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Weekly Update: Parachute Townhall, Welcome $GET to ParJar, Uptrennd reaches 50k members, Fantom on IncognitoChain... – 6 Dec - 12 Dec'19

Weekly Update: Parachute Townhall, Welcome $GET to ParJar, Uptrennd reaches 50k members, Fantom on IncognitoChain... – 6 Dec - 12 Dec'19
Hi Parachuters! As part of 2 of 3 from today's rapid catch up series of pending updates, here’s your week at Parachute + partners (6 Dec - 12 Dec'19):

As mentioned last week, Cap and Ice hosted a townhall to talk about where we are at and where we are heading along with ample feedback and Q&A from the community. We covered a lot of ground: "value hypothesis for ParJar, Product Market fit, and our growth approach for 2020...performance of two key PAR utility metrics, staking and gas, and how we see growth for each in 2020...questions from the community and reviewed upcoming community initiatives". Click here to catch up on all that happened. GET Protocol’s $GET token was added to ParJar this week. Belated Birthday wishes to Doc Vic from Cuba. Jason lost a 5k $PAR wager with Cap on Victor’s age. Haha. Congratulations to Martha for winning this week’s Parena. As per the latest Fantasy Premier League (#FPL) update shared by LordHades this week, he is still ruling the charts at the top with NovelCloud and Alexis hot on his heels. From next week, "You can now view your first opponent in the 2019/20 FPL Cup on the My Team page - under Leagues". While you slay those miles with the Parachute Running Club (which has done 44 miles so far BTW), here’s a podcast to listen to. Cap’s recommendation: "It's geared towards people building products - but super super useful to think about any products you use. Skip to like 9 minutes in to skip through all the advertiesments ". Yes, I know. Cap wouldn’t be Cap without typos. Typos FTW!
Parachute townhall
Parachute-themed shirts designed by Doc Vic and Alejandro on Doc’s birthday. These are sick!
If you want to see yourself on the Parachute world map, make sure to enter your location here. The entries are anonymous. In this week's Parachute Fantasy Football League update, Hang is in the first position followed by Clinton and Andy. Connor made it to the playoffs and is now in 4th position. So it means farewell to Nilz, Ken, Kamo and Cap from this season. CoD mobile players, don't forget to join the Parachute WarZone hosted by Doc Vic from Cuba. I hear there's $PAR and $AMGO to be won! The TTR Hat Contest ended this week with some solid entries running in the lead. Epic creation Wendell! In this week’s creative prompt by Jason, Parachuters had to “do 3 nice things for a total stranger”. Basically, be a true blue Parachuter 😊. For this week's Two-for-Tuesday, Gian made it free-for-all. No theme. Post music as you wish and win 500 $PAR. Cool! Benjamin and Charlotte hosted trivias in TTR this week. Those were loads of fun! Andy announced the start of a College Football Bowl Game Pickem contest in Parachute. 100k $PAR prize pool. Doc Vic hosted another round of Champions League wager this week in TTR.
So much epicness in one picture. Jose, you are a genius!
Andy's Advent Calendar journey continues
Catch up on the latest aXpire update and 20k AXPR burn here and here respectively. As you would already know, instead of pitting both startups against each other, XIO decided to accept both Opacity and Uptrennd into the incubator program and opened up staking for them. This marks the official launch of the XIO Blockchain Incubator and it’s been a roaring start with USD 7k worth of tokens locked up in one hour and Opacity portal getting oversubscribed in no time. Video instructions for staking can be found here. Read up on the startups here. In three days, the total staking crossed 1M XIO levels. Insane! That is a great metric to measure performance. How does the $XIO token play a role in all this? The crew explained in this tweet thread. And with that a series of related discussions got off starting with the possibility of self-nomination for startups. Have a sub-100 CMC project that you think should be part of the incubator? Don’t forget to tag them. Plus, a cool 25k $XIO giveaway was launched. Remember, meaningful conversation is always welcome at the incubator and more often than not, they get rewarded. Check out the latest update on the Birdchain App SMS feature along with an expanded list of supported countries. Silent Notary reduced the $LAW token requirement for running a Masternode from 100M to 20M this week. Russian research company sudexpa.ru also gave its vote of confidence to Silent Notary in terms of its immutability. Wibson Marketing Manager Fi Scantamburlo attended the Latin American Bitcoin Conference Uruguay to speak on Data privacy, monetisation and how Wibson helps achieve these. Opacity now allows shared file preview for uploaded docs.
Shared File Preview on Opacity
Fantom's foray into the Afghan Ministry of Health's efforts to fight counterfeit drugs and other public health initiatives were covered by Forbes this week. Last week, we shared that Sikoba's e-voting platform, Itugen, which is based on Fantom’s Lachesis consensus was released. This week, they published its technical whitepaper. With so many moving parts in the project and so much happening all around, a recap is always a welcome refresher to catch up. $FTM got listed on South Korea’s Coinone with a $KRW pairing. It was also integrated with the IncognitoChain project’s pDEX with a $pUSDT pairing (remember, Harmony was added to the same platform a few days back?). IncognitoChain allows cryptos to be transacted privately using sidechains including those coins/tokens which are not privacy-oriented. Fantom also launched a developer portal and technical documentation ahead of the XAR Network mainnet release. The interoperability bridge is out as well. This allows both ERC20 and BEP2 token holders to move their tokens to the XAR Network. The wallet allows both staking and delegation. For the guide to joining XAR Network as a validator node, click here. A simple guide to staking on XAR Network can be found here. The team also sat down for an AMA with COTI this week. Blockchain Magazine’s interview of Michael was published. Continuing with Uptrennd’s 24 Days of Celebrations started last week, this week they hosted an Escape Room contest and Photo contest. The latest $1UP tokenomics update can be seen here. After 11 months, the platform now has 50k users across 177 countries. Wowza! And wicked stats on the engagement metrics as well. Jeff’s interview with Crypto Beadles came out this week.
A few entries for the Uptrennd Photo Contest
Click here and here for the latest District Weekly and Dev Update from District0x. In case you missed this week’s Dapp Digest, you can watch it here. Aragon fans will be in for a treat since it features Aragon Co-Founder Luis Cuende as a special guest. Remember, we had discussed last week that the Shuffle Monster Raffle had crossed a 10k $SHUF pool. Turns out it got to 13k+. Wow! The latest Hydro developer update is a comprehensive roundup from the entire ecosystem. VCC Exchange listed $HYDRO with a $BTC pairing. Hydro’s security tokenisation protocol, Hail, moved to mainnet this week. The team travelled to Boston for MassChallenge Fintech. Hydro will be hosting a Banking-as-a-Service happy hour next week to talk on how they are building solutions in the BaaS space. For starters, don’t forget to read their article on blockchain applications in finance. The team appeared for an AMA with Apache Traders which also featured a 45k $HYDRO giveaway. Digital payments platform VoPay is now partnered with Hydro for end-to-end payment solutions using Hydrogen API and other Hydro tools. Hydro’s smart contract was audited by Callisto and passed their test with flying colours except for one "low severity" issue. The result: "The contract can be deployed". CTO Tim Allard was interviewed by Ethereum Network Nigeria as part of their Ethereum personality chat series. For the latest update on the community explorer Frost, click here. In Pynk’s first guest blog post, community member (or, Pynkster) Alistaire Wallace talks about what the coming year could hold for Pynk and its community of predictors. Check out the transcript of Sentivate’s AMA with tehMoonwalkeR here.
Sentivate’s new office in PA is shaping up quite well
This week at OST was all about the Pepo app: from angel investor Kartik to Rocket NFT’s Alex Masmej joining the platform, accelerator The Fledge using Pepo Conversations to power community-sourced improvements to businesses, Home for the Holidays Challenge to explain crypto/blockchain to relatives (with a total USD 2k in Pepo coins in prizes) and a “best lifehack” bounty posted by Jason on the app. If you’ve missed all SelfKey news from the past month, you can catch up from the November progress report. Also, did you know that the group Legion of Doom which was once considered to be the most capable hacking group in the world was in a long drawn feud with Masters of Deception in what is now known as the Great Hacker War? Learn more info like this from SelfKey’s latest article on hacking groups. Constellation CEO Ben Jorgensen will be speaking at the Crypto 2020 Summit. If you’re attending, make sure to say Hi. Arena Match announced a trading competition on DDEX with 4M $AMGO tokens to be won. Lucky Bluff Poker will be sponsoring next week’s Arena Match Raffle. The latest Harmony update compilation from the whole team can be found here. In the latest Pangea statistics (Harmony’s experimental staking game to test the limits of its tech), the average staking position is 1.8M $ONE with 75% of participants operate nodes themselves while the rest use delegates. Plus, check out the newest upgrades here. Honest Mining announced mainnet support for the native $ONE token swap. $ONE is also in consideration for listing on Binance US. The token was listed on Pionex this week. The Intellishare website registration and login functions will be down next week for a scheduled upgrade. Also, $INE traders make sure to keep a note of WBFex temporarily disabling the $ETH trading pair. Jobchain’s $JOB token got listed on Bilaxy exchange, P2PB2B exchange, SWFT Blockchain wallet and SWOP.SPACE exchange. The project was also given an A+ score by Xangle. Congrats!

And with that, it’s a wrap. See you again soon with another weekly update. Bye!
submitted by abhijoysarkar to ParachuteToken [link] [comments]

What is your favorite use case for DASH, BCH, BCH or LTC?

Since the beginning of bitcoin we have been infiltrated by agents who are inside our community to create conflicts. DASH maximalism is as destructive as BCH or BTC maximalism
Their strategy is simple, pick one side, praise that choice as superior, get fame & credibility for that, then bash the other community to create conflicts which in the end suck out a lot of energy which we would need for actually promoting the real objectives & building real solutions.
All the coins which have a verifiable limited demand are valid for the purpose to liberate us from the intransparent inflation scam, that has ever been the main purpose of bitcoin, to be a hard & transparent money, to create a medium of exchange that is actually worth what people expect it to be worth.
If you like that approach to find a common goal inside the DASH, BCH, BTC & LTC communities you can create more freedom and peace by using all of them for their specific purpose and praise the positive aspects of that coin without even mentioning any other coin.
In my specific case DASH is great for buying foods & clothes & technology in Venezuela, Colombia, Thailand, New Hampshire, Nigeria. You can find all the verified DASH accepting merchants on http://bitcoinmap.cash and you can find unverified merchants of all kinds on http://discoverdash.com
DASH is great for buying anything with the DASHBACK of 10% which http://anypay.global offers on every DASH consumption! Statistics: http://charts.anypay.global Their map: http://map.anypay.global They currently have a pool of 136 DASH waiting to be dashbacked to you!! https://charts.anypay.global/#/dashback
DASH is great for doing extremely fast trades or extremely fast recharges of mobile phones thanks to InstantSend on http://bitrefill.com or any InstantSend enabled exchange.
BCH is great for shopping in Slovenia, Japan, Barcelona, Australia and online you can get a great discount of 20-30% on each purchase using http://purse.io
BCH is great for coming up with an ICO or token sale and to integrate some automated Cash Scripts into any app that wants to support that. https://github.com/Bitcoin-com/cashscript
BCH is great for buying anything with the BCHBACK of 10% https://charts.anypay.global/#/bitcoincash-back They currently have a pool of 3 BCH to be rewarded to anyone paying with BCH at an Anypay merchant that wants to take that coin. In the end the merchants choose which coins they want to accept.
BTC is great for onboarding noobs, as they will always believe that the biggest coin must be the best coin. BTC is also great to spend them in Arnhem in Netherlands https://www.arnhembitcoinstad.nl/, or at Rovereto in Italy or at many places in Venezuela which actually accept BTC more often than they do accept BCH or DASH. Lately the tx cost of BTC has been as low as 7 cents for a transaction, for many users that is totally ok, as in many territories on this planet we have huge tx fee scams going on. Just last week I had to pay with BTC as that was the only bitcoin they would accept, but I am still happy that I was able to purchase with any bitcoin at all without touching that FIAT scam money.
What is your favorite use case for any of these coins mentioned above? Would you mention any other bitcoin which is limited and transparent? I have never used LTC, but probably there are also some people who have done that.
submitted by SatoshisSoul to dashpay [link] [comments]

Ferrum Network Weekly Update — August 14, 2019

Hello Ferrum Community,
We are initiating a weekly update series to provide a information on our progress, and let you know about upcoming developments.
The focus will be on the tech and business, as well as all everything happening at Kudi, our fiat gateway + payments app in Africa.
Ferrum Network Business Update
This week we are excited to report the following business developments:
Ferrum Network Tech Update
This week we are happy to report the following technical developments:
Kudi Update
Here are the updates for Kudi from the past few weeks in terms of team, sales/marketing and events.
The Team
First off we have some new additions to the Kudi team.
Sales and Marketing
The Kudi Team has been hard at work increasing awareness and growing its user base. The team has held 2 events at Federal College of Education Akoka, yielding approximately 300+ new users on the platform. We are planning more events to educate the people on the benefits of Kudi and blockchain technology.

https://preview.redd.it/61vujr97v6h31.png?width=1050&format=png&auto=webp&s=0c8c8b0a0b3ab797a5c23f7d5d41197478fdd8e0
In addition, the Kudi team has been hard at work selling the app’s Point-of-Sale system to businesses in the Lagos Island area. We have successfully closed several companies to use the Kudi POS from a variety of business sectors.


https://preview.redd.it/xah5ws7cv6h31.png?width=1048&format=png&auto=webp&s=061695417886b92cdf0ec02785159027302d76d9

