Can the early success of major crypto exchanges propel them to winning the broader consumer finance market?submitted by mickhagen to genesisblockhq [link] [comments]
This is the first part of Crypto Banking Wars — a new series that examines what crypto-native company is most likely to become the bank of the future. Who is best positioned to reach mainstream adoption in consumer finance?
While crypto allows the world to get rid of banks, a bank will still very much be necessary for this powerful technology to reach the masses. We believe a crypto-native company, like Genesis Block, will become the bank of the future.
In an earlier series, Crypto-Powered, we laid out arguments for why crypto-native companies have a huge edge in the market. When you consider both the broad spectrum of financial use-cases and the enormous value unlocked through these DeFi protocols, you can see just how big of an unfair advantage blockchain tech becomes for companies who truly understand and leverage it. Traditional banks and fintech unicorns simply won’t be able to keep up.
The power players of consumer finance in the 21st century will be crypto-native companies who build with blockchain technology at their core.The crypto landscape is still nascent. We’re still very much in the fragmented, unbundled phase of the industry lifecycle. Beyond what Genesis Block is doing, there are signs of other companies slowly starting to bundle financial services into what could be an all-in-one bank replacement.
So the key question that this series hopes to answer:
Which crypto-native company will successfully become the bank of the future?We obviously think Genesis Block is well-positioned to win. But we certainly aren’t the only game in town. In this series, we’ll be doing an analysis of who is most capable of thwarting our efforts. We’ll look at categories like crypto exchanges, crypto wallets, centralized lending & borrowing services, and crypto debit card companies. Each category will have its own dedicated post.
Today we’re analyzing big crypto exchanges. The two companies we’ll focus on today are Coinbase (biggest American exchange) and Binance (biggest global exchange). They are the top two exchanges in terms of Bitcoin trading volume. They are in pole position to winning this market — they have a huge existing userbase and strong financial resources.
Will Coinbase or Binance become the bank of the future? Can their early success propel them to winning the broader consumer finance market? Is their growth too far ahead for anyone else to catch up? Let’s dive in.
BinanceThe most formidable exchange on the global stage is Binance (Crunchbase). All signs suggest they have significantly more users and a stronger balance sheet than Coinbase. No other exchange is executing as aggressively and relentlessly as Binance is. The cadence at which they are shipping and launching new products is nothing short of impressive. As Tushar Jain from Multicoin argues, Binance is Blitzscaling.
Here are some of the products that they’ve launched in the last 18 months. Only a few are announced but still pre-launch.
Can they create a cohesive & united product experience?
Binance WeaknessesBinance is strong, but they do have a few major weaknesses that could slow them down.
Binance Wrap UpI don’t believe Binance is likely to succeed with a homegrown product aimed at the consumer finance market. Their current product — which is focused heavily on professional traders and speculators — is unlikely to become the bank of the future. If they wanted to enter the broader consumer market, I believe it’s much more likely that they will acquire a company that is getting early traction. They are not afraid to make acquisitions (Trust, JEX, WazirX, DappReview, BxB, CoinMarketCap, Swipe).
However, never count CZ out. He is a hustler. Binance is executing so aggressively and relentlessly that they will always be on the shortlist of major contenders.
CoinbaseThe crypto-native company that I believe is more likely to become the bank of the future is Coinbase (crunchbase). Their dominance in America could serve as a springboard to winning the West (Binance has a stronger foothold in Asia). Coinbase has more than 30M users. Their exchange business is a money-printing machine. They have a solid reputation as it relates to compliance and working with regulators. Their CEO is a longtime member of the crypto community. They are rumored to be going public soon.
Coinbase StrengthsLet’s look at what makes them strong and a likely contender for winning the broader consumer finance market.
Coinbase WeaknessesLet’s now look at some things that could hold them back.
Coinbase Wrap UpAt Genesis Block, we‘re proud to be working with Coinbase. They are a fantastic company. However, I don’t believe that they’ll succeed in building their own product for the broader consumer finance market. While they have incredible design, there are no signs that they are focused on or capable of internally building this type of product.
Similar to Binance, I think it’s far more likely that Coinbase acquires a promising young startup with strong growth.
Honorable MentionsOther US-based exchanges worth mentioning are Kraken, Gemini, and Bittrex. So far we’ve seen very few signs that any of them will aggressively attack broader consumer finance. Most are going in the way of Binance — listing more assets and adding more pro tools like margin and futures trading. And many, like Coinbase, are trying to attract more institutional customers. For example, Gemini with their custody product.
Wrap UpCoinbase and Binance have huge war chests and massive reach. For that alone, they should always be considered threats to Genesis Block. However, their products are very, very different than the product we’re building. And their approach is very different as well. They are trying to educate and onboard people into crypto. At Genesis Block, we believe the masses shouldn’t need to know or care about it. We did an entire series about this, Spreading Crypto.
Most everyone needs banking — whether it be to borrow, spend, invest, earn interest, etc. Not everyone needs a crypto exchange. For non-crypto consumers (the mass market), the differences between a bank and a crypto exchange are immense. Companies like Binance and Coinbase make a lot of money on their crypto exchange business. It would be really difficult, gutsy, and risky for any of them to completely change their narrative, messaging, and product to focus on the broader consumer market. I don’t believe they would ever risk biting the hand that feeds them.
In summary, as it relates to a digital bank aimed at the mass market, I believe both Coinbase and Binance are much more likely to acquire a startup in this space than they are to build it themselves. And I think they would want to keep the brand/product distinct and separate from their core crypto exchange business.
So back to the original question, is Coinbase and Binance a threat to Genesis Block? Not really. Not today. But they could be, and for that, we want to stay close to them.
Other Ways to Consume Today's Episode:
Download the app. We're a digital bank that's powered by crypto: https://genesisblock.com/download
Good evening autists,submitted by xcessinmoderation to wallstreetbets [link] [comments]
I've decided to make this post in order to give you all insight of what I see as a underexamined area of weakness (especially in this sub) and I believe is a possible harbinger of what lies ahead, which is the logistics industry. There are many moving parts and niches in the industry and most businesses rely on logistics services to support their operations (from the supply of raw materials, moving product from manufacturer to distribution center, clearing freight through customs, storage, or delivering final products to stores or customer's door). There are steamship lines (SSLs), airlines (ALs), freight forwarders, customs brokers, truckers, distribution centers, warehouses and they all participate to assist companies who import their products to different markets get them there as fast as possible (unless you're an SSL) at the lowest cost.
These services have allowed products to be made more cheaply internationally due to low labomaterial costs, mainly, which in turn allows markets to buy them cheaper. For the US, this is critical because it doesn't really manufacture much anymore as it's moved on from a manufacturing economy to a more service based economy over a handful of decades (trade deficit for March increased to $44.4 billion difference in imports over exports https://www.census.gov/foreign-trade/data/index.html ).
We're on a downtrend due to trade war, which is good, but $44 bil on 3month avg is basically impossible to make up for in any kind of short-term basis.
With this change from a manufacturing economy to a more service based economy, basic logistics services have seen steady growth for multiple decades. In general, when an industry is in its infancy, you have many small players (usually) and over time they consolidate. Well, this is similar to what's happened in the SSL sector of the logistics industry and this is where I'll start.
