Welcome FXGears' Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /Forex is the official subreddit of FXGears.com, a trading forum run by professional traders. FXGears.com hosts and moderates our chatroom, and has developed such tools as the chart bot you'll find available in chat.
I have a dilemma for an analysis I'm currently on. I doing some GARCH modelling of bitcoin and a fiat currency. There are some null values with the fiat datasets in comparison with bitcoin data as cryptos trade on weekends. The R package I'm using rugarch won't accept null values Now, I believe I have two choices:
Drop weekend rows of bitcoin
Fill weekend rows of the fiat currency
My question are there statistical justifications for either option and which option hurts least the integrity of my model?
My guide to start working online. After doing this for three years, I am on track to make $40,000 this year from it.
I have posted something very similar here a few times, and it usually gets a good amount of attention. I apologize if you have seen it before, but some people haven't and they could use the money. In 2018 I made about 15k from this guide (give or take a few sites). In 2019 it was closer to 25k. This year I am on track to make 40k. I also want to preface this by saying that this post has refs in it. Some are mine, some are random Redditors, and some don't have one. If that upsets you for some reason, click the link, delete the stuff after .com and submit again and that will take care of it.
Top deals for September 2020
Swagbucks $10-$35 Hulu deal Right now SB has another deal where you get credits to sign up to Hulu with the $5.99 plan. It may only be $20 or it may be $35 when you check as they seem to change it day to day. Since this deal has new terms, the credits might be paid out immediately or after 32 days. The credits can be used for Amazon GC or PayPal credit (both take a few days to get processed). Not only that, but you can get a $25 Amazon GC for $22 worth of points, so you can make even more. You can cancel the subscription after 8 days, but no sooner so you don't lose the points. So, five minutes of work for the equivalent of $16-$29 and a free month of Hulu. $50 from SoFi for opening an account and direct depositing This one will require you to have $500 that you can direct deposit. SoFi Money is a savings account, fee-free, 2% APY annual; so typical bank account. This deal will require you to use your SSN, link a bank account, and do a soft pull with Experian to complete. You just need to create a SoFi Money account through the link, deposit $500 twice to the account, and wait for a few days. After the deposit clears (1-2 business days), SoFi will instantly give you $50 bonus. After you get the $50 bonus you can pull out all money and close the account or keep using it. Another $50 from SoFi but for stocks After you get the $50 sign up bonus from SoFi Money, flip it through this link and fund the invest account. Since I (and you now) already had an account, it literally took under 5 minutes to set up and fund the account. Either way you do it, SoFi will give you an additional $50 in free stock of your choice. Keep it and hope it grows, or sell it for the quick $50 profit. $50 from Chime for opening an account and depositing $200 Pretty much the same exact set up as SoFi. This one will require you to have $200 that you can do without for a few days. You just need to create the Chime account through the link, deposit $200 to the account, and wait for a few days. It says direct deposit only, but this tested and worded with just connecting a bank account and doing the deposit. After the deposit clears (1-2 business days), Chime will instantly give you $50 bonus. After you get the $50 bonus you have to wait until your new debit card arrives and is activated before you can move the money out. $50 from eToro This is a crypto trading account. The same deal as the other ones. Fund the account using the ref link and get $50. The wait time on this one is usually around 7 business days. $10-$120 in crypto for watching videos and answering quiz questions $10 from Coinbase if you buy / sell $100 or more worth of crypto This is a crypto trading account. The link takes you to the account signup screen. After you create the account visit coinbase.com/trade and initiate a buy or sell (in case you transferred crypto into Coinbase from another account) of $100 USD or more (or 100 USD equivalent of your domestic currency) within 180 days of opening and you will receive a $10 bonus (or local equivalent). Orders can take up to 4 business days to complete. Pretty much just watch and answer videos for varying types of crypto. The crypto you earn will get deposited into the wallet you create, which can then be cashed out into USD. Depending on the day, you can earn up to $120 if all free tokens are available. $10-$40 for signing up with OhmConnect A great website if you have one of a few utility companies in California, Texas, or Toronto. OhmConnect supports PGE, SCE, SDGE, Smart Meter Texas, and Toronto Hydro. You essentially just connect your utility account, and earn points. You earn $10 after signing up and getting to a status level of Silver (took me like 10 minutes). $10 more if you connect a smart device like NEST. Several hundred for test driving cars Pretty easy. Click the link, go through the dealerships, get your code, test drive a car, and get paid. I did this last year and I was in and out on my lunch break. These offers come and go all year, so check frequently. UNCLAIMED/ABANDONED PROPERTY States return millions of dollars worth of unclaimed property a year. Unclaimed property typically consists of unclaimed money in accounts that have sat dormant for more than a year. Every state has its own abandoned property site but a good place to start is MissingMoney.com. It’s very simple to search there. If anything comes up, continue the search/filing on your states gov website. Example: California’s is https://ucpi.sco.ca.gov/UCP/Default.aspx. Just cashed a check for $35 from an account I closed years ago. The following are ref links that I am putting in for a random Redditor or two, just to spread goodwill and try to give back to all of you. I get nothing from these and will be doing this for one or two random people every month. PM me if you want your ref link featured here. The Redditor for September is u/moongains PERKSY From Moon: Perksy is a survey app with nice payouts and a fun vibe. I’ve made about $50 on the app with little effort.
Ok. Back to the main post content.
Hey everyone. This is an all-inclusive write-up compiling all of my past posts on how I am making upwards of $1,000 a month through the use of beermoney sites. Beermoney is, according to Urban Dictionary, "Extra money for non-essential payments, available for spending on luxuries, hobbies, or a fresh pint of your favorite draft." I use this definition, because this is (in most cases) not intended to be a primary source of income. This is a way to supplement what you already have. There is no way to know what you will make any given month, so do not count on it. My worst month I only made around $500 and my best I made over $2,000. You can also check out my post on using apps to save money and earn cash back. As I have stated in my other posts, this is not a definitive list of everything a person can do online by any means and refs are included. Do your own research on the subs I list, use Google, ask other people, and find what works for you. What I talk about works well for me, my family, and my schedule. Below I will include time requirements to make this money, provide a quick recap of the revenue streams that I have found to work, and provide payment proof for what I can. I personally invest anywhere from 20 to 30 hours a week doing these sites, on top of my day job. Some days I will make $20 all day, and others I will make over $200. I prefer this, as opposed to a second job, because I can pay partial attention to a laptop and 'clock-out' when I want to focus on family or Netflix. This works better for my temperament and preferences. Tech required: A working laptop, a cellphone (in some cases), an internet connection, and a fairly good amount of patience to learn. If you are in a position where these tools are not available, you can also do many of these from a library. I put all of this info into an e-book, plus a TON of other stuff that was either written by me, or compiled from others (with their permission). Here is a link to it. If you tried even half of the stuff in the book, you would make your money back in less than a day. The dollar amounts next to each site are what I made in 2018. 2019 and 2020 were considerably more, but I have been too lazy to update all of these. Anyway, on to the revenue streams: SwagBucks ($775) Surveys – Majority of countries– This is more of a catch-all for stuff to do when you want to make and save money. You can do surveys, play games, and watch videos to earn points. You can also get cash back from using SB to visit and buy from different stores. You get paid in points which can be used to purchase gift cards or sent directly to PayPal. Each point is the equivalent of $0.01. Usually, SB will have deals where you can get certain gift cards for less. For example, a $20 Amazon gift card for 1800 SB points. The payout can be slow, but if you don’t mind running ads in the background, using a plug-in to save money while you shop, or killing time playing a game, SwagBucks can be a great way to earn $20 a month. Mturk ($3,142): Small tasks and surveys - US mainly. Confirmed also in Canada, Europe, & Aus. - This is by far the one I spent the most time on and has been the best earner. This site lets humans perform small tasks that robots still cannot do well. It is owned by Amazon. Downside is there are slim pickings on weekends and when colleges are out on vacation. I typically stick to surveys, but once in a while do batch jobs which there are more of. You have to wait a week for your first payout, which will go to an Amazon payment account. You can the get payouts one time per day after that. Approval for mturk can sometimes be a pain in the ass, almost impossible if you are not from the US, but is definitely worth it in my opinion if you can get approved. Secret shopper US and Secret shopper UK ($485): In-person store evaluation - US and UK only - These links will take you directly to a sign-up page. US version populates with my ref code. Feel free to delete it before signing up, if you want. You will be taken to the app store where you can download the actual app on your phone. Essentially, you