Cryptocurrency Prices, Charts And Market Capitalizations ...

NanoTrade

Welcome to [/NanoTrade](https://www.reddit.com/NanoTrade), the best subreddit to discuss price and speculation on the instant, feeless cryptocurrency Nano!
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r/IOTAmarkets

Welcome to IOTAmarkets! -- IOTA is a quantum-resistant distributed ledger protocol launched in 2015, focused on being useful for the emerging m2m economy of Internet-of-Things (IoT), data integrity, micro-/nano- payments, and anywhere else a scalable decentralized system is warranted. IOTA uniquely offers zero fees, no scaling limitations, and decentralized consensus where users are also validators. The digital currency 'iota' has a fixed money supply with zero inflationary cost.
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Graph - Visualizing Metcalfe's Law: The relationship between Bitcoin's market cap and the square of the number of transactions

Graph - Visualizing Metcalfe's Law: The relationship between Bitcoin's market cap and the square of the number of transactions submitted by ydtm to btc [link] [comments]

Bitcoin Gold (BTG) Price, (BTG) Graphs, (BTG) Market Cap, (BTG) Volume, and Other Metrics | PriceMyCoin

submitted by Cyberman27 to btg [link] [comments]

Does there exist a live graph of the market cap of all digital currencies? /r/Bitcoin

Does there exist a live graph of the market cap of all digital currencies? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Is there a graph that show the market cap of mayor cryptocoins? /r/Bitcoin

Is there a graph that show the market cap of mayor cryptocoins? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Graph - Visualizing Metcalfe's Law: The relationship between Bitcoin's market cap and the square of the number of transactions /r/btc

Graph - Visualizing Metcalfe's Law: The relationship between Bitcoin's market cap and the square of the number of transactions /btc submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Don't Panic & Remember to Always Look @ the Bigger Picture.

Don't Panic & Remember to Always Look @ the Bigger Picture. submitted by lakerz690 to CryptoCurrency [link] [comments]

Minimum Viable Issuance - Why Ethereum’s lack of a hard cap on ETH issuance is a good thing.

This post will explain how the argument used by the average Bitcoin maximalist, thinking that they have found Ethereum’s achilles heel when talking about issuance is actually highlighting one of Ethereum’s strong points and one of the main threats to the longevity of the Bitcoin network.
So first let’s answer the question which I know many people have about Ethereum:

What is Ethereum’s ETH issuance schedule?

Ethereum has an issuance policy of Minimum Viable Issuance. So what does this mean exactly? It means that the issuance of ETH will be as low as possible while also maintaining a sufficient budget to pay miners (and soon to be stakers) to keep the network secure. For example, if ETH issuance was halved, miners would drop off the network and stop mining as it is no longer profitable for them to mine. As a result, the network would be less secure as it would cost less money for an attacker to control 51% of the hash power and attack the network. This means that the Ethereum community plans to change ETH issuance as time goes on to maintain a reasonable security budget which will keep the network secure but will also keep inflation in check. We have done this twice in the past with EIP-649 and EIP-1234 which reduced block rewards from 5 ETH per block to 3 ETH and from 3 ETH to 2 ETH respectively. I previously made a graph of ETH issuance over time here: https://redd.it/it8ce7
So while Ethereum doesn’t have a strictly defined issuance schedule, the community will reject any proposals which either put the security of the network at risk such as the recent EIP-2878, or we will reject proposals which will lead to excessive network security and therefore an unnecessarily high inflation rate (or we will accept proposals which reduce issuance after price rises and therefore the security budget rises). This means that when Bitcoiners accuse the Ethereum Foundation of being no better than a central bank because they can “print more Ether”, this is completely untrue. Any proposals made by the EF which would increase issuance unnecessarily would be rejected by the community in the same way that a proposal to increase the supply of Bitcoin from 21 million to 22 million would be rejected. There is a social contract around both Bitcoin’s and Ethereum’s issuance schedules. Any networks or proposals which break the social contracts of 21 million Bitcoins and minimal viable issuance of Ether would be a breach of these contracts and the new proposed network would be labeled by the community as illegitimate and the original network would live on.

So why is minimum viable issuance better than a hard cap?

Minimum viable issuance is better than a hard cap because it puts the most important part of the network first - the security. MVI ensures that the Ethereum network will always have a security budget which keeps the cost of a 51% attack impractically high. Bitcoin on the other hand, halves its security budget every 4 years until eventually only the transaction fees pay for network security. This means that every 4 years, the amount of money paying for network security halves until eventually, the value of attacking the network becomes greater than the security budget and someone performs a 51% attack (technically the security budget only halves if terms of BTC not in dollars. However, even if the price of Bitcoin more than doubles in the time that the security budget halves, the ratio of security budget to value secured on the network still halves, doubling the financial viability of performing a network attack). The strategy to pay for the security budget once Bitcoin issuance stops is for transaction fees to secure the network since transaction fees are paid to miners. Not only does this have its own security problems which I won’t detail here, but unless Bitcoin scales on layer 1 (layer 2 scaling solutions have their own security mechanisms separate from L1), then fees would have to cost well in the thousands of dollars to secure a trillion dollar market cap Bitcoin that is secured by nothing but fees. If Bitcoin maximalists want a 10 trillion or 100 trillion dollar market cap then expect fees to go up another 10 or 100 times from there.
Ethereum on the other hand, will be able to keep its network secure with approximately 1-2% annual issuance being paid to stakers under ETH 2.0. This is because not all of the network will be staking, so if 33 million of the approximately 110 million Ether in existence stakes under ETH 2.0, then paying this 33 million Ether 6% a year (a very decent yield!) would cost just under 2 million ETH per year which would equate to less than 2% annual ETH inflation. This is also before considering EIP-1559 which will burn a portion of transaction fees which will counter the effect of this inflation and potentially even make ETH deflationary if the sum of all burned transaction fees are greater than the annual inflation. Also, under ETH 2.0, an attacker performing a 51% attack would get his funds slashed (they would lose their funds) if they attack the network, meaning that they can only perform a 51% attack once. However, in Bitcoin, anyone who controls 51% of the mining hash power could perform multiple 51% attacks without losing everything like they could in ETH 2.0.
So in conclusion, while Ethereum doesn’t have the guaranteed anti-inflation security of a hard cap, it does have the guarantee of always paying it’s miners (or stakers under ETH 2.0) enough to keep the network secure. In contrast, while Bitcoin’s social contract may guarantee a hard cap of 21 million, it cannot simultaneously guarantee network security in the long run. Eventually, its users will have to decide if they want a secure network with more than 21 million coins or a tax to pay for security or an insecure network with super high fees and a hard cap of 21 million Bitcoin.
Disclaimer: The details I covered around 51% attacks and network security are simplified. I am not an expert in this field and things are a lot more nuanced than I laid out in my simplifications above.
submitted by Tricky_Troll to ethfinance [link] [comments]

Minimum Viable Issuance - Why Ethereum’s lack of a hard cap on ETH issuance is a good thing.

This post will explain how the argument used by the average Bitcoin maximalist, thinking that they have found Ethereum’s achilles heel when talking about issuance is actually highlighting one of Ethereum’s strong points and one of the main threats to the longevity of the Bitcoin network.
So first let’s answer the question which I know many people have about Ethereum:

What is Ethereum’s ETH issuance schedule?

Ethereum has an issuance policy of Minimum Viable Issuance. So what does this mean exactly? It means that the issuance of ETH will be as low as possible while also maintaining a sufficient budget to pay miners (and soon to be stakers) to keep the network secure. For example, if ETH issuance was halved, miners would drop off the network and stop mining as it is no longer profitable for them to mine. As a result, the network would be less secure as it would cost less money for an attacker to control 51% of the hash power and attack the network. This means that the Ethereum community plans to change ETH issuance as time goes on to maintain a reasonable security budget which will keep the network secure but will also keep inflation in check. We have done this twice in the past with EIP-649 and EIP-1234 which reduced block rewards from 5 ETH per block to 3 ETH and from 3 ETH to 2 ETH respectively. I previously made a graph of ETH issuance over time here: https://redd.it/it8ce7
So while Ethereum doesn’t have a strictly defined issuance schedule, the community will reject any proposals which either put the security of the network at risk such as the recent EIP-2878, or we will reject proposals which will lead to excessive network security and therefore an unnecessarily high inflation rate (or we will accept proposals which reduce issuance after price rises and therefore the security budget rises). This means that when Bitcoiners accuse the Ethereum Foundation of being no better than a central bank because they can “print more Ether”, this is completely untrue. Any proposals made by the EF which would increase issuance unnecessarily would be rejected by the community in the same way that a proposal to increase the supply of Bitcoin from 21 million to 22 million would be rejected. There is a social contract around both Bitcoin’s and Ethereum’s issuance schedules. Any networks or proposals which break the social contracts of 21 million Bitcoins and minimal viable issuance of Ether would be a breach of these contracts and the new proposed network would be labeled by the community as illegitimate and the original network would live on.

So why is minimum viable issuance better than a hard cap?

Minimum viable issuance is better than a hard cap because it puts the most important part of the network first - the security. MVI ensures that the Ethereum network will always have a security budget which keeps the cost of a 51% attack impractically high. Bitcoin on the other hand, halves its security budget every 4 years until eventually only the transaction fees pay for network security. This means that every 4 years, the amount of money paying for network security halves until eventually, the value of attacking the network becomes greater than the security budget and someone performs a 51% attack (technically the security budget only halves if terms of BTC not in dollars. However, even if the price of Bitcoin more than doubles in the time that the security budget halves, the ratio of security budget to value secured on the network still halves, doubling the financial viability of performing a network attack). The strategy to pay for the security budget once Bitcoin issuance stops is for transaction fees to secure the network since transaction fees are paid to miners. Not only does this have its own security problems which I won’t detail here, but unless Bitcoin scales on layer 1 (layer 2 scaling solutions have their own security mechanisms separate from L1), then fees would have to cost well in the thousands of dollars to secure a trillion dollar market cap Bitcoin that is secured by nothing but fees. If Bitcoin maximalists want a 10 trillion or 100 trillion dollar market cap then expect fees to go up another 10 or 100 times from there.
Ethereum on the other hand, will be able to keep its network secure with approximately 1-2% annual issuance being paid to stakers under ETH 2.0. This is because not all of the network will be staking, so if 33 million of the approximately 110 million Ether in existence stakes under ETH 2.0, then paying this 33 million Ether 6% a year (a very decent yield!) would cost just under 2 million ETH per year which would equate to less than 2% annual ETH inflation. This is also before considering EIP-1559 which will burn a portion of transaction fees which will counter the effect of this inflation and potentially even make ETH deflationary if the sum of all burned transaction fees are greater than the annual inflation. Also, under ETH 2.0, an attacker performing a 51% attack would get his funds slashed (they would lose their funds) if they attack the network, meaning that they can only perform a 51% attack once. However, in Bitcoin, anyone who controls 51% of the mining hash power could perform multiple 51% attacks without losing everything like they could in ETH 2.0.
So in conclusion, while Ethereum doesn’t have the guaranteed anti-inflation security of a hard cap, it does have the guarantee of always paying it’s miners (or stakers under ETH 2.0) enough to keep the network secure. In contrast, while Bitcoin’s social contract may guarantee a hard cap of 21 million, it cannot simultaneously guarantee network security in the long run. Eventually, its users will have to decide if they want a secure network with more than 21 million coins or a tax to pay for security or an insecure network with super high fees and a hard cap of 21 million Bitcoin.
Disclaimer: The details I covered around 51% attacks and network security are simplified. I am not an expert in this field and things are a lot more nuanced than I laid out in my simplifications above.
submitted by Tricky_Troll to ethtrader [link] [comments]

Zano Newcomers Introduction/FAQ - please read!

Welcome to the Zano Sticky Introduction/FAQ!

https://preview.redd.it/al1gy9t9v9q51.png?width=424&format=png&auto=webp&s=b29a60402d30576a4fd95f592b392fae202026ca
Hopefully any questions you have will be answered by the resources below, but if you have additional questions feel free to ask them in the comments. If you're quite technically-minded, the Zano whitepaper gives a thorough overview of Zano's design and its main features.
So, what is Zano? In brief, Zano is a project started by the original developers of CryptoNote. Coins with market caps totalling well over a billion dollars (Monero, Haven, Loki and countless others) run upon the codebase they created. Zano is a continuation of their efforts to create the "perfect money", and brings a wealth of enhancements to their original CryptoNote code.
Development happens at a lightning pace, as the Github activity shows, but Zano is still very much a work-in-progress. Let's cut right to it:
Here's why you should pay attention to Zano over the next 12-18 months. Quoting from a recent update:
Anton Sokolov has recently joined the Zano team. ... For the last months Anton has been working on theoretical work dedicated to log-size ring signatures. These signatures theoretically allows for a logarithmic relationship between the number of decoys and the size/performance of transactions. This means that we can set mixins at a level from up to 1000, keeping the reasonable size and processing speed of transactions. This will take Zano’s privacy to a whole new level, and we believe this technology will turn out to be groundbreaking!
If successful, this scheme will make Zano the most private, powerful and performant CryptoNote implementation on the planet. Bar none. A quantum leap in privacy with a minimal increase in resource usage. And if there's one team capable of pulling it off, it's this one.

What else makes Zano special?

