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Topics - techion

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France and Germany have agreed to block Facebook’s Libra cryptocurrency, the French finance ministry said on Friday.

In a joint statement, the two governments affirmed that “no private entity can claim monetary power, which is inherent to the sovereignty of nations”.

https://www.reuters.com/article/us-facebook-cryptocurrency-france-german/france-and-germany-agree-to-block-facebooks-libra-idUSKCN1VY1XU

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Tech Discussion & News / A New Business Model for the Web
« on: 17-09-2019, 00:22:38 »
Tech entrepreneur Stefan Thomas wants to create a version of the Internet that frees creative types from relying on ad money from YouTube or Instagram to support themselves. Instead, creators would be paid directly by their fans.

To this end, Thomas’s blockchain company, Coil, along with the non-profit groups Mozilla and Creative Commons, will distribute $100 million in grants to creators and others who embrace ad-free business models. On Monday, the groups said the money would be awarded through a fund called Grant for the Web over the next five years.

“The internet has gone from a place rewarding creativity, invention and substance, to one dominated by a few advertising dependent platforms that promote and incentivize anything that grabs and holds the public’s attention,” the groups said in a statement, explaining the new fund will focus on funding creators in a way that doesn’t undermine privacy.
A New Business Model for the Web? $100 Million Creators’ Fund Seeks to Break Tech Giants’ Monopoly

http://flip.it/2wNDh-

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Marc Andreessen, co-founder of venture capital firm Andreessen Horowitz, has said that cryptocurrencies could solve some of the internet’s biggest challenges.

According to a report by The Wall Street Journal on Sept. 1, Andreessen was speaking at a private conference organized by Andreessen Horowitz that hosted officials from the United States Treasury Department and financial regulators.

Crypto is like the internet
Per the report, Andreessen reiterated the popular comparison between cryptocurrencies and the internet. He said that the internet started as an information-sharing network for computer scientists and became the world’s information and commerce hub.

Mirroring the internet's evolution, he believes cryptocurrencies could adapt to bring solutions to pressing problems such as privacy, but only if U.S. regulators adopt a less stringent form of regulation.

Christopher Giancarlo, who was chairman of the Commodity Futures Trading Commission until he stepped down in July, warned cryptocurrency regulation should not be taken lightly, saying: “Some of the things you learned from your older VCs, this won’t transfer.”

Personal interest
If regulators classified cryptocurrencies as securities, investors like Andreessen Horowitz could face compliance issues or even lose money, according to The Wall Street Journal.

Andreessen Horowitz has also reportedly invested in firms that could grow if crypto regulation were to become more relaxed. Kevin Werbach, a technology scholar at the University of Pennsylvania who attended the conference, said:

“It wasn’t something they did purely out of altruism. [...] Everyone understands they are investors in the space and have viewpoints about what the regulatory environment should look like.”

In recent regulatory news, authorities in the state of Nevada announced that Bitcoin (BTC) and cryptocurrency ATMs need a licensing scheme and must conform to existing rules. https://cointelegraph.com/news/andreessen-horowitz-co-founder-crypto-a-solution-to-webs-challenges

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The FATF guidelines which were released on June 21, will require exchanges to collect and transfer customer information during transactions. The Forum commented on the move, saying "We reaffirm our commitment to applying the recently amended FATF Standards to virtual assets and related providers for anti-money laundering and countering the financing of terrorism."

While the move will add more credibility to trading digital assets across the globe, the cost for exchanges to implement such a practice could be costly, and collaborating with exchanges across the globe could also be a tremendously difficult task to accomplish.

G20 further stated that they are "closely monitoring" developments within the cryptocurrency space and will remain "vigilant to existing and emerging risks"

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Cryptocurrency / When and where is alt season?
« on: 03-07-2019, 12:13:28 »
Bitcoin looks set for more blood and could test lower $9,000 levels according to traders. Everyone will be expecting Bitcoin to possibly find support between mid-$8,000 levels and mid-$9,000 levels, which would allow altcoins some space to recover against Bitcoin. 

Alt season most likely does not look set to be happening anytime soon as most traders expect. While Bitcoin is still extremely volatile, alt coins have recovered slightly in BTC pair, however USD pairs continue to slide with Bitcoin. https://telegra.ph/Bitcoin-nearly-down-30-from-2019-high-where-is-alt-season-07-02

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It's going to take a while for folks who survived the last bear to shift their mindset to a bull market, including me.

