Package - Bitcoin - Web Socket Notifications

[For Hire] Crypto-Currency / Blockchain Developer -- Experienced and Professional


Just finished developing out a larger wallet platform, so thought I would throw this out there. Briefly, 38 year old Canadian, 19 years high paced and professional experience within online software, with 8 of those years being bitcoin / crypto-currency. I'm the type who knows the protocol inside out, key generation and management, the cryptography to generate addresses and sign txs, BIP32, multi-sig, the message protocol to communicate directly with nodes on the P2P network, etc.
Well versed with online security, and excellent at non-custodial wallet systems where every user gets their own BIP32 wallet and funds are user segregated. Have done dozens of these operations, everything including traditional exchange, P2P exchange ala Localbitcoins, multi-vendor marketplace, merchant payment gateway, secure web wallets, coin mixers, lottery site, block explorer, jobs board, eCommerce, and the list goes on. Can do anything in your imagination.
You can view details of a base system at: https://envrin.com/secure_wallet
Demo admin panel at: https://demo.envrin.com/admin/
For a better idea of who I am and my skillset, I created Apex at: https://apexpl.io/
And if you want an idea of how in-depth I go into the protocol, I wrote an article at: https://apexpl.github.io/bitcoin_cash_sv_abc_transaction_signatures.html
Speaking of that, can now offer full support for the Bitcoin Cash / SV / ABC protocols, plus any Bitcoin deratives. Don't have ETH just yet, but that can be easily added in if your operation requires it.
If you have the desire to jump into the crypto-currency / blockchain game, and need a comprehensive, secure and scalable solution for your operation, I'm your guy. More than happy to provide you with consultation, and answer any questions you have. Rate is $50/hour, and you may contact me any time via PM here, or e-mail at [email protected].
Thanks, and looking forward to hearing from you, and getting you setup with a quality crypto-currency operation.
submitted by Envrin to forhire [link] [comments]

Fore Hire - Crypto-Currency / Blockchain Developer -- Experienced and Professional

Just finished developing out a larger wallet platform, so thought I would throw this out there. Briefly, 38 year old Canadian, 19 years high paced and professional experience within online software, with 8 of those years being bitcoin / crypto-currency. I'm the type who knows the protocol inside out, key generation and management, the cryptography to generate addresses and sign txs, BIP32, multi-sig, the message protocol to communicate directly with nodes on the P2P network, etc.
Well versed with online security, and excellent at non-custodial wallet systems where every user gets their own BIP32 wallet and funds are user segregated. Have done dozens of these operations, everything including traditional exchange, P2P exchange ala Localbitcoins, multi-vendor marketplace, merchant payment gateway, secure web wallets, coin mixers, lottery site, block explorer, jobs board, eCommerce, and the list goes on. Can do anything in your imagination.
You can view details of a base system at: https://envrin.com/secure_wallet
Demo admin panel at: https://demo.envrin.com/admin/
For a better idea of who I am and my skillset, I created Apex at: https://apexpl.io/
And if you want an idea of how in-depth I go into the protocol, I wrote an article at: https://apexpl.github.io/bitcoin_cash_sv_abc_transaction_signatures.html
Speaking of that, can now offer full support for the Bitcoin Cash / SV / ABC protocols, plus any Bitcoin deratives. Don't have ETH just yet, but that can be easily added in if your operation requires it.
If you have the desire to jump into the crypto-currency / blockchain game, and need a comprehensive, secure and scalable solution for your operation, I'm your guy. More than happy to provide you with consultation, and answer any questions you have. Rate is $50/hour, and you may contact me any time via PM here, or e-mail at [email protected].
Thanks, and looking forward to hearing from you, and getting you setup with a quality crypto-currency operation.
submitted by Envrin to Jobs4Bitcoins [link] [comments]

QuadrigaCX: A history of suspicious activity

This is a compilation of everything suspicious I found with Quadriga. Please let me know if there’s anything incorrect or missing

Early History (2013-2017)
All account fundings are considered to be purchases of QuadrigaCX Bucks. These are units that are used for the purposes of purchasing Bitcoin or other cryptocurrencies. QuadrigaCX Bucks are NOT Canadian Dollars. Any notation of $, CAD, or USD refers to an equivalent unit in QuadrigaCX Bucks, which exist for the sole purpose of buying and selling Bitcoin and other cryptocurrencies.
QuadrigaCX is NOT a financial institution, bank, credit union, trust, or deposit business. We DO NOT take Deposits. We exist solely for the purposes of buying and selling cryptocurrencies.

Banking troubles throughout 2018

Period leading up to Gerry’s death

Gerry’s death and announcement

Chain analysis of the crypto trapped in cold storage

Formal Active Investigations

References:
Quadriga’s History
CCN Article listing suspicious activity
Court Documents
submitted by crashcow51 to QuadrigaCX2 [link] [comments]

Some news you may have missed out on part 49.

