Winklevoss Twins Plan First Fund for Bitcoins ketteringse

Buy Bitcoin not Gold- Mike Novogratz

Michael Novogratz is a veteran Wall Street fund manager and cryptocurrency maven who readily acknowledges when he earns a “black eye,” while Dave Portnoy is the brash founder of a media empire who only recently began touting stocks and has disparaged Warren Buffett.
Their backgrounds and personalities may be vastly different, but both are now offering the same investment recommendation: Bitcoin is a better long-term bet than gold.
In an appearance on Bloomberg Television, Novogratz — founder of Galaxy Digital Holdings Ltd. — said that although he sees gold climbing above its record highs, Bitcoin is still the more worthy investment because it’s “harder to buy” than the traditional haven. He said about 25% of his net worth is tied up in the cryptocurrency.
“It’s only got a $20 billion market cap, while gold is over $10 trillion,” Novogratz said of Bitcoin. “So it’s got a long way to go to catch gold in terms of just adoption.” Still, he doesn’t recommend beginners put in more than 1-2% of their money into the digital currency.
Novogratz said Bitcoin had “crossed the Rubicon” on the question of whether it’s a good store of value. Now, more institutions and banks are considering how to get into the cryptocurrency, compared with a few years earlier when they viewed it more skeptically, he said.
Barstool Sports founder Portnoy, meanwhile, was sold on the cryptocurrency after being pitched by Cameron and Tyler Winklevoss. In a video posted on Portnoy’s Twitter feed, the twin brothers — who founded crypto exchange Gemini Trust — say Bitcoin has the potential to replace gold as a store of value. Their reasoning? They claim that Elon Musk has plans to mine gold from asteroids.

In a tweet after his interview with the Winklevoss twins, Portnoy suggested he has bought $1 million worth of Bitcoin.
Bitcoin, the largest cryptocurrency, has been on a roller coaster in 2020. After sliding below $4,000, it’s zoomed up and is around $11,800. It’s seen further acceptance in the mainstream investment community, experienced a “halving” where the rate of Bitcoin created dropped by 50% as of May, and seen correlations with gold rise to records.
In the case of bullion, prices have been on a tear this year as central banks worldwide took steps to shore up ailing economies in the wake of the coronavirus crisis and investors sought a haven from the turmoil. The precious metal is up 28% this year to about $1,945, with Credit Suisse Group raising its bullion forecast for next year to $2,500 due to a “perfect storm” of factors.
https://www.bloomberg.com/news/articles/2020-08-14/buy-bitcoin-or-gold-novogratz-and-portnoy-prefer-the-cryptocurrency?sref=xTkgnLSf
submitted by Zilllnaijaboy99 to investing [link] [comments]

ARCHIVE: I Am A Time Traveler From The Future, Here To Beg You To Stop What You Are Doing

the original post was just deleted a few minutes ago. (it was deleted around 7:45pm EST on March 8, 2019)

Wanted to be sure the original text was still visible. I copied / pasted this from the Internet Wayback Machine. Snapshot pasted below is from 9/11/2018: https://web.archive.org/web/20180911055950/https://www.reddit.com/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/

Original Post from u/Luka_Magnotta

I am a time-traveler from the future, here to beg you to stop what you are doing.

I am sending this message from the year 2025. Things are looking bleak here, and some of you will carry blood on your hands.
If you don't believe me, please move on, as I have no way of proving to you I'm really who I claim to be.
I don't want to waste any of your time, so I'm merely going to explain what happened.
On average, every year so far, the value of Bitcoin has increased by about a factor ten. From 0.1 dollar in 2010, to 1 dollar in 2011, to 10 dollar in 2012, to 100 dollar in 2013. From now on, there's a slight slowdown, as the value increased by a factor ten every two years, to 1,000 dollar in 2015, to 10,000 in 2017, 100,000 in 2019, and 1,000,000 in 2021. From here onwards, there's no good way of expressing its value in dollars, as the dollar is no longer used, nor is any central bank issued currency for that matter. There are two main forms of wealth in today's world. Land and cryptocurrency.
There are just over 19 million Bitcoin known to be used in the world today, as well as a few hundred thousand that were permanently lost, and we're still dealing with a population of just over 7 billion people today. On average, this means the average person owns just under 0.003 bitcoin. However, due to the unequal distribution of wealth in my world, the mean person owns just 0.001 bitcoin. That's right, most of you reading this today are rich. I personally live next to an annoying young man who logged into his old Reddit account two years ago and discovered that he received a tip of 0.01 Bitcoin back in 2013 for calling someone a "faggot" when he was a 16 year old boy. Upon making this discovery he bought an airline ticket, left his house without telling anyone anything and went to a Citadel.
"What is a Citadel?" you might wonder. Well, by the time Bitcoin became worth 1,000 dollar, services began to emerge for the "Bitcoin rich" to protect themselves as well as their wealth. It started with expensive safes, then began to include bodyguards, and today, "earlies" (our term for early adapters), as well as those rich whose wealth survived the "transition" live in isolated gated cities called Citadels, where most work is automated. Most such Citadels are born out of the fortification used to protect places where Bitcoin mining machines are located. The company known as ASICminer to you is known to me as a city where Mr. Friedman rules as a king.
In my world, soon to be your world, most governments no longer exist, as Bitcoin transactions are done anonymously and thus most governments can enforce no taxation on their citizens. Most of the success of Bitcoin is due to the fact that Bitcoin turned out to be an effective method to hide your wealth from the government. Whereas people entering "rogue states" like Luxemberg, Monaco and Liechtenstein were followed by unmanned drones to ensure that governments know who is hiding wealth, no such option was available to stop people from hiding their money in Bitcoin.
Governments tried to stay relevant in my society by buying Bitcoin, which just made the problem worse, by increasing the value of Bitcoin. Governments did so in secret of course, but my generation's "Snowdens" are in fact greedy government employees who transferred Bitcoin to their own private account, and escaped to anarchic places where no questions are asked as long as you can cough up some money.
The four institutions with the largest still accessible Bitcoin balance are believed to be as following:
-ASICminer - 50,000 Bitcoin
-The IMF's "currency stabilization fund" - 70,000 Bitcoin
-Government of Saudi Arabia - 110,000 Bitcoin
-The North Korean government - 180,000 Bitcoin
Economic growth today is about -2% per year. Why is this? If you own more than 0.01 Bitcoin, chances are you don't do anything with your money. There is no inflation, and thus no incentive to invest your money. Just like the medieval ages had no significant economic growth, as wealth was measured in gold, our society has no economic growth either, as people know their 0.01 Bitcoin will be enough to last them a lifetime. The fact that there are still new Bitcoin released is what prevents our world from collapse so far it seems, but people fear that the decline in inflation that will occur during the next block halving may further wreck our economy.
What happened to the Winklevoss twins? The Winklevoss twins were among the first to die. After seeing the enormous damage done to the fabric of society, terrorist movements emerged that sought to hunt down and murder anyone known to have a large balance of Bitcoin, or believed to be responsible in any way for the development of cryptocurrency. Ironically, these terrorist movements use Bitcoin to anonymously fund their operations.
Most people who own any significant amount of Bitcoin no longer speak to their families and lost their friends, because they had to change their identities. There have been also been a few suicides of people who could not handle the guilt after seeing what happened to the bag-holders, the type of skeptical people who continued to believe it would eventually collapse, even after hearing the rumors of governments buying Bitcoin. Many people were taken hostage, and thus, it is suspected that 25% percent of "Bitcoin rich" actually physically tortured someone to get him to spill his password.
Why didn't we abandon Bitcoin, and move to another system? Well, we tried of course. We tried to step over to an inflationary cryptocurrency, but nobody with an IQ above 70 was willing to step up first and volunteer. After all, why would you voluntarily invest a lot of your money into a currency where you know your wealth will continually decline? The thing that made Bitcoin so dangerous to society was also what made it so successful. Bitcoin allows us to give into our greed.
In Africa, surveys show that an estimated 70% of people believe that Bitcoin was invented by the devil himself. There's a reason for this. It's a very sensitive issue that today is generally referred to as "the tragedy". The African Union had ambitious plans to help its citizens be ready to step over to Bitcoin. Governments gave their own citizens cell phones for free, tied to their government ID, and thus government sought to integrate Bitcoin into their economy. All went well, until "the tragedy" that is. A criminal organization, believed to be located in Russia, exploited a hardware fault in the government issued cell phones. It's believed that the entire continent of Africa lost an estimated 60% of its wealth in a period of 48 hours. What followed was a period of chaos and civil war, until the Saudi Arabian and North Korean governments, two of the world's major superpowers due to their authoritarian political system's unique ability to adapt to the "Bitcoin challenge", divided most African land between themselves and were praised as heroes by the local African population for it.
You might wonder, what is our plan now? It's clear that the current situation can not be sustained, without ending in a nuclear holocaust. I am part of an underground network, who seek to launch a coordinated attack against the very infrastructure of the Internet itself. We have at our disposal about 20 nuclear submarines, which we will use to cut all underwater cables between different continents. After this has been successfully achieved, we will launch a simultaneous nuclear pulse attack on every densely population area of the world. We believe that the resulting chaos will allow the world's population to rise up in revolt, and destroy as many computers out there as possible, until we reach the point where Bitcoin loses any relevance.
Of course, this outcome will likely lead to billions of deaths. This is a price we are forced to pay, to avoid the eternal enslavement of humanity to a tiny elite.
This is also the reason we contacted you.
It doesn't have to be like this. You do not have to share our fate. I don't know how, but you must find a way to destroy this godforsaken project in its infancy. I know this is a difficult thing to ask of you. You believed you were helping the world by eliminating the central banking cartel that governs your economies.
However, I have seen where it ends.
submitted by Kinolva to Bitcoin [link] [comments]

A letter from the future about Bitcoin.

