Ethereum Price Analysis – ETH in a Tough Spot Against BTC

NVidia – Know What You Own

How many people really understand what they’re buying, especially when it comes to highly specialized hardware companies? Most NVidia investors seem to be relying on a vague idea of how the company should thrive “in the future”, as their GPUs are ostensibly used for Artificial Intelligence, Cloud, holograms, etc. Having been shocked by how this company is represented in the media, I decided to lay out how this business works, doing my part to fight for reality. With what’s been going on in markets, I don’t like my chances but here goes:
Let’s start with…
How does NVDA make money?
NVDA is in the business of semiconductor design. As a simplified image in your head, you can imagine this as designing very detailed and elaborate posters. Their engineers create circuit patterns for printing onto semiconductor wafers. NVDA then pays a semiconductor foundry (the printer – generally TSMC) to create chips with those patterns on them.
Simply put, NVDA’s profits represent the difference between the price at which they can sell those chips, less the cost of printing, and less the cost of paying their engineers to design them.
Notably, after the foundry prints the chips, NVDA also has to pay (I say pay, but really it is more like “sell at a discount to”) their “add-in board” (AIB) partners to stick the chips onto printed circuit boards (what you might imagine as green things with a bunch of capacitors on them). That leads to the final form in which buyers experience the GPU.
What is a GPU?
NVDA designs chips called GPUs (Graphical Processing Units). Initially, GPUs were used for the rapid processing and creation of images, but their use cases have expanded over time. You may be familiar with the CPU (Central Processing Unit). CPUs sit at the core of a computer system, doing most of the calculation, taking orders from the operating system (e.g. Windows, Linux), etc. AMD and Intel make CPUs. GPUs assist the CPU with certain tasks. You can think of the CPU as having a few giant very powerful engines. The GPU has a lot of small much less powerful engines. Sometimes you have to do a lot of really simple tasks that don’t require powerful engines to complete. Here, the act of engaging the powerful engines is a waste of time, as you end up spending most of your time revving them up and revving them down. In that scenario, it helps the CPU to hand that task over to the GPU in order to “accelerate” the completion of the task. The GPU only revs up a small engine for each task, and is able to rev up all the small engines simultaneously to knock out a large number of these simple tasks at the same time. Remember the GPU has lots of engines. The GPU also has an edge in interfacing a lot with memory but let’s not get too technical.
Who uses NVDA’s GPUs?
There are two main broad end markets for NVDA’s GPUs – Gaming and Professional. Let’s dig into each one:
The Gaming Market:
A Bit of Ancient History (Skip if impatient)
GPUs were first heavily used for gaming in arcades. They then made their way to consoles, and finally PCs. NVDA started out in the PC phase of GPU gaming usage. They weren’t the first company in the space, but they made several good moves that ultimately led to a very strong market position. Firstly, they focused on selling into OEMs – guys like the equivalent of today’s DELL/HP/Lenovo – , which allowed a small company to get access to a big market without having to create a lot of relationships. Secondly, they focused on the design aspect of the GPU, and relied on their Asian supply chain to print the chip, to package the chip and to install in on a printed circuit board – the Asian supply chain ended up being the best in semis. But the insight that really let NVDA dominate was noticing that some GPU manufacturers were focusing on keeping hardware-accelerated Transform and Lighting as a Professional GPU feature. As a start-up, with no professional GPU business to disrupt, NVidia decided their best ticket into the big leagues was blowing up the market by including this professional grade feature into their gaming product. It worked – and this was a real masterstroke – the visual and performance improvements were extraordinary. 3DFX, the initial leader in PC gaming GPUs, was vanquished, and importantly it happened when funding markets shut down with the tech bubble bursting and after 3DFX made some large ill-advised acquisitions. Consequently 3DFX, went from hero to zero, and NVDA bought them for a pittance out of bankruptcy, acquiring the best IP portfolio in the industry.
Some more Modern History
This is what NVDA’s pure gaming card revenue looks like over time – NVDA only really broke these out in 2005 (note by pure, this means ex-Tegra revenues):
📷 https://hyperinflation2020.tumblr.com/private/618394577731223552/tumblr_Ikb8g9Cu9sxh2ERno
So what is the history here? Well, back in the late 90s when GPUs were first invented, they were required to play any 3D game. As discussed in the early history above, NVDA landed a hit product to start with early and got a strong burst of growth: revenues of 160M in 1998 went to 1900M in 2002. But then NVDA ran into strong competition from ATI (later purchased and currently owned by AMD). While NVDA’s sales struggled to stay flat from 2002 to 2004, ATI’s doubled from 1Bn to 2Bn. NVDA’s next major win came in 2006, with the 8000 series. ATI was late with a competing product, and NVDA’s sales skyrocketed – as can be seen in the graph above. With ATI being acquired by AMD they were unfocused for some time, and NVDA was able to keep their lead for an extended period. Sales slowed in 2008/2009 but that was due to the GFC – people don’t buy expensive GPU hardware in recessions.
And then we got to 2010 and the tide changed. Growth in desktop PCs ended. Here is a chart from Statista:
📷https://hyperinflation2020.tumblr.com/private/618394674172919808/tumblr_OgCnNwTyqhMhAE9r9
This resulted in two negative secular trends for Nvidia. Firstly, with the decline in popularity of desktop PCs, growth in gaming GPUs faded as well (below is a chart from Jon Peddie). Note that NVDA sells discrete GPUs, aka DT (Desktop) Discrete. Integrated GPUs are mainly made by Intel (these sit on the motherboard or with the CPU).
📷 https://hyperinflation2020.tumblr.com/private/618394688079200256/tumblr_rTtKwOlHPIVUj8e7h
You can see from the chart above that discrete desktop GPU sales are fading faster than integrated GPU sales. This is the other secular trend hurting NVDA’s gaming business. Integrated GPUs are getting better and better, taking over a wider range of tasks that were previously the domain of the discrete GPU. Surprisingly, the most popular eSports game of recent times – Fortnite – only requires Intel HD 4000 graphics – an Integrated GPU from 2012!
So at this point you might go back to NVDA’s gaming sales, and ask the question: What happened in 2015? How is NVDA overcoming these secular trends?
The answer consists of a few parts.Firstly, AMD dropped the ball in 2015. As you can see in this chart, sourced from 3DCenter, AMD market share was halved in 2015, due to a particularly poor product line-up:
📷 https://hyperinflation2020.tumblr.com/private/618394753459994624/tumblr_J7vRw9y0QxMlfm6Xd
Following this, NVDA came out with Pascal in 2016 – a very powerful offering in the mid to high end part of the GPU market. At the same time, AMD was focusing on rebuilding and had no compelling mid or high end offerings. AMD mainly focused on maintaining scale in the very low end. Following that came 2017 and 2018: AMD’s offering was still very poor at the time, but cryptomining drove demand for GPUs to new levels, and AMD’s GPUs were more compelling from a price-performance standpoint for crypto mining initially, perversely leading to AMD gaining share. NVDA quickly remedied that by improving their drivers to better mine crypto, regaining their relative positioning, and profiting in a big way from the crypto boom. Supply that was calibrated to meet gaming demand collided with cryptomining demand and Average Selling Prices of GPUs shot through the roof. Cryptominers bought top of the line GPUs aggressively.
A good way to see changes in crypto demand for GPUs is the mining profitability of Ethereum:
📷 https://hyperinflation2020.tumblr.com/private/618394769378443264/tumblr_cmBtR9gm8T2NI9jmQ
This leads us to where we are today. 2019 saw gaming revenues drop for NVDA. Where are they likely to head?
The secular trends of falling desktop sales along with falling discrete GPU sales have reasserted themselves, as per the Jon Peddie research above. Cryptomining profitability has collapsed.
AMD has come out with a new architecture, NAVI, and the 5700XT – the first Iteration, competes effectively with NVDA in the mid-high end space on a price/performance basis. This is the first real competition from AMD since 2014.
NVDA can see all these trends, and they tried to respond. Firstly, with volumes clearly declining, and likely with a glut of second-hand GPUs that can make their way to gamers over time from the crypto space, NVDA decided to pursue a price over volume strategy. They released their most expensive set of GPUs by far in the latest Turing series. They added a new feature, Ray Tracing, by leveraging the Tensor Cores they had created for Professional uses, hoping to use that as justification for higher prices (more on this in the section on Professional GPUs). Unfortunately for NVDA, gamers have responded quite poorly to Ray Tracing – it caused performance issues, had poor support, poor adoption, and the visual improvements in most cases are not particularly noticeable or relevant.
The last recession led to gaming revenues falling 30%, despite NVDA being in a very strong position at the time vis-à-vis AMD – this time around their position is quickly slipping and it appears that the recession is going to be bigger. Additionally, the shift away from discrete GPUs in gaming continues.
To make matters worse for NVDA, AMD won the slots in both the New Xbox and the New PlayStation, coming out later this year. The performance of just the AMD GPU in those consoles looks to be competitive with NVidia products that currently retail for more than the entire console is likely to cost. Consider that usually you have to pair that NVidia GPU with a bunch of other expensive hardware. The pricing and margin impact of this console cycle on NVDA is likely to be very substantially negative.
It would be prudent to assume a greater than 30% fall in gaming revenues from the very elevated 2019 levels, with likely secular decline to follow.
The Professional Market:
A Bit of Ancient History (again, skip if impatient)
As it turns out, graphical accelerators were first used in the Professional market, long before they were employed for Gaming purposes. The big leader in the space was a company called Silicon Graphics, who sold workstations with custom silicon optimised for graphical processing. Their sales were only $25Mn in 1985, but by 1997 they were doing 3.6Bn in revenue – truly exponential growth. Unfortunately for them, from that point on, discrete GPUs took over, and their highly engineered, customised workstations looked exorbitantly expensive in comparison. Sales sank to 500mn by 2006 and, with no profits in sight, they ended up filing for bankruptcy in 2009. Competition is harsh in the semiconductor industry.
Initially, the Professional market centred on visualisation and design, but it has changed over time. There were a lot of players and lot of nuance, but I am going to focus on more recent times, as they are more relevant to NVidia.
Some More Modern History
NVDA’s Professional business started after its gaming business, but we don’t have revenue disclosures that show exactly when it became relevant. This is what we do have – going back to 2005:
📷 https://hyperinflation2020.tumblr.com/private/618394785029472256/tumblr_fEcYAzdstyh6tqIsI
In the beginning, Professional revenues were focused on the 3D visualisation end of the spectrum, with initial sales going into workstations that were edging out the customised builds made by Silicon Graphics. Fairly quickly, however, GPUs added more and more functionality and started to turn into general parallel data processors rather than being solely optimised towards graphical processing.
As this change took place, people in scientific computing noticed, and started using GPUs to accelerate scientific workloads that involve very parallel computation, such as matrix manipulation. This started at the workstation level, but by 2007 NVDA decided to make a new line-up of Tesla series cards specifically suited to scientific computing. The professional segment now have several points of focus:
  1. GPUs used in workstations for things such as CAD graphical processing (Quadro Line)
  2. GPUs used in workstations for computational workloads such as running engineering simulations (Quadro Line)
  3. GPUs used in workstations for machine learning applications (Quadro line.. but can use gaming cards as well for this)
  4. GPUs used by enterprise customers for high performance computing (such as modelling oil wells) (Tesla Line)
  5. GPUs used by enterprise customers for machine learning projects (Tesla Line)
  6. GPUs used by hyperscalers (mostly for machine learning projects) (Tesla Line)
In more recent times, given the expansion of the Tesla line, NVDA has broken up reporting into Professional Visualisation (Quadro Line) and Datacenter (Tesla Line). Here are the revenue splits since that reporting started:
📷 https://hyperinflation2020.tumblr.com/private/618394798232158208/tumblr_3AdufrCWUFwLgyQw2
📷 https://hyperinflation2020.tumblr.com/private/618394810632601600/tumblr_2jmajktuc0T78Juw7
It is worth stopping here and thinking about the huge increase in sales delivered by the Tesla line. The reason for this huge boom is the sudden increase in interest in numerical techniques for machine learning. Let’s go on a brief detour here to understand what machine learning is, because a lot of people want to hype it but not many want to tell you what it actually is. I have the misfortune of being very familiar with the industry, which prevented me from buying into the hype. Oops – sometimes it really sucks being educated.
What is Machine Learning?
At a very high level, machine learning is all about trying to get some sort of insight out of data. Most of the core techniques used in machine learning were developed a long time ago, in the 1950s and 1960s. The most common machine learning technique, which most people have heard of and may be vaguely familiar with, is called regression analysis. Regression analysis involves fitting a line through a bunch of datapoints. The most common type of regression analysis is called “Ordinary Least Squares” OLS regression, and that type of regression has a “closed form” solution, which means that there is a very simple calculation you can do to fit an OLS regression line to data.
As it happens, fitting a line through points is not only easy to do, it also tends to be the main machine learning technique that people want to use, because it is very intuitive. You can make good sense of what the data is telling you and can understand the machine learning model you are using. Obviously, regression analysis doesn’t require a GPU!
However, there is another consideration in machine learning: if you want to use a regression model, you still need a human to select the data that you want to fit the line through. Also, sometimes the relationship doesn’t look like a line, but rather it might look like a curve. In this case, you need a human to “transform” the data before you fit a line through it in order to make the relationship linear.
So people had another idea here: what if instead of getting a person to select the right data to analyse, and the right model to apply, you could just get a computer to do that? Of course the problem with that is that computers are really stupid. They have no preconceived notion of what data to use or what relationship would make sense, so what they do is TRY EVERYTHING! And everything involves trying a hell of a lot of stuff. And trying a hell of a lot of stuff, most of which is useless garbage, involves a huge amount of computation. People tried this for a while through to the 1980s, decided it was useless, and dropped it… until recently.
What changed? Well we have more data now, and we have a lot more computing power, so we figured lets have another go at it. As it happens, the premier technique for trying a hell of a lot of stuff (99.999% of which is garbage you throw away) is called “Deep Learning”. Deep learning is SUPER computationally intensive, and that computation happens to involve a lot of matrix multiplication. And guess what just happens to have been doing a lot of matrix multiplication? GPUs!
Here is a chart that, for obvious reasons, lines up extremely well with the boom in Tesla GPU sales:
📷 https://hyperinflation2020.tumblr.com/private/618394825774989312/tumblr_IZ3ayFDB0CsGdYVHW
Now we need to realise a few things here. Deep Learning is not some magic silver bullet. There are specific applications where it has proven very useful – primarily areas that have a very large number of very weak relationships between bits of data that sum up into strong relationships. An example of ones of those is Google Translate. On the other hand, in most analytical tasks, it is most useful to have an intuitive understanding of the data and to fit a simple and sensible model to it that is explainable. Deep learning models are not explainable in an intuitive manner. This is not only because they are complicated, but also because their scattershot technique of trying everything leaves a huge amount of garbage inside the model that cancels itself out when calculating the answer, but it is hard to see how it cancels itself out when stepping through it.
Given the quantum of hype on Deep learning and the space in general, many companies are using “Deep Learning”, “Machine Learning” and “AI” as marketing. Not many companies are actually generating significant amounts of tangible value from Deep Learning.
Back to the Competitive Picture
For the Tesla Segment
So NVDA happened to be in the right place at the right time to benefit from the Deep Learning hype. They happened to have a product ready to go and were able to charge a pretty penny for their product. But what happens as we proceed from here?
Firstly, it looks like the hype from Deep Learning has crested, which is not great from a future demand perspective. Not only that, but we really went from people having no GPUs, to people having GPUs. The next phase is people upgrading their old GPUs. It is much harder to sell an upgrade than to make the first sale.
Not only that, but GPUs are not the ideal manifestation of silicon for Deep Learning. NVDA themselves effectively admitted that with their latest iteration in the Datacentre, called Ampere. High Performance Computing, which was the initial use case for Tesla GPUs, was historically all about double precision floating point calculations (FP64). High precision calculations are required for simulations in aerospace/oil & gas/automotive.
NVDA basically sacrificed HPC and shifted further towards Deep Learning with Ampere, announced last Thursday. The FP64 performance of the A100 (the latest Ampere chip) increased a fairly pedestrian 24% from the V100, increasing from 7.8 to 9.7 TF. Not a surprise that NVDA lost El Capitan to AMD, given this shift away from a focus on HPC. Instead, NVDA jacked up their Tensor Cores (i.e. not the GPU cores) and focused very heavily on FP16 computation (a lot less precise than FP64). As it turns out, FP16 is precise enough for Deep Learning, and NVDA recognises that. The future industry standard is likely to be BFloat 16 – the format pioneered by Google, who lead in Deep Learning. Ampere now does 312 TF of BF16, which compares to the 420 TF of Google’s TPU V3 – Google’s Machine Learning specific processor. Not quite up to the 2018 board from Google, but getting better – if they cut out all of the Cuda cores and GPU functionality maybe they could get up to Google’s spec.
And indeed this is the problem for NVDA: when you make a GPU it has a large number of different use cases, and you provide a single product that meets all of these different use cases. That is a very hard thing to do, and explains why it has been difficult for competitors to muscle into the GPU space. On the other hand, when you are making a device that does one thing, such as deep learning, it is a much simpler thing to do. Google managed to do it with no GPU experience and is still ahead of NVDA. It is likely that Intel will be able to enter this space successfully, as they have widely signalled with the Xe.
There is of course the other large negative driver for Deep Learning, and that is the recession we are now in. Demand for GPU instances on Amazon has collapsed across the board, as evidenced by the fall in pricing. The below graph shows one example: this data is for renting out a single Tesla V100 GPU on AWS, which isthe typical thing to do in an early exploratory phase for a Deep Learning model:
📷 https://hyperinflation2020.tumblr.com/private/618396177958944768/tumblr_Q86inWdeCwgeakUvh
With Deep Learning not delivering near-term tangible results, it is the first thing being cut. On their most recent conference call, IBM noted weakness in their cognitive division (AI), and noted weaker sales of their power servers, which is the line that houses Enterprise GPU servers at IBM. Facebook cancelled their AI residencies for this year, and Google pushed theirs out. Even if NVDA can put in a good quarter due to their new product rollout (Ampere), the future is rapidly becoming a very stormy place.
For the Quadro segment
The Quadro segment has been a cash cow for a long time, generating dependable sales and solid margins. AMD just decided to rock the boat a bit. Sensing NVDA’s focus on Deep Learning, AMD seems to be focusing on HPC – the Radeon VII announced recently with a price point of $1899 takes aim at NVDAs most expensive Quadro, the GV100, priced at $8999. It does 6.5 TFLOPS of FP64 Double precision, whereas the GV100 does 7.4 – talk about shaking up a quiet segment.
Pulling things together
Let’s go back to what NVidia fundamentally does – paying their engineers to design chips, getting TSMC to print those chips, and getting board partners in Taiwan to turn them into the final product.
We have seen how a confluence of several pieces of extremely good fortune lined up to increase NVidia’s sales and profits tremendously: first on the Gaming side, weak competition from AMD until 2014, coupled with a great product in form of Pascal in 2016, followed by a huge crypto driven boom in 2017 and 2018, and on the Professional side, a sudden and unexpected increase in interest in Deep Learning driving Tesla demand from 2017-2019 sky high.
It is worth noting what these transient factors have done to margins. When unexpected good things happen to a chip company, sales go up a lot, but there are no costs associated with those sales. Strong demand means that you can sell each chip for a higher price, but no additional design work is required, and you still pay the printer, TSMC, the same amount of money. Consequently NVDA’s margins have gone up substantially: well above their 11.9% long term average to hit a peak of 33.2%, and more recently 26.5%:
📷 https://hyperinflation2020.tumblr.com/private/618396192166100992/tumblr_RiWaD0RLscq4midoP
The question is, what would be a sensible margin going forward? Obviously 33% operating margin would attract a wall of competition and get competed away, which is why they can only be temporary. However, NVidia has shifted to having a greater proportion of its sales coming from non-OEM, and has a greater proportion of its sales coming from Professional rather than gaming. As such, maybe one can be generous and say NVDA can earn an 18% average operating margin over the next cycle. We can sense check these margins, using Intel. Intel has a long term average EBIT margin of about 25%. Intel happens to actually print the chips as well, so they collect a bigger fraction of the final product that they sell. NVDA, since it only does the design aspect, can’t earn a higher EBIT margin than Intel on average over the long term.
Tesla sales have likely gone too far and will moderate from here – perhaps down to a still more than respectable $2bn per year. Gaming resumes the long-term slide in discrete GPUs, which will likely be replaced by integrated GPUs to a greater and greater extent over time. But let’s be generous and say it maintains $3.5 Bn Per year for the add in board, and let’s assume we keep getting $750mn odd of Nintendo Switch revenues(despite that product being past peak of cycle, with Nintendo themselves forecasting a sales decline). Let’s assume AMD struggles to make progress in Quadro, despite undercutting NVDA on price by 75%, with continued revenues at $1200. Add on the other 1.2Bn of Automotive, OEM and IP (I am not even counting the fact that car sales have collapsed and Automotive is likely to be down big), and we would end up with revenues of $8.65 Bn, at an average operating margin of 20% through the cycle that would have $1.75Bn of operating earnings power, and if I say that the recent Mellanox acquisition manages to earn enough to pay for all the interest on NVDAs debt, and I assume a tax rate of 15% we would have around $1.5Bn in Net income.
This company currently has a market capitalisation of $209 Bn. It blows my mind that it trades on 139x what I consider to be fairly generous earnings – earnings that NVidia never even got close to seeing before the confluence of good luck hit them. But what really stuns me is the fact that investors are actually willing to extrapolate this chain of unlikely and positive events into the future.
Shockingly, Intel has a market cap of 245Bn, only 40Bn more than NVDA, but Intel’s sales and profits are 7x higher. And while Intel is facing competition from AMD, it is much more likely to hold onto those sales and profits than NVDA is. These are absolutely stunning valuation disparities.
If I didn’t see NVDA’s price, and I started from first principles and tried to calculate a prudent price for the company I would have estimated a$1.5Bn normalised profit, maybe on a 20x multiple giving them the benefit of the doubt despite heading into a huge recession, and considering the fact that there is not much debt and the company is very well run. That would give you a market cap of $30Bn, and a share price of $49. And it is currently $339. Wow. Obviously I’m short here!
submitted by HyperInflation2020 to stocks [link] [comments]

