Welcome to IOTAmarkets! -- IOTA is a quantum-resistant distributed ledger protocol launched in 2015, focused on being useful for the emerging m2m economy of Internet-of-Things (IoT), data integrity, micro-/nano- payments, and anywhere else a scalable decentralized system is warranted. IOTA uniquely offers zero fees, no scaling limitations, and decentralized consensus where users are also validators. The digital currency 'iota' has a fixed money supply with zero inflationary cost.
You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments. It all started with the release of the release of Satoshi Nakamoto's whitepaper however that will probably go over the head of most readers so we recommend the following videos for a good starting point for understanding how bitcoin works and a little about its long term potential:
Limited Supply - There will only ever be 21,000,000 bitcoins created and they are issued in a predictable fashion, you can view the inflation schedule here. Once they are all issued Bitcoin will be truly deflationary. The halving countdown can be found here.
Open source - Bitcoin code is fully auditable. You can read the source code yourself here.
Accountable - The public ledger is transparent, all transactions are seen by everyone.
Decentralized - Bitcoin is globally distributed across thousands of nodes with no single point of failure and as such can't be shut down similar to how Bittorrent works. You can even run a node on a Raspberry Pi.
Censorship resistant - No one can prevent you from interacting with the bitcoin network and no one can censor, alter or block transactions that they disagree with, see Operation Chokepoint.
Push system - There are no chargebacks in bitcoin because only the person who owns the address where the bitcoins reside has the authority to move them.
Low fee scaling - On chain transaction fees depend on network demand and how much priority you wish to assign to the transaction. Most wallets calculate on chain fees automatically but you can view current fees here and mempool activity here. On chain fees may rise occasionally due to network demand, however instant micropayments that do not require confirmations are happening via the Lightning Network, a second layer scaling solution currently rolling out on the Bitcoin mainnet.
Borderless - No country can stop it from going in/out, even in areas currently unserved by traditional banking as the ledger is globally distributed.
Portable - Bitcoins are digital so they are easier to move than cash or gold. They can even be transported by simply memorizing a string of words for wallet recovery (while cool this method is generally not recommended due to potential for insecure key generation by inexperienced users. Hardware wallets are the preferred method for new users due to ease of use and additional security).
Bitcoin.org and BuyBitcoinWorldwide.com are helpful sites for beginners. You can buy or sell any amount of bitcoin (even just a few dollars worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also check out the bitcoinity exchange resources for a larger list of options for purchases.
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Bitwage. Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".
Securing your bitcoins
With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
If you prefer to "Be your own bank" and have direct control over your coins without having to use a trusted third party, then you will need to create your own wallet and keep it secure. If you want easy and secure storage without having to learn computer security best practices, then a hardware wallet such as the Trezor, Ledger or ColdCard is recommended. Alternatively there are many software wallet options to choose from here depending on your use case.
If you prefer to let third party "Bitcoin banks" manage your coins, try Gemini but be aware you may not be in control of your private keys in which case you would have to ask permission to access your funds and be exposed to third party risk.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email! 2FA requires a second confirmation code to access your account making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
As mentioned above, Bitcoin is decentralized, which by definition means there is no official website or Twitter handle or spokesperson or CEO. However, all money attracts thieves. This combination unfortunately results in scammers running official sounding names or pretending to be an authority on YouTube or social media. Many scammers throughout the years have claimed to be the inventor of Bitcoin. Websites like bitcoin(dot)com and the btc subreddit are active scams. Almost all altcoins (shitcoins) are marketed heavily with big promises but are really just designed to separate you from your bitcoin. So be careful: any resource, including all linked in this document, may in the future turn evil. Don't trust, verify. Also as they say in our community "Not your keys, not your coins".
Where can I spend bitcoins?
Check out spendabit or bitcoin directory for millions of merchant options. Also you can spend bitcoin anywhere visa is accepted with bitcoin debit cards such as the CashApp card. Some other useful site are listed below.
Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out. If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. If you would prefer to keep it simple there are several good options. You can view the global node distribution here.
Just like any other form of money, you can also earn bitcoins by being paid to do a job.
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins.
The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
one bitcoin is equal to 100 million satoshis
1,000 per bitcoin
used as default unit in recent Electrum wallet releases
1,000,000 per bitcoin
colloquial "slang" term for microbitcoin (μBTC)
100,000,000 per bitcoin
smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki. Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval. Welcome to the Bitcoin community and the new decentralized economy!
This is a new post after some interest in a comment why I believed the S&P is going to 1700. Update 3: I am going to limit my answers in the comments guys; as the post becomes more popular it is becoming more diluted with snark etc. I don't expect anyone to follow my opinions; I just want to share one aspect of why I am making the trades I am. I maybe wrong. Random walk and all that.. Original Disclaimer: This is based on historical precedence and we are in unprecedented times but, with history as our guide a strong argument can be made for the S&P to decline to a level that is currently inconceivable.I have disclosed all my positions near the bottom. Update 1: Slightly long; happy to be challenged in the comments, it is late in the UK (2am) so may tidy it up and add more references and charts tomorrow.Update 2:Have expanded the post to answer as many comments and requests for references wherever possible and tagged in the requestors.
Intro: Are we in a recession?
If you believe so, or that we are heading into a recession then there are four things needed to support a genuine rally out of a recession
Improving economic health indicators
Accurate pricing reflecting the end of the recession and tempered optimism
We are missing 2 out of those 4 criteria; the overwhelming monetary and fiscal policy (world-records) are compensating for lack of positive indicators and volatile and bullishpricing.
What do you mean by pricing?
It can be argued that the current price of stocks is not discounting for the acute and likely chronic harm to consumer sentiment and spending power. For example; the UK clothing retailer Next Group closed their bricks and mortar stores (share price increased 4%) then they cancelled all online shopping (share price increased 3%) and finally they cancelled all orders with their supply chain (shares leapt 12.8% during the rally.) There is the massive amount of second, third and fourth order effects that this one company does to the UK economy (and Turkish factories). Suppliers, shipping, design, marketing etc all cancelled and the staff furloughed. This is one example but the indexes are currently full of similar examples and some analysts are ringing the alarm bells.
Lazard Asset Management are concerned that the pandemic “will persist longer than many investors suspect and that the economic damage will be deeper and potentially longer-lasting”.
Reddit is quick to mention that stonks only go up but there is some truth to that sentiment at present since any negative factors are dismissed as being priced in and all positive factors are heralded as a cause for stocks to rally. If priced in was accurate then we would not see record-beating market rallies back to back. 10% volatility swings over 48 hours is the very definition of not priced in. There is evidence to suggest that, well, the bullish sentiment is wrong and mainly because it is retail investors being taken for a ride whilst funds re-balance and offload. Retail traders "buying the dips" is normally a contrarian signal, meaning that it's time to sell. This section is for u/lntoIerant in response to a comment.
Edit to answer some comments about this portion thus far.
Do retail investors move the market?
No, they act as a sentiment indicator that the market is reaching a peak absurdity. Similar sentiments have preceded major recessions in the past. When you hear a layman offering stock tips or googling how to buy stocks then we are reaching the precipice of a depression. new market entrants are not the same as traditional retail investors.
Are retail investors buying in greater volumes?
That is hard to say because the majority of retail trades are done off-book. The trades are mixed in with portfolio moves or using the retail service which is a dark pool.
Are retail investors dumb money?
Well, no. Kind of. It depends. This white paper indicates that retail investors are more knowledgeable, more profitable and better informed than previously thought. However, a lot of their trades, as mentioned above, are done off-book as part of a larger portfolio and they simply lose a fraction of a basis point because market timing is not that critical.
What does this have to do with the S&P dividend and the EPS?
Major indexes are comprised of stocks that pay handsome dividends; normally 2% yield a year. The companies have reached their limit of growth (HSBC haven't discovered 5 million new customers and Shell are not finding new fossil fuels) so investors hold the stock for income-seeking reasons. The FTSE 100 was priced in to generate £89 billion in dividends for 2019 and £90 billion+ in 2020. That has largely collapsed. The only companies that pay dividends are those taking on debt to do so like Shell. And they have; a 10Bn credit line to maintain dividends. The Bank of Englandhad to slap 5 UK banks from issuing dividends at this time. That means that their primary valuations as income-generating stocks are questionable... ...especially since the dividends are not expected to return to the 2020 levels for another 10 years now. Edit to add: This portion is taken from the market report by BNY Mellon. You can see the chart here. The analyst is John Velis of BNY. Thanks to u/flash_aaaah_ahhhhh for prompting me.
“By 2021, the market expects dividends per share for the S&P 500 to be down to under $38 per share (a staggering 41 per cent drop from recent highs of approximately $63 per share) and then to start slowly rising again. Going out 10 years to 2030, the expectation is that dividends will just about recover to pre-Covid-19 levels.”
Main body: Onto the S&P
In 2021 the market expects the dividends per share for the S&P to be reduced to $38 per share. That is priced in and common knowledge. That is a 41% drop from the recent highs of $63 a share and seems alarming for income seeking investors since we are not expected to recover to those prices for 8-10 years. Source. But DataTrek have noted that we are still currently trading at 21X the trailing 10 year earnings of $122 a share. Dividends per share normally don't fall as far as earnings per share. But they are inverted at present. For the S&P to be trading at 2,650 level (or even higher) it means the market does not believe the pandemic or recession will have any long-term damage. That puts us squarely at odds with items 3 and 4 in our list of factors needed to exit a bear market.
In other recessions, including 2008, the dividend price per share drops approximately 12-15% but the earnings per share drop by considerably more; as much as 85%. That means that in 2008 financial crisis and subsequent bear market; the dividends per share dropped by a lower percentage amount than the total index value drop. You can see that in this chart here.
The market drop was approximately 56% and the Dividend drop was 14%
The market drop was 56% and the earnings drop was 85%
Right now, we have the reverse. Dividend share drop in this market is 41% (which is chilling) and market drop was approximately only 30% and rallying heavily back to the mid-20's only. That makes no financial sense unless the assets were being propped up by buyers...
S&P ATH: 3386 to 2488 on April 4th (26.5% drop)
S&P ATH Dividend: From $63 expected to $38 (a 41% drop)
S&P ATH EPS:
If the S&P follows the same playbook at 2008-9, then we would expect to see levels of around 1400 at the bottom but that seems extremely bearish expecting that this crisis is worse than 2008. If previous indications hold true, then we would expect the S&P to drop by approximately 50-60%ish at the true bottom to reflect the 41% decrease in expected shares plus additional discounts and negative market sentiment. In reality, we are probably likely to pull back to between 13X and 15X trailing average which puts the S&P between 1600 (low side) and 1800 (high side).
You are putting a lot of faith in a re-run of the 2008 crisis
I am. No doubt about it. After October 2008, stocks fell for another four months, piling up 40% of losses before the recently ended bull market began in March 2009.
New market indicators
Since I wrote this post, the DJIA was up over 4% and closed down on the day. Thank you to theTwitter feed of Jim Bianco for this: Since 1925 (95 yrs!), up more than 4% and closing down on the day has happened only one other time ... Oct 14, 2008 (Tsy Sec Hank Paulson forced the banks to take TARP money). The S&P 500 was up 3.5% at the high and closed down on the day. Since April 1982 (daily H,L,C began) has happened three other times...Oct 3, 08, Oct 14, 08, and Oct 17, 08. This mkt continues to trade like Oct 08. It was six months and another 25% down before the low. Bezinga are also playing up the 2008 similarities.
