01-24 11:43 - 'Bitcoin is, money. It is cash...It is, one global distributed computer to serve the Earth.No master, no ruler, just an economically secure global system that all can use.Where data has value and becomes...Informa...' (twitter.com) by /u/hoisting removed from /r/Bitcoin within 66-76min
I have written this guide to dispel a common misconception I hear from this community - that putting more than one Graphics Card in your Bitcoin Farm is a great idea. TLDR: The FIRST graphics card you put in your bitcoin farm generates a bitcoin every 20 hours. Every additional graphics card you put in your bitcoin farm generates a bitcoin every 333.33 hours. This information is misstated on the wiki and in many videos I've seen. More Complicated Maths TLDR from u/Mekhazzio : TLDR: The bitcoin farm has a base production rate that's much higher than the rate added by each additional graphics cards. So when investing, you shouldn't be looking at how fast the whole farm pays itself off, but how much time it takes your N>1 graphics cards to each pay for themselves, because otherwise you could have just been pocketing the pure profit from the base production rate the whole time. At current therapist/flea-FiR values:
Baseline Rubles/Hr 7732.45
per-GPU Rubles/Hr 473.42
GPU days to payoff 22
That is to say, adding a GPU to an already-running farm takes three weeks before you've stopped losing money on that GPU. A pretty simple formula is utilized to determine Bitcoin Farming output. The payback period for your first graphics card is around 3 days. For each additional graphics card that you put in the payback period is over 20 days. The reason that this has confused so many people is that they credit the production from Graphics Card 1 to the payback period for the rest of the Graphics Cards. Caveat 1: Escape from Tarkov is a video game and, at least for us players, not a business. Many video game players are completionists, and I will not begrudge anyone who wants to max out every single part of their hideout because it will feel like an achievement. This guide discusses the impact of bitcoin farming on your PMC's wallet. If you find utility in maxing out the bitcoin farm for the feeling of completion then you should do it and probably just close this guide and not worry about it. Caveat 2: This guide will not address people who hatchet run or pistol run to put graphics cards in their secure container that will usually end up being non-FIR. There are too many variables (spawn rate, survival rate, replacement value of just doing normal Tarkov raids instead of hatchet runs) to do a decent analysis. If you end up with non-FIR graphics cards you should put them in your Bitcoin Farm. Analysis: The formula for bitcoin generation is as follows:
Let's simplify some unnecessary constants and make this look more like a normal mathematical function. All we have to do is multiply (1/49) * (0.15) to get this, which is equivalent and much easier to understand:
Building the empty bitcoin generator: ~300k roubles
Graphics Card Cost: ~250k roubles
Bitcoin sale price to Therapist: ~150k roubles
Caveat 3: Prices may change, blah blah blah, unless the IRL bitcoin market crashes the conclusions from this guide will still be accurate for the most part. I will also note that I'm not going to include the cost for fuel needed for production. Because you can craft expeditionary fuel into mag boxes, as well as do other crafts on your workbench and med station while you have the power on, this cost is negligible. Furthermore, since my thesis is that putting more graphics cards in is not worth it, the fact is that I can prove this mathematically without even accounting for the entire cost category of fuel only strengthens my argument. Using these assumed prices, let's take a look at some different cases. Case 1: Building a Bitcoin Generator and putting a single graphics card in. To calculate cost, we add the cost of building the empty generator (300k) to the single graphics card (250k) to get 550k rouble investment. Lets calculate revenue using our formula before:BTC Generated per Hour = 0.05 + 0.003 * (Graphics Cards - 1)BTC Generated per Hour = 0.05 + 0.003 * (1 Graphics Cards - 1)BTC Generated per Hour = 0.05 + 0.003 * (0)BTC Generated per Hour = 0.05 So we're generating 5% of a bitcoin every hour which means we'll get a bitcoin from our farm every 20 hours. So, every 20 hours we are generating a product worth ~150k. Since we invested ~550k we need to sell: 550k investment / 150k roubles per bitcoin = 3.66 physical bitcoins in order to recoup our investment Since we can't harvest bitcoins until they are full, we actually need to wait until we get 4 bitcoins at which point we'll be making a slight profit. Generating 4 bitcoins will take 4 bitcoins * 20 hours per bitcoin = 80 hours or a little more than 3 days. Case 2: Adding a second graphics card to our bitcoin farm. Now, as discussed above I'm not worried about non-FIR graphics cards that you hatchet ran to find. If you have an FIR graphics card then you can sell it on the flea market for the 250k price that I'm using as an assumption above. This concept is called opportunity cost and if you don't understand it I will troll you in the comments: Putting an FIR graphics card into your bitcoin farm is the same as purchasing one off of the flea market and putting it in your bitcoin farm because you had the opportunity to just sell your FIR graphics card for the same price that you can buy it. With that out of the way, let's do some math on our 2 graphics card bitcoin farm: BTC Generated per Hour = 0.05 + 0.003 * (Graphics Cards - 1)BTC Generated per Hour = 0.05 + 0.003 * (2 Graphics Cards - 1)BTC Generated per Hour = 0.05 + 0.003 * 1BTC Generated per Hour = 0.053 So, for the cost of 250k roubles we have increased our bitcoin per hour generation by 0.003. The first graphics card that we added to our bitcoin farm generates us one bitcoin every 20 hours, as discussed above. The second graphics card that we added to our bitcoin farm generates 0.003 bitcoins per hour. To calculate how many hours this takes to get 1 bitcoin we do the math of 1 / 0.003 = 333.33 hours. 333.33 hours / 24 hours per day is 13.88 or roughly 14 days. In order to recoup our investment from the 250k roubles we used to get our second graphics card we divide 250k roubles invested by 150k roubles per bitcoin = 1.66 bitcoins. We generate one bitcoin every 14 days, so we can multiply 14 days * 1.66 bitcoins = 23 days. This math will hold true for every additional graphics card because the function is linear. Thus, the payback period for your 250k investment in adding a graphics card past the first one to your bitcoin farm is 23 days. To reiterate: The FIRST graphics card you put in your bitcoin farm generates a bitcoin every 20 hours. Every additional graphics card you put in your bitcoin farm generates a bitcoin every 333.33 hours.
Good morning once again! This listing is for items that did not sell during the October 11 Auction (most likely due to BP/fees, or maybe just because the "right" buyer didn't see the auction, who knows) - so you can buy anything you want right here and right now - no buyer's premiums, no additional fees - JUST DISCOUNTS ON EVERYTHING: *FREE shipping for any order over $100. *All the Graded/Slabbed Coins are available at 30% off the listed price guide (which should be accurate, was checked about a month ago.) *Any Sterling Silver non-coin item will be available at MELT (plus shipping.) *EVERYTHING ELSE is 10% off the listed start price. Each lot was individually imaged (front and back) for the auction - so the easiest way for you to see exactly what you're buying is to visit the auction link (the auction is over, so I'm not advertising anything different or advertising an upcoming auction) - so here that is: https://www.auctionzip.com/auction-catalog/HTF-Coins-Silver,-US,-Foreign-more_FYWN25UAV6?page=0&searchWithAll=&size=200&sort= Here is the required "prove you still have the stuff" photo with the username card and today's date: PHOTO Payment: PayPal. I do not have Venmo/Zello/Bitcoin or any other form of digital payment at this time. No notes if using PPFF, please. Thank you. Shipping: I will charge you what it costs me for the USPS label rounded up to the nearest dollar. For First Class that is usually $4, for USPS Priority Mail Flat Rate Small Box it will be $9. I will get you a tracking number right after payment is received and will get your package scanned into the USPS system within 24 hours of receipt of payment. I will offer "Risky Shipping" (via stamped greeting card)at my discretionfor $1 - for single, small coins ONLY.NOTE: These prices are for Continental US shipping only - if you live outside the continental US, shipping will be more expensive. I am still happy to do it under the same rules as above, but just keep in mind it's going to cost more. What do YOU need to do to buy coins from this group: send me a list of which lots you want (for example, I want to buy lots # 51, 52, 53, 54, 55) and I will send you a total. There are too many coins here (plus there are duplicates) so I cannot look up the coins you want by description - just give me lot numbers and it will be much simpler. I'd like to make a simple and polite request - if I have sent you my PayPal information (meaning we've agreed to a deal) please finish it up as soon as you can so I can check you off the list and move on to the next person. This helps make sure you get all the coins we discussed and no one else is in limbo. I will do my absolute best to update the ad as soon as lots sell.
