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Binance support number 1844-907-0583 has loads of offices, he continued, with staff in 50 countries. It was a new type of organization that doesn't need registered bank accounts and postal addresses.

Binance support number 1844-907-0583 CEO Changpeng "CZ" Zhao really doesn't want to tell you where his firm's headquarters is located.
To kick off ConsenSys' Ethereal Summit on Thursday, Unchained Podcast host Laura Shin held a cozy fireside chat with Zhao who, to mark the occasion, was wearing a personalized football shirt emblazoned with the Binance support number 1844-907-0583 brand.
Scheduled for 45 minutes, Zhao spent most of it explaining how libra and China's digital yuan were unlikely to be competitors to existing stablecoin providers; how Binance support number 1844-907-0583's smart chain wouldn't tread on Ethereum's toes – "that depends on the definition of competing," he said – and how Binance support number 1844-907-0583 had an incentive to keep its newly acquired CoinMarketCap independent from the exchange.
There were only five minutes left on the clock. Zhao was looking confident; he had just batted away a thorny question about an ongoing lawsuit. It was looking like the home stretch.
Then it hit. Shin asked the one question Zhao really didn't want to have to answer, but many want to know: Where is Binance support number 1844-907-0583's headquarters?
This seemingly simple question is actually more complex. Until February, Binance support number 1844-907-0583 was considered to be based in Malta. That changed when the island European nation announced that, no, Binance support number 1844-907-0583 is not under its jurisdiction. Since then Binance support number 1844-907-0583 has not said just where, exactly, it is now headquartered.
Little wonder that when asked Zhao reddened; he stammered. He looked off-camera, possibly to an aide. "Well, I think what this is is the beauty of the blockchain, right, so you don't have to ... like where's the Bitcoin office, because Bitcoin doesn't have an office," he said.
The line trailed off, then inspiration hit. "What kind of horse is a car?" Zhao asked. "Wherever I sit, is going to be the Binance support number 1844-907-0583 office. Wherever I need somebody, is going to be the Binance support number 1844-907-0583 office," he said.
Zhao may have been hoping the host would move onto something easier. But Shin wasn't finished: "But even to do things like to handle, you know, taxes for your employees, like, I think you need a registered business entity, so like why are you obfuscating it, why not just be open about it like, you know, the headquarters is registered in this place, why not just say that?"
Zhao glanced away again, possibly at the person behind the camera. Their program had less than two minutes remaining. "It's not that we don't want to admit it, it's not that we want to obfuscate it or we want to kind of hide it. We're not hiding, we're in the open," he said.
Shin interjected: "What are you saying that you're already some kind of DAO [decentralized autonomous organization]? I mean what are you saying? Because it's not the old way [having a headquarters], it's actually the current way ... I actually don't know what you are or what you're claiming to be."
Zhao said Binance support number 1844-907-0583 isn't a traditional company, more a large team of people "that works together for a common goal." He added: "To be honest, if we classified as a DAO, then there's going to be a lot of debate about why we're not a DAO. So I don't want to go there, either."
"I mean nobody would call you guys a DAO," Shin said, likely disappointed that this wasn't the interview where Zhao made his big reveal.
Time was up. For an easy question to close, Shin asked where Zhao was working from during the coronavirus pandemic.
"I'm in Asia," Zhao said. The blank white wall behind him didn't provide any clues about where in Asia he might be. Shin asked if he could say which country – after all, it's the Earth's largest continent.
"I prefer not to disclose that. I think that's my own privacy," he cut in, ending the interview.
It was a provocative way to start the biggest cryptocurrency and blockchain event of the year.
In the opening session of Consensus: Distributed this week, Lawrence Summers was asked by my co-host Naomi Brockwell about protecting people’s privacy once currencies go digital. His answer: “I think the problems we have now with money involve too much privacy.”
President Clinton’s former Treasury secretary, now President Emeritus at Harvard, referenced the 500-euro note, which bore the nickname “The Bin Laden,” to argue the un-traceability of cash empowers wealthy criminals to finance themselves. “Of all the important freedoms,” he continued, “the ability to possess, transfer and do business with multi-million dollar sums of money anonymously seems to me to be one of the least important.” Summers ended the segment by saying that “if I have provoked others, I will have served my purpose.”
You’re reading Money Reimagined, a weekly look at the technological, economic and social events and trends that are redefining our relationship with money and transforming the global financial system. You can subscribe to this and all of CoinDesk’s newsletters here.
That he did. Among the more than 20,000 registered for the weeklong virtual experience was a large contingent of libertarian-minded folks who see state-backed monitoring of their money as an affront to their property rights.
But with due respect to a man who has had prodigious influence on international economic policymaking, it’s not wealthy bitcoiners for whom privacy matters. It matters for all humanity and, most importantly, for the poor.
Now, as the world grapples with how to collect and disseminate public health information in a way that both saves lives and preserves civil liberties, the principle of privacy deserves to be elevated in importance.
Just this week, the U.S. Senate voted to extend the 9/11-era Patriot Act and failed to pass a proposed amendment to prevent the Federal Bureau of Investigation from monitoring our online browsing without a warrant. Meanwhile, our heightened dependence on online social connections during COVID-19 isolation has further empowered a handful of internet platforms that are incorporating troves of our personal data into sophisticated predictive behavior models. This process of hidden control is happening right now, not in some future "Westworld"-like existence.
Digital currencies will only worsen this situation. If they are added to this comprehensive surveillance infrastructure, it could well spell the end of the civil liberties that underpin Western civilization.
Yes, freedom matters
Please don’t read this, Secretary Summers, as some privileged anti-taxation take or a self-interested what’s-mine-is-mine demand that “the government stay away from my money.”
Money is just the instrument here. What matters is whether our transactions, our exchanges of goods and services and the source of our economic and social value, should be monitored and manipulated by government and corporate owners of centralized databases. It’s why critics of China’s digital currency plans rightly worry about a “panopticon” and why, in the wake of the Cambridge Analytica scandal, there was an initial backlash against Facebook launching its libra currency.
Writers such as Shoshana Zuboff and Jared Lanier have passionately argued that our subservience to the hidden algorithms of what I like to call “GoogAzonBook” is diminishing our free will. Resisting that is important, not just to preserve the ideal of “the self” but also to protect the very functioning of society.
Markets, for one, are pointless without free will. In optimizing resource allocation, they presume autonomy among those who make up the market. Free will, which I’ll define as the ability to lawfully transact on my own terms without knowingly or unknowingly acting in someone else’s interests to my detriment, is a bedrock of market democracies. Without a sufficient right to privacy, it disintegrates – and in the digital age, that can happen very rapidly.
Also, as I’ve argued elsewhere, losing privacy undermines the fungibility of money. Each digital dollar should be substitutable for another. If our transactions carry a history and authorities can target specific notes or tokens for seizure because of their past involvement in illicit activity, then some dollars become less valuable than other dollars.
The excluded
But to fully comprehend the harm done by encroachments into financial privacy, look to the world’s poor.
An estimated 1.7 billion adults are denied a bank account because they can’t furnish the information that banks’ anti-money laundering (AML) officers need, either because their government’s identity infrastructure is untrusted or because of the danger to them of furnishing such information to kleptocratic regimes. Unable to let banks monitor them, they’re excluded from the global economy’s dominant payment and savings system – victims of a system that prioritizes surveillance over privacy.
Misplaced priorities also contribute to the “derisking” problem faced by Caribbean and Latin American countries, where investment inflows have slowed and financial costs have risen in the past decade. America’s gatekeeping correspondent banks, fearful of heavy fines like the one imposed on HSBC for its involvement in a money laundering scandal, have raised the bar on the kind of personal information that regional banks must obtain from their local clients.
And where’s the payoff? Despite this surveillance system, the U.N. Office on Drugs and Crime estimates that between $800 billion and $2 trillion, or 2%-5% of global gross domestic product, is laundered annually worldwide. The Panama Papers case shows how the rich and powerful easily use lawyers, shell companies, tax havens and transaction obfuscation to get around surveillance. The poor are just excluded from the system.
Caring about privacy
Solutions are coming that wouldn’t require abandoning law enforcement efforts. Self-sovereign identity models and zero-knowledge proofs, for example, grant control over data to the individuals who generate it, allowing them to provide sufficient proof of a clean record without revealing sensitive personal information. But such innovations aren’t getting nearly enough attention.
Few officials inside developed country regulatory agencies seem to acknowledge the cost of cutting off 1.7 billion poor from the financial system. Yet, their actions foster poverty and create fertile conditions for terrorism and drug-running, the very crimes they seek to contain. The reaction to evidence of persistent money laundering is nearly always to make bank secrecy laws even more demanding. Exhibit A: Europe’s new AML 5 directive.
To be sure, in the Consensus discussion that followed the Summers interview, it was pleasing to hear another former U.S. official take a more accommodative view of privacy. Former Commodities and Futures Trading Commission Chairman Christopher Giancarlo said that “getting the privacy balance right” is a “design imperative” for the digital dollar concept he is actively promoting.
But to hold both governments and corporations to account on that design, we need an aware, informed public that recognizes the risks of ceding their civil liberties to governments or to GoogAzonBook.
Let’s talk about this, people.
A missing asterisk
Control for all variables. At the end of the day, the dollar’s standing as the world’s reserve currency ultimately comes down to how much the rest of the world trusts the United States to continue its de facto leadership of the world economy. In the past, that assessment was based on how well the U.S. militarily or otherwise dealt with human- and state-led threats to international commerce such as Soviet expansionism or terrorism. But in the COVID-19 era only one thing matters: how well it is leading the fight against the pandemic.
So if you’ve already seen the charts below and you’re wondering what they’re doing in a newsletter about the battle for the future of money, that’s why. They were inspired by a staged White House lawn photo-op Tuesday, where President Trump was flanked by a huge banner that dealt quite literally with a question of American leadership. It read, “America Leads the World in Testing.” That’s a claim that’s technically correct, but one that surely demands a big red asterisk. When you’re the third-largest country by population – not to mention the richest – having the highest number of tests is not itself much of an achievement. The claim demands a per capita adjustment. Here’s how things look, first in absolute terms, then adjusted for tests per million inhabitants.
Binance support number 1844-907-0583 has frozen funds linked to Upbit’s prior $50 million data breach after the hackers tried to liquidate a part of the gains. In a recent tweet, Whale Alert warned Binance support number 1844-907-0583 that a transaction of 137 ETH (about $28,000) had moved from an address linked to the Upbit hacker group to its wallets.
Less than an hour after the transaction was flagged, Changpeng Zhao, the CEO of Binance support number 1844-907-0583, announced that the exchange had frozen the funds. He also added that Binance support number 1844-907-0583 is getting in touch with Upbit to investigate the transaction. In November 2019, Upbit suffered an attack in which hackers stole 342,000 ETH, accounting for approximately $50 million. The hackers managed to take the funds by transferring the ETH from Upbit’s hot wallet to an anonymous crypto address.
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[HOT] Recruiting merchants at PBank OTC trading area. No threshold Entrying to OTC, No Transaction Fees!

In order to provide you with more convenient services, from 11:00 on July 18, 2020, all users who have passed the KYC review will automatically be certified as Merchants at PBank OTC trading area, and will be exempted from OTC transaction fees (Remarks: previously, merchants posted advertising fees for 0.1% of the posted amount.).
Users are welcome to go to the PBank OTC trading area to publish trading advertisements or directly trade.
PBank OTC transaction notes:
  1. Before the fiat currency transaction, please complete KYC;
  2. Before the fiat currency transaction, please bind the payment method.
(1) In order to ensure the normal use of your accounts, users are requested to use Alipay or WeChat for OTC transactions as far as possible. It is recommended not to use bank cards to collect payments.
(2) In addition, your name in the payment method should be the same as the real name of the KYC.
  1. When you choose an OTC merchant, the merchant’s payment method, whether it is WeChat/Alipay/bank card, must be one of the payment methods you have, otherwise it will not be able to trade.
  2. When a merchant publishes an advertisement, he shall not maliciously set a price that is significantly different from the market price.
  3. When the buyer pays fiat currency off-site, please note that no sensitive information, such as “digital currency, BTC, bitcoin, USDT, PBank”, etc., so as not to affect the use of your accounts.
  4. If you encounter problems during the fiat currency transaction, if the buyer does not release the currency within the specified time after the payment, or the seller encounters the buyer’s delayed payment, you need to appeal. Please click here for the appeal process. If you have any questions, you can also contact customer service.
For more precautions, please carefully read and follow the trading rules of the PBank OTC. PBank reserves the right to cancel the qualifications of users who do not follow the rules to participate in OTC trading at any time, and to block accounts.
Features of PBank fiat currency transaction (OTC):
Safe: technology, products, services and other dimensions guarantee users’ transaction security; Convenient: merchants and users independently trade, and the platform provides comprehensive and detailed information display; Support the expansion of trading pairs: In the future, PBank will successively launch transactions of different currencies and fiat currencies to fully meet user needs.
About PBank
PBank is a global digital asset service platform registered in Singapore and controlled by Dade bank of America, providing users around the world with safe, stable and convenient integrated digital asset service.
PBank pays attention to compliance, and has obtained cooperation with local regulatory agencies in overseas countries. It has many compliance licenses and compliance support from America(MSB license), Kyrgyzstan and other overseas countries. PBank develops diversified business strategy. It not only has operation centers in many places around the world, but also includes digital asset bank, investment bank, digital asset exchange and digital asset wallet. PBank provides users with industry-leading transaction depth and safety and fast operation experience. Meanwhile, mobile terminal and multi-language switch make it convenient for users around the world to use anytime and anywhere.
Official website: https://www.pbank.com PBank APP download link: https://www.pbank.com/download.html
You can also check the latest news through the official PBank account:
Twitter: https://twitter.com/OfficialPbank Weibo: https://www.weibo.com/pbankglobal Telegram Global Group: https://t.me/PBankGlobal Telegram Chinese Group:https://t.me/PbankChinese LinkedIn: https://www.linkedin.com/company/pbank/ Github: https://github.com/PBANKcloud Medium:https://medium.com/@pbankglobal Instagram:https://www.instagram.com/pbankglobal/ WeChat subscription accounts: @PBankGlobal
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The Intellectual Foundation of Bitcoin比特幣的智識基礎. By Chapman Chen, HKBNews

