Ravencoin will be featured in my first official newsletter. Anything I should add?
I run a short weekly newsletter recommending lower cap coins for people to take a look at. (If you're interested you can check out The Weekly Coin here, but honestly no pressure!) Tl;dr: I've been in this space for over half a decade as a investor and dApp developer. I've amassed email addresses of people looking for recommendations on good low cap coins to take a look at. It started out with my brother then my Dad and grew from there. Instead of BCCing everyone I've now created an official newsletter and Ravencoin will be my first official recommendation. As this is my first official newsletter (I'm a bit nervous 😬) I wanted to make sure I consulted with Ravencoin to make sure I touch on the most important points. Here is the newsletter:
It's no surprise that Ravencoin is the first cryptocurrency I'd pick, it's a coin that many people have been raving about. I'll see myself out. "Ravencoin (RVN) is an open source, fairly mined proof of work (POW) project focused on enabling users to issue assets and securities on a secure and decentralized blockchain. Cypher punk philosophy. No ICO. No pre-mine. No masternodes." — Ravencoin Ravencoin is decentralized meaning there is no owner or CEO, their Github is very active and the core team is funded by Medici Ventures which is a subsidiary of Overstock.com. Ravencoin is a cryptocurrency that does one thing and does it well. Overview - CoinMarketCap Rank: 44 - Current Price: $0.026592 - Market Cap: $149,809,826 - Max Supply: 21,000,000,000 RVN - Where to buy RVN: DigiFinex, Binance, Upbit, CoinEx Development Frequency: Very Active averaging 1000 commits a year. Currently 5 issues are open and 586 issues are closed. If Bitcoin is for money Ravencoin is for tokenizing assets. Many coins tout getting it right but it seems as though Ravencoin has gotten it right. I'll be watching Ravencoin and I'm very interested in what they bring to the table.
Anything I should add or subtract? Let me know what you guys think!
Will there be another 2017-like crypto pump ever gonna happen again? My rant on the future of crypto, ICOs, and 2018
Background I've been getting several messages lately inquiring about my old post from which I borrowed $30k to buy ETH back in May: https://np.reddit.com/ethtradecomments/68oshw/just_borrowed_30k_to_buy_eth_stay_tuned_for_the/ I started typing a long response to someone who asked me whether he thinks there's gonna be another opportunity like ETH in the future (from which I made over 100X returns, buying most between $10 and $100, and cashing out 90% at $1000-$1200)...and I realized I typed so much info that it could be worthwhile to share it with the community. Before I start my rant though... about the loan I had taken out at the time: don't ever invest in more than you're willing to lose. Opportunities will always come, in one way or another. Today is crypto, yesterday was flipping houses, before that was penny and internet stocks. But from a crypto standpoint, opportunities in this field are gonna be more rare. Bitcoin, ETH, and other large caps coins are probably done for for a while -- they'll go up in the long run but I don't think we'll see another new parabolic rise of 1000+% gains for a long while. People switched to ICOs after seeing some of the 3-10X gains, but the wild west of unregulated ICOs is starting to lose steam, mostly due to regulatory barriers. Identifying Fundamental Disruptions I invested in ETH first at $10 and buying all the way up to $100 (the $30k loan got me ETH at $80 each), and while others were selling for 2x flips, I was able to hold it all the way to $1000+. I think this is important to mention in the context of this post because of the necessity to realize the long-term disruption that lays ahead. At the time, I realized that ETH was about to give altcoins/tokens the ability to be speculated on due to their direct utility association in a tech startup's main business mechanism. I firmly believed that ETH should be worth at nearly as much as, if not at least, BTC in market cap because of this. Prior to ETH, it was just Bitcoins and then all clones/shitcoins. ETH gave rise to ICOs and speculative coins that could be assigned potential business value to it, thereby making crypto markets what it is today. Frankly, the entire crypto market owes ETH, and respectfully BTC of course, for what is today. Note though: I rolled the dice big for ETH, but even my $30k investment at the time was only about a quarter of my savings at the time. So again, don't invest in more than you are willing to lose or sleep soundly at night. The Future: Increasing Regulation Anyway, turning to the future. Here's what I think is going to happen. SEC is going shutdown alot of ICOs; they are really cracking down on ICOs claiming to be utilities, even if disguised through airdrops or SAFTs. In fact, just today's WSJ news said SEC issued subpoenas to multiple ICOs and have taken interest in SAFTs for so-called utility tokens. Just like the dot-com bubble, 90%+ of these previous ICOs are gonna tank and fail. We're gonna see a massive correction probably later in 2018, when roadmaps with major expected milestones start missing their deadlines, and a domino effect happens when SEC starts really flexing their muscle and forcing exchanges to go into delisting mode (we already are starting to see this with Bittrex). But a Hidden Opportunity So about looking for another crypto pump opportunity.... When the culling happens, the survivors are gonna be as follows. Look for US-based ICOs that have been SEC-compliant from the outset, or at least making a strong effort to do so. Having a legal advisor or team member will be big