How will the tax be calculated on this transaction of bitcoin?
Let’s say I have to send quite a bitof money (approx 10 bitcoin)from India(where I live) to someone in Australia (where my family member lives). The money with which I will buy the bitcoins is savings money. So no issues of tax here. So after converting the money in to Bitcoin and sending it to account of my family member in Australia, how would the tax be calculated or will there be no tax on that money?
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. More Wall Street Breakfast Podcasts » Shares of Amazon (NASDAQ:AMZN), Alphabet (GOOG, GOOGL), Apple (NASDAQ:AAPL) and Facebook (NASDAQ:FB) - worth nearly $5T in combined market capitalization - added to gains yesterday even as their chief executives defended themselves in Congress against antitrust allegations. The real test will come today, when the Big Tech companies report Q2 results after the market close. On watch will be figures and trends in e-commerce, streaming, advertising, search, app services, social media and cloud computing. Will investors start rethinking the prices that they're paying for the stocks or will their market position during the coronavirus pandemic justify their valuations? Antitrust hearing roundup Rep. David Cicilline (D., R.I.), chairman of the House Judiciary Committee's antitrust subcommittee, kicked off the hearing by declaring: "Our founders would not bow before a king. Nor should we bow before the emperors of the online economy." That set the tone of five hours of grilling the Big Tech CEOs over their business practices. On the competition front, the biggest questions centered around Amazon's leveraging of seller data to introduce competing products, as well as the revelation of Mark Zuckerberg's emails about the concept of buying startups in order to "neutralize a competitor." Traders get busy Futures are kicking off a packed session in the red, with contracts tied to the Dow, S&P 500 and Nasdaq down about 1%, as Mark Meadows said the White House and Democrats were "nowhere close" on a stimulus deal. Q2 GDP figures today will likely show an annualized contraction of 34.1% last quarter, while the latest weekly unemployment claims are also expected to show an increase to 1.45M, before enhanced federal benefits expire on Saturday. After the close, four of the market's biggest stocks will report earnings within a single hour, in a move that could cause significant volatility in after-hours trading and again on Friday. On the coronavirus front, the U.S. death toll topped 150K, marking the highest official figure in the world. FOMC meeting Solid gains for indexes were seen Wednesday as the Fed left interest rates near zero and pledged to maintain stimulative measures. "The path forward for the economy is extraordinarily uncertain, and will depend in large part on our success in keeping the virus in check," Jerome Powell declared. "We're not even thinking about thinking about raising rates and it will take continued support for both monetary and fiscal policy." He also said the Fed "has no intention to buy equities" after recently purchasing corporate and municipal bonds. Both sides of the Atlantic Today is not only the busiest day for earnings in the U.S. European firms worth more than $2T, as well as 60 companies in the Stoxx 600 Index, reported Q2 results overnight. Highlights: AstraZeneca (NYSE:AZN) shares rose 3% premarket on strong drug sales, while Shell (RDS.A, RDS.B) shares inched down after narrowly escaping a loss despite a $17B writedown and one of the oil industry's most brutal quarters. Credit Suisse (NYSE:CS) simplified its investment bank structure, AB InBev (NYSE:BUD) booked a $2.5B writedown and Airbus (OTCPK:EADSY) is keeping production rates down until 2022. Over in Asia, Samsung (OTC:SSNLF) announced its Q2 operating profit jumped 23% and forecast demand for mobile devices to recover gradually in next half of the year. World's biggest smartphone vendor Huawei has overtaken Samsung (OTC:SSNLF) to become the No. 1 smartphone player in the world, an ambition it has had for several years, after taking second place from Apple (AAPL) back in 2018. The Chinese vendor shipped 55.8M devices in the second quarter, down 5% Y/Y, according to research firm Canalys, while Samsung shipped 53.7M smartphones, a 30% plunge versus the prior year. However, analysts are questioning whether Huawei's position is sustainable given the fact that over 70% of Huawei's sales in the second quarter came from China while its overseas markets took a hit. Go deeper: Qualcomm strikes patent deal with Huawei. Trade deal targets By the end of the first half of this year, China had bought about 23% of the total purchase target of more than $170B for goods in 2020, according to Bloomberg, which based its calculations on Chinese Customs Administration data. While trade has increased over the past eight weeks, with Chinese companies booking more than $2.5B in U.S. soy purchases, imports really have to speed up in the second half of 2020 to hit trade deal goals. China may still not violate the deal if it misses the target due to the coronavirus (the trade pact grants flexibility in the event of "a natural disaster or other unforeseeable event"). What else is happening... 'Nowhere close to a deal' on virus relief - Meadows. Amazon (AMZN) scraps live Reinvent conference in blow to Las Vegas. Kodak (NYSE:KODK) ahead of itself on generic drug-stoked rally - Barron's. Dollar drop plays right into these emerging market ETFs' wheelhouse. Wednesday's Key Earnings Boeing (NYSE:BA) -2.8% posting wider loss, cutting production rates. General Electric (NYSE:GE) -4.4% hit by decline in jet engine business. General Motors (NYSE:GM) -1.7% reporting mixed results. PayPal (NASDAQ:PYPL) +4.1% AH following consensus-beating guidance. Qualcomm (NASDAQ:QCOM) +13.6% AH on FQ3 beats, Huawei settlement. Shopify (NYSE:SHOP) +7% sailing past estimates. Today's Markets In Asia, Japan -0.3%. Hong Kong -0.7%. China -0.2%. India -0.9%. In Europe, at midday, London -2%. Paris -1.8%. Frankfurt -3%. Futures at 6:20, Dow -0.9%. S&P -1%. Nasdaq -1.1%. Crude -1.6% to $40.63. Gold +0.8% to $1969.20. Bitcoin -2.9% to $10934. Ten-year Treasury Yield -2 bps to 0.56% Today's Economic Calendar 8:30 GDP Q2 8:30 Initial Jobless Claims 10:30 EIA Natural Gas Inventory 4:30 PM Money Supply 4:30 PM Fed Balance Sheet
When I was at university, my perception of happiness was based on graduating and quitting my "shitty" job at the local supermarket. When I started my corporate career, I found the FIRE movement, so that perception shifted to wanting to grow my bank account and retire early to work on my side hustle.
When I did FIRE, I was so miserable, it almost broke my spirit.
First I want to extend a big thank you to this community. I have learned so much from here. There are some threads on here where I have read the replies so many times that I almost know them by heart ;) I achieved my FI by 1.Having a high paid corporate job I managed to climb up the corporate ladder in a relatively short time span not because I was so skilled at what I do, but because I have always worked on my social skills. (no that doesn't mean that I sold my ass lol) 2.Investing I started with a term deposit account then bought gold, then index funds, then individual stocks. The usual except that I also sold stock options which paid me handsomely. 3.Always having a second source of income from a plethora of side hustles that I had started over the years. - Dropshipping was the most consistent business I owned. - Day trading bitcoin was the most profitable. 4.Frugality: This is where my views diverge a little from the common dogma. I just chose not to waste my best years pinching pennies and not doing the things that I want (not necessarily need) to do. Not material things but more experiences. As an example, travelling has literally changed me as a human being and my net worth could have been a lot bigger without travelling every single year, but I believe that travelling when young is very different than when I have settled down and/or matured. My Story Early 2016, although my net worth by most calculators out there told me that I have to work for at least a few more years before I make these calculators happy, I decided that my safety net is large enough to retire and I am capable of making my side hustle at the very least cover my expenses. So I quit my job. The mornings feel so damn different when you are not a corporate slave. Everything seemed more enjoyable from getting coffee in the morning to taking random walks during the day. I started to enjoy my interactions with others so much more. Maybe the facade of the corporate world had trivialised the small things for me. Leaving my corporate job was no excuse for being lazy. I was working 14 hour days on growing my e-com business. and it was definitely paying off. I was either behind a computer screen, at the gym, or with my girlfriend. Around 3 weeks in, I started talking to walls as all my friends were at work during the day and I started feeling some loneliness. I found a job at a local gym. 3 nights a weeks. Working at a gym is something that I have always had on my bucket list. I loved it. It kept me sane. I started having what Financial Samurai calls an identity crisis. I was good at my job, financially stable. I consider myself a very confident individual. But I hadn’t realised that most of my sense of self worth was tied to my job. Now that it was gone and everyone around me including my girlfriend were still at work. My self esteem started to suffer. The gym closed. Now my loneliness was exacerbated. Combine that with a fluttering self esteem. My relationship started to suffer. I broke up with my girlfriend at the time, 4 months after quitting work. I've had many break ups, but I still carry the deep scar of this one as it represented more than a breakup. It represented the collapse my identity that I had built over the years. Viktor Frankl's A man's search for meaning describes this perfectly. I lost my purpose. Now severe depression set in. I cannot describe to you how debilitating that was. I didn't want to do anything. I literally felt that there was an invisible door stopping me from leaving my room, let alone the house. Stopped answering calls let alone talking to other human beings. I didn't even know what day it was and I didn't care. I was prescribed antidepressants and Valium. I refused the antidepressants and on a whim,pushed by my siblings, decided to travel ,alone, for the first time in my life. A silent retreat in India. Bungee jumping in a dodgy place in Thailand. Learning meditation and yoga. Scuba diving. Catching up with childhood friends and family members across different countries. I started feeling better. So much better very quickly. Then I went to Bali. I wanted to live the "nomad" lifestyle, so I signed up at Hubud and the Dojo (2 renown coworking spaces in the digital nomad community) This was life changing. One the best experiences in my life. I felt a sense of belonging to a tribe of like minded people. I was so motivated to work because the energy around me was contagious. I closed my e-com store (too many negative emotions attached to it) and started leverage trading bitcoin (on Bitmex). I bought all kinda courses, joined paid groups, newsletters and it did pay off... I was averaging $200-$300 days which is incredible for a noob. Imagine waking up, meeting up with friends for breakfast at the beach, going to the co-working space, making money, then having fun at night with your friends. You know that picture marketers paint in our heads of some dude running a business from his laptop at the beach? That's real. Then comes the wake up call. I quickly noticed that people come and go. I would develop friendships (even a great relationship) then a few weeks later, my new found friends would go back home and I'd have to start from scratch. Then the novelty of working from the beach and not answering to a boss started to lose its meaning. Also, the visa run wasn't my favorite thing to do. At that crossroad, I had a call from a recruiter who had worked with me in the past, about a new alluring opportunity. My decision was based on this: I can always go back to FIRE but the longer I stay out of the workforce the harder it will be to find a job. So I went back to the corporate world. This is not the end of my story as I know that office work will never be a long term option for me. But I had to retreat and regroup for now…. I am as usual working on a side hustle - I am still trading options. Lessons learned *I didn’t realise this at the time, but for me now, the end goal of FI isn't necessarily early retirement...but a sense of freedom. I can quit whenever I want which makes work a lot less stressful. Hell, I enjoy my work a lot more now just knowing that. *Early retirement is still on the agenda, but I will not do it alone. I will make sure that I have a better support system (a business partner / a spouse on the same journey / a team). *Loneliness is a bitch. I know that there are many introverts like me amongst you, but social isolation can literally KILL you based on multiple studies like https://heart.bmj.com/content/102/13/1009 *When you shift your paradigm, be psychologically prepared to conquer your demons and centre your self identity. You are not your net worth. You are not your job. *I understand the gravity of mental diseases a lot more now and I have a massive amount of empathy towards people who suffer from them. *Oh, and I have zero regrets. If I were to do it all over again, I wouldn't change a thing. I am grateful for the opportunity to fail and learn from my mistakes. Thank you for reading!
Online gambling legislation and regulation. Starting your own gambling product.
Mobile gambling If you plan to develop an app with the ability to deposit and withdraw real money, then such a product automatically falls into the category of gambling and you will need to license your business for successful operation. Mobile and Web Based Apps So let’s talk about the different kinds of online gambling apps available on web and mobile. We’ll be covering both free-play gaming apps and real money casino app games you can find for iOS, Android devices and web browsers. Mobile gambling is more common for poker, casino, bingo, and skill games. They have advantages in terms of a low barrier to enter the market, instant liquidity, product knowledge, and marketing expertise, minimal infrastructure costs, and the ability to bring a brand to the market quickly. Consequently, this form of gambling does not sit neatly with jurisdictional boundaries. Multiple gambling opportunities are available, including betting on various events and markets, in a relatively simple format. Gambling products can also be integrated into betting on television shows or virtual racing and sports games as well as offering lotteries, bingo, poker and casino games. Most Popular Gambling Apps Sports betting, casino, poker and lotteries are the most popular forms of online gambling. However, other forms are available too. These include the following: Bingo, slot machines, different card games, roulette and other game of chance. One of the best things about online gambling and betting apps is the number of choices you have.
Betting means making or accepting a bet on the outcome of a race, competition, or other event or process, the likelihood of anything occurring or not occurring, or whether anything is or is not true. Today most sports betting is done via mobile-friendly sites and apps.
Today most sports betting is done via mobile-friendly sites and apps.
The introduction of live betting for sports like soccer and tennis means that bettors who are sitting inside stadiums watching games can now pick up their mobile devices and find real-time betting value with the best sports gambling apps. This has really unlocked a door to the future of sports gambling and the popularity of online gambling apps.
Many sites offer free poker, where no real money is wagered, although in some cases players can accumulate credits that can be exchanged for prizes. This is the case why people are going to play for real money. There is an ongoing debate over whether poker should be classified as a game of chance or skill. The parameters of legal poker playing are still unclear and differ between jurisdictions. Since you are not gambling with money, I’m pretty sure under the law it’s just a video game for now.
Blackjack is the game of choice to many high-rollers and do you know why? Because blackjack is a challenging, logic and skill-based game where your thinking, strategy, and calculations determine the outcome of the game.
Bingo is one of the most popular and socially accepted games in the world. Bingo is a traditional form of gambling that has seen considerable innovation in recent years. It is also the only form of gambling recognized in the Gambling Act that does not have a specific statutory definition, the Act providing simply that “bingo” means “any version of that game, irrespective of by what name it is described”. Bingo must be played as an equal chance game. For game to be classed as “bingo” it must meet the Act’s definition of “equal chance gaming” (as opposed to casino gaming). Thus, it: must not involve playing or staking against a bank, and must be a game in which the chances are equally favorable to all participants in the sense that each ticket or chance has the same probability of success as any other. Licensed bingo is a well-regulated and socially responsible form of gambling that takes place in a safe environment. Many sites offer multiple forms of bingo with different features, types of games, and costs of play. These sites often cater specifically for women and some research suggests that they may appeal to markets who would not typically engage in traditional forms of gambling.
Slot machine is one of the most beloved game among the gambling community and it has been a part of the industry for a long time. They provide fun and entertainment and their simplicity allows gamers to start playing at once. This can play out in different ways depending on the machine you’re playing. For instance, there’s Pick a Fortune, a five-reel, 20 line game that puts players right in the studio of a television game show, including the potential to play a Deal or No Deal-style bonus round. A super trend over the past few years is mobile-friendly slot games. These apps and websites were developed to enable players to enjoy their favorite games on their smartphones at any time. Another dominant slot trend is licensed branded slots that are based on popular movies, television, and musicians. Virtual Money vs Real Money Let’s find out the difference between social gambling and real money gambling, as well as the differences between gambling through apps and gambling through a web browser. It can be quite confusing trawling through all the casinos, slots, and lotteries available, both through your mobile web browser as well as through mobile app stores, in the form of downloadable apps.
