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FAQ – Frequently asked questions about BtcTurk

What is BtcTurk?
BtcTurk is Turkey’s first Bitcoin and cryptocurrency exchange and the fourth oldest in the world. Launched on July 1, 2013, BtcTurk has since grown to become one of the most trusted Bitcoin and cryptocurrency exchanges in the space, with our team of experienced Live Support experts ready and waiting to help our one million users.

What is a cryptocurrency exchange?
Cryptocurrency exchanges are places where cryptocurrency holders can swap one for another, with BtcTurk supporting 36 pairs. Some exchanges also offer the opportunity to exchange Bitcoin for fiat currencies, with Turkish BtcTurk users able to withdraw Turkish Lira into their Turkish bank accounts or other official, registered payment institutions.

Why should I trust BtcTurk?
BtcTurk has strived to achieve its vision of providing the safest and most reliable service to its users from the day of its launch over seven years ago. BtcTurk users are protected by a system of advanced safety methods which are regularly audited by respected international security firms.

Where else might I hear the name 'Btcturk'?
BtcTurk signed a main sponsorship deal with the Men’s and Women’s Turkish National Football Teams for two years, hoping to share success with them. With this agreement, BtcTurk became the first Bitcoin and cryptocurrency exchange in the world to sign a national football team sponsorship.

What is BtcTurk | PRO?
BtcTurk | PRO features advanced analytical tools that offer deeper analysis of the cryptocurrencies on the BtcTurk platform, such as cost graphs, advanced drawing tools, indicators and push notifications. BtcTurk | PRO was launched in 2019 and is aimed at the more professional user, although anyone can sign up for it.
BtcTurk | PRO guarantees the best and the fastest customer experience for its users, with funds and personal information secured by multi-layer security systems.

On Social Media:
https://twitter.com/btcturkpro
https://www.youtube.com/btcturkofficial
https://www.instagram.com/btcturkofficial/
https://www.facebook.com/btcturk
https://medium.com/@BtcTurk
submitted by BtcTurkOfficial to BtcTurk [link] [comments]

Syscoin Platform’s Great Reddit Scaling Bake-off Proposal

Syscoin Platform’s Great Reddit Scaling Bake-off Proposal

https://preview.redd.it/rqt2dldyg8e51.jpg?width=1044&format=pjpg&auto=webp&s=777ae9d4fbbb54c3540682b72700fc4ba3de0a44
We are excited to participate and present Syscoin Platform's ideal characteristics and capabilities towards a well-rounded Reddit Community Points solution!
Our scaling solution for Reddit Community Points involves 2-way peg interoperability with Ethereum. This will provide a scalable token layer built specifically for speed and high volumes of simple value transfers at a very low cost, while providing sovereign ownership and onchain finality.
Token transfers scale by taking advantage of a globally sorting mempool that provides for probabilistically secure assumptions of “as good as settled”. The opportunity here for token receivers is to have an app-layer interactivity on the speed/security tradeoff (99.9999% assurance within 10 seconds). We call this Z-DAG, and it achieves high-throughput across a mesh network topology presently composed of about 2,000 geographically dispersed full-nodes. Similar to Bitcoin, however, these nodes are incentivized to run full-nodes for the benefit of network security, through a bonded validator scheme. These nodes do not participate in the consensus of transactions or block validation any differently than other nodes and therefore do not degrade the security model of Bitcoin’s validate first then trust, across every node. Each token transfer settles on-chain. The protocol follows Bitcoin core policies so it has adequate code coverage and protocol hardening to be qualified as production quality software. It shares a significant portion of Bitcoin’s own hashpower through merged-mining.
This platform as a whole can serve token microtransactions, larger settlements, and store-of-value in an ideal fashion, providing probabilistic scalability whilst remaining decentralized according to Bitcoin design. It is accessible to ERC-20 via a permissionless and trust-minimized bridge that works in both directions. The bridge and token platform are currently available on the Syscoin mainnet. This has been gaining recent attention for use by loyalty point programs and stablecoins such as Binance USD.

Solutions

Syscoin Foundation identified a few paths for Reddit to leverage this infrastructure, each with trade-offs. The first provides the most cost-savings and scaling benefits at some sacrifice of token autonomy. The second offers more preservation of autonomy with a more narrow scope of cost savings than the first option, but savings even so. The third introduces more complexity than the previous two yet provides the most overall benefits. We consider the third as most viable as it enables Reddit to benefit even while retaining existing smart contract functionality. We will focus on the third option, and include the first two for good measure.
  1. Distribution, burns and user-to-user transfers of Reddit Points are entirely carried out on the Syscoin network. This full-on approach to utilizing the Syscoin network provides the most scalability and transaction cost benefits of these scenarios. The tradeoff here is distribution and subscription handling likely migrating away from smart contracts into the application layer.
  2. The Reddit Community Points ecosystem can continue to use existing smart contracts as they are used today on the Ethereum mainchain. Users migrate a portion of their tokens to Syscoin, the scaling network, to gain much lower fees, scalability, and a proven base layer, without sacrificing sovereign ownership. They would use Syscoin for user-to-user transfers. Tips redeemable in ten seconds or less, a high-throughput relay network, and onchain settlement at a block target of 60 seconds.
  3. Integration between Matic Network and Syscoin Platform - similar to Syscoin’s current integration with Ethereum - will provide Reddit Community Points with EVM scalability (including the Memberships ERC777 operator) on the Matic side, and performant simple value transfers, robust decentralized security, and sovereign store-of-value on the Syscoin side. It’s “the best of both worlds”. The trade-off is more complex interoperability.

Syscoin + Matic Integration

Matic and Blockchain Foundry Inc, the public company formed by the founders of Syscoin, recently entered a partnership for joint research and business development initiatives. This is ideal for all parties as Matic Network and Syscoin Platform provide complementary utility. Syscoin offers characteristics for sovereign ownership and security based on Bitcoin’s time-tested model, and shares a significant portion of Bitcoin’s own hashpower. Syscoin’s focus is on secure and scalable simple value transfers, trust-minimized interoperability, and opt-in regulatory compliance for tokenized assets rather than scalability for smart contract execution. On the other hand, Matic Network can provide scalable EVM for smart contract execution. Reddit Community Points can benefit from both.
Syscoin + Matic integration is actively being explored by both teams, as it is helpful to Reddit, Ethereum, and the industry as a whole.

Proving Performance & Cost Savings

Our POC focuses on 100,000 on-chain settlements of token transfers on the Syscoin Core blockchain. Transfers and burns perform equally with Syscoin. For POCs related to smart contracts (subscriptions, etc), refer to the Matic Network proposal.
On-chain settlement of 100k transactions was accomplished within roughly twelve minutes, well-exceeding Reddit’s expectation of five days. This was performed using six full-nodes operating on compute-optimized AWS c4.2xlarge instances which were geographically distributed (Virginia, London, Sao Paulo Brazil, Oregon, Singapore, Germany). A higher quantity of settlements could be reached within the same time-frame with more broadcasting nodes involved, or using hosts with more resources for faster execution of the process.
Addresses used: 100,014
The demonstration was executed using this tool. The results can be seen in the following blocks:
612722: https://sys1.bcfn.ca/block/6d47796d043bb4c508d29123e6ae81b051f5e0aaef849f253c8f3a6942a022ce
612723: https://sys1.bcfn.ca/block/8e2077f743461b90f80b4bef502f564933a8e04de97972901f3d65cfadcf1faf
612724: https://sys1.bcfn.ca/block/205436d25b1b499fce44c29567c5c807beaca915b83cc9f3c35b0d76dbb11f6e
612725: https://sys1.bcfn.ca/block/776d1b1a0f90f655a6bbdf559ff5072459cbdc5682d7615ff4b78c00babdc237
612726: https://sys1.bcfn.ca/block/de4df0994253742a1ac8ac9eec8d2a8c8b0a6d72c53d6f3caa29bb6c171b0a6b
612727: https://sys1.bcfn.ca/block/e5e167c52a9decb313fbaadf49a5e34cb490f8084f642a850385476d4ef10d70
612728: https://sys1.bcfn.ca/block/ab64d989edc71890e7b5b8491c20e9a27520dc45a5f7c776d3dae79057f59fe7
612729: https://sys1.bcfn.ca/block/5e8b7ecd0e36f99d07e4ea6e135fc952bf7ec30164ab6f4d1e98b0f2d405df6d
612730: https://sys1.bcfn.ca/block/d395df3d31dde60bbb0bece6bd5b358297da878f0beb96be389e5f0e043580a3
It is important to note that this POC is not focused on Z-DAG. The performance of Z-DAG has been benchmarked within realistic network conditions: Whiteblock’s audit is publicly available. Network latency tests showed an average TPS around 15k with burst capacity up to 61k. Zero-latency control group exhibited ~150k TPS. Mainnet testing of the Z-DAG network is achievable and will require further coordination and additional resources.
Even further optimizations are expected in the upcoming Syscoin Core release which will implement a UTXO model for our token layer bringing further efficiency as well as open the door to additional scaling technology currently under research by our team and academic partners. At present our token layer is account-based, similar to Ethereum. Opt-in compliance structures will also be introduced soon which will offer some positive performance characteristics as well. It makes the most sense to implement these optimizations before performing another benchmark for Z-DAG, especially on the mainnet considering the resources required to stress-test this network.

Cost Savings

Total cost for these 100k transactions: $0.63 USD
See the live fee comparison for savings estimation between transactions on Ethereum and Syscoin. Below is a snapshot at time of writing:
ETH price: $318.55 ETH gas price: 55.00 Gwei ($0.37)
Syscoin price: $0.11
Snapshot of live fee comparison chart
Z-DAG provides a more efficient fee-market. A typical Z-DAG transaction costs 0.0000582 SYS. Tokens can be safely redeemed/re-spent within seconds or allowed to settle on-chain beforehand. The costs should remain about this low for microtransactions.
Syscoin will achieve further reduction of fees and even greater scalability with offchain payment channels for assets, with Z-DAG as a resilience fallback. New payment channel technology is one of the topics under research by the Syscoin development team with our academic partners at TU Delft. In line with the calculation in the Lightning Networks white paper, payment channels using assets with Syscoin Core will bring theoretical capacity for each person on Earth (7.8 billion) to have five on-chain transactions per year, per person, without requiring anyone to enter a fee market (aka “wait for a block”). This exceeds the minimum LN expectation of two transactions per person, per year; one to exist on-chain and one to settle aggregated value.

Tools, Infrastructure & Documentation

Syscoin Bridge

Mainnet Demonstration of Syscoin Bridge with the Basic Attention Token ERC-20
A two-way blockchain interoperability system that uses Simple Payment Verification to enable:
  • Any Standard ERC-20 token to be moved from Ethereum to the Syscoin blockchain as a Syscoin Platform Token (SPT), and back to Ethereum
  • Any SPT to be moved from Syscoin to the Ethereum blockchain as an ERC-20 token, and back to Syscoin

Benefits

  • Permissionless
  • No counterparties involved
  • No trading mechanisms involved
  • No third-party liquidity providers required
  • Cross-chain Fractional Supply - 2-way peg - Token supply maintained globally
  • ERC-20s gain vastly improved transactionality with the Syscoin Token Platform, along with the security of bitcoin-core-compliant PoW.
  • SPTs gain access to all the tooling, applications and capabilities of Ethereum for ERC-20, including smart contracts.
https://preview.redd.it/l8t2m8ldh8e51.png?width=1180&format=png&auto=webp&s=b0a955a0181746dc79aff718bd0bf607d3c3aa23
https://preview.redd.it/26htnxzfh8e51.png?width=1180&format=png&auto=webp&s=d0383d3c2ee836c9f60b57eca35542e9545f741d

Source code

https://github.com/syscoin/?q=sysethereum
Main Subprojects

API

Tools to simplify using Syscoin Bridge as a service with dapps and wallets will be released some time after implementation of Syscoin Core 4.2. These will be based upon the same processes which are automated in the current live Sysethereum Dapp that is functioning with the Syscoin mainnet.

Documentation

Syscoin Bridge & How it Works (description and process flow)
Superblock Validation Battles
HOWTO: Provision the Bridge for your ERC-20
HOWTO: Setup an Agent
Developer & User Diligence

Trade-off

The Syscoin Ethereum Bridge is secured by Agent nodes participating in a decentralized and incentivized model that involves roles of Superblock challengers and submitters. This model is open to participation. The benefits here are trust-minimization, permissionless-ness, and potentially less legal/regulatory red-tape than interop mechanisms that involve liquidity providers and/or trading mechanisms.
The trade-off is that due to the decentralized nature there are cross-chain settlement times of one hour to cross from Ethereum to Syscoin, and three hours to cross from Syscoin to Ethereum. We are exploring ways to reduce this time while maintaining decentralization via zkp. Even so, an “instant bridge” experience could be provided by means of a third-party liquidity mechanism. That option exists but is not required for bridge functionality today. Typically bridges are used with batch value, not with high frequencies of smaller values, and generally it is advantageous to keep some value on both chains for maximum availability of utility. Even so, the cross-chain settlement time is good to mention here.