We have also created a beta page to view customers currently using the software. The page can be found here: https://kudi.exchange/kudi-merchant/. We will also be conducting business specific promotions and events to drive sales to our Point of Sale system.
Upcoming Events
If you are interested in attending these events or helping out, please join the Kudi Telegram channel and ask for an admin!
Coming Up Next — Bi-Monthly Video AMAs
We will be starting a bi-monthly video AMA based on your questions! Every 2 weeks we will be fielding questions from the community and answering the 5 best questions via YouTube video. Please look out for the first one coming up in the next weeks.
Otherwise, we look forward to starting beta testing of the UniFyre Wallet, engaging with more partners, and listing on more exchanges.
Please stay tuned for all updates!
Very truly yours,
The Ferrum Network Team
Links:
Website: https://ferrum.network/
Telegram: http://telegram.ferrum.network
Twitter: http://twitter.ferrum.network
LinkedIn: http://linkedin.ferrum.network
YouTube: http://youtube.ferrum.network
Reddit: http://reddit.ferrum.network
Bitcoin Talk: http://bitcointalk.ferrum.network
Facebook: http://facebook.ferrum.network
Github: https://github.com/ferrumnet/
Instagram: http://instagram.ferrum.network

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submitted by tentbobert to FerrumNetwork [link] [comments]

Stellar Lumens HODL alert: 2017 Round up, Partnerships, Lumens vs. Other Cryptos

Welcome everyone! The future of Stellar Lumens is bright! Today we will look at the accomplishments of Stellar.org in 2017.
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2017 Round Up
IBM / Stellar Partnership
• Kik Messenger’s KIN coin to move from Ethereum to Stellar in 2018
• Stellar ATM introduced in Singapore
• Jed McCaleb confirms IBM/Stellar has 30 banks on board (Youtube Video)
Lightyear.io enables forward thinking financial entities to easily join the Stellar ecosystem.
• IBM adds 8 new validators from 8 different countries onto the Stellar network (article)
Forbes calls Stellar “venmo, but on a global scale - and for larger bodies like banks and corporations.”
• Stellar Lumens Is Up 6,300% Since March and Is Aiming for Big Blockchain Partners (article)
• Many new partnerships (listed below) that will be using the Stellar network in 2018.
Binance and GoPax Exchanges Adds Stellar
Ledger Nano S support is now available for Lumens (XLM)
• The next coin to break into the top 10 cryptos (article)
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2017 Partnerships & Financial Institutions
IBM - is an American multinational technology company headquartered in Armonk, New York, United States, with operations in over 170 countries. IBM partnered with Stellar to help financial institutions address the processes of universal cross-border payments, designed to reduce the settlement time and lower the cost of completing global payments for businesses and consumers.
SatoshiPay - a web payment system that helps online publishers monetize digital assets like news articles, videos, or PDFs in tiny increments without friction.
EXCH.ONE - is a FinTech software company based in Switzerland currently working to integrate its platform and its first technology adopter Euro Exchange Securities UK Ltd. into the Stellar network. This addition to the Stellar network will bring access to currency markets of South and Central America,UK and a number of EU countries.
Novati (ASX:NOV) - is an Australian-based software technology and payment services provider. Novatti is currently working to integrate it’s platform into the Stellar network with the ultimate aim to build a global money transfer solution to provide cross border, cross currency and cross asset payments.
Pundi X - is an Indonesia based fintech company that provides POS device, debit card, multi-currency wallet that empowers individuals to buy and sell cryptocurrency at any physical store in the world. They say "buying cryptocurrency should be as easy as buying a bottled water."
MoneyMatch - is a Malaysia based fintech startup that provides a fully-digital peer-to-peer currency exchange platform for customers to transfer and exchange foreign currencies with complete ease and at great value. The company plans to integrate with the Stellar network and enable pay in and pay out from Malaysia.
Streami - is a Korea based fintech company that offers blockchain enabled cross-border remittance service and recently launched a cryptocurrency exchange. The partnership extends both on the exchange side and remittance operations.
Neoframe - is developing and marketing trading solutions for big brokerage firms in Korea and extends its business to blockchain based applications. Neoframe developed high performance centralized cryptocurrency exchange as well as secure wallet solutions and is working with big financial players. The company is planning to launch a remittance business for ASEAN countries (Thailand, Vietnam, Indonesia, Malaysia, Philippines, Singapore, Myanmar (Burma), Cambodia, Laos, Brunei) using Stellar.
SureRemit($RMT) - is a Nigeria based global non-cash remittances company. SureRemit leverages the Stellar blockchain platform to connect immigrants abroad directly with merchants that provide the services needed by their loved ones back home. With Remit tokens, immigrants all over the world can access digital shopping vouchers that can be spent on goods and services at accepting merchants wherever they are.
Cowrie Integrated Systems - is a Nigerian based Value Added Service Provider. Cowrie provides services at the intersection between telecoms and finance. Cowrie recently joined the Stellar network to bring novel fintech services to the African market.
Smartlands - is a Stellar-based platform designed to create a new class of low-risk tokens, secured by real, profitable assets in the real-world economy. Smartlands is designed to promote investments in the agricultural sector by allowing investment in individual projects, agricultural companies or indexes of groups of projects. These investments will be fully collateralized by agricultural real estate, other productive assets such as fruit or nut trees or, in some cases, the actual crop.
Klick-Ex - is an award winning regional cross-border payments system delivering financial infrastructure for emerging markets. It has been responsible for dramatic uptake in digital financial services in unbanked regions of the world, and lowering costs for banks, central banks and consumers in low liquidity currencies. Its key presence is in the Pacific and Europe, and it is a founding member of www.APFII.org processing more than 775,000 transactions per second, per billion of population (source).
Mobius - Mobius connects any app, device, and data stream to the blockchain ecosystem. Our simple and easy to use bidirectional API allows non-blockchain developers to easily connect resources to smart contracts and more. The Mobius MVP acts like Stripe for Blockchain by introducing innovative standards for cross-blockchain login, payment, smart contract management, and oracles. The Mobius Team includes David Gobaud, Jed McCaleb (Stellar.org founder), Jackson Palmer (creator of Dogecoin), and Chandler Guo (notorious Bitcoin & blockchain investor).
Chaineum - Chaineum, the first French ICO Boutique, will use the Stellar network for upcoming ICOs. “Chaineum is positioned as the first “ICO Boutique” in France, providing a range of end-to-end services to companies and international start-ups wishing to develop with this new funding mechanism. Chaineum is preparing 8 ICOs by the end of 2017, for European, North American and Asian companies, of which cumulative amount could reach € 200 million." (source)
Poseidon Foundation - Poseidon will simplify the carbon credit market with the creation of an ecosystem built on Stellar.org’s blockchain technology. This technology will prevent double counting of carbon and will be consistent across jurisdictions, making it easier for companies to deliver and measure progress towards their climate targets or other goals such as deforestation-free commitments.
Remitr - Remitr is a global platform for cross border payments, licensed in Canada. Remitr uses the Stellar network for international settlements for businesses as well as other payment partners. Remitr’s own payout network of 63 countries, comprising several currencies, is extended onto the Stellar network.
MSewa Software Solution (MSS) - MSewa Software Solution (MSS) Payments provides a one-stop digital payment service available across the Globe. MSS Payments aims at serving the consumers (Banked, Unbanked and Underbanked) with mobile banking facilities on the move from anywhere by transferring funds in their mobile phone.
PesaChoice - PesaChoice is a leader in international bill payment services for the African diaspora. PesaChoice aims at making international bill payment process easy, seamless, secure, with reasonable and competitive service fees, and up to date technological advances.
SendX - Singapore based SendX, in partnership with Stellar, is the better way to move money worldwide. The SendX team believes that the future of transactions is decentralized and distributed, bringing true equity to everyone across the value chain.
VoguePay - VoguePay, with offices in the United Kingdom and Nigeria, is partnering with Stellar to become the cheapest and most efficient way to send money between the United Kingdom and Nigeria. In the coming months, they expect to expand this service to other selected African countries.
HashCash - Hashcash consultants build financial solutions for banks and financial institutions over blockchain. We leverage the Stellar platform to build products that vastly improve the remittance and payments experience for banks and their customers. Transfers happen lightning fast at a fraction of current rates and operational cost is significantly reduced. HashCash is headquartered in India, with operations across South Asia and the Gulf.
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Stellar Lumens vs Other Cryptocurrencies
Lumens vs. Bitcoin: Jed McCaleb spoke at Distributed Markets in 2017 about the advantages, but more importantly, the disadvantages of Bitcoin. Listen to the talk here. Jed said, “Bitcoin is this awesome innovation. The first thing it does is converts a real world resource, electricity, into a digital asset. So it takes something from the real world and puts it into the digital realm. The second thing it does is provides immutable public record. It’s basically a database that everyone can see but no one change arbitrarily… That’s great, Bitcoin solves the double spin problem [ of proving possession and transmitting volume]… [However, to fix the problems of bitcoin] you might think well maybe we’ll just kind of keep adding [software] to Bitcoin until we get there, but that’s not really the way software works. You want to have the design from the beginning and solve these simple issues. Bitcoin was designed to be a new currency, it wasn’t really designed to be this unifying universal payment network. So that’s what Stellar does. It solves these three remaining issues.”
Lumens vs. Bitcoin #2: According to wired.com, "Bitcoin mining guzzles energy - and it's carbon footprint just keeps growing." Wired says "Today, each bitcoin transaction requires the same amount of energy used to power nine homes in the US for one day... The total energy use of this web of hardware is huge—an estimated 31 terawatt-hours per year. More than 150 individual countries in the world consume less energy annually. And that power-hungry network is currently increasing its energy use every day by about 450 gigawatt-hours, roughly the same amount of electricity the entire country of Haiti uses in a year." Because Stellar is based on a consensus algorithm rather than mining, it takes much less energy to run the Stellar network. The Poseidon Foundation decided to build their platform on Stellar rather than Ethereum or Bitcoin because of this (twitter source).
Lumens ICO tokens vs. Ethereum ICO tokens: According to Stellar.org, "traditionally, ICO tokens have been issued on the Ethereum network in the form of ERC20 tokens. ERC20 tokens are easy to issue and are infinitely customizable using Ethereum’s smart contracting language. However, recent events have highlighted and exacerbated some weaknesses of the network, including slow transaction processing times for the network during ICOs and increasingly expensive gas prices (by fiat standards) for transactions and smart contract execution. Moreover, many organizations require only basic tokens; they adopt the risk of Ethereum’s Turing complete programming language without taking advantage of many of its benefits."
"While Ethereum has the most expressive programming capabilities, we believe Stellar is the best choice for ICOs that do not require complex smart contracts. Stellar’s primary goal is to facilitate issuing and trading tokens, especially those tied to legal commitments by known organizations, such as claims on real-world assets or fiat currency."
Stellar vs. Ethereum #2: The median transaction time on Stellar is 5 seconds, compared to approximately 3.5 minutes on Ethereum (source). Stellar has a negligible transaction fee (.00001 XLM ~= $0.0000002) with no gas fee for computation, while depending on the complexity of the computation, the median cost for a transfer on the Ethereum network is $0.094. Security: While both Stellar and Ethereum run on a decentralized network, the Stellar network has fewer security pitfalls. Stellar uses atomic transactions comprised of simple, declarative operations while Ethereum uses turing complete programming capabilities which produces less auditable code and greater risk of exploitable vulnerabilities (source). Recently, a security flaw in the Ethereum network froze millions of dollars. According to Mobius ariticle written by David Gobaud, "On November 6, 2017, Github user deveps199 'accidentally' triggered a bug in Parity, a popular Ethereum mult-sig wallet, that froze more than $152 million in Ether across 151 addresses. The bug impacted several token sales including Polkadot, which has had ~$98 million out of its recent $145 million sale frozen."
"Mobius had none of its ongoing pre-sale Ether frozen because we do not trust Ethereum’s Smart Contract based multi-sig wallets given the vast Turing complete attack surface and did not use one. Security broadly is one of the main reasons the MOBI token that powers the DApp Store is a Stellar Protocol token and not an Ethereum token."
Lumens vs. Ripple: According to Wall Street Bitcoin Exchange, "Many investors like to compare the company [Stellar] to Ripple, and there are a lot of similarities, being that some of the founders worked on the Ripple team. In what can now be looked at as another blockchain development drama that plays out on chat boards and in interviews all across the globe. Stellar declared they fixed Ripple’s problems with their hard fork, however, Ripple has failed to admit to any of the flaws in its design that the Stellar team has pointed out." The article concludes by saying, "We Choose XLM Over XRP For 2018. That is why we are going with Stellar Lumens over Ripple in our portfolio for the rest of 2017 and 2018. After holding Ripple for a long time this year, it just never seems to make the big break like other names with bigger market caps like Bitcoin Cash, Dash, and Litecoin have. While we are holding on most all our larger market caps, we feel that Stellar Lumens will be one of the break out coins for 2018."
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Conclusion
The stellar.org team is doing an amazing job making partnerships and pioneering the use of blockchain technology for various types of transactions. What we are seeing is a new technology that can actually be used to solve real-world problems. As a community, we need to continue supporting Stellar and we will quickly see it power transactions across the world. What are your thoughts about Stellar? What do you see in the future of Stellar? Any important news you want to share? Comment below.
submitted by chargingerman to Stellar [link] [comments]