Well gee, this blew up.
Bitcoin should not be treated as an investment, it should be recognized as a speculative negative-sum game. The Bitcoin system currently consumes an estimated 3.6 billion dollar worth of electricity on an annualized basis, just to update the ledger that contains a record of everyone's transactions. This enormous consumption of electricity is indirectly paid for by people who invest their savings in Bitcoin, as a consequence, money is continually "leaking" from the system.
As a Bitcoin investor, you're paying for Chinese businesses to waste electricity by solving an abstract math problem that is designed to get continually more difficult. Besides ensuring that many people lose vast sums of money while a small minority of early adapters is enriched, Bitcoin causes tremendous ecological damage in an era when we should be focusing as a society on reducing our carbon emissions.
The Bitcoin developers responsible for updating the protocol appear to have no genuine intention to introduce code changes that reduce the ecological damage caused by Bitcoin mining, so my suggestion has to be to sell your Bitcoins, which indirectly has the effect of reducing the ecological damage caused by Bitcoin mining.
Theft and loss of coins are also enormous problems affecting Bitcoin, so although it is theoretically possible to store your coins in a safe manner, history has shown that a lot of people will simply lose their coins, further illustrating why Bitcoin is not a good investment option.
The other cryptocurrencies share most of Bitcoin's flaws (resource waste, no protection against theft or loss, vulnerable to market manipulation, etc), but most importantly, what sets cryptocurrencies apart from proper investments is that these coins don't produce anything. If you invest in a company, that company can use the money to deliver more products. If you buy, silver, gold, bitcoin or beanie babies, you're hoping someone else will come along one day and pay more money for it. History has shown that people who invest money in the stock market will generally end up witnessing much higher returns than people who buy gold.
With that said, I hope this story has entertained you and helped you recognize some of the problems our society would face if we ever witnessed widespread adaption of Bitcoin or similar digital currencies.
I am sending this message from the year 2025. Things are looking bleak here, and some of you will carry blood on your hands.
If you don't believe me, please move on, as I have no way of proving to you I'm really who I claim to be.
I don't want to waste any of your time, so I'm merely going to explain what happened.
On average, every year so far, the value of Bitcoin has increased by about a factor ten. From 0.1 dollar in 2010, to 1 dollar in 2011, to 10 dollar in 2012, to 100 dollar in 2013. From now on, there's a slight slowdown, as the value increased by a factor ten every two years, to 1,000 dollar in 2015, to 10,000 in 2017, 100,000 in 2019, and 1,000,000 in 2021. From here onwards, there's no good way of expressing its value in dollars, as the dollar is no longer used, nor is any central bank issued currency for that matter. There are two main forms of wealth in today's world. Land and cryptocurrency.
There are just over 19 million Bitcoin known to be used in the world today, as well as a few hundred thousand that were permanently lost, and we're still dealing with a population of just over 7 billion people today. On average, this means the average person owns just under 0.003 bitcoin. However, due to the unequal distribution of wealth in my world, the mean person owns just 0.001 bitcoin. That's right, most of you reading this today are rich. I personally live next to an annoying young man who logged into his old Reddit account two years ago and discovered that he received a tip of 0.01 Bitcoin back in 2013 for calling someone a "faggot" when he was a 16 year old boy. Upon making this discovery he bought an airline ticket, left his house without telling anyone anything and went to a Citadel.
"What is a Citadel?" you might wonder. Well, by the time Bitcoin became worth 1,000 dollar, services began to emerge for the "Bitcoin rich" to protect themselves as well as their wealth. It started with expensive safes, then began to include bodyguards, and today, "earlies" (our term for early adapters), as well as those rich whose wealth survived the "transition" live in isolated gated cities called Citadels, where most work is automated. Most such Citadels are born out of the fortification used to protect places where Bitcoin mining machines are located. The company known as ASICminer to you is known to me as a city where Mr. Friedman rules as a king.
In my world, soon to be your world, most governments no longer exist, as Bitcoin transactions are done anonymously and thus most governments can enforce no taxation on their citizens. Most of the success of Bitcoin is due to the fact that Bitcoin turned out to be an effective method to hide your wealth from the government. Whereas people entering "rogue states" like Luxemberg, Monaco and Liechtenstein were followed by unmanned drones to ensure that governments know who is hiding wealth, no such option was available to stop people from hiding their money in Bitcoin.
Governments tried to stay relevant in my society by buying Bitcoin, which just made the problem worse, by increasing the value of Bitcoin. Governments did so in secret of course, but my generation's "Snowdens" are in fact greedy government employees who transferred Bitcoin to their own private account, and escaped to anarchic places where no questions are asked as long as you can cough up some money.
The four institutions with the largest still accessible Bitcoin balance are believed to be as following:
-ASICminer - 50,000 Bitcoin
-The IMF's "currency stabilization fund" - 70,000 Bitcoin
-Government of Saudi Arabia - 110,000 Bitcoin
-The North Korean government - 180,000 Bitcoin
Economic growth today is about -2% per year. Why is this? If you own more than 0.01 Bitcoin, chances are you don't do anything with your money. There is no inflation, and thus no incentive to invest your money. Just like the medieval ages had no significant economic growth, as wealth was measured in gold, our society has no economic growth either, as people know their 0.01 Bitcoin will be enough to last them a lifetime. The fact that there are still new Bitcoin released is what prevents our world from collapse so far it seems, but people fear that the decline in inflation that will occur during the next block halving may further wreck our economy.
What happened to the Winklevoss twins? The Winklevoss twins were among the first to die. After seeing the enormous damage done to the fabric of society, terrorist movements emerged that sought to hunt down and murder anyone known to have a large balance of Bitcoin, or believed to be responsible in any way for the development of cryptocurrency. Ironically, these terrorist movements use Bitcoin to anonymously fund their operations.
Most people who own any significant amount of Bitcoin no longer speak to their families and lost their friends, because they had to change their identities. There have been also been a few suicides of people who could not handle the guilt after seeing what happened to the bag-holders, the type of skeptical people who continued to believe it would eventually collapse, even after hearing the rumors of governments buying Bitcoin. Many people were taken hostage, and thus, it is suspected that 25% percent of "Bitcoin rich" actually physically tortured someone to get him to spill his password.
Why didn't we abandon Bitcoin, and move to another system? Well, we tried of course. We tried to step over to an inflationary cryptocurrency, but nobody with an IQ above 70 was willing to step up first and volunteer. After all, why would you voluntarily invest a lot of your money into a currency where you know your wealth will continually decline? The thing that made Bitcoin so dangerous to society was also what made it so successful. Bitcoin allows us to give into our greed.
In Africa, surveys show that an estimated 70% of people believe that Bitcoin was invented by the devil himself. There's a reason for this. It's a very sensitive issue that today is generally referred to as "the tragedy". The African Union had ambitious plans to help its citizens be ready to step over to Bitcoin. Governments gave their own citizens cell phones for free, tied to their government ID, and thus government sought to integrate Bitcoin into their economy. All went well, until "the tragedy" that is. A criminal organization, believed to be located in Russia, exploited a hardware fault in the government issued cell phones. It's believed that the entire continent of Africa lost an estimated 60% of its wealth in a period of 48 hours. What followed was a period of chaos and civil war, until the Saudi Arabian and North Korean governments, two of the world's major superpowers due to their authoritarian political system's unique ability to adapt to the "Bitcoin challenge", divided most African land between themselves and were praised as heroes by the local African population for it.
You might wonder, what is our plan now? It's clear that the current situation can not be sustained, without ending in a nuclear holocaust. I am part of an underground network, who seek to launch a coordinated attack against the very infrastructure of the Internet itself. We have at our disposal about 20 nuclear submarines, which we will use to cut all underwater cables between different continents. After this has been successfully achieved, we will launch a simultaneous nuclear pulse attack on every densely population area of the world. We believe that the resulting chaos will allow the world's population to rise up in revolt, and destroy as many computers out there as possible, until we reach the point where Bitcoin loses any relevance.
Of course, this outcome will likely lead to billions of deaths. This is a price we are forced to pay, to avoid the eternal enslavement of humanity to a tiny elite.
This is also the reason we contacted you.
It doesn't have to be like this. You do not have to share our fate. I don't know how, but you must find a way to destroy this godforsaken project in its infancy. I know this is a difficult thing to ask of you. You believed you were helping the world by eliminating the central banking cartel that governs your economies.
However, I have seen where it ends.
More: https://www.youtube.com/watch?v=SgrUEHe7CZY&t=3s
submitted by chapikla to u/chapikla [link] [comments]

r/Bitcoin recap - September 2018

Hi Bitcoiners!
I’m back with the 21st monthly Bitcoin news recap.
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.
You can see recaps of the previous months on Bitcoinsnippets.com
A recap of Bitcoin in September 2018
submitted by SamWouters to Bitcoin [link] [comments]

Possible Counterarguments to XRP's Value Proposition

Considering going long XRP, but all the $589 phoenix conspiracy theory bulls*** makes it seem too obvious and thus too good to be true. There is information for the masses and information for the classes, if we know about it, the 1% and smart money is already invested. Therefore, I'm looking for possible flaws in my existing investment thesis. Here are 4 possible counterarguments to the value proposition of XRP. Please correct me if I'm wrong and leave your CONSTRUCTIVE thoughts below.
*Ripple owns 60% of all XRP and when they distribute more XRP into the world in places like India, they are in effect creating a larger circulating supply by releasing coins which were previously in an escrow account. If they release coins at a faster rate than can be adopted would this drastically decrease price? If Ripple cashes out their XRP overtime to increase global usage will it be beneficial to only Ripple Labs, but not to XRP HODLERS longterm? Could this be why Ripple wants to legally separate themselves from XRP because it is not a security?
*Since the network fees are paid through 'burning' XRPs, they essentially enrich everyone in proportion to the amount of XRPs they hold (if 1% of the tokens got burned, the remaining tokens would be worth about 1% more provided the market doesn't change). This means Ripple Labs is essentially earning 60% of all network fees on the network. This probably doesn't amount to much at the current time, but it may be more important in the future.
*Ripple plans on integrating all of RippleNets software products (xVia, xCurrent and xRapid) into one convenient solution known as Convergence. Does convergence require the use of XRP? or could something better replace it down the line?
*Large players who got into bitcoin and ethereum early on ie (winklevoss twins, brian armstrong among others) dont want to see XRP succeed and overtake ethereum or bitcoins market cap position. Some speculate this is the reason why XRP has not been listed on Coinbase. There are whales who have substantial economic incentives in opposition to XRP.
submitted by creichel710 to XRP [link] [comments]

