“This is not a speculation, nor is it a hedge. This was a deliberate corporate strategy to adopt a bitcoin standard.”Let's unpack it and jump into the economics Bitcoin:
The essential measures that ended hyperinflation in each of Germany,Austria, Hungary, and Poland were, first, the creation of an independentcentral bank that was legally committed to refuse the government'sdemand or additional unsecured credit and, second, a simultaneousalteration in the fiscal policy regime.In english: *hyperinflation stops when the central bank can say "no" to the government."
The Federal Reserve is prepared to use its full range of tools to support the flow of credit to households and businesses and thereby promote its maximum employment and price stability goals.In english: We're going to keep printing and lowering rates until jobs are back and inflation is under control. If we print until the sun is blotted out, we'll print in the shade.
“We feel pretty confident that Bitcoin is less risky than holding cash, less risky than holding gold,” MicroStrategy CEO said in an interview"BTC is less risky than holding cash or gold long term" is nonsense. We saw before that BTC is more volatile on face value, and that as long as the Fed isn't run by spider monkeys stacked in a trench coat, the inflation is likely to be within reasonable bounds.
|Google Auth||Authy||OTP Auth|
|Gyft||Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.|
|Spendabit, Overstock and The Bitcoin Directory||Retail shopping with millions of results|
|ShakePay||Generate one time use Visa cards in seconds|
|NewEgg and Dell||For all your electronics needs|
|Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, LivingRoomofSatoshi, Coinsfer, and more||Bill payment|
|Menufy, Takeaway and Thuisbezorgd NL||Takeout delivered to your door|
|Expedia, Cheapair, Destinia, Abitsky, SkyTours, the Travel category on Gyft and 9flats||For when you need to get away|
|Cryptostorm, Mullvad, and PIA||VPN services|
|Namecheap, Porkbun||Domain name registration|
|Stampnik||Discounted USPS Priority, Express, First-Class mail postage|
|WorkingForBitcoins, Bitwage, Cryptogrind, Coinality, Bitgigs, /Jobs4Bitcoins, BitforTip, Rein Project||Freelancing|
|Lolli||Earn bitcoin when you shop online!|
|OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market||Marketplaces|
|/GirlsGoneBitcoin NSFW||Adult services|
|Lightning Network||Second layer scaling|
|Blockstream, Rootstock and Drivechain||Sidechains|
|Hivemind and Augur||Prediction markets|
|Tierion and Factom||Records & Titles on the blockchain|
|BitMarkets, DropZone, Beaver and Open Bazaar||Decentralized markets|
|JoinMarket and Wasabi Wallet||CoinJoin implementation|
|Coinffeine and Bisq||Decentralized bitcoin exchanges|
|Keybase||Identity & Reputation management|
|Abra||Global P2P money transmitter network|
|bitcoin||BTC||1 bitcoin||one bitcoin is equal to 100 million satoshis|
|millibitcoin||mBTC||1,000 per bitcoin||used as default unit in recent Electrum wallet releases|
|bit||bit||1,000,000 per bitcoin||colloquial "slang" term for microbitcoin (μBTC)|
|satoshi||sat||100,000,000 per bitcoin||smallest unit in bitcoin, named after the inventor|
Switzerland is good for business development as it is located in the center of Europe. It is convenient to get there for meetings with European partners. A prestigious jurisdiction is especially important for crypto companies that work with customers' money.submitted by simba_official to simba_official [link] [comments]
Today we will talk about Crypto Valley. What is it and why will Simba be based there?
We have already spoken about the fact that in 2016 the authorities of the city of Zug launched an experiment: they offered residents the option to pay for utilities and government services with bitcoins. Then, Swiss Railways allowed passengers to exchange cash for cryptocurrency in ticket machines. Local officials are satisfied with the pilot project and continue to introduce blockchain into the daily life of residents. There are over a hundred fintech startups operating in Zug now. According to PwC, every 11th fintech startup on the planet opens in Zug.
Due to the cluster of decentralized startups, the canton has been nicknamed Crypto Valley (http://gdi.ch/media/cryptovalleymap_impuls_v2.pdf). The following are located there: the headquarters of the Ethereum blockchain platform; the Monetas cryptocurrency payment system; Bancor, the platform for creating new cryptocurrencies; Bitcoin Suisse AG, the Bitcoin ATM network operator; the Xapo bitcoin wallet provider; the ShapeShift cryptocurrency exchange; and the Lisk blockchain platform, which is competing with Ethereum.
The Crypto Valley Association has (https://cryptovalley.swiss/) recently been established in Crypto Valley. It is engaged in the development of an ecosystem for decentralized technologies, prepares proposals for regulators, launches research projects and organizes events. The association brings together large companies (Luxoft, UBS, PwC, ConsenSys, Monetas and Thomson Reuters), investors, the Zug government, the University of Lucerne, and blockchain startups.
On the map below, you can see where the Swiss company Simba will be registered: 130 meters from #Ethereum #Foundation near #Tezos #Foundation and #Bitcoin #Suisse
Lion Simba chooses only the best locations for itself!
Hello, community. 👋🏻 Today we will tell you about crypto ATMs and their features.submitted by PZMCash to PZMCash [link] [comments]
💳 What is an ATM?
ATM is an electronic telecommunications device that allows customers from financial institutions to withdraw cash, replenish deposits, make money transfers, and also receive account information. At the same time, ATMs are designed for self-service, are always available, and eliminate the need to visit a bank branch. In most modern ATMs, customers are identified using plastic cards (or some other acceptable payment card) with a PIN code.
💳 Benefits of Using ATM
Using an ATM, customers can access their bank deposit accounts, manage their money without having to visit the bank and stand in line, they also provide the opportunity to quickly recharge a card or mobile phone. ATMs are also used to withdraw cash in a foreign country, even if the money on the card is in a different currency, they are simply converted according to the exchange rate.
💳 Cryptocurrency ATM and their features
With the development of information technology, the advent of blockchain, and the increasing popularity of cryptocurrencies, the emergence of cryptocurrency ATMs was a natural step. Of course, most of the crypto ATMs belong to the main cryptocurrency - Bitcoin. Bitcoin ATM is primarily intended for exchanging cash for cryptocurrencies, however, part of the machines (about 30%) also offer the possibility of withdrawing cryptocurrencies into cash fiat money. Bitcoin ATMs are machines that are connected to the Internet, which allows you to enter cash in exchange for cryptocurrency, the amount of which is indicated on a paper receipt. In doing so, they charge a transaction fee.
🎯 PZMCash is planning to create an ATM network for the convenience of users of PZM currency, who can withdraw personal funds by exchanging PZMC for fiat, replenish their crypto wallets, buying PZMC, check the status of a personal account, and more. Since PZMCash is a means of payment, we also plan to issue our own plastic debit card in Q1.2021.
Follow us on social media not to miss new exciting updates on PZMCash project!