You can do your own research, or just take my word for it, but SSL alliances have picked up starting the last decade or more ('08 recession put upward pressure on this) as record losses were prominent for almost all carriers due to over-supply and reducing demand. This fact then pushed them into rate wars (SSLs undercutting freight rates to push out competition). Rate wars then forced alliances among the SSLs. Larger players forming pacts with similar larger players in order to wipe out the smaller players, which in turn has forced the smaller players to build pacts in order to fight back. If you're wondering how this isn't an antitrust issue, it has been brought up and investigated by the DOJ though I'm not going full on into the weeds on that but basically, "Antitrust investigators believe that due to a history of legally having the ability to discuss pricing under antitrust immunity, the industry lacks a disciplined culture and is therefore susceptible to illegal activity. For example, the DOJ regularly issues a statement raising concerns after the FMC allows a shipping alliance or major vessel-sharing agreement (VSA) to take effect" * https://www.joc.com/maritime-news/container-lines/us-antitrust-probe-container-shipping-ends_20190226.html (think OPEC-ish). With the formation of these pacts came investment in new containerships at a record pace. It was a race to see who could buy the largest ship in order to save cost through economies of scale and crush the competition on the highest traffic lanes globally (i.e. major import lanes like Shanghai to Los Angeles or Shanghai to Rotterdam). The first major player to fall was Korean SSL Hanjin just over 4 years ago. At the moment, we only have 3 alliances that control~80% of the capacity of ocean cargo transported globally. The breakdown of alliances is below (https://www.morethanshipping.com/the-impact-of-the-container-shipping-alliances/ ).
Pick your poison
However, unfettered competition remains within these main trades regardless of the alliances made. It is tantamount to a war of attrition and that is going to be devastating in the current environment. See below recent reports on SSLs.
An April 8th article in WSJ ( https://www.wsj.com/articles/container-ship-operators-idle-ships-in-droves-on-falling-trade-demand-11586359002 ) stated the below points
So, if this industry sector was reduced to a 1.16 Z score for the 12 months ending Sept 2019 (5 SSLs produced a scores of less than 1 and all were under the 1.8 level), it's probably a safe bet this score has not gone up since. If more SSLs were to go bankrupt, this would further constrain capacity to even fewer SSLs who are already trying to minimize port calls and slow down how fast ships cycle through their scheduled port calls (their "string"), causing backlogs that in turn send freight rates higher. Part of the reason they do this is because of the headhaul vs. backhaul issue that occurs on many vessel strings (i.e. lots of freight moving from a ship's origin to particular destinations, but not from the destinations back to the ships origin or future port calls) causing them to issue "blank sailings" for some ports, which is their notice that the port will be skipped by a particular vessel. This causes many problems with equipment (container) availability and can further distort freight rates and cause backlogs. If they can only make money going one way, they're losing money more often than not. Furthermore, inactive containership capacity through 2020 is projected to move even higher, increasing the recent record statistic for the sector. Below articles for support.
April 8th article (https://shippingwatch.com/carriers/Containearticle12067889.ece) stating the below points.
SSL TL;DR - Steamship lines have been broken for a while but beervirus has potential to be the catalyst to push many over the edge into insolvency. In order to stabilize freight rates, SSLs have been parking container ships at a record pace with capacity projected to shrink by more than 3 million TEU (20' container equivalent), which has never happened before. The more SSLs revert to parking vessels in order to stabilize freight rates, the closer it pushes them to bankruptcy (a double edge sword, if you will) and in turn the more companies will pay to move freight in the future. Even if no SSLs go bankrupt, companies will be paying more to move freight regardless due to virus disruption.
There has been much already addressed and available about the ALs and I'm just going to assume you're more aware of their history as compared to the SSLs, so I'll make this section short and only provide the details most of you might not get if you're not really involved with logistics.
An article published on May 4th (https://www.stattimes.com/news/global-air-cargo-capacity-down-by-29-seabury-reports/ ) stated the below points (w/ visuals).
You already knew this but ALs getting hammered due to passenger decline related to beervirus. That in turn has affected the flow and capacity of airfreight
Passenger aircraft belly capacity reached an all time low at the beginning of April. It has rebounded slightly, but forecasts shows capacity will not be returning to normal in 2020
Another article release today by the NY Times also states the dire circumstances ALs face currently (https://www.nytimes.com/2020/05/10/business/airlines-coronavirus-bleak-future.html?auth=link-dismiss-google1tap). This article isn't particularly logistics focused, but it provides insight into the passenger side of ALs, which is where they make a majority of their revenue. I've added important points below.
ALs TL;DR - With beervirus, passenger belly space has shrunk to unprecedented levels, causing air freight rates to increase by 5 or 6 times their normal costs on many lanes as planes are parked. Companies are forced to pay through the nose for air freight when cargo critical to their operations is needed due to SSL capacity constraints and the extended lead times across all modes of transportation. Companies trying to utilize air cargo will be paying higher costs indefinitely as air capacity doesn't look to return to normal within 2020.
Last, I'd like to move on to look at US inventories and US consumer spending as they are the major catalyst when it comes to freight demand. Using US census data, summarized in the below table (this is preliminary data, so not reflecting recent update today but breakdown takes this into account) , tradingeconomics.com ( https://tradingeconomics.com/united-states/wholesale-inventories ) provides this breakdown of Us inventories: "Wholesale inventories in the US fell 0.8 percent month-over-month in March of 2020, less than an initial estimate of a 1 percent drop. Still, it is the biggest decline in inventories since September of 2011. Stocks of nondurable goods slumped 2.7 percent (vs –2.6 percent in the preliminary estimate), while durable goods inventories edged up 0.5 percent (vs 0.1 percent in the preliminary release). Year-on-year, wholesale inventories were down 1.7 percent in March."
Typically, high inventory points to economic slowdown, while a low reading points to stronger growth. However, this generality is not true in the current environment. We're seeing inventories lower due to supply shocks presented by the beervirus but at the same time we're seeing major demand shocks so we have this peculiar instance where inventories have fallen the most in over a decade, but still did not fall as much as expected.
Now look at consumer spending ( https://tradingeconomics.com/united-states/consumer-spending ).
And now with tradingeconomics.com forecast.
I argue that this shows supply is catching up to demand, as we can see that consumer spending has fallen off a cliff and is projected to fall further.
So, you might be wondering, what does all of this means and what am I getting at?
Within logistics there is a phenomenon that occurs when supply and demand are not managed and become dislocated. This is called the Bullwhip Effect. With the turmoil associated around major players in the logistics industry (SSLs & ALs) and general uncertainty in regards to the the economic outlook, we can expect increased costs associated with inventory, if companies have too much inventory (which is looking like the lesser of two evils IMO depending on the situation), or increased cost in freight spend, if companies don't have enough inventory (which, considering the wild swings in rates, could be devastating in cost). Either way, the point is cost. Costs are going to go up to move all the consumer goods we have been accustomed to buying so cheapy over the last decades of the expansion of the global market place that was supported by the expansion of capacity in global SSLs and ALs. That is why I'm not buying the deflation narrative that is being passed around currently and supported by the FED. Logistics services have been widely overlooked as a major contributor to the deflation in CPI we've seen over the last decade or so, as this coincides with the alliances created in SSLs and rate wars that ensued. We will see consumer prices increase and inflation will return whether the economy rebound quickly or not. I am short gold, silver, and select precious metal equities, long on global risk assets until this mess can be sorted out.
TL;DR - Logistics services have expanded with globalization and have become key players in keeping companies operating smoothly. SSLs have been creating alliances over the last decade, which caused rate wars (lowering freight costs). Due to beervirus, SSLs and ALs are severely hampered and are parking assets at a record pace, severely reducing capacity that is extremely difficult to expand in any kind of short-term basis. The disruption to supply chains will cause bullwhip effects across supply chains worldwide. This will raise prices for most goods with certainty. I am short gold, silver, and select precious metal equities, long on global risk assets until this mess can be sorted out.
