Here Are the Crypto Exchanges With the Lowest Fees
December 30, 2017 Harry DeVries 0 Comments
11 The intelligent investors guide to Particl (PART): Part 4 - Is there a huge unmet demand for 100% private 2-party transactions? (self.Particl)
December 16, 2017 Harry DeVries 0 Comments
Is there a huge unmet demand for 100% private 2-party transactions?
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Yes.
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Privacy centric markets e.g. Particl (PART) are useful for:
Privacy enthusiasts.
People who wish to live independent of fiat.
People who live in localities where crypto is not taxed or recognized as a legal unit of exchange (potentially legally bypassing local tax laws).
Grey market purchases (nootropics, pharmaceuticals, tobacco, alcohol, luxury goods, knockoff's (including unbranded device clones or items which are essentially legal but copyright may be an issue).
Embarrassing legal goods purchases or purchases you do not want appearing on a credit card statement (sex toys is an obvious one; I'm sure there are more)
People in countries with unstable economies (Venezuela, Zimbabwe) where local currency hyperinflation means purchasing various goods in native currency is pointless/expensive/cumbersome but using alternative non-private currencies to transact (e.g. Bitcoin) may result in prosecution.
Legal transaction of goods internationally but the need to keep location of buyer/sender publicly hidden due to local/regional restrictions or requirements for other bureaucracy if purchased in fiat
Extremely sensitive research and development or manufacturing projects especially product manufacture where for whatever reason the design, parts and manufacturing process must be completely unknown or obscurable.
Purist use as a store of value, anonymous secure, large OTC cryptocurrency transactions and wholeseller/sensitive R&D or confidential supply chain transactions is a massive legal use case area.
Whole seller/boutique manufacturing and R&D is probably the biggest legal use case especially where patent's or highly sensitive data is concerned and for whole sellers and large scale manufacturers who wish to keep their trade secrets intact.
Providing a safe, secure competitive edge when negociating with multiple contractors. MAD Escrow service serves as a nice deposit feature for lock on of contracts for large scale distributors where trust or quality concerns may be an issue.
Sometimes the convenience associated with trading on a fully anonymous platform (where the client node locations are anon and the buyer/seller/amount are publicly anon) in terms of keeping paperwork and records but still trading goods for a fungible currency) outweighs the risks. Anyone who has ever had to do company accounts will understand what a pain in the ass these are to keep and produce.
Any transaction where only the buyer and seller can know about the nature of the transaction. This relates back to R&D, sensitive information exchange but is facilitated by PARTICL having a trustless, automated non-human escrow (the MAD mutually assured destruction escrow) to ensure both buyer and seller are complicit in ensuring delivery of payment and delivery of goods in acceptable condition.
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I've discussed this with a friend who tinkers in making all kinds of legal useful gadgets (we're talking voice activated Iron Man suits with built in LCD screens, Thor Hammers and tonnes of custom cosplay stuff in amazing quality); he'd be reluctant to sell these on eBay due to litigation risks but he'd make a killing selling these anonymously online; these are definitely things people want and would enjoy. There's a tonne of stuff on alibaba which would be ideal to sell on the Particl network; true anonymity creates an incentive to justify many of the negatives I've outlined.
The stuff he's building would actually be legal to sell in many jurisdictions where copyright laws are more relaxed but centralised services would never tolerate due to their need to appease international corporate interests regardless of laws. Decentralized private commerce would allow him to serve those jurisdictions with confidence.
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I've also had the pleasure of discussing distributed ledger technologies with an analyst at BNY Mellon who highlighted his opinion that the two big things large investment banks look for in blockchain technology are scalability and privacy. These are banks whose transaction volumes can be in the billions of USD per trade. Discretion for their clients and representatives is paramount and freely publicly viewable records of transactions on a block chain represent a potential disadvantage to adoption. Privacy is paramount and solutions which preserve it protect security.
It is unfortunate that in recent times a need for privacy has been confused or maligned in popular culture with the desire to commit illegal activity. In day to day practice, the need for privacy of data transmission and transaction settlement manifests in the designs of all major institutions be it medical records in healthcare, government and corporate memos and communications or even transmission of social media and personal communications. Privacy is fundamentally associated with security and by extension safety.
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With that in mind, if you started this questioning the value and scope for privacy markets, I hope it is more apparent that the market and volume for true privacy centric, trustless listings, transactions, communications, escrow and marketplace settlement is probably much larger than you realized.
By: Joske
Bitcoin’s Market Cap Surpasses the IMF’s Special Drawing Rights Reserves
December 16, 2017 Harry DeVries 0 Comments
NEO Receives Its First ICO Template
December 16, 2017 Harry DeVries 0 Comments
The intelligent investors guide to Particl (PART): Part 3 - How will Particl succeed in gaining price appreciation, adoption and network effect where centralised anonymous marketplaces fail?
December 09, 2017 Harry DeVries 0 Comments
How will Particl succeed in gaining price appreciation, adoption and network effect where centralised anonymous marketplaces fail?
It's real simple. Particl is not a centralised marketplace so you would need to take the majority of the nodes down to compromise the network.