go to stores near you that are identified in the app and take pictures or videos of specific items. I like this one because I have the ability to make a few extra bucks if I am already out shopping. The pay for this one averages about $15/hr. Note: I have not tried the UK version, but it was recommended by another Redditor. Usertesting ($800): Website evaluation - US & maybe select others - This site allows you to review new websites and apps. The pay is usually $10 per recorded test lasting 10-15 minutes. Sometimes the pay is more, but never less. I average a few tests a week. Some weeks I will get a dozen tests, other weeks nothing. This one is great to practice your feedback skills, which open up a lot of other doors. Pay is through PayPal, one week (to the minute) after the test is complete. Redbubble ([$305]: T-shirt creation - Worldwide - After getting rejected by merch by Amazon, I came here. You design and publish t-shirts, phone cases, and about 20 other mixed products, with each sell netting you a few bucks. They are based in Australia, and do pay-outs once a month on the 15th via PayPal. You do all of the uploading and just wait for people to find it with keywords or searches. Great if you are artistic or know how to use any creative software. Prolific.ac ($3,500): Based in the UK, this used to be one of my favorites because they pay in Great British Pound (GBP) which is the equivalent to 1.25x the USD. Prolific is similar to Mturk (listed earlier) in that all you do is fill out surveys. Pay is better than Mturk, but the availability of surveys is not as great. In fact, I personally haven't seen a survey in months, but see others get them often. The initial questionnaire you have to fill out is a bit long taking me about 20 minutes, but ensures you qualify for every survey they show you and will never get disqualified for not meeting the demographic. You have to hit £5 before you can cash out, but you get this after a few days of watching for surveys. Leave it open in a tab and check it throughout the day. I wish I could do this one all day because the pay rocks, but I only see a few a day. They pay out in PayPal anytime you request it and have a balance of over £5. Ebay ($190): Selling goods - Worldwide - Not much explanation needed here. You buy stuff in-person low, and sell online high. Here is a $2.99 beginner's guide dedicated to flipping that covers absolutely everything you need to know (also mine). PlaytestCloud ($190): Video game testing - Many countries - This is just simple game testing. It is super fun, very quick, and you get to test new games before anyone else. They send you tests for different listed devices, you download the game file, and they record your screen and voice. The only issue I have with this one is that you are only able to test 3-4 games per month, at $9-$11 each. Paid almost immediately after each test via PayPal. UsabilityHub ($15): App testing - Many countries - This one lets the user take quick one or two minute surveys on your opinion of an app screen. They pay for this averages to about $.10 a minute, so it is nothing spectacular. Just leave it open in another tab and take a quick survey when you hear a new one come available. UserInterviews ($50): Studies - US & maybe select others - Similar to Respondent, but with less approval when filling out the demographics for each study. Product Testing ($1,500): Mainly US & some UK/CA - There are places online that will pay you to leave positive/negative reviews for companies or purchase products. This is actually a big business model in China and other S.E.A. countries. Personally, I already know that Amazon reviews, Yelp, BBB, and everything in the middle are at least half fake reviews; so I may as well monetize on it. If this is something that sounds interesting, here is more info. Reddit subs($2,300): It is super simple to use Reddit as more than a social media tool or news website. Knowing the right subs to subscribe to, and what to look for, can help you make a few extra hundred bucks a month. There are a ton that you can find small or medium jobs on, but I am only going to outline the top four that have worked for me. /slavelabour: This sub is normally dedicated to doing cheap jobs for people, at cheap rates. I have both had things done for me here, as well as completed a lot of tasks. It may seem daunting at first, with people offering $2 to write an essay (seriously though.. no homework here), but there are gems to be found. Two of my best jobs have been creating meal plans for $60, and finding the name of a book for $80. Cancel that. SL is now power mods that block the decent work and only allow the trash jobs. No longer worth the time. I only leave it up as people ask about it when I don't. /signupsforpay: Since slave labour does not allow paying people to sign up for websites, this is where to go to make a few bucks with signups. From connecting your gas and electric information, to signing up with Acorns, I have probably made a grand total of $100 here. Nothing overly special, but $100 is $100. /giftcardexchange: This is one of my favorites, because you can buy and sell all of those gift cards you have/want. Have a $20 gift card from a family member that you will never use? Sell it here for 80-90%. Want to buy Amazon gift cards for less than face value? Get 'em here. I do a lot of buying on Amazon, so this sub has easily saved me hundreds over the course of using it. Caution: Trade carefully. I know this is a lot of info and a bunch of it is repetitive from my last post, but I wanted to provide as much info as possible for the compiled post. Hope it helps!
Not happy with Binance. Account deactivated no reason.
So I have been using and trading on Binance.us for about 2 months now. In that time some very strange things have happened. Many red flags here. First after about a month my ACH( bank account) just unlinked itself from the site even though I had used the same linked account to transfer 1000's of dollars to buy BTC and ETH. I was able to relink my account and deposit and withdraw again but it raised red flags for sure. Then I come to find out this happens to a lot of people and the fix to to delink account after every transaction? this isnt acceptable. Next I have no been able to deposit or withdraw my ADA for 3 days now. Its greyed out. My only option is to sell or trade into usd or usdt. I know the Shelly fork happened but 3 days now? I sent a ticket and got a caned response that there updating there wallets and NO ETA!! this is not acceptable sorry. I should have gotten a email prier to this telling me that this would happen. then giving me options on what to do with my ADA. This isnt acceptable. Next I try to log into my account today and its been deactivated. No email from Binance no strange account activity. No failed logins...nothing. Just out of the blue deactivated. I go thou there on line "Reactivate Account " process that tells me now I wont be able to do anything for 48 hours. Im sitting here watching a screen to reactivate my account for 3 hours now. So now just for no reason I have no access to my crypto or my account and am stuck submitting a ticket and waiting god knows how long till I can even access my own money. This is costing me $!! Thank god I took 90% of my portfolio off this exchange to my Ledger so i can still trade that during this weekend on another exchange. I have done nothing wrong here yet i'm the one that has to suffer and get anxiety because this exchange cant get there act together. There are better options for trading out there and trust me I'll be seeking them out after I get this fiasco resolved. I'll post an update here when I finally get a response from Binance.us as to why this even happened. Short of my account was getting hacked(highly unlikely) I'll be closing my account and recommending to all my friends they do the same.
Hey all, I've been researching coins since 2017 and have gone through 100s of them in the last 3 years. I got introduced to blockchain via Bitcoin of course, analyzed Ethereum thereafter and from that moment I have a keen interest in smart contact platforms. I’m passionate about Ethereum but I find Zilliqa to have a better risk-reward ratio. Especially because Zilliqa has found an elegant balance between being secure, decentralized and scalable in my opinion.
Below I post my analysis of why from all the coins I went through I’m most bullish on Zilliqa (yes I went through Tezos, EOS, NEO, VeChain, Harmony, Algorand, Cardano etc.). Note that this is not investment advice and although it's a thorough analysis there is obviously some bias involved. Looking forward to what you all think!
Fun fact: the name Zilliqa is a play on ‘silica’ silicon dioxide which means “Silicon for the high-throughput consensus computer.”
This post is divided into (i) Technology, (ii) Business & Partnerships, and (iii) Marketing & Community. I’ve tried to make the technology part readable for a broad audience. If you’ve ever tried understanding the inner workings of Bitcoin and Ethereum you should be able to grasp most parts. Otherwise, just skim through and once you are zoning out head to the next part.
Technology and some more:
The technology is one of the main reasons why I’m so bullish on Zilliqa. First thing you see on their website is: “Zilliqa is a high-performance, high-security blockchain platform for enterprises and next-generation applications.” These are some bold statements.
Before we deep dive into the technology let’s take a step back in time first as they have quite the history. The initial research paper from which Zilliqa originated dates back to August 2016: Elastico: A Secure Sharding Protocol For Open Blockchains where Loi Luu (Kyber Network) is one of the co-authors. Other ideas that led to the development of what Zilliqa has become today are: Bitcoin-NG, collective signing CoSi, ByzCoin and Omniledger.
The technical white paper was made public in August 2017 and since then they have achieved everything stated in the white paper and also created their own open source intermediate level smart contract language called Scilla (functional programming language similar to OCaml) too.
Mainnet is live since the end of January 2019 with daily transaction rates growing continuously. About a week ago mainnet reached 5 million transactions, 500.000+ addresses in total along with 2400 nodes keeping the network decentralized and secure. Circulating supply is nearing 11 billion and currently only mining rewards are left. The maximum supply is 21 billion with annual inflation being 7.13% currently and will only decrease with time.