BINANCE: A DRIVER FOR BLOCKCHAIN AND CRYPTO-CURRENCY ADOPTION

  1. Introduction Binance is an exchange company formed in 2017. If one may ask, is Binance just an exchange or a progressive crypto exchange? My answer is that Binance is not just a crypto exchange company but an 'engine' that drives crypto-currency adoption. How? My readers may ask. My answers will first start with a simple analogy of what is adoption.
Adoption is a process whereby a person assumes the parenting of another, (usually a child, from that person's biological or legal parent or parents,) and in so doing, permanently transfers all rights and responsibilities, along with filiation, from the biological parent or parents (Wikipedia,2018). In the sense of crypto-currency it is a process whereby a person assumes the parenting of another ( new idea or way or thing) and in so doing permanently transfers all rights and responsibility that belong to the old or normal way to the new way. Driving in the other hand is knowing how to operate the mechanisms which control the system (vehicle); it requires knowing how to apply the rules of the road (which ensures safe and efficient sharing with other users). An effective driver also has an intuitive understanding of the basics of system (vehicle ) handling and can drive responsibly (Jacob,2018). A driver may be a person, company, a system or device that knows the mechanism which control a system and the driver must formulate or know the rules and the basics of directing the system to its target. A device driver for instance is a system (computer program) that operates or controls a particular type of device (EMC,2010). In our case we are looking at crypto-adoption driver, a person or company that knows the mechanism which can be used to make greater number of people to transfer permanently the rights and responsibility of fiat money to blockchain currency (Crypto-currency).
A clear case of driving adoption can be easily seen in Football which have been in existence long ago, but FIFA devices a way to entice all nation to participate and develop football infrastructure in there countries by moving Football tournament hosting around different regions and other things they did to make the sports to be popular (adopted) all over the regions of the world.
Similarly, crypto-currency have been there before Binance started, crypto-exchanges have been there before the advent of Binance but what Binance did and what they did not do helped in replicating adoption across all the regions of the globe. The only challenge here is whether these position can be substantiated?
  1. The Authors experience My name is Bartholomew Eke (PhD), a Software Engineer and Senior Lecturer at the University of Port Harcourt, Nigeria, Africa. I developed interest on cryptocurrency in 2010 after reading Nakamoto published paper Bitcoin: A Peer-to-Peer electronic cash system (Satoshi,2008) which I saw as a research on cryptography protection of online payments. I didn't well understood it until on Febuary 2014 on hearing that Mt. Gox the largest Bitcoin exchange tend, had gone bankcrupt and had made away with depositors 'Coins'. The word coins attracted my interest, I wondererd why they should be keeping the Coins instead of the notes, but I latter learnt it was not Coins but Bitcoins. Before that time Satoshis's Bitcoin was simply viewed by me as a research exercise aimed at improving crryptography which I had many programs on. The research on tracking of Mt. Gox Bitcoin in the publication of Sarah et. al (2016) increased my interest in Crypto-currency and exchanges research. The research is still ungoing though I have published some of my findings but one of my crushial discovery is that Binance is not just a cryptocurrency exchange but a driver of cryptocurrency and blockchain adoption. I am one of the few people trading in crypto exchanges as part of my research project so it often does not matter whether I gained a trade or lost provided I made my findings. I have used more than 15 exchanges only on experimental bases some of which include Coinbase, Blockchain, Kraken, Bitrrex, Tradesatoshi, Binance, Kucoin, Bit-Z, Cryptopia, Luno, Abucoin and Cryptagio just to mention a few. My criteria of registering include Low volume, High Volume, Low fee, High Fee, difficulty of registration, exchange incentive, exchange policy, cardinal goal of exchange, Fiat or non-fiat, age of exchange and other criteria which I will still publish in my future paper. I have lost and gained crypto in the process of the research but I saw some things that Binance does differently which may or may not have contributed to surge in users interest.
  2. Binance Key Drivers In discussing the story of a young exchange called Binance there are some findings worth mentioning and they include: i) Segregation (Discrimination) : In all the money transfer companies and exchanges I have studied before the advent of Binance there is serious segregation among its customers. In some exchanges this differentiation is very scaring but in Binance it is very minimal, unnoticeable and almost non existent. I will use three experiences to explain, in Coinbase my country (Nigeria) can not trade but they can deposit and withdraw crypto, so why allow them to register only to segregate. Most exchanges, majority of users do not withraw more than 1BTC per day but exchanges group them into three level of users which have different withdrawal limits ( which is very OK for some reasons) but many exchanges go further to place trade restrictions based on this segregations. For instance Cryptopia do not allow you to trade USDT or its equivalent if you are not in certain levels. Bit-z will not allow you to participate in some trading competition or even get airdrops if you are not in some category of user. There are more instances but you will not experience any difference as a user until you want to withdraw above certain limits in Binance. Binance operates little or no discrimination allowing 'Private Crypto' users to remain in level 1 and operate freely provided they withraw smaller amounts. There are many world micro scale and unbanked users who can not afford to get any valid government ID for level 3 registration- Binance is were they fill welcomed. I spent some months as level 1 client and now am in level 2 but my withrawal is hardly upto one BTC a day so I feel no difference but that's not true with many exchanges. ii) Incentives: The unprecidented incentives that Binance offer can make some body with zero dollar to be a marchant with Binance. In November 2017, I told my research students who do not have funds to complete their research work, to register in Binance and generate money to finish their research; they did and are about to graduate. Binance empowered them, they simply registered, got some Airdrops from some new crypto companies, sold and traded with the money and where given trading bonuses and they sold the coins and paid for there research costs via Binance. Their trading incentive vary so much that all kinds of traders benefit, to be more concrete Ontology had a condition of trading 0.5BTC over a week. Using $100 a trader can easily trade five times a day which is $1000 buy-sell volume, in five days that is $5000 volume above 0.5BTC at that time and they gave 1000 ONT which was worth (at some time) $10000, what else is incentive or empowerment. No one can deny these facts. Some new exchanges have copied these model which is great for cryptocurrency adoption. All young school leavers in my area are into Airdrop due to this model introduced by Binance. iii) Low trading Fee : Binance is a cryptocurrency which is accepted for transaction in my local domain thanks to the exchange, for the past six months IT training centers in my locality accept and use Binance as payment for IT training. Trading fee is half when the coin is used to pay for fees but due to its relative stability Binance have found usage in other payments. Beginners can easily learn trading at reduced cost due to low fees. Majority of crypto traders in Binance are startup traders who are learning fast due to trading incentives. iv) High Volume: One of the Support team in Abucoin said that people go to Binance because of there high trading volumes, many people still have the same opinion. But as an academics I know that at a time Binance traded less than 1BTC during their starting stage either as one second or one minute trade volume, they did not start the first second of opening trade with large volumes. BTC only have less than 40% of all Crypto (Coinmarketcap,2018) and Binance introduce good altcoins which was followed by volumes. I was told when Binance started by a forum friend that an exchange that does not offer fiat currency will not attract traders but I differed, insisting that a trader will always prefer to make money in 'Aghanistan and spend it in Paris'. If a trader can ingage in quality trade in an exchange he will only go to the next exchange for cash-out. Cashing out is not always a problem once there is another exchange that is ready to exchange even a single crypto like Bitcoin or even TUSD or USDT. v) Honesty: Binance is an honest exchange, they promise they will distribute prices for trade in a given time you will get it before the time or right at the time they promised. Some exchanges do not add crypto handling delays when they make promise only to discover that a transfer may take 30 seconds today and 3 days the next hour. Binance will tell you two weeks after trading competition the coins will be distributed, they do not usually mean it. What they actually said is that "in two days time after context we will send the winners there coins and the coins can take at most 10 days to reach". In most cases the coins reach in seconds instead of the added days they promised. Cryptocurrency is scary and new users are afraid of dealing with faceless customer service personnels, emails and text messages. What they always want is "your coin is confirming 1/30 confirmations"; they can go to sleep believing that in 5days the coin will be their own. Binance delivers on promises. When they found abnormality that will make customers loss they will raise alarm. For instance during Bytecoin surden price spike in early May 2018 they warned customers to trade with cursion explaining that coin deposit problem may have caused price abnormality-honesty. They constantly remind you to trade with their Binance coin for low fee even when they know that your failure to do that results to higher fees and more gain to the company but they prefer to honestly warn customers. v) Selection of Promising Alt Coins: I am a lecturer in Africa and have never worked with any crypto company but I have traded more than 15 coins in Binance (the evidence is the piece of coin left) but the coins are promising. The coin that is usually at the bottom of the Binance volume is Via Coin which is still a good coin (from my accessment). Most of the coins listed in the exchange easily move up creating great choice and selection space for traders. When crypto exchange grow, users grow and trading space need to grow, Binance is master in that strategy. If a company produces a fake coin or even a 'good coin' with bad road map they will not even approach Binance for listing for two reasons- fear of not spending their money since they do not have plans to make more money from long term plan, fear that there listing request will be rejected. The choice of coins cut across prices and different rating in Coinmarketcap; Binance does not wait for a coin to be in the first 100 before listing them rather if they believe the coin is promising they select the coin. vi) Recognition of developer community Any IT company today that do not take care of its developers or technical teams well will loose them to other cryptocurrency companies and there are many of them coming up. Exchanges seem to believe that there job is to deal on other peoples products but Binance has shown that the best we to understand the crypto world is by been one with it. Binance is not just an exchange, it is a cryptocurrency, a blockchain technology and security and software development organization. This is correct but that can not be said of many exchanges except those copying Binance model. Surprisingly those exchanges copying Binance are also getting visible result. vii) Efficiency and Speed of Site and Trading App. There are things that the Western countries take for granted- power availability and very high speed internet connectivity. Readers of this story from advanced nations should jump to the next point. But the rest of the world have little power which is not even available always and internet cost are high and speed are extremely low. Even when the provider have technology to provide high speed users prefer to have their data last for one full month than to see it finished due to high speed usage. Some times provider intentionally slow down speed to avoid customers outcry of quick finishing data. This calls for exchanges to carry majority of users along in developing there trading platforms. The faster the better and Binance is acting and continues to work on this. viii) Security This is closely related to technology since internally trading apps needed to be upgraded to remain ahead of hackers, crakers and phishing organisations. Early in the year 2018 Binance had a phishing attack, we could easily imagine the state of the cryptocurrency exchange now is they had suceeded. But the phishers could not still coins even when they have broken in, this increased users confidence in the exchange and draw more new clients. The new features added to the exchange have even made email phishing extremely difficult to phishers. There are other security features added which users can sence but are hidden to public discussion. ix) Rich Binance is a rich company, rich in their attitude to the world community, rich in income generation, rich in the way they give to start up companies even when they are also start up themselves, rich in their logo and rich in communicating with customers. Rich in innovative ideas. Binance is rich. Poverty repels, so Binance will keep attracting every body to itself. x) Binance is blessed with an experienced and humble CEO When a company has an experienced leader the multiplier effect is seeing on the rest of the staff. Innovative staff will have little headache in getting their ideas approved. An arrogant leader is a liability to a company and make the company to keep regreting its actions. The leader is planning to go to Malta but he is still insisting that it is just a branch of Binance making the current host the consider its stands on tough regulation.
  3. Binance Road Pot Holes A driver must be careful about pot holes else his good car may tumble. Binance no dought now is really a cryptocurrency innovation adoption driver and must watch out for the following. i) Rise of Communities around cryptos Communities grow a company and communities make companies to go down. If all traders pull out from Binance the company will be history. When Bitcoin started, there was one cryptocurrency community, one group of Bitcoin developers, one Bitcoin enthusiast, but today that is far from the reality. We now have many Bitcoin communities (BTC, BCH, BTCP, BTG etc) and many altcoin communities. Passion have started to roll in these communities and support is continously solicited and soon tougher competitions will ensure the coin to list need to be voted for and a new way for paying for coin listing should be deviced using Binance Coin to vote. ii) Ico Support Binance supports ICOs but for more than three months there LaunchPad on their website have being showing Bread and Gifto, this is very bad. When not launching a coin the LaunchPad need to be empty and when new coin are not coming to the Binance LaunchPad the LaunchPad should go to new coins. Binance community can vote to select the next coin that will go into the LaunchPad. If it required payment then they can use their binance coin to vote and get rewarded by the new coin in a form of shared bounty or airdrop. iii) Strong Community We have discussed the rise of communities, binance is lacking on strong community (a group that have strong passion for Binance as an Exchange, a Cryptocurrency and as a Technology). A community driven by volunteers and not by Binance employee, a community that will work for the passion and not for duty. I see three Binance and the group must be very passionate about the three. This may not be group of Binance Traders - no they are too busy and have no coin or exchange friend. Binance may be working towards this direction in the Binance Angels project but wisdom must be used to get the correct arrow head of the community and to actually let go of the person to freely handle the community. If the staff want to lord it on the community followership will be for duty not for the passion. iv) Binance Bounties Binance have so many trading bounties won after the competitions. This is good but part of this bounties need to be used to bring in more new users who will register and a buy Binance and smaller amount for new members without any conditions. The trade competitions the way most of them are ends up in the hands of already suceessful members who can trade once a day and win the competition due to there financial musle. These group of big traders are highly desirable and will continue to remain in the first to third places. But future members need to be attracted with the little tokens falling out from every bounty. v) Need for Binance_Inc Exchange Binance is so big and will get bigger. Binance need to have another cryptocurrency exchange, but instead of just an exchange Binance should have an incubator exchange. 'Division Two exchange' this exchange will be low volume and should serve as a source for listing in the main exchange. If a coin is performing with high volume it can be moved to the main exchange. In a crypto in the main exchange is not performing in they can be moved back to the incubator exchange. In this way Binance will remain the technology and develop in other areas.
  4. Binance as an Innovative Crypto-currency Adoption Driver It has been said that adoption is the original dependent variable in innovation research and the desirable property of innovative systems which change agents seek to enhance. "Innovation" on the other hand is any change in structure, design, products, or processes in which there is a definable new element introduced into the system; the process is essentially the same for all technologies including blockchain technologies. In innovative space the characteristics of people or organizations are associated with higher levels of adoption and the company that makes the adoption to happen faster is very innovative. The voiced or unvoiced assumption underlying the examination of correlates of innovativeness is causal: If we manipulate the characteristics of organizations or individuals so that they more closely resemble those of the highly innovative, we will make the organizations or individuals themselves more innovative (Eveland, 1979)
Conclusion It is very easy to conclude this article by saying that since Binance was able to make more people to adopt cryptocurrency in a fast manner that they are not only drivers of cryptocurrency adoption but they are Innovative. Ask of an innovative cryptocurrency exchange the response should be Binance, when they move others copy so without the statistics of their trade volumes one can easily see that they are truely the leaders that the crypto exchange space have today.
References Eveland J. D. (1979) Issues in Using the Concept of "Adoption of Innovations", Journal of Technology Transfer, 4(1) 1-13, Retrieved 2018 from jdeveland.com/papers%20for%20Website/adoption.htm
EMC Education Services (2010). Information Storage and Management: Storing, Managing, and Protecting Digital Information. John Wiley & Sons
Nakamoto S. (2009) Bitcoin: A Peer-to-Peer Electronic Cash System, Retrieved 30 May, 2018.
Sarah M., Marjori P., Grant J., Kirill L., Damon M., Geoffrey M. V., and Stefan S.,(2016) A Fistful of Bitcoins: Characterizing Payments among Men with No Names, Communications of the ACM, 59(4), 86-93,USA.
Jacob M. Appel (2018); "Must Physicians Report Impaired Driving? Rethinking a Duty on a Collision Course with Itself"; Journal of Clinical Ethics (volume 20, number 2).
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DOWNLOAD BITFXT Wallet Now!