-Public servants must give up foreign nationalities or job, rules SC
The Supreme Court on Saturday directed the authorities concerned to set a deadline for dual nationality holders to either rescind their foreign nationalities or resign from their job immediately. Headed by Chief Justice Mian Saqib Nisar, a three-judge bench of the apex court announced its judgement in a case pertaining to public servants holding dual nationalities.
It directed the authorities to develop criteria and standard operating procedures (SOPs) requiring disclosure of intent to seek such foreign nationalities and permanent residence permits and adopt methods to check such instances and enforce penalties for no-disclosure.
-Pakistan has been elected as the Vice President and the Rapporteur of the Conference of Parties (COP) to the United Nations convention on climate change
Pakistan has been elected as the Vice President and the Rapporteur of the Conference of Parties (COP) to the United Nations Framework Convention on Climate Change, at COP 24 in Katowice, Poland. Pakistan was one of the two countries elected to the position from Asia-Pacific Group, by acclamation on December 15, a Foreign Office statement said. The other bodies in which Pakistan secured seats included the Executive Board of Clean Development Mechanism (CDM), Standing Committee on Finance (SCF), Adaptation Committee (AC), Consultative Group of Experts (CGE), and Technology Executive Committee (TEC).
-First ever ATM installed in North Waziristan
-COAS confirms death sentence to 15 hardcore terrorists
Chief of Army Staff (COAS) General Qamar Javed Bajwa on Sunday confirmed the death sentence awarded to 15 hardcore terrorists involved in heinous offences related to terrorism.
The terrorists who were tried and awarded capital punishments by special military courts were involved in attacks on the armed forces, law enforcement agencies, abetting suicide bombers in an attack on Christian Colony near Peshawar, destruction of educational institutions and killing of innocent civilians, according to the Inter-Service Public Relations (ISPR).
-Government to help in every possible way for PIA’s revival: minister
Federal Minister for Privatization Muhammad Mian Soomro has said that the PTI- led federal government will provide all possible help for the revival of Pakistan International Airlines (PIA), ARY News reported on Sunday. The federal minister visited PIA Headquarters and met CEO of PIA, Air Marshal Arshad Malik to get briefing about the current position of the organization.
“Government will help in every possible way for PIA’s revival,” adding it [PIA] is moving in positive direction now. Mr Soomro said government is committed to transform PIA into profitable organization as it was in the past.
-Gas supply resumed to CNG sector
Federal Minister for Petroleum Ghulam Sarwar Khan on Saturday announced that the supply of Compressed Natural Gas (CNG) was estored in Karachi and Sindh at around 8PM. ddressing media in Karachi alongside Governor Sindh Imran Ismail, the petroleum minister said that the days long crisis will be over as the supply was restored to CNG sector at 8PM.
-“Japanese firms to invest in Pakistan’s steel, baby formula milk industries”
Adviser to Prime Minister on Commerce, Textile and Industries Abdul Razak Dawood said that officials from major Japanese firms are scheduled to visit Pakistan next month for making investments in country’s steel and baby formula milk industries. Speaking at a press conference, Dawood informed that last month Japanese companies assured to invest in Pakistan during the bilateral trade talks in Japan. He said a delegation of Japanese companies, manufacturing steel and baby formula milk, will be visiting Pakistan after January 15. Moreover, the Japanese government also promised to allocate skill development and technology development funds for small industries in Pakistan, the PM adviser said.
-Aleem Khan vows initiate large-scale development projects in Punjab
Punjab Senior Minister Abdul Aleem Khan on Sunday vowed to initiate large-scale development projects across the province on emergency basis. Talking to journalists at Punjab secretariat, Aleem Khan said the Pakistan Tehreek-e-Insaf government will soon devise policy to regularize the slums in the province. He said that provision of potable water to every locality is government’s responsibility and added that their party will fulfill all the promises made with the masses. The minister also listen public complaints on the occasion and said that the government will not make any compromise on public issues. He said that 908 complaints have been registered so far at the public secretariat and added that out of 815 complaints had been addressed.
-CPEC to increase Pakistan GDP growth by 3%
Muhammad Saleem Acting High Commissioner (HC) of Pakistan while speaking at Belt and Road Initiative (BRI) conference arranged by Carleton University said through CPEC Pakistan will become an energy secure country and its GDP growth will increase by 2-3pc. He said early harvest energy and infrastructure projects, created 40,000 local jobs and the new projects will usher into an era of development and prosperity.
Speaking on the occasion, Chinese Ambassador to Canada, Mr. Lu Shaye said that BRI is not a geo-political tool but it is a new approach to international development and prosperity and it aims to advance economic and trade coordination among regional countries. A large number of academics, diplomats, media persons, businessmen and students attended the conference.
-Yet another mini budget on cards from PTI government
Yet another mini budget is on cards from the PTI government in a bid to bridge the gap of the increasing revenue shortfall. Federal government is considering major revenue measures including raising the GST rate on POL products, slapping tax on the telecom companies, reversing the tax relief for salaried class by 50 percent and increasing the tax rate on cigarettes by reviewing the existing third tier taxation system. The jacking up of additional custom duty by 1 percent is also among the proposals floated by the FBR to achieve the revenue targets. The Federal Minister for Finance Asad Umar is currently visiting abroad so after his return the government could take final decision on finalising additional revenue measures to bridge the yawning revenue shortfall within the next couple of weeks.
-In a historical move, Smart Cards replace old registration books in Punjab
Punjab government starts issueing smart cards as replacement of vehicle registration books from tomorrow to facilitate the citizens. According to sources at Punjab Excise Department , all arrangements for the new registration system have been finalized. The source said the machines procured for the smart cards can prepare nearly twenty-two thousand cards daily.
-PM Imran Khan issues stern instructions to FIA, crackdown on cards across country in next 24 hours
Prime Minister Imran Khan on Sunday has issued stern instructions to the Federal Investigation Agency (FIA). FIA has been ordered to keep its offices 24 hours open in Karachi while teams were formed for action against bitcoin and sell of illegal cards of foreign tv channels. Earlier on November 30, Prime Minister Imran Khan had directed the concerned authorities to finalize a new legislation to effectively deal with the offences related to money laundering.
-Russia expresses desire to enhance trilateral partnership with Pakistan, China
Alexey Y Dedov, the ambassador of the Russian Federation in Pakistan, hailed the move of the South Asain giant to open the Kartarpur Corridor for Sikh pilgrims in India. According to details, the envoy, speaking at Pakistan Institute of International Affairs on the topic of “Russia’s Stabilising Role in South Asia”, stated that Pakistan’s decision of opening Kartarpur border shows the country’s commitment towards peace and stability in the region. He further appreciated Pakistan’s military crackdown against militants present inside its border under the operations of Radd-ul-Fasaad and Zarb-e-Azb.
-Canadian diplomats laud Pakistan as attractive tourist destination
A ten-member delegation of Canadian Embassy Islamabad Saturday visited the archaeological sites in Takhtbhai and evinced keen interest in the historical remains of Gandhara civilization. The members of the delegation in their comments on the occasion held Pakistan an attractive tourist country. Pakistan is a peaceful country and its people are peace loving and hospitable, they added.
-Pakistan Railways announces to launch VIP trains across Pakistan
Pakistan Railways minister stressed that steps are being taken to improve the standard of Pakistan Railways and to provide maximum relief to the people. “New passenger and freight trains will be inaugurated soon including a new train between Lahore and Rawalpindi,” he announced. Sheikh Rashid invited the private sectors to contribute in the development of railways, adding that VIP trains will be launched soon with the collaboration of private partners.
-Pakistan emerging as favourite tourist destination for French and European tourists
Pakistan is emerging as favourite and preferred tourists destination for French and European tourists, it has been revealed. More and more French and European tourists are opting for Pakistan as a ‘preferred destination’ for tourism purpose, Radio Pakistan reported.
According to details, the representatives of the top tour operators of France called on Ambassador of Pakistan to France Moin ul Haque in the French capital for a debriefing session. The representatives of French tour company recently visited Pakistan in September on a two-week long trip. They prepared their separate presentations to brief the Pakistani ambassador about their journey which gave them first-hand experience of tourism potential of Pakistan.
-Russia to support Pakistan in economic challenges: Ambassador hints at renewed pledge
Ambassador of Russia , Mr. Alexey Dedov has expressed Russian desire to enhance economic ties with Pakistan. The Ambassador of Russia remained with the Governor Sindh for sometime and discussed matters pertaining to mutual interests particularly on partnership in economy, trade and finance. The Ambassador said that Russia welcomes the determination of Pakistani Government to promptly respond to economic challenges of the Country and energy crisis.
-For the first time in history, Pakistan and Hollywood to come up with an interesting joint venture
Paksiatni directors and Hollywood filmmakers are collaborating for the very first time in history. The acclaimed filmmakers from the East and the West are working together on a supernatural thriller titled Djinn. A new production house ‘Wingman Films’ is going to mark an entry with this multicultural concept venture.
Pakistani producer Ali Murtaza, who is also working on "The Legend of Maula Jatt" these days, shared the details of upcoming venture Djinn saying that the movie will be based on a 17-year-old hero from Pakistan’s northern areas who will be struggling to recover ‘lost stones’ and keep the world from being taken over by djinns. Due to this reason, the show will be featuring episodes from the US and China in its first season.
-PM may set up poverty alleviation unit at his office
Prime Minister Imran Khan may set up a poverty alleviation unit at his office, to be headed by a special assistant, for implementing a new broad-based strategy to pull millions of people out of poverty. About 16 government and semi-government organisations will liaison with the office of special assistant on poverty alleviation and social protection, said sources in the PM Office.
-Govt finalises 5-year tariff policy
Adviser to Prime Minister on Commerce, Textile and Industries Abdul Razak Dawood has announced that the government has finalised a five-year national tariff policy aimed at restricting duties on raw material and machinery imports for export-based industries. “We are making efforts to rationalise certain taxes and regulatory and customs duties,” he said. “At present, there exists roughly 34 different taxes and the government is planning to reduce them to 12 or eight in the next couple of years.” It would assist the leadership to remove a key impediment in the way of ease of doing business, the adviser emphasised, adding that he was well aware of the challenges faced by the business community regarding tax slabs and tariff lines.
-Number of taxes to be reduced from 34 to eight for ease of doing business: Razzak Dawood
The business community is suffering a lot in shape of multiple tax slabs and tariff lines. The government is working to rationalize taxes, regulatory and customs duties, Adviser to the Prime Minister on Commerce Abdul Razzak Dawood said while addressing the ‘Emerging Pakistan’ ceremony organized by the Rawalpindi Chamber of Commerce and Industry (RCCI). There are around 34 different taxes and the government is planning to shrink to 12 or eight in next couple of years, he said, adding that this would help in meeting the challenge of one core impediment in ease of doing business. He said that the government had finalized the five-year national tariff policy to bring down tariffs on raw material and machinery imports for export-based industries.
-Services exports jump 14.28pc, trade deficit falls 49pc in October
The services exports from Pakistan surged by 14.28 per cent to $470 million in October, as compared to the exports during the same month of the previous year.
The trade deficit of services also fell sharply by 49.05 per cent during the month as it decreased to $195 million against the trade deficit of $382 million in the same month of previous year, according to latest data of Pakistan Bureau of Statistics (PBS). The imports of services declined by 16.25 per cent to $665 million in the corresponding month as compared to import of $794.02 million in October 2017. Meanwhile, the trade deficit of services during first four months of current fiscal year (2018-19) also shrank by 33.75 per cent as exports increased by 2.13 per cent and imports fell by 15.47 per cent during the period, as compared to the period from July-October of 2017-18.
-Govt to promote Pakistan-made furniture at international markets
Advisor to Prime Minister on Commerce, Textile and Industrial Production and Investment, Abdul Razak Dawood, Sunday said that the government was taking all possible measures to promote Pakistan-made products at local and international markets and special incentive packages would be given to strengthening manufacturing in furniture sector to boost the exports. The advisor was speaking at the prize distribution ceremony at the concluding day of 3-day “Interiors Pakistan” international exhibition at Expo Center, organised by Pakistan Furniture Council (PFC). Dawood also appreciated PFC Chief Executive Mian Kashif Ashfaq for holding a successful exhibition and said PFC deserved appreciation for promoting the culture of local brands to strengthen the national economy.
-Economic revival, industrial boost top agenda of govt: Usman
Prime Minister’s Special Assistant on Youth Affairs Usman Dar Sunday said that economic revival and boosting industries were the top agenda of the present government and all-out efforts were being made in that regard. In a meeting of surgical instruments’ manufactures and exporters in Sialkot, Dar said that PTI government was taking the business community and other stakeholders on-board for economic progress and development. Punjab Minister for Special Education Ch Muhammad Ikhlaq, SIMAP Chairman Khalilur Rehman Mughal and Muhammad Jehangir Bajwa were also present.
-Govt Likely to Allow More Than One Duty Free Phones for Overseas Pakistanis
After facing strong criticism, as well as concerns from the overseas Pakistanis on new mobile import policy, the government is considering revising the policy and may allow at least two duty free phones.
-SBP Orders Installation of CCTV Cameras at Exchange Companies to Curb Money Laundering
The State Bank of Pakistan (SBP) is planning to tighten the monitoring of exchange companies through CCTV cameras in order to curb money laundering and terror financing in the country. The central bank said that the directives regarding the monitoring of exchange companies are mandatory for continuing their business in Pakistan.
-PIA takes multiple initiatives to come out of huge losses
Air Marshal Arshad Malik apprised the Aviation Minister about the current management initiatives such as reopening of routes, new destinations being planned to increase the airline’s network, improvement in food service, scheduling, and cost savings.
-Pakistan Economic indicators start to take 'u turn' towards positive trajectory: Report
Various stats and figures.
-Punjab's first Vehicle Registration Card or Digital Vehicle Smart Cards by the Excise and Taxation Department being Printed on site
-Pak China Steel Mill inaugurated at Port Qasim
A joint venture of Pak-China, Jianbang Group of China and a well-established of Pakistan has installed a first ever pig iron plant at Port Qasim Karachi, which is now inaugurated. The plant is now operational, as per the information the inauguration of this mill has been done on December 2018, there was big presentation of media at the event. The inauguration is done by the Chairman of Jianbang Group, Mr Wu Xianonian, whereas the partner of Pak China Steel, Mr. Lee Feelix as well as the directors Mr. Jam Asif and director Mr. Mustafa Dawood and Head of Marketing Mr. Sheharyar Khan hosted the event, Production capacity of the plant is 8000 tons per month total, at the current the stage company is only producing is 5000 tons.
-Islamabad Police To Reward Citizens Over Good Driving
Good Citizen Patrol Team will observe the drivers in Islamabad Capital Territory. Islamabad (Pakistan Point News – 15th December, 2018) The Islamabad police will now reward the citizens over following traffic rules. Minister of State for Interior Shehryar Afridi launched the Good Citizen Patrol Team on Saturday. The patrolling team will observe the drivers in Islamabad Capital Territory. Not only that, they will give some reward to the good drivers in Islamabad.
submitted by FashBasher1 to pakistan [link] [comments]

ARENA MATCH SKILL-BASED GAMING (ESPORTS)

ARENA MATCH SKILL-BASED GAMING (ESPORTS)

https://preview.redd.it/znrtbqfnzf931.png?width=594&format=png&auto=webp&s=5bfe15da9cb46fef1cc9dc89148d2bf7e800a6ba
The genuine pith of blockchain and digital money is to circulate basic leadership powers from focal specialists and enormous powerhouses through decentralization. One of the additionally fascinating highlights of digital money is that it can't be constrained by any go between or specialists.

On stages like Bitcoin organize where the structure is shared, the exchange of genuine worth does not require the commitment of any focal power, since trades are endorsed by a conveyed set of excavators that exist on the framework. Tragically the idea of decentralization which exists as the premise of digital money has not been totally embraced in cryptographic money trades.

Larger part of mainstream trades with monstrous exchanging volumes are structured on unified system instead of on decentralized structure. A stunning data was uncovered by crypto Trader named Silvain Ribes, where he accepts that far above $3 billion of all crypto resources' volume are manufactured and incredible and that OKex, which is the main trade appraised by volume is the primary guilty party with up to 93% of its volume being phony.
The present Arena Match model gives clients the capacity to store fiat (money) through our installment entryway accomplice, however with any customary financial frameworks, there are expenses, postponements, and constraints that a blockchain arrangement would dispose of. Redesigning our installment framework to help a decentralized Ethereum-based utility token AMG will significantly expand utilization while wiping out conventional expenses, postponements and constraints.
The formation of Arena Match Gold incorporates consistently with our esports application that will be legitimate in most of the United States and over 80% of the world. We will in any case offer fiat stores were accessible for conventional clients. In any case, we go for AMGold to turn into a standard token for the esports and gaming environment, a biological system upheld by Arena Match.
Arena Match is an up and coming esports gaming application that will enable people to wager and contend in Skill Challenges (player versus house), day by day high score leaderboards, straight on (1v1 duels), group versus group and Battle Royale FFA (free for all) matches for well known online amusements, for example, PUBG (PlayerUnknown's Battlegrounds), Fornite, Apex, and CS:GO (Counter­-Strike: Global Offensive).
AMGold "Arena Match Gold" will be utilized as our essential money for advantage buys and esports expertise put together wagering with respect to well known PC amusements.
Our Intention: AMGold will fill in as an utility token making a decentralized, network driven virtual economy. A severe breaking point of 100 million or less AMGold will be made, never to be expanded.
The Burn: Every quarter, we will crush AMGold dependent on the exchange volume of our esports application which will keep on diminishing the flowing supply extra time uncertainly. (Like the fruitful Binance BNB utility token model).