PZMCash website: https://pzmcash.com/en/
PZMCash Whitepaper: https://pzmcash.com/docs/WP_MARCH2020_ENG.pdf
Living, all by itself, is a struggle when one is out of a vocation however it's more regrettable when one resigns without something considerable to appear for it, work is burdening wellbeing astute and work shrewd and time-wise, so one gets ready for mature age and retirement with different plans and approaches, some look to put resources into treasury securities, common assets, stocks, new businesses, land and so forth yet just a couple really get the opportunity to have advantageous ventures.submitted by elemaneyo to BlockchainStartups [link] [comments]
Contributing is mind-boggling, one is confronted with the difficulties of data and the alternative of browsing plenty of speculation choices
Gold is a benefit known to man more than a great many ages, Gold and copper were the principal metals utilized by people beginning from 5000 BC, The main enlisted gold found in the US was a piece weighing 7.8kg found in Cabarrus County, North Carolina. At the point when progressively gold was found in little spring glade in 1803, the primary US dash for unheard of wealth started. The world's biggest gold hold is held five stories underground in the vault of the Federal Reserve Bank of New York, it contains 25% of all the gold saves in the world(540,000 gold bars), the greater part of them have a place with remote gov't. The main ever gold candy machine was introduced in Dubai in 2010. Because of its irregularity and high worth, a large portion of the gold at any point mined is still in flowing gold was removed over the most recent 100 years. Numerous individuals inquire as to why gold is so costly, the explanation is its irregularity: more steel is delivered in one hour than gold through the span of the whole mankind's history. Numerous researchers accept that gold is likewise present in Mars, Mercury and Venus.
Reports state China is expanding its gold imports and Mark Mobius, an energetic broker in gold has prompted that individuals buy gold, he accepts that the cost of gold will continue developing as the measure of paper cash in the worldwide economy increments.
Do you realize that under 82% of Americans own any bit of gold?
The exchanging volume of advanced gold is over $100 million
Do you realize you also can put resources into gold?
We should discuss the potential outcomes of putting resources into gold utilizing a blockchain stage, you should have one bit of gold that has a token portrayal,
The explicit explanation on the advanced gold token, what it does and how you can really profit by it.
Presently, in the event that you are following intently, you will find that the crypto showcase hit its top in 2017, in 2017 bitcoin was selling for $20,000 and in 2020, it is coasting around $9,000 and each genuine speculator ought to be seeing this market, at 2017 the complete market capitalization of digital forms of money was nearly $1 Trillion dollars and however it has tumbled to around $300 billion dollars in 2020, this industry despite everything holds a ton of possibilities.
One ought to inquire as to for what reason is there so much venture going into the blockchain space, what is the potential that this thing has, many have named blockchain as web 3.0 or a definitive innovation that will introduce web 3.0, till date, the speculations that have experienced different blockchain new businesses have been over $25 billion dollars with any semblance of EOS, Telegram raising billions of dollars each.
What are the issues associated with putting resources into cryptographic forms of money?
1.Volatility: If you take a gander at the altcoin unsurpassed record, you will see the sickening drop in crypto esteem
What of tasks that have lost over 10000% of their incentive over the course of about two years.
The thought is planned for breaking entire units of stocks, foundation and so forth into littler pictures.
Take one unit of gold and make an advanced unit of it with the blockchain, that thought really birthed the Digital gold token project.
The computerized gold commercial centre: encourages a generally simple, powerful and proficient buy/deal framework, clients can just round out a structure that starts a brilliant agreement, which at that point moves the recently printed GOLD tokens.
Concerning engineers, they are additionally spared the issue of the complexities that accompany coordinating a crypto resource for their foundation, the advanced gold tasks assist them with incorporating without any problem.
Highlights of Digital Gold
The advanced gold token flaunts various highlights that make it one of a kind and beneficial for potential speculators to investigate.
It's a token that is minimal effort and doesn't have move costs when one is moving it, it offers potential speculators the chance to broaden their portfolio while additionally keeping their riches in a place of refuge, it likewise gives secure gold possession as the bought gold is made sure about in a sheltered vault, the computerized gold token is exceptionally fluid, which means there is a business opportunity for you at whatever point you expect to sell or purchase the token since the advanced gold token is attached to real gold, the token is as significant as gold itself, so as gold increments in esteem so does the token.
For more info:
My Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2150171
Bitcointalk Username: pedpedped101
|Date Added||OP approved // On My Device||Application||Link||Sauce // Instructions|
|Yes // Yes||18.104.22.168: Faster Internet||https://testflight.apple.com/join/Sl7m9yyz||Courtesy of u/rgllm|
|1Blocker X||https://testflight.apple.com/join/KjmVWFnT||Courtesy of u/loudmoutholeary|
|Yes // No||1Password||https://testflight.apple.com/join/flDiG5AU||Courtesy of u/BillyCurtis|
|2Do - Todo List, Tasks & Notes||https://testflight.apple.com/join/McBV96Wi||Courtesy of u/BillyCurtis|