Zilliqa realized early on that the usage of public cryptocurrencies and smart contracts were increasing but decentralized, secure, and scalable alternatives were lacking in the crypto space. They proposed to apply sharding onto a public smart contract blockchain where the transaction rate increases almost linear with the increase in the amount of nodes. More nodes = higher transaction throughput and increased decentralization. Sharding comes in many forms and Zilliqa uses network-, transaction- and computational sharding. Network sharding opens up the possibility of using transaction- and computational sharding on top. Zilliqa does not use state sharding for now. We’ll come back to this later.
Before we continue dissecting how Zilliqa achieves such from a technological standpoint it’s good to keep in mind that a blockchain being decentralised and secure and scalable is still one of the main hurdles in allowing widespread usage of decentralised networks. In my opinion this needs to be solved first before blockchains can get to the point where they can create and add large scale value. So I invite you to read the next section to grasp the underlying fundamentals. Because after all these premises need to be true otherwise there isn’t a fundamental case to be bullish on Zilliqa, right?
Down the rabbit hole
How have they achieved this? Let’s define the basics first: key players on Zilliqa are the users and the miners. A user is anybody who uses the blockchain to transfer funds or run smart contracts. Miners are the (shard) nodes in the network who run the consensus protocol and get rewarded for their service in Zillings (ZIL). The mining network is divided into several smaller networks called shards, which is also referred to as ‘network sharding’. Miners subsequently are randomly assigned to a shard by another set of miners called DS (Directory Service) nodes. The regular shards process transactions and the outputs of these shards are eventually combined by the DS shard as they reach consensus on the final state. More on how these DS shards reach consensus (via pBFT) will be explained later on.
The Zilliqa network produces two types of blocks: DS blocks and Tx blocks. One DS Block consists of 100 Tx Blocks. And as previously mentioned there are two types of nodes concerned with reaching consensus: shard nodes and DS nodes. Becoming a shard node or DS node is being defined by the result of a PoW cycle (Ethash) at the beginning of the DS Block. All candidate mining nodes compete with each other and run the PoW (Proof-of-Work) cycle for 60 seconds and the submissions achieving the highest difficulty will be allowed on the network. And to put it in perspective: the average difficulty for one DS node is ~ 2 Th/s equaling 2.000.000 Mh/s or 55 thousand+ GeForce GTX 1070 / 8 GB GPUs at 35.4 Mh/s. Each DS Block 10 new DS nodes are allowed. And a shard node needs to provide around 8.53 GH/s currently (around 240 GTX 1070s). Dual mining ETH/ETC and ZIL is possible and can be done via mining software such as Phoenix and Claymore. There are pools and if you have large amounts of hashing power (Ethash) available you could mine solo.
The PoW cycle of 60 seconds is a peak performance and acts as an entry ticket to the network. The entry ticket is called a sybil resistance mechanism and makes it incredibly hard for adversaries to spawn lots of identities and manipulate the network with these identities. And after every 100 Tx Blocks which corresponds to roughly 1,5 hour this PoW process repeats. In between these 1,5 hour, no PoW needs to be done meaning Zilliqa’s energy consumption to keep the network secure is low. For more detailed information on how mining works click here. Okay, hats off to you. You have made it this far. Before we go any deeper down the rabbit hole we first must understand why Zilliqa goes through all of the above technicalities and understand a bit more what a blockchain on a more fundamental level is. Because the core of Zilliqa’s consensus protocol relies on the usage of pBFT (practical Byzantine Fault Tolerance) we need to know more about state machines and their function. Navigate to Viewblock, a Zilliqa block explorer, and just come back to this article. We will use this site to navigate through a few concepts.
We have established that Zilliqa is a public and distributed blockchain. Meaning that everyone with an internet connection can send ZILs, trigger smart contracts, etc. and there is no central authority who fully controls the network. Zilliqa and other public and distributed blockchains (like Bitcoin and Ethereum) can also be defined as state machines.
Taking the liberty of paraphrasing examples and definitions given by Samuel Brooks’ medium article, he describes the definition of a blockchain (like Zilliqa) as: “A peer-to-peer, append-only datastore that uses consensus to synchronize cryptographically-secure data”.
Next, he states that: "blockchains are fundamentally systems for managing valid state transitions”. For some more context, I recommend reading the whole medium article to get a better grasp of the definitions and understanding of state machines. Nevertheless, let’s try to simplify and compile it into a single paragraph. Take traffic lights as an example: all its states (red, amber, and green) are predefined, all possible outcomes are known and it doesn’t matter if you encounter the traffic light today or tomorrow. It will still behave the same. Managing the states of a traffic light can be done by triggering a sensor on the road or pushing a button resulting in one traffic lights’ state going from green to red (via amber) and another light from red to green.
With public blockchains like Zilliqa, this isn’t so straightforward and simple. It started with block #1 almost 1,5 years ago and every 45 seconds or so a new block linked to the previous block is being added. Resulting in a chain of blocks with transactions in it that everyone can verify from block #1 to the current #647.000+ block. The state is ever changing and the states it can find itself in are infinite. And while the traffic light might work together in tandem with various other traffic lights, it’s rather insignificant comparing it to a public blockchain. Because Zilliqa consists of 2400 nodes who need to work together to achieve consensus on what the latest valid state is while some of these nodes may have latency or broadcast issues, drop offline or are deliberately trying to attack the network, etc.
Now go back to the Viewblock page take a look at the amount of transaction, addresses, block and DS height and then hit refresh. Obviously as expected you see new incremented values on one or all parameters. And how did the Zilliqa blockchain manage to transition from a previous valid state to the latest valid state? By using pBFT to reach consensus on the latest valid state.
After having obtained the entry ticket, miners execute pBFT to reach consensus on the ever-changing state of the blockchain. pBFT requires a series of network communication between nodes, and as such there is no GPU involved (but CPU). Resulting in the total energy consumed to keep the blockchain secure, decentralized and scalable being low.
pBFT stands for practical Byzantine Fault Tolerance and is an optimization on the Byzantine Fault Tolerant algorithm. To quote Blockonomi: “In the context of distributed systems, Byzantine Fault Tolerance is the ability of a distributed computer network to function as desired and correctly reach a sufficient consensus despite malicious components (nodes) of the system failing or propagating incorrect information to other peers.” Zilliqa is such a distributed computer network and depends on the honesty of the nodes (shard and DS) to reach consensus and to continuously update the state with the latest block. If pBFT is a new term for you I can highly recommend the Blockonomi article.
The idea of pBFT was introduced in 1999 - one of the authors even won a Turing award for it - and it is well researched and applied in various blockchains and distributed systems nowadays. If you want more advanced information than the Blockonomi link provides click here. And if you’re in between Blockonomi and the University of Singapore read the Zilliqa Design Story Part 2 dating from October 2017. Quoting from the Zilliqa tech whitepaper: “pBFT relies upon a correct leader (which is randomly selected) to begin each phase and proceed when the sufficient majority exists. In case the leader is byzantine it can stall the entire consensus protocol. To address this challenge, pBFT offers a view change protocol to replace the byzantine leader with another one.”
pBFT can tolerate ⅓ of the nodes being dishonest (offline counts as Byzantine = dishonest) and the consensus protocol will function without stalling or hiccups. Once there are more than ⅓ of dishonest nodes but no more than ⅔ the network will be stalled and a view change will be triggered to elect a new DS leader. Only when more than ⅔ of the nodes are dishonest (66%) double-spend attacks become possible.
If the network stalls no transactions can be processed and one has to wait until a new honest leader has been elected. When the mainnet was just launched and in its early phases, view changes happened regularly. As of today the last stalling of the network - and view change being triggered - was at the end of October 2019.
Another benefit of using pBFT for consensus besides low energy is the immediate finality it provides. Once your transaction is included in a block and the block is added to the chain it’s done. Lastly, take a look at this article where three types of finality are being defined: probabilistic, absolute and economic finality. Zilliqa falls under the absolute finality (just like Tendermint for example). Although lengthy already we skipped through some of the inner workings from Zilliqa’s consensus: read the Zilliqa Design Story Part 3 and you will be close to having a complete picture on it. Enough about PoW, sybil resistance mechanism, pBFT, etc. Another thing we haven’t looked at yet is the amount of decentralization.
