Cryptocurrency Mass Adoption & Internet Freedom – Mainframe Mick from Mainframe and I discuss the future of ₿itcoin and how to drive adoption. Links Summit https://decentralizedsummit.com/ Dawn of the Dapps https://www.youtube.com/watch?v=XVZxjVJz4ds Website https://mainframe.com/Disclosure: This is an unpaid interview for a project that was deemed worthy of research time, recording and posting for educational purposes. Furthermore, I currently hold MFT tokens, and I am excited about its future SUPPORT ME ON BITBACKER WITH CRYPTO https://bitbacker.io/user/cryptolark/RECOMMENDED EXCHANGES BINANCE https://bit.ly/2Dyvpps BINANCE JE – BUY CRYPTO WITH POUNDS & EUROS https://www.binance.je/?ref=35019746 KUCOIN https://bit.ly/2zLJKuv LIQUID – https://bit.ly/2Di72M2 COINBASE – GET $10 Free ₿itcoin for signing up! https://bit.ly/2zqeVfV ABRA – GET $25 IN BTC – https://invite.abra.com/p9lwV0WqCRCRYPTOCURRENCY HARDWARE WALLETS LEDGER NANO S https://bit.ly/2yZp4j5 TREZOR https://bit.ly/2qERryfCERTIFIED CRYPTOCURRENCY BROKERAGE Caleb & Brown https://bit.ly/2Feq8F6SOCIAL MEDIA – These are my only accounts, beware of scammers! TWITTER twitter.com/TheCryptoLark FACEBOOK facebook.com/TheCryptoLark TELEGRAM GROUP t.me/thecryptolark TELEGRAM HANDLE @cryptolark MINDS minds.com STEEMIT steemit.com/@larksongbird D-TUBE d.tube/#!/c/larksongbirdPODCAST – find me on I-tunes “Crypto Waves” https://bit.ly/2B0X1kHCONTACT E-mail [email protected] with business or event enquiries. DISCLAIMER Everything expressed here is my opinion and not official investment advice – please do your own research before risking your own money. This video may contain copyrighted material the use of which is not always specifically authorized by the copyright owner. Such material is made available for research or academic purposes. We believe this constitutes a ‘fair use’ of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, this video is distributed without profit, for research and educational purposes.Custom intro and tunes created by The Maker’s Initiative – Auckland, NZThanks for watching; please like, subscribe, and share if you found this useful!#bitcoin #ethereum #cryptocurrency #neo #elastos #litecoin #eos #ripple #ontology #monero #stellarlumenes #cardano #nem #dash #ethereumclassic #vechain #tezos #zcash #dogecoin

World economists finally realize that current financial systems are flawed and unstable. The world needs a much more stable and reliable currency. Blockchains were developed by scientists on an algorithm that could address the issues concerning Sustainability and Scalability. However, there still remained some questions unanswered. Time and again, the hybrid consensus mechanism of blockchain and various tokens revolving around it has also been in heated discussions.

However, very few networks have actually gone into addressing the interoperability issues that pose various bottlenecks for the trading community. Enormous transaction fees and lack of transparency are major hurdles in scientifically developed platforms; many cryptocurrencies failed to redress these issues. Cryptocurrencies like Tezos has gradually pervaded the mainstream consciousness and gained traction. It has stood the test of times and shall continue to do so provided it sees a mass adoption.

Even though transactions are recorded in the general blockchain, neither the sender nor the recipient and not even the amount transferred is in any way apparent to other users on the network. The entire framework of Tezos relies on zero-disclosure evidence, thereby allowing mathematical consistency of the entire transaction procedure, which is cross-checked without revealing any data or message on the other party involved in the transaction. Putting the power ultimately in the hands of the user, Tezos has regular upgrade schedules, which means this protocol is adaptable to meet the varied use cases of today and the unforeseen use cases of tomorrow. Tezos can trap fraudulent or spurious transactions by peers wherein a confirmed block can trace the preceding block.

Breaking free from the erstwhile Blockchain, Tezos was coined as another revolution in the world of second-generation blockchain in the year 2018. Fondly called a native cryptocurrency, Tezzie, Tezos blockchain is capable of hosting smart contracts and dApps. Now what makes Tezos stand out from its competitors like ETH, Bitcoin, and others is that here the decision-making is built into the blockchain itself. All the owners, i.e., investors of Tezos, the native crypto XTZ, vote on decisions related to the blockchain, including protocol changes. Approved changes are then automatically applied, as the blockchain is self-change capable.

This unique trait makes the entire protocol bring stability, especially with no major platform-oriented picture changes. Working on Proof of Stake (PoS) makes Tezos bring the advantage of lesser transaction fees to the table. In the DPoS system, where stakers are called bakers can lock up their tokens in exchange for the ability to validate blocks. XTZ Tokens with an average amount of rewards get distributed to bakers to wallets that have delegated tokens to the baker. This enables smaller token holders to participate in the validation (and reward) process if they hold less than the required amount to become a full baker.

Tezos is also actively involved in reshaping legislation and compliance to innovative commercial standards challenging the current ecosystem. Team Tezos realizes that blockchain’s full potential can be harnessed only when the fundamental framework is in place to make this revolutionary technology a dream come true. A well-manned team of dedicated professionals and scientists of Tezos includes Hubertus Thonhauser as the Chairman with Alexis Bonte, Daniel Masters, and Marylene Micheloud as Members of the Tezos Foundation Council. The Executive Committee of Tezos has eminent names like Ulrich Sauter (General Counsel), Arthur Breitman (Co-Founder and CEO), and Roman Schnider as the Chief Financial Officer.

The Die-hard users of Tezos would always advocate using XTZ in place of fiat money. Many Tezos supporters believe that digital currency is the future. The factors leading to XTZ adoption by institutions and companies primarily are based on the following fundamentals:-

Companies can build Tezos-based private / permissioned blockchain networks using its plug and play feature. They can plug the private blockchain solution into the public Tezos mainnet. Tezos interoperability keeps companies’ blockchains updated. It provides them global expansion, a vast network of users and DApps (Decentralized Applications), and continual developments and upgrades. Enterprise Tezos refers to a defined set of guidelines and technical specifications to accelerate blockchain technology adoption among enterprises. The specifications provide businesses with the ability to leverage both Tezos-based private chains and the public mainnet.

