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Rough days transcript: the best is yet to come, kill the old system, BUIDL time, we live in a DeFi bubble, power to the edges, voting challenge and rembeber you're in control kids!

Hi everybody, Charles Hoskinson here, live from warm sunny Colorado! Always warm, always sunny, sometimes Colorado. I got my Massey Ferguson hat on. Take that off, see, my hair's all messed up. One of these days and we'll lose all that hair.
It's a rough day today and that markets are terrible down 20 percent for most people and every now and then I talk about price. I rarely do but in general let's talk about the macro. You know crypto is a unique phenomenon. It's a unique thing and these are crazy times. I remember just a few months back when coronavirus first came out and we saw basically everything just bottom out everybody went crazy. They went to cash all asset classes. Just went to hell in a handbasket and I did a video and I said guys our best days are ahead of us as an ecosystem and as an industry and what happened everything got better over time. People started getting more optimistic. You know the reality is that we are seeing an old industry die right now, the legacy financial system.
I just read Biden's tax plan. He wants to treat capital gains as ordinary income and put another 12 and a half percent on top of that. All this stuff and at the end of the day all these new taxes amount to a trillion or so extra dollars I think per year in income... Takes six years to the make back what they printed out of thin air for coronavirus and are willing to print again which begs the question why do we even pay taxes anymore if we can just print money out of thin air? We have a whole movement of people: the AOC crowd wake up every day and they say modern monetary theory, the actual supply, doesn't matter. All that matters is how much can we print and get away with it. This is where we're at as an economy right now and globally speaking a lot of other nations agree with this. So, given that the whole world, the leadership of the world, talking about negative interest rates, they're talking about predatory financial systems hyperinflation. Just print money, modern monetary theory, just print as much cash as you want and we look to the cryptocurrency industry, and god, we got a lot of problems...
I think this (week's market) collapse is probably because one of the most prominent exchanges in South Korea got hit. They got shut down by the South Korean government and they at one time were responsible for a big part of the Kimchi premium and you know what? Korean government might shut down a few more Korean exchanges and usually the market based these things in. We got crazy yield farming weird stuff going on in the DeFi space. All these other local events and their blips they don't really matter that much just like corona in the long term won't matter too much in terms of the markets. What matters is the trend and where are we going. I had a meeting with some people this morning and we talked about revolutionizing the healthcare industry and getting things better in terms of supply chains. I had another meeting with a soon-to-be former Wyoming state representative about how we're going to get governments to adopt blockchain technology. I talk every day to governors, heads of state, congressmen, senators, mayors. Some cities, sometimes very large cities, with millions of people and they all say the same thing. We need help, we need solutions, we're damn tired of the way that the old system is running. You know what? if we don't solve it a lot of people are going to get hurt or continue to be hurt.
The common theme that we all have is no one's happy. Look at the black-lives-matter protests, taking their philosophy of the organization aside, the rank and file people are there not because they love Marxism. They're there because they're unhappy with the way society is and why shouldn't they be? When my grandfather, got his first job, on my mom's side, out of the Korean war, he was a lineman and he made enough money from that job to have seven kids and have his wife stay at home. No college degree, fresh out of high school, fresh out of marine demolitions and a lineman. Five boys and two girls and he could take care of that family and save money every month. Have a car and a house and that was his standard of living. How many people in the middle class today in the United States or Europe for that matter have the ability on a single person's salary to raise seven children and have the wife or the husband stay at home? How many people, not many, why? because our monetary system has failed us. The inflationary policy has created a situation where the Jeff Bezos can have 200 billion dollars and make windfall profits every year regardless of how bad the economy is. The everyday people they don't get a pay increase, so in a lot of cases they don't get to keep their job and their money deteriorates in value a lot more than three percent per year.
Our industry has principles in that we worship the math and the protocols and the stable monetary policy. These types of things, and as corrupt as some of the exchanges can be, and some of the bad actors are, all movements suffer from these warts, and they're finite and temporary. You run out of them. At some point self-regulation kicks in or standards kick in and these bad actors flush out and what's left behind is a crucible that contains the truth of the matter which is: we're going to win as an industry. There's just no doubt in my mind. You have bad days in the market, you have damn good days in the market, you get addicted to the good ones and you hate the bad ones but at the end of the day it's only going in one direction which is crypto is going to eat the world: every voting system, every property registration system, every monetary system, the next 25 to 50 years is going to be running on the tech we build and others build and running with the principles of power to the edges.
This is the great challenge of our time. To do it in a way that it's fair, transparent, open and doesn't allow a government to co-opt it. It's gonna be a lot of fights here. The least of our concerns and matters are a red day and every now and then I like making these videos to remind people why I'm here and why you should be here too. As toxic as the trolls could be and these other people can be, none of them really matter. Markets don't really matter, what matters are the principles and the purpose behind what we do and you have to ask yourself are you happy with the way that society is? Are you happy with the money in your pocket? Are you happy with the political leadership representing your nations? Are you happy with your future and do you honestly believe if we keep doing the things that we did and continue to do that the future is going to be better or do you think it's going to be worse or stagnant?
I think too many people have woken up and they realize that if we continue doing the things that we do the future is going to be a bad place and they don't want that to happen. We're voting with our wallets, we're voting with our feet and we as a collective industry are waking up and figuring out how to build something better and there's some good days and bad days along the way. Today's a bad one but there are going to be good days tomorrow just like I told you back when corona made everything go into free fall and I told you before and I warned you about with ICO mania.
We're in a DeFi bubble right now, there's no doubt in my mind about that. I saw it in 2017 with ICO mania. I see it here and there's probably going to be worse days ahead in that respect but the trend is always the same and never forget that and never forget that real people are actually adopting these systems and using them. Every day we see more and more and every day that movement grows and what's so humbling is that I know a lot of you are here with me. It used to be pretty lonely space to be in a few years back. You know, the conferences, they didn't have many people. My first bitcoin meetup group in 2011 in Colorado is at the gypsy house cafe I think, in Denver. I registered for the event I showed up. Two people registered myself and another guy and the other guy didn't show up so I had coffee with myself. Compare that with the Shelley summit that we had in July of 2020. 10 000 attendees, 10 000 from all across the world, compare that to where we are at today just nine years later pretty amazing if you think about how fast things have grown and how many fertile beautiful ideas exist in this industry and what this industry is doing for the world as a whole.
That is why we're going to win because at the end of day who can argue against freedom? Who can argue against liberty? Who can argue against putting people in control? The only way you can is when you believe people are stupid, people are evil, people are incapable and I suppose that's a philosophical difference between those who currently lead and the people who want to replace them. The people in charge right now of the world, the big banks, the fortune 500 companies, the media, Hollywood... These things, they're very cynical, people who believe in the worst in us they look at everyday people who sustain and disgust and say these people if left to their own devices will be chaos. These people, if left to govern themselves will burn everything to the ground and destroy everything and every single time I have ever seen a bad event happen what the news doesn't show you and what those people don't talk about is how we come together and help each other out. Someone gets injured in the streets more often than not people show up and help them, people need a helping hand. Someone always shows up more often than not and this is no different. I don't believe the political process is effective anymore in any modern democracy. They've all been co-opted, perhaps they always were but what I do believe is that we can come together and change things economically which is what we're doing.
It's messy building our own money, it is messy building our own industry, it is messy. We make a lot of mistakes along the way. We lose a lot along the way, we collect some scars too while we're at it but progress every year keeps being made. The technology every year keeps getting better. Today, right here right now, provably secure proof of stake protocols are in circulation. They were a fantasy five years ago now they're a fact of life today. Right here right now snarks have evolved by an order of magnitude in every category from validation time to efficiency to proof size in all favorable ways which opens up all kinds of new applications and scalability and privacy. Today, right here right now, layer 2 protocols are more advanced than they have ever been in our industry's history giving us the ability to build payment systems that scale to billions of people. Today, right here right now, we are seeing massive innovations in governance and a fertile environment for things like approval voting, threshold voting, preference voting, quadratic voting, that will enable us to build all kinds of new treasuries and governance systems that eventually will scale to nation states.
As the politicians of today argue whether the post office can properly count paper ballots that people mail we are building voting systems with state-of-the-art cryptography living on phones where you can vote. It's just a tap of a button and enjoy more security than we have ever imagined before. That is the future this movement, is enabling humanity money flowing at the speed of thought and the speed of thought making new money. How can you compete with that? You can't unless you bring people down with cynicism and disdain and ultimately what competing vision do they offer? That you all should be in chains? That we should just be wage slaves? We should just accept that every year our money deteriorates in value? That we should just accept that the rich will get richer the poor get poorer? Every now and then they throw us table scraps and when we get real angry they usurp the movements and then install their own leadership to basically take those movements from us as we've seen so many times before and we will see again. I'm sorry that's not a road I want to walk down and I'm willing to ride rocky waters, crazy markets, crazy people in unlimited FUD and trolling but I will never apologize for believing in the best in people and I will never apologize for believing that if only we give everyone around us the tools to save themselves and society that they can do it.
They don't need great leaders and charisma. No one needs someone to tell them what to do. We all know what to do. We all know how to make the world a better place. We just have to be trusted enough to do it ourselves. You know what for the first time ever we did with bitcoin and then we did it again with ethereum and now we're doing it again with Cardano and we as a movement will continue to do it.
I believe our best days are ahead of us and every day I wake up and there's more people marching with me in that respect and one day it'll be millions and one day it'll be billions and one day all those cynics will be gone, replaced with optimists, who once again believe that tomorrow is going to be better than today and that we're going to leave the world just a little bit better than the way we found it. So, every now and then on a tough day I like making a little message and letting you guys all know it's going to be better and you know what? it will be. Just have to have faith that it will be. So, hold the line, hold strong and have faith in each other and go do something, build something, start something.
Got a lot of podcasts on the way, a lot of things coming down the pipe. For the dc-fund, a lot of opportunities to actually innovate. Multi assets are coming, soon Plutus is coming, soon guys are going to be able to build a lot. Start thinking today what's the business plan? What would you like to change, small or large. You don't complain about voting. Change voting. Your own organization, maybe you belong to a club, do a blockchain-based voting system. Maybe you have some political influence? Have a primary, democrat or republican, or your local primary or country for selecting candidates done with blockchain-based voting. Maybe you want to build a new financial product? Think about it, figure it out. There's so much there, it's all there, it's ready to go, it's for you to take and build and innovate with.
Every day I wake up I try to make the platforms better. I try to push the technology a little further along. I try to hire great people and bring them into our industry. Cardano brought the Haskell industry into the cryptocurrency space. Cardano brought a lot of academics who had never thought about cryptocurrencies into the cryptocurrency space and we made our problems their problems and as a consequence they started solving them in ways we could have never done before. Most importantly Cardano brought a lot of you into the cryptocurrency space and you never thought you'd have this level of control and freedom over the fabric of society in the direction of the human race. Don't let that slip through your fingers. Figure out what you want to do with that super power. Might be small, might be big. I dreamed big, you can dream big too, even if you want to just dream small. Every person counts, every action counts up to the hill. Y'all matter to me and to each other and we're all in this together, never forget that! So, hard day, rough day, tomorrow will be a better one. The day after will even be better. See you guys soon, take care...
Source: https://www.youtube.com/watch?v=qM192wAV4LA
On Kimchi premium: https://www.investopedia.com/terms/k/kimchi-premium.asp
EDIT: title typo -> rembeber -> remember :)
submitted by stake_pool to cardano [link] [comments]

Charles Hoskinson on the Rough Days - [Text Version]

Charles Hoskinson on the Rough Days - [Text Version]

