#This was technically for a game dev meeting and I am part of a team rather than a contractor hired on.

[poorly-drawn-mdzs]

Shout out to all artists who had to work without any strong direction or instruction.

I wish you a merry “the client likes it anyways”

[artbyblastweave]

Yesterday I was discussing open-world videogames with a coworker of mine with a severe futurist bent. He painted a vision (with an unknown-to-me level of insight into the actual technical feasibility of any of this) of a Skyrim-flavored open world game in which AI-generation of assets extended all the way down to on-the-fly level design, character design, NPC relationship mapping, dialogue, a game that was emergent at every conceivable level below the broadest possible plot points, and maybe even above that. He painted this as a good thing because of the labor it would save, the accessibility it would provide dev teams smaller than that of a triple-A studio, and the sheer scope of “novel” content it would allow you to put into one game.

I have no moral objection to the game he’s hypothesizing, but I wouldn’t play it. It sounded like he was taking the thinnest and most aggressively repetitive part of Skyrim- The Radiant Quest System- and stripping out the element that made it bearable, which was that it would sometimes lead you to smaller, more intentionally-crafted dungeons with environmental storytelling setpieces. One thing I liked about Skyrim was that, thin as the character dynamics wound up being in practice, it was clear that actual humans had sat down in a room and mapped out all of a hold’s residents' relationships to one another and wrote their pool of interactions accordingly. A computer could almost certainly be used to populate a town this way, but without heavy human curation of the resultant personalities I simply wouldn’t care. My Coworker was describing a game that systematically stripped out every one of Skyrim’s redeeming qualities and replaced them with things that he valued, and that I did not value at all.

He was also, on reflection, describing Dwarf Fortress. Within constraints, my understanding is that the game does in fact procedurally generate the character lineages, worldmap, world lore, creature design, and really everything that made me wail and gnash my teeth when faced of the prospect of a scrollslike that did the same thing. Dwarf Fortress’s implementation of this is well received. People on here are more than willing to pull coherent narratives together out of the disparate events that crop up in the simulation- For example, that post about the “Frozen One” Legendary Owl Lady that’s currently circulating. I think it requires serious goodwill towards the project to be willing to take the narrative threads produced by the game and run with them; a willingness to project a story into a space where one doesn’t actually exist, narrative apophenia. The source of the goodwill is also obvious; Dwarf Fortress is an Auteur project by an unbelievably small team whose dedication and love for their craft oozes out of every corner of the continuously evolving end product. So when they say the point of the project is to create a mill for new and interesting emergent situations, people take them at their word, meet them halfway, do the rest of the mythologizing and generation of meaning on their end. And I am a second-order beneficiary of that, despite the low likelihood I’ll ever get into the game myself.

If a triple-A scrollslike came out with an installment that integrated procedural generation at a similar level, nobody would extend it that same good will. Because by virtue of the kind of company that would be producing a scrollslike, the obvious incentive for involving those technologies would be to cut out as many human creatives as possible so they don’t have to pay them- in the process cutting out most of the human creative intent that is in fact a large part of what I’m paying for when I buy these things.

I think you can generalize something from this.

[askagamedev]

Some thoughts on the GTA6/Rockstar leaks

I’ve gotten a bunch of questions about the leaked GTA6 footage and I thought I would address them today. First, I want to say that I sympathize with the team. This is not how it was supposed to go and it really sucks that the leak happened. There are plenty of things worth getting mad at Rockstar and Take Two over, but this is not one of them. It really sucks when people rush to judgement on your work, especially based on wrong or out-of-date information. This is why publishers usually don’t announce games until there’s something to show. Every game in early development stages generally looks pretty awful.

Second, I encourage you all to read this post if you haven’t: 

[What are the negative impacts of leaks? How damaging can they be for the game?]

Leaks suck for the team because we can’t control the message and there’s always missing context that the leak doesn’t provide. You might see some videos of in-progress work, but you don’t know what the goals for each part of the game are, or how this feature is there to lay the foundation for a much bigger system to be built on top of what you see. There’s a ton of planning, discussion, prototyping, reviewing, and improving of the ideas, designs, art, and technology that happens over the course of the game. Without that context, there’s no way that any outsider would be able to understand what they’re even supposed to be looking for, let alone whether what they’re seeing is good. And there’s no way for us to give outsiders that context without basically showing everything including our discussions, our meetings, our dealings with licensors whose IP we’re using, our technical, scheduling, legal, and budgetary considerations, and so on. That isn’t feasible for a multitude of reasons.

The other thing I wanted to talk about is how the leaks got out. Given the nature of the leaked data - a large number of short video clips of in-development demonstrating features and the like - I suspect what happened was a breach of some kind from Rockstar’s chosen messaging app. I suspect this for a few reasons:

Messaging apps aren’t directly behind the company VPN. A lot of companies use Slack or Microsoft Teams for internal messaging, but they do not require the VPN to connect. I need to connect to my company VPN to sync the project, but I don’t need it for email or messenger. I can also access the company messenger app via my phone. This also means that somebody who steals my phone can open up my messenger app and have access to the full content there. It’s also a lot easier to steal a phone than it is a workstation.

Internal messaging is a necessity because many of us are still working from home and a requirement to coordinate teams in different time zones. GTA is an enormous project with hundreds of developers working on it, they are likely scattered across the globe.

The video clips weren’t only of bugs, but a lot of demos for features. If it were lifted from the bug database, the vast majority of videos would be of bugs. Short video clips shared to various channels in the messenger to show off new features coming online happens a lot. 

I will remind you that I am no security expert. This is 100% speculation. It is only one possibility that fits the set of facts and is nowhere near the only possibility. It could be this or it could be something else entirely. 

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Frequent Questions: The FAQ

[korkrunchcereal]

WoW Q and A

Elaborate on the Chains of Domination cinematic: Story of Anduin and Sylvanas/relationship with the jailer is foundational to Shadowlands. Anduin was dominated. Jailer needed someone like Anduin to be able to walk into Bastion and claim the key. Brief moment of Anduin gaining control in cinematic, so still in there. Chains of Domination will explain more.

When he (Anduin) walks past Uther, did Uther know what was happening or did he feel bad? Couple things going on. His hand touches his wound, made by a weapon of the maw. Uther recognized on some level that power, as well as stirring memories seeing this blonde, kingly figure. Confrontation with Sylvanas in the raid one of the biggest moments in WoW.

Moving from classic to BC while keeping a copy. Whats it going to look like for gold, items/banks. Am I going to see differences or is it two separate entities for all time? Logging in at pre patch will snap a copy of your character. There will be an option to move onto BC classic, or stay in vanilla classic. Can pay a fee and activate “clone” to put them on BC classic if you choose to stay Vanilla. Beta is around the corner. 

How will high population  numbers be handled in TBC classic? How will you handle bottlenecks, sharding, dailies etc. Recognize high population, want to make sure experience is enjoyable. Optimization improvements to help stabilize servers. Experience of rare material and multiple people going is part of the game. Willing to make targeted changes if there is particular problems. 

 Will there be more race/class combinations? Player agency and choice is major theme. Customization key, but also want to reinforce differences. Want to maintain a world that doesn’t have exact symmetry. Have gone back over the years to change things. For now, think they’ve gone about far enough. Nothing planned, but never say never.

 Surprise on Covenant armor? Based on heritage armor. Pure aesthetic, want to give players more and more options. Gameplay reasons to not tmog the entire range (warrior wearing cloth for example)

Workflow change during pandemic? Happened very suddenly. Team reached to each other to find comfort. The isolation found purpose for devs. Making Shadowlands/games help to reconnect friends and people.

Any plans to address faction imbalance? What happened to cause it? Something talked about a lot. Know there’s a very real problem, particularly high end. What caused the problem? Imbalanced in racials allowed to persist too long. At this point, don’t think racials are imbalanced. People staying Horde however due to social reasons now; compounded issue from all the way back from MoP etc. No real answer. Social issue requires social answer.

Have you ever seen a swing in either faction direction due to story elements? Across the game as a whole, faction balance is pretty good. Its raiding/high end PvE that the imbalances really emerge. Have seen faction switches/more cross faction alts in BfA for example. 

If I play BC, when I decide to play on main char and a classic era realm at 60, will I have to name change? You have your name in both places. Ensure people don’t park on names forever.

Any plans to connect more realms? Had to do survey across all populations in all realms. Essentially have to copy an entire realms database onto another. Not a flip a switch thing, lot of work. Have been able to address a large amount of the very low pop. realms. Had to pause for Shadowlands launch due to launch and Shadowlands had huge effects on server populations. Last time they connected realms was right before WoD, and realms had a LOT of queue problems. Watching and waiting for populations to go down before making the jump.

Never gonna have cross faction raids, dungeons etc? Not gonna say never. Essential to hold onto identity but...

Will our amount of Anima be increased later? Is it possible for sanctum upgrades to be account wide? Lot to collect. Hotfixed Anima drops so far. Looking for new sources of Anima for next patch. Over all looking at the costs. Cosmetics are generally account wide. Anima is designed to span the bulk of Shadowlands. 

Sire Denathrius is an eternal one and imprisoned. What will he do? Will we see him again? Best laid plans can adapt. During BfA, intended Bwonsamdi to be a one off. There, but no big deal. Once they heard the VA they went “we need more of this character”. Planned for Sire Denathrius to be there, you kill him w/e. Then heard the VA and went “this guys awesome we love him.” Changed plan to keep Sire Denathrius alive. Will find some other role for him to take. Watch fan feedback to see how community responds/gravitate to. He is in that sword, there may just be allies of him that would be interested in liberating him from the sword...

When will we see more Heritage Armor? As each one was released, got more and more excited from response/enhanced feel of the game. Working on further Heritage Armor. Some coming to near future updates, some more in the future.

Any plans to bring back the AH app? Not as you know it perse. It got turned into a lot of automation. Revamp removed app, then change of the AH. Meant to be more of a socialize thing then accumulation of gold by automated system. Recognize however convenience factor. Consider getting back into some form, but not like how it used to be.

Will there be more new character customization options for Shadowlands? None in Shadowlands. Tend to be fairly big projects. Release them when it’ll be very good for players. Lot of work to juggle. Felt like they got good feedback and support from it. Want to invest going forward when it makes sense.

What are actual requirements for flying in Shadowlands? Where can we fly? Can we fly across the realms? Shadowlands pathfinder no rep grind. Just requires completing full covenant campaign (9.0 and 9.1). Cannot fly from zone to zone. Once unlocked, alts will be able to fly freely. 

In the BC classic, will there be class tuning that would make it notably different than 2007? Broadly no. Want to keep the authentic behavior of final patch, like classic had. Seal of blood

Is there work being done on new Torghast Anima Powers for later patches? Spec specific, when can we see? WIll be done through all patches/future patches. new powers etc. As for powers working outside Torghast, keep OP nature of them inside Torghast.

Difference between passage of time in Shadowlands and in Azeroth? Salanar the Horseman in DK order hall said he was in the veil for what felt like days and it was between WoTLK and Legion. Meet characters for whom time doesn’t seem to have meaning. What is time a construct of? Order. On Azeroth, understand the passage of time because of influence of titans/order. Outside of the influence of order, time loses meaning. A lot more fluid. Shadowlands about eternities. Can have it perceived differently by different characters even going through same thing.

Bringing back 10-man content, either as different difficulty or different instances for smaller groups to tackle. All raid basically is/can be 10 man. These days its the 5 player mega dungeons that fill the role. In BC, ZA and Kara filled that niche of the smaller group doing the BIG, raid like content. Fulfills the spirit of 10 man content.

Will summoning stones be available at launch of BC or come later? Will have them at launch.

What’s Bolvar up to and where is his story going? Will he have a major role to play? One of the fun parts of Shadowlands was getting Bolvar back into the mix. We saw him be pivotal in Torghast and getting into Shadowlands. Saw there was a price to pay for visions with Torghast. He will be front and center in Chains of Domination. Good rallying figure.  

In BC, how will pvp titles be handled without battlegroups? Originally, reward was made for the best player in each battlegroup due to technical reasons. Now that they have better technology, fair way is % based, though still want to keep it small amount. 

In Stormwind, Darnassus refugees mention going back once the smoke clears. Does this mean Teldrassil can grow back and become habitable again? The damage was pretty definitive/lot of lives lost. Don’t want to reverse on a whim. The story of the souls of the Night Elves however is not yet done, nor is Tyrande’s story going into Chains of Domination and beyond.

Will fresh classic servers be added in addition to TBC servers? For the timeline of BC classic, no new classic servers. Eyes on it however for the future. Will discuss once BC launches.

How do you get the Wandering Ancient Mount? Got to have Shadowlands. Will be in 9.0.5 patch update next month (March). 

[rpgmgames]

January’s Featured Game: Tales From Toppletown

DEVELOPER(S): Leirin ENGINE: RPGMaker 2003 GENRE: Quest-based RPG, Comedy SUMMARY: As a reclusive critter living in the woods, your roommate Pip one day urges you to head into town and meet new people. But there exists a strange giant lurking in the mountains to the north...could this be a friend, or a looming threat?

Our Interview With The Dev Team Below The Cut!

Introduce yourself! Hello! I'm Leirin - a freelance illustrator looking to get into the fine arts. I love video games very much and this is my first time trying my hand at them. Hopefully there will be more to come!

What is your project about? What inspired you to create your game initially? *Leirin: I really liked the sort of "mental snapshot" aspect of games like Pen Pals, Very Pink Game, etc - and wanted to create something that was short, but warm and personal, too. Illustration can feel difficult to immerse people in, so giving them something directly interactive like a game is very challenging, but so far rewarding.

How long did you work on your project? *Leirin: Work began in late spring of 2018, so almost a year! (With many, many breaks to do other things along the way.)

Did any other games or media influence aspects of your project? *Leirin: I loved the Hamtaro games for the GameBoy and wanted to implement the format of interwoven character quests. The game's map is fairly small and confined, but I hoped it could still feel lively and populated like the areas in those games do. I also love For Frogs the Bell Tolls and it influenced a lot of the overworld graphics.

Have you come across any challenges during development? How have you overcome or worked around them? *Leirin: I use a Mac, so everything has had to be run through Wine - which has its hiccups! Mainly, copying and pasting doesn't seem to work?? So if text needs to be repeated, I have to manually type it all over again. In the future, I might like to look into something more efficient, but even with the hurdles, I'm happy with how things are turning out. The other obstacle is just the fact that I am doing this all by myself, minus my two excellent composers, so it can be easy to feel overwhelmed! Just take breaks, and work on other things too - it'll help keep creative juices fresh for your project.

Did any aspects of your project change over time? How does your current project differ from your initial concept? *Leirin: There were a few points where I wanted to increase the scope of the game - I considered having battles and a more involved story at one point - but I knew that if I turned my first project into something really big, it just wouldn't get finished. So for the most part, it's been about sticking to the original vision of a short, whimsical game.

What was your team like at the beginning? How did people join the team? If you don’t have a team, do you wish you had one or do you prefer working alone? *Leirin: The only other people on my project are my two composers - it was initially only Dustin van Wyk, then Twinkle Park joined the project and I am so thrilled with the music they both have written for the game. Indirectly, but I have also asked friends to contribute a few characters/character designs, as I wanted this to feel like a diverse town of people. I really love what they've come up with!

What was the best part of developing the game? *Leirin: Playtesting it. There's something a little unreal about interacting with your own creations, even if they just do everything exactly as you planned. (Well, if you programmed it right!)

Do you find yourself playing other RPG Maker games to see what you can do with the engine, or do you prefer to do your own thing? *Leirin: Yes, I do. It can feel limiting at times but when I play the other terrific things made with 2003, I realize it's still got a lot of potential in it. I'm really looking forward to the new Melon Journey that's coming out, which looks amazing!

Which character in your game do you relate to the most and why? (Alternatively: Who is your favorite character and why?) *Leirin: Most relatable--Waffle Boy, who is malnourished and miserable from exclusively eating food from his workplace. As for favorite...she must stay a secret for now!

Looking back now, is there anything that regret/wish you had done differently? *Leirin: There are maybe certain graphical aspects that are a little too plain/pedestrian that I would do more efficiently if I were starting the game now, but I think for a first project it looks pretty ok. What matters most is getting it done.

Do you plan to explore the game’s universe and characters further in subsequent projects, or leave it as-is? *Leirin: Everything I create more or less exists nebulously in a shared space I've termed the "Fluorescent Zone". Everyone and everything is connected, but not always directly. I might create additional material for Toppletown after its release if people want it - detailed character profiles, for instance - but otherwise, if the characters resurface, they will probably be in very different roles.

With your current project, what do you look most forward to upon/after release? *Leirin: I just really hope the game puts a smile on people's faces. It's a very simple and concise experience, but knowing that someone downloaded it and spent an enjoyable afternoon with it, or laughed at something in it, is valuable to me. And of course, I do hope people will draw fan art - receiving fan art makes me ecstatic!

Is there something you’re afraid of concerning the development or the release of your game? *Leirin: Again, some of the complications with creating the game from a Mac do make me worry on the technical side of things. There's also the usual catastrophes like everything getting destroyed in a fire or my laptop getting stolen, but that's the usual faire.

Do you have any advice for upcoming devs? *Leirin: Don't get too ambitious if you're approaching something new. Simple can still be really good and finishing something gives you the confidence to aim higher next time.

Question from last month's featured dev @torch60: What is the one biggest impression you want to leave on your players when they finish your game? *Leirin: A caring person is always nearer than you think.

We mods would like to thank Leirin for agreeing to our interview! We believe that featuring the developer and their creative process is just as important as featuring the final product. Hopefully this Q&A segment has been an entertaining and insightful experience for everyone involved!

Remember to check out Tales From Toppletown if you haven’t already! See you next month! 

- Mods Gold & Platinum

[longgonegays]

LGG’s Long Gone Days Chapter 1 (pre-update) Review

A year in the making!

PREFACE

In April 2018, I played through Long Gone Days for the second time. I had more of a critical eye after my first run through, and I wanted to write down my impressions. However, I got incredibly busy and wasn’t able to publish my initial reactions. As of now, I have played through the story a third time, alternating endings all the way, and even though the game is getting a MAJOR update probably soon, I figured I might as well post my thoughts and suggestions here!

SPOILERS BELOW

THE GOOD STUFF

Let me start off by saying that the art is phenomenal. I’ve loved it ever since the first demo was released in 2016, and it’s honestly one of the best looking RPGs I’ve played in a long, long time. The characters are interesting and have lots of room for growth, the music is atmospheric and cool, the devs are responsive, the story is unique, and the community is new and exciting! There’s so many good things. I can’t tell you how many people I’ve shared this game with. One of my friends even backed the indiegogo along with me!

As with any up-and-coming Early Access title, there’s bound to be mistakes or mechanics that could be optimized better. I’ve found many things that have the potential to make a greater impact on the player if done a little differently. However, I am no video game developer, so if any of my suggestions on the technical side are impossible, just know it’s not my intention to make the team do 500 more hours of work. :P

LET’S GET INTO IT!

There are different categories of issue. They will be sorted chronologically and marked as CONSISTENCY, GAMEPLAY, LANGUAGE, STORY, or TYPO.

TYPO: A pretty crucial one! The directions tell you to press X to shoot the drones in the tutorial, but when pressed, X does nothing. Z is the correct key.

CONSISTENCY: There should be a period after the word "half". All other notes at this point end in complete sentences, so it feels strange to not end the same way.

CONSISTENCY: The lowercase b in "Power bar" should be "Power Bar" since it appears that way in the Consumables menu, and it is properly capitalized when another one is picked up later on.

STORY: It's a little strange that the Shooting Range Clerk can fix a broken elevator card. I would've never related the quest to him; I actually didn't solve it the first time because I didn't think talking to the clerk was worth it. Unless there's a briefly explained in-story reason for him knowing how to fix them, another NPC beside him or even a sign with something akin to "Repair" in the description would give the quest direction more of a hint. (Just as an aside, it would be neat to return to the Kitchen Clerk and discuss what you saw thanks to the fixed card!)

TYPO: The description should read "has run out of batteries" and not "has ran". It would read "ran" if it were simple past tense (The watch ran out of batteries), but not when it's the past participle (anything with has/have). 

LANGUAGE: You could say "The following series of exercises only take five minutes at the time...", meaning it would only take 5 minutes to do them on the field, but it may flow better with the way the phrase is most commonly used, "...only take five minutes at a time", or just shortening it to "...only take five minutes."

TYPO: Instead of "Why are we hiding for?" it should either be "What are we hiding for?" or "Why are we hiding?"