11 1973 Proof Set $9.00 12 1973 Proof Set $9.00 13 1974 Proof Set $9.00 15 1975 Proof Set $9.00 17 1975 Proof Set $9.00 18 1975 Proof Set $9.00 19 1975 Proof Set $9.00 20 1975 Proof Set $9.00 21 1975 Proof Set $9.00 22 1975 Proof Set $9.00 23 1975 Proof Set $9.00 24 1975 Proof Set $9.00 25 1975 Proof Set $9.00 26 1975 Proof Set $9.00 27 1976 Proof Set $9.00 28 1976 Proof Set $9.00 29 1977 Proof Set $6.00 30 1977 Proof Set $6.00 31 1977 Proof Set $6.00 32 1977 Proof Set $6.00 33 1978 Proof Set $6.00 34 1978 Proof Set $6.00 35 1978 Proof Set $6.00 36 1978 Proof Set $6.00 37 1978 Proof Set $6.00 38 1975 Proof Set $9.00 51 Toner US Type Set 1 $55.00 52 Toner US Type Set 2 $30.00 53 Toner US Type Set 3 $30.00 54 1949 S Franklin Half UNC KEY DATE $40.00 55 1949 S Franklin Half UNC KEY DATE $40.00 59 1949 S Franklin Half UNC KEY DATE $40.00 60 1976 D Eisenhower Dollar UNC MINT CELLO $4.00 64 1977 D Eisenhower Dollar UNC MINT CELLO $4.00 65 Toner US Type Set 4 $25.00 66 Toner US Type Set 5 $30.00 67 1953 D Franklin Half UNC FULL BELL LINES $25.00 68 Toner US Type Set 6 $65.00 70 1936 Mercury Dime Doubled Die Obverse HIGH GRADE $30.00 73 1955 Roosevelt Dime UNC TONED $8.00 75 1955 S Roosevelt Dime UNC TONED $5.00 76 1955 S Roosevelt Dime UNC TONED $5.00 78 World Silver - Canada 1913 25 Cents $5.00 80 1956 Roosevelt Dime UNC TONED $8.00 81 1958 D Roosevelt Dime UNC TONED $5.00 83 1964 Roosevelt Dime UNC TONED $3.00 84 1964 Roosevelt Dime UNC TONED $3.00 85 World Silver - Canada 1906 10 Cents $3.00 89 1928 S/S Standing Liberty Quarter Rainbow Toned $20.00 90 1974 D Eisenhower Dollar UNC MINT CELLO $4.00 94 France - 1865 BB 5 Centimes $1.00 95 Illinois Governer Otto Kerner Inauguration Medal $4.00 96 1928 S "Inverted MM" Standing Liberty Quarter $35.00 113 Type Coin Lot $50.00 114 50 Indian Head Cents, Mixed Dates & Conditions $40.00 115 50 Indian Head Cents, Mixed Dates & Conditions $40.00 116 50 Indian Head Cents, Mixed Dates & Conditions $40.00 117 75 Indian Head Cents, Mixed Dates & Conditions $60.00 154 1958 Type B Washington Quarter UNC $12.00 156 1956 Washington Quarter UNC RAINBOW TONED $15.00 158 Denmark - 1921 5 Ore $2.00 159 1968 D Kennedy Half UNC TONED $10.00 160 1958 Type B Reverse Washington Quarter UNC $15.00 162 1959 Type B Reverse Washington Quarter UNC $12.00 163 1959 Type B Reverse Washington Quarter UNC TONED $15.00 166 1960 Type B Reverse Washington Quarter UNC $12.00 167 1960 Type B Reverse Washington Quarter UNC $12.00 170 1875 Indian Head Cent $3.00 171 1963 Type B Reverse Washington Quarter UNC TONED $15.00 172 1963 Type B Reverse Washington Quarter UNC TONED $15.00 173 1964 Kennedy Half Mint Clip Error $15.00 175 1964 D Washington Quarter UNC TONED $12.00 179 Stag Beer Wooden Nickel "Fair on the Square" $1.00 180 The TV Shop Slidell, LA One Wooden Buck $1.00 185 St Helena - 1981 25 Pence (Crown Sized) $3.00 190 1996 D Kennedy Half UNC MINT CELLO $2.00 191 State of Missouri Sesquicentennial Medal $2.00 193 State of Missouri Sesquicentennial Medal $2.00 194 State of Missouri Sesquicentennial Medal $2.00 199 1974 D Kennedy Half Dollar DDO UNC $35.00 200 Star Wars Episode III Limited Edition Token/Medal $3.00 253 1978 D Kennedy Half Dollar UNC from Mint Set GEM BU TONED $40.00 255 World Silver - Switzerland 1953 1/2 Franc $3.00 256 1979 Kennedy Half Dollar UNC from Mint Set GEM BU TONED $15.00 257 1986 D Kennedy Half Dollar UNC from Mint Set GEM BU TONED $30.00 258 1986 D Kennedy Half Dollar UNC from Mint Set GEM BU TONED $15.00 259 1954 S Washington Quarter UNC $15.00 260 1957 Washington Quarter UNC TONED $15.00 261 1963 Type B Reverse Washington Quarter UNC TONED $30.00 262 1999 D Kennedy Half Dollar UNC from Mint Set GEM BU PROOFLIKE $10.00 265 Panama - 1975 Proof 5 Centesimos in OGP cello $1.00 266 1971 D Eisenhower Dollar "Talon Head" Obverse Die Clash / "Moon Line" Reverse Die Clash UNC TONED $20.00 269 Maybrook NY Golden Jubilee Good For 10 Cent Wooden Nickel $1.00 270 Maybrook NY 1975 Golden Jubilee 25 Cent Wooden Nickel $1.00 271 World Silver - Australia 1939 Sixpence $4.00 272 1974 Eisenhower Dollar UNC RAINBOW TONED $20.00 274 1957 Type B Reverse Washington Silver Quarter (starts at melt) $5.00 275 1974 D Eisenhower Dollar UNC RAINBOW TONED $15.00 276 World Silver - Australia 1920 Shilling $8.00 277 1959 Type B Reverse Washington Silver Quarter (starts at melt) $5.00 278 2010 S Buchanan Presidential Golden Dollar from Proof Set with Doubled Edge Lettering $10.00 279 1960 Type B Reverse Washington Silver Quarter (starts at melt) $5.00 280 World Silver - Australia 1943 Shilling $8.00 281 1961 Type B Reverse Washington Silver Quarter (starts at melt) $5.00 282 2011 S Johnson Presidential Golden Dollar from Proof Set with Doubled Edge Lettering $10.00 286 1963 Type B Reverse Washington Silver Quarter (starts at melt) $5.00 287 1983 Lincoln Cent DDO FS-101 $40.00 288 1964 Type B Reverse Washington Silver Quarter (starts at melt) $5.00 289 1983 Lincoln Cent DDO UNC $40.00 290 1983 Lincoln Cent DDO UNC GEM BU $75.00 291 1964 D Washington Silver Quarter UNC TONED $10.00 292 2000 "Wide AM" Lincoln Cent UNC $20.00 293 1960's Terre Haute, IN Sesquicentennial Wooden Nickel $1.00 294 .999 Silver 1 oz MLB Mike Piazza Limited Edition Silver Proof Round $30.00 295 1964 "The American Indian - America's First Pioneer" 1 oz .999 Silver Round $30.00 296 "Winter Scenes" Sterling Silver Art Round $25.00 297 Illinois "Illiniwek" Mascot Sterling Silver Art Round TONED $25.00 298 1982 Buffalo NY Sesquicentennial Wooden Nickel $1.00 299 1958 Type B Reverse Washington Silver Quarter (starts at melt) $5.00 300 1959 Type B Reverse Washington Silver Quarter (starts at melt) $5.00 351 1960 Type B Reverse Washington Silver Quarter (starts at melt) $5.00 352 Denmark - 1950 5 Ore KEY DATE $25.00 353 1961 Type B Reverse Washington Silver Quarter (starts at melt) $5.00 357 1990 Rappahannock Area Coin Club Wooden Nickel $1.00 359 1962 Type B Reverse Washington Silver Quarter (starts at melt) $5.00 360 Old Time Wooden Nickel Co Support Our Troops Wooden Nickel $1.00 361 1963 Type B Reverse Washington Silver Quarter (starts at melt) $5.00 362 Switzerland - 1874 B 5 Rappen $40.00 363 1964 Type B Reverse Washington Silver Quarter (starts at melt) $5.00 366 1957 Type B Reverse Washington Silver Quarter (starts at melt) $5.00 368 1958 Type B Reverse Washington Silver Quarter (starts at melt) $5.00 370 1959 Type B Reverse Washington Silver Quarter (starts at melt) $5.00 371 Great Britain - 1920 1/2 Crown NICE $60.00 372 New Zealand - 1942 1/2 Crown $35.00 373 1960 Type B Reverse Washington Silver Quarter (starts at melt) $5.00 374 Sudan - 1972 50 Ghirsh UNC $4.00 375 1961 Type B Reverse Washington Silver Quarter (starts at melt) $5.00 377 Clear Lake, IA Perkins Wooden Nickel $1.00 378 Lake of the Woods 40th Anniversary Bimetallic Token $1.00 379 1962 Type B Reverse Washington Silver Quarter (starts at melt) $5.00 380 Great Britain - 1981 25 New Pence UNC $3.00 383 Guyana - 1970 1 Dollar UNC $3.00 384 New Zealand - 1953 1 Crown $5.00 385 Illawarrra Numismatic Association Membership Discount Wooden Nickel Token $1.00 386 San Juan Quality Royale Casino Token $1 Face Value $2.00 388 Artisan Silverworks Temecula, CA Wooden Nickel $1.00 390 1963 Type B Reverse Washington Silver Quarter (starts at melt) $5.00 393 Netherlands East Indies - 1945 S 1 Cent UNC $2.00 394 1964 Type B Reverse Washington Silver Quarter (starts at melt) $5.00 395 1957 Type B Reverse Washington Silver Quarter (starts at melt) $5.00 396 Netherlands Antilles - 1965 2.5 Cents UNC TONED $10.00 397 Virginia Numismatic Association Encased Cent $3.00 398 Netherlands - 1921 1/2 Cent BETTER DATE $3.00 399 Netherlands - 1922 1/2 Cent BETTER DATE $5.00 400 1958 Type B Reverse Washington Silver Quarter (starts at melt) $5.00 451 1959 Type B Reverse Washington Silver Quarter (starts at melt) $5.00 452 Belgium - 1902 1 Centime $1.00 453 Netherlands Antilles - 1959 1 Cent UNC $4.00 454 Belgium - 1901 1 Centime $2.00 455 Canada - 1930 5 Cents NICE $8.00 456 Canada - 1930 5 Cents NICER $10.00 458 Canada - 1948 5 Cents $1.00 461 Barbados - 1973 Proof 5 Cents in OGP $1.00 462 Barbados - 1973 Proof 1 Dollar in OGP $1.00 463 Barbados - 1973 Proof 25 Cents in OGP $1.00 464 Barbados - 1973 Proof 10 Cents in OGP $1.00 465 World Silver - Canada 1882 H Ten Cents $10.00 466 World Silver - Canada 1886 Ten Cents $15.00 467 2009 P Lincoln Cent "Formative Years" Doubled Die Reverse Book High UNC $2.00 469 Trinidad & Tobago - 1973 Proof 10 Cents in OGP $1.00 470 World Silver - Canada 1899 Ten Cents $8.00 471 Trinidad & Tobago - 1973 Proof 1 Cent in OGP $1.00 472 British Virgin Islands - 1974 Proof 10 Cents in OGP cello $1.00 473 Trinidad & Tobago - 1973 Proof 50 Cents in OGP $1.00 474 World Silver - Canada 1908 Ten Cents $4.00 476 British Virgin Islands - 1973 Proof 1 Cent in OGP $1.00 477 Netherlands - 1906 1 Cent NICE $1.00 478 British Virgin Islands - 1973 Proof 25 Cents in OGP $1.00 479 1961 Type B Reverse Washington Silver Quarter (starts at melt) $5.00 480 Barbados - 1980 Proof 25 Cents in OGP cello $1.00 481 1962 Type B Reverse Washington Silver Quarter (starts at melt) $5.00 482 Panama - 1976 Proof 5 Centesimos in OGP cello $1.00 483 Panama - 1976 Proof 10 Centesimos in OGP cello $1.00 484 Netherlands - 1912 1/2 Cent NICE $3.00 485 1963 Type B Reverse Washington Silver Quarter (starts at melt) $5.00 486 1964 Type B Reverse Washington Silver Quarter (starts at melt) $5.00 488 Netherlands East Indies - 1921 1/2 Cent NICE KEY DATE $12.00 490 British Virgin Islands - 1974 Proof 1 Cent in OGP $1.00 491 Denmark - 1920 10 Ore Doubled Die Obverse (date) $5.00 492 India - 2010 10 Rupees UNC $1.00 494 British Virgin Islands - 1974 Proof 5 Cents in OGP cello $1.00 495 France - 1946 C 5 Francs $3.00 497 World Silver - Canada 1874 H 25 Cents $8.00 498 British Virgin Islands - 1974 Proof 10 Cents in OGP $1.00 499 France - 1952 5 Francs KEY DATE $10.00 500 France - 1946 5 Francs $1.00 551 Switzerland - 1906 1 Rappen BETTER DATE $10.00 552 World Silver - Switzerland 1963 1 Franc NICE $5.00 553 Switzerland - 1902 2 Rappen KEY DATE FIRST YEAR $15.00 554 Panama - 1975 Proof 1 Centesimo in OGP $2.00 555 Panama - 1975 Proof 10 Centesimos in OGP $3.00 556 Panama - 1976 Proof 10 Centesimos in OGP $2.00 557 Switzerland - 1910 2 Rappen BETTER DATE $10.00 558 2009 P Lincoln Cent "Formative Years" Doubled Die Reverse Book Low UNC $2.00 559 Panama - 1975 Proof 25 Centesimos in OGP $2.00 561 Panama - 1975 Proof 5 Centesimos in OGP $2.00 562 Panama - 1976 Proof 5 Centesimos in OGP $4.00 568 Panama - 1974 Proof 5 Centesimos in OGP cello $1.00 570 France - 1889 A 5 Centimes $1.00 572 Panama - 1973 Proof 1/10 Balboa in OGP $1.00 573 France - 1854 D 5 Centimes $1.00 574 Barbados - 1973 Proof 1 Cent $1.00 575 Panama - 1973 Proof 1/4 Balboa in OGP $1.00 576 France - 1862 K 5 Centimes $1.00 577 1934 Washington Quarter Medium Motto NICE $15.00 579 Liberia 1941 2 Cents NICE $6.00 580 World Silver - Denmark 1874 25 Ore $6.00 581 Liberia - 1974 Proof 5 Cents in OGP $1.00 583 France - 1856 BB 5 Centimes $1.00 584 Liberia - 1974 Proof 10 Cents in OGP $1.00 585 Mexico Mint Set 1965 (includes silver) $5.00 587 Mexico Mint Set Mixed Dates (includes silver) $5.00 588 France - 1863 K 5 Centimes $2.00 590 France - 1855 D 5 Centimes $1.00 593 France - 1854 K 5 Centimes $1.00 594 Bahamas - 1970 Proof 1 Cent in OGP $1.00 595 France - 1853 D 10 Centimes $1.00 596 France - 1856 K 10 Centimes $1.00 599 France - 1854 W 10 Centimes $1.00 600 2009 P Lincoln Cent "Formative Years" Doubled Die Reverse Book Low UNC $2.00 651 2009 P Lincoln Cent "Formative Years" Doubled Die Reverse Book Low UNC $2.00 652 2009 P Lincoln Cent "Formative Years" Doubled Die Reverse Book