https://preview.redd.it/h49t3t6u9pl51.png?width=1221&format=png&auto=webp&s=fde73f432fd15d2b361f4e1621e67785bc27e30e
We as AzureADA SPO watch all the videos by Charles Hoskinson. These videos are not only great news on Cardano development and ecosystem, but very often a source of inspiration. The video with the name “Rough Days” streamed live on September 4, 2020 is really a historical speech, that’s why we decided to transcribe for everyone who prefers to read rather than to watch and listen.
The video you can watch here: https://www.youtube.com/watch?v=qM192wAV4LA
And here is the text version.
Hi everybody
Charles Hoskinson here live from warm sunny Colorado. Always warm, always sunny, sometimes Colorado. And I got my Massey Ferguson hat on. Take that off, see my hair's all messed up. One of these days and we'll lose all that hair.
It’s a rough day today and that markets are terrible. down 20 percent for most people. And every now and then I talk about price, I rarely do, but in general, let's talk about the macro.
Crypto is a unique phenomenon, it's a unique thing and these are crazy times. I remember just a few months back when coronavirus first came out and we saw basically everything just bottom out, everybody went crazy they went to cash all asset classes just went to hell in a handbasket. And I did a video and I said: «Guys, our best days are ahead of us as an ecosystem and as an industry. And what happened? Everything got better over time. People started getting more optimistic. You know, the reality is that we are seeing an old industry die right now, the legacy financial system.
I just read Biden's tax plan. He wants to treat capital gains as ordinary income and put another 12,5% on top of that. And at the end of the day, all these new taxes amount to a trillion or so extra dollars, I think, per year in income. Takes six years from the make back what they printed out of thin air for coronavirus and are willing to print again. Which begs the question why do we even pay taxes anymore if we can just print money out of thin air. And we have a whole movement of people, the AOC crowd, wake up every day and they say: «Modern monetary theory: the actual supply doesn't matter. All that matters is how much can we print and get away with it."
This is where we're at as an economy right now. And globally speaking, a lot of other nations agree with this. So given that the whole world, the leadership of the world is talking about negative interest rates, they’re talking about predatory financial systems hyperinflation, just print money modern monetary theory, just print as much cash as you want. And we look to the cryptocurrency industry and, God, we got a lot of problems.
I think this collapse is probably because one of the most prominent exchanges in South Korea got hit. They got shut down by the South Korean government. They, at one time, were responsible for a big part of the kimchi premium. And you know what? Korean government might shut down a few more Korean exchanges. And usually the market base these things in. We got crazy yield farming weird stuff going on in the DeFi space. All these other local events and their blips, they don't really matter that much. Just like corona in the long term won’t matter too much. In terms of the markets what matters is the trend and where are we going.
I had a meeting with some people this morning and we talked about revolutionizing the healthcare industry and getting things better in terms of supply chains. I had another meeting with a soon-to-be former Wyoming state representative about how we're going to get governments to adopt blockchain technology. I talk every day to governors, heads of states congressmen, senators, mayors, some cities, sometimes very large cities with millions of people. They all say the same thing: «We need help, we need solutions, we’re damn tired of the way that the old system is running». And you know what? If we don't solve it - a lot of people are going to get hurt or continue to be hurt. The common theme that we all have is - no one's happy.
Look at the black lives matters protests. Taking their philosophy of the organization aside
the ranking file people are there not because they love marxism they're there because they're unhappy with the way society is. And why shouldn't they be?
When my grandfather got his first job on my mom's side out of the Korean war, he was a lineman. And he made enough money from that job to have seven kids and have his wife stay at home. No college degree fresh out of high school, fresh out of marine demolitions and alignment five boys and two girls. And he could take care of that family and save money every month, have a car and a house and that was his standard of living. How many people in the middle-class today in the United States or Europe for that matter have the ability on a single person’s salary to raise seven children and have the wife or the husband stay at home?
How many people? Not many. Why? Because our monetary system has failed us. The inflationary policy has created a situation where the Jeff Bezos can have 200 billion dollars and make windfall profits every year regardless of how bad the economy is and the everyday people they don't get a pay increase, so a lot of cases they don't get keep their job and their money deteriorates in value a lot more than three 3% per year.
Our industry has principles in that we worship the math and the protocols and the stable monetary policy, these types of things. And as corrupt as some of the exchanges can be and some of the bad actors are: all movements suffer from these warts. And they're finite and temporary. You run out of them at some point. Self-regulation kicks in or standards kick in and these bad actors flush out. And what's left behind is a crucible that contains the truth of the matter, which is: we're going to win as an industry.
There's just no doubt in my mind. You have bad days in the market, you have damn good days in the market. You get addicted to the good ones and you hate the bad ones but at the end of the day, it's only going in one direction which is: crypto is going to eat the world.
Every voting system, every property registration system, every monetary system the next 25 to 50 years is going to be running on the tech we build and others build. And running with the principles of power to the edges. This is the great challenge of our time: to do it in a way that it's fair, transparent, open, and doesn't allow a government to co-opt it. It's gonna be a lot of fights here the least of our concerns and matters are a red day. And every now and then I like making these videos to remind people why I’m here and why you should be here too. As toxic as the trolls could be and these other people can be - none of them really matter. Markets don’t really matter. What matters are the principles and the purpose behind what we do. And you have to ask yourself: - Are you happy with the way that society is? Are you happy with the money in your pocket? Are you happy with the political leadership representing your nations? Are you happy with your future and do you honestly believe if we keep doing the things that we did and continue to do that the future is going to be better? Or do you think it's going to be worse or stagnant?
I think too many people have woken up and they realize that if we continue doing the things that we do, the future is going to be a bad place. And they don't want that to happen. And so we're voting with our wallets, we’re voting with our feet and we as a collective industry are waking up and figuring out how to build something better. And there's some good days and bad days along the way. Today's a bad one, but there are going to be good days tomorrow. Just like I told you back when corona made everything go into free fall. And I told you before. And I warned you about with ICO mania. We're in a DeFi bubble right now. There’s no doubt in my mind about that. I saw it in 2017 with ICO mania, I see it here. And there's probably going to be worse days ahead in that respect. But the trend is always the same and never forget that. And never forget that real people are actually adopting these systems and using them. And every day we see more and more and every day that movement grows.
What's so humbling is that I know a lot of you are here with me. It used to be pretty lonely space to be in a few years back. You know, the conferences, they didn't have many people. My first bitcoin meetup group in 2011 in Colorado is at the gypsy house cafe, I think I was 13th in Pearl over Capitol hill in Denver. And I registered for the event, I showed up. Two people registered: myself and another
guy. And the other guy didn't show up so I had coffee with myself. Compare that with the Shelley summit that we had in July of 2020: 10 000 attendees. Ten thousands from all across the world. Compare that to where we are at today just nine years later. Pretty amazing if you think about how fast things have grown and how many fertile beautiful ideas exist in this industry and what this industry is doing for the world as a whole. And that is why we're going to win. Because at the end of the day who can argue against freedom? Who can argue against liberty? Who can argue against putting people in control? The only way you can is when you believe people are stupid, people are evil, people are incapable. And I suppose that's a philosophical difference between those who currently lead and the people who want to replace them.
The people in charge right now of the world, the big banks, the Fortune 500 companies, the media, Hollywood, these things - they're very cynical people who believe in the worst in us. They look at everyday people with sustain and disgust and say: «These people if left to their own devices will be chaos. These people if left to govern themselves will burn everything to the ground and destroy everything.». And every single time I have ever seen a bad event happen, what the news doesn’t show you and what those people don't talk about is how we come together and help each other out. Someone gets injured in the streets more often than not people show up and help them. People need a helping hand someone always shows up more often than not. And this is no different.
I don't believe the political process is effective anymore in any modern democracy. They've all been co-opted, perhaps they always were. But what I do believe is that we can come together and change things economically, which is what we're doing. And it's messy. Building our own money is messy, building our own industry is messy. We make a lot of mistakes along the way, we lose a lot along the way. We collect some scars too while we're at it. But progress every year keeps being made. The technology every year keeps getting better.
Today, right here, right now provably secure proof of stake protocols are in circulation. They were a fantasy five years ago, now they're a fact of life.
Today, right here, right now snarks have evolved by an order of magnitude in every category from validation time to efficiency to proof size. In all favorable ways which opens up all kinds of new applications and scalability and privacy.
Today, right here, right now layer 2 protocols are more advanced than they have ever been in our industry's history. giving us the ability to build payment systems that scale to billions of people.
Today, right here, right now we are seeing massive innovations in governance and a fertile environment for things like approval voting, threshold voting, preference voting, quadratic voting that will enable us to build all kinds of new treasuries and governance systems that eventually will scale to nation-states.
As the politicians of today argue whether the post office can properly count paper ballots that people mail, we are building voting systems with state-of-the-art cryptography living on phones where you can vote with just a tap of a button and enjoy more security than we have ever imagined before.
That is the future. This movement is enabling humanity. Money flowing at the speed of thought and the speed of thought making new money.
How can you compete with that? You can’t, unless you bring people down with cynicism and disdain. And ultimately what competing vision do they offer? That you all should be in chains.
That we should just be wage slaves. We should just accept that every year our money deteriorates in value. That we should just accept that the rich will get richer the poor get poorer. And every now and then they throw us table scraps. And when we get real angry - they usurp the movements and then install their own leadership to basically take those movements from us. As we've seen so many times before and we will see it again.
I'm sorry that's not a road I want to walk down. And I'm willing to ride rocky waters, crazy markets crazy people in unlimited flood and trolling. But I will never apologize for believing in the best in people. And I will never apologize for believing that if only we give everyone around us the tools to save themselves and society that they can do it. They don't need great leaders and charisma. No one needs someone to tell them what to do. We all know what to do. We all know how to make the world a better place. We just have to be trusted enough to do it ourselves.
You know what? For the first time ever we did with Bitcoin. And then we did it again with Ethereum. And now we're doing it again with Cardano. And we, as a movement, will continue to do it.
So I believe our best days are ahead of us and every day I wake up and there's more people marching with me in that respect. And one day it'll be millions. And one day it'll be billions. And one day all those cynics will be gone. Replaced with optimists who once again believe that tomorrow is going to be better than today. and that we're going to leave the world just a little bit better than the way we found it.
So every now and then on a tough day I like making a little message and letting you guys all know it's going to be better and you know what it will be. Just have to have faith that it will be. So hold the line, hold strong, and have faith in each other and go do something. Build something. Start something. Got a lot of podcasts on the way. A lot of things coming down the pipe for the DC fund. A lot of opportunities to actually innovate. Multi-assets are coming soon. Plutus is coming soon. Guys are going to be able to build a lot.
Start thinking today what's the business plan. What would you like to change? Small or large. You don't complain about voting - change voting! Your own organization. Maybe you belong to a club - do a blockchain-based voting system. Maybe you have some political influence. Have a primary democrat or republican or your local primary in your country for selecting candidates done with blockchain-based voting. Maybe you want to build a new financial product. Think about it! Figure it out! There's so much there! It’s all there! It's ready to go, it's for you to take and build and innovate with.
Every day I wake up I try to make the platforms better. I try to push the technology a little further along. I try to hire great people and bring them into our industry. Cardano brought the Haskell industry into the cryptocurrency space. Cardano brought a lot of academics, who had never thought about cryptocurrencies, into the cryptocurrency space and we made our problems their problems and as a consequence, they started solving them in ways we could have never done before.
But most importantly Cardano brought a lot of YOU into the cryptocurrency space and you never thought you'd have this level of control and freedom over the fabric of society in the direction of the human race. Don't let that slip through your fingers. Figure out what you want to do with that superpower. Might be small, might be big. I dreamed big. You can dream big too. Even if you want to just dream small: every person counts every action counts. Up to the hill. Y'all matter. To me and to each other and we're all in this together. Never forget that. So, hard day, rough day. Tomorrow will be a better one. The day after will even be better.
See you guys soon
Take care!
submitted by AzureADA to cardano [link] [comments]

If gas prices continue to be prohibitively high, it might be time to look at another platform, such as Cardano.

You don’t need to tell me “easier said than done” - and unfortunately, development in KVM has been paused. However it’s quite clear that there are problems with Ethereum that were not foreseen such as proof of work protocol and what happens to gas prices when the network gets congested. I think the Funfair team has two options.
1) hope that Eth 2.0 delivers and the gas price stays low enough that users can operate casinos with a low wager
2) move to a different secure network which is cheaper to run dapps on. Cardanos Plutus will allow developers to easily program secure smart contracts on the Cardano network.
One of the reasons I’m a big fan of Cardano is because it addresses the fundamental flaws that exist in Bitcoin and Eth, as well as future problems such as quantum attacks. It’s a great gen 3 crypto project and it would be wise for the Funfair team to look into options now rather than a continual escalation of preventing new and low-wager users from playing and ultimately becoming FunFair advocates.
submitted by TNGSystems to FunfairTech [link] [comments]

Cardano: Blockchain 3.0 (Introductory article; Not a piece of investment advice)

Cardano: Blockchain 3.0 (Introductory article; Not a piece of investment advice)
Hey, all!
We have compiled an article about Cardano. The main motto of this post is to give a quick summary of Cardano to the users. Please feel free to comment your opinions, views and spark a discussion. It would help us in delivering better content. Thanks in advance.

Cardano: Blockchain 3.0

https://preview.redd.it/d456rnf9vmj41.jpg?width=1903&format=pjpg&auto=webp&s=bc002560fe2670cab1e103ad73093026f8515b5f
Cryptocurrencies came into existence to eliminate the need for middlemen while transacting value from one to another. Satoshi Nakamoto was able to achieve this with the help of Blockchain technology. Though it gave the world Bitcoin, it was confined just to payments and hasn’t evolved to a greater extent. Ethereum exploited the blockchain technology and introduced the revolutionary smart contracts. Though this marked the beginning of the second generation of the blockchain, some challenges were left unsettled. Cardano took a distinctive approach in fixing the persisting issues by building on the already existing things that made sense and adding sustainable features with the help of new technology and innovation. In this post, ChangeHero will introduce give you a quick summary of Cardano.
Genesis
Cardano is a decentralized blockchain aiming to build a platform for the development of DApps and verifiable smart contracts. Dubbed as the third generation of the blockchain, Cardano aims to fix the pestering problems like scalability, interoperability and sustainability. Charles Hoskinson, Ethereum’s co-founder launched Cardano in the year 2015. Additionally, three organizations support and contribute to the development of the ecosystem. Cardano Foundation, a non-profit organization based in Switzerland, oversees and supervises the development of the ecosystem. Input Output HK (IOHK) is an independent firm contracted to carry out the designing and building of the network. Finally, Emurgo is employed to boost adoption through its commercial ventures.
It is the first blockchain which is based on scientific philosophy and developed by academics and engineers around the world. Unlike the traditional cryptocurrency projects, Cardano did not start with a whitepaper, instead, it began with a set of principles. Cardano is a multi-layered protocol — Cardano Settlement Layer (CSL) used to settle transactions of ADA and functions similar to other networks for recording the transactions. The second one is called Cardano Control Layer (CCL) and used for smart contracts. This strategy of using different layers enables storing of metadata separately and strengthens the security of the network. The platform uses Haskell coding language and the smart contracts to be coded in Plutus. In addition, Marlowe, a new language, designed specifically for the freshmen in development to build financial instruments like smart contracts. These are functional programming languages which strengthen the security and accommodates for quick changes in case of future updates.
Scaling with Ouroboros
Scalability is a baffling issue that all the cryptocurrencies face. Cardano network itself was built in a layered structure to cope with the scalability issues. As explained earlier, transactions and smart contracts take place on different layers and the information will not be shared from one to another. In addition, Cardano tackles this with a modified version of Proof-of-Stake consensus called Ouroboros, a Provably Secure Proof of Stake. Unlike Bitcoin, all the nodes in Cardano are not required to have a full copy of the blockchain. Instead, a slot leader brings all these nodes together in the process of reaching a consensus. Though full nodes like Daedalus wallets can reach consensus, only slot leaders are capable of creating and adding a block to the chain. In Ouroboros, time is divided into Epochs which further sectioned into slots. These slots are short periods of time which usually last for 20 seconds. Each slot will have its own slot leader who works similar to miners and responsible for confirming the transaction and adding blocks to the chain. They can create not more than one block per slot and the transaction fees along with the block rewards of the epoch will be pooled together and distributed to these leaders and further to the stakeholders.
Theoretically, even a user holding 1 ADA can become a slot leader but the probability is quite low. At the moment, there is no accurate figure of ADA to be staked to get a chance to add the block. We’ve also been hearing that it would be somewhere between a million and two million ADA to become a slot leader. But it's clear that the higher the stake, the higher the chances of becoming a slot leader. These qualified candidates are considered electors for the next epochs. Elections will be held by a random number generation method and the owner of the coin becomes a slot leader for the next epoch. Cardano has also adopted the RINA (Recursive Inter-Network Architecture) to improve the scaling. On top of this, the team is inclined towards Partitioning in which users can have only a chunk of blockchain and aiming to achieve this through side chains.
Interoperability with Side Chains
Even in 2020, it is difficult for different blockchains to understand each other and even tougher to communicate with traditional financial services. Though cryptocurrency exchanges bridge the gap, they are vulnerable to attacks and can be influenced by regulatory policies. Cardano envisions to build the Internet of blockchain and enable users to perform cross-chain transactions with the help of side chains. Cardano supports the Kiayias, Miller and Zindros (KMZ) proofs of proofs of work to allow for the movement of funds from the CSL to CCL and other blockchains as well. Moreover, Cardano is also working on a mechanism to incorporate the Metadata into the transaction in an encrypted manner.
Sustainability
There are a ton of projects in the blockchain space. To stay alive in this red ocean, continuous innovation and a robust governance system are a must. Sustainability lies right in the core of Cardano. The ecosystem has a grants fund called Treasury. Whenever a block is added to the chain, a part of the reward will be added to the Treasury. Someone who intends to develop the platform can submit a ballot for a grant which will be decided by the stakeholders through voting. As the network grows and the transactions increase, and the funds in the treasury keeps on filling up. This results in the availability of funds all the time for the development of the network.
In addition, the network will use Liquid Democracy for governance providing more room for the stakeholders. Furthermore, the team aims to build a constitution for the protocol to avoid any unintentional hard forks. Cardano follows a timeline in the form of eras to deploy vital upgrades to the platform. On February 20, the team has successfully completed the OBFT hard fork, a pre-planned one. It is a development over the already existing consensus mechanism, Ouroboros Classic. With this planned upgrade, Cardano has begun the transition to the Shelley era which focuses on the community and decentralization.
ADA
ADA is the native cryptocurrency of the Cardano network. The sole purpose of the Cardano is to enable a true peer-to-peer payment with the help of the ADA digital currency. Simply put, ADA can be used to transact value across individuals without any middlemen. It does allow the developers to create smart contracts and also provides voting rights to the holders for governance. Furthermore, the team specifically designed the Daedalus wallet for holding and transacting ADA. Nope, not going to discuss pricing here)
Blockchain 3.0
Despite the criticism for its consensus mechanism and delays in the network upgrades, Cardano is delivering on what it promised. With all being said, Cardano is a unique project which is delivering the best by fusing in the essentials from the existing chains and adding sustainable features through innovation in a scientific approach. For the Blockchain 3.0, the best bet would be to wait for the future upgrades and witness how things unfold.
Finally, a big shoutout to the Cardano community on Reddit for their comments and feedback on the article.
Upvote and comment if you have enjoyed the article. As always, follow ChangeHero here for more of such informative and interesting articles on crypto.
Edit: Made changes as per the feedback to make the content more accurate. Edited the original article published on Medium as well. A big thanks to all of you guys.
submitted by Changehero_io to cardano [link] [comments]

