I’m a crypto investor. I’m not a trader, so I’m not looking for high volatility coins which I can jump into and back out of for short-term profits. I look for long-term projects which will increase in value at the lowest possible risk, those are what I try to invest in.
This is no easy task, but it’s one which I enjoy. Because I enjoy it and because it’s important to me, I put a lot of time and effort into tracking the crypto markets; not just price movements, but researching the fundamental aspects too. The term “a lot” is relative
Charles Hoskinson, a founder of IOHK, the firm that developed cryptocurrency Cardano (ADA), said that the cryptocurrency industry needs a “WiFi or Bluetooth moment” in an interview with media outlet Cheddar on March 28.
Speaking about the status of the cryptocurrency industry, Hoskinson said that it needs specific standards that will facilitate the development of more interoperability. Per Hoskinson, it will allow communication and information to be traded in an easier way among both digital currency and traditional financial institutions. Hoskinson argued:
“What we are seeing is a collection of standards being created [that] will inevitably converge over the next three to five years to create a situation where you can move information and value between all these different systems ー not just Bitcoin to Litecoin to Ethereum to Cardano ー but also your regular bank account.”
Decentralized financial contracts platform UMA has partnered with Decentralized Autonomous Organization (DAO) MakerDAO to release a token tied to the United Statesstock market, UMA announced in a blog post on March 27.
The ERC-20 token, dubbed USStocks, seeks to offer investors access to the U.S. stock market using cryptocurrency. Users can purchase the token using MakerDAO’s own USD-backed stablecoin, Dai (DAI).
Decentralized cryptocurrency exchange DDEX is currently the platform of choice for onboarding potential investors.
Recently, a report was produced by Bitwise Asset Management showing the existence of faked volumes in the bitcoin market – 95% of total volume according to its research. It’s hard to disagree with many of the facts in the report. Yet there are some items left out in this presentation to the SEC.
It’s hard to justify bitcoin is a mature asset and has a sophisticated market supporting it. And despite the fabricated volumes across crypto exchanges, this presentation makes a compelling argument there is maturity.
Russian billionaire Vladimir Potanin is planning to create cryptocurrency tokens backed by palladium, Bloomberg reported on March 27.
Potanin — who is CEO of the Russian nickel and palladium mining and smelting company MMC Norilsk Nickel PJSC (Nornickel) — plans to deploy cryptocurrency tokens for trading palladium through a Switzerland-based palladium fund, and wants to launch several digital platforms.
According to Bloomberg, the platform will enable more fluid transactions. Currently, should a buyer discover that they do not need all the contracted volume in a purchase, they must either renegotiate with the supplier or sit on the excess supply until they find a buyer. However, with a tokenized asset, they could ostensibly sell the excess volume to a third party more easily.
EDN releases technical paper, SDK & SDK document, and SDK sample codes to showcase their beta wallet.
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
We are consolidating just in the middle of the 2 lines, waiting to see what the master BTC will do. We should go test one the 2 lines quiet soon. We have clear support and resistance on the chart and it would be nice if we can go test the resistance line around 0.49$.
Theres something i have feared a lot when i bought STEEM couple months ago at $0.9. (I bought 1500 STEEM in total)
I was afraid that i was late. I was afraid that i missed the the biggest ATH crypto will ever see. I was afraid that i was too late to accumulate any significant sum of crypto. I was afraid that i would never be able to make whale friends and get votes.
But over time those opinions started changing. I started to pick up on nuances, the good sides and the bad sides of crypto. I figured out that i didnt have to make whale friends. I figured out how STEEM worked (even though i decided not to prostitute myself), i figured out the scammy crap exchanges are pulling off, i figured out how you can get your shitcoin listed by pulling someone off and with all that i managed to place myself somewhere i feel comfortable.
https://chairsinfo.com/wp-content/uploads/2017/04/Comfortable-Office-Chairs-Options.png
A place where i can grow slowly, accumulate, find opportunities to reinvest and i dont have to adjust my behavior to appease anyone. Something that most say is the privilege of large accounts. And sure, that is most definitely not the fastest way to grow, lol, but its my way.
My posts arent flooded with engagement nor am i pulling in hundreds of STEEM a week…. but ill say “Fuck” as much as i want and enjoy myself. haha
But for most part its working well. Im getting my few dollars a day. Sometimes ill do a task and get a big vote from Oracle-d, sometimes ill leave some feedback on a project, sometimes ill do some twitter crusading, sometimes ill get lucky with Steem Monster cards, ill get my biweekly payouts from the “dev company” im invested in, ill do some curation on STEEM or WHALESHARES. etc….. Theres bunch of stuff for me to do here, stuff i didnt realize until i stopped focusing on trying to be friends with people id probably never like in real life just to get ahead.
