#they individually did not have the productive power to create the billions of coins that they have but used the productive power of others

[hypixelskyblock]

so you cant get phases to start early, but you can get to phases before they start. you can do 2 of the devices in phase 3 before the phases actually starts (the ones in 3.2 and 3.3) and since healer is pretty much useless in m7 the healer goes into phase 3 and does devices before phase 3 actually starts.

and can you just skip the entire dungeon?

so there's 0 second blood and blood skip. 0 second is starting with someone in the blood room, and blood skip is starting the dungeon in boss. somewhat recently they made it so that you get instantly killed if you're outside of the start room when the dungeon starts, but you can still 0 second using some tactical insertion trollage.

I don't really know how blood skip worked

backwards predev goes hard

[kavinsps]

What is decentralized money (DeFi)?

Defi staking platform services In the previous ten years we have perceived how computerized development was extraordinary of plans of action, yet it didn't assume a problematic part. The environment was restricted to reordering the plans of a customary monetary framework intended for the simple world, superimposing computerized points of interaction to make it more open to a group of people with its focal point of gravity on portable and PC. Nothing like what occurs and will occur in the computerized world and really taking into account decentralized finance.

What do we mean by the idea of decentralized finance or DeFi?

Short for decentralized finance, DeFi is an umbrella term for an assortment of blockchain-situated public space applications and tasks that are set to upset the universe of customary money intensely. DeFi comprises of distributed applications and conventions created on decentralized blockchain networks that don't need access freedoms to work with loaning, protection, prophets, digital currencies, trades, subsidiaries, resource the executives, or monetary device exchanging. . Most DeFi applications today are constructed utilizing the Ethereum organization, yet numerous elective public organizations are arising that give speed, adaptability, security, and lower costs.

How did DeFi begin?

People at first traded labor and products. However, as economies have advanced as well: we designed money to work with the trading of labor and products. In this way, the coins assisted with presenting advancements and made better degrees of economies. In any case, progress includes some significant downfalls. Focal specialists have generally given monetary forms that support our economies, which eventually gave them more power as additional individuals confided in them. defi staking platform services Be that as it may, trust has been parted from time to time, making individuals question the capacity of unified specialists to oversee such cash, as well as their job and capability.

DeFi gave a plenty of chances to accomplish a straightforward and powerful monetary framework that no single element controls all alone. In any case, the defining moment for monetary applications started in 2017, with projects that worked with more usefulness than essentially moving cash.

Monetary business sectors can produce good thoughts and drive flourishing in the public eye. In any case, power in these business sectors is unified. At the point when individuals put resources into the ongoing monetary framework, they move their resources for mediators, like banks and monetary establishments; this keeps chance and control at the center of these frameworks.

By and large, we have seen brokers and foundations that didn't see the dangers in that frame of mind, as was found in the monetary emergency of 2008. No ifs, ands or buts, when focal specialists control cash.

Bitcoin and the early digital currencies, which were at first evolved to give individuals unlimited authority over their resources, possibly became decentralized when it came to issuance and capacity. Giving admittance to a more extensive arrangement of monetary instruments stayed a test, until the coming of savvy agreements and that empowered DeFi.

DeFi conventions and how they work

DeFi has developed into a total environment of working applications and conventions that offer some benefit to a huge number of clients. Resources worth more than $30 billion are as of now secured in DeFi biological systems, making it quite possibly of the quickest developing section inside the public blockchain space.

The most well known DeFi use cases and conventions that anyone could hope to find available today are:

DeFi loaning and acquiring

DeFi provided finance another guidance by permitting decentralized loaning and acquiring, charged as 'Open Money', to offer digital currency holders loaning open doors for yearly returns. Decentralized loaning permits individuals to get cash at a particular financing cost, addressing the necessities of the digital currency holder local area.

Best DeFi Getting and Loaning Stage: Compound Subsidizing

Sent off in 2018, Compound Money is the brainchild. The undertaking is a loaning convention created on the Ethereum blockchain that permits clients to procure interest by loaning resources or getting against security. The accumulate convention makes this conceivable by making liquidity for digital currencies through financing costs set by PC calculations. Build clients acquire interest while keeping cryptographic forms of money. Whenever digital currencies are provided on the Compound stage, clients can involve them as insurance for advances.

decentralized trades

Decentralized Trades (DEx) are one of the fundamental elements of DeFi, with the most extreme measure of capital secured contrasted with other DeFi conventions. DExes permit clients to trade tokens with different resources, without an incorporated mediator or overseer. Customary trades (unified trades) offer comparable choices, however the ventures offered are dependent upon the will and expenses of that trade. The extra expense in every exchange is one more regrettable part of CEx, which DEx addresses.

Top Decentralized Trade: Uniswap

Established in 2018 by Hayden Adams, UniSwap is the biggest mechanized symbolic trade by exchanging volume executed on the Ethereum blockchain. The task was sent off subsequent to getting awards from various investment firms, including the Ethereum Establishment. UniSwap computerized exchanges between cryptographic forms of money through savvy contracts.

today offers three functionalities: trade tokens, add liquidity and eliminate liquidity.

Token trade:

Clients should make a Metamask record to utilize this help. When a Metamask account is made, clients can choose the tokens they own to trade for one more kind of digital currency.

Adding liquidity:

To give liquidity, clients store an identical worth of tokens into the trade contract related with the token. When you have liquidity tokens, you can add them to a "pool" in the UniSwap interface. Clients who give liquidity on UniSwap acquire trade expenses, determined by the worth of the tokens presented for liquidity.

Dispensing with liquidity:

You can eliminate liquidity on UniSwap by just picking the 'Eliminate Liquidity' choice from a drop down menu.

Stablecoins are a feasible answer for the instability issues encompassing digital currencies and are assisting DeFi with acquiring conspicuousness. The name says everything: the worth of stablecoins is attached to a generally steady resource that tries to keep its cost consistent, like gold or the US dollar. Stablecoins have proved to be useful during seasons of chance in the crypto space, giving a place of refuge to financial backers and dealers. Security makes them a solid insurance resource. Stablecoins additionally assume a significant part in liquidity pools, a necessary piece of the DeFi and DEx environment.

[hedgewitchgarden]

In 1992, a Canadian ecologist named William Rees coined the term “ecological footprint,” a measurement of how much any entity was impacting the planet’s ecology. A decade later, British Petroleum started promoting a new term: “carbon footprint.”  In a splashy ad campaign, the company unveiled the first of its many carbon footprint calculators as a way for individuals to measure how their daily actions—what they eat, where they work, how they heat their home—impact global warming.

BP did not adopt the footprint imagery by accident. In the 30 years prior to the carbon footprint campaign, polluting companies had been using advertising to link pollution and climate change to personal choices. These campaigns, most notably the long-running Keep America Beautiful campaign, imply that individuals, rather than corporations, bear the responsibility for change.

“It was done so intentionally,” says Susan Hassol, director of the nonprofit science outreach group Climate Communication. “It’s a deflection.”

The universal adoption of the term “carbon footprint” hasn’t just changed how we speak about climate change. It’s changed how we think about it. Climate change has become an individual problem, caused by our insatiable appetite for consumption, and therefore a war that must be waged on our dinner plates and gas tanks, a hero’s journey from consumer to conservationist.

Yet the reality is that the future of civilization is being decided at a political and corporate level that no individual can impact. Just 100 companies are responsible for 71% of global emissions. Fossil fuel giants are funding climate change skepticism while simultaneously lobbying for tens of billions of dollars in subsidies. Big corporate names like Costco and Netflix are loudly committing to reduce emissions but unable to set meaningful targets or put plans in place. The Trump administration rolled back more than 100 environmental rules and regulations.

The reality is that the future of civilization is being decided at a political and corporate level that no individual can impact.

The same way that you give your child a toy to play with so you can finish your task uninterrupted, everyday citizens are busy changing out lightbulbs and buying electric cars while the true cause of global warming continues uninterrupted: a civilization dependent on fossil fuels. As Mike Tidwell, the executive director of the Chesapeake Climate Action Network, wrote in a 2007 op-ed, “every time an activist or politician hectors the public to voluntarily reach for a new bulb or spend extra on a Prius, ExxonMobil heaves a big sigh of relief.” A complete paradigm shift is needed—both in the way we conceptualize our individual climate impact and in the ways we calculate the emission impacts of those ultimately responsible: corporations and governmental systems.

One of the challenges with the carbon footprint measurement is how few of the factors an individual controls. Most of us have limited options for where we live, how far we have to commute to get to work, what kind of energy is available to heat our homes, etc. If we don’t own our home (and more than 30% of Americans don’t), we may not be able to properly insulate or install high-efficiency appliances. One research report from the Norwegian University of Science and Technology found that roughly one third of a city dweller’s carbon footprint is determined by public transportation options and building infrastructure. “We build our cities this way,” Hassol says. “It’s system change that’s really needed so that people have better choices.”

The inadequacy of our carbon footprint as a driver of change is painfully highlighted when you look at single-use plastics. Much attention has been given to how much plastic Americans consume (35.3 million tons per year, enough to fill the 104 million-cubic-foot AT&T Stadium in Dallas every 16 hours) and how each individual should be changing their behavior to help combat this waste. Everywhere you look, there’s a campaign to recycle more, or use metal straws, or bring your own bag to the grocery store.

In contrast, there are no public campaigns about the fact that packaging, an area where consumer control is limited, is the top driver of plastic production by a significant margin. The emissions impact of plastic manufacturing itself is rarely mentioned, along with the fact that much of our recycling still ends up in landfills. Some of the poorest nations are left to deal with hundreds of thousands of tons of soft drink bottles. The plastics are often just incinerated, creating serious environmental and health consequences. It’s a question as to whose carbon footprint is making a deeper impact on the environment: the family whose lettuce comes sealed in plastic (and who pays, not only for the product, but also for the waste collection and management services), or the company that is continuing to package food products in plastic materials, and then opting out of responsibility for their disposal.

Even if we just wanted to measure individual impact on climate change, the carbon footprint falls painfully short: “The current concept of a carbon footprint is too narrowly drawn,” Hassol explains. “It’s only the things I’m actively using and doing in my personal life and it doesn’t draw on other actions that are perhaps more important in the big picture as far as addressing climate change.”

For example, the average American has a carbon footprint of 16 tons. The average individual footprint globally is 4 tons. But that calculation doesn’t include who you vote for, how you invest your money, who you work for (and how much you travel for work, versus for leisure), or how you talk about climate change and influence others to get involved. “All of that should be part of the way we conceptualize our impact,” Hassol says.

Instead of obsessing over a single metric, Cameron Brick, a social psychologist from the University of Amsterdam, says he urges people to have an ongoing and evolving conversation between themselves and their chosen lifestyle. “It’s not a single number, because anytime you pick a metric, then we will begin to game it,” he says. Instead, a minimal-carbon lifestyle is a process—one that involves community-building and continuing to make improvements over time, he says. “My lifestyle is not perfect either, but probably better each year.”

Hassol points out that one of the most important ways that an individual can impact emissions on a wider scale is also the hardest to calculate: social contagion. “When people do something, it affects others around them and their emissions,” she says.

Studies have shown that energy-related behaviors are heavily influenced by peer groups, even more than cost or convenience. A study in California showed that every time a solar panel was installed within a certain ZIP code, the probability of another installation in that area increased by 0.78%. Similarly, if you know somebody who has given up flying because of climate change, you are 50% more likely to also reduce your own air travel.

“Your individual footprint is not the full measure of your contribution because you’re encouraging other people through your personal actions,” explains Hassol. She recommends that people who want to do more should research community solar options and ways to buy into clean energy in their communities, and then publicize those options among their families, friends and social networks, in order to create that initial momentum for change.  

But what could system change look like? For starters, using measurements that actually hold the decision makers responsible for their emissions impacts, for the entire lifecycle of their product or service. That might look like Big Soda being held accountable not only for the manufacturing and transportation of their single-use plastics, but also for each and every bottle that ends up in somebody’s recycling bin (Coca-Cola is the top producer of plastic waste in the world). The shift also might look like emissions information being printed on product labels and unbiased regulatory bodies certifying the accuracy of corporate emissions reports.

On the policy level, interest in a carbon tax is growing. The Break Free From Plastic Pollution Act was reintroduced in Congress this year (as Senate bill 984 and House Resolution 2238), and would force a temporary moratorium on virgin plastic production, require minimum recycled content, and ban some single-use plastic food service items. Many states already have some form of a producer responsibility program, where the producer of hard-to-dispose products such as paints, batteries, and other hazardous materials, must finance proper disposal. This creates an incentive to design reusable or less-toxic products.  

When we shift the focus from changing consumer behavior to changing producer behavior, we see where true change happens: in corporate boardrooms and among political leaders. The irony of the carbon footprint is that individual action does have the power to change the world, just not on the lightbulb and recycling level.

“This problem is too big to solve voluntarily one person at a time,” Hassol says. “We need to change the system and you have a role in changing that system.”

[unproduciblesmackdown]

Genuine question what is billions even about I see clips all the time and I cannot figure out what the plot is besides like “business” but I am very much in love w Taylor Mason (i think that’s their last name?) so I am intrigued ...

oh i’m so glad you asked

yeah it’s not at all a Just You thing, not only do we often only post about a particular slice of the series, it’s just REALLY difficult to get (or provide. but i’m always up for the challenge) a sense of what Billions is like as a series like, genre wise, and re: the plot, my god, every [usually more than 50 min but less than an hour] episode is a journey, in that So much will have happened. it moves at a Pace, i can tell you. but you know, good news in that it’s not really necessary to explain every plot thread ever, b/c it’s as much about its Themes or what have you

the stats rundown is billions is a weekly showtime tv series partway through its 5th season (12 episodes per season, currently they are producing the last half of s5 but had been on pandemic production hiatus for the past year, we do not yet know when the rest of s5 will air, s6 was greenlit a while ago) this isn’t really need to know for this question lol, but you don’t need to Not know either

the like, content Rundown is that yeah, it’s business, mostly high finance, although one of the main characters is always doing Legal Stuff (don’t care really b/c that side of things is not generally as relevant to, yes, taylor mason, who Makes the series). the kind of overarching Theme / premise is that the show is about like, here’s these Conflicts between people who are wielding some power in various ways, looking at the motivations of the individuals involved / the Cause And Effect web of these conflicts between them, e.g. how the consequences / fallout of one Power Play Maneuver will affect someone else’s storyline and result in them executing their own maneuvers, and of course, the pitfalls of all of this. more specifically, the series kicks off with the two (then (taylor is introduced in season 2) mainest characters, Axe, ceo of a hedge fund, and Chuck, some kind of lawyer who decides to go after axe b/c axe thinks he’s hot shit (true) and chuck is like ohhh i gotta do something about this guy. so there’s an Unending Conflict, axe vs chuck, an ongoing back and forth series of small or more overarching battles, and of course sometimes alliances, because there’s a Lot of characters on this show and we’re in season 5 so there’s been plenty of other Conflicts introduced besides this particular ongoing war. also, uh oh, chuck’s wife wendy works for the hedge fund axe runs! that’s just a whole wrench in things. as some sort of like, in house therapist performance coach sort of deal, thanks wendy, she’s also fairly a Main Character

axe is somewhat more relevant for our purposes b/c that’s that Finance side of the show via which taylor is introduced. but yeah both axe and chuck are exasperating lmfao like, this isn’t a show where it’s about the Likeability of whatever main character where like, you’re rooting for the obviously righteous / justified person or anything, it’s more about being along for the ride where you get to know Why people are engaging in these conflicts for sure, but like, unless you’re one of plenty of fans who maybe aren’t bringing the most Insight to the show who find any of this like, aspirational Epic Winner stuff like hell yeah axe or chuck as the Cool Guy Who Deserves To Win lmfao, being along for the ride is knowing that you’re just getting to watch this unfolding mess, so that’s “fun” lol

to get more to the point, yeah Taylor Mason is again the best part of the series lol, they’re introduced early in s2 as a Very Talented young iintern at axe capital (axe’s hedge fund) who, yknow, part of what makes axe an Eventful character to center things around is he’s (sometimes) capable re: all these strategic finance maneuvers, and also all “i don’t play by the rules,” which can often mean like, the actual rules like “no insider trading please” or more kinda implicit moral rules like “don’t keep taking Business Advantage over people’s deaths,” and here means that even though taylor is this early to mid 20something intern with no experience in finance who’s not even, at that juncture, necessarily planning to stay in the industry, he’s like yeah they’re valuable and i’m not gonna hold them back from that potential / opportunities * just because they’re a 20something new to the industry intern who definitely doesn’t behave in the Usual Way around here and is also a canon nonbinary character, thanks ( * you might not believe it, but axe does not proceed to only ever be a potential encouraging, opportunity creating ally* (*although, one nice thing is that they....almost always....have axe adamantly hold everyone who works with him to respecting taylor as a nonbinary person, at least in how they address taylor. b/c taylor Does get misgendered periodically, which can be exhausting, but they also aren’t exactly striving to hold it to what might be most “””realistic””” so like, taylor isn’t subject to transphobia and misgendering All The Time either) and so taylor very quickly goes beyond internship at axe cap, to the extent that when, at the end of season 2, axe effectively leaves them in charge of the whole fund when his own fuckups mean he temporarily Can’t helm axe cap

