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!
Stablecoins are cryptocurrencies that have a stable price that is not subject to volatility like the value of traditional cryptocurrencies. This property is achieved by linking the exchange rate of stablecoins to stable assets, for example, fiat currencies (US dollars, euros), physical assets (oil, gold). This makes it possible to use Stableсoin as a means of settlement in commodity-money relations, since it allows you to determine and compare prices for goods and services. All currently available stablecoins can be divided into three types:
Stablecoins secured by traditional currencies and other assets in a 1 to 1 ratio.
Stablecoins provided by other cryptocurrencies. Everything is the same as described above, but instead of fiat currencies and other financial assets, such stablecoins are “tied” to top cryptocurrencies, for example, bitcoin or ether.
Stablecoins without collateral. Such tokens have a price, which can be any, because they have no connection with something tangible.
What is Relict Coin (RLC)? Relict Coin is the coin that is not subject to external economic and political influences, it is based on the complex mathematical algorithm that excludes coin inflation. If you make an analogy with the world of electronic, digital currencies and assets, we can draw the following conclusions: - The amount of assets on Earth — is a constant value - The value of electronic, digital currencies and assets — fluctuates only with respect to each other The project team believes that you can create a permanent, relative to the basis of all currencies, stablecoin RLC, which would level fluctuations in the value of stable tokens with respect to each other. RLC is the first stable coin Such constancy will be expressed in the costing of dynamic-coefficient stable-coin RLC related to global electronic, digital currencies and assets that will be reflected on the currency fluctuation map. Stable Coin Forging The forging model provides for two options for the emergence of coins: Commission Forging - Based on the issue of stable tokens Since the tokenomic model of stable tokens involves charging a fee for withdrawing assets from the RLC coin in the amount of 2% Direct forging - Based on the purchase of RLC stablecoins This is the basis for the release of stable RLC coins Stable RLC coins resulting from direct forging, in the amount of 100% will be automatically credited to network users who purchased RLC stablecoins Read more about Relict Coin HERE: https://relictum.pro/relictcoin https://preview.redd.it/txrsiguijwp41.png?width=1200&format=png&auto=webp&s=12b6bb06e2b914899894321259d2cd46c8f5e121
List of Physical Stores where you can Buy or Sell bitcoin
There are a number of foreign currency exchanges and other places where there's a "storefront"/branch and an actual teller or other staff where you can just walk up and do a bitcoin buy and/or sell. But I don't think there's ever been a list of them compiled. Lots of location discoveries get shared on social media, like this one, bu there is just no comprehensive list anywhere. So that's what I'ld like to do here. If you know of a location please comment with the name or some details. Physical stores and Trading Spaces Europe, Middle East, and Africa:
This is one of the oldest, most well known GPT (Get-Paid-To) sites. They have plenty to offer, so you shouldn't get too bored. You can earn bonus points for meeting your daily goals, and you can earn up to 300 points ($3) for meeting your goal each day. They have one of the largest selections of rewards available, so you should easily find something you like. — Payment Proof. / Is it available in my country? *The site is International, but most earning opportunities are for US, UK, CA and AU.
↪ Get a 300SB ($3) bonus if you sign up through this link and earn 300SB in your first 30 days. Points are awarded the next day after reaching 300SB. ↪ Use signup code REDDIT for a free 70SB bonus for new users. Click “I have a sign up code (optional)” which is underneath the “Confirm Password” Box. ↪ Age minimum: 13 ↪ Offers: Mobile and Desktop Videos, Surveys, Polls, Offer Walls, Tasks, Special offers, Coupons, Games, Search bar, Limited Time Codes, Download offers, Cash Back from Shopping, Swago (like Bingo) and more. ↪ Payout: [Minimum: $3] Amazon, PayPal, Prepaid VISA, Wal-Mart, PSN, Xbox, Sweepstakes, Charity and many more. TIPS: • Earn up to 300 SB ($3) for meeting your goals for 7, 14, 21 and 30 days in a row. • Once a month you can redeem a $25 gift card for 12% off. • Make up to 10 Swagbucks easily each day by playing games in the Play category. • Click And Earn List to Earn 38 Points Daily Here • Check out /swagbucks and the discord after signing up for up to date info about the best paying offers.
GAIN [US, GB, IE, SE, DE, CA, NL, NO, AU, BE, ES, FR, DK, IT, RU, SG and MY]
Gain is a high paying GPT site that allows you to complete offers, watch videos, complete surveys and more to earn coins. Gain operates in many countries. New users can start out with 100 coins by using this link. — Payment Proof.
↪ Withdrawal options include BTC, ETH, LTC, BCH, CSGOSHOP, Coinbase. Gift cards (through Tango/Rewardlink) also available in certain countries only. ↪ Free daily bonus coins from 10-100 depending on your user level, claim them every 24h on the Gain offerwall ↪ Age minimum: 13+ ↪ No screwy point to dollar conversion ratios. 1,000 coins = $1. ↪ Active, friendly and easily accessible support ↪ Earn extra coins for being one of the top 3 earners each day and each month ↪ Bet your Daily Bonus or your earnings (play responsibly) on roulette by clicking Win TIPS: • Referral Incentive: New users get 100 coins ($0.10). Referring users get 5% of the referred users earnings. • Click on the PayPal Guide link after signing up to learn how to easily convert your earnings from Crypto>PayPal with CoinBase. • 5% Earning Bonus: Sign up to the site with your Steam account and add gain.gg to the end of your steam username to earn a 5% bonus on your earnings. • Offers over 4000 coins are automatically held, message Support Chat (click Support on the top right of the chat box) to have the coins released for you.
GG2U is a GPT (Get-Paid-To) site. The website is a bit outdated looking, and it can feel clunky at times, but don't let that fool you. It has some of the highest paying rates, and has a few unique offer walls and plenty of survey routers that you rarely see on other sites. The customer support is great as well. The owner responds pretty quickly and is always willing to help out. This site is focused on gamers and has some gaming tasks, but there are plenty of things to do for non-gamers as well. — Payment Proof. *The site is International, but most earning opportunities are for US, UK, CA and AU.
↪ Age minimum: 13 ↪ Offers: Surveys, Offer Walls, Tasks, Videos, Gaming Tasks, and Promotional Link Shortener. ↪ Get paid for listening to the radio (US, CA, UK) ↪ Payout: [Minimum: $7] PayPal, BTC to Coinbase, Amazon, Best Buy, GameStop, Google Play, iTunes, Nintendo eShop, Playstation GC, Steam, Target, Walmart, Xbox GC ↪ Referral Incentive: The referring user earns 5% for life. TIPS: • For every 5 cash out requests, you get a Golden Token which will give you $1-7. This results in an average 7.8% higher payments if cashing out at the minimum each time. • If you contact support, you can request to have your payouts issued at the minimum cashout amount rather than for your full balance. This will let you make the most out of the Golden Tickets.
PrizeRebel is a GPT (Get-Paid-To) site. They have many offer walls and survey providers available. You can earn bonus points for meeting your daily goals, and they have bi-monthly contests that reward the top earners. They also have a Level program that allows you to earn a bigger percentage from your referrals, prize discounts, special bonuses, and automatic prize processing. Level up by earning more points. — Payment Proof. *The site is International, but most earning opportunities are for US, UK, CA and AU.
↪ Age minimum: 16 ↪ Offers: Surveys, Offer Walls, Tasks, Videos, Coupons, and Earning Contests. ↪ Payout: [Minimum: $2] Amazon, PayPal, VISA, Wal-Mart, Best Buy, Raffles and many more. ↪ Referral Incentive: 15-30% of what your referrals earn for life. TIPS: • Meet your daily goal each day to earn bonus points.
Fetch is an app available for both Android and iOS where users earn money for scanning receipts and for purchasing specific products or brands. You get points for every receipt from a grocery retailer, supermarket, club wholesaler, home improvement/hardware store, pet store or convenience stores, regardless of what you buy. You can get additional points for purchasing specific products or specific brands. Receipts cannot be more than 2 weeks old. It can also be set it up to passively collect e-receipts. — Payment Proof.
↪ Age minimum: Age of majority in your jurisdiction (Usually this is 18). ↪ Offers: Cash back for scanning receipts and buying specific products or brands. ↪ Payout: [Minimum $3] Amazon, Target, Best Buy, Xbox, Applebee's and many more. ↪ Referral Incentive: Both the referrer and the referred user get $2-5 when they scan their first receipt. The exact amount varies depending on the current promotion. This is close to or above the minimum cash out amount. TIPS: • Make sure to check for rebates on any items you regularly stock up on. • You don’t need to add rebates before purchasing items.
Ibotta is an app available for both Android and iOS that gives cash back for shopping at Ibotta's retail and then scanning your receipts to prove what purchases were made. They currently support around 160 stores. Most offers are for newer brands, but they often have well-known names such as Glade or Kraft. They also regularly have cash back deals for "any item" or "any brand". You can also get cash back for shopping on sites such as Amazon and various services such as meal delivery. — Payment Proof.