I realized that there was a false dichotomy present here.
Either kiss ass or be a selfish, self-centered asshole to earn anything here.
While those two things most definitely represent the “profit maximizing way”, they arent the only way.
Not until i stopped trying to “maximize my profits” in the way presented above did i start looking for more opportunities and finding them. Investing in stuff, starting to post on Whaleshares and getting to know folks there/here. (One of the best decisions i made so far) Sure, there are some shits on Whaleshares as well, but like its the case with smaller communities, the shits get flushed down the toilet pretty fast. haha
And there you have it. Sometimes i like to chronicle my thoughts. Put them to blockchain so one day in 5 years or a decade when im flying down the airway in my maglev Lambo, i can look back and say:
Hats off to the lucky ones, the crypto investors who bought <abbr title=”
Crypto <abbr title="
Mining is the process of repeatedly aggregating transactions, constructing a block and trying difference nonces until a nonce is found that satisfies the proof of work condition. If a miner gets lucky and produces a valid block, they are granted a certain number of coins as a reward as well as all of the transaction fees in the block, and all miners start trying to create a new block containing the hash of the newly generated block as their parent.
“>mining equipment manufacturer Bitmain has published an official blog post outlining the company’s decision to name a new CEO and what it plans to do with its initial public offering (IPO) application with the Hong Kong Stock Exchange (HKEX), which has recently expired. While Bitmain says the IPO listing process made the company “more transparent and standardized,” applying a second time could raise more questions about Bitmain’s future.
In November 2018, ETHNewscovered Bitmain’s chief executive restructuring when Nishant Sharma, the company’s international marketing manager, reported that co-founder and co-CEO Jihan Wu would reposition and continue on with the company as a director. More recently, in January, the South China Morning Postreported that two unnamed sources believed both Wu and cofounder and co-CEO Micree Zhan would be replaced with Haichao Wang, Bitmain’s director of product engineering.
Believe it or not, there are more ways to anticipate the future market value of bitcoin than through practicing technical analysis or by observing network activity developments.
While valuable in their own right, thanks to researchers Willy Woo and David Puell, several new experimental bitcoin valuation metrics were released in February that combine the two fields to create a more holistic view of bitcoin’s market.
Sample sizes are small in the cryptocurrency markets, with the oldest, bitcoin, having existed just 10 years, but two of the newly released metrics termed “Top Cap” and Delta Cap” have shown to be effective at identifying the tops and bottoms of bitcoin’s wild market cycles thus far.
Delta Cap Proposed by Puell, the metric that successfully caught both bear market bottoms in 2011 and 2015, and that is known as the Delta Cap, is calculated as follows:
Delta cap = Realized cap – Average cap
Average cap = “cumulative sum of daily market cap values / age of the market in days.” Realized cap = “UTXOs are aggregated and assigned a price based on the BTCUSD market price at the time when said UTXOs last moved”
Believe it or not, there are more ways to anticipate the future market value of bitcoin than through practicing technical analysis or by observing network activity developments.
While valuable in their own right,
thanks to researchers Willy Woo and David Puell, several new
experimental bitcoin valuation metrics were released in February that combine the two fields to create a more holistic view of bitcoin’s market.
Sample sizes are small in the
cryptocurrency markets, with the oldest, bitcoin, having existed just 10
years, but two of the newly released metrics termed “Top Cap” and Delta
Cap” have shown to be effective at identifying the tops and bottoms of
bitcoin’s wild market cycles thus far.
“Left to their own devices, computer scientists would recreate the Soviet Union.”
That line belongs to Preston McAfee, an economist whose job history includes senior positions at tech giants such as Microsoft, Google and Yahoo. As he explained to an audience at the SXSW conference in Austin, Texas, recently, it refers to software engineers’ tendency to favor centralization as the most efficient design principle for any computing system.
The point, he said, is that decentralized networks, such as those based on blockchain models, can often enable more positive overall social outcomes despite the relative inefficiency of their command-and-control architecture. It’s useful to contemplate this idea, and McAfee’s colorful metaphor, in relation to the current state of play on the Internet.
