Posts tagged #4
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TIMECODES
00:00 Intro
00:12 Claim #1 Donald Trump is pro crime and pro criminal
21:39 Claim #2 Donald Trump is defying the constitution
44:29 Claim #3 Immigrants, overall, are good for America
01:11:35 Claim #4 Donald Trumpâs plan for Gaza is ethnic cleansing
01:31:09 Kaiâs Claim We should get rid of birthright citizenship -
Exclusive interview with Rick Nucci, Co-founder and CEO of Guru, a Philadelphia-based tech innovator challenging Silicon Valley norms.
Since 2013, Guru has revolutionized enterprise information accessibility, raising $71M and becoming a leader in AI-based search and knowledge platforms. Rick, with over 20 years in software development and success with Boomi (acquired by Dell), brings invaluable experience to Guru.
In this interview at Accel's office, Rick discusses Guru's new AI tool and shares insights on AI advancements and workplace culture as the company turns 10. His expertise in startups, SaaS, and cloud computing offers crucial perspectives on the future of corporate information management and AI utilization.
Discover how Guru's success story and Rick's leadership philosophy, including "Don't take yourself too seriously," are shaping the future of AI and knowledge management.
Guru : https://www.getguru.com
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Timeline
01:52 2x Founder's 5 Profound Lessons for Startup Success
02:46 Insight#1 Lessons from selling a startup at 24
07:25 Insight#2 Growth secrets from launching two successful startup
10:34 Insight#3 How early-stage startups can win their first customers
14:04 Insight#4 Finding PMF and scaling rapidly: A founder's guide
16:43 Insight#5 Why now is the best time to become the best
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EO stands for Entrepreneurship & Opportunities. As we're looking to feature more inspiring stories of entrepreneurs all over the world, don't hesitate to contact us at [email protected]
#Guru #RickNucci #Startup #AI #B2B-
Francisco Gimeno - BC Analyst Rick Nucci, co-founder and CEO of Guru, discusses the current state of AI and its impact on the startup landscape in this YouTube video. What he says is just common sense for anyone involved: the tradicional startup play book has changed and will continue changing and very fast in the AI space. Big companies can even see AI as a threat to their business model, so the fight to âbeâ in the AI space as a startup is a continuous and very rapid almost daily challenge wile trying to maintain a stable business and trying to solve real customer problems through new products (products adapted to market, where the AI is increasingly important). So, Nucci (who also advertises his own solution) emphasises the need for adaptation to this new AI environment looking for sustainable growth. In fact, anyone who doesnât adapt to this, is going to become the new Kodak, or Blockbuster. Can we afford in these times to dilly dally and deny that AI is not in the next future, but itâs already now the biggest change and challenge everywhere.
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Since moving to Dubai and living here for two years now, I've experienced a lot. So in this video I share the real pros and cons of living in Dubai as an entrepreneur and AI Automation Agency (AAA) owner. I'll also answer the question you might have of 'should I move to Dubai?'
Timestamps
0:00 - What Weâre Covering
0:43 - My Experience
2:34 - Pro #1
3:08 - Pro #2
3:29 - Pro #3
3:58 - Pro #4
4:23 - Pro #5
4:48 - Pro #6
5:12 - Pro #7
5:46 - Pro #8
6:14 - Con #1
6:51 - Con #2
7:24 - Con #3
7:56 - Con #4
8:29 - Con #5
8:52 - Con #6
9:39 - Con #7
10:28 - Con #8
12:08 - Con #9
12:23 - Who SHOULD Move to Dubai?
13:13 - Who SHOULDNâT Move to Dubai?
14:41 - Bonus Pro-
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Why is the local club scene dying? A residency in one of these used to be a tried-and-tested route to DJing success. But times are hard! Why? We investigate in today's show...
⥠TIMESTAMPS âĄ
0:00 Intro
2:39 What clubbing means to us
3:21 Why are nightclubs shutting down?
5:17 Phones are killing the vibe (Reason #1)
7:13 Everyone has access to the same music (Reason #2)
9:00 Big events and festivals have taken over (Reason #3)
10:37 Economic downturns (Reason #4)
11:51 Gentrification of city areas (Reason #5)
13:52 The rise of online connections (Reason #6)
14:40 What's the answer?
27:03 Hercules DJControl Inpulse T7 winner announcement
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#Nightclubs #Clubbing #MusicIndustry #DJTips #DJing #Tech #Gear #Gigs #DJs #DJSchool #DigitalDJTips -
There's an art to writing a solid AI prompt. Here are four tips for getting answers you actually want from ChatGPT, Bard, Copilot or any other chatbot.
0:00 How NOT to write an AI prompt
0:35 How to write a good AI prompt
0:51 Tip #1:
Talk to the AI Like a Human
1:58 Tip #2 Be Specific
2:49 Tip #3 Keep Trying
3:15 Tip #4 Check Your Results
3:49 Chatbots don't always get it right
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#AI #Artificialintelligence #prompts -
Rogue Putin is the biggest risk of 2023. Here are the other 9, explained by global political expert Ian Bremmer.
Subscribe to Big Think on YouTube âş https://www.youtube.com/channel/UCvQE...
Read more of Eurasia Group's top risks for 2023 âş https://www.eurasiagroup.net/issues/t...
Todayâs world is facing large-scale problems, from wars to water shortages to a looming global recession. It's not easy to accurately conceptualize the risks posed by these issues. This is especially true when people on social media or in the news inaccurately overblow certain problems and discount others, or when problems become so emotionally or politically charged that it seems impossible to work toward a solution.
Thatâs one reason why the Eurasia Group publishes a detailed analysis of the top risks facing our world each year. As political scientist Ian Bremmer explains, the top risks for 2023 include water stress, inflation shockwaves, and the uncertain future of a ârogue Russia.â
Bremmer is the founder of Eurasia Group, an organization that for 25 years has been using political science to help investors and corporate decision-makers better understand how politics impact risks and opportunities in foreign markets.
0:00 What is the global risk report?
1:17 #10 Water stress
2:37 #9 TikTok boom
3:43 #8 Divided States of America
4:54 #7 Arrested global development
6:15 #6 Energy crunch
7:15 #5 Iran in a corner
8:47 #4 Inflation shockwaves
10:30 #3 Weapons on mass disruption
12:08 #2 Maximum Xi
14:18 #1 Rogue Russia
Read the video transcript âş https://bigthink.com/series/the-big-t...
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About Ian Bremmer:
Ian Bremmer is the president and founder of Eurasia Group, the leading global political risk research and consulting firm started in 1998. Today, the company has offices in New York, Washington, and London, as well as a network of experts and resources around the world. Bremmer has authored several books, including the national bestseller The End of the Free Market: Who Wins the War Between States and Corporations?
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Read more of our stories on 2023 predictions:
Why 2023 will be âthe year of mixed realityâ
âş https://bigthink.com/the-present/2023...
The case for global optimism continues to grow in 2023
âş https://bigthink.com/the-present/2023...
The 12 most exciting space missions of 2023
âş https://bigthink.com/hard-science/202...
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About Big Think | Smarter Fasterâ˘
âş Big Think
The leading source of expert-driven, educational content. With thousands of videos, featuring experts ranging from Bill Clinton to Bill Nye, Big Think helps you get smarter, faster by exploring the big ideas and core skills that define knowledge in the 21st century.
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Not only is impatience unpleasant, but itâs also pointless. Impatience is the unwillingness to live life at the pace it actually happens; we wish for the universe to bend to our will. We want things now. We want things to change in an instant. But in reality, external circumstances are not up to us: no matter how much we wish that to be the case. Patience, the opposite virtue, is based on the acceptance of what is.
Video: Why Patience is Power | Priceless Benefits of Being Patient
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#patience #innerpeace #buddhiststory
00:00 - Intro
02:05 - Patience & impatience
03:27 - Benefit #1
05:36 - Benefit #2
06:57 - Benefit #3
08:20 - Benefit #4
11:08 - Benefit #5-
Francisco Gimeno - BC Analyst Patience is a virtue lauded by humans since the beginning of our species, in religions, philosophies, ethics and in any transactional process where humans need to just stop, wait, and go with the flow, as to be inpatient is basically useless, pointless. This podcast reminds us how trying too fast too hard is most of the times a crime against rational thinking, and causes suffering which is a Buddhist teaching. Anger, fear, anxiety comes from not being patience, and as any Stoic would say, from a lack of self control. In short living in a world where things happen NOW, and social media is basically playing with impatient and the now, we have to control how we live our humanness, been full aware on how patience is the foundation of many other human's virtues. When we forget the path to our destination, focusing too much on the latter, being inpatient, we may get lost and choose the easy but pointless path instead of the difficult but needed path. We who write about new tech, the blockchain and crypto know very well how lack of patience makes people loose their money, companies go up and bust in a short time. Only those who slowly build, step by step, practicing the patience, looking at the big picture, listening the real trends and not the latest wonder in the crypto arena are building powerful companies. Remember then, patience you must have, my young Padawan!
