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Jiangzhuoer: CSW's Three Extreme Claims - [BitKan 1v1] Craig Wright vs Jiangzhuoer

Jiangzhuoer: CSW's Three Extreme Claims - [BitKan 1v1] Craig Wright vs Jiangzhuoer
Digest from [BitKan 1v1] debate.
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Question 2: During the BCH fork to BSV hash war, why do you support BCH? What do you think of the differences between BSV and BCH?
Jiang: First of all, we have to figure out how did some of the key propositions of BSV came about. CSW seems to be the leader of the BSV community, but in fact CSW is just a chess piece. For example, CSW is in name the chief scientist of Nchain, but CSW has no shares in a series of BSV related companies such as Nchain, Coingeek etc. The true boss of BSV and the main backer behind CSW is Calvin Ayre, the casino tycoon.
Zhao Nan wrote two articles, which made the cause and effect of CA's capital layout clear:
"The capital layout of the casino tycoon Calvin Ayre" >>(Chinese)
"The ins and outs of the Calvin Ayre team" >>(Chinese)
Therefore, the ultimate goal of Calvin Ayre is to make money from the Canadian stock market through Coingeek. Coingeek develops its own mining machine, mines itself, controls the chain of BSV, and has the "CSW" as the gimmick, to tell us the story of BSV.

So BCH forks the BSV, which is a step in the entire capital layout of Calvin Ayre. It is not because there is any irreconcilable development direction, but because Coingeek needs to control the BCH. If it cannot be controlled, it will split into a chain that Coingeek can control completely. The whole thing is planned in advance, for example, bitcoinsv.org registration date is July 2, 2018, bitcoinsv.io is August 16, long before CSW began firing shots at ABC team.
CSW’s goal is to split the BSV from the BCH, so he must overstate many of his claims in order to create a split. If he puts forward a reasonable claim and BCH is a rational and pragmatic community, then he can't split. It is important to mention some very extreme claims that the BCH community can't accept, and then incite some community members through extremist claims, just like the Nazis do extreme propaganda and incitement, in order to split from the BCH.

CSW's extreme claims, such as:
1 Super block: BCH advocates large block expansion. What about CSW? He demands to upgrade the oversized block in a short time. The BCH 32MB block is sufficient and does not exceed the network load. CSW exerts that he will upgrade 128MB now. He will not wait till next year, and he intends to upgrade to 2g as well in 2019.
But the result? Don't even talk about 2G, the 100M block has exceeded the current network carrying capacity. After the BSV, because the block is too large, it is too late to spread across the entire network. There have been many deep rollbacks, April 18, 2019. At that time, the 578640 height 128M block resulted in 6 confirmed rollbacks, making the 6 confirmations unreliable.
On April 18, 2019, Beijing time, from 21:00 to 22:00, the deep recombination of up to six blocks occurred in the cobwebs of BSV (block height 578640-578645)

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According to BitMEX Research, the BSV chain was rolled back by two blocks in the week. One of the orphaned blocks was about 62.6MB in size. This large block may be the cause of the roll back. In addition, BSV plans to launch an upgraded network called Quasar on July 24. The only change to this upgrade is to increase the default block size limit. It is reported that the expansion of block capacity will increase the probability of block reorganization: the large block has not yet been packaged, and multiple small blocks have made the block height overtaking, which will lead to block reorganization or even fork.

2 Lock-up agreement: A chain must stabilize the agreement. The agreement is greatly changed every time. It definitely affects the above development. If CSW proposes a stable agreement, then everyone agrees that he can't split it. What should he do? CSW is even more extreme, and I am going to set the protocol and lock it, even back to the original version of Bitcoin, which is ridiculous.
The environment has changed, and the agreement must change. For example, if the 0.1 version of Bitcoin is perfect, and the 14-day difficulty adjustment is not a defect, the BSV will not remove the BCH “not original” DDA difficulty adjustment algorithm, and switch back to 14 Day difficulty adjustment? Because once the BSV removes the BCH DDA difficulty adjustment algorithm, it will be directly cut and killed by the big calculation.

3 Computing power determines everything: Why does CW have the power to decide everything? Because the extremes did not dominate the community at the time, but CA's coingeek deployed a lot of mining machines to mine, which is very computationally intensive, so he advocated Force to decide everything, of course, he did not know that my calculations were more than him. I will talk about this later.
Because these claims are created for splitting, not natural development, so these claims will be internal contradictions. For example, CSW said that the agreement is to be locked, and that the computing power determines everything. Even decided to increase the total amount of 21 million, then who has the final say?

Why don't I support the development path of BSV? Because these extreme claims of CSW are all for the purpose of splitting, purposefully proposed, whether it is a large block, lock-up agreement, power calculation determines everything, in fact, it can not be implemented, of course, Will not support these extreme claims that can't actually fall.
In addition, these extreme claims will become a heavy liability for the development of BSV in the future. It is necessary to develop according to these extreme claims. In fact, we cannot do this. We must revise these extreme claims. The members of the community who were incited by these extreme claims will definitely not do it. Then, how do you say that BSV is still developing?

Digest from [BitKan 1v1] debate.
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5 cryptocurrencies to invest in 2020

5 cryptocurrencies to invest in 2020

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There is no doubt that 2020 will be an important year in the history of cryptocurrencies:
the next halving of BTC, the arrival of the ETH 2.0 era, the possible launch of the token of the Central Bank of China and Europe, the new presidential elections in America, the intense situation in the Middle East …
In the face of the great economic instability, a question that continues to haunt the investors is: What should I buy?
If you have not found a good answer, it is worth paying attention to these 5 cryptocurrencies:
TOP1: Bitcoin
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Completing 11 years in the market, Bitcoin currently dominates 70% of the cryptocurrency market.
The reasons to invest in BTC in 2020:
1) Another halving is coming
The 3rd BTC halving will take place in May 2020, which may drive the price to a new level:
The halving will result in a decrease in BTC production, which will lead to an imbalance between supply and demand in the market and drive up prices.
The halving will increase the difficulty of mining Bitcoin and reduce the profit of it. In this sense, miners always bull the market, as the price increase can make up for the entire industry’s losses. While the mining giant has accumulated huge wealth during the BTC dividend period, it will become a guarantee for the rise in BTC prices.
The expectation about halving has become a consensus, and the public’s fear of missing out in the market will drive prices up. It is worth noting that the halving of BTC does not necessarily occur at the time of halving. Based on the previous two experiences, the boon will be released before the halving.
Therefore, You can start to build your position in Bitcoin at an early date, wait for the maximum to arrive and sell at the right time to reduce the risk.
2) Financial havens
Weiss Crypto Ratings considered Bitcoin as the ultimate digital safe haven, whose value will grow in the face of the instability of the international scenario.
Geopolitical conflict. Since 2020, the global risk aversion has greatly increased due to tensions in the Middle East.
Concerns about the global recession: Bitcoin has grown 16% in 2020, and gold has reached its highest price of $ 1610 during the past seven years.
TOP2: BCH
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BCH is a token derived from BTC during the hard fork process, so its price has a great correlation with the price of Bitcoin.
The height of the BCH block is slightly higher than the height of BTC, so the BCH halving will arrive on April 6, 2020.
Top3:BNB
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The year 2019 was considered as a year of bomb for exchange tokens, among which some achieved incredible performance and are among the 20 most valued cryptos in the world, as investors considered them as the most guaranteed cryptocurrencies.
And BNB is a “potential stock”:
Its price multiplied 8.5 times and its capitalization value rose from 861th place to 8th place, as a result of the launch of the IEO (Initial Exchange Offerings) model by Binance in 2019.
Entering the market with a price of $ 0.10 in July 2017, BNB reached its highest increase in June 2019 with a price of around $ 39.57.
Hold for two years = 388 times profit!
In 2020, the value of BNB will also increase with the growth of Binance.
Top4:Tezos
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Tezos is one of the public chain projects that managed to survive the fierce competition in the market.
In June 2017, the Tezos project raised $ 232 million during its initial coin offering (ICO), the largest funding among all ICO projects at that time.
In October 2019, Tezos continued to rise, from a minimum price of $ 0.74 in October to a maximum of $ 1.85 in December, an increase of more than 160%, ranking among the top ten by market value.
The reason behind this is that Coinbase has launched staking support for Tezos, which represents the affirmation of the Tezos project, as Coinbase has always been known for its strict project review.
Compared to the highest value of $ 12, Tezos still has a long way to go. Given its reversal in 2019, it deserves attention in 2020 so as not to miss good investment opportunities.
Top5:Maker(MKR)
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In 2019, Defi (Decentralized Finance) has become a new hotspot in the blockchain and is considered a “new financial revolutionary movement”.
Maker is the “central bank” of the DeFi lending market, with a market share of over 49%. Those who cannot obtain a loan from the traditional banks can borrow digital assets on the Maker platform. At present, the stable currency DAI is the main borrowing asset, accounting for 74% of the total loan amount, and DAI is the stable currency issued by the Maker platform.
The DeFi market has achieved continuous growth in 2019. According to DeFireview data, as of December 24, 2019, the total locked position reached 796 million U.S. dollars, of which Maker accounted for 39.16%. Compared with January, it has increased by nearly two times, and on June 25, it reached to the highest total amount, which is $ 1.72 billion.
MKR is the token of the Maker system. With the growth of the Defi market, MKR has risen steadily by 12% since the beginning of this year. The market value of MKR jumped to the top 20.
In 2020, with the centralized exchanges starting to launch Defi business and the huge potential of the lending market, the prospect of Maker is exciting.
Keep in mind that investing in cryptocurrencies is always risky, and investing in only one cryptocurrency will face greater risks.
Diversify your portfolio!
All information contained in this article is for reference only.
submitted by NovaDAX to NovaDAX [link] [comments]