The Story of ICODOG, November Progress Report

Crashing through the support lines like a Boss
If you are reading this, then your awesome! ICO DOG started off as a simple twitter channel in January 2018. People started to follow the dog, because we provided useful insights into ICO investing and whitelist links. Back then people still had to race everyone else to get into these things, before they would dump hard. In February we then had the first guys asking us to make a telegram chat room for the community and use primablock to pool funds together to send to such projects. It was a very exciting time to see ICO DOG brand grow so organic. After that, the market crashed 20% every single day. That was a rough period. To be honest, the whole year was a stony road. Several people came together, that were very active in the telegram channel and formed a team. It was like a mini DAO. We had review & marketing guys, tech guys, lawyer team and all that happened by itself on Telegram. We build the first Presale Platform, created a cool UI for users introduced a level system to build the community and later even added master nodes. However, things just became more and bleaker. As Bitcoin fell closer to $3000 more people left and the group became silent. Sounds like a sad story right? Well, every good storyline has a downturn, followed by a boost of motivation to get through all the shit. A few months ago, we decided that the ICO space became a bit too scammy in 2018. We started to become more selective with the investment choices and eventually stopped pooling altogether. Pooling was about winning together, and it’s not fun if everybody loses. We started to look into other forms of revenue that we can build up to keep us over water until the bear market is over. What we love to do the most is community building, and community is the MOST important aspect of a decentralized network. The idea of blockchain was it to move from a centralized system to a decentralized one. This word decentralized is being thrown around on a daily basis although most people still do not understand what it means to change the architecture from centralized to decentralized. Most if not all big projects still have a very centralized structure going on with a few exceptions like Bitcoin, Ethereum & Steem.
Understanding decentralized Architecture
A decentralized architecture is fundamentally different to anything we know as of know. That’s also why it’s so hard to understand. Think of bitcoin as the first decentralized company. Let’s call it Bitcoin Crop. To help understand the Bitcoin Company metaphor, let’s say bitcoins properties are the products that this new decentralized company is producing. Common things said about Bitcoin is its decentralized, censorship resistance peer to peer money. These are often the terms used when people tell you why you should buy bitcoin. Bitcoin is the fastest growing asset of all time. Therefore Bitcoin as the first decentralized company is the fastest growing Company in the world, reaching an evaluation of over 300 Billion USD in less than 10 years. Although the Bitcoin Company is producing high-quality stuff, the products themselves are only as good as the sales, distribution, marketing and that where decentralized architecture kicks centralized companies ass. To make things even more complicated we now have to rethink what it means to be paid and to receive a salary. In a centralized company, build on the centralized architecture model, you work for your boss, who has a boss and that boss gets told what to do by some CEO who then has to take his others from shareholders. The money “trickles down” the food chain and by the time it reaches the bottom almost all of it is gone. Let’s compare this with the first decentralized company Bitcoin. In the Bitcoin company its a bit more complicated than that. In the early days of the company, if you want to work there, you actually have to pay the company first! Crazy I know! Think of it as some tribute to show your loyalty to the Network. The earlier you join, the less you have to pay, and the more of the company network you own. In the early days of Bitcoin Corp. most of the employees there were just engineers and a few crazy marketing guys. Things became a lot more interesting in 2013, when some important people started to work at Bitcoin Corp. People like the Winklevoss twins, Roger ver, Chamath Palihapitiya and many others bought a big share in Bitcoin Corp. and thereby earned the right to work for the Bitcoin. After that, Bitcoin Corp started to grow exponentially, because those new high-class employees had a lot of leverage and even more incentive to grow Bitcoin. The harder they would work the bigger the company would become and the more valuable there coins would be. This was the birth of the first decentralized payroll. Most of the mentioned people earned millions working for Bitcoin and are still working hard getting ETFs approved and spreading the word about it. Every person that owns Bitcoin becomes an employee at Bitcoin Corp. Everybody is rewarded for the work that anybody does, and everybody is incentivized to help grow the Bitcoin company.
Introducing a New Way of Doing Everything
A few months ago, we decided to build software to help ICOs build their own decentralized Networks. We called the system Proof of Engagement and called the Software the DAO Maker. Pun intended. Proof of Engagement is a concept that helps onboard new users and uses token bondage curves and community incentive to create an organic community of long-term token holders. We took our functions that we build to detect contributors in an ICO pool and combined it with our Point system to great a smart community program. The idea is that users can join the ICO before it starts and do community work, quizzes, and other services before the public sale ends. Once the tokens are unlocked, those users that joined the ICO will get their investment tokens + engagement reward tokens. Users can then continue to earn community bonus tokens monthly, but ONLY if they keep their ICO token in the wallet which they used for investing into the ICO. The monthly rewards increase with:
Time user holds the initially invested coins.
Time users hold their earned engagement tokens.
The total amount of tokens held by registered users.
The total amount of tokens user is currently holding.
Current users community level.
Monthly earned points.
All of these factors are added together, to give the exact value that a user will receive monthly. Put simply its a micro staking system, that rewards engaged users in tokens. The result is a dynamic token bonded community. People have incentives to build and help the network, the more experience that have the more tokens they will own, the more tokens they will earn. The system incentives loyalty and hodlers, while also makes it possible for new users to join the system and help the network to grow. For a deeper understanding on Dynamic Token Bonding Curves you can check out some publications on Token Economy here 
The best KYC & AML & CTF in Crypto
For the past months, we were talking to A LOT of KYC providers. We quickly came to the conclusion that most of them are scams. The state of Anti Money laundry in crypto is pretty scary. I lots of people will end up in court for violating the AML directives. Currently, most ICOs do not comply with KYC & AML laws. The EU currently requires to be compliant until the 4th EU AML directive, which will change in 2019. We are already compliant with EU AMLD5, which is not in force yet but already includes cryptocurrencies, we are a step ahead of the curve in the EU. Starting this week, we will introduce the new KYC & AML features on our Platform. We are using the newest system of machine learning to scan a users face and password as well as detecting an applicants voice, to generate a complete biometric signature of his application. We will be able to onboard KYC & AML application in real time and will be one of the first fully compliant with the new regulations of 2019. 
Updates to ICODOG Reviews
We changed the homepage for ICO DOG to show more crypto stories, reviews and post analysis. We are working on a more in-depth redesign for ICODOG.IO in 2019. We added a few new Blog sections namely, ICO Analysis and Post ICO Reviews and Crypto Stories. We want to take more time in 2019 to evaluate ICOs that concluded their Sale in 2017 & 2018. We are planning to make this a decentralized work effort with the help of Token Curated Lists (TCL). We will make a few posts about TCL in the next few weeks. ICODOG.IO is focusing on providing value-adding content, not the same stuff that the mainstream crypto outlets write about. This will be a really cool project that we are very excited to start next year and finish by end of Q1 2019. We welcomed 3 new writers to the ICODOG team and are trying to produce useful content every day.
New Partnerships & Business Development
Last month we Partnered up with several high-quality service providers as well as high potential ICOs. We will add all of the new partners on the Partners on the Partners tap of the updated website. Looking forward to building the new world with likeminded people.
ICO DOG Platform Upgrade 2.0
We been very busy and added a lot new feature on ICO DOG Investment platform. We are still in bug hunting so if you use the bug bounty tap on the platform to help us. We added some cool features that will make the life of many a lot easier. Automated twitter confirmation Users once a user connects their Twitter account in the profile section and starts generating tweets and retweets, these actions will be detected at midnight automatically. That means users do not need to click claim every day, but instead can earn points directly on Twitter. Reddit Automated Integration Users can now also join the Reddit campaign and generate threads and comments to spread the word about ICO DOG. We increased the team to help with the distribution of content among all the social media accounts. This should help you guys earn points quicker and easier as well as build a community on Reddit. For launching this new system we are increasing the points for reddit registrations by 3x. Ambassador Program We added an Ambassador Program for the ICO DOG community. We added Ambassador status to several people already that have been part of the community for almost a year and been working together through this bear Market. Ambassadors have special rights and access to social media accounts, discord reddit and will be informed about the latest updates.
ICO DOG COIN
We plan to introduce the ICO DOG Coin next year. This coin will be the fuel that powers all of the ICO DOG utility. Ambassadors will get monthly airdrops in the ICODOG coin depending on their contribution. Part of the revenue that ICO DOG will make goes into the coin via buybacks and token burns. As we are not raising any funds from nobody, the coin is cannot be considered a security. All new Features Summarized Following a few of the new features: + Upgraded pool system: – new wallet management – my pools is now a list (click the red sync button to update your pools) – record and track all the transaction you have sent, even from different address – improved overall working flow + Add reddit integration with auto check (it runs every day) + Weekly competition + Global real-time notifications + Two factor authentication support (Google authenticator) + Twitter with auto claim (it runs every day, no need to click Claim anymore) + Many other new features and bug fixes 
Summary
This year was rough, but we did not give up. The harder Bitcoin Dumps, the harder we work! Things could be better in terms of the market, but fundamentally ICO DOG is doing pretty good. We want to thank all those that have been with us on this amazing journey since the beginning. Crypto will change the world and we will help make that happen. If you like what we do please register on the icodogpool platform and shill this and other-other content! As always like, share and join discord & telegram.
https://icodog.io/crypto-stories/the-story-of-icodog-november-progress-report/
submitted by icocatapult to icodog [link] [comments]

I am a time-traveler from the future, here to beg you to stop what you are doing.