Token: Arena Match Gold
Symbol: AMG
Protocol: ERC-20 Ethereum Network
Decimals: 18
Soft-cap: 5 million AMG to be Sold / Swapped
Hard-cap: 75 million AMG to be Sold / Swapped
Minimum Contribution: 0.1 ETH
Starting IEO Rate: 1 AMG per 0.0005 ETH
Visit the link below for more information
Homepage: https://arenamatch.com/
Whitepaper: https://arenamatch.com/whitepaper
Linkedin: https://www.linkedin.com/company/ethersportz/about/
Twitter: https://twitter.com/ArenaMatchGold
Facebook: https://www.facebook.com/ArenaMatchGold/
Telegram: https://t.me/ArenaMatch
Instagram: https://instagram.com/arenamatchgold
Medium: https://medium.com/@ArenaMatch
BOUNTY0X USERNAME: CRYPTOMONEYLEE
submitted by cryptomoneylee to BountyICO [link] [comments]

Intellectual honesty? Bitcoin calls Litecoin a Pyramid Scheme

Bitcoin calls Litecoin a Pyramid Scheme
Since the aforementioned reasons mean Litecoin has no future potential, it effectively functions as a pyramid scheme, rewarding those who get in sooner at the expense of those who adopt it just before it finally fails (and are left with nothing). This is not the case for Bitcoin, since it has significant potential to become a long-term currency and continually be beneficial to adopters no matter when they begin using it.
Seems like an inaccurate statement, but despite seeing multiple requests in the discussions section to remove this criticism, it's still there. Litecoin neither qualifies as a Pyramid Scheme nor as a Ponzi Scheme:
Pyramid Scheme And I quote
As its name indicates, the pyramid scheme is structured like a pyramid. It starts with one person - the initial recruiter - who is on top, at the apex of the pyramid. This person recruits a second person, who is required to "invest" $100 which is paid to the initial recruiter. In order to make his or her money back, the new recruit must recruit more people under him or her, each of whom will also have to invest $100. If the recruit gets 10 more people to invest, this person will make $900 with just a $100 investment.
Litecoin doesn't promote itself as an investment opportunity, nor does it require people to recruit other people in order to secure "residual income." There is no recruiter and there is no kick-up to the top. Ultimately, even if Litecoin is a bad idea, it still does not qualify as a Pyramid Scheme.
Ponzi Scheme
  1. A fraudulent investing scam promising high rates of return with little risk to investors.
  2. The Ponzi scheme generates returns for older investors by acquiring new investors.
  3. This scam actually yields the promised returns to earlier investors, as long as there are more new investors.
  4. These schemes usually collapse on themselves when the new investments stop.
Note that for it to be an actual Ponzi Scheme, it would have to pose as an investment opportunity promising a high rate of return. Litecoin doesn't promise that, nor is it intended to be an investment opportunity. There is a big distinction between a bad idea and a Ponzi Scheme. If people invest in something inherently flawed, they do so at their own risk and nobody is promising them any returns. The same is true for Litecoin: it's designed as a digital currency and not as an investment opportunity.
It's quite disheartening to see this kind of criticism going coming from the Bitcoin wiki when we've seen so many similar claims. Even the Bitcoin wiki offers similar defense against people labeling it as a Ponzi Scheme:
Bitcoin describes itself as an experimental digital currency. Reuben Grinberg has noted that Bitcoin's supporters have argued that Bitcoin is neither a security or an investment because it fails to meet the criteria for either category. Although it is a virtual currency, some people see it as an investment or accuse it of being a form of investment fraud known as a Ponzi scheme. A report by the European Central Bank, using the U.S. Securities and Exchange Commission's definition of a Ponzi scheme, found that the use of bitcoins shares some characteristics with Ponzi schemes, but also has characteristics of its own which contradict several common aspects of Ponzi schemes.
So let's be intellectually honest and not label Litecoin a Pyramid Scheme or a Ponzi Scheme simply because we find it inferior to Bitcoin. Please stand up for intellectual honesty and expect a higher standard of intellectual discourse from the Bitcoin community.
[EDIT] Sorry for the title, I didn't think it would cause such a negative response nor did I think that it would feed the trolls, but I guess it did. Anyway, I hope that the merit of the post is not lost.
submitted by btcthinker to Bitcoin [link] [comments]

