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Want to start fresh after the crypto crash? Here is a comprehensive guide on how to invest and prosper over the long term.

Well its happened, the crypto market just experienced the worst crash since 2014, the bubble has burst. The idiocy of newbies FOMO-ing into anything with low nominal value lead to endless twitter timelines like this, and now nobody has any idea where the market settles. What do you do now?
In the following weeks it will be a good time to rethink your investment approach and how you arrive at your decisions. Just buying whatever is shilled on Twitter or Reddit and jumping from one crypto to another isn't going to work like it did these last two months.
The good news is that we're finally back closer and closer to our long term moving average which is much more healthy for entrants, the bad news is that the fear might continue compounding if outstanding issues are not dealt with. Tether is the big concern for me personally for reasons I've stated many times, but some relief in the short term may come if the SEC and CFTC meeting on February 6th goes well. Nobody really knows where the bottom is but I think we're now past the "irrational exhuberance" stage and we're entering a period of more serious inspection where cryptos will actually have to prove themselves as useful. I suspect hype artists like CryptoNick and John McAfee will fall out of favor.
But perhaps most importantly use this as a learning experience, don't try to point fingers now. The type of dumb behavior that people were engaging in that was rewarded in a bull market (chasing pumps, going all in on a shillcoin, following hype..etc) could only ever lead to what we are experiencing now. Just like so many people jumped on the crypto bandwagon during the bull run, they will just as quickly jump on whatever bandwagon is to be used to blame for the deflation of the bubble. Nobody who pumped money into garbage without any use case will accept that they themselves with their own investing behavior were the real reason for the gross overvaluation of most cryptocurrencies, and the inevitable crash.
So if you're looking for a fresh start after the massacre (or just want to get in now), here is a guide:

Part A: Making a Investment Strategy

This is your money, put some effort into investing it with an actual strategy. Some simple yet essential advice that should apply to everyone, regardless of individual strategy:
  1. Slow down and research each crypto that you're buying for at least a week.
  2. Don't buy something just because it has risen.
  3. Don't exit a position just because it has declined.
  4. Invest only as much as you can afford to lose.
  5. Prepare enter and exit strategies in advance.
First take some time to think about your ROI target, set your hold periods for each position and how much you are actually ready to risk losing.
ROI targets
A lot of young investors who are in crypto have unrealistic expectations about returns and risk. A lot of them have never invested in any other type of financial asset, and hence many seem to consider a 5-10% ROI in a month to be unexciting.
But its important to temper your hype and realize why we had this exponential growth in the last year and how unlikely it is that we see 10x returns in the next year. What we saw recently was Greater Fool Theory in action. Those unexciting returns of 5-10% a month are much more of the norm, and much more healthy for an alternative investment class.
You can think about setting a target in terms of the market ROI over a relevant holding period and then add or decrease based on your own risk profile.
Example: Calculating a 2 year ROI target
Lets say you want to hold for 2 years now, how could you set a realistic target to strive for? You could look at a historical 2 year return as a base, preferably during a period similar to what we're facing now. Now that we had a major correction, I think we can look at the two year period starting in 2015 after we had the 2014 crash. To calculate a 2 year CAGR starting in 2015:
Year Total Crypto Market Cap
Jan 1, 2015: $5.5 billion
Jan 1, 2017: $18 billion
Compounded annual growth return (CAGR): [(18/5.5)1/2]-1 = 81%
This annual return rate of 81% comes out to about 4.9% compounded monthly. This may not sound exciting to the lambo moon crowd, but it will keep you grounded in reality. You can aim for a higher return (say 2x of that 81% rate) if you choose to take on more risky propositions. I can't tell you what return target you should set for yourself, but just make sure its not depended on you needing to achieve continual near vertical parabolic price action in small cap shillcoins because that isn't sustainable.
Once you have a target you can construct your risk profile (low risk vs. high risk category coins) in your portfolio based on your target.
Risk Management
Everything you buy in crypto is risky, but it still helps to think of these 3 risk categories:
How much risk should you take on? That depends on your own life situation for one, but also it should be proportional to how much expertise you have in both financial analysis and technology.
The general starting point I would recommend is:
Some more core principles on risk management to consider:
You can think of each crypto having a risk factor that is the summation of the general crypto market risk (Rm), but also its own inherent risk specific to its own goals (Ri).
Rt = Rm +Ri
The market risk is something you cannot avoid, it is essentially the risk that is carried by the entire market over things like regulations. What you can minimize though the Ri, the specific risks with your crypto. That will depend on the team composition, geographic risks (for example Chinese coins like NEO carry regulatory risks specific to China), competition within the space and likelihood of adoption and other factors, which I'll describe in Part 2: Crypto Picking Methodology.
Portfolio Allocation
Along with thinking about your portfolio in terms of risk categories described above, I really find it helpful to think about the segments you are in. OnChainFX has some segment categorization but I generally like to bring it down to:
Think about your "Circle of Competence", your body of knowledge that allows you to evaluate an investment. Your ability to properly judge risk and potential is going to largely correlated to your understanding of the subject matter. If you don't know anything about how supply chains functions, how can you competently judge whether VeChain or WaltonChain will achieve adoption? If you don't understand anything about the tech when you read the Cardano paper, are you really able to determine how likely it is to be adopted?
Consider the historic correlations between your holdings. Generally when Bitcoin pumps, altcoins dump but at what rate depends on the coin. When Bitcoin goes sideways we tend to see pumping in altcoins, while when Bitcoin goes down, everything goes down.
You should diversify but really shouldn't be in much more than around 12 cryptos, because you simply don't have enough competency to accurately access the risk across every segment and for every type of crypto you come across. If you have over 20 different cryptos in your portfolio you should probably think about consolidating to a few sectors you understand well.

