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Daily analysis of cryptocurrencies 20191021(Market index 37 — Fear state)

Daily analysis of cryptocurrencies 20191021(Market index 37 — Fear state)

https://preview.redd.it/fvnsi6vuvvt31.jpg?width=1080&format=pjpg&auto=webp&s=41a8a6f3ddccb300af619e212cdaa8fa371e415d

Huawei Filed Patent Application For Blockchain-Based Settlement Citing information from Tian Yan Cha, a tool for commercial surveys, Huawei has filed a patent application for blockchain-based settlement. Per the application form, the patent can be used to verify the original data sent from the client end and settle the generation process from data to bills.
Korean Firms To Launch Trial Version Of All-In-One ID Verification App By End Of 2019 South Korean mobile carriers, smartphone makers, and financial firms, including Samsung Electronics, Hyundai Card, Shinhan Bank, etc. have joined hands to launch a decentralized ID service, named Initial, on a trial basis this year. The new service will essentially verify an individual’s identity without tangible documents like graduation or employment certificates, and enable taking out loans or applying for jobs, through a single mobile App. This is the second endeavor to launch a mobile identity verification system using blockchain technologies, after a similar effort by the Korea Financial Telecommunications & Clearings Institute.
China’s State Council To Strengthen Blockchain-Powered Regulation On Bills, Entertainment, And Healthcare China’s State Council addressed the need for stricter regulation on sectors of bills, entertainment, and healthcare in the Enhanced Regulation Guidance published recently, which points out the benefits and importance of leveraging nascent technologies, such as blockchain, big data, IoT, cloud computing, AI, etc. The Guidance explains that technologies like blockchain can reduce regulatory costs, minimize interference, and maximum effects of regulation. According to the State Council, blockchain, as a critical technology, is a natural fit for the regulatory frameworks, it can facilitate with the integration of regulatory infrastructures, offer reliable and timely transaction status, and improve information transparency.

Encrypted project calendar(October 21, 2019)

KNC/Kyber Network: The official online hackathon of the Kyber Network (KNC) project will end on October 21st, with more than $42,000 in prize money. Horizen (ZEN): 21 October 2019 Sidechains Alpha Release Horizen releasing the alpha version of industry first decentralized and unfederated sidechains. Horizen (ZEN): 21 October 2019 Updated Whitepaper Horizen releasing an updated whitepaper. Kuverit (KUV) : IDAX will list #Kuverit (KUV) and open trading for KUV/BTC trading pair. is going to be listed on 21 Oct, at 10:00 am (UTC+8). VRD/VRD Chain: VRD Chain (VRD) WBF Exchange will launch VRD/ETH trading pairs in the open area on October 21st at 10:00. MKMaker: MakerDAO (MKR) WBF Exchange will launch the MKUSDT trading pair in the open area on October 21st at 16:00. H56/H56 Token: H56 Token (H56) OEx International Station will be launched on October 21st at 14:30. NAUC/Nautical Coin: The Nautical Coin (NAUC) BiKi platform will open NAUC recharge and withdrawal at 14:00 on October 21, and open the NAUC/USDT transaction pair at 14:00 on October 24th. Celer Network (CELR): 21 October 2019 AMA “Come and join our AMA on Monday, OCT 21 at 7PM(PST).” Ankr (ANKR) : 21 October 2019 Moscow Meetup “This Monday, Oct 21, we are co-hosting a meetup with @Binance in Moscow!” Ethereum Classic (ETC): 21 October 2019 AMA @ETCCooperative Executive Director @BobSummerwill will participate in an AMA held by @GuardaWallet Nebulas (NAS): 21 October 2019 Community Fund Vote “The time has come for the community to decide what to do with the remaining community fund containing 34 million $NAS.” Hype Token (HYPE): 21 October 2019 Limited HYPE NFT Badges Level 5 & 6 NFT Badges has been released. As part of HYPE Token’s community rewards program, you can collect super rare NFT badges! IOST (IOST): 21 October 2019 Weekly Summary “Here’s a quick summary of the week of 14th Oct 2019 by @iostWatch

Encrypted project calendar(October 22, 2019)

ZRX/0x: The 0x protocol (ZRX) Pantera blockchain summit will be held on October 22. Locus Chain (LOCUS): 22 October 2019 Public Test Begins Public test runs for three days from October 22nd to October 24th. IOTA (MIOTA): 22 October 2019 EclipseCon Europe Next week, join Lewis Freiberg, our Director of Ecosystem, to learn how to build an ecosystem around IoT focused distributed ledgers. TRON (TRX): 22 October 2019 TRC20-USDT Bonanza “… @Huobiglobal . Deposit #TRC20- #USDT, enjoy APR up to 30%, starting from 00:00, Oct, 22 to 00:00, Nov, 1, 2019(SGT).” PCHAIN (PI): 22 October 2019 Ama with Founder & CEO “Jeff Cao PCHAIN founder & CEO, will host an AMA on 22nd Oct at 11:00 PM (UTC+8) in the @Binance_DEX Telegram.” iExec RLC (RLC): 22 October 2019 AMA “Tuesday 22 October 2019. You can ask the team anything you want until Thursday 17 October.”

Encrypted project calendar(October 23, 2019)

MIOTA/IOTA: IOTA (MIOTA) IOTA will host a community event on October 23rd at the University of Southern California in Los Angeles with the theme “Connecting the I3 Market and Experiencing Purchase and Sales Data.” BTC/Bitcoin: The WBS World Blockchain Summit (Middle East) will be held in Dubai from October 23rd to 24th. Cardano (ADA) and 1 other: 23 October 2019 WBS Dubai “One of a kind gathering of 500+ curated & pre-qualified investors, CEOs, CIOs, CTOs, Heads of Blockchain, Chief Digital Officers CloakCoin (CLOAK): 23 October 2019 (or earlier) CloakCoin Competition “CloakCoin competition : solve the CloakCoin ENIGMA transaction, 3rd round.” Loom Network (LOOM): 23 October 2019 Singapore Meetup “Unstack the Stack Series: Loom Network” from 6:30–8:30 PM (SST). BTGS/Bitdog: ZG.COM will open the BTGS currency and coin transfer business at 14:00 on October 23, and open the BTGS/USDT transaction pair on October 23 at 18:18. Waltonchain (WTC): 23 October 2019 Transfers Suspended “$WTC deposits and withdrawals on #TaibiExchange will be suspended from 00:00 Oct 22 (UTC+8) and are estimated to resume at 15:00 Oct 23

Encrypted project calendar(October 24, 2019)

BCN/Bytecoin: Bytecoin (BCN) released the hidden amount of the Bytecoin block network on October 24. Horizen (ZEN): 24 October 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA. ANT/Aragon: Aragon (ANT) Aragon Network will hold the theme “DAO: ICO and DeFi next step” in Hong Kong on October 24th? DATA/Streamr DATAcoin: Streamr DATAcoin (DATA) Streamr Network Technology Exchange and Project Development Conference will be held in London on October 24th. Lisk (LSK): 24 October 2019 Coding Workshop — Berlin “During this workshop you will acquire the skills to create custom transactions with the Lisk Alpha SDK using Node.js.” BTU Protocol (BTU): 24 October 2019 Africa IT Expo “Our co-founder @vidal007 will be speaking at upcoming @africa_aitex [African IT Expo] held in #Rabat #Morocco on 24th of October.” Matrix AI Network (MAN): 24 October 2019 YouTube AMA YouTube AMA from 3PM, October 24 (GMT+8). Utrum (OOT): 24 October 2019 AtomicDex Listing “We are pleased to announce that Utrum coin OOT is getting listed on Komodo Platform Decentral Exchange — AtomicDEX. “

Encrypted project calendar(October 25, 2019)

ADA/Cardano: Cardano (ADA) The Ada community will host a community gathering in the Dominican Republic for the first time on October 25. Crypto.com Coin (CRO): 25 October 2019 Live AMA with CEO “Live AMA with our CEO @Kris_HK on @cryptocom’s Twitter next Friday, 25 October, 11AM HKT.” GST/GSTCOIN: GSTCOIN(GST)LBank will be online GST on October 25, 2019 at 16:00 (UTC+8), open trading pair: GST/USDT, GST/ETH.

Encrypted project calendar(October 26, 2019)

KAT/Kambria: Kambria (KAT) Kambria will host the 2019 Southern California Artificial Intelligence and Data Science Conference in Los Angeles on October 26th with IDEAS. BTC/Bitcoin: CoinAgenda Global Summit will be held in Las Vegas from October 26th to 28th Horizen (ZEN): 26 October 2019 (or earlier) ZEN 2.0.19 Upgrade Zen 2.0.19 upgrade at block #610000, which is expected around October 26.

Encrypted project calendar(October 27, 2019)

ICON (ICX): 27 October 2019 Money 20/20 USA Event Money 20/20 USA in Las Vegas from October 27–30.

Encrypted project calendar(October 28, 2019)

LTC/Litecoin: Litecoin (LTC) 2019 Litecoin Summit will be held from October 28th to October 29th in Las Vegas, USA BTC/Bitcoin: Mt.Gox changes the debt compensation plan submission deadline to October 28 ZEC/Zcash: Zcash (ZEC) will activate the Blossom Agreement on October 28th Stellar (XLM): 28 October 2019 Protocol 12 Upgrade Vote Horizon v0.22.0 has been released, which supports Protocol 12. This gives everyone ample time to prepare for the Protocol 12 upgrade vote Celsius (CEL) and 3 others: 28 October 2019 Litecoin Summit “…The Litecoin Summit offers two fun, jam-packed days with something for everyone.” XFOC (XFOC): The IDAX platform will be online XFOC and will open the XFOC/USDT trading pair at 13:00 on October 28. MEDIUM (MDM): The IDAX platform lists MDM and will open MDM/BTC trading pairs on October 28th at 15:00. ZB/ ZB Blockchain: The “2019 Hamburg Intercontinental Dialogue Conference” hosted by ZB.com will be held from October 28th to November 9th at the Four Seasons Hotel Hamburg, Germany. BQT (BQTX): 28 October 2019 Down for Maintenance BQTX.com will be down for maintenance on the 28th of October from 7 to 12am UTC.

Encrypted project calendar(October 29, 2019)

BTC/Bitcoin: The 2nd World Encryption Conference (WCC) will be held in Las Vegas from October 29th to 31st. ICON (ICX): 29 October 2019 Decentralization “As a result, the decentralization schedule of the ICON Network has been changed from September 24, 2019 to October 29, 2019.” Ark (ARK): and 10 others 29 October 2019 WCC 2019 Second annual Blockchain and Cryptocurrency Technology event, World Crypto Conference (WCC), October 29th — October 31, 2019. Insifa (ISF): 29 October 2019 Prototype Alpha “We from Insifa have decided to be more open. Our Prototype will be developed in scrum. This means new releases every two weeks.”