The main difference between virtual money and real money gambling is that the in-game virtual currency in social games and gambling-type games is used only like credits that are not paid out as winnings or anything given to player in cash, making these games exempt from gambling regulations.
Virtual money is loaded on user game accounts via in-app purchases in mobile applications or the game balance funding from a card via web based applications.
Real money gambling
Real money gambling via your mobile device is only allowed in countries where laws have been passed that allow for this type of gambling online, or there are no laws in place that prevent it. The payment systems are the legal way of services payment in the gambling app, performing as the intermediary between the gambling facility and the client. With their help, users replenish deposits and withdraw funds to personal accounts in financial institutions. If the application uses the payment system of a well-known brand, that gives players additional confidence in the resource. Nowadays, there is a wide range of payment systems, some of which operate all over the world, other systems are oriented towards the citizens of one or several countries. A number of services accept money of different world currencies, while others allow currency transactions of one state only. What is an Online Gambling Licensing The internet has a global audience, there’s no single piece of legislation that covers the legality of online gambling for the entire world. Mobile gambling doesn’t typically accept customers from every single country in the world. It often focuses on certain specific regions.
Instead, most countries have their own local laws that deal with the relevant legal and regulatory issues.
Ultimately, questions of legality all go back to the location of the casino or where the website operates out of. In closed regulatory systems, such as Italy, France, and the Netherlands, licenses, and advertising rights are limited to domestic providers, which must be located within their country’s geographical boundaries and these are only permitted to offer some types of products. Some jurisdictions, for example, Norway, Sweden, and Canada legalize and regulate online gambling, but this is limited to a single site that is owned by the government. Under such an approach, the government becomes the operator and regulator and all revenues are returned to the government. Remote gambling is generally permitted. That means that an operator that is licensed may provide gambling services to citizens in the country via all forms of remote communication (and using equipment that may be located in the country or abroad). Equally, a remote operator may be licensed to offer gambling services to citizens in any jurisdiction in the world using equipment located in the country. The law provides that, for each type of gambling (betting, gaming, and participating in a lottery), there will be two forms of license available: remote and non-remote forms (land-based). If you provide facilities for remote gambling, online or through other means, and advertise to consumers you will need a license from the licensing jurisdictions or local licensing authorities. Before an online gambling site signs up its first customer, before it accepts its first bet before the first card is dealt, it must be licensed by a recognized governmental entity.
Certain regions in the world have specific legislation in place that allows them to license and regulate companies that operate online gambling sites or provide industry services (such as the supply of gaming software). These regions are referred to as online gambling jurisdictions or licensing jurisdictions.
Depending on what type of entertainment you are going to implement in your internet establishment, you will have to apply for the corresponding permissions. Online gambling laws in Europe vary from one country to the next. The industry is well regulated in some countries and less so in others. There are several online gambling jurisdictions located in Europe. Some of these are members of the European Union (EU), and thus subject to the various rules and regulations of that body, while others are independent. Each of these jurisdictions has an authority that’s responsible for approving gambling sites for licenses that enable them to offer their services legally. They also regulate their licensees. Countries that Provide Gambling Licensing Today there are lots of licensing jurisdictions located all over the world and offering different terms for their customers. Depending on the country, licenses can be local, international (distributed in several countries), have a different set of documents for registration, costs of registration and further support, various operating conditions and other special details.
Which gambling license is both internationally recognized?
The government of Ireland offers casino operators, software, and service providers in the gambling industry, with a gambling license that allows gambling operators to conduct business related to casino, lotto, and other gaming-related activities. Ireland Gambling License is one of the most popular license for online casinos worldwide. Ireland has long been recognized as one of the preferred locations for Online Gambling operators to base their operations. This success has been due to a combination of factors, such as a progressive legislative system, political stability, first-rate telecommunications facilities, and a well established financial services industry. A wide range of gambling sites operates out of Ireland including sports betting, casino sites, poker, bingo, and more. In stark contrast, the UK is the largest regulated market for online gambling in the world, and corporations are already comfortable exploiting the intersections of gambling and gaming, betting in-play, social gaming, Bitcoin, financial trading and spread betting, betting exchanges, e-sports and, most profitably, mobile gambling. 40% and 60% of online gambling in the UK took place in Gibraltar.
Europe is home to the following online gambling jurisdictions: Alderney, Gibraltar, Isle of Man, Malta. Malta is currently the country that is most accommodating to gambling companies, and the license offers whitelisted online gambling in sports and casino games in many European territories. But takes an extreme amount of time in paperwork and background checks. Also, you pay 5% of all your gross profit to the EU.
Among countries offering gambling licensing services, the attention should be paid to Curaçao jurisdiction, which is considered to be one of the most promising for the online gaming business.
Curaçao Internet Gaming Association (also known as Curaçao eGaming) is both a regulator and a licensor, and its licensing works worldwide except Curaçao itself, USA, France and Netherlands. Using Curacao as an example, let us examine in detail the process of obtaining a license, the necessary documents and expenses. How to get a License on Curaçao
Documents necessary for company registration:
bank account confirmation;
documents proving payments for utility services.
After the company is registered, an operator can apply for the license providing the following documents:
a document certifying the right of domain possession;
description of games planned to be used in the project;
a list indicating countries of potential operation;
illustration of server locations to be used in the project;
a copy of the agreement with a software provider.
Gambling license cost:
Bank account opening $1000
Company registration $3600
Company management per year $3600
Application processing fee $1000
License fee per year $4800
Equipment/software fee starting from $1500
Server maintenance per year $6000
Apart from that pay for technical support and maintenance every year. The entire license issuing process takes between 2-4 weeks. Curacao Internet Gaming Association (CIGA) also has the power to review a license and, if it finds that an operator has breached a license condition, has the power to impose a range of sanctions including revocation of the license. Apple and Google Gambling Rules You’ll be surprised at the limited number of real money gambling app options available on the AppStore and Google Play Store. Most real money casino gaming is done through gambler’s mobile web browsers and not through mobile gambling apps that you’ll find for iPhone and Android phones. Apple allows online gambling applications in a few forms, and not just in places where it is explicitly permitted. They do not allow any payments through the applications – those have to be done on the websites. Apple has far stricter developer guidelines for iOS apps than Google does for Android apps, so it’s fine to assume that whatever you choose to download from iTunes is usually safe, secure, and meets a certain standard.
Any real money casino in the iTunes app is required to have proper licensing and permissions before Apple will approve the app for use or downloads. While Google Play is technically regulated, it is much more loose in what can be hosted.
Gambling, gaming, and lotteries can be tricky to manage and tend to be one of the most-regulated offerings on the App Store. Apple has rules for apps that support real money wagering, including sports betting and poker. Those apps and lotteries must have necessary licensing and permissions in the locations where the App is used, must be geo-restricted to those locations, and must be free on the App Store, and Apple rate even simulated gambling apps as appropriate only for users 17-years-old and up.
Google keeps the reigns tight. To be able to successfully upload apps to the Google Play store, developers need to have a valid license for the specific countries they are targeting and comply with their regulations. The app must be free to download and must prevent under-age users from gambling in the app. As a final precaution, all gambling apps are required to display prominent information regarding responsible gambling practices. This brings its policy in line with the Apple App Store. Countries where gambling is illegal It is also important to remember that while gambling is growing rapidly in many places, in others it is totally or partially prohibited. As well as in the majority of the US, sports betting is illegal in India, Pakistan, and China, three of the largest gambling markets in the world. Most countries have rules against gambling. Almost all Islamic countries prohibit gambling of every kind, but many turn a blind eye to online gambling or simply do not have regulations in place for this grey area. In the United Arab Emirates, however, any kind of gambling is prosecuted. National lotteries are the only legal forms of wagering on the Asian country’s mainland. Cambodia, North Korea strictly forbids online and offline gambling amongst its own citizens but allows tourists to participate in these activities. Qatar is the strictest country of all when it comes to gambling laws. All forms of gambling activities are considered illegal, and even sports betting is not permissible. Starting your own gambling product Numerous online casino platforms in the market offer fantastic casino games like bingo, poker, roulette, and many more.
If you have an idea, but don’t know where to start, we advise you begin with a Minimal Viable Product (MVP) to pilot your proof of concept for investors. MVP spotlights your core features and lets your investors know there are bigger and better things to come.
For MVP you do not need a large team, just a few people are enough to create a fully functioning prototype. In the case of successful numbers of your prototype, the further development of a full-fledged product will require more team, resources and time, however you will be sure that your development and your costs will pay off.
TkeyNet: release date, a brief analysis of the system, future plans
https://preview.redd.it/ayym7cl9c1b51.png?width=700&format=png&auto=webp&s=367792bdc6acdcc670345cf1d6e12865d681b21b During the development of the project, we published 3 documents about the technology that we are developing and preparing for the market. Some decisions were changed, but the main idea and goal remained the same — effective financial management. Since the ICO boom, several years have passed, blockchain and cryptocurrencies have become synonymous and are perceived only as a means of earning money and the obvious advantages of using the technology itself in combination with others are of little interest to anyone. A user, business representatives, or some government officials associate the word “blockchain” directly with cryptocurrency or Bitcoin, without thinking about using systems built on a distributed registry in the current reality. As we mentioned above, during the development of the project, several documents were published in which we announced our technology and clearly said that we are mixing modern concepts and approaching the market from an economic and scientific point of view, borrowing the best from Bitcoin, Ethereum, DASH, and other alternative currencies. It is important to note that the concept of Bitcoin or Monero will be different from the concept of TkeyNet. These are other areas and practical application that some market participants may perceive as similar, but this is far from the case.
The idea of Bitcoin is beautiful, even if it has not yet been accepted by society as planned, but at least the idea of using Bitcoin as a means of accumulating value and storing savings has a place to be. Bitcoin actively strives for a high price mark and dominates the market by more than 50%, and this is a great result. Bitcoin set the necessary vector for many developers around the world, people were able to review the systems used and make their own decisions based on the Bitcoin core, for example, DASH or Ethereum, and users, in turn, learned about such a phenomenon as cryptocurrency. In General, what was this introduction for? That TKEY should be considered as a universal asset, without defining it as a cryptocurrency. The question may immediately arise, why is this so? It doesn’t have explicit currency properties? Bitcoin also does not have the properties of cash but is called a cryptocurrency, and the types of applications of the peer-to-peer payment system Bitcoin and TkeyNet can differ significantly from each other. https://preview.redd.it/3qfe582cc1b51.png?width=700&format=png&auto=webp&s=406f3c93314c473f9b9c9512e543fa33c6211067 The purpose of this publication is to tell you about the new features of TkeyNet, when the official transition to the new Protocol will take place, and why TKEY is a universal asset that simply needs liquidity? In General, we will talk about the clear advantages of switching to new technologies that we have been striving for so long and about your benefits of using them accordingly.
What is TkeyNet, and what are its advantages?
TkeyNet is an infrastructure that combines various solutions for users, businesses, and the public sector. Secure corporate networks, payment processors, liquidity, cross-border payments, trading tools, information security, instant exchanges, investment tools. One platform — millions of opportunities. https://preview.redd.it/bwewihsdc1b51.png?width=700&format=png&auto=webp&s=4bfc1343b46a1eb51f0b972cac509cc1893f3fa4 When creating TkeyNet, we immediately turned to e-cash protocols, concepts of electronic currencies, considered the movements of Bank international transfers, and also drew attention to the obvious complexity of these systems. Therefore, to build a high-quality architecture of TkeyNet, the team took as a basis — blockchain technology, cryptography, payment and banking system, electronic cash protocols, exchanges, stock markets, DHT, and other p2p networks. Now more than ever, businesses, users, and most financial market participants need reliable and modern systems that will meet the needs of the market. For example, a user wants to quickly send funds to another user, and they do not want to think about how the blockchain works and who the “miners” are and what they do for the network. Any of us want to open the app and click a few buttons on the screen to pay for a particular service or send money to relatives abroad and the most importantly, know that the funds will reach you quickly and with a minimum Commission. Or let’s say you came to India, you have some funds in Bitcoin, but you would like to pay for your purchases in the local currency — the Indian rupee without extra conversions. You are the owner of a payment system or Bank, and you want to receive % for conversion transactions, or banks want to create their consortium for cross-border payments. Either you are an entrepreneur and plan to open an exchange or trading platform for trading various assets, not necessarily digital, but, for example, gold and diamonds, or you are a young and purposeful startup team and want to quickly launch your Digital Bank, or you do not want to do business, and you have several million euros or dollars, you want to get % of their use. https://preview.redd.it/hkv2xcpfc1b51.png?width=626&format=png&auto=webp&s=4ae497765a2d02b66046d5a112eb0dd4f1eeb0bc TkeyNet makes these features available to all participants. As we can see with you, there are quite a lot of use cases, and it may seem that TKEY is again torn into 100500 different directions, but this is far from the case. Here, a specific and clear direction is Finance and its movement.
How TkeyNet works
Remember, we said that — “to develop the platform on a global level, it is necessary to reach a consensus between government regulation, business, and society. We understand that it is impossible to achieve 100% of this, but it is possible to create favorable conditions favorable to all parties.” How will the system work? All participants are connected to the system using TkeyNet technology that allows the financial gateway to control their transactions with increased speed, transparency, and efficiency. Independent verification servers constantly compare their transaction records. To hack the system, you will need to get access to all the devices that are logged in. https://preview.redd.it/ltwgjrhhc1b51.png?width=700&format=png&auto=webp&s=413d03504eafa2b496cf99d837b6a2a1c9ba6818 TkeyNet solutions offer a cryptographically secure, end-to-end payment flow with the immutability of transactions and redundancy of information contained in them. It is developed to meet each financial gateway’s risk, privacy, and compliance requirements. Since the software is developed to be easily integrated into the existing financial infrastructure, it minimizes any integration costs and failures, and also meets international standards (ISO, etc.).