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

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

Cryptocurrency NEO-review and analysis of prospects

Cryptocurrency NEO-review and analysis of prospects

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The NEO digital asset platform was previously called Antshares. But in recent times, a complete rebranding has been made. In addition to the name change, the startup updated blockchain nodes and technical documentation, as well as the stock Ticker. In addition, the official website and social media were redesigned. The transition to a new version of the smart contract system, called NEO-2.0, was carried out.
The NEO cryptocurrency has been showing stable and non-stopping growth for a long time. Very quickly, the Chinese creation took seventh place in the top of Coinmarketcap. This, without a doubt, is a serious bid for prospects, given the high competition in the cryptocurrency market. And Ether confidently holds the second line after the famous Bitcoin. So the crypto currency NEO clearly has all the chances to rise much higher than the seventh line.
At the moment, the price fluctuates around $45. The cost for three months has increased 20 times.
The volumes of neo cryptocurrency reserves are clearly defined and limited to 100 million tokens. So far, only half of the available potential — 50 million tokens-is available on the market. So the crypto currency NEO clearly has all the chances to rise much higher than the seventh line.
The project is actively developing. OnChain cooperates with other players in the field of cryptocurrency and blockchain technologies. At the moment, there are connections with blockchain startups Coindash, Bancor, Agrello and others. The Chinese project Red Pulse has announced the creation of a financial research platform based on the NEO-2.0 smart contract system. Also, in cooperation with NEO, there is an intensive development of The Elastos operating system based on blockchain technologies.

THE history of the emergence and development of neo cryptocurrency

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The date of origin of the project can be considered 2014. NEO Creator Da Hongfei is a Director of Shanghai-based OnChain. In 2014, onchain, according to Da Hongfei's idea, launches the AntShares blockchain project. On the basis of this platform, a cryptocurrency of the same name was also created.
Yes Junpei put to the company is simple, but a global problem. His goal was to build a fundamentally new system of financial interaction. This system should unite the sectors of the real and virtual economy into a single whole with the help of high-tech contracts. And cryptocurrency from OnChain should become a unit of payment for these contracts.
Soon OnChain enters into a contract for cooperation with the Wings blockchain project, as well as contracts with economic giants Microsoft and Alibaba.
In August 2017 begins the story of NEO already in its current form with the current name. Da Hongfei carried out a complete rebranding and technical modernization of the project. The rebranding was a huge success, and the price of cryptocurrency from OnChain soared 40 times.
But not without problems. On the fourth of September, the Chinese authorities adopt a package of sanctions laws against cryptocurrencies and ICO. It was a heavy blow, which at the time almost 2 times brought down the course of the brainchild of Hongfei. However, soon the NEO cryptocurrency moved away from the blow and began to confidently win back the lost positions. At the moment, OnChain is actively upgrading the product and simultaneously trying to find a compromise with the Chinese authorities for the legalization and quiet operation of its offspring.

Features and principle of operation NEO

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From a technical point of view, the Chinese cryptocurrency is very similar to Ethereum. The basis of the platform is the construction of smart contracts and their subsequent payment with tokens. Also an important part of the project is the ability to create new technologies based on the platform, as well as easy integration with other services.
Despite the fact that NEO is often called "Chinese Ether" and the fact that the Ether still occupies a higher position in the ratings, the product from OnChain has advantages that the Ether lacks. NEO is much more practical and functional. This, no doubt, opens up the potential to move the Airwaves in the ratings in the near future.
Let's see in detail how everything works. Transactions within the system are possible when paying a Commission. The Commission is paid in-system currency. That is, for the transaction you have to throw in the system additional "fuel". The developers of OnChain decided to create an additional in-system currency, called GAS, as a fuel (a means of paying commissions).
NEO mining is impossible. There is a final coin value of 100 million. 50 million thrown on the market during the ICO. The second half of the developers keep at home. However, GAS mining is possible. However, it occurs when holding coins in a purse. That is, the more tokens you have, the more GAS coins you can get to pay commissions. Today, 2000 coins in the wallet accumulate 1 coin GAS every twenty-four hours. Such mining is associated with the work of the network on the Proof-Of-Stake algorithm. Coins generate themselves. Without the use of farms of video cards and megawatts of electricity.

Like any cryptocurrency, NEO has advantages and disadvantages.
The benefits of NEO:
  • the publicity of the company and experienced team;
  • contracts and cooperation with corporate giants;
  • a wide functionality, much superior to the functionality of Ether (it is difficult for a simple person to understand what the salt is, but for a specialist NEO opens the widest horizons for development and operations);
  • activity in meetings and seminars;
  • active struggle of OnChain for legalization (although there are some problems with this now in China, however, there is a high probability that soon all issues with the government will be settled, which will attract large investors and significantly increase the already considerable capitalization of NEO).
The shortcomings of NEO:
  • all gas storage nodes belong to OnChain, that is, NEO is a centralized structure, although it is served as decentralized, this means that blockchains are in the hands of a narrow circle;
  • OnChain has the technical ability to monitor the transactions of coin owners, transmit information to the authorities, as well as personally block funds in users ' accounts and regulate the rate.
However, there are great economic and technical prospects for the development and increase in the price of the coin.

Difference between NEO and Bitcoin

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The main points that distinguish NEO from Bitcoin:

  • Direct mining of NEO is not feasible, you can only mine GAS to pay commissions.
  • Bitcoin mining depends on the power of the technical base of the miner. The larger the pool of farms from video cards, the more active is the production. In the NEO system, gas mining occurs exclusively due to the presence of coins in the wallet.
  • To organize a large Bitcoin mining requires large purchases of iron and organization of production (supply of high-power power supply line, cooling system, etc.). A direct injection of investment is sufficient for the development of GAS. Each purchased 2000 coins of "Chinese ether" will steadily accumulate exactly 1 coin of GAS per day.
  • Bitcoin has the most decentralized system of blockchains, as opposed to pseudo-centralization of NEO.
  • The processing speed of one NEO block is only 15 seconds. For bitcoin-as much as ten minutes. In the future, it is predicted to accelerate the processing of blocks for NEO to 1 second.
Despite the risks associated with the organization of blockchains, NEO remains a very promising platform in the cryptocurrency market.

NEO storage wallets

On the official NEO website you can find links to the following wallets.
  1. Wallet NEON-Wallet from the group of independent developers City of Zion. Quite good, but the factor of third-party development and the presence of bugs impose their risks.
  2. NEO-CLI. This wallet is recommended only for programmers and people who are good at command line.
  3. NEO-GUI. The best option for the average user. To use it, you need to download the application, synchronize the blockchains and make a backup of the wallet. All. Now you can safely carry out financial transactions using Chinese kryptonite.
There is also the option of storing directly on the exchanges, however it is risky. Also, holding coins on an exchange rather than in a personal NEO wallet will not generate GAS.

NEO: buying and sharing

https://preview.redd.it/5ovlowr3v1v31.png?width=750&format=png&auto=webp&s=ea4c20d0be463cbaaf14846db2355b77975cd296
NEO can be bought and sold on exchanges or exchanged in multi-currency wallets. The most famous exchanges:

  • Bittrex;
  • Binance;
  • CoinSpot;
  • YONBI;
  • JUBI;
  • Yuanbao;
  • 51szzc;
  • Yobtc.
As the value and popularity of NEO increases, a massive increase in trading platforms where you can buy or sell "Chinese Ether" is predicted.

Ways to get NEO

Unfortunately, at the moment there is no way FOR direct NEO mining in the manner of Bitcoins and Ether.
However, there is a way out. NEO cranes can be used. Cranes are resources where the user receives a cryptocurrency reward for performing certain tasks or participating in lotteries.
There is a high probability that if successful in the legalization negotiations, OneChain will provide additional ways to get their tokens.
As you can see, NEO is a very promising and rapidly developing cryptocurrency. And although the Chinese government has created some difficulties, on the example of Bitcoin, we see how high the rate of the crypto currency can rise if the factors interfering with the development disappear. So, the prospects of NEO are optimistic and you can risk investing in them.
submitted by AVAY11 to u/AVAY11 [link] [comments]