As with any other digital currency, Tezos (XTZ) is the subject of absolutely different points of view. Some people like Tezos, while others do not favor it much. XTZ is regarded as one of the most debated digital currencies. Some people think the project lacks an approach plan and the controversial PR stunts of its founder. Nevertheless, there are a lot of others who actually believe in XTZ price prediction.

Currently, XTZ price is trading at $4.19, with an almost 10% hike over the last 24 hours. The market capitalization of Tezos is $3,143,813,826.81 with 759,618,585 XTZ circulating currently. Ever since its inception, the token has been competing hard and strong against its rival cryptocurrencies. Once or twice in the year 2020, it had witnessed the highest escalation in price around $4. But this trend did not last long and fell to $1.03. By November 2020, the Tezos (XTZ) price faced a correction and breached an active support level, but surprisingly pandemic seemed not to affect Tezos. On the contrary, it showed an altogether different movement. In June 2020, it continued to have an upward swing, with Tezos price trading around $2.07.

However, going by the technical price analysis, Tezos has shown tremendous potential consistently performing and recovering the lost value. XTZ today marks a tremendous momentum leading to quite a bullish pattern boosted by strong growth despite the few pullbacks.

XTZ, the native token that is traded on various exchanges by millions of users worldwide, is yet to position itself in the mainframe of investment-worthy currencies. However, this crypto asset is to gain traction with investors as the market shows uncertainty towards its inherent potential. It can be clearly defined that Tezos, listed as XTZ on various exchanges, has positioned itself among many of the top currencies but to stay at that level, it has to exploit its maximum potential.

While the pivotal developments have impacted the XTZ/USD price, pushing them in a positive direction, the market seems to be holding a lot more promise in the years to come. A hurdle in the way of the prosperity of Tezos cryptocurrency is that it is massively reliant on decentralized Apps for which the prices are purely dependent on market movement. The rivals of Tezos viz. ETH, EOS, and Monero are competitors of the equal game. Hence to expect a very high windfall profit on XTZ is entirely DApps market-oriented.

Tezos price prediction 2020 has truly somersaulted in the last year, totally transforming the trend from the beginning towards the end of the year. XTZ has had a historic journey throughout. All said and done XTZ  trend has been quite aggressive, leading to a very optimistic path. The coin may grow in leaps and bounds, especially for alliances. New Partnerships would bring XTZ to the limelight, making it the center stage for investments and a socially esteemed cryptocurrency. In the process, more transactions shall be executed with every passing second, which may prove a tough challenge for crypto rivals of XTZ.

The end of the year 2020 was a challenging year with eagerness to say bye to. Mainly due to pandemic negative trends prevailing bringing the coin to 90 cents. However, the beginning of 2021 meant XTZ could bid a bye to all negative and pessimistic trends for the world of cryptocurrencies, especially for XTZ. It could mean the start of an era of hopes and promises full of optimism. There could be a forecast of miracles in the world of cryptocurrencies like XTZ; there could be magic in the short term. Five years is a long time. Expert investors of cryptocurrencies always plan for the long term rather than the short term.

Mega Crypto: “Tezos price has a bright future. It may have got slightly affected by bears but will see the bullish future price ride around 2024, and its price may blow the roof crossing $50.88.”

Smartereum: “Being based on a logical algorithm, Tezos has both short term rally as well as long term potential advantages. The price may reach $5.40 end of March 2021.”

Long-term technical team: “XTZ price might surprise investors reaching a peak of $20.37 and by 2023 going up to $30.”

Longforecast: “Tezos has attained one of the top 10 positions in cryptocurrencies in 2020, and the performance might be thoroughly maintained in the coming 5 years too.”

Coinliker : “It is regretful that Tezos (XTZ) seems to be showing negative sentiment. The bears will pin it down like other crypto giants too. It may disappoint its investors sailing barely at $3.12 and that too with difficulty.”

Oracle Times : “ Irrespective of its adoption, Tezos will tend to face heat till January 2022. Going by predictions that bulls may be back, the XTZ price should end up slightly higher, say by 2024 $15.38 at best.”

Trading Beasts: “There is hope for consolidating trends that point towards the fact that there is hope for Tezos and show it may go on a higher sentiment.”

Crypto Rating : “Tezos (XTZ) price might grow threefold in six years, say by 2026, it should have a clear rally around $20 to $30.”

Wallet Investor : “It seems Tezos is doomed. It has lost sheen by almost half of current price stooping to as low as $10.25 by the first quarter of 2021.”

Satis Group : “The results are not very encouraging as the bears may be back for XTZ pushing it down to $1.6 in 2021.”

Mati Greenspan : “XTZ is an adventurous project and one of the rapidly growing segments. It is more bulls than bears. It is not a hype that it would cross $50 in 2023.”

Brave New Coin : “ Compared to what Tezos (XTZ) was in the last year, it sounds highly bullish as the currency has shown a reliable consistency. By this year’s end, the Tezos price should easily swing around $15 to $20.”

Volatility, of course, as conveyed time and again, been the apple of discord, but that holds true for any kind of currency wherein factors stated hereinabove influence and impact the price of a digital asset, Tezos being no exception either. There are also specialists involved in the analysis of prices and the execution of transactions online. The cryptocurrency is capable of generating tangible income, which attracts users Tezos community has set higher benchmarks for itself notwithstanding. Tezos shall surpass the expectations of all cryptocurrency investors who have found this platform extremely interactive and uncomplicated.

The gradual but steady rise in the price of Tezos may not have won it the topmost cryptocurrency award, but smart investors have learned to wait and watch for this asset to perform and work wonders on exchange. More importantly, even though the recent performance of Tezos has not skyrocketed on the exchange rising to glory, one prominent fact that emerges here is Tezos is here to stay, rise, grow in the markets in full bloom. 