this year. Don't be afraid of lockups or holding periods if it's for the purpose of being SEC compliant (signs are mentions of Reg CF, Reg D, Reg S, and Reg A+ offerings... you could google these keywords with their company name to see if they have a filing record in SEC's database). See if these ICOs and team leaders had a successful and profitable business in the past, or at least spun out of a profitable company. Also, there's way too much bullshit with partnerships, many which are fake or with useless no/name companies. Next, a lot of these open ecosystem platforms rely on partner companies to attract customers -- but why would companies join when there are no customers, and vice versa. It's all bullshit and often pump and dump shilling. What you want is a closed ecosystem (think Apple iOS) to help consumers navigate the business model. An open ecosystem where customers have to attach their own crypto wallet, blah blah blah, yay decentralization, yeah... well that's all never gonna see mass adoption (think Linux... some hardcore advocates exist, but what layperson actually wants to operate command lines or deep menus all day long and accidentally break their system with one wrong syntax). Look how successful Coinbase has become by simplifying crap. Too much shit is focused on the crypto side and it's like a foreign language to mainstream customers who won't touch it with a ten foot pole. Look for ICOs that are consumer focused rather just have solely an ICO page. It's particularly appealing if they have a self-directing strategy in the form of a tangible product they can sell to generate data or transactions in their ecosystem, which would naturally attract additional customers/companies into their platform. Examples:
https://www.epigencare.com/ico - Selling a 23andMe-like skincare test to generate skincare profiles, then seeing how product ingredients affect the profiles. Then skincare companies can target their products to customer profiles through their recommendation engine, and present them as personalized solutions in the customer's test report.
https://holo.host/ico/ - Creating a new blockchain 3.0 that allows you store full websites and databases directly on the blockchain (instead of just transaction data), in order to allow decentralized hosting via peer-to-peer internet. They're selling small server boxes or software so you get paid crypto for cloud hosting (and apps and sites needing hosting pay the hosts).
These companies with revolutionary ideas, who are making an effort to be legally compliant and also have a tangible product, are the ones that are gonna survive the mass culling of alts and ICOs later this year. If we ever get our first ICO unicorn (from revenue, not pumped market cap of their token), then it will bring truly mainstream recognition of the crypto markets that will give the traditional stock markets a serious run for their money. I'm not talking about less than 1% of the $70 trillion stock market value of the world -- I'm talking like double digit levels of the entire global stock market. And I bet you it will happen. This is the sorting-out phase of the future -- a shift from old world Wall Street-type money to Silicon Valley. Crypto allows direct investments into technology startups, and tokenization of the actual business transaction mechanism cuts down all the traditional valuation crap dealing with public relations and whatever meta valuation factors. If the business is making sales, then the token is worth something, and that's all that matters. If the business is losing sales, then the token is worth less. Straightforward. When All The Puzzle Pieces Fit Together Two more things to note. First: If ETH successfully pulls off scaling through sharding/raiden and drastically reduces gas fees through proof of stake, then it will be fit for enterprise use. ETH's stress tested blockchain with upgrades will facilitate real world adoption (Most of these ERC20 platforms are currently not fit for real adoption due to high gas fees and low TPS). Otherwise, consider hedging into alternative smart contract-, high volume-, low cost-capable platforms with implementation documentation (e.g., Stellar) to potentially get some good gains. Second: A lot of these current crypto exchanges are not registered ATS's (alternative trading systems) that are permitted to trade securities by the SEC, so they can only trade utilities. But SEC is cracking down on these fake-utilities and are deeming them all securities... that's gonna leave these exchanges in the dust. So we're seeing big companies entering this space, Overstock building tZero, Circle/Goldman Sachs acquiring Polo, Cobinhood, etc. They are prepping for ATS compliance, and when legal tokenized securities become tradeable, they will be traded on these platforms... not hot messes like Binance. And they will be user friendly -- gateways for mainstream to invest directly in the tokenized assets of a company's core business model. It's all culminating to the survival of legit companies, mainstream adoption, and these are your clues. Enjoy trading shitcoins while they last, but don't get caught with your pants down bagholding them. Rant over. TL;DR Look for coins based on fundamentals and legal compliance so they will survive the massive culling in late 2018 when roadmaps don't meet milestone deadlines Edit: Grammar, and Readability
News by Altcoin Buzz: David Abel Peer-to-peer blockchain platform, Ravencoin, has announced plans to release a Raven membership coin via its twitter handle. The new Ravencoin membership tokens will purportedly bring along incredible features. Firstly, “the tokens can be sent ONLY ONCE.” Therefore, users can be confident that the wallet belongs to the same person.