You mean aside from having "the Godfather of CryptoNote" as the project lead? ;) Actually, the calibre of the developers/researchers at Zano probably is the project's single greatest strength. Drawing on years of experience, they've made careful design choices, optimizing performance with an asynchronous core architecture, and flexibility and extensibility with a modular code structure. This means that the developers are able to build and iterate fast, refining features and adding new ones at a rate that makes bigger and better-funded teams look sluggish at best.
Zano also has some unique features that set it apart from similar projects:
Privacy Firstly, if you're familiar with CryptoNote you won't be surprised that Zano transactions are private. The perfect money is fungible, and therefore must be untraceable. Bitcoin, for the most part, does little to hide your transaction data from unscrupulous observers. With Zano, privacy is the default.
The untraceability and unlinkability of Zano transactions come from its use of ring signatures and stealth addresses. What this means is that no outside observer is able to tell if two transactions were sent to the same address, and for each transaction there is a set of possible senders that make it impossible to determine who the real sender is.
Hybrid PoW-PoS consensus mechanism Zano achieves an optimal level of security by utilizing both Proof of Work and Proof of Stake for consensus. By combining the two systems, it mitigates their individual vulnerabilities (see 51% attack and "nothing at stake" problem). For an attack on Zano to have even a remote chance of success the attacker would have to obtain not only a majority of hashing power, but also a majority of the coins involved in staking. The system and its design considerations are discussed at length in the whitepaper.
Aliases Here's a stealth address: ZxDdULdxC7NRFYhCGdxkcTZoEGQoqvbZqcDHj5a7Gad8Y8wZKAGZZmVCUf9AvSPNMK68L8r8JfAfxP4z1GcFQVCS2Jb9wVzoe. I have a hard enough time remembering my phone number. Fortunately, Zano has an alias system that lets you register an address to a human-readable name. (@orsonj if you want to anonymously buy me a coffee)
Multisig
Multisignature (multisig) refers to requiring multiple keys to authorize a Zano transaction. It has a number of applications, such as dividing up responsibility for a single Zano wallet among multiple parties, or creating backups where loss of a single seed doesn't lead to loss of the wallet.
Multisig and escrow are key components of the planned Decentralized Marketplace (see below), so consideration was given to each of them from the design stages. Thus Zano's multisig, rather than being tagged on at the wallet-level as an afterthought, is part of its its core architecture being incorporated at the protocol level. This base-layer integration means months won't be spent in the future on complicated refactoring efforts in order to integrate multisig into a codebase that wasn't designed for it. Plus, it makes it far easier for third-party developers to include multisig (implemented correctly) in any Zano wallets and applications they create in the future.
(Double Deposit MAD) Escrow
With Zano's escrow service you can create fully customizable p2p contracts that are designed to, once signed by participants, enforce adherence to their conditions in such a way that no trusted third-party escrow agent is required.
https://preview.redd.it/jp4oghyhv9q51.png?width=1762&format=png&auto=webp&s=12a1e76f76f902ed328886283050e416db3838a5
The Particl project, aside from a couple of minor differences, uses an escrow scheme that works the same way, so I've borrowed the term they coined ("Double Deposit MAD Escrow") as I think it describes the scheme perfectly. The system requires participants to make additional deposits, which they will forfeit if there is any attempt to act in a way that breaches the terms of the contract. Full details can be found in the Escrow section of the whitepaper.
The usefulness of multisig and the escrow system may not seem obvious at first, but as mentioned before they'll form the backbone of Zano's Decentralized Marketplace service (described in the next section).

What does the future hold for Zano?

The planned upgrade to Zano's privacy, mentioned at the start, is obviously one of the most exciting things the team is working on, but it's not the only thing.
Zano Roadmap
Decentralized Marketplace
From the beginning, the Zano team's goal has been to create the perfect money. And money can't just be some vehicle for speculative investment, money must be used. To that end, the team have created a set of tools to make it as simple as possible for Zano to be integrated into eCommerce platforms. Zano's API’s and plugins are easy to use, allowing even those with very little coding experience to use them in their E-commerce-related ventures. The culmination of this effort will be a full Decentralized Anonymous Marketplace built on top of the Zano blockchain. Rather than being accessed via the wallet, it will act more as a service - Marketplace as a Service (MAAS) - for anyone who wishes to use it. The inclusion of a simple "snippet" of code into a website is all that's needed to become part a global decentralized, trustless and private E-commerce network.
Atomic Swaps
Just as Zano's marketplace will allow you to transact without needing to trust your counterparty, atomic swaps will let you to easily convert between Zano and other cyryptocurrencies without having to trust a third-party service such as a centralized exchange. On top of that, it will also lead to the way to Zano's inclusion in the many decentralized exchange (DEX) services that have emerged in recent years.

Where can I buy Zano?

Zano's currently listed on the following exchanges:
https://coinmarketcap.com/currencies/zano/markets/
It goes without saying, neither I nor the Zano team work for any of the exchanges or can vouch for their reliability. Use at your own risk and never leave coins on a centralized exchange for longer than necessary. Your keys, your coins!
If you have any old graphics cards lying around(both AMD & NVIDIA), then Zano is also mineable through its unique ProgPowZ algorithm. Here's a guide on how to get started.
Once you have some Zano, you can safely store it in one of the desktop or mobile wallets (available for all major platforms).

How can I support Zano?

Zano has no marketing department, which is why this post has been written by some guy and not the "Chief Growth Engineer @ Zano Enterprises". The hard part is already done: there's a team of world class developers and researchers gathered here. But, at least at the current prices, the team's funds are enough to cover the cost of development and little more. So the job of publicizing the project falls to the community. If you have any experience in community building/growth hacking at another cryptocurrency or open source project, or if you're a Zano holder who would like to ensure the project's long-term success by helping to spread the word, then send me a pm. We need to get organized.
Researchers and developers are also very welcome. Working at the cutting edge of mathematics and cryptography means Zano provides challenging and rewarding work for anyone in those fields. Please contact the project's Community Manager u/Jed_T if you're interested in joining the team.
Social Links:
Twitter
Discord Server
Telegram Group
Medium blog
I'll do my best to keep this post accurate and up to date. Message me please with any suggested improvements and leave any questions you have below.
Welcome to the Zano community and the new decentralized private economy!
submitted by OrsonJ to Zano [link] [comments]

Lines of Navigation | Monthly Portfolio Update - July 202

Our little systems have their day;
They have their day and cease to be
- Tennyson, In Memoriam A.H.H.
This is my forty-fourth portfolio update. I complete this update monthly to check my progress against my goal.
Portfolio goal
My objective is to reach a portfolio of $2 180 000 by 1 July 2021. This would produce a real annual income of about $87 000 (in 2020 dollars).
This portfolio objective is based on an expected average real return of 3.99 per cent, or a nominal return of 6.49 per cent.
Portfolio summary
Total portfolio value: $1 800 119 (+$34 376 or 1.9%)
Asset allocation
Presented visually, below is a high-level view of the current asset allocation of the portfolio.
[Chart]
Comments
The portfolio has substantially increased this month, continuing the recovery in portfolio value since March.
The strong portfolio growth of over $34 000, or 1.9 per cent, returns the value of the portfolio close to that achieved at the end of February this year.
[Chart]
This month there was minimal movement in the value of Australian and global equity holdings, There was, however, a significant lift of around 6 per cent in the value of gold exchange traded fund units, as well as a rise in the value of Bitcoin holdings.
These movements have pushed the value of gold holdings to their highest level so far on the entire journey. Their total value has approximately doubled since the original major purchases across 2009 to 2015.
For most of the past year gold has functioned as a portfolio stabiliser, having a negative correlation to movements in Australian equities (of around -0.3 to -0.4). As low and negative bond rates spread across the world, however, the opportunity cost of holding gold is reduced, and its potential diversification benefits loom larger.
The fixed income holdings of the portfolio also continued to fall beneath the target allocation, making this question of what represents a defensive (or negatively correlated to equity) asset far from academic.
This steady fall is a function of the slow maturing of Ratesetter loans, which were largely made between 2015 and 2017. Ratesetter has recently advised of important changes to its market operation, and placed a fixed maximum cap on new loan rates. By replacing market set rates with maximum rates, the peer-to-peer lending platform appears to be shifting to more of a 'intermediated' role in which higher past returns (of around 8 to 9 per cent) will now no longer be possible.
[Chart]
The expanding value of gold and Bitcoin holdings since January last year have actually had the practical effect of driving new investments into equities, since effectively for each dollar of appreciation, for example, my target allocation to equities rises by seven dollars.
Consistent with this, investments this month have been in the Vanguard international shares exchange-traded fund (VGS) using Selfwealth. This has been directed to bring my actual asset allocation more closely in line with the target split between Australian and global shares.
Fathoming out: franking credits and portfolio distributions
Earlier last month I released a summary of portfolio income over the past half year. This, like all before it, noted that the summary was prepared on a purely 'cash' basis, reflecting dividends actually paid into a bank account, and excluding consideration of franking credits.
Franking credits are credits for company tax paid at the company level, which can be passed to individual shareholders, reducing their personal tax liability. They are not cash, but for a personal investor with tax liabilities they can have equivalent value. This means that comparing equity returns to other investments without factoring these credits can produce a distorted picture of an investor's final after-tax return.
In past portfolio summaries I have noted an estimate for franking credits in footnotes, but updating the value for this recently resulted in a curiosity about the overall significance of this neglected element of my equity returns.
This neglect resulted from my perception earlier in the journey that they represented a marginal and abstract factor, which could effectively be assumed away for the sake of simplicity in reporting.
This is not a wholly unfair view, in the sense that income physically received and able to be spent is something definably different in kind than a notional 'pre-payment' credit for future tax costs. Yet, as the saying goes, because the prospect of personal tax is as certain as extinction from this world, in some senses a credit of this kind can be as valuable as a cash distribution.
Restoring the record: trends and drivers of franking credits
To collect a more accurate picture of the trends and drivers of franking credits I relied on a few sources - tax statements, records and the automatic franking credit estimates that the portfolio tracking site Sharesight generates.
The chart below sets out both the level and major different sources of franking credits received over the past eleven years.
[Chart]
From this chart some observations can be made.
The key reason for the rapid growth over the recent decade has been the increased investment holdings in Australian equities. As part of the deliberate rebalancing towards Australian shares across the past two years, these holdings have expanded.
The chart below sets out the total value of Australian shares held over the comparable period.
[Chart]
As an example, at the beginning of this record Australian equities valued at around $276 000 were held. Three years later, the holding were nearly three times larger.
The phase of consistently increasing the Australian equities holding to meet its allocated weighting is largely complete. This means that the period of rapid growth seen in the past few years is unlikely to repeat. Rather, growth will revert to be in proportion to total portfolio growth.
Close to cross-over: the credit card records
One of the most powerful initial motivators to reach financial independence was the concept of the 'cross over' point in Vicki Robins and Joe Dominguez's Your Money or Your Life. This was the point at which monthly expenses are exceeded by investment income.
One of the metrics I have traced is this 'cross-over' point in relation to recorded credit card expenses. And this point is now close indeed.
Expenditures on the credit card have continued their downward trajectory across the past month. The three year rolling average of monthly credit card spending remains at its lowest point over the period of the journey. Distributions on the same basis now meet over 99 per cent of card expenses - with the gap now the equivalent of less than $50 per month.
[Chart]
The period since April of the achievement of a notional and contingent form of financial independence has continued.
The below chart illustrates this temporary state, setting out the the extent to which to which portfolio distributions (red) cover estimated total expenses (green), measured month to month.
[Chart]
An alternative way to view the same data is to examine the degree to which total expenses (i.e. fixed payments not made on credit card added to monthly credit card expenses) are met by distributions received.
An updated version of this is seen in the chart below.
[Chart]
Interestingly, on a trend basis, this currently identifies a 'crossing over' point of trend distributions fully meeting total expenditure from around November 2019. This is not conclusive, however, as the trend curve is sensitive to the unusual COVID-19 related observations of the first half of this year, and could easily shift further downward if normal expense patterns resume.
One issue this analysis raises is what to do with the 'credit card purchases' measure reported below. This measure is designed to provide a stylised benchmark of how close the current portfolio is to a target of generating the income required to meet an annual average credit card expenditure of $71 000.
The problem with this is that continued falling credit card spending means that average credit card spending is lower than that benchmark for all time horizons - measured as three and four year averages, or in fact taken as a whole since 2013. So the set benchmark may, if anything, be understating actual progress compared the graphs and data above by not reflecting changing spending levels.
In the past I have addressed this trend by reducing the benchmark. Over coming months, or perhaps at the end of the year, I will need to revisit both the meaning, and method, of setting this measure.
Progress
Progress against the objective, and the additional measures I have reached is set out below.
Measure Portfolio All Assets
Portfolio objective – $2 180 000 (or $87 000 pa) 82.6% 111.5%
Credit card purchases – $71 000 pa 100.7% 136.0%
Total expenses – $89 000 pa 80.7% 109.0%
Summary
One of the most challenging aspects of closing in on a fixed numerical target for financial independence with risk assets still in place is that the updrafts and downdrafts of market movements can push the goal further away, or surprisingly close.
There have been long period of the journey where the total value of portfolio has barely grown, despite regular investments being made. As an example, the portfolio ended 2018 lower than it started the year. The past six months have been another such period. This can create a sense of treading water.
Yet amidst the economic devastation affecting real lives and businesses, this is an extremely fortunate position to be in. Australia and the globe are set to experience an economic contraction far more severe than the Global Financial Crisis, with a lesser capacity than previously for interest rates to cushion the impact. Despite similar measures being adopted by governments to address the downturn, it is not clear whether these are fit for purpose.
Asset allocation in this environment - of being almost suspended between two realities - is a difficult problem. The history of markets can tell us that just when assets seem most 'broken', they can produce outsized returns. Yet the problem remains that far from being surrounded by broken markets, the proliferation appears to be in bubble-like conditions.
This recent podcast discussion with the founder of Grant's Interest Rate Observer provided a useful historical context to current financial conditions this month. One of the themes of the conversation was 'thinking the unthinkable', such as a return of inflation. Similar, this Hoover Institute video discussion, with a 'Back from the future' premise, provides some entertaining, informed and insightful views on the surprising and contingent nature of what we know to be true.
Some of our little systems may well have had their day, but what could replace them remains obscured to any observer.
The post, links and full charts can be seen here.
submitted by thefiexpl to fiaustralia [link] [comments]

