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Craig Steven Wright is Satoshi Nakamoto
A couple of years ago in the early months of the 2017, I published a piece called Abundance Via Cryptocurrencies (https://www.reddit.com/C\_S\_T/comments/69d12a/abundance\_via\_cryptocurrencies/) in which I kind of foresaw the crypto boom that had bitcoin go from $1k to $21k and the alt-coin economy swell up to have more than 60% of the bitcoin market capitalisation. At the time, I spoke of coming out from “the Pit” of conspiracy research and that I was a bit suss on bitcoin’s inception story. At the time I really didn’t see the scaling solution being put forward as being satisfactory and the progress on bitcoin seemed stifled by the politics of the social consensus on an open source protocol so I was looking into alt coins that I thought could perhaps improve upon the shortcomings of bitcoin. In the thread I made someone recommended to have a look at 4chan’s business and finance board. I did end up taking a look at it just as the bull market started to really surge. I found myself in a sea of anonymous posters who threw out all kinds of info and memes about the hundreds, thousands, tens of thousands of different shitcoins and why they’re all going to have lambos on the moon. I got right in to it, I loved the idea of filtering through all the shitposts and finding the nuggest of truth amongst it all and was deeply immersed in it all as the price of bitcoin surged 20x and alt coins surged 5-10 times against bitcoin themselves. This meant there were many people who chucked in a few grand and bought a stash of alt coins that they thought were gonna be the next big thing and some people ended up with “portfolios” 100-1000x times their initial investment. To explain what it’s like to be on an anonymous business and finance board populated with incel neets, nazis, capitalist shit posters, autistic geniuses and whoever the hell else was using the board for shilling their coins during a 100x run up is impossible. It’s hilarious, dark, absurd, exciting and ultimately addictive as fuck. You have this app called blockfolio that you check every couple of minutes to see the little green percentages and the neat graphs of your value in dollars or bitcoin over day, week, month or year. Despite my years in the pit researching conspiracy, and my being suss on bitcoin in general I wasn’t anywhere near as distrustful as I should have been of an anonymous business and finance board and although I do genuinely think there are good people out there who are sharing information with one another in good faith and feel very grateful to the anons that have taken their time to write up quality content to educate people they don’t know, I wasn’t really prepared for the level of organisation and sophistication of the efforts groups would go to to deceive in this space. Over the course of my time in there I watched my portfolio grow to ridiculous numbers relative to what I put in but I could never really bring myself to sell at the top of a pump as I always felt I had done my research on a coin and wanted to hold it for a long time so why would I sell? After some time though I would read about something new or I would find out of dodgy relationships of a coin I had and would want to exit my position and then I would rebalance my portfolio in to a coin I thought was either technologically superior or didn’t have the nefarious connections to people I had come across doing conspiracy research. Because I had been right in to the conspiracy and the decentralisation tropes I guess I always carried a bit of an antiauthoritarian/anarchist bias and despite participating in a ridiculously capitalistic market, was kind of against capitalism and looking to a blockchain protocol to support something along the lines of an open source anarchosyndicalist cryptocommune. I told myself I was investing in the tech and believed in the collective endeavour of the open source project and ultimately had faith some mysterious “they” would develop a protocol that would emancipate us from this debt slavery complex. As I became more and more aware of how to spot artificial discussion on the chans, I began to seek out further some of the radical projects like vtorrent and skycoin and I guess became a bit carried away from being amidst such ridiculous overt shilling as on the boards so that if you look in my post history you can even see me promoting some of these coins to communities I thought might be sympathetic to their use case. I didn’t see it at the time because I always thought I was holding the coins with the best tech and wanted to ride them up as an investor who believed in them, but this kind of promotion is ultimately just part of a mentality that’s pervasive to the cryptocurrency “community” that insists because it is a decentralised project you have to in a way volunteer to inform people about the coin since the more decentralised ones without premines or DAO structures don’t have marketing budgets, or don’t have marketing teams. In the guise of cultivating a community, groups form together on social media platforms like slack, discord, telegram, twitter and ‘vote’ for different proposals, donate funds to various boards/foundations that are set up to give a “roadmap” for the coins path to greatness and organise marketing efforts on places like reddit, the chans, twitter. That’s for the more grass roots ones at least, there are many that were started as a fork of another coin, or a ICO, airdrop or all these different ways of disseminating a new cryptocurrency or raising funding for promising to develop one. Imagine the operations that can be run by a team that raised millions, hundreds of millions or even billions of dollars on their ICOs, especially if they are working in conjunction with a new niche of cryptocurrency media that’s all nepotistic and incestuous. About a year and a half ago I published another piece called “Bitcoin is about to be dethroned” (https://www.reddit.com/C\_S\_T/comments/7ewmuu/bitcoin\_is\_about\_to\_be\_dethroned/) where I felt I had come to realise the scaling debate had been corrupted by a company called Blockstream and they had been paying for social media operations in a fashion not to dissimilar to correct the record or such to control the narrative around the scaling debate and then through deceit and manipulation curated an apparent consensus around their narrative and hijacked the bitcoin name and ticker (BTC). I read the post again just before posting this and decided to refer to it to to add some kind of continuity to my story and hopefully save me writing so much out. Looking back on something you wrote is always a bit cringey especially because I can see that although I had made it a premise post, I was acting pretty confident that I was right and my tongue was acidic because of so much combating of shills on /biz/ but despite the fact I was wrong about the timing I stand by much of what I wrote then and want to expand upon it a bit more now. The fork of the bitcoin protocol in to bitcoin core (BTC) and bitcoin cash (BCH) is the biggest value fork of the many that have occurred. There were a few others that forked off from the core chain that haven’t had any kind of attention put on them, positive or negative and I guess just keep chugging away as their own implementation. The bitcoin cash chain was supposed to be the camp that backed on chain scaling in the debate, but it turned out not everyone was entirely on board with that and some players/hashpower felt it was better to do a layer two type solution themselves although with bigger blocks servicing the second layer. Throughout what was now emerging as a debate within the BCH camp, Craig Wright and Calvin Ayre of Coin Geek said they were going to support massive on chain scaling, do a node implementation that would aim to restore bitcoin back to the 0.1.0 release which had all kinds of functionality included in it that had later been stripped by Core developers over the years and plan to bankrupt the people from Core who changed their mind on agreeing with on-chain scaling. This lead to a fork off the BCH chain in to bitcoin satoshis vision (BSV) and bitcoin cash ABC. https://bitstagram.bitdb.network/m/raw/cbb50c322a2a89f3c627e1680a3f40d4ad3cee5a3fb153e5d6d001bdf85de404 The premise for this post is that Craig S Wright was Satoshi Nakamoto. It’s an interesting premise because depending upon your frame of reference the premise may either be a fact or to some too outrageous to even believe as a premise. Yesterday it was announced via CoinGeek that Craig Steven Wright has been granted the copyright claim for both the bitcoin white-paper under the pen name Satoshi Nakamoto and the original 0.1.0 bitcoin software (both of which were marked (c) copyright of satoshi nakamoto. The reactions to the news can kind of be classified in to four different reactions. Those who heard it and rejected it, those who heard it but remained undecided, those who heard it and accepted it, and those who already believed he was. Apparently to many the price was unexpected and such a revelation wasn’t exactly priced in to the market with the price immediately pumping nearly 100% upon the news breaking. However, to some others it was a vindication of something they already believed. This is an interesting phenomena to observe. For many years now I have always occupied a somewhat positively contrarian position to the default narrative put forward to things so it’s not entirely surprising that I find myself in a camp that holds the minority opinion. As you can see in the bitcoin dethroned piece I called Craig fake satoshi, but over the last year and bit I investigated the story around Craig and came to my conclusion that I believed him to be at least a major part of a team of people who worked on the protocol I have to admit that through reading his articles, I have kind of been brought full circle to where my contrarian opinion has me becoming somewhat of an advocate for “the system’. https://coingeek.com/bitcoin-creator-craig-s-wright-satoshi-nakamoto-granted-us-copyright-registrations-for-bitcoin-white-paper-and-code/ When the news dropped, many took to social media to see what everyone was saying about it. On /biz/ a barrage of threads popped up discussing it with many celebrating and many rejecting the significance of such a copyright claim being granted. Immediately in nearly every thread there was a posting of an image of a person from twitter claiming that registering for copyright is an easy process that’s granted automatically unless challenged and so it doesn’t mean anything. This was enough for many to convince them of the insignificance of the revelation because of the comment from a person who claimed to have authority on twitter. Others chimed in to add that in fact there was a review of the copyright registration especially in high profile instances and these reviewers were satisfied with the evidence provided by Craig for the claim. At the moment Craig is being sued by Ira Kleiman for an amount of bitcoin that he believes he is entitled to because of Craig and Ira’s brother Dave working together on bitcoin. He is also engaged in suing a number of people from the cryptocurrency community for libel and defamation after they continued to use their social media/influencer positions to call him a fraud and a liar. He also has a number of patents lodged through his company nChain that are related to blockchain technologies. This has many people up in arms because in their mind Satoshi was part of a cypherpunk movement, wanted anonymity, endorsed what they believed to be an anti state and open source technologies and would use cryptography rather than court to prove his identity and would have no interest in patents. https://bitstagram.bitdb.network/m/raw/1fce34a7004759f8db16b2ae9678e9c6db434ff2e399f59b5a537f72eff2c1a1 https://imgur.com/a/aANAsL3) If you listen to Craig with an open mind, what cannot be denied is the man is bloody smart. Whether he is honest or not is up to you to decide, but personally I try to give everyone the benefit of the doubt and then cut them off if i find them to be dishonest. What I haven’t really been able to do with my investigation of craig is cut him off. There have been many moments where I disagree with what he has had to say but I don’t think people having an opinion about something that I believe to be incorrect is the same as being a dishonest