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Everything posted by spotty

  1. World’s internet and messaging monopolies, Facebook and Telegram are currently set to compete in a crypto token race. Telegram has already gone ahead, with its successful multi-million dollar ICO, however Facebook will soon follow suit, with great chances of rolling out its own crypto this 2019. It’s obvious that Facebook has no plans to partner with an existing crypto project. By acquiring the London-based Chainspace team earlier this month, it has already expanded its own blockchain. New York times also revealed that Facebook is already working on creating a crypto coin for WhatsApp users, to enable them send as well as receive payments to each other. The report also included that, Facebook concerning the listing of its new coin has approached some crypto exchanges. This concept alone raises some questions considering it’s track record. Facebook cannot be trusted with Information, talk more of people’s money. For the past two years, Facebook has faced some privacy issues and has been accused on many occasions of disseminating fake news, manipulating data, security breaches, censorship and farming and profiting from its own digital coin. Asides Facebook, telegram also has crypto aspirations. It’s second round of funding in 2018, it raised an additional $850 million, and it has been rumoured that by October 2019. The Telegram Open Network (TON) will be launched. Signal (a messaging company) is also said to be working on its own crypto coin just like Kakao and line (the biggest messaging apps in South Korea and Japan). Facebook seems to have the upper hand due to its large user base. It’s new crypto can be exposed to more than 1.5 billion active users daily. Eric Meltzer, co-founder of primitive ventures (a crypto focused venture capital firm), said that the battle is heating up: “It’s pretty much the most fascinating thing happening in crypto right now. They each have their own advantage in this battle, and it will be insane to watch it go down.” It seems Facebook will make use of a permissioned private blockchain to control its new crypto, which will make it fully centralized and owned by the company. The new crypto might also be a stablecoin, probably pegged to the dollar.
  2. You will have to spend more than the crypto is worth. JP Morgan chase analysis revealed that, on average, you will have to cough out $4060 to produce just one bitcoin. To process transactions, Bitcoin requires volunteers. Once in every ten minutes, their computers speed up to solve a mathematical puzzle. After getting the solution, a group of transactions will be processed and the first to reach there gets some bitcoin as a reward. It is usually very costly, buying and running these computers. As the number of people involved increase, the puzzle becomes more difficult to solve, needing more computer power. From estimates, the bitcoin network utilizes almost the same amount of energy consumed by Ireland. In recent months, the price of Bitcoin has dropped down from its all time high of almost $20,000 attained in 2017. This result shows that, it is no more profitable processing transactions. However, this will lead to people dropping out of the race, which will make it more easy and economically viable once again.
  3. Lately, Ethereum has been going through several upgrades to re-launch as Ethereum 2.0 with features such as Constantinople and serenity upgrades. The Ethereum developers have been toiling for months in order to reach the project’s final development milestone. As notified by GitHub, the Ethereum developers community have revealed their progress so far in the first release (Phase 0 pre-release), which is getting close to stability and that more updates will be announced this February. Ethereum 2.0 will make Ethereum faster, more scalable and efficient. The scaling will have properties such as eWasm, Proof of Stake, and Sharding. This Constantinople update should have been released before now, however the journey to its success hasn’t been a smooth one. Last year October, there was a failed testnet launch which led to a small commotion in the community due to a conflict of interest between investors and miners; however, the Ethereum developers are putting in great efforts to make sure the upgrade is successful. Also, while auditing the smart contract code in January, there was a vulnerability which led to the delay in its initial release so that the necessary changes can be made. The last upgrade for the Ethereum dApp platform is serenity, which is very important for it to mark the hallmark of its development as it switches from the proof of work to proof of stake consensus. Hopefully, with this new outlook, Ethereum will see new gains in price.
  4. As cryptoassets and their underlying techs gain wide recognition, there should be an increase in the need to comprehend the legal structures that affects them. Regardless of the area of specialization, a good law firm stays relevant, so why will crypto or blockchain projects be different? It is very difficult finding a good law firm possessing the necessary experience in the blockchain industry. The following law firms are highly skilled at offering the required knowledge concerning VAT, tax, P2P lending, as well as other regulatory compliances worldwide. They also function in getting a license for major crypto exchanges as well as help you launch your own ICO. Frost Brown Todd LLC This crypto firm has a team just for crypto and blockchain clients. The firm offers major services such as litigation support, assistance in business transactions and counseling on statutory and regulatory compliance. Rimon Law This law firm is based in the U.S and Israel. It specializes in tax law, financial services, corporate law, private client services litigation and issues pertaining to cryptocurrency and the blockchain technology. Its main services rendered are intellectual property, bank chartering, financial regulation, digital and mobile payment system, and solving legal issues related to cryptocurrencies. Dentons This is the largest law firm in the world. It offers world-class legal services made possible by its talented team of advisors. Some of its major services are taxation analysis, KYC and AML procedures, ICO and token generation events, securities, broker-deal and exchange regulation, privacy and data security and commodities and criminal enforcement. Blockchain Law Group This law firm was founded in 2018 and offers services specifically for the blockchain field. Their team is composed of specialized attorneys who are very capable of assisting individual investors, newly created startups, institutions and established enterprises. It focuses on crypto related matters, which includes issuing security tokens and