Competing and bracing in the tough markets, XTZ is a digital cryptocurrency that has elevated its own stature, being called a digital or virtual asset with no logistics or state borders constraints. It is one cryptocurrency that refuses to bow down to central government pressures or be chained in defective and regulatory monetary shackles. Pandemic has brought to its fore a technological revolution that has shown a beacon to investors in the form of XTZ, and guesses what? All with just an internet connection and a smartphone! Tezos has made it possible for everyone to store and transfer value in a currency that is resistant to manipulation.

Tezos saw the opportunity to take power out of the institutions and provide a better service, and the people responded. XTZ operates universally, i.e., for the first time, there is a possibility of a global currency. With a truly international currency, possibilities for global economic growth and social equality are endless.

Backed by an enhanced decentralized accord and reinforced network, XTZ aims to offer a deep-seated advantage to its users by distributing its rewards mechanism. The vision is to aid the decentralized applications in XTZ, consuming lesser energy and offering more reliability -all with a rocketing speed. All the same, this vision is achieved by providing the unending capacity of XTZ’s main network.

Working hard to change the world map of technology, the entire ecosystem ensures that participants benefit from blockchain-enabled functional advantages. XTZ facilitates gains and builds hope; XTZ enables convenience and nurtures faith, helping users build fortunes deploying different Decentralised App functions. Once the developers join the brigade, they are benefitted from a vast range of rights, including deploying DApp in Tezos net, growing their businesses exponentially gaining traction as influencers and thought-leaders.

It would not be an exaggeration that this priced cryptocurrency might break all the barriers and withstand the test of time, scaling a peak of $30. With fiat currencies unable to sustain themselves in the wake of the pandemic, this might come as a reprieve for all XTZ investors leading them to the path of high hopes and aspirations to transact in Tezos. For informational purposes, one may read the technical analysis with RSI level, bands, etc., and news reports of the crypto market and keep tracking the XTZ coin price forecast every 24 hours.

No doubt, an easy-to-use Tezos (XTZ) is good; it is more functional and promising when it is easy to spend. Tezos established a fast, reliable network and worked with the user experience of the product. These features can help the XTZ price increase much higher to the new all-time high around the $20 mark. If the drive for functional crypto continues into 2021, the Tezos price changes may even see a parabolic move in 1 year. 

If all market factors turn in favor of Tezos, this cryptocurrency price shall perform exuberantly, scaling the peak as aforesaid. Transgressing all limitations over the next year, even though it may show some sluggish trends, it would surely show signs of fortune for its investors. Backed by robust smart contracts, the Tezos price may easily touch $30 by the end of the year 2022.

The masterminds carve the functionality behind Tezos cryptocurrency. Hence over a period of, say, 3 years, the token is set to pick up the pace with other coins to arrive at a price of $35-40 clearly. Investors, however, need to watch out for any unforeseen factors. Nobody could predict the Pandemic!

Keeping in perspective, there are no boomerang effects in the cryptocurrency markets, Tezos is all set to affirm its strong position as a major attraction among its investor community. The road ahead is full of petals provided the investor confidence keeps booming, resulting in a major push to the Tezos coin price, taking it across all barriers scaling $50.

A jaw-dropping optimism is also predicted for the XTZ price, mainly due to its consistent performance over the years. Hence this year will be a mega bonanza for the cryptocurrency market as the prized digital asset will surpass all expectations and surge ahead of its major resistance level. Seeing a rise like never before, the Tezos price is sure to cross a new all-time high of $60 from where it stands today.

Many crypto market mentors fear that it may see some ups and downs. However, these apprehensions may not hold for long. As finally, the Tezos coin will stabilize to bring gallant returns for its investors.

It all depends on the team activity, potential technological breakthrough, or high-level partnership. As agreed before, Tezos has to do a massive overhaul in building partnerships and collaborations that increase visibility and infuse more funds into the project, making it relevant for all the users and investors alike. It would be then increasing in price manifold.

Pandemic has been a true touchstone for fiat and cryptocurrencies. With regulated world economies moving towards recession, it is proved beyond doubt that digital currencies shall rule the financial kingdom. Most certainly, Tezos is going to be one of the most crucial kings of this wild. Emerging as an extremely dynamic and vibrant force, Tezos is going to be the pick and choice of investors to buy or sell, mainly because it has stood the test of time, and also investors have found a factor of reliability embedded in this token.

Undoubtedly, Tezos (XTZ) has great potential and would tend to be the most attractive cryptocurrencies mainly because of high transaction security coupled with speed scaling a peak of $40 for sure on a more in-depth technical analysis.  What remains to be seen is how the mining gets the attention of Governments worldwide and whether they too recognize the inherent value of this crypto asset at par with other valuable assets—no wonder the ever-active team of qualified mathematicians and cryptographers are developing and maintaining the cryptocurrency.

Hence it would not be an overstatement to name the function of Tezos (XTZ) as catalysts in implementing smart contracts and transfer funds. The most valuable factors that propel the price of Tezos (XTZ) are the speed and affordability that enable quicker improvements implementation.

Predicting price fluctuations of risky asset classes is a thankless task – the best answer is no one knows. It is always recommended that investors do their own due diligence and go through the price trendlines to make their own wise decision.  

Being a tough nut to crack, XTZ has given sleepless nights to many competitors. The list is endless like (TRX), Fantom (FTM), Nervos (CKB), Binance Smart Chain, dForce (DF), ICON (ICX), Elrond (EGLD), Gravity, Waves (WAVES), and others too.

Tezos stands out as a unique digital asset. One does not face any privacy issues with Tezos mainly because of its salient characteristics. Tezos gives you the major advantage of keeping your information in the process highly private and non-transparent.

A plethora of product portfolio makes Tezos an apple pie. Tezos is a great attraction for those looking to make money in the short term with wise decisions. From offering crypto loans, earning interest to making huge savings, Tezos gives an investor all the benefits packed in one. Of course, many other cryptocurrencies depreciating have made the investors look for greener pastures, why not Tezos be that one?