aaand then s3 starts off with taylor running things but has axe return Officially in charge soon enough, so there’s problems there, in that axe is now pulling taylor Back, and like, axe is alllllll about his ego, so it’s like, of course he’d Want taylor to have been able to successfully run axe cap while he couldn’t, since it’s his fund, but then of course he’s also mad about it b/c he needs everyone, like taylor, to know he’s better & more winning than them. and taylor doesn’t appreciate now being more sabotaged and stifled and that, like, if they’re mad about being treated this way, axe is just gonna be mad about That b/c you know, why aren’t they Only grateful to their mentor or deferential to his Skill And Experience, as well as the fact that no matter how much of an Ally you are to him, he’ll be mad if you’re not unilaterally loyal, aka if he fucks you over you can’t be mad about it or that’s actually a way you’re wronging Him, and you’re also wronging him if yknow, you say he can’t/shouldn’t just do what he wants, or do anything that to him implies you don’t think he’s objectively the Best most Winning and Deserving guy in whatever regards, like, if you’re associated with someone who makes him feel insecure in his superiority for one moment, and/or who he thinks doesn’t also recognize his superiority or something, he’ll be mad at you.......the Conflicts can arise v easily around here with this beloved character walking around. so, yeah, whereas season 2 for taylor is more like wow taylor you’ve got all this potential and value here, in season 3 taylor’s sure got reason to question their future at axe cap (see this post resident Billions / Taylor Mason Pro soph made last night) and, when not only are they and axe just more often going head to head over what they want here, there’s also this added egregious conflict of “taylor starts seeing this guy oscar who’s also in finance (but not at axe cap) and when they ask axe for some input on a matter via which they intended to help oscar out, axe uses that Information taylor just used to fuck oscar over to his own advantage, and when taylor is like ‘what the hell’ axe is just like ‘what’d you expect!! i gotta be me!!! if you expected anything different, that’s on you, and if you Did expect me to do this, that’s also on you’ because i’m sure it’s a surprise to hear that axe considers himself this like, force of nature where all his feelings and motivations and justifications are Objective and Correct, and then taylor has to tell oscar what happened and naturally this ends the relationship, to their evident further unhappiness” and oops, season 3 ends with taylor having started their own hedge fund.

i could give a tl;dr for what happens over the course of s4 & (so far in) s5, but i think the s2/s3 arcs are kinda the Essential Lore for explaining this character who crashes into the show (not in that their character tends to crash, their arrival and presence is clearly somewhat of a shakeup re: the norm, but they themself are all about staying balanced and Not being driven by tumultuous emotional impulses or anything like that, *cough, the characters they are quite a Foil to in this way*) and quickly ascends to Main Charactership. (also just remembered the other stats note that taylor is played by asia kate dillon, who is themself nonbinary.) another element that is a lot of fun re: taylor is that they have like, the series’ best Friendship lol, the show is not very conducive to a bunch of characters having a bunch of heartwarming relationships, though they sure Do appreciate those characters and let us see a lot of Dynamics at play even beyond the “these people are locked in conflict” plots and characterful interactions and moments for their own sakes, and Alliances, even friendships, sure are the other side of the Ongoing Conflicts coin here. but what i’m getting around to is that taylor gets to be good buds with mafee, a Guy who was working at axe cap already in season 1, who, along with ben kim (Another Guy At Axe Cap in S1, who we are also fans of) is like, one of the actually nice(r) people around there, and who is just like. such this Hapless Cishet Dude lmfaooo but he also happens to be the guy overseeing taylor’s (and presumably others’) internship, and is yknow, maybe kinda conflicted about “i’ve Been an actual employee this whole time and there goes an intern rocketing past me” but is also Supportive towards taylor, and taylor in turn is an Ally to him, and they are Friends, and when taylor starts their own fund, Taylor Mason Capital, mafee is the person from axe cap who helps them do it and leaves axe cap to work for them there. there’s also a part in s4, after an arc in the middle of the season ended up with taylor taking quite an emotional L, mafee has gone and confronted Responsible Parties over it and, naturally, ended up in a charity interfund Boxing Match (which, a] billions is deliberately Wild plenty of times in both its Elevated Dialogue style but also just like, things that happen lol but b] apparently that’s something that can & does happen in real life in hedge fund world. absolutely bizarre to learn this kind of stuff) taylor kinda gives him this pep talk including “asking you to come with me (to TMC, mase cap, their fund) was the best decision i ever made” and even back then, when we’d just started paying attention to the show fairly recently and weren’t exactly familiar with everyone and everything going on, it was like oh i Gotta post that clip lmao

there are many other side characters, this is a very Populated show, including like, recurring characters, people liable to be introduced at various points who might become regulars Or make repeat appearances but more periodically Or be around for part of a season, but naturally also i am mentioning one specific side character of Winston (No Official Last Name), who is a Quant, aka a quantitative rather than fundamental analyst, who first appeared in One Scene at the start of season 3 when taylor was looking to hire some quants for a project, but did not succeed, and the character (then only Quant Kid 2) was only meant to have that one appearance, but delightfully everyone wanted him back and they wrote more material for him asap. taylor later brings him on to their quant project, which is revealed to be part of what ensures they can start their own fund, and in season 4 winston is apparently the head of the quant team at mase cap, and he continues to appear as taylor’s main Quant. could go into a long (and, as he’s not a Main Character and it’s easier to cover his material, very thorough) tangent there lol but you’re asking about taylor and i’m only bringing up winston b/c technically he Is relevant there lmfao but also, i have to, and [tfw this side character quant who was originally only going to appear in one brief scene was the reason you got into this series in the first place and now it’s like well, We’re Here Forever, and also, taylor mason is The character]

natch you must’ve noticed if you’re sending me an ask about billions, but if you like taylor mason you Gotta be following @nothingunrealistic the #1 Tayficianado and who has also recently nobly finished Actually Properly Watching Billions and who can give you all kinds of info about the character / series, there’s A LOT to cover and it’s kinda impossible to convey some stuff w/o simply experiencing things yourself firsthand lmfao but also, we think about these characters and this show every day for like, two years and running, so. as you can see......totally willing to talk about it at any time to any extent lol

[davids69811]

Just How Cryptocurrency Works

In other words, cryptocurrency is digital cash, which is developed in such a way that it is safe and secure as well as anonymous in some circumstances. It is carefully connected with net that makes use of cryptography, which is basically a process where readable details is converted into a code that can not be cracked so as to tack all the transfers and purchases made.  Buy Ethereum Creditcard

Cryptography has a background going back to the The second world war, when there was a need to communicate in one of the most safe way. Since that time, an advancement of the very same has taken place and also it has ended up being digitalized today where various components of computer science and mathematical concept are being made use of for purposes of securing interactions, money as well as details online.

The initial cryptocurrency

The very initial cryptocurrency was introduced in the year 2009 and is still well known throughout the world. Much more cryptocurrencies have given that been presented over the past couple of years and today you can discover many offered online Buy Bitcoin EU.

Just how they function

This type of electronic money utilizes innovation that is decentralized so regarding enable the different customers to make payments that are secure and likewise, to store cash without necessarily making use of a name or perhaps going through a banks. They are generally operated on a blockchain. A blockchain is a public ledger that is distributed openly.

The cryptocurrency devices are normally created using a procedure that is described as mining. This usually involves making use of a computer power. Doing it in this manner resolves the mathematics issues that can be very complicated in the generation of coins. Customers are only permitted to acquire the currencies from the brokers and after that store them in cryptographic pocketbooks where they can invest them with excellent convenience.

Cryptocurrencies and also the application of blockchain innovation are still in the infant phases when thought about in financial terms. Even more uses might emerge in the future as there is no informing what else will be created. The future of negotiating on supplies, bonds as well as various other types of monetary assets might very well be traded utilizing the cryptocurrency and blockchain modern technology in the future EU.

Why use cryptocurrency?

Among the main characteristics of these currencies is the truth that they are secure and that they provide a privacy degree that you may not obtain anywhere else. There is no way in which a transaction can be reversed or forged. This is without a doubt the greatest reason that you must consider utilizing them Acquire Bitcoin EU.

The fees charged on this kind of money are likewise fairly low as well as this makes it an extremely trusted alternative when contrasted to the traditional currency. Given that they are decentralized in nature, they can be accessed by any individual unlike banks where accounts are opened up just by consent.

Cryptocurrency markets are offering a new money kind as well as sometimes the rewards can be fantastic. You might make a really small financial investment just to find that it has mushroomed into something terrific in a really short period of time. Nevertheless, it is still important to note that the market can be unpredictable too, and there are threats that are connected with getting EU.

Why Should You Sell Cryptocurrency?

The modern-day idea of cryptocurrency is coming to be incredibly popular amongst traders. An innovative principle introduced to the world by Satoshi Nakamoto as a side item came to be a hit. Decoding Cryptocurrency we comprehend crypto is something hidden as well as currency is a cash. It is a kind of money utilized in the block chain developed as well as stored. This is done through file encryption techniques in order to regulate the production and also confirmation of the money negotiated. Bit coin was the initial cryptocurrency which began Buy Bitcoin EU.

Cryptocurrency is just a part of the procedure of a digital database running in the virtual globe. The identification of the genuine person right here can not be figured out. Also, there is no centralized authority which regulates the trading of cryptocurrency. This currency amounts difficult gold maintained by people and the value of which is supposed to be getting raised by jumps and bounds. The digital system established by Satoshi is a decentralized one where just the miners deserve to make adjustments by validating the purchases launched. They are the only human touch carriers in the system.

Imitation of the cryptocurrency is not feasible as the whole system is based on tough core math and cryptographic problems. Only those people who can resolving these problems can make modifications to the database which is beside impossible. The deal once verified enters into the data source or the block chain which can not be turned around after that EU.

Cryptocurrency is just electronic money which is created with the assistance of coding method. It is based upon peer-to-peer control system. Allow us now understand just how one can be benefitted by trading in this market.

Can not be reversed or forged: Though lots of people can rebut this that the deals done are irreversible, however the best feature of cryptocurrencies is that once the purchase is confirmed. A brand-new block obtains added to the block chain and then the purchase can not be built. You become the proprietor of that block Purchase Bitcoin EU.

Online purchases: This not only makes it suitable for anyone being in any part of the globe to transact, yet it likewise relieves the speed with which purchase gets processed. As compared to actual time where you need 3rd parties to find right into the photo to get home or gold or take a loan, You only require a computer and a possible purchaser or seller in instance of cryptocurrency. This idea is simple, rapid and full of the leads of ROI.

The fee is reduced per purchase: There is reduced or no cost taken by the miners throughout the purchases as this is dealt with by the network EU.

Ease of access: The principle is so useful that all those people that have access to smartphones and also laptops can access the cryptocurrency market and also trade in it anytime anywhere. This access makes it even more rewarding. As the ROI is good, lots of nations like Kenya has presented the M-Pesa system permitting bit coin device which now allows 1 in every three Kenyans to have a bit coin budget with them Acquire Bitcoin EU.

Exactly How to Trade Cryptocurrencies - The Fundamentals of Buying Digital Currencies

Whether it's the idea of cryptocurrencies itself or diversification of their profile, people from all profession are investing in electronic currencies. If you're brand-new to the idea as well as questioning what's taking place, below are some fundamental principles and considerations for investment in cryptocurrencies EU.

What cryptocurrencies are offered and also just how do I get them?

With a market cap of about $278 billion, Bitcoin is one of the most well-known cryptocurrency. Ethereum is second with a market cap of over $74 billion. Besides these two currencies, there are a variety of various other alternatives too, consisting of Surge ($ 28B), Litecoin ($ 17B) and also MIOTA ($ 13B).

Being initially to market, there are a lot of exchanges for Bitcoin profession all over the world. BitStamp and Coinbase are two widely known US-based exchanges. Bitcoin.de is a well established European exchange. If you want trading other digital money in addition to Bitcoin, after that a crypto marketplace is where you will certainly find all the digital money in one location. Below is a checklist of exchanges according to their 24-hour profession volume Get Bitcoin EU.

What options do I have to store my cash?

Another essential factor to consider is storage space of the coins. One option, certainly, is to keep it on the exchange where you buy them. However, you will certainly have to be careful in picking the exchange. The popularity of digital money has caused numerous brand-new, unknown exchanges turning up anywhere. Make the effort to do your due persistance so you can prevent the scammers.

Another choice you have with cryptocurrencies is that you can keep them yourself. One of the best options for saving your investment is hardware purses. Business like Journal permit you store Bitcoins and also several various other electronic currencies also.

What's the marketplace like and also how can I learn more concerning it?

The cryptocurrency market rises and fall a lot. The volatile nature of the marketplace makes it much more suited for a long-lasting play.

6 Advantages of Buying Cryptocurrencies

The birth of bitcoin in 2009 opened up doors to investment chances in an entirely new sort of possession class - cryptocurrency. Lots got in the space method very early Buy Bitcoin EU.

Fascinated by the enormous capacity of these fledgling but appealing assets, they got cryptos at cheap costs. As a result, the bull run of 2017 saw them become millionaires/ billionaires. Also those that really did not risk much enjoyed decent revenues.

Three years later cryptocurrencies still stay rewarding, and the market is right here to stay. You might already be an investor/trader or perhaps considering attempting your luck. In both instances, it makes good sense to know the benefits of buying cryptocurrencies Purchase Bitcoin EU.

Cryptocurrency Has a Brilliant Future

According to a record entitled Imagine 2030, released by Deutsche Bank, credit report and debit cards will certainly become obsolete. Smart devices and various other digital tools will replace them.

Cryptocurrencies will no more be viewed as outcasts however choices to existing monetary systems. Their benefits, such as security, speed, minimal transaction costs, convenience of storage, and also significance in the electronic period, will be acknowledged.

Concrete governing standards would promote cryptocurrencies, as well as enhance their adoption. The report projections that there will certainly be 200 million cryptocurrency pocketbook users by 2030, as well as nearly 350 million by the year 2035.

Chance to be part of an Expanding Community

WazirX's #IndiaWantsCrypto campaign just recently completed 600 days. It has actually ended up being a massive motion sustaining the adoption of cryptocurrencies and blockchain in India.

Likewise, the recent Supreme Court judgment nullifying RBI's crypto banking restriction from 2018 has actually instilled a brand-new rush of confidence among Indian bitcoin and also cryptocurrency financiers.

The 2020 Edelman Count on Barometer Report additionally mentions individuals' increasing belief in cryptocurrencies and blockchain technology. According to the searchings for, 73% of Indians depend on cryptocurrencies and also blockchain technology. 60% say that the influence of cryptocurrency/blockchain will be positive.

By being a cryptocurrency investor, you stand to be a component of a successful as well as quickly expanding community Buy Bitcoin EU.

Boosted Earnings Potential

Diversification is a necessary financial investment thumb policy. Particularly, throughout these times when most of the possessions have incurred hefty losses due to economic challenges spurred by the COVID-19 pandemic.

While financial investment in bitcoin has actually offered 26% returns from the starting of the year to date, gold has returned 16%. Numerous various other cryptocurrencies have registered three-digit ROI. Securities market as we all recognize have posted depressing efficiencies. Petroleum costs infamously crashed below 0 in the month of April.

Consisting of bitcoin or any kind of various other cryptocurrencies in your portfolio would shield your fund's worth in such unpredictable worldwide market circumstances. This truth was likewise impressed upon by billionaire macro bush fund supervisor Paul Tudor Jones when a month back he revealed plans to purchase Bitcoin.

Cryptocurrency and Taxation Difficulties

Cryptocurrencies have remained in the news recently because tax obligation authorities think they can be used to launder cash and also avert taxes. Also the Supreme Court appointed an Unique Investigating Group on Black Cash advised that trading in such money be discouraged. While China was reported to have actually banned some its biggest Bitcoin trading operators, nations such as the UNITED STATES and Canada have laws in place to restrict supply trade in cryptocurrency.

What is Cryptocurrency?