Don't Fight the Trend (Sidenote - Fuck r/investing)

TF, like these corn balls out here removing posts that have any bit of a bear thesis? lmao
Getting to the point of my post, The Trend is Down....
Compiling data of closing points every two weeks from the start of 2020, each of the indexes are down-trending for the year & Bitcoin as well. Now the graphs which I've attached here hold little/next to no weight when looking for an indication on what position to take/when, but it's a piece of the puzzle when talking about the outlook for 2020.
Another piece to the puzzle, since that 'judgement day' post (referencing something I posted 3 weeks ago on investing, would link but that got removed along with my post on april 19th warning the clowns in there that they shouldn't be buying into USO/investing in oil lmfao); we have seen 6 green trading days & 9 red trading days on the S&P, signaling to me that investors are favoring selling in the 280-295 range much more so than buying. While the S&P has rallied above 290 on the back of NASDAQ/MAGA movement, it hasn't broken into/through this range with any conviction at all, it's actually forming a head and shoulder top in the trading range - seen here.
Further Dissecting the SPY - Price action is currently bouncing between the 50 & 200 EMA (EMA is quite significant as it weighs the price around volume traded, while SMA's simply calculate based on closing price day-to-day.) Friday's close placed us right under the 200 EMA (I view it as the ceiling currently.) and would point to downside come open market on monday (tomorrow.) *At the time of this post, futures opened with a gap down to 291 and has bounced back up to test this 2940 resistance. Will they push it above for a proper bull break before US markets open? Perhaps, maybe the bulls get their 300 touch; However, I see the indicators hinting to downside more convincing atm.*
Further DD of 'leading indicators' when looking at ST trends (DXY, BTC, XLF) -
XLF - (4Hr chart, rather than daily.) The Financial sector has been getting absolutely SLAMMED, like seriously, its almost worse than the beatdowns the small-caps have been receiving. Imo, this questionable performance from the financial sector says A LOT when considering investor uncertainty at the moment. On the four hour, this sector is currently bouncing between the 50 & 200 EMA's as they pinch closer together; which you could say is bullish, however, any and all uptrends on the chart have been broken & it leaves the financials out in no mans land (bearish.) It's currently pressed against it's 'LT' downtrend line (Established in early January after COVID was 'open public info'.) and made a double top rejection off of 23.70.
BTC- Touched 10k & crashed over 10% this weekend. As seen in the first screenshot I attached, BTC has been trading almost side by side with the general markets (Most reflective when looking at the S&P or NASDAQ.) I believe this to be a leading indicator of downside ahead similarly to how it was a leading indicator in mid-march when gauging 'how much downside was left in the markets.'
DXY - Key when considering short term deflation/inflation of assets. Has broken out above an immense resistance & has been confirming this as new support (people are hoarding cash, much more than they're spending, contrary to popular belief; I wont comment much tho, because tracking the DXY can get complex quick. We're taking it at face value here.) Watch for another major breakout (Would signify people hoarding cash, most likely stocks are getting liquidated at that same time. Comparing the timeline of the last breakout, March 9th- March 20th, this was the same timeline which the S&P took its major leg down from 300-220.)
TLDR - Stonks do go down, they've been maxing out for the last three weeks & deflation is around the corner. Positions - Heavy SPXU & SQQQ positions, AMD $46p May 22nd/ $40p June 5th, XLF $20.5p May 22th, MGM $10p June 5th
submitted by EXLR8_Reddit to wallstreetbets [link] [comments]

Weekly Update: 2gether has 40k users, $BOMB on Uniswap, Ghost data service, Constellation State of the Union…– 5 Jun - 11 Jun'20

Weekly Update: 2gether has 40k users, $BOMB on Uniswap, Ghost data service, Constellation State of the Union…– 5 Jun - 11 Jun'20
Hey everyone! This is Part IV of VI from our May-June update catchup series (5 Jun - 11 Jun'20):

Yosma's Cheerful Cassowary beat Eva's Bright Beetle in a quick finale to win this week's Parena which had a massive $PAR pot thanks to a generous donation from Tony. Gamer Boy’s “Random Gk” and “Renewal from January” quizzes in Tiproom were fun as always. Plus, there were 10k $PAR in prizes. Cool! Charlotte’s “Mega Trivia” got everyone scratching their heads. CoD Mobile gamers were in for an epic time this week with Tavo hosting a tournament with a 3k $PAR pot in the Parachute War Zone. Two-for-Tuesday slid into the "rap, reggae and reggaeton" mode this week. Click here to listen to the playlist. Thanks Sebastian for setting it up! If you have been around for a while, you’ll know that Clinton’s charity, For Living Independence, does some amazing work. So the next time you shop on Amazon, don’t forget to show some love though AmazonSmile.
Cap and crew made their voices heard in NYC this week in solidarity with George Floyd
Congratulations to 2gether for crossing the 40k user mark this week. A new way for account top ups was introduced as well. This week’s CEO email covers news on the latest UX and the 2GT token. Youtuber Funontheride featured the email in his video. Filippo Angeloni covered the latest updates in his newest video as well. Founder Savador Casquero wrote about crypto staking in an Investing.com article. MakerDAO covered the 2gether card in its blog post on crypto debit cards. Following the XIO dApp update from last week, Citizens brainstormed about the UI this week. Citizens also talked about some of their contrarian beliefs in crypto. Bomb community started a Uniswap rewards program. Voyager raised USD 2.1M through a private placement from investors such as Streamlined Ventures, Susquehanna, Market Rebellion etc. Their stock has seen some enormous growth this year too. CEO Stephen Ehrlich shared his thoughts on the crypto market in a recent Bloomberg article. The team also took inputs from the community on which crypto to list next. John McAfee announced a Ghost cell phone data service to be released in September. Check out how the eSIM will work from the sneak peek video. The list of supported phones is mentioned here. And hope you had good fun in ParJar Gaming while winning some cool $ESH. A new set of upgrades were pushed to the Fantom Wallet. For the latest technical update on the project, click here. This week, I also wrote a Hackernoon article (with my co-author Rohit) exploring projects which had unique variations to Proof-of-Stake for their chain consensus. Among the projects featured were Fantom, COTI and Harmony. Jeff from Uptrennd will be speaking at the LA Blockchain Summit in October this year. The winners of the Blockchain Awards were announced. The newest Opacity release allows expired accounts to be revived within 2 months of expiry.
Fantom, Harmony and COTI take up a tiny but growing slice in the global staking pie
Catch up on the latest District0x weekly update and dev update from here and here respectively. The Q1 2020 report was released as well. The project is still sitting on a healthy crypto asset base of USD 4M+. Hydro team shared a guide to choosing a prepaid debit card program manager. Their PaaS report was also covered by Finovate this week. A new research page for featuring all of Hydro’s fintech research material was released. The successful applicants of the Project Hydro Decentralization Ambassador Program (which started in May) were voted upon this week and 7 DAs were elected. Silent Notary, Ubikiri and IDL integrations were completed this week with Silent Notary now appearing in Applications section of Ubikiri. A roundup of the latest updates was published as well. Sentivate founder Thomas Marchi sat down for an interview with MineYourBiz Monday’s NrdGrl007. Mycro announced that Chaia.io will be hosting a campaign on the Mycro Hunter App soon. SelfKey’s Data Breach compendium was updated this week. And if you’re a Product Designer looking for remote work, don’t forget to check out this opening at SelfKey. What next for Constellation? Watch the Constellation Network State of The Union to find out. Their educational group Startdust Collective made a brand video and a high level explainer article on the HyperGraph Transport Protocol. Pynk is thinking about doing a global crowdfunding campaign as opposed to one that is restricted to certain countries only. In light of this, the Pynk Crowd Wisdom was put to work to find out the best way to go about this.
Results of the Project Hydro DA Elections
Wibson’s latest app update was covered by Cointelegraph and Europe World News. Click here to catch up on this week’s detailed work thread from the Harmony project. A recent Harmony ecosystem is the SmartStake dashboard to check staking stats. Sprout Wallet now supports core utilities of HRC20 tokens. The team sat down for an AMA with Binance India and KuCoin this week. Next week they will be doing another AMA with the larger Binance community. Some insights about the Harmony grants were shared in this week’s community call. Read up on Intellishare founder Raymond Xiong’s thoughts on DAOs which he shared as part of a speaker panel at the 2020 Digital Innovation Project Exchange Conference. The team also published a post on how they aim to solve the DeFi congestion. The TestNet is expected to arrive soon as well. After the latest livestream of DI-RECT’s concert which saw ~10k attendees, GET Protocol announced that they will be facilitating tickets to the follow-up show as well. A recap of the COTI journey was published to mark the one-year anniversary of the project and the occasion was celebrated with a fun trivia. DoYourTip community voted to have liquidity rewards for pooling $DYT on Uniswap.

And with that, it’s a wrap! See you again with another update. Ciao!
submitted by abhijoysarkar to ParachuteToken [link] [comments]