TkeyNet can be a neutral utility for financial institutions and systems
A gateway is an organization that allows users to invest money and take money out of a pool of liquidity. The gateway accepts currency deposits from users and issues balances to the TkeyNet blockchain. TkeyNet Protocol provides a single source of truth for counterparties while maintaining the confidentiality of payment data of Bank clients. TKEY is a universal bill (digital obligation) in the distributed registry TkeyNet. Gateways install specialized software for interacting with the distributed registry and other system participants. Users, brokers, and other participants interact with the system via mobile or web interfaces. Gateways act as a link between the distributed registry, brokers, users, and other services that allow you to make quick transactions. https://preview.redd.it/igdiw4tjc1b51.png?width=700&format=png&auto=webp&s=3a25f8f6b74a0cebf2450d05a7bf7c675547e624 The participants of the system make payments between themselves by using cryptographically signed transactions denominated in digital obligation. This type of transaction uses an internal registry. In the case of working with Fiat currency and other assets, such as securities and precious metals, the registry records the amounts owed with assets presented as debt obligations. All accounts and transactions are cryptographically secure and verified algorithmically. Payments can only be authorized by the account holder, and all payments are processed automatically, without any third parties or intermediaries. The TkeyNet Protocol checks balances and accounts inside the system for transferring payments and sends payment notifications with minimal delay, which ensures fast calculations in the system. For more specialized solutions can be created by the Central gateways and the gateways just. A Central gateway is an organization that allows users to invest money and take money out of the liquidity pool. Gateway is an organization that interacts with the Central gateway. Accepts and exchanges digital liabilities for other assets, such as securities. TkeyNet globally reduces the number of different expenses and automates operational tasks, simplifies and reduces the cost of conducting monetary transactions, and improves traditional financial services. We understand that it is not easy to tell all the principles of the TkeyNet system in a single publication, especially one that deals with neither one nor two issues. Therefore, you should consider this material as a basis, a base that will help you learn the information that is related to the TkeyNet Protocol most easily after the release of TkeyNet. Moving a little away from corporate solutions, we suggest you recall some theses from our roadmap, which was published on the official website in the period from September 2018 to November 2019:
As before, you can easily and quickly send TKEY to any member of the network and TKEY will have liquidity on the exchange also, TKEY allows you to fast exchange for euros, dollars, or other currencies. https://i.redd.it/qapkdnvoc1b51.gif For the interface, the applications will display functions of digital assets 1:1 to a particular currency, for example, TKEY to RUB, TKey to EUR, or TKEY to Dirhams or TKEY to the pound and vice versa, respectively. https://preview.redd.it/0ipx86fqc1b51.png?width=700&format=png&auto=webp&s=a406e9c0f181a5d0b1ecde347511954ba61bf433 Therefore, as we said above, TKEY should not be regarded as a cryptocurrency, it is a universal unit inside the system TkeyNet, which may refer to transaction information as exchanges of obligations between banks and transaction TKEY -> TKEY between users, or to carry information about the exchange on the exchange or the exchange of digital assets or gold variations quite a lot, for most of the functions we describe in the release day TkeyNet.
What are the advantages for companies and developers?
First of all, we strive to open the doors for all platform participants. Only through synergy and cooperation can we accelerate the pace of development of the entire system and the introduction of new technologies in the market. The platform will open doors for developers, who in turn can create technological solutions based on TkeyNet. A working environment will be created, and integration with the TkeyNet platform will be as easy as with the documented SDK or plug-ins. In the course of development, API documentation and ready-made SDKs for developers will be published. https://i.redd.it/31x1k7gsc1b51.gif This will make it easy to use and implement TkeyNet technology in various types of applications, for example, you want to create fast exchanges, we provide you with a framework, back-end, and API, and you create a front-end and launch your service, get your Commission, and are an independent project in the market. An important point is that integration into the existing infrastructure takes place while maintaining the decentralization of the TkeyNet system so that all its internal and external operations remain confidential and verified at the same time.
What are the advantages for users?
This means getting a universal tool for working with financial markets and easily converting an asset into any other asset: euro, dollars, or gold. https://preview.redd.it/ol4964huc1b51.png?width=626&format=png&auto=webp&s=7fedfc9009201cb8c392be3f214f285d003c0d95 Also, TKEY owners should clearly understand that the more the system develops and there are more participants, namely the corporate segment, projects, and partners, the company will be more stable and thus the project assets will grow stronger. The popularity of the platform and trust in it directly affects the price of assets, these are the key points of growth signs, the wider and more influential the spread of the company in various areas, the higher its performance in the market.
When will the long-awaited transition to TkeyNet take place?
What changes will be made to the products?
As you understand, everything will change, and this is for the better. At a minimum, products will become faster, lighter, safer, and more versatile. Changes and new releases will be released as soon as they are ready. In TkeySpace, the TKEY libraries will be rewritten under TkeyNet. A web version of the wallet will appear, and eventually, an application with an exchange interface will be released for quick trading and exchange of various assets, not limited to digital ones. The Tkey Messenger will be adapted for TkeyNet and will be released for previously announced platforms: iOS, Android, Linux, macOS, Windows immediately with the ability to translate directly in the messenger. We will tell you about the messenger architecture on the release day.
All changes and releases will be published and announced after the release of TkeyNet.
What is radically new in TkeyNet?
There will be funds, the Protocol will become much more universal, as well as the TKEY itself. The Protocol will also exclude the possibility of attacks that could have been in Core 1.0, also, the principles of the platform will change. We will publish all technical specifications on the day of release.
Timeline for switching to TkeyNet
The transition to TkeyNet will not take place until August 2020. We will release news and instructions for switching to TkeyNet, so we recommend that you subscribe to the newsletter immediately: https://tkeycoin.com/en/newslette.
Listing on crypto exchanges
The liquidity of the TKEY asset is urgently needed for the development of the entire TkeyNet system, so the company will provide trading platforms for TKey trading and exchange.
The introduction of technologies using digital currencies will create the fastest transition of users and the corporate market to a new level. FinTech direction makes it possible to manage finances in the most efficient and secure way, without violating the law. This system simplifies, reduces the cost of conducting monetary transactions, and actually improves traditional financial services. The solution is interesting to everyone who works with money and is used to getting maximum efficiency from it: business, investors, traders, users of banking solutions, the corporate segment, etc. When using the system, large businesses get solutions for interacting with customers online, without using specialized points. We, in turn, are open to various offers and cooperation on flexible terms. If you have any suggestions or interesting concepts, please contact us at [[email protected]](mailto:[email protected]).
8 times of online appreciation, only GFS will rise in 2020
https://preview.redd.it/dftun04vml451.png?width=724&format=png&auto=webp&s=f0c667cbc5d0de39f0bf113e9941b0c7f9cb072f GFS over 8 times in two weeks! With the continuous improvement of blockchain technology status, digital currency is being sought after by investors, bitcoin, Ethereum and other major mainstream currencies are rising, the certificate GFS of Forbes, the blockchain 4.0 cross chain protocol system, has also broken by $0.8, and the GFS online has increased by more than 8 times in less than two weeks, becoming the best investment target worthy of 2020! ■ global financial market downturn, digital currency is good The financial market in 2020 can be described as double hot and cold days, with a sudden outbreak of a new crown epidemic and frequent black swans. In March, the U.S. stock market fused four times in 10 days, the Brazilian stock index fused, the Canadian S & P / TSX stock index fused, the crude oil futures fell to a negative number, and the panic of investors spread in the financial markets of various countries. On the other hand, through a series of major events such as the Fed's interest rate cut, the global outbreak, and the stock market circuit breaker, the risk aversion of digital currency is becoming more and more obvious. In terms of supervision, under the favorable national policies of the United States, Singapore, Japan, India and other countries, the digital currency is being sought after by investors. ■ GFS up to 800%, or the first 100 times in 2020 All of the above have laid the foundation for a new round of bull market of digital currency, with major mainstream currencies rising one after another. In 2020, the well deserved king of digital assets is cross chain commercial blockchain Forbes, whose token GFS has been online for less than two weeks, has risen more than eight times, surpassing all mainstream digital assets. The rise of GFS is nothing more than normal. A good digital asset, in addition to having excellent technology, its blockchain itself must solve practical problems, as an incentive means of digital assets to have value. Bitcoin provides a secure and stable decentralized bookkeeping system, while BTC, as the digital asset of bitcoin blockchain, is used as bookkeeping fee, so BTC can be the number one in digital currency. BTC has a stable use and use scenario, and the rise is natural. ■ Growth Logic of GFS From a technical point of view, Forbes brings a brand-new blockchain financial ecology, which creates a truly usable cross chain ecology, helps traditional industries, especially the financial industry, realize chain reform, and makes various commercial applications run smoothly on Forbes. The core technology of Forbes is cross chain. Great projects must have great genes. Forbes is co sponsored by cryptopunk members and some Wall Street practitioners. As we all know, Nakamoto, the initiator of bitcoin, is from cryptopunk forum. In addition, Wikileaks founder Assange is also from cryptopunk. Forbes team recognized that in the current blockchain field, due to the status quo of isolated islands between chains, the blockchain financial business could not be carried out. Cross chain is the top priority. From the strategic layout shown in the Forbes white paper, GFS clearly has long-term investment value. At present, GFS has created typical applications including: Forbes cross chain protocol, dpoc mining machine, Forbes Global Mining pool, one-stop digital asset storage management wallet Forbes wallet, etc. Any of these combined with the cross chain technology breakthrough of Forbes will give birth to a new and solid landing to realize the benign circulation of GFS in the ecosystem. In the future, the great ecosystem of blockchain business application will be built on the basis of Forbes, including but not limited to decentralized exchanges, blockchain securities market, supply chain, payment management consumption application, lending, food, clothing, housing and so on. ■ infinite GFS potential, thousands of times of value At present, the global financial assets have encountered black swan, and the overall market is relatively low. However, Forbes' new ecosystem across the region has demonstrated its ability to resist risks. As one of the most anticipated projects in 2020, GFS has obvious advantages over other projects. First of all, GFS is not a one click token. As the fuel consumed in the cross chain process, GFS uses dpoc, a common algorithm for hard disk mining. The total amount is constant 21 million, no additional issue is allowed! No team pre excavation! GFS is 100% mineral currency, and the biggest feature of mineral currency is the anchoring mining cost. For example, the current price of bitcoin is 8500u. A large part of the reason is that the mining machine, power and other costs are 7000u. The digital currency with the support of calculation is really valuable. Secondly, we should mention the ecological application of GFS. According to the project white paper, GFS's main uses are:
Main chain gas. It's easy to understand that any node transferring money on the GFS blockchain needs to pay gas just like bitcoin, which is a long-term demand. As Forbes blockchain involves cross chain, transfer between main networks is indispensable, and the daily gas fee is absolutely not low.
Cross chain gas, that's great. To initiate cross chain transfer, cross chain transaction and cross chain data transmission on Forbes, the nodes need to pay part of GFS as cross chain gas. Many Xiaobai don't understand the value of cross chain landing. Let's give a random example: the exchange. At present, the exchange is generally centralized, and it needs to pay a handling fee for one purchase and one sale, which is very high (22-55). Therefore, several large domestic exchanges have made a lot of money. However, if the cross chain transaction is decentralized through Forbes' cross chain system, the handling fee only needs to be paid once, and the fee is only 1 / 100 to 1 / 1000 of the current fee, which will bring a revolution to the exchange from abroad. How much revenue will Forbes get from this alone? Let alone the handling fees of financial derivatives such as futures and options. The realization of cross chain is likely to unify the encrypted financial market. Think of Ethereum, because of the creation of smart contracts, the price has doubled 10000 times in five years. How about cross chain GFS? I can't imagine.
DAPP fees, it is self-evident that DAPP will replace the centralized app in the future. The reason why DAPP can't develop now is obvious. It can't cross the chain! Can DAPP over Ethernet be switched to EOS? Can users on both sides use the same set of account books? No, it needs to be solved by Forbes cross chain protocol. Similarly, Forbes charges a small fee for GFS. But in such a large market, there is definitely a lot of money.
In addition to the application of GFS, the mining pool has the function of early securities pass, that is, holding GFS would like to have the mining pool income dividend, what is the point? Bitcoin. At present, the number one digital asset is a solid hard currency.
https://preview.redd.it/p56gxe2fnl451.png?width=1307&format=png&auto=webp&s=c2dde5f4df4dca8a3e98967b8b26538660a034fa Not to mention the influence of cross chain stable currency kusd and the high-speed growth brought by the small amount of circulation in the early stage of the project. Forbes will land on at least 10 secondary market exchanges in 2020, according to officials. In 2021, it will be listed in one of the three exchanges. At present, one of the three exchanges has reached in-depth cooperation with Forbes. The global ecosystem on the chain, as well as the real industry in the distribution, have become the support of GFS value. Therefore, GFS currently shows a far higher yield than other currencies. According to the professional estimates of rating agencies, the growth rate of GFS this year is about 180 - 900 times. It is worth noting that, according to the latest official news, the Forbes miner alliance plan has been launched. In the early nodes, Forbes mining pool can be set up, free participation in computing lease, zero cost mining and GFS reward can be obtained. It only needs to mortgage a certain amount of deposit, and the deposit is returned through the smart contract every day, and the income of 2.8 times the amount of deposit is obtained. To form a group of miners, you can also get corresponding recommendation rewards. Within two weeks after the launch, it has soared more than 8 times, representing that Forbes cooperative enterprises and communities are all optimistic about its future performance. In fact, Forbes technology has been highly recognized by global communities, nodes, global mining pools and head exchanges. The popularity of Forbes is expanding step by step. Forbes has ignited the enthusiasm of the community and investors. The liquidity in the ecosystem is developing well, and its value is expected to be thousands of times. 2020, Forbes, only up!
The global economy is inevitably moving towards a digital eco-system. From investment to money transfer, everything is going paperless. The global economy is inevitably moving towards a digital eco-system. From investment to money transfer, everything is going paperless. The newest and most promising addition to the digital payment sector is cryptocurrency. A cryptocurrency is a medium of exchange like normal currencies such as USD, but designed for the purpose of exchanging digital information. Cryptocurrency is defined by Investopedia.com as a decentralized “digital or virtual currency that uses cryptography for security” making it difficult to counterfeit. Since it is not issued by a central authority, governments can’t take it away from you. Over the last couple of years, digital currency has been rapidly gaining the public eye. Here are some good reasons behind it.
Fraud-proof: When cryptocurrency is created, all confirmed transactions are stored in a public ledger. All identities of coin owners are encrypted to ensure the legitimacy of record keeping. Because the currency is decentralized, you own it. Neither government nor bank has any control over it.
Identity Theft: The ledger ensures that all transactions between “digital wallets” can calculate an accurate balance. All transactions are checked to make sure that the coins used are owned by the current spender. This public ledger is also referred to as a “transaction blockchain”. Blockachain technology ensures secure digital transactions through encryption and “smart contracts” that make the entity virtually unhackable and void of fraud. With security like this, blockchain technology is poised to impact nearly every segment of our lives.
Instant Settlement: Blockchain is the reason why cryptocurrency has any value. Ease of use is the reason why cryptocurrency is in high demand. All you need is a smart device, an internet connection and instantly you become your own bank making payments and money transfers.
Accessible: There are over two billion people with access to the Internet who don't have rights to use to traditional exchange systems. These individuals are clued-in for the cryptocurrency market.