No false promises absolutely. What Tezos guarantees are a world full of benefits. It all depends on your wisdom to invest your money in Tezos with due diligence and prior spadework done.

The scientists and mathematicians have been mathematicians for Tezos. They have evolved a system whereby all transactions are regularly monitored, and any minuscule suspicion is eliminated to protect the data. Allowing no dubious key image or transaction similarities, the miners of Tezos ensure sure there is no double-spend.

People these days are turning wiser. They do not fall for advertisement propaganda. They see the real worth, they see the real performance over a period of time demonstrated by XTZ and make wiser moves. Naturally, Tezos stands tall on all scores of transparency, science, and decentralized asset advantage.

Many investors have this small trouble that sometimes pops in. The reason is some software does not allow Tezos considering it could harm your system. However, with some KYC in place and creating an exception in your anti-virus, you can smoothly sail in with Tezos.

Based on a typical scientific algorithm and harvesting on the advantage of blockchains, Tezos offers its investors a foundation they can rely upon with the wonderful gift of XTZ. This digital coin incentivizes a global network of computers to provide reliable, real-world data to smart contracts.

The credit goes to investors. They have confided in Tezos, assuming it would scale zenith, making its mark in the world of cryptocurrencies. Tezos has bagged their confidence purely based on its merit. Tezos has proved its mettle against its competitors. Undoubtedly Tezos would be worth an investor’s hard-earned money.

Currently, the trending supply is 759,724,391 XTZ in the market. It all depends on how fast the Tezos price rises or how quick the demand? Users need to watch out on exchange to track for their contracts.

Even though the Pandemic is on a receding stage, most of the world economies have dwindled. Some of them have even got their roots shaken. Even the biggest Sams have a tough time catching up equilibrium with fiat. Why not give Tezos a chance? It may be a small fish in the crypto ocean, but it won’t take long to become a big shark.  A timely decision and a strong faith are all an investor needs!

All renowned major exchanges of the world carry the hallmark presence of Tezos. Compliant exchanges also give you the facility of directly trading Tezos for fiat currencies like USD, EUR, GBP, etc., or other cryptocurrencies on many exchanges. Investors can also benefit from the block rewards program on Tezos.

One can say Yes and No. It depends, as said previously, how wisely you invest in Tezos. Have you read our XTZ price prediction diligently. Are you watching the movement of XTZ on the exchange meticulously? Then indeed, you have your dreams of becoming a millionaire coming true soon. To have a big gain, you need to dream big and invest big. The responsible platform of Tezos does not guarantee any overnight billionaire dreams coming to fruition.

China’s Center for Information and Industry Development has released its latest crypto project ranking. The center evaluated one more crypto project this month, bringing the total number of ranked projects to 34. Bitcoin has been downgraded while the top two positions remain unchanged.Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive RegulationsThe Center for Information and Industry Development (CCID), under China’s Ministry of Industry and Information Technology, released its eighth crypto project ranking update on Thursday. Thirty-four crypto projects were evaluated this time, with Ontology as the newest addition.EOS remains number one in the overall ranking, followed by Ethereum. Ontology debuted at number five. BTC dropped from the 13th position in the previous ranking to the 18th position, while BCH fell one place from the 29th spot to the 30th. Dwelling at the bottom is Decred, with NEM and Litecoin ranking just above it.Ontology describes itself as a distributed trust collaboration platform. Its “blockchain framework supports public blockchain systems and is able to customize different public blockchains for different applications,” according to its website. The center specifically evaluated Ont ID, Ontology’s protocol for a “complete distributed identity framework supporting identity verification and authentication for people, assets, objects, and affairs.” According to the CCID:Its [Ontology’s] main network was launched in June 2018. In this assessment, Ontology has outstanding performance in basic technology and application, with a composite index of 112.6, ranking fourth in the [overall] list.The 34 projects were evaluated overall as well as in three separate categories: basic technology, applicability and innovation.In the basic technology category, EOS, Bitshares, Steam, Gxchain, and Ontology top the list this month. NULS has improved rapidly in this category, the CCID revealed. “According to the evaluation model, the basic technology [category] mainly examines the technical realization level of public chains, including functionality, performance, security and decentralization.”In terms of applicability, the top five projects are Ethereum, NEO, Ontology, Nebulas, and Qtum. “The new Ontology replaced Dash in the top five,” the center wrote. “The applicability [category] mainly evaluates the comprehensive level of public chain support for practical applications, including node deployment, wallet application, development support and application implementation.” As for the innovation category, the top five positions are occupied by BTC, EOS, Ethereum, Komodo, and Cardano.What do you think of this crypto project ranking? Let us know in the comments section below.Need to calculate your bitcoin holdings? Check our tools section.International cryptocurrency payroll service provider…Read MoreCryptocurrency news blog and investment strategy guide. All you need to know about ICOs, education, reviews, mining, and more.

News this week that R3 and IBM are working together raised eyebrows, because each entity has been on different and competing sides since the early days of enterprise blockchain.

From next month, the commercial version of Corda (the version big banks and the like are paying R3 for) will be made available via IBM’s LinuxOne servers, delivering a hybrid of on-premise and cloud offerings. R3 announced the news at its annual developer conference, CordaCon.

Blockchain tribalism – R3’s Corda competes with Hyperledger Fabric, the enterprise blockchain heavily backed by IBM – has been put aside in favor of commercial sense, it seems. IBM’s LinuxOne business is far bigger than its nascent blockchain concern, while many large banks that have vendor relationships with IBM use Corda.

“This started an interesting conversation in IBM, where LinuxOne came to us and said they wanted to work with us,” Charley Cooper, managing director at R3, said in an interview. “If you’re a highly complex, heavily regulated industry, and you want the best technology but you want the name brands to take to your risk manager to say, ‘Trust us, we’re picking the best vendors,’ now they’ve got the best of both worlds.”