Cardano is not just a Wallet

From time to time, somewhere on social media, the FUD appears about the Cardano project. We can see opinions like “Cardano is just a wallet”, “Cardano never launches main-net”, “PoS will never work”, or “it’s just white-paper”. These are all opinions based on impatience, ignorance of the depth and complexity of the project, or the inability to objectively assess the matter. Often, this FUD is caused intentionally by supporters of a competing project. Just to make competitors more relevant.
Let’s look at some facts in today’s article.
Cardano is a very complex project
Cardano is the first project that is based on formal method development and it is built as a mission-critical project. The IOHK team has done thorough research on all areas related to blockchain and distributed networks. The team studied existing works and sought the best solutions to technical problems in a real environment. The team has published many scientific studies that have undergone a rigorous review and today have countless citations. The team starts production software development only after the specifications are available. The critical parts of the project are written in Haskell. Haskell is a functional programming language that doesn’t allow any side-effects.
Blockchain incorporates technological, economic and social components. It is a system that aims to replace the current financial system and compete with the current IT giants. Such a project cannot be done just by giving you a bunch of programmers to make you a mix of Bitcoin and Ethereum. Without an emphasis on overall quality and details, such a system will never work reliably in the long term. On the other hand, such a project can be delivered in just one year. Do we need it?
Cardano took a different and more challenging path. If the team simply delivered another blockchain, it would rank among hundreds of similar projects. It was necessary to put together experts to cryptography, software security, distributed networking, threat modeling, protocol design, game theory, operating systems, designers of programming languages, economy, and of course, software architects and programmers. All these people had to work together to deliver the network that would be great in all respects. These are people who are respected leaders in their field and often at the top of their careers.
If one network is to serve the whole world, it must be capable of global scalability. It must never stop and allow all people on the planet to freely engage in network consensus. Including cheaters. Such a network will be massively attacked. Cardano must endure it and continue to function smoothly. It is a more complex task than you might think. And believe me, there are not many people in the world who could fully understand that in all details.
It takes a lot of time and effort to build such a project. No existing project is capable of mass adoption and is at the same time demonstrably secure and sustainable in the long term. Cardano will be. Global, open, public, permissionless networks are brand new. There was nothing like that before Bitcoin. The first generation of cryptocurrencies suffers from technological imperfection. Often they are in the experimental phase and are improving in full operation. In the case of Bitcoin, everybody is scared to change the first layer, as there is a legitimate concern that something will fail. The second layer can improve something, but it will always creak. The quality of the project is directly related to the quality of the team and the time spent on research, experimentation, implementation, and testing. These phases can’t be underestimated or omitted. If you do, it will fire back at you later. We can see thousands of projects on CoinMarketCap, but few are worth the attention. In ten years, there will be maybe only three of them.
Transparency
Cardano is one of the most transparent projects in the crypto. CEO of IOHK, Charles Hoskinson, does AMA and status updates very often. Sometimes several times in one month. During AMA you can ask him literally what you want. Other team members have recently started updating us as well. Cardano, as one of the few projects, has all its scientific works publicly available. Anyone can look into them and critically review the content. The number of works increases regularly. If anyone has doubts about the quality of the project, they can try to find some mistakes in these works. And believe me, it will be hard.
This work by itself has already pushed the crypt forward by a great deal. So far, nobody has worked out exactly what the ledger is and how it should work, whether PoW is really safe, how to write smart contracts safely, how to create a sustainable economic model, etc. All other projects can benefit from this work.
Do not believe that? Well, we can give you one of the many possible examples. Aggelos Kiayias is the chair in cybersecurity and privacy at the University of Edinburgh. His research interests are in computer security, information security, applied cryptography, and foundations of cryptography with a particular emphasis on blockchain technologies and distributed systems, e-voting and secure multiparty protocols, as well as privacy and identity management. He joined IOHK in 2017 as a chief scientist through a long-term consulting agreement between IOHK and the University of Edinburgh, where he is also the director of the Blockchain Technology Laboratory. Aggelos is one of the brains behind Ouroboros PoS. It is relatively easy to find the works in which he participated and the number of citations.
You can just open any scientific paper from IOHK, check the list of authors and find the number of citations. You can also easily verify there is no competitor in the whole crypto. Of course, the important thing is to get the scientific work into the source code. And that happens. You can check out GitHub for all the project repositories.
Be careful, many people and aggregation sites for some reason only look at the cardano-sl repository. Look at them all!
We understand that if you are not a programmer, it will be difficult to judge the quality of code. You just have to educate yourself here if you really want to know what is going on on GitHub. Activity is compared by the number of commits, which is some modification of the source code. Usually, a new piece is added or something old is deleted.
You can easily look at the details of each repository. You can see how many people are actively developing the code, you can see what they are working on, how often they add changes, and more. Let’s have a look at the Ouroboros-network repository.
Shelley protocol is written in Haskell. The quality and activity of the project can also be judged well by the number of new and already solved issues.
If you are in any doubt about any project, learn how to read GitHub activity. In the case of the Cardano project, be absolutely calm. The activity is one of the highest, if not absolutely highest, in the entire crypto-sphere. If anyone tells you otherwise, please refer to the IOHK library and GitHub. You can even check out the site where all the Cardano GitHub data is altogether.
Delays are usual in software development
We have already talked about how complex the Cardano project is. Believe me, delays are a common thing when creating software. There are plenty of well-described reasons for that. Every software engineer could confirm that. Let’s dive into it just a bit.
An accurate estimate during making a software plan is nearly impossible. You always have a bunch of items and tasks for a bunch of engineers. Tasks often overlap and depend on each other. To make it worse, tasks are mostly abstract and it is often hard to predict all possible obstacles. You can measure the performance of the team to improve time estimates but still, you never know when a plan is going to fail due to unexpected problems. Team members have to work together years to have solid certainty about all estimates. Cardano team is international so coordination might a bit more demanding. When some small and seemingly unnecessary tasks are skipped at the beginning, it can happen that there will be unexpected delays just because they have to be handled later. And sometimes, plan or priorities changes.
Many engineers are very optimistic when asked how long some tasks could take. They are often wrong. In reality, tasks are usually more complex than engineers think. Team members change over time. IT gurus are a special kind. They like to change jobs very often. If a team expert leaves the team, it may take longer to find an adequate replacement. This also causes a delay. The IOHK team has a lot of members.
Delivering 90% of functionality can be relatively easy compared to the last 10%. The biggest problems can arise at the end of development when all the individual components are tested together. Problems encountered at the end of development must be addressed. This often means changing a lot of things or redesigning something. Testing itself is very demanding as a global network must be simulated or the setup. In addition, the software must run on different versions of operating systems.
Let’s have a look at some famous software delays. Mac OS X was developed under the name Rhapsody and it was 1997. Version 1 release arrived after 4 years. Windows Vista was originally planned to ship in 2003. Thre was 3 years delay.
If you look for more examples, you will find many. A project like Cardano can’t simply be done in a year or two. If Shelley is launched this year, it will actually be very fast. If you look at examples from the crypto-world, you will see a big delay in the delivery of Ethereum 2.0. Count how long the Lightning Network has been built. And look at how many errors and failures we’ve seen. These failures have often led to large financial losses. If you were looking for reasons, you would find that it is caused by a badly designed or implemented software.
Of course, it is in the best interest of the team to deliver Cardano to the market as quickly as possible. But certainly not at the cost of technical imperfections. This is not a race against time. A year or two has almost no role if we can see a really good and functional, secure network capable of mass adoption.
Learn patience. Software delivery has its phases. First, everything has to be well thought out and designed. The team must be built. Then research and experiments are carried out. During this, the first source code can be written. Then the testing phase takes place. Only after all this can the network reach the public.
Testnet has been launched
Testnet has been running since the end of 2019. And it is a great success. The team expected an interest of about 100 pool operators. There are over 1000 registered pools. The network is stable and runs almost without problems. People’s interest in Cardano is huge. Community people are working on useful tools. Just check adapools.org or pooltool.io. Pool operators have no problem communicating with the team. All problems are gradually solved and many of them very quickly.
Everyone in the world can run their own node and become a pool operator. Who claims that Cardano is just a wallet, he should try it for himself.
Do you like smart contracts? Do you want to write one? Well, you can try it. Cardano will have Plutus and Marlowe. You can try both of them on the online playground.
No Lambo, sorry
Cardano’s not here to get you a Lambo. Charles promised to deliver the most decentralized network, secure smart contracts, project governance and resolved scalability. All based on scientific research. If such a network can be delivered and people adopt it, only then can we say that the team has succeeded. Will that affect the price of ADA coins? Definitely yes. The team must be fully focused on development. Not for the price. So do not complain about the price. Nobody is going to help you. Only you are responsible.
Summary
IOHK is one of the best teams in the crypto. There is a lot of work behind this team. Everyone can look at it. Nothing is patented. Everything is open-source. We cannot forget to Emurgo and Cardano Foundation. These entities, too, are completely transparent, and much work can be seen behind them. See for yourself. If someone doesn’t see it and claims that Cardano is just a wallet, he must be blind and deaf. The delays in delivering such complex software as Cardano are quite common. Rather, it would be appropriate to say that the team is moving very fast. Cardano has come so far that neither Microsoft nor IBM will be able to compete. Thanks to Cardano, the whole crypto will move up a lot and be more relevant. If you don’t believe anything we have written, you have many opportunities to check it out. So don’t believe us, verify yourself.
You can read the full article with all links and images here: https://medium.com/@Cardanians_io/cardano-is-not-just-a-wallet-2c27eab9fac7
submitted by Cardanians to cardano [link] [comments]

Plutus.it just announced that ETH will be made available as a form of payment at any store or merchant using a NFC payment terminal.

