‘I hired a treasury service to increase my line of credit, which is smart’ (c) ICO

So... Are you done? Did you finish? Is your network dominating the world, making it a better place?

You raised money for a tech project, and instead of building stuff - you are hiring asset managers and diversifying your risks? Excuse me, did you not raise the money for building the product?

Your money must go into events facilitation, hackatons, ecosystem development and hiring developers. I did not contribute to your project for you to be running around buying equity, real estate and making your own VC which has no relevance to your project. Stop with those bullshit arguments about diversifying risks. You raise money, you build the product you promised, you launch it and market it. Otherwise you are a total scam. Period.

thx Vasiliy 🎨 ind.pn/2yfgMlK

NEWS: “Yggrash suffers from severe heterogenous deforestation”, reports our Korean journalist. - Sir, your heterogeneous forest has been cut down, sir 🌳

Send to a friend who invested in YEED.

OKEx, Bibox, KuCoin, IDEX, Coinsuper, Gate - which of those you would prefer to see your token get listed on?
anonymous poll

KuCoin – 130
👍👍👍👍👍👍👍 44%

OKEx – 81
👍👍👍👍 27%

IDEX – 48
👍👍👍 16%

Bibox – 20
👍 7%

Gate – 9
▫️ 3%

Coinsuper – 8
▫️ 3%

👥 296 people voted so far. Poll closed.

Rchain Drama ELI5
PS: thanks to @c0mm0n and @Daryllautk for raw info

- Greg Meredith (CEO of R-Coop) hired external devs (Immersion) to work on Rsong, agreeing to pay $23m
- They have a $6m payment due coming up, and Rchain has a major cash crunch

RSong, their music thing: https://drive.google.com/file/d/1S5be3cnHMe30gZRjEUqToQc5IkJ9po5s/view

PPS: I usually post porn, so making actual content is unintuitive to me - if there is something I missed, let me know 💁‍♂️

TL;DR let me summarize the summary for you: looks like they are rekt, sir.

When regulators come and we get STOs (liquid equity pretty much), it will be like this:
- You will not have access to the best deals
- You will still be buying shitcoins that are left
- You will buy good deals at x10 off the hands of funds

Wait… still sounds like ICOs but worse. You know what the difference will be?
- You will not have access to good deals at all (while for now you have crowdsale)
- You will have to submit 100 papers to KYC and etc.
- Your profits will not be x2, but 10% yearly

Go home and cry to your daddy regulator - or maybe start reading whitepapers? Your choice.

What is more painful?
anonymous poll

Holding shitcoin bags – 113
👍👍👍👍👍👍👍 71%

Having your ball bag stuck in a chair – 46
👍👍👍 29%

👥 159 people voted so far. Poll closed.

​​The results of three polls performed by the UK research association

1. I was very surprised to see KuCoin majorly outperform other exchanges in the voting list. This basically means that KuCoin can be called a TOP-3 exchange for alts when it comes to accessible exchanges after Binance and Huobi. What I mean by ‘accessible’ is that Bitfinex kills alts, and Bittrex/Bithumb are not exclusively listing coins, so they do not count. Quite a revelation for many of us!

2. People do not want to give up their salaries for blowjobs at their work desks (ok sure thing…)
3. Having your balls stuck in a chair is not as painful as holding shitcoin bags. An interesting finding as well.

UK research team will be back with more quality uncorrelating results!

Next up in the list: what is the correlation between BTC price and your weekly visits on pornhub.
The assumption the UK research team has stated is that with the growing market, hamsters get their adrenalin from trading and jerking off to their Delta/Blockfolio stats, hence pornhub loses their revenue. There is a rumour that pornhub is shorting BTC to not go out of business. More TBA.

In Prague. Getting an Uber.

Driver: oh I already went there this week, seems like there is some crypto conference going on.
Me: yep. Are you involved with crypto?
Driver: no, I don’t trust crypto.
Me: 🎤-drop

Normal people can’t care less about censorship-resistance, freedom of money and etc. There is only a very small market for this. That market is us, a few people in the echo-chamber. And projects are constantly trying to steal that audience from each other.

Stop raping the same market all over again. Instead of repeatedly milking each other for users, find a way to bring outsiders into this.

But make sure to have real use cases (don’t invent them!) and value proposition - not ‘we decentralize it all, give you freedom and kill banks’ - 99% of people don’t care about this. And I am convinced they will not.

BitMex report = TL;DR, but the part about huge ICOs is funny: given the large amount of token supply, who will buy this shit? All the demand has already been fulfilled OTC.

If I see yet another analyst running around and predicting the market movements, I will find him and stick a ledger full of xrp in his butt.

The life of Arthur:

1) make a bet which sounds ridiculous
2) open your own exchange
3) short the heck out of the asset
4) win

twitter.com/CryptoHayes/status/1066632167273320451?s=19

Amazon announced their blockchain stuff and some other database thingy - https://tcrn.ch/2RhHVNi. Already slightly debunked it 🤖

First glance, not a deep dive: https://news.1rj.ru/str/LTOnetwork/39572. So there is 2 things - blockchain (not actually) and QLDB - read up until Taariq trolling 😅

Continues here: https://news.1rj.ru/str/LTONetwork/39630. And again read up until and after Taariq trolling

Analysis of 0x protocol:
https://twitter.com/AntonioMJuliano/status/1070772101026480128

- FYI they recently released 0x Instant
- The architecture does not focus on bringing liquidity, which is the biggest problem among DEX’es
- ZRX token economy cannot capture value (trannoscript: yes, it is essentially a shitcoin from the use case perspective)

Is there a way for charities to create viral donation mechanisms with inherent network effects, that maximise both the amount donated and the number of people donating?
https://tokeneconomy.co/on-bonding-curves-and-charitable-giving-9bf74b9343d2

Token Economy strikes again.

Explaning what can be changed in charitable giving with the introduction of bonding curves (also explains that). Essentially, part of the money - about 10% - you contribute (let’s assume it is ETH) will become a liquidity pool. And as more people contribute to the smart contract, the more it will be and the more the price of an item will be. So early adopters are rewarded.

What I fail to personally understand is how this model is supposed to not encourage ponzi-style behavior. Let’s discuss @cryptocodereviews

Generalized mining - the next step towards UBI (universal basic income)?

Summary: generating token rewards for doing micro-tasks or services for the network. Like providing storage, or completing some tasks in order to get tokens (Livepeer) - to kickstart network growth (does not mean adoption though). Probably not suitable for funds as an investment model (LPs just want to see moon).

Article: https://tokeneconomy.co/generalized-mining-the-lps-perspective-f5dcbd0ed4e0
Good twitter thread: https://twitter.com/nlw/status/1070522881292070913
Great list of sources: https://messari.io/resource/generalized-mining