One of Arrington XRP Capital’s largest limited partners (LPs) has injected a fresh $30 million into the digital asset firm, according to its founder Michael Arrington.
“The reason is, like everyone, we didn’t do particularly great last year, but we did better than the market. And that was a win,” Arrington told CoinDesk. With the additional investment, Arrington says the fund has now surpassed its initial target of raising $100 million.
Cryptocurrency intelligence company Messari has claimed that Stellar (XLM) suffered an inflation bug in April 2017 that was exploited to create 2.25 billion XLM (worth about $10 million at the time), which were later burned. The news was revealed in a Messari report published on March 27.
Per the report, the illicitly created XLM — which was equivalent to nearly a quarter of the circulating supply — was moved o exchanges and likely sold during the first half of 2017. An equivalent quantity of XLM was purportedly burned to preserve the intended supply and avoid the dilution of the value of the tokens.
The research also notes that the involved addresses and related records are no longer accessible on Stellar Expert or other block explorers but can be found using the Horizon Application Programming Interface. Also, the company claims that seemingly no media reported on the bug, its exploitation and the consequent burn before Messari.
LYFE and Doogether present “How Healthtech Disrupt The World” in Jakarta, Indonesia from 6-10:30 PM.
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
Yesterday, we were testing the support line at 0.43$. This one held us and we are having a nice bounce helped by the UP of the BTC. The next objective is now again to go test the resistance line at 0.49$
Just a short post this time…. As some of you may know Coinbase bought Earn.com…
They are using Earn.com to give out crypto and spread awareness about crypto currencies that bribed them for a listing…(haha. sry i had to) You can basically complete the tasks in 2 minutes if you are already familiar with the project by skipping the videos.
I think in total you can earn 70$ if youre a US citizen and about 20$ if youre not.
Its basically free cash..
Just follow this link and click the wait-list for each token. You should get a callback inside one day..
Before i start this post i have to say that im fully aware that STEEM has its problems. Most of them stem from the fact that people are selfish, greedy and self-absorbed. I for one do not subscribe to the vapid ramblings of people that say:
People are acting selfishly because the incentives are broken!
The incentives could indeed be broken, but the reason people are acting shitty is because they are shitty people. There is no capitalism god come from heaven that can justify selfish, vindictive, self-absorbed, greedy behavior. And of course that kind of behavior hurts the distribution which leads to STEEM suffering, the community suffering and the price suffering. That is all well and fine…..
But lets put that behind us for one second. Thats our crap to deal with. Our dirty laundry.
Just because STEEM isnt perfect doesnt mean that it isnt a great place to be. I know that, you know that, but people out there dont know any of it… Because we focus our attention inwards. We focus on our own petty little shit. We dont reach out.. I mean sure.. We can have our fun. Laugh at the morons flagging and spamming each other, repeating the same discussions over and over again, we can share a drama token or two, talk about how we should all get along… All of that is lovely and great…
But while that is happening Justin Sun is on Twitter talking trash about Vitalik, saying how he will build him a monument once TRON surpasses ETH and getting millions of followers doing so. Spamming Twitter with bullshit stats containing TRON gambling game transaction spam and claiming “mass adoption”. You have privacy tokens at each others throats over which privacy token should be the next big thing (spoiler: none of them), You have BTC-BCH debates going on…. EOS hype plastered where ever you look….
And what are we doing? We are being mellow, shy, hugsy… We have been slapped around and disrespected so much that we forgot how to dish it out ourselves. When was the last time anyone wrote about STEEM in any publication?
Ill tell you… The time those hackers got banned from STEEMIT. Thats when you heard about this blockchain. When the opportunity came about to shit on STEEM. From the bastard Tone Vays to the spokeperson for Everpedia/EOS and crypto publications all shitting on STEEM, at this point im starting to feel like we are like the battered wife of blockchain that keeps quiet not to get hit again.
Nah, its time to nut the fuck up, or shut the fuck up.
Time to flip off the Dogecoin Darks, the Ethereum Classics, the Bitcoin Diamonds, the Lisks, the Bitcoin golds of the crypto sphere.
The only way to attract investors and users here during a bear market is by contrasting STEEM to what is out there!
CONTRAST!
By showing what we do better then all other projects..
Go flood Twitter FFS… Thats the least you can do. Reddit doesnt allow for that much of freedom.