According to Analyst Ethereum could face a short crash

Bitcoin's little brother Ethereum has been surprisingly stable in recent weeks. In the opinion of a crypto expert, however, this could soon be over.
Since the price slump in March caused by the corona panic, Ethereum has so far recovered well.
Although the cryptocurrency is still far from the 52-week high that it reached in July 2019, the cyber device is still on the up.
In the past few weeks, internet money has shown surprisingly little volatility and only fluctuated within very narrow ranges.

Chart technique indicates Ethereum price decline

However, crypto expert Edward Morra recently warned on Twitter that the sideways movement could soon be over.
Morra uses an Ethereum chart to explain this, which he believes shows the formation of a "Chuvashov fork". According to him, the Ethereum price could drop to around $ 175 if this fork broke and the Ethereum price fell below the $ 220 mark.
That would correspond to a slump of around 30 percent compared to the current price. For this reason, the Ethereum expert advises put options to minimize the risk. This is also recommended as these are currently very cheap.

Active Ethereum wallets at two-year high

But even if the Ethereum course could go downhill in the short term, the acceptance of cyberdevise seems to continue to increase.
As data from the blockchain analysis portal Glassnode, which are available from BTC Echo, show, the number of active Etherum wallets has only recently reached its highest level in two years.
It is also interesting to see that the number of active Ethereum addresses correlates less and less with the price of an Ethereum.
Glassnode data show that the number of active wallets has increased significantly since the beginning of the year, whereas the Ethereum price remained within narrow ranges.

More scalability is urgently needed

However, as BTC Echo points out, the upcoming Hard Fork Ethereum from the proof-of-work process to the proof-of-stake process could prove to be vital for the cyber device.
This is the only way to achieve the necessary scalability that would help Ethereum to remain relevant to the "decentralized financial system" (DeFi).
After all, there are already other cryptocurrencies that would rely on a mechanism without a miner from the start and would already be efficient enough to be used on the DeFi platform.
Cardano is a prime example of such a cyber device. Cardano has only recently seen a rapid upturn and is currently in seventh place in terms of market capitalization among e-currencies.
The future of Ethereum also depends on the extent to which the cryptocurrency continues to develop in order to keep up with the progress in the crypto market.
submitted by jakkkmotivator to thecryptobasic [link] [comments]

HEX: An OG Hodlers perspective

So, I have been following Bitcoin since the whitepaper and really started to make the crypto space my primary off work hours focus since the beginning of the great bull run of 2017. I follow everyone I find to be intelligent or provides access to intelligent people in the crypto space. I regularly watch/listen to content from Richard as well as many of the people he has been arguing with since the launch of HEX. With that out of the way here is how I view this project for other Maximalist(ishes) out there.
Let's start with the big controversy of the project, Richard. This is where most people get stuck on this project as he is a bit narcissistic and does assume everyone is like him in the sense that they only care about the biggest ROI possible. He is so far wrapped up in his own cleverness that he fails to see the deeper meaning people get from Bitcoin. He will openly insult the intelligence of those of us that view Bitcoin as the obvious choice for a vote of no confidence in the current financial system, to him that is just a silly dishonest narrative maximalists tell themselves. I increasingly have to turn off parts of his interviews. I am also going to write the rest of this under the assumption that Richard has %100 control of both the origin and flush addressees.
However, Richard is also a very intelligent person who, believe it or not, does actually derive satisfaction doing right by people. In some ways his ego is justified as many of his views are incredibly insightful and he is very honest with people about how he sees things. It's his inability to see where someone else is coming from, especially when he deems them too stupid to have opinion, that makes those gems come out tasting badly to most people. When he feels personally attacked (which he has no doubt felt a lot of with the scammer label recently), he personally attacks back which comes off even worse. The effect is kind of like serving someone a Wagyu steak on the lid from the garbage can out behind your house, then wondering why the person doesn't want to eat the steak.
But, He is %100 accurate in his assessment that he would have the SEC all over his ass if he promised or said anything about the planned use of the origin address or flush address funds. So yes, he has to leave people with the possibility that he could totally dump all that origin address ETH and HEX, then spend the rest of his life on a beach with scantily clad women bringing him fruity alcoholic beverages all day. But the other possibilities, the ones he actually can't talk about are that he uses those funds to increase the value, market, onboard more users, and get HEX listed on big exchanges. Once again, He can't say that because if he did, HEX could be considered a security and here comes the SEC.
If you can't tell by now, part of me has felt kind of kindred to Richard, as I have come off the same exact way to people in my career. It's hard to be way more intelligent on a subject than the people taking the other side, because you can't find a way to even point that out without coming off as completely arrogant and narcissistic. But, they will form an opinion regardless. So I am going to finish by giving you the cold hard analysis that Richard would give to HEX if it wasn't his baby.
If you HODL Bitcoin it would actually be a good idea to find the time to figure out how to claim your free coins and do it, because there is chance he could do right by the people supporting him and use those massive bags to add value to HEX. And, even if he were to exit scam the project, you have lost an hour or two figuring out how to use the signing function in Bitcoin and use a smart contract in Ethereum (activities which have intellectual value in and of themselves).
However, Using the AA to acquire HEX using ETH means you are a sucker, even if you do get rich doing it. Anyone who would part ways with a crypto of proven value for one being marketed with techniques used primarily by scammers should not be managing their own money. Yes, there may be a few exceptions for those paying close attention to the price on DEXs and the AA numbers then using that to guide their decision making, but overall it is a bad idea that is highly unlikely to pay off. And, while I do lean towards Richard having the best of intentions right now, he will always do what is best for Richard. So how is he going to feel about exit scamming after a year or 2 of everyone in the crypto space calling him a scammer?
For my part, I wish Richard well as he has provided me plenty of good information (and free HEX), in spite of what I disagree with him on, and I will hold off judgement of HEX until I see what he actually does with those massive bags.
submitted by RookXPY to HEXcrypto [link] [comments]