Update, 27 oktober 2019:
Well gee, this blew up.
Bitcoin should not be treated as an investment, it should be recognized as a speculative negative-sum game. The Bitcoin system currently consumes an estimated 3.6 billion dollar worth of electricity on an annualized basis, just to update the ledger that contains a record of everyone's transactions. This enormous consumption of electricity is indirectly paid for by people who invest their savings in Bitcoin, as a consequence, money is continually "leaking" from the system.
As a Bitcoin investor, you're paying for Chinese businesses to waste electricity by solving an abstract math problem that is designed to get continually more difficult. Besides ensuring that many people lose vast sums of money while a small minority of early adapters is enriched, Bitcoin causes tremendous ecological damage in an era when we should be focusing as a society on reducing our carbon emissions.
The Bitcoin developers responsible for updating the protocol appear to have no genuine intention to introduce code changes that reduce the ecological damage caused by Bitcoin mining, so my suggestion has to be to sell your Bitcoins, which indirectly has the effect of reducing the ecological damage caused by Bitcoin mining.
Theft and loss of coins are also enormous problems affecting Bitcoin, so although it is theoretically possible to store your coins in a safe manner, history has shown that a lot of people will simply lose their coins, further illustrating why Bitcoin is not a good investment option.
The other cryptocurrencies share most of Bitcoin's flaws (resource waste, no protection against theft or loss, vulnerable to market manipulation, etc), but most importantly, what sets cryptocurrencies apart from proper investments is that these coins don't produce anything. If you invest in a company, that company can use the money to deliver more products. If you buy, silver, gold, bitcoin or beanie babies, you're hoping someone else will come along one day and pay more money for it. History has shown that people who invest money in the stock market will generally end up witnessing much higher returns than people who buy gold.
With that said, I hope this story has entertained you and helped you recognize some of the problems our society would face if we ever witnessed widespread adaption of Bitcoin or similar digital currencies.
I am sending this message from the year 2025. Things are looking bleak here, and some of you will carry blood on your hands.
If you don't believe me, please move on, as I have no way of proving to you I'm really who I claim to be.
I don't want to waste any of your time, so I'm merely going to explain what happened.
On average, every year so far, the value of Bitcoin has increased by about a factor ten. From 0.1 dollar in 2010, to 1 dollar in 2011, to 10 dollar in 2012, to 100 dollar in 2013. From now on, there's a slight slowdown, as the value increased by a factor ten every two years, to 1,000 dollar in 2015, to 10,000 in 2017, 100,000 in 2019, and 1,000,000 in 2021. From here onwards, there's no good way of expressing its value in dollars, as the dollar is no longer used, nor is any central bank issued currency for that matter. There are two main forms of wealth in today's world. Land and cryptocurrency.
There are just over 19 million Bitcoin known to be used in the world today, as well as a few hundred thousand that were permanently lost, and we're still dealing with a population of just over 7 billion people today. On average, this means the average person owns just under 0.003 bitcoin. However, due to the unequal distribution of wealth in my world, the mean person owns just 0.001 bitcoin. That's right, most of you reading this today are rich. I personally live next to an annoying young man who logged into his old Reddit account two years ago and discovered that he received a tip of 0.01 Bitcoin back in 2013 for calling someone a "faggot" when he was a 16 year old boy. Upon making this discovery he bought an airline ticket, left his house without telling anyone anything and went to a Citadel.
"What is a Citadel?" you might wonder. Well, by the time Bitcoin became worth 1,000 dollar, services began to emerge for the "Bitcoin rich" to protect themselves as well as their wealth. It started with expensive safes, then began to include bodyguards, and today, "earlies" (our term for early adapters), as well as those rich whose wealth survived the "transition" live in isolated gated cities called Citadels, where most work is automated. Most such Citadels are born out of the fortification used to protect places where Bitcoin mining machines are located. The company known as ASICminer to you is known to me as a city where Mr. Friedman rules as a king.
In my world, soon to be your world, most governments no longer exist, as Bitcoin transactions are done anonymously and thus most governments can enforce no taxation on their citizens. Most of the success of Bitcoin is due to the fact that Bitcoin turned out to be an effective method to hide your wealth from the government. Whereas people entering "rogue states" like Luxemberg, Monaco and Liechtenstein were followed by unmanned drones to ensure that governments know who is hiding wealth, no such option was available to stop people from hiding their money in Bitcoin.
Governments tried to stay relevant in my society by buying Bitcoin, which just made the problem worse, by increasing the value of Bitcoin. Governments did so in secret of course, but my generation's "Snowdens" are in fact greedy government employees who transferred Bitcoin to their own private account, and escaped to anarchic places where no questions are asked as long as you can cough up some money.
The four institutions with the largest still accessible Bitcoin balance are believed to be as following:
-ASICminer - 50,000 Bitcoin
-The IMF's "currency stabilization fund" - 70,000 Bitcoin
-Government of Saudi Arabia - 110,000 Bitcoin
-The North Korean government - 180,000 Bitcoin
Economic growth today is about -2% per year. Why is this? If you own more than 0.01 Bitcoin, chances are you don't do anything with your money. There is no inflation, and thus no incentive to invest your money. Just like the medieval ages had no significant economic growth, as wealth was measured in gold, our society has no economic growth either, as people know their 0.01 Bitcoin will be enough to last them a lifetime. The fact that there are still new Bitcoin released is what prevents our world from collapse so far it seems, but people fear that the decline in inflation that will occur during the next block halving may further wreck our economy.
What happened to the Winklevoss twins? The Winklevoss twins were among the first to die. After seeing the enormous damage done to the fabric of society, terrorist movements emerged that sought to hunt down and murder anyone known to have a large balance of Bitcoin, or believed to be responsible in any way for the development of cryptocurrency. Ironically, these terrorist movements use Bitcoin to anonymously fund their operations.
Most people who own any significant amount of Bitcoin no longer speak to their families and lost their friends, because they had to change their identities. There have been also been a few suicides of people who could not handle the guilt after seeing what happened to the bag-holders, the type of skeptical people who continued to believe it would eventually collapse, even after hearing the rumors of governments buying Bitcoin. Many people were taken hostage, and thus, it is suspected that 25% percent of "Bitcoin rich" actually physically tortured someone to get him to spill his password.
Why didn't we abandon Bitcoin, and move to another system? Well, we tried of course. We tried to step over to an inflationary cryptocurrency, but nobody with an IQ above 70 was willing to step up first and volunteer. After all, why would you voluntarily invest a lot of your money into a currency where you know your wealth will continually decline? The thing that made Bitcoin so dangerous to society was also what made it so successful. Bitcoin allows us to give into our greed.
In Africa, surveys show that an estimated 70% of people believe that Bitcoin was invented by the devil himself. There's a reason for this. It's a very sensitive issue that today is generally referred to as "the tragedy". The African Union had ambitious plans to help its citizens be ready to step over to Bitcoin. Governments gave their own citizens cell phones for free, tied to their government ID, and thus government sought to integrate Bitcoin into their economy. All went well, until "the tragedy" that is. A criminal organization, believed to be located in Russia, exploited a hardware fault in the government issued cell phones. It's believed that the entire continent of Africa lost an estimated 60% of its wealth in a period of 48 hours. What followed was a period of chaos and civil war, until the Saudi Arabian and North Korean governments, two of the world's major superpowers due to their authoritarian political system's unique ability to adapt to the "Bitcoin challenge", divided most African land between themselves and were praised as heroes by the local African population for it.
You might wonder, what is our plan now? It's clear that the current situation can not be sustained, without ending in a nuclear holocaust. I am part of an underground network, who seek to launch a coordinated attack against the very infrastructure of the Internet itself. We have at our disposal about 20 nuclear submarines, which we will use to cut all underwater cables between different continents. After this has been successfully achieved, we will launch a simultaneous nuclear pulse attack on every densely population area of the world. We believe that the resulting chaos will allow the world's population to rise up in revolt, and destroy as many computers out there as possible, until we reach the point where Bitcoin loses any relevance.
Of course, this outcome will likely lead to billions of deaths. This is a price we are forced to pay, to avoid the eternal enslavement of humanity to a tiny elite.
This is also the reason we contacted you.
It doesn't have to be like this. You do not have to share our fate. I don't know how, but you must find a way to destroy this godforsaken project in its infancy. I know this is a difficult thing to ask of you. You believed you were helping the world by eliminating the central banking cartel that governs your economies.
However, I have seen where it ends.
submitted by Luka_Magnotta to Bitcoin [link] [comments]

In case you missed it: Major Crypto and Blockchain News from the week ending 12/14/2018

Developments in Financial Services

Regulatory Environment

General News


submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

02-02 18:02 - 'What Happened to the 2013 Time Traveler's Post? A lot of u/Luka_Magnotta's predictions were coming to fruition...' (self.Bitcoin) by /u/globalchain removed from /r/Bitcoin within 0-5min

'''
Removed post: [[link]3
Deleted account: u/Luka_Magnotta
Archived post: [[link]4
I am sending this message from the year 2025. Things are looking bleak here, and some of you will carry blood on your hands.
If you don't believe me, please move on, as I have no way of proving to you I'm really who I claim to be.
I don't want to waste any of your time, so I'm merely going to explain what happened.
On average, every year so far, the value of Bitcoin has increased by about a factor ten. From 0.1 dollar in 2010, to 1 dollar in 2011, to 10 dollar in 2012, to 100 dollar in 2013. From now on, there's a slight slowdown, as the value increased by a factor ten every two years, to 1,000 dollar in 2015, to 10,000 in 2017, 100,000 in 2019, and 1,000,000 in 2021. From here onwards, there's no good way of expressing its value in dollars, as the dollar is no longer used, nor is any central bank issued currency for that matter. There are two main forms of wealth in today's world. Land and cryptocurrency.
There are just over 19 million Bitcoin known to be used in the world today, as well as a few hundred thousand that were permanently lost, and we're still dealing with a population of just over 7 billion people today. On average, this means the average person owns just under 0.003 bitcoin. However, due to the unequal distribution of wealth in my world, the mean person owns just 0.001 bitcoin. That's right, most of you reading this today are rich. I personally live next to an annoying young man who logged into his old Reddit account two years ago and discovered that he received a tip of 0.01 Bitcoin back in 2013 for calling someone a "faggot" when he was a 16 year old boy. Upon making this discovery he bought an airline ticket, left his house without telling anyone anything and went to a Citadel.
"What is a Citadel?" you might wonder. Well, by the time Bitcoin became worth 1,000 dollar, services began to emerge for the "Bitcoin rich" to protect themselves as well as their wealth. It started with expensive safes, then began to include bodyguards, and today, "earlies" (our term for early adapters), as well as those rich whose wealth survived the "transition" live in isolated gated cities called Citadels, where most work is automated. Most such Citadels are born out of the fortification used to protect places where Bitcoin mining machines are located. The company known as ASICminer to you is known to me as a city where Mr. Friedman rules as a king.
In my world, soon to be your world, most governments no longer exist, as Bitcoin transactions are done anonymously and thus most governments can enforce no taxation on their citizens. Most of the success of Bitcoin is due to the fact that Bitcoin turned out to be an effective method to hide your wealth from the government. Whereas people entering "rogue states" like Luxemberg, Monaco and Liechtenstein were followed by unmanned drones to ensure that governments know who is hiding wealth, no such option was available to stop people from hiding their money in Bitcoin.
Governments tried to stay relevant in my society by buying Bitcoin, which just made the problem worse, by increasing the value of Bitcoin. Governments did so in secret of course, but my generation's "Snowdens" are in fact greedy government employees who transferred Bitcoin to their own private account, and escaped to anarchic places where no questions are asked as long as you can cough up some money.
The four institutions with the largest still accessible Bitcoin balance are believed to be as following:
-ASICminer - 50,000 Bitcoin
-The IMF's "currency stabilization fund" - 70,000 Bitcoin
-Government of Saudi Arabia - 110,000 Bitcoin
-The North Korean government - 180,000 Bitcoin
Economic growth today is about -2% per year. Why is this? If you own more than 0.01 Bitcoin, chances are you don't do anything with your money. There is no inflation, and thus no incentive to invest your money. Just like the medieval ages had no significant economic growth, as wealth was measured in gold, our society has no economic growth either, as people know their 0.01 Bitcoin will be enough to last them a lifetime. The fact that there are still new Bitcoin released is what prevents our world from collapse so far it seems, but people fear that the decline in inflation that will occur during the next block halving may further wreck our economy.
What happened to the Winklevoss twins? The Winklevoss twins were among the first to die. After seeing the enormous damage done to the fabric of society, terrorist movements emerged that sought to hunt down and murder anyone known to have a large balance of Bitcoin, or believed to be responsible in any way for the development of cryptocurrency. Ironically, these terrorist movements use Bitcoin to anonymously fund their operations.
Most people who own any significant amount of Bitcoin no longer speak to their families and lost their friends, because they had to change their identities. There have been also been a few suicides of people who could not handle the guilt after seeing what happened to the bag-holders, the type of skeptical people who continued to believe it would eventually collapse, even after hearing the rumors of governments buying Bitcoin. Many people were taken hostage, and thus, it is suspected that 25% percent of "Bitcoin rich" actually physically tortured someone to get him to spill his password.
Why didn't we abandon Bitcoin, and move to another system? Well, we tried of course. We tried to step over to an inflationary cryptocurrency, but nobody with an IQ above 70 was willing to step up first and volunteer. After all, why would you voluntarily invest a lot of your money into a currency where you know your wealth will continually decline? The thing that made Bitcoin so dangerous to society was also what made it so successful. Bitcoin allows us to give into our greed.
In Africa, surveys show that an estimated 70% of people believe that Bitcoin was invented by the devil himself. There's a reason for this. It's a very sensitive issue that today is generally referred to as "the tragedy". The African Union had ambitious plans to help its citizens be ready to step over to Bitcoin. Governments gave their own citizens cell phones for free, tied to their government ID, and thus government sought to integrate Bitcoin into their economy. All went well, until "the tragedy" that is. A criminal organization, believed to be located in Russia, exploited a hardware fault in the government issued cell phones. It's believed that the entire continent of Africa lost an estimated 60% of its wealth in a period of 48 hours. What followed was a period of chaos and civil war, until the Saudi Arabian and North Korean governments, two of the world's major superpowers due to their authoritarian political system's unique ability to adapt to the "Bitcoin challenge", divided most African land between themselves and were praised as heroes by the local African population for it.
You might wonder, what is our plan now? It's clear that the current situation can not be sustained, without ending in a nuclear holocaust. I am part of an underground network, who seek to launch a coordinated attack against the very infrastructure of the Internet itself. We have at our disposal about 20 nuclear submarines, which we will use to cut all underwater cables between different continents. After this has been successfully achieved, we will launch a simultaneous nuclear pulse attack on every densely population area of the world. We believe that the resulting chaos will allow the world's population to rise up in revolt, and destroy as many computers out there as possible, until we reach the point where Bitcoin loses any relevance.
Of course, this outcome will likely lead to billions of deaths. This is a price we are forced to pay, to avoid the eternal enslavement of humanity to a tiny elite.
This is also the reason we contacted you.
It doesn't have to be like this. You do not have to share our fate. I don't know how, but you must find a way to destroy this godforsaken project in its infancy. I know this is a difficult thing to ask of you. You believed you were helping the world by eliminating the central banking cartel that governs your economies.
However, I have seen where it ends.

