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Best crypto trading gif ever made

Best crypto trading gif ever made submitted by KarlVonBahnhof to AltcoinTrader [link] [comments] Exchange to Exit Public Beta: Bitcoin at 50% OFF with a $2,000,000 USD allocation for CRO stakers on the Exchange Exchange to Exit Public Beta: Bitcoin at 50% OFF with a $2,000,000 USD allocation for CRO stakers on the Exchange
We are excited to announce that the Exchange will exit public beta on 8 September 2020. Exchange was launched last November in private beta and opened to the public a month after. Users are able to trade digital assets on one of the most liquid and secure platforms in the market through its web interface, trading API, and App with low fees for both individual and corporate customers. The Exchange will progressively launch in all markets where App is available.
To celebrate this milestone, is pleased to present another Bitcoin Syndicate Special, featuring BTC at 50% off with USD$2M allocation. This event will commence on Tuesday, 8 September 2020, 6AM UTC on the Exchange, so don’t miss out - sign up now if you haven’t registered for the Exchange! Stake a minimum of 5,000 CRO on the Exchange and trade at least $5,000 USD worth of volume in the past 30 days on the Exchange to subscribe.
We are also giving away $50,000 on Twitter - like, follow us and retweet! Rules of the giveaway here.
Read the full blog for full details:
submitted by BryanM_Crypto to Crypto_com [link] [comments]

Introducing the Exchange Referral Program

Introducing the Exchange Referral Program

Get up to $2,000 in CRO and 50% of their trading fees for every friend you refer
We are excited to announce the launch of the Exchange Referral Program today, 20 August 2020, where both referrers and their friends will receive CRO rewards with each successful sign-up and stake.
Check out the details of our referral program here:
submitted by BryanM_Crypto to Crypto_com [link] [comments] Coin (CRO) Recurring Buys Now Available on the App Coin (CRO) Recurring Buys Now Available on the App
Starting 26 August 2020, App users can automate their Coin (CRO) purchases on a weekly, bi-weekly and monthly basis for as low as $50 USD. CRO joins Bitcoin and Ethereum on our Recurring Buy feature. The Coin (CRO) token is the native token of the Chain - our next-generation public blockchain solution. CRO also powers the overall ecosystem, with utility across payment, trading and financial services use cases.
Supported cryptocurrency: BTC,CRO & ETHOptions: Weekly, bi-weekly, or monthlyPayment methods: Credit CardMinimum amount: $50 USDMaximum no. of recurring buys per month: 5Credit purchase monthly limit ($USD):
Build your stack, turn your dollars into crypto over time. Set up recurring buys now!
More coins will be added into this feature in the coming weeks. Stay tuned.
Please refer to our Help Centre for more details.
*Requires App version 3.65 for both iOS and Android.
submitted by BryanM_Crypto to Crypto_com [link] [comments]

Why I’m Doubling Down on $COM With My XAMP/TOB Profits

I was fortunate enough to get in early on XAMP developer Bill Drummond’s new project, Token of Babble (TOB), and I’m putting my profits into COM - a community-based project which I believe will 4x from here in the short term, and possibly 20x in the long term.
I know you're skeptical but to understand why I'm so confident, here’s some background on Bill’s launch:
Upon launch, Bill’s new project Token of Babble (TOB), generated over $7 million USD of trading volume on Uniswap and the price rose from $0.6 to $14 in just a matter of hours. It was one of the most epic launches in crypto history, and the people who got in early were able to make life-changing money in less than 24 hours.
The success of TOB suggests a few interesting things about the current bull-cycle we’re in:
  1. We really are in full-on alt season. Tiny projects are achieving 10-100x in just a short amount of time.
  2. People do trust projects led by devs who are anonymous as long as they are transparent and know what they’re doing. Website graphics don’t matter anymore and everyone knows a fancy website can still mean scam.
  3. Coins with tokenomics designed to create FOMO will inevitably pump (more on this in a bit)
So that’s exactly why I’m buying this current COM dip ($0.5) and waiting for at least a 4x to $2 before even thinking about selling.
Why? Because
  1. COM’s tokenomics are similar to TOB in that they’re both deflationary. Every transaction burns 1% of the token, making the total supply smaller and the tokens more valuable over time.
  2. COM is a community-first project where the true VALUE comes from the community, not the programming talent of the devs. What makes COM special is it's a community-driven project that weeds out bad actors in the space, while rewarding good behavior. The community is governed by the COM token which inherently increases in value over time, rather than decrease in value with an inflationary supply like most tokens. So does this mean exactly?
  3. If you buy and hold COM, your tokens become more valuable over time because the total COM supply decreases. This means you own a bigger % of the marketcap.
Now, this may not seem like a big deal since most people will ever own less than 1% of the market cap. But imagine when the new money from ETH & LINK buyers continue flowing down into alts (like the Dave Portnoy boys).
And of a sudden COM is a 10 million+ market cap coin. It’s happened with lots of tiny cap alts in the ’15 and ’17 cycles, and it will happen again (that’s why they’re called cycles).
A lot of investors and traders are ignoring COM because it’s not a sexy hyped-up DeFi Ponzi-coin at the moment. But what they miss is the fact that you also have a passionate, unified community with full transparency and doing all they can to grow the hell out of this project.
Just check out their telegram chat if you don’t believe me.
When you join, instead of moonbois posting Pepe memes or people fudding and trolling, you’ll see a group of people engaged in productive discussion about how to grow the community. You see people taking their own initiative to spread the word about COM. And you’ll even see members warning others about scams while helping out the newer guys.
It’s really refreshing to see this as opposed the usual fudders, trolls and moonbois posting ridiculous gifs and memes (although that stuff can be fun too at times).
So TLDR; I’m extremely bullish on COM because of the strong community, transparent dev and leadership team, and low market cap (only $350k with deflationary supply, and zero whales …shhhhh).
I think as more money comes into Uniswap (the Uni trade volume surpassed COINBAISE a few days ago), COM is going to pop another 4-5x in the short term.
*COM stats:\*
- Total supply: ~950K
- Circulating supply: ~700k
- Current Mcap: $350k
COM Roadmap
Learn more about COM:
P.S. The current website is the original COM website. After the project launched, community members decided it needed rebranding and have already drafted a new version set to launch in 2 weeks.
Within that same week, it grew from 200 to now 700 telegram members, got listed on Coingecko, and secured DeFi partnerships, all while the price and marketcap grew.
As always, DYOR, but as you can hopefully tell, I’ve done mine and COM looks one of the best low-cap bets right now.
submitted by rawringdino to CryptoMoonShots [link] [comments]

Introducing r/CryptoCurrency Moons

Introducing CryptoCurrency Moons
UPDATE (6/1): You may notice some changes in the feature with the new iOS app release. We're working closely with Apple and will share updates as available.
TL;DR: Moons are a new way for people to be rewarded for their contributions to CryptoCurrency. Claim your Moons in the new Vault section of the Reddit iOS or Android app! They represent ownership in the subreddit, they are tokens on the Ethereum blockchain controlled entirely by you, and they can be freely transferred, tipped, and spent in CryptoCurrency.
Today we’re launching a new feature in limited communities called Community Points. Community Points are a way for users to be rewarded for their contributions with a unit of ownership in their subreddit. Community Points can be earned, tipped, won, collected, and spent on unique items within a community. Each subreddit has its own stylization of Community Points, and the ones in CryptoCurrency are called Moons.
A Moon

How do you get Moons?

Moons are distributed monthly based on individual contributions (comments, posts, etc.) that people make in CryptoCurrency. Reddit karma provides a basis for measuring people’s contribution, but the final decision is up to the community.
Initially, 50 million Moons will be distributed based on karma earned in the subreddit to date. The amount distributed each following month will start at 5 million and decrease by 2.5% every cycle, so that the total number of Moons distributed over time will approach a maximum cap of 250 million.

Distribution Schedule

What can you do with Moons?

Moons can be traded freely and used for any number of purposes within the community. At this time, they can be used to display reputation within the subreddit, unlock exclusive features like badges and GIFs in comments with a Special Membership, and add weight to votes in polls.

New Special Membership

On the Blockchain

Moons exist as ERC-20 tokens on the Ethereum blockchain, where they are managed by a suite of smart contracts that handle balances, transfers, distribution/claiming, and purchasing Special Memberships. The smart contracts and mobile apps have been reviewed and audited by Trail of Bits, an independent security firm with blockchain expertise.
As blockchain tokens, Moons are independent of Reddit. Once you’ve earned them, neither Reddit nor moderators can take your Moons away or decide what you do with them. They’re all yours.
Community Points are currently on the Rinkeby testnet (through summer 2020). We plan to migrate Community Points to the Ethereum mainnet, and Points balances will be carried over.
Note: If you send Moons to outside non-Reddit wallets or contracts, you are sending them to testnet addresses. These tokens will not show up in outside software (e.g. wallet apps, Etherscan) unless you switch to Rinkeby and use the testnet Moons contract address (0xDF82c9014F127243CE1305DFE54151647d74B27A).

How to get started with your Reddit Vault

The first Moons will soon be distributed to every active contributor in the subreddit with at least 100 karma. You can get started by claiming your Moons in the new Vault section of the Reddit mobile app, which includes more details on the start-up process and how Moons work.
Please note that you will need to set up your Vault the first time you access it, and you will need to be on the latest version of the Reddit app (2020.17.0 or later). We will be rolling the Vault out over the course of the day, so if you don’t see it now, please check back later.
See the inspiration for Community Points and get started

Thank you CryptoCurrency

We are launching Community Points today in a couple of subreddits that have opted into this experiment and with whom we will be working closely. We are very excited to have you join us in this new beginning and we’re looking forward to seeing what ideas you have for Community Points. We’ll be sticking around to answer any questions you have, so please ask away in the comments below. Thank you!
submitted by jarins to CryptoCurrency [link] [comments]

DeFi CRO Trading Competition

DeFi CRO Trading Competition
Attention DeFi holders & farmers - is launching an exclusive campaign for you to get prizes for trading DeFi tokens on the App. The total prize pool for the campaign is $20,000 in CRO Tokens.
Check out our blog for details:
submitted by BryanM_Crypto to Crypto_com [link] [comments]

Celer Joins Reddit Great Scaling Bakeoff: Exactly Matching Use Cases, in Production with Happy Users

