BITCOIN TRADING 2019 40+ ideas in 2020 bitcoin ...

BINANCE: A DRIVER FOR BLOCKCHAIN AND CRYPTO-CURRENCY ADOPTION

  1. Introduction Binance is an exchange company formed in 2017. If one may ask, is Binance just an exchange or a progressive crypto exchange? My answer is that Binance is not just a crypto exchange company but an 'engine' that drives crypto-currency adoption. How? My readers may ask. My answers will first start with a simple analogy of what is adoption.
Adoption is a process whereby a person assumes the parenting of another, (usually a child, from that person's biological or legal parent or parents,) and in so doing, permanently transfers all rights and responsibilities, along with filiation, from the biological parent or parents (Wikipedia,2018). In the sense of crypto-currency it is a process whereby a person assumes the parenting of another ( new idea or way or thing) and in so doing permanently transfers all rights and responsibility that belong to the old or normal way to the new way. Driving in the other hand is knowing how to operate the mechanisms which control the system (vehicle); it requires knowing how to apply the rules of the road (which ensures safe and efficient sharing with other users). An effective driver also has an intuitive understanding of the basics of system (vehicle ) handling and can drive responsibly (Jacob,2018). A driver may be a person, company, a system or device that knows the mechanism which control a system and the driver must formulate or know the rules and the basics of directing the system to its target. A device driver for instance is a system (computer program) that operates or controls a particular type of device (EMC,2010). In our case we are looking at crypto-adoption driver, a person or company that knows the mechanism which can be used to make greater number of people to transfer permanently the rights and responsibility of fiat money to blockchain currency (Crypto-currency).
A clear case of driving adoption can be easily seen in Football which have been in existence long ago, but FIFA devices a way to entice all nation to participate and develop football infrastructure in there countries by moving Football tournament hosting around different regions and other things they did to make the sports to be popular (adopted) all over the regions of the world.
Similarly, crypto-currency have been there before Binance started, crypto-exchanges have been there before the advent of Binance but what Binance did and what they did not do helped in replicating adoption across all the regions of the globe. The only challenge here is whether these position can be substantiated?
  1. The Authors experience My name is Bartholomew Eke (PhD), a Software Engineer and Senior Lecturer at the University of Port Harcourt, Nigeria, Africa. I developed interest on cryptocurrency in 2010 after reading Nakamoto published paper Bitcoin: A Peer-to-Peer electronic cash system (Satoshi,2008) which I saw as a research on cryptography protection of online payments. I didn't well understood it until on Febuary 2014 on hearing that Mt. Gox the largest Bitcoin exchange tend, had gone bankcrupt and had made away with depositors 'Coins'. The word coins attracted my interest, I wondererd why they should be keeping the Coins instead of the notes, but I latter learnt it was not Coins but Bitcoins. Before that time Satoshis's Bitcoin was simply viewed by me as a research exercise aimed at improving crryptography which I had many programs on. The research on tracking of Mt. Gox Bitcoin in the publication of Sarah et. al (2016) increased my interest in Crypto-currency and exchanges research. The research is still ungoing though I have published some of my findings but one of my crushial discovery is that Binance is not just a cryptocurrency exchange but a driver of cryptocurrency and blockchain adoption. I am one of the few people trading in crypto exchanges as part of my research project so it often does not matter whether I gained a trade or lost provided I made my findings. I have used more than 15 exchanges only on experimental bases some of which include Coinbase, Blockchain, Kraken, Bitrrex, Tradesatoshi, Binance, Kucoin, Bit-Z, Cryptopia, Luno, Abucoin and Cryptagio just to mention a few. My criteria of registering include Low volume, High Volume, Low fee, High Fee, difficulty of registration, exchange incentive, exchange policy, cardinal goal of exchange, Fiat or non-fiat, age of exchange and other criteria which I will still publish in my future paper. I have lost and gained crypto in the process of the research but I saw some things that Binance does differently which may or may not have contributed to surge in users interest.
  2. Binance Key Drivers In discussing the story of a young exchange called Binance there are some findings worth mentioning and they include: i) Segregation (Discrimination) : In all the money transfer companies and exchanges I have studied before the advent of Binance there is serious segregation among its customers. In some exchanges this differentiation is very scaring but in Binance it is very minimal, unnoticeable and almost non existent. I will use three experiences to explain, in Coinbase my country (Nigeria) can not trade but they can deposit and withdraw crypto, so why allow them to register only to segregate. Most exchanges, majority of users do not withraw more than 1BTC per day but exchanges group them into three level of users which have different withdrawal limits ( which is very OK for some reasons) but many exchanges go further to place trade restrictions based on this segregations. For instance Cryptopia do not allow you to trade USDT or its equivalent if you are not in certain levels. Bit-z will not allow you to participate in some trading competition or even get airdrops if you are not in some category of user. There are more instances but you will not experience any difference as a user until you want to withdraw above certain limits in Binance. Binance operates little or no discrimination allowing 'Private Crypto' users to remain in level 1 and operate freely provided they withraw smaller amounts. There are many world micro scale and unbanked users who can not afford to get any valid government ID for level 3 registration- Binance is were they fill welcomed. I spent some months as level 1 client and now am in level 2 but my withrawal is hardly upto one BTC a day so I feel no difference but that's not true with many exchanges. ii) Incentives: The unprecidented incentives that Binance offer can make some body with zero dollar to be a marchant with Binance. In November 2017, I told my research students who do not have funds to complete their research work, to register in Binance and generate money to finish their research; they did and are about to graduate. Binance empowered them, they simply registered, got some Airdrops from some new crypto companies, sold and traded with the money and where given trading bonuses and they sold the coins and paid for there research costs via Binance. Their trading incentive vary so much that all kinds of traders benefit, to be more concrete Ontology had a condition of trading 0.5BTC over a week. Using $100 a trader can easily trade five times a day which is $1000 buy-sell volume, in five days that is $5000 volume above 0.5BTC at that time and they gave 1000 ONT which was worth (at some time) $10000, what else is incentive or empowerment. No one can deny these facts. Some new exchanges have copied these model which is great for cryptocurrency adoption. All young school leavers in my area are into Airdrop due to this model introduced by Binance. iii) Low trading Fee : Binance is a cryptocurrency which is accepted for transaction in my local domain thanks to the exchange, for the past six months IT training centers in my locality accept and use Binance as payment for IT training. Trading fee is half when the coin is used to pay for fees but due to its relative stability Binance have found usage in other payments. Beginners can easily learn trading at reduced cost due to low fees. Majority of crypto traders in Binance are startup traders who are learning fast due to trading incentives. iv) High Volume: One of the Support team in Abucoin said that people go to Binance because of there high trading volumes, many people still have the same opinion. But as an academics I know that at a time Binance traded less than 1BTC during their starting stage either as one second or one minute trade volume, they did not start the first second of opening trade with large volumes. BTC only have less than 40% of all Crypto (Coinmarketcap,2018) and Binance introduce good altcoins which was followed by volumes. I was told when Binance started by a forum friend that an exchange that does not offer fiat currency will not attract traders but I differed, insisting that a trader will always prefer to make money in 'Aghanistan and spend it in Paris'. If a trader can ingage in quality trade in an exchange he will only go to the next exchange for cash-out. Cashing out is not always a problem once there is another exchange that is ready to exchange even a single crypto like Bitcoin or even TUSD or USDT. v) Honesty: Binance is an honest exchange, they promise they will distribute prices for trade in a given time you will get it before the time or right at the time they promised. Some exchanges do not add crypto handling delays when they make promise only to discover that a transfer may take 30 seconds today and 3 days the next hour. Binance will tell you two weeks after trading competition the coins will be distributed, they do not usually mean it. What they actually said is that "in two days time after context we will send the winners there coins and the coins can take at most 10 days to reach". In most cases the coins reach in seconds instead of the added days they promised. Cryptocurrency is scary and new users are afraid of dealing with faceless customer service personnels, emails and text messages. What they always want is "your coin is confirming 1/30 confirmations"; they can go to sleep believing that in 5days the coin will be their own. Binance delivers on promises. When they found abnormality that will make customers loss they will raise alarm. For instance during Bytecoin surden price spike in early May 2018 they warned customers to trade with cursion explaining that coin deposit problem may have caused price abnormality-honesty. They constantly remind you to trade with their Binance coin for low fee even when they know that your failure to do that results to higher fees and more gain to the company but they prefer to honestly warn customers. v) Selection of Promising Alt Coins: I am a lecturer in Africa and have never worked with any crypto company but I have traded more than 15 coins in Binance (the evidence is the piece of coin left) but the coins are promising. The coin that is usually at the bottom of the Binance volume is Via Coin which is still a good coin (from my accessment). Most of the coins listed in the exchange easily move up creating great choice and selection space for traders. When crypto exchange grow, users grow and trading space need to grow, Binance is master in that strategy. If a company produces a fake coin or even a 'good coin' with bad road map they will not even approach Binance for listing for two reasons- fear of not spending their money since they do not have plans to make more money from long term plan, fear that there listing request will be rejected. The choice of coins cut across prices and different rating in Coinmarketcap; Binance does not wait for a coin to be in the first 100 before listing them rather if they believe the coin is promising they select the coin. vi) Recognition of developer community Any IT company today that do not take care of its developers or technical teams well will loose them to other cryptocurrency companies and there are many of them coming up. Exchanges seem to believe that there job is to deal on other peoples products but Binance has shown that the best we to understand the crypto world is by been one with it. Binance is not just an exchange, it is a cryptocurrency, a blockchain technology and security and software development organization. This is correct but that can not be said of many exchanges except those copying Binance model. Surprisingly those exchanges copying Binance are also getting visible result. vii) Efficiency and Speed of Site and Trading App. There are things that the Western countries take for granted- power availability and very high speed internet connectivity. Readers of this story from advanced nations should jump to the next point. But the rest of the world have little power which is not even available always and internet cost are high and speed are extremely low. Even when the provider have technology to provide high speed users prefer to have their data last for one full month than to see it finished due to high speed usage. Some times provider intentionally slow down speed to avoid customers outcry of quick finishing data. This calls for exchanges to carry majority of users along in developing there trading platforms. The faster the better and Binance is acting and continues to work on this. viii) Security This is closely related to technology since internally trading apps needed to be upgraded to remain ahead of hackers, crakers and phishing organisations. Early in the year 2018 Binance had a phishing attack, we could easily imagine the state of the cryptocurrency exchange now is they had suceeded. But the phishers could not still coins even when they have broken in, this increased users confidence in the exchange and draw more new clients. The new features added to the exchange have even made email phishing extremely difficult to phishers. There are other security features added which users can sence but are hidden to public discussion. ix) Rich Binance is a rich company, rich in their attitude to the world community, rich in income generation, rich in the way they give to start up companies even when they are also start up themselves, rich in their logo and rich in communicating with customers. Rich in innovative ideas. Binance is rich. Poverty repels, so Binance will keep attracting every body to itself. x) Binance is blessed with an experienced and humble CEO When a company has an experienced leader the multiplier effect is seeing on the rest of the staff. Innovative staff will have little headache in getting their ideas approved. An arrogant leader is a liability to a company and make the company to keep regreting its actions. The leader is planning to go to Malta but he is still insisting that it is just a branch of Binance making the current host the consider its stands on tough regulation.