Just wanted to point out a few things about the downward spiral Drug Wars is in. We all know by now that the game will die completely if there arent drastic changes to its economy. Finally that realization has hit many people. At this rate, it seems that aprox. every 2 days the reward pool reduces by $100. This will slow a bit but at this rate i give the game 3-4 weeks of life left in it..
That is due to the simple fact that in order for the reward pool to get filled up, you need players to spend STEEM, which is not happening due to the exponentially increasing upgrade price and the limited STEEM user base.
At one point it becomes a much better choice to roll another account then to spend on upgrades. Which most folks wont do since the reward pool is already drained.. The reward pool getting emptied could be slowed down if STEEM had a increasing number of users coming in to spend, which is not the case, not only with STEEM, but everywhere else as well.
If i were to simplify it even more: The guy that set up the economy on Drug Wars was an idiot. He is not an idiot for making a mistake, anyone can do that. He/she is an idiot for not doing anything about it weeks ago when the problem was pointed out. Making a mistake doesnt makes you an idiot. Being stubborn, rejecting advice, not doing anything about the problem when its pointed out to you does make you an idiot.
With this emptying of the reward pool happening, eventually Drug Wars reward pool will reach sub $50 daily reward pool and stabilize somewhere around there for some time. But it will inevitably hit $0 or be shut down by the devs. If they figure out the economy, and change absolutely everything, that ofc wont happen.
But still, changing everything would require them to let the reward pool drain by itself so the community wouldnt be mad about their STEEM being stolen. When the reward pool is empty, only then can they revamp everything.
Do i have big hopes that the game will survive after that time? No. Do i think the game will ever be as big as it was? No. Do i think theres a chance for them to fix this? Yes. But then again, theres a chance ill win the lottery on Wednesday. hehe.
Still, Im one of those guys that like to give folks a benefit of the doubt. From what ive seen of the Drug Wars team they really seem to be trying lately. Dont get me wrong, i think they are dumb as a bag of rocks and completely incompetent but i still believe they are trying and if given enough time they might be able to come up with something.
Some would say Ned and the Steemit.inc team are incompetent as well. But youre getting MIRA, arent you. 😉
Anyways… What i wanted to say is:
If everything remains exactly the same, and you want to get back as much money as you can, PUT IT ALL IN HEIST. The upgrades are exponentially more expensive and players just wont be buying them, which means you shouldnt either.
Or, you can trust Drug Wars team to come up with something that will stop the reward pool from draining, and will make your investment in upgrades more beneficial. Its up to you.
Ill see you around and keep smart… when youre Steeming. 😉
Hats off to the lucky ones, the crypto investors who bought <abbr title="
A type of cryptocurrency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. This term may also be used to reference either the network, protocol, or actual cryptocurrency.
“>bitcoin before market prices began to slide in January 2018. Many did nicely, converted some of their holdings to <abbr title="
Government approved currency (dollars, euros, etc.) that isn’t backed by a physical commodity (gold or another commodity).
“>fiat, and retained a sizable pile as a long-term bet.
Now what? How about earning an attractive interest rate on a small portion of those holdings by converting it into fiat and lending it out on a short-term basis to crypto holders who are underwater? Sure, there’d be taxes to pay on what is technically a securities <abbr title="
A transaction is a particular action that takes place on the blockchain. In a currency, the dominant transaction type is sending currency units or tokens to someone else; in other systems actions like registering domain names, making and fulfilling trade offers and activating contracts are also valid transaction types.
“>transaction. But what if the interest received is lucrative enough to put that concern aside?
There are a number of crypto lending sites that stand ready to help. Most of those we reviewed charge borrowers interest in the 12-to-22 percent range. The implication is that the borrower is better off with them than a credit card cash advance, which could cost 25 percent or more on an annualized basis. The pitch may also appeal to an individual lender who disdains short-term crypto trading and believes their digital assets will pay off over a long-term investment horizon.
Singapore government-backed blockchain accelerator Tribe has gained BMW and Intel as two major strategic partners, local English-language technology news outlet Tech In Asia reported on March 22.
Tribe, which began operations late last year, is the brainchild of Tri5 Ventures, a venture capital firm aiming to support later-stage startups.
Existing partners of the scheme include PwC and South Korean blockchain network Icon Foundation.
Jesse Edwards, one of the co-founders of R3, has left the enterprise blockchain company, CoinDesk has learned.
Edwards, a former Sandler O’Neill investment banker, helped found R3 back in 2014 with CEO David Rutter and ex–Standard Chartered executive Todd McDonald.