Why is bullish sentiment so wrong?
The negative reports are so wildly negative that the almost defy belief. We are dealing with insane numbers way beyond our traditional frame of reasoning. This is topped only by the insanity of the scale of quantitative easing. Less than a year ago, a small movement in the non-farm payrolls would lead to a 2-3% move in the markets; now we are hitting 700K jobs lost, a truly ugly number and the market rallies hugely. Future economic students will study this to try and understand what was happening. In the space of weeks the majority of the Western economies have swung to being effectively state-sponsored, centralised economies and no one really knows how to unwind these positions. It is impossible to reconcile being a bull with a centralised state economy and blue-chip stocks that refuse to pay dividends but the share price remains at the same levels as when they paid a 2% yield. The UK forecast is for the deepest contraction since 1900. Business surveys have shown activity crashing faster in March than during the financial crisis. The Office for National Statistics has published experimental research on the impact of Covid-19 on the economy.
With entire swaths of the economy having shut down “traditional forecasting methods become irrelevant”, warned Chiara Zangarelli, economist at investment bank Nomura.
Michelle Girard, economist at NatWest, said that while there was huge uncertainty about the precise magnitude of the contraction in gross domestic product in the second quarter, “there is little doubt that it will be off the scale” That is not a bullish sentiment. It means markets are acting irrationally since fundamentals are being dismissed as priced-in. In reality; nothing is priced in.
I am long VIX to 78 (expected by end of Apri but ideally by 24/4)
I am short India to 7800 (expected by 15/05)
I am short S&P to 2200 (expected by mid-late of May)and will be to 1810-50
I am short Dow to 19000 (expected by mid-late May)and will be again to 17000
I am short FTSE to 5200 and will be again to 4800 (expected by mid-late May)
No current active hedges / all spreads due to being tax free profits in the UK
Further spread betting the swings to the upside where I can to scalp
I am holding a portfolio of streaming services and gaming companies
I am holding Microsoft and Disney
I own a very small quantity of crypto, primarily XRP
Edit to add: So, your entire thesis is totally destroyed if companies keep paying dividends?
Yes. In a nutshell. But something else will be destroyed; the western taxpayer and future growth.
If companies are using 0% interest rates to take out loans and then transferring those loans a small 1% of the populace via dividends; that bill will come due to the citizen taxpayer and/or shareholder of the future
If companies are taking federal or governmental aid to furlough workers but still paying dividends to shareholders? That bill will come due to the citizen taxpayer and effectively is an even more extreme form of socialising market losses; it means that we truly can never have a correction since the top 1% will lose. Not lose the investment itself, which can rebound, but will simply lose the yield on an investment and only for a short period of time. If we have reached a point where that is considered unacceptable then we truly are living in a new socialist, centrally planned world.
Here is Tesco defending their decision today of £635m in dividends...despite receiving considerable amounts of VAT, Rates and Rental relief from the UK Government (£585m)...they have done an admirable job and are profitable but this market signal and their stated reasons for doing so are alarming.
CEO said 'every pound we receive [in rates relief] will be invested in ensuring Tesco is able to support British shoppers...' That is tax payers paying a subsidy to a free-market company for the ability to shop...and also... Mr Lewis said that the needs of savers and pension funds also needed to be considered in the debate around dividends. “We’ve thought long and hard about our responsibilities here . . . we are in a strong position to pay out for the benefit of those people
Edit to add: What about the FED and stimulus
u/tauriel81 and u/aliveintucson325 and u/100PERCENTYOLO_VEQT OK - to truly test my own assumptions; here is my argument AGAINST my position. The Fed have not quite printed money as Reddit loves to meme. They have issued liquidity and central banks worldwide have allowed banks to relax their requirement to hold reserves of cash. That injects money into the business world by allowing lending and borrowing to continue. It also reduces theoretical risk since the models are back within tolerance. When the time comes they will remove the credits gradually without causing hyperinflation. They do this by paying banks not to lend back into the system by holding a % of their assets at the Federal Reserve. So they pay the banks but the banks keep the deposit at the Fed and don't pass on the liquidity to potential borrowers..gradually and sustainably. https://www.aier.org/article/powells-new-monetary-regime/ That means the borrower of the future (home purchasers, entreprenuers etc) will have very few credit facilities available so RIP to the long-term economic growth. We also have unprecedented government support for citizens. The largest social security welfare plan since WW2, especially in Europe. If you believe that the Western economies can weather this storm using the bridging devices by central banks then it pays to dollar cost average into the market and keep buying the dips as a retail investor. Lots of buoyant news from European nations and China about the slowing pandemic is overwhelming the negative leading and lagging economic indicators about economic data. If you believe the economy can return to normal within 36 months, then it pay to be bullish and invest. If you are day-trading, swing-trading or short-term options trading then the overwhelming market moves are likely to crush people as the system flexes under lots of volatility. You are also likely prioritising the negative news and technical analysis in your filter bubble and de-prioritising the positive news particularly when that news is fiscal or monetary policy since those things are dry, boring and incomprehensible half the time. So you miss Fed backstops critical bankingi and instead hear UK Prime Minister in intensive care. If you want to know what is going on...
Look at the short term fundamentals
Zoom out. Re-look.
Zoom out to an even longer timeline. Re-look.
Zoom out to an even even longer timeline. Re-look.
Zoom out to an even even even longer timeline. Re-look.
Decide where you making a prediction. Plan your trade, trade your plan. How do the FED take money back out of the economy? They FED purchase the security initially to then sell it back to the asset-holder later. So the balance of credit-deficit merely swaps but by paying a small premium on the excesses that they hold, they can cushion the inflation or deflation of the currency. So, they effectively give the bank liquidity and then remove that liquidity later by passing the asset back...but also provide a small premium to cushion the blow; 50% of the premium is then held on Federal Reserve books so that the market is not flooded with new money. The FED previously reduced their balance sheet from $4.4 trillion to $3.7 trillion but it remains to be seen if they can unwind a position of this size.
2 out of the 4 necessities for exiting a recession are not present
S&P currently trading at 21X the trailing 10 year average dividend
In previous recessions a 50% drop in the market was accompanied by a 15% drop in dividends
Market analysts expecting for a 41% drop in dividends but only trading a 26% drop in the market. At present the S&P dividend per share drop is 41% but the S&P is rallying back to less than 20% drop...whilst dividends are not expected to return to 2019 levels of income for 8-10 years
In previous recessions the dividend per share drop is much less than the overall index drop
S&P highly overvalued, completely inverted when compared with dividend expectation and market dividend pricing
S&P pull back to 1600-1800 over short-medium time frame (1 month-6 months).
If market history is to be believed then 1400 is not unfeasible based on percentages but you have to be hoping for a total economic destruction for this to happen.; expect a total Governmental response if this happens.
If S&P continues to rise then it indicates companies are taking on debt or other instruments to pay dividends rather than innovate, upgrade or consolidate their business position which some are (Shell etc).
Economic data will eventually overpower the stimulus and the Coronavirus is not priced in; hardly anything is priced in and analysts are now saying so publicly.
TRADE OF THE DAY: AMD ($AMD) Sell $60 Put 25SEP (Cash-Secured Put) [08/11/20]
I'm proud to announce that I will be voting for Kony 2020! — Pre-Market Summary — S&P 500 futures hit a record high as investors shrugged off continuing U.S.-China tensions and instead focused on news of an approved, if largely unclear, Russian vaccine, and more stimulus optimism as President Donald Trump said he’s considering a tax cut on capital gains. According to Reuters calculations at the current levels, the benchmark index is set to open about 12 points below its Feb. 19 record peak of 3,393.52. American Airlines and Carnival led a boom in travel shares in the premarket. The S&P 500 closed less than 1% below its record high on Monday as investors extended a rotation into value stocks from heavyweight tech-related names. At 8:00 a.m. ET, S&P 500 e-minis were up 23.25 points, or 0.69%, topping an all-time high of 3,372.25 points last hit on Feb. 20. A rally in the tech megacaps including Amazon, Netflix and Apple that thrived during the shutdowns helped the Nasdaq reclaim its all-time high in June, while the Dow still remains about 6% below its peak. “Equity has never looked cheaper compared to fixed income and the like,” Jun Bei Liu, portfolio manager at Tribeca Investment Partners, said in a Bloomberg TV interview. “If you want any return, any yield, any income or even any growth you have to go to equities.” — Top Overnight News —
Britain’s mounting labor market crisis was underscored by a 220,000 slump in employment during the height of the coronavirus lockdown, the worst decline since the global financial crisis
Even as China continues to hit back at the Trump administration, leaders in Beijing are also signaling they want to ease tensions with the U.S. as the clock ticks down to the presidential election
Lebanon’s political leaders are expected to launch parliamentary consultations to choose a new prime minister after Hassan Diab’s government resigned on Monday over the devastating explosion at Beirut’s port
Hong Kong’s worst coronavirus outbreak is showing signs of coming under control as the city reported the lowest number of new local infections since its resurgence began over a month ago
— Trade Of The Day — Advanced Micro Devices (AMD) recently exploded higher from a well-established base, and we had this as our "trade of the day" shortly before it broke out for a 45% gain in about two weeks. At this point, many retail traders are "chasing" it higher, but we've learned over the years to nail the aggressive entry BEFORE it moves, not at the end of the move. After an explosive move like AMD's had, what can you do? SELL PUT OPTIONS! The price of AMD has moved down over the last couple of days and might give those who can sell options an opportunity to "get paid for the pullback." If I sell the AMD 25SEP $60 put options for at least a $.60 credit, I can immediately receive $60 per contract sold and that cash goes straight to my account balance. My obligation for receiving this cash is that I would commit to buying AMD should the price pull back to below $60/share by the 25th of September. I would want to buy that pullback entry anyway, but now I can get paid for watching AMD pull back in price. Should the price continue rallying higher, then my obligation to buy at $60/share simply evaporates after 25 September and I keep the $60/contract. Even if the price pulls back to $61/share by 25 September, I still keep the cash and let the obligation expire. Only if the price actually pulls back to $60/share or lower - highly unlikely barring some exogenous event - will I be required to do anything. This is a "cash-secured put option" play, meaning that I have to have the cash tucked away in my account to be able to fund that purchase of AMD stock should I be assigned on 25 September, and that amounts to having $6000 per contract available. This is the epitome of "passive income," being paid a 1% return on my capital for the next 45 days for doing absolutely nothing. We wrote a guide to Cash-Secured Short Puts that you can access here. Disclaimer — This is a trade idea meant to help anyone learning options or looking for outside opinion, not an instruction manual for what to do with your money. You are the only one responsible for your portfolio. Consider joining the tradoftheday subreddit to submit your own trade of the day & talk more about stocks / options / crypto / spacs / everything else trading! Cheers and beers, ReadySetTrade
TRADE OF THE DAY: Salesforce ($CRM) 202.5/205 Vertical Debit Call Spread 4SEP [08/04/20]
"Knowledge is power, France is Bacon" — Pre-Market Summary — S&P futures posted a rare overnight drop alongside shares in Europe as President Trump’s moves to force China-owned TikTok into a sale of its U.S. operations drew a sharp rebuke from Beijing, ratcheting up tensions as the world slides into a pandemic-fueled recession; at the same time a string of poor earnings illustrated the continuing hit from the pandemic while jittery investors also awaited news on whether fresh fiscal stimulus in the U.S. will get approval. The dollar reversed overnight losses and 10Y yields tumbled back to all time lows. On Monday, the S&P 500 closed Monday within 3% of its all-time high, powered over the past four months by a stimulus-led rebound and a rally in tech-related stocks including Apple Inc, Netflix Inc and Amazon.com Inc. In earnings-related news, insurer AIG fell 2.8% in premarket trading after posting a 56% fall in quarterly adjusted earnings. Take-Two Interactive Software Inc O) rose 4.7% as it raised its annual adjusted sales forecast on demand for its videogame franchises “Grand Theft Auto” and “NBA 2K”. Rival Activision Blizzard Inc gained 3.8% ahead of its results due after the closing bell. "We see U.S. stocks at risk of fading fiscal stimulus," BlackRock Investment Institute strategists led by Mike Pyle wrote in a note. “U.S. employment figures are in focus this week as this fiscal cliff nears and the pandemic’s spread in Sunbelt states is starting to affect economic activity.” "Three months to go until the U.S. Presidential election! Surely Congress will want to get something over the line regarding new stimulus in the U.S. driven more by politics than necessarily economics," said Chris Bailey, European strategist at Raymond James. — Top Overnight News —
House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin head into another round of negotiations on a new virus relief package after talks on Monday yielded “a little bit” of progress
With the talks dragging on, President Donald Trump on Monday said he was considering executive action to restore a moratorium on evictions that expired, and the White House was looking at other steps the administration could take without action by Congress
China’s government may take action against Washington, if a sale of TikTok’s U.S. operations to Microsoft Corp. is forced, the state-run China Daily said in an editorial
California and Arizona reported fewer new coronavirus cases after battling a surge in infections last month, while Germany and Poland recorded increases
BP Plc slashed its dividend for the first time in a decade after the coronavirus pandemic upended the oil business
We've lost some edge on this entry but it should still persist into earnings, which are in the latter part of August. An entry at $203 would carry a stop-loss of $190/share. A Robinhood small account holder using a $1000 account with fractional shares would note that the gap between entry and "stop" is $13, which should represent a risk of no more than 2% to your account, which ends up being $20 of risk for a $1000 account. This $20 of risk on a $13 price move means that we'd use a 1.538 share size of CRM, using up $312 of capital, with a maximum risk figure of $20 to your account if you enforce the stop loss at $190. The price target would be a measured move to $220, so the reward-to-risk of this trade is 1.3 to 1.