Celer Joins Reddit Great Scaling Bakeoff: Exactly Matching Use Cases, in Production with Happy Users
Celer is a layer-2 scaling platform pioneering the technology of state channel network and hybrid roll-up. Ethereum is our home and we have a proven track record to contribute to its scalability. We propose Celer’s State Channel solution as a great fit for Reddit’s Community Points because:
  • It fits the ask with the right tradeoffs: Apps built using Celer have almost the exact same usage pattern like the Community Point. In addition, we believe for Reddit’s specific use cases, State Channel Network provides the right tradeoffs in a complex layer-2 space.
  • It is built for and battle-tested in the production environment: these apps, such as Arcade Win, Daub Cash, Solitaire Win, Bust-A-Move RMT have close to 1 million users from 85 different countries for close to a year**.**
  • UX is priority #1: newly onboarded users are using Celer layer-2 on Ethereum with the milli-second level UI interaction response and they are happy to rate UX 4.5+ stars in App Store without feeling any “blockchain slowness”.
In the following sections, we talk about how we already have in-production uses cases that are almost identical to Reddit’s requirements, why we believe state channel offers the right tradeoffs for the use cases and how we exceed the performance benchmarks by running at 4000 transactions per second and 9ms per transaction latency with just a single state channel node. Finally, we also discuss the concept of Layer-2 LEGO to have multiple different layer-2 techniques working together to address all current and future use cases in a coherent way.
The code used in the benchmark is here and benchmark video can be accessed here
For questions and discussions, we have set up a dedicated email address to receive questions related to the challenge: [[email protected]](mailto:[email protected])
We also invite the community to ask questions in the following channels to get the fastest technical responses:
You can also read the full post in the blog format. [edited for correct link]

Use Cases Walkthrough

In this section, we walk through four use cases specified in the challenge: mint & distribute Community Points (CP), CP transfer, auto subscription and CP burn. For each, we discuss the user flow of how apps are doing it today and underlying technical solutions when using state channels. For more general explanations of how state channels work, check out generalized state channel walkthrough article, and more technically, the specification, detailed walkthrough and our Devcon V talk .

💰Mint and Distribute Community Points

Celer supports this exact use case in CelerX gaming platform today. CelerX is a moible eSport platform where users can pay ETH or supported ERC-20s to enter skill-based real money game tournaments and win prizes.
The onboarding process and token claim process are recorded in real-time
When a user onboards a game, he will be automatically created an Ethereum wallet. At the same time, 100 Game Token (ERC-20 used for free practice tournaments) will be minted and distributed to this user through Celer’s State Channel Network. When users use up all Game Tokens, new Game Tokens can be redeemed. Different game developers can use CelerX SDK to have different GT in their ecosystems.
How much is it actually used today in production? Our active users perform about 30K Game Token mint&distribute per day and we are comfortably handling 150K such operations in the 5 day period mentioned by Reddit team. However, this is far from the actual limit of the software. Performance benchmarks are in the next section.
It is straightforward to swap the “Game Token” to “Community Point” and different “game developers” to “subreddits” in the above description. It’s frictionless for users and indeed, 90% of our users do not even realize that they are using blockchain and only think we use an interesting way to back up their accounts (use iCloud or write down 12 words somewhere).
Next, we dig deeper into some specific aspects of the solution in an FAQ style.
Isn’t the case that a user has to have on-chain ETH to open a channel for Community Points? Not really. Celer’s state channel network has a built-in functionality called promised channel open. This gives the possibility to have a mutually signed commitment between Off-chain Service Providers and users (Reddit or subreddit owners) to act as a promise to mint and distribute a certain amount of tokens to a user’s channel on layer-1. Therefore, it acts as a token mint in layer-2.
Does this mean that users have to store additional states or may lose their Community Points? Luckily no. Users and service providers (e.g. Reddit or subreddit owners) can store their states in State Guardian Network (SGN) by paying a fee. State Guardian Network is a decentralized watchtower solution that solves many of the state availability issues in traditional simple payment networks such as Lightning and Raiden.
If a user is offline, will his CPs be exposed to attacks? Nope again. This is what SGN is built for so that even when the user is offline, a decentralized SGN looks out for the user’s state. Other layer-2 solutions like Plasma or Rollups also have to have similar “watchtower” to monitor layer-2 state commits and transactions on users’ behalf and the involved cost in the worst-case malicious scenario is very similar.
In the state channel networks, users need to connect to some channel nodes in the network. So who acts as a user’s counterparty node? This will be the subreddit owner or Reddit itself in the beginning. This offers great horizontal scalability: each subreddit can host a cluster of state channel nodes in an independently scalable fashion with strong user proximity and connect to other subreddits in the channel network if common community points can be used cross certain subreddits.

💸Community Points Transfer

Game Token transfer experience
P2P token transfer is really the bread and butter of the state channel network. To show a use case that is in production: when two users in CelerX platform enter a 1v1 match between each other, what happens underlying is that they send a layer-2 boolean conditional payment to each other conditionally depending on the result of the game. This condition will resolve to true or false and the corresponding layer-2 payment will be established or canceled automatically off-chain after the result of the game is determined off-chain. The conditional payment is a particularly powerful construct of generalized state channel network and we will discuss more in the subscription use case. Simple CP transfer completes across the network with 1.5 Round Trip Time (RTT) end-to-end network latency in the order of milliseconds.
Envisioned State Channel Network for Reddit Community Points
Does the recipient need to be online to receive the payment? Not necessary. Celer’s state channel network has the unique capability to set Delegated Recipients to receive payment when a user is offline. The delegated recipients, in this case, can trivially be the subreddit hosts or Reddit itself in the very beginning. It is also important to note that Delegated Recipients can only sign state proof on users’ behalf and cannot actually withdraw the fund from the channel on-chain. In addition, to ensure that there is no possibility to have any state availability attack, the sender’s protocol ensures that the delegate put these mutually signed states to SGN so that when a user comes back online, he can retrieve the most recent state.
How much is it used today in production? We are processing about 80K game payments in Game Token per day. Same as before, this is far from the system limit. Benchmarks will be discussed later.

🔥Community Points Burn

Recording of Loyalty Point burn in CelerX platform
Community Points Burn is also a use case that we already implemented in production. In games built using Celer, there is a concept of Loyalty Point (ERC-20, like Game Token). Users receive Loyalty Points by competing in tournaments. Users can also use loyalty points to redeem items of real value (like Celer T-shirt). This redeeming process is precisely the token burn use case required by Reddit.
This is implemented by simply sending the token back to the layer-2 minter. In our case, it is sent back to the game developers’ Celer nodes and in the case of Reddit, it will be sent back to the subreddit owners’ nodes.
But wait, how is the token burnt if it is sent back to the minter on layer-2? In other words, would it be possible for a minter to just withdraw these tokens on-chain and send it to whoever he likes? Rest Assured. For the case of minted Community Points, the minter can act as counterparty to send out and relay points transfers, however, he is just a delegate recipient (see above discussion) of a token minting pool address. The best he can try on-chain is to withdraw the token back to the pool but cannot actually get a hold of token on-chain.

📅 Subscription Auto Payment

This is not yet live in production, but we actually have a feature coming up that uses the exact same usage pattern. To implement this use case, we use a powerful primitive of generalized state channel called Conditional Payment. To explain what a conditional payment is, let’s look at an example. When Alice sends a conditional payment with X CP to a subreddit CP minter the X CP won’t be immediately burnt but is in a “committed” state with a conditional dependency that will be resolved later. The condition can be literally anything that you can verify and get result on-chain, for example, subscription states of this subreddit and the timestamp. The final amount that Alice burnt can fall in the range between 0 to X and is determined by evaluating the outcome of the conditional dependency using any arbitrary function. In this very concrete use case, Alice can send a relatively large amount of CP as conditional payment and the resolution of the conditional payment will automatically update as the time passes by. Note that this process does not need to have any other layer-1 or layer-2 interaction so that is purely automatic.
Sending a payment that conditionally depends on the outcome of an on-chain verifiable state (off-chain or on-chain) is equivalent to sending funds to a smart contract application in layer-1 and this is one of the key differences between Celer generalized state channel solution and other simple payment channel network solutions.

Why State Channel Network Provides the Right Tradeoffs for Reddit’s Use Cases?

With so many different great layer-2 solutions, identifying a fitting solution is about identifying the right tradeoff for the specific use cases. Celer as a platform contains different techniques like State Channel Network and Hybrid Rollup to cover the entire layer-2 tradeoff space. We previously discussed different solutions’ tradeoffs. After applying these general principles to this specific case, we choose to not go to the Celer rollup solution and believe that Celer’s State Channel offer is the best fit.
Reddit’s use cases primarily concern token movement-related operations with certain flexibility requirements and it seems from the current requirements, things like “Defi + complicated yield mining based on Community Token” are not in the scope yet. Even when more complex use cases do come into the picture, it is still helpful to have a highly performant, low-cost, and flexible enough token operation core.
In this section, we take a first-principle approach to analyze the asymptotic fundamentals instead of fixated on a galaxy of possible system-level optimizations. We believe State Channel Network offers the following fundamental advantages comparing to other layer-2 scaling techniques for Reddit’s specific use cases.

⚡️Web 2.0-like interactiveness via 100X lower latency

Generalized Conditional Payment protocol sequence with 2RTT latency
Real-time and interactive UX is not optional in today’s consumer application world. Today’s Internet applications optimize latency to the level of milliseconds with well-studied results such as every additional 100ms latency on page load can drop Amazon sales by 1%.
When Community Token is widely used, we would imagine it is on a lot of users’ critical interaction paths. However, layer-2 techniques such as Plasma, zk Rollup, and Optimistic Rollup (collectively commit chains), though good for throughput (high TPS), fail when tested against this latency requirement. Let’s have a break down for commit chains’ thick latency profile:
  • Internet latency to send out transactions to gateway/block producer. This is in the milliseconds.
  • The latency for block producer to pack up a block with a batch of transactions. This is often in the seconds if not tens of seconds to control the layer-1 cost. However, for zk-Rollup this seems to be significantly longer due to proof computing.
  • The latency for the layer-1 blockchain to confirm the rollup block. This is in the tens of seconds if not minutes.
  • For non-zk rollups and Plasma, the actual finality latency (one can be sure that a transaction actually happened) is on the scale of hours to days.
Even not accounting for the finality latency, that is if a client is “heavy” enough to store, compute and verify the additional state transitions themselves (which breaks the challenge’s requirements), the latency for a transaction to reach layer-1-level security is in the tens of seconds and easily minutes under layer-1 congestion.
State Channel Network, however, offers two orders of magnitudes lower latency and gives users smoothest experience. The underlying reason for that is the so-called “instant finality”. When a user sends out a transaction in State Channel Network, all latency involved is a 1.5–3 Round Trip Time (worst-case in hundreds of milliseconds) to the counterparty to receive the mutually signed and updated state proof. Once this proof is obtained, this transaction is “final” as in there is no possibility to revert or reorg this transaction. We want to highlight that this is not a system engineering difference, but an asymptotic advantage for State Channel solutions.

