Investing in cryptocurrencies reflects investors’ opinion that in the future, cryptocurrency will be a functional means of payment. It’s that simple. How can the future of cryptocurrencies be predicted? Let’s have a look at it.

Today I have the honor of introducing the cryptocurrency with a market cap of around 200 million (24/3/18), making it #65 in the crypto world according to market cap.

Very simply: Golem is Airbnb for computers. Rent your unused CPU/GPU cycles and get paid in cryptocurrency. A decentralized network powering true cloud computing.

Source: vignette.wikia.nocookie.net

Golem is a decentralized application (DaPP). Decentralized – means that not one person or company „owns“ the application. Anybody who has spare computing power (CPU, GPU) can rent it via Golem DaPP – the only cost is electricity cost. All right there are more similar decentralized projects like a Gridcoin, Curecoin, BOINC. But they are rather altruistic projects than commercial projects. And on the other side we’ve witnessed some centralized project as SuchFlex, CPUsage, and many others but they all failed because of centralization: using centralized project (selling or buying CPU/GPU cycles) you have to trust that company behind this project (credit risk – maybe they aren’t gonna pay you or they go bankrupt), infrastructure costs of that company so you won’t receive so much money for computing power sold as you would receive utilizing decentralized project.

The most important messages:

  1. because of the decentralization, you don’t need to trust any authority
  2. because of the decentralization the infrastructure costs are very low

In my opinion, the only way to rent out CPU/GPU with profit (except mining altcoins via NiceHash) is a decentralized network with crypto token. And we have the solution – GNT!

Golem environment consist of requestors (Golem offers them tools to execute compute-intensive tasks, they get access to affordable and scalable solutions, which combine hardware and software.) providers (Golem combines and utilizes (almost) any kind of existing computing hardware. Hardware providers get paid for renting out their hardware.) and SW developers (Golem is flexible platform to deploy and monetize SW. SW developers use Golem as a distribution channel associated with access to hardware.)
Source: whitepaper

One of the most important periods of Golem was crowdfunding. They utilized for it Ethereum’s smart contracts. In the certain period (from 11th November 2016 to 2nd December 2016) anybody could send any amount of Ether to the certain address and doing so they created Golem Network Tokens (GNT). They set up levels of funding:

  1. 150k ETH (Brass Golem)
  2. 320k ETH (Clay Golem)
  3. 530k ETH (Stone Golem)
  4. 820k ETH (Iron Golem)

For every reached level of funding Golem team set up additional features which they promise to deliver. Fortunately, they fundraised „maximum financing level“, i.e. 820k ETH in 29 minutes! For investors is very important that total supply of GNT (1 billion) is final. So unlike Bitcoin or most of the cryptocurrencies your investment will not be eaten by inflation (for example we don’t need to go far – STEEM is the great example of inflationary cryptocurrency).


Golem team, source: blog.golemproject.net

I really like that Polish team because they could use the opportunity and could raise much more than 820k ETH but they didn’t do that! Another great thing about the team is that they’re active on social networks and they respond to questions about issues connected to using Golem Network. So every problem you can solve just going through social networks.

Now we have to wait for delivery of Golems, according to their promise they should deliver Iron Golem in the future. But in the whitepaper, they mentioned delivering Clay Golem 15 months after crowdfunding so it should be done right now (in early March). The reality is that they have the only alpha release of Brass Golem.

You can check their progress on Trello:


Source: https://trello.com/b/YL1qZ2pZ/brass-golem-progress-board

To be honest, I didn’t try to rent out my CPU/GPU cycles because my laptop is just for the Internet, watching movies etc., it doesn’t belong to high-end computers. Sometimes I even should buy some CPU cycles 😊

Does this project make a sense? Yes, it does! Just to summarize it:

Golem is Airbnb for computers. Rent your unused CPU/GPU cycles and get paid in cryptocurrency. A decentralized network powering true cloud computing. There are requestors (they buy CPU/GPU cycles), providers (they rent out spare CPU/GPU cycles) and SW developers. It’s decentralized network so there is almost no credit risk and very low costs of infrastructure.

