1 BTC => 60.022,19¥ Bitcoin to Renminbi Yuan-converter ...

(Forward) Undertake Bitcoin, Litecoin, Ethereum, Earthcoin, Ripple, EOS, LINK, TEDA and other global mainstream digital currencies to exchange RMB business

(Forward) Undertake Bitcoin, Litecoin, Ethereum, Earthcoin, Ripple, EOS, LINK, TEDA and other global mainstream digital currencies to exchange RMB business, with a handling fee of 3%.
Process, After issuing the currency, after receiving the digital currency, it will be converted into RMB within about 1-3 hours. Send your Alipay/WeChat payment QR code and transfer it to you. (It can be tested with small coins at the beginning to increase trust.)
Contact QQ: 758795644. Bat: 3623046 ,[email protected].
( 转发) 承接比特币,莱特币,以太坊,地球币,瑞波币, EOS,LINK,泰达币等全球主流数字货币兑换人民币业务,手续费3%。
流程, 发币,收到数字货币之后,大概1-3小时之内兑换成人民币, 发你的支付宝/微信收款二维码,转账给你。 (开始可以小币测试,增加信任感。)
联系QQ:758795644.蝙蝠:3623046
submitted by zongyongge to Earthcoin [link] [comments]

Undertake Bitcoin, Litecoin, Ethereum, Earthcoin, Ripple, EOS, LINK, TEDA and other global mainstream digital currencies to exchange RMB business

(Forward) Undertake Bitcoin, Litecoin, Ethereum, Earthcoin, Ripple, EOS, LINK, TEDA and other global mainstream digital currencies to exchange RMB business, with a handling fee of 3%.
Process, After issuing the currency, after receiving the digital currency, it will be converted into RMB within about 1-3 hours. Send your Alipay/WeChat payment QR code and transfer it to you. (It can be tested with small coins at the beginning to increase trust.)
Contact QQ: 758795644. Bat: 3623046; Telegram: @earthcoincc
submitted by zongyongge to ltc [link] [comments]

First Political Donation from former Trump voter now #YangGang - A guide to convert more like me

First Political Donation from former Trump voter now #YangGang - A guide to convert more like me

https://preview.redd.it/ks6z03rmtim31.png?width=1058&format=png&auto=webp&s=19ba45bdfd76c86918c81a37f99fe4d7cba0cc4e
Hello Yang Gang! You might be wondering:
  1. How did a Trump voter turn Yang Gang?
  2. How did someone who would NEVER donate to ANY political campaign end up donating to Yang?
  3. How to replicate this transformation in other voters in my demographic using social proof and the spirit of our times.
From Trump Train to Next Stop: #YangGang
My vote for Trump in 2016 was more of a vote against Hillary. I won't get into my reasonings, as this is outside the scope of this post. But I'm sure a sizeable percentage of Trump voters voted for him not because they worshipped "The God Emperor", but because they thought a political outsider would actually come in and "drain the swamp" to end corruption and pay-to-play politics in Washington.
Has that happened in Trump's first term? Some would argue yes, others would argue no, but the important point to note here is that still most folks don't really care, because like what Whoopi was arguing is how is any of it going to positively effect my living situation and my community?
The Hook: Some Asian Guy Running For President Is Literally Going To Give You $1,000 a Month
In terms of marketing, this has everything. It's what got Yang on my radar in the first place. This message is a great hook to grab the attention of new potential voters.
Some Asian Guy Running For President...
This has tremendous novelty and speaks to the multicultural nature of America these days, and especially those feel strongly about "identity politics". There hasn't been a viable Asian candidate for president before, so this in itself is compelling.
...Is Literally Going To Give You $1,000 a Month
Here's where the hook sinks in deep, because if this turns out to be true and not a scam (and people do their research when money and potential windfall is involved) people will passionately fight to make this a reality. Why?
Because there is literally no other candidate running who could more directly impact the lives of Americans than one who will actually put $1,000 a month directly into your bank account.
That's a powerful hook, and the YangGang is right to use it as the flagship policy.
The Turning Point: "It's not immigrants, it's the robots."
Andrew Yang talks about the lightbulb moment when he drops this line on folks in person and on stage. Once someone says it to you, and you understand it, it becomes so blatantly, obviously true that you cannot go back to your previous method of thinking. You then realise how stupid building a wall with Mexico is. You then realise that Amazon is the model for future entrepreneurs. You then realise that the income base that the country depends on comes from jobs that will be automated away. You then start wondering what that will do to your community, and the economy as a whole.
Then the Freedom Dividend really starts to look even more appealing!
Truck drivers are not going to #LearnToCode.
Pregnant mothers are not going to work while pregnant (nor should they be compelled to).
But the bills still have to be paid. How is that going to happen if there are fewer and fewer jobs left for humans?
Seriously now, what are the alternatives?
You've seen Trump. You know what you are going to get for the next 4 years if he wins in 2020. The rest of the Democratic field is so weak, so weak it is really really sad. Who would go see Joe Biden speak in public? Who would carry water for Buttigieg? Who would not cringe a single time while enduring a speech by Cory "Phony Douche" Booker? Who would not wonder what presidential power would do to a person like Kamala Harris, who knowingly withheld information that would have set an innocent man free on death row?
Sealing the Deal: Now 100% #YangGang
What sealed the deal for me was Trump's now infamous and awfully misinformed anti-Bitcoin and anti-Cryptocurrency tweet, where he says:

I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity...
This statement is so dumb, but so freaking dumb, that it is mind-boggling to ANYONE who understands the value proposition of cryptocurrency and blockchain based products and services. Fiat currencies (USD, EUR, RMB) are based on thin air. They are literally printed on huge machines out of thin air. USD is the #1 currency BY FAR that facilitates illicit activities worldwide, from money laundering to terrorism financing, to trafficking and other horrible things. Because cash is not easily traceable.
By contrast, blockchain based cryptos have this thing called a "blockchain" (lol really?) in which EACH transaction in HISTORY is tracked publicly FOREVER. Not so good for illegal activity, is it?
Bitcoin and Ethereum are backed by real monetary and computational networks as open, public and distributed systems. They represent a global public good, and so far only Andrew Yang has spoken intelligently about their potential in blockchain based voting.
So, when Trump came out with this tweet, I personally saw droves of Trump supporters ditching him like a bad habit on Sunday. It was shocking. To see diehard Trumpers just get off the Trump Train like that, over one anti-crypto Tweet, was amazing to see. Thinking about it, many of Trump supporters are anarcho-capitalist-libertarians, who believe wholeheartedly in the promise of blockchain. When faced with the decision of crypto or Trump, the decision was easy.
Crypto has a chance of directly positively impacting the lives of these voters. Trump, not so much. So that brings me to my point:
#YangGang should reach out to the cryptocurrency community to gain traction and voters. (More on this further down)
OK, I Want My Grand A Month Now. (How a die-hard non-campaign contributor just threw 10 bucks to Yang, because the investment is ROI positive. It's the MATH!)
If you are an entrepreneur like me, you pay a lot of attention to incentives and game theory. People lie, numbers don't. The reason I say that is because you can gain truer insight into someone's motivations (and future action) by looking at: How they spend their money; How they act in order to gain money; and what they do in order to avoid losing money.
Most people don't donate to a politician's campaign because they cannot see a clear Return on Investment (ROI) from doing so. Even if that politician does get elected, if you aren't one of these mega-doners that got face-time with the candidate to push your pet project pay-to-play scheme, you won't see ROI. That changes with Yang's Freedom Dividend (and Democracy Dollars). If Yang wins, I get my $1,000 a month. My $10 investment gets 100X return in just the first month of the dividend. That's what motivated me to donate to Yang's campaign.

How to convert Trump Train Riders - who are sick of the view and the smell - To Join #YangGang

  1. Hit 'em with the Hook. It's what got me. Tell them about the Freedom Dividend. Pure self-interest and novelty will drive them to do more research. This is the flagship issue, I would say even Yang's "Brand" and it is working so far, so keep at it.
  2. Try to reach Trump voters directly with the hook, and talk about Trump's position on crypto vs. Yang's. An estimated 10-15% of Americans have invested in crypto. This group is very passionate, and they will for sure vote for a candidate that is knowledgeable about blockchain and has a positive attitude about it.
  3. Add more clarity to Yang's policy on crypto assets. Namely: How will Crypto be taxed in the USA? Do you support the Token Taxonomy Act? Will Crypto-Crypto trades be taxed? Is there going to be a de minimus exception? How will Crypto-Fiat trades be taxed? How will purchasing goods and services with crypto be taxed? What about Initial Coin Offerings? Security Token Offerings? Blockchain Based National IDs? Blockchain Voter Registration and Voting? Tokenization of bonds, commodities, and other assets? Crypto Derivatives? I guarantee if Yang clarifies these points he will gain huge traction with the crypto communities, and might just get that diehard 10-15% to vote for him - which would tip the election in his favor.
  4. Start a Telegram Channel
  5. Social Proof Social Proof Social Proof : Elon's Tweet was amazing. If Yang can collect more influencers he can collect more voters
  6. Keep up the ground game: Phonebanking and in-person promotion of Yang's candidacy in key swing states is obviously needed, and it's being done by you fine folks from his campaign. Thanks!
  7. Always be the Adult in the room. Use reason, logic, and facts to defeat opponent's empty attacks. Point out how much of a farce politics are, the that the only candidate who isn't just spouting useless talking points is Yang.
Thanks for reading!
submitted by gfunksound to YangForPresidentHQ [link] [comments]

Chinese authorities are testing the digital yuan: is it worth waiting for the digital dollar?

Chinese authorities are testing the digital yuan: is it worth waiting for the digital dollar?

Chinese authorities are testing the digital yuan: is it worth waiting for the digital dollar?
The development of the digital renminbi is proceeding rapidly: a few days ago it became known that companies and customers of the largest banks in several cities of China were testing it. Moreover, corporations such as McDonald’s and Starbucks will take part in the test, among others. + Why is China in a hurry to release a national cryptocurrency, at what stage is development and why its main opponent is not Bitcoin or Libra from Facebook, but the US dollar, DeCenter found out.
For a long time, almost nothing was known about China’s national digital currency (DCEP), or the digital renminbi, except that the Chinese authorities were working on it. Information was officially confirmed only in 2018. Moreover, it turned out that research and development has been ongoing since 2014. And in the summer of 2019, the deputy head of the department of the National Bank of China (NBK) Mu Changchun, who is called the main ideologist of the digital renminbi project in power, said that he was “almost ready.” This was preceded by the sensational announcement of the cryptocurrency project Libra from Facebook, which officials in many countries took with hostility.
As DeCenter wrote, cryptocurrencies have pushed the Chinese authorities to create DCEP by the growing competition with fiat currencies. Despite the formal ban on cryptocurrency exchanges and ICOs, Chinese people are still actively using crypto assets. The digital yuan could be an alternative to decentralized coins. In addition, the main capacities of world mining of the Bitcoin network are concentrated in China, the blockchain startup industry is developing rapidly and with government support. Such a contradictory and motley picture.
According to the professor of Fudan University, Michael Song, the real impetus for accelerating the development of the digital renminbi was not so much the Libra coin, but the keynote address by President Xi Jinping in October 2019. Then he called on officials to “make every effort” to develop the blockchain and introduce solutions based on it into the real economy. At the same time, Xi noted the importance of implementing technology in digital finance. According to Song, this was a signal for central authorities to accelerate the release of DCEP and facilitate its distribution in China and beyond.
Mobile App First
But the real details about the digital yuan became known recently, in April. Then, WeChat published screenshots from the test mobile application of the Agricultural Bank of China (SBC) for operations with DCEP. Some of the application’s functions were visible on the screenshots: wallet, function of payment via QR-code (a popular payment method in China), receiving and sending money, as well as “pairing” wallets of two users for transactions through convergence of devices (probably using NFC-technology)
Mobile app interface for the RMB.
Later, the NBK confirmed the authenticity of the screenshots and added that the digital renminbi is being tested in cooperation with several commercial banks, and its territory is limited to four major cities. As The Block later clarified with reference to Chinese media, in one of the cities — Suzhou — municipal officials in May will receive half of the subsidies for travel on public transport in “digital yuan”.
The authorities did not disclose the official launch date for DCEP, but added that the next test of the digital national currency will be held in 2022, during the Beijing Winter Olympics. Probably, then the scale of the test will be much larger and will also affect foreign citizens.
It is curious that on the same day, the State Committee for Development and Reforms of the PRC — the former Gosplan, now in charge of strategic economic planning, announced the inclusion of blockchain in the national technology development strategy. Now it is a priority for the state along with other promising areas, such as artificial intelligence, cloud computing and the Internet of things.
Commerce and trading in the digital yuan
The NBK is not limited to banks and individual users of the digital yuan: thanks to a report from the Chinese publication InterChain Pulse, another test was revealed, but with the participation of almost two dozen companies. The project will be held on the territory of the New Xun’an District (something like a special economic zone, but an urban type).
The project includes companies in the field of catering, retail, transport and entertainment. The list also includes American companies McDonald’s, Starbucks and Subway, as well as a number of local chains: fast food Qingfeng Baozi, supermarkets JD (operated by the leading online retailer of the same name in China), Jinfeng cafe and others. Four state-owned banks provide financial infrastructure, as well as fintech giants Ant Financial (formerly Alipay) and Tencent. Administrative support is provided by local governments.
Xun’an — a kind of testing ground for the “digital city”. All government services have already been digitized here, 5G mobile networks, unmanned vehicles and much more are used. At the end of March, a blockchain laboratory was opened in the city, which will be engaged in the implementation of DLT-based solutions in urban infrastructure and services.
At the same time, InterChain Pulse did not provide data on the date of the start of the digital renminbi experiment in Xiongang or the timing of its implementation.
Ram against the dollar
Given that the digital yuan is a project of the Chinese authorities, it is not surprising that, in addition to domestic economic interests, they also pursue political goals. Namely, the victory over the global “hegemony” of the US dollar. So, the DCEP developer Mu Changchun in September last year said that “the digital yuan is necessary for China to protect the monetary sovereignty of the country”.
The Ledger Insights portal cites an article by the Chinese political science center Zero One Think Tank, which states that the digital yuan will help “internationalize” the Chinese currency. In particular, through transactions in large-scale foreign economic projects of the PRC. Among them is the One Belt, One Road initiative, which brings together many of China’s neighbors as part of the Silk Road Economic Belt and the 21st Century Sea Silk Projects. High scalability of DCEP will solve the problem of increasing the share of settlements in RMB in foreign trade. So far, China has failed.
State-owned Chinese companies already have the infrastructure needed for cross-border operations in the digital yuan. For example, last fall, the Chinese Construction Bank (the third largest in China) released the second version of its financial blockchain platform for international settlements after the volume of operations on it exceeded $ 50 billion. The platform users are mainly foreign banks and Chinese exporters.
All four major Chinese state banks, which recently announced their participation in the project for the commercial testing of the “digital yuan” in Xiongang, have their own foreign trading platforms based on a distributed registry.
Digital dollar
The U.S. currency really dominates global finance: in 2019, 90% of international transfers and 60% of government reserves were in US dollars, while the yuan in both segments accounted for only 2%. Such data are quoted by Voice of America.
The dollar is needed by private companies and banks to hedge the risks of depreciation of national currencies in international transactions. However, the widespread use of the dollar also gives the US government leverage — for example, with the introduction of economic sanctions.
The emergence of alternative international currencies could undermine US influence. In a commentary on Voice of America, Special Assistant to the President Tim Morrison expressed confidence that Beijing’s intention to “dominate this new financial technology should be alarming”, referring to cryptocurrencies.
Apparently, while the US authorities do not plan to issue their own digital dollar.
In late February, speaking in the Senate, US Treasury Secretary Stephen Mnuchin said that Washington does not intend to issue a national cryptocurrency at this time, but may return to this issue in the future.
The day before Mnuchin’s statement, Jerome Powell, the head of the US Federal Reserve System, spoke in the House of Representatives. Congressmen called on him and colleagues in the government’s financial bloc to step up work on the digital dollar until they got ahead of the Chinese. To this Powell replied that the conditions in the USA and China are different: “For example, the idea of a registry where everyone will see each other’s transactions is unlikely to be attractive in the context of the United States. This is not a problem for China.”
As for Libra, last year’s announcement of which was accompanied by mass criticism of Western officials, on April 20 an updated version of the white paper project was released. In the new document, the developers officially abandoned the concept of a single global stablecoin, decentralization and anonymity and pledged to comply with all regulatory requirements.
submitted by Smart_Smell to Robopay [link] [comments]