💪Simple horizontal throughput scalability with maximal decentralization

Horizontal scaling by simply adding more subreddit nodes
In terms of throughput requirements, Celer’s State Channel also offers fundamental advantages. The key difference here is that State Channel Network offers a simple scale-out solution for the Reddit Community Point use cases. To add more subreddits supporting community tokens and therefore more users, it is as simple as spinning-up new Celer State Channel nodes. Each node will serve users in the “proximity” and cross different subreddits if tokens can be shared, they can be connected simply via some “backbone” links as a single and interoperable network. This offers close to linear scaling-out capacity as the number of users grows. There will be no layer-2 or layer-1 congestion.
On the contrary, all layer-2 commit chain approaches (e.g. Plasma, zk Rollup, and Optimistic Rollup) rely on a logical singleton to order transaction, compute state transition and finally batch succinct transaction summaries (proof or state root+calldata) to the layer-1 blockchain. This means that as more and more users onboard the logical singleton, there will be even congestion on layer-2 let alone the inherent congestion on layer-1. To alleviate such congestion, a simple approach is to split one commit chain into multiple commit chains in the fashion similar to layer-1 sharding. However, cross-chain communication will then pose a significant challenge with much more complicated interaction beyond the acceptable requirement of the use case.

💵 Lower transaction cost

State Channel also offers fundamentally lower transaction cost comparing to other layer-2 scaling solutions.
First, on the storage side, the amount of storage required in State Channel system is linear to the number of users in the system and has nothing to do with the number of transactions or interactions. In addition, there is no layer-1 storage required during the transaction process (send CP and burn CP). This is because state channel nodes and SGN only need to store the latest state for each node instead of the full transaction history. On the contrary, the commit-chain approaches require storage capacity to scale up with the number of transactions. What’s worse, even when transactions are happening purely in layer-2, layer-1 storage resources are also consumed to store the validity proof or state root.
Second, on the compute side, state channel requires less compute resources for off-chain transactions due to the fact that no state update needs to be computed or checked by a duplicated set of parties or waiting for any blocks. State updates are only computed and agreed upon between counterparties.

📝Flexible conditional payment primitive

State Channel like any other layer-2 technique, does not cover the full spectrum of tradeoff plane. The biggest tradeoff is that it is trading off performance and cost with the supported application patterns. If it is a use case such as minting and transferring NFT tokens (e.g. CryptoKitty)where the involved users concurrently interacting in a session is arbitrary and changing at any given time with arbitrarily unique assets, State Channel is not the best solution.
However, we do believe with Reddit’s specific use cases concentrating on token management and transfer, State Channel Network is a great fit with enough flexibility to go beyond just simple token transfers. Celer’s generalized state channel differs from simple payment channel networks (such as Raiden and Lightning) in the sense that it supports conditional payment to implement much more flexible functionalities and logics such as auto subscription with an underlying generalized payment network.

Performance Benchmarks

Celer Network’s node software is highly optimized and production-grade: it requires less than 10MB minimal memory and can support 1,000 clients on one t2.micro instance with 1CPU, 1G memory**.** The node software is also hyper scalable with support of multi-node clustering via solutions like k8s and parallel database backend via solutions like Cockroach DB.
All of the use cases mentioned in Reddit Bakeoff essentially can reduce to token transfer operations. So we focus our test on this specific benchmark. As we discussed previously Celer’s state channel can scale horizontally, we use a single-node setup with a single database backend instance for the ease of reproducing the benchmarking results through our end-to-end test.
The video of the benchmark demo can be found here.
As shown in the performance benchmark demo, with this setup, Celer Node can achieve 4177 transactions per second and an average transaction latency of 9ms with a peak memory usage of less than 200MB. We want to note that our node software has the capability to extend a single node to a decentralized cluster of nodes plus a parallel database access backend. Celer Node software can achieve more than 30,000 transactions per second with 11ms latency per transaction on a single logical node built by a 9-server cluster.
In terms of transaction cost, the only protocol cost is on storing user’s state to State Guardian Network. Each user’s state proof is around 200Bytes no matter how many transactions a user sends as the state constantly gets updated to the newest state instead of appending new states. Therefore, it is just a subscription model for a storage slot on the State Guardian Network. The pricing of state storage is dynamic and as of the initial launch of the SGN, the cost for processing the entire batch of challenge transactions and storing states during these time would be around $1.9.

Notes on the “Layer-2 LEGO”

Layer-2 tradeoffs
Layer-2 is a complex space but it is also a composable one. We believe the best solution is not to choose any single layer-2 scaling technique but compose multiple techniques together as a wholistic solution. Analyzing the Reddit team’s requirements, we believe a combination of solutions working together might offer the best tradeoff for all current and future envisioned use cases. We provide an interesting thought experiment on how to compose different techniques together.
State Channel has the capability to not only run on layer-1 blockchains but also run on layer-2 commit chains like optimistic rollups. Therefore, we can imagine a system where the entire “on-chain” operations (e.g. exit of state channel and actual instantiation of channels) are all based on layer-2 smart contracts on optimistic rollup chains. This gives the flexibility to build very complex use cases like Community Token liquidity pool on rollups. At the same time, when it comes to real-time interaction, token distribution and token transfer, state channel network operating on top of a layer-2 rollup chain will take the load and give end-users the smoothest user experience possible.
We believe this should be an exciting future for Layer-2 scaling on Ethereum.
submitted by no89key to ethereum [link] [comments] Exchange upgrade complete! Exchange upgrade complete!

New Matching Engine, OMS & REST/Websocket APIs, 10x performance.
New infrastructure, new promos:
🔥 0% trading fee for 1st 90 days for new users 🔥 50% trading fee reduction for existing users
Sign up to the Exchange now!
Read the blog for more details:
submitted by BryanM_Crypto to Crypto_com [link] [comments] Exchange Launches the Trading API Race with $1M+ prize pool Exchange Launches the Trading API Race with $1M+ prize pool
First 1,000 eligible API traders to receive $1,000 each
Following the successful launch of the Exchange REST API and WebSocket API Version 2 (V2), we are inviting all retail API traders to join the Exchange and get a chance to win up to $11,000 USD worth of CRO.
Campaign Rewards: Total prize pool of US$1,145,000 will be distributed as follows:
  • The first 1,000 eligible participants (see criteria below) will receive a reward of $1,000 USD worth of CRO each.
  • The eligible participants with the highest transaction volume by the end of the campaign will receive an additional reward of:
  • Rank 1: 10,000 USD worth of CRO
  • Rank 2-10: 5,000 USD worth of CRO
  • Rank 11 - 100: 1,000 USD worth of CRO
The Trading API race starts now!
Campaign Eligibility:
  • At least $100,000 USD of transaction volume on any USDT pairs using the V2 API before the end of the campaign
  • At least 1,000 transaction count on any USDT pairs using the V2 API before the end of the campaign
  • At least 5,000 CRO additional stake on the Exchange before the end of the campaign
How to use the V2 API:
  • V2 API documentation: here
Campaign Timeline:
  • Begins: Wednesday, 1 July 2020, at 07:00 AM UTC
  • Ends: Friday, 31 July 2020, at 07:00 AM UTC
Not yet a user of the Exchange? Sign up now and trade with low fees and deep liquidity, and buy tokens at up to 50% off!
  • All non-institutional users who completed KYC advanced on the Exchange can participate.
  • Any trades that are executed through bad trading practices in’s absolute opinion, including but not limited to wash trades, false trading, self-dealing or trades that display any attributes of market manipulation (“Disqualified Trades”) will not be counted towards the transaction volume of the participant.
  • Transaction count refers to the unique number of buy and sell orders created using the V2 API; transaction volume refers to the total traded volume from buy and sell orders created using the V2 API.
  • A daily leaderboard will show all the eligible participants and their ranking by transaction volume. The eligibility of participants will be verified by after the campaign ends and the final results will be published.
  • reserves the right to cancel or amend the campaign rules at our sole discretion.
  • The CRO prize will be sent within 7-14 days after the campaign ends to the winner’s CRO wallet on the Exchange.
  • All personal data collected is used strictly for verification purposes only. By accepting the prize, winners agree to the Privacy Notice of, which is published at
submitted by BryanM_Crypto to Crypto_com [link] [comments]

Statistical Edge Trading

Statistical Edge Trading

Statistical Edge Trading

Have you ever traded with statistical edge? Our Allen trade talks about backing up the trading network and leveraging it from excellent newspapering. This is a stage that is undermined by many traders but fairly, it can be a crucial factor in boosting your trust and believing in your system. For those interested in this sort of research, you can check out the FTMO Statistical Application.
Trading with a Statistical edge
Although many traders back-test and record their trades to verify the trading system 's feasibility, monitoring and using the data to maximize both your stop loss and profit goal is a tremendous advantage. Two of the most critical pieces of data that I record when reporting trades is the drawdown and the benefit potential.

The drawdown, to be sure, is how far a trade goes against my place before it goes in my favour.

Whereas the benefit potential is the maximum distance from my entry which the trade moves in my favor. It isn't important and it's uncommon, in general, that I actually exit the trade. Yet definitely coming out at or as close as can be.
Firstly, I record my trades in two ways, using screenshots of the charts themselves where I annotate my entry, date, type of trade and all other relevant details related to my methodology, such as strength and weakness analysis , multiple time frame analysis and correlation. I also note on the map the drawdown and benefit potential of the trade.

Then I go through my Excel spreadsheet with main details. See "excel" below.

Excel spreadsheet with main details.

This includes the date, day, session, pair, time, route, entry price, closing price, type of setup, type of entry, type of exit, drawdown, potential for benefit and outcome. I then let excel do all the heavy lifting for myself as I can sort my trades numerous ways, by day, by session, by pair, by route, by type of set-up etc.

But where the really cool stuff is under the "Mind-blowing stats" tab where I have some of the above filterable statistics that will help me to optimize both my stop loss and my benefit goal.

Here is a summary of the specification.

When you use a risk percentage account to calculate your position size (as you should), so the lower the pause, the larger a position size you will trade in. The stop must, therefore, have a high likelihood of remaining. The vast majority of trading books, guides, videos, etc., advise that after a recent high / low swing, the stop will be many pips.

But my trade documents helped me to come up with a statistical advantage for my stoppage placement.

As can be seen in the "Drawdown" tag, Trading my Type 1 BO (breakout out) on GBPAUD, 79.55 percent of the time my drawdown was less than 25 pips, although it was just 81.82 percent at 30 pips and 84.09 percent at 35 pips.