Low UNC $2.00 653 2009 P Lincoln Cent "Formative Years" Doubled Die Reverse 012 UNC $2.00 654 2009 P Lincoln Cent "Formative Years" Doubled Die Reverse 012 UNC $2.00 655 2009 P Lincoln Cent "Formative Years" Doubled Die Reverse 012 UNC $2.00 658 World Silver - Austria - 1868 10 Kreuzer $2.00 660 World Silver - Canada 1916 25 Cents $6.00 661 Greece - 1959 10 Drachmai UNC $10.00 663 World Silver - Canada 1921 25 Cents $8.00 664 World Silver - Canada 1921 25 Cents $8.00 666 2009 P Lincoln Cent "Formative Years" Doubled Die Reverse 001 UNC $2.00 667 2009 P Lincoln Cent "Formative Years" Doubled Die Reverse 002 UNC $2.00 670 Barbados - 1973 Proof 1 Cent and 5 Cents in OGP (two coins) $1.00 671 Barbados - 1973 Proof 10 Cents and 25 Cents in OGP (two coins) $1.00 672 Cayman Islands - 1974 Proof 5 Cents and 10 Cents in OGP (two coins) $1.00 673 Bahamas - 1973 and 1974 Proof 1 Cents in OGP (two coins) $1.00 674 Bahamas - 1973 and 1974 Proof 5 Cents in OGP (two coins) $1.00 675 Switzerland - 1921 10 Rappen NICE $8.00 676 Switzerland - 1936 2 Rappen KEY DATE $5.00 677 World Silver - Switzerland 1955 1/2 Franc BETTER DATE $4.00 679 1982 Silver Proof George Washington Commemorative Half Dollar in OGP $11.00 680 1982 Silver Proof George Washington Commemorative Half Dollar in OGP $11.00 681 1982 Silver Proof George Washington Commemorative Half Dollar in OGP $11.00 682 1982 Silver Proof George Washington Commemorative Half Dollar in OGP $11.00 684 World Silver - Saint Thomas & Prince Island (Sao Tome et Principe) 1951 2 1/2 Escudos LOW MINTAGE $25.00 685 1986 Proof 2 CoinStatue of Liberty Set (Silver Dollar and Clad Half) in OGP $22.00 686 1986 Proof 2 CoinStatue of Liberty Set (Silver Dollar and Clad Half) in OGP $22.00 687 Bahamas - 1976 Proof 25 Cents in OGP $1.00 689 Two French Notgeld Tokens $2.00 690 1986 Proof 2 CoinStatue of Liberty Set (Silver Dollar and Clad Half) in OGP $22.00 691 Two French Notgeld Tokens $2.00 692 1986 Proof 2 CoinStatue of Liberty Set (Silver Dollar and Clad Half) in OGP $22.00 693 Mexico - 1954 5 Centavos UNC $3.00 694 World Silver - Japan 1932 50 Sen $6.00 695 Mexico - 1966 20 Centavos UNC $5.00 696 1986 Silver Proof Statue of Liberty Dollar in OGP $20.00 697 World Silver - Canada 1929 10 Cents $3.00 698 1986 Silver Proof Statue of Liberty Dollar in OGP $20.00 699 Mexico - 1973 20 Centavos UNC $6.00 700 World Silver - Canada 1948 10 Cents $3.00 751 1986 Silver Proof Statue of Liberty Dollar in OGP $20.00 752 Mexico - 1955 5 Centavos $1.00 753 Mexico - 1955 5 Centavos $1.00 755 Canada - "Heads and Tails" RCM Mint Booklet with 1968 Mint Set $5.00 756 Four Canada 1991 UNC Cents (4 coins) in OGP CELLO $1.00 757 Four Canada 1991 UNC 5 Cents (4 coins) in OGP CELLO $1.00 759 Four Canada 1991 UNC 10 Cents (4 coins) in OGP CELLO $2.00 760 Philippines - 1975 Proof 10 Cents in OGP $1.00 761 Nepal 1974 Proof Set LOW MINTAGE $3.00 762 Philippines - 1975 Proof 5 Cents in OGP $1.00 766 Four Canada 1991 UNC 50 Cents (4 coins) in OGP CELLO $4.00 767 Four Canada 1991 UNC 1 Dollar (4 coins) in OGP CELLO $7.00 768 Belize 1974 Uncirculated Specimen Set in OGP $25.00 771 Jamaica - 1976 Proof 1 Cent in OGP $1.00 773 1961 Silver Proof Washington Quarter DEEP CAMEO $10.00 774 1964 D Washington Quarter UNC TONED $8.00 775 1961 Silver Proof Washington Quarter DEEP CAMEO $10.00 776 1974 P Kennedy Half Dollar UNC MINT CELLO $2.00 777 Poland - 2014 2 Zlotych UNC $2.00 778 Two Mixed World Coins $1.00 779 1959 Silver Proof Washington Quarter DEEP CAMEO $10.00 780 1956 Silver Proof Washington Quarter $6.00 781 1956 Silver Proof Washington Quarter $6.00 782 Two Mixed Tokens $1.00 783 1976 P Kennedy Half Dollar UNC MINT CELLO $2.00 785 1956 Silver Proof Washington Quarter $6.00 787 1941 S "Large S" Lincoln Wheat Cent $1.00 789 1953 Silver Proof Washington Quarter NICE $20.00 794 2011 S Silver Proof Glacier Quarter $6.00 795 St Pierre & Miquelon - 1948 1 Franc UNC $8.00 796 2013 S Silver Proof Great Basin Quarter $6.00 800 1995 Lincoln Cent Doubled Die Obverse $20.00 851 1971 Lincoln Memorial Cent NGC MS67RD (Price Guide $195) 852 1971 Jefferson Nickel NGC MS66 6FS (Price Guide $125) 853 1946 S Roosevelt Dime NGC MS67FT (Price Guide $95) 854 World Silver - Egypt AH1293 (Year 10; 1884) 10 Qirsh $12.00 856 1965 Roosevelt Dime NGC MS67 FULL TORCH (Price Guide $750) 857 1965 Washington Quarter NGC MS66 (Price Guide $30) 858 1971 Washington Quarter NGC MS66 (Price Guide $50) 859 1971 D Washington Quarter NGC MS67 (Price Guide $65) 860 1963 D Franklin Half Dollar NGC MS65 FULL BELL LINES (Price Guide $190) 861 1971 D Kennedy Half Dollar NGC MS67 (Price Guide $120) 862 1971 P Eisenhower Dollar NGC MS65 (Price Guide $80) 863 1825 Half Cent NGC VG10BN (Price Guide $85) 864 1939 S Jefferson Nickel PCGS MS65 Rev 1940 (Price Guide $90) 865 1943 P Silver Jefferson Nickel DDO (Doubled Eye) NGC XF45 (Price Guide $75) 866 1941 D Jefferson Nickel NGC MS66 5 Full Steps (Price Guide $40) 867 1941 D Jefferson Nickel NGC MS67 5 Full Steps (Price Guide $175) 868 2011 S Silver Proof Chickasaw Quarter $6.00 869 2013 S Silver Proof White Mountain Quarter $6.00 870 1943 D Jefferson Nickel Old NGC MS67 (Price Guide $90) 871 1956 D Jefferson Nickel NGC MS65 TONED (Price Guide $20) 872 1956 D Jefferson Nickel NGC MS65 TONED (Price Guide $20) 873 1958 Proof Jefferson Nickel NGC PF69 (Price Guide $110) 874 1978 D Jefferson Nickel NGC MS66 5 Full Steps (Price Guide $60) 875 1945 S Micro S Mercury Dime NGC MS66 (Price Guide $140) 876 1946 S/S Washington Quarter RPM-002 NGC MS65 (Price Guide $75) 877 1946 S/S Washington Quarter RPM-002 NGC MS65 (Price Guide $75) 878 1947 S/S Washington Quarter RPM-001 NGC MS66 (Price Guide $285) 879 1950 Washington Quarter DDR NGC MS66 (Price Guide $150) 880 1957 Washington Quarter Type B Reverse PCGS MS66 (Price Guide $110) 881 1958 Washington Quarter Type B Reverse NGC MS65 (Price Guide $100) 882 2013 S Silver Proof Fort McHenry Quarter $6.00 883 1959 Washington Quarter Type B Reverse NGC MS64 (Price Guide $40) 884 1959 Washington Quarter Type B Reverse NGC MS64 (Price Guide $40) 885 1959 Washington Quarter Type B Reverse NGC MS64 (Price Guide $40) 886 Canada - 1962 "Hanging 2" 1 Cent UNC $8.00 887 1959 Washington Quarter Type B Reverse NGC MS65 (Price Guide $55) 888 1959 Washington Quarter Type B Reverse NGC MS65 (Price Guide $55) 889 1959 Washington Quarter Type B Reverse NGC MS65 (Price Guide $55) 890 1959 Washington Quarter Type B Reverse NGC MS65 (Price Guide $55) 891 1959 Washington Quarter Type B Reverse NGC MS65 (Price Guide $55) 892 1960 Washington Quarter Type B Reverse NGC MS65 (Price Guide $65) 893 1960 Washington Quarter Type B Reverse NGC MS64 (Price Guide $50) 894 1960 Washington Quarter Type B Reverse NGC MS64 (Price Guide $50) 896 1960 Washington Quarter Type B Reverse NGC MS65 (Price Guide $65) 897 1960 Washington Quarter Type B Reverse NGC MS65 (Price Guide $65) 898 1960 Washington Quarter Type B Reverse NGC MS65 (Price Guide $65) 899 1962 Washington Quarter Type B Reverse PCGS MS65 (Price Guide $110) 951 1963 Washington Quarter Type B Reverse PCGS MS65 (Price Guide $130) 952 1963 Washington Quarter Type B Reverse NGC MS65 (Price Guide $130) 953 Philippines - 1944 D/D 20 Centavos NGC AU58 RARE Variety (Priced at $55) 954 1942 Walking Liberty Half DDR NGC AU58 (Price Guide $100) 955 1942 Walking Liberty Half DDR PCGS MS67 GEM (Price Guide $6,000) 956 1953 D Franklin Half Bugs Bunny PCGS MS64FBL (Price Guide $170 957 1954 D Franklin Half Bugs Bunny PCGS MS64FBL (Price Guide $100) 958 1954 D Franklin Half Bugs Bunny PCGS MS64FBL (Price Guide $100) 960 1974 D Kennedy Half DDO PCGS AU58 (Price Guide $35) 961 1977 D Kennedy Half DDO NGC AU58 (Price Guide $175) 962 1977 D Kennedy Half DDO NGC AU58 (Price Guide $175) 963 1977 D Kennedy Half DDO NGC MS61 (Price Guide $250) 964 1977 D Kennedy Half DDO NGC MS62 (Price Guide $350) 965 1977 D Kennedy Half DDO ANACS MS63 (Price Guide $100) 966 1977 D Kennedy Half DDO NGC MS65 (Price Guide $250) 967 1977 D Kennedy Half DDO NGC MS65 (Price Guide $250) 968 1885 O Morgan Dollar NGC MS63 TONED (Priced at $100 due to toning) 969 Sterling Silver Cup Engraved "Johnny" 53.3 grams 971 Sterling Silver Cigarette Case Engraved "CML" 67.5 grams 972 2010 S Silver Proof Mount Hood Quarter $6.00 974 2011 S Silver Proof Olympic Quarter $6.00 976 2010 S Silver Proof Yosemite Quarter $6.00 977 1964 D Washington Quarter BU NICE $5.00 978 1959 D Washington Quarter BU NICE $5.00 979 Sterling Silver Tongs 19.1 grams 980 Sterling Silver Tongs 19.0 grams 981 1984 P Kennedy Half Dollar UNC MINT CELLO $2.00 982 1979 P Kennedy Half Dollar UNC MINT CELLO $2.00 983 1959 D Washington Quarter BU NICE $5.00 984 1959 D Washington Quarter BU NICE $5.00 985 France - 1919 10 Centimes NICE $2.00 986 1953 S Silver Washington Quarter NICE $8.00 987 France - 1945 C 5 Francs $2.00 988 France - 1945 C 5 Francs $2.00 989 Sterling Silver Spoon Engraved "Eugene 1892" 10.0 grams 990 France - 1946 C 5 Francs $3.00 991 France - 1946 C 5 Francs $3.00 992 France - 1946 C 5 Francs $3.00 993 France - 1946 C 5 Francs $3.00 994 1964 D Washington Quarter BU NICE $5.00 995 Sterling Silver Spoon Engraved "1893" 10.0 grams 998 1964 Washington Quarter BU NICE $5.00 999 1962 Washington Quarter BU NICE $5.00
Discovery World gets a lifeline from its chairman... shareholders get diluted (Friday, Oct 23)
Happy Friday, Barkada --
The PSE closed up 66 points to 6345 ▲1.1%.
The PSE has had a nice little 7.5% run the past 5 trading days, let's see how the week closes out. Remember, Converge IPO is on Tuesday! Shout-out to all the bitcoin hodlers out there. The recent run-up in price (up over US$13k today) must feel nice after Paypal announced it would incorporate crypto transactions into its payment platform (after being anti-crypto for a very very long time). Happy weekend!
[NEWS] Discovery World Corp [DWC 1.90 ▲18.75%] raises P304m in private share sale... the announcement of the sale was made before the start of trading yesterday, so the stock was halted for one hour to give traders a chance to digest the news. DWC develops, owns, and operates luxury resorts, like Discovery Shores Boracay and other resorts in Coron and Palawan. DWC sold 190m shares to “JT Perle Corp” for P1.60/share (the previous closing price). The shares came out of DWC’s authorized (but unissued) capital stock. DWC plans to use the proceeds of the sale for “working capital”. According to PSE rules, since the sale results in JT Perle Corp owning more than 10% of the outstanding shares of DWC, the deal must be approved by a vote of shareholders; DWC has arranged a special shareholders’ meeting on November 26 to approve the transaction and satisfy that rule.