Part B: Crypto Picking Methodology (Due Dilligence)

Do you struggle on how to fundamentally analyze cryptocurrencies? Here is a 3-step methodology to follow to perform your due dilligence:

Step 1: Filtering and Research

There is so much out there that you can get overwhelmed. The best way to start is to think back to your own portfolio allocation strategy and what you would like to get more off. For example in my view enterprise-focused blockchain solutions will be important in the next few years, and so I look to create a list of various cryptos that are in that segment.
Upfolio has brief descriptions of the top 100 cryptos and is filterable by categories, for example you can click the "Enterprise" category and you have a neat list of VEN, FCT, WTC...etc.
Once you have a list of potential candidates, its time to read about them:
  • Critically evaluate the website. If it's a cocktail of nonsensical buzzwords, if its unprofessional and poorly made, stay away. Always look for a roadmap, compare to what was actually delivered so far. Always check the team, try to find them on LinkedIn and what they did in the past.
  • Read the whitepaper or business development plan. You should fully understand how this crypto functions and how its trying to create value. If there is no use case or if the use case does not require or benefit from a blockchain, move on.
  • Check the blockchain explorer. How is the token distribution across accounts? Are the big accounts selling? Try to figure out who the whales are (not always easy!) and what the foundation/founder account is based on the initial allocation.
  • Look at the Github repos, does it look empty or is there plenty of activity?
  • Search out the subreddit and look at a few Medium or Steem blogs about the coin. How "shilly" is the community, and how much engagement is there between developer and the community?
  • I would also go through the BitcoinTalk thread and Twitter mentions, judge both the length and quality of the discussion.
You can actually filter out a lot of scams and bad investments by simply keeping your eye out on the following red flags:
  • allocations that give way too much to the founder
  • guaranteed promises of returns (Bitcooonnneeeect!)
  • vague whitepapers filled with buzzwords
  • vague timelines and no clear use case
  • Github with no useful code and sparse activity
  • a team that is difficult to find information on

Step 2: Passing a potential pick through a checklist

Once you feel fairly confident that a pick is worth analyzing further, run them through a standardized checklist of questions. This is one I use, you can add other questions yourself:
Crypto Analysis Checklist
What is the problem or transactional inefficiency the coin is trying to solve?
What is the Dev Team like? What is their track record? How are they funded, organized?
How big is the market they're targeting?
Who is their competition and what does it do better?
What is the roadmap they created and how well have they kept to it?
What current product exists?
How does the token/coin actually derive value for the holder? Is there a staking mechanism or is it transactional?
Is there any new tech, and is it informational or governance based?
Can it be easily copied?
What are the weaknesses or problems with this crypto?
The last question is the most important.
This is where the riskiness of your crypto is evaluated, the Ri I talked about above. Here you should be able to accurate place the crypto into one of the three risk categories. I also like to run through this checklist of blockchain benefits and consider which specific properties of the blockchain are being used by the specific crypto to provide some increased utility over the current transactional method:
Benefits of Cryptocurrency
Decentralization - no need for a third party to agree or validate transactions.
Transparency and trust - As blockchain are shared, everyone can see what transactions occur. Useful for something like an online casino.
Immutability - It is extremely difficult to change a transaction once its been put onto a blockchain
Distributed availability - The system is spread on thousands of nodes on a P2P network, so its difficult to take the system down.
Security - cryptographically secured transactions provide integrity
Simplification and consolidation - a blockchain can serve as a shared ledger in industries where multiple entities previously kept their own data sources
Quicker Settlement - In the financial industry when we're dealing with post-trade settlement, a blockchain can drastically increase the speed of verification
Cost - in some cases avoiding a third party verification would drastically reduce costs.

Step 3: Create a valuation model

You don't need to get into full modeling or have a financial background. Even a simple model that just tries to derive a valuation through relative terms will put you above most crypto investors. Some simple valuation methods that anyone can do:
Probablistic Scenario Valuation
This is all about thinking of scenarios and probability, a helpful exercise in itself. For example: Bill Miller, a prominent value investor, wrote a probabilistic valuation case for Bitcoin in 2015. He looked at two possible scenarios for probabalistic valuation:
  1. becoming a store-of-value equal to gold (a $6.4 trillion value), with a .25% probability of occurring
  2. replacing payment processors like VISA, MasterCard, etc. (a $350 million dollar value) with a 2.5% probability
Combining those scenarios would give you the total expected market cap: (0.25% x 6.4 trillion) + (2.5% x 350 million). Divide this by the outstanding supply and you have your valuation.
Metcalfe's Law
Metcalfe's Law which states that the value of a network is proportional to the square of the number of connected users of the system (n2). So you can compare various currencies based on their market cap and square of active users or traffic. We can alter this to crypto by thinking about it in terms of both users and transactions:
For example, compare the Coinbase pairs:
Metric Bitoin Ethereum Litecoin
Market Cap $152 Billion $93 Billion $7.3 Billion
Daily Transactions (last 24hrs) 249,851 1,051,427 70,397
Active Addresses (Peak 1Yr) 1,132,000 1,035,000 514,000
Metcalfe Ratio (Transactions Based) 2.43 0.08 1.47
Metcalfe Ratio (Address Based) 0.12 0.09 0.03
Generally the higher the ratio, the higher the valuation given for each address/transaction.
Market Cap to Industry comparisons
Another easy one is simply looking at the total market for the industry that the coin is supposedly targeting and comparing it to the market cap of the coin. Think of the market cap not only with circulating supply like its shown on CMC but including total supply. For example the total supply for Dentacoin is 1,841,395,638,392, and when multiplied by its price in early January we get a market cap that is actually higher than the entire industry it aims to disrupt: Dentistry.
More complex valuation models
If you would like to get into more fleshed out models with Excel, I highly recommend Chris Burniske's blog about using Quantity Theory of Money to build an equivalent of a DCF analysis for crypto.
Here is an Excel file example of OMG done by Nodar Janashia using Chris' model .
You should create multiple scenarios with multiple assumptions, both positive and negative. Have a base scenario and then moderately optimistic/pessimistic and highly optimistic/pessimistic scenario.
Personally I like to see at least a 50% upward potential before investing from my moderately pessimistic scenario, but you can set your own safety margin.
The real beneficial thing about modelling isn't even the price or valuation comparisons it spits out, but that it forces you to think about why the coin has value and what your own assumption about the future are. For example the discount rate you apply to the net present utility formula drastically affects the valuation, and it reflects your own assumptions of how risky the crypto is. What exactly would be a reasonable discount rate? What about the digital economy you are assuming for the coin, what levers affects its size and adoption and how likely are your assumptions to come true? You'll be a drastically more intelligent investor if you think about the fundamental variables that give your coin the market cap you think it should hold.