products. Perkins Coie This law firm is one of the first to associate with the crypto world, encouraging clients on legal topics such as Bitcoin’s usability, and the legality of asset tokenization. Perkins Coie focuses majorly on AML and cybersecurity programs, business operations, money transmitting licensing, corporate formation, securities and commodities, money services business compliance, decentralized ledger technology as well as privacy and data security. Royse Law This law firm has a branch in San Francisco, Orange County, Silicon Valley, Santa Monica, and in Beijing. It focuses mainly on assisting ICOs in its planning, structuring and implementation. The firm has skilled advisers that offer general advice concerning corporate matters and tax business, tax planning, KYC/AML, whitepaper review & analysis and foreign counsel. Njord law firm This operates at the international level. In the Nordic and Baltic Sea regions, it is one of the prominent firms of this type. It offers a wide range of legal services, with offices in Latvia, Germany, Denmark, Lithuania and Estonia. Njord law firm focuses on legal issues relating to cryptocurrencies and blockchain, as well as in banking and finance law services. Some of its services are crowdfunding and investing, capital market regulations, P2P debt, financial services regulation, equity financing, intellectual property protection etc. Crypto Lawyers Corporation Crypto Lawyers Corporation was established in 2017 and based in California. Its specialty is majorly on the blockchain tech, cryptos and ICOs. The company reduces the legal risk on all matters related to cryptos for their customers. Some of its main services are corporate structure, regulatory counseling, jurisdiction and registration, legal strategy for ICOs, documentation of token sale, legal audit of ICO projects and regulation D filings. Bryan Cave Leighton Paisner This law firm has vast knowledge concerning all regulatory aspects of virtual currencies. It also focuses on the relationship between digital currencies and the SEC as well as with other regulatory bodies in the United States. It specializes in state and federal licensing, offering regulatory advice for product and system design, and the strategic relationship with regulated financial institutions. MME MME is one of the well-known crypto firms and it has a great team with highly qualified advisors. It is based in Switzerland and known for raising Tezos, as well as Ethereum and Bancor. The partners of MME help clients in all legal matters and also specialize in tax, law and compliance. Ogier Law This is an award winning law firm that offers legal services to various jurisdictions globally. It has branches in Europe, U.S and Japan, where it offers law services in fields like dispute resolution, banking and finance, corporate and commercial and investment funds. Although the firm focuses on companies utilizing offshore structure, its services meet clients’ need executing investment strategies as well as other opportunities linked with the blockchain tech, cryptos and digital assets.
  5. Ledger recently announced an improved Ledger Nano S, called Ledger Nano X. The improved version will include the bluetooth function, a larger storage space as well as a larger screen compared to that of the former. Five enhancements will be seen in the improved version: Its OLED screen is a bit larger than that of the Ledger Nano S To navigate easily, buttons are now located in the device's front face. Its built-in battery is rechargable. This makes it possible for the Ledger Nano X to function even if it is not connected to a USB charger or computer. Bluetooth support: Just like the Ledger Nano S, it is still a USB stick but with an added feature – bluetooth support. It also has a new mobile version of its wallet management app Ledger Live which works for both Android and iOS devices. With this feature, you can send or receive crypto anywhere you are, even without having access to a computer. You have enough storage space for apps. It can take about 100 apps compared to the 18 of the Ledger Nano S. Éric Larchevêque (CEO of Ledger) calming the minds of those who feel hackers can gain easy access through the bluetooth feature said on Reddit that: Ledger;s blog post revealed that, from 7th January, potential users of the Ledger Nano X can pre-order from its website and should expect their device shipped to them in March. It costs $119 in the U.S. with free shipping, while in the U.K. it costs £109 and shipping is also free. In addition, the Ledger Live Mobile app will be available for download on Google Play Store and iOS App store on 28th January. Éric Larchevêque said:
  6. Blockstream in short is a tech company working on sending bitcoin nodes to space. They announced on Monday, December 17th 2018 the addition of a fifth satellite to its constellation which broadcasts the Bitcoin network. This newly added satellite will be covering the Asia-pacific region; this means that, asides Antarctica and Greenland, all the major landmasses in the world will be able to access Bitcoin through satellites. In addition, Blockstream has widened its capabilities to offer a complete version of the Bitcoin blockchain and becoming a global anonymous messaging network. Initially, just the most recent Bitcoin blocks were provided by Blockstream satellites, but now, the complete Bitcoin blockchain will be provided. This will make it possible for users all over the world, even those located in remote areas to run full nodes of Bitcoin. With this, it will be possible to mine Bitcoin in areas that are distant from the internet but abundantly blessed in renewable energy like solar, hydroelectric, or geothermal. Maybe Principally, Blockstream guarantees that Bitcoin can be used without making use of the internet, thereby leading to a more decentralized Bitcoin. This has also led to the expansion of the Bitcoin network’s global coverage, since it is now possible for almost all locations in the world to receive as well as send Bitcoin transactions. This can be very useful when disasters come in i.e. local internet grid suddenly stops functioning. In January 2019, the launch of a messaging network integrated with onion-routing, just like Tor, will take place. With this, users will not require the use of the internet to send fully encrypted messages all over the world. Payment for transactions will be made through the Lightning Network of Bitcoin, with calculation of fees done per Kilobyte of data. Bitcoin has been made to be independent of the internet due to the constellation of the Blockstream satellite. It has also spread the network coverage of Bitcoin all over the world, giving it an edge over other cryptos.
  7. When whole infrastructure is ready. You cannot rush into adoption with new tech.
  8. spotty

