Cryptocurrency Arbitrage Calculator CryptoCoins Info Club

I am making Bitcoin calculator for Arbitrage, profit, buy/sell margin calculations. Is it useful for you?

I am making Bitcoin calculator for Arbitrage, profit, buy/sell margin calculations. Is it useful for you? submitted by rohitaneja8 to Bitcoin [link] [comments]

Cryptocurrency Arbitrage Opportunity Calculator /r/Bitcoin

Cryptocurrency Arbitrage Opportunity Calculator /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Crypto Arbitrage Opportunity Calculator /r/Bitcoin

Crypto Arbitrage Opportunity Calculator /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

I am making Bitcoin calculator for Arbitrage, profit, buy/sell margin calculations. Is it useful for you? /r/Bitcoin

I am making Bitcoin calculator for Arbitrage, profit, buy/sell margin calculations. Is it useful for you? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Compare Bitcoin prices from Kraken, Coinbase, GDAX, Bitfinex, Bitstamp & Bitpanda with arbitrage calculation! Real-time exchange rates for BTC, ETH, BCH & LTC with prices for $, € and £.

Compare Bitcoin prices from Kraken, Coinbase, GDAX, Bitfinex, Bitstamp & Bitpanda with arbitrage calculation! Real-time exchange rates for BTC, ETH, BCH & LTC with prices for $, € and £. submitted by BitcoinMonitor to btc [link] [comments]

Compare Bitcoin prices from Kraken, Coinbase, GDAX, Bitfinex, Bitstamp & Bitpanda with arbitrage calculation! Real-time exchange rates for BTC, ETH, BCH & LTC with prices for $, and .

Compare Bitcoin prices from Kraken, Coinbase, GDAX, Bitfinex, Bitstamp & Bitpanda with arbitrage calculation! Real-time exchange rates for BTC, ETH, BCH & LTC with prices for $, and . submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

Bitcoin Monitor - Monitoring with real-time updates, price visualization across exchanges, lowest price identification, change history and arbitrage potential calculation. Let me know what you think of it!

Bitcoin Monitor - Monitoring with real-time updates, price visualization across exchanges, lowest price identification, change history and arbitrage potential calculation. Let me know what you think of it! submitted by BitcoinMonitor to Bitcoin [link] [comments]

Arbitrage btc vs. usd/eur: Calculating how much you could have made in the past /r/Bitcoin

Arbitrage btc vs. usd/eur: Calculating how much you could have made in the past /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Best Cryptocurrency Multi-Exchange Trading and Portfolio Management Platforms Ranking 2020

Best Cryptocurrency Multi-Exchange Trading and Portfolio Management Platforms Ranking 2020
Trade on multiple exchanges from a single platform and avoid the hassle of multiple logins, different interfaces, constant tab changing and overall keeping track of balance holdings and trades.
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With more than 300 cryptocurrency exchanges today, most traders have to manage multiple exchange accounts.
The need for more than one account usually rises because of the variety of offered crypto currency pairs, market liquidity, having to diversify the risk of being hacked, as well as the different trading tools and terms each exchange offers.
Trading and keeping track of your portfolios on multiple exchanges is time consuming, inefficient and frustrating. Having to log on different platforms, use different interfaces, keeping track of multiple portfolios and all trading related activities become increasingly difficult with each new account.
It would be simple and easy if you could connect all those exchange accounts into a single multi-exchange platform which combines all the data in real time and provides a single interface to control all remote exchange accounts.

Multi-exchange platforms

A multi-exchange platform allows the traders to connect all their exchange accounts into a single account through the user of API keys generated from the account of each exchange.
Once all accounts are connected into a single one, using the exchanges interfaces becomes obsolete. The unified account will now track and combine all portfolios and traders will be able to track prices, order statuses and other data across all exchange accounts from a single interface.
In addition, most multi-exchange platforms provide various information tools such as news aggregators, sentiment tools, arbitrage matrix and price alerts.
With regards to API keys security, these platforms do not require withdrawal or deposit permissions which limits the possibility of fraud and loss of funds.
Finally, multi-exchange platforms do not typically charge additional trading fees and do not require lengthy verification procedures.

The current top platforms

Currently there are a handful of multi-exchange platforms with a variety of services. They range from a simple crypto portfolio tracker to an advanced trading and portfolio management platform. A detailed list of all major multi-exchange platforms and their features can be found here: www.AltXpert.com
Here is an overview of the top 9 multi-exchange trading and portfolio management platforms:

1. CryptoView

https://preview.redd.it/1n7d13phnfv51.jpg?width=1899&format=pjpg&auto=webp&s=8d377fa3bbe1d79abebc8c48d709ccc86486f3c8
CryptoView is a multi-exchange trading and portfolio management platform equipped with a handful of useful integrations such as various cryptocurrency trading tools, portfolio analytics, a multi-source news aggregator, crypto events calendar and an outstanding multi-charting interface allowing endless customizations. It is an all-in-one solution for traders, crypto enthusiasts and professional fund managers.
CryptoView is a fully functional trading platform allowing you to trade on all major cryptocurrency exchanges from a single secured interface.
https://preview.redd.it/bx3uo5sxnfv51.jpg?width=625&format=pjpg&auto=webp&s=a6422960d15fe2ec8e2ec2c93eb7a148e34a8bb1

2. Bitsgap

https://preview.redd.it/lc7pyhornfv51.jpg?width=1622&format=pjpg&auto=webp&s=4cc3bfac8c53352402e30fe97d0ae5eafc2b6a1c
Bitsgap is an аll-in-one crypto trading platform designed to cover cross platform API trading and portfolio management with connection with most popular crypto exchanges and wallets. This multi-exchange cryptocurrency platform offers in addition to the full specter of trading tools the opportunity to use arbitrage trading on main and altcoins.
Integrated charts are powered by TradingView with all the provided drawing tools and technical indicators. Through API connection users can track and manage their entire portfolio at once.
https://preview.redd.it/jtkwnos0ofv51.jpg?width=625&format=pjpg&auto=webp&s=75947f76df659f2d928a6e893356251309086bea

3. Conigy

https://preview.redd.it/kol3xys6ofv51.jpg?width=1622&format=pjpg&auto=webp&s=0f1dd0dfb96a1d47594218c5bd726111295c3d7f
Coinigy is a web based multi-exchange API trading platform combining full scope of trading features such as: advanced trade orders, price alerts, market data overview, crypto news and integrated charts from TradingView. The platform offers connection to more than 25 crypto exchanges and wallets covering most of the main and altcoins.
Single portfolio management is one of the main features of this multi-exchange cryptocurrency platform. Portfolio management across multiple exchanges and wallets can be performed from one unified account.
https://preview.redd.it/na5wvaq7ofv51.jpg?width=625&format=pjpg&auto=webp&s=9a444ccbb4e3efc5664f58d80e189df34913cc57

4. Quadency

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Quadency gives the opportunity to trade and manage an entire portfolio across multiple exchanges and trading platforms. By connecting API keys on existing accounts in exchanges and wallets, the users can execute advanced trading orders from one interface. All features combined in this solution makes it an all-in-one crypto trading platform for main and altcoins.
https://preview.redd.it/bhzwjh2dofv51.jpg?width=625&format=pjpg&auto=webp&s=dc80bc047e3c34d3539087686543408406f475ed

5. Crypto Hopper

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Cryptohopperis a multi-exchange trading and automated trading bot platform for cryptocurrencies. It allows its users to automate trading strategies that will trade cryptocurrencies like Bitcoin, Ethereum, Ripple and any other that supported exchanges offers.
Cryptohopperis designed to make traders more efficient by allowing them to copy other traders, automatically analyze the markets, manage all exchange accounts from one place and even use advanced tools like backtesting, market-making, and arbitrage.
https://preview.redd.it/jnwxcrcnofv51.jpg?width=625&format=pjpg&auto=webp&s=db672f248d6367ffdebce1bbf8de0d87a9211e64

6. LCX Terminal

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LCX Terminal brings together real-time and full historical data of all major cryptocurrencies and trading pairs, smart automated and manual trading across all platforms, breaking news desk, social trading signals, powerful analytics and portfolio reporting — all combined in one platform. LCX Terminal cryptocurrency trading software is made for everyday traders as well as professional and institutional investors.
https://preview.redd.it/ffru2g1tofv51.jpg?width=625&format=pjpg&auto=webp&s=77b821d77b017871ffff0dc8d62408aef7a0ca31

7. Hyperlinq

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HyperLinq™ brings institutional-grade software with superior technology for digital assets and cryptocurrencies traders. Allows the users to track crypto assets on any major exchange or wallet through API connection. A simplified portfolio manager for cryptocurrencies and digital assets.
https://preview.redd.it/m3rfcdsyofv51.jpg?width=625&format=pjpg&auto=webp&s=d114c36c6d8798dfff836e8051d451f892e02936

8. Altrady

https://preview.redd.it/c7b0hn13pfv51.jpg?width=1622&format=pjpg&auto=webp&s=0b1e80867b2d01215b6cb7470aa11f3400847056
Altrady is a comprehensive cryptocurrency trading platform. The platform provides full trading information such as price chart, order book, trade history, and depth chart.
It also offers immediate price alerts, portfolio manager, break-even calculator, and customizable trading pages by allowing traders to manipulate widgets to create preferred layout in order to trade comfortably, limit ladder order, gain quick access to market tabs, and integrated market scanners.
https://preview.redd.it/tgl99pu3pfv51.jpg?width=625&format=pjpg&auto=webp&s=6ffb6436bedc39f118313988099991005ab964ae

9. Aurox

https://preview.redd.it/uy5khd87pfv51.jpg?width=1622&format=pjpg&auto=webp&s=7db7651ce4879b50bc46c9fff05f0736e98dac0c
Auroxis a trading terminal that enables traders to supercharge their returns. With its multi-exchange integrated workspaces, Aurox provides a better platform for portfolio management, leads to faster trades and higher results for cryptocurrency investors.
https://preview.redd.it/cwfamzr7pfv51.jpg?width=625&format=pjpg&auto=webp&s=5427f35780a45617bb3b2a9c2abc37492f68ec4c
submitted by altXpert to u/altXpert [link] [comments]