Encrypted project calendar(October 30, 2019)

MIOTA/IOTA: IOTA (MIOTA) IOTA will host a community event on October 30th at the University of Southern California in Los Angeles on the topic “How to store data on IOTA Tangle.” TRON (TRX): 30 October 2019 SFBW19 Afterparty “TRON Official SFBW19 Afterparty from 7–10:30 PM in San Francisco.” Horizen (ZEN): 30 October 2019 Horizen Quarterly Update Join our first Quarterly Update on October the 30th at 5 PM UTC/ 1 PM EST. Deeper look into Engineering, BD, Marketing, and more. Aeternity (AE): 30 October 2019 Hardfork “The third hardfork of the æternity Mainnet is scheduled for October 30, 2019.” Valor Token (VALOR): 30 October 2019 Transaction Fees Resume “It’s September and the SMART VALOR Platform is still waiving transaction fees for all members, until October 30th!” Aragon (ANT): 30 October 2019 Singapore Meetup “Aragon on DAOs and DeFi” from 6:30–8:30 PM. Kambria (KAT): 30 October 2019 Outliers Hashed Awards Outliers Hashed awards from October 30–31. Ethereum Classic (ETC): 30 October 2019 Cohort Demo Day “ETC Labs hosts it’s 2nd Cohort Demo Day. Learn about the companies and project being accelerated through the Ethereum Classic ecosystem.”

Encrypted project calendar(October 31, 2019)

Spendcoin (SPND): 31 October 2019 (or earlier) Cross Ledger Mainnet “Cross Ledger Mainnet Release and SPND Token Swap,” during October 2019. Spendcoin (SPND): 31 October 2019 (or earlier) Blkchn University Beta “Blockchain University Beta goes live,” during October 2019. Stellar (XLM): 31 October 2019 (or earlier) Minor Release “We will have 6 Minor Releases in 2019; one each in February, March, May, June, August, and October.” Bitcoin SV (BSV): 31 October 2019 (or earlier) BSV Conference Seoul No additional information. Seele (SEELE): 31 October 2019 (or earlier) Public Network Mainne launch has been moved to Oct 31 . Howdoo (UDOO): 31 October 2019 (or earlier) Howdoo Live on Huawei Howdoo begins its exciting partnership with Huawei with listing as a featured app starting in October. Chiliz (CHZ): 31 October 2019 (or earlier) App Soft Launch Soft launch of Socios App by end of October. Dent (DENT): 31 October 2019 (or earlier) Loyalty Program “Afterburner loyalty program launch for all 21,6 Million mobile #DENT users will be in October!” IceChain (ICHX): 31 October 2019 (or earlier) Wallet Release IceChain releases wallet during October. Chiliz (CHZ): 31 October 2019 (or earlier) New Partnerships New sports and new teams joining Socios (+more updates and events) will be announced in the upcoming weeks. Horizen (ZEN): 31 October 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA. PCHAIN (PI): 31 October 2019 (or earlier) New Website No additional information. IOST (IOST): 31 October 2019 (or earlier) New Game on IOST “Eternal Fafnir, a new role-playing game developed by INFUN is coming to you in Oct.” Achain (ACT): 31 October 2019 Mainnet 2.0 Launch “… The main network is officially scheduled to launch on October 31.” Mithril (MITH):31 October 2019 Burn “MITH burn will take place on 2019/10/31 2pm UTC+8. “ Aergo (AERGO): 31 October 2019 (or earlier) Aergo Lite V1.0 Release AergoLite, which brings blockchain compatibility to billions of devices using SQLite, released during October 2019. TE-FOOD (TFD): 31 October 2019 (or earlier) Complementary Product “Development of a new, complementary product with a new partner, which we hope to be launched in September-October.” Edge (DADI): 31 October 2019 (or earlier) Full Open Source Code base for the network fully open-sourced in September or October. BlockStamp (BST): 31 October 2019 (or earlier) ASIC Miner Prototype In orderr to ensure BlockStamps continued decentralization, we will release a BST ASIC miner for testing. Perlin (PERL): 31 October 2019 (or earlier) SSA Partnership “Perlin has partnered with the Singapore Shipping Association to create the International E-Registry of Ships (IERS)” Skrumble Network (SKM): 31 October 2019 (or earlier) Exchange Release “3rd dApp: Exchange Release,” during October 2019. EDC Blockchain (EDC): 31 October 2019 (or earlier) Blockchain Marketplace “As you already know, our ECRO blockchain marketplace is ready for release, and will open to the global community in October!” BlockStamp (BST): 31 October 2019 (or earlier) ASIC Miner Prototype In orderr to ensure BlockStamps continued decentralization, we will release a BST ASIC miner for testing. XinFin Network (XDCE): 31 October 2019 Homebloc Webinar “XinFin — Homebloc Webinar 2019” from 9–10 PM. Akropolis (AKRO): 31 October 2019 (or earlier) Alpha Release “Delivers the initial mainnet implementation of protocol. All building blocks will be united to one product.” Hyperion (HYN): 31 October 2019 (or earlier) Economic Model The final version of the HYN Economic Model launches in October.

Encrypted project calendar(November 1, 2019)

INS/Insolar: The Insolar (INS) Insolar wallet and the redesigned Insolar Block Explorer will be operational on November 1, 2019. VeChain (VET):”01 November 2019 BUIDLer Reunion Party BUIDLer Reunion Party in San Francisco from 8–11 PM. uPlexa (UPX): 01 November 2019 Steadfast Storm — PoS/PoW split (Utility nodes ie. master nodes) — Upcoming Anonymity Network much like TOR — Privacy-based DApps — Reduced network fees. Enjin Coin (ENJ): 01 November 2019 MFT Binding “ICYMI: On Enjin Coin’s 2nd anniversary (November 1), Enjin MFTs will be bound to hodlers’ blockchain addresses…” Auxilium (AUX):01 November 2019 AUX Interest Distribution Monthly interest distribution by Auxilium Interest Distribution Platform for coinholders. Also supports charity. Havy (HAVY):01 November 2019 Token Buyback “Havy tokens buyback, Only in 1 exchange between Idex, Mercatox & Hotbit. The exchange depends on the most lower sell wall.”

Encrypted project calendar(November 2, 2019)

Kambria (KAT): 02 November 2019 VietAI Summit 2019 Kambria joins forces with VietAI for the annual VietAI Summit, with top experts from Google Brain, NVIDIA, Kambria, VietAI, and more!

Encrypted project calendar(November 4, 2019)

Stellar (XLM): 04 November 2019 Stellar Meridian Conf. Stellar Meridian conference from Nov 4–5 in Mexico City. Cappasity (CAPP): 04 November 2019 Lisbon Web Summit Lisbon Web Summit in Lisbon, Portugal from November 4–7.

Encrypted project calendar(November 5, 2019)

Nexus (NXS): 05 November 2019 Tritium Official Release “Remember, Remember the 5th of November, the day Tritium changed Distributed Ledger. Yes, this is an official release date.” NEM (XEM): 05 November 2019 Innovation Forum — Kyiv NEM Foundation Council Member Anton Bosenko will be speaking in the upcoming International Innovation Forum in Kyiv on November 5, 2019.

Encrypted project calendar(November 6, 2019)

STEEM/Steem: The Steem (STEEM) SteemFest 4 conference will be held in Bangkok from November 6th to 10th.

Encrypted project calendar(November 7, 2019)

XRP (XRP): 07 November 2019 Swell 2019 Ripple hosts Swell from November 7th — 8th in Singapore.

Encrypted project calendar(November 8, 2019)

BTC/Bitcoin: The 2nd Global Digital Mining Summit will be held in Frankfurt, Germany from October 8th to 10th.

Encrypted project calendar(November 9, 2019)

CENNZ/Centrality: Centrality (CENNZ) will meet in InsurTechNZ Connect — Insurance and Blockchain on October 9th in Auckland.
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This past week, we saw mostly bearish moves in bitcoin below the $8,200 support area against the US Dollar. BTC price even settled below $8,000 and the 100 hourly simple moving average. However, the $7,800 area acted as a strong support. As a result, BTC started a decent recovery above the $8,000 resistance area and the 100 hourly SMA. Moreover, there was a break above a contracting triangle with resistance near $8,000 on the hourly chart.
More importantly, the price surpassed the main $8,200 resistance area (as discussed in the weekly forecast). Finally, the price traded above the $8,250 level and tested the $8,300 zone. A high was formed near $8,305 and the price is currently consolidating gains. An immediate support is near the $8,200 level or the 23.6% Fib retracement level of the recent recovery from the $7,884 low to $8,305 high.
Additionally, there is a short term breakout or bullish continuation pattern forming with resistance near $8,250 on the same chart. If there is an upside break above $8,250, bitcoin price could continue to rise towards the $8,300 and $8,350 resistance levels. The next key resistance on the upside is near the $8,400 level.
Review previous articles: https://medium.com/@to.liuwen

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So I created a Crypto Index Fund of 35 Cryptos and I'm holding for 1 Year - A Case Study