  3. Binance Road Pot Holes A driver must be careful about pot holes else his good car may tumble. Binance no dought now is really a cryptocurrency innovation adoption driver and must watch out for the following. i) Rise of Communities around cryptos Communities grow a company and communities make companies to go down. If all traders pull out from Binance the company will be history. When Bitcoin started, there was one cryptocurrency community, one group of Bitcoin developers, one Bitcoin enthusiast, but today that is far from the reality. We now have many Bitcoin communities (BTC, BCH, BTCP, BTG etc) and many altcoin communities. Passion have started to roll in these communities and support is continously solicited and soon tougher competitions will ensure the coin to list need to be voted for and a new way for paying for coin listing should be deviced using Binance Coin to vote. ii) Ico Support Binance supports ICOs but for more than three months there LaunchPad on their website have being showing Bread and Gifto, this is very bad. When not launching a coin the LaunchPad need to be empty and when new coin are not coming to the Binance LaunchPad the LaunchPad should go to new coins. Binance community can vote to select the next coin that will go into the LaunchPad. If it required payment then they can use their binance coin to vote and get rewarded by the new coin in a form of shared bounty or airdrop. iii) Strong Community We have discussed the rise of communities, binance is lacking on strong community (a group that have strong passion for Binance as an Exchange, a Cryptocurrency and as a Technology). A community driven by volunteers and not by Binance employee, a community that will work for the passion and not for duty. I see three Binance and the group must be very passionate about the three. This may not be group of Binance Traders - no they are too busy and have no coin or exchange friend. Binance may be working towards this direction in the Binance Angels project but wisdom must be used to get the correct arrow head of the community and to actually let go of the person to freely handle the community. If the staff want to lord it on the community followership will be for duty not for the passion. iv) Binance Bounties Binance have so many trading bounties won after the competitions. This is good but part of this bounties need to be used to bring in more new users who will register and a buy Binance and smaller amount for new members without any conditions. The trade competitions the way most of them are ends up in the hands of already suceessful members who can trade once a day and win the competition due to there financial musle. These group of big traders are highly desirable and will continue to remain in the first to third places. But future members need to be attracted with the little tokens falling out from every bounty. v) Need for Binance_Inc Exchange Binance is so big and will get bigger. Binance need to have another cryptocurrency exchange, but instead of just an exchange Binance should have an incubator exchange. 'Division Two exchange' this exchange will be low volume and should serve as a source for listing in the main exchange. If a coin is performing with high volume it can be moved to the main exchange. In a crypto in the main exchange is not performing in they can be moved back to the incubator exchange. In this way Binance will remain the technology and develop in other areas.
  4. Binance as an Innovative Crypto-currency Adoption Driver It has been said that adoption is the original dependent variable in innovation research and the desirable property of innovative systems which change agents seek to enhance. "Innovation" on the other hand is any change in structure, design, products, or processes in which there is a definable new element introduced into the system; the process is essentially the same for all technologies including blockchain technologies. In innovative space the characteristics of people or organizations are associated with higher levels of adoption and the company that makes the adoption to happen faster is very innovative. The voiced or unvoiced assumption underlying the examination of correlates of innovativeness is causal: If we manipulate the characteristics of organizations or individuals so that they more closely resemble those of the highly innovative, we will make the organizations or individuals themselves more innovative (Eveland, 1979)
Conclusion It is very easy to conclude this article by saying that since Binance was able to make more people to adopt cryptocurrency in a fast manner that they are not only drivers of cryptocurrency adoption but they are Innovative. Ask of an innovative cryptocurrency exchange the response should be Binance, when they move others copy so without the statistics of their trade volumes one can easily see that they are truely the leaders that the crypto exchange space have today.
References Eveland J. D. (1979) Issues in Using the Concept of "Adoption of Innovations", Journal of Technology Transfer, 4(1) 1-13, Retrieved 2018 from jdeveland.com/papers%20for%20Website/adoption.htm
EMC Education Services (2010). Information Storage and Management: Storing, Managing, and Protecting Digital Information. John Wiley & Sons
Nakamoto S. (2009) Bitcoin: A Peer-to-Peer Electronic Cash System, Retrieved 30 May, 2018.
Sarah M., Marjori P., Grant J., Kirill L., Damon M., Geoffrey M. V., and Stefan S.,(2016) A Fistful of Bitcoins: Characterizing Payments among Men with No Names, Communications of the ACM, 59(4), 86-93,USA.
Jacob M. Appel (2018); "Must Physicians Report Impaired Driving? Rethinking a Duty on a Collision Course with Itself"; Journal of Clinical Ethics (volume 20, number 2).
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Humans help the Andalites... Again. Ch.1

The war against the Yeerks was over, both the Andalites and Humans races enjoyed a time of blossoming peace, trade, and prosperity. The Humans faired well in the aftermath of the war, Earth being spared mass commitment or damage, and little loss of life. The Andalites were advanced, but weakened, from the long war against the now defeated and subjugated parasitic slug-like race of Yeerks. The part deer, part scorpion, part human looking Andalite race was slowly recovering from the war and wearily exploring new opportunities for trade with its new "friend", the Humans.
The Andalites are a powerful race, with some of the best technology in their explored corner of the galaxy. A warrior species at heart, Andalites are well developed for combat, with 4 eyes, 2 of those eyes on bendable stalks, 4 strong legs, a deadly fast tail with a scorpion blade, and a bright mind. Though fairly gentle hearted by nature, the Andalite's 100 million or so members nonetheless appreciate the role of the warrior more than almost anything, other than maybe family, being that they live in close knitted groups in their outdoor homes called "scoops".
The Andalites were fairly proud race, and some may call them arrogant about their abilities, technology and their species. They did not think all that much of the Human race and what they could bring to the table, and were naturally suspicious due to the Yeerks betrayal of the Andalites in the past. The Humans, however, proved themselves to be very able at waging war, with a paltry 5 human teenagers and 1 Andalites cadet managing to topple the powerful Yeerk empire with well-timed guerrilla attacks and smart thinking, combined with illegally gifted Andalite morphing technology from the war-price Andalite hero Elfangor.
The Human race lost approximately 90,000 souls from the Yeerk infiltration of Earth. The slug-like Yeerks, who takes over their host's brains and bodies, can perfectly mimic a person and use their memories and brains to help them do so. Thousands of people were killed by their controlling Yeerks who rathered go out fighting then be starved to death from lack of their precious Kandrona rays generators. While few Humans were killed during the actual "war", there were some deaths from the Animorphs guerrilla fighters vs infested humans and free Human vs Yeerk forces. Tens of thousands of civilians were also killed during suicidal bombing attacks on Yeerk infestation centers by the small teenaged Human guerrilla force and their Andalite companion.
The Humans proved themselves to be tenacious, determined, adaptive, quick learning, and good in a fight. Surprising everyone, the Human race managed to beat back an invasion from a species most Humans had no idea existed. Humans did not just beat back the invasion, they managed to take over a pool ship, and transferred its command codes to the Andalite, allowing them to snap up a major yeerk fleet and the Yeerks top ranking general. With the Yeerk high command in turmoil, their top generals all dead or captured due to Humans, and in some cases civil-war between other yeerks, the Andalites were able to use the stolen Yeerk command data and a promise of morphing out of their bodies to subdue the Yeerks and blockade their homeworlds.
Humans were new to the galactic scene, but already were making waves, Human body morph permissions and foodcourt establishments on the Andalite homeworld promised Humans a big bargaining chip in trade with the Andalites. The Andalites did not have mouths themselves but could morph to human to experience taste, and it was becoming a booming trade, helping secure technology transfer deals to the Humans benefit. The technology transfers were coming somewhat slowly, but, Humans were already making giant leaps and their first faster than light spaceship was already under construction. Humans also reversed engineered some captured yeerk technology, circumventing the Andalites refusal to trade weapons tech.
The Andilites were somewhat wary of the Humans, while most Andalite civilians loved that Humans and Andalite cooperate well together and wanted good relations, Andalite command was less warm to the upstart and primitive race of humans. Andalites viewed human technology to be laughable, with every piece of human tech shocking Andalites with how old school it is, how dangerous it is, or how Humans even managed to get that far yet. Andalites high command viewed Humans as unpredictable, self-serving, primitive, and very weak looking creatures. Humans only had 2 legs, and 2 eyes, and looked as if they could barely stand up, lacking any tail! Humans were helplessly weak and had no real advantage to their bodies, the only reason yereks even wanted Humans was that they were too weak to resist, had fairly good senses and hands to handles technology, and had a supermassive 6 billion hosts bodies available. The one thing Andalite command hated the most about Humans, however, was that they could be competition.