person. It’s very important to distinguish the two and if you are unable to do so there is a very real risk of you projecting expectations or ideals upon someone based off your ideas of who they are. Many times if someone is telling the truth but you don’t understand it, instead of acknowledging you don’t understand it, you label them as being stupid or dishonest. I think that has happened to an extreme extent with Craig. Let’s take for example the moment when someone in the slack channel asked Craig if he had had his IQ tested and what it was. Craig replied with 179. The vast majority of people on the internet have heard someone quote their IQ before in an argument or the IQ of others and to hear someone say such a score that is actually 6 standard deviations away from the mean score (so probably something like 1/100 000) immediately makes them reject it on the grounds of probability. Craig admits that he’s not the best with people and having worked with/taught many high functioning people (sometimes on the spectrum perhaps) on complex anatomical and physiological systems I have seen some that also share the same difficulties in relating to people and reconciling their genius and understandings with more average intelligences. Before rejecting his claim outright because we don’t understand much of what he says, it would be prudent to first check is there any evidence that may lend support to his claim of a one in a million intelligence quotient. Craig has mentioned on a number of occasions that he holds a number of different degrees and certifications in relation to law, cryptography, statistics, mathematics, economics, theology, computer science, information technology/security. I guess that does sound like something someone with an extremely high intelligence could achieve. Now I haven’t validated all of them but from a simple check on Charles Sturt’s alumni portal using his birthday of 23rd of October 1970 we can see that he does in fact have 3 Masters and a PhD from Charles Sturt. Other pictures I have seen from his office at nChain have degrees in frames on the wall and a developer published a video titled Craig Wright is a Genius with 17 degrees where he went and validated at least 8 of them I believe. He is recently publishing his Doctorate of Theology through an on-chain social media page that you have to pay a little bit for access to sections of his thesis. It’s titled the gnarled roots of creation. He has also mentioned on a number of occasions his vast industry experience as both a security contractor and business owner. An archive from his LinkedIn can be seen below as well. LinkedIn - https://archive.is/Q66Gl https://youtu.be/nXdkczX5mR0 - Craig Wright is a Genius with 17 Degrees https://www.yours.org/content/gnarled-roots-of-a-creation-mythos-45e69558fae0 - Gnarled Roots of Creation. In fact here is an on chain collection of articles and videos relating to Craig called the library of craig - https://www.bitpaste.app/tx/94b361b205196560d1bd09e4e3b3ec7ad6bea478af204cabfe243efd8fc944dd So there is a guy with 17 degrees, a self professed one in a hundred thousand IQ, who’s worked for Australian Federal Police, ASIO, NSA, NASA, ASX. He’s been in Royal Australian Air Force, operated a number of businesses in Australia, published half a dozen academic papers on networks, cryptography, security, taught machine learning and digital forensics at a number of universities and then another few hundred short articles on medium about his work in these various domains, has filed allegedly 700 patents on blockchain related technology that he is going to release on bitcoin sv, copyrighted the name so that he may prevent other competing protocols from using the brand name, that is telling you he is the guy that invented the technology that he has a whole host of other circumstantial evidence to support that, but people won’t believe that because they saw something that a talking head on twitter posted or that a Core Developer said, or a random document that appears online with a C S Wright signature on it that lists access to an address that is actually related to Roger Ver, that’s enough to write him off as a scam. Even then when he publishes a photo of the paper copy which appears to supersede the scanned one, people still don’t readjust their positions on the matter and resort back to “all he has to do is move the coins or sign a tx”. https://imgur.com/urJbe10 Yes Craig was on the Cypherpunk mailing list back in the day, but that doesn’t mean that he was or is an anarchist. Or that he shares the same ideas that Code Is Law that many from the crypto community like to espouse. I myself have definitely been someone to parrot the phrase myself before reading lots of Craig’s articles and trying to understand where he is coming from. What I have come to learn from listening and reading the man, is that although I might be fed up with the systems we have in place, they still exist to perform important functions within society and because of that the tools we develop to serve us have to exist within that preexisting legal and social framework in order for them to have any chance at achieving global success in replacing fiat money with the first mathematically provably scarce commodity. He says he designed bitcoin to be an immutable data ledger where everyone is forced to be honest, and economically disincentivised to perform attacks within the network because of the logs kept in a Write Once Read Many (WORM) ledger with hierarchical cryptographic keys. In doing so you eliminate 99% of cyber crime, create transparent DAO type organisations that can be audited and fully compliant with legislature that’s developed by policy that comes from direct democratic voting software. Everyone who wants anonymous coins wants to have them so they can do dishonest things, illegal things, buy drugs, launder money, avoid taxes. Now this triggers me a fair bit as someone who has bought drugs online, who probably hasn’t paid enough tax, who has done illegal things contemplating what it means to have that kind of an evidence ledger, and contemplate a reality where there are anonymous cryptocurrencies, where massive corporations continue to be able to avoid taxes, or where methamphetamine can be sold by the tonne, or where people can be bought and sold. This is the reality of creating technologies that can enable and empower criminals. I know some criminals and regard them as very good friends, but I know there are some criminals that I do not wish to know at all. I know there are people that do horrific things in the world and I know that something that makes it easier for them is having access to funds or the ability to move money around without being detected. I know arms, drugs and people are some of the biggest markets in the world, I know there is more than $50 trillion dollars siphoned in to off shore tax havens from the value generated as the product of human creativity in the economy and how much human charity is squandered through the NGO apparatus. I could go on and on about the crappy things happening in the world but I can also imagine them getting a lot worse with an anonymous cryptocurrency. Not to say that I don’t think there shouldn’t be an anonymous cryptocurrency. If someone makes one that works, they make one that works. Maybe they get to exist for a little while as a honeypot or if they can operate outside the law successfully longer, but bitcoin itself shouldn’t be one. There should be something a level playing field for honest people to interact with sound money. And if they operate within the law, then they will have more than adequate privacy, just they will leave immutable evidence for every transaction that can be used as evidence to build a case against you committing a crime. His claim is that all the people that are protesting the loudest about him being Satoshi are all the people that are engaged in dishonest business or that have a vested interest in there not being one singular global ledger but rather a whole myriad of alternative currencies that can be pumped and dumped against one another, have all kinds of financial instruments applied to them like futures and then have these exchanges and custodial services not doing any Know Your Customer (KYC) or Anti Money Laundering (AML) processes. Bitcoin SV was delisted by a number of exchanges recently after Craig launched legal action at some twitter crypto influencetalking heads who had continued to call him a fraud and then didn’t back down when the CEO of one of the biggest crypto exchanges told him to drop the case or he would delist his coin. The trolls of twitter all chimed in in support of those who have now been served with papers for defamation and libel and Craig even put out a bitcoin reward for a DOX on one of the people who had been particularly abusive to him on twitter. A big european exchange then conducted a twitter poll to determine whether or not BSV should be delisted as either (yes, it’s toxic or no) and when a few hundred votes were in favour of delisting it (which can be bought for a couple of bucks/100 votes). Shortly after Craig was delisted, news began to break of a US dollar stable coin called USDT potentially not being fully solvent for it’s apparent 1:1 backing of the token to dollars in the bank. Binance suffered an alleged exchange hack with 7000 BTC “stolen” and the site suspending withdrawals and deposits for a week. Binance holds 800m USDT for their US dollar markets and immediately once the deposits and withdrawals were suspended there was a massive pump for BTC in the USDT markets as people sought to exit their potentially not 1:1 backed token for bitcoin. The CEO of this exchange has the business registered out of Malta, no physical premises, the CEO stays hotel room to hotel room around the world, has all kind of trading competitions and the binance launchpad, uses an unregistered security to collect fees ($450m during the bear market) from the trading of the hundreds of coins that it lists on its exchange and has no regard for AML and KYC laws. Craig said he himself was able to create 100 gmail accounts in a day and create binance accounts with each of those gmail accounts and from the same wallet, deposit and withdraw 1 bitcoin into each of those in one day ($8000 x 100) without facing any restrictions or triggering any alerts or such. This post could ramble on for ever and ever exposing the complexities of the rabbit hole but I wanted to offer some perspective on what’s been happening in the space. What is being built on the bitcoin SV blockchain is something that I can only partially comprehend but even from my limited understanding of what it is to become, I can see that the entirety of the crypto community is extremely threatened as it renders all the various alt coins and alt coin exchanges obsolete. It makes criminals play by the rules, it removes any power from the developer groups and turns the blockchain and the miners in to economies of scale where the blockchain acts as a serverless database, the miners provide computational resources/storage/RAM and you interact with a virtual machine through a monitor and keyboard plugged in to an ethernet port. It will be like something that takes us from a type 0 to a type 1 civilisation. There are many that like to keep us in the quagmire of corruption and criminality as it lines their pockets. Much much more can be read about the Cartel in crypto in the archive below. Is it possible this cartel has the resources to mount such a successful psychological operation on the cryptocurrency community that they manage to convince everyone that Craig is the bad guy, when he’s the only one calling for regulation, the application of the law, the storage of immutable records onchain to comply with banking secrecy laws, for Global Sound Money? https://archive.fo/lk1lH#selection-3671.46-3671.55 Please note, where possible, images were uploaded onto the bitcoin sv blockchain through bitstagram paying about 10c a pop. If I wished I could then use an application etch and archive this post to the chain to be immutably stored. If this publishing forum was on chain too it would mean that when I do the archive the images that are in the bitstragram links (but stored in the bitcoin blockchain/database already) could be referenced in the archive by their txid so that they don’t have to be stored again and thus bringing the cost of the archive down to only the html and css.