The Intellectual Foundation of Bitcoin比特幣的智識基礎. By Chapman Chen, HKBNews

https://preview.redd.it/w6v3l8n3zxu41.jpg?width=2551&format=pjpg&auto=webp&s=fb0338a36a1a321d3781f43ff5eb6929d8b92edc
Summary: Bitcoin was invented by the anonymous Satoshi Nakamoto as recently as 2008, but it is backed up by a rich intellectual foundation. For instance, The 1776 First Amendment separates church and state, and contemporary American liberation psychologist Nozomi Hayase (2020) argues that money and state should similarly be separated. Just as Isaac Newton’s study of alchemy gave rise to the international gold standard, so has the anonymous creator Satoshi Nakamoto's desire for a “modernized gold standard” given rise to Bitcoin. Indeed, Bloomberg's 2020 report confirms Bitcoin to be gold 2.0. Montesquieu (1774) asserted that laws that secure inalienable rights can only be found in Nature, and the natural laws employed in Bitcoin include its consensus algorithm and the three natural laws of economics (self-interest, competition, and supply and demand). J.S. Mill (1859) preferred free markets to those controlled by governments. Ludwig von Mises (1951) argued against the hazards of fiat currency, urging for a return to the gold standard. Friedrich Hayek (1984) suggested people to invent a sly way to take money back from the hands of the government. Milton Friedman (1994) called for FED to be replaced by an automatic system and predicted the coming of a reliable e-cash. James Buchanan (1988) advocated a monetary constitution to constrain the governmental power of money creation. Tim May (1997) the cypherpunk proclaimed that restricting digital cash impinges on free speech, and envisioned a stateless digital form of money that is uncensorable. The Tofflers (2006) pictured a non-monetary economy. In 2016, UCLA Professor of Finance Bhagwan Chowdhry even nominated Satoshi for a Nobel Prize.
Full Text:
Separation between money and state
The 1791 First Amendment to the U.S. Constitution enshrines free speech and separates church and state, but not money and state. "Under the First Amendment, individuals’ right to create, choose their own money and transact freely was not recognized as a part of freedom of expression that needs to be protected," Japanese-American liberation psychologist Nozomi Hayase (2020) points out (1).
The government, banks and corporations collude together to encroach upon people's liberties by metamorphosing their inalienable rights into a permissioned from of legal rights. Fiat currencies function as a medium of manipulation, indulging big business to generate market monopolies. "Freedom of expression has become further stifled through economic censorship and financial blockage enacted by payment processing companies like Visa and MasterCard," to borrow Hayase's (2020) words.
Satoshi is a Modern Newton
Although most famous for discovering the law of gravity, Isaac Newton was also a practising alchemist. He never managed to turn lead into gold, but he did find a way to transmute silver into gold. In 1717, Newton announced in a report that, based on his studies, one gold guinea coin weighed 21 shillings. Just as Isaac Newton’s study of alchemy gave rise to the international gold standard, so has the desire for a “modernized gold standard” given rise to Bitcoin. "In a way, Satoshi is a modern Newton. They both believed trust is best placed in the unchangeable facets of our economy. Beneath this belief is the assumption that each individual is their own best master," as put by Jon Creasy (2019) (2).
J.S. Mill: free markets preferable to those controlled by governments
John Stuart Mill (1806-1873) the great English philosopher would be a Bitcoiner were he still around today. In On Liberty (1859), Mill concludes that free markets are preferable to those controlled by governments. He argues that economies function best when left to their own devices. Therefore, government intervention, though theoretically permissible, would be counterproductive. Bitcoin is precisely decentralized or uncontrolled by the government, unconfiscatable, permissonless, and disinflationary. Bitcoin regulates itself spontaneously via the ordinary operations of the system. "Rules are enforced without applying any external pressure," in Hayase's (2020) words.
Ludwig von Mises (1958): Liberty is always Freedom from the Government
In The Free Market and its Enemies, theoretical Austrian School economist Ludwig von Mises (1951) argues against the hazards of fiat currency, urging for a return to the gold standard. “A fiat money system cannot go on forever and must one day come to an end,” Von Mises states. The solution is a return to the gold standard, "the only standard which makes the determination of the purchasing power of money independent of the changing ideas of political parties, governments, and pressure groups" under present conditions. Interestingly, this is also one of the key structural attributes of Bitcoin, the world’s first, global, peer-to-peer, decentralized value transfer network.
Actually, Bloomberg's 2020 report on Bitcoin confirms that it is gold 2.0. (3)
Von Mises prefers the price of gold to be determined according to the contemporaneous market conditions. The bitcoin price is, of course, determined across the various global online exchanges, in real-time. There is no central authority setting a spot price for gold after the which the market value is settled on among the traders during the day.
Hayek: Monopoly on Currency should End
Austrian-British Nobel laureate Friedrich Hayek’s theory in his 1976 work, Denationalization of Money, was that not only would the currency monopoly be taken away from the government, but that the monopoly on currency itself should end with multiple alternative currencies competing for acceptance by consumers, in order "to prevent the bouts of acute inflation and deflation which have played the world for the past 60 years." He forcefully argues that if there is no free competition between different currencies within any nation, then there will be no free market. Bitcoin is, again, decentralized, and many other cryptocurrencies have tried to compete with it, though in vain.
In a recently rediscovered video clip from 1984, Hayek actually suggested people to invent a cunning way to take money out of the hands of the government:- “I don’t believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can’t take them violently out of the hands of government, all we can do is by some sly roundabout way introduce something they can’t stop” (4). Reviewing those words 36 years hence and it is difficult not to interpret them in the light of Bitcoin.
Milton Friedman Called for FED to be Replaced by an Automatic System
Nobel laureate economist Milton Friedman (1994) was critical of the Federal Reserve due to its poor performance and felt it should be abolished (5). Friedman (1999) believed that the Federal Reserve System should ultimately be replaced with a computer program, which makes us think of the computer code governing Bitcoin (6).[\](https://en.wikipedia.org/wiki/Criticism_of_the_Federal_Reserve#cite_note-:2-12) He (1970) favored a system that would automatically buy and sell securities in response to changes in the money supply. This, he argued, would put a lid on inflation, setting spending and investment decisions on a surer footing (7). Bitcoin is exactly disflationary as its maximum possible supply is 21 million and its block reward or production rate is halved every four years.
Friedman passed away before the coming of bitcoin, but he lived long enough to see the Internet’s spectacular rise throughout the 1990s. “I think that the Internet is going to be one of the major forces for reducing the role of government," said Friedman in a 1999 interview with NTU/F. On the same occasion, he sort of predicted the emergence of Bitcoin, "The one thing that’s missing, but that will soon be developed, is a reliable e-cash, a method whereby on the Internet you can transfer funds from A to B, without A knowing B or B knowing A." (8)
Of course, Friedman didnt predict the block chain, summed up American libertarian economist Jeffery Tucker (2014). “But he was hoping for a trustless system. He saw the need. (9).
Bitcoin Computer Code as Constitution in the Buchananian Sense
American economist cum Nobel laureate James Buchanan (1988) advocates constitutional constraints on the governmental power to create money (10). Buchanan distinguishes a managed monetary system—a system “that embodies the instrumental use of price-level predictability as a norm of policy”—from an automatic monetary system, “which does not, at any stage, involve the absolute price level” (Buchanan 1962, 164–65). Leaning toward the latter, Buchanan argues that automatic systems are characterized by an organization “of the institutions of private decision-making in such a way that the desired monetary predictability will emerge spontaneously from the ordinary operations of the system” (Buchanan 1962, 164). Again, "Bitcoin regulates itself through the spontaneous force of nature, flourishing healthy price discovery and competition in the best interest of everyone" (Hayase 2020).
Shruti Rajagopalan (2018) argues that the computer code governing how the sundry nodes/computers within the Bitcoin network interact with one another is a kind of monetary constitution in the Buchananian sense. One of Buchanan's greatest inputs is to differentiate the choice of rules from the choice within rule (Buchanan 1990). One may regard the Bitcoin code as a sort of constitution and "the Bitcoin network engaging in both the choice of rules and choice within rules" (Rajagopalan 2018) (11).
Tim May: Restricting Digital Cash may Impinge on Free Speech
Cypherpunks are activists who since the 1980s have advocated global use of strong cryptography and privacy-enhancing technologies as a route to social and political liberation. Tim May (Timothy C. May [1951-2018]), one of the influential cypherpunks published The Crypto Anarchist Manifesto in September 1992, which foretold the coming of Bitcoin (12). Cypherpunks began envisioning a stateless digital form of money that cannot be censored and their collaborative pursuit created a movement akin to the 18th Enlightenment.
At The 7th Conference on Computers, Freedom, and Privacy, Burlingame, CA. in 1997, Tim May equated money with speech, and argued that restricting digital cash may impinge on free speech, for spending money is often a matter of communicating orders to others, to transfer funds, to release funds, etc. In fact, most financial instruments are contracts or orders, instead of physical specie or banknotes (13).
Montesquieu: Laws that secure inalienable rights can only be found in Nature
In his influential work The Spirit of Laws (1748), Montesquieu wrote, “Laws ... are derived from the nature of things … Law, like mathematics, has its objective structure, which no arbitrary whim can alter". Similarly, once a block is added to the end of the Bitcoin blockchain, it is almost impossible to go back and alter the contents of the block, unless every single block after it on the blockchain is altered, too.
Cypherpunks knew that whereas alienable rights that are bestowed by law can be deprived by legislation, inalienable rights are not to be created but can be discovered by reason. Thus, laws that secure inalienable rights cannot be created by humankind but can be found in nature.
The natural laws employed in Bitcoin to enshrine the inalienable monetary right of every human being include its consensus algorithm, and the three natural laws of economics (self-interest, competition, and supply and demand) as identified by Adam Smith, father of modern economics.
Regarding mathematics, bitcoin mining is performed by high-powered computers that solve complex computational math problems. When computers solve these complex math problems on the Bitcoin network, they produce new bitcoin. And by solving computational math problems, bitcoin miners make the Bitcoin payment network trustworthy and secure, by verifying its transaction information.
Regarding economic laws, in accordance with the principle of game theory to generate fairness, miners take part in an open competition. Lining up self-interests of all in a network, with a vigilant balance of risk and rewards, rules are put in force sans the application of any exterior pressure. "Bitcoin regulates itself through the spontaneous force of nature, flourishing healthy price discovery and competition in the best interest of everyone," to borrow the words of Hayase (2020).
A Non-monetary Economy as Visualized by the Tofflers
In their book, Revolutionary Wealth (2006), futurists Alvin Toffler and his wife Heidi Toffler toy with the concept of a world sans money, raising a third kind of economic transaction that is neither one-on-one barter nor monetary exchange. In the end, they settle on the idea that the newer non-monetary economy will exist shoulder-to-shoulder with the monetary sector in the short term, although the latter may eventually be eclipsed by the former in the long run. What both the Tofflers' The Third Wave (1980) and Revolutionary Wealth bring into question is the very premise of monetary exchange. The vacuum left over by cash in such a non-monetary economy may be filled up by Bitcoin as a cryptocurrency.
Satoshi Nakamoto Nominated for Nobel Prize by UCLA Finance Prof.
UCLA Anderson School Professor of Finance Bhagwan Chowdhry nominated Satoshi Nakamoto for the 2016 Nobel Prize in Economics on the following grounds:-
It is secure, relying on almost unbreakable cryptographic code, can be divided into millions of smaller sub-units, and can be transferred securely and nearly instantaneously from one person to any other person in the world with access to internet bypassing governments, central banks and financial intermediaries such as Visa, Mastercard, Paypal or commercial banks eliminating time delays and transactions costs.... Satoshi Nakamoto’s Bitcoin Protocol has spawned exciting innovations in the FinTech space by showing how many financial contracts — not just currencies — can be digitized, securely verified and stored, and transferred instantaneously from one party to another (14).
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Disclaimer: This article is neither an advertisement nor professional financial advice.
End-notes
  1. https://bitcoinmagazine.com/articles/bitcoin-is-the-technology-of-dissent-that-secures-individual-liberties
  2. https://medium.com/hackernoon/why-sir-isaac-newton-was-the-first-bitcoin-maximalist-195a17cb6c34
  3. https://data.bloomberglp.com/professional/sites/10/Bloomberg-Crypto-Outlook-April-2020.pdf
  4. https://www.youtube.com/watch?v=EYhEDxFwFRU&t=1161s
  5. https://www.youtube.com/watch?v=m6fkdagNrjI
  6. http://youtu.be/mlwxdyLnMXM
  7. https://miltonfriedman.hoover.org/friedman_images/Collections/2016c21/IEA_1970.pdf
  8. https://www.youtube.com/watch?v=6MnQJFEVY7s
  9. https://www.coindesk.com/economist-milton-friedman-predicted-bitcoin
  10. https://www.aier.org/research/prospects-for-a-monetary-constitution/
  11. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3238472
  12. https://www.activism.net/cypherpunk/crypto-anarchy.html
  13. http://osaka.law.miami.edu/~froomkin/articles/tcmay.htm
  14. https://www.huffpost.com/entry/i-shall-happily-accept-th_b_8462028
Pic credit: Framingbitcoin
#bitcoin #bitcoinhalving #jamesBuchanan #MiltonFriedman #AlvinToffler #FirstAmendment #LudwigVonMises #TimMay #freeMarket # SatoshiNakamoto #FriedrichHayek #Cypherpunk #Cryptocurrency #GoldStandard #IsaacNewton
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The Day Advances | Monthly FIRE Portfolio Update - January 2020

