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INTERNET 3.0 WILL START IN THE THIRD WORLD

CRYPTOLINA EXPO MEET THE PEOPLE BUILDING DURING A BEAR MARKET

5 NEW PROJECTS BUILDING ON NEO

COIN ANALYSIS 21 PAGE FEATURETTE

JULY 2018 ISSUE 9 US$10

S ’ D R I A B E L I C CE N I A H C K C O L B D O O G FOR E L B A T D N U O R

E H T N I T E E M S L U O S C I T S I U R T L A T S O M D N A S D N I M E R G U N T I U D F A R E L U O N THE A L P O T S L L I H H C A E LAGUNA B

AI MUSINGS CRYPTO ART THE SCAM THAT GIVES WHO’S BUYING WHO? CRYPTO FOR DUMMIES TRADING LESSONS EVENT CALENDAR PRO TRADER PICKS INTERVIEWS COIN TEAM Q&AS


Blockchain For Good A think tank which brings together the greatest minds around the world to debate how blockchain can serve the greater good of humanity, society, the economy, and our environment.

P.80 BLOCKCHAIN FOR GOOD 5 NEW PROJECTS BUILDING ON NEO

THE INTERNET’S THIRD GENERATION BEGINS IN THE THIRD WORLD CRYPTOLINA EXPO 2018

80

LAUNCH

6

Opinion 90 95

IT’S TIME FOR THE GOVERNMENTS TO MAKE THEIR CHOICE

11

AI MUSINGS

16

ART IS THE FIRST STEP TO ADOPTION

19

WHO’S BUYING WHO?

23

Learn 100

Top 21

CRYPTO FOR DUMMIES

32

LET’S GET TECHNICAL

35

MARKETS DON’T ALWAYS GO UP

39

COINS 21-16 COINS 15-11 COINS 10-6

25 41 54

The Coin Brief KALKULUS Q&A

61

Top 5

73

THE FUNDAMENTALS OF KALKULUS

68

Decentraladies CRYPTO ALL-STARS COIN EVENT CALENDAR

69 105

IRIS ASKS

49

PAMELA’S DIARY

51

DESIREE’S CRYPTO CULTURE

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The Internet’s Third Generation Begins In The Third World Crypto has the potential for both mischief and relief in the world’s most miserable economies. Find out how Blockchain is perceived and relevant to developing countries.

P.95


Editor-in-Chief

Disclaimer

V

GENERAL We retain full copyright and ownership of this

@GameOfCryptos

magazine and all the content within. We retain full rights to public distribution. Any unauthorised

Head of Business Development

public distribution will be (and is) followed up

ANANKE

with the relevant companies and authorities and legal entities.

@AnankeStudio CONTENT

Production Manager

This magazine is a collection of resources and

ÍRIS

opinions, it is not direct financial advice. We’re not responsible for the accuracy or validity of the information the pros choose to provide to

@n00bqu33n

us. The opinions of our content providers are not necessarily our opinions. We aim to provide

Art Director

unbiased information with no ulterior motives as

TIFF

a service to the crypto community. Our primary source of income comes from magazine sales, we do not want to influence the market in any

@TIFFCHAU

Copy Editor

way to our own or others’ benefit.

COLLEEN

YOU Please do you own research in addition to reading the content provided within. We’re not

@CryptoNoobGirl

Social Media Manager

saying this to cover our backs, we’re saying it because we want to create better traders who don’t lose their money.

JAMIE

@CryptoHulley

Communications Officer

Never EVER trade more than you can afford to lose.

HAZUKI

ALWAYS trade safely after extensive research.

@CryptoHazuki

Do NOT follow pump and dump schemes,

This Month’s Contributors

they

damage

our

community in a massive way.

Special Thanks

(in alphabetical order)

REMEMBER that Crypto trading has elements of a gambling

ANBESSA

@Anbessa100

CECILE BAIRD @cecilebaird

nature - so ensure you avoid

BURGER

@cryptoburger

BLOCKCHAINPROF @BlockchainProf

addiction, or any behaviours

BEASTLORION

@beastlyorion

DECENTRL AGENCY @DecentrlA

CARL GUNARATNAM

@ErikCointona

BLOCKCHAIN FOR GOOD

CRYPTO BULL

@Crypto_God

CRYPTO CHIEF

@CryptoChief_

CRYPTOMANIAC

@happywithcrypto

CRYPTO TUTOR

@CryptoTutor

that damage your lifestyle. Life and people and experiences

@BC4G_org

are far more important than money. Always remember that. W E S TA N D AG A I N S T D E C E P T I V E CONTENT 21Cryptos Magazine Ltd and our writers are aware of our responsibility to provide unbiased

DESIREE DICKERSON

@dickerson_des

ELISE HAMDON

@elisehamdon

and dump schemes and deceptive paid

FIONA COCHRANE

@fi_writing

our own native editorials, are all our own free

information. We are absolutely against pump shilling. All content provided by our pros, and thoughts and opinions, and are not the result

FLORIAN

@marsmensch

JAMES MCGIRK

@jamesmcgirk

individual. Any external sponsored editorials we

JEN HILL

@Crypto_Sister

nature. Should any of the team act against this,

KIRK DUNKLEY

@Bitcoin_Gallery

MATT BREEN

@MattoshiN

MISSNTOSHI

@missnatoshi

NATHANIEL WITTEMORE

@NLW

PAMELA PAIGE

@ThePinkCrypto

UNCLE YAK

@yakherders

21CRYPTOS MAGAZINE @21Cryptos The only resource you need for your Cryptocurrency journey.

of any paid deal with any company, group, or may have in the future will clearly state their we will cease any cooperation we have with that individual and they will no longer provide content for the magazine.

Thanks for reading, now back to the Issue!


From The Editor

WORK HARDEST WHEN OTHERS GIVE UP

This month’s been tough for traders. Market sentiment is down, and money’s been fleeing the arena without so much as a second glance at the folk who plead for it to return to the safety of their pockets. A generalised loss of motivation has taken over the majority of crypto enthusiasts. But not all. There are people who work extremely hard to make this industry not only survive, but thrive.

These people are here, working - sometimes in the shadows - often, just slightly beyond the surface of the social circles most of us travel through - not invisible, just not actively sought out by the communities. These invaluable people ignore market sentiment, they ignore the price caps, and most importantly they ignore doubt. They make their own sentiment, and with it, they forge their own futures. These people are the rocks of the industry - the people that you can rely on to fight for a better future - not just for blockchain, but for the world at large. They keep the industry pointed in the right direction, and for that, we may very well owe them more than we realise. In this issue we meet some of those people. Last month we were invited to cover the Blockchain For Good Roundtable in the more than fantastical paradise known as Laguna Beach. We met with some of the most focussed minds and indomitable spirits we’ve encountered - people who work both directly in blockchain, and just outside of it. Human rights leaders, tech giants, business moguls. They were all there, and they all have an important voice to share on what blockchain means to the world. (Spoiler alert - it means more than most of us yet realise.) The take home from this issue is that no matter what’s going on in the word around you, there’s always an opportunity to work hard to achieve your goals, and somewhere out there in the vast sea of human beings, there are people just as passionate as you - people who are fighting for exactly the same thing as you - and with enough effort, you can find those people, and they can find you.

V, Editor-in-Chief


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All the latest news and top stories in the fast-moving

world

of cryptocurrency.

J U LY 2 0 1 8

C RY P T O E VA N G E L I S T TA K E S O N ‘ F R AU D U L E N T G OV E R N M E N T ’ W I T H BID FOR PRESIDENT

Crypto Addicts Find Shelter In Castle Craig’s Rehab Clinic The evolution of cryptocurrency can be measured through a number of heuristics. Google searches for the

Once a household name in antivirus software, John McAfee has

term ‘Bitcoin’. The combined market cap of the thousands

recently come to be known as

of coins in existence. The 10x rise of XRP. Or (my personal

one of the most prolific figures in cryptocurrency. In a move not

favourite), the number of enterprises deciding that they

wholly out of character for the

need a token native to their business.

software magnate (he had done so in 2016), McAfee has announced

H

his intent to run for President of owever one chooses to do so, it’s

Unsurprisingly, the get-rich-quick mentality is

undeniable that the space has

taking a toll. Which is why Castle Craig Hospital

changed dramatically from the first

has opened its doors to those afflicted with an

iteration of Satoshi’s digital money.

addiction to the markets. The Scottish rehab

Following up the statement on

The mining of such currencies, once achievable

centre, traditionally treating vices such as

Twitter, he clarified that his

on low-spec desktop computers, has transi-

drugs, alcohol and gambling, has expanded its

tioned to an industrial practice, with dedicated

gambling program to include an addiction to

intention was not to win, but

hardware consuming more electricity daily

trading cryptocurrencies.

the United States in 2020.

to promote cryptocurrency and

than nations like Ireland or Denmark. Investing

denounce

in cryptocurrencies is no longer

mental practices – leveraging the

an activity confined to enthusiasts of obscure technology – it’s a feverish pursuit that has begun to attract a mainstream crowd, both at an individual and institutional level.

“THE INTERNET HAS ENABLED ANYONE WITH A PC AND A CREDIT CARD TO TURN THEIR HOME INTO A CASINO. “

fraudulent

govern-

media platform to get his message across.

these sorts of treatments as the hype rages on.

Worth remembering, in times of extreme

“Gambling has become a huge problem

hype and FOMO (or fear of missing out), is

over the past 20 years and compulsive crypto-

that it’s a zero-sum game. For every successful

currency trading is essentially a gambling addic-

“Traders and day traders may think that

investment, another is bound to fail. The state of

tion. The internet has enabled anyone with a

everything is fine provided that they are making

regulation in the space (or lack thereof), paired

PC and a credit card to turn their home into

money or at any rate, not losing. This euphoria

with the volatility of an emerging market, makes

a casino. Suddenly, Joe Public can become

may stop them seeing other consequences

purchasing tokens an incredibly risky endeavour.

James Bond. Now, we have cryptocurrencies,

on the negative side: isolation, poor physical

Hoping to emulate the success of early Bitcoin

which are especially attractive to compulsive

health and obesity, feelings of depression and

investors, newcomers are quick to pour money

gamblers,” Chris Burn, a therapist at Castle Craig

loneliness are examples of this.”

into other coins.

told 21CRYPTOS. “The market, and the cryptocurrencies which are traded, are poorly under-

It’s worth reiterating the wild volatility of

No one knows where the markets are

stood by most traders. This means that most

trading

headed – horror stories of individuals taking out

people are spending money based on hope,

you can afford to lose. Do your own research.

mortgages and loans to purchase Bitcoin at

or simply the fear of missing out (FOMO), rather

Remember that this could all still go to zero,

$20k were all-too-prevalent in December. The

than a sound investment strategy.”

Invest

only

what

so take profits where you can. As Mr Burn so succinctly put it: “Mankind is a very inventive

all time high of the flagship cryptocurrency was rapidly followed by a bear market where it lost

The hospital has had a number of enquiries

over half of its value. When Bitcoin nosedives,

over the past year, and has already treated a

virtually every other coin does, too. No matter

number of patients whose gambling activities

how much research one does, this unpredicta-

included cryptocurrency trading – one patient,

bility makes the purchase of cryptocurrencies

who has now completed their treatment, had the

(particularly the less popular ones) much more

vice as a standalone addiction. Burn expects to

akin to gambling than sensible investing.

see more such patients, correlated with a rise in

21 CRYPTOS

cryptocurrencies.

species. And very prone to addiction.”

For more information on cryptocurrency trading addiction and Castle Craig’s program, visit https://castlecraig.co.uk /resources /gambling / cryptocurrency-addiction/


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J U LY 2 0 1 8

GLOBAL REGULATION U P DAT E S

AFRICA On the African continent, it appears that only Algeria is headed towards making cryptocurrency possession outright illegal. Whilst many nations enjoy legality, governments have adopted an overall skeptical

Few things are more difficult to keep up with than the onslaught of ICOs, as

stance, and have refused to recognise the currency aspect of digital monies. Under certain jurisdictions, both exchanges and banks dealing with Bitcoin are not permitted.

well as TDOs, ITOs, and whatever other new distribution

methods

teams

come up with in foolproof attempts

to

shake

the

growing scrutiny around the term ‘ICO’. Unfortunately, staying abreast of the developments in the

THE UNITED STATES The U.S., along with Asia, is perhaps the jurisdiction that captivates the media the most with opinions from both the Commodity Futures Trading Commission and the Securities and Exchange Commission. As of yet,

legal arena surrounding

cryptocurrency has not been recognised as

cryptocurrencies

that it is treated as property for tax purposes.

(and

new tokens/assets/blockchains) proves to be just

currency, but as a commodity – meaning

Insofar as ICOs, the SEC has been vocal about the risks of investing (going so far as

as hard. Factors aggra-

to launch the mock website HoweyCoins – a

vating this include a lack

whether a sale amounts to an ‘investment

of education on the part of regulators, and a fragmentation in approaches taken around the globe (though,

nod to the Howey test, used to established contract’), and has shut down a handful of projects it deems fraudulent (i.e. AriseBank and Centra). Most recently, its Chairman Jay Clayton stated that securities laws would not be reformed to accommodate cryptocurrencies.

to be fair, this was always going to be the case).

E X - S E C O F F I C I A L S S I D E W I T H R I P P L E A G A I N S T ‘ N E V E R - E N D I N G I C O ’ L AW S U I T

T

he lawsuit against Ripple by a

sales of XRP, which Coffey believes to

counsel in light of the suit – once Chair-

disgruntled investor continues

be an unregistered security.

woman, Mary Jo White, and the regula-

to develop. Ryan Coffey alleged

tory body’s ex-enforcement chief Andrew

last month that Ripple Labs was engaged

It came to light at the beginning of the

Ceresney. Ripple Labs have stated that

in a ‘Never Ending ICO’ in its ongoing

month that Ripple Labs has brought on

they are confident that XRP is not a

two former SEC heavyweights as legal

security.

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J U LY 2 0 1 8

ASIA Asia’s plane is a lot more complex – on one hand, nations like Singapore,

Investors Frustrated as Tezos Makes Surprise ‘Demands’

China have taken harsh approaches

T

to both trading and launching ICOs

a baked-in governance protocol). It

(the latter’s ban on ICOs has been

came to prominence last year, when,

known to heavily affect the markets

after raising upwards of $230 million

globally). In spite of this, notable

in its ICO, the founders were targeted

projects like Neo (formerly Antshares)

by two class-action lawsuits, alleging

and Qtum have emerged. There have

that both state and federal laws were

been rumours of China reversing its

being violated in what amounted to

stance (and that India may seriously

the sale of unregistered securities.

Hong Kong and Japan are incredibly welcoming to innovators in the space. On the flipside, India and

ezos

is

unreleased platform

an

as-of-yet blockchain

for

smart

contracts (which boasts

consider Venezuela’s offer of a 30% discount on oil if paid in the Petro

Its recent attempt to comply with

cryptocurrency), but nothing substan-

evolving regulation in demanding that

tial has emerged to support these.

investors undergo KYC/AML procedures has been ill-received by the community, who were not made aware of these requirements when participating in the ICO.

EUROPE For the enterprise blockchain crowd, the recent General Data Protection Regulation has sparked fears that their

blockchain-based

platforms

may not be compliant (immutable ledgers do not lend themselves well to laws that give consumers the right to request that their data is purged). Overall, cryptocurrency is tolerated (Switzerland follows in the footsteps of Singapore for crypto-friendliness), but has yet to shake the stigma, in the eyes of the EU, as the go-to money laundering instrument for criminals. The European Central Bank has not

Sigh Of Relief as $4 Billion ICO EOS Finally Launches Mainnet

E

OS has undoubtedly been one of the most hyped platforms to date, whose year-long ICO has raised a

figure in excess of $4b. The network’s switch to mainnet occured on the 10th of June.

listed regulation as a priority at present

In order for it to become functional,

(in spite of cryptocurrency exchanges

the network requires that tokens are

demanding more clarity). However,

staked by their holders, in order to

it will consider closer scrutiny should

vote and subsequently elect block

the risks increase.

producers. Activation had stalled as

Worth keeping an eye on is Russia, where additional regulation will be enacted as of the 1st of July.

not enough users had done so, but the requisite 15% of the total supply has now been staked, and the block producers chosen as exchanges have begun to vote on behalf of users.

21 CRYPTOS


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J U LY 2 0 1 8

THE GROWING RISK OF 51% ATTACKS Love it or hate it, Proof-of-Work is unquestionably the most reliable means by which to secure a blockchain. For all the hype surrounding Proof-of-Stake and the fearmongering cries that ‘Bitcoin is killing the planet!’, there has yet to be an implementation of an alternative algorithm that extends beyond the conceptual (without sacrificing decentralisation). Coiledcoin in 2012 (bear

PoW relies on miners dedicating computational power to the solving of incredibly complex mathemat-

in

mind,

though,

ical problems. Through this process, they compete to

Coiledcoin

include unconfirmed transactions into blocks, in order

merge-mining, meaning

to win a set amount of coins that comes with the mining

it could be simultane-

of these. The cost of hardware and electricity required

ously

to do this dissuades any dishonest participation, which

another). 51% attacks,

can be detected by other miners. This method of valida-

however, are becoming

tion means that no single entity controls the flow of

a lot more popular this

transactions.

year.

mined

Take

relied

that on

alongside

ZenCash,

recently taken over and The consensus mechanism is theoretically sound for

resulting in approximately $700k worth of funds being

blockchains that capture the most hashpower for their

acquired by the attackers. Or Bitcoin Gold (a fork

given algorithm. In order to seize control of the network,

of Bitcoin), whose compromise netted the offenders

a group of miners would need to control 51% of this

upwards of $18 million. And who can forget Verge – a

(leading to the aptly-named 51% attack). Realistically,

network that has been attacked not once, not twice,

to do so on Bitcoin (assuming that miner centralisation

but three times. The attackers probably have a loyalty

is not an issue), would be near-impossible. For lesser

card with the NiceHash mining marketplace at this

coins, however, it poses a real threat. The recently

stage.

launched Crypto51 actually lists the costs to take over The sobering reality has been exposed, and it’s

various different chains (as can be observed, this is

certainly ignited heavy discussion on how this could

worryingly low for some).

affect the future of small PoW coins. 51% attacks can be highly lucrative. Remember that the entity with the majority of the hash rate (the

Some speculate that this may result in the crowd-

amount of ‘guesses’ a given device/entity/pool can

funding of attacks in the style theorised by Jim Bell in

execute per second) can completely manipulate the

his Assassination Politics essay, whilst others think this

blockchain – reversing transactions, preventing them

trend will serve to further drive research into alternative

altogether, and double-spending funds (in lay terms,

algorithms that are not prone to this particular form of

printing money). The typical cycle that we’ve observed

attack.

ONE THING IS CLEAR: HASHPOWER IS KING.

One

thing

is

clear:

hashpower is king. 51% attacks

are

hypothetical,

no

longer

and

the

further down on the list of so far is for attackers to launch an attack, before depos-

hashpower by algorithm (Peercoin, for instance, ranks

iting the compromised currency into exchanges and

lower than Bitcoin on the SHA-256 list) a coin finds

cashing out for more stable ones.

itself, the greater its chances of being manipulated by malicious actors. The best advice for users that

It’s been discussed as a potential attack vector for

absolutely must invest in smaller PoW coins is to wait

almost a decade, though it has occurred before –

for a high number of confirmations (some recommend

Bitcoin Core dev Luke Jr used Eligius’ pool to cripple

100) – mining takeovers tend to be fairly short-lived.

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J U LY 2 0 1 8

Regulators Finally Decide Ethereum NOT A Security

F I R S T C RY P T O - F R I E N D LY A I R P O RT S OA R S A H E A D O F C O M P E T I T I O N

E

arlier this year, Brisbane

The question that has plagued the cryptospace for

Airport

years has finally been answered, and its results have

declared

that

its retailers would soon

support payments in cryptocurrency. Working with TravelByBit

come as a surprise to many – ether, the token native to the Ethereum network, is not a security.

(an Australian startup that helps merchants accept cryptocurrency payments), it unveiled in late May that it had become the first ‘crypto-friendly’ airport, allowing customers to pay for purchases in cryptocurrencies such as Bitcoin, ether and Dash, with merchants being able to select whether they received payment in cryptocurrency, fiat or both.

t has long been argued by prominent figures in cryptocurrency circles that Ethereum’s sale (the first ICO) constituted the sale of unregistered securities, and therefore should have been regulated as such. However, in the Securities and Exchange Commis-

I

sion’s recent statement at Yahoo Finance’s All Markets Summit: Crypto event, they announced that ether (as well as other cryptocurrencies) could not be classed as securities once they reach a certain level of decentralisation. In the

SEC’s opinion, Ethereum satisfies this requirement as there is no third-party that investors rely on. It’s important to note that this hasn’t de facto made ERC20 tokens (a favourite for raising ICO funds) exempt from classification. The SEC reiterated that these would

S U S P I C I O U S PA T T E R N S S H O W

POSSIBLE LINK BETWEEN TETHER A N D B I TC O I N P R I C E M A N I P U L AT I O N

be looked at on a case-by-case basis. Amongst some of the features that are to be analysed include links between networks and

M

any will be aware of some of the wild conspiracy

theories

posited

by a certain Twitter user, tying Bitfinex’s control of dollar-pegged USDT to the rising price of Bitcoin in the last pump.

the that

parties have

created

or

promoted them,

the

stake

that

they hold for

“CRYPTOCURRENCIES COULD NOT BE CLASSED AS SECURITIES ONCE THEY REACH A CERTAIN LEVEL OF DECENTRALISATION”

themselves,

A recent paper, released by the

the amount raised versus what is required, and any

University of Texas, identifies

governance rights the creators retain.

some suspicious patterns that may shed light on this trend. No-one can definitively say whether this is evidence of market manipulation, but a number of facts surrounding Tether raise certain red flags – it

The recent development is an interesting one – whilst Ethereum may have evaded regulatory action, it’s clear that the SEC has done its homework (and has previously shutdown projects in the space). Teams proceeding with ICOs will need to tread carefully.

shares a CEO with Bitfinex, and recently dissolved its relationship with its auditor. Many doubt that USDT is backed by actual US dollars.

Matt Breen is a recent law graduate and crypto journalist whose work has been featured in Crypto Insider, Cryptoslate and Bitcoin Magazine. Where cryptocurrencies are concerned, he aligns with the Bitcoin maximalist school of thought. Website: mdbr.ch Twitter: @MattoshiN

21 CRYPTOS


OPINION

IT’S TIME FOR THE GOVERNMENTS TO MAKE THEIR CHOICE The countries of the world stand at a crossroads with Cryptocurrency adoption, and the key time to make their choice is fast approaching.

In the beginning, there was the

ists and government agencies alike to

Genesis block– and it was good. From

alternative. Conveniently, of course,

demonize crypto as a feasible currency

that decentralized sprout came a founda-

this ignores the fact that homegrown

tion for future shoots and branches, each

fiat is used for the very same black

formed uniquely but bearing a decentral-

scale no doubt. Quite predictably,

ized likeness. Alongside these disruptors arose centralized coins as well, some with

market dealings, although on a greater many members of the Old Guard who are heavily invested in the traditional markets readily oppose the proliferation

great potential but others developed by bad

of cryptocurrency. This cohort, which

actors.

places of power throughout government

is already strategically positioned in and industry, aims to suppress growth

The latter of these two centralized developer types

in the space either through sound bites

has fueled the early headlines and so too the concerns of tradi-

and headlines where they character-

tional investors who eagerly fill-in the blanks of other dark use

ize crypto as a fraud or through formal

cases for crypto including scams, terrorism and trafficking.

means, namely regulation.

This terrible trio is smugly trotted out on stage by fiat maximal-

IT’S TIME FOR THE GOVERNMENTS TO MAKE THEIR CHOICE

11


Presently regulation is evolving in real time while simultaneously experiencing an identity crisis. While the role of regulation, as Merriam-Webster defines it, is “a rule or directive made and maintained by an authority” what happens when the so-called authority is abruptly sidelined by decentralized currencies and decentralized exchanges? Certainly, ICOs and centralized coins, especially that subset promoted by bad actors, would be well-served by some limited oversight to protect would-be investors and the overall reputation of the space in general. However, there are some notable drawbacks to consider including the stifling of innovation and brain drain.

Does this mean that any country wishing to attract these companies to their shores must forgo regulation? Hardly. There are two broad regulation frameworks: Principles-based and Rules-based. The latter of the two is the one most traditional financial frameworks are patterned after. Think complex, detailed and crafted volumes filled with exacting requirements and penalties for failure to comply. This model is what any notable financial market in the world is governed by and that which provides a familiar comfort to investors at every level. Abuses within this draconian system are thought to be impossible. However, we all know this is only an illusion, at best. Procedural abuse tactics can and certainly do happen through orchestrated collusion among insiders. Nonetheless, this level of risk is considered “acceptable”

Take the case of Binance, for example. By imposing too-heavy a regulatory burden on the world’s largest exchange (by traded value,) Hong Kong lost a shining star seemingly overnight. Instead of heralding this forward-thinking company and forging a cooperative relationship, the government instead chose to see this

and within the range of some grayscale norm that lets Main Street sleep well at night.

However, a Principles-based approach

crypto company as a nail to drive down with the hard blow of

may be what best serves our evolving ecosystem short-

regulation. The result: Goodbye Hong Kong, Hello Malta!

term and perhaps even in the long view. This framework

Binance relocated their headquarters abroad in what serves

has some big picture guidelines to govern the spirit of the

as a clear example of how positioning a country’s regulatory

law while at the same time allowing for inevitable ambigu-

framework can either serve to attract financial innovation

ity that accompanies the inauguration of a new asset class.

from every corner of the globe or drive it away. In the case

It takes a less-painstaking approach that allows for one key

of Malta, their stance has placed them firmly at the center of

magical ingredient to sprout and take root – innovation.

consideration among up-and-coming blockchain innovators.