These tips are mostly for long-term investors, but others may also find them useful.

In an early stage bull market:

Don't underestimate the greed which can overtake this market once FOMO starts to set in. Right now, we are just getting the very beginning of FOMO, mostly from old hands- retail and likely even institutions are not here in any significant capacity.
Don't try to stop a moving train by doing stuff like shorting, you will very likely get run over.
Don't try to jump from coin-to-coin if you are long term investor- you will almost always end up in the slow lane. You are possibly looking at 15x to 50x in returns. Don't get unnecessarily greedy.
Don't forget about short term capital gains if you live in the US or similar jurisdictions (usually taxed at a high marginal income tax rate). Get quality investments for planned 1+ year holding periods for long term capital gains treatment as quickly as possible.
Don't wait for retraces to get your long-term holding positions, you'll likely get left behind.
Don't get stupid with leverage, because a simple and short-lived retrace may leave you completely rekt, and from current valuations, taking that additional risk may be completely unnecessary to achieve life changing returns.
Don't worry about when a 30% to 40% retrace will happen- it very likely will, but the price might be 50% to 100% higher from what it is now when that happens.
Don't freak out when local retraces happen- hold and possibly add to your position, managing your overall risk and exposure appropriately.
Don't sweat day-to-day movements- the trend over the next 2.5 years or so is very likely to be up, up, up.
ttps://www.reddit.com/r/ethtrader/comments/c3pqz9/tips_for_surviving_and_thriving_in_an_early_stage/


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Cryptocurrency / Crypto/Bitcoin Memes
« on: 29-06-2019, 01:18:10 »


:D

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Apple / This is maybe the new Apple iPhone
« on: 29-06-2019, 01:10:38 »
Following the head-turning news that Apple will kill off its 5.8-inch iPhone X/XS/11 and replace it with a smaller 5.4-inch flagship, we can now visualise just how exciting this new model will be. And it’s a truly radical move which looks set to wrong foot all Apple’s major rivals.

Credit for this context goes to Swedish graphic designer Max Rudberg, who created a scale drawing of Apple’s new 5.4-inch powerhouse alongside the 5.8-inch iPhone XS, 4.7-inch iPhone 8 and 4-inch iPhone SE. While many expected an iPhone 8-ish size, thanks to its minimal bezels we can actually see the new model is almost the same size as the iPhone SE. https://www.forbes.com/sites/gordonkelly/2019/06/27/apple-new-iphone-upgrade-iphone-xs-max-xr/

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World’s First AI Universe Simulator Knows Things It Shouldn’t
"It’s like teaching image recognition software with lots of pictures of cats and dogs, but then it’s able to recognize elephants."
Great Mystery
Since we can’t travel billions of years back in time — not yet, anyways — one of the best ways to understand how our universe evolved is to create computer simulations of the process using what we do know about it.

Most of those simulations fall into one of two categories: slow and more accurate, or fast and less accurate. But now, an international team of researchers has built an AI that can quickly generate highly-accurate, three-dimensional simulations of the universe — even when they tweak parameters the system wasn’t trained on.

“It’s like teaching image recognition software with lots of pictures of cats and dogs, but then it’s able to recognize elephants,” researcher Shirley Ho said in a press release. “Nobody knows how it does this, and it’s a great mystery to be solved.”

Speedy System
The scientists detail how they created this universe simulator, which they’ve named the Deep Density Displacement Model (D3M), in a study published in the journal Proceedings of the National Academy of Sciences.

The goal was to teach D3M how to model the way gravity shapes the universe. To that end, they started by feeding the system 8,000 different gravity-focused simulations created by a highly accurate existing universe simulator.

That system needed 300 computation hours to create just one of its simulations, but after training on the data, D3M was able to produce its own simulations of a cube universe 600 million light-years across in just 30 milliseconds. Those simulations were more accurate than those of the existing “fast” systems, which need a couple of minutes to create a simulation.

Knowledge Gap
But speed isn’t the most remarkable thing about D3M.

That would be its ability to accurately simulate what the universe would look like even if the researchers changed parameters that weren’t included in its training data. For example, they could tweak the percent of dark matter in their universe, and D3M could accurately simulate that universe’s evolution.

In addition to helping physicists like Ho better understand the universe’s evolution, this strange behavior has the potential to help computer scientists better understand AI.

“We can be an interesting playground for a machine learner to use to see why this model extrapolates so well, why it extrapolates to elephants instead of just recognizing cats and dogs,” Ho said in the press release. “It’s a two-way street between science and deep learning.”