↪ Age minimum: 18 ↪ Offers: Cash back. ↪ Payout: [Minimum $20] Paypal, Venmo, Amazon, BestBuy, Starbucks and many more. ↪ Referral: Referred users get a $20 Welcome Bonus after redeeming their first brand name receipt. Referring users get $5 for each referred user who receives their welcome bonus. They also often run bonuses for referring a certain number of users during the month. TIPS:: • Always check for the "Any Item" rebate before scanning a receipt. • Check your account for bonuses. They often have bonuses for redeeming certain groups of rebates or for redeeming a certain number of rebates within a time limit. • You can link your Facebook account in order to participate in teamwork bonuses with friends.
GamerMine is a GPT site founded in January of 2017 that values the experience of their users. With over $115,000 USD paid out to their users over 25,000 withdrawals, they've earned the trust of many members of the beermoney community.
↪ YourSurveys Direct Integration - Complete the highest paying surveys on the market, directly sourced from YourSurveys and tailored to your profiling info. ↪ Steam Reward - Get paid by wearing our brand/gaming with it on Steam. ↪ Daily Bonus - Claim a bonus everyday that scales with your level. More earnings, higher daily free. Top members are earning up to $1.00 USD per day! ↪ Age minimum: 13 ↪ Inventory/Item System - Earn boosters that can be used whenever you want to increase your earnings on an offer. TIPS: • Leaderboard - Daily/monthly that auto-rewards the highest earners in the period.
Mturk is a platform that allows clients to post a large number of jobs. It is a bit more professional than the typical /beermoney site. You work for "requesters" and they can approve or reject your submitted tasks, also known as HITs. You can earn a lot more money on this site than other typical /beermoney sites, but you need to pay attention to which jobs you accept. Not all HITs pay well. They do require some sensitive information from you for tax purposes. Not everyone gets approved to work here, and some people will be approved months or years after being rejected. — Payment Proof. *This site is international, but most of the tasks are only available for the USA. International users can only redeem Amazon.com balance.
↪ Age minimum: 18 ↪ Offers: A large number of tasks including Surveys, Transcription, Translation, Website Testing, Data Entry and much more. ↪ Payout: [Minimum $0.01] Amazon.com Balance and Amazon Payments Balance. Amazon Payments Balance can be transferred to a bank account. Note: All Amazon Balance is for the USA Amazon.com website regardless of your country. ↪ Referral Incentive: None TIPS: • Only do HITs that pay at least 10¢/minute. This gives you a rate of $6/hour. Mturk crowd forum and /hitsworthturkingfor are good places to check for higher paying HITs. • It is better to return a HIT than to submit to if you are unsure whether the requester will approve it. Returning a HIT will not negatively affect you, but a rejection will. • Scripts are allowed and encouraged. Checked /mturk for more tips and suggestions.
UserTesting is a usability testing site. You get paid to record your screen and speak aloud while performing a number of specified tasks. These tasks are generally related to testing a website or an app, but some tests may have you complete a survey, play a game, test new software, etc. At the start you may receive $3 sample tests, but after a while you will see $10 unmoderated tests. Moderated tests start at $30 per test, and usually require you to have a webcam. Payment arrives via PayPal exactly 7 days after your test is completed. — Payment Proof. *The site is International, but most earning opportunities are for US, UK, CA and AU.
↪ Age minimum: 18 ↪ Offers: Usability testing ↪ Payout: [Minimum: None] PayPal ↪ Referral Incentive: None. TIPS: • Completing the unpaid surveys at the top may qualify you for additional tests. • Make sure to follow instructions carefully, keep talking, and be professional. Keeping a high quality rating is essential if you want to receive plenty of tests.
GetUpside is an app available on both Android and iOS that gives you cash back on gas, groceries and restaurants. You can get up to $0.25 per gallon of gas (or up to $0.50 per gallon twice per day), 15% on groceries, and 35% at restaurants. Some gas stations offer cash back on convenience store purchases, car washes, inspections, oil changes, etc. GetUpside also gives you a map of all the participating gas stations in your area, and you can get additional points for confirming or fixing the prices.
↪ Age Minimum: 13 ↪ Offers: Cashback on gas, groceries and restaurants. ↪ Payout: PayPal ($1 fee if under $15), Check ($1 fee if under $50), Amazon, Home Depot, Target, and many more. [GC Minimum: $10] ↪ Referral Incentive: The referred user gets $0.15-$0.20 off per gallon of gas on their first purchase. The referring user gets $0.01-$0.02 per gallon from direct referrals, and $0.005-$0.01 per gallon for indirect referrals for life. Amount varies per person. As of 05/18/20 (not sure how long it will last) new users who sign up with the link above get a $7-$14(varies per person) bonus if they buy at least $10 worth of gas. TIPS: • You must make your purchase with a debit or credit card. Cash, prepaid cards, gift cards, and EBT are not eligible forms of payment. • You only have 4 hours to make your gas or restaurant purchase after claiming the offer. Grocery offers have 24 hours. All receipts must be scanned within 24 hours from when you claim the offer.
Cash Back From Shopping Online
These sites give cash back on your online purchases. Online purchases require you to click their affiliate link prior to shopping. Ebates US has in-store offers as well. In-store purchases require you to link a debit/credit card and to active the offer prior to shopping. Most of these sites are International, but your shopping opportunities may be limited, and you will only get paid in the associated currency. — Ebates Payment Proof.
TIPS: • Make sure to click on the "Shop Now" or “Get Cashback” button before adding items to your cart. Otherwise, your shopping trip may not count. • You can only use one shopping portal per shopping trip. Attempting to use more than one may cause problems crediting your account. • Disable any ad blockers while shopping. • For US Users: Sometimes you can earn more cash back on Ebates or TopCashBack than the other for a particular store. Check both sites if you want to get the most cash back for each purchase. • For TopCashBack UK Users: New users are automatically enrolled into the Plus membership. Downgrade to the Classic membership to avoid being charged £5/year.
Master Card, PayPal, BACS, Gift Cards, British Airways
Amazon Pay, NEFT, Paytm
PayPal, Amazon, UnionPay
New User Bonus
Some information is missing due to translation difficulties and signup problems. Please let us know if you know any of this missing information.
Sites to Avoid: Definitely DO NOT post these.
✖ Earnsanity — Shady owner, sketchy site. Held giveaway and then refunded the prizes after it was over. History of scamming many others. AVOID AT ALL COSTS UNLESS YOU WANT TO BE SCAMMED. ✖ Paidverts — Shady owner, sketchy site. Keeps doing debt swaps (cash to BAP). Do not post. ✖ Neobux — It isn’t really a scam, but they operate as a pyramid scheme. There’s money to be made online, but it’s definitely not there. ✖ MarketGlory — It does pay out, but the pay is absolutely ridiculous. The only way to make a decent amount of money is to have a lot of referrals, and referral whoring on this subreddit WILL result in a permanent ban. ✖ MindSumo — Not actually a /beermoney site. It’s only spam in this sub. ✖ G2A — Scam/sells stolen keys. ✖ Robinhood — This is spammed on our sub constantly. ✖ Quickthoughts — Many reports of people being banned when trying to withdraw as of 10/2018. Do your due diligence before possibly wasting your time on this app. ✖ Sites with $100+ minimum — These sites usually offer higher than normal payments for simple tasks, with a high minimum to cash out. They are always scams. ✖ Generic news sites that pay you ridiculous amounts to read an article (two euros??) — Common sense should take care of this, but in case it doesn’t, it’s always a scam. The site is usually hosted somewhere in Eastern Europe, and you will never get paid. ✖ Free bitcoin sites/"faucets" (THIS INCLUDES QOINPRO) — This is not referring to those video-viewing/task sites (although they’re still paying fragments of a penny). I’m talking about sites that give you 0.000001BTC to fill a captcha (freebitco.in, dailybitcoins). Admittedly many beermoney sites pay low, but don’t even bother with these. Also: Bitcoin mining is NO LONGER PROFITABLE. If you're really so keen on getting bitcoins, doing so through an exchange is your best option. Here are a few more scam sites and sketchy sites.
Please note that presence on this post does not imply that /beermoney or its moderators endorse the site or their views, actions, or policies. This list simply contains sites that are used by a large number of our users or are frequently mentioned on our subreddit. We frequently monitor data from all the sites on this list from various sources to ensure that users are able and interested in utilizing them and if they do, that they also are getting paid promptly and fairly for all work they do. We make adjustments to this list and the order of sites accordingly based on all the data we receive.
Please make sure you follow the Rules of our subreddit and if you ever have any questions about anything beermoney related, please take a look at our extensive FAQ which should answer almost any question you might have.