|Yes // No||9GAG: Best LOL Pics & GIFs||https://testflight.apple.com/join/S2q4mD2b||Courtesy of u/jengyong|
|AdGuard||https://surveys.adguard.com/beta_testing_program/form.html||Courtesy of u/Birdman-82 // Form|
|all 4 hue (for Philips Hue)||https://testflight.apple.com/join/4Jc5hX2s||Courtesy of u/bkmgtpe|
|Area51: A Client for Reddit||https://testflight.apple.com/join/V6vpApGX||Courtesy of u/Nicolaspatate|
|Airchat for AirPods||https://testflight.apple.com/join/wL0ZRXln||Courtesy of u/Vegetapple|
|Yes // No||Airmail||https://testflight.apple.com/join/1AcpfFq3||Courtesy of u/TSUTiger|
|AmazFaces||https://testflight.apple.com/join/4hBEKHHg||Courtesy of u/RobinBaerheim|
|Andrana Project||https://testflight.apple.com/join/RorSFmpx||Courtesy of u/BillyCurtis|
|Yes // No||AnyList||https://testflight.apple.com/join/xwvLPc6o||Courtesy of u/BillyCurtis|
|Armajet||https://armajet.com/||Courtesy of u/BillyCurtis // Form. Scroll down to bottom|
|Artstudio Pro: Draw Paint Edit||https://testflight.apple.com/join/Npva2kOl||Courtesy of u/BillyCurtis|
|Banana Racer||https://testflight.apple.com/join/F7OpC9rE||Courtesy of u/potencia2001|
|Yes // No||BBC Sport||https://testflight.apple.com/join/LWzWwU8q||Courtesy of u/Vegetapple|
|Beatwave||https://testflight.apple.com/join/2ZowJ3D3||Courtesy of u/BillyCurtis|
|Yes // No||BETA PUBG MOBILE||https://testflight.apple.com/join/N2px9MKy||Courtesy of u/suuuuuuuuja|
|9/18/19||Binfinder: Find litter bins||https://testflight.apple.com/join/B4geEYHD||Courtesy of u/RobinBaerheim|
|Yes // No||BlackBerry Messenger (BBM)||https://docs.google.com/forms/d/e/1FAIpQLSfMwOqEZn6mFtuz9FhzreOdysmTbSaRnOO3LCIHY1Uwt2f31A/viewform||Courtesy of u/BillyCurtis // Form|
|Yes // No||Buffer: Social Media Manager||https://testflight.apple.com/join/DOpMcusn||Courtesy of u/BillyCurtis|
|Bullet Force||https://bulletforce.herokuapp.com/||Courtesy of u/BillyCurtis // Form|
|CARROT Fit||https://testflight.apple.com/join/rhsofJcx||Courtesy of u/loudmoutholeary|
|9/29/19||Castro Podcast Player||https://testflight.apple.com/join/rcoPrQZ3||Courtesy of u/RobinBaerheim|
|Cs Music Player||https://testflight.apple.com/join/dU2r1pkq||Courtesy of u/Birdman-82|
|ChastiKey||https://testflight.apple.com/join/0pHRZcVD||Courtesy of u/BillyCurtis|
|CHUNE||https://testflight.apple.com/join/7gH8i3pN||Courtesy of u/BillyCurtis|
|Cloud Baby Monitor||https://testflight.apple.com/join/LiFkmauz||Courtesy of u/alexrianne|
|CoinView: Bitcoin Altcoin App||https://testflight.apple.com/join/zjjpM7eC||Courtesy of u/BillyCurtis|
|Comet||https://testflight.apple.com/join/AShWXMYH||Courtesy of u/Cesuva|
|Controller for HomeKit||https://testflight.apple.com/join/W8RcBWhh||Courtesy of u/BillyCurtis|
|Custom Contacts 2||https://testflight.apple.com/join/uOLgKHRN||Courtesy of u/RisksvsBenefits|
|9/29/19||Dark Odds||https://testflight.apple.com/join/oyTaqKjv||Courtesy of u/RobinBaerheim|
|Darkroom – Photo Editor||https://testflight.apple.com/join/mzR3XvHe||Courtesy of u/Vegetapple|
|Yes // No||Day One Journal||https://testflight.apple.com/join/NXLBigzY||Courtesy of u/BillyCurtis|
|Debit & Credit||https://testflight.apple.com/join/FvufwHrV||Courtesy of u/BillyCurtis|
|Yes // No||Deezer||https://docs.google.com/forms/d/e/1FAIpQLScFW5Cc0tdycEegIASXWqEn-512i_qTVPlvXoaearB12r35Fw/viewform?c=0&w=1||Courtesy of u/K2rtman|
|detektor.fm||https://testflight.apple.com/join/XocX8UGc||Courtesy of u/BillyCurtis|
|DEV Community||https://testflight.apple.com/join/7Wq8VRLQ||Courtesy of u/BillyCurtis|
|Yes // Yes||Discord||https://testflight.apple.com/join/gdE4pRzI||Courtesy of u/TSUTiger|
|Dog Scanner||https://testflight.apple.com/join/OOrSaq4J||Courtesy of u/arcangel_06|
|Yes // Yes||Dropbox||https://testflight.apple.com/join/LBZaRq4I||Courtesy of u/Nicolaspatate|
|9/18/19||Yes // Yes||Email - Canary Mail||https://testflight.apple.com/join/oH6AKZC0||Courtesy of u/kamsa6-fojbiz-nesXem|
|Emma - Money Management||https://testflight.apple.com/join/KSO9dtAn||Courtesy of u/BillyCurtis|
|9/18/19||Eternal Love M||https://testflight.apple.com/join/4O9GPjMk||Courtesy of u/RobinBaerheim|
|Yes // No||Facebook Light||https://testflight.apple.com/join/UqEC1ibq||Courtesy of u/Birdman-82|
|Yes // Yes||Facebook Messenger||https://testflight.apple.com/join/njVWbUm0||Courtest of u/dmbaio|
|FanFiction.Net||https://testflight.apple.com/join/NLrhkf2U||Courtesy of u/BillyCurtis|
|Yes // No||Feedly||https://testflight.apple.com/join/DcxRQdP9||Courtesy of u/TSUTiger|
|Yes // No||Fenix For Twitter||https://testflight.apple.com/join/poQA1Iml||Courtesy of u/TSUTiger|
|FIFA: Gameplay First Look||https://testflight.apple.com/join/B0QRLciS||Courtesy of u/BillyCurtis|
|9/18/19||Fight Back to the 80's Match 3||https://testflight.apple.com/join/xt9cIUk1||Courtesy of u/RobinBaerheim|
|Yes // No||Firefox||https://www.mozilla.org/en-US/firefox/ios/testflight/||Courtesy of u/syralspiral // Requires an E-Mail Address|
|FotMob Live Soccer Scores||https://testflight.apple.com/join/zEAwGlrV||Courtesy of u/BillyCurtis|
|Freebox||https://testflight.apple.com/join/q9vICEOv||Courtesy of u/Vegetapple|
|GAMEE - Play with your friends||https://testflight.apple.com/join/WdjtLFsf||Courtesy of u/BillyCurtis|
|Garadget 2||https://testflight.apple.com/join/fdJQnYQ2||Courtesy of u/BillyCurtis|
|GawkBox||https://testflight.apple.com/join/miOgmpZa||Courtesy of u/BillyCurtis|
|GROM - Get Rid of Minions||https://testflight.apple.com/join/5k0dF9zs||Courtesy of u/BillyCurtis|
|Yes // No||GroupMe||https://testflight.apple.com/join/6CcTotfX/||Courtesy of Yours Truly|
|Yes // Yes||Google Apps (Every. Single. One.) (Best find ever)||https://previewapps.withgoogle.com/||Courtest of u/ryangoldstein // Click on "Get Access" at the top right of the screen|
|Yes // Yes||Google Chrome Beta||https://www.google.com/chrome/beta/||Courtesy of Yours Truly // Click on "Download Chrome Beta" on an iOS device|
|Guide Meditation||https://testflight.apple.com/join/Apcb3YLW||Courtesy of u/BillyCurtis|