Aircoins Partners Mega Thread

Welcome to the Aircoins Partners Mega Thread
Here you will find Important info on our partners such as brief descriptions, Websites, Social Media pages, and exchanges. This list will continue to be updated as we add more partners.
Linda (LINDA)
Lindacoin is a peer to peer hybrid digital currency. It creates utility products that allow Linda to be used in everyday scenarios. It also offers partnership opportunities to other cryptocurrencies to use the Lindacoin platform. As the Linda wallet technology evolves, we strive to simplify the processes of staking or masternode ownership as well as improve your overall wallet experience.
Website
White Paper
Coin Market Cap
Reddit
Twitter
Discord
Telegram
Exchanges:
CoinExchange
Cryptopia
Stocks.Exchange
BTC-Alpha
C-CEX
Graviex
SimpleSwap
Nanex
BitFlip
Action Coin (ACTN)
The Action Ecosystem is designed to be a fully user-incentivized system where all constituent entities function in a manner that ensures optimum value creation for all members of the action community. This represents a paradigm shift in the social media and cryptocurrency landscape that greatly encourages individuals to actively participate in social engineering activities while rewarding them for doing so.
Website
White Paper
Twitter
Telegram
Facebook
Instagram
Exchanges:
Stocks.Exchange
BITSSA
Original Crypto Coin (OCC)
OCC is an easy to use, open source, Ethereum based ERC20 token designed specifically for new crypto enthusiasts. Freely available for use in other crypto projects. Cryptocurrencies can be confusing for people that are new to blockchain technology. Original Crypto Coin (OCC) was designed to be a cost effective and straightforward way for new users to get familiar with basic crypto transactions like transferring and using a wallet. Have your own blockchain project in mind? Instead of generating a new token for your next idea and cluttering up the crypto community with another token, incorporate OCCs into your own apps, games or other cryptocurrency projects.
Website
White Paper
Reddit
Twitter
Telegram
Facebook
Instagram
Youtube
Exchanges:
ForkDelta
Mercatox
BarterDEX
DDEX
Enclaves DEX
Token Jar
Boa Exchange
Ecex
Reddcoin (RDD)
Reddcoin makes digital currency easy for the general public. By integrating a digital currency platform seamlessly with major social networks, sending and receiving tips and micro-transactions are cheap, fast and rewarding for everyone. For Fans: Show support to content creators and the people in your online community by tipping them RDD digital currency they can spend however they like. For Content Creators: Accept Reddcoin on your social media channel as a revenue channel that you can save or spend quick and easily.
Website
Coin Market Cap
Reddit
Twitter
Telegram
Facebook
Exchanges:
Bittrex
ShapeShift
Upbit
Cryptopia
FanFare (FAN)
FAN is an inventive content-sharing ecosystem to connect brands and users easily through consumer-generated shoppable videos using smart contracts and a common currency.
Website
White Paper
Bitcoin Talk
Twitter
Telegram
Facebook
Instagram
Youtube
ICO ends October 31st
Apollo Currency (APL)
Utilizing a community of world-class developers, managers, marketers and researchers, the Apollo community, backed by the Apollo Foundation, has set out to accomplish the goal of making Apollo the most technologically advanced, feature-rich currency on the market. The Apollo Foundation understands the demands of a top tier cryptocurrency and they believe they can create a coin that will integrate everything necessary to replace the current currency options. Having started from NXT, a proven cryptocurrency, the Apollo Foundation will continue development with the goal of being first all-in-one cryptocurrency, innovating and incorporating every ability that could be beneficial in a digital currency, all in a single decentralized platform. The first major update, Olympus Protocol, puts mass adoption-proof privacy at Apollo's core. This is because the Apollo Foundation knows the ability for a user to buy, sell, trade and send in absolute secrecy is vital in an industry that could be moments away from intense regulation. The Apollo team is here because they believe the only person or entity that should be in control of your funds is you.
Website
White Paper
Coin Market Cap
Twitter
Telegram
Facebook
Instagram
Exchanges:
IDAX
CoinBene
Skeincoin (SKC)
Skeincoin is a peer-to-peer version of digital assets maintaining a consensus mechanism based on the SHA3 hashing candidate Skein. Skeincoin has a fast blocktime, which results in faster transaction time and uses a flexible and energy efficient hashing. By following Bitcoin's development all technical features developed for the Bitcoin network are introduced in the Skeincoin network, resulting in almost instant transactions with ultra low costs. The original team merged with new members to form the Skeincoin foundation and reboot Skeincoin, continue the development and take the next steps to utilize Skeincoin's potential. The Skeincoin foundation is now developing the blockchain ecosystem whilst the newly formed legal entity, Skeincoin Ltd -registered at Belarus' High Tech Crypto Park in Minsk - holds responsibility for business planning and contracts.
Website
Coin Market Cap
Twitter
Telegram
Facebook
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PACcoin ($PAC)
Introducing $PAC, a third generation cryptocurrency that is focused on four key factors: Community Charity Content Choice PAC is a community driven successor to Bitcoin, incorporating various improvements such as a two-tier incentivized network, known as the Masternode network. The major aim of $PAC is to become the most efficient and user-friendly cryptocurrency that is available globally. Our network features double-send proof transactions and transaction history that is erasable in terms of receiving funds. $PAC works using the principle of decentralization whilst upholding the belief that our community is the face of the coin.
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Cryptopia
Yobit
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Diamond (DMD)
Diamond (DMD) is a digital currency that puts the power back to the people by facilitating transfer of value anywhere in the world instantly, securely and at near zero cost without the need for a centralized trusted third party. This modern age rewarding monetary system with its network protocols, infrastructure and services creates sustainable economic opportunity for all.
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Phoneum (PHM)
Phoneum's mission is to provide equality to all by simplifying the mining process. While the meteoric growth of the cryptocurrency market and increased media buzz was high buzz was high at the end of 2017, mainstream adoption and acceptance of cryptocurrencies has just begun. Phoneum, as an all-in-one solution, is well positioned to address the public's interest. What makes Phoneum unique, is the custom algorithm and blockchain structure that delivers a truly mobile-only mining solution and simplified user interface which does not require technical skills to deploy. Phoneum seamlessly integrates into users daily mobile device usage, enabling them to mine and support the advancement of this disruptive technology while not disrupting the everyday usage of their device. It is a new, scalable model of mining that harnesses the power of ubiquitous smart devices globally, requiring lower energy consumption with significantly less impact on the environment than current cryptocurrency mining models.
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ICO ends Sept 30th
HTMLCOIN (HTML)
Htmlcoin is not just a cryptocurrency, but a new, secure blockchain based on Bitcoin Core that integrates Ethereum based smart contracts. It implements an extendable design that can add more virtual machines (VM) than other blockchain platforms. Enabled through an Account Abstraction Layer, the Htmlcoin platform allows an account-based VM to function on a Bitcoin UTXO based blockchain. Htmlcoin is not an ICO. It is an established crypto coin that is expanding to become a blockchain platform for multiple coins, smart contracts, and distributed applications. It is developed, supported, and promoted by the Htmlcoin Foundation, which has not only designed a new blockchain platform based on the best characteristics of Bitcoin and Ethereum, but has expanded it to include the positive attributes of network technology stacks from the likes of QTUM and ARK. Essentially, Htmlcoin is a hybrid of some of the best and most innovative technologies of the crypto world, making it a premier coin and blockchain platform with the potential to become an industry leader.
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Fatbtc
HitBTC
Bleutrade
Trade Satoshi
CoinExchange
Crypto-Bridge
Social Send (SEND)
Social Send is a blockchain project advancing cryptocurrency into social networks. SEND has created a simple and universal integration system with end result user experience in mind. Sending and receiving funds on any social network is now achievable with only a novice level of expertise. It is so easy the user may not even realize they are utilizing blockchain technology. SEND’s goal is to be the catalyst that takes cryptocurrency into the hands of the masses.
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Bitcoin W Spectrum
BWS is a community-based project, aiming to address the inherent problems plaguing Bitcoin and other cryptocurrencies. Understanding the importance of anonymity as well as usability, BWS provides a 8MB block size that results in close to instantaneous transaction times.
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BitCoin ONE (BTCONE)
BitCoin ONE is a community driven project Decentralized meaning no state or company is controlling it, the Ecosystem is based on people helping out in marketing, support & development. We are developing projects with a use case, that be Wallets and Mobile Crypto apps. We have a good set of core values. We even have a pool with 2 million BTCONE / 2 million B1P allocated for charity projects. This is to be distributed to 40 different projects around the globe. Projects that stands out and help local community to benefit from the New Blockchain Era. Further we are social and have an online presence and are also doing Meetups to grow the community. Furthermore team members are attending 5 2018 Blockchain Summits / events. We have hands on what is going on in the scene.
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Lamoneda (LMDA)
Lamoneda is coming up with a project to disrupt, revolutionize and sanitize the event ticketing industry by employing the potency of the blockchain and ethereum technology to develop a SmartTicket system for all events held near you. The project is being developed to provide a peer-to-peer, decentralized platform where SmartTickets carry special properties which are meticulous in smart contracts, that are not available on any centralized traditional event management ticket sales system. Our vision at Lamoneda is to excel at providing global platform wherein event ticketing FRAUD is ELIMINATED in its entirety, so that everyone is able to purchase tickets at a fair price, for their choices of events. Lamoneda will be a transparent and accountable event ticketing system that will provide additional benefits to event organizers/hosts, artists, fans etc.
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ICO concluded, Exchanges to be listed.
Lightyears (LYS)
LYS Token is structure for the future of airlines traveling rewarding system that is built on top of the Ethereum block-chain. It will replace conventional purchasing method , By speeding up the process with no middle man fees and advertisement in our develop user friendly application , while at the same time improving airlines customer experience . Lightyears (LYS) Token serve as a utility Token , A reward system for purchasing airline’s tickets. Our platform will rewards users when they purchased tickets thru our platform with a cheaper rate unlike other agent/service . We are on going developing a brand now product for assisting future Blockchain developers and new exchange . Token holder’s able access their LYS Token between various services like transfer of asset through the application , Our future development will have more integration into games, online store and etc. LYS Token will be the future of decentralized peer-to-peer digital Asset with Real-Use Cases.
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ICO starts September 14th
MAKEAFOLIO (MAF)
The cryptocurrency space can be a scary and intimidating place, especially with the volatility of the market. With this in mind, MAKEAFOLIO, INC. was formed to create an easy, accessible, and educational experience in one convenient location that welcomes users of all experience levels. The goal is to introduce a platform that not only makes acquiring cryptocurrency easy, but also teaches users the skills to help them expand their portfolio and navigate the market more effectively. Common mistakes, such as lack of research and patience, losing Private Keys, sending cryptocurrencies to the wrong address, chasing a “bull-run”, Fear Of Missing Out (FOMO) on an opportunity, and lack of patience can cause newcomers to feel overwhelmed and discouraged. Using the Makeafolio platform will guide each user through specific courses to help avoid such mistakes and make users feel more comfortable about the market.
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ICO currently live
Netkoin (NTK)
Netkoin proposes an ecosystem designed to change the way customers perform their shopping and help businesses to advertise and drive customers to their stores. The Netkoin ecosystem includes: Netkoin (NTK) is an ERC20 token based on the Ethereum blockchain. The NTK token will be used to power Netkoin’s universal rewards system on Netkoin’s location based mobile application and business management platform. Netkoin’s location based mobile advertising application aims to make retail shopping relevant and rewarding for customers based on their location. The mobile application will contain numerous features and filters in order to provide the customer with a personalized retail shopping experience, while maintaining the highest level of user’s data security and privacy. Netkoin’s business management platform will be utilized by retail stores to enable business owners to manage their stores advertising on the Netkoin mobile application. Businesses can integrate their store’s social media content, providing them with a single place of advertising their businesses content with shoppers. Therefore reducing content marketing management by the retail business marketing team.
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Exchanges:
Mercatox
IDEX
Photon (PHO)
Photon is the ultimate"micro payment"currency- In Game coin. It is actively traded, exchanged, distributed and mined. Currently, Photon is a play reward in third party games: We pay for every kill in prevailing games such as Fortnite, PUBG, Battlefield 1, 4 and 5, CSGO, Rust, TF2, Insurgency and Apex Legends. Photon’s primary usecase is the lead of 6 Blakestream coins accepted for payments, upgrades, and used for rewards in our in-house MMO games: BattleGrip and BlakeZone. Photon pays to play!
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Cryptopia
C-Patex
RPICoin (RPI)
RPICoin is an open source crypto-currency founded in May 2018. Our very first Blockchain was forked from the Blackcoin source focussing on being an Energy efficient Proof of Stake (PoS v3.0) coin. I’m very happy to announce that we will soon upgrade the entire codebase to implement many new features such as: Zerocoin Protocol for additional Privacy, up-to date HD Wallets including Multisig and the ability of using Masternodes next to our current PoS 3.0 mechanism.
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eBoost (EBST)
eBoost is a cryptocurrency that can be used for gamers to trade in game items, sponsor eSports tournaments, as well as integrate into mobile games for in game purchases. eBoost builds a platform that takes the stress out of eSports and allows members from all walks of life to have a single currency to use in eSports. This allows gaming to be seamless, fun, and integrate accountability via blockchain in eSports.
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Teen Coin (TEEN)
Teen Coin is for fun, games, and is to create knowledge and awareness of cryptocurrency among the teens, and the people of today. It helps people learn about the blockchain without losing tons of money or stressing about the technology. This project is designed for having and creating fun and games while also learning and using blockchain technology as a cryptocurrency.
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Vipstar coin (VIPS)
"VIPSTARCOIN (VIPS) is a cryptocurrency originated from a community called 'VIP' in 5channel, the largest Japanese textboards. VIPS is currently being developed by a volunteer programmer and test users. We dev team is targeting for VIPS to be utilized in varied ways as an original cryptocurrency from Japan, setting the final goal for contributing to the society across borders as a convenient method of making donations. We hope VIPS gains popularity in the real society as well as on the Internet community with the strong support of VIPS holders."
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TOPBTC
CoinExchange
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Ethershift Token (ESH)
Ethershift is a brand new ERC20 token exchange that provides the easiest way to acquire brand new up & coming tokens before the big exchanges list them! Ethershift tokens represent a revenue share of 50% of ALL fees collected by Ethershift. Each quarter that 50% will be airdropped to Ethershift token holders.
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MNPCoin (MNP)
MNPCoin is the official cryptocurrency of MasterNodes.Pro. MNPCoin was created in August 2018 by the developers of MasterNodes.Pro to make payments for masternode owners and coin developers safer, easier, and faster. We wanted to create a payment network that would function seamlessly between all affiliated sites to allow users the opportunity to enjoy all of our services without having to deposit MNPCoin onto each site. Since, MNPCoin has grown tremendously and is supported by numerous projects, websites, and even gaming apps.
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Crex24
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Rapids (RPD)
We are a creative agency with a passion for innovation & the design of beautiful creations. We have all envisioned certain aspects of past cryptocurrency projects we would have liked to see come to fruition, and we are applying those underlying philosophies to Rapids. Social Media Networks have become the new medium of personal expression and overall communication. Cryptocurrency and blockchain technology have also enriched our lives by altering the way we transact through online channels. Combining the technologies of social media along with blockchain technology, Rapids aspires to make online transactions even more accessible. With Rapids embedded into social media platforms, we will be able to send and receive payments directly to friends, family, colleagues, companies, and anyone in between. We are currently in the development phase and are expanding daily. Follow us on social media to support our cause and to stay up to date.
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DarkMatter (DMX)
Moon Marketing is dedicated to bridging the gap between Tron dApps and gamers by utilizing innovative marketing tactics and the DarkMatter($DMX) Gaming Platform.
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Vendit Exchange (VNDT)
Vendit is a new cryptocurrency and exchange platform that connects merchants, vendors, processors, and financial institutions in order to provide the ability to seamlessly trade and process crypto and real world currencies and transactions. VENDIT tokens are ERC20 tokens based off the Ethereum blockchain and are the universal transactional coins for the exchange of cryptocurrencies and real-world currencies. It is the token that drives every transaction and payment on the exchange. We will develop the exchange, APIs, exchange account management app, and payment gateway platform, etc. and bring the adoption of cryptocurrency into the mainstream and become the de facto exchange for cryptocurrencies.
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Digibyte (DGB)
DigiByte is a public, rapidly growing and highly decentralized blockchain. DigiBytes are digital assets that cannot be destroyed, counterfeited or hacked, making them ideal for protecting objects of value like currency, information, property or important digital data. DigiBytes can be sent over the DigiByte Blockchain and forever recorded on an immutable public ledger that is decentralized on thousands of computers across the planet.
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Bitinka
BiteBTC
Bittrex
Sistemkoin
Poloniex
HitBTC
SparkPoint (SRK)
SparkPoint Ecosystem is a decentralized payment gateway with integrated crypto exchanges, blockchain based e-learning, gaming, and online store. With four main functions, people can now settle bills, send and receive money, enrol in various e-courses and e-programs, shop, and entertain themselves in one platform. Not to mention, to earn and be rewarded!
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HotBit
P2PB2B
High Performance Blockchain (HPB)
High Performance Blockchain (HPB) is a revolutionary permissionless blockchain architecture that combines a customized hardware Blockchain Offload Engine (BOE), with high-performance blockchain software. The addition of a hardware based BOE, allows for high transaction speed and extremely low latency.
Despite high-performance, there is no compromise in terms of security and decentralization, as the Node network verifies transactions worldwide and is comprised of a dual election mechanism combining the best aspects of voting and delegation.
As a permissionless blockchain, anyone can deploy smart contracts, contribute data or use the blockchain. It is our goal to enable and empower as many individuals and enterprises worldwide and build HPB’s DApp ecosystem tailored for enterprise applications.
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Bit-z
submitted by salamanderjones1 to Aircoins [link] [comments]

The Freedom of Money

In the course of a civilization's history, it becomes increasingly apparent that there is no ultimate authority, save for the consensus of a species and the mathematical laws of reality.
This was the intention of the United States and democracy: the absolving of rule because "I am more special".
This was the great idea that changed history hundreds of years ago. No human had the right to rule another merely because they felt ordained by a higher power, but humans must consent to being ruled; they are not obligated by it.
This beautiful enlightenment has occasionally manifested itself throughout the history of our civilization, clearing the fog of our cosmic infancy one paradigm at a time.
As we first acquired sentience, it occurred to us in a moment of brilliance "I have the freedom to build and create things". The actual thought was probably less elegant and resided primarily in the subconscious, but that was nevertheless the underlying theme.
Another brave soul lifted his eyes once more towards the stars and thought a truly rebellious thought. "I have the right to believe whatever I want about the universe. Why should another man dictate what God I worship?"
We, as a species, were slowly growing to understand both ourselves and our universe. The universe is a brutal machine that smashes and crushes matter together in cataclysmic ways, and when it spawned life, it did so in a heinous fashion: organisms consuming other organisms for energy while dominating the weaker members of their kind.
Scarcity, competition, and selective destruction led to our current apex as the only known region of the universe that has actually grown complex enough to consider itself.
And now all the locked doors of reality are flinging open in front of us, one by one.
Men and women should be free.
A representative democracy is the best solution for government because though human beings have different capacities and dispositions for rule, all should have a say in their destiny. Order is more conductive to a species than chaos, though many of us lack the wisdom and knowledge necessary for effective rule. I do not propose that any form of current government is perfect, but we are always striving to improve and find the best solution for our current trajectory.
Every step we make, another door opens to us.
As the average intelligence, ability, and resources of each human grows, it becomes obvious to that individual that they should have certain freedoms.
And the only bounds they might encounter, aside from purely physical ones, are only those that other humans place upon them.
But that's the key: the physical bounds of our species are crumbling. As we climb the ladder of cosmic ascension, we are capable of ever more, and the impossible transitions steadily into the obvious.