You are the owner: There is no other electronic cash system in which your account is owned by you. How it started? Bitcoin was the first decentralized cryptocurrency introduced in 2009. Bitcoin uses the blockchain technology and has outperformed gold generating a 155% annualized gain over gold’s 6% annualized loss over the last 5 years. Its price in July 2010 at 0.06/coin USD is now worth over 4000.00/coin USD today, making it one of the biggest investment phenomenon in modern history. Since 2009 blockchain technology has gained momentum. Not only because of the tremendous spike in Bitcoin’s worth, but also through an increased awareness of its importance and greater trust among the investors. Recently, major banking institutions and technology companies such as Intel, Barclays or Walmart have invested their time and money into the promise of cryptocurrencies like Bitcoin and Ethereum. This has led to countries with weakening currencies to adopt digital currency to take the place of traditional notes that have depreciated. Some of these early adopter countries include Brazil, Colombia, Turkey and Venezuela. Wealthy countries are also exploring adopting cryptocurrency as legal tender. According to a report by Bloomberg, the central banks of Japan, European Union and Holland are currently conducting research projects and trials on digital currencies. India Impact
The cryptocurrency revolution is also spreading to India, where Prime Minister Narendra Modi has reduced circulation of cash bills to steer the country towards electronic payment ratification. The Reserve Bank of India is now looking into the newest wave of the future -- cryptocurrency. A year ago, the Indian government decided to take harsh measures against “black money”, funds earned on the black market on which income and other taxes have been evaded, and tax evasion by removing two of their highest value banknotes from circulation resulting in removing over 22 billion banknotes in circulation. As a result, citizens worried about losing their savings, switched to cryptocurrency to preserve their funds resulting in a trading volume spike of cryptocurrency. Since cryptocurrency is decentralized, Indian regulators are currently working on a legal framework regulating cryptocurrencies such as Bitcoin as well as the central bank of India is developing their own blockchain resulting in its very own cryptocurrency that will be called “Lakshmi”. Blockchain technology has also enabled companies to change the way they operate digitally. Through Initial Coin offerings (ICOs) companies are offering their digital tokens for sale. While many companies raising funds through ICOs are unregulated and lack validity, companies such as 1World Online, an established Silicon Valley company, already have a working product. The blockchain economy is worth more than 100 billion dollars to date and the future of its adoption is being championed by people around the world and companies, such as 1World Online, that are using tokens to enhance their platforms--and reward users. India, with its large base of consumers, engineers, and entrepreneurs, is poised to become a world leader as more and more blockchain participation, investment, development, and mining occurs within its borders. Are you ready to join the future of the online economy? Feel free to contact for further enquiry.
Weekly Update: Mini-Parenas, Hydro AMA on Uptrennd, Wibson app update, SelfKey’s $KEY on Hotbit... – 24 Jan - 30 Jan'20
Hi Parachuters! Here’s part IV of VII as we catch up - your week at Parachute + partners (24 Jan - 30 Jan'20): In this week’s Parena(s), Cap hosted mini-Parenas (smallest, 2nd smallest, 3rd smallest) this week along with a main Cloodfest which Jeff won to take home 25k $PAR. We also had a special 2nd quick subsequent Parena between Nathan and Foo to determine the 3rd and 4th positions. Alejandro will be hosting a CoD flash game in gun game mode next week in the Parachute War Zone. This week Doc Vic hosted an NBA and Soccer raffle. Bose's History Trivia in TTR was super fun and had 2k $PAR in prizes per question. Gamer Boy’s math trivia had TTR fans reaching for a calculator. Haha. Foo hosted another intense trivia in TTR as well. Afful held another one too for 1k $PAR prize per question with a 10k $PAR prize pot. Cap joined a Y Combinator startup school session to network with other entrepreneurs and gain insights on product growth. Congratulations to Aims1 for winning the #parttrenjraffle (shared in the last update) and becoming the proud owner of two rare collectibles. Gian hosted a rapid round of name-a-tennis-player for $PAR prizes to mark the Australian Open underway. TTR launched a GIF contest this week with a 40k $PAR prize pool. Sweet! Chris announced the restart of the Parachute Super Bowl Squares with a prize pot of 1M $PAR. Whoa! For this week's Two-for-Tuesday we had folks posting songs "featuring bands with amazing guitarists". Great theme GC! For #wholesomewed Jason got Parachuters to talk about pets they wished they had. In the latest #FPL update shared by LordHades, the top 3 spots are still occupied by LH, Alexis and Novel Cloud. Click here for the full update. Some neat feedback on ParJar from the Y Combinator startup school session Cap: \"a sneak peak at a one pager we're cooking up\" The aXpire team was in India this week for a workshop geared towards the release of Bilr. 20k $AXPR burn for the week happened like clockwork. 2gether’s consumer spending report (which was released last week) was covered by Coin Rivet this week. Check out 2gether’s 2019 journey, here. Spanish speakers, you can listen to Founder Salvador Casquero’s thoughts on digital business which he shared with AEFI Fintech Association here. FunOntheRide’s new tutorial video explains how the 2gether card works. This week’s #XIOSocial discussions revolved around high-value-no-profit companies and Citizen’s thoughts on “inverted lending platform”. Read about how to earn to earn crypto and about the SMS industry from Birdchain’s blog. Still waiting to check out the 3 new communities on Uptrennd? Click here to have a peep. If you didn’t know this already, you can now create polls on your posts on Uptrennd. Cool! Click here to read about more updates. Hydro crew sat down for an AMA with the Uptrennd community and gave away 100k $HYDRO tokens for the best questions. Jeff’s interview of Zero Collateral DeFi came out this week. You can read about it here. Congrats to the winners of the Uptrennd Meme Contest. Those were hilarious! For a sneak peek into Uptrennd 2.0’s designs, click here. Steven Aitchison's (CYT Crypto) latest video features the platform. Have a look! The District0x community voted to have industry news in the next DApp Digest stream. For the latest District Weekly, click here. Hydro made it to Crypto Weekly’s list of 250 crypto companies to watch in 2020. The Hydro team wrote about Financial Health Check and Emergency Savings Fund tools to get you prepared for a rainy day. Their article on challenges during digital onboarding processes at banks should be an eye opener for legacy organisations. Epic work Artefe Crypto Art! How will Digital Identity Management play out in the Hydro Pay app? Click here to find out. Silent Notary’s AMA with Quora Inner Circle was last week. Its transcript was released this week. This week they appeared for an AMA with The Block Circle. The Ubikiri app was released this week to the App Stores. Winner of Round 1 of Traders Battle was announced. And just like previous weeks, they posted daily summaries of dev work progress (1, 2, 3, 4, 5, 6, 7, 8, 9). Uptrennd 2.0 early previews look great! Sentivate’s $SNTVT token is now supported on the Enjin wallet and does not need to be added as a custom token. Ahead of ETHDenver, where OST’s Pepo app is the official community app, a guide was published. The latest update allows login with a multitude of IDs. CEO Jason Goldberg was interviewed by Jason Nelson (Crypto Insights Journal) where he talked about community building on the blockchain. Check out this blog post by State of the DApps which discusses unique use-cases of Pepo. SelfKey’s $KEY token is now tradable and playable on Play Royal. To celebrate the occasion, competitions were launched with prize pools worth USD 6k in $KEY tokens. The token was also listed on Hotbit and InstaSwap this week. Click here and here for sneak peeks into the SelfKey mobile app under development. Constellation CEO Ben Jorgensen spoke at the Crypto 2020 Summit this week. Community member Constellation LV is currently working on a Ledger app for the project. Click here for a preview. A Russian language section was added to the website. CTO Wyatt Meldman-Floch demonstrated how double spend attacks can be prevented. In Yazom’s January update, founder Sanjé Witter shared that the open beta was on course for release in a couple of months. Pynk’s Rose AI continues to learn and self-improve through advanced algos and inputs from Super Predictors. Read more about it here. Unsure what crowdfunding and seed rounds mean? Pynk will be raising through this mechanism soon. In preparation for it, they released an article to explain what it is and how to pre-register for it. Plus, an article on compounding explains why it is so powerful. A new update for the Wibson app was released this week. The latest version of their protocol paper covers secure data exchange and batch payments. Harmony’s $ONE token swap was covered by Coindesk and BeInCrypto. BitMax launched a BitTreasure event where users earn interest on $ONE deposits. Harmony hosted a dev community meetup in SF in collaboration with Polkadot, Taxa Network and Nervos Network to discuss on Web3. GET Protocol crew appeared for an AMA with Cryptoverse this week. GUTS Tickets got featured on Finnish tech blog Tivi. Crypto Jen (Jenny from the Blockchain) joined Global Crypto Alliance as an advisor this week. $CALL is now supported on Eidoo wallet. The transcript of last week’s COTI AMA with tehMoonwalkeR can be seen here. COTI released incentive plans to reward its TestNet node operators. TxBit exchange announced its support for DoYouTip’s $DYT token swap. ParJar holders will also have their tokens swapped automatically. And with that, it’s a wrap for this week at Parachute and partners. See you again soon. Cheers!
Sharering (SHR) I believe this one is going to surprise so many. Already generating revenue and doing buybacks every week. Already over 10 000 registered users. Mainnet + app + masternodes and staking before EOY.
I got this stuff from Steve Aitchison, he wrote this review and posted it on Uptrennd. Figured I should put it on here as well since I truly believe this is an incredible moonshot. I'm personally holding SHR myself and am very convinced it will do extremely well. Give a read through it and you will immediatly see why. Enjoy guys. Introduction Imagine for a second the following scenario. You are a 2 car family. One car is used every day going back and forth to work, for shopping, all the little jaunts you and your husband like to go on. Your grown children are at university and come home for the weekends so the other car sits in the driveway all week and doesn’t get used during the week. What a waste of a perfectly good car. You think to yourself we could put that car to good use and actually help to pay for university fees, by renting it out during the week. However, then you think “well it’s only a little Ford Fiesta who’s going to want to rent that.” Well, it turns out a lot of people want to rent it and for a good price: £34 ($40) per day, a possible $800 per month. Peer to peer car sharing has grown massively over the last few years and people are making serious money by letting our vehicles on a daily basis, emulating the Airbnb model. In fact companies like Turo, Getaround and Drivy, which has just been acquired by Getaround for $300 Million, are bringing in serious investors like Toyota, Softbank Vision Fund, Menlo Ventures, and IAC to the tune of over $800 Million. A key difference between rental companies and peer to peer is that they have vastly improved technology with app interfaces that make locating assets and resources, reserving and using them, and making payment convenient and seamless. This, combined with location-specific analytics, allows by-the-minute access to assets and resources (e.g. cars or bicycles) and enables customers to pick up and drop these assets where and when convenient. Car sharing is just one example of an industry that is being disrupted. We have seen, experienced and read about the amazing growth of Airbnb which is now estimated to be valued at $38 Billion. Airbnb has been so successful that companies like booking.com are trying to get in on the act by adopting a similar model when it comes to booking accommodation. There is also the phenomenal rise of bicycle rentals which we see in cities all over the world, not quite the same as peer to peer sharing, but it’s another rental model that is ripe for being disrupted by the new sharing model. With this business model in mind what other areas could it be used in: Transport: Used for the rental of cars, trucks, scooters, trailers, and even heavy vehicles. Delivery Drivers: Facilitate booking and payment for delivery drivers. Agriculture: Garden sharing, seed swap, bee-hive relocation, etc. Finance: Peer to peer lending Food bank, social dining Travel Tours, shared tour groups Real Estate Airbnb, co-housing, co-living, Couchsurfing, shared office space, house swapping. Time: Labour, co-working, freelancing Assets Book swapping, clothes swapping, fractional ownership, freecycling, toy libraries. Transportation Car sharing, ride-sharing, car-pooling, bicycle sharing, delivery company, couriers And so much more! This newly emerging, but highly fragmented sharing industry, is currently worth over $100 billion. It is predicted to grow to at least $335 billion by 2025. As you can see from a few examples above the sharing economy has a lot of room to grow but what it doesn’t have, yet, is a company who can facilitate ALL of the above use cases in one place. That is until now! ShareRing is disrupting the disruptors by bringing everything together in one place and making it easy for you and me to share anything and everything and making it as easy as opening an app on your phone. Business Case The sharing market has exploded over the last several years. This is due, in part, to the digital age we live in, as we now have over 2.82 Billion people with smart phones around the world. It also due to how easy the business model of sharing lends itself to the digital world, and how with the simple installation of an app we can access a plethora of markets to rent almost anything from. Due to this rise of digital platforms and the proliferation of smartphones, revenues coming from sharing economy platforms are only expected to increase. It is estimated to grow to a $335 billion industry in 2025, compared to its $14 billion value in 2014. (PwC UK). The beauty of the sharing economy is that it is a win/win/win situation for the person who wants to rent something for a few days or weeks, the person who is renting out, and the company who facilitates the ease of the transactions between the renter and the person renting out. Typically the renter will save a lot of money whilst renting out someone else’s apartment, car, bicycle, clothes, dog sitting services etc and they can almost be assured of quality due to the social side of the business model with reviews from real people. The person who is renting out can make additional income and will want good reviews and therefore keep the standard of service higher. The company that is facilitating all of this can make a lot of money on transaction fees, as well as from advertising, and partnership deals, and obviously have an exit strategy for possible buyouts. When it comes to looking at the business model, ShareRing fits in to the Commission Based Platform as described in Ritter and Schanz study where they looked at the core difference in difference business models of the sharing economy: Singular Transaction Models, Subscription-Based Models, Commission-Based Platforms and Unlimited Platforms.) Commission Based Platforms are dominated by (at least) triadic relationships amongst providers, intermediaries and consumers with a utility-bound revenue stream. These business models enable their customers to switch between provider and consumer roles by creating and delivering the value proposition. Only a few employees work for the intermediary and the value creation and delivery is externalized. From a consumer perspective, consumers are empowered to collaborate with each other and to design the collaboration terms by negotiating the terms and conditions of the content, creation, distribution and consumption of the value proposition. Depending on the orientation of the value proposition, consumers purchase commodities (Tauschticket, ebay), access commodities in a defined timespan (booking.com, Airbnb) or buy services (uber, turo) from occasional and professional providers found via an intermediary. The intermediary mainly focuses on nurturing a community feeling and reducing exchange insecurity by incorporating rating systems, micro-assurances and standardizations of payment and delivery into the platform. The platform mainly takes commissions for successful matching and executing trade. (Journal of Cleaner Production Volume 213, 10 March 2019, Pages 320-331) The USP of the ShareRing Business Model The USP that ShareRing has is that it brings all of the different forms of sharing together in one app through partnerships and onboarding of users. No other company, to date, is bringing everything together in such a way. However there are other factors that make ShareRing unique, which we will look at. Token Economics SHR is a utility token and will be used to pay for transactions on the network, such as 'new booking', 'add asset', etc. SHR is used by providers to pay for their access to the ShareLedger blockchain, including the addition of assets, renting out of assets, adding attributes, adding smart contracts, and other features. SharePay (SHRP) is used by customers to pay for the rental of assets. Masternodes will also be a main feature of the SHR token. When a transaction fee is incurred, it will be distributed in a way that allows for masternode holders who provide a service to the platform to receive a reward from each transaction. Transaction fees are charged to sharing providers in SHR. The distribution of transaction fees will be as follows: 50% - will be distributed amongst the active masternode holders who host an active node on the blockchain at that point in time (these holders provide a service to the platform). The distribution will be based on a calculation of the Total Amount Staked and the total continuous uptime of the node. 50% - will be provided to ShareRing Ltd (view ShareRing owned masternodes) for various purposes that contribute to working capital and platform growth. Leased Proof of Stake Consensus ShareRing have chosen the Leased Proof-of-Stake protocol as the consensus algorithm for ShareLedger. This choice is based on the practicality and security benefits evident in the Waves platform. It is also much more cost effective than Proof-of-Work (POW), and will not suffer from the current issues Bitcoin and other POW cryptocurrencies are facing such as scalability and electricity consumption. As explained above master nodes will be a main feature but there is the other feature of lightweight nodes. A user with a lightweight node will be able to stake their tokens to a full node of their choosing and participate in reaching consensus. They will also be free to cancel their leasing at any time as there are no contracts or freezing periods. The more tokens that have been staked in a full node, the higher the probability the node will have in producing the next block. Since the reward is given based on the total number of tokens staked in the full node, there will always be a trade-off between the size of the full node and the percentage of the reward. As an average user of the platform, you will not need to have technical knowledge on how to set up a node nor will you have to download the entire blockchain in order to stake your tokens. Only a user who sets up a full node will be required to do this, making it simpler than ever for users to earn a reward for supporting the platform. The return expected for staking is expected to be around 6 - 8% although this has yet to be confirmed. Buybacks ShareRing are currently implementing a series of buybacks which started in the beginning of November: The buyback operation is done at a random time during the week. If there is enough liquidity, SHR tokens will be bought through a single market order at the time of buyback. In case there is not enough liquidity, a limit buy order at last sell order price will be placed on the market, and will remain open until it gets filled. The buyback program was implemented to test the API purchase process for when live transactions occur on ShareLedger The Buyback Program is expected to:
Reduce the supply of ShareTokens available in both public and private markets
Bring New capital and fund inflows into the Shareledger
Substantially magnify value creation for the ShareToken holders
The Token Flow ShareRing will bring in hundreds of merchants to list their rental products, either exclusively or as part of an aggregator system e.g. When you look at the likes of trivago.com they will list the best hotel prices from multiple merchants who are listed on their website. Essentially ShareRing will become part of the aggregator ecosystem and be listed on sites like trivago.com as well as have exclusive agreements with merchants who are listed directly on their app. ShareRing’s USP is that they have everything on one place as well as their OneID module with means buyers can get a hotel, rent a car, rent their ski equipment, book events all through the one app and using the OneID. With that in mind they are going to attract a lot of merchants. This is where it gets exciting so pay attention to this part. When a merchant is part of the ShareRing ecosystem and a buyer rents something from that merchant ShareRing will take a small % commission from that transaction. So say someone books a hotel for $100 for the night, ShareRing might take $0.50 as a commission. What ShareRing will then do is go to one of the exchanges that ShareRing (SHR) is listed on and buy SHR tokens directly using an API system using USDT. Now, the actual commission has not been disclosed yet however if we assume even a 0.25% commission that means for every $100 Million worth of bookings made through the app will net ShareRing $250,000 which means buy backs of $250,000 for the SHR token, which increases the liquidity of SHR on the exchanges. If you think $100 Million of bookings is a lot, booking.com customers book around 1.5 Million rooms per day, if we estimate an average of $50 per room that is $75 million of bookings PER DAY or $2 Billion worth of bookings per month. This revenue coupled with revenue from OneID and eVOA makes ShareRing profitable almost from day one of the app going live. OneID And eVOA Another exciting development from the ShareRing team is the collaboration between ShareRings Self Sovereign Identity protocol and third party providers to bring OneID and eVOA which will utilise OneID With the huge rise in E-commerce and with over 2.82 billion people who now own a smartphone we are entrusting our personal information to more and more centralised entities. These entities are frequently hacked and our information is leaked to outside parties. ShareRing aims to tackle this with their service OneID module. ShareRing’s OneID solution protects users' data by handling Know Your Customer (KYC) information through third parties and ShareRing’s Self Sovereign Identity Protocol. ShareRing does not hold any identifying information anywhere on its servers. It provides the ultimate security for the renter and also the provider, as the Protocol encrypts and stores your data in a secure manner within your device. Essentially, this means that it is near impossible for a hack or data leak to happen, simply because there is no centralized server of data for hackers to exploit. The OneID module is very easy to use. The end-user needs to complete their ID submission only once, with the entire submission process requiring less than two minutes to complete. Once this step has been completed, the customers KYC is destroyed by the 3rd party document verification system and the OneID module allows merchants to verify a customer’s identity via a hashed verification packet, stored on the users device and ShareLedger. This removes the need for merchants to store or see personal information; safeguarding both merchants and users from fraud. To create your ShareRing OneID, simply:
Take a picture of your government ID document
Take a selfie
Confirm and submit your details
This is something I am really excited about for ShareRing and they already have made partnerships for other companies to use this feature which is another income stream for ShareRing. eVOA E-Visa On Arrival allows applicants to apply online and receive a travel authorisation before departure – this eVOA can be shown at dedicated Thailand immigration counters on arrival at major Thailand airports, allowing travellers to pass through in minutes. OneID system is scheduled to become the lynchpin technology in Thailand’s electronic Visa On Arrival (eVOA) system; one of only two companies to partner with Thai authorities to provide this service. The new Visa system eliminates much of the hassle involved in entering the country: This is a strong validation of the OneID system - immigration controls are some of the most scrutinized processes in any branch of government, and if the OneID solution can operate to their standards then it is truly business-ready. As explained by our COO, Rohan Le Page: “We are providing our OneID product for Thailand e-VOA (Visa On Arrival) that allows 5 Million travellers from 20 countries including China and India to complete the visa process on their mobile through our app. This provides a streamlined immigration process that negates the need for an expensive and time-consuming process when you get off the plane. Additionally, fraud is mitigated with several extra layers of security in the back end including our blockchain (ShareLedger) consensus model that makes all data immutable and all but impossible to hack.” Profit Margins on OneID So how does ShareRing make money from OneID and eVOA? With each application for an eVOA using the OneID module ShareRing will make an undisclosed commission. The e-VOA is available to citizens of 21 different countries and is intended for those who will be holidaying in Thailand and not working in the country. This means that each eVOA will last for a period of around 15 days which effectively means that ShareRing will get commission multiple times from each person travelling to one of the 21 countries listed below: Andorra, Bhutan, Bulgaria, China, Ethiopia, Fiji, India, Kazakhstan, Latvia, Lithuania, Maldives, Malta, Mauritius, Papua New Guinea, Republic of Cyprus Romania, San Marino, Saudi Arabia, Taiwan, Ukraine, Uzbekistan The profits on this alone, according to projections, are worth millions of dollars per year to ShareRing, with a healthy growth of about 35% in raw profit over the next 5 years, ultimately netting the company about $1.5 million profit per quarter. The ShareLedger Blockchain Platform ShareRing will utilize the registered intellectual property from the existing KeazACCESS framework (KEAZ: A car sharing company founded by Tim Bos) as well as improving it the blockchain experience in their team. It will consist of fo the primary elements: SharePay (SHRP) – SharePay is the base currency that will allow users of the ShareRing platform to pay for the use of third party assets. ShareToken (SHR) ShareToken (SHR) is the digital utility token that drives sharing transactions to be written to the ShareRing ledger that is managed by the ShareRing platform. Account – This will be a standard account, which such an account being represented by a 24-byte address. The account will contain 4 general fields: SHRP – SharePay token balance SHR – ShareToken balance ASSETS – linked/owned by the account (see below for definition of an Asset) ATTRIBUTES – Any additional attributes that are associated with this account. These attributes may be updated or added by Sharing Economy providers that utilise the ledger such as ID checks by rental companies. These attributes may be ‘global’ (i.e. used by any sharing providers) or ‘local’ (i.e. used by a specific sharing provider). Assets – An asset represents a tangible real-world or digital asset that is being shared, such as a car, a house, industrial machinery, an e-book, and so on. Smart Contracts – Similar to a number of other blockchain platforms, such as Ethereum and NEO, the ShareLedger blockchain will feature highly customisable smart contracts. These Smart Contracts will allow for decentralised autonomous applications that can be attached to an asset and/or account. Every smart contract will be Turing complete, meaning it will have the ability to implement sophisticated logic to manage the sharing of the assets. The smart contracts will be tested and reviewed by ShareRing in a sandbox as well as audited by reputable third-party code auditors prior to implementation. Proof of Stake Consensus ShareRing have chosen the Leased Proof-of-Stake protocol as the consensus algorithm for ShareLedger. This choice is based on the practicality and security benefits evident in the Waves platform. It is also much more cost effective than Proof-of-Work (POW), and will not suffer from the current issues Bitcoin and other POW cryptocurrencies are facing such as scalability and electricity consumption. The ShareRing App At the heart of the ShareRing project lies the ShareRing app: A universal ‘ShareRing’ app is being developed that will allow anyone to easily see and use any sharing services around them. Each partner will have the option of developing a ‘mini’ app within the ShareRing app that will have functionalities specific to that partner. The app will use geolocation-based services to display the ShareRing services that are nearby Social Media Presence Coming from a social media background I feel this is an extremely important area to look into, especially in the crypto world. ShareRing has done an okay job in growing their social media presence however I feel it could be much better. Here is a look at some of the key stats for their online social media presence: Youtube: 191 Subscribers Instagram: 238 Followers Linkedin: 376 Followers Telegram: 6,525 members (very active) Twitter: 2,216 Followers (Fairly regular updates) Facebook: 1,965 Followers Whilst social media may not be a priority just now I feel there has to be a big presence with image-based platforms and video-based platforms. Youtube and Instagram should be made a priority here as it spans all generations: Other News on ShareRing There is a lot of stuff going on at the moment with ShareRing which is what makes it an exciting prospect. Rather than give information on each of them here are some highlights provided by the ShareRing team.: - ShareRing's revolutionary ID management based module OneID. - Worlds first Blockchain based eVOA in place with major Thai company targeting 5 to 10 million travellers from 20 countries. - 2.6 million International Hotels/ Accommodation coming on to the Platform. Lots more to come! - Partnership with HomeAway - 200,000 Activites, Tours and Events added to the ShareRing App - Multi Global Car Sharing Partnerships - 1 Partner Directly Integrating SHR's OneID consisting of 1.2 million Vehicles across 150 Countries - Luxury Car Brand Sharing Platform purely based on SHR - SHR payment system SHRP available in 10% Taxi Terminals in Australia - SHRP available in 10,000 EFTPOS Terminals Australia wide - White Labelling Services incorporating ShareRings revolutionary OneID - 20 Significant Unannounced Partnerships, more to come! - Major Partners include - - BYD (Largest Electric Car Maker in the World) - DJI (Largest Drone Maker in the World) - Keaz (300 locations around the world) - Yogoo EV Car Sharing - MOBI Alliance Member Overview of Positives and Negatives Negatives Social Media and marketing possibly needs to be ramped up in order to bring more awareness to the project. The roadmap and white paper has not been updated recently for 2019/2020 but this I believe is coming soon. Positives With a low market cap project like ShareRing the risk to reward ratio is very good for retail and institutional investors. Technical analysis of current prices, currently at 31 Satoshi, is also very good with resistance levels at 50, 77 and 114 Satoshi which would be nearing its all time high. Referral program will increase the numbers of users that are currently using the site. If ShareRing can capture even a small % of the overall sharing market then success looks assured. There are 20 new announcements coming up and with Tim Bos looking for more partnerships it seems likely that ShareRing will break ATH prices soon. Great long term hold, in my opinion. Realistic Expectations of ROI Short term (4 weeks - 12 weeks) Short term looks great for ShareRing both from a TA point of view and a fundamental point of view. With lots of news still to come out about ShareRing there is not going to be a shortage of fundamentals to drive the price up. From a TA point of view the next line of resistance stands at around the 50 Satoshi level which would complete a massive cup and handle formation from August 24th of this year. After that we are looking at resistances of 77 and 114 to reach near the all time highs which i expect ShareRing to reach going into 2020. Long term (6 Months - 2 Years) If ShareRing can onboard users and keep on making partnerships at the same rate there will be no stopping it. It’s all about onboarding the users and utilising the most powerful marketing tool ever - word of mouth! When a great app is realised with great and useful functionality then it tends to go viral and I am hoping this happens for ShareRing. With a market cap at the moment of just under $6 Million then I don’t think it’s crazy to talk about 1000% increases in the next 2 years and I really believe that is being extremely conservative, given where we think crypto is heading as a whole.
Incentives：The Ultimate Significance of Blockchain
Will blockchain subvert the modern company system? What is the significance of blockchain technology in the future, why can Bitcoin be hyped for over ten years and still have such strong vitality? It is impossible to know what the future world will look like without studying these issues in depth. The Cornerstone of Decentralization From monarchy to republic, planned economy to market economy, both have proved a history of decentralization, and the cornerstone of decentralized development is the incentive mechanism. From the vast history of humankind, it is not difficult to see that those very successful countries must have created more advanced incentive mechanisms. For example, the "Joint-Stock Company", a social incentive mechanism that changed human destiny, once created the first marine empire, the Netherlands. The Dutch East India Company, considered to be the first truly joint-stock company in humankind, reached its peak in 1637, with a market value of 7.2 trillion U.S. dollars - nearly seven times higher than Apple. Once the "shareholding" company was created on the earth, the hype over "stocks" began to be rooted in human genes. In 1711, the British Nanhai Co., Ltd. was established. By 1719, the share price of the South Sea Company had risen from £128 at the beginning of the year to more than £1,000 in July. The speculators included more than half of the lawmakers, and even the king could not help but tempted to subscribe for shares worth 100,000 pounds. Of course, the stock price of the South Sea eventually broke, falling from more than £1,000 to around £100. We call it the "South Sea Bubble". Isaac Newton also participated in this hype, and expectedly, ended up losing a lot. “I can calculate the motions of heavenly bodies, but not the madness of people”. Isaac Newton, 1720 Although the South Sea bubble burst, the rise of joint-stock companies in Britain has brought great strength to its colonial expansion and the industrial revolution. Later, France learned it soon. In 1716, it adopted a similar approach to the United Kingdom and gave the "Mississippi" company the right to sell stocks. By mid-1719, the stock price of the Mississippi company had risen for 13 consecutive months, and the stock price had risen from 500 The river rose to more than ten thousand rivers, an increase of more than 20 times. But Mississippi's stock price eventually broke down in 1721 and finally fell back to 500 Rivels. History has called the “Mississippi Bubble”. In the 19th century, the United States began to rise, and there were endless bubbles in rubber company stock prices and railway company stock prices. In the 20th century, the U.S. manufacturing stock price bubble broke out, including IBM and Texas Instruments, which can drive the price-earnings ratio to more than 80 times within a year, but fell back to 20-30 times a year later; In the 1990s, another high-tech stock bubble burst in the United States. Apparently, the rise of a country is accompanied by the birth of a new incentive mechanism, or the high use of certain incentive mechanisms as an inevitable hype. The rise of the Netherlands was accompanied by the prosperity of the shares of the Dutch East India Company and the birth of the world's first stock exchange in Amsterdam; the colonial expansion of the United Kingdom and France and the industrial revolution were accompanied by the stock price bubbles of the South Sea and the stock prices of joint-stock companies such as the Mississippi bubble, and then the development of joint-stock companies. The United States has become a world hegemon, where it has been accompanied by stock price bubbles again and again. However, except for "shareholding" companies, is there any other incentive mechanism for the development of the human economy? Blockchain May Provide a Different Answer The reason why joint-stock companies have a strong incentive mechanism is that in the past 300 years, humans have mainly focused on production problems. It requires a strong system to stimulate production. Joint-stock companies make capital and professionals more relevant. Combining with the national law as a guarantee (the monarch cannot override the law), so that those who own the shares can continue to obtain benefits, this form of shares has become an unchallenged consensus in the market, mobilizing the entire market to invest resources All its potential. On the other hand, suppose that the shares you own may be deprived of violence at any time. Who would be willing to invest and who would desperately risk innovation? Therefore, the creativity stimulated by the shareholding system has caused mankind to stagnate the economic aggregate for thousands of years and began to rise linearly. Many people think that this is the credit for the industrial revolution, but the industrial revolution itself has not separated from the main body of the company. However, since the development of the human economy, its needs have changed. Although human needs for material are still very strong, there is greater demand for distribution systems and new incentive mechanisms that break national boundaries. Joint-stock companies can still play an important role, but behind a joint-stock company is the state, which is a specific or even exclusive legal system. If the guarantee of a specific legal system is lost, the stock will lose its wealth attribute and the incentive mechanism will be Invalid. The blockchain will further promote the logic of the shareholding system. The blockchain can allow the subject matter of equity to exceed the limits of specific countries, that is, it can be transferred and bought and sold without the protection of any national law. Undisputed consensus system. For example, the subject matter of blockchain equity such as Bitcoin has reached a global consensus and has produced incredible incentives. The price “bubble” is similar to the various stock price bubbles after the birth of the shareholding system, indicating a new Arrival of incentives. It can be said that the blockchain we understand now is just a technology, so it is still very narrow in terms of its development and use. This was like the East India Company, the South China Sea Company, and the Mississippi Company. At that time, it was used only for the government and the king to solve debt problems and distribute wealth from colonial robbery. It did not expect the role of the shareholding system in the history of human development.
