How to Start a Bitcoin ATM Business: Is It Profitable?

Century Pacific ups the Coco Wars ante against Axelum (Wednesday, August 20)

Happy Wednesday, Barkada --

The PSE closed up 88 points to 6157 ▲1.44%.

Thank you verneornitier for pat on the back, and to StefanJanobski for being a reader since before the lockdown. Remember those days? Back when it was possible to consider a packed restaurant or bar to be "great atmosphere"? That's how long they've been a reader! That seems like forever ago.
Thanks also to Bien for the nice email, and to Mark for his approval of my puns. My puns! Compliments like that are going to make my hair wet... you know, because my head will get tubig.

Daily meme | Join MB | Today's email

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submitted by DuncnIdahosBandurria to phinvest [link] [comments]

Balance of Power - An Idea for a New Expansion to Civilization VI

CIVILIZATION VI - BALANCE OF POWER
New paths to victory and new dangers are in the game from the very first turn to the very last! The way the game itself begins is altered, and each civ plays more differently than ever with each leader having a unique set of buildings and different ways to pursue victory from turn one. Each leader is faced with new dangers, vicious Warlords have risen up to lead the warring barbarian clans to plunder your empire, and Plagues wait to spread in crowded and mismanaged cities!
Those who master a remade economic system featuring Corporations and World Market can conquer the world with the almighty dollar with Financial Victory!
New Civs
Pacal - Maya
Hammurabi - Babylon
Tamerlane - Timurids
Sitting Bull - Lakota
Henry the Navigator - Portugal
Vercingetorix - the Gauls
Nelson Mandela - South Africa
Leader Traits - Every Leader Upgraded!
  • All Leaders now have a new property. Each leader has Traits (ie; Mansa Musa is Financial and Charismatic, Gandhi is Spiritual and Industrious) which provide minor bonuses that guide towards one type of victory or the other. When a new Era begins, you get to choose which trait you want to focus on upgrading and select from one path or the other.
  • The base traits give a slight bonus and also change what buildings may be built in a city when first built. These buildings act like the Monument, providing Loyalty and a bonus at full loyalty, giving different bonuses based on the Trait.
  • Further tiers of traits give additional bonuses and unlock more special buildings for the City Center, with the final tier unlocking a special Wonder.
More Barbaric Barbarians!
Beasts
  • At the very start of the game, Barbarians may only spawn beasts and will not form Encampments until all civs have researched Code of Laws. In the very first turns, aggressive Beasts such as Bears, Lions, and Wolves will stalk around the unexplored wild in large numbers. Beasts ignore any movement penalties and hunt down civilians left unprotected. Beasts will promote themselves for each era they remain without getting killed, making exploration treacherous later on.
Warlords
  • Barbarians are now split into factions led by independent AI personalities called Warlords that are far more vicious than barbarians in vanilla. A barbarian camp in a forest tile, for example, is controlled by Boudica who prefers to build her unique unit the Pictish Warrior from her camp. One on a plains tile is controlled by Attila whose unique unit is a Hunnic Horseback Raider.
  • Warlords are at constant war with everyone else in the game and will only build military units. They are removed from the game if all encampments or cities they control are destroyed. Whenever a player kills a barbarian unit or loses a unit to barbarians, or when a barbarian scout spots their cities and sounds the horn for other barbarians, they have the opportunity to negotiate with the Warlord. For example one may bribe a Warlord to attack a rival civ instead of them.
Warlord-controlled Cities
  • Warlords that have not yet been removed from the game will attempt to establish themselves as governor of city states that have no Suzerain or Diplomat governor, transforming it into a free city. They instantly establish themselves in free cities near territory they control and cities conquered by barbarian hordes.
  • Unlike player controlled governors, Warlords may establish themselves in an unlimited number of cities, and gain a title whenever they take over a new city unlocking a new unique unit. Any player can establish trade routes to Warlord cities.
  • Removing a Warlord from the game allows the player that does so to build their unique units.
  • Special World Congress proposals can be triggered to allow Warlords to have a vote in World Congress if they are controlling cities.
A new way to win!
  • Financial Victory is unlocked. Unify all nations under the almighty dollar by dominating the World Market!
  • To win the Financial Victory, you must build the World Bank. This late game wonder may only be placed in a city that houses a Corporation Headquarters and may only be constructed by a civilization whose Currency is the preferred Currency of foreign trade in a majority of civlizations.
Currencies
  • Players can now issue their own currency upon learning the Foreign Trade civic. Custom Currencies allow you to change the value of your Gold by backing it on another resource such as your supply of Stone/Oil or a feature of your cities like Loyalty. You can opt to change your currency's form (giant rocks, paper bills, bitcoin etc.) to change its value in certain methods of trade and artificially inflate or deflate it. You can also choose to erase any customization by resetting your Currency to the Gold Standard. This can give you an edge in diplomacy trades against weaker civilizations and leverage the bonuses of Trade Routes in your favor.
  • Your currency is traded in lieu of gold once it is created. A civilization trading with you will give you their currency in exchange for yours. Currencies have different rates of exchanged based on their value. If foregin trade begins to outpace your own ability to generate gold, you may end up in a situation where another civ's Currency is the majority of gold in your coffers, making it the preferred Currency of foreign trade. If this is the case, you will tap into that before your own money in trades with other civs, denying you the Financial Victory!
  • Should a civilization be eliminated by being fully conquered, their Currency will remain and be traded for, but its value will be reset to the Gold Standard, which can drastically change the economies of civs they interacted with.
World Market
  • Gain access to the World Market after the Banking technology is learned. All Resources have a value in the World Market based on how many are being improved. This effects their values and similarly the world currencies are measured against each other in a similar way.
  • It is a virtual stock market where each resource being worked is its own stock, and money can be invested into speculation about whether those stocks may change in value.
  • The civ that has more than 50% of the global supply of a resource gains a Monopoly on it, giving tiles with those resources extra bonuses for that civ.
Corporations
  • Corporations can be founded after the Economics technology is researched. Once a civ has a Monopoly on a resource, it can build a Corporate HQ in the city center corresponding to that resource. There are also Corporations that can be only be founded by late game Great Merchants. HQs, Offices, and Franchises give gold and production.
  • Corporations are independent AIs that will periodically spawn special builders from Corporate buildings to use their corresponding resource to make products for the resource owner.
  • These products have useful bonuses when traded, and citizens of civs that do not have them will demand them. Corporations working resources alters their value in the World Market, as do the effects of foreign demand for products.
  • Once you found a corporation, you can build Corporate Offices in other cities. If a city with a Corporate Office connects a trade route to a foreign city that does not already have a Corporate Franchise in it, a Corporate Franchise is created. Each Office and Franchise helps spread your Corporation's influence and increase the bonuses from hosting them.
  • Corporation AIs give quests in the way city states do and will speculate on resources they want in the World Market and may be bet upon or against like with resources and currencies.
  • When a city that has constructed a Corporation Headquarters is acquired or destroyed through any means by another civilization, that Corporation is immediately destroyed. All Offices and Franchises around the world are immediately closed, and the founding Civilization immediately loses all benefits from that Corporation.
  • A destroyed Corporation immediately becomes available to be founded again by any civilization in the world. There is no restriction in the number of times a Corporation may be established in a game.
History comes alive!
  • As certain tiles are randomly hit with Natural Disasters, Districts and Wonders are rarely effected by Events that force the player to make choices which have unique and permanent effects on the wider world.
Player Events
  • Your Capital City has Player Events, rare occurrences that temporarily sway your civ's government, such as the sighting of a comet in the sky requiring the player to decide how to interpret such an omen, or the rising of a revolutionary army within the capital forcing the player to address their concerns or get ready to fight.
  • Player events may also be decided by the state of diplomacy such as your people clamoring for war after being your civ is wronged by another, or suffering from war weariness in the midst of a prolonged conflict.
Local Events
  • Districts may be effected by more Local Events that change the way the city grows based on your choices.
Wonder Quests
  • Certain Wonders have special quests attached to them that occur in multiple parts and specially upgrade the target Wonder based on your choices once all parts are complete.
Plauges!
  • A new form of Natural Disaster has arrived to lay waste to careless leaders that refuse to protect their people, they are called plagues, and will temporarily reduce Loyalty in afflicted cities with a chance to reduce population each turn. Later on, nearby tiles will have their yields negated.
How they work
  • Plagues function mostly like the Black Death scenario, but to begin affecting cities requires that a city have low housing or amenities for too many turns. Plagues begin when cities first become short on housing or amenities for more than a few turns.
  • Players are given warning that plagues may begin to spread when enough citizens become unhealthy from having too little housing or amenties.
  • Spies may trigger plagues by sabotaging Medical Districts. Special bio-weapons can be generated, a new variety of nuclear warhead that start uncurable plagues with extremely high chance to reduce population each turn.
Medical Pavillions
  • Special districts that may be built and serve the same function as the Walled Quarter in the Black Death scenario. The upgrade buildings in Medical Pavilions are required to build later game and more powerful versions of the special plague-centric civilians in the scenario.
  • Medical Pavilions help keep your citizens healthy and bring out their higher potential, making specialists more powerful.
Strains and Cures
  • Plagues come in many strains based on the Era of the game. Earlier plagues do not spread to other cities, eventually clearing out on their own. Later on, they become more virulent and begin to gain new attributes such as negating tiles near cities or spreading via trade routes. Very late game plagues even have a chance to bypass the beneficial effects of Medical District buildings.
  • Once the World Congress is unlocked, emergencies can be triggered to send aid to plague-stricken cities and even for the world to join in an effort to cure the different strains of plagues to prevent them from ever arising again.
submitted by ZizZizZiz to civ [link] [comments]

Longtime PIA user here - Run, Don't Walk, Away from PIA in Light of the Merger

I was deeply disappointed to find out today that PIA is working on a deal to be acquired by Kape Technologies. Disappointed and concerned enough that I registered for my first Reddit account (I have a habit of lurking forums) just so that I could warn others of what this PIA sale really means.
To start, I've been a PIA user since Feb 2014 (about 4 months before this subreddit was started). My full-time job is in cybersecurity so choosing the right VPN was VERY important to me. Previously I worked in Digital Marketing where one of my tasks was to comb through all of the user data that companies collect and spam you with online advertising. Advertising and privacy are fundamentally opposed to one another; invading people's privacy so that I could swindle them out of their hard-earned money sucked, so now I'm firmly on the privacy side of things. Great. So what does this have to do with PIA?
In short, like many others, I did my own research into the best VPN for me. I am INTENSELY skeptical of anyone peddling an agenda and I can smell monetized bullshit from a few miles away. So the resource that I used to choose the best VPN was the almost perfectly unbiased comparison at https://thatoneprivacysite.net . A lot of PIA users are now asking "What VPN should I use now?" I would recommend taking a few minutes to check over either the Simple Comparison or Detailed Comparison on that site and reaching your own conclusion. For me, TRUSTING my VPN not to log my data so that they can sell it to advertisers was the absolute most important criteria. That trust depends on the actions and reputation of the company (which the linked site also addresses). Also, PIAs claim that they do not log individual user data has been tested and proven true in the past, when they were subpoenaed for user info by the FBI and could not provide it because they only had bulk anonymized data, not individual data. https://torrentfreak.com/vpn-providers-no-logging-claims-tested-in-fbi-case-160312/
For a long time, PIA was a guardian or privacy and anonymity; despite the PR campaign they are doing in this subreddit and even if PIA employees have the best intention, it is clear that their prospective buyer does not have the same stellar track record as PIA regarding: 1) not logging ANY user details and 2) using YOUR personal information (age, location, browser history, gender, income, race, etc) to bombard you with ads and try to get you to part with your hard-earned money.
For an idea of what to expect from PIA in the future, let's take a quick look at the CyberGhost US Privacy Policy (copied from their official website at https://www.cyberghostvpn.com/en_US/privacypolicy on 11/23/19). CyberGhost is a VPN service that would be owned by Kape Technologies, a sister company to PIA:

"Sharing Your Personal Data

We do not share, sell, rent or trade your Personal Data with third parties other than as disclosed within this Privacy Policy. We may disclose your Personal Data to any member of our group of companies (this means our subsidiaries, our ultimate holding company and all its subsidiaries) insofar as reasonably necessary for the purposes set out in this Policy."
OK, not too bad at first glance: "We do not share, sell ... your Personal Data" except, wait a second, there's a shit-ton of asterisks and half-truths here. The Privacy Policy goes on to explicitly list these 3rd parties that will be given YOUR LOGGED USER DATA:
Cleverbridge - https://www.cleverbridge.com/corporate/privacy-policy/Stripe - https://stripe.com/us/privacy/ZenDesk - https://www.zendesk.com/company/customers-partners/eu-data-protection/VWO - https://vwo.com/privacy-policy/
Oh wait, but now they slipped in a bunch of asterisks at the end:
"Lastly, we may share Non-personal Data associated with the use of our Website and the Services with 3rd part suppliers for the purposes of optimization of our Website and Services as well customer analytics and fraud prevention (e.g.VWO, Appsflyer, Google, Mixpanel, Instabug, BugSplat, OpenX, etc). These third parties will use Non-personal Data and/or Personal Data relating to your use of our Website to evaluate your use of the Website, compile reports on Site activity and provide other Site activity and internet related services, all in accordance with their applicable privacy policy. Please refer to our Cookie Policy for further information on the use of Non-Personal Data by our 3rd Party Service Providers."
OK, CyberGhost's Privacy Policy ain't so private any more. That last clause just said that Google, Mixpanel and a bunch of other services are going to be provided YOUR INFO by CyberGhost. And the slap in the face: "all in accordance with their applicable privacy policy." Yes, CyberGhost is providing YOUR PRIVATE USER DATA to Google, to be used how Google sees fit. We already know what that means: collecting and monetizing everything we can get our grubby hands on. No matter what they may say, Google and it's supporters are NOT champions of privacy. Google was my primary supplier in that Digital Marketing job when I was buying user info and spamming the shit out of people with their own personal info that was being siphoned from them.
Ugh, can you see why even being associated with CyberGhost and it's parent company (Kape Technologies) is an exhausting privacy disaster waiting to happen? This is why PIA users need to GTFO. It was a good run with PIA but when you look at the facts (from Kape's own websites), you can see that this is the end of the line for true no-logging privacy and anonymity with PIA.
Now to address the insistence that "PIA will never change or compromise our values on privacy," I would like to cite some other acquisitions where "our values never changed:"
Nest Labs acquired by Google - your WiFi and Bluetooth-connected Thermostat now gives Google a window into your schedule, other nearby devices, and neighbor's devicesBlizzard Entertainment acquired by Activision - actual quote for the now-CEO of the company that makes Overwatch, WoW, Hearthstone, etc:" [we don't want games that] don't have the potential to be exploited every year on every platform with clear sequel potential and have the potential to become $100 million franchises. … I think, generally, our strategy has been to focus… on the products that have those attributes and characteristics, the products that we know [that] if we release them today, we'll be working on them 10 years from now." https://arstechnica.com/gaming/2008/11/activision-if-we-cant-run-a-game-into-the-ground-we-dont-want-it/Ring acquired by Amazon - you know where this is headed. Super-convenient doorbell cam company sells all your info to Amazon, Amazon partners with Police Departments to provide your footage to them in real-time on demand. Haven't checked their privacy policy and practices, but that's a huge red flag for a camera outside your home, but think about all of those Ring "security cameras" INSIDE your home and the footage that could end up in police hands. Yikes.
TLDR version:PIA used to be an excellent service because they truly did not log user activity, once were actually subpoenaed for user activity and said "we don't have those logs to provide to you." They also completely stopped all servers and business in Russia when the government there pressured them to start logging user data. The company that's now buying PIA does not have as good of a track record. In fact, as pointed out above, they are currently logging user info and willingly providing it to Google, Mixpanel, and other "aggregators (read: collectors and sellers)" of personal data. In short, the PIA gravy train is over. Visit https://thatoneprivacysite.net (I have no affiliation with this site, it just seems to have the least agenda of any "recommendations" I've heard so far) and decide the VPN that is best for you. For PIA users that chose their VPN service based on trust and promise of no-logging, look at Mullvad https://mullvad.net/en/ and Windscribe https://windscribe.com . No matter which VPN you are interested in, look for unbiased and independent reviews (aka free of monetization and ads) and READ THE FULL PRIVACY POLICY.
Edit: added link to TorrentFreak article supporting PIAs claim that they do not log individual user data
Update: Both Mullvad and Windscribe seem to be what many users in this subreddit are looking for as an alternative to PIA. It seems like we haven't found too many other services that value user privacy as much. You can get free trials for both Windscribe and Mullvad at the links directly above. I am currently signing up for Mullvad because it's signup process is close to anonymous: you request a user account number on their site, they give you the number and then this becomes your account credentials. Then you can choose from several anonymous (and not anonymous) methods. After they get your payment, they turn on your service. I paid with Bitcoin for anonymity and this transfer is currently being processed. I expect Mullvad to be a bit more "hands-on" and require more manual user setup. If you're looking for a quicker and easier transfer, check out Windscribe. If anyone has other suggestions for truly no-logging VPN providers, we'll research them and add here for more options.
submitted by rogerflog to PrivateInternetAccess [link] [comments]

Sàn Senity là gì? Hướng dẫn chi tiết kiếm tiền sàn Senity từ A-Z

Sàn Senity là gì? Hướng dẫn chi tiết kiếm tiền sàn Senity từ A-Z
Trong bài viết này Đầu Tư Thụ Động sẽ đánh giá sàn Senity là gì? Và hướng dẫn cách kiếm tiền sàn Senity.io – đây là sàn giao dịch mới ra mắt.Nên có lẽ rất nhiều NĐT đang muốn tìm hiểu ở bài viết này.

Sàn Senity.io là gì?

Senity.io là sàn giao dịch quyền chọn nhị phân (Binary Options) trong thị trường tài chính hay còn gọi là giao dịch phái sinh quốc tế mới được đánh giá là khá ổn trên thị trường ở thời điểm hiện tại về cả mức độ thanh khoản, độ mượt mà của sàn và cả cộng đồng tham gia rất lớn mạnh.
Xem bài viết chi tiết: Kiếm tiền sàn Senity.io là gì?
Sàn Senity là gì?

Senity có lừa đảo không?

  • Senity giao dịch dựa trên sự suy đoán về tỷ giá giữa cặp tiền Bitcoin và USD trong mỗi phiên giao dịch.
  • Theo mình thì sàn BO nào giao diện càng thân thiện & đơn giản thì càng tốt vì việc trade BO bạn chỉ việc phân tích và đưa ra quyết định của mình với tỉ lệ 50-50 vì thị trường chỉ có 2 chiều lên và xuống
  • Khác với các hình thức đầu tư tài chính khác, giao dịch quyền chọn nhị phân rất đơn giản và hoàn toàn phù hợp với cả những nhà đầu tư mới. Chỉ bằng cách đưa ra dự đoán xu hướng tăng hoặc xu hướng giảm của thị trường, nếu dự đoán của bạn chính xác bạn sẽ được tiền, nếu dự đoán sai bạn sẽ mất tiền.
  • Đối với thị trường BO, điều quan trọng nhất không phải là bạn có số vốn lớn, mà là bạn cần phải có kỷ luật trong giao dịch. Ngoài ra nếu bạn có khả năng quản lý vốn và khả năng phân tích thị trường bạn sẽ đủ khả năng để khống chế thị trường.

Phương pháp kiếm tiền Senity

Khi bạn đầu tư Senity, bạn sẽ bất ngờ về việc làm đại lý cho sàn Senity. Điều này sẽ giúp bạn kiếm tiền Senity rất nhiều. Điều tôi muốn nói đến là đăng ký đại lý sàn Senity.io (Franchise)
Đầu Tư Thụ Động dành riêng cho NĐT của mình bằng việctặng ngay 25$ đối với ai đăng ký làm đại lý (Franchise) của sàn Senity.io.
Xem thêm các phương pháp đầu tư Senity.io hiệu quả: https://daututhudong.info/senity/#Cach_dau_tu_san_Senity_hieu_qua

Dành cho nhà đầu tư

Hỗ trợ 24/7, tránh sai sót, lừa đảo, mua đô nội bộ và nhận thưởng 25$. Vui lòng liên hệ trực tiếp với thông tin sau:
Phone Admin: 0937.661.646 (Call, Zalo)
Fanpage: Đầu Tư Thụ Động
Telegram: Đầu Tư Thụ Động
submitted by daututhudong to u/daututhudong [link] [comments]

Plan To Recover Our Losses


Background on the Initiative

My name is Matt. I’ve lived in Calgary my whole life, and been running businesses and programming since I was 10 years old. I’m a recent graduate of the University of Calgary in a business and computer science double major, and I currently manage the software team (6 students) at a small Calgary IoT startup. My past business experiences include running a window cleaning franchise across 6 communities, a popular concession stand, and a free web hosting service with over 10,000 clients.
I first got involved with cryptocurrency in 2017, when we had the big run up. Prior to that, I’d done a ton of research but never actually invested. While my losses in Quadriga are significant, they’re nowhere near some of the losses I’ve been hearing about. I’m fortunate to be in a “walk away” position if I so choose and I more or less did for the first week. But I couldn’t stay away. It isn’t right. Especially not now when the solution is so close and the potential impact is so significant.
Quadriga Initiative is the result of 6-7 months of on and off brainstorming, collaboration, and iteration around the central goal of recovering what's been lost.
The money is almost certainly not accessible. (I'm pretty sure it would have been found already.) We'll all get something from the bankruptcy, and I appreciate the legal team and official committee working hard on our behalf, but I fear it won't even come close to making up for what was lost. For many people - their whole life savings. It's not a very satisfying recovery. It doesn't leave anyone whole. It leaves a lot of people behind.
Without funds to pull from, any full recovery solution has to center around creating new value. Entrepreneurs and business leaders are creating value every day, and this is where the idea comes from.
We take advantage of the fact we have a large affected user community, tons of economic bargaining power, and a vast network. Many in the business community were affected, know someone who was affected, or feel horrible about what happened. My discussions with business leaders have shown that they generally desire to make this right, and businesses regularly do "goodwill" donations or gestures for marketing. The Quadriga Initiative provides a way businesses can help easily and in a "win win" way by running token-accepting promotions. We then provide a competitive framework that helps to promote businesses which make the biggest impact, highly incentivizing a faster recovery.
At this stage, everything is more or less ready. We have a primary exchange partner, a growing team of affected users, and multiple business connections. What remains is the incredibly tough challenge of creating trust and understanding among a community that's been completely devastated in the worst way. This is no easy task.
We need your help! If things don't make sense, or you still have questions, or you don't understand something, please take the time to ask and reach out! In addition to commenting here, please feel free to chat with us on Telegram: https://t.me/QuadrigaInitiative



Where Does the Money Come From?

The money (value) comes out of the profit margin of businesses. Businesses normally sell a product or service at a profit over the cost of production. Instead, a business would sell the product or service at a discount (less profit), accepting tokens in place of the difference.
While this may seem generous, like the business is giving something away, it also benefits the business as well:
Once a successful marketplace is established, affected users will have a multitude of businesses where they can spend tokens and get good deals. As well, other consumers can buy the tokens at a discount (supporting affected users), then use them to save money.
The leaderboard and large affected user community give a strong advantage to businesses to participate and offer the best deals. Businesses that have recovered the most are rewarded with more people seeing their promotion (free advertising).



The Various Uses For Tokens

Our Partner Exchange: Tokens will be tradable and accepted at face value towards the trading fees on the partner exchange. A trader who wants to save money on trades can stock up on the tokens to gain a discount over other customers who don't bother. The tokens can be used towards 50%-100% of the trading fees depending on the calendar date. This means a heavy discount for affected users and is essentially a price segment for the exchange.
In addition, the primary exchange partner we have is looking into giving back a small portion (15%) of gross trading revenue towards cashing tokens. This is done to incentivize the affected user community to spread the word about the exchange.
Participating Businesses: Businesses in the community accept the tokens towards purchases to promote to Quadriga victims, supporters, and deal seekers. It functions similar to a discount, where the tokens are applied as a portion of the sale price, with a few additional advantages for the business:
Businesses sell promotions for tokens, and send the tokens to a burn address that encodes the business website URL. To further encourage business participation, a leaderboard is set up to promote those businesses which have burned the most tokens. The leaderboard is a useful place to go shopping if you have tokens. You can find businesses who take them and get the best deals. All information is on the blockchain, enabling anyone to set up a leaderboard or start accepting tokens.



Token Flow Diagram

The linked diagram is a handy visualization of the initiative and how the various parties interact:
https://www.quadrigainitiative.com/Quadriga%20Initiative%20Diagram.pdf
The complete initiative is a full marketplace, enabling the beneficial (win win) interaction of all parties and the gradual recovery of losses over time. The token supply is finite, limited by the amount of losses we can verify, and all tokens eventually get cashed for $1 worth of products/services (or primary exchange gross trading revenue) as the program runs.