Principles-based regulation would address some obvious potential abuse violations however sans the tome of minutia with which traditional financial markets are commonly

Hong Kong lost Binance by imposing hard regulations.


OPINION

associated. Does abuse happen within this framework? Yes, certainly. Abuses happen when the judgement of the governing authority is swayed through tactics such as exaggerated claims of harm done by or to one party. The risk for abuse is still present then, however on a more-level playing field whereby anyone can exert influence instead of only insiders colluding. Perhaps this is a step toward transparency whereby bad actors can be more readily identified as such.

World governments now stand at the crossroads, staring directly at the oncoming tidal wave that is cryptocurrency. Each country must choose a regulatory approach that is either engaging or stifling, knowing the ramifications could have a ripple effect far into the future. One such instance of a government agency making its approach known is a stirring pre-conference speech from this past May by the U.S. SEC

Her sentiments aptly summarize the dilemma regulators and crypto enthusiasts like us face: How do we marry the broad outlines of legal compliance with the independent construct of crypto? Ultimately, each government must determine a regulatory direction for themselves. This is where the hard work begins; regulators must hurl a blank slate onto the table, pick up the proverbial pen and begin to write– their future.

Commissioner, Hester Peirce. In the transcript she outlines the country’s commitment to thoughtful regulation titled, Beaches and Bitcoin: Remarks before the Medici Conference stating,

“We must be careful not to let our lack of familiarity with new technology breed anxiety and therefore bad regulation…There is a risk, when something truly innovative comes along, that regulators will focus only on the harms the innovation may bring and miss entirely the opportunity it presents…The law deserves respect, but technological progress should not be bound by the limits of the regulator’s lawyerly imagination.”

Innovations can bring great opportunities beyond our imagination for everyone, if regulators can let go of their anxiety towards these new technologies

Elise Hamdon, Ph.D. @EliseHamdon I work on purpose, for change. Looking to make a leap into Crypto Compliance. Open to other promising opportunities, as well. @me if you think I’d be a good fit for your team.


SPONSORED

A NEW HEALTH ECONOMY IS

TAKING OVER THE WORLD Each and every day a lack of interoperability in the healthcare industry leads to serious medical errors and deaths. Put simply, lack of interoperability means that any medical information created by one source (for example a hospital) can be difficult to share

“400,000 deaths caused each year due to medical errors that are a result of the absence of an interoperable healthcare environment.”

with another institution, because each may use completely incompatible operating systems to process the patients’ data. In fact in the World Health Organization’s report of 2017, which assessed

Grapevine’s team have a strong track record in healthcare interoperability, which is a huge global area of healthcare that needs to be solved.

progress on the UN’s Sustainable Development Goals, one of the major

In a market clouded by endless blockchain projects for

obstacles to creating the necessary

every industry imaginable, Grapevine wants to make a

policy to ensure healthy lives was

difference and solve a major problem which affects a

simply a lack of empirical data.

huge portion of the entire human race: Lack of effective healthcare.

Grapevine is creating huge industry buzz.

Their ICO begins 4 July 2pm UTC.

Grapevine is creating a decentralized, borderless ecosystem for a seamless, standardized exchange of healthcare data. Grapevine will create an ecosystem where data can be securely stored and shared at will. Patients will be able to hold onto their own medical history, ensuring privacy and accurate information to be shared with their doctors and hospitals from anywhere across the globe. That will happen by creating a network with full interoperability, meaning different systems will be able to securely communicate with each other across different clinics, hospitals even countries, faster than ever before.

21 CRYPTOS


Grapevine enables complete control for individuals over their health data, and offers new options in healthcare to cater for the growing demand of spending in this sector.

driven by the fact that the current costs for healthcare companies to obtain patient information for research is extremely expensive. Grapevine will decrease this cost significantly.

In contrast to many of its competitors, Grapevine is integrating existing databases into their system, whilst some of their competitors are building those databases from scratch. For example, if a man who has lived in Paris his whole

“Per-patient costs now top $40,000. The most significant factor for increased clinical trial costs is patient recruitment.�

life has a medical emergency while on vacation in Hong Kong, he does NOT have to rely on the HK hospital’s system to share his medical history - instead he will have total access to it and can choose to share it himself. This means two things: - - He has full control of the privacy of his medical data. - - The medical data is not recorded on two separate systems, so it will always remain accurate with no mistakes or errors.

Grapevine are positioned to capture part of the fast-growing global market of blockchain in healthcare with established partnerships.

The Health Economy Will Be Revolutionised. Beyond reducing medical errors and improving health-

Grapevine is utilizing existing and proven methods to

care, Grapevine will introduce a new health economy

build its technology and ecosystem, like the Integrat-

where patients will gain access to a borderless choice of

ing Healthcare Enterprise methodology (IHE) which

healthcare, and can communicate with medical experts

is already in use by federal level projects worldwide.

across the globe through gadgets and apps which the

It is also taking advantage of blockchain which is the

system will introduce in the future. It will also encour-

most advanced technology that can facilitate an infra-

age the collaboration between large medical institu-

structure for the data exchange network. The health-

tions, universities, medical research centres and any

care industry is currently estimated at $54 billion and

parties trying to improve healthcare, through a secure

expected to rise to $86 billion by 2021, and $123 billion

data sharing environment.

by 2023. With the strong base Grapevine is building its system on, it aims to capture a huge portion of that

All transactions will be fuelled by Grapevine tokens.

market.

Patients and institutions can share and look for data by paying with or receiving these tokens which are

The Whitelist Is Now Open

the currency for the ecosystem. For example, users can receive Grapevine tokens for sharing their

July 4th at 2pm UTC: The Grapevine ICO will

medical information with research centres or any

officially begin. App Prototype will launch.

other entities looking for information. This radical use of the token across the global healthcare industry

To learn more & join the Crowd Sale visit

will boost its real-world value. Demand will also be

https://www.grapevineworldtoken.io/.

GRAPEVINE

15


OPINION

AI MUSINGS COLLEEN G’S THOUGHTS ON THE BEAR MARKET, AI, AND THE FUTURE OF HUMANITY...

I often find myself amazed by time’s elasticity. Sometimes it condenses and shrivels. Sometimes it expands and lengthens. And yet it seems to invariably do one when you want the other.

T

to play a hand in helping it slam on the proverbial gas and send it flying into warp speed. Large corporations, wealthy investors, and even countries are dishing out

he bull market seemed to pass in the blink of an eye,

billions of dollars into AI. There are a fair amount of

whereas this bear trend feels like decades have come

crypto projects that have caught my interest which

and gone, dragging on somewhat endlessly. While

have AI baked into their cakes, and seeing as I didn’t

the time of the bulls is packed with much excitement

know a whole lot about the topic (minus some Sci-Fi

and visions of the proverbial Lambo, I’ve found that

movies and such), I decided to do a mini-dive into

the bear market, while inherently pessimistic, also

the world of AI to see what was below the surface.

has its upsides. Not only have I gotten to witness a fair amount of people get rekt and have to dismount off their high-horses (myself included—not to worry though, I plan on climbing back on ASAP—I keep it conveniently tethered near me), but I’ve also had a

I

lot more time to really focus on deepening my investment strategies. When the mind isn’t in a europhical haze from a bull run, one tends to concentrate better. As an example, I’ve been spending a heck of a lot more time working on charting. My TA skills, though still shabby enough that I do not dare let anyone see, have gotten oodles better. So, yes: bear markets are good! They buy you time to do some ninja training, as well as affording you more time to loftily research nifty things. In fact, one of the things that I’ve most recently delved into is one of the more prominent buzzwords in the cryptocurrency world: Artificial Intelligence (AI). Though it was originally conceived in the 1950s and has been somewhat slow going, blockchain is sure

21 CRYPTOS

t’s simultaneously awe inspiring and horrifying; there is really no way to know what this mind-boggling technology will do or what the consequences will be for us. Not surprisingly, views on this matter vary wildly and are the source of many fiery debates. AI will inevitably, once it reaches super intelligence, be able to do some pretty amazing things for us humans. Curing cancer, alzheimer’s, and other diseases? No sweat for AI. Solve world hunger? Again, no problem! Blah, blah, blah— all very nice things. It could also very likely solve the sticky issue of mortality. This sounds really neat and all, but what becomes of the human race if we can live forever? Would we become lazy


or bored without the certainty of death nipping at

hands of some sinister person who wants to watch

our heels? Or stranger yet, if we live forever, what of

the world burn, or

the moral issue of overpopulation? I have to imagine

2. there is some sort of silly glitch, as illustrated in

the earth would get very crowded. Will we then be

the following quote by Elon Musk: “If there’s

ordered to stop breeding, or more disturbingly, switch

some superintelligence, and its optimization or

gears and determine that some people must have

utility function is something that’s detrimental to

their immortality put to an end? I suppose there’s the

humanity, it will have a very bad effect. It could

option of living on other planets, but you know what

be something like getting rid of spam email. And

they say, “there’s no place like home.” Worse yet,

it’s like, ‘the best way to get rid of spam is to get

if they can out-think us by a bazillion-fold and take

rid of...humans’.”

our jobs, what would be left for us to do? Seems like it would take the fun out of problem solving; what would be the point if the AI is already a million steps ahead of you and has already figured it out? I think it would kill the entrepreneurial spirit in us.

A

S

ll of these questions have taken over my usual thoughts

o, in other words, what I am trying to say is that when

and musings at the end of the day, when I lay in bed at

time has expanded and seems to be dragging on, it’s

night and let my mind wonder about all the gloriously

not only a good time to sharpen your crypto tools, but

fun things which I intend to do with my crypto riches.

also take the liberty to cultivate new areas of expertise.

However, the biggest thing that now keeps me up

Once you’re swimming in crypto riches and attending

at night, wringing my

fancy dinner parties,

hands and freaking

it’ll be handy to have

the f*** out, is the very

interesting topics of

large possibility that

conversation in your

AI robots are going

back pocket. Also, be

to decide someday

grateful for the time

that we humans are

you have. You never

a

know what the future

it to

problem, upon

taking

themselves

self-replicate

at

may

bring:

jets

and

Lambos,

insane levels with the

or

objective of wiping us

that will murder you

from existence. The

out of nowhere on

rise of the machines.

your

Now, I don’t want to scare you guys, but we are all, in effect, wearing

military

uniforms and sitting in a very exposed trench. If you think about it, only one of two things needs to happen for this

horror

story

to

come to fruition: 1. the

technology

falls into the wrong

“THE BIGGEST THING THAT NOW KEEPS ME UP AT NIGHT, WRINGING MY HANDS AND FREAKING THE F*** OUT, IS THE VERY LARGE POSSIBILITY THAT

AI ROBOTS ARE GOING TO DECIDE SOMEDAY THAT WE HUMANS ARE A PROBLEM.”

AI MUSINGS

rogue

private

AI

robots

commute

to

your grandma’s 90th birthday or your best friend’s wedding. Not to

worry

though—

even if the robots do come for us, it’s good to

remember

that

they are smart and efficient—death

will

probably be swift and painless.

And

that

cheers me up. Colleen G @CryptoNoobGirl

17


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For far too long the internet giants have abused their position and violated their users’ privacy. Recent events have highlighted the problems that their business models can create. Protecting their users’ privacy conflicts with their business model, which is to use your data in order to serve you targeted ads. That’s why these companies collect more data than what is actually needed. The 3 important ways Internxt protects your data on X Cloud: 1.

They encrypt all your data before it leaves your device. Internxt protects your data with the same type of encryption that is being used by banks and government agencies. This is already a major difference to mainstream services such as Dropbox or Google Drive, which only encrypt

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customer data in transit and at rest, which

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21 CRYPTOS


OPINION

B

ELIEVE IN THE POWER OF ART

WHEN THE MAINSTREAM TURNS SOMETHING INTO A RT - I T ’ S N O L O N G E R A S C A RY U N K N O W N. I T ’ S R E A DY TO INTEGRATE INTO T H E Z E I T G E I S T. ECHOES WITHIN

What many within this space don’t realize is that there is an entire ecosystem of people working feverishly to promote real use mass adoption. Among this substratum are emerging businesses centred entirely around cryptocurrency: selling merchandise, teaching blockchain seminars, and even offering memberships to technical trading groups. Established businesses are even trickling into the space promoting crypto payments for staple items like food and transportation.

The problem with many of these avenues of adoption is that they operate strictly within the niche space and don’t necessarily tap into the mainstream markets. Ultimately, for mass adoption to occur, promotion AND articulation of the crypto sub-culture must be at the spearhead of the javelin as it hurtles through the mainstream world. Sure, there are plenty of major movers within the social spaces, particularly Twitter, Telegram, and Discord, but again— many in the mainstream are unaware of the existence of these online communities and would have no particular reason to seek them out. By and large, much of the social movement is perpetually self amplifying; members of the community becoming more and more devout to various projects and particular use cases, not realizing that IN ORDER TO they are promoting specific ACHIEVE MASS currency projects to other A D O P T I O N, T H E ECHOES FROM members of the space: an WITHIN THESE echo chamber. In order to S O C I A L S PA C E S achieve mass adoption, the MUST BE HEARD echoes from within these FROM THE social spaces must be heard OUTSIDE. from the outside.

ART IS THE FIRST STEP TO ADOPTION

19


Mainstream media has, of course, been a major source of information for many who are unaware of the cryptocurrency space. The problem is that many media outlets are biased toward a pessimistic and unbalanced representation of the facts. They love to focus on negatives, often times taken out of context. For example, when Bitcoin’s value takes a relatively short-term down swing, the media dismisses the coin as crashed and unrecoverable. They even find a way to cast shade on positive market movements, citing that Bitcoin, among other currencies, is a bubble waiting to pop forever. Beyond misrepresenting very typical market cycles, not unlike those in stock markets, mass media outlets go as far as to paint elusive characterizations of cryptocurrencies as commodities of underground criminal organizations, who are only looking to launder money and hide the tracks of elicit commerce occurring in the black market from police and government organizations.

S O, F O R M A S S A D O P T I O N T O O C C U R , T H E M O S T I M P O RTA N T Q U E S T I O N I S T H I S : HOW DO WE OFFER THE MAINSTREAM A N U N B I A S E D C O N D U I T T O T H E C RY P T O C U R R E N C Y S PA C E T H A T P R OV I D E S T H E M WITH ENOUGH INFORMATION TO INSPIRE I N Q U I R Y, B U T A R E N O T C O M P E L L E D T O D R AW C E RTA I N C O N C L U S I O N S O R B I A S E S ?

B E L I E V E I N T H E P O W E R O F A R T.

C RY P T O C U R R E N C Y A N D F I N E A RT - K I N D R E D SPIRITS? Cryptocurrency and art both function to drive society into new realms of world order— an equal and opposite response to oppression and corruption. For example, the Dada

Art is the heartbeat of culture; its pulse is synchro-

art movement of the early 20th century is a

nized to times of rebellion, controversy, discovery, and

prime example of this: emerging in response

elation. Artistic endeavours are the most fundamental

to materialistic and nationalistic attitudes

way of eliciting an aesthetic response with an audience

that many had thought led to World War

experiencing the work. Art allows patrons to access an

One, Dada works often functioned as satire

idea and unveil conceptual information on their own

and openly mocked materialism and nation-

terms, reconciling new information to historical models of thought or rationale. An effective work of art can even allow consumers of information to develop the intellectual tools to comprehend more complex concepts or pathways between completely unrelated ideas. This is one of the main reasons that successful advertising campaigns are

alism. The movement encouraged its patrons to be critical of the widespread acceptance of these “isms” and challenged them. In a similar stroke, cryptocurrency was born from the desire to escape the centralized control

built on a delicately choreographed foundation of art:

of value within the monetary system. It quite

music, visual art, dance, theatre, and many other forms.

literally arose in direct and opposite response to the very few centralized banking institutions that control much of the world’s wealth.


Nu Couche’

Fillet a la Corbeille Fleurie

Like cryptocurrency, fine artworks are also deflationary

similarity between cryptocurrency and fine art is the

forms of currency: both accrue value over time as supply

common ability to unite people. Both are immensely strong

diminishes and demand increases. In the case of bitcoin,

in their ability to create community. Like the numerous

there will only ever be a maximum of 21 million coins in circu-

fine art movements that arose in response to various polit-

lation. In reality there will actually be fewer: passphrases

ical and social agendas, the crypto community has risen

are lost and hard drives are accidentally erased, and so

from the creation of cryptocurrency in response to the

the bitcoins are effectively lost forever. Similarly, artworks

disdain that many feel with the current system of central-

that are produced in edition are of course finite. To add to

ized value. Where it falls short is in its ability to broadcast

this scarcity, artworks are also lost or destroyed, concen-

its fundamental value to a larger audience: the masses.

trating the value of a series of works. Ultimately, when

Given the historical precedent of art as a delivery system

the artist passes or is no longer able to make artwork,

for revolutionary concepts and ideas, wouldn’t it make

the value of the art rises exponentially (assuming that the

sense to use fine art as a vehicle to deliver the impor-

artist is an important figure within a movement in the same

tance of a decentralized system of value to the world?

way that bitcoin is considered fundamental to cryptocurrency). This is why we see works like Amedeo Modigliani’s

E N T E R C RY P T OA RT

No Couche’ selling for $157,159,000 USD or Picasso’s Fillet

CryptoArt—the dawn of a new fine art movement?

a la Corneille Fleurie fetching $115,000,000 at auction.

If art is the driver of paradigm change, could cryptocur-

Many of the world’s most wealthy and powerful consider

rency be the payload? The production of fine art within

artwork to be one of the greatest long term stores of value;

the cryptocurrency space is fundamentally important for

they hold artwork in their investment portfolios along with other commodities like gold, silver, and now, bitcoin. Innovation is yet another key feature of both cryptocurrency and

mass adoption to take place, and the artistic community within the crypto sphere is growing. The more crypto-inspired artworks that enter the mainstream domain, the more compelled the mainstream will be to research and engage with the cryptocurrency movement. It’s as simple as a crypto-inspired artwork appearing in a high

fine art. An art movement aims to

traffic area or public space to make a memorable and

critically

conceptual

lasting impression on a number of people—something as

architecture of culture and society,

simple as a painting that challenges the current system

looking for ways to innovate and

of banking, or a civic sculpture that depicts the struc-

inspire positive evolution in the way

ture of blockchain. The key is to bridge the viewer to a

that we think about social and cultural

place of critical inquiry about the content of an artwork

productivity. Cryptocurrencies aim to

by eliciting an aesthetic response, perhaps one of beauty

solve technical deficiencies that exist

or emotion. Ultimately, the power of art within the crypto

engage

the

within society and offer innovative ways to facilitate the many technical

space should not be underestimated, but viewed as a tool in the belt of the crypto evangelist.

processes required: the ways that we DO things to support culture and

Viking @Bitcoin_Gallery

society. Both require the artists and developers within respective fields to act in an innovative way. The final and most compelling

Fine artist, crypto currency advocate, and founder of BitcoinGallery.art. Guided by passion and motivated by time: I live life on my own terms for the people I love.


Visit us at

www.internxt.com


OPINION

? O H W G N I Y U B S ’ O WH S R A W L O C O T O R P F O E C A F E H T E G N A H C D L U O C A & M HOW Nathaniel Whittemore @NLW

Around the world, protocols are jockeying to design the infrastructure for decentralization. The absence of proprietary software in the open source context creates

helps blockchain companies and crypto funds communicate. He previously founded a global program center at Northwestern University, helped launch Change. org, was a VC focused on EdTech and helped F500s with their innovation strategies. He lives in the Hudson Valley with his unfathomably rad wife Jessie.

very different dynamics for these protocol wars than in previous technology platform battles we’ve seen. As we start to see well-funded protocol layer projects like

One of the most influential ideas in crypto is the “Fat Protocol Thesis.”

Tron and Stellar begin acquiring companies in search

Articulated

of competitive advantage, it begs the question of how

partner Joel Monegro while he

mergers and acquisitions (M&A) might shape the battle

by

Placeholder

VC

was at Union Square Ventures. The fat protocol idea is about whether value accrues at the application

to create the standards of the future.

or the protocol layer. In his original article, Monegro suggested that while on the internet, it was the applications like Google and Facebook, rather than the protocols like HTTP and TCP/IP, that captured value. In blockchain, it is the opposite. In tokenized crypto economies, usage of the application layer creates more demand for the native tokens of the underlying

S A H O WH T S E T T A THE F ? L O C PROTO

protocol, in turn creating more speculation around the underlying asset. For investors, determining which of these protocols is most likely to win and become Crypto

investor

Bruhman

Jake

defines

standard has significant financial implications.

a

protocol as “a collec-

tion of rules, behaviors, and formats that specify a communication standard between two or more nodes on a network.” To look at the top of CoinMarketCap is to see a couple

D N A A M& Y T I D I U Q I L S ’ O CRYPT G N I H T Y R E V E OF In

dozen projects competing to create the standard

startup-land

outside

of

protocols for some aspect of network interaction in

crypto, mergers and acquisitions serve two

the blockchain space. Some, like Bitcoin and Zcash,

key purposes: for the companies doing the acquiring,

are competing to be the protocols for money and

M&A represents a way to transform the cash or equity

value transfer. Others, like Ethereum and EOS, are

they spend on the deal into talent, technology, or

competing to be the protocols for smart contracts,

users. For the companies on the other side of the table,

and even more are competing to build protocols for

acquisitions provide a path to liquidity for early team

specific categories of activity, such as IPFS with data

members and investors, as well as a new set of capital,

storage and 0x with decentralized exchanges. Each

and human and technological resources to deploy in

of these protocols represents a crypto economic

service of whatever mission they have. Basically, M&A

network that gets stronger as more applications build

represents a way to buy what you otherwise would

on top of it.

have had to build.

ART IS THE FIRST STEP TO ADOPTION

23


“CRYPTOASSETS, HOWEVER, GET THEIR RELEVANCE FROM THEIR DECENTRALIZED NETWORKS OF SELF- SOVEREIGN USERS AND TOKEN HOLDERS WHO ARE UNDER NO OBLIGATION TO CARE ABOUT WHAT ANY ‘LEADERS’ OF THE NETWORK DECIDE.”

E H T N E WH R E Y A L L O C O PROT G N I R I U Q C A S START

Two

recent

acquisitions suggest that

M&A activity in the protocol layer is about to heat up. In a June 21 Medium post, Blockchain Capital’s Spencer Bogart predicted that we’d begin to see a wave of acquisitions from what he called “Cash Flush Business Light” companies. His thesis is that many of the crypto networks that had built massive war chests through ICOs and exchange listings would find it easier to buy growth than to build it. Moreover, Bogart suggested many acquisitions might be effectively free as the community of investors and token holders respond with more demand, raising the token price. There are a couple of indications that Bogart’s

Crypto-economic networks make M&A much more complicated. In traditional M&A, the purchasing party buys a controlling stake of the equity of the firm being acquired, getting with it proprietary IP, balance sheets, talent, data, etc. Transactions can be negotiated between two centralized leadership parties. Cryptoassets, however, get their relevance from their decentralized networks of self-sovereign users and token holders who are under no obligation to care about what any “leaders” of the network decide. In fact, not only do they have no obligation to abide by leadership decisions, they have extraordinary mobility to do the opposite.

prophecy is coming true. Firstly, last month Tron founder, Justin Sun, completed an acquisition of P2P file sharing granddaddy, BitTorrent, for $120 million USD. Interestingly, it was Sun himself who personally executed the transaction. The usually boisterous Sun has been quiet on social media about if or how the company will bolster the Tronix network: one BitTorrent shareholder told TechCrunch that the acquisition would be used first to bring additional legitimacy to the Tron project, and then as a global token mining architecture. Secondly, on June 20th, Fortune confirmed a rumor that had been circulating this month that Stellar, whose Lumens token currently represents the world’s seventh largest cryptocurrency, would be

Because intellectual property is liquid due to its being

purchasing Chain. Chain’s Sequence product helps

open source, dissenting developers can simply fork

companies manage their “financial assets in a token

the code and continue building towards their version

format,” and Fortune speculated that the acquisition

of the project. Because capitalization is liquid due

was primarily talent motivated.

to tokens, dissenting investors can simply take their money

elsewhere—perhaps

to

the

newly-forked

version of the project. This “liquidity of everything” (talent, IP, capital) is a unique characteristic of crypto asset networks: one implication is a pretty severe limit on the opportunity for two token networks to merge.

The most interesting part of the $500 million acquisition is the fact that it will be executed entirely in Lumens. This immediately set Reddit aflame with questions. Is this good for XLM because it grows the network? Or, on the other hand, is it potentially catastrophic? What is stopping Chain from simply cashing out their XLM?

Facebook’s

In many ways, the Stellar acquisition will be the first

acquisition of Instagram and WhatsApp nearly alone

case study in what happens to a crypto asset network

with the CEOs of those companies, Vitalik Buterin and

when its token is used to execute a major acquisition.

Dan Larimer can’t simply sit down at Coupa Cafe in

Whatever happens, good or bad, will have a major

Palo Alto and decide to make Ethereum and EOS one

impact on how other crypto networks think about and

network. For this reason, most of the M&A activity in

integrate M&A into their own strategies.

Where

Mark

Zuckerberg

negotiated

crypto to date has either been at the service layer— such as Circle and Coinbase acquiring exchanges, securities brokers and other aligned companies as they try to build crypto investment onramps—or in the enterprise, such as Spotify acquiring Mediachain to help them build music rights attribution on blockchain.

21 CRYPTOS


TOP 21 TOP 21 TOP 21 Save Yourself Some Time & Energy!