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You canât predict success. But according to minds like Neil deGrasse Tyson, Michio Kaku & more, you can hot wire it.
Subscribe to Big Think on YouTube ⺠  / Big Think Â
Get smarter, faster with our playlist ⺠  â˘Â Get smarter, faster Â
Itâs perhaps never been easier to feel as if youâve fallen behind in life. From the anxieties of comparing yourself to others online to our fetishization of success, it can seem like everyone else is out there attaining their goals and feeling happy while you feel stuck.
The reality is that many people feel stuck â even those who present themselves as models of conventional success. So, what are some ways you can meaningfully work toward your goals, while also making sure that your goals are worth pursuing in the first place?
Todd Rose, the co-founder and president of the think tank Populace, offers a framework called the âdark horseâ mindset. As a rejection of conventional wisdom about how to succeed, the mindset includes four main strategies: know your micromotives, know your choices, know your strategies, and ignore the destination.
Weighing in on those strategies and broader questions about success are other Big Think contributors, including Neil deGrasse Tyson, Michio Kaku, and Alex Banayan.
Read the video transcript âş https://bigthink.com/personal-growth/...
0:00 Introduction
0:43 What is a 'dark horse'?
1:20 Dark horse lesson #1: Know your micro-motives
2:09 Neil deGrasse Tyson's mindset
2:57 Dark horse lesson #2: Know your choices
3:12 Steven Spielberg's mindset
6:06 Dark horse lesson #3: Know your strategies
6:30 Michio Kaku: Eisenhower's mindset
7:42 Dark horse lesson #4: Ignore the destination
8:15 Sarah Robb O'Hagan's mindset
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Read more of our stories on success:
The paradoxical reasons for scienceâs success
âş https://bigthink.com/hard-science/sci...
Four key rules for successful leadership
âş https://bigthink.com/leadership/key-r...
Upskilling: The key to success in the new world of work
âş https://bigthink.com/plus/upskilling/
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About Big Think | Smarter Fasterâ˘
âş Big Think
The leading source of expert-driven, educational content. With thousands of videos, featuring experts ranging from Bill Clinton to Bill Nye, Big Think helps you get smarter, faster by exploring the big ideas and core skills that define knowledge in the 21st century.
âş Big Think+
Make your business smarter, faster: https://bigthink.com/plus/
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Francisco Gimeno - BC Analyst Success doesn't come easily. As they say "success is 2% inspiration and 98% perspiration". It means success comes from focusing on it, from getting in the right mindset. That mindset will help to react when the opportunity and the time comes for proper success. This awesome podcast offers one way to focus on this: "the 'dark horse' mindset. As a rejection of conventional wisdom about how to succeed, the mindset includes four main strategies: know your micromotives, know your choices, know your strategies, and ignore the destination".
In fact this is not new, just differently formulated for many who don't know well how to do this. Kaku, Spielberg, Tyson also help us talking about what si for them success and the proper mindset. Nice motivation in troubled times. Watch it.
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From simply playing games to throwing thousands of dollars to own properties, here is a list of top ways to make money in the metaverse!
Isnât your news feed full of metaverse-related news? Since Mark Zuckerberg announced the focus of his new product towards the Metaverse, it has surged in popularity and made waves in the digital world. As a result, most of the industry's focus has shifted towards offering passive income opportunities through different metaverse-based products. If you are still confused about what is possible in the metavers and how to make money in it, this video is for you!
00:00 - How to Make Money in the Metaverse?
01:04 - #1 Play-to-earn Games
02:09 - #2 Travel and Tourism
02:50 - #3 Online Concerts and Virtual Parties
03:35 - #4 eCommerce
04:08 - #5 Trading Virtual Property
06:03 - #6 Trading Metaverse Tokens
06:45 - #7 Trading Digital Art
07:13 - #8 Advertising
07:42 - Best Platforms to Invest in the Metaverse
07:52 - Axie Infinity
08:19 - The SandBox
08:49 - Decentraland
09:26 - How Is Metaverse Booming at the Moment?
đ From crypto news, to market moves, and to educational how to videos. If you want something more than just hype and to actually learn about crypto, make sure to hit the subscribe button right now and turn on notifications to not miss out on new videos!
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đ˛ Insider Info in my Socials đ https://guy.coinbureau.com/socials/
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đ âBitcoin Believeâ Shirt đ https://store.coinbureau.com/product/...
đĽ TOP Crypto TIPS In My Newsletter đ https://guy.coinbureau.com/signup/
~~~~~
đşEssential Videosđş
Daily Crypto Routine đ https://youtu.be/tNsc4tdXnCE
Shitcoin Checklist đ https://youtu.be/aBnWQRs1bPQ
NFT Tutorial đ https://youtu.be/f12cCCl4tus
How To Buy The Dip đ https://youtu.be/Prkv45GfGUg
Spot Alts Before Pump đ https://youtu.be/2GktMxR3wak
Whale Movements Explained đ https://youtu.be/XSJnX9oe_is
Best Crypto YouTubers đ https://youtu.be/LoWOO3GtUBY
Sentiment Analysis Platforms đ https://youtu.be/bqOqAI7OD7Y
How To Find Airdrops đ https://youtu.be/H5n8-2iVJNM
~~~~~
âď¸ đ Useful Links đ âď¸
âş ICO Analytics: https://t.me/ico_analytic
âş Metaverse NFTs News: https://t.me/Facebook_Metaverse_Nfts
âş Disclose TV: https://t.me/disclosetv
âş 100 Eyes Crypto Scanner: https://t.me/CryptoScanner100eyes
âş Whale Alert: https://t.me/whale_alert_io
âş Glassnode: https://t.me/glassnode
âş Rekt News: https://t.me/rektnews
âş Rekt HQ: https://twitter.com/RektHQ
âş Lunar Crush Announcements: https://t.me/lunarcrush
âş Airdrops: https://t.me/Airdrop
âş Cosmos Airdrops: https://t.me/CosmosAirdropsNews
âş Coin Bureau Insider: https://t.me/cbinsider
~~~~~
- TIMESTAMPS -
0:00 Intro
1:15 What is Telegram?
3:27 #1 ICO Analytics
4:42 #2 Metaverse NFTs News
5:57 #3 Disclose TV
7:29 #4 100 Eyes Crypto Scanner
8:40 #5 Whale Alert
10:02 #6 Glassnode
11:35 #7 Rekt News
12:49 #8 Lunar Crush Announcements
14:32 #9 Airdrops
16:25 #10 Coin Bureau Insider
18:18 Outro
~~~~~
đ Disclaimer đ
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
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In this video we will talk about how to make money with NFTs! We will be discussing all the different ways people are making money within the space. The NFT space has exploded the past year and there is a ton of opportunity to begin building within it.
Join Our Discord:
Discord: https://discord.gg/HxFyKQFZvb
Follow Our Socials:
Twitter: https://twitter.com/NFTverse_
Instagram: https://www.instagram.com/nft.verse/
0:00 - 0:38 People are making a LOT of money with NFTs
0:39 - 1:37 5 Ways to Make Money with NFTs
1:38 - 3:15 Sector #1: Flipping & Investing
3:16 - 5:37 Minting New NFTs and Flipping them
5:38 - 7:13 Investing into Released NFTs
7:14 - 7:56 What NFT should you choose?
7:57 - 8:50 Sector #2: Creating NFTs
8:51 - 9:12 Types of NFTs to create
9:13 - 10:36 Royalties
10:37 - 13:24 How to Build an NFT project
13:25 - 14:51 Sector #3: Content Creation
14:52 - 16:40 Monetization for Content Creators
16:41 - 16:57 Sector #4: Jobs
16:58 - 18:20 Types of NFT Jobs
18:21 - 19:15 NFT Job demand is high
19:16 - 19:59 How to get hired?
20:00 - 21:12 Sector #5: Other
21:13 - 21:59: Recap & Thoughts
22:00 - 22:17 Outro
Financial Disclaimer:
This is not financial advice. I am not a financial advisor. This channel is for entertainment and expressing my opinions. Please do your own research and make your own decisions.-
Francisco Gimeno - BC Analyst People make a lot of money with digital assets such as crypto and NFTs. Many have the opposite experience too. To really earn money we need to understand well the rules of the game and the space. Otherwise is a lottery. This podcast may help us to understand NFTs better.