Our Primary Exchange Partner

Since the primary exchange is handling validation and distributing the tokens, it's important they be trustworthy. Given the history with Quadriga, most affected users (including every member of our team) are legitimately concerned about anyone losing their funds again. This is the primary reason we've selected to work with TxQuick.


Proof of Reserves and Why It Matters

In case you missed them, so far this year we've seen 3 large scale exchange collapses:
Each one represents massive losses for those involved - hundreds and thousands of affected lives. These are real people and families at the other ends, with hopes and dreams, who worked hard for their money.
In the case of QuadrigaCX, it took the freezing of the bank accounts, the death/disappearance of the CEO, and concerted legal action to even realize it was insolvent.
Exchanges can easily continue to operate for years with whatever level of reserves they like. Third party audits are riddled with holes like:
On top of that - most exchange platforms still don't even bother to audit. Despite the warnings about storing funds on exchanges, people still do. And remember that many affected users weren't storing funds on Quadriga - they simply got stuck with no way to withdraw.
Proof of Reserves asks exchanges to:
What it doesn't prevent:
What it does prevent:
Check this link for more details on Proof of Reserves, including the full hash tree algorithm.
Despite the relative simplicity of publishing wallet keys, the vast selection of exchanges we have in Canada, and the many millions of dollars stored, not a single exchange has done so. The hash tree algorithm has existed since 2014. It's presently on one exchange (last audited in 2014).
We feel that Proof of Reserves is key to preventing future exchange collapses, which is why we are so pleased to have a primary exchange partner which will be implementing the full algorithm. While we can't control other exchanges, traders now have an option to use an exchange which proves full backing of all deposits and we hope this will encourage wider adoption and greater industry transparency.


Timeline for the Initiative

The initiative process breaks down into roughly 3 stages:
Pre-Claim Stage - We are working to save affected user balances for later validation, as well as determine if there is sufficient interest in the project. This is ongoing.
Exchange Stage - We bring the primary exchange online, and process claims. Recovery starts through exchange trading fee discounts and eventually gross trading revenue. The exchange platform is expected to launch within a few months.
Marketplace Stage - Once we have enough individuals with tokens, we bring in the first businesses from the wider community. After we have several initial businesses, the marketplace grows organically as more businesses sign up over time. This is approximately a year after launching the exchange.
Full recovery (all losses) is likely to take multiple years, anywhere from 2 to 25 years. There are a lot of factors to consider.


Verification of Claims

Accurately capturing losses is key. Businesses are interested in helping honest victims of a crime who had their money stolen from them, and not too interested in supporting any fraud. We've been working hard to make our process as easy as possible for affected users, while being as hard as possible for false claims (claiming wrong amounts, losses of others, or fake claims).


How To Sign Up

If you wish to participate, please sign up at https://www.quadrigainitiative.com/.
You can do a pre-claim to save your balance, or an email only sign up just to show interest and get the launch email.



How You Can Help

We are stronger together!


Thanks so much!
submitted by azoundria2 to QuadrigaCX [link] [comments]

Quadriga Initiative - Additional Information and Clarifications

Quadriga Initiative - Additional Information and Clarifications

Introduction / Summary

The Quadriga Initiative is an independent process where affected users and businesses in the community work together to recover losses from QuadrigaCX. An exchange (the primary exchange) will verify claims and distribute free tokens representing losses. Tokens will be accepted at the primary exchange and by participating businesses at face value. There is a white paper here with more detail:
https://quadrigainitiative.com/Quadriga%20Initiative.pdf
If you wish to participate in the Quadriga Initiative and receive free tokens representing your loss, there is a pre-claim process now open. A pre-claim uses your QCX client ID, first name as registered on the QCX platform, and a valid email address to copy your balance information and associate it with your email address.
https://quadrigainitiative.com/
Although a personal email will work, it is recommended for privacy and security to set up a new "forwarder" email account that doesn't personally identify you, with a unique password. Make sure that whatever email process you set up is one which still works to reach you in a few months time.
  • We are a community initiative which is not connected with the bankruptcy process. Participation does not impact your bankruptcy claim. You can find the official bankruptcy information on the Miller Thompson website.
  • We have taken all reasonable measures to protect our website and stored data against SQL injection. The website back-end is simple, all input is sanitized, and all access passwords are 16+ character full random. (I have a background in web hosting.)
  • There is no cost to participate and the pre-claim process takes approximately 3 minutes.
  • Please be sure to keep a copy of your bankruptcy claim paperwork for later validation!


Background on the Initiative

My name is Matt. I’ve lived in Calgary my whole life, and been running businesses and programming since I was 10 years old. I’m a recent graduate of the University of Calgary in a business and computer science double major, and I currently manage the software team (6 students) at a small Calgary IoT startup. My past business experiences include running a window cleaning franchise across 6 communities, a popular concession stand, and a free web hosting service with over 10,000 clients.
I first got involved with cryptocurrency in 2017, when we had the big run up. Prior to that, I’d done a ton of research but never actually invested. While my losses in Quadriga are significant, they’re nowhere near some of the losses I’ve been hearing about. I’m fortunate to be in a “walk away” position if I so choose and I more or less did for the first week. But I couldn’t stay away. It isn’t right. Especially not now when the solution is so close and the potential impact is so significant.
Quadriga Initiative is the result of 6-7 months of intense brainstorming, collaboration, and perpetual iteration around the central problem of how to recover what's been lost.
The money is almost certainly not accessible. (I'm pretty sure it would have been found already.) We'll all get something from the bankruptcy, but for most of us I fear it won't really make up for what was lost. For many people - their whole life savings. It's not a very satisfying recovery. It doesn't leave anyone whole. It leaves a lot of people behind.
Without funds to pull from, any full recovery solution has to center around creating new value. Entrepreneurs and business leaders are creating value every day, and this is where the idea comes from.
We take advantage of the fact we have a large affected user community, tons of economic bargaining power, and a vast network. Many in the business community were affected, know someone who was affected, or feel horrible about what happened. My discussions with business leaders have shown that they generally desire to make this right, and businesses regularly do "goodwill" donations or gestures for marketing. The Quadriga Initiative provides a way businesses can help easily and in a "win win" way by running token-accepting promotions. We then provide a competitive framework that helps to promote businesses which make the biggest impact, highly incentivizing a faster recovery.
At this stage, everything is more or less ready to launch. We have a primary exchange partner, a small team of affected users, and multiple business connections. What remains is the incredibly tough challenge of creating trust and understanding among a community that's been completely devastated in the worst way. This is no easy task.
We need your help! If things don't make sense, or you still have questions, or you don't understand something, please take the time to ask and reach out! In addition to commenting here, please feel free to chat with us on Telegram: https://t.me/QuadrigaInitiative



Where Does the Money Come From?

The money (value) comes out of the profit margin of businesses. Businesses normally sell a product or service at a profit over the cost of production. Instead, a business would sell the product or service at a discount (less profit), accepting tokens in place of the difference.
While this may seem generous, like the business is giving something away, it also benefits the business as well:
  • The business can get additional sales. Even though the profit per sale is less, the business still makes profit on those additional sales.
  • The business can find new customers. Even if a business sells a product or service "at cost" (meaning zero profit), they've established a relationship. The customer may buy other products or services in the future, or it could be part of a subscription.
  • The business is seen positively as "giving back", creating a better future, helping fraud victims, etc...
Once a successful marketplace is established, affected users will have a multitude of businesses where they can spend tokens and get good deals. As well, other consumers can buy the tokens at a discount (supporting affected users), then use them to save money.
The leaderboard and large affected user community give a strong advantage to businesses to participate and offer the best deals. Businesses that have recovered the most are rewarded with more people seeing their promotion (free advertising).



The Various Uses For Tokens

The Primary Exchange: Tokens will be tradable and accepted at face value towards the trading fees on the primary exchange. A trader who wants to save money on trades can stock up on the tokens to gain a discount over other customers who don't bother. The tokens can be used towards 50%-100% of the trading fees depending on the calendar date. This means a heavy discount for affected users and is more or less a price segment for the exchange.
In addition, the primary exchange partner we have at the moment is looking into giving back a small portion (15%) of gross trading revenue towards cashing tokens. This is done to incentivize the affected user community to spread the word about the exchange.
Participating Businesses: Businesses in the community accept the tokens towards purchases to promote to Quadriga victims, supporters, and deal seekers. It functions similar to a discount, where the tokens are applied as a portion of the sale price, with a few additional advantages for the business:
  • It price segments. The business doesn't lose revenue on customers who would have paid full price. With a 20% discount, the business loses revenue on some customers who would have bought anyway. Nobody likes to throw away free money.
  • It can run continuously. A 20% discount running continuously would mean the perceived value of the product would just be 20% less. A promotion accepting tokens can run long-term, enabling the business to attract more customers with less effort.
  • It's a give-back play, showing the business is caring about the wider community, and maybe has a larger agenda than pure profits. (ie Trying to create a better future.)
Businesses sell promotions for tokens, and send the tokens to a burn address that encodes the business website URL. To further encourage business participation, a leaderboard is set up to promote those businesses which have burned the most tokens. The leaderboard is a useful place to go shopping if you have tokens. You can find businesses who take them and get the best deals. All information is on the blockchain, enabling anyone to set up a leaderboard or start accepting tokens.



Token Flow Diagram

The following diagram is a handy visualization of the initiative and how the various parties interact:
Quadriga Initiative Diagram
The complete initiative is a full marketplace, enabling the beneficial (win win) interaction of all parties and the gradual recovery of losses over time. The token supply is finite, limited by the amount of losses we can verify, and all tokens eventually get cashed for $1 worth of products/services (or primary exchange gross trading revenue) as the program runs.


Our Primary Exchange Partner

Since the primary exchange is handling validation and distributing the tokens, it's important they be trustworthy. Given the history with Quadriga, most affected users (including every member of our team) are legitimately concerned about anyone losing their funds again. This is the primary reason we've selected to work with TxQuick.
  • TxQuick is being developed by Ethan Burnside, who has demonstrated his integrity in 2012-2013 when he ran BTC Trading Corp. When it was shut down, he spent significant personal funds to keep it running so everyone could get their money out - likely the only time in history that an exchange shut down and everyone got their funds. You can learn more about him from his post here.
  • We've had extensive discussions on Telegram about security. Ethan is open, transparent, and extremely knowledgeable. He has invested heavily in developing a system of secure multi-sig wallets. His previous exchange was never successfully hacked. If you have any questions, Ethan is happy to answer them!
  • Ethan is strongly in favour of publishing wallet public keys. The exchange will feature a full transparency page to allow anyone to see that all funds are fully backed. In the future, a full proof of reserves will be deployed to assure all customers that their balances are represented.
  • In addition to the token validation/verification function:
    • TxQuick will be the first platform to allow buying and selling of the tokens.
    • TxQuick proposes to accept the tokens at face value towards trading fees on the exchange. Affected users can use tokens to get free or discounted trading (50%+ off).
    • TxQuick will also handle a slow token payback, enabling tokens to be exchanged 1:1 for cash over time using 15% of gross trading revenue.
  • This proposal is subject to approval by the TxQuick board. It could be changed. There is a necessary interest level from the affected user community of at least 1,000 sign-ups.
  • While it might seem like Ethan is being super generous and giving a lot away for free, again this is mutually beneficial (win win). Here are some of the benefits to the primary exchange:
    • Lots of sign-ups from affected users and, later, interested consumers, many of whom will stay to use the platform. Ethan desires to achieve a dominant position in the Canadian marketplace.
    • The token program provides an effective price segment, increasing revenue over time. (Low prices = lost profit, high prices = less customers, price segment = more profit and customers.)
    • Customers with recovered funds are likely to be more loyal and prefer the platform, and the profit share incentivizes spreading the word about the platform. (Interests are aligned.)
  • It is not required to use the primary exchange platform for trading or deposit any money. You are free to sign up, receive your free tokens, and continue trading on any other platform or just use the marketplace.