Kickstarter Roundup: Feb 4, 2018 | 25 Ending Soon (including: Nemesis) & 51 New This Week (including: Xia expansions)
What this is:
This is a weekly, curated listing of Kickstarter tabletop games projects that are either:
newly posted in the past 7 days, or
ending in the next 7 days (starting tomorrow) and have at least a fighting chance of being funded.
All board game projects meeting those criteria will automatically be included, no need to ask. (But the occasional non-board game project may also sneak in!) Expect new lists each Sunday sometime between 12:00am and 12:00pm PST.
FATESLAYER A set of 32mm miniatures set in dark fantasy. All produced in-house and in resin for maximum detail. (Has currently earned $11,590 of $6,000)
The Red Dragon Inn 7: The Tavern Crew With pockets full of adventurers' gold, it's finally time for the staff to take a break! The crew of the Red Dragon Inn join the party! (Has currently earned $120,182 of $10,000)
Deja Vu: Fragments of Memory A game played with an innovative "Binary System" of Mancala sowing and Tableau Building. Beautiful theme, easy to learn, fun to play! (Has currently earned HK$522,088 of HK$60,000)
PolyHero Dice - Rogue Set From the shadows rolls a PolyHero Dice Set for heroes of a more mysterious kind. Rogues, Thieves, Assassins... steal yourself a set! (Has currently earned $182,892 of $50,000)
GO ECO: The Classic game of survival. The card game that allows you to Attack, Defend, Kill, Protect Steal, Trap, Hack and Surrender!!. It's all happening on your tabletop! (Has currently earned $2,563 CAD of $15,000 CAD)
Agents of Mayhem: Pride of Babylon Pride of Babylon is a story-driven 3D tactical boardgame based on the newest video game in the Saint’s Row universe - Agents of Mayhem. (Has currently earned $90,211 of $30,000)
Animo: A Living Deck Bible Verse Card Game Animo is 1 product with 3 uses: A 2-player Strategy Game, a Family Style Game, and a Parenting Tool for encouraging biblical values. (Has currently earned $6,197 of $7,500)
Arena Game Mats EXTRA LARGE 20in x 32in KS Exclusive Arena Game Mats for your gaming purposes. (Has currently earned $426 of $25)
Arkon Arkon is a fast paced, non-linear strategy card game that employs a unique bidding based resource system and multi-use cards! (Has currently earned $13,313 of $5,000)
Arrows - A Game with a Point ARROWS is a collection of unique arrow playing cards and rules for 4 intriguing and engaging games. It's different - it's FUN! (Has currently earned $149 of $2,500)
Battledigm A fast-paced, two player deck building card game (Has currently earned $1,160 of $3,000)
Earth Chan CCG Nani?! An Earth Chan Collectible Card Game?!? (Has currently earned $150 AUD of $15,000 AUD)
Endeavor: Age of Sail Lead an empire in the Age of Sail; make your mark on history as the maps of the world unfold! Gripping Euro strategy for 2-5 players. (Has currently earned $208,730 CAD of $75,000 CAD)
Eternal Kings Welcome to Eternal Kings — the game that combines the classic strategy of chess with the diverse combos of a card game! (Has currently earned $9,017 of $20,000)
Hammered Heroes - Standard Edition A balanced strategy game with attitude that's designed to get your drinking friends into card games and your card game friends drunk. (Has currently earned $7,192 of $10,000)
Herbalism Can you outsmart your friends and be the first to save the world from a terrible pandemic in this logic and deduction game? (Has currently earned $16,720 of $10,000)
Rep Your City!® Board Game (Detroit) A 2 to 10 player trivia and strategy board game all about Detroit. Other major cities coming soon, but we need your support! (Has currently earned $1,364 of $5,000)
Hello everyone, I translated a discussion I had with my little brother, he wrote me his opinion on ADA Cardano, which I find interesting. I am someone that put my cash in ADA, my brother has been in the crypto game way longer than me and I always ask for his advice even if he’s younger than me (that dude is smart), I just want to share it with you. He wrote : I started to invest in crypto on June the 19th 2017, I put 500 euros of my student loan because I thought that it was money I could lose or spend, since I don’t have to reimburse it before 2019. At this moment, the capitalization of all the crypto were USD 112 Billions: I had the feeling that it would raise because the technology behind it is interesting and can have an impact on all industries. That was a bet. On July the 16th 2017, the capitalization was at USD 68 billions, -40%. I wasn’t touched too much because I was lucky in the crypto I invested in at first. On December the 21st, the capitalization was at 648 billions : when I’m sending you this message, it’s 575 billions. To make it simple : the average earning from an investor has been around 380%. If we take it from Jan the 1st, it has been 3185% : it is absolutely gigantic. I have the feeling that in a year, we’ll be above today’s level, if I had to answer to a survey with the answers : 0-500 Billions, 500bil – 1 tr, 1tr – 1,5tr, 1,5tr – 2tr, 2tr - 2tr+ / I’d say between 1 and 1.5 for December the 31st 2018. We can fall at 200 Bil before rising again, it’s a big roller coaster, but globally I think that it will continue to grow and that’s the reason why I didn’t cash out my investment. There are multiple « Big Risks » that can affect the market right now : - If the stock market falls, which is a risk that will probably happen before the end of Trump presidency, I don’t really know how it will affect the crypto market, but there’s a high probability that It will fall.
If the bitcoin price falls, since most coins are traded in BTC, most of them risk to fall too.
If some countries start to install regulations and other, which will happen, it can slow down the market growth.
“If”. It’s my feeling, I’m not saying I’m right, but I’d rather share with you why I think that for you to take your decisions having different opinions.
I don’t know when your friends started to invest, neither what amount they put or on what crypto, but I’m going to give you my opinion on Cardano, it’s JUST MY 2 CENTS, but I’d rather be honest with you : Cardano wants to become a platform. The principal engine to a platform and its value is the network effect: Google, Facebook, Amazon, Uber, Airbnb, Netflix; All those companies created platforms that are successful because they knew how to bring X and Y in the same place : (X: Search, friends, advertising, drivers, housing, content providers; Y : customers). The more houses or drivers, the more YOU, as a customer will want to use the platform because it will be easier, less expensive and faster to find what you’re looking for (in theory). Today, cardano is scheduling its platform launch around mid-2018. Today, Cardano is valued at 18 billions. It was at 1 billion 35 days ago : to you, what does justify a growth of 1800% ? Speculation or a real project advancement ? 18 billions for a platform that still isn’t on the market. It also has multiple competitors : Etherum, NEO, EOS, Ark. Ethereum has hundreds of projects that are being built. NEO has more than 20, some already launched, 15 that will come in January (disclaimer: I invested money on NEO because I estimate that its value is under evaluated compared to other platforms like Ethereum, EOS, Cardano lol). SpaceX, sending rockets into space was evaluated at 21billions in July. Peugeot, sending millions of cars, is evaluated at 15.5 billions : can Cardano, that didn’t deploy its platform yet, can legitimately be worth more than Peugeot today ? not for me, it’s a bet I wouldn’t take. For me, Cardano still didn’t ‘Deserve’ this capitalization, because it still didn’t deliver projects that justify it. Maybe in 5 years It will be the biggest blockchain platform, with the best technology, and the capitalization will be worth 300 billions, Idk, time will tell, but when I look today’s value compared to what it was 35 days ago, and I look at the road map, I wouldn’t take the risk of putting (X€ amount – what I put on it) on this project today : it’s always a question of risk/earning. Another point : the project is still new, there are no platform allowing to buy directly ADA from euros or dollars, it’s not on Bitfinex or Coinbase and it’s a reason why you should be careful regarding its value. I think most of Cardano is owned by Japanese funds : which means that the trading volume is limited because a lot of these funds are ‘locked’. Bots can easily artificially raise the trading volume, and the price too, if a good share of the owners can’t « sell » when they wish to. Putting everything on a project is a real Poker play : and it was a winning one for you in just 24 hours (I -baneparis- invested some savings when cardano was worth 0.4388 eur all tax included (fees from binance etc)). I just wanted to share with you 😊 I translated everything from french to english so sorry for the mistakes if there are some. I just wanted to share with the community. I'm not sponsoring anything, I'm just someone that invested in ADA and that is curious as I'm very new to the crypto world :) Happy New Year ! And I hope for the best in the coming months.
Pundi X ecosystem handled a total of 26,380 crypto transactions valued at 3.9 million in USD during the 1st quarter of 2019. Registered XWallet users have increased to 179,982 as of April 10. XPOS has been shipped to 30 countries.
By integrating a collection feature, we are making XWallet a virtual mini-XPOS. Users can be part of the XPOS merchant network by becoming verified merchants from the XWallet app. Staking and conversion are also integrated into XWallet app and available for KYC verified users.