ETHE & GBTC (Grayscale) Frequently Asked Questions

It is no doubt Grayscale’s booming popularity as a mainstream investment has caused a lot of community hullabaloo lately. As such, I felt it was worth making a FAQ regarding the topic. I’m looking to update this as needed and of course am open to suggestions / adding any questions.
The goal is simply to have a thread we can link to anyone with questions on Grayscale and its products. Instead of explaining the same thing 3 times a day, shoot those posters over to this thread. My hope is that these questions are answered in a fairly simple and easy to understand manner. I think as the sub grows it will be a nice reference point for newcomers.
Disclaimer: I do NOT work for Grayscale and as such am basing all these answers on information that can be found on their website / reports. (Grayscale’s official FAQ can be found here). I also do NOT have a finance degree, I do NOT have a Series 6 / 7 / 140-whatever, and I do NOT work with investment products for my day job. I have an accounting background and work within the finance world so I have the general ‘business’ knowledge to put it all together, but this is all info determined in my best faith effort as a layman. The point being is this --- it is possible I may explain something wrong or missed the technical terms, and if that occurs I am more than happy to update anything that can be proven incorrect
Everything below will be in reference to ETHE but will apply to GBTC as well. If those two segregate in any way, I will note that accordingly.
What is Grayscale? 
Grayscale is the company that created the ETHE product. Their website is https://grayscale.co/
What is ETHE? 
ETHE is essentially a stock that intends to loosely track the price of ETH. It does so by having each ETHE be backed by a specific amount of ETH that is held on chain. Initially, the newly minted ETHE can only be purchased by institutions and accredited investors directly from Grayscale. Once a year has passed (6 months for GBTC) it can then be listed on the OTCQX Best Market exchange for secondary trading. Once listed on OTCQX, anyone investor can purchase at this point. Additional information on ETHE can be found here.
So ETHE is an ETF? 
No. For technical reasons beyond my personal understandings it is not labeled an ETF. I know it all flows back to the “Securities Act Rule 144”, but due to my limited knowledge on SEC regulations I don’t want to misspeak past that. If anyone is more knowledgeable on the subject I am happy to input their answer here.
How long has ETHE existed? 
ETHE was formed 12/14/2017. GBTC was formed 9/25/2013.
How is ETHE created? 
The trust will issue shares to “Authorized Participants” in groups of 100 shares (called baskets). Authorized Participants are the only persons that may place orders to create these baskets and they do it on behalf of the investor.
Source: Creation and Redemption of Shares section on page 39 of the “Grayscale Ethereum Trust Annual Report (2019)” – Located Here
Note – The way their reports word this makes it sound like there is an army of authorizers doing the dirty work, but in reality there is only one Authorized Participant. At this moment the “Genesis” company is the sole Authorized Participant. Genesis is owned by the “Digital Currency Group, Inc.” which is the parent company of Grayscale as well. (And to really go down the rabbit hole it looks like DCG is the parent company of CoinDesk and is “backing 150+ companies across 30 countries, including Coinbase, Ripple, and Chainalysis.”)
Source: Digital Currency Group, Inc. informational section on page 77 of the “Grayscale Bitcoin Trust (BTC) Form 10-K (2019)” – Located Here
Source: Barry E. Silbert informational section on page 75 of the “Grayscale Bitcoin Trust (BTC) Form 10-K (2019)” – Located Here
How does Grayscale acquire the ETH to collateralize the ETHE product? 
An Investor may acquire ETHE by paying in cash or exchanging ETH already owned.
Source: Creation and Redemption of Shares section on page 40 of the “Grayscale Ethereum Trust Annual Report (2019)” – Located Here
Where does Grayscale store their ETH? Does it have a specific wallet address we can follow? 
ETH is stored with Coinbase Custody Trust Company, LLC. I am unaware of any specific address or set of addresses that can be used to verify the ETH is actually there.
As an aside - I would actually love to see if anyone knows more about this as it’s something that’s sort of peaked my interest after being asked about it… I find it doubtful we can find that however.
Source: Part C. Business Information, Item 8, subsection A. on page 16 of the “Grayscale Ethereum Trust Annual Report (2019)” – Located Here
Can ETHE be redeemed for ETH? 
No, currently there is no way to give your shares of ETHE back to Grayscale to receive ETH back. The only method of getting back into ETH would be to sell your ETHE to someone else and then use those proceeds to buy ETH yourself.
Source: Redemption Procedures on page 41 of the “Grayscale Ethereum Trust Annual Report (2019)” – Located Here
Why are they not redeeming shares? 
I think the report summarizes it best:
Redemptions of Shares are currently not permitted and the Trust is unable to redeem Shares. Subject to receipt of regulatory approval from the SEC and approval by the Sponsor in its sole discretion, the Trust may in the future operate a redemption program. Because the Trust does not believe that the SEC would, at this time, entertain an application for the waiver of rules needed in order to operate an ongoing redemption program, the Trust currently has no intention of seeking regulatory approval from the SEC to operate an ongoing redemption program.
Source: Redemption Procedures on page 41 of the “Grayscale Ethereum Trust Annual Report (2019)” – Located Here
What is the fee structure? 
ETHE has an annual fee of 2.5%. GBTC has an annual fee of 2.0%. Fees are paid by selling the underlying ETH / BTC collateralizing the asset.
Source: ETHE’s informational page on Grayscale’s website - Located Here
Source: Description of Trust on page 31 & 32 of the “Grayscale Ethereum Trust Annual Report (2019)” – Located Here
What is the ratio of ETH to ETHE? 
At the time of posting (6/19/2020) each ETHE share is backed by .09391605 ETH. Each share of GBTC is backed by .00096038 BTC.
ETHE & GBTC’s specific information page on Grayscale’s website updates the ratio daily – Located Here
For a full historical look at this ratio, it can be found on the Grayscale home page on the upper right side if you go to Tax Documents > 2019 Tax Documents > Grayscale Ethereum Trust 2019 Tax Letter.
Why is the ratio not 1:1? Why is it always decreasing? 
While I cannot say for certain why the initial distribution was not a 1:1 backing, it is more than likely to keep the price down and allow more investors a chance to purchase ETHE / GBTC.
As noted above, fees are paid by selling off the ETH collateralizing ETHE. So this number will always be trending downward as time goes on.
Source: Description of Trust on page 32 of the “Grayscale Ethereum Trust Annual Report (2019)” – Located Here
I keep hearing about how this is locked supply… explain? 
As noted above, there is currently no redemption program for converting your ETHE back into ETH. This means that once an ETHE is issued, it will remain in circulation until a redemption program is formed --- something that doesn’t seem to be too urgent for the SEC or Grayscale at the moment. Tiny amounts will naturally be removed due to fees, but the bulk of the asset is in there for good.
Knowing that ETHE cannot be taken back and destroyed at this time, the ETH collateralizing it will not be removed from the wallet for the foreseeable future. While it is not fully locked in the sense of say a totally lost key, it is not coming out any time soon.
Per their annual statement:
The Trust’s ETH will be transferred out of the ETH Account only in the following circumstances: (i) transferred to pay the Sponsor’s Fee or any Additional Trust Expenses, (ii) distributed in connection with the redemption of Baskets (subject to the Trust’s obtaining regulatory approval from the SEC to operate an ongoing redemption program and the consent of the Sponsor), (iii) sold on an as-needed basis to pay Additional Trust Expenses or (iv) sold on behalf of the Trust in the event the Trust terminates and liquidates its assets or as otherwise required by law or regulation.
Source: Description of Trust on page 31 of the “Grayscale Ethereum Trust Annual Report (2019)” – Located Here
Grayscale now owns a huge chunk of both ETH and BTC’s supply… should we be worried about manipulation, a sell off to crash the market crash, a staking cartel? 
First, it’s important to remember Grayscale is a lot more akin to an exchange then say an investment firm. Grayscale is working on behalf of its investors to create this product for investor control. Grayscale doesn’t ‘control’ the ETH it holds any more then Coinbase ‘controls’ the ETH in its hot wallet. (Note: There are likely some varying levels of control, but specific to this topic Grayscale cannot simply sell [legally, at least] the ETH by their own decision in the same manner Coinbase wouldn't be able to either.)
That said, there shouldn’t be any worry in the short to medium time-frame. As noted above, Grayscale can’t really remove ETH other than for fees or termination of the product. At 2.5% a year, fees are noise in terms of volume. Grayscale seems to be the fastest growing product in the crypto space at the moment and termination of the product seems unlikely.
IF redemptions were to happen tomorrow, it’s extremely unlikely we would see a mass exodus out of the product to redeem for ETH. And even if there was incentive to get back to ETH, the premium makes it so that it would be much more cost effective to just sell your ETHE on the secondary market and buy ETH yourself. Remember, any redemption is up to the investors and NOT something Grayscale has direct control over.
Yes, but what about [insert criminal act here]… 
Alright, yes. Technically nothing is stopping Grayscale from selling all the ETH / BTC and running off to the Bahamas (Hawaii?). BUT there is no real reason for them to do so. Barry is an extremely public figure and it won’t be easy for him to get away with that. Grayscale’s Bitcoin Trust creates SEC reports weekly / bi-weekly and I’m sure given the sentiment towards crypto is being watched carefully. Plus, Grayscale is making tons of consistent revenue and thus has little to no incentive to give that up for a quick buck.
That’s a lot of ‘happy little feels’ Bob, is there even an independent audit or is this Tether 2.0? 
Actually yes, an independent auditor report can be found in their annual reports. It is clearly aimed more towards the financial side and I doubt the auditors are crypto savants, but it is at least one extra set of eyes. Auditors are Friedman LLP – Auditor since 2015.
Source: Independent Auditor Report starting on page 116 (of the PDF itself) of the “Grayscale Ethereum Trust Annual Report (2019)” – Located Here
As mentioned by user TheCrpytosAndBloods (In Comments Below), a fun fact:
The company’s auditors Friedman LLP were also coincidentally TetheBitfinex’s auditors until They controversially parted ways in 2018 when the Tether controversy was at its height. I am not suggesting for one moment that there is anything shady about DCG - I just find it interesting it’s the same auditor.
“Grayscale sounds kind of lame” / “Not your keys not your crypto!” / “Why is anyone buying this, it sounds like a scam?” 
Welp, for starters this honestly is not really a product aimed at the people likely to be reading this post. To each their own, but do remember just because something provides no value to you doesn’t mean it can’t provide value to someone else. That said some of the advertised benefits are as follows:
So for example, I can set up an IRA at a brokerage account that has $0 trading fees. Then I can trade GBTC and ETHE all day without having to worry about tracking my taxes. All with the relative safety something like E-Trade provides over Binance.
As for how it benefits the everyday ETH holder? I think the supply lock is a positive. I also think this product exposes the Ethereum ecosystem to people who otherwise wouldn’t know about it.
Why is there a premium? Why is ETHE’s premium so insanely high compared to GBTC’s premium? 
There are a handful of theories of why a premium exists at all, some even mentioned in the annual report. The short list is as follows:
Why is ETHE’s so much higher the GBTC’s? Again, a few thoughts:

Are there any other differences between ETHE and GBTC? 
I touched on a few of the smaller differences, but one of the more interesting changes is GBTC is now a “SEC reporting company” as of January 2020. Which again goes beyond my scope of knowledge so I won’t comment on it too much… but the net result is GBTC is now putting out weekly / bi-weekly 8-K’s and annual 10-K’s. This means you can track GBTC that much easier at the moment as well as there is an extra layer of validity to the product IMO.
I’m looking for some statistics on ETHE… such as who is buying, how much is bought, etc? 
There is a great Q1 2020 report I recommend you give a read that has a lot of cool graphs and data on the product. It’s a little GBTC centric, but there is some ETHE data as well. It can be found here hidden within the 8-K filings.Q1 2020 is the 4/16/2020 8-K filing.
For those more into a GAAP style report see the 2019 annual 10-K of the same location.
Is Grayscale only just for BTC and ETH? 
No, there are other products as well. In terms of a secondary market product, ETCG is the Ethereum Classic version of ETHE. Fun Fact – ETCG was actually put out to the secondary market first. It also has a 3% fee tied to it where 1% of it goes to some type of ETC development fund.
In terms of institutional and accredited investors, there are a few ‘fan favorites’ such as Bitcoin Cash, Litcoin, Stellar, XRP, and Zcash. Something called Horizion (Backed by ZEN I guess? Idk to be honest what that is…). And a diversified Mutual Fund type fund that has a little bit of all of those. None of these products are available on the secondary market.
Are there alternatives to Grayscale? 
I know they exist, but I don’t follow them. I’ll leave this as a “to be edited” section and will add as others comment on what they know.
Per user Over-analyser (in comments below):
Coinshares (Formerly XBT provider) are the only similar product I know of. BTC, ETH, XRP and LTC as Exchange Traded Notes (ETN).
It looks like they are fully backed with the underlying crypto (no premium).
https://coinshares.com/etps/xbt-provideinvestor-resources/daily-hedging-position
Denominated in SEK and EUR. Certainly available in some UK pensions (SIPP).
As asked by pegcity - Okay so I was under the impression you can just give them your own ETH and get ETHE, but do you get 11 ETHE per ETH or do you get the market value of ETH in USD worth of ETHE? 
I have always understood that the ETHE issued directly through Grayscale is issued without the premium. As in, if I were to trade 1 ETH for ETHE I would get 11, not say only 2 or 3 because the secondary market premium is so high. And if I were paying cash only I would be paying the price to buy 1 ETH to get my 11 ETHE. Per page 39 of their annual statement, it reads as follows:
The Trust will issue Shares to Authorized Participants from time to time, but only in one or more Baskets (with a Basket being a block of 100 Shares). The Trust will not issue fractions of a Basket. The creation (and, should the Trust commence a redemption program, redemption) of Baskets will be made only in exchange for the delivery to the Trust, or the distribution by the Trust, of the number of whole and fractional ETH represented by each Basket being created (or, should the Trust commence a redemption program, redeemed), which is determined by dividing (x) the number of ETH owned by the Trust at 4:00 p.m., New York time, on the trade date of a creation or redemption order, after deducting the number of ETH representing the U.S. dollar value of accrued but unpaid fees and expenses of the Trust (converted using the ETH Index Price at such time, and carried to the eighth decimal place), by (y) the number of Shares outstanding at such time (with the quotient so obtained calculated to one one-hundred-millionth of one ETH (i.e., carried to the eighth decimal place)), and multiplying such quotient by 100 (the “Basket ETH Amount”). All questions as to the calculation of the Basket ETH Amount will be conclusively determined by the Sponsor and will be final and binding on all persons interested in the Trust. The Basket ETH Amount multiplied by the number of Baskets being created or redeemed is the “Total Basket ETH Amount.” The number of ETH represented by a Share will gradually decrease over time as the Trust’s ETH are used to pay the Trust’s expenses. Each Share represented approximately 0.0950 ETH and 0.0974 ETH as of December 31, 2019 and 2018, respectively.

submitted by Bob-Rossi to ethfinance [link] [comments]

Themis (MIS) Launches Pledge Mining Platform, New Opportunity Occurs to Grow Wealth

Themis (MIS) Launches Pledge Mining Platform, New Opportunity Occurs to Grow Wealth
With the development of blockchain technology, obtaining data on the chain only is no longer satisfying and how to bridge the real world and the blockchain world has always been the direction of the technological breakthrough. Under this background, Oracle Machine came to our attention. In particular, with the popularity of the DeFi concept, the industry starts to witness a boom of the application of Oracle Machine in financial derivatives, trading platforms, gambling games, and prediction markets.
At present, Oracle Machine represented by Themis is developing fast with a good momentum, leading the trend of the development of Oracle Machine and continuing to consolidate the basic technical support for the DeFi revolution. Themis’ mining system has been launched in the market, which is refreshing and appealing (see https://themisoracle.com/#/credit for details on the Themis mining).
90% of MIS, the native token of Themis, will be used for mining output. The entire mining mechanism runs through a distributed oracle protocol, which sets up three roles: data provider, data validator, and arbitration node. Reward and punishment mechanisms are applied to ensure the smooth ecological operation.
How does Themis mining work? Is it a new way to become wealthy? What are the characteristics? To answer these questions, we need to analyse the distribution mechanism, mining mechanism, and token value of Themis.
With a fairer mining mechanism, small and medium-sized miners can enjoy better benefits
One of the core values of blockchain is fairness and justice, and allowing everyone in the network to play a role in the system without permission. However, Bitcoin mining is now monopolized by several mining machine vendors such as Bitmain, leaving little space for other miners to participate. If those old PoW public chains, such as Bitcoin, has formed the head effect in mining, what about those new projects? Let's take Cosmos as an example. Since Binance joined its validator node, it has instantly ranked top with the strong financial strength and user base of the top exchange, making the small and medium nodes hard to participate.
After comparison, we can find that the mining mechanism of MIS is very friendly to ordinary users. Assuming that there are 12 mining transactions in a block, the ranking according to the MIS pledged by each transaction would be as follow:
https://preview.redd.it/1kfccgps2pg51.png?width=832&format=png&auto=webp&s=bf6c7f614c600826006bc2bf8a6026292c3b328c
The pledge ranking is based on the jump ranking weighting algorithm rather than the weighted average of the user pledge amount, which can prevent MIS from being controlled by a small number of people, avoid monopoly, creating a win-win situation in the Themis community.

https://preview.redd.it/pme9tcd62pg51.png?width=832&format=png&auto=webp&s=049f899d2a5ee3ce64007d5cc0ae3ed6167c2b3a
Compared with other mining projects, Themis has introduced a unique pledge ranking method in the mining design. Users in the best ranking area will get the most benefits, which is a good mechanism guarantee for attracting more users to participate in mining. At the same time, it can lead to the decentralization of data providers, ensuring the decentralization of the oracle system and the positive development of the community.
How can miners join in Themis mining? The answer is to become a part of the ecology by playing the role of either data provider, data validator, or arbitration node.
The data provider is mainly responsible for providing various types of data, and the data validator verifies and challenges the data offered by the data provider and provides new data. The arbitration node arbitrates the query raised by the data validator and come up with the final result.
Both the data providers and validators of Themis need to pledge MIS to obtain the qualifications, and the caller of external data also needs to pay MIS assets when accessing the data of Themis oracles. If the data has been verified as correct, data providers and validators will receive mining rewards, and the more they pledge, the more rewards they will receive.
In the mining design of Themis, miners can acquire MIS by providing verifiable random number or offering the price of in-chain assets. Whenever miners call mining contracts, the system will charge no service fee (excluding the service fee of ETH). In addition, if no mining transaction occurs within a certain period of time, the first newly-emerging block containing mining transactions will acquire all the MIS rewards. In this way, miners can be encouraged to continue mining and maintain the ecological stability of Themis.
The number of MIS mining for each mining transaction of miners is calculated as follows:
First, calculate the number of MIS mining rewards N contained in the block of the packaged mining transaction. If the height difference between the block and the previous block containing the mining transaction is y, then N = y * 20.
The MIS mining quantity of this mining transaction is M, then M=Xi/(📷)×N. Among them, X is the ranking of the MIS pledge amount in the block, and those who pledge the same amount of MIS have the same ranking.
Few official pre-mining, while 90% belongs to the community
Based on the official announcement, the distribution of MIS is:
The total amount of MIS is 1 billion, 10% is reserved for early project promotion, the remaining 90% are produced by mining, in which 75% are directly awarded to data providers, 10% to developers, and 5% as reward for arbitration nodes and ecological incentive. The production of mining will be progressively decreased and released with ETH. For some current popular VC-invested projects, institutional holdings hold more than half of blocks and unlock the block every month, which is a huge stress for ordinary pledge users. Many projects also went wrong because institutional investors do not abide by the rules. For MIS, because there is fewer official pre-mining, the selling pressure will be smaller, which is more in line with the value of the blockchain.
The release plan of developer and arbitration node and ecological incentive is as follows:

https://preview.redd.it/nld8k8gb2pg51.jpg?width=926&format=pjpg&auto=webp&s=8c2435c993cf86b2bf6b0c4d2a1935708734de97
The release plan of data provider incentive is as follows:

https://preview.redd.it/kgia5n6d2pg51.jpg?width=982&format=pjpg&auto=webp&s=ad1bfe7796fdaec58f3caede2f2a2083c0a07724
The MIS awarded per block reduces by 10% in every 4 million blocks, and the reward per block at present is 20 MIS.
We can see that the allocation of MIS follows the following principles.
First of all, as MIS is the platform certificate of Themis, it is very reasonable to reserve 10% of MIS for early project promotion.
Secondly, 90% of MIS is produced through sustainable mining. This proportion can motivate contract users and miners to conduct contract mining, truly implementing the spirit of win-win community and token economy.
Finally, among the 90% of MIS, better incentive mechanisms have been adapted, mining reward ratios are subdivided, which can attract more investors to participate in mining.
Reasonable mining mechanism highlights the project value of Themis
Themis, as a public chain that provides a mechanism to solve the problems in Oracle Machine, has a unique charm in the value of MIS.
From the perspective of the number of tokens, the total amount of MIS is 1 billion, and the total mining pool is 900 million. 90% of the tokens are generated by mining, and the mining output gradually decreases its release with the Ethereum block, showing a great potential in its future added value. The earlier you participate in mining, the more profit you can gain.
From the perspective of Themis’s ecological design, Themis is committed to the original intention of building a price oracle. The data provider pays on-chain fees and pledges a certain amount of MIS, and determines the income obtained according to the scale of the pledge; the validator can make profit from challenging the data. Also, any smart contract developer or user need to pay the corresponding fee when calling Themis, and this part of the profit will be distributed to the data provider in proportion. Through this design, a logical closed loop is completed to ensure the healthy operation of the entire ecology and achieve the goal of mutual benefit. In Themis, all parties in the ecology can work together to grow more wealth.
In all, MIS has a huge potential for future development and arbitrage, and of course, a great profit potential as well.
Today, public chains like Themis are not just a technology platform, but also a symbol of future economic operation mode which connect between the blockchain and the real world. Themis, with a fair, justice and open network through mining, is building a strong token ecology, connecting external chain data and the systems, realising data interaction between blockchain and the real world, and more importantly, creating a new mode of token economy.
submitted by ThemisOracle to u/ThemisOracle [link] [comments]

08-12 22:05 - 'Why Bitcoin Will Win: The Bearish Case for Ethereum' (self.Bitcoin) by /u/uncapslock removed from /r/Bitcoin within 207-217min

'''
Hi Everyone! If you were around for the 2017 bull cycle, you might remember me from:
[[link]6
With the advent of DeFi, I wanted to crystalize my thoughts on why Bitcoin will win in the end.