Statistical Edge Trading
So when using a larger pause, an extra loss or 2, the advantage of having a greater size of the place and thereby netting more money makes the extra loss(s) inconsequential.

Furthermore, the income goal can also be optimized.

Looking at the "Profit Potential" connection and remaining on GBPAUD again for my Type 1 BO trades, we can easily see that almost 80 percent of the time, those trades get between 20 and 30 pips.

Statistical Edge Trading (b)
It is a perfect place to take off 1/2 of the spot and push the stop to flat. So we can let the rest of the half run to about 50 pips where 59.09 percent of the trades touch.

Obviously market conditions aren't always the same, so if you can recognise when they are, i.e. linked moves or strengthening or weakening other classes (commodity pairs or safe haven pairs), then you can make educated decisions about how far a trade will go.

Statistical Edge Trading (meme)

I hope this information 's helpful to you.

Eva " Forex " Canares .
Cheers and Profitable Trading to All.

About FTMO -
They fund forex traders. Just Pass their risk management rules and begin trading for their company. They'll provide you capital up to $300k USD for trading the financial markets. 70% of profits you keep and losses are covered by them. How does it work?
How to Become a Funded Forex ,Stocks or CryptoCurrency Trader?
submitted by Eva_Canares to FTMO_Forex_Trading [link] [comments]

Reddit is rolling out "community points" (cosmetically monetized karma) in /r/FortNiteBR and /r/Cryptocurrency

As a brief summary, users are rewarded by how much they've contributed to the subreddit (using karma) in points which they can then spend on reddit cosmetics. Points, as are rewards are per subreddit and stored on the Etherium blockchain as ERC20 tokens, thus, in theory, can be traded. Currently cosmetics are locked behind a monthly token payment and include badges (new reddit's version of subreddit flair) and embedded gif replies. Currently, only the mobile apps (thus new reddit) seem to be supported.
For more detail see their FAQ1 and the linked medium article2
I've only recently found out that this has previously happened in 2018 for /EthTrader3. Given the nature of reddit's search feature I've collated some links:
There's discussion everywhere that I thought may be interesting to members of this subreddit. /CryptoCurrency being very familiar with ERC20 have done some analysis on point distrubution9, comparison between subreddits10 and discussion on how this will impact content11. On the other hand /FotNiteBR have started making memes12, 13 but are slowly discovering how things work14, 15, 16, 17, 18, 19
Personally there's a few interesting things to discuss:
submitted by QQII to TheoryOfReddit [link] [comments]

Promote PrimeBit over next 30 days and Get Extra $25

Promote PrimeBit over next 30 days and Get Extra $25
PrimeBit is growing like crazy. Everybody hopped on the crypto contracts bandwagon, and we offer:
  • liquid market
  • straightforward contracts
  • free accounts with no minimum deposits
  • and simply the best trading app.
In July, we have soared over 32,000 users recently without any major advertising campaign - just through recommendations, and an affiliate network that offers a 30% revenue share.
Additionally, you earn a 5% commission from the affiliate income of the people you brought in. This is a market-leading multilevel structure that fuels our development.
Ok, new crypto traders keep on registering, but we want to grow even faster. That’s why we launch a promo for new affiliates.
It’s enough you bring in at least one new trader, who makes any deposit. The prize pool is $250 and we will pick 10 winners.
That’s it. We give you an opportunity to build your own affiliate network and earn snowballing affiliate revenue. Do it now, and you’ll get $25 extra!
The promo starts on July 29. We will announce the winners on September 1.
How to start? You don’t have to invest anything. Just sign up for a free PrimeBit account, copy your referral link, and share it with everyone.
Here’s how to find it on the desktop version of PrimeBit WebTrader App:
And on mobile devices:
Copy, share, build a snowballing passive income, and grab $25 extra!
Click here to sign up or to login to your PrimeBit account
submitted by PrimeBitExchange to u/PrimeBitExchange [link] [comments]

We created a quant trading bot for beginners that trades on Binance

We created a quant trading bot for beginners that trades on Binance
TLDR: Used to create strategies on TradingView and manual trade, most bots were overly complex or too basic. decided to create our own.
I've used TradingView for awhile now, creating my own or modifying community submitted strategies and setting price alerts, going onto the exchange to manually trade. I've also tried a few crypto trading bot apps but found it either overly complicated, taking way too long to set up or bots that did not have a strategy for buying in or exiting positions, almost like just a market buy and TP order on the exchange itself.
We decided to create a bot that is easy to use and gives them access to trading strategies and backtesting tools. Each CryptoHero bot can be set up in just under a minute. The bots will use pre-set popular technical indicators, currently we support a few basic technical indicators: EMA, RSI, Stoch RSI and Bollinger Bands. We also hope to add more automation with machine learning to optimize the strategies.
Currently it's only on iOS, the bot connects to your Binance account through API so your coins are still on Binance, CryptoHero only has the permission to trade your coins.
It's a freemium app, we are looking to give away 3 month of premium early access codes for early users that can give us feedback. We'll drop the codes on this space and across our other touchpoints, you may request one directly too from the Telegram group :)
More info:
Product Hunt:
submitted by CryptoFinn to BinanceExchange [link] [comments]

TkeyNet: release date, a brief analysis of the system, future plans

TkeyNet: release date, a brief analysis of the system, future plans
During the development of the project, we published 3 documents about the technology that we are developing and preparing for the market. Some decisions were changed, but the main idea and goal remained the same — effective financial management.
Since the ICO boom, several years have passed, blockchain and cryptocurrencies have become synonymous and are perceived only as a means of earning money and the obvious advantages of using the technology itself in combination with others are of little interest to anyone. A user, business representatives, or some government officials associate the word “blockchain” directly with cryptocurrency or Bitcoin, without thinking about using systems built on a distributed registry in the current reality.
As we mentioned above, during the development of the project, several documents were published in which we announced our technology and clearly said that we are mixing modern concepts and approaching the market from an economic and scientific point of view, borrowing the best from Bitcoin, Ethereum, DASH, and other alternative currencies.
It is important to note that the concept of Bitcoin or Monero will be different from the concept of TkeyNet. These are other areas and practical application that some market participants may perceive as similar, but this is far from the case.
“When you innovate, you must be prepared for a prolonged lack of understanding of your actions on the part of your environment. You can do something you believe in, but for a long time, people who only wish you well may criticize your endeavors. When faced with such criticism, ask yourself — Are they right? And if you answer this question positively, accept the criticism and adjust your work accordingly. If the answer is negative, if you are firmly convinced of your rightness, you should prepare for a long defense, defending your positions. This approach is a key component of innovation.” ©
The idea of Bitcoin is beautiful, even if it has not yet been accepted by society as planned, but at least the idea of using Bitcoin as a means of accumulating value and storing savings has a place to be. Bitcoin actively strives for a high price mark and dominates the market by more than 50%, and this is a great result. Bitcoin set the necessary vector for many developers around the world, people were able to review the systems used and make their own decisions based on the Bitcoin core, for example, DASH or Ethereum, and users, in turn, learned about such a phenomenon as cryptocurrency.
In General, what was this introduction for? That TKEY should be considered as a universal asset, without defining it as a cryptocurrency. The question may immediately arise, why is this so? It doesn’t have explicit currency properties? Bitcoin also does not have the properties of cash but is called a cryptocurrency, and the types of applications of the peer-to-peer payment system Bitcoin and TkeyNet can differ significantly from each other.
The purpose of this publication is to tell you about the new features of TkeyNet, when the official transition to the new Protocol will take place, and why TKEY is a universal asset that simply needs liquidity? In General, we will talk about the clear advantages of switching to new technologies that we have been striving for so long and about your benefits of using them accordingly.

What is TkeyNet, and what are its advantages?

TkeyNet is an infrastructure that combines various solutions for users, businesses, and the public sector. Secure corporate networks, payment processors, liquidity, cross-border payments, trading tools, information security, instant exchanges, investment tools. One platform — millions of opportunities.
When creating TkeyNet, we immediately turned to e-cash protocols, concepts of electronic currencies, considered the movements of Bank international transfers, and also drew attention to the obvious complexity of these systems. Therefore, to build a high-quality architecture of TkeyNet, the team took as a basis — blockchain technology, cryptography, payment and banking system, electronic cash protocols, exchanges, stock markets, DHT, and other p2p networks.
Now more than ever, businesses, users, and most financial market participants need reliable and modern systems that will meet the needs of the market.
For example, a user wants to quickly send funds to another user, and they do not want to think about how the blockchain works and who the “miners” are and what they do for the network. Any of us want to open the app and click a few buttons on the screen to pay for a particular service or send money to relatives abroad and the most importantly, know that the funds will reach you quickly and with a minimum Commission. Or let’s say you came to India, you have some funds in Bitcoin, but you would like to pay for your purchases in the local currency — the Indian rupee without extra conversions.
You are the owner of a payment system or Bank, and you want to receive % for conversion transactions, or banks want to create their consortium for cross-border payments. Either you are an entrepreneur and plan to open an exchange or trading platform for trading various assets, not necessarily digital, but, for example, gold and diamonds, or you are a young and purposeful startup team and want to quickly launch your Digital Bank, or you do not want to do business, and you have several million euros or dollars, you want to get % of their use.
TkeyNet makes these features available to all participants.
As we can see with you, there are quite a lot of use cases, and it may seem that TKEY is again torn into 100500 different directions, but this is far from the case. Here, a specific and clear direction is Finance and its movement.

How TkeyNet works

Remember, we said that — “to develop the platform on a global level, it is necessary to reach a consensus between government regulation, business, and society. We understand that it is impossible to achieve 100% of this, but it is possible to create favorable conditions favorable to all parties.”
How will the system work? All participants are connected to the system using TkeyNet technology that allows the financial gateway to control their transactions with increased speed, transparency, and efficiency. Independent verification servers constantly compare their transaction records. To hack the system, you will need to get access to all the devices that are logged in.
TkeyNet solutions offer a cryptographically secure, end-to-end payment flow with the immutability of transactions and redundancy of information contained in them. It is developed to meet each financial gateway’s risk, privacy, and compliance requirements. Since the software is developed to be easily integrated into the existing financial infrastructure, it minimizes any integration costs and failures, and also meets international standards (ISO, etc.).