This is a worrisome development in the bilateral relations with the People's Republic of China and Japan. Not only has there been a spate of leaks from the Japanese Ministry of Foreign Affairs in the quarrel with their American counterparts, the biggest cause of concern is the overly aggressive stance and threatening nature of this position by Japan towards China and the Chinese people. While we can confirm that this leak has not come from our own side of talks with the Abe Administration, we have been just as perplexed by the sudden swings exhibited by Japan when we were initially contacted by Japan asking China to somehow enforce the recent WTO judgment in the Korean-Japanese complaint filing as well as advocate Japanese interests with North Korea concerning missile testing.
We are continuing to observe the situation and shall react according through the appropriate channels should the matter develop for the worse.
If this trend of protest continues, they will be completely edged out fo the Mainland market. There is a clear advantage to companies taking the risk and investing in 5G products. China has taken the global lead on 5G, it's only reasonable that consumers want to take full advantage of services they are paying for out of pocket. If he rest of the world fails to catch up, they will see lower profits in return from Mainland China. Also not being a Japanese brand further helps give the current economic sentiment among Chinese consumers.
Owen: This is determined on a case-by-case basis. Sidechains have the ability to use both MAN tokens or their own currency to pay for gas. This determination depends on several factors including each sidechain project's plans for how to handle mining and verification nodes.Please could you give an update regarding the One Belt One Road project - are there any further developments? any new projects/companies we may not have heard of?
Owen: Regarding OBOR-related project updates, we are currently participating in some logistics projects related to the “Yu Xin Ou” route (“渝新欧”). As mentioned above, this is the railway development project to link Chongqing to Europe. At the same time, we are working on some AI development platforms and digital railway management systems in other countries along the OBOR. China is planning to build a 13.8 billion yuan ($2.1 billion) technology park for the development of artificial intelligence.In Mentougou district in Beijing. Is Matrix AI going to have some involvement / offices in this park ?
Owen: Hello! Thank you for your question! The first one of the day! We are aware of the Mentougou park but we currently do not have plans to participate in this specific park. However, we are already in talks to participate in the development of other such parks.In the last AMA, you mentioned some level of integration or use in Smart City projects? can we have any details or future plans regarding this?
Owen: Certainly! The Matrix AI Network is already actively carrying out work in several so-called Smart City projects. One thing I can share is a smart platform we are making as part of a Smart City Firefighting and fire-prevention project. We will likely share more information about this project in the coming months.How will Matrix AI holders directly benefit from the MBC Project (involving PetroChina) if they are using a sidechain and are not charged fees in MAN? Can you give more details on this arrangement?
Owen: Question number 2! The MBC Project’s applications and operations will use the computing power and related resources of the Matrix AI Network, which means they will use MAN to pay for these services.When will MAN be available to buy on more exchanges? Are there plans for a Binance listing?
Owen: As mentioned elsewhere here, while we can't speak to specifics, our team is actively working to find opportunities to cooperate with exchanges.Are there news/follow ups concerning the external financial audits that were planned and announced during the last AMA?
Owen: Yes! The Matrix Foundation is currently actively working with Ernst & Young to complete the first year audit.Can we have updates concerning your partnerships? How will the shipping company partnership increase market share? What progress has been made with OBOR? Is the hospital using MAN on a wide scale basis? IDA was supposed to be your first Dapp. What happened with that? What is going on with the subway deal? Is the AI aspect of your project advancing? Will you increase your marketing campaign?
Owen: I would be happy to provide updates about several of our partnerships.We see large (Chinese) tech companies moving heavily in to AI... Do you intend to supply these companies with computational power ?
- The cooperation with the MBC project will greatly expand our reach in the logistics industry and provide us even more market participation opportunities in projects along the Belt and Road.
- We are currently participating in several logistics projects related to the “Yu Xin Ou” route (“渝新欧”). This is the railway development project linking Chongqing to Europe. We are also beginning to arrange AI development platforms and digital railway management systems in other countries along the Belt and Road.
- There are already multiple hospitals using Matrix’s cancer diagnostic system.
- The previously mentioned subway project is still ongoing. We will have a progress update to share soon.
- As for our plans for AI, there are several new developments – too many to write here. We will update out whitepaper in the near future. The updated whitepaper will include details about our future plans.
Owen: Yes! We have every intention to provide computational power to individuals, companies and other organizations. Our hope is that, in the future, everyone will have access to AI computing services.Since matrix plan to run it's own validators (and may be miners) after public validating / mining begins:
In our view, we think there are three vital components in the AI industry: computing power, data and algorithms/models. Matrix is currently solving the issue of computing power. We have a very ambitious vision for the future of Matrix – one that addresses all three of these components.
We are planning to release an updated version of our whitepaper in the near future which outlines our vision in greater detail.
Owen: The Matrix Foundation will deploy a TBD number of miners to ensure the stable and normal operations of the Network. When miners and verifiers staked by the community are unable to mine or normally produce blocks – for example, they might suddenly go offline – the Matrix Foundation nodes will step in and perform the work to ensure that the network remains uninterrupted.1. Can you tell us, when you plan to have real world applications used in reality and having an effect on the coin circulation?
However, the Matrix Foundation miners will not receive and block rewards for this mining work, nor will they be selected during the regular course of mining activities if there are sufficient community-staked nodes.
Owen:With Matrix AI's award winning image recognition capacity (and predictive analytics).... have you reached out to companies looking to :
Steve: Because our delegate node architecture already serves a similar function, as evidenced by our high TPS, we are in no rush to introduce a formal layer-2 solution. However, we believe this technology will be important in the future, so it is something we are exploring and planning for.
- Besides our mining network, there are several real-world applications coming including our cancer diagnostic applications. These will be open to the public and use the MAN token as the medium of distribution. So, this is one example of a real-world application that will have an effect on coin circulation.
- Layer-2 solutions is something that we are actively exploring.
- We view AI comprising three key componets: computing power, data and algorithms/models. In the future, we hope that everyone will be able to control their data and own all the benefits and value derived therefrom. This is why we have decided to use IPFS technology to store data. This method allows everyone to protect their own personal data.
Owen: Professor Deng’s award-winning image recognition technology is certainly of great value to the Matrix AI Network. To answer your question, we are currently in discussions with partners to tackle fraud detection, criminal activity and asset trading.Matrix is a member of the Advanced Telecommunication Chain Industry Alliance in Tianjin, China.
We currently are not in discussions with any companies relating to the analysis of satellite images to track oil, crop and water inventories; nor are we doing anything with dash cams.
Owen: There is the possibility of receiving grants from the Tianjin Government – this is something that is progressing and ongoing. There are quite a few steps to this process. There are certainly also other grant opportunities out there. Matrix is always on the look out for suitable grant opportunities relating to industry, academic and research.We know the use of cryptocurrencies is difficult in China. It is understandable if Matrix cannot deal with Chinese entities exclusively in MAN tokens as payment etc. With that in mind, in what ways can Matrix ensure the usage of the MAN token? Any ideas or plans about that? Thank you!
Owen: The first thing I’d like to say is that we are designing the Matrix AI Network to be a global network, rather than a platform that solely serves the Chinese market. To specifically answer your question, there are several companies who can work with us to serve as a proxy or gateway for payment settlements in China. We do not foresee this being a huge problem.Steve Deng recently spoke about a "payment module" that is soon to be released.
Steve: The "payment module" comprises three basic functions. The first is a set of prices for using our AI models and datasets. The second is a method through which to accurately track th eusage of these AI models and datasets. Finally, the the function involves payment settlement.Has a decision been made to have a second raise (ITO) for strategic investors ?