P.s. 🂡 - Game with Cards; ☠ - Dead game P.s. It's not full list of my steam keys.
My steam gifts list:
🂡 Shark Attack PayDay 2
GooCubelets 2 + GooCubelets + GooCubelets: OCD Absconding Zatwor + Break Into Zatwor + Fiends of Imprisonment Torch Cave 2 + Torch Cave + Sleengster + Sleengster 2 + Rage Parking Simulator 2016 + Barclay: The Marrowdale Murder Why So Evil 2: Dystopia + Why So Evil + Brilliant Bob Guns of Icarus Online + Guns of Icarus Alliance
UPDATED GAME LIST 27.04.2019:
PIGMENTUM Space Guard Battle vs Chess ShipLord Dungeon Puzzle VR - Solve it or die Asteroid Bounty Hunter Fly and Destroy Survive in Space Hungry Flame Duke of Alpha Centauri Neon Space 2 Neon Space Spin Rush Upside Down Cube Runner Slash It 2 Slash It Warhammer 40,000: Space Marine Battle Simulator Voxel Race Escape Game Kings Cortex My Car MineSweep Christmas Race 2 Geometry Rush SurvivalZ Battlegrounds SurvivalZ Obscurity Bitcoin Operation Desert Road OldGrad Running Man 3D part 2 Endless Maneuver Love is Blind: Mutants Elements II: Hearts of Light World War II: Panzer Claws World War III: Black Gold Jack Orlando: Director's Cut Earth 2140 HD The I of the Dragon KnightShift Septerra Core Earth 2160 Gorky 17 DEFECTIVE Degrees Kinaman vs Gray Elephant Royal Heroes OutSplit NeoBoom WIN THE GAME: WTF! Unrest Labirinto Hummingz AcChen The Forgotten Void Roulette Simulator 2 Falnarion Tactics Wheelchair Simulator Estellium Legends Last Will Disturbed: Beyond Aramor ISLAND 404 A Story About My Uncle Slay.one Fallingcers The Last Hero Archangel Paddle Battle Flow:The Sliding Dead Bits Tumblestone Deponia: The Complete Journey Running Man 3D Neoncers PixZomb Bouncers PixBit FPS - Fun Puzzle Shooter G-DINO'S JUNGLE ADVENTURE Ranger in Spider's den It`s Chicken! The Strangers Mountain Troll Battle Runner Lock Parsing FLYVALNY 20!8 WAR_WAR_WAR: Smiles vs Ghosts Debtor Cunning Fox Archibald Bio Soup Deadly Sky Air Tactical When They Arrived (STEAM Key) MineStickman Oil Baron Ecchi 2: compile 2D chan Cemetery Warrior 2 Fast Rolling FYD Grav Grav Gravity Hard Place MoonDigger Paint Skills RGB RUN ROAD OF DANGER Ropelike SEXUAL PUZZLE Space Hero Line Unite Cell Accurate Segmentation 3 Army Craft Case #9 City Escaper Hexus Taken Souls: Blood Ritual Collector's Edition Kingdom of Aurelia: Mystery of the Poisoned Dagger Witch's Pranks: Frog's Fortune Collector's Edition Sea Legends: Phantasmal Light Collector's Edition Dreamscapes: Nightmare's Heir - Premium Edition Dreamscapes: The Sandman - Premium Edition Color Cingdom Cubic Color Dark Snow Genius Calculator Hooligan Vasja: Christmas Hooligan Vasja: Halloween Plane War Viking's drakkars Empire of the Dead Souls Shin Samurai Jazz Psychoballs Target speed LEGO® The Hobbit™ Space Drift Squad Deadly Traps Achievement Clicker 2019 NeoSticks Planet jump The Scarecrow NeoBalls2 Achievement Clicker NeoBalls SINISTRY SILINIUM Insincere Radical Spectrum: Volume 1 O! Nalchik is my favourite Outrunner 2 Seek Love All Weapons Seek Love All Jetpacks The Lost Soul Burning Instinct Razerwire:Nanowars Repentant Full Metal Renegade Boobserman Flappy Galaxy Redactem MEGALONIA Colorless Life Grey Cubes Lab 03 Yrinth Five Keys to Exit Bundle 21 game Girlfriend Cards HUNTER BRICK BALL Jellyfish the Ghost Monster MIX Range Ball THE E BALL Boat Adventure SHARK The Last Vampire Cute Cats PuZZles The Searcher Wild West Adventure Paper Shakespeare: Loves Labor(s) Lost Rampage Online Castle of Venia The Mummy Pharaoh Edge Hunter of antiques Sins of a Solar Empire: Rebellion NanoScape Cowboy Revenge Butterfly Moment Rocks and Rockets Verzaken! The Theodore Adventures Two Worlds II Castle Defense Iron Sky Invasion Cab Driver Commander In The Fighting Fjong Space Thinger Sarab: Duji Tower Oh, you touch my balls ( ͡° ͜ʖ ͡°) Playing History: Vikings Theorem Bounty Hunter: Space Detective Bounty Hunter: Stampede Precision Archery: Competitive Shark Attack Deathmatch 2 Story of a Cube Soundtrack Grandpa Daddy Beyond the Invisible: Darkness Came Dead Dust FlatFatCat Gallows choice: Soundtrack Gallows Choice Kaleido Chaos Void Cube Runner Survivor in Summer Tempo Wizard Pilferer Evil Come Labyrinth Escape 21: Soundtrack Marimba VR Berry couple The Putinland: Divide & Conquer Horror Fish Simulator 梦本无忧 The Haunting of Billy PUGNite - Soundtrack Sufoco Enclave The Risers Fruit couple Robots Attack On Vapeland Gold key Lucky Shot Forgotten Adventure Gaze At Maze Captain The Runner The Legend of Protey Which Way Out Vinylove Silent space VR Not Without My Poop Circle pong Fish for gold Bob The Cube Goblins Keep Coming - Tower Defense Fruit Sudoku 3 FreeFly Burning Ashley: The Story Of Survival OST Ashley: The Story Of Survival Magic Chess Recursive Dragon SUPER ASTEROIDS Kitten and food: adventure park Labyrinths of Atlantis Battle Of Worldviews Putinoids VS Navalnyats - OST Caramba! The Orphan Dreams Soundtrack Thick Light Retro Dungeons [steam ke Joy Pony Need For Gowna Fairyland: Power Dice The Village: Soundtrack Mighty Gemstones - Skins Ochkarik Slayer Of Traitors Rainbow Rage Squad Thirsty Bubble Mighty Gemstones - Hardest Levels Mighty Gemstones Zomby Soldier SCREW-NUT BAE 2 Colony On Mars Retro Space Shooter Random 70 games with cards Knights of Hearts PIDO1 Beast Mode: Night of the Werewolf Megatronic Void Crappy Day Enhanced Edition HEXOPODS Sapper BOOM! Tank Rush Winner Winner Chicken Dinner! Demon robot runner Flying Bacon - Soundtrack Jump to the circle Gravity puzzles Mission: Wolf Robo-orders Noise Mechatroniks Attack Unearthing Colossal - Soundtrack Abstract Arena - Original Soundtrack V nekotorom tsarstve Guess who ? Lost jumping frog Dogcoin Toy Seeker Falling Blocks: Soundtrack ROGALIK Galactic Lords OST Kamikaze Cube The Secrets of The Forest SPACE ASTEROID SHOOTER Hamster Daily SLICE Pink Rage Otome Supermagical Ants! Mission of the salvation Merry Glade ArcBall 3: Infinity ArcBall 2 Super Robolom S.T.R.E.T.C.H. Soundtrack Bear Football Torture Chamber Planet Unknown Runner Fantasyland - All Heroes Cyborg Invasion Shooter 2 The Warrior Of Treasures Burst Into Soundtrack Rampage Ragdoll Clash of Castle Real Drift Coin Pusher Hot Pool PlatONIR DLC Achievement Clicker 2020 OST World of Feudal The Castle Disaster Small person FACE CHEXS Underwater hunting Wisdom of War Shattered God Captain Backwater Bad Day - Extra Content Mr Rabbit's Alphabet Forest Adventure Dodge Save the Halloween ROMBY Disposable Heroes Soundtrack Haters, kill them all! - Ost Hitori Fairy of the treasures - Soundtrack Fairy of the treasures Nice Way Squares Santa's vacation Teria Rapid SALVATOR Amazon Rush Chaos and the White Robot Nathuz Soundtrack SqueakyWafflez Soundtrack Solenars Edge Rebirth Police Patrol Evil Spirits Walhall Thundering Skies Twine3D Origin Of Destiny - Donation #1 Moving Day Сборник 100 игр без карт Dokkaebi Hentai Adventures - OST Mustache Politics Shooter Abstract Golfing The Binding Of YOU Store Simulator 2018 Zombie Murder Petrichor M1 Soundtrack Bitcoin Or Bomb? - OST Russian AYE Race - OST Christmas Race Brick Breaker Ultimate Gravity Ball Space Way Golf 2D Solar System Race Bitcoin Farm Archery Blast Space Rocket Stickman Jetpack dead_file.mp3 XBall Champion Block Competition Knife Flipping Lost [Can be used keys] SQR 2 Drill Arena Pixel Gladiator OST Aviation Hurricane Storm Your Ball Exploded Learn to Drive on Moto Wars Сборник 50 игр без карт Dad's co-worker Slabo? Mover Potatoe Inaccessible world rOt Ice Cream Factory Sunny Smiles Planum Soundtrack Food From The Sky World Inside Out Crazy Alien Crazy Pirate Adventures of Heroes Combat Raccoon Dots Golden Fever Stickman - Killer of Apples Loot Box Simulator 20!8 - OST Golf Extreme Simulator gas station Dragon Perception SaveHer! NeonGalaxy Wars O! STRELALKA!!! Pixel War Douche Bag
UPDATED GAME LIST:
Project Zomboid Amnesia Collection The Ship: Complete Pack 🂡 ︎ 12 is Better Than 6 🂡 3SwitcheD 🂡 ︎ A Story About My Uncle 🂡 ︎ AI War: Fleet Command 🂡 ︎ All Guns On Deck ︎ Ampu-Tea 🂡 ︎ AX:EL - Air XenoDawn 🂡 ︎ Battle vs Chess 🂡 ︎ Battleplan: American Civil War 🂡 ︎ Between Me and The Night 🂡 ︎ Bloop ︎ Bloop Reloaded 🂡 ︎ Breach Broadsword : Age of Chivalry ☠ ︎ Brutal Legend 🂡 ︎ Car Mechanic Simulator 2014 ︎ Cavern Escape 🂡 ︎ Chaos Domain ︎ Chernobyl Commando ︎ Commander: Conquest of the Americas ︎ Dead Ground ︎ Defend The Highlands 🂡 ︎ Deponia: The Complete Journey 🂡 ︎ DiRT 3 Complete Edition ☠ 🂡 ︎ *PayPal/MasterCard/VISA/QIWI Only* DiRT Showdown ☠ ︎ *PayPal/MasterCard/VISA/QIWI Only* Dungeons 2 🂡 ︎ East India Company Gold ︎ Enclave 🂡 ︎ Enforcer: Police Crime Action 🂡 ︎ *PayPal/MasterCard/VISA/QIWI Only* F1 2015 🂡 ︎ Fallout 3 *PayPal/MasterCard/VISA/QIWI Only* Fortified 🂡 Galactic Civilizations II: Ultimate Edition ︎ Glacier 3: The Meltdown ︎ Glitchrunners ︎ Goat Simulator 🂡 ︎ *PayPal/MasterCard/VISA/QIWI Only* GRID ☠ ︎ *PayPal/MasterCard/VISA/QIWI Only* GRID 2 🂡 ︎ GRID 2 - Bathurst Track Pack ︎ GRID 2 - Spa-Francorchamps Track Pack ︎ Guardians of Ember ☠ 🂡 ︎ Guns of Icarus Alliance Guns of Icarus Online 🂡 ︎ Gunspell - Steam Edition ︎ Hacknet - Deluxe Edition 🂡 ︎ Heavy Gear Assault 🂡 *PayPal/MasterCard/VISA/QIWI Only* Homefront ︎ Human: Fall Flat 🂡 ︎ *PayPal/MasterCard/VISA/QIWI Only* Iesabel ︎ Iron Sky: Invasion 🂡 ︎ Killer is Dead - Nightmare Edition 🂡 ︎ Killing Floor 🂡 ︎ *PayPal/MasterCard/VISA/QIWI Only* Killing Floor 2 🂡 ︎ *PayPal/MasterCard/VISA/QIWI Only* Knights and Merchants 🂡 ︎ Layers of Fear 🂡 ︎ Layers of Fear - Soundtrack Lead and Gold: Gangs of the Wild West ︎ LEGO The Hobbit ☠ ︎ LEGO The Lord of the Rings ☠ ︎ Lethal Brutal Racing 🂡 ︎ Love is Blind: Mutants ☠ 🂡 ︎ Measurement Problem 🂡 ︎ Melissa K. and the Heart of Gold Collector's Edition 🂡 ︎ Merchants of Kaidan 🂡 ︎ Mysterium: A Psychic Clue Game ︎ Nux 🂡 ︎ 6 Orwell 🂡 ︎ Outlast 🂡 ︎ *PayPal/MasterCard/VISA/QIWI Only* Outlast: Whistleblower DLC Pain Train 🂡 ︎ PERFECT ANGLE - The puzzle game based on optical illusions 🂡 ︎ Perfect Angle VR - Zen edition ☠ ︎ Phantom Soldier 🂡 ︎ Pirates of Black Cove Gold Pixel Puzzles 2: Anime 🂡 ︎ Planets Under Attack 🂡 ︎ Psychonauts 🂡 ︎ Red Orchestra 2: Heroes of Stalingrad with Rising Storm 🂡 ︎ *PayPal/MasterCard/VISA/QIWI Only* Robowars 🂡 ︎ S.T.A.L.K.E.R.: Clear Sky ︎ *PayPal/MasterCard/VISA/QIWI Only* Sanctum 2 🂡 ︎ Satellite Reign 🂡 ︎ Scribblenauts Unlimited 🂡 ︎ *PayPal/MasterCard/VISA/QIWI Only* Shadow Warrior: Special Edition 🂡 ︎ Shadowrun Returns Deluxe 🂡 ︎ ShipLord 🂡 ︎ Sid Meier's Civilization III Complete ︎ Slash It 🂡 ︎ Sleeping Valley 🂡 ︎ Solarix 🂡 ︎ *PayPal/MasterCard/VISA/QIWI Only* Space Farmers 🂡 ︎ SPACECOM 🂡 ︎ Sparkle 2 Evo 🂡 ︎ Spec Ops: The Line ︎ Speed Kills 🂡 ︎ Star Phoenix 🂡 ︎ Street Racing Syndicate 🂡 ︎ The 39 Steps 🂡 ︎ The Bureau: XCOM Declassified 🂡 ︎ The Darkness II ︎ The Flame in the Flood 🂡 ︎ The I of The Dragon 🂡 ︎ The Red Solstice 🂡 ︎ The Walking Dead ☠ 🂡 ︎ *PayPal/MasterCard/VISA/QIWI Only* Tropico 4 🂡 ︎ *PayPal/MasterCard/VISA/QIWI Only* Two Worlds II Castle Defense 🂡 ︎ Two Worlds: Epic Edition 🂡 ︎ Vapour 🂡 ︎ Vertical Drop Heroes HD ︎ Violett - Soundtrack Edition 🂡 ︎ Warhammer 40,000: Space Marine 🂡 Whispering Willows 🂡 ︎ X-COM: UFO Defense Yelaxot ☠ 🂡
!!!!!!!!!!!!!!!!VERY CHEAP PRICES FOR STUFF WITH - *PayPal/MasterCard/VISA/QIWI Only*!!!!!!!!!!!!!!!!!!