TYPO: The real hut code is 07734, but afterwards, it states in both the Quest List and the Notes that it is 007734, which is incorrect.

CONSISTENCY: The Quests for Kaliningrad are available in the menu a little early. You have access to them before you get to the stone bridge on the right and fight The Core soldiers for the first time. The player hasn’t even met Ivan at this point.

TYPO: This is the beginning of the quest. "Found" should be "Find" since we haven't actually found her sister yet.

TYPO: “Forget” should be "I almost forgot", since "I told you I'd bring cake" is past tense.

GAMEPLAY: The "find the items" prompt only appears AFTER you collect the first item for Gleb's mother. Before that, it's just "convince the mother to go to Gleb's house". It would make more sense for the description to switch immediately to "Find the items" after she tells you which items she needs. (Sidenote: If someone accidentally clicks through the dialogue too fast, they'll have no idea what they're looking for. It may help to list Flower Pot, Painting, and Toy to show what items are needed.)

CONSISTENCY: Any time you talk to a group of two people, it's the same dialogue. It sets up the expectation that I'd just get the same words over and over no matter which person I talked to or in which order. HOWEVER, in Pay It Forward, the dialogue differs depending on which woman you talk to in the Residential District. You MUST talk to the lady on the left. I couldn't figure out how to solve this quest the first time because I didn't know who to look for (I thought I had seen all NPC dialogue since I already talked to the lady on the right). This is a minor gripe in the grand scheme of things, but I felt like I had to mention it.

STORY: Pay It Forward ends with you giving Anton the Conduct Pass. Yuliya (Downhearted Lady's Sister)'s dialogue doesn't change after progress reaches 100%, and she'll keep telling you to talk to the Residential District woman. A change in dialogue could help emphasize the fact that the quest is COMPLETE and no further action is needed on the player's part, just like the Business-Savvy Woman's dialogue changes after completion of the same quest.

TYPO: Just past participle again! "An uprising has began" should be "An uprising has begun".

TYPO: In the battle before you meet up with Ivan and Adair, an 's' should be added to make "Aggressive Soldier". I posted this one on the Bug Report forums a while ago, so I’m guessing it’ll probably be fixed in the next update.

GAMEPLAY: Maybe give a warning that Adair's going to heal you after the battle? I used a ton of my food for the first playthrough because I anticipated more fighting. Perhaps include some dialogue of Adair saying something like "I'll heal you properly after we fight the soldiers inside of the house." It would save some people from using too many of their resources too early and wasting them.

TYPO: "Why are you standing here for?" should be "Why are you standing here?" or the correct phrase, "What are you standing here for?"

GENERAL SUGGESTIONS

GAMEPLAY: You mentioned planning to implement the option to switch control keys, which is great. I think the second most popular suggestion is to Toggle Shift (and add Right Shift) instead of having to hold it down every time you want to run. Both will save a lot of fingers!

STORY: Instead of “[Enemy] has fainted” you can put "[Enemy] is down". It is ambiguous yet straightforward if you really want to avoid the word "dead". The fact that the Gun Drones “faint” as well seems questionable. Using “down” or “has been downed” would eliminate the strange phrasing and make a little more sense.

GAMEPLAY: More information in the Kaliningrad Quest descriptions! In Pay It Forward, it would be good to specify within the description that the sister has red pants. In Searching for the Cure, noting the location of the pharmacy would help, even if it just mentions heading North. In Animal Rescue, tell the player to head East to find the Animal Advocate; add a sign for the Residential District! In The Lost Girl, include Lynn's hints about a sandy / dirt-filled location. The very first time I ran around starting these quests, it was incredibly confusing trying to navigate the map effectively and remember which direction things were. Especially when the descriptions are so vague; you have to remember a lot of tiny details only referenced in the Quest Start dialogue, and there's no guarantee the player will recall all of them if they're solving a bunch of quests at a time. Small hints can go a long way.

GAMEPLAY: All quests appear to be able to be completed as soon as you enter the area. However, it would make things INFINITELY easier if they were sorted in "Not Started", "In Progress", and "Completed" tabs. It's a bit of a hassle to scroll through and find which quests you're working on, especially since they aren't sorted chronologically or alphabetically. Additionally, "Locked" quests could be greyed out ones that cannot be completed anymore or ones that cannot be started at that point in the story. Some organization would be nice!

GAMEPLAY / STORY: After playing the game, my friend had this to say: "One thing I would like to see more game-mechanics-wise is the option of using stealthier methods of taking down enemies. For example, when you can sneak around the gun drone in Kaliningrad nighttime, have it so you can utilize your high vantage point (the rooftop) to snipe down enemies and avoid direct conflict."

I absolutely agree that Sniper Mode should be used more. It only makes sense. Why charge into battle with a long-range weapon? Even if Rourke has other methods of fighting, wouldn't he want to prevent close-quarters situations in the first place? That guy even has his back turned! Ambush opportunities are not used effectively.

LANGUAGE: A LOT of the dialogue could use more contractions. For example, at the beginning, Lynn saying "They are here!" would take longer rather than "They're here!", and she'd probably want to get the information across to Rourke faster. This isn't a necessary fix, as everything is readable without contractions, and some characters may just have a tendency to speak like that, but it would make the dialogue seem more realistic and flow more naturally for most of the cases.

CONCLUSION. . .

Long Gone Days is a wonderful game. I would recommend that everyone at least play the first 30 minutes, because it is definitely something else. I still get very emotional at certain points, like that scene with the Civilian Fighter where they first speak in Russian but then try to sound things out in English, finally telling Rourke "We are counting on you. Good luck." It gets me EVERY TIME. It's such a good and powerful moment, couldn't stop half smiling half tearing up when I read it the first time. The text speed and how it was presented was really effective.

I loved the Boss fight as well! The fact that the morale boosting events were saved for the very end of that chapter made it much more impactful than the consistent battle-to-battle challenges in the demo. During my first playthrough, I had to stop myself from letting the Lieutenant use his Attack because of how freakin' COOL the art and animation looked! Everyone’s cut-ins are great!

Unsolicited Advice-Giving Soldier is also hilarious, and I think sprinkling that kind of humor in is very important in a game like this. :P

Overall, I love this game. I really want it to grow. It’s a lot of fun to talk and theorize about, and Chapters 2 and 3 should have no shortage of conversation material. With a bit of polish, Chapter 1 could be an even more effective introduction to the dangers the Kaliningrad Squad will have to endure in the future!

Thank you for reading! I’m looking forward to the full release!

[olegloshkin-blog]

First experience developing a game.

Hey there!

I’m Oleg Loshkin, a Game Dev student currently studying Games Programming at the SAE Institute in Geneva. I’ve got a brief background in illustration and after finishing up my current training I intend on studying Entrepreneurship with the goal to become an Entrepreneur in the Swiss video games industry.

For this post I’m going to talk about a recent experience relating to game development which is  my first experience in leading a game development team for a 3 months project during the first three weeks, until the stage of having a game prototype which is the stage our team is at during the making of this post.

To give you some context, the SAE Institute is a multimedia private school that offers training in Game Art and Game Programming. I am currently studying in the latter section.

By the end of the first year we are tasked with the creation of a full fledged game that is to be put on Steam and actually sold.

The process begins with people from different sections of the school being put in small teams of three people and two weeks later, the team pitches their idea for the game.

Based on that pitch, half the teams are eliminated and those without a project are to find a place in one of the remaining teams.

One week after that, all teams must showcase a prototype of their game and this is where the scope of this post ends.

Now, this is exactly the kind of experience I needed to acquire considering my aspirations, and so far, the project has taught me a LOT.

I am a pretty introverted person. I have only started to come out of my shell a few years ago, and having to lead a team, organizing people, making or sometimes enforcing decisions, ensuring that things get done on time is quite a deviation from my usual way or doing things.

So let’s start from the beginning: the game’s pitch.

Since I wanted to make the most of this experience, I’ve ended up being the one to take the leading role in our small initial team, and we ended up going with my suggestion for the game’s base idea: a platformer where you play a dinosaur heroine that chews chewing gum. That was the base idea.

From there on we started developing that basic idea and… we went waaaaay too far with it.

By the end of the first week we had “plans”, if you can call it that, to make a platformer meets an RPG that meets a brawler with waaaaaay too many features and gameplay mechanics that we would never have the time to implement in just three months. We were just excited to make a cool new game and just didn’t have the experience to realize that the ambition was set way too high.

Thankfully, we had access to some professional, heart blending yet true feedback in the shape of our Game Programming teacher who during our first meeting with him promptly destroyed all these exceedingly high expectations.

When you’re that invested in a project, even if you get ready for it, it always hurts to hear people point out the obvious flaws in your project, and the worst part is that when the feedback is true, you really don’t have the easy resort of just saying “That person’s doesn’t know what they’re talking about, I’m right, I’m gonna do things my way!”.

You’ve got no other choice other than suck it up and do what is necessary to address the issues even if it means abandoning aspects of the project you were really looking forwards to.

So by the end of the first two weeks, instead of a huge orgy of features of a game, we were left with a simple, yet doable project: a platformer where you play around with a chewing gum as a toy. No overly complicated story, no excessive amount of irrelevant characters and a simple and concise gameplay.

Then comes the pitching session. It might be an odd idea for players but for game developers, the pitch of a game is one of the most crucial elements of a game: this is the sole element that determines whether a game will exist or will disappear.

No Man’s Sky has demonstrated this idea perfectly: what has driven the project’s development wasn’t the mechanics or the gameplay footage nor was it the company working on the game.

The game gained it’s hype through it’s pitching, so much so that when the actual game came out, people were disappointed to discover the shortfalls of the project, having built up an amazing idea of the game in their mind only to discover that in reality, game development is much harder than just making promises.

Needless to say, keeping all that in mind put on me quite a pressure: whether the project lived or died relied on my performance in front of the jury. By the end of the pitching session, only half the projects would be kept alive, and considering the projects of other teams, there were quite a competition.

I had done writing the presentation the day before and just barely had my speech down. Leading up to our team’s turn I was on edge and the speech kept flying out of my mind.

Once it was our team’s turn, I walked out in front of the class with the mental state similar to getting ready to get hit by a truck. Yet once the presentation started, under the effect of the adrenaline (and Xanax I had taken earlier), everything just came back up whenever I needed it.

I went though the presentation smoothly, and while I didn’t perform the presentation with the eloquence of a Hollywood actor, I didn’t mess up the presentation by standing in front of the class like a deer on a highway in front of a car as I feared I would.

A few stressful hours later, the results were announced: we were not eliminated!

My reaction to these news was in hindsight quite funny:

“Oh sweet we’re not eliminated, wooahoo!”

”...”

”Wait. Oh no. We’re not eliminated, that means I’ll have to be the lead on this project for over two more months!”

As satisfying as the temporary victory was, the stress leading up to this moment had taken quite a toll on me.

But for now, I had no time to process any of it as everyone moved on to a session of brief interviews where the members of the eliminated teams had the occasion to talk with those that were left, suggest their candidature and get the team’s mails to later get into contact with them.

A brief note before I move on with the recruiting segment of the project’s timeline:

There were quite some talented artists that worked on the presentations of the other teams. There was a team for instance with gorgeous artistic direction showcased during the presentation, a team that has been eliminated to everyone’s surprise.

The team had by far the best visual presentation of their project, but they were nonetheless eliminated: The presentation wasn’t timed well.

While it was very clear, it was just way too long, and by the end of the five minutes they had to show off their project, there was still a lot of the presentation to be done with key elements like marketing. The team just didn’t have the time to say everything they wanted.

As a result, the jury just wasn’t able to attribute any consideration to various aspects of the project and therefore eliminated the team to everyone’s surprise.

This is a very good example of the importance of the pitch: if the team had the time to complete their presentation, they’d certainly be amongst the confirmed projects.

But back to recruiting. One thing that quickly became obvious to me over the recruitment period that lasted a few days is that you shouldn’t be asking for very specific roles when recruiting. We were looking for an Environment Artist, a Game Designer, a Games Programmer and a Technical Game Designer.

However, as people started joining the team, different configurations of roles would make more sense than others, so much so that an artist that initially proposed their candidature for the post Environment Artist ended up being a Character Artist.

Depending on the people you “hire”, the dynamics of the team changes and the roles of the different people in your team need to be switched around, so it is much better to just ask for “an artist” or “a programmer” rather than for a very specific role.

As we started to work together as a team of 8 people, things got much more difficult.

We have pretty much been accepting every candidature sent our way and in the end we’ve ended up with people of very different skills, very different schedules, very different work styles and different habits of communication.

As a result, in order to allow everyone to work as a team properly, as a manager I had to put a lot of effort into tracking everyone’s availabilities and progress, and I had to spend a lot of time just keeping everyone up to date with the project’s current state. In itself that isn’t particularly problematic.

In the end however, if working in a team with four people working at 25% yields a 100% total performance, producing the same effort in a team with two people working at 50% instead would yield more than 100% total performance.

A smaller team means that communication is much easier, there’s much less need to get everyone’s agreement to take a decision and you’re less likely to have to wait for a coworker you need to talk with to show up for work . All these factors mean that the same effort would produce more total progress since more of the effort is spent on the actual work and less on communication.

For these reasons, it is better to hire a few invested people rather than a lot of average people.

This situation, with way too many cooks cooking the broth has been worsened by an organization problem. Prior to having multiple Game Programmers in the team, I was the only one coding. Once the new teammates have arrived, I had been already concentrating on management rather than on code but the system I had laid down for the Game Programmers was way too complex and not documented enough for them to use it properly.

As a result, over the next week of the project the feature implementation followed the same bad pattern: I’d ask for a feature to be implemented. The feature would be done completely detached from the system that I had laid down. I would discard the work done by the programmers and redo the code myself integrated in the system.

This has led to a lot of frustration from both sides. The programmers were discouraged by constantly getting their efforts thrown into the bin and I was frustrated from feeling like I had to do the work my coworkers were supposed to be doing all the while exhausting myself and not leaving me any time to live a life.

This completely killed communication during a few days leading to the release of the prototype as I had no more time available to do my manager’s duties.

In the end however, we’ve successfully showcased our prototype, and whilst we have gotten a fair bit of negative feedback, we’ve also received some good ones.

From there on we’re currently rethinking the way our team is organized to remedy the problematic situation and so far things are going much better.

In conclusion, the start of this project has already taught me a whole lot and my general disposition as a project lead has changed. I have become more exigent, am going straight to the point and am much empathetic towards my teammates.

[kingdomoftyto]

Pokemon Vega Nuzlocke liveblog, part 1

(Yes, we’re doing a Nuzlocke again because there’s more drama and also I hate feeling joy) 

So strap on in, and let me share this whole new world with you

Before we begin, let me preface by saying sorry about all the restarts and hiatuses of my Uranium playthrough--grinding through the first half again was proving to be difficult to get motivated for despite me genuinely wanting to see the changes and the final section of the game. Maybe someday I’ll get back to it and finish what I started.

In the meantime, though, I figure what I need is a totally fresh start, with a new story and new Fakemon to dig into and experience. Hence, I shopped around for the best fangames with the most positive reviews (and of course plenty of Fakemon), and what I came across again and again was the Japanese-made Pokemon Vega. 

There’s a readme included with the game which explains that it’s technically a sequel to some other fangames, Pokemon Altair and Sirius (though my understanding is that they’re not as highly recommended, so I’m jumping straight into Vega). The file gives a full synopsis of the games to get players up to speed, but here’s a very quick summary: 

Three years after the events of RSE, Hoenn is bombarded by meteors in what is later known as the Hoenn Catastrophe. The landscape is drastically changed, with the southern half becoming a barren wasteland. The wildlife is also altered, giving rise to Meteoric Pokemon.

The villainous team is Team B.H., led by Wallace (the former gym leader?), which essentially wants to achieve "harmony” by installing a dictator to run everything. You also encounter Team W.H., led by Steven (Stone?), whose goal is to stop B.H. Team B.H. tries to summon Rayquaza to use its power to rule the world, but you stop them. Team W.H. is revealed to also be evil, and the two teams end up releasing Groudon and Kyogre to wreak destruction once again. 

Rayquaza shows up to put an end to the fighting, which also snaps Wallace and Steven out of some sort of mind-control. They were being controlled by one of the three most powerful and evil Meteoric Pokemon--Nemea. (The other two are Ganimede, which can confuse the senses, and Lilapse, which can distort space.)

You also go on a long post-game quest to Alto Mare, which is one big tribute to the movie with Latias and Latios. In the game, it involves an artificially-created Pokemon named Ordina, who was an experiment by Team B.H. and used to be a human girl from Pacifidlog Town.

“At the end of your adventures in Alto Mare, you set off back to your original hometown, Porcelia Town in the Tohoak region, to reunite with your father, a man named Professor Holly. And thus begins your new adventure...”

I assume that’s where Vega picks up. So with THAT massive loredump complete....

Hiya, Dad(?)

I’m not wowed YET, but I’m also not unimpressed! The style of the sprites looks as good as canon, so let’s hope the Fakemon designs are just as good! :3

Oh yeah, I think this region is Arctic-themed? Not a direction I’ve seen a lot of projects take--should be really interesting!

I’m playing as a girl because I chose boy in Uranium. I like the hair and layered top, but the skirt doesn’t really match the setting lmfao

gshgkebsghjkf he’s wearing Keith Kogane’s jacket

Oh! Neat!! Fangame devs must really love the Ranger series

Well, if the first option is his “canon” name, then he’s supposed to be Nathan. I kind of like that, so let’s keep it  ;P

There I am!! Cute earmuffs and all!

Okay, let’s grab our PC Potion and head out on an adventure!

Oop, long-dialogue screenshots won’t be as pretty as they were in my Uranium liveblog, sorry. Also, what?

...Ah, just giving me new Running Shoes and also a Town Map! Thanks, Mom!

Sweet, time to meet the Prof

Aww

Geez, Dad, let me get ten feet from the house first

And also, an old man in a top hat,,,,

Oh wait, no, Mosmero was mentioned in the prequel recap. He’s... *reopens readme file*... the Petalburg Gym Leader’s little brother, a weird traveling prankster who turns out to be--plot twist--one of the new Elite Four in Hoenn. He also advised the player to go to a place called the Sphere Ruins, where they encountered a legendary Pokemon named Asphere, which I think is supposed to be like the ULTIMATE legendary in that game.

Anyway

Ummmmm Dad please help

... He tells Mosmero to be quiet for a second while he asks his favor of Nathan and me: 

Right, go on

... “Please take an ecologocial survey” lmao I love this game already :’D 

I wondered how this was going to be addressed. Also, I’ve heard WORSE excuses for this kind of game mechanic, I guess lmfao

Are all of the cities besides Porcelia going to be named after gemstones? Because if so I’m going to get a lot of mileage out of SU jokes ghadsjkf

...

So Nathan accepts the mission and Professor Holly offers us our own Pokemon!

...But not before he hands something unnamed to Mosmero! :/ Curious

OOH. THIS is a good design! I like it! Let’s see what else we’ve got up for grabs

Eh, the design is good but it’s not my thing. I am curious what it evolves into, though.

Same as Liquiput. :P You know me, I’m all about the animals, so it’s not even a competition--Nimbleaf, welcome to the party!!

Hhhhh and let’s name him Deku! ;v; In honor of another small green boy I want to cherish and watch grow

And also the Deku in the Zelda series are plant people so

Of course he did

That ABILITY, tho!! Fire-type rival Pokemon??

Also Deku is Modest which is great lmao

And that’s... depressing, but okay!

Aw right one Tail Whip and some Scratches have never failed me before

O-oh...

When they said Peyero had high Defense, they weren’t kidding around

Um, shit

This fight never really counts in a Nuzlocke imo anyway, but shit

I guess we’ll Scratch one more time and hope they don’t get a crit, then Potion up and hope for the best?

SWEATS NERVOUSLY

WELL THEN

We’re already out of healing items and we haven’t even hit Route 1... We’re going to have to be careful as HELL in this Nuzlocke, I see

On the bright side, this seems to point toward Nimbleaf being a special attacker rather than a physical one, which lines up exactly with his Nature. As soon as I get some special attacks on him, he should be a force to be reckoned with.

Ominous

Anyway, out into the world! Let’s catch at least one wild Pokemon before wrapping up this long exposition-filled first post

omg

...

Ohhhhhhhkay so there are THREE different directions I can take from Porcelia??

East to Route 501...

...North to Route 517...

...or South to Route 518.