Plutus.it just announced that ETH will be made available as a form of payment at any store or merchant using a NFC payment terminal. submitted by Pizpie to ethereum [link] [comments]

Episode 4 - AMA with Charles Hoskinson Nov 27, 2018

Q: The name of the company is changing to IOW?
A: We are going to leave the name IOHK, it’s a good name and a good brand. Logo is the same, the web site is gonna stay the same. So materially nothing physical will change about the company, just the legal axis of the company.
There was a series of regulatory and tax changes.
The tax Delta between operating abroad and operating domestically was so small that to us it made more sense to “onshore” meaningful components of our business
We'd like to start giving stock options to people and other incentive packages and so given that the dynamics of the business have changed in the regulatory environment has changed the tax environments has changed at this stage in our evolution as a company it makes sense for us to onshore and pull in to US.
Q: Can cryptocurrency feasibly outcompete existing mobile payment technology in Asia and Africa?
A: Yes and no. We already have got the great user experience, the issue is that this experience centralized and not private. That's why we have a Pan-African strategy with Cardano and that's what we focus on things like how do we get a million and half coffee farmers identified and things like how do we tokenize natural resources in Mongolia. And these types of things at the end of the day I think it's gonna be what drives adoption for these platforms.
Q: How do we grow the ecosystem to the point where we are no longer pegged to the price of Bitcoin and do you think it’s possible?
A: Bitcoin has absolutely nothing do with what we doing with Cardano and very little do with what Vitalik do with Ethereum etc.
There is structural reasons the marketplace for that. If you are trading of pairs with BTC and BTC goes down, it drugs anything down with that and also and also if that becomes the de facto pricing mechanism for everything. If Bitcoin loses its value even though relative to BTC you Satoshi’s value is the same - you Fiat value falls as whole market falls.
What will happen I think is when we have more sophisticated investments of financial instruments in the marketplace that the coupling will happen gradually over time. Other thing is we're gonna have a whole wave of instruments that are crypto like but will not be correlated with Bitcoin like security token for example.
Q: About advertisement for Cardano on TV and radio about Cardano’s benefits and how you would use advertisement to push Cardano forward?
A: I don’t think we will go on that road. The majority of our adoption efforts tend to be focused in the age category (18-30) and the easiest way of reaching them is to reach them through digital formats so you do that with Telegram groups, Facebook groups, you do that with podcasts like the intellectual dark web has a huge reach and so if you can intermingle with that you can end up getting millions of people and they also tend to be pretty proactive and you tend have a two-way conversation with these people so there's a different form of social engagement.
Q: About what countries in Africa IOHK is involved? Which countries is focusing and what projects are in which areas?
A: We have 52-country strategy for Africa. You have to have a balance of small to large. If you are looking to Ethiopia, for example, you have to have from 3 to 5 years time horizon probably to do anything significantly meaningful that’s going to generate revenue and large-scale adoption. In countries like Uganda Rwanda you’ll get a lot of opportunities to do things in horizon of 3 months to 6 months that are meaningful. It’s just gonna affect considerably smaller population. We are planning to do some pilots in the large countries and pilots in the small countries bearing through quickly and the larger countries basically gradually growing into meaningful adoption.
Q: How competitive do you think the Cardano is in the landscape of developing nations as opposed to other cryptocurrencies?
A: If you're gonna do business in developing countries it's about relationships it's not about technology the first thing you must do is establish credibility and relationships within the jurisdictions and basically prove that you're good actor and you want to do good things. We feel that you have to take projects systematically, methodically and you take think about whole puzzle, every piece of it. You can’t just do one or two and say - Okay, when we’ve done more than two let’s go encourage adoption. No, unless you have a pretty good story for all these things it’s not reasonable to see growth. That’s why I don’t worry too much about competitors. I just see a lot of noise right now in market place.
Q: What your childhood was like? Would be interesting to take a step back and to know about young Charles decided to study mathematics, this kind of stuff.
A: I tend not to get too much into my past but you know I grew up in Hawaii and I lived in this little town on the east side of Maui and I was a pretty precocious kid. I had a great childhood but that's a standard normal childhood that a lot of us have in life nothing special about me.
I think it's less meaningful where you came from and it's more meaningful when opportunities arrive in your life. What do you make of that chance? You get them. You know statistically you usually get one or two but basically more than that. And if you are clever you can put yourself into situations where you get a lot of them but just because you have those things doesn’t mean that you are automatically going to succeed. This is important to put yourself through some struggle, to have a lot of ups and downs, a lot of lumps and bumps and recognize great opportunities.
Q: What is Cardano’s “why” and what are some of the most difficult “how” problems?
A: If I wanted to summarize Cardano’s “why” , really what I wanna do is to build a financial operating system for those who don't have one. So “why” of Cardano is simply to try to offer a parallel step that is very different but interoperable with the legacy step of 21st century and propagate that step throughout developing world as the way that people can build something instead of top-down to the bottom up and it's a huge social experiment. The other “why” of Cardano is to say not only we can build financial operating system and get this to the developing world but then we can use the emergence of of this parallel economy as a great social experiment to see what happens when no one is in control and to see if you end up getting a better outcome than someone is in control.
In terms of the “how” that’s actually a lot easier because it’s just a matter of knowing first how to build good software and design good protocols.Everything you do you always have to think to yourself how do you avoid a cult of personality. And we must be vigilant to decentralize the execution of all the things we do whether that be the software development or the science, or the community management, or the use of funds all of these things have to come from a multi-modal, multi actor.
Q: How the ecosystem will evolve? What about other tokens on the settlement layer what role will be tokens play and kind of what is your vision for how this kind of size ecosystem will grow?
A: From a liability perspective and also just from a complexity perspective to separate these two and that's what we did conceptually with Cardano and the accounting lives in one layer that's SL it's the lower liability kind of looks like Bitcoin style layer and then the more complicated layers called CL and because we have them in layers you can actually have different philosophies and that's why we have the KVM and IELE and these types of things and we'll inevitably add more.
We created a way of making UTXO accounting and Ethereum style accounts interoperable with each other and we call that Chimeric Ledger's. Then we decided to extend the UTXO model so it has more capabilities so that you could actually use a smart contract language on top of so you have richer scripting now these two things together give you a very fertile environment for a multi asset ledger that actually has real good behaviors behind those assets whether it be a security token or ERC 20 style token or maybe a more sophisticated token and then add in Marlow in Plutus.
What Cardano is going to evolve to in 2019 and we're already starting to see a lot of these core components solidify this will have the extended UT EXO model, will have Chimeric Ledger's notion, sidechains, Ouroboros will be fully activated then we'll start wiring on NPC to he ledger and that NPC will allow you to do a lot of cool off chain things including up to decentralized exchange at some point and you'll be able to issue all kinds of cool assets on the system so our hope is eventually to have a multi asset system.
Q: Charles, after you're done with the Cardano Project in 2020 what are your plans for the future I know you've touched on it in the previous AMAs but has anything changed on your perspective?
1:04:19 A: My hope would be to take a step back and enjoy my ranch and basically looking to more agricultural and artistic endeavours. Although I really would like to still do some things in mathematics. I'm quite interested in Homotopy Type Theory
Q: With all flavours of Ouroboros coming out kinda what is in game?
I would like to add on this question
How do you decide which priorities you take? Which part of Ouroboros you will improve on next and how will these different versions of Ouroboros play together?
A: They are really three research phases for Ouroboros. The first phase was a theory phase which was saying - “Do we even understand what the hell we are trying to do?
The second phase of research is all about practicality and it's all about basically turning it into a production system in incumbent and hat also the stake pool research that we did and the incentives research we did out of Oxford.
But the third phase is all about getting to millions and billions of users and it's all about scalability so that’s the concept of “Can we make these systems scale as we gain more users?” So that requires better protocols and we’re starting to see the emergence of those things like parallel chains for example and the side chain research agenda and at some point those two things will converge and Ouroboros Hydra will be released now along the way you're gonna see all these other flavors of Ouroboros, like Ouroboros BFT or Ouroboros that specializes in privacy preservation and maybe Ouroboros Cronos.
Q: How hard is it to learn high school Haskel, Plutus or Marlowe for developers that are used to C++, C sharp, VB, Java? Do they need to be engineers to develop? Are they going to need to wait for a compiler to translate from Java, Solidity, C++ to Haskel, Plutus or Marlowe and how they can teach their team to develop with these new languages?
A: Well the whole point of the project is to use the tools you've know and love and not be forced to use tools that are exotic to you so IELE is all about saying if you're a Java developer be a Java developer and don't worry so much about Plutus or Haskell.
Q: Can the market cap of cryptocurrencies ever get so high and the liquidity so good that the interoperability between different layers is so fluid that speculative trading can basically disappear?
A: No. Next question.
Q: Do you think Cardano or maybe blockchains in general will ever have a place in “true voting system”? For example, elections?
A: When we are thinking about the voting system it's not necessarily just about picking particularly candidate it’s about an ability within any organization or institution to express your opinion safely. One of the magic of these blockchain systems is that they allow you to orchestrate very secure high fidelity elections that preserves privacy but still guarantee that the right members actually can participate and only the right members can participate. So yes I think voting systems are tremendously important and their development is vital for republic or democracy to function well. Or for us to make decisions well or to express ourselves well. I think that’s probably still makes blockchain the most valuable invention of the 21st century.
Q: Everyone is wondering with the crashing market. Is IOHK, EMURGO and the Cardano foundation are they solving, do they have enough money to continue operations?
A: We are doing reasonably well and comfortably well and the best days are definitely ahead of us.
submitted by KarynaS to cardano [link] [comments]

BITCOIN SV — The Best Coin Of The Past Week (June 2).

BITCOIN SV — The Best Coin Of The Past Week (June 2).
https://preview.redd.it/opk5lbg76e231.jpg?width=5120&format=pjpg&auto=webp&s=20da54f5e956b91751f0048c583eca183a3685fe
Every week we choose one coin or token from the many different projects that are out there, and we tell in detail about the team behind it and the goals it pursues.Usually, these are also coins that showed a high-profit last week.
Today we’re going to talk about Bitcoin SV.

What is Bitcoin SV?

Bitcoin Cash SV is a cryptography-based payment system that was created on November 15, 2018, after the hard fork of cryptocurrency Bitcoin Cash. This cryptocurrency has support from entrepreneur Craig Wright and multi-billionaire Kelvin Eyre.
The main reason for the creation of cryptocurrency Bitcoin Cash SV was the desire of the community not to deviate from the idea embedded in Bitcoin Cash.
At the software level, the differences are in the applied algorithms and blockchain size.

What is it used for?

As the original Bitcoin (BTC) protocol, Bitcoin SV was creating an independent decentralized registry of records capable of being used for independent guaranteed confirmation of actions.
It can also serve as a value equivalent, like fiat money, and be used in calculations for goods and services.

BTC SV price chart Week (May 27 - June 02, 2019)


https://preview.redd.it/1fcoshiu6e231.png?width=1305&format=png&auto=webp&s=28e8c993a8c9e20fe1a60a2cdbf03319b5f49ce7
Last week’s BTC SV price chart (provided by CoinMarketCap)

Month (May 02, 2019 - June 02, 2019)


https://preview.redd.it/uafni59v6e231.png?width=1341&format=png&auto=webp&s=acc24ee40035f2f1497b19b511fc7d1568f9146a
Last month’s BTC SV price chart (provided by CoinMarketCap)
If you have questions left, visit our FAQ for more information. Feel free to ask us a question directly within the app's chat.
If you want to take part in the challenge, get Plutus Wallet from Google Play for Android or the App Store for iOS devices, and find your best strategy!
Make sure you follow us on social media for the latest news and updates: Facebook, Telegram, Twitter, Reddit, and Instagram.
Find more information on our website: plutus.ai
submitted by plutuswallet to u/plutuswallet [link] [comments]

Best Crypto Portfolios Of The Week: June 10, 2019

Best Crypto Portfolios Of The Week: June 10, 2019

https://preview.redd.it/jo4rylr5oo331.jpg?width=2048&format=pjpg&auto=webp&s=b235392eca898125bc8de50eeedb6ac16cf5323a
Since our last review of the best crypto portfolios for the week, the crypto markets have been experiencing a slight correction. The price of the main cryptocurrency Bitcoin (BTC) dropped by 5% and is traded at $8,022 according to the HitBTC data exchange.
Despite the unfavourable external environment, our users were still able to show a positive trend. Let’s see the details of how they did that:
https://medium.com/@plutus.ai/best-crypto-portfolios-of-the-week-june-10-2019-59461cdb0f1a
submitted by plutuswallet to u/plutuswallet [link] [comments]

MaidSafeCoin (MAID) — The Best Coin Of The Past Week (May 29)

MaidSafeCoin (MAID) — The Best Coin Of The Past Week (May 29)
MaidSafeCoin (MAID) — The Best Coin Of The Past Week (May 29)
https://preview.redd.it/fgd9r3a16b131.jpg?width=4800&format=pjpg&auto=webp&s=1151c565f47debfcfd73f17062fa66fe60f248be
Every week we talk about the most interesting coins on the market and pick out the ones which have played their part in our users’ quest for the best results.
Today’s hero is MaidSafeCoin (MAID), held by most of the Top 10 users in this week’s USDT leaderboard.

What is MaidSafeCoin?

Maidsafecoin (MAID) is a decentralized application development platform based on the Bitcoin Blockchain. The Maidsafecoin network forms separate personal computers located all over the world, which provide storage space for network files and computational power for the operation of the Maidsafe network.

What is it used for?

Within the Maidsafe network, there are “money” units that are paid to network members for the provision of their resources. They are called Safecoin. The number of accrued Safecoin depends on different factors: the CPU capacity, the provided memory and the time spent on the network. Safecoin coins are intended exclusively for use within the network, namely for the purchase of Maidsafe services, such as disk space, etc.

MAID price chart Week (May 20 - 26, 2019)


https://preview.redd.it/m1j3jt1z6b131.jpg?width=1337&format=pjpg&auto=webp&s=5f7bdfc5ea9689d3029f7d880a32dbb2ed07ff53
Last week’s MAID price chart (provided by CoinMarketCap)

Month (Apr 26, 2019 - May 26, 2019)


https://preview.redd.it/kx4d06007b131.jpg?width=1325&format=pjpg&auto=webp&s=0d25fff45d1cad06f09e64453f8785f7d5bd288b
Last month’s MAID price chart (provided by CoinMarketCap)
That’s all for now!
Explore and add the best performing coins to your portfolio, reach the leaderboards and earn Plutus Coins.
Looking for more market insights? Get Plutus Wallet from Google Play and find your best strategy.
Make sure you follow us on social media for the latest news and updates: Facebook, Telegram, Twitter, Reddit, and Instagram.
Find more information on our website: plutus.ai

submitted by plutuswallet to u/plutuswallet [link] [comments]

BlitzPredict XBP — The Best Coin Of The Past Week

BlitzPredict XBP — The Best Coin Of The Past Week

https://preview.redd.it/s3mgnbifq3431.jpg?width=2048&format=pjpg&auto=webp&s=c994d35afc2672812a205656e25d19c21dc40164
As you can see from our latest week’s article about the best portfolios, almost all users from the Bitcoin leaderboard had the BlitzPredict (XBP) Coin in their crypto portfolios.
Let’s take a more detailed look at this cryptocurrency coin.
What is BlitzPredict?
BlitzPredict is a blockchain-based application that is dedicated to providing innovative solutions to many of the problems that currently exist in the betting industry. Users can use the BlitzPredict platform to find reliable, transparent, betting advice available for purchase with the XBP token. XBP is an ERC-20 token built on the Ethereum network and is used to power the blockchain-tracked expert advice to ensure complete transparency when determining wins and losses. Receive rewards if they are correct using the internal XBP token. BlitzPredict delivers a betting exchange focused on sports, esports and politics. XBP token team uses the conceptual and functional product development of one of the most famous projects in the field of blockchain predictions — Augur (REP). BlitzPredict also collaborates with another crypto project heavyweight — 0X (ZRX), which provides them with a platform for a decentralized internal crypto exchange.
What is it used for?
The XBP token is used to determine the exact price of predicting an event and the fair compensation of its author. It is also possible to form syndicates and solicit contributions from the community. Users can stake the syndicate with XBP.
XBP Price Chart Week (June 03 — June 10)

https://preview.redd.it/55xys8jmq3431.png?width=800&format=png&auto=webp&s=ce8f4d9818aca3e0aa2d9731923fff5f2218e219
Last Weeks’ XBP price chart provided by CoinMarketCap

XBP Month Price Chart (May 10 — June 10)

https://preview.redd.it/b4xruh5rq3431.png?width=1143&format=png&auto=webp&s=31f47b52befcafa380f98d327e1aa47a13fc9175
Last Month XBP price chart provided by CoinMarketCap
If you are interested in exploring the opportunities that the crypto market provides, you can downloadPlutus Wallet from Google Play for Android or from the App Store for iOS devices and get free access to the cryptocurrency simulator with the possibility of real trading.
We appreciate your feedback, and if you like the content of our articles you can follow us at Facebook, Telegram, Twitter, Reddit, and Instagram.
submitted by plutuswallet to u/plutuswallet [link] [comments]

Best Crypto Portfolios Of The Week: June 3, 2019

Best Crypto Portfolios Of The Week: June 3, 2019
https://preview.redd.it/mpox3iaqc7231.jpg?width=2048&format=pjpg&auto=webp&s=195f3f4f4f3cff3cdf64ae91831a08f117c535df
This week the cryptocurrency market was relatively calm. Price fluctuations of several coins were influenced by some announcements made within the cryptocurrency industry. Over the week, the price of Bitcoin (BTC) changed by -2.5% and currently sits at around 8,553.5 USD (according to HitBTC exchange data).
However, even in such calm conditions, our users were able to achieve some impressive results. Let's focus on their success in more detail:
https://medium.com/@plutus.ai/best-crypto-portfolios-of-the-week-june-3-2019-42931436863b
submitted by plutuswallet to u/plutuswallet [link] [comments]

Best Crypto Portfolios Of The Week

Best Crypto Portfolios Of The Week

https://preview.redd.it/fmd9zwb8zpp21.jpg?width=2048&format=pjpg&auto=webp&s=46272b208a5d612523f0faa7249989a9cfd9ef62
Let’s talk about the ten best portfolios of the past week and analyze how these particular crypto portfolios got a place in the Top 10 Leaderboards.