FCoin Sharing Session Q&A — 07/23/2018

FCoin Founder Mr. Zhang Jian Addressed the Most Controversial Questions about FCoin since its Launch.
(July 23, 2018) FCoin held an online media Q&A session on Monday with its founder, Mr. Zhang Jian replying the most controversial questions on FCoin, a digital asset trading platform that was launched barely two months ago but has already become the most talked about phenomenon in the industry.
These controversial topics include FCoin’s efforts in token-reforming, the general concept of token economy, the fluctuation of FCoin price and response to the recent negative comments and accusations made by Binance on FCoin. A complete Q&A could be found as below:
Q1: We have seen many new announcements issued by FCoin with lots of new concepts. Could you first elaborate on FCandy? Why do you start to return in FCandy instead of FT, what’s the strategy behind it? What do you think is the true value of FCandy and what is your expected price for it?
Answer1: Regarding FCandy, we mentioned before in our announcement that it is an assert pool in which all kinds of assets could be placed in. We actually have placed lots of FTs during the first round. What do we mean by “placing”, basically it’s equivalent to donation and what is its true value? I think it could benefit our entire community through our donation. It is clearly stated in our announcement that any digital assets could be placed in FCandy and FCandy will be issued according to a certain proportion, but to guarantee the real asset value of FCandy. However, the assets placed in FCandy pool no longer belong to those who place the assets but to the entire community which makes FCandy vitally different from the other asset pools or various products. We designed a lot of ways to give out FCandy to our community members. It doesn’t mean that we no longer return in FT, 100% transaction fee is still returned in FT, this is our set rule which will never be changed. Which are some of the situations where we will not return in FT? Anything but “Trans-fee mining” mechanism. Because all the other mechanism is simply activities. Like our referral programs, incentive programs and etc. These are community activities with the aim to motivate the communities and bring more benefits, so these are the responsibility that FCandy should assume. I do not need to elaborate on the value of FCandy. I encourage everyone to see the front page of FCandy in which the amount of assets are clearly indicated. In the future, a large number of project participators will place their assets into this pool. We will also initiate voting system and community members could vote on whether we should sell part of the assets and these sold asserts will belong to FCandy holders, similar to the concept as dividends. But this will be a plan in the far future, not to be realized recently. Regarding the price of FCandy, I cannot comment on this. Based on the asset pool, everyone can gauge its reasonable price range.
Q2: What’s the latest listing rules? Is the new FOne trading zone transferring the token-listing right to the certified organizations? What’s the FCoin’s standard in selecting a certified organization? What’s the difference in the responsibilities and rights of these certified organizations compared to the ones in the Stock market?
Answer 2: Some adjustments were made on the listing rules with the launch of FOne. What made us launch FOne? Actually, we have encountered some problems when doing GPM, i.e there is a long list of projects waiting to be listed which is far beyond the capacity of the platform itself. Most importantly, we encounter the problems of verifying its authenticity. Hence, in order to make the entire mechanism work better, the essence of FOne is to let FCoin certified organizations to screen quality projects. Every certified organization has its own zone that has the right to list tokens and set its own listing rules. We provide service and technical support to various certified organizations. This relationship will guarantee a healthy growth of FOne. As for the rights and responsibilities, these are vitally important as well. Since these trading zones are opened by certified organizations, they have the responsibility to guarantee the quality of its listing projects. FCoin retains the rights to review and verify the performance of these certified organizations and details will be released soon. We really hope that good projects could stand out from this innovative mechanism and this will help motivate the entire industry. Regarding the selection standards for the certified organizations, these are mainly the mainstream token fund in the industry. Easy to get in but difficult to get out. First of all, these organizations need to have certain reputation in the industry. We welcome them to join us as our certified organizations in the beginning but more strict standards will be launched later. In addition, we will also have control over the organization list and eliminate those who are not up to our standards. We will soon announce the list of our second batch of certified organizations. The entire crypto industry is not yet mature and it’s currently a mix of everything. We are trying to introduce step by step some mature models to break through the mess. We are on our way to a revolutionary future
Q3: Is FOne the trial zone of token-reforming for FCoin? What is the difference about listing rules and circulation mechanism between Main Board A & B? As a mature product or company, what are the necessary steps for token-reforming and what are the biggest difficulties and challenges during the process? Are there any successful cases on token-reforming before? To a mature community, the compliance and legitimacy of listing can be a sensitive topic, is this going to be a key obstacle for the improvement of token-reforming trial zone? How will you solve this problem? In your opinion, which industries will make progress first during Coin-reforming trial zone?
Answer 3: The answer to the first question is NO. It has clearly been stated in the announcement that token-reforming is not made by FOne. Token-reforming is in main Board C, right now we have main Board A & B; the mature blockchain projects are in main board A, and emerging projects in board B, while the token-reforming projects are in board C. FOne is the successor of the previous Innovation Zone on GPM with the aim to support startup projects. After the upgrading of the overall positioning, GPM will focus on supporting the long-term projects while the startup projects will move to FOne. FOne will transfer the listing power to certified organizations in order to attract more quality projects to get in in the early stage. As a matter of fact, token-reforming is not all that easy. We have just released an announcement on which a new project was applying to get listed on our main board C, of course there are many other projects doing so as well. We have to consider the project in a comprehensive manner, from the preparation, the qualification of the projects to the business model or the maturity of the business Situations(applications). There might be two ways for reforming, such as QOS, the one project that we have been observing and providing the technical support. It has applied to get listed on our main board C. QOS is a typical blockchain project with mature business applications and massive users, along with a solid preparation process. This kind of project is well prepared, that’s why it can enter the final verification and listing schedule stage very soon; as for some other projects, although they come from a mature company, they do not really understand the token economy, the listing process might take longer. In my opinion, we have to go through an important process to acknowledge the token economy, token and coin; Second, about how reforming can make a great influence, and connect its previous- designed products with business module, aligned them well and solve its previous conflicts of interest. That’s why reforming is quite difficult and challenging. To sum up I think there are two biggest difficulties for reform. First is the whole design of token economy model — it means completely different for different products or companies, even with different approaches , thus, quite challenging. Second is the overall interest arrangement. A mature product must face mature interest arrangement, including shareholder structure, existing resources and how to solve these problems. It requires of massive communication as well as knowledge and determinations to get all these problems solved. These two are the most difficulties we currently face. For the sensitive question about compliance, I think all innovations will face a certain kind of risk, the more subversive the innovation, the higher risk it may face, especially like token economy, as its target and core is to change the market relationships. It’s quite subversive and will meet lots of challenges never that have never been met before. Why people like to talk about the first person who eat the crab? If there is no challenges, people would just repeat doing things they have done like a hundred times before, but it’s not the case here. If you are willing to seize the opportunity of the new economy, you need to take risks and accept the challenges. I think it’s a trend for the future and it’s unstoppable. In addition, I don’t think it’s a key obstacle for a product or a company that are determined to explore in this direction. What I mentioned before are quite essential, firstly it has to be in the internet industry and financial industry, or the combination of these two, such as the finance technology. There are lots of opportunities within, so are in some other industries.
Q4: There are several institutions dabbling in Blockchain+Insurance model, however, this model has still not been widely applied. Therefore, will this new Insurance community FInsur just a publicity stunt? Is “Insurance is mining “ just some benefits to attract users, or is it a mutual insurance based on blockchain technology? How does this model work?
Answer 4: FInsur for sure is not publicity stunt. A lot of people doubted about FCoin when it first came out, is FCoin a publicity stunt? With the concept of “Trans-fee mining” being widely spread and recently became a trend, it is obvious that we are not a publicity stunt, otherwise it won’t show such a strong vitality. Therefore, the concept of “insurance is mining “is quite simple. I would like to repeat it again, it’s similar to FCoin essentially. What is the concept of “Trans-fee mining”? Clients and users of an exchange are the traders. As the core concept of token economy, I think the main targets of business service, is like the relationship between an exchange and its users, which is in opposite relationship. We hope that after the reforms by token economy, it can be an untied relationship, even for the sake of common interest. So let the traders be the shareholders of FCoin, that is the essence of “Trans-fee mining”. Likewise, let the insurance applicant become the shareholder of an insurance company, or at least make their interest consistent rather than conflicting (money-making vs money-losing), which is a long-term target for us, and also my initial intention. It’s hard to image vehicles on road without insurances. That’s why there is compulsory insurance like Compulsory Traffic Insurance and commercial insurance that we must pay. It also applies to ourown digital currencies & assets. Therefore, I don’t think FInsur is a publicity stunt, but will be a benchmark for innovation in this industry and bring in massive benefits.
Q5: How about the operation of stabilization funds launched by FCoin? Is this stabilization funds really effective on regulating the dramatic market fluctuation and keeping the price of FT stable?
Answer 5: We have just wrapped up a one-month life cycle of the Stabilization fund Phase I and it is already in the process of balancing, not running any more. I am not the one who has proposed the concept of stabilization fund. I have repeatedly said that for an emerging trading product or an emerging market, especially when it has great innovations, nobody knows how to price it correctly in the early stage. It will also suffer from all kinds of malicious attacks and various rumors under such a complicated market situation. Hence, the market fluctuations will be very dramatic in the short term. The stabilization fund was launched in this context. Can this fund really keep the market volatility stable? This mainly depends on the factors of market volatility and various other situations. The stabilization fund will certainly ease the dramatic fluctuations of the market. But will the price stop to fluctuate with the funds? Or will the price not rise and fall sharply? This is uncertain. Since the market price, especially short-term market behavior, is very complicated and thus very difficult to predict. So the fund can only ease the dramatic fluctuations. As some unstable factors are gradually eliminated, or as the platform matures, these unstable factors will be disappearing slowly. Say, there are huge trust issues in the earlier stages, however, as the platform continues to grow, these problems will be reduced accordingly. Now everyone feels that FCoin is a very reliable platform which has been working so hard to make the platform, the community and the whole ecosystem bigger. In this case, those difficulties that we encounter before won’t exist anymore. Our risk control in the early stage might not be that sharp, leading to the existence of some malicious short-selling and other hostile situations. With the gradual improvement and maturity of our backend monitoring system, I believe there will be less risks in this aspect. Therefore, the whole market will gradually become more healthy in the long run.