Contrast this with tradtional centralised marketplaces where taking down a handful of servers can shut down the entire service leading to loss of any funds held there.
The Particl nodes can be run on the tor network for added security thus the network is inherently more resistant to tradtional hacks, takedowns and DDOS attacks.
Integration of the currency into the platform means that the value of the PART token will increase rapidly as use of the marketplace increases.
This is because although Particl can accept multiple cryptocurrencies, these will all be converted in the Particl client into PART token via integration of shapeshift exchange and other decentralized exchanges into the Particl client before being used to transact on the Particl network.
Thus there is a constant buy pressure on the PART token to raise its daily trading volume, attract speculators who will then promote the platform further (after learning about it) and thus speading the network effect and awareness about the marketplace.
Integration of the currency into the platform also makes it easier to use as it reduces the number of additional trusted third party services required to zero, thus the service is more accessible, secure, safer and convenient.
XMR and DNM's are currently the way with regards to anonymous, private commerce but the Particl network provides all their services integrated and avoids all their inherent problems.
A design which encourages convenience (integration of the currency exchange/converter, marketplace listings, escrow service, currency, communications, security features and any additional services required under one client operating on a separate chain).
Compare with centralized marketplace's which have a number of distinct disadvantages:
Have far higher fees
Are governed by centralized authorities which can delist or prevent you from listing products for any reason whatsoever without any recourse; this also prevents buyers from being able to purchase things they want
Contain your sensitive data (credit card information, purchase/sell history, personal information) on centralized servers which means your information can be sold to third-parties, governments or leaked during hacks (Equifax anyone?)
Have zero network effects -- unless you own stock in Amazon.com you couldn't give two shits about how it operates
In contrast decentralized privacy centric MP's do not require personal information, can benefit from leveraging the network effects of speculation (Bitcoin circa 2013 is a perfect example), can have low or zero transaction fee's and protect sellers from premature, unfair or even illegal delisting i.e. protect buyers and sellers from censorship where none is required or where censorship is questionable.
Furthermore the tax implications of cryptocurrency have yet to be determined. PART wouldn't qualify as just a currency as it has features that make it more in keeping with a bond and a share simultaneously (as the token confers governance rights, generates passive income if staked and is used to secure the network + act as bond in it's escrow service). Tax laws specific to an asset class like PART have yet to be clearly defined. I think a large amount of legal white market commerce could run through Particl simply because it potentially represents a more legally tax efficient solution.
Following on from this I think a large amount of wealth that has moved into cryptocurrency wants to stay there. Thus the general market for legal goods acquired tax efficiently through multiple cryptocurrencies is potentially untapped and could explode as crypto marketcap continues to grow. I think this represents a case for all decentralised marketplaces.
This argument in general is the case for decentralization of marketplace technologies and is the main use case for District0x, Openbazaar, Syscoin etc.
By: Joske
Bitcoin Cash: The Birth of Satoshi's Real Model?
December 09, 2017 Harry DeVries 0 Comments
10 of the Biggest Lies Told About Bitcoin
December 09, 2017 Harry DeVries 0 Comments
The intelligent investors guide to Particl (PART): Part 2 - Why am I bullish on the price of Particl (PART) long term?
December 01, 2017 Harry DeVries 0 Comments
Currently Particl trades in the $5-10 range on Bittrex with a relatively low market cap. Present valuations are determined solely by market speculators (mostly accumulators aware about the project potential).
However on release of their decentralised marketplace module in Q1 2018, provided its released with full atomic swaps and shapeshift/exchange integration, it's buy side dynamics will change significantly.
This will be driven by the fact that whilst multiple cryptocurrencies will be accepted on the Particl network to automatically convert to the native PART token via in-client integration of shapeshift, decentralized exchanges and widget implementation of atomic swaps (direct conversion of other cryptocurrencies to the native PART token without intermediary if they possess atomic swap functionality), all buying and selling transactions on the marketplace and other Particl modules will be conducted solely via the native PART token.
At this stage I estimate a 5x to 20x (conservative is 5x) rise in price purely on a hype cycle alone. Longer term however I view it very differently to other assets due to it's liquidity characteristics which resemble DASH but with actual utility to self perpetuate it. This is because:
- People decide to use the Particl marketplace.
- People sent their crypto to the Particl client.
- This converts to PART: Buy pressure on PART.
- People buy PART in the Particl client to transact.
- People use PART escrow: PARTs get locked into escrow contract.
- Circulating supply of PART gets further restricted.
- Successful buying/selling of goods = repeat custom exclusively in PART token.
- Repeat custom = regular repeat buy pressure on PART per individual.
- Repeat custom = word of mouth = more new customers on Particl marketplace. This perpetuates first step.
- Buy pressure increases. More escrows. Further liquidity lockup.
More dApps (beyond market place) release as PART hype & awareness increases = more buy pressure on PART.
Staking locks away PART also restricting circulating supply.
As value of PART increases incentive to stake increases (as stakers earn tx fees). As PART value increases and tx frequency increases, stakers earn more rewards perpetuating further staking.
More PART gets locked in staking. Lower circulating supply.