Top 10 Portfolios. Base Currency — Bitcoin

https://preview.redd.it/ix0pzrl9zpp21.png?width=1038&format=png&auto=webp&s=345571765d889d523a970d0dc67654e9a59128cb

Top 10 Portfolios. Base Currency — Tether


https://preview.redd.it/mrdpt6udzpp21.png?width=1038&format=png&auto=webp&s=0ff5ef94a57bbbfb146f23c14e7e0748b7994582

How these Portfolios got into the Top 10?

Quite a few cryptocurrency Coins performed pretty decently last week. But it was Jury.Online Token (JOT), which we would like to highlight today. At the beginning of the week, JOT’s price was around 0.005 USD. Then by Friday, it increased by eighteen times to a rate of 0.09 USD! Finally, it stabilized at 0.03 USD, which is still an impressive increase in value compared to its price at the beginning of the week. Those users, who have added JOT token to their portfolios, are now enjoying the benefits of having reached a place in the Top 10 Leaderboard. And as you probably already know, you get nicely rewarded for that!
If have questions left, visit our FAQ for more information. Feel free to ask us a question directly within the app’s chat. We will be glad to help.
Get Plutus Wallet on Google Play.
Make sure you follow us on social media for the latest news and updates: Facebook, Telegram, Twitter, Reddit and Instagram. Find more information on our website

submitted by plutuswallet to u/plutuswallet [link] [comments]

Bonehead's Ethereum News to Come (Updated)

NEWs To Come - last updated - April 5th, 2016
Ethereum’s ecosystem is growing so quickly, very exciting news has a habit of coming out of nowhere. That said, there are more than a few things to have on our radar. Thanks to help from this community, here’s a current list. As always, what am I missing?
Ethereum Blockchain Development
Other news we know will happen
Coin relays and interoperability
One very powerful aspect of Ethereum’s blockchain is it allows both formal relays between blockchains as well as general interoperability between chains. Relays allow Ethereum to empower other blockchains, basically letting these more classic chains (like Bitcoin and Dogecoin) use Ethereum as a service for smart contracts. This “bonded sidechain” is more powerful/flexible path to using smart contracts than building non-currency agnostic chains. Similarly, interoperability is a classic concept in software development with over 30 years of history. Ethereum’s Virtual Machine (EVM) greatly facilitates multi-chain interoperability – which could allow private chains to communicate with Ethereum’s public chain. Basically, Ethereum facilitates “chaining all the things”. In other words, even future private chains could interoperate with the Ethereum public blockchain to have a gateway between their secured private chain and the more global public chain. Private chain development is a GOOD thing under this model, even if that private chain is not an Ethereum fork.
Current examples
Public Dapps and/or ventures to keep an eye on
Ethereum ecosystem is growing in unbelievable way with well over a 100 DApps. Below are some DApps and ventures that have been commonly discussed and seem to be generating news sooner than later.
Many of Ethereum's 100+ DApps will fail, but it only takes one to succeed to bring Ethereum to the mainstream. That said, sadly, there will also be scams. We should never forget Bitcoin's NeoBee or any of the MANY failed exchanges. As a community, we'll want to keep a close eye out in more ways than one. Be enthusiastic but critical - with transparency being absolutely key to trust.
Developer tools to keep an eye on
Ether ATMs
Embedded Devices
Potential surprises that are not really surprises
Parting statement
Ethereum has essentially a monopoly on smart contracts, and from the list above, it should be clear that it has built a remarkable network effect around this ecosystem. It is a disruptive technology, that fosters synergies, and when put in a greater perspective, it’s market cap remains quite tiny, especially when you think of the relative size of the growing community.
Please let me know if there is something you'd like to see.
Concerns
You can support my ETH sleuthing addiction:
0x082b594a0fbb4faa007e72f3a31d56764ac4de66
submitted by nbr1bonehead to ethtrader [link] [comments]

AMA with trade.io CEO (part 3)

AMA with trade.io’s CEO (Part 3)

Posted by Xalat on July 13, 2018
Tokens Listing
Q: Which coins will be listed on the exchange initially?
A: Initially it will be the basic, big coins, but then we will roll out a ton after, especially ERC20. Have a bunch of listings and ICO clients that will come out quickly as well. So at start:
BTC — Bitcoin BCH — Bitcoin Cash ETH- Ethereum LTC — Litecoin TIO — TradeToken
USDT — May be available right at launch or at the very least within 2–3 days following launch.
ERC20 — we are looking at rolling out maybe 200 as soon as possible, but priority is on listing clients and ICO clients.
EOS and XRP soon.
Q: When will the exchange support FIAT?
A: Soon, there is no regulatory issue, just want to scale into features.
Q: Will we have any kind of voting system for new coin listings? Can you tell us anything about your plans on how new listings will be done? Would TIO owners have any privileges over others?
A: We are not looking to limit coins by any means, just need a controlled process to roll them out.
Regulations and Jurisdictions
Q: Can you speak on the progress with regards to regulations in the various jurisdictions? Which jurisdictions is trade.io currently focusing on, or which is top priority at the moment?
A: Working on HK, Singapore, Switzerland, Malta right now as the bigger ones. Smaller ones as well. We are meeting with regulators in the US as well.
Q: Are u also considering India?
A: India is unclear as to regulations right now.
Q: Will trade.io move to comply with the SEC and other regulatory bodies worldwide as they ask for information on customer protections, etc?
A: Already started, meetings already happening. We will do what we can to eliminate insider trading, wash trading, bots, fake volumes, all the bad things that hurt customers and plague other exchanges.
Roadmap
Q: When is the new Road-map being published?
A: After exchange and LP launches.
LP
Q: When will the LP fully launch? After 30 days of exchange? And the profit of the LP will count from the 1st day of exchange launch?
A: There is only a full version of LP, there is no beta version of LP. Profit starts immediately, LP will launch after 30 days i.e. profits start from next week at launch of the exchange. ICO consultancy revenues will be included regardless when exchange launches.
Q: Will there be something which tells the day’s profit with detail for transparency before LP launch?
A: There will be a LP distribution amount widget, but not promising that before LP launch.
Q: How much can we expect from LP daily payouts in the first month? Nothing at all? Something more than current airdrops program? Or much more than current airdrops?
A: The exchange needs to ramp and generate volume, then the LP will have meaningful distributions.
Q: There were some thoughts that the running costs would eat up the revenues that was already generated from consultancy arm that would left very few to be distributed. Could you tell us this is not the case? And in general, costs to be subtracted from LP is only direct costs that affects it, could you confirm that as well?
A: You mean operations? No that is covered from our 50%.
TIO Token
Q: After the exchange has been launched, how is the price movement of TIO expected to react? Do you not have any estimation for it?
A: Impossible to know, however, we are actively exploring moving TIO to exclusively be traded on trade.io exchange and de-list from other exchanges, for more control over price manipulation.
Q: What’s the solution in the future to avoid something like Bitforex?
A: They picked us up on their own. It is impossible to prevent a supposed decentralized exchange from listing TIO
Q: What measures will be taken to boost the trading volume of TIO token after launch of exchange. With the LP, the volume might be very low as it is today?
A: If you look at the token economics of TIO, it is designed to be more like a Berkshire Hathaway than a high volume penny stock. The goal is to drive value, not volume. The more value we create, and with low float, this will be good for price.
Q: Will TIO be trade-able with other commodities listed under FX Primus ?
A: Most likely not, as its a crypto asset so it will be traded against other cryptos.
trade.io Exchange
Q: What is the ETA for decentralized exchange?
A: There is no ETA at this time, we’re fully focused on making sure we have a flawless centralized exchange and execute on the liquidity pool.
Q: Will trade.io offer margin trading?
A: We will. Working with risk management to get it structured.
Q: What about futures and options?
A: Talking to some vendors specifically about this as possible partners.
Q: Will trade.io have algo trading?
A: Talking to a partner on that currently as well
Q: Why limit the launch to just 1000 initially?
A: The limitation to 1000 is not really for technology reasons, its more to allow customer support to get feet under them before we pummel them. It’s 1000 on Day 1, looking to open up to many thousands, within only a few days following launch. There is no level of training that can prepare support/finance, etc. once live users come through the door. This is not our first rodeo with running brokerages, so we understand its a completely different ballgame once the bright lights are on.
Q: What about Blossom wallet?
A: That wallet is under development, which makes it easier to participate in ICOs, have KYC, etc.
Q: Are MEW or other wallets going to be integrated in such a way as to make it possible to be able to participate in the LP without having them on the exchange? If this is actually possible that is. Will Private Keys be made available to the holders of the wallets in trade.io?
A: Not sure on security on that. May be part of hybrid DEX solution. Also, transaction fees would be high, since every transaction would be recorded on BC, cant really use ledger. Not ideal overall.
Q: Will trade.io place their own buy and sell orders to maintain liquidity?
A: We will keep risk low initially, but over time us and outside (institutional) providers will be doing this.
Partnerships
Q: What are the plans with FX Primus?
A: The current initiative with FXP, is to accept TIO as a deposit method, then eventually allow TIO to be traded on the platform.
Q: Are there any updates on the Angel Investors Program? What roles do Kosmos, Plutus VC and Blockway Capital play in the Angels Investors Program?
A: We are sending them deals to look at where they know we already did KYC, took a first pass, etc. They are also bring us deals to look at as well.
Security
Q: Can u please tell us about the security measures taken for exchange. As these days many exchanges are being hacked even the so called best exchange i.e. Binance , Bancor etc.
A: We have in-house, outside team, Cloudflare, Fireeye, etc. To elaborate, virtually all client assets are kept in cold storage as well.
Q: Are there plans to provide insurance against hacking? If wallets get hacked is it guaranteed that owners will get all their tokens back? One suggestion is that part of the undistributed funds from the LP (due to tiers with percentages less than 100%) can be used to offer such insurance, If necessary…if not, could be retained by the company …Security is obviously of the utmost importance especially if trade.io is targeting institutional investors. This insurance would bring extra peace of mind.
A: We are looking for answers on that, so I like the suggestion. Nothing definitive yet. We will explore insurance and other things, but same answer for all of crypto, there is nothing like FDIC yet.
join trading revolution.
join trade.io sign up here: https://trade.io/l/lb1x
submitted by mayamanAko to TradeIOICO [link] [comments]