The biggest announcement of the month was the new kind of decentralized exchange proposed by @jy-p of Company 0. The Community Discussions section considers the stakeholders' response. dcrd: Peer management and connectivity improvements. Some work for improved sighash algo. A new optimization that gives 3-4x faster serving of headers, which is great for SPV. This was another step towards multipeer parallel downloads – check this issue for a clear overview of progress and planned work for next months (and some engineering delight). As usual, codebase cleanup, improvements to error handling, test infrastructure and test coverage. Decrediton: work towards watching only wallets, lots of bugfixes and visual design improvements. Preliminary work to integrate SPV has begun. Politeia is live on testnet! Useful links: announcement, introduction, command line voting example, example proposal with some votes, mini-guide how to compose a proposal. Trezor: Decred appeared in the firmware update and on Trezor website, currently for testnet only. Next steps are mainnet support and integration in wallets. For the progress of Decrediton support you can track this meta issue. dcrdata: Continued work on Insight API support, see this meta issue for progress overview. It is important for integrations due to its popularity. Ongoing work to add charts. A big database change to improve sorting on the Address page was merged and bumped version to 3.0. Work to visualize agenda voting continues. Ticket splitting: 11-way ticket split from last month has voted (transaction). Ethereum support in atomicswap is progressing and welcomes more eyeballs. decred.org: revamped Press page with dozens of added articles, and a shiny new Roadmap page. decredinfo.com: a new Decred dashboard by lte13. Reddit announcement here. Dev activity stats for June: 245 active PRs, 184 master commits, 25,973 added and 13,575 deleted lines spread across 8 repositories. Contributions came from 2 to 10 developers per repository. (chart)
Hashrate: growth continues, the month started at 15 and ended at 44 PH/s with some wild 30% swings on the way. The peak was 53.9 PH/s. F2Pool was the leader varying between 36% and 59% hashrate, followed by coinmine.pl holding between 18% and 29%. In response to concerns about its hashrate share, F2Pool made a statement that they will consider measures like rising the fees to prevent growing to 51%. Staking: 30-day average ticket price is 94.7 DCR (+3.4). The price was steadily rising from 90.7 to 95.8 peaking at 98.1. Locked DCR grew from 3.68 to 3.81 million DCR, the highest value was 3.83 million corresponding to 47.87% of supply (+0.7% from previous peak). Nodes: there are 240 public listening and 115 normal nodes per dcred.eu. Version distribution: 57% on v1.2.0 (+12%), 25% on v1.1.2 (-13%), 14% on v1.1.0 (-1%). Note: the reported count of non-listening nodes has dropped significantly due to data reset at decred.eu. It will take some time before the crawler collects more data. On top of that, there is no way to exactly count non-listening nodes. To illustrate, an alternative data source, charts.dcr.farm showed 690 reachable nodes on Jul 1. Extraordinary event: 247361 and 247362 were two nearly full blocks. Normally blocks are 10-20 KiB, but these blocks were 374 KiB (max is 384 KiB).
Update from Obelisk: shipping is expected in first half of July and there is non-zero chance to meet hashrate target. Another Chinese ASIC spotted on the web: Flying Fish D18 with 340 GH/s at 180 W costing 2,200 CNY (~340 USD). (asicok.com – translated, also on asicminervalue) dcrASIC team posted a farewell letter. Despite having an awesome 16 nm chip design, they decided to stop the project citing the saturated mining ecosystem and low profitability for their potential customers.
Changenow announced the option to buy DCR with fiat.
TokenPride: "We are seeking feedback on the general setup of our payment processor. We have tried to make it simple and user friendly. 10% of all purchases made in Decred will be donated to the Decred Development fund - and we will be releasing original Decred designs in the future".
BlueYard Capital announced investment in Decred and the intent to be long term supporters and to actively participate in the network's governance. In an overview post they stressed core values of the project:
There are a few other remarkable characteristics that are a testament to the DNA of the team behind Decred: there was no sale of DCR to investors, no venture funding, and no payment to exchanges to be listed – underscoring that the Decred team and contributors are all about doing the right thing for long term (as manifested in their constitution for the project). The most encouraging thing we can see is both the quality and quantity of high calibre developers flocking to the project, in addition to a vibrant community attaching their identity to the project.
The company will be hosting an event in Berlin, see Events below. Arbitrade is now mining Decred.
Campus Party in Brasilia, Brazil. @girino, @Rhama and @matheusd talked about Decred. Matheus was interviewed by a TV channel. Check this quick report about the event, click "Show newer" to continue reading. (photos: 123)
Blockchain Summit in London, UK. This was not a full blown presence with stand but rather investigation of opportunities by @kyle and @Ani. The resulting detailed report is a good example of a document advising to stakeholders whether it is worth spending project funds.
Meetup in Berlin, Germany on July 18. @jz will give a talk and Q&A about Decred and chat with Ele from @oscoin about incentivizing developers. Hosted by BlueYard Capital.
Hey guys! I'd like to share with you my latest adventure: Stakey Club, hosted at stakey.club, is a website dedicated to Decred. I posted a few articles in Brazilian Portuguese and in English. I also translated to Portuguese some posts from the Decred Blog. I hope you like it! (slack)
Decred Assembly - Ep20 - Governance: Driving the Future (youtube) @cburniske and @traceagain discuss the importance of governance protocols being foundational and problems with delegated proof of stake
"I think that developers in the future are going to base their decision on where to build on the basis of governance and community. And so I look for good governance mechanisms and strong communities in blockchains." (@decredproject)
What is on-chain cryptocurrency governance? Is it plutocratic? by Richard Red (medium)
Apples to apples, Decred is 20x more expensive to attack than Bitcoin by Zubair Zia (medium)
What makes Decred different and better from other cryptocurrencies? (cxihub.com)
Community stats: Twitter followers 40,209 (+1,091), Reddit subscribers 8,410 (+243), Slack users 5,830 (+172), GitHub 392 stars and 918 forks of dcrd repository. An update on our communication systems:
Matrix chat logs are nowviewable on the web with the exception of some channels that are not bridged. The new web logs means our chats are now fully public and indexed by search engines.
Slack had an outage on Jun 27 that disturbed communications for a few hours, discussions continued on Decred's bridged platforms.
Jake Yocom-Piatt did an AMA on CryptoTechnology, a forum for serious crypto tech discussion. Some topics covered were Decred attack cost and resistance, voting policies, smart contracts, SPV security, DAO and DPoS. A new kind of DEX was the subject of an extensive discussion in #general, #random, #trading channels as well as Reddit. New channel #thedex was created and attracted more than 100 people. A frequent and fair question is how the DEX would benefit Decred. @lukebp has put it well:
Projects like these help Decred attract talent. Typically, the people that are the best at what they do aren’t driven solely by money. They want to work on interesting projects that they believe in with other talented individuals. Launching a DEX that has no trading fees, no requirement to buy a 3rd party token (including Decred), and that cuts out all middlemen is a clear demonstration of the ethos that Decred was founded on. It helps us get our name out there and attract the type of people that believe in the same mission that we do. (slack)
Another concern that it will slow down other projects was addressed by @davecgh:
The intent is for an external team to take up the mantle and build it, so it won't have any bearing on the current c0 roadmap. The important thing to keep in mind is that the goal of Decred is to have a bunch of independent teams on working on different things. (slack)
A chat about Decred fork resistance started on Twitter and continued in #trading. Community members continue to discuss the finer points of Decred's hybrid system, bringing new users up to speed and answering their questions. The key takeaway from this chat is that the Decred chain is impossible to advance without votes, and to get around that the forker needs to change the protocol in a way that would make it clearly not Decred. "Against community governance" article was discussed on Reddit and #governance. "The Downside of Democracy (and What it Means for Blockchain Governance)" was another article arguing against on-chain governance, discussed here. Reddit recap: mining rig shops discussion; how centralized is Politeia; controversial debate on photos of models that yielded useful discussion on our marketing approach; analysis of a drop in number of transactions; concerns regarding project bus factor, removing central authorities, advertising and full node count – received detailed responses; an argument by insette for maximizing aggregate tx fees; coordinating network upgrades; a new "Why Decred?" thread; a question about quantum resistance with a detailed answer and a recap of current status of quantum resistant algorithms. Chats recap: Programmatic Proof-of-Work (ProgPoW) discussion; possible hashrate of Blake-256 miners is at least ~30% higher than SHA-256d; how Decred is not vulnerable to SPV leaf/node attack.
DCR opened the month at ~$93, reached monthly high of $110, gradually dropped to the low of $58 and closed at $67. In BTC terms it was 0.0125 -> 0.0150 -> 0.0098 -> 0.0105. The downturn coincided with a global decline across the whole crypto market. In the middle of the month Decred was noticed to be #1 in onchainfx "% down from ATH" chart and on this chart by @CoinzTrader. Towards the end of the month it dropped to #3.
Please note: we will not accept any kind of payment to list an asset.
Bithumb got hacked with a $30 m loss. Zcash organized Zcon0, an event in Canada that focused on privacy tech and governance. An interesting insight from Keynote Panel on governance: "There is no such thing as on-chain governance". Microsoft acquired GitHub. There was some debate about whether it is a reason to look into alternative solutions like GitLab right now. It is always a good idea to have a local copy of Decred source code, just in case. Status update from @sumiflow on correcting DCR supply on various sites:
To begin with, none of the below sites were showing the correct supply or market cap for Decred but we've made some progress. coingecko.com, coinlib.io, cryptocompare.com, livecoinwatch.com, worldcoinindex.com - corrected! cryptoindex.co, onchainfx.com - awaiting fix coinmarketcap.com - refused to fix because devs have coins too? (slack)
About This Issue
This is the third issue of Decred Journal after April and May. Most information from third parties is relayed directly from source after a minimal sanity check. The authors of Decred Journal have no ability to verify all claims. Please beware of scams and do your own research. The new public Matrix logs look promising and we hope to transition from Slack links to Matrix links. In the meantime, the way to read Slack links is explained in the previous issue. As usual, any feedback is appreciated: please comment on Reddit, GitHub or #writers_room. Contributions are welcome too, anything from initial collection to final review to translations. Credits (Slack names, alphabetical order): bee and Richard-Red. Special thanks to @Haon for bringing May 2018 issue to medium.