XPOS Handy, a more affordable version of XPOS, is now in production. 2,000 units will be produced. The team is also looking into expanding XPOS into traditional POS units platforms and has started working on one of the top two POS brands for integration. Product Development Overview
Due to the conversion, the token removal in 2019 will reflect the result of both NPXS / NPXSXEM utilization and NPXS / NPXSXEM conversion to FX. For example, the amount of Q1 token removal will be announced in the first week of May 2019 and the execution will take place in the second week of May.
Below is a summary of the Q&A with community members.
Q: How many live working XPOS are there in the world right now? Understand the plan was 100,000 in 2021. But recent news is only talking about someone maybe buying 1000 in 2021.
Is the delay in scaling XPOS because of the licenses which Pundi X doesn’t have yet? If yes, when can we expect it to be approved or denied?
Zac: The pick up rate during Q1 isn’t moving as fast partly due to the bear market. Another contributing factor of which some of you may be aware, is that we have been working on obtaining the relevant FCC and CE certifications for the XPOS as it’s a requirement by most governments. We are pleased to announce that the XPOS has been officially certified. It’s in fact the first blockchain based POS device that has been given the CE certificate. And with this, we will begin to accelerate to get the XPOS compliant with the different markets and increase the activation rate of the XPOS. For example, in Dubai, we are working with the local credit bureau to apply for an approval with the local regulators using our CE Certificate as the base document. The same goes for Korea’s KC certification. So yes, a lot of things have been moving behind the scenes and one thing that is clear is whatever we do, it is to play the long-term game. Hence, we had to make sure that we have all the relevant required certification for the XPOS before we take it to the next level of deployment.
Q: How many XPOS transactions (by coins) have been done so far (since the start)?
Zac: The XPOS and XWallet have handled a total of $3.9M USD in Q1 outbound transaction.
Q: Will there be a major partnership such as with Uber or Amazon to use the XPOS? Any strong partnerships in the works for the XPOS?Any upcoming big deals for the xpos ? Like Starbucks, etc? And did Pundi X ever get in contact with Kroger?
Zac: As always, similar to other business deals, due to confidentiality agreements, we do not comment on major partnerships until it’s firmed up or announced first by our counterparties. One thing for sure, we are working hard to engage established global enterprises (especially those) with a large distribution network and footprint. In addition to that, we are exploring the expansion of our XPOS solution footprint by integrating the XPOS into one of the Top 2 point-of-sale manufacturers. We will share the process and details once we have completed the testing.
Q: Any updates on a Pundi X collaboration with Dubai government?
Zac: We are in the process of getting the XPOS certified with the local government authorities. And now that the XPOS has the CE certificate, it will accelerate the approval process in Dubai.
Q: When is the XPOS capable of handling credit card payments?
Zac: We have reached out to various parties that can provide and activate these services and that includes meeting the CEO of MasterCard, Mr Ajay, in person. He has seen our XPOS and from what I could tell, he was impressed.
Q: When will you add XRP to XPOS?
Zac: The XPOS is a digital currency-neutral device. When there’s enough demand and a real need from an organization or company, we would not hesitate to add it to our XPOS ecosystem.
Q: When will the XPOS have WePay, AliPay, Samsung and Apple pay?
Zac: XPOS itself is hardware-ready for these payment methods. To activate these services, we will be required to comply with the local regulations in different jurisdictions and work with the providers of payment gateways.
Q: Can we get a merchant map, similar to bitcoin ATMs?
Zac: The team is working on this. In the first phase, we will have a list of the featured merchants. We are targeting to have a “lite” version of this “featured merchant” map ready by end-May. We are finalizing the name but you can call it the X-MAP where you can locate your favourite XPOS merchants or X-Merchants.
Q: Does Pundi X have plans to support stable coins?
Zac: Our XPOS merchants already have access to the stable coin feature, but for regular consumers, the option to have stable coin is not available yet. However we foresee turning on this feature soon.
Q: China and Thailand should be supplied with XPOS via some partner. The news was big but that was over a year ago. What’s the status in these two key markets?
Zac: China’s stance against Cryptocurrency is still a no-go. The news that was mentioned a year ago refers to our license distributor called XPOT (they had a kick off event a year ago where Mr. Prachuab Chaiyasan, Former Minister of Foreign Affairs of Thailand was one of the attendees). XPOT is our licensed distributor and I believe they are still in discussion with the local governments and pending the environment to change. Regarding Thailand, we are in talks; with possible partnerships in this market. Please stay tuned.
Q: What are the current legal issues Pundi X is facing in USA, Germany and Canada?
Zac: Regulatory bodies are still ambiguous about their policies toward cryptocurrencies. As previously mentioned, we will continue to monitor the situation in the different markets and be compliant so that as soon as there is clarity in the market, we will be in a prime position to move in.
Q: When is Pundi X expanding to India? I was at your Mumbai Meetup but we are still waiting
Zac: We are awaiting RBI’s permission too, as crypto is still frowned upon by the local authorities.
Q: A long time before the public token sale, at the pre-sale stage, Pundi X said they have a working product and simply needs the funding to pay for a huge production and then give out XPOS devices for free. The cost per device is somehow USD 200–300, depending on order volume and a USD 3,000 investment would yield a minimum of 10 XPOS Devices. After enough funds raised, the token sale got capped and more funds raised. Then the XPOS got remodeled and went for sale. What happened with the initial idea of giving 10,000+ devices out for free?
Zac: As previously mentioned, pre-public token sale participants who purchased > 30 ETH are entitled to a free XPOS. If you haven’t claimed yours, please reach out to us. Also in the pipeline, we are working with some non-profit organizations to provide free XPOS for their usage.
On the XWallet
Q: Will you add a stable coin to XWallet?
Zac: Yes, we will. Someone has asked the same thing about XPOS. It will likely be added around the same time for XPOS, XWallet and XPASS.
Q: Can we add the bank transfers to XWallet? Basically to liquidate on the XWallet for sending money to my bank account?
Zac: This is my personal favorite feature to have and it’s on my wishlist. In order to support fiat, we need to have a Payment Service License / E-Money License / Stored-value license in a jurisdiction that supports a particular fiat. For example, if it’s EURO, we will need to apply for a license or lease it via a partner for this to work. We are definitely exploring the different possibilities but we are unable to elaborate more on when, or if it is happening, as this also requires more talks with the different local jurisdictions. Q: Turkish holders would like to ask when can we partner with master / visa and integrate with XWallet? Zac: As mentioned earlier, we have reached out to various parties that might be able to activate these services.
On Q3 to Q4 Plans
Q: What’s the plan for Q3 and Q4 for this year?
Zac: There are tons of things we are working on for Q3 and Q4.I will broadly separate it into: Developer ecosystem — The developer ecosystem allows traditional and tech companies to onboard themselves into the XPOS and XWallet ecosystem, such as listing of their custom tokens, advertising etc. These services will all require the usage of NPXS and NPXSXEM tokens. Partnerships — We are likely to partner with incumbent retail chain stores payment companies, incumbent POS companies that have deep distribution network to help expand the reach of XPOS, XWallet, XPASS, etc. Governmental level efforts — We started off with Dubai and since then, several other governments have shown interest. We see this as an opportune time to engage forward-thinking governments to build a blockchain ecosystem in their city and country. Our Team: we will continue to invest and grow our R&D team capabilities as they represent the heart of Pundi X. If any engineer or developer is keen to help us to scale, please get in touch with us. We are actually looking for engineers as I speak.
On NPXS and Token Removal
Q: What is the quarterly token removal from the NPXS usage of the XPOS and the burned amount for Q1 2019.
Zac: Good question. Some holders may be aware that token removal includes the result from the conversion. The amount of Q1 token removal will be announced in the 1st week of May and we will execute the removal in the 2ndweek of May.
Q: Pundi X has mentioned a monthly coin burn and a monthly buy back. Why hasn’t this happened yet?
Zac: It is not monthly. We are doing a quarterly token removal.
Q: People feel that the current token burn isn’t as transparent as many wish. What can be done to improve this process and make it more transparent? The biggest upset was after the ULTRA festival where Pundi X just wrote “we ain’t allowed to talk numbers.”Could there be a daily or weekly ticker? Is that possible?
Zac: That’s a good suggestion. While a daily ticker might be challenging, we certainly can try exploring incorporating a ticker update towards all token removal or scheduled for the next one.
Q: Zac, you have mentioned previously that someone was trading against NPXS. What did you guys do about this problem?
Zac: There are trading teams, market makers, financial institutions that profit from the drop and rise of token prices in the crypto market and it’s not something that is unique to NPXS. In fact, the traditional stock markets have similar challenges as well. We have taken the “the best defense is a good offense” strategy which is to continue to strengthen our tokens; such as create more use cases, drive more adoption and more distribution to ensure our tokens are well positioned and stronger than ever.