The day advanced as if to light some work of mine
Thoreau, Walden
This is my thirty-eighth portfolio update. I complete this update monthly to check my progress against my goal.
Portfolio goal
My objective is to reach a portfolio of $2 180 000 by 1 July 2021. This would produce a real annual income of about $87 000 (in 2020 dollars).
This portfolio objective is based on an expected average real return of 3.99 per cent, or a nominal return of 6.49 per cent.
Portfolio summary
Vanguard Lifestrategy High Growth Fund – $813 282
Vanguard Lifestrategy Growth Fund – $45 802
Vanguard Lifestrategy Balanced Fund – $83 162
Vanguard Diversified Bonds Fund – $110 472
Vanguard Australian Shares ETF (VAS) – $178 121
Vanguard International Shares ETF (VGS) – $34 965
Betashares Australia 200 ETF (A200) – $272 399
Telstra shares (TLS) – $2 046
Insurance Australia Group shares (IAG) – $8 970
NIB Holdings shares (NHF) – $6 492
Gold ETF (GOLD.ASX) – $106 701
Secured physical gold – $17 252
Ratesetter (P2P lending) – $14 755
Bitcoin – $153 530
Raiz app (Aggressive portfolio) – $18 365
Spaceship Voyager app (Index portfolio) – $2 534
BrickX (P2P rental real estate) – $4 477
Total portfolio value: $1 873 325 (+$94 067)
Asset allocation
Australian shares – 42.8% (2.2% under)
Global shares – 22.6%
Emerging markets shares – 2.4%
International small companies – 3.1%
Total international shares – 28.1% (1.9% under)
Total shares – 70.9% (4.1% under)
Total property securities – 0.2% (0.2% over)
Australian bonds – 4.5%
International bonds – 9.5%
Total bonds – 14.0% (1.0% under)
Gold – 6.6%
Bitcoin – 8.2%
Gold and alternatives – 14.8% (4.8% over)
Presented visually, below is a high-level view of the current asset allocation of the portfolio.
Comments
This month saw exceptional growth in the portfolio, with a net increase of $94 000 after a small fall last month.
[Chart]
This is the fastest growth in the past half year. It is also the second largest absolute increase in over three years of measurement.
[Chart]
As the histogram below - which counts the frequency of occurrences in a specified range of monthly value changes (with red denoting losses) - makes clear, this is one of the most positive outcomes in the three year record.
[Chart]
The sources of portfolio growth were generally buoyant global and Australian share markets. Just under half of the growth was also due to an increase in the price of both gold securities and Bitcoin. In addition, even bond holdings increased in value over the period.
Distribution payments from the Vanguard retail funds, as well as the exchange-traded funds VAS, VGS and A200 were made through this month.
These totalled around $14 000 and have begun to be gradually fed back into the portfolio. This is a process which will occur through to June - with new investments twice per month. So far this has led to additional purchases in Vanguard's Australian shares exchange-traded fund (VAS) to maintain the target allocation of Australian equities making up 60 per cent of all equity holdings.
The bond allocation of the portfolio continues to be notionally under its target, but has not yet reached a position where further balancing investments are warranted. Fully excluding the value of Bitcoin, for example, it still sits on its target allocation of 15 per cent of the portfolio.
If the same calculation is done for equities, they sit just above their target, at 77 per cent, and have drifted higher since early last year. Over the past months my position has been to take no portfolio balancing actions based purely on the volatile value of Bitcoin over time, and this remains my approach.
There is no perfect answer to this issue - assigning no value to Bitcoin and ignoring it for asset allocation purposes is inconsistent with its role in the portfolio. Pushing either equity or bond allocations sharply out of target boundaries merely due to short-term Bitcoin movements is also not warranted. Taking a backcast 'moving average' approach might be one statistical solution, but I am not yet convinced it would do more than moderate the appearance of the issue.
While expenditure has been higher over the holiday period, on average the gap between the rolling three-year average of distributions and credit card expenditure continues to close, and sits at just over a $300 per month gap at present.
Flags of convenience - estimating hedging in the portfolio
This month, out of a curiosity carried over from my recent review of my bond holdings, I have found the time to review of the overall currency hedging position of the portfolio.
There are some excellent online research papers (pdf) and blog pieces, such as this one from Passive Investing Australia, for those interested in learning more about some of the associated issues.
Currency risks have never previously been an object of much detailed thought on the journey. Rather, I had tracked a basic measure of broader exposure to foreign assets (including foreign equities, property securities, gold and more recently Bitcoin).
The additional issue of whether my exposure to these assets was unhedged (meaning exposure to gains and losses from the relative movement in the Australian dollar and the foreign currencies) or hedged was not really front of mind.
I suppose I had a dim awareness that some elements of the Vanguard retail funds that have until recently dominated the portfolio were hedged (for example, around 30 per cent of the Vanguard High Growth Diversified funds equity position is currency hedged), and judged that there was likely a well-considered rationale behind the amount of this hedging.
The first step to understanding where any exposures exist is to understand and measure the current state of affairs. As of today, this is broadly as set out below:
The decision to invest in Vanguard's International Shares ETF (VGS), which is unhedged, is a significant event in this regard.
The chart below shows the overall level of currency hedging in the international equity portfolio. Investments in VGS commenced from July 2019, and have started to affect the level of hedging.
[Chart]
As future contributions flow into VGS - absent any other action - a historically quite stable level of hedging will continue to fall. So far this is just a trend I am monitoring, until I have completed more research and thinking on the best approach in this area.
There are many complicated, and some unknowable, issues to consider and balance in hedging decisions, such as the likely denomination of future costs, and the historical and future relationships between domestic currencies and equity markets. None avail themselves of short or easy answers. Until I have thought my way through them more fully, I remain hesitant to make any definitive decisions.
Progress
Progress against the objective, and the additional measures I have reached is set out below.
Measure Portfolio All Assets
Portfolio Objective – $2 180 000 (or $87 000 pa) 85.2% 115.9%
Credit card purchases – $71 000 pa 103.9% 141.4%
Total expenses – $89 000 pa 83.3% 113.3%
Summary
This month has seen rapid progress, propelling the portfolio closer to both old and new goals. The portfolio gains this month have already closed nearly half of the additional distance created by increasing my portfolio target at the beginning of the year.
The psychological forward push from distributions performance across 2019 (including, pleasingly, seeing it recognised here) has added to this sense of momentum. Additionally, this month I have also crossed the threshold to the target portfolio size needed to achieve 'credit card FI', a long-standing measure I have tracked.
The long summer break that has just ended in some ways seemed like a foretaste of what some versions of financial independence could feel like. With the minimum of planning there was time to read, rest, exercise and write largely as I pleased.
Returning to work following this has been infused with an unusual sense of being a temporary visitor in a new workplace. There is a greater philosophical detachment, in observing its rituals and rhythms, and less of a desire to seek to shape or resist its minutiae. Rather, what I have focused on is seeking to more deliberately make use of the freedoms it does not constrain, and pursue the best and most interesting use of the time that is outside of work hours.
Through these recent strong Australian and US equity markets, this article has been a useful reminder of the 'survivorship' risks of focusing a FI target too narrowly on past performance.
This excellent recent piece from Aussie HIFIRE has also, from another direction, usefully focused on separating out the decisions that do, and do not, materially matter in planning and executing on a passive indexing strategy over the long-term. For a challenging and entirely heterodox view on the potential long-term movement of equity markets upwards from here, this article has been thought-provoking.
Finally, this month I have been discovering the Jolly Swagman podcast, which has long and fascinating interviews with the ex-head of the Reserve Bank of Australia, and Nobel Prize winning US economist Robert Shiller speaking on bubbles and narrative economics.
During the long restful hours of summer break, the day has advanced. Though clouds may come in time, as the year starts - at least - the way forward looks bright.
The post, links and full charts can be seen here.
submitted by thefiexpl to fiaustralia [link] [comments]

Bitcoin Billionaire Reviews : Complete Sign Up Guide [2020]

We as a whole realize what Bitcoin Billionaire Billionaire are, at any rate from a fundamental perspective, and most wise tech darlings have at any rate thought about buying some type of digital money. In case you're among the individuals who are really charmed by all types of cryptographic forms of money, at that point you additionally realize that the arrangement of code which they all sudden spike in demand for is known as a blockchain.
What Are Bitcoin Billionaire Block Explorers?
For Bitcoin Billionaire (and alt-coins, as well), the blockchain is a continuous record of each exchange that has each happened utilizing that cash. The chain is persistently getting longer as new squares are finished and get connected as far as possible as another arrangement of recorded information. Each new connection in the chain is included as it happens, giving it an unmistakable straight recipe.
The explanation the blockchain is so productive is on the grounds that it very well may be seen by anybody, yet it can't be duplicated. This permits genuinely open source coding and straightforwardness of information without giving up security.
Envision an information sheet that is copied on each PC that is associated with the web, and afterward envision that updates can be made to this sheet progressively from anyplace on the planet.
These updates will be appeared to everybody seeing it immediately. On the off chance that you can picture that, at that point you have a simple comprehension of how the blockchain functions.
The entirety of the information in a blockchain exists as an unendingly shared and continually refreshed database. The blockchain utilizes organizing that gives everybody a precise perspective on all records progressively. It isn't recorded in any single stockpiling gadget or housed on a specific remote server. Rather, it's records are kept really open and exist all over the place.
Since there is no focal stockpiling or ace duplicate of this information, it is highly unlikely for programmers to degenerate it. The blockchain is facilitated by a huge number of PCs at the same time and is lucid and evident by any individual who approaches the web.
As a result of the way the blockchain works, it gives another degree of unparalleled straightforwardness and receptiveness to the budgetary world. Since the data is all visible progressively, it is just normal that numerous individuals are interested and wish to look at it.
Tragically, not every person who is keen on review the blockchain for Bitcoin Billionaire Billionaire is really educated enough to peruse its code. Still more who really realize how to peruse and comprehend it would spare time if there were a simpler method to translate it.
There are the individuals who have perceived this need and have decided to answer the call by giving blockchain pilgrims. These blockchain voyagers show the information found inside the blockchain in an outwardly engaging manner to make it simpler to peruse.
Top Bitcoin Billionaire Block Explorers To Pay Attention To
Here is a rundown of the best 6 blockchain voyagers that merit investigating.
  1. Blockcypher
Blockcypher is a Bitcoin Billionaire blockchain voyager that utilizations warm hues and is extremely simple on the eyes when seeing for significant stretches. Watchers can look into a Bitcoin Billionaire wallet's location and immediately observe the record for reserves sent and got through that wallet, just as its QR code.
Blockcypher is additionally ready to show any unspent sums in the wallet, which numerous blockchain travelers can't do or think about a propelled include. You can likewise utilize Blcokcypher to see the square chains of different cryptographic forms of money, for example, Dogecoin and Litecoin.
  1. Bitcoin BillionaireChain
Some may consider Bitcoin BillionaireChain excessively a lot to deal with outwardly, while others will appreciate the capacity to see a great deal of data without a moment's delay. This is on the grounds that Bitcoin BillionaireChain figures out how to fit a huge amount of information onto a solitary screen. This information incorporates Bitcoin Billionaire pools, arrange hubs, and markets.
It ventures to show which individual square was mined by which mining pool on which organize. Bitcoin BillionaireChain offers a wallet administration too, which is a pleasant touch. With everything taken into account, this is a blockchain adventurer that has a ton to offer for the individuals who need to know the entirety of the subtleties when seeing a given blockchain.
  1. Blockr
Any individual who has their hands in cryptographic money in any genuine way will have just heard the name Blockr. This blockchain pilgrim is one of indisputably the most mind boggling and comprehensive of all the blockchain pioneer alternatives accessible. It shows a huge amount of data, however has an advantageous and simple to peruse position that clients love.
Clients can choose a Bitcoin Billionaire trade and it will show a value file for Bitcoin Billionaire Billionaire on that trade. Blockr can aggregate the blockchain data utilizing a broad API which changes over the information into an assortment of diagrams containing the entirety of the data in a visual way that is anything but difficult to recognize and think about.
  1. BTC.com
BTC.com is less broad than other blockchain adventurers, yet is ideal for following or watching out for explicit information. The first page of the site shows the hash pace of each mining pool progressively, and furthermore tracks other continuous system data. BTC.com likewise keeps tabs of system clog, which is acceptable to know for specific employments.
In case you're attempting to stay aware of one explicit Bitcoin Billionaire address, this is the spot to go. BTC.com can follow the entirety of the notices of that specific address and make a path of that tends to movement.
  1. Blockchain.Info
Blockchain.info is one of the most well-known and intensely utilized blockchain wayfarers. This has brisk and simple go to alternatives for looking into a particular exchange or address without an excessive amount of complain.
Blockchain.info offers a decent measure of information as general graphs and insights about the Bitcoin Billionaire organize by and large. The site additionally has a wallet administration for both versatile and work area clients.
  1. TradeBlock
TradeBlock is somewhat not quite the same as most blockchain pioneers. While it peruses the equivalent blockchain and pulls a similar data for review, it presents that information in an alternate way. The entirety of the data is gathered and designed into outer connections, every one of which prompts hashes for singular exchanges.
It monitors the quantity of yields and information sources and shows them independently, which is a touch of a flighty insights that most fundamental clients aren't worried about, yet the more nerd clients will appreciate.
It advantageously tracks the specific number of exchange affirmations progressively and continues refreshing as new exchanges are finished. TradeBlock is maybe the most inside and out and subtleties blockchain pioneer on the rundown, and it shows the data in a way that is ideal for the more bad-to-the-bone Bitcoin Billionaire lovers.
Last Words On Bitcoin Billionaire Block Explorers
Regardless of whether you're searching for a speedy and simple look at an irregular blockchain to straighten something up or you're a profoundly learned Bitcoin Billionaire dealer looking to min-max returns, there is a blockchain traveler on this rundown that has all that you need.
https://www.cryptoerapro.com/bitcoin-billionaire/
submitted by cryptoerapro to u/cryptoerapro [link] [comments]

Don't trust. Verify!

What can be done to improve the general users' awareness of security issues?