... Ah, on further inspection, 517 is blocked by trees that need Cut, and 518 is blocked by boulders that need Rock Smash. No tall grass anywhere to catch early Pokemon. Aww.

501 it is!

Here’s the map of Tohoak, by the way:

An interesting shape--I wonder if it’s based on a real world location

(Of particular note, by the way, the three identical-looking islands in the east are Fire Island, Ice Island, and Lightning Island. Legendaries ahoy?)

Oh hell yeah! This nice lady in a house on the route gave me Pokeballs just for being a rookie trainer!

And who will be our lucky first encounter...

All right, I’ll bite! 

... First route Pokemon, CAUGHT!

Hmm, I wonder what you’ll evolve into. Kinda giving me Ralts vibes, but also Clefairy, so I don’t have a clue.

Anyway, since she’s clearly associated with wintery imagery, let’s name her Persephone

Nice Ability! Also, she’s Ice-type and Gentle, with only Pound and Charm as attacks right now.

I’m going to heal up and grind these two up to level 8 now, just to be safe. 

...

I’m going to hazard a guess and say that this route’s wild Pokemon composition is roughly 75% Taillow, 20% Glachild, and 5% Pineco, so I really lucked out on my first encounter xP

Also Deku learned Absorb, and Persephone learned Powder Snow, so we’re all set with STAB-moves now! >:D

We’re leveled up and I found a Potion on the ground, so I’m feeling confident enough for our first Trainer battle!

Instant regret 

Taillow have proven to be tougher than you’d think, but I think we can take them. Especially now that we HAVE:

POWDER SNOW, YOU BIRDY BITCHES

SHIT, dude, it sure is!

Welp, Persephone is officially our powerhouse right now, so we should be in the clear for a route or two! 

And on that note, I’m going to end this first post. Thanks for joining me on another Pokemon fangame adventure! I hope we have as much fun on this one as on our last!

[somniarising]

Who Should You Hire to Build Your Web Startup? (Tips for Non-Technical Tech Entrepreneurs)

I actually get asked this question constantly, usually by friends who are looking to build a website or tech startup for the first time, who have an idea but don’t know how to actually create it. And if you are launching a web startup for the first time, then it’s probably one of the most important questions you’ll have to answer for yourself before you begin, as it can largely determine:

A substantial portion of your costs and how much money you raise

The quality of your product

How much maintenance you’ll need down the road and when you rebuild

How much equity you give up

Your success or failure

So here are a few of my own personal FAQs when it comes to building a web business for the first time, specifically in terms of finding talent and estimating its costs.

Should I hire a full-time programmer, a web development company or an independent contractor?

Independent contractors: they aren’t your employees and usually do freelance work on their own.

Pros: schedules and relationships with contractors are usually more flexible than those with full-time employees because you can start and stop projects and adjust hourly schedules as needed. This flexibility also implies you won’t get locked into the long-term cash outflow of an employee salary. Additionally, you don’t have to worry about employment liabilities with contractors (more on that later). Lastly, contractors are generally cheap in terms of equity because they work for cash.

Cons: my biggest problem with contractors is that they want to get compensated for their time and unfortunately not for their results. That usually means they have more incentive to take a longer to do any given job and additionally that they’ll do the minimum amount of work to earn their paycheck. I’m not trying to imply that contractors aren’t honest, because I’ve enjoyed working with countless contractors, but I am saying that they they’re first priority is getting paid while your first priority is getting a great product. It’s understandable because they have no long-term, vested interest in your company the way an employee does. Lastly, an individual contractor will require a lot of leadership and technical involvement on your part because you most likely will be the project and product lead if you have a small team.

Recommendation: remember, contractors usually want to get compensated for their time, so you’ve got to be crystal clear with your expectations up front. The more questions you can eliminate in the beginning the less likely the contractor is to say she didn’t understand what she was doing, and the less likely you’ll get sucked into a never-ending contract because you kept going through multiple iterations to fix constant mistakes. This alone can kill your business by pushing you over your expected budget. In the beginning, draft a comprehensive explanation of exactly what you want (a “requirements” document) and if possible provide visual mockups (I like to use a tool called Balsamiq – it’s easier than pen and paper and much more efficient). Then hold a meeting to discuss those requirements in detail, before you begin. The purpose of this meeting is to align your expectations and agree on a timeline. For one of my projects, I personally spent about 10 hours in a room with a contractor discussing requirements and negotiating a price before we began – it paid big dividends down the road. Once you do start, check in regularly – I’d recommend daily. I also highly recommend that you get a fixed contract with contractors whenever possible. This puts a cap on your spending and ensures that you’re paying for results and not time. Once you’ve taken those steps summarize everything in a legal contract, ideally yours. It’s usually difficult getting developers to agree to fixed-rate contracts, but it's worth putting in the extra time searching for someone who will, and the more detailed your requirements and mockups are, the more likely you’ll get your fixed rate. In my experience, contractors are great for doing quick bug fixes and straightforward feature builds on an ad hoc basis, but I’d hesitate to pay a contractor to build your site from scratch – unless you know exactly what you want, understand the technologies being used and are willing to put in the time as a manager.

Web development companies: web dev companies are teams of contractors - you hire the company, and it assigns its contractors to your project.

Pros: hiring a web dev company generally affords the same benefits of hiring individual contractors, plus a few more. One big benefit is the higher (hopefully) relative quality of work since you can presume the company has vetted all their employees and works according to industry best practices. In short, the work tends to be a lot more professional. A related benefit then is that of management – while you should expect to keep regular tabs on their work, the web dev company will usually provide their own product or project manager who will ensure that the contract stays on schedule so you don’t have to spend as much of your time doing it. This frees your time for strategy and operations.

Cons: this is arguably the most expensive (cash-wise) option, but you are paying a premium for all the above-mentioned pros. If you hire a reputable dev firm, you probably won’t spend under $10-$20K per month. In fact it's not unheard of to pay >$20K / month for a good dev firm. They’re also not going to be as flexible as working with an individual. They’ll want longer (usually a month at least) contracts and usually will want to use their own legal contracts instead of yours.

Recommendation: If you can afford the cost and you don’t want to be locked into a long-term employment contract yet, this is probably your best option if it’s a complicated project and / or if you are building your first product from the ground up, and particularly if you don’t feel comfortable having to actively manage developers yourself. Before approaching a web dev company, put together your detailed requirements and mockups – in fact, you should always do this no matter who you hire. Then get quotes from several different development companies and compare the expected quality and cost of them all. Make a spread sheet and do a cost-benefit analysis. Also, use your own legal contract if possible and try to lock down that fixed rate. Look for web dev companies like Happy Fun Corp who have extremely talented, communicative and professional engineers, world-class client bases, and founding teams with successful track records running their own tech startups. And of course, look at their prior work – odds are, if you don’t like the websites they’ve built in the past, you won’t like the site they build for you either.

Full-time employees: employees are dedicated, formal members of your team and usually work on a longer-term basis than contractors.

Pros: the greatest benefit of hiring a programmer as a full-time employee is alignment of interests. Full-time employees have a vested interest in your company, both in terms of the time they devote and the quality of their work because they share in the success and failure of the company. In my experience, employees do a far greater job than independent contractors and are much more likely to go the extra mile when doing both what is asked of them and also when coming up with new ideas and features on their own – this is the innovation factor. Shared interest is especially strong if your employee has real ownership in your company (equity, options, etc.). As a general rule, the younger your company is the more equity you should expect to award, which is true because anyone joining your team in its early stages is taking a major career risk by coming on board and must be compensated for that risk. In that same vein, the more equity you award the less cash you can likely expect to pay, implying that if the equity is great enough you can save a lot of cash on this option relative to what you’d pay a contractor or development company. In some cases, this can be a cash-free option even. Assuming you are compensating with both, however, I’d expect to pay an annual salary of $60 - $150K (and in several cases more), plus equity of between 2% - 30%. It’s all negotiable, and your final terms will depend on how talented the person is, how much you need him and what your budget is among many other variables. On a side note, having a dedicated tech team, even one person, actually helps your marketability to VCs and angels as well as ensures your business stays lean in its ability to constantly iterate the technology – this is the name of the game in startups.

Cons: hiring a full-time programmer is probably the most difficult option of the three because of the lengthy diligence required to identify and then sell the best candidate on the job, and then because of the enormous risk you are taking by placing so much faith in any given hire. In a startup, every single person on your team is a critical component, and making the wrong hire can literally sink your ship, especially when that person is building your product. In terms of compensation, if you’re paying a salary this option will lock you into a longer term cash outflow and as mentioned will also usually cost you some equity. Additionally, with full-time employees you as the business owner must consider all the legal implications such as worker’s compensation, tax liabilities, unemployment insurance benefits and others. Similar to hiring individual contractors, employees must be led, so you’ll have to devote a substantial amount of time to either hiring someone who understands both the minute details and the big picture, or you’ll have to play an active role in technology decisions.

Recommendation: If you’re looking to build a complete product and you need dedicated, long-term support then hire a full-time programmer as an employee. Because this is a long-term decision, you must identify someone that can take full leadership over the technology aspect of the business and whose competency you absolutely trust. This person will likely be your lead programmer or CTO if you have no one else. Finding truly great talent is difficult enough, but to retain it you have to compensate for it. If you don’t want to give up equity, then expect to award a competitive, if not higher-than-average, salary. If you have no cash or are trying to save it then expect to award a big chunk of equity – it’s a tradeoff, but it’s worth it. Remember, the benefit of hiring employees is alignment of interests, and if you want someone to go above and beyond and work those 18-hour days alongside you, you’ve got to pay for it. In my opinion, award the equity and be generous with key employees (which is absolutely not to say be careless). Make the employee vest over time, meaning the equity is only awarded upon completion of various milestones. If you’re absolutely opposed to allocating equity – and I know some who are – consider it this way: in the beginning one of the biggest challenges you’ll face is that of raising enough funding to build your product; raising funds usually implies you’ll have to give up equity to an investor anyway, who’ll then give you cash, which in turn you’ll pay to a programmer. What I’m trying to say is if you award the equity directly to the employee, you either don’t have to raise as much investor cash to begin with, or you can build a product first and then raise cash on better equity terms later on in the game.

Which programming language is best?

This is a common question you’ll face when you start interviewing people because many of them will be proficient in different programming languages. I’ll refrain from listing all the different languages and their merits because as a non-technical person you won’t necessarily understand all the differences and nuances enough to really decide on your own anyway. I didn’t when I began. Instead, I’ll point out a couple considerations that should help you make an educated business decision, which you can do.

Consider competency: strongly consider building your site in the language that your best candidate wishes to use.

Consider flexibility: go with a language that is well known, widely used and which has a large developer community so that you can plug and play talent if you need to. You wouldn’t, for instance, hire the only person in the world that knows language X, only to then become dependent on that one person any time you need something fixed or built. Using a well-known language will allow you to more readily find people down the road when you need them and at lower rates. Ruby on Rails and PHP are good examples of these kinds of languages.

Where should you begin your search?

Universities: visit them, post job listings at them, make friends with deans if you have to.

Craigslist.com: great source, believe it or not; cheap listing fees.

Startupers.com: highly focused on tech community; cheap listing fees.

Odesk.com: great especially for finding “cheap” overseas talent; free to list (remember, you get what you pay for).

Meetup.com: great for meeting groups of talent in person; free to list.

Devbistro.com: free to list.

Mashable.com / Tech Crunch.com: great exposure for your listing; expensive listing fees.

Recruitment agency: usually expensive, but there are some good ones like Manastaff.

Social media: use your personal network (LinkedIn, Facebook, Twitter), you might be surprised.

General words of wisdom

When dealing with programmers, you’ll get a lot of answers in the conditional – the sky is never blue, the grass is never green – because engineers tend to frame their problems in the ethereal and theoretical. If you wake up in a cold sweat because you’re dreaming of strangling a programmer (actual story told to me by a non-techie entrepreneur friend), don’t be surprised. The key is to understand from the get-go that you are not building a tangible product like a house, and therefore there is rarely one straightforward solution to any given problem. With software and web engineering, there are multiple different solutions to any given problem and several variables and constraints to account for (architecture, scalability, quality, speed, etc). You as the business person need to be the bridge between the theoretical and practical sides of the business. Be as detailed as possible. Over-communicate. Constantly align on expectations. And behind the scenes, allocate at least twice the capital and time for any quote ever given to you. Go for fixed contracts. And lastly, balance treating your people with respect with being firm on expectations. In other words, try to make it a relationship where you both benefit.

Have friends or relatives starting their own businesses or who are looking to get a programming job at a startup? Share this with them!

Original article here : https://www.forbes.com/sites/shanerobinson/2012/11/01/who-should-you-hire-to-build-your-web-startup-tips-for-non-technical-tech-entrepreneurs/#c5cd9f22a38a

[allenmendezsr]

How To Create An Iphone Or Ipad Apps And Games Succeed In App Store!

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How To Create An Iphone Or Ipad Apps And Games Succeed In App Store!

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    $ 63,896.21 USD last month?

Looks impressive? I bet it does!

But now, let me tell you the ugly truth.

It looks like I am raking in money now, but the truth is that it was not always like that! Just 6 months ago I was completely struggling. I had no programming skills, no team and no money. The only thing I had was a great desire to create the game of my dreams.

Since childhood, I always had a dream to make it big. I was thinking my game over and over again and again during the sleepless nights, imagining the characters and heroes, levels, gameplay tricks… etc.

Does that sound familiar to you?

To be honest, I am a big fan of the iPhone, so I did not even consider the idea of creating games for anything else but the iPhone or iPad.

But I was missing the main thing – I had no team and no programming skills at all. Even worse – I did not even have a technical education!

Over and over again I have been reading the blogs and reports about the Gold Rush in the Apps Store where small guys like you and me achieved immense success by creating simple but great applications or games!

Did you know that guys from the Top Applications part of the App Store are selling over 35,000 copies a day!

35 thousand!

If you sell your app for $0.99 and get $0.70 from it after all apple commission cuts you are left with pure profit of $24,500 USD per DAY! Well, you can’t live with that but that is a good start, isn’t it 🙂

This thought would not let me sleep well. Of course I did not live in the illusion that I would get on top with my first app but you know me already – I am a kind of guy who always wants to reach the stars!

So my target was to get into the Top100 Apps at least.

Here is what I did. I decided to take it really seriously. First, I bought all the books available in my local Barnes&Noble store and on Amazon as well. Everything from Iphone Development for dummies to the advanced experts-stuff.

Oh boy, that was a real head ache to read all that stuff. It took me about 3 months alone to read all those books.

And you know what?

After I tried to implement the knowledge I was totally disappointed – most of the printed books turned out to be completely outdated. You know it is a long process after you write a book, it goes to the publisher, stays in editing for weeks, then the printing office keeps delaying it again and again. Then you need to distribute it throughout the country to local shops etc.. And the things change so fast. Once iPod was released, next year iPhone, then iPhone3GS, then iPad, then iPhone4, iPad2, iPhone 4S, iPhone 5… the list goes on and on. Things change so fast and these printed books can’t even catch up. Most samples were outdated and never worked for me. What a bummer.

So finally after reading all this crap my head was ready to explode and I decided to take action. My first game was supposed to be the simple “Hidden object” game –you know where you tap the screen to find the hidden objects. I found out that these kind of games are very popular among people and I figured out it is pretty easy to make it – you simply need several images properly cut into layers and a little bit of coding.

Getting a developer account with Apple was pretty easy, so I went ahead and opened it and started the development.

Since I had no one to help and guide me – I guess I spent 3 times longer than average creating it than I actually needed to. In about 2 months of sleepless nights my game was finally ready. The approval process from apple took about a week. This week of waiting was the most frustrating time for me, it felt like time itself stopped… I got so nervous my hands even shook. What if they disapproved of it? I have read tons of horror stories about developers failing because Apple did not accept their game or delayed approval for months. I could not even sleep. I was checking my email and Dev account every minute to see the desired “your App was approved” message from Apple. I was so noxious I even sent 3 followup emails asking apple why it takes so long. Don’t do that guys, I heard you only make the reviewers angry if you display impatience!

Finally I got approved and the sales started! I went to bed dreaming about loads of cash rushing into my pockets.

And can you imagine what happened?

I failed miserably!

The next day, when I checked my sales, I saw the devastating numbers – 16 copies sold. Total net profit: $9 … Well, obviously not the kind of numbers I was expecting…

Next day – 11 copies, then 8 copies, then about 2-3 copies per day during the next week. After 2 weeks my total net profit was around 50 bucks.. Sounds like now I have enough money to invite my girlfriend to McDonalds, right… what an epic failure.

And here is why.

Creating a great app or game is only part of the story. The most important part is how to sell it successfully and get on top of apps store sales. That’s what most developers are missing, failing one after another in their efforts to live their dream. They put all their efforts into the development and miss the most important part – successful marketing! Even the best app can remain totally unknown if you fail to market it properly.

Once I realized this, I decided not to give up. So I spent the next 6 months making the comprehensive market research. I contacted 135 top apple apps and games developers asking for help and advice. As you may expect, 90% of them simply ignored me. But you know I am not kind of guy who gives up easily.

Those 10% who replied gave me knowledge you’d never find in books or on the internet.

I could personally meet some of them and receive the most valuable insider information on how this market works. Oh you can’t imagine how it turned my worldview upside down. Nearly everything I learned before…

…was wrong.

That’s how top developers keep the information from small guys like you and me so they can rake in money, while we can’t even sell 10 copies! Did you know there is a list of elite developers who get fast approvals, premium placing in “What we are playing” and other top ratings & benefits?

All this information is well kept secret from us…

… so no surprise thousands and thousands of new developers who enter the market fail one after another. While you get confused reading and learning hundreds of ways of advertising your app – these guys use only a couple of ways that really work and don’t even waste their time on others…

Where to advertise the app? How to get traffic to the page? Should I order paid reviews or not? Should I create blogs? Do I need to make support forums for my game? Should I make my app free and earn money only by selling Ads inside, or is it better to get rid of ads and sell the app itself? All these questions could leave the newbie developer totally confused and as a result – on the road to total failure in achieving success in the apple store.

Let me tell you this.

Like Tony Robbins once said “Become the best by modeling the best”. Find out what the best developers do and mimic their techniques, use their secrets and tricks and you will become successful. Don’t try to re-invent the wheel. Use what is already working! Don’t spread out efforts on useless stuff that takes up your time but never brings results.

And you know it already – you’ve seen the proof before. Once I started implementing these ideas my sales started to go up and up. Literally, through the roof. Now my girlfriend and I are even thinking on opening our own McDonalds on the franchise next year on a $506,000 investment and 45k/year franchise fee so we can secure my profits in some real offline business. Well.. Ok ..maybe mcdonalds sounds too crazy, but if not McDonalds, I can predict we’ll buy some luxury apartment on the California coast for sure.

But after all that, I still realize that I owe my success to the few generous people among the top developers who decided not to ignore me and help me out by sharing their valuable knowledge with me. Without it, nothing could be possible.

That’s why I decided to gather all my knowledge and resources and put up a comprehensive course on iPhone and iPad development secrets.

My main goal was to make a full multimedia course that I can easily update on a monthly basis instead of writing the boring printed book that will become outdated even before it comes on the store shelf.

Secondly I wanted to make my course really newbie friendly. The arrogant expert authors are so proud of themselves that they don’t even bother to explain the details for people who are just starting out and don’t have any programming knowledge at all. They all assume you are at least expert in C++ before you start learning XCode and other iphone development stuff.

I decided to change this approach completely. You know I had no programming skills at all when I started out so I don’t expect you to know anything about programming. You don’t have to have any technical knowledge. If you can operate your iPhone and basic computer software – that’s all we need to start.

What does that mean to you? Well it means that you won’t have to spend 12 months and tens of thousands of dollars figuring this out like I did. More importantly, it means…

… you can start creating your own app or game today and making money with it tomorrow.

Here is what my course is all about.

During the 4 weeks, I am going to take you by the hand and follow through the whole process of creating your first app or game. I promise – we’ll do it the easy and fun way. No boring theories, no hard core programming, no useless stuff. Only practical information and step by step instructions!

Here is what we are going to cover in the first week.

Like I mentioned before, I don’t expect you to be an expert right of the bat, so first of all we are going to cover the great variety of basic information on how to start and apply yourself in different areas of game and application development: from creating your first “Hello World” application, to developing your first game with Cocos 2d toolkit. Did you know that Cocos 2d is considered one of the easiest ways of creating good Apps and will be the most used toolkit next year?