Useful resources:

You can track the progress: https://trello.com/b/YL1qZ2pZ/brass-golem-progress-board
Everything about the project: https://golem.network/index.html
Here you can try the Alpha version of Brass Golem: https://golem.network/alpha.html

The best platform for buying BTC or other coins is Binance:

Disclaimer: Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.

Hi everybody!

This time is data little bit delayed because of some issue with Streamr. Data streaming is not working correctly. I can offer you at least data from 14/3/18 22:00 to 16/3/18 2:00. You can compare this data with the last release:
https://steemit.com/bitcoin/@mmaarrttiinn11/bitcoin-tweets-in-last-24h

I have a great news! I added to chart price of BTC so you can do analysis on your own. I hope you will appreciate it.

This periodical analysis can even help you to decide when to publish your posts about cryptocurrencies. As you can see, it’s clear that the peak is around 17:00 UTC. And around 21:00 UTC, right now, it is something like the average of the whole day, so not bad.

The best platform for buying BTC or other coins is Binance:

Disclaimer: Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.

Hi everybody,

Today I’ll show you great use case of Streamr. As part of my daily work (regarding investing in cryptos) I monitor bitcoin sentiment.

Since today I’m going to monitor the frequency of tweets about bitcoin so I can easily conclude whether the market is calm or I can expect some price fluctuations.

Of course, I can browse the Internet and I’ll find some information about the frequency of tweets or Facebook posts about bitcoin. But utilizing Streamr’s canvas I can easily adjust the frequency (number of the tweets in 1 minute, 1 hour, 12 hours,…) and I have the real-time data every time.

If you want the same data, it’s quite easy. Just sign up on Streamr.com and create canvas according to this picture:

Maybe you’ll need to pass the tutorial so you’ll get basic experience:

I’m glad to say that they have the great experienced team and when you don’t how to make something, they’ll quickly help you:

I’ve written articles about DATA:
https://steemit.com/bitcoin/@mmaarrttiinn11/why-datacoin-s-price-decrease-absolutely-in-usd-and-relatively-in-btc
https://steemit.com/streamr/@mmaarrttiinn11/streamr-data-coin-1000

Great exchange for buying DATA is Binance:

Hi followers!

Today I have the honor of introducing the cryptocurrency with a market cap of under 100 million (07/03/18), making it #119 in the crypto world according to market cap.

source: civic.com

In digital age personal information of clients are centralized –banks, hospitals, government, etc. – every company stores thousands or even millions of personal identity information („PII“). These places are tempting for hackers. They need to hack just one system to get so many information. And as you probably know, that’s happening quite often. You can search on deep web or dark web to get know how much costs PII – Social Security Number, drivers license number, credit card number,…

These PII are the most valuable and they’re stored in banks, insurance companies,… Other interesting information which is worth something: mobile number, personal e-mail address, IP address, online gaming account credentials,…so it’s not surprising that hackers keep trying to steal them. One from last month: „A document submitted by Equifax to the Senate Banking Committee shows attackers may have also stolen tax ID numbers, additional driver’s license and credit card details, email addresses, and phone numbers.“

Major problems of current identity verification („IDV“):

  1. The IDV process is highly redundant as every bank, hospital, government, employer,… have to collect client’s PII.
  2. Extreme inconvenience for client’s – it’s annoying every time you apply for a new job, new bank account, sign up for a doctor, you must fill in your PII
  3. Security – data vulnerability to thefts as they’re centralized. You must rely on companies that they’re able to protect your PII.


source: civic.com

As blockchain’s terminology is quite difficult to understand I’ll make it easy as possible. Let’s have a look at the main points of CVC according to Whitepaper:

Let’s have a user („User“) of the CVC platform („Ecosystem“) who applies for a product from Service Provider A („A“). A verifies the User’s PII using its existing verification methods. User’s PII is stored on his device (it’s crucial because this way all PIIs are decentralized so hackers can’t steal data from all clients at once). Calculated hashes of User’s PII are stored on the blockchain. Later, User applies for a product or service from Service Provider B („B“). Without CVC Ecosystem B would require the User to fill in all PIIs as A did before. But using CVC Ecosystem B can request access to PII of the User. If the User and B agree on a mutually acceptable validator that has previously attested to the data (it can be A, who offers a price (in CVC) for its attestation). Now A enable B to locate and view the blockchain transaction details relating to A’s attestation on the blockchain. B would then be able to recreate the hashes for that PII and compare them to the transaction on the blockchain. If is B satisfied, B can purchase attestation and thus avoid expensive identity verification. The User avoided annoying filling in forms. It’s win-win because A get paid, B saved some money and the User saved time.