Humans, as stated before, are in a laughably primitive state compared to Andalites or any other spare fairing civilization, such as the Skirt-Naa or the Leer. Most Andalites would be surprised to learn that a Human even knew about black holes. Most Andalite would be surprised that Humans invented books before the computer, as if the idea of powerless instantly accessible data was simple to think of. Most Andalites would be surprised to learn that Humans went from their first flight, to their moon, in just 60 years, 3 times faster than the Andalites. And most Andalites would be a bit nervous, more so than surprised, to find out that Humans went from having a man walk on their moon to discovering and inventing a Zero-space faster than light communication device in 50 years, right around the middle of the invasion of Earth by the yeerks.
The Human race works well with Andalites, both feeling a kindred with one another easily. Even before the invasion of Earth, a pair of teenage Humans would frequently surprise the to-be War price Elfangor when he was a cadet. Elfangor would be constantly surprised at how the soft, weak, and unsteady looking human body could take an amazing amount of punishment and still recover. and could be surprisingly strong and capable with their powerful and well-adapted arms and hands. Even the Humans unstable-looking 2 legs could be rather effective in giving the Human mobility in terms of running, jumping, and dodging. The young Elfangor found that both of his Human charges, kidnapped from their home planet, were rather determined. In fact, both of them had a key part to play in setting the stage for the eventual invasion of Earth. One for good, and one for evil. Truth be told, chances are the yeerks would have come either way, but, even 2 Human teenagers can have a huge impact on the galaxy many years down the road.
Peace now reigned, but it was to be short-lived, the Kelbrid bordered Andalite space, and may have killed an Andalite prince and former Animorph. Prince Aximilli, Elfangors younger brother, had survived the war on earth as a cadet and sole Andalite on the Animorphs team, and sole Andalite on earth, in general, most of the time. As a new prince and war hero, "Ax" was given the task of hunting down a rouge Yeerk force in a powerful "blade-ship" class cruiser. Ax's Andalites cruiser broke a treaty to stay out of each others space that was brokered with the Kelbrid, and after entering Kelbrid space Ax's cruiser was inspecting a craft it found via boarding party when the ship opened fire on Ax's vessel. Ax's ship had no choice but to run, and was subject to further attack, with only 1 survivor saved to tell the tale of Ax's capture on the strange ship they encountered during the search for the Blade ship.
The Andalite could not risk a war by entering Keldbrid space, even though they knew their hero was likely captured on a potentially Kelbrid ship. With 1 primary Animorph in addition to all the handicapped child auxiliary Animorphs killed, due to various suicide attacks at the end of the Yeerk war, 3 out of the 4 remaining Animorphs go on a mission to save their friend Ax, and all of them, the 3 rescuers and Ax, are killed in a suicide attack by the would-be rescuers, after learning their friend Ax was twisted into an abomination of a new sort, and that they were outclassed and under-prepared. The last known transmission from the Animorphs leader on the rescue mission was, "Ram the blade ship." There is only one confirmed Animorph left alive from the over 20 prime and auxiliary Animorphs during the war with the Yeerks, the intuitive tree hugger, Cassie. All known Animorph deaths have occurred due to suicide attacks, with the exception of one, and the possible exception of a second, (depending on if a suicide wish was granted to ease an evil traitor Animorphs pain of being stuck in rat morph to his arch-rival Animorphs who hovered on the edge of good and going too far down the path of becoming a monster herself. Nobody knows if she granted his death wish.)
With all known Animorphs dead, save for 1, and the Andalite war prince Ax believed dead, tensions rise in the command rooms for both Andalites and Humans, especially for the Andalites, who territorial space bordered the Kelbrid. The mission to rescue Aximilli lost Humanity its best heroes, and the Andalites lost their greatest war hero for good this time, the little brother of war-prince Elfangor was dead, as was almost the entire Animorphs team. Even Arborn, a fellow cadet and friend of Elfangor who was trapped in Taxxon morph, was dead, shot by a poacher on earth, after the war with the Yeerks ended. All the heroes who beat back the Yeerk invastion of the galaxy, with the exception of the tree hugger Cassie, were now dead, and not even the powerful time warping Ellimist would be able to bring them back this time, not being allowed in his comic game of chess to do them any other favors. The Andalites now had to worry about the fallout of the incursions into Kelbrid space, and both races would have to explain their Heros mysterious disappearances to its people using lies and tall tales.
As the Andalites desperately tried to predict what the Keldbrid race would do next, Humans continued to advance into making the transition to a galactic civilization. The moon was colonized with bases, thousands of humans now lived there in science and military outposts. Humanity continued to advance, the first "Zero Space" was launched, a second and third launched a few months later. With new each ship made, Humans modified, optimized, and resigned them to be better, faster, and more spaceworthy. Weapons on human spacecraft were still unheard of, but Human leadership was planning on adding those soon, the Human-modified dracon beams taken from the defeated yeerks being renamed "phasers" and given better damage and longer burst rates thanks to Human ingenuity. As the Andalites became to scan their borders fervently, Humans began to learn the art of weaponizing their space-ships with laser weaponry and began exploring captured shield tech and learning how it worked.
Years past, Andalite and Humans are rarely found in each other territory anymore. The Andalites have become recluse, nobody knows why, but they claim its to protect their species identity in these news times of species to species contact. The Humans and Andalites were working together on various business and governmental endeavors when suddenly, the Andalite high command issued orders to cease most contact with Humans, citing cultural identity concerns and the need to slow down and take more time to build trust. Humans were confused, the Andalite military folks could be a bit arrogant, but, Andalites and Humans got on pretty well, and Humans did not understand the sudden pullback in Andalite policy. Secretly, despite all the talk about "trust", Humans began to spy. They wanted to know what exactly was going on with the Andalites, and it did not help for Human leadership to secretly know that Andalite high command was planning on glassing planet Earth in a scorched earth policy during the war to stop the yeerks, and only reluctantly change gears after the Animorphs handed them a whole Yeerk fleet and the top general of the Yeerks.
The Andalites grew more distant, and Humanity watched from afar, using their secret Z-space telescopes to spy on Andalites planets and military movements. The Andalites were not an expansive race, having little desire to conquer new land, they only had 3 planets under their control. 20 years after the war with the yeerks, Humans were in the middle of terraforming Mars, and the moon was a full-fledged base of Humanity, with over 100,000 souls living there in domes and enclosed buildings. Humans had no real military space force, but the moon did contain powerful plasma turrets on its surface, with enough fire-power in its somewhat primitive model to surprise the Andalites, had they bothered to keep tabs anymore. The Andalites knew about the plasma turrets of course, but they did not care too much to check them out, and assumed humans had no real ability other than fighting wars limited to their own planet, and only shadow-based wars at that, believing humans to be unable to stand up to an advanced force of any kind with real numbers supporting them. The Andalites were occupied with something... Else... And Human leadership wanted to know what.
Andalite fleet movement had been detected by Human Z-space spy telescopes, lots of it, and Human leadership knew what it must be... War. They were not sure who the Andalites were gearing up to fight, but, Human leadership suspected it was the Kelbrid, knowing of the secret missions Andalites had taking place in their territory. The Kelbrid were considered to be advanced, powerful, and savage, but were known to keep their agreements, they would likely be very angry about their borders being intruded by Andalites after the agreement they made to stay out of each other's way. The Human leadership know what the signs pointed to, Humans had spent its whole existence fighting and killing, and it knew a fight brewing when it saw one. Humans made upgrades to their z-space spy scopes to take a better look at Andalite territory, what they found, was scary, if not surprising. The Andalites were indeed at war, and losing, badly.
The Andalites were in a panic, one of their worlds was burning, millions of Andalites dead, and the whole system it resided in was lost. The Andalites lost nearly half their fleet in trying to save their third planet and newest acquisition. After downsizing their military only 20 years ago, the newest generation of Andalites was tapped for war and hundreds of new ships were built at a frantic pace. The Andalite cadets knew what was expected of them.
Humans watched the development with great interest, they saw the third planet of the Andalites, Teeassic, burn. None seemed to be left alive, and the fleet around its orbit was devested. Humans watched as the Andalites pulled back to their remaining 2 planets, and build new more defense platforms to ring them. The Kelbrid were clearly a powerful foe, their ships massive in size, though old, and having massive firepower and defense shielding on their ships. Even the mighty Andalites dome ships, with shedder lasers that could punch a hole in a moon, were hard-pressed to stop even 1 Kelbrid battlecruiser. Humans watched as the Kelbrid matched the Andalites with 1 capital ship for every 3 of the Andalites own. The Andalites, while powerful, had clearly met their match, the Kelbrid was stronger than the yeerks and could push the Andalites back with their fierceness. Andalites, however, are brave to the point of ridiculousness, much like Humans, and the Andalites did not hesitate to self-sacrifice to attempt to win the war. Out of honor for their people, the Andalites forces again and again committed themselves to suicide attacks, fights that led to the self-destruction of the vessel they resided on, and just generally INSANE acts of heroism to try to stop the Kelbrid. But it was not enough, and the Andalites found themselves pushed out of open space and huddled around their 2 remaining planets.
All this time, the Andalites pretended nothing was wrong to the Humans. Civilian contact was cut off years ago, and Andalite military command, that acted as the species overall government more often than not, would send less frequent ambassadors, who nonetheless insisted everything was "fine" and the Andalite just wanted to take things slowly with Humans. For a time, Human leadership, consisting of the semi-centralized new earth government, took them at face value but grew less and less accepting of the excuses over time. The Humans did not want to admit to spying, but, it was a non-invasive long-range visual observation method, using holes in space-time, so they did not feel too ashamed of themselves for admitting it. Besides, the Andalites were losing and clearly needed help, badly. After witnessing a failed but close contested attack on the Andalites second planet, Luaminoa, Humans knew the Andalites were risking destruction and felt compelled to do something and say something.
Planet: Earth Year: 2022 Ambassador to the Andalites office, Washington D.C.
An old, haggard-looking Andalite of 160 years walks through the tall and wide door to the Ambassador's office, finding their species could not properly sit down like humans, a comfortable carpet would make due instead of a chair for the Andalite ambassador. The Andalite faces a middle-aged human of 40 years old, the blue-furred Andalite looks at the Human man standing before him, a man with bright blue clears eyes and a smile but sad smile on his face.