Why Bitcoin Will Win: The Bearish Case for Ethereum

Ethereum is the MySpace of decentralized finance. Hobbled together, scrappy, but provides an exciting glimpse into the future. We should be pleased with the new paradigms discovered through this experiment but should not expect it to be the de facto platform in a decade.
Ethereum has demonstrated intrinsic challenges that are insurmountable without an Ethereum 2. We have witnessed unauditability, scaling difficulties, centralization and high contract fees. Building second-layer solutions to make up for shortcomings is akin to patching cracks in the asphalt with duct tape.
In this piece, I’ll navigate why we should not confuse novelty of features for sustainable value, why Ethereum makes for a poor base layer, and what to expect in the decade ahead.
There will only be one base layer for digital scarcity of humanity and that is Bitcoin.

The “Bitcoin is money, Ethereum is apps” fallacy

There is a logical fallacy in arguing “Bitcoin is money, Ethereum is apps,” which draws a false equivalence between the value of money and apps. As any self-respecting financier knows, the value lies (quite literally) where wealth is stored.
“Applications are cheap. A store of wealth is expensive.”
Building applications is a solved problem.
We know how to recruit engineers, build organizations and assemble technical solutions. We have a bevy of technologies that provide affordances for user interfaces. We have best practices for effective engineering. We even have strategies for amplifying creativity during brainstorming.
The number of pages on CoinMarketCap.com is a testament to the commonality of applications.
What is not solved is building applications on top of a store of wealth.
In order to build applications on top of a store of wealth, you either appropriate an existing store of wealth and build on top of it (i.e. Plaid) or you build a new store of wealth (Bitcoin).
Building a digital store of wealth is so hard it has taken over half a century and is still not ready. The digital store of wealth is only ready when it stores a nontrivial portion portion of global wealth.
On August 11, 2020, MicroStrategy announced it had acquired 21,454 Bitcoin for $250 million. A single company bought the equivalent of all Bitcoin in Ethereum that day.
Building an application on Ethereum today is the worst of both worlds. It builds on a burgeoning new store of value with a tiny addressable market on top of a limited capacity network already showing strains.
The vast majority of global wealth is still outside of the system, waiting to designate a digital store of value.
Conceding that Bitcoin is the better store of value is conceding Bitcoin will be the disproportionate beneficiary of global wealth entering the system.

So where do applications fit in?

Imagine acquiring a bank. You are given a choice to either acquire the trillion dollars under management and no app or a smooth, slick app but not the financial assets.
It’s easier to make a new application where users are already present rather than move users to a new platform with an existing application. As we’ve seen in the previous section, most users will be on Bitcoin utilizing its value as a store of wealth.
“Applications will be built where wealth is stored.”
What we’ll see is the best ideas from current generation of DeFi applications (elastic supply, governance, fair distribution mechanisms, auditability) built into layer 2 solutions of Bitcoin that itself sits on top of multiple trillions of dollars of global wealth.
Why will this happen? Builders will note applications of value from the small pond of Ethereum and see a market opportunity to natively expose those features to the much larger accounts in Bitcoin, reaping proportionally higher revenue.

Why can’t we use Ethereum as a store of value?

“If native users of a platform are so important, why can’t we just use Ethereum as a store of value? After all, holders of Ethereum have seen much higher appreciation in value since its founding compared to Bitcoin.”
Here we refer back to the [“The Bullish Case for Bitcoin”]2 which lays out the core properties of money of which three critical areas Ethereum is weak against Bitcoin.

Verifiability

As we see in the indefatigable investigation by [Pierre Rochard]3 in his epic quest to audit Ethereum’s supply limit, verifying the total number of Ethereum is not a trivial task.
A number of supply adjustments had been made in node software instead of on-chain transactions, intermediate miner rewards calculated using uncles that are not finalized for a number of blocks, selfdestruct() that leaves ambiguity for token inactivity.
These factors make it impossible to have an objective measure without specifying an asterisk of the nuances appropriated for each method of calculation.
Lack of auditability makes Ethereum a nonstarter for firms desiring a store of value. Without an objective measure of supply comes an impossibility of assessing the value of your asset.
From measurement of the Ethereum supply through scripts, it has been hypothesized that there has been at least one inflation bug that has been exploited: [*[link]7

Scarcity

There is no set limit of Ethereum by design. From inception it was designed to be an inflationary currency which is essential as a utility token executing applications but is fatal for a store of value.
There is an ongoing effort to curtail Ethereum’s inflation to appease to its holders which will be to its detriment as use as an application platform.
This tension between being an appreciating digital asset and utilization as fuel is intrinsic to Ethereum and cannot be removed. When Ethereum prices go up by a factor of ten, only smart contracts that can provide commensurate proportional value will be viable.
“Using Ethereum as a store of value creates a perverse relationship with increasing contract fees that undermine its value as an application network.”
As the price rises further, we will see the majority of use cases today become priced out, adding platform risk where users will now need to worry whether they will be able to get their assets back out in the event of Ethereum appreciation.

Censorship Resistance

It is an open secret that Infura is the defacto backend for Ethereum. Running a full Ethereum node is known and accepted to be an arduous task with astronomical processor requirements.
This problem is getting worse, not better as the system struggles with transaction volume today, much less the several magnitudes of transactions needed in the coming decade.
The solution provided is running Ethereum 2 and implementing applications on a second layer of Ethereum. This shifts the conversation to if building a new base layer or building on a second layer is necessary, what benefit is there to retain Ethereum as a base layer?

A Look Back from 2030

When we look back to 2017–2021, we will remember this period as the primordial era of where creative entrepreneurs came together to experiment with the new paradigm of permission-less smart contracts.
We will see a meaningful portion of global wealth go into Bitcoin by 2024 raising assets under management to a trillion dollars. Companies will convert overseas holdings into Bitcoin to counter inflationary risk for sovereign currencies. Smaller nation-states will start to acquire a reserve of Bitcoin to counter dollar strength to pay off their dollar-denominated debt.
During this time, firms small and large will rush to build applications to service wealth stored in Bitcoin on layer 2 and layer 3 solutions. Many of these applications will be inspired by what is currently built on top of Ethereum but addressing a much larger market.
Through two more halvings by 2030, everyone will have a Bitcoin account providing both a store of value as well as a unified platform that provides the largest installed userbase for financial products. We'll be ending the decade with 10M per Bitcoin, (one magnitude increase each for the three halving periods: 2020-2024, 2024-2028, 2028-2032) with Bitcoin serving as the generational store of wealth for those with the foresight to stack sats and hodl.

Tips for Builders

You’re not late. In fact you’re incredibly early. We’re still building the store of value that will be the foundation to the financial apps that you’ll build. Ethereum is a nice environment for experimenting with new paradigms that are made possible through smart contracts.
But understand that the bulk of your future customers will be onboarding onto a different platform when they do arrive. There will be a bonanza period where we see thousands of companies and millions of retail users adopting Bitcoin.
It’ll be up to you to recognize the arbitrage opportunity to offer product features in native Bitcoin format to beat other products that must employ bridges to access wealth stored in Bitcoin.

About Me

For future writing, [you can follow me on Twitter at @uncapslock]5 .
This article is for information purposes only and is not intended to be investment advice.
'''
Why Bitcoin Will Win: The Bearish Case for Ethereum
Go1dfish undelete link
unreddit undelete link
Author: uncapslock
1: www.red*it.co***/Bi*coin/*om**n*s/6h4*1i/why_i*sol*_all_***e*h*reum_*oda**an*_convert*d_i*/ 2: medium.c*m/@*i*a*bo*apati/t*e*bu*l*sh*case-for-*it*oin*6ecc8*de*c* 3: tw*t*e**com/pierre_*o*hard 4: *w*tte*.***/GeistLight/st*tus/1*926*756*3801390** 5: t*itt**.*om/uncap**ock 6: ww**r**di**com*Bitcoin/comments/6h4**i/why\_*\_***d\*al*\_my*_eth*re*m\*today\*and*_*onve*te*\_it/**^1 7: twitter.com/*eistLi*h*/s*a*u*/*29*6475***801390***]^^4
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

Plus que quelques mois avant notre FIRE

Bonjour à tous,
Je suis ravi de découvrir un sub francophone sur le FIRE !
Pour différentes raisons, autant structurelles que culturelles à mon avis, j’ai l’impression que nous ne sommes pas encore nombreux les Français à courir après cette indépendance. 🙂
Il y a quelques années mon épouse et moi avions décidé que nous procéderions à un changement radical de vie dès que nous pourrions financièrement nous le permettre. En toute honnêteté, nous n’avions à ce moment là pas encore entendu parler du mouvement FIRE et nous l’avons découvert il y a seulement deux ans. Je précise que nous avons tous les deux 45 ans et un enfant qui va entamer des études supérieures.
Nos objectifs étaient alors relativement simples : pouvoir abandonner nos carrières respectives (qui nous ont pleinement satisfaite, nous ne sommes pas du tout malheureux sur ce plan), et d’une manière plus générale n'avoir plus aucune dépendance vis à vis d’un quelconque employeur, pour retrouver une maîtrise totale de notre temps et pouvoir le consacrer à des projets beaucoup plus personnels. Parmi nos projets personnels, certains ont le potentiel de générer des revenus, mais nous souhaitions ne pas avoir de pression financière pour les réaliser et tout revenu généré serait pris comme un bonus.
Sauf erreur de calcul de notre part dans le Google Sheet qui héberge notre projet depuis quelques années, nous ne sommes maintenant plus qu’à quelques mois de notre FIRE. 2020 sera, sauf erreur ou accident, l’année de notre indépendance financière.
Notre stratégie se base sur des fondamentaux : 1) la constitution d’un capital, 2) une stratégie d’investissement pre-FIRE et une autre post-FIRE, 3) une diminution future du coût de notre vie sans sacrifice de notre niveau de vie actuel.
Nous sommes sur le point de terminer 1) par la constitution d’un capital de 800 K€ (une partie de ce capital finira de se concrétiser par des plus-values immobilières d’ici 2 à 3 ans, mais nous n’avons pas besoin d’attendre cela pour FIRE). C’est un capital construit de zéro et qui a été alimenté principalement par un salaire unique (mais élevé), par une belle opération en Bitcoin, et par une politique de défiscalisation immobilière qui nous a permis d’une part de mettre de l’argent de côté de manière plus agressive et d’autre part de faire des plus-values immobilières.
Concernant le point 2) nous sommes toujours en train de construire notre stratégie d’investissement car la structure de notre patrimoine va devoir considérablement évoluer pour la prochaine étape de notre projet. Nous avons encore quelques mois pour faire les premiers arbitrages.
Pour le point 3) nous avons déjà choisi notre solution depuis quelques années : l’expatriation dans un pays de l’Union Européenne avec lequel nous sommes très familiers et qui nous permettra de conserver notre niveau de vie actuel (qui est vraiment tout à fait standard) tout en réduisant nos besoins financiers de moitié. Nos besoins locaux oscilleront autour de 2 000 € / mois (ils sont actuellement d’un peu plus de 4 000 €). Et pour être un peu original, ce n’est pas le Portugal. 😉
Pour reprendre une terminologie FIRE, j'ai l'impression que cela nous situe quelque part entre lean FIRE et fat FIRE car nous ne sacrifions rien à ce qui fait notre bonheur matériel, mais nous n'avons pas non plus d'appétit pour le luxe. Notre définition personnelle du bonheur est juste de savoir que notre journée nous appartient, de profiter d'une pièce de vie cozy avec une cheminée pour lire au coin du feu (nous n'aimons pas les climats chauds), de beaux paysages à portée de nos jambes, pas de voisins et une bonne connexion Internet.
Nous avons un capital aujourd’hui très axé sur l’immobilier et nous allons le faire évoluer vers quelque chose de plus mixte avec une plus grande proportion exposée aux marchés actions ou trackers. Et même si la réalité pourra nous donner tort, nous sommes partis du principe que nous ne toucherons aucune retraite, tout en ayant cotisé plus de vingt ans en tant que salarié (et donc potentiellement à perte).
Nous ne sommes pas encore au bout du chemin, mais nous ne voyons plus beaucoup d’obstacles sur la route et nous sommes plus motivés que jamais !
Voilà pour notre témoignage. N’hésitez pas si vous avez des questions, ou si vous souhaitez challenger notre stratégie car nous n’avons bien sûr aucune certitude sur nos choix. Notre futur est aujourd’hui encore contenu dans un tableur, et nous savons tous que Excel et Google Sheets sont les plus puissants logiciels de réalité virtuelle au monde. 😉
submitted by monprofilanonyme to FranceFIRE [link] [comments]

