IOTA: Pushing through the FUD to dominate the Internet of Things

IOTA, currently the #10 largest cryptocurrency by market cap, has been withstanding a barrage of bad press and FUD (Fear, Uncertainty, Doubt) over recent months.

IOTA coinmarketcap

There are a number of reasons for the FUD surrounding the IOTA project, so let’s go over them.

1) Problems with the IOTA Wallet

Bitcoin.com released an article about a month ago titled “IOTA Attacked for Subpar Wallet Security Following $4m Hack”. This title alone is a FUD-bomb.

What’s interesting to note, is that this is the ONLY article about IOTA on Bitcoin.com. Can you say “Conflict of Interest”?

As IOTA is potentially one of the largest long-term competitors to Bitcoin and other major cryptocurrencies, it’s safe to say these journalists have some sort of bias towards IOTA’s success.

Debunking the Bitcoin.com FUD

Neither the wallet nor the Tangle (IOTA’s ledger) are in any way at risk — people lost their money because they used phishy internet sites to create their seed for IOTA’s wallet.

Although IOTA’s tech is in no way at fault for the investor losses, it is true that it would have been better if the wallets generated their own seeds for users.

In the latest update, the IOTA Wallet now displays a warning for users to not use online seed generators.

IOTA Don't use online seed generator

As an actual user of the IOTA Light Wallet myself, I have to say it is one of the worst user experiences out of many different wallets I’ve used for different coins.

Overview of the Light Wallet

You can download the latest versions of the IOTA Light Wallet here at their github for Windows, Mac, etc. You must install the wallet to your computer and generate an 81-character seed with only the letters A-Z and the number 9.

Why they excluded the other eight numbers is beyond me, but an 81 character seed with 27 options for each character is still strong. There are 80 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000* possible combinations for an IOTA seed.

(*combinations calculation corrected thanks to u/bambinka)

Once installed, here is what the light wallet looks like once you’re inside.

IOTA Wallet

If you’d like to send IOTA from an exchange like Binance to the wallet, you’ll need to click the “Receive” button and generate an address to attach to the tangle.

Attach to Tangle

To receive IOTA in the light wallet, you simply attach the generated address to tangle by clicking the purple button and copy this address over to your exchange wallet to send the funds. Simple enough.

Light Wallet Updates and Disappearing IOTA Balances

Now here’s where things get a bit hairy for the IOTA Light Wallet. Whenever you update your wallet, you need to reattach all of your addresses to a new node on the tangle.

Upon opening an updated IOTA Light Wallet, many users are stricken with panick when they see their zero balances.

If you sent IOTA in separate amounts to your wallet, for example ten times, you will need to reattach each of those ten addresses and you will see your IOTA balances trickle in as you labor through the process.

Aside from the inconveniences, the IOTA wallets have never been attacked or compromised in any way.

2) The MIT DCI  Report

dci-vs-iota

Back in December there was major FUD about a report put out by the Massachusetts Institute of Technology’s Digital Currency Initiative (DCI).

On Friday, MIT Technology Review published an article on the cryptocurrency IOTA. The headline stated that the currency “could outperform Bitcoin.” However, we here at the MIT Media Lab have issues with the story. Specifically, my colleagues in the Digital Currency Initiative (DCI) recently uncovered a gaping hole in IOTA’s software. And while that flaw has now been patched, we certainly disagree with reporter Michael Orcutt’s assertion that IOTA is “secure.” As the Director of the MIT Media Lab, I felt it important we outline our specific concerns. 

One of the main attacks against IOTA in this DCI report was that IOTA’s high-profile business relationships, such as Microsoft are “nebulous”.

The partnership with Microsoft was super hyped in the media. However this was not IOTA’s doing. Microsoft clarified that this was not IOTA’s mistake and used the term “partner” themselves.

 Microsoft partnered with IOTA

3) IOTA is not “tamper-proof” because it uses a centralized coordinator

The function of the central coordinator in early stages of the IOTA network was transparently communicated since day 1.

The IOTA team has explained that the coordinator is a temporary measure to bootstrap and protect the network during its infancy.

Once there are enough full nodes and transactions to secure and sustain the IOTA network, the coordinator will be removed.

4) IOTA’s hash function is vulnerable to attacks

The DCI’s attempt in creating a vulnerability is extemely unlikely, because the DCI group’s theoretical situation considers the victim is:

(a) BOTH dumb enough to follow obviously malicious instructions from an unknown attacker AND capable enough of coding IOTA transactions by hand

OR

(b) Dumb enough to enter their seed into a malicious piece of software provided by the attacker.. if you give someone your seed for ANYTHING, you’re screwed.

When confronted about the practicality of the attack, DCI decided to mislead the public into believing the IOTA network had a vulnerability, rather than address the practicality issue.

It’s also important to note, before giving any major weight to what is said from an organization attached to the MIT brand, that DCI is only very loosely associated with MIT.

MIT’s DCI: A group of academic fraudsters and Zcash shills?

DCI is kind of like a student club within a school. They don’t represent the official views of MIT.