I’ve decided to document my journey with an experiment in crypto investing that involves creating a Crypto Index Fund of sorts.
With a nod and hat tip to Brett McLain (http://blog.mclain.ca/31-crypto-currencies-week-1/) who was the inspiration for this experiment, as he enters week 14 of his own.
Where my experiment differs is in the number of cryptos selected, as well as the style of selection. Brett went with the Top 30 (actually he used 31 in the end) by Market Cap.
For my experiment, I shall be selecting 35 cryptos that I’ve hand selected.
First, let’s get the rules set.
The Rules
Why Am I Doing This Experiment?
Primarily, this is a thought experiment for me. It’s also a method that I hope proves whether a diversified portfolio is more effective in the long run than holding a single (or few) cryptos.
I have longterm holds in a numbers of coins over a long period of time. This small-scale thought experiment is separate to that.
And why do I think an “crypto index fund” is such a good idea? This:
https://imgur.com/aIxx3zu
That’s a picture of the whole crypto market cap over the last year. It’s rising constantly (especially in the last few months), and is only set to grow more (and more rapidly).
So an index fund that tracks a large segment of the market should be a really good thing. My profit will rise as the overall crypto market cap rises. That’s what this experiment is all about.
And if it isn’t a good thing, we will see.
The Cryptos
Here are the cryptocurrencies I selected (listed by price):
Foo Bar
Bitcoin (BTC)
Bitcoin Cash (BCH)
Dash (DASH)
Ethereum (ETH)
Zcash (ZEC)
Monero (XMR)
Litecoin (LTC)
NEO (NEO)
Gas (GAS)
Qtum (QTUM)
Lisk (LSK)
OmiseGO (OMG)
Waves (WAVES)
Walton (WTC)
Metal (MTL)
Vertcoin (VTC)
Salt (SALT)
Metaverse ETP (ETP)
Neblio (NEBL)
Ark (ARK)
Komodo (KMD)
EOS (EOS)
Modum (MOD)
AdEx (ADX)
Kyber Network (KNC)
PowerLedger (POWR)
iExec RLC (RLC)
Civic (CVC)
Obsidian (ODN)
Rise (RISE)
VeChain (VEN)
Ripple (XRP)
Chainlink (LINK)
Ripio (RCN)
Request Network (REQ)
A lot of research and thought went into selecting these 35. I don’t want to get into too much detail about why I chose individual cryptos (although that might come later).
First, I will answer the two most macro of questions first:
This is pretty simple. I wanted a large enough amount that would justify an “index fund” without being unwieldy. As this isn’t a traditional index fund, it would be ridiculously complex to buy 100s of cryptos individually and then be able to store them somewhere.
I think 35 is a good number that allows for diversification and balance, without being too complex and unwieldly.
Whether all of these 35 cryptos will turn out to be successful (and I define success as giving me at least a 1.5x ROI in a year), will be an interesting part of the experiment.
I chose these 35 for specific reasons individually and I made sure to choose a number of project types - straight up currencies, platforms, dApps, protocols, etc.
In this index fund, there will be small total supply coins, large total supply coins, large market cap coins, small market cap coins, old projects, new projects and everything in between.
But all of them are good projects, I believe. Time will tell and I invite questions and discussion about the cryptos themselves in the comments.
Based on their Market Cap rankings, I put the 35 cryptos into a number of types that I’ll explain a bit here:
The cryptos in The Big Boys section are pretty obvious. The established and time-tested players like Bitcoin, Ethereum and Dash fit here.
In the Second Tier we have the potential future stars. Cryptos like NEO, OmiseGO and Lisk fit comfortably here.
Whilst The Emerging Upstarts are filled with newer projects that are super solid, for example: Walton Chain, PowerLedger and Chainlink.
By selecting older and newer projects in this “crypto index fund” I’m hoping to leverage both money coming into the established/known cryptos, as well as potentially making bigger market cap jumps with some of the new projects that have far to run.
Potential Issues With the Experiment
Some obvious issues with my method became apparent pretty quickly:
Some coins were near all-time-highs, which will naturally skew the experiment a little and make it a little harder for them to succeed…at least in the early stages of the experiment. For example, Bitcoin happened to be very near its ATH when I bought it for the experiment. NEO and AdEx were also very near their tops.
Moving Forwards
I bought these cryptos on Tuesday 21st November. I will, therefore, be doing a weekly update every Tuesday where I chart the experiment’s progress.
I'll be including charts/graphs in future updates, so that we can see a visual representation of what's going on.
I’ll be making a site to chronicle this experiment and give it a home.
Let me know what you think of my plan - I’m open to constructive criticism and any thoughts you might have.
Sources and Helpful Resources
Here’s some of the many resources I consulted for this project:
https://digitalassetdbtest.azurewebsites.net/
http://aenigma.capital/Leveraging-the-Cryptoeconomic-Machine.pdf
https://www.whatbitcoindid.com/portfolio/
https://coinmarketcap.com/
https://www.coingecko.com/en
https://coincheckup.com/
Feel free to follow me here for more regular updates: https://twitter.com/cryptoindexfund
submitted by weddingzilla199 to CryptoMarkets [link] [comments]

What is a Crypto Whale?

What is a Crypto Whale?

https://preview.redd.it/jv9oy1vzeri31.jpg?width=760&format=pjpg&auto=webp&s=e85ca2df1302612693702df0288290361195f86e
Crypto Whales. Yes, you read that correctly. You might be wondering what a crypto whale is…
A crypto whale is a colloquial term used to describe “large market players” in the cryptocurrency markets. If you imagine the analogy of the ocean, and we’re all happily swimming around. As an average Joe investor, we only have small sums of money available to us, and we’d be considered the “little fish” investors.
Whereas Crypto Whales are individuals or institutions with large sums/volumes of crypto assets. A Crypto Whale may hold large volumes of multiple cryptocurrencies or only a single cryptocurrency. You can, therefore, have Bitcoin Whales, Ethereum Whales, XRP Whales, EOS Whales, Litecoin Whales, Cardano Whales, Bitcoin Cash Whales, etc.
The oceanic analogy is appropriate as people talk about market waves and refer to small market rallies as feeding frenzies etc.
They are so-called Crypto Whales because if/when they sell a large amount of cryptocurrency it can cause a sudden drop in price as the relatively illiquid market cannot absorb such large sell orders, especially in a bear market. This can create a dip in the market charts, or a “wave” in the market, just as real whales make waves when they jump above the surface. Both illustratively in the cryptocurrency price charts as well as emotionally as people suffer a wave of panic when prices drop. Some weak hands will also sell their cryptocurrency holdings during the large sell-offs further contributing to the crypto whale initiated market wave.

How much crypto must you have to be considered a Crypto Whale?

While there is no rule for this, it generally must fit two criteria: (1) large volume of crypto (typically in the tens of thousands of BTC, hundreds of thousands of ETH and tens of millions of XRP); (2) large USD value, which is dependent on the market values of coins on any given day. Typically Crypto whales are worth MANY millions if not billions of dollars.

Who are the Crypto Whales?

It’s tough to be certain who the crypto whales are because of the pseudonymous nature of Bitcoin, Ethereum, XRP and other cryptocurrencies.
There are some groups who have claimed the title of Crypto Whale, including:
  • Pantera Capital
  • Greyscale
  • Coin Capital Partners
  • Fortress
  • Global Advisors Bitcoin Investment Trust
  • Bitcoin Investment Trust
  • Bitcoins Reserve
  • Binary Financial
  • Falcon Global Capital
  • Satoshi Nakamoto (wallet holds ~1,000,000 BTC), but its never been used.
Suspected Whales IMO:
  • The Winklevoss Twins
  • Roger Ver
  • Fidelity
  • Goldman Sachs (I could be wrong)
  • ICE (Parent company of Bakkt)
  • Bitmain
  • Other large miners
  • Vitalik Buterin (Ethereum Whale) & Joseph Lubin (Ethereum Whale)… likely.
  • Ripple (XRP Whale)
  • Who are the Crypto Whales?
  • Who are the Crypto Whales?
  • Theories on Crypto Whale Manipulation
Now I am no market analyst so take this with a grain of salt. The general sentiment on the internet about Crypto Whales is that they can and do manipulate the price of their respective cryptocurrency. Crypto Whales generally are financially well off and can afford to spend money. The idea is that they put in a large sell order on an exchange that they know cannot handle the volume of the sell order. This causes the price of the cryptocurrency to drop dramatically.
Once the price has dropped to a certain point the crypto whale takes fiat and buys up tons of low-cost cryptocurrency. Please note that they do not have to have their whole sell order filled. They just need to drop the price, cause panic, then other small fish investors start selling their cryptocurrency. This is when the whale cancels their sell order and starts buying the dip.
I personally think that this definitely happens, but to what extent I do not know.

Conclusion

I hope that you enjoyed this post on Crypto Whales and that you managed to learn a little something new about the crypto industry today.
There is a Twitter Account called “Whale Alert” where the individual (or group) tracks the blockchain for large cryptocurrency transactions/movements. Very interesting to pay attention to and keep an eye on. @whale_alert is really doing a great service to the crypto industry and average investor by broadcasting the transparency of the blockchain for our benefit to not fear crypto whale movements… or at the very least to be aware of them.
Keep in mind that these Crypto Whales are significant right now. This is due to the illiquidity of the global cryptocurrency markets. As institutional investors around the world start investing in earnest, and then as hundreds of millions of average Joe investors add cryptocurrency to their retirement portfolio, the liquidity and overall market value will rise. The Crypto Whales will have less impact on the market then. We will have the demand and liquidity to absorb the large sell orders, and the crypto will be more distributed.
People will be adding cryptocurrency to their portfolios just like they add stocks such as the S&P500 or Apple, Amazon, Johnson and Johnson, Oracle, Walmart, Berkshire Hathaway, etc, etc.
One of two things will happen with increased liquidity: (1) The Crypto Whales become massive in size; or (2) The Crypto Whales go the way of real life whales… endangered and hunted…
Link to Original Post: https://markshirecrypto.com/cryptocurrency/what-is-a-crypto-whale/
submitted by Tokenberry to NewbieZone [link] [comments]

The One Crypto Portfolio You'll Ever Need! (Shrimpy.io)

After tampering with Shrimpy.io for my cryptocurrency portfolio management for a while, I have created two sets of portfolios. The first set was designed to manually switch to one another according to market conditions, but it required constant personal monitoring to the BTC/USD charts to be sure that maximum allocation to profit efficiency is maintained. To be honest I got very tired monitoring the charts all day so I decided to create just *one* portfolio a one size fits all that withstands all market conditions, makes maximum gains in a safe way preserving most value in downtime market conditions, and I am excited to share it with you.
Strategy Name: SHOCKWAVE-50-10-40 Allocations:
50% BTC
5 x 2% (high market cap coins that preserve most value) ETH, XRP, Litecoin, XMR, BCH Total 10%
KCS 2% (Kucoin Exchange fees) BNB 2%
12 x 3% High potential projects / coins. I will share my choices with you but the idea is to include the coins with undervalued prices that will probably have a great future should they work. Most of the coins I chose here are platforms.
EOS Cardano Maker Nano Qtum Cosmos (ATOM) Tezos (XTZ) Tomchain EnjinCoin (ENJ) Zilliqa (ZIL) NEO Lisk
So why these allocations? It's all based on backtesting performance and also personal observation about market condition/behavior. The sad fact is, so far BitCoin has outperformed most alt-coins in terms of price performance and store of value. In other words, for the 3 previous months bull run, the more BTC allocation you have in your portfolio the more gains in USD you would have achieved. But many experts are expecting an imminent alt-coin season because it's one of the market cycles of the cryptocurrency space, and because exchanges (whales) wouldn't profit if alt-season doesn't arrive.
Alt-season will arrive when BTC stabilizes at a certain all time high price and starts to move side-ways in the same price range. So how do we prepare for an alt season without losing the profits gained from BTC all in one portfolio?
The conclusion I reached is to put a minimum 50% of my portfolio to Bitcoin. This way I guarantee that there is a steady income of profits from 50% of my portfolio. In this case even if the rest of the alts did not perform, the profits generated from BTC will keep buying ALTs at cheaper rates, as if the ALTs are a big battery being charged over a period of time only to explode later.
But what happens if BTC dumps? In all previous behavior when BTC dumps 1% most other alts dump multiples of this percentage. This means 2 things: 1. 50% of my portfolio is stable, and keeps most value. 2. The other 50% drops more but the first 50% will spend on buying the dropping coins of the alts cheaper.
What happens if BTC is stable and alt-season arrives? In this case all the period in which BTC kept being profitable and bought all the alts for cheap, will now start to yield when the alts (50% of your portfolio) start rising in multiples much higher than the Bitcoin multiples ever did based on market rush, Bitcoin price saturation, and mass speculation.
So I consider shockwave a strategy that tries to balance the risk to gain ratio. If someone is too greedy, they'll increase the BTC % allocation above 50% and wait for alt-season to switch to an all-alts portfolio. But there is a big risk here, what if alt-season came with a very short period of time after which BTC crashed to an all time low? By then, there will not be enough time to save your portfolio because all the multiples in alt gains will be losses. And what if you increased your BTC to a close 100% and then you missed alt-season completely?
Also in shockwave I made a 10% high market-cap coins in addition to the 50% BTC, so that at least 60% of the portfolio is guaranteed to survive harsh market conditions. I hope you enjoyed this think-tank and I'm open to all suggestions for improvements and comments.
submitted by tommy737 to CryptoCurrencies [link] [comments]

[Hiring] More varieties of the Math and Crypto characters?