Q&A from CEO

Tokens Listing
Q: Which coins will be listed on the exchange initially?
A: Initially it will be the basic, big coins, but then we will roll out a ton after, especially ERC20. Have a bunch of listings and ICO clients that will come out quickly as well. So at start:
BTC – Bitcoin BCH – Bitcoin Cash ETH- Ethereum LTC – Litecoin TIO – TradeToken
USDT – May be available right at launch or at the very least within 2-3 days following launch.
ERC20 – we are looking at rolling out maybe 200 as soon as possible, but priority is on listing clients and ICO clients.
EOS and XRP soon.
Q: When will the exchange support FIAT?
A: Soon, there is no regulatory issue, just want to scale into features.
Q: Will we have any kind of voting system for new coin listings? Can you tell us anything about your plans on how new listings will be done? Would TIO owners have any privileges over others?
A: We are not looking to limit coins by any means, just need a controlled process to roll them out.
Regulations and Jurisdictions
Q: Can you speak on the progress with regards to regulations in the various jurisdictions? Which jurisdictions is trade.io currently focusing on, or which is top priority at the moment?
A: Working on HK, Singapore, Switzerland, Malta right now as the bigger ones. Smaller ones as well. We are meeting with regulators in the US as well.
Q: Are u also considering India?
A: India is unclear as to regulations right now.
Q: Will trade.io move to comply with the SEC and other regulatory bodies worldwide as they ask for information on customer protections, etc?
A: Already started, meetings already happening. We will do what we can to eliminate insider trading, wash trading, bots, fake volumes, all the bad things that hurt customers and plague other exchanges.
Roadmap
Q: When is the new Road-map being published?
A: After exchange and LP launches.
LP
Q: When will the LP fully launch? After 30 days of exchange? And the profit of the LP will count from the 1st day of exchange launch?
A: There is only a full version of LP, there is no beta version of LP. Profit starts immediately, LP will launch after 30 days i.e. profits start from next week at launch of the exchange. ICO consultancy revenues will be included regardless when exchange launches.
Q: Will there be something which tells the day’s profit with detail for transparency before LP launch?
A: There will be a LP distribution amount widget, but not promising that before LP launch.
Q: How much can we expect from LP daily payouts in the first month? Nothing at all? Something more than current airdrops program? Or much more than current airdrops?
A: The exchange needs to ramp and generate volume, then the LP will have meaningful distributions.
Q: There were some thoughts that the running costs would eat up the revenues that was already generated from consultancy arm that would left very few to be distributed. Could you tell us this is not the case? And in general, costs to be subtracted from LP is only direct costs that affects it, could you confirm that as well?
A: You mean operations? No that is covered from our 50%.
TIO Token
Q: After the exchange has been launched, how is the price movement of TIO expected to react? Do you not have any estimation for it?
A: Impossible to know, however, we are actively exploring moving TIO to exclusively be traded on trade.io exchange and de-list from other exchanges, for more control over price manipulation.
Q: What’s the solution in the future to avoid something like Bitforex?
A: They picked us up on their own. It is impossible to prevent a supposed decentralized exchange from listing TIO
Q: What measures will be taken to boost the trading volume of TIO token after launch of exchange. With the LP, the volume might be very low as it is today?
A: If you look at the token economics of TIO, it is designed to be more like a Berkshire Hathaway than a high volume penny stock. The goal is to drive value, not volume. The more value we create, and with low float, this will be good for price.
Q: Will TIO be trade-able with other commodities listed under FX Primus ?
A: Most likely not, as its a crypto asset so it will be traded against other cryptos.
trade.io Exchange
Q: What is the ETA for decentralized exchange?
A: There is no ETA at this time, we’re fully focused on making sure we have a flawless centralized exchange and execute on the liquidity pool.
Q: Will trade.io offer margin trading?
A: We will. Working with risk management to get it structured.
Q: What about futures and options?
A: Talking to some vendors specifically about this as possible partners.
Q: Will trade.io have algo trading?
A: Talking to a partner on that currently as well
Q: Why limit the launch to just 1000 initially?
A: The limitation to 1000 is not really for technology reasons, its more to allow customer support to get feet under them before we pummel them. It’s 1000 on Day 1, looking to open up to many thousands, within only a few days following launch. There is no level of training that can prepare support/finance, etc. once live users come through the door. This is not our first rodeo with running brokerages, so we understand its a completely different ballgame once the bright lights are on.
Q: What about Blossom wallet?
A: That wallet is under development, which makes it easier to participate in ICOs, have KYC, etc.
Q: Are MEW or other wallets going to be integrated in such a way as to make it possible to be able to participate in the LP without having them on the exchange? If this is actually possible that is. Will Private Keys be made available to the holders of the wallets in trade.io?
A: Not sure on security on that. May be part of hybrid DEX solution. Also, transaction fees would be high, since every transaction would be recorded on BC, cant really use ledger. Not ideal overall.
Q: Will trade.io place their own buy and sell orders to maintain liquidity?
A: We will keep risk low initially, but over time us and outside (institutional) providers will be doing this.
Partnerships
Q: What are the plans with FX Primus?
A: The current initiative with FXP, is to accept TIO as a deposit method, then eventually allow TIO to be traded on the platform.
Q: Are there any updates on the Angel Investors Program? What roles do Kosmos, Plutus VC and Blockway Capital play in the Angels Investors Program?
A: We are sending them deals to look at where they know we already did KYC, took a first pass, etc. They are also bring us deals to look at as well.
Security
Q: Can u please tell us about the security measures taken for exchange. As these days many exchanges are being hacked even the so called best exchange i.e. Binance , Bancor etc.
A: We have in-house, outside team, Cloudflare, Fireeye, etc. To elaborate, virtually all client assets are kept in cold storage as well.
Q: Are there plans to provide insurance against hacking? If wallets get hacked is it guaranteed that owners will get all their tokens back? One suggestion is that part of the undistributed funds from the LP (due to tiers with percentages less than 100%) can be used to offer such insurance, If necessary…if not, could be retained by the company …Security is obviously of the utmost importance especially if trade.io is targeting institutional investors. This insurance would bring extra peace of mind.
A: We are looking for answers on that, so I like the suggestion. Nothing definitive yet. We will explore insurance and other things, but same answer for all of crypto, there is nothing like FDIC yet
submitted by agre029 to TradeIOICO [link] [comments]

Jim Preissler, CEO AMA Session On Telegram, Friday 13 July 2018 - Everything!

For those of you who like to go through everything in their correct order to get context, here is the full AMA from beginning to end. Knock yourself out.