What they actually accomplished with the IOTA report was academic fraud.
  • They presented a “vulnerability” using a scenario that is ridiculously unlikely.
  • They also refused to release the code as proof to the IOTA foundation.
You might wonder why DCI engaged in such academic fraud? Conflict-of-interest.
  • The researchers are involved in competing projects like ZCash
  • DCI gets funding from Bitcoin Club. 

IOTA: Pushing through the FUD towards dominance

Although the devs at IOTA are totally surprised that IOTA has met so much opposition, they are focused on moving the project forward to realize IOTA’s vision.

IOTA’s technology enables companies to explore new business-2-business models by making every technological resource a potential service to be traded on an open market in real time, with no fees.

IOTA is building a strong network of business partners

While some still try to discredit ’s research and development, those with a keen eye for what makes businesses succeed can see what the future has in store for IOTA. The IOTA Volkswagen Partnership is one example.

People tend to forget that VW is the biggest car company in the world. Here’s their portfolio of brands to remind you what we’re talking about here.

vw-brands

Volkswagen is the biggest car company in the world with a market cap of over $80 Billion USD. They manufacture over 10 million cars per year, that may well be suited with IOTA tech one day soon.

This is from the main stage at Bosch Connected World.

Volkwagen cooperation with iota

The city of Taipei partnering with IOTA to adopt the technology is also major news for the project.

 Conclusion: making sense of the FUD

Some coins and their development teams consider IOTA a real threat (why else would a BTC developer or LTC founder post such tweets?). Don’t underestimate the power of FUD. It’s a very powerful way to cast doubt on projects.

The people who do see IOTA’s potential want to buy as cheap as possible so they do what they can to bring the price down, including spreading FUD.

IOTA produces it’s own type of FUD with its disruptive potential

FEAR from those who do understand IOTA’s potential to impact their interests in other projects.

UNCERTAINTY because if IOTA succeeds, they may be poorly positioned.

DOUBT from those who believe they have safely invested in other coins but can see IOTA winning the race for IoT dominance.

For more on what IOTA is and how it works,  check out the iota foundation blog and the  whitepaper

IOTA DECENTRALISED INTERNET OF THINGS TOKEN
IOTA | Hold on For Dear Life T shirt on artist shop

Always DYour Own Research.

Monero (XMR) Holders will receive 10 MoneroV (XMV) in Hard Fork expected March 14th

MoneroV (XMV) is a private, untraceable, finite and secure cryptocurrency fork of the Monero (XMR) blockchain. A hard-fork split will occur at block 1,529,810 (est. March 14th, 2018) when MoneroV miners will start to create blocks on the new network.

The MoneroV blockchain will contain the history of all Monero transactions up until block 1,529,810 and all Monero (XMR) holders will receive MoneroV (XMV) in the rate of

1 XMR = 10 XMV after the fork.

Sounds great, so where’s the Pump?

Monero (XMR) has had a long-standing history as a Top-20 cryptocurrency, usually ranking somewhere between the #10 and #15 spot for extended periods of time.

Monero Coinmarketcap

Monero’s current rank is #12 with a market cap of $4.8 Billion and price of $302 USD.

The USD price of XMR has traded as high as $470 USD.

XMRUSD

Yet, today the price of XMR is a mere $300, down over 1/3 from it’s all time high.

It’s important to note however, that XMR has significantly outperformed BTC since our all-time-highs in December. As you can see in the XMR/BTC pair, the Monero price trend is positive and appears quite healthy from a Technical Analysis point of view.XMRBTC

When you overlay the two and compare % changes since November 2017, you see that Monero is still up 146%, while Bitcoin (represented by the red line) is up only 65%

XMRUSD with BTCUSD

XMV fork is Bullish for XMR’s price

Monero has performed well in recent months and in anticipation of the Fork. However the incentive to hold Monero for the fork may very well send the price up further. Investors and traders alike will want to acquire more XMR to exploit the fork.

Coin Features:

  • Capped: MoneroV adheres to core Austrian school of economics principles by capping the total MoneroV coins that can be created, parting with Monero’s infinite coin supply structure.
  • Secure:  Decentralized peer-to-peer blockchain transaction consensus enables MoneroV to be secure and reliable.
  • Private:  MoneroV is truly anonymous and private. Sending and receiving addresses are obfuscated, as well as all amounts being transferred in all transactions. Your identity cannot be linked or traced to a transaction on the MoneroV blockchain.

How can I get MoneroV?

Anyone holding Monero during the fork at block 1,529,810 (~14th March) will receive MoneroV coins (XMV) in the rate of 1 XMR = 10 XMV. As an example, if you hold 1 Monero coin (XMR) prior to the fork, you will own 10 MoneroV (XMV) after the fork.

If a third party stores your Monero coins, like an exchange or a custodian wallet service, you will need to inquire with them about your MoneroV coins.

Any secure wallet where you control your private key will work for receiving MoneroV.

How is MoneroV different than Monero?