Currently, there are four shards, each one of them consisting of 600 nodes. 1 shard with 600 so-called DS nodes (Directory Service - they need to achieve a higher difficulty than shard nodes) and 1800 shard nodes of which 250 are shard guards (centralized nodes controlled by the team). The amount of shard guards has been steadily declining from 1200 in January 2019 to 250 as of May 2020. On the Viewblock statistics, you can see that many of the nodes are being located in the US but those are only the (CPU parts of the) shard nodes who perform pBFT. There is no data from where the PoW sources are coming. And when the Zilliqa blockchain starts reaching its transaction capacity limit, a network upgrade needs to be executed to lift the current cap of maximum 2400 nodes to allow more nodes and formation of more shards which will allow to network to keep on scaling according to demand. Besides shard nodes there are also seed nodes. The main role of seed nodes is to serve as direct access points (for end-users and clients) to the core Zilliqa network that validates transactions. Seed nodes consolidate transaction requests and forward these to the lookup nodes (another type of nodes) for distribution to the shards in the network. Seed nodes also maintain the entire transaction history and the global state of the blockchain which is needed to provide services such as block explorers. Seed nodes in the Zilliqa network are comparable to Infura on Ethereum.
The seed nodes were first only operated by Zilliqa themselves, exchanges and Viewblock. Operators of seed nodes like exchanges had no incentive to open them for the greater public. They were centralised at first. Decentralisation at the seed nodes level has been steadily rolled out since March 2020 ( Zilliqa Improvement Proposal 3 ). Currently the amount of seed nodes is being increased, they are public-facing and at the same time PoS is applied to incentivize seed node operators and make it possible for ZIL holders to stake and earn passive yields. Important distinction: seed nodes are not involved with consensus! That is still PoW as entry ticket and pBFT for the actual consensus.
5% of the block rewards are being assigned to seed nodes (from the beginning in 2019) and those are being used to pay out ZIL stakers. The 5% block rewards with an annual yield of 10.03% translate to roughly 610 MM ZILs in total that can be staked. Exchanges use the custodial variant of staking and wallets like Moonlet will use the non-custodial version (starting in Q3 2020). Staking is being done by sending ZILs to a smart contract created by Zilliqa and audited by Quantstamp.
With a high amount of DS; shard nodes and seed nodes becoming more decentralized too, Zilliqa qualifies for the label of decentralized in my opinion.
Generalized: programming languages can be divided into being ‘object-oriented’ or ‘functional’. Here is an ELI5 given by software development academy: * “all programs have two basic components, data – what the program knows – and behavior – what the program can do with that data. So object-oriented programming states that combining data and related behaviors in one place, is called “object”, which makes it easier to understand how a particular program works. On the other hand, functional programming argues that data and behavior are different things and should be separated to ensure their clarity.” *
Scilla is on the functional side and shares similarities with OCaml: OCaml is a general-purpose programming language with an emphasis on expressiveness and safety. It has an advanced type system that helps catch your mistakes without getting in your way. It's used in environments where a single mistake can cost millions and speed matters, is supported by an active community, and has a rich set of libraries and development tools. For all its power, OCaml is also pretty simple, which is one reason it's often used as a teaching language.
Scilla is blockchain agnostic, can be implemented onto other blockchains as well, is recognized by academics and won a so-called Distinguished Artifact Award award at the end of last year.
One of the reasons why the Zilliqa team decided to create their own programming language focused on preventing smart contract vulnerabilities is that adding logic on a blockchain, programming, means that you cannot afford to make mistakes. Otherwise, it could cost you. It’s all great and fun blockchains being immutable but updating your code because you found a bug isn’t the same as with a regular web application for example. And with smart contracts, it inherently involves cryptocurrencies in some form thus value.
Another difference with programming languages on a blockchain is gas. Every transaction you do on a smart contract platform like Zilliqa or Ethereum costs gas. With gas you basically pay for computational costs. Sending a ZIL from address A to address B costs 0.001 ZIL currently. Smart contracts are more complex, often involve various functions and require more gas (if gas is a new concept click here ).
So with Scilla, similar to Solidity, you need to make sure that “every function in your smart contract will run as expected without hitting gas limits. An improper resource analysis may lead to situations where funds may get stuck simply because a part of the smart contract code cannot be executed due to gas limits. Such constraints are not present in traditional software systems”.Scilla design story part 1
Some examples of smart contract issues you’d want to avoid are: leaking funds, ‘unexpected changes to critical state variables’ (example: someone other than you setting his or her address as the owner of the smart contract after creation) or simply killing a contract.
Scilla also allows for formal verification. Wikipedia to the rescue: In the context of hardware and software systems, formal verification is the act of proving or disproving the correctness of intended algorithms underlying a system with respect to a certain formal specification or property, using formal methods of mathematics.
Formal verification can be helpful in proving the correctness of systems such as: cryptographic protocols, combinational circuits, digital circuits with internal memory, and software expressed as source code.
“Scilla is being developed hand-in-hand with formalization of its semantics and its embedding into the Coq proof assistant — a state-of-the art tool for mechanized proofs about properties of programs.”
Simply put, with Scilla and accompanying tooling developers can be mathematically sure and proof that the smart contract they’ve written does what he or she intends it to do.
Smart contract on a sharded environment and state sharding
There is one more topic I’d like to touch on: smart contract execution in a sharded environment (and what is the effect of state sharding). This is a complex topic. I’m not able to explain it any easier than what is posted here. But I will try to compress the post into something easy to digest.
Earlier on we have established that Zilliqa can process transactions in parallel due to network sharding. This is where the linear scalability comes from. We can define simple transactions: a transaction from address A to B (Category 1), a transaction where a user interacts with one smart contract (Category 2) and the most complex ones where triggering a transaction results in multiple smart contracts being involved (Category 3). The shards are able to process transactions on their own without interference of the other shards. With Category 1 transactions that is doable, with Category 2 transactions sometimes if that address is in the same shard as the smart contract but with Category 3 you definitely need communication between the shards. Solving that requires to make a set of communication rules the protocol needs to follow in order to process all transactions in a generalised fashion.
There is no strict defined roadmap but here are topics being worked on. And via the Zilliqa website there is also more information on the projects they are working on.
Business & Partnerships
It’s not only technology in which Zilliqa seems to be excelling as their ecosystem has been expanding and starting to grow rapidly. The project is on a mission to provide OpenFinance (OpFi) to the world and Singapore is the right place to be due to its progressive regulations and futuristic thinking. Singapore has taken a proactive approach towards cryptocurrencies by introducing the Payment Services Act 2019 (PS Act). Among other things, the PS Act will regulate intermediaries dealing with certain cryptocurrencies, with a particular focus on consumer protection and anti-money laundering. It will also provide a stable regulatory licensing and operating framework for cryptocurrency entities, effectively covering all crypto businesses and exchanges based in Singapore. According to PWC 82% of the surveyed executives in Singapore reported blockchain initiatives underway and 13% of them have already brought the initiatives live to the market. There is also an increasing list of organizations that are starting to provide digital payment services. Moreover, Singaporean blockchain developers Building Cities Beyond has recently created an innovation $15 million grant to encourage development on its ecosystem. This all suggests that Singapore tries to position itself as (one of) the leading blockchain hubs in the world.
Zilliqa seems to already take advantage of this and recently helped launch Hg Exchange on their platform, together with financial institutions PhillipCapital, PrimePartners and Fundnel. Hg Exchange, which is now approved by the Monetary Authority of Singapore (MAS), uses smart contracts to represent digital assets. Through Hg Exchange financial institutions worldwide can use Zilliqa's safe-by-design smart contracts to enable the trading of private equities. For example, think of companies such as Grab, Airbnb, SpaceX that are not available for public trading right now. Hg Exchange will allow investors to buy shares of private companies & unicorns and capture their value before an IPO. Anquan, the main company behind Zilliqa, has also recently announced that they became a partner and shareholder in TEN31 Bank, which is a fully regulated bank allowing for tokenization of assets and is aiming to bridge the gap between conventional banking and the blockchain world. If STOs, the tokenization of assets, and equity trading will continue to increase, then Zilliqa’s public blockchain would be the ideal candidate due to its strategic positioning, partnerships, regulatory compliance and the technology that is being built on top of it.
What is also very encouraging is their focus on banking the un(der)banked. They are launching a stablecoin basket starting with XSGD. As many of you know, stablecoins are currently mostly used for trading. However, Zilliqa is actively trying to broaden the use case of stablecoins. I recommend everybody to read this text that Amrit Kumar wrote (one of the co-founders). These stablecoins will be integrated in the traditional markets and bridge the gap between the crypto world and the traditional world. This could potentially revolutionize and legitimise the crypto space if retailers and companies will for example start to use stablecoins for payments or remittances, instead of it solely being used for trading.