Proof of Reserves and Why It Matters

In case you missed them, so far this year we've seen 3 large scale exchange collapses:
  • QuadrigaCX
  • EZ-BTC
  • Cryptopia
Each one represents massive losses for those involved - hundreds and thousands of affected lives. These are real people and families at the other ends, with hopes and dreams, who worked hard for their money.
In the case of QuadrigaCX, it took the freezing of the bank accounts, the death/disappearance of the CEO, and concerted legal action to even realize it was insolvent.
Exchanges can easily continue to operate for years with whatever level of reserves they like. Third party audits are riddled with holes like:
  • How can they possibly know the client list they're given is legitimate and fully inclusive?
  • How can you know the funds weren't borrowed for the audit purposes?
  • How old is the report? How can you trust the auditor?
On top of that - most exchange platforms still don't even bother to audit. Despite the warnings about storing funds on exchanges, people still do. And remember that many affected users weren't storing funds on Quadriga - they simply got stuck with no way to withdraw.
Proof of Reserves asks exchanges to:
  • Publish the wallet public keys so people can see that funds are fully backed. (A satoshi test can prove ownership of those wallets.)
  • Publish a hash tree to let each customer validate that their balance is included in the total.
What it doesn't prevent:
  • Same as presently, if funds are not secured in proper multi-sig wallets or multiple exchange operators are corrupt, the funds could still be taken, up to what's stored. However, this would be immediately known to everyone instead of revealed whenever admins felt like it (or never).
  • The balances of customers who never check the hash tree could be excluded by a dishonest exchange, which wouldn't be noticed until one of those customers decided to check.
  • A dishonest exchange could still dispute the balance of a customer or arbitrarily prevent withdrawals. In this case, the customer and exchange would have to sort that out.
  • A dishonest exchange could pretend to own wallets it doesn't. A satoshi test would help with this, where the exchange operators send a small amount at a specified time.
  • While it makes things safer, it's still not a good idea to store funds on the exchange.
What it does prevent:
  • The exchange owner can't spend funds of active customers, and still claim to hold them.
    • ie QuadrigaCX, EZ-BTC
  • The exchange owner can't conceal if funds are hacked or stolen. It becomes known immediately.
    • ie Mt. Gox, Cryptopia
  • Anyone can see if the exchange is solvent before trading.
    • ie Anyone with "bad timing" using an insolvent exchange.
Check this link for more details on Proof of Reserves, including the full hash tree algorithm.
Despite the relative simplicity of publishing wallet keys, the vast selection of exchanges we have in Canada, and the many millions of dollars stored, not a single exchange has done so. The hash tree algorithm has existed since 2014. It's presently on one exchange (last audited in 2014).
We feel that Proof of Reserves is the key to preventing future exchange collapses, which is why we are so pleased to have a primary exchange partner which will be implementing the full algorithm. While we can't control other exchanges, traders now have an option to use an exchange which proves full backing of all deposits and we hope this will encourage wider adoption and greater industry transparency.


Timeline for the Initiative

The initiative process breaks down into roughly 3 stages:
Pre-Claim Stage - We are working to save affected user balances for later validation, as well as determine if there is sufficient interest in the project. This is ongoing.
Exchange Stage - We bring the primary exchange online, and process claims. Recovery starts through exchange trading fee discounts and eventually gross trading revenue. The exchange platform is expected to launch within a few months.
Marketplace Stage - Once we have enough individuals with tokens, we bring in the first businesses from the wider community. After we have several initial businesses, the marketplace grows organically as more businesses sign up over time. This is approximately a year after launching the exchange.
Full recovery (all losses) is likely to take multiple years, anywhere from 3 to 25 years. My best estimate would be 10 years, although there are a lot of factors to consider.


Verification of Claims

Accurately capturing losses is key. Businesses are interested in helping honest victims of a crime who had their money stolen from them, and not that interested in supporting any fraud. We've been working hard to make our process as easy as possible for affected users, while being as hard as possible for false claims (claiming wrong amounts, losses of others, or fake claims).
  • Our ideal verification is based on:
  • If we don't have all the information, or there are problems, claims may be limited or rejected. This is at our full discretion, along with our primary exchange partner.
  • The user balance website is available to confirm balances for a limited time. It could go offline as early as August 31st. Once it goes offline, pre-claims will no longer be possible. As no list of claimants is being published through the bankruptcy, and paperwork can easily be manipulated, larger balances will then have to be validated through the courts.
  • Anyone with a balance on Quadriga can create a pre-claim by providing:
    • Client ID and first name for the purposes of saving the total which you had.
    • An email address for a future launch announcement (which can be a forwarder).


How To Sign Up

If you wish to participate, please sign up at https://www.quadrigainitiative.com/.
You can do a pre-claim to save your balance, or an email only sign up just to show interest and get the launch email.

  • We are a community initiative which is not connected with the bankruptcy process. Participation does not impact your bankruptcy claim. You can find the official bankruptcy information on the Miller Thompson website.
  • We have taken all reasonable measures to protect our website and stored data against SQL injection. The website back-end is simple, all input is sanitized, and all access passwords are 16+ character full random. (I have a background in web hosting.)
  • There is no cost to participate and the pre-claim process takes approximately 3 minutes.
  • Please be sure to keep a copy of your bankruptcy claim paperwork for later validation!


How You Can Help

We are stronger together!
  • Get yourself to a solid level of understanding of what we are doing by asking any questions or giving any feedback if anything doesn't make sense. This is the biggest thing!
  • Send in your pre-claim or do an email-only signup. (Every sign-up helps show interest.)
  • Upvote.
  • Share on social media.
  • Let us know your ideas/thoughts!
  • Join our Telegram group. Come meet our team!
  • Help us get the word out. Tell your friends.


Thanks so much!
submitted by azoundria2 to BitcoinCA [link] [comments]

"The unanimous opinion is, no, he’s not Satoshi Nakamoto." --Elaine Shannon, Writer of "Hunting LeRoux"

I was very curious about the past days' rumors of Paul Calder LeRoux having a chance at being Satoshi and I read Elaine Shannon's book so I figured she'd be the preeminent expert on the subject. I was expecting a short reply (I just used the Contact Me page on her website) and was astounded to get this reply. Thanks again to her for taking the time to write it. It's shared with her permission, and I'll direct her to this thread so maybe she can answer questions if she has time under her own account. I can't wait for the Michael Mann's movie!
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My original question was something along the lines of, "Do you think that LeRoux could be Satoshi because of the timelines matching up roughly with the time that Satoshi disappeared and that LeRoux was arrested? Also their backgrounds in cryptography (E4M / Truecrypt / etc.)."
Thank you for writing me. I agree that it's fun to speculate about Paul LeRoux and what a man with his brainpower would make of cryptocurrency, the dark web and all sorts of marriages of technology and crime. But if you’ve read Hunting LeRoux, you know I’ve had extensive and in some cases exclusive access to several people who know Paul LeRoux as well as anyone can. I’ve concentrated on exploring his character, as they observed him at close range. Since that theory came out, I’ve contacted all of them. The unanimous opinion is, no, he’s not Satoshi Nakamoto. As I mentioned on my Twitter feed, he didn’t have the necessary time to spend experimenting with a project whose money-making potential was uncertain at best. in the 1990s, he was hustling hard. He published E4M in 1998, as a means of advertising his skills, but he was also chasing IT jobs on several continents and looking to get married again. From 1999 to 2002, he was working long hours as CTO of SecurStar, a cybersecurity venture set up by Wilfried Hafner, LeRoux’s mentor at the time. Hafner was close to LeRoux but fired him in 2002 when he discovered that LeRoux had pilfered and sold a valuable string of code developed by others in the company to operate security devices called crypto-tokens. After that, LeRoux went off to make his fortune and founded RX Limited as a star-up internet commerce pharmaceutical sales venture in 2004. His sites brought in $300 million in sales between 2007 and 2011, according to a DEA analysis. He never asked for payment in bitcoin or offered to pay for anything in bitcoin, as far as my sources know. He always took payment for pharmaceuticals in the form of credit card charges, usually VISA. He considered setting up his own bank and VISA franchise. For darker deeds, he wanted cash or gold bars. Iran paid him for an explosives formula with $5 million in gold bars.
.
In 2009, when bitcoin emerged, he was busy launching multiple ventures As I detailed in Hunting LeRoux, among these were small arms sales, trading in hard drugs, trading in smuggled gold, building a submarine, devising a new missile navigation system for Iran and setting up a new base in Somalia, where he intended to make himself into a white warlord, expanding his arms business into an Amazon-for-arms platform with fortified bases, his own militia, barracks, warehouses for arms, an airstrip, a seaport and so on. Significantly, he discovered oil on the land he controlled but declined to drill it, saying it would take too long to turn a profit.
.
To sum up, several associates say he might have the intellectual skills to participate in the invention of cryptocurrency, but he didn’t have the resolve, patience, passion for that particular kind of secrecy or collaborative bent necessary to pull off such a feat. He was a man in a hurry for guaranteed results, fast, and he dropped a series of ideas that wouldn’t deliver huge returns. He was a loner with no real friends and business partners. There’s a reason he demanded to be called Boss and regularly threatened to kill his senior lieutenants.
.
Now, however, no one discounts the possibility that he might be thinking of a new way to mine cryptocurrency or game the system. He is in a federal facility, awaiting sentence, and has a lot of time on his hands.
.
Best,
Elaine Shannon
Journalist and author, “Hunting LeRoux,” and other works
Twitter
Website
submitted by unrequited to btc [link] [comments]

The Master League Scenario Vault (Part I and II)

Cheers.
I see that a lot of people are bored of PES2019. What's not to be bored about, modern-PES (well, modern football gaming) kinda stinks. Play myclub matches, win, climb the online table, rinse and repeat and see you again in 2020. zzzzzzzzzzz...huh? Ah, where was I? Oh, right. If you fancy a change of pace, and want to actually start playing something interesting, I bring you the Bible of challenges for your PES experience on the Master League mode.

I present you the Master League Scenario Vault. It is geared towards ML saves on retro-PES games, but I'm sure you'll be able to adapt most of them, if not all, to your modern-PES game. This is an extensive collection of challenges, scenarios and house rules to spice up your experience. Below you'll find part I and II, later on I'll post part III and IV.

Part I - Reality-PES

Trust the Process: The Philadelphia 76ers shook the NBA world with their plan for the rebuild of a franchise which had been only mediocre for a decade. They accumulated draft picks like no other franchise had done in the past, trading a few of their own players for those picks in the process, in order to be able choose the best young players available in the upcoming drafts. Many thought this would be the end of the franchise, as during this process they had no stars or any well-known player in their squad mostly filled with inexperienced, fresh-out-of-college teenagers. After a few seasons of barely being able to win a quarter of the total number of games, the result is now clear: they have a team filled with talented prospects like no other NBA franchise, have reached the playoffs for the first time since the beginning of the Process and are considered to be the next NBA superpower in the coming future.
Let’s adapt it to the PES world: sell as many of your players you can in order to accumulate as much money as possible. You’ll use that money to offer contracts to a max. of 5 newgens per season. You can’t buy/loan in or out players or acquire free agents who are not newgens at the time of the contract negotiations; you can’t trade for players either.
The Basque Way: Athletic Bilbao has a policy that allows only the introduction of players from the Basque Country in their roster. Now, they’re not alone: choose a region or a country of the world and only allow players from there to join your club.
The Mourinho: José Mourinho took the job at a failing FC Porto in early 2002. Next offseason, he got rid of the most expensive contracts, kept a few of the squad’s talents and bought for cheap a few players from lesser-known Portuguese League sides such as Leiria or Marítimo. With this new squad, he won the UEFA cup in 2003 and the Champions League in 2004, which still remains as the most improbable CL win of the new millennium.
Your challenge is to rebuild your team, acquiring players only from your domestic league sides for as cheap as you can and win two European titles in your first two seasons.
The Leicester: After finishing 14th in the 14/15 Premier League, Leicester somehow won the Premier League the following season. If you’re reading this in 2030, no one has a clue how they won it, it was magic or something. Anyway, your challenge is to pick one of the 4/5 lowest-rated teams in any country and win its top division with the current roster, which means you can’t acquire or sell players at all in the first season.
The Simeone: Build your team filled with players with superb mental stats (mentality/tenacity/teamwork), even if it means acquiring players with otherwise unimpressive statsheets.
The FC Porto: Over the last decade Portuguese giants FC Porto popularized a business strategy of buying young players in foreign markets and sell for profit afterwards. Every season the club sold a couple of their best players to make way for more of those youngsters to join in and take their spot. Those same youngsters eventually became Porto’s new best players and guess what, they ended up being sold to make way for…more prospects! All the while spending on transfer fees only 1/3 of the cash they received for transfer-outs.
Even so, Porto was able to win often the league and remained competitive internationally with multiple CL round-of-16 appearances and even an Europa League title.
Your challenge is: – to sell at least two of your star players every season, making a profit in the process; – Spend only 1/3 of the money you get by selling players every season (if you just sold a player for 30M, you can only spend 10M in transfer-fees that same off-season; but if days later you sell another for 30M you can spend another 10M then)