EMIREX EXCHANGE : THE NEW FINANCIAL ARCHITECTURE FOR SAFE, RELIABLE AND COMFORTABLE CRYPTOCURRENCY TRADING

The global market is undergoing continuous development, but some sectors related to the financial economy is still faced with challenges that pose as threat to it's growth. Introduction of blockchain and cryptocurrency established a means for assets to be digitized into tradable funds which can efficiently distribute capital to guarantee economy enhancement . Understanding the potential of blockchain gained the attention of several blockchain startups and companies. EMIREX is one of such companies leveraging the capabilities of blockchain technology to provide satisfactory solutions to assist people become more successful in their business transactions and ventures. The EMIREX companies chose to create a comfortable environment based on blockchain technology to enable people perform seamless cryptocurrency trading without requirements of centralized structures and third parties, enabling effective flow of money to businesses and projects. EMIREX companies was created in 2014, where it's headquarter is located in United Arab Emirates. UAE serve as a unique location for business and financial trading hub to support any business venture, providing access to Western and Eastern economy markets. EMIREX represents a new group of companies dedicated to present relevant opportunities for capital to reach business owners via blockchain technology.
EMIREX EXCHANGE PLATFORM
EMIREX idea of establishing a financial hub convenient for trading of cryptocurrencies involved developing a cryptocurrency exchange platform with advanced services and tools. The exchange platform is developed for investors, cryptocurrency enthusiasts and traders, to facilitate efficient and more secure digital assets trading. The challenges affecting the cryptocurrency exchange industry is immense but EMIREX designed their exchange platform with modern technologies and systems to function relatively without regulatory approvals, which eliminates chances of unwanted risks in trading of cryptocurrencies. The EMIREX exchange functions with optimal efficiency and quality to support market standards and requirements which increases the sophisticated services rendered by EMIREX. To support continual development of the cryptocurrency exchange industry, the EMIREX exchange will offer highly flexible, user-friendly interface and tools that is suitable to both amateur and expert traders.
WHY EMIREX EXCHANGE IS THE RIGHT ECOSYSTEM FOR CRYPTOCURRENCY TRADING
  1. SIMPLICITY IN OPERATIONS : Easier navigation and user-friendly interface represents a main feature of EMIREX exchange. It offers more convenience for trading activities, which eliminates difficulties in performing digital assets trading by end users.
  2. EXCELLENT MATCHING CORE : Several cryptocurrency exchanges lack the feature of a good trading engine which causes delay and lagging in processing of trading orders. EMIREX exchange is designed with mature trading engine to facilitate processing of immense orders in matters of seconds. The exchange engine is able of processing 1 million orders per second without delays, thus effective and favorable for cryptocurrency traders.
  3. SECURITY : The issue of security has become more rampant in the cryptocurrency sphere. Most cryptocurrency exchanges have been developed with poor security protocols and systems, which leads to loss of end users tradable funds to cyber hackers. Therefore, EMIREX have built the exchange platform with high tech security systems, wallets and mechanisms to safeguard and prevent users funds against activities of cyber criminals and phishing attempts.
  4. TRANSPARENCY : EMIREX intends to maintain constant communication with their clients by giving them information about updates and details, pertaining to development and sustainable growth of the platform, transactions, products and available services.
  5. LIQUIDITY : This represents main aspect of any digital assets trading platform. Liquidity determines how a tradable asset can be converted to other funds or fiat at ease without affecting the overall price of the asset in the market. This availablility of this feature in good amount maintains order book of an exchange. Therefore, EMIREX exchange will be a suitable ecosystem for trading of cryptocurrencies to fiat or other cryptocurrency assets because the team developed plans and strategies to maintain and provide more Liquidity to promote continuous cryptocurrency trading.
  6. CUSTOMER SERVICE : The EMIREX exchange is existing with qualified customer support personnels. EMIREX exchange customer support personnels are always available to respond to customers in need of assistance and inquiries, which maintains the integrity and reliability of the platform to end users.
BENEFICIAL SERVICES EXISTING INSIDE EMIREX EXCHANGE
  1. SOCIAL TRADING
    A trading feature incorporated into EMIREX exchange to allow amateur traders receive access to visible profiles and portfolio of experts traders within the platform. This feature ensures that successful trade history of professional traders are easily monitored and copied by non expert traders. Simplicity and professional adaptation is the basic description of this system, because retail traders can choose and copy trade methods practiced by professional traders rather than trading with their own inexperience. EMIREX ensures that amateur traders become comfortable, obtain experience trading skills set and gain more profit via this trading mechanism.
  2. DRAWING TOOL BAR
Trading tools in cryptocurrency exchanges provides traders insightful details about their trading activities. The availability of drawing tool bar enables EMIREX exchange users to obtain technical analysis and other trading helpful indicators to strengthen trades operation.
  1. EXPERT TRADING CHAT
This implemented feature enables professional traders to build a community of interaction to help share ideas about trading techniques, discuss about market conditions and so on. Existence of this chat provides essential detail about updates on development of the cryptocurrency market.
  1. MARGIN TRADING
Margin trading available inside the EMIREX exchange ecosystem. With this feature, users will tap into scalability benefits without limitations when trading. Incorporation of margin trading mechanisms enables traders to receive access to third party capital, enhance trading performance and much more. Margin cryptocurrency trading offers an improved type of trading which secures opportunity to receive more profits for end users.
EMIREX TOKEN INFORMATION
EMIREX aims to eliminate the problem associated with scaling through launch of the internal currency called EMIREX Token (EMRX). The EMRX token plays the role of being main fuel of EMIREX ecosystem, provides incentives to users and will attract investors, traders and business owners due to it's potential and qualities. The EMRX token is developed on Ethereum blockchain and complies to ERC20 standard. Total available supply is 500,000,000 tokens. The EMIREX exchange team intends to perform a token burn action periodically. This action will systematically reduce the total supply in circulation to 50 % of it's original amount, thus creates scarcity and increase value of EMRX token in the open market.
FINAL THOUGHT
From the above stated services and qualities, EMIREX exchange portrays unrivaled differences from trend of convectional cryptocurrency exchanges existing in the cryptocurrency exchange industry. The services and tools available to users are made to satisfy the requirements of modern cryptocurrency traders. EMIREX exchange coordination and management under experienced team members, will amass attention and support essential to supercede it's competitors and obtain more sustainable development in the blockchain space. Founders of EMIREX exchange have launched a referral program with $200,000 released to be allocated to participants. Anyone can participate in this program by registering on the EMIREX exchange platform. Then log in and copy your referral link. Share your referral link to your social media accounts to get more referred persons and recieve chance to be entitled to share in $200,000 reward.
Referral Link : https://emirex.com/referral?refid=ID6A0A00D781
Kindly use the links below to get more information :
Website: https://emirex.com
Whitepaper: https://drive.google.com/file/d/1O8fZfCoIKkrsJ6HPMCglbB2k-uY0bGa8/view?usp=sharing
Facebook: https://www.facebook.com/emirex.official/
Twitter: https://twitter.com/EMIREX_OFFICIAL
Instagram: https://www.instagram.com/emirex_official/
Telegram: https://t.me/emirex_official
Linkedin : https://www.linkedin.com/company/emirexgroup/?viewAsMember=true
Medium: https://medium.com/@EMIREX_OFFICIAL
My Bitcointalk Username : Johnson Knight
Bitcointalk Profile URL : https://bitcointalk.org/index.php?action=profile;u=2326370;sa=summary
EMIREX UID: ID6A0A00D781
submitted by Cryptosaurus94 to CryptoCluster [link] [comments]

EMIREX EXCHANGE : THE NEW FINANCIAL ARCHITECTURE FOR SAFE, RELIABLE AND COMFORTABLE CRYPTOCURRENCY TRADING

The global market is undergoing continuous development, but some sectors related to the financial economy is still faced with challenges that pose as threat to it's growth. Introduction of blockchain and cryptocurrency established a means for assets to be digitized into tradable funds which can efficiently distribute capital to guarantee economy enhancement . Understanding the potential of blockchain gained the attention of several blockchain startups and companies. EMIREX is one of such companies leveraging the capabilities of blockchain technology to provide satisfactory solutions to assist people become more successful in their business transactions and ventures. The EMIREX companies chose to create a comfortable environment based on blockchain technology to enable people perform seamless cryptocurrency trading without requirements of centralized structures and third parties, enabling effective flow of money to businesses and projects. EMIREX companies was created in 2014, where it's headquarter is located in United Arab Emirates. UAE serve as a unique location for business and financial trading hub to support any business venture, providing access to Western and Eastern economy markets. EMIREX represents a new group of companies dedicated to present relevant opportunities for capital to reach business owners via blockchain technology.
EMIREX EXCHANGE PLATFORM
EMIREX idea of establishing a financial hub convenient for trading of cryptocurrencies involved developing a cryptocurrency exchange platform with advanced services and tools. The exchange platform is developed for investors, cryptocurrency enthusiasts and traders, to facilitate efficient and more secure digital assets trading. The challenges affecting the cryptocurrency exchange industry is immense but EMIREX designed their exchange platform with modern technologies and systems to function relatively without regulatory approvals, which eliminates chances of unwanted risks in trading of cryptocurrencies. The EMIREX exchange functions with optimal efficiency and quality to support market standards and requirements which increases the sophisticated services rendered by EMIREX. To support continual development of the cryptocurrency exchange industry, the EMIREX exchange will offer highly flexible, user-friendly interface and tools that is suitable to both amateur and expert traders.
WHY EMIREX EXCHANGE IS THE RIGHT ECOSYSTEM FOR CRYPTOCURRENCY TRADING
  1. SIMPLICITY IN OPERATIONS : Easier navigation and user-friendly interface represents a main feature of EMIREX exchange. It offers more convenience for trading activities, which eliminates difficulties in performing digital assets trading by end users.
  2. EXCELLENT MATCHING CORE : Several cryptocurrency exchanges lack the feature of a good trading engine which causes delay and lagging in processing of trading orders. EMIREX exchange is designed with mature trading engine to facilitate processing of immense orders in matters of seconds. The exchange engine is able of processing 1 million orders per second without delays, thus effective and favorable for cryptocurrency traders.
  3. SECURITY : The issue of security has become more rampant in the cryptocurrency sphere. Most cryptocurrency exchanges have been developed with poor security protocols and systems, which leads to loss of end users tradable funds to cyber hackers. Therefore, EMIREX have built the exchange platform with high tech security systems, wallets and mechanisms to safeguard and prevent users funds against activities of cyber criminals and phishing attempts.
  4. TRANSPARENCY : EMIREX intends to maintain constant communication with their clients by giving them information about updates and details, pertaining to development and sustainable growth of the platform, transactions, products and available services.
  5. LIQUIDITY : This represents main aspect of any digital assets trading platform. Liquidity determines how a tradable asset can be converted to other funds or fiat at ease without affecting the overall price of the asset in the market. This availablility of this feature in good amount maintains order book of an exchange. Therefore, EMIREX exchange will be a suitable ecosystem for trading of cryptocurrencies to fiat or other cryptocurrency assets because the team developed plans and strategies to maintain and provide more Liquidity to promote continuous cryptocurrency trading.
  6. CUSTOMER SERVICE : The EMIREX exchange is existing with qualified customer support personnels. EMIREX exchange customer support personnels are always available to respond to customers in need of assistance and inquiries, which maintains the integrity and reliability of the platform to end users.
BENEFICIAL SERVICES EXISTING INSIDE EMIREX EXCHANGE
  1. SOCIAL TRADING
    A trading feature incorporated into EMIREX exchange to allow amateur traders receive access to visible profiles and portfolio of experts traders within the platform. This feature ensures that successful trade history of professional traders are easily monitored and copied by non expert traders. Simplicity and professional adaptation is the basic description of this system, because retail traders can choose and copy trade methods practiced by professional traders rather than trading with their own inexperience. EMIREX ensures that amateur traders become comfortable, obtain experience trading skills set and gain more profit via this trading mechanism.
  2. DRAWING TOOL BAR
Trading tools in cryptocurrency exchanges provides traders insightful details about their trading activities. The availability of drawing tool bar enables EMIREX exchange users to obtain technical analysis and other trading helpful indicators to strengthen trades operation.
  1. EXPERT TRADING CHAT
This implemented feature enables professional traders to build a community of interaction to help share ideas about trading techniques, discuss about market conditions and so on. Existence of this chat provides essential detail about updates on development of the cryptocurrency market.
  1. MARGIN TRADING
Margin trading available inside the EMIREX exchange ecosystem. With this feature, users will tap into scalability benefits without limitations when trading. Incorporation of margin trading mechanisms enables traders to receive access to third party capital, enhance trading performance and much more. Margin cryptocurrency trading offers an improved type of trading which secures opportunity to receive more profits for end users.
EMIREX TOKEN INFORMATION
EMIREX aims to eliminate the problem associated with scaling through launch of the internal currency called EMIREX Token (EMRX). The EMRX token plays the role of being main fuel of EMIREX ecosystem, provides incentives to users and will attract investors, traders and business owners due to it's potential and qualities. The EMRX token is developed on Ethereum blockchain and complies to ERC20 standard. Total available supply is 500,000,000 tokens. The EMIREX exchange team intends to perform a token burn action periodically. This action will systematically reduce the total supply in circulation to 50 % of it's original amount, thus creates scarcity and increase value of EMRX token in the open market.
FINAL THOUGHT
From the above stated services and qualities, EMIREX exchange portrays unrivaled differences from trend of convectional cryptocurrency exchanges existing in the cryptocurrency exchange industry. The services and tools available to users are made to satisfy the requirements of modern cryptocurrency traders. EMIREX exchange coordination and management under experienced team members, will amass attention and support essential to supercede it's competitors and obtain more sustainable development in the blockchain space. Founders of EMIREX exchange have launched a referral program with $200,000 released to be allocated to participants. Anyone can participate in this program by registering on the EMIREX exchange platform. Then log in and copy your referral link. Share your referral link to your social media accounts to get more referred persons and recieve chance to be entitled to share in $200,000 reward.
Referral Link : https://emirex.com/referral?refid=ID6A0A00D781
Kindly use the links below to get more information :
Website: https://emirex.com
Whitepaper: https://drive.google.com/file/d/1O8fZfCoIKkrsJ6HPMCglbB2k-uY0bGa8/view?usp=sharing
Facebook: https://www.facebook.com/emirex.official/
Twitter: https://twitter.com/EMIREX_OFFICIAL
Instagram: https://www.instagram.com/emirex_official/
Telegram: https://t.me/emirex_official
Linkedin : https://www.linkedin.com/company/emirexgroup/?viewAsMember=true
Medium: https://medium.com/@EMIREX_OFFICIAL
My Bitcointalk Username : Johnson Knight
Bitcointalk Profile URL : https://bitcointalk.org/index.php?action=profile;u=2326370;sa=summary
EMIREX UID: ID6A0A00D781
submitted by Cryptosaurus94 to FINPLE [link] [comments]