  • MoneroV has a limited supply of coins in contrast to Monero’s infinite coin supply.
  • MoneroV and Monero’s proof of work algorithms are on a different development path, as MoneroV’s will focus on mitigating the mass use of botnets and unsuspected browser-based miners.
  • MoneroV will have an active development fund that would be used for rapid development and feature integration versus Monero’s voluntary donation based development process.
  • In addition, MoneroV will implement new protocols that will solve the scaling problems facing Monero and other cryptocurrencies such as Bitcoin. In-depth detail is included in the MoneroV roadmap: https://monerov.org/MoneroV-Roadmap.pdf.

MoneroV Coin Specs:

  • Total Supply – Capped at 256 Million XMV.
  • Circulating Supply at Hard Fork Split – 158 Million XMV (10x circulating XMR supply).
  • Proof of Work – CryptoNight (to be modified)
  • Difficulty Retarget – Every block. Adjusted difficulty initially after the split.
  • Block Time – Every 2 minutes.
  • Block Reward – Smooth decrease. Minimum of 6 XMV per block at 184,467,440 XMV in total emission until 256M max supply reach.
  • Block Size – Dynamic.
  • Privacy – Ring signature / stealth addresses.

Always Do Your Own Research. Hold on for dear life.

Official Website:
https://monerov.org

Blockchain Explorer:
https://monerovexplorer.com

Github (Repository roll-out):
https://github.com/monerov

Telegram:
https://t.me/joinchat/H4TZNQ98QfDGejxJY0CvhQ

Twitter (Community):
https://twitter.com/monero_v

Ethereum Classic Callisto (CLO) Airdrop/Fork Expected March 2-5 (2018)

The Callisto Airdrop is expected to occur for Ethereum Classic (ETC) holders between March 2nd and 5th, 2018. People holding ETC during a snapshot taken at block 5,500,000 will receive free CLO tokens at a 1:1 proportion to their ETC holdings.

Airdrops and Forks are one the best aspects of hodling. Free money.

Free Money

How to Claim your Callisto (CLO) Tokens

Hold Ethereum Classic (ETC) in a wallet where you control your private keys such as MyEtherWallet or Metamask prior to the snapshot being taken during block 5,500,000. Once you have received the tokens after the snapshot is taken, check your CLO token balance and you should have received the airdrop.

Is it an Airdrop or a Fork?

On one hand its a fork in most ways, as parities are as of now connected with addresses, so there is nothing to “drop.”

On the other hand, each source aside the GitHub is depicting the minute when CLO tokens are available as an “airdrop.”

Either way, the outcome is the same: 1 free CLO for every ETC.

What is Callisto About Anyways?

Callisto is a blockchain technology that runs on the Ethereum Classic protocol. It introduces a cold staking protocol which rewards token holders for being participants.

Cold staking gives CLO token holders incentives for holding for a specific period of time, allowing them to earn interests without validating transactions as transactions will be achieved by the Proof-of-Work algorithm.

ETH CLASSIC ART

Callisto’s Goal

“The main goal of callisto is to research and develop a reference implementation of self-sustaining, self-governed, self-funded blockchain ecosystem and development environment,” explains the CLO white paper.

Callisto aims to establish a secure and contribution-friendly environment for further protocol development and improvements. It will rely on a built-in system of smart-contracts to achieve this goal.

It will be possible for Callisto smart contracts to be used on Ethereum classic blockchains and also ETC smart contracts run on Callisto blockchain effectively.

Callisto’s development team is also looking to settle a couple of issues identified with contract hacking.

Callisto’s Effect on ETC Price

Ethereum Classic’s price has surged from the $30 range to a high of over $40 in anticipation for the Callisto fork before a minor price correction.

ETC USD 2018
ETC / USD 2018 to date

I am anticipating an upwards price movement as we get closer to the fork, as many traders will move into positions to exploit the airdrop and receive free CLO tokens.

Ethereum Classic, is a remarkably stable cryptocurrency judging by its price trend compared to many other coins in the market. I wouldn’t expect any extreme volatility for the fork but traders should keep in mind that ETC price is likely to drop after the fork as profits would be taken by traders exploiting the airdrop almost immediately.

Whatever your trading plan is, it’s important to trade with funds you can afford to lose. Always Do Your Own Research. Here is the Callisto Whitepaper.

Hold on for dear life.

10 HODL Commandments for every true HODLer to live by

We crypto holders, also known as HODLers, have been holding our bags of bitcoin and altcoins for a couple months since December 2017’s all-time-highs with no profits in sight.

We have received a message from the crypto gods to guide our efforts to HODL our way to crypto paradise.

10 HODL Commandments for the chosen few, the HODLers

1) Never Sell

Thou shall put no other forms of currency before cryptocurrency. Selling Bitcoin for fiat is the ultimate, unpardonable sin.

2) Buy the Dip

Thou shall acquire more cryptocurrency during major price dips in fiat value.

3) Take Profits in Bitcoin

Thou shalt never use fiat value as a measurement to take profits from altcoin investments. Only sell altcoins for profits measured in Bitcoin value.

4) Ignore FUD

Thou shalt not take seriously any news which causes fear, uncertainty, or doubt; including government bans, exchange hacks, or anti-crypto headlines from mainstream media.

5) Transact P2P When Possible

Honor the decentralized philosophy of distributing economic control away from central authorities by using peer-to-peer transactions when possible.