Owen: We will eventually enter a strategic investment cooperation with select investors. However we have not yet finalized the list of potential investors, so it is not something imminent.What patents has Matrix AI secured and what entity owns the rights to those patents ?
Owen: We have secured several patents including patents relating to our node deployment and election methods, blockchain architecture, and transaction verification techniques, just to name a few. All rights belong to the Matrix Foundation.Can community kindly know the smart choice in buying hardware for a CPU based node now, versus when you plan to release own MAN rig ?(which may or may not make earlier hardware obsolete?) It’s frustrating to buy hardware not knowing if it’s a waste in 2 month or can be used for 12 months ! Loss or profit? It is still not clear if validator nodes have same hardware specs as miner, as it seems not needing the CPU under testing? Are there more specific information in Chinese to follow?
Steve: Matrix's Chief Network Architect, Bill Li, and I have applied, or are in the process of applying, for 30 additional patents related to AI technologies in industrial systems. Many of the patents are specific to applications in high-speed rail, although the data processing, AI models and system integration can be generalized to other hardware and software systems, from self-evolving blockchains to smart cities.
Owen: Currently, regular PCs can perform mining and verification tasks. You do not need to go out and buy specific hardware to participate. Certainly having a more powerful CPU will provide an advantage when performining mining tasks. However, there is no way for me to give you specific hardware recommendations to outperform other nodes as it depends largely on what the other nodes are using.What is Dr 黎泽明 involvement with Matrix AI ?
Steve: He was my master student. Zeming developed a series of award-winning deep neural networks. Now, he is with Face++ as he already had a commitment with them before graduation. We talked about future arrangement a month ago and has expressed interest in joining MATRIX once we start the cancer immunotherapy project.Im sure you are aware of Certik and Quantstamp
Owen: Thanks for your questions! We plan to offer debugging services to other blockchain projects. As for the China Standard Beijing Huabiao, we have formed a committee and are developing certain blockchain industry standards. After, the next step will be to promote these standards to more and more relevant companies and organizations.Given the recent scrutiny of Chinese blockchain projects and companies behind them, will you kindly clarify the legal entity which own and are responsible for Matrix/Matrix Foundation, including address of business as in business license (Chinese is ok)?
Owen: The legal entity responsible for the Matrix AI Network is the Matrix Foundation. The Matrix Foundation is registered in Hong Kong.Could you please go in to more detail of how "Revocable" and "Reversible" transactions are executed on the network ?
Owen: We have merged "Scheduled", "Revocable" and "Reversible" transactions into a single function. These transactions can be revoked or cancelled so long as the transactions have not-yet-taken place. Once the transaction is complete, it can not be reversed.I would like to know if you have a date of release of the official matrix mining machine as well as the technical characteristics? His price?
One of many potential use cases for these kinds of transactions is as follows. Let's say I have agreed to send you 100,000 MAN tokens for a service you agreed to provide. This service will only be completed one week from now. Using these types of transactions, we can set and agree to all the details. During the one week period between our agreement and the completion of services, I am free to use these tokens for other things such as adding to my mining stake (just for example). In a way, this increases the operational value of the MAN token.
Owen: We currently expect to release more detailed information about the Mining Machine in April. However, the tentative plan is to release the Mining Machines in August. We expect to start the token swap several weeks from now. Not too much longer to wait!Will there be an option to allow payment of masternode rewards in £GBP or $USD to say PayPal, via an adapter? such as what chainlink will allow: https://twitter.com/chainlinkfan/status/1097359273686753281
Owen: There is currently no option to allow block rewards to be paid out in GBP, USD or other fiat currencies. We also currently have no active plans to support this feature. In the future, if we wanted to do something like this, we would likely need to rely on a partnership with an intermediary or a bank.Hello, can you try to get listed on Binance if not Binance how about UpBit? and work on your marketing because without marketing and Binance or Upbit or any other big exchange no matter how good the product is Value of MAN is going nowhere. From an investors point of view, this is very crucial.
Owen: While we can't speak to specifics, our team is continuing to work hard to find opportunities to cooperate with exchanges.Do you have plans to integrate WASM into your platform for developing applications?
Steve: Yes, we do have plans to systematically exploit the advantages of Wasm. First, we want to use Wasm to lower the difficulty in the deployment of AI and other applications. Second, we plan to use Wasm as the future intelligent contract engine. Our current thinking is to base the next-generation Matrix virtual machine on WebAssembly.I have some general questions about Matrix's IPFS system.
Owen: Yes, there is compatibility with other popular infrastructures like Alibaba Cloud. The IPFS system also has the ability to ensure the anonymity and security of clients via permissioned nodes.When will be smart contracts ready? When natural language?
Owen: For the questions relating to intelligent contracts and natural language programming, I will wait for Professor Deng to answer as this is his area of expertise.When the miners are released that run the Markov chain Monte Carlo computing, will they be required to stake MAN coins to contribute to the AI services if they don't want to mine or validate at all?
Regarding plans to build a DEX, our mainnet already includes an exchange function. You will all be able to access this function on our new web wallet once it is released.
Steve: This April, we will have the 1st generation smart contract verification toolkit online. A more comprehensive version will be ready in the latter half of 2019. As for natural language intelligent contracts, we plan to release a template-based version in the latter half of 2019.
Owen: While the mining machine supports dual-operation, it also allows for stand-alone operations for AI services. In this case, there is no need to stake tokens.The AI medical space is becoming increasingly crowded with the likes of (Albaba) "Ali Health" to develop applications including AI-assisted screening and diagnostics in China
Owen: First, we have world-class algorithms and AI scientists who have won several international competitions. Second, I believe that distributed AI networks – rather than centralized solutions – will be the driving force behind the evolution and development of AI algorithms. There are already several hospitals that have started using our cancer diagnosis system. A large number of international hospitals have also already expressed interest in using our technology.In what ways does Matrix intend to outperform competitors in the field of AI and EDGE computing ?
Steve: That’s a very good question. Ali and Tencent are more aligned to collecting patient data by taking advantage of their competency in cloud computing. As big companies, they have to handle problems with a large patient population so that high operational costs can be neutralized. So, they have a preference towards image-based diagnosis.
We take a different path. First, we are targeting a few very challenging problems which depends on treatment records and other laboratory tests. Second, we are collaborating with leading hospitals to develop cutting-edge research. In 2009, I got support for cancer immunotherapy from the Chinese National Science Foundation and China Ministry of Science and Technology. Third, we have high quality patient data from early screening, to CT imaging, until biopsy. So far we have the data of over 2,000 patients and all data are labeled by the best doctors of China.
We are now closely cooperating with the Shanghai Huadong Hospital and the Shanghai Pulmonary Medicine Hospital. These are the best Chinese hospitals in CT imaging and lung cancer treatment.
Owen: We have Professor Deng!The barrier to entry in to AI has been significantly reduced by opensource frameworks such as Google Tensor Flow.
Steve: Thank you Owen!
In the arena of AI, one advantage of MATRIX is that we have an integrated solution to protect the interests of data providers, model developers, and application designers. The blockchain is used as a trustworthy ledger to keep track of the data and model usage so that the contributions of data providers and model developers can share the return of applications. Another advantage is that we are able to organize the nodes on the blockchain into a super computer. Since only a small of number of nodes are involved in mining, the remaining nodes can export their computing power.
In terms of edge computing, MATRIX will integrate both cloud and edge computing models for IoT applications. In fact, the customized mining machines of MATRIX are just machine learning accelerators, which can be seamlessly integrated and used as the computing nodes in edge computing.
Owen: I do not believe this is a threat. The development of AI technology is still in its infancy. There is a large number of open-source projects that I’m sure will contribute to the development of the entire field. Everyone currently engaged in AI research and development can and must learn from one another to improve the technology for everyone.When will GPU mining be available?