Welcome to our main feature! This is an analysis of the top 21 coins for the month ahead. We hand select some of our pros picks, add some of our own, and set about the epic task of researching and writing up only the most relevant information in the most easy-to-understand way - so you get the benefits of all the research and knowledge without any of the legwork. Our aim here is to help you get a quick look at a coin’s background, what it’s done last month, and what it may do next month. We include a lot of stats for those interested in their own analysis, and a scoring system on the bottom of each page - which gives a brief look at how we’ve rated each area of each coin’s performance. All info is accurate at the time of publication. The overall score we give - from 0 to 100 - allows us to rank each coin from no.21 all the way up to no.1. We analyse Public Opinion, how much Room To Grow the coin has, FA, and Upcoming Events. Those scores contribute to the final figure. Read on, see what coins are trending this month, and enjoy!


16-21 / TOP 21

Computing Power Shared

GOLEM

21

[GNT] https://coinmarketcap.com/currencies/golem-network-tokens/

-49% +54% GROWTH PAST 30 DAYS

GROWTH PAST 90 DAYS

$285M

0.309

BITHUMB UPBIT BINANCE

MARKET CAP ($)

PRICE ($)

WHERE TO BUY

SONM (SNM) STORJ (STORJ) ELASTIC (XEM) COMPETITION

PRICE (US$) 0.8

HIGH: 0.623

LOW: 0.278

0.8

0.4

0.4

0.0

0 JUNE 2018

CATCH UP

JUL 1

BACKGROUND

UPCOMING EVENTS

Golem is an open-source, decentralized supercomputer on the blockchain. Golem’s power is only as limited as the computing power allocated in the network, from CPUs Golem

most

recently

announced

the

to entire data centers. With Golem you

release of Golem Brass Beta 0.16.0, which

can leverage someone else’s CPU power.

improves the performance of the network

Its possibilities range from CGI rendering

and also introduces new features. The CEO

through machine learning to scientific

No events could be found for the foresee-

of Golem took the stage at TAO Berlin, one

computing, which gives software devel-

able future, however a new roadmap as

of Europe’s leading technology festivals

opers the creativity and flexibility they

well as an updated whitepaper may be

last month as well.

need to go through with their projects.

expected soon.

TOTAL SCORE

ROOM TO GROW

FA 4

UPCOMING EVENTS 3

1

PUBLIC OPINION 2

50%


16-21 / TOP 21

Scalability, Privacy, and Interoperability

AION

20

[AION] https://coinmarketcap.com/currencies/aion/

-29%

-51%

GROWTH PAST 30 DAYS

GROWTH PAST 90 DAYS

$170M

0.982

BINANCE LIQUI KUCOIN

MARKET CAP ($)

PRICE ($)

WHERE TO BUY

ARK (ARK) WANCHAIN (WAN) BLOCKNET (BLOCK) COMPETITION

PRICE (US$) 2.5

HIGH: 2.31

LOW: 0.839

2.50

1.25

1.25

0.00

0 JUNE 2018

JUL 1

CATCH UP

BACKGROUND

The seventh token release was issued in

Designed to support custom blockchains

June to those who participated in AION’s

and act as a bridge between them, Aion

Token Release Schedule. They also hosted

allows

a live AMA on YouTube with Matt Spoke,

bility. This means that you can interact with

founder of AION. Prior to that, they had a

multiple blockchains through its network.

Aion will proceed with their token release

meetup during the month of May in Kiev,

Aion-1 is their first public, dedicated

this month for those who participated in

Ukranie.

blockchain.

the Token Release Schedule.

trustless

cross-chain

UPCOMING EVENTS

interopera-

TOTAL SCORE

ROOM TO GROW

FA 4

UPCOMING EVENTS 3

2

PUBLIC OPINION 3

52%


16-21 / TOP 21

A New Combination of Hardware and Software Blockchain Architecture

HIGH PERFORMANCE BLOCKCHAIN [HPB]

19

https://coinmarketcap.com/currencies/high-performance-blockchain/

-41%

-5%

GROWTH PAST 30 DAYS

GROWTH PAST 90 DAYS

$65M

2.02

MARKET CAP ($)

PRICE ($)

BIBOX KUCOIN

ETHEREUM (ETH) CARDANO (ADA) UBIQ (UBQ)

WHERE TO BUY

COMPETITION

PRICE (US$) 4

HIGH: 3.78

LOW: 1.78

4

2

2

0

0 JUNE 2018

CATCH UP

JUL 1

BACKGROUND

UPCOMING EVENTS

HBP is a new combination of hardware and software blockchain architecture which HPB’s CMO held a speech at the Btcoin-

seeks to make sure HPB will be a block-

ference in Brussels during the month of

chain that is always scalable and fast to

June. Hurun Research Institute released

avoid the usual hiccups and clogging we

the Hurun Blockchain Companies List for

may see in Ethereum or Bitcoin. Through a

2018: HPB was awarded as one of the top

chip engine, they aim to deliver full perfor-

50 innovative enterprises. They released

mance of distributed applications. The

their mainnet recently in the past month,

software architecture on the other hand,

and also attended Consensus back in May.

will provide account, identity and author-

Prior to that, they announced address links

ization management, strategy manage-

In July they will lock in a partnership with

for public supervision.

ment, and much more.

UnionPay.

TOTAL SCORE

ROOM TO GROW

FA 4

UPCOMING EVENTS 4

2

PUBLIC OPINION 2

54%


16-21 / TOP 21

Integrating Blockchain with IoT on Business Ecosystem

WALTONCHAIN

18

[WTC] https://coinmarketcap.com/currencies/waltonchain/

-44% -38% GROWTH PAST 30 DAYS

GROWTH PAST 90 DAYS

$207M

6.29

PKEX BINANCE LATOKEN

MARKET CAP ($)

PRICE ($)

WHERE TO BUY

ONTOLOGY (ONT) IOTA (MIOTA) NUCLEUS VISION (NCASH) COMPETITION

PRICE (US$) 15

HIGH: 12.91

LOW: 5.59

15.0

7.5

7.5

0.0

0 JUNE 2018

CATCH UP

JUL 1

BACKGROUND

UPCOMING EVENTS

Waltonchain brings RFID device utilization to the blockchain. This is a great step for supply chain businesses that need to have their products tracked every step of the way, ensuring accuracy and instantly Earlier this year, Waltonchian had launched

verifiable information. It also tracks the

their Mainnet, Android and iOS mobile

proof of ownership of items back to their

wallets, and their first child-chain proto-

respective owners. Other use cases for

type. Most recently (in June) they have

the project include reliable anti-counter-

implemented Kaltendin, which is a produc-

feiting, improved security, trustless mecha-

Partnerships with clothing stores coming

tion, storage, and management system.

nisms, and more.

soon.

TOTAL SCORE

ROOM TO GROW

FA 4

UPCOMING EVENTS 4

1

PUBLIC OPINION 3

55%


16-21 / TOP 21

Fast. Scalable. Low Fees.

ELECTRA

17

[ECA] https://coinmarketcap.com/currencies/electra/

-24% +186% GROWTH PAST 30 DAYS

GROWTH PAST 90 DAYS

$36M

0.00141

CRYPTOPIA CRYPTOBRIDGE COINFALCON

MARKET CAP ($)

PRICE ($)

WHERE TO BUY

METAL (MTL) BITCOIN CASH (BCH) BITCOIN (BTC) COMPETITION

PRICE (US$) 0.002

HIGH: 0.00191

LOW: 0.00117

0.002

0.001

0.001

0.000

0 JUNE 2018

CATCH UP

JUL 1

BACKGROUND

UPCOMING EVENTS

Electra is an open-source, scalable blockchain with low fees that is a hybrid mix of PoW and PoS. They aim for large scale adoption into the real world: transfers take only seconds. Thanks to NIST5 algorithm,

Masternodes are slated to be deployed

Electra claims to be extremely secure. The

on Electra’s network during this quarter.

Electra launched a new wallet back in

maximum supply is 30 billion coins, of which

They will also be launching mobile wallets,

March, however, in April they relaunched

only 1 billion has been pre-mined. Through

and payment gateway development is in

it “with a completely brand new interface;

PoS, holders can increase their investments

the works. Listing on more exchanges and

a departure from the bland, traditional

by 50% annually until the total circulating

further additions to its merchant base is

cryptocurrency wallets.”

supply reaches maximum supply.

also expected.

TOTAL SCORE

ROOM TO GROW

FA 3

UPCOMING EVENTS 4

3

PUBLIC OPINION 2

57%


16-21 / TOP 21

Blockchain-Based Digital Advertising

BASIC ATTENTION TOKEN [BAT]

16

https://coinmarketcap.com/currencies/basic-attention-token/

-22% +12% GROWTH PAST 30 DAYS

GROWTH PAST 90 DAYS

$251M

0.218

BINANCE BITTREX HUOBI

MARKET CAP ($)

PRICE ($)

WHERE TO BUY

INS ECOSYSTEM (INS) ADEX (ADX) AIRTOKEN (AIR) COMPETITION

PRICE (US$) 0.4

LOW: 0.195

HIGH: 0.305

0.4

0.2

0.2

0.0

0 JUNE 2018

CATCH UP

JUL 1

BACKGROUND

UPCOMING EVENTS

BAT is a token that is exchanged between publishers, advertisers, and users on the Brave Browser. The token is the fuel of the network and is based on user attention. Advertisers pay in BAT, while viewers receive Brave Software (BAT) was recently featured

BAT to view advertisements. Depending

in the Wall Street Journal’s “Top 25 Tech

on how much viewing time a publisher

Companies to Watch for 2018.” They are

racks up, the publisher is proportionately

No events have been listed for the foresee-

also newly listed on the Koinex exchange.

rewarded in BAT as well.

able future.

TOTAL SCORE

ROOM TO GROW

FA 4

UPCOMING EVENTS 4

1

PUBLIC OPINION 3

59%


LEARN

HOW TO TEACH

NO-COINERS “BITCOIN IS FAKE INTERNET MONEY USED FOR PORN AND DRUGS.” Anyone involved with Bitcoin has heard this, and attempting to explain that it’s much more than that to someone on the outside can be a frustrating process. Time to explore how we can give them a true grounding in what this industry’s all about, and perhaps make a convert out of them yet...

B I TC O I N C A N B E A N I N T I M I DAT I N G A N D D E C I D E D LY C O M P L E X S U B J E C T T O T A L K A B O U T. Does your subject nod and change the topic because you use terminology they are unfamiliar with? Do you chat endlessly about cryptography and hash rates while they yawn? Keep in mind that no matter how passionate you are or how much you want them to wholeheartedly embrace Bitcoin, you’ll lose their interest if you go off on a tangent when they don’t even understand the basics of this new technology. Don’t try to explain Segwit, scalability, or forks until they have a rudimentary grasp of the fundamentals. They want to know what it is, what it does, and how they can get their hands on some. Once they are comfortable with this knowledge, you can give them further sources of information to explore:

21 CRYPTOS

Find out how to talk to someone who knows nothing about the wonderful world of cryptocurrency.


BITCOIN WAS DEVELOPED BY AN UNKNOWN PERSON OR PERSONS KNOWN AS

BITCOIN IS A PRIVATE, DECENTRALIZED DIGITAL CRYPTOCURRENCY.

SATOSHI NAKAMOTO.

Private because it is not issued by an official state authority.

His (it is generally assumed he’s male) whitepaper, published in 2008, is available to read online. In his conclusion, he writes: “We have proposed a system for electronic transactions without relying on trust” and this is the essence of Bitcoin, a system that eliminates the need for a middleman.

the concept of Bitcoin, or the network itself, without

capitalisation

party, instead it is distributed to a decentralized group of users: there is no central point of control. Digital because it is fully electronic: there are no coins or notes. It is a cryptocurrency thanks to cryptography (converting

Bitcoin with capitalisation is used to describe bitcoin

Decentralized because it is not issued by a central

data into a format that is indecipherable for an unauthorised reader) which prevents counterfeiting.

describes

In a centralised economy (in most countries), currency is

bitcoins as a unit of account. Each bitcoin

created by a central bank, but in a decentralized system,

consists of 100,000,000 satoshis. You can buy

currency is created by the nodes (computers that have

fractions of a bitcoin, so don’t panic when you

downloaded the Bitcoin software) in a peer-to-peer

observe that one bitcoin is worth thousands

network. With Bitcoin, the total number of bitcoins to be

of dollars.

created was set at 21 million, which are generated every time a miner discovers a new block. We’ll come to mining shortly.

THE BLOCKCHAIN IS THE OPEN-SOURCE, PUBLIC RECORD OF ALL TRANSACTIONS MADE ON THE BITCOIN NETWORK. This record is shared worldwide on thousands of computers and maintained by all nodes running on the network—in other words, a distributed system. Imagine the blockchain is a book. Each block (or page) is a record of new transactions. Once a block is completed (verified) it is added to the “chain” of other blocks (pages). In the end, you have a book: the blockchain. All blocks are built upon the first block, known as the Genesis Block, established by Nakamoto in 2009. Each transaction is immutable, verifiable, and available for anyone to see at any time. This decentralized ledger allows parties who do not know each other and who do not trust each other, to create transactions that are invulnerable to censorship. The system also prevents the loss of records and protects against any centralized record keepers who could be susceptible to corruption.

HOW TO TEACH NO-COINERS

33


“Spend some time with Bitcoin. Learn it,

LEARN

challenge it, and use it. You can assume no government wants you adopting this system in any capacity, and for that reason alone it’s worth consideration by honest, moral, and industrious people”

Eric Voorhees

BITCOIN IS THE

PICTURE YOUR WALLET AS A BOX WITH TWO LOCKS.

BEST SOLUTION PROPOSED TO DATE TO THE BYZANTINE GENERALS’ PROBLEM.

One lock allows you to open the box and take items out or put items in—opened only with your private key. The other lock only allows you to put items in—opened with your public key.

The Byzantine Generals’ Problem is a tale portraying

Never give anyone your private key, because

the difficulty of reaching consensus in distributed

it’s effectively giving someone your credit card

systems. Bitcoin solves this by what is known as

and PIN. There’s nobody to turn to if you lose

“mining.” Miners collect/broadcast transactions in a

your private key, so keep it somewhere very

block and verify that they are valid by solving a diffi-

secure or remember it. The public key is what

cult computational problem. They use specialised

you give to others if they are going to transfer

equipment called Application Specific Integrated

bitcoins to your wallet, similar to handing over

Circuits (ASICs) which are specifically built for this

your bank account details to allow a deposit.

purpose.

It is important to store your bitcoins in your own

Miners that solve the problem are rewarded by “winning” bitcoins, which occurs every ten minutes. Any attempt to magically produce bitcoins from

wallet and not hold them on an exchange because they only really belong to you if you are the owner of the private key.

nothing is impossible, because the code written into the Bitcoin protocol does not allow this. They cannot cheat the system. This process (simplified here) is known as “Proof of Work” and is how new bitcoins are introduced to the world.

BITCOIN IS A

METAMORPHOSIS YOU DON’T HAVE TO MINE BITCOINS TO OWN THEM. You can buy bitcoins on websites known as exchanges,

such

as

Bittrex.com

or

Coinbase.

com. These exchanges act as a marketplace for buying and selling cryptocurrency. Once you own bitcoin, send it to a digital “wallet” that you have downloaded to your device or to a “hard wallet,” such as the Ledger Nano (it looks like a memory stick, but it is totally secure). Your wallet will generate an address: this Bitcoin address is your unique identifier on the network where you will hold a public and a private key.

OF MONEY. “We are on the verge of creating the first completely global, completely borderless,

Fiona

completely decentralized, and completely

Cochrane

open form of money,” says Andreas Antonop-

has worked as

oulos, author of The Internet of Money. This will

a journalist in

manifest most robustly in the developing world

London, and is a

where millions of people who are unbanked

published author.

or underbanked will, for the first time, enjoy

She spent years

financial inclusion. With Bitcoin, you control your own money, and banks will no longer

throwing herself out of aircraft for fun, but now it’s

dictate how much you withdraw or question

Bitcoin that gets

your spending. You will no longer need identi-

her adrenaline

fication, in fact, you will ultimately no longer need a bank at all. You will be your own banker: saving money, maintaining your privacy, and answerable to no one.

21 CRYPTOS

South Africa and

pumping. @fi_writing


LEARN

LETS GET TECHNICAL

WEDGE CHART FORMATION The Tutor continues to teach us how to read market charts - this month, lets take a look at the Wedge Chart Formation.

In this article the wedge chart formation is explained using existing literature from known authors Richard W. Schabacker and Thomas N. Bulkowski. Compared to prior articles, this article might be, for some, a step further as it is more theoretical and thus better defined.

The Wedge chart formation belongs to the group of reversal chart formations, according to Schabacker (Schabacker, 2005). Remarkably, while forming, it continues in its trend prior to the reversal and triggers the reversal the moment it closes outside of the formation. The wedge chart formation is formed by the narrowing of the price range, creating either higher highs and higher lows (the rising wedge chart formation) or lower highs and lower lows (the falling wedge chart formation). In the remainder of this article, properties and shortcomings will be discussed, and it will be pointed out that the wedge chart formation can act as a continuation pattern as well. An example of the rising wedge can be seen in Figure 1 and of the falling wedge in figure 2.

LETS GET TECHNICAL

35


Figure 1: The Rising Wedge

Figure 2: The Falling Wedge

According to its definition, the wedge forms by converging within two trend lines. The price should test the trendlines at least five times to have a proper wedge formation. Also, the volume of the

The Falling Wedge and the Rising Wedge Compared

trend should be descending until a breakout, and the wedge should point sharply up or down (depending on the sort of wedge), in the case of a wedge reversal formation (Schabacker, 2005). When the price is converging in a nearly horizontal direction, the formation would be less reliable and less likely to be a falling/rising wedge, but would have the same nature as the symmetrical triangle. It won’t, per se, act as a reversal pattern in that case. When the formation does not meet the definition of a wedge, the formation is less reliable, hence it should not be treated as a wedge formation.

“THE WEDGE PATTERN IS RELIABLE ONLY WHEN IT CONFORMS STRICTLY TO THE DESCRIPTION.” - RICHARD W. SCHABACKER

21 CRYPTOS

When comparing the rising wedge

and

the

falling

wedge from our examples, it can be seen that the falling wedge breaks up with less momentum (close

above the wedge is often followed by a retest of the trendline), whereas the rising wedge breaks down with seemingly more momentum and a significant increase in volume. Bulkowski, the writer of the book “Encyclopedia of Chart patterns” considers both formations as bad performers (Bulkowski, 2018). Schabacker, the writer of ‘“Technical Analysis and Stock Market Profits” (first edition released in 1932), considers the rising wedge to be a more reliable chart formation than the falling wedge. When trading a potential wedge formation, one should wait for the price to break above the formed highs (or below the lows) and for volume to increase significantly in order to increase the formations’ reliability. In the case of the (supposedly less reliable) falling wedge, if the price does not manage to create a higher high or if volume lacks, the chance of a fake out would increase significantly.


Break Down From the Falling Wedge Chart Formation

Although

falling

wedge patterns are expected to break up from their formation, a breakdown from this formation

is a possibility as well (according to Thomas N. Bulkowski

both have similarities with the wedge formation, which

32% of the time). Bulkowski considers this pattern as a

was noted by Schabacker as well in his book. Schabacker

very poor performing chart formation, because of its high

defines the pennant as a “flag formed within converging

failure rate. Negative news, especially, might cause the

boundary lines,� that might make one think about a wedge

price to break down from a falling wedge formation.

formation (which likewise converges between two trend lines). But the main difference remains that a pennant forms after a strong impulse of the price (the pole), after

Reversal or Continuation?

which the pennant forms. Wedges typically do not form now,

under these circumstances, but rather at the end of a

in this article I

larger trend (hence why Schabacker refers to wedges as

have discussed

reversal patterns).

Up

until

the wedge formation as a reversal pattern. Like discussed earlier in this article, the wedge formation belongs to the group of reversal patterns (Schabacker, 2005). Namely, the rising wedge formation reverses the trend from bullish to bearish, according to definition (the opposite holds

How Reliable Are Wedge Formations?

The reliability of wedge chart formations seems

for the falling wedge formation). However, the wedge

to be low. In general,

formation might act as a continuation pattern as well,

both Schabacker and

depending on the duration of the formation. According to

Bulkowski agree, the reliability does increase when the

Bulkowski, after a pennant has formed, when the duration

wedge is rather sharply formed. The situation in which a

of the formation is longer than three weeks, the pattern

wedge forms is thus highly decisive in the reliability of the

will not be considered as a pennant anymore, but rather

pattern. An example of a rather reliable situation and

as a rising or falling wedge—depending on the direction

where a wedge formation acts as a continuation pattern

(Bulkowski, 2018). The bull pennant and the bear pennant

can be seen in figure 3 below: a practical example of

Figure 3: A practical example (created on TradingView)

LETS GET TECHNICAL

37


a falling wedge forming out of a bullish pennant. First, a bullish pennant forms. After not being able to break upwards within three weeks, the formation is considered a

Question for the Reader: a Practical Exercise

falling wedge. One of the many possible ways to measure

The

daily

timeframe

(1D)

for BTCUSD has been

a

battle

a target would be the high of the pole, which is “A” in

between bulls and bears. Especially now, since some

figure 3. If the price fails to break target A after an upwards

have been seeing different chart formations on the 1D

break from the falling wedge, it might reverse, causing a

timeframe. Bulls are looking at the 1D timeframe as a

failed falling wedge (even though it would have reached

‘falling wedge’ chart formation. They do not consider the

the first initial target “A”).

high and low values of the 1D candles, but only consider the close values of the chart (by looking at the line chart based on 1D close values). The falling wedge formation cannot be seen when high, open, close, and low values are considered. On the other hand, bears argue that there was a symmetrical

How to Measure Targets?

There different to

are ways

measure

a

triangle,

and

What do you think of these forma-

that

has

tions and their reliability in figure 4?

broken down,

Is this falling wedge (or symmetrical

with volume.

triangle) reliable? Let me know your

it

target from the wedge. In general, the way I prefer most is

thoughts by sending me a Tweet

measuring the target at the half of the wedge (simply 50%

(@CryptoTutor).

from the low to the high from the wedge). This often yields a reliable target. However, when measuring a target, the situation in which the wedge forms is of importance as well. In figure 3, for example, 50% of the wedge would be a rather low and noisy target. “A” in Figure 3 would be a better target to focus on. Also, when a wedge has formed at the end of a large and strong trend, the target of the

Bibliography Bulkowski, T. N. (2018). Chart Patterns. Retrieved from The Pattern Site: http://thepatternsite.com/risewedge. html

wedge (if the wedge seems reliable) might be way more extreme than one would expect by simply measuring the half of the wedge.

Schabacker, R. W. (2005). Technical Analysis and Stock Market Profits. Petersfield: Harriman House Ltd.

Figure 4: Reliable or not?

21 CRYPTOS


LEARN

MARKETS DON’T ALWAYS GO UP DOWNTRENDS ARE THE BEST TIME TO REFLECT AND PREPARE.

In recent months, as I’m sure many of you are well aware, the market for cryptocurrencies has been particularly brutal. Bitcoin is down over 60% from its peak of $20k, and many altcoins (especially the smaller ones) have lost much more than that. With that, it’s not so surprising that the current mood amongst traders is one of doom and gloom. It might feel like all hope is lost, but that simply isn’t true. The market will turn around eventually. It always does.

WHILE THE MARKET IS DEPRESSED and the opportunities are few and far between we must use this time to prepare ourselves for the next bull market. Looking back on our performance during the past market cycles, we need to ask ourselves what we did well, what we did poorly, and most importantly, how can we improve.

I’VE FOUND THAT from the traders that I spend my time talking with, the biggest issues holding them back are generally psychological. Most of the time the issues are directly associated with taking on too much risk and/or overtrading. Many traders (myself included) spend countless hours staring at the charts, trying to find opportunities and make trades while the markets are rising, only to step on their own feet and make less profit due to constantly entering and exiting positions. While it is possible to successfully scalp trade, it’s certainly not possible without a high level of effort.

MARKETS DON’T ALWAYS GO UP

39


THE BIGGER PROBLEMS

tend to arise

when traders risk too much on a single trade. Doing so is a surefire way to keep them glued to the screen until they’re ready to sell. Often the extra risk and attention can trick the trader into prematurely exiting a position when the price movement proves less bullish than was originally thought upon entering the trade. These quick entries and exits on one or multiple positions will very quickly stack up expenses from slippage and commission fees. In the moment, the perceived cost of those expenses may seem insignificant to the amount the price of the coin your holding could potentially drop, but over time you may find that depending on how often you trade, these

I’VE BURNED OUT BEFORE.

Back in

frequent but small losses will have a significant effect on

Spring of 2017, the altcoin bull market lasted 3 straight

your balance.

months. I would over-risk and overtrade every day from

MOST TRADERS ARE FAMILIAR with the concepts of overtrading and over-risking, but tend to think the only reason they’re to be avoided is because they lead to less profitable or unprofitable trades. Lack of profitability isn’t the worst part. It’s fair to say that trading places a certain amount of stress on a trader’s mind. How could it not? They are essentially gambling with their hard earned money. If a trader is overtrading and/or over-risking, it further compounds that stress until it seeps into their mind and corrupts their everyday life. This kind of grind is an addiction and can eventually lead to a burnout.

the time that I woke up to the time I went to sleep. It was an incredible time in the altcoin market: full of easy trades and opportunities. It got to the point where I would wake up every three hours during the night to check the prices, go back to sleep, and then spend the entire day watching charts and trading. At the time I would tell myself that it was ok to strain myself like that because it was a once in a lifetime opportunity to build wealth. Given my lack of trading experience at the time, I’m not sure I could see myself doing it any differently, but the point is that now, looking back on that time, I know that I never want to do that again.