6) Spread the Good Word

Sow seeds of belief in the future of crypto with friends and family. Share information to help educate them so they can make their own decisions.

7) Control Your Private Keys

Thou shalt never put blind faith in a third party exchange for the safety and security of your cryptocurrency. Always control your private keys.

8) Don’t FOMO Buy

Thou shalt not be distracted by other coins with pumping prices and market cap rankings. Selling the coins you believe in for fear of missing out is not part of an acceptable plan for any true hodler.

9) Remember the Halving

Remember the Bitcoin halving once every four years. Keep it as a holy day for the observation of the scarcity and value of coins with limited supply.

10) DYOR

Thou shall always Do Your Own Research before investing in cryptocurrency or blockchain projects. Never take one single source as the truth.

 

Is NEO the Chosen One to Revolutionize the Smart Economy?

If you’ve been in the crypto space for sometime, surely you have heard of NEO.

Some cryptomaniacs out there think NEO is the chosen one, because it was chosen by China to work with regulators and build the smart economy with decentralized applications.

Why might NEO be the Chosen Coin for the Global Smart Economy?

NEO the Chosen One

NEO’s current value and growth potential

NEO is currently valued around $115. The total supply of the coins is 100 Million and no mining is required. The current circulating supply is 65 Million, much less than Ethereum (97 Million).

NEO has the potential to easily hit over $1000 USD price with the new Chinese Lunar year. Remember that NEO’s homeland is China. The one-year trend for NEO (formerly Antshares) has been remarkable, with over a 100,000% increase in 1 year. Yes, that is 1000X gains for NEO.

NEO Coinmarketcap

Stake NEO to earn GAS

A second reason NEO is the chosen one is the staking rewards in GAS that investors are paid for holding NEO. You can stake NEO in the NEON Wallet to earn GAS. The way this works is the supply of GAS grows by 8 with every NEO block (15 – 25 seconds).

You can estimate the amount of GAS you will earn for your NEO holdings at neotogas.com

The 8 new GAS tokens are distributed between all NEO holders. You can test this by checking the GAS supply on Coinmarketcap and refreshing after a little bit.

The supply of GAS goes up every ~30 seconds or so. Currently, Gas (GAS) tokens are valued at $36. You can also buy GAS on a number of major crypto exchanges like Binance or Kucoin.

NEO is more developer-friendly than Ethereum

The main reason NEO is the chosen coin to revolutionize the smart economy is how easily developers can create smart contracts on the NEO platform. NEO is superior to Ethereum in this regard.

By being open source and a better platform to that provided by Ethereum, NEO is more of a pioneer of the economy of the future on blockchain.

There are already a number of amazing dApps built on NEO.

NEO decentralized applications
NEO decentralized applications

The beauty of NEO’s platform is that you can program your smart contracts using numerous programming languages that include: python, C#, Java and other mainstream programming languages.

Programming NEO vs. Ethereum

Ulike Ethereum, you do not have to learn their own bug-prone programming language known as Solidity. This programming language was influenced by C++, Python and JavaScript and specifically designed for the Ethereum Virtual Machine.Don't be like vitalik

Sounds like another bad call, Vitalik.

NEO’s Universal Lightweight Virtual Machine (NeoVM) can accomodate mainstream programming languages without forcing the owner to learn an extra programming syntax.

 

Keep an eye on NEO. It just might be the Chosen One.

In the Matrix movie, NEO starts out skeptical about his assignment to save the human race from the machines that keep people asleep as they harness their energy to generate electricity.

The machines plug in the humans into an alternate reality called the Matrix to fool them into believing that they are actually living real lives and NEO is that guy ends this cycle.

NEO MOVIE QUOTE

NEO is a coin to watch out for the foreseeable future, and a major contender for the global smart economy of the future.

It has the advantage over Ethereum of having less coins in circulation and is backed by the fact that it is the favorite of many crypto traders from Asia and particularly, China.

NEO vs. ETHEREUM

It has the potential to outgun Ethereum in both price and also in pushing smart contracts for a global smart economy.

As more Decentralized Apps are created on the NEO platform, the more the possibilities of delivering a smart economy backed by smart contracts.

Before making any investment decisions, always remember to Do Your Own Research.

Hold on for dear life.

CIBUS Blockchain for Food Supply Chain

A Revolutionary Food Ecosystem is being built on the CIBUS Blockchain for Food Supply Chain

CIBUS aims to become a Trusted Food & Dietary Supplements Ecosystem on Blockchain, Empowering Consumers with
Transparency, Safety & Traceability at Lower Cost

THE GOAL

To bring trust back into Food and empower consumers to make better choices. CIBUS wants to provide food safety and transparency to Food and Dietary supplements.

THE PLAN

To create a decentralized, peer-to-peer global food trading ecosystem that will eliminate middle-men and reduce costs in food industry value chains.

CIBUS BLOCKCHAIN FOOD ECOSYSTEM

A mobile application will be used to check authenticity and quality of food, which will revolutionize food safety by making all food transactions transparent.

