Bitcoin scams: 78 Waterloo Region residents have lost ...

Weekly Update: ParJar Swap private beta, Fantom Opera Network Special-fee Contract, SelfKey + ThreeFold, Open Staking live on Harmony…– 15 May - 21 May'20

Weekly Update: ParJar Swap private beta, Fantom Opera Network Special-fee Contract, SelfKey + ThreeFold, Open Staking live on Harmony…– 15 May - 21 May'20
Hey Parachuters! Seems like ages since I last posted a weekly update, right? Unfortunately, got super busy with IRL work and couldn’t keep up. But fret not! I finally scraped some time out today to get upto speed with all the news from the Parachute universe in May and June and organised them into a series of weekly updates like the ones I used to write earlier. But instead of posting them one by one everyday, thought it might be best to release them all at one go. So here's Part I of VI - All that happened at Parachute + partners from 15 May - 21 May'20:

The ParJar swap feature beta testing started this week with a call to testers far and wide. Click here for the latest update and stats on ParJar straight from Cap's mouth - "...it took almost two years of betas and growth to reach 1 million tips (March 7th) nd it’s taken 2 months to to add another 400k..". Amazing! The #par4par raffle continues with a 500k $PAR pool. Peace Love hosted a general knowledge trivia in TTR this week for 10k $PAR in prizes. Gamerboy’s random trivia and Victor’s “Big Trivia” in Tiproom were quite fun as well. Naj (who’s also this week’s Parena winner) hosted a six set quiz in TTR. Charlotte’s been hosting quizzes in a new format for quite some time now. This week too she held one in Tiproom. Jason started a #culturalweekend prompt with an invitation to Parachuters to share "about a cultural dance or ceremony" from their area. "Explain in detail about the dance and why it is important" for some cool $PAR. Among many of the cool stories shared by Parachuters included Nico’s Occitan music from Italy and Soleira’s Dancing Devils of Tinaquillo. Congratulations to Clinton’s FLI charity for partnering with Lumenthropy which is Stellar's philanthropic arm. Remember, all profits from the Parachute Shop go to FLI. Another crypto league with a 150k $PAR prize pot started this week. Gian’s Two-For-Tuesday was a free for all. To revisit all the awesome music posted for 2FT, check out the playlist made by Sebastian.
Naj came back from near certain defeat in the finale to win this week’s Parena
aXpire CEO Matthew Markham penned an article on remote work and billing software for legal firms. An updated e-flyer for Bilr was released as well. To track the latest $AXPR burn, click here. 2gether added customer support capabilities to their Twitter, Facebook and Discord. Plus, an incident tracker status page was added this week. The XIO dApp which is still in private beta has already seen 500k+ $XIO tokens locked into it. Awesome! To get a feel of how the dApp works, check out Dash’s latest video demo where he also shared some updates on tokenomics. Uptrennd founder Jeff Kirdeikis interviewed Dash over an hour long session to talk all things XIO. $XIO got listed on Idex. Click here to watch an update video on the latest developments. For XIO discussions this week, Citizens brainstormed over the base liquidity pair on Uniswap V2. DeFi Nation’s Clayton Roche wrote a detailed commentary on what XIO is doing right. Birdchain’s mid-May update came out this week. Voyager hosted a business update conference call this week. CEO Steve Ehrlich talked about the platform and crypto in general with Charlie Shrem on the Untold Stories podcast this week. Voyager’s Q3 2020 results were released. Still figuring out how to fund your Voyager wallet? Watch this video to find out. An upgrade to Fantom’s Opera Network was pushed which allows staking different amounts over time. For the latest project update, click here. A community AMA also happened this week where the team talked about a new staking proposal called Fluid Staking. Jeff from Uptrennd sat down to interview IOST co-founder Terry Wang this week. Uptrennd broke into the top 20k Alexa global rankings. Woohoo! GET Protocol’s GUTS Tickets app is now available in Italian as well. DoYourTip’s $DYT is now available on Uniswap V2.
What a welcome sight for support engineers. Source: https://2gether.statuspage.io/history
Switch’s $ESH token was listed on Stex, ProBit, Crex 24, Hotbit, Bilaxy and Bitcoin.com this week. Bitcoin.com also announced support for the $GHOST airdrop along with a deposit and trade competition. Continuing on its acquisition spree from last week, Switch acquired gaming platform Wavesbet and voting dApp ClearPoll. Whitepaper for the GHOST project by John McAfee was released. They will be airdropping their tokens 1:1 to $ESH HODLers on the 25th. The release of $GHOST has been contentious to say the least. Reflecting on some of the plagiarism allegations levelled against the project, the crew shared their side of the story. The team also sat down for an AMA with Coiner Vietnam. District0x’s latest weekly update talked about the upcoming DappDigest and new developments in Meme Factory among other news. The Q4 2019 quarterly report was released as well. Read all about Hydro’s Financial Offers framework here. If you are a graphic designer, don’t forget to check out this gig at Sentivate. US-residents only. OST’s Simona Pop will be attending a panel discussion by Outlier Ventures next week to talk about dev onboarding. P2P internet ecosystem ThreeFold announced a multi-faceted partnership with SelfKey for KYC and new user onboarding services. Following last week's community vote on the most attractive marketplaces, Passports Marketplace was found to be the most popular. This week, the community voted on their most preferred blockchain to be added to the app. Bank of Hodlers joined SelfKey's Loans Marketplace while Tokens.net joined the Exchanges Marketplace. COTI did a study on IoT payments and how it could offer a solution. The project was selected for the next listing vote on Gate.io. COTI community also got an opportunity to interact with the AtomicWallet team through an AMA this week.
Hydro has been constantly updating its dev tools to offer a seamless developer experience
Click here to read the latest Constellation Hypergraph mainnet stats. New features were added to the Molly wallet. Click here for steps to install the wallet. TheDailyChain expanded on how the $DAG ecosystem was growing. Pynk CEO Seth Ward wrote about the future of fintech in his EM360 article. Congratulations on crossing the 1k follower mark on Medium. In Shuffle Monster news, most of the $SHUF liquidity on Uniswap was moved to the V2 pool this week. New features were added to the Wibson app with the latest release giving more data control powers to the end user. Pre-staking started on the Harmony mainnet with the opening up of bids by validators followed by the election of the first batch of validators thereby marking the start of Open Staking. And just after, Harmony became the first ever blockchain to support sharded PoS. The news of Open Staking going live was covered by Coindesk and Cointelegraph. More details on what next was shared in a Coinspeaker article. How does a delegator fit into the overall scheme of things? Check out this video. Open staking noobs will find these 101 tutorials helpful. CTO Rongjian Lan also did a community call to explain about it. For the latest development updates otherwise known as #pow thread, click here. Harmony’s EPoS is designed to be fair to all stakers. So make sure to optimise your staking rewards. $ONE Binance wallets were taken down briefly for a temporary maintenance activity. They now support the mainnet coin. Hope you had a chance to participate in the guess-effective-median-stake contest to win some cool $ONE prizes. Click here for the latest staking stats. $ONE was added to Binance Savings which offers a fixed rate of return on locked savings. A minor bug in the staking bug was removed. The APR numbers should get calculated more accurately now. The crew appeared for an AMA with StakingHub. Congratulations to the winners of Stake Heist! Binance and BitMax announced support for staking with BItMax crew also appearing for an AMA. IntelliShare crew sat down for an AMA with CoinNess this week.

And with that, we have to close for this week in the Parachuteverse! See you again with another update. Ciao!
submitted by abhijoysarkar to ParachuteToken [link] [comments]

Yield Farming in DeFi — the Evolution outcome of the Crypto Industry

Yield Farming in DeFi — the Evolution outcome of the Crypto Industry

Yield Farming in DeFi — the Evolution outcome of the Crypto Industry
Yield Farming (income farming) is one of the key trends actively developing in DeFi. Thanks to this earnings strategy, the Compound project has recently taken off, ranking first in terms of the number of user funds blocked in the protocol.
The Yield Farming investment strategy, or income pharming, is to generate income from the placement of cryptocurrencies on various DeFi-platforms for crypto-lending. Before Yield Farming, the main trend in DeFi was conventional cryptocurrency deposits, bringing in 4–10% returns. However, Yield Farming can generate up to 100% annualized income.

Yield Farming is the main driver of the DeFi sector

The number of cryptocurrencies locked in DeFi (Total Value Locked — TVL) is now $2.29 billion. At the same time, over the past month, the capitalization of funds in DeFi has more than doubled, largely due to the popularity of income pharming. At the same time, the top five DeFi protocols attracted $2.1 billion in crypto assets, or 91.7% of the total TVL volume.
• Compound — $690.8 million
• MakerDAO — $644.7 million
• Synthetix — $396 million
• Aave — $192.4 million
• Balancer — $178.2 million
And the total number of users of these projects was about 230,000.
The sharp rise in interest in Yield Farming is associated with one of the new protocols on the market — Compound. Users of this platform can provide loans or take out loans in nine different cryptocurrencies, for which they receive COMP project tokens. With these tokens, Compund users can make decisions about its future development. In other words, conditional “shares” of the Compound project are distributed to those who provide liquidity to the platform, as well as to those who take loans on it. This largely corresponds to the concept of SAFG (“a simple agreement on the possibility of obtaining the right to control in the future”) as a logical development of other principles of distribution of tokens — SAFE and SAFT.

COMP for BAT

Issued daily at 2880 COMP, which is equivalent to $518,688 at a token price of $180.1. Half goes to liquidity providers, half to borrowers. At the same time, distribution is carried out to each of nine markets (BAT, ETH, USDC, USDT, Dai, REP, 0x and Sai) — to everyone who borrows or takes loans from Compound, in proportion to the interest rate, as well as to their payments for interest or income. The higher the rates for a loan or loan, the more COMP tokens are paid.
At the same time, Compound is constantly updating its token distribution rules. So, according to the latest update from July 2, COMP payments begin to be made based not on interest rates, but on the dollar value of the funds in the transaction. This should eventually lead to more use of stablecoins. For them, borrowing rates can be less than 1%, which is ten times less than for the most volatile asset in DeFi — the BAT token.
It is worth noting that until recently, Compound users received the maximum number of COMP tokens for transactions with BAT. As a result, for the period from June 19 to July 2, the volume of transactions with this asset reached $931 million, which exceeded the total turnover of Ethereum and DAI for the same period. However, another change in the rules sharply increased the volumes of DAI and USDC.

Yield Farming: Borrowing Is Better Than Lending

The changes did not affect the main advantage of Compound — the COMP tokens received by users still cover the cost of borrowing in cryptocurrencies. In other words, Compound users find it more profitable to borrow than borrow (as noted, for example, with the Tether stablecoin). Payments of COMP tokens to borrowers look like a cryptocurrency cashback for participation in the platform — this can be viewed as if, for example, American Express bank shared a small share in the share capital with users for each transaction.
This Compound policy has led to a sharp increase in loans, as well as increased income for those providing liquidity, as they also receive COMP tokens for participating in the platform. Moreover, this cashback is a plus to the interest earned on borrowed cryptocurrencies. Moreover, since borrowers receive payments on loans, liquidity providers can use their own assets to borrow more funds. As a result, their income increases and they again provide liquidity to Compound.