DIFFERENCE BETWEEN FIAT AND CRYPTO

• Fiat Currency is backed by Governments/Countries itself. What determines the value of a currency is the economic health, demand, growth, political stability to name a few, of the respective country. Before 1930, most fiat currencies were backed by gold and silver.
• Since 1971, U.S. citizens have been able to utilize Federal Reserve Notes as the only form of money that for the first time had no currency with any gold or silver backing. This is where you get the saying that U.S. dollars are backed by the “full faith and credit” of the U.S. Government - quoted in google.com.
• What backs crypto value is purely supply and demand. The demand creation of a crypto is its sole objective. To create demand, the crypto has to have a purpose. And most purpose commonly promoted is utility. The number of ways you can utilize the said crypto. The more utilization factors the more demand there is for it.
• There are other ways to substantiate value of a crypto and that is to back the crypto with a 1 to 1 ratio in assets or in USD. Then the question is, how 3,000 crypto currencies in circulation be monetary eco sustainable? Can anyone imagine walking into McDonald and view a chart of 3,000 different pricing? Which also means the crypto is a payment gateway pegging against USD instead of bearing any true characteristic of a currency.
• A country’s currency is in its own legit form of legal tender, the only currency acceptable under financial sovereigns of a country. People in the world must be made to understand that. Retailers in Thailand cannot put up products price tags in EUROS/USD, it is illegal. It has to be in Thai Baht.
• It is hardly imaginable for everyone in the world to retail with a Crypto-Currencies at a rate of 7 transactions per second. When mining nodes are reduced due to non-performing mining ratio, mining blocks in the Blockchain will significantly be limited too, rendering delays in transactions while usage increases.
• In time to come, as trends of crypto picks up, Thailand can issue BAHT COIN or UK the STERLING COIN, exactly what China wishes to do. Digital RMB, but would such crypto currencies be fully decentralized? We all have our answers. Absurd to even think of producing Thai Baht, Pound Sterling or Chinese Yuan at the cost of electricity. It is currencies in digital forms.
KRATSCOIN is not meant for that purpose. In some opinion, apart from utilization, a crypto can be for safekeeping, an entity for keeping money while allowing easy liquidation, at a click of a mobile button, not to mention sending or transferring without the trouble of going to banks, which was the original purpose of Bitcoin to begin with. Therefore, KRATSCOIN would be better termed as Crypto Commodity, sharing similarities as Metal Commodities.
An individual cannot use gold to make a purchase, neither can one eat gold. It can only be kept or invest in for appreciative value over time. Gold is being exampled for its scarcity which reasons for its higher value over its cousin, silver or bronze. Who or what determines the value of gold? Just like any other crypto, demand by humanity. As in all other commodities, it must also be placed in checks by governments. To put in checks, serial numbers are introduced to protect a country’s commodities outflows or illegal exports.
Humanity made Bitcoin a reality. Acceptance by the majority members of the public made Bitcoin to what is it today with the trust they entrusted it with, or is the majority public hopping on the band wagon to make a few quick extra bucks? Whatever the reasons are, the characteristics of Crypto Currencies are only matched by the behavior of Commodities.
SERIALIZED COINS - WHAT IT MEANS FOR THE PUBLIC: Every currency has its own remarkable name, design and colors. Dollars, Euros, Pound, Tugrik, Peso, Rupee, Rupiah, Dina, Ringgit, Baht and the list carries on. One thing every currency have in common - Serial Numbers.
In any crime, investigators will firstly establish motives and mode of operation, both of which are very likely related to money. So following the money trial is a natural thing to do for investigators/authorities and it has become a common practice. Crimes require funding ie robbers need money to buy guns to carry out its robbing activities. Cutting off financing will reduce criminal activities. That’s the approach governments of the WORLD have adopted for crime fighting.
Perhaps people do not realize this while most do not feel the pinch. Humanity tends to take life for granted until apocalypse happens. Take a minute to visualize the tallest tower in your homeland collapse into a pile of dust with thousands of casualties effecting everything else that comes to mind. Imagine a family member, just 1 is enough, is among those casualties.
• Imagine if monetary system is not in place and drug dealers, among many, roam the earth freely distributing what can be death threatening substance to your kids. What if you are mugged of your inheritance [items left to you by your father] that is beyond retrieval? As for crypto enthusiast, what if your wallet gets hacked as even the mighty Pentagon gets hacked. All the above can go away if the crypto system leaves a trail for hound dogs to sniff out. Money Trail or Serial Codes Trail to be exact.
• Citizens rely on governments and their countries to do what is best for them to lead their daily lives, flourish, advance, improve and strive but at the same time, citizens want to take away the single most important thing deemed crucial in the hierarchy of humanity from governments with additional boastful remarks such as “I transferred $400 million from one corner of the earth to another corner in a single transaction and no governments can do anything about it”.
• In-short, to boast unregulated financial movement is to arrogantly promote crime without realizing it while challenging the world’s monetary authority. Oldest advice in the book teaches us never to pick a fight we can’t win.
• Serial Coded Coins does not take away the financial movement freedom nor does it take away your privacy. It merely provides Authorities the necessary means needed for crime prevention and fighting. It only re-inforce security and safety. SERIALIZED COINS - WHAT IT MEANS FOR GOVERNMENTS: • Governments are relentlessly trying to find new ways to keep track of crypto transactions. Crypto Currency Exchanges, just like all other Financial Institutions and Banks, are required to practice the most stringent Know Your Customer (widely known as KYC) process. The KYC is designed to provide governing agencies and authorities with information pertaining to crypto ownerships.
• But no governments can have information on Peer-to-Peer (also known as P2P) transactions unless the government in question launch a full scale Federal Investigation on certain suspected individuals seeking Wallet Developers to unveil the ownership of certain wallet addresses. Do not forget, National and Global Security trumps Privacy Act. Refusal to co-operate under the pretext of Global or National Security will only result in an out-right ban, which is exactly what happened to Blackberry.
• Questions to Governments – What if Wallet Developers or Crypto Exchanges shuts down which can happen for various reasons be it foul-play, sinister or forcefully under threat? What if servers are damaged and ruined? An EMP strike or a simple magnet can make it happen. Information/identities of suspected customers of such addresses shall be lost forever and along with it the Money Trial.
• The most probable way of evading Authorities with crypto assets are developing an e-wallet for own illicit purpose. Since the cost of developing an e-wallet is relatively low in considerable cost to hiding, what can governments do to flush out these ants from the vast networks of tunnels?
• With Serialized Coded Crypto Assets, it doesn’t matter if servers of Exchanges or Wallets are destroyed. The Serial Codes of each token/coin enables governments of every participating country to track both origin and destination by identifying records of each token/coin in wallet address. It can disappear into a cold wallet but emerging some place later yet Authorities can still detail which particular token/coin has at one moment of time been into which wallet, on what day and date.
• If the battle of financial crimes can be resolved with a simple Serialize Coded Crypto Asset, the eradication of corruptions, money laundering, unlawful proceeds and terrorism financing will be made possible. Criminals can no longer exploit the genius creation of Sathoshi – Blockchain and Crypto-Currencies.
• Global Security, Anti-Terrorism Financing and Money Laundering could just be excuses granting government agencies the need to have access to financial information in the Monetary System. Nonetheless, it is in the interest of every nation that capital outflow is controlled. Capital Outflow is most frequent when the economy of a country is deteriorating. In the face of an economy meltdown, monetary flow is most needed and yet citizens tend to transfer monies further away illegally from their own country in an act of selfishness. This would not be tolerated by any country. Serial Coded Coin shall prove this attempt futile.
• In most part of Asian Countries, many crypto-currency mining operations are carried out illegally. The legality sits on thin fine line where Authorities can pin only stealing of electricity as a major concern to the respective country. Since most Power Companies belongs to the Country in one way or another, it is financially damaging to Power Producers and Utility Suppliers. Serial Codes can determine if the KRATSCOIN is mined legally or illegally making it difficult for miners or mining farms to mine crypto while avoiding making electricity payments. Will this deterrent disrupt the chain of KRATSCOIN supply? That’s not how Blockchain Tech works. TAXATIONS - WHAT IT MEANS FOR PUBLIC AND GOVERNMENTS: • Taxation cannot be imposed on “Illegal & Unlawful Proceeds” instead confiscation is enforced in many countries. Origins or proceeds of Serialized Coded Crypto Assets can be easily identified by the Serial Codes in-conjunction with the Blockchain. This exercise can evidently proof the legitimacy of the aforesaid token/coin. By “Illegal & Unlawful Proceeds” also refers to crypto coins obtained via illegal mining operations.
• Taxation on Crypto Assets are calculated on profits deriving from the sale/disposal of the crypto Assets. If we are small crypto believers, the amount of taxation rendered by Inland Revenue will be insignificant. Why risk Freedom of Life over Freedom of Small Monies. If we are big crypto believers, taxation on Serialized Coded Coins can be considered added security to your assets protection.
• By adopting Serialized Crypto Assets, declaration is made easily possible via proof of token/coin origin via the Blockchain. If the Authorities can know where our crypto assets come from, the Authorities will know where it will disappear to. It is taxation cum insurance in one tiny sum. This added security with freedom feature will encourage self-declarations of crypto assets to Authorities and Agencies. PRIVACY & ANONIMITY: • Many may be skeptical of their wealth being tracked and monitored. But in this era of technological advance society, everything we touches has our signature. Banks, iPhones, Samsung Mobiles, Google, Facebook, Whatsapp, WeChat, LINE, Viber, Facebook, Properties, Utilities. Almost everything. It is to this fact that there is a need for Privacy Protection Act.
• As explained before, Crypto Currency Exchange KYC procedures is designed to expose the identity of Crypto Assets ownership. The Blockchain is supposed to serve as a transparent information platform. The question of privacy over Serialized Coded Coins does not exist, it does not make Serialized Coded Coins ownership any less private.
• Ownership of wallet addresses shall always remain anonymous while the only way Authorities can get to it is through Wallet Developers by virtue of Global/National Security Threats or by a Court Order as per the Privacy Protection Act. SAFETY & SECURITY (CODED CRYPTO VS FIAT + COMMODITIES): • No human mind can memorize the millions of serial numbers printed on fiat currencies. The records of Serialized Coded Coins will forever be in the Blockchain embedded within each transaction from wallet to wallet.
• Serialized Commodities such as gold can be melted down. Diamonds recrafted. Fiat double printed. But not Serialized Coded Crypto Assets.
• Should an accessory system be added into the KRATSCOIN Blockchain, allowing reports on criminal activity be made within the Blockchain, notifying all ledgers of certain stolen Serial Coded Coins, enabling WARNINGS and forbidding next transaction of that particular Serial Coded Coin, wouldn’t this function enhance protection. A theft deterrent function which can never be achieved with physical gold, diamonds or fiat. KRATSCOIN SUMMARY: • Most crypto currencies have not reach a level of security alert for governments. This could be the only reason why a possible ban has not been discussed. China and India has begun efforts to control or ban crypto currencies in their quest to combat capital outflow, writer’s personal opinion. The EU has stopped Libra from implementation. “A company cannot be allowed Authoring Power for issuance of currencies” quoted the governments. KRATSCOIN is fully decentralized with no ownership nor control by any country, company or individual. Once again, the beauty of Bitcoin decentralization concept prevails.
• “There is no such thing as a world currency. However, since World War II, the dominant or reserve currency of the world has been the U.S. dollar” quoted in google.com.
• Most countries have “Foreign Reserves” as backing to a country’s fiat currency. It is a mean of “back up” attempt should all factors above mentioned leading to the value of their currencies collapse. Then what will happen if the Country of the Foreign Reserves collapse?
• Serial Coded KRATSCOIN belongs to no one, no country, no company and therefore theoretically shall not be effected by politics, war or global economy meltdown yet everyone, every country and every government is able to benefit from KRATSCOIN.
"Quoted by" https://lintangnews.com/ada-kratscoin-ini-bedanya-dengan-bitcoin/ https://0xzx.com/201910111244312902.html https://news.tokocrypto.com/tag/kratscoin-ktc/ http://bbs.tianya.cn/post-lookout-836105-1.shtml https://zhuanlan.zhihu.com/p/84844615
submitted by xia112 to Bitcoin [link] [comments]

