Bitcoin and Cryptocurrency Technologies A Comprehensive ...

I was scammed and need help!

My name is Gabriel Acosta, a small business owner seeking representation in a securities fraud case. I am a victim of online broker scam; a operation I was coerced into, and as a result of which I was defrauded by a company named Tridixoptions (Tridixoption.net), claiming to have a registered address at 1407 Moon Harbor ct, Saint Augustine, FL United States, representing itself as a “financial broker”.
The perpetrators approached me through the social media platform, Instagram, using profiles inquiring whether I was interested in making a small investment into their platform, Tridixoptions. I decided to give it a try with $300 USD. In my eyes, this was an opportunity and decided to incorporate a business to use as a personal investment structure and decided to use this "online broker" as a catalyst for the opportunity. Shortly after the initial deposit, they began charging me fees as the “investment value” increased on the platform. These fees included fees to increase wallet value, enable auto-trading and finally a withdrawal insurance fee, among other various "fees". The value listed on their "platform" consistently showed an increase in value; I went ahead and believed their listed returns and continued to deposit funds into the account. At the time of payout, I was shown to have a value of over 108,000 USD and had personally invested approximately 50,000 USD into their platform. Unfortunately, on May 31, 2019 after depositing the withdrawal insurance fee, I received communication from the platform informing me that if I had not received my payout by then that I will not receive one and to proceed with filing a lawsuit against them.
I am able to provide email documentation detailing what is described above, it is house and organized within the company OneDrive.
Upon further reflection, it is evident that this Merchant is operating the online platform under the address http://www.tridixoption.net/ and the deposit of funds were directed into a false and fictitious “trading account”. The cryptocurrency deposits I made into their account are as follows:
  1. Bitcoin (BTC) totally equal to 10,541.15 USD bought via Coinbase, LocalBitcoins and BitBase exchange (www.bitbase.es) platforms;
  2. Bitcoin (BTC) totally equal to 24,016.00 USD bought via Paxful exchange (www.paxful.com) – owned and operated by Paxful Inc., a company registered under the laws of the United States, having its registered address at 3422 Old Capitol Trail PMB # 989 Wilmington, DE 19808-6124;
  3. A wire funds totaling to 9,720.08 USD to another entity acting as Beneficiary, namely Coin Trader LLC, registered in the US with company number 1293008-93, based in 4621 SW KELLY AVE STE 200, Oregon, USA and holding an account with Keybank National Association. These funds were used to purchase additional virtual currency (BTC) and transferred into the e-wallet of the fictitious e-wallet.
The entirety of purchased BTC (virtual currency) were deposited into the following wallet addresses, as designated by the Merchant:
1EqldoPtl96ZDYF2uoATG5YV6Bj3uih4u9 (https://www.blockchain.com/btc/address/1EqLdoPtL96ZDYF2uoATG5YV6Bj3uih4u9?page=12)
3Qd7ghJ39CA3VrTc4DtATAyT3kVjvGcv6b (https://www.blockchain.com/btc/address/3Qd7ghJ39CA3VrTc4DtATAyT3kVjvGcv6b) AND 3QfSA27pAU68YRahSbbusCtEyKnNyNxp48 (https://www.blockchain.com/btc/address/3QfSA27pAU68YRahSbbusCtEyKnNyNxp48?page=1)
The aforementioned should have never been treated as owned by the Merchant. Neither the Merchant nor the beneficiary of payments demonstrated capacity to keep segregated accounts for such investment endeavors. It remains unclear how the Merchant passed through the on-boarding procedures of the cryptocurrency exchange, respectively whether the Merchant acted on his own or by an authorized representative in his relations with the cryptocurrency exchange. Following the principle that possible breaches of banking and financial laws, such as the allowance of payment processing in favor of unregulated legal entity, shall be observed and established by the competent authorities, I hereby report alleged financial fraud.
This situation has destroyed the potential of the company and my personal finances. The pain and suffering I have incurred due to these actions include: destruction of my personal credit, repossession of the company vehicle, eviction from my residence and subsequent homelessness and inability to provide health care of myself or my pet.
Herewith I kindly request:
I am searching for an attorney that can complete the following:
  1. File a lawsuit against the brokers that house the perpetrators e-wallet and where the virtual currency was transferred into. To elaborate: The prior twelve (12) months, I have been collaborating with a company based out of Europe that was tasked with informing all stakeholders and regulators of the issues I have been facing and attempt to make recovery of the funds (mychargeback.com). As of today, we have informed the authorities and the exchanges where the currencies were purchased (Paxful, LocalBitcoins, Bitbase, Coinbase) and have conducted an online trace of where the funds were transferred into using state-of-the-art cryptocurrency technology (Cyphertrace). There are two (2) exchanges that have processed the transactions and have violated domestic and international banking laws by not conducting proper due-diligence on both sides of the transactions: one located here in the United States (Paxful, Delaware) and the other located in Singapore (Luno). I have informed both entities of the illegal activities and at this moment, they are conducting internal investigations to protect their interests and contain liability. According to email documentation, they have traced the perpetrators and flagged their accounts to hopefully prevent another victim.
  2. Obtain the results of the subpoena and provide me additional representation in filing a lawsuit in an attempt to recover the stolen funds and provide justice for these illegal acts. This item may also involve filing a lawsuit against the cryptocurrency exchanges that failed to conduct proper investigations on both sides of the transaction to ascertain that the money was not going to fund terrorism, money-laundering, racketeering, trafficking or other illegal activities. These exchanges are now liable for violating both domestic and international law. They have failed to act in a manner consistent with being a "good banker”.
I have exhaustive documentation that is located in 3 separate links (https://www.dropbox.com/sh/dyp29kbutj03lhg/AABuQkRZJB2XgpHbmrtWdE_1a?dl=0 [1], https://www.dropbox.com/sh/rmimegg0vibp85o/AADQKR6AdEHuDPOw4pycij1Va?dl=0 [2], https://www.dropbox.com/sh/1pdsa1rua0inzd0/AAArv2BQ_Zr7Z7-vhhzQ2wNDa?dl=0 [3]) and organized in a manner to support my case. I seek representation to assist me in "digging myself out of the hole that I have been thrown into". I am hoping that someone out there can assist me in removing the "poison" from the "bite" that i received from these illegal actions and help me find justice, not only for myself but for the entire system which could cause societal crash and us into an new age of darkness and rampant avarice.
Thank you for your time and consideration,
Gabriel Acosta
submitted by My_Fathers_Keeper777 to Bitcoin [link] [comments]

Biblical End Time Events: The Truth Unfolded (A Super Conspiracy) Part 1

Biblical End Time Events: The Truth Unfolded (A Super Conspiracy) Part 1
I run a web company. On our homepage we offer free quotes. On August 11, 2020, I received the following "free quote request":

Free Quote Request: This Google doc exposes how this scamdemic is part of a bigger plan to crush your business and keep it closed or semi-operational (with heavy rescritions) while big corporations remain open without consequences. This Covid lie has ruined many peoples lives and businesses and is all done on purpose to bring about the One World Order. It goes much deeper than this but the purpose of this doc is to expose the evil and wickedness that works in the background to ruin peoples lives. So feel free to share this message with friends and family. No need to reply to the email i provided above as its not registered. But this information will tell you everything you need to know. https://docs.google.com/document/d/1HOZcA9jQlS2ngj4cspGv-F4Bu-E84Rj2Vr-u__Nuw5w/edit

The following is the contents of the google doc broken up into 3 parts due to its massive length.
Part 1 Part 2 Part 3
This is part 1/3:

Here is a quick synopsis of Bill Gates Vaccine/Microchip and the Mark of the Beast as mentioned in the bible

PROOF~THE NEW WORLD ORDER IS RISING. ACCEPT JESUS CHRIST TODAY!
https://www.youtube.com/watch?v=BGHzSUEgx_E&list=PLm9W9PpTsiQp7pzG6cnmf4iByUo45suup&index
A Military-Funded Biosensor Could Be the Future of Pandemic Detection
https://www.defenseone.com/technology/2020/03/military-funded-biosensor-could-be-future-pandemic-detection/163497/
The final days. What REALLY happens when you take the Microchip? 2/12/2019
https://www.youtube.com/watch?v=39B4OPukuAQ&list=PLm9W9PpTsiQp7pzG6cnmf4iByUo45suup&index
The Master Plan
https://www.youtube.com/watch?v=1oaJpKkFTlI&list=PLm9W9PpTsiQp7pzG6cnmf4iByUo45suup&index
ALERT! Pandemic is Planned! Bill Gates ID2020 Exposed!
https://www.youtube.com/watch?v=-aR7cz30chE&list=PLm9W9PpTsiQp7pzG6cnmf4iByUo45suup&index
This will give you the Total Understanding you need in this Hour!
https://www.youtube.com/watch?v=F_UhcFqyKco&list=PLm9W9PpTsiQp7pzG6cnmf4iByUo45suup&index
Microsoft submits a patent for the microchip. This is a legit patent site and a legit patent. You can't make this stuff up.
WO2020060606 = World Order 2020 666
Publication Number WO/2020/060606
Publication Date 26.03.2020
Applicants MICROSOFT TECHNOLOGY LICENSING, LLC [US/US]; One Microsoft Way Redmond, Washington 98052-6399, US
Microsoft patents cryptocurrency system using body data
https://patentscope.wipo.int/search/en/detail.jsf?docId=WO2020060606&tab=PCTBIBLIO
The connection between the vaccine, the microchip, and how they link to The Mark of the Beast
Although you see information in regards to Bill Gates's vaccine as well as the microchip patent submitted by Microsoft recently, a conclusive parallel we can draw from both of these things is the microchip could very well be within the vaccine itself (within the syringe needle that is) as a single event or the vaccine and microchip will be administered in 2 different events (which i highly doubt given with what is currently going on).
Either way, I ask those reading this document, to never take the vaccine/microchip whether these are administered at the same time or not, as they represent the Mark of the Beast.
Essentially, the evil powers that be will push for a cashless society using this plandemic (eventually saying it's not safe to handle cash), and in doing so, if people want to continue to buy and sell, then they must take the vaccine/microchip to signify they are deemed "safe" enough to return back into society. Basically the microchip will act as your new digital wallet in which it will be used to buy and sell things. But before this happens the evil powers that be will purposely crash all currencies (to make them worthless; look at the biblical verse Ezekiel 7:19 below) so they can usher in their version of bitcoin type of cryptocurrency in conjunction with the microchip.
Ezekiel 7:19 King James Version (KJV)
19 They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the Lord: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.
During this time many people will be fooled into taking the Mark of the Beast because they will have trusted their governments, false teachers/prophets, and mainstream media without carefully reading what the bible has to say about the Mark of the Beast.
Despite all this info, one thing is for sure, if you cannot buy or sell, or continue life normally as you used to unless you take the vaccine/microchip, then you will know this is the Mark of the Beast as mentioned in the Bible.

Revelation 13:16-18 King James Version (KJV)

16 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:
17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
18 Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.

https://preview.redd.it/6e6k1zcd50h51.png?width=935&format=png&auto=webp&s=4d58f1ed953c0fe312c6c54ba33d17b1a35f54d5

https://preview.redd.it/dd3uo8df50h51.png?width=899&format=png&auto=webp&s=4b09e65929de4059d0e4789d53d3dea1da83d026