"Hello ambassador Theor-Getil-Illii", says the Human, using the Andalites full name rather then the shortened version. The Human did not shake the Andalites hand, knowing they are more fragile appendages than the ones Humans have. , said the Andalite telepathically, with a modest bow of its stalk-eyed head and human-like torso. , asked the Andalite. The small smiled faded off the Human ambassador's face, and in its wake was just sadness. "Theor", using the Andalites shorten named, "What is happening to your people?" The Andalite paused for a moment, seemed slightly taken aback, and responded. "Yes you do", the Human ambassador responded. "Your people are at war, and you are losing". The Andalites 4 eyes, trained on the Human, got big and his body tensed. The Human, not waiting for a response, continued. "We know you are down to 2 of your planets and are in a defensive position around their orbits, and we know about the Kelbrid and what is going on." The Andalite looked at ambassador Paul, and after a moment, asked,
the Andalite asked incredulously. "Well..." said the Human. "They really are more like micro cameras that look through micro holes in Z-space.", the Human explained. "Using just a tiny amount of energy, we can create a high-speed tunnel through Z-space, with nothing in the tunnel but a simple stream of quarks. The force of those quark streams keeps a small rift open that we peak inside of using a tiny camera that picks up on photons that enter the Z-space hole created as the quarks squeeze out of it.", the Human lectured. "This allows us to send tiny mass through Z-space at extremely high speeds, allowing for near-instant observation at the end of the tunnel created by the mass exiting Z-space at the target observation area." Shocked, Theor-Getil-Illii simply started at the Human, for a long time. The Human waited, and after a time, the Andalite seemed to find his thought-speak voice. , the Andalite babbled. , said the Andalite, trying to sound calm.
The old Andalite ambassador read Aximillis report, but could hardly believe it, let alone allow its impact to truly wash over him. However, the truth of Human now started to dawn him, and his body grew cold as his smart mind did the calculations and he thought to himself. The Andalite looked again at the Human, , the Andalite said slowly and half-mindedly> The Human nooded, understanding how the Andalite must feel, "Yes, we know we are the type to advance quickly compared to the most races we have learned of, it's just in our nature.", the Human said slightly sadly, "We just hope for the best", Paul said. Looking at the quite Andalite, Paul said, "Now, have you considered asking us for help? We would be willing to aid you, freely." Theor took a moment to think about that statement, before responding, Theor-Getil-Illii replied, borrowing the Human phrase to express a problem.
, Theor asked while taking a deep breath. "Certainly", said Paul. Theor started. Theor continued. Theor finished off. Theor said in thought-speak. Theor bristled. , ended the Andalite firmly. The Human ambassador looked on, knowing this would be a tough job, but one he would have to do.
"What if we offered you a million soldiers right now?" Paul asked. "Well trained, and we could even provide weaponry and supplies for them." Paul looked at the old Andalite. "We could even give you 3 million soldiers, armed and with some armored support, within 3 months time," Paul said. "China has already agreed to give a million soldiers today on the spot, and the United States and its alliances can provide 2 million after we formalize things a bit," Paul explained. "You could station them on Luaminoa, to use in defense in case of a troop based invasion.", Paul finished. The old Andalite stared, thought briefly, and said, Ambassador Paul nodded, but countered, "But you could still use the help when they try to take the planet as their own by troop invasion.", he said plainly. The Andalite ambassador countered, "Your people would all die." Ambassador Paul looked Theor in his 2 main eyes on his head, and said, "Yes, we know, but we are willing to do it to help you anyway. Out of friendship between the kin we know we have between our races.
The Andalite ambassador stood there that night, attempting to fall asleep in the middle of a moon-lit grass field, isolated and protected by security agents from the worlds cooperative governments for official Andalite guests to sleep in. No deal with struck today, just talk, the Andalite asked for an early recess to think and contact Andalite command. Theor-Getil-Illii would have preferred a tree to sleep by, in the half-asleep trance manner his forest and plains based species were accustomed to. The open field would have to do, however, not that his mind was letting him sleep. <3 million soldiers, in less than 3 months time?", he wondered to himself. The entire Andalite military force consisted of about 18 million Andalites, and that is even after the addition of female soldiers and higher than normal recruiting. A huge portion of the Andalite population was involved in the military in some way. It was like that in the time of the Yeerks, but now even more so, as the Kelbrid was a terrible enemy, and were using the entrance of 2 ships of Andalite belonging as a reason to continue to ignore any peace treaty and keep on the attack. Andalites understood their anger but believed this war to be a vast overreaction on the part of the Kelbrid.
3 million soldiers, the Andalite ambassador thought to himself, as he drifted off to sleep. It would be enough to nearly double the ground forces on their second world. It was a tempting offer, if the reports of humans being good ground-based soldiers were true. Allegedly Humans were tenacious ground-based combatants, who would not give up a fight easily and would use strategy and tactics as well as a wide variety of primitive but effective weaponry. Theor did the math, <3 million soldiers, out of over 6 billion people. That leaves them with 5 billion 997 million left, bare minimum.> Theor let the shock of that information wash over him. 3 million soldiers is a lot to Andalites sensibilities, and since yeerks were dependent on host bodies to do anything, it was a lot to the yeerks also. But to Humans, 3 million soldiers was a drop in the bucket, as Humans say it. It barely took a scratch out of their numbers. , the old Andalite thought to himself as he fell asleep. Humans had a vast population, and could make for very effective military use, should they be able to use weapons and have good mobility and senses. And they were primitive, vastly outmatched by all the other races in terms of technology, and bodies that could little to no damage to most creatures as well. And yet, somehow, Human minors, with the ability to morph from the Andalite Elfangor, were able to adapt and engineer the defeat of the Yeerks through guerrilla warfare. Theor-Getil-Illii slept while still pondering what to do about the Humans offer of soldiers and aid...
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Cryptocurrencies on pace to close volatile trading week positive following Ethereum Classic addition to Coinbase Index Fund and the launch of the BOLT privacy overlay for Zcash on the lightning network

Developments in Financial Services

  • Binance is launching a JV with Liechtenstein Cryptoassets Exchange (LCX) to launch a fiat to cryptocurrency exchange, Binnace LCX. The exchange/platforming will be based in Liechtenstein and offer trading between Swiss Francs (CHF) and euros (EUR) against major digital currencies pairs with the potential for new trading pairs in the future.
  • bloXroute Labs, along with a partnership with a team of student at Northwestern University, are experimenting with a trustless scheme to address the scalability limitations of Bitcoin’s P2P platform. At the moment, with the Lightning Network, Bitcoin transactions capacity is capped at 82 BTC. According to Sarit Markovich, professor of strategy at Kellogg School of Management at Northwestern University, the bloXroute solution is scaling at 100x better and are targeting 1,000x.
  • BOLT, a privacy overlay for the lighting network that will be applied to zcash, was formally launched on Github today. BOLT will obscure transaction, balances and sendereceiver identities. The BOLT upgrade to the zcash protocol is considered a soft fork.
  • Coinbase, according to CEO and co-Founder Brian Armstrong in an interview with Bloomberg, is adding 50k new users a day. Assuming this run-rate, it implies Coinbase will add 350k new users a year.
  • DGE, a South Korean blockchain developer, who launched its native cryptocurrency TMTG a few weeks ago that is linked to value of gold is attempting to partner with global gold exchanges (after agreements with the Korea Gold Exchange and Vau Diamond Exchange) to create a stable ecosystem for TMTG. In the opinion of DGE, many cryptocurrency developers do not consider the stability of their coins and its impact to the ecosystem these cryptocurrencies support.
  • Ethereum Classic is +18% this morning after crypto’s inclusion into the Coinbase index fund after being added to the Coinbase Pro trading platform. At the moment, Ethereum Classic has a 0.91% allocation in the fund.
  • Huobi, the Singapore-based cryptocurrency exchange (and third largest cryptocurrency exchange in the world), has announced partnerships with Yatai International Holding Group, Vnesheconombank, Chi Fu Group, Asia International Finance Holdings, and Dbank Group to create cryptocurrency trading exchanges/platforms in the Philippines, Taiwan, Indonesia, and Canada. The five companies will use Huobi’s Cloud service which will provide the different platforms with the tools they need to open their exchanges on a proven framework.
  • LINE, a Japanese social messaging app, announced that is forming a USD$10mm blockchain venture capital fund. The company believes the decision to create a blockchain venture fund will make LINE one of the first publicly traded companies to formalize token investments through a corporate fund structure.
  • Pantera Capital announces it has raised USD$71mm for a third cryptocurrency fund. Calling it Venture Fund III, Pantera has already begun to make investments following an allocation to cryptocurrency trading platform Bakkt (that has a JV with ICE).
  • Ripple Labs continues to focus on expansion plans, even in the face of recent lawsuits from the District Court of California. The lawsuits content that Ripple’s native cryptocurrency, XRP, should be considered a security which the company flatly rejects. In spite of these issues, Ripple Labs remains focused on its overseas expansions plans in Asia and the Middle East.
  • Ripple Labs has endorsed three cryptocurrency exchanges, Bittrex, Bitso, and Coins.ph as its preferred partners for transactions with Ripple’s xRapid payments system. Management at Ripple Labs is encouraging users in the US, Mexico and the Philippines to use these exchanges while transacting with xRapid. XRapid is a solution for Ripple’s blockchain-based real-time gross settlement system and is meant to facilitate international fiat transfers between financial institutions.
  • Square announces that customers will be able to buy/sell Bitcoin via its Cash App across all 50 states in the United States.
  • The Tokyo Stock Exchange (TSE) is publicly expressing concerns about the acquisition of Beat Holdings, listed on the TSE, by Noah Ark Technologies, a Hong Kong-based cryptocurrency frim. The TSE concerns are related to management’s bias to stay away from the cryptocurrency sector.