MB:“JT Perle” is owned by the chairman of DWC, John Tiu, so this looks a lot like helping a cash-strapped corp keep the lights on during a pandemic than any kind of value-building strategic partnership. The DWC stock price has been depressed by the COVID crisis but not to the degree that one would anticipate for a luxury tourism-focused company during a pandemic. In fact, news of this investment by Tiu shot the stock up 18% to P1.90/share, a level that it hasn’t seen since literally the first weeks of the lockdown. There’s not a lot of volume here so the price action has a ton of noise and not a lot of signal, but it will be interesting to see how DWC deploys this fresh batch of funding. I’m going to look closely at DWC’s Q3 earnings.
[NOTE] A stock sale of “authorized but unissued stock” is dilutive... a sale like the one above, where DWC’s chairman, John Tiu, bought 190 million shares of DWC from DWC’s “authorized but unissued stock” is a dilutive transaction. “Authorized” stock just means that the theoretical existence of the stock has already been built into the legal documents of the company; stock that is authorized, but unissued, doesn’t factor into anything like dividends, or voting, or anything of that sort. It just acts as a warehouse of unsold stock that the company COULD issue and put into circulation in order to raise money. Once the stock is sold, it is converted from “authorized but unissued” to “authorized and issued”, and the number of shares that were sold/issued are added to the stock’s issued and outstanding shares.
MB:This kind of transaction is dilutive. For the sake of a simple example, say XYZ Inc has only two shareholders, John Tiu and you. XYZ has legal documents that authorize 20 common shares, but only 10 of XYZ’s shares have actually been sold and issued. John owns 5, and you own 5. You each own 50% of XYZ’s shares. Then, John makes a deal with XYZ Inc to buy an additional 5 shares out of XYZ’s 10 shares authorized-but-unissued stock. Since these shares act as “new” shares, their issuance adjusts the relative ownership of the company. Now John owns 10 shares, for 66% of the company, and you own 5 shares, for 33% of the company. That’s dilution. Your relative economic and voting power went down. That’s what just happened to DWC shareholders, and they loved it.
[NEWS] Rockwell Land [ROCK 1.52 ▲0.66%] signs JV with TGN Realty to develop “Rockwell North”... the Lopez Family’s real estate arm signed a joint venture agreement with the Nepomuceno Family’s TGN Realty to develop a 3.6 hectare plot of land in Angeles City, in Pampanga. The plan is for three residential towers, all surrounding a mall -- Rockwell’s first to be developed outside of the NCR. ROCK even indicated that the Angeles City development will be made in the spirit of the original Rockwell Center in Makati City.
MB:The residential side of the project is expected to raise P6.7 billion in sales, with turnover starting toward the end of next year. The development will eventually benefit from its proximity to the Clark International Airport and the North-South Commuter Railway that will connect Manila to Clark. From ROCK’s perspective, it’s probably just a lot safer to build outside of the NCR’s propensity to issue lockdowns and confusing/changing movement restriction orders, both in terms of preventing construction delays but also in terms of preventing mall shutdowns (and the related rent/lease squabbles).
[Q3] Belle Corp [BEL 1.47 ▲5.00%] profit ▼109% y/y... Q3/20 loss of P46m, down 109% from Q3/19 profit of P514m. According to the associated press release, BEL said that its 9-month revenue from its share of the City of Dreams in Manila, its “primary growth driver”, fell 86% because of the lockdown. BEL’s lottery operations also saw a substantial drop in revenues (down 71%), as did its real estate activities in the Tagaytay Highlands development.
MB:Like other companies that have too many eggs in the “luxury tourism and gaming” basket, BEL is suffering from being cut off from its mainland China cash cow. Revenues are not driven by local buyers, local bettors, or local tourists. It’s all targeting foreign customers from mainly China, but also Korea and Japan. These revenues will not come back until the wealthy feel comfortable enough with traveling to make overnight and weekend trips by international air travel palatable again. According to research, that recovery could be years away.
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So I'm looking through my old yearbooks, and I'm realizing that I missed out on a crucial part of my life: during high school, I was supposed to have a punk phase. I can't believe I missed it! It seemed like everyone was rocking their unruly hair, their unkempt clothes, and their general disaffection towards life. Man, Green Day released new records, and there was an unrelenting hatred for all types of authority figures... Wait, this is just a slab of concrete with newspaper articles from 2020 stapled to it, isn't it. Regardless, the universe is telling me it's time for me to reclaim my lost childhood experiences; to go back to a better time. Unfortunately, latent legal issues surrounding my controversial "BONG HiTS 4 JESUS" sign prevent me from going within 500 feet of any type of school, so winning the basketball championship and visiting the aquarium are right out. But I can still be the moodiest, edgiest, darkest person on the planet, and now that I've beaten Shadow the Hedgehog all the way through and went to Hot Topic, it's time to build a commander deck that's truly me. Presenting: RAMSESO V E R D A R K!
Ramses is the bad boy your mother would never let take you to IHOP. Not that he'd care; his business is killing, and he's efficient at it too, costing the least out of any commander I've ever written about. You want to sit around and drink tea with your little enchanted princess friends? Ramses Overdark is here to tell you how the real world works. Nothing personnel, kid.
Commander For You
Like a TI-83 Silver Edition, Ramses is a stone-cold calculating problem solver, but he only gets that way with some preparation. See, killing is a business, Ramses' business, and the one thing every business needs is synergy. So call me Nathan Fielder, because I'm going to unveil the plan that will keep this enterprise running smoothly:
Procure the payment.
Keep your friends close.
Keep your enemies closer.
Go to work.
As a teenager, I procrastinated from my task of being edgy by protesting government-backed financial institutions with the Bitcoin community, and one thing you learn there very quickly is that assassination ain't cheap. The first and most obvious barrier to breaking 18 U.S. Code § 1117 is his six mana casting cost, and unlike Gabriel, Ramses demands something a little more tangible than a green thumb to appease him. We're going to use the usual fare: rings, trinkets, stones, lockets, relics... archives... spheres? With you as an investor, Ramses' business (which is killing) will make a killing, letting us take full advantage of Revel in Riches as both a ramp tool and backup win condition. Ramses will also often require additional gas to keep going, whether it be finding a steady stream of enchantments to throw onto enemies, or to finding ways to close out games.
And don't forget about the artifacts that sacrifice themselves for cards: In a pinch, you can throw Curator's Ward onto them instead of Ramses.
Enchantment payoffs are few and far between in Dimir, so we're keeping this build a bit creature-light; but the ones we take with are absolutely vital for our success. While Ramses is no Cleopatra, he's still managed to form relationships with some important Greek allies:
Hateful Eidolon is another great draw engine. You're going to be enchanting enemy creatures constantly, so it'll be a steady stream of card advantage.
Protean Thaumaturge can transform into copies of anything on the board, and since you're usually targeting huge threats, he's straight value.
If you prefer just taking creatures instead of becoming them, Rootwater Matriarch is the mother everyone wants to follow, as she takes control of enemy enchanted creatures.
Man, she's way cooler than my mom. Incidentally, these control changing effects can go away, so lets include a sacrifice outlet, like Blasting Station.
Nighthowler is both the name of my new punk band and a decent Bestow creature. Cast it as a creature directly, or use it to build up Ramses' hit-list first.
Blightcaster lets you snipe less relevant creatures while you go for the big ones. I like saying "pew!" when I ping things. Please, take me seriously.
Grim Guardian is an Aristocrats-style payoff for enchantments, which is exactly the sort of talent Ramses' agents should be recruiting.
Rootwater Shaman gives your enchantments flash, making your targets subtle and you s n e a k y. Pretty sus, bro.
Agent of Erebos is repeatable graveyard exile, which isn't necessarily worth a slot but it pisses off Sandy, my Muldrotha-playing ex-wife.
Our deck only runs sixteen creatures, and while being a lone-wolf is edgy, it's not the type of edge I want to be. I feel like I'm a Halloween bobbing apple -- razor edgy; the type of edge that speaks to people, in the very depths of their soul, and causes them to rebel against the man. In the end, I will be so edgy that even those rotten adults will realize I'm right. Enchant opposing creatures with reanimation-on-death enchantments:
Once opposing creatures are enchanted with one of these Auras, they become juicy targets for Ramses, as killing them will put them into play under your control. Unfortunately, six isn't a critical mass for Ramses; to ensure that Ramses' business isn't killed by a lack of clientele, let's use some recursive enchantments.
Remember Dragon Fangs from the last article? Dragon Shadow and Dragon Wings come back to haunt your opponents, auto-enchanting beefy boys at your discretion to give Ramses a target.
Echoing Fallen Angel from Ramses' set League of Legends, Fallen Ideal is a recursive enchantment that's also a sacrifice outlet.
The "Most 2020 Mood Award" goes to Despondency, which lowers a creature's power and keeps comin' back, again and again.
Screams from Within is unique in that it will auto-attach after death instead of coming back to your hand. Be aware that if you've got no enemy targets, it's gonna end up on Ramses.
Slow Motion's Pendrell-type effect might be enough to save you a Ramses activation if your opponent doesn't care enough to pay the toll.
Rounding out the auras, we've got a few utility spells we can play for neat effects:
Ramses' weapon of choice is obviously the Doom Blade, which he'll cast for you if his target is enchanted with Chime of Night.
If you prefer opponents to discard cards instead, Dying Wail's got you covered.
Your opponents will be at world's end when you exile their big threats off the top of their deck with Dead Man's Chest. This is the type of luxury even Gonti's jealous of!
And here's some spicy tech for you: Ensoul Artifact lets Ramses remove an artifact with his ability.
A lot of creatures are going to end up dead, which makes Rise of the Dark Realms a great end-game finisher. But that's boring. Are you ready to learn Ramses' true dark secret? Because here's where I blow your mind.
...lets you sacrifice Iridescent Drake to Blasting Station which...
...deals 1 damage and triggers the enchantment which means...
..Iridescent Drake goes onto the battlefield, returning...
This combo will make you feel like Joker, because your opponents will never see it coming. You've got some redundancy in the deck in case things don't pan out: use Fallen Ideal as your sacrifice outlet and win condition to swing with an evasive infinity/infinity attacker, or deal damage using Grim Guardian's Constellation trigger. Should Iridescent Drake be interacted with (which is illegal, by the way), use Ill Gotten Gains to get your combo pieces back to hand and recur some protective counterspells. I'm not a punk, I'm a goddamn dragon genius. Finally, the deck is truly me!
In conclusion, the Ramses Overdark deck for the Commander format is a fun and powerful budget deck for you to try. I hope you enjoyed reading my paper as much as I enjoyed writing- ...Buh? Oh. I guess I reverted to hastily written high school paper writing. Is that really what I sounded like? You know, people say you never really realize what you have until it's gone. It's easy to look to memories of better days and feel that melancholy drop in your stomach. It's natural to feel wistful for a time past when rain drips down the window. But the truth is also that you don't really realize what you don't have until you obtain it. Our experiences may be painful now, but that's no reason to give up hope. You can get over darkness. Look forward instead of back, because in that future lies a wiser you.
I sat thru an hour plus long video expecting to get some new ticker symbols for Paul's secret portfolio. He said in his email that he would provide "an opportunity to get the names for the ticker symbols". I should've read that closer as that means he was not going to provide them without a catch. This is a subscription that Paul charges $5k for. While I am a subscriber to his "Profits Unlimited", and have been satisfied with the results so far, I couldn’t afford the subscription if I wanted to. I took notes on the video and tried to get as much detail as I could (which is tough because he doesn't allow you to rewind or navigate the video in the interface he shows it on). I did research and think I found a couple, but I was hoping you guys confirm and potentially help identify any of these stocks that he personally invests in. I tried to type up what I saw from some of these stocks… Graphene stocks...
Graphene can filter ocean water in a single use, stop rust with graphene infused paint, and can detect cancer in the human body. He mentions gains by G6, Talga Resources, and Tunghsu Optoelectronic (so it can be assumed it's not one of these). Paul predicts Graphene industry to be 13x it's size by 2027. The company he mentions is developing a graphene-based powder that can strengthen any substance. they are a mining company based in Australia. They are also developing a new graphene-powered battery which could charge a phone in 1-2 minutes and electric vehicles in 5. After researching, I believe this is FGPHF. Let me know if you think different.
An offshoot of one of the largest industrial firms in Canada. Canada’s federal government is investing in it. A “tiny” company now that commissioned it’s first large-scale production facility with a production line that is 100% automated. This one I'm not sure of.
Blockchain stock. Soared 26,000% just for "adding blockchain to it’s name” and Paul thinks it will keep growing. I assume he is referring to the bitcoin boom in 2017. Paul states he thinks Bitcoin will hit $1mil in his lifetime. Not much detail here. Quick google search shows: Riot Blockchain, Hive Blockchain, and Long Blockchain Corp. One of these maybe?
This stock is one of the leading crypto miners in the world and the company’s revenues grew 66% last year. Not much info here.