Not only Compound

Compound was not the only one that played an important role in popularizing Yield Farming. So, Aave makes it possible to borrow cryptocurrencies at a fixed rate, and then place them in order to generate income. Aave’s fixed rate is usually higher than Compound’s variable, which means Aave gives more income to those who provide crypto loans. There are also liquidity pools, such as Uniswap, which offer large returns (sometimes at 100% annualized rate), but with higher risks.
While the price of СOMP shows a clear downward trend (research of the Delta Exchange platform claims that this token is five times overvalued), Compound is overgrown with competitors. So, on June 22, the COMP token cost $327.82 (on the day of listing on Coinbase Pro, June 23, at the moment the cost even rose to $427), and on July 12 it was already $180.1. The fall of СOMP is noticeable, but it is worth noting that at the beginning of its emission the token cost only $16. Moreover, about 80% of COMP tokens are distributed among the top 10 addresses in Compound, and the volume of tokens in free circulation is $686 million, which corresponds to a free-float indicator of 38%. It is not high, and this will contribute to the strong volatility of COMP.
Against the background of a decrease in the cost of COMP, the Balancer platform, which provides crypto lending services from a pool of various ERC20 tokens, began distributing 145,000 native BAL tokens to liquidity providers every week. These tokens, like COMP, provide the right to participate in the management of the platform. Of the maximum possible issue of BAL 100 million, 65% will go towards payments.

Risks of Yield Farming

Despite the popularity of Yield Farming among DeFi players, this trend is not without its pitfalls. For example, Ethereum co-founder Vitalik Buterin continues to criticize DeFi, stating that “interest rates that are significantly higher than you can get when working in the field of traditional finance are either an opportunity for temporary arbitrage or are obtained at the expense of not publicly disclosed risks.”
Indeed, when using Yield Farming, the following risks should be borne in mind:
• Cryptocurrencies can be stolen from the platform they are hosted on.
• The participant may borrow too much funds in relation to the crypto deposit placed by him (trading with high leverage), as a result of which the collateral may be lost.
• The collapse of cryptocurrency rates. This factor can be realized if, for example, it turns out that some stablecoins in reality do not have the declared 1:1 collateral.
• The Compound platform will no longer reward borrowers and lenders with COMP tokens. According to the statements of the project team, the program will operate over the next four years — during this time 42% of the total token emission will be distributed. However, the site has the right to change the rules.
• Systemic risk, within which even small changes in the core principles of Yield Farming can provoke a very strong transformation of this strategy and affect its popularity.
• Scam tokens. Due to the simple asset listing system on the Uniswap site, assets such as a copy of the Balancer token, fake coins of the Curve Finance project, the DYDX token, which can be confused with dYdX, and the Uniswap Community Token, which is not related to the platform itself, appeared on it. As a result, the site issued a warning about an increase in the number of fake ERC20 tokens.

Yield Farming gives hope for the growth of cryptocurrency quotes

But how does Yield Farming affect the crypto market in general? Over the last week of June and the first ten days of July, an additional 2,430 bitcoins were added to Compound, in addition to the 170 already available at that time. The Balancer platform during the same time saw an influx of bitcoins from 126 to 1787. In total, for the implementation of Yield Farming, DeFi protocols are now more than 12,000 BTC. Potentially, an increase in the inflow of bitcoins into this sector of the cryptocurrency market can play a positive role in relation to the dynamics of the growth of quotations of the first cryptocurrency. After all, the growing popularity of Yield Farming supports interest in BTC, which is especially important given that in July, the turnover of this cryptocurrency trade fell by 31% compared to June.
Since most of the DeFi projects are based on the Ethereum blockchain and use the assets of this ecosystem, ether can potentially get an incentive for strong growth. Although the example of XRP and the development of innovations from Ripple shows that such market success is not guaranteed. It is also symbolic that the total capitalization of ERC20 tokens has reached $33 billion, exceeding the total capitalization of ether ($26.6 billion). Messari analyst Ryan Watkins, commenting on this data, said that ether has shown a very modest growth over the past two months, only 20%.
The continued growth in interest in stablecoins and the increase in trading volume with them is also driven by their popularity at Yield Farming. Along with this, stablecoins, which have long become a “bridge” between the world of classical finance and the cryptosphere, also contribute to the rapid emergence of various CBDCs on the market.

Yield Farming meets institutional investors

Yield Farming has become a natural stage in the evolution of the cryptocurrency ecosystem. However, its further destiny, like all DeFi areas, is directly related to ensuring reliable cybersecurity. This is also important from the point of view of investors who invest in infrastructure: it’s a shame, for example, that the dForce platform faced the theft of $24 million in assets, having received $1.5 million in funding from investors a few days earlier.
In this connection, venture funds from Silicon Valley are being invested in the development of infrastructure for Yield Farming. So, ParaFi is investing $4.5 million in Aave, supporting a platform that offers instant cryptocurrency loans without collateral. These are high-risk transactions for the borrower, but it is important that Aave develops further. So, it has service integration with Uniswap. Moreover, Aave became the first DeFi protocol to work with the Tether stablecoin. Plus, the platform now offers a new product — credit delegation, when a depositor can lend their assets to a specific member of the platform in a collateral-free scheme. Both parties enter into a loan agreement, which, thanks to the integration of Aave with OpenLaw, allows such a contract to be securely stored on the blockchain. In fact, this is a real exit for DeFi with Yield Farming to the classic financial market, to work with institutional investors as well.
There is also a trend towards the integration of various platforms into DeFi, which thereby help each other grow. Thus, internal tokens and “synthetic” tokens (cTokens) Compound began to be used in Uniswap. And three projects at once — Synthetix, Curve and Ren — launched a joint pool providing liquidity in the form of tokenized bitcoins.
Also in a short period of time, insurance products targeted at Yield Farming members, such as Nexus Mutual, began to appear on the market. Now the Nexus Mutual team has insured assets in the amount of $8.5 million. Curve Finance is most interested in this opportunity ($1.6 million of assets are insured). Cryptocurrencies for an average of $700,000 are also insured on the Balancer, Compound, Aave and 1inch.exchange platforms.
Yield Farming, along with decentralized insurance products, confirms the opinion of analyst Chris Burniske, who emphasized that DeFi recreates all the elements that are found in classic finance, but on a new, innovative basis. So it cannot be said that Yield Farming is a short-term trend. This segment of the cryptosphere will continue to evolve despite the decline in net margin in it, as seen in the example of Compound.
Subscribe to our Telegram channel
submitted by Smart_Smell to Robopay [link] [comments]

Looking back 18 months.