Regulatory

  • The Australian Securities Exchange (ASX) is exploring using a distributed ledger technology (DLT) in place of its current clearing house electronic sub-register system. According to Dominic Steves, Managing Director and CEO of the ASX, shifting to a DLT system would save the exchange as much as USD$23bn. A DLT would permit customers to use nodes instead of sending messages and connect to the whole database instead of having to communicate with several different databases and should help eliminate errors.
  • Bitmain’s upcoming IPO is coming under scrutiny as investors continue to worry about its long-term viability. Specifically, there seem to be concerns about Bitmain’s reserve of Bitcoin Cash which is considered an illiquid position given the daily turnover in current Bitcoin Cash markets. Bitmain’s IPO is currently being valued at USD$18bn.
  • Bloomberg is reporting that a Bitcoin-based ETN that is listed on Nasdaq Stockholm will begin targeting US investors. The ETN, Bitcoin Tracker One, is listed and traded in Sweden but is now being quoted in USD$. Traders will buy the ETN in a similar way that they buy ADRs where transactions are in USD$ but settlement, clearing and custody will be done in SEK.

General News

  • Alexander Petersons, product director of cloud mining service Hashtoro.com and self-proclaimed crypto-enthusiast, believes the cryptocoin industry will begin shifting to cleaner and smart mining by taking advantage of local climates to help reduce electricity consumption. While cryptocurrency critics cite costs of crypto mining as an impediment that will limit widescale adoption of digital currencies, Petersons and the team at Hashtoro.com believe the use of clean energy will help address the challenges of scalability.
  • Bitcoin.com CEO Roger Ver has hinted the online cryptocurrency news publisher may consider an ICO in the future. The topic was brought up during a conversation with one of Bitcoin.com’s lead developers about developing tokens on the Bitcoin Cash blockchain - - Bitcoin.com published a new tool helping aspiring developers to build tokens on the Bitcoin Cash protocol.
  • A group of researchers/hackers have claimed to have hacked John Mcafee-backed hardware wallet Bitfi. According to its advertising, Bitfi claims to be unhackable. The researchers/hackers claim to have had complete access to a Bitfi wallet for the past two weeks, tracking data being sent out of the wallet while still being connected to the Bitfi servers.
  • According to a research report by Citrix, 59% of UK companies have been affected by cryptojacking malware. Cryptojacking malware employs its victim’s computational resources without their permission in order to mine cryptocurrencies for the attacker and leads to a wasteful increase in electric power consumption and the slowing down of affected devices. According to Citrix’s research, 80% of the cryptojacking cases took place in the last six months.
  • Deviant coin releases its whitepaper ahead of the launch of its hybrid decentralized exchange and its open-source hardware wallet. The novelty of Deviant is that it proposed to create rewards within its ecosystems without the typical centralized control of node operators. The Deviant network offers improved speed with stealth addresses for complete anonymity, encrypted messaging for secure communication, low transaction fees, lower confirmation time, and a limited total supply.
  • The Ethereum community continues to struggle with DApps topping the number of downloads on the blockchain network that are promising investments with high returns that turn out to be fraudulent. As an example, Team JUST, the anonymous development team behind the gambling DApp FOMO 3D is warning that an indentical version of its game is eating up 1/3 of the Ethereum network’s total computational power and raising USD$7mm over the past week.
  • Genesis Mining, an Iceland-basd hashpower hosting service, is forcing customers to upgrade their Bitcoin mining contracts following this year’s drop in cryptocurrency valuations. The company is discounting the upgrade price of its Radiant service per 1 TH/s to USD$180 from USD$285. In 60 days, Genesis announced it will terminate open-ended contracts that mine less than the daily maintenance fee.
  • Hash House, a crypto-themed café and workshare space in the city of Xi’an, the capital of Shaanxi Province in China, has recently launched. Among its many features, Hash House will provide visitors with learnings materials on cryptocurrencies and will hose seminars and meetups on different crypto topics.
  • China News reports that the Hong Kong University of Science and Technology (HKUST) Business School has received a USD$20mm research grant to investigate the security capabilities of electronic payment systems. Partnering with University of Hong Kong (HKU), the Chinese University of Hong Kong (CUHK), and the City University of Hong Kong (CityU), the HKUST-led research initiative will focus on artificial intelligence, network security and blockchain technologies.
  • During an unofficial discussion with Quartz India, unnamed state official in the Indian government, which is examining the impact of the virtual currency ecosystem.
  • IBM files updates to a pending patent for managing a databases management system (DBMS) using a blockchain database. The patent was initially filed in December 2017 and covers the idea of connecting a blockchain databases with a traditional central database.
  • Joe Lubin, the co-founder of Ethereum and ConsenSys, does not see the recent sell-off in cryptocurrencies constraining growth of the crypto ecosystem. In an interview with Bloomberg, Lubin suggested the recent run-up in cryptocurrency valuations is similar the previous six bubbles with each bubble more pronounced than the previous.
  • Joe Lubin, the co-founder of the Ethereum Foundation, during an interview with Bloomberg, claims Ripple is not a blockchain technology and is not a competitor for Ethereum. In Lubin’s mind, Ripple is a payment system, not a blockchain technology. In the case of EOS, Lubin cautions against its decision-making framework and doesn’t believe it is should be treated as layer-one technology yet.
  • Users can now be paid to participate on the lightning network nodes. The average fee on the lightning network currently is about 1 satoshi. In comparison, the montly income of using the lightning network has been estimated to be closer to USD$2 for a prominent application developer.
  • Microsoft recent patent applications suggests the company is looking to use trusted execution environments (TEEs) within its blockchain technology. TEEs are pre-determined types of blockchain or other security protocols in validation nodes. TEEs will help assist in the implementation of consortium blockchain networks and will also assist in verifying blockchain transactions on networks where multiple pre-authorized entities must interact.
  • Saudi Arabia officials warn citizens in a formal joint statement from the Ministry of Trade & Investment, Ministry of Information and Saudi Arabian Monetary Agency that trading Bitcoin and other cryptocurrencies are illegal in The Kingdom. This press release is in contrast to The Kingdom’s positive disposition to blockchain technology.
  • Taproot, a protocol overlay for Bitcoin pushed by one of Bitcoin’s most well-known developers Greg Maxwell, will offer a privacy layer which will address Bitcoin critics who believe the benchmark cryptocurrency’s privacy is awful. Taproot, supported by other popular Bitcoin developers, will require the Schnorr upgrade which is still not ready to be implemented. The power of Taproot will be the ability to make smart contract transactions look like any regular Bitcoin transaction, offering anonymity for senders and receivers.
  • The national government of Vietnam has decided to ban imports of cryptocurrency mining equipment. According to the Ho Chi Minh City Customs Department, 3,664 ASIC devices were imported into the city in C1H2018. The ban of cryptocurrency mining equipment is related to a government investigation into a ICO-fraud that scammed USD$660mm from 32,000 domestic investors. At the moment, cryptocurrencies are outlawed as payments in Vietnam after the Vietnamese Central Bank refused to accept cryptocurrencies as a recognizable form of non-cash payments.
  • During an interview with Crypto Congressman Jason Hsu, Vitalik Buterin, the co-Founder of the Ethereum Foundation, highlighted his worries about the lack of sustainable applications on the Ethereum blockchain. Buterin is working on a proof-of-stake and charting protocols to help address the current bottlenecks that are preventing widescale adoption of Ethereum. In his opion, privacy concerns remain the biggest hurdle for widespread adoption of Ethereum in the financial sector.
Sources:
https://www.ccn.com/asias-largest-stock-exchange-is-honestly-troubled-by-a-cryptocurrency-firm/ https://www.newsbtc.com/2018/08/13/does-50-decline-in-the-turkish-lira-prove-bitcoin-is-better-than-fiat/ https://news.bitcoin.com/crypto-cafe-and-coworking-space-hash-house-established-in-xian-china/ https://bitcoinist.com/cryptocurrency-regulations-india-months/ https://www.coinspeaker.com/2018/08/13/ripples-expansion-plans-overshadowing-its-lawsuit-worries/ https://bitcoinist.com/saudi-arabia-bitcoin-trading-illegal/ https://www.coindesk.com/square-expands-cash-app-bitcoin-purchases-to-all-50-us-states/ https://www.ccn.com/thailand-police-seek-more-arrests-in-24-million-bitcoin-fraud/ https://cointelegraph.com/news/venezuela-to-use-petro-as-unit-of-account-for-salaries-goods-and-services https://www.coindesk.com/bitcoins-taproot-privacy-tech-is-ready-but-one-things-standing-in-the-way/ https://www.newsbtc.com/2018/08/15/coinbase-continues-to-add-50000-users-a-day-during-bear-market/ https://www.coinspeaker.com/2018/08/15/crypto-goes-green-using-renewable-energy-in-cloud-mining https://cointelegraph.com/news/citrix-survey-more-than-half-of-uk-companies-hit-by-cryptojacking-malware-at-some-point https://cointelegraph.com/news/japans-messaging-giant-line-sets-up-10-million-hong-kong-blockchain-venture-fund https://www.coinspeaker.com/2018/08/16/google-blockchain-and-ethereums-future-vitalik-buterin-shares-his-thoughts-at-a-private-event-held-in-san-francisco/ https://blockonomi.com/vitalik-buterin-future-blockchain/ https://www.coindesk.com/pantera-capital-raises-71-million-for-third-crypto-venture-fund/ https://www.newsbtc.com/2018/08/16/ethereum-classic-etc-surges-after-coinbase-consumer-confirms-listing/ https://www.coindesk.com/asx-head-says-new-dlt-system-could-save-billions/ https://cointelegraph.com/news/soft-crypto-etf-alternative-now-geared-towards-us-investors-says-bloomberg https://www.ccn.com/gnosis-creator-ethereum-adoption-is-about-dapp-network-effect-not-users/ https://www.newsbtc.com/2018/08/16/crypto-exchange-huobi-partners-with-five-firms-to-launch-trading-platforms/ https://cointelegraph.com/news/binance-lcx-launches-fiat-to-crypto-exchange-in-liechtenstein https://www.coindesk.com/ripple-endorses-preferred-crypto-exchanges-for-xrp-payments/ https://www.ccn.com/ripple-picks-three-crypto-exchanges-for-international-xrp-payments/ https://cointelegraph.com/news/ripple-partners-with-three-crypto-exchanges-as-part-of-xrapid-solution https://www.newsbtc.com/2018/08/17/xrp-recovers-as-ripple-expands-crypto-exchange-partners/ https://www.ccn.com/genesis-mining-offers-customers-a-discount-to-offset-falling-bitcoin-rewards/ https://cointelegraph.com/news/genesis-mining-compels-certain-customers-to-upgrade-btc-mining-contracts https://www.coindesk.com/jd-com-rolls-out-blockchain-platform-with-its-first-app/
submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

Best of the best Q&A Stephens and Shingos. Team, Community, Competition, POS, Marketing

Team
stephen corliss, [19.10.17 21:07] Team Bitquence, Who Are They? Collectively, the team has over 150 years of professional experience, lead by a leader who has accomplished more in 19 years than many people will over their entire careers. This team has the skills and gumption to deliver what it promises. These simple facts should be enough to stop anyone from spreading FUD that anything here is a scam. If it is not, let me say this, I carry securities licenses that are overseen by government regulators and I also founded a regulated investment business that is still active. If I, or anyone as part of this team, were involved in anything devious, the Feds would be at my door with handcuffs. Would I or anyone of us really be this stupid? I can’t wait to remove all these irresponsible pinheads from this industry who care only about themselves rather than society. In the world I desire, there is absolutely NO room for greed anymore where society suffers at the hands of a few!