⚡ Lightning Network Megathread ⚡

Last updated 2018-01-29
This post is a collaboration with the Bitcoin community to create a one-stop source for Lightning Network information.
There are still questions in the FAQ that are unanswered, if you know the answer and can provide a source please do so!

⚡What is the Lightning Network? ⚡

Explanations:

Image Explanations:

Specifications / White Papers

Videos

Lightning Network Experts on Reddit

  • starkbot - (Elizabeth Stark - Lightning Labs)
  • roasbeef - (Olaoluwa Osuntokun - Lightning Labs)
  • stile65 - (Alex Akselrod - Lightning Labs)
  • cfromknecht - (Conner Fromknecht - Lightning Labs)
  • RustyReddit - (Rusty Russell - Blockstream)
  • cdecker - (Christian Decker - Blockstream)
  • Dryja - (Tadge Dryja - Digital Currency Initiative)
  • josephpoon - (Joseph Poon)
  • fdrn - (Fabrice Drouin - ACINQ )
  • pmpadiou - (Pierre-Marie Padiou - ACINQ)

Lightning Network Experts on Twitter

  • @starkness - (Elizabeth Stark - Lightning Labs)
  • @roasbeef - (Olaoluwa Osuntokun - Lightning Labs)
  • @stile65 - (Alex Akselrod - Lightning Labs)
  • @bitconner - (Conner Fromknecht - Lightning Labs)
  • @johanth - (Johan Halseth - Lightning Labs)
  • @bvu - (Bryan Vu - Lightning Labs)
  • @rusty_twit - (Rusty Russell - Blockstream)
  • @snyke - (Christian Decker - Blockstream)
  • @JackMallers - (Jack Mallers - Zap)
  • @tdryja - (Tadge Dryja - Digital Currency Initiative)
  • @jcp - (Joseph Poon)
  • @alexbosworth - (Alex Bosworth - yalls.org)

Medium Posts

Learning Resources

Books

Desktop Interfaces

Web Interfaces

Tutorials and resources

Lightning on Testnet

Lightning Wallets

Place a testnet transaction

Altcoin Trading using Lightning

  • ZigZag - Disclaimer You must trust ZigZag to send to Target Address

Lightning on Mainnet

Warning - Testing should be done on Testnet

Atomic Swaps

Developer Documentation and Resources

Lightning implementations

  • LND - Lightning Network Daemon (Golang)
  • eclair - A Scala implementation of the Lightning Network (Scala)
  • c-lightning - A Lightning Network implementation in C
  • lit - Lightning Network node software (Golang)
  • lightning-onion - Onion Routed Micropayments for the Lightning Network (Golang)
  • lightning-integration - Lightning Integration Testing Framework
  • ptarmigan - C++ BOLT-Compliant Lightning Network Implementation [Incomplete]

Libraries

Lightning Network Visualizers/Explorers

Testnet

Mainnet

Payment Processors

  • BTCPay - Next stable version will include Lightning Network

Community

Slack

IRC

Slack Channel

Discord Channel

Miscellaneous

⚡ Lightning FAQs ⚡

If you can answer please PM me and include source if possible. Feel free to help keep these answers up to date and as brief but correct as possible
Is Lightning Bitcoin?
Yes. You pick a peer and after some setup, create a bitcoin transaction to fund the lightning channel; it’ll then take another transaction to close it and release your funds. You and your peer always hold a bitcoin transaction to get your funds whenever you want: just broadcast to the blockchain like normal. In other words, you and your peer create a shared account, and then use Lightning to securely negotiate who gets how much from that shared account, without waiting for the bitcoin blockchain.
Is the Lightning Network open source?
Yes, Lightning is open source. Anyone can review the code (in the same way as the bitcoin code)
Who owns and controls the Lightning Network?
Similar to the bitcoin network, no one will ever own or control the Lightning Network. The code is open source and free for anyone to download and review. Anyone can run a node and be part of the network.
I’ve heard that Lightning transactions are happening “off-chain”…Does that mean that my bitcoin will be removed from the blockchain?
No, your bitcoin will never leave the blockchain. Instead your bitcoin will be held in a multi-signature address as long as your channel stays open. When the channel is closed; the final transaction will be added to the blockchain. “Off-chain” is not a perfect term, but it is used due to the fact that the transfer of ownership is no longer reflected on the blockchain until the channel is closed.
Do I need a constant connection to run a lightning node?
Not necessarily,
Example: A and B have a channel. 1 BTC each. A sends B 0.5 BTC. B sends back 0.25 BTC. Balance should be A = 0.75, B = 1.25. If A gets disconnected, B can publish the first Tx where the balance was A = 0.5 and B = 1.5. If the node B does in fact attempt to cheat by publishing an old state (such as the A=0.5 and B=1.5 state), this cheat can then be detected on-chain and used to steal the cheaters funds, i.e., A can see the closing transaction, notice it's an old one and grab all funds in the channel (A=2, B=0). The time that A has in order to react to the cheating counterparty is given by the CheckLockTimeVerify (CLTV) in the cheating transaction, which is adjustable. So if A foresees that it'll be able to check in about once every 24 hours it'll require that the CLTV is at least that large, if it's once a week then that's fine too. You definitely do not need to be online and watching the chain 24/7, just make sure to check in once in a while before the CLTV expires. Alternatively you can outsource the watch duties, in order to keep the CLTV timeouts low. This can be achieved both with trusted third parties or untrusted ones (watchtowers). In the case of a unilateral close, e.g., you just go offline and never come back, the other endpoint will have to wait for that timeout to expire to get its funds back. So peers might not accept channels with extremely high CLTV timeouts. -- Source
What Are Lightning’s Advantages?
Tiny payments are possible: since fees are proportional to the payment amount, you can pay a fraction of a cent; accounting is even done in thousandths of a satoshi. Payments are settled instantly: the money is sent in the time it takes to cross the network to your destination and back, typically a fraction of a second.
Does Lightning require Segregated Witness?
Yes, but not in theory. You could make a poorer lightning network without it, which has higher risks when establishing channels (you might have to wait a month if things go wrong!), has limited channel lifetime, longer minimum payment expiry times on each hop, is less efficient and has less robust outsourcing. The entire spec as written today assumes segregated witness, as it solves all these problems.
Can I Send Funds From Lightning to a Normal Bitcoin Address?
No, for now. For the first version of the protocol, if you wanted to send a normal bitcoin transaction using your channel, you have to close it, send the funds, then reopen the channel (3 transactions). In future versions, you and your peer would agree to spend out of your lightning channel funds just like a normal bitcoin payment, allowing you to use your lightning wallet like a normal bitcoin wallet.
Can I Make Money Running a Lightning Node?
Not really. Anyone can set up a node, and so it’s a race to the bottom on fees. In practice, we may see the network use a nominal fee and not change very much, which only provides an incremental incentive to route on a node you’re going to use yourself, and not enough to run one merely for fees. Having clients use criteria other than fees (e.g. randomness, diversity) in route selection will also help this.
What is the release date for Lightning on Mainnet?
Lightning is already being tested on the Mainnet Twitter Link but as for a specific date, Jameson Lopp says it best
Would there be any KYC/AML issues with certain nodes?
Nope, because there is no custody ever involved. It's just like forwarding packets. -- Source
What is the delay time for the recipient of a transaction receiving confirmation?
Furthermore, the Lightning Network scales not with the transaction throughput of the underlying blockchain, but with modern data processing and latency limits - payments can be made nearly as quickly as packets can be sent. -- Source
How does the lightning network prevent centralization?
Bitcoin Stack Exchange Answer
What are Channel Factories and how do they work?
Bitcoin Stack Exchange Answer
How does the Lightning network work in simple terms?
Bitcoin Stack Exchange Answer
How are paths found in Lightning Network?
Bitcoin Stack Exchange Answer
How would the lightning network work between exchanges?
Each exchange will get to decide and need to implement the software into their system, but some ideas have been outlined here: Google Doc - Lightning Exchanges
Note that by virtue of the usual benefits of cost-less, instantaneous transactions, lightning will make arbitrage between exchanges much more efficient and thus lead to consistent pricing across exchange that adopt it. -- Source
How do lightning nodes find other lightning nodes?
Stack Exchange Answer
Does every user need to store the state of the complete Lightning Network?
According to Rusty's calculations we should be able to store 1 million nodes in about 100 MB, so that should work even for mobile phones. Beyond that we have some proposals ready to lighten the load on endpoints, but we'll cross that bridge when we get there. -- Source
Would I need to download the complete state every time I open the App and make a payment?
No you'd remember the information from the last time you started the app and only sync the differences. This is not yet implemented, but it shouldn't be too hard to get a preliminary protocol working if that turns out to be a problem. -- Source
What needs to happen for the Lightning Network to be deployed and what can I do as a user to help?
Lightning is based on participants in the network running lightning node software that enables them to interact with other nodes. This does not require being a full bitcoin node, but you will have to run "lnd", "eclair", or one of the other node softwares listed above.
All lightning wallets have node software integrated into them, because that is necessary to create payment channels and conduct payments on the network, but you can also intentionally run lnd or similar for public benefit - e.g. you can hold open payment channels or channels with higher volume, than you need for your own transactions. You would be compensated in modest fees by those who transact across your node with multi-hop payments. -- Source
Is there anyway for someone who isn't a developer to meaningfully contribute?
Sure, you can help write up educational material. You can learn and read more about the tech at http://dev.lightning.community/resources. You can test the various desktop and mobile apps out there (Lightning Desktop, Zap, Eclair apps). -- Source
Do I need to be a miner to be a Lightning Network node?
No -- Source
Do I need to run a full Bitcoin node to run a lightning node?
lit doesn't depend on having your own full node -- it automatically connects to full nodes on the network. -- Source
LND uses a light client mode, so it doesn't require a full node. The name of the light client it uses is called neutrino
How does the lightning network stop "Cheating" (Someone broadcasting an old transaction)?
Upon opening a channel, the two endpoints first agree on a reserve value, below which the channel balance may not drop. This is to make sure that both endpoints always have some skin in the game as rustyreddit puts it :-)
For a cheat to become worth it, the opponent has to be absolutely sure that you cannot retaliate against him during the timeout. So he has to make sure you never ever get network connectivity during that time. Having someone else also watching for channel closures and notifying you, or releasing a canned retaliation, makes this even harder for the attacker. This is because if he misjudged you being truly offline you can retaliate by grabbing all of its funds. Spotty connections, DDoS, and similar will not provide the attacker the necessary guarantees to make cheating worthwhile. Any form of uncertainty about your online status acts as a deterrent to the other endpoint. -- Source
How many times would someone need to open and close their lightning channels?
You typically want to have more than one channel open at any given time for redundancy's sake. And we imagine open and close will probably be automated for the most part. In fact we already have a feature in LND called autopilot that can automatically open channels for a user.
Frequency will depend whether the funds are needed on-chain or more useful on LN. -- Source
Will the lightning network reduce BTC Liquidity due to "locking-up" funds in channels?
Stack Exchange Answer
Can the Lightning Network work on any other cryptocurrency? How?
Stack Exchange Answer
When setting up a Lightning Network Node are fees set for the entire node, or each channel when opened?
You don't really set up a "node" in the sense that anyone with more than one channel can automatically be a node and route payments. Fees on LN can be set by the node, and can change dynamically on the network. -- Source
Can Lightning routing fees be changed dynamically, without closing channels?
Yes but it has to be implemented in the Lightning software being used. -- Source
How can you make sure that there will be routes with large enough balances to handle transactions?
You won't have to do anything. With autopilot enabled, it'll automatically open and close channels based on the availability of the network. -- Source
How does the Lightning Network stop flooding nodes (DDoS) with micro transactions? Is this even an issue?
Stack Exchange Answer