READ MORE: The first AI capable of simulating the universe works so well it’s scary [The Next Web]

More on computer simulations: Scientists Produce Most Precise Black Hole Simulations Ever

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Blockchains Needs Interoperability To Become Widely Adopted At Last. Face it: blockchain isn’t that new, mysterious thing it used to be anymore — at this point, some companies even deliberately try to use alternative terms like DLT because they think that the original dub is overhyped.

Nevertheless, blockchain is yet to solve its main dilemma. It has been more than 10 years since the original whitepaper’s release, and the technology is still not adopted at the industrial scale. While yes, numerous companies and governments across the world have been experimenting with the technology, the main consensus is that the technology is not “mature enough”.

So what are the main reasons for this lack of adoption? Lack of interconnectivity between blockchains!
More: https://finance.yahoo.com/news/let-clear-blockchains-needs-interoperability-164200278.html

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Apple / Jony Ive is leaving Apple
« on: 28-06-2019, 22:09:07 »
Jony Ive is leaving Apple after more than two decades in which his iconic designs for the Mac, iPod and iPhone turned one of Silicon Valley’s faded giants into the world’s most valuable company and defined a generation of consumer products. 

Sir Jonathan is setting up his own new venture, a creative business called LoveFrom, with Apple as its first client. The transition will begin later this year, with LoveFrom launching fully in 2020.  More here: https://www.ft.com/content/947e557a-98a8-11e9-8cfb-30c211dcd229

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Cryptocurrency / Bitcoin is mooning - 13K USD 1 BTC now
« on: 26-06-2019, 20:09:29 »
To the moonnnnnn - One bitcoin is worth over 13K usd right now.

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A new study by Cybersecurity company, Kaspersky, has revealed that as much as 20% of people worldwide own Bitcoin and other cryptocurrencies, relaying a little more about the progress of mass adoption.
There are two sure unchanging facts within the crypto industry, 1: the markets are fickle and 2: Bitcoin is scarce. The latter, however, is not often picked up upon by many, with mainstream media outlets and the average joe alike choosing to focus on the former - particularly as a reason not to hold cryptocurrencies.
However, this may be changing as more and more people around the world are apparently opting to purchase cryptocurrencies.
https://telegra.ph/Adoption-rising-20-of-people-in-22-countries-around-the-world-own-Bitcoin-06-23

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Cryptocurrency / Bitcoin can hit $100k in next bull run
« on: 26-06-2019, 16:58:31 »
Chief market analyst at ThinkMarkets, Naeem Aslam made a prediction last month that Bitcoin would surge past $10,000, even though it was struggling at around $8,000 at the time. Given the accuracy of his previous prediction,  Fox Business  has asked him to make another prediction. He says BTC can go as far as $100,000 in the next bull run.
As Aslam stated at the time, Bitcoin’s five-year trailing high percentage in June is 25.98%, which suggests that Bitcoin was poised to hit $10,712. Seeing as BTC is currently trading at $11,346 at the time of writing, it’s safe to say his prediction was accurate. No small feat considering how unpredictable the market can be. Now, Fox Business has asked Aslam for another prediction. According to the analyst, Bitcoin is only going one way: up.
Aslam notes that so long as Bitcoin stays above the 242-day moving average “I don’t see this thing coming down anytime soon” he says. In fact, Aslam states that Bitcoin could go as far as $60,000 to $100,000.
However, the analyst states that before we can start seeing those kinds of levels, Bitcoin first needs to break past its all-time high of $20,000. Once that happens, the next important level is $50,000 and $100,000 from there.
https://telegra.ph/Analyst-who-predicted-10k-says-Bitcoin-can-hit-100k-in-next-bull-run-06-25

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Cryptocurrency / Bitcoin Price Smashes Past $11,000
« on: 22-06-2019, 23:25:22 »

Around 12:00 UTC, investors bid the bitcoin price up to $11,215.89 on US cryptocurrency exchange Coinbase. The move pushed the asset up by 13 percent for the day, launching its month-to-date gains above 30 percent. The past 24 hours also saw bitcoin’s “real 10” volume, which eliminates suspicious trades, swell to $2.58 billion.
Libra, Fed Rate Cut, & US-China Trade War Pump BTC
The bitcoin price started climbing higher on Wednesday soon after the Federal Reserve announced its plans to cut interest rates in July. As CCN reported, the Fed’s move left the US dollar in a weaker spot, sending the benchmark S&P 500 Index and especially the haven asset higher in the coming sessions.