Project Raven / RVN / [email protected]1) The new membership tokens coming live in Ravencoin soon are able to do some powerful stuff:The tokens can be sent ONLY ONCE — this means the sender can have confidence that the wallet is the same person they sent toThis has huge possibilities for both regulated use cases7410:30 PM — Sep 22, 2019Twitter Ads info and privacy
33 people are talking about this Accordingly, this brings huge possibilities for both regulated use cases, like AML / KYC. Thus, a company can create a membership or trading network for people the issuer wants in a network.
Project Raven / RVN / [email protected]· 19h1) The new membership tokens coming live in Ravencoin soon are able to do some powerful stuff:The tokens can be sent ONLY ONCE — this means the sender can have confidence that the wallet is the same person they sent toThis has huge possibilities for both regulated use casesProject Raven / RVN / [email protected]2) such as AML / KYC — where a company can create a membership or trading network for people the issuer wants in a networkAnd also for non regulated and more cypherpunk use cases which need true censorship resistance — such as a group of activists or dissidents3510:30 PM — Sep 22, 2019Twitter Ads info and privacy
See Project Raven / RVN / Ravencoin’s other Tweets Non-regulated and more cypherpunk use cases are another type. They reportedly need true censorship resistance like a group of activists or dissidents.
Project Raven / RVN / [email protected]· 19hReplying to @Ravencoin2) such as AML / KYC — where a company can create a membership or trading network for people the issuer wants in a networkAnd also for non regulated and more cypherpunk use cases which need true censorship resistance — such as a group of activists or dissidentsProject Raven / RVN / [email protected]3) RVN assets can be set up to only allow transfer to those wallets who hold the membership tokenCombine this with IPFS and messaging and we have a robust and powerful network for sending files, documents, securities or other items of value on an open and strong network /4810:30 PM — Sep 22, 2019Twitter Ads info and privacy
15 people are talking about this Secondly, existing membership tokens wallets are the restricted receivers of the RVN assets. Consequently, when combined with IPFS and messaging it gives users a robust and powerful network for sending files, documents, securities or other items of value on an open and strong network. The news brought about positive comments from the followers. For instance, Bruce Fenton said: “That’s a real thing! Coming soon.” Concurrently, James McCue wrote: “I want the membership token that lets me stay at @brucefenton’s house! I love this project… if only I got my shit together and studied more. Tough with a fulltime gig”. For new readers, you can find out more about Ravencoin here. Ravencoin partnerships Since its inception, the coin has joined forces with several big players. In June, Ravencoin was listed by Binance’s official non-custodial wallet app, Trust Wallet. Before then, the Raven Protocol team announced it would be joining the top crypto platform Binance Chain to exploit the full potential of Artificial Intelligence. Last month, cryptocurrency platform tZERO announced its support for Ravencoin. Thus, adding it to the list of cryptocurrencies supported by its wallet and mobile trading app. Ravencoin (RVN) is a small cryptocurrency. The CEO of Overstock started it when he invested millions into its development. The coin was created about 7 years ago and is a fork of Bitcoin. The platform enables tokenized P2P asset transfers on the blockchain. The RVN tokens can be used to create fungible or nonfungible digital assets, as well as non-asset-based tokens like the VOTE.