LUCIFERASE - BILL GATES QUANTUM DOT MICRONEEDLE VACCINE TO ALTER YOUR DNA

https://www.bitchute.com/video/XSvEKJKAUiBD/
Luciferase Quantum Dot COVID-19 Vaccinations - The Bill and Melinda Gates Satanic Agenda (Video)
https://www.thelightinthedarkplace.com/2020/05/luciferase-quantum-dot-covid-19-vaccinations.html
An Invisible Quantum Dot 'Tattoo' Could Be Used to ID Vaccinated Kids
https://www.sciencealert.com/an-invisible-quantum-dot-tattoo-is-being-suggested-to-id-vaccinated-kids
It's a Beautiful day in BILL'S neighborhoodhttps://youtu.be/DoLOtwUcHgg?t=1175
The Bible is very clear: If you take the Mark of The Beast, you will be cast into the Lake of Fire!!!
Revelation 14:9-11 King James Version (KJV)
9 And the third angel followed them, saying with a loud voice, If any man worship the beast and his image, and receive his mark in his forehead, or in his hand,
10 The same shall drink of the wine of the wrath of God, which is poured out without mixture into the cup of his indignation; and he shall be tormented with fire and brimstone in the presence of the holy angels, and in the presence of the Lamb:
11 And the smoke of their torment ascendeth up for ever and ever: and they have no rest day nor night, who worship the beast and his image, and whosoever receiveth the mark of his name.
To help you understand the cashless society/microchip narrative, here is some evidence in regards to that:
1. THE C-19 WILL LEAD TO THE MARK OF THE BEAST....
https://www.youtube.com/watch?v=b9VbNx--MP4&list=PLm9W9PpTsiQp7pzG6cnmf4iByUo45suup&index
2. One ID To Rule Them All - Preparing The Way For The RFID Chip
https://www.youtube.com/watch?v=7p8Si-rCLOo&list=PLm9W9PpTsiQp7pzG6cnmf4iByUo45suup&index
3. RFID Chip is Mark of the Beast - (Testimony of Carl Saunders the RFID Chip Inventor)**Must Watch*\*
https://www.youtube.com/watch?v=j7y3S539tt4&list=PLm9W9PpTsiQp7pzG6cnmf4iByUo45suup&index
4. First Time Ever: 700 Employees Face the Microchip Implant at Work
https://www.youtube.com/watch?v=2ot4qqSmLxI&list=PLm9W9PpTsiQp7pzG6cnmf4iByUo45suup&index
5. Why human microchipping is so popular in Sweden | ITV News
https://www.youtube.com/watch?v=qWVQR99bXt8&list=PLm9W9PpTsiQp7pzG6cnmf4iByUo45suup&index
6. Two Prophetic Dreams / God Warns About What's Coming
https://www.youtube.com/watch?v=vGcnFPZX8UU&list=PLm9W9PpTsiQp7pzG6cnmf4iByUo45suup&index
7. Sweden sees microchip implant revolution | Al Jazeera English
https://www.youtube.com/watch?v=dl_gemn9a9E&list=PLm9W9PpTsiQp7pzG6cnmf4iByUo45suup&index
8. ID, Wallet, Keys All In Your Hand: Sweden Moves Into The Future With Microchipping | Nightly News
https://www.youtube.com/watch?v=Ksw-arKvMPk&list=PLm9W9PpTsiQp7pzG6cnmf4iByUo45suup&index
If you want to learn more, I have put together a playlist of 500+ videos (always adding new videos everyday) that bases itself around biblical end time prophecies through people's dreams, visions, along with other videos that expose the evil and wicked things the higher powers that be, have planned for us. This playlist helps bring the darkness into light while connecting the dots relating to the bible. I hope this information serves you well in uncovering the real truth.
https://www.youtube.com/playlist?list=PLm9W9PpTsiQp7pzG6cnmf4iByUo45suup
I have a lot more info to share. In case you want a more detailed breakdown of the many things that are happening, here it is:
Bill Gates is a wicked man. I'll break down the evidence for you in a series of videos located down below.
1. Innovating to zero! | Bill Gates
https://youtu.be/JaF-fq2Zn7I?t=236
Bill gates mentioned back in 2010 about reducing the global population through vaccines video starts around 3:56 min
2. Bill Gates Caught Funding Netflix Docuseries PANDEMIC #coronaviruses #VirusCorona #virus
https://www.youtube.com/watch?v=En3-eHyf68c&list=PLm9W9PpTsiQp7pzG6cnmf4iByUo45suup&index
Bill gates funded the netflix series called "Pandemic" which was in production 6 months prior to the virus outbreak in Wuhan China. Not only did he fund it, but the netflix series paints Bill gates as a savior in his fight to "save lives" and mysteriously releases a few days after the virus was breaking out in Wuhan China.
3. Event 201 Pandemic Exercise: Highlights Reel
https://youtu.be/AoLw-Q8X174
Bill gates funded the event 201 that was hosted back in Nov 2019 which was 3 months prior to the virus outbreak in Wuhan China. Event 201 was used to conduct a fake simulation pandemic of a virus to see how the world would respond. Funny enough, the first 40 seconds of the event 201 use the "corona virus" as the test simulation virus in this event.
4. Bill Gates of Hell Video Series. Here is part 1 (https://www.youtube.com/watch?v=jo5e7qS85ZI&list=PLm9W9PpTsiQp7pzG6cnmf4iByUo45suup&index)
The B!LL GATES of HELL | C0R0NA VIRUS (PART 2)(https://www.youtube.com/watch?v=AklgUzN9TcA&list=PLm9W9PpTsiQp7pzG6cnmf4iByUo45suup&index).
5. The B!LL Gates of HELL (part 3)The C0R0NA DRAGON
https://www.youtube.com/watch?v=QpKPFx3rTp4&list=PLm9W9PpTsiQp7pzG6cnmf4iByUo45suup&index
Bill Gates funded the research of the virus through the pilbright institute and not only does bill gates have the patent on the virus he also holds the cure/vaccine which he will try to get us to take. The original video that was uploaded was deleted and when the video was reuploaded, the content creator went back to the same website to check on Bill Gates having patented the virus and low and behold, that very website scrubbed bill gate's name from it
  1. Bill Gates funds the ID2020 initiative in which they (globalist elite) want to track us using digital IDs which are very very wicked and satanic. This digital ID is part of the mark of the beast system. https://id2020.org/
  2. This is all planned based on the Georgia Guidestones in which I quote "maintain humanity under 500,000,000 in perpetual balance with nature". If you want picture proof of that you can visit this site https://www.auricmedia.net/tag/georgia-guidestones/
All of what Bill Gates is doing is trying to get us to take the Vaccine/Microchip which is the mark of the beast as mentioned in the bible. If you Go to your KJV (King James Version) bible and read Revelation 13:16-18 you will understand the meaning behind all this.
Revelation 13:16-18 King James Version (KJV)
16 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:
17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
18 Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.

If you take the Mark of the Beast, this is what happens

Revelation 14:9-11 King James Version (KJV)
9 And the third angel followed them, saying with a loud voice, If any man worship the beast and his image, and receive his mark in his forehead, or in his hand,
10 The same shall drink of the wine of the wrath of God, which is poured out without mixture into the cup of his indignation; and he shall be tormented with fire and brimstone in the presence of the holy angels, and in the presence of the Lamb:
11 And the smoke of their torment ascendeth up for ever and ever: and they have no rest day nor night, who worship the beast and his image, and whosoever receiveth the mark of his name.

If you refuse the Mark of the Beast, this is what happens

Revelation 20:4 King James Version (KJV)
4 And I saw thrones, and they sat upon them, and judgment was given unto them: and I saw the souls of them that were beheaded for the witness of Jesus, and for the word of God, and which had not worshipped the beast, neither his image, neither had received his mark upon their foreheads, or in their hands; and they lived and reigned with Christ a thousand years.
All of what you see, the bible foretells us of what will happen and what is to come. The wicked elite planned all of this to happen. It was all planned by design. To usher in their one world order agenda using the virus as a scapegoat, to decimate world economies where people will lose their homes, businesses, and possessions. People will be starving during these times, and there will be chaos in the streets in due time. This is so the anti christ can rush in and save the day by getting you to take this evil vaccine/microchip/mark of the beast as the bible foretells us. That is why we are called unto repentance of our sins everyday and have faith in Jesus Christ who died on the cross for our sins, was buried, and rose again on the 3rd day. In times like these, we are called to pray because there will be massive destruction from both man and God in the last days.
The tribulation will last 7 years and billions of people will die from this. Not only that, but there will be 21 judgments (7 seals, 7 vials, and 7 bowls) from God throughout the 7 years with which each judgement will be worse off than the last until the 2nd coming of Christ. These judgements are meant for people who did not repent of their sins (living in a constant sinful and ungodly lifestyle), and/or reject the word of God along with not having faith in Jesus Christ as their Lord and Saviour who died on the cross for ALL our sins, was buried, and rose again on the 3rd day.
Because of what is happening around us, it will continue to get worse. They do this so people will be desperate enough to stop the pain. And the elites will present the vaccine/microchip/mark of the beast as the cure for the people's pain. But those that take the mark of the beast will live during the 7 years of tribulation until the 2nd coming of Christ in which Jesus Christ will come back to earth and kill those who took the mark of the beast and cast them to hell. During the 7 year tribulation, those that took the Mark of the Beast actually suffer from the 1st bowl judgement that is poured out. Here is that verse:
**Revelation 16:1-2 King James Version (KJV)**16 And I heard a great voice out of the temple saying to the seven angels, Go your ways, and pour out the vials of the wrath of God upon the earth.
2 And the first went, and poured out his vial upon the earth; and there fell a noisome and grievous sore upon the men which had the mark of the beast, and upon them which worshipped his image.
When you take the mark of the beast, it changes your DNA conforming yourself with the beast, which is satan. Once you take the mark of the beast, you will be damned to hell and eventually be casted into the lake of fire as the final destination place forever and there is no coming back.
This information is not to be taken lightly. If you're interested to learn more of the evil and wickedness that is planned before us, here is a 500+ youtube playlist (and growing everyday) of all things relating to the end times as the bible describes.
https://www.youtube.com/playlist?list=PLm9W9PpTsiQp7pzG6cnmf4iByUo45suup
I encourage you to share this information with friends and family to help them understand the times we are living in.
We are called to pray everyday in order to repent (turn away) from our sins and to have faith in Jesus Christ, who died on the cross for all our sins, was buried, and rose again on the 3rd day. It's important to repent daily because we sin on a daily basis whether we commit intentional sin or not. Also, pray daily because you are never promised a tomorrow.
John 3:16-21 King James Version (KJV)
16For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.
17For God sent not his Son into the world to condemn the world; but that the world through him might be saved.
18He that believeth on him is not condemned: but he that believeth not is condemned already, because he hath not believed in the name of the only begotten Son of God.
19And this is the condemnation, that light is come into the world, and men loved darkness rather than light, because their deeds were evil.
20For every one that doeth evil hateth the light, neither cometh to the light, lest his deeds should be reproved.
21But he that doeth truth cometh to the light, that his deeds may be made manifest, that they are wrought in God.
John 14:6 King James Version (KJV)
6 Jesus saith unto him, I am the way, the truth, and the life: no man cometh unto the Father, but by me.
1 Corinthians 6:9-11 King James Version (KJV)
9 Know ye not that the unrighteous shall not inherit the kingdom of God? Be not deceived: neither fornicators, nor idolaters, nor adulterers, nor effeminate, nor abusers of themselves with mankind,
10 Nor thieves, nor covetous, nor drunkards, nor revilers, nor extortioners, shall inherit the kingdom of God.
11 And such were some of you: but ye are washed, but ye are sanctified, but ye are justified in the name of the Lord Jesus, and by the Spirit of our God.
Revelation 21:8 King James Version (KJV)
8 But the fearful, and unbelieving, and the abominable, and murderers, and whoremongers, and sorcerers, and idolaters, and all liars, shall have their part in the lake which burneth with fire and brimstone: which is the second death.
1 Peter 5:6-8 King James Version (KJV)
6 Humble yourselves therefore under the mighty hand of God, that he may exalt you in due time:
7 Casting all your care upon him; for he careth for you.
8 Be sober, be vigilant; because your adversary the devil, as a roaring lion, walketh about, seeking whom he may devour:
Matthew 6:24 King James Version (KJV)
24 No man can serve two masters: for either he will hate the one, and love the other; or else he will hold to the one, and despise the other. Ye cannot serve God and mammon.
Revelation 3:16 King James Version (KJV)
16 So then because thou art lukewarm, and neither cold nor hot, I will spue thee out of my mouth.
Matthew 7:21-23 King James Version (KJV)
21 Not every one that saith unto me, Lord, Lord, shall enter into the kingdom of heaven; but he that doeth the will of my Father which is in heaven.
22 Many will say to me in that day, Lord, Lord, have we not prophesied in thy name? and in thy name have cast out devils? and in thy name done many wonderful works?
23 And then will I profess unto them, I never knew you: depart from me, ye that work iniquity.