DOWNLOAD BITFXT Wallet Now!
Bitfxt wallet and exchange, and bitfxt wallet is now available on playstore. DOWNLOAD NOW! and rate ★★★★★

https://preview.redd.it/7o7u19ffobr11.jpg?width=549&format=pjpg&auto=webp&s=2006f1329484e4f530d21097b69a5faa974eb6ac
Bitfxt Wallet is an android native wallet for securely storing and trading ETH and BTC. Users can as well trade and exchange with their local currency using bitfxt wallet
Highlights of Bitfxt Bitcoin and Ethereum Wallet:
✓ Buy and sell digital currency: You can easily buy and sell digital currencies like bitcoin and ether directly from your Bitfxt account without having to leave the app. This functionality is available currently only available to Nigeria but will soon be available to other African countries and beyond.
✓ Connect bank account: You can easily deposit or withdraw money, and buy or sell bitcoin with your linked bank account.
✓ Instant transfer: You can instantly send your bitcoin and ethereum to another bitfxt user free of charge without any fee.
✓ Web and mobile — You can open your bitcoin and ethereum wallet and fully manage it on both web and mobile, and access your bitcoin and ether any time.
Bitfxt Bitcoin Wallet for Android
Bitfxt Bitcoin Wallet for Android has been designed from the ground up to to provide the best possible digital currency experience on your Android device.
Features includes: ■ Wallet: send and request bitcoin and ether instantly by name, email, or digital currency address ■ Buy & sell: instantly convert your local currency into or out of bitcoin and ether. ■ Price charts: Track real time and historical bitcoin and ether price with price charts functionality. ■ Security: set a 2 factor Authentication to protect the app.
About Bitcoin and Ether Blockchain, and Bitcoin Wallets Bitcoin is digital money used for secure and instant transfer of value anywhere in the world. There are many ways to earn bitcoin, such as from bitcoin mining, bitcoin games or bitcoin trading. Bitcoin price is the price at which you can buy bitcoin in your local currency and it changes based on the supply and demand of bitcoin.
Ether is a digital currency used for operating smart contracts on the Ethereum network. Like Bitcoin, the Ethereum network and Ether tokens are not controlled or issued by any bank or government — instead it is an open network which is managed by its users. Smart contracts are applications that run exactly as programmed without any possibility of downtime, censorship, fraud, or third party interference — a smart contract will work exactly the same way every time it is used.
Getting a bitcoin and ethereum wallet is the first step towards your bitcoin mining, bitcoin games, ethereum games or bitcoin trading.
➠ To learn more about Bitcoin: wikipedia.org/wiki/Bitcoin ➠ To learn more about Ethereum: wikipedia.org/wiki/Ethereum
Our mission is to provide most easy and secure digital currency value-added services for consumers and merchants.
➠ Follow the latest news on Bitfxt and digitial currency: https://bitfxt.co/cointracker
❐ Please don’t hesitate to contact us at [email protected] for any issues you may have with Bitfxt Bitcoin Wallet
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WHAT IS SOOM?

Soom is a project developed to perfect the world's first Blockchain 4.0 platform ecosystem. This is also the first time in the world that a Blockchain platform is a practical application in everyday life with the combination of two algorithms Proof of Group Stake and Proof of Transaction is integrated directly into the Mobile Wallet .
Normally, the current blockchain platforms in the world still need at least 10 minutes to confirm for a transaction. This is the biggest obstacle for implementing blockchain in the areas of life. With the arrival of Soom, this problem seems to be solved with four breakthrough features:
The transaction speed is pushed down to 8 seconds, easy to apply in real payment
In Soom, each block is formed by 512 cells, also known as the chain, cells that will be randomly identified from the participants in the system. Processing algorithms will be divided equally for each cell to minimize duplication of results. This helps the algorithms in the ecosystem to optimize the processing time to the maximum (8s).
In addition, the required security in the payment platform will be maintained by the Space & Time algorithm - space and time. This value is defined with each cell in the block and stored directly in the blocks, thereby creating a completely random security basis, unable to grasp the rule to break.
Minimize transaction costs to the lowest level
By limiting the number of participants in the algorithm, it is thought that limiting unnecessary costs to results. This provides direct benefits to those conducting the transaction when the cost of payment is reduced to a minimum
Develop and complete Mobile Phone Minning
The Mobile Phone Mining system provides a practical and convenient value to anyone who owns the Soom virtual currency, allowing users to be able to mine directly on a mobile device without the need for a case array with " "Like other Crypto coins.
The basis for this is that Soom has adopted two Proof-of-group-stake and Proof-of-transaction algorithms to motivate people to take blocks, accelerate speed and transaction processing. , making every transaction simpler to perform on a mobile device anywhere.
Automatically collect, store and process Big Data
With Soom's blockchain 4.0 platform, blocks - Mobile blocks are aggregated into table blocks and arranged into space blocks based on content classification. For every 10 Moble blocks completed, create a table of blocks, for each of the 8 Blocks to form a Space Blocks. Each Mobile block is ordered by content through the MerkleRootHash function, which allows for faster processing of data to increase the ability to collect and store data when needed.
Dual security system
In addition to the same security features as other blockchain platforms, Soom also designed a dual security system to completely prevent attacks on the system during the exploit. blocks. The double security consists of a private key of the wallet used in the transaction and the private key of the Group. Group private key is executed during the grouping process. Group private key is made up of the public key of each group member and the current time value of the group - Current Time of Grouping, which is updated continuously every 8 seconds.
SOOM's BUSINESS MODEL
Soom will develop the following main business lines:
Blockchain as a Service (BaaS)
There are now a lot of companies that want to use blockchain with features designed specifically to fit the needs of the company. But not all companies have enough resources to design such a blockchain system. With the groundbreaking structure of the Soom Blockchain platform, it will allow the creation and maintenance of custom secondary blockchains supported by the mainnet.
Soom will provide this solution to all businesses of all sizes and industries that want to incorporate Blockchain technology into their business. This service is called Blockchain as a Service (BaaS).
Soom will also provide consultancy services such as modifying existing features or building additional custom functions to fit the needs of each customer. All feature requests will be made by Soom's leading engineers to ensure the maximum benefit and efficiency of integrating Blockchain technology into the customer's business.
Soom Wallet
In the first stage, Soom wallet acts as a secure and easy-to-use Soom coin storage device on mobile devices and computers.
When the Blockchain 4.0 platform becomes popular, the Soom wallet becomes the all-in-one purse that meets the needs of the user. All features of the Soom Wallet are developed with criteria to bring convenience to users.
⦁ Multi-currency: Soom wallet users have the choice and to store different types of blockchain assets without the hassle of having to switch between different types of wallet for deposit fees.
⦁ Dual Security System: Developed on the Blockchain 4.0 platform, the Soom wallet has superior security features Private key and Group private key.
⦁ Location Based Service: The Crypto industry lacks places - where electronic payment is accepted and even difficult to locate. Existing services like Coinmap and UseBitcoins.info are mostly outdated, and often lead to erroneous instructions that take time for the customer. Soom will provide the ability for stores to update their location on the Soom wallet map so customers can easily search.
⦁ Loyalty programs: All Soom Wallet users will receive discounts, promotions and media events from the stores they are interested in.
⦁ Crypto Exchange: In the future, Soom plans to incorporate the electronic money transaction feature directly into the Soom wallet. With the goal of making the transaction function fast, safe and completely free transaction costs.
⦁ Utility bill payment: payment of invoices is often done repeatedly by the user. Makes this feature a perfect candidate for the important feature of Soom Wallets. However, blockbusters in countries with blockchain restrictions make it impossible to integrate this feature in the next two to five years.
⦁ Merchant edition: Soom is developing and upgrading its version of Soom wallet to best suit the needs of the seller. Soom wallet Merchant Edition will include the following features:
⦁ Invoice Generation: As soon as the transaction is confirmed, the invoice will be automatically sent to the buyer's purse.
⦁ Big Data Analysis: Analyze data on customer behavior: favorite items, purchase time, payment levels, interest in promotions ... ⦁ Target by geographical location with Soom Duo: Sellers can send messages, notifications of discounts, special events to Soom Wallet users near the geographic location of the store. ⦁ System management: Soom wallet provides different levels of access to the wallet information of the store according to the managerial hierarchy: staff, team leader, director ...
Soom Pay
Soom Pay is a mobile payment company based in Korea, developed for the purpose of providing a comprehensive payment solution for merchant consumers across Asia. Sellers using Soom Pay will see transactions paid for in their local currency while the customer is a foreigner, and they will even use a wallet application in their home country.
Soom Pay is the first destination for tourists from China. In 2017, the number of Chinese tourists is 130 million, spending up to 260 billion dollars and 97 percent paid through mobile payment applications.
To meet the needs of Chinese tourists, Soom Pay has cooperated with major payment applications in China such as Alipay, Wechatpay, QQ, Unionpay Quickpass ...
Soom Pay's development team is also working with mobile payment service providers in Asian countries to expand the payment route portfolio and provide its services to many merchants and travelers. along with all the consumers around the world.
By combining multiple mobile payment systems, Soom Pay aims to create a viable alternative to credit card transactions with more advantages.
⦁ Foolproof Security: cancel the fake credit card, protect personal information ⦁ Fast Transaction: fast transaction authentication time, international transactions occur almost immediately ⦁ Low Transaction Fee: no fee for bank or third party, international transaction fee is very low ⦁ Suitable for Everyone: Benefit both the seller and the buyer, suitable for those who do not have a bank account
In the latest polls, the main reason behind the fact that sellers and shopkeepers accept electronic money as a low-paying method in addition to lack of confidence are the main reasons that complex interfaces are difficult to use. Much more than conventional POS terminals.
To incorporate a simpler interface to make the experience easier for the user, Soom has developed its own terminal on the Blockchain 4.0 platform. The device is named X-POS. X-POS has many advantages for both cash and credit cards, integrated using QR code, integrated with Soom wallet, sellers can process and record transactions in cash, credit card or electronic money, digging coin Soom ...
By combining the advanced features of Blockchain 4.0 and Soom wallet with the widespread adoption of Soom Pay and X-POS, Soom Pay makes it possible for anyone to pay with any mobile payment application. or any electronic money anytime, anywhere.
BIGGEST AIRDROP !
The SOOM Foundation plans to use 400 million coins for the Airdrop program to build the community and trust of donors, the largest airdrop program ever built on Crypto history. Coin will be distributed under the supervision of the SOOM Foundation.
Each member of Soom's Airdrop program will receive at least 10 Soom Coins worth up to $ 10. To join Soom's Airdrop program simply follow these steps:
⦁ Step 1: Download the Soom application on your mobile phone:
⦁ Android: https://play.google.com/store/apps/details?id=core.soomcoin.wallet&hl=en&referrer=27af6436
⦁ IOS: https://itunes.apple.com/US/app/new-숨코인-soomcoin-wallet/id1420371656?mt=8
⦁ Step 2: Take steps to create wallet
⦁ Select "Create new wallet" if you are using one or select "Wallet restore" -You have created a wallet before. Copy your recovery code line and save it for use when you want to recover your wallet.
⦁ Select the country of residence.
⦁ Phone number verification
⦁ Step 3: Enter the referral code, this is captured so you get 10 coin
⦁ Referral Code: 27af6436 ⦁ Select "Next" to finish
⦁ Step 4: Check the prize money
⦁ Step 5: In the Balance section, select the share icon on the right of the screen to get your referral code and referrals to friends.
With each friend you download Soom, you will receive 2 Soom coin, your friend receives 10 Soom coin.
When your friend introduces new people, you receive one more coin.
Please introduce yourself to your friends help them get 10 Soom coin.
Soom coin was listed on IDCM at 13h00 on 27/08/2018.
Roadmap of the Soom project
⦁ 11/2017: Foundation of the SOOM Foundation in Switzerland ⦁ 12/2017: Blockchain 4.0 International Conference on Jeju Island Launched the first version of SOOM Wallet ⦁ Launch pre-sale round
⦁ 2/2018: Blockchain Ecosystem Workshop 4.0 in Macao, China ⦁ Blockchain Ecosystem Workshop 4.0 in Hanoi, Vietnam ⦁ Blockchain Ecosystem Workshop 4.0 in Phnom Penh, Cambodia
⦁ 4/2018: Blockchain 4.0 Ecosystem Workshop in Beijing, China ⦁ Blockchain Ecosystem Workshop 4.0 in Tokyo, Japan
⦁ 6/2018: Blockchain International Technology Forum in Beijing, China ⦁ Summary of pre-sale
⦁ 7/2018: First Wallet Upgrade ⦁ 8/2018: SOOM Coin on the electronic money trading platform: IDCM, Coinexchange ... ⦁ Blockchain service contract with KDDI Recuit Blockchain research cooperation contract with world leading universities: LA California State University, University of Tokyo, Waseda University, Konkuk University, Chosun University)
⦁ 9/2018: Introduction to Contents CR (Creative Rocket) ⦁ Blockchain Development Agreement with the Korean Dental Association
⦁ 10/2018: Supply contract with Yamoto, MX Mobiling
⦁ Quarter 4/2018: Test-net test run ⦁ Blockchain Ecosystem Workshop 4.0 - Jeju Island ⦁ Launched SOOM Miner ⦁ Open Blockchain Test-net for Changchun Logistics System in China
Q12019: Main net launch ⦁ Upgrade to the second Wallet
Q 2/2019: Launch of X-POS in Asia
⦁ Quarter 3/2019: Big Data / Collection and Analysis of Customer Information ⦁ API / Release Guide Launched the SOOM Crypto Exchange
⦁ Quarter 4/2019: X-POS worldwide release ⦁ Launched SOOM Mobile Phone
DEVELOPMENT TEAM AND CONSULTANT OF THE PROJECT
The SOOM development team consists of 9 people
⦁ Park Ki-Eob (founder and CEO): A businessman with more than 20 years of pioneering mobile communications. He was the CEO and CEO of Penta Tech and Founder of GeoFencing Tech. ⦁ Son Young Uk (CTO): Former Director of Kantech Telephone Entry System - KTES and KMW (Korea). ⦁ Hashimoto Yuki (CIO): He worked at Nishiba and was the CEO of Mobile service Jakonnet. ⦁ Ryu Sam Yul (CMO Marketing Director): is president of Pusan ​​MBC and KCTA. ⦁ Park Jon Seb (Chief Financial Officer - CFO): CEO of Mobione technology and G.A. Holdings Korea. ⦁ Antoine Guinot (Project manager): Master's degree in computer science and energy systems engineering. Has managed many projects in France, Korea and the United States. ⦁ Brian Um (Legal consultant): Over 14 years of experience in international business law matters. ⦁ Mital Malani (Developer): CTO of Global Lotteria Nigeria; IT Director at Shenzhen Vetron Technology and Matrix Asia Pacific. ⦁ Park Heung Soon (Developer): CEO Erise and director at Igo
The advisory group has 7 members
⦁ Henry Kim: CEO at Coca Cola Nestle Refreshments. ⦁ Ma Zhen Xuan: Chairman of the Qiao Yuan Public Diplomacy & Culture Exchange. ⦁ Piao Cheng Xiong: CEO of Wei Song Chuang Zhi. ⦁ Park Yong-duk: President of the Korea Convergence Society. ⦁ Tina Hoang: AGC Capital Investment Fund. ⦁ Morita Yoichi: Director of CSK Network Systems and a representative of SBC. ⦁ Liu Yi Liang
The project is implemented by Soom Foundation
Soom Foundation is a Swiss-based nonprofit that is monitored and supported by the Swiss Federal Agency. The investment is aimed at building and developing the Blockchain ecosystem for real-world applications, becoming the first Blockchain 4.0 platform in the world.
Founded and operated by Park Ki-Eob, a businessman with more than 20 years of pioneering mobile communications.
Soom Foundation has two other subsidiaries, Soom Blockchain based in Singapore and Soom Pay based in Korea.
CONCLUDE
According to the Roadmap, this project will be listed on the IDCM in August, ad also checked, IDCM floor has officially announced the opening of SOOM / BTC trading session from 27/8. Information about the development team and the project advisor is also impressive.
This is also an in-depth development project when they announce on their roadmap about running Testnet and Mainnet network tests. If anyone does not know, the electronic money and blockchain projects that really want to become the real platform will need to release their own Mainnet otherwise the coin is only running on the blockchain platform of the co-platform. Like Btc or Eth only.
Whitepaper writes in great detail both in engineering and business models and in the development of the Blockchain 4.0 ecosystem, demonstrating that the development team and consultant are thoroughly researched on the current blockchain technology and its shortcomings.
At present, the project has been implemented to build the Blockchain 4.0 ecosystem with its business models.
⦁ Prepare to sign a development contract, Blockchain study for KDDI Recuit companies, Korea Dental Association, LA California State University, University of Tokyo, Waseda University, Konkuk University, Chosun University BaaS case. ⦁ Soom Pay has cooperated with major payment applications in China such as Alipay, Wechatpay, QQ, Unionpay Quickpass ... ⦁ Prepare to sign a contract with Yamoto and MX Mobiling
It should also be noted that this project is run by the Swiss-based Non-Profit Investment Fund SOOM Foundation and is monitored and supported by the Swiss Federal Agency. Ad appreciates this because at present the project claims no ICO or public sale, they only made the first round of pre-sale from the first quarter of this year and sold 30 million SOOM coin.
In addition, the project will bring Airdrop up to 400 million coins for the community, which will greatly assist the project in marketing.
submitted by icoinformation to Soomcoin [link] [comments]