🂡 The I of the Dragon 🂡Taimumari 🂡Obscure Realm
Unsorted games expencive and cheep
P.s. Ask about some games, like GRID. Here's GRID 2, not GRID. Removed numbers from txt document, so... 🂡 Arcane Double Pack Deluxe 🂡 Topware RTS Collection 🂡 Topware RPG Collection 🂡 Topware Action Collection Guns of Icarus Online + Guns of Icarus Alliance 🂡 Epic Mayhem 🂡 The fall of gods 🂡 GRID 🂡 The Troma Project 🂡 D ParticleGen Visual FX 🂡 Warhammer ,: Space Marine 🂡 Air Threat 🂡 A Story About My Uncle 🂡 Silence in Space - Season One 🂡 Chicken Shoot 🂡 Lost Crew 🂡 Vapour 🂡 Demon Horde Master 🂡 Mosaics Galore 🂡 Orwell: Keeping an Eye On You 🂡 Magma Chamber 🂡 TWIN BROS 🂡 Sometimes: Success Requires Sacrifice 🂡 Danny's War 🂡 Inverted 🂡 Repulsanoid 🂡 Gum Guy 🂡 Lepofrenia Kontrakt 🂡 ConflictCraft 🂡 Perfect Fit - Totemland 🂡 The Ship: Murder Party 🂡 Final Bravely 🂡 Measurement Problem 🂡 Vendetta - Curse of Raven's Cry 🂡 Trianguluv 🂡 Millennium - A New Hope 🂡 Two Worlds II HD - Call of the Tenebrae 🂡 Aircraft War X 🂡 Deponia: The Complete Journey Little elf 🂡 False Shelter 🂡 Magma Tsunami Lonely shooter 🂡 HOURS 🂡 Phantom Soldier 🂡 Zombie Zoeds 🂡 The Last Hope 🂡 Two Worlds II HD 🂡 Dungeon Creepster 🂡 Hacknet 🂡 Layers of Fear 🂡 Project First Contact 🂡 Taimumari 🂡 Story of a Cube 🂡 Clickdraw Clicker 🂡 Nash Racing 🂡 Battle for Enlor 🂡 ANIMALITY 🂡 Pain Train 🂡 MY FIGHT 🂡 Satellite Reign ☠ 🂡 Raven’s Cry (Historical Version) 🂡 Obscure Realm Bacterium / 生命之旅 🂡 Heavy Gear Assault 🂡 The Crypts of Anak Shaba - VR 🂡 Mission: Escape from Island 🂡 ReignMaker 🂡 Zpeciation: Tough Days (TD) Breach 🂡 Shadowrun Returns 🂡 Aftercharge 🂡 Enola 🂡 KnightShift 🂡 Chicken Shoot Gold 🂡 RoBoRumble 🂡 World War II: Panzer Claws 🂡 Battle vs Chess 🂡 Soldiers Lost Forever (-) 🂡 Dream Pinball D 🂡 PIGMENTUM 🂡 Heli Heroes 🂡 X-Blades ☠ 🂡 Nebula Online 🂡 World War III: Black Gold 🂡 Knights and Merchants 🂡 Star Phoenix Dead Ground 🂡 Earth 🂡 Planets Under Attack 🂡 Two Worlds Epic Edition 🂡 Septerra Core 🂡 Picross Fairytale - nonogram: Red Riding Hood secret 🂡 Earth 🂡 Gorky 🂡 Enclave 🂡 SwitcheD 🂡 Earth Trilogy 🂡 Two Worlds II Castle Defense 🂡 SAMOLIOTIK 🂡 Are You Ready? 🂡 Other Tanks 🂡 Zzzz-Zzzz-Zzzz 🂡 Katy and Bob: Safari Cafe 🂡 Jagged Alliance - Wildfire 🂡 Dispatcher 🂡 SINISTRY SILINIUM 🂡 Galactic Fighter 🂡 Jack Orlando: Director's Cut 🂡 Iron Sky: Invasion 🂡 Love in the Glen 🂡 AI War: Fleet Command 🂡 One Last Chance 🂡 The Maze : Endless nightmare 🂡 Darconika: The Cube of Soul 🂡 is Better Than 🂡 My Name is You 🂡 Red Death 🂡 Invasion: Brain Craving 🂡 Last Days of Spring Visual Novel 🂡 Anykey Simulator 🂡 Iron Impact 🂡 Experience 🂡 Under Zero 🂡 True Lover's Knot 🂡 Inexistence 🂡 Cubium Dreams 🂡 Pixel Russia Streets 🂡 Legion Tale 🂡 Let's Draw 🂡 Tribal Pass 🂡 Little Kite 🂡 Detective Noir 🂡 Stickmageddon 🂡 The Flame in the Flood 🂡 Take Thy Throne 🂡 Heaven Island Life 🂡 Sleight 🂡 Desolate Wastes: Vendor Chronicles 🂡 Castle Werewolf D 🂡 Tourists Kidnapped a Little Bear 🂡 Journey To The Center Of The Earth 🂡 The Spirit Underneath 🂡 Germination 🂡 Masha Rescues Grandma 🂡 Head Shot 🂡 Invasion 🂡 Escape The Past 🂡 Big Journey to Home 🂡 Bloody Boobs 🂡 Existence speed 🂡 Purgatory 🂡 Super GunWorld 🂡 Dreaming Sarah 🂡 Mosaics Galore 🂡 SQR 🂡 Dungeon of Elements 🂡 WALLSLIDE 🂡 What's under your blanket !? 🂡 NeverEnd 🂡 Alter World 🂡 Star Project 🂡 Deadly 🂡 Swipecart 🂡 Roomscale Coaster 🂡 Crazy Oafish Ultra Blocks Big Sale 🂡 Marble Duel 🂡 The Sun Never Sets ☠ 🂡 Pressure ☠ 🂡 Landfill Earth : The Moon Project Earth : Escape from the Blue Planet ☠ 🂡 Marwin and The Evolution Stone ☠ Epic PVP Castles ☠ Don't Fall ☠ Lock Parsing ☠ 🂡 Showtime! ☠ 🂡 Adventures of Hooi Check vs Mate - Dark Dessert DLC Check vs Mate - Floating Island DLC Little Kite - Original Soundtrack Story of a Cube Soundtrack Black Hole Hazard Soundtrack Gorky - Soundtrack Gorky – Digital Deluxe Content Enclave - Digital Deluxe Content Reflection of Mine - Soundtrack Battle vs Chess - Dark Desert DLC Two Worlds II - Pirates of the Flying Fortress Battle vs Chess - Floating Island DLC Reflection of Mine - Wallpapers Two Worlds II - Call of the Tenebrae Raven's Cry - Digital Deluxe Edition (Historical Version) ☠ Pirates of Black Cove Gold Cold Blooded Cube The Art Of Knuckle Sandwich Morendar: Goblin Slayer my dream Destroy_the_devil Cludbugz's Twisted Magic Save the village chief Experience ☠ Commander: Conquest of the Americas Gold ☠ East India Company Gold Check vs Mate Gunspell - Steam Edition Yatsumitsu Fists of Wrath Sid Meier's Civilization® III Complete The God Paradox Space Leprechaun Trackless Outline Solar Battle Glargaz Kicking Kittens: Putin Saves The World Depth Siege Atlantis MATH SPEED CHALLENGE MATH PROBLEM CHALLENGE Bit-Boom QLORB QLORB Poultry Panic Destination Dungeon: Crypts of Warthallow XORPLE STRETCH Big Day Stefanos Sizzling Pizza Pie Digit Daze 🂡 Hyperdrive Massacre Bathroom Chef FPS - Fun Puzzle Shooter Fitzzle Mighty Bears Genetic Disaster ☠ BLED NAVALNY 🂡 What The Heck, Dude? 🂡 Starship Annihilator ☠ 🂡 Road Madness 🂡 RiotZ 🂡 AXYOS 🂡 RYAN BLACK 🂡 MY FIGHT 🂡 QUBIC 🂡 Outrunner 🂡 Neon Arena 🂡 Alice's Patchwork 🂡 Operation Breakout 🂡 JASEM: Just Another Shooter with Electronic Music 🂡 JiPS 🂡 Revenge of Roger Rouge 🂡 Oracle 🂡 Radioactive Puzzle 🂡 Drop The Bomb 🂡 Tumblestone [TRIAL] 🂡 Crispy Chicken 🂡 One Wish 🂡 Tribloos 🂡 Shoot Paint 🂡 Village Story 🂡 Other Tanks Through Blocks 🂡 The Rake: Red Forest 🂡 PixBit 🂡 Experience 🂡 The Note 🂡 My Super Tower 🂡 Hell`s Little Story 🂡 NUKED KNIGHT 🂡 Star Project 🂡 Streng Check 🂡 Dark Project Chicken Shoot Gold (+) Arcane preRaise+Arcane RERaise New Reality Studio Pack ☠ 🂡 North Side ☠ 🂡 To the home ☠ 🂡 Trashville ☠ 🂡 Turn Around ☠ 🂡 Piximalism ☠ 🂡 Nicolay's Adventure ☠ 🂡 Catacomb Explorers ☠ 🂡 Western Adventure ☠ 🂡 Cube Master ☠ 🂡 Pressure ☠ 🂡 Uncrowded ☠ 🂡 Nebula Online ☠ 🂡 Reed 🂡 Jack Orlando: Director's Cut 🂡 Enclave 🂡 Earth HD 🂡 Earth Trilogy 🂡 Two Worlds: Epic Edition 🂡 SwitcheD 🂡 Two Worlds II Castle Defense 🂡 Dream Pinball D 🂡 Planets Under Attack 🂡 Heli Heroes 🂡 X-Blades 🂡 Chicken Shoot Gold 🂡 World War III: Black Gold 🂡 Jagged Alliance - Wildfire 🂡 World War II: Panzer Claws 🂡 Chicken Shoot 🂡 Gorky 🂡 Iron Sky: Invasion 🂡 Battle vs Chess 🂡 Knights and Merchants 🂡 Earth 🂡 KnightShift 🂡 RoBoRumble 🂡 Septerra Core 🂡 The I of the Dragon 🂡 Purgatory II 🂡 Warfront Defenders: Westerplatte 🂡 Rabiez: Epidemic 🂡 So Many Cubes 🂡 Data Hacker: Corruption 🂡 Data Hacker: Initiation 🂡 The Dreamlord 🂡 AI: Rampage 🂡 POLYWAR 🂡 Drift (Over) Drive 🂡 Deadly Animal Duel 🂡 Atonement: Scourge of Time 🂡 Atonement : Ruptured by Despair 🂡 Broken Dreams 🂡 City of Chains ☠ 🂡 Elements: Soul of Fire 🂡 Guardians of Victoria 🂡 Hero Quest: Tower Conflict 🂡 Incitement 🂡 Invasion: Brain Craving ☠ 🂡 Love is Blind: Mutants 🂡 rooMaze 🂡 SweatShop 🂡 Vindictive Drive 🂡 Hyposphere 🂡 Langoth 🂡 Merger D 🂡 NeverEnd 🂡 Adventures On The Polluted Islands 🂡 BitMaster 🂡 Crab Dub 🂡 Cyber City : The Visual Novel 🂡 Bacteria 🂡 Liveza Death of the Earth 🂡 Citalis 🂡 Madrobot X 🂡 Black Sand Drift 🂡 Cranium Conundrum 🂡 The Pasture 🂡 Save the Ninja Clan 🂡 Energy Cycle 🂡 Machine Made: Rebirth 🂡 Russian SuperHero Dead Ivan 🂡 Make it indie! 🂡 NORTH 🂡 Retention 🂡 Just Hero 🂡 Gone In November 🂡 Energy Cycle Collector's Edition 🂡 Energy Balance 🂡 Dear RED - Extended 🂡 Puzzle Galaxies 🂡 Heaven Forest - VR MMO 🂡 Heaven Forest NIGHTS 🂡 Heaven Island - VR MMO 🂡 The Deer 🂡 Catch a Falling Star 🂡 Lup ☠ 🂡 Unalive ☠ 🂡 Forbidden planet 🂡 Dead Bits (GAME + SOUNDTRACK) 🂡 Overcast - Walden and the Werewolf ☠ 🂡 Fergus The Fly 🂡 Jumping Tank 🂡 aMAZE 🂡 aMAZE 🂡 A Detective's Novel 🂡 The Orb Chambers II 🂡 Dungetris[ЕСТЬ ДУБЛИ В ТОВАРЕ] 🂡 Finnish Roller 🂡 Alchemyland 🂡 Alien Hostage 🂡 BitRay 🂡 ORBITAL 🂡 The Astral Hero 🂡 Trouble In The Manor 🂡 Fluffy 🂡 SAMOLIOTIK 🂡 Lost Moon 🂡 Time Ramesside (A New Reckoning) 🂡 Tomato Way 🂡 Despair 🂡 CRACKHEAD 🂡 Slingshot people Soldier of Failure Breakout Invaders Tompi Jones Protect your planet Space Googy ☠ Space Ranger vs Reptiloids Mover Pixel Car Hell in Paradise Sky Dodge[ЕСТЬ ДУБЛИ В ТОВАРЕ] Airbo The Slug ☠ O! STRELALKA!!! The Duller ROS Light Cube Froggy BOI ORIX! ☠ Pixel War Save The Villy Super B-Dino's adventures RaKoval~Nya: Escape Edition ☠ Simulator gas station ☠ AOK Adventures Of Kok Kim Jong-Boom No Lights FreeFly Burning Cyber Utopia Numberline ☠ NeonGalaxy Wars Happy Santa Lucky Panda Soldier of Failure: Operation Zombie Soldier of Failure ☠ Psi Project Little Dog Forest Guardian Iron Knight Crazy Scientist Eared Hero Caveman Alive Dark Maze Flow:The Sliding ☠ OHOTA KREPKOE illie Stone Flower Battle of Frigates CRYLINE ☠ HardBall ☠ Adventure Rage Cuco Old School FOTD ☠ Circle Ball ☠ Make Border Great Again! Prison Chainball Massacre Yashik DAMN! Plane War DeFaster Gun-Running War Dogs Super Mr Kake Travildorn ClickOFast The Brave Mouse Project Druid - D Labyrinth Explorer- aMAZE D ☠ AppleSnake Kama Bullet Heritage Deadly Sky Botology - Map "Zerex" for Survival Mode Botology - Map "Targul" for Survival Mode Botology - Map "Sartilus" for Survival Mode Botology - Map "Barazin" for Survival Mode Darkness Assault - New Costumes Darkness Assault - Extra guns Darkness Assault - Soundtrack Black Sand Drift Collector's Edition Content Heaven Island VR MMO - Paradisac Soundtrack Bacteria Soundtrack Bequest Bacteria Collector's Edition Content Office Battle - Brutal Mode Crab Dub Soundtrack Energy Balance Soundtrack Energy Cycle Collector's Edition Content Energy Cycle Soundtrack Farnham Fables Tape Episode Gone In November Collector's Edition Content Hexoscope Collector's Edition Content Hexoscope OST Hiiro - Collector's Edition Content It's Spring Again Collector's Edition Content Just Hero Soundtrack Turn Around DLC - Additional Campaign # - Slaughterhouse Turn Around DLC - Additional Campaign # - The village of grandfather SAMOLIOTIK - SOUNDTRACK Sophia (for Athopiu) Disastr_Blastr - Soundtrack_to_Disastr Stones of Sorrow - Soundtrack by Neoandertals Genius Greedy Mouse: Greedy of XOR Wordlase - Soundtrack HardBall Soundtracks NGHTMN Soundtrecks Cyber Utopia - Artworks 🂡 Story of a Cube One Manga Day - Bonus Content Tower Mode Kabitis in Bibou's Game PHAT PHROG UNCAGED Project Pulsation - Soundtracks Creature Clicker - Starter Pack Creature Clicker - Supporter Pack Creature Clicker - Deluxe Pack Infinitum - Soundtracks ZION - Soundtracks
• Fiat Currency is backed by Governments/Countries itself. What determines the value of a currency is the economic health, demand, growth, political stability to name a few, of the respective country. Before 1930, most fiat currencies were backed by gold and silver. • Since 1971, U.S. citizens have been able to utilize Federal Reserve Notes as the only form of money that for the first time had no currency with any gold or silver backing. This is where you get the saying that U.S. dollars are backed by the “full faith and credit” of the U.S. Government - quoted in google.com. • What backs crypto value is purely supply and demand. The demand creation of a crypto is its sole objective. To create demand, the crypto has to have a purpose. And most purpose commonly promoted is utility. The number of ways you can utilize the said crypto. The more utilization factors the more demand there is for it. • There are other ways to substantiate value of a crypto and that is to back the crypto with a 1 to 1 ratio in assets or in USD. Then the question is, how 3,000 crypto currencies in circulation be monetary eco sustainable? Can anyone imagine walking into McDonald and view a chart of 3,000 different pricing? Which also means the crypto is a payment gateway pegging against USD instead of bearing any true characteristic of a currency. • A country’s currency is in its own legit form of legal tender, the only currency acceptable under financial sovereigns of a country. People in the world must be made to understand that. Retailers in Thailand cannot put up products price tags in EUROS/USD, it is illegal. It has to be in Thai Baht. • It is hardly imaginable for everyone in the world to retail with a Crypto-Currencies at a rate of 7 transactions per second. When mining nodes are reduced due to non-performing mining ratio, mining blocks in the Blockchain will significantly be limited too, rendering delays in transactions while usage increases. • In time to come, as trends of crypto picks up, Thailand can issue BAHT COIN or UK the STERLING COIN, exactly what China wishes to do. Digital RMB, but would such crypto currencies be