_(This week’s Ledger newsletter is by David Z. Morris)_The crypto industry can be roughly divided into two groups. On the one hand, there are “crypto native” companies creating new things from scratch (think Binance or Brave). On the other hand are existing operations trying to use blockchain tech to get a further edge (think ICE’s Bakkt or Facebook’s Libra). And then there was Patrick Byrne, who had a foot in both worlds—sometimes uncomfortably. The CEO for two decades of e-commerce pioneer Overstock.com, Byrne became a vocal crypto proponent around five years ago, and has worked since then to position the company as a blockchain leader. Overstock was the first major online retailer to take payments in Bitcoin, starting in early 2014. The same year, Byrne began work on “tzero,” a blockchain-based alternative to traditional securities exchanges. Then he founded Medici Ventures, a venture fund and incubator that houses 18 blockchain startups within Overstock. And now, it appears, he’s gone. Byrne resigned suddenly as CEO of Overstock last Thursday, after mounting controversy surrounding his past romantic relationship with alleged Russian agent Maria Butina. Butina is now serving an 18 month prison sentence for conspiring to promote Russian interests through conservative U.S. political groups. Byrne’s statements on the matter have been vague and conspiratorial, including references to the “Deep State” and “Men in Black” who Byrne says drew him into “certain government matters.” He subsequently made detailed claims that the FBI directly encouraged his relationship with Butina circa 2016 as part of an investigation into Russian activities (claims dismissed by then-FBI director James Comey). Byrne says he’s resigning because these entanglements “may affect and complicate all manner of business relationships,” and that he’ll be “disappearing for some time.” This is the sort of weirdness you’d expect from the wild-west world of crypto-natives, not a public company valued at more than $1 billion as recently as a year ago. But Byrne was known as a bit of a loose cannon well before Bitcoin was invented, most notably for his aggressive (and also frequently conspiratorial) campaign against naked short sellers. (You can read _Fortune’s_coverage of those battles here.) This very enjoyable profile from Forbes dives into Byrne’s privileged and unconventional background—he has a PhD in philosophy from Stanford, and is apparently close friends with Warren Buffet through Byrne’s father. It also paints Byrne as easily distractable, and Overstock’s blockchain ventures as a boondoggle that’s destroying a once-profitable company. The boondoggle part might wind up coming true, but if Overstock’s blockchain efforts are a risky bet, they’re anything but a lark. I spent some time at the company’s headquarters in Salt Lake City this past spring, and with Medici, Byrne has built a team that’s both technically savvy and fairly unified in its deeply-held crypto-native worldview. Most notably, Medici is a hotbed of thoughtful skepticism towards government, with managers and coders ranging from left-wing anarchists to free-market libertarians. There are even signs that Overstock’s presence is helping turn Salt Lake City into a blockchain hub with its own unique feel—for instance, the Off Chain conference there caters to the overlap between crypto, firearms, and “prepping.” Byrne himself often described his worldview in libertarian terms, and he’ll be succeeded by Jonathan Johnson, who shares much of Byrne’s outlook on both politics and blockchain. Johnson is currently head of the Medici unit, and he’ll shoulder Byrne’s CEO duties on an interim basis. He’s a steady, composed counterpoint to Byrne’s swashbuckling verve, as well as a thoughtful strategist. Most significantly, his rise to the head job, even if temporary, signals that Overstock intends to stick with its blockchain bets. The question now is whether some of those bets hit before Overstock’s retail revenues fade. One final note: We’re running lean here at The Ledger this month, in part because Jeff Roberts is on book leave (look for his cryptocurrency magnum opus from Audible soon). That’s why they handed the reins over to me, the new guy. I recently joined the Fortune team from BreakerMag, a now defunct but much-loved blockchain-focused publication. In addition to reporting on the world of digital assets and decentralized technologies, I’ll be writing about A.I., Tesla, and other techie matters. I’ll also be authoring this newsletter every once in a while—hopefully, from here on out, with a header that actually has my name on it.Glad to know you. David Z. Morris |@davidzmorris| [email protected] * More Details Here
Cryptocurrencies are mixed as Overstock.com launches tZero token platform
Crypto Market Recap
Cryptocurrency prices are broadly mixed this afternoon with the price of Bitcoin (BTC) up 0.09% in the last 24 hours to USD$3,594.75. Binance Coin (BNB) is posting the largest gains among major cryptocurrencies, up 3.25% in the last 24 hours to USD$6.70. IOTA (MIOTA), meanwhile, is down the most among major cryptocurrencies, falling 1.06% over the last 24 hours to USD$0.291356. BNB flipped MIOTA to become the 12th largest cryptocurrency by market capitalization as a result of the coins’ respective gains and losses.
Crypto Developments in Financial Services
Overstock, a US e-commerce giant who is transitioning business practices into the blockchain and crypto industry, has launched live secondary trading of itstZEROtokens, as per a press release Thursday. Secondary trading of tZERO is available only to accredited investors through a digital securities account at Dinosaur Financial Group, who will act as a broker-dealer. CEO of tZERO, Saum Noursalehi, said on the token launch, “The world of security tokens has lacked a regulated venue for secondary trading. The trading of our own security tokens is the cross of the Rubicon for the new world of digital assets. This will create liquidity, democratize access, bring transparency and efficiency to global markets, and accelerate the adoption of security tokens.”
Major US-based cryptocurrency exchange and wallet service Coinbase has announced the addition of services to enable users in the US to claim crypto trades on their taxes. In addition to an extensive crypto tax educational guide, Coinbase also added integration with popular tax software TurboTax on its platform. Coinbase aims to add clarity for its users regarding cryptocurrency transactions and their tax requirements with the launch of its new services.
Crypto Regulatory Environment
Elizabeth Rossiello, the CEO and founder of African blockchain startup BitPesa, has been appointed by the World Economic Forum (WEF) to serve as one of two co-chairs of the Global Blockchain Council, as per an official press release. According to reports, Rossiello has been working with industry experts and the Global Blockchain Council’s thirty members at the WEF Annual Meeting in Davos, Switzerland to determine the agenda and priorities of the council. As per the press release, the Global Blockchain Council was established, “to shape a global technological policy and corporate governance agency,” in the fields of cybersecurity and blockchain.