Nauticus — An independent cryptocurrency ICO review from thecoinradar.com
Nauticus — An independent cryptocurrency ICO review from thecoinradar.com An independent cryptocurrency ICO review from thecoinradar.com Overview In a climate where blockchain technology is constantly evolving and the digital economy takes the world by storm, a new very ambitious project emerges from Melbourne, Australia. Nauticus strives to establish itself as one of the market leaders by enhancing the cryptocurrency exchange eco-system and simplifying the global crypto / fiat payment process. Nauticus is a project with 6 clear stages to implement over the next 5 years. Their clearly defined milestones in their roadmap demonstrate a clear goal to become a leading enterprise within the crypto space over the coming years. At its heart the Nauticus vision is to create ‘Better banking and eCommerce using blockchain technology.’ We ask the question: will they be able achieve their goals and most importantly, is the Nauticus ICO a worthy investment? Nauticus aims, goals, vision & roadmap In their first year Nauticus aims to provide a high speed, secure currency exchange with the goal of becoming a one stop shop for the consumer to trade a vast array of fiat and cryptocurrency options. A distinctive feature of the exchange is to enable users from all over the globe to pair their local currency against 100+ of the biggest cryptocurrencies. Nauticus will focus on high liquidity with low transaction fees. An impressive 7 fiat currencies pairing will be available on launch with a further 16 planned in total and then 300 cryptocurrencies. At the heart of their business is a clear goal to create a simplified interface designed with the average consumer in mind. Nauticus hopes to help simplify the trading process for new users by, “Making Bitcoin as easy as ordering a pizza”. The crypto and fiat exchange is targeted to launch in mid-2018 with one of their pilot features being a mobile app that utilises facial recognition and biometric data to enhance security. The app aims to make the payment processes easier for all users across the globe by simplifying sending money to friends or services through their easy, consumer friendly wallet. In 2019 Nauticus turns its attention to creating an environmentally friendly mining center, focusing on energy efficient equipment, renewable energy and promoting sustainable projects. The profits from the mine will be used to support subsequent expansion in the following years. By 2020 Nauticus then plans to move into the eCommerce sector, simplifying payments by allowing the buyer to pay in a variety of different fiat and crypto options and very importantly ensuring transaction fees are incredibly low. By 2023 they will have established a Merchant payment platform, integrated with the big data industry, have a global KYC verification system and an ICO Gateway for new projects. Value of project / Use case The pioneering feature of the project when it is launched this summer will be the 6 Fiat currencies pairs active on the platform. Nauticus will be the first in the world to offer such a service. By providing these pairs and simplifying the usability process, Nauticus targets to ease the adoption for the average user. The hope is that by providing an easy to use entry into the digital payment world they will be able to encourage adoption and become a leader in growing the ecosystem of modern payment methods. By summer 2019 the goal is to offer over 300 cryptocurrencies and an incredible 16 fiat currency options. This will thrust Nauticus into the limelight and highlights one of their clear unique selling points. The mobile app is one of the core features of Nauticus, they have their target firmly set on creating a global society, supporting transactions no matter where you are in the world and what currency you hold. The target is to allow the user travel anywhere and be able to pay with whatever currency they have stored in the exchange. The software behind the mobile app will then convert and transact immediately into the required payment method. The target of this is to help encourage the world to unite into one big digital eco-system and remove boundaries prevalent in our current system. Nauticus aims to create a one stop shop for global payments that is quick, reliable and extremely versatile no matter where you are in the world. Unlike many other ICO projects in the current space the Nauticus token has a clear value and use case. Like Binance coins or Kucoin tokens, the Nauticus coin has a genuine use on their exchange platform. ICO investers will almost immediately be able to use their Nauticus coins once the cryptocurrency / fiat exchange is launched. Users will be encouraged to hold the tokens as a 50% discount is provided on trading fees if the Nauticus coin is held in a user’s wallet. Hype At the time of writing the Nauticus ICO was in the final stage of its main sale. It has a very impressive 362,100 registered users, it has well surpassed its soft cap and is looking like it will hit the 2nd 16M milestone soon. The Nauticus team are active on social media promoting their project. Their telegram group has an above average user base exceeding 10,000, with a twitter following of a similar size. #Nauticus is currently being tweeted between 400–500 times a day and there is a general excitement surrounding the project within circles that are aware of its existence. Promotion from social media influencers and hype from YouTube reviewers has been relatively small compared with other popular ICOs active at the moment, but this shouldn’t detract from its pull in the community. Review sites such as WiserICO, ICOmarks and ICObench have reviewed the project very favourably and the project has excelled in a tough climate for ICOs (March-April 2018). Team The company was established by CEO Bryan Ng and COO Jonathan Chang. Whilst young, they have both setup previous successful businesses and have had experience with past blockchain projects. Further down the list, whilst the team is not all star, the team is large, experienced in the right fields and are very capable of delivering. Whilst the team has very good advisors, it is a shame to see these positioned ahead of the actual team on their site. Whilst advisors are somewhat important, it’s slightly disheartening seeing these pushed ahead of the actual team who will be driving the business forward. From watching an interview on Youtube, you can see the passion both founders have for the project. There is a clear air of transparency, both explain the project well and both seem eager and confident to establish their selves within the blockchian world. Respectably the Nauticus founders are also very ethically minded, pledging to use profits to bring improve living standards for those in developing countries, to protect the environment and to give away a possible 41% of the coins to charity. Token Metrics It is good to see that the project has clearly put some thought into their token metrics to benefit those investing at ICO stage. Private sales have a six month lock in feature to prevent bonus dumps and 90% of all tokens are in the hands of the general public. It is important for investors to be aware that the token sale has rewarded early investors in the form of bonuses and has been operating with a referral program. A 30% bonus existed for presale investors and an extra 5% for large investors. Giveaways in the form of a 100 free tokens were awarded for signing up, as well as 200 tokens for each referral. However, what is important to recognise is that any free tokens awarded from promotions will be untradeable for two years — a great way to protect early investors. Finally, although the project looks likely to sell out over the coming weeks, it is important to recognise that any unsold tokens will be burned at the end of the ICO. Summary Nauticus is a project that has high a real desire to make progress evolving our global digital ecosystem. It has a bold 5 year plan that if they succeed with, will push Nauticus forward as one of the pioneers of innovation in the blockchain space. Its unique features give Nauticus the ability to separate itself from other platforms, however, it will clearly face a lot of competition from the well-established cryptocurrency exchanges dominating the market. In addition to this it will also come up against the likes of Ethos and Bread as user friendly universal mobile wallets / fiat gateways. As well as fighting competition against payment focused projects such as Crypterium, Metal, BitPay, Monaco and TenX to name but a few. With great ambition also comes risk. Nauticus will not only have to be determined to achieve all 6 goals outlined in their roadmap, it may also come up against challenges navigating around government loopholes when implementing certain areas of the project. Despite these issues Nauticus is a relatively low risk investment with the potential to grow over the next few years if adoption is achieved. If we compare the Nauticus coin to similar projects such as Binance, the potential is obvious. With the correct nurturing of their Australian based team and successful marketing / implementation, there is real opportunity for Nauticus to thrive as a pioneer in secure crypto banking, payments and eCommerce as both a short and long term investment. Final rating to be revealed on www.thecoinradar.com Josh Herbert (TheCoinRadar) To find out more about Nauticus please follow the links below: Website (https://www.nauticus.io) Whitepaper (https://cdn.nauticus.io/NauticusWhitepaperOfficial.pdf)
Binance is a cryptocurrency exchange with CEO Mr. Changpeng Zhao, who previously founded the Fusion Systems in 2005, in Shanghai. In 2013, Changpeng Zhao joined Blockchain.info to be the third member of the wallet team of the cryptocurrency. He has also worked at OKCoin as a CTO for about a year. OKCoin is a cash trading platform between digital assets and fiat and. The company, Binance was founded in China, but after its servers and the head office were moved out of China and Japan before the Chinese government banned the cryptocurrency trade in Sept. 2017. The company had established some offices in Taiwan by March 2018. In January 2018, Binance was the largest encrypted exchange platform with a great market capitalization of the NBB worth $ 1.3 billion. In August 2018, Binance and three other major exchanges raised $ 32 million for a certain stable coin project. This idea of stable coins is really to provide cryptocurrency with the absence of the notorious volatility of well-known digital assets or Bitcoin. How advantageous is it to use the Binance Trading Bot? Before using a product or service, you have to make you what they offer will tie with your personal desires and wants. That is why we are looking at the strong holds of the Binance Trading Bot. " Strong Team: Led by Changpeng Zhao, The Binance Trading Bot team have experience in both wall-street and crypto finance. The team also have a reputation or track record of successful startups under the company's belt. " Proven Products: The underlying Binance platform has been deployed on 30+ exchanges already. The platform supports all devices and has multiple languages, which offers an amazing user experience. " Superior Technology: As seen in the preceding paragraphs, the matching engine (certified) of the platform is capable of processing 1,400,000 orders per second, making Binance one of the fastest exchange in the market today. " Industry Resources: Binance has solid relationships with industry leaders. If you simply look at the list of investors and advisors who are willing to stand behind the platform, you will be amazed. Most of their partners have assets with Ethereum, Ethereum Classic, GoChain, POA Network, VeChain, Tron, Wanchain, Callisto, ICON, Bitcoin, Litecoin, Bitcoin Cash, TomoChain, etc. " In the Binance Academy, there is a course entitled "Crypto. Made Simple". Here you are offered the possibility to learn blockchain and cryptocurrency on your schedule and completely free. How to transfer Bitcoin to your Bittrex account from another platform? Here we will explain how to perform Bittrex trading, transferring bitcoins into your e-wallet and How to Buy Bitcoin on Bittrex. However, it is important to mention that this operation is only possible for crypto-currencies available on the Bittrex platform. " To begin, you will first need to create your account on the Bittrex website. Therefore, this part assumes that you have 1 at your disposal, and that it is provided in bitcoins on another platform of your choice. " Thereafter, you will need to connect to Bittrex, then go into your wallet, by clicking in particular on the menu Wallet. Then you will need to click on the "+" icon to the left of the bitcoin. This maneuver allows you to note the address of your electronic wallet. You will need to enter this address in the window that will appear on your screen, under Bittrex. After this transaction, the amount transferred should appear in the "pending" column of your wallet. This simply means that the transfer is not instantaneous. However, you do not have to worry because the site is reliable. " Before going there, you have to first of all buy Bitcoin/Ethereum. Make sure that you have already bought Bitcoin or ETH from your crypto exchange locality that accepts your currency. In the crypto world, Ether and Bitcoin are the biggest coins that are represented in local currency; Even buying the available 1,300+ altcoins requires the use of either BTC or ETH, and most often you cannot buy altcoins using your own local currency. A popular exchange might be Coinbase. Beginners easily use this, but it has relatively higher fees. On the other hand, you can look for Local Bitcoin- that is a peer-to-peer marketplace. Know more about Altcoin trading Bot. " Now, with the transfer now complete, you will be able to use your bitcoins to invest in the altcoins available on Bittrex. However, be careful to indicate the address that will be provided by the platform, without making mistakes. In addition, it is not possible for you to transfer a currency other than the one that corresponds to the address you created. For example, you will not be able to make an ETH deposit on your BTC wallet. Ethereum can handle many more transactions than Bitcoin, which significantly speeds up transfer and confirmation times. On average, you usually wait for some minutes for your Ethereum transfer to process, but the Bitcoin transfers usually take hours. Moreover, transfer fees might be much lower with ETH than with BTC. " Next step, you make a deposit of your base currency. You can presently deposit the BTC or ETH you purchased from your local switch into your new Bittrex account. You will now use the base currency to get the altcoins you want. Wondering how to deposit your coins on Bittrex? Please do follow these steps.