Cost

Ethereum -> Syscoin: Matic or Ethereum transaction fee for bridge contract interaction, negligible Syscoin transaction fee for minting tokens
Syscoin -> Ethereum: Negligible Syscoin transaction fee for burning tokens, 0.01% transaction fee paid to Bridge Agent in the form of the ERC-20, Matic or Ethereum transaction fee for contract interaction.

Z-DAG

Zero-Confirmation Directed Acyclic Graph is an instant settlement protocol that is used as a complementary system to proof-of-work (PoW) in the confirmation of Syscoin service transactions. In essence, a Z-DAG is simply a directed acyclic graph (DAG) where validating nodes verify the sequential ordering of transactions that are received in their memory pools. Z-DAG is used by the validating nodes across the network to ensure that there is absolute consensus on the ordering of transactions and no balances are overflowed (no double-spends).

Benefits

  • Unique fee-market that is more efficient for microtransaction redemption and settlement
  • Uses decentralized means to enable tokens with value transfer scalability that is comparable or exceeds that of credit card networks
  • Provides high throughput and secure fulfillment even if blocks are full
  • Probabilistic and interactive
  • 99.9999% security assurance within 10 seconds
  • Can serve payment channels as a resilience fallback that is faster and lower-cost than falling-back directly to a blockchain
  • Each Z-DAG transaction also settles onchain through Syscoin Core at 60-second block target using SHA-256 Proof of Work consensus
https://preview.redd.it/pgbx84jih8e51.png?width=1614&format=png&auto=webp&s=5f631d42a33dc698365eb8dd184b6d442def6640

Source code

https://github.com/syscoin/syscoin

API

Syscoin-js provides tooling for all Syscoin Core RPCs including interactivity with Z-DAG.

Documentation

Z-DAG White Paper
Useful read: An in-depth Z-DAG discussion between Syscoin Core developer Jag Sidhu and Brave Software Research Engineer Gonçalo Pestana

Trade-off

Z-DAG enables the ideal speed/security tradeoff to be determined per use-case in the application layer. It minimizes the sacrifice required to accept and redeem fast transfers/payments while providing more-than-ample security for microtransactions. This is supported on the premise that a Reddit user receiving points does need security yet generally doesn’t want nor need to wait for the same level of security as a nation-state settling an international trade debt. In any case, each Z-DAG transaction settles onchain at a block target of 60 seconds.

Syscoin Specs

Syscoin 3.0 White Paper
(4.0 white paper is pending. For improved scalability and less blockchain bloat, some features of v3 no longer exist in current v4: Specifically Marketplace Offers, Aliases, Escrow, Certificates, Pruning, Encrypted Messaging)
  • 16MB block bandwidth per minute assuming segwit witness carrying transactions, and transactions ~200 bytes on average
  • SHA256 merge mined with Bitcoin
  • UTXO asset layer, with base Syscoin layer sharing identical security policies as Bitcoin Core
  • Z-DAG on asset layer, bridge to Ethereum on asset layer
  • On-chain scaling with prospect of enabling enterprise grade reliable trustless payment processing with on/offchain hybrid solution
  • Focus only on Simple Value Transfers. MVP of blockchain consensus footprint is balances and ownership of them. Everything else can reduce data availability in exchange for scale (Ethereum 2.0 model). We leave that to other designs, we focus on transfers.
  • Future integrations of MAST/Taproot to get more complex value transfers without trading off trustlessness or decentralization.
  • Zero-knowledge Proofs are a cryptographic new frontier. We are dabbling here to generalize the concept of bridging and also verify the state of a chain efficiently. We also apply it in our Digital Identity projects at Blockchain Foundry (a publicly traded company which develops Syscoin softwares for clients). We are also looking to integrate privacy preserving payment channels for off-chain payments through zkSNARK hub & spoke design which does not suffer from the HTLC attack vectors evident on LN. Much of the issues plaguing Lightning Network can be resolved using a zkSNARK design whilst also providing the ability to do a multi-asset payment channel system. Currently we found a showstopper attack (American Call Option) on LN if we were to use multiple-assets. This would not exist in a system such as this.

Wallets

Web3 and mobile wallets are under active development by Blockchain Foundry Inc as WebAssembly applications and expected for release not long after mainnet deployment of Syscoin Core 4.2. Both of these will be multi-coin wallets that support Syscoin, SPTs, Ethereum, and ERC-20 tokens. The Web3 wallet will provide functionality similar to Metamask.
Syscoin Platform and tokens are already integrated with Blockbook. Custom hardware wallet support currently exists via ElectrumSys. First-class HW wallet integration through apps such as Ledger Live will exist after 4.2.
Current supported wallets
Syscoin Spark Desktop
Syscoin-Qt

Explorers

Mainnet: https://sys1.bcfn.ca (Blockbook)
Testnet: https://explorer-testnet.blockchainfoundry.co

Thank you for close consideration of our proposal. We look forward to feedback, and to working with the Reddit community to implement an ideal solution using Syscoin Platform!

submitted by sidhujag to ethereum [link] [comments]

Coinbase vs Uphold?

Which do you prefer?.. which is more secure or has less fees?.. coinbase is "unable to send" some usdc to my kraken account so I'm seeing if there's a better exchange that will be more streamlined and better for me. Also, wtf is up with the price of a crypto on coinbase changing between the live graph update price and the purchase price?.. it's like what you buy it at is an hour behind or 3 hours behind or maybe it charges the average for the day or something?.. either way it's frustrating. If I stay up till 4 in the goddamn morning watching the price of Bitcoin take a dive from 11,900 to 11,200usd, I would like to buy it at that low point, not at 11,750 or whateverthefuck price it gave me that it wasn't at the time!
submitted by w3llFukM35id3w4y5 to BitcoinBeginners [link] [comments]

Lines of Navigation | Monthly Portfolio Update - July 202

Our little systems have their day;
They have their day and cease to be
- Tennyson, In Memoriam A.H.H.
This is my forty-fourth portfolio update. I complete this update monthly to check my progress against my goal.
Portfolio goal
My objective is to reach a portfolio of $2 180 000 by 1 July 2021. This would produce a real annual income of about $87 000 (in 2020 dollars).
This portfolio objective is based on an expected average real return of 3.99 per cent, or a nominal return of 6.49 per cent.
Portfolio summary
Total portfolio value: $1 800 119 (+$34 376 or 1.9%)
Asset allocation
Presented visually, below is a high-level view of the current asset allocation of the portfolio.
[Chart]
Comments
The portfolio has substantially increased this month, continuing the recovery in portfolio value since March.
The strong portfolio growth of over $34 000, or 1.9 per cent, returns the value of the portfolio close to that achieved at the end of February this year.
[Chart]
This month there was minimal movement in the value of Australian and global equity holdings, There was, however, a significant lift of around 6 per cent in the value of gold exchange traded fund units, as well as a rise in the value of Bitcoin holdings.
These movements have pushed the value of gold holdings to their highest level so far on the entire journey. Their total value has approximately doubled since the original major purchases across 2009 to 2015.
For most of the past year gold has functioned as a portfolio stabiliser, having a negative correlation to movements in Australian equities (of around -0.3 to -0.4). As low and negative bond rates spread across the world, however, the opportunity cost of holding gold is reduced, and its potential diversification benefits loom larger.
The fixed income holdings of the portfolio also continued to fall beneath the target allocation, making this question of what represents a defensive (or negatively correlated to equity) asset far from academic.
This steady fall is a function of the slow maturing of Ratesetter loans, which were largely made between 2015 and 2017. Ratesetter has recently advised of important changes to its market operation, and placed a fixed maximum cap on new loan rates. By replacing market set rates with maximum rates, the peer-to-peer lending platform appears to be shifting to more of a 'intermediated' role in which higher past returns (of around 8 to 9 per cent) will now no longer be possible.
[Chart]
The expanding value of gold and Bitcoin holdings since January last year have actually had the practical effect of driving new investments into equities, since effectively for each dollar of appreciation, for example, my target allocation to equities rises by seven dollars.
Consistent with this, investments this month have been in the Vanguard international shares exchange-traded fund (VGS) using Selfwealth. This has been directed to bring my actual asset allocation more closely in line with the target split between Australian and global shares.
Fathoming out: franking credits and portfolio distributions
Earlier last month I released a summary of portfolio income over the past half year. This, like all before it, noted that the summary was prepared on a purely 'cash' basis, reflecting dividends actually paid into a bank account, and excluding consideration of franking credits.
Franking credits are credits for company tax paid at the company level, which can be passed to individual shareholders, reducing their personal tax liability. They are not cash, but for a personal investor with tax liabilities they can have equivalent value. This means that comparing equity returns to other investments without factoring these credits can produce a distorted picture of an investor's final after-tax return.
In past portfolio summaries I have noted an estimate for franking credits in footnotes, but updating the value for this recently resulted in a curiosity about the overall significance of this neglected element of my equity returns.
This neglect resulted from my perception earlier in the journey that they represented a marginal and abstract factor, which could effectively be assumed away for the sake of simplicity in reporting.
This is not a wholly unfair view, in the sense that income physically received and able to be spent is something definably different in kind than a notional 'pre-payment' credit for future tax costs. Yet, as the saying goes, because the prospect of personal tax is as certain as extinction from this world, in some senses a credit of this kind can be as valuable as a cash distribution.
Restoring the record: trends and drivers of franking credits
To collect a more accurate picture of the trends and drivers of franking credits I relied on a few sources - tax statements, records and the automatic franking credit estimates that the portfolio tracking site Sharesight generates.
The chart below sets out both the level and major different sources of franking credits received over the past eleven years.
[Chart]
From this chart some observations can be made.
The key reason for the rapid growth over the recent decade has been the increased investment holdings in Australian equities. As part of the deliberate rebalancing towards Australian shares across the past two years, these holdings have expanded.
The chart below sets out the total value of Australian shares held over the comparable period.
[Chart]
As an example, at the beginning of this record Australian equities valued at around $276 000 were held. Three years later, the holding were nearly three times larger.
The phase of consistently increasing the Australian equities holding to meet its allocated weighting is largely complete. This means that the period of rapid growth seen in the past few years is unlikely to repeat. Rather, growth will revert to be in proportion to total portfolio growth.
Close to cross-over: the credit card records
One of the most powerful initial motivators to reach financial independence was the concept of the 'cross over' point in Vicki Robins and Joe Dominguez's Your Money or Your Life. This was the point at which monthly expenses are exceeded by investment income.
One of the metrics I have traced is this 'cross-over' point in relation to recorded credit card expenses. And this point is now close indeed.
Expenditures on the credit card have continued their downward trajectory across the past month. The three year rolling average of monthly credit card spending remains at its lowest point over the period of the journey. Distributions on the same basis now meet over 99 per cent of card expenses - with the gap now the equivalent of less than $50 per month.
[Chart]
The period since April of the achievement of a notional and contingent form of financial independence has continued.
The below chart illustrates this temporary state, setting out the the extent to which to which portfolio distributions (red) cover estimated total expenses (green), measured month to month.
[Chart]
An alternative way to view the same data is to examine the degree to which total expenses (i.e. fixed payments not made on credit card added to monthly credit card expenses) are met by distributions received.
An updated version of this is seen in the chart below.
[Chart]
Interestingly, on a trend basis, this currently identifies a 'crossing over' point of trend distributions fully meeting total expenditure from around November 2019. This is not conclusive, however, as the trend curve is sensitive to the unusual COVID-19 related observations of the first half of this year, and could easily shift further downward if normal expense patterns resume.
One issue this analysis raises is what to do with the 'credit card purchases' measure reported below. This measure is designed to provide a stylised benchmark of how close the current portfolio is to a target of generating the income required to meet an annual average credit card expenditure of $71 000.
The problem with this is that continued falling credit card spending means that average credit card spending is lower than that benchmark for all time horizons - measured as three and four year averages, or in fact taken as a whole since 2013. So the set benchmark may, if anything, be understating actual progress compared the graphs and data above by not reflecting changing spending levels.
In the past I have addressed this trend by reducing the benchmark. Over coming months, or perhaps at the end of the year, I will need to revisit both the meaning, and method, of setting this measure.
Progress
Progress against the objective, and the additional measures I have reached is set out below.
Measure Portfolio All Assets
Portfolio objective – $2 180 000 (or $87 000 pa) 82.6% 111.5%
Credit card purchases – $71 000 pa 100.7% 136.0%
Total expenses – $89 000 pa 80.7% 109.0%
Summary
One of the most challenging aspects of closing in on a fixed numerical target for financial independence with risk assets still in place is that the updrafts and downdrafts of market movements can push the goal further away, or surprisingly close.
There have been long period of the journey where the total value of portfolio has barely grown, despite regular investments being made. As an example, the portfolio ended 2018 lower than it started the year. The past six months have been another such period. This can create a sense of treading water.
Yet amidst the economic devastation affecting real lives and businesses, this is an extremely fortunate position to be in. Australia and the globe are set to experience an economic contraction far more severe than the Global Financial Crisis, with a lesser capacity than previously for interest rates to cushion the impact. Despite similar measures being adopted by governments to address the downturn, it is not clear whether these are fit for purpose.
Asset allocation in this environment - of being almost suspended between two realities - is a difficult problem. The history of markets can tell us that just when assets seem most 'broken', they can produce outsized returns. Yet the problem remains that far from being surrounded by broken markets, the proliferation appears to be in bubble-like conditions.
This recent podcast discussion with the founder of Grant's Interest Rate Observer provided a useful historical context to current financial conditions this month. One of the themes of the conversation was 'thinking the unthinkable', such as a return of inflation. Similar, this Hoover Institute video discussion, with a 'Back from the future' premise, provides some entertaining, informed and insightful views on the surprising and contingent nature of what we know to be true.
Some of our little systems may well have had their day, but what could replace them remains obscured to any observer.
The post, links and full charts can be seen here.
submitted by thefiexpl to fiaustralia [link] [comments]

Hello Lightning community!

