Discover and read the best of Twitter Threads about #ETH

Most recents (18)

Ok, tired of working on crypto finance software for the day. Gonna do something fun for next 48 hours. This thread will be live tweets as I work on @ramijames EOS Chess challenge. Goal to have finished by Thursday at 5 PM UTC. Starting now ...
@ramijames Just created LAMP cloud server.
@ramijames Just bought domain ChessEOS.com because that's whacha do in the EOS dev community. Pointed it to server. Waiting for DNS to propagate.
Read 94 tweets
1/ I can't believe it's been this 3 years already. the @uport_me team won a prize after launching the first version of our Self Sovereign Identity wallet at DevCon2 on #ethereum complete with social recovery using proxy contracts, wallet connect like QR codes and gas funding.
2/ Our focus is still on Self Sovereign Identity for #ethereum, but we've learnt so much since our first experiment back then.

Here is a diagram of our original architecture...
3/ Most importantly the key to safely build #identity on a blockchain is to actually use as the #blockchain as little as possible.

Ideally a good identity solution for blockchain applications provides an off-chain method of linking together on-chain interactions.
Read 17 tweets
[THREAD] This past weekend I was lucky enough to have been a judge at @ETHBoston. As an investor in the space, here are some of my top takeaways, trends to watch, and favorite projects from the hackathon.
2/First, some context. Like other @ETHGlobal events, ETHBoston was well-attended, with over 400 hackers in attendance. Participants had a wide range of #Ethereum experience and traveled from all over the world to attend the event (stats below).
3/At the end of the weekend, 55 projects were submitted to judges. Of those, 6 projects were selected as finalists and they presented to the entire hackathon audience.

You can view all of the hackathon projects here on @devpost: ethboston.devpost.com/submissions

Read 13 tweets
0/10 Here is a sneak preview of the @UniswapExchange App deployed in a DAO.

The app empowers any @AragonProject DAO to swap #ETH to #DAI, in order to stabilise its treasury.

@threadreaderapp unroll

#empowerthedao
1/10

Start with 1 #ETH in the @UniswapExchange App installed in the @AragonProject DAO

Click "Swap Eth / Tokens"
2/10

Tell the app how much #ETH you want to swap for #DAI

App tells you the minimum amount of #DAI the DAO can expect to receive.

Click "Swap funds"
Read 12 tweets
Alright let's get this through.
My key takeaways from the latest @OwnMarket AMA, and why they make me more bullish than before.

18 tweets so stay focused. 😉

Let's go:

$CHX #STO #securitytokens #Blockchain #Crypto #Bitcoin #Exchanges #gaming #mobilegames #ETH #investing
Let's start with the big one. The first STO (project Crowd) is now confirmed to launch its raise in September, this will be accompanied with a huge marketing campaign.
Remember for every #STO, $CHX gets locked away depending on the total raise.
1 month to go 😎
OWN now has officially signed a cooperation with Raiffeisen Bank who will support them in the STO space and also with their upcoming Stock exchange.
This is an impressive bank with over 2 million customers which has received several "best bank" Awards. #banking #crypto $CHX
Read 18 tweets
@el33th4xor caught this. i'm going to break it down in a long, probably painful THREAD.
FinCEN issues, then maybe retracts, 30 pages of guidance that is stated to be a reiteration & consolidation of prior guidance "rules and interpretations to other common business models involving CVC (convertible virtual currency) engaging in the same ...activity"
6 sections: 1. key concepts within the context of the guidance.
2 consolidates & explains current FinCEN regulations, previous
administrative rulings, & guidance involving the regulation of money transmission under the BSA. 3. summarizes FinCEN’s 2013 guidance
Read 90 tweets
1/ Per request, here are my thoughts on #ETH (not investment advice).

Short story: looks higher from here.