stephen corliss, [15.09.17 17:43] [In reply to James: stephen interested to know if Bitquence was on your radar before you joined us?? Or were you interested in getting into the space and they approached you?] Hi James, I've actually been in crypto since the early days all the way back to 2013, hopping around the globe trying to help shape the vision for our industry. BQX and I stumbled upon one another and immediately discovered we shared the same visions and inspirations to deliver a truly transformative platform that is built for the consumer to help them in every way possible to take control of their financial futures. This is also why Shingo and I believe our platform should cover not only crypto but even traditional fiat assets (sec's, bonds, etc). This is critical as consumers will have the majority of their wealth tied up in traditional assets, like those retirement assets tied up in employers retirement plans, for at least another decade before they can transition to the Blockchain.
stephen corliss, [24.08.17 02:47] [In reply to Matt Hopkins: stephen I cannot express how impressive the response from the team, Shingo, and yourself has been. Reading the white paper and watching your videos where just a glimpse into this amazing vision and platform. You guys have brought this community to the next level. Thank you for your transparency and constant updates. I know I speak for the whole community here. Here’s to a great future with Bitquence.] Matt, Thanks man. I've seen a lot of stuff in my life and people who claim to be visionaries, only one of them could hold a candlestick to Shingo. You know, I've seen and been involved in a lot of exciting things over the years but nothing like this. Not even close!
stephen corliss, [25.08.17 21:07] [In reply to Liam: Stopping wild rumours in their tracks with your unbeatable knowledge of all the rules and regulations that need to be adhered to, I wonder how other crypto companies ever manage to survive without someone like you on their team] Sustainability of Bitquence and the entire eco-system is of major importance so some times it means getting very deep into the weeds as the complexity level globally can be a daunting task to most. But, it can be fun, especially if your bit wacky like me!
Shingo, [30.09.17 05:59] [In reply to Long Ton: How many coders do you guys have working on Bitquence? I’d be concerned if Shingo was managing university and coding] 7 or 8 devs if you are talking about technical people working on various aspects of the platform. The number feels about right to me. Jeff Bezos always said you should have no team that is too big to share 2 large pizzas otherwise you lose productivity
stephen corliss, [02.11.17 16:02] [In reply to Markus Winnen: What´s the story behind hiring you? Did you know each other before or how does the contact happened? :D]
We didn’t know each other but we had some mutual acquaintances. After meeting, Shingo and I immediately hit it off and also discovered that our dual solutions for creating a new eco-system for global financial services had a lot of overlap. So, they asked me to come on as a founder. Decision was easy.
stephen corliss, [02.11.17 23:49] [In reply to Ab Alphabeta1: amongst all your positions at work so far, which has been your favorite ? I know the first job is always special, apart from that?] My work at BGI/iShares was very special for numerous reasons but none more meaningful than having alignment of core values. The work itself was awesome as I had to build a global sell side business across asia, europe and americas, which is extremely hard to do by itself but doing it within a buy side asset manager and then integrate the two together was unheard of. Building an entire infrastructure including global trading systems across all asset classes including equities, bonds and cash is a lot of fun as you have to also build all of the upstream and downstream processes and tech and then overlay 100’s of jurisdictional regulations and laws while collaborating with regulators. Crazy fun but it was even more rewarding because in a short period of time we grew it to a $200m revenue a year while trading $350billion in assets.
stephen corliss, [10.11.17 18:06] [In reply to Kevv: if you don't mind be asking Stephen, what's the team plan with recruiting/getting more dev/marketing/back end ppls ect?] Its a continuous process but we have the core team of expert devs building as we speak and our expanding with other experts, eg. AI and Machine Learning, so things are changing rapidly as we progress on the roadmap. Non-technical staff are also in the picture and being added continuously as we have already have key staff onboard as part of the assembling of a highly skilled marketing team. Lots happening!
stephen corliss, [15.11.17 15:31] I learned quite early on that creativity and innovation are things that can come both normally and with intention. Most people don’t deliberately set aside time to tap into these skillsets. For me, I’ve always allowed myself time each and every day to challenge conventional ways of thinking, business and economic models or broad processes. This often allows me to devote the time to really understand an issue, model and process so I can then break it apart into small pieces and rethink how to rebuild it to be bigger, better and faster. This is why school for me was frustrating as it moved at a pace that doesn’t truly allow one to build in-depth knowledge and understand all sides and angles. Most of what I have come to know came afterward or what I did on my own time. Hate to admit it but my hobbies are not traditional, I like researching the history of capital market and economic models and studying congressional history around how market based rules came about and what motivated them. Weird? Yeah, a bit but if you truly love something, who cares!
Community
stephen corliss, [28.10.17 14:21] All, As the public opinion debate about Bitquence is beginning to ramp up I wanted to take a moment to share some thoughts. Openness and transparency are one of the several reasons I decided to enter crypto several years ago. This may seem strange coming from someone with my background but in my opinion, the traditional approach of hiding behind the corporate veil is cowardly and toxic. So, for any firm in this space, both it and its supporters must embrace diverse opinions and have an intelligent and open dialogue with those that disagree with our opinions. Lets not embrace the culture that exists in our global politics where those with different opinions are tarred and feathered but rather choose to behave like adults to set the example for our youth. Crypto is not about being closed minded but rather quite the opposite. So, when we are challenged lets not scream the loudest and attack but rather choose to engage those having different opinions in an open intelligent dialogue. Lets ask the tough questions of ourselves and others. If someone has an opinion, lets discover what informs that opinion by demanding openness and transparency about the facts that matter when sharing that opinion such as someone’s background or the analysis, facts and details that support it. As you all know, Shingo and I are here everyday to answer all of your questions, whether easy or difficult. This is a conscious decision on our part because of two main reasons, first because leaders in our industry should not cowardly sit behind the corporate veil like our traditional corporate counterparts and secondly, because we are building a global community that desires a financial system that works for society rather than against it. Lets embrace diversity of opinion as we are a diverse community from all walks of life who understand that differences should be embraced rather than pushed aside. I will be here everyday no matter how big or busy things become at Bitquence. Not because I have to but rather because I want to. I’m not afraid to be challenged and neither should any of you as this is the only way to get to the best result. I love this community so lets do everything we can to maintain a culture of openness that embraces our differences to discover the best answers. Change is coming!
Shingo, [10.09.17 18:42] The Bitquence community is different from other communities. We are smaller, but passionate because we all share the same pain points and yearn for the same vision. You don't see this sort of passion in many other places which is why we don't care very much about the short-term. We are looking long and when we have the product, we will get people to come and Bitquence will change the way people interact with crypto
stephen corliss, [19.10.17 21:22] Those of us in this community all know that we have the best community as each one of us plays a powerful role in building the momentum behind a unique grassroots movement that is absolutely scaring the shit out of our competitors. People Powered ya’ll !! stephen corliss about communication [21.08.17 18:32] You all deserve nothing less! We pay attention and want to ensure we all move along together and share in the fun
stephen corliss, [12.10.17 05:29] [In reply to Ke: Stephen can you specify 1 or 2 concrete things that those of us longterm holders who see the vision especially the 7yr plan to overtake Fidelity can do right now to help make it a reality perhaps sooner than we imagine. I believe alot if folks here are in this not just for the profits that will surely come but also because the vision of changing consumer finance is noble.] Two things, absolutely. 1) Every chance you get whether digitally or voice speak positively about this industry and recognize that early on it was full of bad stuff but we are changing that now by legitimizing everything we do so we can change financial models for the future 2) re-Post anything from this forum, other forums or from our site that you believe in, to any venue whether it is Facebook, Twitter, LinkedIn, Reddit; etc. Don’t do or post anything that you don’t truly believe in as people will see through that instantly. This is not about a single person or company, this is truly about what is best for us as a global community. Our dipstick lawmakers may believe we live in separate societies, but I believe we live in just a single global community who wants more than what the current rules and structures consider. Yeah, a bit of a soapbox comment but this is our time to really deliver change. That is what drives all of us.