CIBUS MOBILE APP

PROBLEMS WITH CENTRALIZED FOOD ECOSYSTEMS

CIBUS vs. CENTRALIZED FOOD

  • Lack of trust
  • Lack of traceability
  • Lack of food safety and consistency

CIBUS FOOD ECOSYSTEM - FOOD FRAUD

  • High costs & rising consumer prices
  • Lack of engagement between producer & consumer
  • Fragmented food ecosystem with high regulatory friction

CIBUS FOOD ECOSYSTEM - FOOD ADULTERY

HOW CIBUS BLOCKCHAIN CAN DISRUPT FOOD RETAIL

Cibus has the potential to disrupt the food retail business in a big way.

Successful implementation of the Cibus blockchain would make two big improvements to the consumer shopping experience.

  1. Trust in all transactions from production to consumption recorded on the blockchain
  2. Cutting out the middle man margins from rent seekers to lower cost for consumers.

Food Safety and Quality

The terms “food safety” and “food quality” are sometimes confusing.

  • Food safety refers to attributes of food that negatively affects the health of consumers.injurious to the health of
  • Food quality includes all attributes of food that impacts the product’s value to the consumer.
    • Positive qualities such as origin, colour, flavour, texture, processing method
    • Negative qualities such as spoilage, contamination, discoloration, odors.

Foods with compromised quality have potentially serious health risks for consumers. Quality assurance is desired by both retailers and consumers.

With the use of blockchain authentication, food products’ originality can be  verified by consumers directly on the digital ledger.

Cibus blockchain offers food traceability that gives consumers full transparency to trace the originality and authenticity of food they buy using Cibus.

Food Traceability Requirements

The Cibus food traceability system can reduce certain food hazards, which may cause significant impact of food safety and quality.

Examples:
● Microbiological hazards;
● Pesticide remainder;
● Mishandling of food additives;
● Indiscriminate use of Chemical contaminants, including biological toxins;
● Mass adulteration.

MONSANTO GMO

The list can be further extended to cover genetically modified organisms, infusion of allergens, veterinary drugs, residual, and growth promoting hormones used in the production of animal products.

Watch out Monsanto, Cibus is coming for you and your GMO’s!

The following technologies will be used for food safety & quality:

  • P2P Marketplace: party to party business transaction
  • Creating intuitive dashboard for supply chain management
  • Launch of food checker app
  • Introducing loyalty system and rewards for customers
  • Founding Digital Cooperatives and Matchmaking with Logistics Companies to strengthen CIBUS food supply chain
  • Collecting data for data visualization, data analytics, predictive analytics to boost sales for CIBUS affiliates
  • Setting corruption free business deals with blockchain technology

CIBUS can make big efficiency improvements in Food Retail

CIBUS is collaborating with developers, food aficionados, farmers, and other parties who all share the same concerns about food safety and quality.

The ultimate goal is to generate a community-driven, lively ecosystem, that uses the CIBUS blockchain for building a better future for the global food markets.

The secondary goal for CIBUS is to educate global audience about the benefits of implementing a transparent food supply system worldwide.

Payment intermediaries

Collecting payments is a challenge for all retailers retailers for various reasons inherent in the fiat, credit-based system. Cibus allows retailers to avoid payment fees to intermediaries.

Cibus Retail will allow the use of the CBT token which offers users the benefits of a regular currency without transaction fees and settlement issues.

Product sourcing and tracking

The Cibus blockchain gives people ability to track every detail of a food product before a retailer sells it or a consumer purchases.

They will be able to check all movements from farm to fork.

5 CIBUS BLOCKCHAIN SOLUTIONS

1. Trace

Removes dependency on regulatory mechanism and delivers a mobile verification tool to consumers that can be used to validate the authenticity and quality of food.

2. Trade and Retail

A decentralized and direct global food trading platform between food producers, consumers (B2C) and retailers (B2B).

Eliminating intermediaries reduces cost and the transit time for food products.

3. Social

An incentivized social networking platform that allows consumers to provide feedback and reviews directly to manufacturers.

The product or satisfaction rating provided by the users on Social is interlinked with the vendor rating system in Trade and Retail.

4. Logistics and Escrow

Ensures that food is transported according the to standards mandated by European
Commission by using geo-tracking and conditions monitoring smart contracts. It provides scalable, reliable and multi-modal logistics solution for food trade.

5. Advertisement

An inbuilt analytics and content management tool that provides manufacturers and sellers with good insights into customer preferences and choices.

This can be used to create advertisements that are highly relevant.

THE CBT TOKEN

CBT is a utility token used for transactions in the ecosystem. CBT tokens are to be used to incentivize the Social platform and also as payment for affiliates.

You can sign up using this affiliate link to get free CBT tokens.

CBT will be used to pay for transaction fees, escrow service fees, and advertisement fees.

THE ICO

PRE-TGE TOKEN SALE END DATE: 10:59 AM (GMT) on February 28, 2018
ICO Token Sale Start Date: 11:00 AM (GMT) on February 28, 2018

Payment methods: BTC, ETH, LTC, DASH
Soft cap: 5,000,000 CBT
Hard cap: 40,000,000 CBT
Token exchange rate: 1 ETH = 1000 CBT
Total token supply (max): 100,000,000 CBT
Min purchase: 10 CBT

The ICO rounds will start with a 30% bonus (1300 CBT per ETH) in the Pre-sale and decrease each round until 8% in the final round.