Freedoms Throughout History

There was a time when religious freedom did not make sense.
The average human believed that the sun was a powerful monster in the sky and for any order, a very wise person had to invent a story to control the masses. In this way society could continue.
There was a time when it made sense to restrict the diet or the sexual expression of the commoners. After all, when eating unrefrigerated meat from a pig can kill you, we need to prevent the members of our society from killing themselves in any way possible. We can't afford to lose our greatest architect because he has a taste for ham.
I am not defending the cruel and wicked methods used throughout the eons to defend these restrictions, only arguing that from a purely developmental standpoint they made logical sense. The technology wasn't there to support those freedoms yet.
But as the average member of society becomes more enlightened, and our technical abilities as a collective expand, we don't need those restrictions any longer. In fact, those same restrictions on liberty become encumbering and have the opposite effect than their intent: they stifle and crush the progress of civilization.
There came a time of technological, emotional, and physical maturity for all these freedoms:
... and now, money.
There was a time when it made sense to enforce the rule that only a designated entity could issue money because we lacked the technological and social ability to regulate that ourselves. Just like the men who would have eaten rotten meat if someone hadn't stopped them, we would have counterfeited and regionalized our currency to death if a central authority hadn't mandated that we obey certain restrictions.
But that isn't true anymore. Finally, after so many thousands of years of recorded history, we have reached a milestone in our civilization where the freedom of money is no longer a threat.
This is a new era. This is the dawn of a new day where humans realize that it makes no sense that they aren't allowed to transfer value to someone around the world without the consent of other men.

Bitcoin: The Freedom of Money

There is only one restriction on what other humans value, and that is the consensus on what we value. This notion of 'value' arises through a set of criteria that once led us to value gold as a species, but now we have something better: bitcoin.
And it will be bitcoin, or none. Why? Because the entire notion of cryptocurrency and the freedom of money hinges on the entire species valuing one standard. The question of "what about bitcoin 2.0" is as absurd as "what about gold 2.0". The results will be the same: yes, there were other precious metals with worldwide impact, but none displaced gold as the global standard.
The members of a society must value an asset in order for it to make a useful exchange of value, and because bitcoin is the representative currency in the spectrum of crypto, we either eventually agree to value bitcoin at the same rate that we value the entire worth of our species or we forfeit the freedom of money until the opportunity arises again.
We are passed the point of no return and the rest of this mathematical equation should be obvious to the enlightened:
Bitcoin wins. The Age of the Freedom of Money has arrived.
Once you grant a civilization a freedom, you will fight a long and steep slope to take it back (should that even be possible). You can't take back the right to freedom of religion, representation in government, sexuality, information, or money without expending an absurd amount of resources. The process is akin to preventing fusion in a star itself.
Soon other forms of "freedom" will echo through the boughs of our rapidly ascending civilization, but first we will have to come to terms with the concept of freedom of money.
For now we will need other men to dictate restrictions to us on such concepts as freedom of travel, freedom of enterprise, and freedom of effort because we haven't reached a technological and social level where those are valid propositions. But their time will come as well.
But for now, rejoice that you are privy to a realization that the rest haven't had the luxury of yet: Bitcoin will become the cornerstone of all money on the planet, and though alternative cryptocurrencies may also retain long term value, none can mathematically displace the original blockchain.
If you are reading this, in 2015, you are one of the lucky ones.
Don't waste your headstart on the rest of the species.
submitted by americanpegasus to Bitcoin [link] [comments]

Cryptocurrencies plunge for the week with Bitcoin still below USD$6,550, forecasters project 54% per annum growth in the Cryptocurrency ATM industry over 5 years and Coinbase explores launching a Bitcoin ETF with BlackRock

Developments in Financial Services

Regulatory Environment

General News

submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

FAQs

FAQs - All Frequently Asked Questions Posted and Updated Here
Q: I have lost massive sums holding various cryptocurrencies since leading coins such as Ethereum have fallen -88% peak-to-trough so far in 2018 and it looks as if it will fall further given the overpriced nature of Ethereum. Vitalik Buterin, the creator of Ethereum said himself that the cryptospace is way too overvalued. That said, why do I want my money tied up on your platform for 9 months? What are the advantages? How much risk am I taking?
A: With Hansecoin, multiple investors will be able to own a piece of the capital gain potential and yield of real estate, some land, an apartment, or an entire apartment complex. The asset provides a floor to the price and increases stability versus speculative tokens.
We are building out the world's first tokenisation platform that will be compliant with regulations. The first project Use Case when secured may deliver underlying yields of 7 to 11.4% or higher, potential capital gains, and provide bonuses and access to future project tokens at an attractive discount versus those joining after the Vesting Period. There is a revolutionary future in its application across multiple asset classes. Notably, this tokenisation approach may become a template for asset backed token projects.
With proof of concept at hand and construction started, the project shall be scaled up as several additional hard asset projects are in the queue and the platform can be white labelled. Our platform offers a replacement tool for the transaction-cost-inefficient closed-end fund structures or venture capital transactions while remaining small, solid, compact and in full regulatory compliance.
Reduced Risk: We are immune to the direction of cryptospace. Even if Ethereum were to go to zero, our token would still be valid and contractually binding. In light of the steep losses in Ethereum and other coins, the participant can stop the hemorrhaging by locking in their cryptocurrencies at a fixed rate in euros for the next 9 months while taking comfort in knowing the above benefits apply, ie, yields, capital gains, bonuses, future project access at a discount, etc. Further, the potential participation in prime residential real estate located a brief commute of 15 minutes from the city center in Tallinn, Estonia carries low risk given the history of otherwise equivalent, yet in terms of quality, design and attractiveness, inferior real estate projects launched in the neighbourhood which still sold out ahead of schedule. Indeed, the demographics of families in formation together with Estonia leading the EU in economic growth is a powerful combination contributing to the breakneck speeds of development in Tallinn.
Estonia has continuously the highest average GDP in the EU (if you compare the current members from 1994 to 2018) and thus is the EU’s fastest growing country. Estonia has been billed as the world’s leading digital nation given its pioneer status of its digital ID card program, the spread of free and ultra high speed WiFi across the country, being the pond from where Skype and Pipedrive sprung, and more. Today, its welcoming position on blockchain technologies, equivalent to that of Switzerland, as well as its e-Residency program is well known. e-Residency enables businesses to transact goods and services regardless of geographic location with the digital signature capacity known from the ID card program. Estonia’s regulators are sincerely collaborative, open for discussion, and evidently working with substantial commitment to create a fair system of regulation, monitoring and enforcement of the current legislation. They are comparatively solution driven so as to remain welcoming to the blockchain community. This explains why Estonia has the highest number of ICOs launched per capita and is ranked #5 worldwide.
From the CEO of CoinMetro, Kevin Murcko: “Although I get approached quite often to advise on ICO projects I rarely bite. Most, while they may be great 'back of napkin ideas' they usually lack substance and their teams, while sometimes quite elaborate, lack the drive, hunger, and experience to take a great idea and turn it into a great business. HanseCoin is different. The company focuses on a very specific use case for tokenization, the Asset-Backed Token, and it puts it to the test.
Not only does it provide a hedge against crypto volatility but it puts that money toward the creation of a regulator-approved platform for tokenizing any hard asset.
As a member of the Supervisory Board, I helped design the tokenization structure and I believe there is a revolutionary future in its application across multiple asset classes.
As As CEO of CoinMetro is it my job to ensure that we are constantly on the lookout for ways to gain market share and add value to not only our platform but the whole of the crypto ecosystem ... Essentially we are talking about an extension of the ICOexpress, call it a 'module', one of many in the works.”

Q: How are you compliant? Many ICOs fail to be even minimally compliant.
A: First, this is not a typical ICO but this structure represents the next evolutionary stage in asset financing in the cryptospace. We are one of if not the world’s first actual asset backed token (ABT) ICO backed by real estate. Together with our counsel and our partners from Coin Metro, we have stayed in lock-step with the regulators here in Estonia to ensure that regardless of future regulatory decisions made, due to the versatility of the project structure, it will remain compliant without that adversely affecting the business. Our token remains a utility token as demonstrated by PricewaterhouseCoopers (PwC) as it is neither a security, a debenture, nor a money market instrument. Still, we are prepared to issue a security token in the future should it become a suitable option and make sense to our expansion. Albeit that from our discussion with the relevant authorities it seems unlikely today Estonia may well pass legislation in this regard. Most importantly, leading companies are connected to our platform and its first project: we have Capital Mill, a leading developer and asset manager, as the real estate project manager, Uusmaa Kinnisvarabüro, the oldest and largest brokerage firm in Estonia as the residential sales agent, SWECO Projekt as the engineering company, 1Partner, a leading valuation company, as our appraiser, Telora AS as our supervisor, Studiomark as our architectural firm, and leading Estonian construction firms allowing the project to be built on time and in suitable quality for the residential clients.

Q: Is VPAT compliant? Does VPAT obey regulation? What about the other tokens PPT and VBT?
A: VPAT is an island, disconnected, and not tradable. Is it non-transferrable thus not a security. VPAT is heavily vetted and all VPAT holders are registered via AML/KYC with CoinMetro. Should our Issuing Company decide to issue another token (PPT, etc), that token may become tradeable and subject to regulatory law at that point.
There is an inherent difference and segregation of the VPAT from the potential PPT or VBT tokens. At the end of 9 months, the VPATs are burned, swapped, or extended and only then are PPTs issued. VPAT holders get various bonuses and preferred issuance of PPTs.
The VPAT is a centralised virtual token which results in a receipt issued to the VPAT participants (like a voucher). It is not an Ethereum based ERC distributed token unlike the PPT which may become subject to the legal, technical and regulatory environment.
As always, we will comply with any future legal, technical, and regulatory law set forth.