Source: Civic’s whitepaper

Smart contracts will enable validators (Service provider A in our case) to offer their attestations for sale to others (e.g. service providers), of course, subject to obtaining the User’s approval). It’s going to improve identity verification efficiency, as validators have their attestation methods.

Possible threats: CVC has one common disadvantage with all cryptocurrencies – price volatility. As the price of CVC is highly volatile then providers using CVC will want some premium for evident risk – CVC can quickly lose its value. Another one is competitors – Self Key, Uport, Blockstack,…Summary

Investing in cryptocurrencies reflects investors’ opinion that in the future, cryptocurrency will be a functional means of payment. In this case, it depends whether companies will adopt CVC Ecosystem.

You can buy this coin right here, just click on the banner below:

I’ll appreciate every comment!

Disclaimer: Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.

 

Today I’ll update what’s going on with DATA. Firstly let’s see chart since my last post about DATAcoin:

Source: coinmarketcap.com

Maybe you remember my post on Steemit on 27/1/2018. I’ll summarize it:

  • A cryptocurrency based on Ethereum
  • backed up by the experienced project management team
  • DATA solves the real-life problem – data streaming for IoT
  • Streamr provides a very good editor so Streamr is right now very useful for a common user

It’s obvious that correlation between DATA and BTC is very strong. Every peak or dip of DATA is accompanied by peak or dip of BTC. But watchful reader sees the yellow line (which is DATA/BTC price) almost constantly falling (except peaking around 18/2). So what’s the reason?

News:

  • They’ve started to update what each member of the team has been up to during the last 30 days (very positive)
  • They’ve hired new devs: Mariusz Roliński and Kare Nuorteva (very positive)
  • They’ve become (on 12/2) very transparent as they update their roadmap progress on Trello:
    https://trello.com/b/j24hxvjg/streamr-milestone-1
  • Unfortunately, they’re struggling to reach their 1st milestone as it seems to be done after almost 1 year only about 33%.

 

Source: trello.com

So it’s obvious they’re working hard and I believe they’ll achieve milestone 1 as soon as possible. To answer the main question of this article: The reason of price decreasing absolutely (in USD) and relatively (in BTC) is very probably due to the dissatisfaction of crypto investors and speculators as it’s extremely fast developing environment. So any delay in achieving milestones means price drop.

Writing this post me some time so I would appreciate your meaningful comments 🙂

Disclaimer: Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.

Hello everybody,

Every evening (occasionally at other times) I go through 50 newest posts on Steemit and I evaluate bitcoin sentiment:

This psychological analysis can complement your fundamental or technical analysis. I think it could be useful for Steemit community so I’ll share my analysis on regular basis.

The most interesting post I found while going through last 50 posts about bitcoin to evaluate bitcoin sentiment:

https://steemit.com/bitcoin/@bizon18/bitcoin-is-not-a-money-system##@mmaarrttiinn11/re-bizon18-bitcoin-is-not-a-money-system

The author writes about the history of currencies, simply said. He compares monetary changes which came from governments to the most recent structural change – cryptocurrencies. It’s really worth reading. Thanks @bizon18

Disclaimer: This is my opinion and everyone is fully responsible for their own investment decisions.

Hello everybody,

Every evening (occasionally at other times) I go through 50 newest posts on Steemit and I evaluate bitcoin sentiment:

Strongly bearish post -2pts
Slightly bearish post -1pts
Neutral 0pts
Slightly bullish +1pts
Strongly bullish +2pts

Then I convert it to % so it’s ready to use. This psychological analysis can complement your fundamental or technical analysis. I think it could be useful for Steemit community so I’ll share my analysis on regular basis. It costs me some time so I would appreciate your meaningful comments, upvoting or resteeming 🙂 I know how to reward your good comments, trust me 🙂 In upcoming days I’ll start covering Twitter and Facebook as well.