You will also discover how to create your first web using iWebKit and animated application using Adobe Flash CS5. We’ll also discu ss how to debug your application and get rid of the bugs so you have all the knowledge necessary to dive into more in-depth information over the following weeks. And like I said – it’ll be painless – we’ll do it the easy and fun way.

In Weeks 2&3 you will discover different iPhone development tools starting from simple Xcode to more advanced stuff like Cocos 2d & iWebKit secrets & tricks. Let me warn you – even if this may sound complicated – I put my information, tutorials and samples in such an easily understood manner that you can feel yourself becoming an expert even if you are a total newbie!

We are also going to learn the 2d and 3d editing software for game and app development and some sort of “cheat”-kinds of software & tricks – for those of you who want to use advanced stuff without wasting months on learning it. That’s why I call it “The lazy person’s guide to success” – I just give what you really need and don’t waste your time describing stuff you will never use!

As a result of week 3 you will have your first game or application ready to go!

In the final week we are going to cover the most important part of the story – how to market your game and finally make money by selling it in the App Store. Time to get the money rolling 🙂 Let’s be honest with each other – after all, you want to make good bucks with it, don’t you? I have prepared a lot of good, fresh, updated stuff on how to market your game, and where to get the dirt cheap targeted traffic!

We’ll also cover the most recent trends in game development – what genres are popular now and in the next year, what are the best converting ways to promote the game today and next year.

[aurelliocheek]

Book of Heroes: Making a new The Dark Eye game

A new Finnish studio is bringing the tabletop feeling to the screen.

The Dark Eye (original: Das Schwarze Auge) is a true classic. The roleplaying game was developed 36 years ago by the German Ulrich Kiesow and laid the foundation for hundreds of novels, board games – and video games of course. Since the last one, The Dark Eye: Blackguards 2 by Daedalic, five years have passed.

This summer a new game brings the players back into the fantasy world Aventuria. Like in the original Pen&Paper game, The Dark Eye: Book of Heroes is about role-playing together with your friends. Four players combine the specialities of the different species and professions to overcome enemies, puzzles and challenges in the myriad of procedurally generated maps. Twelve different professions and eight individual storylines should provide long-lasting gaming fun. Book of Heroes is the first game of new Finnish developer Random Potion in collaboration with publisher Wild River Games and DSA rights holder Ulisses.  We talk with Creative Director Arto ­Koistinen and CEO Kirsi Rossi about the development of The Dark Eye: Book of ­Heroes.

What kind of game is Book of Heroes? Arto Koistinen: BoH is an RPG for busy people. There are plenty of ­action games with similarly easy ways of dropping in and out, but no real roleplaying games like this. Kirsi Rossi: Book of Heroes is a game that consists of several shorter adventures that form longer stories. All the RPG elements are there but compared to the epic RPGs that require hundreds of hours playing, BoH gives you an easy way to play when you have time, or your friends are online and you’d like to play a couple of hours with them. It also doesn’t require a long time to get yourself familiar with the system, so it’s easy to start playing it but of course for the ones who’d like to immerse themselves into an epic RPG the experience is not that deep.

Only part of the Random Potion team is enjoying a summer day in Tampere, Finland, before working on Book of Heroes.

Please tell us briefly about your career in the gaming industry. And how it all started with Random Potion? Kirsi: I haven’t worked with games before. It’s been something that I have thought about earlier but because I don’t have a developer background there are less opportunities, though the situation has changed a lot recently when there are more big studios. I joined Random Potion when Arto asked if I’d be interested in to take care of the business side of the company three years ago. Entrepreneurship is something that I have wanted to try, so it was a perfect opportunity for me. Arto: I started in the industry in 2007 as a game designer for mobile games, the company worked solely on licensed games, so I did small games for big brands such as Star Wars and Pixar. After that, I founded my first company Dicework Games, where I did programming, design, writing and business, so pretty much everything else than art or music. I’ve also worked at Kyy Games, another local company, in multiple positions. We started Random Potion with a group of friends from the industry, mainly because we wanted to work together on new projects. Book of Heroes was an idea I’d had in one form or another for several years, and finally, the pieces for the design started coming together. In retrospect, it was probably too big a project for a new company, but fortunately, everything turned out well!

How big is your team at the moment? Do you hire? Kirsi: We have ten people at the moment in the company and in our team. We don’t hire at the moment.

How did the collaboration with Ulisses and Wild River come about? Kirsi: We met Wild River a couple of times at game events like gamescom where we showed our game demo and later how it as progressed. Later on, we started to talk about the collaboration with Wild River and got introduced also with Ulisses.

Arto: I also attended a convention hosted by Ulisses where I met both the Ulisses people and the fans, and it was a great experience, and especially awesome to meet all these people very enthusiastic about The Dark Eye.

How close do you work together? Kirsi: We have weekly meetings with Wild River’s producer, and we also use Slack, where we can chat when there’s anything to ask, comment etc. If we have questions of the Dark Eye universe, we can also talk with Ulisses, and they have provided us with a lot of material and also checked the stories that are in the game so that they don’t conflict with the DSA universe.

Unity is the main development tool. If for beasts, items, or entire portions of the maps — it will end up in Unity.

What are your sources of inspiration? Kirsi: Overall, for me, I love old-school RPG games. I remember when I was a kid and got often stuck to Mario or other similar games because I wasn’t that good and patient enough to practise. When I found RPGs, it felt like coming home because I didn’t get that frustrating feeling of playing the same setting over and over again (or asking someone else to play it for me so that I could continue the game).

Arto: Baldur’s Gate was a big inspiration in the beginning, especially for the core gameplay, visuals and controls. We opted for a different approach in meta though, having bite-sized adventures connected by personal stories instead of a big epic campaign. Of course, there is also a lot of influence from roguelikes, of which my favourite is probably ADOM.

Are you fans of The Dark Eye? Kirsi: The Dark Eye is not that well known in Finland. I like to play tabletop RPGs and also try different games, and it’s been great to get to know also The Dark Eye. I am a big fan of monsters, and there are many that I like in the Dark Eye. I also like lizardfolk, and it would be great to have them somewhere in the game… (smiles) Arto: We are now! (smiles)

Did you play previous TDE games? Arto: I had played Chains of Satinav before the project and when we started also played Memoria and both the Blackguards games.

How did you get the game design process, what was your approach? Arto: We already had a vertical slice of the game that used a different system when we started working with The Dark Eye. In the pre-TDE project, we had a pretty ad hoc process where we knew the high-level design and where we wanted to go but did the concrete design as the project progressed, seeing what worked and what didn’t. When we started converting that base to The Dark Eye, we first took the rules and decided what would work for our game and how and what we had to drop out. I’m happy to say we got a lot of the core rules in and even some additional ones from the other sourcebooks! There was a lot of back and forth with Ulisses for the storylines so everything is canon for the setting. We’ve also tested the game with fans of The Dark Eye and integrated that feedback into the finished game.

Kirsi: I am not involved in game design as I am more of taking care of the company and project itself, e.g. schedules and communication with the publisher. However, because we are a small studio, I have tested the game a lot (over 100 hours of gameplay…). I also like to join the game design meetings and encourage everyone in a team to be involved because I think it’s important that everyone has a feeling of ownership of the project.

Even though Book of Heroes is a co-op game by heart, you can embark solo on the adventures and hire some henchmen for the quest. For a price.

TDE is known for it’s unique system of dicing samples. How did you implement this system to the game as algorithm for the gameplay? Arto: We have the skill system in the game pretty much as-is, the game handles the skill rolls when need and shows the results of the rolls to the player, along with all the three dice rolls and the final Quality Level. Some rolls are automated by the game (e.g. Perception), and some are initiated by the player (e.g. Picklocks).

In which area will the game take place? Arto: In the Middenrealm, mostly concentrating on the west, Kosh and Northmarches areas.

Book of Heroes is a Coop-RPG. Why is the multiplayer approach important to you, and how challenging is the implementation? Kirsi: We chose co-op because we wanted to make a game with a similar feeling of playing together like in tabletop RPGs. In tabletop RPGs I can still remember some game sessions many years ago, and I think that it’s players who bring the game alive. Multiplayer itself is absolutely more challenging technically compared to the solo game and also for a new team like us many people advised not to make a first game multiplayer.

How important is the story in Book of ­Heroes for you? Kirsi: There are several different stories, and also the players with whom you play have their own stories. I think the story is important, but for me, it’s also important to have fun instead of just advancing my own story. I hope that game can give a nice setting to meet friends or completely new people.

Arto: Theirs is actually more story in the game than readily apparent to the casual observer. We’re especially invested in ­player-driven stories, and the character creation takes a story-first approach, where every choice you make tells you a bit more about the character’s background. The personal storylines are also a very important part of the game, and while you can mostly skip them if you want, they contain a lot of lore and world-building.

Talking about the development process: What problems did you encounter in ­g­eneral, and how did you deal with them? Kirsi: In game development team the fascinating but also challenging part is that teams are multi-disciplinary where there are programmers, artists, business people etc. and everyone has their own way of working. It’s important to bring devs together because making games is teamwork and it’s important to understand how my work is affecting to somebody else’s.

Arto: One of the biggest challenges is making everything work together in a game that has as many moving pieces as we do – and in multiplayer too! Getting a feature or a piece of content to work is one thing; getting it to work in a multiplayer environment is a completely another. We’re also balancing between meeting the expectations of a multiplayer RPG and a TDE game, which can be tricky because those expectations can at times be ­conflicting.

The combat feels a lot like the tabletop original. Hence the dice symbols and the numbers.

Which aspects are the most difficult to ­i­mplement. Do you also have to leave something out? Kirsi: We had to leave a lot of things out, and I think it’s an on-going conversation because time is limited, but there would be so many ideas to bring alive.

Arto: Pathfinding in a multiplayer game with procedurally generated levels has proven to be a hurdle, but fortunately one that’s now behind us. Then there’s the adventure generation where we want to have maps that are interesting enough but should never be incompletable.

Which engine do you use? What advantages does it offer you? Arto: We use Unity. Personally, I’ve been using it for over eleven years, and it’s a fine engine that gives us most of what we need out of the box and also has great support in the form of community and available ­plug-ins.

How do you feel about crunchtime? What experiences have you had with crunchtime in recent years? Kirsi: I haven’t worked before in-game ­studio so I have only read about the crunching. We don’t crunch, and if a dev asks can s/he do work e.g. on the weekend, it’s always temporary solution and extra hours can be used later to have an extra day off. Personally, I am a bit of a workaholic, and it’s been tough to learn to take time off because being an entrepreneur work basically never ends, but I have also noticed that it affects to the quality of the work if I do long time work in the evenings and weekends.

How hard is it for you to deal with the corona crisis? Does it influence the completion and release date? Kirsi: We have been working completely remote one month now, and we have short daily meetings online every workday. When the crises started, one challenge was to get the computers to everyone because we have tabletop computers (gaming laptops are more expensive compared to the tabletop ones). Crisis doesn’t seem to influence to the completion of the project, but I keep my finger’s crossed that nobody catches corona.

Kirsi Rossi CEO

Kirsi is the CEO and Business Developer at Random Potion. Being a free spirit, she has travelled around the globe and lived on three continents. Professionally, she has worked in B2B marketing and events taking care of administrative tasks. She has a MBA in Knowledge Management and she about to graduate in MTech majoring in entrepreneurship.

Arto Koistinen Creative Director

Arto is a game developer who has been a game designer, programmer, CEO, writer and some other things in his 13 years in the industry. He has worked on small mobile games for big brands such as Star Wars and Pixar, made an award winning RPG Rimelands: Hammer of Thor, and written very punny jokes for Knights of Pen and Paper 2

The post Book of Heroes: Making a new The Dark Eye game appeared first on Making Games.

Book of Heroes: Making a new The Dark Eye game published first on https://leolarsonblog.tumblr.com/

[heatherrdavis1]

Ethereum 2.0 Confusion BTC Hash Drop Bitcoin Going Viral Ethereum Like Facebook & Fixed Rates