Q6: You mentioned that the explosive effect of FCoin is a victory for the “tokenomics.” Can you share with us your understanding of the “tokenomics”? What is its strong driving force? What distinguishes it from the traditional business model and incentive mechanism?
Answer 6: It is very hard for me to talk about my understanding of the tokenomics, since this topic is too big. But I can talk about some key points, such as what I just mentioned, “What is the strong driving force?” I just mentioned that the distinguished difference between the structure of the tokenomics design and the traditional business model and incentive mechanism is the reversal of the production relationship. How to reverse? As mentioned earlier, producers and consumers are a pair of relationships. The common form of the Internet is the relationship between the platform and its user. In fact, they are all similar. That is, the relationship between a service provider and a client, or the relationship between a product provider and a consumer. Under the traditional business model, this group of relationships must be antagonistic at the level of interests. Because the mission of a commercial organization is to make money. They earn money from consumers or users. Under the traditional business model, you buy any goods, or you consume any service, the only relationship between you and the service provider and the producer of the goods is that you pay him. Let us think about the reason why this commercial system can exist. It is because these users are paying so that the commercial system can exist. In other words, these consumers and users are the basis for the existence of this commercial system. But if this commercial system develops bigger, then it has nothing to do with the users which are the basis and premise of the existence of this commercial system. I think this is the problem of the traditional business model, and it will definitely face a big upgrade in the future. The big upgrade has started slowly now, and I think its solution is tokenomics. FCoin is such a practice of tokenomics. We found that as FCoin grows and matures, traders gradually become shareholders of FCoin. The trader not only becomes a user of the platform, but also contributes fees and transactions. At the same time, he can also get 100% return of the exchange’s “shares” FT. The returned FT can enjoy FCoin’s income distribution forever, and it is 80% of the income distribution. This is unimaginable in the traditional capital market. Let me give you an example. In the traditional capital market, basically everyone does not pay attention to dividends because they are so little. There are too many companies that don’t pay dividends all along the year. Everyone can check the dividends of the traditional market which are so little and nobody concerns about the dividends. The timeliness of dividends distribution is also executed poorly. As the price of crypto currency fluctuates dramatically, users do not feel the power of our model in the early stages. With the maturity of FCoin, they feel that our model of income distribution is extremely revolutionary. Firstly, its proportion of dividends distribution is so large. How about the traditional listed companies? They distribute neither revenues nor profits. It is possible that the companies might need to keep enough cash for development, so they do not distribute dividends. FCoin directly distribute income to users, the vast majority 80% of our revenues on a daily basis. This is an absolutely revolutionary concept in the traditional capital market. Because the entire concept of the so-called financial system and finance of the crypto industry has not yet been established, and it is still relatively chaotic, the crypto industry is still at a very early stage for the pricing and cognitions. The creation and power of FCoin and FT takes time to show, as I always say “let the bullets fly for a while.” The same is true for FInsur. I hope that in the future, various new models based on the creation of the tokenomics or the transformation of the original model will have the power to make our customers consistent with our interests . I have to say one more thing. I think that this power is actually much underestimated. Because once the production relationship changes, once the service provider and the client are in the same interests, the whole decision-making process, the starting point and mentality of decision-making, all community-based architecture and all future mechanism design and gameplay will change. I am appreciating this in a more in-depth sense now. Therefore, the future of the tokenomics will definitely show great vitality. It will have a huge impact on the original business model, commercial design and corporate system. This is my judgment on the future.
Q7: Many exchanges are allegedly using bots wash trading and their users are mostly zombie users who have no practical effect. Could you please tell us about how would FCoin gradually increase the number of real users so as to make the platform grow in a more healthy manner?
Answer 7: Time will prove everything. We are constantly upgrading and innovating. Everything we do is to make our various mechanism work in a more robust way. The number of FCoin users and daily transactions continue to grow and FCoin is definitely on the right track. Many people are still accusing us of hiring bots to do wash trading. As our platform matures, there is more Quantitative transaction going on which provides real benefits for our community members. If you pay attention to our recent changes on the platform, you could definitely feel it.
Q8: What has FCoin revolutionized the industry in terms of the rules, both the unspoken rules and the apparent rules?
Answer 8: First, I will talk about the unspoken rules. The biggest difference between FCoin and all the other exchanges is that when you open our front page, you could clearly see that almost all our data are transparent and as we continue to develop our products and enhance users experiences, the level of our transparency will only be elevated accordingly. This is something you cannot imagine in traditional industries. No company, in our times, would announce its revenue because they do not need to distribute their profits to their users. But we are different, we cannot fake our data. If you are a black box i.e a company that does not need to disclose data to the public, you actually have the opportunity to fake data. I’ve said many time before that it was ridiculous to accuse FCoin of bots wash trading. We simply cannot fake any data as otherwise we will not have enough funds to be distributed to our users. All our data is real and transparent which brings the first revolutionary change of rules in the industry. About the apparent rules. Many users said that FCoin still made a lot of money after they saw the platform had used all kinds of algorithms. But what I want to point out is that why not take a look at other exchanges that make huge amount of money but still give back nothing to its users? On our side, FCoin distribute 80% of daily revenues to its users and for quite a long period of time, even 100%. After the launch of FCandy, we spend a majority of platform’s daily revenue to buy back FTs which later on are distributed to its community members. I hope you can look further with FCoin. FT certainly has its market cap, but so long as you hold FTs even for just a day, you will be able to get your daily dividend from that day. That’s just the beginning of how FCoin is going to revolutionize this industry. Stay tuned!
Q9: Mr Zhang, you always say that the market will eventually see the value of FT, but the price of FT has been dropping drastically non-stop. Why is there a vast difference between what you see in the value of FT and what the market see it?
Answer 9: FCoin has just been launched for less than 2 months. It’s way too early to talk about the value of a new born thing. For instance, a lot of people asked me about Bitcoin many years ago, at a time when the price of Bitcoin kept dropping from 8,000 RMB to 900RMB. I told them that the value of Bitcoin needed to be evaluated in a 4-year full circle, not just for a few months. If you use a 4-year full circle to draw the candlestick of Bitcoin, what will you see? The short-term price is unpredictable and is being influenced by many factors in the short term, like the market supply, all kinds of different judgments, disapprovals of new things in the early days and even rumors, but in the long run, the price is surely determined by its value. I have some data in FCoin’s front page, our dynamic P/E ratio is 0.56 as of today. You can go to any A-share market to check their P/E ratio, especially those innovative internet companies or high tech companies and judge by yourself. As I mentioned earlier, we have upgraded our Incentive programs, it is now returned with FCandy instead of FT. Because FCandy is highly linked with any activities that benefit the entire community members. This will be our future principles. In the meantime, transaction fee is still returned 100% as in FT and this is some ething, I have reinforced many times, that we won’t change. Why? Because this is our basic model, everything that FCoin is based on which is to make traders as the shareholders of FCoin.
Q10: Mr. Zhang, my questions might come across as a bit of sharp. Two days ago, FCoin announced on its website that the price of FT has been fluctuating drastically and later on, some media reported that the price was being manipulated by a professional team called “Ghost in the Dark” and implied that it had something to do with Binance. Miss He Yi from Binance accused FCoin of paying for media to write negative articles about Binance. Do you have any comments on this? In addition, Mr. Zhao Chang Peng (CZ) from Binance remarked during a media Q&A session in Seoul that “FCoin won’t last long as it is constantly selling new tokens but the price of them keep on dropping.” Do you have anything to say to his remarks?
Answer 10: Your so called sharp questions are actually not sharp at all. First of all, we announced officially on our website that the price of FT encountered abnormal fluctuations because we had found malicious attack from a team that was deliberately short-selling FT and we have proof of it. That’s why some immediate action has been taken to limit the sales order in 3 trading pairs which effectively destroy the botting programming designed by that professional team. As for the media report, I do not want to comment on it, but they did report the same to us through their investigations. About CZ’s comments? Actions speak louder than words. Why does he keep on talking about me if I am not threatening him? This is weird, let the fact speak for itself.
Q11: FCoin has been launched for only 2 months but developed really rapidly with trading volumes topping the chart while it took Binance 3 months to become №1 with real trading volumes. FCoin is very strong with ecosystem, but users’ experience is really bad. No trading depth and the webpage get stuck all the time. The launched app version (still in beta) is even worse than a third-party app while it takes forever to launch an official version. My question is, as a digital trading platform, shouldn’t Trading experiences be respected and focused?
Answer 11: Your question is quite sharp. Trading, in many industries are indeed not well respected, but for FCoin, we have been trying our best to perfect it. There is a process for everything to grow in maturity. If it is something great, it is bound to be less mature in the early stage. More patience please and we welcome everyone to supervise and support us.
[More to the question] — My question of trading not being respected has another sense to it in terms of users’ experience. This should always be put in the priority but with FCoin, it is not the case. It seems that there are always be put in the priority but with FCoin, it is not the case. It seems that there are always things far more important than users’ experience but shouldn’t it be the core for any exchanges?
Answer 11: Apologies for my misunderstanding of part of your question. As for the priority, if you have to choose between platform’s security/stability and users’ experience, which one would you choose? We are still in the initial stage and have been developing really fast. Therefore, we have to contribute tremendously to the security and stability of the platform. The core of a mature exchange is not only about users’ experience. As we all know, we cannot really see an exchange model with the traditional capital market. When you are trading in stock exchanges, it’s the brokers that you see, not the exchanges. That’s why I think currently for us the main focus is still to improve our core strength and in the meantime, to perfect the trading experiences along the way.
submitted by FCoinOfficial to FCoin_Official [link] [comments]