Global energy storage market…
13x growth by 2030. Paul likes an energy storage firm that is developing a new type of battery that can last 20-25 years minimum. Flow battery company with a current value of about $30 million. They’ve done a 180 and are putting everything into a niche corner of the battery market. Completed their first full battery system 2 years ago. Company plans to provide batteries for telecom towers and is expanding into China, New Zealand, and Australia.
Company based out of France. A renewable powerhouse that owns over 100 power plants. Completed 7 renewable power plants last year and have another 10 in the works. Recently bought out another company operating 95 power plants and are expanding into Brazil, Mexico, Egypt, South Africa. Company has goal to increase energy output by 570% by 2023. I'm not sure about either of these companies.
Biotech….Paul extremely bullish stating this could eleminate cancer, diabetes and other diseases in this decade. A French biopharmaceutical company with 8 cancer-killing drugs in its pipeline. Is able to take T-cells (white blood cells) and transform them into cancer killers. In a study, 30 patients with lymphoblastic leukemia were given this treatment. Within weeks, 27 of them were in remission. This company partnered with Pfizer. Worth under $1 billion and generates less than $50 billion in revenue. If one of the eight drugs in it’s pipeline reaches the commercialization phase, it will receive up to $2.8 billion from it’s partners. I believe this is Cellectis (CLLS).
A leader in the use of psychoactive drugs for medical purposes. Wants to design drugs for international use. Recently brought in Canada’s top depression expert as CEO. One of it’s directors is a former law enforcement officer with 35 years experience in drug trafficking. I believe this is Champignon (SHRMF).
SPAC (Special-Purpose Acquisition Company)
Innovation on how companies go public. Monopolizing one of the fastest-growing entertainment markets in the world. Currently holds 60% market share. (Could soar 30k+ percent). Not sure, perhaps PSTH?
Another SPAC. A "pure play on American Infrastructure" with 90% recurring business. Again, not much information so I'm not sure on these ones.
Please let me know if you are able to find anything out and if you have opinions on any of the stocks, feel free to share em! Tldr: I got clues on 10 stocks from an expensive subscription service I can’t afford. Any help identifying the stocks 1-10 above is much appreciated!
WIBTA for asking my ex to pay me back the current value of my cryptocurrency?
So back in late 2017, my boyfriend at the time convinced me that it was a good idea to invest in cryptocurrency. I downloaded the Coinbase app, had no idea what I was doing, and lost a bunch of money. Lol. Anyways, XRP (Ripple) was doing really well at the time, but it wasn’t available to buy on Coinbase yet. My boyfriend was using a different trading platform on which you could buy XRP, so I asked him if he could buy some XRP for me if I sent him my Bitcoins. He agreed, so I transferred all of my Bitcoins to him. He invested it and well, XRP dropped significantly later in 2018. We both lost a lot of money, and my boyfriend said it was a good idea to leave the money in cryptocurrency instead of pulling out. I listened to him, and let him keep my XRP in his account instead of selling it. In early January of 2019, we broke up, he got a new girlfriend, kicked me out of the apartment, and stopped speaking to me due to the request of his new girlfriend. After him and his new girlfriend broke up, I reached out to him regarding my cryptocurrency. He didn’t remember how much XRP he held for me, so I sent him a screenshot thread of a text he had sent me awhile back showing how much he had bought in for me. I had 1,337 shares of XRP. When we were discussing it, the current value of XRP was $0.18 per crypto. He calculated it and said “okay, so I owe you $240.66 then.” I told him that he could just send me the amount of 1,337 XRP back, to which he said that all of his money is tied up in his business. He said that I would have to wait awhile before he could pay me back. I’m assuming that meant he sold my XRP that he was holding for me then? I told him no worries, and asked him how long he thinks it would take for him to pay me back. He didn’t respond. This was back in early July. The price of XRP is now worth $0.24 each, so about a 30% increase since him and I last talked. When I ask him to pay me back, would I be the asshole for asking him to pay me back the current value of the XRP instead of giving me $240.66?
In this piece, we will focus on the view that Bitcoin is an aspirational store of value. We explore the inherent characteristics that position Bitcoin to fulfill this role in the future, consider whether it is being used in this way today, and discuss factors that may drive greater demand for such utility.
Bitcoin’s digital scarcity
A robust store of value asset retains purchasing power over long periods of time. An emerging store of value grows purchasing power until it stabilizes. The key characteristics that are cited in reference to good stores of value are scarcity, portability, durability and divisibility. The most important of these attributes is arguably scarcity, which is essential for protecting against the depreciation of real value in the long run. Scarcity means there is a limited quantity of the asset in question, more cannot be easily created, and it is impossible to counterfeit. One of bitcoin’s most novel innovations is its unforgeable digital scarcity. Investors believe this property is foundational in understanding and appreciating bitcoin. The bitcoin supply is perfectly inelastic and is not susceptible to supply shocks. Supply does not respond to changes in production capacity (i.e. greater hash power) in response to heightened demand driving prices higher. Even gold, which has been used as a store of value for millennia, is not immune to supply shocks. While the ability for increased production in response to an increase in demand is limited, gold is not perfectly inelastic.
Decentralized checks and balances
Bitcoin’s monetary policy was established when it was created. Its credibility is enforced in part by decentralization and proof-of-work mining. Bitcoin has a leaderless network of decentralized full nodes (computers running bitcoin software), in which every node stores the ledger of transactions and performs transaction verification independently, checking that rules are being followed. Because of this redundancy, there is no central point of failure. Full nodes that verify transactions are distinct from miners who expend energy to process transactions and mint bitcoin. Unlike mining, transaction verification does not require significant resources in the form of hardware or electricity. Thus, any computer can join the distributed network to store and verify bitcoin transactions. Today tens of thousands of nodes perform this function. In addition to preventing transactions that don’t follow consensus rules, the level of decentralization that exists in the bitcoin network protects core properties such as the 21 million fixed supply by making it virtually impossible to change. No central party has sole discretion over bitcoin’s monetary policy. Rather, such a change would require significant social coordination among stakeholders (e.g. users, miners and those running full nodes). Most stakeholders believe bitcoin has value because of its digital scarcity, resulting in negligible support for such a change
Investors believe that the next wave of awareness and adoption could be driven by external factors such as unprecedented levels of intervention by central banks and governments, record low interest rates, increasing fiat money supply, deglobalization and the potential for ensuing inflation, all of which have been accelerated by the pandemic and economic shutdown. Longer-term tailwinds that could fuel adoption include the use of bitcoin to preserve wealth amidst “slow and steady” inflation and the looming generational wealth transfer to millennials, who view bitcoin more favorably than other demographics.
Current interest in bitcoin’s store of value properties
Tudor Investment Corporation’s decision to allocate to bitcoin in the Tudor BVI fund is evidence that unprecedented levels of monetary growth is driving institutional interest in bitcoin’s store of value properties. Paul Tudor Jones, founder and Chief Investment Officer, and Lorenzo Giorgianni, Head of Global Research articulated the rationale for investing in bitcoin in their May 2020 investor letter, “The Great Monetary Inflation.” The Tudor Investments team scored financial assets, fiat cash, gold and bitcoin based on four characteristics that define store of value assets – purchasing power, trustworthiness, liquidity, portability. Bitcoin’s score was 60% of the score of financial assets, but 1/1200th of the market cap of financial assets and it was 66% of the score of gold, but 1/60th of the market cap, concluding, “Something appears to be wrong here and my guess is that it’s the price of Bitcoin.” While many have expressed the same reasoning, this was seen as a watershed moment, given the thesis and investment was from a traditional hedge fund manage legendary macro investor (Paul Tudor Jones) and former Deputy Director of the Strategy, Policy and Review Department at the IMF (Lorenzo Giorgianni)ix.
Bitcoin’s inherent properties have given rise to the perspective that bitcoin has the potential to be a store of value, with complementary and interdependent components – the decentralized settlement network (Bitcoin) and its digitally scarce native asset (bitcoin). Equally important is the consideration of demand for bitcoin’s unique features – there is no long-term value to create or store if there is no sustained demand for these properties. External forces that are accelerating interest and investment in bitcoin include unprecedented levels and exotic forms of monetary and fiscal stimulus globally with unknown consequences. This is exacerbating the concerns that Bitcoin was designed to address and is leading more investors and users towards bitcoin as an “insurance policy” that may provide protection against the unknown consequences. Simultaneously, the massive transfer of wealth from the older generation to a younger demographic is a more gradual but important long-term tailwind, as younger people view bitcoin more favorably. This is an important catalyst for bitcoin adoption as they inherit and grow their wealth. While bitcoin is not guaranteed to succeed as a store of value, should sustainable long-term demand for the use case not materialize, the tailwinds mentioned above should drive incremental demand for a novel asset with unique properties. Additionally, as we will examine in future parts in our bitcoin investment thesis series, Bitcoin’s strength is that it has properties that allow it to serve multiple functions, further hardening the likelihood of its success as measured by growth in value.
[m] This budget has been edited to be easier to do and look at (It is less modular but that's not a concern for me). [/m] Nigeria's budget is not very exceptional except for the decrease in military spending. Law enforcement services loyal to President Buhari have picked up a vast array of funding at the expense of the Nigerian military which is perceived as less loyal to the president. The military has not stood still; this is the final nail in the coffin for many officers apolitical beliefs. Has President Buhari's efforts to shore up his power backfired? Modular Budget
Budget Year 2021
GDP Growth % 2.60%
GDP Per Capita $2,105.34
Expenditure % GDP 14.71%
Revenue % GDP 12.23%
Deficit % GDP 2.48%
Deficit/Bonds Issued $10,761,658,490
Debt % GDP 21.23%
GICRA Credit Rating C
Bond Interest Rate 11.50%
Population Growth 2.44%
Procurement % 15.00%
Research & Procurement
Social Security and Welfare
Law Enforcement & Security
Infrastructure & Transportation
Food & Agriculture
Total Imports $24,150,000,000 Total Exports $22,900,000,000 Trade Deficit -$1,250,000,000 Trade Deficit %GDP -0.29%
Prediction Pool - NFL 2020 - Week 4 - Thursday 10/1: Free entry - $5 to the winner!
SB % To Win
Vegas Implied Odds
SB Points Scored
Vegas Implied Scores
New York Jets
Hey all! Yesterday, I posted over in dfssports and we had 55 users submit an NBA winner and final score submission. The aggregate data looked like:
Vegas Implied Odds
9:00 AM EDT
Los Angeles Lakers
I'd like to do the same for tonight's NFL game and someone suggested this might be a better spot to post! If you're interested, fill out this form:https://forms.gle/wdy67TvgQqWa2g2a6 to pick tonight's winner, plus the point totals of each team. I'll aggregate the results and post them to the sub by 7PM at the latest. Might be useful for determining if various lines are oveunder priced. As a bonus, I'll send $5 of bitcoin to the best overall submission. Best submission criteria as follows:
Picking the correct game winner is required.
Closest to total aggregate score wins.
Aggregate score tiebreaker will be absolute value from each teams predicted score.
If further tiebreakers are needed, I'll flip a coin or split the $10.
Last night's winning submission hit the Laker to win and total score exactly and was the only submission to do so. So we never got to steps 3 or 4! I'm going to pull the plug if we don't get at least 30 submissions. Too much noise in the data otherwise.
Bitcoin has been known by many to be the most famous decentralized cryptocurrency. However, besides bitcoin there exists other altcoins that confer a great value as well. Are you interested in learning about other cryptocurrencies? Well, bitcoin is not alone. Here are others. 1. Litecoin (LTC) Statistics show that as of July 2018, Litecoin had per token value of $87.56. The coin was created by former Google engineer and MIT graduate named Charlie Lee. Just like bitcoin, Litecoin is not controlled by any central authority. It uses ''scrypt'' as proof of work. Different from bitcoin, Litecoin has got a faster block generation rate. This means that it offers a faster transaction confirmation. The coin is based on an open source global payment network. The coin is generally accepted by merchants with the number growing each day. In July 2018, it had a market cap of $5.03 billion. 2. Ethereum (ETH) It was launched in the year 2015. ETH is a decentralized software platform. It enables Distributed Applications and Smart Contracts to be built and run without downtime, fraud, control or third party interference. There exists a component called ether which acts like a vehicle within the ethereum platform. Developers seeking to develop and run applications within ethereum and investors aiming to purchases other digital currencies are the most interested parties in ether. Value per token of ethereum as of July 2018 was $474.66 and a market cap of $ 47.84. Ethereum is the second most important cryptocurrency from bitcoin. 3. Zcash (ZEC) Just like other altcoins, Zcash is an open-source and decentralized cryptocurrency. It was launched in the year 2016. This cryptocurrency is known to offer privacy and selective transparency of transactions. It's a unique feature different from other altcoins, isn't it? ZEC claims to offer extra security where all the transactions are recorded and published on a blockchain. However, finer details involving the sender and recipient, and the amount are kept private. Statistics show that as of July 2018, Zcash had per token value of $206.23. It had a market cap of $904.85 in the same month. 4. Dash It was originally known as darkcoin. Dash is a more secretive version of bitcoin. The working of Dash makes transactions almost untraceable. This because it provides anonymity since it works on a decentralized mastercode network. Dash was launched in January 2014. Since then it has experienced an increase in fan following despite the short period of time. The cryptocurrency was created by Evan Duffield. It can be mined using a GPU or a CPU. Studies indicate that in July 2018, Dash had a market cap of $2.19 billion and value per token of $266.58.