We want to introduce FixedFloat.com — instant, fully automatic cryptocurrency exchange with Lightning Network.
With us, you can exchange any altcoin to Bitcoin on Lightning Network in a few clicks.
For those who just want to try using Lightning, we created Lightning Network Faucet
Address of our Lightning Network node — [037[email protected]lnd.fixedfloat.com](mailto:037[email protected]lnd.fixedfloat.com):9735
We welcome any feedback and requests for additional/enhanced features to streamline your experience!
submitted by FixedFloat to lightningnetwork [link] [comments]

RiB Newsletter #15 – Turbofish in the Blocksea

Rust blockchain development continued at its typical blistering pace, and again it's impossible to follow everything going on.
This month we see continued advancement in zero-knowledge computing, an obvious focus from the entire blockchain industry on the DeFi phenomenon, and some new hackathons with opportunities for Rust developers.
Every month seems to bring advancements in zero-knowledge proofs, and new implementations in Rust. It is a research area that will probably impact the general computing industry eventually, and one where the blockchain industry is leading the way, and one where Rust has a huge foothold. Even projects that are not written in Rust we see implementing their zero-knowledge cryptography in Rust. But this stuff is extremely technical, and improving at a rapid pace. We fear we will never understand it.
There are several Rust blockchains now in development that are built around zero-knowledge VMs, whose smart contracts create zero-knowledge proofs:
These are networks that support nearly arbitrary computation over secret inputs. Like programable Zcash.
Speaking of Zcash, the zkSNARK pioneers announced their next-generation zero-knowledge proof system, called Halo 2, which uses a new zkSNARK construction, PLONK.
Two projects built on Rust blockchains launched this month: Serum, a decentralized exchange built on Solana; and Flux, a prediction market built on NEAR. Next month Secret Network launches their mainnet.
Finally, Mozilla laid off all but one of its full-time Rust employees. There are a few other people left at Mozilla who actively contribute to Rust as part of their role in Firefox, but this mostly ends Mozilla's commitment to Rust's development.
There's no need to worry though. Rust was designed to outlive Mozilla's withdrawal, and the project will continue nearly unaffected.

Project Spotlight

Each month we like to shine a light on a notable Rust blockchain project. This month that project is…
Fluence.
This is a blockchain with built-in software license management. We’re excited about this because license management is a rare non-currency use case for blockchains that makes a lot of sense. While we might expect to see more blockchain platforms devoted solely to digital licensing, fluence is actually a complete distributed computing platform, with a unique vision about using license management to generate profit from open source software.

Interesting Things

News

Blog Posts

Papers

Projects

Podcasts and Videos


Read more: https://rustinblockchain.org/newsletters/2020-09-02-turbofish-in-the-blocksea/
submitted by Aimeedeer to rust [link] [comments]

Blockchain is the Future of Supply Chain Internet of Things.

Blockchain is the Future of Supply Chain Internet of Things.
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The wave of change that Blockchain has spurred across different sectors is known to everyone. Technologies run on data, and a large volume of data is amassed every day. With much of information lying astray in the virtual world, there is always a probability of being hacked or altered. It is one of the reasons that companies are now exploring alternatives that can not only enhance the performance of the system but, at the same time, proved transparency and data security. The notion of fair trade, transparency, and sustainability is becoming paramount for customers, and it impacts their buying decisions.
Well, Blockchain is the panacea that most of the companies are now eyeing at. This decentralized technology started its journey as the underlying technology for Bitcoin exchange. Still, later on, it expanded its horizon, and now it finds a multitude of uses across different sectors. This technology has defenestrated the need to rely on conventional vulnerable digital platforms. Rather Blockchain provides a decentralized podium wherein peer-to-peer networking works.
Blockchain and IoT in Supply Chain
Blockchain is omnipresent. You name the technology, and Blockchain will have its use case there. Here our focus in on the IoT and supply chain. Both these are a pillar for modern-day business functioning. At the same time, connected devices ensure seamless integration. We are living in the era of connected devices, and this reliance is increasing. The supply chain forms the pillar of every organization, and its seamless functioning is paramount for increasing the business’s productivity.
Some of the problems associated with the conventional supply chain system are that it lacks transparency, tracking of information, and prominence of red-tapism. With all these issues into the picture, the supply chain system fails to work at its best potential. But, with the intervention of Blockchain technology, we can expect the system to become more productive and transparent.
Blockchain’s key features like provenance, transparency, decentralization, data security, and no third-party interference. With all these features, the Blockchain platform becomes a key help when it comes to removing the bottlenecks of conventional platforms. There is a lot of data about companies in the virtual world; when we merge all this data with Blockchain, it gets encrypted cryptographically, thus providing data security.
Another area where Blockchain and IoT can work is when it comes to paperwork. Transportation of a container from one place to another. If we take this example in a conventional platform, then there would be many intermediaries. Still, when it comes to Blockchain and IoT, then all the process gets automated and digitalized along with the security of information. This is eventually going to increase the productivity of the business.
Conclusion- From the above discussion, you can decipher that presence of advanced technologies like Blockchain and IoT is going to boost the supply chain system, and thus helping the business grow by gaining the trust of customers. Thus, it will lead to a demand for professionals who can leverage the best of both these technologies, and if you wish to make a career in this domain, then there is no better time than starting today. Enroll for Blockchain training or online Blockchain certification program by Blockchain Council to make your career graph grow.
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Weekly Update: 2gether has 40k users, $BOMB on Uniswap, Ghost data service, Constellation State of the Union…– 5 Jun - 11 Jun'20

Weekly Update: 2gether has 40k users, $BOMB on Uniswap, Ghost data service, Constellation State of the Union…– 5 Jun - 11 Jun'20
Hey everyone! This is Part IV of VI from our May-June update catchup series (5 Jun - 11 Jun'20):

Yosma's Cheerful Cassowary beat Eva's Bright Beetle in a quick finale to win this week's Parena which had a massive $PAR pot thanks to a generous donation from Tony. Gamer Boy’s “Random Gk” and “Renewal from January” quizzes in Tiproom were fun as always. Plus, there were 10k $PAR in prizes. Cool! Charlotte’s “Mega Trivia” got everyone scratching their heads. CoD Mobile gamers were in for an epic time this week with Tavo hosting a tournament with a 3k $PAR pot in the Parachute War Zone. Two-for-Tuesday slid into the "rap, reggae and reggaeton" mode this week. Click here to listen to the playlist. Thanks Sebastian for setting it up! If you have been around for a while, you’ll know that Clinton’s charity, For Living Independence, does some amazing work. So the next time you shop on Amazon, don’t forget to show some love though AmazonSmile.
Cap and crew made their voices heard in NYC this week in solidarity with George Floyd
Congratulations to 2gether for crossing the 40k user mark this week. A new way for account top ups was introduced as well. This week’s CEO email covers news on the latest UX and the 2GT token. Youtuber Funontheride featured the email in his video. Filippo Angeloni covered the latest updates in his newest video as well. Founder Savador Casquero wrote about crypto staking in an Investing.com article. MakerDAO covered the 2gether card in its blog post on crypto debit cards. Following the XIO dApp update from last week, Citizens brainstormed about the UI this week. Citizens also talked about some of their contrarian beliefs in crypto. Bomb community started a Uniswap rewards program. Voyager raised USD 2.1M through a private placement from investors such as Streamlined Ventures, Susquehanna, Market Rebellion etc. Their stock has seen some enormous growth this year too. CEO Stephen Ehrlich shared his thoughts on the crypto market in a recent Bloomberg article. The team also took inputs from the community on which crypto to list next. John McAfee announced a Ghost cell phone data service to be released in September. Check out how the eSIM will work from the sneak peek video. The list of supported phones is mentioned here. And hope you had good fun in ParJar Gaming while winning some cool $ESH. A new set of upgrades were pushed to the Fantom Wallet. For the latest technical update on the project, click here. This week, I also wrote a Hackernoon article (with my co-author Rohit) exploring projects which had unique variations to Proof-of-Stake for their chain consensus. Among the projects featured were Fantom, COTI and Harmony. Jeff from Uptrennd will be speaking at the LA Blockchain Summit in October this year. The winners of the Blockchain Awards were announced. The newest Opacity release allows expired accounts to be revived within 2 months of expiry.
Fantom, Harmony and COTI take up a tiny but growing slice in the global staking pie
Catch up on the latest District0x weekly update and dev update from here and here respectively. The Q1 2020 report was released as well. The project is still sitting on a healthy crypto asset base of USD 4M+. Hydro team shared a guide to choosing a prepaid debit card program manager. Their PaaS report was also covered by Finovate this week. A new research page for featuring all of Hydro’s fintech research material was released. The successful applicants of the Project Hydro Decentralization Ambassador Program (which started in May) were voted upon this week and 7 DAs were elected. Silent Notary, Ubikiri and IDL integrations were completed this week with Silent Notary now appearing in Applications section of Ubikiri. A roundup of the latest updates was published as well. Sentivate founder Thomas Marchi sat down for an interview with MineYourBiz Monday’s NrdGrl007. Mycro announced that Chaia.io will be hosting a campaign on the Mycro Hunter App soon. SelfKey’s Data Breach compendium was updated this week. And if you’re a Product Designer looking for remote work, don’t forget to check out this opening at SelfKey. What next for Constellation? Watch the Constellation Network State of The Union to find out. Their educational group Startdust Collective made a brand video and a high level explainer article on the HyperGraph Transport Protocol. Pynk is thinking about doing a global crowdfunding campaign as opposed to one that is restricted to certain countries only. In light of this, the Pynk Crowd Wisdom was put to work to find out the best way to go about this.
Results of the Project Hydro DA Elections
Wibson’s latest app update was covered by Cointelegraph and Europe World News. Click here to catch up on this week’s detailed work thread from the Harmony project. A recent Harmony ecosystem is the SmartStake dashboard to check staking stats. Sprout Wallet now supports core utilities of HRC20 tokens. The team sat down for an AMA with Binance India and KuCoin this week. Next week they will be doing another AMA with the larger Binance community. Some insights about the Harmony grants were shared in this week’s community call. Read up on Intellishare founder Raymond Xiong’s thoughts on DAOs which he shared as part of a speaker panel at the 2020 Digital Innovation Project Exchange Conference. The team also published a post on how they aim to solve the DeFi congestion. The TestNet is expected to arrive soon as well. After the latest livestream of DI-RECT’s concert which saw ~10k attendees, GET Protocol announced that they will be facilitating tickets to the follow-up show as well. A recap of the COTI journey was published to mark the one-year anniversary of the project and the occasion was celebrated with a fun trivia. DoYourTip community voted to have liquidity rewards for pooling $DYT on Uniswap.

And with that, it’s a wrap! See you again with another update. Ciao!
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Adult entertainment trough Devil´s Dragon Token