|Yes // No||Happy Mail for Gmail||https://testflight.apple.com/join/Pg9PbgEw||Courtesy of u/arcangel_06|
|Hexer – Hex File Viewer||https://testflight.apple.com/join/YqMTA9lr||Courtesy of u/Kamik423|
|Highlights - Export PDF Notes||https://testflight.apple.com/join/Abrd4mE4||Courtesy of u/BillyCurtis|
|9/18/19||Yes // No||Hire by Google||https://testflight.apple.com/join/pv5dbYgF||Courtesy of u/RobinBaerheim|
|Home Assistant Companion||https://testflight.apple.com/join/XCUga7ko||Courtesy of u/BillyCurtis|
|iCertifi||https://testflight.apple.com/join/hnyqQHH0||Courtesy of u/BillyCurtis|
|Idle Space: Cargo Empire||https://testflight.apple.com/join/SGPJ8FJK||Courtesy of u/Ultimastar|
|Yes // Yes||IFTTT||https://docs.google.com/forms/d/e/1FAIpQLSdXzjY_hv8F8UMa58IIEmqAyZ_ixAbxxltiuwQAWa_9uyYEMQ/viewform?c=0&w=1||Courtesy of u/BillyCurtis // Form|
|Yes // No||Imgur - Meme & GIF Maker||https://testflight.apple.com/join/Qd42y5Pw||Courtesy of u/Vegetapple|
|infltr - Infinite Filters||https://testflight.apple.com/join/In6e3GcJ||Courtesy of u/BillyCurtis|
|iSH Shell||https://testflight.apple.com/join/97i7KM8O||Courtesy of u/gnomeuser|
|Yes // No||Jira Cloud by Atlassian||https://testflight.apple.com/join/2lm7vHBS||Courtesy of u/thekirbylover|
|KARMA: Social Network For Good||https://testflight.apple.com/join/lpnVgcmV||Courtesy of u/Vegetapple|
|Yes // No||Kaspersky Security Cloud||https://testflight.apple.com/join/yst7K78b||Courtesy of u/BillyCurtis|
|Yes // No||LastPass Password Manager||https://testflight.apple.com/join/fy7LvHVA||Courtesy of u/RobinBaerheim|
|LFIX||https://testflight.apple.com/join/TYoQEz4T||Courtesy of u/BillyCurtis|
|Map Pilot for DJI||https://testflight.apple.com/join/FWOdp61T||Courtesy of u/BillyCurtis|
|10/3/19||Maze Machine||https://testflight.apple.com/join/37BftFj2||Courtesy of u/RobinBaerheim|
|Yes // No||Mega||https://testflight.apple.com/join/4x1P5Tnx||Courtesy of u/Nicolaspatate|
|9/19/19||Memento: Modern Reminders||https://testflight.apple.com/join/aRvubPov||Courtesy of u/kamsa6-fojbiz-nesXem|
|Yes // No||Microsoft Cortana||https://testflight.apple.com/join/4IHpEYnz||Courtesy of Daniel Rubino from Windows Central|
|Yes // Yes||Microsoft Edge||https://testflight.apple.com/join/VtDI7uRL or See Right Column||Courtesy of u/DarkUv77 & Yours Truly // Go into the settings within the Microsoft Edge browser and look at the middle option for "Join Microsoft Edge Beta" and badda-boom-badda-bing|
|Yes // No||Microsoft Excel||https://aka.ms/iOSInsiderExcel||Courtesy of Yours Truly|
|Yes // Yes||Microsoft OneDrive||https://testflight.apple.com/join/LtgPLzrQ||Courtesy of u/TSUTiger|
|Yes // No||Microsoft OneNote||https://aka.ms/iOSInsiderOneNote||Courtesy of Yours Truly|
|Yes // No||Microsoft Outlook||https://aka.ms/iOSInsiderOutlook||Courtesy of Yours Truly|
|Yes // No||Microsoft PowerPoint||https://aka.ms/iOSInsiderPowerPoint||Courtesy of Yours Truly|
|Yes // No||Microsoft Remote Desktop Beta||https://testflight.apple.com/join/vkLIflUJ||Courtesy of u/Rukario|
|Yes // Yes||Microsoft To-Do||https://testflight.apple.com/join/JSq3UkAz||Courtesy of u/DiegoNavarro|
|Yes // No||Microsoft Word||https://aka.ms/iOSInsiderWord||Courtesy of Yours Truly|
|Mojo - Create Video Stories||https://testflight.apple.com/join/AJlrDMao||Courtesy of u/BillyCurtis|
|Momento - GIF Maker & Creator||https://testflight.apple.com/join/HzErGQWT||Courtesy of u/BillyCurtis|
|Moonscape - Crypto Tracker||https://testflight.apple.com/join/eIKd6q8T||Courtesy of u/BillyCurtis|
|Musixmatch Lyrics Finder||https://testflight.apple.com/join/7yLzN5td||Courtesy of u/Vegetapple|
|MyPal||https://testflight.apple.com/join/Jj3B6vQ8||Courtesy of u/BillyCurtis|
|Netwa - spy for Whatsapp||https://testflight.apple.com/join/7GMwTEZw||Courtesy of u/BillyCurtis|
|Yes // No||The New York Times||https://testflight.apple.com/join/gfiSREAr||Courtesy of u/sushiinyourface|
|Nextcloud||https://testflight.apple.com/join/GjNbfo2a||Courtesy of u/BillyCurtis|
|NoiseHub||https://testflight.apple.com/join/ulV8RPis||Courtesy of u/BillyCurtis|
|10/3/19||Yes // No||Notability||https://support.gingerlabs.com/hc/en-us/articles/216037238-Apply-to-Beta-Test-Notability-||Courtesy of u/jraspiprojects // Form|
|NotePlan - Markdown Calendar||https://testflight.apple.com/join/mrSbc937||Courtesy of u/BillyCurtis|
|NSScreencast||https://testflight.apple.com/join/zNLNVYtN||Courtesy of u/BillyCurtis|
|Omlet Arcade||https://testflight.apple.com/join/xqSLy94a||Courtesy of u/BillyCurtis|
|Onedox: For household bills||https://testflight.apple.com/join/Dqh55OBl||Courtesy of u/CashMc1234|
|Yes // No||osu!||https://testflight.apple.com/join/2tLcjWlF||Courtesy of u/151010|
|Overcast||https://testflight.apple.com/join/ua0oicPc||Courtesy of u/Kamik423|
|ownCloud||https://testflight.apple.com/join/Oktj0iKv||Courtesy of u/BillyCurtis|
|Parcel - Delivery Tracking||https://testflight.apple.com/join/fMeg6C4A||Courtesy of u/KvasiSide|
|Password AR||https://testflight.apple.com/join/BUsyXf0e||Courtesy of u/RobinBaerheim|
|PDF Expert 7: PDF Editor||https://testflight.apple.com/join/UE75wprO||Courtesy of u/Icy_Instance|
|PDF Viewer Pro by PSPDFKit||https://testflight.apple.com/join/6IMUtZ8n/||Courtesy of u/BillyCurtis|
|Phosphor||https://testflight.apple.com/join/IuKvZwqy||Courtesy of [deleted]|
|Yes // No||Plex||https://testflight.apple.com/join/MY6JTzix||Courtesy of u/Birdman-82|
|Yes // No||Pocket: Save. Read. Grow.||https://testflight.apple.com/join/LxKzQMpu||Courtesy of u/BillyCurtis|
|Pushover Notifications||https://testflight.apple.com/join/vkwfdWM0||Courtesy of u/BillyCurtis|
|Pythonista 3||https://testflight.apple.com/join/qDkBu2ur||Courtesy of u/HarryLafranc|
|Yes // No||Quizlet||https://testflight.apple.com/join/mwhcPqxJ||Courtesy of u/Vegetapple|
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submitted by D-platform to u/D-platform [link] [comments]
1. What is Bitcoin (BTC)?
2. Bitcoin’s core featuresFor a more beginner’s introduction to Bitcoin, please visit Binance Academy’s guide to Bitcoin.