EMIREX EXCHANGE : THE NEW FINANCIAL ARCHITECTURE FOR SAFE, RELIABLE AND COMFORTABLE CRYPTOCURRENCY TRADING

The global market is undergoing continuous development, but some sectors related to the financial economy is still faced with challenges that pose as threat to it's growth. Introduction of blockchain and cryptocurrency established a means for assets to be digitized into tradable funds which can efficiently distribute capital to guarantee economy enhancement . Understanding the potential of blockchain gained the attention of several blockchain startups and companies. EMIREX is one of such companies leveraging the capabilities of blockchain technology to provide satisfactory solutions to assist people become more successful in their business transactions and ventures. The EMIREX companies chose to create a comfortable environment based on blockchain technology to enable people perform seamless cryptocurrency trading without requirements of centralized structures and third parties, enabling effective flow of money to businesses and projects. EMIREX companies was created in 2014, where it's headquarter is located in United Arab Emirates. UAE serve as a unique location for business and financial trading hub to support any business venture, providing access to Western and Eastern economy markets. EMIREX represents a new group of companies dedicated to present relevant opportunities for capital to reach business owners via blockchain technology.
EMIREX EXCHANGE PLATFORM
EMIREX idea of establishing a financial hub convenient for trading of cryptocurrencies involved developing a cryptocurrency exchange platform with advanced services and tools. The exchange platform is developed for investors, cryptocurrency enthusiasts and traders, to facilitate efficient and more secure digital assets trading. The challenges affecting the cryptocurrency exchange industry is immense but EMIREX designed their exchange platform with modern technologies and systems to function relatively without regulatory approvals, which eliminates chances of unwanted risks in trading of cryptocurrencies. The EMIREX exchange functions with optimal efficiency and quality to support market standards and requirements which increases the sophisticated services rendered by EMIREX. To support continual development of the cryptocurrency exchange industry, the EMIREX exchange will offer highly flexible, user-friendly interface and tools that is suitable to both amateur and expert traders.
WHY EMIREX EXCHANGE IS THE RIGHT ECOSYSTEM FOR CRYPTOCURRENCY TRADING
  1. SIMPLICITY IN OPERATIONS : Easier navigation and user-friendly interface represents a main feature of EMIREX exchange. It offers more convenience for trading activities, which eliminates difficulties in performing digital assets trading by end users.
  2. EXCELLENT MATCHING CORE : Several cryptocurrency exchanges lack the feature of a good trading engine which causes delay and lagging in processing of trading orders. EMIREX exchange is designed with mature trading engine to facilitate processing of immense orders in matters of seconds. The exchange engine is able of processing 1 million orders per second without delays, thus effective and favorable for cryptocurrency traders.
  3. SECURITY : The issue of security has become more rampant in the cryptocurrency sphere. Most cryptocurrency exchanges have been developed with poor security protocols and systems, which leads to loss of end users tradable funds to cyber hackers. Therefore, EMIREX have built the exchange platform with high tech security systems, wallets and mechanisms to safeguard and prevent users funds against activities of cyber criminals and phishing attempts.
  4. TRANSPARENCY : EMIREX intends to maintain constant communication with their clients by giving them information about updates and details, pertaining to development and sustainable growth of the platform, transactions, products and available services.
  5. LIQUIDITY : This represents main aspect of any digital assets trading platform. Liquidity determines how a tradable asset can be converted to other funds or fiat at ease without affecting the overall price of the asset in the market. This availablility of this feature in good amount maintains order book of an exchange. Therefore, EMIREX exchange will be a suitable ecosystem for trading of cryptocurrencies to fiat or other cryptocurrency assets because the team developed plans and strategies to maintain and provide more Liquidity to promote continuous cryptocurrency trading.
  6. CUSTOMER SERVICE : The EMIREX exchange is existing with qualified customer support personnels. EMIREX exchange customer support personnels are always available to respond to customers in need of assistance and inquiries, which maintains the integrity and reliability of the platform to end users.
BENEFICIAL SERVICES EXISTING INSIDE EMIREX EXCHANGE
  1. SOCIAL TRADING
    A trading feature incorporated into EMIREX exchange to allow amateur traders receive access to visible profiles and portfolio of experts traders within the platform. This feature ensures that successful trade history of professional traders are easily monitored and copied by non expert traders. Simplicity and professional adaptation is the basic description of this system, because retail traders can choose and copy trade methods practiced by professional traders rather than trading with their own inexperience. EMIREX ensures that amateur traders become comfortable, obtain experience trading skills set and gain more profit via this trading mechanism.
  2. DRAWING TOOL BAR
Trading tools in cryptocurrency exchanges provides traders insightful details about their trading activities. The availability of drawing tool bar enables EMIREX exchange users to obtain technical analysis and other trading helpful indicators to strengthen trades operation.
  1. EXPERT TRADING CHAT
This implemented feature enables professional traders to build a community of interaction to help share ideas about trading techniques, discuss about market conditions and so on. Existence of this chat provides essential detail about updates on development of the cryptocurrency market.
  1. MARGIN TRADING
Margin trading available inside the EMIREX exchange ecosystem. With this feature, users will tap into scalability benefits without limitations when trading. Incorporation of margin trading mechanisms enables traders to receive access to third party capital, enhance trading performance and much more. Margin cryptocurrency trading offers an improved type of trading which secures opportunity to receive more profits for end users.
EMIREX TOKEN INFORMATION
EMIREX aims to eliminate the problem associated with scaling through launch of the internal currency called EMIREX Token (EMRX). The EMRX token plays the role of being main fuel of EMIREX ecosystem, provides incentives to users and will attract investors, traders and business owners due to it's potential and qualities. The EMRX token is developed on Ethereum blockchain and complies to ERC20 standard. Total available supply is 500,000,000 tokens. The EMIREX exchange team intends to perform a token burn action periodically. This action will systematically reduce the total supply in circulation to 50 % of it's original amount, thus creates scarcity and increase value of EMRX token in the open market.
FINAL THOUGHT
From the above stated services and qualities, EMIREX exchange portrays unrivaled differences from trend of convectional cryptocurrency exchanges existing in the cryptocurrency exchange industry. The services and tools available to users are made to satisfy the requirements of modern cryptocurrency traders. EMIREX exchange coordination and management under experienced team members, will amass attention and support essential to supercede it's competitors and obtain more sustainable development in the blockchain space. Founders of EMIREX exchange have launched a referral program with $200,000 released to be allocated to participants. Anyone can participate in this program by registering on the EMIREX exchange platform. Then log in and copy your referral link. Share your referral link to your social media accounts to get more referred persons and recieve chance to be entitled to share in $200,000 reward.
Referral Link : https://emirex.com/referral?refid=ID6A0A00D781
Kindly use the links below to get more information :
Website: https://emirex.com
Whitepaper: https://drive.google.com/file/d/1O8fZfCoIKkrsJ6HPMCglbB2k-uY0bGa8/view?usp=sharing
Facebook: https://www.facebook.com/emirex.official/
Twitter: https://twitter.com/EMIREX_OFFICIAL
Instagram: https://www.instagram.com/emirex_official/
Telegram: https://t.me/emirex_official
Linkedin : https://www.linkedin.com/company/emirexgroup/?viewAsMember=true
Medium: https://medium.com/@EMIREX_OFFICIAL
My Bitcointalk Username : Johnson Knight
Bitcointalk Profile URL : https://bitcointalk.org/index.php?action=profile;u=2326370;sa=summary
EMIREX UID: ID6A0A00D781
submitted by Cryptosaurus94 to Homebloc [link] [comments]

EMIREX EXCHANGE : THE NEW FINANCIAL ARCHITECTURE FOR SAFE, RELIABLE AND COMFORTABLE CRYPTOCURRENCY TRADING

The global market is undergoing continuous development, but some sectors related to the financial economy is still faced with challenges that pose as threat to it's growth. Introduction of blockchain and cryptocurrency established a means for assets to be digitized into tradable funds which can efficiently distribute capital to guarantee economy enhancement . Understanding the potential of blockchain gained the attention of several blockchain startups and companies. EMIREX is one of such companies leveraging the capabilities of blockchain technology to provide satisfactory solutions to assist people become more successful in their business transactions and ventures. The EMIREX companies chose to create a comfortable environment based on blockchain technology to enable people perform seamless cryptocurrency trading without requirements of centralized structures and third parties, enabling effective flow of money to businesses and projects. EMIREX companies was created in 2014, where it's headquarter is located in United Arab Emirates. UAE serve as a unique location for business and financial trading hub to support any business venture, providing access to Western and Eastern economy markets. EMIREX represents a new group of companies dedicated to present relevant opportunities for capital to reach business owners via blockchain technology.
EMIREX EXCHANGE PLATFORM
EMIREX idea of establishing a financial hub convenient for trading of cryptocurrencies involved developing a cryptocurrency exchange platform with advanced services and tools. The exchange platform is developed for investors, cryptocurrency enthusiasts and traders, to facilitate efficient and more secure digital assets trading. The challenges affecting the cryptocurrency exchange industry is immense but EMIREX designed their exchange platform with modern technologies and systems to function relatively without regulatory approvals, which eliminates chances of unwanted risks in trading of cryptocurrencies. The EMIREX exchange functions with optimal efficiency and quality to support market standards and requirements which increases the sophisticated services rendered by EMIREX. To support continual development of the cryptocurrency exchange industry, the EMIREX exchange will offer highly flexible, user-friendly interface and tools that is suitable to both amateur and expert traders.
WHY EMIREX EXCHANGE IS THE RIGHT ECOSYSTEM FOR CRYPTOCURRENCY TRADING
  1. SIMPLICITY IN OPERATIONS : Easier navigation and user-friendly interface represents a main feature of EMIREX exchange. It offers more convenience for trading activities, which eliminates difficulties in performing digital assets trading by end users.
  2. EXCELLENT MATCHING CORE : Several cryptocurrency exchanges lack the feature of a good trading engine which causes delay and lagging in processing of trading orders. EMIREX exchange is designed with mature trading engine to facilitate processing of immense orders in matters of seconds. The exchange engine is able of processing 1 million orders per second without delays, thus effective and favorable for cryptocurrency traders.
  3. SECURITY : The issue of security has become more rampant in the cryptocurrency sphere. Most cryptocurrency exchanges have been developed with poor security protocols and systems, which leads to loss of end users tradable funds to cyber hackers. Therefore, EMIREX have built the exchange platform with high tech security systems, wallets and mechanisms to safeguard and prevent users funds against activities of cyber criminals and phishing attempts.
  4. TRANSPARENCY : EMIREX intends to maintain constant communication with their clients by giving them information about updates and details, pertaining to development and sustainable growth of the platform, transactions, products and available services.
  5. LIQUIDITY : This represents main aspect of any digital assets trading platform. Liquidity determines how a tradable asset can be converted to other funds or fiat at ease without affecting the overall price of the asset in the market. This availablility of this feature in good amount maintains order book of an exchange. Therefore, EMIREX exchange will be a suitable ecosystem for trading of cryptocurrencies to fiat or other cryptocurrency assets because the team developed plans and strategies to maintain and provide more Liquidity to promote continuous cryptocurrency trading.
  6. CUSTOMER SERVICE : The EMIREX exchange is existing with qualified customer support personnels. EMIREX exchange customer support personnels are always available to respond to customers in need of assistance and inquiries, which maintains the integrity and reliability of the platform to end users.
BENEFICIAL SERVICES EXISTING INSIDE EMIREX EXCHANGE
  1. SOCIAL TRADING
    A trading feature incorporated into EMIREX exchange to allow amateur traders receive access to visible profiles and portfolio of experts traders within the platform. This feature ensures that successful trade history of professional traders are easily monitored and copied by non expert traders. Simplicity and professional adaptation is the basic description of this system, because retail traders can choose and copy trade methods practiced by professional traders rather than trading with their own inexperience. EMIREX ensures that amateur traders become comfortable, obtain experience trading skills set and gain more profit via this trading mechanism.
  2. DRAWING TOOL BAR
Trading tools in cryptocurrency exchanges provides traders insightful details about their trading activities. The availability of drawing tool bar enables EMIREX exchange users to obtain technical analysis and other trading helpful indicators to strengthen trades operation.
  1. EXPERT TRADING CHAT
This implemented feature enables professional traders to build a community of interaction to help share ideas about trading techniques, discuss about market conditions and so on. Existence of this chat provides essential detail about updates on development of the cryptocurrency market.
  1. MARGIN TRADING
Margin trading available inside the EMIREX exchange ecosystem. With this feature, users will tap into scalability benefits without limitations when trading. Incorporation of margin trading mechanisms enables traders to receive access to third party capital, enhance trading performance and much more. Margin cryptocurrency trading offers an improved type of trading which secures opportunity to receive more profits for end users.
EMIREX TOKEN INFORMATION
EMIREX aims to eliminate the problem associated with scaling through launch of the internal currency called EMIREX Token (EMRX). The EMRX token plays the role of being main fuel of EMIREX ecosystem, provides incentives to users and will attract investors, traders and business owners due to it's potential and qualities. The EMRX token is developed on Ethereum blockchain and complies to ERC20 standard. Total available supply is 500,000,000 tokens. The EMIREX exchange team intends to perform a token burn action periodically. This action will systematically reduce the total supply in circulation to 50 % of it's original amount, thus creates scarcity and increase value of EMRX token in the open market.
FINAL THOUGHT
From the above stated services and qualities, EMIREX exchange portrays unrivaled differences from trend of convectional cryptocurrency exchanges existing in the cryptocurrency exchange industry. The services and tools available to users are made to satisfy the requirements of modern cryptocurrency traders. EMIREX exchange coordination and management under experienced team members, will amass attention and support essential to supercede it's competitors and obtain more sustainable development in the blockchain space. Founders of EMIREX exchange have launched a referral program with $200,000 released to be allocated to participants. Anyone can participate in this program by registering on the EMIREX exchange platform. Then log in and copy your referral link. Share your referral link to your social media accounts to get more referred persons and recieve chance to be entitled to share in $200,000 reward.
Referral Link : https://emirex.com/referral?refid=ID6A0A00D781
Kindly use the links below to get more information :
Website: https://emirex.com
Whitepaper: https://drive.google.com/file/d/1O8fZfCoIKkrsJ6HPMCglbB2k-uY0bGa8/view?usp=sharing
Facebook: https://www.facebook.com/emirex.official/
Twitter: https://twitter.com/EMIREX_OFFICIAL
Instagram: https://www.instagram.com/emirex_official/
Telegram: https://t.me/emirex_official
Linkedin : https://www.linkedin.com/company/emirexgroup/?viewAsMember=true
Medium: https://medium.com/@EMIREX_OFFICIAL
My Bitcointalk Username : Johnson Knight
Bitcointalk Profile URL : https://bitcointalk.org/index.php?action=profile;u=2326370;sa=summary
EMIREX UID: ID6A0A00D781
submitted by Cryptosaurus94 to dayta [link] [comments]