Adult entertainment trough Devil´s Dragon Token
Hello everyone, In this post I would like to talk about some of the DDGN Token features and company achievements.
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The company aims to revolutionize adult entertainment trough blockchain innovations presenting the opportunity to the user to be an active participant in this field using the Ecosystem. DEVIL´S DRAGON TOKEN is fully decentralized autonomous and encrypted. It offers the option to share, publish, and earn through selling, trading, exchanging, and utilizing the features of its ecosystem. A unique multi-use cryptocurrency with many active sites bringing new business models to life and disrupting the high set price of contemporary adult entertainment. DEVIL´S DRAGON TOKEN is a Ethereum based token that will be able to be used with any other Blockchain project or technology that is already operating.
DDGN is used on active sites to access related and wanted content. The full list can be found on the website by clicking on “Sites” or scrolling down. https://www.devilsdragon.com
TOKENOMICS. (ICO Information / Token Economy) Token name: DRAGON DEVIL Token Symbol: DDGN - Supply Token: 180 000 000 NOT MINTABLE Decimal: 18 - Token type: ERC20 CURRENT STATUS: Under Crowdsale with 5% PRE-SALE Token value 2000 DDGN = 1 ETH for PRIVATE - ONLY PRESALE In ITO sale the rate will be 1000 DDGN = 1 ETH START PRESALE: 2020-08-15 00:01 END: 2020-08-31 23:59
!Please note that only Ethereum is accepted. This will ensure transparency and prevent any fraudulent activities that may impact the value of the coins negatively!
Token Allocation: • Presale (PRIVATE SALE) 5% (All unsold tokens will be burned) • Crowdsale 55% (All unsold tokens will be burned) • Team & Partners 9% (Only used for new partnerships and strengthen the Team) • Reserved 6% (For Exchange and Legal Purposes) • Ecosystem 18% (Only used on our platforms like us write in our White Paper) • Development Team 2% (Used only for development and purposes none of these tokens will be sold) • Founder 4% (Used for administrative, regulatory and internal ecosystem needs only) • Ext Developer 1% (Non-Team Developers to be used for Testing and other Development Purposes on all Ecosystems and their features).
At this point DDGN is already listed on MyCryptoCheckout.
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The ways to earn will be further possible by rewards and revenue sharing, live broadcasts, moderating content for the approval or disapproval of forum posts, mining for content, and arranging unused hard disk space. These are set just at the start point. The potential of the new features immense.
Presented Roadmap looks great: • Early 2018. KISSES TECH Established as a Czech Company (February) • Between the beginning of 2018 and the end of 2019. Fixed Adult Entertainment Coin + Many other projects related to Adult Entertainment and Blockchain to evolve and gather together: DDGN • Early 2020 Launch of the DDGN Project • Mid 2020 Launch of ETHpimp Q3 2020 ITO DDGN • Late 2020 Alpha version of the DDGN Dedicated Video Platform with a Decentralized Prize Service for Display and Manufacturing works with DDGN. On this platform the goal is to use a few supporting protocols such as ERC721 to make the videos like unique fine art creations. Luring a new business model which is fairer and more transparent. More Active Sites and More Partners for Ecosystems Alpha Version and Initial Registration First Delivery of Crowd Content Funding Network with Prizes & Decentralized Direct Revenue Sharing on the Stock exchange list
• Early 2021 DDGN Platform Beta Version Dedicated Videos that Live Immediately with Real Rewards and Share Earnings for Views & Creations CDCFN.COM Fully Active with the Distribution of Live Prizes and Adding New Sites to the Ecosystem makes DDGN more rare, enjoyable, and valuable to everyone involved.
Also surfing the blog (https://www.devilsdragon.com/blog) I found very interesting facts about CDCFN (Content Delivery Crowd Funding Network): www.cdcfn.com
A forum like website on which people share their original content and earn rewards in DDGN (Devil´s Dragon) Earned DDGN, as mentioned before will be available for exchanging to Bitcoin, Ethereum or other currency. The platform has a members shop, too, where members can earn and spend their earned tokens (DDGN) they gained from the site. Members Shop is integrated to work along side loads of other applications & plugins. Below is presented DDGN Tokens Earning System
  1. Forums - will allow member to earn tokens for starting topics, replying to other topics or to their own one.
  2. Downloads – Earning by uploading files on the platform, reviewing, commenting. Also receiving tokens for each download of their uploaded file.
  3. Calendar – Earning by submitting events, reviewing and commenting on the events.
  4. Gallery - Allowing members to earn for uploading images, reviewing and commenting on images.
  5. Commerce – Earning for a review on a product
  6. Reactions - Allowing members to earn DDGN Tokens for receiving reactions from their content.
  7. Clubs - Awarding users for joining a club and creating topics, replying and uploading files in clubs.
  8. Media Uploader - Awarding DDGN Tokens to users for uploading documents, images, audio and video files.
  9. Bonus DDGN Tokens – Awarding users on a daily, weekly and monthly basis. The user will have to log in at least on time in that period.
  10. Award DDGN Tokens - Awarding DDGN to your selected members or user groups via the ACP. On the user profile a section will be possible to add showing the amount of DDGN and a link to donate. The platform will have integrated Warning System which penalizes members if they receive a warning by removing DDGN tokens and setting different amounts of DDGN for different warn reasons. Members Shop Items – allowing members to spend their tokens Each item can be created unlimited times and admins can select different prices and permissions Creating categories to place the items in Setting moderator permissions to allow certain members to buy items for free All items use their own code Each item can have its own permission settings to select what usergroups can view it, buy it or send it Members can sell back their unwanted items at a cost of a certain % of the items price admins will set in the ACP After a user stores an item it will store the rewards for that purchase, so say they store multiple items, then at a later time admins change the rewards for that item in the ACP, they will still receive the rewards set when they purchased the item The list of default items: • Opening a random post count mystery box • Opening a random reputation DDGN Tokens mystery box • Changing username • Changing member title • Adding or editing signature • Uploading an avatar • Opening a mystery DDGN Tokens box • Opening a mystery items box • Resetting users´ warning DDGN Tokens • Allowing members to go browse anonymous until their session ends • Viewing a password from a password protected forum • Playing Rock, Paper, Scissors, Lizard, Spock • Allowing users to pin topics for a selected amount of days • Allowing members to feature files for a selected amount of days • Upgrading usergroup for x amount of days, months or years • Gambling to win a random trophy from Trophy’s & Medals • Buying a trophy from Trophy’s & Medals • Buying a medal from Trophy’s & Medals • Guessing the number • Embedding a video to profile • Uploading an image to use as a background on profile • Sending a personal sticky note • Adding / Editing social info • Custom Codes / Vouchers / Coupons • Creating custom codes for members to purchase including game codes / voucher codes and so on • Once a user redeems this item they will instantly receive a PM with the code attached
List of custom items: • Each Custom Item has to be manually awarded to the members, it could be for a coupon code, it could be anything • Choosing to receive a notification or email saying x member brought x custom item and admins need to award it • Showing a table in the ACP with all custom purchases users have brought showing if the item has been awarded or not • Adding a block to the ACP dashboard with the total amount of items admins need to award manually
Statistics Pages : • Shows a statistics page with a graph of the global DDGN Tokens gained on platform per day / week / month • Shows another statistics page with a graph of the amount of shop items purchased globally and the global DDGN Tokens spent per day / week / month • Shows a 3rd statistics page with a graph of the global DDGN Tokens won using items what you gamble your DDGN Tokens with
Members Bank: • Allowing members to store their DDGN Tokens in a bank • Charging members to deposit their DDGN Tokens • Awarding interest to members each month on their banked DDGN Tokens • Members can view all their transactions in a nice and tidy pop up table • Showing a table in the ACP with all the members who have created a bank account • Showing a 3D pie chart in the ACP with the DDGN Tokens per member group • Showing a 3D pie chart in the ACP with the current interest to pay per usergroup • Showing a graph of the banks transactions from your selected time periods
ACP: • Showing a table listing all Normal items purchased with all the information of the item purchase • Showing a table listing all custom items purchased with all the information of the item purchase • Showing a table listing all custom code items purchased with all the information of the purchase • Showing a table listing all the membergroup upgrade items purchased with all the information of the upgrade, expire date
• Choosing what user groups can gain DDGN Tokens with-in the forums / downloads / reaction settings • Generating unique purchases • Showing the shop items in a nice and clean node table giving you the ability to drag and drop them to different categories and sort them in your preferred positions • Selecting the amount of items to show per page in the shop and items page • Choosing the select to view the shop page / items page / rewards & logs page from either a table view or a nice new grid view • If admins allow users to send items to others admins can select a % of the value of the item to charge the users to send that item • Picking to show either a category in the sidebar of show the categories in a filter button on the table itself • Adding a block to the ACP dashboard showing the amount of custom items admins need to award to the users
With that said, I would like to hear your opinion about the project and the features that the team provides for us!
All this information and much more can be found on the below links.
Website: https://www.devilsdragon.com/
White paper: https://www.devilsdragon.com/whitepaper.pdf
Blog: https://www.devilsdragon.com/blog/
ANN: https://bitcointalk.org/index.php?topic=5260322
Facebook: https://www.facebook.com/devilsdragonofficial
Twitter: https://twitter.com/dragon_devils
Discord: https://discord.com/invite/xCwyntG
Reddit: https://www.reddit.com/useDevilsDragon
Telegram: https://t.me/devilsdragon_official
E-mail: [email protected]
Company behind of DDGN Token and development of the platform is KISSES TECHNOLOGY (Group) s.r.o
About the author: Proof of authentication link - https://bitcointalk.org/index.php?topic=5260492.msg54989967#msg54989967 Bitcointalk Username - ijeb Bitcointalk URL - https://bitcointalk.org/index.php?action=profile;u=1668500
submitted by ijeblowrider to u/ijeblowrider [link] [comments]

Masked Hero’ Calling to ‘Buy Bitcoin’ Amidst the Peaceful Protests and Riots in the US

Bitcoin is taking an active part in the riots across America.
People are protesting since last week over the death of George Floyd, a black man who died while pleading for air as a white Minneapolis officer jammed a knee into his neck.
One protestor in the Los Angeles neighborhood talked about opting out of the current scenario by moving into bitcoin. He said,
“WE LIVE IN A SYSTEM THAT WILL NOT ALLOW US TO THRIVE. […] MY MACRO SOLUTION FOR EVERYONE IS TO OPT OUT AND EXIT THE ECONOMY AS A WHOLE AND THE WAY WE DO THAT IS BY BUYING BITCOIN.”
“Who is this masked hero?” enquired Jesse Powell, founder and CEO of cryptocurrency exchange Kraken on Twitter.
The protests erupted only recently but it needs to be pointed out that in the first five months of 2020, things weren’t going well either. People were under lockdown due to the coronavirus pandemic that resulted in unemployment soaring to nearly 24% with jobless claims since mid-March at a staggering 40.8 million.
While people are struggling to fed their family and pay their rent and mortgages, US Federal Reserve printed money and stocks are flying.
THE DISCONNECT BETWEEN THE ECONOMY AND THE FINANCIAL MARKETS IS NOW THE GREATEST IT’S BEEN SINCE ANCIENT ROME.
This wasn’t the first incident of bitcoin being highlighted during the protests either.
Earlier this week, another protester in Dallas carried a sign saying “Bitcoin will save us,” much to the ire of the people both from inside and outside the crypto industry.
Another one has been in Raleigh, North Carolina, where the poster of the protester read “Bitcoin & Black America” referring to the book authored by Isaiah Jackson.

BITCOIN IS THE PEACEFUL PROTEST.

Crypto industry has also been sharing its solidarity to the cause with Ripple CEO Brad Garlinghouse supporting those “who are fighting to save Black lives,” although he “can’t ever fully understand the pain of our Black community that recent and past events have caused.”
Bitcoin has been a part of protests in other parts of the world as well. Last year, the pro-democracy movement in Hong Kong supported the adoption of the digital currency. Also, in countries like Venezuela, Argentina, Chile, and others, cryptocurrencies played a role.
Markets Rising amidst the Chaos
For the first time in about a month, this week the price of bitcoin also jumped above $10,000 amidst the raging protests, although we are back to $9,500.
But bitcoin isn’t the only one, while many cities are on fire in the US, the S&P 500 enjoyed its greatest 50-day rally in history while struggling with the coronavirus pandemic.
If history is any indication, these 37.7% returns would further expand in the days ahead.
THE #GEORGEFLOYDPROTESTS HAVE HAD ZERO AFFECT ON THE STOCK MARKET.
HERE’S A GRAPH OF THE DOW JONES INDEX SINCE #GEORGEFLYODMURDER. AS YOU CAN SEE, IT JUST KEEPS GOING UP.
THE POOR ARE IN PAIN, THE COUNTRY IS ON FIRE, BUT THE RICH KEEP GETTING RICHER. PIC.TWITTER.COM/TYDIY09PAS
— MATI GREENSPAN (TWEETS ARE NOT TRADING ADVICE) (@MATIGREENSPAN) JUNE 3, 2020
The reason behind this disconnection between the stock market and the economy is the trillions of dollars injected into the market by the Federal Reserve and government. Trader and economist Alex Kruger said,
“EUROPE SHARPLY REDUCING POLITICAL TAIL RISK, JAPAN FISCAL PACKAGE 40% OF GDP, CHINA FEARS OVERDONE AS TRUMP STEPS BACK, ECONOMIES REOPENING, US RIOTS THE MARKET HAS SPOKEN. HENCE WHY SO MUCH GREEN.”
But the widespread civil rest in the US could act as a headwind for stocks. Currently, bitcoin is trading at above $9,600 and is expected to hit $20,000 this year.
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XRP Isn’t A Security, Declares Former CFTC Chairman