    Crypto Exchanges rankings

    I wonder how does Bitfinex have bigger avg. volume than ie. Binance 🤔
  9. spotty

    NEO's distributed file storage NeoFS

    In November NEO in partnership with NSPCC announced that they are in the process of creating a distributed file storage system (NeoFS), that would function as the cornerstone of the NEO platform. With this new system, users will be allowed to take back the control of their data and will be user friendly just like Amazon S3 and Dropbox. More Information on NeoFS Distributed storage is regarded as a vital element of web services as well as online software, and it is very important in attracting open-source and enterprise-level developers to build on the NEO platform. The move is specially for those having privacy concerns. As said in NeoFS's promotional video: "Often enough the server [that stores your data] is owned by a big company, and that company becomes an owner of your files…. They can take a peek at what you share to sell you something or to tell you something. So, why not take back control with NeoFS." The system has been designed to compete with Dropbox and Amazon, describing it as "…easy to use as Dropbox, or if you're a developer, Amazon S3.”" After its launch, the storage will be available for purchase, making use of GAS (CGAS NEP-5), which is a resource generated from NEO tokens over time. Meanwhile, users of data will not be required to pay to access the data stored on NeoFS. There’s a possibility of including their payment options, including Fiat. Brief description of NSPCC NSPCC is a research and development company that is majorly focused on supporting the NEO core ecosystem. City of Zion (an independent group of developers), largely drives the NSPCC. Some influential personalities behind the NSPCC includes Fabian Wahle (co-founder of the Neon exchange) and some engineers from RACIB – Russian Association of Cryptoindustry and blockchain. The developers of the platform started work on the Q4 2018. Between January to March 2019, the development of the platform's core was done, while the development of its major features will take place between April to June 2019. The NEO Platform will experience significant progress if it finally implements its distributed data storage solution. In addition, Dropbox and Amazon have the NEO team to worry about, due to the team’s expertise and execution.
  10. Binance’s Chief Financial Officer, Wei Zhou feels that two major factors will in the long term cause mainstream crypto adoption. In an interview with CryptoSlate, Zhou said: The crypto market’s value in the last 11 months has dropped from $800 billion to $120 billion (over 80% decline). Also, Changpeng Zhao (CEO of Binance) on CNBC Crypto Trader, revealed that about 80-90% decline in volume has been experienced by Binance and other crypto exchanges. However, since the beginning of 2017 and even years before that, the crypto market volume has risen substantially. Despite the decline in the market’s overall trading activity as well as its volume throughout 2018, the crypto exchange market has made great progress and improvements through the help of Binance. Binance has made great progress in operating a fiat-to-crypto exchange in Singapore, after it got an approval from local financial authorities. Back then, Binance's co-founder and Chief Marketing Officer, Yi He in an interview revealed that the company is very confident about the market trend: Wei Zhou (CFO of Binance) stressed that the company will keep working to drive mainstream cryptocurrency adoption as well as increase cryptocurrency usage. He said that the company was established for more than a year now and that over 10 million users in 180 countries are already making use of the exchange. Zhou said that the company has seen the need to drive crypto adoption so as to increase digital assets usage: CZ previously said that, in the long-term Binance hopes to have over one billion users by 2030 to 2040. Zhou has targeted the African Market, noting the continent’s wide adoption of the mobile phone tech, stating that in the future, the target of 1 billion users is possible.
  11. Recent days we witnessed a lot of selling volume on major coins. For example: BTC and ETH
  12. The first mention of Artificial Intelligence (also known as AI) was in 1948 when a mathematician from the US, Norbert Wiener, published a book that focused on the potential technological advancement of the AI. The sole idea that there can be a type of intelligence that originates in machines rather than humans was really interesting to many people back then and it managed to become a worldwide cult in the coming years. This naturally resulted in many scientists and engineers trying to make one such phenomenon come to life. There were thousands of different theories put into practice and none seemed to have worked until recently when the significant progress has been made since. Although the technology is a far cry from being as developed as the human intelligence, it is certainly going that way, and one of the main factors that can contribute to it is the blockchain technology. Why? Well, the way AI operates nowadays is that it incorporates something called "deep learning". It is a method where the intelligence of a computer is trained by giving them huge arrays of data to analyze and create patterns itself. This way, it “learns” to become more powerful and even more human. However, the problem is that most of the data that is generated on the web nowadays is the property of big corporations such as Google, Facebook, or Microsoft. This means that in the future the AI may easily end up in the hands of the big corporation, thereby leaning towards becoming a dystopian sci-fi movie we used to watch as children. Luckily, a company called AI Crypto entered the field of the AI and blockchain technologies, with the intention to combine the two and get the best out of Artificial Intelligence. The team behind this project believes that AI on blockchain will help people by empowering them both physically and mentally and by paving the way for faster, more efficient goal achievement. In essence, this company will be a global AI industry hub which will allow all the participants to choose whether they want to share their data or not, thus preventing anyone’s monopoly over AI. There will be three basic modules on which the ecosystem of AI Crypto would work: General Processor Unit (GPU) - the basis for the whole project that will keep the network of AI Crypto in motion, DATA - a blockchain backed-up platform that will create and distribute data related to AI, MODEL - a machine-learning module that will keep everything flowing smoothly and cost-effective. A pre-sale for this ICO was launched on May 9, while the main ICO began on May 30. Their token is named AIC and there is a total of 10 billion tokens, half of which is for sale in ICO. Currently, the hard cap for the project is 50,000 ETH and the tokens that are not sold will be burned.
  13. South Africans who are very much interested in Crypto trading and investments are set to have their first Bitcoin Automated Teller Machine (ATM), following the steps of other African countries such as Djibouti and Zimbabwe. Throughout the African continent, South Africa is the most experienced when it comes to the financial services sector. For some time now, South Africa has also taken the lead in cryptocurrency taxation, which has set a dividing line between the country and Zimbabwe, which has prohibited crypto transactions in banks. Back in 2004, the first Bitcoin ATM in South Africa was in Kyalami in Johannesburg, but it was reported that no one was really interested in using it, and as a result, it was closed. However, George Neophytou (General Manager of Northwood Spar) is very much convinced that it’s the right time. He said: “It is awfully exciting. It will take away much the frustration of buying and selling cryptocurrency, and hopefully help make cryptocurrencies mainstream” According to reports, as at the close of 2017, about 200,000 to 300,000 South African citizens have made use of cryptocurrencies, and a report this week from CCN said that an estimated 47% of South Africans have intentions- to go into crypto mining as well as investing in cryptocurrencies. Leading this new development, the ATM will take away “much of the frustration of buying and selling cryptocurrency , and hopefully help make cryptocurrencies” breakthrough into the mainstream as a payment option, investment or trade. A website that shows ATMs across the globe, has mentioned Zimbabwe and Djibouti as the two other African nations possessing a Bitcoin ATM. The site also says that globally, about 3042 Bitcoin ATMs are present in about 68 countries, which indicates about 424 operators running them.
  14. spotty

    HODL or SODL

    Price in percentage from their ATH: nano -94.25% ada -90.49% icx -88.11% xrp -87.91% trx -86.94% neo -84.68% bch -83.72% iota -83.01% xlm -80.10% ltc -79.14% omg -74.43% xmr -73.94% btc -69.55% eth -69.36% eos -66.28%
  15. spotty