Unanswered Questions

How do on-chain fees work when opening and closing channels? Who pays the fee?
How does the Lightning Network work for mobile users?
What are the best practices for securing a lightning node?
What is a lightning "hub"?
How does lightning handle cross chain (Atomic) swaps?

Special Thanks and Notes

  • Many links found from awesome-lightning-network github
  • Everyone who submitted a question or concern!
  • I'm continuing to format for an easier Mobile experience!
submitted by codedaway to Bitcoin [link] [comments]

How to Use a Leverage in Contract Trading?

How to Use a Leverage in Contract Trading?


Leverage, as the name suggests, can magnify the result of an investment at a fixed rate, whether being a gain or a loss. In the cryptocurrency realm, leverage is a tool that has been widely applied in both leverage trading and contract transactions, among them, most investors would select the margin mechanism in contract trading and use a 10x to 100x leverage to achieve the goal of magnified profits.
Let’s take a look at the details about leverage.
1. What can leverage do?


As an investment strategy, leverage trading can bring mutual benefits to both the market and investors.
Benefits to Market:
1) “Strongly Accelerate” market demands for assets;
2) Brings more liquidity to the market when investors use the capital for multiple transactions.
Benefits to Investors:
1) Effective use of capital
2) Release capital
3) Use leveraged investments to earn multiple returns
4) Arbitrage and hedging
And this is why “leverage” is popular with professional investors.
2. 1x vs. 10x Leverage


Currently, the leverage on the market ranges from the lowest 1x to the highest 100x. Let’s take an example to see the difference between 1x and 100x leverage.
When the BTC price is $5,000, an investor uses 1 BTC as the margin and selects 1x leverage to trade a contract worth 1 BTC. When BTC rises to $5,050, his profit will be $50, equivalent to 0.0099 BTC.
In contrast, if the investor uses 1 BTC as the margin and selects 10x leverage, the contract value will be 10 BTC. When BTC rises by 1% from $5,000 to $5,050, his profit will be $500, equivalent to 0.099 BTC.


Compared to 1x leverage, the actual earning by using the 10x leverage is 9 times the 1x leverage.
It can be seen that with the margin system, investors can use small amounts of capital costs to achieve greater returns.


Let’s take a look at the 100x leverage in the market.
If Bitcoin worth 8,000 USDT, and the value of a single contract 1 USDT.
If to open short 80 contracts with 100 leverage, ignoring the fee, 80 USDT is required as the margin. That said, investors can complete an 8,000 USDT transaction with the cost of only 80 USDT.
When the BTC price rises from 8,000 USDT to 8,050 USDT, the comparison between 1x and 100x leverage is as follows:


This is the 100x leverage under the margin system.
To leverage large funds with small funds, rich leverage is essential. Concerning this issue, many investors will choose an authoritative exchange in the industry, such as 58COIN.
58COIN pioneered the 100x perpetual contract in Asia, exceeding 80% of the old and new exchanges in the industry. At present, there are eight leverages available at 58COIN, 2x, 3x, 5x, 10x, 20x, 33x, 50x, and 100x, providing investors with a variety of leverage options.
4. Co-existence of Benefits and Risks


Notably, the use of leverage is a double-edged sword, lying in the fact that the profit or the loss it generates can be substantial.
When calculating the profit and loss after using leverage, instead of applying the used margin, the result is based on the enlarged amount of funds.
Suppose that the Bitcoin price is $8,000, an investor believes in the bullish trend and pays 1%, $80 as the margin to open long.
If the BTC price indeed rises and soars to $9,000, then the investor makes a net profit of $1,000, equivalent to 0.11BTC, with a profit rate of 1250%.
However, if the BTC price falls and drops to $7,000, then the net loss of the investor is $1,000, equivalent to 0.14BTC, and the yield becomes -1250%.
Assets borrowed via leverage can be applied to multiple financial tools, bringing potential returns to investors. Also, professionals attach great importance to leverage, which allows them to trade a large number of positions without having to invest all their capital in spot transactions with a certain risk.
Website: https://www.58ex.com/
Twitter: https://twitter.com/58_coin
Facebook: https://www.facebook.com/coin.58COIN
Telegram: https://t.me/official58
Medium: https://medium.com/@58coin_blog
submitted by 58CoinExchange to u/58CoinExchange [link] [comments]

Newscrypto Trading Tools and Advanced Indicators

Newscrypto Trading Tools and Advanced Indicators
Newscrypto Platform
BEGINNER TIER
NEWS 📰 A feature that analyses the news and searches for pieces of new information whilst filtering and providing the right ones to our members. We will also have vloggers, bloggers, and journalists on our team, all being paid with our tokens. Therefore, in order for them to make money, they will have to provide the best pieces of news and information possible.
CHARTS 📈 They answer the basic questions, for instance: What is the price action?; What do charts show us? What are price candles? Price movement; Trend Lines; Support Resistance lines; Orders; Order books explained and much more giving users a whole package of useful knowledge about charts.
COIN CALENDAR 🗓️ A cryptocurrency event calendar to keep updated on events regarding the coins or tokens you are interested in or currently holding. The coin calendar can be managed and updated to the member’s portfolio.
ALTCOIN POLICE 👮 A feature that shows your action behind the desired coin or token. If a project’s development isn’t active you can confidently assume it is dead and vice versa so you can act appropriately to it.
COIN TRACKER 〽️ Database where users can import all of their trades. You can build your portfolio and calculate the current balance and sell/buy trade options for the coins you are currently holding
🔹🔹🔹🔹🔹🔹🔹
INTERMEDIATE TIER
TRADING ™️ An option of trading available for our members that automatically places buy and sell orders in their name to a cryptocurrency of their choice. The user can set all the details (limit, token amount, rate, etc.) in advance.
EXCHANGE RATES AND ARBITRAGE 💱 A feature analyzing all current exchange rates and their differences in different exchange markets. This allows users to choose the market where their selected currency has the best price for them to buy or sell it. As we know, the crypto world is decentralized, which means there can be vast differences between different crypto exchange markets.
PERFORMANCE 🔧 Display of all cryptocurrencies and crypto exchanges that shows their performance in the desired time ratio from 1 day to 1 month.
SENTIMENT 📏 A feature that consists of professional technical analysis for top cryptocurrencies to evaluate investments and identify trading opportunities. The options are arranged from 1 minute to 1 month showing you the buy/sell opinion by focusing on patterns of price movements, trading signals, and various other analytical charting tools.
🔹🔹🔹🔹🔹🔹🔹
ADVANCED TIER
WHALE ALERTS 🐋 Whale alerts are instant notifications for so-called whale moves. They provide insight into big amounts of money or so-called smart money being entered or exited from one currency into another. These moves are normally made on some type of verified information and we enable our users to react accordingly to it.
CORRELATIONIndicator that shows the biggest price difference between Bitcoin and other major coins. It can be used to monitor the movement and analyzing the market.
INFLOW INDICATOR 🔺 A special feature constructed on an exact calculation of FIAT flowing into and out of different crypto exchanges.
CRYPTO MINING ⛏️ Indispensable tool for everyone interested in crypto mining. It shows digital asset staking rewards & dividends for most promising mining crypto coins.
https://imgur.com/a/fIQgrKX
Become NWC Member and register an account for free at
🔹 REGISTER https://newscrypto.io/users/login/
🔹 SOCIAL MEDIA https://linktr.ee/nwc_public
https://imgur.com/a/fIQgrKX
NewsCrypto Team
submitted by Cinesius to NewsCrypto_io [link] [comments]