XRP Isn’t A Security, Declares Former CFTC Chairman
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When Chris Giancarlo was the chairman of the Commodity Futures Trading Commission he became a rock-star of sorts in certain corners of the cryptocurrency community, helping establish criteria that eventually led to bitcoin and ethereum being declared commodities, more like coffee or sugar than stock in a company. The U.S. Securities and Exchange Commission largely followed suit, eventually also declaring that bitcoin and ether, the cryptocurrency powering the ethereum blockchain weren’t securities.
Now chairman emeritus Giancarlo, who was deemed “Crypto Dad” following an impassioned speech he gave to Congress where he credited bitcoin for finally getting his kids interested in finance, is at it again, having co-written a detailed argument published this morning in the International Financial Law Review for why XRP, the cryptocurrency formally known as “ripples,” was also not a security. The only problem is he’s no longer a regulator. In fact, his employer is on the payroll of Ripple, the largest single owner of XRP, whose co-founders actually created the cryptocurrency.
The bombshell paper, titled, “Cryptocurrencies and U.S. Securities Laws: Beyond Bitcoin and Ether,” co-authored by commodities lawyer Conrad Bahlke of New York law firm Willkie Farr & Gallagher LLP, methodically reviews the criteria of the Howey Test, established by the SEC in 1946 to determine whether something is a security, and point-by-point argues that XRP does not qualify. Rather, the paper argues, like its name would indicate, cryptocurrency is a currency of perhaps more interest to the Federal Reserve and central banks than securities regulators.
What’s at stake here to the cryptocurrency world cannot be overestimated. XRP is now the fourth largest cryptocurrency by market cap, with $5.9 billion worth of the asset in circulation according to cryptocurrency data site Messari. While Ripple was valued at $10 billion according to its most recent round of funding, the company continues to fund itself in part by selling its deep war chest of 55.6 billion XRP, coincidentally valued at the same amount as the company itself.
Not only could an eventual decision by the SEC to classify—or not classify—XRP as a security impact the untold individual owners of the cryptocurrency, but other clients using Ripple services that don’t rely on the cryptocurrency, including American Express, Santander, and SBI Holdings could stand to be impacted positively or negatively depending on the decision. After all if XRP were to be rescinded it would be a huge cost to their software provider. If Giancarlo is right though, Ripple could end up being one of the most valuable startups in fintech.
“Ultimately, under a fair application of the Howey test and the SEC’s presently expanding analysis, XRP should not be regulated as a security, but instead considered a currency or a medium of exchange,” Giancarlo and Bahlke argue in the paper. “The increased adoption of XRP as a medium of exchange and a form of payment in recent years, both by consumers and in the business-to-business setting, further underscores the utility of XRP as a bona fide fiat substitute.”
Giancarlo was nominated to be a commissioner of the CFTC by then-President Barack Obama in 2013. In 2015, he helped lead the thinking behind the CFTC’s decision that bitcoin and other cryptocurrencies were commodities, paving the way for the SEC’s related comments that neither bitcoin nor ethereum are securities. Then, at the height of the 2017 cryptocurrency bubble President Trump nominated him to be Chairman of the CFTC, where he oversaw the creation of a number of bitcoin futures projects, including at CME Group and the short-lived effort at Cboe.
While many blame the creation of bitcoin futures for popping the 2017 price bubble, which almost hit $20,000 before halving today, others have seen the works as a fundamental process of maturity, helping pave the way for more sophisticated crypto-enabled financial offerings. Giancarlo’s last day in office at the CFTC was in 2019, after which he promptly got involved helping envision the future of assets issued on a blockchain. In November he joined as an advisor to American Financial Exchange, using ethereum to create a Libor alternative. The following January he co-founded the Digital Dollar Project leading the push to use blockchain at the Federal Reserve and now it would seem he’s hoping to influence the classification of XRP as he did for bitcoin and ethereum, but from the other side of regulation.
Importantly however, a footnote in the report discloses that not only is Giancarlo and Bahlke’s firm, Willkie Farr & Gallagher LLP counsel to Ripple Labs, but they “relied on certain factual information provided by Ripple in the preparation of this article.” While it’s impossible to parse what information came from the co-authors and what came from Ripple, the resulting legal argument is fascinating, even if it does leave room for doubt.
The Howey test Giancarlo uses to bolster his arguments is a three-pronged definition used by the SEC, none of which he says apply to XRP. The first prong, is that an investment contract should be implied or explicitly stated between the issuer of the asset, in this case XRP and the owner, in which money exchanges hands. “The mere fact that an individual holds XRP does not create any relationship, rights or privileges with respect to Ripple any more than owning Ether would create a contract with the Ethereum Foundation, the organization that oversees the Ethereum architecture,” he writes.
This does however overlook the fact that OpenCoin, credited on Ripple’s own site in 2013 for creating XRP (then tellingly described as “ripples”), was run by many of the same people that founded Ripple. The original creators of XRP then donated the vast majority of the assets to Ripple, which they also ran, creating a sense of distance, tacit though it may be. The actual data around the creation of XRP was also muddled by a glitch in the code that means unlike bitcoin and ethereum the crucial genesis data is no longer attached to the rest of the ledger. The rebranding of “ripples” as XRP further extended the sense of distance between XRP and Ripple, followed by an aggressive campaign to get media to stop describing the cryptocurrency as “Ripple’s XRP.”
With so much distance between the company that actually created XRP and the company that now owns more than half of it, one would be forgiven for wondering, if there was an implied contract between OpenCoin and XRP owners, does the donation from one group of people at one company to a very similar group of people at another company sever that responsibility? In spite of the sense of distance created by Ripple between itself and the cryptocurrency its co-founders created, a number of active lawsuits alleging securities violations have been filed. In all fairness though, Giancarlo appears to recognize this prong may not be Ripple’s strongest defense and concludes the section, hedging: “Even if XRP were to satisfy one or two of the “prongs” of the Howey test, it does not satisfy all three factors such that XRP is an investment contract subject to regulation as a security.”
The second prong of the Howey test stipulates that there can be no “common enterprise” between shareholders or a shareholder and the company. While refuting both relationships, Giancarlo curiously goes onto to write that “given the juxtaposition between XRP’s intended use as a liquidity tool, its more general use to transfer value and its potential as a speculative asset, XRP holders who utilize the coins for different purposes have divergent interests with respect to XRP.”
Ironically, there has always been a widely held belief that owning a cryptocurrency would unify interests around a single goal: to co-create the infrastructure that lets the cryptocurrency exist and ensure it was vibrant and diverse. Meanwhile, XRP, in spite of its aggressive supporters on social media, is one of the least diverse ecosystems, with the vast majority of serious development being done within Ripple. If XRP owners aren’t expecting an increase in value from the work being done by Ripple, they certainly aren’t nearly as involved in helping build that future as are owners of bitcoin and ethereum.
In a related issue, the third prong of the Howey test stipulates that “no reasonable expectation of profit should be derived from the efforts of Ripple,” according to the paper. Supporting this position, Giancarlo writes: “Though Ripple maintains a sizable stake of the XRP supply and certainly has a pecuniary interest in the value of its holdings, it is not enough to suggest that a mutual interest in the value of an asset gives rise to an expectation of profits as contemplated by Howey.” Again, this strains credulity.
According to its own site, Ripple currently has access to 6.4% of all the XRP ever created. But that doesn’t count the 49.2% of the total XRP Ripple owns, but is locked in a series of escrow accounts that become periodically available to Ripple and Ripple alone. Adding those two percentages together leaves a float of only about 44% of XRP that has been distributed for public ownership. For some comparison, Facebook went public the same year XRP was created and has a 99% float, according to FactSet data, meaning almost all of its stock is in the hands of traders.While Ripple does also have more traditional stock, this distribution shows that Ripple might not be as distributed as it claims.
While it’s perhaps no surprise that Giancarlo would come out on the side of his own client, there’s also plenty of other reasons to believe his argument may in fact hold water. In February 2018, the notoriously compliant exchange Coinbase added support for XRP, something it would unlikely do if it were concerned it might accidentally be selling an unlicensed security. Perhaps most tellingly though, Ripple has also been granted a difficult-to-obtain BitLicense from the New York Department of Financial Services, giving it the blessing of a respected regulator. However, while the license was granted after then-superintendent Benjamin Lawsky stepped down from the regulator, it's perhaps no coincidence that a year later he joined Ripple on its board of directors and is now active in the cryptocurrency space. Perhaps a similar fate is in store for Giancarlo.
Editor’s note: This article has been updated to clarify that Ripple Labs is a client of Giancarlo’s law firm.
submitted by wazzocklegless to u/wazzocklegless [link] [comments]

AT2: Asynchronous Trustworthy Transfers

AT2, a fairly new unknown tech to create a decentralized asset transfer system without blockchain.
This week there was an article @ www.computing.co.uk. See below.
link: https://www.computing.co.uk/feature/4017118/at2-answer-cryptocurrency-energy-performance
AT2 paper: https://arxiv.org/pdf/1812.10844.pdf

Could AT2 be the answer to cryptocurrency's energy and performance problems?
Blockchains are slow, wasteful and ill-suited for digital currencies, say researchers who believe they've found a better way
Blockchains solve a hard problem: how to ensure consensus across a distributed, decentralised network, where messages arrive out of order if at all, where individual nodes may fail, and where a certain proportion may be actively malicious.
The original blockchain, bitcoin, was designed to support a novel digital currency, and the issue its consensus algorithm solved was preventing double-spend. It also successfully introduced game theory for security: adversaries would have to spend more money on an attack than they could expect to gain financially. All this and the original protocol was just a few hundred lines of code.
But this achievement came at a high cost in terms of energy use and performance.
With bitcoin, a new leader is required to verify each block of transactions, that leader being the first device to complete a computationally heavy challenge (Proof of Work, PoW). As a result, the blockchain's throughput is painfully slow at around seven transactions per second (Visa claims it can do 56,000) and the whole process is massively wasteful of energy. These drawbacks have been surmounted, to some degree, in newer blockchain designs using overlay networks, sharding and different types of "proofs of" and by non-blockchain directed acyclic graphs (DAGs), but each requires tradeoffs in terms of centralisation, complexity or security.
A group of researchers led by computer scientist Professor Rachid Guerraoui of Swiss University Ecole Polytechnique Fédérale de Lausanne (EPFL) decided to look afresh at the problem. Is this gargantuan security apparatus, in which every node in a network of thousands or millions must come to a consensus about the ordering of events, really necessary everytime someone makes a purchase? Could a leaderless mechanism be applied to the problem instead? If so, could it be guaranteed to be reliably consistent, even when a certain number of nodes are malicious or faulty (Byzantine)?
The headline answer, published in an initial paper last year, is that network-wide consensus is overkill for simple asset transfers. If cryptocurrencies could be rebooted, all the fossil fuels burned by miners of bitcoin and its clones could be left in the ground and Visa-level transaction speeds could be achieved without any loss of security or reliance on centralised control. As compact as Satoshi's original bitcoin protocol itself, the few hundred lines of code that make up their Asynchronous Trusted Transfers (AT2) algorithm could solve some of the tricky problems that have plagued decentralised token-based networks from the off.
AT2 can be used to validate transactions within two different decentralised networking scenarios: (1) permissioned or small unpermissioned networks, and (2) global scale unpermissioned networks. In the first case, the algorithm uses quorum for validating actions, whereby a certain proportion of the network's nodes must agree an action is correct before it can take place. The second scenario, networks made up of very large number of machines (nodes), uses probabilistic sampling. Instead of asking all nodes it checks a number of randomly selected nodes for their viewpoint. This is much more efficient and scalable than the deterministic quorum but carries a tiny (ca. 10-15) possibility of failure.
Doing away with network-wide consensus means AT2 sidesteps the bane of decentralised networks, the FLP Impossibility - the theory that in a fully asynchronous system, a deterministic consensus algorithm cannot be safe, live and fault-tolerant.
Computing caught up with Matteo Monti, who worked on the statistical aspects of AT2, and by email with Guerraoui to find out more. We also spoke to David Irvine of networking firm MaidSafe, which has adopted AT2 to simplify its consensus process.

Incentivising improvements
We asked Monti (pictured) to summarise the innovation that AT2 brings to the table.
"What we noticed is that there's a specific subclass of problems that can be solved on a decentralised, distributed network without requiring consensus," he said. "The main use for consensus at the moment, cryptocurrency transactions, is part of that class. We can solve this using a weaker abstraction and in doing so you gain the ability to work in a completely asynchronous environment."
Bitcoin doesn't even solve consensus well. It solves eventual consensus which an even weaker abstraction, he added, whereas AT2 can guarantee strong eventual consistency. Another issue it tackles is PoW's incentivization model which means that improvements in technology do not translate into a better performing network.
"With bitcoin, the bottleneck is always electricity. If everyone doubles their computational speed it's not going to change the efficiency of the network. Everyone's competing not to compute but to waste energy."
In place of PoW, AT2 uses ‘Proof of Bandwidth', i.e. evidence of recent interaction, to verify that a node is real. Since it doesn't rely on consensus, the performance of AT2 should allow messaging speeds across the network that approach the theoretical maximum, and improvements in hardware will translate into better overall performance.

Security measures
Blockchains like bitcoin are extremely resilient against Sybil attacks; bitcoin is still running after all, in the face of unwavering opposition from powerful nation states and bankers. Sybil attacks are a major vulnerability in permissionless decentralised networks where anyone can join anonymously, but there are others too.
Monti said the most challenging aspect of designing the AT2 algorithm was distilling all the potential types of dangerous Byzantine behaviour into a manageable set so they could be treated using probability theory. As a result of studying many possible failure scenarios, including Sybil, the algorithm is able to quickly react to deviations from the norm.
Other security features flow from the fact that each network node needs to know only a limited amount about its counterparts for the system to function. For example, the randomness used in sampling operations is generated locally on the calling device rather than on the network, making this vector hard to utilise by an attacker looking to influence events.
Signals are passed across the network via a messaging system called Byzantine Reliable Broadcasting (BRB) a gossip-based method by which nodes can quickly and reliably come to an agreement about a message even if some are Byzantine.
As a result of these features, AT2 does not rely on economic game theory for security, said Monti.
"I'd go as far as saying that the moment you need to implement an economic disadvantage to attacking the system, it means that you failed to make it impossible to attack the system. We don't care about your interests in attacking the system. What we want to achieve is a proof that no matter what you do, the system will not be compromised."