(thread)
2/ #ETHUSD is at an immediate term inflection point as it is hitting trendline resistance and fib resistance right around $170.
3/ However, the volume has been very low (this is @Coinbase in the chart); daily volume has been below the 50-day moving average for 7 straight sessions.
Read 7 tweets
1/One area of the SEC's framework statement addresses assets that are intended to be #virtualcurrencies. This part of the "economic realities" section under the "expectation of return" prong suggests that an asset that "can immediately be used to make payments in a wide variety
2/of contexts, or acts as a substitute for real (or fiat) currency,” is less likely to satisfy the expectation of return prong. The Framework elaborates on the definition, "it is possible to pay for goods or services with the digital asset without first having to convert
it to another digital asset or real currency" and "the digital asset actually operates as a store of value that can be saved, retrieved, and exchanged for something of value at a later time." What kind of non fiat currency assets look and act like this?
Read 13 tweets
My takeaway from Apple Card launch is changing form factor of payments. Samsung and Apple are taking card-not-present payment instructions mainstream and making it 2nd nature to pay w/mobile. This is critical if cryptocurrency payment methods are ever to go mainstream. >thread>
Apple Card & Samsung Pay both tokenize card payment instrument to enable card-not-present payment instructions. Means these payments run through the four party payments model. Payer still instructs his bank to make payment to payee's bank account, via payment system operator.
What's important about this is that payment cards first launched in 1950s and took this long to become almost universally accepted. In early days of payment cards there were numerous problems related to clearing and settlement, fraud, security, etc. This hindered adoption.
Read 9 tweets
achievement unlocked: Destroy an entire financial ecosystem in one tweet-thread.

#bitcoin #btc #ltc #altcoins #blockchain #eth #ToTheMoon #reality #logic #truth
If you’ve seen GitS:Innocence, consider this yout Batou-gets-unhacked-in-the-convenience-store moment.
There are already people showing up in this thread that don’t get it.
The data *currently* being handed out en mass is (and always be) only protected by current methods. Those protections will not be able to protect today’s data from tomorrow’s tech.
Read 6 tweets
1/ After examining #Substratum's #BCH and #LTC crowdsale wallets and finding major discrepancies, I decided to take a look at the #ETH wallet. For reference, Substratum reported 17,778.25 ETH were collected during the ICO process.

etherscan.io/address/0xaf51…
2/ After compiling all of #Substratum's crowdsale wallet into a spreadsheet, I identified the tx below as the first crowdsale participant who received 55,000 #SUB in exchange for 10.1 #ETH.

etherscan.io/address/0xc343…
3/ Similarly, I was able to identify the address below as the last participant in the ICO. This wallet received a whopping 122,202 #SUB in exchange for 12.220246405 #ETH. Why this wallet received ~10,000 SUB/ETH? I don't know.

etherscan.io/address/0x6f2f…
Read 21 tweets
1/ #Substratum's whitepaper states that it received 602.1433 BCH during ICO. However, the BCH contribution address...

1KhDawtid3v9kdLLVybPQTWTs5FxfXDrMs

...reveals that 1304.26123096 BCH was received and subsequently sent off to a very large wallet (probably an exchange). #SUB
2/ 702.11793096 BCH are unaccounted for. Following the ICO, the "lost" #BCH was worth ~$295K. A few months later, it was worth $2.7M. Considering #Substratum's #ETH holdings are down to ~$1.2M, these misplaced funds would be very helpful right now.
3/ I just want to know where this 602.1433 BCH figure came from. The wallet address clearly shows a much higher number. Why lie about it? A similar "error" can be found between the quoted LTC amount in the whitepaper and the actual amount received in ICO as well. #Substratum #SUB
Read 6 tweets
HOW TO UPGRADE YOUR LIFE 2019 (MEGATHREAD)

I don't care where you are in life.

This thread WILL BENEFIT you.

I'll talk about:
Actions to take
Books to read
Mindsets to adopt
AND MORE

FOR FREE.

Merry Christmas To You All :)

So sit back
relax
RT

And read on
1. Inside First

While it's okay to make SHORT-TERM sacrifices in health to get ahead when you're young,

Make your health your priority.

It affects LITERALLY EVERY other aspect of your life.