VIDEO TRANSCRIPT

Low where everybody, welcome back for another video. Hope you’re all doing well and that you’re all having a great day to start things off in. Very confusing. Weird. Odd. Don’t really no news. With a newly launched multi-client test net Theorem 2.0 is on track to meet its phase zero pre launch requirements. In theory, I’m co-founder of Italic, Budarin said on Monday, kicking off Quoin Desk’s Consensus Distributed Conference Beta and discussed the latest progress. In particular, he highlighted the recent release of the first Ethan 2.0 multi-client test net. The launch of the new network, dubbed She Lazy, is a major milestone for a Theorem 2.0 development. It is, or since it is a what? It is a yes. It is a hard, prelaunch requirement that two or more compatible clients run a test net together for at least two months. Right now, the sleezy network features two clients. They are Lighthouse and PRISM, the tech who and nimbies clients have also sinked with lazy and will soon run their validators on the test net with four clients and to operate on the test net. Lazy is laying the ground for the official multi-client test net that the theory and foundation will deploy in the near future. Here we go. Justin Drake, a researcher at the Theory and Foundation, previously said that the team is hoping to release phase zero may net before the 30th of July, the fifth anniversary of the theory and 1.0. But the launch schedule pushed repeatedly from the initial date since January quarter three, January 3rd of quarter two to now quarter three. It is unclear whether the project can follow through on the July timeframe. I’m pretty sure you see where this is all going. This one tying directly into this hearing reports of a July launch date, Theorem 2.0 Metallic Budarin said he misheard the question at a conference and now clarifies further as to the launch of the official launch of Winning Theorem 2.0 is going to be in a response on Twitter conversation discuss the July launch date. Vitaly responded by saying, Yeah, I did not say July. Perhaps the question contained the word July, but I did not hear July when it was asked. OK, I definitely should have heard Juline the question. It was my mistake. End quote. It happened yesterday at the virtual conference consensus, which is currently underway. Vitaly notes that he misheard the question when the when the confirmed what who wrote this? Which confirmed the launch is still on track. Early on February, another developer seemed to have 95 percent confidence in a July launch, which was then referred back to the reports to which he gave a thumbs up. Later in an e-mail. This is ridiculous. Later, in an email response to Coin Desk, the organizer of the conference clarified. My actual stance is that Ethe too is on track and that there aren’t any unexpected bumps in the road. Test nets are coming along, etc.. But I defer to the club. Calev client devs on timelines and if they are now saying quarter three more broadly than I believe them, since 2019, the developing team has made progress with a series of initial launch of the second chain, but none can. Who wrote this? But none complete. The last significant development was the initiation of the proof of state protocol, but only a on a public test net without daps applications as mark contract platform. So for those of you who are not paying attention. The news that we are getting right now, at least over the last 36 hours, is that apparently and even I think it says it’s somewhere around here as well. If I’m not mistaken, about. But up. Pop up. Yeah. Apparently, a lot of people are like, what’s going on? I heard July. You heard July. Everyone knows her. July. The news that we are now getting is that. Not July, Vitalii never heard. July, he should have heard July and therefore maybe not to July. It says, nevertheless, the community was still looking into a July launch. Yeah, because we’ve heard about that for the last four or five months. The CEO of Oak Coin, Jason Liow, expressed disbelief on his own bid being misled. He said, I’m shocked. But others in the community also mentioned July like we all. Heard July, and I mentioned this a couple of months ago. Remember, remember, I said? I have a feeling that what’s happening with Cardno is going to be pushed back. We all heard May. And then as we got closer to May, the May timeframe became. Oh, yeah. This is this is for family and friends, too. To test it out. And I said a theorem needs to really get moving because we are in a we’re in a very. The word is an unexpected time. I mean, yes, yes, yes. Gibbs’. Yeah, it’s actually completely unexpected. But the coins have to kind of start getting a move on, as it were. And I said the most ridiculous thing would be, I think I said this in February or March, is if we start getting closer to July and we hear the O. July. Is that a month? Oh, no. There’s there’s there’s no July, any theorem. So the news that we’re getting now is quarter three. January, February, March, April, May, June, July, August, September. That now puts us anywhere between July to September. As quarter three that we have all seen and you heard me say. Where you theory home 2.0. I am not losing faith or losing hope. Is like just get a move on already. If this is only the phase zero launch, we’re going to have very big problems because the full release of a theory M 2.0 is probably going to take a good three to four years at this point. So, yeah, that is the I mean, this news was all over the place. A lot of people are scouring the Internet trying to find information about him saying July, the July information. The interesting part is that we all heard July in some form or fashion, as was quoted multiple times. I haven’t mentioned about a good two two weeks ago. Who cares about the exact time frame? One of italic uterine was on stage or is talking somewhere. And he was. We’re still on track. Everything’s good. And everyone took that as an okay for the July time frame. So apparently, Terry Yttrium Theorem 2.0 is still being worked on. It’s still going to happen. But apparently the 30th of July that we all heard is apparently no. Anyway, I mean, I called it and I give it. I don’t even I I don’t even want to give a timeframe. I was going to say even for a Cardno, I give them around to July when they’re going to try and push it back once again. But I listen. I mean, at at at at at this point, it kind of is what it is that the fact that so many of these projects have lasted this long with this amount of delay is just extravagantly amazing. Let’s move on. Next up, bitcoins hash rate, the measure of miners performances appears to have dropped by about 16 percent after the third, having as miners now generate twice less from the block subsidy. According to the bloc’s estimates, the daily miner revenue has dropped by about 44 percent after the having from sixteen point one million to around nine million U.S. dollars. Most of the older ASIC mining equipment, such as the anti miner S9, is now on profitable. The new Djenne devices, such as the Anta Miner s 17 and what’s miner M 30? S remain a vastly profitable. The cash rate appears to be down from one hundred and twenty two Exxon hashes to one hundred and two over the four largest mining pools. Those, those, those and those pool and seems to have lost the largest amount of cash rate, approximately 30 percent, with the BTC dot com losing around 10 percent. This was to be expected. We spoke about this yesterday. The news that we had at the beginning of yesterday’s video was at the hash rate had spiked. I assume that was because everyone was like, well, let’s try to get more Bitcoin. And then they realise that the reward has been cut in half and it is more difficult to mine Bitcoin now. So this was to be expected. But, yeah, this is also passing around in the news a lot as a lot of people are. I don’t wanna say sensationalizing things. However, when you get a drop in hash rated any point, but it happens all the time whether Bitcoin has happened or not. It tends to make a lot of news. And I guess the news that we had before that apparently miners would start turning off their machines if it was not profitable enough for them to be able to mine Bitcoin, then here we are. The news that we also had a couple of months ago, about a month ago, maybe an exact month, was that I think Bitcoin has to be air quotes, I think above twelve or thirteen thousand dollars in order to it to be for it to remain extremely profitable for actual miners to stay in the game, as it were anyway. Yeah, that’s the Bitcoin news there was today. You may have noticed like a lack of price news. There was no price news nowhere. Not noting that no matter where I looked, there was nothing negative and or positive. The prices have relatively gone sideways since the having has taken place. No real ups or downs? No. What’s the word predicted drops yet and no predicted sky rocket things, at least at the moment. Yeah. Let’s move on. Next up, while trainees trades while trading Chinese yuan for bitcoin may technically be banned in China. That hasn’t stopped the country’s citizens from talking up a storm about cryptocurrency. This was made clear on Sunday when Sam. Mao, CSO of Block’s Dream, noted that according to data from Weibo or Weibo, which is that Chinese Twitter air quoted Bitcoin was a trending topic. This is the third time that this has happened the past two weeks, according to a screenshot of Weibo Ibos, the trending list from the 10th of May. Shared by Mao, a search term mentioning Bitcoin’s price drop was recently the 13th most popular term on the platform. This is noticeable as Weibo. Weibo is a platform used. I haven’t had no idea what to say. Use my literally. Wow. Four hundred million people monthly. Showing how excited the Chinese are about BTC. Here is a list right here. I do not read Mandarin. Therefore, I’m going to keep scrolling down. The popularity of Bitcoin in China seems to be somewhat tied to an article shared by the finance column known as CCTV. What the biggest television broadcast went on there. Their television broadcaster is called C.C.. Kind of putting a hat on a hat. CCTV is the predominant state owned television network in mainland China. They call it CCTV. The point is, despite the banning of trading within China of Bitcoin, it appears to remain very popular. We had news like this a couple of weeks ago as well. It wasn’t this guy from Block’s dream, but someone else had posted. I think that Bitcoin was the what was it, the second or third most popular trending topic in China? Four, 400 million is a lot of people for 400 million users just on this one app alone. That’s more than the entirety of the United States. That’s a huge amount of people. Can you imagine if we had a situation where on just American Twitter or American Facebook or American Instagram, where Bitcoin was the second or 13th, the most spoke spoken about topic in the entire country? That’d be completely insane. So I wonder what would happen if people in China had complete access to I mean, their government also knows that they can’t give them complete access because of things like this. Can you imagine what for? If Bitcoin had had become the number two trending topic, especially a news article called like Bitcoin price rise amongst 400 million people, these 400 million people would have at least tried to purchase a million. Satoshi is each at least, which would have definitely done something to the price anyway. Yeah. That’s the. We bo y bo Twitter number 13 news for today. I mean, it’s it’s it’s it’s it’s very unsurprising. This is why I keep mentioning Bitcoin’s a lot more popular than people. Believe or understand, a lot of times we kind of put ourselves in our own bubble, whether it be here on the channel or with our friends or community, what have you. We don’t realize that there are hundreds of millions of people around the world who are also they know the name Bitcoin and are either on the cusp of buying Bitcoin or already own Bitcoin. It is a quite the fascinating indeed. Let’s move on. Next up, with crypto currencies, there are no cash flow statements or balance sheets and investor can analyze to get a good sense of their intrinsic value. This makes it hard for a conservative Wall Street players such as Warren Buffett who analyze their instead nope investments and by discounting cash flows from dripping from dipping. Who keeps writing these weird words? And I can’t read. According to hedge fund manager Mike Novogratz, though, he theorems that dollar value is predicated on the concept of a network effect, which is an economic concept that the value of a network B that technology or money is predicated on how many people use it. Over the past decade, cryptocurrency is have formed market capitalizations in the billions and billions of dollars, according to Crypto Slate’s Coin Reinking Page. There are currently over 16 coins worth over one billion dollars and fifty five worth over one hundred million dollars. That raises the question what is behind these high valuations? How could projects just years old be worth so much? For those of you who want the answer, a lot of them are inflated completely in price. These coins aren’t being used. So when you see a coin where ninety nine percent of all transactions are happening through a weather app or another coin where ninety five percent of all transactions are happening just between two addresses. Hum. You realize that these things are the word fraudulent comes to mind. However it comes more down to these things are overvalued and should not be valued even over a million dollars because no one’s really using them for a theorem. At least it’s a simple network effect. Speaking on a panel at the ethereal virtual summit. The latest virtual crypto conference, former Goldman Sachs partner Mike Novogratz shared his sentiment with you, Theorem co-founder Joseph Luban. And for Cats’ News or Katz for four oh four forecast y. Spell it that way. Forecast the dots news g allow. He argued that he theorem garnering a 20 billion dollar market cap is based on a confluence of a different used cases on the block chain, such as decentralized finance, enterprise applications or stable coins, garnering a vast amount of users, which then creates a network effect that increases prices exponentially. This contradicts the belief that he theorem is only valuable because it facilitates ISO’s, which was a popular sentiment in 2018. He said one of the things for the theorem narrative is valuing the network, kind of like we do with Facebook. The more network effect you get, the better. Like getting Teather to migrate its coin. We theory M brings people using that to the network. Mike Michael Novogratz is a hyper ethereal and hyper bitcoin bull. This is actually I’m surprised it took so long for this to actually come to the light. If that kind of makes any sense. This is a major reason for the valuation of Bitcoin. Usually you don’t hear. Why is Bitcoin worth so much when you get the news that Bitcoin last year transacted over a trillion dollars? Eighth largest currency, what have you, so on and so forth. These these discussions kind of disappear because you understand that regardless of what anyone Warren Buffett, he might say about Bitcoin, we know that Bitcoin is being used as being accumulated, is being passed back and forth. People are being paid in Bitcoin, buying flights, a Bitcoin, what have you. But we never usually get this discussion for a theory. I mean, usually focuses around the idea that a theorem is only good for ISO’s NRD five projects. But it comes down to also if other people continue to build their stuff on top of you theorem and therefore ether in some ways being used or the ether theory of network is being used by tens of millions of hundreds of millions of people around the world. And therefore the network also have has tons of value. However, you can’t really do that with 15 transactions per second. So, yeah, I mean, it’s just it’s just a very weird and odd conversation because. When people ask me and have been asking before which coins I’m into when they are usually shocked that I’m rarely only kind of paying attention to a couple of coins, it’s because of that. It’s because we can mathematically see transactions going through the the Arpey ledger. We can see how many people are actually using Bitcoin. We can see based off of metrics that a theorem remains popular regardless of how slow it’s currently going, and also the companies and countries who are going to be building on top of it. But then you get into discussions. I’m not going even name other coins because I can feel the the the angry comments coming. These other coins aren’t being used. Their usage has dropped exponentially, has nothing to really do with the price. Price is a different kind of metric for people who are exclusively trying to invest in these things. When you get the actual usage of them, it pales in comparison to the top three. And I guess this is why they are the top three and subsequently why Teather is in the top four. Regardless of how many Teather are actually being printed, Teather is laid out across. What is it, five or six, seven different block chains and is being used actively on a daily basis. So in some odd apocalyptic way, it garners that position as the fourth largest coin. But then you get the other coins. They’re not really being used. Speculation is not a usage or talking about that. You’re going to be building a platform on top of them to be able to mimic something that he Theorem X, Arpey or Bitcoin is doing doesn’t also really garner value. So I’m expecting still at some points, a great crash, a great wave to wash away unworthy coins within the cryptocurrency space. That does not mean that a lot of coins that I am holding, a lot of alt coins will not go up in value. Of course, they are going to go up in value at some point because people will be able to push the prices up. The hype cycles will return. And at that point, I will be cashing out of a lot of them. However, as far as long term. Growth holdings. There’s a reason once again why institutions use you really are just focusing on two coins. It’s because other coins have to kind of prove themselves and if they don’t, they’ll be washed away and then they’ll be replaced by other copycats who also claim to be able to do the same exact thing. And that’s just how things go. Oh, yeah. Let’s move on. Next up, Weiss ratings predicts that the value of gold will increase once 19 is over, but says its upside pales in comparison to that of Bitcoin. According to the crypto ratings agency, the digital nature of Bitcoin gives it several advantages over gold. The traditional hedge against inflation. Government bureaucrats cannot inflate away the purchasing power of your gold like they can with Fiat. But do they can send in storm troopers stomping in to seize it? In 1933, the US president famously confiscated all of the gold in America. Well, that’s nice of him. Australia’s 1959 Banking Act empower the government to force private citizens to turn in their gold for paper. And the 1966 British labour movements made it illegal for any person to own more than four pieces of precious. What was wrong with governments? Don’t think stuff like this can’t still happen. Bankrupt spendthrift governments, especially when their banks are against banks, backs are against the wall. We’ll grab at just about any assets they can lay their hands on. Yeah, this is and that’s definitely true. Bitcoin is also more mobile than gold, argues Weiss ratings, because it requires costly permits and protection during transport. The same is true when it comes to storage. Gold needs a secure location, like a vault or a bank. But Bitcoin does not have the same requirements because there is no physical assets to store. Sure, it’s clear that Weiss Ratings likes Bitcoin. We’re seeing a lot of I don’t know why it why why this particular year, we used to see maybe thrice a year discussions as to the Bitcoin v. gold argument. However, this is like a like a weekly thing now where people are talking about the power of Bitcoin over gold. Maybe they’re just trying to get other people to understand. I don’t know. It’s it’s clear that Bitcoin has many advantages over gold. And at least in my eyes, that Bitcoin is going to. Incredibly outperform gold over the short, near, long, far forever term, being up nine million. If gold had gone up nine million percent since 2009, I would guess everyone should buy some gold. But it’s Bitcoin that has gone up nine million percent. So it’s clear that there is a, at least for me, a clear winner in all of this. Good job wise. Keep keep spreading the. The Bitcoin news, as it were. And to finish things off, she’s shaking his robot hand. That is the weirdest thing of it. Is he? OK. A researcher from the crypto asset firm paradigm. Has co-authored a white paper for a new decentralized finance or DFI lending protocol based with fixed interest rates. The White Paper for yield, a protocol was written by paradigms. Dan Robinson and Alan Neame. Berg, who announced the project on the 8th of May named Berg, also announced that yield protocol has received seed investment from a paradigm which will be designated toward building the initial version of the product. The theory and based protocol purports to introduce fixed term fixed rate lending and interest rate markets to decentralized finance. Those of you who do not know a lot of these. D decentralized finance protocols that give a yearly interest rates, yearly returns on your money. They have fluctuating rates like you would not believe. I have a friend who is actually into a couple of these things. He does side jobs. He breaks Web sites. He does all these things for companies and they pay him. I believe in. And Di D.A., I think he gets paid and die, I remember. Anyway, the point is he then puts that dye into other projects, which then allow him to get an interest rate. He was showing me some of the rates. Like some days it can be like twenty two percent. Other days it’s like for some days at zero point one. And that doesn’t really shine. I mean, nobody really wants to know. If you put your money into something, you want to know that you’re going to get a consistent, even if it’s just five percent is going to be a consistent five percent abody once twenty two percent and then a zero the next day. That does not sound fun. Yields white paper describes a standard for a token that settles based on the value of a target asset on a specified future date and which is backed by some quantity of a collateral asset while defies protocol like maker Dow have garnered significant popularity within the crypto community over the past years. The floating nature interest rates associated with these vehicles have proven to be subject to significant volatility. Yeah, here we go with with maker loans fluctuating between zero point five percent and 20 percent during 2019. No, thank you. This is why I think staking is going to be a very big thing as long as we have a a year long, if not a two to four year long fixed interest rate on some of the stake in coins. I think that is going to really take off. There’s no way that I want zero point five percent on my money. And then I have to hope that the next week or the next month is going to give me a a 20 percent, which would be great. But then if the next month at that is giving me two percent, then, you know, I, I can’t deal with all that emotion. So I hope this works out for them. I’m sure we will have eventually some type of a relatively fixed interest rate even in the in any traditional markets. There is never a 1000 Prosek percent fixed interest rate. You’ve seen the before your whole life. We have five percent, two percent, four percent. It’s though roughly ranges around the same number. But people need the word isn’t clarity consistency when it comes to their investment. So good luck to them. I hope that works out for them because I also think that Devi is going to be very big in just a matter of, you know, you got to make good money before you actually put your money into it. As always, a very special thank you to my patriot and supporters, Professor Walli from Gunbower University, Utopia. Five, six, nine. Yashar not a Moonman Hi X Arpey the pothead Joshua Vinyard Martin story or Tongo Lolo song go Lolo knows Bromo John starts in the animal reader a biblio phobia. Tomalis Adam Grayslake Mohammed Ronie Master Ventures in Thailand. Jared Schnieder Wild Night Owl to Fortune to the World Crypto Joe Bankroll Network Adobo Crypto Artist Cody 3D Nicolas Where on Earth one piece will love Damian set soon a Nick Kanigher Richie Rich at their Vlad the Impaler Praksis Nick Munjal Laborie Anthony Charles Jim Garner Jeremy Fox Minting Coins Miller Hitchhikes Every Day and Cowslips Leg Day Yes to crypto buddy make both face any time. Fitness amongst staff are medic seventeen bake me a cake Take a robot show Nyssa on crypto with LANL Crayola Michala you are Allen Hold on I have to sneeze. Thank you all very very much for your support. Thank you to everyone who is a member of the channel by clicking the little join button below. And thank you to everyone who has subscribed to the new channel. I am still very shocked. Thank you very much. I am happy for the the but the looks now. Wait, wait. Well the support support out of think. That’s what I wanted to say. But thank you for the support on the new channel. I do appreciate it a lot. At the moment the market is basically exactly where it was about a day or two ago. Bitcoin is currently up by one point three, six percent. Every other coin is down by point thirteen point zero, one point six six point two three point zero seven, neither here nor there. There’ve been tons of fluctuations, but we seem to always revert back to the same area, more or less where we were before. You have some anomalies with coins going up. Lumens is going up. Sure. SOS, Tron, Shaw, SOS. Did you buy it? I mean, I, I was going to make a joke, but it just doesn’t. You know what I was going to say anyway. Yeah. The markets what I think a lot of people were expecting huge spikes up or huge slams down or price is kind of being all over the place, but it seems to be neither here nor there. I saw an article earlier discussing that if Bitcoin does happen to pass by nine thousand and that I think it was nine thousand one hundred and maintains it for closing, I eat twenty four hours, give or take, then we could potentially see some movements upward in price. Yeah, I don’t know. Yeah. I really just simply don’t know. I do hope that you all enjoyed. I do hope that you all are having a great day. A great morning, a great afternoon, a great evening, wherever you are, wherever you might be. I do hope that it is absolutely fantastic. All of you remember. Of this year, if we get near the end of quarter to which we are current, where we’re at quarter to quarter to and we still don’t have any Theorem 2.0, we can use that as a reference point. Thank you all once again for watching and or listening. And I will most certainly be talking to you all soon. See you.

Via https://www.cryptosharks.net/ethereum-confusion-btc-hash-drop-bitcoin-going-viral/

source https://cryptosharks.weebly.com/blog/ethereum-20-confusion-btc-hash-drop-bitcoin-going-viral-ethereum-like-facebook-fixed-rates

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Ethereum 2.0 Confusion, BTC Hash Drop, Bitcoin Going Viral, Ethereum Like Facebook & Fixed Rates