EMIREX EXCHANGE : THE NEW FINANCIAL ARCHITECTURE FOR SAFE, RELIABLE AND COMFORTABLE CRYPTOCURRENCY TRADING

The global market is undergoing continuous development, but some sectors related to the financial economy is still faced with challenges that pose as threat to it's growth. Introduction of blockchain and cryptocurrency established a means for assets to be digitized into tradable funds which can efficiently distribute capital to guarantee economy enhancement . Understanding the potential of blockchain gained the attention of several blockchain startups and companies. EMIREX is one of such companies leveraging the capabilities of blockchain technology to provide satisfactory solutions to assist people become more successful in their business transactions and ventures. The EMIREX companies chose to create a comfortable environment based on blockchain technology to enable people perform seamless cryptocurrency trading without requirements of centralized structures and third parties, enabling effective flow of money to businesses and projects. EMIREX companies was created in 2014, where it's headquarter is located in United Arab Emirates. UAE serve as a unique location for business and financial trading hub to support any business venture, providing access to Western and Eastern economy markets. EMIREX represents a new group of companies dedicated to present relevant opportunities for capital to reach business owners via blockchain technology.
EMIREX EXCHANGE PLATFORM
EMIREX idea of establishing a financial hub convenient for trading of cryptocurrencies involved developing a cryptocurrency exchange platform with advanced services and tools. The exchange platform is developed for investors, cryptocurrency enthusiasts and traders, to facilitate efficient and more secure digital assets trading. The challenges affecting the cryptocurrency exchange industry is immense but EMIREX designed their exchange platform with modern technologies and systems to function relatively without regulatory approvals, which eliminates chances of unwanted risks in trading of cryptocurrencies. The EMIREX exchange functions with optimal efficiency and quality to support market standards and requirements which increases the sophisticated services rendered by EMIREX. To support continual development of the cryptocurrency exchange industry, the EMIREX exchange will offer highly flexible, user-friendly interface and tools that is suitable to both amateur and expert traders.
WHY EMIREX EXCHANGE IS THE RIGHT ECOSYSTEM FOR CRYPTOCURRENCY TRADING
  1. SIMPLICITY IN OPERATIONS : Easier navigation and user-friendly interface represents a main feature of EMIREX exchange. It offers more convenience for trading activities, which eliminates difficulties in performing digital assets trading by end users.
  2. EXCELLENT MATCHING CORE : Several cryptocurrency exchanges lack the feature of a good trading engine which causes delay and lagging in processing of trading orders. EMIREX exchange is designed with mature trading engine to facilitate processing of immense orders in matters of seconds. The exchange engine is able of processing 1 million orders per second without delays, thus effective and favorable for cryptocurrency traders.
  3. SECURITY : The issue of security has become more rampant in the cryptocurrency sphere. Most cryptocurrency exchanges have been developed with poor security protocols and systems, which leads to loss of end users tradable funds to cyber hackers. Therefore, EMIREX have built the exchange platform with high tech security systems, wallets and mechanisms to safeguard and prevent users funds against activities of cyber criminals and phishing attempts.
  4. TRANSPARENCY : EMIREX intends to maintain constant communication with their clients by giving them information about updates and details, pertaining to development and sustainable growth of the platform, transactions, products and available services.
  5. LIQUIDITY : This represents main aspect of any digital assets trading platform. Liquidity determines how a tradable asset can be converted to other funds or fiat at ease without affecting the overall price of the asset in the market. This availablility of this feature in good amount maintains order book of an exchange. Therefore, EMIREX exchange will be a suitable ecosystem for trading of cryptocurrencies to fiat or other cryptocurrency assets because the team developed plans and strategies to maintain and provide more Liquidity to promote continuous cryptocurrency trading.
  6. CUSTOMER SERVICE : The EMIREX exchange is existing with qualified customer support personnels. EMIREX exchange customer support personnels are always available to respond to customers in need of assistance and inquiries, which maintains the integrity and reliability of the platform to end users.
BENEFICIAL SERVICES EXISTING INSIDE EMIREX EXCHANGE
  1. SOCIAL TRADING
    A trading feature incorporated into EMIREX exchange to allow amateur traders receive access to visible profiles and portfolio of experts traders within the platform. This feature ensures that successful trade history of professional traders are easily monitored and copied by non expert traders. Simplicity and professional adaptation is the basic description of this system, because retail traders can choose and copy trade methods practiced by professional traders rather than trading with their own inexperience. EMIREX ensures that amateur traders become comfortable, obtain experience trading skills set and gain more profit via this trading mechanism.
  2. DRAWING TOOL BAR
Trading tools in cryptocurrency exchanges provides traders insightful details about their trading activities. The availability of drawing tool bar enables EMIREX exchange users to obtain technical analysis and other trading helpful indicators to strengthen trades operation.
  1. EXPERT TRADING CHAT
This implemented feature enables professional traders to build a community of interaction to help share ideas about trading techniques, discuss about market conditions and so on. Existence of this chat provides essential detail about updates on development of the cryptocurrency market.
  1. MARGIN TRADING
Margin trading available inside the EMIREX exchange ecosystem. With this feature, users will tap into scalability benefits without limitations when trading. Incorporation of margin trading mechanisms enables traders to receive access to third party capital, enhance trading performance and much more. Margin cryptocurrency trading offers an improved type of trading which secures opportunity to receive more profits for end users.
EMIREX TOKEN INFORMATION
EMIREX aims to eliminate the problem associated with scaling through launch of the internal currency called EMIREX Token (EMRX). The EMRX token plays the role of being main fuel of EMIREX ecosystem, provides incentives to users and will attract investors, traders and business owners due to it's potential and qualities. The EMRX token is developed on Ethereum blockchain and complies to ERC20 standard. Total available supply is 500,000,000 tokens. The EMIREX exchange team intends to perform a token burn action periodically. This action will systematically reduce the total supply in circulation to 50 % of it's original amount, thus creates scarcity and increase value of EMRX token in the open market.
FINAL THOUGHT
From the above stated services and qualities, EMIREX exchange portrays unrivaled differences from trend of convectional cryptocurrency exchanges existing in the cryptocurrency exchange industry. The services and tools available to users are made to satisfy the requirements of modern cryptocurrency traders. EMIREX exchange coordination and management under experienced team members, will amass attention and support essential to supercede it's competitors and obtain more sustainable development in the blockchain space. Founders of EMIREX exchange have launched a referral program with $200,000 released to be allocated to participants. Anyone can participate in this program by registering on the EMIREX exchange platform. Then log in and copy your referral link. Share your referral link to your social media accounts to get more referred persons and recieve chance to be entitled to share in $200,000 reward.
Referral Link : https://emirex.com/referral?refid=ID6A0A00D781
Kindly use the links below to get more information :
Website: https://emirex.com
Whitepaper: https://drive.google.com/file/d/1O8fZfCoIKkrsJ6HPMCglbB2k-uY0bGa8/view?usp=sharing
Facebook: https://www.facebook.com/emirex.official/
Twitter: https://twitter.com/EMIREX_OFFICIAL
Instagram: https://www.instagram.com/emirex_official/
Telegram: https://t.me/emirex_official
Linkedin : https://www.linkedin.com/company/emirexgroup/?viewAsMember=true
Medium: https://medium.com/@EMIREX_OFFICIAL
My Bitcointalk Username : Johnson Knight
Bitcointalk Profile URL : https://bitcointalk.org/index.php?action=profile;u=2326370;sa=summary
EMIREX UID: ID6A0A00D781
submitted by Cryptosaurus94 to BankCoinGlobal [link] [comments]

EMIREX EXCHANGE : THE NEW FINANCIAL ARCHITECTURE FOR SAFE, RELIABLE AND COMFORTABLE CRYPTOCURRENCY TRADING

The global market is undergoing continuous development, but some sectors related to the financial economy is still faced with challenges that pose as threat to it's growth. Introduction of blockchain and cryptocurrency established a means for assets to be digitized into tradable funds which can efficiently distribute capital to guarantee economy enhancement . Understanding the potential of blockchain gained the attention of several blockchain startups and companies. EMIREX is one of such companies leveraging the capabilities of blockchain technology to provide satisfactory solutions to assist people become more successful in their business transactions and ventures. The EMIREX companies chose to create a comfortable environment based on blockchain technology to enable people perform seamless cryptocurrency trading without requirements of centralized structures and third parties, enabling effective flow of money to businesses and projects. EMIREX companies was created in 2014, where it's headquarter is located in United Arab Emirates. UAE serve as a unique location for business and financial trading hub to support any business venture, providing access to Western and Eastern economy markets. EMIREX represents a new group of companies dedicated to present relevant opportunities for capital to reach business owners via blockchain technology.
EMIREX EXCHANGE PLATFORM
EMIREX idea of establishing a financial hub convenient for trading of cryptocurrencies involved developing a cryptocurrency exchange platform with advanced services and tools. The exchange platform is developed for investors, cryptocurrency enthusiasts and traders, to facilitate efficient and more secure digital assets trading. The challenges affecting the cryptocurrency exchange industry is immense but EMIREX designed their exchange platform with modern technologies and systems to function relatively without regulatory approvals, which eliminates chances of unwanted risks in trading of cryptocurrencies. The EMIREX exchange functions with optimal efficiency and quality to support market standards and requirements which increases the sophisticated services rendered by EMIREX. To support continual development of the cryptocurrency exchange industry, the EMIREX exchange will offer highly flexible, user-friendly interface and tools that is suitable to both amateur and expert traders.
WHY EMIREX EXCHANGE IS THE RIGHT ECOSYSTEM FOR CRYPTOCURRENCY TRADING
  1. SIMPLICITY IN OPERATIONS : Easier navigation and user-friendly interface represents a main feature of EMIREX exchange. It offers more convenience for trading activities, which eliminates difficulties in performing digital assets trading by end users.
  2. EXCELLENT MATCHING CORE : Several cryptocurrency exchanges lack the feature of a good trading engine which causes delay and lagging in processing of trading orders. EMIREX exchange is designed with mature trading engine to facilitate processing of immense orders in matters of seconds. The exchange engine is able of processing 1 million orders per second without delays, thus effective and favorable for cryptocurrency traders.
  3. SECURITY : The issue of security has become more rampant in the cryptocurrency sphere. Most cryptocurrency exchanges have been developed with poor security protocols and systems, which leads to loss of end users tradable funds to cyber hackers. Therefore, EMIREX have built the exchange platform with high tech security systems, wallets and mechanisms to safeguard and prevent users funds against activities of cyber criminals and phishing attempts.
  4. TRANSPARENCY : EMIREX intends to maintain constant communication with their clients by giving them information about updates and details, pertaining to development and sustainable growth of the platform, transactions, products and available services.
  5. LIQUIDITY : This represents main aspect of any digital assets trading platform. Liquidity determines how a tradable asset can be converted to other funds or fiat at ease without affecting the overall price of the asset in the market. This availablility of this feature in good amount maintains order book of an exchange. Therefore, EMIREX exchange will be a suitable ecosystem for trading of cryptocurrencies to fiat or other cryptocurrency assets because the team developed plans and strategies to maintain and provide more Liquidity to promote continuous cryptocurrency trading.
  6. CUSTOMER SERVICE : The EMIREX exchange is existing with qualified customer support personnels. EMIREX exchange customer support personnels are always available to respond to customers in need of assistance and inquiries, which maintains the integrity and reliability of the platform to end users.
BENEFICIAL SERVICES EXISTING INSIDE EMIREX EXCHANGE
  1. SOCIAL TRADING
    A trading feature incorporated into EMIREX exchange to allow amateur traders receive access to visible profiles and portfolio of experts traders within the platform. This feature ensures that successful trade history of professional traders are easily monitored and copied by non expert traders. Simplicity and professional adaptation is the basic description of this system, because retail traders can choose and copy trade methods practiced by professional traders rather than trading with their own inexperience. EMIREX ensures that amateur traders become comfortable, obtain experience trading skills set and gain more profit via this trading mechanism.
  2. DRAWING TOOL BAR
Trading tools in cryptocurrency exchanges provides traders insightful details about their trading activities. The availability of drawing tool bar enables EMIREX exchange users to obtain technical analysis and other trading helpful indicators to strengthen trades operation.
  1. EXPERT TRADING CHAT
This implemented feature enables professional traders to build a community of interaction to help share ideas about trading techniques, discuss about market conditions and so on. Existence of this chat provides essential detail about updates on development of the cryptocurrency market.
  1. MARGIN TRADING
Margin trading available inside the EMIREX exchange ecosystem. With this feature, users will tap into scalability benefits without limitations when trading. Incorporation of margin trading mechanisms enables traders to receive access to third party capital, enhance trading performance and much more. Margin cryptocurrency trading offers an improved type of trading which secures opportunity to receive more profits for end users.
EMIREX TOKEN INFORMATION
EMIREX aims to eliminate the problem associated with scaling through launch of the internal currency called EMIREX Token (EMRX). The EMRX token plays the role of being main fuel of EMIREX ecosystem, provides incentives to users and will attract investors, traders and business owners due to it's potential and qualities. The EMRX token is developed on Ethereum blockchain and complies to ERC20 standard. Total available supply is 500,000,000 tokens. The EMIREX exchange team intends to perform a token burn action periodically. This action will systematically reduce the total supply in circulation to 50 % of it's original amount, thus creates scarcity and increase value of EMRX token in the open market.
FINAL THOUGHT
From the above stated services and qualities, EMIREX exchange portrays unrivaled differences from trend of convectional cryptocurrency exchanges existing in the cryptocurrency exchange industry. The services and tools available to users are made to satisfy the requirements of modern cryptocurrency traders. EMIREX exchange coordination and management under experienced team members, will amass attention and support essential to supercede it's competitors and obtain more sustainable development in the blockchain space. Founders of EMIREX exchange have launched a referral program with $200,000 released to be allocated to participants. Anyone can participate in this program by registering on the EMIREX exchange platform. Then log in and copy your referral link. Share your referral link to your social media accounts to get more referred persons and recieve chance to be entitled to share in $200,000 reward.
Referral Link : https://emirex.com/referral?refid=ID6A0A00D781
Kindly use the links below to get more information :
Website: https://emirex.com
Whitepaper: https://drive.google.com/file/d/1O8fZfCoIKkrsJ6HPMCglbB2k-uY0bGa8/view?usp=sharing
Facebook: https://www.facebook.com/emirex.official/
Twitter: https://twitter.com/EMIREX_OFFICIAL
Instagram: https://www.instagram.com/emirex_official/
Telegram: https://t.me/emirex_official
Linkedin : https://www.linkedin.com/company/emirexgroup/?viewAsMember=true
Medium: https://medium.com/@EMIREX_OFFICIAL
My Bitcointalk Username : Johnson Knight
Bitcointalk Profile URL : https://bitcointalk.org/index.php?action=profile;u=2326370;sa=summary
EMIREX UID: ID6A0A00D781
submitted by Cryptosaurus94 to Crypto_ICO_Investing [link] [comments]