The Dangers of the Once Saved Always Saved Doctrine

Why so many professing Christians will be left behind! The dangers of OSAS!
https://www.youtube.com/watch?v=3Wb_qb1XHNQ&list=PLm9W9PpTsiQp7pzG6cnmf4iByUo45suup&index
Is Once Saved Always Saved Biblical?
https://www.youtube.com/watch?v=3IMIHljWBSg&list=PLm9W9PpTsiQp7pzG6cnmf4iByUo45suup&index
Is Once Saved Always Saved Biblical? (Different Youtube Channel)
https://www.youtube.com/watch?v=EIXYRkTe7gc&list=PLm9W9PpTsiQp7pzG6cnmf4iByUo45suup&index
Once Saved Always Saved? I went to the Outer Darkness (Hell) for unfaithful christians!
https://www.youtube.com/watch?v=hOHHE4r0FGw&list=PLm9W9PpTsiQp7pzG6cnmf4iByUo45suup&index
Although we are called to repent of our sins and have faith in Jesus Christ who died on the cross for all of our sins, biblical scripture also tells us that we must be born again, through water baptism, in order to enter into the kingdom of God. Here are some biblical verses that expand on that:
John 3:3-5 King James Version (KJV)
3 Jesus answered and said unto him, Verily, verily, I say unto thee, Except a man be born again, he cannot see the kingdom of God.
4 Nicodemus saith unto him, How can a man be born when he is old? can he enter the second time into his mother's womb, and be born?
5 Jesus answered, Verily, verily, I say unto thee, Except a man be born of water and of the Spirit, he cannot enter into the kingdom of God.
Matthew 28:19-20 King James Version (KJV)
19 Go ye therefore, and teach all nations, baptizing them in the name of the Father, and of the Son, and of the Holy Ghost:
20 Teaching them to observe all things whatsoever I have commanded you: and, lo, I am with you always, even unto the end of the world. Amen.
If you would like to understand what is water baptism and why Christians do it, here is a video that helps explain it better:

What is Water Baptism and Why do we Do it? | Q&A

https://www.youtube.com/watch?v=dP5n_xbn5_U
If you would like to undergo a free water baptism, here is a worldwide map of those who can perform water baptisms within your community for free!
Here is the link: https://map.thelastreformation.com/
The Last Reformation also has a youtube channel if you would like to check it out
The Last Reformation
https://www.youtube.com/channel/UCJXcYb9zYJ8_QA3Bcg5Fe2g
submitted by twenty7lies to conspiracy [link] [comments]

HOW INDIVIDUALS INVEST IN BITCOIN

HOW INDIVIDUALS INVEST IN BITCOIN

Why Individuals Face Investment Risks When Investing in the Bitcoin Market


https://preview.redd.it/f49awic2dep51.jpg?width=1920&format=pjpg&auto=webp&s=cb17705025670123fdd792d219a14e1b39d827a9
There are several options available to individual investors who are seeking exposure to Bitcoin. Individuals usually buy Bitcoin with a credit or debit card, using online fiat to crypto services and cryptocurrency exchanges such as Coinbase and Binance. Based on our observations, individuals invest in Bitcoin mostly because of speculative expectations and cannot always properly manage the inherent investment risk.
Retail investors who are seeking to buy Bitcoin face challenges such as undeveloped crypto market infrastructure and complexity of the blockchain technology. They typically are not able to define a proper investment strategy and the optimal portfolio allocation to the new asset class. Therefore, they need professional assistance in making informed investment decisions.

Financial Professionals in the Bitcoin Market


https://preview.redd.it/kuyi5iz4dep51.jpg?width=810&format=pjpg&auto=webp&s=c9318ee07ac07e9cec7d78f72f49c207c3ac2d21
Financial advisors are still hesitant to enter the crypto market because of the lack of clear regulations and reliable valuation models. In addition, financial advisors still do not have sufficient knowledge of the crypto market infrastructure and basic blockchain expertise to explain their clients how digital assets such as Bitcoin work and the pros and cons of purchasing them.
Ironically, current securities laws and SEC regulations do not allow individuals to invest in Bitcoin through professional investment managers such as crypto hedge funds. This happens because only “accredited investors” are allowed to invest in private investment funds and they have to meet relatively high minimum networth or income requirements. For example, individual investors need to have net worth of at least $1,000,000 and permanent income at least $200,000 or $300,000 combined income if married, to qualify as “accredited investors”.
You can learn more about Bitcoin investment products and strategies here.
Legal Disclosure: The information contained in this article is the property of Digital Finance LLC and cannot be republished without our prior permission.
Digital Finance is a Washington, DC, financial company that specializes exclusively in the Bitcoin market. We provide easy and compliant exposure to digital assets and help our customers from all over the world to instantly buy Bitcoin and earn up to 6% annually on their Bitcoin holdings.
submitted by MaximNurov to u/MaximNurov [link] [comments]

Atari Token info-

Atari Token info-
Atari has been working on this behind the scenes for years in preparation.
Atari is now in the initial stages of release of the Atari Token project to tie in with the release of their upcoming new Atari VCS game console.
This will allow integration into games for ownership and transfer of digital assets with the ability to create or earn property in virtual worlds, cross platforms, through blockchain as well as E-sports, gambling, shopping, music and more.

Click this link to watch the Youtube video
CEO of Atari Talks Plans To Integrate Blockchain Into Atari's Games & The Launch of Atari Token
If you click the video here, it has no sound for some reason.

https://reddit.com/link/ghppnvideo/g8vaqa3mi9b51/player

As Fred spoke about, people in many countries will be able to start 'working' online in virtual worlds and games to then take that created wealth back out to the real world to pay bills, rent, food. For many poor countries this will literally be a game changer.

Atari Token <-- main page to sign up (free)

Atari Token: Agreement with Bitcoin.com Exchange
Atari Token will have it's IEO in November

https://atarichain.com/documents/atari-strategy.pdf
The strategy page talks about the Atari Payment network, the Atari Wallet, the Atari Exchange, the Atari Credit card.

https://atarichain.com/documents/atari-tokenomics.pdf

Atari Token Telegram project chat room

Atari takes over Sports Betting <-- Coming soon!!!

Atari Partners with Ultra to Add Games, Communities, and Services to its Atari VCS Home Entertainment System

Atari Partners with WAX For NFTs, Joins Board Alongside Shatner and Marvel <--Article

Atari® Teams Up with Unikrn to Deliver Enhanced Shopping, Betting, and Gaming Functionality to Atari Token


Atari VCS <-- Will use the Atari Token, new Atari open video game console / pc hybrid
https://shop.atarivcs.com/
https://shop.atarivcs.com/pc-mode
https://shop.atarivcs.com/classic-joystick
https://shop.atarivcs.com/hardware-specifications/
https://shop.atarivcs.com/develope
https://shop.atarivcs.com/media-contact/
https://shop.atarivcs.com/support/
Runs linux, can run windows, AMD Ryzen R1606G chip, can upgrade the RAM & SSD, wi-fi, bluetooth, can use a keyboard, mouse and more.


Atari announces the Atari Credit Card - using Cryptocurrency

Ties in with their payment system and token.
https://atarichain.com/documents/atari-strategy.pdf
From page 8-
Atari Credit Card- One of the most interesting features of the Atari Omni Wallet is the ability to make payments with crypto-currencies through the Atari Credit Card. In this way, you can use crypto-currencies with parties that generally only accept fiat currencies

On June 3rd, 2020, Atari Inc., and LightForms.cc Group LLc., signed into a strategic partnership agreement with each other.This opens up the entire Atari eco-system to LightForms and LightForge technology for use in Atari mobile applications and the new Atari VCS console. Reference- https://lightforms.cc/

Atari partners with Litecoin Foundation <-- Article.
Allows the Atari Token to be purchased with LTC. Prior to this, it had to use BTC or ETH. Soon will use ERP, fiat currency from several countries and more. LTC users can purchase an Atari VCS for a discount.

Atari partners with Innovative PC Video Game Marketplace Robot Cache to Support the Buying and Reselling of Digital Games Using Atari Token

The Sandbox Game <-- Will feature Atari properties and games using the Atari Token. One of the key features of our gaming platform is the possibility to create an ASSET from scratch (using VoxEdit), upload it to the marketplace and then monetize it into the blockchain.

Great article explaining -> What is The Sandbox Game?

Expansion of the Animoca partnership and Atari Token / Blockchain / VCS use cases- globally!

Animoca Brands and Atari strengthen partnership via REVV and ATRI Token Swaps
In addition to the existing areas of collaboration between the two companies, Atari’s classic motorsport video game properties Night Driver and Fatal Run will be included in Animoca Brands’ REVV ecosystem, with details to be provided at a later date.

Atari Teams Up with Native Gaming to Integrate Upcoming Atari Token in Native’s New MMORPG <- Article

Atari partners w/ Arkane Network to integrate the Atari Token across the digital entertainment ecosystem <-- Article
Allows developers to easily integrate the token into games and projects.

Atari and Wonder join forces on cross-platform gaming <-Article
WonderOS technology was designed to unify mobile, console, and PC gaming experiences, offering an ecosystem that gives access to multi-platform games, entertainment apps, and streaming services — locally or through the cloud.

https://play.google.com/store/apps/details?id=com.atari.atarimobile
https://play.google.com/store/apps/details?id=com.atari.crypto.wallet

The Atari Token can be staked- 3 month for 3%, 6 month for 6.5% or converted to the Atari Coin which is a Stable Coin.

And don't forget to keep an eye on the Atari Hotels project
https://www.youtube.com/watch?v=6abdMIqhkwo
Atari Hotels has so far sponsored three race vehicles- a desert race truck, a Nascar truck, and a Ferrari race car.

Atari's U.S. OTC stock ticker is- PONGF

The Atari Exchange

Atari Casino <-- coming soon

And again the Atari Token sign up page (free)

submitted by PowerDubs to AtariChain [link] [comments]

Anyone still under the illusion of Microsoft having been transformed into a kinder, more mutually beneficial partner, please read this patent.