Bitspark Detailed Roadmap 2018

source: https://steemit.com/bitshares/@bitspark/bitspark-detail-roadmap-2018
Welcome to Bitspark's official roadmap update. Following the Zephyr tokensale, we posted an initial roadmap here outlining some of our goals and timelines. Now we are following up with a more detailed roadmap and the reasoning behind the decisions we have made. In this roadmap the specificity we can go into will be Quarters, with estimated based on 2018.

Expected Outcome of the Zephyr Project:

A cash in, cash out remittance network enabling anyone anywhere in the world to send and receive money instantly via physical money transfer shops, for virtually free powered by the Bitshares network and supported by pegged Bitshares Smartcoins (MPAs) all incentivised by the Zephyr rewards system.
Step 1: End of Q2 2018
Firstly, adding ZEPH to Spark (Spark is the product name for the Bitspark remittance platform) is not as simple as running a Bitshares node, adding a new currency in our system and letting people buy and sell orders on Spark. Bitspark is a remittance company, we have transactions and commitments for money transfer businesses already and we need to ensure anything we do is competitive to our existing Bitcoin based system and will not disrupt company operations for a smooth transition. If we switched everything to Bitshares tomorrow our payout partners who currently settle in bitcoin cannot easily settle the local fiat in Bitshares, therefore we would not be able to transact and the business would grind to a halt meaning no money transfers could take place until our partners at the other end make the switch. So it is imperative that there is a time period in which we make the transition, initially we said at the time of our tokensale the switch will take 12 months and that is still correct but in the meantime we are building a hybrid approach to ensure we can route transactions in both the old and new system at the same time.
The Hybrid approach
When a transactions comes in today in GBP in Spark, we convert to BTC and sell that BTC for fiat in the destination currency like IDR, HKD, VND etc. This happens instantly and because its bitcoin there is an active GBP/BTC as well as BTC/VND markets and deep liquidity through brokers. If this were executed on BitGBP today there is not enough liquidity there yet to support it so it wouldn’t be viable, eventually there will be and Spark will be the one bringing the liquidity. However right now we are building a system that we can easily switch order routing between either the old way (via BTC) or the new way (via Bitshares) depending on the size of the transaction and the means in which the partner in the destination wants to receive settlement. The idea here is to over time move the goalposts on what will require a switch or not, as we build up more liquidity in Bitshares (this happens everytime a remit happens essentially, so more remittances = more Bitshares liquidity) we can ensure more and more transactions get routed via Bitshares, eventually hitting a point where the old system is turned off. The threshold for switching will be based upon transaction size, and competitiveness in terms of total cost. If bitshares is the best way to move $200 between currencies (e.g. bitUSD/bitJPY) then we will use that, otherwise we will default to the old system. We think this can happen in a matter of weeks or months fairly easily.
For our partners who currently take BTC for settlement, the hybrid approach even with the old method will still utilise Bitshares, however we will be trading smartcoins for Bitcoin UIAs. If we used any of the existing BTC UIA gateways (Openledger, Cryptobridge, Rudex) the withdrawal times for BTC are unpredictable, for example with some Bitshares gateways it can take anywhere from 30 seconds to 2 days to receive a payout from withdrawing your UIA via a Gateway. That's not good enough for us to be able to utilise for remittances where everything is expected to be instant. We therefore are creating our own gateway for BTC (and other coins) so we know what we can depend upon and the infrastructure is owned by us and we are therefore not at the whim of a third party. This is why the creation of the Spark DEX Gateway is important as the hybrid approach we will still need to convert say BitUSD into BTC somehow in order to deliver BTC to our partners in Indonesia, Vietnam, Philippines, Nigeria etc. We will do this on the Bitspark gateway.
Spark is bringing new money that is not currently in Bitshares, into bitshares, therefore over time this new liquidity will provide a solid base for us to transact solely via Bitshares pegged cryptocurrencies. We will be the buyer in the markets for various pegged smartcoins so if traders want to create the smartcoins Bitspark will always be there willing to buy at slightly over the market price.
Step 2: Rollout in Production End of Q3 2018
We aim to at the end of Q3 2018 have a newly designed and fully functioning remittance platform integrated with Bitshares and ZEPH. This means the newly designed web remittance platform is live in usage in production and it enables anyone from anywhere in the world to sign up and become an agent in the Spark remittance network. We will have integrated the main committee issued smartcoins at this stage but Bitspark issued smartcoins will likely need to wait until Q4. We intend to have ZEPH integration ready in Sendy at this stage and the ability to convert to/from other currencies within Sendy although the web platform is the higher priority than Sendy at this stage. This is perhaps the hardest milestone but the core functionality of the Zephyr project will be available at the end of Q3 with future developments to be on enhancing and iterating on feedback from this release.
Step 3: Incentivisation kicks in End of Q4 2018
Zeph rewards are part of all incentives as any fee paid on any transaction in Spark (sending money, topping up a balance) therefore as we ramp up traction on Bitshares and remittance transaction more buybacks happen on ZEPH.
It is however also important to note there are additional incentives we can expose to customers to incentivise uptake of the Spark remittance platform and thereby increase ZEPH transactions. In order for the world to go cashless with crypto there needs to be locations to exchange the cash at, into and out of crypto- these locations are Spark remittance agents (businesses) or mobile topup agents. We are calling this the Decentralised cash to crypto network for now.
Being a Portal
One of the problems money transfer agents have is all over the world they are being ‘de-risked’ by banks. This means banks are closing their bank accounts often for no reason other than the bank is no longer wanting to provide an account to that type of business, this often means the money transfer business who relies on a bank at some stage to send money goes out of business as they can no longer transact. This leads to further consolidation in the market with the big companies who have special deals with banks gaining market share at the expense of the smaller operators. The only way to fix this globally in a reliable manner is to remove the need for a bank in the first place and operate with what money transfer businesses already know and understand, cash.
There are two main issues money transfer agents have when dealing with cash:
Usually a money transfer agent would deposit cash at a bank or receive payment of money from their platform provider to their bank account. But if the MTO needs to operate without a bank they need a solution to the cash problem, enter Spark.
We aim to complete functionality to enable Bitspark remittance shops to be cash in/out locations for crypto by the end of Q4. When shops can exchange the cash they have on hand for crypto this enables them to deposit crypto (value) to Bitspark remotely without the need for a bank. They can now use this cryptocurrency in their Spark account to transact and this cryptocurrency could be BitUSD, BitCNY, Bitshares, Bitcoin or any other crypto. Likewise if a shop has a large digital balance in Spark and needs cash, they can exchange it directly with someone for cash, reducing their digital balance and receiving cash again without a bank.
But why would someone visit a Spark shop to exchange cash/crypto? Because they will make money. Whenever an exchange takes place the shop will be free to set a price they are willing to exchange it at which will always be better than the market rate (essentially its a fee they will pay to alleviate them from the burdens of having a bank). If a Spark shop has 100 bitUSD they need converted to cash, they can offer to exchange it for $99 in cash. The purchaser with cash then will get 100 bitUSD and only paid $99 in cash locking in a 1% profit. The same is true for the reverse, with the shop exchanging $100 in cash for 101 bitUSD. This ensures a market is established to ‘liquidate’ the balances of Spark shops of which ZEPH rewards are also tied to.
To read more about balance liquidation mechanics read Bitspark’s $ZEPH whitepaper. [https://bitspark.io/investors]
Market Making Bots
Spark also intends to develop and maintain an open source trading bot for the Bitshares DEX. The reasoning behind this is simple, more liquidity is better for Spark making transactions. Currently there is an exciting project on Bitshares called DEXbot which is open source and funded by a worker proposal. We look forward to working with the DEXbot team in whatever capacity is best, this might be either contributing to the DExbot project directly or forking it, keeping it open source and developing it separately. The decision for this will be made closer to development beginning on this milestone.
The Tajikistan Project
Bitspark is working with the United Nations Development Program (UNDP) to bring the Spark Platform and Sendy App to Tajikistan to service the vital money transfer industry in the country.
As an update, Tajikistan UNDP is undergoing training facilitated by Bitspark about cryptocurrency, how it works and improving deeper understanding about Bitspark’s plans for the pilot. Since the teams last visit, Bitspark has been lucky enough to have key players engaging with Project Zephyr ranging from government and financial institutions who will endeavour to see this project into fruition. In the course of this, we are learning that larger organisations have their own pace. As time moves on, with our other milestones met, we are considering actively driving this solely ourselves there regardless.
This completes Bitspark’s detailed roadmap for now. We hope this works as a guide to keep everyone in the loop as to our current development efforts and of course this roadmap may change if it is necessary to do so. Bitspark is excited to continue as we have since the company’s token sale to complete the necessary steps to remove barriers to cryptocurrency mass adoption and fulfil the broader mission statement of making a decentralised network of crypto + cash enabled agents all over the world.
submitted by kryptosapien to Bitspark [link] [comments]