Alternatively, you can trade a small options account with the leverage of 100 shares of CRM stock by using options. The CRM 4SEP 202.5/205 vertical debit call spread (buy the 202.5 & simultaneously sell the 205. Here's how you'd set it up in Robinhood) would be purchased for a maximum of $125/contract, which represents your max risk. This would require a $6250 account to keep the risk to 2% of your account, with a profit target of a 50% gain.
Why going through the bother of setting up a vertical spread position? Why not just buy the long put option? COST. Home runs are great but you can win more often with a lot of base hits, and that's what the vertical spread gets you. Read our guide on using Vertical Debit Spreads here! Disclaimer — This is a trade idea meant to help anyone learning options or looking for outside opinion, not an instruction manual for what to do with your money. You are the only one responsible for your portfolio. Consider subscribing to the tradoftheday subreddit to submit your own 'trade of the day' & talk more about stocks / options / crypto / spacs / everything else trading! See you there! Cheers and beers, ReadySetTrade
Welcome to the Quant Network Sub-Reddit. Please read through this pinned message, it will provide an overview and a pool of resources. Most of the community discussion and activity is on Telegram (Official Telegram). Also make sure to follow the team on Twitter. Token Details: Ticker: [QNT] Exchanges:
Weekly Update: 24 crypto assets live on ParJar fiat on/off ramp, FantomVision PWA, $LINK + Voyager, $GHOST for $ESH Hodlers... – 17 Apr - 23 Apr'20
Hiya folks! Hope the shelter-at-home is treating you well. As you might know that the super cyclone Amphan struck Eastern India and Bangladesh day before yesterday. As a result, I went into radio silence for two days. Now that I am back in the grid (albeit with ultra-super slow internet; this post took 4+ hours of retries just to upload pictures), let’s get rolling with the weekly update catch-up series again. Here’s your week at Parachute + partners (17 Apr - 23 Apr'20): 24 cryptocurrencies are now live on ParJar for trading with fiat in Europe, India and UK. This is massive! The new ParJar and #cryptoforeveryone masks look great Clinton! Designers in Parachute, Clinton is looking for fresh original designs for merchandise in the Parachute Shop. You can bag some cool $PAR and discount codes if your art makes it to the store. The #par4par raffle currently has a 500k $PAR prize pool. If you have 10k $PAR in your ParJar, you can claim a ticket. Get in on it! Foo hosted a Parena so that winners can get a taste of the raffle with their prize $PAR. Bose hosted a random TTR trivia this week for a 10k $PAR prize pot. Don't forget her rules: "you argue and you're wrong, you skip next question". Gamerboy's Tiproom quiz theme was a secret. Did you find out what it was? Charlotte’s Tuesday TTR trivia was fun as always. Victor hosted an animal-themed trivia for 1k $PAR in prize per question. Two-for-Tuesday continued with the ongoing series of letters. This week Gian got Parachuters to post music "featuring bands or artists whose name starts with the letters M, N, O or P". As always, super thankful for the playlist Sebastian! 136 music videos in total. Dang! Jason’s #wholesomewed prompt involved Parachuters sharing unconventional art pieces. "They can be made by you or someone else". Visit the Parachute Shop for more epic merch like these Uber cool #wholesomewed entries by (clockwise from top left) Fakhir, Erol, Pars, Georg, Eric, OilJam, Peace Love Click here to track this week’s aXpire burn transaction. CEO Gary Markham wrote about Time Recording in his latest blog post. More insights into 2gether’s study about women in crypto were released. This is part of their original study report on female crypto consumers which was first published in March. $BOMB founder Zachary Dash set the ball rolling on a proposal system for brainstorming on ideas for the project. Click here for a sample proposal. For #XIOSocial discussions, Citizens talked about what interest rate would be ideal for $XIO when the dApp launches. $LINK was added to Voyager’s platform this week. Click here for the full range of available assets. Voyager also featured in MyFirstBitcoin.info's list of "Where To Buy Bitcoin". They also launched an integration with crypto trading education platform Market Rebellion this week. Switch announced that $ESH token holders will be eligible to claim John McAfee-backed $GHOST coins on 25th May. News of Ghost’s launch was shared in bitcoin.com, Cointelegraph, CoinPedia, Crypto News Flash and CryptoNewsZ. Neva Fomo’s review of SwitchDex was released this week. The winners of the #BUIDLonFantom Developer contest were announced this week. The FantomVision block explorer was upgraded to a Progressive Web App (PWA) which can be installed on your device as an application. The team hosted a monthly AMA in their Discord. This will be happening every month from now. A new technical paper on smart was contracts was published as well. Bitcoin is a clear favourite for trading among female users Bounty0x’s fundraiser on Republic came to a close this week with funding crossing over targeted amount by nearly three times. Founder Angelo Adam also shared a sneak peek into how the Hypedia platform could look like. Uptrennd Head of Community, Luke, started an #InfectedWithGratitude giveaway that brought 2 days of wholesome joy to the community. Founder Jeff Kirdeikis sat down for an Altcoin Buzz interview to talk all things crypto. IOST joined Uptrennd this week. Coingecko joined in the fun too. Awesome! Congratulations on onboarding 30k+ new users in 2020 alone. The team also set the ball rolling for a community-powered blockchain awards. The District0x District Weekly can be read here. Meme Factory now has a fixture inside the virtual world of Cryptovoxels. Hydro made it to the semifinal round of Ground Up Ventures’ March Madness Startup Competition. Congrats! With news of Google’s smart debit card leaking out recently, the team at Hydro discussed the implications of the tech giant entering digital banking. They also wrote at length about FinTech in Brazil and strategies to bank the unbanked. The team also made a presentation at the Canada FinTech Summit this week. For the latest Sentivate development updates click here, here, here and here. SelfKey’s $KEY token was listed on Kyber Network this week. Read more details here. The team opened up an AMA questionnaire form for the community. AMA date not decided yet. They are also hiring currently. Apply if you’re up for it. SimpleSwap listed $KEY and joined SelfKey’s Crypto Exchange Marketplace. To learn more about Constellation’s ERC20 to mainnet $DAG swap, click here. COTI crew sat down for an AMA with KuCoin this week. The KuCoin staking campaign (announced last week) reached its cap within 5 minutes of opening up. If you were hoping to be a mode operator, hope you reached out to the team on time. To read the fee policy, click here. $COTI will be listed on Coinbit next week. Main registration for Staking 2.0 was started. The Hypedia mockups look great! Pynk is now SEIS/EIS approved which entitles investors in its fundraise round to tax benefits. Wibson hosted an online meetup with Crypto Resources Academy for their Spanish community. This was followed by an ETHSantiago meetup to discuss data privacy. Harmony founder Stephen Tse was part of a Miami DevCon Fintech panel to talk about DeFi and blockchain in finance. Also, congratulations on becoming the top blockchain project by GitHub activity. Stake Heist was formally opened with bounties to find bugs in the Open Staking Testnet Network and build stuff on it for some sweet $ONE. Delegators were also invited to test the staking dashboard in return for $ONE prizes. Watch more about it here. $ONE got listed on WazirX. Ankr published a comprehensive Open Staking node setup guide. Another major announcement this week was that a chunk of block rewards from staking in the phase 2 testnet will be converted to mainnet $ONE. Woohoo! Click here for an early sneak peek into the new IntelliShare website. A quick introduction of the testnet Pacific Program was also released. In his latest article, GET Protocol CEO Maarten Bloemers expanded on the significance of contactless ticketing in the post-coronavirus world. The article was an excerpt from the team’s submission to the Dutch Ministry of Public Health, Welfare and Sport to explore possible opportunities. Maarten was interviewed by HKB News of Korea where talked about all things GET. Their crowd management solution was featured on Cointelegraph as well. And with that, we have to say Bye for now. See you again with another update. Cheerio!