VIDEO TRANSCRIPT

Low where everybody, welcome back for another video. Hope you’re all doing well and that you’re all having a great day to start things off in. Very confusing. Weird. Odd. Don’t really no news. With a newly launched multi-client test net Theorem 2.0 is on track to meet its phase zero pre launch requirements. In theory, I’m co-founder of Italic, Budarin said on Monday, kicking off Quoin Desk’s Consensus Distributed Conference Beta and discussed the latest progress. In particular, he highlighted the recent release of the first Ethan 2.0 multi-client test net. The launch of the new network, dubbed She Lazy, is a major milestone for a Theorem 2.0 development. It is, or since it is a what? It is a yes. It is a hard, prelaunch requirement that two or more compatible clients run a test net together for at least two months. Right now, the sleezy network features two clients. They are Lighthouse and PRISM, the tech who and nimbies clients have also sinked with lazy and will soon run their validators on the test net with four clients and to operate on the test net. Lazy is laying the ground for the official multi-client test net that the theory and foundation will deploy in the near future. Here we go. Justin Drake, a researcher at the Theory and Foundation, previously said that the team is hoping to release phase zero may net before the 30th of July, the fifth anniversary of the theory and 1.0. But the launch schedule pushed repeatedly from the initial date since January quarter three, January 3rd of quarter two to now quarter three. It is unclear whether the project can follow through on the July timeframe. I’m pretty sure you see where this is all going. This one tying directly into this hearing reports of a July launch date, Theorem 2.0 Metallic Budarin said he misheard the question at a conference and now clarifies further as to the launch of the official launch of Winning Theorem 2.0 is going to be in a response on Twitter conversation discuss the July launch date. Vitaly responded by saying, Yeah, I did not say July. Perhaps the question contained the word July, but I did not hear July when it was asked. OK, I definitely should have heard Juline the question. It was my mistake. End quote. It happened yesterday at the virtual conference consensus, which is currently underway. Vitaly notes that he misheard the question when the when the confirmed what who wrote this? Which confirmed the launch is still on track. Early on February, another developer seemed to have 95 percent confidence in a July launch, which was then referred back to the reports to which he gave a thumbs up. Later in an e-mail. This is ridiculous. Later, in an email response to Coin Desk, the organizer of the conference clarified. My actual stance is that Ethe too is on track and that there aren’t any unexpected bumps in the road. Test nets are coming along, etc.. But I defer to the club. Calev client devs on timelines and if they are now saying quarter three more broadly than I believe them, since 2019, the developing team has made progress with a series of initial launch of the second chain, but none can. Who wrote this? But none complete. The last significant development was the initiation of the proof of state protocol, but only a on a public test net without daps applications as mark contract platform. So for those of you who are not paying attention. The news that we are getting right now, at least over the last 36 hours, is that apparently and even I think it says it’s somewhere around here as well. If I’m not mistaken, about. But up. Pop up. Yeah. Apparently, a lot of people are like, what’s going on? I heard July. You heard July. Everyone knows her. July. The news that we are now getting is that. Not July, Vitalii never heard. July, he should have heard July and therefore maybe not to July. It says, nevertheless, the community was still looking into a July launch. Yeah, because we’ve heard about that for the last four or five months. The CEO of Oak Coin, Jason Liow, expressed disbelief on his own bid being misled. He said, I’m shocked. But others in the community also mentioned July like we all. Heard July, and I mentioned this a couple of months ago. Remember, remember, I said? I have a feeling that what’s happening with Cardno is going to be pushed back. We all heard May. And then as we got closer to May, the May timeframe became. Oh, yeah. This is this is for family and friends, too. To test it out. And I said a theorem needs to really get moving because we are in a we’re in a very. The word is an unexpected time. I mean, yes, yes, yes. Gibbs’. Yeah, it’s actually completely unexpected. But the coins have to kind of start getting a move on, as it were. And I said the most ridiculous thing would be, I think I said this in February or March, is if we start getting closer to July and we hear the O. July. Is that a month? Oh, no. There’s there’s there’s no July, any theorem. So the news that we’re getting now is quarter three. January, February, March, April, May, June, July, August, September. That now puts us anywhere between July to September. As quarter three that we have all seen and you heard me say. Where you theory home 2.0. I am not losing faith or losing hope. Is like just get a move on already. If this is only the phase zero launch, we’re going to have very big problems because the full release of a theory M 2.0 is probably going to take a good three to four years at this point. So, yeah, that is the I mean, this news was all over the place. A lot of people are scouring the Internet trying to find information about him saying July, the July information. The interesting part is that we all heard July in some form or fashion, as was quoted multiple times. I haven’t mentioned about a good two two weeks ago. Who cares about the exact time frame? One of italic uterine was on stage or is talking somewhere. And he was. We’re still on track. Everything’s good. And everyone took that as an okay for the July time frame. So apparently, Terry Yttrium Theorem 2.0 is still being worked on. It’s still going to happen. But apparently the 30th of July that we all heard is apparently no. Anyway, I mean, I called it and I give it. I don’t even I I don’t even want to give a timeframe. I was going to say even for a Cardno, I give them around to July when they’re going to try and push it back once again. But I listen. I mean, at at at at at this point, it kind of is what it is that the fact that so many of these projects have lasted this long with this amount of delay is just extravagantly amazing. Let’s move on. Next up, bitcoins hash rate, the measure of miners performances appears to have dropped by about 16 percent after the third, having as miners now generate twice less from the block subsidy. According to the bloc’s estimates, the daily miner revenue has dropped by about 44 percent after the having from sixteen point one million to around nine million U.S. dollars. Most of the older ASIC mining equipment, such as the anti miner S9, is now on profitable. The new Djenne devices, such as the Anta Miner s 17 and what’s miner M 30? S remain a vastly profitable. The cash rate appears to be down from one hundred and twenty two Exxon hashes to one hundred and two over the four largest mining pools. Those, those, those and those pool and seems to have lost the largest amount of cash rate, approximately 30 percent, with the BTC dot com losing around 10 percent. This was to be expected. We spoke about this yesterday. The news that we had at the beginning of yesterday’s video was at the hash rate had spiked. I assume that was because everyone was like, well, let’s try to get more Bitcoin. And then they realise that the reward has been cut in half and it is more difficult to mine Bitcoin now. So this was to be expected. But, yeah, this is also passing around in the news a lot as a lot of people are. I don’t wanna say sensationalizing things. However, when you get a drop in hash rated any point, but it happens all the time whether Bitcoin has happened or not. It tends to make a lot of news. And I guess the news that we had before that apparently miners would start turning off their machines if it was not profitable enough for them to be able to mine Bitcoin, then here we are. The news that we also had a couple of months ago, about a month ago, maybe an exact month, was that I think Bitcoin has to be air quotes, I think above twelve or thirteen thousand dollars in order to it to be for it to remain extremely profitable for actual miners to stay in the game, as it were anyway. Yeah, that’s the Bitcoin news there was today. You may have noticed like a lack of price news. There was no price news nowhere. Not noting that no matter where I looked, there was nothing negative and or positive. The prices have relatively gone sideways since the having has taken place. No real ups or downs? No. What’s the word predicted drops yet and no predicted sky rocket things, at least at the moment. Yeah. Let’s move on. Next up, while trainees trades while trading Chinese yuan for bitcoin may technically be banned in China. That hasn’t stopped the country’s citizens from talking up a storm about cryptocurrency. This was made clear on Sunday when Sam. Mao, CSO of Block’s Dream, noted that according to data from Weibo or Weibo, which is that Chinese Twitter air quoted Bitcoin was a trending topic. This is the third time that this has happened the past two weeks, according to a screenshot of Weibo Ibos, the trending list from the 10th of May. Shared by Mao, a search term mentioning Bitcoin’s price drop was recently the 13th most popular term on the platform. This is noticeable as Weibo. Weibo is a platform used. I haven’t had no idea what to say. Use my literally. Wow. Four hundred million people monthly. Showing how excited the Chinese are about BTC. Here is a list right here. I do not read Mandarin. Therefore, I’m going to keep scrolling down. The popularity of Bitcoin in China seems to be somewhat tied to an article shared by the finance column known as CCTV. What the biggest television broadcast went on there. Their television broadcaster is called C.C.. Kind of putting a hat on a hat. CCTV is the predominant state owned television network in mainland China. They call it CCTV. The point is, despite the banning of trading within China of Bitcoin, it appears to remain very popular. We had news like this a couple of weeks ago as well. It wasn’t this guy from Block’s dream, but someone else had posted. I think that Bitcoin was the what was it, the second or third most popular trending topic in China? Four, 400 million is a lot of people for 400 million users just on this one app alone. That’s more than the entirety of the United States. That’s a huge amount of people. Can you imagine if we had a situation where on just American Twitter or American Facebook or American Instagram, where Bitcoin was the second or 13th, the most spoke spoken about topic in the entire country? That’d be completely insane. So I wonder what would happen if people in China had complete access to I mean, their government also knows that they can’t give them complete access because of things like this. Can you imagine what for? If Bitcoin had had become the number two trending topic, especially a news article called like Bitcoin price rise amongst 400 million people, these 400 million people would have at least tried to purchase a million. Satoshi is each at least, which would have definitely done something to the price anyway. Yeah. That’s the. We bo y bo Twitter number 13 news for today. I mean, it’s it’s it’s it’s it’s very unsurprising. This is why I keep mentioning Bitcoin’s a lot more popular than people. Believe or understand, a lot of times we kind of put ourselves in our own bubble, whether it be here on the channel or with our friends or community, what have you. We don’t realize that there are hundreds of millions of people around the world who are also they know the name Bitcoin and are either on the cusp of buying Bitcoin or already own Bitcoin. It is a quite the fascinating indeed. Let’s move on. Next up, with crypto currencies, there are no cash flow statements or balance sheets and investor can analyze to get a good sense of their intrinsic value. This makes it hard for a conservative Wall Street players such as Warren Buffett who analyze their instead nope investments and by discounting cash flows from dripping from dipping. Who keeps writing these weird words? And I can’t read. According to hedge fund manager Mike Novogratz, though, he theorems that dollar value is predicated on the concept of a network effect, which is an economic concept that the value of a network B that technology or money is predicated on how many people use it. Over the past decade, cryptocurrency is have formed market capitalizations in the billions and billions of dollars, according to Crypto Slate’s Coin Reinking Page. There are currently over 16 coins worth over one billion dollars and fifty five worth over one hundred million dollars. That raises the question what is behind these high valuations? How could projects just years old be worth so much? For those of you who want the answer, a lot of them are inflated completely in price. These coins aren’t being used. So when you see a coin where ninety nine percent of all transactions are happening through a weather app or another coin where ninety five percent of all transactions are happening just between two addresses. Hum. You realize that these things are the word fraudulent comes to mind. However it comes more down to these things are overvalued and should not be valued even over a million dollars because no one’s really using them for a theorem. At least it’s a simple network effect. Speaking on a panel at the ethereal virtual summit. The latest virtual crypto conference, former Goldman Sachs partner Mike Novogratz shared his sentiment with you, Theorem co-founder Joseph Luban. And for Cats’ News or Katz for four oh four forecast y. Spell it that way. Forecast the dots news g allow. He argued that he theorem garnering a 20 billion dollar market cap is based on a confluence of a different used cases on the block chain, such as decentralized finance, enterprise applications or stable coins, garnering a vast amount of users, which then creates a network effect that increases prices exponentially. This contradicts the belief that he theorem is only valuable because it facilitates ISO’s, which was a popular sentiment in 2018. He said one of the things for the theorem narrative is valuing the network, kind of like we do with Facebook. The more network effect you get, the better. Like getting Teather to migrate its coin. We theory M brings people using that to the network. Mike Michael Novogratz is a hyper ethereal and hyper bitcoin bull. This is actually I’m surprised it took so long for this to actually come to the light. If that kind of makes any sense. This is a major reason for the valuation of Bitcoin. Usually you don’t hear. Why is Bitcoin worth so much when you get the news that Bitcoin last year transacted over a trillion dollars? Eighth largest currency, what have you, so on and so forth. These these discussions kind of disappear because you understand that regardless of what anyone Warren Buffett, he might say about Bitcoin, we know that Bitcoin is being used as being accumulated, is being passed back and forth. People are being paid in Bitcoin, buying flights, a Bitcoin, what have you. But we never usually get this discussion for a theory. I mean, usually focuses around the idea that a theorem is only good for ISO’s NRD five projects. But it comes down to also if other people continue to build their stuff on top of you theorem and therefore ether in some ways being used or the ether theory of network is being used by tens of millions of hundreds of millions of people around the world. And therefore the network also have has tons of value. However, you can’t really do that with 15 transactions per second. So, yeah, I mean, it’s just it’s just a very weird and odd conversation because. When people ask me and have been asking before which coins I’m into when they are usually shocked that I’m rarely only kind of paying attention to a couple of coins, it’s because of that. It’s because we can mathematically see transactions going through the the Arpey ledger. We can see how many people are actually using Bitcoin. We can see based off of metrics that a theorem remains popular regardless of how slow it’s currently going, and also the companies and countries who are going to be building on top of it. But then you get into discussions. I’m not going even name other coins because I can feel the the the angry comments coming. These other coins aren’t being used. Their usage has dropped exponentially, has nothing to really do with the price. Price is a different kind of metric for people who are exclusively trying to invest in these things. When you get the actual usage of them, it pales in comparison to the top three. And I guess this is why they are the top three and subsequently why Teather is in the top four. Regardless of how many Teather are actually being printed, Teather is laid out across. What is it, five or six, seven different block chains and is being used actively on a daily basis. So in some odd apocalyptic way, it garners that position as the fourth largest coin. But then you get the other coins. They’re not really being used. Speculation is not a usage or talking about that. You’re going to be building a platform on top of them to be able to mimic something that he Theorem X, Arpey or Bitcoin is doing doesn’t also really garner value. So I’m expecting still at some points, a great crash, a great wave to wash away unworthy coins within the cryptocurrency space. That does not mean that a lot of coins that I am holding, a lot of alt coins will not go up in value. Of course, they are going to go up in value at some point because people will be able to push the prices up. The hype cycles will return. And at that point, I will be cashing out of a lot of them. However, as far as long term. Growth holdings. There’s a reason once again why institutions use you really are just focusing on two coins. It’s because other coins have to kind of prove themselves and if they don’t, they’ll be washed away and then they’ll be replaced by other copycats who also claim to be able to do the same exact thing. And that’s just how things go. Oh, yeah. Let’s move on. Next up, Weiss ratings predicts that the value of gold will increase once 19 is over, but says its upside pales in comparison to that of Bitcoin. According to the crypto ratings agency, the digital nature of Bitcoin gives it several advantages over gold. The traditional hedge against inflation. Government bureaucrats cannot inflate away the purchasing power of your gold like they can with Fiat. But do they can send in storm troopers stomping in to seize it? In 1933, the US president famously confiscated all of the gold in America. Well, that’s nice of him. Australia’s 1959 Banking Act empower the government to force private citizens to turn in their gold for paper. And the 1966 British labour movements made it illegal for any person to own more than four pieces of precious. What was wrong with governments? Don’t think stuff like this can’t still happen. Bankrupt spendthrift governments, especially when their banks are against banks, backs are against the wall. We’ll grab at just about any assets they can lay their hands on. Yeah, this is and that’s definitely true. Bitcoin is also more mobile than gold, argues Weiss ratings, because it requires costly permits and protection during transport. The same is true when it comes to storage. Gold needs a secure location, like a vault or a bank. But Bitcoin does not have the same requirements because there is no physical assets to store. Sure, it’s clear that Weiss Ratings likes Bitcoin. We’re seeing a lot of I don’t know why it why why this particular year, we used to see maybe thrice a year discussions as to the Bitcoin v. gold argument. However, this is like a like a weekly thing now where people are talking about the power of Bitcoin over gold. Maybe they’re just trying to get other people to understand. I don’t know. It’s it’s clear that Bitcoin has many advantages over gold. And at least in my eyes, that Bitcoin is going to. Incredibly outperform gold over the short, near, long, far forever term, being up nine million. If gold had gone up nine million percent since 2009, I would guess everyone should buy some gold. But it’s Bitcoin that has gone up nine million percent. So it’s clear that there is a, at least for me, a clear winner in all of this. Good job wise. Keep keep spreading the. The Bitcoin news, as it were. And to finish things off, she’s shaking his robot hand. That is the weirdest thing of it. Is he? OK. A researcher from the crypto asset firm paradigm. Has co-authored a white paper for a new decentralized finance or DFI lending protocol based with fixed interest rates. The White Paper for yield, a protocol was written by paradigms. Dan Robinson and Alan Neame. Berg, who announced the project on the 8th of May named Berg, also announced that yield protocol has received seed investment from a paradigm which will be designated toward building the initial version of the product. The theory and based protocol purports to introduce fixed term fixed rate lending and interest rate markets to decentralized finance. Those of you who do not know a lot of these. D decentralized finance protocols that give a yearly interest rates, yearly returns on your money. They have fluctuating rates like you would not believe. I have a friend who is actually into a couple of these things. He does side jobs. He breaks Web sites. He does all these things for companies and they pay him. I believe in. And Di D.A., I think he gets paid and die, I remember. Anyway, the point is he then puts that dye into other projects, which then allow him to get an interest rate. He was showing me some of the rates. Like some days it can be like twenty two percent. Other days it’s like for some days at zero point one. And that doesn’t really shine. I mean, nobody really wants to know. If you put your money into something, you want to know that you’re going to get a consistent, even if it’s just five percent is going to be a consistent five percent abody once twenty two percent and then a zero the next day. That does not sound fun. Yields white paper describes a standard for a token that settles based on the value of a target asset on a specified future date and which is backed by some quantity of a collateral asset while defies protocol like maker Dow have garnered significant popularity within the crypto community over the past years. The floating nature interest rates associated with these vehicles have proven to be subject to significant volatility. Yeah, here we go with with maker loans fluctuating between zero point five percent and 20 percent during 2019. No, thank you. This is why I think staking is going to be a very big thing as long as we have a a year long, if not a two to four year long fixed interest rate on some of the stake in coins. I think that is going to really take off. There’s no way that I want zero point five percent on my money. And then I have to hope that the next week or the next month is going to give me a a 20 percent, which would be great. But then if the next month at that is giving me two percent, then, you know, I, I can’t deal with all that emotion. So I hope this works out for them. I’m sure we will have eventually some type of a relatively fixed interest rate even in the in any traditional markets. There is never a 1000 Prosek percent fixed interest rate. You’ve seen the before your whole life. We have five percent, two percent, four percent. It’s though roughly ranges around the same number. But people need the word isn’t clarity consistency when it comes to their investment. So good luck to them. I hope that works out for them because I also think that Devi is going to be very big in just a matter of, you know, you got to make good money before you actually put your money into it. As always, a very special thank you to my patriot and supporters, Professor Walli from Gunbower University, Utopia. Five, six, nine. Yashar not a Moonman Hi X Arpey the pothead Joshua Vinyard Martin story or Tongo Lolo song go Lolo knows Bromo John starts in the animal reader a biblio phobia. Tomalis Adam Grayslake Mohammed Ronie Master Ventures in Thailand. Jared Schnieder Wild Night Owl to Fortune to the World Crypto Joe Bankroll Network Adobo Crypto Artist Cody 3D Nicolas Where on Earth one piece will love Damian set soon a Nick Kanigher Richie Rich at their Vlad the Impaler Praksis Nick Munjal Laborie Anthony Charles Jim Garner Jeremy Fox Minting Coins Miller Hitchhikes Every Day and Cowslips Leg Day Yes to crypto buddy make both face any time. Fitness amongst staff are medic seventeen bake me a cake Take a robot show Nyssa on crypto with LANL Crayola Michala you are Allen Hold on I have to sneeze. Thank you all very very much for your support. Thank you to everyone who is a member of the channel by clicking the little join button below. And thank you to everyone who has subscribed to the new channel. I am still very shocked. Thank you very much. I am happy for the the but the looks now. Wait, wait. Well the support support out of think. That’s what I wanted to say. But thank you for the support on the new channel. I do appreciate it a lot. At the moment the market is basically exactly where it was about a day or two ago. Bitcoin is currently up by one point three, six percent. Every other coin is down by point thirteen point zero, one point six six point two three point zero seven, neither here nor there. There’ve been tons of fluctuations, but we seem to always revert back to the same area, more or less where we were before. You have some anomalies with coins going up. Lumens is going up. Sure. SOS, Tron, Shaw, SOS. Did you buy it? I mean, I, I was going to make a joke, but it just doesn’t. You know what I was going to say anyway. Yeah. The markets what I think a lot of people were expecting huge spikes up or huge slams down or price is kind of being all over the place, but it seems to be neither here nor there. I saw an article earlier discussing that if Bitcoin does happen to pass by nine thousand and that I think it was nine thousand one hundred and maintains it for closing, I eat twenty four hours, give or take, then we could potentially see some movements upward in price. Yeah, I don’t know. Yeah. I really just simply don’t know. I do hope that you all enjoyed. I do hope that you all are having a great day. A great morning, a great afternoon, a great evening, wherever you are, wherever you might be. I do hope that it is absolutely fantastic. All of you remember. Of this year, if we get near the end of quarter to which we are current, where we’re at quarter to quarter to and we still don’t have any Theorem 2.0, we can use that as a reference point. Thank you all once again for watching and or listening. And I will most certainly be talking to you all soon. See you.

source https://www.cryptosharks.net/ethereum-confusion-btc-hash-drop-bitcoin-going-viral/ source https://cryptosharks1.tumblr.com/post/618171064639438848

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Ethereum 2.0 Confusion, BTC Hash Drop, Bitcoin Going Viral, Ethereum Like Facebook & Fixed Rates