Cryptocurrency, as the name recommends, utilizes encrypted codes to effect a purchase. These codes are acknowledged by various other computer systems in the user community. As opposed to utilizing fiat money, an on the internet ledger is upgraded by regular accounting entries. The purchaser's account is debited and also the seller's account is attributed with such currency.

Exactly How are Transactions Made on Cryptocurrency?

When a transaction is initiated by one individual, her computer system sends a public cipher or public key that interacts with the personal cipher of the person receiving the currency. If the receiver approves the deal, the initiating computer connects a piece of code onto a block of a number of such encrypted codes that is understood to every user in the network. Special users called 'Miners' can affix the added code to the publicly shared block by solving a cryptographic challenge and earn more cryptocurrency in the process. As soon as a miner verifies a deal, the record in the block can not be altered or erased.

BitCoin, as an example, can be utilized on mobile devices as well to establish purchases. All you need do is let the receiver check a QR code from an app on your mobile phone or bring them in person by using Near Field Communication (NFC). Keep in mind that this is very similar to ordinary on the internet pocketbooks such as PayTM or MobiQuick Acquire Bitcoin EU.

Die-hard customers speak highly of BitCoin for its decentralized nature, international approval, anonymity, permanence of transactions and also data security. Unlike paper currency, no Central Bank controls inflationary pressures on cryptocurrency. Purchase journals are stored in a Peer-to-Peer network. That suggests every computer chips in its computer power as well as copies of databases are stored on every such node in the network. Financial institutions, on the other hand, shop deal data in central repositories which remain in the hands of exclusive individuals worked with by the firm.

How Can Cryptocurrency be used for Money Laundering?

The very reality that there is no control over cryptocurrency purchases by Central Banks or tax obligation authorities indicates that transactions can not constantly be labelled to a certain individual. This suggests that we do not understand whether the transactor has acquired the shop of worth legitimately or not. The transactee's store is likewise suspect as no one can inform what consideration was provided for the currency got.

What does Indian Law State concerning such Virtual Currencies?

Virtual Money or cryptocurrencies are generally seen as items of software program and hence classify as a good under the Sale of Item Act, 1930.

Being an excellent, indirect tax obligations on their sale or purchase as well as GST on the solutions supplied by Miners would certainly apply to them.

There is still quite a bit of complication regarding whether cryptocurrencies stand as money in India as well as the RBI, which has authority over clearing up and settlement systems and also pre-paid negotiable tools, has absolutely not accredited buying and selling by means of this medium of exchange.

Any kind of cryptocurrencies gotten by a local in India would therefore be governed by the Fx Management Act, 1999 as an import of items right into this nation.

India has actually enabled the trading of BitCoins in Unique Exchanges with integrated safeguards for tax evasion or money-laundering tasks as well as enforcement of Know Your Consumer norms. These exchanges consist of Zebpay, Unocoin as well as Coinsecure.

Those investing in BitCoins, as an example, are liable to be charged on dividends received.

Capital gains received because of sale of securities entailing Virtual currencies are also reliant be tired as earnings and also following online filing of IT returns.

[hussainmcneil46-blog]

Electrum Reddcoin Wallet

Reddcoin are simple to shift no matter what device you can be employing. They have absolutely no fees, are safe thanks for you to the security of the blockchain, and they can be eco-friendly because they offer you the likelihood to earn without power consumption. Electrum ReddCoin Pocket, also acknowledged as �lite ReddCoin wallets�, provide some sort of variety associated with benefits over the typical ReddCoin budget. Electrum ReddCoin wallet offload much involving the regular processing the fact that a pocket must do right up to servers that we all manage in the cloud, making them speedier, in a lot of cases more secure, together with much lighter on your own computer to run.. About Electrum Reddcoin Wallet originated back with January something like 20, 2014, in addition to released for the public around Feb of this same calendar year after that raised $22.99, 000 from the company�s Primary Public Coin Offering (IPCO). The crypto at first employed a PoW (Proof associated with Work) method, buy with April 29, 2014, that made this switch in order to PoSV (Proof of Share Velocity) Reddcoin is really a decentralized social cryptocurrency that enables people to instantly mail plus get RDD cryptocurrency bills on social networks together with having to pay financial transaction charges. It is identical to Venmo, Myspace Money, or maybe Snapchats Snapcash, most of which let anyone transfer money to different people via their own individual social media platforms. But not like these major social press networks, Reddcoin does not necessarily need you to apply it is local platform to help send together with receive dollars, permitting you to faultlessly combine its payment attributes on platforms like Reddit, Facebook, Twitter, and many other folks. Also, in add-on to instantly sending plus receiving money in people along with Reddcoin: you can as well give tips to content inventors similar to exactly how you give �likes� or �favorites� to a post. Reddcoin employs a method called Proof-of-Stake-Velocity (PoSV) which is completely different from Bitcoin�s proof-of-work protocol (PoW) which will needs huge amounts associated with energy for it has the exploration operations. Each Reddcoin consumer automatically mints Reddcoins mainly because the staking function is integrated the downloadable open wallet (which you has to own personal before using RDD). So how exactly does Reddcoin Work? Reddcoin hooks up to your respected social media networks and lets this sender carry out instant, absolutely no fee RDD payments to any individual that will he / she chooses to be able to socialize on the network. Just click the �tip� button plus the micropayment is sent to someone you desire to receive it. Reddcoin employs PoSV, which was formerly created by the particular Reddcoin developers to exchange its former PoW protocol. Electrum Reddcoin Wallet is definitely, in essence, a new strategy for Proof-of-Stake (PoS) of which address the requirements of the social currency to boost �both ownership (stake) plus activity (velocity)�. The crew stated the fact that adjustments to be able to the PoS �were required to promote more productive network participation. � The main difference between the two is usually that while PoS has linear gold coin aging method, PoSV�s or maybe aging provides non-linear. Lieu age will be resulted by simply multiplying the particular number of coins by their age i. e. time that passed since their very own last transaction. This suggests that contributions to the particular network can be produced without requiring any pc electricity. PoSV rewards customers that have more active wallets plus transact more compared to those that own wallets that are left heavy. Electrum Reddcoin Wallet -of-Stake offers benefits every pocket book equally as their very own coin age group grows. ReddCoin�s PoSV will be an ideal technique which can be implemented efficiently for marketing. People that transact a lot more typically by using their own wallets and handbags are entitled to get more incentives. How Do You Make ReddCoins? One other notable distinction involving ReddCoin as well as the other cryptocurrencies is that the money are not generated by means of mining but through minting. To be able to mint ReddCoin a person just have to visit our website and a wallet that features RDD coin in the idea. Typically the minting process initiates any time a wallet is in service and even online. ReddCoin minting eradicates the coin gold mining charges, increases the gold mining speed plus the need for expensive mining hardware. RDD Coin Supply If RDD transited from PoW in order to PoSV on September one, 2014, there were almost 27 billion RDD. During the time of writing, ReddCoin has the going around supply of 36, 808, 713, 174 RDD. Minting creates an inflation of up to 5% inflation per 12 months, even though the maximum supply of RDD doesn�t occur. RDD Value Investigation Up until December 2017, Reddcoin remained reasonably flat using very reduced values. On The month of january 7th, it increased to help its all-time high value involving $0. 03 cents, next like the rest associated with the crypto market, it plunged. On some time connected with writing, RDD is usually listed in $0. 004680 CHF. Where Can You Retailer Reddcoin? The Reddcoin backed wallet can be downloaded from the formal Reddcoin web page, or RDD money can be stored for the Coinomi mobile wallet. Conclusion Reddcoin is a piece using an ambiguous purpose, like it would seem a new tad odd to provide tips intended for social advertising content if we could just present appreciation by way of �liking� once we did up until these days. Nevertheless this tactic has been recently successful for that Steemit sociable media platform, as it put in place a comparable have, which usually pays rewards nearly all people around STEEM tokens for producing plus curating content, so is considered quite likely for typically the trend to find usage amid a larger target audience.

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Electrum Reddcoin Wallet

Reddcoin are easy to exchange no make any difference what device you can be using. They have zero fees, secure thanks to the security of our blockchain, and they will be eco-friendly because they give you the chance to gain without power consumption. Electrum ReddCoin Finances, also identified as �lite ReddCoin wallets�, provide some sort of variety regarding benefits over the normal ReddCoin pocket book. Electrum ReddCoin wallet offload much connected with the typical processing the fact that a finances must do upward to servers that all of us run in the fog up, making them faster, around several cases more secure, plus much lighter on your computer to work.. About Electrum Reddcoin Wallet originated back with January something like 20, 2014, and even released on the public around March of this same year after that raised hundred buck, 000 through the company�s Preliminary Public Tableau Offering (IPCO). The crypto in the beginning employed a PoW (Proof associated with Work) process, buy about April 28, 2014, the idea made this switch to be able to PoSV (Proof of Risk Velocity) Reddcoin is really a decentralized social cryptocurrency that enables end users to instantly give and receive RDD cryptocurrency installments on social networks with acquiring to pay financial transaction charges. It is related to Venmo, Twitter Funds, as well as Snapchats Snapcash, all of of which let you transfer finances to some other people via their own own social media platforms. Yet not like these major interpersonal mass media networks, Reddcoin does not necessarily require you to make use of its indigenous platform in order to send out plus receive dollars, letting you to seamlessly incorporate its payment capabilities on platforms like Reddit, Facebook, Twitter, and numerous other individuals. Also, in Electrum Reddcoin Wallet to instantly giving and even obtaining money in order to together with Reddcoin: you can also give tips to information creators similar to exactly how you give �likes� as well as �favorites� to a posting. Reddcoin employs a process called Proof-of-Stake-Velocity (PoSV) which can be completely different from Bitcoin�s proof-of-work protocol (PoW) which often needs huge amounts regarding energy for its mining operations. Each Reddcoin end user automatically mints Reddcoins mainly because the staking function is integrated the downloadable official wallet (which you must possess before using RDD). So how does Reddcoin Work? Reddcoin connects to your particular social advertising networks and even lets the sender execute instant, zero fee RDD payments to any individual that he / she chooses to be able to have interaction on the network. Just click the �tip� key and the micropayment is directed to the person you desire to receive it. Reddcoin employs PoSV, which has been formerly created by often the Reddcoin coders to substitute its past PoW protocol. PoSV will be, in essence, a new technique with regard to Proof-of-Stake (PoS) that details the requirements of it has the social currency to boost �both ownership (stake) together with task (velocity)�. The staff stated of which adjustments to the PoS �were required to promote more productive network participation. � The main difference between the two is that when PoS comes with linear lieu aging program, PoSV�s tableau aging has non-linear. Gold coin age is usually resulted by multiplying the number of coins by their age i. e. time that passed since their own last transaction. This means that input to the network can be designed without requiring any computer energy. PoSV rewards customers who have more active purses and even transact more in comparison with those that personal wallets and handbags that are left foul. The regular Proof-of-Stake presents rewards every finances both equally as their particular coin get older grows. ReddCoin�s PoSV is usually an ideal system which might be implemented efficiently for networking. People that transact more generally by using his or her billfolds have entitlement to obtain a lot more incentives. How can you Make ReddCoins? A further noteworthy distinction concerning ReddCoin as well as the other cryptocurrencies is that the gold and silver coins are not generated by way of mining but through minting. To be able to mint ReddCoin you just have to open a wallet that possesses RDD coin in the idea. The minting process triggers every time a wallet is dynamic and online. ReddCoin minting eliminates the coin exploration charges, increases the gold mining speed as well as the need to get expensive mining hardware. RDD Coin Supply Whenever RDD transited from PoW to be able to PoSV on August one, 2014, there were almost 27 billion RDD. In the time writing, ReddCoin has a good distributing supply of twenty-eight, 808, 713, 174 RDD. Minting builds a great inflation of up to 5% inflation per calendar year, while maximum supply of RDD does not necessarily are present. RDD Value Investigation Up until December 2017, Reddcoin remained comparatively flat with very very low values. On Electrum Reddcoin Wallet is shown 7th, it increased to be able to the all-time high value regarding $0. 03 cents, subsequently like the rest involving the crypto market, this plunged. With enough time connected with writing, RDD is definitely cost from $0. 004680 UNITED STATES DOLLAR. Where Can You Retail outlet Reddcoin? The Reddcoin supported budget can be downloaded from the formal Reddcoin website, or RDD coins can be stored around the Coinomi mobile wallet. Final result Reddcoin is a piece with the ambiguous purpose, like it seems a tad odd to present tips to get social media content any time we could just show appreciation by simply �liking� like we did up until at this point. Nevertheless this strategy has been successful for that Steemit interpersonal media platform, mainly because it put in place a similar attribute, which in turn pays rewards people within STEEM tokens for creating plus curating content, hence it is quite likely for the style to find re-homing amid an increased viewers.

[engineerload207]

Robinhood App

Robinhood App Windows 10

Robinhood App Stock

Robinhood App Download

Robinhood App Windows 10

Excellent, but improvement idea First off, using the app now for years and loving it. Excellent idea also to add option trading and crypto. I very much enjoy the margin account under Gold (well done and conditions are fair) and I see how Robinhood is constantly improving it. What is Robinhood? Robinhood is a broker-dealer app that allows users to trade stocks, options, and ETFs with zero commission fees. You can also buy and sell cryptocurrencies on Robinhood App. Robinhood allows users to trade cryptos like Bitcoin, Ethereum and Litecoin. Robinhood has commission-free investing, and tools to help shape your financial future. Sign up and get your first stock free. Limitations and fees may apply.

We all have to start somewhere as a beginner stock trader, but we want to make sure you understand how to use the Robinhood App for beginners, and to start buying and selling stocks. The stock market can be confusing for a beginner and even more so when you are dealing with options trading, cryptocurrency trading, a mutual fund or trading fractional shares.

Robinhoodoffers free trades and no minimums and is easily the best brokerage for beginner investors and one of the main reasons we think its the best investing app for first time investors. Robinhood allows you to trade real time at market price.

Is Robinhood a bank? Like other cash management products, Robinhood Cash Management is not a bank account, despite its features being similar to those of a checking or savings account. While having similar features of a savings account, the Robinhood Checking & Savings is not insured by the Federal Deposit Insurance Corp. (FDIC) Instead, the service is backed by the Securities Investor Protection Corporation (SIPC). Robinhood InstantAccess is available when you confirm your transactions for bank transfers through the mobile app.

While most trading platforms make money on every trade you make, Robinhood makes money from its premium subscription service. Robinhood Gold subscription costs $5 per month and includes more than margin trading capabilities. Additional research tools are also provided in the fee.

Robinhood App Windows 10

Robinhood Review

Robinhood‘s story begins practically a decade ago at Stanford, where Baiju and Vlad fulfilled as roommates and classmates. After graduation they loaded their bags for New York and developed a financing business, selling trading software to hedge funds. 93 spo2. With their newfound experience they understood that huge Wall Street companies pay absolutely nothing to trade stocks, while most Americans were charged commission for every trade. They soon decided it was more crucial to build products that would offer everyone with access to the monetary markets, not simply the wealthy. Two years after heading to New York City, they moved back to California and developed Robinhood– a business that leverages technology to motivate everybody to participate in investing in stocks.

And it’s a model that’s working for people. A little over four years after launch, the company has a $5.6 billion valuation four times more than its 2017 valuation of $1.3 billion.

The app very first released in December 2014 and rapidly became a favorite among more youthful people looking to invest. It enables users the flexibility to finish a transaction without paying a processing charge, and ended up being the very first financing app to win an Apple Style Award thanks to its simple-but-stylish design.

In other words: It makes stock trading cheap, user-friendly, and mobile, which is apparently precisely what young investors were looking for. It began as invite-only, and by the time it opened to the general public in March 2015, the waiting list rose above 700,000 according to Fortune. By November of that year, TechCrunch reported that it had facilitated over $1 billion in transactions.

Robinhood App Setup?

The process from downloading, installing and setting up your account shouldn’t take more than four or five minutes. It will take you a few days before you will be able to trade as there are verification processes before you can fund your account and start trading on the Robinhood App.

Download and Installing

Robinhood has created an app for just about every mobile deviceplatform. The majority of users have Android or Apple iPhones and the app can found in Google Play or the Apple App Store. Click the button below to create your account, download the app and get a FREE stock from Robinhood

Creating Account

After you sign up with email, it asks you to create a password (at least 10 characters), and then you have to share some personal information: your legal name, email address, phone number, date of birth, residential address (U.S. law apparently requires that brokerages collect this information), citizenship, and social security number.

It also asks you how much investment experience you have. I selected None. Then a few more questions about your employer and ties to companies or brokerages, review, and submit.