A while ago I posted a commission request on this board, and did find an artist, who just recently finished that commission and made a great set of initial character illustrations for some personifications of "Math" and her daughter "Cryptography". That first commission was intentionally set to be released as public domain (CC0) such that it could serve as a possible canonical beginning for those characters.
Now that the initial project is done, I'd love to see more versions of these characters, by other artists, for whatever purposes you see fit. I'm willing to pay $25 as a small bonus to some initial artists who use those characters in your own artwork, to get the ball rolling. I know $25 isn't enough for a full commission; the intent here is that if you're already making pieces for your own use (comics, portfolio pieces, doodles, etc.), it's an extra incentive to use them as a topic to extrapolate on. Those characters are concepts that are integral to Cryptocurrencies and the Blockchain technologies underpinning them, so ideas of other props/settings to put them in would be price charts, coins/currency, piggy banks, locks, chains, and any cryptocurrency logos, if that helps get some ideas flowing.


Aside from that offer for artists just "doing their own thing" with those characters, I did have one idea for a specific scene with the character of Cryptography: A scene showing interactions with cryptocurrencies personified as humans (similar to how this cartoon does for browsers), while the character of Cryptography watches on.
The human browser personifications can take any form, though I envision for the simplest comparison, all being male chibi characters, wearing tee-shirts with the logos of the cryptocurrency they represent, sized as barely knee-high to the Cryptography character.
The idea for the scene is in the center, characters of Bitcoin (BTC) and Bitcoin Cash (BCH) wrestling and tugging on each other, with a shared speech bubble between them shouting "Bitcoin!". Off to one side, characters for Ripple (XRP) and Stellar (XLM) look on, looking slightly concerned. Litecoin (LTC) could be in there too, trying to come to Bitcoin's aid by trying to pull Bitcoin Cash off of him or some such.
On the other side, a character for Ethereum (ETH) is shyly presenting a bouquet of flowers to Cryptography (while she's looking down with an "isn't that sweet" sort of expression, either standing or kneeling near him), while the character of EOS is stalking up behind Ethereum with a knife (or other weapon) in hand, about to pounce on Ethereum.
I'd be willing to budget around $100 for such a piece. I wouldn't need any rights to it; you'd be free to publish/distribute/sell it as you see fit, after it was created. That pique anyone's interest?
submitted by clever_anaconda to HungryArtists [link] [comments]

Bitcoin price forecast, using BCG matrix

Bitcoin price forecast, using BCG matrix
BTCUSD analysis: Bitcoin forecast

Experimental analysis of BTCUSD trends by means of Boston Consulting Group matrix

Telegram channel — trading signals btc, eth, xrp
Today, I’ll go on to analyze the BTCUSD pair, as all the other altcoins depend on it.
A couple of days ago, there was quite and important fundamental event that was hardly responded by the crypto market. It is about the G20 meeting that was held in Argentina.
One of the most important agenda items was digital economy. As you know, they were discussing cryptocurrencies and the future of the crypto market. Following up on this meeting there was drafted a declaration. At first sight, it doesn’t seem to present any sensational solutions. However, the leaders of G-20 member-countries have admitted that cryptocurrencies and blockchain technology has a huge potential and its development is important for global economy. On the other hand, they have again emphasized the officials’ concern about poor regulation of the cryptocurrency market. Here, a particular emphasis is put on the risks, associated with money laundering and the development of illegal markets, as well as terrorist financing.
What does it mean?
It is a good signal for alarmists, who have been already disappointed in cryptocurrencies and dumped their deposits. Nobody will ruin the crypto market. Cryptocurrencies, as a type of investment assets will always exist in one form or another. What’s the point in killing the goose that lays golden eggs?! The hype around the crypto market turned into investors those, who had never thought about investing in any assets. Economic participation of people has sharply increased. There appeared whole industrial sector that became almost national idea for particular countries. It is far easier to legalize cryptocurrency and impose taxation, rather than to fight with the products of digital economy. The Group of 20 were discussing the issue of developing a taxation system for international digital services. It means only one thing - one way or another, the whole cryptocurrency market will be split into two parts; the first one will be completely transparent not only for users but for public authorities as well. There will be institutional investors and banks, along with corporations. There, the cryptocurrency will be completely integrated into banking services and become publicly available and user-friendly. Everything will be legalized and regulated. The second part will become a part of shadow economy and will be under continuous pressure from regulators and governmental authorities. The users of such cryptocurrencies will be automatically recognized as financiers of terrorism and accomplices in money laundering. The users of such cryptocurrencies will face potential imprisonment and international prosecution.
Even if it sounds unreal now, but if the G-20 are seriously discussing the cryptocurrency matter, I’m sure that the country leaders will join their efforts to bring this scenario into reality. So, I won’t be surprised if, in a few years, there will be another bitcoin fork that will be recognized by the Group of 20, included into gold and forex reserve and will become a new payment means; and the old bitcoin will become illegal and will be traded secretly.
But now, it is still an assumption and won’t come true in the new future.
I’d like to perform technical analysis of the current bitcoin market sentiment to find out what is going to be in the near future.
https://preview.redd.it/7jfpz6euou221.png?width=1954&format=png&auto=webp&s=ed0798ef8938d6da6be3e33392b32d20054fa5b2
In my previous analysis a week ago, I offered a long-term forecast for the next 10 months, suggesting the major target at 2000 USD to be reached around October, 2019.
I still believe that the bottom at 2000 USD looks quite justified, in terms of both fundamental and technical analysis.
This scenario can be real in fact, if bitcoin will be moving in the downward channel with a corridor of about 3000 USD. Previously, BTC could be moving faster in a few days, but in the current crypto market situation, such a narrow range looks reasonable. However, Bitcoin has never moved as it was expected by the majority of traders.
I compared in detail the current market situation with the Bitcoin drop in 2014 and noticed some regularities that I emphasized in the last forecast for bitcoin future price.

https://preview.redd.it/ut5jhcpvou221.png?width=1954&format=png&auto=webp&s=a1f0582387490922b0b9aebd34a93a8cc7703948
If you look closer, you’ll see from the chart above that the bullish trend had been speeding up since August, 2014, and reached its peak in December.
I wouldn’t try to fit this into particular dates or months, but if I try to draw a direct parallel with the Bitcoin current fall, it should start falling faster.

https://preview.redd.it/rlixmzkwou221.png?width=1954&format=png&auto=webp&s=a6086ecddee8770675fdc62dafb726f544e15bad
To better explain my idea, I suggest you look at the chart above.
Many of you are likely to be familiar with the BCG matrix, is a corporate planning tool created by Boston Consulting Group. Long story short, the matrix describes the life-cycle of a product and its position in the market.
I won’t describe it in detail here. I just had an idea to analyze the price trend like a product. A trend is traded in the market like an idea, and each trader votes for it by means of their money, supporting or opposing the idea.
Based on this assumption, a trend, like a product, will pass through four stages:
  1. Entering the market - “Problem child”
  2. Developing stage - “Star”
  3. Developed stage - “Cash cow”
  4. Recession - “Poor dog”
The stage of problem child (also known as “question mark”) is the initial step. The product is just entering the market, but consumers don’t trust it, and so, it needs a large amount of investments. I marked this stage with the yellow circle in the chart above. There are two big dumps. The financial supporters of the drop were investing quite much in their bearish trend, but the buyers didn’t trust that idea and didn’t support it. Next, the product has been accepted by buyers, whose market share was quite high in the market, as well as the rate of sales, starting next. There, comes the stage of growth, the Star!
In the given example, it is the green box that highlights the zone of the steady bearish trend. It was accepted and admitted by the market, and everybody supports the idea of Bitcoin drop. Everybody likes it and thumbs it up. The next stage is the developed stage, or Cash cow. That is when investors begin to gain the yield from their product and the investment is paying off. It the blue circle in the chart above. There, it is clear that manipulators are starting to buy out and get the cheap biotin, making up their funds spent on dumps.
A sure sign of this stage is incredibly high trade volumes.
The last stage is recession, or Poor dog. Such a dog is weak and won’t live for long. The product at this stage is not appealing or demanded. Interpreting this idea, there is a clear red circle in the chart above. Market participants don’t believe in the bearish trend any longer and don’t support the idea by their money. The funders are not interested in promoting this idea as its development costs exceed the potential profit, or it may at all generate negative cash return.
Therefore, the Bitcoin bearish trend, like a product, is leaving the market, being replaced by a different idea.
https://preview.redd.it/ppki39lxou221.png?width=1954&format=png&auto=webp&s=1edcc6d841c3d623a78ac615323620868e52a605
Drawing the same parallel with the ongoing bearish trend, you see that the Problem child stage has been already finished. Due to the strong bearish trend, this stage was lasting for a particularly long time, despite the price drop from 20 000 USD down to 6000 USD. The candlesticks clearly display strong volatility and the buyers’ resistance.
Eventually, following the long fight, market gave up and the bearish entered the stage of Star. It is clear that, due to the longtime resisting, the bulls stepped back, having lost quite much; and each crypto market participant believed in the bearish idea. The stage was developing very fast, and so, it ended quite soon. And it is clear that the BTCUSD downtrend trend is entering the Cash cow stage now.
As I’ve already said, at this stage, manipulators take an advantage of the market inertia and start “milking” the cow, as the marketing specialists call it; traders would say, trick out of hamsters’ money.
https://preview.redd.it/abdwsiizou221.png?width=1954&format=png&auto=webp&s=fa8f3648a3f2a1f755f42f6e2d2deb7c640cab95
It is clear from the 15-minute BTCUSD price chart above that there are frequent buyouts; that is investors are gaining profits from the invested cash. Currently, while weak hands are losing their positions, the whales are buying out cheap bitcoins. It will go on until it becomes clear that the idea of the Bitcoin drop has been finished, and the bears don't have any more power to press the market down.
Most likely, at this stage, manipulators will repeat the same trick and start selling the bitcoins, they’ve already bought, to create stronger panic. People are extremely nervous, and so, manipulators won’t have to dump much.
https://preview.redd.it/itl4gyr0pu221.png?width=1954&format=png&auto=webp&s=7c6943a6a2bd554f1e9e7b44db7fb599c9abe263
If you gain look at the monthly BTCUSD price chart above, you see that the next wave is likely to start in February, 2019. Based on the depth of the plunge, the level at 2000 USD is such an irresistible barrier, which many will start from. I assume that manipulators anticipate this situation and will make their final buyout not going as low as this level. In the volume profile chart, it will look like a hump that I outlined by the red ark. After that, the bearish trend will start exhausting, amid trading flat and weak attempts to draw the price up to 4000 USD. The Bitcoin downtrend will enter the stage of Poor dog.