TkeyNet can be a neutral utility for financial institutions and systems

A gateway is an organization that allows users to invest money and take money out of a pool of liquidity. The gateway accepts currency deposits from users and issues balances to the TkeyNet blockchain.
TkeyNet Protocol provides a single source of truth for counterparties while maintaining the confidentiality of payment data of Bank clients.
TKEY is a universal bill (digital obligation) in the distributed registry TkeyNet.
Gateways install specialized software for interacting with the distributed registry and other system participants. Users, brokers, and other participants interact with the system via mobile or web interfaces. Gateways act as a link between the distributed registry, brokers, users, and other services that allow you to make quick transactions.
The participants of the system make payments between themselves by using cryptographically signed transactions denominated in digital obligation. This type of transaction uses an internal registry.
In the case of working with Fiat currency and other assets, such as securities and precious metals, the registry records the amounts owed with assets presented as debt obligations. All accounts and transactions are cryptographically secure and verified algorithmically. Payments can only be authorized by the account holder, and all payments are processed automatically, without any third parties or intermediaries. The TkeyNet Protocol checks balances and accounts inside the system for transferring payments and sends payment notifications with minimal delay, which ensures fast calculations in the system.
For more specialized solutions can be created by the Central gateways and the gateways just. A Central gateway is an organization that allows users to invest money and take money out of the liquidity pool. Gateway is an organization that interacts with the Central gateway. Accepts and exchanges digital liabilities for other assets, such as securities.
TkeyNet globally reduces the number of different expenses and automates operational tasks, simplifies and reduces the cost of conducting monetary transactions, and improves traditional financial services.
We understand that it is not easy to tell all the principles of the TkeyNet system in a single publication, especially one that deals with neither one nor two issues. Therefore, you should consider this material as a basis, a base that will help you learn the information that is related to the TkeyNet Protocol most easily after the release of TkeyNet.
Moving a little away from corporate solutions, we suggest you recall some theses from our roadmap, which was published on the official website in the period from September 2018 to November 2019:
“The introduction of the exchanger in web wallets and the app will allow users to send money in one currency, and the recipient will receive it in another currency. For example, a user can buy Tkeycoin for dollars and exchange it for euros or Bitcoin or Ethereum at the current exchange rate.This functionality provides full control of funds through a single trusted and most secure source. Users no longer need to create multiple accounts on third-party resources to make an exchange into a particular currency.With the development of the network, it is possible to implement a multi-exchange that works on the principle of a payment bridge, when the user sends funds to Tkeycoin, and the recipient chooses the receiving currency, let’s say Litecoin, the funds are automatically converted” ©
We wrote above that TKEY can in principle be used as a universal asset, acting as a digital obligation or an asset as an exchange. By the way, references to this were also published on the official website — In simple words, using one of our web interfaces, you can access TKEYRUB or TKEYUSD or any other asset, such as TKEYGOLD.
TKEYUSD, TKEYRUB, and TKEYGOLD are symbols and can be called differently in the system, for example, TKUSD or GOLDTKEY, so now they should be considered as an example.

Why is TKEY a universal asset?

As before, you can easily and quickly send TKEY to any member of the network and TKEY will have liquidity on the exchange also, TKEY allows you to fast exchange for euros, dollars, or other currencies.
For the interface, the applications will display functions of digital assets 1:1 to a particular currency, for example, TKEY to RUB, TKey to EUR, or TKEY to Dirhams or TKEY to the pound and vice versa, respectively.
Therefore, as we said above, TKEY should not be regarded as a cryptocurrency, it is a universal unit inside the system TkeyNet, which may refer to transaction information as exchanges of obligations between banks and transaction TKEY -> TKEY between users, or to carry information about the exchange on the exchange or the exchange of digital assets or gold variations quite a lot, for most of the functions we describe in the release day TkeyNet.

What are the advantages for companies and developers?

First of all, we strive to open the doors for all platform participants. Only through synergy and cooperation can we accelerate the pace of development of the entire system and the introduction of new technologies in the market.
The platform will open doors for developers, who in turn can create technological solutions based on TkeyNet. A working environment will be created, and integration with the TkeyNet platform will be as easy as with the documented SDK or plug-ins. In the course of development, API documentation and ready-made SDKs for developers will be published.
This will make it easy to use and implement TkeyNet technology in various types of applications, for example, you want to create fast exchanges, we provide you with a framework, back-end, and API, and you create a front-end and launch your service, get your Commission, and are an independent project in the market. An important point is that integration into the existing infrastructure takes place while maintaining the decentralization of the TkeyNet system so that all its internal and external operations remain confidential and verified at the same time.

What are the advantages for users?

This means getting a universal tool for working with financial markets and easily converting an asset into any other asset: euro, dollars, or gold.
Also, TKEY owners should clearly understand that the more the system develops and there are more participants, namely the corporate segment, projects, and partners, the company will be more stable and thus the project assets will grow stronger.
The popularity of the platform and trust in it directly affects the price of assets, these are the key points of growth signs, the wider and more influential the spread of the company in various areas, the higher its performance in the market.

When will the long-awaited transition to TkeyNet take place?

What changes will be made to the products?

As you understand, everything will change, and this is for the better. At a minimum, products will become faster, lighter, safer, and more versatile.
Changes and new releases will be released as soon as they are ready. In TkeySpace, the TKEY libraries will be rewritten under TkeyNet. A web version of the wallet will appear, and eventually, an application with an exchange interface will be released for quick trading and exchange of various assets, not limited to digital ones. The Tkey Messenger will be adapted for TkeyNet and will be released for previously announced platforms: iOS, Android, Linux, macOS, Windows immediately with the ability to translate directly in the messenger. We will tell you about the messenger architecture on the release day.
All changes and releases will be published and announced after the release of TkeyNet.

What is radically new in TkeyNet?

There will be funds, the Protocol will become much more universal, as well as the TKEY itself. The Protocol will also exclude the possibility of attacks that could have been in Core 1.0, also, the principles of the platform will change. We will publish all technical specifications on the day of release.

Timeline for switching to TkeyNet

The transition to TkeyNet will not take place until August 2020. We will release news and instructions for switching to TkeyNet, so we recommend that you subscribe to the newsletter immediately:

Listing on crypto exchanges

The liquidity of the TKEY asset is urgently needed for the development of the entire TkeyNet system, so the company will provide trading platforms for TKey trading and exchange.


The introduction of technologies using digital currencies will create the fastest transition of users and the corporate market to a new level.
FinTech direction makes it possible to manage finances in the most efficient and secure way, without violating the law. This system simplifies, reduces the cost of conducting monetary transactions, and actually improves traditional financial services.
The solution is interesting to everyone who works with money and is used to getting maximum efficiency from it: business, investors, traders, users of banking solutions, the corporate segment, etc. When using the system, large businesses get solutions for interacting with customers online, without using specialized points.
We, in turn, are open to various offers and cooperation on flexible terms. If you have any suggestions or interesting concepts, please contact us at [[email protected]](mailto:[email protected]).
submitted by tkeycoin to Tkeycoin_Official [link] [comments]

Spreading Crypto: Why Do Crypto Normies Need a Bank?

Spreading Crypto: Why Do Crypto Normies Need a Bank?
This is the fourth post of our Spreading Crypto mini-series, where we look at what it’ll take for this tech to reach broader adoption. We’ve previously discussed protocols and how they become widely adopted, the state of crypto applications today, and the different strategies used to launch a crypto app to the masses.
Today’s post examines how Genesis Block fits into the picture of broader crypto adoption. The power of crypto & blockchain is that anyone can become their own bank. This tech allows us to get rid of banks. Why would we need a new, crypto-powered bank like Genesis Block? Is this a contradictory concept? Today we’ll answer these important questions. Let’s dive in.

Genesis Block: The Bank

I’ve always disliked the entire banking industry. I never thought their work added much value to the world. I saw bankers — especially the Wall Street types — as greedy, blood-sucking vampires. I pictured them swimming in their piles of riches like Scrooge McDuck. Only caring about themselves. Unafraid to trample on anyone who stood in their way. All for their bottom line and profit.
I never imagined that I’d become a banker. Major plot twist.
So, how did this happen? Well, after many years of working within crypto, I saw this as a clear need and opportunity. The most promising use-cases to emerge within the crypto industry are primarily around financial services — things like lending, borrowing, saving, investing, payments, and insurance (in upcoming posts we’ll diving into Decentralized Finance — DeFi).
These popular crypto use-cases map very closely to the types of services that banks already offer. Consumers know exactly what a bank is and does. By using the “bank” concept, we’re able to leverage centuries of marketing and education that has already been done.
That’s why we’re building a “bank.”
The “bank” itself is not the big idea. The big idea is to leverage decentralized technology to unlock financial opportunities for people all over the world. The big idea is to help people achieve greater economic freedom. The big idea is to build a world-class application that solves people’s problems and meets their needs.
This new, digital bank is just the vehicle, the vessel, the agent. It’s the channel where we hope to deliver this value. It’s the “killer app” that can take crypto to the masses.

Does Crypto Need a Bank?

The power of crypto is that anyone can become their own bank. With nothing but a smartphone, you can store your wealth and nobody can take your money. You can send funds to anyone, anywhere in the world and nobody can stop it. It’s a game-changer.
There are circumstances where becoming your own bank can mean the difference between life and death. Imagine a refugee family that wants to safely protect their years of hard work — their life savings — as they travel across borders. Carrying cash could put their safety or money at risk. A few years ago I spent time in Greece at refugee camps — I know first-hand this is a real use-case.
Or imagine a family living under an authoritarian regime — afraid that their corrupt or oppressive government will seize their assets (or devalue their savings via hyperinflation). Citizens in these countries cannot risk putting their money in centralized banks or under their mattresses. They must become their own bank.
These use-cases are inspiring and powerful.
But what about everybody else? What about the billions of people around the world who aren’t living under such difficult circumstances?
Crypto allows us to get rid of banks. Do we really need a crypto-powered bank like Genesis Block?
Absolutely, yes.
For most users, having a bank — a secure, trustworthy, compliant, transparent, digital, mobile bank — will make all the difference between crypto adoption and oblivion. For the billions of normies out there, putting money in a bank like Genesis Block will be safer, easier, and financially more rewarding than if they were to become their own bank.