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In this video we will talk about how to get Whitelisted for the Most Hyped NFT projects releasing now! This video will be a full guide on the Whitelist and how people are getting on them.
JOIN OUR DISCORD SERVER:
Discord: https://discord.gg/HxFyKQFZvb
Artist Fan Art Featured:
https://twitter.com/waynechu_art
Tweet Deck:
https://tweetdeck.twitter.com/
Follow Our Socials:
Twitter: https://twitter.com/NFTverse_
Instagram: https://www.instagram.com/nft.verse/
0:00 - 1:21 Whitelist Benefits!
1:22 - 2:23 What is a Whitelist & why does it exist?
2:24 - 3:50 Strategy #1: Launchpads
3:51 - 4:47 Alpha Groups
4:48 - 6:31 Strategy #2: Previously Released NFTs
6:32 - 7:20 Some NFT Alpha
7:21 - 11:06 Strategy #3: Community Participation
11:07 - 12:14 Strategy #4: Content Creator
12:15 - 13:18 Whitelist Tools
13:19 - 13:44 Importance of the NFT Whitelist
13:45 - 14:02 Outro
Financial Disclaimer:
This is not financial advice. I am not a financial advisor. This channel is for entertainment and expressing my opinions. Please do your own research and make your own decisions. -
Recommended: Read This! Reasons Withdraw Bitcoin From Exchanges - Bitcoin Magazi... (bitcoinmagazine.com)#1 â If your coins are on an exchange, you need permission from the exchange to spend them. In your own custody, you can do whatever you want and pay whomever you want, whenever you want, at the fee you want.
You will understand this if youâve ever wanted to move your bitcoin from an exchange and you were blocked because you needed to provide more identification documents or prove your source of income.
You may have been blocked because you reached a 24-hour limit of value you are permitted to withdraw. Your funds may have been unavailable due to unscheduled system maintenance. It is your bitcoin and yet you are in a powerless position.
Bitcoin doesnât actually care who you are or how much you are transacting. You can move 100,000 bitcoin and youâll be free to do that without any resistance any time of the day, even on Christmas Eve, if the bitcoin was in your possession.
#2 â Your coins might not really be there. What you see is a promise that if you ask for your bitcoin, they will give it to you.
But if the exchange gets hacked or if the CEO fakes his death and takes the private keys or if the government steps in, all coins could go bye-bye.
Newcomers log into their exchange and see âBalance = 1.0 bitcoinâ and they think that is their bitcoin. It is not. That is a number on a screen.
The bitcoin is on the Bitcoin blockchain, the global distributed ledger. The entity that can move that bitcoin from one address to another is the entity that has the private key that generated that address. The user of an exchange does not have the private key, the exchange does! It is their bitcoin. The bitcoin belongs to whoever has the private key.Â
This is crucial to understand.The exchange just has a legal agreement that the bitcoin belongs to the user and they show the user their balance. But the user just has a login name, a password, and a promise. Not a private key.
A little sinister trick that blockchain.com employs is a 24-word password to log in to the website. This LOOKS like a bitcoin private key, but it is not. It is just a website-password. Blockchain.com has the private key. This is quite misleading, and confuses beginners as to the true nature of how Bitcoin works.
Many exchanges have been hacked and coins have been stolen from those exchanges:- Mt. Gox is the first and most famous.
- Quadriga CX, a Canadian exchange, went bust after the CEO â the only person in the company with access to the private keys (allegedly) â died (allegedly) while on a trip to India. The users lost all their bitcoin.
- Cryptopia, an exchange in New Zealand. They got hacked and users lost their funds.
- Binance. $40 million worth of bitcoin was stolen but Binance was wealthy enough to make their users whole. Embarrassingly, the CEO called for a rollback of the Bitcoin blockchain to recover lost funds but was laughed out of town.
- Most recently, the CEO of a Turkish exchange fled the country with $2 billion worth of bitcoin.
- There have been many others that I had not previously even heard about.
You might not trust yourself with self-custody. That is understandable. But it is your responsibility to educate yourself on self-custody or at least only partially-custodial collaborative custody. Most early Bitcoiners are likely sitting on a lot of bitcoin.
They must step up and look after their coins. People brand new to bitcoin can store their initial small stacks on exchanges and it wonât matter too much. But you, you are early.
You must take responsibility. All the information is available online and free.
#3 â If coins are left on the exchange, they can engage in fractional reserve lending, effectively inflating the supply of bitcoin. If there is a mass withdrawal by the public, exchanges can and have gone bust if they donât have the coins that were promised.
Coins go bye-bye.Fractional reserve is the fraudulent practice for accepting a deposit, and then lending it out, but the depositor is given the illusion that their money is still available. Somehow this is both common and legal in the fiat banking world. If one bitcoin is deposited and then is loaned out, the depositor should not have access, similar to a term deposit.
This would be full reserve or one-to-one banking.If the depositor requests their funds, then what is returned to them is another depositorâs funds instead and, in theory, no one is hurt. But if many people want their funds at once, then the obligations cannot be fulfilled.This practice not only inflates the supply of money but is a systemic risk.
By withdrawing your coins, you eliminate the risk to you of a bitcoin bank run.Trace Mayer, a once loved Bitcoiner, started Proof-of-Keys Day, on the anniversary of the first Bitcoin block, January 3.
It started a movement where Bitcoin users celebrate by withdrawing all their coins from exchanges all at the same time, putting stress on the system, to keep the exchanges honest. Any exchange that was running on partial reserves could be exposed if enough people participated.
#4 â One day governments may outlaw withdrawals to private wallets, leaving your coins stuck and vastly less valuable. The real bitcoin economy would consist of the open peer-to-peer market outside of the exchanges while the coins trapped inside exchanges would be useless.
I am fully expecting governments to make it extremely difficult or outright ban coins from leaving exchanges into private wallets. We will fight back, no doubt. But the effort by governments will be futile. Most bitcoin is not on exchanges. My estimate is that about two million coins of the 18.7 million mined are on exchanges.
Bitcoinâs future is as peer-to-peer money, with most payments made on the Lightning Network. Coins on an exchange cannot serve this function. Exchange coins will always have a middleman that you will require permission from to make payments.
Coins stuck on the exchange due to laws cannot be used as bitcoin is intended and they will be less valuable. If I offer a service and charge in bitcoin, I will only accept real bitcoin outside of exchanges. I will not take payment from trapped bitcoin to my exchange wallet. I will not be alone.
Therefore, there will emerge a price difference between real bitcoin and IOU exchange-trapped bitcoin.
#5 â Powerful people who want Bitcoin to fail MAY be naked shorting it on futures markets. If we, The Resistance, buy bitcoin and extract it from the trading pool, we will eventually enforce a decoupling of the price of paper bitcoin vs physical bitcoin.
We are fighting the people who print fiat. Itâs easy for them to naked short bitcoin and suppress the price because they can print money and therefore have no real risk.
*Click here to read more about how naked shorting can affect the price of assets.
Hereâs why theyâll fail: there is an army of Bitcoiners, true believers, who are regularly buying bitcoin and withdrawing coins from exchanges. Most of the coins are off exchanges already. If the naked short attack succeeds in driving down the price, Bitcoiners will eagerly scoop up the cheap sats and remove even more bitcoin from the exchanges.
Miners can somewhat replenish the supply of coins on exchanges. Currently, miners could theoretically dump 900 bitcoin per day onto exchanges. When HODLers remove 900 bitcoin a day, the price is relatively steady.
Wild fluctuations in price can happen despite this, of course, as traders buy and sell coins between each other.
But as more and more coins are removed and as mining supply diminishes (halves every 4 years), there will come a point when not enough bitcoin is available.
This will cause a decoupling of the paper price of bitcoin on the futures market and real bitcoin that is demanded by HODLers or merchants.Be a part of the army to bring this day forward and make bitcoin successful sooner.
Regularly stack bitcoin â Dollar Cost Average (DCA) â and remove the coins from the exchange.#6 Unless you take coins into your own custody, you will never fully appreciate how Bitcoin works.
If you donât appreciate it, you wonât buy enough of it. And this you will regret.You will need to learn more about self-custody and run a node.Â
This will also blow your mind and get you closer to the truth of how amazing this technology is. You might even start using the Lightning Network and be totally obsessed. In a good way.
This is a guest post by Arman the Parman. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.-
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The Fourth Turning - How does it compare to other top future predictions? From the economic Kondratiev Waves to the war-cycles from Arnold Toynbee and Joshua Goldstein. Are they predictions? Or plans? And is war inevitable? Add your comment on what you think below.