IOTA Definition

IOTA Definition
History of IOTA
The blockchain was announced in October 2015 through. The roots of IOTA go back to the Jinn project. That project aimed to develop ternary hardware or low-cost and energy-efficient hardware, primarily general-purpose processors, for use in the IoT ecosystem. Jinn held a crowd sale for its tokens in September 2014. The Jinn tokens were soon in hot water because they marketed as profit-sharing tokens.. In 2015, Jinn was rebranded as IOTA, and another token sale was held. This time around, the tokens were marketed as utility tokens, and Jinn token holders could exchange their tokens at equivalency with the new blockchain. According to David Sønstebø, IOTA was “spawned” due to the Jinn project. But reports state that a snapshot of the genesis transaction is yet to be found online. These tokens were dispersed to other “founder” addresses. The total number of mIOTAs planned to be in existence is 27 quadrillion. According to IOTA’s founders, the total number of mIOTAs fits in “nicely” with the maximum allowable integer value in Javascript, a programming language.
Understanding IOTA
According to research firm Gartner, there will be 20.4 billion devices connected to the Internet by 2020. Within this ecosystem, each device will exchange data and payment information with multiple, other devices in transactions conducted throughout the day. IOTA intends to become the standard mode of conducting transactions on devices. Its founders have described the ledger as a “public permission-less backbone for the Internet of Things that enables interoperability between multiple devices.” In simple words, this means that it will enable transactions between connected devices, and anyone will be able to access it. Those problems are primarily caused due to a backlog of transactions on Bitcoin’s blockchain. The backlog itself is because of a variety of reasons, from small block sizes to the difficulty of puzzles that miners must solve to earn the cryptocurrency as a reward. IOTA solves these problems by reconfiguring blockchain's architecture into Tangle, a new way of organizing data and confirming transactions.
How Does IOTA Solve Bitcoin’s Scalability Problems?
IOTA’s solution to Bitcoin’s problems is to do away with several key concepts and topographical constraints of a blockchain. mIOTA, IOTA’s cryptocurrency, is pre-mined and consensus of transactions occurs differently as compared to a blockchain. IOTA developers have proposed a new data structure. Tangle is a Decentralized Acyclic Graph, a system of nodes which is not sequential. Thus, each node can be connected to multiple other nodes in a Tangle. But they are connected only in a particular direction, meaning that a node cannot refer back to itself. A standard blockchain is also a DAG because it is a sequential linked set. In Bitcoin, a group of systems running full nodes that contain the entire history of transactions for a ledger are required for confirmations and consensus. Full node miners are not required in Tangle. Each new transaction is confirmed by referencing two previous transactions, reducing the amount of time and memory required to confirm a transaction. Related to the concept of a “confidence” is a transaction’s weight. As it moves through Tangle, a transaction gathers weight. A transaction’s weight increases with the number of approvals. Once a transaction is confirmed, it is broadcast to the entire network, and another unconfirmed transaction can choose the newly-confirmed transaction as one of the tips to confirm itself.
Governance Protocol
IOTA has not outlined a governance structure for its blockchain. The IOTA Foundation is primarily responsible for funding and leading development of IOTA. In a previous post, John Licciardello, former managing director of IOTA's Ecosystem Development Fund (EDF), that would allow members of the IOTA community to vote on proposals regarding its future direction. But there are no updates on the initiative yet.
Concerns About IOTA
Criticism of IOTA has mainly centered around its technical flaws. As with most cryptocurrencies, IOTA’s system is nascent and unproven. A phishing attack on its network resulted in the theft of mIOTA worth $3.94 million. In other words, they created their encryption scheme from scratch, forgoing the widely-used SHA-256 hash function used in Bitcoin. The team at MIT’s Digital Currency Initiative found serious vulnerabilities with IOTA’s hash function, which is called Curl. This property is known as Collision and denotes a broken hash function. In their analysis of the vulnerability, the MIT team stated that a bad actor could have destroyed or stolen user funds from Tangle with their technique. IOTA’s team has corrected the vulnerability. The foundation announced a new partnership with Ledger, one of the leading producers of hardware wallets. IOTA technology will be integrated into the hardware wallets, giving users the ability to store the private key information in a device that adds another layer of protection from hackers.
https://preview.redd.it/ex768bb74gw31.jpg?width=777&format=pjpg&auto=webp&s=4e89f0875410274a85b76227c17d321b5c3d29ed
“The collaboration between the teams created an immediate synergy concentrated on developing a compatibility feature allowing users to access, store and manage IOTA tokens on Ledger devices. 

The IOTA (MIOTA) digital asset suffered from a lack of adequate wallets for months, even at the peak of the market. The asset, which commanded prices above $5, was not spared by the bear market. Despite the launch of the long-awaited Trinity wallet, MIOTA lost positions. Given that mIOTA, the crypto used in IOTA, is still to gain mainstream traction, its claims to eliminate scalability problems for blockchains through the use of DAGs are also still to be proven. Vitalik Buterin, the co-founder of Ethereum, has cast doubt on the ability of hashgraphs to solve scalability issues.
Another problem with IOTA currently is the small size of its network. Researchers have found that hackers need only gain control of 33% of the total hashing power required to bring it down. In Bitcoin, control of 51% of a network is required to bring its blockchain down. To ensure security, IOTA’s network currently uses a central server known as a Coordinator to process transactions. This practice has diluted its claims of being a decentralized system since the introduction of a Coordinator has resulted in the introduction of a single point of failure.
The consensus system is described in a new white paper. In the past, IOTA has been criticized for its hidden centralization, as well as for the loss of coins sometimes happening when a user’s wallet was unable to receive its previous balances from the state of the Tangle.
But despite the innovation, IOTA lags behind digital assets that are receiving the most significant inflows of investment and trading liquidity.
submitted by Avra11 to u/Avra11 [link] [comments]

$105 Million Worth Of ETH Transferred From Plus Token Wallets

$105 Million Worth Of ETH Transferred From Plus Token Wallets

A Total Of 789,525 Ethereum (ETH) Coins Were Sent To An Unknown Wallet Six Months After Plus Token Crackdown
Despite shutting down operations in June 2019, the team behind one of the biggest Ponzi schemes in the history of cryptocurrencies, Plus Token, is clearly unobstructed to access their crypto savings. Crypto monitoring Twitter-based service WhaleAlert rang the bell for the massive ETH transfer. The wallets to which the transfer was made are, however, still unknown.
The move could result in challenging several years for Ethereum, and the entire crypto sector as well. Apart from Ethereum, Plus Token wallets also contained Bitcoin and EOS. Crypto analysis company Chainalysis conducted research, showing that Plus Token wallets hold around 180,000 BTC and nearly 6,4 million Ethereum coins. As of press time, the total amount of cryptocurrencies in the hands of Plus Token exceeds $2,1 billion, which is enough large sum to cause significant fluctuations in the crypto sector.
Indeed, shortly after WhaleAlert announced the massive transfer, Ethereum’s price plunged from $134,19 to trade at $127,25 as of press time.
“We can clearly identify at least 800,000 ETH and 45,000 BTC are now in the hands of Plus Token scammers. They cashed out around 10,000 Ethereum tokens, leaving the rest in a single wallet”, Chainalysis representatives stated.
Some crypto experts are claiming Plus Token scammers are at the base of the recent Bitcoin price plunge, as the crypto criminals liquidated their BTC stash to exchanges like Huobi. Nevertheless, the current transfers quickly became a catalyst for fear in the crypto sector.
Plus Token became notorious for simply fleeing without a single word, except the “Sorry we have run” note on one of the transactions at the beginning of the massive money transfer operation. The main Ethereum wallet, however, began receiving small amounts of cash 55 days ago.
Interestingly, social media messages from the possible Plus Token core team, or their affiliates, roamed the Chinese Internet. The messages tried to explain why such transactions are made. Sino Global Capital’s CEO, Matthew Graham, noted the strange behavior and tweeted about the phenomenon. “However, we don’t have full visibility of the process so that it may be the core team at work or their associates,” Graham stated.
Ponzi schemes became notorious in the 2017 ICO boom, gathering a vast amount of illicitly accumulated capital. Crypto scammers like Plus Token and OneCoin allegedly tricked investors for close to $10 billion. Plus Token’s essential luring technique was the 9-18% monthly Return Of Investments (ROI). Illicit projects like OneCoin and Plus Token invest in luxurious look of their projects rather than functionality, cashing over $7 billion from investors. Many of the victims were acquired via offline events, such as presentations, conferences, and meetups.
submitted by Crypto_Browser to u/Crypto_Browser [link] [comments]

All videos from EthCC '19 in Paris

Agenda (PDF) | Official Site (ethcc.io) | After Movie
Local timezone is Paris (GMT+1), all times are local time.
Below is a list of all presentations arranged on time and locations. The organisers of EthCC did a really good job this time by also making playlists for the various categories so you don't have to search for the one that interests you.
Note: The organisers are still busy uploading, so not all videos are available yet. I will be updating these as they come online.

Day 1 - Tuesday March 5th 2019

Room: Paul Levé

Start Presentation Duration
09:30 Ethereum will save the world. Here's how by Lane Rettig 35:41
10:00 Ethereum 2.0—the phase 0 spec by Justin Drake 57:39
11:15 Open your Dapp to 100 million users by Charles Hamel 34:41
11:45 Things I want to see at the app layer by Evan Van Ness 18:03
12:50 Update from the Mist team by Philipp Langhans 18:34
13:10 Communication from the Ethereum Foundation by Aya Miyaguchi 27:03
13:30 Blockchain Scaling by Vlad Zamfir 1:31:42
15:30 Growing Open Source Software by Scott Moore 19:41
15:45 ERC725 - the second iteration by Fabian Vogelsteller 20:43
16:15 What we can learn from ancient decentralised civilisation by Eseoghene Mentie 21:36
16:45 Rebuilding the Internet with Exodus by Lisa Chu 14:41
17:00 Pay-as-youuse Golem by Marcin Benke 28:53
17:30 Spectacular Growth Happening Now: Why Ethereum Must Focus on Asia by John Lilic 16:30
17:55 How Intel SGX and Ethereum can be leveraged to monitize data sets by Gilles Fedak 30:57
18:05 The State of Curation Markets by Simon de la Rouviere 12:04
18:20 Oracles in the wild: Powering decentralized applications with flexible data solutions by Kenny Chandrasekera 26:33