fully decentralized? We all have our answers. Absurd to even think of producing Thai Baht, Pound Sterling or Chinese Yuan at the cost of electricity. It is currencies in digital forms. KRATSCOIN is not meant for that purpose. In some opinion, apart from utilization, a crypto can be for safekeeping, an entity for keeping money while allowing easy liquidation, at a click of a mobile button, not to mention sending or transferring without the trouble of going to banks, which was the original purpose of Bitcoin to begin with. Therefore, KRATSCOIN would be better termed as Crypto Commodity, sharing similarities as Metal Commodities. An individual cannot use gold to make a purchase, neither can one eat gold. It can only be kept or invest in for appreciative value over time. Gold is being exampled for its scarcity which reasons for its higher value over its cousin, silver or bronze. Who or what determines the value of gold? Just like any other crypto, demand by humanity. As in all other commodities, it must also be placed in checks by governments. To put in checks, serial numbers are introduced to protect a country’s commodities outflows or illegal exports. Humanity made Bitcoin a reality. Acceptance by the majority members of the public made Bitcoin to what is it today with the trust they entrusted it with, or is the majority public hopping on the band wagon to make a few quick extra bucks? Whatever the reasons are, the characteristics of Crypto Currencies are only matched by the behavior of Commodities. SERIALIZED COINS - WHAT IT MEANS FOR THE PUBLIC: Every currency has its own remarkable name, design and colors. Dollars, Euros, Pound, Tugrik, Peso, Rupee, Rupiah, Dina, Ringgit, Baht and the list carries on. One thing every currency have in common - Serial Numbers. In any crime, investigators will firstly establish motives and mode of operation, both of which are very likely related to money. So following the money trial is a natural thing to do for investigators/authorities and it has become a common practice. Crimes require funding ie robbers need money to buy guns to carry out its robbing activities. Cutting off financing will reduce criminal activities. That’s the approach governments of the WORLD have adopted for crime fighting. Perhaps people do not realize this while most do not feel the pinch. Humanity tends to take life for granted until apocalypse happens. Take a minute to visualize the tallest tower in your homeland collapse into a pile of dust with thousands of casualties effecting everything else that comes to mind. Imagine a family member, just 1 is enough, is among those casualties. • Imagine if monetary system is not in place and drug dealers, among many, roam the earth freely distributing what can be death threatening substance to your kids. What if you are mugged of your inheritance [items left to you by your father] that is beyond retrieval? As for crypto enthusiast, what if your wallet gets hacked as even the mighty Pentagon gets hacked. All the above can go away if the crypto system leaves a trail for hound dogs to sniff out. Money Trail or Serial Codes Trail to be exact. • Citizens rely on governments and their countries to do what is best for them to lead their daily lives, flourish, advance, improve and strive but at the same time, citizens want to take away the single most important thing deemed crucial in the hierarchy of humanity from governments with additional boastful remarks such as “I transferred $400 million from one corner of the earth to another corner in a single transaction and no governments can do anything about it”. • In-short, to boast unregulated financial movement is to arrogantly promote crime without realizing it while challenging the world’s monetary authority. Oldest advice in the book teaches us never to pick a fight we can’t win. • Serial Coded Coins does not take away the financial movement freedom nor does it take away your privacy. It merely provides Authorities the necessary means needed for crime prevention and fighting. It only re-inforce security and safety. SERIALIZED COINS - WHAT IT MEANS FOR GOVERNMENTS: • Governments are relentlessly trying to find new ways to keep track of crypto transactions. Crypto Currency Exchanges, just like all other Financial Institutions and Banks, are required to practice the most stringent Know Your Customer (widely known as KYC) process. The KYC is designed to provide governing agencies and authorities with information pertaining to crypto ownerships. • But no governments can have information on Peer-to-Peer (also known as P2P) transactions unless the government in question launch a full scale Federal Investigation on certain suspected individuals seeking Wallet Developers to unveil the ownership of certain wallet addresses. Do not forget, National and Global Security trumps Privacy Act. Refusal to co-operate under the pretext of Global or National Security will only result in an out-right ban, which is exactly what happened to Blackberry. • Questions to Governments – What if Wallet Developers or Crypto Exchanges shuts down which can happen for various reasons be it foul-play, sinister or forcefully under threat? What if servers are damaged and ruined? An EMP strike or a simple magnet can make it happen. Information/identities of suspected customers of such addresses shall be lost forever and along with it the Money Trial. • The most probable way of evading Authorities with crypto assets are developing an e-wallet for own illicit purpose. Since the cost of developing an e-wallet is relatively low in considerable cost to hiding, what can governments do to flush out these ants from the vast networks of tunnels? • With Serialized Coded Crypto Assets, it doesn’t matter if servers of Exchanges or Wallets are destroyed. The Serial Codes of each token/coin enables governments of every participating country to track both origin and destination by identifying records of each token/coin in wallet address. It can disappear into a cold wallet but emerging some place later yet Authorities can still detail which particular token/coin has at one moment of time been into which wallet, on what day and date. • If the battle of financial crimes can be resolved with a simple Serialize Coded Crypto Asset, the eradication of corruptions, money laundering, unlawful proceeds and terrorism financing will be made possible. Criminals can no longer exploit the genius creation of Sathoshi – Blockchain and Crypto-Currencies. • Global Security, Anti-Terrorism Financing and Money Laundering could just be excuses granting government agencies the need to have access to financial information in the Monetary System. Nonetheless, it is in the interest of every nation that capital outflow is controlled. Capital Outflow is most frequent when the economy of a country is deteriorating. In the face of an economy meltdown, monetary flow is most needed and yet citizens tend to transfer monies further away illegally from their own country in an act of selfishness. This would not be tolerated by any country. Serial Coded Coin shall prove this attempt futile. • In most part of Asian Countries, many crypto-currency mining operations are carried out illegally. The legality sits on thin fine line where Authorities can pin only stealing of electricity as a major concern to the respective country. Since most Power Companies belongs to the Country in one way or another, it is financially damaging to Power Producers and Utility Suppliers. Serial Codes can determine if the KRATSCOIN is mined legally or illegally making it difficult for miners or mining farms to mine crypto while avoiding making electricity payments. Will this deterrent disrupt the chain of KRATSCOIN supply? That’s not how Blockchain Tech works. TAXATIONS - WHAT IT MEANS FOR PUBLIC AND GOVERNMENTS: • Taxation cannot be imposed on “Illegal & Unlawful Proceeds” instead confiscation is enforced in many countries. Origins or proceeds of Serialized Coded Crypto Assets can be easily identified by the Serial Codes in-conjunction with the Blockchain. This exercise can evidently proof the legitimacy of the aforesaid token/coin. By “Illegal & Unlawful Proceeds” also refers to crypto coins obtained via illegal mining operations. • Taxation on Crypto Assets are calculated on profits deriving from the sale/disposal of the crypto Assets. If we are small crypto believers, the amount of taxation rendered by Inland Revenue will be insignificant. Why risk Freedom of Life over Freedom of Small Monies. If we are big crypto believers, taxation on Serialized Coded Coins can be considered added security to your assets protection. • By adopting Serialized Crypto Assets, declaration is made easily possible via proof of token/coin origin via the Blockchain. If the Authorities can know where our crypto assets come from, the Authorities will know where it will disappear to. It is taxation cum insurance in one tiny sum. This added security with freedom feature will encourage self-declarations of crypto assets to Authorities and Agencies. PRIVACY & ANONIMITY: • Many may be skeptical of their wealth being tracked and monitored. But in this era of technological advance society, everything we touches has our signature. Banks, iPhones, Samsung Mobiles, Google, Facebook, Whatsapp, WeChat, LINE, Viber, Facebook, Properties, Utilities. Almost everything. It is to this fact that there is a need for Privacy Protection Act. • As explained before, Crypto Currency Exchange KYC procedures is designed to expose the identity of Crypto Assets ownership. The Blockchain is supposed to serve as a transparent information platform. The question of privacy over Serialized Coded Coins does not exist, it does not make Serialized Coded Coins ownership any less private. • Ownership of wallet addresses shall always remain anonymous while the only way Authorities can get to it is through Wallet Developers by virtue of Global/National Security Threats or by a Court Order as per the Privacy Protection Act. SAFETY & SECURITY (CODED CRYPTO VS FIAT + COMMODITIES): • No human mind can memorize the millions of serial numbers printed on fiat currencies. The records of Serialized Coded Coins will forever be in the Blockchain embedded within each transaction from wallet to wallet. • Serialized Commodities such as gold can be melted down. Diamonds recrafted. Fiat double printed. But not Serialized Coded Crypto Assets. • Should an accessory system be added into the KRATSCOIN Blockchain, allowing reports on criminal activity be made within the Blockchain, notifying all ledgers of certain stolen Serial Coded Coins, enabling WARNINGS and forbidding next transaction of that particular Serial Coded Coin, wouldn’t this function enhance protection. A theft deterrent function which can never be achieved with physical gold, diamonds or fiat. KRATSCOIN SUMMARY: • Most crypto currencies have not reach a level of security alert for governments. This could be the only reason why a possible ban has not been discussed. China and India has begun efforts to control or ban crypto currencies in their quest to combat capital outflow, writer’s personal opinion. The EU has stopped Libra from implementation. “A company cannot be allowed Authoring Power for issuance of currencies” quoted the governments. KRATSCOIN is fully decentralized with no ownership nor control by any country, company or individual. Once again, the beauty of Bitcoin decentralization concept prevails. • “There is no such thing as a world currency. However, since World War II, the dominant or reserve currency of the world has been the U.S. dollar” quoted in google.com. • Most countries have “Foreign Reserves” as backing to a country’s fiat currency. It is a mean of “back up” attempt should all factors above mentioned leading to the value of their currencies collapse. Then what will happen if the Country of the Foreign Reserves collapse? • Serial Coded KRATSCOIN belongs to no one, no country, no company and therefore theoretically shall not be effected by politics, war or global economy meltdown yet everyone, every country and every government is able to benefit from KRATSCOIN. "Quoted by" https://lintangnews.com/ada-kratscoin-ini-bedanya-dengan-bitcoin/https://0xzx.com/201910111244312902.htmlhttps://news.tokocrypto.com/tag/kratscoin-ktc/http://bbs.tianya.cn/post-lookout-836105-1.shtmlhttps://zhuanlan.zhihu.com/p/84844615
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