Q: Why do you not do any great marketing and generate publicity for NPXS, e.g., advertise on television stations in major and in different countries? I generally see marketing as very important to the company’s success. And I hope to see real partnerships, not just with small shops or restaurants.
Zac: We rarely engage in paid partnerships as it doesn’t necessarily produce the best ROI in terms of investment and in this market condition, we believe in being financially prudent. Being in a decentralized environment, we consider ourselves as a community-driven company.The impact of organic press coverage driven by our community is always stronger. We do want to be seen on all major news channels and we will do that via “thought leadership brand building.” As a testament to our growing reputation, recently, we were invited to speak at the Fintech Ideas Festival event and be on the same stage as the senior executives and CEOs of Wells Fargo, COO and CTO of Bank of America and other large institutions. We see this as the right step forward in growing our brand appeal to the masses.
On the QEX Fund
Q: Any update on the QEX fund?
Zac: The QEX fund is led by Vic Tham,CEO and Fen Chao Yong, COO, at Quantum Energy Asset Management, also known as QEAM. Other than being the CEO of QEAM, Vic is also Pundi X’s Chief Investment Officer. From what we know, they are in the midst of raising funds, book building, analyzing potential projects & companies and strengthening the portfolio for QEX. It’s an ongoing effort for this year and a very exciting one. We are extremely excited to see potential breakthrough projects that could benefit our ecosystem. And if anyone has questions or interests, please do reach out to Vic Tham and his team at QEAM.
On Function X
Q: What is the update on devs program for the Function X ecosystem?
Zac: Many keen developers are eagerly waiting for it, and I know Billy who has posted this question is one of them. We are working on it right now, we can’t commit on the dates yet but developer support is a big part of our ecosystem. We are working tirelessly, and sometimes “sleeplessly” to get this out.
Q: Did you use “investors”/ token holders funds to develop Function X? And instead of giving the 65% FX tokens to NPXS and NPXSXEM holders, you are getting them to choose between NPXS/NPXSXEM and FX token?
Zac: 65% of the FX tokens from Token Generation Event (TGE) is already allocated for NPXS / NPXSXEM token holders, via staking and/or conversion. There are two separate projects with teams working on it. For the XPOS ecosystem to flourish, it requires a more scalable platform/solution which is the Function X ecosystem. The Function X foundation will be announced in Q3 and hopefully it will be a pleasant surprise. We will have a solid team to grow the Function X ecosystem.
Q: Will Pundi X be less focused on NPXS once FX goes live?
Zac: No, we think it’s mutually beneficial. If I may use an analogy, it’s like Google Search and Android, one product will lift the other up. The other example would be salt and pepper. When used in combination, it will drastically improve the taste of any particular dish.
Q: What is the relationship between the future f(x) coin and the future NPXSFX token? Is the former used in the FX ecosystem (XPhones) and the latter used in the XPOS ecosystem? If so, would buying something using the XPhone going to burn FX coins, NPXSFX tokens, both or none?
Zac: Think of the role of f(x) coin like how ETH is. Everything or any service that’s taking place in the Function X ecosystem will require the f(x) coin. For NPXS which will be ported over to the Function X blockchain once the Function X mainnet is up and running, its utility will remain the same. Any payment-relevant services or activities on the Function X blockchain will require NPXS, which on the Function X mainnet will be tentatively called NPXSFX.
Q: For FX Tokens, the lock up of 1 year is too long for us to wait. Can we change the option to shorten the duration?
Zac: The mechanism in place has been designed for the long term, so unfortunately, we can’t change the option. Users have the choice whether to convert his NPXS and NPXSXEM, or not, into f(x) coin, if a user chooses to convert he will receive 12% immediately and 8% each month for the next 11 months.
Q: Will F(x) be available to those who couldn’t stake or convert? Will it be before the staking period end or after? When will F(x) be available to purchase on an exchange for those in countries who were not allowed to stake? Will it be during the staking period or after?
Zac: Soon we hope. As per our policy, we are unable to comment on listing dates, but with our established relationships with exchanges, we do hope it will be quick.
Q: We were all impressed by the Uber Dapp demos running on F(x), but these days Tron and EOS are getting a lot of press about Dapps too. What advantages will F(x) have over those platforms?
Zac: Each platform will have its own advantages, we welcome the competition and hope that more popular apps such as the decentralized Uber app can be conceived from Function X.
Q: Why is there no cap on f(x) tokens? When will you explain how the tokenomics will work?
Zac: I would encourage all to have a look at our concept paper on functionx.io and the Medium blog post as the details are explained thoroughly there.
Q: Have you already secured deals with other companies like Sony, Samsung, etc with the Function X OS to build other blockchain phones? Or do you plan to keep the Function X software to just the 5000 phone you already made?
Zac: The 5,000 XPhones serves as a proof-of-concept, for manufacturers and developers to have a test drive. We want to partner with hardware/smartphone companies and telcos to build their own version of the blockchain phones with Function X. And we are still working hard to engage with the companies to push for future blockchain phones and strengthen our Function X ecosystem.
Q: Will the XPhone work as a mobile point-of-sale (mPOS) device like the XPOS Handy?
Zac: The XPhone comes preinstalled with the XWallet and with that, it can double up as a lite version of the XPOS with QR code and NFC Support.
Q: When will XPOS Handy be ready?
Zac: XPOS Handy will be available in the coming weeks.
Hi Bitcoiners! I’m back with the twelfth monthly Bitcoin news recap. (Yes I'll keep doing these in 2018) For those unfamiliar, each day I pick out the most popularelevant/interesting stories in bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best), memeless overview of what happened in bitcoin over the past month. You can find recaps of the previous months on Bitcoinsnippets.com A recap of Bitcoin in December 2017
We all know that Kin is a unique digital currency, that it has value and utility, and that the Kin Ecosystem, currently in development, is going to be big--very big. But let’s look back for a moment. In order to see the scope of what’s happening, and where we’re going, it might be useful to look back, at where we’ve been. Kin was started by the good folks at KIK Messenger. As Facebook and Google grew to gargantuan proportions, it became obvious to all that the old-school model of Advertisement Placement for monetization was becoming untenable for anyone other than the biggest and most entrenched of companies. Yes, the Facebooks and Googles of the world were doing fine with monetization via advertisements, and were busily scalping data from their users in a feeding frenzy to capitalize on the one asset they could sell… those users’ attention. While most users thought Facebook was designed to give the social media platform as the product, and that they themselves were the customers, the reality is far different. The truth is that the advertisers were the actual customers, and Facebook users were the actual product. Very much like the Matrix, isn’t it? We are fed a social media mental “pudding,” and in return we give Facebook hours and hours of our attention… which it then sells to the advertisers. Understandably, this realization came as a shock to those who were able to see and understand this revelation. Many users still do not grasp the reality of the situation, and are happily, mindlessly eating the pudding. Leaving aside the distasteful mental image this business model give us, it created a problem for up-and-coming, and smaller but established Social Media companies. The smaller SM operations were left in a bit of a financial quandary… advertisers were loathe to spend on smaller platforms, because the reach of the giant platforms was so large and all inclusive. The remainder were basically crumbs on the floor. From this basic problem… and the ensuing economic reality… came the idea for Kin. Monetization is a concept that no one really enjoys talking about. For most of us, we’ve come to accept that ads are a necessary evil that we pay attention to in order to receive content; at this point most of us simply grit our teeth and press on. No, I’m never ever going to buy that silly spray to cover up the smell of your poo, but go ahead, play the damned video ad… again. I digress. But what if there was a way to change the dynamic so that the SM platform user’s attention was no longer the product that got sold to monetize the operation? What if the user could sell his or her OWN attention, and be rewarded thusly? And what if there was a way to compensate developers and businesses who work in the ecosystem for this activity as well? What if the user actually became a rewarded participant in the engine that generated income? And was even able to generate income for themselves in the process? What if a system was designed to reward users, developers and investors, all at the same time? This is the basic premise of Kin. THE GENESIS of KIN In 2009, Kik Interactive was formed by a group of college students at the University of Waterloo, Canada, in order to create applications for mobile devices and smartphones. Soon thereafter, the Kik Messenger was launched. In it’s first fifteen days, Kik enrolled over one million users. Over the years, Kik has solidified itself as a strong niche player in the messaging app world. Initially, Kik monetized itself by placing advertisements, but realized over time that ad revenue might not be the best way to keep Kik in solvent. After several years of struggle, Kik embarked on an experiment and instituted a program called “Kik Points.” This program allowed Kik users to participate in a very basic and limited “earn and spend” program. The users would answer surveys, or watch videos, in order to “earn” Kik Points… which they could then spend on in-app programs like sticker packs or emojis. What the Kik folks saw was a very enthusiastic, large group of people working to earn, and then spend Kik Points, in a transactional rate and density that dwarfs that of every cryptocurrency, including Bitcoin. Kik then knew it was onto something. The team got to work, and after years of design, Kin was born. The Kin token was introduced into the crypto universe through an ICO (initial coin offering). The Basics of Kin Kin is the first