General Crypto News
Aetna, a US-based health insurance giant, is partnering with IBM to develop a blockchain platform for the healthcare industry, according to a Reuters report Thursday. Aetna and IBM also issued a joint statement specifying that the blockchain platform will be tailored to streamline insurance claims processing and payments. Other notable US companies, including PNC Bank, Health Care Service Corporation, and Anthem Inc. Have also joined the blockchain initiative.
A new survey published by the Global Blockchain Business Council, a global trade association, finds that 40% of institutional investors believe blockchain could be the most important innovation since the Internet. The survey questioned 71 investors with the results being revealed at the World Economic Forum in Davos, Switzerland. 38% of those surveyed also believe that firms will need to reveal their approach to blockchain technology within the next five years.
For the video: https://www.uptrennd.com/post-detail/this-week-in-crypto-the-essentials-january-20th-27th~MzQ5OQ 1) Overstock launched tZero live: -Brief overview of Overstock: -Overstock is a two decade old online retail company, similar to amazon, that did 1.75B in revenue in 2017. -In November, they announced they are selling their entire retail branch this february and going all in on blockchain. -This week they launched Tzero live. Their share price has gone up from 13.60 to 18.38 in 10 days -Providing liquidity for traditionally illiquid assets - real estate $217 trillion total. The total value of all the gold ever mined is approximately US $6 trillion. -New and improved stock market. Now everything traded on traditional stock markets can be traded 24/7 on a global network. -Cheaper and faster to STO than to IPO -Market cap 590M 2) BTC volume on Local Bitcoins steadily on the rise -Argentina, Colombia, Peru, Chile, Venezuela -Bitcoin is both becoming a tangible currency, and is here to stay. -Short term price action is far less relevant than charts that show long-term adoption and usage. Sustainable price appreciation follows long-term adoption and that's exactly what we are seeing. -The world is migrating toward plan ₿. 3) Binance OTC counter launched, - Binance OTC is going crypto to crypto for orders over 20BTC - Will not influence the order books 4) Binance Chain launching soon -Cheaper and faster than Ethereum - Will not support smart conrtracts right away - If it's only for the issuance of tokens, it makes sense to use Binance chain “If you’re only using ERC20 as a token, there’s no real reason for you to stay on Ethereum. Whereas on Binance Chain, you get one-second transaction confirmations. One confirmation is final. So it’s a much faster chain and the transaction fees are cheaper. So there’s a lot of advantages for them to move to Binance Chain, which uses a native DEX.” - CZ 5) Binance DEX launching soon - DEX's are faster, cheaper, more secure, less vulnerable to attacks, and anonymous “We do want to build five to ten fiat onramps around different parts of the world, hopefully spreading out from different continents… We want to help the industry grow and the crypto market.” - CZ 6) Samsung Galaxy s10 built-in crypto wallet -The wallet will allow users to create a new wallet from scratch or import an existing wallet to transfer funds. - Users will have full control over their private keys and crypto funds. - From the leaked pictures, it’s evident that the wallet supports Ethereum (ETH), but it doesn’t show any other cryptos. - The Samsung Blockchain KeyStore also includes a hot crypto wallet for viewing account information, transfers and transaction history. - Samsung holds a smartphone market share of 21% worldwide. In 2017, the firm sold 317 million smartphones. - The new phone version of Samsung is not scheduled to hit markets until May of this year. 7) President of Venezuala denied withdrawal to withdraw his own gold from European bank - " Not your bank, not your gold ... not your keys, not your crypto" For the video: https://www.uptrennd.com/post-detail/this-week-in-crypto-the-essentials-january-20th-27th~MzQ5OQ
For the video: https://www.uptrennd.com/post-detail/this-week-in-crypto-the-essentials-january-20th-27th~MzQ5OQ 1) Overstock launched tZero live: -Brief overview of Overstock: -Overstock is a two decade old online retail company, similar to amazon, that did 1.75B in revenue in 2017. -In November, they announced they are selling their entire retail branch this february and going all in on blockchain. -This week they launched Tzero live. Their share price has gone up from 13.60 to 18.38 in 10 days -Providing liquidity for traditionally illiquid assets - real estate $217 trillion total. The total value of all the gold ever mined is approximately US $6 trillion. -New and improved stock market. Now everything traded on traditional stock markets can be traded 24/7 on a global network. -Cheaper and faster to STO than to IPO -Market cap 590M 2) BTC volume on Local Bitcoins steadily on the rise -Argentina, Colombia, Peru, Chile, Venezuela -Bitcoin is both becoming a tangible currency, and is here to stay. -Short term price action is far less relevant than charts that show long-term adoption and usage. Sustainable price appreciation follows long-term adoption and that's exactly what we are seeing. -The world is migrating toward plan ₿. 