VIDEO TRANSCRIPT

Low where everybody, welcome back for another video. Hope you’re all doing well and that you’re all having a great day to start things off in. Very confusing. Weird. Odd. Don’t really no news. With a newly launched multi-client test net Theorem 2.0 is on track to meet its phase zero pre launch requirements. In theory, I’m co-founder of Italic, Budarin said on Monday, kicking off Quoin Desk’s Consensus Distributed Conference Beta and discussed the latest progress. In particular, he highlighted the recent release of the first Ethan 2.0 multi-client test net. The launch of the new network, dubbed She Lazy, is a major milestone for a Theorem 2.0 development. It is, or since it is a what? It is a yes. It is a hard, prelaunch requirement that two or more compatible clients run a test net together for at least two months. Right now, the sleezy network features two clients. They are Lighthouse and PRISM, the tech who and nimbies clients have also sinked with lazy and will soon run their validators on the test net with four clients and to operate on the test net. Lazy is laying the ground for the official multi-client test net that the theory and foundation will deploy in the near future. Here we go. Justin Drake, a researcher at the Theory and Foundation, previously said that the team is hoping to release phase zero may net before the 30th of July, the fifth anniversary of the theory and 1.0. But the launch schedule pushed repeatedly from the initial date since January quarter three, January 3rd of quarter two to now quarter three. It is unclear whether the project can follow through on the July timeframe. I’m pretty sure you see where this is all going. This one tying directly into this hearing reports of a July launch date, Theorem 2.0 Metallic Budarin said he misheard the question at a conference and now clarifies further as to the launch of the official launch of Winning Theorem 2.0 is going to be in a response on Twitter conversation discuss the July launch date. Vitaly responded by saying, Yeah, I did not say July. Perhaps the question contained the word July, but I did not hear July when it was asked. OK, I definitely should have heard Juline the question. It was my mistake. End quote. It happened yesterday at the virtual conference consensus, which is currently underway. Vitaly notes that he misheard the question when the when the confirmed what who wrote this? Which confirmed the launch is still on track. Early on February, another developer seemed to have 95 percent confidence in a July launch, which was then referred back to the reports to which he gave a thumbs up. Later in an e-mail. This is ridiculous. Later, in an email response to Coin Desk, the organizer of the conference clarified. My actual stance is that Ethe too is on track and that there aren’t any unexpected bumps in the road. Test nets are coming along, etc.. But I defer to the club. Calev client devs on timelines and if they are now saying quarter three more broadly than I believe them, since 2019, the developing team has made progress with a series of initial launch of the second chain, but none can. Who wrote this? But none complete. The last significant development was the initiation of the proof of state protocol, but only a on a public test net without daps applications as mark contract platform. So for those of you who are not paying attention. The news that we are getting right now, at least over the last 36 hours, is that apparently and even I think it says it’s somewhere around here as well. If I’m not mistaken, about. But up. Pop up. Yeah. Apparently, a lot of people are like, what’s going on? I heard July. You heard July. Everyone knows her. July. The news that we are now getting is that. Not July, Vitalii never heard. July, he should have heard July and therefore maybe not to July. It says, nevertheless, the community was still looking into a July launch. Yeah, because we’ve heard about that for the last four or five months. The CEO of Oak Coin, Jason Liow, expressed disbelief on his own bid being misled. He said, I’m shocked. But others in the community also mentioned July like we all. Heard July, and I mentioned this a couple of months ago. Remember, remember, I said? I have a feeling that what’s happening with Cardno is going to be pushed back. We all heard May. And then as we got closer to May, the May timeframe became. Oh, yeah. This is this is for family and friends, too. To test it out. And I said a theorem needs to really get moving because we are in a we’re in a very. The word is an unexpected time. I mean, yes, yes, yes. Gibbs’. Yeah, it’s actually completely unexpected. But the coins have to kind of start getting a move on, as it were. And I said the most ridiculous thing would be, I think I said this in February or March, is if we start getting closer to July and we hear the O. July. Is that a month? Oh, no. There’s there’s there’s no July, any theorem. So the news that we’re getting now is quarter three. January, February, March, April, May, June, July, August, September. That now puts us anywhere between July to September. As quarter three that we have all seen and you heard me say. Where you theory home 2.0. I am not losing faith or losing hope. Is like just get a move on already. If this is only the phase zero launch, we’re going to have very big problems because the full release of a theory M 2.0 is probably going to take a good three to four years at this point. So, yeah, that is the I mean, this news was all over the place. A lot of people are scouring the Internet trying to find information about him saying July, the July information. The interesting part is that we all heard July in some form or fashion, as was quoted multiple times. I haven’t mentioned about a good two two weeks ago. Who cares about the exact time frame? One of italic uterine was on stage or is talking somewhere. And he was. We’re still on track. Everything’s good. And everyone took that as an okay for the July time frame. So apparently, Terry Yttrium Theorem 2.0 is still being worked on. It’s still going to happen. But apparently the 30th of July that we all heard is apparently no. Anyway, I mean, I called it and I give it. I don’t even I I don’t even want to give a timeframe. I was going to say even for a Cardno, I give them around to July when they’re going to try and push it back once again. But I listen. I mean, at at at at at this point, it kind of is what it is that the fact that so many of these projects have lasted this long with this amount of delay is just extravagantly amazing. Let’s move on. Next up, bitcoins hash rate, the measure of miners performances appears to have dropped by about 16 percent after the third, having as miners now generate twice less from the block subsidy. According to the bloc’s estimates, the daily miner revenue has dropped by about 44 percent after the having from sixteen point one million to around nine million U.S. dollars. Most of the older ASIC mining equipment, such as the anti miner S9, is now on profitable. The new Djenne devices, such as the Anta Miner s 17 and what’s miner M 30? S remain a vastly profitable. The cash rate appears to be down from one hundred and twenty two Exxon hashes to one hundred and two over the four largest mining pools. Those, those, those and those pool and seems to have lost the largest amount of cash rate, approximately 30 percent, with the BTC dot com losing around 10 percent. This was to be expected. We spoke about this yesterday. The news that we had at the beginning of yesterday’s video was at the hash rate had spiked. I assume that was because everyone was like, well, let’s try to get more Bitcoin. And then they realise that the reward has been cut in half and it is more difficult to mine Bitcoin now. So this was to be expected. But, yeah, this is also passing around in the news a lot as a lot of people are. I don’t wanna say sensationalizing things. However, when you get a drop in hash rated any point, but it happens all the time whether Bitcoin has happened or not. It tends to make a lot of news. And I guess the news that we had before that apparently miners would start turning off their machines if it was not profitable enough for them to be able to mine Bitcoin, then here we are. The news that we also had a couple of months ago, about a month ago, maybe an exact month, was that I think Bitcoin has to be air quotes, I think above twelve or thirteen thousand dollars in order to it to be for it to remain extremely profitable for actual miners to stay in the game, as it were anyway. Yeah, that’s the Bitcoin news there was today. You may have noticed like a lack of price news. There was no price news nowhere. Not noting that no matter where I looked, there was nothing negative and or positive. The prices have relatively gone sideways since the having has taken place. No real ups or downs? No. What’s the word predicted drops yet and no predicted sky rocket things, at least at the moment. Yeah. Let’s move on. Next up, while trainees trades while trading Chinese yuan for bitcoin may technically be banned in China. That hasn’t stopped the country’s citizens from talking up a storm about cryptocurrency. This was made clear on Sunday when Sam. Mao, CSO of Block’s Dream, noted that according to data from Weibo or Weibo, which is that Chinese Twitter air quoted Bitcoin was a trending topic. This is the third time that this has happened the past two weeks, according to a screenshot of Weibo Ibos, the trending list from the 10th of May. Shared by Mao, a search term mentioning Bitcoin’s price drop was recently the 13th most popular term on the platform. This is noticeable as Weibo. Weibo is a platform used. I haven’t had no idea what to say. Use my literally. Wow. Four hundred million people monthly. Showing how excited the Chinese are about BTC. Here is a list right here. I do not read Mandarin. Therefore, I’m going to keep scrolling down. The popularity of Bitcoin in China seems to be somewhat tied to an article shared by the finance column known as CCTV. What the biggest television broadcast went on there. Their television broadcaster is called C.C.. Kind of putting a hat on a hat. CCTV is the predominant state owned television network in mainland China. They call it CCTV. The point is, despite the banning of trading within China of Bitcoin, it appears to remain very popular. We had news like this a couple of weeks ago as well. It wasn’t this guy from Block’s dream, but someone else had posted. I think that Bitcoin was the what was it, the second or third most popular trending topic in China? Four, 400 million is a lot of people for 400 million users just on this one app alone. That’s more than the entirety of the United States. That’s a huge amount of people. Can you imagine if we had a situation where on just American Twitter or American Facebook or American Instagram, where Bitcoin was the second or 13th, the most spoke spoken about topic in the entire country? That’d be completely insane. So I wonder what would happen if people in China had complete access to I mean, their government also knows that they can’t give them complete access because of things like this. Can you imagine what for? If Bitcoin had had become the number two trending topic, especially a news article called like Bitcoin price rise amongst 400 million people, these 400 million people would have at least tried to purchase a million. Satoshi is each at least, which would have definitely done something to the price anyway. Yeah. That’s the. We bo y bo Twitter number 13 news for today. I mean, it’s it’s it’s it’s it’s very unsurprising. This is why I keep mentioning Bitcoin’s a lot more popular than people. Believe or understand, a lot of times we kind of put ourselves in our own bubble, whether it be here on the channel or with our friends or community, what have you. We don’t realize that there are hundreds of millions of people around the world who are also they know the name Bitcoin and are either on the cusp of buying Bitcoin or already own Bitcoin. It is a quite the fascinating indeed. Let’s move on. Next up, with crypto currencies, there are no cash flow statements or balance sheets and investor can analyze to get a good sense of their intrinsic value. This makes it hard for a conservative Wall Street players such as Warren Buffett who analyze their instead nope investments and by discounting cash flows from dripping from dipping. Who keeps writing these weird words? And I can’t read. According to hedge fund manager Mike Novogratz, though, he theorems that dollar value is predicated on the concept of a network effect, which is an economic concept that the value of a network B that technology or money is predicated on how many people use it. Over the past decade, cryptocurrency is have formed market capitalizations in the billions and billions of dollars, according to Crypto Slate’s Coin Reinking Page. There are currently over 16 coins worth over one billion dollars and fifty five worth over one hundred million dollars. That raises the question what is behind these high valuations? How could projects just years old be worth so much? For those of you who want the answer, a lot of them are inflated completely in price. These coins aren’t being used. So when you see a coin where ninety nine percent of all transactions are happening through a weather app or another coin where ninety five percent of all transactions are happening just between two addresses. Hum. You realize that these things are the word fraudulent comes to mind. However it comes more down to these things are overvalued and should not be valued even over a million dollars because no one’s really using them for a theorem. At least it’s a simple network effect. Speaking on a panel at the ethereal virtual summit. The latest virtual crypto conference, former Goldman Sachs partner Mike Novogratz shared his sentiment with you, Theorem co-founder Joseph Luban. And for Cats’ News or Katz for four oh four forecast y. Spell it that way. Forecast the dots news g allow. He argued that he theorem garnering a 20 billion dollar market cap is based on a confluence of a different used cases on the block chain, such as decentralized finance, enterprise applications or stable coins, garnering a vast amount of users, which then creates a network effect that increases prices exponentially. This contradicts the belief that he theorem is only valuable because it facilitates ISO’s, which was a popular sentiment in 2018. He said one of the things for the theorem narrative is valuing the network, kind of like we do with Facebook. The more network effect you get, the better. Like getting Teather to migrate its coin. We theory M brings people using that to the network. Mike Michael Novogratz is a hyper ethereal and hyper bitcoin bull. This is actually I’m surprised it took so long for this to actually come to the light. If that kind of makes any sense. This is a major reason for the valuation of Bitcoin. Usually you don’t hear. Why is Bitcoin worth so much when you get the news that Bitcoin last year transacted over a trillion dollars? Eighth largest currency, what have you, so on and so forth. These these discussions kind of disappear because you understand that regardless of what anyone Warren Buffett, he might say about Bitcoin, we know that Bitcoin is being used as being accumulated, is being passed back and forth. People are being paid in Bitcoin, buying flights, a Bitcoin, what have you. But we never usually get this discussion for a theory. I mean, usually focuses around the idea that a theorem is only good for ISO’s NRD five projects. But it comes down to also if other people continue to build their stuff on top of you theorem and therefore ether in some ways being used or the ether theory of network is being used by tens of millions of hundreds of millions of people around the world. And therefore the network also have has tons of value. However, you can’t really do that with 15 transactions per second. So, yeah, I mean, it’s just it’s just a very weird and odd conversation because. When people ask me and have been asking before which coins I’m into when they are usually shocked that I’m rarely only kind of paying attention to a couple of coins, it’s because of that. It’s because we can mathematically see transactions going through the the Arpey ledger. We can see how many people are actually using Bitcoin. We can see based off of metrics that a theorem remains popular regardless of how slow it’s currently going, and also the companies and countries who are going to be building on top of it. But then you get into discussions. I’m not going even name other coins because I can feel the the the angry comments coming. These other coins aren’t being used. Their usage has dropped exponentially, has nothing to really do with the price. Price is a different kind of metric for people who are exclusively trying to invest in these things. When you get the actual usage of them, it pales in comparison to the top three. And I guess this is why they are the top three and subsequently why Teather is in the top four. Regardless of how many Teather are actually being printed, Teather is laid out across. What is it, five or six, seven different block chains and is being used actively on a daily basis. So in some odd apocalyptic way, it garners that position as the fourth largest coin. But then you get the other coins. They’re not really being used. Speculation is not a usage or talking about that. You’re going to be building a platform on top of them to be able to mimic something that he Theorem X, Arpey or Bitcoin is doing doesn’t also really garner value. So I’m expecting still at some points, a great crash, a great wave to wash away unworthy coins within the cryptocurrency space. That does not mean that a lot of coins that I am holding, a lot of alt coins will not go up in value. Of course, they are going to go up in value at some point because people will be able to push the prices up. The hype cycles will return. And at that point, I will be cashing out of a lot of them. However, as far as long term. Growth holdings. There’s a reason once again why institutions use you really are just focusing on two coins. It’s because other coins have to kind of prove themselves and if they don’t, they’ll be washed away and then they’ll be replaced by other copycats who also claim to be able to do the same exact thing. And that’s just how things go. Oh, yeah. Let’s move on. Next up, Weiss ratings predicts that the value of gold will increase once 19 is over, but says its upside pales in comparison to that of Bitcoin. According to the crypto ratings agency, the digital nature of Bitcoin gives it several advantages over gold. The traditional hedge against inflation. Government bureaucrats cannot inflate away the purchasing power of your gold like they can with Fiat. But do they can send in storm troopers stomping in to seize it? In 1933, the US president famously confiscated all of the gold in America. Well, that’s nice of him. Australia’s 1959 Banking Act empower the government to force private citizens to turn in their gold for paper. And the 1966 British labour movements made it illegal for any person to own more than four pieces of precious. What was wrong with governments? Don’t think stuff like this can’t still happen. Bankrupt spendthrift governments, especially when their banks are against banks, backs are against the wall. We’ll grab at just about any assets they can lay their hands on. Yeah, this is and that’s definitely true. Bitcoin is also more mobile than gold, argues Weiss ratings, because it requires costly permits and protection during transport. The same is true when it comes to storage. Gold needs a secure location, like a vault or a bank. But Bitcoin does not have the same requirements because there is no physical assets to store. Sure, it’s clear that Weiss Ratings likes Bitcoin. We’re seeing a lot of I don’t know why it why why this particular year, we used to see maybe thrice a year discussions as to the Bitcoin v. gold argument. However, this is like a like a weekly thing now where people are talking about the power of Bitcoin over gold. Maybe they’re just trying to get other people to understand. I don’t know. It’s it’s clear that Bitcoin has many advantages over gold. And at least in my eyes, that Bitcoin is going to. Incredibly outperform gold over the short, near, long, far forever term, being up nine million. If gold had gone up nine million percent since 2009, I would guess everyone should buy some gold. But it’s Bitcoin that has gone up nine million percent. So it’s clear that there is a, at least for me, a clear winner in all of this. Good job wise. Keep keep spreading the. The Bitcoin news, as it were. And to finish things off, she’s shaking his robot hand. That is the weirdest thing of it. Is he? OK. A researcher from the crypto asset firm paradigm. Has co-authored a white paper for a new decentralized finance or DFI lending protocol based with fixed interest rates. The White Paper for yield, a protocol was written by paradigms. Dan Robinson and Alan Neame. Berg, who announced the project on the 8th of May named Berg, also announced that yield protocol has received seed investment from a paradigm which will be designated toward building the initial version of the product. The theory and based protocol purports to introduce fixed term fixed rate lending and interest rate markets to decentralized finance. Those of you who do not know a lot of these. D decentralized finance protocols that give a yearly interest rates, yearly returns on your money. They have fluctuating rates like you would not believe. I have a friend who is actually into a couple of these things. He does side jobs. He breaks Web sites. He does all these things for companies and they pay him. I believe in. And Di D.A., I think he gets paid and die, I remember. Anyway, the point is he then puts that dye into other projects, which then allow him to get an interest rate. He was showing me some of the rates. Like some days it can be like twenty two percent. Other days it’s like for some days at zero point one. And that doesn’t really shine. I mean, nobody really wants to know. If you put your money into something, you want to know that you’re going to get a consistent, even if it’s just five percent is going to be a consistent five percent abody once twenty two percent and then a zero the next day. That does not sound fun. Yields white paper describes a standard for a token that settles based on the value of a target asset on a specified future date and which is backed by some quantity of a collateral asset while defies protocol like maker Dow have garnered significant popularity within the crypto community over the past years. The floating nature interest rates associated with these vehicles have proven to be subject to significant volatility. Yeah, here we go with with maker loans fluctuating between zero point five percent and 20 percent during 2019. No, thank you. This is why I think staking is going to be a very big thing as long as we have a a year long, if not a two to four year long fixed interest rate on some of the stake in coins. I think that is going to really take off. There’s no way that I want zero point five percent on my money. And then I have to hope that the next week or the next month is going to give me a a 20 percent, which would be great. But then if the next month at that is giving me two percent, then, you know, I, I can’t deal with all that emotion. So I hope this works out for them. I’m sure we will have eventually some type of a relatively fixed interest rate even in the in any traditional markets. There is never a 1000 Prosek percent fixed interest rate. You’ve seen the before your whole life. We have five percent, two percent, four percent. It’s though roughly ranges around the same number. But people need the word isn’t clarity consistency when it comes to their investment. So good luck to them. I hope that works out for them because I also think that Devi is going to be very big in just a matter of, you know, you got to make good money before you actually put your money into it. As always, a very special thank you to my patriot and supporters, Professor Walli from Gunbower University, Utopia. Five, six, nine. Yashar not a Moonman Hi X Arpey the pothead Joshua Vinyard Martin story or Tongo Lolo song go Lolo knows Bromo John starts in the animal reader a biblio phobia. Tomalis Adam Grayslake Mohammed Ronie Master Ventures in Thailand. Jared Schnieder Wild Night Owl to Fortune to the World Crypto Joe Bankroll Network Adobo Crypto Artist Cody 3D Nicolas Where on Earth one piece will love Damian set soon a Nick Kanigher Richie Rich at their Vlad the Impaler Praksis Nick Munjal Laborie Anthony Charles Jim Garner Jeremy Fox Minting Coins Miller Hitchhikes Every Day and Cowslips Leg Day Yes to crypto buddy make both face any time. Fitness amongst staff are medic seventeen bake me a cake Take a robot show Nyssa on crypto with LANL Crayola Michala you are Allen Hold on I have to sneeze. Thank you all very very much for your support. Thank you to everyone who is a member of the channel by clicking the little join button below. And thank you to everyone who has subscribed to the new channel. I am still very shocked. Thank you very much. I am happy for the the but the looks now. Wait, wait. Well the support support out of think. That’s what I wanted to say. But thank you for the support on the new channel. I do appreciate it a lot. At the moment the market is basically exactly where it was about a day or two ago. Bitcoin is currently up by one point three, six percent. Every other coin is down by point thirteen point zero, one point six six point two three point zero seven, neither here nor there. There’ve been tons of fluctuations, but we seem to always revert back to the same area, more or less where we were before. You have some anomalies with coins going up. Lumens is going up. Sure. SOS, Tron, Shaw, SOS. Did you buy it? I mean, I, I was going to make a joke, but it just doesn’t. You know what I was going to say anyway. Yeah. The markets what I think a lot of people were expecting huge spikes up or huge slams down or price is kind of being all over the place, but it seems to be neither here nor there. I saw an article earlier discussing that if Bitcoin does happen to pass by nine thousand and that I think it was nine thousand one hundred and maintains it for closing, I eat twenty four hours, give or take, then we could potentially see some movements upward in price. Yeah, I don’t know. Yeah. I really just simply don’t know. I do hope that you all enjoyed. I do hope that you all are having a great day. A great morning, a great afternoon, a great evening, wherever you are, wherever you might be. I do hope that it is absolutely fantastic. All of you remember. Of this year, if we get near the end of quarter to which we are current, where we’re at quarter to quarter to and we still don’t have any Theorem 2.0, we can use that as a reference point. Thank you all once again for watching and or listening. And I will most certainly be talking to you all soon. See you.

source https://www.cryptosharks.net/ethereum-confusion-btc-hash-drop-bitcoin-going-viral/ source https://cryptosharks1.blogspot.com/2020/05/ethereum-20-confusion-btc-hash-drop.html

[cryptosharks1]

Ethereum 2.0 Confusion, BTC Hash Drop, Bitcoin Going Viral, Ethereum Like Facebook & Fixed Rates