dxDAO aims to power DeFi protocols through decentralized governance

I found this article on internet. It's repost of it to help educate people about all DXDao advantages:
These are positive and necessary steps for DeFi. The new governance structures are intended to help coordinate across community stakeholders and make better decisions. These dynamics are influenced by the issues covered in Dose of DeFi, but I believe they deserve their own focused analysis.
Govern This aims to educate token holders and make them better voters. Emphasis will be placed on specific governance proposals and relaying community governance discussions on forums and weekly calls.
Governance is a coordination technology that has helped countries and companies build more than the sum of their parts. Blockchains are also a coordination technology, but for computers, not humans***.*** Govern This will track the development of the melding of these two over the coming years.
Like governance, Govern This is a work in progress. I would appreciate any feedback on format, topics covered or any other suggestions to make the newsletter better. Just hit reply.
The first issue of Govern This is below. Please click here to subscribe.
Thanks for reading,
Chris
📷
dxDAO aims to power DeFi protocols through decentralized governance
Gnosis launched a long-awaited DEX last week with batched auctions for low-liquidity trade pairs. The front-end, Mesa.Eth.Link is owned and operated by dxDAO, a decentralized collective that hopes to power other DeFi protocols.
While dYdX does not have any specific governance plans (yet), this tweet from dYdX founder Antonio Juliano is a common approach to governance.
📷Antonio Juliano @AntonioMJuliano3) 0x should focus less on governance in the short term. It’s way more important to first build something with a large amount of adoption that’s worth governing
December 6th 2018
3 Retweets62 Likes
The tweet at the end of 2018 was in response to 0x and its native token, ZRX. The project was popular but the token had no use case outside of governance.
This governance strategy – build now, decentralize later – is widely accepted in the space and is perhaps best exemplified by the A16Z’s Jesse Walden’s post, “Progressive Decentralization: A Playbook for Building Crypto Applications”, which the A16Z-backed Compound has essentially implemented (more in the section below).
dxDAO, on the other hand, maintains that decentralization must come at the beginning or else the core team and investors will have an outsized influence on the project in formal (token voting) or informal ways (dictators for life).
Background
dxDAO was launched in May 2019, spun out of a collaboration between Gnosis and DAOstack over managing the DutchX platform. dxDAO’s key governance design is separating financial rights to the DAO (DXD) from voting power over the DAO (Reputation). It used an Edgeware-style lock drop to distribute reputation to stakeholders in May of last year. Any user could lock up ETH or an accepted ERC-20 for a month and receive Reputation, which are voting rights in dxDAO, even though it is not a token and cannot be transferred.
Over 400 unique Ethereum addresses participated in the distribution scheme. Gnosis went through a pretty extensive process in July 2019 to “step back” from its involvement in the DAO, and since then, the community and dxDAO have aligned behind a mission of “putting the ‘De’ in Decentralized Finance”.
Following on last week’s launch of Mesa.ETH.Link, dxDAO is conducting a fundraiser or (“DAICO”?) to help fund its new slate of DeFi products, including a prediction market platform (Omen) and a privacy-centric DeFi dashboard (Mix).
Project launch is typically when a project is most centralized. Execution is hard and direction and accountability are important. dxDAO’s approach will be an interesting counterexample to the “decentralize later” trend and may provide insight into new governance strategies.
Click here for more information about the dxDAO fundraiser.
Here’s what is on the dxDAO docket this week:
Compound governance goes live, has it found Market-Protocol-Fit?
Since its founding in 2017, Compound has executed with an almost flawless record: no bugs/hacks, a major protocol upgrade and a big name fundraise (twice).
But all of that has been because Compound, the company, has executed well, but can protocol development and the growth of the platform be sustained with community management? We shall see.
Compound’s governance system could not be simpler. Anyone with at least 1% of COMP can submit a proposal of executable code. COMP holders have a 3 day voting period; the proposal passes with a majority of token votes AND a 4% quorum of all COMP tokens.
The 1% minimum for proposal submission is a good anti-Sybil mechanism but it greatly limits participation by small users. There is delegation, so you could imagine a “proposal petition” where you would delegate your COMP to a proposal instead of signing your name.
Compound is clearly taking the “less governance is the best governance” approach. This has worked surprisingly well with Bitcoin and Ethereum, which of course, do not have any formal governance, but those communities clearly have informal governance systems that make decisions.
The biggest governance question for Compound: who is the community?
Market-Protocol-Fit
Other Internet has an intriguing essay on the emergent order from new blockchain tokens and their communities. It is worth a read. It discusses the emergent iteration that blockchains – as a technology and a community – go through to find a niche, both in culture and product.
While it focuses on base-layer blockchains that launch with a token, the essay underscores the most underrated governance element: token distribution. It quotes an insightful tweet from Eric Wall
📷Eric Wall @ercwlA question that keeps me up at night: Is it possible to create a rubbish coin based on advanced bullshit, build a community of misguided fans nevertheless, run it centralized for 5 yrs, hardfork-copy the design of a real working project, keep the community and become a success?
keysheet @keysheet
@ErcWll was one of the first vocal critics of IOTA back in 2017, shortly before the project hit a market cap of $15B. https://t.co/2267e8LEpl Today, the project is down 99% and appears to be brutally falling apart. A thread:
February 13th 2020
17 Retweets163 Likes
Before Bitcoin could harden its code and find ‘Digital Gold’ and before Ethereum found ‘DeFi’ and ships ETH2.0, both needed to find a “a strong community of believers” in order to create a “virtuous cycle between headless brands and infrastructural build-out to progressively realize [their] initial promise.”
Communities are connected through a wide spread token distribution, Bitcoin through cypherpunks and online drugs and Ethereum through a global ICO (what Teo Leibowitz called “The Immaculate ICO”).
$COMP distribution
The biggest “news” has been details about $COMP distribution:
There are no explicit plans yet, but the widely held assumption is that the COMP distribution will be determined by the interest earned and paid by users on the protocol since its inception. This is a clever way that only incentivizes more use of the protocol and is hard to game because interests accrues over time.
But the question still remains, what will the COMP community look like and what values will it espouse? Can emergent cultures arise out of Silicon Valley too?
Here’s what is on the Compound docket this week:
Maker and wBTC, a test case for the MIP process
While Maker had planned to spend Q2 moving forward with their upgraded governance process, most of its focus has been on restoring the Dai peg.
For more on how the Maker governance process has expanded outside the core community, check out the previous edition of Govern This.
Here’s what is on the Maker docket this week:
Governance and Risk meeting (April 23)
Single Collateral Dai shutdown – the process has begun. A poll passed with May 12 as the official SCD shutdown. Just yesterday, an executive just passed yesterday to make the MKR oracle fee-less, which will help with migration. Many in the community think the migration of debt from SCD will do more than enough to restore the peg.
13 MIPs and 2 sub proposals – Core to the new Maker governance process is the “Maker Improvement Proposals (MIPs), which are modeled off of BIPs (for Bitcoin) and EIPs (for Ethereum). The two sub-proposals are to appoint the Smart Contracts Team and assign Charles St. Louis as the MIP editor.
The 13 MIPs are listed below:
- MIP1 (Maker Governance Paradigms)- MIP2 (Launch Period)- MIP3 (Governance Cycle)- MIP4 (MIP Amendment and Removal Process)- MIP5 (Emergency Voting System)- MIP6 (Collateral Onboarding Form/Forum Template)- MIP7 (Onboarding and Offboarding Domain Teams for Collateral Onboarding)- MIP8 (Domain Greenlight)- MIP9 (Community Greenlight)- MIP10 (Oracle Management)- MIP11 (Collateral Onboarding General Risk Model Management)- MIP12 (Collateral and Risk Parameter Management)
By and large, the MIPs codify many of the informal Maker governance processes. There is currently a request for comments period (MIP forum) and there will be an informal poll on Monday, April 27 on whether to proceed with the 13 MIPs and 2 sub proposals. If it’s a “Yes”, than an executive for an official ratification vote would start on May 1 and lasts for 4 days. If it passes, the official governance cycle will begin and the rest of the MIPs will likely be approved from May 4 – 6.
Other Governing Things
That’s it! Feedback definitely appreciated. Just hit reply. Written in Brooklyn where it rained all day. No euchre today, but yesterday was epic.
Govern This is written by Chris Powers. Opinions expressed are my own. All content is for informational purposes and is not intended as investment advice.
submitted by yaroslav_karpov to CryptoMoonShots [link] [comments]

DeFi Token REN Boosted With 10,000 BTC Tokenized On RenBTC

DeFi Token REN Boosted With 10,000 BTC Tokenized On RenBTC

Ren Is The Second Most Popular Method For Bitcoin Tokenization
Shortly after the news that $449M worth of Bitcoin are held on the Ethereum blockchain, one of the inter-blockchain liquidity leaders – RenBTC, marked another milestone. According to data, RenBTC, which is the second most popular method of Bitcoin tokenization, reached 10,000 BTC locked on Ethereum's network (see graph below).
The data is from August 17, but at the time of writing, statistic shows that there was a drop, with current supply of locked tokens on the ETH network being 8,329 BTC. Total current market value is equal to $98,270,860.
Source: Btconethereum
However, the gap between RenBTC and the current leader in tokenizing Bitcoin for use with DeFi protocols, WrappedBTC (wBTC) is still very significant. Looking at current data, wBTC is at 29,063 BTCs on the Ethereum network, with market value of $342,912,825 as of today.
In just one week, RenVM’s total value locked (TVL) indicator surged over two times to reach a value of $175 million, according to data from Defipulse. Also, RenVM’s native token – REN – also saw a massive boost in its price, gaining 245% since the start of August. REN started the month at $0.16065 and reached an all-time high of $0.566408 just 18 days later with exponential growth in trading volumes. Currently, it is the 35th-largest cryptocurrency аccording to CoinMarketCap, trading at $0.529359.
Source: Defi Pulse
The recent REN price surge indicates that more investors are researching the option to put their BTC possessions into more profitable projects. As Cryptobrowser.io reported this Monday, Bitcoin tokenization platforms combined together were responsible for over 38,000 BTC locked on Ethereum’s blockchain. The total amount as of today is now 43,354 BTC, which is valued at over $513 million.
The exponential increase in Bitcoin tokenization created a rivalry between Bitcoin maximalists and Ethereum supporters about the total amount of tokenized BTC on Ethereum’s network. Blockstream’s CSO Samson Mow really sparked a flame on a podcast show, hosted by Peter McCormack. In the podcast, featuring the co-founder of Ethereum, Vitalik Buterin, Mow stated that tokenized Bitcoin only proves that the Ethereum ecosystem needs Bitcoin.
“The whole reason that Bitcoin is staying wrapped to be used on Ethereum is that it is stable and reliable. That's why it seems to be Ethereans prefer using wrapped Bitcoin to Ether to do their DeFi stuff.”, Mow added.
Mow’s stance received a wave of negativism, with YouTube channels like Bankless calling Mow’s statement a “blatant lie”. In a response video, the hosts behind Bankless noted that Bitcoin struggles with the same scaling and transaction fees problems as Ethereum, and the only way to tackle the scaling issue for Bitcoin is to be tokenized on Ethereum’s blockchain. Many Ethereum fans also critiqued Samson Mow and reportedly turned off the podcast.
submitted by Crypto_Browser to CryptoBrowser_EN [link] [comments]

Default English word list

Alright so, I took the default database from there https://skribbliohints.github.io/ and with the help of html, I extracted the words to a list separated by commas. It's useful when you want to translate those words into your native language.
Word of advice, when using google translate, do not put all words at once there, it can rapidly worsen the translation.
(And there is a last thing. Their algorithm of picking only custom words is not working really good, at least for me. Meaning that I often get duplicates, despite having a list this big and without duplicates. I'm still trying to find some solution to this, so if somebody is experiencing this as well, share the knowledge please, I will do the same.)
SOLUTION: Thanks for the reply from PepegaWR who identified the cause. I also tested it and there seems to be a custom words limit of 5000 characters. The easiest way in my opinion is to shuffle the words before each session to minimize the impact. Also thanks to the flynger who had the same idea before me :)
Finally, here it is, enjoy the scribbling ^^ :