Room: Jean-Baptiste Say

Start Presentation Duration
09:30 Ethereum Decentralized Digital Identity Trust Services by Fabrice Croiseaux 25:03
10:00 Enabling frictionless access to Dapps, today by Itamar Lesuisse 28:04
10:30 Hiding the blockchain: mass adoption through use-case focus. by Louis Millon 8:36
10:45 Turn your smartphone into a hardware wallet by Thibaut Sardan 18:29
11:30 Decentralised Exchanges - Crossing the UX Chasm by Will Harborne 23:23
11:50 IDEN3: Scalable distributed identity infrastructure using zeroknowledge proofs to guarantee privacy by Jordi Baylina 31:25
12:20 Building Identity into Layer 1 and Layer 2 through Signed Typed Data by Pelle Braendgaard 20:02
13:35 Reducing Mainnet Transactions: A Case Study by Craig Williams 26:57
14:05 #SHIPL by Mokhtar Bacha 14:09
14:35 Wallet Standards for Mainstream Adoption by Pedro Gomes 21:20
14:55 Decentralized automation by Piotr Kosiński 27:31
15:55 Blockchain: The UX strikes back by Thomas Chataigner 25:11
16:25 Meta Transactions and the Burner Wallet by Austin Griffith 26:36
16:55 DAOs : How to (finally) kickstart adoption? by Julien Béranger 55:50
17:55 Indexed Ethereum Data: Boosting dApp development with Alethio's Core API by Lucian Boca 16:56
18:10 DeFi use cases by Pavlo Makarov 11:01

Room: Robert Faure

Start Presentation Duration
09:30 Discover Arianee Protocol and Live Demo by Alexandre Cognard 26:39
10:00 How to build your decentralized booking service (DBS) on top of ERC808 by Vidal Chriqui 21:15
10:20 Web3-Enabled Social Networks by Logan Saether 24:36
10:40 Limiting the use of smart-contracts: when and how to move offchain by Robert Zaremba 20:29
11:15 Bringing Liquidity On-chain - Lesson Learned by Yaron Velner 26:44
11:40 [Transparency in the blockchain space by Griffin Anderson]()
12:10 Pando, a decentralized VCS based on IPFS and Aragon by Olivier Sarrouy 27:43
13:20 Ethereum Cat Herders: Decentralizing Ethereum Project Management by Hudson Jameson 11:47
13:40 Ethereum and Java by Ivaylo Kirilov 31:48
14:10 From Doges to Tokens: Curated list disputes with Kleros by Clement Lesaege 24:58
14:35 Beyond the technology, how about building a legally-compliant DAO? by Qianchen Yu 21:36
14:55 Gas Stations Network (EIP 1613) - decentralized metatransactions by Yoav Weiss 25:03
15:45 ERC777: Improved token safety and security by Jacques Dafflon 13:29
16:05 The Art of Tipping: Crypto's Oldest Use Case by Kendall Cole 12:35
16:20 The universal ledger agent: a logical result of Rabobank's journey in blockchain based self-sovereign identity by David Lamers 32:26
16:50 FunFair: State channels live. Next phase: Adoption by Jez San 29:33
17:20 CREDO: Sustainable bootstrapping of decentralized open source networks by Liraz Siri 22:10
17:35 Plasma Cash: Towards improved Plasma Constructions by Georgios Konstantopoulos 21:11
18:05 Tests and Simulation of Eth2.0 by Mamy Ratsimbazafy 27:29
18:35 Decentralised Geospatial Layer For Earth Observation by Julien Bouteloup 16:40

Room: Amphi Abbé Grégoire

Start Presentation Duration
09:30 [Introduction - W3F Track by Jack Platts]()
09:35 The State of Web3 & Polkadot Governance by Ryan Zurrer 18:10
10:05 Substrate meets iExec: how to Build a Domain-Specific Token-Based Chain by François Branciard 27:00
10:35 Moving from sidechains to parachains by Aidan Hyman 23:09
11:05 Creating Smart Contracts by Dillon Chen 37:33
11:35 The user experience for Web 3: Challenges and Opportunities by Antoine Najjarin 21:56
12:05 Katallassos: A Standard Framework for Financial Contracts by Reto Trinkler 24:11
12:35 Cumulus: Entering the Substratosphere by Rob Habermeier 32:02
14:00 Building Payment Channels with Substrate by Ivo Georgiev 20:34
14:30 libp2p: A Modular, P2P Networking Stack by Mike Goelzer 35:03
15:00 Exploring the Polkadot/Substrate Runtime by Emiel van der Hoek 29:37
15:30 PANEL: Whisper v2 Implementation by Fatemeh Shirazi, Oskar Thorén, & Sebastian Bürgel 1:03:11
16:30 Secure Decentralized Oracles on the Polkadot Network by Sergey Nazarov 32:02
17:00 Enabling Forkless Blockchain Upgrades with Substrate by Shawn Tabrizi 25:28
17:30 A Web3 Data Economy with Ocean Protocol and Polkadot by Dimitri de Jonghe 34:47
18:00 [Conclusion and announcement by Jack Platts]()

Room: Jean Fourastié

Start Presentation Duration
12:35 How distributed governance unlocks collective coordination and intelligence by Tim Bansemer 54:11
14:35 Designing a 'universal' security token by Alexis Collomb 21:44
14:55 [Smart Contract Hacking Capture The Flag by Clement Lesaege]()
15:55 Building complex governance systems on Ethereum in 5 simple steps by Louis Margot-Duclot 21:11
17:40 Scalability: Given industry constraints, how do we move from a centralised to a decentralised approach while still retaining the principles of decentralisation? by Ethan Illingworth & Angus Hamill 11:14

Day 2 - Wednesday March 6th 2019

Room: Paul Levé

Start Presentation Duration
09:30 Parsimonious answers to difficult questions by Rick Dudley 26:33
10:30 Ethereum Governance in 2019 by Hudson Jameson 16:17
11:05 Subjectivity vs. Objectivity in decentralized systems by Martin Lundfall 38:05
12:15 Decentralized Oracles: Reliably Triggering Smart Contracts using Decentralized Computation and Trusted Execution Environments by Sergey Nazarov 31:02
12:45 The Importance of Proof of Wonder by Loredana Cirstea 26:02
13:15 Community Code of Conduct v1 - call for feedback by Jamie Pitts 7:02
13:55 Upgrading Aragon Voting infrastructure by Jorge Izquierdo 25:12
14:15 ECF 2.0 by QJ Wang 21:15
15:05 Raiden Network Update by Paul Lange & Franziska Heintel 23:24
15:30 Tokenized Securities - The future of Capital markets by Dauriel Team 39:48
16:20 You Can't Commoditise Trust by Axel Simon 36:47
17:10 Uncorking the wine world: tokenization, transparency and traceability by Mike Barrow 39:04
17:40 The Truth Of The Thing by Ricardo J. Mendez 23:27
18:20 Smart contracts that transfer physical property by Vinay Gupta 31:09

Room: Jean-Baptiste Say

Start Presentation Duration
09:30 Solidity & Yul by Alex Beregszaszi 15:50
09:45 Invalid Opcode: Understanding the EVM through the eyes of a Solidity Stack Tracer by Andrej Bencic 20:09
10:15 Using events to unit test smart contracts by Rosco Kalis 16:25
10:55 eWASM Ethereum 1.x update by Guillaume Balle 15:56
11:25 Let’s dig inside Ethereum Smart Contracts compiled to WebAssembly by Patrick Ventuzelo 19:39
12:20 In blockchain we trust(less): The rise and fall of blockchain governance by Primavera de Filippi 32:00
13:20 Blockchain Governance by Vlad Zamfir 1:43:38
15:20 Legally linked DAO's by Hugh Karp 23:17
15:45 Slate Governance for Effective Token Votes by Niran Babalola 28:46
16:15 Ethereum UX for non-tech users: Cases of NFT and Prediction market by Lili Feyerabend 17:27
16:30 The evolution of the blockchain's ecosystem by Federico Rocchi 28:22
16:50 Blockchain & privacy: a concrete example with Parity Private Transactions by Antoine Detante 37:16
17:30 Quorum: Deploying Ethereum in the Enterprise by Tyrone Lobban 35:19
18:00 Solving scalability with Zero Knowledge Proofs by Alex Gluchowski 28:05
18:20 State of the iOS application development for Ethereum dapps by Dmitry Bespalov 22:12

Room: Robert Faure

Start Presentation Duration
09:30 Opportunities and challenges of Blind and Offchain Computation: A step towards more privacy for your Web3.0 Doppelgänger by Sajida Zouarhi 16:00
09:50 [These times, they are a changing: The Supply Chain Trilemma by Tyler Mulvihill]()
10:20 Gnosis Safe 2019: Recovery & dapp interaction by Tobias Schubotz 27:49
11:00 No shit: a dapp with thousands of users and no ICO by Matias Nisenson 26:32
11:50 Lessons learned from making a Blockchain video game by Marie Franville 16:02
12:10 How NFTs on Loom Plasma Chain are pushing the next wave of crypto adoption by Nicolas Julia 23:49
13:10 Pantheon 1.0 by Rob Dawson 28:10
13:40 Uncle rate analysis and the impact of mining strategies by Vanessa Bridge 9:57
14:10 Opening up the Internet to all by Dr. Seven Waterhouse 20:05
14:25 Upgrade Driven Development with ZeppelinOS by Dennison Bertram 30:05
14:55 Build your DApp on a Light Client by Amaury Martiny 20:27
15:25 What is Ownership in a DAO? - The Tribute Network Case by Philippe Honigman 16:57
15:40 Holographic consensus, scalable DAO by Matan Field 28:14
16:10 Decentralized Capital Allocation via Budgeting Boxes by Daniel Kronovet 22:33
16:40 Magicians, Philosophers, and Cat Herders: Self-Organizing in a Decentralized Galaxy by James Pitts 18:51
17:10 Financing decentralized projects with a Continuous DAO by Thibauld Favre 27:16
17:40 The Path Towards Decentralized Governance & True Sovereignty by Griff Green 32:30
18:10 The Seven Principles of HumanWork DAOs by Yalda Mousavinia 24:47

Room: Amphi Abbé Grégoire

Start Presentation Duration
09:30 Modelling Securities on Ethereum - Challenges and Opportunities by Adam Dossa 51:01
10:00 Security Tokens: Building an open financial system by Corbin Page 22:05
10:20 From legal entities to digital ecosystem by Xavier Lavayssière 26:22
11:20 ERC1400: the evolution of a family of standards by Stephane Gosselin 24:49
13:00 Stablecoin Trends by Chris Hermida 28:08
13:30 Introduction to MakerDAO by Gustav Arentoft 35:39
14:00 How to keep track of your digital assets by Max Stein 23:06
14:25 Rotkehlchen: How a robin can help you manage your crypto and other financial assets by Lefteris Karapetsas 17:22
14:40 How onchain identity management could help mass adoption of security tokens by Luc Falempin 15:51
14:55 Update from the Swarm team by Daniel A. Nagy Questions 37:46
15:15 Liquidity for the tokenized world by Juan D. Mendieta 12:20
15:25 Impact IRL: effecting change and empowering people by Simona Pop 14:54
15:55 BridgeDAO - a smart contract in the control of the physical world by Tomislav Mamić 20:22
16:35 Keynote on Art & Blockchain by Vanessa Grellet and Kevin Abosch 18:42
16:55 Panel on art on blockchain by Vanessa Grellet, Fanny Lakoubay, Judy Mam & Kevin Abosch 1:02:00

Room: Jean Fourastié

Start Presentation Duration
09:30 NOCUST – A Non-Custodial 2nd-Layer Financial Intermediary by Arthur Gervais 17:13
09:45 Off-chain techniques for real-world smart contracts by Vincent Danos 31:54
10:35 Monoplasma - highly scalable, a one-to-many payments system for digital cooperatives and revenue 18:07
12:30 Lighthouse: a securityfocused Ethereum Serenity client by Mehdi Zerouali 31:40
13:00 The convergence of IoT and Blockchain by Angel Versetti 21:29
13:20 PISA - Accountable Third Party Watching Service for State channels by Patrick McCorry 23:52
13:35 PoS Validation: Social and Technical Attacks by Adrian Brink 41:24

Day 3 - Thursday March 7th 2019

Room: Paul Levé

Start Presentation Duration
09:15 The Current State of DApps by Fauve Altman 33:55
09:45 Living DAOs by Matan Field 27:05
10:30 Fixing Ethereum's Fragmented User Experience by Taylor Monahan 36:58
11:00 Oraclize 2.0 - 1M queries later, towards decentralization and onwards by Thomas Bertani 34:23
11:40 SafeSol, a safety-oriented Solidity fork by Albert Acebrón 26:52
12:55 Incubed - Scaling Access by Christoph Jentzsch 15:51
13:15 Conditional Tokens - Introduction to a new Asset Class by Stefan George [20:40
13:35 Towards fair data society by Gregor Žavcer 29:11
14:00 Infura & Web3 Infrastructure by E.G. Galano [46:32
15:00 Live Streaming: Ethereum's First Real World Disruptor by Raffi Sapire 21:20
15:20 Growing a compelling product with the help of blockchain at Brave by Ben Livshits 32:15
16:20 Challenges in Growing The Ethereum Ecosystem As A Community by William Mougayar 40:32
17:00 Open Source Mobile Money & Self-Sovereign Identity: The Future of Financial Inclusion by Fennie Wang & Caroline Dama 26:25
18:05 [EthCC Closing by Jérome de Tychey]()
18:25 CTF WINNERS ANNOUNCEMENT 11:25

Room: Jean-Baptiste Say

Start Presentation Duration
09:30 Blockchain Landscape in India by Karan Ambwani 17:43
09:40 Ion: A platform agnostic Interoperability approach by Chris Chung 23:36
10:00 Why Eth Devs are Doing Security all Wrong (and how it affects the user) by Nick Dodson 35:53
10:55 To Approve or Not To Approve? - Balancing between Security and User Experience by Stani Kulechov 10:41
11:10 Variants of Proof-of-Stake by Awa Sun Yin 30:16
11:40 [Counterfactual Contract Deployment with Create2 by Richard Meissner]()
12:10 Slither: A Static Analysis Framework For Smart Contracts by Josselin Feist 20:20
12:30 How Blockchain Ensure the Reliability of Data and AI by Kazuaki Ishiguro 20:21
13:35 Using Erays and Z3 to find vulnerabilities in Smart Contract by Bertrand Masius 21:56
13:55 Safety certification of Ethereum smart contracts by Dr. Petar Tsankov 21:52
14:20 Applications of Noncommutative cryptography in blockchains by Silur 22:49
14:45 LibSubmarine: Defeat frontrunners by temporarily hiding transactions on Ethereum by Lorenz Breidenbach 16:02
16:00 Bridging the Divide by Aqeel Mohammad 16:18
16:15 Meet Mappy, Happy, & Dappy: Personas For Blockchain Product Management by Benjamin Bollen 32:27
17:15 What is DApp security and how it should be done? by Pavlo Radchuk 20:53
17:40 State Channels With Counterfactual by Liam Horne 44:21
18:25 Lightning Talks Session hosted by Pascal Van Hecke (also see this list) 57:47