'''
What Happened to the 2013 Time Traveler's Post? A lot of u/Luka_Magnotta's predictions were coming to fruition...
Go1dfish undelete link
unreddit undelete link
Author: globalchain
1: ww*.reddit*co*/r*Bitcoin/c*****t**1*fob*/i_am_a_*i*et*avel*r_f*om_the_fu**re_here_t*_be*/ 2: np.re*dit.c*m/***coin/com*e**s/*lfobc/i*am**_timetravel***f**m_t*e_future*he*e_*o_*eg/ 3: www*re*di***om**itcoin/co*ments/1lfobc/*\_am\_***timetravel*r\_fr*m\_*h*\**ut*re\_***e\_to**beg/*^^* 4: np.reddit.com/Bit*oin***mments**l***c/i\*a***a\_*imetrav**er\*fro*\**he\_fu**re\*h*re\_to\_beg/]^^*
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

DragonEx Roadshow Recap

DragonEx Roadshow Recap
In support of our new partnership, DragonEx Exchange invited Kambria Team members to participate in an exclusive online roadshow with both the DragonEx English and Chinese-speaking communities.
The event featured Kambria community managers Annie Wang (CH) and William Ryan (EN). Both sessions were focused and very active. Here is a recap of the conversation with William in the English channel; for clarity, the original text has been lightly edited for grammar and spelling.
Do you have any idea about Kambria? Today’s roadshow is mainly about Kambria’s project progress. and its future planning.
I understand the bulk of the conversation is going on in the DragonEx Chinese channel, but in case there are any English speakers here who are interested, we were recently listed on DragonEx. I met the team in May in New York City, and was very impressed with their professionalism. They are awesome people to know, and I am even more excited to now be working with DragonEx. They are a great exchange!
I wanna know, how is Kambria different from other AI projects?
Kambria is an open innovation platform designed to cut down and drastically reduce the time and cost it takes to innovate robotics, AI, and other frontier technologies. Kambria allows for innovators to collaborate on every aspect of the innovation process. So a company can host a bounty to utilize developers to help them build their ideas. This also allows for innovators to modularize their ideas and allow other innovators to utilize their work, and earn KAT in the process.
Can the Kambria project run without blockchain?
Kambria’s Open Innovation Platform is designed around the KAT token. It technically could work without a blockchain, but it likely would not because we all know that incentives are the basis for the work that most people do. So we use KAT to power the network, pay bounties, pay developers, companies, and innovators who contribute to the network.
The best way to achieve this is to use a decentralized blockchain with smart contracts. No one would contribute without incentives. That is the backbone to any healthy economy. That is why we believe we do need a token.
But how advanced is the project in terms of progress?
Currently, the features that we are focusing on are building out Github support to allow developers to import the githubs to build out the Kambria codebase, which will be utilized in the Kambria codebase, the backbone of the platform. Additionally, we are creating innovation hubs across the world that will allow roboticists and AI developers to come in and innovate new products.
What if a big company copies Kambria? Are there any barriers to competition?
There are currently no other companies who are doing what we are doing. Our platform encompasses every single aspect of the innovation process from concept, to design, to manufacturing, to sourcing materials, to production, to delivery. We will also not open source all of our intellectual property. Because of our experience with OhmniLabs, Kambria’s sister company, we have discovered ways to build robots using 3-D printing far cheaper than most have heard of.
Could you please introduce your team members to us?
Yes. My name is William, and I am the American Community Manager, and I have with me Annie Wang, who is our Chinese Community Manager.
Let me get you some info on the rest of the team. Let’s start with the top :)
Dr. Thuc Vu — Co-Founder & CEO — AI & Game Theory Dr. Thuc is a serial entrepreneur, with multiple company acquisitions, the last one by Google. He has deep expertise in game theory, tournament design and multi-agent systems. He earned his Ph.D. from Stanford and BS from Carnegie Mellon, both in computer science. Dr. Thuc is a social entrepreneur in Vietnam, involved in several community projects.
Dr. Thuc Vu, first of all, is just incredible to work with. He is the nicest man, but he’s also very talented. He is also a very generous person who sows back into the communities around him. He has created several foundations in the world to “give back” to people, including his very own VietSeeds Foundationin Vietnam that helps poor Vietnamese children get a great college education. He sold one of his companies to Google, and then created OhmniLabs, which is Kambria’s sister company. You can visit the OhmniLabs.com website for more information.
Here’s a pic of our founders with the OhmniLabs robot.
Our CTO, Jared Go, met Dr. Thuc Vu in college. They both attended Stanford University and Carnegie Mellon together.
Jared Go — Co-Founder & CTO — Robotics — Jared is an avid maker and roboticist, previously CTO and founding member at a networks startup. He has extensive experience in blockchain, AI, real-time graphics, VR, mechanical engineering and electrical engineering. Jared is a Stanford Graduate Fellow, and has a BS in computer science from Carnegie Mellon University.
Tingxi Tan — Co-Founder & CPO — Blockchain & Cloud Computing — Tingxi has a background in cloud computing, network infrastructure and distributed system design. He has been active in Crypto Investment since 2010. He was responsible for building the global scale cloud infrastructure at a networks startup. He graduated from MSc Computer Science U of Calgary and BSc Applied Math Western University.
Dr. Tra Vu — COO — Operations & Infrastructure — Tra has a background in Financial and Civil Engineering. She earned her Master’s in Financial Engineering and her PhD in Transportation Planning & Engineering from the NYU Tandon School of Engineering. Tra currently teaches at her alma mater and was responsible for leading her previous company in designing the first city-wide Transit Signal Priority system in New York City.
Tingxi, Dr. Tra Vu, and Jared are also just fantastic people to work with. The team is not only wildly talented, but also very pleasantly nice. It’s refreshing to see.
Is artificial intelligence a moral issue? How can I overcome this problem?
I believe it could be; however, it is up to us how we build such technologies. In our open collaboration system, everyone has the ability to solve this problem. If you want to solve it, you simply can participate in building it ethically.
Is the Kambria Innovation Platform open now in public?
Yes. The Open Innovation Platform was soft-launched in September 2018, and we are preparing for a full release this year. You can check out the platform here: https://app.kambria.io
I think artificial intelligence is a big trend: very good. Is there a potential market now? What are the plans for the Kambria project in the future?
AI is one of the fastest growing technologies in the frontier space. We already have hundreds of developers ready to begin working on the Kambria Open Innovation Platform, which is why we are so eager to finish our full launch of the platform, as well as our codebase. We are not far away. The full launch will be this year.
In addition, we are opening five innovation hubs across the globe, the first in Silicon Valley, California. We also working with major universities, including Stanford and Carnegie Mellon, to host hackathons in collaboration with the International Data Engineering and Science Association (IDEAS). Additionally, Thuc created the VietAI Alliance, which is dedicated solely to AI development. There will be several more of these that work with governments and universities in many different countries
I’m just a robotics engineer, but with no knowledge in Blockchain. How can I manage your platform? In our case, we have a team of robotics engineers and AI programmers, but they have no knowledge about Blockchain.
Follow up question: Do you have an infrastructure already in place?
The great news is that many roboticists such as yourself are not familiar with blockchain, and that’s OK! You don’t need to know how the engine of a car works in order to be able to drive it. It’s the same idea. Much of the blockchain underpinnings will be taken care of for you so that you can focus on innovation. Blockchain will primarily serve as the payment vehicle for bounties, services, and other functions on the network, such as staking coins, but the actual building of the product will be very familiar to you.
We do have an infrastructure ready and proven to be HIGHLY effective. Because of our experience with OhmniLabs, we have a “tried and true” method that we will allow other projects, such as yours, to utilize, and not just ours, but everyone else’s that uses our platform. It truly is open innovation for everyone.
I hope that the Kambria project will be carried forward in the future. I want to ask if the Kambria project is an artificial intelligence platform. Can Kambria help people with disabilities? They really need this project.