TIMESTAMPS:
Introduction: 0:00
The Fourth Turning Crisis Comment Conspiracies? (Economic Update Forecasting): 00:34
Is it possible to predict the future? (Elon Musk vs. Warren Buffet): 01:05
Ron Baron Tesla Investor $1 Billion Headline: 01:29
The Government Fourth Turning Plans/Predictions: 01:57
Prediction System #1: Kondratiev Waves (K-Waves): 02:25
Trading with Kondratiev Waves: 03:33
What Happened to Nikolai Kondratieff?: 03:44
Prediction System #1: Economic Waves (Kuznets Cycle, Juglar Cycles, Kitchin/Business Cycles - Joseph Schumpeter): 04:02
Prediction System #3: Ray Dalio's Currency Cycles (Long Term Debt Cycle): 04:41
Ray Dalio Fox Interview on War and Fed Balance Sheet: 05:51
Bridgewater Associates Hedgefund Predictions: 06:19
Prediction System #4: Generations (Neil Strauss and William Howe): 06:42
What did Strauss and Howe do to benefit from these predictions (the fourth turning, millenials rising, lifeforce associates, and hedgeye): 07:26
The Government Connection (Al Gore, Bill Clinton): 08:17
Steve Bannon and Donald Trump (The Fourth Turning): 08:47
Linette Lopez on Bannon: 09:54
Is this a prediction or planned? (China's Debt): 10:21
Central Banks Buying and Repatriating Gold: 11:17
Prediction System #5: War Cycles (Quincy Wright, A Study of War, Arnold Toynbee): 12:26
Joshua Goldstein Long Cycles: Prosperity and War in the Current Age: 12:55
How do the 5 Prediction Systems Compare (Self-fulfilling Prophecies): 13:15
Prediction of Electric Cars a Conspiracy or Pseudoscience?: 14:14
My Opinion, Perspective, and Philosophy: 15:16
Subscribe!: https://www.youtube.com/user/rogerham...
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Where will you be in 10 years?: https://www.youtube.com/watch?v=Zu5T4...
5 steps to Flow: https://www.youtube.com/watch?v=n6Qbg...
How to design your perfect day: https://www.youtube.com/watch?v=vL1SP...
Find your Unique Genius: https://www.youtube.com/watch?v=FH50m...
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Roger James Hamilton is a futurist, social entrepreneur and New York Times Bestselling Author of the Millionaire Master Plan. He is the founder of Entrepreneurs Institute and the creator of the Wealth Dynamics, Talent Dynamics & Genius Test Profiling Systems, used by over 250,000 entrepreneurs to follow their flow.
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http://www.rogerjameshamilton.com-
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The digital asset industry went through many ups and downs in 2019, and thatâs without even taking prices into consideration. But letâs first address price. 2019 was a tale of two halves (first half of the year was good; the second half of the year was bad).
But price is fickle, impossible to forecast, and a lagging indicator. Instead, this piece will focus on the bigger picture themes and narratives that shaped 2019, and what we expect in 2020 and beyond.Â
2019 Recap: What we got right / What we got wrong in Digital AssetsFirst, letâs look back quickly at our 2019 predictions, in digital assets and how close we got:
ÂPrediction #1: Valuation metrics for crypto will become more mainstream
FALSE. Crypto valuations has made a lot of progress this past year , including:
Â- Messariâs efforts to create standardized reporting
- An incredible working group of crypto analysts that are publishing mainstream valuation metrics
- Numerous independent sites posting usable metrics (like this and this)
However, the masses have certainly not caught on yet. We rarely see crypto valuations cited in mainstream media like we do with equities and debt. Â
ÂPrediction #2: The ICO âDistressedâ opportunity will emerge
FALSE. We expected there to be M&A, tender offers, activist campaigns (we even unsuccessfully attempted one) and just plain distressed value investing (like buying tokens where cash value in Treasury was greater than token value). But none of these have materialized yet.
This is partially due to lack of transparency from token projects, but is mainly due to a lack of capital into funds dedicated to these strategies - the legal bills alone will be massive. There is a still a huge opportunity here, and only a select group of former Wall Street-run crypto funds are positioned to take advantage of these dislocations.
ÂPrediction #3 Bitcoin and Bitcoin Cash will not become a Medium of Exchange
TRUE. Thus far (at least in developed countries). Stablecoins have and will become mediums of exchange, whereas Bitcoin will continue to be a store of value, and other select digital assets will simply be quasi-equity like assets. We believe this can change in the far distant future once tax consequences are loosened, mobile âbankingâ-like apps become more user-friendly, and volatility subsides. As such, Bitcoinâs progression will be SoV->MoE->UoA.
ÂPrediction #4: Value accretion will switch from service providers to applications
MIXED. On the one hand, equity valuations of crypto service providers (exchanges, miners, data providers, trade systems, custodians, OTC desks) have been trending down because the market has way too many service providers relative to the people/firms that they service. On the other hand, we still havenât seen many âkiller appsâ develop.
This shift is starting to happen - itâs just taking longer than expected and there are fewer success stories. For example, companies like Brave, Flexa, HXRO, and Lolli are growing users at a rapid clip and have increased their equity valuations, but this is still a small sample size of everyday crypto apps that have penetrated the market.Â
ÂPrediction #5: The market will separate into âHaves versus Have notsâ
TRUE. Weâve been pretty vocal on this topic, and it has been quite accurate. There are far more losers than winners in 2019, and this has largely been based on themes.
Bitcoin aside, most of the legacy decentralized digital assets that took the market by storm in 2017 have largely died out or moved out of favor with the possibility of never recovering, while new up-and-coming companies that utilize tokens have moved into favor. We think this trend will continue.Â
ÂPrediction #6: ETH will underperform ETH-related tokens
TRUE. We made this argument pretty succinctly, and took a lot of heat for it from Ethereum fans, but we were pretty accurate. Ethereum is one of the most important developments in all of crypto, with so much of the ecosystem built on top of, or connected to the Ethereum blockchain.
But the ETH token itself has failed to capture this value (negative 2019 return), while tokens of projects that are derivatives of the ecosystem (MKR, SNX, LINK, etc) have performed much better.Â
ÂWhat else happened in 2019 affecting the Crypto Markets?
Aside from our predictions, 2019 added several new narratives that affected the crypto markets:Bitcoin officially entered the Global Macro spotlightÂ
- The Federal Reserve, Treasury Secretary, US President, G7 and every major global central bank talked about Bitcoin, and now every macro hedge fund is involved in some capacity.Â
- Geopolitical instability (Venezuela, Argentina, Hong Kong, Lebanon, Iran, etc) has increased use of Bitcoin in these locations.
- China introduced its own Digital Currency (DCEP), that led to a series of copycats from other Central Banks. This will lead to tighter controls on monetary policy and flow of capital within borders.
- Facebookâs Libra project woke up US regulators creating a short-term negative effect for digital assets, but will lead to a long-term positive outcome on adoption and interest.
- Bitcoin dominance grew from 53% to 70% in 2019 (meaning Bitcoin represents 70% of the value of all digital assets). The âHave Notsâ took the brunt of this Bitcoin explosion, and will likely continue to fall versus Bitcoin, but new versions of digital assets backed by real assets (like the ArCoin US Treasury token) are on their way which should help the overall asset class grow.
Rise of innovative token uses cases beyond currencyÂ
- In fact, we think the word âcryptocurrencyâ is one of the most misleading terms, because Bitcoin is the only true âcurrencyâ while every other use case of blockchain and tokens is completely different and potentially more innovative. Â
- In 2019, weâve seen the rise of digital contracts:  DeFi, equity-like features with a burn model (i.e. LEO), traditional bond settlements, legal contracts, voting rights, and more.Â
- On the horizon, even more interesting tokens are on their way, like a token representing future interests in NBA player salaries (thank you Spencer Dinwiddie).
Infrastructure BoomÂ
- Newcomers to crypto, but powerhouses in the traditional world (Fidelity Digital Assets, State Street, Bakkt / ICE, the CME, State Street), are now challenging the crypto incumbents (Coinbase, Binance, Deribit, Bitmex).
- The rapid rise of derivatives exchanges has come with consequences, as weâve seen the âtail wagging the dogâ where futures markets drive spot prices, leading to market manipulation.
- The US has been left behind, as Binance and others have officially shut out US customers after skirting the law for years on the KYC/verified account front.Â
And Thatâs Our Two Satoshis! Thanks for reading everyone!   Questions or comments, just let us know. Â
 The Arca Portfolio Management TeamJeff Dorman, CFA - Chief Investment OfficerKatie Talati - Head of ResearchHassan Bassiri, CFA - PM / AnalystSasha Fleyshman -  Trader  Wes Hansen - Head of Trading & Operations
  To learn more or talk to us about investing in digital assets and cryptocurrencycall us now at (424) 289-8068.-
Francisco Gimeno - BC Analyst Read this piece of writing. A resume on what was foreseen and what really happened with digital assets during 2019. A lot of small pearl of knowledge here, and a big find: the whole digital assets, cryptos, tokens world, is evolving and maturing for the best. We believe 2020 will continue with the consolidation of 2019 and new better developments.