2018 ROAD MAP

  • Q1: Token sale and listing on exchanges
  • Q2: Alpha release of Trace
  • Q3: Alpha release of Trade, Retail, and Social
  • Q4: Beta version of Trace

2019 AND BEYOND

CIBUS will release full versions of all solutions through Q4 2019 and the integrated Ecosystem Platform is planned for a full release in Q1 2020

We believe the CIBUS blockchain has the potential to disrupt the global food business with their ecosystem and we certainly can benefit from improved food safety and transparency.

We will keep an eye out for updates on the CBT token sale. Register today for free CBT tokens.

Do Your Own Research.

WHITEPAPER
TELEGRAM
TWITTER
FACEBOOK

Hold on for dear life.

Women Crypto Adoption on the rise? Katy Perry’s Crypto Claws, Paris Hilton

Only 5-7% of Cryptocurrency Users are Women

According to this Forbes statistic, there is about 1 female cryptocurrency user to every 17 male users. This low level of crypto adoption from women is concerning for all members of the crypto community.

The success of cryptocurrencies depends on mainstream acceptance of blockchain technology. This means we need more crypto women!

1 in every 5 of @hodlcrypto Instagram followers is Female

My instagram insights page is an anecdotal piece of evidence about this gender gap between crypto men (80%) and crypto women (20%)

Female Crypto Instagram

Are women getting the message about cryptocurrency?

 

The gender gap could mean that women aren’t receiving the right information about crypto.

But is that a valid argument? After all, men and women have access to the same information and tools on the internet.

Both men and women are equally enabled to google up info on bitcoin and blockchain tech, watch hundreds of experts in the space on youtube, listen to podcasts, follow social media, etc.

With low female participation in these alternative media channels, we can look to the mainstream media for the mass marketed messages about cryptocurrency we know are reaching women.

Mainstream Media’s constant FUD Machine for Bitcoin

There is no shortage of negative media surrounding Bitcoin and the cryptocurrency markets.

In addition to this, we also know that Bitcoin and cryptocurrencies are a very emotionally-charged topic, where people either:

A) Understand, and believe in the long-term potential of the cryptocurrency and blockchain movement

B) Don’t understand cryptocurrencies or blockchain technology and think it’s an unsustainable asset bubble

C) Understand cryptocurrencies and blockchain but still have negative biases towards it, and are incentivized to oppose the movement for their own reasons

For our purposes we will assume that the majority of women not participating in the use of cryptocurrency fall into group B. This is the group where mainstream media potentially has the most influence.

Warren Buffet and Jamie Dimon: Prime examples of Bitcoin FUD (Fear, Uncertainty, Doubt)

We are seeing a lot of the “centralized” world spread FUD about the “decentralized” world.

Warren Buffet warns crypto is a craze and a bubble that will eventually crash, leaving investors feeling “stupid”.

Warren Buffet Crypto FUDBuffet obviously has a lot to lose with cryptocurrency adoption, as this his investment firm will suffer due to the flow of investor capital from Wallstreet to the cryptocurrency market.

“You can’t value bitcoin, because it’s not a value-producing asset. Stay away from it. It’s a mirage, basically. The idea that it has some huge intrinsic value is just a joke, in my view.”

Jamie Dimon, CEO of JP Morgan Chase, has also gone on record numerous times warning investors not to invest in bitcoin to no avail. He obviously stands a lot to lose, for example if all his retail investors decide they want to move 5-10% of their portfolio holdings to crypto.

Jamie Dimon vs. Bitcoin
Jamie Dimon vs. Bitcoin

Thanks to uninformed and biased mainstream media reports, the general public is more confused than ever about the cryptocurrency world.

For the average person, entering the market is intimidating. It requires skills and knowledge that uniquely combine financial and technological know-how. This is represented as even more convoluted by mainstream media.

Due to a growing number of either misinformed or dishonest mainstream media reports, the average Joe, or Jan, cannot see the facts about cryptocurrencies or its potential.

Do skewed media perceptions of Crypto affect Women more than Men?

The mainstream media outlets have skewed public’s perspective of crypto to the point where they don’t even want to learn more.

They think they have heard enough about how it is a scam, BEWARE BITCOIN SCAM

a fraud,BITCOIN IS A FRAUD JAMIE DIMON

and of course, a bubble.GLENN BECK BITCOIN BUBBLE

 

Because the majority of people consume their media from these large platforms it’s safe to say that they aren’t getting all of the right information.

Why Aren’t more Women seeking out cryptocurrency information?

My opinion is that a main reason for lack of female cryptocurrency curiosity is due to a higher level of risk aversion among females.

This study out of the University of Chicago shows supports this claim:

 Finally, both testosterone levels and risk aversion predicted career choices after graduation: Individuals high in testosterone and low in risk aversion were more likely to choose risky careers in finance.

These results suggest that testosterone has both organizational and activational effects on risk-sensitive financial decisions and long-term career choices.