I was going through old emails today and came across this one I sent out to family on January 4, 2018. It was a reflection on the 2017 crypto bull market and where I saw it heading, as well as some general advice on crypto, investment, and being safe about how you handle yourself in cryptoland.
I feel that we are on the cusp of a new bull market right now, so I thought that I would put this out for at least a few people to see *before* the next bull run, not after. While the details have changed, I don't see a thing in this email that I fundamentally wouldn't say again, although I'd also probably insist that people get a Yubikey and use that for all 2FA where it is supported.
Happy reading, and sorry for some of the formatting weirdness -- I cleaned it up pretty well from the original email formatting, but I love lists and indents and Reddit has limitations... :-/
Also, don't laught at my token picks from January 2018! It was a long time ago and (luckliy) I took my own advice about moving a bunch into USD shortly after I sent this. I didn't hit the top, and I came back in too early in the summer of 2018, but I got lucky in many respects.
----------------------------------------------------------------------- Jan-4, 2018
Hey all!
I woke up this morning to ETH at a solid $1000 and decided to put some thoughts together on what I think crypto has done and what I think it will do. *******, if you could share this to your kids I’d appreciate it -- I don’t have e-mail addresses, and it’s a bit unwieldy for FB Messenger… Hopefully they’ll at least find it thought-provoking. If not, they can use it as further evidence that I’m a nutjob. 😉
Some history before I head into the future.
I first mined some BTC in 2011 or 2012 (Can’t remember exactly, but it was around the Christmas holidays when I started because I had time off from work to get it set up and running.) I kept it up through the start of summer in 2012, but stopped because it made my PC run hot and as it was no longer winter, ********** didn’t appreciate the sound of the fans blowing that hot air into the room any more. I’ve always said that the first BTC I mined was at $1, but looking back at it now, that’s not true – It was around $2. Here’s a link to BTC price history.
In the summer of 2013 I got a new PC and moved my programs and files over before scrapping the old one. I hadn’t touched my BTC mining folder for a year then, and I didn’t even think about salvaging those wallet files. They are now gone forever, including the 9-10BTC that were in them. While I can intellectually justify the loss, it was sloppy and underlines a key thing about cryptocurrency that I believe will limit its widespread adoption by the general public until it is addressed and solved: In cryptoland, you are your own bank, and if you lose your password or account number, there is no person or organization that can help you reset it so that you can get access back. Your money is gone forever.
On April 12, 2014 I bought my first BTC through Coinbase. BTC had spiked to $1000 and been in the news, at least in Japan. This made me remember my old wallet and freak out for a couple of months trying to find it and reclaim the coins. I then FOMO’d (Fear Of Missing Out”) and bought $100 worth of BTC. I was actually very lucky in my timing and bought at around $430. Even so, except for a brief 50% swing up almost immediately afterwards that made me check prices 5 times a day, BTC fell below my purchase price by the end of September and I didn’t get back to even until the end of 2015.
In May 2015 I bought my first ETH at around $1. I sent some guy on bitcointalk ~$100 worth of BTC and he sent me 100 ETH – all on trust because the amounts were small and this was a small group of people. BTC was down in the $250 range at that point, so I had lost 30-40% of my initial investment. This was of the $100 invested, so not that much in real terms, but huge in percentages. It also meant that I had to buy another $100 of BTC on Coinbase to send to this guy. A few months after I purchased my ETH, BTC had doubled and ETH had gone down to $0.50, halving the value of my ETH holdings. I was even on the first BTC purchase finally, but was now down 50% on the ETH I had bought.
The good news was that this made me start to look at things more seriously. Where I had skimmed white papers and gotten a superficial understanding of the technology before FOMO’ing, I started to act as an investor, not a speculator. Let me define how I see those two different types of activity:
So what has been my experience as an investor? After sitting out the rest of 2015 because I needed to understand the market better, I bought into ETH quite heavily, with my initial big purchases being in March-April of 2016. Those purchases were in the $11-$14 range. ETH, of course, dropped immediately to under $10, then came back and bounced around my purchase range for a while until December of 2016, when I purchased a lot more at around $8.
I also purchased my first ICO in August of 2016, HEAT. I bought 25ETH worth. Those tokens are now worth about half of their ICO price, so about 12.5ETH or $12500 instead of the $25000 they would be worth if I had just kept ETH. There are some other things with HEAT that mean I’ve done quite a bit better than those numbers would suggest, but the fact is that the single best thing I could have done is to hold ETH and not spend the effort/time/cost of working with HEAT. That holds true for about every top-25 token on the market when compared to ETH. It certainly holds true for the many, many tokens I tried to trade in Q1-Q2 of 2017. In almost every single case I would have done better and slept better had I just held ETH instead of trying to be smarter than Mr. Market.
But, I made money on all of them except one because the crypto market went up more in USD terms than any individual coin went down in ETH or BTC terms. This underlines something that I read somewhere and that I take to heart: A rising market makes everyone seem like a genius. A monkey throwing darts at a list of the top 100 cryptocurrencies last year would have doubled his money. Here’s a chart from September that shows 2017 year-to-date returns for the top 10 cryptocurrencies, and all of them went up a *lot* more between then and December. A monkey throwing darts at this list there would have quintupled his money.
When evaluating performance, then, you have to beat the monkey, and preferably you should try to beat a Wall Street monkey. I couldn’t, so I stopped trying around July 2017. My benchmark was the BLX, a DAA (Digital Asset Array – think fund like a Fidelity fund) created by ICONOMI. I wasn’t even close to beating the BLX returns, so I did several things.
  1. I went from holding about 25 different tokens to holding 10 now. More on that in a bit.
  2. I used those funds to buy ETH and BLX. ETH has done crazy-good since then and BLX has beaten BTC handily, although it hasn’t done as well as ETH.
  3. I used some of those funds to set up an arbitrage operation.
The arbitrage operation is why I kept the 11 tokens that I have now. All but a couple are used in an ETH/token pair for arbitrage, and each one of them except for one special case is part of BLX. Why did I do that? I did that because ICONOMI did a better job of picking long-term holds than I did, and in arbitrage the only speculative thing you must do is pick the pairs to trade. My pairs are (No particular order):
I also hold PLU, PLBT, and ART. These two are multi-year holds for me. I have not purchased BTC once since my initial $200, except for a few cases where BTC was the only way to go to/from an altcoin that didn’t trade against ETH yet. Right now I hold about the same 0.3BTC that I held after my first $100 purchase, so I don’t really count it.
Looking forward to this year, I am positioning myself as follows:
Looking at my notes, I have two other things that I wanted to work into this email that I didn’t get to, so here they are:
  1. Just like with free apps and other software, if you are getting something of value and you didn’t pay anything for it, you need to ask why this is. With apps, the phrase is “If you didn’t pay for the product, you are the product”, and this works for things such as pump groups, tips, and even technical analysis. Here’s how I see it.
    1. People don’t give tips on stocks or crypto that they don’t already own that stock or token. Why would they, since if they convince anyone to buy it, the price only goes up as a result, making it more expensive for them to buy in? Sure, you will have friends and family that may do this, but people in a crypto club, your local cryptocurrency meetup, or online are generally not your friends. They are there to make money, and if they can get you to help them make money, they will do it. Pump groups are the worst of these, and no matter how enticing it may look, stay as far away as possible from these scams. I even go so far as to report them when I see them advertise on FB or Twitter, because they are violating the terms of use.
    2. Technical analysis (TA) is something that has been argued about for longer than I’ve been alive, but I think that it falls into the same boat. In short, TA argues that there are patterns in trading that can be read and acted upon to signal when one must buy or sell. It has been used forever in the stock and foreign exchange markets, and people use it in crypto as well. Let’s break down these assumptions a bit.
i. First, if crypto were like the stock or forex markets we’d all be happy with 5-7% gains per year rather than easily seeing that in a day. For TA to work the same way in crypto as it does in stocks and foreign exchange, the signals would have to be *much* stronger and faster-reacting than they work in the traditional market, but people use them in exactly the same way.
ii. Another area where crypto is very different than the stock and forex markets centers around market efficiency theory. This theory says that markets are efficient and that the price reflects all the available information at any given time. This is why gold in New York is similar in price to gold in London or Shanghai, and why arbitrage margins are easily <0.1% in those markets compared to cryptoland where I can easily get 10x that. Crypto simply has too much speculation and not enough professional traders in it yet to operate as an efficient market. That fundamentally changes the way that the market behaves and should make any TA patterns from traditional markets irrelevant in crypto.
iii. There are services, both free and paid that claim to put out signals based on TA for when one should buy and sell. If you think for even a second that they are not front-running (Placing orders ahead of yours to profit.) you and the other people using the service, you’re naïve.
iv. Likewise, if you don’t think that there are people that have but together computerized systems to get ahead of people doing manual TA, you’re naïve. The guys that I have programming my arbitrage bots have offered to build me a TA bot and set up a service to sell signals once our position is taken. I said no, but I am sure that they will do it themselves or sell that to someone else. Basically they look at TA as a tip machine where when a certain pattern is seen, people act on that “tip”. They use software to see that “tip” faster and take a position on it so that when slower participants come in they either have to sell lower or buy higher than the TA bot did. Remember, if you are getting a tip for free, you’re the product. In TA I see a system when people are all acting on free preset “tips” and getting played by the more sophisticated market participants. Again, you have to beat that Wall Street monkey.
  1. If you still don’t agree that TA is bogus, think about it this way: If TA was real, Wall Street would have figured it out decades ago and we would have TA funds that would be beating the market. We don’t.
  2. If you still don’t agree that TA is bogus and that its real and well, proven, then you must think that all smart traders use them. Now follow that logic forward and think about what would happen if every smart trader pushing big money followed TA. The signals would only last for a split second and would then be overwhelmed by people acting on them, making them impossible to leverage. This is essentially what the efficient market theory postulates for all information, including TA.
OK, the one last item. Read this weekly newsletter – You can sign up at the bottom. It is free, so they’re selling something, right? 😉 From what I can tell, though, Evan is a straight-up guy who posts links and almost zero editorial comments.
Happy 2018.
submitted by uetani to CryptoCurrency [link] [comments]

The Great Bitcoin Bull Market Of 2017 by Trace Mayer

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

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

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

Subreddits represented on r/place

List of subreddits found on the huge canvas. Those with text are easiest to recognize, so this list is incomplete. If your subreddit is missing, please write it in a comment, preferably with the coordinates of the artwork.
Edit:Place has ended, and someone made a much better way to explore the art. Check this out instead.
Edit: Here is an approximate map of the covered areas: https://i.stack.imgur.com/CSy6Q.png Edit2: Slightly more updated map: https://i.stack.imgur.com/uwMPT.png Edit3: Map: https://i.stack.imgur.com/48nx2.png Edit4: Map: https://i.stack.imgur.com/6Xh0R.png Edit5: Map no longer updated, but the list is.
submitted by _hoh_ to place [link] [comments]

BlockArray - A big money saving solution to a massive industry, with a simple reason for me and you to hold the token (ARY)

On their website, ( https://blockarray.com/ ) there is a video showing in just over a minute what the company is trying to achieve, you can watch it now or after reading this, but I would if you're looking for a quick tl;dr
thank you to those on /RFIDBlockchain who messaged me about this, it flew completely under my radar.
ELD Mandate A: law enacted in the United States requiring Truck Drivers to have an Electronic Logging Device to replace paper-logs by December 2019
BlockArray plans to be that replacement for paper-logs. The existing handheld machines are apparently somewhat costly to both obtain and maintain over time. BlockArray is creating an app that would be linked to the blockchain (for now the Ethereum network) and allow for truckers to use their phones as logs. Each system, to access the network, needs just 1 ARY ("ARY Token’s are required to access and anchor data to the bitcoin and ethereum blockchain. At least 1 ARY is required. Once you have the necessary amount, you will not need to buy more). The example on their website is "1 ARY for 1 Truck". There's a shit ton of trucks out there, even just in the US alone.
The most basic incentive to buy this token right now, is that shipping companies will pay more for it later to be able use the network and services, which will include a p2p market for unused shipping capacity - "Virtualized marketplace for "grey pools", trailers that are in a localized area that have empty space on their truck can be accessed through a peer-to-peer system".
The following are 2 different bits copied from separate parts of the website, my parts will have [brackets].
Truck Driver Scans the Bill of Lading Barcode
Truck Driver validates the information is correct
When the driver leaves the shippers area, a geo-fence trigger [magic invisible fence] activates and submits the data to our network
The driver now has a record of how long they were there, and the associated meta data from their ELD device to double-validate the process.
The record is immutable, public, and trust-less. Blockchain fits perfectly into the needs of dispute resolution for shippers and truckers [see below]
Detention Payouts: When a truck driver arrives at the time they are suppose to, but the cargo is not ready to be loaded, they are entitled to a detention payout [but they rarely get any]. Detention was ranked as one of the five leading business problems by 84 percent of the 257 carriers surveyed, including trucking companies and owner-operators. [BlockArray's network will make it easier for drivers to prove they were waiting a certain amount of time for late cargo. This creates an incentive for the drivers to want their companies to adopt BlockArray's services.]
And truckers are only one application. It doesn't have to end there, but appears to for the short future. A look at their roadmap (linked below) will show you they are NOT stopping here.
I mentioned an app above. The company actually has 2 apps planned, one for consumers, one for business.
"User activity tracking through a mobile device, such as a warehouse employee fulfilling orders and scanning a barcode for a specific order will be visually tracked through Emerge, our web application. The Smart Contract pushes out to the user and the user is granted permission to complete it and pass it on to the next person (this is done automatically be user permissions already)." - whitepaper
They plan to create Dual-Layer QR Codes: "Dual-Layer QR codes provide an additional layer of security in that nonblockchain supply operations can use this technology as part of a subscription model to protect their brand in the meantime. There is additional benefits also in the Dual-Layer QR code system that will be discussed later."
TEAM
Co-Founder, Sam Bocha: B.S. Economics/Masters in Business Administration Sam has worked at Amazon and AT&T over the last 6 years learning the business of supply chain management from an IT perspective.
Co-Founder, Micah Osborne: With over 15 years of software development experience, Micah knows how to design and execute complicated systems and the infrastructure required to support them. His last startup was Invert Game Studios where he created uFRAME, an MVVM-Design Framework for the Unity 3D Game Engine, the most popular game engine for mobile phones. uFrame was a finalist in the 2014 Unity Awards. uFrame was donated as an open-source project in 2015.
Systems Admin/DevOps, Yuri Senyut: Yuri has worked on a variety of closed-source applications for distributed computing for large corporations. Most recently working with SS&C portfolio management solution that can support multiple asset classes, multi-currency portfolios and complex, global fund structures.
Freelancer, Joe R.: Mobile Developer Joe has been active in the cryptocurrency community since 2011. He has been a freelance and contract developer since 2012, working on a variety of mobile application projects across the world. Full Stack MEAN/MERN Python MySQL/PostgreSQL AWS Azure Magento Swift Xcode. Joe has been contracted for parts of the application that do not need specialized development
Links
/blockarraygroup
Website
Team
How it works
Github, with Overview and Whitepaper
CMC: https://coinmarketcap.com/currencies/block-array/
Price: $0.30 USD
Market Cap: $20,617,223 USD - Yeah, Only $20.6 Million!
Volume (24h): $251,461 USD 10% daily volume = ~10% of Market cap
Circulating Supply: 68,430,738 ARY
Total Supply: 88,409,933 ARY
Buy from Etherdelta or IDEX. Cheaper on ED typically, as people don't like using it. A very similar project in price and market cap right now is Devery (EVE) My recent post on EVE
This is something that I myself am not going to throw something crazy like 15 or 20% of my portfolio in, even though i'm certain it could easily 5x or 10x as the market cap is only 20 million dollars, but it's a more long term hold (long term being like a year), so i'm storing away about 5-7.5% of my portfolio into it, and hoping to see it become one of my largest holdings. Supply Chain disrupting companies, such as VEN, MOD, WaBi, EVE, TRAC, AMB, WTC, and ARY are going to be huge this year, I'm glad to say I hold bits of each one, VEN and MOD most of all. They all take up nearly 70% of my portfolio.
Good luck to all :)
submitted by Haramburglar to CryptoCurrency [link] [comments]