IF A TRADER IS OVERTRADING AND/OR OVER- RISKING, IT FURTHER COMPOUNDS THAT STRESS UNTIL IT SEEPS INTO THEIR MIND AND CORRUPTS THEIR EVERYDAY LIFE.

THAT’S WHAT THIS BEAR MARKET gives us—I’m able to reflect on my trading experience to see where I went wrong and why I burned out. I can prepare myself for the next bull market so that I can avoid that kind of excessive effort. In order to become a better trader, you must also do the same. Find the most stressful moments and least successful stretches, then come up with a strategy to counter

them so that when a similar situation arises in the future, you are able to not only fare better than before, but to turn that unfavorable predicament into an advantage for yourself.

Beastlorion @Beastlyorion Hailing from a background of music and web development, I was first introduced to cryptocurrencies in February of 2016 by a friend and colleague. It didn’t take long for me to see the immense potential in this space. By early 2017, I was fully invested and then began to trade them as a full time endeavor. In this time I’ve learned so much about cryptocurrencies and investing/trading that I’ve been able to radically change my life for the better. These days, I am working on perfecting my trading strategies in order to get the best possible returns.

21 CRYPTOS


11-15 / TOP 21

Reclaiming Value for Content Creators, Publishers, and Consumers

PO.ET

15

[POE] https://coinmarketcap.com/currencies/poet/

-51%

-48%

GROWTH PAST 30 DAYS

GROWTH PAST 90 DAYS

$35M

0.0136

BINANCE OEX OKEX

MARKET CAP ($)

PRICE ($)

WHERE TO BUY

INK (INK) LUNYR (LUN) PRIMAS (PST) COMPETITION

PRICE (US$) 0.04

HIGH: 0.0304

LOW: 0.0126

0.04

0.02

0.02

0.00

0 JUNE 2018

CATCH UP

JUL 1

BACKGROUND

Po.et

uses

blockchain

UPCOMING EVENTS

technology

to

provide immutable timestamped data and ownership information to your creative digital works. It is an open network where you can discover new content or verify authenticity. Po.et simplifies the publishing processes by allowing users to create

This month Po.et’s CEO will a speaker at

Po.et CEO, Jarrod Dicker, held an informa-

and issue licenses without having to rely

Distributed 2018, a two-day conference in

tive AMA on Reddit last month, and in May

on third party systems, allowing users to

San Francisco, California—they are also

was a participant of the CDX Innovations

choose whether they want to create their

one of the sponsors of the much antici-

Summit in New York.

own licensing terms, and more.

pated Bay Area event.

TOTAL SCORE

ROOM TO GROW

FA 4

UPCOMING EVENTS 4

2

PUBLIC OPINION 3

60%


11-15 / TOP 21

Custom Tokens on a Decentralized Exchange

WAVES

14

[WAVES] https://coinmarketcap.com/currencies/waves/

-38% -29% GROWTH PAST 30 DAYS

GROWTH PAST 90 DAYS

$294M

2.59

BITTREX TIDEX WAVES

MARKET CAP ($)

PRICE ($)

WHERE TO BUY

BRIDGECOIN (BCO) 0X (ZRX) BITSHARES (BTS) COMPETITION

PRICE (US$) 5

HIGH: 4.62

LOW: 2.55

5.0

2.5

2.5

0.0

0 JUNE 2018

CATCH UP

JUL 1

BACKGROUND

UPCOMING EVENTS

The Waves Platform is a decentralized exchange and blockchain in which you can launch your own tokens. As opposed to

other

cryptocurrencies,

you

don’t

Waves is on a tour around the world—this

need to download the blockchain to use

Waves will be in London discussing block-

past month they attended The Big Block-

Waves’ client. They offer the possibility

chain impact on fintech and legacy finan-

chain Race, where the main discussion

of fiat deposits, a multi-currency wallet,

cial institutions during the Blockchain in

subject was how to make money via block-

portfolio control, a crowdfunding platform,

Financial Services event later this month.

chain. They also attended Blockchain Expo

decentralized voting, and an encrypted

They will also present at the Driving Business

Europe in Amsterdam.

messenger service.

Value with Smart Contracts event in Berlin.

TOTAL SCORE

ROOM TO GROW

FA 4

UPCOMING EVENTS 4

2

PUBLIC OPINION 3

62%


11-15 / TOP 21

Network Connectivity Protocol & Ecosystem

NEW KIND OF NETWORK

13

[NKN] https://coinmarketcap.com/currencies/nkn/

-39%

N/A

GROWTH PAST 30 DAYS

GROWTH PAST 90 DAYS

$34M

0.234

MARKET CAP ($)

PRICE ($)

GATE.IO SWITCHEO NETWORK

SUBSTRATUM (SUB) NEXUS (NXS) MAIDSAFECOIN (MAID)

WHERE TO BUY

COMPETITION

PRICE (US$) 0.6

HIGH: 0.514

LOW: 0.226

0.6

0.3

0.3

0.0

0 JUNE 2018

CATCH UP

JUL 1

BACKGROUND

UPCOMING EVENTS

NKN is the first project to put connectivity in the blockchain for a decentralized, truly open, and shared internet. It runs on Proof of Relay (PoR), which rewards miners for the amount of connectivity and transmission NKN attended a NEO Meetup in London

provided to users on the network. Founder

in June and was recently listed on Gate.

Yanbo Li is also a co-founder of Onchain

Testnet v.03 (Lemur) is set to be released

io.

and

and previously was a NEO core developer.

in August, which will focus on optimizing

roadmap went live on the 11th, and they

The ICO was successful, reaching a hard

scalability and efficiency. SDK alpha will

just launched their testnet.

cap of $12,600,000.

be released as well.

Their

open-source

repository

TOTAL SCORE

ROOM TO GROW

FA 4

UPCOMING EVENTS 4

4

PUBLIC OPINION 2

64%


11-15 / TOP 21

Decentralised Marketplace

SYSCOIN

12

[SYS] https://coinmarketcap.com/currencies/syscoin/

-52% -38% GROWTH PAST 30 DAYS

GROWTH PAST 90 DAYS

$90M

0.17

BITTREX POLONIEX LIVECOIN

MARKET CAP ($)

PRICE ($)

WHERE TO BUY

BITBAY (BAY) DISTRICT0X (DNT) KORECOIN (KORE) COMPETITION

PRICE (US$) 0.5

HIGH: 0.365

LOW: 0.161

0.50

0.25

0.25

0.00

0 JUNE 2018

CATCH UP

JUL 1

BACKGROUND

UPCOMING EVENTS

Started in 2014, their mission was to create the first decentralised marketplace which would cut out the middleman, resulting in

They are currently working on encrypted

much lower fees than that of their bigger

messaging

competitors (such as Ebay or Amazon).

network implementation, a shipping notifi-

Most recently, Syscoin took a snapshot for

Their public sentiment is high, and the

cation system from within the escrow, and

the CPS coin airdrop.

long-term investment potential is great.

offering service layers.

enhancements,

lightning

TOTAL SCORE

ROOM TO GROW

FA 4

UPCOMING EVENTS 3

3

PUBLIC OPINION 3

65%


11-15 / TOP 21

Decentralized, Immutable, Unstoppable Smart Contract Platform

ETHEREUM CLASSIC

11

[ETC] https://coinmarketcap.com/currencies/ethereum-classic/

+0.13%

+6%

GROWTH PAST 30 DAYS

GROWTH PAST 90 DAYS

$1.6B

15.32

BITFINEX BINANCE BITTREX

MARKET CAP ($)

PRICE ($)

WHERE TO BUY

ETHEREUM (ETH) NEO (NEO) QTUM (QTUM) COMPETITION

PRICE (US$) 20

LOW: 12.63

HIGH: 17.55

20

10

10

0

0 JUNE 2018

CATCH UP

JUL 1

BACKGROUND

UPCOMING EVENTS

Ethereum Classic is a platform which runs on smart contracts. It’s essentially like Ethereum, except that Ethereum Classic Back in May, Ethereum Classic was very

moved on with the original code in order

busy with working on a prototype of

to keep it immutable after the “DAOsaster”

Sidechain and enabling new opcodes

in 2016, when a hacker managed to steal

for compatibility with Ethereum, a Hard

more than 3.6M ether through an ICO.

Fork, and attending the EDCON confer-

Ethereum Classic was born after this,

ence. Most notably, Coinbase recently

believing that Ethereum was attacking the

ETC

announced their intention to list ETC in the

core idea of decentralization by changing

Canada as well as Distributed 2018 in San

coming months.

its code. For ETC investors, code is law!

Francisco this month.

will

attend

Super

Conference

TOTAL SCORE

ROOM TO GROW

FA 3

UPCOMING EVENTS 4

2

PUBLIC OPINION 4

69%

in


WRITE FOR US

If you’d like us to feature your writing, send

Please include:

us an email at content@21cryptos.com for more info!

• A bit of background about yourself • I deas about what you’d like to write • A sample of your writing


DECENTRA LADIES

‘Cause if you like it then you should put a ring signature on it! DECENTRALADIES

47


Meet the DecentraLADIES

Íris. S

“IF YOU AREN’T WHERE YOU WANT TO BE ALREADY, STAY HUNGRY AND WORK HARDER THAN EVERYONE ELSE, EVEN IF IT MEANS MAKING SOME TEMPORARY SACRIFICES.”

@n00bqu33n Found the leprechaun of magic internet money in 2016. Part hodler, part wannabe trader. Nothing a good FA can’t heal.

Pamela Paige

@thePinkCrypto Pamela is a real estate developer in New York City who specializes in connecting high-level commercial developers nationally. After a decade in charge of staffing, marketing, and development for Team Enterprises and US Concepts, she has brought her talents to Phore for whom she is currently employed.

Desiree

@dickerson_des Came for the doge, stayed for the sh*tposts. Professionally serving as Blockchain and Digital Currency fellow at Women for Women International, exploring how distributed ledger technology can empower women in post-conflict, marginalized countries.

21 CRYPTOS

ÍRIS ASKS | IRIS MEETS THE INFAMOUS MISSNATOSHI

P. 049


Decentraladies

1. ÍRIS ASKS!

MISSNATOSHI @missnatoshi

If you hang out on Twitter, there’s

no

way

you

aren’t familiar with her— she’s known as Missnatoshi, and she is our ÍRIS: LET’S START FROM THE TOP. HOW DID YOU FIND OUT ABOUT CRYPTOCURRENCIES?

interviewee this month. From trader, to miner, to conference attendee and globetrotter: she’s a “Jane of all trades” and is always ready to take on any challenge in her way. Let’s chat with one of the hungriest minds in crypto and see how her knowledge can benefit

I CAN’T SAY EXACTLY, BUT I CAN SAY THAT SOME OF MY SH*TCOIN “X’S” WOULD BLOW WALL STREET’S MIND

you.

MISSNATOSHI: I saw the price of bitcoin climbing rapidly in early 2017; I took interest in it, but I was more like, “How do I get some?” back then. Then, as if by fate, I took a friend out to lunch who happened to be into crypto, and he told me about Ethereum and Neo (Antshares at the time). He also told me about the exchanges I could get everything on. I remember taking notes on my phone, and it was like an alarm bell went off in my head. I ran home and instantly signed up and bought my first coins. I knew that this was something dangerous and special: that crypto could either change my life or ruin it.

HOW LONG DID IT TAKE FOR YOU TO FEEL COMFORTABLE TRADING CRYPTO? ARE YOU MORE OF AN INVESTOR, SWING TRADER, OR DAY TRADER? I would say I have tried a bit of everything. At first, I was a hodler, but I learned quickly the market was so volatile. Specifically after the China crash, I started to get sick of taking losses, so I took to YouTube/online and started to really teach myself how to day trade. There was a point when I think I was fully addicted to margin trading on Bitmex— thank goodness I am out of that phase now. I have learned the hard way to protect my capital these days, so I would say I am a combo between swing trader and investor. WHAT WERE SOME OF YOUR MOST PROFITABLE TRADES? I can’t say exactly, but I can say that some of my sh*tcoin “X’s” would blow Wall Street’s mind. YOU GO WAY BEYOND TRADING. YOUR MINI RIGS GATHERED QUITE A BIT OF FAME ON TWITTER BECAUSE, BESIDES BEING USEFUL, THEY WERE ALSO AESTHETICALLY PLEASING. WHERE DID YOU GET THE INSPIRATION AND IDEAS FROM TO START SETTING UP YOUR FIRST RIG? I became interested in mining early on, as I wanted to immerse myself in the industry as much

Photography: Heidi Chakos

DECENTRALADIES

49


as possible. I met someone who is now a great friend to me from my hometown; he taught me step by step how to make my first rig. I realized right away that his style was unique. Since then, I have made a few. That’s half the fun though—I also love hunting for these undercover community projects and start hashing as early as possible. HAS MINING BEEN MORE PROFITABLE TO YOU THAN TRADING? WHAT ARE YOU MINING NOW (IF YOU CAN SHARE)? Mining is still just a hobby, but I am long on these bags. Right now I am mining Loki. I’VE SEEN MANY WOMEN IN THE COMMUNITY DEALING WITH TROLLS; TWITTER CAN BE A SPACE THAT’S FULL OF THEM. THE MORE FOLLOWERS YOU GATHER, THE MORE TROLLS COME ALONG. HOW DO YOU DEAL WITH OVERCOMING THE HATERS AND KEEP BEING WHO YOU ARE? What haters? That’s what my grandma always told me—that haters are really just unhappy “likers,” since I was a kid. So once I realized that, it set me free. YOU ARE ONE OF THE MOST SELFTAUGHT LADIES I’VE MET IN THE SPACE. HOW DO YOU STAY SHARP AND AT THE TOP OF YOUR GAME? Ah, thank you. It gets exhausting, but I love it so much it doesn’t even feel like work. My crypto life is a mix of Youtube, Telegram, Twitter, Instagram, newsletters, conferences, and books. I watch YouTube videos at 1.5 times speed to catch up quickly. Networking and collaborating within the community has been key to staying ahead of the game. Conferences have been great for meeting people and learning about new projects. My Telegram groups and channels have also been extremely valuable to me. I get email newsletters every day to stay

21 CRYPTOS

on top of current events, and I love to read books on crypto; I can’t wait until more begin to get published.

IF YOU AREN’T WHERE YOU WANT TO BE ALREADY, STAY HUNGRY AND WORK HARDER THAN EVERYONE ELSE, EVEN IF IT MEANS MAKING SOME TEMPORARY SACRIFICES.

YOU OFTEN TRAVEL TO BLOCKCHAIN CONFERENCES. DO YOU HAVE ANY MEMORABLE, INSPIRING MOMENTS YOU’D LIKE TO SHARE WITH US? The best part of conferences is being around like-minded individuals in the space. Sharing this sense of community is going to be a huge part of crypto going mainstream in the future. WHO ARE SOME OF THE PEOPLE YOU’VE YOU’VE ENJOYED MEETING IN PERSON THE MOST? When my Vikings come up and say hi to me! LASTLY, WHAT IS (IN YOUR OPINION) THE MOST IMPORTANT ADVICE TO KEEP IN MIND DURING THESE STAGNANT MARKETS? If you aren’t where you want to be already, stay hungry and work harder than everyone else, even if it means making some temporary sacrifices. I made some unbelievable trades by spending hours surfing CMC, doing FA, and investing in the low caps during the great August bear market. I hodl’d those forever, it seems, until they all went crazy in December. That was only a few months of pain. You will never work as hard as you do when you are truly trying to come up in crypto—at least for me, but I just keep setting my goals higher and higher. Thank you for the interview, Missnatoshi! Keep blessing the community with your presence and wit.


Decentraladies

2. PAMELA’S DIARY

THERE’S A REASON YOU SHOULD DO YOUR OWN RESEARCH How technical analysis is a tool to help you trade and invest, not a predictor of price action.

THEY SAY THE ROAD TO HELL IS PAVED WITH GOOD INTENTIONS, AND THE CURRENT BEAR MARKET IS HIGHLIGHTING THAT CLICHE IN SPECTACULAR FASHION WITH ‘ORACLE’ STYLE TECHNICAL ANALYSIS CIRCULATING THROUGH CRYPTO SOCIAL MEDIA COMMUNITIES. The problem with much of the analysis on social media platforms such as Twitter is that some of the technical analysis (TA) ‘experts’ have been the ones given themselves that title freely, and are propagating their analyses as foolproof predictions. The dogmatic views portrayed by (some of) these crypto influencers trickles down to the buy and sell buttons of the inexperienced and unskilled traders. A lot of the time this doesn’t work out well for the person looking for a quick buck, and as a result those traders then turn around and blame the influencer for their poor decision. The reality is that there are no crypto oracles with the level of predictive foresight expected from the masses, and regardless of the ultimate responsibility being on the trader - both parties need to hold themselves accountable for their actions. In observing a few of the self-proclaimed experts, you’ll notice that some have a tendency to play the prophet, basing calls and predictions on unconfirmed indicators. The degree of utter certainty with which some state their analyses is a dangerous trend of its own. Unfortunately, it’s a level of confidence that inspires people to make trades without further research, and as a result those traders can lose a lot of money from poorly thought out decisions. Some traders and analysts neglect critical information needed to confirm a trend. The truth is that proper use of TA helps the trader to identify when there has been a change in trend and when to adapt their strategy, instead of solely being used as a predictive measure for determining price action. Unfortunately many of these chartist act preemptively, drawing out trends to trade on before said confirmation occurs. Slapping an image with similar shapes over top of a chart and tracing it is not sufficient evidence that a pattern has formed, and so I challenge all readers to instead opt to use guides that highlight ‘possible’ scenarios or confirmations, as opposed to ‘certainties’.

THE DEGREE OF UTTER CERTAINTY WITH WHICH SOME STATE THEIR ANALYSES IS A DANGEROUS TREND OF ITS OWN.

DECENTRALADIES

When used correctly, technical analysis can be one of the strongest tools available to the trader, especially when one obtains the understanding that TA is not used to predict prices. It should be used, instead, to map out past activity and human emotion in order to give the skilled analyst an idea of probable scenarios. Experienced analysts will tell you this is not science, but rather an art - and much like art everyone has their own style. Furthermore, resilience is the precursor to skill, and to master that artform one must overcome inevitable mistakes, using this experience to increase the efficacy of one’s future analysis. We understand that the Cryptosphere can be intimidating, whether it comes to learning about blockchain technology or keeping up with the plethora of new altcoins emerging daily. It’s no question as to why the steep learning curve involved with trading in these markets is sure to send the masses searching for easier methods of keeping up with what to trade and when to trade it. The surfacing problem is that many traders neglect putting forth their own due diligence - instead, they distribute their blind faith amongst several personalities who are deemed experts, prophets, and fortune tellers. My question to you is this: would you let a stranger decide when to sell your house and for how much? Would you let an internet sensation pick your career? Better yet, would you allow your bank to choose how to invest your savings? Your answers to these questions should speak for themselves, but if they don’t, I will answer for you: a colossal [expletive deleted] NO!

51


Decentraladies

3. DESIREE’S CRYPTO CULTURE

THE SCAM THAT GIVES The latest craze in the world of scams - the ETH giveaway.

Scams and fraud have become common place in the crypto community, but recently social media platforms have experienced an uptick in crypto related-scams,

specifically

those targeting well-known, or

“influencer”,

accounts.

Crypto scams range from the obvious and easily identified to outright deception and fraud, but the last month has proven especially bad for users on Crypto-Twitter.

21 CRYPTOS


Cryptocurrency scams have plagued the entire internet for quite some time and have led to significant censorship from social media platforms such as YouTube, Facebook, and Twitter, in addition to Google’s entire suite of products. While these platforms have loosened their reins on crypto-related accounts and advertisements, it’s only a matter of time until bad actors evolve their tactics once again. Scams in the recent past include spoofing sites, spear phishing, watering hole, and man-inthe-middle attacks, to outright, yet sometimes debatable ICO scams. And none of these show signs of stopping on social media platforms or elsewhere. However, in the past few months the vast majority of scams have become concentrated in the comments sections of Crypto-Twitter. On occasion when popular Crypto-Twitter accounts - sometimes referred to as “influencers” - tweet as they would normally, it appears as if said user is commenting on their own tweet. While this may not typically be out of the norm, as users frequently follow-up on their tweets via comments, the atypical behavior is obvious in the content of the comment’s message. These scam comments consist of emphatic claims suggesting if users send a certain amount of ETH to a specific address, he or she will receive significantly more ETH in return. While the avatar picture is almost always identical to that of the legitimate user, and sometimes the entire profile matches as well, the Twitter handle is the dead give away. The username

is typically off by one or two letters or numbers, easily fooling users that fail to deeply investigate. The image below of one of Elon Musk’s tweets, with official Twitter handle @elonmusk, perfectly illustrates this scam tactic. The comment on the original tweet is by a fake Elon Musk account, with handle @elonnmuusk (including an extra ‘n’ and ‘u’) claiming that if users send 0.2 ETH to an address, they will receive 2.0 ETH in return. This example is a more unsophisticated attempt at the scam tactic, but some attempts are much more targeted and appear almost legitimate, even citing charity

donations. Initially these scams targeted extremely popular users with well over 50,000 followers. However, over the past month, these impersonation ETH scams are targeting users with considerably less followers. While most of these ETH scams

DURING THE BEAR MARKET, THESE SCAM ACCOUNTS HAVE PROVEN VALUABLE FOR THE SAKE OF ENTERTAINMENT

seem ridiculous and impossible to fall for, enough users have fallen into these traps to incentivize bad actors to go to great lengths and develop bots dedicated to ETH scams. Some of these bots accounts are painfully apparent, posting multiple irrelevant comments instantaneously after the user tweets. Again, however, some are more aligned to the users typical behavior and style of content, posing a greater threat to users new to crypto-Twitter and the ever-evolving nature of crypto-related scams. During the bear market, these scam accounts have proven valuable for the sake of entertainment, with many users interacting with scam accounts and even poking fun at ETH scams on each others a c c o u n t s . However, a d i s t u r b i n g behavior that has developed in response to these scams is viewing these attempts at deception as a badge of honor. Many respond to these efforts at impersonation fraud as an extrapolated compliment - alluding to the saying, “Imitation is the sincerest form of flattery”. However, this irresponsible vanity is only serving to detract from community legitimacy, only for the sake personal gratification. Encouraging impersonation and fraud to feed our egos for the feeling of empowerment is harmful to the community as it only encourages bad actors to continue these behaviors and develop new tactics. The cryptocurrency industry still struggles to reach true legitimacy in global markets, and much is due to claims of fabricated, phoney technology, fraudulent businesses, and an unmitigated environment for scams. While acceptance is increasing, with platforms such as Facebook opening up use of and advertising on its services to the crypto world, the community needs to take responsibility to identify and address these issues detracting from genuine progress. Yes - ETH scams are entertaining in their ridiculousness. However, to avoid continued and further censorship, the crypto community, especially Crypto-Twitter, should take responsibility in self-policing communication channels to keep users safe. Relishing in impersonation as flattery only serves to encourage this poor behavior and detracts from the goal of mass adoption and legitimacy.

DECENTRALADIES

53


6-10 / TOP 21

Unified Framework for Blockchain Business Integration

UNIBRIGHT

10

[UBT] https://coinmarketcap.com/currencies/unibright/

-62%

N/A

GROWTH PAST 30 DAYS

GROWTH PAST 90 DAYS

$7M

0.0453

MARKET CAP ($)

PRICE ($)

HOTBIT IDEX

STRATIS (STRAT) VECHAIN (VEN) ARDOR (ARDR)

WHERE TO BUY

COMPETITION

PRICE (US$) 0.15

HIGH: 0.135

LOW: 0.0404

0.150

0.075

0.075

0.000

0 JUNE 2018

CATCH UP

JUL 1

BACKGROUND

UPCOMING EVENTS

Unibright’s goal is to help integrate blockchain in businesses that already exist. With more than 20 years of experience and a vast portfolio, German project Unibright UBT is a newer token to the scene, which

has the solution for this. Easy to set up,

They’re working on new projects with

recently sold out their ICO. Back in April,

Unibright gives the power to anyone to

potential big clients such as Lufthansa,

Unibright announced a smart contract

build their own blockchain-based solutions

Shell, and Siemens. They’re also in the

coding hackathon with Microsoft Germany

tailored to their business.The Unibright

process

to showcase their coding strategy and

Contract Lifecycle Manager creates smart

templates and specific interfaces to the

attract potential developers.

contracts with the push of a button.

workflow designer.

of

providing

more

workflow

TOTAL SCORE

ROOM TO GROW

FA 4

UPCOMING EVENTS 4

3

PUBLIC OPINION 2

71%


6-10 / TOP 21

Hyper Connecting the World in a Decentralized Network

ICON

09

[ICX] https://coinmarketcap.com/currencies/icon/

-40% +26% GROWTH PAST 30 DAYS

GROWTH PAST 90 DAYS

$646M

1.52

BINANCE BITHUMB OKEX

MARKET CAP ($)

PRICE ($)

WHERE TO BUY

ETHEREUM (ETH) QTUM (QTUM) LISK (LSK) COMPETITION

PRICE (US$) 3

HIGH: 2.83

LOW: 1.41

3.0

1.5

1.5

0.0

0 JUNE 2018

CATCH UP

JUL 1

BACKGROUND

UPCOMING EVENTS

Focused on a community-based blockchain, ICX seeks to bring different projects and

crypto

assets

together

without

resorting to centralized exchanges. Being mainly for identification data, wallets, and goods and services, they are giving real use cases to daily problems. The ideas are They attended Consensus back in May,

limitless. They currently have an interoper-

as well as Asia Crypto Night. ICONest

ability alliance with both Wanchain and

webpage

Most

Aion. They’re also working with healthcare

They will participate at Chainers 2018

recently, the mobile version of ICONest

industry, finance, insurance industries, and

blockchain conference in South Korea in

was released for Android.

universities.

the beginning of July.

was

also

launched.

