of success is contingent on this new altcoin gathering a new pool of investors to literally buy into the project. With a sidechain you are already dealing with a more seasoned group of investors that will provide you with more accurate market feedback, being that their investment is now fortified by all other sidechain experimentations that they have already tested at no cost.
Altcoins will soon no longer be the locus of innovation within crypto. All future innovation will be offered the option to experiment within BTC or BCH via sidechains. Keep in mind that all previous innovations, already tested in the market by successful altcoins, are now easily adopted by BTC or BCH. It is also important to note that creative experimentation on sidechains do not at all jeopardize the mainnets of BTC or BCH. On the contrary, sidechains will make BTC and BCH much more valuable. When the Drivechain craze begins we will see a BTC and BCH bull run. Don’t be surprised if sidechains are the main reason for the next all time highs.
Statists Failing & Anarchists Thriving
It is important that we understand that the legacy banking system is completely dead. They are barely adopting simulations of cryptocurrencies unto their banking structures to stay alive. Stablecoins are a manifestation of this bankster angst to remain current.
True market innovation is found in the embrace of Market Anarchy. CryptoAnarchy is growing exponentially with tools that are beyond the reach of state megalomaniacs. Drivechains are an example of the CryptoAnarchist tools that will result in further anti-fragility of this new crypto free-market.
Proper Austrian Economic incentive structures coupled with applied cryptography is our lethal weapon against nation states and central banks. Arguably, our Ancap philosophy is what guides applied cryptography in the market towards success. For this reason it is important that we keep revisiting the texts of Rothbard, Mises, Hayek, and Konkin throughout our crypto endeavors. Peace!
by Rafael LaVerde
Source
TL;DR: How familiar are you with thermodynamics and silent weapons for secret wars? How familiar are you with the Brave New World Order?
submitted by 2012ronpaul2012 to conspiracy [link] [comments]

Hoard Invest in the Clash of Titans

You can listen to the soundtrack of this article here: Play me
 Have you ever heard a story, About Mrs. Feelesspaymentsglory? 

Prologue

Hello everybody! My name is Mickey, also known as Tezkatlypoka from Reddit, and I would like to show you my own gathered information about a great project which will have its own *ICO** very soon, the Hoard Invest. Hoard, the One and Only project setting you up to be your own bank!

Introducing

Web page White Paper Team
The name of this little post is “Clash of Titans” and that's simply because we will have two big players in the field of cryptocurrency banking, where each of these two giants will trying to demonstrate their vision and make you be able to use your Crypto in a daily life.
One of these two Ambassadors of crypto banking will be definitively ETHOS. ETHOS was the very first project where I have been convinced that their goal is to improve whole paying system and basically to build one. Their ICO was very successful, they obtain decent support from the medial world, their community is strong and the main fact is, their team is awesome.
They have one young genius named Shingo Lavigne as a CEO and great strategies and visionary Mr. Stephen Corliss who has got a lot of experiences and connections to grant the opened door leading up to the institutional sphere for Ethos. Who was in ICO, made a decent amount of money. Everybody thought that has to be a true champion without any possible competition.
When I heard about the Hoard for the first time, it was like when you get struck by the lightning. And hit by a truck right after! I immediately download their WP right to my phone and started to read it. I have to read it twice (you know, good stuff...well written, but lightning...truck...these can mess up your day completely). I have known right from a spot that I was reading about a true gem. I get Inspired. I wanted to know more and the baseline which started all of this was: They are like Ethos but slightly better!
There is a man in Hoard Invest who is very good at making things done. His name is Jason Davis and he is a new Rockstar in the cryptocurrency Rock and Roll Hall of Fame. He will bring a whole new concept to the world of the banking industry. He will create a special kind of bank without a possibility to provide loans. Hoard will partner with some banks to provide a real bank account with all the basic stuff in a little while.
Mr. JD has a tremendous experience in banking systems and also in application design and development. He has learned what struggles a new customer has to overcome and that's because he was a new customer once too. He is able to assemble those two things together and create ripper breakthrough product. The last piece of this puzzle is Mr. Dan Lipert, an expert who can code everything Don't get confused! This "ZZ Top look" guy has got very high expertise rating in coding stuff and if He looks like Jazzy Hipster, his ability to write a code is like when you are watching Eddie Van Halen play his Eruption solo. The movie Hacker with Hugh Jackman has been written by his CV btw and since he was working for the government of US as an IT expert, he has to know the drill. The team like this has a decent power to attract and create powerful alliances.
I choose to write about Hoard Invest because everything about it makes sense to me. This is where crypto needs to go for adopting. Only with projects like Hoard will the world start to take cryptocurrencies seriously.
The world will start taking crypto seriously if there will be a real use for that...like “Let's use it as a money”! (JD)
 Someone sings to Shingo drone, Someone hails from Jayson’s throne. 

The Hoard ecosystem

Let me tell you about another ecosystem which will make a huge impact on the future world, let me tell you about the possibility to be your very own bank, let me tell you about a team which is good as a hack and about their application modern design of which is fucking sick!
The Hoard is an ecosystem build on very good foundations. In this ecosystem, you will be using the hybrid multifunctional wallet where you can store all your coins and if this is not a game changer for you right now maybe I will change your opinion by adding another game-changing and astonishing tool, the Fiat gateway. That's right!
Unless you are not one of the most demanding readers and you are already convinced to buy their stuff, here you have a link https://www.hoardinvest.com/token/ and take care, but if you like it in more hardcore motion like I do, let's continue with some special perks list reading, shall we? :)
By implementing FIAT gateway they successfully put away any need for logging into an exchange. So you don't have to buy BTC or ETH (and pay the fee) for your EUUSD, then send them on Binance/Bitrex (and pay the fee), purchase a Litecoin (for a fee) and then make a final payment with some fee (well fu*ck me, that's a lot of fees). We got to used to it.
Another ripper they can provide you with is the system of Instant payments. You just click on the button “spend” and sell whatever coin you have at the moment and you will instantly get a value in dollars which you can use for your morning coffee purchase. That is really important because you can pay for whatever you just have right now. What suit your needs better. If you have only Neo and you want to pay with Neo, but your shop receives only Litecoin and Bitcoin, you have to go on the exchange and consolidate it, make a transaction, do a market, spend some time, pay the fees. Not anymore with Hoard. Another thing is they want to create 1:1 peer to peer relationship in transactions (you send One BTC, the guy will receive one whole BTC, not 0,98). So we have an Ethos on steroids here but what is their vision? I think the basic idea is to make a highway for completely new users in the sphere of the crypto world and clear a path for them completely; no obstacles if possible. You are also a Master of your private keys and passwords. Hoard can hold them for you if you like (in a way of provided service/support as encrypted backup).
You can be your own bank. Hoard is not a bank in the classical way of thinking. The mission isn't to work for as many banks as possible but make the banks want to work with HOARD.
Using Hoard means = Technology+security+support and almost Zero fees
You can also Invest your crypto profits right from the App and then forget about it for a while and let your money grow. This is first very first ICO available in the US and bears witness to this historical moment, when 3-8 % of world economic lays peacefully in the arm of cryptocurrencies and do this all from your smart device, with a help of the elegant and well-written application.
 Someone in hoard with shiny might, Someone is alone, in the endless night. 