Unspent Transaction Output (UTXO) modelA UTXO transaction works like cash payment between two parties: Alice gives money to Bob and receives change (i.e., unspent amount). In comparison, blockchains like Ethereum rely on the account model.
Nakamoto consensusIn the Bitcoin network, anyone can join the network and become a bookkeeping service provider i.e., a validator. All validators are allowed in the race to become the block producer for the next block, yet only the first to complete a computationally heavy task will win. This feature is called Proof of Work (PoW).
The probability of any single validator to finish the task first is equal to the percentage of the total network computation power, or hash power, the validator has. For instance, a validator with 5% of the total network computation power will have a 5% chance of completing the task first, and therefore becoming the next block producer.
Since anyone can join the race, competition is prone to increase. In the early days, Bitcoin mining was mostly done by personal computer CPUs.
As of today, Bitcoin validators, or miners, have opted for dedicated and more powerful devices such as machines based on Application-Specific Integrated Circuit (“ASIC”).
Proof of Work secures the network as block producers must have spent resources external to the network (i.e., money to pay electricity), and can provide proof to other participants that they did so.
With various miners competing for block rewards, it becomes difficult for one single malicious party to gain network majority (defined as more than 51% of the network’s hash power in the Nakamoto consensus mechanism). The ability to rearrange transactions via 51% attacks indicates another feature of the Nakamoto consensus: the finality of transactions is only probabilistic.
Once a block is produced, it is then propagated by the block producer to all other validators to check on the validity of all transactions in that block. The block producer will receive rewards in the network’s native currency (i.e., bitcoin) as all validators approve the block and update their ledgers.
Block productionThe Bitcoin protocol utilizes the Merkle tree data structure in order to organize hashes of numerous individual transactions into each block. This concept is named after Ralph Merkle, who patented it in 1979.
With the use of a Merkle tree, though each block might contain thousands of transactions, it will have the ability to combine all of their hashes and condense them into one, allowing efficient and secure verification of this group of transactions. This single hash called is a Merkle root, which is stored in the Block Header of a block. The Block Header also stores other meta information of a block, such as a hash of the previous Block Header, which enables blocks to be associated in a chain-like structure (hence the name “blockchain”).
An illustration of block production in the Bitcoin Protocol is demonstrated below.
Block time and mining difficultyBlock time is the period required to create the next block in a network. As mentioned above, the node who solves the computationally intensive task will be allowed to produce the next block. Therefore, block time is directly correlated to the amount of time it takes for a node to find a solution to the task. The Bitcoin protocol sets a target block time of 10 minutes, and attempts to achieve this by introducing a variable named mining difficulty.
Mining difficulty refers to how difficult it is for the node to solve the computationally intensive task. If the network sets a high difficulty for the task, while miners have low computational power, which is often referred to as “hashrate”, it would statistically take longer for the nodes to get an answer for the task. If the difficulty is low, but miners have rather strong computational power, statistically, some nodes will be able to solve the task quickly.
Therefore, the 10 minute target block time is achieved by constantly and automatically adjusting the mining difficulty according to how much computational power there is amongst the nodes. The average block time of the network is evaluated after a certain number of blocks, and if it is greater than the expected block time, the difficulty level will decrease; if it is less than the expected block time, the difficulty level will increase.
What are orphan blocks?In a PoW blockchain network, if the block time is too low, it would increase the likelihood of nodes producingorphan blocks, for which they would receive no reward. Orphan blocks are produced by nodes who solved the task but did not broadcast their results to the whole network the quickest due to network latency.
It takes time for a message to travel through a network, and it is entirely possible for 2 nodes to complete the task and start to broadcast their results to the network at roughly the same time, while one’s messages are received by all other nodes earlier as the node has low latency.
Imagine there is a network latency of 1 minute and a target block time of 2 minutes. A node could solve the task in around 1 minute but his message would take 1 minute to reach the rest of the nodes that are still working on the solution. While his message travels through the network, all the work done by all other nodes during that 1 minute, even if these nodes also complete the task, would go to waste. In this case, 50% of the computational power contributed to the network is wasted.
The percentage of wasted computational power would proportionally decrease if the mining difficulty were higher, as it would statistically take longer for miners to complete the task. In other words, if the mining difficulty, and therefore targeted block time is low, miners with powerful and often centralized mining facilities would get a higher chance of becoming the block producer, while the participation of weaker miners would become in vain. This introduces possible centralization and weakens the overall security of the network.
However, given a limited amount of transactions that can be stored in a block, making the block time too longwould decrease the number of transactions the network can process per second, negatively affecting network scalability.
3. Bitcoin’s additional features
Segregated Witness (SegWit)Segregated Witness, often abbreviated as SegWit, is a protocol upgrade proposal that went live in August 2017.
SegWit separates witness signatures from transaction-related data. Witness signatures in legacy Bitcoin blocks often take more than 50% of the block size. By removing witness signatures from the transaction block, this protocol upgrade effectively increases the number of transactions that can be stored in a single block, enabling the network to handle more transactions per second. As a result, SegWit increases the scalability of Nakamoto consensus-based blockchain networks like Bitcoin and Litecoin.
SegWit also makes transactions cheaper. Since transaction fees are derived from how much data is being processed by the block producer, the more transactions that can be stored in a 1MB block, the cheaper individual transactions become.
The legacy Bitcoin block has a block size limit of 1 megabyte, and any change on the block size would require a network hard-fork. On August 1st 2017, the first hard-fork occurred, leading to the creation of Bitcoin Cash (“BCH”), which introduced an 8 megabyte block size limit.
Conversely, Segregated Witness was a soft-fork: it never changed the transaction block size limit of the network. Instead, it added an extended block with an upper limit of 3 megabytes, which contains solely witness signatures, to the 1 megabyte block that contains only transaction data. This new block type can be processed even by nodes that have not completed the SegWit protocol upgrade.
Furthermore, the separation of witness signatures from transaction data solves the malleability issue with the original Bitcoin protocol. Without Segregated Witness, these signatures could be altered before the block is validated by miners. Indeed, alterations can be done in such a way that if the system does a mathematical check, the signature would still be valid. However, since the values in the signature are changed, the two signatures would create vastly different hash values.
For instance, if a witness signature states “6,” it has a mathematical value of 6, and would create a hash value of 12345. However, if the witness signature were changed to “06”, it would maintain a mathematical value of 6 while creating a (faulty) hash value of 67890.
Since the mathematical values are the same, the altered signature remains a valid signature. This would create a bookkeeping issue, as transactions in Nakamoto consensus-based blockchain networks are documented with these hash values, or transaction IDs. Effectively, one can alter a transaction ID to a new one, and the new ID can still be valid.