Hi everyone! We have caught up with the latest week again. Woohoo! Here’s your week at Parachute + partners (27 Mar - 2 Apr'20): The Parachute crew filed a patent this week focused on chat-based payments using blockchain. Gamerboy’s latest TTR trivia was based on scientific names. Congratulations to Foo for winning this week’s Parena. One of the rare moments when a host wins Parena. Woot! We also had a flash Parena which saw Nuno’s Macaque beat Foo’s Tapir in a closely fought finale to take home 10k $PAR. And another Parena to mark the start of April. Whew! Victor hosted a fun trivia in TTR this week. The tiproom crew also hosted a photo contest to break away from the quarantine blues with a 30k $PAR prize pot. A surprise CoD game hosted by Tavo saw 5k+ $PAR being given away in prizes. He also held a qualifier battle royale round this week in preparation of a new season. Mark (@Kryptopia) launched the beta version of his Crypto Leagues trading game this week with the inaugural league having some cool $PAR prizes. It’s a crypto trading simulation game where you can compete with friends and family. Jason started his #wholesomewed early and made it a week-long event – "..do something helpful or nice for a stranger. It can be as small as finding some toilet paper for someone..". For Two-for-Tuesday, folks posted music from "bands or artists whose name starts with A, B, C or D". Thanks again Sebastian for making the playlist! A Tuesday special random TTR trivia had 500 $PAR in rewards per question. DoYourTip and Tiproom gear are now available in the Parachute shop. Cool! The first ever Crypto League had $PAR prizes for the top traders. Cool! Ethos’ parent company Voyager completed its acquisition of Circle Invest with converting all 40k accounts to Voyager. Sentivate released their public and private project decks. The latest browser update includes support for torrents. For other dev updates, click here, here, here, here (thread) and here. Not yet on the Mycro Hunter App? Click here to see how to sign up. OST launched Meetly this week – a directory of #StayAtHome events across the world. SelfKey fans, hope you didn’t forget to share your ideas on getting the Wallet App into more hands. ExMarkets joined SelfKey’s crypto exchange marketplace. The team also shared a few wealth management tips in their latest blog post. How does $KEY act as a reputational element in a distributed system? Read here. Yazom announced that the app was ready for release and awaiting approval from Play Store. Wibson launched MyCovidRisk to detect possible COVID-19 infections using location history. DoYourTip and Intellishare did a crossover social media giveaway starting this week with cool $DYT and $INE prizes for some fun activities. Jobchain website had an upgrade. Click here to read GET Protocol’s latest monthly update report. COTI introduced their latest staking model this week. The new mechanism will allow more volume and participants. Early registration for Staking 2.0 was started as well. Staking rewards for March were distributed. Following last week’s airdrop, DoYourTip community decided to airdrop even more $DYT to wallets that never held any. For this they will be conducting a series of votes to select the project whose HODLers will receive the airdrops. The first two of these polls (1, 2, 3) happened this week. Plus, another bonus bounty for $DYT fans. The giveaways never end! $DYT’s price metrics were added to Coinpaprika and Etherscan. A new league in the Crypto Leagues gaming platform was also launched with $DYT prizes. An early sneak peek of SelfKey’s next desktop version update BlockDaemon joined Harmony as a staking partner this week. Remember the partnership with privacy protocol solution Suterusu announced last week? This week, the team also hosted an AMA with their CTO, Dr. Lin Huang. MoonStake became the latest staking platform to add Harmony and their partner BinaryStar announced support for community and marketing activities for Harmony in Japan. For the latest #pow thread, video summary and community update for the week gone by, click here, here and here respectively. A demo video of the NFT Store dApp was also released. Wetez became the latest staking partner of Harmony. Click here to read their AMA transcript. Hope you got a chance to share your feedback on the updated proposal for staking economics submitted by Co-founder Nick White which was formalised into a new tokenomics model. This release was followed by an AMA announcement for next week to discuss this in detail. For the TLDR, click here. Blockchain-based communication platform Debrief joined hands with the project to build dAPI middleware on the Harmony platform. The network experienced a temporary outage this week which was restored quickly. The team did a close inspection of a consensus issue and resolved those as well. A new contest was announced where validators now stand a chance to win 3 months of free computing power on AVS or Vultr. All internally mined $ONE tokens will be burned leading to nil inflation of token supply. Here’s a video summary that explains the burn. BitMax announced staking support for Harmony. Plus, validators can now track their nodes through Telegram. That is awesome! A .crypto domain giveaway was a great way to end the week on a high. The new $ONE economic model For the weekly aXpire update, click here. COO Matthew Markham wrote about why expense allocation is an important consideration for fund managers and about the applications of machine learning in law firms. Next week, CEO Gary Markham will be speaking at a webinar by Hedge Fund Association on cost containment strategies which aXpire is also sponsoring. Have you read the 2gether manifesto yet? Click here if you haven’t. Want to make a poster out of it? Here ya go! The results of the private beta testing of the XIO portal were compiled with a follow-up AMA to happen soon. To catch up on the latest news at Fantom, have a read of their project update. They also announced that Chainlink will be the official oracle solution across the FTM network. Validators were informed to upgrade their nodes in preparation for an upcoming network update. Hope you had a moment to take part in the first ever Uptrennd Talent Show. As promised last week, the Digibyte review report came out this week. Click here to have a read. Read the Uptrennd manifesto, yet? Don’t miss the project’s ethos video either. Entries for the latest Article-of-the-Month contest opened up this week. Plus a meme contest for our memelords. Get on it! The District0x Weekly and Dev Updates covered a lot of ground this week. Matic Network’s Sandeep Nailwal sat down for an interview with Brady in this week’s Dapp Digest. Plus, Meme Factory is starting a verified artists system through an invite-only ambassadors program. Hydrogen integrated real estate data provider Zillow to its platform this week. The project also announced a partnership with FinConecta to help legacy financial firms move to a Banking-as-a-Service model. The team’s tips on BCP (business continuity plan) is a helpful guide for all fintechs. And with that, it’s a wrap. See you again with another update. Ciao!
Crypto-Powered: Understanding Bitcoin, Ethereum, and DeFi
Until one understands the basics of this tech, they won’t be able to grasp or appreciate the impact it has on our digital bank, Genesis Block. https://reddit.com/link/ho4bif/video/n0euarkifu951/player This is the second post ofCrypto-Powered— a new series that examines what it means forGenesis Blockto be a digital bank that’s powered by crypto, blockchain, and decentralized protocols. --- Our previous post set the stage for this series. We discussed the state of consumer finance and how the success of today’s high-flying fintech unicorns will be short-lived as long as they’re building on legacy finance — a weak foundation that is ripe for massive disruption. Instead, the future of consumer finance belongs to those who are deeply familiar with blockchain tech & decentralized protocols, build on it as the foundation, and know how to take it to the world. Like Genesis Block. Today we begin our journey down the crypto rabbit hole. This post will be an important introduction for those still learning about Bitcoin, Ethereum, or DeFi (Decentralized Finance). This post (and the next few) will go into greater detail about how this technology gives Genesis Block an edge, a superpower, and an unfair advantage. Let’s dive in… https://preview.redd.it/1ugdxoqjfu951.jpg?width=650&format=pjpg&auto=webp&s=36edde1079c3cff5f6b15b8cd30e6c436626d5d8
Bitcoin: The First Cryptocurrency
There are plenty of online resources to learn about Bitcoin (Coinbase, Binance, Gemini, Naval, Alex Gladstein, Marc Andreessen, Chris Dixon). I don’t wanna spend a lot of time on that here, but let’s do a quick overview for those still getting ramped up. Cryptocurrency is the most popular use-case of blockchain technology today. And Bitcoin was the first cryptocurrency to be invented.
Bitcoin is the most decentralized of all crypto assets today — no government, company, or third party can control or censor it.
Bitcoin has two primary features (as do most other cryptocurrencies):
Send Value You can send value to anyone, anywhere in the world. Nobody can intercept, delay or stop it — not even governments or financial institutions. Unlike with traditional money transfers or bank wires, there are no layers of middlemen. This results in a process that is much more cost-efficient. Some popular use-cases include remittances and cross-border payments.
A few negative moments in Bitcoin’s history include the collapse of Mt. Gox — which resulted in hundreds of millions of customer funds being stolen — as well as Bitcoin’s role in dark markets like Silk Road — where Bitcoin arguably found its initial userbase. However, like most breakthrough technology, Bitcoin is neither good nor bad. It’s neutral. People can use it for good or they can use it for evil. Thankfully, it’s being used less and less for illicit activity. Criminals are starting to understand that transactions on a blockchain are public and traceable — it’s exactly the type of system they usually try to avoid. And it’s true, at this point “a lot more” crimes are actually committed with fiat than crypto. As a result, the perception of bitcoin and cryptocurrency has been changing over the years to a more positive light. Bitcoin has even started to enter the world of media & entertainment. It’s been mentioned in Hollywood films like Spiderman: Into the Spider-Verse and in songs from major artists like Eminem. It’s been mentioned in countless TV shows like Billions, The Simpsons, Big Bang Theory, Gray’s Anatomy, Family Guy, and more. As covid19 has ravaged economies and central banks have been printing money, Bitcoin has caught the attention of many legendary Wall Street investors like Paul Tudor Jones, saying that Bitcoin is a great bet against inflation (reminding him of Gold in the 1970s). Cash App already lets their 25M users buy Bitcoin. It’s rumored that PayPal and Venmo will soon let their 325M users start buying Bitcoin. Bitcoin is by far the most dominant cryptocurrency and is showing no signs of slowing down. For more than a decade it has delivered on its core use-cases — being able to send or store value.
At this point, Bitcoin has very much entered the zeitgeist of modern pop culture — at least in the West.
When Ethereum launched in 2015, it opened up a world of new possibilities and use-cases for crypto. With Ethereum Smart Contracts (i.e. applications), this exciting new digital money (cryptocurrency) became a lot less dumb. Developers could now build applications that go beyond the simple use-cases of “send value” & “store value.” They could program cryptocurrency to have rules, behavior, and logic to respond to different inputs. And always enforced by code. Additional reading on Ethereum fromLinda XieorVitalik Buterin.
Because these applications are built on blockchain technology (Ethereum), they preserve many of the same characteristics as Bitcoin: no one can stop, censor or shut down these apps because they are decentralized.
Just as tokens grew in popularity in 2017–2018, so did online marketplaces where these tokens could be bought, sold, and traded. This was a fledgling asset class — the merchants selling picks, axes, and shovels were finally starting to emerge.
I had a front-row seat — both as an investor and token creator. This was the Wild West with all the frontier drama & scandal that you’d expect.
Binance — now the world’s largest crypto exchange —was launched during this time. They along with many others (especially from Asia) made it really easy for speculators, traders, and degenerate gamblers to participate in these markets. Similar to other financial markets, the goal was straightforward: buy low and sell high. https://preview.redd.it/tytsu5jnfu951.jpg?width=600&format=pjpg&auto=webp&s=fe3425b7e4a71fa953b953f0c7f6eaff6504a0d1 That period left an embarrassing stain on our industry that we’ve still been trying to recover from. It was a period rampant with market manipulation, pump-and-dumps, and scams. To some extent, the crypto industry still suffers from that today, but it’s nothing compared to what it was then.
While the potential of getting filthy rich brought a lot of fly-by-nighters and charlatans into the industry, it also brought a lot of innovators, entrepreneurs, and builders.
The launch and growth of Ethereum has been an incredible technological breakthrough. As with past tech breakthroughs, it has led to a wave of innovation, experimentation, and development. The creativity around tokens, smart contracts, and decentralized applications has been fascinating to witness. Now a few years later, the fruits of those labors are starting to be realized.