cryptocurrency designed for mass-adoption and utility. It was engineered, specifically, to act as a currency to be used in millions of daily small and micro-transactions. In other words, it was a coin designed to be “spent” by the masses, not held by speculators. Kin is designed to reward people for using the coin. The Kin Rewards Engine (KRE) pays Kin to users and developers who contribute to the ecosystem. This does “inflate” the circulating supply of the coin, which in turn keeps the value of the individual coins in check, but in reality this is a core design component of Kin. Kin is designed to grow in value, but is designed to grow more slowly because of the extreme volatility witnessed in the growth of other coins. This kind of volatility would destroy Kin’s ability to be used as a true currency. The KRE serves two purposes, then; to reward those who boost the ecosystem thought their efforts, and to moderate the extreme peaks and valleys that have plagued cryptocurrency since the invention of Bitcoin. Bitcoin, for example, has morphed into a “store of wealth” rather than an actual usable currency. It is “deflationary” in nature; in other words, the scarcity of it is the sole driver of it’s value. The high cost of Bitcoin transactions, extreme value fluctuations and slow processing speed all hinder its use as a true currency. Additionally, why would someone spend Bitcoin when it may appreciate significantly in a short period of time? We all have heard the story about the two pizzas that were bought with 40,000 BTC… which would make those two pizzas worth over $300 million dollars today. And why would a merchant accept a currency that might lose a large percentage of it’s value very quickly? With a deflationary, speculative currency like Bitcoin, swings of plus or minus 30 to 50% within a few days are not uncommon. Kin, on the other hand, is designed to be used and spent by millions of users. It’s value will also grow significantly, but that growth will be relatively stable, with few of the huge peaks and valleys we’ve all seen in other cryptocurrencies. This is directly due to the large initial supply of Kin tokens (756 billion) the large maximum supply (10 trillion) and the design of the KRE. Most people with any crypto experience see that 10 trillion figure (the maximum circulating supply of Kin) to be a huge detriment at first blush. This is because they haven’t grasped the need for that many tokens. Looking at it from the perspective of other crypto, 10T coins is a ludicrous, astronomical number of coins. And with any other coin, it would bake no sense. But Kin is unique. It’s a true currency, not a store of wealth. It is designed to create value growth through usage, not through speculative buying, selling and holding. When Kin reaches mass adoption, the larger supply of coins will keep the price of the coin relatively stable while it grows in value, and will significantly reduce volatility. Notice that I did not say that the large supply will reduce appreciation; it won’t. That’s because while Kin is designed to be an inexpensive coin, and should never experience the volatility of Bitcoin, that doesn’t mean it won’t gain and accumulate value. It most definitely will. There are no limits to that appreciation, and those who buy Kin now, while the price is well below 1/100ths of a cent, will see significant return on their investment. That opportunity, as significant as it is, is not going to last much longer, and will not be available again. Kin is designed to go against the “normal” crypto path of pump and dump. It is not designed for arbitrage trading. Again, it is designed for utility, to be earned and spent, unlike most cryptocurrencies. Kin is designed to be an inflationary coin, not a deflationary coin. In that, I mean that Kin, through the KRE, injects liquidity into the ecosystem and does not appreciate solely due to its scarcity. The KRE rewards those who have significant positive effect on the ecosystem by awarding Kin to those entities or people. If you develop an app that captures people’s imaginations and is wildly successful (think PokemonGo), and you’re using Kin to monetize that app, that effect on the Kin Ecosystem will be greatly rewarded with equivalent Kin. By injecting this liquidity into the ecosystem, the KRE rewards those who make the ecosystem work. This also tends to have an inflationary effect that slows the growth of the coin into a manageable upward trajectory, versus a hyperbolic, exponential increase. Bitcoin, on the other hand, is deflationary… which means that no new BTC will be brought into the BTC system, and its value is based solely on that perceived scarcity. Since it has no mass adoption or real utility, and it’s value can rise and fall very quickly in large amounts. People buy Bitcoin for two reasons only today; speculation, and movement of fiat currencies into other cryptocurrencies. Speculation is the reason most people get into cryptocurrencies; with the advent of Kin, that will no longer be the case. Once Kin begins mass adoption, the majority of people in cryptocurrencies will be in Kin, and will be using, earning and spending Kin without buying the coin on an exchange. They will not be speculators, they will be users. Speculation has been the name of the crypto game in the past, of course, but that is about to change. Speculation on crypto will become the minority use case, not the majority. Bitcoin will always have a place, obviously, but can you buy groceries with it? Can you pay your electric bill? Can you go out to eat using Bitcoin? No. Bitcoin will always be the first cryptocurrency, but it is not a mass-adoptable currency with any single, strong use case in its current form. Kin was designed with Bitcoin’s failings in mind. The question comes up: Will Kin ever be a truly valuable coin, even with a ten trillion coin supply? The answer is an emphatic YES, it will. It will never be a short-term investment; there will be no 10x tomorrow, or 100x next week. But for the patient, the growth is coming. For the long term HODLer, the rewards will be significant indeed. Let me explain why the Kin Foundation, in designing Kin, chose to make the circulating supply 10 trillion Kin tokens. Why are there 10 Trillion Kin? To be a true currency with mass adoption, used by millions of people, there needs to be a large amount of Kin available. Otherwise, in very short order, people would be using Kin in decimals. It was decided that people would rather earn and spend multiples of Kin (i.e., 1000 Kin or 500 Kin) versus decimals of Kin (i.e., 0.0001 Kin or 0.0005 Kin), as is now necessary with Bitcoin, Ethereum and many others. Note that Kin can also be used in decimal divisions, so that in the future, the value of Kin will never be limited by an inability to be used by the decimal. In order to tamp down the extremely volatile nature of many cryptocurrencies, a larger circulating and available supply is necessary. A balance was found at 10T where the supply is large enough to meet the needs of the millions of users, but was small enough to not interfere with the growth of value in the coin. The Kin Rewards Engine (KRE) is key to this balance. By injecting Kin liquidity into the ecosystem, it rewards those who enable and grow the system, but it also minimizes volatility and keeps value growth down to a sustainable, non-hyperbolic/non-exponential growth curve. In this, it both creates opportunity and eases fears of volatility, for users, developers and merchants alike. There are currently 756 billion Kin tokens in circulation; most of the remainder are held by the Kin Foundation for their own use, and for rewarding those who enable the ecosystem via the KRE. The KRE is schedule to begin operation in Q3 2018. As the value of Kin appreciates, the number of Kin injected via the KRE will change, though the total value will not. For this reason, the KRE stands to be in operation, injecting liquidity, rewarding innovation and ecosystem enhancement and controlling volatility for many, many years to come. In the end, 10 trillion coins will not be enough to satisfy the long term needs and desires of the masses. If 50 million people are using Kin, this works out to only 200,000 Kin available per user. Most early adoptecapitalists in the ecosystem hold many, many more than that. This eventual scarcity will drive the value of Kin up significantly; I won’t prognosticate how high. There is, however, no limiting factor. I am very bullish at this prospect… because of the last item, number 5. Metcalfe's Law shows the correlation between the usage of a telecommunications system, the size of it’s network, and its value. As the number of users grow, this law shows us that there is a direct correlation between the supply, the number of transactions per day, and the approximate value of that coin. This law follows closely the movement of Bitcoin, Ethereum and other cryptocurrency systems, and shows that Kin will benefit from mass adoption and millions of daily transactions from tens or hundreds of millions of users. Without a large supply, this would not be possible. The design of Kin requires 10 Trillion coins to be available to execute the plan. And the plan is to allow users, developers and investors to all reap the benefits of a vibrant and growing ecosystem. When there are hundreds of millions of users in the ecosystem, the value of Kin will be greater than most people can imagine. It’s an exciting time, to be sure! So we’ve looked at why the circulating supply is important, and why it’s different from other currencies. Let’s look at the center of why this works, the KRE. The Kin Rewards Engine: How it will disrupt Social Media monetization How often do you log onto YouTube, or Facebook, or any other Social Media site, and click on a video you’d like to see? Before the video starts, though, you are forced to watch an advertisement… maybe it’s something you want to know more about, but more often than not, it isn’t. What if someone was reading your chat messages and saw you were talking about buying new running shoes, and there’s the ad for that, placed right in your face. Currently, the harvesting of your personal and private conversations is real and ongoing… putting that aside (and that’s a wholly different problem that Kin solves), someone is making money by scraping your personal data off of private communications and browsing histories, creating ads that target your interests, and then forcing you to watch those advertisements. A bot is reading your data, intuiting your thoughts, and someone profiting off of you. George Orwell’s “1984” called this person “Big Brother.” The KRE puts an end to this exploitative monetization model. The advertiser compensates you directly for viewing that advertisement, or answering that ad, or for playing that game. You can then spend your Kin on spend opportunities like branded Gift Cards from hundreds of big named merchants like Amazon, McDonalds, and Best Buy, or the user can take their Kin to an exchange and sell it for the fiat currency of their choice, US