The average Bitcoin user is quick to spread memes like "verify all the things" or "don't trust. Verify!" but then goes on and uses custodial services to store his bitcoins or doesn't care that nobody does verify the software they use, as long as it's open source.
Probably people think that somebody else in the community is doing the verification and indeed, bitcoin core is highly scrutinized and the binaries are independently verified by many more than one person, yet the majority of wallets deployed are not bitcoin core or desktop wallets in general, where verifiability is more common. The majority is mobile apps.
My field of expertise is Android and there, the situation is really grim:
"Being your own bank" is not the only viable option but ...
submitted by giszmo to Bitcoin [link] [comments]

AsicVault - Frequently Asked Questions

When was AsicVault established and how is it funded?
AsicVault was established 2016. It is funded by founders and corporate investors. Please see Crunchbase.

How can it be 1,000 times harder to crack compared to other BIP-39 hardware wallets?
BIP-39 hardware wallets are working on very low performance microcontrollers or secure elements. They are doing only 2,048 iterations of PBKDF2 SHA-512 that is even less than old NIST recommendation of 10,000 rounds from year 2016.
Performing higher number of PBKDF2 SHA-512 is standard practice for good security. iTunes does it, LastPass does it and Veracrypt as well. Even Ledger agrees that this very low number is the main problem of BIP-39.
AsicVault specially designed SHA-512 accelerator inside high performance secure chip is at least 340 times faster than common microcontrollers. The number of PBKDF2 SHA-512 rounds is set to be exactly 1,000 times higher than BIP-39, hence the cost to crack AsicVault is also 1,000 times bigger.
Please read in-depth teardown review and validation of AsicVault SHA-512 performance here.
You can perform independent analysis according to this PDF and our device performance is shown on this video.

Does it support BIP-39 passphrase?
Yes, AsicVault supports all standard BIP-39 seed words and additional passphrase (so-called 25th word). You can restore your HD wallet account created by other hardware wallets (Ledger, Trezor, Keepkey) without any additional steps. AsicVault always opens standard security BIP-39 account and high security BIP-39 accounts at the same time.

Why two processors?
Common design practice, also followed by Ledger, is to separate secure and non-secure code. Our advantage is that these two RISC-V processors are inside a single secure chip. This way the Security CPU has full access to the Application CPU RAM. This makes it possible to do proper secure boot.

Why RISC-V?
Open instruction set. Possibility to have open source CPU and extensions. We have already implemented several custom instructions.

Do I need a computer to initialize the device?
No. You can supply power from wall adapter or battery bank. AsicVault supports true air-gapped environment.
You can perform full device initialization, seed word generation and seed word backup without connection to the computer. You can also charge the device and check the status the same way.

Can I use USB extender cables?
Certified USB2.0 extender cables can be used. We don’t recommend extender cables while using USB3.1 features of the device. The device can detect (some) bad cables and show warning messages about them. It is not recommended to use cables/extenders longer than 2.5m. In any case, cables with lower AWG value are better, such as AWG20.

How hot does the device get?
During normal operation AsicVault device temperature reaches 35-37C. High speed USB3.0 operation adds additional 7C. AsicVault utilizes full Aluminum enclosure as an effective heatsink. Internal chips can tolerate up to +85C, so you never need to worry about them overheating. There are no Lithium batteries inside the device that are known for leaking and not tolerating high temperatures.

How long does the active anti-tamper system work?
Active anti-tamper protects your device at least 2 weeks, possibly up to 45 days, after you have fully charged the device. It takes just 15 minutes to charge the supercapacitors again. It is advisable to connect the device to a power source at least once per week. Different anti-tamper settings affect the anti-tamper aggressiveness, sensitivity and power consumption.
It is also good practice to enter your passphrase weekly so that you will not forget it.

How often can I charge it? Do the batteries age?
You can charge it as often as you like, several times per day. Supercapacitors can be charged 50,000 – 1,000,000 times during their lifetime compared to common Lithium batteries that only allow 500-1,000 times. Therefore even 10 times per day for 10 years should be fine. At least weekly charging is recommended for best anti-tamper protection.

How long are private keys safely stored inside device before the memory gets weak and they are lost?
Data retention time of Flash memory inside the main chip is 20 years. Additional encryption keys stored inside FRAM can last for 40 years at temperatures below 70C. These values are higher than the expected lifetime of the device. In any case you must make paper backup(s) of your seed words.

Can it store the whole Bitcoin blockchain inside the device?
No. The device is not designed to store large amounts of data. Internal 128-megabyte Flash is used to store applications. There are thousands of copies of the blockchain, storing yet another copy is not meaningful or necessary.

What is FIPS 140-2 highest Level 4?
FIPS 140-2 is Federal Information Processing Standard.
Level 4 requires that:
  1. physical security mechanisms provide a complete envelope of protection around the cryptographic module
  2. with the intent of detecting and responding to all unauthorized attempts at physical access
  3. Penetration of the cryptographic module enclosure from any direction has a very high probability of being detected, resulting in the immediate deletion of all plaintext CSPs
  4. Security Level 4 also protects a cryptographic module against a security compromise due to environmental conditions or fluctuations outside of the module's normal operating ranges for voltage and temperature
  5. A cryptographic module is required to include special environmental protection features designed to detect fluctuations and delete CSPs
We have used these guidelines while designing AsicVault. We meet and exceed the requirements in the following way:
  1. AsicVault has full Aluminium/Titanium enclosure that is not designed to be opened. Passive antitamper mesh protects the electronic circuits inside the device. Main secure chip also has chip level metal layer anti-tamper mesh.
  2. Active anti-tamper circuit monitors all intrusion attempts and performs immediate device zeroization upon detecting any such attempts.
  3. AsicVault has temperature, voltage and many other sensors that are continuously monitored by the anti-tamper circuit. Additionally, AsicVault has internal supercapacitor-based power reserve to run Elliptic Curve calculations and other cryptographic functions. Therefore, external voltage fluctuations can’t affect our device while performing these critical operations.
  4. Zeroization not only deletes the private keys, it also destroys internal hardware design making it impossible to perform any further analysis of the hardware.
AsicVault has not participated in formal Cryptographic Module Validation Program since we are not targeting US government users at this point.

Can AsicVault device run Linux?
It is not our priority to run Linux since it has too big overhead for hardware wallet. However, our RISC-V processors and Mark II hardware can run Linux for your custom projects.

Where can I purchase the device?
Please contact your local supplier about availability.
submitted by photonreality to AsicVaultOfficial [link] [comments]

In the Shade of Afternoon | Monthly FI Portfolio Update – August 2019

It is idle, having planted an acorn in the morning, to expect that afternoon to sit in the shade of the oak.
Antoine de Saint-Exupéry, Wind, Sand and Stars
This is my thirty-third portfolio update. I complete this update monthly to check my progress against my goals.
Portfolio goals
My objectives are to reach a portfolio of:
Both of these are based on an expected average real return of 4.19%, or a nominal return of 7.19%, and are expressed in 2018 dollars.
Portfolio summary
Vanguard Lifestrategy High Growth Fund – $750 246 Vanguard Lifestrategy Growth Fund – $43 194 Vanguard Lifestrategy Balanced Fund – $79 500 Vanguard Diversified Bonds Fund – $110 418 Vanguard Australian Shares ETF (VAS) – $102 977 Vanguard International Shares ETF (VGS) – $20 184 Betashares Australia 200 ETF (A200) – $258 984 Telstra shares (TLS) – $1 982 Insurance Australia Group shares (IAG) – $14 056 NIB Holdings shares (NHF) – $8 868 Gold ETF (GOLD.ASX) – $104 149 Secured physical gold – $16 759 Ratesetter* (P2P lending) – $19 968 Bitcoin – $158 330 Raiz* app (Aggressive portfolio) – $16 223 Spaceship Voyager* app (Index portfolio) – $2 104 BrickX (P2P rental real estate) – $4 395 Total value: $1 712 337 (-$2 653)
Asset allocation
Australian shares – 40.5% (4.5% under) Global shares – 22.2% Emerging markets shares – 2.4% International small companies – 3.1% Total international shares – 27.7% (2.3% under) Total shares – 68.3% (6.7% under) Total property securities – 0.3% (0.3% over) Australian bonds – 5.1% International bonds – 10.1% Total bonds – 15.1% (0.1% over) Gold – 7.1% Bitcoin – 9.2% Gold and alternatives – 16.3% (6.3% over)
Presented visually, below is a high-level view of the current asset allocation of the portfolio.
[Chart]
Comments
The portfolio experienced a small decline this month, with an overall decrease of $2 600. This movement comes after a strong period of expansion through the first half of the year in the value of the portfolio.
[Chart]
As with last month, the fall occurs despite some significant new investments being made, meaning the absolute size of the decline is somewhat obscured. Renewed concerns about global trade and a relative weakening in the outlook for future earnings played a significant role in the overall movement of the portfolio.
[Chart]
Once again movements this month within the portfolio have been relatively limited in terms of the size of the portfolio.
Equity holdings have declined by around $28 000 when contributions are accounted for, whilst appreciation in the price of gold has offset just over a third of that loss. In fact, despite no recent purchases, the gold component of the portfolio is currently at the highest nominal value it has ever held.
On the topic of gold, this 2013 paper (pdf) provides a comprehensive and skeptical empirical analysis of the range of claims made to support holding gold, including tracing the real gold value of average soldiers pay across 2000 years.
This month has seen a continuing 'averaging in' of the capital from July distributions. These have been directed to purchases of Vanguard's Australian shares ETF (VAS). This is to bring the allocation closer to my original targets - with my Australian shares allocation currently further underweight than the international shares allocation. Psychologically, a weakening Australian dollar has also made purchasing unhedged international shares more problematic.
Risk, volatility, markets and economies
There has been significant market volatility this month, and discussion around the future of Australian and global growth in the midst of trade tensions between US and China.
In such times, something to remember as this St Louis Federal Reserve piece points out, is that the economy and sharemarket are not the same thing. This means that bad (or good) news for one, does not necessarily imply anything about the other. Missing this has the potential to lead to overconfident investment actions predicated on assumptions of future national economic trends (which will themselves most likely be priced into equity markets well before any retail investor reading the news arrives).
The volatility in equity markets has brought out many well-intentioned injunctions to remain calm and fixed on the objective of contributing capital with a long-term view in mind.
At times, however, this wise advice can shade into a form of near complacency - for example, for people to invest confident in the knowledge that long-term returns are (almost) guaranteed. No doubt this is generally good advice, directed at easing particularly new investors' concerns about investing at the "wrong" time, and reducing the potential damage from selling into falling markets due to panic.
Even as I continue to invest amidst volatility, it is important to reflect on Elroy Dimson's definition that 'risk means more things can happen than will happen', and to consider that the history of equity markets available to us provides only a basis for sound conclusions around what has happened, not what could happen. This is the definition of the risk assumed in markets by investors.
None of this is to suggest that starting, saving and regular investing with a view to one's individual risk tolerances are not the most important steps in the path to FI. There is a need to pause, however, and acknowledge that at times common financial independence investment precepts bear a disconcerting passing resemblance to the declaration and mathematical proof offered by famous stock promoter Jacob J Raskob in the well-known Ladies Home Journal (pdf) article exactly 90 years ago. This declaration was that with a steady investment in equities, based on the past patterns of returns, 'everybody ought to be rich'.
Nearly 90 years happened to be just before the Great Depression devastated equity markets and employment prospects alike, and US equity investors were behind in nominal terms for around 25 years. Interestingly, however, this New York Times article argues that deflation, higher dividend yields and impacts from changes in the Dow index composition could theoretically have shortened the real losses of any investor to just 4.5 years, provided they possessed the resources and fortitude to hold on to average stocks.
Progress
Progress against the objectives, and the additional measures I have reached is set out below.
Measure Portfolio All Assets Objective #1 – $1 598 000 (or $67 000 pa) 107.1% 145.4% Objective #2 – $1 980 000 (or $83 000 pa) 86.5% 117.4% Credit card purchases - $73 000 pa 98.3% 133.4% Total expenses - $89 000 pa 80.7% 109.4%
Summary
Progress against my goals and benchmarks has been static this month, with the exception of the 'total expenditure' benchmark. My detailed review of expenditure last month identified that I could lower this to recognise some double-counting of fixed expenses, and this has meant a leap forward in progress in that aim of 5.8 per cent. This moves the clock forward appreciably for achieving that benchmark.
As a general rule, it is always later than we think. For example, on a recent lunch time walk it occurred to me that if my progress to my current FI target of $1.98 million is considered in terms of the length of an ordinary working day, it is currently approximately 3.50pm in the afternoon. Quite late, and just over an hour until heading home.
This perspective, of being further towards the tail end than expected, is explored fully and powerfully in the blog Wait but Why here. It helps frame the remaining journey. Viewed in this way, wishing time away seems less useful and fitting than seeking to fill the remaining time with as much meaning, learning, knowledge transmission and patience as feasible. Yet it also explains why in a FI context at this stage sharp changes in investing approach, or commencing new 'side hustles' have limited appeal.
Despite it being late afternoon from this one perspective, there are a couple of other considerations or viewpoints. One is the potentially deceptive role of compounding later in the journey, which means that - at least in a stylised world of 'smooth returns' - the end goal is actually likely closer than any purely linear measure would suggest.
The other counterpoint to this is that while in my case the absolute journey to FI has involved serious investments over around 18 years, this is not the whole story. Viewed in terms of the average 'age' of dollars actually contributed or invested, the journey of the average dollar in the portfolio has been shorter.
In fact, in terms of dollars contributed, around 50 per cent have been contributed since January 2016. So, in some ways, it is more akin to mid-morning for the portfolio as a whole, meaning perhaps that I should not reasonably expect to shade myself under the oak tree just yet.
Finally, this month also saw Pat the Shuffler emerge from a short hiatus and provide a honest and well-argued insight into his rethink on investment options between LICs and ETFs. I also enjoyed reading the start of another Australian FI voice at Fire for One.
The past few months has also had many interesting podcasts related to FI - from The Escape Artists' Chris Reining on Equity Mates, to a really fascinating practical ChooseFI episode on David Sawyer's on the UK Path to FI. On the slightly more technical and future focused side of finance, the outgoing address of the Bank of England's Governor to the Jackson Hole central bankers gathering provides much food for thought on current and longer term monetary and currency issues, particularly as global bond rates continue to cross the 'zero-bound' into uncharted territory.
The post and full charts can be seen here.
submitted by thefiexpl to fiaustralia [link] [comments]

TheMessage Edition 006

TheMessage Edition 006

1 – Quote of the Week – Who Spoke/Wrote these Words?