I know that for the hardcore crypto people, what we covered today is nothing new. But for those who are still getting up to speed, welcome! I hope this was helpful and that it fuels your interest to learn more. Until you understand the basics of this technology, you won’t be able to fully appreciate the impact that it has on our new digital bank, Genesis Block. You won’t be able to understand the implications, how it relates, or how it helps. After today’s post, some of you probably have a lot more questions. What are specific examples or use-cases of DeFi? Why does it need to be on a blockchain? What benefits does it bring to Genesis Block and our users? In upcoming posts, we answer these questions. Today’s post was just Level 1. It set the foundation for where we’re headed next: even deeper down the crypto rabbit hole. --- Other Ways to Consume Today's Episode:
We have a lot more content coming. Be sure to follow our channels: https://genesisblock.com/follow/ Have you already downloaded the app? We're Genesis Block, a new digital bank that's powered by crypto & decentralized protocols. The app is live in the App Store (iOS & Android). Get the link to download at https://genesisblock.com/download
physical mining, gems production lines and adornments retailers from around the globe, https://preview.redd.it/9dpn9e36wq051.png?width=796&format=png&auto=webp&s=f27d42b4088e5a9a4c16126e66ec64310f7dd119 Hi everybody this time, I am going to give you a short outline of the * Goldario * venture, so read it cautiously, read it apparently, and realize how helpful it is for you later on. Goldario made a stage for its gems biological system and utilized its budgetary model on the blockchain. This is the tokenization of a current emerald mine, a stone cutting and cleaning plant, an adornments manufacturing plant and a system of retailers. Specifically, along these lines, it permits individuals with lower venture lows and individuals with high total assets or comparable institutional financial specialists. This makes an environment wherein individuals can exploit their situation in the fundamental business, get productive intermittent advantages and profits. Goldario is the aftereffect of an effective framework business in Brazil. To extend our exercises far and wide, we have created explicit plans and yearning plans that we would like to accomplish through worldwide participation with financial specialists. The essential thought of business is as per the following. Goldario tries to saddle the intensity of inventive blockchain innovation and supplant the whole ecological cycle: legitimately from metal mining to completed retail items and achievements. Utilizing blockchain, cryptography and keen agreements, it looks to expand trust between the gatherings to the exchange, permitting exchanges to be led in straightforward registers. Moreover, through the mix of cutting edge innovations, for example, AI, AI, enlarged reality, geographic area following, blockchain and keen agreements, Goldario offers budgetary instruments that are unmatched in the conventional money related present reality. ABOUT GOLDARIO PROJECTS. Goldario is the principal stage on the planet that tries to change the ecological pattern of mining valuable metals (gold), stones (emeralds), adornments and retail organizations. This monetary instrument is an advanced piece of gold and emerald mines and its own gems creation for the worldwide market. Our view We intend to reform the whole eco-style of the adornments business utilizing the most recent advancements, to be specific blockchain, cryptography, keen agreements, AI and Fintech. We endeavor to make a biological system in which it will be simpler for people - both customary buyers and institutional financial specialists - to put resources into organizations that are bolstered by a full environment of valuable metals, stone production lines, adornments and retail, just as keep up security and examining. openings and liquidity. Our main goal Goldario endeavors to turn into the world's driving foundation of decision for shoppers and ventures occupied with the gems business. It plans to empower clients to acquire and claim physical mining rights, adornments makers and gems retailers from around the globe, and in this manner make the benefits that underlie the potential help for Goldario tokens (GLD) . https://preview.redd.it/mmzbikudwq051.png?width=1913&format=png&auto=webp&s=15d6f209af1d9ad42eb6d37f02832efc5a8dea6e HOW IT WORKS? ● John likewise prescribed selling GLD tokens to one of his companions, Tom, who chose to purchase a one hundred thousand US dollar token. As a commission, he gets a specific level of the sum bought by his companion/referral. ● Now a similar referral is Tom, and afterward different companions, for example, Emma, who made a speculation/buy in the measure of GLD Tokens in the measure of $ 5,000. Consequently, while Emma's buy will allow Tom the option to get a prize, a specific level of the prize will likewise be given to John as the primary connection. GLD TOKEN FEATURES: ● Scalability. GLD tokens can process any number of exchange volumes - whenever - without the chance of disappointment or the presence of indications of stoppage. In contrast to the brought together money related structures of uses and installments, there is no single purpose of disappointment, and all exchanges are open and straightforward to the whole network. ● Decentralization. GLD tokens are decentralized and network possessed. Done on the Ethereum arrange, which ensures the nonattendance of an essential issue of disappointment or bureaucratic control. ● Security. For advanced and arrange resources, GLD Token uses Ethereum-based proof of work to affirm exchanges, guaranteeing that no programmers or gatecrashers can control any exchanges. ● least expense GLD tokens will offer charges that are fundamentally lower than other huge online installment frameworks that permit clients to send, get or execute any GLD tokens with insignificant expense. ● Interchangeable GLD tokens can be handily traded with a pronouncement, for instance, US dollars, euros and pounds. Moreover, it can likewise be reclaimed with different merchandise, for example, valuable stones and gems through the Goldario stage. ● Passive salary Access automated revenue by buying and holding a GLD token. After a specific time, the salary got from pioneering movement is circulated among the holders of tokens, which are relative to their property. ● Utilities In contrast to conventional cryptographic forms of money, the expense of which relies upon hypothesis, flexibly and advertise request, GLD tokens are legitimately utilized in the Goldario environment, where they can be traded for metals and valuable stones. ● Simple exchange trade and move of GLD tokens is as straightforward as sending an email. You should simply download your current ERC20 Token help wallet. ● straightforwardness The straightforward, irreversible nature of the blockchain gives open access to data whenever, giving a totally straightforward procedure, precise information records and equivalent necessities for everybody. Promoting STRATEGY The executives at Goldario accepts that advertising and network advancement assume a significant job in the accomplishment of the stage, particularly in crowdfunding ventures that include non-experts. Arranging a procedure for advancing our task from the absolute first day is significant, and we utilize a multilateral methodology that amplifies constrained assets and utilizations different conventional and non-customary showcasing channels. Here are a few systems we will utilize: ● extraordinary showcasing words Sound-related promoting is the point at which one individual notices a particular item or task to someone else and a message is sent. At Goldario, we will offer rewards and promoting efforts to our token individuals and, as a prize, to the individuals who contribute prizes, with GLD tokens who endeavor to accomplish the objective by growing our locale base. ● COMMUNAL OFFERS One of the most significant parts of a crypto venture is its advancement so that each and every individual who holds it has a spot to spend it. As a stage that legitimately takes part in the creation of metals and valuable stones for gems, Goldario exploits by offering direct utility by tolerating GLD tokens as an installment technique for valuable stones and metals. Furthermore, in our endeavors to make GLD a mass installment and cost-sparing system, our promoting group has directed thorough research and built up the best procedures for individuals from varying backgrounds that are remembered for every single segment datum. ● CRYPTO EXPOS To pass on our message to potential speculators, brokers and the overall population, we lead data battles the world over and consistently take part in digital currencies and blockchain gatherings. We are supporting a major occasion, and our profoundly proficient promoting group is effectively taking part in this presentation to guarantee the most extreme change of GLD tokens. ● PRESS RELEASE We likewise normally distribute public statements on different money related news and driving innovation locales. Moreover, we likewise endeavor to impart our venture to driving distributers and authors and along these lines get inclusion for the task. ● STRATEGIC ALLIANCE We likewise keep on working with significant shippers around the globe who advantage the two gatherings and help increment the receipt of GLD tokens. ● CELEBRITY SUPPORT To guarantee most extreme open reach, we lead occasions and ads where our GLD tokens are bolstered by eminent VIPs from the music and film businesses. ● Register ICO/IEO site We additionally endeavor to enlist our mass deals on all driving IEO/ICO locales. This will assist us with arriving at an immediate objective crowd, individuals who are keen on digital currency. https://preview.redd.it/16iktu96xq051.png?width=533&format=png&auto=webp&s=23946a3988a32a19aa7839cabd534910dee285a3 GLD TOKEN GLD Token is an ERC20 token utilized on the Ethereum blockchain arrange, which works as a monetary instrument that offers advanced parts for the primary gold and emerald and residential gems creation for the worldwide market. A token can work as a store of qualities, and furthermore permits shared qualities to be traded in a situation without trust dependent on a square chain. Available to be purchased The facts demonstrate that Goldario is definitely not a conventional startup since it procured shares in Emerald and the gold mine, possesses a gold creation and cleaning plant and has a committed group devoted to this. In any case, to actualize the Goldario biological system as per the guide and empower network interest in the environment, Goldario will offer introductory coin contributions or mass deals for open support. Individual TOURS The primary stage, to be specific the Private Round, will be given to singular merchants, institutional speculators, investors, Indonesian residents and associations occupied with metallurgy and valuable stone creation. During this cycle, a unique instrument for getting extra prizes will be received, the subtleties of which will be distributed on the site https://goldario.com . Fundamental SALES OF IEO At this stage, Goldario the executives will furnish clients/financial specialists with the fundamental open deals round, for example mass deals, which will be completed as a component of a dispatch launchpad offer for a specific trade or offered straightforwardly through CRM programming. Token deal exercises will be trailed by an immediate trade of Goldario tokens from their commitments. TOKENOMICS Token financial offer - GOLDARIO (ICO token cost: 1.00 USD per token) ● pre-deal will be executed utilizing shrewd agreements and system addresses, which will be sent with directions by email and might possibly be on the page. Presale is restricted to 100 million tokens. ● token deal will offer 300 million tokens to people in general as delicate tops. They will be sold under brilliant agreements until each of the 300 million are sold inside 4 months, whichever starts things out. Costs will be set in etheUS dollars. The purchaser will get an ERC20 token toward the finish of the deal or promptly during IEO. ● Minimum increment for pre-deals and deals consolidated It will cost around 300 million dollars, in front of deals and assessed broadcasting in real time (around 03 million tokens) ● A test of about $ 1 billion. The United States is laden with extraordinary challenges for this undertaking. Showcasing endeavors will get 90 million tokens, or 30 percent. This is to pay the wages of everybody and organizations that endeavored to make and deal with a business token. 1 percent of these tokens will before long be accessible for trade - these are prize and serious prizes. The staying two percent will be hindered for 3 months after the finish of the deal. Group SALE INFORMATION
Starting from the sale of crowd tokens: 01-07-2020
Duration: 180 days
Symbol Symbol: GLD
Token Standard: ERC-20 (for Token Sale)
Soft Printing: $ 300 Million
Hardcover: 1 billion US dollars. Total supply of tokens: 1,000,000,000.
[Guide] How to open accounts to send and receive EUR and other currencies (and make £53, 15 EUR and 5 DUK+)
How to open accounts to send and receive EUR and other currencies (and make £53, 15 EUR and 5 DUK+)
There are quite a few offers on currently that allow you to get bank account that allows you to send and receive EUR and other currencies whilst a resident of the UK. Having these accounts can be really useful for some of the foreign exchange, investment and cryptocurrency offers as you often need to send or receive money in an international account, or deposit or withdraw in another currency. They're also really handy for converting other currencies back into GBP so you can send your profits back to your main account if that's your aim. Some accounts offer rewards and additional features, such as cash bonuses, free transfers, preferential/no-fee exchange rates and linked cryptocurrency wallets. I've tried to summarise all I'm aware of in the table below, and go into further details about each underneath. Non-referral links and links to additional informations and terms will be in each of these sections too.