I recommend you Binnance as it’s the cheapest and the most reliable exchange for trading cryptocurrencies:

Disclaimer: This is my opinion and everyone is fully responsible for their own investment decisions.

Investing in cryptocurrencies reflects investors’ opinion that in the future, cryptocurrency will be a functional means of payment. It’s that simple. How can the future of cryptocurrencies be predicted? Let’s have a look at it.

Today I have the honor of introducing the cryptocurrency with a market cap of around 350 million (28/2/18), making it #52 in the crypto world according to market cap.

The core of ARK is SmartBridge, which enables cooperation between ARK and other blockchain based cryptocurrencies like BTC, ETH, LTC, and others. In the simplest form, you can understand ARK as a decentralized exchange. Let’s have an example: You need to pay for your new cell phone with BTC, for membership in some secret Facebook group with XMR and you, unfortunately, must pay a ransom for your daughter with ONION ☹. Having ARK will make the whole thing much easier – not in every cryptocurrency, but hopefully in a myriad of them, a special code can be placed making the blockchain listen to your ARK transactions and automatically exchanging your funds into the desired cryptocurrency. You will save time and transaction fees. Isn’t that nice? And it’s just beginning. You can trigger smart contracts by sending ARK – in this field ARK is competing only with BLOCK (market cap 190 million, making it #92 in the crypto world according to market cap).

Generally, the team behind ARK want to bring cryptocurrencies to real people who can use cryptocurrencies almost without knowing anything about using cryptocurrencies, easily creating just one wallet for everything. That’s great!

ARK utilizes DPoS (Delegated Proof of Stake) – a kind of democracy in cryptospace. Daniel Larimer (a software programmer who created the cryptocurrency platform BitShares) realized that Bitcoin mining was a total waste of energy (you can read an article about the energy consumed by bitcoin mining). In the DPoS system, there are just 50 or 100 miners (delegates) who are responsible for mining ARK and processing transactions and they are paid for the work. Just compare the energy consumed by 50 computers (ARK or another blockchain with DPoS) and the energy consumed by millions of computers (BTC, XMR). All right, we’ve saved some energy. Another disadvantage of bitcoin is the possibility of mining centralization (in countries with lower electricity costs).

Firstly, everybody who holds a stake in ARK, can vote for a delegate (and everyone is paid for voting – that’s important!). Voting costs you 1 ARK. You can vote for just one delegate. Otherwise, you must split your funds among more wallets and you’re able to vote for more delegates. 1 ARK = 1 vote. Splitting your funds into more wallets means splitting your voting power. So everybody can influence who is in the TOP mining group collecting rewards for the work. In ARK’s case, only the TOP 51 delegates are rewarded for the work. If you aren’t satisfied with your delegate’s work, you can change your vote (but it will cost you 1 ARK). This way, everybody can prevent the network getting centralized.

15% of the supply of ARK was divided among the 30 founding ARK team members based on the activity and participation of each member prior to the token exchange. 7% for the ARKShield Program – a professionally managed fund to provide healthy long-term growth of the ARK Platform, OTC exchanges, and to deal with matters of contingency, 2% for bounties and 1 % for escrow. 75% of ARK tokens are distributed to participants of the ARK Token Exchange Campaign (source: whitepaper of ARK). I think it’s quite reasonable, as team members are doing a great job and nobody works for free.

Once more: Investing in cryptocurrencies reflects investors‘ opinion that in the future the cryptocurrency will be a functional means of payment. It’s that simple. How can the future of cryptocurrencies be predicted? Let’s have a look at it.

I think ARK will be a functional means of payment because SmartBridge is the future!

Have a wonderful evening (or morning or afternoon depending on you daytime 🙂

Binance is well-known for its very low trading fees and hundreds of trading pairs. You can buy some coins on Binance, just click on the banner below, the registration will take seconds and you’re ready to make big money like me!

 

Useful resources:

Whitepaper: https://ark.io/Whitepaper.pdf

Information about team members: https://ark.io/team

Roadmap: https://ark.io/roadmap

DPoS explained: https://hackernoon.com/explain-delegated-proof-of-stake-like-im-5-888b2a74897d

Tracking delegates‘ work is possible here: https://explorer.ark.io/delegate-monitor

Disclaimer: This is my opinion and everyone is fully responsible for their own investment decisions.