https://preview.redd.it/n8lplvt1pu221.png?width=1954&format=png&auto=webp&s=955ff6e177191986710e731e2c5158de87b115ac
This period will be dangerous because of extremely low trade volumes, allowing the manipulators to perform various tricks and attempts to crash the market in order to buy more bitcoins at the lowest price level. There is likely to be another slide down before the bearish trend of 2018-2019 will finally end. The final drop is likely to be followed by a new idea, supporting the BTCUSD growth.
The whole cycle will start from the beginning. First, funders will heat the market up, selling the idea to hamsters. Next, supported by the market natural growth, they will launch the rocket up rather high, where they’ll start gaining cash. But that is another story; it is called Bitcoin uptrend of 2019-20??
Unfortunately, the manipulators haven’t yet finished developing their bearish trend, and we’ll have to wait.
That is my updated BTCUSD global scenario.
I wish you good luck and good profits!

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submitted by Nick_Kiros to u/Nick_Kiros [link] [comments]

Here is a transcript from the Ripple Consensus Presentation (May 22nd)

https://www.xrpchat.com/topic/5203-ripples-big-demo-and-why-you-missed-the-big-deal/?do=findComment&comment=49659
MY TRANSCRIPTION... 0:19
PATRICK GRIFFIN: All right I think we're gonna get started. There's total capacity. People at the door - there's a little room over here inside. There's chairs here - there’s chairs over here don't be shy. All right in case you don't know this, you are in “XRP In Action,” a live demo and expert Q & A.
I’m Patrick Griffin [with] David Schwartz and Stefan Thomas. We've got an hour today. We'll walk you through, we’ll do a quick round of introductions. Stefan is going to do a demo. We have a self-guided Q&A where I basically tee up some questions for these guys that will all be softballs don't worry! Then we'll turn it over to you guys to ask questions for the technical experts. Maybe we'll do it the quick round of intros, starting with Stefan:
1:07 STEFAN THOMAS: Yeah so, my name is Stefan Thomas I am CTO with Ripple. Before Ripple I was involved with BitCoin for several years and now I work on the vision and technical direction for Ripple.
1:22 DAVID SCHWARTZ: My name is David Schwartz. I'm the chief cryptographer at Ripple. I’ve been working on Ripple since 2011 and public ledger tech. Before that I was working on cryptographic messaging systems and cloud storage for government and military applications.
1:35 PATRICK GRIFFIN: I am Patrick Griffin. I’m the head of business development. I don’t know why I’m up here, but there’s our CTO and our head of cryptography, but actually I think we are the, to be honest here, I think we are the, we are the one two and three first employees of Ripple. Well, two one and three. We've been here for quite some time and it's been a long journey. So why don't we first start off with the demo and I think I'll tee it up: This is a demo that demonstrates our technical our technology start of the inter ledger protocol, moving payments in and out of XRP and Stefan will do a better job of articulating what you are about to see.
2:22 STEFAN THOMAS: All right thanks Patrick. So here we're gathered to have a quick round table on XRP. I want to go through the demo pretty quickly so we can get to the actual discussion Q&A which I thin is the meat of this session. Basically, what we're trying to do at Ripple is we're trying to make money move like information. This has been our mission since day one, and it has never changed and so we're building a number of different technologies that all integrate to make this vision a reality. And so what we think about how information actually moves I think it's really it's really this chart that captures it.
So what's happened is that the cost of moving information has really declined over the last couple decades and very strongly so. And as a result the volume of information that’s been moving has exploded. And so, very often you know, our customers will be talking to me about, you know:
Oh are you focused on corporate payments? Are you focused on consumer payments?
I think what you have to realize is that we're somewhere down here in that curve and so you know when you say like two-thirds of all payments are corporate payments you're really talking about two-thirds of almost nothing. I think what we're focused on is this growth that you can create if you increase the efficiency of the system enough.
And so the way that we're kind of approaching that is we want to streamline the way that liquidity works today. So today you have 27 trillion dollars in float sitting around the world that is essentially there to facilitate real-time payments when the underlying systems are not real time.
3:59 STEFAN THOMAS: So, for instance, I swipe my credit card somewhere there has to be an actual creditor or money available to pay that merchant if that's supposed to happen instantly if the underlying money can't move in real time. And so that's been the case ever since we were using gold and fiat currencies in order to move money internationally, but with digital assets there's actually opportunity to improve upon that and actually move real assets in real time.
So if you have something like XRP you don't need to pre-fund float all around the world. You can actually just have this digital asset and if you want to transfer value to somebody, you want to transfer value internationally, you can just transfer that asset and that moves instantly okay?
4:40 STEFAN THOMAS: So that's really the improvement. So with that I want to give you sort of a case example in a demo. This is something that already happens on blockchains today where there are money sources business that are using, businesses they're using block chain in order to move funds so they might sort of offer this as a service to small and medium businesses where if I want to let's say pay somebody in a different country I can go to one of these companies and they will move that money for me.
5:09 STEFAN THOMAS: So, in this example, we're kind of pretending that we're a publisher, we have a reporter in the field. and we’d like to pay them. And so, you know we don't really build apps, but we enable banks and other money service businesses to build apps on top of our platform. So this is kind of a mock-up that we’ve developed where, you can imagine, this would be just built into the the particular app of that company. And so I can basically pick any amount, so let’s say I want to send, say $7, and what happens is that you can see is that amount updates so what happens during that time is that we actually try to find the cheapest path from where the sender is to which are provided at the recipient uses and then once we found that cheapest path, we figure out what the exact cost is going to be, so we have that transparency upfront. What is the cost of this payment and this is all powered by the open source protocol InterLedger. Now, when I send this payment, it goes through right away. I don't have to wait for a ton of confirmations and so on.
6:11 STEFAN THOMAS: So let's talk a little bit about what is happening there in the background. So first, we basically look at the topology of the network and then we try to find a path. So say it found a path through XRP. Once we select the path, we basically send a code request to figure out what we think that cost is going to be and then we send the money through in two phases as per InterLedger Protocol, and that's enabled on XRP using a feature called escrow that we just launched earlier this year and so now XRP is it's fully InterLedger enabled.
6:50 STEFAN THOMAS: So, if we look at the kind of a cost calculation, this is kind of some fictional numbers but it's correct in terms of order of magnitude, right. So you have Bitcoin, you have Theory, we have XRP, we have Swift, and so our algorithm basically goes in and it tries to select the best option and so people often ask me like why does InterLedger help XRP? or why are you guys working on InterLedger as a completely neutral protocol when you actually have this vested interest in XRP?
7:18 STEFAN THOMAS: Well, because the reason is that XRP is right now by far the best digital asset but it's not being used as much as Bitcoin, for instance, and so in order to close that gap we want to get to a point where the selection of asset is kind of automated and you have algorithms to just pick the best one in which case, right now, XRP would get picked all the time. So that's why we have such a vested interest in just enabling more efficient selection. All right. So as you can see, it's the lowest fee right now and it’s the fastest turn right.
7:48 STEFAN THOMAS: Now, going a little bit further into the future, I was kind of talking about that huge explosion in volume and I think where that comes from is completely new user inter faces that we don't necessarily think about today. So one example would be, you have something like a publisher and a reader and a reporter and the reader is actually browsing an article and they're not having to sign up and go through a paywall in order to do that Their browser just pays them on their behalf automatically and then as a publisher I can see the money sort of coming in, in real time as users are browsing my website. And so you're basically providing the sort of metered access to your content. There's just one example. I think there's a lot of cases of APIs and other parts the industry that could benefit from micro-payments as a more granular way of transacting. So I don't have time to talk about that, but with that I hope you've got sort of a taste of both what XRP looks like today as well as what the future holds in terms of doing micro payments through payment channels, and so on, on InterLedger. So with that, I'll hand it over to Patrick to start the discussion.
9:00 PATRICK GRIFFIN: Very cool. So maybe it’s worth stepping back and also looking at our company strategy and having a conversation around what it means when we talk about an Internet of Value, which I think well this is a Silicon Valley company and for most people that doesn't mean a whole lot so maybe we can take a first stab at trying to explain what is an Internet of Value and Stefan, I’ll start with you. Actually, why don’t we start with David and give you a break.
9:24 DAVID SCHWARTZ: Yeah, so what is the Internet of Value and what are we working on? Well, the Internet has brought connectivity to billions of people around the world. They have smart phones. They have easy access to the movement of information but money is still siloed. It's still trapped in systems that don't talk to each other. Moving payments are expensive. They're slow. There's high friction. There's trillions of dollars that moves across borders and that's moved mostly by financial institutions, and we need to move that money more efficiently. We need to know where it is. We need to improve that flow.
10:02 DAVID SCHWARTZ: I don't know if any of you have made international payments or most of you have on traditional systems and you know that it's very hard to know where that money is. It’s very hard to know how much it's going to cost you ahead of time. The user experience is not great. A significant fraction of those payments fail. It takes several days. It's almost easier to ship money than it is to use our existing payment system. So we want to provide an Internet of Value where there is instant payment. Payment on demand, without failure. When you know ahead of time how much money is going to deliver. You know what path is going to take and because that transaction is set up using modern internet protocols you know ahead of time exactly what the requirements are at the destination so you don't have a failure because you didn't have the right information at the beginning.
10:45 STEFAN THOMAS: Yeah so um whenever I think of the Internet of Value, I think the number one thing that happened with the internet was that it kind of commoditized reach. So, before the Internet, if you wanted to be an online service provider like AOL or CompuServe the number one thing that you needed to have in order to be competitive is a lot of users. And if the main thing you're competing over is just having a lot of users it's very hard to get into that market for obvious reasons because you start out with zero users so how do you attract the first couple? But once you have something like the internet where all the different networks are actually tied together, suddenly the number of users you have is completely irrelevant, right? Because all of the networks are tied together you can reach all the websites, you can email all the people on the internet and so the competition has to be about something else and what does it become about? It becomes about about the efficiency of the system.
11:35: STEFAN THOMAS: And so, this fundamental transition has not happened with money yet. Like right now the the biggest consumer payment systems are things like Visa and MasterCard and they're very much competing on: We’re the biggest. We have the most merchants. We have the most customers, and so how are you going to compete with us, right? We would not even have to try to be efficient, necessarily, right? Because we're only competing with each other. It's very hard to get into that market, and so what we're trying to do with InterLedger, by creating an internet working protocol we're allowing you to go across multiple hops across multiple steps through the financial system and as a result you can tie a lot of smaller providers, a lot of smaller banks together and as a result make a system that’s much more competitive.
12:15: PATRICK GRIFFIN: I’ll just add my two cents in. I when I talk about the Internet of Value with customers it's typically the conversation on the cost and opportunities and for us you know, one of the analogies it's overused in the internet I think the Internet of Value, at least for me, is the function of bringing the marginal cost of payment processing down to as close to zero as possible. Now you can do that in one of two ways: Lower the cost of payment processing. Just for the sake of conversation these two things are 50/50. Payment processing: the messaging going between institutions and the cost of reconciling transactions as they go from one siloed network to another siloed network. Those are huge costs that the system currently bears just as a function of tracking down lost payments or fixing mistakes and broken transactions.
13:00 PATRICK GRIFFIN: Something like 12% of all international wires fail. That is an astonishing number if you come from Silicon Valley where you're typically used to five nines of reliability. The financial system isn’t working even with one nine of reliability. The other side of the equation so that it’s a processing function. We are able to achieve better processing by starting that sort of settlement layer, it’s a little bit academic, but then ultimately what our customers are buying from us today is just a payment processing capability.
13:30 PATRICK GRIFFIN: The second stool, leg of the stool, if you will, this two-legged stool, for this Internet of Value, is liquidity. And this iquidity cost is a huge component of the payments that infrastructure today. And so, when you think about the cost that you pay when you wire money internationally, it's not just processing costs and fees. Banks and financial institutions and payment processors have to cover their cost of capital. They are laying out a massive amount of cash in different overseas accounts to make sure that when you send a payment to Japan there's cash on hand in Japan to service your payment.
14:05 PATRICK GRIFFIN: The whole visual that we saw here with XRP that's really where we see there being a large opportunity to bring the liquidity costs down if you can fund your payment instantly on demand without pre-floating cash or opening up credit lines with your counter-parties you can really bring down this component of that cost so those two things together in my mind at least that's that is what really comprises the internet of value. You tackle those two things: processing and liquidity really starts to open up and level the playing field. And on leveling the playing field maybe a question back to you Stefan is and a little bit about the strategy so as we go out and roll out these new APIs for bank to bank or financial institution processing, this narrative around using the digital assets upon payment certainly there's no reason why you couldn't insert Bitcoin in there or Etherium or some other digital assets do you view this as maybe leveling the playing field for all digital assets and creating an opportunity for other digital assets to come in and basically compete for that case?
STEFAN THOMAS: 15:12 Yeah so, we definitely look at it as as a way to create more competition I think that I'm just looking at the market today, most of the digital assets out there are not really designed for enterprising spaces, right? There they're coming from a background of direct to consumer use. They're kind of designed in a way that maybe isn't always necessarily totally in line with how regulators think about the financial system and as a result it’s quite difficult for companies to use these assets, so I think maybe some of people in the room are Bitcoin entrepreneurs and so you may know some of these struggles and you know some of these difficulties of using an asset like Bitcoin. I think you know me, speaking as CTO, more from the technical side, there are definitely big differences between the different digital assets, and so if you look at things like settlement speed on Ripple you get below four seconds most of the time four seconds on average. On Bitcoin you have to wait nine minutes between just to get one confirmation.
16:14 STEFAN THOMAS: There's things like finality. On Ripple when you get one confirmation you can hundred percent trust it, it cannot get reversed because the set of validators that are known so it can't be some validator you've never heard of suddenly coming up with a different answer. Whereas on Bitcoin, there can always be a longer chain that you just haven't heard of yet so you have to wait for multiple confirmations to gain more confidence. Another difference is that you know Ripple is non-deterministic and so bitcoin is is random so what that means is that the actual delay between blocks on Ripple is pretty consistent. It's four seconds with the standard deviation of 0.8 seconds so it's almost always exactly four seconds. And so, with Bitcoin it's more variable, right? So you could have a block after a minute. You can have a block after half an hour. And so, it's much harder for businesses to kind of rely on a system that has that high variability because it increases your risk as you holding an asset.