DIFFERENCE BETWEEN FIAT AND CRYPTO

• Fiat Currency is backed by Governments/Countries itself. What determines the value of a currency is the economic health, demand, growth, political stability to name a few, of the respective country. Before 1930, most fiat currencies were backed by gold and silver.
• Since 1971, U.S. citizens have been able to utilize Federal Reserve Notes as the only form of money that for the first time had no currency with any gold or silver backing. This is where you get the saying that U.S. dollars are backed by the “full faith and credit” of the U.S. Government - quoted in google.com.
• What backs crypto value is purely supply and demand. The demand creation of a crypto is its sole objective. To create demand, the crypto has to have a purpose. And most purpose commonly promoted is utility. The number of ways you can utilize the said crypto. The more utilization factors the more demand there is for it.
• There are other ways to substantiate value of a crypto and that is to back the crypto with a 1 to 1 ratio in assets or in USD. Then the question is, how 3,000 crypto currencies in circulation be monetary eco sustainable? Can anyone imagine walking into McDonald and view a chart of 3,000 different pricing? Which also means the crypto is a payment gateway pegging against USD instead of bearing any true characteristic of a currency.
• A country’s currency is in its own legit form of legal tender, the only currency acceptable under financial sovereigns of a country. People in the world must be made to understand that. Retailers in Thailand cannot put up products price tags in EUROS/USD, it is illegal. It has to be in Thai Baht.
• It is hardly imaginable for everyone in the world to retail with a Crypto-Currencies at a rate of 7 transactions per second. When mining nodes are reduced due to non-performing mining ratio, mining blocks in the Blockchain will significantly be limited too, rendering delays in transactions while usage increases.
• In time to come, as trends of crypto picks up, Thailand can issue BAHT COIN or UK the STERLING COIN, exactly what China wishes to do. Digital RMB, but would such crypto currencies be fully decentralized? We all have our answers. Absurd to even think of producing Thai Baht, Pound Sterling or Chinese Yuan at the cost of electricity. It is currencies in digital forms.
KRATSCOIN is not meant for that purpose. In some opinion, apart from utilization, a crypto can be for safekeeping, an entity for keeping money while allowing easy liquidation, at a click of a mobile button, not to mention sending or transferring without the trouble of going to banks, which was the original purpose of Bitcoin to begin with. Therefore, KRATSCOIN would be better termed as Crypto Commodity, sharing similarities as Metal Commodities.
An individual cannot use gold to make a purchase, neither can one eat gold. It can only be kept or invest in for appreciative value over time. Gold is being exampled for its scarcity which reasons for its higher value over its cousin, silver or bronze. Who or what determines the value of gold? Just like any other crypto, demand by humanity. As in all other commodities, it must also be placed in checks by governments. To put in checks, serial numbers are introduced to protect a country’s commodities outflows or illegal exports.
Humanity made Bitcoin a reality. Acceptance by the majority members of the public made Bitcoin to what is it today with the trust they entrusted it with, or is the majority public hopping on the band wagon to make a few quick extra bucks? Whatever the reasons are, the characteristics of Crypto Currencies are only matched by the behavior of Commodities.
SERIALIZED COINS - WHAT IT MEANS FOR THE PUBLIC: Every currency has its own remarkable name, design and colors. Dollars, Euros, Pound, Tugrik, Peso, Rupee, Rupiah, Dina, Ringgit, Baht and the list carries on. One thing every currency have in common - Serial Numbers.
In any crime, investigators will firstly establish motives and mode of operation, both of which are very likely related to money. So following the money trial is a natural thing to do for investigators/authorities and it has become a common practice. Crimes require funding ie robbers need money to buy guns to carry out its robbing activities. Cutting off financing will reduce criminal activities. That’s the approach governments of the WORLD have adopted for crime fighting.
Perhaps people do not realize this while most do not feel the pinch. Humanity tends to take life for granted until apocalypse happens. Take a minute to visualize the tallest tower in your homeland collapse into a pile of dust with thousands of casualties effecting everything else that comes to mind. Imagine a family member, just 1 is enough, is among those casualties.
• Imagine if monetary system is not in place and drug dealers, among many, roam the earth freely distributing what can be death threatening substance to your kids. What if you are mugged of your inheritance [items left to you by your father] that is beyond retrieval? As for crypto enthusiast, what if your wallet gets hacked as even the mighty Pentagon gets hacked. All the above can go away if the crypto system leaves a trail for hound dogs to sniff out. Money Trail or Serial Codes Trail to be exact.
• Citizens rely on governments and their countries to do what is best for them to lead their daily lives, flourish, advance, improve and strive but at the same time, citizens want to take away the single most important thing deemed crucial in the hierarchy of humanity from governments with additional boastful remarks such as “I transferred $400 million from one corner of the earth to another corner in a single transaction and no governments can do anything about it”.
• In-short, to boast unregulated financial movement is to arrogantly promote crime without realizing it while challenging the world’s monetary authority. Oldest advice in the book teaches us never to pick a fight we can’t win.
• Serial Coded Coins does not take away the financial movement freedom nor does it take away your privacy. It merely provides Authorities the necessary means needed for crime prevention and fighting. It only re-inforce security and safety. SERIALIZED COINS - WHAT IT MEANS FOR GOVERNMENTS: • Governments are relentlessly trying to find new ways to keep track of crypto transactions. Crypto Currency Exchanges, just like all other Financial Institutions and Banks, are required to practice the most stringent Know Your Customer (widely known as KYC) process. The KYC is designed to provide governing agencies and authorities with information pertaining to crypto ownerships.
• But no governments can have information on Peer-to-Peer (also known as P2P) transactions unless the government in question launch a full scale Federal Investigation on certain suspected individuals seeking Wallet Developers to unveil the ownership of certain wallet addresses. Do not forget, National and Global Security trumps Privacy Act. Refusal to co-operate under the pretext of Global or National Security will only result in an out-right ban, which is exactly what happened to Blackberry.
• Questions to Governments – What if Wallet Developers or Crypto Exchanges shuts down which can happen for various reasons be it foul-play, sinister or forcefully under threat? What if servers are damaged and ruined? An EMP strike or a simple magnet can make it happen. Information/identities of suspected customers of such addresses shall be lost forever and along with it the Money Trial.
• The most probable way of evading Authorities with crypto assets are developing an e-wallet for own illicit purpose. Since the cost of developing an e-wallet is relatively low in considerable cost to hiding, what can governments do to flush out these ants from the vast networks of tunnels?
• With Serialized Coded Crypto Assets, it doesn’t matter if servers of Exchanges or Wallets are destroyed. The Serial Codes of each token/coin enables governments of every participating country to track both origin and destination by identifying records of each token/coin in wallet address. It can disappear into a cold wallet but emerging some place later yet Authorities can still detail which particular token/coin has at one moment of time been into which wallet, on what day and date.
• If the battle of financial crimes can be resolved with a simple Serialize Coded Crypto Asset, the eradication of corruptions, money laundering, unlawful proceeds and terrorism financing will be made possible. Criminals can no longer exploit the genius creation of Sathoshi – Blockchain and Crypto-Currencies.
• Global Security, Anti-Terrorism Financing and Money Laundering could just be excuses granting government agencies the need to have access to financial information in the Monetary System. Nonetheless, it is in the interest of every nation that capital outflow is controlled. Capital Outflow is most frequent when the economy of a country is deteriorating. In the face of an economy meltdown, monetary flow is most needed and yet citizens tend to transfer monies further away illegally from their own country in an act of selfishness. This would not be tolerated by any country. Serial Coded Coin shall prove this attempt futile.
• In most part of Asian Countries, many crypto-currency mining operations are carried out illegally. The legality sits on thin fine line where Authorities can pin only stealing of electricity as a major concern to the respective country. Since most Power Companies belongs to the Country in one way or another, it is financially damaging to Power Producers and Utility Suppliers. Serial Codes can determine if the KRATSCOIN is mined legally or illegally making it difficult for miners or mining farms to mine crypto while avoiding making electricity payments. Will this deterrent disrupt the chain of KRATSCOIN supply? That’s not how Blockchain Tech works. TAXATIONS - WHAT IT MEANS FOR PUBLIC AND GOVERNMENTS: • Taxation cannot be imposed on “Illegal & Unlawful Proceeds” instead confiscation is enforced in many countries. Origins or proceeds of Serialized Coded Crypto Assets can be easily identified by the Serial Codes in-conjunction with the Blockchain. This exercise can evidently proof the legitimacy of the aforesaid token/coin. By “Illegal & Unlawful Proceeds” also refers to crypto coins obtained via illegal mining operations.
• Taxation on Crypto Assets are calculated on profits deriving from the sale/disposal of the crypto Assets. If we are small crypto believers, the amount of taxation rendered by Inland Revenue will be insignificant. Why risk Freedom of Life over Freedom of Small Monies. If we are big crypto believers, taxation on Serialized Coded Coins can be considered added security to your assets protection.
• By adopting Serialized Crypto Assets, declaration is made easily possible via proof of token/coin origin via the Blockchain. If the Authorities can know where our crypto assets come from, the Authorities will know where it will disappear to. It is taxation cum insurance in one tiny sum. This added security with freedom feature will encourage self-declarations of crypto assets to Authorities and Agencies. PRIVACY & ANONIMITY: • Many may be skeptical of their wealth being tracked and monitored. But in this era of technological advance society, everything we touches has our signature. Banks, iPhones, Samsung Mobiles, Google, Facebook, Whatsapp, WeChat, LINE, Viber, Facebook, Properties, Utilities. Almost everything. It is to this fact that there is a need for Privacy Protection Act.
• As explained before, Crypto Currency Exchange KYC procedures is designed to expose the identity of Crypto Assets ownership. The Blockchain is supposed to serve as a transparent information platform. The question of privacy over Serialized Coded Coins does not exist, it does not make Serialized Coded Coins ownership any less private.
• Ownership of wallet addresses shall always remain anonymous while the only way Authorities can get to it is through Wallet Developers by virtue of Global/National Security Threats or by a Court Order as per the Privacy Protection Act. SAFETY & SECURITY (CODED CRYPTO VS FIAT + COMMODITIES): • No human mind can memorize the millions of serial numbers printed on fiat currencies. The records of Serialized Coded Coins will forever be in the Blockchain embedded within each transaction from wallet to wallet.
• Serialized Commodities such as gold can be melted down. Diamonds recrafted. Fiat double printed. But not Serialized Coded Crypto Assets.
• Should an accessory system be added into the KRATSCOIN Blockchain, allowing reports on criminal activity be made within the Blockchain, notifying all ledgers of certain stolen Serial Coded Coins, enabling WARNINGS and forbidding next transaction of that particular Serial Coded Coin, wouldn’t this function enhance protection. A theft deterrent function which can never be achieved with physical gold, diamonds or fiat. KRATSCOIN SUMMARY: • Most crypto currencies have not reach a level of security alert for governments. This could be the only reason why a possible ban has not been discussed. China and India has begun efforts to control or ban crypto currencies in their quest to combat capital outflow, writer’s personal opinion. The EU has stopped Libra from implementation. “A company cannot be allowed Authoring Power for issuance of currencies” quoted the governments. KRATSCOIN is fully decentralized with no ownership nor control by any country, company or individual. Once again, the beauty of Bitcoin decentralization concept prevails.
• “There is no such thing as a world currency. However, since World War II, the dominant or reserve currency of the world has been the U.S. dollar” quoted in google.com.
• Most countries have “Foreign Reserves” as backing to a country’s fiat currency. It is a mean of “back up” attempt should all factors above mentioned leading to the value of their currencies collapse. Then what will happen if the Country of the Foreign Reserves collapse?
• Serial Coded KRATSCOIN belongs to no one, no country, no company and therefore theoretically shall not be effected by politics, war or global economy meltdown yet everyone, every country and every government is able to benefit from KRATSCOIN.
"Quoted by" https://lintangnews.com/ada-kratscoin-ini-bedanya-dengan-bitcoin/ https://0xzx.com/201910111244312902.html https://news.tokocrypto.com/tag/kratscoin-ktc/ http://bbs.tianya.cn/post-lookout-836105-1.shtml https://zhuanlan.zhihu.com/p/84844615
submitted by xia112 to u/xia112 [link] [comments]