Eligma gets €4m investment from Bitcoin.com and Pangea Blockchain Fund

Slovenian blockchain and AI company Eligma has revealed it received a €4 million investment from Swiss investment firm Pangea Blockchain Fund and Bitcoin.com.
The company says it’s already officially launched in 430 areas
One-year-old Eligma, who developed Elipay for traditional vendors to receive crypto payments, hopes to make cryptocurrencies part of daily life and shopping.
Currently Elipay serves 20,000 users on the Elipay app, and four million users on the Bitcoin.com Wallet.
“This is an important recognition for our vision and a strong incentive to work even harder to become global facilitators of seamless and secure crypto payments,” says a spokesperson for Eligma.
The crypto company now wants to span its reach further afield, beyond its current markets in Slovenia and Croatia. The company says it’s already officially launched in 430 areas of these countries, including shops, hotels, restaurants and sports offices.
Eligma’s CEO Dejan Roljic says: “We’re here for the people. We are changing finance and payments so everyone can win. We strongly believe in building solutions where cryptocurrencies meet cash. Where merchants can set prices in their local currency as they always have, while enabling direct crypto payments to their customers and getting paid in their preferred currency. Everyone gets the best of both worlds.”
In February 2019, the crypto firm secured $22 million out of a seed round from investors such as Switzerland-based Copernicus Asset Management and Bitcoin.com’s executive chairman, Roger Ver.
* More Details Here
submitted by sa007sammy to BankingInfo [link] [comments]

Ripple (XRP) Analysis (quite thorough)

NOTE: I did not write this article below. I simply copy and pasted the article. Please click the following link to view the entire article. The article includes charts and images which were not transferred to the text below.
https://steemit.com/cryptocurrency/@lennartbedrage/the-ripple-xrp-effect-fundamental-analysis
The Ripple(XRP) Effect - Fundamental Analysis: lennartbedrage44 in cryptocurrency ripple.jpg
Lately, there’s been a tremendous amount of buzz around Ripple(XRP), but is it only because of the massive growth we’ve seen in the past few 30 days, or is there something more?
In this article, I’ll dive into a brief back ground of Ripple, objectively examine the arguments for and against it, explore its potential from a economic standpoint, then close with potential threats to your investment and a summary.
Meet Ripple(XRP)-
Released in 2012, Ripple aims to enable “secure, instant and nearly free global financial transactions of any size with no chargebacks” through their real-time gross settlement system (RTGS) and currency exchange and remittance network. Ripples distributed open-source internet protocol consensus ledger was created as basic technology for interbank and regulated financial institutions to integrate Ripple into their own systems. This differs from the Bitcoin full node and other crowdsourced altcoin consensus networks in several ways:
Ripples common shared ledger is a network of independent validating servers which compare their transaction records, rather than the full network of nodes coming to consensus prior to each transaction, enabling faster transaction speeds. Although their protocol is open source, it was not created as a plug & play solution, like bitcoins full-node software, nor does it rely on crowd-sourced support. Unlike Bitcoin, Litecoin, Ethereum, and other Alt-coins, Ripple is recognized as legal tender by several governments, which gives it instant liquidity via financial institution, as well as purchasing power over material goods. Because of this, it cannot be evaluated in the same ways as other coins, which are largely evaluated based on assumptions & speculation. In terms of value, it’s more like cash than a commodity. Because of this, it is evaluated in a much different way than Ethereum(ETH) and other alt-coins with intrinsic value, but is accepted much more rapidly because it’s easy for the mass-market to understand. Remember: without market acceptance, there is not value, regardless of how innovative something may be.
Just 4 short years after its release, on 01MAY17, Ripple announced that a consortium of 47 banks have successfully completed a pilot implementation of Ripple in Japan, making it the first country in the world to enable domestic and international real time money transfers via the cryptocurrency. This event lead the XRP value to sky-rocket from $0.051580 USD to an all-time high of $0.430085 in just 16 days… but why? Is it 100% speculation, or is there something else going on here?
“It’s not a real cryptocurrency!” Or is it? Well, those whom bring this argument to the table are probably referencing facts that I’ve mention during my introduction to Ripple: Its a centralized and regulated crypto-currency which does not need global consensus for transfers, and it is built specifically for (and potentially by) financial institutions. Though a lot of the Anarcho-Capitalists may want to steer clear of this one due to its highly regulated nature, regular capitalist may believe these core differences to be its greatest strengths:
Regulated - As I mentioned in my analysis on Ethereum(ETH), Bitcoin’s lack of regulation was likely he reason (or at least, that’s what they told us) that the proposed ETF failed to pass the SEC’s evaluation several months ago. If adhering to some sort of trusted regulatory standards, this could drive federal confidence, which in turn drive bank and lending institution faith…trickling all the way down to the consumers. This insures rapid mass market acceptance. Consensus - As mentioned before this is much different process than Bitcoin’s global consensus, which means that transaction times are nearly instant regardless of volume transferred. Additionally, all transfers adhere to distributive ledgers DLT standards, which is a requirement for many financial institutions to be insurable. Institutional Management - You’ve probably guessed this one already. Although the demand and speculative value is driven at some capacity by ‘the people’, this currency is about as close to the World bank and SWIFT as you can get. This is largely due to the amount Deliberate - It feels like a big bank, because it is. Ripple was built specifically for the financial markets, which is why they specifically targeted regulatory compliance. shutterstock_289877267_long_read_cover_large.jpg
Economic Value As mentioned in the last point, Its easy to see that Ripple offers tremendous value to financial-institutions and retail investors. These two groups make up 358 billion (numbers from 2013) non-cash cross-country annual transactions, and the FOREX market which sees more than $5.1 trillion $USD each day. Per a report released by Capgemini and The Royal Bank of Scotland, this is growing at an average rate of about 7.5% each year globally, though China and other Emerging Asian economies have been leading the charge at around 21%.
Seems like a lot, right? Well, for sake of uncovering the immediate value of XRP, we will zoom into the recent adopters of the distributed ledger technology: Japan, India, and the Central Europe, Middle East & Africa(CEMEA) regions.
Japan.jpg
Japan is the third largest economy in the world by nominal GDP ($6.11 trillion), fourth by purchasing power parity(PPP) and second largest developed economy. Currently, their GDP per capita is roughly $48,412 (vs $56,430 in US) and their major trade partners include the US, China, Hong Kong, Australia and South Korea.
Japan GDP.png
Aside from the speculation that they maybe soon pressure their trade partners (excluding the US and China) to adopt a system which allows for instant, near free transfers of funds, here’s where it gets interesting for the immediate future: Japan has already started accepting Ripple(XRP) as legal tender. If Ripple raises to just 25% of the overall transaction volume of P2P, P2B & B2B within Japan itself (represented in the chart by Other Services, Real Estate, Retail, Transport, Communications, Finance & Utilities) which is equal to about 20% of their overall economy, Ripple would be handling roughly $1.27 trillion USD in Japan – alone - every year. To put that in perspective, the current (at the time of writing) market capitalization of Bitcoin(BTC) is $30.7 billion USD (or >0.4%). Unlike Bitcoin, Ripple is legal tender which means that it can be exchanged for material goods and services, which means that it’s likely to have explosive acceptance in the local area.
India.jpg
India-based Axis Bank announced in April that they will soon begin leveraging distributed ledger tech for cross-border transactions and to make banking simple and convenient for their customers. About 15 days’ prior, another large financial institution, Yes Bank, also announced that they would be adopting Ripples ledger for the same reasons. If Ripple continues to grow in acceptance at this rate in India, we could see another economy, roughly 1/3 the size of Japan’s ($2.074 trillion USD) add to Ripples annual transaction value. Now, from an economic stand point, this is most interesting because agriculture represents more than 50% of India’s employment, which means that India would be the 2nd case of consumer trading Ripple for staple foods.
India GDP.png
It is likely that Ripple will not handle as large of a percentage of overall transaction volumes in India because only two major banks have adopted this currency and it is not the only Crypto. The latter is probably one of the most important variables, as this means that Ripple will be duking it out for market dominancy. As all of my projections are fairly conservative, I would estimate that Ripple will handle roughly 10% of India’s over all transaction volume in the next 365 days, equal to roughly $311.1 billion USD.
One last thing that I would like to mention is that India is literally the ‘I’ in BRIC and roughly 13% of the BRIC countries total output. If the BRIC comes to fruition, India may be able to convince it’s other close trade partners to jump on the XRP-Train as well.
Dubai.jpg
Abu Dhabi Bank, the National and largest bank of the UAE, has already begun offering cross-border transaction services with Ripples distributive ledger technology as well. As they deal extensively with their middle eastern neighbors, such as Saudi Arabia, and Qatar, the UAE is likely to set a trend for other CEMEA countries to follow.
UAE GDP.png
This might be a surprise to some people, but Dubai’s largest industry is the energy sector (shocker!) followed closely by Real Estate and their Finance industry (double shocker!). Although their GPD is much smaller than Japan and India’s (about $370 billion USD), I am anticipating Ripple to handle a larger percent of the UAE’s transaction volume (31.11%), especially in the finance, Real Estate, Retail and Logistics industries. This is due largely to the fact that their population is only roughly 9.157 million, but most Abu Dhabi nationals are very financially inclined (or at least heavy spenders).
Potential Threats As this threatens SWIFT (unless they are completely on board) and the US dollars’ supremacy in the economic & financial markets, I would not be surprised to see a false flag attack, in which the NSA attacks Ripple and blames it on North Korea or China. Frankly, this would be a cake walk compared to Stuxnet or WannaCry and they could probably hand the task to an MIT intern. Where semi-centralization is Ripples strength in terms of transaction speed and regulation, it is also the biggest security flaw and may open it’s user to some heart ache, hair loss and heavy drinking over the next several years.
Possibility So, what is possible in terms of value over the next few years? Well, if we consider the following scenario:
XRP accounts for roughly 20% of Japan, India full GDP, but 31.1% UAE’s GDP ($7.152 Trillion USD) total exchange volume in the next 2 years Max XRP Supply stays at 100 billion No other countries adopt XRP (not likely) No hacks or other catastrophic events remove confidence Exclude speculation, demand, rallies, and GDP growth projections for each country Then we’re looking at each Ripple(XRP) market capitalization over ~$1.75 Trillion USD, making each coin $17.52 in real value. This means that if you were to invest today at $0.362794, your ROI would be about 4,989%. That said, I think that it’s likely it will go over $30 in the next 2 years, due to speculators flooding the markets and other countries signing up. Again, these are conservative numbers are based on total transaction value in USD equivalent.
For those whom subscribe, I will update as new variables are available to my appraisal
Bottom Line Although it was most definitely created by an insider of the banking industry and does not ‘feel like a crypto’, I personally feel that due to its rapid market acceptance, liquidity and position as legal tender in 3 large economies, Ripple(XRP) is both primed for explosive growth in the near future and likely to be one of the safest value based Crypto-investments we can make today.
Another thing, China is the anchor of the West Pacific, so we should all watch their evaluation of Ripple, very closely. If they were to jump on the XRP-Train, you are likely to see Australia, South Korea, Indonesia and Singapore do the same.
If you enjoyed this article, be sure to share & subscribe, as I have kept my proprietary models and will update as major events and additional countries begin to adopt this currency. If you feel that I have missed something or am just flat out wrong, please be sure to let me know in the comments below!
Planned articles for the next 14 days:
ICO advice from a Venture Capitalist (Follower Request) Paper Wallets (Follower Request) VIVA Analysis (Follower Request) Segregated Witness(Segwit) : Friend or Foe? A Kraken ate my gains... Fundamental Analysis: Stellar Lumens(XLM) Dual-Citizenship and Banking in Panama Rich vs. Wealthy All analysis, numbers and projections are my own. Core information was gathered from reliable sources, such as the World Bank, IMF, CIA world fact book, eia.gov and more.
submitted by ripcurldog to Ripple [link] [comments]