Zilliqa also released their DeFi strategic roadmap (dating November 2019) which seems to be aligning well with their OpFi strategy. A non-custodial DEX is coming to Zilliqa made by Switcheo which allows cross-chain trading (atomic swaps) between ETH, EOS and ZIL based tokens. They also signed a Memorandum of Understanding for a (soon to be announced) USD stablecoin. And as Zilliqa is all about regulations and being compliant, I’m speculating on it to be a regulated USD stablecoin. Furthermore, XSGD is already created and visible on block explorer and XIDR (Indonesian Stablecoin) is also coming soon via StraitsX. Here also an overview of the Tech Stack for Financial Applications from September 2019. Further quoting Amrit Kumar on this:
There are two basic building blocks in DeFi/OpFi though: 1) stablecoins as you need a non-volatile currency to get access to this market and 2) a dex to be able to trade all these financial assets. The rest are built on top of these blocks.
So far, together with our partners and community, we have worked on developing these building blocks with XSGD as a stablecoin. We are working on bringing a USD-backed stablecoin as well. We will soon have a decentralised exchange developed by Switcheo. And with HGX going live, we are also venturing into the tokenization space. More to come in the future.”
Additionally, they also have this ZILHive initiative that injects capital into projects. There have been already 6 waves of various teams working on infrastructure, innovation and research, and they are not from ASEAN or Singapore only but global: see Grantees breakdown by country. Over 60 project teams from over 20 countries have contributed to Zilliqa's ecosystem. This includes individuals and teams developing wallets, explorers, developer toolkits, smart contract testing frameworks, dapps, etc. As some of you may know, Unstoppable Domains (UD) blew up when they launched on Zilliqa. UD aims to replace cryptocurrency addresses with a human-readable name and allows for uncensorable websites. Zilliqa will probably be the only one able to handle all these transactions onchain due to ability to scale and its resulting low fees which is why the UD team launched this on Zilliqa in the first place. Furthermore, Zilliqa also has a strong emphasis on security, compliance, and privacy, which is why they partnered with companies like Elliptic, ChainSecurity (part of PwC Switzerland), and Incognito. Their sister company Aqilliz (Zilliqa spelled backwards) focuses on revolutionizing the digital advertising space and is doing interesting things like using Zilliqa to track outdoor digital ads with companies like Foodpanda.
Zilliqa is listed on nearly all major exchanges, having several different fiat-gateways and recently have been added to Binance’s margin trading and futures trading with really good volume. They also have a very impressive team with good credentials and experience. They don't just have “tech people”. They have a mix of tech people, business people, marketeers, scientists, and more. Naturally, it's good to have a mix of people with different skill sets if you work in the crypto space.
Marketing & Community
Zilliqa has a very strong community. If you just follow their Twitter their engagement is much higher for a coin that has approximately 80k followers. They also have been ‘coin of the day’ by LunarCrush many times. LunarCrush tracks real-time cryptocurrency value and social data. According to their data, it seems Zilliqa has a more fundamental and deeper understanding of marketing and community engagement than almost all other coins. While almost all coins have been a bit frozen in the last months, Zilliqa seems to be on its own bull run. It was somewhere in the 100s a few months ago and is currently ranked #46 on CoinGecko. Their official Telegram also has over 20k people and is very active, and their community channel which is over 7k now is more active and larger than many other official channels. Their local communities also seem to be growing.
Moreover, their community started ‘Zillacracy’ together with the Zilliqa core team ( see www.zillacracy.com ). It’s a community-run initiative where people from all over the world are now helping with marketing and development on Zilliqa. Since its launch in February 2020 they have been doing a lot and will also run their own non-custodial seed node for staking. This seed node will also allow them to start generating revenue for them to become a self sustaining entity that could potentially scale up to become a decentralized company working in parallel with the Zilliqa core team. Comparing it to all the other smart contract platforms (e.g. Cardano, EOS, Tezos etc.) they don't seem to have started a similar initiative (correct me if I’m wrong though). This suggests in my opinion that these other smart contract platforms do not fully understand how to utilize the ‘power of the community’. This is something you cannot ‘buy with money’ and gives many projects in the space a disadvantage.
Zilliqa also released two social products called SocialPay and Zeeves. SocialPay allows users to earn ZILs while tweeting with a specific hashtag. They have recently used it in partnership with the Singapore Red Cross for a marketing campaign after their initial pilot program. It seems like a very valuable social product with a good use case. I can see a lot of traditional companies entering the space through this product, which they seem to suggest will happen. Tokenizing hashtags with smart contracts to get network effect is a very smart and innovative idea.
Regarding Zeeves, this is a tipping bot for Telegram. They already have 1000s of signups and they plan to keep upgrading it for more and more people to use it (e.g. they recently have added a quiz features). They also use it during AMAs to reward people in real-time. It’s a very smart approach to grow their communities and get familiar with ZIL. I can see this becoming very big on Telegram. This tool suggests, again, that the Zilliqa team has a deeper understanding of what the crypto space and community needs and is good at finding the right innovative tools to grow and scale.
To be honest, I haven’t covered everything (i’m also reaching the character limited haha). So many updates happening lately that it's hard to keep up, such as the International Monetary Fund mentioning Zilliqa in their report, custodial and non-custodial Staking, Binance Margin, Futures, Widget, entering the Indian market, and more. The Head of Marketing Colin Miles has also released this as an overview of what is coming next. And last but not least, Vitalik Buterin has been mentioning Zilliqa lately acknowledging Zilliqa and mentioning that both projects have a lot of room to grow. There is much more info of course and a good part of it has been served to you on a silver platter. I invite you to continue researching by yourself :-) And if you have any comments or questions please post here!
What is the point of Futures contracts for retail traders?
I'm an options guy - hey, to each their own. Since I'm in the process of writing a series of posts on the route less travelled on options trading, I felt it would be best to get this first out of the way. When I first came across futures contracts on stocks, it didn't make any sense to me. Futures contracts behave in exactly the same way as the underlying asset with the added complication of having exposure to interest rates (typically, you can ignore this detail - this detail becomes relevant if you want to add options to the mix, especially so with currency derivatives). The one reason I heard of at that time (this was in 2004) - 'You get a lot of leverage with Futures!'. Sure, but this wasn't a big difference; I typically had to put down about 17% as upfront margin. IMO, this wasn't a good enough reason as this translated to a margin of 5.9x - heck, depending upon the stock, Sharekhan gave me a margin of up to 10x on even delivery trades (again, this was in 2004). If someone wanted to trade intraday, do it with stocks, why futures? It took me a while to get the point. When one wanted to profit off a rise in an asset's value - buy the stock, let it rise, sell - rinse and repeat. How do you profit off an asset's depreciation? You could short-sell the stock; but you had to close the position at the end of the day as there was no mechanism to borrow stocks in Indian markets. Any drop in the asset's value that happens overnight or over the weekend is beyond reach. Entre futures contracts. These things allow someone to keep the position open for an entire month. If you had inside information of the mess that was going on at Yes Bank, short-selling the stock was a horrible way of capitalising on it, opening a short position via futures contracts was the way to do it: you can squeeze the full extent of the drop, with leverage on top of it. Now, that little detail about exposure to interest rates being baked into the contracts, I'll get to that in the next post. When Bitcoin was at an all time high of around $20,000 per BTC, all the Wall St banks were in a rush to offer futures contracts on bitcoin. I told everyone who was willing to listen that this was the beginning of the fall. If Bitcoin was only going to rise, why would a bank offer a product to their customers on which the bank only stands to lose money. It only made sense for the banks to sell futures on BTC if it were to crash and burn, in which case the banks stand to make a killing on these contracts. And the banks made a killing when the crypto market crashed and burned. Nobody seemed to notice that the banks only sold BTC futures, none of them took on a short position on BTC if their customer wanted to short a BTC futures contract. If there were no derivatives on crypto, while everyone involved stood to gain from it rising, it was in no one's interest for the asset class to crash and burn. Now, people can profit off a drop in BTC valuation.
Hi everyone, It’s been a while since we’ve had a State of the Beta, so we’re in for a big one this time. I hope it helps shed some light on what we’ve been doing and where we’re going next.