Shingo, [26.10.17 20:46] We have said time and time again, we are looking for real, organic growth and a genuine brand and community. That is why we avoid hype, shilling and all that comes with it
stephen corliss, [04.11.17 06:04] This project is backed by a community. We are not defined by any one individual, not Shingo, not me, not the team, but instead a collection of individuals who desire change. We have many supporters and we appreciate them all and although I personally don’t know Suppoman, I would ask that you not slander anyone in this forum. Lets just keep everything professional and focus on delivering change together.
stephen corliss, [25.08.17 04:43] [In reply to John: stephen enlighten this newbie here...what can i expect for investing in bitquence] Game over bro! Sorry for the playground choice of words but if anyone has aspirations to see mass adoption of crypto become a reality then they need to be a part of this community who together will make this a reality. I couldn't mean this anymore than I do. This only happens with every one of us sharing a goal to deliver a new paradigm for financial services, especially how we build wealth ( that means You, Shingo, Adam, Kevin, the other BQX team members, everybody!)
stephen corliss, [10.11.17 23:57] Community Message: All, I wanted to share some thoughts on community etiquette. As we are moving quickly into a very serious phase, I want to share with all of you our views on how we proceed and protect our positioning and image. As you all know, we are a community fighting together to bring real change. As part of doing this, what this means is that we are having serious strategic discussions with countless serious and successful businesses to partner with us as service providers, strategic partnerships and the like. However, what this also means is Bitquence is now under the microscope and held to a much higher standard than most. To ensure we maintain the best public profile this means we must also ask the same of all of you as we are in this together. So, earlier today we had some person enter the forum talking about shorting and referring to BQX as a scam. Rather than sit idle and extend a long rope as we normally would do, I banned this person almost immediately. I didn’t do this to “muffle” anyone’s voices or to limit healthy debates or discussions but rather to protect the public profile of the community and Bitquence for the very reasons I just shared. I promise you that we love and embrace diverse opinions and love open debate but we all must now realize the we have moved into a very critical phase and professionalism has to be the standard. We are doing the impossible but each and everyone of us is playing a critical role in our overall success so lets not allow Fudsters and people focused on themselves to tarnish our image.
Thank you all for everything. Much love!
Competition
stephen corliss, [28.09.17 14:57] If you can find me just 1 single competitor who can do what we plan and do it in a way where they won't violate laws and can service every jurisdiction, let me know. I don't see anyone thinking about this the way we do. Remember, first may be okay initially but if your model isn't sustainable and insulated from all the changes to laws and regs that are forthcoming, then it won't matter as you will be out of business. Working smarter and with speed and precision is always better in my book. I don't think the complexity of what we are doing and the space we're doing it in is always apparent. You can't just build something, especially in finserv, without knowing first where all the minefields are, as many have tried before and have since departed with many others to follow. Don't get me wrong, I don't wish this on anyone but if you don't plan appropriately, there really isn't an excuse. If we are sustainable, everyone wins. The team has basically doubled in a week, so the train is rolling at a high rate of speed to deliver not only an innovative model but also "several" innovative tech solutions.
stephen corliss, [15.11.17 04:14] [In reply to EstimatedProphet: Stephen since you are the global strategist, what do you feel gives you a strategic advantage in comparison to competitors? Is the product quality? Is it your former experience in the finance industry? I would love to know. Also, do you feel that certain relationships you have made in the past working for BOA and BlackRock provided outlets/resources that others might not have access to?]
Great question. Let me try to answer as best I can. what do you feel gives you a strategic advantage in comparison to competitors? With Shingo’s vision and capabilities, my knowledge of global market structures and regulations and the expert team we have brought together, I believe there is no other firm with the collective capabilities that we have at Bitquence. I’ve personally spent nearly 30 years studying everything about global finance, capital markets, structures and regulation. I believe the team here cannot be replicated anywhere. So, competitors may be able to copy but they will never do it as well as us because of our knowledge advantage. Is the product quality? Knowledge and capabilities unleash quality, which is what will differentiate us from all others Is it your former experience in the finance industry? Partially but it is the team that gives us the advantage. Also, do you feel that certain relationships you have made in the past working for BOA and BlackRock provided outlets/resources that others might not have access to? OH, MOST DEFINITELY Lastly, what do you currently feel is the most important market for BQX to take over first? I think we’ve said this before, its the United States. Why? All others avoid the US because they believe it is too risky, I don’t agree. If you solve for the US, this means you can operate pretty much anywhere. So, we solve for the US now ( Which we have!) and then concurrently role out in other Jurisdictions across Europe and Asia. I know there is a global strategy at hand, but what national market is most important to make the mark and or ensure long term success? See above.
Shingo, [15.09.17 22:58] I've seen at least 12 platforms that people are saying "doing something similar to bitquence". If we were the only ones trying to do what we are doing, I would be very worried! The fact that so many are trying to do stuff like this simply means that there is a very real market need for it. Competition is good and will motivate us to make the best product
stephen corliss, [14.09.17 13:19] [In reply to momo] Absolutely, competition is healthy. However, we have a significant advantage as we have visionary engineers and financial minds who know how to create something that nobody has seen before that can also withstand the highest degree of scrutiny. I wish I could find the words to explain how difficult it is to uncover the solutions we have found but I cannot as it requires much more space than is available to me here. Plus, why tip off everyone! let them figure it out for themselves after we become the biggest baddest platform on the street!
stephen corliss about competition, [08.09.17 16:13] Coinbase is not a good barometer for Bitquence, whether we're discussing technology, legal/regulatory structure, product / service quality and depth or customer service. If you can't even get customer service right, how can anything else be great? No worries all, the BQX Team understands all the critical elements required to deliver! Competition? What competition....! In my view, we are trailblazers. Sure, many will try and follow us or even try to interpret our vision and replicate it to beat us to market, but none will be able to do this with complete success. That's what drives us and focused is what we are!
[In reply to Bjorn: How does BQX not be a competitor of existing Exchanges Stephen if we can buy and trade coins on the BQX platform?]
Thanks Justin! Hi Bjorn! Let me first call your attention to page 7 in our latest Whitepaper. Here you will find how all of the various dynamic layers of the platform work in conjunction with one another. BQX powers everything on the platform and links the Platform Layer with the Liquidity Layer. BQX will represent the individual baskets which will hold diverse ccy's and coins where liquidity for the individual constituent ccy's/coins will be sourced via CCY and Coin Exchanges. (also eliminating counterparty risk) There are a lot more nuances here but this should give you more details. I likened this to what we did with exchange traded funds over 15 years ago where exchanges at the time felt unnecessarily threatened by ETF's as they thought it would hurt their businesses. In fact, it did exactly the opposite as they generated exponentially more trading volumes because of the many:1 design of index funds. In the end, what this delivers is a fully fungible diverse basket of ccy's/coins that delivers the full benefits of directly holding them while streamlining day to day transactions for users. Does this help at all? Again, this is why we help exchanges grow their business as it allows for "mass adoption".
stephen corliss, [03.09.17 15:51] [In reply to Z Davinci] All, We hear you 100%. Let me make one point reference competition. Competition will be and is a healthy thing for any industry as it provides options for consumers while also allowing consumers to choose the better service provider and technology. However, when building a model in an industry such as this one that has to align with a complex financial industry centuries old, most will either fail or miss the mark significantly. What we have right now is a classic "square peg round hole" situation where ONLY those with the necessary technical, business AND industry expertise will win. What I can share here is this, we've done all of the necessary work designing a comprehensive solution that can flourish in a highly fluid business environment, where most others will be confused and distracted. I've set up many financial firms in my life worldwide so this is not unchartered territory and we will do whatever is necessary to ensure BItquence can flourish. FOCUS, BE BOLD, BE FAST, BUILD AND DELIVER, it is as simple as that.
stephen corliss, [08.09.17 02:17] [In reply to Slim] First, I'm old school so lets start with a giant HA! Then, lets move on to calling bullsh1t! Clearly, they have no idea about what we are building, and more importantly, how one goes about doing it. Lets take those comment 1 by 1. 1) Its a lot like Prism and Iconomi? What? Prism essentially deploys a CFD type model where holders do not hold the underlying coins it is meant to track and thus users have no rights or benefits that may come with each coin. All they have is a bet that they can win or lose. This is more appropriate for heavy traders employing a hedge or wanting quick/simple artificial exposure. It also doesn't save much in transaction costs either, which contradicts one of the main benefits of a CFD, their usually cheap! I don't knock their product but it is a complete 180 from BQX. Now Iconomi is different but similar. Considering my years with Indexes and ETF's, I clearly appreciate what they are trying to do. However, again, I have access to yield generation capabilities (or not depending on market moves) but what do I actually own? ICNX and ICNP only, not the underlying coins. Is the DAA transportable? No. I can go on and on but it seems unnecessary. Especially considering that none of this considers the Universal Wallet and all its benefits. 2) You do not own the currencies, you own the keys? Wrong, you own both! 3) You are given est. prices and own the assets and compare to actual investments? Nope, you know prices (est and actual) and own the ccy's 4) We are going big and will hv hurdles? Sure, but we solved those already! 5) Bitquence is centralized? Ah, nope its not. 6) They hold the wallet? Nope! 7) They are the exchange? Nope, we deliver optimized price discovery, cost reduction and lessen market impact 8) 1% Fee? Maybe but not finalized, however, that would be a lot cheaper than anyone else by leaps and bounds! 9) Years for product introduction to US customers? Solved!
Okay, did I miss anything? The problem here, all, is that our peers like to say that they understand Shingo's vision, but in all do respect they really really don't. They are building interesting products but none are remotely close to BQX because our visions and motivations are vastly different. We can cohabit the same space as we service different clientele but the similarities begin and end with we occupy space in the same industry. Product differentiation is quite vast.
stephen corliss, [07.11.17 20:53] [In reply to Ke: Is it fair to say that the biggest target bitquence is going after right now is Coinbase? Is that the real competitor?] I wouldn’t call it that specifically. In the financial space there are 2 main groups, Buy Side (eg Blackrock) and Sell Side (Brokers/Exchanges). I believe Bitquence is on the Buy Side and Coinbase is on the Sell Side. So, they could service us as a liquidity provider. However, because of their model involving coin storage, we will have an impact on them as consumers begin to leave their assets in cold-storage. However, this dynamic could still be positive for Coinbase as Bitquence creates opportunities to deliver new product sets of which Coinbase could provide liquidity and possibly even custody.