Log in and click on Wallet in the upper right corner of the website.
Find the wallet in which you will be depositing.
Click on the arrow beside the wallet.
Click on "new address" to generate your address.
Be sure to read the deposit instructions if available. Some coins require the sending of a minimum amount before being credited. Some coins will require a memo / message / tag /payment. This means that you must send the coins to the certain address provided and attach this memo / message / tag / payment to the deposit area so that the coins can be routed or directed to your account. If you fail to attach this, you risk losing these funds.
You can send your coins to the web address provided. Be sure to send only the same type of coins to the address. This means that if you have generated a BTC address, you drop BTC there and not another type of coin. If you deposit another type of coin, the address you generated may permanently lose these coins.
You will find more tips on How to Trade on Bittrex. " The fourth step in performing an exchange on Bittrex is to choose the market in yourbase currency. There are 3 markets in Bittrex:
These markets are represented by the common base currencies used to purchase a wide variety of available altcoins. If you have deposited the BTC as the base currency, go to the Bitcoin market and choose an altcoin of your choice to buy using Bitcoin. If you instead deposited ETH, choose the altcoins of your choice on the Ethereum market. Note that the same rules might apply with Cryptocurrency Trade Bot. " The fifth step is, you define Purchase Orders. Enter the details of your purchase orders in the "Buy" box under the trading section. It is not mandatory to buy exactly 1 unit of Cryptocurrency because they are very divisible. You can buy / sell all the amounts you want, depending on your budget. So you can even buy 0.000001 Bitcoin without worrying! Assume you are selling Aragon and being paid in Bitcoin. o Units: The amount / quantity of coins you're willing to buy. Here, the amount of Monero to buy is 2.50. o Bid: The price you want to pay on a Monero unit. In this example, the price you are willing to pay for 1 Monero is 0.42100972. o Type: This type consists of a called "limit" or "conditional" order. The "Limit" order defines the maximum price (as indicated in "Bid") that you are ready to buy. This ensures that you will not pay more than 0.42100972 ETH for 1 Monero. o Total: The overall amount of the base currency (the ETH) that you will give up in exchange for the total number of altcoins you wish to purchase. Otherwise, this is the total cost of getting Monero in your reference currency, ETH. " Last step: store all the coins in a wallet The safest way to store your coins is to have your personal wallet. Although you automatically have a wallet when you open an Exchange account (wallet hosted by Exchange), you will not have control over the private and public keys. Having control of your keys means having control over your coins. The exchanges work as a bank; you trust a third party service provider for the security of your coins. But, there is a probability that the exchange will close or be pirated, leading in a loss of coins (typical example: Mount Gox exchange). Given the lack of regulatory frameworks on stock exchanges and cryptocurrencies as a whole, as well as the early childhood of the sector, the best way to protect your coins is to have total control over your coins. You can only have total control by having your personal wallet. Additional information: Under the "Bid" price, there are 3 types of Offers: o Last: Last price at which the last exchange took place o Bid: The highest price that a buyer is willing to pay for the coin, which is considered the first order in the "Order Book" section under "Bid". o Ask: The lowest price a seller will want to sell, the first order in the "Order Book" section, under "Ask". If you had to create your own orders by entering the "Bid" amount, this will not apply to you. Strong affiliates of Bittrex With Bittrex, you will have the possibility to trade on one of the world's most active crypto exchanges. That is the Poloniex Trading Bot. The USD Coin is now trading on Poloniex. To throw more light on this, USDC is a fully supportive US dollar stablecoin. USDC is the bridge between trading on cryptocurrency exchanges and dollars. It is possible to get the USDC using dolla rs via the Circle web app and then transfer it into Poloniex. Plus, trading in ETH, BTC, and USDT pairs is now available, and new trading pairs will soon be added! But is it the best free crypto trading bot? There are a lot of trading ideas and platforms online, but the one thing to note is that, there are a lot of risks in online trading in general. The crypto market is unstable and highly volatile; sometimes prices or values go up and other times, they do down. This happens all the time, and it is a matter of hours. The prices alternate every day and night, and so as humans, it is difficult to keep up with all the fluctuations. That is why is necessary to have Automated Cryptocurrency Trading on Poloniex. Poloniex is a very large exchange platform which provides a solid, reliable and secure space to exchange cryptocurrencies. A Poloniex trading bot is a mechanism to automatically trade on the Poloniex cryptocurrency exchange. Digital currency trading that has been automated will save you both time and money. As Peter Cochrane once said, "The world is divided into two kinds of people, those who spend a great deal of time saving money, and those who spend a great deal of money saving time." Cryptocurrency exchanges on the Poloniex platform is a great deal for real-time results. The service is fashioned to automate trade on diverse cryptocurrency exchanges. It also has a user-friendly interface that will help create and configure trading bots. . Selecting a Bittrex Trading Bot There are some things to look for when a Bittrex trading bot. This is said because there might be imposters or unreliable systems who might pretend they offer Bittrex. So, here are the facts to look into to know the Best Bittrex Trading Bot. They are what makes the Bittrex platform unique. " A good Bittrex trading bot is supposed to have a custom-built good trading engine. This engine should be designed as one that can be scalable and ensures that orders given are executed in real-time. " We have spoken extensively on how Bittrex is more secured. But one thing not to leave out is the fact that it must have fast deposits and withdrawals. Here, we look at efficiency and how those working on the platform allow automated monitoring. This is generally to provide users with the fastest experience in transactions available nowadays. For this to be concrete, the platform does regular updates on trade, the balance and wallet information. " Driving Innovation. Bittrex is also committed to supporting users of both new and established blockchains. In a bit to help drive innovation in the unbeatable blockchain industry, the Bittrex system provides its users with a growing selection of digital tokens and blockchain technologies. Also, a rigorous review process is done to all new digital tokens that are listed on the Bittrex trading platform. " Bittrex is also committed to complying with all the current U.S. regulations that ensure the prevention, detection and remediation of unlawful behavior by some customers. The same commitment to compliance is force upon virtual currency developers when using the services of other companies or even the Bittrex trading platform. Characteristics of the Bittrex Trading Platform ¢ Intellectual approach: The platform uses a built-in strategy to configure actions of bots. Bots will decide themselves when they can buy or sell your coins. And when you compare the decision taken by the platform, you will see that you would have either taken the same decisions or even taken more likely to fail decisions. Also get to know more about Bittrex bot github. ¢ Works with no limits: Since we are talking here about artificial intelligence, the number of trade bots are limited only by the number of cryptocurrency pairs on the exchange. But there are flexible settings that allow you to plan the necessary actions you need. Plus, there is the ability to be connected by the API. Who should get into Trading Bots? " Trading bots can help people ensure that they are always interacting with the market, even in times when they are physically or emotionally unable to do so. That is the beauty of using this artificial intelligence, but be sure to use the Best Crypto Trader Bot, so as not to get into the hands of fraudsters. " They can also help remove some of the stress and emotions often found in financial markets, including the crypto market. Nonetheless, Trading bots are really not for everyone, and it is not everyone that needs them. Casual investors for instance are not the first target of trading bots and especially if your intention is just to buy and keep Bitcoins, then, trading bots are probably not the right investment for you. " Moreover, if you are not familiar with creating real financial strategies or a competent programmer, then trading bots may not be for you, or learn more about Best Automated Crypto Trading Bot. However, if you have some knowledge on the issue with some ability to overcome these above obstacles, a trading bot can be a valuable tool to monitor and gain traction in the Bitcoin market. As seen in this article, we have taken a tour to Trading Bot, Bittrex trading bot, Binance Trading Bot, we have taken a concrete example of having a transaction on Bittrex with BTC and ETH, and finally, how artificial intelligence could be more efficient than humans when it comes to trading online. Bittrex Bots
idap.io is an International Digital Asset Platform, which aims to provide a complete Derivatives Ecosystem for Crypto Assets, offering Futures, calendar & butterfly spreads, options, and swaps among major trading products. idap.io exchange also supports spot trading, P2P lending and ETFs. Additionally, it is providing an ICO venture fund with a focus on retail investors. idap.io platform provides a Point-and-Click Ladder based Trading Interface through its Desktop Application. Its simulator tool aids beginners in learning futures trading. IDAP token holders will get 50% discount in trading and management fees if paid in IDAP tokens. https://preview.redd.it/onv0r0fbnh821.jpg?width=748&format=pjpg&auto=webp&s=0818ee47c078973328f19f38ecd8d0c8f8d151a2 Step-by-Step Guide:
WeTrust AMA - October 6 (Originally in Slack, formatted to Reddit)
Hello everyone! It took me a bit longer than last week due to family obligations but here’s the transcript for the third WeTrust Slack AMA! Like last week the majority of the questions were collected through Sli.do and not everyone left their username.