Yes!!! We love this. One of the verticals that we are focusing on is healthcare. Also, we build consumer robots, and robotic arms, which are very important for helping disabled people. It’s one of the use cases we are most passionate about. That is what robotics is for after all — making human life more comfortable and easier.
One of our robots (potentially) helped save an elderly woman’s life who had fallen. Her family was able to find her quickly and easily, preventing any further damage.
Is the Kambria Platform open now in public?
The platform is open to the public. Currently, you can vote for bounties, hackathons, buy robotic development kits, and explore the codebase, but there is much, much more coming in the short term this year. You may find it at https://app.kambria.io
Is Kambria currently based on ETH, and has Kambria considered the subsequent rise of the public chain.
Yes, we are based on ETH, but we are blockchain agnostic. If ETH, for any reason, cannot scale, we will look for a more functional chain.
Yes, ETH has been criticized for its slow processing speed. Has the Kambria project considered EOS?
We have considered EOS, and that would certainly be on our radar as one of the potential chains to move to, if necessary.
Could you tell us the history of Kambria, I am very interested in it!
Surely! Our founders started a robotics company in 2015. It was built upon the premise that to really accelerate adoption of robotics in the homes, a new type of company was needed. Being far away from home ourselves, they could relate to the need for affordable robots that bring families closer. So they set out to design robots with modular components, and utilize lean, toolless manufacture. To close the cost gap, they were ultra-focused on iteration speed. Reusability and integration were the cornerstones of their fabrication process, allowing for orders of magnitude, less capital spent, and a fraction of the development time.
Being able to foster an open collaborative ecosystem, where every contribution can easily be shared, manufactured, and implemented, will be revolutionary. Companies can benefit from the collective contribution from the community to build custom applications without having to employ teams of PhDs. End users can enjoy the higher quality of life potentially afforded by more available robot products and services. A combination of reduced costs, cutting-edge technologies, and swift delivery will spur rapid adoption of the Kambria platform by companies, developers, and manufacturers. This cycle of innovation will pave the way for the next wave of robots to provide immense value for people across the world.
Ohmni has achieved good results in the market, and the architecture behind it is indispensable. However, OhmniLabs development was not easy. Built from scratch, the establishment of laboratories, and the search for supply chain production, robotic startups was very difficult. In the difficult process of exploring Ohmni, an idea gradually formed: since there are so many barriers in the field of robot development, why not create an open platform where development, purchase, research, investment, and other needs coexist? It not only brings together talents from all sides but also promotes the development of robotics. In that thought proces, Kambria was born!
We named the platform Kambria, after the Cambrian Explosion, 500 million years ago, when an accelerated evolutionary rate gave rise to biodiversity and abundance. We believe this platform will be the catalyst for a similar explosion in intelligent robotics.
How many people are there in the Kambria project? Is there a blockchain related person?
Yes, our CPO is Tingxi Tan, has extensive knowledge in blockchain development. Additionally, we have a wide array of blockchain and full-stack developers. In total, our full-time staff is 20 people and growing. There are also many part-time employees as well! You can find most of them on our LinkedIn page: https://www.linkedin.com/company/kambria/
While we are technically a global company, our two main “home bases” are in Silicon Valley and Ho Chi Minh City, Vietnam, where much of the team is from. OhmniLabs is also in Silicon Valley.
Our advisor list is also quite extensive. I will list them here:
Prof. Manuela Veloso — AI & Robotics — Manuela Veloso is the Herbert A. Simon University Professor in the School of Computer Science at Carnegie Mellon University. Professor Veloso will be the Robotics and AI judge on the Kambria platform.
Simon Seojoon Kim — HASHED — Simon Seojoon Kim is CEO and founding partner of Hashed, a leading crypto fund based in South Korea. He is a Blockchain evangelist and organizer of Hashed Lounge, a premier Blockchain Seoul meetup community.
Loi Luu — Kyber Network — Loi Luu is a researcher working on cryptocurrencies, smart contract security and distributed consensus algorithms. He is also a regular invited speaker at Bitcoin and Ethereum workshops such as DevCon2, EDCON. Loi believes in the force of the Ethereum and Blockchain technology.
Roger Lim — NEO Global Capital — Roger Lim is an experienced angel and blockchain investor. He is the Founding Partner of NEO Global Capital and an advisor for projects like Bluzelle, Qlink, CoinFi, Thekey, Tomocoin, 0Chain, Switcheo, Open Platform, and nOS.
Long Vuong — Tomochain — Long Vuong is CEO and founder of Tomochain, a public blockchain infrastructure providing an innovative solution to the scalability problem with the Ethereum blockchain. He is often invited as guest speaker of many reputable blockchain events around the globe. Long and Tomochain will also be partnering with Kambria to develop an educational certification program in blockchain and AI.
George Li — WeTrust — George is an ex-Googler who previously co-founded CottonBrew, a Stanford StartX computer vision company. George has helped connect us with influencers and market movers in the crypto space.
May I know some recent news about this project?
In addition to our new Innovation Hubs, we launched our KAT token in December. It is currently listed on DragonEx, KuCoin, and Bitmart Exchanges. We also recently hosted an incredible event this last November where the Winklevoss Twins, and Joe Lonsdale, and several other high-level venture capitalists were in attendance. I will get you the video! :D
https://www.youtube.com/watch?v=t8y4MxyAvTc&feature=youtu.be — Enjoy! I know we did.
The Vietnamese government also attended our November event called Innovation, Community & Impact. It was a very big deal. We wrote several articles recapping the event if you’d like to read about it. I will drop the links from our latest post that contains all of our best top ten articles for last year.
https://medium.com/kambria-network/kambria-2018-beyond-9820242c86c1
Within that article, you can find a ton of information about our project.
Great, I hope that the Kambria project will be carried forward in the future.
Thank you! We want to change the world, and we are unique enough to do it. There is nothing in the world like Kambria. We aim to make frontier technologies WAY cheaper and easier to build. An estimated 85% percent of the work being done is considered to be “wasted effort.” Because much of the work is done in silos, that means almost everyone is doing “double work.”
We can modularize everything and allow the different pieces to be applied, thus saving a huge amount of time in the development process. Why create something from scratch when someone else has already perfected it?
Do you build great motors? AI logic? Robotic arms? You can allow others to use your innovations to build theirs, and earn KAT, promote innovation, get paid, and collaborate on a number of different ideas.
“We aim to make frontier technologies WAY cheaper and easier to build.” Yes, this sentence is very similar to what Xiaomi, the technology giant of our country said so that everyone can enjoy the fun of technology.
That’s what it's all about. Improving the quality of life so that we can focus on the more important things that life brings. Great questions by the way. You’ve been a pleasure to speak with this entire time.
We expect that you can change the world through artificial intelligence + blockchain. Thanks, William and Kambria.
You are very welcome. Please feel free to join our Telegram Channels. We do have a Chinese Channel as well. We’d love to see you there. I am going to post our channels. If you have any more questions, feel free to ping me or DM me directly. My inbox is always open.
We’d like to thank not only DragonEx Exchange for having us, but also to all of the community members who asked us such great questions!
[THE END]
About William
William Ryan is a part of the Global Kambria Community Manager Team, and a resident of Texas. He has been in blockchain since 2015, and has a strong passion for frontier technologies, including blockchain, robotics, and artificial intelligence.
The Kambria Team
Kambria Website
Kambria Whitepaper
Telegram (ENG) Telegram (KOR) Telegram (VIE)
Telegram (CHN) Telegram (RUS)
Medium (ENG) Medium (CHN)
Facebook Page Facebook Group
Reddit
Twitter
Steemit
Discord
Weibo (CHN)
Instagram
Email: [email protected]
KAT is a token to be used on the Kambria platform.
submitted by Freeme62410 to KambriaOfficial [link] [comments]