Dollars, Euros, GBP or Yen. You can use your Kin to buy music, to view curated content, or to tip a content provider. Paywalls for online journalism will become a thing of the past. The KRE will reward the developer or person or company who placed the ad and contributed to the ecosystem. The user is allowed to contribute financially to content they value; instead of having their personal information sold to an advertiser. The user also can benefit financially for their own intellectual efforts and content creation. Businesses and developers will be able to easily move their Kin to exchanges to trade for fiat currency; this enables them to pay bills and salaries, and reinvest in other parts of their business. This also creates liquidity for exchange trading, which is an important part of the Kin Ecosystem. In this way, the KRE will rewards users, developers and investors who participate by adding value to the ecosystem. It will be an “open” ecosystem, allowing people to choose their use of Kin, whether it be purchases within apps, soft monetization via giftcards, or hard monetization via exchange trading for fiat currency. It may also become an option for game fans, hobby coders and enthusiasts to produce a living income via Kin. Why are there two types of Kin? Initially, Kin was designed to exist on a single blockchain infrastructure, the Ethereum Blockchain. Kin’s ICO was performed on the ETH Blockchain, and all Kin currently available to buy on exchanges are ERC20 tokens, built around Ethereum. Last year, Ethereum experienced significant delays in transaction times because of a game that had been built on the platform, called “CryptoKitties.” This game became very popular very quickly with Crypto fans, and in their exuberance, their usage crashed the Ethereum platform. The Kin Foundation realized that Ethereum, in its current form, was neither fast enough, nor robust enough to support the millions of users of Kin. Something had to be done. The Foundation decided to seek another blockchain for Kin. Something faster, stronger, and secure enough for the millions of users of Kin to have near instantaneous, secure transactions, no matter what. A couple of solutions were found: The Stellar Lumens blockchain (XLM) was chosen because of it’s transaction speed, utility and robust nature, and the Orbs blockchain, which can stand as a replacement if there is a problem with Stellar down the road. But what about exchanges? Kin on Ethereum can expect to be on many exchanges, and that access to liquidity that is essential to the success of the project. Kin on Lumens or on Orbs wouldn’t have widespread access to exchanges. This was a dilemma, The solution was to create the first ever two-blockchain cryptocurrency. All Kin bought and sold on exchanges is on the Ethereum blockchain. Kin to be used in the KRE, the Kik app and the Kinit app, and in the remainder of the Kin Ecosystem, will be based on the Stellar Lumens blockchain. The two types of Kin will be functionally identical in value, and freely interchangeable between the two blockchains. Basically, users will earn and spend Kin (XLM) in the Kin Ecosytem, due to Stellar’s robust design and fast transaction speed, but when they wish to move their Kin to an exchange, their Kin (XLM) will be exchanged for Kin (ETH) on a 1 for 1 basis prior to moving the Kin to the exchange of their choice for trading purposes. In this way, the needs of all Kin users will be met. And should Stellar be someday unable to meet the demands of mass adoption, the Orbs Blockchain, and others, are available for later development. In any event, this dichotomy of Kin will be mostly transparent to the user, and will not impact the value or the utility of the currency. The Kin Foundation has developed this dual-blockchain technology so that Kin can become the first mass-adopted, widely used cryptocurrency in the world. So, how much will Kin be worth? This is a big question. Many naysayers don’t believe Kin will appreciate significantly because of the large supply. This is based on their past experiences with Cryptos that don’t have utility and are simply speculative in nature. That’s not the case with Kin. To be completely honest, no one knows how much appreciation Kin will experience, or when it will reach a certain value. Here’s what we do know: Kin is positioned to be the first mass-adoption cryptocurrency in the world. Today, less than six million people worldwide own or use and cryptocurrency… this is an astonishingly low number. Kik, the messaging app behind Kin, has over 300 million registered users. Kin will be introduced first on the Kik app; Kik app users will have their first opportunities to earn and spend Kin before the end of 2018. So basically, once Kin is introduced on the Kik app later this year, the number of people using cryptocurrency worldwide will multiply many times. In one day. Kik will introduce crypto to tens of millions of users by the end of the year. As mentioned before, Metcalfe’s Law shows the relationship between a cryptocurrency value and the usage or transactions conducted by that coin, and the circulating supply. With current supply at 756 billion, and assuming transaction numbers in the 10 million per day range, Kin should be trading at around $0.01 per coin. Remember, however, that the KRE will be raising the circulating supply, and it may take some time to get to 10 million transactions per day. The value of Kin hinges on these numbers. In this, the beginning of the ecosystem, there is no foolproof way to estimate the value of Kin on any certain day. That said, there is no limit to the value of the coin, over time. None. Not circulating supply, or market capitalization, or anything else. No limit. In a decade, after the ecosystem has matured and is operating solidly, Kin could be worth…. Well, you fill in your own numbers. I have my opinions, and they are not limited by the number of coins, the market cap or anything else designed into the coin. For me, it all hinges on mass adoption and usage. Partnerships Kin has inked a number of partnerships that are exciting and will stand the ecosystem well into the future. Two recently announced partnerships are UNITY and BLACKHAWK NETWORK. UNITY Unity is the ultimate game development platform. It brings together developers and technical assets in ways that allow the creation of some of the world’s most popular digital games. There were 5 billion downloads of games made with Unity in Q3 2016 alone. Today, games that were made with Unity exist on 2.5 billion unique mobile devices. App and game developers will be able to insert Kin’s “5 minute SDK” (Software development kit) into the code of their app or game, and be monetizing their efforts with Kin in minutes. This “plug and play” approach makes the Kin Ecosystem and its rewards accessible to almost every developer, without the expense, time and research of developing a cryptocurrency. It truly is bringing cryptocurrency to the masses. Simply plug the “5 minute SDK” into your code, launch/update it, and within minutes, you’re creating revenue. Your users will also have earn/spend opportunities, and your game/app usage will grow dramatically. No more sharing your revenue with the Apple App Store, or with Google Play Store. This is a huge increase in revenue for developers. BLACKHAWK Blackhawk Networks is the leading gift card supplier. Simply put, if you’ve ever used a gift card, it most probably came from Blackhawk Networks; that’s how deep their market goes. Over 250 different branded gift cards will be available for developers to choose from for their users to select, based on their personal knowledge of the demographic. Is your app a traffic or mapping app? Perhaps your users would appreciate being able to earn Kin to buy a Dunkin Donuts cash card. Because, coffee. Is your app a fitness app? Perhaps a Nike gift card is more appropriate. Is it a game geared towards younger users? There’s always McDonalds. A dating app? How about a card for flower delivery? You can see that the options are endless. And don’t forget, the user AND the developer can choose to move their kin to other apps for other options, or to large cryptocurrency exchanges, where they can exchange their Kin for dollars, euros, etc. In this way, the ecosystem is enhanced, the cycle begins again, and the KRE continues to reward. Big Investors One of the things that first got me excited about Kin was learning that Kik and Kin were heavily invested in by Tencent, the Chinese behemoth company behind WeChat. I travel extensively to China for my day job, and it was an incredible realization to see that most Chinese don’t carry paper currency anymore. Hundreds of millions of Chinese use WeChat every day to purchase everyday things like food, movies, clothing and the like. WeChat connects to the user’s bank account, and instantaneously debits the accounts when the user makes a purchase. Many retail outlets and vending machines in China no longer accept credit cards, and fiat purchases are dwindling in number. Tencent’s interest in Kin is significant. Imagine Kik, using Kin, evolving into something similar… with hundreds of millions of people using Kin to conduct a significant amount of the economic transactions in their daily life! The adoption and utility numbers are mind boggling. Additionally, there are a number of heavy hitters in the Crypto space investment community. Union Square Ventures (USV) is an investment fund that has bet heavily on Kik, and thereby, on Kin. Other investments from USV include CoinBase, Koko, DuckDuckGo, CodeAcademy, DuoLingo, Wattpad, SoundCloud, Foresquare, Kickstarter, Meetup, Etsy, Disqus, Tumblr, Twitter and Zynga. As you can see, Kin is extremely well positioned, and the monetization opportunity Kin represents for these companies is being explored. Wrapping it all up in a big red bow… The TL;DR version is this: Kin is poised to become the most used cryptocurrency in existence in 2018. As the KRE comes online, Kin is introduced to the Kik Community, the discrete Kin app (Kinit App) is released, the 5-minute SDK is finalized, more partnerships come online, more and major exchanges offer Kin trading, and word spreads, expect the value of Kin to begin growing significantly. Kin currently sits near the bottom of the top 100 cryptocurrencies in terms of market capitalization, but the expectation is that Kin will rise towards the top of the top 100 in short order. As the value increases, so does market cap. Don’t make the mistake of thinking market capitalization limits the growth of Kin in any way; it will be the usage and mass adoption that will grow the value. As the crypto market recovers from the last few months, look for Kin to accelerate its growth as more partnerships and exchanges are announced. Once the KRE begins operations, the value of Kin will grow more quickly. I do not expect Kin ever be worth less than it is right now. The future for Kin is extremely bright. The Kin Foundation has much work left to do, but they are up to the task. Stay informed, and make sure your portfolio has Kin in it!