3) Binance OTC counter launched, - Binance OTC is going crypto to crypto for orders over 20BTC - Will not influence the order books 4) Binance Chain launching soon -Cheaper and faster than Ethereum - Will not support smart conrtracts right away - If it's only for the issuance of tokens, it makes sense to use Binance chain “If you’re only using ERC20 as a token, there’s no real reason for you to stay on Ethereum. Whereas on Binance Chain, you get one-second transaction confirmations. One confirmation is final. So it’s a much faster chain and the transaction fees are cheaper. So there’s a lot of advantages for them to move to Binance Chain, which uses a native DEX.” - CZ 5) Binance DEX launching soon - DEX's are faster, cheaper, more secure, less vulnerable to attacks, and anonymous “We do want to build five to ten fiat onramps around different parts of the world, hopefully spreading out from different continents… We want to help the industry grow and the crypto market.” - CZ 6) Samsung Galaxy s10 built-in crypto wallet -The wallet will allow users to create a new wallet from scratch or import an existing wallet to transfer funds. - Users will have full control over their private keys and crypto funds. - From the leaked pictures, it’s evident that the wallet supports Ethereum (ETH), but it doesn’t show any other cryptos. - The Samsung Blockchain KeyStore also includes a hot crypto wallet for viewing account information, transfers and transaction history. - Samsung holds a smartphone market share of 21% worldwide. In 2017, the firm sold 317 million smartphones. - The new phone version of Samsung is not scheduled to hit markets until May of this year. 7) President of Venezuala denied withdrawal to withdraw his own gold from European bank - " Not your bank, not your gold ... not your keys, not your crypto" For the video: https://www.uptrennd.com/post-detail/this-week-in-crypto-the-essentials-january-20th-27th~MzQ5OQ
[uncensored-r/CryptoCurrency] Will there be another 2017-like crypto pump ever gonna happen again? My rant on the future of cry...
The following post by slickguy is being replicated because some comments within the post(but not the post itself) have been openly removed. The original post can be found(in censored form) at this link: np.reddit.com/ CryptoCurrency/comments/812fmy The original post's content was as follows:
Background I've been getting several messages lately inquiring about my old post from which I borrowed $30k to buy ETH back in May: https://np.reddit.com/ethtradecomments/68oshw/just_borrowed_30k_to_buy_eth_stay_tuned_for_the/ I started typing a long response to someone who asked me whether he thinks there's gonna be another opportunity like ETH in the future (from which I made over 100X returns, buying most between $10 and $100, and cashing out 90% at $1000-$1200)...and I realized I typed so much info that it could be worthwhile to share it with the community. Before I start my rant though... about the loan I had taken out at the time: don't ever invest in more than you're willing to lose. Opportunities will always come, in one way or another. Today is crypto, yesterday was flipping houses, before that was penny and internet stocks. But from a crypto standpoint, opportunities in this field are gonna be more rare. Bitcoin, ETH, and other large caps coins are probably done for for a while -- they'll go up in the long run but I don't think we'll see another new parabolic rise of 1000+% gains for a long while. People switched to ICOs after seeing some of the 3-10X gains, but the wild west of unregulated ICOs is starting to lose steam, mostly due to regulatory barriers. Identifying Fundamental Disruptions I invested in ETH first at $10 and buying all the way up to $100 (the $30k loan got me ETH at $80 each), and while others were selling for 2x flips, I was able to hold it all the way to $1000+. I think this is important to mention in the context of this post because of the necessity to realize the long-term disruption that lays ahead. At the time, I realized that ETH was about to give altcoins/tokens the ability to be speculated on due to their direct utility association in a tech startup's main business mechanism. I firmly believed that ETH should be worth at nearly as much as, if not at least, BTC in market cap because of this. Prior to ETH, it was just Bitcoins and then all clones/shitcoins. ETH gave rise to ICOs and speculative coins that could be assigned potential business value to it, thereby making crypto markets what it is today. Frankly, the entire crypto market owes ETH, and respectfully BTC of course, for what is today. Note though: I rolled the dice big for ETH, but even my $30k investment at the time was only about a quarter of my savings at the time. So again, don't invest in more than you are willing to lose or sleep soundly at night. The Future: Increasing Regulation Anyway, turning to the future. Here's what I think is going to happen. SEC is going shutdown alot of ICOs; they are really cracking down on ICOs claiming to be utilities, even if disguised through airdrops or SAFTs. In fact, just today's WSJ news said SEC issued subpoenas to multiple ICOs and have taken interest in SAFTs for so-called utility tokens. Just like the dot-com bubble, 90%+ of these previous ICOs are gonna tank and fail. We're gonna see a massive correction probably