“One of the best ways to achieve justice is to expose injustice.”
Look for the answer somewhere in this edition of TheMessage

2 – A Deeper Look Inside The Rabbit Hole of Utopia – PART III

In Part II we reviewed the heyday of the BBS (Bulletin Board Service) as well as Internet Relay Chat (IRC). In Part III we will focus on the revolutionary changes that came about in the way people shared content and the consequences of those changes. In early 1999, Napster was launched by teenagers who had met each other on a BBS related to hacking by some accounts, and IRC by others. Their goal was clear; make sharing music over the internet easy. Their software utilized Peer-to-Peer technology and took off like wildfire. The growth of their service was explosive even by today’s standards and helped popularize the term “downloading” in many households. At its height, Napster was utilized by more than 70 million users. The calendar year did not close before the RIAA (Recording Industry Association of America) filed suit on behalf of all five major music labels on December 6, 1999. Eventually the court ordered Napster to pull down all copyright-infringing material and being unable to fully do so, the company shutdown its service on July 1, 2001.
Analysis: The founders of Napster, seeking eventual traditional profits from their service, incorporated the company and in so doing, painted a legal bullseye on their backs for vested interests to target. In legal discovery, communications from one of the founders highlighted a kind of complicity with the copyright-infringement that was rampant on their service. Furthermore, while their software had elements of Peer-to-Peer technology, in that users could share their own content and download from others, the network resources were fully centralized, enabling Napster engineers to attempt to execute the court order and purge their service of infringing content before eventually shutting down. Ultimately, Napster failed because their technology was not fully decentralized, not fully Peer-to-Peer, they exhibited central chokepoints from both a legal and technical perspective.
On July 2, 2001, literally a single day after the Napster central servers were shutdown for good, the first publically available version of the BitTorrent protocol went live. In every way which Napster exhibited fatal flaws during its less than 3 year run, BitTorrent carried the torch with a firmer grip and a longer stride. First, it was an independent and content-agnostic protocol, free from any of the copyright-infringing baggage that the billions and billions of files that would soon be shared using it would carry. Second, it harnessed the awesome power of genuine Peer-to-Peer technology, as “seeders” and “leechers” of files would testify, the bandwidth came from the users themselves, no central servers to target, no central chokepoint to take down. Within 10 years of its release, some reports had BitTorrent traffic representing fully more than half of all internet bandwidth at any given moment in time. The term BitTorrent has become inextricably linked with Peer-to-Peer technology itself and many technically inclined internet users of a certain age, this author included, will lecture you about how the internet simply would not be the same today without the power of BitTorrent.
Think for just a moment how dreadful a place the internet would be if information itself, of a relatively high quality, were not so freely available with a few searches and a little effort. What if when you searched about the “Gulf of Tonkin incident” because you heard that perhaps Vietnam didn’t start the war with the United States, you came across a paywall and were asked to pay $9.99 to learn the historical truth. Just imagine if you decided to research the “USS Liberty incident” because you heard reports that the Israeli military misidentifying the ship as Eqyptian and killing 34 Americans were complete fabrications and Israel knew exactly who it was targeting on that day, but found that reports and in-depth analysis of the events of that day were simply unavailable online because such information was locked up in the vaults of a private corporation and not for sale or distribution.
Can you imagine such an internet for a single moment?
That is how the internet would be with respect to content (Video, Audio, Games, Books) if BitTorrent did not exist. It would be full of holes, paywalls, and dead ends. BitTorrent, and the democratizing nature of content and content distribution represents the very best of the internet in that era. What would happen if this kind of democratizing power were projected unto money itself? That will be the focus of Part IV; the rise of Bitcoin.

3 – Introducing UtopiaLeaks by Orwell

Julian Assange is the speaker of this week’s quote, “One of the best ways to achieve justice is to expose injustice.” He is an Australian activist and publisher who founded Wikileaks in 2006. He is currently in Belmarsh prison, in South-East London, England awaiting extradition hearings to the United States, having been indicted for alleged computer intrusion and subsequently charged with violating the Espionage Act of 1917, a United States federal law being utlized to punish national security leakers.
This publisher, in coordination with a collaborating colleague, Orwell, is pleased to introduce to you a P2P, censorship-resistant, whisteblower-friendly, platform for releasing and distributing secretive material exposing wrongdoing. I’ll let Orwell take it from here:
The channel is called “UtopiaLeaks”, in honour of its older brother and is associated with the uNS record “UTOPIALEAKS”. The Channel ID is 8A03C469E1CDA30C6EA3A63FFA0FBA00. All users who care about seeing injustice exposed are highly encouraged to join the channel in order to give it the P2P robustness it deserves. Investigative journalists from around the world are also encouraged to join the channel and to remain connected in order to receive any files that may be dumped into the channel in the future. Initially, only image files may be shared by users from around the world, but future updates and upgrades to the Utopia client software may allow additional document file types as well. Staying connected to the channel is important because the channel only exists as a Peer-to-Peer forum, meaning image files will only receive initial distribution with whomever is connected at the time of release. It will be up to journalists to authenticate and follow-up on any material that finds it way into the channel. The great news is the channel doesn’t simply offer an encrypted file drop, but also an encrypted chat forum for the leaker to answer questions and share insights. In the future, an accompanying Utopia website may also be developed, but for now this channel should be fit for purpose. Please join today and do whatever you can to spread the word!

https://preview.redd.it/x9afcujyiqh41.png?width=768&format=png&auto=webp&s=f12a58cdeba7f5ace606c980f860201e3ffb2630

4 – CRP Wheel of Random – Invite-Only 350 CRP Mega Round

The private, password-protected channel has been established under the uNS record “FREECRP”. While there have been reports of some users not yet seeing the channel or the option to join, TheMerchant is pleased to report that more than 20 users have already joined the channel. Any invited user not able to join by Sunday will be accommodated since the event itself will be live-streamed. Recall that this event is being held in celebration of the much anticipated major update, 7 weeks in the making, which was released on February 4th of 2020. These Invite-Only Mega Rounds will be held at TheMerchant’s discretion from time to time in celebation of major events and milestones on the Utopia network. It is hoped that we will have reason to hold these events many more times during this year of 2020. Please see the details below for information on the rewards, the criteria for invitation and the list of users invited to celebrate.
Please Note: the following users are eligible for invitation, but because they are not authorized contacts of TheMerchant, have not been able to receive their invitation to join via PM.
Scorpion, m3tal, MrHarr1son, MeineKleineDorf, chelezo, Noname, DrVooDoo, Showmetheway, 123456789, cjh, shengwusuolian, ghostille, Aren, m108, xinyicom, ╣╖╗╠╖└╬, Hvoinui, Pixel, xescapex, imnotallright, eA2, AipotuR
If they wish to join while maintaining the privacy of their Public Key, they are invited to make their intention clear either at TheMegaphone or at TheMarket. Otherwise, they are encouraged to add TheMerchant’s Public Key to their contacts list soon: 0093DEFD354D78D4F035CF04A935DD211A9765B8779C68D30A9DA0B3EB06554F
CRP REWARDS
100 CRP x 1 Spin
75 CRP x 1 Spin
50 CRP x 1 Spin
25 CRP x 3 Spins
10 CRP x 5 Spins
There will be a total of 11 spins for a combined sum of 350 CRP in rewards.
ELIGIBILITY CRITERIA
The invitation criteria used for this and future Mega Rounds of the CRP Wheel of Random which *enhance eligibility* are as follows:
A) Active participation in public chat (including non-English) channels where a helpful and positive attitude toward fellow users of Utopia is demonstrated
B) Subscribing to TheMarket, TheMegaphone & TheMessage and demonstrating active participation
C) Having a uNS record registered that resembles your alias/account name
D) Active participation in contests held by TheMerchant
E) TheMerchant reserves the right to use his discretion in qualifying additional users of Utopia (e.g. tempting 1984 to join us again!)

5 – Personal Note from The Publisher

Here’s where to find the “Rabbit Hole” that is Utopia for those who may be reading on the surveillance landscape of the clearnet: https://u.is
TheMerchant Public Key: 0093DEFD354D78D4F035CF04A935DD211A9765B8779C68D30A9DA0B3EB06554F
Request contact authorization from TheMerchant to receive uMail versions of TheMessage and to purchase CRP, the future of private P2P commerce.
TheMarket Channel ID: E95109799EC5047783C867F6AF6D4568
Utopia’s leading forum for the exchange of both CRP and uNS records. Zero-Profit Escrow Service is available from TheMerchant to help establish trust.
TheMessage Channel ID: BE91B84B9565C8429D214EBB10753E83
The first weekly publication on all things Utopia. Subscribe to TheMessage and get connected.
TheMegaphone Channel ID: 3277D61A3CF7BAEE951C0C6607532FB8
TheMerchant’s ECHO feed; his personal and uncensored voice, amplified and protected by Utopia. Turn on TheMegaphone!
submitted by Hackology_co to Utopia1984 [link] [comments]

A Grey Dawn Breaking? | Monthly Portfolio Update - June 2019

I must go down to the seas again, to the lonely sea and the sky, And all I ask is a tall ship and a star to steer her by; And the wheel’s kick and the wind’s song and the white sail’s shaking, And a grey mist on the sea’s face, and a grey dawn breaking. – John Masefield, Sea Fever
This is my thirty-first portfolio update. I complete this update monthly to check my progress against my goals.
Portfolio goals
My objectives are to reach a portfolio of:
Both of these are based on an expected average real return of 4.19%, or a nominal return of 7.19%, and are expressed in 2018 dollars.
Portfolio summary
Vanguard Lifestrategy High Growth Fund – $772 490 Vanguard Lifestrategy Growth Fund – $44 487 Vanguard Lifestrategy Balanced Fund – $80 006 Vanguard Diversified Bonds Fund – $107 352 Vanguard Australian Shares ETF (VAS) – $88 322 Betashares Australia 200 ETF (A200) – $260 499 Telstra shares (TLS) – $2 052 Insurance Australia Group shares (IAG) – $14 405 NIB Holdings shares (NHF) – $9 204 Gold ETF (GOLD.ASX) – $92 340 Secured physical gold – $14 807 Ratesetter* (P2P lending) – $22 011 Bitcoin – $186 350 Raiz* app (Aggressive portfolio) – $15 744 Spaceship Voyager* app (Index portfolio) – $1 991 BrickX (P2P rental real estate) – $4 643 Total value: $1 716 703 (+$118 079)
Asset allocation Australian shares – 40.2% (4.8% under) Global shares – 21.5% Emerging markets shares – 2.5% International small companies – 3.2% Total international shares – 27.2% (2.8% under) Total shares – 67.4% (7.6% under) Total property securities – 0.3% (0.3% over) Australian bonds – 5.2% International bonds – 10.0% Total bonds – 15.2% (0.2% over) Gold – 6.2% Bitcoin – 10.9% Gold and alternatives – 17.1% (7.1% over)
Presented visually, below is a high-level view of the current asset allocation of the portfolio.
[Chart]
Comments
The portfolio has experienced the strongest growth on record through this month, with a total increase of $118 000. This pushes the portfolio well beyond Objective #1 to over $1.7 million.
[Chart]
This has followed a period of unprecedented growth in the absolute value of the portfolio, with an increase of almost $400 000 since January. A remarkable consequence of this is that over 20 per cent of the entire value of the portfolio has come into existence in this short six month period.
[Chart]
This unbroken record instinctively invites expectations of a sharp - and possibly a quite sustained - reversal. I am determined, however, to act in accordance with my asset allocation decisions, not on the basis of overconfidence in my own capacity to predict or time markets.
The key contributors to growth this month have been continued appreciation in the price of Bitcoin, and even more significantly, increases in the value of Australian equities and gold. Lower official cash rates have strongly supported equity value growth, and a sharp increase in the price of gold has occurred. Combined, the gains in equities and gold accounted for over half of the total monthly increase.
New investments this month were focused on Australian equities. Following the lowering of the management fee of the Vanguard ETF VAS - tracking the ASX300 index - to 0.10 per cent from 1 July, I also made my first new investment in VAS for eighteen months. This lowering leads to the VAS ETF becoming significantly more competitive in fees with the Betashares A200 (which charges 0.07 per cent). It also offers some (small) additional diversification benefit through tracking an additional 100 smaller listed companies.
Accounting for volatility and Bitcoin in asset allocation
The sharp increase Bitcoin's value over the past month has brought the combination of alternatives (gold and Bitcoin) to just over 17 per cent of my portfolio, higher than sought. Bitcoin continues to serve a role providing portfolio diversification, but its recent increase has actually correlated with a rise in Australian equities. Recent price volatility leaves me conscious that the market value of these holdings could quite easily slip down to $50 000, its position a few short months ago.
If there is a star to steer by in such times, it is provided by the target asset allocation. Tracking back towards that in a time of intense volatility is the task at hand.
To ensure Bitcoin volatility is not unduly driving asset allocation decisions, however, I have started to test any new investment action I am considering taking on a 'with' and 'without' basis. This involves notionally backing Bitcoin completely out of the portfolio (or, more realistically, adopting a trailing average value) and assessing whether or not the asset allocation 'signal' for the direction of future investments changes.
The reason for doing this is to check that I am not undertaking hard to undo portfolio actions monthly merely as a response to Bitcoin's unique price variations. At one extreme if I remove Bitcoin from allocation considerations (e.g. assume it has no value), I have actually already achieved my target equity allocation of 75 per cent. Taking a less extreme approach, however, of attributing just a lower trailing average value results in a continued signal to make new equity investments.
Waiting for the next set of distributions
This period prior to July distributions being finalised and paid always has a quality of uncertainty and contingency about it. Distributions have been quite volatile over time, principally due to different distribution levels from Vanguard retail funds. In turn, these are likely due to maintaining asset allocations, and irregular distributions of underlying capital gains.
My current July distribution estimates are for around $2600 from the Betashares A200 ETF, $800 from Vanguard's VAS ETF, and around $16 000 to $23 000 from the Vanguard retail funds. These are based on median and average past distributions over the past 10 years for the funds and the already announced distributions in the case of the ETFs.
This could to mean that in early July I may have around $20 000 of newly available capital to re-invest in the market, however, these estimates are just that. In the past, distributions have at times been both dramatically less and more than anticipated. For example, the Vanguard High Growth fund has twice recently produced July distributions at levels above $30 000.
Following distributions being paid I will be looking to re-invest the capital in accordance with my target allocation. Two factors will likely drive these decisions. First, as discussed above the portfolio remains under its assigned equity allocation. Second, after a year of almost exclusive contributions to Australian equities, the target for that component is almost reached.
This means that a proportion of future contributions will be directed to international equities, to target the 60/40 per cent split I have set based on academic research on the historical record of the optimum balance of reducing volatility while maximising risk adjusted returns.
History of Australian equities research
This month the Reserve Bank of Australia issued a new research paper (pdf) on the history of Australian equities.
This draws on newly collected and analysed historical data on the past century of Australian share market returns, improving on previous incomplete or simplified data sets. Some of the key findings of this report have potential implications for my future portfolio planning. For example, the paper finds:
One implication of this is that in future investment policy reviews, I may need to lower my current estimate of long term real equity returns (currently 5.65 per cent).
Progress
Progress against the objectives, and the additional measures I have reached is set out below.
Measure Portfolio All Assets Objective #1 – $1 598 000 (or $67 000 pa) 107.4% 144.5% Objective #2 – $1 980 000 (or $83 000 pa) 86.7% 116.7% Credit card purchases - $73 000 pa 98.6% 132.6% Total expenses - $96 000pa 75.0% 100.9%
Summary
The rapid growth in the portfolio has been somewhat disorientating.
On an 'All Assets' basis, this has meant that all current expenses could theoretically be met from the portfolio and superannuation assets. Nonetheless, while this is pleasing, my focus remains on reaching my financial independence goals using just the portfolio assets.
The higher markets reach, the more interested I become in learning what I can from other periods of volatility. This has led to absorbing the book Wealth, War and Wisdom, a fascinating study of financial markets and returns through the convulsions of the twentieth century's world wars and Cold War tensions. It examines the challenge of the protection of real wealth in extreme conditions, finding that a diversified portfolio of real and paper assets, including a large weighting to equities, generally performed well.
The Australian FIRE community has also been sinking its teeth into launches of the 'Playing with FIRE' documentary. For those not able to make one of the premieres, AussieFireBug's most recent podcast provides a really enjoyable post-viewing conversation reflecting on its strengths and weaknesses. Also this month Big ERN has published an interesting guest post on safe withdrawal rates over 60 year periods. It makes the point that the 'rule' of 4 per cent can be risky and misleading over long time scales, with withdrawal rates of 3.5 per cent significantly decreasing the failure risk.
The passing of the winter solstice a week ago brings with it the promise of longer and lighter days ahead. The distributions to come also evoke a sense of a possible grey dawn breaking. In just a few days, the mists should lift and navigation of the portfolio towards my financial independence goals should be significantly clearer.
The post and full charts can be viewed here.
submitted by thefiexpl to fiaustralia [link] [comments]