WO2020060606 - CRYPTOCURRENCY SYSTEM USING BODY ACTIVITY DATA
https://patentscope.wipo.int/search/en/detail.jsf?docId=WO2020060606&tab=PCTDESCRIPTION
Before reading the following excerpts, keep this sequence of events in mind:
Master Slave (and we're not referring to HDDs here)
Step one: patent technology
Step two: sell slave IoT devices to consumers who readily purchase them especially after being promised that they'll be rewarded in cryotocurrency for their data.
Step three: collect data via Azure on unsuspecting human subjects' fMRI, EEG, body temperatures, EKG, sleep data, digitized health care information, consumer purchasing habits, reading and viewing preferences, social media activity and correlate with activities performed (tasks).
Step four: Use data to refine AI to profile human behavior, predict behavior and refine mind reading capabilities.
This article is actually incorporated in the patent!
https://news.berkeley.edu/2011/09/22/brain-movies/ Scientists use brain imaging to reveal the movies in our mind
Step five: Institute centralized global cryptocurrency financial system with no other alternatives in which to transact legally.
https://www.reddit.com/Bitcoin/comments/4nag4b/1988_economist_cover_predicting_a_world_currency/
https://www.economist.com/finance-and-economics/1998/09/24/one-world-one-money
Step six: To understand step six, Read George Orwell's "1984" or review the concept of an individual's freedoms being based not on the concept of natural rights but on their social credit scores.
Thank you Microsoft, Google, Apple, Amazon, Facebook.
Now the patent excerpts:
CRYPTOCURRENCY SYSTEM USING BODY ACTIVITY DATA
BACKGROUND [0001] A virtual currency (also known as a digital currency) is a medium of exchange implemented through the Internet generally, not tied to a specific government-backed “flat” (printed) currency such as the U.S. dollar or the Euro, and typically designed to allow instantaneous transactions and borderless transfer of ownership. One example of virtual currency is cryptocurrency, wherein cryptography is used to secure transactions and to control the creation of new units. [0002] Several cryptocurrencies exist. Among these, the most well known is a blockchain-based cryptocurrency. Most blockchain-based cryptocurrency is decentralized in the sense that it has no central point of control.
However, blockchain-based cryptocurrency can also be implemented in a centralized system having a central point of control over the cryptocurrency.
Bitcoin is one of the examples of blockchain-based cryptocurrency. It is described in a 2008 article by Satoshi Nakamoto, named“Bitcoin: A peer-to-Peer Electronic Cash System”.
[0003] A blockchain is a data structure that stores a list of transactions and can be thought of as a distributed electronic ledger that records transactions between source identifier(s) and destination identifier(s). The transactions are bundled into blocks and every block (except for the first block) refers back to or is linked to a prior block in the blockchain. Computer resources (or nodes, etc.) maintain the blockchain and cryptographically validate each new block and the transactions contained in the corresponding block. This validation process includes computationally solving a difficult problem that is also easy to verify and is sometimes called a“proof-of-work”. This process is referred to as“mining”. The mining may be a random process with low probability so that a lot of trial and error is required to solve a computationally difficult problem. Accordingly, the mining may require enormous amounts of computational energy. [0004] It is with respect to these and other general considerations that the following embodiments have been described. Also, although relatively specific problems have been discussed, it should be understood that the embodiments should not be limited to solving the specific problems identified in the background.
SUMMARY
[0005] Some exemplary embodiments of the present disclosure may use human body activity associated with a task provided to a user as a solution to“mining” challenges in cryptocurrency systems. For example, a brain wave or body heat emitted from the user when the user performs the task provided by an information or service provider, such as viewing advertisement or using certain internet services, can be used in the mining process. Instead of massive computation work required by some conventional cryptocurrency systems, data generated based on the body activity of the user can be a proof-of-work, and therefore, a user can solve the computationally difficult problem unconsciously. Accordingly, certain exemplary embodiments of the present disclosure may reduce computational energy for the mining process as well as make the mining process faster.
[0006] Systems, methods, and hardware aspects of computer readable storage media are provided herein for a cryptocurrency system using human body activity data. According to various embodiments of the present disclosure, a server may provide a task to a device of a user which is communicatively coupled to the server. A sensor communicatively coupled to or comprised in the device of the user may sense body activity of the user. Body activity data may be generated based on the sensed body activity of the user. A cryptocurrency system communicatively coupled to the device of the user may verify whether or not the body activity data satisfies one or more conditions set by the cryptocurrency system, and award cryptocurrency to the user whose body activity data is verified.
[0007] Examples are implemented as a computer process, a computing system, or as an article of manufacture such as a device, computer program product, or computer readable medium. According to one aspect, the computer program product is a computer storage medium readable by a computer system and encoding a computer program comprising instructions for executing a computer process. [0008] This summary is provided to introduce a selection of concepts in a simplified form that are further described below in the Detailed Description. This summary is not intended to identify key features or essential features of the claimed subject matter, nor is it intended to be used to limit the scope of the claimed subject matter.
decentralized cryptocurrency networks or databases.
[0021] FIG. 1 illustrates an example environment 100 in which some exemplary embodiments of the present disclosure may be practiced. The example environment 100 includes, but is not limited to, at least one of task server 110, communication network 120, user device 130, sensor 140, and cryptocurrency system 150. [0022] Task server 110 may provide one or more tasks to user device 130 over communication network 120. For example, task server 110 may be at least one of a web server delivering or serving up web pages, an application server handling application operations between users and applications or databases, a cloud server, a database server, a file server, a service server, a game server implementing games or services for a game, and a media server delivering media such as streaming video or audio. The tasks provided by task server 110 will be discussed in more detail below.
[0023] Alternatively, cryptocurrency system 150 may provide one or more tasks to user device 130. For example, in a decentralized cryptocurrency network, the tasks may be proposed to user device 130 by miners (e.g. compute resources or nodes 210 of FIG. 2). In another example, in a centralized cryptocurrency system, a cryptocurrency server may send the tasks to user device 130.
[0024] Communication network 120 may include any wired or wireless connection, the internet, or any other form of communication. Although one network 120 is identified in FIG. 1, communication network 120 may include any number of different communication networks between any of the server, devices, resource and system shown in FIGS. 1 and 2 and/or other servers, devices, resources and systems described herein. Communication network 120 may enable communication between various computing resources or devices, servers, and systems. Various implementations of communication network 120 may employ different types of networks, for example, but not limited to, computer networks, telecommunications networks (e.g., cellular), mobile wireless data networks, and any combination of these and/or other networks. [0025] User device 130 may include any device capable of processing and storing data/information and communicating over communication network 120. For example, user device 130 may include personal computers, servers, cell phones, tablets, laptops, smart devices (e.g. smart watches or smart televisions). An exemplary embodiment of user device 130 is illustrated in FIG. 6.
[0026] Sensor 140 may be configured to sense the body activity of user 145. As illustrated in FIG. 1, sensor 140 may be a separate component from user device 130 and be operably and/or communicatively connected to user device 130. Alternatively, sensor 140 may be included and integrated in user device 130. For example, user device 130 may be a wearable device having sensor 140 therein. The sensor 140 may transmit information/data to user device 130. Sensor 140 may include, for example, but not limited to, functional magnetic resonance imaging (fMRI) scanners or sensors, electroencephalography (EEG) sensors, near infrared spectroscopy (NIRS) sensors, heart rate monitors, thermal sensors, optical sensors, radio frequency (RF) sensors, ultrasonic sensors, cameras, or any other sensor or scanner that can measure or sense body activity or scan human body. For instance, the fMRI may measure body activity by detecting changes associated with blood flow. The fMRI may use a magnetic field and radio waves to create detailed images of the body (e.g. blood flow in the brain to detect areas of activity). The material (http://news.berkely.edu/20l l/09/22/brain-movies/) shows one example of how the fMRI can measure brain activity associated with visual information and generate image data.
[0027] Cryptocurrency system 150 may include one or more processors for processing commands and one or more memories storing information in one or more cryptocurrency data structures. In some embodiments, cryptocurrency system 150 may be a centralized cryptocurrency system or network, for example, but not limited to, a server which may be privately run by a third party entity or the same entity that is running the task server 110. In other embodiments, cryptocurrency system 150 may be a publically accessible network system (e.g., a distributed decentralized computing system).
https://news.berkeley.edu/2011/09/22/brain-movies/ Scientists use brain imaging to reveal the movies in our mind
WO2020060606 - CRYPTOCURRENCY SYSTEM USING BODY ACTIVITY DATA
https://patentscope.wipo.int/search/en/detail.jsf?docId=WO2020060606&tab=PCTDESCRIPTION
Applicants * MICROSOFT TECHNOLOGY LICENSING, LLC[US/US]; One Microsoft Way Redmond, Washington 98052-6399, US
CRYPTOCURRENCY SYSTEM USING BODY ACTIVITY DATA
BACKGROUND [0001] A virtual currency (also known as a digital currency) is a medium of exchange implemented through the Internet generally, not tied to a specific government-backed “flat” (printed) currency such as the U.S. dollar or the Euro, and typically designed to allow instantaneous transactions and borderless transfer of ownership. One example of virtual currency is cryptocurrency, wherein cryptography is used to secure transactions and to control the creation of new units. [0002] Several cryptocurrencies exist. Among these, the most well known is a blockchain-based cryptocurrency. Most blockchain-based cryptocurrency is decentralized in the sense that it has no central point of control.
However, blockchain-based cryptocurrency can also be implemented in a centralized system having a central point of control over the cryptocurrency.
Bitcoin is one of the examples of blockchain-based cryptocurrency. It is described in a 2008 article by Satoshi Nakamoto, named“Bitcoin: A peer-to-Peer Electronic Cash System”.
[0003] A blockchain is a data structure that stores a list of transactions and can be thought of as a distributed electronic ledger that records transactions between source identifier(s) and destination identifier(s). The transactions are bundled into blocks and every block (except for the first block) refers back to or is linked to a prior block in the blockchain. Computer resources (or nodes, etc.) maintain the blockchain and cryptographically validate each new block and the transactions contained in the corresponding block. This validation process includes computationally solving a difficult problem that is also easy to verify and is sometimes called a“proof-of-work”. This process is referred to as“mining”. The mining may be a random process with low probability so that a lot of trial and error is required to solve a computationally difficult problem. Accordingly, the mining may require enormous amounts of computational energy.
[0004] It is with respect to these and other general considerations that the following embodiments have been described. Also, although relatively specific problems have been discussed, it should be understood that the embodiments should not be limited to solving the specific problems identified in the background.
SUMMARY
[0005] Some exemplary embodiments of the present disclosure may use human body activity associated with a task provided to a user as a solution to“mining” challenges in cryptocurrency systems. For example, a brain wave or body heat emitted from the user when the user performs the task provided by an information or service provider, such as viewing advertisement or using certain internet services, can be used in the mining process. Instead of massive computation work required by some conventional cryptocurrency systems, data generated based on the body activity of the user can be a proof-of-work, and therefore, a user can solve the computationally difficult problem unconsciously. Accordingly, certain exemplary embodiments of the present disclosure may reduce computational energy for the mining process as well as make the mining process faster.
[0006] Systems, methods, and hardware aspects of computer readable storage media are provided herein for a cryptocurrency system using human body activity data. According to various embodiments of the present disclosure, a server may provide a task to a device of a user which is communicatively coupled to the server. A sensor communicatively coupled to or comprised in the device of the user may sense body activity of the user. Body activity data may be generated based on the sensed body activity of the user. A cryptocurrency system communicatively coupled to the device of the user may verify whether or not the body activity data satisfies one or more conditions set by the cryptocurrency system, and award cryptocurrency to the user whose body activity data is verified.
[0007] Examples are implemented as a computer process, a computing system, or as an article of manufacture such as a device, computer program product, or computer readable medium. According to one aspect, the computer program product is a computer storage medium readable by a computer system and encoding a computer program comprising instructions for executing a computer process.
[0008] This summary is provided to introduce a selection of concepts in a simplified form that are further described below in the Detailed Description. This summary is not intended to identify key features or essential features of the claimed subject matter, nor is it intended to be used to limit the scope of the claimed subject matter.
decentralized cryptocurrency networks or databases. [0021] FIG. 1 illustrates an example environment 100 in which some exemplary embodiments of the present disclosure may be practiced. The example environment 100 includes, but is not limited to, at least one of task server 110, communication network 120, user device 130, sensor 140, and cryptocurrency system 150.
[0022] Task server 110 may provide one or more tasks to user device 130 over communication network 120. For example, task server 110 may be at least one of a web server delivering or serving up web pages, an application server handling application operations between users and applications or databases, a cloud server, a database server, a file server, a service server, a game server implementing games or services for a game, and a media server delivering media such as streaming video or audio. The tasks provided by task server 110 will be discussed in more detail below.
[0023] Alternatively, cryptocurrency system 150 may provide one or more tasks to user device 130. For example, in a decentralized cryptocurrency network, the tasks may be proposed to user device 130 by miners (e.g. compute resources or nodes 210 of FIG. 2). In another example, in a centralized cryptocurrency system, a cryptocurrency server may send the tasks to user device 130.
[0024] Communication network 120 may include any wired or wireless connection, the internet, or any other form of communication. Although one network 120 is identified in FIG. 1, communication network 120 may include any number of different communication networks between any of the server, devices, resource and system shown in FIGS. 1 and 2 and/or other servers, devices, resources and systems described herein. Communication network 120 may enable communication between various computing resources or devices, servers, and systems. Various implementations of communication network 120 may employ different types of networks, for example, but not limited to, computer networks, telecommunications networks (e.g., cellular), mobile wireless data networks, and any combination of these and/or other networks.
[0025] User device 130 may include any device capable of processing and storing data/information and communicating over communication network 120. For example, user device 130 may include personal computers, servers, cell phones, tablets, laptops, smart devices (e.g. smart watches or smart televisions).
An exemplary embodiment of user device 130 is illustrated in FIG. 6.
[0026] Sensor 140 may be configured to sense the body activity of user 145. As illustrated in FIG. 1, sensor 140 may be a separate component from user device 130 and be operably and/or communicatively connected to user device 130. Alternatively, sensor 140 may be included and integrated in user device 130. For example, user device 130 may be a wearable device having sensor 140 therein. The sensor 140 may transmit information/data to user device 130. Sensor 140 may include, for example, but not limited to, functional magnetic resonance imaging (fMRI) scanners or sensors, electroencephalography (EEG) sensors, near infrared spectroscopy (NIRS) sensors, heart rate monitors, thermal sensors, optical sensors, radio frequency (RF) sensors, ultrasonic sensors, cameras, or any other sensor or scanner that can measure or sense body activity or scan human body. For instance, the fMRI may measure body activity by detecting changes associated with blood flow. The fMRI may use a magnetic field and radio waves to create detailed images of the body (e.g. blood flow in the brain to detect areas of activity). The material (http://news.berkely.edu/20l l/09/22/brain-movies/) shows one example of how the fMRI can measure brain activity associated with visual information and generate image data.
[0027] Cryptocurrency system 150 may include one or more processors for processing commands and one or more memories storing information in one or more cryptocurrency data structures. In some embodiments, cryptocurrency system 150 may be a centralized cryptocurrency system or network, for example, but not limited to, a server which may be privately run by a third party entity or the same entity that is running the task server 110. In other embodiments, cryptocurrency system 150 may be a publically accessible network system (e.g., a distributed decentralized computing system).
https://news.berkeley.edu/2011/09/22/brain-movies/ Scientists use brain imaging to reveal the movies in our mind
submitted by snowboardnirvana to MVIS [link] [comments]

ArCoin from Arca: how the first tokenized US government bonds work

ArCoin from Arca: how the first tokenized US government bonds work

ArCoin from Arca: how the first tokenized US government bonds work
On July 6, digital asset manager Arca registered his private crypto fund Arca U.S. Treasury Fund at the US Securities and Exchange Commission (SEC). The fund invests most of its funds in short-term US bonds, while the fund’s shares are represented in the form of ArCoin Ethereum tokens of the new ERC1404 format, which fully comply with securities legislation.

Why SEC registration is important for Arca U.S. Treasury Fund.

Arca U.S. Treasury Fund is a closed-end hedge fund owned by the American digital asset management company Arca. It aims to combine the regulatory, legal and operational standards of the traditional financial sector with the efficiency of the blockchain. The company believes that actively managed hedge funds are the best way to address the volatility, immaturity, and rapidly changing nature of cryptocurrencies as an investment asset.
Registration with the SEC was not easy for the fund — Arca agreed on the form of its digital shares within 20 months. But now the fund’s securities comply with the 1940 Investment Companies Act, which regulates the work of investment funds, including those issuing their own securities.
For investors, SEC approval is an opportunity to receive guarantees from the traditional financial market: broker control by the regulator, independent audit and regular reporting, as well as the right to return their money in the event of a broker’s bankruptcy.
For an investment fund, registration with the SEC imposes obligations to provide information on the company’s financial position, investment policy and current operations, meet liquidity requirements, conduct an independent audit and transfer control over assets to an independent board of trustees. But this is what allowed Arca to release an institutional-grade product.