Part II - Scenario Challenges


The NBA franchise: Can’t buy or sell players, no loans in/out either. You can only acquire players through the free-agency (expired contracts) and through team trades. At the end of every season you can only get two newgens as your “draft picks”, there is no limit of free agents you can acquire providing they’re not newly-spawned newgens. HARD MODE: Choose a salary cap – another NBA rule. Let’s say you define a 10.000 PES points salary cap: if you end up spending 10.001 points in any given season, you’re over the salary cap and that means game over. Be careful with your trades, free agent acquisitions and contract renewals…
The “I’m buying myself a country as my birthday gift”/Eee-O-Eleven Mode: This one’s rather simple -> make money. Your sole purpose is to generate as much profit to enlarge your virtual bank account over the years. It’s up to you to define how to do it and still remain competitive enough to keep the money-making machine working over the length of your save. I’m already browsing for houses in Dubai for when Bitcoin collapses, either virtual-PES-money or PES points will be BIG! HARD MODE: actually win trophies while you’re at it. HARDER MODE: Set an ambitious goal, like making your first trillion.
Challenge 300: You can only have the minimum number of players allowed in a ML squad throughout the whole length of your save.
Kings Mode: You can’t buy or sell players in any way, meaning your roster will remain the same from day one until the end of the save, except if you can’t renew contracts or if players retire. When one of your players retires, you can get his regen further on if you decide so. Loaning out players is allowed, also you can terminate or let contracts expire. HARD MODE: You can’t loan out players and if any player leaves the club, it’s game over.
The Academy Mode: Your purpose here is to create a club whose purpose is to nurture and develop young talent to be sold afterwards. Similar to what Ajax does in real life, but here you can’t keep players over the age of 23 in your squad. EASY MODE: you can only buy/trade foacquire through free-agency under-21 players but can’t loan in. HARD MODE: you can’t buy/trade foacquire through free-agency; can only acquire as much newly-spawned newgens/regens as you want.
The Originals: In this mode, you’ll be starting with the ML defaults and you can only acquire ML newgens (guys like Kaiser, Shimizu, Palmieri…). Regens are not allowed.
Generations Mode: As you start with the ML defaults, you can only acquire a newgen/regen (choosing from the “newcomers” group) when one of your players retires. Also, you can’t sell or let go of any player in this save unless, of course, he retires.
Legacy of the Defaults: Same rules as Generations Mode, except that you can only acquire regens of the ML default players. The Nationals: There are lots of National Team players who aren’t registered in clubs on every version of PES. Create a new club and choose from that pool of players to build your squad. HARD MODE: Choose only from certain countries/continents (for example, an all-Asian team).
Rebuild Mode: Pick a team with an aging, overly-expensive and past-their-prime squad and overhaul it for the present and future. An example: Milan from the beginning of the 2010s-2018. You need to figure out how to completely transform your squad whilst still remaining competitive in the process, in order to become even more competitive in the future.
The Veteran Mode/Whole Lotta Old: If there’s something every old man agrees on, is that young people know nothing. You can only have players over the age of 30 in your squad, so you won’t have to coach Instagram-loving, selfie-addicted, and non-Led-Zeppelin fans. HARD MODE: You’re only able to have players over the age of 35. Have you heard that new Beach Boys song?
The Deplorables Challenge: This is my favourite of them all. I’ve done countless Deplorables challenges in the past and every single one of those saves is among my all-time favourites.
Step 1 – Go to Edit Mode and search every club in the database. Choose a max. of 3 players from each team that you believe are not essential to them. You have to step in the shoes of the “manager” of each team to weed out whoever is not necessary for the present and future of the squad.
For example, Team A has 4 goalkeepers in their squad: two really good keepers, one decent and a 17-year old kid. You can’t pick any of the 2 best keepers (the supposedly first-choice and the second-choice for the role) but you also can’t pick the worst in the squad which is the young kid, because if you were manager of that team you wouldn’t want to give away your young players who’ll be good in the future. Therefore, you’ll pick the decent goalkeeper since he won’t be necessary to a team which already has two better choices and a prospect for the future.
I never choose players from teams who only have 3 goalkeepers, 4 centre-backs and 4 side-backs, 7 midfielders or 5 strikers. It’s a standard I came up with to ensure that team won’t really notice if I take their 5th best side-back or 7th best striker. If a player fits these descriptions, add them to you list, your “pool” of prospects to choose from.
Step 2 – Depending on which PES game you’re using, after scanning the entire database you’ll have many players on your list: EASY MODE: Pick whatever players you want for your created team. You’re bound to have a quality squad if you pay attention to “deplorables” from the best teams of the world, some of those clubs have a tendency to accumulate too many good players in their rosters. After you start your save, you’re free to buy/sell players at your will. HARD MODE: Set limits of player attributes to your chosen players. I usually use a rule of not picking Centre-Backs nor Keepers with +75 defense attribute, also nor strikers with more than 75 attack stat. Make up your own rules, the stricter they are, the harder the setting you chose for this challenge. HARDEST MODE: My favourite. This is Kings Mode within the Deplorables Challenge: can’t buy or sell players ever, so you have to stick with your Deplorables from day one to the end. You can only renew or terminate/let expire contracts and loan-out players.
Step 3 – Create your club and choose the players you’ll take on your journey. Depending on whether you’re on Easy, Hard or Hardest Mode you need to make some decisions: if you’re on Hardest, given you’ll keep your roster until the end of the save it’s wise to choose a lot of young players; but you’ll have to find some balance and choose some more experienced players too if you want to have short-term success as well (crucial to climb out of D2 quickly). That balance is going to be key to define the level of success of your team over the years, so I advise you to take some time to carefully analyze the problem.
Moneyball: In this mode you’re required to evaluate both your players and your potential transfer targets purely on their match stats alone, ignoring their individual attributes. Let’s say a player from a weak team was one of the five best scorers in the league – you should already be drooling heavily -, his attributes may be weak or unimpressive but you’ll surely make a bid for him. It also doesn’t matter if your DMF isn’t athletic at all, has a creepy moustache and crappy stats all over his sheet, if he makes more than 8 interceptions a game he’s a World Class DMF and you’ll surely play him always.
The Lehman Brothers: Oh no, turns out your club is bankrupt though no one saw it coming! Get rid of every contract you’re paying and replace those sold/released players with the cheapest you can find, regardless of their actual quality. Spend as little money possible on the process, or else you’ll find yourself again in the middle of a financial bubble that will burst in your face again in the coming decade! After 5 seasons, you’re able to spend whatever amount you want again.
Frugal Living: Create a new club. Scan the database and pick for your team the players with the lowest wages/lowest transfer value of them all, regardless of their quality or even their position on the pitch. You can only pick 3 players from the same club. EASY MODE: Set a limit of salary points/money to broaden your options (just in case the 25 less valued players of the database are all goalkeepers or something like that…); for example, not choosing players worth more than 100 PES points. HARD MODE: Never sell these players. HARDEST MODE: Never sell these players nor acquire others throughout your journey.
Salary Cap: Choose a limit of salary expenditures per season. The tighter the budget, the harder is the challenge. If you go over the established salary cap, it’s game over.

(next: part III and IV)
submitted by micaac to WEPES [link] [comments]

MERCATOX-Your reliable partner in the world of digital finance

About MERCATOX

We would like to present universal market platform https://mercatox.com
It is a unique creation in the world of digital money, based on multi-language platform. It combines automated trading, payment service, Peer-to-Peer sharing based on "smart contracts" and many other features.
We are planning to provide not just a service with different abilities, but create a new financial market in the digitgal world.
Nowadays we surrounded by different kinds and types of electronic money systems. We connected them all on a single platform.

About MERCATOX and our plans

- Mercatox is a modern service for accessing e-currency and cryptocurrency exchange markets. Mercatox is convenient and advantageous platform for trade, exchange of various currencies, which can be used by both experienced traders as well as beginners.
- Lending traders. Mercatox will allow traders to raise funds for margin by trading on the stock exchange as well as for investors to invest and earn income on the loan.
- E-wallet with a wide range of payment instruments for personal and commercial use.
- Trading platform for commercial partnerships for the franchise within the «White Label» format
- Peer-to-peer exchange of electronic currencies, where users can exchange any digital title signs (all the world banks, payment systems, virtual, gaming, cryptocurrency and more). Transactions on P2P exchange are done through the service secure transactions via Mercatox or smart contracts Ethereum, bypassing the platform wallets.
There are following features available at the moment :
– Trading on the Exchange using most popular currencies: Bitcoin, Litecoin, Ethereum, Payeer, PerfectMoney, OkPay, Ya.Money, Dogecoin, Dash (more to be added)
– 3 types of orders: Limit, Market, Stop
– Security Settings; Two step authorization; white IP addresses list
– E-Wallet Read more
- Merchant API and Public API for developers
MERCATOX Benefits:
MERCATOX crowdfunding campaign
The campaign started on November 20th and it ran for 30 days. We offered 5% of MERCA digital securities for sale during this campaign, which represent platform stakes of mercatox.com.
MERCATOX crowdfunding campaign is now finished! Сrowdfunding campaign results
What does “MERCA” stand for?
"MERCA" (digital signs MERCATOX) - is a share of MERCATOX income. Read more

Development strategy:

1 portion (part of the exchange platform):
stage 1
stage 2
2 portion (the complex of the platform):
stage 1
stage 2
Latest news
Follow us Facebook Twitter
Contact us: [email protected]
All news
submitted by Mrtimmyboom to u/Mrtimmyboom [link] [comments]

Daily analysis of cryptocurrencies 20191105 (Market index 54— Neutral state)

Daily analysis of cryptocurrencies 20191105 (Market index 54— Neutral state)

https://preview.redd.it/nckyr1qb1vw31.jpg?width=1280&format=pjpg&auto=webp&s=54af97ca72f567d38a962224ab84464c5a258bd5

Coca-Cola Embraces Blockchain Technology Developed By SAPAlabama-based Coca-Cola has become the latest major corporation to recognize the advantages of blockchain technology.According to a recent Business Insider report, Coca-Cola’s bottlers now rely on the blockchain solution, which was developed by German software corporation SAP to keep track of all transactions that take place within 70 franchises.
Æternity Blockchain Developers Take On Ethereum With Final HardforkThe core development team for Æternity, a next-generation, open-source blockchain for building decentralized applications, announced its LIMA hardfork on Nov 5, releasing the latest software to miners and in fact, handing over governance to the community. The third major æternity protocol upgrade this year, LIMA adds a sophisticated, improved Virtual Machine, governance, and naming system to challenge Ethereum and other blockchain platforms. Æternity is one of the most active blockchain developer communities measured by code activity. Core developers proposed hardfork, LIMA software release to miners, who will mine or not mine fork of aeternity blockchain.
Bangkok Bank To Launch Blockchain-Based L/C Service Next MonthBangkok Bank (BBL) is set to roll out a blockchain-based letter of credit (L/C) service next month and aims for the innovative financial service to increase the bank’s trade finance business.The bank will use R3’s Corda-powered Voltron platform to digitise the L/C process, said executive director Charamporn Jotikasthira.BBL is the only Thai bank among the eight founding members of Voltron, which include BNP Paribas, HSBC, ING, and Standard Chartered Bank.
Chinese Regulator Investigates Firm’s Blockchain Efforts Amid Stock SurgeAn obscure porcelain and education firm is under investigation by a top Chinese regulator after it became one of the most sought-after blockchain stocks last week.Guangdong Great Wall Group, whose stock price skyrocketed for five consecutive days last week after Chinese president XI Jinping praised blockchain technology, said it was under investigation by the China Securities Regulatory Commission. The investigation comes as the government appeals for “rational” investments in Chinese blockchain and fintech firms.
https://preview.redd.it/l92x7g7b0vw31.png?width=504&format=png&auto=webp&s=dc8a2baef8563304f79bc5617f8d7ee08b85cc34

BTC — BTC rose rapidly in the early hours of this morning, reaching a maximum of $9645, now falling back to around $9400. In the past 24 hours, the net outflow of BTC funds is close to US $50 million, and the outflow of market funds is significantly increased compared with the previous cycle. BTC made a tentative pull in the early morning to test the upper resistance. In terms of the 4-hour line, the overall volume is not obvious, and the follow-up strength is insufficient, and the breakthrough is not successful. The domestic market is still dominated by shocks, and may withdraw again after the failure of short-term breakthrough to prepare for the next round of offensive. The upper resistance continued to focus around $9600, while the lower support continued to focus on $9000. In terms of operation, it is suggested to control the position and wait for the right opportunity to build the position.
Review previous articles: https://medium.com/@to.liuwen

Encrypted project calendar(November 5, 2019)