What can Hoard offer to you

1) Cross-chain transactions and inter-exchange price matching 2) Instant transactions with Masternodes and minable transactions for scalability 3) Dapps on the Smaug network and possible ICO hosting. Airdrops to token holders each ICO 4) Public or Private transactions 5) The decentralized exchange where you always control your private key never the exchange 6) Fiat Gateway with the first fully compliant US-based ICO 7) Multi-currency wallet where Hoard never holds your private keys 8) Merchant services — send and receive payments in any currency including fiat regardless of initial currency type 9) Low transaction and other fees. Fees will be very low and allow you to do microtransactions for zero or almost zero fees 10) Sidechain for instant low fee transactions (think the lightning network and plasma) with multiple layered blockchain 11) Portfolio tracking 12) INV Fintech partnering 13) Self-auditing process via Oracles 14) Two possible levels of KYC authentication 15) You have all needed tools to be your Own bank 16) Strong community
 Someone tried to get that throne, He shall be doomed with crown of thorns. 

Summary and Technical shortcut for advanced readers

  • The basic idea is to make a highway for an experienced user and clear a path for him, no obstacles if possible
  • You are the master of your keys and passwords, Hoard can hold them for you if you like in a way of provided service/support (encrypted backup)
  • Direct communication with banks; the idea is banks should want to work with HOARD
  • Their contribution to blockchain is a second layer payment protocol (Raiden; it is off-Chain; it is cross-chain capable)
  • They want to create 1:1 peer to peer relationship in transactions (you send One NEO, the guy will receive ONE whole NEO)
  • HOARD = Technology+security+support
  • HOARD is not a classic "bank"
  • The world will start taking crypto seriously if there will be a real use for that...like for money!
  • Important thing is that you can pay for whatever you have. If you have the only NEO and you want to pay with NEO, but your shop receives only Litecoin and Bitcoin, you have to go on the exchange and consolidate it, make a transaction, do a market, spend some time, pay fees.
  • Hoard has got an instant payment system, so you click button spend and sell whatever the fuck you have and you will have dollars
  • If you try to screw our network, they will take your value(basically PoS for exchanges)
  • By running Master node you can store your keys on our own system when doing trading with our platform; never keep your keys on an exchange.
  • They will have well know customers and unknown customers (true decentralization)
  • So it is basically a side chain with PoS in OAR
  • MM, Oracle(transparent auditing system), low fees, micro/instant transaction, support -> you want this
  • The Hoard is an ecosystem
  • Banks are in use of the BlockChain for 6 years already
  • Providing a trusted and secure bridge between the fiat money and cryptocurrency environments -FINRA/MSB regulated and KYC/AML compliant
  • 2nd-layer cross-chain payments protocol for everyday use, serving as a valuable utility reinforced by our native currency from day one
  • OAR can be used to accelerate the conversion of fiat-to-crypto when buying cryptocurrency and crypto-to-fiat when cashing out or as a daily settlement mechanism for merchants. OAR enables holders to atomically transact - spend using (X) or (X + Y) currency while the recipient receives (Z) currency, instantly
  • OAR is ERC20 token running on Ethereum platform. They will migrate to their own chain in the future
  • They are opposite of Ripple
  • Oracle It is a software for auditing. Oracle sees everything, it knows what everyone has in their wallets on the platform. They will monitor the blockchain and collect data and use that data to react...its kinda like AI. Setting a current value of the crypto you are hoarding. Will be open-source in the future.
  • MasterNodes The master nodes have not yet been finalized. Master nodes are things you can run on your own by holding tokens, stabilizing the token value and help the Hoard to run transaction easily. By running a master node you provide a help with building decentralization.
  • Smaug protocol Instant trustless payments across any currency or smart contract based blockchain. Instantly and automatically swap holdings at transaction versus manual coin consolidation. Decouple reliance on any specific chain, foundation or exchange.

Decision making

Now, let's get back to our comparison. Mr. Corliss opens up the institutional side for ethos. He has deep connections from his time with BlackRock and knows how to give confidence and legitimacy to the ethos project. Having top talent like him attracts other top talents to join too. Shingo had a good idea. He cocked the rest of it up. Ideas like prediction or betting... then who knows what. They can still make it a good platform in the long run.
Mr. JD on the other hand, is so Fair dinkum and True blue developeprogrammebusinessman/dealmakeblockchain-evangelist/ and a great entrepreneur, because he understands the day to day problems in our own personal financial dealings and management systems, having a vast knowledge of blockchain technology he has come up with the solution we have all been waiting for. He is a solid unit. He made a tool to let us be our own bank and be less reliant on corporations who love to take your hard earned money and fee you to the death. If Roger Ver is Jesus of Bitcoin Cash, then JD is Chuck Norris of banking systems in the cryptocurrency world.
Ethos vs. Hoard. When it comes down to it, show that Ethos is offering two things. A fiat gateway for cryptocurrency investing and crowd sentiment for investing..(with Binance offering USD pairing soon ETHOS needs to step its game up). Hoard will be a fiat gateway with a minimal to no fee exchange and its base, with a network for instant transactions of any coins and also the ability to make any transaction private. Think what lightning network was for bitcoin but quicker and for any currency. Along with AI investing, spare change investing. The last thing is the fact you hold your own private key (at ETHOS you don't).
So my advice is: Do not sell your ETHOS for HOARD even thought that I am very bullish in the HOARD case. It’s not always about the best technology remember, but don't hesitate with HOARD very long.
But need to say they are both very decent projects. I like Hoard more and that's all. Remember that without a strong competition they would not be a true winner and how could we recognize a great gem if there isn't anything similarly good for comparison?
I am using a reference to my good buddy EvilMonkey. He is an awesome writer and he did a great review about Hoard a few days ago. You can read his article here: https://medium.com/@ICOProReivews/hoard-invest-ico-review-52f18c3227d6