How Arca U.S. Treasury Fund works

Arca U.S. Treasury Fund invests 80% of its assets in short-term US Treasury bonds. The rest of the funds are invested in fixed income debt securities. As the fund plans to invest in low-risk assets, the ArCoin price is expected to be stable.
The fund operates just like any other fund holding US debt securities, but with the addition of blockchain to manage stocks. Investors do not invest their money directly in securities, but purchase shares of the fund — ArCoin tokens (ARCT). They were created by a special division of the company — Arca Labs. TokenSoft, a crypto startup that helps companies launch and sell tokens, has become a technical service provider.
ArCoin sets a new standard for Ethereum tokens — ERC1404. It is specifically designed to meet regulatory requirements. Unlike the universal ERC20 standard, ERC1404 is more strictly controlled: such a token can be frozen, and the addresses to which users can send it must also be predefined. This “whitelist” of permitted addresses allows the SEC to almost completely control and track their circulation and ensures that tokens are not transferred outside of regulatory oversight.
Each ArCoin grants the right to one share in the fund. The price of the coin is $1 with a minimum investment of $1000. A total of 100 million ArCoins will be available. Accrued interest is paid directly to ArCoin holders every quarter. You can buy shares directly through the website after passing the KYC / AML check. At the same time, investors can trade tokens with each other — the blockchain allows you to do without a broker.
The fund’s shares will not be available for trading on stock exchanges and for secondary trading on crypto exchanges. Notably, the prospectus filed with the SEC in April 2019 states that in the future, Arca coins “may be traded on a public decentralized or centralized electronic exchange platform that is registered with the SEC as an alternative trading system, although there is no guarantee that such systems or platforms will be available.” But, apparently, this situation did not suit the regulator, and in the latest version of the document it was changed.
The standard investor commission for fund management is 3.22%, but during the first year it will be reduced to 0.75%. Investors can keep ArCoin in their own wallets, but if the private keys from them are lost or compromised, the fund will replace the lost tokens with new ones. The digital assets are held in tokenized asset-oriented investment bank DTAC LLC, launched by TokenSoft last December.
ArCoin offers companies and investors several use cases and wide integration of the coin into the work of structures. Individuals can use ArCoin to hedge their cryptocurrency portfolio against volatility, and financial institutions and other companies can use ArCoin to clear, settle, pay and lend “more efficiently, less costly, faster and with the ability to directly track all transactions.”
The ability to pay for goods and services with tokens on US Treasury bonds is a revolutionary step that narrows the space between payment and investment funds.

Fight for a new trillion dollar market

US Treasuries, to which ArCoin is tied, are issued by the US Treasury Department and serve as a government debt financing instrument.
Traditionally, they have a credit rating equal to or close to the maximum AAA, and are considered one of the safest and most reliable assets in the world. This makes US Treasuries highly sought after by central banks, financial companies, and private investors around the world, as they act as a safe haven from volatility in stock and corporate bond markets in times of geopolitical or economic turmoil. The SEC cleared ArCoin linkage to US Treasuries makes the asset the safest and most regulated token on the market. This is a great choice in turbulent financial times.
The launch of Arca U.S. Treasury Fund is targeting one of Wall Street’s oldest outposts — investing in the US Treasury bond market.According to Brookings, its value is about $18 trillion. ArCoin is a modern alternative to existing methods of investing in Treasury securities (buying bonds from a broker or purchasing shares from an investment fund). Arca is clearly looking forward to the emergence and growth of a new market for fully regulated and SEC-approved digital shares in traditional assets. Moreover, their competitors are not other crypto funds, but traditional exchange-traded funds and ETFs.
The Arca team is made up of Wall Street veterans and knows what a product needs to be that will be successful. Blockchain aims to show investors that it simplifies, cheaper and speeds up the process compared to the traditional market. On the site, the Arca team describes ArCoin as a “blockchain-traded fund”, or BTF.
In comments to CoinDesk in February this year, CEO Ryan Steinberg said that Arca hopes to see large institutional investors as early buyers. It was for them that the company fought so long and hard to get registered with the SEC — it had to increase confidence in the products. “The answer to the question of why there are so few institutions in the crypto industry is simple: there are no institutional-grade products on the market,” Steinberg said, noting that ArCoin is just right for the needs of large investors.
“This is a huge leap forward in legitimizing securities on the blockchain.
Huge round of applause for the Arca team, great talent and domain expertise paired with great execution.” — TokenSoft CEO Mason Borda praised the Arca team.
However, the Arca team understands that success is not guaranteed. Treasury digital assets are a new and untested market. In its filing with the SEC, Arca recognizes the potential risks for investors. For example, digital asset markets may not have the liquidity that US Treasury investors currently enjoy in traditional markets. “The use of blockchain is relatively new and untested. Therefore, investors should initially expect greater price volatility in the secondary market than would be the case if the shares had greater liquidity, ”the application says. Other risks include congestion on the Ethereum network and “the possibility of breakdowns and trading stops as a result of undiscovered technological deficiencies.”

To the conclusion

SEC-registered crypto investment products are nothing new. Cryptocurrency investment fund Grayscale Investments, for example, is one of the largest bitcoin funds that is regularly audited by the SEC. But the point is, Arca offers its own cryptocurrency, not Bitcoin.
ArCoin is set to become just the first asset in the portfolio of SEC-approved financial products to be released by Arca. The increase in the number of such initiatives can convince the SEC that their launch does not carry enormous risks. For several years now, this regulator has refused to launch bitcoin ETFs, arguing this by the lack of a legal environment in the market, manipulation of asset prices, difficulties with liquidity, storage and arbitration, and non-compliance with the regulator’s rules. Now, amid the emergence of products such as ArCoin, the SEC may reconsider its opinion on Bitcoin ETFs.
The SEC approval for Arca has potentially opened the door to new and innovative blockchain-based financial products. Regulatory registration can be a challenge for many companies, but Arca has shown how to achieve it. The project has taken a pioneering and revolutionary step towards combining traditional finance with digital investments.
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EZ Blockchain launches a new business line EZ Energy, devoted to stranded, trapped and renewable energy

The new entity will participate in various energy projects, including gas flaring reduction, landfill gas reduction, and turning biogas into usable power.
CHICAGO, June 2, 2020 /PRNewswire/ -- EZ Blockchain - Chicago-based blockchain technology service company has reorganized its business into two companies with two distinct but equally innovative purposes. As a result of a spin-off, a new power generation business will be called EZ Energy Technologies, Inc., or EZ Energy. The transition separates their work in power generation and flare mitigation from the blockchain mining business. One of the primary objectives in branching EZ Energy off is to diversify the applications of the company's affordable energy sourcing maximizing technologies in sectors outside of cryptocurrency. Following the separation, Vlad Rodinoff, founder of EZ Blockchain will take the position of CEO at EZ Energy, and Sergii Gerasymovych will assume the position of CEO at EZ Blockchain.
EZ Blockchain, LLC and its executive team will remain the largest controlling shareholder of the EZ Energy business. The company anticipates the deployment of 9 MWs of its own power generating units, called SmartGrids, through the end of 2020.
Sergii Gerasymovych said, "There are other applications to use gas-generated power right on-site on the oil pad. None of that energy has to be wasted anymore with our combined technology. This energy could be used on-lease as prime power for oil and gas producers in addition to powering our mobile data centers."
EZ Blockchain originally became known for its services and products designed for cryptocurrency mining, primarily manufacturing mobile data centers known as "Bitcoin mining containers" along with the management of crypto mining facilities. Since the installation of EZ Blockchain's first mining mobile data Smartbox in 2018, designed and built exclusively by and for the company, EZ Blockchain has funneled much effort into an initiative aimed at harnessing wasted energy by reducing gas flaring.
The energy project started with a partnership with KTS Engineering, the official distributor of Jenbacher electric gas generators to give oil fields a viable and scalable option to turn excess natural gas into usable energy which otherwise goes into flares and wasted.
In two years since the installation of the first mobile data center in Indiana, EZ Blockchain's energy project has grown in scope. The mobile data centers have been designed to be oil field ready and to meet additional requirements of efficiency and remote operation. The new "EZ Smartboxes," coupled with EZ Blockchain's hugely positive footprint around the Midwest mobile data center locations, spurred the final decision to branch this energy effort into its own business line.
EZ Blockchain started in 2017 and is based out of Chicago, IL. The company is a full-service crypto mining facility management company that builds and operates physical infrastructures for blockchain-based mining, which has positioned the group to develop sustainable energy alternatives from a unique vantage point. Read more about EZ Blockchain and their projects and investments on their website www.ezblockchain.net.
Originally posted by PR Newswire | June 2, 2020 EZ Blockchain
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Webcast Insights -Blockchain for the Legal Industry: How Is the Coronavirus Crisis Making Adoption More Imminent?

Webcast Insights -Blockchain for the Legal Industry: How Is the Coronavirus Crisis Making Adoption More Imminent?
Notoriously, the legal industry has always been slow at following technology innovations and adjusting to up to date digitally performed processes. By tracing the different steps of the legal industry evolution, we find that Kleroterion was a sophisticated innovative system used in ancient Athens that allowed citizens to participate in the lawmaking process by a random selection of jurors, as a way to circumvent manipulation and corruption of the system. Modern justice systems, established in the 17th and 18th centuries, provided regulations for the new industrial and economic development. However, with the start of the 21st century, they began to show their limits mostly within their structure built on papers.
The advent of the internet further highlighted these cracks, even though there have been signs more recently that times may be mature for disruptive technologies to finally enter the legal space too. The EU and its member states like Estonia, along with the US, Australia, China, have been pioneers in developing advanced Information Technology systems that led to the creation of an e-justice structure. They paved the way to other countries to embrace Blockchain, Artificial Intelligence, and the Internet of Things, which are now identified as the best technologies enabling a more efficient, secure, and faster legal system worldwide. In Estonia, e-filing was first considered back in 2005 and since then it’s been developed to become a central point for the exchange of information between authorities, from the police to prosecution offices, courts, prisons, tax and customs board, lawyers and citizens. Thus saving money and time by reducing the entanglements of bureaucracy.

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In Canada, the cases of British Columbia and Ontario set as examples for exploring the electronic documentation system as opposed to paper, already back in 1996. Initially, it brought to little implementation due to the high costs, scaling, and complexity of the matter at the time. It was only in 2009 that Ontario’s Ministry of the Attorney General approved $10 million in funding to create a system intended to permit enhanced functionality such as e-document management, court scheduling, financial and automated workflow capabilities, and the introduction of online services to the public.
British Columbia’s case was more straightforward than Ontario. In the early 2000s, the Canadian Court Administrative Technology Suite drafted a program to integrate a system of connection of e-documents between law offices, the registry, the judicial, and the courtroom. It would include e-Courtrooms, provided they had implemented e-court files and links to the civil and criminal court information systems.
In the last couple of years, along with electronic improvements to the legal system, countries have looked at ways to use blockchain smart contracts in disputes, ownership of intellectual property, and any time of the agreement, to save money and time while offering more reliable and secure processes.
In the first webcast around blockchain technology, its impact on the world and the benefits it may bring to society, Block.co CEO Alexis Nicolaou discussed the legal industry and its reaction to the current coronavirus crisis with two prominent guests, legal practitioners Christiana Aristidou and Yiannos Georgiades.
Both members of the Cyprus Bar Association (and the Cyprus Blockchain Association), Christiana Aristidou has her own legal practice as Christiana Aristodou LLC, she is the Co-founder and Vice President of the Cyprus Blockchain Association, an International Business and Technology Lawyer and an ISO/TC 307 Blockchain Committee National Delegate. Yiannos Georgiades is a Commercial and Corporate Lawyer, also the founding partner of Georgiades & Associates. Yiannos is also a member of the Law Society in the UK as a European Registered Lawyer and President of the Cyprus Chapter of the European Court of Arbitration and Mediation for commercial disputes (CEAM).
Christiana was first introduced to Bitcoin while studying for a degree in technology law at the Queen’s Mary University of London in 2009. “The white paper was given to us by our professors for study,” recalls Christiana. “The fact that it had just been invented made me more curious about it. When Ethereum and its smart contracts were launched in 2014, I realized the tech could have a real disruptive nature, especially with regards to trust. As lawyers, we base legal services on trust. Then, you can imagine how relevant this tech had become for me”.
Nowadays, blockchain is in 2020 top tech trends and the first of LinkedIn’s most in-demand hard skills for 2020. “Compound annual spending growth for blockchain is established in the range of 62% during the years from 2018 to 2023, led by the banking industry followed by manufacturing, process manufacturing, and professional services -continues Christiana- Why these industries? Because they are distinctively transactional industries and blockchain, of course, disrupts transactional businesses”.
“In relation to the current Covid-19 situation, the first semester of 2020 has revealed a strong increase in the use of the technology, therefore it may have contributed to its adoption but its growth this year was already predicted, regardless of the crisis ”.
Coronavirus has promoted the necessity for companies to further investigate digital work to satisfy future demand for a remote working style.
How could the judicial system become more efficient with the adoption of advanced technologies?
Yiannos believes that “Due to the current restrictions everyone rushed to use the existing technology. Those who already used it did not have a problem in adapting, the others just realized how important and urgent it has become to be more digitized.
Introducing e-justice in our lives will reduce costs, time, it will safeguard security, establish transparency, and the authenticity of transactions. We can also reduce the disputes by introducing e-justice together with blockchain through smart contracts”.