VIDEO TRANSCRIPT

Low where everybody, welcome back for another video. Hope you’re all doing well and that you’re all having a great day to start things off in. Very confusing. Weird. Odd. Don’t really no news. With a newly launched multi-client test net Theorem 2.0 is on track to meet its phase zero pre launch requirements. In theory, I’m co-founder of Italic, Budarin said on Monday, kicking off Quoin Desk’s Consensus Distributed Conference Beta and discussed the latest progress. In particular, he highlighted the recent release of the first Ethan 2.0 multi-client test net. The launch of the new network, dubbed She Lazy, is a major milestone for a Theorem 2.0 development. It is, or since it is a what? It is a yes. It is a hard, prelaunch requirement that two or more compatible clients run a test net together for at least two months. Right now, the sleezy network features two clients. They are Lighthouse and PRISM, the tech who and nimbies clients have also sinked with lazy and will soon run their validators on the test net with four clients and to operate on the test net. Lazy is laying the ground for the official multi-client test net that the theory and foundation will deploy in the near future. Here we go. Justin Drake, a researcher at the Theory and Foundation, previously said that the team is hoping to release phase zero may net before the 30th of July, the fifth anniversary of the theory and 1.0. But the launch schedule pushed repeatedly from the initial date since January quarter three, January 3rd of quarter two to now quarter three. It is unclear whether the project can follow through on the July timeframe. I’m pretty sure you see where this is all going. This one tying directly into this hearing reports of a July launch date, Theorem 2.0 Metallic Budarin said he misheard the question at a conference and now clarifies further as to the launch of the official launch of Winning Theorem 2.0 is going to be in a response on Twitter conversation discuss the July launch date. Vitaly responded by saying, Yeah, I did not say July. Perhaps the question contained the word July, but I did not hear July when it was asked. OK, I definitely should have heard Juline the question. It was my mistake. End quote. It happened yesterday at the virtual conference consensus, which is currently underway. Vitaly notes that he misheard the question when the when the confirmed what who wrote this? Which confirmed the launch is still on track. Early on February, another developer seemed to have 95 percent confidence in a July launch, which was then referred back to the reports to which he gave a thumbs up. Later in an e-mail. This is ridiculous. Later, in an email response to Coin Desk, the organizer of the conference clarified. My actual stance is that Ethe too is on track and that there aren’t any unexpected bumps in the road. Test nets are coming along, etc.. But I defer to the club. Calev client devs on timelines and if they are now saying quarter three more broadly than I believe them, since 2019, the developing team has made progress with a series of initial launch of the second chain, but none can. Who wrote this? But none complete. The last significant development was the initiation of the proof of state protocol, but only a on a public test net without daps applications as mark contract platform. So for those of you who are not paying attention. The news that we are getting right now, at least over the last 36 hours, is that apparently and even I think it says it’s somewhere around here as well. If I’m not mistaken, about. But up. Pop up. Yeah. Apparently, a lot of people are like, what’s going on? I heard July. You heard July. Everyone knows her. July. The news that we are now getting is that. Not July, Vitalii never heard. July, he should have heard July and therefore maybe not to July. It says, nevertheless, the community was still looking into a July launch. Yeah, because we’ve heard about that for the last four or five months. The CEO of Oak Coin, Jason Liow, expressed disbelief on his own bid being misled. He said, I’m shocked. But others in the community also mentioned July like we all. Heard July, and I mentioned this a couple of months ago. Remember, remember, I said? I have a feeling that what’s happening with Cardno is going to be pushed back. We all heard May. And then as we got closer to May, the May timeframe became. Oh, yeah. This is this is for family and friends, too. To test it out. And I said a theorem needs to really get moving because we are in a we’re in a very. The word is an unexpected time. I mean, yes, yes, yes. Gibbs’. Yeah, it’s actually completely unexpected. But the coins have to kind of start getting a move on, as it were. And I said the most ridiculous thing would be, I think I said this in February or March, is if we start getting closer to July and we hear the O. July. Is that a month? Oh, no. There’s there’s there’s no July, any theorem. So the news that we’re getting now is quarter three. January, February, March, April, May, June, July, August, September. That now puts us anywhere between July to September. As quarter three that we have all seen and you heard me say. Where you theory home 2.0. I am not losing faith or losing hope. Is like just get a move on already. If this is only the phase zero launch, we’re going to have very big problems because the full release of a theory M 2.0 is probably going to take a good three to four years at this point. So, yeah, that is the I mean, this news was all over the place. A lot of people are scouring the Internet trying to find information about him saying July, the July information. The interesting part is that we all heard July in some form or fashion, as was quoted multiple times. I haven’t mentioned about a good two two weeks ago. Who cares about the exact time frame? One of italic uterine was on stage or is talking somewhere. And he was. We’re still on track. Everything’s good. And everyone took that as an okay for the July time frame. So apparently, Terry Yttrium Theorem 2.0 is still being worked on. It’s still going to happen. But apparently the 30th of July that we all heard is apparently no. Anyway, I mean, I called it and I give it. I don’t even I I don’t even want to give a timeframe. I was going to say even for a Cardno, I give them around to July when they’re going to try and push it back once again. But I listen. I mean, at at at at at this point, it kind of is what it is that the fact that so many of these projects have lasted this long with this amount of delay is just extravagantly amazing. Let’s move on. Next up, bitcoins hash rate, the measure of miners performances appears to have dropped by about 16 percent after the third, having as miners now generate twice less from the block subsidy. According to the bloc’s estimates, the daily miner revenue has dropped by about 44 percent after the having from sixteen point one million to around nine million U.S. dollars. Most of the older ASIC mining equipment, such as the anti miner S9, is now on profitable. The new Djenne devices, such as the Anta Miner s 17 and what’s miner M 30? S remain a vastly profitable. The cash rate appears to be down from one hundred and twenty two Exxon hashes to one hundred and two over the four largest mining pools. Those, those, those and those pool and seems to have lost the largest amount of cash rate, approximately 30 percent, with the BTC dot com losing around 10 percent. This was to be expected. We spoke about this yesterday. The news that we had at the beginning of yesterday’s video was at the hash rate had spiked. I assume that was because everyone was like, well, let’s try to get more Bitcoin. And then they realise that the reward has been cut in half and it is more difficult to mine Bitcoin now. So this was to be expected. But, yeah, this is also passing around in the news a lot as a lot of people are. I don’t wanna say sensationalizing things. However, when you get a drop in hash rated any point, but it happens all the time whether Bitcoin has happened or not. It tends to make a lot of news. And I guess the news that we had before that apparently miners would start turning off their machines if it was not profitable enough for them to be able to mine Bitcoin, then here we are. The news that we also had a couple of months ago, about a month ago, maybe an exact month, was that I think Bitcoin has to be air quotes, I think above twelve or thirteen thousand dollars in order to it to be for it to remain extremely profitable for actual miners to stay in the game, as it were anyway. Yeah, that’s the Bitcoin news there was today. You may have noticed like a lack of price news. There was no price news nowhere. Not noting that no matter where I looked, there was nothing negative and or positive. The prices have relatively gone sideways since the having has taken place. No real ups or downs? No. What’s the word predicted drops yet and no predicted sky rocket things, at least at the moment. Yeah. Let’s move on. Next up, while trainees trades while trading Chinese yuan for bitcoin may technically be banned in China. That hasn’t stopped the country’s citizens from talking up a storm about cryptocurrency. This was made clear on Sunday when Sam. Mao, CSO of Block’s Dream, noted that according to data from Weibo or Weibo, which is that Chinese Twitter air quoted Bitcoin was a trending topic. This is the third time that this has happened the past two weeks, according to a screenshot of Weibo Ibos, the trending list from the 10th of May. Shared by Mao, a search term mentioning Bitcoin’s price drop was recently the 13th most popular term on the platform. This is noticeable as Weibo. Weibo is a platform used. I haven’t had no idea what to say. Use my literally. Wow. Four hundred million people monthly. Showing how excited the Chinese are about BTC. Here is a list right here. I do not read Mandarin. Therefore, I’m going to keep scrolling down. The popularity of Bitcoin in China seems to be somewhat tied to an article shared by the finance column known as CCTV. What the biggest television broadcast went on there. Their television broadcaster is called C.C.. Kind of putting a hat on a hat. CCTV is the predominant state owned television network in mainland China. They call it CCTV. The point is, despite the banning of trading within China of Bitcoin, it appears to remain very popular. We had news like this a couple of weeks ago as well. It wasn’t this guy from Block’s dream, but someone else had posted. I think that Bitcoin was the what was it, the second or third most popular trending topic in China? Four, 400 million is a lot of people for 400 million users just on this one app alone. That’s more than the entirety of the United States. That’s a huge amount of people. Can you imagine if we had a situation where on just American Twitter or American Facebook or American Instagram, where Bitcoin was the second or 13th, the most spoke spoken about topic in the entire country? That’d be completely insane. So I wonder what would happen if people in China had complete access to I mean, their government also knows that they can’t give them complete access because of things like this. Can you imagine what for? If Bitcoin had had become the number two trending topic, especially a news article called like Bitcoin price rise amongst 400 million people, these 400 million people would have at least tried to purchase a million. Satoshi is each at least, which would have definitely done something to the price anyway. Yeah. That’s the. We bo y bo Twitter number 13 news for today. I mean, it’s it’s it’s it’s it’s very unsurprising. This is why I keep mentioning Bitcoin’s a lot more popular than people. Believe or understand, a lot of times we kind of put ourselves in our own bubble, whether it be here on the channel or with our friends or community, what have you. We don’t realize that there are hundreds of millions of people around the world who are also they know the name Bitcoin and are either on the cusp of buying Bitcoin or already own Bitcoin. It is a quite the fascinating indeed. Let’s move on. Next up, with crypto currencies, there are no cash flow statements or balance sheets and investor can analyze to get a good sense of their intrinsic value. This makes it hard for a conservative Wall Street players such as Warren Buffett who analyze their instead nope investments and by discounting cash flows from dripping from dipping. Who keeps writing these weird words? And I can’t read. According to hedge fund manager Mike Novogratz, though, he theorems that dollar value is predicated on the concept of a network effect, which is an economic concept that the value of a network B that technology or money is predicated on how many people use it. Over the past decade, cryptocurrency is have formed market capitalizations in the billions and billions of dollars, according to Crypto Slate’s Coin Reinking Page. There are currently over 16 coins worth over one billion dollars and fifty five worth over one hundred million dollars. That raises the question what is behind these high valuations? How could projects just years old be worth so much? For those of you who want the answer, a lot of them are inflated completely in price. These coins aren’t being used. So when you see a coin where ninety nine percent of all transactions are happening through a weather app or another coin where ninety five percent of all transactions are happening just between two addresses. Hum. You realize that these things are the word fraudulent comes to mind. However it comes more down to these things are overvalued and should not be valued even over a million dollars because no one’s really using them for a theorem. At least it’s a simple network effect. Speaking on a panel at the ethereal virtual summit. The latest virtual crypto conference, former Goldman Sachs partner Mike Novogratz shared his sentiment with you, Theorem co-founder Joseph Luban. And for Cats’ News or Katz for four oh four forecast y. Spell it that way. Forecast the dots news g allow. He argued that he theorem garnering a 20 billion dollar market cap is based on a confluence of a different used cases on the block chain, such as decentralized finance, enterprise applications or stable coins, garnering a vast amount of users, which then creates a network effect that increases prices exponentially. This contradicts the belief that he theorem is only valuable because it facilitates ISO’s, which was a popular sentiment in 2018. He said one of the things for the theorem narrative is valuing the network, kind of like we do with Facebook. The more network effect you get, the better. Like getting Teather to migrate its coin. We theory M brings people using that to the network. Mike Michael Novogratz is a hyper ethereal and hyper bitcoin bull. This is actually I’m surprised it took so long for this to actually come to the light. If that kind of makes any sense. This is a major reason for the valuation of Bitcoin. Usually you don’t hear. Why is Bitcoin worth so much when you get the news that Bitcoin last year transacted over a trillion dollars? Eighth largest currency, what have you, so on and so forth. These these discussions kind of disappear because you understand that regardless of what anyone Warren Buffett, he might say about Bitcoin, we know that Bitcoin is being used as being accumulated, is being passed back and forth. People are being paid in Bitcoin, buying flights, a Bitcoin, what have you. But we never usually get this discussion for a theory. I mean, usually focuses around the idea that a theorem is only good for ISO’s NRD five projects. But it comes down to also if other people continue to build their stuff on top of you theorem and therefore ether in some ways being used or the ether theory of network is being used by tens of millions of hundreds of millions of people around the world. And therefore the network also have has tons of value. However, you can’t really do that with 15 transactions per second. So, yeah, I mean, it’s just it’s just a very weird and odd conversation because. When people ask me and have been asking before which coins I’m into when they are usually shocked that I’m rarely only kind of paying attention to a couple of coins, it’s because of that. It’s because we can mathematically see transactions going through the the Arpey ledger. We can see how many people are actually using Bitcoin. We can see based off of metrics that a theorem remains popular regardless of how slow it’s currently going, and also the companies and countries who are going to be building on top of it. But then you get into discussions. I’m not going even name other coins because I can feel the the the angry comments coming. These other coins aren’t being used. Their usage has dropped exponentially, has nothing to really do with the price. Price is a different kind of metric for people who are exclusively trying to invest in these things. When you get the actual usage of them, it pales in comparison to the top three. And I guess this is why they are the top three and subsequently why Teather is in the top four. Regardless of how many Teather are actually being printed, Teather is laid out across. What is it, five or six, seven different block chains and is being used actively on a daily basis. So in some odd apocalyptic way, it garners that position as the fourth largest coin. But then you get the other coins. They’re not really being used. Speculation is not a usage or talking about that. You’re going to be building a platform on top of them to be able to mimic something that he Theorem X, Arpey or Bitcoin is doing doesn’t also really garner value. So I’m expecting still at some points, a great crash, a great wave to wash away unworthy coins within the cryptocurrency space. That does not mean that a lot of coins that I am holding, a lot of alt coins will not go up in value. Of course, they are going to go up in value at some point because people will be able to push the prices up. The hype cycles will return. And at that point, I will be cashing out of a lot of them. However, as far as long term. Growth holdings. There’s a reason once again why institutions use you really are just focusing on two coins. It’s because other coins have to kind of prove themselves and if they don’t, they’ll be washed away and then they’ll be replaced by other copycats who also claim to be able to do the same exact thing. And that’s just how things go. Oh, yeah. Let’s move on. Next up, Weiss ratings predicts that the value of gold will increase once 19 is over, but says its upside pales in comparison to that of Bitcoin. According to the crypto ratings agency, the digital nature of Bitcoin gives it several advantages over gold. The traditional hedge against inflation. Government bureaucrats cannot inflate away the purchasing power of your gold like they can with Fiat. But do they can send in storm troopers stomping in to seize it? In 1933, the US president famously confiscated all of the gold in America. Well, that’s nice of him. Australia’s 1959 Banking Act empower the government to force private citizens to turn in their gold for paper. And the 1966 British labour movements made it illegal for any person to own more than four pieces of precious. What was wrong with governments? Don’t think stuff like this can’t still happen. Bankrupt spendthrift governments, especially when their banks are against banks, backs are against the wall. We’ll grab at just about any assets they can lay their hands on. Yeah, this is and that’s definitely true. Bitcoin is also more mobile than gold, argues Weiss ratings, because it requires costly permits and protection during transport. The same is true when it comes to storage. Gold needs a secure location, like a vault or a bank. But Bitcoin does not have the same requirements because there is no physical assets to store. Sure, it’s clear that Weiss Ratings likes Bitcoin. We’re seeing a lot of I don’t know why it why why this particular year, we used to see maybe thrice a year discussions as to the Bitcoin v. gold argument. However, this is like a like a weekly thing now where people are talking about the power of Bitcoin over gold. Maybe they’re just trying to get other people to understand. I don’t know. It’s it’s clear that Bitcoin has many advantages over gold. And at least in my eyes, that Bitcoin is going to. Incredibly outperform gold over the short, near, long, far forever term, being up nine million. If gold had gone up nine million percent since 2009, I would guess everyone should buy some gold. But it’s Bitcoin that has gone up nine million percent. So it’s clear that there is a, at least for me, a clear winner in all of this. Good job wise. Keep keep spreading the. The Bitcoin news, as it were. And to finish things off, she’s shaking his robot hand. That is the weirdest thing of it. Is he? OK. A researcher from the crypto asset firm paradigm. Has co-authored a white paper for a new decentralized finance or DFI lending protocol based with fixed interest rates. The White Paper for yield, a protocol was written by paradigms. Dan Robinson and Alan Neame. Berg, who announced the project on the 8th of May named Berg, also announced that yield protocol has received seed investment from a paradigm which will be designated toward building the initial version of the product. The theory and based protocol purports to introduce fixed term fixed rate lending and interest rate markets to decentralized finance. Those of you who do not know a lot of these. D decentralized finance protocols that give a yearly interest rates, yearly returns on your money. They have fluctuating rates like you would not believe. I have a friend who is actually into a couple of these things. He does side jobs. He breaks Web sites. He does all these things for companies and they pay him. I believe in. And Di D.A., I think he gets paid and die, I remember. Anyway, the point is he then puts that dye into other projects, which then allow him to get an interest rate. He was showing me some of the rates. Like some days it can be like twenty two percent. Other days it’s like for some days at zero point one. And that doesn’t really shine. I mean, nobody really wants to know. If you put your money into something, you want to know that you’re going to get a consistent, even if it’s just five percent is going to be a consistent five percent abody once twenty two percent and then a zero the next day. That does not sound fun. Yields white paper describes a standard for a token that settles based on the value of a target asset on a specified future date and which is backed by some quantity of a collateral asset while defies protocol like maker Dow have garnered significant popularity within the crypto community over the past years. The floating nature interest rates associated with these vehicles have proven to be subject to significant volatility. Yeah, here we go with with maker loans fluctuating between zero point five percent and 20 percent during 2019. No, thank you. This is why I think staking is going to be a very big thing as long as we have a a year long, if not a two to four year long fixed interest rate on some of the stake in coins. I think that is going to really take off. There’s no way that I want zero point five percent on my money. And then I have to hope that the next week or the next month is going to give me a a 20 percent, which would be great. But then if the next month at that is giving me two percent, then, you know, I, I can’t deal with all that emotion. So I hope this works out for them. I’m sure we will have eventually some type of a relatively fixed interest rate even in the in any traditional markets. There is never a 1000 Prosek percent fixed interest rate. You’ve seen the before your whole life. We have five percent, two percent, four percent. It’s though roughly ranges around the same number. But people need the word isn’t clarity consistency when it comes to their investment. So good luck to them. I hope that works out for them because I also think that Devi is going to be very big in just a matter of, you know, you got to make good money before you actually put your money into it. As always, a very special thank you to my patriot and supporters, Professor Walli from Gunbower University, Utopia. Five, six, nine. Yashar not a Moonman Hi X Arpey the pothead Joshua Vinyard Martin story or Tongo Lolo song go Lolo knows Bromo John starts in the animal reader a biblio phobia. Tomalis Adam Grayslake Mohammed Ronie Master Ventures in Thailand. Jared Schnieder Wild Night Owl to Fortune to the World Crypto Joe Bankroll Network Adobo Crypto Artist Cody 3D Nicolas Where on Earth one piece will love Damian set soon a Nick Kanigher Richie Rich at their Vlad the Impaler Praksis Nick Munjal Laborie Anthony Charles Jim Garner Jeremy Fox Minting Coins Miller Hitchhikes Every Day and Cowslips Leg Day Yes to crypto buddy make both face any time. Fitness amongst staff are medic seventeen bake me a cake Take a robot show Nyssa on crypto with LANL Crayola Michala you are Allen Hold on I have to sneeze. Thank you all very very much for your support. Thank you to everyone who is a member of the channel by clicking the little join button below. And thank you to everyone who has subscribed to the new channel. I am still very shocked. Thank you very much. I am happy for the the but the looks now. Wait, wait. Well the support support out of think. That’s what I wanted to say. But thank you for the support on the new channel. I do appreciate it a lot. At the moment the market is basically exactly where it was about a day or two ago. Bitcoin is currently up by one point three, six percent. Every other coin is down by point thirteen point zero, one point six six point two three point zero seven, neither here nor there. There’ve been tons of fluctuations, but we seem to always revert back to the same area, more or less where we were before. You have some anomalies with coins going up. Lumens is going up. Sure. SOS, Tron, Shaw, SOS. Did you buy it? I mean, I, I was going to make a joke, but it just doesn’t. You know what I was going to say anyway. Yeah. The markets what I think a lot of people were expecting huge spikes up or huge slams down or price is kind of being all over the place, but it seems to be neither here nor there. I saw an article earlier discussing that if Bitcoin does happen to pass by nine thousand and that I think it was nine thousand one hundred and maintains it for closing, I eat twenty four hours, give or take, then we could potentially see some movements upward in price. Yeah, I don’t know. Yeah. I really just simply don’t know. I do hope that you all enjoyed. I do hope that you all are having a great day. A great morning, a great afternoon, a great evening, wherever you are, wherever you might be. I do hope that it is absolutely fantastic. All of you remember. Of this year, if we get near the end of quarter to which we are current, where we’re at quarter to quarter to and we still don’t have any Theorem 2.0, we can use that as a reference point. Thank you all once again for watching and or listening. And I will most certainly be talking to you all soon. See you.

source https://www.cryptosharks.net/ethereum-confusion-btc-hash-drop-bitcoin-going-viral/

[entergamingxp]

Stadia Makers Program Announced for Unity Devs to Self Publish Indies

March 24, 2020 7:26 AM EST

Stadia Makers is a self-publishing program for indie developers to get more indie games on Google Stadia.

Google’s streaming platform, Stadia, hasn’t had the best of starts, launching last year with a lack of games and finding some issues with some of its features. The small library and trust in the company and lack of money being offered have seen developers and publishers be wary of the streaming platform, and the lack of indie games has been noticeable as the platform mostly has big blockbuster titles. However, not only does Stadia have a bunch of titles to announce through the year, but it also seem to be trying to get more indie games on the platform through a new Stadia Makers program.

Announced yesterday, Stadia Makers is the company’s “first step into an expansion of self-publishing for experienced independent game developers.” It also shares some details that since the platform launched, there have been over 30 games and 60 game updates as well as boasting that there are 120 games still to arrive this year.

According to the blog post, “far more studios applied to be a part of our launch than we could work with at the time” and now that Stadia has improved its tools and built new partnerships, it can now work with more independent studios.

One of those partnerships is Unity. As Google pilots the Stadia Makers program, those using Unity 2019.3 or later with plans to ship a game in 2020 and 2021 are eligible. Stadia SKU is also listed on the eligibility section, explaining that a studio can increase the reach of its game by adding Stadia to the list of launch-day platforms.

Those accepted into the program will find themselves getting technical assistance from experts at Unity, helping projects meet targeted alpha, beta, certification, and launch dates. Participants are also eligible to receive up to five physical development kits depending on the team size and structure. As for funding, “There’s a very real financial consideration when it comes to developing across platforms, and Stadia will offset some of those costs.”

It’s stated that the program will start small with plans to expand to bring on more development teams of all sizes. Those interested can apply to become one of the first approved developers to self-publish their title on Stadia through the Stadia Makers program by signing up here.

It certainly sounds like Stadia is making the effort to get more indie titles to the platform, which is a fantastic idea. However, the details on what “some of those costs” that the compnay plans to offset seem rather scarce and further makes developers and publishers wary of what exactly they’ll be getting offered.

GameDaily did reach out to Stadia reps looking for more details but were told that Google isn’t revealing details on the funding details nor the user count on Stadia at the moment. Being so tight-lipped about key information that developers and publishers want to know before thinking about pushing their game on the platform seems like an odd move.

“Independent developers are obviously a key part of Stadia, and you can see that we have some great indie games already launched with more coming very soon.” a Stadia representative told GameDaily.

Games research director at Ampere Analysis, Piers Harding-Rolls, also spoke with GameDaily about the indie scene on Stadia, saying that it is “a positive sign and will help flesh out Stadia’s supported content in 2020 before we get a launch of its free tier.” He adds, “But I believe that content-based subscription services will continue to be the most commercially successful cloud gaming offerings. Google Stadia is not yet there in terms of a bundled content subscription offer – I can see that coming down the road, but not until at least 2021.”

He goes on, “As such, Google needs more exclusive content to compete with cloud gaming services from Sony and Microsoft that are either already in the market or poised to launch commercially in 2020. Google understands this and is the key reason the company is acquiring new talent to build out its first-party studio capability.”

Google Stadia has a lot of competitors to go against in the future. Not only is the Xbox Series X and PS5 on the way, but there are other cloud services such as Nvidia’s GeForce Now for PC users, PlayStation Now and Amazon are possibly making pushes into the cloud streaming scene, and Microsoft has the Project xCloud on the way. Head of Xbox, Phil Spencer has already said that Microsoft sees Amazon and Google as their main competitors.

March 24, 2020 7:26 AM EST

from EnterGamingXP https://entergamingxp.com/2020/03/stadia-makers-program-announced-for-unity-devs-to-self-publish-indies/?utm_source=rss&utm_medium=rss&utm_campaign=stadia-makers-program-announced-for-unity-devs-to-self-publish-indies