r/bitcoin recap - March 2017

Hi Bitcoiners!
I’m back with the third monthly Bitcoin news recap.
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.
Now archived on Bitcoinsnippets.com
As promised, I launched a website as an archive, where I post the version with links to the original posts and discussions so this post doesn't get auto-moderated. Special thanks goes out to Bitttburger for thinking of the name Bitcoin Snippets.
I went back in time and made an overview for December 2016 too. I’ll probably make recaps of 1-2 previous months for each month I progress, so that I eventually end up with everything in a few years.
Starting from this month, I’m going to cut back on including memes, there’s too many and they overtake the interesting news.
A recap of March 2017 in bitcoin
Version with links on Bitcoinsnippets.com
Thanks to everyone who contributed to Bitcoin in a positive way this month!
submitted by SamWouters to Bitcoin [link] [comments]

Cryptocurrency Investors

Hello! My name is Mihail Kudryashev, I am a frontend engineer at Platinum. We are a an international STO/IEO/ICO/POST ICO consulting, promotion and fundraising company with huge experience in STO and ICO marketing and best STO blockchain platform in the world! Learn more about it: Platinum.fund Our company gained popularity after launching the world’s number one online university with only practical knowledge on crypto economics. Now you can learn how to create and develop your own ICO and STO, how to market your campaign and make it super successful. Who are cryptocurrency investors? What drives people to invest in cryptocurrency? Read the extract of the UBAI lesson to get all the answers.
Introduction to the Investors §2
In 2017, the total cryptocurrency market capitalization was approaching $850B which begs the question:
Why are investors turning to cryptocurrencies?
A survey by Blockchain Capital indicated that at least 30% of millennials would rather invest in bitcoin than invest in traditional stocks. Cryptocurrency investors, like traditional investors, expect a return at least proportionate to the risk they take. Due to the fundamental lack of regulation, incredible volatility and astronomical relative risk, many cryptocurrency investors expect to earn meteoric returns. Returns in the ranges of multiples from 200% to 1000%.
Let us first begin by examining the kinds of people who invest in cryptocurrency, and then let’s see the reasons why each of them is investing in this relatively new market.
Types of Investors
The “Newbie” Cryptocurrency Investor
This investor is just starting out. They probably have not had any significant experience in any form of investing before and bitcoin is their first experience. They have heard about people making incredible returns from cryptocurrency investing, or some aspect of the entire blockchain and crypto revolution attracts them, and they decide they want to invest too.
Unfortunately, most of the newbie investors will end up losing their money, primarily because of one specific misconception; they think cryptocurrency investing is an easy way to make huge profits. “ “Types of Investors §2
“Gambler” or “Get Rich Quick” Investor
This is the second class of cryptocurrency investor, and is actually not really an investor at all.
This type of person is out to make a fortune as fast as possible. They will fall for whatever sweet-sounding scheme they hear. They love ideas that promise to double or triple their investment quickly. Like the Newbie, they do not understand how cryptocurrencies work, and they don’t care. The difference between this kind of investor and the successful individual or professional investor is that the gambler does not care about the management of risk, or about the timing of trades.
They place their money on the table, and they hope it will make a good return. They are gambling rather than creating an investment thesis and executing a well-thought out strategy. They might even have an infectious positive attitude, but unfortunately it is not backed by knowledge or the due diligence required to be a successful investor.
A good example of this style of thinking, outside of cryptocurrency, is high yield investment plans (HYIPs) that promise to multiply an investors capital by a certain factor. This is not to say that all HYIP programs are scams, but a good number of them are. Most importantly, the investors who flock into such plans have similar characteristics to that of the Get Rich Quick investor in that they will not take the time to learn about the field in which they are investing. They are just looking for fast money and an overnight success. “ “Types of Investors §3
Short Term Traders (Day/Swing Traders)
Short term traders must, without a doubt, be the most knowledgeable investors if they are going to succeed at their chosen profession. They have, or they should have, studied the art and science of trading more thoroughly than other people. This is the kind of investor who has taken the time to learn about cryptocurrencies and the markets on which they trade. Short term traders create deliberate and timed strategies in an attempt to profit from fast market movements. Maybe many of the short term traders started off as Newbies, but these are the individuals who took the time and effort to learn about the market. They wanted to know what they were doing. These are the people who survived and thrived to grow into the type of trader that they want to be.
Interestingly, the Day Trader does not attach emotion to any given coin. They do not need to believe in the sustainability/whitepapevision/road map, etc. of the project they are buying into at any particular time. They just need to be confident about the direction and timing of the potential price movement of the coin. “ “Types of Investors §4
Long Term Investors/ Hodlers
A great majority of successful cryptocurrency investors can be most properly classified as Long Term Investors, or HODLers in true crypto terminology. These are investors who understand quite a bit about cryptocurrency and blockchain technology and believe in the sustainability of the coins in which they are investing.
Think of the first few investors who bought bitcoin in the early days and years, when it was still deep under the radar for most people. These are the people who believed in the blockchain and cryptocurrency revolution. They didn’t sell their bitcoin for fast profit, although they had many chances to do so. They knew what they were doing, holding for the long term. These early investors and HODLers enjoyed astronomical growth all the way up to 2016 and 2017. But to be a long-term holder despite all the bad news and negative factors surrounding this brand new asset class, they must have really believed that bitcoin and the blockchain were going to change the world. This belief can only be established through study and research about the blockchain industry and the specific currencies and tokens in which you are going to invest.
Follow up and learn more on www.ubai.co!” “Types of Investors §5
Sophisticated/Professional Investors
These are experts in cryptocurrency investing. They most likely have a background in other forms of trading and investing, such as in stocks, bonds or options etc. They may also be earning fees by investing or managing money for other people.
The Iconomi fund managers are a good example. Each Fund Manager manages an array of digital assets. Investors might choose Iconomi because it offers a platform for the investor to allocate funds to specific fund managers, with the ability to swap between managers instantly if the investor desires to do so.
Each fund manager selects a number of coins in which they wish to trade or invest, with specified time horizons, short or long term. Investors can buy into the array of mutually held coins. This allows investors to utilize the knowledge and experience of professional fund managers to trade an allocated pool of capital, hopefully generating returns greater than the individual investor would be able to produce on his own.
The fund managers are motivated by the fees and commissions they earn, and perhaps a performance-linked bonus. You can certainly be properly classified as a Sophisticated Investor without any need to be a fund manager for other peoples’ money. But a professional fund manager has the ability to trade with a larger pool of capital, manage complicated risk, and diversify trading strategy to generate various streams of income. “ “Between Countries
A particular country’s participation in cryptocurrencies largely has to do with the legal regulations about blockchain projects and crypto currency investment in that jurisdiction.
When China banned the use of cryptocurrency, most Chinese nationals had to withdraw their investments. Many other countries have also placed bans on the use or trade of cryptocurrencies. Countries like Japan that have allowed the use of cryptocurrencies have witnessed a significant rise in cryptocurrency investments as a result. Japan and South Korea are home to several high-traffic cryptocurrency exchanges, meaning that a notable proportion of their population is investing in cryptocurrencies.
Another way to look at cryptocurrency investment demographics is to look at the bitcoin ATMs present in each country. The United States of America is the leading country, followed by Canada and then the United Kingdom.
According to a report by Google trends, the five top countries interested in bitcoin are: South Africa, Slovenia, Nigeria, Colombia and Bolivia.
Remember, cryptocurrency demographics can be a little tricky due to the anonymity involved. Many people may be afraid to participate in surveys, especially when their governments have placed legal restrictions on cryptocurrency investing.
The main point the research seems to validate is that the demographics of the cryptocurrency investor base is diverse. While the average investor may be a white or Asian male between the ages of 26-30 with at least a university degree, the entire investor base is so much larger than that. Many big investors are likely to be significantly older, and have connections and businesses in the traditional economy as well. “ “Notable Investors in Cryptocurrency
While many people have made fortunes from cryptocurrency investing, a handful of them stand out as being particularly remarkable. We will take a more detailed look at some of the biggest investment success stories to see how they did it and learn about their investing strategy.
The Winklevoss Twins
After being awarded their settlement from the lawsuit against Facebook, the Winklevoss twins decided to invest a significant portion of their money in Bitcoin. They invested $11million of the $65million they received. At that time, the price of a single bitcoin was about $120.
This high-risk investment paid off handsomely and they became the first publicly known Bitcoin Billionaires, perhaps owning more than 1% of the total bitcoin in circulation. In an interview with Financial Times in 2016, the twins jointly said that they consider “Bitcoin as potentially the greatest social network because it is designed to transfer value over the internet”. They also pointed out that compared to gold, bitcoin has equal or greater foundational traits of scarcity and portability. “ “Notable Investors in Cryptocurrency §2
Michael Novogratz
A self-made billionaire ex-Goldman Sachs investment banker, Novogratz has invested more than 30% of his fortune in cryptocurrency. In 2015, he announced a $500million cryptocurrency hedge fund, including $150million of his own money. Novogratz believes that “the blockchain, the computer code that underpins all cryptocurrencies, will reshape finance, just as the internet reshaped communication”.
The investment thesis of Mr. Novogratz is similar to that of the Winklevoss twins. He has taken and maintains a long-term position while he trades in and out of short term moves, based on his fundamental belief in the potential and likely application of the underlying blockchain technology. By starting an investment fund in addition to his other cryptocurrency related ventures, he is demonstrating a strong fundamental grasp of the technology, including its applicability and impact across so many industries. Slide
Barry Silbert
In December 2014 after the US Marshal’s office seized 50,000 bitcoins from the Silk Road, Barry Silbert purchased just 2,000 of those bitcoins at $350 per coin. A few years later of course, those coins were worth millions of dollars.
Barry is the founder and CEO of the Digital Currency Group (DCG) a cryptocurrency investment firm. Barry also made significant profits from Ethereum Classic, purchasing the coin in its very first days. He has invested in over 75 bitcoin related companies, including CoinDesk. As founder of the Digital Currency Group, Barry endeavors to support bitcoin and blockchain companies and accelerate the development of the global financial system. “ “Directly through Exchanges
Step One: Register on a reputable cryptocurrency exchange
To start investing, you first need to register on a reputable cryptocurrency exchange where you can buy bitcoin and other cryptocurrencies. Binance is a good exchange to use in this lesson. While it may or may not be the best, it is currently the largest, and they provide a very supportive layout and customer service department.
You should remember, to buy most altcoins (cryptocurrencies other than bitcoin), you specifically need to use an exchange like Coinbase or Kraken that allows you to convert fiat currency into cryptocurrency. From there, if you want to trade altcoins not listed on that exchange, you will have to transfer your BTC or ETH to a larger exchange like Binance, and buy the altcoin you want, using whichever trading pair that is best suited (BTC and ETH pairs are most common).
As we have already explained, if you are buying Bitcoin or any cryptocurrencies, you should invest in a wallet to safely store your coins. It is not advisable to store your BTC or other crypto on the exchanges for too long, due to hacking and other risks. “ “Directly through Exchanges
Step Two: Determine your Strategy
There are different ways to invest. You need to find a strategy that works for you and your specific set of skills. The value of a cryptocurrency is not defined by a formula or something out a textbook. If everyone was able to calculate the actual value of a share of stock, for example, or a bond, or other tradeable asset, then the price on an open market exchange would never move. Buyers and sellers would know exactly how much the asset is worth, so there would be no reason to sell lower or buy higher than the actual value.
You need to come up with your own ideas and strategies to take advantage of market moves. Sometimes you will have a position that is contrary to the general market. Other times you might be trading in agreement with a majority of other market participants. Investors are basically separable into one of two groups of thinkers. Contrarian investors go against the crowd, swimming against the current; Momentum investors ride the wave feeling secure in the majority. Being different can be good or it can be bad. You do not always want to necessarily get caught up in the most crowded trade. “ “Things to keep in Mind
Bitcoin Futures
We need to mention the bitcoin futures market as another potential way to invest. Toward the close of 2017, Bitcoin started trading on two fully recognized and well-established futures markets; the Chicago Board Options Exchange (CBOE), and the Chicago Mercantile Exchange CME.
The key quote from the exchanges was “because the futures can be traded on regulated markets, it will attract investors, making the market liquid, stabilizing prices and it will not suffer from low transaction speeds of Bitcoin Exchanges.”
For a risk averse investor, this offers a safer entry into cryptocurrency investing. A futures contract commits its owner to buy or sell the underlying asset, BTC, at a set price, and at a set date in the future. The investor in the futures contract does not actually own the underlying asset, but rather is trading on fluctuations in the price of the asset over a certain timeframe, as specified in the futures contract. “ “Things to keep in Mind §2
Common Pitfalls We cannot conclude this lesson without one more look at the common pitfalls a new cryptocurrency investor should avoid.
The problem areas are: -Falling for scams by failing to carry out due diligence. -Relying solely upon self-acclaimed crypto gurus and experts. If you want to trade, you must understand how to read news and charts for yourself. -Too much Greed. Not taking profit when you should. It is better to take a 20% gain, than wait for a 100% gain, only to lose it all in the end. -Lacking an investment strategy or exit plan. -Not sticking to your investment plan or strategy. -Allowing emotions to rule your decisions. Chasing your losses. -Investing what you cannot afford to lose.
And finally, some time-tested wisdom from Wall Street: Bulls make money. Bears make money. Pigs get slaughtered every time. (Don’t be greedy!)
We cannot overemphasize the risk involved in cryptocurrency investing. The potential to make huge gains over a short period of time does not come without risk. There is no doubt that significant players in the global financial markets are entering the cryptocurrency markets too. We are likely to witness more and more government authorities trying to regulate cryptocurrencies, hopefully to the overall benefit of a healthy market. It seems safe to say we will see cryptocurrencies become more mainstream due to the intense interest from the traditional financial industry and institutional investing community all over the world. What are better ways to successfully invest in cryptocurrencies? Which pitfalls should you avoid? Learn all on successful ICOs and STOs after reading the full lesson: UBAI.co How to start your STO/ICO campaign in 2019? Contact me via Instagram, Facebook, LinkedIn to know more about our education: Facebook LinkedIn Instagram
submitted by UBAI_UNIVERSITY to u/UBAI_UNIVERSITY [link] [comments]