Room: Robert Faure

Start Presentation Duration
09:30 Practical Privacy: Why does privacy matter and how to solve it? by Lucas Vogelsang 36:56
10:50 dfusion — Using zkSnarks to scale arbitrage-free decentralized exchanges by Benjamin Smith 30:16
11:15 Publically verifiable private transactions - a deep dive into the AZTEC protocol by Zachary Williamson 43:33
12:15 HOPR - decentralized messaging beyond Whisper by Dr. Sebastian Bürgel 24:10
12:40 Schelling point based games and p+epsilon attacks by William George 33:13
13:55 Engineering Crypto Economic Incentives with Token Bonding Curves by Paul Kohlhaas 21:34
14:15 Are all tokens useless ? - Post-Ico Mania Tokenomics by Marc Zeller 23:28
14:45 Consensus and Finality in Polkadot by Robert Habermeier 30:34
15:30 A board game for designing the mechanism of a smart contract by Jean Millerat 14:16
16:10 ETH1x Roadmap AMA by Boris Mann 1:05:07
17:10 Fundamental Pricing of Utility Tokens by Julien Prat 26:02
17:40 How to implement inflation effectively in token design2 by Cassidy Daly 20:41
17:55 State Channel Networks by Tom Close 31:24
18:25 DAppNode:Untying the knots of decentralization by Eduardo Antuña 15:18
18:45 Scaling DApps and DEXs using zero knowledge proofs by Remco Bloemen 58:49

Room: Amphi Abbé Grégoire

Start Presentation Duration
09:30 Parametric insurance on the blockchain today and what's left to accomplish? by Alexandre Clément 18:08
09:50 Generalized Insurance Framework: A Linux for Decentralized Insurance Applications by Christoph Mussenbrock 23:32
10:10 The Legal Side of Decentralized Finance by Jacek Czarnecki 30:00
10:40 Venturing the decentralized future by Kavita Gupta 29:34
11:15 How ICO's invested your money in 2018 by Ankit Chiplunkar 22:16
11:45 Handing over the Melon protocol to the Melon Council by Jenna Zenk 21:57
12:05 The dxDAO - Governance of the DutchX by Christiane Ernst 36:48
13:30 TEX - Trustless and scalable exchange on layer 2 by Thibault Meunier 21:58
13:50 From successful ICO to a legal STO by Frank Brinkkemper 23:21
14:10 Regulation applying to STO by Arnaud Grunthaler 21:58
14:40 xDai and the dawn of stablechains by Igor Barinov 42:15
15:30 MixEth: efficient, trustless coin mixing service for Ethereum by István András Seres 17:03
15:50 XCLAIM - Interoperability with Cryptocurrency-backed Assets by Alexei Zamyatin 19:43
16:40 Business Development & Crypto: Breaking Out of the Bubble by Ashleigh Schap 26:24
17:10 Trustlines Network - Decentralized Currency Networks by Kristoffer Naerland & Jannik Luhn 22:02
17:30 Programmable equity as a Entry Point to Greater Security Token Adoption by SMEs in the Future of Work by Justin Ahn 46:49

Room: Jean Fourastié

Start Presentation Duration
09:30 Updates from ENS by Dean Eigenmann 8:34
10:00 The Future of Blockchain Oracles — What Decentralization Really Means by Adan Sanchez De Pedro 24:27
10:20 ENS 3-6 Character Auction and Permanent Registrar Update by Chris Remus 20:56
10:55 The Convergence of IoT and Blockchain by Vlad Trifa 29:28
11:25 The next generation interface combining AI x AR x Blockchain by Atsushi Ishii 20:07
11:55 How to integrate ENS into your dApp by Makoto Inoue 35:15
14:20 Meta - MetaMask: Integrating Layer2 in MetaMask for scaling, privacy and more by Dr. Vincent Eli 23:56
16:40 [Plasma in the wild - Our experience building and operating a Plasma chain by Johann Barbie]() slides
17:05 Enterprise DApp developer, technical challenges and tradeoffs by Vincent Le Gallic 22:43
Please post any corrections or additions below and I'll update the post.
submitted by alsomahler to ethereum [link] [comments]

How Twitter helps cryptocurrency trading

The social network Twitter has long been considered a key place for discussion of cryptocurrency topics both among experts and among ordinary cryptocurrency market players. Moreover, based on the mood of messages on Twitter, you can build a trading strategy that allows you to effectively earn on cryptocurrencies.
So, two companies – the eToro trading platform and the TIE analytic company – linked trading with Twitter analytics, resulting in the powerful TheTIE-LongOnly CopyPortfolio tool. How the new tool works, what role Twitter plays for the cryptocurrency industry, and what other ways traders have an analysis of the cryptocurrency community’s moods, we understand in detail the material.


A cryptocurrency portfolio that depends on tweets

Those who manage the cryptocurrency portfolio have the opportunity to put into practice what many had previously suspected: Twitter has become not only a storehouse of information and analytics for the crypto community, but also a pulse that cannot but correlate with what is happening with cryptocurrency prices.
EToro and TIE have launched TheTIE-LongOnly CopyPortfolio cryptocurrency portfolio for all types of investors. This tool is managed by eToro and is based on Twitter posts. This is especially interesting because, as stated in eToro, “unlike traditional assets, cryptocurrencies do not have fundamental factors – they do not have a stream of income, dividends or an indicator of debt burden.”
The minimum threshold for using heTIE-LongOnly CopyPortfolio is an investment of $ 2,000. At the moment, the initial assets in the portfolio include the following assets:


The fact that almost half of the portfolio is occupied by DASH suggests that the maximum high volume of positive tweets was observed on this altcoin in early October. At the same time, the composition of the portfolio is reviewed monthly, automatically and without human intervention, and eight more cryptocurrencies can be included in the portfolio – Bitcoin, Ethereum, Litecoin, Bitcoin Cash, NEO, Stellar, Zcash and Cardano (ADA).
The main criterion for the revision is the dynamics of sentiments on Twitter: if it shows an increase in positive moods on one of the coins, then it is included in the portfolio, and the other cryptocurrency, losing optimism on Twitter, may disappear altogether. The share of a digital asset is also determined solely on the basis of sentiments expressed in cryptocurrency tweets.

Twitter post analysis technique

Obviously, when analyzing the information flow on Twitter, messages must be carefully filtered using Artificial Intelligence (AI) and word processing using Natural Language Processing and messages from various scammers and bots. There are also about 80 popular words in the cryptosphere that are actively used, but have several interpretations. So, for example, the name of the DASH altcoin is similar to the pronunciation of the special Dash browser API.
As a result, companies have developed 30 different metrics that measure a particular tweet. TIE co-founder Joshua Frank noted that if there are a lot of tweets from Twitter accounts in a certain period of time, in which messages usually rarely appear, then we can talk about a custom campaign to promote some kind of cryptocurrency, and such tweets are not included in the analysis .
Of the more than 850 million tweets published daily, about 50,000 posts are about cryptocurrencies, which are grouped by certain types of digital assets. It should be borne in mind that half of them are messages about bitcoin. At the same time, TheTIE-LongOnly CopyPortfolio filters out more than 90% of tweets, which are an obsessive promotion of any cryptocurrencies, or scam projects, as well as message bots.
There is also a certain pattern in the crypto community, according to which the adherents of a certain asset often write (and almost always positively) about their token. Accordingly, for the analysis of moods, it is not the volume of such tweets in relation to the total number of messages about other digital assets that is used, but the change in moods relative to some cryptocurrency in dynamics over the past seven days.
The analysis method was developed for seven years by Social Market Analytics (SMA), a co-owner of TIE. The corporation has compiled a dictionary with 100,000 linguistic units, and based on the analysis of the content of tweets that were passed through the cull filter, Twitter messages are rated based on the Raw Sentiment Score system.
This process takes place almost in real time: only 300 milliseconds pass between the time a tweet is posted on a social network and the end of its analysis.

New tool shows excellent results

This tool has already been tested by TIE for a limited number of private clients, as well as hedge funds, but now thanks to eToro it has become available to the general public. Testing of the algorithm began in October 2017 and showed that for every dollar invested, the investor received a net income (i.e. minus commissions) of 213.7%. The return on invested funds in bitcoin over the same time turned out to be noticeably more modest – 41.1%.
At the same time, retrospective dynamics, for example, for the current year, shows that such a portfolio in January “lost weight” by 17%, and in February, on the contrary, rose sharply to 410%, once again showing that cryptocurrency trading remains a highly risky type of trading operations, especially at short time distances. It is no coincidence that eToro and TIE emphasize that they have a portfolio that focuses on a long-term strategy for working in the cryptocurrency market.

Research on the correlation of Twitter sentiment and cryptocurrency market

Of course, studying the dynamics of moods on Twitter can be built not only on the SMA technique. Research data can also be found on other sites, for example, on the sites Cryptoswarmanalytics.com and Bitinfocharts.com. However, the fact that crypto traders should study the mood changes on Twitter, indicates a number of studies.
So, scientists at Stanford University, Stuart Colianni, Stephanie Rosales and Michael Signorotti decided to test the hypothesis that tweets can correlate not only with changes in stock market indices, but also with a decrease or decrease in the price of bitcoin. It turned out that the accuracy of predicting the dynamics of the price of bitcoin by the clock in this case is 59%.
A group of scientists from a number of scientific schools in the United States also thought about the impact of social media on changing the price of bitcoin. As a result of the study, they came to the conclusion that social media is an important indicator of bitcoin profitability in the future. Meanwhile, experts from Sweden, Linus Roxberg and Simon Shadman, pay attention to the fact that when analyzing the moods on social networks, it should be borne in mind that most of the cryptocurrency trading takes place in Asian countries, which means that it is worth giving more weight to social media messages. this region.
At the same time, a study conducted by another Swedish scientist, Evita Stenquist and Jacob Lenne, rightly indicates that one of the key factors in the accuracy of predictive patterns in the behavior of bitcoin prices is an analysis of the relevance of tweets that fall into the forecast. At the same time, their test model showed high accuracy in predicting the behavior of the price of bitcoin depending on the mood of messages on Twitter – 83% of the forecasts were correct. And across the cryptocurrency market, the test model worked with a slightly lower probability of a successful forecast – 79%.
All this suggests that difficulties in building accurate predictive models arise even when analyzing the oldest cryptocurrency – bitcoin, and when you turn on various other cryptocurrencies, they can increase. In addition, along with an increase in the flow of funds from institutional investors, the correlation of tweets and the dynamics of the cryptocurrency market may weaken.
But for now, one can agree with what eToro experts say:
“People’s moods are the most important driver for cryptocurrency price movements.”
Meanwhile, there is a nuance in using the assessment of such sentiments on Twitter: despite the system of rejecting irrelevant tweets, the head of marketing at Rice University Utpal Dolakia fears that Twitter messages can be used quite easily by traders to “raise prices” of cryptocurrencies.

Google Trends and Bitcoin

We cannot but pay attention to the indicators of the frequency of requests for a particular cryptocurrency in Google. For example, the lack of bitcoin in the new eToro and TIE product looks logical, given the fact that recently Google Trends shows a low level of requests for the word “bitcoin”. However, here traders need to consider two nuances:
  1. First of all, you need to remember that the cost of altcoins is moving significantly in the same direction as the price of bitcoin, which means that even if you do not include the first cryptocurrency in the cryptocurrency portfolio, you still need to make a forecast of its value.
  2. Secondly, the dynamics of Google Trends shows that while on June 26, for the first time in a year and a half, the price of bitcoin reached $ 13,000, this day turned out to be the most record one in terms of the number of requests to Google for the word “bitcoin”. However, an increase in the number of such requests could be observed as early as June 8.

Index of fear and greed

In addition to the presented portfolio with built-in tweet analysis tools, as well as Google Trends, in your investment strategies you can focus on the cryptocurrency indicator of the fear / greed index (Crypto Fear & Greed Index). When this index shows a high level of “fear”, this means that there is an opportunity to enter the cryptocurrency market. If “greed” dominates, then the market is likely to go down. Of course, this is a common tool for an investor, without advice for buying or selling a particular cryptocurrency. But given that with the growth of the cryptocurrency market, the cost of bitcoin also goes up, this indicator can be used as one of the tools for building an investment strategy based on the oldest cryptocurrency.
It is curious that the “fear / greed” indicator relies only on moods on social media for 15%, as it also has other interesting components, namely:

Significance of the Bitcointalk and Reddit Platforms

It is worth noting that, in addition to Twitter, there are other social platforms where there is an active discussion of cryptocurrency topics, in particular, Bitcointalk and Reddit. Despite being inferior to Twitter in influencing the mood of the crypto community, the correlation of messages on these platforms would also be worth analyzing. Attempts to do this have already been made by Augmento experts, who noted that FOMO (fear of missed opportunities) is most pronounced on Twitter and the Bitcointalk forum, but to a lesser extent on the Reddit website. Moreover, the rise in the cost of bitcoin in the first half of this year, analysts associated with an unusually large manifestation of FOMO on Bitcointalk.

The main conclusion from the discussion of cryptocurrencies

The study of what they wrote in social media and in the media, including classic ones, about cryptocurrencies was devoted to a large-scale study conducted by Comparitech and covering the period from January 2017 to July 2019. The main conclusion that can be drawn from this analysis is that at all sites where they talk about cryptocurrencies, most of the messages and articles carry a positive tone.
And this allows us to make the following important conclusion: a consensus has already been formed in the world that cryptocurrencies are a phenomenon that will develop and become one of the main factors shaping the future of mankind. This means that in the long run, those associated with this market are doomed to success.
submitted by btcxlab to algotrading [link] [comments]

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