Compact Multi-Signatures for Smaller Blockchains

Cryptology ePrint Archive: Report 2018/483
Date: 2018-06-10
Author(s): Dan Boneh, Manu Drijvers, Gregory Neven

Link to Paper


Abstract
We construct new multi-signature schemes that provide new functionality. Our schemes are designed to reduce the size of the Bitcoin blockchain, but are useful in many other settings where multi-signatures are needed. All our constructions support both signature compression and public-key aggregation. Hence, to verify that a number of parties signed a common message m, the verifier only needs a short multi-signature, a short aggregation of their public keys, and the message m. We give new constructions that are derived from Schnorr signatures and from BLS signatures. Our constructions are in the plain public key model, meaning that users do not need to prove knowledge or possession of their secret key.
In addition, we construct the first short accountable-subgroup multi-signature (ASM) scheme. An ASM scheme enables any subset S of a set of n parties to sign a message m so that a valid signature discloses which subset generated the signature (hence the subset S is accountable for signing m). We construct the first ASM scheme where signature size is only O(k) bits over the description of S, where k is the security parameter. Similarly, the aggregate public key is only O(k) bits, independent of n. The signing process is non-interactive. Our ASM scheme is very practical and well suited for compressing the data needed to spend funds from a t-of-n Multisig Bitcoin address, for any (polynomial size) t and n.