Jim Preissler, [14.07.18 00:01]
Hi everyone
Scarlet ~ trade.io Admin, [14.07.18 00:01]
[In reply to Henry]
The first 1000 will receive email either on 16 or 17, but before exchange actually launch.
Dustin McDaniel, [14.07.18 00:01]
Jim in the house! ??
Crypto Bling, [14.07.18 00:01]
Hi jim
trade.io, [14.07.18 00:01]
Hello Jim!
Scarlet ~ trade.io Admin, [14.07.18 00:01]
[ GIF ]
TSas, [14.07.18 00:01]
Hello Jim
S Aggarwal, [14.07.18 00:02]
Hello jim
Satish, [14.07.18 00:02]
Wassup man!
Jim Preissler, [14.07.18 00:02]
Been busy getting ready for the launch and signing some more partnerships for us
Hiro S, [14.07.18 00:02]
Hi Jim
Jim Preissler, [14.07.18 00:02]
Good morning / afternoon / evening / go to bed to all of you!
Dustin McDaniel, [14.07.18 00:03]
[In reply to Jim Preissler]
[ GIF ]
Le Tai, [14.07.18 00:03]
Hi Jim
Jim Preissler, [14.07.18 00:03]
[In reply to Dustin McDaniel]
yeah, thats exactly how I feel
Ro$€, [14.07.18 00:04]
Nice to hear the new partnerships
S Aggarwal, [14.07.18 00:05]
Hey
S Aggarwal, [14.07.18 00:05]
Jim can u tell me which all coins will be listed intialy??
Jim Preissler, [14.07.18 00:06]
[In reply to S Aggarwal]
Initial will be the basic, big coins, but then will roll out a ton after, especially ERC20
Jim Preissler, [14.07.18 00:06]
Have a bunch of listings and ICO clients that will come out quickly as well
trade.io, [14.07.18 00:06]
Hi Jim, here's a question and a suggestion from Phil(@PhilWall10):
  1. When the calculator will be available for the lp pool?
  2. I would like to see a 1% bonus for the first day that the exchange is Trading ,just for investors that held over 25,000 Tio's something like that would be nice.
Zeep, [14.07.18 00:06]
hi Jim
S Aggarwal, [14.07.18 00:07]
[In reply to Jim Preissler]
I am asking for those 10 basis ones
Jim Preissler, [14.07.18 00:07]
[In reply to S Aggarwal]
is there a particular one that you are driving towards?
S Aggarwal, [14.07.18 00:07]
Eos
S Aggarwal, [14.07.18 00:07]
Xrp
Paul Johnson -trade.io, [14.07.18 00:08]
I can help out here, as the list came up a short time ago:
BTC - Bitcoin
BCH - Bitcoin Cash
ETH- Ethereum
LTC - Litecoin
TIO - TradeToken
USDT - May be available right at launch or at the very least within 2-3 days following launch
TSas, [14.07.18 00:08]
Jim, here's a question: What are the plans with FX Primus?
Jim Preissler, [14.07.18 00:08]
[In reply to S Aggarwal]
Both those require testing, ERC20 will be sooner
S Aggarwal, [14.07.18 00:08]
[In reply to Jim Preissler]
K
Dustin McDaniel, [14.07.18 00:09]
Jim, Can you speak any on the progress with regards to regulations in the various jurisdictions? Which jurisdictions is trade.io currently focusing on, or which is top priority at the moment?
S Aggarwal, [14.07.18 00:09]
Also can u please tell me approx figures u have earned out of ico consultantancy..? Just to have a idea about profit in ico
S Aggarwal, [14.07.18 00:10]
Also what is your status for regulatory licences??
Jim Preissler, [14.07.18 00:10]
[In reply to Dustin McDaniel]
Working on HK, Singapore, Switzerland, Malta right now as the bigger ones. Smaller ones as well. We are meeting with regulators in the US as well
HODL Droid, [14.07.18 00:10]
[In reply to Dustin McDaniel]
Same question + will TIO be tradeable with other comodities listed under FX Primus ?
Jimmy Choo, [14.07.18 00:10]
Hello, Jim.
My question is : After the exchange has been launched, how is the price movement of TIO in the future?
S Aggarwal, [14.07.18 00:10]
Are u also acuiring one for india??
Ro$€, [14.07.18 00:10]
I want to ask when can we have the new Roadmap?
S Aggarwal, [14.07.18 00:11]
[In reply to S Aggarwal]
@JimPreissler
Scarlet ~ trade.io Admin, [14.07.18 00:11]
Lets hold until Jim clears these questions.
Jim Preissler, [14.07.18 00:12]
[In reply to Jimmy Choo]
you tell me
Ro$€, [14.07.18 00:12]
[In reply to Jim Preissler]
:))
Jim Preissler, [14.07.18 00:12]
[In reply to S Aggarwal]
India is unclear as to regulations right now
Jim Preissler, [14.07.18 00:12]
[In reply to Ro$€]
After exchange and LP launches
Le Tai, [14.07.18 00:13]
When exchange platform support fiat? Thank you
Jim Preissler, [14.07.18 00:13]
[In reply to HODL Droid]
@biggiepaul will get back to you
S Aggarwal, [14.07.18 00:14]
[In reply to S Aggarwal]
@JimPreissler please answer this as well
Jimmy Choo, [14.07.18 00:14]
[In reply to Jim Preissler]
Do you not have any estimation for it?
Jim Preissler, [14.07.18 00:14]
[In reply to Le Tai]
soon, there is no regulatory issue, just want to scale into features
Paul Johnson -trade.io, [14.07.18 00:14]
[In reply to HODL Droid]
Most likely not, as its a crytpo asset so it will be traded against other cryptos.
Ro$€, [14.07.18 00:15]
[In reply to Jim Preissler]
Can you clearer on that? Will we have connect with bank account, convert directly into fiat?
S Aggarwal, [14.07.18 00:15]
@JimPreissler what is the ETA for decentralised exchange??
Hai Nguyen, [14.07.18 00:15]
Hi Jim, could you tell me when LP will full launch? After 30 days of exchange? And the profit of LP will count from the 1st day of exchange launch?
Morbidus, [14.07.18 00:16]
Will Trade.io move to comply with the SEC and other regulatory bodies worldwide as they ask for information on customer protections, etc?
TSas, [14.07.18 00:16]
[In reply to TSas]
Answer pls Jim
Paul Johnson -trade.io, [14.07.18 00:16]
Guys, kindly hold off on the rapid fire q's, pls let Jim answer one at a time
Jim Preissler, [14.07.18 00:16]
[In reply to Hai Nguyen]
profit starts immediately, LP will launch after 30 days
Hai Nguyen, [14.07.18 00:17]
[In reply to Jim Preissler]
Full launch or Beta launch?
Paul Johnson -trade.io, [14.07.18 00:17]
[In reply to Jimmy Choo]
Impossible to know, however, we are actively exploring moving TIO to exclusively to be traded on trade.io exchange and delist from other exchanges, for more control over price manipulation.
Jim Preissler, [14.07.18 00:17]
[In reply to Morbidus]
Already started, meetings already happening. We will do what we can to eliminate insider trading, wash trading, bots, fake volumes, all the bad things that hurt customers and plague other exchnges
Paul Johnson -trade.io, [14.07.18 00:18]
[In reply to S Aggarwal]
There is no ETA at this time, we're fully focused on making sure we have a flawless centralized exchange and execute on the liquidity pool.
Jim Preissler, [14.07.18 00:18]
[In reply to Hai Nguyen]
there is no more beta, full launch is next week
Dustin McDaniel, [14.07.18 00:18]
[In reply to Jim Preissler]
????
Hai Nguyen, [14.07.18 00:19]
[In reply to Jim Preissler]
I mean the about the LP
Morbidus, [14.07.18 00:19]
[In reply to Jim Preissler]
great thanks
Crypto Bling, [14.07.18 00:19]
[In reply to Jim Preissler]
Sweet????
Tommy Vu, [14.07.18 00:19]
[In reply to Jim Preissler]
??????
Jim Preissler, [14.07.18 00:19]
[In reply to Hai Nguyen]
profits start accumulating next week
Ro$€, [14.07.18 00:19]
[In reply to Paul Johnson -trade.io]
Whats solution in the future to avoid sth like Bitforex?
S Aggarwal, [14.07.18 00:19]
@JimPreissler will Tio offer margin trading??
" Not giving away CS, CAS and TIO", [14.07.18 00:19]
When 1 tio
Zeep, [14.07.18 00:19]
how much coin exchange?
Jim Preissler, [14.07.18 00:19]
[In reply to Ro$€]
they picked us up on their own
S Aggarwal, [14.07.18 00:20]
And What about futures and options (F&O)[email protected]
Jim Preissler, [14.07.18 00:20]
[In reply to S Aggarwal]
We will, working with risk mgmt to get it structured
Paul Johnson -trade.io, [14.07.18 00:20]
[In reply to Ro$€]
Impossible to prevent a supposed decentralized exchange from listing TIO
Jim Preissler, [14.07.18 00:20]
[In reply to S Aggarwal]
Talking to some vendors specifically about this as possible partners
Jimmy Choo, [14.07.18 00:20]
[In reply to Paul Johnson -trade.io]
Thank you, Jim.
Hope exchange is a hit. ??
Paul Johnson -trade.io, [14.07.18 00:21]
[In reply to Hai Nguyen]
LP not sooner than 1 month following exchange launch
Paul Johnson -trade.io, [14.07.18 00:21]
[In reply to Jimmy Choo]
It will be unlike anything anyone has seen yet.
Dustin McDaniel, [14.07.18 00:21]
[In reply to Jim Preissler]
Maybe question is about the launch only being for 1000 people. Is LP being targeted launching 30 days after July 17th? or after it is fully available unlimited>
S Aggarwal, [14.07.18 00:21]
@JimPreissler will Tio have algo trading??
Zeep, [14.07.18 00:21]
jim. how much coin exchange?
Jim Preissler, [14.07.18 00:22]
[In reply to Dustin McDaniel]
the limitation to 1000 is not really for technology reasons, its more to allow customer support to get feet under them before we pummel them
Hiro S, [14.07.18 00:22]
Jim, I know this a tough one, but there is a lot of specuative thoughts around what LP will share when it starts, and I saw way too optimistic, in my view. Today, the expectation of nothing will be distributed on the first month and lots will be distributed that will make TIO moon are two events of equal probability, at least for me. Can give us a better directions that any of this outcome is not a 50/50 probability? Or being more direct, how much can we expect from LP daily payouts in the first month? Nothing at all? Something more than current airdrops program? Or much more than current airdrops? thank you.
Jim Preissler, [14.07.18 00:22]
[In reply to S Aggarwal]
talking to a partner on that currently as well
Hai Nguyen, [14.07.18 00:22]
[In reply to Jim Preissler]
I mean which version of LP will launch after 30 days of exchange full launch? Beta version LP or full version LP? I see the new road map on trade.io website, it has beta LP.
Paul Johnson -trade.io, [14.07.18 00:23]
[In reply to Hai Nguyen]
there is only a full version of LP, there is no beta version of LP
Zeep, [14.07.18 00:23]
jim. how much coin list on exchange?
Dustin McDaniel, [14.07.18 00:23]
[In reply to Jim Preissler]
Fantastic
S Aggarwal, [14.07.18 00:23]
@JimPreissler just a confirmation that u have wavied trading fee but we will get other income like spread in lp for 17 july to 17 aug (30 days after launch)??
Crypto Bling, [14.07.18 00:23]
[In reply to Jim Preissler]
Nice????
Jim Preissler, [14.07.18 00:23]
[In reply to Hiro S]
The exchange needs to ramp and generate volume, then the LP will have meaningful distributions
Grimlock, [14.07.18 00:24]
[In reply to Paul Johnson -trade.io]
not sooner or not later?
Hai Nguyen, [14.07.18 00:24]
[In reply to Paul Johnson -trade.io]
??, thank you.
Paul Johnson -trade.io, [14.07.18 00:24]
[In reply to Dustin McDaniel]
Note, that its 1K on Day 1, looking to open up to many thousands, within only a few days following launch
Jim Preissler, [14.07.18 00:24]
[In reply to Zeep]
depends on volume and user base of the coin. send details to [[email protected]](mailto:[email protected])
TSas, [14.07.18 00:24]
Jim, what are the plans with FX Primus?
Paul Johnson -trade.io, [14.07.18 00:25]
[In reply to TSas]
Hey Tsas, i can help with that one.
Jim Preissler, [14.07.18 00:25]
[In reply to S Aggarwal]
correct, only trading fee waived initially
Paul Johnson -trade.io, [14.07.18 00:25]
[In reply to TSas]
The current initiative with FXP, is to accept TIO as a deposit method, then eventually allow TIO to be traded on the platform.
Ro$€, [14.07.18 00:25]
Which users will have profit from LP in the first 2 months? Only the first 1000? Any new formula to calculate
S Aggarwal, [14.07.18 00:26]
[In reply to Jim Preissler]
Thanks for confirmation
Paul Johnson -trade.io, [14.07.18 00:26]
[In reply to Grimlock]
Definitely not sooner, and might be later.
Dustin McDaniel, [14.07.18 00:26]
[In reply to Paul Johnson -trade.io]
Thank you, now knowing that is is limited release based mainly to help support team, it is a lot clearer.. Gives assurance that team is confident on the technology side
TSas, [14.07.18 00:26]
[In reply to Paul Johnson -trade.io]
?? thanks
Paul Johnson -trade.io, [14.07.18 00:26]
[In reply to Paul Johnson -trade.io]
No worries though, as revenue generated will be calculated from Day 1 of the launch
Jim Preissler, [14.07.18 00:27]
Obviously, the success of the LP is directly tied to success of exchange
Grimlock, [14.07.18 00:27]
[In reply to Jim Preissler]
and vice versa i suppose
Jim Preissler, [14.07.18 00:27]
[In reply to Dustin McDaniel]
People harder to scale then tech
Paul Johnson -trade.io, [14.07.18 00:27]
[In reply to Dustin McDaniel]
Correct, there is no level of training that can prepare support/finance, etc. once live users come through the door. This is not our first rodeo with running brokerages, so we understand its a completely different ballgame once the bright lights are on.
S Aggarwal, [14.07.18 00:28]
@JimPreissler will there be something which tells the days profit with its details for transperancy before lp launch?
Dustin McDaniel, [14.07.18 00:28]
[In reply to Paul Johnson -trade.io]
so, revenue generated to this point, through ICO consultancy, etc... is not included in LP? Only what is generated after exchange launch?
S Aggarwal, [14.07.18 00:28]
[In reply to Dustin McDaniel]
They said eariler it will be included
Ro$€, [14.07.18 00:28]
[In reply to Dustin McDaniel]
As i remember, it is included
Jim Preissler, [14.07.18 00:28]
[In reply to S Aggarwal]
There will be a LP distribution amount widget, but not promising that before LP launch
Paul Johnson -trade.io, [14.07.18 00:29]
[In reply to Dustin McDaniel]
I stand corrected, you're correct, ICO consultancy rev's will be included regardless when exchange launches.
Jim Preissler, [14.07.18 00:29]
[In reply to Dustin McDaniel]
its included
Dustin McDaniel, [14.07.18 00:29]
You guys ROCK!!
Crypto Bling, [14.07.18 00:29]
[In reply to Dustin McDaniel]
+1
Grimlock, [14.07.18 00:29]
????????????????????????????
Ro$€, [14.07.18 00:29]
Which users will get it and how?
Tommy Vu, [14.07.18 00:30]
[In reply to Crypto Bling]
??
Jimmy Choo, [14.07.18 00:30]
[In reply to Dustin McDaniel]
+10
Paul Johnson -trade.io, [14.07.18 00:30]
[In reply to Crypto Bling]
[ Photo ]
S Aggarwal, [14.07.18 00:30]
Is there any hardware wallet also as a gift from selfkey partnership??
S Aggarwal, [14.07.18 00:30]
Like airdrop
Jim Preissler, [14.07.18 00:30]
[In reply to S Aggarwal]
? not sure of Q
Ro$€, [14.07.18 00:31]
My question pls Jim
Hai Nguyen, [14.07.18 00:31]
How is about Blossom wallet?
Ro$€, [14.07.18 00:31]
[In reply to Ro$€]
..
S Aggarwal, [14.07.18 00:32]
Can u please tell security measures taken for exchange... As these days many exchanges are being hacked even the so called best exchange i.e. binance , bancor etc
Jim Preissler, [14.07.18 00:32]
[In reply to Hai Nguyen]
That wallet is under development, which makes it easier to participate in ICOs, have KYC, etc.
Dustin McDaniel, [14.07.18 00:32]
[In reply to S Aggarwal]
And on that note....
Are there plans to provide insurance against hacking? If wallets get hacked is it guaranteed that owners will get all their tokens back? One suggestion is that part of the undistributed funds from the LP (due to tiers with percentages less than 100%) can be used to offer such insurance, If unnecessary...if not, could be retained by the company …Security is obviously of the utmost importance especially if trade.io is targeting institutional investors. This insurance would bring extra peace of mind.
Johnson, [14.07.18 00:33]
Jim, what measures will be taken to boost the trading volume of TIO token after launch of exchange. With liquidity pool, I think the volume might be very low as it is today
DeviLpaL ~ trade.io Moderator, [14.07.18 00:33]
Hold on guys. Let jim answer Q one by one
Hiro S, [14.07.18 00:33]
There was some thoughts that running costs would eat up the revenues that was already generated from consultancy arm that would left very few to be distributed. COuld you tell us this is not the case? And in general, costs to be subracted from LP is only direct costs that affects it, could you confirm that as well? thank you.
Jim Preissler, [14.07.18 00:33]
[In reply to S Aggarwal]
We have inhouse, outside team, cloudflare, fireeye, etc.
S Aggarwal, [14.07.18 00:34]
[In reply to Dustin McDaniel]
I think the undistributed profit (as for those having less than 100%) will add to profit of next day
Grimlock, [14.07.18 00:34]
[In reply to Jim Preissler]
the important question is still: in case of any hacking, are we guaranteed our tokens back?
Paul Johnson -trade.io, [14.07.18 00:34]
[In reply to Jim Preissler]
To elaborate, virtually all client assets are kept in cold storage as well.
Jim Preissler, [14.07.18 00:34]
[In reply to Dustin McDaniel]
We are lookng for ans on that, so I like the suggestion. Nothing definative yet
Dustin McDaniel, [14.07.18 00:35]
[In reply to S Aggarwal]
I believe any undistributed for the day would be retained daily
Ro$€, [14.07.18 00:35]
[In reply to Grimlock]
Agree, noone can say i am unhackable
Dustin McDaniel, [14.07.18 00:36]
[In reply to Jim Preissler]
Thank you
Paul Johnson -trade.io, [14.07.18 00:36]
[In reply to Ro$€]
There is no company in the universe that is "unhackable"
DeviLpaL ~ trade.io Moderator, [14.07.18 00:36]
Ro$€:
Which users will have profit from LP in the first 2 months? Only the first 1000? Any new formula to calculate
Jim Preissler, [14.07.18 00:36]
[In reply to Johnson]
if you look at the token economics of TIO, it is deisgned to be more like a berkshire hathaway than a high volume penny stock. The goal is to drive value, not volume. The more value we create, and with low float, this will be good for price
S Aggarwal, [14.07.18 00:37]
[In reply to Dustin McDaniel]
At the end what to do with it ...it will keep on accumulating .... Better to distribute
Jim Preissler, [14.07.18 00:37]
[In reply to Paul Johnson -trade.io]
We are not skimping in any areas or security, it is a high priority
S Aggarwal, [14.07.18 00:38]
[In reply to S Aggarwal]
I think jim should clarify on this
Ray Zhang, [14.07.18 00:38]
Any news about the license?
Ro$€, [14.07.18 00:38]
[In reply to Grimlock]
I would like to ask what the solution if that ever happens. For sure, i dont want it :) but i want to know
S Aggarwal, [14.07.18 00:38]
Do we have any security feature like bnt had to freeze [email protected]
Jim Preissler, [14.07.18 00:39]
[In reply to S Aggarwal]
what was the orig Q again :)
Hiro S, [14.07.18 00:39]
[In reply to Jim Preissler]
I definitely like that. ;)
S Aggarwal, [14.07.18 00:40]
[In reply to Jim Preissler]
The question is that... What will happen to the undistributed profit due to people having less than 100% profit share in lp??
S Aggarwal, [14.07.18 00:40]
[In reply to S Aggarwal]
@Guitarplyr
Dustin McDaniel, [14.07.18 00:40]
[In reply to Jim Preissler]
concerning undistributed LP profits, they do not roll over, correct? Retained daily by the company?
Soroush, [14.07.18 00:41]
Talking about licenses, Jim, can you tell us which one is your top priority? US, Swiss, FX?
Hiro S, [14.07.18 00:41]
[In reply to Jim Preissler]
I simpatize with this “insurance” would be also a nice promo tool on top of all top security measures and if security play its roles it will be an asset that company will have anyway.
Jim Preissler, [14.07.18 00:41]
[In reply to Ro$€]
We will xplore insurance and other things, but same ans for all of crypto, there is nothing like FDIC yet
Dustin McDaniel, [14.07.18 00:41]
[In reply to Dustin McDaniel]
Or put into seperate fund, to provide insurance, buy back and burn programs, etc... :)
Jim Preissler, [14.07.18 00:42]
[In reply to S Aggarwal]
cover down days is the main use
Jim Preissler, [14.07.18 00:42]
[In reply to Dustin McDaniel]
those can all be considered
Jim Preissler, [14.07.18 00:43]
[In reply to Soroush]
scroll up a bit
S Aggarwal, [14.07.18 00:43]
[In reply to Dustin McDaniel]
This will be nice i think first to set aside 10%profit for buy and burn Tio and to distribute 50-50 (i.e. 45% of total ) to mgt and lp
S Aggarwal, [14.07.18 00:43]
@JimPreissler
Dustin McDaniel, [14.07.18 00:43]
[In reply to Jim Preissler]
Its why I love this company, project, and vision so much
Ro$€, [14.07.18 00:43]
[In reply to Soroush]
U r bit late buddy
Hiro S, [14.07.18 00:45]
[In reply to Hiro S]
@JimPreissler can u comment on this pls. I think if LP is able to share good profits on first days that would be good marketing and this may possible because of accumulated revenues.
samy101, [14.07.18 00:45]
This is promising and time to buy more Tio’s.
Jim Preissler, [14.07.18 00:45]
[In reply to S Aggarwal]
too early to be planning or discussing buybacks at this point, most don't fully understand the long term ramifications of this anyway. Most crypto doing this haven't thought it all the way through, but that is discussion for another day
Den, [14.07.18 00:46]
Hello guys, hi Jim! Got a question about negative days for LP. I don't really understand how it can be, exchange should stop trading and other revenue streams should be off for that day?
Oliver, [14.07.18 00:46]
Are you guys familiar with Ian Balina? He was hinting to an exchange partnership in his last video. The company will sponsor his world tour and meetup. It is not binance so I was hoping it could be TIO haha
Oliver, [14.07.18 00:46]
*that's for Jim or BD
Johnson, [14.07.18 00:46]
Jim, regarding trading TIO on competitors exchange. Are there plan to get TIO de-listed from other centralized exchange? This is necessary to avoid price manipulation. Also, is it possible that these exchange refuse to de-list TIO when you request?
Ro$€, [14.07.18 00:47]
[In reply to Johnson]
Thats answered, up buddy
Jim Preissler, [14.07.18 00:47]
[In reply to Den]
There is risk making markets and providing liquidity
Jim Preissler, [14.07.18 00:48]
[In reply to Johnson]
They could refuse
S Aggarwal, [14.07.18 00:48]
[In reply to Oliver]
+1
S Aggarwal, [14.07.18 00:49]
@JimPreissler is that exchange he is saying TIO
Hugo Cruz, [14.07.18 00:49]
What r the rewards for someone the buys TIO now before launch of exchange?
S Aggarwal, [14.07.18 00:49]
[In reply to Hugo Cruz]
Capital gains
Scarlet ~ trade.io Admin, [14.07.18 00:49]
[In reply to Hugo Cruz]
Capital appreciation.
S Aggarwal, [14.07.18 00:49]
[In reply to Scarlet ~ trade.io Admin]
U are late
S Aggarwal, [14.07.18 00:49]
Haha
Scarlet ~ trade.io Admin, [14.07.18 00:50]
I know..
Hugo Cruz, [14.07.18 00:50]
[In reply to S Aggarwal]
Thats wut they said when bitcoin was 20k.
Ro$€, [14.07.18 00:50]
[In reply to DeviLpaL ~ trade.io Moderator]
One more time Jim :) Q still
Scarlet ~ trade.io Admin, [14.07.18 00:51]
[In reply to Hugo Cruz]
30 cents vs 20k, c'mon man.
Jim Preissler, [14.07.18 00:51]
[In reply to Oliver]
I am going to find that Bitconnect guy! BITTTCOONNNEECTTT!
S Aggarwal, [14.07.18 00:51]
[In reply to Johnson]
@JimPreissler please answer this
Oliver, [14.07.18 00:51]
[In reply to Jim Preissler]
hahahaha
Jim Preissler, [14.07.18 00:51]
[In reply to Ro$€]
We are only limiting to 1000 until customer service, and any other issues are under control
Leo Elias, [14.07.18 00:52]
[In reply to Jim Preissler]
[ ?? Sticker ]
Dmitry K, [14.07.18 00:52]
[In reply to Jim Preissler]
[ GIF ]
Dustin McDaniel, [14.07.18 00:52]
Are MEW or other wallets going to be integrated in such a way as to make it possible to be able to participate in the LP without having them on the exchange? If this is actually possible that is. Will Private Keys be made available to the holders of the wallets in trade.io?
Dustin McDaniel, [14.07.18 00:52]
[In reply to Jim Preissler]
??????
Oliver, [14.07.18 00:52]
[ GIF ]
Jim Preissler, [14.07.18 00:53]
[In reply to Johnson]
yes, we will try to pull down elsewhere. no guarantees they will do it though
S Aggarwal, [14.07.18 00:53]
[In reply to Dustin McDaniel]
It will make no sense for company. To share profit withour using assets
Ro$€, [14.07.18 00:53]
[In reply to Jim Preissler]
That was cleared up, but how to distribute the LP profits from Ico, which custumers? Or we need the formular till LP launched?
Dustin McDaniel, [14.07.18 00:54]
[In reply to S Aggarwal]
Asking mainly for other community members who are looking for answers from managment
S Aggarwal, [14.07.18 00:54]
[In reply to Dustin McDaniel]
Np
Jim Preissler, [14.07.18 00:55]
[In reply to Dustin McDaniel]
yeah, also not sure on security on that as well. May be part of hybrid DEX solution
Jim Preissler, [14.07.18 00:56]
[In reply to S Aggarwal]
And transaction fees would be high, since every transaction would be recorded on BC, cant really use ledger. Not ideal overall
Dustin McDaniel, [14.07.18 00:56]
Couple more questions from community members...
Are there any updates on the Angel Investors Program?
What roles do Kosmos, Plutus VC and Blockway Capital play in the Angels Investors Program?
Dustin McDaniel, [14.07.18 00:56]
[In reply to Jim Preissler]
Thank you for those answers
Jim Preissler, [14.07.18 00:57]
[In reply to Dustin McDaniel]
We are sending them deals to look at where they know we already did KYC, took a first pass, etc. They are also bring us deals to look at as well
Jim Preissler, [14.07.18 00:58]
couple more minutes, then going to lunch!
S Aggarwal, [14.07.18 00:58]
Will Tio place there own buy and sell orders toaintain liquidity??
Grimlock, [14.07.18 00:58]
[In reply to Jim Preissler]
one last question from me,
Grimlock, [14.07.18 00:58]
are you confident that we are all going to the moon?
Grimlock, [14.07.18 00:59]
??
Dustin McDaniel, [14.07.18 00:59]
[In reply to Grimlock]
??????
Satish, [14.07.18 00:59]
????????
S Aggarwal, [14.07.18 00:59]
[In reply to S Aggarwal]
@JimPreissler
Jim Preissler, [14.07.18 00:59]
[In reply to Grimlock]
how much trading are you going to do :)
Hiro S, [14.07.18 01:00]
[In reply to Hiro S]
@JimPreissler can comment on that pls, thank you.
Soroush, [14.07.18 01:00]
Jim, will we have any kind of voting system for new coin listings?
Can you tell us anything about your plans on how new listings will be done? Would TIO owners have any privileges over others?
Jim Preissler, [14.07.18 01:00]
[In reply to S Aggarwal]
We will keep risk low initially, but over time us and outside (insitutional) providers will be doing this
Grimlock, [14.07.18 01:00]
[In reply to Jim Preissler]
am just going to hold. buckle up and sit tight. is that alright with you?
S Aggarwal, [14.07.18 01:00]
[In reply to Jim Preissler]
Very less ... As i am all in in TIO and now dont have any penny to trade
Jim Preissler, [14.07.18 01:01]
[In reply to Hiro S]
You mean operations??? No that is covered from our 50%
Dustin McDaniel, [14.07.18 01:01]
Any fear that the initial 1000 will be doing no trading since they are loyal TIO holders, and all-in already? ??????
S Aggarwal, [14.07.18 01:02]
[In reply to Dustin McDaniel]
Yes????
S Aggarwal, [14.07.18 01:02]
[In reply to S Aggarwal]
.
Hiro S, [14.07.18 01:02]
[In reply to Jim Preissler]
ok, it is clearer now. thank you.
Jim Preissler, [14.07.18 01:02]
[In reply to Dustin McDaniel]
then we add more
Leo Elias, [14.07.18 01:03]
Uscitizen when ?
Jim Preissler, [14.07.18 01:03]
[In reply to Hiro S]
An "expenese" would be an affiliate commission or something like that, not operations
Jim Preissler, [14.07.18 01:04]
[In reply to Soroush]
we are not looking to limit coins by any means, just need a controlled process to roll them out
Hiro S, [14.07.18 01:04]
[In reply to Jim Preissler]
understand even better now. :)
S Aggarwal, [14.07.18 01:04]
[In reply to Jim Preissler]
Good... So approx how many coins before lp launch??
Jim Preissler, [14.07.18 01:04]
[In reply to Leo Elias]
hopefully soon, been talking to FINRA and SEC
Jim Preissler, [14.07.18 01:05]
[In reply to S Aggarwal]
We will get to EOS and XRP pretty soon :)
S Aggarwal, [14.07.18 01:05]
Haha
S Aggarwal, [14.07.18 01:06]
[In reply to Jim Preissler]
I want others too as have economic interest via lp
Jali, [14.07.18 01:06]
[Forwarded from .]
Ok Tnx
Got it
Leo Elias, [14.07.18 01:06]
[In reply to Jim Preissler]
[ ?? Sticker ]
Dustin McDaniel, [14.07.18 01:06]
[In reply to Jim Preissler]
????
Johnson, [14.07.18 01:07]
I Missed response on licenses, can someone please repost?
S Aggarwal, [14.07.18 01:07]
[In reply to S Aggarwal]
@JimPreissler any estimate
Ro$€, [14.07.18 01:08]
Any plan that we can store Tio in hardware wallet like Ledge Nano?
Jim Preissler, [14.07.18 01:08]
[In reply to S Aggarwal]
ERC20 - we are looking at rolling out maybe 200 as soon as possible, but priority is on listing clients and ICO clients
Dustin McDaniel, [14.07.18 01:08]
[In reply to Johnson]
Working on HK, Singapore, Switzerland, Malta right now as the bigger ones. Smaller ones as well. We are meeting with regulators in the US as well
S Aggarwal, [14.07.18 01:08]
[In reply to Jim Preissler]
K
Jim Preissler, [14.07.18 01:08]
[In reply to S Aggarwal]
And for you, EOS and XRP
S Aggarwal, [14.07.18 01:09]
[In reply to Jim Preissler]
Thanks
trade.io, [14.07.18 01:09]
[In reply to Johnson]
I'll PM you
Soroush, [14.07.18 01:09]
[In reply to Jim Preissler]
Consider Tezos too plz, right now they only have two low-key exchanges available with high fees
Jim Preissler, [14.07.18 01:09]
[In reply to Soroush]
sure
Jim Preissler, [14.07.18 01:09]
Maybe they can pay us to list them :)
Jack, [14.07.18 01:10]
hi Jim, which kind of wallet we are using after exchange go live?
Jim Preissler, [14.07.18 01:10]
OK, I have a hot lunch date with my 5 year old. I will be back on here in a bit. Thanks everyone!!!
Jack, [14.07.18 01:10]
cos Blossom is under development
Hiro S, [14.07.18 01:11]
Thank you Jim, very quality AMA!
trade.io, [14.07.18 01:11]
Thanks Jim!
S Aggarwal, [14.07.18 01:11]
Thanks jim for ama @JimPreissler
Johnson, [14.07.18 01:11]
Thanks Jim! Enjoy your lunch
Ro$€, [14.07.18 01:12]
Thank you
Grimlock, [14.07.18 01:12]
ok guys, AMA is over. Time to load up your TIO bags and check in!
Jack, [14.07.18 01:12]
[In reply to Jack]
hi @Trade_IO, could you answer this?
trade.io, [14.07.18 01:13]
For your Q's please drop Admins a PM. We will collect your Q's and forward it to Jim. The AMA with Jim will also be uploaded on our Reddit page. Thank you!
???, [14.07.18 01:13]
Jim,I strongly recommend that you develop app!!
Paul Johnson -trade.io, [14.07.18 01:13]
Thanks Jim, Admin, and of course the TIOnauts...great dialogue as usual