Epilogue and acknowledgment

Ok my friends, regular people, fans of crypto, early adopters and decent readers, you have made it again.
This is the end of this sorry and I frankly thank all of you for your kind attention and wish you all have a great day (...or a bad day, depends on your level of self-sadomasochism, haha).
For me is the Hoard Invest the winner of this Clash of Titans and We my friend will meet again in Jason Davis interview, which will be pretty awesome.
 Future will show, who will bow, Who shall be victorious in Titan's brawl. 
submitted by Tezkatlypoka to icocrypto [link] [comments]

Iranian authorities blocked access to cryptocurrency exchanges

CoinDesk reports that the state of affairs for the users cryptocurrencies in Iran became worse considerably. From May they experience difficulty with access to the trade grounds. In particular, speech about Binance, Blockchain and LocalBitcoins. In closing dates a government without warning blocks access to the cryptocurrency exchanges. VPN and another ways round is powerless: authorities recover a traffic by means instruments the deep analysis.
Formally cryptocurrencies are not forbidden in Islamic Republic of Iran. Many Iranians unofficially acquire bitcoin as means maintenance cost : it is simpler, than to buy the American dollars at the black market. The cutback the economic activity in a country – annual inflation of the Iranian rial attained 127% – resulted in that authorities try in every way to contest with the conclusion facilities abroad. In April, 2018 the Central bank of Iran forbade the use bitcoin and other digital currencies in all financial centers of the country.
Director of project Iran Observed at Institute of Middle East Ahmad Khalid Majidyar so comments situation:
“President Rohani does not want, that Iranians translated foreign currencies outside a country, especially dollars. If diplomacy will fail, it will mean further limitations that will influence on cryptocurrencies.”
Recently head of economic committee the government Mohammad Reza Pourebrahimi declared that cryptocurrency traders negatively influenced on the economy of the country, as spend the “milliards dollars” on foreign trade grounds.
Legal status cryptocurrencies in Iran while is not certain. Last year authorities of Iran planned to work out the legal base turn digital currencies. A commission in composition the Higher council cyberspace of Iran studied economic aspects and questions safety. In the total advice offered whole five scenarios settlement cycle digital moneys.
By reason radical changing course became the economic instability caused by a political vagueness. Authorities country expect proceeding in hard approvals from the side of the USA in August and November of this year. Approvals return as a result exit the USA from a nuclear transaction with Iran: America and Israel accused Teheran of that he continues secretly to develop a nuclear weapon.
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submitted by ICOandCryptoNews to ICOandCryptoNews [link] [comments]

Subreddit Stats: Bitcoin top posts from 2018-04-16 to 2018-05-16 07:24 PDT

Period: 29.86 days
Submissions Comments
Total 1000 60667
Rate (per day) 33.49 2014.59
Unique Redditors 728 13668
Combined Score 403062 287813