POS
stephen corliss, [13.09.17 13:54] POS is rebranded to Bitquence Predictions as POS implies other things, although we share numerous simiilarities
Shingo, [23.10.17 18:50] We have changed predictions as a "reward only" system to avoid complex legal concerns
Shingo, [23.10.17 18:42] [In reply to Marco: will BQX hodlers generate profits just by hodling ? (similar to OMG, NEO,...)] I would be cautious of any "passive income" model that is uncleared by regulated bodies. As Stephen said, there are some structures that may work and others that don't. There isn't enough guidance in the industry right now to say for sure Chris Ryan: So all Proof of Stake coins are considered securities?]
Stephen: That will depend on the details. First question to ask is always, what are users doing to earn divs? The less substance there is the more likely a coin will be found to be a security.
Shingo: The jury is still out for me whether or not proof of stake is passive or active income. Masternodes to me seem to be able to be justified as "active income" since you are providing services to the network and getting compensated in return. In that sense you could say you are getting paid income by the organization. The way OMG describes their model is a "tollbooth on a busy highway". As Stephen always says "The devil is in the details". I wouldn't want to say anything here without proper due diligence. I am excited for what OMG is doing and think they have a lot very great minds working for them. I'm sure they are considering issues such as these
stephen corliss, [02.09.17 14:30] Good morning! Quick details on POS or what we now call Bitquence Predictions. First, the critical outcome from this service is high quality intelligent data, which you can think of as Consensus based research. This service is the first step as it builds a valuable data inventory that will feed into our Basket creation, risk management, asset allocation and other functionality. It also allows knowledgeable and successful users to establish and build their reputation and following on the platform. This was never intended to be a gambling service and be, as some say above, "the only value maker for BQX". This thinking is an incorrect interpretation and I hope this explains why. BQX value creation, as discussed in slightly earlier threads, is generated by what happens in the next phases of the project, which are the "transactional" based Baskets and Universal Wallet services where BQX is both 1) necessary as Gas and for transactions and storage 2) A constituent holding option in the basket 3) liquidity enabler for the Liquidity Network and The Universal Wallet. Now, there are a lot more details to think about when thinking about BQX value creation but each one of the above should provide the basis for that analysis. Hope this helps.
stephen corliss, [29.08.17 22:40] All, I want to be sure the entire community understands precisely how POS will work. First, as you all know, we have been doing a deep global analysis of our entire roadmap, vision, products and services. This strategic analysis is and will continue to be our guidebook for all related decisions. The analysis is premised on one large assumption, during the short and intermediate term Bitquence should not require financial related licenses (Unless it is mandatory) in any jurisdiction. As such, with regards to POS, we have completed the required analysis and in NO way will this service be considered gambling, investment or derivative related. Users will not surrender / pay anything of monetary value to participate in POS. Winners will benefit and be rewarded for providing essential data but this will not come from any other user who predicting incorrectly. We will share more information but the above statements should clear this issue up. We of course understand that some of the information put out by us may have lead to this confusion but we will revisit those materials in due time to ensure they are more precise. Thank you everyone!
stephen corliss, [28.09.17 14:51] [In reply to Yoyo: People would get free coins to keep coin in the wallet?] Lets stick to Predictions. In order to build the most powerful financial platform, it begins with intelligent data. The best or smartest data isn't traditional research or crowd-based data individually but collectively. So, we begin by building superior Intelligence by first having users provide predictions on coin performance over short and long term periods enriched with other social data created on the platform. To encourage use, we allow users to join the platform and begin predicting and participating in other social engagement. The more accurate you are, the more rewards users can obtain. The more followers users gain, the more rewards they obtain. This is unique content and when enriched with other traditional and non-traditional research, it is highly intelligent and significantly useful to users when making both passive and active coin decisions.
Shingo, [27.10.17 07:04] [In reply to Ab Alphabeta1: Any coin which provides some sort of dividends be considered security?] I think the distinction is more between passive and active income and income on investment versus income for services rendered. Any token that requires you to stake or use your token in some sort of process that benefits the network suggests to me that it is compensation for services rendered. That being said, line is really blurry and won't become clear until governments and regulators catch up and render a decision
Marketing
Shingo, [19.10.17 19:27] I want to clarify what we mean by marketing. What we will NOT be doing is buying ads, spending on search/video/interstitial etc. What we ARE doing is putting effort into nurturing our community and increasing our earned traffic. This means upgrading the brand, creating a PR plan, scheduling releases etc. Once we launch the product, we will begin to buy ads and push the marketing pedal. I believe that this is the right strategy and will help to develop this community organically
stephen corliss, [20.10.17 01:55] As I know you all know how we approach things by now, I would hope you all expect a slow dribble of news that all connects strategically. We have a lot of great things brewing and information will follow but only when the time is right. We don’t buy into the hole pump crap, so please just remember that we are extremely strategic and precise in everything we do.
Shingo, [16.11.17 20:03] [In reply to Steve Crypto: Do you plan to make another Dev Update video for those who are not part of the Product Council?] Maybe... I've answered this question a bit before. We want to release less high quality content. What will likely be the format going forward is: - ExplaineAnimated Product videos - Captain's Log - Thinkpieces - Blog
Shingo, [01.09.17 02:38] [In reply to EstimatedProphet: Shingo are there any strategic marketing techniques being aimed at the general public? I know you're targeting mass adoption, but what is the plan for reaching consumers outside of the Crypto community?] Lots of guerilla marketing. One of the initiatives we are working on right now is building a large library of content aimed at new users (courses, blog content, guides etc.) We are hoping that for many people, their first interaction with bitquence will be "how do I buy bitcoin" or "what is Bitcoin" We hope to serve the user over the course of their journey of discovery from learning about crypto, to becoming a social crypto trader
Shingo, [10.09.17 18:41] While we are developing the product, we want to be careful with the brand and marketing. There is no point in pushing out our message far and wide before we have anything to show people besides demo videos. Building a community organically is much more powerful than building an artificial community that doesn't care about the product
Shingo, [13.09.17 21:05] [In reply to Ke: Shingo...could you shed some light on how you and the team plan to get this out to the masses once the product is out? Do you plan for early adopters to be sophisticated types looking to enter a new asset class or do you plan on positioning the product as a new cool way for millenials to get a solid ROI through this beautiful tech solution? Or can you adequately market to both groups?] We don't quite want to tip our hand just yet, but our customer acquisition strategy is going to strategic partnerships and aggressive competition to market incumbents. Our strategy with exchanges has always been to get more people exposed to BQX and learning about it which is why we have been pushing for listings and why Binance was a great victory for us. The second part is aggressively going after different market sectors in the crypto industry and strategically taking market share. We anticipate that improved tools, guerilla marketing, enthusiastic community and solid promotional materials will make for a powerful combination as we enter the next phase of development
Shingo, [19.09.17 18:50] [In reply to Greg: It would be nice to put up dates on roadmap in white paper or in one of dev updates, to be official.] We don't want to promise something we can't fulfill. We try to hold true to everything we say publicly. Our PR motto is under promise and over deliver which typically leads to more happy people than the opposite
stephen corliss, [24.09.17 16:43] [In reply to M I H A I] Good day all. Marketing is absolutely critical. However, burning capital on marketing "too early" runs the risk of having a large CAC that will have significant negative results. Your points are not wrong but the right timing is essential
Shingo, [09.10.17 05:17] What I want to do is frame up some more of our ambitious thinking in a way that people can understand where we see all of this going but also while preserving our competitive advantages over others
Shingo, [13.10.17 20:58] Again - we are revamping our marketing efforts and part of that means putting together a cohesive plan and schedule. That means less in the short term, but I believe that it will be highly beneficial in the long term once we start executing to this plan. Instead of putting out mediocre marketing immediately, we are going to put out great marketing in due time.
stephen corliss, [20.10.17 14:15] The only things we will be protective of are those elements that allow us to maintain a competitive advantage and a leading position. Typically these will be strategic initiatives that we will need to keep top secret until making a big public reveal. This allows us to protect our first mover advantage and further differentiate ourselves from everyone else. We have a few big surprises already.. 😊
stephen corliss, [24.10.17 14:27] All, lets move on to more constructive topics. We have just hired a very talented Marketing Executive who is developing our short and long term strategy as we speak. The benefits of this change will be significant and be visible across all channels and methods so lets stay tuned. I’m quite excited as this has been a big missing component for us that is now ramping up!
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Binance Kraken KuCoin Cryptopia Coinbase DOGE Ripple Omisego ZCash BitCoin Cash Bitcoin Gold Oanda HotForex Forex.com Oanda.com HotForex.com Currency pairs Currency trading USI-Tech USI-Tech Scam ... #Binance #Bitcoin. Category Education; Show more Show less. Autoplay When autoplay is enabled, a suggested video will automatically play next. Up next Why Traders, Quants & Whales Are Moving To ... Si dice molto spesso che fare trading in Leva ti porta alla rovina. Questo è vero se si fa a caso, solo per incrementare la posizione. Al contrario, se si opera secondo dei principi ben definiti ... Los Angeles, CA- A lot of people are yelling about Binance- this shows you how many people are addicted to altcoin gambling and have no concept of the Bitcoin strong hand. The All-star panel made ... Amazon Affiliate Link - (If You Buy Something On Amazon, I Get A Small Commission As A Way To Support The Channel) - (There is NO extra cost for you) https://amzn.to/39MXp4q ----- My Second ... Sarthak Share Market Tech School 83,066 views. 5:45 . Cryptocurrency Bitcoin & Altcoin Trading Signal Finder. जानिए किस कॉइन का रेट बढेगा ... Binance has the highest trading volume out of all the exchanges. I believe this is because they’re the most trustworthy. I lost 9000 Stellar Lumens when sending it to Bittrex and they didn’t ... Im neuen Video stellen Sergio und Lukas die aktuell in der Praxis beste, günstigste und schnellste Börse / Exchange zum Bitcoin Trading und IOTA kaufen vor. Die Binance Exchange ist eine ... In this episode I go over some DXY, XAUUSD, S&P500, Bitcoin Dominance and Bitcoin technical analysis. I delayed any sort of day trades on the stock and commodities markets & go over the reasons ... Movimientos de BTC es un canal que se especializa en mostrar los movimientos más importantes de btc y otras cryptomonedas. Para señales premium contactar al creador del canal por telegram ...

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