References
  1. Ahn, J.H., Green, M., Hohenberger, S.: Synchronized aggregate signatures: new definitions, constructions and applications. In: Al-Shaer, E., Keromytis, A.D., Shmatikov, V. (eds.) ACM CCS 10: 17th Conference on Computer and Communications Security. pp. 473–484. ACM Press, Chicago, Illinois, USA (Oct 4–8, 2010)
  2. Andresen, G.: m-of-n standard transactions. Bitcoin improvement proposal (BIP) 0011 (2011)
  3. Bagherzandi, A., Cheon, J.H., Jarecki, S.: Multisignatures secure under the discrete logarithm assumption and a generalized forking lemma. In: Ning, P., Syverson, P.F., Jha, S. (eds.) ACM CCS 08: 15th Conference on Computer and Communications Security. pp. 449–458. ACM Press, Alexandria, Virginia, USA (Oct 27–31, 2008)
  4. Bagherzandi, A., Jarecki, S.: Multisignatures using proofs of secret key possession, as secure as the Diffie-Hellman problem. In: Ostrovsky, R., Prisco, R.D., Visconti, I. (eds.) SCN 08: 6th International Conference on Security in Communication Networks. Lecture Notes in Computer Science, vol. 5229, pp. 218–235. Springer, Heidelberg, Germany, Amalfi, Italy (Sep 10–12, 2008)
  5. Bansarkhani, R.E., Sturm, J.: An efficient lattice-based multisignature scheme with applications to bitcoins. In: Foresti, S., Persiano, G. (eds.) CANS 16: 15th International Conference on Cryptology and Network Security. Lecture Notes in Computer Science, vol. 10052, pp. 140–155. Springer, Heidelberg, Germany, Milan, Italy (Nov 14–16, 2016)
  6. Barreto, P.S.L.M., Lynn, B., Scott, M.: On the selection of pairing-friendly groups. In: Matsui, M., Zuccherato, R.J. (eds.) SAC 2003: 10th Annual International Workshop on Selected Areas in Cryptography. Lecture Notes in Computer Science, vol. 3006, pp. 17–25. Springer, Heidelberg, Germany, Ottawa, Ontario, Canada (Aug 14–15, 2004)
  7. Bellare, M., Namprempre, C., Neven, G.: Unrestricted aggregate signatures. In: Arge, L., Cachin, C., Jurdzinski, T., Tarlecki, A. (eds.) ICALP 2007: 34th International Colloquium on Automata, Languages and Programming. Lecture Notes in Computer Science, vol. 4596, pp. 411–422. Springer, Heidelberg, Germany, Wroclaw, Poland (Jul 9–13, 2007)
  8. Bellare, M., Namprempre, C., Pointcheval, D., Semanko, M.: The one-more-RSAinversion problems and the security of Chaum’s blind signature scheme. Journal of Cryptology 16(3), 185–215 (Jun 2003)
  9. Bellare, M., Neven, G.: Multi-signatures in the plain public-key model and a general forking lemma. In: Juels, A., Wright, R.N., Vimercati, S. (eds.) ACM CCS 06: 13th Conference on Computer and Communications Security. pp. 390–399. ACM Press, Alexandria, Virginia, USA (Oct 30 – Nov 3, 2006)
  10. Boldyreva, A.: Threshold signatures, multisignatures and blind signatures based on the gap-Diffie-Hellman-group signature scheme. In: Desmedt, Y. (ed.) PKC 2003: 6th International Workshop on Theory and Practice in Public Key Cryptography. Lecture Notes in Computer Science, vol. 2567, pp. 31–46. Springer, Heidelberg, Germany, Miami, FL, USA (Jan 6–8, 2003)
  11. Boldyreva, A., Gentry, C., O’Neill, A., Yum, D.H.: Ordered multisignatures and identity-based sequential aggregate signatures, with applications to secure routing. In: Ning, P., di Vimercati, S.D.C., Syverson, P.F. (eds.) ACM CCS 07: 14th Conference on Computer and Communications Security. pp. 276–285. ACM Press, Alexandria, Virginia, USA (Oct 28–31, 2007)
  12. Boneh, D., Gentry, C., Lynn, B., Shacham, H.: Aggregate and verifiably encrypted signatures from bilinear maps. In: Biham, E. (ed.) Advances in Cryptology – EUROCRYPT 2003. Lecture Notes in Computer Science, vol. 2656, pp. 416–432. Springer, Heidelberg, Germany, Warsaw, Poland (May 4–8, 2003)
  13. Boneh, D., Lynn, B., Shacham, H.: Short signatures from the Weil pairing. In: Boyd, C. (ed.) Advances in Cryptology – ASIACRYPT 2001. Lecture Notes in Computer Science, vol. 2248, pp. 514–532. Springer, Heidelberg, Germany, Gold Coast, Australia (Dec 9–13, 2001)
  14. Brogle, K., Goldberg, S., Reyzin, L.: Sequential aggregate signatures with lazy verification from trapdoor permutations - (extended abstract). In: Wang, X., Sako, K. (eds.) Advances in Cryptology – ASIACRYPT 2012. Lecture Notes in Computer Science, vol. 7658, pp. 644–662. Springer, Heidelberg, Germany, Beijing, China (Dec 2–6, 2012)
  15. Budroni, A., Pintore, F.: Efficient hash maps to G2 on BLS curves. Cryptology ePrint Archive, Report 2017/419 (2017), http://eprint.iacr.org/2017/419
  16. Burmester, M., Desmedt, Y., Doi, H., Mambo, M., Okamoto, E., Tada, M., Yoshifuji, Y.: A structured ElGamal-type multisignature scheme. In: Imai, H., Zheng, Y. (eds.) PKC 2000: 3rd International Workshop on Theory and Practice in Public Key Cryptography. Lecture Notes in Computer Science, vol. 1751, pp. 466–483. Springer, Heidelberg, Germany, Melbourne, Victoria, Australia (Jan 18–20, 2000)
  17. Castelluccia, C., Jarecki, S., Kim, J., Tsudik, G.: A robust multisignatures scheme with applications to acknowledgment aggregation. In: Blundo, C., Cimato, S. (eds.) SCN 04: 4th International Conference on Security in Communication Networks. Lecture Notes in Computer Science, vol. 3352, pp. 193–207. Springer, Heidelberg, Germany, Amalfi, Italy (Sep 8–10, 2005)
  18. Certicom Research: Sec 2: Recommended elliptic curve domain parameters. Tech. rep., Certicom Research (2010)
  19. Chang, C.C., Leu, J.J., Huang, P.C., Lee, W.B.: A scheme for obtaining a message from the digital multisignature. In: Imai, H., Zheng, Y. (eds.) PKC’98: 1st International Workshop on Theory and Practice in Public Key Cryptography. Lecture Notes in Computer Science, vol. 1431, pp. 154–163. Springer, Heidelberg, Germany, Pacifico Yokohama, Japan (Feb 5–6, 1998)
  20. Coron, J.S., Naccache, D.: Boneh et al.’s k-element aggregate extraction assumption is equivalent to the Diffie-Hellman assumption. In: Laih, C.S. (ed.) Advances in Cryptology – ASIACRYPT 2003. Lecture Notes in Computer Science, vol. 2894, pp. 392–397. Springer, Heidelberg, Germany, Taipei, Taiwan (Nov 30 – Dec 4, 2003)
  21. Drijvers, M., EdalatNejad, K., Ford, B., Neven, G.: Okamoto beats Schnorr: On the provable security of multi-signatures. Cryptology ePrint Archive, Report 2018/417 (2018), https://eprint.iacr.org/2018/417
  22. Fuentes-Casta˜neda, L., Knapp, E., Rodr´ıguez-Henr´ıquez, F.: Faster hashing to ð2. In: Miri, A., Vaudenay, S. (eds.) SAC 2011: 18th Annual International Workshop on Selected Areas in Cryptography. Lecture Notes in Computer Science, vol. 7118, pp. 412–430. Springer, Heidelberg, Germany, Toronto, Ontario, Canada (Aug 11–12, 2012)
  23. Gentry, C., O’Neill, A., Reyzin, L.: A unified framework for trapdoor-permutationbased sequential aggregate signatures. In: Abdalla, M., Dahab, R. (eds.) PKC 2018: 21st International Conference on Theory and Practice of Public Key Cryptography, Part II. Lecture Notes in Computer Science, vol. 10770, pp. 34–57. Springer, Heidelberg, Germany, Rio de Janeiro, Brazil (Mar 25–29, 2018)
  24. Gentry, C., Ramzan, Z.: Identity-based aggregate signatures. In: Yung, M., Dodis, Y., Kiayias, A., Malkin, T. (eds.) PKC 2006: 9th International Conference on Theory and Practice of Public Key Cryptography. Lecture Notes in Computer Science, vol. 3958, pp. 257–273. Springer, Heidelberg, Germany, New York, NY, USA (Apr 24–26, 2006)
  25. Hardjono, T., Zheng, Y.: A practical digital multisignature scheme based on discrete logarithms. In: Seberry, J., Zheng, Y. (eds.) Advances in Cryptology – AUSCRYPT’92. Lecture Notes in Computer Science, vol. 718, pp. 122–132. Springer, Heidelberg, Germany, Gold Coast, Queensland, Australia (Dec 13–16, 1993)
  26. Harn, L.: Group-oriented (t, n) threshold digital signature scheme and digital multisignature. IEE Proceedings-Computers and Digital Techniques 141(5), 307–313 (1994)
  27. Horster, P., Michels, M., Petersen, H.: Meta-multisignature schemes based on the discrete logarithm problem. In: Information Securitythe Next Decade. pp. 128–142. Springer (1995)
  28. Itakura, K., Nakamura, K.: A public-key cryptosystem suitable for digital multisignatures. Tech. rep., NEC Research and Development (1983)
  29. Komano, Y., Ohta, K., Shimbo, A., Kawamura, S.: Formal security model of multisignatures. In: Katsikas, S.K., Lopez, J., Backes, M., Gritzalis, S., Preneel, B. (eds.) ISC 2006: 9th International Conference on Information Security. Lecture Notes in Computer Science, vol. 4176, pp. 146–160. Springer, Heidelberg, Germany, Samos Island, Greece (Aug 30 – Sep 2, 2006)
  30. Le, D.P., Bonnecaze, A., Gabillon, A.: Multisignatures as secure as the DiffieHellman problem in the plain public-key model. In: Shacham, H., Waters, B. (eds.) PAIRING 2009: 3rd International Conference on Pairing-based Cryptography. Lecture Notes in Computer Science, vol. 5671, pp. 35–51. Springer, Heidelberg, Germany, Palo Alto, CA, USA (Aug 12–14, 2009)
  31. Li, C.M., Hwang, T., Lee, N.Y.: Threshold-multisignature schemes where suspected forgery implies traceability of adversarial shareholders. In: Santis, A.D. (ed.) Advances in Cryptology – EUROCRYPT’94. Lecture Notes in Computer Science, vol. 950, pp. 194–204. Springer, Heidelberg, Germany, Perugia, Italy (May 9–12, 1995)
  32. Lu, S., Ostrovsky, R., Sahai, A., Shacham, H., Waters, B.: Sequential aggregate signatures and multisignatures without random oracles. In: Vaudenay, S. (ed.) Advances in Cryptology – EUROCRYPT 2006. Lecture Notes in Computer Science, vol. 4004, pp. 465–485. Springer, Heidelberg, Germany, St. Petersburg, Russia (May 28 – Jun 1, 2006)
  33. Lysyanskaya, A., Micali, S., Reyzin, L., Shacham, H.: Sequential aggregate signatures from trapdoor permutations. In: Cachin, C., Camenisch, J. (eds.) Advances in Cryptology – EUROCRYPT 2004. Lecture Notes in Computer Science, vol. 3027, pp. 74–90. Springer, Heidelberg, Germany, Interlaken, Switzerland (May 2–6, 2004)
  34. Ma, C., Weng, J., Li, Y., Deng, R.: Efficient discrete logarithm based multisignature scheme in the plain public key model. Designs, Codes and Cryptography 54(2), 121–133 (2010)
  35. Maxwell, G., Poelstra, A., Seurin, Y., Wuille, P.: Simple schnorr multi-signatures with applications to bitcoin. Cryptology ePrint Archive, Report 2018/068 (2018), https://eprint.iacr.org/2018/068/20180118:124757
  36. Maxwell, G., Poelstra, A., Seurin, Y., Wuille, P.: Simple schnorr multi-signatures with applications to bitcoin. Cryptology ePrint Archive, Report 2018/068 (2018), https://eprint.iacr.org/2018/068/20180520:191909
  37. Merkle, R.C.: A digital signature based on a conventional encryption function. In: Pomerance, C. (ed.) Advances in Cryptology – CRYPTO’87. Lecture Notes in Computer Science, vol. 293, pp. 369–378. Springer, Heidelberg, Germany, Santa Barbara, CA, USA (Aug 16–20, 1988)
  38. Micali, S., Ohta, K., Reyzin, L.: Accountable-subgroup multisignatures: Extended abstract. In: ACM CCS 01: 8th Conference on Computer and Communications Security. pp. 245–254. ACM Press, Philadelphia, PA, USA (Nov 5–8, 2001)
  39. Michels, M., Horster, P.: On the risk of disruption in several multiparty signature schemes. In: International Conference on the Theory and Application of Cryptology and Information Security. pp. 334–345. Springer (1996)
  40. Nakamoto, S.: Bitcoin: A peer-to-peer electronic cash system (2008), http://bitcoin.org/bitcoin.pdf
  41. Neven, G.: Efficient sequential aggregate signed data. In: Smart, N.P. (ed.) Advances in Cryptology – EUROCRYPT 2008. Lecture Notes in Computer Science, vol. 4965, pp. 52–69. Springer, Heidelberg, Germany, Istanbul, Turkey (Apr 13–17, 2008)
  42. Ohta, K., Okamoto, T.: A digital multisignature scheme based on the Fiat-Shamir scheme. In: Imai, H., Rivest, R.L., Matsumoto, T. (eds.) Advances in Cryptology – ASIACRYPT’91. Lecture Notes in Computer Science, vol. 739, pp. 139–148. Springer, Heidelberg, Germany, Fujiyoshida, Japan (Nov 11–14, 1993)
  43. Ohta, K., Okamoto, T.: Multi-signature schemes secure against active insider attacks. IEICE Transactions on Fundamentals of Electronics, Communications and Computer Sciences 82(1), 21–31 (1999)
  44. Okamoto, T.: Provably secure and practical identification schemes and corresponding signature schemes. In: Brickell, E.F. (ed.) Advances in Cryptology – CRYPTO’92. Lecture Notes in Computer Science, vol. 740, pp. 31–53. Springer, Heidelberg, Germany, Santa Barbara, CA, USA (Aug 16–20, 1993)
  45. Park, S., Park, S., Kim, K., Won, D.: Two efficient RSA multisignature schemes. In: Han, Y., Okamoto, T., Qing, S. (eds.) ICICS 97: 1st International Conference on Information and Communication Security. Lecture Notes in Computer Science, vol. 1334, pp. 217–222. Springer, Heidelberg, Germany, Beijing, China (Nov 11–14, 1997)
  46. Pointcheval, D., Stern, J.: Security arguments for digital signatures and blind signatures. Journal of Cryptology 13(3), 361–396 (2000)
  47. Ristenpart, T., Yilek, S.: The power of proofs-of-possession: Securing multiparty signatures against rogue-key attacks. In: Naor, M. (ed.) Advances in Cryptology – EUROCRYPT 2007. Lecture Notes in Computer Science, vol. 4515, pp. 228–245. Springer, Heidelberg, Germany, Barcelona, Spain (May 20–24, 2007)
  48. Schnorr, C.P.: Efficient signature generation by smart cards. Journal of Cryptology 4(3), 161–174 (1991)
  49. Scott, M., Benger, N., Charlemagne, M., Perez, L.J.D., Kachisa, E.J.: Fast hashing to g2 on pairing-friendly curves. In: Shacham, H., Waters, B. (eds.) PAIRING 2009: 3rd International Conference on Pairing-based Cryptography. Lecture Notes in Computer Science, vol. 5671, pp. 102–113. Springer, Heidelberg, Germany, Palo Alto, CA, USA (Aug 12–14, 2009)
submitted by dj-gutz to myrXiv [link] [comments]

A Lesson on Press Releases

Dr. K's Crypto-Corner - A Lesson on Press Releases
Riot Blockchain (RIOT) came out with what looks an impressive press release:
• For the month of March 2018, Riot generated approximately 69 Bitcoins and 44 Bitcoin Cash • Approximately 3,500 Bitmain S9 miners deployed as of March 31, 2018 • Riot's mining expansion plans remain on track to have approximately 8,000 Bitmain S9 miners deployed by the end of May 2018 • When fully deployed, Riot expects its presently owned hashing power to be over 110 Petahash, which would rank the Company among the largest publicly listed cryptocurrency mining operations • Riot maintains ownership of approximately 12.9% of goNumerical Ltd (dba "Coinsquare") as of March 31, 2018. Coinsquare received a CAD $430 million valuation in its February 2018 financing • Approximately 13.5 million common shares outstanding
It is just about the only publicly traded company to focus entirely on cryptotechnology. But it seems focused in areas such as mining which are not low hanging fruit. Most of the inefficiencies have been bled out of mining. Plus it seems they are overpaying for much of their mining gear. Further, as far as getting involved with cryptocurrency exchanges, they are late to the party. Coinbase and other exchanges such as Binance have clear advantages.
One of their major investors, Barry Honig, who turned RIOT from a biotech into a blockchain company has a questionable track record in terms of getting involved with the wrong companies. And now it seems even he has sold most of his position in RIOT.
Riot Blockchain’s current portfolio: Coinsquare (12.9%) - normal cryptocurrency exchange TessPay(52%) - blockchain-based solutions for telecom companies Verady - accounting for blockchain-based assets Logical Brokerage (92.5%) - futures cryptocurrency exchange Kairos Global Tech and Bitmain - mining companies
None of these companies are particularly impressive. Until a proper publicly traded company becomes available with most of its assets focused on blockchain technology, it is generally better to avoid companies such as RIOT. One could also google to learn how to set up an account on one of the larger and safer cryptocurrency exchanges so one can buy specific blockchain-based companies that have shown impressive results and massive potential. But that is up to each investor in terms of how much time they are willing to commit to understanding the world of cryptocurrencies with all its huge risks and, up to now, even greater rewards.
submitted by HanseCoin to u/HanseCoin [link] [comments]