Hey everyone, Every project needs team-building meeting so we could plan one for developers and all those who actively participate in the project and also for every other community member. We have 20 beds or little more available at this place. If the number of participants will be very high, the beds are up to those who are "older" in the project, and those who put many of their time into this project. But don't worry.. there are some nearby hotels which are offering discount for us. Free Beds were offered at this place: https://goo.gl/maps/Wz6S3TZLD6go1fh7A hotel with also a big discount for us: https://goo.gl/maps/CvYSPcmQRJyps8pT6 The meeting will be 2 days. Will start on Saturday and finish on Sunday. We are checking tickets from the main European cities. Berlin, Athens, Madrid, and for example on 16-17 November tickets are something around 80 euros for round-trip. everyone can participate in this meeting. Meeting will happen if there will be enough big group of people, and if at least 2 developers or other people who are with this coin from the beginning. So our aim is not only to take a beer but also better understand how to improve the project and what to do to make it bigger. would you like to participate? would you come? We want to here your opinion. also read more on our forum: https://forum.btcz.rocks/t/first-meeting-btcz-group-rome-november-2019/1271/2 #BitcoinZ #BTCZ #Meeting #community #Rome #Italy #beer
Reflexive Processes, and Why It’s Important for the Blockchain Industry and Will Probably Be Used to Solve Global Warming
If you're into medium, read here: https://medium.com/@kevinhill_96608/the-principle-of-reflexive-processes-and-why-its-important-for-the-blockchain-industry-and-world-8eb61255473b The great German philosopher, Friedrich Nietzsche, made the statement “if you stare into the abyss, the abyss stares back at you”. After seeing this statement I pondered exactly what that meant in the real world, at first for days. “How could something I’m looking at look at me” I asked. The statement stayed with me, and after a while I started realizing that Nietzsche’s statement of the abyss is representative of something much greater than psychology; it represented a principle that’s seen in every aspect of reality: from physics, to psychology, to the markets. At some point I reason that it will have significant importance in the entire blockchain industry. I call it reflexive processes, a term I originally coined after reading George Soros’ book, the Alchemy of Finance. Soros asserted that asset prices influence the fundamentals of trades, and that these newly influenced set of fundamentals then proceed to change expectations, thus influencing prices; the process continues in a self-reinforcing pattern. Because the pattern is self-reinforcing, markets tend towards disequilibrium. In the short-term, there’s a bi-directional effect on an actor, long-term the combination of actions on anything produces an increase in self-reinforcing actions. Reflexivity with XRP
Places Reflexive Processes Manifest In The World
After looking around I noticed that the property he talked about existed everywhere. For example, Newton’s 3rd law is similar to that kind of process if you abstract the physicality away from it. If you push at something, the same force in which which you push at the given item will push at you with equal degrees of force in the opposite direction. The same is true when taking into consideration micro-scale observations; the Heisenberg Uncertainty principle. The moment we observe anything in the world we have to affect what we observe to some degree to reach the point of observation. This can come from viewing at something from a certain angle with prior beliefs, or in placing outside effort to change the environment associated with the observed subject. In a way, the observation changes prior beliefs of the observer as well, and may reinforce what the actor observes in the world. Once the paradigm of the observer changes, so does the outside world to an extent. Once the outside world changes, so can the beliefs of the observer. It’s very bi-directional. This process is also integral to the movement inside of financial markets. In fact, it was first observed through George Soros’ investing career. He made Billions using it. People’s prior beliefs about how the markets behave has them act in a way where they will or won't place positions into the market. At the same time the positions inside of the market will cause the market to shift, and that shift will change people’s perspectives.
How Bitcoin and Blockchain Are Related To Reflexive Processes
As I’m writing this article, we’re currently seeing a massive rise in Bitcoin’s price. This happened after a single push from a single actor, which placed $100 million together. It was likely pulled together to be a short squeeze. Immediately blogs, reddit posts and Youtube channels all placed their inputs on it. Bots bought through the push into a new position, which therefore pushed the price higher. People were excited and high on sentiment. This is one of the more interesting versions of reflexivity. We see that the price rise completely changed the beliefs of the cryptocurrency market. It made people excited to push their own money into the fray and make a profit. Prior to that point, people weren’t buying various cryptocurrencies Bitcoin en masse. What changed? Well, technically both the environment and the observers. However, if we’re looking at the order of change we’ll see that the environment changed first, then the traders changed sentiment, and action directly after. Inside of the cryptocurrency markets this is not just seen with actors (traders) having follow-up trading positions. It’s also something that we’ve seen in the mining industry. Back in 2017 and early 2018, the prices of cryptocurrencies were skyrocketing. It produced a chain of effects:
The constant rises in pricing created a circumstance where the profitability of mining grew exponentially, and so did the demand of mining.
Because the demand of mining grew, the security of the markets grew with the rise of available hash power, and the rise in demand for GPUs and ASIC rigs gave money to the companies that produced both (BitMain, AMD and Nvidia primarily)
This allowed them to invest massively into the R&D and production (i.e supply chain and contracting) of their products.
The increase in production and research for the companies would enable them to offer a wider array of products, eventually at a cheaper price.
This is seen with both Nvidia and AMD offering chips for the data center. AMD was able to somewhat catch up with Nvidia in terms of R&D and serve different sectors of the market.
It would be fair to infer (I do say infer, it’s not absolute) that because AMD hasn’t captured the data center and AI market as Nvidia has, that they’ve received an influx of money from other sources. Some from investors, some I reason is from the increase in sales from other industries.
This is all relatively traceable through looking at the timing between various actions inside of the market. By identifying the change in market pricing between the various asset classes, and relating them to product releases and prices of each type of graphic card, you’ll see that a lot of change was perpetuated in the industries by both cryptocurrency and AI. Reflexive Processes are very powerful. It’s what makes people lie on places like CNBC about how they project the market to prevent investor panic, causes educational systems to expand exponentially due to the underlying belief that they’re effective, it changes how people perceive an underdog in sports and changes the inner workings of every individual.
Very Important: Reflexivity and Manipulation
The most powerful element of reflexive processes is that it can manipulate the world. Back in 1997 George Soros showed the first proof of this. He was loaned $10 Billion US dollars to invest heavily in Bank of England’s Pound. The value of the pound grew because of the money he continuously pumped into the currency. That drew demand of it because the price rose, and pulled in more outside investment. Then Soros shorted the Pound, and the value of the currency collapsed. George Soros broke the Bank of England, and when he did he forced England into jumping into joining the Euro. At any point, we can do exactly this for essentially anything. Just like Soros forced England into the Euro using money, by manipulating chains of activities through high leverage points we can create the effects for anything we want in society.
Want people to eat and use less fish to allow the populations to rise again? Use reflexive processes and force people to an alternative.
Want to raise the demand of carbon draw technology? Use reflexive processes and force people to an alternative.
Want to increase the number of crypto miners? Blow up the prices of crucial activities where miners can make enough money consistently (ahem ... already happened ... 2017-18).
I’m suggesting a grand idea. If it works it could save humanity from global warming and social collapse: Why don’t deliberately we use reflexive processes to bend all of society? Theoretically it sounds nice, however it’s missing something very important. A deep understanding of the SEP (social, economic, political) world, and a lack of knowing firm points of leverage to bring the changes we want. In my mind I nickname it the SEP Map - short for Social-Economic-Political Map. In real-life it’ll be highly mathematical, highly logical, and will give the planet a very firm understanding of the complexities of society. This is very much different compared to how social science, economics and politics currently work. SEP MAP Over periods of time, I intend to blog about how to create this map. It’ll be very difficult to do and might require us to create a new kind of science. One that is built on the backs of everything human society has created thus far. Blockchain and data science will be the center of it. Why Blockchain? It’s the only reasonable international coordination system on the planet that also provides incentives for various activities. It’s owned by no nation, and can be used for any form of value/data transfer and as a log for money. There's hardly any substitute. Why Data Science? This is a deep subject onto itself. Big Data provides us with a telescopic view of the social world, and it allows us to make predictions on it. In many ways, it’ll help us create the SEP Map we need. Right now data science is largely used to intrusively track people and make marketing decisions. In the future it’ll be used largely for this once the right incentive structures are put in place.
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