ABBA, AC/DC, Abraham Lincoln, Adidas, Africa, Aladdin, America, Amsterdam, Android, Angelina Jolie, Angry Birds, Antarctica, Anubis, Apple, Argentina, Asia, Asterix, Atlantis, Audi, Australia, BMW, BMX, Bambi, Band-Aid, Barack Obama, Bart Simpson, Batman, Beethoven, Bible, Big Ben, Bill Gates, Bitcoin, Black Friday, Bomberman, Brazil, Bruce Lee, Bugs Bunny, Canada, Capricorn, Captain America, Cat Woman, Cerberus, Charlie Chaplin, Chewbacca, China, Chinatown, Christmas, Chrome, Chuck Norris, Colosseum, Cookie Monster, Crash Bandicoot, Creeper, Croatia, Cuba, Cupid, DNA, Daffy Duck, Darwin, Darwin Watterson, Deadpool, Dexter, Discord, Donald Duck, Donald Trump, Dora, Doritos, Dracula, Dumbo, Earth, Easter, Easter Bunny, Egypt, Eiffel tower, Einstein, Elmo, Elon Musk, Elsa, Eminem, England, Europe, Excalibur, Facebook, Family Guy, Fanta, Ferrari, Finn, Finn and Jake, Flash, Florida, France, Frankenstein, Fred Flintstone, Gandalf, Gandhi, Garfield, Germany, God, Goofy, Google, Great Wall, Greece, Green Lantern, Grinch, Gru, Gumball, Happy Meal, Harry Potter, Hawaii, Hello Kitty, Hercules, Hollywood, Home Alone, Homer Simpson, Hula Hoop, Hulk, Ikea, India, Intel, Ireland, Iron Giant, Iron Man, Israel, Italy, Jack-o-lantern, Jackie Chan, James Bond, Japan, JayZ, Jenga, Jesus Christ, Jimmy Neutron, John Cena, Johnny Bravo, KFC, Katy Perry, Kermit, Kim Jong-un, King Kong, Kirby, Kung Fu, Lady Gaga, Las Vegas, Lasagna, Lego, Leonardo DiCaprio, Leonardo da Vinci, Lion King, London, London Eye, Luigi, MTV, Madagascar, Mario, Mark Zuckerberg, Mars, McDonalds, Medusa, Mercedes, Mercury, Mexico, Michael Jackson, Mickey Mouse, Microsoft, Milky Way, Minecraft, Miniclip, Minion, Minotaur, Mona Lisa, Monday, Monster, Mont Blanc, Morgan Freeman, Morse code, Morty, Mount Everest, Mount Rushmore, Mozart, Mr. Bean, Mr. Meeseeks, Mr Bean, Mr Meeseeks, Mummy, NASCAR, Nasa, Nemo, Neptune, Netherlands, New Zealand, Nike, Nintendo Switch, North Korea, Northern Lights, Norway, Notch, Nutella, Obelix, Olaf, Oreo, Pac-Man, Paris, Patrick, Paypal, Peppa Pig, Pepsi, Phineas and Ferb, Photoshop, Picasso, Pikachu, Pink Panther, Pinocchio, Playstation, Pluto, Pokemon, Popeye, Popsicle, Porky Pig, Portugal, Poseidon, Pringles, Pumba, Reddit, Rick, Robbie Rotten, Robin Hood, Romania, Rome, Russia, Samsung, Santa, Saturn, Scooby Doo, Scotland, Segway, Sherlock Holmes, Shrek, Singapore, Skittles, Skrillex, Skype, Slinky, Solar System, Sonic, Spain, Spartacus, Spiderman, SpongeBob, Squidward, Star Wars, Statue of Liberty, Steam, Stegosaurus, Steve Jobs, Stone Age, Sudoku, Suez Canal, Superman, Susan Wojcicki, Sydney Opera House, T-rex, Tails, Tarzan, Teletubby, Terminator, Tetris, The Beatles, Thor, Titanic, Tooth Fairy, Tower Bridge, Tower of Pisa, Tweety, Twitter, UFO, USB, Uranus, Usain Bolt, Vatican, Vault boy, Velociraptor, Venus, Vin Diesel, W-LAN, Wall-e, WhatsApp, William Shakespeare, William Wallace, Winnie the Pooh, Wolverine, Wonder Woman, Xbox, Xerox, Yin and Yang, Yoda, Yoshi, Youtube, Zelda, Zeus, Zorro, Zuma, abstract, abyss, accident, accordion, ace, acid, acne, acorn, action, actor, addiction, addition, adorable, adult, advertisement, afro, afterlife, air conditioner, airbag, aircraft, airplane, airport, alarm, albatross, alcohol, alien, allergy, alley, alligator, almond, alpaca, ambulance, anaconda, anchor, angel, anglerfish, angry, animation, anime, ant, anteater, antelope, antenna, anthill, antivirus, anvil, apartment, apocalypse, applause, apple, apple pie, apple seed, apricot, aquarium, arch, archaeologist, archer, architect, aristocrat, arm, armadillo, armor, armpit, arrow, ash, assassin, assault, asteroid, astronaut, asymmetry, athlete, atom, attic, audience, autograph, avocado, axe, baboon, baby, back pain, backbone, backflip, backpack, bacon, bad, badger, bag, bagel, bagpipes, baguette, bait, bakery, baklava, balance, balcony, bald, ball, ballerina, ballet, balloon, bamboo, banana, bandage, bandana, banjo, bank, banker, bar, barbarian, barbecue, barbed wire, barber, barcode, bark, barn, barrel, bartender, base, basement, basket, basketball, bat, bathroom, bathtub, battery, battle, battleship, bayonet, bazooka, beach, beak, bean, bean bag, beanie, beanstalk, bear, bear trap, beatbox, beaver, bed, bed bug, bed sheet, bedtime, bee, beef, beer, beet, beetle, bell, bell pepper, bellow, belly, belly button, below, belt, bench, betray, bicycle, bill, billiards, bingo, binoculars, biology, birch, bird, bird bath, birthday, biscuit, bite, black, black hole, blackberry, blacksmith, blanket, bleach, blender, blimp, blind, blindfold, blizzard, blood, blowfish, blue, blueberry, blush, boar, board, boat, bobsled, bodyguard, boil, bomb, booger, book, bookmark, bookshelf, boomerang, boots, border, bottle, bottle flip, bounce, bouncer, bow, bowl, bowling, box, boy, bracelet, braces, brain, brainwash, branch, brand, bread, breakfast, breath, brick, bricklayer, bride, bridge, broadcast, broccoli, broken heart, bronze, broom, broomstick, brownie, bruise, brunette, brush, bubble, bubble gum, bucket, building, bulge, bull, bulldozer, bullet, bumper, bungee jumping, bunk bed, bunny, burglar, burp, burrito, bus, bus driver, bus stop, butcher, butler, butt cheeks, butter, butterfly, button, cab driver, cabin, cabinet, cactus, cage, cake, calendar, camel, camera, campfire, camping, can, can opener, canary, candle, canister, cannon, canyon, cap, cape, cappuccino, captain, car wash, cardboard, carnival, carnivore, carpenter, carpet, carrot, cartoon, cash, casino, cast, cat, catalog, catapult, caterpillar, catfish, cathedral, cauldron, cauliflower, cave, caveman, caviar, ceiling, ceiling fan, celebrate, celebrity, cell, cell phone, cello, cement, centaur, centipede, chain, chainsaw, chair, chalk, chameleon, champagne, champion, chandelier, charger, cheek, cheeks, cheerleader, cheese, cheeseburger, cheesecake, cheetah, chef, chemical, cherry, cherry blossom, chess, chest, chest hair, chestnut, chestplate, chew, chicken, chihuahua, child, chime, chimney, chimpanzee, chin, chinchilla, chocolate, chopsticks, church, cicada cigarette, cinema, circle, circus, clap, clarinet, classroom, claw, clay, clean, clickbait, cliff, climb, cloak, clock, cloth, clothes hanger, cloud, clover, clown, clownfish, coach, coal, coast, coast guard, coaster, coat, cobra, cockroach, cocktail, coconut, cocoon, coffee, coffee shop, coffin, coin, cola, cold, collapse, collar, color-blind, comb, comedian, comedy, comet, comfortable, comic book, commander, commercial, communism, community, compass, complete, computer, concert, condiment, cone, confused, console, continent, controller, conversation, cookie, cookie jar, copper, copy, coral, coral reef, cord, cork, corkscrew, corn, corn dog, corner, cornfield, corpse, cotton, cotton candy, country, cousin, cow, cowbell, cowboy, coyote, crab, crack, crate, crawl space, crayon, cream, credit, credit card, cricket, cringe, crocodile, croissant, crossbow, crow, crowbar, crucible, cruise, crust, crystal, cube, cuckoo, cucumber, cup, cupboard, cupcake, curry, curtain, cushion, customer, cut, cute, cyborg, cylinder, cymbal, dagger, daisy, dalmatian, dance, dandelion, dandruff, darts, dashboard, daughter, day, dead, deaf, deep, deer, defense, delivery, demon, demonstration, dent, dentist, deodorant, depressed, derp, desert, desk, desperate, dessert, detective, detonate, dew, diagonal, diagram, diamond, diaper, dice, dictionary, die, diet, dig, dinner, dinosaur, diploma, dirty, disaster, disease, dishrag, dispenser, display, diss track, distance, diva, divorce, dizzy, dock, doctor, dog, doghouse, doll, dollar, dollhouse, dolphin, dome, dominoes, donkey, door, doorknob, dots, double, dough, download, dragon, dragonfly, drain, drama, drawer, dream, dress, drink, drip, drive, driver, drool, droplet, drought, drum, drum kit, duck, duct tape, duel, dwarf, dynamite, eagle, ear, earbuds, earthquake, earwax, east, eat, echo, eclipse, eel, egg, eggplant, elbow, elder, 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XRP Isn’t A Security, Declares Former CFTC Chairman

XRP Isn’t A Security, Declares Former CFTC Chairman
https://preview.redd.it/8yehv8lzsce51.jpg?width=960&format=pjpg&auto=webp&s=69f0a6eb4973a5a9974e42d15709434719a26a81
When Chris Giancarlo was the chairman of the Commodity Futures Trading Commission he became a rock-star of sorts in certain corners of the cryptocurrency community, helping establish criteria that eventually led to bitcoin and ethereum being declared commodities, more like coffee or sugar than stock in a company. The U.S. Securities and Exchange Commission largely followed suit, eventually also declaring that bitcoin and ether, the cryptocurrency powering the ethereum blockchain weren’t securities.
Now chairman emeritus Giancarlo, who was deemed “Crypto Dad” following an impassioned speech he gave to Congress where he credited bitcoin for finally getting his kids interested in finance, is at it again, having co-written a detailed argument published this morning in the International Financial Law Review for why XRP, the cryptocurrency formally known as “ripples,” was also not a security. The only problem is he’s no longer a regulator. In fact, his employer is on the payroll of Ripple, the largest single owner of XRP, whose co-founders actually created the cryptocurrency.
The bombshell paper, titled, “Cryptocurrencies and U.S. Securities Laws: Beyond Bitcoin and Ether,” co-authored by commodities lawyer Conrad Bahlke of New York law firm Willkie Farr & Gallagher LLP, methodically reviews the criteria of the Howey Test, established by the SEC in 1946 to determine whether something is a security, and point-by-point argues that XRP does not qualify. Rather, the paper argues, like its name would indicate, cryptocurrency is a currency of perhaps more interest to the Federal Reserve and central banks than securities regulators.
What’s at stake here to the cryptocurrency world cannot be overestimated. XRP is now the fourth largest cryptocurrency by market cap, with $5.9 billion worth of the asset in circulation according to cryptocurrency data site Messari. While Ripple was valued at $10 billion according to its most recent round of funding, the company continues to fund itself in part by selling its deep war chest of 55.6 billion XRP, coincidentally valued at the same amount as the company itself.
Not only could an eventual decision by the SEC to classify—or not classify—XRP as a security impact the untold individual owners of the cryptocurrency, but other clients using Ripple services that don’t rely on the cryptocurrency, including American Express, Santander, and SBI Holdings could stand to be impacted positively or negatively depending on the decision. After all if XRP were to be rescinded it would be a huge cost to their software provider. If Giancarlo is right though, Ripple could end up being one of the most valuable startups in fintech.
“Ultimately, under a fair application of the Howey test and the SEC’s presently expanding analysis, XRP should not be regulated as a security, but instead considered a currency or a medium of exchange,” Giancarlo and Bahlke argue in the paper. “The increased adoption of XRP as a medium of exchange and a form of payment in recent years, both by consumers and in the business-to-business setting, further underscores the utility of XRP as a bona fide fiat substitute.”
Giancarlo was nominated to be a commissioner of the CFTC by then-President Barack Obama in 2013. In 2015, he helped lead the thinking behind the CFTC’s decision that bitcoin and other cryptocurrencies were commodities, paving the way for the SEC’s related comments that neither bitcoin nor ethereum are securities. Then, at the height of the 2017 cryptocurrency bubble President Trump nominated him to be Chairman of the CFTC, where he oversaw the creation of a number of bitcoin futures projects, including at CME Group and the short-lived effort at Cboe.
While many blame the creation of bitcoin futures for popping the 2017 price bubble, which almost hit $20,000 before halving today, others have seen the works as a fundamental process of maturity, helping pave the way for more sophisticated crypto-enabled financial offerings. Giancarlo’s last day in office at the CFTC was in 2019, after which he promptly got involved helping envision the future of assets issued on a blockchain. In November he joined as an advisor to American Financial Exchange, using ethereum to create a Libor alternative. The following January he co-founded the Digital Dollar Project leading the push to use blockchain at the Federal Reserve and now it would seem he’s hoping to influence the classification of XRP as he did for bitcoin and ethereum, but from the other side of regulation.
Importantly however, a footnote in the report discloses that not only is Giancarlo and Bahlke’s firm, Willkie Farr & Gallagher LLP counsel to Ripple Labs, but they “relied on certain factual information provided by Ripple in the preparation of this article.” While it’s impossible to parse what information came from the co-authors and what came from Ripple, the resulting legal argument is fascinating, even if it does leave room for doubt.
The Howey test Giancarlo uses to bolster his arguments is a three-pronged definition used by the SEC, none of which he says apply to XRP. The first prong, is that an investment contract should be implied or explicitly stated between the issuer of the asset, in this case XRP and the owner, in which money exchanges hands. “The mere fact that an individual holds XRP does not create any relationship, rights or privileges with respect to Ripple any more than owning Ether would create a contract with the Ethereum Foundation, the organization that oversees the Ethereum architecture,” he writes.
This does however overlook the fact that OpenCoin, credited on Ripple’s own site in 2013 for creating XRP (then tellingly described as “ripples”), was run by many of the same people that founded Ripple. The original creators of XRP then donated the vast majority of the assets to Ripple, which they also ran, creating a sense of distance, tacit though it may be. The actual data around the creation of XRP was also muddled by a glitch in the code that means unlike bitcoin and ethereum the crucial genesis data is no longer attached to the rest of the ledger. The rebranding of “ripples” as XRP further extended the sense of distance between XRP and Ripple, followed by an aggressive campaign to get media to stop describing the cryptocurrency as “Ripple’s XRP.”
With so much distance between the company that actually created XRP and the company that now owns more than half of it, one would be forgiven for wondering, if there was an implied contract between OpenCoin and XRP owners, does the donation from one group of people at one company to a very similar group of people at another company sever that responsibility? In spite of the sense of distance created by Ripple between itself and the cryptocurrency its co-founders created, a number of active lawsuits alleging securities violations have been filed. In all fairness though, Giancarlo appears to recognize this prong may not be Ripple’s strongest defense and concludes the section, hedging: “Even if XRP were to satisfy one or two of the “prongs” of the Howey test, it does not satisfy all three factors such that XRP is an investment contract subject to regulation as a security.”
The second prong of the Howey test stipulates that there can be no “common enterprise” between shareholders or a shareholder and the company. While refuting both relationships, Giancarlo curiously goes onto to write that “given the juxtaposition between XRP’s intended use as a liquidity tool, its more general use to transfer value and its potential as a speculative asset, XRP holders who utilize the coins for different purposes have divergent interests with respect to XRP.”
Ironically, there has always been a widely held belief that owning a cryptocurrency would unify interests around a single goal: to co-create the infrastructure that lets the cryptocurrency exist and ensure it was vibrant and diverse. Meanwhile, XRP, in spite of its aggressive supporters on social media, is one of the least diverse ecosystems, with the vast majority of serious development being done within Ripple. If XRP owners aren’t expecting an increase in value from the work being done by Ripple, they certainly aren’t nearly as involved in helping build that future as are owners of bitcoin and ethereum.
In a related issue, the third prong of the Howey test stipulates that “no reasonable expectation of profit should be derived from the efforts of Ripple,” according to the paper. Supporting this position, Giancarlo writes: “Though Ripple maintains a sizable stake of the XRP supply and certainly has a pecuniary interest in the value of its holdings, it is not enough to suggest that a mutual interest in the value of an asset gives rise to an expectation of profits as contemplated by Howey.” Again, this strains credulity.
According to its own site, Ripple currently has access to 6.4% of all the XRP ever created. But that doesn’t count the 49.2% of the total XRP Ripple owns, but is locked in a series of escrow accounts that become periodically available to Ripple and Ripple alone. Adding those two percentages together leaves a float of only about 44% of XRP that has been distributed for public ownership. For some comparison, Facebook went public the same year XRP was created and has a 99% float, according to FactSet data, meaning almost all of its stock is in the hands of traders.While Ripple does also have more traditional stock, this distribution shows that Ripple might not be as distributed as it claims.
While it’s perhaps no surprise that Giancarlo would come out on the side of his own client, there’s also plenty of other reasons to believe his argument may in fact hold water. In February 2018, the notoriously compliant exchange Coinbase added support for XRP, something it would unlikely do if it were concerned it might accidentally be selling an unlicensed security. Perhaps most tellingly though, Ripple has also been granted a difficult-to-obtain BitLicense from the New York Department of Financial Services, giving it the blessing of a respected regulator. However, while the license was granted after then-superintendent Benjamin Lawsky stepped down from the regulator, it's perhaps no coincidence that a year later he joined Ripple on its board of directors and is now active in the cryptocurrency space. Perhaps a similar fate is in store for Giancarlo.
Editor’s note: This article has been updated to clarify that Ripple Labs is a client of Giancarlo’s law firm.
submitted by wazzocklegless to u/wazzocklegless [link] [comments]