r/Bitcoin recap - September 2018 - V2

Hi Bitcoiners!
This is a reworked repost of the 21st monthly Bitcoin news recap. I'm testing out a new format where I list items by topic instead of date so they are easier to digest for the reader. I would love to hear your feedback! (on the categories, the new format vs. the old,...)
For those unfamiliar with these recaps, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in Bitcoin over the past month.
You can see recaps of the previous months on Bitcoinsnippets.com
A recap of Bitcoin in September 2018
Adoption * The Lightning Network surpasses 100 bitcoin in network capacity * Someone paying with bitcoin in Rovereto, Italy at a 20% discount * Someone pays for a car wash in Brisbane with bitcoin * The biggest block yet is mined at 2.26MB * Someone gets a speaker fee in bitcoin after speaking for developers at a bank * A Butcher shop in Venezuela accepting bitcoin * Someone’s story of travelling across 18 countries using 1 btc * Swissquote advertises Cryptocurrency trading on some office windows * People discuss how expensive bitcoin ATMs are
Development * Someone working on a 3D cryptocurrency trading interface * Someone set up their Bitcoin full node + Lightning Network node following a Github tutorial * A new Lightning desktop app by Lightning Labs * The release of the lnd v0.5-beta and C-lightning v0.6.1 * The future of Lightning by Elizabeth Stark * Someone created their own Lightning Network-powered Cola machine
Security * A Chrome extension got hacked and tried to steal private keys to cryptocurrency wallets * Someone tried to attack Slush’s Lightning Network node with a 12 bitcoin capacity * Google Play takes down misleading bitcoin wallets * Japanese exchange Zaif gets hacked for $37M worth of bitcoin * An important bug is discovered and gets patched in Bitcoin Core 0.16.3
Mining * A look into an illegal bitcoin mining operation in an abandoned power plant in Russia * Slush Pool introduces an open-source operating system for some of Bitmain’s mining machines * Samsung is planning to build 10nm Asic mining chips
Business * The Goldman Sachs CFO on speculation about the bank’s bitcoin trading activities * Coinbase is exploring a bitcoin ETF * Bitmain is now planning an IPO at 16% of their original size * Canada approves a bitcoin trust fund * Morgan Stanley offers bitcoin derivates to its clients * The Robinhood investing app is making millions by selling user data to HFT firms * Google ends its cryptocurrency advertising ban * Bakkt on its first Bitcoin futures contracts
Research * An analysis of $1B Bitcoins on the move * As the Lightning Network grows it will become more difficult to track its growth * A $193M bitcoin transaction for a $0.19 fee * A collection of articles and research on PoW’s efficiency * Bitcoin’s energy consumption in comparison to gold mining, paper money printing, the banking system and governments * Europol research shows that bitcoin has not been used to fund any terrorist attacks
Education * A Bitcoin explainer someone spent a year on * An infographic on merkle trees * A discussion on why it is unwise to use bitcoin for crime
Regulation & Politics * The legal status of Bitcoin globally * How Roman coins took hundreds of years to lose their value * US regulators approve Winklevoss Twins’ fiat-backed stablecoin * Hayek on taking money out of the hands of the government in 1984 * Some cryptocurrency businesses in the US have asked US congress to hurry up with regulation * The Prime Minister of Malta on blockchains and cryptocurrencies
Financial incumbents * The US and EU cut Iran off the SWIFT system through threatening SWIFT executives with criminal charges * Visa and Mastercard forced to pay $6.2B for over-charging on credit cards * The Danske Bank CEO quits over a $234B money laundering scandal
Price & Trading * The bitcoin price is at an all-time high in Iran * People discuss the bitcoin price
Fun & Other * A reminder that bitcoin can’t be eaten by the family pet * There is a Bitcoin ‘glyph’ in iOS 12 * Bitcoin posters in Brighton * Bitcoin from a teenager’s point of view * Bitcoin on who wants to be a milllionaire * Scrabble adds Bitcoin to its dictionary
submitted by SamWouters to Bitcoin [link] [comments]

Bitcoin can now buy a citizenship? Newcomers need to urgently read the 'Time traveler post' from 8 months ago!

Original post: http://www.reddit.com/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/
I am sending this message from the year 2025. Things are looking bleak here, and some of you will carry blood on your hands.
If you don't believe me, please move on, as I have no way of proving to you I'm really who I claim to be. I don't want to waste any of your time, so I'm merely going to explain what happened. On average, every year so far, the value of Bitcoin has increased by about a factor ten. From 0.1 dollar in 2010, to 1 dollar in 2011, to 10 dollar in 2012, to 100 dollar in 2013. From now on, there's a slight slowdown, as the value increased by a factor ten every two years, to 1,000 dollar in 2015, to 10,000 in 2017, 100,000 in 2019, and 1,000,000 in 2021. From here onwards, there's no good way of expressing its value in dollars, as the dollar is no longer used, nor is any central bank issued currency for that matter. There are two main forms of wealth in today's world. Land and cryptocurrency.
There are just over 19 million Bitcoin known to be used in the world today, as well as a few hundred thousand that were permanently lost, and we're still dealing with a population of just over 7 billion people today. On average, this means the average person owns just under 0.003 bitcoin. However, due to the unequal distribution of wealth in my world, the mean person owns just 0.001 bitcoin. That's right, most of you reading this today are rich. I personally live next to an annoying young man who logged into his old Reddit account two years ago and discovered that he received a tip of 0.01 Bitcoin back in 2013 for calling someone a "faggot" when he was a 16 year old boy. Upon making this discovery he bought an airline ticket, left his house without telling anyone anything and went to a Citadel.
"What is a Citadel?" you might wonder. Well, by the time Bitcoin became worth 1,000 dollar, services began to emerge for the "Bitcoin rich" to protect themselves as well as their wealth. It started with expensive safes, then began to include bodyguards, and today, "earlies" (our term for early adapters), as well as those rich whose wealth survived the "transition" live in isolated gated cities called Citadels, where most work is automated. Most such Citadels are born out of the fortification used to protect places where Bitcoin mining machines are located. The company known as ASICminer to you is known to me as a city where Mr. Friedman rules as a king.
In my world, soon to be your world, most governments no longer exist, as Bitcoin transactions are done anonymously and thus most governments can enforce no taxation on their citizens. Most of the success of Bitcoin is due to the fact that Bitcoin turned out to be an effective method to hide your wealth from the government. Whereas people entering "rogue states" like Luxembourg, Monaco and Liechtenstein were followed by unmanned drones to ensure that governments know who is hiding wealth, no such option was available to stop people from hiding their money in Bitcoin.
Governments tried to stay relevant in my society by buying Bitcoin, which just made the problem worse, by increasing the value of Bitcoin. Governments did so in secret of course, but my generation's "Snowdens" are in fact greedy government employees who transferred Bitcoin to their own private account, and escaped to anarchic places where no questions are asked as long as you can cough up some money.
The four institutions with the largest still accessible Bitcoin balance are believed to be as following:
Economic growth today is about -2% per year. Why is this? If you own more than 0.01 Bitcoin, chances are you don't do anything with your money. There is no inflation, and thus no incentive to invest your money. Just like the medieval ages had no significant economic growth, as wealth was measured in gold, our society has no economic growth either, as people know their 0.01 Bitcoin will be enough to last them a lifetime. The fact that there are still new Bitcoin released is what prevents our world from collapse so far it seems, but people fear that the decline in inflation that will occur during the next block halving may further wreck our economy.
What happened to the Winklevoss twins? The Winklevoss twins were among the first to die. After seeing the enormous damage done to the fabric of society, terrorist movements emerged that sought to hunt down and murder anyone known to have a large balance of Bitcoin, or believed to be responsible in any way for the development of cryptocurrency. Ironically, these terrorist movements use Bitcoin to anonymously fund their operations.
Most people who own any significant amount of Bitcoin no longer speak to their families and lost their friends, because they had to change their identities. There have been also been a few suicides of people who could not handle the guilt after seeing what happened to the bag-holders, the type of skeptical people who continued to believe it would eventually collapse, even after hearing the rumors of governments buying Bitcoin. Many people were taken hostage, and thus, it is suspected that 25% percent of "Bitcoin rich" actually physically tortured someone to get him to spill his password.
Why didn't we abandon Bitcoin, and move to another system? Well, we tried of course. We tried to step over to an inflationary cryptocurrency, but nobody with an IQ above 70 was willing to step up first and volunteer. After all, why would you voluntarily invest a lot of your money into a currency where you know your wealth will continually decline? The thing that made Bitcoin so dangerous to society was also what made it so successful. Bitcoin allows us to give into our greed.
In Africa, surveys show that an estimated 70% of people believe that Bitcoin was invented by the devil himself. There's a reason for this. It's a very sensitive issue that today is generally referred to as "the tragedy". The African Union had ambitious plans to help its citizens be ready to step over to Bitcoin. Governments gave their own citizens cell phones for free, tied to their government ID, and thus government sought to integrate Bitcoin into their economy. All went well, until "the tragedy" that is. A criminal organization, believed to be located in Russia, exploited a hardware fault in the government issued cell phones. It's believed that the entire continent of Africa lost an estimated 60% of its wealth in a period of 48 hours. What followed was a period of chaos and civil war, until the Saudi Arabian and North Korean governments, two of the world's major superpowers due to their authoritarian political system's unique ability to adapt to the "Bitcoin challenge", divided most African land between themselves and were praised as heroes by the local African population for it.
You might wonder, what is our plan now? It's clear that the current situation can not be sustained, without ending in a nuclear holocaust. I am part of an underground network, who seek to launch a coordinated attack against the very infrastructure of the Internet itself. We have at our disposal about 20 nuclear submarines, which we will use to cut all underwater cables between different continents. After this has been successfully achieved, we will launch a simultaneous nuclear pulse attack on every densely population area of the world. We believe that the resulting chaos will allow the world's population to rise up in revolt, and destroy as many computers out there as possible, until we reach the point where Bitcoin loses any relevance.
Of course, this outcome will likely lead to billions of deaths. This is a price we are forced to pay, to avoid the eternal enslavement of humanity to a tiny elite.
This is also the reason we contacted you.
It doesn't have to be like this. You do not have to share our fate. I don't know how, but you must find a way to destroy this godforsaken project in its infancy. I know this is a difficult thing to ask of you. You believed you were helping the world by eliminating the central banking cartel that governs your economies.
However, I have seen where it ends.
submitted by coolcityboy to Bitcoin [link] [comments]

Winklevoss Brothers Reveal Plans For Bitcoin Trust Bitcoin's Value Explained By Facebook Founders Winklevoss Twins The Winklevoss twins talk Bitcoin futures and fears What The WINKLEVOSS TWINS Just EXPOSED For BTC PRICE In ... Bitcoin Is Like Gold 2.0, Says Tyler Winklevoss

A plan from the Winklevoss twins that would have allowed stock traders to buy and sell Bitcoin without setting up a personal Bitcoin wallet has been denied by the US Securities and Exchange ... In crypto, value is all about expansion and usability. Now that our billionaires have the funds and knowledge, they plan to actively improve on these aspects, thus driving market prices even higher. Winklevoss brothers, in particular, expect digital gold to grow over $25000 within the next few years, if not months. Although their predictions ... Winklevoss Twins Plan a Bitcoin Venture Cameron and Tyler Winklevoss Filed Paperwork for an IPO Tied to the Value of Bitcoin Digital Currency The twins are among the key backers of Bitcoin, a virtual currency traded independently of monetary authorities. Its value jumped earlier this year, but has been highly volatile. Winklevoss Twins Plan First Fund for Bitcoins Bitcoin has been promoted as an alternative crypto-currency that exists outside the realms of governments and central banks. Now, two backers of the digital money are seeking to bring bitcoin into the investing mainstream — if they win the approval of the United States government.

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Winklevoss Brothers Reveal Plans For Bitcoin Trust

Articles and hashtags referenced (I DO NOT OWN Or CLAIM TO OWN ARTICLES REFERENCED OR VIEWED IN VIDEOS): #bitcoin #bitcoins #bitcoinprice GET A Chance To WIN... Autoplay When autoplay is enabled, a suggested video will automatically play next. Up next The Winklevoss Twins Eat, Sleep, and Breathe Bitcoin - Duration: 18:04. Winklevoss Twin: Next Bitcoin Bull Run Will Be ‘Dramatically Different’ Billionaire investor and Gemini founder Cameron Winklevoss says the next Bitcoin bull... Tyler and Cameron Winklevoss, famed for their legal dispute with Facebook's Mark Zuckerberg, have unveiled plans to float a Bitcoin trust. The Winklevoss Bitcoin Trust will initially sell $20m (£ ... "Its going to be fast. In the next 2 years there will be a completely different landscape such as the Internet during 98 and 2000" NOW is the Time... Bitcoin is the Future of Money, Get Yours!

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