17:12 STEFAN THOMAS: So these are just some examples of why we think that XRP is best suited for payments use cases. And I think I'll give, be giving a talk later today on on going into a bit more depth on some of these differences
17:28 DAVID SCHWARTZ: And and we're not afraid of a level playing field. As Stefan said we think we can succeed on a level playing field but also you can get people to build a level playing field. It's very hard to get other people to stand behind something that has a built-in bias in favor of one company. Twitter doesn’t, it doesn't mind the fact that the internet wasn't built for Twitter. Facebook doesn't mind. They like the fact that there's an open platform that everybody can support and use and they're willing to compete on that level playing field and if they lose on that level playing field you know, so be it, somebody else will win and the world will be a better place for it. We believe that we have the advantages today and we believe that we can get the industry behind an open standard that facilitates these types of instantaneous payments.
18:07 PATRICK GRIFFIN: So David, this is a question coming back to you. In this level playing field obviously there are digital assets can compete on different characteristics. Obviously I think that Bitcoin as scalability challenges have been I think very famous recently could you comment a little bit on Bitcoin’s recent lows some of the things that have come up around resiliency scalability and maybe draw a contrast to XRP and how XRP is working.
18:32 DAVID SCHWARTZ: Sure. I think the idea that you don't need governance. The idea that you can just have this decentralized system that magically government itself doesn't really work. The internet is a decentralized system it has governance. Bitcoin currently is experiencing a little bit of a governance failure due to with dis-alignment of incentives. Historically the minerss have had an incentive to keep the system working. Everybody needs the Bitcoin system to work, whether you hold, whether you try to do payment’s, whether you're mining. This system has to work or nobody has anything. Everybody's benefited from the value of Bitcoin going up. If you’re a miner, you want the value to go up. If you hold Bitcoin, you want the value to go up. If you're using it for payments having more liquidity and lower risk and holding bitcoins is good for you.
19:11 DAVID SCHWARTZ: So everybody's incentives were aligned. They're starting to become dis-aligned recently because miners have been getting a lot of revenue from transaction fees Miners like high transaction fees. Users obviously would prefer to pay less for their payments. People who want to use Bitcoin as a payment platform want frictionless payments and they're not getting them because of the fees. So there's been a little bit of a governance breakdown due to that misalignment of incentives and it's not clear how you resolve that. It's not really clear how the stakeholders can realign their incentives.
19:39 DAVID SCHWARTZ: I’m confident that Bitcoin will come out come through it but I think it shows that governance is important. You should understand how a system is governed whatever system it is because there is going to have to be governance. It’s not going to magically govern itself. Now Ripple, the stakeholders are the validators and the validators are sort of chosen by the other validators, so right now Ripple is obviously very big in that space. We’re the major stakeholder on the network, but the recent interest into the price increase has begun diversifying the stakeholders and so we hope to see different jurisdictions, different companies and those will be the people who will be the stakeholders and they'll make the decision if there are going to be changes in the rules behind in that market. We think that that will work better and I think if you, once you accept that there has to be governance, you really want it to be the people who are using the network. You don't want the technology to force you into having other stakeholders whose interest may be adverse to the people who just want to use the system to store value and make payments.
20:32 PATRICK GRIFFIN: So what stuff, I mean do you have anything to add just in terms of the underlying design of the systems and how they're confirming transactions? I think when you go way way way back to our company's beginning it was billed as Bitcoin 2.0. And you know we felt like there was another way you could build a decentralized digital asset without without mining. So maybe talk a little about the confirmation engine behind XRP and some of its advantages over other systems
21:04 STEFAN THOMAS: Yeah, so as I mentioned in the introduction, I was fairly involved in the in the Bitcoin community back in 2010-2011 and one of the features that I contributed to was paid to script hash as a reviewer it was one of the first people to re-implement Bitcoin and I pointed out some flaws and you know we ended up with a much better solution. And so, through that experience going through the cycle of new feature on Bitcoin, even back then when the committee was much smaller I realized that it was actually very painful to do even a uncontroversial improvement to the system and that was partly because people had a very strong tendency to be conservative which is a good thing, for any, like whenever you're modifying a live system. But there was also just like no good process for introducing changes.
22:00 STEFAN THOMAS: We had to come up with a process ad hoc. We came up with this whole voting on mining power and so on. Now, from that experience I remember going back to a wiki page on the big part of working called the hard fork wish list and I kind of looked at and is sort of the list of things other things that we wanted to do and a lot of them were in my opinion, in my humble opinion, must haves for any kind of mainstream or enterprise adoption and so I was kind of like putting numbers next to them like this would take eight months this would take 12 months this would take two years and it started to add up like I'm not going to see this get to that point if we go at this rate.
22:38 STEFAN THOMAS: And then you know Ripple approached me and they had a lot of that hard fork wish list already implemented but maybe more importantly they had a different idea on the governance structure and I think there's sort of two key differences: The first key difference is there is an entity that's actually funding the development of the asset and all the technology behind the asset. And so you know, I was looking at the Bitcoin foundation website the other day and they're currently, their most recent blog post is to promote this lawsuit in New York to try to strike down the bit license and apparently the foundation feels that it's strategically important for Bitcoin to kind of fund this lawsuit and they looked at how many people had actually donated to the donation address that they were giving and it was just over a thousand dollars basically. Almost nothing
23:31 STEFAN THOMAS: And I was thinking like well if XRP you know had any strategic issue like that there would be millions of dollars immediately that just Ripple would put behind the issue and so as a holder of the asset that's really important for me to know that, you know, there is some some entity that's actually defending it from a technical standpoint, from a legal standpoint, from a business standpoint. That makes a big difference
23:53 STEFAN THOMAS: And then the second big difference that I saw was how features and how generally the evolution of the technology is managed. So on Ripple, there's voting among the validators, which is not too dissimilar from you know the kind of mining voting that we're doing on Bitcoin. However the validators on Ripple are largely chosen by the users or they are chosen by the users. And so they're not chosen by so this algorithm or just by their virtue of being very efficient in mining. And so as David pointed out earlier, the incentives are very different. On Ripple, the incentives are you know I want the people who are appointing me to be validators to be happy with my validations because otherwise you know there's what they will stop paying me. And so you know there's a much more closely aligned incentive for the value of some Ripple to do what the actual users want to do.
24:46 DAVID SCHWARTZ: And I would add that there there are sort of vulnerabilities in both types of systems. Like with the miners, it would be a double spend. With the validators, they could simply stop validating and the network would halt, but one tremendous difference is that you know how to fix one and it's not clear how you would fix the other so if you had the miners that were being pressured, let's say by a friend in government, or they were double spending or for whatever reason they are holding transaction fees high, let's say the block size issue got to the point where it was absolutely critical and there was no ability to come up with an agreement. It's not clear how you solve that. You change the mining algorithm? Like that's the nuclear option? Nobody knows what you do. With the system on consensus it is clear what you do. You can, you can change the validators. The validators work at the pleasure of the users, the holders, the real stakeholders of the network.
25:33 DAVID SCHWARTZ: That, I think that is a fairly significant advantage once you realize how important governance is. And it's not just a handle of failure as Stefan pointed out there's going to be evolution of the system unless you think the systems are absolutely perfect today. Well bitcoin is already proven that there they're not absolutely perfect today. I can’t, I certainly wouldn't try to claim the Ripple is perfect today. We have a wish list of features too, limited by engineering time, but we have to get people to agree to implement those features and I think that's also an argument why you can't have one blockchain to rule them all. There are features that also have costs and every feature has a cost because if you have a public blockchain everybody that uses that public blockchain, at a minimum, when there's a new feature they have to do a security review and make sure that that feature doesn't create a vulnerability for them. So there's a fixed cost that's fairly high. There's a huge bug bounty on Bitcoin and on Ripple right? Billions of dollars if you could steal money on the system. So the cost to implement a feature is high. So if there's a feature that somebody really wants it would be really useful for them they're probably not going to get that's not enough to get any feature on the system, so you're going to have a diversified system of multiple block chains and multiple ledger systems of all kinds competing with each other for share. that's why I think InterLedger is important because InterLedger will permit people who use different block chains and different systems, for good reasons, to be able to make payments to each other quickly seamlessly and without the risk associated with little pays problem.
26:53 PATRICK GRIFFIN: hmm Maybe just a last question before we turn it over to the audience and you've mentioned InterLedger. Stefan is the creator of InterLedger or the chief architect of it. When you walk around the conference today, you'll see a lot of companies that have blockchain offering. So, sort of going back to 2014, now if you remember, the the terminology and the marketing was all about it's not about Bitcoin it's about the blockchain. And so now we have some sound perspective on that. What's your take on the fundamental premise of a de-centralized distributed database without a digital asset and what's the trade-offs in terms of functionality versus utility? What's your opinion given the architecture IOP.
27:42 STEFAN THOMAS: Well that's a question I could easily spend hours on, so let me try to summarize. So as you mentioned, my colleague Evan Schwartz and I, we we came up with this protocol InterLedger and that came out of actually in a couple of different work streams but one in particular I remember was I was trying to figure out how to make Ripple more scalable and I was thinking about a particular kind of scalability which is similar to what David just mentioned, which was scalability in terms of functionality not just in terms of how many transactions can you do per second. Like how do I serve very different use cases that have you know mutually conflicting trade-offs. So as I was thinking about that problem I was kind of saying well maybe you don't even have to keep that one set of global state. Maybe you can have state in different places and a lot of that is honestly just rediscovering database knowledge that we've had since the 70s. Now just looking at Jim Gray's papers and just oh yeah that works for blockchains too
28:41 STEFAN THOMAS: So we took those ideas and we combined them with ideas around from the internet from the internet background in terms of networking and the concept of internet working and so on. And so, when I look at these private blockchains type approaches I think they are doing the first of those two steps namely they're applying sort of modern data, modern database thinking or classical database thinking to blockchain but I don't think they're really applying the Internet thinking yet because they're if they're attempting to achieve interoperability just by homogeneity which does not give you that diversity of use cases and so if you want that you have to think about what are the simple stateless protocols they can actually tie these different systems together without dictating how they work internally. So I can have my private blockchains that has all these like special features and it works in this way and you can have your private box and it works in the other way but we can still talk through a neutral protocol and you know the way that we're thinking about InterLedger, we're not married to InterLedger being a thing like I'm completely happy if it's lightning or if it's something else but I think as an industry to agree on some kind of standard on that layer.
29:51 STEFAN THOMAS: I think one of the reasons that we can is because unlike a blockchain a standard is neutral you know there's no acid anyone's getting rich off of. There's no there's a lot less to agree on. The list of decisions you have to make is a lot shorter. You know my colleague Evan, he makes a point, a very good point about with InterLedger only like seven eight major decisions that you have to make in the architecture to really arrive at it and so I think we have really good reasons for each one of them and so we think that there will be a certain convergence on on one standard protocol for again not just blockchains, but like any kind of ledger.
30:26 DAVID SCHWARTZ: I just ant to add that InterLedger is completely neutral to how the ledger works internally. Any ledger that can support a very short list of very simple operations. Every banking ledger can perform those operations. Almost anything the tracks ownership of value of any kind is capable of confirming that value exists, putting that value on hold, transferring that value between two people and those are the only primitives that InterLedger builds on. It's just by the clever combination of those operations in a way that provides insurance that all of the stakeholders get out of the transaction the thing that they're supposed to get out and get back whatever they were going to put in if they don't get out what they're supposed to get out. It’s, it's astonishingly simple at the protocol level.
31:08 PATRICK GRIFFIN: Okay, with that I will turn it over to the room for questions and some Q&A Aany questions in the back?
QUESTION: Yeah, I’m kind of new to this and I just have some really basic questions. I read something recently where, Ripple was now the second most funded, or invested. Bitcoin was first, and Etherium was third. Can you tell me how you got to that position? You seem like you’re poking up about Bitcoin and how Ripple probably is more efficient and better. Then I had a second question - Where do I get a Ripple T-Shirt?
32:06 PATRICK GRIFFIN: The first question is how did, how did we get to this position we're in and does that generally capture the essence of that question and then Ripple t-shirts I'm not sure about that (Come work for us!) I will attempt to answer the first question and if you guys want to jump in. I think that is a function of one: Silicon Valley companies do one thing I think very well, they pick a lane and they go deep on it. For us, what we've been very very focused on it the use case. as a company we but we picked a long time ago to go deep on cross-border payments and in particular wholesale cross-border payments that’s financial institution to institution. It’s at the enterprise level and so when we look at digital assets today we think that there is a very very very use case around the consolidation of capital to fund payments overseas, which is exactly what we just demonstrated. Being able to transfer an asset from a server in one country to a server in another country and basically allow for payments companies to operate with much less capital deployed overseas. It's a, it's a quantifiable use case. Today there's 27 and a half trillion dollars in float in the banking system just wait sitting idly waiting for payments to arrive. That's compounded when you go to look at corporates and you look at payment service companies. So there's a very very very very very big number and I think that the recent traction that we've gotten has been an acknowledgement of the use case how it fits into our overall product offering. Ssome of the technical benefits of XRP itself and then when you look around, I mean I think that its head, you're hard-pressed to find another digital asset with as clearly articulated the use case that where the time horizon is now. I think there's lots of really exciting things going on in IOT and device-to-device payments and sort of the future some of things that I that Etherium people talk about for example, but it still feels like it's still at the horizon and I think this is being deployed today. There is a a path to commercial production and ultimately I think that's part of the reason why we're getting some traction.
34:18 DAVID SCHWARTZ: I think we also sort of crossed an important threshold. If an asset doesn't have value and it doesn't have liquidity you can't really use it even if it has the properties that are perfect for your use case simply because you can't you can't get enough of it without moving the market and I think we crossed a threshold (not the end) -
*use the link above to view the entire transcript.**
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01-15 19:23 - 'VeChain (VEN) = Sleeping Giant' (self.Bitcoin) by /u/TheProdigalS0n removed from /r/Bitcoin within 0-4min