The enterprise blockchain space, which attempts to retrofit Bitcoin’s distributed ledger technology within the private settings of big companies, has evolved into three broadly separate camps: R3 Corda, Hyperledger and enterprise variants of Ethereum such as Quorum.

There has been some crossover between these tribes. IBM, for instance, has also experimented with other DLTs such as Hedera Hashgraph, and also with the Stellar blockchain, but the vast majority of Big Blue’s blockchain efforts are focused on Hyperledger Fabric, which is the basis of the IBM Blockchain Platform.

“While there’s some sort of tribalism within the blockchain community, it’s not so in the broader technology community,” said Cooper. “They’re not tribal, they want to see if they can deliver for clients. And if they can, the flavor of blockchain is not a concern for them.” 

R3, while also being a member of Hyperledger, is known to be a scrappy contender when it comes to closing commercial transactions.

Times have changed, said HACERA CEO Jonathan Levi, one of the original engineers working on Hyperledger. The market is moving very fast, and these business networks are becoming specialized, he said.

“R3’s decision to leave the table and to build their own ecosystem on one framework, helped them move a lot faster,” said Levi, referring to the early days with IBM, Intel, Cisco, R3, Digital Asset and others around the engineering whiteboard back in 2016.

“This is a great moment for our friends R3 and the Corda ecosystem, and for some of IBM’s customers who rely on mainframes,” he added. “I believe that we will see more multi-party systems that rely on open standards and provide more optionality and security by having multiple vendors involved.”

Hyperledger Executive Director Brian Behlendorf said that IBM’s services unit offering support for R3’s product is not unlike its support for Oracle databases or Microsoft operating systems.

“This is yet one more example of what we’ve been saying since our inception, which is that the enterprise blockchain space is really big and will continue to be served by more than one protocol,” Behlendorf told CoinDesk via email.  

There is support for Corda in four different Hyperledger projects, said Behlendorf, pointing specifically to Hyperledger’s interoperability layer, Cactus, which offers an integration toolkit between Hyperledger Fabric, Corda, Quorum and Hyperledger Besu-based networks.

“Congrats to R3 for their continued commercial success, it helps all of us in the enterprise blockchain space,” Behlendorf said.

How do you actually calculate the price of Bitcoin tokens?

We have heard a lot of superficial price speculation concerning Bitcoin in the past few years. Most of it came from people who have no education or expertise in the field of price analytics though.

That is why we caught up with equity analyst John Pitts to talk about Bitcoin, theory of money, price valuation of tokens and more.

Hi, John! Kindly introduce yourself and tell us how you became involved in Bitcoin SV.

Hi Michael! First, I just want to say I like your series. My favorite is your interview with Ryan X. Charles, which had a lot of stimulating information for a single interview.

I like to say BitCoin Satoshi Vision is the gold medal Olympic event I’ve been training for my whole life. It satisfies a culmination of everything I’ve done in my life to date, so when I discovered it I finally understood the concept which clergymen have named “the calling.”

The culmination, to which I’m referring, involves three things mainly: technology, game theory, and business.

My technology background started in school with writing BASIC into a Tandy TR-80 in about 1979 as well as entering math competitions from childhood through high school. I got hooked on science in about 4th grade when I was able to solve a problem on an International Mathematics League contest that my math-professor mother couldn’t solve right away. She was an amazing teacher, but it was a bit of a trick question which was best solved without doing math at all! The question was: if 5 people each shake each other’s hands just once, how many total handshakes will there be? It changed how I think about problems forever, from then on I savored the alternative take on things, and sought the toughest challenges. That led to Math & Physics degrees at college, and a five year stint in the nuclear submarine Navy as a nuclear reactor engineer. But tech and science wasn’t my only love—I’ve wavered to and fro.

Whereas the game theory background has been a life-long affair with games which started with Board games like Monopoly, blackjack & poker and continues today via analyzing business strategies. When I was stationed in Idaho at a nuclear prototype, we made road trips to small Nevada gaming towns after reading a book on how to count cards in 21. As a math guy I was super skeptical at first, but it worked. I only did small potatoes amounts, but found it amusing later when that story about the MIT blackjack players got popular—they added an important strategic wrinkle to card-counting which allowed them to make millions instead of hundreds by leveraging personality and sociology. 

You can see how that has implications towards the foundation of BitCoin—multiple fields of study give you an edge over the one-dimensionals. It was not lost on me, but 21 led to poker, and then to business which is far more intricate and therefore interesting.

I say “back” to business, because that itch began being scratched as early as 5th grade with a pen fixing company, which I’ll never forget was capitalized with $2.50 in coins amongst some 11-year-old “partners”, LOL, and continues today as an equity research-based portfolio manager. When I handed in my dolphins (the submarine pin equivalent to “wings” for pilots) I settled on making a career of professional “stock picking,” or equity analysis/research. I specialized in looking for the best companies in the world with a 5-20 year investment horizon. 20 years of research, especially forays into financial payments companies like Paypal, Neteller, Alibaba, and Square, and that dose of alternative thinking from my childhood experience, always kept me interested in looking for a solution to what I’ve called “the #1 problem in the world”: the silent taxation of money printing. Until early 2019, I thought the ONLY solution to that problem was a return to the gold standard, but now I think it’s very possible I’ve been wrong.

Money printing began in earnest in the early 1970s with Nixon leaving the gold standard permanently, and the world’s nations have roughly been using no-asset currencies for 50 years now. Alternative money systems piqued my interest starting in 1999 starting with eGold and GoldMoney. On an interesting side note, in 1999 I also found some interesting blurbs which piqued my interest, from a Canadian company called Zero Knowledge which was making routing software that was a precursor to Tor. But every system which shirked the U.S. dollar, I found flaws. My historical research which goes back practically to the discovery of electrum in Crete, confirmed for me that all money MUST be backed by an asset or it’s doomed to catastrophic collapse. Prediction: BTC and ETH and all the others WILL go to zero over time; I’ll put that out right now in print.