Top Submitters' Top Submissions

  1. 23089 points, 2 submissions: jrs0080
    1. Whoever put this up deserves a medal (22960 points, 320 comments)
    2. It’s Official... 13th December is The Best Day to Own Bitcoin!!!! (129 points, 30 comments)
  2. 22608 points, 10 submissions: bitchari
    1. Value is always in the eyes of the beholder (10970 points, 554 comments)
    2. We did it!! BTC ✌️ (4328 points, 346 comments)
    3. Uncomfortable truths!! (3222 points, 471 comments)
    4. "rat poison" returns!! (1547 points, 239 comments)
    5. Really!! (806 points, 127 comments)
    6. A picture is worth a thousand words! Found this on Twitter (805 points, 88 comments)
    7. German Bank Allows Users To Transfer Loans Anywhere In The World Using Bitcoin "see no bank, hear no bank, speak no bank" is their motto (392 points, 30 comments)
    8. “We need to take a moment and respect this generation’s interest in this new instrument (bitcoin),” CFTC Chairman. https://www.ccn.com/we-need-to-respect-this-generations-interest-in-bitcoin-cftc-chairman/ (328 points, 28 comments)
    9. You may define what Bitcoin is to yourself. You may not define what Bitcoin is to others without their consent. https://t.co/6vVRhoVTZm (113 points, 18 comments)
    10. Bill Gates doesn't like bitcoin. Really?!! He did not believe in the internet either! (97 points, 47 comments)
  3. 14875 points, 2 submissions: ltc-
    1. What a time to be alive! (14748 points, 470 comments)
    2. I modified a thing. (127 points, 22 comments)
  4. 10913 points, 1 submission: InteractiveLedger
    1. This is NOT OK. Upvote for visibility (10913 points, 1557 comments)
  5. 10876 points, 1 submission: PineappleFund
    1. Farewell from the Pineapple Fund (10876 points, 611 comments)
  6. 10387 points, 1 submission: EMC2_trooper
    1. I see it every day. (10387 points, 296 comments)
  7. 9081 points, 1 submission: normcrypto
    1. You knew this was coming... one of my faves last year (9081 points, 128 comments)
  8. 8749 points, 4 submissions: StoneHammers
    1. exceedingly efficient (7945 points, 207 comments)
    2. As I was saying (423 points, 20 comments)
    3. Too Damn High (194 points, 56 comments)
    4. Dear Bitcoin ATM makers please disclose your fees in clear understandable language prominently on the face of your machines. (187 points, 53 comments)
  9. 7663 points, 1 submission: joe4c
    1. Sir this seat is reserved for people with disabilities... (7663 points, 526 comments)
  10. 6865 points, 1 submission: Dark_Dantex
    1. It’s over 9000!!!!!! (6865 points, 429 comments)
  11. 6741 points, 1 submission: Weaselbrott
    1. Everyone on Bitcoin right now waiting to press "submit" on their well-crafted 10K memes (6741 points, 134 comments)
  12. 6553 points, 1 submission: chickenmalaitikka
    1. Rekt (6553 points, 85 comments)
  13. 5352 points, 1 submission: LouisOfTokyo
    1. I took a trip with some friends to a sleepy rural town in Japan, hours outside of Tokyo. We entered a cafe and were surprised to see that they accepted bitcoin. Here is my friend buying a chocolate cake. (5352 points, 303 comments)
  14. 5340 points, 3 submissions: Pascalboyart
    1. Thanks a lot for your bitcoin donations on my street art piece in Paris, already 130$ received 🙏🙏🙏 (3909 points, 178 comments)
    2. Street art piece in Paris with a QR code for bitcoin donations (728 points, 63 comments)
    3. We did it ! Thanks to all the redditors, it came most from you guys 👏🙏🙏🙏 (703 points, 71 comments)
  15. 5118 points, 2 submissions: TipToeTiger
    1. Crypto Rider - A free game I made about racing on Bitcoin and other crypto's historical price graphs! (more info in comments) (5052 points, 309 comments)
    2. Thank You message to bitcoin from Crypto Rider team! (Message in comments) (66 points, 12 comments)
  16. 5021 points, 1 submission: UniqueUsername642
    1. This is Cryptocurrency (5021 points, 372 comments)
  17. 4820 points, 2 submissions: tinaclark90
    1. I've made some free Bitcoin Icons (4731 points, 246 comments)
    2. Very Soon in Vegas (89 points, 15 comments)
  18. 4558 points, 2 submissions: boobooyoudo
    1. Amazon filed a patent to de-anonymize Bitcoin transactions and sell the data to law enforcement (4501 points, 711 comments)
    2. Near Field Technology could help bring lightning Bitcoin payments to retail. (57 points, 7 comments)
  19. 4222 points, 1 submission: sparty_postgrad
    1. The answer on Jeopardy today! (4222 points, 174 comments)
  20. 4209 points, 2 submissions: installeris
    1. 17000000 Bitcoins Have Been Mined! 4 millions to go! Happy anniversary day! (3735 points, 271 comments)
    2. The Irony (474 points, 37 comments)
  21. 3850 points, 1 submission: SingularityNerd
    1. Hilarious satire protest outside Consensus, the website says Genesis Mining put it on. #bankersagainstbitcoin (3850 points, 183 comments)
  22. 3673 points, 1 submission: sebastianstan21
    1. Current scenario (3673 points, 130 comments)
  23. 3632 points, 1 submission: awice
    1. WOW, this just happened on Jeopardy! last night. (3632 points, 363 comments)
  24. 3630 points, 1 submission: -All-Day-
    1. Ayy lmao (3630 points, 60 comments)
  25. 3617 points, 1 submission: JJKirsch
    1. Fake or Fork (3617 points, 354 comments)
  26. 3435 points, 2 submissions: tedand
    1. CoinMarketCap should remove Bitcoin dot com website from Bitcoin's page (3135 points, 200 comments)
    2. Bitcoin.com is first result in Google for "buy Bitcoin", selling "Bitcoin Cash" instead (300 points, 168 comments)
  27. 3429 points, 1 submission: universaleric
    1. Sh..should we get the "it's over 9000" memes ready? (3429 points, 204 comments)
  28. 3404 points, 1 submission: eragmus
    1. Erik Voorhees: “Roger - please stop referencing me to back up your opinion that Bitcoin Cash is Bitcoin. It isn't. Bitcoin is the chain originating from the genesis block with the highest accumulated proof of work. The Bitcoin Cash fork failed to gain majority, thus it is not Bitcoin.” (3404 points, 402 comments)
  29. 3354 points, 7 submissions: ayanamirs
    1. Satoshi Nakamoto about bitcoin.com (2332 points, 327 comments)
    2. Roger Ver is a well-known scammer. (451 points, 129 comments)
    3. Coinbase has become an unreliable and even dangerous service, subject to arbitrary, non-transparent actions as it merged with the US banking sector and started to provide information on its customers to the US government. It has become everything that Bitcoin was designed to stop - @Wikileaks (313 points, 145 comments)
    4. Electrum 3.1.3 release! (96 points, 24 comments)