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I'm in a closed invite-only group of crypto-investors made up of banker(s), lawyer(s), and technology expert(s) that take varying approaches to investment strategies. I tend to pick my crypto investments on a macro political-socioeconomic perspective; however, other people in the group use different gauges for their picks (e.g. chart technical analysis, best technology application, crypto Satoshi purists, etc.). I like cryptos that fit specific market needs, have strong leadership/partnerships, have followed their white paper’s road map, have the technology already rolled out or near completion (e.g. beta/trial phases), and that do not clash with fiat currencies, governments’ budgets, governments’ national security, central banks, and Wall Street. We all research and argue our picks and then when we all agree as to a single crypto we invest in same. Out of all the cryptocurrencies currently being traded, the only one I have the utmost confidence in to do extremely well in the next two to three years before the market corrects/bursts is VeChain (VEN). IOTA and XRP have already had their price spikes and will need to solve some large issues on their end to see any further major gains in my opinion (e.g. IOTA - potential security vulnerability with Tangle tech; XRP - financial institutions adopting Ripple's tech but not Ripple's XRP tokens, etc.). Both XRP and IOTA will go up further in price with new partnership announcements/agreements, but that is essentially a waiting game and is unknown at this time (although I tend to like IOTA more than XRP unless XRP makes some major inroads in implementation/adaption of its XRP token system); therefore, I like to put my money into what I think is the sure thing.
For me, VeChain (VEN) is an undervalued crypto that will significantly increase in value once they have their re-branding/re-launch event on 2/26/2018 and VEN is allowed to announce more of their partners/clients. Walton (WTC) and WaBi (WABI) are VEN’s competitors, and arguably have better tech in negligible areas; however, in my investment view, your tech doesn’t matter unless you have the partners and clients willing to push/implement your product. Think LaserDisc vs DVD, BetaMax vs. VHS, etc. In the end, it wasn't necessarily the better tech that won out, but the tech that had better partners/clients that led to mass adoption by initial users . Based on the foregoing, VEN is clearly the favorite to win out in this specialized area based solely on VEN’s partnerships/clients that we do know about: (1) PwC; (2) Renault; (3) DNV G; (4) Kuehne & Nagel; and (5) China Unicom. PwC is one of the world’s Big 4 accounting firms; however, it does much more than accounting. A significant portion of PwC’s business is consulting and there is no better partner than a Big 4 consultant to help push/market your new tech to its clients. PwC has a piece of VEN and will push for it to become the global standard in this cyrpto arena. Kuehne & Nagel is the world’s largest freight company, accounting for 10% of the world’s air and sea freight business. DNV GL is an international accredited registrar and classification company headquartered in Norway that does the bulk of the world’s classification of organic foods. China Unicom is a Chinese state-owned telecommunications operator that is the world’s third largest telecommunications company by subscription base.
You can buy VEN on Binance. I figured I'd let you know this now while it's still early to get in. Unlike XRP and IOTA, VEN's market cap is extremely low, which means that once investors find this gem it will spike and spike fast. As I write this email, VEN is currently at $5.70.
As always, enter the market at your own risk and I could be completely wrong so do not invest solely based on my advise/recommendation. I've researched this thoroughly, but feel free to research VEN yourselves. I've put a couple of links below in case you want a preliminary background into the VEN crypto.
VeChain Branding Launch Event = Feb 26th, 2018 in Singapore
Powerhouse PartneMarketer in PwC: [link]1
VeChain in a Nutshell: [link]2
'''
VeChain (VEN) = Sleeping Giant
Go1dfish undelete link
unreddit undelete link
Author: TheProdigalS0n
1: www.p**cn.*om/en/pre**-room**res*-rel*as*s/pr-1*0**7.*tml 2: https://www.youtube.com/watch?v=wH2G_44x4vw
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