Stellar Lumens HODL alert: 2017 Round up, Partnerships, 2018 Road Map

THIS ARTICLE IS STILL UNDER CONSTRUCTION!!!!!
Stellar Lumens HODL alert: 2017 Round up, Partnerships, Lumens vs. Other Cryptos
Welcome everyone! The future of Stellar Lumens is bright! Today we will look at the accomplishments of Stellar.org in 2017.
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2017 Round Up
IBM / Stellar Partnership
• Kik Messenger’s KIN coin to move from Ethereum to Stellar in 2018
• Stellar ATM introduced in Singapore
• Jed McCaleb confirms IBM/Stellar has 30 banks on board (Youtube Video)
Lightyear.io enables forward thinking financial entities to easily join the Stellar ecosystem.
• IBM adds 8 new validators from 8 different countries onto the Stellar network (article)
Forbes calls Stellar “venmo, but on a global scale - and for larger bodies like banks and corporations.”
• Stellar Lumens Is Up 6,300% Since March and Is Aiming for Big Blockchain Partners (article)
• Many new partnerships (listed below) that will be using the Stellar network in 2018.
Binance and GoPax Exchanges Adds Stellar
Ledger Nano S support is now available for Lumens (XLM)
• The next coin to break into the top 10 cryptos (article)
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2017 Partnerships & Financial Institutions
IBM - is an American multinational technology company headquartered in Armonk, New York, United States, with operations in over 170 countries. IBM partnered with Stellar to help financial institutions address the processes of universal cross-border payments, designed to reduce the settlement time and lower the cost of completing global payments for businesses and consumers.
SatoshiPay - a web payment system that helps online publishers monetize digital assets like news articles, videos, or PDFs in tiny increments without friction.
EXCH.ONE - is a FinTech software company based in Switzerland currently working to integrate its platform and its first technology adopter Euro Exchange Securities UK Ltd. into the Stellar network. This addition to the Stellar network will bring access to currency markets of South and Central America,UK and a number of EU countries.
Novati (ASX:NOV) - is an Australian-based software technology and payment services provider. Novatti is currently working to integrate it’s platform into the Stellar network with the ultimate aim to build a global money transfer solution to provide cross border, cross currency and cross asset payments.
Pundi X - is an Indonesia based fintech company that provides POS device, debit card, multi-currency wallet that empowers individuals to buy and sell cryptocurrency at any physical store in the world. They say "buying cryptocurrency should be as easy as buying a bottled water."
MoneyMatch - is a Malaysia based fintech startup that provides a fully-digital peer-to-peer currency exchange platform for customers to transfer and exchange foreign currencies with complete ease and at great value. The company plans to integrate with the Stellar network and enable pay in and pay out from Malaysia.
Streami - is a Korea based fintech company that offers blockchain enabled cross-border remittance service and recently launched a cryptocurrency exchange. The partnership extends both on the exchange side and remittance operations.
Neoframe - is developing and marketing trading solutions for big brokerage firms in Korea and extends its business to blockchain based applications. Neoframe developed high performance centralized cryptocurrency exchange as well as secure wallet solutions and is working with big financial players. The company is planning to launch a remittance business for ASEAN countries (Thailand, Vietnam, Indonesia, Malaysia, Philippines, Singapore, Myanmar (Burma), Cambodia, Laos, Brunei) using Stellar.
SureRemit($RMT) - is a Nigeria based global non-cash remittances company. SureRemit leverages the Stellar blockchain platform to connect immigrants abroad directly with merchants that provide the services needed by their loved ones back home. With Remit tokens, immigrants all over the world can access digital shopping vouchers that can be spent on goods and services at accepting merchants wherever they are.
Cowrie Integrated Systems - is a Nigerian based Value Added Service Provider. Cowrie provides services at the intersection between telecoms and finance. Cowrie recently joined the Stellar network to bring novel fintech services to the African market.
Smartlands - is a Stellar-based platform designed to create a new class of low-risk tokens, secured by real, profitable assets in the real-world economy. Smartlands is designed to promote investments in the agricultural sector by allowing investment in individual projects, agricultural companies or indexes of groups of projects. These investments will be fully collateralized by agricultural real estate, other productive assets such as fruit or nut trees or, in some cases, the actual crop.
Klick-Ex - is an award winning regional cross-border payments system delivering financial infrastructure for emerging markets. It has been responsible for dramatic uptake in digital financial services in unbanked regions of the world, and lowering costs for banks, central banks and consumers in low liquidity currencies. Its key presence is in the Pacific and Europe, and it is a founding member of www.APFII.org processing more than 775,000 transactions per second, per billion of population (source).
Mobius - Mobius connects any app, device, and data stream to the blockchain ecosystem. Our simple and easy to use bidirectional API allows non-blockchain developers to easily connect resources to smart contracts and more. The Mobius MVP acts like Stripe for Blockchain by introducing innovative standards for cross-blockchain login, payment, smart contract management, and oracles. The Mobius Team includes David Gobaud, Jed McCaleb (Stellar.org founder), Jackson Palmer (creator of Dogecoin), and Chandler Guo (notorious Bitcoin & blockchain investor).
Chaineum - Chaineum, the first French ICO Boutique, will use the Stellar network for upcoming ICOs. “Chaineum is positioned as the first “ICO Boutique” in France, providing a range of end-to-end services to companies and international start-ups wishing to develop with this new funding mechanism. Chaineum is preparing 8 ICOs by the end of 2017, for European, North American and Asian companies, of which cumulative amount could reach € 200 million." (source)
Poseidon Foundation - Poseidon will simplify the carbon credit market with the creation of an ecosystem built on Stellar.org’s blockchain technology. This technology will prevent double counting of carbon and will be consistent across jurisdictions, making it easier for companies to deliver and measure progress towards their climate targets or other goals such as deforestation-free commitments.
Remitr - Remitr is a global platform for cross border payments, licensed in Canada. Remitr uses the Stellar network for international settlements for businesses as well as other payment partners. Remitr’s own payout network of 63 countries, comprising several currencies, is extended onto the Stellar network.
MSewa Software Solution (MSS) - MSewa Software Solution (MSS) Payments provides a one-stop digital payment service available across the Globe. MSS Payments aims at serving the consumers (Banked, Unbanked and Underbanked) with mobile banking facilities on the move from anywhere by transferring funds in their mobile phone.
PesaChoice - PesaChoice is a leader in international bill payment services for the African diaspora. PesaChoice aims at making international bill payment process easy, seamless, secure, with reasonable and competitive service fees, and up to date technological advances.
SendX - Singapore based SendX, in partnership with Stellar, is the better way to move money worldwide. The SendX team believes that the future of transactions is decentralized and distributed, bringing true equity to everyone across the value chain.
VoguePay - VoguePay, with offices in the United Kingdom and Nigeria, is partnering with Stellar to become the cheapest and most efficient way to send money between the United Kingdom and Nigeria. In the coming months, they expect to expand this service to other selected African countries.
HashCash - Hashcash consultants build financial solutions for banks and financial institutions over blockchain. We leverage the Stellar platform to build products that vastly improve the remittance and payments experience for banks and their customers. Transfers happen lightning fast at a fraction of current rates and operational cost is significantly reduced. HashCash is headquartered in India, with operations across South Asia and the Gulf.
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Stellar Lumens vs Other Cryptocurrencies
Lumens vs. Bitcoin: Jed McCaleb spoke at Distributed Markets in 2017 about the advantages, but more importantly, the disadvantages of Bitcoin. Listen to the talk here. Jed said, “Bitcoin is this awesome innovation. The first thing it does is converts a real world resource, electricity, into a digital asset. So it takes something from the real world and puts it into the digital realm. The second thing it does is provides immutable public record. It’s basically a database that everyone can see but no one change arbitrarily… That’s great, Bitcoin solves the double spin problem [ of proving possession and transmitting volume]… [However, to fix the problems of bitcoin] you might think well maybe we’ll just kind of keep adding [software] to Bitcoin until we get there, but that’s not really the way software works. You want to have the design from the beginning and solve these simple issues. Bitcoin was designed to be a new currency, it wasn’t really designed to be this unifying universal payment network. So that’s what Stellar does. It solves these three remaining issues.”
Lumens vs. Bitcoin #2: According to wired.com, "Bitcoin mining guzzles energy - and it's carbon footprint just keeps growing." Wired says "Today, each bitcoin transaction requires the same amount of energy used to power nine homes in the US for one day... The total energy use of this web of hardware is huge—an estimated 31 terawatt-hours per year. More than 150 individual countries in the world consume less energy annually. And that power-hungry network is currently increasing its energy use every day by about 450 gigawatt-hours, roughly the same amount of electricity the entire country of Haiti uses in a year." Because Stellar is based on a consensus algorithm rather than mining, it takes much less energy to run the Stellar network. The Poseidon Foundation decided to build their platform on Stellar rather than Ethereum or Bitcoin because of this (twitter source).
Lumens ICO tokens vs. Ethereum ICO tokens: According to Stellar.org, "traditionally, ICO tokens have been issued on the Ethereum network in the form of ERC20 tokens. ERC20 tokens are easy to issue and are infinitely customizable using Ethereum’s smart contracting language. However, recent events have highlighted and exacerbated some weaknesses of the network, including slow transaction processing times for the network during ICOs and increasingly expensive gas prices (by fiat standards) for transactions and smart contract execution. Moreover, many organizations require only basic tokens; they adopt the risk of Ethereum’s Turing complete programming language without taking advantage of many of its benefits."
"While Ethereum has the most expressive programming capabilities, we believe Stellar is the best choice for ICOs that do not require complex smart contracts. Stellar’s primary goal is to facilitate issuing and trading tokens, especially those tied to legal commitments by known organizations, such as claims on real-world assets or fiat currency."
Stellar vs. Ethereum #2: The median transaction time on Stellar is 5 seconds, compared to approximately 3.5 minutes on Ethereum (source). Stellar has a negligible transaction fee (.00001 XLM ~= $0.0000002) with no gas fee for computation, while depending on the complexity of the computation, the median cost for a transfer on the Ethereum network is $0.094. Security: While both Stellar and Ethereum run on a decentralized network, the Stellar network has fewer security pitfalls. Stellar uses atomic transactions comprised of simple, declarative operations while Ethereum uses turing complete programming capabilities which produces less auditable code and greater risk of exploitable vulnerabilities (source). Recently, a security flaw in the Ethereum network froze millions of dollars. According to Mobius ariticle written by David Gobaud, "On November 6, 2017, Github user deveps199 'accidentally' triggered a bug in Parity, a popular Ethereum mult-sig wallet, that froze more than $152 million in Ether across 151 addresses. The bug impacted several token sales including Polkadot, which has had ~$98 million out of its recent $145 million sale frozen."
"Mobius had none of its ongoing pre-sale Ether frozen because we do not trust Ethereum’s Smart Contract based multi-sig wallets given the vast Turing complete attack surface and did not use one. Security broadly is one of the main reasons the MOBI token that powers the DApp Store is a Stellar Protocol token and not an Ethereum token."
Lumens vs. Ripple: According to Wall Street Bitcoin Exchange, "Many investors like to compare the company [Stellar] to Ripple, and there are a lot of similarities, being that some of the founders worked on the Ripple team. In what can now be looked at as another blockchain development drama that plays out on chat boards and in interviews all across the globe. Stellar declared they fixed Ripple’s problems with their hard fork, however, Ripple has failed to admit to any of the flaws in its design that the Stellar team has pointed out." The article concludes by saying, "We Choose XLM Over XRP For 2018. That is why we are going with Stellar Lumens over Ripple in our portfolio for the rest of 2017 and 2018. After holding Ripple for a long time this year, it just never seems to make the big break like other names with bigger market caps like Bitcoin Cash, Dash, and Litecoin have. While we are holding on most all our larger market caps, we feel that Stellar Lumens will be one of the break out coins for 2018."
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Conclusion
The stellar.org team is doing an amazing job making partnerships and pioneering the use of blockchain technology for various types of transactions. What we are seeing is a new technology that can actually be used to solve real-world problems. As a community, we need to continue supporting Stellar and we will quickly see it power transactions across the world. What are your thoughts about Stellar? What do you see in the future of Stellar? Any important news you want to share? Comment below.
submitted by chargingerman to u/chargingerman [link] [comments]

The Guardian view on cryptocurrencies: blockchain of fools

This is the best tl;dr I could make, original reduced by 51%. (I'm a bot)
The corresponding moment for the cryptocurrency bubble will only be discernible in retrospect, but we have some pretty strong candidates already.
The production - or "Mining" - of bitcoins now uses more electricity than Ireland or Nigeria.
The notional price of the main cryptocurrencies continues to shoot upwards in a way that makes nonsense of the idea that they have any value as a medium of exchange.
Bitcoin itself is trading at more than $8,000, more than 10 times its price a year ago, and more than double what it was three months ago.
There are many cryptocurrency schemes which are sold on the same grounds as the greatest South Sea Bubble prospectus: "For carrying on an undertaking of great advantage, but nobody to know what it is." But there is one novel element in today's lunacy, and this is the apocalyptic hope common in Silicon Valley that it is possible to replace all messy human institutions with clean and infallible computer code.
The blockchain technology underlying the various cryptocurrencies is meant to make human decisions redundant and to replace faith in governments with indisputable rationality.
Summary Source | FAQ | Feedback | Top keywords: cryptocurrency#1 bubble#2 more#3 exchange#4 moment#5
Post found in /technology.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