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In line with the progress made within the EU e-justice system, Cyprus Minister of Justice, Mr. George Savvides, wants to introduce e-justice in the frame of other reforms, supported by Deputy Minister of Research and Innovation Mr. Kyriakos Kokkinos.
Meanwhile, in China, three provinces have introduced blockchain within their judicial system highlighting the reduction of the carbon footprint as one of the benefits since physically traveling to the courts would be avoided.
China is a pioneer in the introduction of e-justice combined with blockchain. Some courts developed their own platforms and introduced the first internet court as an incubator to develop and implement it in the normal physical courts and using blockchain as a way to authenticate documents was so useful during the coronavirus crisis” — continues Yiannos.
Yiannos is also co-founder of the Metropole Alliance, the European association of lawyers.
“There is a strong collaboration among members to promote e-justice via education. Every member country can influence their own local authorities to implement e-justice as fast as possible. The EU has committed to speed adoption of the technologies for over a decade and as the world becomes more digitized, now is the time to implement them in the legal system also. Validation of documentation through blockchain would make processes faster and would be a real benefit for justice”.
Christiana believes that remote work is here to stay, it’s one of the crucial steps to business digital transformation and needs to be implemented strategically and seen as a part of a whole plan.
“Home office and cloud are not enough, we need to make sure that all systems allow us to stay connected in remote and not remote with instant communication, and be able to track work progress continuously. The ability to develop new leadership skills becomes another factor in times like these. Leaders should further improve the way they relate to their teams, they need to be able to identify talents, technical skills, the personalities of teams, they’re all important aspects of our projects.
Lawyers should also start learning how technologies like blockchain, AI, and IoT can improve our services. My advice is to partner with companies like Block.co because it helped me serve my clients more securely and efficiently. Before blockchain and Block.co, registering intellectual property was a lengthy, tedious, and tiresome process. Witnesses were needed, declarations of every movement were required and legal documentation ended up being kept in a fireproof safe corner of the office. I don’t do that anymore because Block.co simply gives me a hash and that way the intellectual property and the copyright owner are protected forever on the blockchain”.

https://preview.redd.it/oc3lajgfbg451.jpg?width=700&format=pjpg&auto=webp&s=cdcd37d7df906102b7daaa4a020ef8f89223eeb1
Yiannos reinforces the concept: “As a company, we are doing well due to another crisis that made me wiser. A few years ago we were victims of electronic fraud when our emails were hacked and attackers asked for money from our clients. One client alerted us whereas another did not and paid the money to the hackers. So I decided to improve our security and look at ways to tackle the issue digitally. We were also victims of a ransomware attack but it turned out to make me more aware and educated about security. That was the time I learned about bitcoin as those hackers wanted some BTC to unlock our server”.
While full implementation of blockchain in the legal system is still regarded with skepticism by many lawyers that believe it will take some of their work away, Yiannos reckons it will actually be an opportunity to access new and increased streams of revenues. “Lawyers can easily generate money by learning how to transform normal contracts and codify them into smart contracts” while Christiana points out that “In a blockchain-based future, enabled by the Internet of Value, lawyers will be service providers on a programmable society infrastructure”.
Don’t miss Block.co next webcast regarding Blockchain in Education: Remote Learning, Social Distancing, and the Certification Case. Professor George Giaglis and Dr. Maria Papadaki join forces to discuss the quickly changing education industry, and the measures taken towards remote learning, social distancing, and blockchain. Join us for a free 60-minute session, moderated by Catalina Castro (Tech con Catalina), a specialist in cryptocurrencies, Bitcoin and open blockchains, with two highly distinguished experts in the educational industry ecosystem.
To register, click here.
For more info, contact Block.co directly or email at [[email protected]](mailto:[email protected]).
Tel +357 70007828
Get the latest from Block.co, like and follow us on social media:
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JIL TOKENS - A complete overview of the company

JIL TOKENS - A complete overview of the company

https://preview.redd.it/fi88pvlx1lq41.png?width=476&format=png&auto=webp&s=2eee77990a93987ec37fa513a0b2779a09b4ece4
The J1 is a cryptocurrency that can act as fiat currency, replace costly credit card fees as well as eliminate the need for gift cards. With these enticing features, the J1 will attract mainstream adoption as a competitive payment solution. A key factor of any cryptocurrency is its utility. If you cannot use it for something, such as investments or payments, then it will have no perceived value. In the case of the J1, it is useful as a payment solution thus its utility is high.
In addition to the obvious utility of the J1, it adds the highly sought after liquidity to the world of cryptocurrency. According to Investopedia, “liquidity describes the degree to which an asset or security can be quickly bought or sold in the market without affecting the price of the asset.” Following that definition, most people would conclude there are no liquid cryptocurrencies in the market. Until now! That’s the very definition of the J1! Therefore, our token is an important game changer for users, merchants, and for the cryptocurrency ecosystem as a whole. We are the cryptocurrency of the future!
Prior to appreciating the full benefits the J1 can bring, understanding the advantages of cryptocurrency is paramount. These advantages consist of low transaction costs, international boundless portability, convertibility, trust-free ownership, exchange, pseudo-anonymity, real-time transparency and almost complete immunity against problems with the banking system. Despite these advantages, there remain barriers preventing the mainstream adoption and daily use of cryptocurrency. These include volatile price fluctuations, inadequate mass market insight of the technology, inaccessibility, scalability issues, and the lack of user-friendliness for non-technical users.
Recognizing these issues, the J1, sets out to rectify them. These tokens are to be utilized in the same manner as traditional paper or fiat money. They are tied directly to the United States Dollar (USD). Simply stated, the J1 is the tokenization of USD on the blockchain. In turn, the value of the J1 serves to solve many of the liquidity issues suffered by other tokens. Additionally, these tokens maintain the lowest fees for any user as well as making it an optimal currency for merchants. These are just a few features that truly set the J1 apart not only from traditional fiat currency, but other cryptocurrencies as well.

ECOSYSTEMSCORE

+ONE MISSION
We aim to be an international form of payment which enables users to make purchases and that merchants will recognize and accept. This will allow consumers and merchants to unite online and offline around the world seamlessl
+TRANSPARENCY AND TRUST
Utilizing the Ethereum blockchain as our audit method provides transparency, trust and accountability between buyers, merchants and during p2p transactions.
Another way we establish trust is through our registrations in the U.S. and Nigeria. U.S: JONES Industries LLC RC4026434, JILTOKENS Multiconcept Enterprises BN4440995. Nigeria: JILTOKENS Industries Limited RC1666125, JILTOKENS Multiconcept Enterprises BN3072186.
+BLOCKCHAIN BASED PROFILES
We rely on tokenization which is defined as replacing sensitive data with a set of identification symbols that retain information without compromising security. This allows users to remain virtually anonymous.
+PAYMENT FLEXIBILITY
Users benefit from our J1 token because it can be utilized in any situation that involves compensation due to its extreme adaptability in all transactions. This is due to its understandable monetary value and the absence of volatility. Merchants can benefit by increasing their sale revenue when accepting the J1 for payment due to our low fixed redemption rates

MISSION

“It’s definitely possible for cryptocurrency to be great at payments in the future, but the necessary pieces are not in place.” – Kevin Pan The mission of the J1 is to prove this statement wrong. This will be accomplished by​ ​the expansion of knowledge regarding cryptocurrencies, encouraging everyday use while providing a simplified way to make purchases throughout the world.
Blockchain Technology Our limited edition token, the JILT is an ERC-20 token built on the Ethereum blockchain which employs the smart contract protocol. Ethereum allows developers to program their own smart contracts, or ‘autonomous agents’. The language is ‘Turing-complete’. Turing completeness is a term used to identify a computer or software that is capable of solving any problem that a Turing machine can. In other words, it supports a broader set of computational instructions or code, much broader than Bitcoin. The JILT maintains accountability and transparency by using the Ethereum blockchain as its audit method.
Secure Management
Thanks again to the blockchain and p2p transfers, the J1 is practically safe from fraudulent tactics. By using it, no one can steal your card, pin number, passwords or any other personal information. Moreover, as cryptocurrency becoming stolen or lost is increasing in frequency everyday, the J1 serves as an extra layer of security. It is a smart solution against keeping your hard-earned money away from hackers.

J1 TOKEN

The J1 token will be available for purchase after we raise sufficient awareness and popularity through our free JILT giveaway phases and token sale. Prices for the J1 will be $1 per token. Simply stated, the J1 is the tokenization of USD on the blockchain. The J1 will be implemented on a private blockchain (to be determined at a later date). This will reduce user fees and maintain our goal of simplicity as well as create mass adoption
Allocation of funds: Will be allocated for the continued development: 20% Will be allocated toward marketing and business development:20% Will be allocated into the reserve: 20% Allocated to the JIL TOKENS team and board members: 20% allocated to customer service development: 10% allocated to legal compliance operations: 10%
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TEAM


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Learn more: Our site: https://www.jiltokens.io (https://www.jiltokens.io/)/
Twitter: https://twitter.com/TokensJil
Facebook: https://m.facebook.com/JIL-Tokens-2055773947853026 (https://m.facebook.com/JIL-Tokens-2055773947853026/)/
Instagram: https://www.instagram.com/jil_tokens (https://www.instagram.com/jil_tokens)
YouTube: https://m.youtube.com/channel/UC6OhZ0NqnLcvzXUm_WkhW3Q (https://m.youtube.com/channel/UC6OhZ0NqnLcvzXUm_WkhW3Q) Whitepaper: https://www.jiltokens.io/general-whitepape Telegram: https://t.me/JILINT
bounty0x USERNAME: bandit
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Wall Street 2.0: How Blockchain will revolutionise Wall Street and a closer look at Quant Network’s Partnership with AX Trading

Wall Street 2.0: How Blockchain will revolutionise Wall Street and a closer look at Quant Network’s Partnership with AX Trading
AX Trading LLC (AX), a technology-enabled registered broker-dealer and Alternative Trading System (ATS) operator, today announced a strategic partnership with Quant Network a pioneering technology company providing financial and regulatory technology as well as interoperability in financial services, payments and capital markets infrastructure. Through this partnership, Quant Network’s technology, Overledger a blockchain operating system, will enable universal interoperability for regulatory-compliant security tokens and digital assets to be traded on AX ATS, a regulated secondary trading market. AX intends to integrate Overledger to help foster the evolution of traditional capital markets infrastructure to facilitate the mass implementation of interoperable regulated digital assets. With the increased market adoption of digital assets and banking “coins” such as JPMorgan Coin, AX and Quant Network are at the forefront to enable the transferability and movement of digital assets. George O’Krepkie, AX CEO said: “we look forward to partnering with Quant. Their technology will allow our blockchain agnostic security token exchange to communicate seamlessly with issuers, traders, investors, and regulators across different blockchain protocols. This is a key technological breakthrough that will help us bring the benefits of security tokens to Main Street and Wall Street.” It is expected that the first interoperable digital asset offering may commence as soon as January 2020, and that the AX Trading ATS may be ready to enable and list interoperable digital assets and securities in 2020.
Let’s have a closer look at what that means to truly appreciate the significance of the partnership by covering the basics for those not familiar with wall street.
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What is an Institutional Investor / Trader?

An institutional investor is an organization that invests on behalf of the organization's members. They consist of hedge funds, banks, investment banks, pension funds, insurance companies, endowment funds, or any other type of money management firm.
Institutional investors account for about three-quarters of the volume on the New York Stock Exchange (which alone handles more than $20 Trillion a year in volume). In the US, Institutional investors own about 80 % of the total market value of the equity (stock) market, which globally is worth more than $73 trillion.
Wall Street refers to the institutional investors I mentioned above whereas Main Street refers collectively to members of the general public who are not accredited investors and the overall economy as a whole.
Whilst the Equity Market is huge, Institutional investors also invest in other securities which are prime to be tokenised such as Real Estate Market (Globally worth $217 trillion), the Debt Market (Globally worth $215 trillion) and the Derivatives Market (Low end estimates at $544 trillion and high-end estimates at $1.2 quadrillion). All of which makes the current market cap for cryptocurrencies look like a drop in the ocean.

Who are AX Trading?