Reflecting on Q2
Our team has been working incredibly hard across the last quarter in order to make quality of life improvements to not just the game itself, but the wider Gods Unchained experience. In the last quarter, we saw some major improvements to the new player experience arrive in the form of the Welcome Set, a complementary set of 70 unique cards that allow users to customize their starter decks from the get-go. There’s more to come in this space, the next being new tutorial content (which is in the works internally). Elsewhere, we made some adjustments to the Weekend Ranked Constructed event structure, to shift the focus from a pure grind to rewarding skill, and have continued to observe the data and user feedback from the event to inform iterations since its inception. Marketplace improvements were high-up on our Q2 list to get out ahead of the expansion, especially in regards to making trinkets and boards tradable alongside cards – all of which is currently done, dusted, and running smoothly. We also announced Immutable X, which is going to greatly increase our functionality and scalability moving forward - a huge priority for us over the year ahead. Not only will this eliminate some of the problematic aspects around gas prices when it comes to fusing, trading and more, but it will also make it much easier to mint assets. This quarter also saw a major focus on the visuals for GU, with the game boards and lighting for the game going through a major update. Though we’ve had to walk back the VFX update due to Unity 2018 issues, the revamp there will be live again soon along with an update to the card visuals as they switch from 2d to 3d. All of these changes added up help us better showcase the gameplay. In game development, there is also a class of update where – if done correctly – no one notices there’s been a change. This is embodied by the upcoming replacement of our underlying network code. If all goes well when it’s pushed live with the next update, it’ll slip under the radar because the game will simply perform as expected. Behind the scenes, these types of changes impact the PC and MAC versions of GU for the better, but are also key to the move towards Mobile. We also revealed the Mythic card for the upcoming expansion and how you can win it, along with laying down the lore for the season that’s about to kick off. It’s quite the epic story, and this is only the beginning!
Where does Trial of the Gods fit in?
Trial of the Gods is the first set in Season 1, which is known as the “Order & Chaos Season.” It won’t be the only one – there will be other sets released as part of this season in the future, adding to the overall story. Edit Note: I've edited the following section to add clarity to where Trial of the Gods will live in our Formats. At present we have a single Constructed Format calledStandard. This Format currently includes Welcome Set, Core, Genesis, Etherbots, and Promo Cards. When Trial of the Gods goes live it will be added to the Standard Format. Genesis holds a special place in the Standard Format as it isEvergreenand will always remain in the format. Standard is the Format we'll be running the upcoming World Championship in. In the future Trial of the Gods will rotate out of the Standard Format along with Etherbots and Promo cards. When they rotate out it will also coincide with the rise of the Extended Constructed Format, which will be a Constructed Format where we expect all GU cards to be playable. We expect in the future that when a set joins Standard it will also join Extended. There is the potential for Tournament play in this format in the future, though it is not guaranteed. Moving forward we may have other Constructed Formats that contain any combination of sets to create unique deckbuilding challenges. As a required disclaimer: we retain the right to ban cards from a format if there’s an absolute worst-case scenario, which is something we haven’t done and do not intend to do unless there’s no other way around it. As far as releasing Season 1 is concerned, we’re currently working on our payment platform before we launch the first set. Opening the market to credit and debit card purchases is a crucial part of bringing GU to mainstream audiences, as doing so greatly improves all parts of the game. Things like queue health, matchmaking, community engagement, economy etc. are all greatly improved by a larger playerbase, and we believe that Trial of the Gods is an important step along that path. It isn’t, however, the final obstacle on our path to taking GU mainstream. We know we still need Immutable X and other key features in place before we’ll be able to grow GU and reach mainstream audiences, and that means for Trial of the Gods we’re focusing more on meeting the needs of our existing players while growing the playerbase enough to provide us with data to make decisions by, rather than defining success as selling out the set. With this in mind, some may wonder about the impacts a more scarce pool of Trial of the Gods cards will have on the long term health of the game. We have plans to address this, which will be announced ahead of the season’s launch. This is the final hurdle we need to conquer before Trial of the Gods is released. It’s a big one, but once we’ve overcome it – it’s go time. Working on this set has been a labor of love across the team and we can’t wait to get it into players’ hands.
The future of GU’s competitive landscape
One of the other questions that we commonly receive is around the World Championship and our plans in that area. This is something that we’ve been actively working on internally, but have had to refactor much of our initial thinking around this in light of global travel bans and other limitations to large-scale physical events. It’s looking likely that this will need to move to an online format, but we’ll expand on this in the future with more of the details ironed out. You’ll still need a Tournament Pass in order to enter. The prize pool is currently sitting around the $570,000 mark, and we’re aiming to have the prizes spread more deeply amongst competitors and not just concentrated on the top spots alone. There’s a lot of work that needs to be done to accomplish this on the scale that we require with up to 20,000 potential entrants, but we can’t wait to share more with you in the future. One of the requisites that we need for the World Championship is the ‘Direct Challenge’ feature, otherwise known as 1v1. We’ve shared previously that production has commenced in this area, and we’re currently aiming for it to land in players’ hands shortly after the launch of Trial of the Gods. The team can’t wait to see what kinds of events you all come up with! To this end, we hear many of you in that the current state of matchmaking, especially in ranked events, isn’t ideal. It’s not always easy to get players of the same level together 24/7, but as we continue to develop our systems and expand our playerbase throughout the beta we expect that this will help to alleviate the issue. The tension is always between queue length and queue quality, and at the moment if we want to greatly improve queue quality we’d need to adjust queue times to lengths players simply won’t wait for. This bias can also feel skewed because matchmaking cares about the total length in time of the first person in the queue. If someone with a different rank than you has been waiting for a time for a match, it can mean you match quickly with them. We will run some experiments around changing some matchmaking variables to skew more towards quality after the release of Trial of the Gods. Another area where we’re making solid progress is on our mobile prototype of Gods Unchained. We’ve recently added some new faces to the Immutable team to help us on that front, and have gotten the ball rolling in terms of development. It likely won’t be ready for a while yet, but we’re excited about making GU more accessible for players on-the-go!
The Proof is in the Priority
This past May I made it through the 20 year mark for my career in gaming. Having worked on online games for almost all of that, and having engaged with the community on games that have lived for over a decade, I know a few truths. One of them is that the most engaged members of a community will eventually transition to the final stage of their love of the product, and that is player vs. developer. This is one of the hardest parts of being a developer, seeing someone who you’ve listened to and interacted with begin to question all the choices you have made and the quality of what you have delivered. Sometimes this lasts days, sometimes weeks, and sometimes even years. Immutable and Gods Unchained are still young, but for many who have been with us since long before I joined about a year ago, promises made remain unkept and this has led to justified frustration. Be it with issues around Genesis promises, Etherbots Redemption, CryptoKitty Trinkets, or any feature that they feel should be complete by now. The past year for me has gone by in a flurry of changes to the game, but for those still waiting on certain features I understand it can feel like it has been an eternity. I thank you for your patience, and for those who are at their wits end I understand. A game development project isn’t so simple as just shipping one feature or element one after the other in an endless feature factory supply chain. At any moment of time, a complex tapestry of projects is in flight, revisions, and maintenance. Depending on the capacity of the team, some of lower priority move far faster than those of higher priority. Some features have dependency chains that block them all-together no matter how important they are, and though the team has grown there are still limits to how fast quality features can be delivered. Even features that seemed complete like fusing during Genesis were missing key blockchain elements which have delayed their final delivery in practice. I make no excuses for where we’re at in delivering on our past commitments, but know that they are important to both me and the team and that the priority of everything we’re working on delivering is tailored from my experience with game development to deliver for all of our players and supporters. When you don’t agree with it please continue to provide your thoughts, they are important in reminding me and others of the cost of the choices we make and they are appreciated.
This past year has been full of deep learning about what it will take to blend the world of blockchain with that of gaming. Some parts have worked, and others have shown that we need to take a completely different approach. At Immutable we pride ourselves in being scientists, and we’re looking to apply what we’ve learned through trial and error over the quarter. Our aim for the months ahead is to set ourselves up with everything we need in order to scale the game, playerbase, and the Play to Earn experience. As a team, we’re forging ahead over a lot of ground that hasn’t been trodden before, and we will continue experimenting and learning as we go. The more people we can introduce to the paradigm-shifting importance of true ownership that blockchain brings, the better. That’s our key mission here at Immutable, and we thank you all for coming along for the ride. Sincerely, ClayGame Director for Gods Unchained
Continue the discussion below, any post from the list grabbed your attention this week, made an impression within the context of FIRE, maybe presented additional questions or an opportunity for further discussion here.
Reddit app allows sideways navigation to view across the table
I'd love to trade during weekends but there is nothing to trade. Things like crypto have very high fees which makes it impossible to trade on 5-30m timeframe which I prefer. Is there any broker in Europe that has cheap crypto trading or something else that is open 24/7?