Bitcoin ETF details and price effects

For those of you who don’t know VanEck and SolidX have submitted their 3rd ETF proposal for Bitcoin. I highly encourage you read the proposal so you can understand how it may affect the prices of Bitcoin and other cryptocurrencies. There was a massive public misperception of what the BTC futures would do to price which, in my opinion, led to the incredible rise and fall in Bitcoin’s price. Also, I would like to supply some topics you could present to SEC during their call for public comments.
Here is the ETF proposal as submitted on June 5, 2018. This initial document is what I have used to base the following post on.
Here is a slightly updated proposal that the SEC has requested public comment on dated June 26, 2018.
ETF vs Futures
A Bitcoin ETF increases Bitcoin scarcity and liquidity which is bullish for price whereas BTC futures contracts has no direct effect on BTC markets with the exception of removing longs. Since Bitcoin futures removes longs they are bearish for price. Let me explain.
The futures contracts introduced in late 2017 are cash settled, they do not directly result in ANY buying or selling of Bitcoin. They are contractually enforced bets on the outcome of price. Because they do not result in the buying (demand) or selling (supply) of Bitcoin they do not affect price directly. Before futures existed if a US investor wanted to go long on Bitcoin they had to buy Bitcoin (increase demand), there was no other option. However, with the creation of futures contracts Bitcoin bulls gained a new option for going long: Bitcoin futures.
It is somewhat understandable why an investor would go from buying actual Bitcoin via frequently hacked and regularly overloaded crypto exchanges to highly regulated legacy exchanges that don’t carry the risk of losing Bitcoin to a hack and have clear tax laws. Unfortunately this resulted in a loss of demand for Bitcoin as some investors moved from the physical market to the derivatives market. Also, the public did not understand the supply and demand implications of the Bitcoin Futures contracts resulting in the price runup and subsequent crash upon their opening.
The proposed Bitcoin ETF, on the other hand, will result in the buying and selling of actual Bitcoin. This means anyone with a brokerage account will have the ability to buy and sell Bitcoin indirectly through the ETF. It will have major implications for supply and demand and, subsequently, price.
I implore you to read the top link but for the lazy I will discuss some topics I find interesting in the proposed ETF.
Summary p.8-11, 53-57
Each share of the XBTC ETF initially represents 25 Bitcoins. This value will decrease as BTC are sold to pay fees associated with the fund. Shares will be created and redeemed in baskets of 5 shares by “Authorized Participants” using cash OR Bitcoin. This means any brokerage firm can buy or sell the shares in the ETF which represent actual Bitcoin. These brokerages can then offer the ETF shares to their customers allowing any average Joe and grandma to (indirectly) buy Bitcoin.
Here we can see the major implications of a BTC ETF. While it will not necessarily increase adoption it will increase liquidity. The ETF allows for the most technologically naive investor to buy Bitcoin. It also increases market efficiency as “smart money” can buy and sell shares to the SolidX trust using cash or Bitcoin, in other words, smart money can arbitrage. Interestingly, the ETF plans to do all transactions in the OTC markets…
Settlement via OTC markets p.39-42
The Bitcoin ETF plans to do all of its buying and selling of Bitcoin via OTC markets. If this is not possible they will look to general cryptocurrency exchange markets for settlement, specifically GDAX, BitStamp, Gemini, iBit, BitFlyer, Kraken (p.41-42). As they plan to buy Bitcoin in chunks of $500,000 or more they do not want to singlehandedly alter the spot price of Bitcoin. This is why they plan to use OTC markets. They have not named the OTC markets they plan to use.
Price Determination p.60
The price of Bitcoin will be calculated at the end of every trading day by the MIVS OTC Bitcoin Index (MVBTCO) which primarily aggregates price from several, yet to be named, OTC markets (p. 60-61). It would be nice to know who these OTC markets are but essentially the price of Bitcoin will be determined at the end of each trading day by aggregating the price across multiple markets. This will reduce issues with price discrepancy across exchanges.
At the end of the day Net Asset Value of the ETF is determined by multiplying Bitcoin price (obtained by the MVBTCO) by the number of Bitcoins held by the ETF and finally adding the value of any cash held (p.60-61).
Great Discussion of Risk
The proposers have a great discussion of risk, including the risks inherent to the security of blockchain (p.13-17) such as early investors (Satoshi?) dumping all their Bitcoin, 51% attacks, and collusion of miners.
They need to elaborate more on my favorite risk: forks. Bitcoin will fork again. One of these forks, like BCash, will be successful from a financial standpoint. Who at the ETF decides which is the real Bitcoin? Will they sell one of the forked coins, add it to the valuation of XBTC, or offer a new ETF...XXXBTC anyone? If you want to comment to the SEC, this is one area that needs clarification. No one wants their BTC ETF to decide to hold Bitcoin Diamond because of a bad executive decision.
Another risk is big after hours swings as Bitcoin is traded 24x7x365 but the ETF will only be traded during market hours. This isn’t a new risk but it leaves ETF holders vulnerable to market swings at times of zero liquidity.
A final risk is regulation and they have a great discussion of changing regulatory status on pages 27-28. They seem equally frustrated by the lack of clear regulatory guidance.
They have a good understanding of how Bitcoin works but look at p.36 for a comical depiction of a Bitcoin Miner.
While the XBTC ETF does not increase adoption directly it will indirectly benefit the crypto space. The increased visibility of Bitcoin and blockchain in general will give the public comfort in the space. They will no longer think Bitcoin is just for buying fentanyl and other drugs. With increased comfort will come increased research and investment. Hopefully the ETF is fuel for the next leg of innovation is this transformative space.
submitted by basiccrypto to BitcoinMarkets [link] [comments]

🛠️TOOLS🛠️

🛠️TOOLS🛠️
BEGINNER TIER
● NEWS 📰 A feature that analyses the news and searches for pieces of new information whilst filtering and providing the right ones to our members. We will also have vloggers, bloggers, and journalists on our team, all being paid with our tokens. Therefore, in order for them to make money, they will have to provide the best pieces of news and information possible.
● CHARTS 📈 They answer the basic questions, for instance: What is the price action?; What do charts show us? What are price candles? Price movement; Trend Lines; Support Resistance lines; Orders; Order books explained and much more giving users a whole package of useful knowledge about charts.
● COIN CALENDAR 🗓️ A cryptocurrency event calendar to keep updated on events regarding the coins or tokens you are interested in or currently holding. The coin calendar can be managed and updated to the member’s portfolio.
● ALTCOIN POLICE 👮 A feature that shows your action behind the desired coin or token. If a project’s development isn’t active you can confidently assume it is dead and vice versa so you can act appropriately to it.
● COIN TRACKER 〽️ Database where users can import all of their trades. You can build your portfolio and calculate the current balance and sell/buy trade options for the coins you are currently holding
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
INTERMEDIATE TIER
● TRADING ™️ An option of trading available for our members that automatically places buy and sell orders in their name to a cryptocurrency of their choice. The user can set all the details (limit, token amount, rate, etc.) in advance.
● EXCHANGE RATES AND ARBITRAGE 💱 A feature analyzing all current exchange rates and their differences in different exchange markets. This allows users to choose the market where their selected currency has the best price for them to buy or sell it. As we know, the crypto world is decentralized, which means there can be vast differences between different crypto exchange markets.
● PERFORMANCE 🔧 Display of all cryptocurrencies and crypto exchanges that shows their performance in the desired time ratio from 1 day to 1 month.
● SENTIMENT 📏 A feature that consists of professional technical analysis for top cryptocurrencies to evaluate investments and identify trading opportunities. The options are arranged from 1 minute to 1 month showing you the buy/sell opinion by focusing on patterns of price movements, trading signals, and various other analytical charting tools.
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ADVANCED TIER
● WHALE ALERTS 🐋 Whale alerts are instant notifications for so-called whale moves. They provide insight into big amounts of money or so-called smart money being entered or exited from one currency into another. These moves are normally made on some type of verified information and we enable our users to react accordingly to it.
● CORRELATION ➗ Indicator that shows the biggest price difference between Bitcoin and other major coins. It can be used to monitor the movement and analyzing the market.
● INFLOW INDICATOR 🔺 A special feature constructed on an exact calculation of FIAT flowing into and out of different crypto exchanges.
● CRYPTO MINING ⛏️ Indispensable tool for everyone interested in crypto mining. It shows digital asset staking rewards & dividends for most promising mining crypto coins.


https://preview.redd.it/6xs1q0k413q31.png?width=1903&format=png&auto=webp&s=597b69b44f8eac08a5267e2d8463d869110f8948
submitted by Cinesius to NewsCrypto_io [link] [comments]

Mother Telegram Technology is an English cryptocurrency mining company

Mother Telegram Technology is an English cryptocurrency mining company. Officially registered in the UK since August 2019, Mother Telegram Technology, however, has an earlier history of creation and formation (for details, see the History of the company).
Since January 2017, the company has been working professionally and quite successfully with Bitcoin ATM operators. 2018 has been manufacturing their own brands of cryptomatic, production takes place in Austria. Cryptomate the most powerful and modern equipment that support the exchange of all major altcoins, as well as perform the role of stores to entire retail chains. Recently Mother Telegram Technology does not only exchange e-gold for himself, rents cryptomate from different parts of the world out, and provides the ability to start without investments. Customers can choose the location and profitability of the leased terminal, calculate its profitability, payback period, size and volume of net profit.
Since may this year, the company has been steadily increasing its own base of terminals, gaining momentum, launching Beta Mother Wallet in Telegram messenger.
In the world of profitable crypto-currency programs at the moment there is hardly a better offer for earnings. And it's not just that the Mother Telegram Technology is a private telegram platform, decent interest rate, reasonable terms, etc. the Matter of stability and reliability, which we show are proud of, which we offer to our partners.

Mother Telegram Technology has been developing steadily, showing medium-high rates of profit growth since its inception. The main goal is to increase the total number of terminals, competitiveness and efficiency. Achieve Mother Telegram Technology
* Platform created in conjunction with Telegram.
• The most reliable Telegram wallet.
* Arbitrage revenue system within the Telegram network.
* Conclusion of profitable contracts with terminal operators in more than 25 countries.
* Creation of own software for terminals. The introduction of innovative business models for cryptomatic, their functionality is very broad and allows you to cover the outlets and the casino.
* High interest rates on rental terminals for our tenants.
Mother Telegram Technology is an excellent rental interest, the lowest prices for the cost of terminals, as well as an interesting and profitable affiliate program.
More info https://motherwallet.net telegram @motherwalletbot
submitted by lolmat45 to u/lolmat45 [link] [comments]

Weekly Dev Update #17

THORChain Weekly Dev Update for Week 12–18 Nov 2019

![](https://miro.medium.com/max/2880/1*Fy-NCZAKhgbZmE-iEIQChQ.png)

Recent Changes

Some recent updates to the protocol:

Update to Emission

The first iteration of the block reward scheme was announced in the previous weekly update. An immediate concern raised from the community was that the emission was too aggressive in the initial year and rewards dropped off fast beyond the 5 year mark. Taking Bitcoin’s emission as an example, the emission curve has been updated to target 2% emission after 10 years.
![](https://miro.medium.com/max/2384/1*gqBLvJOl2G4n3IHW1rViKg.png)
The Block Reward equation is given by the following recurrence equation: g(n+2) = ((R - (g(n+1) + g(n))) / x) / y Which evaluates to: ![](https://miro.medium.com/max/1624/1*ttpsRd7HUs2-7hvDGO6elg.png) where: R = Reserve, x = 6 (Arbitrary Emission Factor) y = (seconds per day / seconds per block) / days per year y = (86400 / 5) * 365.2425 The final curve thus has a Day 0 emission of 25%, Year 1 emission of 20% and Year 10 emission of 2%.