Bitcoin Trading Intelligence [09.01.15]

Hope all is well guys. Our third Intelligence report is out. Again, thank you all very much for the feedback on our last Bitcoin Trading Intelligence newsletter. We hope we were able to address some of the issues from last time. Feedback and any other comments are welcome.
If you like this and want more, you can now reserve your spot in our Bitcoin Trading Intelligence platform. We haven't figured out pricing for the course yet. I would appreciate if you guys took a look at the Bitcoin Trading Intelligence platform and let me know what you think is a fair price for this. BTCVIX is our trader and with his real time alerts subscribers have a chance of making some serious money
Bitcoin in August
August has witnessed the rapid devaluation of Bitcoin, accelerated by fundamental data and augmented by technical glitches. The possible forking on the minds of the Bitcoin community, the repeated blows following the Mt Gox disaster and the effects of the BitLicense have cast a bearish shadow over the market which resulted in a month that managed to breach significant lows.
“After the stunning price action of the last couple weeks we have seen BTCUSD grind up the traders seeing patterns that aren’t there, complete chopfest. Rather than whittling away hard earned profits remember NO position IS a position — just need to know when them time is. Just like me, many other traders in the Whaleclub believe that sometimes not trading is a right decision and people should appreciate that.” BTCVIX, Professional Bitcoin Trader
Post the flash crash last week, the market has tested 200 and has been on a correction curve ever since. With many countries calling for increased regulation, let’s see how market emotions fared last week.
Nigeria’s central bank has called for Bitcoin regulation in order to stop money laundering and avoid international penalties. Dr. Okwu Nnanna the governor of the financial system at Nigeria’s Central Bank has cited that cryptocurrencies have no borders and hence are an easy channel for money laundering and thus there is a need to monitor them. AB 1236, a proposed California law to regulate virtual currencies has faced lot of opposition from industry lawyers.
It has now been amended saying companies that take ‘full custody’ of the currency are to be licensed and the bill is being backed by other major companies who are mostly made up of software developers. Another important country to look out for whose ecommerce demographic can play a pivotal role in the development of bitcoin system would be India.
With major companies like Microsoft and IBM backing bitcoin based startups, the Governor of RBI has made it clear that cryptocurrencies are being observed for now and would be regulated in the future.
The collapse of Mt Gox has racked up many controversies and the latest one, the arrest of Mark Karpeles, is over the issue of a fresh warrant for allegations that he has pocketed over $2.6 million from the company funds of Mt Gox. While Japan’s cryptocurrency scenario is restructuring for the best after the impact of Mt Gox, the Japanese Government has decided to regulate cryptocurrencies so as to avoid the risk of money laundering and terrorist funding.
How these coordinated regulations among different countries would affect/aid the growth and development of bitcoin is to be seen. While the ‘one-off’ depreciation of the Chinese Yuan has beaten the stock markets down in the USA and China, BTC China’s Greg Wolfson has remarked that the corresponding dip in prices in bitcoin is not devastating and in the times of uncertainty just like Gold, people are turning towards bitcoin as their safe haven.
The immediate correction after the dip is being seen as people hedge their positions in bitcoin.
Meanwhile on the Korean front, things are looking bright with a new exchange traded fund (ETF) tracking the value of bitcoin planned for launch on Korea Exchange next year.
This news coupled with Korean Bitcoin Exchange ‘Korbit’ announcing the launch of Bitwire, which allows people to send money using Bitcoin to any Korean bank account in less than two hours, the bitcoin ecosystem in Korea is trending towards a positive position.
On the European continent, the sentiment is consolidating with the launch of Mycelium Gear with Cashila’s API being integrated, this enables merchants to accept bitcoins that are automatically converted to Euros.
The financial crisis in Greece is here to stay for some time and bitcoin services providers like Cubit are trying to do what they can to help. Cubit in coordination with BTC-Greece is helping Greek citizens move their money out of the country to business partners and suppliers.
The aim is to try and work around the various capital controls that have been enforced in Greece in the hope that some private businesses can get back up and running once more. They have plans to install 1000 ATMS in order to make the this work. Even in the Black Sea Basin there are more than 13,600 locations where you can access bitcoin related stores, ATM and service providers.
On a corporate front, things have been picking up pace with Intel expressing its intention to unify the Internet of Things with bitcoin transactions. World Wide Web creator Tim-Berners-Lee leads the W3C to establish online payment standards, including Bitcoin, another sign of positive acceptance.
UBS’s Alex Batlin’s statements about Blockchain, saying that the technology will be an opportunity or threat to companies like UBS basing on how quick they act on it, has once again clarified that the technology is here to stay and is slowly gaining traction.
Patrick Byrne, the founder of Overstock.com, has acquired a broker-dealer firm built deep into the DNA of Wall Street. When the technology at the center of the acquisition is switched on, Byrne said, it will mark the first time the decentralized ledger behind bitcoin is plugged directly into Wall Street. This way it will be possible to bridge the gap between bitcoin technology and the blockchain.
With Coinbase reaching a valuation of $1 billion, it is listed as one of the top 50 tech startups in the USA. Fortifying their market share, they have launched services to purchase bitcoins through debit cards and credit cards and most recently launched in Canada.
While the service providing companies are doing well, the exchanges have taken a back step last week. The Bitfinex trade engine was blamed for the flash crash and many people experienced problems with exiting their positions during the crash, Australian Exchange, iGot, halted their trading activity and this has led to angst among its traders and customers.
So in conclusion, it is fair to say this past week of has seen lots turmoil in bitcoin trading with loads of negative factors contributing to the market sentiment bearish.
Long Term Technical Analysis
On a weekly scale, the market has tested its long term support level at 200 and retraced quickly to 227. The bearish arc of this swing was a strong move ranging over a month, driven by fundamental factors. The Bollinger bands in the weekly chart still remain parallel showing that the market is in bounds and judging by the regression lines, is setting up for a bull trend after consolidation.
On a long term scale, RSI is approaching oversold region while MACD just took a bearish turn crossing the signal line. Since the market is yet to consolidate, taking a long term position right as of now wouldn’t be feasible. Short term trades around 224 region with stop loss around the lows of previous week’s candle, targeting 5 SMA would be feasible. Long term trades can be planned on basis of consolidation. As soon as both Bollinger and 5 SMA become trending in the upward direction after significant consolidation, entering into trades with a long term plan would be profitable. Proper entry points for such trades would be around 220 region with stops below 217. With Market trending, possible exit points could be 266, 300 and 317.
If the market breaks out on the downside, breaking the support zone at 200, possible targets can be 157 and further drop in prices would seem likely.
Midterm Technical Analysis
In the daily chart, the support encountered around 217 region was breached and market has now found long term support at 200. With the Bollinger bands and SMA’s pointing downwards, the setup is going to remain bearish for some time until a base of consolidation is formed. The descending triangle as shown in the daily chart between the downward trend line and support line at 200 might possibly see good number of volumes being traded in the coming days. In which direction the break out would be or the setup would change will depend on how the market approaches the vertex of the triangle.
If the Bollinger bands and short term SMA’s don’t straighten out or change direction, the break out might as well be in the downward direction, continuing the set trend. The MACD is about to cross the signal line and turn bullish, RSI has crossed 30 from the downside indicating impending bullishness in the market but when the bull run takes off is to be seen.
In the medium term, it appears that it is going to be bearish/sideways for some time. Shorting opportunities at the trend line and retracement trades with 5 SMA as support hold good potential.
Short term Technical Analysis
On a short term scale, the market has retraced over 220 levels and is expected to trade in this range for some time before either consolidating and going for a reversal or crashing down further more.
We can observe that 100 SMA is offering good support and market has not been able to go beyond 34 SMA. Picking longs over 100 SMA with 34 SMA as target would be a good short term trade. With the Bollinger bands and SMA’s still pointing downwards and higher time frame charts supporting, shorting around 34 SMA would be a good option.
The possible targets for such trades would be 100 SMA and if the market gets further trendy, a crash down back to 200 levels can also be expected, although these trades have to be done with tight stop loss. The MACD and RSI don’t give much indication as the market is sideways in the short term and retracing.
Sentiment Analysis
This week saw a lot of action with countries announcing regulation moves and unveiling of technologies which ease bitcoin and blockchain adoption. While the sentiment was bearish majorly, let’s take a look at what happened in the market:
The Bank of England has announced that Bitcoin is ‘harder money’ than Gold because of Deflation. During a presentation on digital currencies, Andy Haldane, Chief Economist and the Executive Director of Monetary Analysis and Statistics of the Bank of England stated the above statement explaining that sustained adoption would see ongoing deflation.
An article from ibtimes has given a thorough analysis of how adopting blockchain technology to the existing banking system would be difficult and how Deutsche bank’s economist sees blockchain as a threat because of the lack of the IT infrastructure to support the technology involved. On educational front, Stanford has joined NYU and Duke University in offering bitcoin course, Princeton has launched its own bitcoin course on Coursera, strengthening the sentiment that cryptocurrencies are here to stay and further studies and research in these fields embedded into the course work is a strong possibility.
On the technological front, with e-coin launching Bitcoin Debit card affiliate program, which aims at bridging the gap between traditional financial services and bitcoin, it’s now possible to load bitcoins into debit cards and make payments for the transactions. With Coinbase also enabling purchase of bitcoin through debit-card/credit-card, we are now in a transformative phase where the traditional financial services are being used to develop and adopt systems that would be framework for the future bitcoin usage.
How the technology will evolve to accommodate or change the traditional banking system is to be seen.
Developments in Blockchain
On August 20th, Nasdaq revealed its plans with the underlying technology of Bitcoin and Blockchain. In an interview with efinancialnews Fredrik Voss, Vice President and head of Blockchain strategy at Nasdaq answered questions about how the program is progressing and what other applications Nasdaq is thinking of.
Nasdaq is planning to launch the private market initiative later this year and is clearly looking at commercial uses for the Blockchain now. The application of distributed ledgers in financial markets for things like settlement and custody, to create efficiency in back-office processes is the primary aim.
Another application of Blockchain this week would be the launch of John McAfee SwiftMail which is a new free peer-to-peer, proof-of-work, encrypted mail system that uses the technology underlying Bitcoin to replace email. The system is said to have very high encryption as privacy is one of the key aspects of SwiftMail.
Technocorner
On the techspace, what has been hogging all the limelight is the new chip for Antminer S7 by Bitmain that is believed to be more powerful than its predecessor. Bitmain, the bitcoin mining ASIC provider, announced on August 20th it is launching its fourth-generation ASIC, the BM1385. This chip is claimed to generate a 45 percent increase in hashrate while needing 50 percent less electricity than its former chip, the BM1384.
Another interesting development would be Netcoins which can supposedly turn any device (iPad, Android devices) into a bitcoin ATM. It is ideally designed for retailers to enable transactions in bitcoin and attract tech savvy customers.
News that’s also been doing rounds is about the Mike Tyson ATM. While initially the prospect was heralded to be a scam, the ATM was launched in Las Vegas with Bitcoin Direct backing the launch.
While security threats in Windows 10 has put the wallet developers in a tight situation, the iOS space is now crowded with launch of new wallets everyday making it hard for the users to choose from the many apps. Most people believe that the advanced bitcoin demographic belongs to iOS users and this is the primary reason for the competition while some say that the lack of a secure wallet in Android and security issues with Windows has led to this development.
For the same report with the Technical Graphs please see the original post: Bitcoin Trading Intelligence: September 1st, 2015
submitted by blockstreet_ceo to BitcoinMarkets [link] [comments]

Subreddit Stats: CryptoCurrency top posts from 2016-03-26 to 2017-03-25 06:16 PDT

Period: 363.66 days
Submissions Comments
Total 1000 5933
Rate (per day) 2.75 16.28
Unique Redditors 374 1711
Combined Score 21623 13093