    Ontology - ONT

    As explained on their website, “Ontology is a diverse, integrated, distributed trust network and the infrastructure for building a trust ecosystem.” Ontology makes use of a decoupled ledger that permits the support of many blockchains or IT systems on the platform. It also makes use of several protocols that makes possible, the implementation of several functions, which includes authorizing several operations, verification of digital identities and exchange of data. The ideology of this platform is to create a ‘trust ecosystem’ that permits partners to be focused at their business operations. Ontology is deeply connected with NEO; they have the same founder- Onchain (the Chinese technology development company). Da Hong Fei, NEO’s co-founder is also Onchain’s CEO. Another co-founder of Onchain and chief architect of the company, Jun Ji is also one of ontology’s founders. Ontology has brought together a very large and effective team having vast knowledge and experience. After Ontology’s airdrop in March 2018, where 20 million free tokens were distributed to holders of NEO token, there has been an increase in price in line with the hype surrounding the project. The Roadmap of Ontology is ambitious, which shows milestones following each other simultaneously. Also, the presence of a strong team coupled with support of both the NEO and Onchain community and an already present list of partners, Ontology is moving forward, to achieve what they have planned to do.
  16. spotty


    Flappening is the term when LTC is preparing to overtake another coin. Couple of days ago, Charlie Lee (founder of Litecoin) announced Litecoin will overcome market cap of Bitcoin Cash. Currently Litecoin sits at 60% market cap of Bitcoin Cash. Great tool to monitor flappening is http://flappening.watch/.
  17. It’s very possible for anyone to create a smart contract based on the Ethereum blockchain. Before now, the developer of a particular coin also implements it, and it had this experimental nature that comes with some related problems which include: hacking of contracts, freezing funds of investors Now, we have newly created Ethereum protocols, designed to make up for errors made in earlier versions. We hope that by the end of the year, one of them replaces the ERC20, Which will make it simpler for users as well as help them work more effectively with the blockchain. ERC 20: token for dApps Ethereum’s simplified structure as well as its user friendly logics has led to its high demand, with about 83% of projects making use of the Ethereum blockchain as their underlying structure. When reading/hearing about Ethereum, you might likely hear about ERC20. It is the most widely used standard for tokens on the Ethereum platform. This standard ERC20 came to existence in 2015. Initially, only programmers made use of this standard but within two years, gained much popularity. By 2017, everyone had started making use of the ERC20 standard, due to its simplified integration with several platforms and apps and its code uniformity. This also led to the quick growth of the ICO startups that now possess the required tools for logging into exchanges and prevailing over problems of liquidity. Immediately after the ERC20 implementation, there was a substantial increase in the number of ICO startups found in the crypto market, having about 86,000 tokens as at May 2018. There was no need for projects to develop their own rules and specifications for issuing and operating their tokens because all has been described in the ERC20 standard with the introduction of 6 major functions. Which are: Number of coins associated with the balance of a particular address The Total amount of available coins Transfer of tokens from the primary address to that of the ICO participant or individual user Transfer of tokens between users Checking of token’s residual amount on smart contracts coupled with the ability of withdrawing the funds Ensures that, tokens owned by the sender are enough, before completing any transaction Smart contracts: The birth of a new economy The birth of smart contracts has brought about the success of the standard ERC20. Although, Bitcoin Blockchain has already implemented Smart contracts basic principle, there were limitations in their capabilities and were not suited for developing tokens for individual Apps. This is the major reason behind Ethereum being referred to as the first platform to fully develop and implement the smart contracts concept. The idea behind smart contracts goes thus: when a user sends tokens to a recipient’s address, the balance of the recipient increases while that of the sender, reduces by the same amount. Technically, no