later in 2018, when roadmaps with major expected milestones start missing their deadlines, and a domino effect happens when SEC starts really flexing their muscle and forcing exchanges to go into delisting mode (we already are starting to see this with Bittrex). But a Hidden Opportunity So about looking for another crypto pump opportunity.... When the culling happens, the survivors are gonna be as follows. Look for US-based ICOs that have been SEC-compliant from the outset, or at least making a strong effort to do so. Having a legal advisor or team member will be big this year. Don't be afraid of lockups or holding periods if it's for the purpose of being SEC compliant (signs are mentions of Reg CF, Reg D, Reg S, and Reg A+ offerings... you could google these keywords with their company name to see if they have a filing record in SEC's database). See if these ICOs and team leaders had a successful and profitable business in the past, or at least spun out of a profitable company. Also, there's way too much bullshit with partnerships, many which are fake or with useless no/name companies. Next, a lot of these open ecosystem platforms rely on partner companies to attract customers -- but why would companies join when there are no customers, and vice versa. It's all bullshit and often pump and dump shilling. What you want is a closed ecosystem (think Apple iOS) to help consumers navigate the business model. An open ecosystem where customers have to attach their own crypto wallet, blah blah blah, yay decentralization, yeah... well that's all never gonna see mass adoption (think Linux... some hardcore advocates exist, but what layperson actually wants to operate command lines or deep menus all day long and accidentally break their system with one wrong syntax). Look how successful Coinbase has become by simplifying crap. Too much shit is focused on the crypto side and it's like a foreign language to mainstream customers who won't touch it with a ten foot pole. Look for ICOs that are consumer focused rather just have solely an ICO page. It's particularly appealing if they have a self-directing strategy in the form of a tangible product they can sell to generate data or transactions in their ecosystem, which would naturally attract additional customers/companies into their platform. Examples:
https://www.epigencare.com/ico - Selling a 23andMe-like skincare test to generate skincare profiles, then seeing how product ingredients affect the profiles. Then skincare companies can target their products to customer profiles through their recommendation engine, and present them as personalized solutions in the customer's test report.
https://holo.host/ico/ - Creating a new blockchain 3.0 that allows you store full websites and databases directly on the blockchain (instead of just transaction data), in order to allow decentralized hosting via peer-to-peer internet. They're selling small server boxes or software so you get paid crypto for cloud hosting (and apps and sites needing hosting pay the hosts).
These companies with revolutionary ideas, who are making an effort to be legally compliant and also have a tangible product, are the ones that are gonna survive the mass culling of alts and ICOs later this year. If we ever get our first ICO unicorn (from revenue, not pumped market cap of their token), then it will bring truly mainstream recognition of the crypto markets that will give the traditional stock markets a serious run for their money. I'm not talking about less than 1% of the $70 trillion stock market value of the world -- I'm talking like double digit levels of the entire global stock market. And I bet you it will happen. This is the sorting-out phase of the future -- a shift from old world Wall Street-type money to Silicon Valley. Crypto allows direct investments into technology startups, and tokenization of the actual business transaction mechanism cuts down all the traditional valuation crap dealing with public relations and whatever meta valuation factors. If the business is making sales, then the token is worth something, and that's all that matters. If the business is losing sales, then the token is worth less. Straightforward. When All The Puzzle Pieces Fit Together Two more things to note. First: If ETH successfully pulls off scaling through sharding/raiden and drastically reduces gas fees through proof of stake, then it will be fit for enterprise use. ETH's stress tested blockchain with upgrades will facilitate real world adoption (Most of these ERC20 platforms are currently not fit for real adoption due to high gas fees and low TPS). Otherwise, consider hedging into alternative smart contract-, high volume-, low cost-capable platforms with implementation documentation (e.g., Stellar) to potentially get some good gains. Second: A lot of these current crypto exchanges are not registered ATS's (alternative trading systems) that are permitted to trade securities by the SEC, so they can only trade utilities. But SEC is cracking down on these fake-utilities and are deeming them all securities... that's gonna leave these exchanges in the dust. So we're seeing big companies entering this space, Overstock building tZero, Circle/Goldman Sachs acquiring Polo, Cobinhood, etc. They are prepping for ATS compliance, and when legal tokenized securities become tradeable, they will be traded on these platforms... not hot messes like Binance. And they will be user friendly -- gateways for mainstream to invest directly in the tokenized assets of a company's core business model. It's all culminating to the survival of legit companies, mainstream adoption, and these are your clues. Enjoy trading shitcoins while they last, but don't get caught with your pants down bagholding them. Rant over. TL;DR Look for coins based on fundamentals and legal compliance so they will survive the massive culling in late 2018 when roadmaps don't meet milestone deadlines Edit: Grammar, and Readability