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Ethereumâs most recent fork was (eventually) successful, but it came with unintended consequence: the greater cryptocurrency community learned of its special âbig, scary nodes,â and immediately freaked out.
Blockchain infrastructure provider BlockCypher recently posted its version of events leading up to (and directly following) last monthâs Constantinople upgrade
 It details its quest to reboot a special, dedicated machine (archive node) used to record all the âstatesâ (settings) Ethereum $ETHâź0.32% has taken in its history.At a high level, archive nodes store Ethereum snapshots. Not just a record of all the transactions processed, but a complete map of the entire blockchain each time a block is added.Â
They are different to full nodes, which are just concerned with transactions, not states.According to BlockCypherâs blog, rebooting archive nodes is supremely difficult â so much so that literally nobody else is bothering to run them, which the company says could present a security risk.After examining every which way we could think of to add the Trie state to our Ethereum state, we asked [Ethereum co-founder Vitalik Buterin] for assistance. His first comment to us was âoh, youâre one of the few running one of those big, scary nodes.â We asked him if he knew of anyone else running a âbig, scary nodeâ to see if we could possibly sync with them. He knew of no one, not even the Ethereum Foundation keeps a full archival copy of the Ethereum chain. We were back to square [one]: starting the full sync again, this time including the Trie state.
It then declared a lesson learned: BlockCypher might be the only ones keeping an âentire history of Ethereum transactions.â This might be a problem, especially in scenarios where the blockchain is under attack.But according to the Ethereum insiders Hard Fork spoke with, BlockCypherâs concerns donât necessarily represent the true nature of the network, as archive nodes have no bearing on its overall security.Archive nodes have âno impact on Ethereumâs security or trust modelâ
Ethereumâs ecosystem relies on Infura, a ConsenSys-backed blockchain infrastructure firm. Participants pay Infura to run resource-intensive processes on their behalf, particularly associated with deploying apps on the network.
Infura co-founder E.G. Galano told Hard Fork that archive nodes are only necessary in certain circumstances. In particular, they are used to check the state of an Ethereum account at any given block height.
Other than that specific use, he claims there is no real need to keep them around. âFor example, if you wanted to know the Ether balance an account had at block #4,000,000, you would need to run and query an archive node,â Galano explained.
âThey are use case dependent and have no impact on the security or trust model of the blockchain. âTo be clear: Ethereumâs archive nodes are not equivalent to full nodes. A full node stores transaction history. An archive node stores that, as well as additional data related to Ethereumâs state.
Galano expressed that full nodes propagate the exact same information across Ethereum as archive nodes. In this case, the âarchive labelâ simply means it computes and stores additional blockchain-derived data to query information more efficiently.
Martin Holst Swende, security team lead for the Ethereum Foundation, told Hard Fork that from a network perspective, archive nodes do not help network robustness any more than a full (or fast-synced) node. âIt is full nodes that are the key to maintaining and synchronizing the Ethereum blockchain, including all transactions and state transitions,â said Swende.
âA âfull nodeâ is a node which has performed a fast-sync or a so-called full-sync. If the node additionally stores a snapshot of each state at every block, then it is commonly referred to as an âarchive node.
'âHe then confirmed the three types of Ethereum nodes (fast-sync, full-sync, and archive) all keep the required data necessary to replay (or restore) all chain events, not just archive nodes.
The only data stored by archive nodes (and not by the others) is the full history of Ethereum states, which can be derived using data stored in other nodes anyway.OK â but who is running archive nodes? Is anybody?
Hard Fork spoke with Parity Technologies, a startup building Ethereum infrastructure, to confirm how prevalent Ethereumâs archive nodes really are.Just like Infura and the Ethereum Foundation, Parityâs technology chief Fredrik Harrysson isnât quite convinced of BlockCypherâs claims.
âIt is certainly not true that there is only one node with a full record of Ethereumâs transaction history, we usually have an archive node running in-house at [Parity], although there is really no need for one,â said Harrysson.Infuraâs Galano sided with Harrysson.
âBlockCypher is not the only one running archive nodes. We run many, as do other API and infrastructure providers,â he told Hard Fork. âI donât know the number that the Ethereum Foundation runs, but they at least run a few for their own use.
âThe Ethereum Foundation, too, told Hard Fork it maintains multiple archive nodes, despite how unnecessary they may be.Â
âAt the current moment, weâre running three pairs of benchmarks (six machines), two on fast-sync, two on full-sync and two on archive-mode,â said Swende.If you want to talk security, full nodes are what matter
The crux of BlockCypherâs blog was that it took more than two weeks to ârebootâ their version of Ethereum stored by their archive node. It also emphasized Ethereumâs âstateâ is very different to other blockchains, in that it cannot be restored using any traditional backup method.
Galano suggested BlockCypherâs issue was a lack of solid backup and restore procedure. He said the correct process involves creating a backup and a copy, later using that copy to restore state. This, he insisted, should have preserved the integrity of the original âbackup.
ââEveryone makes mistakes and we ran into similar issues earlier in the life of Infura. My issue with that blog post is not that it says running an archive node is resource intensive, it is,â Galano admitted.
âMy issue is that if you are trusted to run infrastructure as a service and issue a post-mortem, take responsibility for your failures and donât blame the protocol that your users expect you to understand better than they do.
âThe total number of full nodes is essentially what matters for Ethereum, not its archive node count. Current numbers indicate the network consists of almost 12,000 full nodes.
âA reasonable lower-bounded number of nodes required is debatable â essentially if one trusted party had and served all the history it would be fine, but weâd be relying on a centralised party not disappearing, which thankfully is not the case here,â concluded Harrysson.
Archive nodes might not be considered strict requirements for Ethereum to operate securely, but as it turns out, they arenât as rare as they seem, even despite their apparent lack of utility.
Did you know? Hard Fork has its own stage at TNW2019, our tech conference in Amsterdam. Check it out.-
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Report: State of the Digital Assets Industry
Bitcoin: Volatility Downtrends, Commerce Audience Still at Large
Decentralized Applications Face Half-Life After PeakCoinbase Vies for Binance, Huobi Traders with Paradex ListingsUser Experience Addendum
Letter from the Publisher
Bitcoinâs rise to fame was certainly not the result of media focus and speculation gains witnessed for the better part of 2017 alone. It was the result of the devotion of a very zealous community who developed, shared and promoted a concept nobody had fathomed â a currency aimed for the masses, with no intervening power.
The 2008 Financial Crisis that motivated Satoshi Nakamoto to develop such a cryptocurrency wasn't the worst the world has seen since. Citizens in Venezuela, Iran and Turkey burden a massive devaluation to their national currency.
World debt continues to climb unabated. And with no end in sight for Quantitative Easing policies in Europe â and despite recent Federal Reserve tightening, economists are fearing the overheating of the US economy. The cherry on top, two powerhouse economies, the US and China, have seen both sides amp up rhetoric resulting in glimpses of a trade war.
In Cyprus, systemic bank failures led to the seizure dubbed "Bail-in" of customer deposits in the Billions of Euros - with no responsibility or remorse. And Capital Controls in Greece following painful austerity measures invoked by the European Central Bank, the International Monetary Fund and the European Commission left people stranded at ATMs across the country to pull out their allotted allowance of 60 Euros a day.
Both events this editor lived through first hand.Bitcoin's value does not solely come from its monetary policy. The real ownership of an asset class that is spendable in a digital era are remarkable traits.
And Central Banks have taken serious note of technological and societal developments. They are now faced with digital currency design decisions as Stablecoins are set to enter the market. The prospect of both cannot be understated.
Central Bank Digital Currency has the opportunity to provide social good should the design be geared towards retail as opposed to wholesale. Otherwise, Stablecoins could pose challenges should developers create a user-friendly experience that can also attract commerce in the face of behemoths such as Visa and Mastercard.
|| TIME TO LOOK AT THE WHOLE PICTURE
While this vibrant cryptocurrency community has drawn people in with great fervor, so has it repelled intelligence of contrary opinion. There comes a time to discuss progress with reason and debate without the risk of being ostracized and labeled peddler spreading fear, uncertainty, and doubt.Â
The "either you're with us or against us" has proved a false mantra time and time again.The data are in - it's not flattering for Bitcoin as a trade unit. Decentralized Apps have also failed to find a loyal crowd.