Summing it up

The time for lambo psychosis is over. But that's no reason to feel down, this is a new day and what many were waiting for. I've put together in one place here how to construct a portfolio allocation (taking into consideration risk and return targets), and how to go through a systematic crypto picking method. I'm won't tell you what to buy, you should always decide that for yourself and DYOR. But as long as you follow a rational and thorough methodology (feel free to modify anything I said above to suit your own needs) you will feel pretty good about your investments, even in times like these.
Edit: Also get a crypto prediction ferret. You won't regret it.
submitted by arsonbunny to CryptoCurrency [link] [comments]

Result from going through 100's of cryptocurrency projects on bitcointalk.org.

I will be the first person to tell you that I am not an "expert" and this is not financial advise. What I am sharing with you is some information based on my experience in the cryptocurrency world. It should be taken with an open, yet skeptical mind (As with anything you read). There will be somethings included that might not be relevant to what you are looking for or desire. I will not go into a lot of details on things you may not need to know.
My goal is to educate people and to share my knowledge. Not every project I picked has made it big. But, they are still around and kicking. I am never really in a rush to give my money to someone else- in hope for profits. I take my time, and I research. However, in the past several days, I had a very full plate. With so many projects, I had to come up with a system to filter through them at a reasonable speed. If you are investing in one project, it is worth spending A LOT of time researching it. You want to be confident that when you hand your money over to that project, that it is in the best hands for a LONG period of time.
If not, you will NOT be at ease in the long term.
My approach:
With over over 10,000 cryptocurrency projects listed on bitcointalk.org, I needed to come up with a plan on how to get through them in a timely manner. First, I came up with some parameters. Which means I had an idea on what I was looking for. It's similar to looking for a girl you think you want. You want to find one that fit your taste. Maybe she is 5'5, 130 lbs, blonde hair, green eyes, big titties, nice ass, out-going personality, had 0 kids, never married, wants kids, and has a great relationship with her parents. The particulars details matter when choosing a long term partner.
Well, let's say you needed to pick your ideal girl out of 10,000"girls" in one venue in a matter of days. The easiest attribute to start out with is height. You can eyeball a girl who is around 5'5. To be efficient, you wouldn't go up to each girl and measure how tall she is with a tape measure. It would be better to just walk around the room, and pick out which ones that appeared to be that height, and put them to the side to come back to later.
Next would be the hair. Easy to spot a girl with blonde hair. After a while of going around the room full of women, you begin getting really fast at picking the right height and hair color of girl you want. But you still have more attributes that you need to get to.
As with these projects, you have now narrowed down the list, but still have so much to go. The picked projects appealed to you at a glance. A glance doesn't mean thorough.
(The cons of this approach: there will surely be some girls (or projects) that slip through the cracks. Maybe you missed a 5'5 girl because she was bending down to pick something up, or you missed a blond girl because she was wearing a hat. This is bound to happen, and is nearly unavoidable when going through so many projects in a short period of time.
The chosen projects have a at least ONE developer, a working product, etc. Next, you need to research the team and the motivations. Are they really interested in this project or are they just doing it for the money? Is the product REALLY working or is it a clone, or a prototype? These are just a few things that need to be investigated.
There are many people who are after a quick buck. Personally, I don't think there is anything wrong with making money when an opportunity presents itself. If you can easily help someone and make money, that is a win-win. However, as I mention earlier, I am looking for projects that will last for years. So, I do my best to avoid fly by night outfits. And there are plenty.
Once you have narrowed down your list of projects, you will likely have only a handful that appeared to match your criteria. At this point, it is time to dive even deeper into the project. You need to make sure that blonde is REALLY a blonde, and not a wig or colored. Don't just ask her, touch it, pull it; meaning try out the working product. Check it out, it is free. If you don't like, ask if there is

anything that is going to be done to fix it in the future.