After you are finished creating your Robinhood Account, the next step will be to start the process of funding the account.

Funding RobinhoodAccounts

To start trading with Robinhood, you must first link your bank account. Robinhood uses Plaid to link your bank which means your transactions are secure, transfer of your information is encrypted end-to-end and they also keep your information private, meaning that your credentials will never be made accessible to Robinhood.

Linking Your Bank

In the United States you will find that just about every major bank is listed and can be added by clicking the name of the bank. If your bank isn’t listed, don’t’ worry, there is an option for you as well by clicking “Don’t see your bank? Search instead” at the bottom of the screen. I found my bank by doing a quick search but if yours is not there, click on “Link Manually”, choose Checking or Savings, enter your routing number and account numbers and click the checkmarks to complete.

Funding your Robinhood account can take a few days because a couple of deposits will be made to your bank in 2-5 business days and you will have to verify the deposit amounts in order to start adding funds to your account. After completing the deposit verifications, you will have instant access to deposits and begin stock trading.

Transferring Funds

Once verified you will be able to click the person icon in the options at the bottom of your app and choose “Transfers”. You can fund your Robinhood account by clicking “Transfer to Robinhood” for a one time transfer. You will be taken to a screen that allows you to enter the amount you would like to transfer from your bank to your Robinhood account and click the checkmark.

You can also schedule regular automatic deposits into your brokerage account. Options for automatic deposits include weekly, twice a month, monthly and quarterly.

Robinhood Instant Transfer Limits

Instant Deposit Limit – Your instant access limit is determined based on whether you are a Robinhood Gold member and on your current account value. For example, I subscribe to Robinhood Gold (more details on Robinhood Gold Subscription below) and my current instant deposit limit is $5,000 Total Pending Deposits – The amount of money still on its way from your bank. It takes 3-5 days to transfer money from your bank after you initiate your deposits. Make sure to maintain this balance in your bank account until the transfer is complete.

Instant Deposits – The amount of money available for you to invest instantly while your money is still on its way from the bank. You can always click on the account settings and view your “Buying Power”. Buying Power is the amount of funds you can currently invest into stocks and cryptocurrencies at the current moment.

Beginners Guide to Trading Stocks

There are ton of different investment options on Robinhoodmobile app and we will do our best to keep it from being overwhelming and answer all the important questions that a new investor might have. Tip: Options trading and margins can get you in a lot of trouble if you don’t know what you are doing. Until you become more educated on options trading, it is suggested to not activate that options.

Investment Types

Investors commonly invest in stocks but there are other options for investing. Robinhood also offers the ability to invest in cryptocurrencies and ETFs. Onenote for outlook. Crypto is considered riskier but the most popular coins are available at the time of writing this article and include Bitcoin, Ethereum and Litecoin. If you just aren’t sure about choosing a company’s stock to purchase but you like a certain industry, then consider ETFs. Recently I made an investment into an Electric Vehicle ETF because I do think there is a great future for these stocks but it can be less risky than choosing an individual stock. Robinhood also offers options and margin trading but seeing as this is an article for beginners, more knowledge and experience is needed before considering these types of investments.

Finding and Researching Stocks

Many people choose to invest in companies and industries they’re passionate about and believe will be successful in the long-term. The reason is that when you invest in a company, you own a piece of that company. The value of your investment will depend on how that company is doing. If the company is doing well, your piece of that company becomes worth more.

Step 1 : Find a Company Think about different products and brands you can’t live without:

What products did you use today?

What stores do you visit regularly?

Talk to friends and family:

What industries do they work in?

What do they invest in and why?

Think about causes that are important to you:

Are there companies or industries that support these causes?

Stay up to date on the news:

What companies and industries are doing well?

Step 2: Do Your Research If there’s a specific company you want to invest in, you may want to learn more about:

Robinhood App Stock

Their annual profits and losses

Consumer demand for their product or service

Their executive team

You can do some of this research on Robinhood by scrolling down on a company’s page. If what you learn gives you confidence in a company’s long-term performance, you may consider investing in it.

If there’s a specific industry that you feel has significant growth potential or room for innovation, you may consider investing in a fund. Funds (ETFs) are a great way to invest in an industry or group of companies at once. https://engineerload207.tumblr.com/post/654169397384134656/evernote-tools.

Buying Stocks

Buying stocks on Robinhood is much simpler than you might expect. There is only one thing you should probably know before you start trading stocks. As a beginner you are going to focus on two different types of buys called “Market Order” and “Limit Order”. A market order will set a buy the stock at the current asking price (price a seller is willing to sell at). A limit order will allow you to set a price at which you want to buy the stock. I prefer to use limit orders because I can determine a price I want to pay, but there are occasions when my order doesn’t fill because the stock price doesn’t hit my target.

Steps to buying stocks using the Robinhood App on IOS and Android Devices

Navigate to the stock’s Detail page.

Tap Trade.

Tap Buy.

Tap Order Types in the upper right order.

Select your preferred order type.

Confirm your order.

Swipe up to submit your order.

Selling Stocks

Everyone wants to buy at the bottom and sell at the top but that rarely ever happens. I can’t give you financial advice but I can tell you my strategy for determining when to sell my stocks. I set prices in my mind of where I am willing to sell my investments. My goal is to be able to pull my original investment out and hold the remaining shares for a long term.

An example would be that I buy 100 shares at $10 per share with a total of $1,000 investment. If my goal is to sell at $20.00 then I would sell 50 shares at $20.00 to recoup my investment and keep the remaining 50 shares long term.

Steps to selling stocks using the Robinhood App on IOS and Android Devices

Navigate to the stock’s Detail page.

Tap Trade.

Tap Sell.

Tap Order Types in the upper right order.

Select your preferred order type.

Confirm your order.

Swipe up to submit your order

Dividends

A dividend is the distribution of some of a company’s earnings to a class of its shareholders, as determined by the company’s board of directors. Common shareholders of dividend-paying companies are typically eligible as long as they own the stock before the ex-dividend date. Dividends may be paid out as cash or in the form of additional stock.

Dividend-Paying Companies

Larger, more established companies with more predictable profits are often the best dividend payers. These companies tend to issue regular dividends because they seek to maximize shareholder wealth in ways aside from normal growth. Companies in the following industry sectors are observed to be maintaining a regular record of dividend payments:

Basic materials

Oil and gas

Banks and financial

Healthcare and pharmaceuticals

Utilities

Collecting and Investing Dividends

Robinhood App Download

Robinhood processes your dividends automatically. Cash dividends will be credited as cash to your account by default. If you have Dividend Reinvestment enabled, you can choose to automatically reinvest the cash from dividend payments back into individual stocks or ETFs.

You can view your received and scheduled dividends in your mobile app:

Tap the Account icon in the bottom right corner.

Tap Statements & History.

Tap Show More.

Tap Dividends on the top of the screen.

Robinhood App Windows 10

Get Started Trading on Robinhood App

Now that you have some great knowledge on trading stocks on Robinhood, you shouldn’t feel like a beginner any longer. We would love to hear about the your experience on Robinhood and what your favorite stocks are.

One Last Tip: Continue to research and educate yourself on stock trading and investments!

High-yield savings: In December 2019, Robinhood started offering a cash management account that currently pays 0.30%. The account comes with a debit card and free ATM withdrawals from more than 75,000 ATMs, and offers up to $1.25 million of FDIC insurance thanks to Robinhood’s agreements with several banks. (nerdwallet.com)

Access is rolling out on a state-by-state basis. Currently, about 50% of the U.S. population can use Robinhood Crypto. (investorjunkie.com)

Gold starts $5 per month for up to $1,000 margin. Anything over $1,000 is charged 5% interest. (investorjunkie.com)

They key is to realize that the patterns are higher probabilitytrading setups – they might work 70% of the time. But they will never work 100% of the time. (fitnancials.com)

Robinhood is a free, US-based stock trading app that allows 100% commission-free stock, options, cryptocurrency and ETF trades. This guide will teach you everything you need to know about Robinhood so you can trade effectively. (tradingstrategyguides.com)

[unabashedtastemakersublime]

Which Types of Gaming Are Appropriate in Louisiana?

A mother had finished putting on a costume her 2 daughters for school by 5 in the morning. After this, she'll head for the casino for an amount of some gaming activity.Does it sound like a too ludicrous to be real situation? Think againToday, gaming seems like a daily task that folks neglect too easily. But, they cannot understand the potential damage being triggered with their lives because of gambling.Usually, gaming also known as betting is a form of sport that involves valuables and money being set at risk. All the valuables or money are at a risk while the chances of wining is really reduced or is completely influenced by chance. But, you are able to generally use some sort of evil ways to gain, but nevertheless you are able to never be entirely certain of winning the game.

Gaming are of numerous types: 1 of the types is beatable while one other is unbeatable.The games that may quickly be trampled ergo creating a exact good likelihood through utilization of strategy are named as beatable games. A few of them are poker, even though it may be labeled as sport requiring skill; Pai Gow poker, Tiles, video poker, slot products, horse race, activities bets.

If none of the strategies in the overall game assists the gamer to gain the overall game, then it becomes an irresistible game. Some typically common instances on these types are baccarat, roulette, keno, slot products, craps, casino war, pachinko, faro, 3card poker, 4 card poker, chart poker, red dog, Spanish 21, Caribbean stud poker.

Equally unbeatable gaming and beatable gaming can be found at the casinos. You will find however a lot more gaming games that aren't being performed in the casinos like mahjong, backgammon, lottery, coin tossing games like head and end, a couple of carnival games such as for instance Hanky Pank and The Razzle.Another kind of gaming sport is the fixed chances gaming which can be noticed in activities such as for instance football, hors race, golf, baseball, golf and many other activities that attract thousands of individuals on betting on the winning team.

Still exactly the same, they are all several types of gaming which does not have the opportunity of having constant wins.In gaming, individuals usually decide to try to have back what and all they missing through the length of the game. Some people continue steadily to enjoy the overall game having a opinion which they shouldn't slice the indifference of their luck. Using this method, they keep betting and find yourself putting themselves at a risk of having a loss rather than a gain.

Many people who enjoy gaming state which they enjoy simply for joy and for a recreation. Numerous others state which they enjoy it to make some money and gaming is a very easy way to do make money.Since gaming involves plenty of forms of mental task, along side strain and mindset of success, it is probable to become addicted to the game. In the future, it may affect the one who is involved in the sport of gambling.

With all these psychedelic effects because of gaming, some individuals also take part in betting whether a statement is fake or correct, or whether an event will take place at a certain time with yet another person. That happens usually on situations wherever 2 persons question against one another with powerful views against each other. Typically, The two persons place bets for cash and for enjoyment only to create their stage on a particular issue.

Because of the poor ramifications of gaming, several appropriate jurisdictions choose to not legalize the gaming activities. Because of this, all contracts which have resulted in debts due to any gaming task are taken as unenforceable by law.This is the main reason gaming is a dangerous activity. Individuals who risk only don't understand the damage of gaming to them.As told, never set excellent money soon after poor money. If by any chance you're involved in gaming, end straight away to serious any loss on your side.

If you are person who feels gaming is a new task that blossomed in Las Vegas in the 20th century, you might need to brush on your gaming facts. To obtain advisable of how big the gaming history is, decide to try heading back a couple of thousand years. You'll see that games predicated on chance and the throw of chop have now been been an integral part of human history.

Not just did the Chinese and other populations appreciate gaming and games of chance, several Indigenous National teams engaged such actions well before the current casino. Put to the the varieties of gaming moved all over the world by European explorers and you have a worldwide phenomenon of concern and excitement. Here is a beginning truth - lotteries have also been used to raise funds for public construction projects.

o In the event that you see 100 persons on the road per day, it's a pretty safe bet that about 65 of these have located a bet or made a wager in the past year.o By several matters, gains in gaming casinos global amount to $30 billion annually. Various studies report that Indigenous National concerns host almost 300 casinos.History of gaming details: Their state of Nevada legalized gaming in 1931. New Hat was the 2nd state to create gaming appropriate (1976). South Dakota and Iowa used in 1989.o While casinos have run in Nevada since the 1940s, the state made its Gambling Commission in 1959.

One fable that seems reluctant to die is that on line gaming is not fair to participants, due to casino get a handle on, less-than-random figures and therefore on. Essentially, this is false. Safe-gaming software, eCommerce On line Regulation and Confidence (eCOGRA) and different licensing nations have eliminated much of the insecurity and unjust play. The fable may soon become one of many Web gaming facts.o Casino fashion games are by far typically the most popular task on line, outnumbering activities betting 2 to 1. Lotteries and pari-mutuel betting are far down the number in percentage of on line gaming task, as are real-time on line poker rooms.o The Interstate Cable Behave, passed in 1961, is a federal legislation that had the goal of reducing gaming activity. Regulations states that it is illegal in the United Claims to make use of line transmission (such as telephone) to position bets or reveal gaming information บาคาร่า.

Exciting Gaming Details: Sixty % of on line gamblers use British as their principal language. Second in line is Russian. Germany occupies place number three, in accordance with a survey by Inland Amusement Corporation. As for era, the figures are shut, but these between 26 and 34 enjoy much more than others. One out of every five participants has ended age 45.o Along with on line casinos, a number of typically the most popular varieties of Web/Internet gaming are lotteries, activities publications (wager on football, rugby, baseball etc.).

[olgagarmash]

Why are Americans obsessed with fitness? The answer: Neoliberalism – Salon

Before the coronavirus pandemic, the United States was the world’s largest fitness market with an estimated industry revenue of $96 billion in 2019. From spin to HIIT classes to pilates to hot yoga to commercial gyms, over the last 50 years America’s obsession with working out has only grown. Author and historian Jürgen Martschukat calls time on the so-called “Age of Fitness,” which he examines in depth in his new book, “The Age of Fitness: How the Body Came to Symbolize Success and Achievement.”

What’s especially peculiar about the West’s fitness-mania is that it isn’t tied to organized sport, nor to winning a medal, but rather the goal of “achieving a fit body.” That goal has become a mechanism to perpetuate privilege, Martschukat writes. “This body, in turn, stands for an array of partially overlapping forces, abilities and ideals, which point far beyond the doing of the sport,” he says. “These encompass one’s health and performance in everyday life and at work, productivity and the ability to cope with challenging situations, potency, a slim figure, and a pleasing appearance according to the prevalent standards of beauty.”

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In other words, Martschukat argues that modern humans don’t just work out to stay healthy, but instead they do it to achieve a body image standard set by society that isn’t merely about beauty, but also a representation of how we function in our lives. This, he says, is a repercussion of life in a hyper-individualistic, neoliberal society.

“The last half-century may be considered the age of fitness, and it is no accident that it coincides with the age of neoliberalism,” Martschukat writes. “Rather than a generalizing call to arms, here neoliberalism denotes an epoch that has modeled itself on the market, interprets every situation as a competitive struggle and enjoins people to make productive use of their freedom.”

If you’ve ever been curious to think more critically about our culture’s obsession with fitness and how it’s tied to today’s dominant ideology in public policy, this book is for you. I spoke with Martschukat by phone recently to learn more; as always, this interview has been edited and condensed for clarity. 

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Let’s start with why you wrote this book. What sparked your interest in the subject and looking at it through the lens that you did, which was examining the correlation between fitness and neoliberalism?

I have been, what you might call, a “historian of the body” for quite some time. So I’m interested in how bodies have changed in history, how the meaning has changed and also how the body practices have changed over the years, decades, and centuries. And so I’ve done some research on sports history before I embarked on this project and other kinds of projects related to the body. And then what has become more important for me in recent, let’s say, in the last 10 years or so, is writing the history of the present.

This means that I’m interested in understanding phenomena in our present by exploring their past. And when you walk around with open eyes and follow the news, it’s quite easy to see that we’ve quite obviously encountered a certain fitness hype. One one hand, you see all the shaped bodies and people working out, and then there is something that has been deemed the “obesity crisis.”

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At first glance, it might seem like it is two opposite forces, but when you look more closely, you see it’s more like two sides of the same coin. Our society and culture are arranged around the idea of a successful self, with the body taken as its indicator. That’s what kind of sparked my interest.

Your book made me rethink why I work out and how I’m contributing to something bigger. And it’s really interesting. I’m wondering if you can just briefly explain to our readers what role fitness plays in neoliberalism?

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Well it’s no coincidence that the “Age of Neoliberalism” and the “Age of Fitness” overlap. In the last half-century we have lived in a society and culture that organizes itself very much through the idea of the market and through market practices, and our society and culture praises autonomy and self-government very much and maybe more than ever before in history. Of course the market and the idea of self-government have not been invented in the 1970s or 1980s, but their power has definitely increased. In this context, our body has become something that we might call a “bio-share,” that we try to sell on the market; or, that is taken as representing our abilities on the market.