In parallel with this money problem which began ironically when I (and Craig Wright, we are the same age) was born, my dives into internet and technology companies kept me a long study of how computation evolves and where it’s going. I was born at the perfect time to watch green screen mainframes turn into personal computing with the Apple II and Windows, to a server-clients architecture, to distributed clients like Napster & Kazaa, to the internet and then cloud computing. I thought it was game-over with Amazon Web Services, Google Cloud, and Apple iCloud, and again I’m finding I’m wrong! But I’ve been wrong TOO many times to ever stop looking for what’s next; plus, I’m a futurist at heart.

As for BitCoin, it came onto my radar in late 2010 or early 2011. Some say it was “bitcoin pizza” which led to bitcoin’s coming out of the closet, but I say it was Mt. Gox. Mt. Gox gave it a fluctuating price like it was frozen orange juice futures or porkbellies, and some way-off-the-radar blogs I used to read sometimes had a write-up about it. All I remember was someone calling it “nerd money,” and it was described as being used by coders to pay other coders for small jobs. I dismissed it. Then I had a partner at my New York City investment fund who came in one day asking me (the tech analyst) about bitcoin and I sheepishly had to admit I hadn’t put any real research work into it. He happened to have met Roger Ver in his jiu jitsu gym, and Roger gave everyone 1 BTC during his visit to New York. My partner at the time didn’t know anything about Roger, to him it was just “some guy” until he figured it out later when Roger got the title “Bitcoin Jesus.”

In 2011 I started paying attention, but I didn’t take bitcoin seriously due to what I’d call an investing “exclusion principle.” My exclusion principle for anything attempting to imitate money is very simple, and that criteria is described fully in the “What is Money?” article I published on Medium and CoinGeek—or the “wampum article” as my family calls it.

Exclusion is an investment method I use to maximize efficiency in finding the needles in haystacks which are amazing 10-25 year investments with ginormous returns. It means I look for easy ways to DISMISS ideas, so that I can focus on what remains. When I took iOS programming course at the exclusive Lambda School last year, I learned binary trees (which are part of Bitcoin’s scaling methodology as “Merkle Trees”), and if you’re familiar with those my exclusion principle is similar if not more drastic. In binary trees you eliminate the bad half, and do that over and over ‘til you find “the one”. My exclusion is more like: find a rule which eliminates 95% noise and then search the 5% for the answer.

The MONEY exclusion principle:

Money is ALWAYS backed by an asset, else it’s simply not a candidate for being money.

Turns out from 2010 to 2019 I didn’t dig deep enough into Bitcoin itself. I had looked at Litecoin when it came out—excluded it. Looked at the new wave in 2016, I think I focused on Steemit as an interesting concept since I was into writing, and dismissed it. I still like Steemit’s platform for writing, but I recognized in mid 2017 its undoing was going to be the messed-up money-tech it was using. To me it was a classic Ponzi scheme, and it really had me dismissing everything in crypto at that point. I should have known there was a needle in that almost trillion dollar haystack, but the collapse in 2018 of cryptocrap convinced me my exclusion principle was saving me LOTS of time and money. There was one last itch to scratch which led me to BSV, the love of games led me down the path. 

Who is Satoshi Nakamoto?

It’s this kind of puzzle which entertains me greatly—a conundrum to solve. It’s very hard to hide in this world, but this Satoshi was pretty good. I used to read anything that had to do with that topic, even after I determined cryptocurrencies were Ponzi schemes. In late 2018, I came across a tweet stating that the Andrew O’Hagan article is a good read but maybe for the reverse intent of the author. The article had the opposite effect on me, and this Craig Wright guy seemed to possess every characteristic with which I’d grown familiar meeting and studying the great business stories from my career as a tech company analyst. I began reading and watching everything he wrote or produced.

Each article or interview made it more obvious to me he was Satoshi, and after a couple months I was convinced 100% it was him. YET, I still didn’t think of his BSV spinoff, nor its mongreloid cousins BTC nor BCH as anything but Ponzi money. But he was the only person making any coherent sense on the topic of bitcoin, and I had read all the material put out by the Antonopolouses of the world. They all just sounded like coders speaking in gobbledy-goop nerd terms, making themselves sound smart but not backing up anything logically. I knew from my dotcom era days how to spot what I call “overspeak” as a technique to deceive Wall Streeters who don’t know their tech. Financial types routinely fooled Silicon Valley geniuses in the area of finance, the Google IPO was a perfect example of this. But Silicon Valley was also able to fool Wall Streeters via the same method, taking advantage of the other side’s ignorance. I liked to play the fool on both sides, and see what they’d say. So when I read all these supposed BitCoin “experts” it sounded like tech double-speak. GOOD tech is explainable to layman; bad tech isn’t—but can be made to sound the part. Doctor Wright was different, his articles had logic, and math you could verify yourself.

What really tipped me over, was Craig’s write-ups on both selfish mining and BitCoin Turing complete. Selfish mining was easier for me, because I could read the nonsense Rizun and others were using to discredit CSW. They used a basic probability-101 argument to make it seem like Craig didn’t know the first thing about math. I couldn’t verify Craig’s math, not my specialty area as I’m an algebra & calculus guy, but I knew enough to understand the boundary conditions of the problem. Rizun et al didn’t. Craig’s answer, just like his answer to Szabo (who for a short time I thought was Satoshi, until I read his California seashells blog and realized Szabo didn’t understand money) on Turing Completeness was VERY exact and described the boundary conditions of the actual problem PRECISELY. I’ve got news for Rizun, he lost that bet, and he probably knows it at this point.

But all of this was of zero consequence to me, in the realm of digital money solving the money printing problem, until Easter Sunday 2019 when I was listening to a YouTube of Dr. Wright and he hinted BitCoin was a commodity and backed by information. I’m pretty sure it was CSW who defined the difference between data and information to me. Data is stuff, and information is stuff but with a value. Random sentences clipped from a book is data, but listening to Carl Icahn specify which company he was going to acquire next week and why—that would be information, right? Anyway, on Easter Sunday I had an “a-ha moment” stemming from how computation would back the money. Chills ran down my spine, and I realized Wright might have it, the first version of money which can compete with gold and silver in 3,000 years.