Efforts on this front would only turn pear shaped should the community fail to examine the current status of the whole currency and financial ecosystem with critical consideration.
 Continue reading the full free report from Diar here... https://diar.co/volume-2-issue-33-34/
--
Fadi Aboualfa
Publisher & Editor-in-Chief-
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Francisco Gimeno - BC Analyst Being a blockchain and crypto believer doesn't mean we have to throw common sense through the window. We should be on the agora discussing, debating, defending blockchain as a powerful and disruptive tool, and crypto as the foundation for the new economy, without closing eyes to the problems and issues arising (speculation, lack of use cases, no crypto mass adoption yet, scalability, etc etc). Being only among the like minded is very nice but produce fantasies.
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NIYONAGIZE Hiraire Technician at Niyo Nice!
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Tim Enneking, Robert Brauer & Andrew Kang Â
Tim Enneking is managing director at Crypto Asset Management. Robert Brauer and Andrew Kang are members of the Crypto Asset Management ICO Analysis team. The number of initial coin offerings (ICOs) is growing rapidly, having raised an astounding $5.6 billion in 2017 alone.
More outrageous is that, by most estimates, over half of the ICOs launched in 2017 have already failed.In addition to the hundreds of ICOs being launched every month, our management company Crypto Asset Management (CAM), also receives around a dozen emails per day from new companies planning on launching crypto tokens to raise capital.
CAM, through the various funds and share classes it manages, invests in less than one out of every 100 ICOs that comes across its desk.Out of absolute necessity, we have developed an analytical framework for ICOs, which CAM applies to every such opportunity it evaluates.
In this article we explain what we call The Seven Pillars Of ICO Investingâ˘, which we've rigorously crafted over several years of investing in crypto and other assets.Pillar #1: Team
The critical element which we are searching for is an experienced team, ideally with a strong track record in developing and launching blockchain technology. In addition, the team should have experience in the market it is targeting. A team that is not only competent, but capable of developing, completing and/or expanding the project is paramount to its success.A couple of additional issues to consider are:- Does the team have a vesting token schedule that will properly incentivize it?
- Do the advisors have the right experience and are they actively engaged?
- Does the project have any notable financial backers? (VCs, other hedge funds, etc.)
Pillar #2: Idea
Without a compelling, realistic and timely idea for a blockchain-based enterprise, the investment will almost certainly fail.A few of the key things we look for are:- Total addressable market:Â How large is the opportunity? We want as large of a market as possible (See: ethereum, filecoin).
- Product-market fit:Â Does the business address an urgent problem? (0x, ChainLink)
- Unique value proposition:Â What facets of the technology enable it to stand out from the competition? How much competition is there (Wax)? Ideally, the token has proprietary technology, and as little competition as possible (Orchid Protocol).
There is clearly an interrelationship between Pillars 1 and 2. However, if we had to choose between them, we would clearly rather invest in an "A" team working on a "B" idea than a "B" team working on an "A" idea.A talented group of people are the lifeblood of any business, and crypto is no different.Pillar #3: Execution
In the cut-throat business world we live in, the only thing that matters is results. A brilliant idea and great team are nice, but execution is everything. Is there a working prototype or does your idea only exist in a nebulously written white paper?
We prefer to invest in a product that already exists to some degree (Presearch, Basic Attention Token, Superbloom, FunFair), whether in the crypto space or analogously in the fiat space (Wax). Finally, we look for some sort of proof that the company will be able to hit future milestones.Pillar #4: Legal/Regulatory
This pillar is essential given the current and growing regulatory uncertainty in the industry. Almost every week, there is news of a governmental agency in one country or another taking regulatory action or making a new statement around ICO governance. Of course, almost as often, there is news of a different country considering crypto-favorable legislation.
Comprehensive regulation in many marketplaces is on the horizon and it is imperative to ensure that ICOs vigilantly navigate the landscape to the best of their abilities. The threshold issue is jurisdiction: in what country is or will the ICO company be incorporated and the ICO executed?
This determines the rules that will apply to the company's actions and the ICO. Depending on the approach taken, we may apply the somewhat arcane rules of the Howey test (in the US or if US investors are targeted or allowed to invest), KYC/AML principles (which are essentially universal) and applicable securities law.Pillar #5: Tokenization
A significant number of the ICOs we analyze do not actually need the blockchain, tokenization or a public sale of their tokens to be successful. When this is an issue, it is usually the last - public sale - which is not necessary. (NASDAQ's settlement system is an excellent example of where tokenization is a brilliant idea but a public market would be superfluous, or even counterproductive.)
Also, they are sometimes glorified apps that could be built without creating a specific token, despite how much "utility" the founders may claim their token provides. With the enormous amount of value exchanging hands over the blockchain and the prospect of getting "free" money without giving up any equity, it's not hard to imagine why many industrious entrepreneurs try to identify any possible reason to launch an ICO.
That being said, one of the crucial things that every investment we make must have is a legitimate reason for "tokenizing" their business, and for creating a public market for that token (OmiseGo, Icon, Raiden Network, Cosmos).Pillar #6: ICO Structure
Similar to traditional venture capital investing, the financial underpinnings of the deal ultimately determine the decision to invest. The characteristics of an ICO can have important implications on the expected upside of the token.This can be split out into two categories - ICO mechanics and ICO deal structure.- ICO Mechanics - Historically, ICOs with a lower hard cap tend to outperform ICOs with massive hard caps. While it is important that the parent companies be well funded and have sufficient runway to work with, ICOs need to have a convincing plan for use of proceeds as the potential upside decreases in proportion to the amount raised. The precise metric here is valuation of the token economy - a derivation of the hard cap. Both the valuation in light of circulating tokens at launch and the valuation upon release of all tokens are factors that we consider.
- ICO Deal Structure -Â The deal should be structured in a way so that investors are not at a disadvantageous position to the market.These are a few of our considerations:
- Distribution:Â The team should have a compelling structure for the distribution of tokens, fair allocation among team/advisors and investors, programs for market uptake, etc.
- Distribution Schedule:Â Given the fast-moving pace of the crypto market, the distribution schedule should not massively favor specific parties. While long distribution periods can be considered acceptable for high-potential ICOs, individual liquidity preferences should be considered.
- Discounts:Â Discounts are ubiquitous in the ICO environment, so examining the discount levels given to different tranches allows investors to understand where they stand in relation to other stakeholders.
- Equity Stakes:Â At Crypto Asset Management, we like to be part of the growth of the company and investing directly into the equity of a company allows us to play a greater role in that development. In the world of token sales and short-term liquidity, people often forget that the value proposition of a company can be just as great or even greater than the token ecosystem it is developing.
Pillar #7: Price Drivers
Even if we believe a team is able to create a great product that incorporates a token with an imperative use case, this does not necessarily mean that we will want to hold the token or invest in the ICO. A token must additionally have a mechanism to drive price appreciation.
A token with constant supply without any incentive to hold, will not be subject to buying pressure which significantly outweighs selling pressure over the long run (Votes).
This is underpinned by the concept of price risk, in which individuals will lean towards reducing their exposure to price volatility in favor of fiat or a form of stable currency. (Kyle Samani has written an in-depth piece on this velocity problem here.)A few of the price drivers we look for include:- Network Volume: In almost every instance the value of a token increases as the number of transactions on the blockchain increases (bitcoin, ethereum). This is one of the most basic, yet influential, indicators of demand, and is also the reason we invest primarily in protocols rather than dapps.
- Market Leadership:Â We look to invest only in tokens that are clear market leaders, or have the potential to be in the near future. Usually, these tokens have a distinct and growing unique advantage over their competition (Practical VR).
- Incentives to Hold:Â There is a clear reason why a user would rather hold than spend the token, which can be related specifically to speculated price increases or other non-monetary rewards (Presearch, PROPS). We won't invest in a token that's only purpose is a medium of exchange.
- Supply Changes:Â This can include limiting inflation, meaning the token supply does not dilute the value of all tokens over time, or token burning, where the supply of tokens in the system decreases over time (Binance Coin, Iconomi).
- Profit Sharing:Â Part of the value that is extracted from the system is given back to the token holders (Augur, NEO, Neon Exchange, Ethorse).
- Staking:Â Having users of a network to lock up their tokens either for network consensus or as a requirement in certain processes. (Bee Network, Open Platform, NuCypher, Video Coin).
- Sufficient Liquidity:Â If the project isn't proactive about getting listed on multiple exchanges, preferably top-tier exchanges, we will likely not make an investment.