AX Trading is a SEC-registered broker-dealer and Alternative Trading System (ATS) Operator. They are a member of FINRA (Financial Industry Regulatory Authority)and SIPC ( Securities Investor Protection Corporation) regulated authorities. The SEC has some of the most stringent regulations in the world for listing securities and there are fewer than 50 SEC-registered Alternative Trading System Operators in the United States, of which only a handful are currently implementing Digital Assets. Others are awaiting regulatory approval with Coinbase, Circle etc are all looking at getting into this huge market.
https://www.coindesk.com/stonewalled-by-finra-up-to-40-crypto-securities-wait-in-limbo-for-launch
AX Trading have investors and sponsored brokers including the likes of Credit Suisse, (a multinational investment Bank and Financial services company worth $27.5 billion). AX currently have over 800 Institutional traders (these are not individuals, but corporations such as hedge funds, banks, investment banks, pension funds, insurance companies, endowment funds etc).
AX Trading have also partnered with Euronext, the largest Stock Exchange in Europe with a market cap of $4.65 trillion as of 2018, in the creation of Euronext Block which utilises AX Trading.

What is an Alternative Trading System?

An Alternative Trading System (ATS) is an SEC-regulated trading venue which serves as an alternative to trading at a public exchange. ATS account for much of the liquidity found in publicly traded issues worldwide. They are known as multilateral trading facilities in Europe, electronic communication networks (ECNs), cross networks, and call networks
AX is the world’s first “Electronic Trading Network” (ETN) where institutional traders can proactively connect and trade with other counterparties in a secure environment. Unlike traditional stock exchanges/ECNs that show orders to everyone and traditional dark pools/crossing systems that show orders — presumably — to no one, AX allows institutional traders to pick and choose WHOM they want to notify and also WHAT information they want to share with them.
Institutional investors may use an ATS to find counterparties for transactions instead of trading large blocks of shares on national stock exchanges. These actions may be designed to conceal trading from public view since ATS transactions do not appear on national exchange order books. The benefit of using an ATS to execute such orders is that it reduces the domino effect that large trades might have on the price of an equity.

How does AX Trading Work?

The AX Trading process begins when one trader sends an “initiated” order to AX. The order can be routed to the AX ATS via one of our broker sponsors such as Credit Suisse. The initiated order triggers a “Call Auction” on AX, a period of time when the order will rest in AX to be matched against other orders from auction responders.
The Initiator of an AX auction decides who they want to invite to participate in the auction, whether they be all 800+ institutional members or targeted to specific ones, as well as how much info they want to disclose about the order. Based on these instructions, the AX ATS then notifies the members inviting them to participate in the trade.
The invited members can then participate in the trade by either placing buy orders of their own or placing sell orders. At the end of the AX auction period, all orders are brought together, and a match is performed.
In the traditional, continuous market with displayed bids and offers, traders are often chasing liquidity. In other words, the price may move away from them the more they buy or sell to what is commonly called “market impact.” On AX, the advantage of their call auction model is it brings liquidity — in the form of participant orders to the buyer rather than them chasing liquidity.

What is a Security Token?

Security Tokens are different than Utility Tokens or Cryptocurrencies. A security token is a digital representation of a traditional security. It may represent shares in a company, interest in a fund, real estate, art collectables, or essentially any asset a party can own. Anthony Pompliano wrote an article explaining tokenised securities in more detail which you can see here
Security Tokens are digital assets subject to federal security regulations. In layman terms, they are the intersection of digital assets (tokens) with traditional financial products — a new technology improving old things. If cryptocurrencies like Bitcoin are considered “programmable money” then you can consider Security Tokens a version of “programmable ownership.” This means that any asset with ownership can and will be tokenized (public & private equities, debt, real estate, etc).
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Quant Network community member David W also wrote an excellent piece on the benefits of tokenisation of assets in a lot more detail than what I will briefly cover here and strongly recommend you check it out.
The Tokenisation of assets is therefore inevitable, because it is a better way to record, exchange and monitor asset ownership for all parties involved. The amounts at stake represent many hundreds of trillions of US dollars

What are the benefits of a security token?

  • Lower Fees — having Smart Contracts and compliance programmed into the token itself removes the need for middlemen, reducing costs. Post Trade businesses such as clearing houses would also no longer be required further reducing costs.
  • 24/7 markets — Currently the major US stock markets trade between 9:30am and 3pm during weekdays only. Trading can be done 24/7 and globally whilst remaining compliant.
  • Fractional Ownership — This greatly increases liquidity for previously illiquid assets. Real estate, Artwork, even assets such as Oil Refineries are already in talks about being tokenised through Overledger. If you have an asset such as an oil refinery worth billions of dollars, then naturally this limits the market should you ever want to sell it. However with fractional ownership you could own a tiny percentage of it and receive profits from the oil refinery based upon the percentage you own, which exponentially increases the number ofpotential buyers, increasing liquidity.
  • Rapid Settlement — Currently it takes 3 working days to settle a securities trade, this can be reduced to minutes by having the asset and fiat represented on a blockchain and handled through smart contracts.
  • Automated compliance — Security tokens are programmable, and rules and regulations are hard-coded into the architecture of the token to ensure they always remain compliant. This means that they can be traded globally and still ensure they respect the relevant countries regulations that the participants are located in.
  • The benefits that a blockchain provide such as transparency, security, immutability, high availability. Regulators can also run a node and verify compliance in real time.

Security Token Issuance Platforms

Security token issuance platforms allow issuers to issue Security tokens that represent the security such as Shares in their company etc in return for capital. This is known as a Primary Market. Importantly it’s not just the issuance that they look after, it’s the whole life cycle of a digital security to ensure they remain continuously in compliance as they are traded etc. They also provide reporting to the issuer so they can see who owns the tokens and what dividends to pay out.
Securitize are one of the leading security tokens issuing platforms. They have created the DS Protocol, a blockchain agnostic protocol for security tokens which manages the whole lifecycle of a digital security, ensuring it remains continuously in compliance. They have issued a number of security tokens on the Ethereum network as well as recently working with IBM to tokenise the Corporate Debt Market (worth $82 Trillion). On the back of this they joined Hyperledger, an open source project which includes Enterprise blockchains such as Hyperledger Fabric which IBM is heavily involved with.
https://tokenpost.com/Quant-Network-Securitize-and-others-join-Hyperledger-blockchain-project-1544
They recently also became the first SEC-registered transfer agent, which means Securitize can now act as the official keeper of records about changes of ownership in securities.
There are many companies in this sector which are utilising various blockchains, Other examples include:
  • Harber — R Token protocol for Ethereum
  • Polymath — ST20 protocol for Ethereum
  • Blockstate — a security token issuance platform recently announced plans to migrate a number of ERC-20 tokens from the public Ethereum blockchain to the permissioned blockchain R3 Corda
  • Dusk — Uses the Dusk blockchain
  • Own — Uses the Own blockchain
And many more such as Nefund, Bankex, Capexmove, Swarm, Symbiont, Tokeny etc

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Trading Venues

Whilst the issuance platforms above generally also include their own exchange where the token can be traded on, secondary markets such as those offered through traditional stock exchanges and Alternative Trading Systems provide significantly more liquidity.
Traditional Stock Exchanges have been very active in blockchain with some going through proof of concepts, to those like SIX SDX Digital Exchange which is due to launch later this year. They are using various blockchains and cover the full process from Issuance, Trading and Post Trade / Settlement services. I have briefly outlined which blockchain they are using / testing with along with source to read more about it below:
  • Switzerland’s Stock Exchange — SIX Digital Exchange issue, trading, settlement, custody — Corda — Source
  • Largest Stock Exchange in Germany — Deutsche Borse Franfurt Stock Exchange — Corda — Source and Source
  • South Korea’s Stock Exchange — Korea Exchange — Hyperledger Fabric — Source and Source
  • Japan’s Stock Exchange — Tokyo Stock Exchange — Hyperledger Fabric — Source which the consortium has now grown to 44 companies. Tokyo Stock Exchange are also testing JP Morgan’s Quorum for voting on the blockchain — Source
  • London Stock Exchange Group — Hyperledger Fabric — Source . They are also invested in Nivaura which utilises Ethereum — Source
  • Largest Stock Exchange in Europe — Euronext — Permissioned Ethereum via Liquidshare — Source as well as recently investing in Tokeny a blockchain based project based on public version of Ethereum — Source
  • Singapore Stock Exchange — Ethereum — Source

Post Trade — Central Security Depositories

Situated at the end of the post-trading process, CSDs are systemically important intermediaries. They thereby form a critical part of the securities market’s post-trade infrastructure, as they are where changes of securities ownership are ultimately registered.
CSDs play a special role both as a depository, involving the legal safekeeping and maintenance of securities in a ‘central depository’ on behalf of custodians (both in materialised or dematerialised form); as well as for the issuer, involving the issuance of further securities by issuers, and their onboarding onto CSDs’ platforms.
CSDs are also keeping a number of other important functions, including: dividend, interest, and principal processing; corporate actions including proxy voting; payment to transfer agents, and issuers involved in these processes; securities lending and borrowing; and, provide pledging of share and securities.
Blockchain technology will enable real-time settlement finality in the securities world. This could mean the end of a number of players in the post-trade area, such as central counterparty clearing houses (CCPs), custodians and others. Central Security Despositories (CSD) will still play an important role according to reports:
“CSDs could have an important role to play in a blockchain-based settlement system. As ‘custodians of the code, CSDs could exercise oversight of, and take responsibility for, the operation of the relevant blockchain protocol and any associated smart contracts.” Euroclear Report
Another group of 30 central securities depositories (CSDs) in Europe and Asia are researching possible ways to “join hands” in developing a new infrastructure to custody digital assets. The CSDs will attempt to figure out how to apply their experience in guarding stock certificates to security solutions for crypto assets.
“A new world of tokenized assets and blockchain is coming. It will probably disrupt our role as CSDs. The whole group decided we will be focusing on tokenized assets, not just blockchain but on real digital assets.”
You can read more about how blockchain will affect CSD’s here
Examples of CSD’s in blockchain
  • SIX Digital Exchange and Deutsche Borse are utilising Corda as explained in the trading venues section
  • DTCC the largest in the US process 1.7 Quadrillion US Dollars of securities every year and are planning on moving their Trade Information Warehouse to Axoni’s AXCore Blockchain (Based on permissioned version of Ethereum) later this year — Source
  • Canada CDS are using the Quartz blockchain from Indian IT Services Company Tata Consultancy Services — Source
  • Euroclear in collaboration with the European Investment Bank (EIB), Banco Santander, and EY are developing a blockchain solution — Source
  • French CSD’s too soon go live on Setl Blockchain — Source and Source
  • Russia’s National Settlement Depository is launching a blockchain project using D3ledger (based off Hyperledger) — Source

The Importance Of Interoperability

The evolution of DLT and the wide adoption across industries and across different market segments is resulting in many different ledgers networks, but the ultimate promise of DLT can only be realized when all ledger networks can seamlessly interoperate. — from the recent DTCC whitepaper with Accenture
Some challenges and constraints related to the market infrastructure ecosystem remain open and will need to be addressed in the future to sustain the development of DLT platforms for trading and the post-trade process. At this stage, the questions of interoperability and standardization across these DLT (probably permissioned) platforms remain open and we may see a list of platforms offering no scope for interconnection. This will prevent them from fulfilling the key “distribution” criterion of DLT. Another related challenge that may determine whether or not the technology is adopted is the ability to provide Delivery versus Payment (DvP) settlement, in particular in central bank money. Nevertheless, it is worth mentioning that settlement can also be facilitated in commercial bank money. — https://www2.deloitte.com/content/dam/Deloitte/lu/Documents/technology/lu-token-assets-securities-tomorrow.pdf
It’s clear from the above that interoperability will be crucial in order to unlock the true potential of Distributed Ledger Technology. Issuance platforms will seek to interoperate with as many secondary exchanges as possible to provide maximum liquidity for issuers. Issuance platforms and secondary exchanges are each using a wide range of different blockchains that all need to interoperate as part of the trade process. CSD’s will also need to have interoperability between other CSD’s as well as to the secondary exchanges (again each using different blockchains).