Chainlink Up 339% YTD, Making It The Tenth-Largest Cryptocurrency

Chainlink Up 339% YTD, Making It The Tenth-Largest Cryptocurrency

Chainlink’s 95% Weekly Price Surge May Indicate The Start Of An Altcoin Season
Despite that Bitcoin marks one of its longest non-volatile periods, Chainlink (LINK) makes another move into the green, with a 26% price increase in the past 24 hours. Chainlink also recorded a new all-time high of $8.40, before correcting to $7.85, as of press time. Тhe most recent price increase managed to boost LINK’s position in CoinMarketCap’s market capitalization chart to reach 10th place, surpassing projects like EOS, Tezos (XTZ), and Stellar (XLM).
Source: CryptoBrowser.io
Looking three months back, Chainlink’s price increased with 128%, with an almost tri-fold price boost since the March 12 “Black Thursday” global market wipeout. Since the start of 2020, Link’s price is up with 339%, making it one of the best-performing cryptocurrencies in 2020.
The reason behind Chainlink’s massive price boost is the series of partnerships LINK sеcured with DeFi projects. Many of the DeFi projects need some kind of real-time price quotations, and Chainlink offers to them decentralized oracle network services. In just a week, Chainlink announced a series of key partnerships with companies like Kyber Network, Nexo Finance, REN protocol, Conflux Network and Bancor.
The list of partnerships, combined with the bullish market stance on DeFi projects, may push LINK’s price above the $10 mark. But in order for LINK’s price to spike above 10$, Chainlink has to continue the successful partnership streak.
Crypto experts like Josh Rager commented on the recent market situation, showing support for Chainlink in a Bitcoin-dominated crypto sector. Rager, who is co-founder of crypto learning platform Blockroots, and an official advisor to few blockchain startups, stated that Bitcoin maximalists should consider focusing their sight towards altcoins, because Bitcoin shows little to no movement.
„Bitcoin is moving in a $1000 range, while Chainlink exploded from $3.65 to $8.50+”, Rager tweeted.
Another crypto expert, Cole Garner, joined Josh Rager’s opinion, highlighting LINK had its first candle closed above the trendline, which may be the start for a parabolic movement. Crypto trader Scott Melker, known as “The Wolf of All Streets”, posted a graph on Twitter, showing exponential growth for LINK since its inception to present day. “The most-bullish crypto-asset I have seen in a long time,” Melker noted.
However, Santiment – a crypto-focused behavior analytics company, stated that after such massive price gains, a “-9% retracement is commonly evident in the 12 days after being #1 on our Emerging Trends list.”
Meanwhile, Bitcoin’s dominance retracted slightly, which further fueled the altcoin bulls, resulting in larger trading volumes for some of the projects.
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Crypto Regulation in Countries which witnessed Spike in Crypto Interest

CoinMarketCap, one of the most preferred sources for crypto market capitulation has recently released the graph of countries that have registered a surge in crypto usage. The report named nine countries including Nigeria, Australia, Spain, Canada, Mexico, U.K., Colombia, India, and Pakistan which marked huge growth in Cryptocurrency Interest. However, it is pivotal to understand the type of crypto regulations, frameworks ad polices these countries are entertaining.
Nigeria - With Nigeria being one of the biggest countries in the world population-wise, it also boasts of being one of the leading countries in Africa in terms of GDP boasting of about $500 billion nominal GDP returns. Taking a look at the crypto regulation in Nigeria, Bitcoin and all other forms of crypto are all legal although the Security Exchange Commission in the country has warned the population of the high risk involved. With the previous move by the government of Nigeria to ban crypto trading, the regulations are still unclear with the government issuing strong warnings of the volatility in the market.
Spain - Spain mirrors Nigeria in the way that digital assets are approached in the country with the European nation not having a single regulation when it comes to crypto adoption. The Spanish government joined forces with the Spanish Security and Exchange Commission to teach investors on the dangers of trading in crypto assets. Even with the absence of regulations, the government has said that it does not see crypto as a means of tender, they may be referred to as securities.
Australia - As far back as 2017, when Bitcoin was trying to make its mark in the financial market, Australia was one of the few countries that moved swiftly to encourage the budding investment. The government declared the digital assets a legal investment in the country and as such is treated as property while being subject to Capital Gains Tax. Previously, Australia subjected crypto assets to a double taxation scheme with the assets classed under the Goods and Services Tax but the recent change has encouraged a widespread adoption.
Canada - Canada has swiftly moved to ask all businesses and investments to register their respective firms under the FinTRAC as their activities would be monitored by the body to check fraud and money laundering. The new crypto law according to FinTRAC is that all transactions that are more than $7,000 should be duly noted. The sending and receiving party should be identified and failure to do so would attract severe charges. The new law has given investors a huge relief in terms of eliminating fears of fraud.
Mexico - Mexico enacted a new law to guide crypto in March 2018 but was met with resistance across the country. The new law states that cryptocurrencies were illegal but could be used as a means of payment across the country. The new law states specifically that Banxico, the country's central bank should monitor all crypto activities and would report all unauthorized transactions whilst handing out fines to businesses that fail to adhere to the instructions. The major boost is that crypto businesses have not been levied with a clear tax system as regards digital assets.
United kingdom - Ever since the wide adoption of crypto around the world, the United kingdom has always measured the activities of crypto exchanges across the country. Even though the government has refused to see digital assets as a means of legal tender, they have moved swiftly to enforce a registration with the FCA amongst the exchanges in the country. With no ground laws in place to monitor the activities of the exchange, the country has levied the capital gains tax on individuals and investments dealing in cryptocurrencies.
Colombia - Colombia has one of the worst rules and regulations when it comes to crypto adoption. Presently, the country lacks a legal framework when it comes to regulating crypto. With the country witnessing a 61% growth in terms of FinTech companies despite the seemingly unregulated activities of crypto exchanges in the country. With the Colombian law failing to recognize cryptocurrency trading as a legal investment, most of the exchanges in the country are always subject to losing their services for handling of illegal transactions.
India - India recently passed a bill into law that said that banks can now work with crypto exchanges in the country. This development comes after the legality of crypto exchanges and the laws that govern them were called into questions after the Supreme Court permitted them to carry out their activities in the country. Presently, the trading of crypto in the Asian country is legal and has seen so many adoptions even before the court ruled in its favor. With a legal framework scheduled to be drafted in the coming weeks, only time will tell if it would favor more adoption.
Pakistan - Pakistan issued a blanket ban on crypto investments across the country in 2019 but has soon suspended the ban and asked all crypto exchanges and service providers to register their business with the state bank of Pakistan. The country executives are presently going into a meeting to discuss how the legal frameworks for the adoption of crypto would be in the country. Despite the ban that was effective since last year, the majority of the Pakistan population has owned cryptos in other countries but can now comfortably trade in their own country.
submitted by Bit2buzz to btc [link] [comments]

Best General RenVM Questions of April 2020

Best General RenVM Questions of April 2020
\These questions are sourced directly from Telegram*
Q: Quick question here, but any plan to bridge as well with the Tezos protocol? Using soon to be released Ren network could be a key advantage to be the first with a viable solution on their protocol. Plus Ren is indépendant of ETH (collateral speaking) making it interesting for other protocols.
A: Yes, this is very much possible. RenVM can work with any ‘destination chain’ that has smart contract functionality. We’ll be exploring others like Polkadot, Tezos, etc.. once it makes sense and we are happy with the Ethereum side of things.
Q: How many physical Darknodes will be in Greycore?
A: It depends on the final cohort, but it’ll be 15+ as each team will run a few Darknodes. Even the Greycore, our most “centralized” part of RenVM (at first) will be more decentralized than all competitors. Also, it is not so important the number of nodes as it is the number of members. More nodes = more architectural decentralization, but not more political decentralization. That is, more fault tolerance, but not more Byzantine fault tolerance.
Q: Once RenVM gets going, is there a way to measure cross-(on)chain volume?
A: We’ll be measuring any/all volume that flows through RenVM. This info will be available in the new Command Center (CC), GraphProtocol, etc.
Q: What is the reasoning for disabling auto-updates for Darknodes? Will operators get to choose if auto updates are allowed or not?
A: Auto updates of things that control funds is generally a bad idea. Someone could poison the repo you’re using for updates and you’d have no control. Further, disabling auto-updating means that governance is in the hands of the Darknodes, albeit in a very ad hoc way (excluding the smart contracts on Ethereum).
Q: I know you have addressed this before, but here’s a discussion about ren’s ability to mint renBTC being limited by its public market cap. I think the team is coming up with a way to have the Darknode capacity determined by Darknodes based on revenue rather than the price of ren right?
A: This design is one of RenVM's biggest comparative advantages over other designs. The value of REN (as calculated by Darknodes) and thus RenVM's capacity are directly tied to usage of RenVM. The more renBTC minted/burned, the greater Darknodes' revenues, the higher value of REN, the greater capacity to mint more. It's a positive feedback loop where increased usage increases capacity. To your question, the "3" in L<3 will be calculated by Darknodes strictly by revenues, not by a potentially manipulable oracle. Although this may be a soft cap in Zero and One with Greycore secondary sigs and continuous fees.
Conversely, tBTC's bond is overcollateralized by ETH, which is uncorrelated to usage of tBTC. Because the price of ETH does not increase with usage of tBTC, increased usage of tBTC will require more and more ETH to stay overcollateralized. As the article says, just 1% ($1.34B) of BTC's market cap ($134B) in tBTC would require $2.01B in bonded ETH, which is 10% of all ETH. 5% of BTC in tBTC, 56% of ETH.
A bond whose value is tied to usage of its own network allows capacity to scale linearly.
Further: Collateral is not the problem. Any technique that anyone uses to reduce collateral should be usable by any system doing interop. The real difference is that RenVM using its own token, so it is able to adjust its own economic parameters, and it does not need liquidation which we have seen fail as recently as last month.
-Use RenVM => REN worth more => higher cap => can use RenVM even more
-Use tBTC => ETH fluctuates independently => liquidations can occur => node operators get liquidated => can use tBTC less
RenVM is much more capital efficient in the long-term, regardless of the specific collateral ratios required. It also doesn’t expose Darknodes to ETH risk (and even renBTC holders, if renBTC could sometimes only be reclaimed for ETH not actual BTC, like it systems with liquidation).
Lastly, it has a bunch of practical defenses, like constantly shuffling its Darknode shards (instead of them sticking around for up to 6 months). And we have some nice UX features, like being able to move any amount of BTC at any time, straight into a smart contract call.
Q: https://preview.tbtc.network/cms/resource/tbtc-security-model/developers/tbtc-security-model/. At the end of the article Ren's security model is briefly discussed, is this correct?
A: For the record, that is an incorrect summary (either through not being sure how things works, or in an attempt to discredit our security model). RenVM is not a federated peg. Our shards are designed to have up to ~200 nodes in them. tBTC has three (3). Seems the latter is a lot closer to a federation than the former.
Q: So RenVM can run on Binance chain instead of Ethereum? Or what would be the advantage (or goal)? Pls eli5. A: RenVM doesn’t run on any chain; it is its own network. However, it has host chains which are chains to which it can send assets. For example, you can send BTC to Ethereum, and in this scenario Ethereum is the host chain (it is hosting a non-native asset). Supporting Binance Chain would imply that RenVM can use it as another host chain.
Q: If another host chain is implemented, would cross-host chain transactions be possible without doing any transactions with the token. Like: Bitcoin -> renBTC_ETH -> renBTC_BNB
Without an intermediate step, and without paying Bitcoin transactions on the Bitcoin network. Unlike: Bitcoin -> renBTC_ETH -> Bitcoin -> renBTC_BNB
A: Yep. A burn event would be generated on one host chain, and RenVM would produce a minting signature for the other host chain. No BTC moves on the Bitcoin chain, so no Bitcoin fees would be required. RenVM would still take a fee though.
Q: Reading about sharding in the docs: it mentions load balancing. Would that be done on a monthly basis as the changeover in keys is done?
A: At minimum, once per epoch.
Q: I'm sure there were discussions about this before but I can't find anything on it. Is there a possibility where assets in custody in REN network could be greater than 1/3 of value of REN tokens and have the network still be secure? Or is this a big no no that the network will have to do everything for the 1/3 threshold not be crossed ?
A: It’s not a big no no, it is still well collateralized at that point. However, it is a no no. 1/3rd is the limit above which an attack becomes theoretically profitable. It is still not practically profitable at that stage, and is also very difficult to actually pull off such an attack. So RenVM must aim to keep under 1/3rd, but if that threshold is crossed nothing bad happens immediately (this gives some time for fee adjustments that should have already been put in place by this point to kick in).
We’re also looking at some proposals internally around how to recover the peg even if an attack does succeed (because 1/3rd is crossed by enough, and for long enough, that a profitable attack succeeds, or because an irrational attacker has decided to attack without the want for profit).
That’s correct. We class these actors as “irrational adversaries”. This is an attacker that doesn’t care about the profitability as modelled by the protocol. It’s important to be able to resist such adversaries because, as you point out, there are adversaries that can achieve be profit from RenVM in a way that cannot be feasibly modelled.
Q: How many hours can my VPS be down before it's Deregistered (not shalshed)?
A: 12 hours. We’ll use Mainnet Subzero to establish parameters and change the thresholds if needed.
Q: Which VPS provider (for Darknodes) is next?
A: Azure is the next one on our list of VPS’s to support.
submitted by RENProtocol to RenProject [link] [comments]