Today's trade info #jasonsPatrons, great group, great info!

Posting this from the people that have signed up. It has become a kind of club now. Daily trade opinion on xrp. passing ideas back and forth, the banter is amazing, as well as the people that have joined. I am completely blown away by the response.
I have to thank the people here on Reddit. this has been a great group that have expressed thanks for me providing my analysis. One or two decided to troll, but I try to keep a positive outlook and a positive group.
Today for xrp, it has been another day of sideways action. Large sell wall at .192 keeping us pinned in the .18s most of us are holding from the .186 range. We are waiting for the next run to as close as .19 as we can get to make a sale. Looking to then take a dip to the lower .18s to get back in. Trade patterns are from .182 to .187 which fits in with my half cent methodology. If you are on the sidelines, look to get in around .1825 or .183. Look for a bump to .187 and repeat. Btc prices are also stagnant and keeping in a range. Get more info on potential trades, movement opinions, and the upcoming catalysts that can bring us over .20. I also discuss the potential hard fork with Bitcoin in November. Please check it out on twitter or www.patreon.com/riordan_85 thank you guys. and if you are a new investor that has some questions, i think you will really benefit from the wealth of information and what to look for on the charts. resistance/support lines. news on xrp and other cryptos. it will be worth it. Sorry for posting the link again. i am only doing so to try and help. the goal right now is to make trades and add as many xrps as possible before a big run up!
submitted by Riordan_85 to Ripple [link] [comments]

Part 2: Follow-up response to “The Ripple Problem”

This is my follow-up response to Adam B. Levine’s editorial The Ripple Problem. My first response is here. You can read Adam’s respond to that here. I posted a response, but it never got posted, so here it is:
I’ll respond to your post in more detail tomorrow, but I don’t really think it’s fair to categorize what I’m saying as inaccurate because you don’t agree with it.
I’m sure how else to describe statements that are factually incorrect; or are just opinions that are stated as facts.
I do not believe XRP is a viable cryptocurrency because they were created from nothing and allocated to a single company who holds the vast majority of them. That means any market price they have is an artificial price because it exists only based on the current policy of Ripple Labs.
You may not like how XRP came into being, but that’s a different issue whether or not it’s a viable cryptocurrency. BTW, your claim XRP isn’t viable because it was created from nothing is ironic, given people say this about Bitcoin constantly. Most regular people don’t see bitcoin mining as real way to create a currency.
Regarding your claim that the price of XRP is artificial, I disagree. Like any currency, it’s price is based on supply and demand, regardless of the amount being held in reserve. Apparently, the Chinese are okay with this arrangement: Ripple China’s Volume Increases by 30 million Overnight.
For example, Google trades at $1059.59 a share—is that a "real" price, even though Google executives hold tens of millions of shares—Sergey Brin holds over 27 million shares alone—that don’t trade on any exchange? This is no different than Ripple Labs holding lots of XRP at the same time XRP trades on the open market.
They have made no long term commitment to how they will behave with the massive currency reserve so their incentive will be to maximize their value by letting out as much XRP as they feel can incentivize development of the system from the people they choose to include. And indeed, I learned recently that Ripple Labs does offer and plan to continue offering “forgivable” XRP loans to preferred market participants.
From the recently released Ripple Primer:
Ripple Labs hopes to make money from XRP if the world finds the Ripple network useful and broadly adopts the protocol.
100 billion XRP was created with the Ripple protocol. Ripple Labs plans to gift 55 billion XRP to charitable organizations, users, and strategic partners in the ecosystem over time. The company will retain a portion with the hope of creating a robust and liquid marketplace in order to monetize its only asset sometime in the future.
If the Ripple network grows into a vibrant, distributed payment network, Ripple Labs will have achieved its goal, and the Ripple protocol will belong to the community as a free and open source resource.
This seems pretty clear to me. No, they don’t say over what period of time they’ll be gifting the 55 billion XRP, but that would likely be over many years.
If XRP is a Stamp, the distribution mechanism makes sense. I believe this is how David Schwartz described it to me in our interview on an early episode of LTB. If XRP is a cryptocurrency in anything beyond a technical sense (i.e. you expect it to go up dramatically in value due to adoption) than I think it’s disingenuous to call XRP a currency because it is overwhelmingly controlled by a single market participant who had no cost to acquire it and who has made no long term commitments to its distribution, while demonstrating that it has so little value to their company that they will forgive loans given in it.
Having a currency controlled by “a single market participant” doesn’t invalidate it as a currency. Many countries have much tighter controls on their currency than Ripple Labs does and they’re still currencies. And lets not get into what the US government did at the height of the financial crisis with the banks.
I’ve listed to episode 7 of LTB several times, so I’m familiar with the interview with David Schwartz. I think you missed something important there: XRP plays two different roles in the Ripple network: it’s used as a security mechanism (your “stamp” analogy) and it’s also a cryptocurrency. Again, you may not like how it’s being handled as a cryptocurrency but that doesn’t change the fact that it is one.
From the Ripple website:
XRP has real-world value. How much? That’s up to you to decide. Just like every other currency, XRP value fluctuates based on the market. You can see the value of XRP at RippleCharts or by checking out the exchange rates in Ripple’s distributed currency exchange.
The claim that XRP has “so little value to their company that they will forgive loans given in it” doesn’t make sense, given that they have 55 billion XRP to give away and it cost them virtually nothing to do so. They know that more XRP in circulation means the more utility XRP has which means the value of XRP goes up over time. And it’s the only currency in the Ripple network with no counter-party risk—no matter what, you can transact using XRP risk free, which itself has value.
I’m not "against" ripple - I’m against characterizing it as the best solution in situations where it simply is not. Ripple is infrastructure, I love that it powers Bitstamp and I love that I don’t have to care about how that happens. I wish I could comment on these issues without enflaming the systems supporters.
I would be interested in knowing in what situations Ripple doesn’t work because of some technical or other limitation. I’m less interested (and I think most readers/listeners are in this camp) in conjecture as to why you think it might not be a good fit for a particular use case.
I’m a supporter of the cryptocurrency movement; I find Ripple to be particularly interesting right now. I don’t feel that I’m being inflammatory; however, as someone who has a podcast and writes about cryptocurrencies, I’m assuming it’s important to you to impart accurate information. I’m just helping out.
submitted by alwillis to ripplers [link] [comments]

WHATS NEXT FOR BITCOIN LITECOIN and ETHEREUM? xrp Crypto price TA prediction, analysis,news, trading BITCOIN, XRP, CHAIN LINK, BAND ,ETH CHART ANALYSIS ... People About To FOMO INTO XRP Charts Show: Analyst - YouTube TIMING THE TOP for Bitcoin and the Ripple XRP PRICE CHART ... The BITCOIN Chart is at FAIR VALUE and the Ripple XRP Price Chart is Following (FOR NOW!)

The Trading segment refers to the trading of of value, fittings and machinery, steel, stainless aluminium, equipments, components, sanitary for food beverage industry, raw materials, computers, finished goods, wooden crates and pallets, and sale and marketing of agricultural waste related products. The Investment Holding segment provides management services. The Others segment offers services ... The XRP Ledger processes transactions roughly every 3-5 seconds, or whenever independent validator nodes come to a consensus on both the order and validity of XRP transactions — as opposed to proof-of-work mining like Bitcoin (BTC). Anyone can be a Ripple validator, and the list is currently made up of Ripple along with universities, financial institutions and others. Bitstamp – Buy and sell Bitcoin and Ethereum. Bitstamp.net Real-time interface to buy and sell BTC, ETH, XRP, BCH, LTC. Use advance trading tools and customize your tradeview for the ultimate trading experience. This is your gateway to the crypto universe. Ripple (XRP) prices - Nasdaq offers cryptocurrency prices & market activity data for US and global markets. A new Ripple survey is shedding light on the levels of interest in Bitcoin (BTC), Ethereum (ETH), XRP, stablecoins, and central bank digital currencies (CBDCs) among payments professionals around the world. 7 days ago / dailyhodl.com. Vietnam’s OCB joins RippleNet as ‘strategic partner’ Vietnam’s Orient Commercial Joint Stock Bank is in the news after it joined RippleNet as a strategic ...

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WHATS NEXT FOR BITCOIN LITECOIN and ETHEREUM? xrp Crypto price TA prediction, analysis,news, trading

In this video we have discussed BITCOIN next move..and we also have discussed about XRP, ETH, CHAIN LINK, BAND chart. Timestamps: 0:00 Intro 0:18 Btc update ... When we look into the past of the XRP char to see how we could have predicted the tops, I have noticed that this could have applied to other altcoins as well... In this video I discuss the XRP price chart, BTC price chart, and various other crypto and altcoin price charts. Let’s do it live! Hi, I am the Blockchain Ba... Visit http://www.BCBacker.com and enroll in the Blockchain Backer’s Exit Plan Strategy to Cryptocurrency course for charting tips and tricks, best practices,... We look at Bitcoin Ethereum XRP Chainlink and other charts in this show. Its been three years since the drama of the USAF and the hardfork of BCH. In this show we look at where Bitcoin is at with ...

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