    5. I'm so glad bitcoin don't have a central man on the top. (71 points, 23 comments)
    6. Fees are low, use this opportunity to Consolidate your small inputs! (58 points, 7 comments)
    7. The segwit adoption doesn't increase anymore. We need to do something. (33 points, 33 comments)
  30. 2819 points, 4 submissions: Mikeross14
    1. Cracks me up everytime (2161 points, 70 comments)
    2. Baby Saver offers to buy this sub (270 points, 270 comments)
    3. Marvel referencing cryptocurrency in one of its latest comics! (261 points, 21 comments)
    4. You want to help Bitcoin but can't code? Do a simple thing then, call out all the scammers and call out everyone who supports these scammers. Make Crypto free from these scums. Simple. (127 points, 37 comments)
  31. 2795 points, 4 submissions: Fly115
    1. Bitcoin.com has fixed it's webpage after lawsuit (1642 points, 572 comments)
    2. Microsoft + Bitcoin Lightning Network. Decentralized Identity proof of concept to be shown off at Consensus 2018. Seems big (721 points, 104 comments)
    3. A major announcement at #consensus2018 that did not seem to get a lot of airtime @LedgerHQ announcing an institutional custody solution in partnership with @Nomura and @GABIjersey. Addresses a major issue for institutional investors (242 points, 16 comments)
    4. Segwit Adoption - Steady growth to 35% (190 points, 70 comments)
  32. 2590 points, 1 submission: dustincrypto
    1. Bitcoin going mainstream in Las Vegas (2590 points, 109 comments)
  33. 2567 points, 3 submissions: edlund10
    1. Nick Szabo retweeted: "⚠️ If you are new to #bitcoin then please be aware that bitcoin .com is a fraudulent website. ⚠️ This website is run by Roger Ver who is a known serial scammer. ⚠️ The current main scam is the promotion of #bcash which is a fake version of bitcoin." (1906 points, 302 comments)
    2. Exactly 5 years ago Wired wrote "The world’s most popular digital currency really is nothing more than an abstraction. So we’re destroying the private key used by our Bitcon wallet." The loss is currently worth $124,453.58 (568 points, 134 comments)
    3. Warren Buffet vs. Bitcoin, 5 years chart, logarithmic scale (93 points, 52 comments)
  34. 2556 points, 1 submission: SchnitzelBoss
    1. Coinmarket cap removed Bitcoin.com from Bitcoin's website list. (2556 points, 159 comments)
  35. 2549 points, 1 submission: bajanboost
    1. CEO of Binance actually gives a f***. This is the exact moment he was introduced to the Bermuda Shorts by the Bermuda Development Agency; A formal dress code in the country (2549 points, 125 comments)
  36. 2518 points, 2 submissions: Bitcoin_21
    1. WikiPedia's Bitcoin page removed the Bitcoin dot com explorer, because it misleads its users. (2083 points, 153 comments)
    2. Please report the bitcoin ,com wallet to the iOS app store for fraud. (435 points, 122 comments)
  37. 2403 points, 1 submission: TomasEddison
    1. Guy on CNBC says $100USD bill is used for far more illicit activity than bitcoin. (2403 points, 183 comments)
  38. 2316 points, 7 submissions: Suberg
    1. 600+ Bitcoin Users Seek Lawsuit Against Bitcoin.com & CEO Roger Ver for Fraud (1094 points, 298 comments)
    2. Bitcoin Lightning Network Matures With Record 2000 Nodes, $150K Capacity, 7000 active channels (500 points, 172 comments)
    3. Bitcoin.com Fraud Lawsuit Group Gaining Steam With Over 1000 Members (322 points, 184 comments)
    4. Tom Lee: Bitcoin Price Increase Coming After Consensus Conference (155 points, 46 comments)
    5. Russia's 'CIA' Memo Admits Telegram Was Blocked Because Crypto Is 'Uncontrollable' (151 points, 13 comments)
    6. Bitcoin Price Historically Surges With Consensus Conference, Data Shows (47 points, 26 comments)
    7. IMF's Lagarde: Bitcoin 'Could Have a Significant Impact on How We Save' (47 points, 11 comments)
  39. 2274 points, 9 submissions: TheGreatMuffin
    1. The CEO of Binance, a company with $200M yearly revenue, at a press conference (810 points, 103 comments)
    2. Goldman Sachs to Open a Bitcoin Trading Operation - NYTimes (498 points, 54 comments)
    3. Kraken's response to the NYAG enquiry (413 points, 117 comments)
    4. Jameson Lopp: "Today I've learned that a lot of data sources are incorrectly reporting the total bitcoin supply. We haven't actually hit 17M BTC yet; you can follow along in realtime at [link]" (141 points, 23 comments)
    5. Bitcoin was the 9th most viewed Wikipedia article in 2017, coming in just behind the entry for the United States. (h/t @lopp) (120 points, 18 comments)
    6. Samourai and goTenna Enable Bitcoin Transactions Without Internet Access (100 points, 16 comments)
    7. A German online bank uses Bitcoins to transfer loans (93 points, 35 comments)
    8. Huawei Is About to Give Chinese Users Easier Access to Bitcoin (62 points, 14 comments)
    9. Bitcoin Threat Model - extensive security review of possible threats to bitcoin as cryptocurrency (by JW Weatherman) (37 points, 11 comments)
  40. 2225 points, 1 submission: awesomedan77
    1. WARNING: HitBTC stole 5Btc deposit, even after I provided everything they asked for 2+ months! (2225 points, 486 comments)
  41. 2170 points, 1 submission: ronnnumber
    1. 45% of investors... (2170 points, 227 comments)
  42. 2041 points, 1 submission: YnotHaTony
    1. Truth about Bitcoin mining (2041 points, 136 comments)
  43. 2017 points, 9 submissions: Miladran
    1. Nasdaq is open to becoming cryptocurrency exchange, CEO says (966 points, 104 comments)
    2. BREAKING: Coinbase Just Bought One of Bitcoin's Biggest Startups (278 points, 103 comments)
    3. Bitcoin buy orders are >90% of the market for the first time since March 2017 (176 points, 28 comments)
    4. Telegram CEO Is Using Bitcoin to Help Bypass Russia's App Ban (173 points, 11 comments)
    5. Sell gold, buy bitcoin? The ultimate global safe haven debate has begun (128 points, 56 comments)
    6. Lambos are coming (117 points, 53 comments)
    7. Bitcoin gets boost from IMF head (71 points, 7 comments)
    8. Is PayPal driving people towards Bitcoin? (60 points, 83 comments)
    9. NASDAQ-Powered Cryptocurrency Exchange Platform to Launch in June (48 points, 9 comments)
  44. 1997 points, 1 submission: trainrekt23
    1. Found this today on the campus of my uni (1997 points, 225 comments)
  45. 1991 points, 1 submission: kynek99
    1. Here is the bitcoin.com owner who created Bitcoin Cash to scam people and show real Bitcoiners a middle finger. (1991 points, 408 comments)
  46. 1847 points, 1 submission: sha256art
    1. Fasten your seat belts (1847 points, 107 comments)