Q: What are the advantages of your platform?
A: Our platform offers a replacement tool for a variety of transaction cost inefficient transaction structures. The unwieldy closed-end funds of yesteryear simply front load developments with heavy hand costs for management and distribution. They typically start at around 10 million euros. Friends & family and crowd funding asset capital raises are typically limited to 1.5 – to at best 2 ¼ million euros. Our platform enables a far more efficient and less costly way for anyone who wishes to tokenise a project and raise capital between 1.5 and 10 million euros for their hard asset project, including but not limited to real estate. Blockchain simplifies and facilitates transactions by removing redundant layers.

Q: Future plans to expand?
A: An asset backed tokenisation does not end with standard real estate. This can also be done with other associated hard assets such as factories which include identifiable, traceable and productive machinery and equipment. Indeed, the founders and their partners are themselves invested in industrial assets, farming and agritech. We believe that such capital intensive segments are ideal candidates for subsequent, larger asset backed tokenisation capital raises when the concept with its technology and documentation is proven.
Eventually, HanseCoin, subject to project success, markets and regulation, may even become an issuing house with an investment advisory license. We will also enable others to white label our product since a number of projects have expressed deep interest. Indeed, as stated in the above article, a number of notable voices in the blockchain space such as Multicoin Capital partner Kyle Samani have said, "Using blockchains, you can securitize any asset for 1/100th the cost.” According to Prof. Stephen McKeon of the University of Oregon, "We will undoubtedly see tokenized real estate securities in 2018." An analyst at Apex Token Fund went on to explain, "A new level of liquidity is created when tokenizing traditional assets. This liquidity makes it faster and easier to rebalance a portfolio as the market changes."

Q: Please explain unpaid taxes to the Estonian government as raised here: https://www.reddit.com/CoinMetro/comments/9lyjie/comment/e7g8ws6
A: First, Tiskre Residentsid paid its October land taxes. The company had EUR 3,407.31 land tax to pay which EMTA demands on Oct 1, and we had scheduled to pay them alongside TSD declaration by Oct 10. Notably, we paid it today ahead of time. There is no tax debt and we would expect this to be reflected with the usual delay at sources such as ‘Inforegister’.
Second, Reval Grundwert is a family venture which arranges services to group entities including concept and implementation design, engineering and supervision, planning, family investment. A previous accountant miscalculated and misrepresented two smaller tax filings for which she taken to account and court. The restatement and reconciliation is underway with EMTA.

Q: How do you securitize the asset? Is it asset backed at the beginning?
A: The VPAT token is issued and provides a receipt as noted in the info memo. Funds are employed for the project platform infrastructure/software development and to secure the use case. The owners contribute the land into the asset company at a EUR 459,810 or a 15.4% discount to appraised market value to effectively sponsor the platform development for the Use Case even ahead of the full raise and the potential PPT issuance. The externally appraised value only reflects a sale as is: no potential, no expected value increases, it is considered conservative. Initially, the Issuer provides a deposit to the Asset Company owners in lieu of the irrevocable undertaking to, in the future, enter into the contracts. The deposit in this instance covers 90% of the fixed asset price. All-in the relevant discount to fair market value is thus 23.8% which should be considered a substantial buffer.
From the closing of the hard floor raise through the VPAT, the Issuer by securing itself with the future documentation in escrow, irrevocable undertakings locked in, and a pledge over the asset company's shares, is collateralised throughout its infrastructure development phase. Even the VPAT is an asset backed token.
Note, in the unlikely event that the tokenisation were to fail with no regulatorily compliant tokenisation at hand or the Issuer to fail in its development, the Issuer would accelerate the share pledge against the Asset Company. The asset could be sold and even a fire sale should suffice to cover the Issuer's relevant risk exposure, a restructuring, rescission, or new development in light of the aformentioned large discount.
In case of questions please do not hesitate to ask.

Q: How long do actual building developments take? [USE CASE]
A: In a simplified form and besides weather conditions etc., individual buildings and their build out time depend on the building types of which there are 2 in sector 1 (one apartment, one row house), another one in sector 2 (simpler row houses) and again two types in sector 3 (apartment buildings) plus a kindergarten on the plot between 2 and 3. Some of them such as in sector 1 individually take between 6 and 7 months to build core and shell, and subject to the client package requirements (three pre-defined), the interior furnishing and fittings takes between 1 and 1.5 months. The row houses in sector 2 can be erected within 5-6 months, then interiors and the furnishing as above plus landscaping (seasonal). The affordable housing in sector 3 could be built in the same time frame for the simpler apartment buildings and about 11 months for a grouping of three which are best erected as an ensemble.
A time schedule has been defined by the accredited, experienced external project management firm with owners, engineers, architects, interior architects and reputable construction companies which shows the targeted build out rhythm with overlapping and parallel build-outs. You can find this information in the project model section p.30 onwards. If you have specific questions do not hesitate to contact us and we shall be glad to go through this in applicable detail with you.
If you look at the plots and the drone videos listed for the asset company you can see that infrastructure (road, electricity, gas, water, sewage and street lighting) has been built out already alongside sector 3 and 2. Key information and extensive descriptions are also at hand in the info memo.

Q: Are all incoming ETH converted to EUR immediately?
A: Yes, though subject to market conditions. For example, the time it took to get sufficient confirmations was considerably longer in December 2017 when the crypto market was spiking. Until our minimum target of 2.281671m EUR is received, the deposit required to secure the projects initial use case, all incoming ETH is converted to EUR. Once this amount is surpassed, Hansecoin reserves the right to hold qualities of ETH as it sees fit based in its internal risk management policies.

Q: What happens if the soft cap for your asset raise is not met?
A: I presume you are referring to the hard floor of EUR 3.275 M as a fall-back rather than the soft or target cap. Were that hard floor fail to be reached, the software and platform infrastructure development would have to be carried on by HanseCoin preferably with its community in parallel to progressing with the road map, however, after an extension window of e.g. another 10, 15 or even 30 days were to run out before reaching the hard floor, and if no restructuring of the agreements with the asset owners could be agreed upon (deposit levels, timing), the development would have to carry on without securing the use case. The latter would remain an obligation of the owners to develop without HanseCoin. In turn, in such an unlikely event, HanseCoin would have to secure another Use Case for which it has two more assets at hand in the same attractive area, one in a comparable development stage and one at an earlier stage. Both would allow for collateralisation and lower deposit levels so that a replacement would be a suitable option. As stated in the info memo if less (as in not enough to entertain any of the other options) is raised until a future PPT issuance on the basis of the Hansecoin platform, the VPAT may have to be rescinded.
Notably, the aforementioned time frame and cascade of options should, from our perspective, allow HanseCoin sufficient capacity to attain sufficient commitment from VPAT partners and progress with the Asset Company on mutually agreeable terms.

Q: What if you can't get approved to go on with the development, or when the approval is getting delayed an unreasonable (>1y?) amount of time?
A: The risk of development of the tokenisation to become regulatorily compliant is mitigated as follows: HanseCoin will file alongside its efforts to create the PPTs, its application to attain an investment firm license in Estonia allowing it to act as fund manager. This puts it on the safe side if considerations of certain tokens as securities were to become effective. The board and supervisory board of HanseCoin assisted by counsel and auditors will take all necessary steps and employ their professional experience to meet the requirements and become licensed in the defined regulatory process. As indicated in the roadmap, CoinMetro as an exchange requires substantially more comprehensive licensing for a variety of their additional services to be rendered in the future and is seeking theirs with a view to having them in place by end of Q2 2019.
If the technical development of the tokenisation were to be delayed beyond the date of regulatory compliance, HanseCoin with the VPAT has the option to seek an extension to complete whatever technical matters would have to be resolved, albeit that the economic interest at hand should mitigate that. HanseCoin is keen to issue, list, and expand their tokenisation platform approach to a wide audience of potential participants and process a variety of underlying hard assets, as only then it is successful. The interest of HanseCoin's founders and team are aligned with the VPAT holders. We will push the development with determination and daily grind. As such we believe that a delay as you indicated beyond a month or even three months over the Vesting Period whilst technically possible is highly unlikely.

Q: What can HanseCoin offer me that I already do not have access to? I can already directly invest in property or buy equity in residental property via crowdfunding websites etc. What I cannot do as a U.K. citizen is easily invest in overseas property, does HanseCoin fix that problem? In addition will HanseCoin give people in emerging markets easy access to say, European and American property? What kind of restrictions might I face if , as a U.K. citizen, I wanted to buy an ABT for a U.S. property?
A: You can own a piece of real estate in any jurisdiction via our platform, ie, fractional ownership. As we onboard new projects, some will be European. The US comes with certain restrictions that may make onboarding US based projects an issue. At this time, the projects of interest are non-US. We will be sure we are compliant with any projects we approve.
Re crowd funding, on our home page at Hansecoin.com, scroll down and read:
Let’s talk about The Gap.

Q: Can I own Hansecoin if I am a US resident?
A: As referred to in the disclaimers of the info memo and the webpage, HanseCoin with its ongoing private sale and the upcoming public sale in principle is currently not offered to participants who are U.S. residents as regulation so implies and we are not offering securities at this time. Without providing legal advice, a private pre-sale may e.g. allow up to 35 non-accredited investors to participate under certain limitations and exemptions under rule 506 (b), however it may have little bearing on us as the private (pre-)sale of Hansecoin VPAT's would likely be considered a form of general solicitation in the U.S. Thus, in consideration of rule 506 (c) only accredited investors, i.e. those who can verify that they are, may have a path to participate in the private (pre-) sale. May we suggest to consider this with counsel and message us directly so that we can review the matter, in case you are an interested accredited investor. We obviously value your interest and shall be glad to continue the dialogue. It is not unlikely with upcoming regulation in Estonia and the EU as well as HanseCoin progressing to become a regulated investment firm in the near future that future issues including a potential mastercoin could be offered also in the U.S. We certainly would be glad if market rules were to allow truly global coverage.
NEW FAQS FOR RON TO POST ON WEBSITE:

Q: Did I understand correctly, that HanseCoin is a overarching platform for more asset backed token projects? That token PPT token itself is not limited to the current real estate (RE) you are developing? If so, what happens if let's say, the current RE is finished and you start another project, will there then the same process as now, but with a PPT2?
A: HanseCoin is an overarching platform and not limited to one project, albeit that the first project contributed at a significant discount to the platform to support its launch carries itself and the platform build-out. HanseCoin's goal is to efficiently onboard a variety of projects which fit the 'Gap' range for development capital, i.e. small/mid cap project financings for hard assets. We have three projects in the short term pipeline which shall be launched in stages over the next months. The structuring employed in the initial project can, as per current review be rolled out in more than a dozen, potentially more jurisdictions of the current EU-27. Variations of the structure used by HanseCoin render it sufficiently resilient to over time include more hard assets including factory machinery and equipment as well as segments such as rolling stock. However, we start with something small, solid and compact in real estate development where platform and participants in its onboarded project(s) can capitalise on sufficient potential to reap liquidity premiums and reduce transaction cost through tokenisation.