Women are, on average, more risk averse than men in financial decision-making (1). Gender differences in financial risk aversion, in turn, can be associated with differences in career choices.

For example, in our academic institutions, ≈36% of female MBA students choose a risky career in finance (e.g., investment banking or trading), whereas 57% of male students do so.

Although social and cultural expectations for risk behavior and career choices in men and women differ, biological differences between the sexes could play an important role in these differences in behavior.

Female Cryptocurrency Influencers

Katy Perry’s Crypto Claws

View this post on Instagram

$—CrYpTo ClAwS—$

A post shared by KATY PERRY (@katyperry) on

Katy Perry has one of the most followed accounts on all of instagram and the post – captioned “$—CrYpTo ClAwS—$” – managed to generate over 200K likes.

Perry has also tagged the Instagram accounts of all five cryptocurrencies, directing followers to their instagram accounts – ethereum_updateslitecoinofficialbitstellarlumens and moneroofficial.

Paris Hilton publicly backing ICO’s

Paris Hilton is another example of a high-profile hollywood celebrity who has publicly revealed their involvement in cryptocurrency.

This past September (2017), Paris Hilton posted on twitter that she was:

“looking forward to participating in the new” LydianCoin — a platform that wants to combine the blockchain with “targeted, AI driven digital marketing and advertising services.”—Paris Hilton (@ParisHilton) September 3, 2017

Since then, the post has been deleted. It was probably a shit token anyways, but we will give Paris Hilton an “E” for effort on that one.

SHIT TOKEN
SHIT TOKEN

The opportunity to educate Women on Cryptocurrency

There is a big opportunity to further educate women on cryptocurrency and the changing technology world around us. Some women are stepping up to the plate to advocate for cryptocurrency.

Many women are advocates for equality in the workforce and giving them the information to understand it will help them get up to speed and succeed in this industry.

More and more jobs are/will be opening up for people who have blockchain expertise or knowledge and it would be great to get some women filling these jobs. It’s a new enough field that women who join now can grow with the industry as it evolves.

EDUCATE A WOMAN

What can YOU do?

It’s simple, just share with them the basics of blockchain/crypto, the positive impact that it could have on the world, and how to get started and keep on top of all the changes in this exciting space.

 

Crypto isn’t all about investing your debt and making enough money to buy a lambo. It’s about changing many broken & outdated systems out there and making them more secure, safe, and efficient.

I encourage all of you to talk to the women in your life about cryptocurrencies and get them to join the crypto revolution.

Hold on for dear life.

Mining Proof of Stake coins puts the power of Central Banks in your Laptop

As part of my quest to build out my crypto battle chest with well-diversified crypto investments, I began to do more heavy research mining Poof of Stake (PoS) coins and the options on the market.

Proof of Work (PoW) mining vs. Proof of Stake (PoS) mining

PoW vs. PoS

The difference in how you’re paid mining rewards

With PoW mining, you run computer hardware to confirm transactions and secure the network to earn mining rewards.

With PoS mining, to earn mining rewards you simply hold (a.k.a.) stake your coins in a wallet and stay connected to the network to earn mining rewards.

Staking Wallets for Profits

PoS mining coins bring profits in the form of more coins at rates ranging in general, anywhere from 5% Annually to hundreds of percentages, for example 200% or 808%. That’s right, 3x or 9x the original amount of coins you invested in.

Staking Wallets for Profits

Some of the most widely adopted PoS coins earn approximately 5% rewards, including NEO, PIVX, Reddcoin, and Stratis.

Now 5% per year may not sound like much if you think about the price volatility of cryptocurrency, but it’s important to note that a 5% increase in coins is very different, and arguably better than a 5% short-term increase in price.

Mining reduces your price risk in the long run

Once you have traded your fiat currency to cryptocurrency, you expose yourself to the price risk of the cryptocurrency market with your set amount of coins, and your options to generate profit involve either sitting and waiting for price appreciation or trading.

Price Risk Management

When you mine, you generate more coins at all price levels, and over the long term you have more holdings regardless of the price of the coin.

Staking wallets pay you in more crypto!

Earning more cryptocurrency is a different form of profit than price appreciation. When you are increasing your coin balances with PoS mining and the price of your coins also increases, you are making gains on both ends: more coins and price gains.

If it hasn’t dawned on you yet exactly what this means, here is some visual aid.

Money PrinterCryptocurrency mining is like having your own money printing machine

This is exactly why mining Bitcoin and Alt-coins is in such high demand. Everyone is trying to get a piece of the action, and the truth is that there are high startup costs and technical difficulties to get a Proof of Work mining operation up and running.

 

With this overview in mind, we see that this is a great way to grow your wealth in cryptocurrency and diversifies your strategy to be less reliant on the price appreciation of your crypto holdings.

Buyer Beware: Higher Reward = Higher Risk

On my quest to learn more about PoS mining, I stumbled upon some higher yielding small cap coins with mining rewards of easily over 100% per year which are very small in market capitalization.

Small cap cryptocurrencies under the $300 Million market cap level are generally considered very risky, and tend to have a lot more volatility and pump and dumpers using them.

