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

​​​​Token incentives

I finally got myself to do what I have been trying to start for months: research token economies in a more structural manner. Every day I keep getting more convinced that this space is not as much about the pure technology, but more about token economy designs, meaning economic incentives. That’s what makes the thing function!

Have you seen projects do great tech and being somewhat adopted, but their token does not reflect the progress at all? That’s it. Of course, we are still in the birth stage of that, but it is imperative to make sure that we design the systems in such a way where a token is imperative. That is subjective, but we are trying ^^

And it’s so clear that nobody really gets this at all, which what Coinbase proved yesterday as well: adding tokens not based on what they are about, but based on the companies behind them, which is absolutely ridiculous considering what people buy is actually actually a token! This is not equity guys, that’s not how this works

We will look at different projects, try to re-design their token systems, and figure out how to make people do what we want without external control and trust, like it is done nowadays. Researching articles and documents, figuring out game theory, looking at all interesting game designs and so on. Token design is the most fun thing, join us! t.me/tokenCODE

The role of a VC in crypto. What have we been jerking off to in 2017–2018?

There is already another good article on this, have a look at it. I will restate some of the misconceptions and hopium doses people usually take when they see big VCs.

First of all, let’s understand what a VC is. A high-risk investment arm investing in risky startups to find the next gem and profit from that. Out of 10 investments 7 will die, 2 will stay ok-stable, and 1 will outperform everything. Their model is to give money to teams and make them burn-burn-burn to exhaust themselves completely. For VCs that is normal: they have LPs, they need to make money. Don’t confuse yourselves. Again: they need to MAKE MONEY. Don’t go against nature and call an apple - a pear. It’s what they do.

Crypto VCs are different. First of all, they are not being managed by really experienced people. It’s because being experienced in blockchain is hardly possible, it started not long time ago. These people just mooned on some coins and decided they know evetything. Ask any project how VC calls go: those guys never did anything around IT probably, complete misunderstading. ‘What is your TPS’ - is a normal question there. Any developer would fok you in the eye if he heard such a thing. But the most important thing is the time to liquidity. You don’t have to wait 5 years to IPO, you wait just 1 month. You don’t need to work with the project and bring adoption there. You unlock and sell. Because again… VCs are here to MAKE MONEY.

So the usual VC approach of ‘extract all potential asap’ in a normal world, which is already very toxic - gets multiplied by the low time to liquidity. So here is what you end up with.

(fak this is already getting too long sorry)

VCs make pools and kill investment interest
VCs manage big money, if they make even 20% it’s already good. They just resell allocations to hedge their risks. A reputable top-3 Asian fund literally said ”We get in at seed for 2 million, how do you think we can liquidiate that on the open market?! We give allocations with a fee to our friends at private sale rates”. This kills investment interest on the secondary market because everyone who wanted to get in - already holds a bag. Polychain is no exception. I guess only A16z does not OTC, but maybe even that is wrong. If you see a pool, it’s not the project’s fault, but it’s the OG crypto VC.

So what can a VC potentially help with?
No1: resell your bags to lower food chain VCs -> so there are more big names => pump it
No2: make crypto events (those are 99% of the time useless, because nothing happens at events - except No1) -> so there are more hamsters => pump it
No3: introduce to exchanges (this is pointless - an intro cna be made by anybody, good exchanges cannot list 10 projects those vcs invest in monthly) => pump it
No4: introduce to influencers (by giving them a part of their bags) -> so there are more hamsters => pump it

There are some legit VCs though, but very few. Most are US based. CoinFund does cool research: like what a VC can do that is helpful to projects: that is generalized mining, for instance, but that might not be possible actually. Anyway, the interests of someone who believes in the project or who does not want to flip, probably do not align with the interests of a typical crypto VC. It also depends on WHY they back up a project: if they would not want to get in with no bonus or a longer lock-up, then they are backing it up just to flip and not because they actually believe in a project’s growth.