This is a full multicurrency bank account which allows you to hold, exchange and spend a bunch of different currencies with no additional fees. This makes it really useful for converting your cash back into GBP. They also offer a Visa debit card, linked trading and investing accounts and a great sign up bonus at the moment.
You get an Italian IBAN once you successfully open an account.
If you sign up with my code UK7212656, then you will get a £50 bonus deposited directly into your account.
Probably my favourite after Fineco, and another one of the most useful outside of using to make money from offers. You can receive money in AUD, EUR, GBP, NZD, PLN and USD, and can transfer to and send money in 18 different currencies. They are one of few that places where you can also open a US Dollar balance and get the full details required for ACH and wire transfers too.
This account has been one of the best for money transfer offers, as it is accepted where some others have had issues, and Spain seems to get better rates or lower fees with certain merchants. Transfers both to and from this account seem to be processed much faster than some of the other EUR accounts available.
You get a Spanish IBAN once you successfully open an account.
There is currently no reward offered.
There have previously been rewards offered so it's worth keeping an eye out if you don't need the account yet.
A great account to have that offers linked BTC and ETH wallets, as well as the ability to buy and sell both cryptocurrencies directly in the app. This makes it an easy way to cash out other cryptocurrency offers. They also offer a Mastercard debit card with fee-free foreign spending and withdrawals.
This is an odd one to set up as you do it through a chat bot in their app, but once it's done you can continue to manage the account either through the app or online, which I find a bit more straightforward. It's another multicurrency account, so you can open balances in a range of different currencies.
You get a Swiss IBAN once you successfully open an account.
If you sign up with my referral link or code 3CV-9WY, then you will get a 5 DUK+ bonus.
These can be exchanged directly within the app and are currently worth around 1.72 EUR each.
As Ty23ed has pointed out, you must also now deposit 25 EUR in order to receive the bonus.ellemerve has updated saying no deposit is required any more.
You must already have a Starling current account for this, but it allows you to add a Euro account to your existing account. It's great for receiving and cashing out, as you only get charged 0.4% on top of the Mastercard rate, and happens instantly.
You get a GB IBAN once you successfully add the Euro account.
There is currently no reward offered.
There haven't previously been any rewards offered that I'm aware of.
There is currently no reward for opening an account, and I'm not aware of any ever having run previously.
This is similar to TransferWise in that you can receive and spend balances in different currencies, but Revolut allow you to hold and exchange a lot more currencies. They've also recently started offering Perks and linked cryptocurrency wallets. Like Starling, they're great for receiving and cashing out as you can exchange from any of the supported currencies back into GBP at the Interbank rate.
You get a GB IBAN once you successfully open an account.
If you sign up with my referral link, then you will get a free card.
If you sign up to OhMyDosh with my referral link, then you will get £1 cashback added directly to your account.
If you sign up to Revolut through OhMyDosh, then you will get £2 cashback added directly to your account.
Total reward: £3 if you are new to OhMyDosh, £2 if you are new to Revolut but not OhMyDosh or just a free card if you want to sign up directly.
This a comprehensive list by any means. There are a couple I've left out intentionally (eg. N26 as for people in the UK they only offer a GB account and are closing them in April) and I imagine others that I just haven't seen yet. Please share your own opinions, experiences and referrals for any of these, and any other that I may have missed. Happy to help with any questions in the thread, or message or DM if you'd prefer :) Edit: the Fineco Bank offer has now expired, unfortunately.
There’s often a tension in the crypto world between security and convenience. That trade-off is unacceptable if we want these technologies to be widely used. Here’s how Ergo addresses one common and very important issue. We all know that the most secure way to use Bitcoin, or any crypto, is to download a copy of the blockchain and run a full node yourself. That way, every time you or anyone else makes a transaction, your client checks the blockchain to ensure it’s valid. You don’t have to trust anyone else. A full Bitcoin node checks all the blocks in the blockchain (using headers) and makes sure there are no fraudulent transactions. It’s a very secure way of using crypto – but there’s a problem. It requires significant bandwidth, storage and processing power. That kind of commodity hardware is expensive, and using a full node to validate and make transactions is in any case unsuitable for mobile devices. This is particularly true for Bitcoin, where the blockchain is over 270 GB and counting. SPV Simplified Payment Verification (SPV) is designed to address this problem, as described in the Bitcoin white paper:
It is possible to verify payments without running a full network node. A user only needs to keep a copy of the block headers of the longest proof-of-work chain, which he can get by querying network nodes until he's convinced he has the longest chain, and obtain the Merkle branch linking the transaction to the block it's timestamped in. He can't check the transaction for himself, but by linking it to a place in the chain, he can see that a network node has accepted it, and blocks added after it further confirm the network has accepted it.
Satoshi notes that this is not a perfect solution, and is vulnerable to an attacker overpowering the network and fooling SPV users. Moreover, while SPV mode is intended for resource-limited devices, even this ‘lite’ approach is not always feasible. Ethereum’s headers alone total around 5 GB to download. Thus Ethereum mobile clients do not validate chain validity and so blindly have to trust third parties. There are proposals to reduce the requirements for SPV mode by checking just a few random headers, instead of all of them. But it’s hard to do that securely. Efficient SPV Several years have been spent researching and developing secure protocols that allow for efficient SPV clients. The two best-known and most reliable protocols are NiPoPoWs and FlyClient. Ergo implements NiPoPoWs, or Non-interactive Proof-of-Proof-of-Work. This technology can be explored in full on this dedicated website: https://nipopows.com:
Non-Interactive Proofs of Proof-of-Work (NIPoPoWs) are short stand-alone strings that a computer program can inspect to verify that an event happened on a proof-of-work-based blockchain without connecting to the blockchain network and without downloading all block headers. For example, these proofs can illustrate that a cryptocurrency payment was made.
NIPoPoWs allow very efficient mobile wallets to be created. SPV wallets are already very lightweight compared to full nodes because they only require the download of block headers, not the whole blockchain. NIPoPoW wallets need to download only a small sample of block headers, around 250, when SPV clients need to download half a million block headers. The sample needed changes but doesn't grow much in size as the blockchain grows larger by the years, even after decades of data has been accumulated.
This enables us to build a mobile SPV client that requires around just 100KB of block headers to be downloaded. A super-efficient Ergo wallet with SPV security is in development, so stay tuned for more updates! Share post: Facebook Twitter Ergoplatform.org
Weekly Update: ParJar Gaming, District0x’s District Registry, Simona Pop joins OST, Constellation selected to Dcode cohort... – 31 Jan - 6 Feb'20
Sup folks! Here’s part V of VII of our catch up series - your week at Parachute + partners (31 Jan - 6 Feb'20): Doc Vic hosted a CoD Team Deatchmatch Round in Parachute War Zone for $PAR and $AMGO prizes. Woot! Plus, a free-for-all flash game and a Battle Royale were pretty fun as well. Bose hosted a general trivia in TTR for 1k $PAR in prizes per question. Congratulations to Andy, Nathan and Jason for winning big at the Parachute Super Bowl Squares. That’s 1M $PAR given away within hours. Holy Canoli! This week we welcomed a new channel to the Parachute fam – ParJar Gaming, in collaboration with Sentivate, Uptrennd, Arena Match, DoYourTip and TTR who are the current sponsors of games in there. Sweet! For Two-for-Tuesday, Gian got Parachuters to post music from supergroups. Epicness! Starting this month, there will be one Parena each fortnight. The first bi-weekly Parena saw Edson beat Kay in the finale to take home 25k $PAR. As we head on to the Parachute anniversary next week, Cap shared some epic sneak peeks into what's coming up - $PAR as a trading pair, crypto on-ramps etc. It’s going to be an awesome year ahead! For #wholesomewed Jason hosted a week long event: "pick up trash on the side of the road or in a public area. Take a before and after photos and a photo of the trash" and win some cool $PAR in the process. Some more sneak peek into ParJar’s latest stats 2gether had a temporary downtime this week owing to a PecunPay’s system update. Not sure how to get your 2gether card? Watch this video and get your questions answered. XIO announced the start of its transition to Phase 2.0 which will make staking completely automated and decentralised through a simple DApp. This was kicked off by the start of private beta testing. In XIOSocial discussions, Citizens talked about effect of patents on innovation, altcoin emojis and XIO branding. Plus, the team is looking for a technical advisor. There’s 50k $XIO waiting for someone who can make a suitable connection. Click here to watch Birdchain’s January recap. Catch up on the latest at Fantom from their Binance Chain blog update. The Educational Writing Contest winners were announced. The crew wrote about how DeFi is shaping up in the crypto space. Total $FTM staked in the Opera mainnet crossed 40% of total supply this week. Luke from Uptrennd threw open a design contest for their info bot. 10k $1UP in prizes. Nice! Want to help grow the project? Join in! MrMVST’s latest YouTube video talks about how to earn some cool $1UP tokens. Congratulations on crossing 5k followers on Twitter. In the run up to Istanbul Blockchain Week where Uptrennd is one of the partners, Jeff sat down with the event’s founder Erhan Korhaliller to talk about crypto in general and about the markets. As a media partner, the Uptrennd crew were also at CoinPoint’s VIP Networking Party this week to hobnob with C Level Executives in the iGaming space. Check out Opacity’s January update here. The Hydro team travelled to the International Cyber Center in NYC this week for the opening of the Cyber Security and Fintech hub. Did you get a chance to say Hi? The Hydro ecosystem is a world in itself with multiple protocols running a multitude of smart contracts. For example, here’s a rundown of some of the Hydro Tide smart contracts. Also, here’s a list of problems that fintech can solve. The XIO DApp dashboard will provide comprehensive regarding stake positions and expected rewards Silent Notary’s storage platform Ubikiri’s daily development updates for this week can be seen here: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12. The $LAW IEO on ExMarkets is now extended to March. With the formation of Universal Web Inc. complete, Sentivate progressed to rolling out of its international sites beginning with China. For the detailed update, click here. Apps built on the Universal Web will get access to a neural network fed with realtime data from the network. Also, some more updates here. Ever wondered why an octopus? Click here to find out. Bounties Network co-founder Simona Pop joined OST this week as Chief Engagement Officer. Founder Jason Goldberg was interviewed by Tomer Federman (The Blockchain VC Podcast) where he talked about crypto entrepreneurship. Next month, Jason will be sharing his insights on UX design at Ethereum Community Conference in Paris. In this week’s SelfKey educational articles we got to read about identity management, major data breaches of 2019 and 2020 and a guide to offshore banking. Constellation was selected to the Spring cohort of defense and government accelerator, Dcode. Read more about it here. Cryptonomy’s interview of co-founders Ben Jorgensen and Benjamin Diggles came out this week. Ben also shared a roundup of the latest updates. Reflecting on Pynk’s Crowd Wisdom platform, Matt from the team explored the concept of cooperative investing as a strategy in a new article. A featured article covering the ins-and-outs Wibson was published in Ambito.com this week. The Wibson team also shared a blog post explaining how to find out if your data is being misused on Facebook. District0x’s newest DApp, the District Registry, went live this week. Hosting of all future districts (self-governing marketplaces curated by the community; example – Meme Factory) and their governance will happen through the registry using the native $DNT token. For the latest District Weekly and Dev Update, click here and here respectively. District Registry dashboard Harmony’s mainnet $ONE coin is now supported on Ledger. Click here to read the recap of the dev community meetup that Harmony hosted along with Polkadot, Taxa Network and Nervos Network last week in San Francisco. To watch their keynote, click here. $ONE was added to the open beta of hummingbot’s Liquidity Mining program. Congrats for making it to SwissBorg’s list of Top 5 Blockchain Projects of 2019 which was part of their 2019 Crypto Report. Read the January update summary of Harmony, here. The winners of the sticker contest which happened a couple of weeks back were announced after a public vote. K-Pop artist Jung Won-Kwan joined GET Protocol’s advisory board this week. This along with other updates from January were posted in a detailed blog article which also included sections on token burn and the road ahead. Transcripts of their AMAs with theblockcircle and The Gem Hunters were published this week. Plus, Decrypt’s latest article explains how Holland's star comic Jochem Myjer eliminated ticket scalping from his shows by using GET Protocol’s ticketing platforms GUTS Tickets. Global Crypto Alliance’s BitReader GO 1.0 app was previewed this week. The team’s interview with NASDAQ’s Jane King got aired. Global Crypto Alliance was also featured in a Forbes Middle East article about blockchain startups to watch in 2020. YouTuber CryptoHubb partnered with GCA to spread the word on the project in Africa. Coti launched MultiDAG that allows creation of tokens on the DAG structure, which is a first for any DAG architecture. Community nodes of CryptoDaku and tehMoonwalkeR went live on the mainnet. The staking rewards for January have been paid out. Coders will enjoy reading through COTI’s development best practices. DoYourTip’s $DYT token swap happened automatically in ParJar and TxBit. And with that, it’s a wrap for this week at Parachute and partners. See you again soon. Cheers!