Atomic Wallet; Let's Get Bitcoin with Our Credit Card!

Atomic Wallet; Let's Get Bitcoin with Our Credit Card!
https://preview.redd.it/nck9d9uw0lx21.png?width=640&format=png&auto=webp&s=8894783d1823779bafce7284d16d89190dcd362e
Hello Everyone! I feel so lucky today. I finally discovered a wallet that understands me. And I understand Atomic too.
Atomic wallet; do not look at the words "user-friendly" in quotation marks. I put it in quotes to get your attention. Atomic wallet is a gorgeous wallet design. I want to write this definition for Atomic wallet with both dark and big letters.

User-Friendly.

You may think I'm exaggerating, but those who have met Atomic wallet before are understanding and smiling.
Let me tell you my story from the beginning. When I first met blockchain technology, I was dazzled by what extraordinary technology could do. I was very impressed with revolutionary innovations such as P2P, distributed ledger technology, artificial intelligence algorithms, smart contracts, Internet of Things (IoT) and Big Data. I believe that digital money is our future, like everyone else affected by blockchain technology. I also wanted to buy crypto-money and be a crypto-money investor. Then don't ask — a real disappointment. As a user of crypto living in Turkey, it is almost impossible to buy crypto-money from one of the well-known Turkish sites with your debit card. It was also a nightmare to buy, and trade any digital currency with your traditional lira.
📷
https://preview.redd.it/4kynmkyozkx21.jpg?width=276&format=pjpg&auto=webp&s=44182dbae6c05c81ab86f9ab1b496b7d258be2f0
There were many blockchains such as Bitcoin, Ethereum, EOS, and Stellar. Many projects were launched every day. Almost every project opened its wallet. It was hard to go to the stock markets to trade with these coins and tokens, to make crypto-money that I wanted to save, to keep tens of public and private keys of the wallets. It was supposed to be a computer programmer, not a computer user. This is my complaint about the difficulty of handling and the complexity of the process. Besides, many stock markets don't give you your private key. You deliver all your personal information and the private key of your wallet to the stock exchange authorities. Hacking events or the negligence of the stock market workers can cause you to suffer a lot of damage at a time. Central stock markets are spooky. Finally, the commissions they receive during the transaction will cause you to get 20% more expensive each coin.
I'm sure those of you who haven't studied computer technology like me have understood me. I can write a book enough to tell me what happened to a coin I want to invest in. But it's not what I want to say to you. I want to talk about Atomic wallet, the one I just met today, who saved me from these troubles. Today I want to write a few words for the atomic wallet I encountered while researching to buy bitcoin. I'il tell you about the bitcoin purchase experience I've been through.
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https://preview.redd.it/huplw4ru0lx21.png?width=640&format=png&auto=webp&s=11e8888a69effb3295b778bd843d213640e6986a

WHY DID I CHOOSE ATOMIC WALLET?

First of all, it's a non-centralized wallet. It's crucial for security. A stock market supports up to (more than 300) coins. It only opens with the password you know. And private key is yours. Atomic wallet; wallet, stock market, and exchange platform. It has an excellent user-friendly interface (I'll show you the screen outputs at the bottom), not just the desktop, but also the mobile application options if you want to. Before further ado, I'll show you a short video that teaches me how to get Bitcoin. I have done the process efficiently with what is said in the video. Once you watch, You will not make mistakes in the process, and your fear will disappear, I promise.
https://youtu.be/V9Igzp9K37k

Now I'd like to share with you the adventure of getting Bitcoin with Atomic wallet. Should we start by downloading atomic wallet first? You can download your friendly atomic friend to your computer by pressing hereI start by opening my Atomic wallet on the desktop.
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https://preview.redd.it/jfhu2pbq0lx21.png?width=640&format=png&auto=webp&s=9d1f7e73547f8ee256d86a7e0db1a8ccb7d2f598
On this page, you can easily open your wallet with your password. With all the ease and helpfulness of Atomic wallet:
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https://preview.redd.it/tzhi0svn0lx21.png?width=605&format=png&auto=webp&s=bc1b382cac38e9eb28714a3339803efc11fe1f5c
All you must do here is press the Buy crypto tab from the menu on the left. The following screen will appear to you.
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https://preview.redd.it/p1272r4m0lx21.png?width=605&format=png&auto=webp&s=4858c1b8f026bcac77f04c22a5c02dfd0fb5d0d9
If you examine the screen on the left, you write how much USD you want to invest for the bitcoin. I tried to buy a $ 100 bitcoin. On this screen, I want to tell you about the Simplex platform, which you will see in the bottom left. Simplex, a strategic partner of atomic wallet, is an EU licensed card processing company.
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https://preview.redd.it/rxw4il7k0lx21.png?width=605&format=png&auto=webp&s=0f7b6a84baa31b9de86195e9edb221e73baa6281
When you want to get bitcoin, you need to introduce yourself to the system and provide your billing information when you are trading for the first time. After submitting your e-mail and phone number to Simplex, you will be presented with the payment screen.
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https://preview.redd.it/jgakxysb0lx21.png?width=605&format=png&auto=webp&s=f0342facc7d1d5e931b1746330da405f2236da4b
After this screen, you need to do KYC to protect yourself from illegal activities such as dirty money or terrorist financing. You only do this once, and then the system recognizes you. Do you worry about giving your data and bank card information here? Let me immediately explain that simplex works with an EU license and your personal data are secured.
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https://preview.redd.it/r65widve0lx21.png?width=640&format=png&auto=webp&s=556b55b40f14cb47f2da13a72952967e8c49bba4
It's that easy. No money transfer to exchange sites through banks. Don't buy bitcoin with high commissions on the stock market. Then don't move those Bitcoins paying the transfer fee back to their wallet. And with more than 300 coins and tokens, we have it now. The stock market is waiting for us in our digital wallet. The transaction fee is only 2%.

Summarize:

I'm not making investment recommendations for this project. However, I would recommend that you use our atomic friend. Atomic on the Binance DeX stock market. Whether Atomic Wallet's the iOS or Android app for your phone, or the desktop app, you can always experience the atomic wallet. You will understand that you have encountered one of the most robust projects.
Written By: N.ipek Celik
naz14: 0x3b19a4a034fd3687ba803a18f677927893dfeff
1.Note: As soon as you start trading in your wallet, there's an online help box that offers help from the bottom right corner of your screen, which is very comforting.
2.Note: I am adding links to guide you to download the wallet below and purchase the most preferred coins. I wish you all plenty of earnings.

Useful Links:

Atomic Wallet: https://atomicwallet.io
Buy Bitcoin - https://atomicwallet.io/buy-bitcoin
Buy Litecoin - https://atomicwallet.io/buy-litecoin
Buy Ethereum - https://atomicwallet.io/buy-ethereum
Buy Ripple - https://atomicwallet.io/buy-ripple
Buy Bitcoin Cash - https://atomicwallet.io/buy-bitcoin-cash
submitted by ipek1435 to ICOAnalysis [link] [comments]

LTO Network - Hybrid blockchain built for business

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INTRODUCTION
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We're celebrating the 10th year of Blockchain technology. During that time, we had a lot of experience. The market is slowly starting to fix itself. One of the biggest reasons for this is the increase in confidence in the market. The market-free elimination of fraud and security holes has made blockchain technology more powerful every day. It is possible to say that there are some difficulties because it is a very new technology. But if you think like me, you accept that block-chain technology is a weapon capable of changing our lives. The blockchain has been used today in banking, artificial intelligence, entertainment, municipalities, shopping and much more. The Fiat that we know is slowly reaching the power to do everything that money can do. The blockchain not only facilitated the use of money, but it also allowed us to use it in a very functional way. In addition, it seems to have done a lot better job in the distribution of income than the fiat money. But the blockchain should go on its way. This amazing technology that changes the way we look at money and banks, comes for more.
Problem Analysis
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Nowadays, many altcoin blockchains using a limited number of hybrid infrastructure. The most common and most known is Ethereum infrastructure. About 200 altcoins are using this infrastructure. In fact, Binance, the world's largest stock exchange, uses this infrastructure for its own coin, BNB. We should talk about Bitcoin's infrastructure, which dominates 52% of the market, according to Coinmarketcap data before going to the Ethereum. Compared to fiat money, Bitcoin's trading speed and commission fees are really incredible. Bitcoin operations can change blocks before 1 hour after the completion of the approval process. This means that the international fiat is much faster than monetary transactions and can be met with fewer commissions. But ten years after bitcoin's invention, we can say that we are now using much more advanced technology. For example, the Ethereum infrastructure can perform these operations in almost minutes. Projects such as EOS, which is also a blockchain, and other projects aim to shorten these times further. But it is a fact known by everyone that these infrastructures have problems with safety, speed and integration. Because of these vulnerabilities, the Crypto money worth millions of dollars each year is becoming the target of the attacks. This kind of situation that damages the blockchain technology also continues to be a serious obstacle to the realization of the blockchain Revolution. However, new projects, or rather projects that use a solid infrastructure, do not seem likely to encounter these problems in the future.
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What is the LTO network ?
LTO network is a decentralized and highly efficient blockchain infrastructure that provides maximum efficiency to its users and enables the integration of blockchain Infrastructures into existing systems ready for production. The LTO network project is a very advanced technology product with 10 years of blockchain experience. I remember the days when the project was chosen as the Most Valuable ICO of the year when the ICO was made in 2018. This year, the project has proven itself by providing services to various customers from around the world.
Business Process Modeling is a common strategy that small, medium and large enterprises use to maintain their business continuity. Creating a visual proof of a workflow process is a step by step to ensure that it is analyzed, developed and automated. Unlike procedures written in a native language or in a programming language, these models can be understood by both people and computers.
For inter-organizational collaboration, there is no modelling to enhance communication. The parties concerned must indicate the process to be used as a binding agreement; it is called a live contract on the LTO platform. The LTO platform creates a temporary blockchain for each live contract. This type of blockchain is not designed as a literal book.
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Who are the actors on the LTO Network?
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There are 4 different token holders in the LTO network system and they are classified.