Nexus (NXS): 05 November 2019 Tritium Official Release “Remember, Remember the 5th of November, the day Tritium changed Distributed Ledger. Yes, this is an official release date.”NEM (XEM): 05 November 2019 Innovation Forum — Kyiv NEM Foundation Council Member Anton Bosenko will be speaking in the upcoming International Innovation Forum in Kyiv on November 5, 2019.TomoChain (TOMO): 05 November 2019 TomoX Testnet “Mark your calendar as TomoX testnet will be live on Tuesday, Nov 5th!”aelf (ELF): 05 November 2019 Bug Bounty Program Ends On Oct 24th, 2019 aelf’s biggest bug bounty will launch with a large reward pool. The event will run for almost 2 weeks.ICON (ICX): 05 November 2019 Seoul Meetup “We are pleased to announce that the ICON x Steem DApp SEOUL MEETUP will be held in the ICON Lounge on November 5th.”Utrust (UTK): 05 November 2019 Lisbon Meetup “We’re hosting a meetup for anyone interested in blockchain & crypto adoption! Industry leaders like Cointelegraph, BetProtocol & others…”Siacoin (SC): 05 November 2019 Zurich Meetup “Join us Tuesday, Nov 5th in Zurich for a Sia meetup with CEO David, and devs Chris and PJ at @impacthubzurich.”OKB (OKB): 05 November 2019 Simulation USDT Futures “NEW LAUNCH: The much-awaited $USDT-Margined Futures Trading will soon be available on #OKEx… Simulation launching Nov 5”

Encrypted project calendar(November 6, 2019)

STEEM/Steem: The Steem (STEEM) SteemFest 4 conference will be held in Bangkok from November 6th to 10th.KIM/Kimcoin: Kimcoin (KIM) Bitfinex will be online at KIM on November 6, 2019 at 12:00 (UTC).Nebulas (NAS): 06 November 2019 Burn Deadline “Be sure to read this announcement & burn your $NAT by November 6th, 3:00p.m. (UTC+8, Beijing time).”Power Ledger (POWR): 06 November 2019 Book Launch ATTN Perth Power Ledger community, we will be hosting renowned economist Ross Garnaut at our WA office for the launch of his latest book…

Encrypted project calendar(November 7, 2019)

XRP (XRP): 07 November 2019 Swell 2019 Ripple hosts Swell from November 7th — 8th in Singapore.BTC/Bitcoin: Malta The A.I. and Blockchain summit will be held in Malta from November 7th to 8th.Waves (WAVES): 07 November 2019 Joins Odyssey “#Waves is joining Odyssey… We’re kicking off on Nov. 7 at Polaris…”Komodo (KMD) and 1 other: 07 November 2019 Block Party Amsterdam Block Party Amsterdam in Amsterdam from 17:30–22:00.Horizen (ZEN): 07 November 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA.

Encrypted project calendar(November 8, 2019)

BTC/Bitcoin: The 2nd Global Digital Mining Summit will be held in Frankfurt, Germany from October 8th to 10th.IOTX/IoTeX: IoTex (IOTX) will participate in the CES Expo on November 08TOP (TOP): 08 November 2019 Mainnet Launch “So excited to announce that on November 8th, TOP Network will officially launch the mainnet…”OKB (OKB): 08 November 2019 OKEx Talks — Valencia “Meet us at our next OKEx Talks in Valencia on 8 Nov with speaker Gustavo Segovia @sepu85 who will look at the benefits of creating

Encrypted project calendar(November 9, 2019)

CENNZ/Centrality: Centrality (CENNZ) will meet in InsurTechNZ Connect — Insurance and Blockchain on October 9th in Auckland.HTMLCOIN (HTML): 09 November 2019 (or earlier) Mandatory Wallet Update Mandatory Wallet Update: there will be a soft fork on our blockchain. This update adds header signature verification on block 997,655.

Encrypted project calendar(November 10, 2019)

Bibox Token (BIX): 10 November 2019 Bibox Summit “Bibox Summit 2019 — Maximizing Profit On Uptrend Season” from 1 PM — 5 PM (ITV) in Ho Chi Minh City.

Encrypted project calendar(November 11, 2019)

PAX/Paxos Standard: Paxos Standard (PAX) 2019 Singapore Financial Technology Festival will be held from November 11th to 15th, and Paxos Standard will attend the conference.Crypto.com Coin (CRO): and 3 others 11 November 2019 Capital Warm-up Party Capital Warm-up Party in Singapore.GoldCoin (GLC): 11 November 2019 Reverse Bitcoin Hardfork The GoldCoin (GLC) Team will be “Reverse Hard Forking” the Bitcoin (BTC) Blockchain…”Horizen (ZEN): 11 November 2019 (or earlier) Horizen Giveaway — Nodes Horizen Giveaway — Win Free Node Hosting! Entries before November 11th.SINOVATE (SIN): 11 November 2019 Roadmap V3 SINOVATE (SIN) Roadmap V3 will be released with new upcoming technologies and proof of concepts!

Encrypted project calendar(November 12, 2019)

BTC/Bitcoin: The CoinMarketCap Global Conference will be held at the Victoria Theatre in Singapore from November 12th to 13thBinance Coin (BNB) and 7 others: 12 November 2019 CMC Global Conference “The first-ever CoinMarketCap large-scale event: A one-of-a-kind blockchain / crypto experience like you’ve never experienced before.”Aion (AION) and 17 others: 12 November 2019 The Capital The Capital conference from November 12–13 in Singapore.Loom Network (LOOM): 12 November 2019 Transfer Gateway Update “If you have a dapp that relies on the Transfer Gateway, follow the instructions below to make sure you’re prepared.”

Encrypted project calendar(November 13, 2019)

Fetch.ai (FET): 13 November 2019 Cambridge Meetup “Join us for a @Fetch_ai #Cambridge #meetup on 13 November @pantonarms1.”Binance Coin (BNB) and 5 others: 13 November 2019 Blockchain Expo N.A. “It will bring together key industries from across the globe for two days of top-level content and discussion across 5 co-located events…”OKB (OKB): 13 November 2019 Dnipro, Ukraine- Talks Join us in Dnipro as we journey through Ukraine for our OKEx Cryptour on 11 Nov.Centrality (CENNZ): 13 November 2019 AMA Meetup “Ask our CEO @aaronmcdnz anything in person! Join the AMA meetup on 13 November in Singapore.”OKB (OKB): 13 November 2019 OKEx Cryptotour Dnipro “OKEx Cryptour Ukraine 2019 — Dnipro” in Dnipro from 6–9 PM (EET).

Encrypted project calendar(November 14, 2019)

BTC/Bitcoin: The 2019 BlockShow Asia Summit will be held at Marina Bay Sands, Singapore from November 14th to 15th.Binance Coin (BNB): and 4 others 14 November 2019 BlockShow Asia 2019 BlockShow Asia 2019 at Marina Bay Sands Expo, Singapore from November 14–15.Basic Attention Token (BAT): 14 November 2019 London Privacy Meetup “If you’re in London on Nov. 14th, don’t miss our privacy meetup! The Brave research team, our CPO @johnnyryan, as well as @UoE_EFIHorizen (ZEN): 14 November 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA.IOTA (MIOTA): 14 November 2019 Berlin Meetup From Construction to Smart City: IOTA, Maschinenraum & Thinkt Digital will explain, using concrete use cases, how to gain real value from..Dash (DASH): 14 November 2019 Q3 Summary Call “Dash Core Group Q3 2019 Summary Call — Thursday, 14 November 2019”NEO (NEO): 14 November 2019 NeoFest Singapore Meetup “Glad to have @Nicholas_Merten from DataDash as our host for #NeoFest Singapore meetup on 14th Nov!”

Encrypted project calendar(November 15, 2019)

TRON (TRX): 15 November 2019 Cross-chain Project “The #TRON cross-chain project will be available on Nov. 15th”Bluzelle (BLZ): 15 November 2019 (or earlier) CURIE Release CURIE release expected by early November 2019.Zebi (ZCO): 15 November 2019 ZEBI Token Swap Ends “… We will give 90 days to all the ERC 20 token holders to swap out their tokens into Zebi coins.”OKB (OKB): 15 November 2019 OKEx Talks — Vilnius “Join us for a meetup on 15 Nov (Fri) for our 1st ever Talks in Vilnius, Lithuania.”

Encrypted project calendar(November 16, 2019)

Bancor (BNT): and 2 others 16 November 2019 Crypto DeFiance-Singapore “Crypto DeFiance is a new global DeFi event embracing established innovators, financial market disruptors, DApp developers…”NEM (XEM): 16 November 2019 Developer’s Event “BLOCKCHAIN: Creation of Multifirma services” from 10:50 AM — 2 PM.

Encrypted project calendar(November 17, 2019)

OKB (OKB): 17 November 2019 OKEx Talks — Lagos Join us on 17 Nov for another OKEx Talks, discussing the “Life of a Crypto Trader”.

Encrypted project calendar(November 18, 2019)

Maker (MKR): 18 November 2019 MCD Launch “BIG changes to terminology are coming with the launch of MCD on Nov. 18th Say hello to Vaults, Dai, and Sai.”

Encrypted project calendar(November 19, 2019)

Lisk (LSK): 19 November 2019 Lisk.js “We are excited to announce liskjs2019 will take place on November 19th. This all day blockchain event will include…”

Encrypted project calendar(November 20, 2019)

OKB (OKB): 20 November 2019 OKEx Cryptour Odessa Ukr “Join us in Odessa as we journey through Ukraine for our OKEx Cryptour!”

Encrypted project calendar(November 21, 2019)

Cardano (ADA): and 2 others 21 November 2019 Meetup Netherlands (AMS) “This meetup is all about how to decentralize a blockchain, the problems and differences between Proof-of-Work and Proof-of-Stake…”Cappasity (CAPP): 21 November 2019 Virtuality Paris 2019 “Cappasity to demonstrate its solution for the interactive shopping experience at Virtuality Paris 2019.”Horizen (ZEN): 21 November 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA.OKB (OKB): 21 November 2019 OKEx Talks — Johannesburg “Join us the largest city of South Africa — Johannesburg where we will host our OKEx Talks on the 21st Nov.”IOST (IOST): 22 November 2019 Singapore Workshop Join the Institute of Blockchain for their 2nd IOST technical workshop in Singapore on 22 Nov 2019. The workshop includes IOST’s key tech.OKB (OKB): 22 November 2019 St. Petersberg Talks “Join us in St. Petersberg on 22 Nov as we answer your questions on Crypto Security. “

Encrypted project calendar(November 22, 2019)

IOST (IOST): 22 November 2019 Singapore Workshop Join the Institute of Blockchain for their 2nd IOST technical workshop in Singapore on 22 Nov 2019. The workshop includes IOST’s key techOKB (OKB): 22 November 2019 St. Petersberg Talks “Join us in St. Petersberg on 22 Nov as we answer your questions on Crypto Security. “

Encrypted project calendar(November 27, 2019)

OKB (OKB): 27 November 2019 OKEx Cryptour Vinnytsia “Join us in Vinnytsia as we journey through Ukraine for our OKEx Cryptour!”Fetch.ai (FET): 27 November 2019 London Meetup “Join us on 27 November @primalbasehq to hear an exciting progress report as we prepare for the launch of our #mainnet”

Encrypted project calendar(November 28, 2019)

Horizen (ZEN): 28 November 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA.

Encrypted project calendar(November 30, 2019)

Ethos (ETHOS): 30 November 2019 (or earlier) Rebranding “In November, we unveil the broker token, a dynamic utility token to power our commission-free crypto trading and broker platform, Voyager.”Digitex Futures (DGTX): 30 November 2019 Public Testnet Launch “…We can expect to see the world’s first zero-commission futures trading platform live on the Ethereum public testnet from 30th November.”Monero (XMR): 30 November 2019 Protocol Upgrade “Preliminary information thread regarding the scheduled protocol upgrade of November 30.”Chiliz (CHZ): 30 November 2019 (or earlier) Fiat to CHZ Exchanges “We will add another two fiat to $CHZ exchanges in November…”Skrumble Network (SKM): 30 November 2019 (or earlier) P2P & Group Calling “P2P & Group Video Calling,” during November 2019.Aergo (AERGO): 30 November 2019 (or earlier) Mainnet 2.0 Upgrade Mainnet 2.0 Protocol update by end of November.Akropolis (AKRO): 30 November 2019 (or earlier) Beta Release “All functionality has been deployed to mainnet.”Nash Exchange (NEX): 30 November 2019 (or earlier) Mobile Strategy Phase 2 “Phase 2 of our mobile strategy will be live soon with our wallet and portfolio app hitting stores in November!”

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LinkedIn:https://www.linkedin.com/in/liu-wei-294a12176/
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Current State & The Future Of Digital Assets From Ariel Ling, BitMax COO.