My tools:
My best tool is my common sense, and yours too. If something looks TOO good, it probably is. With today's information being at our finger tips, it is EASY to post questions to forums, and channels to have your question addressed. Don't be afraid to call a spade a spade. You may be wrong, or you ay be right. But ask regardless This is your money and you want to sleep easy at night.
My preferences:
In my book, I go in depth about MY preferences when choosing a product to invest in. I mention the pros and cons to everything. It is up to you to decide what is important for you. As I mentioned earlier- you and I are different. You may be looking for short term whereas I am looking for long term. You will develop a preference after spending time looking at the first 30 or so projects. You'll begin noticing red flags immediately; you'll be able to identify the crazy girl in an instant. You know which questions to ask.
Here is a tip: Ask questions about the project in the most popular place where everyone can see. Why? Because you want answers and it is your money. Nothing to be shy or embarrassed about. If people make fun of your question, who cares? And you can ask it in multiple locations, just to make sure YOU understand. And many communities will welcome this and others won't. Who cares?
With all that being said, I will list some of my **preliminary results. I will like to take the opportunity tell you the way they have been graded. When initially picking out the project, I would grade everything across the board. This took up too much time. It would have taken me months that way. Then, I switch to nearly a binary grading scale. Yes or No, If No, don't even add them to my chart. If Yes, was it a Super Yes or a maybe- need more research. Some would get a B, C, or D. I wouldn't even add an 'F' to my list at first. The F's were cause by being added then realizing the project was worthless to me. ("Dude looks like a lady" comes to mind)
**'A' meaning super good.
'F' meaning fuck off**
Then, when going back through the B's, they would be either upgraded or downgraded, likely to an A or D. Same with the C's. At one point, I was putting nearly all qualifying projects as a C, only to come back later and drop it down or raise it up. I was able to get through hundreds of projects this way. There were a couple A's that turned to C's.
All In all, after going through probably over 1000 projects, I actually ended up adding ~150 projects. Out of those 150, most ended up as C's, D's, and F's. I was left with only a handful of TRUE A's. The B's were the toughest. It was either YES or NO for the B's.
In the name of not shilling, I won't list any A's. In the name of rewarding you for taking the time to read this, I will release some of my preliminary results. If you want my thoughts on any particular project, let me know. If you disagree with a grade, please let me know why. Or ask why I gave it that grade. There are filled I intentionally left out, as to not flood this post with too much info.
Coin Name views Replies R to V ratio Clearness of announcement Problem the coin is solving Year of creation Mainstream Competition Crypto Competition different platform Overall Grade (worth keeping an eye on?)
Mintcoin High (1 million +) High not clear D
DubaiCoin Medium Medium not clear C
Ryo Very low Low somewhat clear C
Coin Name
Internet of People
Pascal Coin
Bitcore- BTX
Ethereum Classic
Bitcoin Gold
sexeleven coin
Project Bitmark
Sale Live
DigitalNote [XDN]
Haven Protocol
Flake Chain
Mixin Network
DeepOnion ONION
QLC Chain
DeepOnion TOR
ROI Coin
Crypto- cto
cryply (CRP)
I have already graded these coins and more. If you don't see your coin, it either didn't make it on initially, or I removed it because more research was needed (it might have received an "A")
submitted by A_solo_tripper to CryptoCurrency [link] [comments]

ethtrader Glossary of Terms

I recently introduced a friend to our humble, little subreddit and they quickly pointed out that the language spoken here did not appear to be English. I suppose we do toss around a fair amount of acronyms, memes, and slang. I put together a quick glossary of terms for them and figured I should post it here in case any other new ethtraders can benefit from it:

Trading Related:

Crypto-currency related, but not really specific to Ethereum:

Terms more specific to Ethereum


Any mistakes I made? Any terms you would add?
submitted by Basoosh to ethtrader [link] [comments]

I'm ThePiachu, /r/Bitcoin moderator for 3 years today, AMA

So it looks like I've been a moderator of /Bitcoin for 3 years now. Seems like as good of a reason as any to do my first AMA, so please ask away.
Some conversation starters:
Since we're talking about moderation, this blog post might be of interest to some of you - "On /Bitcoin moderation - three years in review".
So please, ask me anything (and keep it civil ;) ).
EDIT: set Q&A as a suggested sort for the AMA.
submitted by ThePiachu to Bitcoin [link] [comments]

What is NEM

What is NEM
NEM is the world’s first “Smart Asset” blockchain. Built with businesses in mind, NEM is a world class platform designed to offer a streamlined method to maintain a secure ledger of transactions.
NEM’s blockchain technology offers the potential to drastically simplify an enormous variety of secure ledger and transaction tracking systems. It provides an adaptable API interface that can be used with any programming language.
Designed with modular customization in mind, NEM can be used for almost any application thanks to its “Smart Asset System”.
As of October 2017, NEM is the 7th largest cryptocurrency in the world, with a market cap of nearly 2 billion.

History of NEM

NEM was launched on March 31, 2015 with the currency symbol XEM. The code was written in Java from scratch, as opposed to most other cryptocurrencies which were ‘forked’ off of existing codes and then later altered.
NEM’s origins date back to January 2014, when an open call for participation in a Bitcointalk forum called for a community-oriented cryptocurrency to be created from the ground up. The project saw 1,500 early investors buying XEM stakes, where 1 stake was equivalent to 2.25 million XEM coins.

What does NEM do?

NEM’s primary function is the implementation of what they call the “Smart Asset System”. In effect, this system gives users the ability to implement a customized blockchain for their own specific “smart contract”.
So what exactly does “Smart Asset System” mean?
Smart Assets are a way of describing the tools NEM uses to handle business data. “Smart Assets” give you the power to use NEM as if it were a custom blockchain built to handle your assets.
The “Smart Asset System” can be broken down into four components:
  • Addresses: Containers that hold coins, contracts, deeds, or any business records. These are items which are unique and can be updated. These containers could be something simple like a user’s account full of coins, or something more complex like a package to be shipped, a deed to a house, or a document to be notarized.
  • Mosaics: Custom tokens or other digital items. These could represent something like a coin, or items such as stock shares, reward points or even other currencies.
  • Namespaces: Web addresses that prove who you are and also give your assets a home. They let you create a unique place to put your assets on the NEM blockchain, thus making your assets unique, easy to use and trustable.
  • Transactions: Puts your ‘Smart Assets’ into play by allowing you to complete actions such as transferring Mosaics between Addresses or transferring and configuring ownership of Addresses.
NEM has provided a list of potential use cases for their ‘Smart Asset System’. Some uses include: voting, crowdfunding, stock ownership, keeping secure records, loyalty rewards point programs, mobile payments and escrow services. Many of these are large global industries in themselves which highlights just how huge the potential NEM customer base is.
As described in NEM’s whitepaper, NEM is designed to be a customizable blockchain-based technology used for business purposes. Because NEM’s software is so adaptable, the potential uses are nearly endless. For example, smart contracts can be used as central ledger software for banks, keeping track of transactions by investment companies, or storing and sending government documents such as birth certificates.
Unlike Bitcoin or Litecoin, NEM is not intended to be used as a currency.
In addition to the “Smart Asset System”, NEM is one of the most secure and easiest coins to use if you want to create your own coin and offer an ICO to raise funds for a startup.