DOGE Coin could it be the first fully adopted digital transaction medium?
I preface this - with this is NOT investment advice. Just my curiosity, interest in economics, and data science drove me to want to better understand why the founders of DOGE Crypto chose to be one of the few crypto currencies to take the approach of making it, "Inflationary" vs. "Deflationary" like many other cryptos. I analyzed the currencies historical data, what it’s circulation rates, and coin generation is each year. They set no cap - which is inverse of most cryptos. Here's the interesting thing, and it's brillantly done - they may have created the first crypto currency that will actually have the potential when it hits maturity to be a stable crypto currency. Now first piece to discuss is the inflation rate - they ear marked a $5B coin influx per annum. However, this also means the rate of inflation decreases each year as shown here: Year Circulating Value Rate of Inflation 2020 $125,541,910,543.00 3.98% 2021 $130,741,910,543.00 3.82% 2022 $135,941,910,543.00 3.68% 2023 $141,141,910,543.00 3.54% 2024 $146,341,910,543.00 3.42% 2025 $151,541,910,543.00 3.30% 2026 $156,741,910,543.00 3.19% 2027 $161,941,910,543.00 3.09% 2028 $167,141,910,543.00 2.99% 2029 $172,341,910,543.00 2.90% 2030 $177,541,910,543.00 2.82% 2031 $182,741,910,543.00 2.74% 2032 $187,941,910,543.00 2.66% 2033 $193,141,910,543.00 2.59% 2034 $198,341,910,543.00 2.52% 2035 $203,541,910,543.00 2.46% 2036 $208,741,910,543.00 2.40% 2037 $213,941,910,543.00 2.34% 2038 $219,141,910,543.00 2.28% 2039 $224,341,910,543.00 2.23% 2040 $229,541,910,543.00 2.18% Now here is the interesting thing - market cap determines circulation value - most people will invest small amounts, not large amounts to minimize risk and hold it in hopes of striking it rich. Keeping the value stable, and steady in increase slowly people will realize its better to hold it then to sell it. The stability, and small value of the currency encourages increased exchanges, and transactions. Making it easier for merchants to approve the currency for purchases of goods and services once accepted. Inflationary currencies gain momentum through usage adoption. Think of it like if you pegged everything to Bitcoin - could you buy a Pizza easily for $9,000? - no, it makes Bitcoin ineffective for real transactional exchange because its value is far too great making it a hoarded currency - a savings account essentially; same as if you were to keep gold - not an effective medium for exchange. Here's the fascinating aspect of this - currency in general has to have a lot of people to agree to it as an exchange medium for it to gain popularity and be commonly accepted - it also has to be easily broken for transactions. So, two keys to any currency success is, 1.)Popularity as a medium of exchange for goods and services w/capability of being easily broke for exchanges. 2.) Culturally accepted, and perpetuated as a part of a cultural frame. DOGE is a meme currency, that started off as a joke - but, has continued a steady very tiny incremental increase in value YOY - the pop-culture insignia is making people find it fun for exchange, and it's perpetuating itself through that cultural acceptance - the pop culture perpetuation, and the users pushing it for usage are increasingly making it a fascinating case study. Each year as people invest small amounts in it - holding onto it hoping to strike it rich the currency inches closer to the $0.01 parity. Once it closes in on this parity it will secure larger, longer term investors and mutuals that will buy and hold, - but, the distance in cap from circulation will keep the rise small, incremental and stable, and still easily transacted across businesses. If it hits the parity of $0.01 and stabilizes - I modeled it will take about 23 years before it would hit the $1.00 mark. Think about that - it's rather brilliant. If the environment stays right - it could essentially become the first fully adopted digital transaction currency. It is not a currency that will make you rich - but, if you bought a tiny amount and held on for a few decades and factors conditionally stayed right - you may have a chance to make a few bucks - but, also could become a part of the history of making DOGE the first fully adopted digital currency as a fully accepted exchange medium for goods and services. Just a very interesting approach - and experiment by the founders. Who knows if it will net out, but if it does would be interesting.
Hey all, I've been researching coins since 2017 and have gone through 100s of them in the last 3 years. I got introduced to blockchain via Bitcoin of course, analyzed Ethereum thereafter and from that moment I have a keen interest in smart contact platforms. I’m passionate about Ethereum but I find Zilliqa to have a better risk-reward ratio. Especially because Zilliqa has found an elegant balance between being secure, decentralized and scalable in my opinion.
Below I post my analysis of why from all the coins I went through I’m most bullish on Zilliqa (yes I went through Tezos, EOS, NEO, VeChain, Harmony, Algorand, Cardano etc.). Note that this is not investment advice and although it's a thorough analysis there is obviously some bias involved. Looking forward to what you all think!
Fun fact: the name Zilliqa is a play on ‘silica’ silicon dioxide which means “Silicon for the high-throughput consensus computer.”
This post is divided into (i) Technology, (ii) Business & Partnerships, and (iii) Marketing & Community. I’ve tried to make the technology part readable for a broad audience. If you’ve ever tried understanding the inner workings of Bitcoin and Ethereum you should be able to grasp most parts. Otherwise, just skim through and once you are zoning out head to the next part.
Technology and some more:
The technology is one of the main reasons why I’m so bullish on Zilliqa. First thing you see on their website is: “Zilliqa is a high-performance, high-security blockchain platform for enterprises and next-generation applications.” These are some bold statements.
Before we deep dive into the technology let’s take a step back in time first as they have quite the history. The initial research paper from which Zilliqa originated dates back to August 2016: Elastico: A Secure Sharding Protocol For Open Blockchains where Loi Luu (Kyber Network) is one of the co-authors. Other ideas that led to the development of what Zilliqa has become today are: Bitcoin-NG, collective signing CoSi, ByzCoin and Omniledger.
The technical white paper was made public in August 2017 and since then they have achieved everything stated in the white paper and also created their own open source intermediate level smart contract language called Scilla (functional programming language similar to OCaml) too.
Mainnet is live since the end of January 2019 with daily transaction rates growing continuously. About a week ago mainnet reached 5 million transactions, 500.000+ addresses in total along with 2400 nodes keeping the network decentralized and secure. Circulating supply is nearing 11 billion and currently only mining rewards are left. The maximum supply is 21 billion with annual inflation being 7.13% currently and will only decrease with time.
Zilliqa realized early on that the usage of public cryptocurrencies and smart contracts were increasing but decentralized, secure, and scalable alternatives were lacking in the crypto space. They proposed to apply sharding onto a public smart contract blockchain where the transaction rate increases almost linear with the increase in the amount of nodes. More nodes = higher transaction throughput and increased decentralization. Sharding comes in many forms and Zilliqa uses network-, transaction- and computational sharding. Network sharding opens up the possibility of using transaction- and computational sharding on top. Zilliqa does not use state sharding for now. We’ll come back to this later.
Before we continue dissecting how Zilliqa achieves such from a technological standpoint it’s good to keep in mind that a blockchain being decentralised and secure and scalable is still one of the main hurdles in allowing widespread usage of decentralised networks. In my opinion this needs to be solved first before blockchains can get to the point where they can create and add large scale value. So I invite you to read the next section to grasp the underlying fundamentals. Because after all these premises need to be true otherwise there isn’t a fundamental case to be bullish on Zilliqa, right?
Down the rabbit hole
How have they achieved this? Let’s define the basics first: key players on Zilliqa are the users and the miners. A user is anybody who uses the blockchain to transfer funds or run smart contracts. Miners are the (shard) nodes in the network who run the consensus protocol and get rewarded for their service in Zillings (ZIL). The mining network is divided into several smaller networks called shards, which is also referred to as ‘network sharding’. Miners subsequently are randomly assigned to a shard by another set of miners called DS (Directory Service) nodes. The regular shards process transactions and the outputs of these shards are eventually combined by the DS shard as they reach consensus on the final state. More on how these DS shards reach consensus (via pBFT) will be explained later on.
The Zilliqa network produces two types of blocks: DS blocks and Tx blocks. One DS Block consists of 100 Tx Blocks. And as previously mentioned there are two types of nodes concerned with reaching consensus: shard nodes and DS nodes. Becoming a shard node or DS node is being defined by the result of a PoW cycle (Ethash) at the beginning of the DS Block. All candidate mining nodes compete with each other and run the PoW (Proof-of-Work) cycle for 60 seconds and the submissions achieving the highest difficulty will be allowed on the network. And to put it in perspective: the average difficulty for one DS node is ~ 2 Th/s equaling 2.000.000 Mh/s or 55 thousand+ GeForce GTX 1070 / 8 GB GPUs at 35.4 Mh/s. Each DS Block 10 new DS nodes are allowed. And a shard node needs to provide around 8.53 GH/s currently (around 240 GTX 1070s). Dual mining ETH/ETC and ZIL is possible and can be done via mining software such as Phoenix and Claymore. There are pools and if you have large amounts of hashing power (Ethash) available you could mine solo.
The PoW cycle of 60 seconds is a peak performance and acts as an entry ticket to the network. The entry ticket is called a sybil resistance mechanism and makes it incredibly hard for adversaries to spawn lots of identities and manipulate the network with these identities. And after every 100 Tx Blocks which corresponds to roughly 1,5 hour this PoW process repeats. In between these 1,5 hour, no PoW needs to be done meaning Zilliqa’s energy consumption to keep the network secure is low. For more detailed information on how mining works click here. Okay, hats off to you. You have made it this far. Before we go any deeper down the rabbit hole we first must understand why Zilliqa goes through all of the above technicalities and understand a bit more what a blockchain on a more fundamental level is. Because the core of Zilliqa’s consensus protocol relies on the usage of pBFT (practical Byzantine Fault Tolerance) we need to know more about state machines and their function. Navigate to Viewblock, a Zilliqa block explorer, and just come back to this article. We will use this site to navigate through a few concepts.
We have established that Zilliqa is a public and distributed blockchain. Meaning that everyone with an internet connection can send ZILs, trigger smart contracts, etc. and there is no central authority who fully controls the network. Zilliqa and other public and distributed blockchains (like Bitcoin and Ethereum) can also be defined as state machines.
Taking the liberty of paraphrasing examples and definitions given by Samuel Brooks’ medium article, he describes the definition of a blockchain (like Zilliqa) as: “A peer-to-peer, append-only datastore that uses consensus to synchronize cryptographically-secure data”.
Next, he states that: "blockchains are fundamentally systems for managing valid state transitions”. For some more context, I recommend reading the whole medium article to get a better grasp of the definitions and understanding of state machines. Nevertheless, let’s try to simplify and compile it into a single paragraph. Take traffic lights as an example: all its states (red, amber, and green) are predefined, all possible outcomes are known and it doesn’t matter if you encounter the traffic light today or tomorrow. It will still behave the same. Managing the states of a traffic light can be done by triggering a sensor on the road or pushing a button resulting in one traffic lights’ state going from green to red (via amber) and another light from red to green.
With public blockchains like Zilliqa, this isn’t so straightforward and simple. It started with block #1 almost 1,5 years ago and every 45 seconds or so a new block linked to the previous block is being added. Resulting in a chain of blocks with transactions in it that everyone can verify from block #1 to the current #647.000+ block. The state is ever changing and the states it can find itself in are infinite. And while the traffic light might work together in tandem with various other traffic lights, it’s rather insignificant comparing it to a public blockchain. Because Zilliqa consists of 2400 nodes who need to work together to achieve consensus on what the latest valid state is while some of these nodes may have latency or broadcast issues, drop offline or are deliberately trying to attack the network, etc.
Now go back to the Viewblock page take a look at the amount of transaction, addresses, block and DS height and then hit refresh. Obviously as expected you see new incremented values on one or all parameters. And how did the Zilliqa blockchain manage to transition from a previous valid state to the latest valid state? By using pBFT to reach consensus on the latest valid state.
After having obtained the entry ticket, miners execute pBFT to reach consensus on the ever-changing state of the blockchain. pBFT requires a series of network communication between nodes, and as such there is no GPU involved (but CPU). Resulting in the total energy consumed to keep the blockchain secure, decentralized and scalable being low.
pBFT stands for practical Byzantine Fault Tolerance and is an optimization on the Byzantine Fault Tolerant algorithm. To quote Blockonomi: “In the context of distributed systems, Byzantine Fault Tolerance is the ability of a distributed computer network to function as desired and correctly reach a sufficient consensus despite malicious components (nodes) of the system failing or propagating incorrect information to other peers.” Zilliqa is such a distributed computer network and depends on the honesty of the nodes (shard and DS) to reach consensus and to continuously update the state with the latest block. If pBFT is a new term for you I can highly recommend the Blockonomi article.