Analogy: Email Hosting

To help illustrate my point, let’s do a comparison with Email Hosting. I’m familiar with email because that’s what first got me into decentralized protocols back in 2014.
Because email protocols are open-source, users have the choice of where to host their email. If someone has the expertise, motivation, and time to set up their own email server, they can host their own email. Alternatively, if they value simplicity & convenience more than control, they can set up their email with Google or Microsoft in a matter of minutes (there are many email hosts including ProtonMail if privacy & security are a priority). The email will function properly in any of those options because the protocols are open and interoperable. Users can always migrate their email somewhere else later.
Those who set up their own email server will have absolute control over all the knobs and levers of spam protection, security settings, access control, rate limiting, etc. In a sense, they will have become their own “email bank” — only they have access to their email. They control everything.
However, it’s not realistic to expect the majority of people (the masses) to set up their own email server. Nor is it something that we should promote or encourage.
Most have no idea where to even begin. Could they stumble through Youtube tutorials to get through it? Maybe. But why? What would be the point?
There are teams of highly-paid professionals who have been setting up email for decades at Google, Microsoft, and ProtonMail. They have fine-tuned and optimized every aspect of the configuration. They know how to keep it secure. They know how to keep data protected. They know how to guard against spam. They know the best practices because of the years of experience and the millions of email servers that they’ve already set up. And they can get it done in a fraction of the cost and time that it would have taken an average user.
Other than for exceptional circumstances, there is just no reason that the common person should try to host their own email — especially when they can so easily tap into the expertise and experience of email professionals.
Based on available email data, my point has already proven true. Most of the world has opted for a hosted email solution like Google or Microsoft. The masses prefer products that are simple and convenient.

Crypto: DIY Bank vs Hosted Bank

Like email, crypto is built with open protocols. There is no monopoly on the types of applications that can be built or used because the protocols are open-source. Users have a choice of where they can store their digital money — or where to “bank.” The many wallets, platforms, and applications are all interoperable with each other. Users can easily move their funds from one service to another, just as they can move their email from one host to another.
A user can store their crypto on Coinbase (a centralized exchange) or they can store it themselves and become their own bank (using a non-custodial wallet or dApp which we’ve covered previously). The former option would be similar to hosting your email on Google. The latter option would be like setting up your own email server, hosting it yourself.
It hasn’t made sense for the masses to set up their own email server. And it certainly doesn’t make sense for them to try and set up their own bank.
The billions of normies out there simply don’t need to become their own bank. Nor should we encourage it.
What’s the worst that can happen if someone botches the setup job on their own email server? They may lose emails, data, and documents. What’s the worst that can happen if someone botches the setup of their own bank? They could lose their entire life savings.
When it comes to crypto and money, the stakes are so much higher. They’re as high as it gets! The consequences of not doing it correctly can be devastating. If people all over the world are losing their money this would be a major setback on our quest for broader crypto adoption.
The masses should not be trying to set up their own bank. They should store their money with a “hosted” bank —kinda like how most people store their email at Google or Microsoft. Leave it to the experts and professionals. This approach shouldn’t just be a recommendation — it should be the default. It should be what our industry is pushing for, propping up, and promoting.

Experts & Professionals

When it comes to crypto and money, normies should be leaning heavily on the expertise & experience of real professionals. They should be putting their money in places that have teams of wildly overpaid security engineers whose only job it is to guard, protect, and secure the funds. At Genesis Block, we’re working with best-in-class custody providers like BitGo and Coinbase.
Normies should be putting their money in places where the teams are deeply familiar with the tech, know how to best leverage it, and know how to safely generate value.
Our team at Genesis Block has been in this space for many years. We’ve built protocols. We’ve done a lot of investing, trading, yield farming, liquidity mining, etc. We understand the risks and opportunities of these innovative, decentralized protocols — especially in the world of Decentralized Finance (DeFi).
Normies should be putting their money in places with a proven track record. Companies that have been in the institutional lending & borrowing markets for years. Companies with strong balance sheets and squeaky-clean reputations. At Genesis Block, we’re working with world-class institutional partners like Genesis Capital and Cumberland.
Normies should be putting their money in places that are compliant, regulated, and audited. Users want transparency. They want to know that there are checks & balances — real accountability. At Genesis Block, we’re working with regulators across the globe. We’ve also partnered with Evolve Bank & Trust and Visa — each with strict security, compliance & accountability policies.


If we want this tech to reach broad adoption, we should do everything we can to deliver maximum value to end-users. That value is unlikely to be achieved if we’re pushing the masses to set up their own DIY bank.
Maximum value occurs when normies put their money with experts like Genesis Block — where teams of highly-paid professionals are putting years of experience, knowledge, and best practices to work on behalf of users, every day. Where teams of crypto ninjas are storing, managing, investing, and growing crypto in a way that normies simply cannot. Where economies of scale are available. Where learning, research, experimentation never ends. Where upgrades, bug fixes, improvements never stop.
So does crypto need a bank like Genesis Block? Can it help with growing adoption? Should we be encouraging the masses to use Genesis Block?
If you’ve read this far then I think you already know the answer. Yes, of course.
But will it behave like all the legacy, greed-filled banks of the past that so many of us dislike? Of course not. We’ll get into those differences later.
A new digital bank that’s powered by blockchain technology is the perfect killer application that can take crypto to the masses.
For the billions of normies out there, putting money in a digital bank like Genesis Block will be simpler, more secure, and financially more rewarding than if they were to become their own bank.
Other Ways to Consume Today's Episode:
We have a lot more content coming. Be sure to follow our channels:
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
submitted by mickhagen to genesisblockhq [link] [comments]

Spreading Crypto: In Search of the Killer Application

Spreading Crypto: In Search of the Killer Application
This is the second post of our Spreading Crypto series where we take a deep dive into what it’ll take to help this technology reach broader adoption.
Mick exploring the state of apps in crypto
Our previous post explored the history of protocols and how they only become widely adopted when a compelling application makes them more accessible and easier to use.
Crypto will be no different. Blockchain technology today is mostly all low-level protocols. As with the numerous protocols that came before, these new, decentralized protocols need killer applications.
So, how’s that going? Where is crypto’s killer application? What’s the state of application development within our industry? Today we’ll try to answer those questions. We’ll also take a close look at decentralized applications — as that’s where a lot of the developer energy and focus currently is. Let’s dive in.

Popular Crypto Applications

The most popular crypto applications today are exchanges like Coinbase and Binance — each with tens of millions of users. Other popular crypto exchanges include Kraken, Bitstamp, Gemini, and Bitfinex. In recent years, new derivatives platforms have emerged like FTX and Deribit.
The most popular crypto applications today are primarily focused on trading, speculation, and finance. This class of applications dwarfs all other types of applications in terms of users and growth. That’s either a sign of strong product/market fit, or we just haven’t yet discovered other good use-cases. Or a mix of both.
Beyond the fact that the most popular crypto applications are all used for speculation, another common thread is that they are all centralized.
A centralized application means that ultimate power and control rests with a centralized party (the company who built it). For example, if Coinbase or Binance wants to block you from withdrawing your funds for whatever reason (maybe for suspicious activity or fraud), they can do that. They have control of their servers so they have control of your funds.
Most popular applications that we all use daily are centralized (Netflix, Facebook, Youtube, etc). That’s the standard for modern, world-class applications today.

Decentralized Applications

Even though the most popular crypto applications are all centralized, most of the developer energy and focus in our industry is with decentralized applications (dApps) and non-custodial products.
These are products where only the user can touch or move funds. Not even the company or developer who built the application can access or control or stop funds from being moved. Only the user has control.
These applications allow users to truly become their own bank and have absolute control of their money.
They also allow users to perform blockchain transactions and interact directly with decentralized protocols. Some of the most popular non-custodial products include Ledger, MetaMask, and MyCrypto (#ProudInvestor).
While the benefits of this type of application are obvious (user has full control of their funds), it comes with a lot of tradeoffs. We will cover that later in this post.

Libertarianism + Crypto

If the most popular applications tend to be centralized (inside and out of crypto), why is so much of our community focused on building decentralized applications (dApps)? For the casual observer, that’s a reasonable, valid question.
“Not your keys, not your coins.”
This meme is endlessly repeated among longtime crypto hodlers. If you’re not in complete control of your crypto (i.e. using non-custodial wallets or dApps), then it’s not really your crypto.
Engrained in the early culture of Bitcoin has always been a strong distrust for centralized authority and power — including the too-big-to-fail government-backed financial system. In the midst of the Financial Crisis, Satoshi Nakamoto included this headline in Bitcoin’s genesis block: “Chancellor on brink of second bailout for banks.” There has always been a close connection between libertarianism & cryptocurrency.
So it’s no surprise that much of the crypto developer community is spending their time building applications that are non-custodial or decentralized. It’s part of the DNA, the soul, the essence of our community.

Personal Experience

When I was at Mainframe, we built Mainframe OS — a platform that developers use to build and launch decentralized applications (dApps). I’m deeply familiar with what’s possible and what’s not in the world of dApps. I have the battle scars and gray hair to prove it. We’ve hosted panels around the various challenges. We’ve even produced videos poking fun at how complicated it is for end-users to interact with.
After having spent three years in the trenches of this non-custodial world, I no longer believe that decentralized applications are capable of bringing crypto to the masses.
While I totally understand and appreciate the ethos of self-sovereignty, independence, and liberty… I think it’s a terrible mistake that as a community we are spending most of our time in this area of application development. Decentralized applications will not take crypto to the masses.
Mainframe OS

Overwhelming Friction

The user friction that comes with decentralized applications is just too overwhelming. Let’s go through a few of the bigger points:
  1. Knowledge & Education: Most non-custodial products do not abstract away any of the blockchain complexity. In fact, they often expose more of it because the most loyal users are crypto nerds. Imagine how a normie n00b feels when she starts seeing words like seed phrases, public & private keys, gas limits, transaction fees, blockchain explorers, hex addresses, and confirmation times. There is a lot for a user to learn and become educated on. That’s friction. The learning curve on this is just too damn high.
  2. User Experience: It is currently impossible to create a smooth and performant user experience in non-custodial wallets or decentralized applications. Any interaction that requires a blockchain transaction will feel sluggish and slow. We built a messaging app on Ethereum and presented it at DevCon3 in Cancun. The technical constraints of blockchain technology were crushing to the user experience. We simply couldn’t create the real-time, modern messaging experience that users have come to expect from similar apps like Slack or WhatsApp. Until blockchains are closer in speed to web servers (which will be difficult given their decentralized nature), dApps will never be able to create the smooth user experience that the masses expect.
  3. Loss of Funds Risk: There is no “Forgot Password” functionality when storing your own crypto in a non-custodial wallet. There is no customer support agent you can ping. There is no company behind it that can make you whole if you make a mistake and lose your money. You are on your own. One wrong move and your money is all gone. If you lose your private key, there is no way to recover your funds. This just isn’t the type of customer support experience people want or are used to.
Onyx Messaging App