Weekly Update: Cap @Tachyon, 2gether consumer spending report, Pynk in Turkey, Harmony’s $ONE token swap... – 17 Jan - 23 Jan'20
Sup folks! Here’s part III of VII from our catch up series - your week at Parachute + partners (17 Jan - 23 Jan'20): Cap travelled to the Tachyon (Consensys' accelerator program) open house this week in NYC to network with some cool new startups: Idle (compound interest aggregator), Pie (platform that allows investment in traditional portfolios like the most successful funds), SimpleID (Intercom for blockchain), Outlet (Robinhood for compound interest investments built on blockchain), Transak (fiat on/off ramp for crypto) and Honey Lemon (mining contract aggregator). The PAR4PAR lottery entered stage eleven this week with the prize pool now at 700k $PAR. Saweet! Bose’s trivia in TTR was super fun and had 20k $PAR in prizes. Charlotte hosted another trivia in TTR for 2k $PAR per general knowledge question. For the #weekendprompt by Jason, Parachuters shared "weird or unusual sport video that most people didnt know was a sport". Haha. Congrats to Rene for winning this week’s Parena! After the success of the previous TTR and Parachute-based NFT auctions, Sebastian put up a raffle (#parttrenjraffle) for 2 collectibles from the same sets – TTR Red Circle Army and The PARverse so that more Parachuters could get in on the action. DApp enthusiasts, don’t forget to read Cap’s recommendation. Pretty insightful! The latest Parachute Digestive is out as well. You cannot miss this! In the latest #FPL standings shared by LordHades, he is still on top of the table with Novel Cloud and Alexis in close 2nd and 3rd positions respectively. For this week’s Two-for-Tuesday, GC asked Parachuters to post music featuring female artists. Doc Vic hosted a quick “free-for-all” CoD match for Parachuters in the Parachute War Zone for $PAR prizes. Big up to Chris, KellyBoy, Amaanullah for winning. Victor hosted a general knowledge trivia in TTR with a 20k $PAR prize pool. For #wholesomewed, Jason got Parachuters to share about failures that steered their lives. This is what makes Parachute a great place to hang out! Sebastian has been the most persistent in #ParAroundTheWorld. Often restoring worn down stickers like these to their original glory. That’s dedication! For this week’s aXpire update and token burn click here and here respectively. 2gether published a detailed report on crypto user’s spending habits that revealed some key insights into consumer behaviour when it comes to cryptocurrencies. The study happened over 9 months by surveying 10k 2gether users in the Eurozone. Koinsquare co-founder Tiziano Tridico, who is also a 2gether Ambassador, talked about the findings on his YouTube channel. Remember that 2gether is one of the finalists of EBC’s startup competition, RACE? The competition kicked off this week with CEO Ramon Ferraz presenting the project there. Zachary from XIO shared an update on reward distributions. Congratulations Zach on making it to Coinbound’s list of crypto-accounts-to-follow on LinkedIn. As hinted in the last update, Bounty0x is working on an influencer marketing platform. Read more about it in their announcement post and Q1 2020 update. Their Republic listing talks about this as well. Uptrennd’s Jeff Kirdeikis sat down with Scott Cunningham to talk about the platform’s 2019 journey and the road forward in 2020. Checked out the Gaming community on Uptrennd yet? There’s $1UP to be won. Sweet! Content creators, have a look at this post to see how Uptrennd has helped grow reach of other creators who moved to the platform. Yup, that’s right. Top 4 creators got almost 2M views. Not bad at all! Couple of weeks back, Energi won a public poll to get a free detailed review on Uptrennd. The review report was published this week. District0x Community Lead Brady McKenna was interviewed by Crypto Current to speak on decentralisation. For the latest dev update and the district weekly, click here and here respectively. In continuation of Hydro’s Banking-as-a-Service (BaaS) report that was released last week, the team published an article detailing the basics of BaaS this week. A nifty guide for personal finance management was released as well. Hydrogen made it to Built in NYC’s list of 50 Startups to Watch in 2020. Great going! Plus, shoutouts from Wendy O and Republic were pretty cool too. In developer updates, Project Hydro and Hydro Labs released their reports. Silent Notary crew sat down for an AMA with Quora Inner Circle this week. And like last week, they posted daily summaries of dev work progress (1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14). When spending crypto, users prefer to spend them on FMCG and food. Source: 2gether user behaviour report In Sentivate’s technical discussions this week, they shared insights on single sign-on, 0-RTT, HTTP vs UDSP, DNS vs DIS, web socket packet design and request types. Thomas also announced plans to start an exchange and filing in Singapore. If you aren’t familiar with why the Mycro Hunter app exists, have a read of the problem-solution article. For a how-to-download v1 app guide, click here. OST’s Pepo app partnered with ETHDenver to become its official social app. Attendees could earn bonus tokens by joining the #ETHDenver Missions on the app. Non-attendees could follow the events from the app as well. Didn’t know this was possible? In that case, make sure to read about the app use cases. For SelfKey’s December progress report, click here. Constellation CTO Wyatt Meldman-Floch shared some key tech updates. Pynk opened a new office in Turkey this week. Click here for pics. Similar to Ethereum’s ERC721 standard, Harmony is also building an HRC721 standard for NFTs. A similar DApp Demo (for Harmony-based NFTs) was released. Click here for the latest all-hands summary. The network underwent a technical update. Binance confirmed their support for the $ONE token swap. Check out this tweet thread for the full list of platforms supporting the swap. And with that, the token swap started officially. Intellishare announced a temporary break of some activities for the Spring Festival Holiday along with the start of registration for a sticker contest to get some cool crowd-sourced $INE stickers. Jobchain crew sat down for an AMA on Twitter this week. $JOB got listed on Whitebit and DCoin exchange. Transcript of GET Protocol’s AMA with tehMoonwalkeR was published. Community member Deofex released an activity explorer website to track ticket state changes. Congratulations to GUTS Tickets for crossing 350k ticket mark. Click here to see Global Crypto Alliance’s 2020 roadmap. Congratulations to COTI and Constellation for being promoted to KuCoin Plus from Main Market. The team appeared for an AMA with tehMoonwalkeR this week. COTI also made it to Tracxn’s list of Top Emerging Blockchain Startups. Neat! The v1.0 of COTI’s Staking Platform went live this week. Click here for the detailed guide on how to stake from the mainnet wallet. Rewards are processed once per month. Learn all about staking rewards here. And with that, we close for this week in the Parachuteverse. See you again with another weekly update. Ciao!
The current state of LAS server is unacceptable: 7 Main reasons with 83 links of evidence
( we apologize if our English is not good, it is not our native language ) For those who do not know, several months ago LAS and LAN offices joined together to form "LATAM", this union has generated discontent in the community which has been reflected in some post on the frontpage, for example LAS is the only region on the planet where we do not have any rioters (confirmed by riot mokarran from LAN) the event of the The Latin American final had many organizational problems and a "meet and greet" was promised that never happened, bad moderation and bad player support were exposed . LAN came out losing in the world of esports  , several emblematic LAN casters such as skyshock were fired  (he confirms it himself) and professional teams such as rebirth were unfairly eliminated  (read comments) since then months have passedand unfortunately the situation has worsened, in this post we are going to explain the 7 main problems of our region.
1-we do not have rioters, we are an "abandoned server" with 100% impunity.
1 year ago we had dozens of community and behavior rioters: condor, excalibeer, gaussrik, etc. However, all our rioters were fired and consequently LAS is now in charge of "player support", more specifically in charge of "Achungo" (he has confirmed being the person in charge of support)  , the lack of rioters is a frequent issue of complaint in the forums, there is a widespread feeling that we as a region do not matter, that nobody listens to us and nobody represents us, we literally call ourselves "the abandoned server"  Because we do not have behavior rioters, the complaint tickets are not reviewed , examples: - "Tickets from a month ago without responding"  -more evidence images  - "Player threatens me with death and never saw the ticket"  - "Riot abandons us"  - "I sent a ticket 1 month ago and nobody saw it"  - "Why do you have support if you do not view the complaints?"  - "What about support? For days do not check anything"  - "They hack me the account, they respond with 2 copypaste and close the case, 100% impunity"  - "Complaint towards the support lousy attention they totally ignored me"  even LAS streamers leave this in evidence, can be seen below in the complaint tweet as all their tickets are ignored being "on hold" for weeks and then "resolved" without anyone answering anything, not even a bot or a copypaste.  they currently "fixed" that, now if you complain to someone for support you get a copypaste automatically and it closes, you can check the behavior forum and see post every day of people complaining that they no sanction anyone, absolutely nothing. in fact when they announced that they would make "waves of suspensions" immediately the members of the community in the comments left in evidence that the people reported are not sanctioned manually.  (main comments). LAS is possibly the only server where there is 100% impunity, you can eloboost, troll, use drophacks, scripts, being racist or threaten to death with the absolute certainty that NOTHING will happen to you because support will NEVER review your account or sanction you . in fact even famous streamers and youtubers do these practices and are not sanctioned ... but we'll talk about that later.