  47. 1822 points, 1 submission: 127fascination
    1. Australia Bans Cash For All Purchases Over $10,000 Starting July Of 2019 (1822 points, 531 comments)
  48. 1788 points, 5 submissions: coinmoon_com
    1. ‘Bitcoin’ was the 9th most read article on Wikipedia in 2017. Lets make it number 1 this year. Spread the word! (632 points, 35 comments)
    2. Bitcoin has worked non stop for 9 years. Without any days off, scheduled maintenance or severe issues. Let that sink in for a minute. (599 points, 226 comments)
    3. FORBES: Gold used to be money, and it was great money for its times. But Bitcoin's now the new flight capital. (286 points, 37 comments)
    4. 15 Claims Against Lightning, Answered (164 points, 12 comments)
    5. Bitcoin could replace cash in 10 years - Business Insider (107 points, 59 comments)
  49. 1694 points, 1 submission: BitMarKas
    1. New Ledger features! (1694 points, 42 comments)
  50. 1635 points, 6 submissions: _smudger_
    1. Today the 17th Million bitcoin will be mined (1070 points, 130 comments)
    2. Bitcoin to hit $50,000 by year-end, says BitMex CEO (158 points, 92 comments)
    3. Lightning + NFC? The New Plan to Bring Bitcoin to Retail (152 points, 45 comments)
    4. Vaultoro Becomes The First Exchange To Implement Bitcoin Lightning Network Payments (116 points, 6 comments)
    5. How to build your own portable plug-in Lightning node! (95 points, 5 comments)
    6. Bitcoin’s Recent Institutional Demand Is Unprecedented, Says Futures Market CEO (44 points, 6 comments)
  51. 1581 points, 1 submission: CoolStoryBroLol
    1. Bitcoin accepted at my dentist's office (1581 points, 210 comments)
  52. 1524 points, 1 submission: paintedfrog
    1. Found a helpful infographic. Could be handy to respond with this when people forget what Bitcoin is called... (1524 points, 294 comments)
  53. 1504 points, 1 submission: NikolaosKost
    1. Lawsuit from over 600 Bitcoin Users against Bitcoin.com and CEO Roger Ver (1504 points, 338 comments)
  54. 1497 points, 1 submission: 3hrdrive
    1. In Australia there is currently an investigation into banks and their practices, and the results are frightening (1497 points, 124 comments)
  55. 1423 points, 4 submissions: chek2fire
    1. Everyone must report this Bitcoin mobile wallet asap.Is a fraud (554 points, 174 comments)
    2. Roger Ver and Bitcoin.com do a social attacks to Bitcoin (506 points, 313 comments)
    3. Blockchain.info. 8 months and still no segwit support. They are more lazy than sub-saharan public sector (288 points, 58 comments)
    4. They said: "Segwit is not a scaling solution".... (75 points, 59 comments)
  56. 1420 points, 10 submissions: DesignerAccount
    1. Witness the future: Paying for coffee with LN in real life - Brisbane Airport (377 points, 144 comments)
    2. Bitcoin transaction fees in sat/b have not been so low since 2011!!! (173 points, 65 comments)
    3. PSA: Stop spelling the Bitcoin fraudulent site correctly - It only helps them as search engines pick it up. Use: bitcoin,com | bitcoin .com | bitcoin (.) com | bitcoindotcom | ... (153 points, 52 comments)
    4. "The bitlicense is a creature so foul, so cruel that not even Kraken possesses the courage or strength to face its nasty, big, pointy teeth." --- Kraken CEO: Exchange Won't Answer New York AG's Inquiry (141 points, 11 comments)
    5. Ready for work. (140 points, 69 comments)
    6. World Debt Hits Record $164 Trillion <-- That's WHY bitcoin. (133 points, 121 comments)
    7. Goldman Hires Head Cryptocurrency Trader (99 points, 4 comments)
    8. Chilean Anti-Monopoly Court Orders Banks To Re-Open Crypto Exchange’s Accounts (71 points, 3 comments)
    9. Hilarious: Lighting TESTNET app renamed Bitcoin Cash TESTNET!! (68 points, 23 comments)
    10. UNICEF Is Mining Crypto to Raise Funds for Children (65 points, 6 comments)
  57. 1381 points, 1 submission: girlpearl
    1. At the Gramatik show last night in Boston (1381 points, 63 comments)
  58. 1358 points, 3 submissions: zappadoing
    1. someone put a BTC-symbol on to the swiss federal bank! (1212 points, 84 comments)
    2. Bitcoin boosted as IMF boss Christine Lagarde praises cryptocurrency and suggests it could transform the way people save and invest (101 points, 8 comments)
    3. The Zurich bakery where you can't pay with cash (but bitcoins are fine) (45 points, 9 comments)
  59. 1337 points, 8 submissions: frankreddit5
    1. My daughter just informed me that someone told her "#Bitcoin is a worthless scheme" & that the US dollar has, quote, "one 'brick' of gold in a vault for every dollar there is."..There's so many things wrong with both of these statements that all I can do is sit here and facepalm (582 points, 184 comments)
    2. Here's my Bitcoin Starry Night art on Canvas! (250 points, 26 comments)
    3. I think it turned out sick! (whitepaper on metal) (122 points, 22 comments)
    4. It's funny to me when people say that #Bitcoin is a ponzi scheme or a bubble. The real ponzi scheme is the money system created by the Federal Reserve. And that's the real bubble, too. It's time for monetary reform; it's time for people to take back what is theirs. #BuyBitcoin (118 points, 39 comments)
    5. Argentina raises interest rates to 40% (80 points, 52 comments)
    6. my Satoshi Whitepaper art on 3/4" thick birch wood, treated with a high-gloss coating. (73 points, 16 comments)
    7. my Bitcoin Phoenix artwork (on metal) (70 points, 12 comments)
    8. my Bitcoin Astronaut art presented on a metal panel. It looks almost like an LCD TV in person! Image in comments. (42 points, 9 comments)
  60. 1200 points, 4 submissions: hodlerenfin
    1. Starting tomorrow Monday April 23, 2018 I will ask everywhere I spend my fiat, if they take Bitcoin even if I know they don’t. (609 points, 234 comments)
    2. Sad day today will be the last day we’ll see bitcoin below 9k.🙃 (275 points, 170 comments)
    3. Charlie Shrem on Twitter (162 points, 56 comments)
    4. I think at least everyday, wherever we spend fiat we should ask if they take Bitcoin. Even if we know they don’t. (154 points, 60 comments)
  61. 1196 points, 5 submissions: LegendsRoom
    1. Bitcoin dethroning Gold as a store of value. (349 points, 116 comments)
    2. Remember! with Banks, "only deposit what you can afford to lose!" (287 points, 121 comments)
    3. Remember! with Banks, "only deposit what you can afford to lose!" (287 points, 130 comments)
    4. Banking panic and chaos in UK, as customers locked out of accounts for 5 days running.. (155 points, 44 comments)
    5. UK Bank crippled, as customers panic, accounts emptied. (118 points, 41 comments)