This can create many issues, as illustrated in the below example:
Since the transaction malleability issue is fixed, Segregated Witness also enables the proper functioning of second-layer scalability solutions on the Bitcoin protocol, such as the Lightning Network.
Lightning NetworkLightning Network is a second-layer micropayment solution for scalability.
Specifically, Lightning Network aims to enable near-instant and low-cost payments between merchants and customers that wish to use bitcoins.
Lightning Network was conceptualized in a whitepaper by Joseph Poon and Thaddeus Dryja in 2015. Since then, it has been implemented by multiple companies. The most prominent of them include Blockstream, Lightning Labs, and ACINQ.
A list of curated resources relevant to Lightning Network can be found here.
In the Lightning Network, if a customer wishes to transact with a merchant, both of them need to open a payment channel, which operates off the Bitcoin blockchain (i.e., off-chain vs. on-chain). None of the transaction details from this payment channel are recorded on the blockchain, and only when the channel is closed will the end result of both party’s wallet balances be updated to the blockchain. The blockchain only serves as a settlement layer for Lightning transactions.
Since all transactions done via the payment channel are conducted independently of the Nakamoto consensus, both parties involved in transactions do not need to wait for network confirmation on transactions. Instead, transacting parties would pay transaction fees to Bitcoin miners only when they decide to close the channel.
One limitation to the Lightning Network is that it requires a person to be online to receive transactions attributing towards him. Another limitation in user experience could be that one needs to lock up some funds every time he wishes to open a payment channel, and is only able to use that fund within the channel.
However, this does not mean he needs to create new channels every time he wishes to transact with a different person on the Lightning Network. If Alice wants to send money to Carol, but they do not have a payment channel open, they can ask Bob, who has payment channels open to both Alice and Carol, to help make that transaction. Alice will be able to send funds to Bob, and Bob to Carol. Hence, the number of “payment hubs” (i.e., Bob in the previous example) correlates with both the convenience and the usability of the Lightning Network for real-world applications.
Schnorr Signature upgrade proposalElliptic Curve Digital Signature Algorithm (“ECDSA”) signatures are used to sign transactions on the Bitcoin blockchain.
However, many developers now advocate for replacing ECDSA with Schnorr Signature. Once Schnorr Signatures are implemented, multiple parties can collaborate in producing a signature that is valid for the sum of their public keys.
This would primarily be beneficial for network scalability. When multiple addresses were to conduct transactions to a single address, each transaction would require their own signature. With Schnorr Signature, all these signatures would be combined into one. As a result, the network would be able to store more transactions in a single block.
The reduced size in signatures implies a reduced cost on transaction fees. The group of senders can split the transaction fees for that one group signature, instead of paying for one personal signature individually.
Schnorr Signature also improves network privacy and token fungibility. A third-party observer will not be able to detect if a user is sending a multi-signature transaction, since the signature will be in the same format as a single-signature transaction.
4. Economics and supply distributionThe Bitcoin protocol utilizes the Nakamoto consensus, and nodes validate blocks via Proof-of-Work mining. The bitcoin token was not pre-mined, and has a maximum supply of 21 million. The initial reward for a block was 50 BTC per block. Block mining rewards halve every 210,000 blocks. Since the average time for block production on the blockchain is 10 minutes, it implies that the block reward halving events will approximately take place every 4 years.
As of May 12th 2020, the block mining rewards are 6.25 BTC per block. Transaction fees also represent a minor revenue stream for miners.
I think BTC is aiming for a different audience these days, it’s looking to be digital gold, not digital cashfolks.
This post intends to illustrate the dynamics and fundamentals related to the mechanics and use of the Quant Network Utility Token (QNT), in order to provide the community with greater clarity around what holding the token actually means.submitted by mr_sonic to CryptoCurrency [link] [comments]
This is a follow-up on two articles David W previously wrote about Quant Network’s prospects and potential, which you can find here:
On that note, I have noticed that many wish to see institutional investors getting involved in the crypto space for their purchase power, but the one thing they would bring and that is most needed in my opinion is fundamental analysis and valuation expectations based on facts. Indeed, equity investors can probably access 20 or 30 reports that are 15 pages long and updated on a quarterly basis about any blue chip stock they are invested in, but how many of such (professional) analyst reports can you consult for your favorite crypto coins? Let me have a guess: none. This is unfortunate, and it is a further reason to look into the situation in more details.
To be clear, this article is not about providing figures on the expected valuation of the token, but rather about providing the community with a deeper analysis to better understand its meaning and valuation context. This includes going through the (vast) differences between a Utility Token and a Company Share since I understand it is still blurry in some people’s mind. I will incorporate my thoughts and perspective on these matters, which should not be regarded as a single source of truth but rather as an attempt to “dig deeper”.
In order to share these thoughts with you in the most pertinent manner, I have actually entirely modelled the Quant Treasury function and analysed how the QNT token would react to various scenarios based on a number of different factors. That does not mean there is any universal truth to be told, but it did help in clarifying how things work (with my understanding of the current ruleset at least, which may also evolve over time). This is an important safety net: if the intensity of speculation in crypto markets was to go lower from here, what would happen to the token price? How would Quant Treasury help support it? If the market can feel comfortable with such situation and the underlying demand for the token, then it can feel comfortable to take it higher based on future growth expectations — and that’s how it should be.
Finally, to help shed light on different areas, I must confess that I will have to go through some technicalities on how this all works and what a Utility Token actually is. That is the price to pay to gain that further, necessary knowledge and be in a position to assess the situation more thoroughly — but I will make it as readable as I possibly can, so… if are you ready, let’s start!
A Utility Token vs. a Company Share: what is the difference?It is probably fair to say that many people involved in the crypto space are unfamiliar with certain key financial terms or concepts, simply because finance is not necessarily everyone’s background (and that is absolutely fine!). In addition, Digital Assets bring some very novel concepts, which means that everyone has to adapt in any case.
Therefore, I suggest we start with a comparison of the characteristics underpinning the QNT Utility Token and a Quant Network Company Share (as you may know, the Company Shares are currently privately held by the Quant Network founders). I believe it is important to look at this comparison for two reasons:
What is on the right hand side of a balance sheet is the money a company has, and what is on the left hand side is how it uses it. Broadly speaking, the money the company has may come from the owners (Equity) or from the creditors (Debt). If I were to apply these concepts to an individual (you!), “Equity” is your net worth, “Debt” is your mortgage and other debt, and “Assets” is your house, car, savings, investments, crypto, etc.
As you can see, a Company Share and a Utility Token are found in different parts of the balance sheet — and that, in itself, is a major difference! They indeed serve two very different purposes:
On the other hand, as a Utility Token holder, you have no such rights related to the company’s profits or management, BUT any usage of the platform has to go through the token you hold — and that has novel, interesting facets.
A Utility Token vs. a Company Share: what happens in practice?Before we dig further, let’s now remind ourselves of the economic utilities of the QNT token (i.e. in addition to signing and encrypting transactions):
Arbitrary figures from myself (i.e. no currency, no unit), based on an indicative 20% Net Income Ratio and a 40% Dividend yield
We have now two different perspectives:
It is however too early to reach any conclusion, so we now need to dig one level deeper again.