Cryptocurrency analysts speculate that investors are looking at bitcoin as an alternative hedge, owing to the uncertainty over a trade dispute between the US and China. Grayscale Investments stated in its new report that the ongoing tensions between the two economic superpowers left investors in China stranded with a weaker Chinese Yuan. In response, investors allegedly started hedging their capital into bitcoin. The report read:

“While it is still very early in Bitcoin’s life cycle as an investable asset, we have identified evidence supporting the notion that it can serve as a hedge in a global liquidity crisis, particularly those that result in subsequent currency devaluations.”

A part of bitcoin’s bullish sentiment also came in the form of Libra, better known as the Facebook cryptocurrency. Jasper Lawler of London Capital Group told CNN that the Facebook token would act as a gateway to the crypto market for its 2 billion users. The head of research added:

“Libra will expose 2 billion Facebook users to crypto. Because of its huge network of over 2 billion users, Facebook products cast a wide net. Libra will breed familiarity of cryptos to a much wider audience. Two billion people will now be much more open to Bitcoin and other altcoins.” more here: https://www.ccn.com/crypto/bitcoin-price-11000/2019/06/22/


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Despite the strong recovery of bitcoin in 2019 and its breach of a key psychological level at $10,000, it may take a long time for disgruntled retail investors to forget the brutal 16-month correction throughout 2018 and 2019.

As such, some investors like Vinny Lingham foresee bitcoin stabilizing at $10,000 for now after essentially tripling in the past six months. /source ccn.com

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Cryptocurrency / Surprising Google Data about Bitcoin
« on: 22-06-2019, 23:21:16 »
Surprising Google data suggests that the 2019 bitcoin price rally is only getting started.

“To be more clear, we looked at past fear of missing out (FOMO) periods; so when does bitcoin trade within three percent of its historical price levels and that was roughly $10,000 for bitcoin. And looking at the past bull cycles, once you breach that FOMO level, bitcoin typically rallies 200 to 400 percent.”
More here: https://www.ccn.com/crypto/google-surprise-bitcoin-price-boom/2019/06/22/

18
Cryptocurrency / Libra - the Facebook stablecoin is here
« on: 18-06-2019, 19:42:33 »
Facebook has announced a digital currency called Libra that will allow its billions of users to make financial transactions across the globe, in a move that could potentially shake up the world’s banking system.

Libra is being touted as a means to connect people who do not have access to traditional banking platforms. With close to 2.4 billion people using Facebook each month, Libra could be a financial game changer, but will face close scrutiny as Facebook continues to reel from a series of privacy scandals.

It could also be a welcome lift to Facebook’s profits: analysts are suggesting Libra could be a huge moneymaker for Facebook, arriving as its growth slows.

Technology to make transactions with Libra will be available as a standalone app – as well as on WhatsApp and Facebook Messenger platforms – as early as 2020. It will allow consumers to send money to each other as well as potentially pay for goods and services using the Facebook-backed digital currency instead of their local currency. /The Guardian

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Cryptocurrency / 4 reasons why Bitcoin will succeed
« on: 18-06-2019, 19:41:12 »
As a relative newcomer to Bitcoin, I have recently poured in every bit of available non-essential cash into bitcoin. I have known about it for quite some time, especially when it hit those crazy highs in 2017 but always felt it unhinged, and I never checked out anything about the technology itself. I started paying close attention in about March this year when BTC was at about $3,700, learning more about it, and now I am feeling like there is no better place to hold value.

​

I have a few thoughts regarding BTC that I have not heard expressed before anywhere and I wanted to share them to share and also see if it holds any water-

​

Bitcoin's great potential at this juncture in time is very interesting because the last big financial crisis occurred in 2008, before bitcoin was around. Knowing how business cycles and stock markets work, we are due for a correction in the near future. My brother in law who works in Bank of America small business loans division told me 2 years ago the bank is treating the situation like its "the bottom of the 7th inning". According to that mindset, it seems like we are in extra innings right about now. Once that hits, BTC has a strong potential to blast up due to stock market flight.