(Sadly this is apparently moot now since as soon as I ended the trial they yanked the early bird offer back; couldn't pay even if I wanted to.) I am (or was) trialing TradingView Premium which supposedly offers priority support, including by phone from what I've seen mentioned. Had some health+life issues and couldn't get working on my device. Filed a support ticket and reached out on Twitter as well, asking for a few more days so I could try out with live market data. Imagine my surprise not to hear back at all for multiple days. So I elected not to renew after the trial (with radio silence, didn't trust them not to bill at midnight UTC). Imagine my further surprise when it immediately deactivated every trial feature and, on top of that, yanked the early bird offer. Even if I click the "last chance - act now" button from another open window it redirects to the full price. If they'd replied, even with just the single word "no", I would likely go ahead and accept the early bird offer and sign up for Premium yearly + data feeds. (I'd signed up for another service that might offer me the same, but haven't been activated yet, so was just in a time as well as budget crunch.) But I'm surprised and disappointed in the level of service I would get even as a Premium user and they're not making the case, especially when one of the key use cases is forex/crypto/futures which do run on the weekend. And now they won't even take my money. It feels petty.
Coinbase withholds my money without explanation and without response.
u/justin_coinbase I have my Coinbase account inexplicably blocked for many days, countless unanswered tickets, appointments on social networks, I am totally frustrated with your service. Thousands of dollars blocked and without any response. I know this shouldn't be the channel for this case, but I'm totally desperate. I am considering starting a legal claim with all the existing resources. Please, if you can transfer the urgency of my case to the corresponding department, I would greatly appreciate it. Update 19th of June: After 8 long days of not being able to access my account with a login message of "Your account is temporarily disabled" and after countless support tickets and attempts to contact all existing routes (including this one). I have received a response saying that a Coinbase specialist is reviewing my case. I will keep you informed of the case, this account lock is causing me many losses in my daily crypto operations ... Update June 22: It has been 13 calendar days since my account lockout, I am still waiting for a solution, I have not been contacted by Coinbase support again, it has been a weekend in between but I hope this is fixed this week. I will keep updating the case. Thank you all for your support Final update June 25: After 18 long days of uncertainty, finally the "specialists" of Coinbase have decided to close my account because I am supposedly including its terms and conditions (They don't tell me exactly what), but boy, all the use has been purely commercial, (trading), I guess they don't want good customers. I have been able to withdraw all my funds without problem. Bye Coinbase, this is the end of our story that started in 2014. Until never #DELETECOINBASE +1
Okay so here's my problem. About 7 days ago I was making a few deposits last weekend. I ended up having a issue when the ACH came in 4 days later instead instantly like the rest had. The ACH ended up Bouncing and creating a charge back hold on my account. I can not trade or even withdrawl crypto that I provided and brought to the exchange. I sent a wire two days ago and it cleared yesterday and after spending all day helping them find it. I was told he would notify finance department to take the hold off my account and I'd here what was next soon. What I dont understand is why my account hasn't been lifted of any holds when its been paid and shows completed in the history. At the moment I have a few thousand being held hostage and iv ran out of ideas. They are no longer responding via email and I was kicked out the telegraph group for asking the female CEO to please release my account that the dispute was over. Havnt herd anything still today and I'm worried I wont ever get my coins back.
Closed Coinbase account and funds missing after more than 2 years of being a faithful user
[EDIT: Long story short:] If your Coinbase account gets closed and you have some funds (crypto or fiat) on Coinbase Pro, chances are you won’t be able to withdraw those funds right away. They have to manually transfer the funds to your Coinbase account so you could withdraw them. [Full story:] I’m a Coinbase Pro user since it was still Gdax and I was a huge fan. I’m an active but non-professional trader and I own accounts at more than one exchange, yet, to all of my friends and family who showed interest in investing or trading with crypto, I always recommended Coinbase Pro. About 10 people have opened or are about to open their Coinbase Pro accounts based on my recommendation for their first encounter with crypto. Then, a few days ago, I received a letter of ‘gratitude’: NOTICE OF ACCOUNT CLOSURE. After the initial shock and a normal human reaction to apologize if I did something wrong, to try to find out what was the problem and to try to resolve the issue, I quickly realized, after contacting the Coinbase support, that that’s not going to happen:
“for security reasons we are unable to elaborate on our internal decision process”.
Being a huge fan and a supporter, I was a bit heart-broken. But soon, using my reason instead of my feelings, I made peace with that. I realized that I’ve probably somehow triggered a red flag in an automated algorithm which increased my risk analysis a bar too high and... off I go.In the eyes of Coinbase I was now being viewed as a risk they need to mitigate, not as a desirable user. They don’t hate me - they just can’t trust me anymore. Fine.They needed me to transfer my assets from my Coinbase accounts. But when I tried to do that, I was in for another big surprise: about 90% of my assets were gone! BTC and fiat balances were flat-out zero. I did have access to some of my other currencies and have successfully withdrawn them. But that was only a small percentage of my portfolio. My efforts to find out what happened to my BTC, fiat and some other currencies always gave the same result:
“...we are no longer able to support your Coinbase account...”“...we have not blocked access to the balance currently in your Coinbase account...”“... you may still send your balance offsite to an external address...”
Yes, but what about the balance that is missing from my account and it was there before the closure? The closest I got was when they replied:
“We have transferred your case to a specialist who will be able to assist you with this specific issue.You will be contacted directly as soon as we have reviewed your case.”
But the next answer was the same generic answer I received before... I started to suspect that my account was breached prior to closure and that someone spent all of my fiat and stole my BTC. I’m totally fine if Coinbase halted my BTC and fiat for the inspection purposes, as it’s written in the User agreement. I’m all for preventing terrorism and money laundering, even if that means that they need to check me from time to time, but I need to know that that’s what’s happening, that I wasn’t robbed by someone. I need to know what currency my funds are being held in, if they are being held, to be able to adjust my trading activities to minimize the losses. I also tried to download the trading reports, to be able to calculate and pay the taxes, but the button for generating reports on the ‘Close account’ page doesn’t seem to work. Although I might sound like some big-time trader with money to throw, that is actually not the case. Most of my portfolio was on Coinbase Pro, because I trusted it the most, and it was worth a few years of hard-earned savings from my day job. I was a big fan but will I stay one - it all depends on how this issue will be handled and, hopefully, resolved. Any help in finding out what happened to my money and, perhaps, getting my transaction history would be greatly appreciated. With love, still,rubi510 [UPDATE, some 12 hours later]: About 3 hours into posting the original post, I was contacted by u/justin_coinbase (only trust these guys from CB on social networks) and he offered help. I’ve sent him my ticket # and got a reply about 2 hours later: He assured me that they will investigate what happened and that they’ll get back to me. This gives me some comfort that my issue will be addressed in a reasonable timeframe. I’m thankful for Justin’s help and will now give some time to CB to investigate. I know I’m not the only one who needs their assistance. Thank you all for the words of advice, encouragement and support, but also for the words of criticism. I appreciate it all. Will keep posting updates here. Much love, rubi510 [UPDATE, about 4 days later (it was a weekend)]: Good news! I received an e-mail saying:
"We have moved your *** balances from your Coinbase Pro account to your Coinbase account. You know have access to your balances"
And, indeed, all my money was there and I was able to transfer it to my accounts on other exchanges and I've sent fiat to my bank. That was a BIG relief. At the time of writing my fiat has just been sent so it is still on the way to my bank, but all other balances were successfully transferred. I just wish that somebody from Coinbase support could’ve told me that my money is inaccessible because it’s stuck on Coinbase Pro and will be available in a few days...Or if the e-mail notification about closing my account was more informative - they could have saved a week of my nerves and probably a good amount of their time writing (uninformative) answers to my numerous e-mails while I was panicking about the whereabouts of my money. Soon after I transferred all my funds, I received a final e-mail notifying me that my account has been successfully deleted. Gentleman or lady that sent me the last e-mail notifying me that my funds are accessible has politely offered to assist me:
“Please let me know if I can assist with anything else”.
So I asked if I could get the transaction history, so I could calculate my taxes.Also I asked if I’m banned for life or there is a chance for me to reapply sometime in the future. Will post the answers here. Once again, thank you all for the support, advices and constructive criticism and special thanks to u/Crypto-MN who shared his similar experience and offered an explanation while I still didn’t know what’s going on:
“This exact same thing happened to me ... while I was at work trading ... I have read your post and the reasoning I believe that you cannot view your funds is because Coinbase Pro and Coinbase Consumer have separate wallets. I am having the same issue.”
Love, rubi510 [UPDATE, 1 day later]: I received a transaction history via e-mail, but for the wrong time period. After explaining what I need again, I received a correct transaction history. So, that’s good. I’ll be able to calculate my taxes. I repeated the question about the possibility of reapplying for Coinbase services at a later point, but received no answer about the issue. So I assume it’s a ban for life :-/ Dear Coinbase, thank you and good bye.