ChaosNet

The original plan for BEPSwap (prior to the Yggdrasil liquidity breakthrough) was to have it as a separate mainnet before launching the real THORChain in 2020 with cross-chain support. Now THORChain has in-built cross-chain support and a clear roadmap to 99 nodes. This means the mainnet launch will have public, community-run nodes at the start. The community has been fielding many questions about how to run a node, and the mechanics in doing so. Since the THORChain team will not be running any nodes, it is necessary to have a full-rehearsal with the community at launch. As such, the plan is for a public ChaosNet on 03 January 2020. ChaosNet will have the following key differences: * Minimum bond of 100k RUNE. * Maximum of 12 Nodes. * Churn cycle of 1 day. * Maximum stake amount of 600k RUNE total. * 2.7m RUNE Protocol Reserve to emit Bond and Stake rewards. * Hard-coded Ragnorök at 6 weeks.
Any member who wishes to join ChaosNet to get accustomed to running a node can do so, and will receive Block Rewards roughly equivalent to mainnet (25%). They will be setting up nodes, churning in, servicing the network and earning rewards. The system will hold up to 600k Rune, at which point it will refund any additional staked amount. The community can stake small amounts of real assets, prepare arbitrage bots, set up telegram alert bots and more. In short, it is a public rehearsal with the entire community across all facets (nodes, stakers, traders) so that everyone will have access to the same information and not unfairly benefit when the real mainnet launches. Additionally, the system will be hard-coded to perform a Ragnorök 6 weeks later, which will refund all the remaining reserve as well as bonded and staked assets. This will go a long way in re-assuring the community that the system can tolerate all levels of risk, including black-swan events, and that funds are safe at all times.

Internal Arbitrage

A new feature will be launched that will allow users to use internal arbitrage. This is an asymmetrical withdrawal to Rune, then immediately followed by a asymmetrical stake of Rune in another pool. A trader may want to do this instead of doing transactional arbitrage in order to exploit price differences between two pools the fastest way possible. Instead of an outgoing transaction being processed, followed by another incoming transaction, Rune balances and stakeUnits are swapped internally, being completed inside of a few seconds.

Fee-based Transaction Prioritisation

Currently there is no prioritisation to the order of transactions, all transactions are simply processed in order of time received. In moments of high demand of network resources (such as when there are large arbitrage opportunities and users are racing to exploit them), transactions will queue in the mempool. If the system cannot respond fast enough, then the reason for high demand will persist (the large arbitrage opportunity). The solution is to remove the reason for high demand in the first place, which is the large arbitrage opportunity, at the same time as collecting the maximum revenue for the system. As such, in the checkTx method (which can triage the mempool), transactions will be sorted and ordered in the value of the fee of the swap transaction. Assuming rational actors, the following transactions will then be prioritised over all others: * A transaction from an impatient swapper who is willing to pay a large fee. * A transaction from a trader who is able to arbitrage out a price discrepancy (and still make a gain).
This then means the system can collect as much income as possible (good for the stakers) at the same time as prioritising transactions that can arbitrage out large price discrepancies quickly. This then means swaps from transient swappers will experience a market price that accurately matches the reference price at all times.

BEPSwap Development

The team are working on 4 parallel streams of effort. Cross-chain infrastructure has now been merged into a single repo called “THORNode”. * THORChain * Midgard Public API * Threshold Signature Scheme implementation * Front-end Integration for BEPSwap

THORChain

Bug fixes, refactoring, as well as more logic around Yggdrasil funding. Additionally, node churn and the first part of block rewards PR was merged. * Add admin config event, fix tx out events https://gitlab.com/thorchain/bepswap/thornode/merge_requests/255 * Resolve “Select a satellite pool to swap out” https://gitlab.com/thorchain/bepswap/thornode/merge_requests/253 * Include the thorcli volume for the signer. https://gitlab.com/thorchain/bepswap/thornode/merge_requests/261 * Rune Reserves, block rewards, bond units, oh my! https://gitlab.com/thorchain/bepswap/thornode/merge_requests/258 * Add mechanism to slash a node account bond or rewards https://gitlab.com/thorchain/bepswap/thornode/merge_requests/264 * Add add event https://gitlab.com/thorchain/bepswap/thornode/merge_requests/262 * Issue198 node churn https://gitlab.com/thorchain/bepswap/thornode/merge_requests/270 * Issue199 — fix signer doesn’t process multiple txout item https://gitlab.com/thorchain/bepswap/thornode/merge_requests/271 * issue194: only rune get refund for invalid memo https://gitlab.com/thorchain/bepswap/thornode/merge_requests/272 * Outbound — mark txout item out hash based on the coin as well https://gitlab.com/thorchain/bepswap/thornode/merge_requests/273

Midgard Public API

Database ported from influxdb to timescaledb (more maturity, better developer tooling). Endpoints built out include/pools and /stakers. * Feature/new endpoint format, refactors and general clean ups
The OpenApi Schema can be reviewed here:
https://testnet-api.bepswap.net/v1/doc

Threshold Signature Scheme

TSS was successfully implemented into the Genesis ceremony, with the focus now being on the key-gen and key-sign ceremonies. Multi-cast DNS was switched out for a distributed hash table to facilitate node discovery. * Issue4 — docker images and ci https://gitlab.com/thorchain/tss/multi-party-ecdsa-dockemerge_requests/5 * Fix a docker bug https://gitlab.com/thorchain/tss/multi-party-ecdsa-dockemerge_requests/6
A proof-of-concept is being prepared using BinanceChain TSS library, which was recently launched in order to make a decision whether to switch libraries. A go-based implementation is better for THORNode, since it is also written in Go.
https://github.com/binance-chain/tss-lib

Frontend Implementation

Bug-fixes and tweaks from community feedback. The frontend is now ready for implementation with the latest Midgard API. * Resolve “Write cypress e2e test for pool stake list view” https://gitlab.com/thorchain/bepswap/bepswap-react-app/merge_requests/164 * Resolve “Update rune token icon” https://gitlab.com/thorchain/bepswap/bepswap-react-app/merge_requests/165 * Resolve “Update confirmation modal” https://gitlab.com/thorchain/bepswap/bepswap-react-app/merge_requests/166 * Resolve “Update wallet view” https://gitlab.com/thorchain/bepswap/bepswap-react-app/merge_requests/167 * Resolve “Add tooltip for wallet connection” https://gitlab.com/thorchain/bepswap/bepswap-react-app/merge_requests/168

Timelines

The team are working for these milestones: * Feature Freeze: 20 November 2019 on-time * Audit: 20 December 2019 on-time * ChaosNet: 03 January 2020 on-time

Community

To keep up to date, please monitor community channels, particularly Telegram and Twitter: Twitter: https://twitter.com/thorchain_org Telegram Community: https://t.me/thorchain_org Telegram Announcements: https://t.me/thorchain Reddit: https://reddit.com/thorchain Github: https://github.com/thorchain Medium: https://medium.com/thorchain
submitted by thorchain_org to THORChain [link] [comments]

Bitcoin Cost Calculator

I've seen lots of posts about people complaining about the "hidden" cost of buying bitcoin between Coinbase Mobile and Coinbase Pro. Here is my stupid little calculator that will compare the cost of various buys and sells against pro.coinbase.com. It can run in any python console or on android as well with the help of a launcher
Coinbase Mobile seems to run at about a 3.5 % premium compared to Pro which usually only has about a 0.15-0.20 % premium.

Examples

Order spot deal best premium
CashApp Buy $100 BTC 9,664.19 9,790.02 0.2014 % 1.3020 %
CoinbaseMobile Buy $100 BTC 9,707.41 10,059.26 0.1994 % 3.6245 %
CoinbaseMobile Buy $100 in ETH 211.37 219.55 0.1973 % 3.8720 %
CoinbaseMobile Buy $100 in LTC 89.92 93.23 0.2278 % 3.6725 %
CoinbaseMobile Convert BTC->ETH 0.02182500 0.02205305 0.1958 % 1.0449 %
CoinbaseMobile Convert BTC->LTC 0.00928550 0.00938694 0.3115 % 1.0925 %
Basically, Coinbase Mobile seems to be running a 3.5% premium over just using Coinbase Pro. The "Free Conversion" feature runs about a 1% premium over just doing it on the Coinbase Pro exchange. If you have to use mobile, CashApp is substantially cheaper.
Note: I'm only referencing Coinbase Pro. Most of the time, most of the US exchanges BTC/USD order books are within 0.10% of each other. There is arbitrage, but for the numbers I'm looking at, I consider it mostly insignificant.
Enjoy!
Disclaimer: Costs occur in many forms. The costs on the fee schedule are one of those costs, but others may include the size of the order book spread or origination costs.
submitted by brianddk to CoinBase [link] [comments]

What is crypto arbitrage and is it effective?

What is crypto arbitrage and is it effective?

What is crypto arbitrage and is it effective?
Cryptocurrency arbitrage allows you to earn on the difference in the value of assets. This type of trading came from traditional financial markets and has become widely used by crypto traders.

Types of cryptocurrency arbitrage

There are two main types of crypto arbitrage:
  • Inter-exchange
  • Intra-exchange
The first and most common way is to buy cryptocurrency on one exchange at a lower price and sell it on another at a higher price. There are many factors to consider in this approach: spread, fees, transaction speed, price movement speed, trend direction and so on.
The second method is more complex, but less risky, because all transactions are made on the same exchange, and the work goes faster. A popular scheme is the so-called intra-exchange triangle, based on the difference in the rates of several cryptocurrencies. Two or more cryptocurrencies are involved in the trade. For example, the first bitcoin is bought, then BTC is exchanged for XLM, which is sold for dollars.

Disadvantages of crypto arbitrage

The method is quite difficult for beginners and requires a certain set of skills. It is necessary to carry out complex calculations and take fees into account: both trading and cryptocurrency deposit and withdrawal fees. It is profitable to engage in inter-exchange arbitrage only when the trader has a sufficiently large deposit since the total fee can be up to 200 or more dollars. This increases the risks significantly.
When conducting inter-exchange arbitrage with cryptocurrencies such as BTC or ETH, the rate can change significantly due to fairly slow transactions, which, under high load on the network, can hang for several hours.

How effective is crypto arbitrage

Arbitrage can be effective due to high volatility and rapid changes in the exchange rate of cryptocurrencies. But for the same reason, it can lead to losses as the price can quickly level off or become lower at the time of sale.
It is more appropriate to use intra-exchange arbitrage. Trade-mate.io service, which allows you to manage assets in a single window, will help you a lot. Currently, three major exchanges can be connected: Binance, Bitmex, and Poloniex. If you decide to use inter-exchange arbitrage, you can track prices and quickly sell on two exchanges at once. For example, open long on Binance and short on Bitmex without withdrawing funds to save time.
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Bitcoin Q A Price premiums and arbitrage - YouTube

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