Don't trust. Verify!

What can be done to improve the general users' awareness of security issues?

The average Bitcoin user is quick to spread memes like "verify all the things" or "don't trust. Verify!" but then goes on and uses custodial services to store his bitcoins or doesn't care that nobody does verify the software they use, as long as it's open source.
Probably people think that somebody else in the community is doing the verification and indeed, bitcoin core is highly scrutinized and the binaries are independently verified by many more than one person, yet the majority of wallets deployed are not bitcoin core or desktop wallets in general, where verifiability is more common. The majority is mobile apps.
My field of expertise is Android and there, the situation is really grim:
"Being your own bank" is not the only viable option but ...
submitted by giszmo to WalletScrutiny [link] [comments]

I'm trying to put together a list of what's coming out this year. Have this very simple list so far. Anyone care to add anything or suggest some better dates?

Latest News (most recent first) - Instant channels enable safe Lightning payments with unconfirmed funding Beta - Feb 10, 2019 - Voyager, New trading app from Uber & E-Trade execs announce launch date - Feb 9, 2019 - bumi/blockstream_satellite ruby gem for the Blockstream Satellite API - Feb 8, 2019 - New Zap Desktop 0.3.4 is out. New features, massive performance - Feb 8, 2019 - New release: @lightning desktop app v0.4.0-alpha - Feb 8, 2019 - valerio-vaccaro/Liquid-dashboard - Feb 7, 2019 - Japanese SBI Holdings will allow trading of coins - March 2019 - lnd v0.5.2-beta released - Feb 6, 2019 - Koala studios launches online LN gaming platform - Feb 6, 2019 - Independent Reserve has become the first #crypto exchange in Australia to be insured, with coverage underwritten by Lloyd's of London. - Feb 6, 2019 - Coinbase announces BTC support for their mobile (keep your own keys) wallet - Feb 6, 2019 - Blockstream published a new open source Proof of Reserves tool. - Feb 5, 2019 - RTL release v0.1.14-alpha - Feb 5, 2019 - dr-orlovsky/typhon-spec spec for new trestles side chain published - Feb 5, 2019 - Payment requests coming soon to BTCPay. - Feb 5th, 2019 - Kraken Acquires Futures Startup In Deal Worth At Least $100 Million - Feb 5th, 2019 - Next Blockchain cruise scheduled for June 9-13 - Feb 4, 2019 - Work on a GoTenna plugin to Electrum wallet in progress - Feb 4, 2019 - Bitcoin Candy Dispensers being open sourced - Feb 4, 2019 - New release of JoinMarket v0.5.3 - Feb 4, 2019 - Prime Trust won’t charge its clients to custody digital assets any longer. - Feb 4, 2019 - nodogsplash/nodogsplash wifi access using LN - Feb 3, 2019 - @tippin_me Receive tips using Lightning Network adds message feature - Feb 3, 2019 - Bitcoin-for-Taxes Bill in NH Unanimously Approved by House Subcommittee - Feb 3, 2019 - Full support for native segwit merged into bitcoinj - Feb 3, 2019 - Bitfury is partnering with financial services firm Final Frontier! - Feb 2, 2019 - Now you can open #LightningNetwork channels in @LightningJoule - Feb 2, 2019 - Integrating Blockstream’s Liquid payments on SideShift AI - Feb 1, 2019 - Wyoming legislature passes bill to recognize cryptocurrency as money - Feb 1, 2019 - Casa is open sourcing the code for the Casa Node - Feb 1, 2019 - Casa Browser Extension released - v0.5.2-beta-rc6 of lnd, full release getting very close now - Feb 1, 2019 - Tallycoin adds subscriptions and paywall features in bid to rival Patreon - Jan 31, 2019 - Static channel backup PR merged into LN - Jan 31, 2019 - The NYDFS grants another Bitlicense to ATM operator - Jan 31, 2019 - @pwuille currently proposing the “MiniScript” language to describe BTC output locking conditions for practical composition - Jan 31, 2019 - Fidelity is in the “final testing” phase for its new digital asset business - Jan 31, 2019 - Hardware wallet PR #109 just got merged so that @Trezor no longer requires user interaction for PIN - Jan 31, 2019 - CBOE, VanEck & SolidX filed a new & improved bitcoin ETF proposal. - Jan 31, 2019 - Casa Node code is now open sourced - Jan 31, 2019 - Next Bitoin halving in roughly 497 days - Jan 31, 2019 - BTCPay released 1.0.3.53 - Jan 31, 2019 - @binance now lets users purchase cryptos using Visa and Mastercard credit. - Jan 31, 2019 - Bitfury to Launch Bitcoin Operations in Paraguay - Jan 31, 2019 - Coinbase introduces very generous affiliate program - Jan 30, 2019 - DOJO Trusted Node bitcoin full node. Coming Early 2019 - Jan 30, 2019 - FastBitcoins.com Enables Cash-for-Bitcoin Exchange Via the Lightning Network - Jan 30, 2019 - TD Ameritrade says clients want cryptocurrency investment options - company plans major announcement in 'first half of 2019' - Jan 30, 2019 - Storage component of Fidelity's @DigitalAssets live, with some assets under management, @nikhileshde - Jan 29, 2019 - lightning mainnet has reached 600 BTC capacity - Jan 29, 2019 - Drivechain shows picture of Grin side chain and suggests might be ready in 2 month - Jan 29, 2019 - Lightning labs iOS neutrino wallet in testing stage now - Jan 29, 2019 - Aliant offering cryptocurrency processing free-of-charge - Jan 29, 2019 - Chainstone’s Regulator product to manage assets on the way - Jan 29, 2019 - Fidelity Investments’ new crypto custody service may officially launch in March. - Jan 29, 2019 - Gemini's becomes FIRST crypto EXCHANGE and CUSTODIAN to complete a SOC 2 Review by Deloitte - Jan 29, 2019 - Iran has lifted the ban on Bitcoin and cryptocurrency - Jan 29, 2019 - Confidential Transactions being added into Litecoin announcement - Jan 28, 2019 - http://FastBitcoins.com Enables Cash-for-Bitcoin Exchange Via the Lightning Network - Jan 28, 2019 - Germany’s largest online food delivery platform now accepts btc - Jan 27, 2019 - Launching a Bitcoin Developers School in Switzerland - Jan 27, 2019 - RTL release v0.1.13-alpha Lightning Build repository released - Jan 27, 2019 - The first pay-per-page fantasy novel available to Lightning Network. - Jan 27, 2019 - Numerous tools become available to write messages transmitted with Blockstream Satellite - Jan 26, 2019; - BTCPay 1.0.3.47 released - Jan 26,2019 - WordPress + WooCommerce + BTCPay Plugin is now live - Jan 25, 2019 - Juan Guaido has been promoting #Bitcoin since 2014 is new interim president of Venezuela - Jan 25, 2019 - Morgan Creek funds @RealBlocks - Jan 25, 2019 - Coinbase integrates TurboTax - Jan 25, 2019 - Robinhood received Bitlicense - Jan 25, 2019 - Anchor Labs launches custody - Jan 25, 2019 - NYSE Arca files w/ @BitwiseInvest for BTC ETF approval - Jan 25, 2019 - South Korea, Seoul, Busan & Jeju Island currently working to create pro crypto economic zones. - Jan 25, 2019 - valerio-vaccaro/Liquid-dashboard - Jan 25, 2019 - Bermuda to launch crypto friendly bank - Jan 25, 2019 - Mobile Bitcoin Wallet BRD Raises $15 Million, Plans for Expansion in Asia - Jan 25, 2019 - BullBitcoin rolling out alpha access of platform - Jan 25, 2019 - Electrum Wallet Release 3.3.3 - Jan 25, 2019 - Bitrefill, purchase Bitcoin and have it delivered directly over LN - Jan 25, 2019 - South Korean crypto exchange Bithumb looking to go public in USA - Jan 24, 2019 - Bitcoin Exchanges Don’t Need Money Transmitter Licenses in Pennsylvania - Jan 24, 2019 - US; New Hampshire Bill Aims to Legalize Bitcoin for State Payments in 2020 - Jan 24, 2019 - Robinhood, LibertyX Receive Licenses from New York Regulators - Jan 24, 2019 - Bakkt Bitcoin futures contract details released - Jan 24, 2019 - Blockstream CryptoFeed V3 now includes 30+ venues and 200M+ updates per day - Jan 24, 2019 - Binance Jersey – The Latest Binance European Exchange - Jan 2019
Commit Activity
Nodes and Market Dominance
Bitcoin
Financial
Lightning:
ASIC Miners:
Will update this section when I hear new developments
Wallets:
Hardware wallets:
LN
LN Apps:
LN Extensions / Launchers
LN Desktop wallets:
LN Mobile wallets:
LN Network:
LN Nodes:
LN Plugins:
LN Services:
Liquid Network
Rgulatory:
Exchanges:
Payments:
Please comment if you have any ideas on dates. Many of these dates are placeholders waiting for me to update. If you comment then I will update the post.
submitted by kolinHall to Bitcoin [link] [comments]

Amazon, eBay, NASDAQ on a Blockchain?

Amazon, eBay, NASDAQ on a Blockchain?