Enter Quant Network’s Overledger

Quant Network’s blockchain operating system, Overledger, provides interoperability between any current and future distributed ledger technology as well as easily connecting Off Chain / Legacy networks as well as plans to connect directly to the Internet. Within 10 months it has proven it can provide interoperability with the full range of DLT technologies from all the leading Enterprise Permissioned blockchains such as Hyperledger, R3’s Corda, JP Morgan’s Quorum, permissioned variants of Ethereum and Ripple (XRPL) as well as the leading Public Permissionless blockchains / DAGs such as Bitcoin, Stellar, Ethereum, IOTA and EOS as well as the most recent blockchain to get added Binance Chain. All without imposing restrictions on connected chains, being Internet scalable and able to easily integrate into existing networks / infrastructure.
https://preview.redd.it/8p6hi942t0m31.png?width=1920&format=png&auto=webp&s=b0536ea9981306feb8bd95788c66e9a5727a4d58
Overledger a blockchain operating system, will enable universal interoperability for regulatory-compliant security tokens and digital assets to be traded on AX ATS, a regulated secondary trading market. AX intends to integrate Overledger to help foster the evolution of traditional capital markets infrastructure to facilitate the mass implementation of regulated digital assets. With the increased market adoption of digital assets and banking “coins” such as JPMorgan Coin, AX and Quant Network are at the forefront to enable the transferability and movement of digital assets
https://www.quant.network/blog/redefining-wall-st-with-decentralised-capital-market-infrastructure-the-possibilities-of-quant-networks-overledger-technology-in-regulated-capital-markets
Overledger enables Universal Interoperability where digital assets can move across blockchains so that they can interact with smart contracts on different blockchains. It does this by locking the asset on one blockchain and then representing it on another blockchain either by creating a representing token or representing it via metadata. This will enable all of these different parties such as Issuance platforms, Exchanges, CSD’s, traders etc to move the digital asset from their respective blockchain onto AX Trading’s platform for secure, immediate and immutable trading to take place. Potentially it would even allow Digital Assets / Securities to settled on a public permissionless blockchain such as the recently connected Binance Chain in a completely safe, secure and compliant way.
https://preview.redd.it/a3o9qxq5t0m31.png?width=443&format=png&auto=webp&s=78d7a7e7d47213bbb354336ba9d5ad92c1c2254a
Regulators would be able to run a node and view transactions in real time ensuring that compliance is being kept. Potentially they could also benefit from using Quant Networks Multichain Search capability http://search.quant.network/ to be able to fully track assets as they move across blockchains.
George O’Krepkie, AX CEO said: “we look forward to partnering with Quant. Their technology will allow our blockchain agnostic security token exchange to communicate seamlessly with issuers, traders, investors, and regulators across different blockchain protocols. This is a key technological breakthrough that will help us bring the benefits of security tokens to Main Street and Wall Street.”

Securrency

AX Trading have also partnered with Securrency (who have previously tokenised over $260 million in real estate assets). Securrency provide a protocol that enables security tokens to remain in compliance regardless of what blockchain the token is on. Due to the layered approach that Overledger has adopted from the learnings of TCP/IP, this protocol can be easily integrated on top of Overledger to enable security tokens to move across blockchains as well as ensuring they remain in compliance with regulations programmed into the token.
https://youtu.be/vSQ2fu9iZGs

Delivery vs Payment (DvP)

A DvP transaction involves the settlement of two linked obligations, namely the delivery of securities and the payment of cash. DvP avoids counterparties being exposed to principal risk, i.e. the risk that the seller of securities could deliver but would not receive payment or that the buyer of securities could make payment but would not receive delivery. Following this requirement, a DvP securities settlement mechanism has to ensure that the delivery of securities and the payment of cash are linked in a way where one leg (obligation) of the securities trade is conditioned to the final settlement of the other leg (obligation) of the trade. Thereby final settlement is defined as “the irrevocable and unconditional transfer of an asset or financial instrument, or the discharge of an obligation by the FMI or its participants in accordance with the terms of the underlying contract”. — STELLA — a joint research project of the European Central Bank and the Bank of Japan
We have seen how Overledger can provide interoperability for the securities to move across Issuers platforms, integrate with Stock exchanges, Central Security Depositories and AX Trading. Now we need to be able to ensure that payment is guaranteed and in a way that offers immediate settlement which is irrevocable. To do this we need to represent FIAT on the blockchain so that it can interact with smart contracts and settle transactions on the blockchain.

J.P.Morgan’s Coin

J.P.Morgan is the largest bank in the United States and ranked by S&P Global as the sixth largest bank in the world by total assets as of 2018, to the amount of $2.535 trillion.
J.P. Morgan was the first U.S. bank to create and successfully test a digital coin representing a fiat currency. The JPM Coin is based on blockchain-based technology enabling the instantaneous transfer of payments between institutional clients.
With J.P.Morgan’s $2.6 trillion balance sheet, expertise in blockchain and global payments network, J.P. Morgan can seamlessly and securely transfer and settle money for clients around the world. J.P. Morgan are supervised by banking regulators in the United States and in the international jurisdictions in which it operates.

How does JPM Coin work?

A Buyer purchases JPM coins in advance which get represented on the Permissioned Quorum blockchain ($1 =1 JPM Coin). Quant Network’s Overledger could then provide interoperability to lock those tokens on Quorum and represent those onto another blockchain / AX Trading’s Network. By being able to represent securities and FIAT on the same blockchain (even though the underlying assets are on different blockchains) this provides instant finality / settlements to occur.
Once the seller receives the JPM coin in exchange for the securities they have sold they will be able to redeem them for USD. It also doesn’t necessarily mean that they have to have a JP Morgan account to redeem them, you could imagine in the future that the Bank instead redeems the JPM Coin and credits the users account. Similarly the buyer of the security token redeems the represented token and unlocks the security token on the original blockchain.
You can read more about JP Morgan’s Coin here as well as its use cases
J.P Morgan is betting that its first-mover status and large market share in corporate payments — it banks 80 percent of the companies in the Fortune 500 — will give its technology a good chance of getting adopted, even if other banks create their own coins. “Pretty much every big corporation is our client, and most of the major banks in the world are, too,” Farooq said. “Even if this was limited to JPM clients at the institutional level, it shouldn’t hold us back.”
Overledger enables different securities tokens / digital coins representing FIAT currencies to be brought together from the various permissioned / permissionless blockchains onto one platform where trading / settlement can take place. Overledger is the only technology that can do this today across the leading permissioned and permissionless blockchains as well as existing networks, all in a secure, scalable and easy to integrate way.
https://preview.redd.it/ngt7q7hdt0m31.png?width=738&format=png&auto=webp&s=60166bdc0fcdf72a502e3472a09de5ddb5e1eb69
Quant Network are working with AX Trading to bring more digital assets, securities and tokenised assets to their existing 800 institutional traders in an already live and connected FINRA and SEC regulated exchange. AX Trading is not just about trading securities but other digital assets such as Bitcoin, Ethereum and potentially even Quant in the Future.
https://preview.redd.it/ibecorcft0m31.png?width=1286&format=png&auto=webp&s=94540cf49654e36a8155f424c2a4bdb5fd549558
This is a multi-trillion dollar market with huge global enterprises, traditional exchanges and global banks are all adopting DLT at a rapid pace and going into production at scale in a matter of months, examples include the NYSE Bakkt launching Bitcoin futures later this month, Swiss Stock Exchange ($1.6 Trillion market Cap) is due to launch their digital exchange running on Corda (SDX) by the end of the year. The DTCC are due to launch their Trade Information Warehouse which processes $10 Trillion of cleared and bilateral derivatives by the end of the year. JP Morgan who transfer $6 Trillion every day are due to launch their JPM coin at the end of year and AX Trading is due to offer their first digital asset by January 2020.
Quant Network’ Overledger enables the bridging of traditional finance infrastructure with the new decentralised finance infrastructure DeFi of the future, helping to redefine Wall Street and Capital Markets.
https://medium.com/@CryptoSeq/wall-street-2-0-17252ffd8919
submitted by xSeq22x to QuantNetwork [link] [comments]

DataGrid Blockchain vs. Libra

DataGrid Blockchain vs. Libra
High-level concept comparison of Facebook Libra with Prasaga DataGrid Blockchain
By: David Beberman, CTO
Libra
Facebook just announced Libra and released both technical and business information regarding it. The technical side seems to consist of a leader-based, non-sharded, BFT consensus style, limited distributed ledger; coupled with a new language and VM with new built-in data types, and a “module” concept. The ledger is initially permissioned with a claim that it will become permissionless, while the ability to add new code is extremely limited, again with claims that it will be opened up in the future.
On the business side, there is the formation of a consortium of large companies that pay a nominal fee of $10 Million to become nodes running the Libra distributed ledger. All Libra coins are backed by some sort of basket of other currencies, and to obtain Libra coins, users are required to deposit some other currency (i.e. buy them), with one of these companies. The nodes operating the distributed ledger do not mint new coins (i.e. no incentive rewards). Coins are created on deposit and destroyed on redemption of other currencies, presumably fiat (i.e. USD, EUR, etc.). This is known as a currency reserve concept. The reserves are held in deposits and presumably invested by the depository for their own financial gains.
The structure of the Libra Council (i.e. the consortium), appears to the following:

DGBvLibra
Contrast to Prasaga DataGrid Blockchain
The Prasaga Foundation structure is somewhat similar to the Libra Council, in that it operates as a non-profit trust. It has underneath it “The Institute” which is intended to incubate innovation for blockchain applications and uses. It also has the equivalent of a social impact board intended to act as a philanthropic investment body. Since the DataGrid Blockchain is permissionless and open, there is no role for an Association of node operators.
The Prasaga Foundation does not include a reserve. This is because the DataGrid Token (“DGT”), instead of being a reserve currency, will use a monetary policy approach to manage the coin supply based on economic metrics of the accounts on the blockchain. Competitive market forces will drive the exchange rates between the DGT and other cryptocurrencies as well as fiat currencies. The DGB uses the incentives model for decentralized minting of DGT, which serves to manage the coin supply and help ensure distribution of the DGT.
Although the DGB concept requires an understanding of money supply, inflation and real economic growth along with an understanding of feedback control systems, it leads to an independent currency backed by the blockchain itself.
The DGB technology includes a new model for virtual machine code execution that is explicitly object-oriented, significantly increases the amount of code reuse, and supports language polyglot. The architecture of a DGB account enables sharding at the account level, as opposed to the smart contract level, greatly increasing the opportunity for parallel execution and resulting throughput.
Further, the blockchain account architecture offers opportunities for the creation of decentralized multi-tenant multi-sided markets, as an enablement platform, and means for implicit adherence to regulations such as KYC for investors, while providing an open, flexible programming environment for application developers.
In short, we believe the DGB offers open, permissionless blockchain technology, coupled with scalability, managed independent currency, advanced object-oriented language support, an enablement platform, and more.
Opinion
It seems to me that all reserve approaches I’ve seen so far basically enable a company like Facebook to take your fiat money hand you a token and then do whatever they want with your money. No FDIC insurance. No protection. A run on their bank would blow this up, leaving the token holders with unredeemable tokens. Although I’m sure the intent is to include safeguards against this, I believe the intent of cryptocurrencies was to avoid just this type of system.
I might also add they control the exchange rate to the basket backing their token. They can devalue it which means your token loses value at their whim. Again, I’m sure there are rules regarding the basket marked to, but it is still under centralized control.
The monetary policy of the DGB will not be under centralized control. Instead, it will be algorithmically controlled with decentralized node incentives, with an oversite function that can modify the parameters of the algorithm. The oversite will be provided by stakeholder vote and thus be a decentralized open system. The greater the use of the DGB for economic activity, the more stable the DGT becomes.
Since the DGB account architecture directly supports sharding, the greater the number of accounts, the more opportunity for parallel operations, the greater the throughput capacity of the DGB. In other words, instead of a fixed number of transactions per second (TPS), the DGB can continue to scale as its usage increases. The Libra protocol appears to be a replicated database style with a distributed log. Although this has a high TPS, it is a fixed capacity independent of the number of accounts or transactions. Thus, I would expect it to have peak saturation issues and become unreliable over time.
Finally, Libra is using a version of Byzantine Fault Tolerance (“BFT”) with an elected leader, which includes signatures of nodes and can be thought of as a Proof-of-Stake style protocol. Although there is significant evidence that the PoS consensus models relying on signatures using private/public key pairs, perform better on a per-transaction basis, the reliance on the security of the private keys remains as a permanent issue. Further, without the compute intensiveness of proof-of-work, should an adversary acquire sufficient keys to overcome the BFT at some point in the history, it is possible to create a fake chain and generate fake transactions at a rate faster than the “true” chain.
I do not believe that a blockchain can claim long term security without some aspect of proof-of-work included eliminating the sole dependency on the private keys of the nodes. Therefore, the DataGrid Blockchain is designed to use both a form of proof-of-stake augmented with our form of proof-of-work. We believe that this gives our blockchain the long term security on par with Bitcoin or Ethereum while providing scalability to support transaction throughput to current and future decentralized applications.
DataGrid Blockchain, DGB, DataGrid Token, DGT, Extensible Blockchain Object Model, XBOM, Extensible Smart Object Asset, XSOA, Smart Object, Extensible Signature Object, XSIG are trademarks of Prasaga, LLC. All rights reserved. www.prasaga.com [email protected]
submitted by PrasagaOfficial to u/PrasagaOfficial [link] [comments]

[For Hire] Experienced Content Creator / Senior Editor

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[For Hire] Experienced Content Writer/Senior Editor

Hey all!
Though I'm currently working as the senior editor for a startup news magazine, I find myself with enough free time to take on a few additional projects. I offer a persuasive, compelling writing style and I have a strong command of the English language. Having worked many fields with varying technicality, I am able to revise my voice to fit most content needs.
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Thanks for reading! Please PM me with any questions, offers, or comments. I'm also happy to respond to questions of general interest in the comment section, as long as that doesn't violate any subreddit rules.
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