More considerations around Company SharesAs we discussed, with a Company Share, you possess a fraction of the company’s ownership and hence you have access to profits (and losses!). So how do typical Net Income results look in the technology industry? What sort of Dividend is usually paid? What sort of market valuations are subsequently achieved?
Let’s find out:
As you can see, the typical Net Income Ratio varies between around 10% and 20% in the technology/software industry (using the above illustrated peer group). The ratio illustrates the proportion of Net Income extracted from Revenues.
In addition, money is returned to Company Shareholders in the form of a Dividend (i.e. a portion of the Net Income) and in the form of Share repurchases (whereby the company uses its excess cash position to buy back shares from Shareholders and hence diminish the number of Shares available). A company may however prefer to not redistribute any of the profits, and retain them instead to fund further business growth — Alphabet (Google) is a good example in this respect.
Interestingly, as you can see on the far right of the table, the market capitalisations of these companies reflect high multiples of their Net Income as investors expect the companies to prosper in the future and generate larger profits. If you wished to explore these ideas further, I recommend also looking into the Return on Equity ratio which takes into account the amount of resources (i.e. Capital/Equity) put to work to generate the companies’ profits.
It is also to be noted that the number of Company Shares outstanding may vary over time. Indeed, aside from Share repurchases that diminish the number of Shares available to the market, additional Shares may be issued to raise additional funds from the market hence diluting the ownership of existing Shareholders.
Finally, (regular) Company Shares are structured in the same way across companies and industries, which brings a key benefit of having them easily comparable/benchmarkable against one another for investors. That is not the case for Utility Tokens, but they come with the benefit of having a lot more flexible use cases.
More considerations around the QNT tokenAs discussed, the Utility Token model is quite novel and each token has unique functions designed for the system it is associated with. That does not make value assessment easy, since all Utility Tokens are different, and this is a further reason to have a detailed look into the QNT case.
As a start, all assets that are used in a speculative way embed two components into their price:
A) one that represents what the asset is worth today, and
B) one that represents what it may be worth in the future.
Depending on whether the future looks bright or not, a price premium or a price discount may be attached to the asset price.
This is similar to what we just saw with Company Shares valuation multiples, and it is valid across markets. For instance, Microsoft generates around USD 21bn in annual Net Income these days, but the cost of acquiring it entirely is USD 1,094bn (!). This speculative effect is particularly visible in the crypto sector since valuation levels are usually high whilst usage/adoption levels are usually low for now.
So what about QNT? As mentioned, the QNT Utility model has novel, interesting facets. Since QNT is required to access and use the Overledger system, it is important to appreciate that Quant Network company has three means of action regarding the QNT token:
We also have to appreciate how the QNT distribution will always look like, it can be broken down as follows:
A) QNT tokens held by the QNT Community
B) QNT tokens held by Quant Network that are locked (i.e. those related to Licences)
C) QNT tokens held by Quant Network that are unlocked (i.e. those related to other usage, such as consumption fees and Gateways)
D) the minimum QNT amount held by all users of the platform (more information on this front soon)
So now that the situation is set, how would we assess Quant Network’s business activity effect on the QNT token?
STEP 1: We would need to define the range of minimum/maximum amounts of QNT which Quant Network would want to keep as liquid reserves (i.e. unlocked) on an ongoing basis. This affects key variables such as the proportion of market purchases vs. the use of their own reserves, and the amount of QNT sold back to the market. Also, interestingly, if Quant Network never wanted to keep less than, for instance, 1 million QNT tokens as liquid reserves, these 1 million tokens would have a similar effect on the market as the locked tokens because they would never be sold.
STEP 2: We would need to define the amount of revenues that are related to QNT. As we know, Overledger Licences, Usage and Gateways generate revenues converted into QNT (or in QNT directly). So the correlation is strong between revenues and QNT needs. Interestingly, the cost of a licence is probably relatively low today in order to facilitate adoption and testing, but it will surely increase over time. The same goes for usage fees, especially as we move from testing/pilot phases to mass implementation. The number of clients will also increase. The Community version of Overledger is also set to officially launch next year. More information on revenue potential can be found later in this article.
STEP 3: We would need to define an evolution of the QNT token price over time and see how things develop with regards to Quant Network’s net purchase/sale of tokens every month (i.e. tokens required - tokens sold = net purchased/sold tokens).
Once assumptions are made, what do we observe?
In an undistorted environment, there is a positive correlation between Quant Network’s QNT-related revenues and the market capitalisation they occupy (i.e. the Quant Network share of the token distribution multiplied by the QNT price). However, this correlation can get heavily twisted as the speculative market prices a premium to the QNT price (i.e. anticipating higher revenues). As we will see, a persistent discount is not really possible as Quant Treasury would mechanically have to step in with large market purchases, which would provide strong support to the QNT price.
In addition, volatility is to be added to the equation since QNT volatility is likely to be (much) higher than that of revenues which can create important year-on-year disparities. For instance, Quant Treasury may lock a lot of tokens at a low price one year, and be well in excess of required tokens the next year if the QNT token price has significantly increased (and vice versa). This is not an issue per se, but this would impact the amount of tokens bought/sold on an ongoing basis by Quant Treasury as reserves inflate/deflate.
If we put aside the distortions created by speculation on the QNT price, and the subsequent impact on the excess/deficiency of Quant Network token reserves (whose level is also pro-actively managed by the company, as previously discussed), the economic system works as follows:
High QNT price vs. Revenue levels: The value of reserves is inflated, fewer tokens need to be bought for the level of revenues generated, Quant Treasury provides low support to the QNT price, its share of the token distribution diminishes.
Low QNT price vs. Revenue levels: Reserves run out, a higher number of tokens needs to be bought for the level of revenues generated, Quant Treasury provides higher support to the QNT price, its share of the token distribution increases.
The key here is that, whatever speculation on future revenue levels does to the token in the first place, if the QNT price was falling and reaching a level that does not reflect the prevailing revenue levels of Overledger at a given time, then Quant Treasury would require a larger amount of tokens to cover the business needs which would mean the depletion of their reserves, larger purchases from the market and strong support for the QNT price from here. This is the safety net we want to see, coming from usage! Indeed, in other words, if the QNT price went very high very quickly, Quant Treasury may not be seen buying much tokens since their reserves would be inflated BUT that fall back mechanics purely based on usage would be there to safeguard QNT holders from the QNT price falling below a certain level.
I would assume this makes sense for most, and you might now wonder why have I highlighted the bottom part about the token distribution in red? That is because there is an ongoing battle between the QNT community and Quant Treasury — and this is very interesting.