Making of Decentralized, Distributed, Open Multi-Tenant, Multi-sided Market Enablement Platform

By: David Beberman, CTO

Multi-Sided Markets
In an article posted by Tren Griffin on his blog 25iq, “A Dozen Things I’ve Learned about Multi-sided Markets (Platforms)”[1], he defines a multi-sided market as a platform where multiple participants interact directly with each other. He provides examples such as LinkedIn, Uber, eBay, Airbnb, and others. These are all examples of multi-sided markets, (“MSM”), but we would further distinguish them as multi-sided market centralized platform.
With the innovation of the Extensible Blockchain Object Modeltm (“XBOMtm”), and the Extensible Smart Object Assettm (“XSOAtm”), on the DataGrid Blockchaintm (“DGBtm”), a multi-sided market decentralized enablement platform can now be created.
The following provides an overview of a decentralized platform for a multi-sided market of generalized assets (e.g. physical things, financial instruments, etc.).
DGB-AmazBay
To give an idea of what a decentralized MSM might look like, lets use a fictious MSM company, its salient features, and how they operate on a decentralized enablement platform, the DGBtm. Let’s call this company DGB-AmazBay. DGB-AmazBay wants its multi-sided market to have the following features:
· Search for items offered for sale (physical products, digital products, services, etc.)
o Pricing for those things
· Purchasing — means for exchange of items for payment
· Regulations — means for adhering to laws, regulations and rules for conducting commerce in any and all jurisdictions that a seller and buyer may interact
· Ratings — means for rating the quality of the sellers and buyers
· Analytics — various statistics, algorithms, machine learning, etc. applied to “meta data” about the market place
· Individual Sovereignty — the market place does not control (i.e. take custody) of the items for sale, the payments, or seller’s “store”
· Scalability — the decentralized enablement platform must scale to support a global market place and community
Let’s take each one of these features separately.
Search
Discovery of items for sale is a prerequisite for any instances of commerce. In a centralized online market, items for sale are uploaded and stored in a centralized database server. Discovery consists of database queries by clients of the centralized market server.
For the decentralized DGB-AmazBay, items for sale are added to the blockchain by seller accounts individually. However, our fictious DGB-AmazBay needs to provide a means for buyers to find the items for sale. To accomplish this, it continually scans the blockchain and provides a search tool that can be queried by clients.
In comparison to the centralized market, decentralized DGB-AmazBay’s search acts as a service for organizing such items, but doesn’t control any items or accounts.
Purchasing
A centralized online market acts as the go-between between the seller and the buyer of an item. It may have multiple means of payment for the buyer for example. It may also price items in multiple currencies, perhaps providing currency exchange internally. It also stores the information about payment information for the buyer which creates a privacy liability.
For our fictious decentralized DGB-AmazBay, all transactions of purchase and sale occur directly between the seller and the buyer of an item on the blockchain. Since all items are priced in the native cryptocoin of the blockchain, DGTtm, the means of payment is simplified to a transfer of coin from the buyer to the seller account. By eliminating the go-between, the decentralized DGB-AmazBay market has no liability of the transfer of either the items or the payment. That is, the DGB-AmazBay never takes custody of either the items or the payments.
Regulations
A centralized online market must adhere to the laws, regulations and rules of the jurisdictions it operates in. To accomplish this, it must register all participants in its market, and manage all such, for each jurisdiction it operates in. All related information must be stored in its centralized database for use in all participant interactions.
Our fictious decentralized DGB-AmazBay also must adhere to the laws, regulations and rules of the jurisdictions. However, adherence is based on account authorization certifications, which are part of the seller and buyer accounts. For an instance of commerce, the DGB-AmazBay does not take on liability of the jurisdictions, the seller and buyer accounts and the associated Smart Object Assetstm manage that directly. However, the DGB-AmazBay may provide advisory information to sellers and buyers about the jurisdictions.
Ratings
An MSM needs some means for evaluating the participants in the market, (i.e. sellers and buyers). This is accomplished through some form of a ratings system. From an abstract viewpoint, this might be an actual numeric rating, posted reviews, or some other means. A centralized online market offers a rating system, which may be for one or more types of participants in the market, (i.e. sellers, buyers, or both). The centralized market maintains its own centralized database with the ratings information, and can edit and censor it at its discretion.
Our fictious decentralized DGB-AmazBay provides various forms of ratings using information directly from the blockchain. Such information may include the number of sales, the longevity of accounts, and other types of data that are useful evaluating seller and buyer accounts. Further, it can provide an independent service for participants to provide reviews and rating of accounts. In this case, the DGB-AmazBay acts as a mixed decentralized and centralized service.
Analytics
A centralized online market creates all of its own analytics either directly, or by selling access to its data. The centralized market controls, edits, and censors at its discretion. By now this should sound familiar.
Meanwhile, our fictious decentralized DGB-AmazBay provides analytics as a service using information directly from the blockchain. It may offer its analytics as a service to blockchain account holders, or to other clients. Since it uses the decentralized blockchain, the accounts and other clients are not beholden to the DGB-AmazBay as the sole source of analytics.
Individual Sovereignty
In the context of the MSM, we mean by individual sovereignty[2] that the account owner has control over their own assets and currency. A centralized online market does not offer individual sovereignty over the user accounts. The centralized online market may at anytime, terminate, censor, or otherwise affect a user’s account.
Our fictious decentralized DGB-AmazBay doesn’t take any ownership of any accounts. Therefore, it has no direct control of any related assets or currency. It promotes individual sovereignty for multi-sided markets on the blockchain.
Transaction Scalability
A successful MSM expects an increasing number of users and an increasing number of transactions. If the enabling platform is unable to scale with users and transactions, the market may reach a failure point. A centralized market addresses this problem with centralized server solutions. This includes distributed database servers, loadbalancing and similar enabling platform solutions.
If our fictious decentralized DGB-AmazBay wants to be successful, its decentralized enabling platform must scale with accounts and transactions. As luck would have it, DGB-AmazBay happens to have picked the DGBtm as its enabling platform blockchain. As a result, transaction and account scalability is built in to the DGBtm and DGB-AmazBay can concern itself with its own operations without this concern.
Separability and Competitive Multi-sided Markets
The features we described for the fictious DGB-AmazBay have one more aspect, separability. Each one of the features: search, purchasing, ratings, analytics, and regulations are independent of each other. Building on a decentralized platform enables competition among market businesses. A competitive landscape fosters improvement. Each feature can be reimagined as entirely separate businesses in a competitive landscape.
Decentralized Enablement Platform Applied to Multi-sided Markets (“MSM”)
Putting it altogether, the following diagram depicts a block diagram of the various components involved. It also includes the concept of market makers. Depending on the MSM, there may be an opportunity for one or more market makers. That is, entities that facilitate efficient decentralized markets by being on the opposite side of transactions if and when needed.

Decentralized Multi-sided Market vs Fiat Multi-sided Market and Individual Sovereignty
Cryptocurrencies are thought of as an answer to fiat currencies. With the concerns about fiat currency described in this hacker noon article, “Bitcoin: The Living Room Revolution”[3], by Farbood Nivi, pointing out that monetary policy for fiat currency is under the control of the government (democracy, dictator, monarch, etc.).
We agree that cryptocurrency is an answer to fiat currency. But we believe that this is only part of a more general answer about individual sovereignty. In order for a currency to be accepted as a means of commerce, businesses and individuals must be willing to accept it. If the market places do not accept the currency as a means of commerce then the currency can’t be used in the society, regardless of whether it is crypto or fiat based.
We submit that all of the centralized multi-sided markets in existence form a sort of oligarchy. One can think of them as centralized fiat MSMs. In this case the term fiat means both that the MSM accepts fiat currency, but also that as a centralized market, it controls by its own internal fiat, what currencies are accepted.
Due to the massive dominance of only a handful of online commerce sites, a prohibition on acceptance of cryptocurrency can significantly limit it reaching widespread acceptance. Further note that governments by fiat can prohibit businesses within their jurisdiction from accepting cryptocurrency.
The decentralized multi-sided market concept described above, can help increase the acceptance of cryptocurrency in two ways: if the centralized multi-sided market oligarchs essentially boycott crypto, the enablement of decentralized solutions will help break the control by the seeming oligarchs; and if government prohibits crypto MSMs by fiat, individual sovereignty over assets enables the continuation of private asset transactions.
We do not propose or expect that jurisdictional regulations should be eliminated or bypassed. We see instead that the decentralized MSM is one more aspect that can promote individual sovereignty, and a fairer, more inclusive society.
DataGrid Blockchaintm, DGBtm, DataGrid Tokentm, DGTtm, Extensible Blockchain Object Modeltm, XBOMtm, Extensible Smart Object Assettm, XSOAtm, Smart Objecttm, Extensible Signature Objecttm, XSIGtm are trademarks of Prasaga, LLC. All rights reserved. www.prasaga.com [email protected]
[1] https://25iq.com/2016/10/22/a-dozen-things-ive-learned-about-multi-sided-markets-platforms/?subscribe=success#blog_subscription-2
[2] https://en.wikipedia.org/wiki/Self-ownership
[3] https://hackernoon.com/bitcoin-the-living-room-revolution-9acdf521295e
submitted by PrasagaOfficial to u/PrasagaOfficial [link] [comments]

Cross-chain Explained: UX strategy

Cross-chain Explained: UX strategy

https://preview.redd.it/f7o3fewcfay31.png?width=1600&format=png&auto=webp&s=6f067014fcf69e094434f7c3b2c98af3ad14be64

What is cross-chain?

If you are reading this article, the chances are you already know what are ETH and BTC. You might even own some of them. But do you know that, ETH and BTC belong to two independent ecosystems? The two ecosystems are completely different with no connectivity. Just like two countries located in different parts of the world. To go from one to another, you need to take an airplane. Sounds easy right? You just need to build an airplane to cross these two chains. Wrong.
Comparing to centralized exchange (CEX), there are so much more technical barriers for decentralized exchange (DEX) to overcome. How’s that? In general, when you trade on a CEX, your tokens are not actually exchanged to the counterparty. It’s simply an alteration of numbers by the CEX. You still get the tokens you want but the problem is, the whole process is done behind the scenes along with the risk of being manipulated and the risk of losing your tokens. However, when trading on a DEX with cross-chain technology,
  • you own and control your wallet,
  • full transparency and on-chain,
  • higher security as tokens are actually exchanged.
The biggest challenge for DEX to resolve cross-chain issue is particularly “how to actually exchange one token from ecosystem A to ecosystem B”. At DINNGO, we resolve all the technical difficulties and design an intuitive user experience. Most people do not understand cross-chain technology or do not appreciate the value of it. Therefore, a good design can improve visual feedback and further simplify the experience. After dismissing the geeky interface, an average user can easily learn the true value and the ethos of the blockchain. Below we share our path of designing the new cross-chain solution — Portus.

Starting with research

1. Become the pioneer

Simplicity has always been the fundamental principle of DINNGO’s design. We want to make it easy for people to get into blockchain. So easy that even grandmom know how to use. We want to provide an experience that is effortless to onboard, visually pleasant and easy to use. When we started developing cross-chain function, we first studied every bitcoin wallet in the market and conducted product analysis to come up with a cross-chain wallet solution. Then we moved on to competitive product analysis to review all other products on the market that are also trying to find cross-chain solutions in blockchain industry. This is the time when we realized that we are the pioneer in the market. For example, one of the cross-chain solutions is Atomic Swap, which provides a one way or two ways fixed price swapping service. With Atomic Swap, the price is inalterable, which means you can not set up the price you want, and it does not provide visualize charts or order book.

(Competitor Product Research)
Very few DEXs that support cross-chain features provide charts and even so, they only show you the charts of a fixed price swapping history without order book features. Most of them are crypto-pegged tokens, namely they are backed by the native coin in reserve and issue the pegged tokens on their chain. It is not actually decentralized. Believe it or not, until this day, no one has ever built a solution to achieve interoperability in the present market.
What you can expect from Portus cross-chain trading:
  • Setting up order price as you wish
  • An order book list of buy and sell orders
  • Userful candlestick charting
  • Physical exchange between BTC and ETH
  • Decentralized exchange model
  • Executing directly from your wallet

(Competitor Product Analysis)

2. Viability

After a thorough analysis, we decided to choose private key approach for bitcoin wallet integration as our Minimum Viable Product (MVP). Here is why:
Majority of bitcoin wallets are designed to sign UTxO (Unspent Transaction Output) from P2PKH (Pay to Public Key Hash), P2WPKH (Pay to Witness Public Key Hash), P2SH (Pay to Script Hash) or P2WSH (Pay 2 Witness Script Hash). Considering the implementation of atomic swap will complicate the process of trading bitcoin, we decided to design a simple interface for users to manage their bitcoin wallets as our MVP. With the private key approach, we can increase the flexibility and capability of processing different scripts. In a nutshell, users are able to maintain ownership and security of their funds while using an unprecedentedly new technology.

Mapping out different user scenarios

1. Simplify users main purpose

Users only explore the matters that they care. How do we know what they are trying to get? Or maybe they are just looking? The point is, we need to let users know what they can do with the product. So how do we achieve that? We focus on conversion rate and user behaviors. We build mental models for different types of users to understand their thought process. Through research → assumption → interview → prototype → analysis → design, we consolidate all the information to have a clear picture of user experience. We design the processes and conversation to guide users. During the development, we always review our interface to see if there is any unintended implication. We ask ourselves:
  • How do we guide users altering their inputs to meet their needs.
  • How do we let users know that they have already registered an account with us?
  • How do we let users know that they are logged in?
  • How do we let users know that their wallet is not connected?
  • How do we let users know the type of wallet they are currently using?

2. Categorize user journey map

We built user journey map from users perspective, from start to finish. By mapping out user behaviors and expectations at each stage, we are able to have a bird’s eye view of users as well as the close-up perspective. With that information, we can design a better user experience thus enhancing journey completion rate. Below is an example of user journey maps in different stages:
  • User Journey Map of first time visit users: Onboarding → Sign up → Connect Wallet → Trade
  • User Journey Map of users trading on Ethereum network: Log in → Connect Ethereum Wallet → Trade
  • User Journey Map of users trading through cross-chain solution: Log in → Connect Ethereum Wallet → Connect Bitcoin Wallet → cross-chain trading

(provide informative message to guide users)
When you provide a clear structure and combine it with all necessary information, users can then easily and efficiently complete the necessary tasks to achieve their goal.

Good Wallet Experience

1. Ethereum Strategy

After finalizing the experience prioritization, we decided to onboard users to connect ethereum wallets first and then bitcoin wallet later since DINNGO Exchange is built on top of Ethereum Network and around 94% of cryptocurrencies are ERC-20 token. Besides, the bitcoin wallet integration has a high dependency on the onboarding interface designed to connect Ethereum wallets. Since our Ethereum wallet integration is designed with an iterative approach, it is flexible enough to make further modification. According to our user observation and quantitative data, it reveals that our current UI layout has delivered an efficient onboarding process for users. Therefore, we made just a little modification to maintain the original usability and to soften the learning curve.