I’ve had the pleasure of working with colleagues from sociology who do stigma research. And stigma research very much tells us that fat people are heavily discriminated against based on their body shape; for instance on the job market or also in the education system from early age on. What I am interested in is how fitness produces privilege, because it is considered as an expression of our ability to have control over our life, to act autonomously, to achieve things, and to succeed in this market-driven society and culture that we live in.

I love that term bio-share, that’s such an interesting way to think about it. In the book you keep coming back to this idea that fitness in our society right now is grounded in the principle of working on oneself, and like you said, you’re interested in how fitness produces privilege. I definitely think that in America, and I’m sure in Germany too, Americans have become obsessed with this idea of self-care and wellness. It’s kind of like an extension of the fitness craze. Would you agree with that?

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Well, as you just said, one thing I’m really interested in is how fitness benefits some people more than others. Fitness is what I call a “regulatory ideal,” meaning that fitness has an impact on who is recognized as a productive member of society and to what extent. Thus, the idea that we are all endowed with the right to pursue happiness, which I like to rephrase as “the pursuit of fitness,” this idea puts a lot of pressure on many people, if not even on all of us, because the right to the pursuit of happiness is not only a promise and an opportunity, but also an obligation.

It’s the obligation that comes along with freedom and that’s the obligation to make the best of our lives. What we are told is that we can all achieve success and happiness, even though we are not so sure what that might be. Even back in the days, in the age of the Founding Fathers, happiness was very often interpreted as economic success and owning property.

We are told that we can achieve happiness and success in life if we only work hard enough. We all know that working hard helps in many cases, but we also all know that this is not true because some people work really hard all their lives and, nevertheless, success and happiness do not come to them, or at least not to the extent that they expect it to be. Therefore, fitness and the idea that we are responsible for our bodies, our success and happiness in life, creates a lot of disappointment and frustration that comes along with this system.

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So if fitness trends in the Western societies are often a reaction to the market and economic situation, how can we break free of that pattern?

Breaking free of that pattern, I think, is really a tough challenge because this culture of fitness is so tightly interwoven with the basic principles of our society. One way of breaking free might be to move away from the idea that competition and the market are the most efficient ways to organize a society to the benefit of all. Instead, maybe more solidarity and mutual support would be beneficial to all of us. When it comes to the practice of exercise and fitness itself, approaching fitness in a less competitive manner would then again foreground the pleasure that comes along with it, the pleasure of movement, of experiencing and feeling a working and moving body, of breathing cold air on a nice morning. All the joy that comes along with practices of fitness. If we succeed in practicing fitness separate from this highly-competitive edge, hopefully the beauty and pleasure of fitness move to the foreground.

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I think there’s a lot of joy that’s been lost in fitness now.

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And that’s what I also try to stress in my book: it brings a lot of joy and pleasure. I think that’s something that we should not forget.

I thought it was fascinating how you talked a little about how the hyper-focus on fitness lost its appeal in the New Deal era with the rise of work programs. There was a cultural shift from improving the individual to improving the collective. Can you explain the reason behind that shift in more depth?

Well, the Great Depression of the 1930s was a crisis of massive proportion, economic, political, cultural, and also psychological. Up to this point in history, the predominant socio-political philosophy was very much centered on individual responsibility and what was called “rugged individualism.” However, the Great Depression showed that we all depend upon forces that are beyond our control. This led to a change in politics and also modifications in the philosophy of society, from individualism to more solidarity and to collective responsibility for the wellbeing of each and every person.

I do not want to idealize the New Deal policy here. There were many injustices and imbalances involved, but in general, that’s a transformation that came along with the crisis of the 1930s and that affected the body politics of the 1930s. On one hand, strong and powerful bodies were still idealized in the 1930s. If you look, for instance, at 1930s photos depicting one of the major New Deal programs, which was called Civilian Conservation Corps, they endlessly show images of strong young, mostly male, white bodies who do hard work on nature. But, on the other hand and contrary to the notion of “rugged individualism,” there was always this collectivist tone to it, which is the powerful subtext of the imagery and of the cultural and photographic icons of those days. And that’s very different from the fitness and body hype that we experienced earlier around the turn of the century from the 19th to the 20th century, and also very different from today.

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Do you think that fitness has been weaponized by capitalism?

I don’t know if we should say weaponized. Weaponized sounds to me like it is kind of used by capitalism and employed in order to achieve a certain goal. I would argue that fitness is embedded in capitalism and incorporates the logic of competition and an individualized understanding of success. There is no capitalism that uses a tool called fitness, but fitness, so to speak, is and embodies capitalism and competition. Fitness is part of this notion of a society that organizes itself based on competition, exercise, achievement, and so on.

And corporate fitness, as you discuss in your book.

Yes, of course. Understanding fitness and capitalism as intertwined does not mean that people or corporations are not aware of the power of fitness and of the value of fitness. It does not mean that the fitness craze cannot be exploited. There is corporate fitness on one hand, thus companies trying to nudge their employees to work out and keep fit, and then there is of course the fitness market, which has gained massive proportions since the 1970s.

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Where do you think we are right now in history? I mean, I know you can’t predict the future, but where do you think we’re headed in this Age of Fitness?

On one hand, the pandemic underlines that we live in the age of fitness. I don’t know how it is in California, but over here on the streets right now, we see more people than ever before walking, hiking, jogging, and bike riding. After all, gyms are closed right now, but gyms are also very creative. They create outdoor training areas to compensate for the financial losses and to satisfy customers’ demands. Quite obviously, many people feel a strong urge to stay in shape during the pandemic. This is, by the way, underlined by the booming exercise bike market. I recently read that American President Joe Biden takes his Peloton Bike to wherever he goes, which might help them to sell even more of them.

At the same time, according to all we can tell about the pandemic and how it affects different societies across the globe, it indicates that responding to a crisis of this proportion requires a somehow coordinated strategy. Or to put it differently, the pandemic shows that it affects people differently and that we cannot handle every problem by ourselves, or at least not everyone can, and that rugged individualism, autonomy and competition is obviously no adequate response to a crisis of this proportion. What we might be seeing now is the dawn of a new politics of solidarity. Who knows, but let’s keep our fingers crossed.

Jürgen Martschukat’s book, “The Age of Fitness: How the Body Came to Symbolize Success and Achievement,” was released on March 22 from Polity.

source https://wealthch.com/why-are-americans-obsessed-with-fitness-the-answer-neoliberalism-salon/

[cryptocoingrowth]

BTC Could Hit $10K, ‘Stay Away from North Korea,’ Akon City: Hodler’s Digest, Jan. 13–19

Hodler’s Digest Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.

Top Stories This Week

Bitcoin ready to push above key resistance to hit $10,000The world’s biggest cryptocurrency has started 2020 fighting. For a time on Friday, Bitcoin hit $9,000 — with analysts claiming there are multiple signs that a “bullish transformation” is underway. This weekend also saw the BTC network’s mean hash rate hit new all-time highs, meaning it’s never been harder to mine new coins. Although BTC fell from highs of almost $9,200 on Sunday to hover at about $8,600, analysts believe it is ready to push above the resistance to hit $10,000. Even despite the latest turbulence, which saw prices drop $500 in five minutes, BTC is up 20% year to date — and by more than 5% over the past week. The strong performance will leave crypto skeptics such as Peter Schiff red-faced. Back in November, the gold bug had predicted BTC would imminently drop to $1,000.Research: Binance and Huobi received over 52% of total $2.8 billion illicit BTC in 2019Sticking with the Bitcoin theme, let’s look at some worrying new research that suggests just two exchanges — Binance and Huobi — together received 52% of illicit Bitcoin transfers worth $2.8 billion in 2019. According to Chainalysis, the crypto was moved from 300,000 individual accounts associated with criminal activity — and 75% of the illicit BTC was sent to just 810 accounts. Researchers believe that some over-the-counter brokers may be specializing in providing money laundering services to criminals and taking advantage of loose Know Your Customer requirements. Huobi did not respond to the claims, but Binance said it was committed to tackling financial crime in crypto and continually improving its Anti-Money Laundering measures.United Nations: Stay away from North Korean crypto conferenceThe public is being warned not to attend North Korea’s upcoming cryptocurrency conference, with experts warning it could violate sanctions. Reports suggest that the event, due to take place in February, will include discussions focused on how crypto can be used to evade sanctions and launder money. One British government spokesman said attendance would effectively support the isolated state’s use of this technology and “unavoidably increase” their ability to generate revenue for prohibited weapons programs. Earlier this month, Ethereum Foundation researcher Virgil Griffith was charged with conspiracy to violate the International Emergency Economic Powers Act, amid allegations he attended last year’s conference.New analysis finds Mondays are best days to buy BitcoinMondays are enough to fill many of us with dread, but there might be a bright spot. Research shows that Mondays actually offer the best average daily return for Bitcoin at 0.54%, while Wednesdays attract a loss of about 0.23%. This is based on analysis of the cryptocurrency’s performance from April 2013 to January 2020. Over a shorter time frame — from the beginning of 2019 to Jan. 13, 2020 — Fridays delivered the highest average return at 1.1%, with Mondays coming second with Tuesdays and Thursdays delivering negative returns on average.

Singer Akon says world’s first “crypto city” is set for Senegal in 2025Akon says he had finalized an agreement to launch a “crypto city” in West Africa. Akon City is expected to open its doors in Senegal by 2025, and vows to be a “100% crypto-based city with Akoin at the center of transactional life.” The metropolis is being built on 2,000 acres of land gifted to the project by Senegal, and the first phase of construction is scheduled to finish in about five years’ time. It is hoped that Akoin will empower “rising entrepreneurs with digital and real-life tools and services, and enable brands to unlock the power of Africa’s rising economy.” Rest assured, we’ll give you plenty of updates on how the project progresses.

Winners and Losers

At the end of the week, Bitcoin is at $8,670.33, Ether at $165.92 and XRP at $0.23. The total market cap is at $236,788,834,292.

For more info on crypto prices, make sure to read Cointelegraph’s market analysis.

Most Memorable Quotations

“The state should become a digital platform that is created for people.”Mikhail Mishustin, new Russian prime minister“We cannot discount the future role of cryptocurrencies in funding acts of domestic extremism, both within New Jersey and across the United States.”Jared Maples, director of the New Jersey Office of Homeland Security and Preparedness“Supporting the DPRK’s use of cryptocurrency and blockchain technology, risks violating the Security Council’s resolutions because it would unavoidably increase the DPRK’s ability to subvert sanctions and generate revenue for its weapons programs.”British government spokesman“Be cautious if considering an investment in an IEO. Claims of new technologies and financial products, such as those associated with digital asset offerings, and claims that IEOs are vetted by trading platforms, can be used improperly to entice investors with the false promise of high returns in a new investment space.”U.S. Securities and Exchange Commission“So right now, Bitcoin and Ether are the two that we think fall under our jurisdiction.”Heath Tarbert, Commodity Futures Trading Commission chairman“We are looking forward to our joint efforts with Z Corporation/TaoTao in bringing our services to Japan. Foremost, we want to ensure that we work in full compliance with Japanese laws and regulations where local and global standards function as a key role in establishing sustainable development industry-wide and greater public adoption.”CZ, Binance CEO“We're not looking to build a service here, make money and enjoy the revenue, we're looking to create a standard”Eyal Hertzog, Bancor co-founder and product architect

Prediction of the Week

“Weak hands are out” — Trader who called $20,000 Bitcoin top calls bottomWaiting for prices to dip to $6,000 before you invest in Bitcoin? You’ve missed your chance, according to Peter Brandt. The veteran trader — who successfully predicted in early 2018 that crypto markets would fall 80% from their all-time highs of $20,000 — struck a bullish tone during an interview with Cointelegraph. “The weak hands are out; the strong hands own it,” he surmised. Brandt added that “anybody who is interested in what Bitcoin has to offer” should dedicate 10% to 20% of their portfolio to the cryptocurrency.

FUD of the Week

U.S. SEC warns investors that IEOs may be breaking the lawThe United States Securities and Exchange Commission has warned that initial exchange offerings may be breaking the law. After the initial coin offering boom turned into a bust, many projects have taken to launching their tokens directly on exchanges. But the regulatory body says: “Be cautious if considering an investment in an IEO. Claims of new technologies and financial products, such as those associated with digital asset offerings, and claims that IEOs are vetted by trading platforms, can be used improperly to entice investors with the false promise of high returns in a new investment space.” The SEC said that alarm bells should ring if IEO organizers fail to address federal securities laws or mislead investors, adding: “There is no such thing as an SEC-approved IEO.”U.S. SEC charges convict and associates for $30 million fraudulent ICOAnd speaking of the SEC, this week saw the regulator charge a group of criminals who raised over $30 million through a fraudulent ICO. Boaz Manor, one of his business associates and two companies are accused of violating the anti-fraud and securities registration provision of federal securities law. They are accused of marketing and selling securities with a plan to develop technologies for hedge funds and other investors in digital assets. According to the SEC, Manor changed his hair color, grew a beard and used aliases to conceal his identity because he had previously served a year in prison after pleading guilty to criminal charges arising from the collapse of a large Canadian hedge fund.Singapore crypto consultant kidnapped for $1 million ransomA businessman was recently kidnapped in Thailand and tortured for a $740,000 ransom in BTC. Mark Cheng transferred all his available funds of $46,000 to his captors and reportedly made a daring escape as they prepared to murder him. He was on a business trip to Thailand when he was bundled into a truck by masked men. A Thai actor is believed to have owned that pickup truck, and police have now identified him as a person of interest in their investigation. Describing his escape, Cheng said: ”One of them held the gun against the back of my head while the others stepped away. Fortunately, I know martial arts. I reached behind my head and grabbed the pistol, and then I fled.”

Best Cointelegraph Features

Predictions for 2020Take a look at the biggest and best predictions for 2020. We’ve asked prominent industry experts which altcoins they’ll be keeping a close eye on in the coming 12 months, what Bitcoin’s price might look like this year, what this year’s biggest topics are likely to be, and for their thoughts on the major themes for crypto and blockchain in 2020.Telegram’s legal battle with the SEC heats up over TON recordsJoseph Birch looks back at Telegram’s clash with the SEC, which became one of the crypto world’s most closely followed legal dramas in 2019.Interview with Daniel Marco on the state of blockchain in CataloniaCointelegraph features editor Alex Cohen speaks to Daniel Marco, the director general of innovation and the digital economy in the government of Catalonia, to find out how the region’s ambitious blockchain strategy is taking shape.Original Article - CoinTelegraph.com Read the full article

[goldira01]

After an incredibly disappointing year in 2018, Bitcoin woke from hibernation in early April 2019 and rallied with vengeance toward a yearly all-time high at $13,800. Alas, all good things must come to an end and such was the case for Bitcoin as price became overextended and began to retrace. 

Bitcoin’s current malaise in the $7,800 to $8,500 range has produced a variety of price estimates on where the digital asset might go as the 2020 Bitcoin halving event approaches. This week Cointelegraph spoke to veteran trader and Bitcoin expert Tone Vays to prod his brain about the current state of Bitcoin and his thoughts on the future of the digital asset. 

Bitcoin price

filbfilb: Tone, it feels like a bit of deja-vu; you’ve been calling for a descending triangle breakdown and here we are again. Last time it resulted in Bitcoin completing an 85% retracement of the parabolic advance into the low $3,000s.  

A similar breakdown this time would put us back at around $5,000 which isn’t too far from the triangle breakdown target. So with this said, where do you think we are heading?

Tone Vays: I think we are headed for the low $7,000 area but if that area cannot reverse the price quickly and we consolidate there the way we are now doing in the low $8,000s then $5,000 becomes a reasonable and likely target.

FF: Do you think it’s possible we could head even lower to new 2019 lows?

TV: Yes, I am one of the few that have never trusted this run-up to $14,000 and felt it was not organic even though my good friend Willy Woo is able to explain it from a fundamental perspective of on-chain volume. I give it a 20% chance that we fall back to the low $3,000 area or even make new lows for a short period of time.

FF: What is your price expectation for the end of this year?

TV: I think the price will be around $7,500 to $8,000 at year-end but rising into that area. However, these year-end predictions only have two outcomes. Being praised for a good guess, or being made fun of for being wrong. This is what I’m thinking this moment, tomorrow it might change.

BTC/USD Daily Chart. Source: TradingView

Block reward halving

FF: I would like to ask your view on the block reward halving due to occur next year. There seems to be a new-found consensus that the Stock-to-flow modeling which implies that there is a direct correlation between a reduction in the inflation rate and price increase over time confirms that Bitcoin might be worth $100,000 sometime after the halving event. What is your view on the model? is it useful?

TV: I do like the Stock-to-Flow modelling, it makes sense but on a longer-term scale, I do not see it being useful to analyze bitcoin in the short term as its price discovery is dominated by speculators in an illiquid and immature market.

FF: $100,000 for Bitcoin seems like a tall order and it would push Bitcoin over a $1 trillion market cap. This means Bitcoin would begin to encroach on the space occupied by the Gold market.

Do you think $100,000 is achievable under the right circumstances over the next couple of years?

TV: I do think that $100,000 for a Bitcoin is achievable after this upcoming halving, but remember, we will have 4 more years until the next halving sometime in February or March of 2024. 

If Bitcoin is to hit the $100,000 vicinity, it will most likely be late 2023 as speculation rises going into the next halving. Like all other unsustainable exponential rises however, I can also see it falling back down to $20,000 to $25,000 area for another major correction. Remember, the faster we rise, the harder we fall.

FF: What sort of fundamentals would be necessary to get us there from a technical point of view (developmental or other)?

TV: I am keeping an eye on several global catalysts that can drive Bitcoin’s value to $100,000 even tomorrow:

Back in 2013, we had the Cyprus banking crisis, then in 2015 the Greek banking shutdown. If similar events in Europe are to repeat I think it will drive Bitcoin sky high. 

Just imagine if the Brexit vote takes place in a country actually on the Euro like Italy or Spain, their citizens will rush into bitcoin for financial safety.

The continued war on cash, tax evasion & money laundering. As more and more Developed nations try to eliminate cash and implement negative interest rates, this can drive many people into Bitcoin.

Within our own space, there is still plenty of people invested in shitcoins. I had greatly underestimated how much Bitcoin would rise in 2019 with a small group of major shitcoins like Litecoin, Ether and XRP. 

Even though Bitcoin is already at 70% dominance, Ethereum still takes up another 20%. Once people fully realize how useless and unstable that project is, a mass exit out of Ether can actually drive Bitcoin very high due to Bitcoin’s low liquidity to handle a run on the Ethereum bank.

BAKKT

FF: The physically settled Bitcoin futures product offered by BAKKT implies that there may be some underlying demand expected by institutional players for Bitcoin exposure. 

Do you think this is a ‘build it and they will come’ venture or do you think they are aware of pent up underlying demand for exposure to Bitcoin?

TV: I do think the “build it and they will come” view for BAKKT is reasonable but don’t confuse it with “launch it and they will rush to your door” like a new iPhone. I do not see a difference between physically settled futures and buying your Bitcoin from Coinbase. 

If CME did physically settled futures from the start that would have been interesting, or if BAKKT created an exchange for centralized liquidity the way stocks work and turned companies like Bitstamp into brokers, that would have also been interesting.

FF: A lot of people are suspicious of the project in the sense that some speculate it could be used to manipulate Bitcoin’s price. What’s your view on the product, do you think it’s overall bullish for the space?

TV: I think the best part about BAKKT is that it makes Bitcoin more financially and legally acceptable. With every regulated & respected financial institution that gets approval to work with Bitcoin it makes it harder and harder for governments to criminalize its use the way they do with cannabis in most countries. 

As for direct effects, there is nothing that BAKKT is doing that has not already been offered by CME, Coinbase, Kraken, Gemini and Fidelity. Combining parts of what other companies do well into one is not innovative and does not guarantee success. 

As for manipulation, this is what people say when they lose on a trade. Sure big companies will try and take advantage when they have power and that is why they should be watched by regulators, but if you want to talk true manipulation, let’s talk about diamond prices. How come I can’t trade those futures in a free market like say corn, gold or Bitcoin?

Altcoins

FF: You’re a well-known skeptic of altcoins (to put it lightly) and you have consistently asked about their questionable legal status. Do you still think financial regulators will ultimately catch up with these projects? 

TV: If I was answering this question a week ago I would have said yes, but after seeing the $24 million fine to EOS creators by the SEC as they raised $4 billion through an unregistered security of their scam token, it’s basically the green light to break the rules with a slap on the wrist and not even a warning to not do it again.

FF: Has it been damaging for Bitcoin overall?

TV: No, Honey Badger don’t care. Eventually, people will realize how dumb all these other coins are and that value will flow back into Bitcoin.

FF: Do you think Facebook’s Libra Project will ultimately navigate their way through the regulation and launch a product to the public? If yes, will it be competition for Bitcoin?

TV: I honestly don’t know, I believe that they will eventually launch it but it will not be competition to Bitcoin. It will not have any of the qualities that give Bitcoin value like unconfiscatability, censorship-resistant value, transfer and money hardness to rival gold governed by decentralization and math. 

Facebook’s Libra is no different than the current financial system but instead of a government appointed officials deciding how much to print, it will be a centralized group of private companies. They will always have the ability to censor transactions and confiscate/freeze your funds if they feel like it or told to do so by the government.

What’s the future for Tone Vays, the careerman? 

FF: You seem to be all over the place. What’s the most exciting thing you’ve got lined up in the next six months?

TV: I am very excited about The Financial Summit in Bali. It’s a small event I decided to do to connect young traders with hedge funds that can take their strategies to another level. 

The event also has an investing and trading education component for high net worth individuals and miners looking to navigate the financial markets. The event is almost sold out so I might need to do another one in 6 months in the Caribbean. 

Besides that, we have the 2nd annual Unconfiscatable Conference & Poker Tournament coming up in Vegas on February 20-23. We will also be bringing back Understanding Bitcoin to Malta in May but no details on it as of yet. 

It’s a really exciting time for Bitcoiners!

[click2watch]

Will Facebook’s Libra Be an On-Ramp or Dead End for Crypto?

Facebook’s announcement that it would create a stablecoin on a blockchain means more as a competitive answer to WeChat and Alipay’s payment services than it does to the crypto industry, according to AngelList co-founder Naval Ravikant.

Ravikant told CoinDesk via email:

“I don’t think it means much for crypto because it’s not really (sovereign-resistant) crypto.”

The immediate question for the crypto industry following the announcement of Facebook’s ambitious Libra project was whether this new token will lead more users into the broader world of cryptocurrency or insulate them from other projects. That is, will someone who becomes a Libra user be more likely to one day hold bitcoin, ether, EOS or other crypto assets?

For his part, Ravikant sees a way Libra could meet a need, noting that it could lower the cost of global payments, but, he added, “I struggle to see why it needs to be on a blockchain other than for PR / Marketing.”

The Asian consumer payments giants Tencent (parent of WeChat) and Alibaba (parent of Alipay) seem to agree: They say they won’t be following Facebook’s lead into cryptocurrency development.

That said, most of the industry sounds upbeat following the news that the fifth largest company in the world by market capitalization, Facebook, is leading a slew of financial giants (such as Visa, PayPal and Stripe) into the blockchain universe.

For example, Fred Wilson, a partner at Union Square Ventures, one of the founding members of the Libra Association, wrote on his blog:

“So as we think about the potential drivers for mainstream crypto adoption, a simple, fully-collateralized, cryptocurrency used inside the world’s largest applications, touching hundreds of millions or billions of consumers, is perhaps the most promising one.”

In fact, others pointed to specific mechanisms by which individuals might find their way into crypto in a world where Libra becomes a common way of transacting value.

“It’s good news for exchanges and good news for crypto because you’ll have a lot more vetted users,” Avivah Litan, an analyst at Gartner, told CoinDesk. She foresaw exchanges as being a major source for attaining Libra in the early days. “So now when you’re signing up for Libra you’re going to see more cryptos as well.”

People who already have access to financial services will be motivated to find ways to get crypto in order to get better deals, Kyle Samani of Multicoin Capital told CoinDesk.

“The value prop is clear: discounts through merchant partners like Uber and Lyft and Spotify (and many more to be announced),” Samani told CoinDesk via email. For the unbanked, it’s the chance to use a currency that’s potentially more stable than their country’s national currency.

Preston Byrne, an attorney at Byrne & Storm and an early entrepreneur in the world of permissioned blockchains, told CoinDesk he foresees Libra being helpful at a high level so long as the network is not built in a walled-off way.

“As long as it requires people who are hooking into the ecosystem to use things that are otherwise good for cryptocurrency, then it’s good for cryptocurrency,” Byrne said.

Joey Krug, Augur’s creator and an investment officer at Pantera Capital – one of the industry’s largest crypto investors – pointed to one way the infrastructure has already committed to play nice with the rest of the industry.

“Libra has stated the underlying network will have pseudonymous addresses just like any other crypto network, which means exchanges can list Libra, effectively making it an on-ramp to all of crypto,” Krug told CoinDesk.

Byrne did note that Facebook and its partners could use their clout to crowd out other cryptocurrencies, if they wanted to. For her part, Arianna Simpson, founder of Autonomous Partners and a former Facebook employee, does not see an existential threat to bitcoin in Libra.

“Other cryptocurrencies – Stellar and Ripple come to mind – are much more likely to have their raison d’être called into question,” she wrote in a note to her limited partners, which was shared with CoinDesk.

In fact, on bitcoin, Samani offered another tantalizing bit of speculation. He argued that with interest rates on sovereign bonds moving so widely into negative territory, the Libra reserve is going to have a hard time finding extremely conservative investments with an upside.

Samani said:

“I would expect the Libra Association to maintain some of its reserves in permissionless cryptocurrencies like BTC. So that’s one path, though it’s not confirmed.”

Big does not always win

If Facebook is able to convince the world that crypto works, Libra itself will have to work. And that’s no sure thing.

Industry insiders were quick to recall the many headline-grabbing tech products that never caught on.

That said, the general response seems to be excitement about Facebook and its partners potentially educating billions of people about public-private keys, payments without intermediaries and money on the internet.

But there were a lot of notes of caution, particularly about whether or not Facebook could really lead users to use its new blockchain.

Joel Monegro of Placeholder, a prominent New York City-based venture fund, compared it to the earliest iterations of the Microsoft Network, which was basically Microsoft’s attempt to create its own proprietary internet.

Monegro told CoinDesk via email:

“Libra is to Facebook what MSN was to Microsoft. They sense the opportunity, but are missing the point.”

Similarly, CoinFund founder Jake Brukhman rattled off a list of major failures by other tech giants. Though generally optimistic about Libra’s potential to benefit the whole market, Brukhman cautioned that “people also tend to get excited and underestimate how hard it is to launch successful products even as established exceptional companies.”

For example, he mentioned Amazon’s Fire Phone. Additionally, Google has had a cascade of failed creations. In social media alone, it failed with Orkut, Buzz, Wave and Google Plus. Apple’s self-driving car product was stillborn.

But Albert Wenger, also of Union Square Ventures, wrote on his blog about how critical a wide distribution network has been at key moments of technological expansion. He too drew an example from Microsoft: the introduction of Internet Explorer (IE) to all Windows users in 1995.

IE drove tremendous adoption of the internet. But, as Wenger wrote, “It is useful to remember that Microsoft was not the primary beneficiary of the web.”

But is it my giant?

The 53 co-authors of “The Libra Blockchain” white paper said the blockchain was built to offer “a new global currency — the Libra coin.” Currencies are money’s consumer application, but will be Libra be consumer-friendly?

William Quigley was a co-founder of the company that created tether, the original stablecoin, and he’s now the CEO of WAX, a startup organized around digital property rights. He thinks Libra will save people money on almost everything they buy.

“It’s probably 1.5 percent of global GDP is just eaten up in currency conversions,” Quigley estimated. “I think that’s a big part of what Facebook is looking at.”

Others aren’t betting against the world’s entrenched financial institutions, however.

As Tyler Cowen, one of the globe’s most influential economists, wrote on his blog: “Have banks ever lost a political battle of this kind?”

If any coalition could uproot those channels, it may be the group of extremely powerful companies Facebook has assembled. But that sheer size could pose another danger to the masses.

“It comes with the risks of centralized pain points and vulnerabilities,” ConsenSys founder Joseph Lubin told CoinDesk. “Data silos enable incumbents to maintain pricing power, and also come with the risks of data breaches, privacy, and security issues – problems that many have already begun to associate with Facebook.”

Maya Zehavi, a blockchain consultant and entrepreneur, offered similar concerns. While Facebook theoretically won’t control the Libra blockchain, earlier iterations of the company have been known to wreak havoc on startups that build businesses dependent on Facebook platforms. Just ask Zynga.

At this very early date, Zehavi said Libra looks like a “closed loop.”

“If you want to make an investment or if you want to run a product today, you need to be able to run a node, a full node,” she said. “You need to have the infrastructure in place to be a part of that network.” Plus, there’s the cost.

Founding members of the Libra Association have paid $10 million each for the privilege of running a node, though there are plans to ultimately open node membership to anyone. (Founding members also get a return on their investment in the form of interest generated by the Libra reserve’s potentially vast pool of coin-backing assets.)

Still, Quigley, the tether creator, thinks the 10 years of crypto history to date should be the main framework for evaluating Facebook’s Tuesday announcement. Several people CoinDesk spoke to made some version of his same point:

“Every time a new cryptocurrency has been created it has been additive to the overall crypto experience.”

Scales image via Shutterstock

This news post is collected from CoinDesk

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Emerging Trends of Master Product Management

What you need to be at the top of your game in 2019

I. THE WORLD HAS CHANGED

The world of Product Management is no longer changing. It has changed. At some point over the last few years we transitioned into a new way of thinking when it comes to technology. Let’s review the situation as we move into the last year of this decade.

What used to be emerging tech a decade ago has now become the de facto standard. VCs used to be enamored by SoMoLo (Social, Local, Mobile) and Gamification, but the new emerging technologies revolve around Spatial Computing. The focus now is about taking computing from behind a rectangular piece of glass and bringing it into the real world. This includes Augmented and Virtual Reality as the interface layer, Artificial Intelligence as the logic layer, and Blockchain as the emerging database layer. With 5G connectivity and the proliferation of IoT devices and sensors, we enable new things like self-driving and Pokémon or Amazon Go.

The future of Humanizing our Tech

Our interfaces are becoming ever more invisible as we begin to wear our computers. AirPods in the ear and speaking to voice assistants like Siri and Alexa our in the world or at home. Even physical touch interfaces went from some-of-the-time with smart phone taps to all-of-the-time with vibrating wearables and always-on heart rate monitoring.

Meanwhile, blue chip industrial companies are investing in SAAS-based technologies and because Wall Street no longer rewarding a gigantic sales team that has to start each quarter from zero. The sawtooth revenue curve of the past is being replaced by curves that look more like hockey sticks. It’s not just software that’s eating the world, it’s also their business models. Namely, moving from one-time payments to Monthly Recurring Revenue from Software as a Service. Did you know Salesforce got its start by convincing customers they shouldn’t use installable CDs, but rather a website that gives them updates every day? Now this is taken for granted but changing software buying patterns was hard in the beginning.

Today, everyone has a startup or a side hustle. What we used to hear five years ago, “I’ve got an idea for an app”, is now, “I’m raising $1M on a $5M pre- and have traction with 100,000 users”. Wait, what? You’re only 15 years old? Which brings us to our next point. Digital Natives, Gen Z, and yes, Millennials, have overtaken mindshare, marketing, and advertising share from the Baby Boomers. Many of us with decades of Product experience merely adopted the tech, but these individuals were born into it. Christopher Nolan, eat your heart out.

Valuations have soared since 2008, and new millionaires are minted so regularly that we now collective keep count in billions. Growth at all costs, even profits, have created an irrational exuberance the likes of which Greenspan could hardly comprehend during the go go dot-com days.

Even retailing has changed. The anchors of malls aren’t seeing the foot traffic they once did, Sears is shuttering its doors and Best Buy is struggling. The reason is because we get free shipping and cheaper prices shopping online, and at least in the US, eCommerce executive’s go-to-market strategy is simply www.amazon.com.

As we transition into the mindset of investors, we see a more modern Private Equity, new family offices sprouting up in record numbers, new regulations like the JOBS Act, and new funding mechanisms like Initial Coin Offerings (ICOs) and Security Token Offerings (STOs) enabling much more capital flowing into tech than ever before. Because traditional LPs have been reading the same blogs and would rather source and diligence their own deals than pay a middle man their 2-and-20 fees, we see more demand than ever for the best deals and unique deal flow as a competitive differentiator. The leveraged buyouts of yore targeting low-growth manufacturing firms are now targeting niche software companies because the economics and multiples are better with the same consistent cash flow.