‘Crypto-Twitter'
AT2 starts with the simple idea that rather than requiring the whole network to maintain a time-ordered record of my transactions (as with a blockchain or DAG), the only person who needs to keep that tally is me.
If I decide to spend some money, I merely announce that fact to the network over BRB and this request will be held in a memory snapshot escrow. Depending on the network type, a representative sample or a quorum of other nodes then check my balance and inspect my ordered transaction history to ensure that the funds haven't already been spent (each transaction has a unique sequential ID) and provided all is correct the transaction is guaranteed to go through, even if up to a third of those validators are malicious. If I try to cheat, the transaction will be blocked.
Monti likens a wallet on an AT2 network to a social media timeline.
"What we've proved, essentially, is that you can have a cryptocurrency on Twitter," he explained.
"A payment works in two steps. First, there's a withdrawal from my account via a tweet, then the second step is a deposit, or a retweet. I tweet a message saying I want to pay Bob. Bob then retweets this message on his own timeline, and in the act of retweeting he's depositing money in his account.
"So everyone has their own independent timeline and while the messages - my tweets - are strictly ordered, that's only in my own timeline; I don't care about ordering relative to other timelines. If I try to pay someone else, it will be obvious by the sequence of tweets in my account, and my account only, whether I can perform that payment.
"In contrast, consensus effectively squeezes all of the messages into a unique timeline on which everybody agrees. But this is overkill, you don't need it. We can prove that it still works even if the ordering is partial and not total, and this enables us to switch from consensus to reliable broadcast."
But of course, nothing comes for free. AT2 can verify exchanges of tokenised assets, but aside from arrangements between a small number of opted-in parties, it does not have the ability to support smart contracts of the type that are viable on ethereum and other blockchains, because this does require network-wide consensus. Guerraoui said his team is working on "refinements and extensions" to support such functionality in the future.

Early adopters
AT2 is still pretty ‘cutting edge'. Three papers have been accepted for peer review the latest published in February, but it provides the sort of efficiencies and simplifications that could bring real progress. Guerraoui said AT2 has "received interest from many groups including companies ‘selling' blockchain approaches, as well as companies and organisations using such approaches".
One organisation that has already picked up on the potential of AT2 is Scotland's MaidSafe, creator of the SAFE Network. MaidSafe is already using AT2 to replace its Parsec consensus algorithm, which testing showed was indeed overkill for many network operations. CEO David Irvine said he and his colleagues came across AT2 while working on another way of propagating changes to data without consensus, conflict-free data replicated types (CRDTs), promptly forked the code and started to apply it.
SAFE, currently in Alpha, is a sharded network, meaning it's subdivided into small semi-autonomous sections. On a network level, the way it works is that trusted 'elder' nodes vote on a requested action then pass instructions to other sections to carry it out.
AT2 allows the initial task of accumulating the votes for an action, which had been done by the elders using a consensus algorithm, to be moved off the network and onto the requesting client which is much more lightweight and efficient. Once a quorum of votes has been gathered, the client simply resubmits the request and the elders will ensure it's carried out. The system is much simpler and should be more secure too. "It's 200 lines of logic compared to 15,000 for a start," Irvine said.
AT2 is not just used to validate token transfers. By the same mechanism, it can also be used to authorise requests to store or change data. Together with CRDTs, which guarantee that such changes cannot fail, this makes for a very tight and efficient ship, said Irvine.
"AT2 is for us a missing link. The difficulty of several nodes agreeing is simplified by the initiator taking on the effort of accumulating quorum votes. It seems so simple but in fact, it's an amazing innovation. It certainly falls into the category of 'why didn't I think of that?'."
submitted by ZaadNek to CryptoTechnology [link] [comments]

(1/614): Robert Kraft

Proof that I actually sent this email
I didn't really have a reason to pick Robert Kraft as my first target; maybe it was the low-hanging jokes available to make about him. At any rate, here's the email I sent to the email available on the Kraft Group website.
"Dear Kraft Group,
I am writing to ask Mr. Robert Kraft, head of your organization, for a one-time payment of $1000. I would appreciate the opportunity to communicate with Mr. Kraft directly, but you can judge from this email if you feel that would be appropriate.
I would like to begin by clarifying that this email is not an attempt to extort money in exchange for anything. To be clear, I am not a current or former employee of the Orchids of Asia Spa in Jupiter, Florida, or any other organization from which Mr. Kraft has solicited illegal sexual favors. I am also not writing to offer any such services—though I can assure you, were I offering such services, they would not be of a quality meriting any financial compensation. I am merely a recent college graduate seeking free money from billionaires.
I am sure that at this point you are wondering why I have decided to ask Mr. Kraft for this money. The reason is simple: curiosity. According to an October 2019 Forbes article (which I did not read but saw as a source on Wikipedia), there are 621 billionaires in the United States. I want to see if any of them will actually give me, a person they have never heard of, $1000. I am happy to report that Mr. Kraft is the first billionaire I have contacted to ask for money, meaning that he could easily be the first billionaire to actually contribute money to me. If this were to happen, I would broadcast this information to all of my 365 Facebook friends, as well as anyone who decides to follow me on this endeavor. This PR would no doubt boost Mr. Kraft’s public profile immensely. Also, if Mr. Kraft wishes to never hear from me again, $1000 is very much more than enough for me to leave him alone permanently.
If at this point Mr. Kraft is wondering if he can afford to pay me $1000, the answer is a resounding “yes.” I have no idea how liquid Mr. Kraft’s assets are, but going off of Mr. Kraft’s net worth (per Google) of a hilarious $6.9 billion dollars, I am almost positive Mr. Kraft has the cash on hand. Assuming Mr. Kraft actually had $6.9 billion in cash, $1000 would represent .00001% of his cash. Further, if we were to assume I live for exactly 50 more years, $1000 times 18262 days (365 * 50 plus 12 leap days) represents a commitment of $18,262,000. Even this amount is a mere .2% of Mr. Kraft’s net worth; with all of his assets in cash, Mr. Kraft could afford to pay 500 different people $1000 per day for 50 years. However, I am not asking for this arrangement (though I would not turn it down if Mr. Kraft offered it). I am simply asking for a one-time payment of $1000.
The next question I would expect Mr. Kraft to ask is “how would this person spend this $1000?” Obviously, a lot of this money would go to monthly expenses (gas, rent, groceries, etc). So, to present a better picture of what my discretional spending looks like, I have prepared a graph of my typical non-recurring monthly expenses:
See graph
My financial expenditures are very much seasonal, but I believe this graph presents a reasonably good profile of what my spending looks like. This graph obviously does not account for things I cannot currently afford but would like to have. If Mr. Kraft were to pay me $1000, a good portion of that money would likely be invested into dogs (I currently own 0 but would like at least 3), bitcoin, and additional Onlyfans subscriptions.
In closing, I want to thank Mr. Kraft in advance for his consideration. I realize that I literally bring nothing to the table, as I am not offering any services in exchange for the money I request (besides leaving Mr. Kraft alone if desired). But I believe that Mr. Kraft, a man who built a massive fortune and exceedingly successful sports franchise, will recognize the hustle that went into putting together this pitch. As the kids say, game recognizes game. Thank you for your time."
submitted by 1000bilclub to 1000bilclub [link] [comments]

I've reached the extent that I think I can tell this story. This is my experience with the cult