AEM Developer\)link\) CAI engineering, dev, digital nomad
Engineering Manager\)link\) Playco · Remote, Seoul, Tokyo, Mountain View, San Francisco
Sr. Backend Software Developer\)link\) We ❤️ people who code tech
Senior Software Developer\)link\) Betting Entertainment Technologies engineering, dev, senior, digital nomad
Full Stack Senior Web Developer Small Company\)link\) nxtedition engineering, full stack, dev, web dev, senior, digital nomad
Community Support and Marketing Manager\)link\) ClassDojo · USA Only sales-marketing, marketing / sales, social media, teaching, facebook, sales, customer success, customer acquisition, marketing, content marketing, distributed systems, copywriting, blockchain
[WTS] A totall of 1.18 oz of AU and 13 oz of AG looking for a new home
This TGIF story is accompanied by a pic, and brought to you by Niceguy™: Let's say you have USDC or DAI sitting in your crypto wallet, and you say to yourself: "Jim (or Sally), you know what be better than having some crypto hanging around on a blockchain I can never touch? Why 1.1822 oz of fine gold that I can fondle! And it's better than buying any old 1 oz bar or coin, because it's divisible into 6 parts!" Or maybe you say to yourself "Larry (or Heather), I have a triangle-shaped hole in my life, that can only be closed by a bar of pure silver. Alas, they only make them in rectangle shapes! What I wouldn't give for such a triangle! Perhaps even 315 USDC (OBO)!" Finally, maybe you think to yourself "Mike (or Andrea), I wish I could buy those gold coin and triangle candy, but alas, I blew all my money on Murder Hornets bars. I only have $84 left. I wish I could buy some exotic bullion with it. Maybe 2 Solomon Islands 1.5 oz coins, so I can feel some chunkiness in my life". Well, if you identify with any of the above stories, first of all, stop talking to yourself. Second - you came to the right place! Here are the items for sale today:
A gold lot (really want to keep it as such) containing 1.1822 oz. Price: $OLD crypto, or $OLD!!!Lot consists of:
5 x 1915 Austrian Ducats (0.1106 oz)
1 x 1986 Dutch Ducat (0.1106 oz, though I've seen one online vendor listing it at 0.1104?)
2 x Danish Kroners (0.2593 oz)
DHF "The Wedge" triangular silver stacker, with serial. I have more but not sure how to price a lot.Price: 315 in crypto or $330.
A lot of 2 x Solomon Islands 2017 Lady Liberty. 1.5 oz of chunky, finger-licking-good silver.Price: 80 in crypto $84.
Payment: crypto preferred (if you couldn't tell so far 😊), PayPal FF and Google Pay accepted. Trades: Other gold? Sovereigns etc. Offers: I will entertain reasonable offers (and be entertained by unreasonable offers 😁). Shipping: $8 for SFRB, $4 for First Class. USPS is encountering longer delivery times on non-priority items, so take that into account.Insurance and signature available on your dime. Caveat: I pack well, and ship fast (these will go out tomorrow), but once USPS scanned your item, all I can lend is moral support. While I do see slower deliveries (to and from me), eventually everything gets there. And that's it; hopefully you enjoyed your weekend WTS prose. Let me know if you like the style (I always try new things), or abhor it so much that I should stick to my day job (as head writer for cheerfulobits.com). ------------------ Most importantly: please stay safe and healthy. Take care of your family and loved ones. We'll all get through this. I love you all 😘, and have a great weekend!
Good Evening! Hope everyone had a good weekend and made it through Monday okay! ALL PRICES ARE IN PAYPAL G&S. If you would like to pay F&F, you can subtract 3%. I can accept Paypal, Venmo, Cash App, Apple Pay... and crypto if you feelin' futuristic. Bestech Sky Hawk (A+) Titanium framelock flipper with S35VN steel. Bestech is made in the same OEM that makes VERO Knives. I think they're comparable quality to CRK and Reate. Certainly better than We Knives and a ton better than Kizer. Factory anodized handle. Blade is perfectly centered and drops shut with a shake. Fires open like a rocket. Comes with pouch, microfiber and box. Current $196 at BHQ. Photos and Action Video: https://imgur.com/a/pN8W12j SV: $145 TV: $165 (Ships tomorrow!) Civivi Durus in Orange G10 (B+) D2 blade steel. Orange G10 handle. Shows no signs of wear but believe it's been carried once or twice. No packaging. Centered. Drops shut with a shake or two. Deep carry pocket clip. Looks new. Functions the same. Photos and Action Video: https://imgur.com/a/LY45qGr SV: $48 (Ships tomorrow! No trades, please.) Civivi Durus in Brown G10 (A+) D2 blade steel. Brown G10 handle. Brand new in box with pouch, microfiber, paperwork, etc. Centered. Drops shut with a shake or two. Deep carry pocket clip. Photos and action video: https://imgur.com/a/5GWBQzU SV: $55 (ships tomorrow! No trades, please.) Kershaw Link (A) Model number 1776BW. Made in the USA. Assisted opening. Perfectly centered. No packaging. Photos and Action Video: https://imgur.com/a/hZRkN0N SV: $25 (Ships tomorrow! No trades, please.) Gerber Flatiron (A) Wooo, getting worn out on descriptions lol. Opened package but new, never cut or carried. Black aluminum handle. Photos: https://imgur.com/a/HnMx14R SV: $22 (ships tomorrow! No trades, please.) CF Elite Bugout Scales (2 Sets) (A+) 0 of 2 sets still available! I took these off a brand new cf elite bugout. Never been carried, taken off right after I opened the new knife. They are flawless. This is the upgraded new scales with cf injected into the mold so they have improved rigidity. Only available from Benchmade in black right now, as seen with these. They cannot be dyed another color, unfortunately. Photos: https://imgur.com/a/1GjPws7 Lowering price on these as I have too many... SV: $33 per set (Ships tomorrow! No trades, please.) OR... pay $38 now, send me your knife, and I will clean, install, and tune your bugout and mail it back (price includes return shipping back to you). Weeeewwwwww, thanks for looking! Comment or PM with any questions.
Bitcoin Whales Bought the Dip, Data Shows as $1.2B Leaves Exchanges
Bitcoin (BTC) exchanges lost 100,000 BTC during the weekend’s price crash, data shows — and that’s a bullish sign. Figures from on-chain monitoring resource CryptoQuant on Aug. 5 tracking exchange balances show a dramatic drop occurring just after BTC/USD shed $1,200 in minutes. BTC exchange reserves hit major lows Prior to the turbulent weekend’s trading, […]
Cryptocurrency trading has become really popular in the past years. It’s growing more ever year. Many big trading brokers have already added some of these cryptocurrencies. Everybody can sign up and start trading Bitcoin or other crypto coins. This is the easiest and probably the simplest way to invest in cryptocurrency. Dear Clients, In order to improve our services and ensure customer satisfaction, Fxglory will offer cryptocurrency trading on weekends from 11/07/2020. The Market for pairs such as BTCUSD, BTCEUR, ETHUSD, BCHUSD, XRPUSD and LTCUSD will be open from the mentioned date. Please note that this new extension is on trial and we might encounter technical issues within the first months of its operation. Cryptocurrency Weekend Trading offers the same spreads, zero commission and real-time trading, with all Markets.com risk management tools at your disposal. Discover the immense potential of trading these cryptocurrencies – now available during weekends as well! Crypto companies, too, choose Mondays for announcements and a lot of traders could be trying to get ahead of the news deluge by trading over the weekend, said Tawil. Day traders who use breakout, trend-following or counter-trend strategies will likely find that the trading costs on weekends are too high. Still, just like their swing and position-trading peers, day traders can use weekends to analyse the market for possible day-trading setups that might be triggered the next day.
I Tried Day Trading Bitcoin for a Week Beginner Crypto ...
COULD WE SEE A HUGE DROP THIS WEEKEND!?Crypto price prediction, trading - Duration: 19:53. Crypto Savy 2,589 views. New; 19:53. Beginner Swing Trading with the TTM Squeeze - Duration: 21:36. Crypto Trading during weekends #2! Who wants to trade during weekends? Hello Friends in this video I have Tried to trade during weekends, so I have chosen Crypto assets, I have also shown how you ... Cycle Trading Weekend report Previewp http://ntvforex.com/news/?id=3eb6e9. . 7 26 2020 2 37 35 PM . . . The Dollar The dollar broke below the previous dail... Personally i don't trade on weekends. But as you can see from today's review & results, its great to know Crypto Masterbot is always available for beginners who want to get involved in online trading. Easily Make $100 Day Trading Cryptocurrency On Binance Beginner - Duration: 16:24. CryptoJack 246,336 views. 16:24. Mix Play all Mix - CryptoJack YouTube; Day ...