The ecosystem will show how big a share is the community willing to let Quant Network represent. The community actually sets the price for the purchases, and the token distribution fluctuates depending on the metrics we discussed. An equilibrium will be formed based on the confidence the market has in Quant Network’s future revenue generation. Moreover, the QNT community could perceive the token as a Store of Value and be happy to hold 80/90% of all tokens for instance, or it could perceive QNT as more dynamic or risky and be happy to only represent 60/70% of the distribution. Needless to say that, considering my previous articles on the potential of Overledger, I think we will tend more towards the former scenario. Indeed, if you wished to store wealth with a technology-agnostic, future proof, globally adopted, revenue-providing (through Gateways) Network of Networks on which most of the digitalised value is flowing through — wouldn’t you see QNT as an appealing value proposition?
In a nutshell, it all comes down to the Overledger revenue levels and the QNT holders’ resistence to buy pressure from Quant Treasury. Therefore, if you are confident in the Overledger revenue generation and wish to see the QNT token price go up, more than ever, do not sell your tokens!
What about the locked tokens? There will always be a certain amount of tokens that are entirely taken out of circulation, but Quant Network company will always keep additional unlocked tokens on top of that (those they receive and manage as buffer) and that means that locked tokens will always be a subset of what Quant Network possesses. I do not know whether fees will primarily be concentrated on the licencing side vs. the usage side, but if that were to be the case then it would be even better as a higher amount of tokens would be taken out of circulation for good.
Finally, as long as the company operates, the revenues will always represent a certain amount of money whereas this is not the case for profits which may not appear before years (e.g. during the first years, during an economic/business downturn, etc.). As an illustration, a company like Uber has seen vast increases in revenues since it launched but never made any profit! Therefore, the demand for the QNT token benefits from good resilience from that perspective.
Quant Network vs. QNT community — What proportion of the QNT distribution will each represent?
How much revenues can Overledger generate?I suggest we start with the basis of what the Quant Network business is about: connecting networks together, building new-generation hyper-decentralised apps on top (called “mApps”), and creating network effects.
Network effects are best defined by Metcalfe’s law which states: “the effect of a telecommunications network is proportional to the square of the number of connected users of the system” (Source: Wikipedia). This is illustrated by the picture below, which demonstrates the increasing number of possible connections for each new user added to the network. This was also recently discussed in a YouTube podcast by QNT community members “Luke” and “Ghost of St. Miklos” which you can watch here.
This means that, as Overledger continues to connect more and more DLTs of all types between themselves and also with legacy systems, the number of users (humans or machines) connected to this Network of Networks will grow substantially — and the number of possible connections between participants will in turn grow exponentially. This will increase the value of the network, and hence the level of fees associated with getting access to it. This forms the basis of expected, future revenue generation and especially in a context where Overledger remains unique as of today and embraced by many of the largest institutions in the world (see the detailed summary on the matter from community member “Seq” here).
On top of this network, multi-chain hyper-decentralised applications (‘mApps’) can be built — which are an upgrade to existing dApps that use only one chain at a time and hence only benefit from the user base and functionalities of the given chain. Overledger mApps can leverage on the users and abilities of all connected chains at the same time, horizontal scaling, the ability to write/move code in any language across chains as required, write smart contracts on blockchains that do not support them (e.g. Bitcoin), and provide easier connection to other systems. dApps have barely had any success so far, as discussed in my first article, but mApps could provide the market with the necessary tools to build applications that can complement or rival what can be found on the Apple or Google Play store.
Also, the flexibility of Overledger enables Quant Network to target a large number of industries and to connect them all together. A sample of use cases can be found in the following illustration:
It is to be noted that one of the use cases, namely the tokenisation of the entire world’s assets, represents a market worth hundreds of trillions of USD and that is not even including the huge amount of illiquid assets not currently traded on traditional Capital Markets which could benefit from the tokenisation process. More information on the topic can be found in my previous article fully focused on the potential of Overledger to capture value from the structural shift in the world’s assets and machine-related data/value transfers.
Finally, we can look at what well established companies with a similar technology profile have been able to achieve. Overledger is an Operating System for DLTs and legacy systems on top of which applications can be built. The comparison to Microsoft Windows and the suite of Microsoft Software running on top (e.g. Microsoft Office) is an obvious one from that perspective to gauge the longer term potential.
As you can see below, Microsoft’s flagship softwares such as Windows and Office each generate tens of billions of USD of revenues every year:
We can also look at Oracle, the second largest Enterprise software company in the world:
We can finally look at what the Apple store and the Google Play store generate, since the Quant Network “mApp store” for the community side of Overledger will look to replicate a similar business model with hyper-decentralised applications:
Source: Worldwide total revenue by app store, 2018 ($bn)
The above means total revenues of around USD 70bn in 2018 for the Apple store and Google Play store combined, and the market is getting bigger year-on-year! Also, again, these (indicative!) reference points for Overledger come in the context of the Community version of the system only, since the Enterprise version represents a separate set of verticals more comparable to the likes of Microsoft and Oracle which we just looked at.
ConclusionI hope this article helped shed further light on the QNT token and how the various market and business parameters will influence its behavior over time, as the Quant Network business is expected to grow exponentially in the coming years.
In the recent Forbes interview, Quant Network’s CEO (Gilbert Verdian) stated : “Our potential to grow is uncapped as we change and transform industries by creating a secure layer between them at speed. Our vision is to build a mass version of what I call an internet of trust, where value can be securely transferred between global partners not relying on defunct internet security but rather that of blockchain.”.
This is highly encouraging with regards to business prospects and also in comparison to what other companies have been able to achieve since the Web as we know it today emerged (e.g. Microsoft, Google, Apple, etc.). The Internet is now entering a new phase, with DLT technology at its core, and Overledger is set to be at the forefront of this new paradigm which will surely offer a vast array of new opportunities across sectors.
I believe it is an exciting time for all of us to be part of the journey, as long as any financial commitment is made with a good sense of responsibility and understanding of what success comes down to. “Crypto” is still immature in many respects, and the emergence of a dedicated regulatory framework combined with the expected gradual, selective entrance of institutional money managers will hopefully help shed further light and protect retail token holders from the misunderstandings, misinformation and misconduct which too many have suffered from in the last years.
Thanks for your time and interest.
First article: “The reasons why Quant Network (QNT) will rise to the Top of the crypto sphere in the coming months”
Second article: “The potential of Quant Network’s technology to capture value from the structural shift in the World’s assets and machine-related data/value transfers”
October 2019 City AM interview of Gilbert Verdian (CEO): Click here
October 2019 Blockchain Brad interview of Gilbert Verdian (CEO): Click here
July 2019 Blockchain Brad interview of Gilbert Verdian (CEO): Click here
February 2019 Blockchain Brad interview of Gilbert Verdian (CEO): Click here
About the original author of the article:
My name is David and I spent years in the Investment Banking industry in London. I hold QNT tokens and the above views are based on my own thoughts and research only. I am not affiliated with the Quant Network team in any way. This is not investment advice, please do your own research and understand what you are buying before doing so. It is also my belief that more than 90% of all other crypto projects will fail because what matters is what is getting adopted; please do not put more money at risk than you can afford to lose.
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