one has sent anything to another. The smart contract is notified of a change in the owner’s balance of a specific token amount. Due to this fact, tokens vanish from the wallet of the sender and appear in the address of the recipient. The Call for Changes Overtime, there has been a revelation of some drawbacks of the Ethereum-based protocol first version, the ERC20. For example, reversing transfers of tokens sent accidentally was not possible. This is because, the ERC20 standard implementation takes place in two ways: The Function “Transfer”: This permits the sending of tokens from a particular address to another. Combining functions “approve” and “transferFrom” to send tokens to a smart contract. The ERC20 standard feels the token transmissions should be seen as an event, but the processing of transactions is declined by the transfer function, because the receiver’s balance is increased without any pre-check. The contract’s inability to recognize the transaction could become a problem, if tokens were sent making use of the transfer function and the receiver is a smart contract. This results in the misbehavior of the transfer function, leading to a result that is difficult to predict i.e. tokens can be permanently frozen or completely lost. The Ethereum creators in a bid to solve this problem, introduced the transferFrom and approve functions, giving users the right to allow funds withdrawal by smart contracts when a transaction is sent. However, this problem is yet to be solved, with ICO participants losing over $4 million last year. A verygood example is the smart contract of the EOS token sale that receiver over $2.1 million from users who couldn’t get back their funds. Types of other tokens ERC223: ERC20 error’s correction (created by Dexaran) A user of Ethereum name Dexaran created the ERC223 standard in order to solve the susceptibility of the first version of Ethereum protocol. This forced the ERC20 standard to act in a similar way when transferring ETH to smart contracts. In a situation where an error occurs in the transfer function, the transaction is cancelled when the smart contract does not support this cryptocurrency. Two new functions were recommended. The transfer function replaced the transfer form and the old transfer, then the tokenFallBack function which determines the type of coins sent. ERC721: Cryptokitties and other collections (created by Dieter Shirley) Tokens developed with the aid of ERC20 standard can be interchanged, that means each token is the same as the other one. A co-founder of SnowFox platform, Mike Raitsyn sees the potential in this kind of protocol. One of the first to utilize this standard is the developers of the “Ethereum’s Killer” online game CryptoKitties. The utilization of distinct attributes was its main focus, attributes such as color, breed, age etc. some combination of attributes can be uncommon which makes a kitten very costly. ERC827: New ERC20 (created by Augusto Lemble) This token is one of the recent versions of the Ethereum Protocols and a blockchain journalist Dariusz Jakubowski called it “a new ERC20.” This standard can transfer both transaction data and cost. This standard allows a third party to verify a transaction, for instance, an agent or broker without any access to a private key. Blockchain’s reliability and security are not changed. ERC948: Paradise for B2C businessmen (created by Kevin Owocki) With more than 11 million customers, the “subscription” model has become well-known in the digital world. It was revealed that fifteen percent of buyers had subscribed to e-commerce in 2017 according to a study of the McKinsey Company. ERC948 protocol offers developers an opportunity for creating a platform where an economic model valuable to the software and retail industry in the past decade can be leveraged. ERC884: “White list” for investors (created by Dave Sag) The Delaware General Corporation Law officially allowed the utilization of blockchains to register shareholders according to the 2017 draft law. ERC884 was developed for assets released by any private or public company in Delaware. Evolution of protocols The growing competition among cryptocurrencies enhances the evolution in new protocols’ development. Every new Ethereum token standard gives a more improved set of functions which supersedes the existing ones. Developers can solve problems of susceptibility, misuse and develop a more mature blockchain dApps as a result of introducing new standards. The opportunity for 2018 to witness new protocols is at hand, time will tell if the industry will see ERC20000 or other advanced tools that will be invented due to the race between Ethereum and EOS.
  18. spotty