Top Commenters

  1. TheBoyChris (2416 points, 4 comments)
  2. HODLTID (1954 points, 6 comments)
  3. Marcion_Sinope (1679 points, 303 comments)
  4. CONTROLurKEYS (1626 points, 204 comments)
  5. SuperGoxxer (1542 points, 284 comments)
  6. gonzobon (1428 points, 41 comments)
  7. technicallycorrect2 (1322 points, 29 comments)
  8. gbitg (1314 points, 4 comments)
  9. Bipolar_Chihuahua (1279 points, 3 comments)
  10. conv3rsion (1275 points, 1 comment)
  11. GolferRama (1167 points, 164 comments)
  12. HeyZeusChrist (1098 points, 51 comments)
  13. BCashBCashBTrash (1094 points, 381 comments)
  14. WhyDontYouTryIt (1019 points, 401 comments)
  15. jagan1355 (1016 points, 7 comments)
  16. HelloImRich (973 points, 50 comments)
  17. TheGreatMuffin (955 points, 141 comments)
  18. LegendsRoom (906 points, 59 comments)
  19. Kalin101 (859 points, 59 comments)
  20. Hanspanzer (845 points, 317 comments)
  21. TipToeTiger (797 points, 57 comments)
  22. themonkier (782 points, 16 comments)
  23. ducksauce88 (779 points, 179 comments)
  24. EMC2_trooper (762 points, 23 comments)
  25. Cryptolution (756 points, 223 comments)
  26. Timeforadrinkorthree (751 points, 3 comments)
  27. tranceology3 (750 points, 132 comments)
  28. biologischeavocado (741 points, 52 comments)
  29. MuD_D (740 points, 1 comment)
  30. BitcoinAlways (732 points, 286 comments)
  31. Explodicle (716 points, 246 comments)
  32. fenstabeemie (715 points, 1 comment)
  33. harreh (709 points, 1 comment)
  34. BashCo (669 points, 81 comments)
  35. zomgitsduke (654 points, 92 comments)
  36. bluethunder1985 (643 points, 124 comments)
  37. dontshillmexrp (643 points, 3 comments)
  38. jakesonwu (641 points, 90 comments)
  39. bitsteiner (639 points, 148 comments)
  40. eintnohick (627 points, 4 comments)
  41. devonthed00d (624 points, 8 comments)
  42. bitmaincash (623 points, 114 comments)
  43. fomotheclown (623 points, 114 comments)
  44. Black_RL (620 points, 15 comments)
  45. castorfromtheva (619 points, 24 comments)
  46. hsjoberg (612 points, 18 comments)
  47. pepe_le_shoe (602 points, 196 comments)
  48. a33b (602 points, 1 comment)
  49. inchhigh314 (597 points, 28 comments)
  50. Bitcoin_21 (577 points, 100 comments)
  51. Cykablast3r (571 points, 10 comments)
  52. bitusher (567 points, 87 comments)
  53. mustbemoney (564 points, 63 comments)
  54. typtyphus (562 points, 105 comments)
  55. gta3uzi (556 points, 145 comments)
  56. StopAndDecrypt (544 points, 80 comments)
  57. bossman-CT (542 points, 1 comment)
  58. IceColdInferno (534 points, 1 comment)
  59. outofofficeagain (532 points, 85 comments)
  60. fruitlessbanana (531 points, 9 comments)
  61. harrapino (526 points, 1 comment)
  62. suninabox (522 points, 159 comments)
  63. NimbleBodhi (511 points, 27 comments)
  64. pilotavery (508 points, 172 comments)
  65. Let_It_Steep (508 points, 5 comments)
  66. DeucesCracked (504 points, 71 comments)
  67. SpoekplumpeN (502 points, 142 comments)
  68. MrRGnome (498 points, 68 comments)
  69. Kanye_B_redpillin (497 points, 9 comments)
  70. robinwindy (495 points, 259 comments)
  71. absurdparadox (485 points, 8 comments)
  72. Iruwen (469 points, 57 comments)
  73. Bitcoin_Acolyte (459 points, 32 comments)
  74. ToddVonToddson (458 points, 1 comment)
  75. crptdv (450 points, 10 comments)
  76. djLyfeAlert (447 points, 83 comments)
  77. BucketSnail (443 points, 1 comment)
  78. BenTG (435 points, 5 comments)
  79. Mikeross14 (431 points, 39 comments)
  80. Utoko (429 points, 112 comments)
  81. LouisOfTokyo (428 points, 13 comments)
  82. pwuille (418 points, 17 comments)
  83. DartmouthBG (416 points, 26 comments)
  84. Natanael_L (411 points, 23 comments)
  85. flipsfordayz (410 points, 11 comments)
  86. raumi75 (408 points, 25 comments)
  87. boxhit (402 points, 27 comments)
  88. bluepuma90 (400 points, 3 comments)
  89. StoneHammers (391 points, 35 comments)
  90. AussieBitcoiner (390 points, 28 comments)
  91. TheRedStoner (385 points, 36 comments)
  92. 127fascination (384 points, 5 comments)
  93. PineappleFund (383 points, 4 comments)
  94. The-Physicist (382 points, 153 comments)
  95. BcashLoL (382 points, 137 comments)
  96. ketefocko (379 points, 1 comment)
  97. ThisIsABeginning (376 points, 22 comments)
  98. randiwulf (375 points, 6 comments)
  99. SpaceDuckTech (374 points, 66 comments)
  100. cdecker (373 points, 39 comments)

Top Submissions

  1. Whoever put this up deserves a medal by jrs0080 (22960 points, 320 comments)
  2. What a time to be alive! by ltc- (14748 points, 470 comments)
  3. Value is always in the eyes of the beholder by bitchari (10970 points, 554 comments)
  4. This is NOT OK. Upvote for visibility by InteractiveLedger (10913 points, 1557 comments)
  5. Farewell from the Pineapple Fund by PineappleFund (10876 points, 611 comments)
  6. I see it every day. by EMC2_trooper (10387 points, 296 comments)
  7. You knew this was coming... one of my faves last year by normcrypto (9081 points, 128 comments)
  8. exceedingly efficient by StoneHammers (7945 points, 207 comments)
  9. Sir this seat is reserved for people with disabilities... by joe4c (7663 points, 526 comments)
  10. It’s over 9000!!!!!! by Dark_Dantex (6865 points, 429 comments)