In everything that you do, YOU are the common denominator.

So treat yourself well
1a. Sleep

You hear about it so often because it REALLY is that important.

Enough sleep reduces/prevents virtually every illness, more energy, less weight, stable mood, etc.

Not enough is the opposite.

Next will be some ways to improve sleep:
Read 59 tweets
1/ #Ethereum is crashing (not just in USD terms but in BTC terms); has the demand for a decentralized world computer disappeared, or is something else at play? Let's consider the fundamentals from an economic point of view.
2/ The price level of all monetary goods is determined by (and only by) reservation demand. More precisely, the duration that the average unit of the monetary good is held in reserve.
3/ At one extreme you have a good like gold that is stored in vaults in perpetuity because of a widely held belief that it will retain its value long into the future.

Gold has a very high reservation demand which is why it has a market cap of over seven trillion dollars.
Read 13 tweets
1/ Should we be that surprised with what's going on right now with #ETH and ICOs generally? This is what happens when you have $10B+ raised via ICOs in the last 12 months, no treasury management, no product (or users), and liquid/publicly traded market caps and "shares" (tokens).
2/ #crypto is great for the digital world, but for now (and some time), teams and their employees need fiat to pay for real, non-digital things like rent, food, services, transportation, etc.
3/ I expect this decline to last for another 3-6 months as a growing pipeline of teams both (A) have their non-fiat runways cut by 60-80%, which, if they raised enough for 2 years, is now only 4-9 months, and (B) need to extend their fiat runways by another 12-24 months to ship.
Read 10 tweets
1/
All within the last 30 days in #Bitcoin

• All #Lightning implementations hit Beta! @blockstream @lightning @acinq_co
• lightning.spin gambling #Lapp
• RGB #Lightning + #Bitcoin assets @giacomozucco
#Liquid Sidechain Issued Assets @Blockstream
2/
• AMP #Lightning payment routing research @joostjgr
• Full Privacy Wasabi Wallet @nopara73
#Schnorr Signatures BIP!! @pwuille @Snyke
• BIS chief says "stop trying to create money" 🤣
@coinbase custody open for deposits!
@CasaHODL open for Business!
3/
@CNBCFastMoney -"#Bitcoin is dead" #lmao
• low-tech inbound LN capacity solution @alexbosworth ⚡️
#BetterHash protocol for decentralized mining pools @TheBlueMatt
@TheCryptoconomy releases 100th podcast episode! 😉🤣
• Atomic on-chain #LTC to off-chain #BTC swaps
Read 7 tweets
I was wrong about the #ETH price two years ago, because I saw this, and other weaknesses, in its very design. It simply doesn't work.

Marketing false claims is getting harder to maintain.
We've seen a slow shift in #Ethereum's marketing strategy.

World computer -> unstoppable code -> rich statefulness -> ICO platform -> dapp platform -> etc.

Now it's, "ethereum has the most devs" or "solutions will be found to its problems, because it has the most developers."
It doesn't matter the quantity of devs you throw at the problem, as some over-exposed $ETH hedge funds will tell you (especially if the "blockchain devs" can't launch their little pet products).

It's *quality* over quantity, on a basic design that works.
Read 4 tweets
0/ #RESEARCH PAPER Review

Digital Tulips?
Returns to Investors in Initial Coin Offerings

Hugo Benedetti/Leonard Kostovetsky
Boston College

Draft Date: May 20th, 2018

#ICOs #cryptocurrency #BTC #LTC #ETH #EOS

poseidon01.ssrn.com/delivery.php?I…
1/ From a dataset of 4,003 executed and planned ICOs,
which raised a total of $12 billion in capital, nearly all since January 2017.
Average returns were 179% from the ICO price to the first day’s opening market price, over a holding period that averages just 16 days.
2/ Even after imputing returns of -100% to ICOs that don’t list their tokens within 60 days and adjusting for the returns of the asset class, the representative ICO investor earns 82%.

HODLING generated average buy-and hold additional returns of 48% in the first 30 trading days
Read 19 tweets

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