Rapidly escalating PART price.
So provided it is released as described and people use it as a marketplace non-speculatively, with time it's price should rise exponentially independent of traditional exchange dependent model.
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I hope this makes it super clear why I rank Particl on par with Ethereum and Bitcoin in terms of price growth potential.
By: Joske
CME Group Is Pleased to Bring Bitcoin Futures to the Market on December 18
December 01, 2017 Harry DeVries 0 Comments
Bitcoin Touches a Milestone Price of $9K Across Global Exchanges
November 26, 2017 Harry DeVries 0 Comments
NEO Price Surpasses $39 as Rumor Mill Hits its Stride
November 18, 2017 Harry DeVries 0 Comments
Bitcoin Cash Network Completes a Successful Hard Fork
November 13, 2017 Harry DeVries 0 Comments
BrickBlock - Trade tokenized ETFs, real estate, and coin funds in a secure marketplace.
November 13, 2017 Harry DeVries 0 Comments
Review Guts.Tickets
November 13, 2017 Crypto Blogger 0 Comments
Guts.Tickets what is that? Guts.tickets is a very cheap ticket place for people who go to a lot of concerts and or festivals and do not want to pay a lot for it or have already paid a lot for it and did not think it was worth it Guts.Tickets will give you the best price available for those concerts and festivals also it is very cheap if you compare it to normal prices.
What is Guts.Tickets?
Each and every price tag makes a exceptional code for every ticketholder. Madonna), 60-70% of tickets are traded, persistently with a markup outperforming 500% GUTS Tickets is a blockchain-based ticketing affiliation constructed up in March 2016 via 3 Dutch businessmen. Rulers of Leon), 20-40% of tickets are traded at a markup of100-250; For most sensible notch occasions (e.g. GUTS makes price tag deception incomprehensible. You'll be able to't make a bonus alongside those traces.GUTS enrolls the proprietorship and the homes of the tickets in blockchain. Because of one thing got here up, ticketholders can be offering their tickets via strategies for GUTS at no matter level. Seek advice from the GUTS website online to peer the occasions prematurely ticketed via GUTS, and use the Ethereum blockchain voyager to peer the tickets at the chain.
GUTS is a ticketing machine which makes use of blockchain development to enlist responsibility relating to tickets. All this is required is a cell phone. Price tag touts advance price tag bargains for forthcoming occasions previously the elemental marketplace even problems the tickets and, once in a while, touts make a plan of action with elementary ticketing associations to procure a selected collection of fascinating tickets already they're that can be purchased via enthusiasts.
In 2009, Europe Economics grasped an exam to get a prevalent working out of the construction and dimension of the discretionary ticketing marketplace. The result's glorious userdata from the certifiable contributors, making long term headway a breeze. Promoters and scenes can use GUTS with out hanging sources into pricey scanners or different equipment. For a very long time, price tag exhibiting is status as much as an previous factor, the price tag scalping or in like way identified the price tag touting in helper market it. The price tag should be traded at a settled esteem, so not more offensive bills for (helper) tickets.
Allocation
Precisely when a price tag is bought with GUTS the ticketholder is assured to go into the environment. This decentralized framework takes to the air it exhausting to switch the homes of a price tag, alternatively empowers possession to be traded earnestly and direct. GUTS is aware of who's actually keeping off to the development, paying little realize to how as frequently as conceivable a price tag is traded. In spite of how as frequently as conceivable a price tag is (re)bought.
The price tag pals that experience a spot with this marketplace, for example, touts and peddlers, protected measures of the principle tickets with the will of providing them at an widely upper value. Their disclosures: For indubitably understood track festivities, 20-30% of tickets are traded at a markup of 30%; For most sensible notch occasions (e.g. Every now and then, those additional prices are handed on between the development organizer and the ticketing affiliation with out the client figuring out.
30% of all tickets are bought in the course of the helper exhibit. Price tag value in discretionary marketplace is each and every once in a while expanded to 30-300%, depend on the estimation of the occasions. In elementary marketplace, tournament facilitators or substance creators factor considered one of a type tickets at the elementary marketplace, at an esteem that they set themselves. GUTS Tickets has grouped along with possibly essentially the most well-known performers within the Netherlands to assist the project of in reality direct ticketing.
The affiliation makes use of 8 originators and has received more than a few development stipends each within the Netherlands and moreover all the way through Europe. Match facilitators via then draw in ticketing associations to provide and float the tickets for the development, and the ticketing affiliationordinarily fees industry and affiliation prices regardless of the principle price tag value.
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- Everything You Ever Wanted to Know About Privacy C...
- Here Are the Crypto Exchanges With the Lowest Fees
- 11 The intelligent investors guide to Particl (PAR...
- Bitcoin’s Market Cap Surpasses the IMF’s Special D...
- NEO Receives Its First ICO Template
- The intelligent investors guide to Particl (PART):...
- Bitcoin Cash: The Birth of Satoshi's Real Model?
- 10 of the Biggest Lies Told About Bitcoin
- The intelligent investors guide to Particl (PART):...
- CME Group Is Pleased to Bring Bitcoin Futures to t...
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