Running node;

LTO Network Award pool and operating system
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We mentioned above that you have a chance to earn passive income through LTO network. These stakes vary according to the token that the customers hold. There are a number of rewards available for keeping these tokens in the wallet. And token holders are rewarded within the framework of the ratios shown below.

  1. If a user has 10% of the total number of tokens on the network and contributes 10% of the total transactions, this token holder's block validation rate will be 105%.
  2. If a user has 10% of the total token supply but does not contribute to any authentication transition based on network operations, the block validation rate will be below 5%.
The stake pool calculation of the LTO network is calculated by the following formula: a number of tokens staked/contribution to the approval of blocks. This process determines your rate of the number of tokens staked.
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LTO Blockchain and ERC-20 Wallet
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LTO network has 2 different coins. Since these coins are used for different purposes, they may also be used for different purposes. These two different coins can be exchanged with each other through "bridge troll". Odds are 1:1.
There is a system called “bridge” between the pools of the main net and ERC-20 tokens, and both pools serve different purposes.:

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4 Main Dynamics of LTO Network
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LTO network has shaped the project according to 4 main dynamics. These are development, growth, shaking-out and maturity.
The first of these stages, the relatively high level of Development, will be shared after token distribution. Those who buy this token early will be rewarded as a reward by bringing it to the "net zero" point mentioned in the chart.
At the stage of Growth, the passive customer ratio will increase to the extent that it is adapted to the platform. The speed of transactions will increase as you go to the "net zero" point.
"Net zero" incentives in the Shake-out will increase the founders. The entrance to the prize pool will be a bit narrower as the stakes increase.
In the process of Maturing, the market will grow as the majority of customers become partners. However, passive holders will be rewarded by the system with a much wider expansion of the stock rewards.
CONCLUSION
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Although the LTO network seems very complex, it is much more understandable when viewed closely. Since it has a much more advanced structure than other blockchain technologies, there are many opportunities to be gained from it. The system is already listed in Coinmarketcap and is traded on many stock markets. Anyone who wants to invest in this wonderful project and using the Node registered in the system can provide the opportunity to earn passive income. In addition, if you already have a cryptosystem, you can negotiate with the LTO network and get the chance to improve the quality of your business.
TOKEN ALLOCATION
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MEET THE TEAM
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For more information:
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📷 WEBSITE: https://lto.network 📷 TELEGRAM: https://t.me/joinchat/AJWQTUDKtDlsuGHVFb40eQ 📷 WHITEPAPER: https://lto.network/documents/LTO%20Network%20-%20Technical%20Paper.pdf 📷 TWITTER: https://twitter.com/ltonetwork 📷 MEDIUM: https://medium.com/ltonetwork 📷 REDDIT: https://www.reddit.com/livecontracts/ 📷 YOUTUBE: https://www.youtube.com/channel/UCaHcF-xterKYTKSpY4xgKiw 📷 GITHUB: https://github.com/legalthings
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LTO Wallet Adress: 3Jkjdy2bViwGsML6emPDAGBF5XC7MwYCq4g MEW: 0x30Da745c024923B55f3a73E530e18382eF2130eB Telegram:@nuxxorcoin
submitted by aerios01 to LTONetwork [link] [comments]

I’ve been researching privacy coins deeply and feel I’ve reached a sufficient findings to merit sharing my stance re SUMO.