Introduction
I am hesitant to begin writing about these memories, and for two reasons. The first is out of fear - fear of retaliation. You see, I was taken advantage of by a cult that I escaped a few years ago in the summer of 2018. I wasn’t involved for long - ten months - but that wasn’t the end of the cult’s influence on me, as they cleverly had a previously unaffiliated visitor contact me and try to bring me back during the period afterwards. I believe they are still keeping tabs on be covertly, but this may just be my paranoid nature.
For nearly the entire first year afterwards, I was always looking over my shoulder to see if I was being followed. They definitely have an interest in roping me back into the fold, as you will see how sociopathic these people are. I’m still traumatized, and although I have healed a great deal from these trials, there is still lingering conditioning that causes me panic attacks and anxiety, which exemplifies my schizoaffective disorder. I attribute much of the reason I’m houseless now to the combination of my mental health and trauma caused by this group.
The second reason I am hesitant to begin writing is also out of fear, but this is instead a fear of not being able to deliver on my promise to expose this cult. I know I have the ability to write about my account, but will it be good enough? Will I be throwing these words into the electronic ocean like so many others with little effect on the world? I feel that no matter how hard I try, I will be unable to capture the cult’s devious acts in such a way to convey what it was like for me, a vulnerable individual, to be slowly turned into an obedient slave.
Inadequacy. This is an important piece of my psychology. After watching my mother decay and die for the first nine years of my life, followed by being raised by an abusive, narcissistic father, I have a profound feeling of inadequacy ruling me. I never feel like I am good enough; that I have to self-sacrifice - to the point where I believed I had to be as good as Jesus Christ - in order to achieve a passable level of human adequacy. The cult took advantage of these feelings in spades and left me a shell of who I was previously.
Fortunately, the period of houselessness that has extended the last year or so of my life has been a radically transformative period where I feel able to step out from barriers that previously trapped me. I feel freer than I ever have been, and to be honest, I owe a lot to the cult for pushing me to my breaking point and learning where my boundaries are. In fact, I don’t believe I could have stepped away from the denial of having a feminine side if it weren’t for the ridiculousness of how far I was pushed.
Now, I stand strong, ready to accomplish this mission life has presented me. It is my basic civic duty to tell my story and warn the public about this group and others who prey on vulnerable individuals in an unstable socioeconomic period. They deliberately attract people who are vulnerable for personal or financial reasons. For instance, there was a flat-earther from Belgium who was here illegally that got roped into our group by being attracted to the messages of sovereignty and their abundance of kooky new age beliefs. They even tried to get me to recruit more members using the same strategies they hooked me with - which is standard cult behavior.
This leads right into how I got involved with the cult in the first place. Part of it is my fault, as I was young and naive. I still am, but now I have the wisdom to not throw myself out there for any group to start manipulating. There are many people who can be drawn into their preying behavior, and it is important that I elaborate on how easy it is to get duped, so others don’t follow in my footsteps.
As you will see, the group was bizarre in many ways. I want to start off by saying that I did not join an organization of pee-drinkers who practiced blood-magick on the side of Main Street. Instead, I started working for a nonprofit that promised to change the world, and appeared to have the ability to do that. The weirdness grew exponentially over time, gradually as they conditioned us to accept their way of life.
On my own end, I wanted to join an intentional community; one where everyone involved works towards a singular end as one unit. I longed for the camaraderie and an alternate way of life. I wanted something different than what - as the cult called the common culture - “The Matrix,” or “Babylon” offered. There are such communities, but because of devious groups like this, everyone needs to be cautious when attempting to find them. I still seek to find or create an alternative lifestyle for myself where I can live amongst my brothers and sisters away from the mass-produced consumer culture of the world.
It’s been a hell of a journey, but I am happy where I am now. If anything, the group taught me that self-love is our first love; if the gardener does not take care of themselves, then who takes care of the garden? With my efforts to find such a community as I wanted, it was inevitable that some group would have sunk their teeth into me. I am grateful that I was able to recognize the far-flung insanity that I was trapped in and escape. Now I just need to focus on recovering and helping others who may be searching for the same things I am.
Chapter 1
It all started early in 2017. I was working on reverse networking, like trying to place a letter on someone’s shoes to let them know I exist. I was hoping to find a project I could use my skills as a writer and juggler by broadcasting who I was on our small online community, The Shrug Life Syndicate, on Reddit. I was so desperate to find such a community that fit my ideals and goals that I didn’t even conceive that someone could be watching in order to learn about me.
They first posted a link to their site on our community’s board, when they were still going by the Awakening Sovereignty Collective. To best understand how I perceived them initially, you have to understand that I was lost in what we at the Shrug Life Syndicate call the synchronicity slip stream. An aspect of my schizoaffective disorder, I often get lost in various series of synchronicities that form a coherent narrative that compels me to behave differently than I otherwise would. It is an amazing feature of my mental health for creativity and finding alternative solutions to problems, but it can be debilitating when trying to fit in to the normal world. When the ASC posted, I believed applying on their website was the obvious thing I should do in order to accomplish my cosmic mission.
Well, nothing happened at first, and I forgot about them until several months later until I received an email stating I was hired. This came after a series of strange tasks from anonymous accounts that seemed to be tests to see if I was as capable of a writer as I portrayed myself as being. I remember one test was to see if I could write a sales pitch for “Unicorn Poop,” an edible snack with a humorous twist. I don’t have any proof that these two events are connected, but it definitely tripped my radar as odd that they happened one after another, and nothing ever came from the sales tasks.
Having passed their tests, I began working with them online. It was a slow process, as there wasn’t a lot of work right out the gate, but there was a lot to learn. Their websites were many in number and often confusing. I had difficulty navigating them and almost quit trying within days of getting started. I remember crumbling back into my addictive nature one night as the wailing cries of depression came roaring back with my initial perceived failure.
If I were not partially psychotic, believing the universe was guiding me to the salvation I sought, then that would have been the end of it. Many other people seemed to have given up while I was still new to working for them. If I were to guess, I would say that this was deliberate on their part in order to weed out only people like me, who were in some way desperate to be a part of the group. With only a small number of desperate people finding their way into the clutches of these people, it must be easier to control them as well.
The ASC promised a new way of life for anyone seeking it. They claimed to be a planetary alliance that was helping ecovillages, nonprofits, conscious businesses, and individual change agents. They were working on a cryptocurrency and software suite that would help communities better serve the world. This was at the peak of the bitcoin bubble, where many people unfamiliar with cryptocurrencies were trying to get in on the hype. They touted a number of figures and claims which ultimately turned out to be false or otherwise misrepresentative of the truth, but in the moment I believed everything they were shoveling.
It was easy for them to sell the idea and project as they were all natural sales personalities. I attended a lot of meetings, particularly with the writer’s team, and started to get to know the people behind the project. In the moment, they appeared to be down-to-Earth and relatable, but highly conscious individuals who really cared about the world and were motivated to do the work necessary to make the changes needed for the planet. In hindsight, they really only cared about money, and were playing a part to catch people like me.
The leader was named Dakota, if that was his real name (I believe most of the main group had adopted a second name to hide who they really were). He was a young man claiming to have graduated high school at ten, and he founded a company known as STADA which was facilitating much if not all of the software needs of the ASC. He was brilliant, but I believe most of his brilliance was self-generated through his ability to sell himself as more than he really was. He always acted like a millionaire who was going to change the world, which made it easy for him to sell the project to people like me.
The co-leader was named Lila. She was a cheerful person who always had something positive to add to the conversation. While working with her, I found this to be a powerful part of her personality. It was hard to say no to her, as she had a motherly vibe and she strategically would ask you to do things that left you feeling compelled to help her, for the good of the project. She first won me over by claiming to run a retreat center for circus skills. I only heard of this in the beginning of my journey with the group, so I believe it may have been a bogus means to shift my opinion of them.
The leader of the writer’s team was named Teahna, who was beautiful and knew how to use her womanly charm to influence others. She seemed to be new to the project as well, having recently written her first book, and my time working with her online seemed to be a learning experience for both of us. I believe this was also planned, so that I would have some support learning what I was supposed to be doing on the various websites that seemed to pile up more and more as time went on.
The work was easy at first. There were no assignments or anything like that. It was all pile work - as in, just grab a shovel and get paid for what you move. As a writer, I naturally gravitated to the writers team’s tasks, but I also helped with the education team and the core tasks of the group. Mostly I wrote articles and website content for them, but I also wrote fake twitter bios, social media posts, and began working on their constitution/manifesto before arriving at their headquarters.
I was making good money, both in real dollars and their own cryptocurrency, Equality Keys. They claimed we could trade their currency for real money at any time, which turned out to be a lie. They often only let us exchange it at certain times at a reduced value. But, I was naive enough to believe that the numbers on my screen were real and meant I was doing good. It wasn’t long before I earned upwards of thousands of dollars worth of their currency, which was promised to rise in value as the project continued to grow and evolve.
After a few weeks working with them, they began toying with a name change to Earth Nation. I believe this is a key part of their method of staying under the radar. By changing names and projects frequently, they never gather enough clout to be exposed as the charlatans that they are. They would later create a new project known as Earth Cycle, and there was a tentacle organization we got hooked into after our stay with the main group called Lovecycle. In regards to the latter, I will never forget the name Lovecycle, as that is when the bulk of bizarre and traumatic events occured.
This is around the same time that my girlfriend at the time began helping out as well. We worked together as a writer and artist combo, and they were initially excited to have another person joining to help. There was some friction though, such as bluntly being told they had no need for an artist at this time after they welcomed her onboard, and there were moments where it seemed like they did not want her to be a part of the project. As they turned her and I against each other much later in our odyssey with them, I think this must have been deliberate to sow the seeds of conflict between us. Again, this is classic cult behavior. I regret bringing her into the whole thing, as she is no doubt as traumatized as I am.
What really allowed me to lose myself in the hope of the project was the possibility to do exactly as I dreamed: travel with a caravan, juggle at festivals, help sell whatever my girlfriend and others made, and write gonzo journalism about what Earth Nation was doing. One of the main draws of the group was that they advertised in the meetings about how they had a proposal system, where anyone could come with their plan and it could be voted on to be given resources. They were interested in my idea (how much of that was just gaslighting me to believe I’ve found the perfect gig, I don’t know), and wanted me to do some journalism about my experiences moving to their headquarters just outside Eugene, Oregon - on the other side of the country.
My girlfriend and I were ecstatic at the idea of starting a new life on the west coast. It was the dream we both shared, to abandon the broken world we knew and join something better. We began preparing for the move, sold all of our stuff, and eventually took off from the airport with only three bags to our name. It was a leap of faith, and we were never happier to embrace our dreams and begin to live a much more interesting life.
Chapter 2
We left on October 25th, about a couple months after I first began working for the ASC. It was an amazing trip that we thought would represent our rebirth. I remember arriving at the airport feeling as though I was leaving a part of my past behind. I felt a wave of solemn emptiness and fear over this, but I have since learned such feelings are common with change of this magnitude. Mostly, I felt joy that a new chapter of my life was unfolding before my eyes.
It was a time where it seemed like we had infinite potential right at our fingertips. Who knew what would actually go down over the coming months? We were grateful for the opportunity and happy about the change. My girlfriend even changed her name to Awen to start over fresh as a new person. I still stuck with my birth name, Gregory, but eventually I would start going by the name Rory after having been pressured to by the group.
I remember looking out the window while Awen took pictures of everything we flew over. It was a trip in itself to see the world from such an angle. I was amazed at the number of wind farms in the middle of the country. Likewise, the closer we got to our destination, the more mountainous the ground beneath us became. The change in scenery would pale in comparison with the change in the culture of the west coast - one of the main reasons I now consider Portland my new home.
Landing in Eugene’s airport, we were regaled with Ducks memorabilia. This was a pleasant surprise, as I had forgotten that this was where an old hero from my track days, Steve Prefontaine, used to run. This made me feel hopeful while waiting for Teahna and Prism, the leader of the educational team. I remember pacing the entrance hall of the airport with a giddy smile stretching from ear to ear. This was it, I told myself: I had finally found my new home.
After a long day of airline travel, we were eventually picked up in Prism’s van. We were met with hugs and smiles, which rejuvenated us after the natural stress of the trip. We chatted the entire way back to Triangle Lake, where their headquarters supposedly was. Both Awen and I were antsy while being shaken back and forth while sitting on Prism’s bed for the duration of the drive. I distinctly remember the beautiful colors of the autumn trees as we drove past. This last little bit of our trip took roughly forty-five minutes, but it felt like we were pulling up to the headquarters in an instant.
I caught a glimpse of a sign as we pulled into the long driveway: Circle of Children. This would be where we stayed for the first two months. The area was gorgeous. Giant trees covered in green moss extended as far as the eye could see. With the abundance of fern-life, it reminded me of a Jurassic paradise. Out the cracked window of the van, I could hear tree frogs chirping in harmony. It was certainly something out of another world compared to the east coast.
We stopped in front of the main office - the only building with wifi. If I were to graph the amount of access to the internet we had across the ten months we were involved, it would have a steady, negative slope. Of course, while being conditioned by the group, it was barely noticed, as we grew less dependent on the internet as time went on. We were never barred from the outside world - in fact we interacted with it regularly - but the idea of leaving was made so impossibly far outside the bounds of possible choices through a long series of scripted events.
Which is why the entire beginning of our stay at the Triangle Lake Convention Center seemed like something out of a fantasy paradise. Everything, from the overarching narrative we were fed, to the day-to-day interactions, was designed to win us over, gaslight us, and manipulate us emotionally by using our traumas against us. In the aftermath of the whole escapade, I learned that this is the type of manipulation that cults use to prevent members from seeing reason while keeping them docile, obedient work horses for the greater project, whatever it may be.
It is clear to me now that Earth Nation and all tentacle organizations are a purely criminal enterprise - a money-making machine for those at the top of the hierarchical pyramid. Even though we were supposedly a DAO - a decentralized autonomous organization - there were clearly people who were centralized leaders profiting from everything the group did.
And everybody played their roles well upon our arrival. We were greeted with another barrage of hugs as we got out of the van. Everybody was excited to finally meet us in person, as were we to meet them. We chatted with Dakota and Lila for some time outside of the office. They were the exact same as their online personas. In the moment, this gave us a sense that these people were genuine, but in hindsight it serves as a reminder that anyone can create a convincing character and play them whenever they want - even if they choose to never take their deceptive masks off.
We were then shown where we would be staying. Up the hill and to the left we drove until we were in front of Carmen Hall. It was a quaint dorm-style lodging with a large common area and a small kitchenette. Many nights were spent in the common room with the others who were staying in the building. Because we were a couple, we were given the largest room with its own bathroom.
That’s another thing that changed in a downward slope: our living quarters. Over the course of the ten months we were with them, we were downgraded from having our own space, to sharing space, to living in a tent. And again, because of the conditioning, we were fine with the change.
Sometime during the early evening, we went back down to the dining hall and kitchen which was across the way from the main office. Here, we met a variety of characters, including Tuva, a humble appearing guy with a large social network he brought with him to the project, and Daniella, who would turn out to be mommy dearest as she was the sole woman controlling us for the majority of our adventure on the west coast. A Brazillian native, she was as good of a manipulator as she was a cook, and we all enjoyed a wonderful meal on our first night in Oregon.
Before the night was up, we went behind the kitchen to smoke with a man named Grizzly; a wild looking man who mostly kept quiet but had a mouth to use if he needed it. It was the first time we smoked in Oregon and it felt liberating to finally be in a legal state. But, as freeing and fun as being able to smoke whenever we wanted, I believe the abundance of weed we were constantly fed was a means to keep us docile. Daniella always made sure we had some weed, and would frequently smoke with us. I feel I would have been able to say something as things changed if I were not dependent on the constant stream of marijuana.
Afterwards, we went back to Carmen Hall with a couple of members who also stayed there, and Daniella performed a pendulum reading for me and my girlfriend. Holding a crystal on a chain, she “read” the direction it spun as she brought it up in alignment with our chakras. She was spot on and I wanted to say that she had excellent observation skills, but I kept my mouth shut. I didn’t want to offend anyone’s beliefs, especially my girlfriend who considered herself a mystic and bought into the act.
That night we cuddled in our room, smiling as wide as our mouths could. We had done it - we successfully started our new lives and were going to be a part of something we still had yet to fully comprehend. Everything was new and exciting, and while we were overjoyed, we were glad we had each other because things were still scary. If only we had known then how scary things would become.
Chapter 3
The next morning, we showered, dressed, and went down to the kitchen. There was a slight fog in the air, and we saw a family of deer in a clearing off the road. We would see this family of deer several times during out stay at Triangle Lake, which greatly enthused my girlfriend. She said they were a symbol of wisdom, and must be a good sign as we continued to be indoctrinated by the new age beliefs of the group.
We were early, as our daily meetings were at ten and that is when most people started to show up at the office. But Grizzly was there, as he stayed at the nurses station that sat next to the main office. He offered us some dabs, which just further enforced our belief that this was a great group to be a part of. He also offered me a metal six-shooter pipe, which proved to be the main piece I would smoke out of for the entirety of our adventure.
Breakfast consisted of whatever we could scrounge up. There was a huge walk-in freezer in the kitchen that hosted tons of food when we first got there. There were also a wide selection of dry foods such as figs and nuts. That whole selection would dwindle over time, as the group got everything as donations, usually by soliciting the local food pantries and the Eugene mission and much was close to their expiration dates. It was common to open the freezer and find something moldy.
This was the first time I really interacted with Doran. Doran looked a lot like me - complete with similar beard and glasses - but had shorter, curlier, and darker hair. It was joked that “I was another you.” He appeared to be a really kind-hearted person, and we frequently went to him with problems. This is likely planned as well, to have someone to vent the frustrations we were experiencing as the project transitioned to something different than what we signed up for. I opened up to him before I did with other members, even asking for relationship advice as they tried turning Awen and I against each other between, and received what I now consider a long-standing act of being a good ear with standard advice from the group. Still, he was funny and I enjoyed making strange mixtures of food with him.
As it neared ten, we shuffled to the office to have our meeting. The office had two rooms, and we were all huddled in a circle in one of them. This was nice during the coming months as it was also the only room with the heater. These meetings proved to be a main means to program us, as there were many exchanges that could have only been scripted. We would often talk about one thing, but there would be a subtopic that was teased that would change the meaning of the whole meeting in the context that I heard it. Often there would be some crosstalk in the kitchen beforehand, or something during the day that warped my understanding of what was said
We were required to work thirty hours a week in order to receive our basic income of two hundred dollars a month, as per our agreements before moving to the headquarters. However, it wasn’t long before they duped us by saying the basic income would be used to cover our time staying at Triangle Lake. We weren’t able to fight it, because our tongues were tied by the desire to fit in and be accepted by the group. The ways that they changed things were gradual and deliberate, so that you would never really feel like you were getting taken advantage of. It was just a change, which was alright, because there was a world to save and we were the group who was going to get it done.
That was one of the major ways they were able to get away with a lot of the back-pedaling of agreements - they would always have new, unexpected surprises waiting for us. It was gradual, but they introduced several new elements of communal living that required us to sacrifice more of our money and autonomy. They did this by having so-and-so nonchalantly bringing up these concerns in the meetings, then downplaying the resulting effects as something that should be expected, then agreeing with Dakota or Lila.
Keeping track of my hours was a joke. For everything I did, I was told I should have taken less time in order to do. The criticism I received came tongue-in-cheek and constructive at first, but steadily devolved into a series of harsh critiques that would leave me distraught and unable to think clearly. I was still unmedicated back then, and my emotional state was as turbulent as a hurricane. They did similar things to my girlfriend, as Lila took her under her wing, treating her as her child in order to take advantage of her own trauma she had with her mother.
If there was one thing these people really excelled at it is control. They figured us out quickly and efficiently and then used our traumas against us. Our second night there consisted of an informal group of the residents who stayed at Carmen Hall staring into each other’s eyes and then saying out loud what we felt at that moment. I remember staring at Daniella, who was a silhouette with the lamp directly behind her, and asking for healing. Something about the way she stared at me seemed to provoke a sense of trust and I felt that she would be able to help with a lot of the problems.
That’s one way they won over us and got us to do whatever they wanted. They are experts at gaining people’s trust and then they take advantage of that fact. Through these scripted and planned events they were able to warp our realities to the point where we were already robotic slaves right off the bat. We certainly were eager to earn their approval and work our way to a position where we were seen as valuable members of the project.
One of these planned events was Kukui’s birthday, which was just a few days after we got there. Kukui was a groundskeeper who had previously lived in Hawaii and was joked as being a ginger Jesus. He was an incredible person who really cared about the Earth. I have no idea if he was part of the manipulation or if he was there on similar beliefs that this was a group doing immense good in the world.
Early on during the night’s preparation, Dakota and Lila walked up to us and asked if we wanted to go out to eat with them. This struck us as odd that they would abandon Kukui on his birthday, but we didn’t see it as too weird at the time. We struck up a conversation, where it was revealed that Dakota had two EBT cards from different states.
One big hook they sunk into us was the idea that it was us versus the government. They managed to convince us that the institutions of the world were parasitic - which they usually are - but did it in such a way that made us feel like we were in a spiritual war against the bad boogie men of the world. And they managed this by gradually exposing us to more and more deliberate acts of defiance, in order to manifest our own sovereignty against the parasitic government.
It’s what led to us accepting some of their more diabolic schemes. For instance, there was talk about building a village in Ava, Missouri, moving all their people in, and then taking over the mayorship. They chose Missouri for this plan due to the different building codes of the state. In the moment, this seemed like a brilliant plan for expanding the influence of Earth Nation, but in hindsight appears to be a dystopian means to increase their power and continue taking advantage of people.
These were little seeds they planted that made us more comfortable with doing certain things that we otherwise wouldn’t. Awen was particularly uncomfortable with many of the things we did, but eventually they did get her to help out with their schemes. By keeping us under fear and gradually conditioning us, they were able to make us obedient as we were always looking out for our immediate survival.
Fear. That is an emotion I am now excessively familiar with as a result of this cult. While I have battled paranoia all my life, they took those primal emotions and twisted them to the point that I had no idea which way was up. Each day gradually became a battle while being on high alert, as I constantly scrambled to overcome whatever artificial set-backs were planted in my way and keep up with the workload that was presented to me.
My first exposure to this form of emotional manipulation came during Halloween. The night began jovially as Doran wore a plastic bag as a costume and invented a new dance that we all participated in. Daniella was preparing a large meal in the kitchen while we helped and played in rhythm to one another. The dinner we shared was only part of the night’s events that would change my life completely.
After dinner, Awen and I went back to our room and talked about what we wanted to do that night. The rest of the group was still down at the dining hall and preparing for a fun night of festivities. Awen was not opposed to me going, but she was and still is a pagan and wanted to celebrate her ancestors as per the tradition of Samhain. I debated spending the night with her, but the opportunity to spend time with these new people in our life made me curious as to what they would be doing. I will also admit that I was much more controlled by my addictive nature and was excited to drink with them.
So down I went. As I entered the dining hall, I saw that they were drinking tequila and generally having a great time. Naturally, I joined in and took a shot. Jovial times were had, and some time later I was offered another shot, but I did not see them pour this one. This turned out to be a crucial mistake on my part as I would find out that there was something else, something with psychedelic qualities, in the drink. It was not LSD, as I am familiar with the effects of that drug, so I am at a loss for what it could have been.
As the night went on I began to feel funny. It wasn’t until we were in a smoke circle that I began to notice something was wrong. I had trouble forming words and when Grizzly asked me a question all I could muster was a “hi!” This tripped me up and I went inside to go sit down.
This is where my memory starts to get fuzzy. I was mostly left alone as I sat cross-legged on a mat on the floor, but eventually there were three other people sitting around me, with a bottle placed in the center of us. I remember Prism and Josh, a carpenter who was doing some work on the buildings at Triangle Lake, were two of the people surrounding me, but I don’t remember any of the conversation they were having. I just remember getting really spooked at that time and tried to leave.
I don’t know how long it took me to get back to Awen, but I do remember the headlights of a vehicle coming down the hill as I was going up. It was late by the time I made it back in into Carmen Hall, which suggests that I have no memory of what happened after the apparent spin-the-bottle episode. My memory starts to get better as I remember lying there with Awen trying to articulate what was going on, but my words just spiraled into incomprehensible nonsense. She was worried for me, just as I was worried for myself.
The next morning continued on as if nothing ever happened, but I was emotionally jostled for the next few days. Nothing was ever said about what happened the night before, and a part of me was terrified that something happened Because my mother had AIDS, and that is a terror I still battle to this day, I obsessed over the idea that Prism, who was HIV positive, may have done something with me. I’ve since been tested and everything’s fine, but for a while I was terrified that I was raped.
Was that a rational or irrational fear? I’ll never know. What I do know is that they took advantage of my perturbed state by subtly twisting the knife in the following days with their synchronous set-ups, making me feel guilty that I did not choose to spend time with Awen that night, and thus making me work harder than ever before.
Chapter 4 in comments
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Weekly Update: 1 Million ParJar Tips, Fantom.finance, SelfKey Mobile Wallet, Sentivate Social... – 6 Mar - 12 Mar'20