AnonymousWhen do you plan to start marketing and more social media outreach? Patrick.WeTrust As we near the rollout of the TLC, we plan on increasing marketing and social media outreach. This is necessary since it is important that we get the word out of what we are building. AnonymousAre you still on track with the roadmap? When can we see/play with the alpha app? Patrick.WeTrust The dApp is currently being worked on by our engineering team and is scheduled to be released in a few weeks. The features have been locked down and the team is working hard on building out the many features. AakeelrWhitepaper is a must and it shouldn't be delayed. Whatever revised version needs to be done should happen and be visible on the site asap if possible. Patrick.WeTrust We have an older version of our whitepaper (pre-crowdsale) here: https://bravenewcoin.com/assets/Whitepapers/WeTrustWhitePaper.pdf Our top priority is building out and delivering on the Alpha Release of the TLC and resources are focused on that. Once this is complete and more resources are available, we will update the whitepaper. AnonymousAs a large holder of TRST - how can I be assured recent pushes from the SEC and Trex (theyre cleaning house) will not impact TRST? Do you have legal counsel? George.WeTrust We're not aware of any changes on Bittrex side, and we've just reached out to them to see if there's any information they need from us. We are very conservative in our approach towards regulatory/ compliance issues, and we will continue as such by working with our legal counsel. AakeelrNeed more exchanges listing TRST to safeguard the token value from today's incident of Bittrex.... Patrick.WeTrust We stand firmly that delivering a quality product that will impact the lives of many as our prime mission and goal. If we are successful, I believe the exchange issue will be small as many will want to list our Token. AnonymousAny update on getting the whitepaper back on the website? Patrick.WeTrust We are working on a new landing page of our Trusted Lending Circle page which will feature a new experience of what our app will be like. This is just a temporary page: https://tlc.wetrust.io/, but the new site will be at this domain soon! (hopefully, next week!) JealdAre you going to complete your TLC Alpha build mid-October as per your roadmap? Patrick.WeTrust Yes, this is the current target. Running 1 week or so behind, but we are trying to push to squeeze for lost time. There will be an update in the next community blog post. AnonymousThe Trusted Lending Circles product due for release in December. Where will it be released? Is it an app for the pc? Will it be accessible on mobile devices? Patrick.WeTrust Correct. The TLC is slated to be released in December. This first iteration will be a Chrome Web App. In the future, mobile definitely will be on the horizon as a large portion of the world uses mobile and do not have computer. DgutDo you guys have any plans to revamp the current wetrust.io design and logo? Some projects like Waves have recently "upgraded" to "professional" design and copy-writing, I think that's the way to go because good design is crucial for user adoption today. Patrick.WeTrust We have updated the website and will look into the current design of the logo. Thanks for the feedback. Dgut Updating doesn't equal improvement though. :slightly_smiling_face: The current design has too many flaws. See stripe.com and fleep.io for kick-ass designs. Is this something you guys are taking seriously? Other well designed sites: standuply.com and elev.io ... see the difference? Patrick.WeTrust Fair enough - I will loop in our designers @hailey.wetrust and @yutai to take a look at what these sites have and takeaways we can make. Yutai.WeTrust We are very focused on the user experience and adoption. The design team is currently working on make sure we have a smooth UX in the TLC dApp. But we love community feedback and if there is anything else, please don't hesitate to let us know. Patrick.WeTrust Thanks for chiming in @Yutai! AnonymousWhen are you going to do anything besides amas? George.WeTrust We have a diverse list of channels of communication available -- slack, telegram, bi-weekly updates, bi-weekly AMAs -- let us know if you all think there are any that we should drop and any we should be adding and we're all ears. Jcga:) Despite hardwork are you guyz ready for the new NBA season via Golden State Warriors, I little feel you dont really care about NBA ;) Go WeTrust ! Patrick.WeTrust Golden State Warriors is our local team :) JealdDo you have a roadmap for 2018 available for general viewing?Patrick.WeTrust See answer below. BoghiumdHow i can get to your telegram channel? As i don’t see any links on your website Patrick.WeTrust Telegram isn't as active yet. I recommend Slack/ Reddit/ Bitcointalk. BalengiVisionCan you send steph curry and kevin durant WeTrust gear when you release TLC? patrick.WeTrust We can try. They would need to fill out the WeTrust Tshirt Request Form though :) BalengiVision Lol cool. Do you mind if we tweet at them? Patrick.WeTrust We can do that sure! AnonymousWill you be providing a roadmap that covers some part of 2018? It helps investors understand the company's vision. Patrick.WeTrust Yes, we are working on this and have had some internal discussions already. Our VP of Product, @tomd is working on this now and we will have a few iterations for internal discussions and debate before it is released to the general public. BalengiVision Release timeframe? Patrick.WeTrust I will follow up on Tom, and he shared with me a preliminary draft yesterday. We want to have something that is actionable and something we can hold ourselves accountable for. Thus, it will require some work internally before we can release something to the public. Rest assured, it is being worked on and each date is carefully thought about. BalengiVision Totally understandable! Patrick.WeTrust Thanks. Cheers, @BalengiVision - thanks for all your support and activity in our Slack. Aakeelr2) While planning the TLC has the team reached a point and zeroed on it where the TRST token should claim its value. How will TRST derive its value. George.WeTrust We are building out a sequence of Financial dApps and will use a "Freemium" model. Essentially, there will be basic features that will be free for our users (e.g., TLCs charge no fees up to 10 users in the circle), but more premium services -- will require some TRST tokens to use (these are currently being planned, and will be included in the roadmap). The main goal is to drive user adoption first, and then monetization after there is a critical mass. SecunoidWhat happens when somebody collects their payout and stops contributing after that? Patrick.WeTrust To thwart bad actors, WeTrust will have four deterrents: 1. Reputation risk/ Reviews: ROSCA groups will be limited to "trusted associates" - family, friends, co-workers, fraternal groups, and professional/ religious organizations. Defaulting on payments could mean social shame and loss of reputation amongst an individual's closest associates. The idea is that for ROSCAs with small enough dollar amount commitments, reputation risk will be sufficient enough to keep participants honest. Reviews may also be left by other members to show how they felt about any participant. 2. Legal risk: ROSCA formation will allow trusted associates to e-sign and bind each other to a legal contract which requires faithful adherence and payment to the ROSCA. Defaulting on payments and stealing could mean legal repercussions. Legal recourse will only be used if individuals are participating in a "high-stakes" ROSCA and legal action would be worthwhile. I've spoken to our legal advisor and she believes it will be possible to create auto-populating templates that will be tailored to each person's ROSCA terms. 3. Collateral risk: Collateral commitments may be required prior to joining a ROSCA. The collateral will be entered into a smart contract which will surrender the property to the ROSCA group if the ROSCA agreement is breached. Collateral can be liquid-cash like assets like Bitcoin or even less liquid assets such as auto/ home titles. Our system will benefit significantly from the ability to accept less liquid assets, since the majority of middle classes’ net worth is locked in real estate. Collateral would allow capital to be used more efficiently. 4. Smart contract bounty (self-enforcement): If a ROSCA participant violates the terms of the ROSCA, the ROSCA group may start a “Bounty” on the retrieval of funds. If the funds are retrieved, the “Bounty” is paid out to the person who enforces the terms of the ROSCA. These deterrent options will be on an "opt-in" basis and participants will be able to choose the level of security they want. Aakeelr4) We saw the last update where product functionality has frozen and bugs are being fixed. When do we expect the alpha release precisely? George.WeTrust We will have an update next week on the status -- we're working hard to hit the initial targets. BoghiumdIs there a chance to have a discussion with Vitalik that he would somehow confirm directly may be via tweeter post that he actually is suporting this project? George.WeTrust We met with VB during the early phases of the project, and soon after also brought on Bo Shen (VB's partner at FenBuShi Capital) as an early supporter and advisor. We have a number of advisors and they all provide some help in their own specific capacities. For example, Benedict Chan the Director of Engineering at BitGo is nearby and he often drops by, Emin Gun also checks up on us regularly. We engage with all of advisors as needed and ask them for help if it can materially help the progress of our development or user adoption. As such, we will consider reaching out to him when our product is ready for testing. BalengiVision That'd be great. Then everyone won't think we have been making stuff up :) Not you guys, but we the people. I tell peeps Vitalik advises early in the project, and people say we are making things up. SecunoidAnd how do you manage the risk of delinquent payments? damo Hey @Secundoid this was answered in the last AMA. Lemme see if I can track it down real quick. Patrick.WeTrust Here it is: To thwart bad actors, WeTrust will have four deterrents:
Reputation risk/ Reviews: ROSCA groups will be limited to "trusted associates" - family, friends, co-workers, fraternal groups, and professional/ religious organizations. Defaulting on payments could mean social shame and loss of reputation amongst an individual's closest associates. The idea is that for ROSCAs with small enough dollar amount commitments, reputation risk will be sufficient enough to keep participants honest. Reviews may also be left by other members to show how they felt about any participant.