    Cryptocurrency Terms

    Those are the terms used in crypto, if I missed something let me know: ALTCOIN - Any cryptocurrency other than bitcoin. ATH – All Time High – Historical all time high price of a coin. BAG HOLDER – A trader who bought at high prices and missed his opportunity to sell. BTFD - Buy The Fucking Dip – It’s an indication to buy a coin when it’s at its very lows. BUIDL - Derivative of a word BUILD, similar to HODL, used in crypto terms when teams are building innovative things. DILDO - Long green or red candles. DYOR - Do Your Own Research. FA - Fundamental Analysis. FOMO – Fear Of Missing Out – When there are huge green candles and you get a rush to buy into it. FUD – Fear Uncertainty and Doubt – A person or a group spreading FUD in public. HODL – Hold On for Dear Life. JOMO - Joy Of Missing Out - When you're happy you didn't buy into certain coin. LONG - Margin bull position. MARGIN TRADING – Trading with leverage. MCAP - Market Capitalization MOON – Bullish momentum of a coin. OG – A person who is long in crypto. OTC - Over The Counter usually referred to a trade. PUMP / DUMP - Sudden upward / downward price movement. REKT – A situation where you lost your money with your position. SHILL – To endorse a coin. A trader shills a coin he bought in order for masses to buy in. SHITCOIN - A coin with no potential value or use. SHORT - Margin bear position. STFR - Sell the f* rallies. SWING - Zig zag price movement. TA - Technical Analysis. WALL – A big order at a certain price in orderbook seen as a wall usually created by whales. WHALE – A trader who has a lot of capital which can be spotted by a wall in orderbook of a small altcoins.
  19. spotty

    Zeepin - content creator's platform

    Zeepin is the first customizable platform in the world. It focuses on the protection and decentralization of creative works. It will enable writers, designers and artists to safeguard their work. It promises to provide users the resources to find talent to recruit, find venues to play at and form joint ventures. CEO and founder of Zeepin is Zhu Fei, a 15 year veteran of the creative industry. He’s got assistance from co-founders: Gloria Gu and KarlXu, who also have decades of experience in marketing fields and IT respectively. Their vision: Zeepin will allow the integration of third party financial institutions, to permit the direct distribution of royalties at a low price to the creator. Zeepin's official website: https://www.zeepin.io/ The recent processes to safeguard your creative work are complex. Most times, it is not easy to find the person responsible for copywriting a piece of art, and almost impossible to know if the piece is original and has not been changed in any means. Besides, once something has a copyright, it is in the hands of a centralized power which exposes the work to other susceptibilities. With the use of Zeepin, users can store their work on the blockchain and get “Copyright Pros” from which an “Authorization Pros” can be issued by the users; this will allow users distribute their work in an easy and predetermined manner. It also eliminates worries about user’s work being tampered with and used in a way that is not approved by the creator.
  20. spotty