Please note that, as a general rule, we are not in favor of asset-backed tokens as an investment vehicle at this time. There are no real drivers of price formation after an initial, relatively small boost for convenience (Sandcoin, OneGram) and the opportunity cost is consequently too high (there are far greater returns elsewhere).Importantly, the effect of implementing strong incentives to hold is multiplicative.
Not only will the price increase be driven by the inherent tokenomics design, but also by speculation directly related to the implementation of these drivers. Despite the incredible number of fly-by-night operations in the world of ICOs, it is certain that token generation events are here to stay.
Such events are completely transforming the traditional venture capital industry and, for savvy investors, are creating fortunes literally overnight. For unsophisticated or undisciplined investors, ICOs are a minefield that should probably be avoided.
However, for those who perform proper due diligence, the odds increase for realizing breathtaking returns on your investments.This article is an abbreviated summary of our process for investing in ICOs.
Here at Crypto Asset Management, we've also developed more in-depth tools, such as our innovative 64-point ICO Scorecard and a more traditional Private Equity Due Diligence Checklist.
Stack of coins via Shutterstock
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Discover more insights from Coindesk here:Â https://www.coindesk.com/seven-pillars-ico-investing/-
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The written testimony from Jay Clayton, chairman of the United States Securities and Exchange Commission (SEC), was released on February 5, 2018. It comes ahead of the chairmanâs oral testimony before the U.S. Senate Committee on Banking, Housing and Urban Affairs on February 6, 2018, on the matter of âVirtual Currencies:
The Oversight Role of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission.âUsually the written testimony closely mirrors the language we can expect in the oral testimony today.
Going through the written testimony, there are several key takeaways to note. (If the opinions of the chairs contained in this article seem familiar, itâs because they co-authored an op-ed in the Wall Street Journal on January 24, 2018, ostensibly laying the groundwork ahead of their testimony.)
Point #1: IF you seek to raise capital to fund an enterprise via an ICO, the SEC views this as the offer and sale of securities, and your venture is subject to the laws governing the sale of securities.For those in the cryptocurrency world, this is bad news if the coin you are invested in is determined to be an actual security. On page 3 of his written testimony, Clayton stated:There should be no misunderstanding about the law. When investors are offered and sold securities â which to date ICOs have largely been â they are entitled to the benefits of state and federal securities laws and sellers and other market participants must follow these laws.
It seems Chairman Clayton believes most ICOs are unregistered securities; meaning, if they are to be considered as such, theyâd be in violation of state and federal laws. Clayton further evidences this supposition, noting, âFor those who seek to raise capital to fund an enterprise, as many in the ICO space have sought to do, a primary entry into the SECâs jurisdiction is the offer and sale of securities, as set forth in the Securities Act of 1933.
â Here, Clayton is stating that ventures seeking to raise funds via an ICO should consider, as a âprimary entry,â registering as a security with the SEC.At the crux of the chairmanâs points here is an argument the industry has faced in a fundamental fashion, especially on ICOs.
That argument is, as Clayton puts it on page 6 of his testimony, âIs the coin or token a security?â While Clayton does demur to say that the answer to his ICO question depends on the individual facts of each coin or token, he does state that âto date no ICOs have been registered with the SEC, and the SEC also has not approved for listing and trading any exchange-traded products (such as ETFs) holding cryptocurrencies or other assets related to cryptocurrencies.â Â
How Clayton Arrives at That Point:As a governing definition of securities, Chairman Clayton cited §2(a)(1) of the Securities Act of 1933 as well as §3(a)(10) of the Securities Exchange Act of 1934. (These two Acts are two of the primary three bodies of law that outline most of the regulations of the U.S. investment industry â the third being the Investment Advisers Act of 1940, or the â40 Actâ colloquially.)
These sections define a security as âinclud[ing], among other items, âan investment contract.ââ According to federal laws under Title 15 of the U.S. Code, an investment contract is âan investment of money in a common enterprise with a reasonable expectation of profits to be derived from the entrepreneurial or managerial efforts of others.â See 15 U.S.C. §§ 77bâ77c.
Point #2:Â The U.S. regulators will apply the same âfacts and circumstancesâ analysis, utilizing a principles-based framework to determine if ICOs and cryptocurrency markets should be classified as securities.
This is a potential sigh of relief for the cryptocurrency industry. If the chairs remain steadfast on this point, it appears that any crackdown on different coins will come in piecemeal fashion and on the merits of the coins individually, rather than from a broad-swept ruling.
Referring in his testimony to a report issued on July 25, 2017, on DAO tokens as a test case, the chair seems to suggest the methodology for determining that DAO tokens are securities should be allegorized to other coins or tokens offered in the space.
Going further on page 7 of his testimony, the chair states that âthe Commissionâs message to issuers [those who conduct the ICO] and market professionals in the space was clear: those who would use distributed ledger technology to raise capital or engage in securities transactions must take appropriate steps to ensure compliance with federal securities laws.
âPoint #3:Â We are doing this in the name of âInvestor Protection.âThis is the preemptive Fear, Uncertainty and Doubt (FUD) propagating line that is being towed about by every regulator safeguarding an economy more prosperous than North Koreaâs.
However, the point that Chairman Clayton makes on cryptocurrencies is not without merit.Specific types of investor protection that the new application of the current regulatory framework to cryptocurrencies hopes to improve on include:- improper or nonexistent disclosure (KYC/AML);
- volatility (flash-crash-like issues, endemic asset class issues that could cause a marketwide panic among all investable asset classes); and
- all of the theft and fraud in the industry.
As the chair puts it in the portion of his written testimony entitled âEnforcement,â there has been a new cyber unit established within the SECâs Enforcement Division in September of 2017, focused on misconduct involving the industry specifically targeting those types of behaviors listed above. Â
Point #4:Â Cryptocurrencies arenât âcurrency,â but some of them arenât âsecuritiesâ either.The chairman doesnât come out right and directly say this, but on page 5 of his written testimony, he states:While there are cryptocurrencies that, at least as currently designed, promoted and used, do not appear to be securities, simply calling something a âcurrencyâ or a currency-based product does not mean that it is not a security.
The chair does note slightly above in his testimony that âthe SEC does not have direct oversight of transactions in currencies or commodities, including currency trading platforms.
âPoint #5:Â But save some prohibition for the average individual investor...Prohibiting certain classes of investors from participating in a security or marketplace is nothing new.
For example, certain private offerings are only allowed to accredited individual investors, while others are reserved for the more specific classes of investor.As individual investors in the cryptocurrency space (âRetail Investorsâ or âMain Street Investorsâ), the following statements in the written testimony are disheartening.
SEC Chair Clayton states on page 2 of his written testimony that his efforts âhave been driven by various factors, but most significantly by the concern that too many Main Street investors do not understand all the material facts and risks involved.
â While itâs no surprise to investors that cryptocurrencies are currently a volatile and risky asset class, even the hint that Main Street investors lack the understanding of this notion often serves as rationale for restricting non-accredited retail investors from access to more complicated or illiquid financial instruments.
The chair then further stated, âMany trading platforms are even referred to as âexchanges.â I am concerned that this appearance is deceiving.â In Claytonâs view, investors transacting on these exchanges do not receive many of the market protections that they would in traditional investment exchanges.
While the chairman could be lauded for his sentiment on protecting investors, especially given that the risks of trading on exchanges have exposed investors to loss in the past, the alternative view of his statement is that the SEC chairman is seeking to find a way to regulate the exchanges that provide Retail Investors access â leaving cryptocurrencies legally accessible only to those sufficiently educated on the risks, the product and the space or, as in the case of accredited investors, allowing only the rich to invest in cryptocurrencies.
We will have an update on takeaways from the Senate Hearing shortly.
This Report is published by BitconMagazine.com. To discover more insights in cryptocurrencies and blockchain, visit us here:Â https://bitcoinmagazine.com/articles/sec-chairs-written-testimony-hints-moderation-cryptocurrencies-...Â
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- improper or nonexistent disclosure (KYC/AML);
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If you were lucky enough to buy Bitcoin early on, the chances are that you are retired now. No other investment in the world has performed like BTC over the last few years and those that saw the revolution coming are now multi-millionaires.
This success has led to an influx of investors trying to find the next big cryptocurrency so that they can make thousands of percent returns in only a few years. In this article, I will give you the best tips to help you to find the next Bitcoin.
Finding the next big cryptocurrency can take up a lot of time as hundreds of new coins are coming to the market each month. Not all of these will be successful so it is vital that you do not go all in or you could end up losing everything.
There are still many risks involved with cryptocurrencies such as regulation which over 2018 will be the hot topic and if the regulations go the wrong way for the currency that you have bought, it could be worthless. Below are my top tips for finding the best new cryptocurrencies of 2018:#1: PRICE
If you are looking to make big bucks by buying cryptocurrency one of the best ways to do this is by looking for new ones that are priced at below a dollar. This is a great tactic for investors that do not have great deals of money to invest. If you do use this tactic it is important to spread your risk by investing in a number of cryptos and not just one.