Legal risk: ROSCA formation will allow trusted associates to e-sign and bind each other to a legal contract which requires faithful adherence and payment to the ROSCA. Defaulting on payments and stealing could mean legal repercussions. Legal recourse will only be used if individuals are participating in a "high-stakes" ROSCA and legal action would be worthwhile. I've spoken to our legal advisor and she believes it will be possible to create auto-populating templates that will be tailored to each person's ROSCA terms.
Collateral risk: Collateral commitments may be required prior to joining a ROSCA. The collateral will be entered into a smart contract which will surrender the property to the ROSCA group if the ROSCA agreement is breached. Collateral can be liquid-cash like assets like Bitcoin or even less liquid assets such as auto/ home titles. Our system will benefit significantly from the ability to accept less liquid assets, since the majority of middle classes’ net worth is locked in real estate. Collateral would allow capital to be used more efficiently.
Smart contract bounty (self-enforcement): If a ROSCA participant violates the terms of the ROSCA, the ROSCA group may start a “Bounty” on the retrieval of funds. If the funds are retrieved, the “Bounty” is paid out to the person who enforces the terms of the ROSCA. These deterrent options will be on an "opt-in" basis and participants will be able to choose the level of security they want.
Secundoid k damo nice thanks @patrick.wetrust One of our community members had a really interesting idea about using a voluntary community pool as an opt-in insurance option that would pay a small percentage of the ROSCA pool to the community pool. An interesting "staking" option for TRST holders! We're looking to provide insurance products anyway right? ;) Patrick.WeTrust Yes, we are as an evolution of the TLC. @damo beefMajority of PPL here are selfish enough to admit that they want to see the TRST token become more and more valuable. I've read that it will be used for Premium features, but are there other use cases for the token itself? Does it power dApps in the environment? Can I supply X amount of TRST and use that to fund ROSCA circles? Patrick.WeTrust That is correct. Another way to think of Trustcoin is that it is the gas that will power various interactions on our network. The current use case we have in mind are premium features (e.g. sort of like a redemption ticket), but please keep in mind that... the mission of WeTrust is to build movement toward financial inclusion/ empowerment and the token will be a core piece of that. beef The more we are able to cycle TRST through the ecosystem the better. Thanks Patrick Patrick.WeTrust That is correct. We will be keeping this in mind as we roll out our dApps and other initiatives. Cheers, @beef! BoghiumdBinance has started to do monthly voting, can you submit a request to them so on next voting wetrust coin will participate as well? Patrick.WeTrust Is this something the community can request? Boghiumd @patrick.wetrust actually someone from the team have to submit a request, this is what i read on their website Patrick.WeTrust Can you email me the link? [email protected]. I'll look into it. Boghiumd @patrick.wetrust https://binance.zendesk.com/hc/zh-cn/requests/new I presume this one is DgutTrustcoin's success is glued to Wetrust. But Wetrust's success is glued to the success of humankind. Any application that simplifies and makes practical the use cryptocurrencies are not only necessary but crucial for the survival of the tech and ideology. Therefore @george.wetrust and @patrick.wetrust should care more about design. (y) Patrick.WeTrust Thanks for all your feedback and involvement @dgut ThomasTrustcoin's success is glued to Wetrust. how? i dont get it.. for me it looks like TenX.. they have a token but dont realy need one for the Company... same on Iconomi ... good Projects but they dont need realy a token... i dont get it on TRST ... for me it looks like you dont need realy a token to build this system.. Can you help me to understand this? I am wrong ? Patrick.WeTrust Another way to think of Trustcoin is that it is the gas that will power various interactions on our network. The current use case we have in mind are premium features (e.g. sort of like a redemption ticket), but please keep in mind that... the mission of WeTrust is to build movement toward financial inclusion/ empowerment and the token will be a core piece of that. Thomas hmm ok thx BalengiVision Can you elaborate on the premium features? Patrick.WeTrust Premium features: lending circles above a certain size (>10 individuals), reporting data to a Credit Agency, accessing a WeTrust ATM to redeem lending circle proceeds, etc... More features will come in due time as we continually iterate and learn from each version of our product. BalengiVision So credit agencies will accept ROSCA data? Sounds intriguing though I've never heard of that before! AmazongirlHave you spoken to Ripio (formerly BitPagos) yet about how they handle crypto-fiat exchange risk over a loan's lifetime? https://ripiocredit.network/#benchmarks * *George.WeTrust** We haven't, and will read into how they are able to do this. We are working on some ideas of our own which may bring about stability for users. Aakeelr@george.wetrust @patrick.wetrust we have some good suggestions from @amazongirl. Would love you guys to actually take a view om that. Patrick.WeTrust I will take a deeper dive into her suggestions and if I have any questions, will follow up with her. Aakeelr Thanks for this. You will love her idea Dgut@patrick.wetrust Are you familiar with https://klart.co/pixels ? Patrick.WeTrust I am not, but these sites look beautiful. Dgut Yeah, I hope you guys aim for something like that. It's not rocket surgery either :) SecunoidWhich country/area are you targeting when you go live first? Patrick.WeTrust Local, immigrant communities within the Bay Area. (SF, CA) Dgut Hopefully global. The nature of this whole environment and tech is global. CowMooFlage It definitely is global but they want to be testing close to home. Dgut It think westerns might be inclined to use the app if it's sufficiently well designed and works well. damo @dgut see above. Aiming for local immigrant communities CowMooFlage The biggest issue I see is Westerners not understanding it's purpose because it's not embedded in our culture. damo Right For that i think there are other permutations of the platform that could take off quicker and be stickier to the global north. Dgut that's the cool part, it's a completely new thing for them. Patrick.WeTrust There are pockets of immigrants from Mexico, India, etc. that have used this in the past back home. In fact, my grandmother and father was part of a lending circle back home in Vietnam. We will go after this crowd and do a pilot test in these communities. BalengiVision I think if the idea is explained well, westerners will love it. I never heard of it until I joined this group. Dgut Exactly. The reason westerners don't use it is because they never heard of such a concept. When I heard of it I thought... why the f aren't we doing the same? I see it being used among students AnonymousAmazonGirl from the Slack community as an advisor? She has freely been an amazing one. We need to keep this happening with fair compensation. George.WeTrust We will reach out to her to gauge her interest -- I think generally we can continue improving our engagement with our community, and leveraging our supporters so we can move faster. We already have a good number of referrals for potential partners, potential pilot groups, folks who would like to work for us, etc... and please do keep them coming! CowMooFlageGeorge, Patrick, can Damo be listed on the site as a "community manager" or similar position? He's in this channel day in day out answering questions and we love him to bits. By far one of the best people you could ever have doing such a job; humble, cheerful and honest. Patrick.WeTrust We can have this happen - wonder why this hasn't happened sooner! CowMooFlage Awesome :) thanks Patrick :D *Patrick.WeTrust * I will ping @damo for his blurb, picture and get that to @hoang.wetrust as soon as possible. Thanks! CowMooFlage @damo pink wig? :thinking_face: damo Lol i have waaay better pictures ready to go lol damo Thanks for such kind words @cowmooflage! I’m seriously blushing over here. Patrick.WeTrust Thanks! both of you :D Bradicle Yeaaaa agree. Damo has been the face for We Trust in this chat since day one for me. Answering all the hard hitting questions day in and out <3 :B AnonymousWhen are you ditching slack? The phishing is out of control! George.WeTrust We have been testing with Rocket Chat internally, and are currently working towards migration. We will have more information on the timing, next week, but we want this to be as soon as possible, in the balance of our product development focus. CowMooFlage Can't wait to check out the new home. Jcga That a pity, Slack is nice compared to the others. I do believe the myetherw... phishing mail notification have decreased, they "collect" nothing. Slack is beautifull with cool features that others dont. Anyway security is super important and with time we will get used to the new place :slightly_smiling_face: CowMooFlage @jcga Slack is a decent platform but it lacks certain control features and flexibility that others have (e.g. the moderation tools were not made to support thousands of users). Jcga Yes sure I understand the priorities. BalengiVisionI definitely see US college students being a great test group! Patrick.WeTrust Yes! There are lots of community college, Stanford, Berkeley... all within 20-30 miles of our office. BalengiVision Exactly. Remember, facebook started off with colleges...now look at it. Once they all graduated, they took the idea with them and BOOM! CowMooFlage Plus, didn't you go there yourself @patrick.wetrust? You could have a professor introduce it to students even? They might be open to it as you're an ex-grad? Patrick.WeTrust Yes, I went to UC Berkeley and @george.wetrust was at Stanford. @U2M8H6DUJ also went to Berkeley and @shinelay to Davis. Definitely will be rekindling some old connections with my old professors :) CowMooFlage @patrick.wetrust It's always nice to come back with something to show off! :> Dgut @BalengiVision absolutely ... there is no reason for this to be immigrant-communities only. WeTrust can become a lot stronger if adopted by those groups (students) ... Kimutai @BalengiVision . Good idea In fact @patrick.wetrust . Students will show us all the flaws and a good number of unheard of issues. All their diversity of ideas is an untapped Gold mine. CowMooFlage Students can be very bold and open about expressing their opinions. Might be a fun brain storm session. Patrick.WeTrust As long as there is a good mix of supply and demand for credit - there is a potential opportunity there. An idea we have been bouncing around... if we could somehow match students (seeking credit) with alumni (that have the wherewithal to contribute to a loan), we could have a large user group here! BalengiVision Interesting concept Patrick.WeTrust yes, it is :slightly_smiling_face: damo I like this. Another connect for Westerners is in auction ROSCAs where they intentionally take the money last as a way to earn a modest return providing capital to the developing world. I'll definitely be doing this. Thanks to everyone for participating in this week's AMA.