DIFFERENCE BETWEEN FIAT AND CRYPTO

• Fiat Currency is backed by Governments/Countries itself. What determines the value of a currency is the economic health, demand, growth, political stability to name a few, of the respective country. Before 1930, most fiat currencies were backed by gold and silver.
• Since 1971, U.S. citizens have been able to utilize Federal Reserve Notes as the only form of money that for the first time had no currency with any gold or silver backing. This is where you get the saying that U.S. dollars are backed by the “full faith and credit” of the U.S. Government - quoted in google.com.
• What backs crypto value is purely supply and demand. The demand creation of a crypto is its sole objective. To create demand, the crypto has to have a purpose. And most purpose commonly promoted is utility. The number of ways you can utilize the said crypto. The more utilization factors the more demand there is for it.
• There are other ways to substantiate value of a crypto and that is to back the crypto with a 1 to 1 ratio in assets or in USD. Then the question is, how 3,000 crypto currencies in circulation be monetary eco sustainable? Can anyone imagine walking into McDonald and view a chart of 3,000 different pricing? Which also means the crypto is a payment gateway pegging against USD instead of bearing any true characteristic of a currency.
• A country’s currency is in its own legit form of legal tender, the only currency acceptable under financial sovereigns of a country. People in the world must be made to understand that. Retailers in Thailand cannot put up products price tags in EUROS/USD, it is illegal. It has to be in Thai Baht.
• It is hardly imaginable for everyone in the world to retail with a Crypto-Currencies at a rate of 7 transactions per second. When mining nodes are reduced due to non-performing mining ratio, mining blocks in the Blockchain will significantly be limited too, rendering delays in transactions while usage increases.
• In time to come, as trends of crypto picks up, Thailand can issue BAHT COIN or UK the STERLING COIN, exactly what China wishes to do. Digital RMB, but would such crypto currencies be fully decentralized? We all have our answers. Absurd to even think of producing Thai Baht, Pound Sterling or Chinese Yuan at the cost of electricity. It is currencies in digital forms.
KRATSCOIN is not meant for that purpose. In some opinion, apart from utilization, a crypto can be for safekeeping, an entity for keeping money while allowing easy liquidation, at a click of a mobile button, not to mention sending or transferring without the trouble of going to banks, which was the original purpose of Bitcoin to begin with. Therefore, KRATSCOIN would be better termed as Crypto Commodity, sharing similarities as Metal Commodities.
An individual cannot use gold to make a purchase, neither can one eat gold. It can only be kept or invest in for appreciative value over time. Gold is being exampled for its scarcity which reasons for its higher value over its cousin, silver or bronze. Who or what determines the value of gold? Just like any other crypto, demand by humanity. As in all other commodities, it must also be placed in checks by governments. To put in checks, serial numbers are introduced to protect a country’s commodities outflows or illegal exports.
Humanity made Bitcoin a reality. Acceptance by the majority members of the public made Bitcoin to what is it today with the trust they entrusted it with, or is the majority public hopping on the band wagon to make a few quick extra bucks? Whatever the reasons are, the characteristics of Crypto Currencies are only matched by the behavior of Commodities.
SERIALIZED COINS - WHAT IT MEANS FOR THE PUBLIC: Every currency has its own remarkable name, design and colors. Dollars, Euros, Pound, Tugrik, Peso, Rupee, Rupiah, Dina, Ringgit, Baht and the list carries on. One thing every currency have in common - Serial Numbers.
In any crime, investigators will firstly establish motives and mode of operation, both of which are very likely related to money. So following the money trial is a natural thing to do for investigators/authorities and it has become a common practice. Crimes require funding ie robbers need money to buy guns to carry out its robbing activities. Cutting off financing will reduce criminal activities. That’s the approach governments of the WORLD have adopted for crime fighting.
Perhaps people do not realize this while most do not feel the pinch. Humanity tends to take life for granted until apocalypse happens. Take a minute to visualize the tallest tower in your homeland collapse into a pile of dust with thousands of casualties effecting everything else that comes to mind. Imagine a family member, just 1 is enough, is among those casualties.
• Imagine if monetary system is not in place and drug dealers, among many, roam the earth freely distributing what can be death threatening substance to your kids. What if you are mugged of your inheritance [items left to you by your father] that is beyond retrieval? As for crypto enthusiast, what if your wallet gets hacked as even the mighty Pentagon gets hacked. All the above can go away if the crypto system leaves a trail for hound dogs to sniff out. Money Trail or Serial Codes Trail to be exact.
• Citizens rely on governments and their countries to do what is best for them to lead their daily lives, flourish, advance, improve and strive but at the same time, citizens want to take away the single most important thing deemed crucial in the hierarchy of humanity from governments with additional boastful remarks such as “I transferred $400 million from one corner of the earth to another corner in a single transaction and no governments can do anything about it”.
• In-short, to boast unregulated financial movement is to arrogantly promote crime without realizing it while challenging the world’s monetary authority. Oldest advice in the book teaches us never to pick a fight we can’t win.
• Serial Coded Coins does not take away the financial movement freedom nor does it take away your privacy. It merely provides Authorities the necessary means needed for crime prevention and fighting. It only re-inforce security and safety. SERIALIZED COINS - WHAT IT MEANS FOR GOVERNMENTS: • Governments are relentlessly trying to find new ways to keep track of crypto transactions. Crypto Currency Exchanges, just like all other Financial Institutions and Banks, are required to practice the most stringent Know Your Customer (widely known as KYC) process. The KYC is designed to provide governing agencies and authorities with information pertaining to crypto ownerships.
• But no governments can have information on Peer-to-Peer (also known as P2P) transactions unless the government in question launch a full scale Federal Investigation on certain suspected individuals seeking Wallet Developers to unveil the ownership of certain wallet addresses. Do not forget, National and Global Security trumps Privacy Act. Refusal to co-operate under the pretext of Global or National Security will only result in an out-right ban, which is exactly what happened to Blackberry.
• Questions to Governments – What if Wallet Developers or Crypto Exchanges shuts down which can happen for various reasons be it foul-play, sinister or forcefully under threat? What if servers are damaged and ruined? An EMP strike or a simple magnet can make it happen. Information/identities of suspected customers of such addresses shall be lost forever and along with it the Money Trial.
• The most probable way of evading Authorities with crypto assets are developing an e-wallet for own illicit purpose. Since the cost of developing an e-wallet is relatively low in considerable cost to hiding, what can governments do to flush out these ants from the vast networks of tunnels?
• With Serialized Coded Crypto Assets, it doesn’t matter if servers of Exchanges or Wallets are destroyed. The Serial Codes of each token/coin enables governments of every participating country to track both origin and destination by identifying records of each token/coin in wallet address. It can disappear into a cold wallet but emerging some place later yet Authorities can still detail which particular token/coin has at one moment of time been into which wallet, on what day and date.
• If the battle of financial crimes can be resolved with a simple Serialize Coded Crypto Asset, the eradication of corruptions, money laundering, unlawful proceeds and terrorism financing will be made possible. Criminals can no longer exploit the genius creation of Sathoshi – Blockchain and Crypto-Currencies.
• Global Security, Anti-Terrorism Financing and Money Laundering could just be excuses granting government agencies the need to have access to financial information in the Monetary System. Nonetheless, it is in the interest of every nation that capital outflow is controlled. Capital Outflow is most frequent when the economy of a country is deteriorating. In the face of an economy meltdown, monetary flow is most needed and yet citizens tend to transfer monies further away illegally from their own country in an act of selfishness. This would not be tolerated by any country. Serial Coded Coin shall prove this attempt futile.
• In most part of Asian Countries, many crypto-currency mining operations are carried out illegally. The legality sits on thin fine line where Authorities can pin only stealing of electricity as a major concern to the respective country. Since most Power Companies belongs to the Country in one way or another, it is financially damaging to Power Producers and Utility Suppliers. Serial Codes can determine if the KRATSCOIN is mined legally or illegally making it difficult for miners or mining farms to mine crypto while avoiding making electricity payments. Will this deterrent disrupt the chain of KRATSCOIN supply? That’s not how Blockchain Tech works. TAXATIONS - WHAT IT MEANS FOR PUBLIC AND GOVERNMENTS: • Taxation cannot be imposed on “Illegal & Unlawful Proceeds” instead confiscation is enforced in many countries. Origins or proceeds of Serialized Coded Crypto Assets can be easily identified by the Serial Codes in-conjunction with the Blockchain. This exercise can evidently proof the legitimacy of the aforesaid token/coin. By “Illegal & Unlawful Proceeds” also refers to crypto coins obtained via illegal mining operations.
• Taxation on Crypto Assets are calculated on profits deriving from the sale/disposal of the crypto Assets. If we are small crypto believers, the amount of taxation rendered by Inland Revenue will be insignificant. Why risk Freedom of Life over Freedom of Small Monies. If we are big crypto believers, taxation on Serialized Coded Coins can be considered added security to your assets protection.
• By adopting Serialized Crypto Assets, declaration is made easily possible via proof of token/coin origin via the Blockchain. If the Authorities can know where our crypto assets come from, the Authorities will know where it will disappear to. It is taxation cum insurance in one tiny sum. This added security with freedom feature will encourage self-declarations of crypto assets to Authorities and Agencies. PRIVACY & ANONIMITY: • Many may be skeptical of their wealth being tracked and monitored. But in this era of technological advance society, everything we touches has our signature. Banks, iPhones, Samsung Mobiles, Google, Facebook, Whatsapp, WeChat, LINE, Viber, Facebook, Properties, Utilities. Almost everything. It is to this fact that there is a need for Privacy Protection Act.
• As explained before, Crypto Currency Exchange KYC procedures is designed to expose the identity of Crypto Assets ownership. The Blockchain is supposed to serve as a transparent information platform. The question of privacy over Serialized Coded Coins does not exist, it does not make Serialized Coded Coins ownership any less private.
• Ownership of wallet addresses shall always remain anonymous while the only way Authorities can get to it is through Wallet Developers by virtue of Global/National Security Threats or by a Court Order as per the Privacy Protection Act. SAFETY & SECURITY (CODED CRYPTO VS FIAT + COMMODITIES): • No human mind can memorize the millions of serial numbers printed on fiat currencies. The records of Serialized Coded Coins will forever be in the Blockchain embedded within each transaction from wallet to wallet.
• Serialized Commodities such as gold can be melted down. Diamonds recrafted. Fiat double printed. But not Serialized Coded Crypto Assets.
• Should an accessory system be added into the KRATSCOIN Blockchain, allowing reports on criminal activity be made within the Blockchain, notifying all ledgers of certain stolen Serial Coded Coins, enabling WARNINGS and forbidding next transaction of that particular Serial Coded Coin, wouldn’t this function enhance protection. A theft deterrent function which can never be achieved with physical gold, diamonds or fiat. KRATSCOIN SUMMARY: • Most crypto currencies have not reach a level of security alert for governments. This could be the only reason why a possible ban has not been discussed. China and India has begun efforts to control or ban crypto currencies in their quest to combat capital outflow, writer’s personal opinion. The EU has stopped Libra from implementation. “A company cannot be allowed Authoring Power for issuance of currencies” quoted the governments. KRATSCOIN is fully decentralized with no ownership nor control by any country, company or individual. Once again, the beauty of Bitcoin decentralization concept prevails.
• “There is no such thing as a world currency. However, since World War II, the dominant or reserve currency of the world has been the U.S. dollar” quoted in google.com.
• Most countries have “Foreign Reserves” as backing to a country’s fiat currency. It is a mean of “back up” attempt should all factors above mentioned leading to the value of their currencies collapse. Then what will happen if the Country of the Foreign Reserves collapse?
• Serial Coded KRATSCOIN belongs to no one, no country, no company and therefore theoretically shall not be effected by politics, war or global economy meltdown yet everyone, every country and every government is able to benefit from KRATSCOIN.
"Quoted by" https://lintangnews.com/ada-kratscoin-ini-bedanya-dengan-bitcoin/ https://0xzx.com/201910111244312902.html https://news.tokocrypto.com/tag/kratscoin-ktc/ http://bbs.tianya.cn/post-lookout-836105-1.shtml https://zhuanlan.zhihu.com/p/84844615
submitted by xia112 to btc [link] [comments]

11-04 14:33 - 'DIFFERENCE BETWEEN KRATSCOIN AND BITCOIN' (self.Bitcoin) by /u/xia112 removed from /r/Bitcoin within 3-13min