The idea of pBFT was introduced in 1999 - one of the authors even won a Turing award for it - and it is well researched and applied in various blockchains and distributed systems nowadays. If you want more advanced information than the Blockonomi link provides click here. And if you’re in between Blockonomi and the University of Singapore read the Zilliqa Design Story Part 2 dating from October 2017. Quoting from the Zilliqa tech whitepaper: “pBFT relies upon a correct leader (which is randomly selected) to begin each phase and proceed when the sufficient majority exists. In case the leader is byzantine it can stall the entire consensus protocol. To address this challenge, pBFT offers a view change protocol to replace the byzantine leader with another one.”
pBFT can tolerate ⅓ of the nodes being dishonest (offline counts as Byzantine = dishonest) and the consensus protocol will function without stalling or hiccups. Once there are more than ⅓ of dishonest nodes but no more than ⅔ the network will be stalled and a view change will be triggered to elect a new DS leader. Only when more than ⅔ of the nodes are dishonest (66%) double-spend attacks become possible.
If the network stalls no transactions can be processed and one has to wait until a new honest leader has been elected. When the mainnet was just launched and in its early phases, view changes happened regularly. As of today the last stalling of the network - and view change being triggered - was at the end of October 2019.
Another benefit of using pBFT for consensus besides low energy is the immediate finality it provides. Once your transaction is included in a block and the block is added to the chain it’s done. Lastly, take a look at this article where three types of finality are being defined: probabilistic, absolute and economic finality. Zilliqa falls under the absolute finality (just like Tendermint for example). Although lengthy already we skipped through some of the inner workings from Zilliqa’s consensus: read the Zilliqa Design Story Part 3 and you will be close to having a complete picture on it. Enough about PoW, sybil resistance mechanism, pBFT, etc. Another thing we haven’t looked at yet is the amount of decentralization.
Currently, there are four shards, each one of them consisting of 600 nodes. 1 shard with 600 so-called DS nodes (Directory Service - they need to achieve a higher difficulty than shard nodes) and 1800 shard nodes of which 250 are shard guards (centralized nodes controlled by the team). The amount of shard guards has been steadily declining from 1200 in January 2019 to 250 as of May 2020. On the Viewblock statistics, you can see that many of the nodes are being located in the US but those are only the (CPU parts of the) shard nodes who perform pBFT. There is no data from where the PoW sources are coming. And when the Zilliqa blockchain starts reaching its transaction capacity limit, a network upgrade needs to be executed to lift the current cap of maximum 2400 nodes to allow more nodes and formation of more shards which will allow to network to keep on scaling according to demand. Besides shard nodes there are also seed nodes. The main role of seed nodes is to serve as direct access points (for end-users and clients) to the core Zilliqa network that validates transactions. Seed nodes consolidate transaction requests and forward these to the lookup nodes (another type of nodes) for distribution to the shards in the network. Seed nodes also maintain the entire transaction history and the global state of the blockchain which is needed to provide services such as block explorers. Seed nodes in the Zilliqa network are comparable to Infura on Ethereum.
The seed nodes were first only operated by Zilliqa themselves, exchanges and Viewblock. Operators of seed nodes like exchanges had no incentive to open them for the greater public. They were centralised at first. Decentralisation at the seed nodes level has been steadily rolled out since March 2020 ( Zilliqa Improvement Proposal 3 ). Currently the amount of seed nodes is being increased, they are public-facing and at the same time PoS is applied to incentivize seed node operators and make it possible for ZIL holders to stake and earn passive yields. Important distinction: seed nodes are not involved with consensus! That is still PoW as entry ticket and pBFT for the actual consensus.
5% of the block rewards are being assigned to seed nodes (from the beginning in 2019) and those are being used to pay out ZIL stakers. The 5% block rewards with an annual yield of 10.03% translate to roughly 610 MM ZILs in total that can be staked. Exchanges use the custodial variant of staking and wallets like Moonlet will use the non-custodial version (starting in Q3 2020). Staking is being done by sending ZILs to a smart contract created by Zilliqa and audited by Quantstamp.
With a high amount of DS; shard nodes and seed nodes becoming more decentralized too, Zilliqa qualifies for the label of decentralized in my opinion.
Generalized: programming languages can be divided into being ‘object-oriented’ or ‘functional’. Here is an ELI5 given by software development academy: * “all programs have two basic components, data – what the program knows – and behavior – what the program can do with that data. So object-oriented programming states that combining data and related behaviors in one place, is called “object”, which makes it easier to understand how a particular program works. On the other hand, functional programming argues that data and behavior are different things and should be separated to ensure their clarity.” *
Scilla is on the functional side and shares similarities with OCaml: OCaml is a general-purpose programming language with an emphasis on expressiveness and safety. It has an advanced type system that helps catch your mistakes without getting in your way. It's used in environments where a single mistake can cost millions and speed matters, is supported by an active community, and has a rich set of libraries and development tools. For all its power, OCaml is also pretty simple, which is one reason it's often used as a teaching language.
Scilla is blockchain agnostic, can be implemented onto other blockchains as well, is recognized by academics and won a so-called Distinguished Artifact Award award at the end of last year.
One of the reasons why the Zilliqa team decided to create their own programming language focused on preventing smart contract vulnerabilities is that adding logic on a blockchain, programming, means that you cannot afford to make mistakes. Otherwise, it could cost you. It’s all great and fun blockchains being immutable but updating your code because you found a bug isn’t the same as with a regular web application for example. And with smart contracts, it inherently involves cryptocurrencies in some form thus value.
Another difference with programming languages on a blockchain is gas. Every transaction you do on a smart contract platform like Zilliqa or Ethereum costs gas. With gas you basically pay for computational costs. Sending a ZIL from address A to address B costs 0.001 ZIL currently. Smart contracts are more complex, often involve various functions and require more gas (if gas is a new concept click here ).
So with Scilla, similar to Solidity, you need to make sure that “every function in your smart contract will run as expected without hitting gas limits. An improper resource analysis may lead to situations where funds may get stuck simply because a part of the smart contract code cannot be executed due to gas limits. Such constraints are not present in traditional software systems”.Scilla design story part 1
Some examples of smart contract issues you’d want to avoid are: leaking funds, ‘unexpected changes to critical state variables’ (example: someone other than you setting his or her address as the owner of the smart contract after creation) or simply killing a contract.
Scilla also allows for formal verification. Wikipedia to the rescue: In the context of hardware and software systems, formal verification is the act of proving or disproving the correctness of intended algorithms underlying a system with respect to a certain formal specification or property, using formal methods of mathematics.
Formal verification can be helpful in proving the correctness of systems such as: cryptographic protocols, combinational circuits, digital circuits with internal memory, and software expressed as source code.
“Scilla is being developed hand-in-hand with formalization of its semantics and its embedding into the Coq proof assistant — a state-of-the art tool for mechanized proofs about properties of programs.”
Simply put, with Scilla and accompanying tooling developers can be mathematically sure and proof that the smart contract they’ve written does what he or she intends it to do.
Smart contract on a sharded environment and state sharding
There is one more topic I’d like to touch on: smart contract execution in a sharded environment (and what is the effect of state sharding). This is a complex topic. I’m not able to explain it any easier than what is posted here. But I will try to compress the post into something easy to digest.
Earlier on we have established that Zilliqa can process transactions in parallel due to network sharding. This is where the linear scalability comes from. We can define simple transactions: a transaction from address A to B (Category 1), a transaction where a user interacts with one smart contract (Category 2) and the most complex ones where triggering a transaction results in multiple smart contracts being involved (Category 3). The shards are able to process transactions on their own without interference of the other shards. With Category 1 transactions that is doable, with Category 2 transactions sometimes if that address is in the same shard as the smart contract but with Category 3 you definitely need communication between the shards. Solving that requires to make a set of communication rules the protocol needs to follow in order to process all transactions in a generalised fashion.
There is no strict defined roadmap but here are topics being worked on. And via the Zilliqa website there is also more information on the projects they are working on.
Business & Partnerships
It’s not only technology in which Zilliqa seems to be excelling as their ecosystem has been expanding and starting to grow rapidly. The project is on a mission to provide OpenFinance (OpFi) to the world and Singapore is the right place to be due to its progressive regulations and futuristic thinking. Singapore has taken a proactive approach towards cryptocurrencies by introducing the Payment Services Act 2019 (PS Act). Among other things, the PS Act will regulate intermediaries dealing with certain cryptocurrencies, with a particular focus on consumer protection and anti-money laundering. It will also provide a stable regulatory licensing and operating framework for cryptocurrency entities, effectively covering all crypto businesses and exchanges based in Singapore. According to PWC 82% of the surveyed executives in Singapore reported blockchain initiatives underway and 13% of them have already brought the initiatives live to the market. There is also an increasing list of organizations that are starting to provide digital payment services. Moreover, Singaporean blockchain developers Building Cities Beyond has recently created an innovation $15 million grant to encourage development on its ecosystem. This all suggests that Singapore tries to position itself as (one of) the leading blockchain hubs in the world.
Zilliqa seems to already take advantage of this and recently helped launch Hg Exchange on their platform, together with financial institutions PhillipCapital, PrimePartners and Fundnel. Hg Exchange, which is now approved by the Monetary Authority of Singapore (MAS), uses smart contracts to represent digital assets. Through Hg Exchange financial institutions worldwide can use Zilliqa's safe-by-design smart contracts to enable the trading of private equities. For example, think of companies such as Grab, Airbnb, SpaceX that are not available for public trading right now. Hg Exchange will allow investors to buy shares of private companies & unicorns and capture their value before an IPO. Anquan, the main company behind Zilliqa, has also recently announced that they became a partner and shareholder in TEN31 Bank, which is a fully regulated bank allowing for tokenization of assets and is aiming to bridge the gap between conventional banking and the blockchain world. If STOs, the tokenization of assets, and equity trading will continue to increase, then Zilliqa’s public blockchain would be the ideal candidate due to its strategic positioning, partnerships, regulatory compliance and the technology that is being built on top of it.
What is also very encouraging is their focus on banking the un(der)banked. They are launching a stablecoin basket starting with XSGD. As many of you know, stablecoins are currently mostly used for trading. However, Zilliqa is actively trying to broaden the use case of stablecoins. I recommend everybody to read this text that Amrit Kumar wrote (one of the co-founders). These stablecoins will be integrated in the traditional markets and bridge the gap between the crypto world and the traditional world. This could potentially revolutionize and legitimise the crypto space if retailers and companies will for example start to use stablecoins for payments or remittances, instead of it solely being used for trading.
Zilliqa also released their DeFi strategic roadmap (dating November 2019) which seems to be aligning well with their OpFi strategy. A non-custodial DEX is coming to Zilliqa made by Switcheo which allows cross-chain trading (atomic swaps) between ETH, EOS and ZIL based tokens. They also signed a Memorandum of Understanding for a (soon to be announced) USD stablecoin. And as Zilliqa is all about regulations and being compliant, I’m speculating on it to be a regulated USD stablecoin. Furthermore, XSGD is already created and visible on block explorer and XIDR (Indonesian Stablecoin) is also coming soon via StraitsX. Here also an overview of the Tech Stack for Financial Applications from September 2019. Further quoting Amrit Kumar on this:
There are two basic building blocks in DeFi/OpFi though: 1) stablecoins as you need a non-volatile currency to get access to this market and 2) a dex to be able to trade all these financial assets. The rest are built on top of these blocks.
So far, together with our partners and community, we have worked on developing these building blocks with XSGD as a stablecoin. We are working on bringing a USD-backed stablecoin as well. We will soon have a decentralised exchange developed by Switcheo. And with HGX going live, we are also venturing into the tokenization space. More to come in the future.”
Additionally, they also have this ZILHive initiative that injects capital into projects. There have been already 6 waves of various teams working on infrastructure, innovation and research, and they are not from ASEAN or Singapore only but global: see Grantees breakdown by country. Over 60 project teams from over 20 countries have contributed to Zilliqa's ecosystem. This includes individuals and teams developing wallets, explorers, developer toolkits, smart contract testing frameworks, dapps, etc. As some of you may know, Unstoppable Domains (UD) blew up when they launched on Zilliqa. UD aims to replace cryptocurrency addresses with a human-readable name and allows for uncensorable websites. Zilliqa will probably be the only one able to handle all these transactions onchain due to ability to scale and its resulting low fees which is why the UD team launched this on Zilliqa in the first place. Furthermore, Zilliqa also has a strong emphasis on security, compliance, and privacy, which is why they partnered with companies like Elliptic, ChainSecurity (part of PwC Switzerland), and Incognito. Their sister company Aqilliz (Zilliqa spelled backwards) focuses on revolutionizing the digital advertising space and is doing interesting things like using Zilliqa to track outdoor digital ads with companies like Foodpanda.