    Qlink - mobile network

    Qlink intends to be first decentralized mobile network in the world. This is a platform that aims to create systems to enable Qlink network users to become a telecom organization that is decentralized. The platform offers users a means to “rent” out bandwidth not utilized to other users on the platform. People who sell extra bandwidth will be given some compensation in QLC tokens. Qlink official website: https://qlcchain.org/ Qlink's team wants to provide solution to the problems encountered by today’s centralized telecom systems. Problems such as high usage fees, inaccurate content billing and distribution and security issues of data transmission. These issues are solved by the decentralized systems Qlink is executing. Three main sources will be offered to users, such as mobile data access and content distribution, an enterprise-to-peer SMS service and Wi-Fi sharing. In order to enhance this, Qlink will execute a desktop and a mobile app. The mobile app will enable users to connect, to access mobile data and content and Wi-Fi hotspots. It will also be utilized in registering unused SMS access points and Wi-Fi hotspots, which any user can access for QLC tokens. The desktop app will provide some features same as those of the mobile app, as well as permitting the purchase of unused enterprise-to-peer (E2P) SMS and distribute content via Qlink. No business has tried achieving what Qlink has set out to do. Qlink’s platforms have the ability to develop a completely new market that makes Wi-Fi less expensive, more efficient and more accessible.
  21. spotty

    DeepBrain Chain

    DeepBrain chain is the first AI (Artificial Intelligence) computing platform in the world. It is a platform powered by Blockchain. According to DeepBrain’s whitepaper, the project’s goal is “to provide a low cost, private, flexible, safe and decentralized artificial intelligence computing platform to artificial intelligence products.” Their official page: https://www.deepbrainchain.org/pc/en/index.html Today’s AI companies must “train” computers to do as they wish via neural network calculation. This process takes time and its usually very tasking; it requires lots of resources, times and several trials to hone in the intelligence algorithms over time. DeepBrain provides a means of reducing these computing costs. Every node gets 30% of its income from the fees paid to companies who desire to train AI computers and also gets 70% of its income from mining through the platform’s business model. Plans have been made to introduce “A decentralized neural network” where nodes present on the network shares the computational costs needed to test the algorithm. DeepBrain will pay with the DBC token in exchange for the utilization of the computing power of the nodes. The DBC platform will provide a well secured decentralized trading platform; anybody can buy and sell data on the marketplace. Using the Blockchain technology prevents data ownership, data leakage, reselling, and data usage rights. Google and Baidu spent between 20-30 billion dollars on the development of AI back in 2016. From 2012 to 2016, there were over 5000 AI related startups. Investors now capitalize on the AI industry, and from projections, it should be worth more than a trillion dollars by 2035.
  22. spotty

    NEX - decentralized exchange

    NEX is one of the projects on NEO that has got everyone talking. It was developed by the (CoZ) - City of Zion team, looking to develop a decentralized exchange that handles both simple and complex transactions. NEX seeks to merge the ease of use and speed of centralized exchanges with the security, which is only offered by decentralized exchanges. An off-chain matching engine will be incorporated by the exchange. With this model, orders can be signed and sent from several user addresses, matched and then signed off-chain, and through the blockchain, it is later committed back to the accounts. NEX is well aware of the possible conflicts of interests, which could result from off-chain transactions. To fight this, all off-chain matches will have to follow a publicly trackable algorithm. NEX’s strong and effective team is one of the most interesting aspects that boost its development. CoZ team originator and NEX co-founder, Fabio Canesin, has an MSc in Computational Mechanics and Variational Multiscale Modelling. Co-founders of NEX and CoZ, Ethan Fast and Fabian Wahle has a PhD from Stanford in HCl and Al and is one of the major developers of the NEON wallet. On top of that NEX has strong advisors: Erik Zhang and Da Hongfei (NEO founders). Their vast experience will play a big role in moving the development of NEX forward. Several other major smart contract platforms have begun the development of their own decentralized exchanges, so it’s nice to see NEO doing the same. Though other platforms may have started earlier, NEX has a strong team, and is sure to power them into developing a very successful decentralized exchange.
  23. Building your cryptocurrency portfolio might be confusing, you will ask yourself, what kind of coin you’ll love to make use of as there are so many types of coin you could choose from. There are several strategies that can be used for choosing coins and building a great portfolio, even Warren Buffet will envy you. Below are easy steps to follow, to ensure your experience while investing crypto is worthwhile. Make sure you diversify One of the best methods of minimizing your risk when investing in cryptocurrency is to make sure you diversify the coins within your portfolio. First of all, check the market cap of a few cryptocurrencies you’re interested in. Market cap is the coins price multiplied by its circulating supply. The less volatile a coin is, the higher its market cap. In contrast, coins with low market cap are more volatile and have higher percentage swings. A well “diversified” portfolio contains a blend of these high to low market cap coins. This can be grouped into three categories namely: Large market cap: usually at $5 billion and above Medium market cap: usually within the range of $250 million to $5 billion Low market cap: usually below $250 million Bitcoin, Ethereum, Ripple are seen as large market cap coins. Like some of the smaller altcoins, they may not experience a 40 to 50% fluctuation, however during bear markets, their price generally more stable. Another factor that plays a major role on which coins you wish decide to diversify with is your risk tolerance. If you believe that investing in crypto is very risky, you should try investing in large market cap coins (let’s say 90% of your portfolio) Considering the other option, you might want to invest in more risky low cap cryptocurrencies, if you have a lot of disposable income and you won’t be pissed losing some of it. These coins have a very high profitability rate of 100 – 500% ROI, however it is important to note that many are worth nothing down the road. Those that end up as extremely profitable however, tend to outweigh the ones that don’t. As we can all see, embarking on an investment strategy that is moderately safe would be to invest in all 3 market cap coins, splitting each one up evenly (34% large cap, 33% medium cap and 33% low cap). The Hunt for Hidden Gems Sometimes it is advisable to hunt for those hidden gems. These hidden gems refer to those coins that people hardly invest in; these are usually some of the best coins to invest in. Finding these hidden gems however can be difficult and take a long period. You can make research for days, as well as checking through white papers to find 1 or 2 hidden coins; these coins could transform your stagnant portfolio into an very successful one. Let’s check out these key examples: Early investors in Antshares (now NEO) have experienced a 160,000% ROI to date. Investment in XRB, now called Nano early would have yielded a profit of 3,500,000% to its ATH (all time high) this year. Early investment of OmiseGO (OMG) would have increased your portfolio by 4,000%. Considering these examples, you will clearly see that discovering these coins early can earn you great profits. If you can create time for research, investing in these hidden gems could yield good results. Make sure you diversify across industries Another vital part to building your portfolio is the industry in which your coin resides. Check below for a few examples as most of these currencies can be categorized: Currencies such as Bitcoin, Litecoin, Bitcoin Cash Financial such as Ripple, Wanchain, OmiseGo, Iconomi and SALT Media for example BAT and Synereo Dapp Platforms examples here include Ethereum, NEO, Lisk, MaidSafeCoin and EOS, Interoperability blockchains like Ark, ICON and ChainLink Privacy such as Monero, Dash and Zcash Blockchain is still in its infant stage, so predicting which of the industries will be accepting this new technology will be a bit difficult to predict. The above list are few of the categories in which you can spread your investment over. You must note that that a few of them can even overlap industries. The idea behind this strategy is to avoid investing excessively in one specific industry. Invest more in your favorite industries Investing in your favorite industries is a great strategy to work with. Some new comers in crypto investing have the idea that just one coin in each category will be successful. That couldn’t be any further from the truth. Let’s take a look at some examples: Cellphone carriers: For example T-Mobile, AT&T, Verizon Travel: For example American, Delta, JetBlue, Southwest, Financial: For example Wells Fargo, Chase, Bank of America, U.S. Bank, So does the list continue. Every industry is large enough to support multiple cryptocurrencies. However, many may decline suddenly, but quite a few will pull through. You must note that, it’s not a must for any crypto to be among the first three or four of its industry in order to yield great returns. One unique thing about this industry is, even if your currency is ranked 10th within its industry, you can still make about 100-300% profits. Crypto trading requires experience (and a bit of luck) As you continue walking in the path to crypto riches, you’ll discover some other strategies and tactics that fit well within your trading portfolio. You could also try out some advice that also yields negative results. Becoming an expert in crypto trading is a learning process and can only be mastered having experience with the real world. There is a particular style associated with each investor, and with more experience will be cultivated over time.
  24. Not just car companies. Everyone is jumping aboard even Wall street now.
  25. spotty

    Thoughts on Ian Balina

    I somehow got my hands on Ian's strategy of investing. Lets say he invests in a coin at $1 and buys 1000 coins, equals to $1000 investment: he takes his initial investment at $3, and still has 666 coins sells 66 of them at $6 and still has 600 coins left sells 100 more at $12 and still has 500 coins Total profit: $1596 and 500 free coins.