Q: Can I draw a similarity to Coin Metro’s (CM's) ICO express here: Both HanseCoin and ICO Express to onboard external projects? Now you guys lead the real estate (RE) development yourself, but maybe the next project is developed by an external team but uses your platform for tokenization?
A: I would say that we will work closely with CM's on their ICO Express, as there is no need to reinvent the wheel and we believe that they are in the process of setting up an excellent platform. Technically, I would consider us the Asset Financing Module associated with/connected to their platform. Given our understanding of RE in specific and asset financing in general the intention is to process a series of projects and develop the capacity of HanseCoin to assess, validate, wherever needed structure and adapt/improve underlying projects with strong project financing parties (project managers, engineers, architects, banks, brokers, supervisors, construction companies) etc. - we facilitate the RE development or third party projects employing HanseCoin as the project tokenisation platform.
In other asset finance segments, such as factory and machinery, the industries we can work with are widely varied, as Chris just stated, this can be biotech as well as manufacturing, the key is the underlying asset.
For retail solutions the logistics solutions connecting e-commerce and highstreet require substantial investments in hardware, data processing capacity and software. Whilst the line there blurs between pure hard assets and its steering/process technology, the physically distributed logistics aspect is intriguing and we believe we can in the future benefit from tokenisation.

Q: I'm interested in finding out more re contributing to the private sale (amount of funds being raised, minimum contribution size, etc).
A: Pursuant to ongoing discussions with a variety of interested parties including family offices across Germany, Austria and Scandinavia committing to certain amounts we have created a sliding incentive scale for those entering the Private Sale:
During the current phase up till the hard floor for the platform build-out we offer small, yet attractive discounts to early bird participants, whereas larger ticket sizes obtain higher discounts. Parties committing participations of EUR 50,000k receive a discount (as a token amount bonus) of 2.25%, EUR 100,000 equates 2.5% discount/bonus, EUR 200,000 results in 3% discount/bonus and tickets of EUR 500 k and above receive a 4% discount/ bonus.
For those followers here on Telegram the ticket sizes can be amended but discounts/bonus tokens of 1% kick in starting at EUR 10,000 (equivalent in ETH).
For the sake of good order, recently we have done one brief flash sale to reward our hardcore followers, tech contributors and early birds at a significant one time only 5% discount/bonus. We do not envisage it to be repeated.
As the token vesting period ends after latest 9 months and a tradable token is then issued even the lowest rung of discounts is slightly better than many peer products and approaches, certainly better than parking it in money market products. For small to medium size participants, generally, parking liquidity in attractive vehicles with underlying real estate and hard assets in Europe is not such a bad idea at this time. The tokens are available at short notice.
If this is of interest to you please advise which volumes in the above brackets you wish to pursue and we shall open the Private Sale to you.

Q: How does HanseCoin compare to other companies attempting to issue asset backed tokens? Aren’t such tokens securities?
A: Hansecoin has a unique approach in that it has achieved regulatory compliance even with token issuance. Have a look at the Whitepaper. Normally, tokens of this nature will be regulated as securities. So for HanseCoin to stay compliant, we have a regulatorily compliant token (VPAT) for the platform which is already asset backed. It is non-negotiable, non-transferrable, and non-tradeable thus is not a security token. HanseCoin will later issue tokenized securities known as PPTs upon being regulated as an investment firm in lock-step with what EU / Estonian regulators decide.
As noted, Hansecoin is live already. Its original token, the VPAT, is already asset backed and called an ABT. Due to substantial demand from private equity we are in a private sale at the moment. If and when suitable a public sale may be announced.
So, no more weeks of waiting as with so many others. If you are interested to enter into the private sale please register and let us know. [my note: Smartlands has launched their mastercoin which should be a security since it is tradeable but not issuing tokenized securities as of yet.]

Q: How can HanseCoin claim to have first mover advantage compared to, say, Smartlands, when HanseCoin hasn't even finished its capital raise or developed its platform? If my understanding is correct, Smartlands completed their token sale last year and have already developed their core platform
Also, I'm finding the whitepaper diifficult to digest. It’s very wordy. I'm sure the key points could be presented more succinctly.
A: For the sake of good order, Smartlands has placed its token but is not asset backed from the begininng. By the way, it has lost -24.8% from its peak 4 days ago, though through its excellent PR, I believe it is the only coin that has outperformed bitcoin this year, which attests to the power of the asset backed token.
That said, Smartlands does not have any live project. HanseCoin has not made such claims but is the first regulated asset backed token in that it has the underlying asset pledged to it in proportion to the funds raised, and one live project plus three which its shareholders have either secured or control over. The issuance of the HanseCoin PPT token is solely deferred due to and dependent on the current regulation. In order to become independent from that, HanseCoin will file to become a regulated investment adviser in December so that by February it can issue securities and thus tokenised securities no matter what ambiguity may exist then for other token approaches.
In the meantime, those who are holding HanseCoin VPAT tokens whose value is not pegged to any cryptocurrency but to hard assets sidestepped the recent huge drop seen in bitcoin and most all other cryptocurrencies. The average cryptocurrency has now lost over 90% of its value in 2018. Meanwhile, the value of the VPAT is pegged to the euro and the underlying asset.
Besides blockchain related software improvements, the current platform development is predominantly geared to the expansion into 17 EU jurisdictions and related systems compatibility, database design, and applicable interfaces, compliance process designs, linkage with exchanges, as well as research and development into future tokenisation components.
As to the whitepaper, based on requirements of the EFSA (the Estonian regulator), PWC Legal as our counsel, auditors, and tax advisers, we have to reflect the matter comprehensively. The summary pages tend to be important whilst the flow charts are there to assist with visuals.
Whilst you may consider it excessive, we have condensed both the tokenisation and the use case significantly. Some of our team have longstanding careers in investment banking, corporate audit, and structured finance. Any offering circular in asset backed bonds, a closed end fund prospectus or an euqity placement memorandum would run into hundreds of pages and a 8x multiple word count.
Our target was to simplify the sourcing, issuance and distribution of asset financing with benefits to participants and developers alike whilst substantially reducing transaction cost to enable and accelerate that. That is the key proposition of blockchain and only our platform is live and doing that. Having a listed token today is secondary.
Here are some bullet points which focus on the key points to our platform:
· First-mover Advantage - HanseCoin is the world's first regulated blockchain platform to tokenise hard assets;
· Technology - Solid Blockchain technology applied properly greatly lowers transaction costs across the board from project inception to completion thus participants reap high yields;
· Demand - Leading developers and sponsors across Europe wish to onboard their projects onto our platform;
· Regulatory Compliant - Regulatory passporting capacity into the majority of EU markets and capacity to go beyond;
· Client Access to Higher Yield - Development projects bring high yields to people who are not classic development investors at a time of historically low interest rates;
· Risk Mitigation - Excellent diversification opportunity to peg capital to the value of the underlying hard assets.
· Ongoing Transaction & Success Fee Generation - The platform generates ongoing transaction fees per project. The more projects and more participants, the higher the profits which are shared between Participants and the platform.
But the way, together with CoinMetro (www.coinmetro.com) and its CEO Kevin Murcko we will at Slush to present their exchange and our platform as the first solid Asset Backed Token for hard assets to listed on CoinMetro.

Q: How do projects such as https://www.meridio.co compete with HanseCoin?
A: Meridio.co offers fractional ownership which, whilst fine as a concept, does not lend itself to fit the tokenised securities approach EU regulators are starting to take (they have MIFID, AIFM, etc. to work with) and the specific segment of project/asset financing where development capital is actually required, the small and mid cap segment in Europe and beyond (we call it 'the gap' of EUR 1.5 to EUR 10 m of equity participations in projects) is not addressed. HanseCoin already owns shovel ready land and its platform is regulated.

Q: A few questions:
1a. Which tokens do private sale participants receive for their contribution? VPAT, PPT or both?
2a. Are VPAT tokens temporary in nature, having no further use once they have been swapped or burned following the completion of the platform development?
3a. What is the main potential benefit to a participant in acquiring VPAT tokens?
4a. Is PPT the participation token for the first project only or for all future projects supported by the platform? (Or something in between?)
5a. What is the HanseCoin master token?
A:
1a. The private sale participants receive VPATs.
2a. The VPAT is the asset backed token which starts the platform and provides exclusive access to (a) the PPTs prior to them becoming tradable as well as (b) the VBTs. All VPATs are burned, swapped, or extended at the end of the vesting period.
3a. The VPAT provides exclusive access to future tokens including the tradeable PPT, VBTs for bonuses, and potential further privileges which the platform may grant to its early sponsors and participants. The VPAT is also the only path to secure discounted PPT token access.
4a. As of today, the PPT covers the initial project use case. Each additional project will see an appropriate amount of PPTs issued to reflect the initial capital requirement of the underlying asset development project at its inception. During the platform development and regulation phase, additional VPATs will be issued in regard to further projects in the pipeline. The first PPT will be known as HanseCoin 8. Each additional project will countdown from 8 thus the second project will be known as HanseCoin 7, and so forth. Upon the first issuance and listing of a PPT, thus subject to further regulation of tokenised securities, it is envisaged to have VPATs only issued for each private sale phase.
5a. A master coin which represents not just one specific project but the value of HanseCoin as a whole company will be issued at some point when project tokens have gained critical mass in terms of projects, countries/markets covered and distribution. It seems likely that the countdown will fit well with this. The valuation will be dictated by the ongoing projects, projects to be on-boarded, and any white-labelling on the HanseCoin platform. We envisage that all original VPAT holders should have privileged access to an attractive bonus for the master coin which shall be accrued through VBTs during the PPT issuance period. These specific VBTs would vest until the issuance of the master coin. This is an exclusive benefit to the initial VPAT participants.

Q: So are VPAT and PPT *categories* of token rather that the actual tokens themselves? In other words, HanseCoin 8 is *a* PPT not *the* PPT? Also, if private sale participants receive VPATs, then why does hansecoin.coinmetro.com offer "HANS" tokens, which Chris tells me refers to "HanseCoin 8" tokens? Shouldn't coinmetro be offering VPAT tokens at this stage, not PPT tokens?
A: VPAT is a virtual token. PPT will be a compliant tokenized security we issue sometime next year, potentially ahead of the projected 9 month vesting period of the VPAT. The PPT will be compliant, in line with regulations as they are formed.
HANS is the ticker for the VPAT. Only the first phase VPAT currently exists that represents the first use case. HanseCoin 8 is the first use case. HanseCoin 7 will be the second use case, ticking down by one each time a new project is launched.
By the way, there is no such thing as a security token even though STO stands for security token offering. But then, many of the terms used in the cryptospace have been bastardized such as the term 'whitepaper'.