Steve: No. Opensource frameworks actually ease the development of AI models because there is no need to worry about the implementation details. My students always use TensorFlow. Nobody would write CUDA programs like I did ten years ago!
Steve: GPU mining should be available in the summer of 2019. The plan is for FPGA mining to be available by the end of 2019.Will GPU and FPGA be used for both miners and validators or will validators require a different computing power configuration?
Steve: In the future, GPU and FPGA can be used for both miners and validators. Both miners and validators can use the same hardware setup.When will the pooling smart contract be available for mining & verification nodes? e.g. I don't have hardware & want to combine my 20k MAN with someone who has 80k MAN & hardware in order to qualify for verification node.
Owen: Pooling functions will be available shortly after the token swap is completed.When will the pooling smart contract be available for mining & verification nodes? e.g. I don't have hardware & want to combine my 20k MAN with someone who has 80k MAN & hardware in order to qualify for verification node.
Steve: I'd like to add a few comments about the AI AcceleratoMining Machine. We already support neural network processing as part of our vision for Green Mining.How important is the Bayesian Artificial Intelligence Learning Algorithm for Matrix' overall AI and blockchain technology implementation? I.e. how far spreading/where is the algorithm deployed internally (e.g. for big data analysis on chain, continuous blockchain parameter adjustment like block time, difficulty, within the GANs etc.) and externally (e.g. for medical screenings, financial services, logistics platforms etc.)? Would you consider Matrix' Bayesian Artificial Intelligence Learning Algorithm one of the centerpieces of Matrix that is one of its main value propositions?
The flexibility of the FPGA allows us to expand the number of models. MCMC is one such model. THE MCMC algorithm-based mining is actually ready. My students have already developed the hardware -- the so-called Bayesian computer to accelerate the MCMC algorithm. Right now, one concern about the practicality is that the verification of MCMC results requires a lot of network bandwidth.
Owen: We do! Though please forgive us as we are not ready to publicly share these plans at this time.
Steve: Happy cake day! Actually, there is not a single AI algorithm called Bayesian Artificial Intelligence Learning Algorithm. We are using many different AI algorithms to make MATRIX better. We use AI along with formal verification techniques for the security of smart contracts. We use AI to synthesize smart contracts from human languages. Even our miners are selected by an AI-based clustering algorithm. The integration of these algorithms into a blockchain, which is faster, safer, and smarter, that’s the value of MATRIX.How will money raised from the sale of Matrix FPGA miners be accounted for? What entity will register the profits and who ultimately controls those profits /losses ?
Owen: We will work with several partners to handle the sale of the Matrix Mining Machines. There are several benefits to current MAN token holders. For instance, those using mining machines to perform mining and verification tasks will of course need to stake tokens, this will have an impact on circulating supply. Additionally, these mining machines are quite efficient at performing mining and verification tasks, which will likely raise the difficulty of the network. While this will increase operational costs, it will also have a positive impact on token price."Matrix takes advantage of the distributed storage of blockchain, point-to-point transmission, consensus mechanism, encryption and other technologies to shield the complicated connection establishment mechanism, and makes use of peer-to-peer direct connections, safe communications and anonymous protection to accelerate disintegration of information islands and data silos"
Owen: I would say that your statement only covers one part of our future plans -- namely our plans for enterprise clients. We are also committed to providing services to individual users. We view individual users as being extremely important as well.Could we really see something of what you are doing in terms of projects, developments, etc. for example as short videos (if not under NDA)? Even small showcases would be awesome.
Owen: We plan to share updates regarding existing projects, developments and partnerships over the coming months. I can't say for sure whether this will be in video-form, but we will be updating the community as much as possible.Now that the main network is almost ready, when the wallets for Android and Ios will be released. Are they already working? Do you have an approximate date?
Owen: We are very happy that the Matrix Mainnet has launched. We estimate that we will released Android and IOS wallets approximately 2 months from now.Any estimate as to when the AI Medical Demo will be released?
Owen: We can share things about this now. I will instruct the team to prepare something for release over the next week or two.Thanks for doing this AMA! Will there be any dedicated wallet software for $MAN or potentially any plans to work with the Ledger community for integration? Planning on running a mining node and want to make sure my tokens stay safe!
Owen: We do have a software wallet. I expect it will be released in April. We are also in communication with other wallet providers to secure Matrix token support.What can we currently do on the mainnet?
Owen: In these first few days, you can only view mainnet progress on the blockchain browser – For instance, you can view things like TPS. In the testnet, we demonstrated over 5000 TPS. Our goal in the initial phase of the mainnet is to hit 10,000. After the token swap you will be able to stake masternodes. As apps are developed and released, you will be able to play with these as well.As with the latest test we've done so far.
Steve: We probably will not deal with the work splitting on a single node. Instead, we are developing a scheduling and mapping framework to distribute jobs to nodes on a blockchainMining question: Does it really make much diffrence when you use an “old processor” for example an AMD3 against to a newer one like AMD4?
Steve: It depends! For highly sequential programs, a new CPU only offers marginal, it any, performance improvement. But given a highly parallel workload and a massively parallel processor like GPU, a new one may offer a big edge.Do you think rival blockchains that don't utilise AI features such as GAN's etc will be surpassed very rapidly by AI assisted blockchains?
Owen: Absolutely! We strongly believe in the potential of AI blockchains. Steve: It's not such a simple question. Modern AI is not mature enough to independently handle various uncertainties in the real world. I prefer to say that blockchains with AI features will gradually gain an advantage.When independent audit PwC Ernest Young?
Owen: The first-year audit is currently being conducted by Ernst & Young.When is miner / verifier selection going to be known? When can the candidates expect to know if they're approved or not.
Owen: There is no approval process to staking a mining or verification node. If you stake enough tokens and have a suitable computer, you can stake a masternode.For Horse Saga, What currency will be used for buying and selling horses? I'm assuming Matrix, but can someone confirm this?
Owen: In Horse Saga, MAN tokens can be used to buy and sell horses. You can also win MAN tokens by playing the game -- for example, as you said, you can earn MAN tokens by winning races.Any update on EDF? It was announced in December.
Owen: This is still an existing project. You can expect further updates once the token swap is complete. We appreciate everyone who has shown interest in the EDF and thank them for their patience. I am sure it will result in some wonderful projects.At the moment EOS and TRON dominate the gaming Dapp space. Is Horse Saga the first step toward Matrix trying to seriously compete with these heavy hitters? I'd love to see more dapps developed on the network
Owen: To be honest, we believe that the approach of many other chains -- namely, simply throwing money at developers to developer DAPPs -- is not the best way as it results in a large number of low-quality applications. Our approach is different in that we want to focus on a smaller number of high-quality applications. Once the ecosystem is populated with high-quality applications, we believe that this will attract users and therefore more developers.I'm so excited to see how much this project will achieve in the future. Thank you for your hard and expert work! Question: Will the Matrix AI team be setting up a ValidatoMiner guide for non-developers? Outside of the developecomputer science community, I think many MAN token holders like myself would benefit from an easy-to-follow step-by-step guide in setting these up.
Steve: Yes. Actually, everything is for non-developers. Specific guides will be released. Also, we will eventually release programs that automate much of the process.What ai applications are you personally most excited about?