TOTAL SCORE

ROOM TO GROW

FA 4

UPCOMING EVENTS 4

2

PUBLIC OPINION 3

74%


6-10 / TOP 21

Medical Records on the Blockchain

MEDICALCHAIN

08

[MTN] https://coinmarketcap.com/currencies/medical-chain/

-49% -33% GROWTH PAST 30 DAYS

GROWTH PAST 90 DAYS

$12M

0.061

HUOBI KUCOIN GATE.IO

MARKET CAP ($)

PRICE ($)

WHERE TO BUY

BOWHEAD (AHT) PATIENTORY (PTOY)

COMPETITION

PRICE (US$) 0.15

HIGH: 0.131

LOW: 0.0584

0.150

0.075

0.075

0.000

0 JUNE 2018

CATCH UP

JUL 1

BACKGROUND

UPCOMING EVENTS

It’s been in the news: when medical record files are held hostage, hospitals almost stop to a halt—they are unable to access these files, then spend millions in an attempt to retrieve them. With such files on the blockchain, this will cease to be a problem. Not only that, but Medicalchain Back in May, Medicalchain attended

also prevents these records from being

This month they will run the pilot applica-

several events: WBCS Moscow, Cube Tech

stolen for identity theft purposes. Records

tion for the Medicalchain platform. MTN

Fair in Berlin, Consensus in New York, and

will be easily manageable on the network

will also announce a new partner that has

a healthcare congress in Heathrow.

across different hospitals and facilities.

over 31,000 registered patients.

TOTAL SCORE

ROOM TO GROW

FA 4

UPCOMING EVENTS 4

3

PUBLIC OPINION 3

77%


6-10 / TOP 21

Leading Blockchain Platform for Products and Information

VECHAIN

07

[VEN] https://coinmarketcap.com/currencies/vechain/

-25%

+8%

GROWTH PAST 30 DAYS

GROWTH PAST 90 DAYS

$1.4B

2.58

BINANCE HUOBI LIQUI

MARKET CAP ($)

PRICE ($)

WHERE TO BUY

WABI (WABI) AMBROSUS (AMB) WALTONCHAIN (WTC) COMPETITION

PRICE (US$) 5

HIGH: 4.22

LOW: 2.38

5.0

2.5

2.5

0.0

0 JUNE 2018

CATCH UP

JUL 1

BACKGROUND

UPCOMING EVENTS

VeChain is a platform which seeks to end one

of

many

companies’

everlasting

problems: counterfeit goods. By allowing Mainnet was launched last month, and the

companies to digitally identify the legiti-

VeChain foundation started accepting

macy of a product, VeChain ensures that a

applications for the public alpha test of

legitimate product can be told apart from

the

VeChain

counterfeit goods through transparent

holders will generate THOR as part of

product lines, immutable databases, assets

VeChain will attend Distributed 2018 in San

staking rewards everyday after release.

traceability, and product authenticity.

Francisco, California later this month.

VeChainThor

blockchain.

TOTAL SCORE

ROOM TO GROW

FA 4

UPCOMING EVENTS 4

2

PUBLIC OPINION 4

79%


6-10 / TOP 21

Decentralized Green Energy Trading Platform

WEPOWER

06

[WPR] https://coinmarketcap.com/currencies/wepower/

-53% -58% GROWTH PAST 30 DAYS

GROWTH PAST 90 DAYS

$19M

0.0388

HUOBI LIQUI IDEX

MARKET CAP ($)

PRICE ($)

WHERE TO BUY

POWER LEDGER (POWR) SUNCONTRACT (SNC) COMPETITION

PRICE (US$) 0.1

HIGH: 0.841

LOW: 0.365

0.10

0.05

0.05

0.00

0 JUNE 2018

CATCH UP

JUL 1

BACKGROUND

UPCOMING EVENTS

Bridging the gap between producers of green energy and consumers is WePower’s main goal. The aim is to allow producers to tokenize the energy they produce in order to pre-sell their production and provide WePower

platform’s

launch

preview

an open market to the energy grid—fully

was at the end of April. In May, they

transparent

connected to the energy infrastructure.

CEO, Nikolaj Martyniuk, has expertise in

WePower will be testing their platform this

The co-founders hosted a live AMA on

renewable energy development projects

month. In August, there will be a country-

Facebook in mid-June.

all over Europe.

wide tokenization test in Estonia.

energy

trade

accounting.

TOTAL SCORE

ROOM TO GROW

FA 4

UPCOMING EVENTS 4

3

PUBLIC OPINION 3

82%


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Welcome to the coinbrief with Pamela Paige and Burger! This mini-featurette is a monthly interview with a popular coin or project, coupled with fundamental analysis. This month, the Coin Brief team tackles Kalculus. Read on to meet the people behind the coin and see what this project is all about!


Coin Brief

1 Q&A WITH

KALKULUS BY PAMELA PAIGE @THEPINKCRYPTO

Hi all, and thanks for your questions and your interest in Kalkulus. We also want to say thanks to Pamela @ThePinkCrypto and all The Round Table members for having us for our first Q&A.

(Pamela Paige) Where do you see KALKULUS in 2 to 3 years? Size, price, etc? What will be done during that time/what is target for that timeframe?

to the development team, changes of priorities, or new ideas.

Two or three years may seem like a short time, but in

drive us to this 2-year timeframe. We have set our long-term

reality (in the young world of blockchain) this could be a long

goal to be systematically and further adopted by the commu-

timeframe. We would like to think of Kalkulus in next years

nity, as widely and varied as possible. We are working to create

as the complete ecosystem that we already have in mind. We

and develop tools that will favor this adoption.

We have some things in mind that need time and are not even included in our development plan, and that could be what will

are working to create a complete set of tools based on Kalkulus as a digital asset with an intrinsic economic value that can be easily transferred between people and be used to buy and sell goods and services. It is not easy to make a prediction of what will be the price in 2-3 years, because we all know how mutable the scenario is and how fast crypto evolves, but is not unrealistic to expect a steady growth of the value already in upcoming months, especially because we are working really hard to release all products and services that we have already planned. Since when we launched the project, we have adjusted our roadmap upwards a number of times. This is because of new additions

Do you have a coin that you like to follow in its development? Or you try to find your own way in the development of a coin? Nowadays there are many interesting projects, and we look around a lot to stay updated. For sure, we follow other teams because we appreciate their style in communication, graphics, or their concept of business and development. However, we always try to run our own way in developing Kalkulus as project—it is absolutely fundamental to have your own idea of development. Most of cryptocurrencies (and probably Kalkulus too) in the end, work to solve similar problems:

THE COIN BRIEF

61


an example could be to use privacy in transactions or be a fast and widely adopted payment method. But this doesn’t mean that all coins do the same things. Projects could also have the same purpose or similar market niche, but could develop different tools to reach that target or penetrate that market niche. This is what the difference is between apparently similar projects. Sometimes it is hard to say who had the most original idea (except for some projects that really put on the table solid forms of technological or conceptual innovation), but in our opinion, there’s nothing wrong with getting inspired from other services and revisiting it with our own tools. This is the spirit of an open source community, and we are happy to provide our personal contribution. The project has a number of great advisers. Do you plan to become public? We judge the role of advisors as very important because usually they have skills or contacts that lack in a more “tech-oriented” development team. Recently we had some new additions to the team. We count on them to improve and expand other aspects of the project. As far as our identities, we will probably not reveal our real-life names for reasons that are “extra-crypto,” however not all members of our team are anonymous. We have nothing against anonymity, especially considering that the father of this technology is also anonymous, and recently more projects are working to protect privacy and anonymity. In our specific case, we think that anonymity and media under-exposure are an aesthetic choice necessary to guarantee the authenticity of the product. The choice of an “aesthetic of anonymity” is basically aimed at diverting attention to the product itself with the implicit intent of identifying the name of the project to a certain vision, of constituting, so to speak, an “identity”. As a long-term investor, I would like to ask: What are your plans for future development of the team? In the early stages of the project, I started to develop the project only by myself. When the workload started to become very heavy, I was forced to expand the team, and I included other members that are also very good friends. A positive aspect is, not only that we have fun working together, but we have already shared many work experiences (not only in blockchain-oriented projects), so we know the potential of that team. Looking at the point we are currently at, I think we have good coverage of the roles for what we need right now as far as development. The recent inclusion of “Futuring” in the team satisfied most of our needs for programming of interfaces and core business development. Soon we will start to recruit more people to help us manage the community, with the tasks of creating contests and daily activities. The purpose is to increase engagement of members of the project and expand our audience. How do you see role of community in the development of a coin? What governance model you plan to implement? Role of community is fundamental for the life cycle of a coin; their sentiment can influence investors or members of other communities to jump on board or slowly abandon the project. A solid community is what can bring a project to the most remote corners of the web and real life, thanks to the word-of-

21 CRYPTOS


mouth. From a development side, community can give

that could discourage them to invest despite budget availabil-

directions to the team about what could be priorities for

ity, because they do not have enough technical skills, trouble-

the project.

shooting capacity, time, and patience; they get scared of losing

A governance system is the bridge between the team

their investments. Others instead decide to go through the

and the community. Up until now, we have adopted a system

process of activating masternodes without having the technical

of governance based on involvement of our community on

skills, causing an huge increasing support requests or having

some key decisions regarding the future of the project by

masternodes not properly configured.

listening to the diverse ideas and opinions. We used our

Helping these people to access this technology, or speed

Discord channel to promoting a survey regarding availa-

up the process for all those that don’t want to spend hours on

ble budget resources after the swap—one of the proposals

setting up VPS or compiling code, can be translated in more

that our community decided to implement was to institute a

productivity of users and team, less resources spent on fixing

treasury fund, the “Kalkulus Treasury Fund”. This fund will

basic errors and more stronger network. To help members

implement a growing number of masternodes in different

of our community first and then later expand the service to

steps over a time range, while locking all collected rewards in

other blockchains, we are going to launch “The Hub,” which

a dedicated fund, in order to support and help future projects

is a set of services that include an easy masternode hosting

growth and development. Kalkulus source code already has

and deployment service, a nodes sharing system, a multi-coin

an integrated governance budgeting system that allows KLKS

web wallet, and monitoring and investment record keeping

masternode holders to vote on submitted proposals for future

services. With this complete set of web tools, users can have

development. We plan to activate the governance system in

access to an easy way to passively earn income without any

Q1 of 2019, and we are

technical skill, quickly use,

already looking to imple-

and simply keep track of

ment a procedure that

their

make the voting system as

a

user-friendly as possible. Why did you build this project? When Kalkulus was launched, the project had an identity and mission completely different from what is now. Basically, we

decided

to

run

a

crypto project because we strongly believe in the huge power of the digital economy in favoring new

“THE PURPOSE OF OUR MARKETPLACE IS TO FIND AND CREATE NEW BUSINESS PARTNERSHIPS WITH EMERGING BRANDS THAT CAN SELL THEIR GOODS WITH KALKULUS AS PAYMENT METHOD”

investments

very

detailed

with statis-

tics system and real-time rewards notifications. Adding a whitepaper to present your project will help, as the progression is at 25%. Would you explain more of the features that you plan to build? The

release

of

the

whitepaper is in our plans in the very near future. This was changed several times during its first revision, which was never released

forms of business in a way

due the change from KLK

that traditional economy

to KLKS. When we started

still cannot manage. Our personal background (electronic music production, visual mapping, audiovisual performances, digital graphics, and led programming) apparently have nothing to do with cryptocurrencies, but it was exactly this that moved us to start this journey. After some brainstorming, we had a set of options on the table of things to develop that we are now able to translate into reality. Also, we already have several applications in mind that could satisfy the needs of different market sectors that are still unexplored by crypto, contributing to diffusion and adoption of cryptocurrencies with an ever-growing number of users.

the project, we never had any idea that our roadmap would be adjusted as many times as happened, and some problems stopped us from releasing a whitepaper that should have been changed several times. Now the roadmap is more clear, and we plan to release a complete and detailed whitepaper that explains our vision of the project with all upcoming developments that we plan to build and release. How will your multivendor marketplace be different from actual ones? With traditional payment systems, if you want to sell something, it must be easy for people to buy. Remember

What problems or market needs are you solving? We are still working to become a widely adopted and used payment system at the moment. We are trying to build and release software accessible to everyone that could simplify the transfer of economic value between people. Looking at our personal masternode ecosystem, we found that an ever-growing number of people are approaching this technology. However, masternodes have some barriers to entry

THE COIN BRIEF

that in a multivendor marketplace, you are the man-inthe-middle. If your portal, website, platform, or shop is complicated to use or hard to be accessed from all devices available, your business could lack buyers/transactions. If you add to this a complicated interface or accessibility, and the actual barriers to the adoption of cryptocurrencies as a payment method, this could really increase the

63


difficulty of the learning curve, thus preventing people to

energy absorption and the solid aluminium case with fan and

from making transactions.

dissipators largely limit overheating of the device, making it

We would use a different approach creating a website that

possible to use without time limitations. In a second develop-

will not be decentralized in strict terms. Users will do trans-

ment step, we also have in mind creating specific applications

actions with our payment gateway as they already do with

in the HUB for remote control via SSH File Transfer Protocol.

traditional e-commerce websites: without setup, download, and installation, but also accessible from your mobile device. The marketplace will not be oriented only to products linked to crypto, like Staking Box. That will be available only in the official Kalkulus account with merchandise and other gadgets, but it will be expanded via new business partnerships with brands and some carefully selected private vendors. The purpose of our marketplace is to find and create new business partnerships with emerging brands that can sell their goods with Kalkulus as payment method, creating a perfect interaction between crypto and real economy. This could open new possibilities for brands to adopt and implement Kalkulus as payment method also in their official stores and will allow to users to have a place to spend their rewards from masternodes or staking. Will you plan to build some charity projects? Crypto really can change people’s lives; if it already can do that in countries with solid financial systems, schools, services, and transportation, we are sure that the impact on unbanked countries (or in countries with very low salaries) could be huge in their everyday lives. Our project is not strictly oriented to charity, but we have already faced the option to contribute with our cryptocurrency to help the diffusion of altcoins in countries that need financial help.

How much might the Staking Box cost? We are trying to determine the most suitable materials for customization, and this will obviously affect the final price. However, we want this product to be accessible, so the price range will be around $110 - $140 (USD). When will it be possible for external vendors to use the Kalkulus project? Our intention is to release our first version of marketplace in Q4 of 2018. The marketplace will allow some curated and selected external vendors to sell a specific kind of goods (collections sneakers like Air Jordans and similar items) using our website and accepting KLKS as a payment method, then we will slowly open to different categories of products. At same time we will start to find business partners that want to adopt the marketplace as additional gateway for selling their goods. This will favor the diffusion of KLKS allowing by vendors to enter cryptocurrency the ecosystem and always following our purpose of favor the adoption of the coin as a digital asset with economical value. At the same time, it is our intention to start experimenting (locally, in our region) with a KLKS-based payment system through physical point-of-sale devices. This could really bring cryptocurrency to everyday, real life.

donating coins, activating masternodes or, why not—a

To be blunt, what makes you different than any other of the thousands of currency coins out there? Why choose KLKS over the more established “currency?”

KLKS Staking Box with a staking amount inside and

We don’t think cryptocurrencies (if providing the same

give to primary schools or institutes for children in South

functions or needs) are all strictly similar. What makes coins

American, African, and Asian countries. This could help

different, also in value, is how you can use the asset in a digital

to provide a passive income for needs: books, clothes, food

or real economy. We are working to build and offer a complete

or simply to educate children on a totally different (and

ecosystem where an investor of KLKS, or also from another

free) financial system. Indeed, we look with big interest

coin, can use Kalkulus for their needs. Despite Kalkulus being

at what that Pinkcoin already does; they could be a great

a young project that still has not fully shown its potential, at

partner for launching something like that together.

the moment you can already pay for having an account on the

We would love to do our small part with personal initiatives,

I liked the Staking Box photo. When it will be released? At the moment we have only few prototypes for internal purposes, in order to perform all needed tests. We expect to release the device in Q4 of 2018. We already did some stress tests, but as the Staking Box will contain wallets of users, we need to still run some tests and be sure that their funds are safe. We also have to face the problem of availability and the shipment of all of the parts to assemble the devices as we intend for the final product, which you already saw in the photo. Someone once criticized the product, stating that it cannot perform well or can’t work: we can ensure that if

portfolio monitoring tool, Mycryprostats. By joining our Discord you can put your coin in a staking pool or use the internal wallet as a web wallet. As anticipated, it will soon be possible to join “The Hub” or spend your digital value in the marketplace. Other coins probably already offer similar services, but we are sure that any project will have its own vision and user experience. Using KLKS obviously will not prevent users from using Phore, Crave, Ethereum, or any other currencies (and vice versa) that cover other needs like privacy, smart contracts, or any other feature. Any user can find their set of coins that suits their different needs.

Staking Box is used for its main purpose (have a wallet

PoW is 30(?) KLKS/block for 5,000 blocks. What are the payouts looking like for PoS and Masternodes?

running inside that stakes coins or controls master-

In order to allocate rewards distribution more efficiently,

nodes) there won’t be any problem. If you need to run

Kalkulus adopted a system that dynamically changes the ratio

several wallets at same time, while staking, watching

between masternodes and staking rewards, preventing central-

a movie, or surfing the web—this is probably not the

ization of the network from masternode holders. The “SeeSaw

right device to perform those operations. The very low

21 CRYPTOS


Reward Mechanism� (implemented for first time from PIVX) automatically modifies the ratio between masternodes and staking rewards, according to different factors. The more coins that are locked in masternodes as collateral, the less profitable masternodes become (and stake profitability increases). How is PoS generated? Is it kind of like GAS that you just accumulate by holding or more random like PHR or PCN? Kalkulus uses Proof-of-Stake as an algorithm in order to secure the network and generate new coins. With proof of stake, the creator of a new block is chosen in a deterministic way, depending on its wealth (also defined as stake). The bigger amount of stake of the coin you hold, the higher the chance will be for earning rewards. The reward system by design has a lot of randomness built into it, this is done for security reasons. Also note that the PoS reward system is affected by the balancing of the SeeSaw Mechanism. What motivates the Kalkulus founders? The primary motivation is undoubtedly the passion and the curiosity for new technologies. The encounter with the blockchain world (many years ago) was not by chance. In particular, what drove us to find out more about the topic was the intuition regarding the possibility to exchange digital values without mediation/brokerage. All of these represent the dawning of a historic revolution that could kick off a worldwide redistribution of the wealth and lead to a subsequent proportional emergence of new business markets and models. What also motivate us is the interest that community has in what we are developing. They want new ways to employ their digital holdings, and thats moves us to always find new solutions to this request. Defining development targets and working to make this thing happen is what should drive all projects to put forth their best efforts and motivations in daily work for long term results. What key additions to the team are needed in the short term? Identifying the weak points is certainly a good first step for a solution. We already have found some missing roles to complete the team expansion: in the short term we believe that we should improve promotion, communication, marketing, and business development. That said, we are also aware that we need to find the right figures to integrate into an already running project, as well as sharing their vision and long-term goals with us. We believe that we have already identified the right figure that could cover the role of partnership and business developer. This is a very delicate and fundamental figure because it will be the one that will bring new partnerships to the project, broadening the possibility of commercial and business agreements, and could open doors to future collaborations with other cryptocurrency projects. We are more and more convinced that different projects should team up together to develop new possibilities, rather than being in competition to conquer the same market and business sectors. After all, if one project can do one thing well, and another project excels in another sector, we are in favor of joining forces to develop something excellent, rather than releasing something similar, but which still has weaknesses. We are already trying to fill the role of community manager,

THE COIN BRIEF

65


who is responsible for keeping the community compact. We

ously stated, the head working group has already been tested,

have already some good tools for creating engagement inside

having worked together with various projects not expressly

Discord and we have many ideas to develop, but we need

linked to the world of cryptocurrencies. The other strong

someone who covers this role by setting goals to be achieved.

point that we feel we possess is the openness towards collab-

We are also considering the role of a marketing manager,

orations and the vision of competition as a positive and essen-

who must take care of the positioning of the project and

tial element for the growth of the whole crypto environment.

of its products in a space where there is very high competition and where it is difficult to emerge without the right

What factors will limit KLKS community growth? Honestly, I would consider it ungenerous to talk about

strategies.

limitations in the growth of our community, considering the How do you plan on scaling the team through the next year?

months. Despite this, we believe that some focal points to

Scaling the team is another process that needs time and

more growth are still too close to commercial and economic

well-set targets: until now our project didn’t have such needs,

phenomena. Often, some service providers (taking advantage

but we think that with the upcoming additions of the differ-

of their privileged position) ask for a really exorbitant listing

ent roles for team, integration between all these different

fee. For a project as young as ours, this often proves to be one

roles will be the key for stable growth, for the achievement

of the main problems that can cause slowdowns and limitations

of business objectives, and for the evaluation of results.

to growth.

increase in members and the interest that has aroused in recent

This will be done through daily communication, weekly What can the Kalkulus community do to help the project grow?

and monthly reports, and planning meetings. Unfortunately, sometimes not

We

all team members reside in

members have an extraordi-

development team that can to face). But it will not be difficult to find the right way to accomplish this target also with members that will join us from other locations.

“WE ARE ABSOLUTELY

the simple fact that a KLKS

CONVINCED THAT COMMUNITY MEMBERS

consciously in our project)

HAVE AN EXTRAORDINARY

est in their growth, you

POWER.”

who have chosen to invest should have every interwill understand that there is no limit to the possibilities of positive inter-

the Kalkulus project? hardest

nary power. If we consider holder (especially those

What have you learned from the early stages of The

absolutely

convinced that community

the same location (like our work together daily, face

are

vention that a community

lesson

can have. For example, a

that we have learned (at our

community member could

expense) is that security

do word-of-mouth activ-

is one of most important

ities telling people about

aspects in a cryptocurrency project; this happened with

Kalkulus, with the result of bring other newcomers closer to the

recent exploit. You can have the best marketing or the

community: more people would be interested in contributing as

higher ROI masternode reward scheme, but if your code

a vendor, developer, exchange, or to simply help other members

lacks security or your platform doesn’t meet all needed

with troubleshooting. Community members could be the first to

requirements to protect users funds, your project is

provide technical support to other young members, participate

already compromised, because in minutes you could see

in initiatives that we bring forward for the community, and help

months of work destroyed. Furthermore, being that the

promote initiatives. Good advertising or marketing will never be

crypto world is a very young system, a lot of work for

able to reach everyone as well as someone reaching out within

mass adoption is still needed. There are many barriers

their own network. What we always try to do is encourage our

to break in order to convince more and more people to

community members to help us to deliver our social media content

adopt cryptocurrencies as a real alternative to common

in order to spread to other investors or fans of cryptocurrencies

money systems. We see an enormous potential, and we

around the world.

think that the mainstream adoption of cryptocurrencies is just a matter of time. What are the strengths of the team?

These days I see many partnership announcements between crypto projects and teams. Is Kalkulus interested in those kind of partnerships?

The strength of our team is certainly compact-

As you understood from the previous answers, we are open to

ness and being a group in which the different technical

various kind of collaborations and we plan to build many others,

specialties compete to achieve common goals. As previ-

in particular through the future “Kalkulus Hub” and the “Kalkulus

21 CRYPTOS


MultiVendor Store.” From the technical side, we recently

attackers see that their bad actions amount to nothing and not

signed a partnership with Blocknet that allows us, through

produce profits anymore because they can’t dump their coins,

their XBridge technology, atomic swaps with other block-

this could surely discourage or at least reduce the number of

chains; we plan to integrate it into our developments as soon

attacks. Increasing the level of security on all sides can only

as possible. All projects have a strength and a weakness

bring more stability to the whole crypto ecosystem.

point: new integrations and partnerships with other teams

In the natural progression of business development, what do you see as the next move for Kalkulus as an organization?

could fill this gap, bringing the audience all of the best from each project in terms of product, interfaces, source code,

The direction that we want to take the project is funda-

and community power. We really believe that partnership

mental to expanding our vision—increasing our business targets

between teams could be the key for faster adoption of digital

through a better organized and complete team: as already said,

assets in the real economy, with huge benefits for all parts.

we have already planned an expansion of the team, including a

Recently you suffered an attack to the blockchain that exploited a bug in the code. Is there any security audit or assessment of the source code planned? Which measures do you want to take to combat this problem in future?

business development manager who takes care of bringing new

Looking at what recently happened to other projects,

vendors in our upcoming marketplace, find projects that want

we noticed a growth in these kinds of attacks to block-

to join our new platform “The Hub” (which will be launched

chains. Very often those hacks can drive a project to certain

very soon), and if our targets are reached, find more professional

death or a long-time recovery due to big losses and financial

figures that could complete the team as a true organization.

partners to Kalkulus. This could really be a game changer, bringing the project to new and innovative forms of business and crypto partnerships. We will need to implement brands and

damage or complexity in recovering the hack; this transfers the financial damage to the communities of adopters and

What experience do you have in the sector?

investors also. Sometimes it is easier for a project to restart

We have already released a few projects in past under

from scratch and make swap or a hard fork, then fix the

other names. We did that just to build confidence with crypto-

problem on the way with more “soft” measures. Of course the

currency, for understanding how relationships with exchanges

life of a project comes not only from developing new ideas,

work, and to have a measure of how much it would cost to run

but getting stronger over time: continuing to focus attention

a successful project. Those past experiences were not relevant

on cleaning and updating source code, looking for bugs, or

as far as results, but they were fundamental for collecting the

fixing a potential breach.

knowledge of what is needed in order to manage a successful

We already planned an assessment of our source code to

project. This learning process is still continuing with Kalku-

find other potential breaches and avoid other exploits that

lus. The digital economy is a very large space where nobody

this time could be fatal for the project. The same stress-test

can claim to have enough experience to successfully run and

was already performed on the website, and we are already

manage a project—also there are a lot of variables that take

working to offer to our users a stable platform. We are also

place which can rapidly change things.

planning to launch and run a bug security program that could increase the amount of contributors and developers that could

We

hope

you

enjoyed

reading

our

help us release a more secure software, but this will be better

thoughts about our project and crypto

explained in future.

in general. We enjoyed answering all of

From the side of our personal experience, we want to

your questions. We want to say thanks to

use this space to focus some attention on the role of the

@ThePinkCrypto and all the members of The

exchanges. A malicious attacker could also steal coins or profit from exploits, but exchanges are the last frontier that could allow to the attacker to complete the disaster, selling the fraudulent stolen to ignorant investors. It is true that the hack origin is from a bug in the source code of the coins, but if we want to create a safe environment for investors, they

Moonshot Group’s Round Table for such nice opportunity and for having us on board! If you want to stay tuned for upcoming news about Kalkulus, you can join us on our Discord

should work with developers by providing an additional level

https://discord.gg/va7rdWF

or

follow

us

of security. What we ask is preferential channels for manag-

on our Twitter page https://twitter.com/

ing these sorts of problems and attacks: it is very dangerous

kalkulus_team

for everyone to treat developers like normal customers when managing emergency situations where timing is fundamental

Thanks to all for your time!

to prevent deposits and massive dumps of coins. Developers pay a very high fee to exchanges in order to be listed. It would only be right that exchanges would provide support at the same levels as the enormous fee that they ask. It is only in working together in the same direction (also devs sharing solutions for solving bug or exploits found in their own code) that we can discourage those fraudulent actions from malicious people. If

THE COIN BRIEF

67


Coin Brief

2 THE FUNDAMENTALS OF

KALKULUS CHOOSING A CRYPTOCURRENCY FOR A MASTERNODE

Masternodes are an intriguing concept to me. In a nutshell they are network sustaining nodes/wallets that hold (or stake) a large amount of cryptocurrency that is locked for a period of time, which produces a percentage return of minted/staked blocks as an incentive to maintain them. Another way to think of them is as “crypto bonds” that can generate passive income. A “Hodl 2.0” if you will - and there

BY BURGER @CRYPTOBURGER

also recently added to Blocknet and as such has atomic swap functionality.

are over 100 out there on both PoW & PoS chains. One would

In order to keep up with the ever growing list of require-

have to strongly believe in the coin, dev team, and roadmap

ments and features, Kalkulus has plans to hire additional

to invest the high upfront capital required as well as pay the

developers, business development, public relations, and

opportunity cost of committing to holding a highly deprecia-

marketing personnel in the near future. A foundation-like

ble asset for an extended period of time.