In a statement provided by R3 to CoinDesk, Edwards said:
“It’s true that my work here is done and it is time to move on. This has been one of the best experiences of my professional career, and I am incredibly privileged to have worked alongside such a talented and passionate team in building this business. R3 has broken away as the market leader and standout partner of choice for professionals looking to apply this technology to their industries. I couldn’t be prouder.”
In the good old days when bitcoin was the only “cryptocurrency” around, life was much simpler. Then, a few other “currencies” came along, followed by ICOs and things rapidly got much more complex.
Somewhere along the line, folks started paying as much or more attention to the technology underlying bitcoin as to bitcoin itself. Distributed ledger technology (DLT) or the “blockchain” suddenly became household words (well, with slight exaggeration…).
In the roaring months of 2017, crypto pundits, analysts and funds developed various taxonomies of the rapidly diversifying crypto space: exchange tokens, utility tokens, payment tokens, asset-backed tokens, etc. (My personal favorite was Tetras Capital’s, but there were many.)
On March 23, the Twitter handle @Bitcoin became mired in controversy after BTC supporters complained about the account and attempted to get the profile shut down. The operator of the Bitcoin Twitter profile has also accused the social media platform of manipulating matters by placing restrictions on the account and limiting its overall traffic.
The owner of the Twitter handle @Bitcoin believes the account is being restricted for being critical toward the Bitcoin Core (BTC) network and the Lightning Network (LN). Over the last few weeks, several BTC supporters have advocated having the account suspended or reassigned to a group of core developers.
“We are delighted to announce that the Incorporations Marketplace will launch on the 25th of March”
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
Today, we saw the start of a nice UP on the STEEM, we even broke the resistance line during some hours but unfortunately, the BTC starts to drop and it stopped this nice move. We are now back just under the resistance line and the market is waiting to see in which direction the BTC will go.
Switzerland’s Federal Assembly, the federal legislature of the Swiss parliament, approved a motion on March 20 instructing the Swiss Federal Council, which serves as the country’s collective executive head of government, to begin adjusting existing legislation to apply to <abbr title="
A digital store of monetary value the primary use of which is for buying and selling goods, services, or property, such as Ether or bitcoin. Cryptocurrencies are cryptographically secured against counterfeit and often are not issued or controlled by any centralized authority.
“>cryptocurrency regulation. According to the press release, the Federal Council will now be responsible for “adapt[ing] the provisions on procedural instruments of the judicial and administrative authorities so that they can also be applied to cryptocurrencies.”
Introduced by assemblyman Giovanni Merlini, the approved motion is meant to help the Swiss government “close gaps in protection against abuse” of cryptocurrencies, which Merlini says favors “extortion and money laundering.” Specifically, Merlini hopes that, by adapting the existing laws, a clarification will be made regarding cryptocurrency trading platforms and whether they should be subject to regulation by the Financial Market Supervisory Authority (FINMA), Switzerland’s financial regulator.
Ethereum (ETH) co-founder Vitalik Buterin says that high ether prices are important both for network security and the wider ecosystem’s development. Buterin made his remarks during an interview for Laura Shin’s crypto-focused “Unchained,” hosted at the Columbia Graduate School of Journalism and live-streamed on March 20.
In response to Shin’s question as to whether protocol designers and project leaders should be focusing on the question of a cryptocurrency’s price, Buterin referred to the “earlier rhetoric” of the Ethereum project, which had explicitly downplayed the importance of the asset’s value:
“In part, it was counter-signaling to distinguish ourselves [Ethereum] from other crypto projects that do pumping and lambo-ing way too much. But it was also about minimizing legal risk by basically trying to make the project seem more distant from something that would be covered by financial regulation.”
Bitmain is planning to deploy 200,000 units of its own mining equipment in China to take advantage of cheap hydroelectric power this summer.
The equipment is conservatively estimated to cost $80 million, but it may be more profitable right now for Bitmain to mine crypto itself than try to sell all this inventory.
The move signals a broader shift in the market, with miners preparing to invest again following last year’s contraction in capacity.
Americanprediction market startup and hedge fund Numerai (NMR) has raised $11 million in an initial coin offering (ICO) to launch its project Erasure, Numerai tweeted on March 21.
Introduced in late 2016, Numeraire network provides a blockchain and cryptographic token-based ecosystem for incentivizing anonymous data scientists to create predictive models. Based on the Ethereum (ETH) blockchain, Numeraire tokens are used in trading market predictions on the startup’s platform.