2-the RP price in Argentina has tripled making it almost unpayable
Argentina is the only LAS country where prices are set in dollars  , and since the value of the Argentine peso has fallen, the RP has become unpayable, the interesting thing is that other stores such as steam have maintained prices with Argentine pesos However, riot prefers to triple the prices making the RP innaccessible to most players. Examples and evidence of community discontent: - it's a shame about the RP  -first increase in RP (doubles)  -second increase in RP (triples)  -Wtf riot with the RP  -priority RP price increase  -the offers are to be seized (sarcasm)  -Riot official video: "buy RP cash" (look at dislikes and comments)  and the saddest thing of all is that they tried to hide that news .. Evidence:
3-the partners program, impunity and favoritism.
half a year ago, riot contacted willyrex (famous fortnite spanish youtuber) and fargan. they gave them exclusive icons when they only played 1 game against bots, instead of selecting a latin American youtuber or streamer that has been promoting the game for years, they decide to make icons to 2 people who do not care about the game.  this discontent was expressed by many youtubers, among them lastpick  and jotalol who explicitly said " It's not fair to us"  due to the controversy riot decided to create the "partner program".  When the partners program started one of the requirements was "good behavior", we immediately denounce a youtuber named NovaKS for making extreme racist comments (censored words)  , in addition to having more than 50 sanctions in the forum and being known for his toxicity. they completely ignored the report arguing that "we do not get into what happens in the clubs unless it's extreme, we do not get into personal cases" ¿what? he was never removed from the partners program nor sanctioned after that a streamer-youtuber called "adrelina" that eloobosted live every day in front of a thousands of people, after several days finally achungo (the head of support) responds by saying "we are investigating"  , it was still denounced in several opportunities in the forum, and after WEEKS finally sanctioned it and eliminated it from the partners program (when they could have done it in 3 minutes watching the stream and seeing all the clear evidences), but the The story does not end there, days later he went back to eloboost live every day  and continued doing it for weeks with total impunity as he knows the reality of our server. months later Adrelina was congratulated on the official twitter of LATAM causing the obvious discontent of the community ..  this is the reality of our region. there is a disconnection between LAS and the community, for example when they announced the new map they delivered pieces to different creators, but they completely ignored"Halo and Ness"that have a 125k sub channel dedicated exclusively to the lore of the game , months later riot gave them a space in the news of the client as compensation. in short, icons are given to youtubers of fortnite that are not interested in the game, partner to racist players and eloboosters with absolute impunity, but small youtubers that try to contribute to the community are completely ignored, for example this youtuber abstinencio fulfilled with All the requirements and his work is impressive but he was arbitrarily ignored from the partners program. Evidence:
4-the controversy of the "tournaments"
4 months ago riot announced that the tournament system would change, before any person or organization could organize a tournament and riot supported with a minimum amount of RP, but suddenly they decided that "from now on, only 7 communities can make tournaments and they can only do 3 per week "in addition to putting a maximum of RP that you can earn a month in tournaments, this generated a lot of discontent and rejection from the community  just seeing the comments of the official announcement we can see several administrators of communities that had spent years investing in our region as league of noa for example, criticizing the measure, saying that it is not fair that riot abandon them in that way, it was also criticized a lot that one of the selected communities "lolstreaming" has a history of fraudulent tournaments and re-sale of RP  but the story does not end there, several people began to see "strange" things in this new change, for example within the " 7 best communities " was selected " reset gaming ", a page with 18 Facebook likes, that absolutely nobody knows and that currently has 52 likes. riot stops supporting communities with thousands of followers who have spent years investing in the community, but support a new page that nobody knows  when the community asked riot what was the explanation for this, the response was "we selected the communities that had the best record "  , however researching into the" reset gaming "page we found a tremendous list of tournaments with 0 attendees, basically this page exploited the tournament system to get free RP with accounts that only they managed, We can even read comments from people who tried to participate in those tournaments in the old fanpage claiming that the tournaments were "fixed"  . Riot is fully aware of this and is not interested in fixing it. but the worst of this situation is what the community called "the mafia of tournaments"  After these 7 communities were announced as the only exclusive pages with RP support for tournaments, a page called torneos.ggappeared , where they sought to monopolize the access of the tournaments and the creation of a crypto called"ggcoins" , which it can be exchanged and traded by tournament players to win prizes and then re-sell the PR. in other words they were looking for a way to monopolize, exploit and monetize the tournament system. immediately riot mokarran (from LAN) replied saying that they would stop supporting torneos.gg page, but it is surprising that something like this would be overlooked in the first place. Evidence:
5-the controversy of cocacola bubbles
about 5 months ago the "coca cola bubbles" promotion was advertised  using the famous icata influencer where players were encouraged to buy coca cola and collect bottle caps to then exchange them for RP, the reason why I can not Link the original video is because everything related to the promotion was inexplicably eliminated along with all the tweets and facebook posts. this was immediately noticed by the community, people began to complain massively on the official facebook page of cocacola (read comments) in addition to creating various posts in the forum asking for an explanation to riot  , finally people began to organize to make a collective lawsuit against riot games and cocacola for misleading advertising so the company was forced to give an answer  "you can request your prizes on November 30", finally they made another video promoting cocacola bubbles but it turns out that the promotion now is " subject to availability ", it was supposed to last for 1 month but the prizes were sold out in a week so a lot of people could not exchange their prizes and started to to complain in the comments the worst of all is that riot has never given any explanation to this since we do not have any rioters. Evidence:
6-paraguay, uruguay and peru are countries that nobody listens
Every month there are people from Paraguay in the forum complaining that they have high ping, examples: -Lol unplayable in Paraguay  -lol unplayable in Paraguay  -Can they fix this F thing?  -90 constant ping 1 month ago in Paraguay a shame  -unplayable with the ping of Paraguay  -200ms constant since 2 weeks ago in Paraguay  the vast majority of the people of Paraguay have accounts in brazil and in the, half play full time in brazil and the other half play in the when they can and when there is too much lag (which lasts for months, they play in brazil) The same happens with Peru, although supposedly peru geographically should have a lower ping in LAS, the vast majority of Peruvian players play in LAN due to the very high ping they usually have in LAS for weeks, even players have asked riot to please activate free LAN transfer for Peruvian players, examples in the forum: -help the Peruvians to leave the server  -2 weeks with high ping in Peru  -Increase ping in Peru ¿can some rioter respond please?  - Anyone else has lag in Peru?  -We have lag in Peru and Bolivia  -lag in Peru  Uruguay does not usually have ping problems, but it is usually ignored in other aspects, for example the Uruguayan national league was not thought to be sustainable, the prizes are phones instead of money  which forces the teams to re-sell the phones if they want to pay administrative expenses, coach, etc. They must pay for themselves the shirt of the team where they are not allowed to have other sponsors related to computing, this was exposed by a Uruguayan professional team in the forum and there was no response from riot or any improvement in this regard.  Finally we would like to mention that recently Riot has updated the prices of RP and Uruguay has had an increase of 40% (the largest of all countries in the world), the reason for this excessive increase is a new tax from Uruguay, the problem is According to several users comments, law 19,535 says that a foreign company that delivers a service must pay the tax without charging the cost to consumers (which clearly LAS is not fulfilling), I am not a lawyer or judge so I can not Know if this is "legally accurate", but it is something worth mentioning.  Evidence:
7-Abuse of power, censorship, lack of professionalism and negligence
If you read everything at this point you are surely asking yourself ¿did someone really take the time and effort to collect all this evidence? This post is a work of several people, about 1 year ago we founded a group of volunteers in LAS called "Filantropos" (philanthropists) with the aim of helping the community and raise awareness about the importance of charity streams in our region. in this document  you can see evidence of everything we have achieved, our projects and our members, but to summarize: - We created LAS's first charity stream raising 600 dollars for children in Africa - We inspire great streamers to make charity streams , such as necko, coscu, frankkaster, etc. - we support physical charity events for children with cancer (popurrifest) -We have given about 70k RP from our pocket, which has been used to reward outstanding users of the forum, artists, writers, youtubers, streamers, creators of guides and forum contributions, compensations to the community, etc. - We have created more than 150 "mains clubs " and clubs to help new players -the professional coach Nimte (one of our founding members) created the first esports shop in our region where 10% of sales go directly to charity. -Ezequiel (another of our founding members) managed to create the first esports team officially supported by a football team, Argentine juniors, he is currently the CEO and has committed to doing charity along with his players when the team reaches the Latin American league . -and many other things Why do we mention all this? because the people in charge of LAS resent our help and treat us badly harassing and censoring us, it's a long story but to summarize it the creator of our volunteers group is "Manuel Alcayaga", it all started 1 year ago when an ex-rioter called riotdwarf told him "wanna be robin hood" in a sarcastic way to Manuel  , then Manuel told him that he would take this to reddit, then riotdwarf apologized and everything was solved in a good way. the problem is that Achungo (the current head of player support, in other words the person in charge of LAS) was a close friend of dwarf  (which puts him in a clear conflict of interest), and as a form of "revenge" he has done everything possible to censor us and prevent us from helping our region. -When we made a complaint in the forum they censured us, but allow other complaints without problem  -when we want to give away skins at Christmas they censor us, but allow other giveaways without problems  -When we published the news of "Top Riot Executive Suspended" they censored the news just to annoy us, we re-uploaded it and everyone in the comments repudiated the censorship.  When we review the source code of the forum (public information) to check who is the moderator who censored us, we could verify that it was achungo.  when "Manuel" has tried to contact support to get some kind of dialogue or explanation, they always treat him like trash, for example when the complaint occurred he told her in a very bad way: "now things are done as I say, it does not matter if old rioters like riot excalibeer did things differently, I do not want to listen to or give anything, and if you disagree that's not a problem for me "  when Manuel asked why they only censor our complaints but allow other complaints, the response was "we are not interested in responding, we have nothing to add" this response was sodisrespectfulthat it even came to the reddit frontpage a couple of months ago. all these cases of censorship have been repudiated and criticized by the community on many occasions  Another example is when Manuel requested the information of his account (which should take 30 days) they gave it to him after 112 days being the ticket with the greatest delay registered.  but the most absurd example, is when Manuel received a chat restriction of 10 games for defending a player who was being harassed by 2 toxics, he said in the chat to the toxics "if you do not have tolerance to frustration you should play fortnite", without saying any insult or anything remotely toxic, even the report bot said that it was reported by only 4 people in its last 20 games, (a clear false positive) . when he went to support to have the chat restriction removed they ignored absolutely everything mentioned above, they took everything out of context and they answered him 15 times with a copypaste telling him that "recommend fortnite is toxic" (no, this is not a joke) Manuel exposed the case in the forum getting 99% of community support, 213 likes, +200 comments of support and 17k views.  Several people in the comments claim that the bias, personal resentment and bullying they have against Manuel and his group of volunteers are too noticeable. the way they treated him was so disrespectful and the sanction is so absurd (possibly the most absurd in league history) that even people started making parody videos and memes  . The most funny of all this is that Manuel was statistically the most honorable player of the server in the old honor system, he kept 2 honor ribbons "honorable opponentl and great leader" for 2 years without ever losing them, he even wrote a guide on how to be a honorable player  ¿and what did Riot do? ¿Did they accept the error? no, achungo (who had not said anything in the whole ticket) appears suddenly and bans manuel from support  the people in charge of our region are not interested in listening to us, they are not interested in listening to whole countries, they are not interested in fixing the 100% impunity of our server, they are not interested in 99% of the community saying that a sanction is unfair, they are not interested in fixing absolutely anything, we have no rioters in our region, no one can supervise to stop these abuses of power. Evidence: ALL claims are linked with the evidence,  in total.(Spanish version of the post) If you need more evidence, context or translations, feel free to request it in the comments.
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