As we turn our attention to go-to-market strategies, the traditional ad budgets spent on TV and display continue to evolve more towards a universal view of a person. Spend on Influencers have shifted from Movie Stars and Athletes to the Kardashians, and then to micro-influencers, and now to pico-influencers with 500 followers who are all personal connections. It’s the word-of-mouth virality that spells success for many products, after all. GDPR regulations that came online in mid 2018 means every website we now visit has a horribly thick bottom bar overtaking our screens. As a result of all this hypertargeting, user tracking, and dynamic content, the user experience of the web has decreased dramatically, especially when including abysmal loading times resulting from excessive overuse of Javascript. Did you know there are now 7,000 MarTech startups, up from 5,000 only a few short years ago, creating a bewildering amount of programmatic ad choices, and ever-increasing customer acquisition costs. The result being building quality product mechanics for incenting organic virality and engagement are 10x harder than they used to be.

Finally, there’s a resurgence of interest around outer space and private rocket companies. Space Tech is a thing and with falling prices of launches by Blue Origin and SpaceX, the cubesat subsector will ultimately enable next-generation cellular connectivity from space. This is how the other 50% of humanity gets internet access while also being a source of cash for the burgeoning New Space industry in desperate need of investment.

II. THE WINNERS & THE LOSERS

Taken together, we’re all playing a whole new ballgame. The playing field has become shorter while the game has become faster, and harder. Greenfield opportunities where you used to be competitive with a buggy LAMP stack and lackluster UX has even stopped working in the Enterprise. High-quality consumer apps that everyone now uses means we expect the same from all our software, including what we use at work. And desktop apps are no longer enough. The world has become smaller but we’re traveling more often and so we’d rather lose our luggage than our smart phone. We expect our work software to be just as efficient as the apps we use for play. Customers and users don’t care that it takes 320 different video encoding renditions for a single video file shared behind a firewall. “It’s just a play button, why is that so hard?” They don’t care how the sausage is made, expect perfect connectivity and high-resolution streaming. And expect it to be as cheap as YouTube.

We have reached a significant milestone for humanity. Half the human population is connected to the internet, mostly with mobile phones, and everyone is in search of the next gigantic growth product. Skill and talent has blossomed in unexpected markets around the world. France is a key global spot for world-class software development, Africa is emerging as a new startup capital learning from the likes of the Valley and Singapore, while China and the US are in an AI arms race for powering the world of our future. Information is shared in tiny bursts through text messages and short-form videos, with the entire world is trying to steal market share of eyeball for their Monthly Active Users.

At this point you may be feeling a bit down, wondering why you should even consider starting a new project. With the degree of difficulty steadily marching up-and-to-the-right, what hope do you have for standing out in a sea of competing projects, apps, sites, and initiatives?

The winners will be the ones who both Accept & Acclimate to this new world quickly. There’s no time to debate. The winners take action. The losers, on the other hand, will continue to exist in the Web 2.0 or, even worse, pre-connected world. It’s true that legacy business models and declining markets have a much longer tail than anyone realizes, but it’s getting shorter.

In either case, you’re either compounding in a positive direction or a negative direction. The graphic below from Farnam Street tells the story better than any amount of words could.

Source: Farnam Street

The key insight here is that it doesn’t require organization-wide adoption to reap the benefits. It only takes a single “2-pizza team”, as Jeff Bezos famously states, to kickstart action in the right direction. But whom you pick for those teams makes all the difference in the world.

So it begs the question: with a discipline as varied and misunderstood as Product Management, how can we begin to slice the skill sets required to determine the right person for the first project but also the second? Is it a mini-CEO, a turnaround genius, a mobile app maven with hundreds of daily builds, or a growth hacking expert who’s earned the stripes from a decade in the trenches? As a high-performing Product Officer, you need all of these next-level skills to stay at the top of the capabilities mountain.

The Product winners understand the importance of spending the time and budget to go find the right talent before doing anything else. The team is the single biggest difference maker between 2x and 10x. The Product losers, on the other hand, focus on business as usual and going with whomever is a phone call away, whether or not they have the requisite skills required to execute in this new world.

III. THE PROMISED LAND

But what does it look like to win? It means you’ve got a successful project on your hands. Your KPIs are up, the product is working, the team is energized, and the kudos stream in from around the internal organization and external community. Most importantly, your revenue and/or users are growing with a healthy k-factor above 1. The A/B testing and Cohort analysis is paying off once you found the correlation between Retention and Engagement. You’ve maintained quality and are in a great repeating cadence of 1) customer development, 2) agile design and development, and 3) continuous deployment and retrospectives.

Master-level Product Management means that the compounding flywheel effect applies to your product, but also the operations of your team, whether that’s a small 3-person group or a large 10,000 person global conglomerate.

A well-run machine is the opposite of chaos. You’ve developed esoteric metrics, like how many Slack messages are sent and how many files are sent back and forth to tell you how good the team is working together and how high-quality the work product is. And of course, that the entire group works backwards from the customer or user, and not forwards from the technology, unless we’re in Hard Tech territory like Quantum Computing.

Master Product Managers have been doing all these things for years but as we move towards 2020, a new set of skills has emerged.

IV. TOP 3% PRODUCT MANAGEMENT MASTERY FEATURES

Below are the top things you need to execute on to maintain your role as one of the best Product Managers in the world, or in identifying them for your next project.

Focus on one KPI: Revenue. Paul Graham of YC fame said a Startup could be defined by a sigle word: growth. Projects and businesses can also be defined by such a word. If the business is not making money, then eventually it ceases to exist. So, for any Master Product Manager, the starting base-level KPI for any project must have Revenue in it somewhere. Even a consumer app with MAU as a metric eventually needs to become self-sufficient at some point. You can choose a monthly subscription fee (Netflix) which has gained popularity above the one-time purchase to match ongoing revenue with ongoing costs, or an ad-supported model (Facebook) to sustain itself. Pricing strategy is understood as a key component of this. If you double the price and demand decreases by less than half, then you just created additional revenue growth with nearly zero marginal cost. In short, the right Product also has the right Price. Note that we’re leaving aside Not-for-Profits as they have a different motivation and core KPI, which would typically center around positive impact, measured by Human, Animal, or Environmental improvement.

Understand and design business models, especially applying them in new ways. A project starts by answering the question of “Who buys what from whom, for how much, and why?” For a lemonade stand, the answer is: a customer buys lemonade from us for $1 because she’s thirsty and we’re located right next to the park she walks her dog at. There are a limited set of business models that exist, like Remove-the-Middle-Man or Give-Away-the-Razor-To-Sell-the-Blade. Flipping standard business models on their head creates new insights and the Master Product Manager has a list of them at the ready with examples. One such example is the new online school that kept the definition of the customer the same (the student), but shifted when the student pays. Instead of paying every semester for classes as a big up-front cost for a buyer with very little money, this startup shifted the cost for the student to a percentage of salary for the first two years after graduation. Of course, the school makes a promise that they will help the student get placed. So, the novel insight here was shifting the business model to a transaction fee of the benefit rather than an up-front fixed cost. Payment processors have been using this model for some time. You submit an invoice to someone and in return for a company processing that payment, you’re willing to give them a fee because it’s small compared to the amount of money you just earned. It’s the same concept, now applied to a different industry: education. Gamification and Incentive design also play a part and have been recognized widely in the tech community since the days of Foursquare and Gowalla. Today, with the emergence of Initial Coin Offerings and its successor, Security Token Offerings, creating an app that becomes an economy means a Master Product Manager needs to understand the intricacies of micro and macroeconomics down to the granular level of “How do users earn tokens?” and “Where do users spend tokens?”. In the beginning of Bitcoin, for instance, it was much easier to acquire the cryptocurrency than it was finding who would accept it as payment. Thus, supply, demand, and transactions are important for unleashing value creation and developing a healthy economy. See Metcalfe’s Law for more.

Position Brand as a key differentiator. A brand is not a logo or a design. A brand is how it makes you feel. Apple feels different than Google which feels different than Facebook or Amazon. They do different jobs for their users, but it’s wisely said that the money in a company’s bank account is really just a physical measure of the trust that their customers or users have in the organization. People spend more money and return more often to brands they love. Today, when consumers are much less brand loyal and are willing to switch providers and products on a dime based on the service they receive (i.e., how it makes them feel), getting Brand right is a big deal.

Executes as CEO of the Product and the real CEO. As the world moves faster, demands of shareholders and the team become larger, and quality-at-speed becomes the new standard, CEOs and Founders are spread more thin than ever. Master Product Managers understand the intricacies of the entire business, not just their own product, in order to successfully deliver on where the puck is heading. They can run the business if the CEO was on leave for a month, they see around corners, understand where the industry is headed, talk with the Board and investors, raise capital while maintaining cost controls, hire grade-A talent, work with adjacent industries to establish new critical Business Development opportunities, and execute capital allocation strategies. See the book Outsiders by William Thorndike for more on how the top 8 public company CEOs over the last half century allocate capital.

Embed social and moral ethics into the atomic unit of the product. MNI Targeted Media’s study showed that more than 50% of Gen Z (i.e., between age 3 and 23) favor a brand who is socially conscious, so the $4B in buying power they have today will transform into tens of billions more when they reach full maturity. Master Product Managers not only act as technology builders, but as an ethical voice of the product and organization as well. They are not afraid to raise a red flag, take a stand, and stick to what’s right and just. Even the CEO of the most valuable brand in the world, Tim Cook, has taken stands for human rights and privacy, total shareholder return be damned (though studies have shown it actually helps). In addition, while operating ethically within business has long been a subset of the standard CFA exam, it is a growing requirement when news spreads around the world in an hour, and talent has the ability leave in a moment’s notice to work for anyone from anywhere. Long-term relationships matter because the apprentice of today will be the master of tomorrow, and reputations are written in stone on the internet.

Has smooth PR and media presentation skills. Master Product Managers know how to talk to the media about the product succinctly. A “repeatable sound bite” is just another way of saying “viral marketing”. Because if the viewer can’t remember it and repeat it, that alone can negatively impact the product’s k-factor. Today, the builder is more important than ever, as it’s less the CEO talking about the product and more about the the trade-offs the people building it had to make. Jony Ive is a hot commodity because the way he thinks is a leading indicator of what gets built. Great Product people are comfortable on camera, and don’t use the “ums”, “ya knows”, and “likes” that have become so prevalent in spoken conversation. As the steward of the product, you represent the product both on camera and on social, whether or not your profile says, “my thoughts don’t reflect my employer”. Again, who you are definitely becomes what you build, especially when customers and users care so much about what Products do with their data, they research who the people are behind them. In terms of efficient communication, a former McKinsey consultant, Barbara Minto, literally wrote the book on it, called “The Minto Pyramid Principle”. She teaches you the way to craft concise memos, reports, presentations, and talking points for a short attention span audience. World-class product people study not just the art of Judo, but also the subtle art of communication.

Exist outside the tech bubble. There are 7.5 billion human beings in the world. These are the users and customers of your product. They have feelings, stresses, and relationships that machines don’t have. Understanding consumer behavior is arguably the most critical aspect of any product. The Job-To-Be-Done framework must also include something new called The-Feeling-It-Creates framework. Is your product about saving time, money, and stress, or is it about escape, fun, and entertainment? As an example, BJ Fogg’s Behavior Model was used almost entirely as the core product mechanic for Instagram, because Kevin Systrom took his class at Stanford and remembered it when investing his product from location-centric to image-centric. Dale Carnegie’s famous book, “How to Win Friends and Influence People” is another great resource as is Chip Heath’s book, “Made to Stick”. These are all now table stakes. Understanding human consciousness, and the move towards mindfulness are necessary requirements for building a product that moves past addiction, and into transcendence. Technology always changes, but humans never do.

IV. IS THIS POSSIBLE & WHAT’S NEXT?

What we’ve laid out here may seem overwhelming, especially for those Product people just entering the discipline. But because the best Product people are ruthless prioritization experts, and agile enough to climb seemingly insurmountable challenges, we believe this gets the best and the brightest excited.

This is a juicy new problem to solve, and a new vector for investing in ourselves and our discipline. “Give me more to learn!” we hear some of our close friends in the industry constantly saying.

So, yes, it is possible. Similar to the documentary, Jiro Dreams of Sushi, the mountain of mastery reaches ever higher, and even after seven decades spent as a master, it’s an unreachable target. So, if you’re more junior, or know nothing about Product, but need someone who does, you’ve come to the right place.

The subtleties in Products often end up making the most difference but can take decades of experience to uncover. Thankfully, this is where many of the top Product people in the world call home, to work together, and learn from each other.

We are equally as excited as we are humbled, to build the products that influence future generations.

— Sean

Emerging Trends of Master Product Management was originally published in Humanizing Tech on Medium, where people are continuing the conversation by highlighting and responding to this story.

from Stories by Sean M Everett on Medium http://bit.ly/2Cw8at5

[joshuajacksonlyblog]

Cartel To Launch ICO – Non-Profit Platform to End Retail Pricing

Commerce has consistently shown when a new technology favors customers by providing the most affordable purchasing options, it succeeds, just as Walmart and eBay, Amazon and Alibaba have done. A selfless new blockchain called Cartel is introducing a platform that is set to disrupt retail forever: A portal that connects buyers and sellers, eliminating all of the middlemen and giving individual consumers wholesale price benefits.

Los Angeles, CA – February 2017 – Cartel Coin’s vision will involve no middleman, connecting retail buyers with manufacturers and wholesalers to allow unprecedented purchasing power to significantly reduce costs to the consumer. Running on Cartel’s own cryptocurrency, consumers will be able to buy previously unaffordable products, such as a premium car or electronic devices, through smart contracts that automatically enforce when a minimum number of buyers is reached.

The end result is the elimination of unnecessary markups, heavily reduced prices for the entire spectrum of consumer products and a globe of highly satisfied consumers. This has the potential to permanently reshape the supply and demand dynamic, for it places power in the hands of the consumer in a way that has never happened before.

  Currently, wholesalers from all over the world will place bulk quantity orders with manufacturers in the thousands to hundreds of thousands to then sell to retailers who then sell to consumers. This model is highly labored and expensive for the end user. Cartel Coin’s smart contract cuts out the wholesaler and retailer simply by connecting individual buyers from all around the world and collectively pooling their individual orders into one large wholesale quantity purchase. Everyone saves anywhere from 2-10x their money.

This approach to buying and selling can apply to any industry and niche. To understand the extent of the ramifications, the company likes to use the automobile industry as an example. The most common way to purchase an automobile is through a third-party showroom. Now, the costs involved in the current method of operations creates a markup of 50-150%. A car is a product that almost every person desires, so there is a great market in this industry.

The retail price of a Range Rover is roughly $150,000. On Cartel Coin’s platform, it may sell at $80,000, as it eliminates all middlemen costs. In 2016, over half a million people bought the car. With the reduced price, it is certainly believable that more would have done so. If a million people did so on CC’s platform, that would generate a revenue of $80 billion – a staggering sum for a single type of purchase.

Cartel plans to support this marketplace through self-investment. They will attach a 3% fee to every transaction, which goes back into the coin holders purse after opex. This is a stunning revenue model that benefits all of the parties involved. Cartel Coin’s insistence on benefiting coin holders is a significant feature of their development ethos.

The team has built a plug-in feature to integrate with companies such as Alibaba and Amazon. Cartel Coin’s International sales manager Jason Woodman isn’t too shy about their projections, saying:

We’re taking out Groupon and we’re partnering with Amazon and Ali Baba. I don’t care what it takes. This product just makes more sense. They have everything to gain. Nothing to lose and best of all we the people gain just as much as the corporations.

During a recent conference, Iron Kim, heading their Korea sales team had this to say:

Cartel sees the retail price problem as a major hurdle to the average customer and a completely unnecessary procedure given the highly connecting nature of our modern economy, stifling the chances of an improved standard of living and limiting access to life-improving goods to the wealthy few.

Despite grand ambitions, the team has not let ego seep into their work:

We aren’t going out launching an ICO for $50Mm dollars. We aren’t building a space rocket. We’re building an innovative consumer service. It’s a real project that will work tomorrow, not next decade. It’s got a real cost to it that reflects the products developmental demands and then provide us the ability to commercialize it properly. There is a genuine revenue model and need for the token and we haven’t stacked our team with an abundance of unnecessary staff or a roster of shadow advisors just to make you think it’s going big. We will be pushing the product live within 6 months – that alone is a feat that no other one of the thousand ICOs on Ethereum can say.

Other features within the platform include the Cartel Coin Wallet, a Propriety Payment Solution and a revolutionary B2B portal that will make this an online marketplace where both consumers and companies can significantly downsize their costs and save thousands, even millions in the process. The Pre-Sale for the Cartel Coin ICO launches in just a week.