According to NEM:
NEM’s approach is to let developers use a wide range of combinable functionalities which let them build powerful applications based on a closed set of atomic operations, and opens the network to almost any technological combination

Why Use NEM?

NEM Has A Low Transaction Fee of 0.01%

NEM utilizes a new code designed for transaction efficiency. XEM transactions take about 6 seconds to show up and about 20 seconds to confirm. On the other hand, Bitcoin can take up to an hour or more to confirm transactions.
Fees to transmit assets via the public blockchain (coins, documents, etc) are very low. Currently the transaction fee is only 0.01%. This means it costs $0.01 to send $100 worth of coins and $0.10 to send $1,000. In comparison, credit cards charge anywhere from 1.5 to 3% and Paypal charges 2.6%.
NEM’s 0.01% transaction fee is low even compared to other cryptocurrencies!

NEM Is Very Scalable

NEM is incredibly scalable. Currently NEM has transaction speeds comparable to Bitcoin, however when the planned updates go into effect the network could handle in the hundreds if not thousands of transactions per second. In comparison, Bitcoin is only able to handle 4–5 transactions per second. This has been a huge problem for Bitcoin and is a factor which has led to the Bitcoin currency being split into two (and soon three) different currencies.
If NEM isn’t meant to be used as a currency, then why care about trading coins? The truth is: you still need the coins.
In future, if companies use NEM software, they will eventually need to send their “Smart Assets” to various places. This will require sending the documents across the public NEM blockchain. Sending documents will require the company to pay a transaction fee, which can only be paid for in XEM (NEM’s coin).
In that respect, potential investors could see gains on their investment if companies begin to adopt NEM’s software. Since there is a set number of XEM coins (9 billion), as the demand for these coins increases, so will their value.

NEM Uses Unique Harvesting Methods

For those interested in harvesting some coins for yourself, NEM is one of most lucrative coins around (as opposed to the mining processes used by other coins).
NEM uses unique methods of Proof of Importance (POI) and Delegated Harvesting to award coins.
When a block is harvested, it confirms the transaction in the block, adds it to the blockchain permanently and then rewards the transactions fees from that block to the harvester.
A user’s POI determines who actually harvests a block, which is governed by three factors:
  • The user’s vested stake or if the coins have been in their account for a number of days
  • The user’s transaction partners or if the users are making transactions with others in the network
  • The number and size of transactions in the last 30 days
Delegated Harvesting is an efficient way to pool account power without exposing any private keys, which yields some benefits. For instance, your computer doesn’t even have to be running to harvest and harvesting is done automatically for anyone with over 10,000 vested XEM in their accounts.
These revolutionary methods implemented by NEM have leveled the playing field and gives power to users, not to hoarders or mining farmers.

What Sets NEM Apart From Other Cryptocurrencies

NEM is 100% traceable

NEM’s traceability is one big differentiating factor. Unlike its competitors such as Monero, there are no ‘private transactions’ on NEM.
Although many in the cryptocurrency community consider this a negative, it has some advantages. For one, traceability will allow security features such as buyer and seller protection to be implemented. This is one of the reasons NEM is a very secure coin. To date, there has been no major security issues.
NEM also allows businesses to track spending habits, a feature that is useful and may attract more businesses to use it in future.

NEM Uses Less Power

NEM uses 100 times less power than Bitcoin to run a node or harvest. This is why NEM’s transaction fees cost only a fraction of some of its competitors.

NEM Is Not Subject To Inflation

Another great thing about NEM is that all of the coins (8,999,999,999 to be exact) have already been created. This means that there is zero inflation. For most other coins such as Bitcoin or Litecoin, the mining process is still actively putting new coins into circulation, which will lead to some inflation.

NEM Does Not Focus On Retail Use

One thing you do not see NEM focusing on is coin price or retail use. Many cryptocurrencies focus on the coins themselves, but NEM is much more focused on the platform and the development community to try to create new apps for the platform.

NEM’s President Lon Wong has stated:
“It Might Be exciting to see quick price gains due to marketing and speculation, but the long term winners will be those with consumer and enterprise adoption”

Competitors and Challenges

NEM has a few big competitors such as Ripple, Factom, Ubiq. Most notable is Ethereum, the 2nd largest cryptocurrency in the world with a current market cap of nearly 30 billion dollars.
Compared to its competitors, NEM seems to be a more stable choice for building new applications with support for real business models. Its security and development features allow blockchain entrepreneurs to focus on relevant problems and not technical difficulties. Its learning curve is also much smoother than that of Ethereum.
One of the biggest challenges NEM has is getting people to understand what it does. Typically, coins such as Litecoin are designed to be used like fiat currencies. However, XEM coins aren’t meant to be used as currency, but a transactional platform for businesses and developers.
Another challenge for NEM is growing the pool of developers who have the knowledge to connect NEM to existing company networks. Luckily, NEM’s API is relatively easy to integrate with legacy networks. They have also been putting a lot of effort into growing a new wave of developers who can support their system.
NEM has opened the first blockchain center in Kuala Lumpur, Malaysia. The center is meant to serve as an incubator, accelerator and co-working space. They are clearly dedicated to promoting their product but also supporting the blockchain community as a whole.