Hello everybody!

I have a deal for you if you’re the short-term investor. If you know me you know that this is a rare situation. Generally, I give you only long-term tips. These days I guess you’re happy that your crypto investments have partially recovered. So this is a great opportunity to make quick profits. I’ve sold 50% of LTC, IOTA, and DATA.

Why these coins? Because these ones have recovered the most. Every time market rebounded this way, market correction followed quite quickly. I know it’s not that easy to sell in the time when you see prices of cryptos growing every day. But you will regret if you miss this opportunity.

The best platform for cryptotrading is Binance!

I’ll buy this great coins again around 66% of current prices. I guess it’ll happen in upcoming days, probably quicker than you think. So do you want to participate in this action? Feel free to ask me whatever you want! I’ll answer your question as soon as possible!

Have a wonderful evening (or morning or afternoon depending on you daytime 🙂

Binance is well-known for its very low trading fees and hundreds of trading pairs. You can buy some coins on Binance, just click on the banner below, the registration will take seconds and you’re ready to make big money like me!

Disclaimer: This is my opinion and everyone is fully responsible for their own investment decisions.

Investing in cryptocurrencies reflects the investor’s opinion that in the future the cryptocurrency will be a functional means of payment. It’s that simple. How can the future of cryptocurrencies be predicted? Let’s have a look at it.

Today I have the honor to introduce you the cryptocurrency with a market cap below 50 million. It‘s nothing else than DeepOnion running on completely anonymous browser Tor. It’s obvious that anonymity is the area of weakness for bitcoin with node traffic being sent in an unencrypted fashion. Bitcoin’s peer addresses are clearly visible IP presenting a prime opportunity for targeted attacks and consequently network interruption. Protecting client’s wallet address is one of the most important things in protection identity of coin’s holder. This problem is tackled by DeepOnion’s implementation of anonymous Tor IP addresses. DeepOnion comprises of a number of technologies such as Zero knowledge technologies (Zcash), CoinJoin technologies (Dash) and Ring signatures (Monero). So it combines great characteristics of time-proven cryptocurrencies. For more, you can read my previous article about Monero.

You can read about cryptocurrencies on Steemit as well!

I personally see a great advantage in the community around Tor. It has a large number of members and now they have the opportunity to improve DeepOnion project. It’s community reward programme that enables community members to earn ONION for their contribution towards the project. So it’s obvious that this project will be improving over next months and years.

Another great news is scalability (in contrast with bitcoin – at least before lightning network). The network can handle 63 transactions/sec. This is almost 10x the throughput of Ethereum and proves that DeepOnion is suitable for mass adoption as a cryptocurrency.

Using DeepOnion wallet

The first step is to download Tor (it’s free). As you probably know it’s a browser designed for anonymous surfing on the internet. There is no browsing history, no cookies and if you follow the basic rules, your internet activity is almost untraceable. So it’s very good environment for a truly anonymous coin. Now you can download the wallet and start to synchronize with network. It takes about 2 – 3 hours to download all blocks at the time I write this article. Then you’re ready to receive your first coins. It’s super easy.

The best platform for cryptotrading is Binance!

Threats

Distribution of coins could be a threat. It’s 90% premined which I see like a big warning. This 90% of coins (except 10% for dev team) is distributed via airdrops so it could become truly centralized cryptocurrency. And these days it’s extremely difficult to find out in which round of airdrop we are. Now I‘m going through DeepOnion forums and I see a declining interest in DeepOnion as in 2018 almost nobody posts about DeepOnion and that corresponds with the price declining from the peak on 10th of January. But this could be explained (at least one part of it) by the general correction in crypto world.

Conclusion

In conclusion, I can say that this is the cryptocurrency with a huge potential, thanks to a very sophisticated network allowing for truly anonymous transactions. On the other hand, it has recently been seen that interest in this currency has fallen, but I see it rather as an opportunity for a profitable purchase.

Binance is well-known for its very low trading fees and hundreds of trading pairs. You can buy some ONION on Binance, just click on the banner below, the registration will take seconds and you’re ready to make big money like me!

Disclaimer: This is my opinion and everyone is fully responsible for their own investment decisions.