Considering the high level of risk, now we have an expert in this space who put out a book on the subject: Junsun Chan.

How to Mine Bigly for 200-808% Annual Returns on just a Laptop

Mine Bigly by Junsun Chan
Mine Bigly by Junsun Chan

In his book (available on Amazon) Junsun outlines a system for mining high-yield PoS coins for profit with just a laptop and a little bit of electricity.

The book quickly drives into the concept of mining as printing money out of thin air.

When you hold Proof of Stake coins that generate more coins of themselves, and you take a portion of those coins to an open exchange like Binance or Kucoin to trade them for Bitcoin, you are essentially printing money, like central banks do with fait. The coins you mine can be exchanged directly for fiat currency like US dollars on Coinbase.

What do you need to get started?

Very little is required. All you need to get started are things you probably already have!

1. A computer or laptop with operating systems Mac OS, Windows 7, Windows 8+ vista (recommended), or Windows 10 (PRIMARY recommendation)
2. Internet connection
3. Seed money of about $50 or less to buy bitcoin and start mining. You can use less cash but bear in mind results will take longer to be realized.

Three High-Yield PoS coins that will put power of the Central Bank in your computer

1) 808Coin pays an 808% annual staking reward
808 Coin Proof of Stake
2)  Sprouts pays a 200% annual staking reward

Sprouts Coin Proof of Stake

3) Condensate (RAIN) pays a high but randomized staking reward
  • My RAIN generated +7% rain in just 12 days, which is around 200% annualized

Condensate Rain Proof of Stake

The first two coins, 808 and Sprouts are Junsun Chan’s top 2 recommendations. Junsun goes deep into explaining how these coins work in his book you can buy here.

The third coin on the list, Condensate (RAIN) is another one I came across, and seems to have more going for it in terms of a long-term purpose other than making people money.

The aim of Rain is to create a secure and robust network that is supported by its users in a meaningful way. To make it figuratively and literally rain on the community, and to utilize this network to partner with climate researchers and scientists to help better understand the world that we all live in.

Breaking down the benefits to using this PoS mining strategy

1. Never have to talk or interact with anyone. This is all automatic with a one time setup on your computer to start mining. No sales work! Hooray!
2. No need to invest in any hyip scam of any kind or 3rd party “cloud mining solution” that turns out to be another scam.
3. You control 100% fully all the money and coins in your wallet.
4. You gain the power of central banking and literally print money out of thin air. This is the miracle of bitcoin altcoin mining and I TEACH YOU its SECRETS.
5. EARN UNHEARD OF 200%-808% annual returns! This is NOT a typo! And the insane part is you can do this for less than $5 a month in electricity costs; I live in New York City and its expensive but power costs to mine costs this little to me.
6. The 6 compound/withdraw strategies that you can use to grow your bitcoin mining operation while withdrawing profits reasonably. Breaking even has never been easier for you!
7. Written primarily for poor people in mind, I am an unemployed actor and had to scrounge for money. This will be a god send for anyone needing a long term money making solution that they can start using TODAY to plug their financial woes.
8. Gain the knowledge of traditional central banking so you can understand that what you’re mining bitcoin-altcoins for is just the foundation of something much greater and freer.
9. Persuasion “hacks” that were learned and mastered from psychology masters such as Mike Cernovich (Gorilla Mindset) and Scott Adams of Dilbert fame. Emotional control over yourself will help you and all crypto currency adopters for the coming fight ahead to ban and restrict bitcoin.

Once you’re set up, you won’t have to invest any more money (if you don’t want to) or effort after the initial set up. You can start as low as $50 (my minimum recommended). In fact, I encourage to start off slow and small so you can learn how crypto currencies work and when the bitcoin is flowing into your wallets, then you can “ramp up” if you choose for MORE profits!

If you choose to invest and mine any of these PoS cryptocurrencies, remember to DYOR (Do Your Own Research) and that this is not financial advice. Hold on for dear life.

Vote for WePower on Binance for Community Coin of the Month for 200 $WPR Tokens

Yesterday, WePower was nominated for the “Community coin of the month” award on Binance.

Link to cast your vote: www.binance.com/vote.html

Voting started yesterday (02/21/18) and will end Sunday (02/25/18). 0.1 BNB (Binance Token, currently worth about $0.97 USD) is required for each vote. WePower will re-compensate you for your 0.1 BNB if you fill out the bounty form.

You can vote for other coins too, but you allowed a max 1 vote per candidate.

If you don’t have a Binance account, registration is fast and easy and requires no ID requirements.

WePower’s Bounty for 200 Free $WPR Tokens

Each participant of the bounty campaign gets 200 WPR if WePower wins this competition, so there’s the catch.

The good news is that $WPR is definitely in the running and a close second place to Elastos $ELA.

WePower Voting Screenshot
WePower Voting Screenshot

How to participate  in the bounty:

1. Apply for bounty here: “WePower Binance bounty”
https://goo.gl/dVoh7e.
2. Vote for WePower and make a screenshot
3. Fill in “Bounty report” form
https://goo.gl/SWDNyw

Please note, that rewards in WPR will be distributed only if WePower is listed on Binance.

Hold on for dear life.

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