By Taylor Margot. Everyone should read this!
THE BASICS
SUMOkoin is a fork of MONERO (XMR). XMR is a fork of Bytecoin. In my opinion, XMR is hands down the most undervalued coin in the top 15. Its hurdle is that people do not know how to price in privacy to the price of a coin yet. Once people figure out how to accurately assess the value privacy into the value of a coin, XMR, along with other privacy coins like SUMOkoin, will go parabolic.
Let’s be clear about something. I am not here to argue SUMOkoin is superior to XMR. That’s not what this article is about and frankly is missing the point. I don’t find the SUMOkoin vs. XMR debate interesting. From where I stand, investing in SUMOkoin has nothing to do with SUMOkoin overtaking XMR or who has superior tech. If anything, I think the merits of XMR underline the value of SUMOkoin. What I do find interesting is return on investment (“ROI”).
Imagine SUMO was an upcoming ICO. But you knew ahead of time that they had a proven product-market fit and an awesome, blue chip code base. That’s basically what you have in SUMO. Most good ICOs raise over 20mil (meaning their starting market cap is $20 mil) but after that, it’s a crapshoot. Investing in SUMO is akin to getting ICO prices but with the amount of information associated with more established coins.
Let me make one more thing clear. Investing is all about information. Specifically it’s about the information imbalance between current value and the quality of your information. SUMO is highly imbalanced.
The fact of the matter is that if you are interested in getting the vision and product/market fit of a $6 billion market cap coin for $20 mil, you should keep reading.
If you are interested in arguing about XMR vs. SUMOkoin, I point you to this infographic
Background
I’m a corporate tech & IP lawyer in Silicon Valley. My practice focuses on venture capital (“VC)”) and mergers & acquisitions (“M&A”). Recently I have begun doing more IP strategy. Basically I spend all day every day reviewing cap tables, stock purchase agreements, merger agreements and patent portfolios. I’m also the CEO of a startup (Scry Chat) and have a team of three full-time engineers.
I started using BTC in 2014 in conjunction with Silk Road and TOR. I recently had a minor conniption when I discovered how much BTC I handled in 2014. My 2017 has been good with IOTA at sub $0.30, POWR at $0.12, ENJIN at $0.02, REQ at $0.05, ENIGMA at $0.50, ITC (IoT Chain) and SUMO.
My crypto investing philosophy is based on betting long odds. In the words of Warren Buffet, consolidate to get rich, diversify to stay rich. Or as I like to say, nobody ever got rich diversifying.
That being said I STRONGLY recommend you have an IRA and/or 401(k) in place prior to venturing into crypto. But when it comes to crypto, I’d rather strike out dozens of times to have a chance at hitting a 100x home run. This approach is probably born out of working with VCs in Silicon Valley who do the same only with companies, not coins. I view myself as an aggressive VC in the cryptosphere.
The Number 1 thing I’ve taken away from venture law is that it pays to get in EARLY.
Did you know that the typical founder buys their shares for $0.00001 per share? So if a founder owns 5 million shares, they bought those shares for $50 total. The typical IPO goes out the door at $10-20 per share. My iPhone calculator says ERROR when it tries to divide $10/0.00001 because it runs out of screen real estate.
At the time of this writing, SUMO has a Marketcap of $18 million. That is 3/10,000th or 1/3333th. Let that sink in for a minute. BCH is a fork of BTC and it has the fourth largest market cap of all cryptos. Given it’s market cap, I am positive SUMO is the best value proposition in the Privacy Coin arena at the time of this writing. *
ROI MERITS OF SUMOkoin
So what’s so good about SUMOkoin? Didn’t you say it was just a Monero knock-off?
1) Well, sort of. SUMO is based on CryptoNote and was conceived from a fork of Monero, with a little bit of extra privacy thrown in. It would not be wrong to think SUMO is to Litecoin as XMR is to Bitcoin.
2) Increased Privacy. Which brings us to point 2. SUMO is doing several things to increase privacy (see below). If Monero is the King of Privacy Coins, then SUMO is the Standard Bearer fighting on the front lines. Note: Monero does many of these too (though at the time of fork XMR could not). Don’t forget Monero is also 5.8 billion market cap to SUMO’s 18 million.
a) RingCT. All transactions since genesis are RingCT (ring confidential transactions) and the minimum “mixin” transactions is 13 (12 plus the original transaction). This passes the threshold to statistically resist blockchain attacks. No transactions made on the SUMO blockchain can ever be traced to the actual participants. Nifty huh? Monero (3+1 mixins) is considering a community-wide fork to increase their minimum transactions to 6, 9, or 12. Not a bad market signal if you’re SUMOkoin eh?
b) Sub-addresses. The wallet deploys disposable sub-addresses to conceal your real sumo wallet address even from senders (who typically would need to know your actual address to send currency). Monero also does this.
3) Fungibility aka “Digital Cash” aka Broad Use Case. “Fungibility” gets thrown about a bunch but basically it means ‘how close is this coin to cash in terms of usage?’ SUMO is one of a few cryptos that can boast true fungibility — it acts just like physical cash i.e. other people can never trace where the money came from or how many coins were transferred. MONERO will never be able to boast this because it did not start as fungible.
4) Mining Made Easy Mode. Seeing as SUMO was a fork, and not an ICO, they didn’t have to rewrite the wheel. Instead they focused on product by putting together solid fundamentals like a great wallet and a dedicated mining app. Basically anyone can mine with the most intuitive GUI mining app out there. Google “Sumo Easy Miner” – run and mine.
5) Intuitive and Secure Wallet. This shouldn’t come as a surprise, yet in this day and age, apparently it is not a prereq. They have a GUI wallet plus those unlimited sub-addresses I mentioned above. Here’s the github if you’d like to review: https://github.com/sumoprojects/SumoGUIWallet The wallet really is one of the best I have seen (ENJIN’s will be better). Clear, intuitive, idiot proof (as possible).
6) Decentralization. SUMO is botnet-proof, and therefore botnet mining resistant. When a botnet joins a mining pool, it adjusts the mining difficulty, thereby balancing the difficulty level of mining.
7) Coin Emission Scheme. SUMO’s block reward changes every 6-months as the following “Camel” distribution schema (inspired by real-world mining production like of crude oil, coal, etc. that is often slow at first, then accelerated in before decline and depletion). MONERO lacks this schema and it is significant. Camel ensures that Sumokoin won’t be a short-lived phenomena. Specifically, since Sumo is proof-of-work, not all SUMO can be mined. If it were all mined, miners would no longer be properly incentivized to contribute to the network (unless transaction fees were raised, which is how Bitcoin plans on handling when all 21 million coins have been mined, which will go poorly given that people already complain about fees). A good emission scheme is vital to viability. Compare Camel and Monero’s scheme if you must: https://github.com/sumoprojects/sumokoin/blob/mastescripts/sumokoin_camel_emission_cal.cpp vs. https://monero.stackexchange.com/questions/242/how-was-the-monero-emission-curve-chosen/247.
8) Dev Team // Locked Coins // Future Development Funds. There are lots of things that make this coin a ‘go.’ but perhaps the most overlooked in crypto is that the devs have delivered ahead of schedule. If you’re an engineer or have managed CS projects, you know how difficult hitting projected deadlines can be. These guys update github very frequently and there is a high degree of visibility. The devs have also time-locked their pre-mine in a publicly view-able wallet for years so they aren’t bailing out with a pump and dump. The dev team is based in Japan.
9) Broad Appeal. If marketed properly, SUMO has the ability to appeal to older individuals venturing into crypto due to the fungibility / similarities to cash. This is not different than XMR, and I expect it will be exploited in 2018 by all privacy coins. It could breed familiarity with new money, and new money is the future of crypto.
10) Absent from Major Exchanges. Thank god. ALL of my best investments have happened off Binance, Bittrex, Polo, GDAX, etc. Why? Because by the time a coin hits a major exchange you’re already too late. Your TOI is fucked. You’re no longer a savant. SUMO is on Cryptopia, the best jenky exchange.
11) Marketing. Which brings me to my final point – and it happens to be a weakness. SUMO has not focused on marketing. They’ve instead gathered together tech speaks for itself (or rather doesn’t). So what SUMO needs a community effort to distribute facts about SUMO’s value prop to the masses. A good example is Vert Coin. Their team is very good at disseminating information. I’m not talking about hyping a coin; I’m talking about how effectively can you spread facts about your product to the masses.
To get mainstream SUMO needs something like this VertCoin post: https://np.reddit.com/vertcoin/comments/7ixkbf/vertbase_a_vertcoin_to_usd_exchange/
MARKET CAP DISCUSSION
For a coin with using Monero’s tech, 20 million is minuscule. For any coin 20 mil is nothing. Some MC comparisons [as of Jan 2, 2017]:
Let’s talk about market cap (“MC”) for a minute.
It gets tossed around a lot but I don’t think people appreciate how important getting in as early as possible can be. Say you buy $1000 of SUMO at 20 mil MC. Things go well and 40 million new money gets poured into SUMO. Now the MC = 60 million. Your ROI is 200% (you invested $1,000 and now you have 3,000, netting 2,000).
Now let’s says say you bought at 40 million instead of 20 million. $20 mill gets poured in until the MC again reaches 60 mil. Your ROI is 50% (you put in $1,000, you now have 1,500, netting 500).
Remember: investing at 20 mil MC vs. 40 mil MC represents an EXTREMELY subtle shift in time of investment (“TOI”). But the difference in net profit is dramatic. the biggest factor is that your ROI multiplier is locked in at your TOI — look at the difference in the above example. 200% ROI vs. 50% ROI. That’s huge. But the difference was only 20 mil — that’s 12 hours in the crypto world.
I strongly believe SUMO can and will 25x in Q1 2018 (400m MC) and 50x by Q4 2018 reach. There is ample room for a tricked out Monero clone at 1 bil MC. That’s 50x.
Guess how many coins have 500 mil market caps? 58 as of this writing. 58! Have many of these coins with about ~500 mil MC have you heard of?
MaidSafeCoin?
Status?
Decred?
Veritaseum?
DRAGONCHAIN ARE YOU KIDDING ME
THE ROLE OF PRIVACY
I want to close with a brief discussion of privacy as it relates to fundamental rights and as to crypto. 2018 will be remembered as the Year of Privacy Coins. Privacy has always been at the core of crypto. This is no coincidence. “Privacy” is the word we have attached to the concept of possessing the freedom to do as you please within the law without explaining yourself to the government or financial institution.
Discussing privacy from a financial perspective is difficult because it has very deep political significance. But that is precisely why it is so valuable.
Privacy is the right of billions of people not to be surveilled. We live in a world where every single transaction you do through the majority financial system is recorded, analyzed and sold — and yet where the money goes is completely opaque. Our transactions are visible from the top, but we can’t see up. Privacy coins turn that upside down.
Privacy is a human right. It is the guarantor of American constitutional freedom. It is the cornerstone of freedoms of expression, association, political speech and all our other freedoms for that matter. And privacy coins are at the root of that freedom. What the internet did for freedom of information, privacy coins will do for freedom of financial transactions.
POST SCRIPT: AN ENGINEER’S PERSPECTIVE
Recently a well respected engineer reached out to me and had this to say about SUMO. I thought I’d share.
"I’m messaging you because I came at this from a different perspective. For reference, I started investing in Sumo back when it was around $0.5 per coin. My background is in CS and Computer Engineering. I currently research in CS.
When I was looking for a coin to invest in, I approached it in a completely different way from what you described in your post, I first made a list of coins with market caps < 20m, and then I removed all the coins that didn’t have active communities.
Next, because of my background, I read through the code for each of the remaining coins, and picked the coins which had both frequent commits to GitHub (proving dev activity), and while more subjective, code that was well written. Sumo had both active devs, and (very) well written code.
I could tell that the people behind this knew what they were doing, and so I invested.
I say all of this, because I find it interesting how we seem to have very different strategies for selecting ‘winners’ but yet we both ended up finding Sumo."

Legal Disclaimer:
THIS POST AND ANY SUBSEQUENT STATEMENTS BY THE AUTHOR DO NOT CONSTITUTE LEGAL OR FINANCIAL ADVICE AND IS NOT INTENDED TO BE LEGAL OR FINANCIAL ADVICE OR RELIED UPON. NO REFERENCES TO THIS POST SHALL BE CONSTRUED AS LEGAL OR FINANCIAL ADVICE. THIS POST REPRESENTS THE LONE OPINION OF A NON-SOPHISTICATED INVESTOR.
submitted by MaesterEmi to CryptoCurrency [link] [comments]

[uncensored-r/CryptoCurrency] I’ve been researching privacy coins deeply and feel I’ve reached a sufficient findings to merit s...