I began telling everyone I could, both Wall Street and retail level, to get themselves a heap of BSV. I did a quick analysis of the best stocks of my lifetime, and determined BSV was never going to go lower than it was then $50-60. I can show that analysis in a future article, it’s interesting. Now BitCoin is interesting because every time you say “I totally get it now, I understand 100% everything BitCoin does and can be”, you realize there’s another patch you don’t understand. Brendan Lee and Satoshi himself got me over to the first one at the CoinGeek Seoul conference. Brendan Lee explained how Nodes will be able to set fee prices dynamically, in about a paragraph of talking. Craig explained it in one sentence! I was floored, but I got it immediately. Just a couple months after CoinGeek Seoul, what Craig explained in one sentence happened exactly as he described: the WeatherSV & Mempool (Node or “Miner”) deal which lowered fees from 1 satoshi/Byte to 0.2 satoshis/Byte. In Physics this would be like hearing Einstein describe gravitational waves theoretically, and just a couple months later an experiment proved him (W)right. (Einstein’s relativity was completed by 1915 and it took 100 years until LIGO project proved gravitational waves in 2016!)

My favorite human being in history is Thomas Edison, with the Josephson biography as my favorite book, and I realized there was a modern equivalent walking around and no one seemed to know it. My next article describes this phenomena with historical precedent (a favorite mechanism I use in business), it’s an article about the Wright Brothers I wrote immediately after “What is Money?” but I’m still editing it in my spare time. It’s long, but almost done. Just shaking his hand was a great honor, as I consider him someone who tackled and solved a Herculean feat of intellectual achievement.

CSW is obviously a very busy guy, but you can get quick gems out of him occasionally.

The son of a gun did it to me again earlier this year as he answered my toughest BitCoin question about data-on-chain and how it would work beyond OP_FALSE OP_RETURN (which devs used in 2019 and still use today). This time he didn’t waste a full sentence, but answered in ONE WORD! OP_PUSHDATA. I spent 6 months researching that word to death, and the result is my “What is BitCoin?” article. 

I average making about $5 per month from writing in 2020, I don’t know how you do it Michael!? But the work put into an article like that, isn’t for the $5 per month, and it’s more than just a labor of love too. It’s research I’m going to implement in SLictionary and Hilarist, the apps I’ve been developing with partners since the CoinGeek Seoul conference. Understanding BitCoin’s secrets is the key to being able to create a great business model that withstands the legions of competition I think is coming in the next 12 months. Do you know Game of Thrones? I’m not much for fantasy, but I can assure you “The Whitewalkers are Coming” while everyone is running around discussing who is Satoshi in the small BSV community of Westeros! LOL.

Posted this the day before my “a-HAH” moment that BitCoin was an actual commodity and therefore had real value. Immediately began recommending 1-10% position in BSV which back then was $50-60. CSW’s videos & articles were instrumental.

I’m now over 1.5 years into heavy research into BitCoin, the original protocol, and I STILL have a nagging “big question” on my mind. Like clockwork, I think I understand BitCoin 100% and there’s another layer to the onion to unravel. Lately I’m tackling the dust limit and pruning. You can read in the last third of my article what I’m thinking, and it’s crucial to me and my partners for how we will design our apps so we can easily kick dirt at the “White Walker” Johnny-come-latelies. (Never underestimate a dim but determined opponent).

I’m climbing the chain with my questions again, asking the best minds I know in BitCoin—been conversing with Brendan Lee, Xioahui Liu, unwriter, Shishido, and others. I suspect this time CSW might be a little more coy, as he’s got patents to protect as well as products like TeraNode and Metanet protocol to unleash to the world. He remains a secretive nut to crack, the bugger! Again, perhaps I can describe this nature in the Wright Brothers article? As a writer you’re never sure if the reader is receiving what you’re transmitting, you know what I mean, Michael?

The more I learn about BitCoin SV the more convinced I am that it’s one of the greatest inventions of my lifetime. Because of that opinion, I’m devoting the rest of my working life to doing as much as I can in the BitCoin ecosystem.

You are not only researching and thinking about Bitcoin SV, but you already build on it with your project “SLictionary”. Tell us about that, and have you got anything else in the work concerning BSV?

SLictionary is going to be the world’s best dictionary, by leveraging micropayments to get rid of uneconomical advertising clutter and using money as an incentive to make the most efficient word/vocabulary ecosystem ever built.

The SL stands for Self Learning as well as Structured Language, but really the whole strategy is designed from incentivizing people. We tap the fervor for words amongst a certain type of literary geek—such as myself and partner John DiFelice. He is a data / back-end expert & full stack developer but also a Renaissance Man in the Satoshi mold. John came within a thesis defense of his doctorate in chemistry (long story), then began a life of coding and has that great quality I look for in anyone, the ‘Can Do Spirit’. Things which would take me a month to do, he can conquer in a day. He learned React in a couple weeks, enough to get version one of SLictionary off the ground and running with Money Button which sort of required React. What’s under the hood at SLictionary is REALLY exciting.

I’m more of the surface guy and I’ve attempted to hint at how much lies beneath our simple start page by incorporating our smooth moving but perplexing motif which I call the “Tom Baker Alphabits vortex” (after my favorite Doctor Who doctor and an old 1980s-era cereal)

Here’s a short list of what SLictionary will do at scale:

That’s base camp for us, there’s SOOOO much more to this story, and I can’t wait to reveal each and every piece as it comes out. We think we have a chance at becoming a top 10 internet site, with a valuation in the trillions in 25 years. Our vision really is that long, so that’s why it’s important to me to really research every nook and cranny of BitCoin to make sure we’re making full use of it.