Steve: Right now, I am very excited about machines that think and learn like people. The essential thing about human beings is that they can learn how to learn. Intelligence is the ability to adapt to changes in the environment. So, I am also very excited about models that deal with these issues.Will Matrix have any involvement with this collaboration? https://www.media-outreach.com/release.php/View/6911/Arrow+Electronics+Teams+up+with+Thundersoft+to+Help+Asia+Engineers+and+Developers+in+Asia+Design+AI-Powered+Edge+Devices++++.html
Steve: At the time, there is nor formal collaboration between them and Matrix. However, I was recently invited as a guest speaker at their event in Hong Kong.Why is the load on cpu miners in testnet so low? about 10%
Steve: This is because in the tesnet we used a relatively lightweight mining algorithm.Will Steve Deng be growing a full mustache in the near future?
Owen: Kucoin is not the only place to complete the token swap. There will be several more options revealed soon.
|999.||A Silent Voice||2016|
|995.||A Close Shave||1995|
|993.||Bill & Ted's Excellent Adventure||1989|
|991.||The Long Goodbye||1973|
|990.||The Naked Gun||1988|
|989.||Son of Saul||2015|
|988.||Around the World in Eighty Days||1956|
|987.||Dawn of the Dead||1978|
|984.||The Asphalt Jungle||1950|
|983.||Ballad of a Soldier||1959|
|982.||The Man Who Wasn't There||2001|
|981.||Stairway to Heaven||1946|
|980.||The Twilight Samurai||2002|
|979.||The King of Kong: A Fistful of Quarters||2007|
|978.||Devils on the Doorstep||2000|
|977.||Make Way for Tomorrow||1937|
|976.||The Assassination of Jesse James||2007|
|975.||Wake in Fright||1971|
|974.||The City of Lost Children||1995|
|973.||The Virgin Spring||1960|
|971.||Lord of War||2005|
|970.||There's Something About Mary||1998|
|969.||28 Weeks Later||2007|
|968.||The Man Who Fell to Earth||1976|
|967.||The Enigma of Kaspar Hauser||1974|
|962.||Picnic at Hanging Rock||1975|
|957.||The Shop Around the Corner||1940|
|952.||The Breakfast Club||1985|
|951.||Burnt by the Sun||1994|
|950.||The Lady from Shanghai||1947|
|949.||The War Game||1965|
|947.||Ferris Bueller’s Day Off||1986|
|946.||The Wicker Man||1973|
|944.||The Naked Island||1960|
|943.||The Palm Beach Story||1942|
|942.||Knight of Cups||2015|
|941.||Road to Perdition||2002|
|940.||As Good as It Gets||1997|
|939.||The Place Beyond the Pines||2012|
|937.||The Gospel According to Matthew||1964|
|933.||Songs from the Second Floor||2000|
|932.||Anvil: The Story of Anvil||2008|
|931.||The Day the Earth Stood Still||1951|
|930.||In Cold Blood||1967|
|928.||The Adventures of Baron Munchausen||1988|
|922.||The Perks of Being a Wallflower||2012|
|920.||Stand by Me||1986|
|919.||A Brighter Summer Day||1991|
|918.||Stop Making Sense||1984|
|917.||Operation 'Y' & Other Shurik's Adventures||1965|
|915.||Close Encounters of the Third Kind||1977|
|913.||West Side Story||1961|
|911.||The Last Emperor||1987|
|905.||Cave of Forgotten Dreams||2010|
|904.||The Last of the Mohicans||1992|
|903.||The Day the Earth Stood Still||1951|
|902.||The Diving Bell and the Butterfly||2007|
|897.||The Lost Weekend||1945|
|893.||Seven Years in Tibet||1997|
|891.||Swiss Army Man||2016|
|886.||The Dark Valley||2014|
|883.||The Meaning of Life||1983|
|881.||Conan the Barbarian||1982|
|878.||The New World||2005|
|875.||Hell or High Water||2016|
|870.||Empire of the Sun||1987|
|868.||Man on Wire||2008|
|866.||The Curious Case of Benjamin Button||2008|
|865.||The Road Warrior||1981|
|864.||Kramer vs. Kramer||1979|
|863.||The Bourne Ultimatum||2007|
|861.||Shaun of the Dead||2004|
|859.||The Passion of the Christ||2004|
|856.||From Russia with Love||1963|
|854.||The Secret in Their Eyes||2009|
|851.||Straight Outta Compton||2015|
|843.||As I Was Moving Ahead Occasionally I...||2000|
|841.||The Truman Show||1998|
|840.||Syndromes and a Century||2006|
|838.||The Killing Fields||1984|
|837.||Confessions of a Dangerous Mind||2002|
|833.||Drowning by Numbers||1988|
|831.||All Is Lost||2013|
|830.||Enter the Void||2009|
|829.||Hunt for the Wilderpeople||2016|
|828.||The Hateful Eight||2015|
|827.||Under Pressure: Making 'The Abyss'||1993|
|825.||The Man Who Knew Infinity||2015|
|823.||Monty Python: The Meaning of Live||2014|
|821.||Lord of the Flies||1990|
|820.||Lock, Stock and Two Smoking Barrels||1998|
|812.||Kiss Kiss Bang Bang||2005|
|810.||The Wages of Fear||1953|
|802.||The Sound of Music||1965|
|801.||Pretty Village, Pretty Flame||1996|
|798.||Twin Peaks: Fire Walk with Me||1992|
|797.||Escape from New York||1981|
|795.||The Matrix Reloaded||2003|
|790.||28 Days Later...||2002|
|789.||The 39 Steps||1935|
|788.||Who's Afraid of Virginia Woolf?||1966|
|787.||The Phantom Carriage||1921|
|786.||The Cook, the Thief, His Wife & Her Lover||1989|
|780.||Planet of the Apes||1968|
|779.||Dog Day Afternoon||1975|
|776.||Kind Hearts and Coronets||1949|
|775.||Coffee and Cigarettes||2003|
|774.||Driving Miss Daisy||1989|
|773.||A Woman Is a Woman||1961|
|771.||Last Tango in Paris||1972|
|766.||The Three Burials of Melquiades Estrada||2005|
|764.||Kung Fu Hustle||2004|
|761.||The Longest Day||1962|
|758.||Breakfast at Tiffany's||1961|
|753.||I Am Cuba||1964|
|748.||What Ever Happened to Baby Jane?||1962|
|747.||The Thief of Bagdad||1940|
|746.||Nanook of the North||1922|
|745.||The Grapes of Wrath||1940|
|744.||The Life of Oharu||1952|
|743.||The Skin I Live In||2011|
|742.||Bridge of Spies||2015|
|741.||The Day of the Jackal||1973|
|738.||Rebel Without a Cause||1955|
|737.||Five Easy Pieces||1970|
|736.||The Imitation Game||2014|
|735.||Pirates of the Caribbean||2003|
|733.||I Stand Alone||1998|
|731.||The Great Train Robbery||1903|
|726.||Thelma & Louise||1991|
|725.||The Hurt Locker||2008|
|724.||O Brother, Where Art Thou?||2000|
|720.||Letters from Iwo Jima||2006|
|719.||Harry Potter and the Sorcerer's Stone||2001|
|718.||The Usual Suspects||1995|
|717.||Ivan Vasilievich: Back to the Future||1973|
|715.||In the Name of the Father||1993|
|712.||Zorba the Greek||1964|
|709.||The Raid: Redemption||2011|
|708.||Spring, Summer, Fall, Winter... and Spring||2003|
|702.||Bonnie and Clyde||1967|
|700.||Italian for Beginners||2000|