The following post by MaesterEmi 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/7qfr3r
The original post's content was as follows:
By Taylor Margot. Everyone should read this!
THE BASICS
SUMOkoin is a fork of MONERO (XMR). XMR is a fork of Bytecoin. In my opinion, XMR is hands down the most undervalued coin in the top 15. Its hurdle is that people do not know how to price in privacy to the price of a coin yet. Once people figure out how to accurately assess the value privacy into the value of a coin, XMR, along with other privacy coins like SUMOkoin, will go parabolic.
Let’s be clear about something. I am not here to argue SUMOkoin is superior to XMR. That’s not what this article is about and frankly is missing the point. I don’t find the SUMOkoin vs. XMR debate interesting. From where I stand, investing in SUMOkoin has nothing to do with SUMOkoin overtaking XMR or who has superior tech. If anything, I think the merits of XMR underline the value of SUMOkoin. What I do find interesting is return on investment (“ROI”).
Imagine SUMO was an upcoming ICO. But you knew ahead of time that they had a proven product-market fit and an awesome, blue chip code base. That’s basically what you have in SUMO. Most good ICOs raise over 20mil (meaning their starting market cap is $20 mil) but after that, it’s a crapshoot. Investing in SUMO is akin to getting ICO prices but with the amount of information associated with more established coins.
Let me make one more thing clear. Investing is all about information. Specifically it’s about the information imbalance between current value and the quality of your information. SUMO is highly imbalanced.
The fact of the matter is that if you are interested in getting the vision and product/market fit of a $6 billion market cap coin for $20 mil, you should keep reading.
If you are interested in arguing about XMR vs. SUMOkoin, I point you to this infographic
Background
I’m a corporate tech & IP lawyer in Silicon Valley. My practice focuses on venture capital (“VC)”) and mergers & acquisitions (“M&A”). Recently I have begun doing more IP strategy. Basically I spend all day every day reviewing cap tables, stock purchase agreements, merger agreements and patent portfolios. I’m also the CEO of a startup (Scry Chat) and have a team of three full-time engineers.
I started using BTC in 2014 in conjunction with Silk Road and TOR. I recently had a minor conniption when I discovered how much BTC I handled in 2014. My 2017 has been good with IOTA at sub $0.30, POWR at $0.12, ENJIN at $0.02, REQ at $0.05, ENIGMA at $0.50, ITC (IoT Chain) and SUMO.
My crypto investing philosophy is based on betting long odds. In the words of Warren Buffet, consolidate to get rich, diversify to stay rich. Or as I like to say, nobody ever got rich diversifying.
That being said I STRONGLY recommend you have an IRA and/or 401(k) in place prior to venturing into crypto. But when it comes to crypto, I’d rather strike out dozens of times to have a chance at hitting a 100x home run. This approach is probably born out of working with VCs in Silicon Valley who do the same only with companies, not coins. I view myself as an aggressive VC in the cryptosphere.
The Number 1 thing I’ve taken away from venture law is that it pays to get in EARLY.
Did you know that the typical founder buys their shares for $0.00001 per share? So if a founder owns 5 million shares, they bought those shares for $50 total. The typical IPO goes out the door at $10-20 per share. My iPhone calculator says ERROR when it tries to divide $10/0.00001 because it runs out of screen real estate.
At the time of this writing, SUMO has a Marketcap of $18 million. That is 3/10,000th or 1/3333th. Let that sink in for a minute. BCH is a fork of BTC and it has the fourth largest market cap of all cryptos. Given it’s market cap, I am positive SUMO is the best value proposition in the Privacy Coin arena at the time of this writing. *
ROI MERITS OF SUMOkoin
So what’s so good about SUMOkoin? Didn’t you say it was just a Monero knock-off?
1) Well, sort of. SUMO is based on CryptoNote and was conceived from a fork of Monero, with a little bit of extra privacy thrown in. It would not be wrong to think SUMO is to Litecoin as XMR is to Bitcoin.
2) Increased Privacy. Which brings us to point 2. SUMO is doing several things to increase privacy (see below). If Monero is the King of Privacy Coins, then SUMO is the Standard Bearer fighting on the front lines. Note: Monero does many of these too (though at the time of fork XMR could not). Don’t forget Monero is also 5.8 billion market cap to SUMO’s 18 million.
a) RingCT. All transactions since genesis are RingCT (ring confidential transactions) and the minimum “mixin” transactions is 13 (12 plus the original transaction). This passes the threshold to statistically resist blockchain attacks. No transactions made on the SUMO blockchain can ever be traced to the actual participants. Nifty huh? Monero (3+1 mixins) is considering a community-wide fork to increase their minimum transactions to 6, 9, or 12. Not a bad market signal if you’re SUMOkoin eh?
b) Sub-addresses. The wallet deploys disposable sub-addresses to conceal your real sumo wallet address even from senders (who typically would need to know your actual address to send currency). Monero also does this.
3) Fungibility aka “Digital Cash” aka Broad Use Case. “Fungibility” gets thrown about a bunch but basically it means ‘how close is this coin to cash in terms of usage?’ SUMO is one of a few cryptos that can boast true fungibility — it acts just like physical cash i.e. other people can never trace where the money came from or how many coins were transferred. MONERO will never be able to boast this because it did not start as fungible.
4) Mining Made Easy Mode. Seeing as SUMO was a fork, and not an ICO, they didn’t have to rewrite the wheel. Instead they focused on product by putting together solid fundamentals like a great wallet and a dedicated mining app. Basically anyone can mine with the most intuitive GUI mining app out there. Google “Sumo Easy Miner” – run and mine.
5) Intuitive and Secure Wallet. This shouldn’t come as a surprise, yet in this day and age, apparently it is not a prereq. They have a GUI wallet plus those unlimited sub-addresses I mentioned above. Here’s the github if you’d like to review: https://github.com/sumoprojects/SumoGUIWallet The wallet really is one of the best I have seen (ENJIN’s will be better). Clear, intuitive, idiot proof (as possible).
6) Decentralization. SUMO is botnet-proof, and therefore botnet mining resistant. When a botnet joins a mining pool, it adjusts the mining difficulty, thereby balancing the difficulty level of mining.
7) Coin Emission Scheme. SUMO’s block reward changes every 6-months as the following “Camel” distribution schema (inspired by real-world mining production like of crude oil, coal, etc. that is often slow at first, then accelerated in before decline and depletion). MONERO lacks this schema and it is significant. Camel ensures that Sumokoin won’t be a short-lived phenomena. Specifically, since Sumo is proof-of-work, not all SUMO can be mined. If it were all mined, miners would no longer be properly incentivized to contribute to the network (unless transaction fees were raised, which is how Bitcoin plans on handling when all 21 million coins have been mined, which will go poorly given that people already complain about fees). A good emission scheme is vital to viability. Compare Camel and Monero’s scheme if you must: https://github.com/sumoprojects/sumokoin/blob/mastescripts/sumokoin_camel_emission_cal.cpp vs. https://monero.stackexchange.com/questions/242/how-was-the-monero-emission-curve-chosen/247.
8) Dev Team // Locked Coins // Future Development Funds. There are lots of things that make this coin a ‘go.’ but perhaps the most overlooked in crypto is that the devs have delivered ahead of schedule. If you’re an engineer or have managed CS projects, you know how difficult hitting projected deadlines can be. These guys update github very frequently and there is a high degree of visibility. The devs have also time-locked their pre-mine in a publicly view-able wallet for years so they aren’t bailing out with a pump and dump. The dev team is based in Japan.
9) Broad Appeal. If marketed properly, SUMO has the ability to appeal to older individuals venturing into crypto due to the fungibility / similarities to cash. This is not different than XMR, and I expect it will be exploited in 2018 by all privacy coins. It could breed familiarity with new money, and new money is the future of crypto.
10) Absent from Major Exchanges. Thank god. ALL of my best investments have happened off Binance, Bittrex, Polo, GDAX, etc. Why? Because by the time a coin hits a major exchange you’re already too late. Your TOI is fucked. You’re no longer a savant. SUMO is on Cryptopia, the best jenky exchange.
11) Marketing. Which brings me to my final point – and it happens to be a weakness. SUMO has not focused on marketing. They’ve instead gathered together tech speaks for itself (or rather doesn’t). So what SUMO needs a community effort to distribute facts about SUMO’s value prop to the masses. A good example i...
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Bitcoin Ethereum Litecoin Ripple Binance Technical Analysis Chart 5/23/2019 by ChartGuys.com Will the Bitcoin Price DUMP as soon as Binance re-opens? Binance BITCOIN PRICE OVER $16000  DIFFICULTY CHANGED! Bitcoin Ethereum Litecoin Ripple Binance Technical Analysis Chart 6/28/2019 by ChartGuys.com #Binance Futures - Trade Bitcoin, altcoins and more with up to 125x leverage Bitcoin Options Traing & Ethereum Options Trading Introduction - Binance JEX Options Trading Guide Binance Coin + Stock Exchange, KIN Returns, Stablecoin Risk & Five Crypto Basket How To Move Your Altcoins From Binance To Bittrex BITCOIN MINING DIFFICULTY EXPLAINED IN 10 MINUTES!

Bitcoin (BTC) mining difficulty has reached a new record high. It comes after last week’s record high of the hash rate. Bitcoin (BTC) hash rate saw a record increase of +9.89% to slightly over ... Binance users also had trouble accessing the stock exchange around this time on September 2. This collapse that Binance experienced last week caused the Bitcoin price to drop by hundreds of dollars within a few minutes. Bitcoin exchange Binance is experiencing a similar problem today. Social media posts show that many Binance users around the world cannot access the stock market. Bitcoin hashrate, the measure of the computing power on the Bitcoin network, has been in the fall for the past weeks. Just yesterday, Cryptopolitan reported Bitcoin difficulty is also expected to undergo an imminent increase of 8% or so this week if it hasn’t already (charts are lagging a day or so). LongHash has been looking into the trends to see if there is any correlation between these metrics and bitcoin prices. Historical Bitcoin Buy Signal. The Bitcoin difficulty ribbon was created by chartist Willy Woo. It consists of simple moving averages of network difficulty enabling the rate of change of difficulty to be easily seen. Periods of high ribbon compression, such as the current situation, have been historically good buying opportunities. There have been several significant price increases over ... The Binance acquisition of coinmarketcap.com is ostensibly a cash-and-stock deal that involves $400 million. Speculators assume that it will be the largest acquisition within the cryptocurrency ... Bitcoin recently had its most significant mining difficulty drop in nearly ten years, automatically adjusted by 16%. BTC is below $14K.

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Bitcoin Ethereum Litecoin Ripple Binance Technical Analysis Chart 5/23/2019 by ChartGuys.com

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