Current State & The Future Of Digital Assets From Ariel Ling, BitMax COO.
Ariel Ling, co-founder and COO of BitMax, has shared her thoughts on the current state of digital assets and what to expect in the next years, what retail investor should take into account when buying any cryptocurrencie and the key factors that drive the value of the token/coin.
Ariel Ling, BitMax COO
Why, when and how have you started your crypto journey?
I started my crypto journey at the beginning of 2018 when my long-time friend, the co-founder and CEO of BitMax.io, Dr. George Cao “pulled” me out of the traditional Wall Street and asked me to join him in launching this exciting venture. Three main drivers are 1) to learn more about blockchain technology and its transformational applications in different industries; 2) to leverage in-depth traditional finance expertise to improve overall crypto trading and exchange market structure for better efficiency and transparency; 3) to have a chance to work with a talented and driven team who share similar vision, passion and conviction to build a top global digital asset trading platform as well as a wonderful organization from good to great!
If your friend will ask you: should I consider cryptocurrencies as investment opportunity? What will be your answer? Will you recommend any specific digital asset?
Coming from traditional finance perspective, I would explain my thoughts process from three angles — 1) types of crypto or digital assets as the foundation for understanding; 2) whether they, are more for short-term trading or mid-term investment 2) what are elements for investment valuation and decision-making so our friends can assess and make decision for themselves.
First, in general there are three types of digital assets:
  • Major currency / coin-type like Bitcoin, ETH, XRP, Litecoin, etc. and stable coins;
  • Security-type tokens representing some equity or debt rights of underlying projects;
  • Utility tokens for usage on specific blockchain platform or network.
Each type represents different type of opportunity and risk.
Second: is digital asset good for trading or investment? due to the nascent nature and very short history of market development with most of retail investors’ participation and lack of proper regulatory framework globally, there are quite some market manipulation, speculation and fraud activities in the current market, causing significant volatility and investors loss across all types within very short period of time. This made it very hard for any investors to assess the real valuation and momentum drivers behind those large swings. So at this point, I would think with its high volatility and risk, digital asset in general is more of very short-term trading product than investment vehicle. From liquidity perspective, major currency/coin-type will have more market depth across exchanges, hence more suitable for short-term trading-focused strategies.
Third, from traditional investment perspective, it is critical to assess digital asset investing from valuation and fundamental perspectives, such as business model, future growth, economic return vs. person’s risk tolerance and investment objectives. For major coins, especially Bitcoin itself with its longest history among all the digital assets, have started to provide certain payment function similar to fiat currencies in certain countries. Hence, there are more interesting dynamics to the Bitcoin investing based on one’s view of Bitcoin usage over mid-term horizon and the relative valuation vs its production (mining cost) especially with the price down to 3,500–3,650 USD. For security-type or utility tokens, the performance over short-to-medium term really comes down to combination of intrinsic value of underlying blockchain projects and token economics. Similar to Internet in 1990s, blockchain technology projects are still at the early stage of development and looking for meaningful and applicable use cases to bring real economic benefit from the economics and business model perspective, so it becomes very difficult to apply traditional finance valuation and assess the real intrinsic value of those projects. Recent market crash has brought many of those tokens down to near zero value. So the investment in those tokens are extremely high risk and everyone should be really careful and prudent in the evaluation of any specific projects for the decision-making and risk protection.
What is the story behind BitMax? Who are the foundefounders? When it was founded?
Q1 2018, Dr. George Cao and I founded Global Digital Mercantile (GDM), global operator of digital asset platforms, including BitMax.io based on Singapore for overseas markets and North America’s trading platform aiming for the first half of 2019. BitMax.io started public beta testing mid July, 2018, and was officially launched later mid August. On November 18th , we launched our mining mechanism, the industry very first transaction-mining & reverse-mining mechanism, which has made us the industry leading third-generation cryptocurrency exchange — after first generation of traditional exchanges like Binance, Gemini, Coinbase, etc. and 2nd generation of transaction-mining ones like FCoin, Bitthumb, etc.
Just a quick introduction of my partner. Dr. Cao studied Computer Science in the University of Science and Technology of China, and earned his PhD degree from the University of Chicago. Dr. Cao was the Founder and the Chief Investment Officer of Delpha Capital Management, LLC., New York, specializing in trading equity, ETFs and commodity future products in all major exchanges across the globe. He is also the founder and managing partner of Whitestone Investment Group, a New York based venture fund that invests in a large variety of startup companies that are in the high tech, fintech, big data and medical area. Before founding Delpha Capital, Mr. Cao worked at the Equity Division of Barclays Capital in both the New York and London offices. During that period, he oversaw equity electronic trading in the U.S., European and Asian markets. Prior to Barclays, he researched and traded U.S. equity as a Portfolio Manager at Knight Capital Group.
For me, I have built more than 18-year extensive experience in strategic planning, business development, financial risk management and regulatory implementation across major trading asset classes (Equity, FX, and Fixed Income) at several top global banks. Previous to jumping into digital asset trading, I ran USD liquidity and investment product for top financial institutions and corporate clients at tier-one global investment bank. Before that, I ran US Broker Dealer as COO and head of Business Development for Germany 2nd largest bank. Earlier from 2007 to 2012, I was global equity trading COO across Lehman Brothers and Barclays Capital, building out trading franchise and market making businesses globally. I have four degrees — graduated top of class from Nankai University with two Bachelor degrees in Finance and English Literature and got my MBA from NYU and Master of Mass Communication from University of Georgia.
Where is Bitmax located? Are you a distributed team or do you have an office to work together? How many people work for Bitmax?
Our global team of 50 members are based off two main location — New York with 20 members, including all the founding members, and Beijing with 30 members.
Would you be so kind to introduce briefly the core team members?
Both George and I are very proud of our 10-member founding team. Similar to us, they are all from Wall Street top firms like Morgan Stanley, Deutsche Bank, Goldman Sachs, Bloomberg, and top high-frequency hedge funds with deep experience in the fields of financial engineering research and development of large-scale quant trading infrastructure. Our educational background span across multiple prestigious institutions including Columbia University, University of Chicago, Carnegie Mellon University, and New York University in the United States, as well as Peking University and Tsinghua University in China. So one special thing about BitMax.io is that very few exchanges in the crypto trading space are built by solid team like ours with strong traditional finance mindset and trading background.
You’ve started BitMax during market downtrend in pretty competitive environment. What is your value proposition? Why traders should switch to BitMax?
I think BitMax.io is actually very special in this market, and our team is very proud of what we have built in the short period of six months. There are at least three reasons I think traders should chooseBitMax.io:
  • It’s our real-word professional trading experience and expertise;
  • It’s is our platform, resilient, high volume quantitative-trading platform;
  • It’s is our top-quality customer-centric strategy.
First of all, as I mentioned in the last question, architected by a group of Wall Street veterans, BitMax.io builds upon the core value of blockchain, transparency and reliability, and delivers high-quality client services and trading experience through its innovative trading platform.
Second, our quant-driven tech platform. Our development members were all from high frequency and quantitative systematic trading shops. They definitely make sure the platform was resilient and it can actually handle billions of volume during the design and build. The platform resilience and scalability were fully being tested when we launched the transaction mining and reverse-mining. The first day, we actually had, within the first 24 hours, the trading volume of 1.6 billion in notional; and our system didn’t flinch, didn’t slow down, and didn’t shut down. This is very rare in any of today’s exchanges where you can frequently see the slowdown, the crash, and very slow user responses, especially with transaction mining exchanges.
Third, what we are extremely proud of and all the users can see, is our 24/7 customer services built upon the core Wall Street client-centric concept. Besides our customer support team who never sleep, George actually stands behind the platform almost 24/7 answering questions from the customers, seeking solutions for their issues, and providing the most responsive customer service for the entire crypto trading space.
BitMax CEO, George Cao, is often seen in official Telegram group answering different questions.
We constantly remind our team: customer first. When we design a product, when we launch a system, and when we look at user needs, we all look from customers’ perspective, from how we can protect the users. When we look at primary listing, we only select the high-quality projects because we want our users to have the best investment and trading experience on BitMax.io.
Are you satisfied with the current results of BitMax? Is transaction mining model giving expected volume? What is the % of traders using this model?
We are very pleased with current business development and delivery results from client acquisition and trading perspectives.
On the business development side, we completed the global setup for both 50-member team organization and comprehensive legal entity structure from Asia to North Americas in 2018, which laid down foundation and paved way for 2019 business expansion especially with US.
Since our platform launch in mid Aug, we successfully started Industry FIRST transaction mining and reverse-mining exchange and built out the most active global communities and users within four months in the bear market, with registered users more than 95k; average daily active traders more than quadrupled since the start of transaction mining; average daily trading volume of $465mm through the month of January and February in 2019. Those are extremely promising under this tough market condition.
From the composition of trading volumes, there are two parts — transaction mining which grows exponentially; second is organic, the regular trading which has experienced healthy increase as well because of all the listing activities and all the incentives we have. The regular trading takes about 5% of total trading volume, which is very good for an exchange which was launched in August and running right into the bear market.
What are the key factors that drive the value of the token/coin?
From traditional finance /investment view token economics is really a balance act between business / economic model and exchange market force, driven by three factors: intrinsic value and sustainability, supply and demand, and liquidity and depth.
First, from a traditional finance perspective, we need to look at the intrinsic value, the economic valuation behind a project. How does this project make money? Do they really have fundamentals? Do they really have a viable business model? Do they really have a solid user base for future growth? For example, our exchange business model is very simple. We are exchange; People trade on our platform. The more they trade, the more transaction fee the exchange collect — the revenue source. The exchange will last when people keep trading on the platform and the transaction revenue generated covers the operating cost of running an exchange.
Second, it is the supply and demand of token on the market — who will buy and for what purpose; who will sell and under what scenarios. For major currency coins like Bitcoin, people might buy and sell for potential investment or use in actual payment processing. For other types of token, it is more driven by short-term trading pattern and profit taking. So it is extremely important to set up certain token mechanism to support the equilibrium of supply and demand like how Central Banks manage the supply of currency in circulation through monetary policies.
Third, when the market force comes in, it comes down to the liquidity and depth. Exchange is about liquidity and market depth. That means there has to be enough of trading volumes at each pricing level for each token. For BitMax.io, we have very sophisticated market making model that is similar to Designated Market Maker model of New York Stock Exchange. We focus on providing liquidity and maintaining a fair and orderly market for those token listings who agree to engage our market making services.
Every exchange is looking for good projects in order to become a premiere market for this new asset. Can you name some projects that impressed you recently (even if you are not discussing possible listing with them)?
BitMax.io has strict listing requirements in order to identify high-quality projects for our users. Very proud that we have listed five industry star projects in the last several weeks, with more in the pipeline. All of them have the following attributes that made them successful — viable and profitable business model, growing user bases, strong community support, and comprehensive funding sources.
One of the shining examples is European project named LTO Network listed mid Jan. Its price has been steadily rising since then, as more and more people get to know their business model and more project support comes into the market place to buy the tokens — It uses blockchain technology to streamline a lot of legal processing for one of EU governments, which is very easy to understand its economic value from a revenue perspective. This is simply what people need to see eventually, clean and clear from business economic model perspective.
Let’s imagine a crypto market in 5 or 10 years. Can you make any prediction what the market will look like? What customers will expect from exchange in 5–10 years?
Based off my long-time experience in traditional trading, especially how equity market evolved last twenty years, I would imagine maturing market structure and entrance of institutional investors are key mandatory and healthy development of digital asset market.
First, As the market develops and expands globally, traditional institution participation is a must, in order to upgrade and strengthen the overall market structure and maturity, making it more transparent and resilient, and most importantly enabling the real broad-base adoption of digital assets. Most institutional investors, such as mutual fund, pension fund and other financial institutions, hold the majority of world investment assets, not individual retail investors. Only when those big guys join the market, will there be real revolutionary improvement and expansion of the digital asset just like any other financial markets.
Second, I would expect the market to become more structured with major building blocks for transparent trade life cycle processing and separate risk analytics supporting services. Current crypto trading market is very fragmented with exchanges taking on different roles of trading, wallet management, custodian, etc. Also the lack of clear and consistence regulation on market structure has led to many aspects of market inefficiency — inconsistent liquidity and depth, wide spread, high transaction cost, high volatility, speculation, etc. This definitely hampers the broader adoption of digital assets from institutional investors.
Forward looking, multi-tier structure under some level of regulatory framework with clear guidance is required for future maturing market. Similar to security market, there should be at least three layers of different and independent roles: the role of broker dealer to handle the client relationship with good KYC/ AML processes, retail clients, other financial institutions, blockchain players and to take client order as agent or dealer; the role of exchange to focus on listing and trading — liquidity provision and order matching; the role of clearing house to provide clearing and settlement and custodian on custody of assets with proper control and independence. It is very clean and clear with good check and balance in place.
What are the key challenges for 2019?
During our 2018 business planning, we clearly view 2019 to continue being full of challenges with market uncertainty from both asset price and valuation as well as regulatory development globally. In prep for that and further growth of our platform, we have laid out the following four main strategic objectives and they are all well underway:
  • To launch North America trading platform for high networth and institutional clients. With North America being heavily regulated market, there are two aspects of our plan — First is to leverage a trust structure to facilitate the major coin trading with fiat, and the second is broker-dealer license application with potential for securitized tokens pending regulatory guidance in place.
  • To enhance BitMax.io platform and reach global top-tier exchange. We will continue listening to our users and working hard to enhance user interface and experience by upgrading website vs. other competitors for better client retention.We will continue leading product innovation among the competitors with margin trading (successfully launched in mid Feb) and then derivative to attract new clients.
  • Relent focus on implementation and expansion of current business lines — listing, Market Making, marketing advisory services to grow current revenue base; and further seek new revenue opportunity through North America platform while maintaining cost discipline.
  • we are always on the lookout in terms of exchange alignments, acquisition target, and any business partnership from different aspects of the value chain.
When do you expect a market recovery or next bull run? What are the factors that will influence the start of the market recovery?
With current market crash or correction, there are two possibilities from trading perspective — recovery depending on whether this is a V down or U curve. The U curve occurs when the market collapses, it takes a longer time for market to find the bottom and struggle to rise up. The V down is like a quick collapse — dropping down very fast and reaching the bottom, and then, with some catalyst event, either catalyst from market structure, or catalyst from the market expansion itself, suddenly it gives a boost and bounces right back up.
For market recovery, besides all the investment and economics elements I’ve discussed above, I believe one critical factor is the regulatory development especially clear guidance from key regulatory bodies of those major financial markets such as US, UK, EU, etc. on those key building blocks I mentioned in the maturing market structure. Once those in place, more traditional institutional investors will be ready to get in and hence boost the liquidity and valuation of the digital assets. That is the new beginning of digital assets being accepted as part of Main Street investment globally.