Ethereum just processed 0.46% of Visa's total tx per day. And it did so without Ethereum Dapps using scaling solutions. (625 points, 78 comments)
Perspective: It seems many are currently unaware that ETH will have a lower inflation rate than BTC (and BTC-Forks) come Proof of Stake & beyond. (525 points, 136 comments)
Today, Ethereum has processed 50% more txs than BTC. Ethereum currently has 17 pending TX and BTC has 45k. It takes $0.006 to move Ether in less than 20 seconds. (1411 points, 282 comments)
Visa, IBM, Microsoft and USAA have all posted jobs in the past week looking for Ethereum developers (865 points, 47 comments)
An investor from Canada has sued Overstock along with its ex-CEO and ex-CFO for securities fraud. He says that the company made false statements and manipulated the stock price. Overstock.com S-3 Filing Details up to $500 million of Digital Securities on the Bitcoin Blockchain. by Jacob Donnelly. December 11, 2015. In a Form S-3 filed with the SEC on November 10, Overstock.com sought approval to issue up to $500 million in new securities “from time to time” in the form of common stock, preferred stock, depositary shares, warrants, debt securities or units. But ... Online retail group Overstock has filed for a stock registration with the U.S. Securities and Exchange Commission (SEC) in connection with its blockchain-powered digital preferred stock, in a move which the firm hopes will result in the approval of the regulator. That’s quite some hyperbole for the world of crypto-securities. Overstock’s Love Affair With Bitcoin. tZero is a majority-owned subsidiary of Utah-based retailer Overstock. Overstock is a long-time champion of the crypto-universe, being one of the first major retailers to accept bitcoin. tZERO, the securities token exchange owned by e-commerce giant Overstock, has had a pretty impressive year. However, despite breaking new ground and seeing significant gains in revenues over the ... Bitcoin is an “electric peer-to-peer cash system” according to its anonymous creator, Satoshi Nakamoto. The goal behind Bitcoin’s creation was to create “a system for electronic transactions without relying on trust“. Bitcoin succeeded in this task through a combination of ingenuity, determination, and technological prowess. It’s hard to imagine a world without Bitcoin. Dr. Patrick Byrne, a well-known Bitcoin (BTC) advocate and the CEO of American online retailer Overstock.com, is a big believer in one altcoin: Ravencoin (RVN). What is highly impressive is that the year-to-date (USD) performance of this top 50 coin even beats that of Binance Coin (BNB). Online retailer Overstock and its blockchain technology investment wing, Medici Ventures, have shuffled some top executive positions at the tZERO security token trading platform which launched on January 24th, 2019. tZERO is Overstock’s central project in its radical pivot from ecommerce to blockchain technology, and, as such, the most prominent company in Medici’s venture fund portfolio. Overstock CEO sagt Mainstream voraus. Patrick Byrne, CEO von Overstock, einem Amazon-ähnlichen Marktplatz, der Zahlungen sogar in Bitcoin akzeptiert, sagte in einem Interview, dass er immer noch davon ausgeht, dass Kryptowährungen eine breite Akzeptanz finden werden. Overstock.com doesn’t exactly have the soundest history with cryptocurrency to date. In January, Overstock’s website temporarily afforded customers the ability to pay for products with either Bitcoin or Bitcoin Cash interchangeably — a costly mistake, given the fact that the two cryptocurrencies hold vastly different values. At the time ...
Binance for Beginners: Signing up, security, verification
🔥 Get the Ledger Nano X to Safely store your Crypto - https://www.ledgerwallet.com/r/acd6 🔥 Become a Channel Member - https://www.youtube.com/channel/UCjpkws... The Ultimate Power Grab, Stablecoin "Securities", Bitcoin Growth & Cardano ADA Is Banned The Modern Investor. Loading... Unsubscribe from The Modern Investor? Cancel Unsubscribe. Working ... What do you think about Binance Chain? Let's discuss! Special thanks to James Care for helping write this video. -----Binance Referral: https://goo.gl/RD7pLD $10 Of Free Bitcoin, Coinbase Referral ... This Binance for Beginners Series will have four videos: 1. Signing up, securit... Skip navigation Sign in. Search. Loading... Close. This video is unavailable. Watch Queue Queue. Watch Queue ... Welcome back to the no BS blockchain channel covering bitcoin, cryptocurrency and everything around FinTech. Episode 9 is with the Ted Lin, CGO of Binance, the most popular and innovating crypto ... Explicamos como participar de Pool para ganar #BNB que repartirá #Binance y compartimos operaciones de #Scalping en vivo Noticia oficial de Binance: https:/...