What Our Industry Has Wrong

Decentralized applications will always have a place in the market — especially among the most hardcore crypto people and parts of the world where these tools are essential. I’m personally an active user of many non-custodial products. I’m a blockchain early-adopter, I like to hold my own money, and I’m very forgiving of suboptimal UX.
However, I’m not afraid to say the poop stinks. Decentralized applications simply cannot produce the type of product experience that mainstream consumers expect.
If the goal is growth and adoption, as a community I believe we’re barking up the wrong tree. We are trying to make fetch happen. It isn’t gonna happen. Our Netscape Moment is unlikely to arrive as long as we’re focused on decentralized applications.
\"Mean Girls\" movie
There’s a reason why the most popular consumer applications are centralized (Spotify, Amazon, Instagram, etc). There’s a reason why the most popular crypto applications are centralized (Coinbase, Binance, etc).
The frameworks, tooling, infrastructure, and services to support these modern, centralized applications are mature and well-established. It’s easier to build apps that are fast & performant. It’s easier to launch apps that are convenient and on all form-factors (especially mobile). It’s easier to distribute and promote via all the major app store channels (iOS/Android). It’s easier to patch, update, and upgrade. It’s easier to experiment and iterate.
It’s easier to design, build, and launch a world-class application when it is centralized! It is why we’ve chosen this path for Genesis Block.
Other Ways to Consume This Content:
We have a lot more content coming. Be sure to follow our channels:
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
submitted by mickhagen to genesisblockhq [link] [comments]

Weekly Update: Parachute Crypto League, new assets on Voyager’s Interest Program, Fantom Lachesis now ABCI compatible, CyberFM + Blockchain Radio... – 1 May - 7 May'20

Weekly Update: Parachute Crypto League, new assets on Voyager’s Interest Program, Fantom Lachesis now ABCI compatible, CyberFM + Blockchain Radio... – 1 May - 7 May'20
Hi everyone, it’s been a difficult few weeks for everyone around the world with a constant barrage of sobering news – from COVID-19 to super cyclonic storms to George Floyd. I hope this update offers some much needed respite. Here’s your week at Parachute + partners (1 May - 7 May'20):

Congratulations to Foo for winning the inaugural Parachute Crypto League (which started last week). New leagues (including ones with $PAR prizes) were added this week. New Parachute league was added as well. How does it work? Click here to find out. Hope you got a chance to partake in the Tiproom giveaway event. Bose hosted a Football-themed trivia in TTR for some sweet $PAR rewards. Noice! Gamerboy’s random quiz for 1k $PAR per question got everyone scratching their heads. Unique and Victor’s trivias were pretty as well. Charlotte changed up the format of standard tiproom quizzes with a new one this week. Cap shared a sneak peek of what’s to come in the next few weeks. New $PAR use-case as well. Plus, latest digestives coming up. The 2FT ongoing theme continued with "videos featuring bands or artists whose name starts with the letters U, V, W, X or Y" this week. Check out all the cool music that got posted from Sebastian’s playlist. Epic gif Peace Love. Haha! Want to get some $PAR for staying in shape during the lockdown? Don’t forget to check out the TTR Pushups Contest. And if you were a fan of Jason’s Financial Fridays in 2gether, stay tuned for next week since it is coming back to Parachute. ParJar is currently at 32k+ users and 1.4M+ tips. Epic!
Jason shared a sneak peek into his computing setup. Pretty cool!
aXpire COO Matthew Markham wrote about the effect of legal billing software on law practice management. The monthly 200k $AXPR burn can be tracked here. 2gether CEO Ramon Ferraz routinely sends out emailers with project updates to all Founders (registered 2gether members). Click here to check out the latest. The crew also compiled a list of 7 books to read in order to learn about cryptocurrencies. Voyager introduced $XRP (Ripple), $EOS, $XLM (Stellar), $OMG (OmiseGO) and $ZRX (0x) to its Interest Program. Read more about it here. They celebrated it with a massive 5k $XRP giveaway along with an interest boost program. CEO Stephen Ehrlich sat down for an interview on Scott Melker’s (The Wolf of All Streets) podcast this week. Stephen was also interviewed by Jason Hartman (host of Creating Wealth Show). Switch released the first set of a 10 part series blog posts this week chronicling the story of the project starting with the beginning, move from Ethershift to Switch, launch of SwitchDex and the various Switch tokens. More to come next week. Fantom submitted a proposal to the MakerDAO community for adding $FTM as a collateral for $DAI. The latest technical update was published as well. The update covers news such as Fantom’s consensus protocol now being compatible to Application BlockChain Interface (ABCI). ABCI allows blockchain "transactions to be processed in any programming language". Saweet! Read more about ABCI compatibility here. The first Uptrennd Halvening ($1UP gets doubly difficult to earn) is expected to happen around the time of bitcoin halvening. Altcoin Buzz talked about it in their latest video. Huge congratulations on crossing 100k members! Uptrennd also announced a Citizenship program aimed at improving the overall quality of posts and comments by offering more giving power to higher ranked members. Jeff also sat down for interviews with Scott Cunningham for BeInCrypto and with Cash Alternative TV this week.
Amazing achievement, Uptrennd!
Following the launch of Pangaea Phase 3 last week, Harmony started an incentivised testnet staking program this week for delegators in partnership with Binance. The April #pow thread (i.e. project updates from April) can be found here. It was also summarised into an article. If you missed last week’s AMA, you can catch up from the transcript. Pangaea Phase 3 testing now has 1k+ validators and delegators. Noice! Part 2 from last week’s smart contract webinar was released. Harmony's Edgar Aroutiounian gave a presentation at Ready Layer One's online conference on BLS Aggregate Signatures. The project joined Indian state Telangana’s Blockchain District Accelerator program T-Block Accelerator as an official platform partner. Cointelegraph covered this news as well. The team also shared the latest updates through a community hangout. IntelliShare founder Raymond Xiong will appear for an AMA with CoinKeeper next week. Elections for the 6th Autonomous Committee started this week. GET Protocol shared their thoughts on how to reopen Dutch museums safely. COTI’s April rewards were distributed. Crypto analysis collective Trade Dog’s in-dept project review was released. Congratulations on getting the highest rating. If you have missed the events of April, the latest newsletter’s got your back. DoYourTip announced a partnership with InFocus Games to have their mascot Tipply as a playable character in the Pathfinders game in the form of an ERC1155 asset. The demo is live already. Have fun gaming! A DYT trading league on Crypto Leagues was started as well.
Harmony’s Pangaea P3 testing turned out to be a success with high participation throughout
Read all about Opacity’s April updates here. District0x’s latest weekly update report can be read here. The latest Hydro blogpost cleared some FAQs about prepaid cards. Community requests for the latest Sentivate update was closed this week. The update includes browser upgrade, devMode toggles etc. The code commits can be tracked on GitHub. Check out how stream and play works here. If you are worried about censorship resistance of the Universal Web, have a read of this tweet thread. Plus, a $BTC giveaway contest was launched by the crew as well. Chief Engagement Officer at OST, Simona Pop, spoke at the first ever Ethereal Virtual Summit this week in addition to speaking at Ready Layer One’s community event (as mentioned in the last update). The SelfKey team explored if there was a causal relationship between developer activity and market cap of a project. The data breach compilation article was updated. The crew will be hosting an AMA next week. The progress report for April was published. Now that Constellation’s Hypergraph Mainnet is live, read all about the current status and what next here. The team sat down for an AMA with KuCoin. The community-built balance-checker lets you look at mainnet wallet balances. The Yazom Mobile app got approved by Google Play. You can register for early access on the website. Blockchain Radio was integrated with CyberFM this week. This means all 17 featured shows and 23 radio hosts of Blockchain Radio will now be available on the CyberFM app.

And with that, we close for another week in the Parachuteverse. See you again with another update. Ciao.
submitted by abhijoysarkar to ParachuteToken [link] [comments]

Introducing Bridge Wallet

Introducing Bridge Wallet
We are very happy to introduce today Bridge Wallet, the non-custodial mobile app that we have created to buy, trade and manage both cryptocurrencies and digital securities the easy way.
Try it out and feel free to post any feedback in comment!
Download on:
Here's an overview of key features:
  • Non-custodial wallet: Bridge Wallet is a non-custodial app, meaning that you (and no one else) have full control of your addresses and their content at all times.
  • Buy cryptos via bank transfer: Make a bank transfer in EUR, USD, CHF or GBP and receive cryptos straight on one of your wallet addresses, without having to make a deposit. With this method, you can for example make standing orders at your bank to buy cryptos each month. We also offer one of the best exchange rates of the market, with a margin of 1.5% only and zero other fees.
  • Trade on Uniswap: Swap, send and pool assets on Uniswap, DeFi's favorite decentralized liquidity pool protocol, straight from the app.
  • Manage security tokens: Bridge Wallet has been first and foremost designed to manage Mt Pelerin shares (MPS) as well as any other digital asset issued on the Bridge tokenization platform.
  • Identification simplified: Identify yourself in a few minutes, and access all assets and trading features requiring identification (KYC).
Try it out and feel free to share any feedback in comment!
submitted by Kawazor to MtPelerin [link] [comments]