To learn more about Cartel Coin and the upcoming ICO, visit their website at http://cartelcoin.io or download their Whitepaper directly by clicking here.

Media Contact:

Cartel Coin Attn: Media Relations Los Angeles, CA 844-444-9610 hello@cartelcoin.io

Images courtesy of Cartel

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Column Watch | Behind the public chain's collective bet on DeFi, is it the helpless move from the guilt?

Before this year, DeFi hadn't yet gained a firm foothold compared to the larger CeFi market. In just over half a year, after the baptism of "312", DeFi emerged. At present, as well as the amount of secured positions which has doubled by about 5.6 times from the beginning of the year, the total marketplace value has also increased by nearly 4.two occasions from the beginning of the year. DeFi shows strong vitality. Behind the explosive development is the crazy participation in the DeFi marketplace.

(Related news: FTX officially enters the DeFi industry! Together with Solona public chain to create a killer decentralized item Serum (SRM))

Dune Analytics information shows that as of July, the total amount of DeFi users was approximately 238,400, an increase of more than 23% from the beginning of June. Certainly, how can people not be tempted by the nice income of dozens of occasions at every change? DeFi has ignited the interest of too many people like fireworks. The current DeFi is exactly the same as the initial ICO. Your familiarity with DeFi will figure out whether you will be left behind. A DeFi player explained. In the growing ecosystem, Ethereum, that is the main ¨DeFi ecosystem〃, is highly sought after. Especially in the post-halving period when there is a lack of "favorable themes", the explosion of DeFi has brought back the long-silent Ethereum highly. Information from TradingView shows that the current cost of Ethereum will be US$383.33, an increase of nearly 250% from the beginning of the year. There is absolutely no doubt that Ethereum may be the biggest beneficiary of this wave of craze. This makes other general public chains change their focus on DeFi, trying to capture this ride with its own traffic. However, when the excitement dissipates, will there be another mess left behind? Ten years have flowed east, ten years have flowed west. Over time, is DeFi born beneath the two halos of "potential finance" and "general public chain leads" really eco friendly? Collectively march into DeFi, do you follow the trend or survive contrary to the trend? From TPS competition, to DApp ecological competition, and then to getting DeFi, the street of public chain competition and exploration has never stopped. Once upon a time, TPS (transactions per second) was a significant indicator from the powerful of major general public chains. With this aggressive track, many general public chains are keen to advertise higher TPS values, and something million TPS has even end up being the standard for each and every public chain. As the marketplace results to rationality in the quest for TPS, DApp has become among the important indicators of a new round of competition in the public chain. Especially at the beginning of 2019, the DApp programs of the main public chains became popular as soon as inserted a white-hot stage. However, the sluggish lifestyle and the degree of popularity have put DApp within an uncomfortable situation of snow and fire. In just a couple of months, DApp has gone from getting bustling with blooms to getting deserted daily. What followed was a sharp decline in the reputation of public chains, and many general public chains have still died out of people's eyesight. "DeFi can help the public chain find its application situations and worth." Conflux researcher Li Chenxing feels. Even though total assets of DeFi are just equal to 1.5% of the complete encrypted assets, the great vitality within it really is enough to make the public chains "heart beat". At the moment, there are a large number of DeFi tasks on the market, addressing almost all areas in the original financial industry, such as lending, financial derivatives, prediction marketplaces, and insurance. The public chain's competition in DeFi is calm, however the tide is raging. We fixed our sights abroad. EOS, which was once on the par with Ethereum, has a lackluster amount and level of DeFi tasks in its ecology. In accordance with DApp.com, from the perspective of transaction volume before month, only 4 EOS DeFi tasks in the top 30 financial DApp ecosystems are usually on the listing. However, the powerful and scalability also give EOS a certain imagination. The current EOS DeFi ecosystem contains DeFibox, Pizza, EOSDT, DeFis, eosfinex, TP Swap, etc., primarily involving stable cash, financing, wallets, decentralized exchanges, etc.; The star public chain project Polkadot has launched 11 DeFi projects, including Rio Chain, MANTRA DAO, Polkswap, Stafi, Akropolis, etc., regarding mortgage loans, steady coins, etc.; In January of this year, Cosmos launched its initial DeFi task Kava, which includes pledged assets of approximately US$80 million in less than a week after launch. In July, Cosmos, Polkadot and the stablecoin task Terra jointly developed a new DeFi savings item, Anchor; The high-performance public chain platform Solana has also begun to deploy in the DeFi ecosystem. Along with cooperating using the decentralized oracle Chainlink and the decentralized swap DDEX, the cryptocurrency swap FTX also announced that it'll launch Solana-based decentralization in the next one or two weeks Chemical Exchange (DEX) Serum. Focusing on China, TRON, that is following the hotspot, recently launched three major DeFi platforms: lending system JUST Lend, decentralized trading system JUST Swap, and wBTC's TRON edition JUST BTC. In addition, there's also TRON DeFi tasks developed by community developers, such as OKS, which includes been creating a lot of noise recently. Prolonged reading: Justin Sun Defi makes power! Released TRON JUST item: Lending system swap wBTC, JST as soon as soared 45% Bytom also launched the DeFi process cluster MOV, which really is a decentralized value swap ecosystem with items including loan products, stablecoins, synthetic property, derivatives, etc. In June of this yr, the superconducting swap launched by MOV will introduce revolutionary mechanisms such as oracles and grid transactions in the foreseeable future; Ontology's DeFi design includes the issuance of stablecoin PAX based on the Ontology blockchain system, co-operation with DeFi software providers such as SALT Lending, LendChain, Ethereum and Polkadot's DeFi task to supply DID options, etc. The ecology primarily involves stablecoins, insurance plan, and lending. , Payment and other areas. As well as the general public chains mentioned above, there's also many general public chains which are also undergoing or will quickly carry out associated layouts. However, because of the brief participation time along with other reasons, weighed against the current general public chains, you can find very few DeFi projects that may be obtained. In the same relatively steady situation, too many individuals are concentrating on Ethereum, which makes the ecological construction of the public chain itself very hard. He Shengjun described. As time advances, the involvement of major general public chains will inevitably cause the DeFi boom to keep to ferment, which also has to be reminiscent of the risk of "unfinished" DApps. In this regard, He Shengjun, the chief researcher of Bytom, said bluntly the fact that "unfinished" craze of DApps is really a group problem dealing with general public chains. Lately, there were many tries and explorations in the execution of public chains. Since last year, DeFi will be the initial field of general public chains to steadily become a business consensus, and more and more general public chains have steadily entered the market. From your perspective of industrial development, this is a good thing. It shows that everyone has discovered a path to exert strength and no more time have to fumble at night. Of course, nearly all technological innovations encounter the issue of mismatch between the enthusiasm of practitioners and the amount of users in the commercial exploration period, especially for sophisticated blockchain technology. To solve this issue, the blockchain must walk out the circle, to truly get out of the current fairly narrow scene, and also the introduction of killer items to market the execution and commercialization of blockchain technologies. How to meet the diverse financial requirements? Weighed against Ethereum, whether it's building a DApp ecosystem or DeFi items, other competitive general public chains are much reduced. The DApp Market Report for the next One fourth of 2020 launched by DappRadar remarked that the amount of active users of Ethereum-based DApps has doubled from the prior quarter, with a cumulative overall of over 1 million. Ethereum is still the dominant gamer and can still easily beat its opponents. In accordance with DeBank information, the current DeFi lock-up volume is usually US$4.1 billion, of which the Ethereum-based DeFi tasks Maker, Substance and Synthetix are on the list of top three, and account for half of the total marketplace lock-up volume. At exactly the same time, DeFi Pulse information shows that the top 30 DeFi items are all from Ethereum.

Resource: DeBank In addition, Messari, a cryptocurrency data analysis platform, remarked that, attracted by DeFi and income cultivation, the amount of active Ethereum addresses exceeded 500,000. From the current point of view, the Ethereum DeFi ecosystem includes financing, savings, stable coins, DEX, wallets, infrastructure, analysis tools along with other fields, and have achieved good results. There is absolutely no doubt the fact that pleasure belongs to Ethereum. Nevertheless, the participation of major general public chains may also make DeFi more diverse. As we all understand, the scale from the financial market and the diversity of financial products could be a good measure of the degree of financial development. At exactly the same time, if DeFi really wants to end up being the "base" of open finance, it must carry diverse financial needs. This is also a problem that the root public chain has to face. In this regard, He Shengjun believes that DeFi is dependant on the blockchain, therefore the need to match diverse financial requirements is inseparable from the continuous improvement and evolution from the underlying technology. First of all, at the lending business, the functionality of the public chain may not be a problem that requires special attention. For that transaction business, especially the introduction of the transaction business from the purchase book matching around the chain, the performance issue must be solved. For example, the successful launch from the magnetic swap business in MOV is dependant on the successful advancement of the high-performance aspect chain Vapor with a TPS of over 10,000. Subsequently, the diversity of finance requires rich types of assets around the chain as support. At the moment, property in DeFi are usually basically electronic currencies, and the types of property are still slightly single. If in the foreseeable future we can effectively map off-chain property such as silver and goods onto the chain through asset synthesis along with other methods, it'll give a good soil for the advancement of diverse DeFi financial services. DeFi enters the "development pain period" Although DeFi looks like they have entered a period of pleasure and a good outbreak is just around the corner, it really is planting a good "untimely bomb". It is obvious to all that most from the DeFi tasks are developed on Ethereum. Although Ethereum will be blooming everywhere on DeFi, various problems have also adopted, such as the boosting congestion from the Ethereum system and the skyrocketing handling fees. In accordance with information from OKLink of Oukeyunchain, you can find currently 128,000 unconfirmed transactions on the complete Ethereum system, and the quantity of blockchain Gasoline is usually 79.61 Gwei. In general, whenever a DeFi gamer deploys a home loan loan contract, it actually just costs a few Gwei or so.

Source: Information tracked from the OKLinkSparkpool mining swimming pool shows that the daily income of Ethereum miners soared by a lot more than 60% inside a month, exceeding the ETH cost increase during the exact same period. At exactly the same time, based on the Block analysis, predicated on a 30-day rolling standard, the transaction charge income obtained by Ethereum miners in June had been near 17% of their total income, a record high. Actually Vitalik Buterin, the founder of Ethereum, has repeatedly stated in public that scalability is still a huge bottleneck for Ethereum, because the Ethereum blockchain is nearly full. As the utilization rate raises, the transaction cost of Ethereum raises, which makes potential enterprise users think twice when choosing the Ethereum blockchain. Further reading: Demand reform from the charging system! Vitalik warns: higher processing charges will threaten the protection of Ethereum Actually, these problems of Ethereum have been around for a long time, however the prosperity of DeFi has further magnified them. For DeFi, that is bound to seriously affect an individual experience, and the higher fees may also "drive apart" real users. The rapid growth of users and transaction volume in the DeFi marketplace is because of the upsurge of "liquid mining" set off by Compound, the DeFi project from the Ethereum series, which includes greatly promoted the rapid growth of users and transaction volume in the DeFi marketplace. This makes increasingly more DeFi methods use "liquidity mining" because the best way to obtain liquidity, but at exactly the same time, the growing speculative atmosphere is also hurting DeFi. For example, the EOS version of the first liquid mining DFS, the task attracted attention as soon as it went online, and within two hours of mining started, the transaction volume reached 1.4 million EOS. Nevertheless, due to mechanism design problems, DFS had been frantically snarled by "scientists" and speculators, and the state team had to change the rules three times a day. In the eyes of speculators and wool occasions, DeFi has become an arbitrage tool. However in the long run, the healthy advancement of DeFi will be inseparable from the true demand for use. At the moment, the essence of all liquid mining schemes would be that the task party subsidizes the user's behavior by distributing task tokens. So long as the benefits of this subsidy are usually higher than the user's mining costs, it will certainly draw in speculators to participate in mining. The structure from the liquid mining group can be roughly divided into three groups, namely the initial users from the task, the 100 % pure speculators, and the "swingers" in between. Native users will use the task regardless of whether they have liquidity mining or not. Liquidity mining is just an extra income for them; 100 % pure speculators come limited to profit. After the mining income is lower than their needs, they will Resolutely exit; Swingers are somewhere within this two. They come for mining benefits and also have potential must use projects. Consequently, swingers could be converted into true users through understanding of the task or education of usage behaviors. The goal of liquid mining would be to draw in swingers whenever you can and convert them into true users. He Shengjun told the author. At exactly the same time, he believes that pure speculators should stay away from their involvement in mining, but you don't have to go after absolute prohibition, because absolute prohibition can indicate that mining income is unattractive, which is difficult for swingers to attract them, and there is no method for swingers to convert. Talk. The main solution to control the percentage of 100 % pure speculators would be to set the number from the percentage of mining income to mining cost, and stay away from low-cost as well as zero-cost mining. The failure of DFS mining on EOS is principally because users can conduct transaction mining by trading their very own air coins. The price is low handling fees, and the income can reach a lot more than 10% of every day chemicals, and the cost and income are significantly unequal. In addition, the innovative style of the design can be used to determine the real use behavior whenever you can. For example, MOV has tried to use the tool "Bitian" to ensure the authenticity from the transaction whenever you can. As for the retention and conversion of real users, the project party must polish its products, and have its own characteristics and advantages over competing items. Concerning the long-term equalize from the development of "liquid mining", He Shengjun feels that this depends on liquid mining to market task business growth. After business growth, it can help maintain the development of the virtuous circle of liquid mining income. For example, Compound's liquidity mining. Although there are many speculators in its current mining, its income has also achieved a large-scale boost. According to current data, its overall annual interest will exceed 100 million US dollars. The development of business is particularly It is the increase in profitability which will maintain or increase the valuation from the task, thereby making sure the middle- to long-term execution from the mining plan. How to stability innovation and safety into DeFi or even being supervised and ¨sniped〃 by protection is really a commonplace question. At the moment, while DeFi innovation continues, security issues are increasingly growing, like the security of wise contracts and the volatility of collateral prices predicated on over-collateralization. Lots of people underestimate the risks of wise contracts. Its interest is much higher than that of a traditional bank account, which means that the risk of DeFi items is much higher, and the likelihood of "collapse" is a lot higher. Vitalik thinks. And Cao Yin, managing movie director from the Digital Renaissance Base, remarked that decentralized administration is the greatest threat to DeFi. As soon as users' interests are usually lost, they can not get corresponding payment. Success is also a block, and failure is really a block. Before three months, there were three major protection situations in DeFi: On April 18, Uniswap US$340,000 had been stolen; on April 19th, Lendf.me US$25 million was stolen, however the team was fighting with hackers. After negotiation, the money were returned "by chance"; on June 28, Balancer experienced a lightning loan attack and dropped nearly 450,000 US dollars. For a while, DeFi became a hacker's "cash machine." So far as DeFi is concerned, before security has not yet met the threshold of traditional finance, it really is bound to belong to the mire of have faith in. At that time, how will DeFi, which targets "trend of traditional finance", contend with traditional finance? In this regard, He Shengjun told the author that protection issues are the lifeblood of financial business and are thus very important. The security problems from the DeFi system can be viewed from two amounts. The foremost is the system degree. One of the important reasons for the frequent security problems of DeFi tasks on Ethereum would be that the Lego design is widely followed between DeFi on Ethereum. Lack of unified style and coordination between. Subsequently, from the task level, the task party should enhance safety awareness, make certain investment safely, and formulate a safety response mechanism. Financial applications should be fully tested. The launch and upgrade of financial products can adopt strategies such as stable iteration. In addition, since DeFi has broken through territorial supervision to a certain degree, and also surpassed national and local jurisdictions, it has to face the regulatory policies of various countries. For some nations with strict rules, how will DeFi respond? Certainly, the regulatory risk will be the sword of Damocles hanging on DeFi. Facing supervision is really a method for the task party to safeguard itself. Just by developing within the range of supervision can it make certain the stability from the task. Based on the requirements of public administration, the establishment of the registration and filing program for blockchain technologies providers continues the guidance of Internet governance. For example, Bytom took the prospect in implementing Bystack information processing in China, and participated in the formulation of blockchain standards from the Ministry of Market and IT and Zhejiang Province . In addition, the regulatory sandbox is also applicable to blockchain financial regulatory governance. In today's situation of higher risk and doubt, the regulatory sandbox has become a significant exploration approach for blockchain regulatory governance. Consequently, the DeFi task party can positively communicate with the regulator to go over the scope from the sandbox and business red lines. He Shengjun said.