BlockArray - A big money saving solution to a massive industry, with a simple reason for me and you to hold the token (ARY)

On their website, ( https://blockarray.com/ ) there is a video showing in just over a minute what the company is trying to achieve, you can watch it now or after reading this, but I would if you're looking for a quick tl;dr
thank you to those on /RFIDBlockchain who messaged me about this, it flew completely under my radar.
ELD Mandate A: law enacted in the United States requiring Truck Drivers to have an Electronic Logging Device to replace paper-logs by December 2019
BlockArray plans to be that replacement for paper-logs. The existing handheld machines are apparently somewhat costly to both obtain and maintain over time. BlockArray is creating an app that would be linked to the blockchain (for now the Ethereum network) and allow for truckers to use their phones as logs. Each system, to access the network, needs just 1 ARY ("ARY Token’s are required to access and anchor data to the bitcoin and ethereum blockchain. At least 1 ARY is required. Once you have the necessary amount, you will not need to buy more). The example on their website is "1 ARY for 1 Truck". There's a shit ton of trucks out there, even just in the US alone.
The most basic incentive to buy this token right now, is that shipping companies will pay more for it later to be able use the network and services, which will include a p2p market for unused shipping capacity - "Virtualized marketplace for "grey pools", trailers that are in a localized area that have empty space on their truck can be accessed through a peer-to-peer system".
The following are 2 different bits copied from separate parts of the website, my parts will have [brackets].
Truck Driver Scans the Bill of Lading Barcode
Truck Driver validates the information is correct
When the driver leaves the shippers area, a geo-fence trigger [magic invisible fence] activates and submits the data to our network
The driver now has a record of how long they were there, and the associated meta data from their ELD device to double-validate the process.
The record is immutable, public, and trust-less. Blockchain fits perfectly into the needs of dispute resolution for shippers and truckers [see below]
Detention Payouts: When a truck driver arrives at the time they are suppose to, but the cargo is not ready to be loaded, they are entitled to a detention payout [but they rarely get any]. Detention was ranked as one of the five leading business problems by 84 percent of the 257 carriers surveyed, including trucking companies and owner-operators. [BlockArray's network will make it easier for drivers to prove they were waiting a certain amount of time for late cargo. This creates an incentive for the drivers to want their companies to adopt BlockArray's services.]
And truckers are only one application. It doesn't have to end there, but appears to for the short future. A look at their roadmap (linked below) will show you they are NOT stopping here.
I mentioned an app above. The company actually has 2 apps planned, one for consumers, one for business.
"User activity tracking through a mobile device, such as a warehouse employee fulfilling orders and scanning a barcode for a specific order will be visually tracked through Emerge, our web application. The Smart Contract pushes out to the user and the user is granted permission to complete it and pass it on to the next person (this is done automatically be user permissions already)." - whitepaper
They plan to create Dual-Layer QR Codes: "Dual-Layer QR codes provide an additional layer of security in that nonblockchain supply operations can use this technology as part of a subscription model to protect their brand in the meantime. There is additional benefits also in the Dual-Layer QR code system that will be discussed later."
TEAM
Co-Founder, Sam Bocha: B.S. Economics/Masters in Business Administration Sam has worked at Amazon and AT&T over the last 6 years learning the business of supply chain management from an IT perspective.
Co-Founder, Micah Osborne: With over 15 years of software development experience, Micah knows how to design and execute complicated systems and the infrastructure required to support them. His last startup was Invert Game Studios where he created uFRAME, an MVVM-Design Framework for the Unity 3D Game Engine, the most popular game engine for mobile phones. uFrame was a finalist in the 2014 Unity Awards. uFrame was donated as an open-source project in 2015.
Systems Admin/DevOps, Yuri Senyut: Yuri has worked on a variety of closed-source applications for distributed computing for large corporations. Most recently working with SS&C portfolio management solution that can support multiple asset classes, multi-currency portfolios and complex, global fund structures.
Freelancer, Joe R.: Mobile Developer Joe has been active in the cryptocurrency community since 2011. He has been a freelance and contract developer since 2012, working on a variety of mobile application projects across the world. Full Stack MEAN/MERN Python MySQL/PostgreSQL AWS Azure Magento Swift Xcode. Joe has been contracted for parts of the application that do not need specialized development
Links
/blockarraygroup
Website
Team
How it works
Github, with Overview and Whitepaper
CMC: https://coinmarketcap.com/currencies/block-array/
Price: $0.30 USD
Market Cap: $20,617,223 USD - Yeah, Only $20.6 Million!
Volume (24h): $251,461 USD 10% daily volume = ~10% of Market cap
Circulating Supply: 68,430,738 ARY
Total Supply: 88,409,933 ARY
Buy from Etherdelta or IDEX. Cheaper on ED typically, as people don't like using it. A very similar project in price and market cap right now is Devery (EVE), which I recently posted about.
This is something that I myself am not going to throw something crazy like 15 or 20% of my portfolio in, even though i'm certain it could easily 5x or 10x as the market cap is only 20 million dollars, but it's a more long term hold (long term being like a year), so i'm storing away about 5-7.5% of my portfolio into it, and hoping to see it become one of my largest holdings. Supply Chain disrupting companies, such as VEN, MOD, WaBi, EVE, TRAC, AMB, WTC, and ARY are going to be huge this year, I'm glad to say I hold bits of each one, VEN and MOD most of all. They all take up nearly 70% of my portfolio.
Good luck to all :)
submitted by Haramburglar to CryptoCurrencies [link] [comments]

[uncensored-r/CryptoCurrency] BlockArray - A big money saving solution to a massive industry, with a simple reason for me and y...

The following post by Haramburglar is being replicated because some comments within the post(but not the post itself) have been openly removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ CryptoCurrency/comments/7u6426
The original post's content was as follows:
On their website, ( https://blockarray.com/ ) there is a video showing in just over a minute what the company is trying to achieve, you can watch it now or after reading this, but I would if you're looking for a quick tl;dr
thank you to those on /RFIDBlockchain who messaged me about this, it flew completely under my radar.
ELD Mandate A: law enacted in the United States requiring Truck Drivers to have an Electronic Logging Device to replace paper-logs by December 2019
BlockArray plans to be that replacement for paper-logs. The existing handheld machines are apparently somewhat costly to both obtain and maintain over time. BlockArray is creating an app that would be linked to the blockchain (for now the Ethereum network) and allow for truckers to use their phones as logs. Each system, to access the network, needs just 1 ARY ("ARY Token’s are required to access and anchor data to the bitcoin and ethereum blockchain. At least 1 ARY is required. Once you have the necessary amount, you will not need to buy more). The example on their website is "1 ARY for 1 Truck". There's a shit ton of trucks out there, even just in the US alone.
The most basic incentive to buy this token right now, is that shipping companies will pay more for it later to be able use the network and services, which will include a p2p market for unused shipping capacity - "Virtualized marketplace for "grey pools", trailers that are in a localized area that have empty space on their truck can be accessed through a peer-to-peer system".
The following are 2 different bits copied from separate parts of the website, my parts will have [brackets].
Truck Driver Scans the Bill of Lading Barcode
Truck Driver validates the information is correct
When the driver leaves the shippers area, a geo-fence trigger [magic invisible fence] activates and submits the data to our network
The driver now has a record of how long they were there, and the associated meta data from their ELD device to double-validate the process.
The record is immutable, public, and trust-less. Blockchain fits perfectly into the needs of dispute resolution for shippers and truckers [see below]
Detention Payouts: When a truck driver arrives at the time they are suppose to, but the cargo is not ready to be loaded, they are entitled to a detention payout [but they rarely get any]. Detention was ranked as one of the five leading business problems by 84 percent of the 257 carriers surveyed, including trucking companies and owner-operators. [BlockArray's network will make it easier for drivers to prove they were waiting a certain amount of time for late cargo. This creates an incentive for the drivers to want their companies to adopt BlockArray's services.]
And truckers are only one application. It doesn't have to end there, but appears to for the short future. A look at their roadmap (linked below) will show you they are NOT stopping here.
I mentioned an app above. The company actually has 2 apps planned, one for consumers, one for business.
"User activity tracking through a mobile device, such as a warehouse employee fulfilling orders and scanning a barcode for a specific order will be visually tracked through Emerge, our web application. The Smart Contract pushes out to the user and the user is granted permission to complete it and pass it on to the next person (this is done automatically be user permissions already)." - whitepaper
They plan to create Dual-Layer QR Codes: "Dual-Layer QR codes provide an additional layer of security in that nonblockchain supply operations can use this technology as part of a subscription model to protect their brand in the meantime. There is additional benefits also in the Dual-Layer QR code system that will be discussed later."
TEAM
Co-Founder, Sam Bocha: B.S. Economics/Masters in Business Administration Sam has worked at Amazon and AT&T over the last 6 years learning the business of supply chain management from an IT perspective.
Co-Founder, Micah Osborne: With over 15 years of software development experience, Micah knows how to design and execute complicated systems and the infrastructure required to support them. His last startup was Invert Game Studios where he created uFRAME, an MVVM-Design Framework for the Unity 3D Game Engine, the most popular game engine for mobile phones. uFrame was a finalist in the 2014 Unity Awards. uFrame was donated as an open-source project in 2015.
Systems Admin/DevOps, Yuri Senyut: Yuri has worked on a variety of closed-source applications for distributed computing for large corporations. Most recently working with SS&C portfolio management solution that can support multiple asset classes, multi-currency portfolios and complex, global fund structures.
Freelancer, Joe R.: Mobile Developer Joe has been active in the cryptocurrency community since 2011. He has been a freelance and contract developer since 2012, working on a variety of mobile application projects across the world. Full Stack MEAN/MERN Python MySQL/PostgreSQL AWS Azure Magento Swift Xcode. Joe has been contracted for parts of the application that do not need specialized development
Links
/blockarraygroup
Website
Team
How it works
Github, with Overview and Whitepaper
CMC: https://coinmarketcap.com/currencies/block-array/
Price: $0.30 USD
Market Cap: $20,617,223 USD - Yeah, Only $20.6 Million!
Volume (24h): $251,461 USD 10% daily volume = ~10% of Market cap
Circulating Supply: 68,430,738 ARY
Total Supply: 88,409,933 ARY
Buy from Etherdelta or IDEX. Cheaper on ED typically, as people don't like using it. A very similar project in price and market cap right now is Devery (EVE) My recent post on EVE
This is something that I myself am not going to throw something crazy like 15 or 20% of my portfolio in, even though i'm certain it could easily 5x or 10x as the market cap is only 20 million dollars, but it's a more long term hold (long term being like a year), so i'm storing away about 5-7.5% of my portfolio into it, and hoping to see it become one of my largest holdings. Supply Chain disrupting companies, such as VEN, MOD, WaBi, EVE, TRAC, AMB, WTC, and ARY are going to be huge this year, I'm glad to say I hold bits of each one, VEN and MOD most of all. They all take up nearly 70% of my portfolio.
Good luck to all :)
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Israel Start-Up Sets vigorous Rivals in Blockchain and Fintech