'''
• The indivisible minimum KRATSCOIN unit is 0.00001 instead of 0.00000001 to denominate realistic currency rates in FOREX. Denomination cannot be determined or dictated by the value of a currency. If KRATSCOIN is valued at USD10,000.00 then the smallest unit of KRATSCOIN at 0.00001 = USD0.10 and nothing smaller than USD0.10 in KRATSCOIN.
Example: If USD1.00 = THB30.00 and the smallest denomination of USD is USD0.10, then a USD0.10 which is THB3.00, is unable to buy a piece of candy at THB1.00. Thus the USD must be converted into a smaller currency of THB in order to buy the THB1.00 candy.
• KRATSCOIN is in-line with standard International Foreign Currency Exchange Practice at indivisible minimum unit 0.00001.
• Each KRATSCOIN is equipped with a 13 digit “SERIAL CODES AND NUMBERS” and there will be a total of 2,100,000,000,000 SERIAL CODES in total.
Example1: 1st KRATSCOIN = AKDJFYRS.00000 Example2: 1st Fraction from 1st KRATSCOIN = AKDJFYRS.00001 Example3: 2nd Fraction from 2nd KRATSCOIN = AKDJFYRS.00002 Example4: Last KRATSCOIN = DLXVZKWR.00000 Example5: 1st Fraction from Last KRATSCOIN = DLXVZKWR.00001 Example6: 2nd Fraction from Last KRATSCOIN = DLXVZKWR.00002
• In Year 2015, Silk Road in DeepWeb utilization of Bitcoin in their transactions amounts to USD1.2billion spanning over 950,000 users. One may argue that Bitcoin is most utilized by the black market, which then maintains its value and worth among other factors. However, the USD1.2bil a year over 950,000 users are far fetch from the Legitimate Users in comparison. Bitcoin transactions runs into USD40.0bil in recent Legitimate Crypto Exchanges. In summary, legitimate transaction of crypto currencies is many times larger use in illegal transactions.
DIFFERENCE BETWEEN FIAT AND CRYPTO:
• Fiat Currency is backed by Governments/Countries itself. What determines the value of a currency is the economic health, demand, growth, political stability to name a few, of the respective country. Before 1930, most fiat currencies were backed by gold and silver.
• Since 1971, U.S. citizens have been able to utilize Federal Reserve Notes as the only form of money that for the first time had no currency with any gold or silver backing. This is where you get the saying that U.S. dollars are backed by the “full faith and credit” of the U.S. Government - quoted in google.com.
• What backs crypto value is purely supply and demand. The demand creation of a crypto is its sole objective. To create demand, the crypto has to have a purpose. And most purpose commonly promoted is utility. The number of ways you can utilize the said crypto. The more utilization factors the more demand there is for it.
• There are other ways to substantiate value of a crypto and that is to back the crypto with a 1 to 1 ratio in assets or in USD. Then the question is, how 3,000 crypto currencies in circulation be monetary eco sustainable? Can anyone imagine walking into McDonald and view a chart of 3,000 different pricing? Which also means the crypto is a payment gateway pegging against USD instead of bearing any true characteristic of a currency.
• A country’s currency is in its own legit form of legal tender, the only currency acceptable under financial sovereigns of a country. People in the world must be made to understand that. Retailers in Thailand cannot put up products price tags in EUROS/USD, it is illegal. It has to be in Thai Baht.
• It is hardly imaginable for everyone in the world to retail with a Crypto-Currencies at a rate of 7 transactions per second. When mining nodes are reduced due to non-performing mining ratio, mining blocks in the Blockchain will significantly be limited too, rendering delays in transactions while usage increases.
• In time to come, as trends of crypto picks up, Thailand can issue BAHT COIN or UK the STERLING COIN, exactly what China wishes to do. Digital RMB, but would such crypto currencies be fully decentralized? We all have our answers. Absurd to even think of producing Thai Baht, Pound Sterling or Chinese Yuan at the cost of electricity. It is currencies in digital forms.
KRATSCOIN is not meant for that purpose. In some opinion, apart from utilization, a crypto can be for safekeeping, an entity for keeping money while allowing easy liquidation, at a click of a mobile button, not to mention sending or transferring without the trouble of going to banks, which was the original purpose of Bitcoin to begin with. Therefore, KRATSCOIN would be better termed as Crypto Commodity, sharing similarities as Metal Commodities.
An individual cannot use gold to make a purchase, neither can one eat gold. It can only be kept or invest in for appreciative value over time. Gold is being exampled for its scarcity which reasons for its higher value over its cousin, silver or bronze. Who or what determines the value of gold? Just like any other crypto, demand by humanity. As in all other commodities, it must also be placed in checks by governments. To put in checks, serial numbers are introduced to protect a country’s commodities outflows or illegal exports.
Humanity made Bitcoin a reality. Acceptance by the majority members of the public made Bitcoin to what is it today with the trust they entrusted it with, or is the majority public hopping on the band wagon to make a few quick extra bucks? Whatever the reasons are, the characteristics of Crypto Currencies are only matched by the behavior of Commodities.
SERIALIZED COINS - WHAT IT MEANS FOR THE PUBLIC: Every currency has its own remarkable name, design and colors. Dollars, Euros, Pound, Tugrik, Peso, Rupee, Rupiah, Dina, Ringgit, Baht and the list carries on. One thing every currency have in common - Serial Numbers.
In any crime, investigators will firstly establish motives and mode of operation, both of which are very likely related to money. So following the money trial is a natural thing to do for investigators/authorities and it has become a common practice. Crimes require funding ie robbers need money to buy guns to carry out its robbing activities. Cutting off financing will reduce criminal activities. That’s the approach governments of the WORLD have adopted for crime fighting.
Perhaps people do not realize this while most do not feel the pinch. Humanity tends to take life for granted until apocalypse happens. Take a minute to visualize the tallest tower in your homeland collapse into a pile of dust with thousands of casualties effecting everything else that comes to mind. Imagine a family member, just 1 is enough, is among those casualties.
• Imagine if monetary system is not in place and drug dealers, among many, roam the earth freely distributing what can be death threatening substance to your kids. What if you are mugged of your inheritance [items left to you by your father] that is beyond retrieval? As for crypto enthusiast, what if your wallet gets hacked as even the mighty Pentagon gets hacked. All the above can go away if the crypto system leaves a trail for hound dogs to sniff out. Money Trail or Serial Codes Trail to be exact.
• Citizens rely on governments and their countries to do what is best for them to lead their daily lives, flourish, advance, improve and strive but at the same time, citizens want to take away the single most important thing deemed crucial in the hierarchy of humanity from governments with additional boastful remarks such as “I transferred $400 million from one corner of the earth to another corner in a single transaction and no governments can do anything about it”.
• In-short, to boast unregulated financial movement is to arrogantly promote crime without realizing it while challenging the world’s monetary authority. Oldest advice in the book teaches us never to pick a fight we can’t win.
• Serial Coded Coins does not take away the financial movement freedom nor does it take away your privacy. It merely provides Authorities the necessary means needed for crime prevention and fighting. It only re-inforce security and safety. SERIALIZED COINS - WHAT IT MEANS FOR GOVERNMENTS: • Governments are relentlessly trying to find new ways to keep track of crypto transactions. Crypto Currency Exchanges, just like all other Financial Institutions and Banks, are required to practice the most stringent Know Your Customer (widely known as KYC) process. The KYC is designed to provide governing agencies and authorities with information pertaining to crypto ownerships.
• But no governments can have information on Peer-to-Peer (also known as P2P) transactions unless the government in question launch a full scale Federal Investigation on certain suspected individuals seeking Wallet Developers to unveil the ownership of certain wallet addresses. Do not forget, National and Global Security trumps Privacy Act. Refusal to co-operate under the pretext of Global or National Security will only result in an out-right ban, which is exactly what happened to Blackberry.
• Questions to Governments – What if Wallet Developers or Crypto Exchanges shuts down which can happen for various reasons be it foul-play, sinister or forcefully under threat? What if servers are damaged and ruined? An EMP strike or a simple magnet can make it happen. Information/identities of suspected customers of such addresses shall be lost forever and along with it the Money Trial.
• The most probable way of evading Authorities with crypto assets are developing an e-wallet for own illicit purpose. Since the cost of developing an e-wallet is relatively low in considerable cost to hiding, what can governments do to flush out these ants from the vast networks of tunnels?
• With Serialized Coded Crypto Assets, it doesn’t matter if servers of Exchanges or Wallets are destroyed. The Serial Codes of each token/coin enables governments of every participating country to track both origin and destination by identifying records of each token/coin in wallet address. It can disappear into a cold wallet but emerging some place later yet Authorities can still detail which particular token/coin has at one moment of time been into which wallet, on what day and date.
• If the battle of financial crimes can be resolved with a simple Serialize Coded Crypto Asset, the eradication of corruptions, money laundering, unlawful proceeds and terrorism financing will be made possible. Criminals can no longer exploit the genius creation of Sathoshi – Blockchain and Crypto-Currencies.
• Global Security, Anti-Terrorism Financing and Money Laundering could just be excuses granting government agencies the need to have access to financial information in the Monetary System. Nonetheless, it is in the interest of every nation that capital outflow is controlled. Capital Outflow is most frequent when the economy of a country is deteriorating. In the face of an economy meltdown, monetary flow is most needed and yet citizens tend to transfer monies further away illegally from their own country in an act of selfishness. This would not be tolerated by any country. Serial Coded Coin shall prove this attempt futile.
• In most part of Asian Countries, many crypto-currency mining operations are carried out illegally. The legality sits on thin fine line where Authorities can pin only stealing of electricity as a major concern to the respective country. Since most Power Companies belongs to the Country in one way or another, it is financially damaging to Power Producers and Utility Suppliers. Serial Codes can determine if the KRATSCOIN is mined legally or illegally making it difficult for miners or mining farms to mine crypto while avoiding making electricity payments. Will this deterrent disrupt the chain of KRATSCOIN supply? That’s not how Blockchain Tech works. TAXATIONS - WHAT IT MEANS FOR PUBLIC AND GOVERNMENTS: • Taxation cannot be imposed on “Illegal & Unlawful Proceeds” instead confiscation is enforced in many countries. Origins or proceeds of Serialized Coded Crypto Assets can be easily identified by the Serial Codes in-conjunction with the Blockchain. This exercise can evidently proof the legitimacy of the aforesaid token/coin. By “Illegal & Unlawful Proceeds” also refers to crypto coins obtained via illegal mining operations.
• Taxation on Crypto Assets are calculated on profits deriving from the sale/disposal of the crypto Assets. If we are small crypto believers, the amount of taxation rendered by Inland Revenue will be insignificant. Why risk Freedom of Life over Freedom of Small Monies. If we are big crypto believers, taxation on Serialized Coded Coins can be considered added security to your assets protection.
• By adopting Serialized Crypto Assets, declaration is made easily possible via proof of token/coin origin via the Blockchain. If the Authorities can know where our crypto assets come from, the Authorities will know where it will disappear to. It is taxation cum insurance in one tiny sum. This added security with freedom feature will encourage self-declarations of crypto assets to Authorities and Agencies. PRIVACY & ANONIMITY: • Many may be skeptical of their wealth being tracked and monitored. But in this era of technological advance society, everything we touches has our signature. Banks, iPhones, Samsung Mobiles, Google, Facebook, Whatsapp, WeChat, LINE, Viber, Facebook, Properties, Utilities. Almost everything. It is to this fact that there is a need for Privacy Protection Act.
• As explained before, Crypto Currency Exchange KYC procedures is designed to expose the identity of Crypto Assets ownership. The Blockchain is supposed to serve as a transparent information platform. The question of privacy over Serialized Coded Coins does not exist, it does not make Serialized Coded Coins ownership any less private.
• Ownership of wallet addresses shall always remain anonymous while the only way Authorities can get to it is through Wallet Developers by virtue of Global/National Security Threats or by a Court Order as per the Privacy Protection Act. SAFETY & SECURITY (CODED CRYPTO VS FIAT + COMMODITIES): • No human mind can memorize the millions of serial numbers printed on fiat currencies. The records of Serialized Coded Coins will forever be in the Blockchain embedded within each transaction from wallet to wallet.
• Serialized Commodities such as gold can be melted down. Diamonds recrafted. Fiat double printed. But not Serialized Coded Crypto Assets.
• Should an accessory system be added into the KRATSCOIN Blockchain, allowing reports on criminal activity be made within the Blockchain, notifying all ledgers of certain stolen Serial Coded Coins, enabling WARNINGS and forbidding next transaction of that particular Serial Coded Coin, wouldn’t this function enhance protection. A theft deterrent function which can never be achieved with physical gold, diamonds or fiat. KRATSCOIN SUMMARY: • Most crypto currencies have not reach a level of security alert for governments. This could be the only reason why a possible ban has not been discussed. China and India has begun efforts to control or ban crypto currencies in their quest to combat capital outflow, writer’s personal opinion. The EU has stopped Libra from implementation. “A company cannot be allowed Authoring Power for issuance of currencies” quoted the governments. KRATSCOIN is fully decentralized with no ownership nor control by any country, company or individual. Once again, the beauty of Bitcoin decentralization concept prevails.
• “There is no such thing as a world currency. However, since World War II, the dominant or reserve currency of the world has been the U.S. dollar” quoted in google.com.
• Most countries have “Foreign Reserves” as backing to a country’s fiat currency. It is a mean of “back up” attempt should all factors above mentioned leading to the value of their currencies collapse. Then what will happen if the Country of the Foreign Reserves collapse?
• Serial Coded KRATSCOIN belongs to no one, no country, no company and therefore theoretically shall not be effected by politics, war or global economy meltdown yet everyone, every country and every government is able to benefit from KRATSCOIN.
"Quoted by" [[link]6 [[link]7 [[link]8 [[link]9 [[link]10
'''
DIFFERENCE BETWEEN KRATSCOIN AND BITCOIN
Go1dfish undelete link
unreddit undelete link
Author: xia112
1: lintangnews.c*m/ada*kr**s*o*n-*ni-be*a*ya-d*ngan-bi***in* 2: 0xzx**o***019101*124431*902.*tml 3: ne*s.*oko**y*to.com/*ag/**atsco*n-kt*/ 4: bbs.**anya.cn/p**t-l*ok*u*-836*0*-*.shtml 5: z*uanlan.z*i*u.*om*p/*4*44615 6: l*nta*g*ews.*o*/ada*kr*ts*o*n-*ni-***a*ya-d*ngan-bitcoin/]^^1 7: 0x*x*com/2019101**24*312*02*ht**]^^2 8: news*t**ocr*p*o***m/tag/kr*tscoin-ktc/]*^3 9: bbs.*i*n*a.cn/p**t-loo*ou*-8*61*5-1.sht*l*^^4 10: zhuanl*n.zh*hu.co*/**84**461*]^^5
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

Elastos (TICKER: ELA) Assessment

Author's Note:
Elastos was discussed in this group twice, albeit 7 and 9 months ago, respectively. To do the project justice my intention is to give existing and new CryptoMoonShots group followers an update as the overall market has changed considerably and to factor in project-specific developments following the two mentions of Elastos here.

Definitions:
Content Creators and/or Developers: Individuals and enterprises that generate, design, and create digital assets.
Digital Capital: An individuals videos, photos, written text, written or spoken ideas, music, time, and attention
Big Tech: Companies like Alphabet, Facebook, Apple, Microsoft, Amazon, Twitter to name a few.

Project Introduction:
The design philosophy of Elastos originated from Rong Chen, a former senior software engineer at Microsoft. Building on his experience at Microsoft, Chen wanted to create a platform in which applications and services are not allowed to access the Internet directly. Without access to the network, malware would not be able to steal user data or attack other services on the Internet. Chen’s vision was subsequently developed into an open-source, lightweight operating system for virtual machines (github.com/Elastos). In 2017, blockchain technology was integrated into Chen’s vision, enabling development of the Elastos Smart Web.

The project is focused on developing a decentralized internet platform where digital assets are owned, distributed, and monetized by Content Creators and/or Developers that own it. To understand this, it is imperative to understand the current internet model (Internet 2.0). Big tech currently owns the internet and everything in it: your videos, your photos, your written text, your ideas, your music, your time, your attention - and the most important in this context - the means of distribution - let's call this Digital Capital. In the current model, Content Creators and/or Developers are forced to distribute their capital through channels owned by Big Tech, which rob creators of their rights and profits.