|699.||The King's Speech||2010|
|695.||Stranger Than Fiction||2006|
|694.||Going to Bed Under Difficulties||1900|
|693.||The 36th Chamber of Shaolin||1978|
|692.||A Hard Day's Night||1964|
|690.||This Is England||2006|
|689.||(500) Days of Summer||2009|
|688.||Nosferatu the Vampyre||1979|
|685.||The Magnificent Seven||1960|
|682.||A Single Man||2009|
|680.||Dead Poets Society||1989|
|678.||In the Heat of the Night||1967|
|677.||On the Silver Globe||1988|
|676.||The Scarlet Empress||1934|
|674.||Woman in the Dunes||1964|
|673.||Grave of the Fireflies||1988|
|672.||Bad Boy Bubby||1993|
|671.||Strangers on a Train||1951|
|670.||Gertie the Dinosaur||1914|
|669.||Lord of the Flies||1963|
|667.||The Invisible Man||1933|
|665.||From Dusk Till Dawn||1996|
|664.||A Beautiful Mind||2001|
|661.||How Far, How Near||1972|
|660.||The Royal Tenenbaums||2001|
|658.||You Can't Take It with You||1938|
|657.||Don't Look Now||1973|
|652.||Hannah and Her Sisters||1986|
|651.||The Iron Giant||1999|
|650.||My Fair Lady||1964|
|647.||The Best Years of Our Lives||1946|
|641.||The White Ribbon||2009|
|640.||Good Bye Lenin!||2003|
|638.||The Arrival of a Train||1896|
|634.||Stand by Me||1986|
|633.||Mr. Smith Goes to Washington||1939|
|631.||The Great Beauty||2013|
|627.||The Last Samurai||2003|
|624.||Divorce Italian Style||1961|
|623.||Up in the Air||2009|
|620.||Pierrot le Fou||1965|
|617.||Bunker Palace Hôtel||1989|
|616.||Duck, You Sucker||1971|
|615.||The Boondock Saints||1999|
|607.||The Big Feast||1973|
|606.||Catch Me If You Can||2002|
|599.||Killer of Sheep||1978|
|598.||Saturday Night Fever||1977|
|597.||Now You See Me||2013|
|593.||The Merchant of Four Seasons||1972|
|592.||Before the Devil Knows You're Dead||2007|
|591.||The Manchurian Candidate||1962|
|585.||The Nice Guys||2016|
|583.||A Trip to the Moon||1898|
|582.||I Spit on Your Grave||1978|
|581.||Star Trek: First Contact||1996|
|580.||House of Flying Daggers||2004|
|577.||The Spirit of the Beehive||1973|
|575.||I Don't Want to Be a Man||1918|
|571.||The Grand Budapest Hotel||2014|
|570.||The Life of Emile Zola||1937|
|569.||The Fifth Element||1997|
|568.||Butch Cassidy and the Sundance Kid||1969|
|562.||Branded to Kill||1967|
|559.||Fanny and Alexander||1982|
|557.||Kings of the Road||1976|
|556.||Enter the Dragon||1973|
|552.||Bugs Bunny Gets the Boid||1942|
|547.||A Pigeon Sat on a Branch Reflecting on Existence||2014|
|546.||Fiddler on the Roof||1971|
|544.||East of Eden||1955|
|543.||The Rocky Horror Picture Show||1975|
|542.||The Marriage of Maria Braun||1979|
|536.||V for Vendetta||2005|
|530.||Run Lola Run||1998|
|529.||It's Such a Beautiful Day||2012|
|526.||A Serious Man||2009|
|525.||Midnight in Paris||2011|
|524.||Crazy, Stupid, Love.||2011|
|519.||Steamboat Bill, Jr.||1928|
|517.||The Pink Panther||1963|
|514.||Encounters at the End of the World||2007|
|513.||Willy Wonka & the Chocolate Factory||1971|
|512.||Summer with Monika||1953|
|508.||Trouble in Paradise||1932|
|504.||All That Jazz||1979|
|502.||Let the Right One In||2008|
|499.||The Band's Visit||2007|
|498.||Shadow of a Doubt||1943|
|497.||Arsenic and Old Lace||1944|
|493.||The Elephant Man||1980|
|492.||The Wolf of Wall Street||2013|
|490.||All About My Mother||1999|
|489.||Hearts of Darkness: A Filmmaker's Apocalypse||1991|
|487.||A Woman Under the Influence||1974|
|484.||12 Years a Slave||2013|
|479.||Mutiny on the Bounty||1935|
|477.||Night and Fog||1956|
|476.||The Lady Eve||1941|
|475.||Inside Llewyn Davis||2013|
|473.||Dawn of the Dead||2004|
|472.||The Deer Hunter||1978|
|471.||Maria Full of Grace||2004|
|468.||The Bourne Identity||2002|
|467.||Atanarjuat: The Fast Runner||2001|
|466.||Chariots of Fire||1981|
|465.||Judgment at Nuremberg||1961|
|463.||My Life to Live||1962|
|462.||A Short Film About Killing||1988|
|457.||Dancer in the Dark||2000|
|456.||Fantastic Mr. Fox||2009|
|453.||The Twelve Tasks of Asterix||1976|
|452.||Touch of Evil||1958|
|449.||The Young Girls of Rochefort||1967|
|448.||The Seashell and the Clergyman||1928|
|447.||Man with a Movie Camera||1929|
|446.||Rome, Open City||1945|
|445.||The French Connection||1971|
|440.||The Sixth Sense||1999|
|439.||The Lion King||1994|
|438.||The Big Heat||1953|
|437.||His Girl Friday||1940|
|436.||Star Trek II: The Wrath of Khan||1982|
|434.||Dazed and Confused||1993|
|431.||The Maltese Falcon||1941|
|429.||Witness for the Prosecution||1957|
|428.||Do the Right Thing||1989|
|427.||Howl's Moving Castle||2004|
|426.||Children of Paradise||1945|
|425.||The Thin Man||1934|
|423.||Wings of Desire||1987|
|422.||Dial M for Murder||1954|
|421.||Mishima: A Life in Four Chapters||1985|
|419.||Belle de Jour||1967|
|418.||Ivan the Terrible, Part I||1945|
|417.||Time of the Gypsies||1988|
|415.||The Magnificent Ambersons||1942|
|413.||Salò, or the 120 Days of Sodom||1975|
|411.||Vivre sa vie||1962|
|410.||Gangs of New York||2002|
|409.||Pink Floyd: The Wall||1982|
|405.||The Last Picture Show||1971|
|403.||City of God||2002|
|402.||The Ten Commandments||1956|
|397.||Million Dollar Baby||2004|
|396.||Cool Hand Luke||1967|
|394.||A Fistful of Dollars||1964|
|392.||Decapitation in Turkey||1904|
|390.||Cat on a Hot Tin Roof||1958|
|388.||The Nights of Cabiria||1957|
|387.||From Here to Eternity||1953|
|384.||The Punch Bowl||1944|
|382.||On the Waterfront||1954|
|381.||Manchester by the Sea||2016|
|376.||The Cabinet of Dr. Caligari||1920|
|371.||La La Land||2016|
|370.||Days of Heaven||1978|
|362.||Mission: Impossible - Ghost Protocol||2011|
|361.||The Hidden Fortress||1958|
|358.||A History of Violence||2005|
|357.||Léon: The Professional||1994|
|356.||High and Low||1963|
|352.||An American in Paris||1951|
|351.||City of Women||1980|
|350.||The Social Network||2010|
|347.||Edge of Tomorrow||2014|
|342.||House of Games||1987|
|341.||The Phantom of Liberty||1974|
|339.||Rocco and His Brothers||1960|
|338.||A Trip to the Moon||1902|
|337.||The Dark Knight||2008|
|334.||The NeverEnding Story||1984|
|333.||Little Miss Sunshine||2006|
|328.||Dances with Wolves||1990|
|326.||Three Colors: Red||1994|
|322.||Lost in Translation||2003|
|321.||Memories of Murder||2003|
|320.||Antarctica: A Year on Ice||2013|
|319.||The Five Obstructions||2003|