Last Thoughts

Looking at the diverse business functions that NEM can perform, it is clear that there is a large potential customer base.
In addition to NEM’s current advantages, NEM plans to release the Catapult software this year which will add even more improvements to its current Mijin software. This will only put NEM further ahead of its competition. Developers at NEM are also actively working to make their product better and better.
NEM has an excellent development team, strong community support, a robust blog, good incentives and a solid business plan.
submitted by thecroba to u/thecroba [link] [comments]

List of successful bit-coin companies and services

The recent news about Abra made me think that only our Organization is qualified to prepare an authoritative list of bit-coin companies and services, classified according to their degree of success. Here is my first try:
Have significant demand by non-bitcoiners
Have significant demand only among bitcoin believers/holders
Do not have any demand to speak of
Any additions?
submitted by jstolfi to Buttcoin [link] [comments]

Начни свой день с r/BitRussia! Добро пожаловать на международный сабреддит Биткойн в России.

Cервисы мониторига блокчейна сети биткойн

Очень помогают, например, для проверки состояния транзакций.

Сервис "калькулятор"

http://preev.com Полезно, если необходимо посчитать конвертацию. Например, кто то хочет оплату в биткойне, но говорит сумму в долларах.

Как защитить свои средства?

  1. Использование HD адреса. Такие клиенты (кошельки) как Electrum создают множество биткойн адресов на основе одного, главного, мастер адреса. Из одного вытекают все множество остальных, иерархия. Это дает удобство, т.к теперь достаточно знать всего один ключ! И в любое время, всегда, можно из него восстановить все свои адреса.
  2. Использование seed. Seed переводится как "зерно", "семя". Эта технология позволяет представить длинную цепочку из цифр и букв, а именно так выглядит ключ биткойна, в виде ряда простых слов. Что очень упрощает его запись, или запоминание. Это так же используется в Electrum.
  3. Технология мультиподписи. Это простой, и эффективный способ защититься от кражи биткойнов. Суть заключается в том, что для отправки таранзакции, ее необходимо подтвердить двумя подписями. Например, один кошелек используем на смартфоне, другой на ноутбуке. Для того, чтоб украсть биткойны, прийдется получить доступ сразу к двум девайсам, что весьма сложно. Что может быть проще и надежнее этих методик для управления финансами? Золоту сложно конкурировать по этой части с биткойном.
спасибо за предоставленную информацию Grandpa_Mazay

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Проекты дополняющие или улучшающие функционал Биткойн

Проект Описание
Lightning Network Платёжные каналы для масштабирования сети
Blockstream Сайдчейны
Open Transactions & Counterparty & Omni & Open Assets & Symbiont Платформы финансовых активов
Augur & Mirror Предиктивный трейдинг
Factom Записи и титулы в блокчейн
Open Bazaar / Provistor & Bitmarket Свободный децентрализованный протокол торговли / свободные рынки
Zerocash & Dark Wallet & Joinmarket Улучшение приватности
ShapeShift.io Самый быстрый способ конвертации биткойнов между альткойнами
BitShares Децентрализованный обменник
Keybase & Bitrated Идентификация и репутационный менеджмент
Bitmesh & Telehash Mesh-сети
Maidsafe Децентрализованный интернет
Storj & Sia Децентрализованное файловое хранилище
21e6 Интернет вещей
Streamium Децентрализованный видео-стриминг
Abra Global Сеть денежных переводов P2P
bitSIM Безопасное оборудование PIN токенов между СИМ-картой и телефоном
Identifi Децентрализованная адресная книга с ситемами рейтинга
Coinometrics Институционный уровень биткойн аналитики данных & исследования
Blocktrail API биткойн мультиподписей
Copay Open source мультисиг кошелёк спроектированный BitPay
Bitcore Open source javascript библиотека от BitPay
Insight Open source blockchain API от BitPay
Foxtrot Сеть маршрутизации Open source от BitPay
La'Zooz Децентрализованный Ridesharing
Leet Убей своих друзей и забери их деньги ;)
Lawnmower Превращение сдачи в bitcoin. Купи кофе за $3.25 и преврати сдачу 75¢ в Биткойн.