“Treasury Fund” with dedicated masternodes (similar in

Some of the primary functions a masternode can perform

setup to Pinkcoin’s Donate4Life) has launched recently

that ordinary nodes can’t are instant and/or private trans-

for Kalkulus to help fund and encourage future growth and

actions, decentralized payment processing, and decentral-

development for the project.

ized governance/voting regarding changes that impact the chain.

In mid-May the Kalkulus network was attacked and the

Usually they also come with stipulations requiring

exploiter was able to receive block rewards at 1000 times

a dedicated high speed connection and 24/7 uptime for the

the normal rate. This resulted in approximately 500k rogue

node to maintain and process network transactions. They are

tokens created by the exploiter in a little over an hour during

in essence the backbone of the network, and the idea is that

which 90k tokens were sold on the exchange. In researching

the more masternodes there are, the more decentralized that

the attack, I was impressed by the way it was handled from

network is, and the less likely it is that a single entity will

start to finish by the Kaculus team, but three things stood

control the network.

out: The first was the swiftness in identifying the live attack

When looking into masternodes, just like with any crypto-

and subsequent “circling of the wagons” by the team. The

currency, ask yourself three basic questions: Why does this

second was the level of community involvement and the speed

product need to exist? What utility does it add? Why choose

in which the exploit was fixed and the chain rolled back. The

this one and not all of these other similar ones? With those

third was most important - that the project team paid out 420k

points in mind, let’s take a short dive into Kalkulus (KLKS),

KLKS themselves to cover the valid transactions that were

this month’s AMA from my nicer half of “The Coin Brief,”

rolled back and restore trades on the exchange. Additionally,

Pamela Paige.

a bug bounty program is also being rolled out to find and fix

Kalkulus is a micro-cap coin running on the Quark algo

any potential existing security holes as well.

that has recently transitioned from their PoW mining phase

Kalkulus is certainly an under-the-radar cryptocurrency,

to a fully PoS based system with masternode capability. The

and is similar in many ways to other masternodes on the market,

max supply is 20mm of which a little over 10.5mm are in

but the core community is strong and looks to be growing

circulation with 215 active masternodes that lock up approx-

every day. I’m going to be keeping my eye on this potential

imately 40% of the current circulating supply.

diamond in the rough and following their development and

Their goal in this space is to carve out a niche in the

partnership announcements closely.

zero confirmation, ultra-low transaction fee market, to

I was hoping to be able to preview their roadmap or a draft

attract brick and mortar and online retailers to use KLKS

of the whitepaper since neither have been publicly released

for their daily operations. A partnership with Futuring was

yet, but have been unable to do so thus far. After I have,

recently announced to develop a web wallet, mobile app,

however, a follow-up to this article will be posted to my blog

multi-vendor marketplace and Point of Sale system. It was

at 21Cryptos.com.

21 CRYPTOS


Crypto

ALL-STARS Follow your faves and check out some new talent! Here at last we have the section dedicated entirely to the pros and their monthly picks. If you already have a fave pro, or want to check out some new talent, this is the place to be. 21C’s Pro Squad have all the latest inside info on which coins to watch out for in the month ahead!


SmartCash is a commu-

ANBESSA

nity

@anbessa100

governance,

cooperation

All Stars

and

July

growth focused, block-

trading stocks was my hobby; researching and trading cryptocurrencies changed my life. I feel blessed doing what I’m doing and being a part of this visionary and crazy crypto community.

chain-based

SmartCash (SMART)

Economist. Investing and

and

currency

decentralized

economy. You can get SmartRewards by just holding Smart in your wallet, or you could simply run SmartNodes (which are cheap at the moment). After a lot of FUD, the price bottomed out. Current R/R (risk/reward) ratio

up, the R/R ratio is “A1.” DBIX has reportedly become the first crypto exchange in the Middle East and

3 Bitbay (BAY)

When TA and FA line

2 DubaiCoin (DBIX)

1

is very good, in my opinion.

I hope to buy BAY between 200 and 300 sats. Bitbay is another project

with

good

fundamentals and a

North Africa (MENA)

great R/R ratio. I’ve

region to receive a

already

regulatory sandbox

experiences with it

license. The journey

this year.

had

great

deeper and deeper down the rabbit hole known as Crypto.

integrated Brave

with

web

2

what

is

broken

digital

smart off-chain

contracts instead

of

running them on the blockchain. Because of that, AE promises faster transaction speed and greater privacy; only the two parties involved in the contract need to see the contract’s information.

21 CRYPTOS

Request Network (REQ)

and dapps by moving

with

advertising

I am Crypto Wolf. I’m

With the exhibition

pretty new in the Crypto

of a picture-perfect

space, but not in the financial

cycle in its chart, it is

market.

today with a solution where from

rewards

flow

advertisers

to

both ad viewers and publishers quality

providing

content.

Ad

viewers can also reward

is

a

is

in

depression,

which will probably be followed by an uptrend.

1 2

3

Network

decentralized

network

very likely that STRAT

through

subscriptions or tips.

Request Aeternity (AE)

bility of smart contracts

browser.

3

Aeternity’s main focus is increasing the scala-

the

They are looking to fix

publications

1

@CryptoChief_

platform

Stratis (STRAT)

Full time twitter troll falling

tising

CRYPTO CHIEF

I/O Coin (IOC)

@Crypto_God

BAT is a digital adver-

Golem (GNT)

CRYPTOBULL

Basic Attention Token (BAT)

has just started.

using

the

Golem

needs

introduction

no

as

a

This is my favorite

Ethereum blockchain

project; the funda-

technology to make

mentals and team

online payments and

behind it are solid

invoicing

It

as far as everyone

myself am witnessing

allows you to request

knows. Also, it has

the

payments

held its ground in this

perseverance of the

bear

developers.

anyone, Req

also

easier.

from anywhere. supports

any kind of currency.

market

convincingly.

quite

coin under the radar. I’m not worried with its current state, as I hardwork

and


CRYPTOTUTOR

CRYPTOMANIAC WAN

early September 2017. Apply for “The Happy Few” by following @HappyWithCrypto and sending a tweet using #InterestedToJoinHappyFew.

Enigma

is

a

solid

2

announced

Enigma (ENG)

project that recently their

partnership with Intel. The introduction of Catalyst was one of

the

moment

with

most

altcoins,

but

trading vs.

Hi, I’m Cryptotutor, @CryptoTutor on Twitter and the

time

of

against

spot

positions). Even though

owner of the CryptoTutor

at the time of writing

ATL

Trading Community. Our

this pick, the bottom on

With

focus is strategy develop-

BTCUSD

ment, bot-development, and of

Wanchain 2.0 being introduced

(hedge

is

near

Bitcoin.

always wise to buy dips

at

course, profiting of the crypto

the

markets. In our Slack group,

publishing,

we revolutionize the flow of

seems

close.

One should always take profits on their bullish positions

to

themselves

protect better

in

it looks like a good

information by developing bots

opportunity to enter.

(SRSI tool, chart/candle pattern

and 3. might not have

recognition, Catalysts bot).

found their bottom yet,

1

More information can be found

depending on BTCUSD.

3

2

their first impressive showcases.

at

on Cryptotutor.org

Ark is one of the

I have been bullish on

platform

exchange

around that offers a lot of upside potential

from

current

for

quite a while now. BNB has a token burn at the end of July (positive price

effect

likely,

although, it has had

is

already

very if

promising, you

put

it

wise, it is a screaming

away and vote for a

buy from a TA point of

delegate, their DPOS

view and has plenty

consensus

of room for growth in

grants

quite

some

bullish momentum so analyse

carefully).

LGO

Exchange,

however,

will

release

model

the first version of their

some

exchange in Q3 (July,

you

bearish times. Picks 2.

3 Has made an ATL (All Time Low) USD- and BTC-wise.

Develop-

ment (Wanchain 2.0) has been going on actively, which is why I have been anticipating

a

bounce

possible

once

crypto

the

market

shows a clear bullish direction.

August or September).

passive income.

terms of market cap.

tokens

level. The roadmap and

Price-

projects

1

Wanchain (WAN)

Started “The Happy Few”

dumped

(FIAT) in your portfolio is

change (LGO)

Brought my skills to crypto.

@CryptoTutor

getting

Binance Coin (BNB) / LGO Ex-

trader and portfolio manager.

Ark (ARK)

financial markets as a quant,

Wanchain (WAN)

Background in conventional

is

edition, balancing USDT

FIAT (USDT)

@happywithcrypto

As stated in the May

FLORIAN

UNCLE YAK

@marsmensch

@yakherders

Bitcoin are my favorite tech topics. I wear plenty of hats. Nowadays, people mostly know me as fundamentals expert for new technologies in the blockchain space. My favorite picks are masternode cryptos, privacy focused projects and distributed

of DAPPs and proto-

Entrepreneur, cryptocur-

cols that will enable

rency trader, and part-time

IDEX to become more

scam killer.

Its

more active GitHubs by

decentralized in the future.

BIS has one of the

Bismuth (BIS)

Hardware hacking, mining &

Aurora DAO (AURA)

Aurora DAO is a suite

staking

token, AURA, is used to ensure the integrity of the network and node operators.

in

its

developers

cryptospace:

I

expect this to start trending

upwards

soon.

storage technologies.

1

nodes

and

masternodes, Crown is

an

level

ideal

entry-

masternode

coin that has been around CRW

for

years.

owners

receive revaloot.org/

will

https:// after

3 Wanchain (WAN)

system

entry-level

2 DeepBrainChain (DBC)

its

3 DigitalPrice (DP)

With

2 Crown (CRW)

1

DigitalPrice is another entry-level

master-

node coin that has recently a

launched dedicated

exchange at http:// digitalprice.io .

July is a big month for tion

DBC. of

system

IntegraDBC’s

AI

begins,

as

well as putting the finishing

touches

on

network

their

environment.

They

will

integrating

be their

multi-coin

wallet

soon. I’m betting on some positive gains, since that

it their

appears chart

is

bottoming out just in time for July.

August 13th.

CRYPTO ALL STARS

71


ÍRIS @n00bqu33n

All Stars

Found the leprechaun of magic internet money in 2016. Part hodler, part wannabe trader. Nothing a good FA can’t heal.

MedicalChain (MTN)

I’ve always felt appreciation

July

towards

medical

projects.

It’s an industry that deeply needs blockchain

Crypto

technology,

and MTN has great fundamentals, working

a

product

and good news this month.

staff picks

1 working

place

market-

and

committed They’ve

a been

markets.

They will be releasing the beta version of their

web

market-

place platform this month.

BitBay (BAY)

general

of

their

manages

to consistently walk

regardless

conditions

to

Binance

time and they keep the

Thanks

regular token burn,

team.

around for a long working

3 Binance Coin (BNB)

A

2

up

the

ladder

of

charts against other currencies. I also like the fact that they’re expanding

block-

chain knowledge to Africa. That’s where the future of crypto lies.

V Luminous beings are we, not this crude matter.

Binance Coin (BNB)

@GameOfCryptos Recently expanded to Uganda. Altruistic, organised, and with a seemingly unstoppable

expansion

-

Binance is looking set to take on the world.

1

chains, and

on

side

hard

fork,

recent

news

that Coinbase would add ETC in the next few months all make ETC look great at the moment.

21 CRYPTOS

3 Decentralised marketplaces

are

interesting concepts that may gain a lot of traction this year.

BitBay (BAY)

Working

Ethereum Classic (ETC)

2

Lots

of

releases

recently, including a preview of their web marketplace.


TOP 5 TOP 5 TOP 5

Well, we’ve seen all the way from 21 to 6, and now it’s time for our top 5 picks of the month!

Buckle up and get ready, and as always, do your own research (DYOR)!


1-5 / TOP 21

The Future of Free Markets

BITBAY

05

[BAY] https://coinmarketcap.com/currencies/bitbay/

-45%

-41%

GROWTH PAST 30 DAYS

GROWTH PAST 90 DAYS

$23M

0.0217

BITTREX UPBIT CRYPTOPIA

MARKET CAP ($)

PRICE ($)

WHERE TO BUY

SYSCOIN (SYS) WAX (WAX) DISTRICT0X (DNT) COMPETITION

PRICE (US$) 0.05

HIGH: 0.0405

LOW: 0.0217

0.050

0.025

0.025

0.000

0 JUNE 2018

CATCH UP

JUL 1

BACKGROUND

UPCOMING EVENTS

BitBay is a decentralized marketplace that allows users to buy and sell goods BitBay has been a very busy project. Last

and services securely and anonymously,

month they released a user interface

without the need of middlemen through

preview of their web marketplace, as well

the power of Unbreakable Smart Contracts

as their hire template. They also launched

and Proof-of-Stake 3.0. It is free to use and

They are expected to release the beta

a barter template, API, and programmable

fully functional. The wallet is also the client

version of the web marketplace by the

smart contracts.

where users can trade good and services.

end of the month.

TOTAL SCORE

ROOM TO GROW

FA 4

UPCOMING EVENTS 4

4

PUBLIC OPINION 3

86%


1-5 / TOP 21

Exchange the World

BINANCE COIN

04

[BNB] https://coinmarketcap.com/currencies/binance-coin/

+2%

+30%

GROWTH PAST 30 DAYS

GROWTH PAST 90 DAYS

$1.6B

14.55

MARKET CAP ($)

PRICE ($)

BINANCE

0X (ZRX) WAVES (WAVES) LOOPRING (LRC)

WHERE TO BUY

COMPETITION

PRICE (US$) 20

HIGH: 17.27

LOW: 14.03

20

10

10

0

0 JUNE 2018

CATCH UP

JUL 1

BACKGROUND

UPCOMING EVENTS

Binance is a high performance exchange, and it is currently one of the favorites of Binance

has

expanded

to

Uganda,

the public due to the constant improve-

helping Africa to decentralize and give

ments they implement. Trading fees have a

African people more financial freedom

discount if you hold BNB on the exchange,

from oppressive systems and governments.

and they support a high number of trans-

They attended World Blockchain Forum in

actions

June, and they launched the Dexathon

multi-platform coverage on web, iOS,

Binance will be having another coin burn

challenge online.

Android, WeChat, offline client, etc.

at the end of the month.

per

second.

They

also

have

TOTAL SCORE

ROOM TO GROW

FA 4

UPCOMING EVENTS 3

4

PUBLIC OPINION 4

88%


1-5 / TOP 21

The Blockchain Built on Scientific Philosophy

CARDANO

03

[ADA] https://coinmarketcap.com/currencies/cardano/

-44% -20% GROWTH PAST 30 DAYS

GROWTH PAST 90 DAYS

$3.6B

0.126

UPBIT BINANCE HUOBI

MARKET CAP ($)

PRICE ($)

WHERE TO BUY

ETHEREUM (ETH) NEO (NEO) QTUM (QTUM) COMPETITION

PRICE (US$) 0.25

HIGH: 0.228

LOW: 0.119

0.250

0.125

0.125

0.000

0 JUNE 2018

CATCH UP

JUL 1

BACKGROUND

UPCOMING EVENTS

Cardano is a blockchain built on Haskell, a safer and more reliable code that can compete with blockchains like Ethereum. They want to make sure that cryptocurren-

By the end of the month, Cardano is

cies are regulated while protecting users’

expected to launch IELE VM test, a regis-

privacy. The team has former Ethereum

ter-based

Cardano attended meetups in London,

guys Charles Hoskinson and Jeremy Wood,

(modular

Munich and Zurich in June.

who have built IOHK from the ground up.

toolchain technologies).

machine and

inspired

reusable

by

compiler

TOTAL SCORE

ROOM TO GROW

FA 4

UPCOMING EVENTS 4

3

PUBLIC OPINION 3

90%

LLVM and


1-5 / TOP 21

Cryptocurrency Payments Made Simple and Safe

UTRUST

02

[UTK] https://coinmarketcap.com/currencies/utrust/

-48% -55% GROWTH PAST 30 DAYS

GROWTH PAST 90 DAYS

$19M

0.0613

HUOBI KUCOIN OKEX

MARKET CAP ($)

PRICE ($)

WHERE TO BUY

METAL (MTL) OMISEGO (OMG) ETHOS (ETHOS) COMPETITION

PRICE (US$) 0.15

HIGH: 0.119

LOW: 0.0575

0.150

0.075

0.075

0.000

0 JUNE 2018

CATCH UP

JUL 1

BACKGROUND

UPCOMING EVENTS

UTRUST claims to be the first cryptocurrency payment platform that offers instant transactions, buyer protection, and crypto-tocash settlements. Akin to PayPal, UTRUST UTRUST won best project at the Blockshow

seeks to offer these perks both to merchants

Europe 2018 conference in Berlin during

and consumers by having more security for

the month of May. They also success-

both parties. They’ve recently launched

This month UTRUST will be launching a

fully launched an MVP (Minimum Viable

a MVP store where part of the funds will

ClientAPI and Wallet WebApp where users

Product in tech talk) store utilizing the

go to the Make-A-Wish foundation, which

can check their balance and transac-

UTRUST platform. Most recently, they have

helps users see how the platform works at

tions integrated with major eCommerce

released their updated roadmap.

first glance.

platforms.

TOTAL SCORE

ROOM TO GROW

FA 4

UPCOMING EVENTS 4

4

PUBLIC OPINION 3

94%


1-5 / TOP 21

Intelligent Blockchain Platform

MATRIX AI NETWORK

01

[MAN] https://coinmarketcap.com/currencies/matrix-ai-network/

-49% -24% GROWTH PAST 30 DAYS

GROWTH PAST 90 DAYS

$67M

0.413

MARKET CAP ($)

PRICE ($)

IDEX KUCOIN

ETHEREUM (ETH) HIGH PERFORMANCE BLOCKCHAIN (HPB) ARK (ARK)

WHERE TO BUY

COMPETITION

PRICE (US$) 0.1

HIGH: 0.821

LOW: 0.384

1.0

0.05

0.5

0.0

0 JUNE 2018

CATCH UP

JUL 1

BACKGROUND

UPCOMING EVENTS

Matrix is a hybrid mix of Proof-of-Work (PoW) and Proof-of-Stake (PoS) that is aiming to allow 1,000,000 transactions per second. Last month, the Senior Vice President of

Leveraging

Matrix gave a featured talk at the 2018

seek to build a game-changing crypto-

Global

Summit

currency, which will support “boosted

in Hangzhou, China—the company was

transaction speed, superior accessibility

also awarded with the “Best Technology”

to general users, enhanced security, and

We can expect to see a newly redesigned

award by the conference committee. In

highly flexible operations.” Their intelligent

website to be launched soon. Public

May, Matrix attended Blockchain Festival

contract platform also allows anyone to

testnet and partial mainnet will be also

in Ho Chi Minh City in Vietnam.

create a smart contract.

launched in the new few months.

Blockchain

Leadership

artificial

intelligence,

they

TOTAL SCORE

ROOM TO GROW

FA 4

UPCOMING EVENTS 4

4

PUBLIC OPINION 3

96%


ADVERTISE WITH US We’re currently offering: • F ull page adverts • C ontent advertising If you represent a company and would like to discuss a fixed-term media partnership, feel free to send us a message - we’d love to get to know your project and brand better.

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AT THE TABLE W H E R E O U R F U T U R E I S F O R G E D

• FEATURE •

By Ananke, co-founder

and

head

of

development for 21cryptos.

21 CRYPTOS


B L O C KC H A I N F O R G O O D is a think tank which brings together the greatest minds around the world, all there to debate how blockchain can serve the greater good of humanity, society, the economy, and our environment. This recent third roundtable event was held in the hills above the picturesque Laguna Beach, Southern California. The Blockchain For Good roundtable was followed by the Blockchain SoCal Club, an exclusive event for the blockchain community, hosted by Decentrl.Agency, & sponsored by clients AChain, BlockEx, BlockPass, CoinWeb and Evident Proof, where a further 100 industry experts from the local and global blockchain industry joined for a champagne reception and dinner. 21CRYPTOS was privileged to gain access to this exclusive event.

Blockchain for Good (BC4G),

was

founded

The event was attended by a wealth of talented

by individuals. From the altruistic Herb Stephens of Democ-

Cecile Baird, , with support racy.Earth, to Jim Doty - Founder & Director of the Centre from

www.blockchainforgood.com @BC4G_org @cecilebaird

Nancy

Philanthropic

advisor of Compassion and Altruism Research and Education at

Christiano.

Cecile Stanford. The list of titles and accreditations would be

has had a successful career frankly obscene to share. as a marketing executive,

During the roundtable we were presented with

working as CMO and Head a number of projects working towards improving human of

Marketing

technology

for

several lives, each looking to blockchain for the answers. Although

companies.

In interesting projects were represented, the main focus

addition to Blockchain for was a discussion outlining the toolkit blockchain offers Good, Cecile is co-founder of for good works. This is the question I seek to answer within Decentrl Agency with Block- this article: what are the fundamental properties of blockchainProf, who hosted the chain technology that make it an attractive solution for meet.

non-profits, charities and socially minded businesses?

AT THE TABLE WHERE OUR FUTURE IS FORGED

81


TH E C O R E OF T H E RO U N D TA BL E D I S C U S S I O N : A N D

21 CRYPTOS

T R U S T ,

T R A N S P A R E N C Y

T RU T H


T R U S T It would be fair to say that we’re experiencing a drought of trust in our lives these days. Corruption and authoritarianism plague governments. Even charities are being accused of stealing money. News, social media and advertising have given us a suspicious eye as the phrase ‘fake news’ is flung recklessly around from all angles. Trust is important, dare I say vital to our futures, and BC4G knows this all too well.

B C 4 G ’ S

F I R S T

P R I N C I P L E

I S

‘ B L O C K C H A I N T R U S T ,

I S

T RU S T T H E

A N D

I S

H E A R T

A T O F

B L O C K C H A I N . ’ The discussions opened by highlighting this concept, and how it’s one of the most important benefits of this new technology. Blockchains can be trusted more than traditional databases because you can’t update or delete any of the data stored there. While a standard database has four functions: create, read, update, and delete, a blockchain only has two - create and read. This means that while there will always be a question of trust with a traditional database - ‘Has an error corrupted this data without me knowing? Has someone tampered with it?’ trust is a given with blockchains, BC4G Principles 1

as any data created with this tech is immutable - meaning it can never be changed - thus ensuring that whatever it

B L O C KC H A I N I S T RU S T , A N D T RU S T

is you’re looking at is exactly the same as when it was first

I S AT T H E H E A RT O F B L O C K C H A I N

created.

Trust in its own right has value. Blockchain stores values.

There are some who realise the importance of this trust in systems, and are actively working to provide a method

And is two-way authentication of value.

of taking this to the world at large. The CMO & Director of

It offers confidence.

Blockpass, Hans Lombardo, has created a self-sovereign

It offers the single source of truth.

identity portal using the blockchain. He and the talented

Blockchain is trust, and trust is at the heart of blockchain.

Bockpass team are utilising inherently trustworthy transactions to express data in a safe way - a way in which there’s trust in the ownership of the data, trust in the transmission of the data, and trust in the ability to see who, when, where, and how that data is used.