Elastos is building the boundlessly scalable platform where digital capital can be published, distributed, and monetized by creators while allowing creators and developers to retain their rights. This platform will allow for decentralized applications (Dapps) to operate on a peer-to-peer network with no centralized control. Consumers can access these Dapps via their mobile phones without changing their operating system. The old Internet is a Web of information. If you click a URL, you get data. Elastos is creating a Web of apps. When you click a URL, you get code. The Elastos Web will be a special economic zone where Elastos tokens function as the base currency.

The project is open-source software whose development process has been sponsored by industry giants such as the Tsinghua Science Park, the TD-SCDMA Industrial Alliance and the Foxconn Group for more than 200 million RMB. The project has published more than ten million lines of source code, including four million lines of original source code. The Elastos blockchain utilizes merged mining with Bitcoin, the process by which consensus is reached on both chains simultaneously. In this case, the Bitcoin blockchain works as the parent blockchain to Elastos, with the Elastos chain as its auxiliary blockchain. The mining pools will deploy merged mining code and miners will submit proof of work to both blockchains at the same time. Energy consumption does not increase with merged mining, and will be equal to the energy consumed for mining either alone. Through this mechanism, the Elastos blockchain has an extremely strong guarantee of computing power and will then be able to provide blockchain innovations at a global scale. It makes full use of existing Bitcoin computing resources in addition to being environmentally friendly.

Live Products

Elastos SPV Wallet
Elastos provides an SPV Wallet SDK equipped with a series of wallet-related interfaces to enable users to develop unique wallets that connect to the Elastos blockchain. Sample applications are available now.
Elastos Blockchain Merged Mining
Elastos’ main public blockchain is merged mined with bitcoin, which enables pre-existing bitcoin miners to update their clients to simultaneously mine Elastos without expending excess energy. The merged mining is currently open only to the BTC.com mining pool.
Elastos DID Sidechain Service
Elastos provides a Decentralized ID (DID) Sidechain Service to be used in applications. On the Elastos ecosystem, every user, every device and every app has its own DID and can store any value that is associated with that ID on this sidechain. The DID service paves the way for a more secure and trustable internet, as this allows for seamless interoperability between DApps and IDs are assigned to users from the blockchain rather than having them assigned by a company.
Elastos TV Box
Although Elastos does not sell the TV Box directly, the Elastos Carrier is embedded inside. The Elastos TV Box is presently used for simple features such as remote control in a decentralized peer to peer fashion. In the future, these TV Boxes and many other IoT devices that have Elastos Carrier installed will be capable of running as IPFS nodes for supporting the distributed file storage network for the Elastos ecosystem.
Elastos Dittobox
Any individual can establish a unique dittobox server on a personal computer that integrates ownCloud server and Elastos Carrier. The dittobox server can be installed onto a computer behind the router, and all files stored on the server are accessible from anywhere in the world via the Elastos Carrier network.

Beta Products
Elastos Blockchain PoW + DPoS
Elastos main blockchain will employ a hybrid consensus of PoW + DPoS where the PoW is merged mined with bitcoin and both are used to package blocks while the DPoS nodes are used for signing. This creates a finality in the blocks which will prevent the chain from forking.
Elastos Token Sidechain Service
Elastos DApps utilize this service to generate application-specific native tokens within the Elastos ecosystem. As such, each application can create its own token on demand, and without friction.
Elastos Smart Contract Sidechain Service
Elastos provides a unique sidechain service that is designated to running and executing smart contracts. These smart contracts are compatible with ERC20 and ERC721 tokens, which enables Ethereum DApps to run smoothly within the Elastos ecosystem.
Elastos Hive
Elastos will provide a distributed storage system that apps can utilize to store files, messages in a p2p chat, videos, music, and more.
Elastos Elapay
Elapay is a payment tool that enables payment with ELA. Two types of payments will be supported. The first is “Pay On Order,” which encompasses standard commercial purchases, and will require merchants to integrate Elapay service into their web apps in order to offer users this payment option alongside the likes of credit card and cash payments. The second is “Point to Point Pay,” which involves individuals exchanging funds between themselves. “Point to Point Pay” uses an html5 page that can be shared on social media outlets such as Facebook or Wechat to send or receive ELA. Elapay can be expended for a variety of purposes – from purchasing a virtual asset in an online video game to standard online shopping expenditures. It simply represents another method of paying for goods and services at checkout.

Alpha Products
Elastos Trinity
A cross-platform browser application that runs on Android and will be available for iOS in the future. This is a form of the Elastos virtual machine and a demo of Elastos Runtime where decentralized applications written for Elastos run in a secure sandboxed environment. These are Ionic framework applications. Also, the SPV wallet functionality and the payment functions will be embedded inside the browser so that other DApps that run on Trinity can easily integrate with the available features.
Elastos Carrier SDK
Elastos Carrier provides SDK for Android (Java), iOS (Swift/Objective C), and nodeJS that can be utilized to connect to the decentralized peer to peer network that takes over all of the network traffic on the Elastos ecosystem, such as messaging, file transfer, and more.

On January 16, 2019 the Intelligent Grouping and Resource Sharing (IGRS) board issued Elastos a formal membership certificate, thus making official its entrance into the IGRS Industry Association. In conjunction with Association members, Elastos will explore the opportunities and potential synergies presented by blockchain and IoT, in the joint hopes of creating a robust IoT industry ecosystem.
Source: https://news.elastos.org/elastos-joins-the-igrs-industry-association/

Recently an ecosystem partner meetup revealed 900k TV Boxes sold and 180k registered DIDs via our partner app Viewchain. The Elephant Wallet also hit the Apple App Store and Google Play.

In June, 2018 Elastos partnered with ioeX, an internet of things platform that was much anticipated. The ioeX project is a behemoth on its own and is built on the Elastos platform.

**There are countless other exciting milestones that were achieved in 2018 and planned for 2019. Refer to https://news.elastos.org/.*\*

Market Sizing, Factors, and ELA's Potential
In the current market, Elastos' market cap of fluctuates between $31 million and $35 million with ~14,574,261 ELA coins in circulation ($2.1 to $2.3 per ELA) and total coin supply of 34,104,561.

ELA is currently listed on LBANK, CoinEgg, Huobi, HBUS, Kucoin, BCEX, and BIT-Z, the majority of which are low volume exchanges.

Binance Exchange controversy: Although various sources say different things, the evidence points to one plausible story: The Elastos foundation refused to pay Binance's listing fee and backed out of the listing the coin. Binance followed suit by tarnishing the project reputation using various media.

Based on the projects scope, the team's background and leadership, the project's backers, affiliations, and partnerships, and projects with similar mandates the project has the potential to be worth close to $500 million (15x) in the short term (less than 12 months) and several billion over the longer term (1 to 2 years).

The largest barrier to achieving it's objectives is adoption by developers. The chicken or the egg dilemma is that some argue listing ELA on major exchanges will incentivize developers to build on the platform because the coins value will appreciate others ague that the underlying technology must far outperform the incumbent to incentivize migration and hence drive the coins value. It's probably a combination of the two.

I would love to hear your thoughts and opinions on this assessment.

Thanks!
submitted by LevonGalstyan to CryptoMoonShots [link] [comments]

Tark Wallet: The Importance of Blockchain Wallets


What is a wallet?
The wallet that we are accustomed to know is made of leather or other materials, which can be put cash or some cards in. The wallet is called a wallet because the wallet can be used to put money in. Unless the wallet is stolen, under normal circumstances, only you have right of control over the money in the wallet. The blockchain asset wallet is also similar, the third party can’t control without authorization.
The blockchain solves the problem of trust on a large scale and is very secure. As an important entrance in this blockchain ecosystem, the wallet has always been highly anticipated.
What is the value of the blockchain wallet?
Alipay accounts for most of the market share of RMB transactions, so Alipay has become a payment tool that many trading scenarios cannot go around. The platform of e-commerce, travel booking, knowledge services and other platforms we are familiar with, and will use the Alipay app on the mobile phone to complete the final payment process. Similarly, the future of digital assets on the blockchain is likely to make transactions more frequent due to the emergence of large-scale DAPP, so that convenient and fast wallet products are very necessary.
When using a wallet, you've got to learn more. Because the blockchain is anonymous, real-name authentication is not required for using various wallets. Although you can see the transfer address of the transaction, you do not know who the address is. Moreover, the information in the blockchain is irreversible. If you are not careful to enter the right address, you won't be able to find it back. Where did we put our digital assets in our wallets? Is it in the wallet?
The decentralized blockchain wallet we use is actually just a blockchain software. Your digital asset is not stored in the wallet company, nor on your mobile device, it is still in the address of the blockchain network. The wallet just shows you the various codes of the blockchain through the server, and establishes a channel to send your various operational orders to the blockchain. Therefore,there is not the case where the bank freezes your account or the company freezes your account with the blockchain wallet. As long as the private key is lost, you can no longer open the wallet and lose the coins in your wallet. From this point of view, in fact, the security of the wallet has a lot to do with your private key, because the wallet service provider will not keep your private key, it will not be placed on the server; even if there is a problem with the wallet, you cannot log in, or the version is updated, or hacked, and so on, it will not affect your assets. In this case, the private key is actually the most important thing to save digital assets.
T-ark wallet, is deeply loved and welcomed by users
T-ark Wallet is a wallet application that connects the digital assets and the physical world. It has unique cross-chain and cross-contract technology and combines its own high-performance public blockchain to provide a strong infrastructure for the field of digital currency. T-ark supports for multiple blockchain assets, including Bitcoin, Ethereum and other mainstream digital currencies for unified storage, management and exchange transactions, users can not only fully control their digital assets, but also greatly reduce the use threshold and management burden of digital assets.At the same time, T-ark has given more scenarios to the storage and circulation. Wallet users can use the assets in the wallet for shopping in the mall. Subsequently, T-ark will continue to insert blockchain games, leisure, entertainment and even more high-end applications in their wallets. It has been developed into the most practical payment tools in the industry, and are trusted and loved by users.
The wallet itself is just a tool, but the wallet is not only a tool for the users, but how to provide users with a deeper level of service to meet their core needs is fundamental. T-ark will live up to expectations and strive to provide users with better and more considerate services!
submitted by tongzhengshijie1 to u/tongzhengshijie1 [link] [comments]

Tark Wallet: The Importance of Blockchain Wallets


What is a wallet?
The wallet that we are accustomed to know is made of leather or other materials, which can be put cash or some cards in. The wallet is called a wallet because the wallet can be used to put money in. Unless the wallet is stolen, under normal circumstances, only you have right of control over the money in the wallet. The blockchain asset wallet is also similar, the third party can’t control without authorization.
The blockchain solves the problem of trust on a large scale and is very secure. As an important entrance in this blockchain ecosystem, the wallet has always been highly anticipated.
What is the value of the blockchain wallet?
Alipay accounts for most of the market share of RMB transactions, so Alipay has become a payment tool that many trading scenarios cannot go around. The platform of e-commerce, travel booking, knowledge services and other platforms we are familiar with, and will use the Alipay app on the mobile phone to complete the final payment process. Similarly, the future of digital assets on the blockchain is likely to make transactions more frequent due to the emergence of large-scale DAPP, so that convenient and fast wallet products are very necessary.
When using a wallet, you've got to learn more. Because the blockchain is anonymous, real-name authentication is not required for using various wallets. Although you can see the transfer address of the transaction, you do not know who the address is. Moreover, the information in the blockchain is irreversible. If you are not careful to enter the right address, you won't be able to find it back. Where did we put our digital assets in our wallets? Is it in the wallet?
The decentralized blockchain wallet we use is actually just a blockchain software. Your digital asset is not stored in the wallet company, nor on your mobile device, it is still in the address of the blockchain network. The wallet just shows you the various codes of the blockchain through the server, and establishes a channel to send your various operational orders to the blockchain. Therefore,there is not the case where the bank freezes your account or the company freezes your account with the blockchain wallet. As long as the private key is lost, you can no longer open the wallet and lose the coins in your wallet. From this point of view, in fact, the security of the wallet has a lot to do with your private key, because the wallet service provider will not keep your private key, it will not be placed on the server; even if there is a problem with the wallet, you cannot log in, or the version is updated, or hacked, and so on, it will not affect your assets. In this case, the private key is actually the most important thing to save digital assets.
T-ark wallet, is deeply loved and welcomed by users
T-ark Wallet is a wallet application that connects the digital assets and the physical world. It has unique cross-chain and cross-contract technology and combines its own high-performance public blockchain to provide a strong infrastructure for the field of digital currency. T-ark supports for multiple blockchain assets, including Bitcoin, Ethereum and other mainstream digital currencies for unified storage, management and exchange transactions, users can not only fully control their digital assets, but also greatly reduce the use threshold and management burden of digital assets.At the same time, T-ark has given more scenarios to the storage and circulation. Wallet users can use the assets in the wallet for shopping in the mall. Subsequently, T-ark will continue to insert blockchain games, leisure, entertainment and even more high-end applications in their wallets. It has been developed into the most practical payment tools in the industry, and are trusted and loved by users.
The wallet itself is just a tool, but the wallet is not only a tool for the users, but how to provide users with a deeper level of service to meet their core needs is fundamental. T-ark will live up to expectations and strive to provide users with better and more considerate services!

submitted by tongzhengshijie1 to u/tongzhengshijie1 [link] [comments]

Overview of Micro-credit Loan in China

Overview of Micro-credit Loan in China
Since the creation of currency, micro-credit loan has never been interrupted. However, due to the difficulty of supervision, the trust relationship between people is often vulnerable to money, and the performance of lending behavior is not guaranteed, which causes endless social problems.
In the last 20 years, with the big rise of the Internet and the advancement of mobile payment technology in China, micro-credit loan has begun to break through geographical restrictions, the scope of influence is more extensive, and the types also differ, and the social impact is even worse. Campus loans and bare loans have received the most attention from the society and the media because of the student group and the porn industry, and plastic loans, training loans, and rental loans have also surfaced.