Ограниченная эмиссия

В централизованных экономиках валюта выпускается центральным банком в том количестве, соразмерно с количеством производимых во всей экономике товаров и услуг для стабилизации цен. Денежная масса обычных денег контролируется центральным банком. В России ЦБ РФ увеличивает денежную базу путём выпуска валюты, и увеличивая денежную массу, в процессе под названием Количественное смягчение.
В полностью децентрализованной монетарной системе, центральный аппарат регулирующий монетарной базой заменяется программным обеспечением запрещающим любое человеческое вмешательство в эмиссию. В этом случае эмиссия контролируется криптографическим алгоритмом который следует чётким правилам в одно-ранговой peer-to-peer (P2P) сети. Этот алгоритм определяет, с какой частотой, в какое конкретное время и в каком количестве будут появляются денежные единицы. Любые попытки изменить (или взломать) количество выпуска несогласованное с правилами всей сети будет отвергаться криптографически любым компьютером благодаря возможности проверки транзакций без наличия необходимости синхронизироваться со всей сетью.
Валюта с ограниченной эмиссией
Биткоины создаются каждый раз когда пользователь находит новый блок. Частота создания блоков является постоянной: 6 штук в час. Количество выпущенных Биткоинов в блоке уменьшается геометрически, с сокращением на 50% каждые 4 года. В результате алгоритм имеет чёткий расписанный график по которому всего существующих Биткоинов никогда не будет больше 21 миллиона http://www.bitcointalk.org/index.php?topic=3366.msg47522#msg47522 Ограничение в 21 миллион. Расписание выпуска "21 миллиона" биткоинов включает в себя: 4-года выпуска Биткоинов определённого количества / уменьшение этого количества в два раза.
Изначально такое математическим обоснованием выбора такого количества Биткоинов было примерное соответствие скорости появления на свет золота в противовес потребности человечества в этом золоте. Пользователей которые используют компьютерные устройства для подтверждения транзакций называют Майнерами.
Прирост Биткоинов в краткосрочной перспективе
Эта таблица отображает количество Биткоинов, которые появятся на свет в ближайшем будущем. График рассчитан хронологически по блокам в ''Годах'', и его точность может незначительно расходиться по временным рамкам.
Дата Блок Эра вознаграждений BTC/блок Год (по расчету) Начало BTC BTC добавлено Конец BTC BTC увеличение Конец ВТС % лимита
2009-01-03 0 1 50.00 2009 0 2625000 2625000 infinite 12.500%
2010-04-22 52500 1 50.00 2010 2625000 2625000 5250000 100.00% 25.000%
2011-01-28 105000 1 50.00 2011 5250000 2625000 7875000 50.00% 37.500%
2011-12-14 157500 1 50.00 2012 7875000 2625000 10500000 33.33% 50.000%
2012-11-28 210000 2 25.00 2013 10500000 1312500 11812500 12.50% 56.250%
2013-10-09 262500 2 25.00 2014 11812500 1312500 13125000 11.11% 62.500%
2014-08-11 315000 2 25.00 2015 13125000 1312500 14437500 10.00% 68.750%
367500 2 25.00 2016 14437500 1312500 15750000 9.09% 75.000%
420000 3 12.50 2017 15750000 656250 16406250 4.17% 78.125%
472500 3 12.50 2018 16406250 656250 17062500 4.00% 81.250%
525000 3 12.50 2019 17062500 656250 17718750 3.85% 84.375%
577500 3 12.50 2020 17718750 656250 18375000 3.70% 87.500%
630000 4 6.25 2021 18375000 328125 18703125 1.79% 89.063%
682500 4 6.25 2022 18703125 328125 19031250 1.75% 90.625%
735000 4 6.25 2023 19031250 328125 19359375 1.72% 92.188%
787500 4 6.25 2024 19359375 328125 19687500 1.69% 93.750%
Спроектированный прирост Биткоинов в долгосрочной перспективе
Блок Эра BTC/блок Год Начало BTC BTC добавлено Конец BTC BTC уменьшение Конец BTC % лимита
0 1 50.00000000 2009.007 0.00000000 10500000.00000000 10500000.00000000 infinite 50.00000006%
210000 2 25.00000000 2013.000 10500000.00000000 5250000.00000000 15750000.00000000 50.00000000% 75.00000008%
420000 3 12.50000000 2016.993 15750000.00000000 2625000.00000000 18375000.00000000 16.66666667% 87.50000010%
630000 4 6.25000000 2020.986 18375000.00000000 1312500.00000000 19687500.00000000 7.14285714% 93.75000010%
840000 5 3.12500000 2024.978 19687500.00000000 656250.00000000 20343750.00000000 3.33333333% 96.87500011%
1050000 6 1.56250000 2028.971 20343750.00000000 328125.00000000 20671875.00000000 1.61290323% 98.43750011%
1260000 7 0.78125000 2032.964 20671875.00000000 164062.50000000 20835937.50000000 0.79365079% 99.21875011%
1470000 8 0.39062500 2036.956 20835937.50000000 82031.25000000 20917968.75000000 0.39370079% 99.60937511%
1680000 9 0.19531250 2040.949 20917968.75000000 41015.62500000 20958984.37500000 0.19607843% 99.80468761%
1890000 10 0.09765625 2044.942 20958984.37500000 20507.81250000 20979492.18750000 0.09784736% 99.90234386%
2100000 11 0.04882812 2048.934 20979492.18750000 10253.90520000 20989746.09270000 0.04887585% 99.95117198%
2310000 12 0.02441406 2052.927 20989746.09270000 5126.95260000 20994873.04530000 0.02442599% 99.97558604%
2520000 13 0.01220703 2056.920 20994873.04530000 2563.47630000 20997436.52160000 0.01221001% 99.98779307%
2730000 14 0.00610351 2060.913 20997436.52160000 1281.73710000 20998718.25870000 0.00610426% 99.99389658%
2940000 15 0.00305175 2064.905 20998718.25870000 640.86750000 20999359.12620000 0.00305194% 99.99694833%
3150000 16 0.00152587 2068.898 20999359.12620000 320.43270000 20999679.55890000 0.00152592% 99.99847420%
3360000 17 0.00076293 2072.891 20999679.55890000 160.21530000 20999839.77420000 0.00076294% 99.99923713%
3570000 18 0.00038146 2076.883 20999839.77420000 80.10660000 20999919.88080001 0.00038146% 99.99961859%
3780000 19 0.00019073 2080.876 20999919.88080001 40.05330000 20999959.93410001 0.00019073% 99.99980932%
3990000 20 0.00009536 2084.869 20999959.93410001 20.02560000 20999979.95970001 0.00009536% 99.99990468%
4200000 21 0.00004768 2088.861 20999979.95970001 10.01280000 20999989.97250001 0.00004768% 99.99995236%
4410000 22 0.00002384 2092.854 20999989.97250001 5.00640000 20999994.97890001 0.00002384% 99.99997620%
4620000 23 0.00001192 2096.847 20999994.97890001 2.50320000 20999997.48210001 0.00001192% 99.99998812%
4830000 24 0.00000596 2100.840 20999997.48210001 1.25160000 20999998.73370001 0.00000596% 99.99999408%
5040000 25 0.00000298 2104.832 20999998.73370001 0.62580000 20999999.35950001 0.00000298% 99.99999706%
5250000 26 0.00000149 2108.825 20999999.35950001 0.31290000 20999999.67240001 0.00000149% 99.99999855%
5460000 27 0.00000074 2112.818 20999999.67240001 0.15540000 20999999.82780001 0.00000074% 99.99999929%
5670000 28 0.00000037 2116.810 20999999.82780001 0.07770000 20999999.90550001 0.00000037% 99.99999966%
5880000 29 0.00000018 2120.803 20999999.90550001 0.03780000 20999999.94330001 0.00000018% 99.99999984%
6090000 30 0.00000009 2124.796 20999999.94330001 0.01890000 20999999.96220000 0.00000009% 99.99999993%
6300000 31 0.00000004 2128.788 20999999.96220000 0.00840000 20999999.97060001 0.00000004% 99.99999997%
6510000 32 0.00000002 2132.781 20999999.97060001 0.00420000 20999999.97480001 0.00000002% 99.99999999%
6720000 33 0.00000001 2136.774 20999999.97480001 0.00210000 20999999.97690000 0.00000001% 100.00000000%
6930000 34 0.00000000 2140.767 20999999.97690000 0.00000000 20999999.97690000 0.00000000% 100.00000000%
В связи с тем что количество единиц Биткоина невозможно увеличить, валюта начнёт претерпевать серьёзную дефляцию если станет широко используемой. Кейнезианские экономисты давно спорят над тем, что Дефляционная спираль плоха для экономического роста, потому что больше стимулирует откладывать, а не тратить деньги инвестируя их в бизнес создавая рабочие места. Австрийские школы мысли отвергают подобные виды критики, заявляя что по мере возникновения дефляции на всех уровнях производства, предприниматели и инвесторы извлекут из этого выгоду. В результате соотношения расходов и доходов останутся такими же, поменяв лишь размах капиталов. Другими словами, в дефляционной среде, товары и услуги будут стоить дешевле, в то же время уменьшатся расходы на их производство пропорционально, но не затрагивая спрос. Ценовая дефляция будет поощрять людей откладывать — следственно количество сохранённых средств — будут вести к ещё большему размаху капитала и создаст тот самый необходимый стимул предпринимателям инвестировать средства в мировое производство.
Также рекомендуем почитать