Weekly Update: 1 Million ParJar Tips, Fantom.finance, SelfKey Mobile Wallet, Sentivate Social... – 6 Mar - 12 Mar'20

Weekly Update: 1 Million ParJar Tips, Fantom.finance, SelfKey Mobile Wallet, Sentivate Social... – 6 Mar - 12 Mar'20
As Coronavirus (COVID-19) wreaks havoc across the world, we hope that Parachuters are safe, at home and healthy. This has been a difficult few months for everyone. But we will get over it. So let’s spread some good vibes with an update filled with awesome news from the Parachuteverse. Here’s your week at Parachute + partners (6 Mar - 12 Mar'20):

Starting off with a biggie. This week we crossed 1 million ParJar tips with a grand party in the Tiproom that left heads spinning and massive hangover. Haha! Click here for a sneak peek into the madness. Those who missed the party, woke up to 30k+ messages. And that happened within a couple of hours only. Wild! If that wasn’t enough, the TTR crew followed it up with a tiproom tipbattle with 6 teams (10 members each) fighting it out. Click here for the team lineups and rules. What ensued was a whirlwind comprising 80k+ tips. Double wild! LordHades shared the latest #FPL update according to which Novelcloud has now crossed LH to take second position. Alexis continues to be on top. If you’re already on BAGS token’s Dirty Bags platform, don’t forget to check out the Parachute posts over there. If you’re not on it yet, there’s $BAGS prizes for Parachuters who sign up. Bose’s random trivia in TTR got folks scratching their heads for answers.
A Gian food pic after ages. Though not cooked by him. Peruvian chicken. Yum!
Alejandro hosted a free-for-all CoD flash game in the Parachute War Zone followed by a battle royale. Congratulations to Clinton for being awarded the Bronze Seal of Transparency for his charity. GamrB0y’s trivia in TTR this week was based on science. Victor hosted a TTR quiz themed on MetaHumans. Charlotte’s math trivia was uber fun as always. Jobchain crew sponsored 750k $JOB as prizes for a round Robot Rise in the ParJar Gaming channel. Cap held a flash Parena this week. If you haven’t been keeping a tab on Parachute, you just missed on scoring some sweet $PAR. Like Achilleas almost did with his top prize. He won the finale but wasn't around to claim his 1st prize. So Bose snagged the winner’s spoils. But Cap being Cap made sure he didn’t miss out either. For Two-for-Tuesday this week, Gian got Parachuters to post music videos "featuring bands or songs that have a food or drink in their name". Like always, Sebastian was kind enough to compile a playlist with everyone’s posts. A flurry of beta testing activities related to Transak (fiat on/off ramp for ParJar) and swapping flung into action this week. For this week's #wholesomewed, Jason asked Parachuters "to draw a fierce non-existant creature that you would like as your champion in a parena".
What an amazing view Alexis!
In this week’s educational posts from aXpire, COO Matthew Markham wrote about the state of the legal tech market, the E-Billing industry, why legal billing software matters and artificial intelligence in law firm software. For the latest update video, click here. Still not sure what aXpire is all about? Check out their token overview and business presentation. The weekly 20k $AXPR token burn went ahead as per schedule. Insights from 2gether’s consumer report were published in a Cointelegraph article exploring women’s usage behaviour in crypto. For the full report on female users, click here. Euro deposits on the platform were briefly paused and subsequently restored because of a third party dependency. Upgrades were made to the $BTC transfer mechanism as well. But a high traffic issue led to a temporary stoppage of the crypto purchase feature. Birdchain released its 2 year roadmap. Few weeks back, we shared news of $BIRD being listed on Probit. CEO Joao Martins talked more about it in his video podcast this week. Probit also started a stake and earn event for $BIRD holders. Ethos’ parent company Voyager is now a sponsor of Scott Melker’s (The Wolf of All Streets) new podcast. For the latest Switch update, click here. Fantom announced the pre-launch of Fantom.finance which will be an end-to-end DeFi suite of products. The project has been killing it on its socials. Want to see proof? Check out the social metric graph mapped by LunarCRUSH. Michael made a weekly update video to catch up on all the latest news. Click here to read the latest technical update. Fantom also announced its involvement in Fusion Protocol’s decentralised custodian solution DCRM Alliance.
Interesting insights from 2gether’s female crypto users report
The new XIO website layout and a new set of article were released this week. Zachary did a deep dive into the new stuff with a 40 minute video. For this week’s #XIOSocial discussions, Citizens talked about underrated qualities of successful entrepreneurs and about progressive decentralisation. DigiByte joined Uptrennd this week with their own community on the platform. Uptrennd crew marked the occasion with a cool giveaway. Looking to join the team? Don’t forget to apply for the open positions. How has the platform been fairing in the last 3 months vis-à-vis other platforms? Check out the numbers. Plus, congrats on crossing 70k members. YouTuber Chico Crypto joined Uptrennd this week. District0x’s weekly update covers news such as the new District Designer, latest Dapp Digest etc. Meme Factory launched a new contest. Hydro integrated Plaid’s account verification and aggregation services to its platform this week. This was followed by additional integrations with KYC provider Onfido and financial data provider MX. Silent Notary crew has created a new fund for pursuing IDL’s listing opportunities. Looking for human connections during the Coronavirus lockdown? OST’s Pepo app now has a dedicated community channel for this. SelfKey’s Mobile Wallet was launched this week. CoinLoan joined SelfKey’s crypto lending marketplace. Moreover, crypto exchange Bitkub was added to the exchange marketplace. Plus, the team compiled a list of data breaches at Facebook.
The new Crowdstaking graphic explains how it is different from crowdfunding
Realtime market widgets and downloads page were added to the Sentivate social site this week along with a ton of other upgrades. The beta test of the platform has also been a success on Windows and Mac. The browser build is ongoing with a naming contest to begin soon. If you have been keeping your eyes open, BAGS crew have been hosting some fun quizzes in the Dirty Bags channel for $BAGS prizes. Make sure to have a look when you have a moment. Last year, around this time, Pynk won the startup pitch competition at Wolves Summit. This week, CEO Seth Ward and COO Rupert Barksfield shared 8 tips for aspirants. The community also discussed about Facebook’s Libra Alliance this week. CyberFM started a special playlist on the Spotlight Channel to celebrate Women’s History Month. Harmony showcased its transaction speed and fees compared to Ethereum through a video demo. Plus, a fast finality demonstration. Click here to read last week’s #pow thread. If you would rather watch the video update, click here. Founder Stephen Tse shared some more updates over live videos (1, 2, 3, 4). And kudos for being the most active project on GitHub last week. The crew sat down with Vite Labs for a community AMA. The roadmap towards launching Open Staking was published. It is currently in the second phase out of four phases. Testers and hackers were welcomed to participate in Stake Heist - try and break the open staking design on the Pangaea testnet for 10M $ONE tokens in prizes.
The Sentivate social site community dashboard looks fresh!
Intellishare founder Raymond Xiong will sit down for a community AMA next week. Folks who sent in questions could win 50 $INE tokens as well. GET Protocol’s GUTS Tickets featured in a list of recommended portals for safe ticket purchases by the Netherlands’ Police. As part of its ticketing transparency standards documentation series, developer Kasper Keunen wrote about nodes this week. The $COTI conversion bridge has been reopened with some limits to ensure fair chance for everyone looking to convert from mainnet to ERC20/BEP2 tokens. For the latest newsletter, click here. The new COTI explorer was released as well. Apart from simple wallet-to-wallet transactions, it also tracks merchant txns, bridge txns etc. The dev team also released a detailed article explaining its multi-currency (MultiDAG) framework. For the token deployment demo, click here.

And with that, it’s a close for this week in Parachute! See you again soon. Bye!
submitted by abhijoysarkar to ParachuteToken [link] [comments]

Why XRP will have a good year in 2018.

I am not saying that XRP will explode in 2018, but it helps when the people that know the most about the coin want to be involved.
Bitcoin.com founder sells all BTC and Litecoin creator sells all his LTC. Meanwhile, Ripple follows through with the escrow and execs are HODLing for the long haul. To the moon mother bleepers.
submitted by NotEvenTodd to Ripple [link] [comments]

TL;DR Every Gun's Meta Role + Some Modding

Sections: Every Gun's Meta Role, why every other gun is bad, modding and ak-74 recoil reduction/price graph, ammo meta.
Lowest Recoil for 545, 556, and 7.62x39 guns : https://i.imgur.com/E9ruaAJ.png

[Ctrl + F to find stuff]

Edit:
There seems to be some misunderstandings about objective facts about tarkov. Anecdotal experiences you’ve had do not change how the mechanics behave. Not penning lets say, a 6B47 with M61, doesn’t mean m61 won’t pen a 6B47. We know the pen chance of M61 on any given piece of armor, and just because you received an unlikely result does not mean it’s the only result. Similarly rephrasing otherwise damning statements doesn’t change the objective situation. Saying something such as “___ gun shreds armor with ___ ammo” is just a different way of saying “If I take the time to shoot the armor to the point of it no longer behaving as its armor class, then my bullets will go through it”. And I’ll concede you can indeed do that. But shooting an armor several times before your bullets go through doesn’t mean its equivalent to using bullets that go through the armor in the first place.
There also seems to be a misunderstanding on what makes a gun good. Most guns will kill someone if you correctly aim and left click on someone’s face. That’s the bare minimum for a gun to be useable in tarkov. Just because you have used a gun which can do that doesn’t make it good. If one can simply shoot someone in the face with the first bullet, they fire then what’s the point of bringing something other than a Makarov. We bring in better guns to make up for other short comings. Yes, if you shoot someone’s gen 4 6 times with 7.62x39 BP you will go through it. But that guy in the gen 4 can only has to shoot you twice because he brought competitive ammo. Don’t handicap yourself then say I’m spreading misinformation because if you just pretend a handicap isn’t there then then game is different from what I’m saying… also ap slugs suck.