AT THE TABLE WHERE OUR FUTURE IS FORGED

83


BC4G Principles 2

B L O C K C H A I N I S N O T A C RY P T O - C U R R E N C Y Blockchain it is not Bitcoin, Silk Road, Mount Gox. or The DAO. Its sole purpose is not to support crypto-currencies. Blockchain is a new technological approach to underpinning a brave new world where trust is changing. Blockchain is not a crypto-currency.

21 CRYPTOS


T R U T H

me a pessimist if you wish (I like to think of myself more as an optimist in progress) but I do not trust human nature

If person A sends ten tokens to person B, then

to be consistently infallibility and incorruptible. In the

the resulting block will retain the evidence of this. What

decentralised model - it is in everyone’s best interest to

guarantees truth is decentralisation.

maintain that truth. Now I’m not saying we should give

Decentralisation allows for the network to consist-

over the better parts of our nature to the machines, but

ently verify that the truth really is the truth. Rather than

they can certainly provide us with a framework where we

relying on the integrity of a few key individuals with access

can express trust on a systemic level that’s been previ-

to the entire database, we can rely on the network. call

ously unseen across large networks.

T R A N S P A R E N C Y The final metric, transparency, is another property

Now, we’re not out of the woods yet. Blockchain

key to decentralisation. Everyone has access to, or can

is still in its infancy. Discussion during the roundtable was

actively validate, the blockchain. Meaning we can

focused on the potential and future of blockchain, rather

inspect the transactions on the ledger and determine,

than a long list of how it is currently being used today. If

to a greater or lesser degree, when and what transac-

we’re to learn from the past, then this development stage

tions are made. Now, depending on the architecture, the

is an important time to identify and combat the dangers

amount of specific data that is transparent is debatable.

of using this new technology.

However, currently with public blockchains if we have the

With that in mind, I’ve outlined three of the most

necessary additional data, such as a wallet’s owner, then

powerful aspects of blockchain. However, we must be

we can audit reliably down to the individual even in the

aware that with this power comes the potential to misuse

face of massive amounts of data.

it. If we create a technological monolith and declare it

AT THE TABLE WHERE OUR FUTURE IS FORGED

85


the source of complete truth and trustworthiness, then

foster carers and support workers - each attempting to

we’ve also created an attractive tool for those looking to

contribute to a different pool of information.

control and manipulate the world around them.

These situations and environments are always

Here’s an example outlined by Alex Gladstein,

challenging for the children, to say the least, and one

Chief Strategy Officer at Human Rights Foundation, on

example of a detrimental result from this is that we see

‘enterprise’ or ‘private’ blockchains. These projects offer

a worrying number of psychotropic drugs be prescribed

the same great functionality as a public blockchain,

to these children. These prescriptions can be made by

however, they are also able to make edits. They can

multiple professionals throughout their lives, and as a result

have the ability to censor wallets, make transactions and

it can be difficult to maintain consistency and collabo-

action smart contracts privately on the blockchain without

ration. To tackle this, blockchain can provide a source of

the public consensus network. This is attractive for many

truth across all aspects of a vulnerable persons life, not

businesses or institutions that want to utilise certain aspects

to mention providing data on the systemic problems they

of the blockchain, yet are happy to trade trust and trans-

are facing. By streamlining this process the US govern-

parency for functionality. It is important for the public to

ment could save tens of millions of dollars a year and

be aware of the power of the operators to control their

hopefully improve the lives of current and future foster

blockchain - who has the master keys? What do those

children dramatically. In addition, it can ensure the dignity

keys unlock? If the public assumes that the blockchain

of the individual by giving them the ultimate control

they are using is decentralised and public, then they

over their data. A similar approach on data manage-

may be unaware of any

ment could tackle some

potential abuses occur-

of the largest issues in

ring in the background.

any modern society, for

This would make it an

example providing more

BC4G Principles 3

especially powerful tool for authoritarian regimes.

effective aid to refugees, B L O C KC H A I N I S D I S T R I B U T E D P OW E R

‘...bad actors will always technology

hill in one of the wealth-

states. They can aspire

The selected few has been authenticating integrity.

iest parts of the world,

to the reputation and

Vested interests and manipulation have prevailed.

each of us with a super-

However it’s time to take back control.

computer in our pocket,

of

a

Alex

As we sit atop a

Value controls our lives. For far too long, power has been mediated by the select few.

principles

first.’

homelessness.

Old power controls value.

take advantage of new

or native citizens facing

public

blockchain, only to run a

Blockchain is network integrity. It is transparency by design.

private chain where they

Blockchain does not allow vested interest in any one individual.

would have the keys to

Blockchain is distributed power.

it would be easy to see how

technology

could

provide a solution to all

the records of ‘truth’ and

of the issues in the world -

enhance

after all, it’s already part

their

control

over people.

of the fabric of our lives and

our

environment.

Yet we are seeing not only rising wealth inequality but also technological inequality. The average teenager in

T E C H N O L O G Y &

E F F I C I E N C Y

a technology rich region of the world has a computer, a smartphone, and has been educated on both since an extremely early age. You can even witness babies who understand touch screen UI conversions before they can speak. Not to mention that these individuals usually have unlimited access to a fast internet connection and

Efficiency is a particular bugbear of charities and

cheap, reliable electricity. These things are not guaran-

governments alike. Because they are held accountable

teed in developing countries where this technology could

by the general public, they must ensure that tight budgets

be most effective, and where trust and the redistribution

are spent effectively, often times while under-funded,

of power are needed most.

overworked and with short development cycles.

We need to work alongside fantastic entrepre-

James Waterman from the Singularity University

neurs and programmers originating from these nations to

provides us with a key example of where blockchain could

ensure we are supporting them in the new and unique

be used for good by looking at the foster care system in

challenges they face. We have to ensure that global

the US. “The information and data around these children’s

solutions are carried by a stable global infrastructure. As

lives are housed in these silos in many organisations and

James Waterman first expressed, we are looking at an

places,” he says. Some foster children are placed in

exponentially evolving technology. As the power of block-

multiple homes and schools during their life. With each

chain increases, we have to be careful not to stretch this

new placement they’re interacting with new teachers,

inequality further.

21 CRYPTOS


D E M O C R A C Y

&

I N C L U S I O N

“Get the keys and the data in the hands of the

often than not we’re giving this data over willingly, to be

user,” says Herb Stephens, President of the Democracy

used as seen fit within the terms & conditions we click

Earth Foundation.

‘accept’ to, which of course all of us read carefully...

Blockchain technology has the ability to distribute

Many people may always value their ability to, say, play

power back to the user on a technological level. It can

Farmville over protecting small bits of data they don’t

often feel like we have control over our data - is this not why

really care about, but luckily Blockchain seeks to solve

we have a password and username, to stake a claim to our

this major issue so as individuals, we don’t have to.

corner of the system? However, as we have seen recently

Dan Mapes - Founder at Verses.io, and advisor

with Facebook and Cambridge Analytica, big data is big

to the UN - had a prediction for the future that saw an

business. It can be used to sell us products, a lifestyle, even

evolution from capitalism to a more cooperative model.

to potentially manipulate the masses and sell a political

Dan outlines how currently, ‘capital is unconnected to

ideology. That one is by

the product, it is only

far the most unnerving. Of

looking at ROI.’ This infers,

BC4G’s principles, no.10 is

in

perhaps the most impor-

BC4G Principles 4

tant: ‘Blockchain is New Power’. This new tech can be used to distribute the

broad

capital

terms,

does

not

that flow

inline with any specific B L O C K C H A I N I S N E W VA L U E Old value is controlled.

values, and that it will fuel both positive or negative

power of data back to

And controlled by the privileged, the select few.

actions as long as there

the users - which is vital in

Currency is authenticated by banks.

is a ROI. Leaving our fate

this new age as data is a

Language is authenticated by the people.

to capitalism has been

lucrative asset, one that

Blockchain authenticates software.

incredibly beneficial in

is often too tempting to

Software underpins our brave new world. Software delivers new value.

ignore for the organisa-

Blockchain passes value through to the people.

tion collecting it. More

It enables a fair value exchange. The incentive is upon us all, not for the select few. Blockchain is new value.

some ways. ‘Capitalism is great, it created an


amazing amount of abundance... [but] it’s run its course, it’s now becoming toxic.’ Can blockchain be the guiding hand for curbing reckless corporate behaviour? It could be that the token-based economy - the new economy - will be a foundational step towards this. With the introduction of the token we can bridge the gap between shareholders and product, between founders and investors.

WE REMOVE THE BUREAUCRACY B Y

H AV I N G

S M A RT S Y S T E M

I M M U T A B L E ,

A N

A N D

T R U S T - B A S E D

B A K E D

I N T O

T H E

B L O C K C H A I N . The result would be a large influx of cooperative investors, where all users of the project are shareholders, each aligned in making the best possible system. With smart contracts, voting mechanisms, AI and many more developments - we’re given tools to help democratise the organisations we use.

21 CRYPTOS


T H E F U T U R E I S C O L L A B O R A T I O N BC4G Principles 5

There

was

B L O C KC H A I N I S FA I R E R S H A R E

a wonderfully open and

collabora-

tive nature to the businesses

repre-

table, that

a is

fortunately industry.

It’s

a refreshing culture of

open-source

and

cooperative

decision From

sations and government.

heard ambitious ideas from

Drive value across the people.

ambitious people who are

Incentivise.

also present in the wider

for positive change. We’ve

A reward model.

nature

potential that blockchain has

A fairer share of distribution of value between people, organi-

A ‘fairer share’ for good.

sented at the round-

just a little excited about the

each developing and utilising blockchain’s

innate

toolkit.

Internet was data and access to a wealth of information.

Whilst the technology they

Blockchain is about financial inclusion.

showcase is certainly impres-

Money makes the world go round.

sive, what must be valued

We all need assurance that tomorrow we will have money.

above all this is the dedica-

A structure that can help every model such as a musician.

tion and talent of the individuals attempting to make these

making.

new systems a reality.

exchanges

such as Ethfinex, the sister exchange

to

the

popular

Bitfinex, who’s Will Harbour praised their non-hierarchical structure - to major projects working

towards

blockchains

rather

uniting than

drawing battle lines. Coinweb (www.coinweb.com)

seeks

greater interconnectivity with its simplified wallet addresses. These addresses are as easy to use as email, and span multiple blockchains, in addition to being part of an ecosystem that

has

the

capacity

to

incubate new token projects within it. Other platforms at the event such as Achain (www.achain.com) promoted

also

collaboration.

Their goal is to create a global

blockchain

network

by allowing projects to issue and manage their tokens on an interconnected platform. If you were drinking the

punch

at

this

event,

you’d be forgiven for getting

AT THE TABLE WHERE OUR FUTURE IS FORGED

89


FEATURE

5

NEW PROJECTS THRIVING ON

NEO

LONDON CONFERENCE SHOWCASES THE TALENTED TEAMS THAT ARE SUCCEEDING DESPITE A MARKET DOWNTREND.


Like most top gainers in 2017 bull-run, NEO’s taken some hits this year. But if the London leg of their European Tour is anything to go by, their ecosystem and the new projects that inhabit it are thriving.

There was a time where no good old-fashioned platform coin shill was complete without

NEO SPEAKS

the words “just look at how low the price of NEO was this time last year” – a nod to its meteoric price rise from around $0.11 to a high of $160 this January. More

recently

Chen “Johnson” Zhao, General Manager of Neo Global Development (a new business unit financed by the NEO Foundation and dedicated to

however,

technological R&D, community operations and marketing) spoke passion-

the project once dubbed ‘the

ately about his belief that NEO will be at the core of a future where “we

Chinese Ethereum’ has tended

will all be more connected in digital form, not just people and our IDs,

to be mentioned in an altogether

but the digitisation of ‘things’.” While Zhao doesn’t believe blockchain

different context – “oh… what’s

technology means we can completely do away with middle-men immedi-

happening to NEO”? But if

ately, he believes “a programmable economy will emerge, whereby we

Saturday’s (16th June) meet-up

can share our data automatically upon to given rules ….so the economy

event in London is anything

will move faster, with less middle-men interference.”

to go by, the answer to that is ‘plenty’.

A key take-away was Zhao’s belief that NEO’s focus on Governance and Compliance separates them from proof-of-work protocols like

The first positive sign for NEO

Bitcoin and will encourage mass-adoption. Whilst this won’t appeal to

was that they’re clearly still a

many anarchists and revolutionaries seeking complete decentralisation

draw for the crowds. 350 tickets

and anonymity, Zhao has a point. It’s hard to envisage large institutions,

were snapped up for the event,

particularly in the highly regulated finance and insurance industries,

held in London’s Comedy Store

banking their futures on blockchain solutions that don’t allow them to

- a stone’s throw from Leicester

comply with existing jurisdiction and laws.

Square. Granted, maybe around

“NEO is designed to be compatible with identity so that one’s identity

20% of those no-showed, but

is attached to assets or transactions,” Zhao explained. It’s important to

two extremely rare events were

note here that we’re talking about ‘selective ID’ – you don’t need to

occurring concurrently to steal

expose all of your information to every party you encounter on the NEO

NEO’s limelight. First, The Sun

blockchain, just that which is relevant and required, and in-line with

was out (no, seriously, London

existing jurisdiction. Zhao hopes that this will make NEO a more secure

had actual sunshine). Second,

platform for everyone “This will eliminate a lot of risks and even Ponzi

the great Lionel Messi was

schemes,” he said.

making his first appearance at the 2018 World Cup. Frankly,

Importantly, Zhao believes that “adding identity to our blockchain will enable more mainstream and mass adoption.”

even I thought about jacking it

There was also some good news for those who believe NEO is ‘too

in for an afternoon in the sun

centralised’. Zhao revealed that “the NEO team is in the process of

watching Argentina vs Iceland.

decentralisation. KPN, City of Zion and Fenbushi Capital will be part of

But I had a job to do.

the ecosystem and host consensus nodes”.

While the event began with an

Zhao also hinted at two new initiatives: the NEO Incubator Network

update on NEO itself, the bulk

– aimed at encouraging and aiding more developers to build on the NEO

of the agenda was given over to

platform, and a soon to be announced project named ‘NEO for Enterprise’.

five projects built on the NEO

Without doubt, some of the most exciting developments to occur around

platform, all of which appear to

the NEO ecosystem recently are the plethora of new projects being built

be thriving despite the current

upon its blockchain. Here, we’ll take a look at the five who shunned the

difficult market conditions.

London sunshine and Lionel Messi himself to present at the event.

5 NEW PROJECTS THRIVING ON NEO

91


1

2

NKN

NOS

(NEW KIND OF NETWORK)

“The virtual operating system for a new, transparent internet” NKN describes itself as a “new kind of network connectivity protocol & ecosystem powered by blockchain for an open, decentralized, and shared Internet”.

AS EXPLAINED BY CO-FOUNDER ZHENG BRUCE LI,

FOUNDER AND CEO DEAN VAN DUGTEREN explained that nOS essentially offers a virtual operating system. “It’s a full stack solution

“plumbing layer” of an entirely new decentral-

for developing and deploying applications,

ised internet. Instead of waiting for the much heralded ‘institutional

and for end-users to discover and interact

money’ to flow into crypto, NKN are trying to bridge the gap to tradi-

with them” he said. As the name suggests,

tional business and pull a larger part of the regular economy into ‘The

think Apple iOS on the Blockchain.

NKN provides the

Cryptosphere’.

There’s easy to use Javascript APIs for the

Aiming to disrupt the communication networking business - worth

front-end development of smart contracts

around $1.4trillion every year - NKN are tokenizing network connectiv-

powered by blockchain platforms “and the

ity and transmission capability - enabling people to share bandwidth and

nOS protocol allows you to interact with

remove inefficiency in the network while upholding network neutrality.

apps which are sandboxed and completely

NKN uses a ‘proof of relay’ protocol - meaning that if you help others

client side, so your data is safe” van Dugteren

to transmit and relay network traffic by, say, running a full-node – you

confirmed. The ability to use Javascript for

will be rewarded with tokens. Their consensus algorithm is, according

the front end, and back end smart contracts

to Li, “highly scalable” . It is also hoped that the project will encourage

is a key tool nOS are deploying to attract

new companies and entrepreneurs to enter the communications business

regular web developers into the dApp space;

to build new infrastructure that can benefit from the NKN protocol.

“While there are platforms out there that

What does this actually mean? No more sweating over whether that

make smart contract development easy (i.e.

urgent file is going to upload in time. Using the NKN blockchain, you

NEO), there is currently no platform out

could make use of another user’s bandwidth to upload the file much

there that lets you build the rest of your dApp

faster and in turn, they will be rewarded in NKN tokens. Also, if you’re

with equivalent ease” van Dugteren said.

in China, for example, and can’t access Google or Facebook, you can

nOS also offers universal smart contracts

use NKN as a different routing protocol, whereby another user who

(if you can’t build your own) and a client to

doesn’t have these restrictions can relay your traffic for you. The same

interact with all of these services which is

also applies on a larger scale whereby ISP’s can share unused network

already available on their GitHub.

capabilities with NKN users to form another revenue stream.

STILL ONLY 5 MONTHS OLD, NKN LAUNCHED a preview Testnet on the day of the event, featuring 15 live nodes deployed globally (including London, Sao Paulo, Moscow, Dubai, USA, Asia and Australia.) NKN also showcased their Blockchain browser; a graphic interface that allows you to interact with their blockchain and see how their routing protocol and relay and mining rewards work. Li also demonstrated a serverless instant messaging app, created using only four lines of Javascript code thanks to NKN’s dApp network toolkit. It is hoped the simplicity of this toolkit will encourage the further development of dApps, which can also earn rewards by relaying traffic across the network.

21 CRYPTOS


PERSONALLY, I’M NOT A DEVELOPER– so I can’t speak for any of the tools nOS have to offer those wishing to build decentralised apps on their operating system

3 PHANTASMA

(though van Dugteren explained; “one developer who was not as familiar with smart contract and blockchain developing prior to using nOS was able to build a decentralised messaging app in just a few days on the nOS system”). What I can tell you, however, is that their vision of a ‘dApp Store’ – or

“Next generation content distribution. Decentralized, fast and secure”.

‘Decentralised Application Gateway’, as nOS calls it- is just what the industry needs. There’s so much great technological advancement happening in the space currently, but there aren’t many companies creating products that look, and feel familiar and accessible to a mass audience. If you’ve ever used Apple’s App Store, or Google Play, I’d imagine you’d feel instantly at home with nOS’ planned offering – and this is key to attracting regular consumers. The Gateway is also completely decentralised so you stake nOS tokens in order to get your dApp hosted, listed and rated and end users can stake tokens to gain voting power to rate the dApps, for which they will be rewarded through token inflation. No one entity can decide what goes up or gets removed from the Gateway.

PHANTASMA AIMS TO HAND BACK CONTROL of content to its creators and allow for completely decentralised, private and safe content storage and sharing using blockchainbased smart contracts. The system runs on top of a user’s cryptowallet address, so whether the content they wish to share is an email, photo, movie or almost anything else, it will be completely controlled by the wallet owner. “We were tired of seeing creators share their content but being completely subjugated by the rules of the third party platforms they were using” explained CoFounder Alexandre Paixão. One in the eye for the YouTubes and Facebooks of this world then.

Another handy feature is that nOS automatically converts GAS into whatever token dApps on their system require to be interacted with – another effort to make blockchain technology accessible to regular consumers. nOS’ testnet will have been launched by the time this

THE TEAM ARE BUSY CREATING FIVE

magazine goes to press, allowing developers to publish their

applications to demonstrate the functionality of Phantasma and

applications to a live network, and users to easily try out nOS

its SOUL tokens, with the intention of growing a community of

dApps. Also (yes, the nOS team have been busy!) my.nos.

developers who will make the most of the features it contains.

app, a full-stack nOS dApp and KYC management solution is

Initially, these are Mail, (PhantasmaMail is already available to

being expanded. As well as managing their applications and

download from the Phantasma website), Oracle Nodes, Phantas-

domains, my.nos.app will also enable developers to receive

maChat instant messaging, digital commerce tools and video

rewards for their contributions to the nOS codebase.

streaming. While it’s clear that content creators have been given a raw deal by the likes of YouTube, Facebook and Gmail for a while, the obvious debate here is whether content sharing should ever be totally decentralised without restrictions on the kind of content being shared. Paixão explained that Phantasma’s idea is to avoid censorship by ensuring users only receive content they choose to obtain, and rely on the fact that content uploaders will be identifiable to prevent any criminal activity; “In each application the user will also have total control over what they receive. However, we would not seek to censor content as we are developing an open platform. Content uploaders though, will be identifiable though KYC so will be responsible for the content they are sharing.”

5 NEW PROJECTS THRIVING ON NEO

93


4

5

ALCHEMINT

PIKCIOCHAIN

“A decentralized price-stable cryptocurrency management

“The secure blockchain-based exchange for

system.”

personal data.”

“OH NO, NOT ANOTHER STABLE COIN”

WITH A LOT OF NEW PROJECTS AND

I hear you say. Well, yes. But this time there is no ‘magic

ICO’s it’s difficult to see either a real-life use-case,

Tether printing machine,’ instead Alchemint’s stable coin

or just why the project requires a blockchain in

$SDUSD (pegged 1:1 to USD) is backed by other crypto-

the first place. This is, thankfully, not the case

currencies (including NEO) locked in what they call an

with PikcioChain.

‘SAR’ – Smart Asset Reserve. The major advantage of

PikcioChain aims to offer businesses efficien-

this? Well, you don’t need to trust an entity when they

cies in KYC/AML data exchange by putting data

say they have enough USD to back the amount of their

control back in the hands of the consumer. This

stable coin being printed because “the blockchain will

sounds like a ‘win-win’. As a consumer, you’re

allow people to know at any given time whether the value

incentivised to keep your personal data up-to-

started out as a sports

of the token (SDUSD) is backed by the equivalent value

date on the blockchain so that, for example,

reporter at the age of

of cryptocurrency in the SAR” explained Jonathan Quali,

mortgage providers can give you the best deals.

15. After selling out to

Leader of Alchemint Europe Communities.

Of course, because it’s secured on the blockchain,

ALCHEMINT’S SAR MEANS THAT YOU CAN effectively release the ‘equity’ in your crypto position without actually selling it, so long as the value of your SAR holdings at least equals the Alchemint ‘mortgage rate’ (typically 150% of your SDUSD holding). So, while you go off and spend your stable SDUSD, your ‘mortgaged’ crypto holdings are held in the SAR until you decide to repay the SDUSD (and a fee payable in Alchemint’s utility token $SDT, which is burned when closing the SAR.) Therefore, if in the intervening period the value of your crypto holdings goes up, you’ll be Quids-in when you come to redeem it. However, be warned, should the value of your crypto held in the SAR fall and you don’t top it up by the amount required to meet your ‘mortgage rate’ you may be liquidated. If you do nothing else today, and want to better understand the liquidation process, take a look at the explanatory video on Alchemint’s website and marvel at the happiest and most joyful depiction of someone getting rekt that you’re ever likely to see! Quali also believes the feature which will provide the biggest differentiator between Alchemint and its competitors is that they are a platform rather than just a coin; “every major company or institution will be able to use our process in order to create their own branded stable coins for their own Eco system” he said. Alchemint’s testnet is set to launch later this summer.

the corporate world, he ended up running

you will have total control over who you share

a small but successful

your personal data with.

marketing

For business, this is great news because as Urs Bolt, PikcioChain’s representative at the NEO meet-up explains; “corporates don’t have data under control any more... they are constantly having to cut costs so it’s extremely difficult to keep customer data up-to-date.” Of course, with all of the recent data and privacy regulations being rolled out globally, data management is both crucial, and a major headache for companies. PikcioChain solves this problem by ensuring data is compliant with, for example, the European GDPR regulations.

PIKCIOCHAIN’S PERSONAL DATA wallet solution was installed recently at global finance group BNP Paribas. Using this wallet, the consumer has local storage of their personal data and can give businesses permission to use it, greatly reducing on-boarding time. Work on Pikcio Pro, a gateway to connect various ecosystems, is also continuing. PikcioChain also sees medical records and ICO’s as major use cases for its product. They are currently working with P2Link, a telemedicine service provider, to connect patient data with the P2Link caregivers. Personally, if I never have to fill out another doctor’s form or complete KYC to participate in an ICO again, I’m on board.

21 CRYPTOS

Carl Gunaratnam

tancy.

Then

consulcrypto

got him. Who doesn’t enjoy a good bowl of ramen anyway?


QADISIYAH, BAGHDAD, IRAQ

The Internet’s THIRD GENERATION Begins in the THIRD WORLD TH E MOS T ANCIENT IN F O R M AT I O N

FEATURE

REC O RDED IN HU MAN H I ST O RY RESTS ON CLAY TABLET S ST R EWN A BO UT TH E IRA QI DES ER T.

These ancient Sumerian records say nothing about religion or art for the first thousand years; they are ledgers, the residue of tens of thousands of transactions: olive oil for copper ingots, wine for salt… Accounting is so mundane, so woven into the fabric of our lives, that we crypto traders forget the true power of the forces we’re unleashing. Especially when the market sucks.

As I write this, the value of our digital gold stand-

We’ve mastered the simple stuff. An application pulling

ard (Bitcoin) remains in the sub-seven thousand US

information from databases functions fairly well, even one as

dollar doldrums. The institutional investment frenzy

complex as Uber. But we’re still confounded by technological

we expected to buoy our altcoins out of the sewer

limitations. Stuff like banking and insurance or real estate or

hasn’t come. There hasn’t been breakout success

anything coming close to a government agency’s legacy systems

like AntShares or Ethereum yet this year. Even John

remains an archaic, kludgy snarl of paperwork and hassle. But

McAfee himself seems subdued these days. But the

blockchain technology promises to change this for good.

feeling of there being something big about to happen

Blockchains are distributed ledgers; make an entry once

remains: and indeed, on the fringes, beyond the

and it is there for good and for all to see. In theory this means

robo-generated spam and huckster-spewed hype,

transactions between two strangers can take place without a

blockchain technology and crypto-currencies are

trusted third-party. The real promise of blockchain technology

changing the world.

isn’t so much the ability to swiftly and cheaply shuffle value,


as it is the ability to build programs on top of a blockchain infrastructure, essentially automating complex bureaucratic

procedures.