We think many others will copy our business model over time, but in different areas. This is why I don’t mind being as open as possible. Even if someone copied us and out-spent us to a lead (think Facebook vs say Snapchat) I have a lot of pivots and nuances I can add to stay ahead for a very, very long time. In business, it’s a fine line between overbuilding or overtweaking the thing you’ve built that works for people, and adding new things which enhance the experience and take it to a higher level.

We are working out the last of the bugs with the base dictionary layer, but you can help us by playing around with SLictionary AS we build it. We don’t believe in hiding, so we release our warts too along with new features. Although the commercial dictionary has been around since Webster in 1806, we consider this a green-field opportunity because the big 10 dictionaries haven’t innovated much in a very long time. 

“Word Bounty” is one of our business processes and game-theory innovations, and I think it makes us a word-complete dictionary. I like to say we’re the slowest dictionary on average, but get faster every day with each new definition on a highway to becoming the FASTEST dictionary on average. While we’re slow NOW, we’re actually the MOST word-complete dictionary ever invented, and that’s the power of Word Bounty. Word Bounty allows us to say we have every word defined, and every FUTURE word defined as well. If you can type it into our search engine, we will EVENTUALLY define it. By ‘we’ I mean our Word$miths. Word Bounty will also be of special interest to anyone wishing to make money, paid in BSV, for doing small but important tasks. Recently we’ve been able to onboard people to BSV for the first time without using a bank account or on-ramp, with the help of Word Bounty.

Let me make another prediction now. SLictionary won’t be done, until “Art” is one of the most searched words in our dictionary. Art? My 4 year old knows what art means; I bet you’ve never looked up “art” in a dictionary in your entire life.

How will we do it? We’ll get a great artist like Banksy to submit an original digital artwork under the definition of “art” or “masterpiece” and we’ll put it immutably on-chain, timestamped and authentic as the original piece (with a future product we call Word$mith Guaranty which uses OP_PUSHDATA and my findings with pruning/dust-limit). Why would a great artist do it?

We’re a “Gallery of Words”. We think people won’t just search SLictionary to get the difference between “affect” and “effect”, we think they’ll come for the CREATIVITY. As I tell overly coder-monkey types, or “Spoks” as I call anyone who thinks too logically… “Don’t hate me because I’m beautiful”. That’s an old bit from a 1980 ad from my childhood:

SLictionary aims to be beautiful as well as highly technical and instructional.

We think an artist like Banksy could “get LIT” from lightbulb fees, forked from our 5,000 satoshi (1 penny) search fee. The math is something like: 100 million people come to see Banksy’s exclusive digital art piece under “art” for 1 penny per viddy, and Banksy makes $1mm per year, or $10mm every 10 years. SLictionary will be the world’s CHEAPEST art gallery. A “Gallery of Words” indeed.

Did you ever hear of a locally famous burger joint called “In N Out” in California? Their “hidden menu” (Try ordering ‘Animal Style’ if you don’t eat buns!) is our inspiration for SLictionary’s naughty side– which we hide from the kids using several methods.

SLictionary is our substrate, we have a much bigger market to tackle once we have it at a self-reliant ecosystem of the curious Knowledge Seekers and the beautiful creators known to us as Word$miths. (On “seekers”, we are going to change “Enter a word to search” on our main page to “Seek and you shall Find”) What’s coming next will lead to our eventual tagline:

“If BitCoin is Data Island (Manhattan, Hong Kong, Singapore, Bahrain, Great Britain, Japan), SL Corp is an Information City built atop it”

I haven’t been able to talk about my other project, an iOS comedy app for iPhone called Hilarist which precedes SLictionary. It’s had some very tough hills to climb because it’s so unique. We’re trailblazing with this one, because Apple has some tight requirements surrounding “cryptocurrencies” and has only allowed wallets as of WWDC 2019. If you remember, HandCash was a Test Flight-only app for a long time, and they had the advantage of being a wallet which Apple accepts. We’ve had to build our own wallet because there isn’t a lot of support in the BSV community for iOS apps yet, and my partner Joshua Kaunert hacked BitCoin SV to make one for us.

What’s the #1 joke in the world by revenue? We’ll soon find out! By allowing people to enter old jokes, Hilarist will also reverse-solve comedic copyright which doesn’t even exist yet!

What

Tezos [XTZ] shoots up by 22% as cryptocurrency becomes latest altcoin to see green Price surges in the cryptocurrency market have been dominated by altcoins, with most of the popular ones witnessing double-digit gains. The latest altcoin to surge on the back of the bulls was Tezos [XTZ].Source: CoinMarketCapAt the time of writing, Tezos was rising by 5.14% on the hourly charts, and by 22.46% on the 24-hour spectrum. The cryptocurrency held a market cap of $367.005 million, while the 24-hour trading volume was at $8.650 million. A majority of the coin’s trading volume was held by UEX and BitMax, two popular cryptocurrency exchanges. UEX contributed to 27.7% of the total XTZ trade, while BitMax posted a trading volume of $1.190 million. (adsbygoogle = window.adsbygoogle || []).push({});Source: CoinMarketCapThe charts show a perpendicular rise in prices, as the cryptocurrency was moving gradually before it shot up. The price rose from $0.573 to $0.602 in under an hour, according to the charts.It was speculated by some users that the price rise was owing to the coin’s addition to the Bitfi wallet. Bitfi’s official handle had tweeted,“Due to popular demand, we are adding Tezos (XTZ). This is a very important smart contracts platform that delivers features that others cannot, like formal verification. #Tezos #XTZ”Tezos has mainly focused on increasing its developer base, as evidenced by the cryptocurrency organization’s recent partnership with Mainframe.Mick Hagen, Founder and CEO of Mainframe said,“We’re witnessing an explosion of developer skills.The blockchain community has turned towards building, and over the next several months with support from Tezos Commons, we’ll host events around the world focused on challenging those developer skills.”Mainframe’s official release also stated that the partnership entailed strengthening the core developing network, (adsbygoogle = window.adsbygoogle || []).push({});  » Read Full Article « AMB Crypto March 20, 2019 Related ItemsAltcoinsBitfiNewspriceSocialTezosTrading ViewXTZ