Due to the fact that you are buying so cheaply, it is possible that a number of these may treble or more in the value over a short space of time. A prime example of this is the likes of RubleBit that increased 522% over 7 days along with Cyder which saw an increase of 7,412%.#2 CURRENCY ADAPTATION
When carrying out research you will need to ascertain which coins will be the most adopted. You want to choose ones that have the best chance of being adopted as a currency. By doing this you can make estimates of the intrinsic value once the coin reaches mainstream adoption or a set level.#3: BUZZ AND FOLLOWING
One of the biggest driving factors of new cryptocurrencies is the amount of buzz it creates. One of the best places to find out this is by visiting the Bitcoin Reddit group or one of the many other cryptocurrency social media groups. See which ones everyone is talking about and use it to help guide you to the ones you should investigate further before buying.#4: HIGHLY CIRCULATED SUPPLY
One factor you need to pay close attention to is the maximum supply level. You want to try instead to go for coins that are highly circulated supply as they have a better chance to go up in price if demand increases due to a limited supply.#5: PRICE AND VOLUME CHARTS
One of the best sources of information to check before buying a cryptocurrency is the price and volume charts. Look for ones with accelerating growth for both price and volume to find one that has momentum behind them.CONCLUSION
If you are investing in cryptocurrency or ICOs is it a high-risk investment. If you get it right along with the right regulation falling into place, you could set your family up for life. It is extremely hard to make predictions because there are so many fast-moving parts which are why spreading risks is the best investment strategy.What do you think of the authorâs tips?
What other advice would you include? Let us know in the comments below.
Bitcoinist does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company.
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Lie #1: The âBlack and Whiteâ FallacyIn the previous article, I pointed out that Bitcoin wasnât sufficiently similar to other things to draw comparisons. A common response: I fell into my own trap by making comparisons between, say, the Bitcoin bubble and other speculative bubbles or between Bitcoin and ârealâ money.
Such responses are examples of the black and white fallacy: assuming that for a given argument, only the two most extreme positions are under consideration. Such extremist thinking pervades the cryptocurrency world.
A common argument that succumbs to this fallacy: there are problems with putting governments in charge of the money supply, so we need a money supply independent of any government. Perhaps working within the system to improve how government operates would be more efficacious, hmm?
Lie #2: Bitcoinâs Market Cap is RelevantThe formula for market capitalization is simple, but deceiving: multiply the number of Bitcoin (or any altcoin) in existence by the market value of such a coin, and voila! A number that representsâŚwhat, exactly?
As I write this, Bitcoinâs market cap is over a quarter of a trillion dollars. That doesnât mean, however, that thereâs a bucket with that much cash in it under a rainbow somewhere, ready to be divvied up amongst all the lucky leprechaun-seekers holding Bitcoin.
In reality, when the bubble is about to pop and everyone seeks to cash in, the total amount to be divvied up can never be more than the amount people invested in Bitcoin over time â and that number is far, far smaller than its current market cap.
Lie #3: Decentralized Transaction Processing is a Good IdeaAs with any blockchain-based technology, every cryptocurrencyâs transaction infrastructure depends upon a number of decentralized transaction processors.In the case of Bitcoin, we call these processors âminers,â because of the Bitcoin infrastructure rewards such miners with new Bitcoin.
For cryptocurrencies that follow this model (and not all of them do), there are a number of problems. Mining becomes increasingly expensive and consumes massive quantities of electricity â but those arenât even the biggest problems.
The ticking time bomb behind Bitcoin and all similar currencies: if the market value of the reward for mining drops below the cost of mining, then miners will stop mining.
Which means that nobody will process transactions. Which means the entire Bitcoin infrastructure grinds to a halt. For good.For altcoins that donât reward transaction processors with new coins, thereâs even less reason to continue to participate once the hype dies down.
The solution? Centralize transaction processing, like Visa V +0.4%, Mastercard MA +0.3%, and all the banks do. Which, of course, makes cryptocurrency pointless.
Lie #4: âHODLâ is a Rational StrategySome cryptocurrency speculators are all too happy to sell on the upswings and buy on the downswings, a surefire way to make money â as long as you can time your transactions properly, of course.
But other speculators are HODLers â HODL standing for âhold on for dear life.â The HODL strategy assumes that the value of Bitcoin or altcoin in question will multiply many times in the future, and thus a HODLer wonât sell no matter how volatile the price.In reality, the sheer quantity of HODLers are simply propping up the speculative value of the cryptocurrency, giving the more active traders a better chance of getting out with some profit.
Remember, the only people who make money in a speculative bubble are the ones that get out in time. Everyone else is a loser. Which is essentially what HODLers are.
Lie #5: Cryptocurrencies Can Be a Viable Medium of Exchange and also Artificially ScarceBitcoinâs most important innovation is perhaps its artificial scarcity.
There is a maximum number of possible Bitcoin, creating more is increasingly difficult, and the blockchain infrastructure prevents double-spending any of it. Such artificial scarcity is essential to Bitcoinâs speculative value, but operates at cross purposes with any effort to make it a viable medium of exchange.
After all, who would want to buy â or sell â a cup of coffee with Bitcoin if one day that cup cost $5, the next $50, and the day after that $10?In fact, if I were to invent a cryptocurrency that could serve as a viable medium of exchange, it would make far more sense to base the value of one of my coins on, say, an average of the top ten fiat currencies (aka âreal moneyâ).
Such a cryptocurrency wouldnât have artificial scarcity, however, and thus wouldnât be particularly useful as a speculative vehicle. And whereâs the fun in that?
Lie #6: Innovation in Altcoins Will Fix the Issues with BitcoinThere are hundreds of altcoins out there, with more appearing out of nowhere every day.
Now that even die-hard Bitcoin aficionados are realizing that Bitcoin itself has a number of technical issues, they are rapidly jumping ship to various altcoins that purport to solve the problems with Bitcoin. The problem with this argument is that by far the primary motivation for this shift are Bitcoinâs shortcomings as a medium for criminal enterprise. Itâs not anonymous enough for child pornographers and too volatile for money launderers, in particular.
So where is the innovation focusing? On altcoins that better meet the needs of such criminals â not on priorities that align with bona fide, legal business drivers. From the perspective of legal commerce, todayâs innovation is creating more issues, not fewer.
Lie #7: Coins from ICOs will Have ValuePerhaps the craziest corner of an already insane cryptocurrency circus is the world of initial coin offerings (ICOs). Vaguely similar to initial public offerings (IPOs), ICOs are a way for startups to raise money from investors.
That, however, is where the similarities end. In essence, to implement an ICO, a startup creates a large number of some brand-new kind of altcoin out of thin air and sells many of them to speculators. There are a number of variations on the specifics, including how many of the altcoins the founders retain and what can be done with extra ones left over after the ICO.
The startup then supposedly uses the real money they get from selling the fake Monopoly money they just printed up to get a blockchain-related business off the ground (unless theyâre complete scammers, of course, which many are).
Then something magical happens, and everyone who bought the altcoins at the ICO sells them for a profit. Just what magical occurrence imbues such worthless bits of, well, bits, depends upon the business model of the startup â but one thing the investors donât get is an ownership stake in the company.
At least you can play Monopoly with real Monopoly money. However, with ICO-generated coinage, there is rarely even a speculative market, because there are simply too many ICOs with too many new altcoins.Want to put a hotel on Park Place? Youâre out of luck.
All that new altcoin isnât worth the paper itâs printed on â if there were paper, which there isnât.Welcome to the world of cryptocurrency.Intellyx publishes the Agile Digital Transformation Roadmap poster, advises companies on their digital transformation initiatives, and helps vendors communicate their agility stories.
As of the time of writing, none of the organizations mentioned in this article are Intellyx customers. Image credit:Â Alan Levine.
Jason Bloomberg is president of industry analyst firm Intellyx. Follow Jason Bloomberg on Twitter or LinkedIn.
Forbes is a daily publisher of Blockchain, Cyptocurrencies, Business and Financial Markets. Discover a lot more from Forbes here: https://www.forbes.com/sites/jasonbloomberg/2018/01/07/seven-more-lies-bitcoin-and-altcoin-fans-tell...
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Itâs easy to dismiss opposing views, but far harder to sit in the discomfort and listen, especially when the goal isnât to win, but to understand why weâve become so polarized. This video actually forces us to ask deeper questions like are we debating policy or identity? Are we still trying to persuade, or just to be louder than the other side?