https://preview.redd.it/kbf33xevrnz11.jpg?width=1268&format=pjpg&auto=webp&s=62c8691f282180838bf6a337ee0b24f7ca19cbc8

In practice, micro-credit loans often have many ways to raise their actual rate. For example, the "cutting interest", the contract will be 10,000 RMB but you will only receive 7,000. Another example is, although the interest rates is not high, the overdue management fee is horrible. Once the overdue period occurs, the loan amount will increase at a speed that you can't imagine.

https://preview.redd.it/3yuaj82xrnz11.jpg?width=1268&format=pjpg&auto=webp&s=24d84a05f25da05a8a57f96ea82f2615019497e5
Code of Lucky Draw: CELJ3UAR
Use it in http://live.vena.network/#/main

The reason why micro-credit loan has been growing for a long time even if it caused many problems is that the demand does exist. Therefore, although the irregular loan is not a good thing for both borrowers and lenders, it still has a huge market.
It is difficult for ordinary borrowers and ordinary investors to judge the platform qualification. Therefore, the best way is to believe in a well-known big platform, and not to believe in small platforms that provides abnormal high interest or low cost.
So, it has become a question of trust in third-party platforms. When it comes to the trust of third-party platforms, of course, we will think of blockchain technology, and finance is the best landing scenario for blockchain technology. If blockchain technology can be used to protect micro-credit loan, it is believed that it can provide greater convenience and guarantee for the implementation of regulatory policies.
All along, the financing of individuals and small and micro enterprises can be regarded as a difficult problem in China and many countries. How to make micro-credit loan standard, transparent and convenient to provide financing services for individuals and small and micro enterprises is a concern of many researchers and individuals who seek financing. Nowadays, the emergence of blockchain technology and its application in the financial field is undoubtedly a symptomatic solution to such problems.
Let micro-credit loan can truly solve the funding needs, which will be another mission of blockchain technology. Vena is working hard for this mission, whose financing product allows miners to make full use of the bitcoin in their hands to finance and improve their capital use efficiency. For details, join our telegram group @vena_network.

submitted by VenaNetwork to VenaProtocol [link] [comments]

Why Elastos Matters.

What is Elastos?
Elastos is a blockchain based operating system which is the world's first open source Internet Operating System. The Elastos Foundation was founded by Rong Chen and Sunny Feng Han, aiming to create a new Internet system powered by blockchain technology. On this new Internet, people will be able to own digital assets and generate wealth from them. Elastos will be used as the base-layer infrastructure rather than an application and has received sponsorship of over 200 million RMB from the Foxconn Group and other industry giants for its research and development. Elastos has open-sourced tens of millions of lines of source code, including more than four million lines of original source code. DApps are forced to never connect directly with the internet and only interact with the Elastos runtime (which in turn acts as a middle layer, then connecting to the internet) and you’ve essentially got a system that’s 90% more secure than the way IoT or smart devices currently work. Today if I have 50 smart devices in my home, they all interact with the internet, I need to worry about 50 security threats. With Elastos, all I need to worry about is 1 threat, an attack on the Elastos runtime itself, this is a 10x better set-up and applies to IoT or frankly any device, with the beauty being its code written in C++ so any device can run it, even your fridge, and it’s open source, so any developer can make whatever DApps they want.
The Elastos Value Proposition
Brief Summary?
Conversation with Su Yipeng, the Chief Architect of Elastos
  1. Storage and Speed
  2. Bugs within the Smart Contracts (security vulnerability).
  3. Cost
  4. Deletion of redundant data
  5. Security
The issue with second generation smart contracts is that they have to run solely on the blockchain, which causes network congestion and high transaction costs. Decentralized applications for Elastos are run by blockchain technology but can be built on current Operating Systems (IOS, Andriod and computer). Rong Chen understands the importance of ease of use for both the consumer and the producers. The integration of multiple well known coding languages make development relativity easier than other blockchains. They also support Android and Apple Operating Systems, which most other blockchains do not.
Elastos is not just the new internet, but the entire smart economy. Focusing on digital assets, monetizing computing power and spare storage, financially incentive trade of digital assets all combined with the highest level of security and the removal of the middleman. With speed, security and minimal cost at the heart of Elastos, it is bound to scale over time. Elastos is a third generation blockchain technology that tackles the issues we have with second generation cryptocurrencies such as Ethereum.
Development History(Tens of Millions of Open-Source Code spanning Decades)
What is the Elastos Blockchain structure?
Diagram to how merge mining works with bitcoin and Elastos
Diagram to how elastos blockchain looks like and how P2P network is implemented
Diagram to how elastos carrier works
What are Elastos mainchain and sidechains in elastos ecosystem?
One of the highlights of the design is that it makes use of a blend of mainchains and sidechains to improve the computational ability of blockchain technology. The mainchain only executes simple transactions and payment transfers while the sidechain handles smart contracts to support services and applications. With this structure scalability and security can be accomplished.
Similar to the Operating System on a mobile device, users need a trustworthy location to store important data. The Elastos blockchain works as this trust zone for the entire network Operating System. The Elastos blockchain applies main and sidechain solutions to facilitate the smart economy and a healthy decentralized application environment. This means that every application can create individual sidechains. The Elastos blockchain provides built-in, complete, easy-to-use sidechain support. They will also be customizable, allowing clients to pick a different consensus method depending on the use case.
Any system built with blockchain technology has less computing power than a traditional computer, and so will not be able to meet the various requirements of internet applications (such as video games or streaming a high-definition movie). This is a fundamental reason why blockchains still cannot be applied on the internet at a large scale. The Elastos team recognizes this fact, and therefore believes that blockchain development should not rely solely on the main chain for computation. Elastos aims to scale their blockchain system by providing support for sidechains, which will help meet requirements for running applications with high IOPS. The Elastos main chain will be responsible for the small but very important role of trading and transferring ELA, thus providing stability to the blockchain system. Elastos wants to avoid bloating the main chain with unnecessary smart contracts. Instead, only major infrastructure upgrades will take place on the main chain. All other smart contracts can be implemented on sidechains, enabling scalability. This kind of hierarchical and structured design philosophy will pave the way for a future blockchain paradigm, such as the aforementioned development from stand-alone computation to a distributed one. This is a key innovation in blockchain technology, and more important than the partial technology of singular consensus algorithms and chains. The team will implement basic services as sidechains for global and public use. These services include ID generation, token distribution, digital asset trading, and fast payment systems. These basic services, all important infrastructural components, are part of the Elastos Smart Web. In addition, the team will also provide support for third-party sidechain development. Transactions are the most important part of the interface between the main and sidechains. The transaction procedure for sending tokens from the main chain to a sidechain is equivalent to sending from a user account on the main chain to a multi-signature address corresponding to the sidechain. The process automatically checks that the sidechain can identify the transaction and deposit the equivalent value of sidechain tokens to the sidechain account.
What is the business model for Elastos?
Example of how the above works?
Current blockchain technology allows for the recording of property rights. But while users can prove that digital books belong to them, they can’t necessarily prevent people from stealing or reading these books without permission. In such an environment, it is very difficult to monetize digital assets. Elastos aims to solve this problem by creating an environment in which the execution of a digital asset (i.e., the viewing, buying or selling of a digital movie) all take place on the Elastos Smart Web, and therefore abide by the rules of smart contracts. The creator of digital content can use a tool, provided by Elastos, to determine the number of digital assets to produce. Authors, for example, can decide that they only want to have 5000 copies of their books in circulation on the Smart Web. Setting a finite amount of digital content produces scarcity and enables the realization of capital. Elastos also wants to enable consumers to become investors. Say there are only 5000 digital books in circulation, and that these books become extremely popular. That means that every one of those books will increase in value, creating potential wealth for the people who bought them. After enjoying the book, the customer could sell it to someone else for a higher price. Users can also buy limited edition game apps. After playing those games in Elastos Runtime on their cell phones, they can sell the games to other people. Because these games are limited editions, their value will fluctuate on the second-hand market. In another use case, filmmakers could raise money for their movies by crowdfunding through issuing their tokens. The filmmakers could write a smart contract saying that every time someone watches the movie, token holders will get a small share of the fee. The filmmakers may also write another smart contract to let moviegoers sell the movie peer-to-peer or via social networks and receive commissions. This system creates financial opportunities for both creators and consumers, thus incentivizing more people to use Elastos. The accumulation of more users will incentivize more digital content creators to produce and publish content on the Elastos platform. This increase in content could then attract even more users, and those additional users will create more content. This is a positive cycle that will result in a large amount of valuable digital content that can be used to generate wealth.
submitted by amos1994 to CryptoCurrency [link] [comments]

If You Do Monthly Fixed Investment of 0.05 Bitcoin, What Will Happen in Your Future?

If You Do Monthly Fixed Investment of 0.05 Bitcoin, What Will Happen in Your Future?
Under the current situation that Chinese citizens generally lack financial knowledge, most people’s understanding of investment is limited to real estate speculation and stock market. Real estate speculation is also due to the need for life, the development policy and urbanization process since China's reform and opening up. These made a cognitive behavior for Chinese. The Chinese stock market is like a playground for giants and powerful people. It is more like an abyss that can't be entered for ordinary people.
Code of Lucky Draw: TIWMEK7G
So, what investment methods are suitable for ordinary people who have a poor understanding of financial knowledge? I believe that the most important thing is to understand the two core points of investment:
First, the investment target must be beneficial to society. Second, the investment target is a new thing that a few people know. The first point is linked to risk awareness. As time goes by, those industries that are beneficial to society will continuously rise. This is an inevitable trend. The second point is linked to the benefits. Only a few people know that the marginal benefits can be maximized and the best return on investment can be obtained.
Bitcoin, born in 2011, its underlying technology(blockchain) has become a revolutionary technology that is transforming the global financial order. As everyone knows, the maximum limit for Bitcoin is 21 million, each of which can be divided into 10 squares, and the mining revenue is halved every four years. So far, 17 million coins have been mined, so the last bitcoin will be dug in 2140. After that, according to the Bitcoin agreement, no coins can be dug.
The problem here is that not all of the 17 million bitcoins can be traded.

https://preview.redd.it/siz585y5nwt11.png?width=797&format=png&auto=webp&s=69253cde87f2867689233fadcb57b23139029756
According to a research report by blockchain analysis company Chainalysis, about 4 million bitcoins are currently lost and cannot be retrieved. The main reason is the loss of private keys. This means that the 4 million bitcoins cannot participate in real circulation, it just be displayed in the data of circulation. Therefore, we can understand that the total amount of bitcoin involved in circulation in the world is about 13 million, which means that the total amount of bitcoin will be less than 21 million. So it will become even more rare.
According to Statista, as of the end of September 2018, the number of bitcoin wallets registered in the blockchain exceeded 28 million, but the number of truly active wallets is less than 40%. Currently, the global population is 7.6 billion, that is, as long as one has Bitcoin, he/she has surpassed 99.9% of the world.
https://preview.redd.it/3whtskt6nwt11.png?width=867&format=png&auto=webp&s=f72575f7294e068e6f6f6e82890df765df73e922
Based on the above data, it can be concluded that Bitcoin, born in 2011, is a relatively stable investment option. But for most Chinese citizens, whose monthly income is below 10,000 Yuan, fixed investment is the best choice. The bitcoin price of is 45,094 RMB when the author is writing the article. Even though it is calculated by 45,000 yuan and the monthly fixed investment is 0.05 piece of Bitcoin, it is 2250 yuan. That is not more than half of the monthly income. It is a safe strategy. 1.2 bitcoins will be held in two years in the way of investment, and as the price of bitcoin fluctuates, the monthly investment amount will fluctuate. Bitcoin price have fallen by 72% from the peak of $22,618 at the beginning of the year to the current $6,380, and the long-term bear market may be the best time to enter.
A Harvard scholar predicted that bitcoin prices could exceed $100,000 by February 2021, and the price is nearly 16 times higher than the current price. The scholar announced that Bitcoin is the first cryptocurrency to follow Moore's Law. In an email to Business Insider, investor Dennis Porto said that after analyzing the performance of Bitcoin, Bitcoin is the "first" currency that follows the rules of encryption technology. As every country constantly improve their cryptocurrency policies and do more construction on the ecological application of Bitcoin, the value of Bitcoin will also rise as time goes by. Whether it is investment or the cultivation of personal values, it should be a long-term goal, taking time as the most important wealth to accumulate more value. Forward-looking people can see five or even ten years of future financial technology development. They are either entrepreneurs or investors and their discount factor are also much higher than ordinary people.
submitted by VenaNetwork to VenaProtocol [link] [comments]

AE: New Generation Blockchain Network | [ONETOP Rating]