​

Second is that right now with the US political situation, with the absolute buffoon as president, the US Dollar and the US domination on the world's power stage has got to be receding, and quickly, but that doesn't reflect in daily life at all right now. With such a large entreprise as is the United States of America, we may already be, or heading towards, that peculiar situation depicted with the Road Runner and Wylie E Coyote where he begins to walk off the cliff, keeps taking steps and is as if on solid ground, until the Road Runner taps him on the shoulder, points down, he looks down to realize the situation, gasps, and begins to fall. As a Venezuelan, this is exactly what happened when the Bolivar went from 9.4 to 14 bolivares per dollar at the end of 2012, effectively crushing all foreign business interest in a two-week span and has been on a freefall ever since. The reason for it was due to the Dollars-at-a-discount policy where you could purchase up to $3,000 a year at the "preferential rate" of about 6 Bs/$ and everyone would just flip it instantly at 9.4Bs/ $ , effectively giving everybody in the country who requested it, free money. This didn't show its impact as it happened, but rather as one swift correction. Basically Wylie E Coyote. And the United States stock market is as hot as ever right now, with companies like Shopify posting 220% gains in 2019 alone and many others also crushing it this year, stuff is just not adding up how things are this hot so late in the cycle. Add to this the fact that the President himself is saying the country will enter the greatest recession ever if he's not re-elected, an inane comment but as we all know what he does best is hit you where it hurts most. In the back of our minds we should all know the party doesn't last forever. The reaction to such an event benefits bitcoin greatly. So we have an inept leader at the wheel, with China, Russia and basically everyone else in the world wanting the US to stop being the world's leader and father figure,  waging an electronic and covert war without escalating into fullblown conflict to position themselves as best as possible to take their opportunity whenever it presents itself, mainly, at the next financial crisis.

​

The bitcoin halving event in about a year will also cause good upticks for bitcoin, and the SEC approving Bitcoin ETFs and further expanding the client pool to receive Bitcoin exposure will create further demand and price rise. This part of the equation is where I am least understanding of, because a halving event in and of itself doesn't affect the situation so hard, especially with as much bitcoin in the market as there already is, and from little research, not specifically tied to any significant increase in bitcoin price.

​

So these here are my 4 reasons why I decided to plow what I got into bitcoin and I am not sure I have seen all of these reasons presented together anywhere I have researched lately. But I do believe in the next 18 months or so bitcoin will at the very least break through its all time high of 20k and most likely a lot more, perhaps really a serious multiplier more, depending on the timing of these things playing out. 

​

I am toying with the idea of taking out money from my house by refi'ing in order to place that money into a 10 year hold of bitcoin. I would still keep at least 20% of the home value in case it all goes south but that still allows me a good chunk of cash.


reddit.com/r/Bitcoin/comments/c1z0kt/daily_discussion_june_18_2019/

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Digital asset theft is on the rise, enabled at least in part by poorly secured credentials and APIs. Over $3 billion in assets were stolen by hackers in the past 18 months alone, and recently, cryptocurrency exchange Binance lost $40 million in bitcoin as the result of an insecure virtual wallet. Furthermore, cyber security firm CipherTrace reported recently that cryptocurrencies stolen from exchanges and scammed from investors surged more than 400% in 2018 to around $1.7 billion. https://venturebeat.com/2019/06/11/fireblocks-raises-16-million-to-securely-transition-digital-assets-to-blockchain/

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Cryptocurrency / Facebook's GlobalCoin
« on: 12-06-2019, 13:00:58 »

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Cryptocurrency / This is why we need Crypto
« on: 12-06-2019, 12:56:39 »
This picture is an example of why we need crypto money asap. The fees of transfering fiat money are just crazy.

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Bank Frick is a private bank, situated in the Central European principality of Liechtenstein. The financial institution was founded in 1998 and is currently headquartered in the area named Balzers. In March 2018, the bank started offering its professional trader and financial consultant customers the option of purchasing different cryptocurrencies, directly from the bank. These cryptocurrencies are Bitcoin, Bitcoin Cash, Ether, Ripple ,Litecoin, Ethereum Classic, NEM, Qtum, and Stellar. This makes them the first bank in the principality to offer these types of services. https://blog.bitsofgold.net/a-bank-in-liechtenstein-grew-its-traffic-by-900-by-selling-cryptocurrencies/

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Digital Marketing / Google's June 2019 core update
« on: 12-06-2019, 12:49:37 »
Google has announced that it will be releasing a new broad core search algorithm update. These core updates impact how search results are ranked and listed in the Google search results.

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That is, Mary Meeker is delivering her annual Internet Trends Report — the most highly anticipated slide deck in Silicon Valley — again at Code Conference 2019.

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