submitted by Scarlet_TIO to u/Scarlet_TIO [link] [comments]

DGX and the Synergy Prophecy

Well - I missed the 1stBlood crowdsale today since my friend was getting married. Whoops. But then it got me thinking...all of these technologies are creating an incredible opportunity for a stable coin to become integrated into them.
1) To be successful these applications NEED (ok it would help at least) a stable token of value to transact with and push the speculative focus into the relevant application logic and not let the currency of choice be a distraction.
2) IF DigixGlobal can deliver with their tech - DGX could be poised to become the defacto transaction standard within applications like Augur, Plutus, Firstblood, Golum...etc. This community desperately needs a true stable coin to anchor itself into. I think at this point a stable coin tying the gold bar to an Ethereum token is the best blend of past and future - melding the human desire to have something tangible and yet also have something transactable at the speed of the 21st century. Its like having your hand in two pots of honey at the same time. And being able to fling that honey all around the world at light speed.
3) DGX market cap is an interesting measure - since it IS a stable coin - it is not susceptible to large sell offs and crashes. If Satoshi sold off all his coins tomorrow then the price of BTC would tank. DGX is not susceptible to this. Market cap of DGX is a 1 to 1 mapping between token and physical supply and it should be highly accurate when measured. Sell offs like this should not change the price of DGX whatsoever. This is a very interesting property. Market means MARKET CAP. There is not actually 10 billion dollars of bitcoin in the world right now. Not even close. This will not be the case with DGX.
4) I truly believe that DGX is going to be a huge success and it will be nice to see a link between the physical world and the crypto economy headed by such a professional organization that seems to have the best ideals of blockchain technology in mind. The fact that the DevCon2 speech from Digix was related to security speaks volumes.
Full Disclosure: I have a large percentage of my holdings in DGD.
submitted by e711 to ethereum [link] [comments]

BITCOIN WILL PUMP HERE!! Best Altcoin to buy RIGHT NOW! Stock Market & Crypto, News & Analysis My 2020 Bitcoin Price Prediction 🚀 - YouTube The Most Realistic Bitcoin Price Prediction for October ... Bitcoin Price Prediction 2020 - YouTube Cardano's IOHK Plutus eBook; Record Bitcoin Computing Power; $17000 Bitcoin; Litecoin Reward Halved

Pluton (PLU) Price for today is $11.37, for the last 24-hours 1,492 PLU's were exchanged with a trade volume of $16,957. It's currently traded on 2 exchange(s) and has 3 active market(s), the top two exchange pairs are bitcoin & ethereum. The price is up by (20.40%) for the last 24 hours. It has a circulating supply of 850 thousand coins and ... The Plutus Account and Visa Card is issued by Contis Financial Services Ltd who is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (Firm Reference Number: 900025) to issue e-money and is a member of Visa. The Plutus price is currently $ 13.33 with a 24-hour trading volume of $ 8,464.72 across 7 exchanges. The PLU price is up 7.46% in the last 24 hours. Plutus reached its highest price on January 5, 2018, when it was trading at its all-time high of $ 34.09. It has a circulating supply of 852,000 PLU. Description Statistics. The Plutus price is currently $ 0.112212 with a 24-hour trading volume of $ 2.62M across 8 exchanges. The PLT price is down -7.54% in the last 24 hours. Plutus reached its highest price on July 27, 2020, when it was trading at its all-time high of $ 0.518020.. Description Add.xyz price today is $0.04429980 with a 24-hour trading volume of $862,405. PLT price is up 0.4% in the last 24 hours. It has a circulating supply of 31 Million coins and a max supply of 120 Million coins. Uniswap (v2) is the current most active market trading it.

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BITCOIN WILL PUMP HERE!! Best Altcoin to buy RIGHT NOW! Stock Market & Crypto, News & Analysis

CAN BITCOIN PUMP TO $12k?! Best Altcoin to buy RIGHT NOW! Today i discuss Stock Market News, Crypto News, as well as conducting some BTC Bitcoin Price Analysis, Eth Price Analysis, DOWJ Price ... Bitcoin price drops 15% in a matter of minutes. What does this mean for bitcoin bulls? Is btc even bullish anymore? Here is what you can look out for on the bitcoin charts. BITCOIN HIT $10,000! BUT WARNING IT COULD DUMP! Amazon now accepting BITCOIN!! China are buying Ethereum 2.0 and i go over my altcoin portfolio in todays video! Today we look at the crypto news ... In this week's episode of Crypto Over Coffee, we are unpacking a really interesting stock-to-flow model to evaluate bitcoin price, the new Goguen updates to Cardano, staking in Ethereum 2.0, the ... This video is unavailable. Watch Queue Queue

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