Кодекс биткойнера. Добавляйте свои пункты

В результате оффлайн общения с одним из постоянных посетителей нашей реддит-ветки, появилась идея создать кодекс настоящего биткойнера!
Предлагаю накидать свои варианты что должен делать или иметь человек, чтобы называться биткойнером.
Позже сделаем тест и сверстаем памятку которую будем дополнять.
Добавляйте новые пункты.
submitted by efxco to BitRussia [link] [comments]

A "maybe-solution" if a deposit is stuck on Poloniex (worked for FCT)

First, I don't know if this works for other assets than Factoids (Factom) and I also don't if it works everytime, but:
Some time ago I've made a FCT-deposit that was transferred correctly on the blockchain but didn't show up on my Polo-account at all, also not as pending. Of course I opened a support-ticket but: No reply for 12 days (never got reply).
After 12 days I wanted to know if the problem still exists, so I sent a very small amount to Polo again. And I was very surprised: It somehow pushed my previous deposit through which was instantly displayed (including enough confirmations). But, fun fact: The small amount was stuck then and didn't show up. I've repeated that about 3 times and it always(!) worked.
I've suggested this "solution" to two others who had the same problem and it also worked for them:
Why I write this post: It seems to work for Factoids but maybe it's a Polo-problem with other tokens as well and that would be interesting to know. But of course, I can't give any guarantee that it always works for FCT and I have no clue about other tokens. So, whoever wants to try this: Use small amounts.
I posted the above first on BitcoinMarkets because somehow I missed that Polo has it's own sub.
submitted by Ph03n1xII to PoloniexForum [link] [comments]

Factom (FCT) Explained - Best Altcoin in Bear Market? EP19: Paul Snow – Proving Digital Identities with FACTOM BitcoinTalk Announcement Thread SCAM ICO! Factom is bringing the blockchain to business Factom - Big Data on the Bitcoin Blockchain - BnkToTheFuture Case Study

Statistics. The Factom price is currently $ 1.71 with a 24-hour trading volume of $ 371,234 across 6 exchanges. The FCT price is down -1.62% in the last 24 hours. Factom reached its highest price on January 7, 2018, when it was trading at its all-time high of $ 85.64. It has a circulating supply of 9.21M FCT. Description Factom - Bitcoin Chart (FCT/BTC) Conversion rate for Factom to BTC for today is BTC0.00015411 . It has a current circulating supply of 9.25 Million coins and a total volume exchanged of BTC36.66411248 Factom (FCT) price stats and information. Share: Factom Price (Factom price history charts) 1 FCT = $ 1.6 USD (2020-07-12 00:06:28) bittrex: 0.00017 BTC (2020-07-12 00:01:04) 1 USD = 0.627 FCT Factom was founded in 2014 by Paul Snow and David Johnston. The Texas based company nudged its way into the blockchain-as-a-service (BAAS) market, and can now point to business links with the United States Department of Home Security, as well as the Gutenberg Project, which digitizes and uploads old cultural works. A user on Bitcointalk summarized another reason for the potential explosion of Factom as: “The problems that Factom promises to solve, with it’s focus on data, are more pressuring for more

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Factom (FCT) Explained - Best Altcoin in Bear Market?

Live Bitcoin Trading With DeriBot on Deribit DeriBot Backup 204 watching Live now Pomp Podcast #251: Mark Yusko on How we got to QE Infinity from the Fed - Duration: 1:06:39. Factom has always been one of those projects which I knew nothing about. We decided to go right to the source and get the 101 on Factom at their new head quarters in Austin Texas! If you want to ... Um canal sobre o mundo do Bitcoin, altcoins, mineração e dicas para ganhar dinheiro na internet! 🔴 [Live] BTC Bitcoin Airdrop by Coinbase CEO Brian Armstrong [05/01/2020] Coinbase Pro 127 watching Live now Introducing Blockchain Technology and Its Application in Business - Duration: 49:35. BitcoinTalk.org is the main Bitcoin discussion forum for tech support, mining, development, and economics. BitcoinTalk helped bring bitcoin to life by connec...

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