|315.||The Earrings of Madame de...||1953|
|313.||The Cranes Are Flying||1957|
|311.||The Mother and the Whore||1973|
|310.||Back to the Future||1985|
|308.||The Blues Brothers||1980|
|306.||Three Colors: Blue|
|305.||Synecdoche, New York||2008|
|302.||The Man Who Shot Liberty Valance||1962|
|299.||The Name of the Rose||1986|
|298.||Being John Malkovich||1999|
|296.||The Piano Teacher||2001|
|295.||Y Tu Mamá También||2001|
|294.||The Life Aquatic with Steve Zissou||2004|
|292.||Monsieur Hulot's Holiday||1953|
|290.||The Human Condition I: No Greater Love||1959|
|289.||The Green Mile||1999|
|288.||Life of Pi||2012|
|286.||Children of Men||2006|
|285.||Eternal Sunshine of the Spotless Mind||2004|
|284.||Dressed to Kill||1980|
|279.||Good Will Hunting||1997|
|277.||The Philadelphia Story||1940|
|276.||The Man from Earth||2007|
|274.||Quest for Fire||1981|
|269.||To Kill a Mockingbird||1962|
|266.||My Neighbor Totoro||1988|
|265.||Le Cercle Rouge||1970|
|264.||The Shawshank Redemption||1994|
|263.||A Man for All Seasons||1966|
|261.||Into the Wild||2007|
|259.||Ace in the Hole||1951|
|258.||Master and Commander||2003|
|256.||Simon of the Desert||1965|
|254.||Down by Law||1986|
|253.||The Hunt for Red October||1990|
|252.||Stranger Than Paradise||1984|
|251.||No Man's Land||2001|
|249.||McCabe & Mrs. Miller||1971|
|248.||Buena Vista Social Club||1999|
|241.||Cries & Whispers||1972|
|239.||The African Queen||1951|
|235.||In the Realm of the Senses||1976|
|234.||Cleo from 5 to 7||1962|
|231.||Ali: Fear Eats the Soul||1974|
|227.||The Wild Bunch||1969|
|226.||The Great Dictator||1940|
|222.||In the Mood for Love||2000|
|220.||Why Does Herr R. Run Amok?||1970|
|218.||Beauty and the Beast||1946|
|216.||This Is Spinal Tap||1984|
|215.||The Tree of Life||2011|
|214.||All Quiet on the Western Front||1930|
|211.||A.I. Artificial Intelligence||2001|
|207.||Mad Max: Fury Road||2015|
|206.||The Triplets of Belleville||2003|
|203.||To Be or Not to Be||1942|
|202.||Fear and Loathing in Las Vegas||1998|
|201.||The Big Short||2015|
|198.||The Lives of Others||2006|
|195.||Hiroshima Mon Amour||1959|
|194.||Crimes and Misdemeanors||1989|
|191.||Throne of Blood||1957|
|188.||Indiana Jones and the Last Crusade||1989|
|187.||A Day in the Country||1936|
|186.||The Silence of the Lambs||1991|
|183.||Requiem for a Dream||2000|
|182.||The Exterminating Angel||1962|
|181.||The Gold Rush||1925|
|180.||Crouching Tiger, Hidden Dragon||2000|
|179.||Black Cat, White Cat||1998|
|178.||The Thin Red Line||1998|
|177.||American History X||1998|
|175.||Kill Bill: Vol. 1||2003|
|174.||The Princess Bride||1987|
|171.||The 400 Blows||1959|
|170.||Touching the Void||2003|
|168.||Au Hasard Balthazar||1966|
|167.||All About Eve||1950|
|164.||A Man Escaped||1956|
|163.||The Bridge on the River Kwai||1957|
|161.||The Young and the Damned||1950|
|160.||Black Hawk Down||2001|
|158.||F for Fake||1973|
|153.||Saving Private Ryan||1998|
|151.||E.T. the Extra-Terrestrial||1982|
|149.||The Umbrellas of Cherbourg||1964|
|145.||Last Year at Marienbad||1961|
|142.||The Holy Mountain||1973|
|141.||Jesus Christ Superstar||1973|
|139.||No Country for Old Men||2007|
|137.||Gone with the Wind||1939|
|136.||Once Upon a Time in the West||1968|
|133.||Jules and Jim||1962|
|130.||Hard to Be a God||2013|
|125.||Some Like It Hot||1959|
|123.||12 Angry Men||1957|
|121.||North by Northwest||1959|
|120.||The Treasure of the Sierra Madre||1948|
|118.||Ashes and Diamonds||1958|
|116.||The Red Shoes||1948|
|115.||A Fish Called Wanda||1988|
|110.||The Night of the Hunter||1955|
|107.||Un Chien Andalou||1929|
|106.||It Happened One Night||1934|
|105.||The Great Escape||1963|
|102.||The Act of Killing||2012|
|99.||The Big Lebowski||1998|
|92.||Singin' in the Rain||1952|
|90.||The Battle of Algiers||1966|
|89.||The Rules of the Game||1939|
|85.||Full Metal Jacket||1987|
|81.||Monty Python and the Holy Grail||1975|
|75.||The Adventures of Prince Achmed||1926|
|72.||Star Wars Trilogy||1977|
|70.||The Good, the Bad and the Ugly||1966|
|69.||Eyes Wide Shut||1999|
|67.||Once Upon a Time in America||1984|
|63.||The Awful Truth||1937|
|62.||Life Is Beautiful||1997|
|61.||Breaking the Waves||1996|
|56.||One Flew Over the Cuckoo's Nest||1975|
|54.||The Wizard of Oz||1939|
|50.||My Darling Clementine||1946|
|49.||Girls in Uniform||1931|
|46.||There Will Be Blood||2007|
|43.||Raiders of the Lost Ark||1981|
|40.||The Passion of Joan of Arc||1928|
|39.||Lord of the Rings Trilogy||2001|
|37.||The Godfather Duology||1972|
|36.||A Clockwork Orange||1971|
|25.||The Seventh Seal||1957|
|23.||Life of Brian||1979|
|20.||It's a Wonderful Life||1946|
|18.||Aguirre, the Wrath of God||1972|
|17.||La Dolce Vita||1960|
|10.||La Grande Illusion||1937|
|9.||Chimes at Midnight||1965|
|8.||Paths of Glory||1957|
|7.||The Third Man||1949|
|6.||Come and See||1985|
|3.||Lawrence of Arabia||1962|
|2.||2001: A Space Odyssey||1968|
SHANGHAI -- The shares of Chinese technology company QuantumCTek have set a record by soaring more than 1,000% on their first day of trading on the STAR Market in Shanghai, underscoring how China ... Leveraged margin trading has been seen as a major factor in pushing the A-share market to a seven-year high, with the benchmark Shanghai Composite Index more than doubling during the past year. Outstanding margin debt on exchanges has risen at the fastest pace since 2015, to more than 1.4 trillion yuan. Unlike in most major markets, China's individual investors account for the lion's share of local stock trading and have been prone to extreme swings in sentiment that can have ripple effects on the economy. The world has been on the edge over the last few days, first with the Greek referendum and then with the correction in China’s stock market threatening to send the financial world into a tailspin. The Greek referendum came and went, and the markets responded with unexpected calmness but the meltdown in Chinese stock and property markets is ... Shanghai has, nonetheless, made impressive progress. ... centers are lacking or underdeveloped in Shanghai. For example, margin trading — buying stocks borrowed from a broker — was only ...
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