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BitOxford-best cryptocurrency trading platform

BitOxford-best cryptocurrency trading platform
Now a days, Cryptocurrency has become a global phenomenon among banks, people, governments, and firms. considered because the money of the longer term, cryptocurrency may be a digital asset developed to figure as a reliable medium of exchange. Cryptocurrency transactions are secured through cryptography. With Bitcoins global success, various cryptocurrencies are getting into the market and became a popular selection for on-line investment.


Cryptocurrency exchanges are on-line platforms wherever you'll be able to exchange one cryptocurrency for an additional cryptocurrency . In alternative words, depending on the exchange, it's either sort of a stock exchange or a currency exchange .


BitOxford is The best cryptocurrency trading platform . It is a cryptocurrency derivatives exchange. We currently offer Future contracts that have cryptocurrencies as underlying (e.g. BTC, ETH, XRP and XLM) and are settled in BTC. BitOxford is the best trading platform for beginners. It helps to trade easily and earn money.


https://preview.redd.it/cm0baz6xmhs31.png?width=312&format=png&auto=webp&s=a0eaecf024b1c8c9516a0a87a191bf04c7387020
How to make trade on BitOxford?

  1. First,create an account by filling up the information in the sign up form.
  2. Recommend to Friends And Earn Referral Bonus.
  3. Store and trade coin.


BitOxford capabilities:

1.Digital And Crypto-Currencies Exchange
2.Franchise Partnership
3.Lending To Traders
4.Peer-To-Peer Currency Exchange
5.Multi Currency E-Wallet


How to trade with BitOxford?

After login successfully into your account you'll be able to deposit some fund in your account to begin trading . currently you're able to begin your first trade with BitOxford .To know additional simply visit at our website https://bitoxford.com -The Best trading Platform.
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Bitcoin Not Accepted: Burger King’s Crypto Foray Short-Lived

Bitcoin Not Accepted: Burger King’s Crypto Foray Short-Lived

News by Cointelegraph: Julia Magas
The German branch of Burger King has begun accepting Bitcoin (BTC) on its website and mobile app, as reported by Cointelegraph on Sept. 3. But has the initiative increased consumer demand for the company’s fast food, and is it really possible to buy the popular Whopper burger with Bitcoin? What difficulties has the restaurant faced in its three years of cryptocurrency experience?

Whoppers for Bitcoins

Burger King was one of the first international fast-food chains to accept Bitcoin as a means of payment. For the first time, visitors were reportedly able to buy burgers with crypto back in 2016 when the Netherlands branch of Burger King started accepting Bitcoin, with the first restaurant offering burgers to crypto holders located in Bitcoin-friendly Arnhem. The announcement was made by the first Bitcoin embassy on Feb. 18, 2016.
The Burger King Arnhem branch also announced that any customer who pays in Bitcoin will get a second Whopper for free and that the restaurant will host special meetups for those interested in digital currencies.
However, on May 31, the Arnhem Bitcoinstad representatives announced that local Burger King restaurants have stopped accepting Bitcoin and the digital currency payment initiative was just a temporary promotional campaign:
“Unfortunately, Burger King no longer accepts bitcoins after 31 May. So you only have a chance this month to take advantage of their offer! If you pay Whopper with bitcoins, you will receive a second Whopper for free!”

You can’t use or trade WhopperCoin

Since that time, crypto burgers have reached Russia. Burger King Russia announced a new payment method and even released a WhopperCoin loyalty bonus. But has anyone heard anything about Bitcoin and Burger King since then? Hardly.
On Aug. 25, 2017, 1 billion WhopperCoins (WHO) were issued using the Waves blockchain. The new cryptocurrency was intended for buying Whoppers or other burgers and sides. In particular, the company promised a free flagship Whopper to any customer who accumulates 1,700 coins.
At the same time, Burger King Russia actively promoted its cryptocurrency, and the translated statement claims that “eating Whoppers today makes for a financially prosperous tomorrow.” One can find out whether WHO holders have gained financial success by looking at the trading charts on the YoBit exchange. To date, YoBit is the only exchange on which WHO is listed, although WHO-BTC trading volumes stand at zero.
It’s not so easy to find a Russian Burger King restaurant where Bitcoin payments are accepted, nor is it possible to make an online order using crypto. This may be caused by the active interference of Russian authorities in the local franchise’s activities. Specifically, the Moscow prosecutor’s office repeatedly summoned representatives of Burger King Russia to explain the operation of WhopperCoins and confirm that the company hadn’t issued its tokens for general use, reminding them about the illegal nature of cryptocurrency operations in Russia.

“Wir akzeptieren Bitcoin”

After two years of silence, the Burger King-Bitcoin tandem reappeared in the media, with the German division’s announcement that it will now accept Bitcoin payments on its delivery site and mobile app. The news and subsequent user discussion quickly spread across the internet:
“BREAKING: Burger King in Germany now accepts Bitcoin in their app!\ “Every day more than 11 million guests visit Burger King restaurants around the world. It’s the second largest fast food burger place in the world. “BTC accepted here, BTC accepted there, BTC accepted everywhere!”
To increase the volume of its retail sales, Burger King has created a mobile application. It was reported that San Diego’s Tillster, which seeks to adapt to the ever-growing customer base of a restaurant chain and the requirements for a well-scalable payment system, has become a partner in its creation. Perse Faily, CEO of Tillster, said:
“For consumers, they are able to utilize a convenient easy way to pay for their goods and opt-in to additional services that brands are developing, […] such as loyalty programs, exclusive coupons and other engagement tools.”
Notably, Burger King chose to remain silent about the new payment method, while a more detailed study showed that its restaurants have nothing to do with Bitcoin, although its partner does.
So, can a burger be bought for BTC at a Burger King in Germany? Yes, but not in its brick-and-mortar restaurants. One can pay with Bitcoins and Bitcoin Cash (BCH) by ordering delivery online through the Lieferservice delivery service, which works with restaurants throughout the country. In other words, it’s akin to Apple announcing that AirPods have become available for purchasing online, but were actually sold on Amazon. As it appears, this is not Burger King’s own initiative.

At the same time, Burger King Lieferservice redirects users to BitPay upon ordering products, which, in turn, generates a QR code for payment in Bitcoin or Bitcoin Cash.

Where can I really pay with Bitcoin?

Judging by interactive Coinmap statistics, the number of offline venues accepting Bitcoin today exceeds 15,400. From time to time, information appears on the internet that visitors of one establishment or another can pay with cryptocurrency. In May, United States-based payment service Flexa enabled Starbucks and 14 other retailers to handle Bitcoin transactions. In July, Singapore’s food chain KOPItech installed special stall-specific kiosks for customers to order food using cryptocurrencies. But does any of this really work?
With Bitcoin, Ether (ETH), Litecoin (LTC) or Dash, one can buy burgers, street food, coffee, pizza, or sushi in the U.S., Australia, the United Kingdom, Russia, Canada, Japan, Malaysia and even Kenya. In the Estonian capital of Tallinn, the convenience of cryptocurrencies was much appreciated by coffee houses — clientele can pay with crypto at 10 venues. A cryptocurrency wallet can be used to buy pastries at Dublin’s Krust Bakery and sweets at Rom’s Steccolecco. Meanwhile, cryptocurrency payments are accepted at 94 restaurants to date in the U.S., according to BitcoinRestaurants.net.
In most cases, small, private venues or local franchises of large chains are the ones taking the initiative. As for the latter, the idea of ​​using cryptocurrencies as payment has usually come from a local restaurant owner and is an advertisement in nature. A popular example is when the Canadian branch of another fast-food giant, KFC, announced a temporary promotional campaign on Jan. 11, 2018 that included BTC payments. The restaurant owners decided to support the popularity of cryptocurrencies by adding “Bitcoin Basket” to the menu — i.e., a bucket of chicken wings.
A competitor of KFC, Subway, has also been reportedly attempting to set up Bitcoin payments to attract customers. Emily Rossi from Ruder Finn, a PR agency claiming to work with Burger King, noted that, as a rule, such promotions are temporary:
“It seems that the one restaurant that was accepting bitcoin may no longer be accepting it. Again, though, it varies by restaurant since each is independently owned and operated, so it’s up to each franchisee, not headquarters.”

How to pay with Bitcoins?

In most cases, restaurants and cafes use a QR code to receive cryptocurrencies, and the role of processing is assigned to operators such as BitPay and Coincheck. Meanwhile, developing countries often resort to local mobile applications that are developed to order.
By scanning the QR code, customers are able to transfer money from their cryptocurrency wallets to the ones belonging to venues. Transaction records are permanently stored on the blockchain, while account information remains private.
Atila Ajdinovski, the owner of a Bitcoin-friendly restaurant in North Jersey, claimed that using cryptocurrency as a form of payment could be more secure than paying with a credit card:
“When they have your credit card, they have the expiration date. They have all the codes. They can turn around and rob your credit card without you knowing.”

Problems

Despite prohibitive cryptocurrency laws, many venues are forced to come up with backdoors. One of these is converting client funds into fiat money, while conducting internal accounting in the traditional currency. Many restaurants try to circumvent the law by calling their cryptocurrency “loyalty bonuses,” like Russia’s Burger King and Lavka-Lavka, a farm-to-table restaurant chain. The owners of both establishments have repeatedly attracted the attention of authorities and even dealt with lawsuits.
Another problem faced by cafes wishing to accept cryptocurrency is the lack of widespread use of digital money. This question is especially relevant in developing countries. The venues have found a solution by installing crypto machines that exchange fiat for BTC, allowing everyone who wants to try something new but lacks cryptocurrencies to use the machine. Such an initiative was introduced in Prague, a unique project of a cafe and coworking center where payment is made exclusively with digital currency.
That being said, when a restaurant doesn’t pay for the transaction fee, the client may encounter paying a rather high one in some cases. A customer of a Ukrainian restaurant paid around 21% for processing the payment, sharing his negative experience on the internet:

Good for promotion, but premature for large-scale use

Most often, Bitcoin is accepted by small local cafes or family restaurants. Many representatives of large chains are testing this feature in individual venues, but are not introducing it at a large scale. Some news regarding BTC acceptance can simply be attributed to PR campaign and a desire to make the headlines of the media amid the growing popularity of cryptocurrencies.
In many respects, the reasons for the slow development of cryptocurrencies in the food and beverage industry are related to regulatory issues and ambiguity around the legal status of digital money, as well as consumer distrust in a new form of payment.
Meanwhile, the prevalence of progressive Bitcoin-friendly cities like Arnhem, where locals pay with cryptocurrency as often as with bank cards, are indicative of a future cashless society.
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