idap.io is an International Digital Asset Platform, which aims to provide a complete Derivatives Ecosystem for Crypto Assets, offering Futures, calendar & butterfly spreads, options, and swaps among major trading products. idap.io exchange also supports spot trading, P2P lending and ETFs. Additionally, it is providing an ICO venture fund with a focus on retail investors. idap.io platform provides a Point-and-Click Ladder based Trading Interface through its Desktop Application. Its simulator tool aids beginners in learning futures trading. IDAP token holders will get 50% discount in trading and management fees if paid in IDAP tokens. https://preview.redd.it/wjszeffllh821.jpg?width=748&format=pjpg&auto=webp&s=e52c389bac56953ca207fddba16093f742fd8be5 Step-by-Step Guide:
idap.io is an International Digital Asset Platform, which aims to provide a complete Derivatives Ecosystem for Crypto Assets, offering Futures, calendar & butterfly spreads, options, and swaps among major trading products. idap.io exchange also supports spot trading, P2P lending and ETFs. Additionally, it is providing an ICO venture fund with a focus on retail investors. idap.io platform provides a Point-and-Click Ladder based Trading Interface through its Desktop Application. Its simulator tool aids beginners in learning futures trading. IDAP token holders will get 50% discount in trading and management fees if paid in IDAP tokens. https://preview.redd.it/feqn1aiujh821.jpg?width=748&format=pjpg&auto=webp&s=b6f76ae3c817e68ba2a9806f42a849687c292351 Step-by-Step Guide:
Link to January's list Crypto moves way too fast for me to keep up, so I started making a list of each day's biggest headline. Below is my list for last month. My main news source was reddit. My main holdings are ETH and NANO, but I tried to make the list as unbiased as possible. Starting next month, I plan on including a source for each headline. Hope you like this, and let me know if you have any feedback! 2/1 - The Proof of Weak Hands smart contract is hacked, resulting in the theft of over 800 ETH. 2/2 - Nano trading opens on OKEX and Binance at the same time. 2/3 - Vitalik Buterin donates $2.4 million in Ether to the SENS Foundation to research therapies against age-related diseases. 2/4 - Days after Facebook banned cryptocurrency related ads from its website, Chinese search engine Baidu and social network Weibo do the same. 2/5 - China bans citizens from accessing foreign crypto exchanges and large western banks ban crypto purchases with credit cards as regulations around the world tighten and the crypto market cap falls to 50% of the all time high. 2/6 - CFTC chairman Christopher Giancarlo advocates a “do not harm” approach to cryptocurrency regulation (and gives a shoutout to hodlers) in his testimony to the US Senate Banking Committee. 2/7 - IOTA announces the IOTA Ecosystem Platform, which will house educational and developer resources, pair up organizations with developers, and support hackathons and philanthropic initiatives. 2/8 - Technical issues with Binance’s database cause it to go down for over 24 hours for maintenance. This leads to accusations by several members of the crypto community, including John McAfee, that the exchange was hacked or is exit scamming, which are debunked by Binance staff. 2/9 - A team of programmers for MyEtherWallet break away to form MyCrypto, hijacking MEW’s Twitter account and causing confusion in the process. 2/10 - Chat logs between the Nano core dev team and BitGrail reveal that the exchange has been insolvent for several months due to critical software issues. Deposits and withdrawals remain frozen. 2/11 - Kyber Network’s decentralized exchange goes live. 2/12 - ICON partners with biometrics tech company Raonsecure to develop a blockchain based identity authentication system. 2/13 - Washington Post’s head of innovation Jarrod Dicker announces he is stepping down to become the CEO of Po.et. 2/14 - Prices across the market rise as the Central European Bank and the South Korean government backpedal on their threats to regulate or ban cryptocurrency. 2/15 - Coinbase issues continue as users report random, unauthorized withdrawals from their linked bank accounts, leaving some with overdrawn accounts. Coinbase confirms the reports and begins to rollback the transactions. 2/16 - Visa issues a statement clarifying that the unauthorized transactions are not the fault of Coinbase. 2/17 - The CFTC urges investors to avoid crypto pump-and-dump schemes and offers a bounty to whistleblowers of such groups. 2/18 - Pro gaming team NRG utilizes Enjin Coin in their fan rewards system to educate their followers on blockchain technology. 2/19 - The Wyoming state senate proposes a bill that would exempt cryptocurrencies from tax considerations. 2/20 - OmiseGo signs a deal to produce both a payment and identification system for the Thailand government. 2/21 - Venezuelan president Nicolas Maduro announces that the first round presale of the Petro, the country’s new oil-backed cryptocurrency, has raised $735 million. 2/22 - Robinhood’s Bitcoin and Ethereum trading platform goes live in 5 U.S. states. 2/23 - Coinbase completes implementation of full Segwit support on GDAX to reduce Bitcoin transaction times and fees. 2/24 - TD Bank becomes the latest large bank to ban cryptocurrency purchases with credit cards. 2/25 - During a meet with Sberbank, Russia’s largest bank, Vladimir Putin stresses the importance of staying ahead of the curve in blockchain technology. 2/26 - P2P payment tech company and ex-Bitcoin purchasing service Circle, which is backed by Goldman Sachs, acquires cryptocurrency exchange Poloniex for $400 million. 2/27 - In a Reddit AMA, Microsoft founder Bill Gates condemns cryptocurrency, saying that it is a rare technology that directly causes deaths, and that investing in an ICO is extremely risky. 2/28 - OmsieGo releases its open source e-wallet software development kit (SDK) which allows developers to integrate OMG wallet services into websites and phone apps.
idap.io is an International Digital Asset Platform, which aims to provide a complete Derivatives Ecosystem for Crypto Assets, offering Futures, calendar & butterfly spreads, options, and swaps among major trading products. idap.io exchange also supports spot trading, P2P lending and ETFs. Additionally, it is providing an ICO venture fund with a focus on retail investors. idap.io platform provides a Point-and-Click Ladder based Trading Interface through its Desktop Application. Its simulator tool aids beginners in learning futures trading. IDAP token holders will get 50% discount in trading and management fees if paid in IDAP tokens. https://preview.redd.it/y9ghzsemda421.jpg?width=748&format=pjpg&auto=webp&s=b4974b79e50baadc2a5031043cd8d21489efe05f Step-by-Step Guide:
idap.io is an International Digital Asset Platform, which aims to provide a complete Derivatives Ecosystem for Crypto Assets, offering Futures, calendar & butterfly spreads, options, and swaps among major trading products. idap.io exchange also supports spot trading, P2P lending and ETFs. Additionally, it is providing an ICO venture fund with a focus on retail investors. idap.io platform provides a Point-and-Click Ladder based Trading Interface through its Desktop Application. Its simulator tool aids beginners in learning futures trading. IDAP token holders will get 50% discount in trading and management fees if paid in IDAP tokens. https://preview.redd.it/o3xfmq1kba421.jpg?width=748&format=pjpg&auto=webp&s=f080196f70c6f1733ea76121bf03b630bca0d8dd Step-by-Step Guide:
idap.io is an International Digital Asset Platform, which aims to provide a complete Derivatives Ecosystem for Crypto Assets, offering Futures, calendar & butterfly spreads, options, and swaps among major trading products. idap.io exchange also supports spot trading, P2P lending and ETFs. Additionally, it is providing an ICO venture fund with a focus on retail investors. idap.io platform provides a Point-and-Click Ladder based Trading Interface through its Desktop Application. Its simulator tool aids beginners in learning futures trading. IDAP token holders will get 50% discount in trading and management fees if paid in IDAP tokens. https://preview.redd.it/n9bqot5cja421.jpg?width=748&format=pjpg&auto=webp&s=9269242a837e8e0fd4b977218752af6c2049050e Step-by-Step Guide:
Share via: The biggest global cryptocurrency exchange, Binance, has been expanding on the African continent and is currently available in Nigeria, Kenya, and South Africa. In this article, you will learn about how to use Binance in South Africa, the features and fee structure of the platform. Article Overview: How To Use Binance In South […] Binance South Africa Fees and Limits. Most bitcoin exchanges charge fees for using the platform. Unlike some exchanges that have an expensive fee structure, Binance charges minimal fees. Here is a breakdown of Binance fees for users in South Africa. ZAR Deposit fee: Zero; ZAR withdrawal fee: R7.50; Trading fees: 0.1% on trades made on the exchange. Binance Futures includes Bitcoin and other cryptocurrencies such as ETH, XRP and EOS which are traded against USDT. Maximum leverage you can use for the pair BTC/USDT is 125x and for ETH/USDT, it is 75x. It means that with a small amount of cryptocurrency, you can open very large positions which would otherwise be impossible. At times when I needed support from Coinbase and Circle they both seemed to have responded in a timely manner and got my questions answered. If you buy $500 worth of Bitcoin here’s what you’ll get. If you spend $500 with Coinbase at today’s exchange rate you’d get 1.3103BTC (all fees included). If you go with Circle you’d receive 1 ... Circle Invest App is an all new crypto trading platform that offers users with unique benefits such as: Custodial accounts; Zero commissions; Good liquidity rates; Multiple cryptocurrency support. In its current iteration, the app supports Bitcoin core, ethereum, bitcoin cash, ethereum classic, and litecoin. Circle Invest App Features Binance Fees Structure. Binance is having the common fees rate of 0.1% for trading. Moreover you can avail a discount of 50% if you are paying with BNB to Binance exchange. There is a withdrawal fee charged by the exchange which vary with each digital coin. Again you can get the exact from the table listed below. Deposit your stablecoins to Binance. Buy Bitcoin or other cryptocurrencies using the stablecoin you deposited on Binance. Estimated costs: Wire fees that may vary depending on the bank. In some cases, these rates can be similar to or even lower than those on fiat exchanges. Binance trading fees: maximum of 0.1%. Liquidity cost: low While bitcoin has run-up to all new price highs in 2020, a great number of crypto supporters have been complaining about the mempool backlog and the high fees needed to send a transaction ...
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