99% of you won't hold through the entirety of the next bull run

You think you'll hodl, you say you'll hodl, but you won't.
Here's the thing, I don't know shit, and you don't know shit. So, now that we are both level headed, you and I both agree we are shitbrains that don't know what will happen in the market, let's talk about psychology.
When BTC 2x, 3x or 5x, your little peepee will get tingly. The memes will be flowing, you'll be big dick swinging in your 1 bedroom basement apartment in the "up and coming" side of town as you check your crypto portfolio multiple times in the middle of the night while people you used to hang out with are out having a good time playing fortnite or whatever the fuck kids are playing these days.
Despite the fact you've already said that you're "in this for the long haul," you're still checking your portfolio like an instagramer stalks people on their timeline.
Why the fuck are you checking prices every 15 minutes still if you're a long term hodler?
The passed10k.gif will come back out of retirement eventually, and you'll be picking colors for your lambo all from your $100 investment into bitshitnect coin.
Then, it will happen. Nobody knows when, but all it takes is a sudden gush of short term traders to sell and wreck your hard hodl'd gains.
You will rush to your favorite shitposting site and blast to the world, "I was just up 3x, now BTC is down 50% in the last week! What's going on? It's that damn whale again, isn't it!?"
A few people will tell you to keep hodling, "This is just the beginning," they say. But you're smarter than that. You just held through a 3x gain, then lost 50% of those gains. You'll soon get your confirmation bias from a couple dipshit redditors, "Derp, 3x gains ain't nothing to sneeze at. Herp, you should have sold then rebought during this correction and you'd have doubled your stack, hurrrr."
You'll think, "Wow, your hindsight is absolutely right. Next time it happens, I'll be prepared and I will predict the market with 100% accuracy. I'll say I'm a long term hodler, but I'll keep checking the prices 20 times a day hoping to perfectly time the top and bottom. I'm a very stable genius."
Then, BTC will have a small bounce up of 15% the next week. You'll find someone that you agree with on Trading View that tells everyone, "It's going to go retest the shit support at shit level fibonichi 0.69. The pullout method is upon us, there is a 420% chance I'm right, and .007 chance I'm wrong. I'm not your financial adviser, I'm just a guy shilling my ideas hoping I get enough support to influence the market. No collusion!"
You'll sell, the market will bounce back up another 20%, you'll fomo, the market will tank another 50%. You'll sell at another loss, it will drop another 10% and you'll run to reddit, "I knew it was going to drop, so I sold! I just made 10% more by selling"...but you didn't actually buy yet because you think it's going to drop a little bit further.
You won't tell people you also just got wrecked your previous 4 times doing this and you're down more than 70% during a bull run because you kept trying to time the market.
Of those that are reading this now, my guess is, at best, only 1 out of every 100 people will actually DCA or just hodl through the next bull run.
There are going to be multiple, and I'm talking many month long shakeouts along the way to wherever BTC is going.
I don't think 99% of people have the patience and the will to hodl through the gains and the massive selloffs.
You're here now, you've been through a bear market. But, seeing gains is a much different beast. I suspect that once you deal with the 3rd or 4th major shakeout after 3x, 5x, 6x gains, I'm talking truly massive 50-75% selloffs in a few days, that you won't be able to stomach it for long.
Some have $10,000-$50,000 invested down here. Imagine in a year that you have 2x, 3x, or 5x that. Then, you lose 70% of your gains in a week.
This is a real possibility, multiple times. Whether you have $100, $1000, or $50,000 invested down here during the bear market, you need to prepare for that feeling of getting absolutely wrecked in a week.
Some among us are going to have their $20,000 turn into $80,000 or $100,000, then drop to $30,000 or $25,000 in the next 12-18 months.
Imagine this happening multiple times, this 3-6x then losing 70% of those gains, multiple times in a relatively short period of time. Imagine months long consolidation after a sell off, then another shakeout after you were just wishing you would have sold.
It's nice to look at a chart in hindsight and say, "Zoom out," but going through it is a lot more difficult than just looking at the past history from a chart.
You'll be able to hodl through 1 or 2 selloffs, but at some point you're going to be having a stressful week or a stressful month in the next few years. it's going to coincide with a massive selloff and you're going to be sitting there thinking, "shit, I would have been better off just selling last time. This shit is too stressful."
For the record, there is nothing wrong with selling at a 2x, 3x, or 5x or whatever you choose, but I remain extremely skeptical that people will actually hodl all the way to the top or near the top of the next bull market, let alone being able to predict when and where that is. Even fewer among us will DCA all the way through and sell at whatever the next top will be.
This is a cruel game, and you won't make it unscathed. Most will fail because of a lack of planning.
Prove me wrong, fellow hodlers and DCAers.
Prove me fucking wrong.
TL;DR: Comment based on the title, otherwise read the shit.
Edit : For the record, I don't know shit, but I do think the top of the next bull market will be $180,000 to $225,000. I have no idea what happens in between now and then. You don't either. And, again, I don't know that it will actually get there, but my spidey senses tell me that. I'd expect it to be around August 2021 and January 2022 though. In a few years. I'll only have about 50% of my stack by that point because I have certain intervals I'm selling because I know I could be wrong; again, I don't know shit so I'm going to sell as I reach certain targets. I'll be DCAing most of the way through, and I'll see you all in crypto hell regardless, you filthy casuals.
submitted by KnownCoder to CryptoCurrency [link] [comments]

Ex-Coinbase Engineer: I made a DEX and need help improving usability

I was the lead engineer on GDAX (now Coinbase Pro). I left Coinbase over a year ago to make a high performance non-custodial exchange: merkleX ( Proof: linked-in, flash-crash-gif-i-made (story for another time), mug-shot.

I'm looking to get help improving the usability of merkleX. If you're interested, please drop a comment.

what is merkleX?
merkleX I a non-custodial exchange for ERC-20 assets. It uses a new protocol and Smart Contract called the Decentralized Clearing Network (source, audited by Trail of Bits). The protocol is essentially lighting network for exchanges. Each user signs a trading limit that allows a specific range of trades to occur. As the user trades they can update this limit off-chain. Periodically the limits and final state are submitted to the Smart Contract. That's the protocol at a high level and I'm happy to dig deeper in the comments if anyone has questions. With the protocol, the gas cost is now dependent on the number of active users rather than the number of trades.

why merkleX?
We're trying to remove the friction points of trading on non-custodial / decentralized exchanges. We strive to provide the following
- Very low fees as Ethereum computation is heavily optimized and used less (we're currently float the bill so 0 fees right now) - Immediate trade confirmation - Reliable and familiar trading APIs - Low counter-party risk due to non-custodial nature

what help are we asking for?
No more than 10 minutes of your time. We'll jump on a screenshare and have you walk through the product with us. We'll provide a little bit of crypto for the testing.

why should "I" help you?
There's no monetary gain here. You'll simply be helping shape an early crypto project, and we'll be very appreciative.
submitted by OctopusCandyMan to CryptoCurrency [link] [comments]


本期 DAOSquare 加密情报的内容包括: V 神关于手机挖矿的吐槽;ETH 2 测试网的启动;Ameem 冷冻精子;两位很棒的加密艺术家;几幅还不错的加密艺术品;NFT 市场报告;闲得蛋疼的 Twitter 艺术等...
Let's get some Crypto Stuff!

正经 Stuff

🦚ETH2 来啦!!!

4月18号 (上周六),Topaz 测试网正式启动,Topaz 测试网基于最终的 eth2 phase 0 规范构建,Topaz 测试网络由 Prysmatic Labs 构建,任何持有 Goerli 测试 ETH 的人均可以进入尝鲜。
想尝尝 POS 的味道吗?🦀

🦚V 神吐槽:在手机上挖矿是傻子的游戏

4月13号 (上周一),Vitalik 对 Decrypt 上的一篇文章《HTC 的加密挖矿手机需要500年才能收回设备成本 (HTC’s crypto mining phone takes 500 years to recoup cost of device)》做了以下评价:
Mining on phones is a fool's game. Goes against everything we know about hardware economies of scale and more likely to trick users with false hope than help them.
\Staking* on phones, OTOH, is IMO quite promising...*

🦚DeFi 的最新思考

4月13号(上周一),Stefan Ionescu 发表了一篇关于 Reflex-Bonds 的文章,介绍这种新的,重新定义了 DeFi中 “稳定性” 含义的资产类别。对此,MolochDAO 的召唤者 Ameen 力挺道:DeFi 应该使用基于 ETH,信任成本最低的稳定币(但不与美元挂钩)用作抵押品。

🦚Rocket LP DAO 推出基于 ENS 的 NFT 贷款服务

4月14号 (上周二),ENS 的首席运营官 Brantly Millegan 收到了一笔 $1000 的贷款 (以wETH计价) 以支付他梦寐以求的 ENS 域名:brantly.eth。Brantly 需要在90天内 (截止2020年7月14日) 全额偿还这笔贷款以及由此产生的5%的利息。
来自 defirate 的报道
来自 decrypt 的报道

非正经 Stuff

🦠Ameen 冷冻了他的精子

还记得前段时间加密世界关于新冠疫情对于男性负面影响的热议吗?Ameem 用实际行动回应了此类担忧。以下是他对自己这一过程的描述,他的话风实在不适合翻译,请自行解决吧😂
I just jizzed in a little cup. Technically they call it “collecting a sample”, but you know the deal. I had some help from a cute assistant, but the rules said no lube and no saliva, so she just gave me a raw handjob. 8th grade style. I didn’t trust her aim though, so I dealt the finishing blow myself. 5 days of nofap had me feeling explosive, and I only had one…shot.


上周有一个很有深度的 meme,对此,0xcat.eth 说到:Just a matter of time...

🦠闲的蛋疼 Twitter 艺术创作

为了响应抗疫文化符号🌈的号召,Eric Wall 在 Twitter 进行了艺术创作:


上周,Ryan Sean Adams 又表达了自己关于互联网与加密世界区别的看法,如下:
Uniswap = 流动性即协议 Laap - liquidity as a protocol
Tornado = 隐私性即协议 Paap - privacy as a protocol
Maker = 稳定性即协议 Saap - stability as a protocol
Compound = 借贷即协议 Laap - lending as a protocol
而... 以太坊是货币协议的协议


4月14号 (上周二),David Spinks 抛出一个论点:
How do you explain the difference between a virtual event and a webinar?
webinar = company = past
virtual event = community = future






🌈我超喜欢的艺术家 Zennyan

Zennyan 将像素艺术妖魔化 (我实在想不出其他的形容方式了) 到了一个独有的境界。它的每一幅画都能让我注视很久,然后遐想 (瞎想) 很久,话不多说,关注他,了解他的世界!

🌈加密艺术家 Nelly

Nelly 的个人签名很有意思:
“The rich got fine art. The people got fine cryptoart.”


🔫Takens Theorem 发布过去两周的 NFT 市场报告

四月18号 (上周六),𝕋𝕒𝕜𝕖𝕟𝕤 𝕋𝕙𝕖𝕠𝕣𝕖𝕞 发表了一份数据报告,对过去两周 NFT 市场的数据进行了汇总。其中,过去两周的总销量为18200。继续努力吧!

🔫minibase 的商店突破500
不要和 Amazon 比 😂,对于目前的加密市场来说,500 家店铺已经值得我们喝几杯了!期待你们的1000家、10000家、100000家......
minibase 是一个铸造及销售 NFT 的综合平台,minibase 不仅帮助艺术家上架并销售艺术品,还可以用于演出/聚会的门票、游戏道具,甚至晚餐券。

🔫OpenSea 添加了 WalletLink 功能

上周二(4月14日),OpenSea 添加了 WalletLink 的支持,用户可以无缝链接 CoinbaseWallet 从任何桌面浏览器交易他们喜欢的数字资产。

🔫Block Cities 继续卖楼

上周,Block Cities 继续卖楼,包括#3100号大楼、#3113号大楼等,其中,两座威廉斯堡储蓄银行大厦分别以 0.5 ETH 和 0.67 ETH 的价格成交
希望尽早上架大裤衩吧 😂

关于 DAOSquare 加密情报

DAOSquare 加密情报是由 Typto 策划,DAOSquare 出品的一份专注于加密世界的周报。我们希望将加密世界那些有趣的东西 (而非千遍一律的热点新闻) 呈现给大家。同时,我们也希望帮助更多还未进入甚至还不知道加密世界的人了解这个新兴的,正在成为主流,并且充满机遇的世界。
欢迎加入 DAOSquare 社区,让我们一起提前进入未来!
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