All those times in your life where you’ve wanted to tear your hair out because you need something stamped in triplicate and fed through an archaic office system (getting a passport, getting a visa stamped, tracking down the provenance of a painting or the title of a property deed) could be rendered obsolete

Leapfrogging Decaying Infrastructure Thanks to mobile phones and wireless Internet, the developing world has an opportunity to skip many expensive stages of infrastructure development. Many of the most extreme leaps involve a combination of the increasingly ubiquitous mobile phone ownership and blockchain technologies. BitPesa, for example, uses Bitcoin (and other cryptocurrencies) to send money without using any existing international payment system, while remaining completely transparent.

by blockchain. In the developed world there are systems in place that keep things like taxation or credit approval as fair as

possible

and

running

relatively smoothly. In some other places these systems haven’t had a chance to grow, which is why the next iteration of the web likely won’t begin in Silicon Valley or Seoul; instead look to another rapidly developing megacity for the beginning of the blockchain revolution.

Their first product, a way of transferring money internationally, launched in Kenya in 2013 and was priced 2/3s lower than the average remittance payment and—more importantly in a fairly low-trust society—did so with complete transparency. You knew exactly where your money was at any moment. Anyone anywhere in the world could buy Bitcoin, and use it to send money to a BitPesa user in any of their client countries. (The receiver received his or her money in the local currency, not in Bitcoin). What BitPesa was doing was akin to Uber making an end run around the Taxi and Limousine Commission—creating a platform that mimics the function of a highly regulated quasi-governmental entity and improving upon it. It’s a potentially revolutionary idea. Living in a country riddled with corruption is almost impossible to describe to someone who hasn’t had the experience. Every interaction with an institution comes with tiny costs and instability. Chaos accumulates and kludges up any complex interaction. Starting a business in the more extreme of these places can mean bribing dozens of officials and can take months or years, eroding any chance at profitability. “From Accra to Dar es Salaam, young people who have internet access seem unstoppable,” writes World Bank Vice President Makhtar Diop. “Provided they can get access to capital to unleash their potential.” Creating a shadow regulatory system watching over logistics, payments and mail could finally allow the African continent to catch up with other developing regions like East Asia

21 CRYPTOS


and India that have exploded with growth since the millennium. Smartphone penetration (individual ownership) ranges from a high of about 37 percent in South Africa to 26 percent in Kenya, 21 percent in Ghana, 19 percent in Senegal, 14 percent in Burkina Faso, 11 percent in Tanzania to 4 percent in Uganda (2017 Pew Research Center). As access to smartphones increases, so too will the ability of citizens to evade the tentacles of their governments (or, just as likely, put pressure on them to reform).

Among the most important blockchain startups in Africa are Suremit, which has raised $8m during its ICO and aims to use a Stellar Lumens-based token to create a payment system rivaling BitPesa’s. “I think we are the first major effort at running a global non-cash remittance platform,” Suremit director Samuel Biyi told E-labz. Other startups want to use cryptocurrencies for peer-to-peer lending networks; the lack of fees and near-instantaneous transfers mean that even very small loans can be made. Storing and sharing value is far from the only interesting use of blockchain technology. BitLand, based out of Ghana, wants to create an “immutable, transparent, NAIROBI, KENYA SMARTPHONE PENETRATION IS ABOUT 26 PERCENT IN KENYA

and universal” digital land registry and trading platform. The developing world has a massive problem with property rights, by having boundaries redrawn by corrupt officials or bullies seizing land from vulnerable landowners. “Countries like Georgia and Honduras already have such projects underway,” says the Center for Strategic International Studies (CSIS). “If successful, they will leapfrog the world’s most developed countries in land registry efficiency and cost.” Many blockchain startups are collaborating with NGOs. “In the realm of international development, blockchains are already improving livelihoods, facilitating good governance, and helping establish rights among poor communities,” CSIS says. The Swiss company Agora recently—and controversially—helped tally votes in Sierra Leone, keeping vote totals on a blockchain-based system. GovernanID2020, an organization “affiliated with the United Nations,” according to a DHL whitepaper on blockchain logistics, “seeks to provide proof of

Images Courtesy of Nairobi City County, visit https://www. ccn-ecp.or.ke

identity to people without an official form of identification.” Refugees fleeing from civil war and other disasters often lack any form of paperwork and this would create a kind of ‘handsfree’ ID card for passing border controls and receiving benefits.

THE INTERNET’S THIRD GENERATION BEGINS IN THE THIRD WORLD

97


The same idea can be extended to tracking containers in ships, thus preventing waste and theft while streamlining logistics, or ensuring the provenance of pharmaceutical drugs, cruelty-free diamonds, fair-trade chocolate or even something more abstract like trading energy or tracking advertisements and digital rights across multiple countries.

Given the absence of trustworthy infrastructure in place in some areas of the developing world, and the spread of cheap, mobile computing in the form of smartphones - effective blockchain-based platforms may well be able to leap past existing institutions—at least in relatively peaceful developing countries with stable economies. Countries that are awash with economic chaos, however, have very different use-cases for cryptocurrencies.

Cryptocurrency and Troubled Economies Crypto has the potential for both mischief and relief in the world’s most miserable mies.

In

econoJanuary

2018, two Goldman Sachs (Zach

analysts Pandl

Charles

and

Himmel-

berg) published a note pointing out the use of the US dollar “suggests there is already demand for an

internationally

accepted of

medium

exchange

and

store of value.” And that in “corners of the financial institution

where

the

traditional services of money are inadequately

supplied,

Bitcoin (and cryptocurrencies more generally) may offer viable

VENEZUELAN STUDENTS POSING IN FRONT OF COLINAS DE BELLO MONTE, CARACAS, VENEZUELA

alternatives.” (Business Insider) Venezuela was once the world’s second richest country (after the United States) in the 1950s after the discovery of massive oil

coin offering (ICO), although few speculators believe Venezuela

reserves, but a series of socialist governments and sloppy nation-

would honor the Petro’s alleged tether to the price of a barrel of

alization programs have left it in ruins. When the International

crude, and many doubt whether so much currency was raised.

Monetary Fund announced in June that it expected consumer

Others point out that the currency is backed by fiat so it hardly

prices in Venezuela to increase 14,000 percent in 2018 (following

qualified as a cryptocurrency to begin with.

a report that the government was postponing a currency overhaul)

Just beyond the Venezuelan border, in Cúcuta, Colombia,

Bitcoin trading soared. This came only a few months after the

a young crypto entrepreneur named David Hay is attempting

Venezuelan government released its own oil-reserve backed

what could be the first use of crypto currency as a revolutionary

cryptocurrency, the Petro. After the U.S. government banned

act. He’s raising $2 million worth of crypto donations to give to

purchases in the United States in March 2018, the currency lost

the impoverished city’s population in the hope of igniting a kind

much of its momentum. Venezuelan president Nicolas Maduro

of crypto conflagration that would eventually spread across the

claims the currency raised nearly $735 million during its initial

border into Venezuela (cryptocucuta.com). He’s hoping for a

21 CRYPTOS


fifty percent adoption rate.

pesos for $0.01 and to sell them for $0.05, “Warren Buffet may

Many of the problems which make cryptocurrencies little

call bitcoin ratpoison squared. Alright oracle,

a post attached to an image of

please tell me what other system millions of Venezuelans should use

a currency exchange bureau

because the spread on fiat at the moment is 500 percent.”

more than exotic investment tools in the West—the volatility, the occasional pillaging of exchanges and other hacks—are of little concern when in Zimbabwe or Venezuela the official currencies are cleaving in half everyday. As Hay points out in

offering to buy Venezuelan

While Bitcoin remains the digital gold standard of cryptocurrencies world wide, privacy coins such as Monero, Dash, ZCash, Solaris, BitCoin Private, Verge, CloakCoin, DeepOnion or Enigma, that conceal their ledgers from unauthorized users, can also be used as stores of value in economies that are hostile to cryptocurrency (or mined for profit) or, alternatively, by crime syndicates and rogue governments skirting international banking regulations (such as the Iranians and North Koreans are alleged to have done/are doing).

Fighting Inequality and Distributing Universal Basic Income biggest

contracting the number of tokens in an individual’s wallet. The

roadblocks for the widespread

beauty of having a constant value for a token is that it makes

adoption of cryptocurrencies

long-term smart contracts a viable option.

One

of

the

is that what would likely be

The implications are incredible. Imagine being able to get a

application—the

tax refund from the government immediately or if Social Security

smart contract (essentially a

could be distributed and individually tailored for cost of living or

computer program built on top

disability. Something like Universal Basic Income could become

of a network like Ethereum that

conceivable with smart contracts and wallets, and could even

can be executed automatically

be adjusted to take into account something like intersectional

when certain conditions are

privilege.

their

killer

met) is useless when individual

Of course there’s a slightly dystopian side to smart contracts.

cryptocurrencies are so volatile.

Automation has already begun threatening manufacturing jobs,

Would you agree to exchange five Bitcoins for a car when you

and as robotics and artificial intelligence continue to advance

have no idea how much they’ll be worth tomorrow? Let alone

and learn they will threaten more and more categories of employ-

sign a contract for an annual salary paid in a cryptocurrency.

ment. Taxi drivers and long haul truckers are in the crosshairs as

StableCoins such as MakerDAO, Carbon, or BaseCoin come

Uber and Lyft attempt to render drivers obsolete. Blockchains

in a variety of different flavors all with the goal of becoming

and smart contracts may very well gut most white-collar jobs.

what John Nash called Ideal Money: a currency that has both

Anything involving paperwork or compliance sieving a living off

long-term and short-term value without risking potential hyper-

of transactional fees (i.e. insurance, real estate transactions, most

inflation triggered by bad actors taking advantage of a fixed

law, most finance) could well be replaced with smart contracts.

exchange ratio. They’re essentially coins that act like shares

In the past, new types of jobs have sprung up in the wake of

and can split when necessary (or be bought back with a smart

technological progress, but no matter where blockchain takes

contract bond).

root - are we doomed to become as obsolete as the Sumerian

In the past this would have been computationally daunting

clay tablets buried beneath the sifting sands?

and would have demanded a fallible, expensive intermediary to broker any transactions made on it. But with smart contracts

James McGirk is the author of A GRAND THEORY OF EVERYTHING and AMERICAN OUTLAWS. His bylines have

created on the Ethereum network you can write a contract that

appeared in TIME, WIRED, This Land Press, and the Paris Review

holds the value of an individual token constant by increasing or

daily. For more information please visit: jamesmcgirk.com.

THE INTERNET’S THIRD GENERATION BEGINS IN THE THIRD WORLD

99


Cryptolina Expo 2018

FEATURE

21 CRYPTOS

JEN HILL MEETS THE PEOPLE THAT ARE BUILDING DURING A BEAR MARKET


In times of accumulation, when traders are uneasy at best and more typically at each other’s throats, the steadfast continue adding to the system’s foundation - building, or mining away. This month I interviewed some folks at Cryptolina—North Carolina’s Bitcoin conference, and I have some interesting takeaways for you crypto-fanatics.

CRYPTOLINA EXPO 2018

101


JOE ROETS, DRAGONCHAIN

“OF COURSE THERE IS AN IMPACT when the market dips like this, but it’s not our concern and we don’t get distracted or deterred by it.” says Joe Roets, Founder of DragonChain. Those who are most upset by the price, are those who are not confident in what they are building. He continues to explain, “A product is half marketing and half innovative.” DragonChain has been innovating and building, and are proud to have met their roadmap goals. Marketing, he says, will come later. They have a long-term vision, and have been intentional to ensure their token is representative of a software license, thereby staying ahead of regulations. Not all the attendees or speakers were blanketly bullish. Skepticism about non-inventive or unnecessary platforms and inexperienced teams could be found on participants’ Twitter feeds and overheard during drinks after presentations. Roets explained that none of this is novel, it’s the Joe Roets, Founder of DragonChain

way we are putting it all together that creates something new. In the space of newness, a new muscle for critique must be developed by those attempting to sift the gold from the dirt. Roets is a bag holder himself and says he focuses on the fundamentals. From the sounds of it, he spreads his investments around. “Lots of tokens are interesting with unique advantages. Traders in a market like this should value the flexibility of a token that can interact easily on any blockchain.”

VALERIAN BENNETT, POPCHEST

BEAR MARKETS CAN BE SEEN AS PROVIDING OPPORTUNITY for glass-halffull type builders. “It’s hard to build. It’s even harder to build during a crash. Everyone who builds through those times have proved their worth” explains Valerian Bennett, former Real World and RuPaul show producer turned CEO and Founder of PopChest.

21 CRYPTOS

Valerian Bennett talks about what it takes to launch PopChest in a bear market


VITALIK BUTERIN, ETHEREUM Vitalik Buterin, the creator of Ethereum, was the first headliner in 2014 at Cryptolina. Though the conference

Anthony “Pomp” Pompliano. The man behind “tokenize the world”, “smart money don’t gamble”, and “the virus is spreading”.

continues to host popular speakers, the attendance was less than three hundred. In the end, Cryptolina (like many crypto conferences) gave those few attendees the chance to interact with all this digital, decentralized, and tokenized stuff and the people behind it.

ANTHONY POMPLIANO & JASON WILLIAMS One of this year’s prominent speakers was Anthony “Pomp” Pompliano. Pomp is known for his unpopular opinions and catchphrases, of which he will be the first to tell you are intentionally polarizing and generalized. He is up front about his interest in making money and hedges his bets on the centralized crypto companies over the decentralized ones, while focusing on assets over currencies. Pomp tells the traders in the crowd, “You are buying and selling penny stocks. If you know that you’re gambling, that’s fine. You are speculating and not investing. What we should be focused on is tokenized securities and smart contracts.” He likes to say that

“SMART MONEY DON’T GAMBLE.” Pomp exited Twitter the week following Cryptolina after receiving threats and an onslaught of mockery from crypto Twitter. Though his exit from Twitter was not directly related, one of his many memed posts gained tons of traction in the weeks before and at the time when he was engaged in some heated debates about assets versus currency. So if not trading, “What about mining?” I asked him. His response, “A terrific investment. We were doing the math today and the return is worth it, even now.” The “we” he is referring to is himself and his partner in assets, Jason Williams. Jason shared a story about having to meet up with the FEDs at a Dunkin Donuts after they made a impromptu visit to his house. They were inspired by his recent purchases

of

equipment

to

make miners. Williams said they were simply looking to learn more about mining and crypto at a time when they didn’t know much. You can listen to the rest of Jason’s story and the other presentations at www.Cryptolina2018.com where they have promised to post each of them. Pomp crunched the numbers, and says that mining is a sound investment.

CRYPTOLINA EXPO 2018

103


ROB WALTHER, MININGSTORE

THE TIMES HAVE CHANGED, and mining cryptocurrencies is commonplace. Two southern mining farm owners with properties in Washington discussed mega wattage, ASICs, and GPUs. While mining farms and hosting locations are sprouting up wherever

CRYPTOLINA EXPO 2018 ↘ ↘ Blockchain event for the Carolinas in USA (hence the name), held in Raleigh, NC ↘ ↘ Friday June 15th – Saturday June 16th ↘ ↘ 2 days of education, innovation, networking & more ↘ ↘ 50+ speakers and 20+ exhibitors ↘ ↘ $299, payment in cryptocurrency available

there is still cheap electricity, the MiningStore’s Rob

↘ ↘ Started in 2014

Walther will tell you that the differentiator will come

↘ ↘ Features “Women In Blockchain” event

down to customer service. You can build a mining

↘ ↘ Lieutenant Governor of North Carolina to give the welcome remarks

rig on your own and host it, or you can send it to

↘ ↘ In a popular Twitter poll, 48% decided Crypto-

a co-hosting location. Most people these days are

lina was “far better than I expected!”, with 28%

choosing the latter. Walther warns, you better be

saying it was “exactly what I hoped for!”

sure they have a team of qualified technicians and enough support to help you mine through bear and

↘ ↘ There was a cocktail party and AMA both evenings with the top keynote speakers of the event

bull markets alike. SPEAKERS & TOPICS FRIDAY ↘ ↘ Master Of Ceremonies: Todd Erickson, entrepreneur and senior banking executive ↘ ↘ Welcoming Remarks: Lt Governor of North Carolina, Dan Forest ↘ ↘ Professor Campbell Harvey, Duke University – “The Wild West of ICOs”

JAMESON LOPP & JEREMY WELCH

↘ ↘ David Gardner, Cofounders Capital – “Finding and Winning Over the Right Investor for Your Venture” ↘ ↘ Valerian Bennett, Popchest - “#BUIDL: The reality of building a mainstream utility token dApp” ↘ ↘ Mark Easley, Benji Jones and Jim Verdonik, Ward and Smith P.A. - Panel

With all this bullish building and talk of mining, others have come up with solutions to address the problem of crypto theft. Jameson Lopp, early adopter and cypherpunk,

TAKES THE SECURITY DEBATE

well

beyond hard versus cold storage and warns that taking control of your assets comes with the responsibility of protecting them. In partnership with Jeremy Welch, CEO and Founder of Casa, Lopp engineered a multi-signature, multi-location, and multi-device wallet that secures cryptographic keys from digital and personal attack, as

discussion “Why ICOs and STOs are Crowdfunding on Steroids” ↘ ↘ Shannon Code, Emblem Vault – “Cracking The Universal Wallet Code” ↘ ↘ Don Reynolds and Jason Williams, Wyrick Robbins, LLP/Morgan Creek Digital Assets – “Fireside chat” ↘ ↘ Steve Jeffress – “Don’t Miss the Crypto for the Coin” ↘ ↘ Anthony Pompliano, Morgan Creek Digital Assets – “Tokenize the World!” ↘ ↘ Khari Baker, #DialThisNumber – “Trusting Education?!” ↘ ↘ Aditi Sriram, ConsenSys Academy – “The Future of Ethereum Education: Developing a Passion for Learning” ↘ ↘ Rik

Willard,

Agentic

Group

“Blockchain

Investing:

The

New

Triple-Bottom-Line” ↘ ↘ Jacob Hall and Kyriakos Skiouris, Agingo –”’NOOB Protocol” ↘ ↘ Eric Martindale, Robby Dermody, Carol Van Cleef, Chris Yoo – Panel Discussion: “A Conversation on Token Investing” ↘ ↘ Todd Erickson, John Walsh, John Bridge, Aleksandar Zelenovic – Panel Discussion: “Beyond Hype – Blockchain Innovation”

well as natural disasters. Casa recently raised $2 million

↘ ↘ Ben Oberg, Millionaire Mafia – “Understanding Crypto, Blockchain &

from venture capital firms, and both presented their

↘ ↘ Sandra K Johnson, GeeRemit – “Startup Showcase”

security centered business.

Profiting From It All”

↘ ↘ Jared Johnson, NagriTech – “Startup Showcase” ↘ ↘ Ravi Gandavarapu, Merritos.com – “Startup Showcase” ↘ ↘ Flip Filipowski and Brian Platz, Fluree – “Blockchain’s Data Problem” ↘ ↘ Jameson Lopp and Jeremy Welch, Casa – “Constructing Crypto Castles”

SATURDAY ↘ ↘ Opening Remarks: EJ Wilder, Candidate for North Carolina State House, District 41& Mathias Sundin, MP, Sweden, Chairman of Board at BTCX ↘ ↘ Joe Roets, Dragonchain – “Data Protection, Privacy and Individual Liberty with a Hybrid Blockchain Platform” ↘ ↘ Alec Donaldson, Jeffrey Truitt, Elizabeth David, Raina Haque – Panel Discussion: “Initial Coin Offerings and Compliance: Lessons From The Past

has a background in

Year and a Look Ahead”

non-profit manage-

↘ ↘ Michael Tozoni – “Everyone Wants Your Money!” ↘ ↘ Dawn Code, UNSpecified – “There’s More to Predicting the Price of Bitcoin Than You Think!” ↘ ↘ Xiaochen Zhang with Faruk Okcetin and Eric Porper, FinTech4Good – “Introducing the RTP Digital Economy Hub” ↘ ↘ Luis Buenaventura, Bloom Solutions – “Crypto Growth in Southeast Asia” ↘ ↘ Peter Kofod, Sertenti Blockchain – “Selecting the Right Blockchain Platform For Your Application”

Affairs, and summer camps (especially the kind for nerds). New to the world of crypto, her goal is to contribute to the

↘ ↘ Dan Spuller, David Aylor, Tyler Gibbons, Chamber of Digital Commerce/

field of blockchain

Man Cometh: A Real-World Discussion on Cryptocurrency Taxation and Legal Implications”

technology by informing, inspiring,

↘ ↘ Rahdi Fakhoury, Foleum Inc

and empowering

↘ ↘ JP Baric, MiningStore – “The Future of Cryptocurrency Mining”

those typically

↘ ↘ John Wolpert, ConsenSys

marginalized in tech

↘ ↘ Garfield Maitland, Ivy Music – “Startup Showcase” ↘ ↘ Denis Shaiakhmetov, Efir.io – “Startup Showcase” ↘ ↘ Nsdq Mining – “Startup Showcase” ↘ ↘ Mindy Ngo, TheLendingCoin – “Real Estate on the Blockchain” ↘ ↘ Ashe Oro, SteemSmarter – “Why Inflation is not the Enemy”

21 CRYPTOS

ment, International

↘ ↘ Robert Viglione, ZenCash – “Building Antifragile Systems”

Aylor Law Firm/Riser McLaurin & Gibbons LLP – Fireside Chat: “The Tax

Jameson Lopp talks attack representing Casa crypto castles.

Jen Hill

spaces.


JULY

Crypto Event Calendar

Siacoin (SIA) Hyperspace Fork and Airdrop

DigiPulse (DGPT) DigiPulse Service Release

Syscoin (SYS) CPS Coin

Electra (ECA) Masternode Implementation

Airdrop The Abyss

High Performance Block-

(ABYSS) First

chain (HPB) Partnership with

Refund Poll

UnionPay

Blocknet (BLOCK) SPV Support

1 SUN

CPChain (CPC) / Icon (ICX) / Neo (NEO) / Aeternity (AE) / Qtum (QTUM) / Bytom (BTM) at Chainers 2018 in Seoul, South

INS Ecosystem

Korea

(INS) Token

2 MON

Airdrop Bytecoin (BCN)

Aphelion

6th Anniver-

(APH) Dex

sary Surprise

Launch

Loopring

Innova (INN)

(LRC) LRN

Exchange

5

Aidrop

Platform

THU

Dascoin (DASC)

Wanchain

Event in Barce-

(WAN) Mainnet

7

lona, Spain

Celebration

LBRY Credits

UTRUST (UTK)

(LBRY)

ClientAPI and

Hardfork

Wallet WebApp

B3Coin (KB3) Community Meeting

4 WED

SAT

9

Stellar (XLM) Hack Summit

MON

11

Sapien (SPN) BWC Event

WED

Cappasity

Aion (AION)

Storiqa (STQ) / TenX (PAY) / Monaco (MCO) /

(CAPP) Bonus

TRS Token

Bluzelle (BLZ) / SONM (SNM) at Rise Conference

Airdrop

Release #8

in Hong Kong

DigiByte (DGB) Digital Currency Conference in Park City, Utah, USA Bitcoin (BTC) / Ethereum

12 THU

13 FRI

(ETH) Super

14

Conference

SAT

in Ontario, Canada

Silent Notary (SNTR) Mainnet Launch

Einsteinium (EMC2) Crowdfunding Platform

15 SUN

16

Monero (XMR) at Global

MON

Blockchain Congress in Johannesburg, South Africa

BitWhite (BTW) DAO Module

Ethereum (ETH) / Ripple (XRP) / Po.et (POE) / Qtum (QTUM) / VeChain (VEN) at Distributed 2018 in San Francisco, CA, USA

17 TUE

19 THU

20 FRI


JULY 22

DEN-X (DNX) Hardfork

SUN

25

B3Coin (KB3) Community

WED

Meeting

30

Stratis (STRAT)

MON

at Philly-

BitBay (BAY) Web

Tron (TRX) Secret

Marketplace Beta

Project Launch

Tech 365 in PA, USA

TUE

Ubiq (UBQ) ESCH Airdrop

HelBiz (HBZ) Los Angeles Launch

Binance Coin (BNB) Coin Burn

Peculium (PCL) Token Burn

“SyncFab (MFG) Unsold Token Burn Phase 2”

IOTA (MIOTA) Startup Autobahn

Dragonchain (DRGN) Developer Academy

Bankera (BNK) Exchange Launch

WePower (WPR) Platform Testing

Po.et (POE) Revenue Sharing System

Banyan Network (BBN) First Application Online

Medicalchain (MTN) Partnership with Medical Group + First Application

0x (ZRX) Launch of Protocol V2

Ethereum Classic (ETC) SDK Release

Cardano (ADA) IELE VM Test

SingularityNet (AGI) Beta Version Release

Nexo (NEXO) Credit Card Launch

MediBloc (MED) Platform Alpha Launch

Internxt (INXT) X Cloud 1.0 Release

UNDATED EVENTS

31

Villanova,

21CRYPTOS Magazine Issue 9 July 2018  

INSIDE ISSUE #9 Blockchain For Good Edition - Cecile Baird’s Blockchain For Good Roundtable - Internet 3.0 will start in the third world -...

21CRYPTOS Magazine Issue 9 July 2018  

INSIDE ISSUE #9 Blockchain For Good Edition - Cecile Baird’s Blockchain For Good Roundtable - Internet 3.0 will start in the third world -...