Q: I presume the VPAT for the second project will have a different ticker? What is the ticker for the first PPT (HanseCoin 8)?
A: A ticker will be assigned then by the listing exchange and the symbol is not decided, yet, although it seems reasonable to consider a variation of HANS (which is the ticker for the first VPAT) plus an indicator (technically, the ticker can remain as is whilst the sub-category is defined as an index).
submitted by HanseCoin to u/HanseCoin [link] [comments]

How to Reduce the Risks When Investing in Cryptocurrency

Making an investment in cryptocurrencies can be both rewarding and risky. Everything boils down on the manner and the process that you have to go through. In 2017, one bitcoin was valued at $1,000. Today, buying this e-currency cost you more than $7,000. This has declined from its all-time high of $19,000 since December of last year. You surely have gained a lump sum if you invested earlier in bitcoin. If you invested just a few months ago, you might have lost a bit after the plunge.
Too Early to See the Results Essentially, cryptocurrencies and blockchain technologies are very promising. However, they are still in their initial stages. Bitcoin has been around for nine years while Ethereum is still in its infancy stage at a couple years. Several challenges and issues have yet to be overcome. These include energy use, scalability, potential fraud, taxation, regulation, and price manipulation. While these technologies are gaining their prominence worldwide, they are like toddlers that have yet to be nurtured. So the risks and rewards need to be monitored closely.
Best Way to Invest With the new and volatile market, the best approach to invest is to reduce your risks through portfolio diversification. The old industry adage, “buy low and sell high,” remains ideal up to this day. However, many young investors do the reverse. So what is the best strategy when investing in cryptocurrencies? In the past, we are aware of the countless stock market’s bubbles, crashes, and recoveries. The lessons learned from these setbacks should never be ignored. Who would ever forget the 2008 financial crisis? This has led to the introduction of bitcoin. From all the great lessons brought by the global financial crises, one most recognized strategy is to understand the direct relationship between risk management and diversification. Always spread your investments around to limit your focus to only one kind of asset. This helps to minimize your portfolio’s volatility in the long run and achieve your long-term financial goals while reducing the risks. In general, no strategy is fixed that will guarantee 100\% profit and no loss. However, this can be used as a safety net with this emerging technology.
Factors to Consider Remember that blockchain technologies are still in its trial stage. In the next few years, no one can predict which of the cryptocurrencies will continue to dominate. The mass adoption of the best e-currency has yet to be seen. In the current trends, the market remains volatile and prone to potential manipulation. There is uncertainty in regulations and legal operations of cryptocurrencies worldwide. Many governments are still in the wait-and-see attitude toward the use of cryptocurrencies. With these issues, an investor is advised to have multiple small investments in the different cryptocurrency portfolios available. It is a safe approach to minimize your risks and tone down the mental pressure of selling low and buying high. Also, this eases while making your investment over time.
Watch Out for Street Exchange Street Exchange (StreetX) is one of the new cryptocurrencies being circulated online. This digital money provides a secure platform for conducting P2P crypto trading for the cryptocurrency investors. StreetX provides a ‘simple’ way for people to trade. It is backed up by a blockchain wallet and cryptocurrency exchange process. The exchange makes the transactions faster, easier, and more secure.
In the next few years, StreetX will be widely used in the South and Southeast Asia, Europe, and the Middle East with the goal of being one of the biggest digital exchanges and apex in the league. It seeks to expand geographically its highly traded cryptocurrencies and digital tokens. This exchange hopes to change the investors’ mentality that it is secure to trade at exchanges and assist the traders and travelers to attain hassle- and commission-free foreign exchanges while abroad. Such transactions used to be a loss-making proposition caused by high commission rates of banks and other international exchange bureaus. For more details, see StreetX white paper.
submitted by StreetExchangeICO to u/StreetExchangeICO [link] [comments]

Where we're headed with ASIC mining. tl;dr included

As devices flood the mining market, we're bound to see some volatility in the Bitcoin exchange rate. Since ASICs are the effective apex of chip design, that means this should be the last major disruption.
A few points about ASICs:
These factors result in some interesting dynamics.
First, there's the obvious matter that devices can now be produced which are virtually plug & play. Neophytes will no longer need to spend days exploring arcane configuration wizardry; participating in Bitcoin is now open to virtually anyone. That isn't too say professional mining operations are going away; they'll be significant parts of a larger ecosystem.
Security of the network is becoming virtually unassailable by any single entity. With the proliferation of custom hardware, the difficulty of attacking the system head-on is rising exponentially.
With such low power usage, devices can be left on anywhere for pennies a day. Earning a return means the network difficulty will have to climb extremely high before they're turned off. That point may take many months or even several years to arrive.
Being produced in quantity means lower cost, eventually. It's a near certainty that some businesses will cater to high end outfits while others sell to the mass market, much the way Intel makes both server and desktop processors.
The direction Bitcoin is headed in because of this is proliferation is up. Accessibility combined with ease of use in acquiring stake in the network creates an incentive structure with a positive feedback loop, at least during growth.
At present, this proliferation has accelerated. Miners have newly-acquired hardware that must be paid off, and various other expenses to be covered. That applies especially to professional shops. This will be a primary downward pressure on Bitcoin price, as will increased efficiency. If coins can be generated more cheaply, competition will still to undercut other bids. To what extent remains to be seen, but it's reasonable to expect some tension.
A serious concern many have is regarding exchange crackdowns by government, and persecution from traditional banks. These efforts mean that it may be more difficult to get money into Bitcoin, but it also means it's more difficult to get it out.
Bitcoin has a market-established value of around USD$100 currently. Businesses and individuals having acquired hardware for mining generally intend to realize a profit. If a return cannot be readily obtained in local currency denomination (dollars, euros, yen, etc), there will be a preference to spend the bitcoins. In either case, the best value possible is sought. Even if they are sold for another currency, the new recipient now holds them and would prefer not to take a loss.
Because of the high amount of investment in mining hardware over a long span of time, miners will be in various stages of profitability. Some may be in the black while many are likely far from breaking even. As ASICs continue shipping, a good portion of them will spend months recouping the initial investment. At the point of break-even, there is little reason to stop operating; the hardware is paid off, and very often the only input cost is power. So long as a miner generates a comfortable margin greater than the input cost, it will stay.
For ASICs, the one-year profitability mark with current generation hardware is in the 100-200,000,000 Bitcoin difficulty range. That means with a network hash rate of about 1,000 Th/s (1 petahash per second), it will take around a year for a ~150 Mh/watt ASIC to pay itself off. Given the network growth during the past six months, this is a strong possibility by the end of 2013.
Miners are constantly competing for a share in an ever more crowded environment - to stop is to lose profitability if break-even has not been achieved. However, by the time network power has reached the petahash level, first-generation ASICs will no longer be making such wild returns. Therefore, since cessation of operation guarantees loss, there are only a few factors that can change:
tl;dr - The incentive structure surrounding Bitcoin is now well-established, and very little can direct it off-course in the near term; hardware will spread, BTC price will rise, usage will grow.
Edit: corrected spelling errors.
submitted by miscreanity to Bitcoin [link] [comments]

The Freedom of Money

In the course of a civilization's history, it becomes increasingly apparent that there is no ultimate authority, save for the consensus of a species and the mathematical laws of reality.
This was the intention of the United States and democracy: the absolving of rule because "I am more special."
This was the great idea that changed history hundreds of years ago. No human had the right to rule another merely because they felt ordained by a higher power, but humans must consent to being ruled; they are not obligated by it.
This beautiful enlightenment has occasionally manifested itself throughout the history of our civilization, clearing the fog of our cosmic infancy one paradigm at a time.
As we first acquired sentience, it occurred to us in a moment of brilliance "I have the freedom to build and create things". The actual thought was probably less elegant and resided primarily in the subconscious, but that was nevertheless the underlying theme.
Another brave soul lifted his eyes once more towards the stars and thought a truly rebellious thought. "I have the right to believe whatever I want about the universe. Why should another man dictate what God I worship?"
We, as a species, were slowly growing to understand both ourselves and our universe. The universe is a brutal machine that smashes and crushes matter together in cataclysmic ways, and when it spawned life, it did so in a heinous fashion: organisms consuming other organisms for energy while dominating the weaker members of their kind.
Scarcity, competition, and selective destruction led to our current apex as the only known region of the universe that has actually grown complex enough to consider itself.
And now all the locked doors of reality are flinging open in front of us, one by one.
Men and women should be free.
A representative democracy is the best solution for government because though human beings have different capacities and dispositions for rule, all should have a say in their destiny. Order is more conductive to a species than chaos, though many of us lack the wisdom and knowledge necessary for effective rule. I do not propose that any form of current government is perfect, but we are always striving to improve and find the best solution for our current trajectory.
Every step we make, another door opens to us.
As the average intelligence, ability, and resources of each human grows, it becomes obvious to that individual that they should have certain freedoms.
And the only bounds they might encounter, aside from purely physical ones, are only those that other humans place upon them.
But that's the key: the physical bounds of our species are crumbling. As we climb the ladder of cosmic ascension, we are capable of ever more, and the impossible transitions steadily into the obvious.

Freedoms Throughout History

There was a time when religious freedom did not make sense.
The average human believed that the sun was a powerful monster in the sky and for any order, a very wise person had to invent a story to control the masses. In this way society could continue.
There was a time when it made sense to restrict the diet or the sexual expression of the commoners. After all, when eating unrefrigerated meat from a pig can kill you, we need to prevent the members of our society from killing themselves in any way possible. We can't afford to lose our greatest architect because he has a taste for ham.
I am not defending the cruel and wicked methods used throughout the eons to defend these restrictions, only arguing that from a purely developmental standpoint they made logical sense. The technology wasn't there to support those freedoms yet.
But as the average member of society becomes more enlightened, and our technical abilities as a collective expand, we don't need those restrictions any longer. In fact, those same restrictions on liberty become encumbering and have the opposite effect than their intent: they stifle and crush the progress of civilization.
There came a time of technological, emotional, and physical maturity for all these freedoms:
... and now, money.
There was a time when it made sense to enforce the rule that only a designated entity could issue money because we lacked the technological and social ability to regulate that ourselves. Just like the men who would have eaten rotten meat if someone hadn't stopped them, we would have counterfeited and regionalized our currency to death if a central authority hadn't mandated that we obey certain restrictions.
But that isn't true anymore. Finally, after so many thousands of years of recorded history, we have reached a milestone in our civilization where the freedom of money is no longer a threat.
This is a new era. This is the dawn of a new day where humans realize that it makes no sense that they aren't allowed to transfer value to someone around the world without the consent of other men.

Bitcoin: The Freedom of Money

There is only one restriction on what other humans value, and that is the consensus on what we value. This notion of 'value' arises through a set of criteria that once led us to value gold as a species, but now we have something better: bitcoin.
And it will be bitcoin, or none. Why? Because the entire notion of cryptocurrency and the freedom of money hinges on the entire species valuing one standard. The question of "what about bitcoin 2.0" is as absurd as "what about gold 2.0". The results will be the same: yes, there were other precious metals with worldwide impact, but none displaced gold as the global standard.
The members of a society must value an asset in order for it to make a useful exchange of value, and because bitcoin is the representative currency in the spectrum of crypto, we either eventually agree to value bitcoin at the same rate that we value the entire worth of our species or we forfeit the freedom of money until the opportunity arises again.
We are passed the point of no return and the rest of this mathematical equation should be obvious to the enlightened:
Bitcoin wins. The Age of the Freedom of Money has arrived.
Once you grant a civilization a freedom, you will fight a long and steep slope to take it back (should that even be possible). You can't take back the right to freedom of religion, representation in government, sexuality, information, or money without expending an absurd amount of resources. The process is akin to preventing fusion in a star itself.
Soon other forms of "freedom" will echo through the boughs of our rapidly ascending civilization, but first we will have to come to terms with the concept of freedom of money.
For now we will need other men to dictate restrictions to us on such concepts as freedom of travel, freedom of enterprise, and freedom of effort because we haven't reached a technological and social level where those are valid propositions. But their time will come as well.
But for now, rejoice that you are privy to a realization that the rest haven't had the luxury of yet: Bitcoin will become the cornerstone of all money on the planet, and though alternative cryptocurrencies may also retain long term value, none can mathematically displace the original blockchain.
If you are reading this, in 2015, you are one of the lucky ones.
Don't waste your headstart on the rest of the species.
submitted by americanpegasus to gameofmoney [link] [comments]

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