Weekly Update: 1 Million ParJar Tips, Fantom.finance, SelfKey Mobile Wallet, Sentivate Social... – 6 Mar - 12 Mar'20
As Coronavirus (COVID-19) wreaks havoc across the world, we hope that Parachuters are safe, at home and healthy. This has been a difficult few months for everyone. But we will get over it. So let’s spread some good vibes with an update filled with awesome news from the Parachuteverse. Here’s your week at Parachute + partners (6 Mar - 12 Mar'20):

Starting off with a biggie. This week we crossed 1 million ParJar tips with a grand party in the Tiproom that left heads spinning and massive hangover. Haha! Click here for a sneak peek into the madness. Those who missed the party, woke up to 30k+ messages. And that happened within a couple of hours only. Wild! If that wasn’t enough, the TTR crew followed it up with a tiproom tipbattle with 6 teams (10 members each) fighting it out. Click here for the team lineups and rules. What ensued was a whirlwind comprising 80k+ tips. Double wild! LordHades shared the latest #FPL update according to which Novelcloud has now crossed LH to take second position. Alexis continues to be on top. If you’re already on BAGS token’s Dirty Bags platform, don’t forget to check out the Parachute posts over there. If you’re not on it yet, there’s $BAGS prizes for Parachuters who sign up. Bose’s random trivia in TTR got folks scratching their heads for answers.
A Gian food pic after ages. Though not cooked by him. Peruvian chicken. Yum!
Alejandro hosted a free-for-all CoD flash game in the Parachute War Zone followed by a battle royale. Congratulations to Clinton for being awarded the Bronze Seal of Transparency for his charity. GamrB0y’s trivia in TTR this week was based on science. Victor hosted a TTR quiz themed on MetaHumans. Charlotte’s math trivia was uber fun as always. Jobchain crew sponsored 750k $JOB as prizes for a round Robot Rise in the ParJar Gaming channel. Cap held a flash Parena this week. If you haven’t been keeping a tab on Parachute, you just missed on scoring some sweet $PAR. Like Achilleas almost did with his top prize. He won the finale but wasn't around to claim his 1st prize. So Bose snagged the winner’s spoils. But Cap being Cap made sure he didn’t miss out either. For Two-for-Tuesday this week, Gian got Parachuters to post music videos "featuring bands or songs that have a food or drink in their name". Like always, Sebastian was kind enough to compile a playlist with everyone’s posts. A flurry of beta testing activities related to Transak (fiat on/off ramp for ParJar) and swapping flung into action this week. For this week's #wholesomewed, Jason asked Parachuters "to draw a fierce non-existant creature that you would like as your champion in a parena".
What an amazing view Alexis!
In this week’s educational posts from aXpire, COO Matthew Markham wrote about the state of the legal tech market, the E-Billing industry, why legal billing software matters and artificial intelligence in law firm software. For the latest update video, click here. Still not sure what aXpire is all about? Check out their token overview and business presentation. The weekly 20k $AXPR token burn went ahead as per schedule. Insights from 2gether’s consumer report were published in a Cointelegraph article exploring women’s usage behaviour in crypto. For the full report on female users, click here. Euro deposits on the platform were briefly paused and subsequently restored because of a third party dependency. Upgrades were made to the $BTC transfer mechanism as well. But a high traffic issue led to a temporary stoppage of the crypto purchase feature. Birdchain released its 2 year roadmap. Few weeks back, we shared news of $BIRD being listed on Probit. CEO Joao Martins talked more about it in his video podcast this week. Probit also started a stake and earn event for $BIRD holders. Ethos’ parent company Voyager is now a sponsor of Scott Melker’s (The Wolf of All Streets) new podcast. For the latest Switch update, click here. Fantom announced the pre-launch of Fantom.finance which will be an end-to-end DeFi suite of products. The project has been killing it on its socials. Want to see proof? Check out the social metric graph mapped by LunarCRUSH. Michael made a weekly update video to catch up on all the latest news. Click here to read the latest technical update. Fantom also announced its involvement in Fusion Protocol’s decentralised custodian solution DCRM Alliance.
Interesting insights from 2gether’s female crypto users report
The new XIO website layout and a new set of article were released this week. Zachary did a deep dive into the new stuff with a 40 minute video. For this week’s #XIOSocial discussions, Citizens talked about underrated qualities of successful entrepreneurs and about progressive decentralisation. DigiByte joined Uptrennd this week with their own community on the platform. Uptrennd crew marked the occasion with a cool giveaway. Looking to join the team? Don’t forget to apply for the open positions. How has the platform been fairing in the last 3 months vis-à-vis other platforms? Check out the numbers. Plus, congrats on crossing 70k members. YouTuber Chico Crypto joined Uptrennd this week. District0x’s weekly update covers news such as the new District Designer, latest Dapp Digest etc. Meme Factory launched a new contest. Hydro integrated Plaid’s account verification and aggregation services to its platform this week. This was followed by additional integrations with KYC provider Onfido and financial data provider MX. Silent Notary crew has created a new fund for pursuing IDL’s listing opportunities. Looking for human connections during the Coronavirus lockdown? OST’s Pepo app now has a dedicated community channel for this. SelfKey’s Mobile Wallet was launched this week. CoinLoan joined SelfKey’s crypto lending marketplace. Moreover, crypto exchange Bitkub was added to the exchange marketplace. Plus, the team compiled a list of data breaches at Facebook.
The new Crowdstaking graphic explains how it is different from crowdfunding
Realtime market widgets and downloads page were added to the Sentivate social site this week along with a ton of other upgrades. The beta test of the platform has also been a success on Windows and Mac. The browser build is ongoing with a naming contest to begin soon. If you have been keeping your eyes open, BAGS crew have been hosting some fun quizzes in the Dirty Bags channel for $BAGS prizes. Make sure to have a look when you have a moment. Last year, around this time, Pynk won the startup pitch competition at Wolves Summit. This week, CEO Seth Ward and COO Rupert Barksfield shared 8 tips for aspirants. The community also discussed about Facebook’s Libra Alliance this week. CyberFM started a special playlist on the Spotlight Channel to celebrate Women’s History Month. Harmony showcased its transaction speed and fees compared to Ethereum through a video demo. Plus, a fast finality demonstration. Click here to read last week’s #pow thread. If you would rather watch the video update, click here. Founder Stephen Tse shared some more updates over live videos (1, 2, 3, 4). And kudos for being the most active project on GitHub last week. The crew sat down with Vite Labs for a community AMA. The roadmap towards launching Open Staking was published. It is currently in the second phase out of four phases. Testers and hackers were welcomed to participate in Stake Heist - try and break the open staking design on the Pangaea testnet for 10M $ONE tokens in prizes.
The Sentivate social site community dashboard looks fresh!
Intellishare founder Raymond Xiong will sit down for a community AMA next week. Folks who sent in questions could win 50 $INE tokens as well. GET Protocol’s GUTS Tickets featured in a list of recommended portals for safe ticket purchases by the Netherlands’ Police. As part of its ticketing transparency standards documentation series, developer Kasper Keunen wrote about nodes this week. The $COTI conversion bridge has been reopened with some limits to ensure fair chance for everyone looking to convert from mainnet to ERC20/BEP2 tokens. For the latest newsletter, click here. The new COTI explorer was released as well. Apart from simple wallet-to-wallet transactions, it also tracks merchant txns, bridge txns etc. The dev team also released a detailed article explaining its multi-currency (MultiDAG) framework. For the token deployment demo, click here.

And with that, it’s a close for this week in Parachute! See you again soon. Bye!
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