One of the fastest growing startup hubs is Israel and it is aswell making a place for itself in the financial technology plan. Most of startups in the Israeli startup ecosystem are now focused on fintech and blockchain technology. According to reports, the number of startups in the fintech region has raised fourfold from 90 to 430 within a length of 7 years. Virtual currency business has already seen a handful of enterprises making Bitcoin and blockchain applications and platforms. Few of the other fintech sectors addressed by the startups contain security, hardware, new currencies, payments and online business.
Startup newsletter currently listed few startups as promising blockchain technology firms in the country. These startups are contained in the development of blockchain-based applications and platforms that can address a range of controversies. La’Zooz is one of the company that has created a blockchain based ride-hailing application with an intention of disrupting the market currently dominated by Uber. The platform uses blockchain based tokens called Zooz which can be earned by users as they offer rides, while others hailing these rides pay with it. The proof of movement is stored on the blockchain by tracking the transactions. Revelator is also one of the startup, offers Colu– color coin based digital rights management platform for the music industry. The platform can be used by entities as well as record firms to manage rights for artistic work and also receive sovereignty.
Synereo and Waves are two blockchain platforms with their own virtual currency ecosystems. Both the platforms offer entire architecture for the consumers to generate and supervise their own virtual coins and decentralized applications (DApps). Synereo has built its own development language, blockchain based cloud storage, and other resources as it tries to rival with Ethereum. The advanced interest in both crypto and fintech areas is also shared by banking institutions in Israel. Some banks like Bank Leumi and Ha’Poalim have invested themselves into the startup ecosystem, which will help the country come up as one of the fintech hubs.
Reference: ttm.news
submitted by abbyreedere to Israel [link] [comments]

Another weekend, another washout for BTC

Market Commentary (BTC):
Another weekend, another washout. Although this particular move was more shallow than other weekend moves we have seen over the past few months, it was enough to stop out traders between 415 and 420 $.
A tag of 412 $ was quickly rejected on Friday following news that Shapeshift was hacked but no customer funds were lost, and more rumors about Craig Wright being Satoshi were swirling around.
Now, the price is back above 420 $ and is slowly pushing up into what has been heavy resistance for many weeks at 425 $. A move above there would likely mean we see the 430 $ area in short order, but we will need to get above the regional 431 $ high before we can consider this a true medium term breakout. The waiting game continues.
Graph here: https://www.bullbearanalytics.com/free-reports/bitcoin-price-report-for-april-11-2016
submitted by bullbearanalytics to BitcoinMarkets [link] [comments]

We are still watching lower levels for establishing a long position in $BTC

Bitcoin Price Report for May 20, 2016 5/20/2016 0 COMMENTS
​Market Commentary (BTC):
Yesterday was a fascinating, if not frustrating, day in terms of price action in both BTC and ETH as their negative correlation intensifies. While Ether was spiking up above the 34 resistance area, BTC was busy dumping 20 $ as multiple trendline support levels were taken out.
Much like we saw earlier in the week, the failure to break back above 460 $ a few days ago led to even more SCMR dynamic resistance which was the catalyst the bears needed to get the margin call train rolling. Now that we have tested the mid-430's $ and bounced, we can insinuate that there are indeed still buyers emerging down at these slightly depressed levels.
Despite the fact that we are not currently in a ProTrade given the near term technical uncertainty, we are still watching lower levels for establishing a long position.
Graph here: https://www.bullbearanalytics.com/free-reports/bitcoinpriceprediction277097756
submitted by bullbearanalytics to CryptoMarkets [link] [comments]

Israel Start-Up Sets vigorous Rivals in Blockchain and Fintech

One of the fastest growing startup hubs is Israel and it is aswell making a place for itself in the financial technology plan. Most of startups in the Israeli startup ecosystem are now focused on fintech and blockchain technology. According to reports, the number of startups in the fintech region has raised fourfold from 90 to 430 within a length of 7 years. Virtual currency business has already seen a handful of enterprises making Bitcoin and blockchain applications and platforms. Few of the other fintech sectors addressed by the startups contain security, hardware, new currencies, payments and online business.
Startup newsletter currently listed few startups as promising blockchain technology firms in the country. These startups are contained in the development of blockchain-based applications and platforms that can address a range of controversies. La’Zooz is one of the company that has created a blockchain based ride-hailing application with an intention of disrupting the market currently dominated by Uber. The platform uses blockchain based tokens called Zooz which can be earned by users as they offer rides, while others hailing these rides pay with it. The proof of movement is stored on the blockchain by tracking the transactions. Revelator is also one of the startup, offers Colu– color coin based digital rights management platform for the music industry. The platform can be used by entities as well as record firms to manage rights for artistic work and also receive sovereignty.
Synereo and Waves are two blockchain platforms with their own virtual currency ecosystems. Both the platforms offer entire architecture for the consumers to generate and supervise their own virtual coins and decentralized applications (DApps). Synereo has built its own development language, blockchain based cloud storage, and other resources as it tries to rival with Ethereum. The advanced interest in both crypto and fintech areas is also shared by banking institutions in Israel. Some banks like Bank Leumi and Ha’Poalim have invested themselves into the startup ecosystem, which will help the country come up as one of the fintech hubs.
Reference: ttm.news
submitted by abbyreedere to CryptoCurrency [link] [comments]

Bitcoin Price Report for April 29, 2016

Market Commentary (BTC):
So far, so good. With bitcoin now pushing up against resistance at 450 $ following a shallow pullback around OKCoin futures settlement last night, everything looks right on track as far as the ProTrades and our rough roadmap for the next few weeks.
While we still believe that the ball remains in control of the bulls, we are not so sure whether they are done accumulating this consolidation which means there could be some range-bound chop ahead. That said, we do not expect the trendlines and support areas in the 425 - 430 $ range to breakdown, therefore we are just holding for the time being.
Graph here: https://www.bullbearanalytics.com/free-reports/bitcoin-price-report-for-april-29-2016
submitted by bullbearanalytics to CryptoMarkets [link] [comments]

Satoshi Revealed? Price Update Here

Market Commentary (BTC):
Well, the stability was nice while it lasted.
As expected, the cryptocurrency markets were rather stable on a weekend for the first time in what seems like months. The bulls had successfully defended the channel and confluence support area around 435 $, which led to a near term rally back up into the 455 - 460 $ area late last week. That failed right at the 61.8% Fibonacci retracement level, which is also the bottom of the OTE short zone, which led to flatlined price action over the bulk of the weekend.
That is, until The Economist published a very timely story about Craig Wright being Satoshi Nakamoto early this morning, with alleged proof, and sent prices plummeting back down to sub-440 $. While there is already evidence piling up that this is indeed yet another hoax, market participants have let fear trump reason (as usual) which why we still generally view these swings lower as buying opportunities.
Surprisingly, this supposedly massive news story was only able to take the bitcoin price down about 15 $ (~4.3%), and it is still well within our near term trading range between 430 - 470 $.
Graph here: https://www.bullbearanalytics.com/free-reports/bitcoin-price-report-for-may-2-2016
submitted by bullbearanalytics to CryptoMarkets [link] [comments]

Satoshi Revealed? Price Update Here

​Market Commentary (BTC):
Well, the stability was nice while it lasted.
As expected, the cryptocurrency markets were rather stable on a weekend for the first time in what seems like months. The bulls had successfully defended the channel and confluence support area around 435 $, which led to a near term rally back up into the 455 - 460 $ area late last week. That failed right at the 61.8% Fibonacci retracement level, which is also the bottom of the OTE short zone, which led to flatlined price action over the bulk of the weekend.
That is, until The Economist published a very timely story about Craig Wright being Satoshi Nakamoto early this morning, with alleged proof, and sent prices plummeting back down to sub-440 $. While there is already evidence piling up that this is indeed yet another hoax, market participants have let fear trump reason (as usual) which why we still generally view these swings lower as buying opportunities.
Surprisingly, this supposedly massive news story was only able to take the bitcoin price down about 15 $ (~4.3%), and it is still well within our near term trading range between 430 - 470 $.
Graph here: https://www.bullbearanalytics.com/free-reports/bitcoin-price-report-for-may-2-2016
submitted by bullbearanalytics to Bitcoin [link] [comments]

Bitcoin CONTINUATION TODAY (Area of Caution)! October 2020 ... Bitcoin - YouTube URGENT!! BITCOIN TOPPED OUT or 14.2K NEXT? Crypto BTC TA ... Turning $47 into $430 by Flipping Trash  Trash Talk #5 ... 3 reasons Bitcoin suddenly dropped 3% in 1 hour and ...

While Bitcoin aims to hold above $11,600 going into the monthly close, ... ETH/USD rose to highs of $430 during early morning trades on Monday, before a slight retreat to the $420 region. If bulls manage to revisit the area, sustained momentum above the zone could set up a potential assault on the major resistance area at $450. ETH/USD price 1-hour chart. Source: Tradingview. The last time ... Bitcoin scams hit residents in Waterloo Region. Waterloo Region, formally known as the Regional Municipality of Waterloo, is a mid-sized community and metropolitan area located in Southern Ontario, Canada. Over the months, Bitcoin scammers have been contacting the residents through phone, while falsely posing as a government official from ... Police are sounding the alarm over Bitcoin scams in Waterloo Region after dozens of people were bilked out of a combined $430,000 since the start of the year. Bitcoin’s value has risen by 3 per cent over the ... (ethereum) rising from just above $100 in March to today’s price of $430. Bitcoin remains a long way off its record high of $20,000, which ... Unsere besten Spreads und Konditionen Mehr erfahren MetaTrader 4 ...

[index] [31443] [26647] [42329] [17949] [19723] [38450] [19421] [21006] [47144] [4360]

Bitcoin CONTINUATION TODAY (Area of Caution)! October 2020 ...

As the leading Bitcoin exchange in South Africa, we want you to always get the best deal. We will give away any secrets we might have on these videos. We are... I like video Games. Nella puntata del 22 ottobre il trader Riccardo Zago si è focalizzato su BITCOIN, la criptovaluta a maggior capitalizzazione che ieri ha segnato un +7.61%. I... READ THE DESCRIPTION Unfortunately I am Italian and I speak little English and therefore I was forced to record without a voice, I am doing it to grow my cha... Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.

#