Top Submitters' Top Submissions

  1. 1930 points, 78 submissions: Coinosphere
    1. Bitcoin expected to become part of everyday life in the Caribbean within eighteen months as banks abandon the region (70 points, 11 comments)
    2. Marijuana now legal in eight more US States while vendors get more bitcoin options (66 points, 0 comments)
    3. Bitfinex hacked, halts trading, deposits, and withdrawals - 119,756 BTC lost so far with no insurance (60 points, 5 comments)
    4. Hacker holds San Francisco railway to ransom, demands 100 bitcoins (59 points, 8 comments)
    5. South Korea plans national digital currency using a Blockchain (52 points, 6 comments)
    6. Santander says ‘Yes to bitcoin’ in Brazil (50 points, 3 comments)
    7. Ukraine to be the first government to integrate blockchain technology, targets corruption (48 points, 1 comment)
    8. 50% of all consumers would use bank alternatives, including bitcoin, as Bank irrelevance grows (46 points, 0 comments)
    9. Core Bitcoin developer uncovers possible plot by ChainAnchor to force AML onto Bitcoin (46 points, 9 comments)
    10. Seafile replaces Paypal with bitcoin after Paypal privacy shenanigans (46 points, 0 comments)
  2. 930 points, 39 submissions: helmsk
    1. Countdown: Bitcoin Will Be a Legal Method of Payment in Japan in Two Months (88 points, 2 comments)
    2. Bitcoin Transactions Declared VAT-Exempt in Norway (85 points, 3 comments)
    3. Zeronet Wants to Replace the Dark Web by Marrying Bitcoin to Bittorrent Over Tor (46 points, 3 comments)
    4. Central Bank of Nigeria Says ‘We Can’t Stop Bitcoin’ (44 points, 6 comments)
    5. New Image Hosting Service Pays Thousands of Uploaders in Bitcoin (43 points, 4 comments)
    6. Coinbase Exits as Hawaii Requires Bitcoin Companies to Hold Fiat Reserves (39 points, 7 comments)
    7. Europe Lays Out Roadmap to Restrict Payments in Cash and Cryptocurrencies (35 points, 1 comment)
    8. One of These 5 Hyperinflating Economies Could Adopt Bitcoin in 2017 (32 points, 6 comments)
    9. Polish Bitcoin Adoption Escalating with Strong Ecosystem (30 points, 1 comment)
    10. A Look At Bitcoin Bubbles, When Will the Next One Be? (25 points, 6 comments)
  3. 846 points, 36 submissions: e-ok
    1. Europe Will Have Power to Ban Blockchain Tech in January 2018 (51 points, 20 comments)
    2. Bitcoin Projects on Github Surpass 10,000 (47 points, 3 comments)
    3. Italy's Largest Taxi Fleet Accepts Bitcoin (46 points, 2 comments)
    4. Bitcoin Symbol Left Out of Unicode's Latest Version (42 points, 4 comments)
    5. Malta's Prime Minister Says Europe Should Become the Bitcoin Continent (40 points, 3 comments)
    6. SEC Rejects Rule Change for Bitcoin ETF (32 points, 0 comments)
    7. Bitcoin Price Poised for a Breakout, Technical Analysis Shows (31 points, 5 comments)
    8. ECB to EU: Tighter Regulations, Less Anonymity on Digital Currencies (29 points, 8 comments)
    9. OpenBazaar 2.0 Now Running on Tor Network (27 points, 0 comments)
    10. Trump's Trade War With China Could Boost Chinese Bitcoin Demand (27 points, 8 comments)
  4. 801 points, 39 submissions: Posternut
    1. ‘Decentralized Reddit’ Steemit Awards $1.3 Million to Users (48 points, 15 comments)
    2. IBM Invests $200M Into Blockchain and IoT Research at German Headquarters (45 points, 2 comments)
    3. Bitcoin Price Rally Rages on, Market Cap Passes $10Bn USD (34 points, 0 comments)
    4. Apple Tells Jaxx To Remove Dashpay (31 points, 32 comments)
    5. Secret Chinese Bitcoin Mines Are Mining Millions (31 points, 4 comments)
    6. A Decentralized World Has No Kings (29 points, 0 comments)
    7. China's Social Security Fund to Use Blockchain Technology (28 points, 3 comments)
    8. FBI Director: 'There's No Such Thing As Absolute Privacy’ (28 points, 4 comments)
    9. Kim Dotcom’s Mega & Bitcoin ‘Baby’ Will Be Born This January (28 points, 5 comments)
    10. BitPay Launches Loadable Visa (27 points, 0 comments)
  5. 784 points, 35 submissions: CryptoCurrencyNews
    1. Libertarian City Liberstad in Norway is Moving Forward Using Bitcoin as Primary Currency (67 points, 8 comments)
    2. What Is the Flippening? (53 points, 16 comments)
    3. Only 807 People Have Declared Bitcoin for Tax Purposes According to IRS (40 points, 12 comments)
    4. Storj to Migrate Decentralized Storage Service to Ethereum Blockchain (40 points, 5 comments)
    5. Darknet Marketplace AlphaBay Will Enable Ethereum Payments Soon (35 points, 14 comments)
    6. The Trump Administration is Buying Into Blockchain Tech (35 points, 5 comments)
    7. Coinbase Receives Approval To Trade Ether and Litecoin in New York (32 points, 2 comments)
    8. Bitcoin's Price Just Finished its First Month Above $1,000 (29 points, 1 comment)
    9. Chinese Central Bank Requiring Extreme Customer Verifications at Exchanges (29 points, 5 comments)
    10. The EU is Now Targeting “Unpermissioned” Blockchains (29 points, 10 comments)
  6. 633 points, 35 submissions: twigwam
    1. Creator of the JavaScript language and early Internet pioneer plans blockchain-based digital ad platform on the Ethereum network (40 points, 18 comments)
    2. NYTimes on Ethereum... (37 points, 15 comments)
    3. The Disaster that is Bitcoin (35 points, 20 comments)
    4. Bitcoin is a Highly Centralized Network, Says Harvard Researcher - CCN (31 points, 14 comments)
    5. Gavin: Ethereum will outgrow Bitcoin at this pace. (28 points, 9 comments)
    6. The Amount of Self-Proclaimed Ethereum Experts Surpasses 3,000 On LinkedIn (25 points, 8 comments)
    7. [The Economist] Ethereum: One blockchain to rule them all? - talk with Vitalik Buterin (25 points, 0 comments)
    8. How the blockchain will radically transform the economy | Bettina Warburg (22 points, 9 comments)
    9. Vitalik Buterin to Debut Ethereum Scaling Paper at Devcon - CoinDesk (22 points, 7 comments)
    10. [Coinbase] "is convinced that public blockchains and cryptocurrencies would eventually produce greater innovation, just as the open Internet has changed society more than private intranets have." - Forbes in-depth article (20 points, 0 comments)
  7. 522 points, 20 submissions: olivercarding
    1. Bitcoin Activity in India Has Doubled Since the Banknote Ban (58 points, 0 comments)
    2. Apple Approves Steem, Lisk and Digicash for App Store; Rejects Ethereum Classic (57 points, 10 comments)
    3. Bitcoin Has Many Fans at Amazon According to Purse CEO Andrew Lee (50 points, 5 comments)
    4. $5 Worth of Bitcoin Gets You Internet ‘For Life’ on the Darknet (36 points, 7 comments)
    5. 4 Monero Features That Enable Better Privacy Than Bitcoin (35 points, 0 comments)
    6. Bitcoin is Eating the Entire Online Gambling Industry (31 points, 2 comments)
    7. Report Estimates There are More Than 10 Million Bitcoin Holders Worldwide (28 points, 7 comments)
    8. Bitcoin Dominance Index Approaches 90% as Ethereum and Steem Decline (25 points, 4 comments)
    9. Singapore’s Status Wants to Bring Ethereum to Every Mobile Device (25 points, 0 comments)
    10. Slock.It Says 'The DAO's Journey is Over' (23 points, 0 comments)
  8. 513 points, 21 submissions: _CapR_
    1. Polls suggest the Pirate Party who support Bitcoins as legal tender may win Saturday's election in Iceland (48 points, 3 comments)
    2. ALERT: Apple just approved two more scam wallets, please help reporting them - (/Bitcoin x-post) (41 points, 0 comments)
    3. War On Cash Intensifies: Citibank To Stop Accepting Cash At Some Branches (40 points, 3 comments)
    4. Russian Authorities: Bitcoin Poses No Threat, Won’t Be Banned (36 points, 5 comments)
    5. The Govt. Realized Bitcoin Could Not Be Shut down, Says U.S. Federal Prosecutor - CryptoCoinsNews (36 points, 7 comments)
    6. Saudis, China dump treasuries; foreign banks liquidate a record $346 billion in US paper (33 points, 2 comments)
    7. IRS Fail: Treasury Audit Says it Can't Manage Virtual Currencies - Bitcoin News (32 points, 2 comments)
    8. Bitcoin Is Real Money, Judge Rules in J.P. Morgan Hack (31 points, 0 comments)
    9. Massive scams like OneCoin harm all of crypto & can increase bad regs - help me make a letter on GitHub to send to enforcement agencies (29 points, 9 comments)
    10. Deploy is the fastest and easiest way to create an OpenBazaar store that will stay up 24/7, auto-update, and operate securely. (27 points, 0 comments)
  9. 365 points, 20 submissions: jholmes91
    1. Monero Testing $10, Releases Official Wallet (39 points, 1 comment)
    2. Litecoin Creator: I think there's a General Confusion that SegWit Signaling is a Vote (28 points, 2 comments)
    3. Open-source Cold Storage Guide for Bitcoin in the Works! (27 points, 1 comment)
    4. One in Five Users May Abandon Bitcoin Because of Privacy Concerns (24 points, 19 comments)
    5. Jaxx Wallet Set to Integrate DASH This Week (23 points, 4 comments)
    6. IRS Summons Coinbase, but the Bitcoin Exchange Fights Back (22 points, 2 comments)
    7. New OpenBazaar Release Provides Altcoin Integration (21 points, 12 comments)
    8. Russia's Ministry of Finance Wants to Legalize Bitcoin (21 points, 0 comments)
    9. Monero Appreciation Intensifies on Darknet Adoption (20 points, 7 comments)
    10. Monero Attracts Mainstream Media After ZCash Decline & Controversial Launch (18 points, 0 comments)
  10. 355 points, 17 submissions: coin_news
    1. Major Korean Bank to launch bitcoin-backed remittance service (40 points, 1 comment)
    2. Experts say Scotland should adopt blockchain technology, or risk losing tens of thousands of jobs and hundreds of millions in earnings (32 points, 1 comment)
    3. Tumblers and unregulated wallet providers are the target of global cybercrime conference (30 points, 8 comments)
    4. Gemini launches daily bitcoin auctions to provide better price discovery (27 points, 0 comments)
    5. U.S. Department of Homeland Security funds four blockchain companies developing new cyber security technology (27 points, 1 comment)
    6. Deloitte boosts blockchain adoption by installing a bitcoin ATM in their Toronto office (25 points, 0 comments)
    7. DC attorneys suggest Federal Reserve actively embrace and utilize blockchain technology (24 points, 2 comments)
    8. House of Lords told Bank of England's digital currency is 'some way off' (24 points, 1 comment)
    9. 75% of corporate treasurers in Africa and Latin America interested in blockchain solutions (21 points, 0 comments)
    10. Public blockchains gaining acceptance at Bank of Japan’s Payment and Settlement Forum (17 points, 0 comments)

Top Commenters

  1. nugymmer (404 points, 207 comments)
  2. trancephorm (289 points, 67 comments)
  3. SeemedGood (132 points, 53 comments)
  4. indiamikezulu (91 points, 55 comments)
  5. kingofthejaffacakes (88 points, 22 comments)
  6. jwinterm (87 points, 32 comments)
  7. antiprosynthesis (83 points, 43 comments)
  8. nagalim (80 points, 28 comments)
  9. phor2zero (77 points, 13 comments)
  10. humbrie (76 points, 33 comments)
  11. RawlzSec (75 points, 17 comments)
  12. thegauntlet (73 points, 23 comments)
  13. MasterMined710 (70 points, 44 comments)
  14. wolffang1 (68 points, 39 comments)
  15. marenkar (62 points, 24 comments)
  16. shbour (58 points, 26 comments)
  17. twigwam (57 points, 33 comments)
  18. sn0wr4in (56 points, 14 comments)
  19. strips_of_serengeti (56 points, 14 comments)
  20. travis- (55 points, 16 comments)
  21. ASG3 (54 points, 36 comments)
  22. isrly_eder (54 points, 12 comments)
  23. Explodicle (53 points, 29 comments)
  24. _CapR_ (53 points, 25 comments)
  25. autotldr (52 points, 28 comments)

Top Submissions

  1. Employee mined bitcoins on Federal Reserve servers for two years by _bnc (106 points, 15 comments)
  2. Talking to people about CryptoCurrencies be like... by discombobulatedone (91 points, 11 comments)
  3. Bitcoin falls below 70% of total cryptocurrency market cap for the first time by SatoshiRoshi (90 points, 62 comments)
  4. Countdown: Bitcoin Will Be a Legal Method of Payment in Japan in Two Months by helmsk (88 points, 2 comments)
  5. Monero successfully hardforks! by jml390 (85 points, 33 comments)
  6. Bitcoin Transactions Declared VAT-Exempt in Norway by helmsk (85 points, 3 comments)
  7. Kraken launches Monero trading by jml390 (82 points, 3 comments)
  8. Poloniex is Secure. We're Good. by Poloniex (79 points, 52 comments)
  9. EU Parliament states Virtual Currencies cannot be anonymous by -bnc (70 points, 26 comments)
  10. Bitcoin expected to become part of everyday life in the Caribbean within eighteen months as banks abandon the region by Coinosphere (70 points, 11 comments)

Top Comments

  1. 44 points: boppie's comment in EU Parliament states Virtual Currencies cannot be anonymous
  2. 40 points: ihaphleas's comment in Bitcoin is not private, only decentralised. What is the most private, secure, and decentralised crypto currency?
  3. 32 points: FatherSigma's comment in How many people here know about Monero (XMR)?
  4. 32 points: adidasimwearing's comment in Best Alternative to Bitcoin
  5. 31 points: TH3J4CK4L's comment in Which coins are currently superior to Bitcoin as a currency / store of money?
  6. 26 points: eleitl's comment in Europe Will Have Power to Ban Blockchain Tech in January 2018
  7. 26 points: trancephorm's comment in Zcash trusted setup disaster. The number of parties used should have much larger. It is sad that they never properly responded to this concern.
  8. 25 points: phor2zero's comment in Which coins are currently superior to Bitcoin as a currency / store of money?
  9. 24 points: pasttense's comment in EU Parliament states Virtual Currencies cannot be anonymous
  10. 24 points: trancephorm's comment in Roger Ver Selling his Bitcoin for Dash to Protest Core Censorship (Today's Tony Podcast)
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