---------------------------------------------------------

Every Gun's Meta Role

Guns with a purpose:
AK-74 / AK-74N: Only has a place in 2 scenarios. Long range medium kit and any range high kit. In high kit the gun will cost 100k but will have the lowest recoil of the automatic ARs. BS and PP isn’t as expensive as 995 and M856A1. For high kit the 74 is 2nd best if money is no problem but if you do even remotely care about money then this is the most reasonable high kit gun. If lvl 6 armor for some reason becomes abundant in the future then this will be the best gun because igolnik. Yes m61 will go through lvl 6 but the FAL nerf means it has too much recoil for mid range and the m1a is semi auto which kinda nips the whole “2 stk > 3 stk” in the bud.
HK-416: 2nd lowest AR recoil. A maxed one of these is cheaper than a maxed m4 but has ~8 more vert reocil.
M4A1: Well my reference m4 did a mega-morphin stat change. The best recoil AR in the game. A maxed M4 is very very expensive and using it suppressed borks the recoil.
Bolt actions: All of the bolt actions are currently just very very bad vepr hunters. However quests are a thing and there’s very clearly one vastly superior bolt action and it issssss a sniper mosin with the non-blue tape obrez stock and the 514mm barrel. Its accurate and its very light. Recoil doesn’t matter, ergo kinda matters but not nearly as much as weight. If you don't like the PU scope then you can use the “arbalet patriot K+W mount” and just use any sight you want without the rendering issues of the tri-rail. Only in tarkov will the objectively cheapest gun in a class be the best. Cough ak-74 cough.
Vepr Hunter: M80 strong so gun strong. It one taps to the chest, is accurate, has no rof cap, can go through lvl 4, the 10 round mags are 1 slot, and you can get it for like 25-35k off the market. Its just stupid good. Is it better than a m1a, rsass or FAL? No. Is it way better than the mosin, saiga-12, mp-153, mr-133, m870, ash-12, sv-98, m-700, DVL, and SVD? Yeah.
MP-7: Best CQC gun for medium kit (anti-lvl 3) because FMJ is very cheap, the bitcoin trade lets you get 40k MP7s, and the recoil is lower than any gun of equivalent price. The only exceptions are the VSS and p-90 which you can use for about the same price (given you can get a 50k p-90 and a 40k VSS) However the VSS mags are either stupid expensive or too small and the p-90 has too much horizontal recoil. Yes the p-90 has less vertical recoil but only your mom is wider than she is tall and she’s not a scav boss yet.
PP-19: One of the three “competitive” budget guns. It's cheap, has maxed ak-74 levels of recoil(with a recoil pad), is automatic, and has no pen whatsoever. Face shots or go home.
Saiga-12: Best “shot” shotgun and one of three “competitive” budget guns. There’s a rof cap now but its vepr 136 levels so for a gun with a 20 round mag max, its not “too much” of a problem. If you’re running factory then maybe flechette could work but holy shit with the lack of limb pen and the 19 damage per dart (152 damage if all land) you’ll be shooting the fuck out of people before they die. I think the best example of how this feels was a raid where I killed one scav and it took 29 hits to kill that one unarmored scav. Honestly just use magnum and go for face shots. 1 pellet to the face can kill so it just a matter of spamming in the general upper torso direction and hoping RNG gives you a head/face shot. That sounds really stupid but throwing those dice is surprisingly dependable.
Vepr-136: One of the three “competitive” budget guns. If you need range and don’t mind giving up recoil and an automatic switch for armor pen then this is your jam. Grab one of these for 15k off the market, slap a butt-pad, m1b, and dynacomp on it, grab a handful of 30s with T45 for the cost of a slightly worn t-shirt, and you’re good to go. The only thing that really holds this gun back is the oversampling cap. I click at ~450 clicks per min and I slam right into that cap and get ~100-150 rpm out of it. Its really awful. That paired with the RoF link to FPS and you can imagine why taking this into cqc could be a bad idea.
AKMS / AKMSN: Only good for budget builds. Because the ammo is cheap you can spend more money on attachments. But the amount of money you would spend on attachments is so much, you might as well buy a better gun. I wouldn’t bother modding beyond a recoil pad, dynacomp, and M1B and pretending its a vepr-136 that can go full auto for CQC.
ADAR: Crazy good right now. 15k for a rec battery gets you a gun that reloads like lighting, who’s accurate, who’s ammo punches through lvl 4 for 191 rubles a pop with good recoil out of the box and has no rof cap (aside from the FPS limiting it of course).
FAL / M1A: Since the FAL was nerfed and the M80 wont go through full condition lvl 5, these don’t have a role in high kit. In medium kit however these are a nice alternative to the ak-74 or vepr hunter. They cost about 40-50k because of trades and they have access to large cheap mags. If you have a M1A then its fine as is, just put on a side mount. If you have an FAL put on a baskak and an extreme duty dust cover(if you did the NIXX trade then dont forget to rebuy the austrian muzzle break).
Makarov: One of two reasonably accurate pistols in game. If you’re going to carry a pistol as backup, carry this for face taps.
Saiga-9: Instead of doing pistol runs, do saiga-9 runs. No one will steal it, you can get it for the same price, you got 30s, and the recoil is only 47-195. For context a Makarov is 510-325 (and yes, that's five hundred and ten vertical recoil)
Kedr / Klin: probably my 2nd most used gun behind the 153 and…. Its pretty good for a 10-15k gun. Its cheap, it shoots cheap ammo, it has 1 slot 20 rounders, it has weird recoil / point of impact , and it sucks. If you wanna to pistol runs, do kedr runs instead.

-------------------------------------------------

Bad Guns (for the price / in comparison to other guns)


AKS-74U: Literally, the only reason to ever use this gun is because its funny or because you want a gun that’s very cheap, functionally accurate, automatic, and has cheap 30 round mags. If you consider using something other than FMJ in it then you would better spend your money buying an AKS-74 or AK-74M for 5k extra(or sometimes the same price). The only reasonable plays you can make are face shot barrel stuffs or tippy taps at range. Even automatic fire at like 15m has so much horizontal recoil that its basically useless. And if you spend the money to get the recoil down you might as well just buy a better gun and get low recoil that way. The only time the 74U can be remotely competitive is using it as a head tap DMR but even then you could use any other AK or adar for about the same price.
AKS-74 / AKS-74N / AK-74M/ AK-105 : These are basically just an AK-74 but slightly worse and occasionally cheaper. Just sell it or lightly mod it and use PP. If you dont have the money for PP then just use a PP-19.
AKM / AKMN: Its the best 7.62x39 gun in game and its just bad. It costs too much, the good ammo costs too much and doesn’t have enough pen for the price, and it has unacceptable recoil. There’s no reason to ever use this unless you can’t stand high recoil and must use a fully modded akm for that shoreline scav kill quest.
AK-103/AK-104: Imagine an AKM that’s worse and costs slightly less. Just dont.
AK-101 / AK-102: These are just meme / rp guns. They’re a better option than the AKM / AK-103 / AK-104 but that’s not saying much. They’re just expensive and have too much recoil. If you cannot stand the semi-auto of the adar these might be the only reasonable non-7.62x51 automatic for anti-lvl 4 because M855A1 is so dirt cheap.
SKS: A bad vepr-136 with the exception of having a higher RoF cap. Mags are stupid expensive, mags take forever to reload, and the recoil is stupid high. If you’re a sperg and can’t wrap your head around mags then do the filter trade, put a DTK-1 on an adapter, fill your pockets with T45 and you’re all ready to feed that sks to the next pmc you meet.
SVD: Its a bad M1A. Its too expensive, the mags cost too much, and it has a rof cap. No reason to use it other than the quest. Honestly, I’d take a vepr hunter over it because at least then I can spam in CQC.
MDR: So you can grab these for 40-50k on the market and after an RK-2 and Bulletec you’ll have the recoil of a maxed AKM with like 45 more horizontal recoil. So 80k for an extra shakey AKM in 556. So basically its useless, juse an ak-74.
TX-15: expensive adar with very slightly better recoil. If you care that much about recoil then just build an HK-416A5
MP-153: The only good slug shotgun and it sucks. People like it because you dont have to fiddle fuck with mags but the rof cap + the giga-longness + the slow reloads means CQC is is awful. Which means its only place in the meta is slugs and then its just a bad vepr hunter. But not like a “90% of the way there” bad, its a “30% of the way there” bad. I’ve probably used a 153 with slugs more than any other weapon in tarkov over these 7 or so wipes I’ve played and the whole time I’ve held the opinion that fucking christ the 153 with slugs sucks but lord is it fun. But with the CMS kits and the mosin and the vepr hunter. The allure of being a little shitling scuttling about has lost its charm. Breaking people’s arms and legs at range isn’t a raid ruiner, the mosin can do 1 shot chest taps now, and so can the vepr hunter. Its just not a vile bog of misery anymore. It’s just an underperforming gun that has been power creeped out of any relevance.
MP-133: bad mp-153. it literally don't even have iron sights
M870: mp-133 but expensive
Toz: is toz
Grach: imagine a saiga-9 but expensive and people can steal it easier
P226R: Imagine a grach but for people who wanna play dress up.
Glock 17: Imagine a P226R but for people who really really wanna play dress up.
Glock 18: Was pretty oppressive back when RIP could 3 shot your legs but now its just a DPS meme like it is in real life.
Shrimp: imagine a 5-7 but cheap and with no 1 tap chest hollow points. This is probably your best bet for the pistol kill quest.
5-7: imagine a shrimp but expensive and with hollow points that can 1 tap a chest. “But can’t all 9mm pistols do that?” ….yes but they’re half the price of RIP.
P-90: surprisingly similar in budget to the mp-7 but with less vertical recoil but more horizontal recoil and 50s instead of 30s…. So basically the p90 sucks.
MPX / MP5: mil-sim scum. In all seriousness they just cost so much for being such limp guns. I know people are SUPER FUCKING HYPED FOR AP 6.3 !?!??! but its just PMM with less damage. It wont ever got through a lvl 3 armor for christ sake.
TT: a makarov but it costs more and can go through lvl 2.
M9A3: sounds cool
APS: russian g18 that can’t use 9mm RIP. sucks
APB: Didn’t get nerfed with the APS so its a giga-cheap suppressed gun. But it handles like a shitty kedr and the kedr already handles like shit so keep that in mind.
RSASS: inflated price because of the quest, prob will never be viable until it gets a better mag or the M1A gets a recoil nerf.
VSS: imagine a AS VAL but you dont get that AR skill recoil reduction…. But its cheap. Its actually stupid cheap when you consider how much recoil it has and that SP-5 is basically 5.45 PP. You can get an AK-74 with a PBS-4 for 40k, and you can get an VSS for 40k, but you cannot get a suppressed AK-74 with VSS recoil for 40k, or 100k. The only thing holding the VSS back is the drop on it is stupid. I could go on a long hot ramble on how it could be fixed and how the way tarkov handles balistics calculations is dumb but that would take way too long. Basically only use it with sights that can zero to 25m and you’ll be fine unless you try to shoot at something beyond 50m.
AS-VAL: a slightly better VSS (because AR skill) but it costs 50-100% more
MP5K: bad kedr
Kedr-B: suppressed kedr that costs 25-30k
RPK: The recoil stats are basically the same as the AK-74 but maxed they both cost the same and the AK-74 gets recoil reduction from the AR skill so there’s just no reason to bother. The RPK is heavier, shoots at the same RPM, will have more ingame recoil, and sounds dumb.
Vepr-209: bad
Ash-12: unbelievably bad. Maybe if it was 20k from a trader and the ammo / mags were cheaper it might have a place in the meta. But that role would be a shitty vepr hunter that’s cheap.

PB: 25k silenced makarov…. Yeah naw
PM (t): fireball machine

------------------------------------------------------------

Modding:

I’m only going to cover the guns with a meta purpose that I didn’t mention how to mod in the above section.
M4A1 Max: (if I dont mention a part, its stock)
Pistol Grip: Ergo PSG-1 (only for ergo)
Stock: HK E1 (or BUS if you dont care about ergo)
Buffer Tube: Advanced (red has more accuracy)
Muzzle Break : Bulletek ST-6012 or AAC Blackout and SDN-6 (same recoil)
Backup sightst: Magpul MBUS Gen 2 (only for ergo)
Handguard: SAI QD Rail(long) + Jail Break
Foregrip: RK-2
Charging Handle: Raptor (only for ergo)
Barrel: 370mm
Upper: MUR
If you really care about min maxing you can put a cobra red dot on for an extra -1% recoil
HK 416A5 Max: (if I dont mention a part, its stock)
Pistol Grip: Ergo PSG-1 (only for ergo)
Stock: HK E1 (or BUS if you dont care about ergo)
Muzzle Break : Bulletek ST-6012 or AAC Blackout and SDN-6 (same recoil)
Backup sightst: Magpul MBUS Gen 2 (only for ergo)
Handguard: MRS 14" keymod
Foregrip: RK-2
Charging Handle: Raptor (only for ergo)
Barrel: 20”
If you really care about min maxing you can put a cobra red dot on for an extra -1% recoil
AK-74 Max (AKM is the same except for the lantac muzzle break)
Pistol Grip: US Palm (rk-3 weighs more)
Stock: Zhukov-S
Muzzle Break : CQB or PBS-4 to be suppressed (is 7% worse)
Dust Cover: Fab Defence PDC (highest ergo dust cover rail)
Handguard: CMRD
Foregrip: RK-2
Charging Handle: Extended (only for ergo)
https://i.imgur.com/siZK34s.png
The sweet spot is about the Zhukov-S + CQB + RK-0 + poly 100 has 58-153 recoil (which is about a maxed ak-105 but for 57k)
I used to determine the data points by an increasing budget but now I do it by the price / recoil gain of each next part. So buying a polymer stock costs more / recoil than the zhukov so I just skipped it. Also why I skipped to just using the RK-0.

-----------------------------------------------------------

Ammo Meta:

https://docs.google.com/spreadsheets/d/1jjWcIue0_PCsbLQAiL5VrIulPK8SzM5jjiCMx9zUuvE/htmlview?sle=true
Damage thresholds: 35 (1 tap to the head), 40 (2 tap the chest), 60 (break arms in 1 shot), and 80 (1 tap chest).
What we can derive from this is Magnum buckshot can kill with one pellet to the head. Igolnik won’t 2 tap. T45 will break arms in 1 shot so you can flinch people. M80, LPS, and 7N1 will 1 tap to the chest.
You should really derive your own conclusions about the ammo, this is just what I use.
anti-Lvl 3:
T45 for 7.62x39 for 70 rubles (PS isn’t a tracer but ps costs more and won't 1 shot arms)
PP for 5.45x39 for 152 rubles
M855A1 for 5.56 for 191 rubles(yes this is an anti-lvl 4 ammo, but m856a1 costs more than this)
SP-5 for 9x39 for 142 rubles
FMJ for 4.6 for 134 rubles
SS190 for 5.7 for 147 rubles
M80 for 7.62x39 for 237 rubles (also goes through lvl 4, there’s just no lower tier ammo)
LPS for 7.62x54R for 189 rubles (I just use 7n1 tbh)
Anti-lvl 4
M855A1 for 5.56 for 191 rubles
M80 for 7.62x51 for 237 rubles
7n1 for 7.62x54R for 322 rubles
Sp6, 7.62x39 BP, and AP SX cost too much to be considered for such an irrelevant threshold. Though its more relevant than previous patches due to the abundance of lvl 4. Though they’re usually pretty damaged.
Anti-lvl 5
5.45x39 BS for 554 rubles
The meta is just 5.45 BS or pay out the ass for sub-par return on investment.
5.56 995 for 800 rubles
9x39 BP is trade only, usually 1,000 rubles on the market
Not sure how much m61 costs yet, not worth it regardless and m62 is the same story.
submitted by JonseyMcDanes to EscapefromTarkov [link] [comments]

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