By Nanjiang He ONETOP Rating April 29, 2018
Statement: the content of this assessment is for reference only. It claims no responsibility for any investment behavior made according to the contents of this assessment. The project is risky and the investment must be prudent.
Introduction
At present, investment in the blockchain market continues to heat up, with many startup teams joining in one after another, and many traditional companies package themselves and crowd into the ranks. In this situation, investors of all stripes also are rolling up their sleeves for the battle of entering the market. However, as a new thing, blockchain projects at home and abroad are uneven with good and bad mixing together, and there is even a lack of relevant information to identify and judge projects in China, which is confusing and difficult for the investors to get started. Integrated professional mathematical model and economic model, ONETOP rating team, developed version 1.0 of the Market rating model for the blockchain project, as a reference to help investors analyze blockchain projects comprehensively, systematically and objectively, make better investment decisions, and also introduce overseas high-quality projects into China.
I. Project Overview
Aeternity, known as a new generation blockchain network, was launched in 2016 by Yanislav Malahov, a German computer scientist and the "godfather" of Ethereum, Zack Hess, former core developer of Augur and Jack Pettersson, former core developer of Synereo. Aeternity gathers together many disruptive innovations to restore the underlying protocols of today's smart contracts. Aeternity's technical highlights are Turing Complete State Channels and Oracles.
II. Project Evaluation
1
Market analysis
Weight: 30%, Total score: 3 points, Score: 2.35 points
01
Market space
Digital currency's total market cap is 2174.781 billion yuan until April 19, 2018, of which ETH's tradable market cap is 330.4 billion yuan.
The virtual currency has built a vast ecosystem under the ETH-based smart contracts, but ETH is not flawless since the problems such as high transaction cost and slow transaction speed have not been solved. Aiming at this market, many public blockchain projects emerged at the right time, of which AE, as the most competitive public blockchain project in Europe with a current market cap of 2.7 billion yuan, stand a great chance to replace the status of Ethernet, and the market space is judged to be at level of 100 billion.
According to the model algorithm: The market is tiny: 0 - 2 points, The market is small: 3 - 4 points, The market is medium: 5 - 6 points, The market is big: 7 - 8 points, The market is enormous: 9 - 10 points, AE gets a score of 7 points for this item.
02
02 Market Pain Points
ETH, today’s most mainstream public blockchain, has plenty of shortcomings. For instance, the Ethernet blockchain is bloated and unstable, as well as high transaction cost with slow transaction speed and many other inadequacies. The seriousness of these problems has been revealed when In 2017 ETH got clogged up by the popular ETH based cat game CryptoKitties.
Many public blockchain projects were generated from the market pain point mentioned above, among which EOS, NEO, BTM, and a few others have made improvements in different aspects, but most of them are slow in progress and have some defects in the technical team and the basic structure, which is also a big pain point.
According to the model algorithm: the pain point is tiny: 0 - 2 points, the pain point is small: 3 - 4 points, the Pain point is moderate: 5 - 6 points, the pain point is big: 7 - 8 points, the pain point is enormous: 9 - 10 points. AE gets a score of 8 points on this item.
03
Application Scenario
Scenario 1: Information Market
Recently, we have seen many developers pushing for a decentralized prediction market, which combines what academics call feasibility theories to match the decision-making with the direction of the market.
In the field of small payments, Aeternity puts forward the prediction market to a new level.
Aeternity's technology combines prediction markets with smart contracts, such as weather forecast betting contracts and event betting contracts in the field of gambling.
Scenario 2: Crowdfounding Projects
It’s a new attempt to raise a crowdfunding project based on an absolutely secure smart contract. These specific smart contracts can be used to finance many projects, while meanwhile protecting investors' funds from risks, because if a project fails in the end, then investors' money can be returned.
Through Oracles, Aeternity can also realize such a function: only after the project has completed the delivery of the products or services can it receive the reward.
Scenario 3: Competitive Game Bonus
The game industry is a massive market with rapid development in the blockchain ecosystem given its specificity. Because there are no middlemen, users can fully control the transactions inside the game, and the consideration of the transactions are the lowest price. This is an anti-fraud network. The irreversible trading features brought by blockchain technology deliver a trusted and safe user interaction experience to the game industry.
From simple games to high-end electronic games, users can rely on Aeternity to achieve swift transactions and enjoy the game in a happy and relaxed mood.
Scenario 4: Trustfree Exchange
Aeternity supports cross-chain, trustfree atomic level interchange, such as exchange AE token with Bitcoin or other digital currencies.
Aeternity supports cross-chain, trustfree atomic level interchange, such as exchange AE token with Bitcoin or other digital currencies.
Scenario 5: Micro-payment and Ultramicro-payment
Aeternity's unique processing mode, able to process payments offchain through state channels, has brought the transaction mode up to a new level. The transaction can be confirmed immediately, and privacy can be protected.
According to the model algorithm: The reasonable level of the application scenario is tiny: 0 - 2 points, the reasonable level of the application scenario is small: 3 - 4 points, the reasonable level of the application scenario is moderate: 5 - 6 points, the reasonable level of the application scenario is big: 7 - 8 points, The reasonable level of the application scenario is enormous: 9 - 10 points. The score AE gets on this item is 9 points.
04
Token Mechanisms
Total supply of tokens: 273,685,830 pieces
Token name: AE
Token distribution: 82% for sale, 17% for foundation and founding team, 1% for the bounty program.
Tradable token : 233,020,472 pieces
Tradable market cap: RMB 2,739,350,453
According to the model algorithm: the reasonable level of the token mechanism is tiny: 0 - 2 points, the reasonable degree of the token mechanism is small: 3 - 4 points, the reasonable degree of the token mechanism is moderate: 5 - 6 points, the reasonable degree of the token mechanism is big: 7 - 8 points, the reasonable degree of the token mechanism is enormous: 9 - 10 points. The score AE gets on this item is 8 points.
Overall score of this dimension: 7 * 10 % 8 * 10 % 9 * 5 % 8 * 5 % = 2.35 points.
2
Activity Level
Weights: 10 % Total Score: 1 Point, Score: 0.6 Point
The way we judge activity is mainly from the social channels of the project, such as the number of users and the activity level of Telegraph, Twitter and Facebook and so forth, which are the main social media of Aeternity.
01
Twitter
390 followers on Twitter and only one tweet. So we can tell it have no activity level at all.
02
Youtube
2421 Followers on Facebook, 2027 liked.
03
Telegram
In the Telegram, 8,600 people in the official group, and 500 of average daily conversations.
Among all the various communities, Aeternity has a relatively high number of fans and activity level in the group of the telegraph, but gets low attention on Twitter and Facebook.
According to the model algorithm: Activity level is tiny: 0 - 2 points, Activity level is low: 3 - 4 points, Activity level is moderate: 5 - 6 points, Activity level is high: 7 - 8 points, Activity level is enormous: 9 - 10 points. The score AE gets on this item is 6 points.
Overall score of this dimension: 6 * 10 % = 0.6point
3
Risk Assessment
Weights: 10 %, Total Score: 1 Point, Score: 0.62 Point
01
Project Development Difficulty
AE has four points of innovations, and we will talk about them one by one:
1. State Channels
The smart contracts of Aeternity is an unmixed function option only existing in the state channel. Like a digital court with self-determination ability, this particular method can effectively reduce the congestion level of the parent blockchain and enhance the transaction efficiency.
2. Decentralized Oracles
The so-called " oracle" means that everyone can set up a valuation adjustment mechanism ( VAM ) on AE and decide the success or failure of it in the future, thus implementing the market forecast. There will be a great chance to apply this technology in ICO and gambling.
  1. Consensus
" Aeternity Blockchain" achieves consensus creatively through a dual algorithm that combining proof of work (PoW) with proof of stake (PoS) method." ”
Aeternity blockchain achieves consensus through a highly innovative dual algorithm, combing PoW and PoS. Based on this algorithm, even smartphones can dig up new coins, which would be the extreme of decentralization. PoS will be applied in scenarios such as predicting the market on the blockchain.
4. Unparalleled Technology Management
On the blockchain of Aeternity, the data information needed to predict market type projects will be straightforward to obtain. These predicted markets will be represented by any number from 0 to 1, which means to miners that which version of blockchain needs to be mined. Such a technical management mechanism is also applicable to the error correction of oracles. This mechanism can also be used to set some variables of the blockchain ( such as to calculate reward, block size, etc. ).
This set of technology is very innovative, but it also greatly increases the difficulty of development.
According to the model algorithm: the development is extremely difficult: 0 - 2 points, the development is difficult: 3 - 4 points, medium development difficulty: 5 - 6 points, the development difficulty is small: 7 - 8 points, the development difficulty is tiny: 9 - 10 points. The score AE gets on this item is 7 points.
02
Competition
At present, the industry competitors are EOS, ETH, XAS, ETP, ADA, QTUM, NEO and so on.
From the data on Feixiaohao.com (a website specialized in big data analysis of digital currency quotation), the total amount of currencies in the smart contracts module has reached 25, and the competition is fierce.
According to the model algorithm: competition is extremely high: 0 - 2 points, competition is high: 3 - 4 points, moderate level of competition: 5 - 6 points, low level of competition: 7 - 8 points, a minimal level of competition: 9 - 10 points. The score AE get on this item is 5 points.
03
Other Risks
Two CTO of early days in the project team have resigned, and there were rumors of dissension in the team, which makes people to worry about the team's stability.
According to the model algorithm: very high risk: 0 - 2 points, higher risk: 3 - 4 points, medium risk: 5 - 6 points, less risk: 7 - 8 points, minimal risk: 9 - 10 points. The score AE gets on this item is 7 points.
Overall score of this dimension: 7 * 4 % 5 * 4 % 7 * 2 % = 0.62 point
4
Key technology
Weights 15 %, Total Score: 1.5 points, Score: 1.35 points
01
Technological Innovation
  1. State Channels
The smart contracts of Aeternity is an unmixed function option only existing in the state channel. The user only interacts on the sidechain. Only when there is disagreement, code and smart contracts will involve blockchain. The whole model is like a digital court with self-determination ability.
2. Deconcentrated Oracle Mechanism
Oracles can provide public data that cannot be tampered with and can execute contracts according to the setting of the oracles. The core content of these mass commercial application such as election results, asset prices, or weather conditions, will apply to Aeternity's oracles.
3. Consensus
Aeternity blockchain achieves consensus through a highly innovative dual algorithm which combines PoW with PoS. The “cuckoo bird” proof method, which promoted the development of random access memory (DRAM), is more efficient with its effect appearing indirectly. Based on this algorithm, even smartphones can dig up new coins, which will be the extreme of decentralization. PoS will be applied in scenarios such as predicting the market on the blockchain.
4. Unparalleled Technology Management
Aeternity brings about a future society in which miners will vote, and value holders will make decisions together.
On the blockchain of Aeternity, the data information needed to predict market type projects will be straightforward to obtain. These predicted markets will be represented by any number from 0 to 1, which means to miners that which version of blockchain needs to be mined.
According to the model algorithm: the degree of technological innovation is extremely low: 0 - 2 points, the degree of Technological innovation is lower: 3 - 4 points, the degree of technological innovation is medium: 5 - 6 points, the degree of technological innovation is higher 7 - 8 points, The degree of technological innovation is higher 9 - 10 points. The score AE gets on this item is 9 points.
02
Code Status
According to information on https://github.com/aeternity, Aeternity has submitted 1601 pieces of codes so far, which ranks 33rd in the number of updates. Compared with other projects horizontally, the efficiency of AE’s update is relatively higher.
According to the model algorithm: the code has not published: 0 - 4 points, Code status medium: 5 - 6 points, the code is in good condition: 7 - 8 points, the code is in excellent condition: 9 - 10 points. The score AE gets on this item is 9 points.
Overall score of this dimension: 9 * 10 %+9 * 5 % = 1.35 points
5
Execution status
Weights 15 %, Total Score: 1.5 Points, Score: 1.2 Points
According to the officially released route map:
· 2017 Q1-Q3-Starting Period
· 2017 Q1-Testing and Launching
· 2017 Q1-Q2-Complete and have some backing campaign
· 2017 Q3-Building essential Apps
· 2018 Q1-Security Audit
· 2018 Q2 - Mainnet launch
The project is currently in 2018 / Q1 with a high degree of performance.
According to the model algorithm: extremely low degree of implementation: 0 - 2 points, lesser degree of implementation: 3 - 4 points, medium degree of Implementation: 5 - 6 points, A higher degree of implementation: 7 - 8 points, extremely high degree of implementation: 9 - 10 points. The score AE gets on this item is 8 points.
Overall score of this dimension: 8 * 15 % = 1.2 points.
6
Team evaluation
Weights 20 % Total Score: 2 points, Score: 2 points
01
Team member
  1. Team CEO
Yanislav, a person of authority in the field of blockchain, has participated in the development of blockchain technology in the early days, and have exchanged technology and ideas with many “old gods” in the field.
In 2013, Yanis Lav envisioned to establish smart contracts on the blockchain, which predates the emergence of ETH, so Yanislav is called " Godfather of Ethereum." Now, as he grows older, a new version of his vision becomes a reality again.
  1. Directors
Since the beginning of 2014, Marion has been particularly interested in integrating technology into the community due to the influence of blockchain technology. She mostly specializes in studying the social-economic impact, disseminating information and taking care of the efficiency of Aeternity’s operation. Before that, she worked in Silicon Valley in the field of marketing and business development.
  1. Team COO
As the founder of a publishing media company ( Proud ), a restaurant ( Beuster ) and two technology start-up companies ( Dropspot and Abend ( 30 employees )), Emin has been an active entrepreneur since 2008. He is a C-level IT product and engineering manager. In the field of blockchain, he was an early adopter, a former Bitcoin miner, and an Ethereum investor. Emin is the CPO and Operations Manager of Aeternity blockchain.
  1. Team Consultant
John specializes in board games, artificial intelligence, algorithmic information theory, distributed computing, and computational biology, etc. Recently, he has been designing a new workflow verification system called "Cuckoo Cycle," which will apply blockchain technology. John is providing advice on the integration of the "Cuckoo Cycle" mining algorithm.
02
Other members
According to the information obtained from its official website, the team has a large group of members including many developers, technicians, and marketing staffs. We do not introduce all of them here due to limited space.
According to the model algorithm: team strength is extremely weak: 0 - 2 points, team strength is weak: 3 - 4 points, team strength is medium: 5 - 6 points, team strength is high: 7 - 8 points, Team strength is extremely high: 9 - 10 points. The score AE gets on this item is 10 points.
Overall score of this dimension: 10 * 20 % = 2 points
Evaluation
To sum up, M dimension 2.35 points, A dimension 0.6 points, R dimension 0.62 points, K dimension 1.35 points, E dimension 1.2 points, T dimension 2 points. The total score is 8.12.
The total score 8.12 points, investment grade A, the project has a strong comprehensive ability.
Attached: score rating scale
submitted by ONETOPGlobal to u/ONETOPGlobal [link] [comments]

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