Numerai founder Richard Craib said that the funds from the recent ICO will be mostly spent on hiring engineers for Erasure, the decentralized unit of Numerai’s marketplace, Coindesk reports.
The race to file blockchain patents has accelerated lately with one specific firm, Nchain Holdings, attempting to capture hundreds of distributed ledger-related patents. According to reports, self-proclaimed Satoshi – Craig Wright – and his Nchain business claim to have filed 666 patent applications to date, capturing a gigantic portfolio of intellectual property.
The notorious Craig Wright, a man who claims to be Satoshi Nakamoto, is continuing his effort to obtain hundreds of cryptocurrency and blockchain-related patents. Wright is the chief scientist of Nchain but is best known for his attempts to prove he created Bitcoin over a decade ago.
“DDX/BTC trading pairs will be available at 16:00 on March 22nd, 2019(UTC+8).”
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
The BTC did a correction today and unfortunatly, the STEEM followed the master. The support line around 0.49$ didn’t hold us. We have now to see if we will go back test again that resistance line at 0.49$ or if the break will be confirmed and that we will go now in the direction of the next support line around 0.43$.
An Indian crypto exchange has launched a program that allows its users to earn interest on their cryptocurrencies held at the exchange. Initially, users can lend BTC, USDT, BNB, XRP, and ETH. The CEO of the exchange has shared details about this new offering with news.Bitcoin.com.
The CEO explained that his exchange has an internal settlement and liquidation mechanism for margin trading which does not have “a dedicated funding wallet,” elaborating:
“Funds are then lent to the users only when the margin trade is open, with no withdrawal access and hard liquidation with 7.5% maintenance margin.”
Facebook’s blockchain recruitment drive continues, as the social network looks to hire a lead commercial counsel for its initiatives with the technology.
A new job posting at the company’s career page says the position will be responsible for “drafting and negotiating a wide variety of contracts related our blockchain initiatives, including partnerships needed to launch new products and expand such products internationally.”
United States-based payment platform Square is hiring cryptocurrency engineers and is offering to pay them in digital currency, according to a tweet published by Twitter and Square CEO Jack Dorsey on March 20.
In the tweet, Dorsey announces that “Square is hiring 3–4 crypto engineers and one designer to work full-time on open source contributions to the Bitcoin/crypto ecosystem. Work from anywhere, report directly to me, and we can even pay you in Bitcoin!”
Dorsey further commented that the decision to pay employees in digital currency is based on the intention “to make the broader crypto ecosystem better,” thus contributing to the Bitcoin (BTC) community.
The multimillion-dollar blockchain Tezos has officially concluded its first round of voting for two competing system-wide upgrade proposals.
Having raised a record fundraising amount of $232 million in an initial coin offering (ICO) in 2017, the Tezos blockchain officially launched last September. It was valued at over $1 billion at the time and presently sits at roughly $360 million in market capitalization, according to CoinMarketCap.
Not without its fair share of internal governance conflicts, today marks the official close of the first round of voting on the Tezos blockchain. The two proposals dubbed ‘Athens A’ and ‘Athens B’ are the first of its kind to undergo Tezos’ protocol amendment procedures, designed to roll out system-wide upgrades otherwise known as hard forks in an entirely automated and self-governing fashion.
At least one scammer is reportedly gaming other users on the blockchain-powered event betting platform Augur by creating deliberately invalid markets, according to a Reddit thread published on March 20.
Created by the non-profit Forecast Foundation, Augur is an Ethereum (ETH) mainnet-based predictions platform, which launched in July 2018. The platform allows users to stake tokens to bet on predictions of the outcome of a given event.
The reported scam entails a bad actor creating a predictions market that contains subtle contradictions or inconsistencies in its wording, which will ultimately lead to the market being declared invalid, and all staked funds thus being distributed evenly between betters.
David Gerard, author of the crypto- and blockchain-skeptic book, “Attack of the 50 Foot Blockchain,” has tweeted his sardonic response to news of the alleged scam, writing:
“Augur users shocked, shocked to discover that statements in words may have exploitable ambiguities when computerised, and that this opens their system to SCAMMERS!”
“ICONLOOP is proud to take part in the ‘#AWS Partner Summit Seoul 2019’!”
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
We finally broke the resistance line today after several tries the last days and even weeks. We have now to see if that break will be confirm. We could see a pull back on the same line before a UP continuation. What is important to see now is that this line acts as a support and trigger a bounce if we touch it.