Top Comments

  1. 2313 points: TheBoyChris's comment in This is NOT OK. Upvote for visibility
  2. 1951 points: HODLTID's comment in Whoever put this up deserves a medal
  3. 1309 points: gbitg's comment in Value is always in the eyes of the beholder
  4. 1275 points: conv3rsion's comment in Farewell from the Pineapple Fund
  5. 1220 points: technicallycorrect2's comment in Amazon filed a patent to de-anonymize Bitcoin transactions and sell the data to law enforcement
  6. 1219 points: Bipolar_Chihuahua's comment in This is NOT OK. Upvote for visibility
  7. 1014 points: gonzobon's comment in exceedingly efficient
  8. 987 points: jagan1355's comment in This is NOT OK. Upvote for visibility
  9. 740 points: MuD_D's comment in The answer on Jeopardy today!
  10. 715 points: fenstabeemie's comment in Truth about Bitcoin mining
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How to Buy Cryptocurrency for Beginners (UPDATED Ultimate ... How To Buy Bitcoin Cheap And Pay No Fees On GDAX ... Rushing To Buy Bitcoin, Binance Vs Ethereum, Libra Kitties, Bitcoin DeFi & BTC Oil Company Beginners Guide to Coinbase Tutorial - How to Buy & Sell ... Buy Cardano ADA on Binance US Now directly from your bank ... How to buy bitcoin in Japan। bit bank to Binance Deposit ... Binance is Back! Let's Buy Some BNB Coin. Let the Alt Season Begin! Binance - Buy Crypto with Bank Cards ? ll SBI Leaks Data ll Bitcoin ETF ll Fidelity ll Use a Debit Card on Binance US to Buy Bitcoin! - YouTube BITCOIN $380K END GAME!! BINANCE LIBRA FORK? - Programmer Explains

P2P. In order to buy and sell cryptos across the Binance network, go to the “Trade” dropdown menu and select “P2P”. You will need to complete the KYC verification process to buy and sell ... After you have successfully linked your bank account you are now ready to Buy/Sell Bitcoin on Coinbase! Step 3: Buy Bitcoin . To buy bitcoin, select the ‘Trade’ option at the top right corner of your dashboard. Coinbase: Buy Bitcoin. A pop-up window will appear, where you mention the amount (in USD) worth of bitcoin you wish to purchase. After entering the desired amount, select the ... Bitcoin Black CryptoCurrency. Fee Free & Instant transactions. Fair Distribution. Giving the power back to the people. Join the Free coin airdrop. Founded in 2014, it offers one of the cheapest ways to buy and sell Bitcoin via bank transfer or SEPA. The platform offers to buy, trade, save, back up cryptocurrency as well as sell it. The transaction fee for selling crypto on Bitpanda is 1.29%. There are withdrawal limits but verified users can convert up to €500k every day due to SEPA transfers. Interestingly, this series of events also led to various debates about circuit breakers in cryptocurrencies, following the massive drop in the price of Bitcoin on March 12 (“Black Thursday”). In addition to the broader sell-off, investors holding leveraged positions were at risk of being closed, which increased the aggregate need for cash, expediting a major liquidity crisis. To meet this ... Binance cryptocurrency exchange - We operate the worlds biggest bitcoin exchange and altcoin crypto exchange in the world by volume An Indian bank is preparing to start providing crypto banking services at its physical bank branches. Customers can buy bitcoin and several other cryptocurrencies at these branches with Indian ... The innovative platform began offering Bitcoin in 2014, and at the time of writing – mid 2018 – eToro has 10 cryptos available to buy outright. These are as follows: Bitcoin; Bitcoin Cash; Ethereum; Ethereum Classic; Dash; Ripple; Litecoin; Stellar; NEO; and EOS. The motto at eToro is “Cryptos Needn’t Be Cryptic” and the team are always trying to educate users about cryptocurrencies ... The fundamentals did not change. Unlike fiat, bitcoin remains a currency with limited supply. No one can print more of it. Demand is increasing, especially now. It will be fine. Instead of a naive black-and-white view of “safe haven” or not, we need to take a deeper look at how things work in the real world, which is usually in greyscale ... What is Binance Coin and how do you use it? Find out what it's all about, how to buy and trade with it and what to watch out for in BNB's future.

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How to Buy Cryptocurrency for Beginners (UPDATED Ultimate ...

Hi there, In this video, we will show you how to buy bitcoin in bit bank and send it to Binance .this is a simple step. if you like the video please do not f... This is the ultimate guide on how to buy cryptocurrency like Bitcoin, Ethereum, and other cryptocurrency for beginners. Link to the article version of this g... Live Bitcoin Trading With DeriBot on Deribit DeriBot Backup 293 watching Live now Bitcoin will be worth a MILLION dollars using the KARDASHEV Scale - Duration: 9:26. Amazon Affiliate Link - (If You Buy Something On Amazon, I Get A Small Commission As A Way To Support The Channel) - (There is NO extra cost for you) https://amzn.to/39MXp4q Computer I Use To ... !!👨‍💻 SET UP A BINANCE US ACCOUNT 👩‍💻 !! https://www.binance.us/?ref=35000644 Binance US now allows you to use a Debit card to make purchases ... 👨‍💻 SET UP A BINANCE US ACCOUNT 👩‍💻 https://www.binance.us/?ref=35000644 Invite a friend to get $15! Get $15 when you complete $100 in trading volume ... Instant Updates #45 1) SBI leaked account data 2) Iran to lift Crypto Ban 3) VanExk/SolidX Etf refiled 4) NEM Foundation (XEM) faces Bankruptcy 5) Fidelity in March ? 6) Binance - Buy Crypto with ... Set up a Binance account: https://www.binance.com/?ref=11783993 🔐 Ledger Nano X 🔐 New Ledger Nano X !!! Pre-Order Here: https://www.ledgerwallet.com/r/6057 W... Coinbase will give you $10 in Bitcoin when you buy or sell your first $100 worth of any Cryptocurrency. Get a Coinbase account today! https://www.coinbase.co... Coinbase & Coinbase Pro Tutorial. How to buy bitcoin from Coinbase in 2020. Coinbase is one of the best and well-known cryptocurrency exchanges where you can...

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