Zilliqa is listed on nearly all major exchanges, having several different fiat-gateways and recently have been added to Binance’s margin trading and futures trading with really good volume. They also have a very impressive team with good credentials and experience. They don't just have “tech people”. They have a mix of tech people, business people, marketeers, scientists, and more. Naturally, it's good to have a mix of people with different skill sets if you work in the crypto space.
Marketing & Community
Zilliqa has a very strong community. If you just follow their Twitter their engagement is much higher for a coin that has approximately 80k followers. They also have been ‘coin of the day’ by LunarCrush many times. LunarCrush tracks real-time cryptocurrency value and social data. According to their data, it seems Zilliqa has a more fundamental and deeper understanding of marketing and community engagement than almost all other coins. While almost all coins have been a bit frozen in the last months, Zilliqa seems to be on its own bull run. It was somewhere in the 100s a few months ago and is currently ranked #46 on CoinGecko. Their official Telegram also has over 20k people and is very active, and their community channel which is over 7k now is more active and larger than many other official channels. Their local communities also seem to be growing.
Moreover, their community started ‘Zillacracy’ together with the Zilliqa core team ( see www.zillacracy.com ). It’s a community-run initiative where people from all over the world are now helping with marketing and development on Zilliqa. Since its launch in February 2020 they have been doing a lot and will also run their own non-custodial seed node for staking. This seed node will also allow them to start generating revenue for them to become a self sustaining entity that could potentially scale up to become a decentralized company working in parallel with the Zilliqa core team. Comparing it to all the other smart contract platforms (e.g. Cardano, EOS, Tezos etc.) they don't seem to have started a similar initiative (correct me if I’m wrong though). This suggests in my opinion that these other smart contract platforms do not fully understand how to utilize the ‘power of the community’. This is something you cannot ‘buy with money’ and gives many projects in the space a disadvantage.
Zilliqa also released two social products called SocialPay and Zeeves. SocialPay allows users to earn ZILs while tweeting with a specific hashtag. They have recently used it in partnership with the Singapore Red Cross for a marketing campaign after their initial pilot program. It seems like a very valuable social product with a good use case. I can see a lot of traditional companies entering the space through this product, which they seem to suggest will happen. Tokenizing hashtags with smart contracts to get network effect is a very smart and innovative idea.
Regarding Zeeves, this is a tipping bot for Telegram. They already have 1000s of signups and they plan to keep upgrading it for more and more people to use it (e.g. they recently have added a quiz features). They also use it during AMAs to reward people in real-time. It’s a very smart approach to grow their communities and get familiar with ZIL. I can see this becoming very big on Telegram. This tool suggests, again, that the Zilliqa team has a deeper understanding of what the crypto space and community needs and is good at finding the right innovative tools to grow and scale.
To be honest, I haven’t covered everything (i’m also reaching the character limited haha). So many updates happening lately that it's hard to keep up, such as the International Monetary Fund mentioning Zilliqa in their report, custodial and non-custodial Staking, Binance Margin, Futures, Widget, entering the Indian market, and more. The Head of Marketing Colin Miles has also released this as an overview of what is coming next. And last but not least, Vitalik Buterin has been mentioning Zilliqa lately acknowledging Zilliqa and mentioning that both projects have a lot of room to grow. There is much more info of course and a good part of it has been served to you on a silver platter. I invite you to continue researching by yourself :-) And if you have any comments or questions please post here!
New England New England 6 States Songs: https://www.reddit.com/newengland/comments/er8wxd/new_england_6_states_songs/ NewEnglandcoin Symbol: NENG NewEnglandcoin is a clone of Bitcoin using scrypt as a proof-of-work algorithm with enhanced features to protect against 51% attack and decentralize on mining to allow diversified mining rigs across CPUs, GPUs, ASICs and Android phones. Mining Algorithm: Scrypt with RandomSpike. RandomSpike is 3rd generation of Dynamic Difficulty (DynDiff) algorithm on top of scrypt. 1 minute block targets base difficulty reset: every 1440 blocks subsidy halves in 2.1m blocks (~ 2 to 4 years) 84,000,000,000 total maximum NENG 20000 NENG per block Pre-mine: 1% - reserved for dev fund ICO: None RPCPort: 6376 Port: 6377 NewEnglandcoin has dogecoin like supply at 84 billion maximum NENG. This huge supply insures that NENG is suitable for retail transactions and daily use. The inflation schedule of NengEnglandcoin is actually identical to that of Litecoin. Bitcoin and Litecoin are already proven to be great long term store of value. The Litecoin-like NENG inflation schedule will make NewEnglandcoin ideal for long term investment appreciation as the supply is limited and capped at a fixed number Bitcoin Fork - Suitable for Home Hobbyists NewEnglandcoin core wallet continues to maintain version tag of "Satoshi v0.8.7.5" because NewEnglandcoin is very much an exact clone of bitcoin plus some mining feature changes with DynDiff algorithm. NewEnglandcoin is very suitable as lite version of bitcoin for educational purpose on desktop mining, full node running and bitcoin programming using bitcoin-json APIs. The NewEnglandcoin (NENG) mining algorithm original upgrade ideas were mainly designed for decentralization of mining rigs on scrypt, which is same algo as litecoin/dogecoin. The way it is going now is that NENG is very suitable for bitcoin/litecoin/dogecoin hobbyists who can not , will not spend huge money to run noisy ASIC/GPU mining equipments, but still want to mine NENG at home with quiet simple CPU/GPU or with a cheap ASIC like FutureBit Moonlander 2 USB or Apollo pod on solo mining setup to obtain very decent profitable results. NENG allows bitcoin litecoin hobbyists to experience full node running, solo mining, CPU/GPU/ASIC for a fun experience at home at cheap cost without breaking bank on equipment or electricity. MIT Free Course - 23 lectures about Bitcoin, Blockchain and Finance (Fall,2018) https://www.youtube.com/playlist?list=PLUl4u3cNGP63UUkfL0onkxF6MYgVa04Fn CPU Minable Coin Because of dynamic difficulty algorithm on top of scrypt, NewEnglandcoin is CPU Minable. Users can easily set up full node for mining at Home PC or Mac using our dedicated cheetah software. Research on the first forked 50 blocks on v1.2.0 core confirmed that ASIC/GPU miners mined 66% of 50 blocks, CPU miners mined the remaining 34%. NENG v1.4.0 release enabled CPU mining inside android phones. Youtube Video Tutorial How to CPU Mine NewEnglandcoin (NENG) in Windows 10 Part 1 https://www.youtube.com/watch?v=sdOoPvAjzlE How to CPU Mine NewEnglandcoin (NENG) in Windows 10 Part 2 https://www.youtube.com/watch?v=nHnRJvJRzZg How to CPU Mine NewEnglandcoin (NENG) in macOS https://www.youtube.com/watch?v=Zj7NLMeNSOQ Decentralization and Community Driven NewEnglandcoin is a decentralized coin just like bitcoin. There is no boss on NewEnglandcoin. Nobody nor the dev owns NENG. We know a coin is worth nothing if there is no backing from community. Therefore, we as dev do not intend to make decision on this coin solely by ourselves. It is our expectation that NewEnglandcoin community will make majority of decisions on direction of this coin from now on. We as dev merely view our-self as coin creater and technical support of this coin while providing NENG a permanent home at ShorelineCrypto Exchange. Twitter Airdrop Follow NENG twitter and receive 100,000 NENG on Twitter Airdrop to up to 1000 winners Graphic Redesign Bounty Top one award: 90.9 million NENG Top 10 Winners: 500,000 NENG / person Event Timing: March 25, 2019 - Present Event Address: NewEnglandcoin DISCORD at: https://discord.gg/UPeBwgs Please complete above Twitter Bounty requirement first. Then follow Below Steps to qualify for the Bounty: (1) Required: submit your own designed NENG logo picture in gif, png jpg or any other common graphic file format into DISCORD "bounty-submission" board (2) Optional: submit a second graphic for logo or any other marketing purposes into "bounty-submission" board. (3) Complete below form. Please limit your submission to no more than two total. Delete any wrongly submitted or undesired graphics in the board. Contact DISCORD u/honglu69#5911 or u/krypton#6139 if you have any issues. Twitter Airdrop/Graphic Redesign bounty sign up: https://goo.gl/forms/L0vcwmVi8c76cR7m1 Milestones
Sep 3, 2018 - Genesis block was mined, NewEnglandcoin created
Sep 8, 2018 - github source uploaded, Window wallet development work started
Sep 11,2018 - Window Qt Graphic wallet completed
Sep 12,2018 - NewEnglandcoin Launched in both Bitcointalk forum and Marinecoin forum
Sep 14,2018 - NewEnglandcoin is listed at ShorelineCrypto Exchange
Sep 17,2018 - Block Explorer is up
Nov 23,2018 - New Source/Wallet Release v1.1.1 - Enabled Dynamic Addjustment on Mining Hashing Difficulty
Nov 28,2018 - NewEnglandcoin became CPU minable coin
Nov 30,2018 - First Retail Real Life usage for NewEnglandcoin Announced
Dec 28,2018 - Cheetah_Cpuminer under Linux is released
Dec 31,2018 - NENG Technical Whitepaper is released
Jan 2,2019 - Cheetah_Cpuminer under Windows is released
Jan 12,2019 - NENG v1.1.2 is released to support MacOS GUI CLI Wallet
Jan 13,2019 - Cheetah_CpuMiner under Mac is released
Feb 11,2019 - NewEnglandcoin v1.2.0 Released, Anti-51% Attack, Anti-instant Mining after Hard Fork
Mar 16,2019 - NewEnglandcoin v22.214.171.124 Released - Ubuntu 18.04 Wallet Binary Files
Apr 7, 2019 - NENG Report on Security, Decentralization, Valuation
Apr 21, 2019 - NENG Fiat Project is Launched by ShorelineCrypto
Sep 1, 2019 - Shoreline Tradingbot project is Launched by ShorelineCrypto
Dec 19, 2019 - Shoreline Tradingbot v1.0 is Released by ShorelineCrypto
Jan 30, 2020 - Scrypt RandomSpike - NENG v1.3.0 Hardfork Proposed
Feb 24, 2020 - Scrypt RandomSpike - NENG core v1.3.0 Released
Jun 19, 2020 - Linux scripts for Futurebit Moonlander2 USB ASIC on solo mining Released
Jul 15, 2020 - NENG v1.4.0 Released for Android Mining and Ubuntu 20.04 support
Jul 21, 2020 - NENG v126.96.36.199 Released for MacOS Wallet Upgrade with Catalina
Jul 30, 2020 - NENG v188.8.131.52 Released for Linux Wallet Upgrade with 8 Distros
Aug 11, 2020 - NENG v184.108.40.206 Released for Android arm64 Upgrade, Chromebook Support
Aug 30, 2020 - NENG v220.127.116.11 Released for Android/Chromebook with armhf, better hardware support
2018 Q3 - Birth of NewEnglandcoin, window/linux wallet - Done
2018 Q4 - Decentralization Phase I
Blockchain Upgrade - Dynamic hashing algorithm I - Done
Cheetah Version I- CPU Mining Automation Tool on Linux - Done
2019 Q1 - Decentralization Phase II
Cheetah Version II- CPU Mining Automation Tool on Window/Linux - Done
Blockchain Upgrade Dynamic hashing algorithm II - Done
2019 Q2 - Fiat Phase I
Assessment of Risk of 51% Attack on NENG - done
Launch of Fiat USD/NENG offering for U.S. residents - done
Initiation of Mobile Miner Project - Done
2019 Q3 - Shoreline Tradingbot, Mobile Project
Evaluation and planning of Mobile Miner Project - on Hold
Initiation of Trading Bot Project - Done
2019 Q4 - Shoreline Tradingbot
Shoreline tradingbot Release v1.0 - Done
2020 Q1 - Evaluate NENG core, Mobile Wallet Phase I
NENG core Decentralization Security Evaluation for v1.3.x - Done
Light Mobile Wallet Project Initiation, Evaluation
2020 Q2 - NENG Core, Mobile Wallet Phase II
NENG core Decentralization Security Hardfork on v1.3.x - Scrypt RandomSpike
Light Mobile Wallet Project Design, Coding
2020 Q3 - NENG core, NENG Mobile Wallet Phase II
Review on results of v1.3.x, NENG core Dev Decision on v1.4.x, Hardfork If needed
Light Mobile Wallet Project testing, alpha Release
2020 Q4 - Mobile Wallet Phase III
Light Mobile Wallet Project Beta Release
Light Mobile Wallet Server Deployment Evaluation and Decision
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