(Goal completion rate and frequency)

2. Usability programme

After considering numerous user flow and scenarios, we arrange necessary and precise visual hints everywhere guiding the users to the next step. For example, after users connecting to our Ethereum wallet, they will see a Bitcoin icon next to Ethereum icon as a reminder of connecting Bitcoin wallet.
See some details of our design below:
  • All wallet integration interface has only one single radio button. Just need one click. This way we decrease the number of clicks and make user journey much easier.
(pop-up windows of wallet integration)
  • Loading animation inside buttons. Animation can reduce users’ perception of time, keeping users engaged before the process is fully loaded. We want users to feel like things are responsive and the action is processing while they wait.
(animation of processing)
  • Error messages when entering incorrect password/private key/number. There are two types of error messages — systematic errors and validation errors. An effective error message is best to be placed near the field, especially to the right or beneath the field.
(error message)
  • Alert message for all the information you need. Once you connect your wallet, you will receive a notification informing you what you need to do.
(Hover effect to reminder users)

In summary

We are very pleased to share how we design Portus. Upon achieving market adoption, we will add more features. If you have any suggestions for a better user experience, please do not hesitate to share with us.
About Us
submitted by BusyRelish to DINNGO [link] [comments]

Daily analysis of cryptocurrencies 20191022(Market index 39 — Fear state)

Daily analysis of cryptocurrencies 20191022(Market index 39 — Fear state)

https://preview.redd.it/cvdi2dmyz2u31.jpg?width=1280&format=pjpg&auto=webp&s=2883a5be2ada413d9d280c2576c48fa338631e24

Bank Of Cambodia To Allow More Control With Blockchain Payments Assistant Governor at the National Bank of Cambodia Serey Chea said that blockchain payments will enable greater financial control and remittance efficiency in an interview with CNBC published on Oct. 22. Chea said that the National Bank of Cambodia has experimented with domestic blockchain payments for retail, but the main interest is testing them for cross-border transactions.
Cashaa Launches Banking Solution For Indian Crypto Owners Banking services platform Cashaa is offering a solution for Indian crypto owners facing banking restrictions imposed by the country’s central bank, the Reserve Bank of India (RBI). The service, starting from Oct 23, allows users to deposit up to one crore rupees (~$141,012) per month to purchase cryptocurrencies.
UK Economic Secretary On Proposed Crypto Ban: FCA Operationally Independent From Government On October 21, John Glen, Economic Secretary to the UK Treasury, replied to a series of questions related to cryptocurrencies, with most of them about the effects of the the Financial Conduct Authority (FCA)’s proposed ban on the offering of crypto-based investment products to retail investors. According to Glen, the FCA is operationally independent from government. “The government continues to endorse the approach set out in that the Cryptoasset Taskforce report as the right way to facilitate innovation while protecting consumers and firms,” he said.
CFTC Chair Says Ether Futures ‘Likely’ In 2020 Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert believes the crypto world will see Ethereum futures contracts sometime in 2020. Speaking at Georgetown University in a fireside chat during the first day of DC Fintech Week, Tarbert told moderator Chris Brummer that he “absolutely” believes Ether futures could trade in the next six to 12 months.

Encrypted project calendar(October 22, 2019)

ZRX/0x: The 0x protocol (ZRX) Pantera blockchain summit will be held on October 22. Locus Chain (LOCUS): 22 October 2019 Public Test Begins Public test runs for three days from October 22nd to October 24th. IOTA (MIOTA): 22 October 2019 EclipseCon Europe Next week, join Lewis Freiberg, our Director of Ecosystem, to learn how to build an ecosystem around IoT focused distributed ledgers. TRON (TRX): 22 October 2019 TRC20-USDT Bonanza “… @Huobiglobal . Deposit #TRC20- #USDT, enjoy APR up to 30%, starting from 00:00, Oct, 22 to 00:00, Nov, 1, 2019(SGT).” PCHAIN (PI): 22 October 2019 Ama with Founder & CEO “Jeff Cao PCHAIN founder & CEO, will host an AMA on 22nd Oct at 11:00 PM (UTC+8) in the @Binance_DEX Telegram.” iExec RLC (RLC): 22 October 2019 AMA “Tuesday 22 October 2019. You can ask the team anything you want until Thursday 17 October.”

Encrypted project calendar(October 23, 2019)

MIOTA/IOTA: IOTA (MIOTA) IOTA will host a community event on October 23rd at the University of Southern California in Los Angeles with the theme “Connecting the I3 Market and Experiencing Purchase and Sales Data.” BTC/Bitcoin: The WBS World Blockchain Summit (Middle East) will be held in Dubai from October 23rd to 24th. Cardano (ADA) and 1 other: 23 October 2019 WBS Dubai “One of a kind gathering of 500+ curated & pre-qualified investors, CEOs, CIOs, CTOs, Heads of Blockchain, Chief Digital Officers CloakCoin (CLOAK): 23 October 2019 (or earlier) CloakCoin Competition “CloakCoin competition : solve the CloakCoin ENIGMA transaction, 3rd round.” Loom Network (LOOM): 23 October 2019 Singapore Meetup “Unstack the Stack Series: Loom Network” from 6:30–8:30 PM (SST). BTGS/Bitdog: ZG.COM will open the BTGS currency and coin transfer business at 14:00 on October 23, and open the BTGS/USDT transaction pair on October 23 at 18:18. Waltonchain (WTC): 23 October 2019 Transfers Suspended “$WTC deposits and withdrawals on #TaibiExchange will be suspended from 00:00 Oct 22 (UTC+8) and are estimated to resume at 15:00 Oct 23

Encrypted project calendar(October 24, 2019)

BCN/Bytecoin: Bytecoin (BCN) released the hidden amount of the Bytecoin block network on October 24. Horizen (ZEN): 24 October 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA. ANT/Aragon: Aragon (ANT) Aragon Network will hold the theme “DAO: ICO and DeFi next step” in Hong Kong on October 24th? DATA/Streamr DATAcoin: Streamr DATAcoin (DATA) Streamr Network Technology Exchange and Project Development Conference will be held in London on October 24th. Lisk (LSK): 24 October 2019 Coding Workshop — Berlin “During this workshop you will acquire the skills to create custom transactions with the Lisk Alpha SDK using Node.js.” BTU Protocol (BTU): 24 October 2019 Africa IT Expo “Our co-founder @vidal007 will be speaking at upcoming @africa_aitex [African IT Expo] held in #Rabat #Morocco on 24th of October.” Matrix AI Network (MAN): 24 October 2019 YouTube AMA YouTube AMA from 3PM, October 24 (GMT+8). Utrum (OOT): 24 October 2019 AtomicDex Listing “We are pleased to announce that Utrum coin OOT is getting listed on Komodo Platform Decentral Exchange — AtomicDEX. “

Encrypted project calendar(October 25, 2019)

ADA/Cardano: Cardano (ADA) The Ada community will host a community gathering in the Dominican Republic for the first time on October 25. Crypto.com Coin (CRO): 25 October 2019 Live AMA with CEO “Live AMA with our CEO @Kris_HK on @cryptocom’s Twitter next Friday, 25 October, 11AM HKT.” GST/GSTCOIN: GSTCOIN(GST)LBank will be online GST on October 25, 2019 at 16:00 (UTC+8), open trading pair: GST/USDT, GST/ETH.

Encrypted project calendar(October 26, 2019)

KAT/Kambria: Kambria (KAT) Kambria will host the 2019 Southern California Artificial Intelligence and Data Science Conference in Los Angeles on October 26th with IDEAS. BTC/Bitcoin: CoinAgenda Global Summit will be held in Las Vegas from October 26th to 28th Horizen (ZEN): 26 October 2019 (or earlier) ZEN 2.0.19 Upgrade Zen 2.0.19 upgrade at block #610000, which is expected around October 26.

Encrypted project calendar(October 27, 2019)

ICON (ICX): 27 October 2019 Money 20/20 USA Event Money 20/20 USA in Las Vegas from October 27–30.

Encrypted project calendar(October 28, 2019)

LTC/Litecoin: Litecoin (LTC) 2019 Litecoin Summit will be held from October 28th to October 29th in Las Vegas, USA BTC/Bitcoin: Mt.Gox changes the debt compensation plan submission deadline to October 28 ZEC/Zcash: Zcash (ZEC) will activate the Blossom Agreement on October 28th Stellar (XLM): 28 October 2019 Protocol 12 Upgrade Vote Horizon v0.22.0 has been released, which supports Protocol 12. This gives everyone ample time to prepare for the Protocol 12 upgrade vote Celsius (CEL) and 3 others: 28 October 2019 Litecoin Summit “…The Litecoin Summit offers two fun, jam-packed days with something for everyone.” XFOC (XFOC): The IDAX platform will be online XFOC and will open the XFOC/USDT trading pair at 13:00 on October 28. MEDIUM (MDM): The IDAX platform lists MDM and will open MDM/BTC trading pairs on October 28th at 15:00. ZB/ ZB Blockchain: The “2019 Hamburg Intercontinental Dialogue Conference” hosted by ZB.com will be held from October 28th to November 9th at the Four Seasons Hotel Hamburg, Germany. BQT (BQTX): 28 October 2019 Down for Maintenance BQTX.com will be down for maintenance on the 28th of October from 7 to 12am UTC.

Encrypted project calendar(October 29, 2019)

BTC/Bitcoin: The 2nd World Encryption Conference (WCC) will be held in Las Vegas from October 29th to 31st. ICON (ICX): 29 October 2019 Decentralization “As a result, the decentralization schedule of the ICON Network has been changed from September 24, 2019 to October 29, 2019.” Ark (ARK): and 10 others 29 October 2019 WCC 2019 Second annual Blockchain and Cryptocurrency Technology event, World Crypto Conference (WCC), October 29th — October 31, 2019. Insifa (ISF): 29 October 2019 Prototype Alpha “We from Insifa have decided to be more open. Our Prototype will be developed in scrum. This means new releases every two weeks.”

Encrypted project calendar(October 30, 2019)

MIOTA/IOTA: IOTA (MIOTA) IOTA will host a community event on October 30th at the University of Southern California in Los Angeles on the topic “How to store data on IOTA Tangle.” TRON (TRX): 30 October 2019 SFBW19 Afterparty “TRON Official SFBW19 Afterparty from 7–10:30 PM in San Francisco.” Horizen (ZEN): 30 October 2019 Horizen Quarterly Update Join our first Quarterly Update on October the 30th at 5 PM UTC/ 1 PM EST. Deeper look into Engineering, BD, Marketing, and more. Aeternity (AE): 30 October 2019 Hardfork “The third hardfork of the æternity Mainnet is scheduled for October 30, 2019.” Valor Token (VALOR): 30 October 2019 Transaction Fees Resume “It’s September and the SMART VALOR Platform is still waiving transaction fees for all members, until October 30th!” Aragon (ANT): 30 October 2019 Singapore Meetup “Aragon on DAOs and DeFi” from 6:30–8:30 PM. Kambria (KAT): 30 October 2019 Outliers Hashed Awards Outliers Hashed awards from October 30–31. Ethereum Classic (ETC): 30 October 2019 Cohort Demo Day “ETC Labs hosts it’s 2nd Cohort Demo Day. Learn about the companies and project being accelerated through the Ethereum Classic ecosystem.”

Encrypted project calendar(October 31, 2019)

Spendcoin (SPND): 31 October 2019 (or earlier) Cross Ledger Mainnet “Cross Ledger Mainnet Release and SPND Token Swap,” during October 2019. Spendcoin (SPND): 31 October 2019 (or earlier) Blkchn University Beta “Blockchain University Beta goes live,” during October 2019. Stellar (XLM): 31 October 2019 (or earlier) Minor Release “We will have 6 Minor Releases in 2019; one each in February, March, May, June, August, and October.” Bitcoin SV (BSV): 31 October 2019 (or earlier) BSV Conference Seoul No additional information. Seele (SEELE): 31 October 2019 (or earlier) Public Network Mainne launch has been moved to Oct 31 . Howdoo (UDOO): 31 October 2019 (or earlier) Howdoo Live on Huawei Howdoo begins its exciting partnership with Huawei with listing as a featured app starting in October. Chiliz (CHZ): 31 October 2019 (or earlier) App Soft Launch Soft launch of Socios App by end of October. Dent (DENT): 31 October 2019 (or earlier) Loyalty Program “Afterburner loyalty program launch for all 21,6 Million mobile #DENT users will be in October!” IceChain (ICHX): 31 October 2019 (or earlier) Wallet Release IceChain releases wallet during October. Chiliz (CHZ): 31 October 2019 (or earlier) New Partnerships New sports and new teams joining Socios (+more updates and events) will be announced in the upcoming weeks. Horizen (ZEN): 31 October 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA. PCHAIN (PI): 31 October 2019 (or earlier) New Website No additional information. IOST (IOST): 31 October 2019 (or earlier) New Game on IOST “Eternal Fafnir, a new role-playing game developed by INFUN is coming to you in Oct.” Achain (ACT): 31 October 2019 Mainnet 2.0 Launch “… The main network is officially scheduled to launch on October 31.” Mithril (MITH):31 October 2019 Burn “MITH burn will take place on 2019/10/31 2pm UTC+8. “ Aergo (AERGO): 31 October 2019 (or earlier) Aergo Lite V1.0 Release AergoLite, which brings blockchain compatibility to billions of devices using SQLite, released during October 2019. TE-FOOD (TFD): 31 October 2019 (or earlier) Complementary Product “Development of a new, complementary product with a new partner, which we hope to be launched in September-October.” Edge (DADI): 31 October 2019 (or earlier) Full Open Source Code base for the network fully open-sourced in September or October. BlockStamp (BST): 31 October 2019 (or earlier) ASIC Miner Prototype In orderr to ensure BlockStamps continued decentralization, we will release a BST ASIC miner for testing. Perlin (PERL): 31 October 2019 (or earlier) SSA Partnership “Perlin has partnered with the Singapore Shipping Association to create the International E-Registry of Ships (IERS)” Skrumble Network (SKM): 31 October 2019 (or earlier) Exchange Release “3rd dApp: Exchange Release,” during October 2019. EDC Blockchain (EDC): 31 October 2019 (or earlier) Blockchain Marketplace “As you already know, our ECRO blockchain marketplace is ready for release, and will open to the global community in October!” BlockStamp (BST): 31 October 2019 (or earlier) ASIC Miner Prototype In orderr to ensure BlockStamps continued decentralization, we will release a BST ASIC miner for testing. XinFin Network (XDCE): 31 October 2019 Homebloc Webinar “XinFin — Homebloc Webinar 2019” from 9–10 PM. Akropolis (AKRO): 31 October 2019 (or earlier) Alpha Release “Delivers the initial mainnet implementation of protocol. All building blocks will be united to one product.” Hyperion (HYN): 31 October 2019 (or earlier) Economic Model The final version of the HYN Economic Model launches in October.

Encrypted project calendar(November 1, 2019)

INS/Insolar: