Ecoer Logo
VOTING POWER100.00%
DOWNVOTE POWER100.00%
RESOURCE CREDITS100.00%
REPUTATION PROGRESS0.00%
Net Worth
0.041USD
STEEM
0.021STEEM
SBD
0.010SBD
Effective Power
5.001SP
├── Own SP
0.646SP
└── Incoming Deleg
+4.355SP

Detailed Balance

STEEM
balance
0.021STEEM
market_balance
0.000STEEM
savings_balance
0.000STEEM
reward_steem_balance
0.000STEEM
STEEM POWER
Own SP
0.646SP
Delegated Out
0.000SP
Delegation In
4.355SP
Effective Power
5.001SP
Reward SP (pending)
0.000SP
SBD
sbd_balance
0.010SBD
sbd_conversions
0.000SBD
sbd_market_balance
0.000SBD
savings_sbd_balance
0.000SBD
reward_sbd_balance
0.000SBD
{
  "balance": "0.021 STEEM",
  "savings_balance": "0.000 STEEM",
  "reward_steem_balance": "0.000 STEEM",
  "vesting_shares": "1051.761204 VESTS",
  "delegated_vesting_shares": "0.000000 VESTS",
  "received_vesting_shares": "7091.898602 VESTS",
  "sbd_balance": "0.010 SBD",
  "savings_sbd_balance": "0.000 SBD",
  "reward_sbd_balance": "0.000 SBD",
  "conversions": []
}

Account Info

namerobstark
id200400
rank648,287
reputation134597357
created2017-06-16T14:20:12
recovery_accountsteem
proxyNone
post_count3
comment_count0
lifetime_vote_count0
witnesses_voted_for0
last_post2019-03-10T10:51:12
last_root_post2019-03-10T10:51:12
last_vote_time2019-03-12T11:52:21
proxied_vsf_votes0, 0, 0, 0
can_vote1
voting_power0
delayed_votes0
balance0.021 STEEM
savings_balance0.000 STEEM
sbd_balance0.010 SBD
savings_sbd_balance0.000 SBD
vesting_shares1051.761204 VESTS
delegated_vesting_shares0.000000 VESTS
received_vesting_shares7091.898602 VESTS
reward_vesting_balance0.000000 VESTS
vesting_balance0.000 STEEM
vesting_withdraw_rate0.000000 VESTS
next_vesting_withdrawal1969-12-31T23:59:59
withdrawn0
to_withdraw0
withdraw_routes0
savings_withdraw_requests0
last_account_recovery1970-01-01T00:00:00
reset_accountnull
last_owner_update1970-01-01T00:00:00
last_account_update1970-01-01T00:00:00
minedNo
sbd_seconds0
sbd_last_interest_payment1970-01-01T00:00:00
savings_sbd_last_interest_payment1970-01-01T00:00:00
{
  "active": {
    "account_auths": [],
    "key_auths": [
      [
        "STM836STGkR6iHkYfZgV2AokDzRiCJfpWkUGE1dq4e2zTHvSh3XQf",
        1
      ]
    ],
    "weight_threshold": 1
  },
  "balance": "0.021 STEEM",
  "can_vote": true,
  "comment_count": 0,
  "created": "2017-06-16T14:20:12",
  "curation_rewards": 0,
  "delegated_vesting_shares": "0.000000 VESTS",
  "downvote_manabar": {
    "current_mana": 2035914951,
    "last_update_time": 1779083340
  },
  "guest_bloggers": [],
  "id": 200400,
  "json_metadata": "",
  "last_account_recovery": "1970-01-01T00:00:00",
  "last_account_update": "1970-01-01T00:00:00",
  "last_owner_update": "1970-01-01T00:00:00",
  "last_post": "2019-03-10T10:51:12",
  "last_root_post": "2019-03-10T10:51:12",
  "last_vote_time": "2019-03-12T11:52:21",
  "lifetime_vote_count": 0,
  "market_history": [],
  "memo_key": "STM8JW1Y6N3K323BaVfijKEtu1dPDHkbSmJyNFFJBuE1JvyxHC2hD",
  "mined": false,
  "name": "robstark",
  "next_vesting_withdrawal": "1969-12-31T23:59:59",
  "other_history": [],
  "owner": {
    "account_auths": [],
    "key_auths": [
      [
        "STM7Pmi9mtWHYgT4BDNjYFuC7y8K8GwyZA34gnGBbMMNFDGjoxRHB",
        1
      ]
    ],
    "weight_threshold": 1
  },
  "pending_claimed_accounts": 0,
  "post_bandwidth": 0,
  "post_count": 3,
  "post_history": [],
  "posting": {
    "account_auths": [],
    "key_auths": [
      [
        "STM5nFspWYe8rpusyQffFxxPLHFcVRBqGLXd9VafzG4yTnqi56kLF",
        1
      ]
    ],
    "weight_threshold": 1
  },
  "posting_json_metadata": "",
  "posting_rewards": 16,
  "proxied_vsf_votes": [
    0,
    0,
    0,
    0
  ],
  "proxy": "",
  "received_vesting_shares": "7091.898602 VESTS",
  "recovery_account": "steem",
  "reputation": 134597357,
  "reset_account": "null",
  "reward_sbd_balance": "0.000 SBD",
  "reward_steem_balance": "0.000 STEEM",
  "reward_vesting_balance": "0.000000 VESTS",
  "reward_vesting_steem": "0.000 STEEM",
  "savings_balance": "0.000 STEEM",
  "savings_sbd_balance": "0.000 SBD",
  "savings_sbd_last_interest_payment": "1970-01-01T00:00:00",
  "savings_sbd_seconds": "0",
  "savings_sbd_seconds_last_update": "1970-01-01T00:00:00",
  "savings_withdraw_requests": 0,
  "sbd_balance": "0.010 SBD",
  "sbd_last_interest_payment": "1970-01-01T00:00:00",
  "sbd_seconds": "0",
  "sbd_seconds_last_update": "2019-03-07T02:04:09",
  "tags_usage": [],
  "to_withdraw": 0,
  "transfer_history": [],
  "vesting_balance": "0.000 STEEM",
  "vesting_shares": "1051.761204 VESTS",
  "vesting_withdraw_rate": "0.000000 VESTS",
  "vote_history": [],
  "voting_manabar": {
    "current_mana": "8143659806",
    "last_update_time": 1779083340
  },
  "voting_power": 0,
  "withdraw_routes": 0,
  "withdrawn": 0,
  "witness_votes": [],
  "witnesses_voted_for": 0,
  "rank": 648287
}

Withdraw Routes

IncomingOutgoing
Empty
Empty
{
  "incoming": [],
  "outgoing": []
}
From Date
To Date
steemdelegated 4.355 SP to @robstark
2026/05/18 05:49:00
delegatorsteem
delegateerobstark
vesting shares7091.898602 VESTS
Transaction InfoBlock #106150094/Trx 14627d410230d9a18db978c43a30fdcbd53a7cf5
View Raw JSON Data
{
  "trx_id": "14627d410230d9a18db978c43a30fdcbd53a7cf5",
  "block": 106150094,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2026-05-18T05:49:00",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "robstark",
      "vesting_shares": "7091.898602 VESTS"
    }
  ]
}
steemdelegated 2.690 SP to @robstark
2026/05/13 02:26:21
delegatorsteem
delegateerobstark
vesting shares4379.688197 VESTS
Transaction InfoBlock #106002768/Trx 4fb55e9c2428a5ef4fb16091fce6a7244343ad78
View Raw JSON Data
{
  "trx_id": "4fb55e9c2428a5ef4fb16091fce6a7244343ad78",
  "block": 106002768,
  "trx_in_block": 3,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2026-05-13T02:26:21",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "robstark",
      "vesting_shares": "4379.688197 VESTS"
    }
  ]
}
steemdelegated 4.363 SP to @robstark
2026/04/26 05:01:24
delegatorsteem
delegateerobstark
vesting shares7104.414358 VESTS
Transaction InfoBlock #105517591/Trx 3bd2f2dc6b795a17a9e303f776f69414cf7f700b
View Raw JSON Data
{
  "trx_id": "3bd2f2dc6b795a17a9e303f776f69414cf7f700b",
  "block": 105517591,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2026-04-26T05:01:24",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "robstark",
      "vesting_shares": "7104.414358 VESTS"
    }
  ]
}
steemdelegated 2.715 SP to @robstark
2026/01/23 22:45:36
delegatorsteem
delegateerobstark
vesting shares4421.235016 VESTS
Transaction InfoBlock #102869731/Trx b3428b528f81c0ad5f8efaee2ba0ac6b4fb588cb
View Raw JSON Data
{
  "trx_id": "b3428b528f81c0ad5f8efaee2ba0ac6b4fb588cb",
  "block": 102869731,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2026-01-23T22:45:36",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "robstark",
      "vesting_shares": "4421.235016 VESTS"
    }
  ]
}
steemdelegated 2.816 SP to @robstark
2024/12/17 17:56:18
delegatorsteem
delegateerobstark
vesting shares4585.454213 VESTS
Transaction InfoBlock #91315958/Trx f7ce72723d11d3efac668dbec323c71833502810
View Raw JSON Data
{
  "trx_id": "f7ce72723d11d3efac668dbec323c71833502810",
  "block": 91315958,
  "trx_in_block": 2,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2024-12-17T17:56:18",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "robstark",
      "vesting_shares": "4585.454213 VESTS"
    }
  ]
}
steemdelegated 2.920 SP to @robstark
2023/11/14 09:37:36
delegatorsteem
delegateerobstark
vesting shares4754.587745 VESTS
Transaction InfoBlock #79870111/Trx d2a8a5d16340708df61149350f7a916b2e977026
View Raw JSON Data
{
  "trx_id": "d2a8a5d16340708df61149350f7a916b2e977026",
  "block": 79870111,
  "trx_in_block": 10,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2023-11-14T09:37:36",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "robstark",
      "vesting_shares": "4754.587745 VESTS"
    }
  ]
}
steemdelegated 4.723 SP to @robstark
2023/09/22 09:50:03
delegatorsteem
delegateerobstark
vesting shares7691.496531 VESTS
Transaction InfoBlock #78362198/Trx 0b7afb50f00711b79565c0e09dccf90791054154
View Raw JSON Data
{
  "trx_id": "0b7afb50f00711b79565c0e09dccf90791054154",
  "block": 78362198,
  "trx_in_block": 7,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2023-09-22T09:50:03",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "robstark",
      "vesting_shares": "7691.496531 VESTS"
    }
  ]
}
steemdelegated 4.860 SP to @robstark
2022/11/03 17:22:00
delegatorsteem
delegateerobstark
vesting shares7913.547969 VESTS
Transaction InfoBlock #69120025/Trx 247009bad85ab005f19a9dcae88f1be965aefa85
View Raw JSON Data
{
  "trx_id": "247009bad85ab005f19a9dcae88f1be965aefa85",
  "block": 69120025,
  "trx_in_block": 3,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2022-11-03T17:22:00",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "robstark",
      "vesting_shares": "7913.547969 VESTS"
    }
  ]
}
ph-supportsent 0.001 STEEM to @robstark
2022/08/17 10:40:21
fromph-support
torobstark
amount0.001 STEEM
memo
Transaction InfoBlock #66879567/Trx 9674b03b6a36c915d1957c81372f3bd86b3c5cfa
View Raw JSON Data
{
  "trx_id": "9674b03b6a36c915d1957c81372f3bd86b3c5cfa",
  "block": 66879567,
  "trx_in_block": 5,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2022-08-17T10:40:21",
  "op": [
    "transfer",
    {
      "from": "ph-support",
      "to": "robstark",
      "amount": "0.001 STEEM",
      "memo": ""
    }
  ]
}
steemdelegated 4.995 SP to @robstark
2022/01/17 22:36:45
delegatorsteem
delegateerobstark
vesting shares8133.655570 VESTS
Transaction InfoBlock #60823330/Trx e86ebe4f4c48bdb889ffda8ec69504460a7af436
View Raw JSON Data
{
  "trx_id": "e86ebe4f4c48bdb889ffda8ec69504460a7af436",
  "block": 60823330,
  "trx_in_block": 13,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2022-01-17T22:36:45",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "robstark",
      "vesting_shares": "8133.655570 VESTS"
    }
  ]
}
steemdelegated 5.108 SP to @robstark
2021/06/14 05:48:51
delegatorsteem
delegateerobstark
vesting shares8317.849858 VESTS
Transaction InfoBlock #54613680/Trx 8bd45699020ace72958ea081ea86a41589efe4e8
View Raw JSON Data
{
  "trx_id": "8bd45699020ace72958ea081ea86a41589efe4e8",
  "block": 54613680,
  "trx_in_block": 2,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2021-06-14T05:48:51",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "robstark",
      "vesting_shares": "8317.849858 VESTS"
    }
  ]
}
steemdelegated 5.223 SP to @robstark
2020/12/11 16:01:33
delegatorsteem
delegateerobstark
vesting shares8505.271832 VESTS
Transaction InfoBlock #49360956/Trx eed2c7efde11c07ae7294ef1a585bbfc0692f69b
View Raw JSON Data
{
  "trx_id": "eed2c7efde11c07ae7294ef1a585bbfc0692f69b",
  "block": 49360956,
  "trx_in_block": 4,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-12-11T16:01:33",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "robstark",
      "vesting_shares": "8505.271832 VESTS"
    }
  ]
}
steemdelegated 1.174 SP to @robstark
2020/12/06 09:37:27
delegatorsteem
delegateerobstark
vesting shares1912.543513 VESTS
Transaction InfoBlock #49212485/Trx fc639665ca671dd51325bf56b71fd4a8b7147aa1
View Raw JSON Data
{
  "trx_id": "fc639665ca671dd51325bf56b71fd4a8b7147aa1",
  "block": 49212485,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-12-06T09:37:27",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "robstark",
      "vesting_shares": "1912.543513 VESTS"
    }
  ]
}
steemdelegated 5.227 SP to @robstark
2020/12/05 19:39:30
delegatorsteem
delegateerobstark
vesting shares8511.479686 VESTS
Transaction InfoBlock #49196042/Trx 2560a1dfd9801166becff6f32793fe8fbee29fc7
View Raw JSON Data
{
  "trx_id": "2560a1dfd9801166becff6f32793fe8fbee29fc7",
  "block": 49196042,
  "trx_in_block": 2,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-12-05T19:39:30",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "robstark",
      "vesting_shares": "8511.479686 VESTS"
    }
  ]
}
steemdelegated 1.179 SP to @robstark
2020/11/03 01:51:21
delegatorsteem
delegateerobstark
vesting shares1920.017158 VESTS
Transaction InfoBlock #48269831/Trx c40c1a5b1b0eff58d6f04172fe3801986a966ab9
View Raw JSON Data
{
  "trx_id": "c40c1a5b1b0eff58d6f04172fe3801986a966ab9",
  "block": 48269831,
  "trx_in_block": 3,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-11-03T01:51:21",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "robstark",
      "vesting_shares": "1920.017158 VESTS"
    }
  ]
}
steemdelegated 5.351 SP to @robstark
2020/05/09 10:40:06
delegatorsteem
delegateerobstark
vesting shares8714.285045 VESTS
Transaction InfoBlock #43222807/Trx 1bbd410763da6f5dad2a64b318921ab503c2d56b
View Raw JSON Data
{
  "trx_id": "1bbd410763da6f5dad2a64b318921ab503c2d56b",
  "block": 43222807,
  "trx_in_block": 5,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-05-09T10:40:06",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "robstark",
      "vesting_shares": "8714.285045 VESTS"
    }
  ]
}
steemdelegated 1.200 SP to @robstark
2020/05/08 15:00:36
delegatorsteem
delegateerobstark
vesting shares1953.311140 VESTS
Transaction InfoBlock #43199777/Trx 8ca76529a21736112c3380bfd4163b1e20267062
View Raw JSON Data
{
  "trx_id": "8ca76529a21736112c3380bfd4163b1e20267062",
  "block": 43199777,
  "trx_in_block": 4,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-05-08T15:00:36",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "robstark",
      "vesting_shares": "1953.311140 VESTS"
    }
  ]
}
jadams2k18sent 0.002 STEEM to @robstark- "Appreciated @robstark. Sorry to intrude. I hope I'm not disturbing you with this message. My intention is to help promote the last post of my great friend @crypto.piotr about palnet.io and the HOPE pr..."
2019/07/04 19:16:06
fromjadams2k18
torobstark
amount0.002 STEEM
memoAppreciated @robstark. Sorry to intrude. I hope I'm not disturbing you with this message. My intention is to help promote the last post of my great friend @crypto.piotr about palnet.io and the HOPE project. I hope this reading is constructive for you. LINK: https://steemit.com/palnet/@crypto.piotr/project-hope-help-us-grow-by-making-a-simple-change
Transaction InfoBlock #34375219/Trx 0d489a5a12317850c88c4f030d0e47c6cd99efc0
View Raw JSON Data
{
  "trx_id": "0d489a5a12317850c88c4f030d0e47c6cd99efc0",
  "block": 34375219,
  "trx_in_block": 33,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-07-04T19:16:06",
  "op": [
    "transfer",
    {
      "from": "jadams2k18",
      "to": "robstark",
      "amount": "0.002 STEEM",
      "memo": "Appreciated @robstark. Sorry to intrude. I hope I'm not disturbing you with this message. My intention is to help promote the last post of my great friend @crypto.piotr about palnet.io and the HOPE project. I hope this reading is constructive for you. LINK: https://steemit.com/palnet/@crypto.piotr/project-hope-help-us-grow-by-making-a-simple-change"
    }
  ]
}
2019/06/16 15:52:51
parent authorrobstark
parent permlinkproposal-for-an-application-on-the-blockchain-trackies
authorsteemitboard
permlinksteemitboard-notify-robstark-20190616t155251000z
title
bodyCongratulations @robstark! You received a personal award! <table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@robstark/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table> <sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@robstark) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=robstark)_</sub> ###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!
json metadata{"image":["https://steemitboard.com/img/notify.png"]}
Transaction InfoBlock #33853678/Trx bf74ce4fa0ae0e941a33fe151f78729dcaebe01f
View Raw JSON Data
{
  "trx_id": "bf74ce4fa0ae0e941a33fe151f78729dcaebe01f",
  "block": 33853678,
  "trx_in_block": 7,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-06-16T15:52:51",
  "op": [
    "comment",
    {
      "parent_author": "robstark",
      "parent_permlink": "proposal-for-an-application-on-the-blockchain-trackies",
      "author": "steemitboard",
      "permlink": "steemitboard-notify-robstark-20190616t155251000z",
      "title": "",
      "body": "Congratulations @robstark! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@robstark/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@robstark) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=robstark)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
      "json_metadata": "{\"image\":[\"https://steemitboard.com/img/notify.png\"]}"
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}
steemdelegated 5.469 SP to @robstark
2019/06/11 13:41:03
delegatorsteem
delegateerobstark
vesting shares8905.447587 VESTS
Transaction InfoBlock #33707208/Trx cceaee1fc8ad59be797bfa972a3ae2b9dbd5b1ab
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crypto.piotrsent 0.003 STEEM to @robstark- "Dear @robstark, I hope you don't mind this little memo. Just yesterday I published new post on Steemit asking all readers to share their opinion on particular topic: "AIRDROPS - do you LOVE OR HATE th..."
2019/04/28 07:51:15
fromcrypto.piotr
torobstark
amount0.003 STEEM
memoDear @robstark, I hope you don't mind this little memo. Just yesterday I published new post on Steemit asking all readers to share their opinion on particular topic: "AIRDROPS - do you LOVE OR HATE them? or simply don't care?". I would be glad if you would share your view on that issue. I read and upvote all interesting comments. Yours, Piotr // LINK: https://steemit.com/blockchain/@crypto.piotr/airdrops-do-you-love-or-hate-them-or-simply-don-t-care
Transaction InfoBlock #32434064/Trx 82c68a8d2664fd35be68e6d3a123a6bce8903ea4
View Raw JSON Data
{
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  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-04-28T07:51:15",
  "op": [
    "transfer",
    {
      "from": "crypto.piotr",
      "to": "robstark",
      "amount": "0.003 STEEM",
      "memo": "Dear @robstark, I hope you don't mind this little memo. Just yesterday I published new post on Steemit asking all readers to share their opinion on particular topic: \"AIRDROPS - do you LOVE OR HATE them? or simply don't care?\". I would be glad if you would share your view on that issue. I read and upvote all interesting comments. Yours, Piotr // LINK: https://steemit.com/blockchain/@crypto.piotr/airdrops-do-you-love-or-hate-them-or-simply-don-t-care"
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crypto.piotrsent 0.002 STEEM to @robstark- "Dear @robstark, I hope you don't mind my little memo. Did you ever think about IMPACT OF "ALIENS" on our religions? I would like to share with you link to very interesting discussion "How will the ove..."
2019/04/23 08:18:00
fromcrypto.piotr
torobstark
amount0.002 STEEM
memoDear @robstark, I hope you don't mind my little memo. Did you ever think about IMPACT OF "ALIENS" on our religions? I would like to share with you link to very interesting discussion "How will the overwhelming discovery of extraterrestrial life affect our lives and beliefs?" by @jadams2k18. Perhaps you will find it interesting (I read and upvote all interesting comments). Yours, Piotr // LINK: https://steemit.com/life/@jadams2k18/how-will-the-overwhelming-discovery-of-extraterrestrial-life-affect-our-lives-and-beliefs
Transaction InfoBlock #32290665/Trx f7c2245faba20f785615a18472d1ab833462873d
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  "op": [
    "transfer",
    {
      "from": "crypto.piotr",
      "to": "robstark",
      "amount": "0.002 STEEM",
      "memo": "Dear @robstark, I hope you don't mind my little memo. Did you ever think about IMPACT OF \"ALIENS\" on our religions? I would like to share with you link to very interesting discussion \"How will the overwhelming discovery of extraterrestrial life affect our lives and beliefs?\" by @jadams2k18. Perhaps you will find it interesting (I read and upvote all interesting comments). Yours, Piotr // LINK: https://steemit.com/life/@jadams2k18/how-will-the-overwhelming-discovery-of-extraterrestrial-life-affect-our-lives-and-beliefs"
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juanmolinasent 0.002 STEEM to @robstark- "Hello appreciated @robstark. Do you know what IEO's are? In my last publication called "IEO's The New ICO's" you can get the answer. I would like to share it with you and know your valuable opinion ab..."
2019/04/12 20:38:30
fromjuanmolina
torobstark
amount0.002 STEEM
memoHello appreciated @robstark. Do you know what IEO's are? In my last publication called "IEO's The New ICO's" you can get the answer. I would like to share it with you and know your valuable opinion about it. If you do not want to receive these types of notifications please tell me. LINK: https://steemit.com/crypto/@juanmolina/ieo-s-the-new-ico-s
Transaction InfoBlock #31989610/Trx 8c13f6f3504ebd94804bcf64e074a5046c78832b
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  "op": [
    "transfer",
    {
      "from": "juanmolina",
      "to": "robstark",
      "amount": "0.002 STEEM",
      "memo": "Hello appreciated @robstark. Do you know what IEO's are? In my last publication called \"IEO's The New ICO's\" you can get the answer. I would like to share it with you and know your valuable opinion about it. If you do not want to receive these types of notifications please tell me. LINK: https://steemit.com/crypto/@juanmolina/ieo-s-the-new-ico-s"
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crypto.piotrsent 0.002 STEEM to @robstark- "Dear @robstark, My good friend from Venezuela published recently very interesting post describing "Behavior and evolution of cryptocurrencies ten years after its creation". I found this post very valu..."
2019/04/12 08:31:21
fromcrypto.piotr
torobstark
amount0.002 STEEM
memoDear @robstark, My good friend from Venezuela published recently very interesting post describing "Behavior and evolution of cryptocurrencies ten years after its creation". I found this post very valuable and wanted to share with you (my own attempt to promote quality content). I read and upvote all interesting comments. Yours, Piotr // LINK: https://steemit.com/blockchain/@fucho80/behavior-and-evolution-of-cryptocurrencies-ten-years-after-its-creation-what-to-expect-from-them-in-the-future
Transaction InfoBlock #31975524/Trx a8f04f49aca8f38250de7ccc5b08d2c45c8011cd
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  "op": [
    "transfer",
    {
      "from": "crypto.piotr",
      "to": "robstark",
      "amount": "0.002 STEEM",
      "memo": "Dear @robstark, My good friend from Venezuela published recently very interesting post describing \"Behavior and evolution of cryptocurrencies ten years after its creation\". I found this post very valuable and wanted to share with you (my own attempt to promote quality content). I read and upvote all interesting comments. Yours, Piotr // LINK: https://steemit.com/blockchain/@fucho80/behavior-and-evolution-of-cryptocurrencies-ten-years-after-its-creation-what-to-expect-from-them-in-the-future"
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crypto.piotrsent 0.002 STEEM to @robstark- "Dear [@username], Today I've tried to check my "wallet" only to realize that I need to sign in again in order to have an access to it. It seem that Steemit Inc made another awful change that WILL ONLY..."
2019/04/03 09:38:15
fromcrypto.piotr
torobstark
amount0.002 STEEM
memoDear [@username], Today I've tried to check my "wallet" only to realize that I need to sign in again in order to have an access to it. It seem that Steemit Inc made another awful change that WILL ONLY COMPLICATE this platform even more. Please check out my latest comment and share your view with me. I read all comments. Yours, Piotr // LINK: https://steemit.com/steem/@crypto.piotr/re-steemitblog-social-condenser-is-live-20190403t083122138z
Transaction InfoBlock #31718190/Trx 673dc8dfed01966bd9a492c14b443d5c16a726b7
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  "timestamp": "2019-04-03T09:38:15",
  "op": [
    "transfer",
    {
      "from": "crypto.piotr",
      "to": "robstark",
      "amount": "0.002 STEEM",
      "memo": "Dear [@username], Today I've tried to check my \"wallet\" only to realize that I need to sign in again in order to have an access to it. It seem that Steemit Inc made another awful change that WILL ONLY COMPLICATE this platform even more. Please check out my latest comment and share your view with me. I read all comments. Yours, Piotr // LINK:   https://steemit.com/steem/@crypto.piotr/re-steemitblog-social-condenser-is-live-20190403t083122138z"
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crypto.piotrsent 0.002 STEEM to @robstark- "Dear @robstark, My friend @julianhorack published very interesting post about CENSORSHIP on social media and on blockchain. He does believe that blockchain is our solution and I seem to disagree with ..."
2019/03/30 18:16:36
fromcrypto.piotr
torobstark
amount0.002 STEEM
memoDear @robstark, My friend @julianhorack published very interesting post about CENSORSHIP on social media and on blockchain. He does believe that blockchain is our solution and I seem to disagree with his concept. Perhaps you would like to share your own opinion on this particular topic? I would APPRECIATE very much and I will read, upvote and reply to every single comment. Yours, Piotr // LINK: https://steemit.com/informationwar/@crypto.piotr/re-julianhorack-blockchain-as-the-liberator-of-the-masses-from-the-claws-of-the-nwo-20190330t110024985z
Transaction InfoBlock #31613440/Trx 53e5ac025a31a37b9f8ad7045b7922240cd1bb5a
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  "timestamp": "2019-03-30T18:16:36",
  "op": [
    "transfer",
    {
      "from": "crypto.piotr",
      "to": "robstark",
      "amount": "0.002 STEEM",
      "memo": "Dear @robstark, My friend @julianhorack published very interesting post about CENSORSHIP on social media and on blockchain. He does believe that blockchain is our solution and I seem to disagree with his concept. Perhaps you would like to share your own opinion on this particular topic? I would APPRECIATE very much and I will read, upvote and reply to every single comment. Yours, Piotr // LINK: https://steemit.com/informationwar/@crypto.piotr/re-julianhorack-blockchain-as-the-liberator-of-the-masses-from-the-claws-of-the-nwo-20190330t110024985z"
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2019/03/26 03:07:30
voterrobstark
authormarketstack
permlinkhow-to-download-historical-price-data-from-binance-with-python
weight10000 (100.00%)
Transaction InfoBlock #31480121/Trx 71eea4c1e81cb2d9428cb965077d733be7a14c3d
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crypto.piotrsent 0.002 STEEM to @robstark- "Hi again @robstark. I hope you don't mind one more memo from me. If you do then please let me know and I will not bother you again. EACH WEEKEND I'm trying to promote 1-2 publications which I consider..."
2019/03/24 09:58:51
fromcrypto.piotr
torobstark
amount0.002 STEEM
memoHi again @robstark. I hope you don't mind one more memo from me. If you do then please let me know and I will not bother you again. EACH WEEKEND I'm trying to promote 1-2 publications which I consider VALUABLE and related to BLOCKCHAIN technology. Good friend of mine @guysellars posted interesting article about KYC and AML. I would love to know what is your opinon on this particular subject. Yours, Piotr // LINK: https://steemit.com/bitcoin/@crypto.piotr/re-guysellars-kyc-and-aml-are-good-yum-20190324t092617518z
Transaction InfoBlock #31430768/Trx ac8426cdacd04b3a9fb35ab8b53bdc2830088948
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  "virtual_op": 0,
  "timestamp": "2019-03-24T09:58:51",
  "op": [
    "transfer",
    {
      "from": "crypto.piotr",
      "to": "robstark",
      "amount": "0.002 STEEM",
      "memo": "Hi again @robstark. I hope you don't mind one more memo from me. If you do then please let me know and I will not bother you again. EACH WEEKEND I'm trying to promote 1-2 publications which I consider VALUABLE and related to BLOCKCHAIN technology. Good friend of mine @guysellars posted interesting article about KYC and AML. I would love to know what is your opinon on this particular subject. Yours, Piotr // LINK: https://steemit.com/bitcoin/@crypto.piotr/re-guysellars-kyc-and-aml-are-good-yum-20190324t092617518z"
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crypto.piotrsent 0.002 STEEM to @robstark- "Dear @robstark. Have you ever been wondering about purchasing your own NANO Ledger? I did several times. Friend of mine described his own valuable experience with this company and I would like to shar..."
2019/03/24 09:22:42
fromcrypto.piotr
torobstark
amount0.002 STEEM
memoDear @robstark. Have you ever been wondering about purchasing your own NANO Ledger? I did several times. Friend of mine described his own valuable experience with this company and I would like to share link to his publication with you. Perhaps you will find it useful or even you could share your own experience with NANO Ledgers? I will gladly read all comments. Yours, Piotr // LINK: https://steemit.com/business/@crypto.piotr/re-roleerob-celebrating-good-business-latest-from-ledger-20190324t090152829z
Transaction InfoBlock #31430045/Trx 0689f5ffeb410703cbc6ac84458e63381e270651
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  "timestamp": "2019-03-24T09:22:42",
  "op": [
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    {
      "from": "crypto.piotr",
      "to": "robstark",
      "amount": "0.002 STEEM",
      "memo": "Dear @robstark. Have you ever been wondering about purchasing your own NANO Ledger? I did several times. Friend of mine described his own valuable experience with this company and I would like to share link to his publication with you. Perhaps you will find it useful or even you could share your own experience with NANO Ledgers? I will gladly read all comments. Yours, Piotr // LINK: https://steemit.com/business/@crypto.piotr/re-roleerob-celebrating-good-business-latest-from-ledger-20190324t090152829z"
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2019/03/12 11:52:21
voterrobstark
authorrobstark
permlinkproposal-for-an-application-on-the-blockchain-trackies
weight10000 (100.00%)
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2019/03/10 10:52:30
voterkakan1
authorrobstark
permlinkproposal-for-an-application-on-the-blockchain-trackies
weight10000 (100.00%)
Transaction InfoBlock #31028938/Trx 1db7224e2315773beed14dbff509122aabb381f5
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allazsent 0.001 STEEM to @robstark- "Promote your post. Your post will be min. 10 resteemed with over 13000 followers and min. 25 Upvote Different account. Your post will be more popular and you will find new friends. Send 0.5 SBD or ..."
2019/03/10 10:52:24
fromallaz
torobstark
amount0.001 STEEM
memoPromote your post. Your post will be min. 10 resteemed with over 13000 followers and min. 25 Upvote Different account. Your post will be more popular and you will find new friends. Send 0.5 SBD or STEEM to @allaz (post URL as memo ) Service Active.
Transaction InfoBlock #31028936/Trx 1b47ec26bbbd122c96c10eb2185320146473b7d5
View Raw JSON Data
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  "timestamp": "2019-03-10T10:52:24",
  "op": [
    "transfer",
    {
      "from": "allaz",
      "to": "robstark",
      "amount": "0.001 STEEM",
      "memo": "Promote your post. Your post will be min. 10  resteemed with over 13000  followers and min. 25  Upvote Different account. Your post will be more popular and you will find new friends. Send 0.5 SBD or STEEM to @allaz (post URL as memo ) Service Active."
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2019/03/10 10:51:12
parent author
parent permlinkblockchain
authorrobstark
permlinkproposal-for-an-application-on-the-blockchain-trackies
titleProposal for an application on the blockchain - Trackies
body*I did a high level design of this application a few months ago with the intention of building it out. Unfortunately, I became too busy with personal life and other business ventures. Rather than holding onto it, I would love to see this platform being built, even if I didn't build it myself, as I think it will bring transparency and force integrity in the promotion of projects/tokens (yes I did just use those synonymously).* *Finally, I think it is an application that truly benefits from a blockchain over a database. Good luck with taking on this project, I will be keeping an eye out for it. P.s. The name Trackies is for fun, whereby we would track calls made by investors whilst a play on the Australian phrase of referring to tracksuits as trackies. Comment below if you want me to answer any follow up questions* # **Trackies – Investment calls on the blockchain** Like a twitter for advisors (leaders) to announce their trades and have their work rewarded by having investors (mates) follow them. This platform aims to solve the problem of crypto transparency in trading. If you make a call on a token/cryptocurrency, it is recorded to the blockchain to allow potential investors to honestly monitor the performance of your portfolio. The token will be used to gain access to trading leaders calls, crypto information and current breakdown of their portfolio. The future is, "check it on the blockchain", a future where you can't just promote your good calls and hide the bad ones. As it works today, only regulatory bodies with finite resources, capped by the limits of the sovereign nation and its laws and the rigor of human intervention keep investment advisors honest. Worse, as we move to an international market, YouTubers, Twitter personalities and bloggers can steal the attention of investors, make multiple calls and sing to the mountain when some of these calls are correct, hide in the noise the calls that went belly up. A centralised service that tracks portfolio performance can be corrupted and manipulated by big players, institutions and the hosting company. It could be hacked, attacked and bought down my malicious third parties. We never really know what the true state of the ledger looks like, locked behind firewalls and held in single institution databases. This lack of transparency hurts the integrity of any centralised system that wants to support the promotion and trust of good investors, offering real value and sustained performance of leaders. The use of a blockchain for this application dominates its database peers by offering transparency, integrity, immutability, security and all without a single intermediary. The token has value instantly and the market for such a service already exists. Acknowledging that blockchain is less programmatically, read/write and update efficient than it's database peers, it seems quite obvious that this application gets more benefit from using a blockchain. ## How will it work - high level Portfolio performance: it all comes down to idea of a portfolio. I have zero balance, I make a call to buy x number of token y on this date. Tracked against an average of the major exchanges, if my token goes up by z% my track is up some %. If my token goes down z% my track is down some %. - The user logins and creates an account. One account can be both a leader or mate. - They look at the 'leaderboard' or search to find 'leaders'. Leader board can be expanded from the default top 20 leaders to up to 100 per page. The information provided before clicking on the profile include: number of mates, portfolio performance represented as either BTC/USD % gain, name, profile pic, possibly an approval rating based on the average of the scores of set metrics mates can leave feedback on. - When they click on a leader they see a dashboard with the following information: - SEE notes titled "Metrics to be displayed" - Follow a leader by loading their wallet and paying the leaders fee. The token has instant value by providing the payment method between mates and leaders - The investors registers a call/transaction. Set criteria i.e. name of token/currency, time/date, amount. It's registered this to the blockchain, hence creating the start of their portfolio. OR create a trial portfolio, which isn't registered to the blockchain but let's them learn to use the system. This information is NOT publicly available - Mates have the ability to filter leaders by time periods (i.e. what was the top broker during the dips), filter by crypto assets classes (product vs platform vs currency), individual coins, a collection of coins you've deemed of interest. ## Metrics to be displayed to the users (BEFORE they follow) 1. How many calls have I made? 2. Number of Mates (followers) 3. How many tokens have I diversified in? Shades of grey pie chart. 4. When was my last call? 5. How frequent are my calls? 6. Approval rating score 7. Performance over time ## Additional metrics to be displayed to the users (AFTER THEY FOLLOW) 1. Portfolio performance breakdown (the previous shades of grey pie chart showing diversification now comes alive with colours showing each token and it's %). 2. Any information shared (TBD- this might be priced separately) 3. Activity log of past calls 4. All future calls 5. More granular rating score - frequency, level of detail/sophistication, presenting them in any easy fashion or not. ## **What problems are we solving?** 1. A public ledger free of investment conflicts, free of manipulation or corruption. Border less without the need for a single jurisdiction regulator 2. Honest comparison of portfolio performance of advisers 3. Transparency, anti-manipulation, anti-corruption, can't be shut down, international and owner less. ## **Questions about building a blockchain application I still need to understand** 1. What are the pros/cons of the potential consensus algorithms? Which metrics do you use to determine which consensus algorithms to use. 2. Which blockchain to build on? What's the benefit of each? Which metrics are important? (community, transaction speed, security, network, future developers plans?) 3. How do most of people with an idea go about building their first blockchain project? Are you all doing it by yourself? Have you raised capital to put together a team? Have you got at third party development team? 4. How do you test? Obviously using a testnet, but do the same developers do the testing or have you hired a third party? 5. How does the order of importance building a blockchain application differ from a standard webapp? i.e. do you need to have the front end webapp designs, then marry that to a data structure and pitch it all together? 6. How do we work with a wallet or other existing wallets? Obviously this depends on the blockchain you develop on, ERC20? 7. How does the token sale actually work? It is manual? Do they just transfer and leave an address? 8. How to create the software for people to act as nodes? This is separate to the application code right? This is the protocol that dictates everything 9. How and what data do we store where? Obviously there's a transaction fee to respect on the blockchain networks, so you don't want to store everything, how do you determine what needs to be on the blockchain? Just what needs to be immutable, transparent, censorship resistant etc etc. Does the rest just get stored on IPFS and CDNs? 10. How does identity work on the blockchain - who verifies that you are who you say you are? How do we stop sybil attacks? If you don't know who the user is, how do you stop people signing up for multiple accounts and interacting with one another to game the system? 11. Account vs private keys - security vs convenience? How do you decide? 12. Do you have to create a blockchain before you can do an ico? If not, how does it work? How can you distribute tokens without an existing blockchain? 13. How do you set the gas amount to be paid per write to the blockchain? How do you scale that with the blockchain transactions? ### **What gets stored on the blockchain?** #### The call and all of it's components, including: • Type - buy/sell • Token/currency • Date/time of the call commit • Increment of the call to the total number of calls • Total number of calls per person • Code #### **Token related questions** • How many? • Burn vs movement • How many do we keep ourselves • How many do we keep and distribute? • How does the time locked contracts work for ensuring trust to investors that developers won't 100% of the token and run off ### **Questions about the platform/business** 1. How do we want to do ICO/fundraising 3. ICO or capital raising - 25% held by the team, 50% development, 10% legal, 15% marketing. A time locked contract that the issuing teams tokens can't be traded or even owned by the team until certain milestones are met. 4. How do we look at other 'calls/predictions'? News? Financial products like shorts? Foreign exchange, stocks 5. Token cap, will we have a set number that are "found" as transactions are made. I.e I make a transaction to an investor I follow and have a 0.001% chance of discovering new tokens. Hard cap? Time based cap? Ie x number get found each year to maintain price stability. 6. How does the token trade work? Do they sign up for a month - get access to all of the previous calls, information and current calls? If so they can effectively see the portfolio of all leaders quite cheaply and can then disappear. Can we allow a leader to release things separately i.e. just portfolio breakdown for $x, then additional for information and future calls? 7. Are calls made against the dollar figure or the bitcoin figure? 8. How does the payment method work? 9. How do leaders get represented for their previous calls, i.e. before trackies ever exited? Do previous calls matter? Should we allow them to have their previous portfolio? 10. How does information get surfaced? What format 11. Can we allow tracking against bot calls being read in? A way for investors to honestly track the performance of bots? ## **Problems that will damage the integrity of the platform** ##### 1. How do we stop a single trader becoming big enough that they can manipulate the market and continue to improve their own performance - a spiral of success. What happens if traders decide not to charge much at all to build a following, then use it to manipulate the market? Be careful a single trader doesn't become so powerful they can manipulate the market • Cap the number of calls per period? But this will hurt our attempts at promoting free open markets and it will not work with bots • Charge fee based on portfolio performance ranking ##### 2. How to stop people copying other people's portfolio and information and claiming it as their own? • Does it matter if they copy the portfolio? That's kind of the point • According to an efficient market hypothesis - Once information is available hasn't the market already reacted? ##### 3. How do we stop people having multiple accounts on such a scale that they can eventually get lucky with one account? Sybil attack Need to make sure the user can't create multiple accounts to play the numbers and hence have 10 accounts making opposite calls on the coins and ending up with a 'super' account • Wait period after sign up before you can have followers? • Is this going to be a problem? Once the market gets big enough the rubbish and noise accounts will fall to the waste? • Research how identity blockchain platforms actually work? Perhaps a partnership? ##### 4. Legality of the platform - You can't give financial advice if you aren't a financial advisor • In which jurisdiction? • Once the platform is created it can't be bought down • You don't know who the person is who owns the account. • Does cryptocurrency and tokens even count as financial advise? Or is it only if you use financial products such as shorting and taking a position? ##### 5. How do we include derivatives of certain tokens i.e. airdrops, staking etc? ##### 6. How do we make sure the inflation of the token doesn't ruin the usage of the token and promote long term 'hodlers'? • Market rate? • Rate based on ranking? • Let the value naturally inflate, but keep it divisible? ##### 7. How can people game the system to just pump their account/performance? • Potentially through the rankings of their information? • Organised pump and dump schemes • Can we create a ranking to vote out users who are obviously pumping and dumping? ##### 8. How do we stop the leader inviting its followers to follow them on an alternative platform and then take advantage? • Simple warnings not to communicate outside of this platform?? #### **Why do people use brokers?** 1. Access to IPOs and in*I did a high level design of this application a few months ago with the intention of building it out. Unfortunately, I became too busy with personal life and other business ventures. Rather than holding onto it, I would love to see this platform being built, even if I didn't build it myself, as I think it will bring transparency and force integrity in the promotion of projects/tokens (yes I did just use those synonymously).* *Finally, I think it is an application that truly benefits from a blockchain over a database. Good luck with taking on this project, I will be keeping an eye out for it. P.s. The name Trackies is for fun, whereby we would track calls made by investors whilst a play on the Australian phrase of referring to tracksuits as trackies. Comment below if you want me to answer any follow up questions* # **Trackies – Investment calls on the blockchain** Like a twitter for advisors (leaders) to announce their trades and have their work rewarded by having investors (mates) follow them. This platform aims to solve the problem of crypto transparency in trading. If you make a call on a token/cryptocurrency, it is recorded to the blockchain to allow potential investors to honestly monitor the performance of your portfolio. The token will be used to gain access to trading leaders calls, crypto information and current breakdown of their portfolio. The future is, "check it on the blockchain", a future where you can't just promote your good calls and hide the bad ones. As it works today, only regulatory bodies with finite resources, capped by the limits of the sovereign nation and its laws and the rigor of human intervention keep investment advisors honest. Worse, as we move to an international market, YouTubers, Twitter personalities and bloggers can steal the attention of investors, make multiple calls and sing to the mountain when some of these calls are correct, hide in the noise the calls that went belly up. A centralised service that tracks portfolio performance can be corrupted and manipulated by big players, institutions and the hosting company. It could be hacked, attacked and bought down my malicious third parties. We never really know what the true state of the ledger looks like, locked behind firewalls and held in single institution databases. This lack of transparency hurts the integrity of any centralised system that wants to support the promotion and trust of good investors, offering real value and sustained performance of leaders. The use of a blockchain for this application dominates its database peers by offering transparency, integrity, immutability, security and all without a single intermediary. The token has value instantly and the market for such a service already exists. Acknowledging that blockchain is less programmatically, read/write and update efficient than it's database peers, it seems quite obvious that this application gets more benefit from using a blockchain. ## How will it work - high level Portfolio performance: it all comes down to idea of a portfolio. I have zero balance, I make a call to buy x number of token y on this date. Tracked against an average of the major exchanges, if my token goes up by z% my track is up some %. If my token goes down z% my track is down some %. - The user logins and creates an account. One account can be both a leader or mate. - They look at the 'leaderboard' or search to find 'leaders'. Leader board can be expanded from the default top 20 leaders to up to 100 per page. The information provided before clicking on the profile include: number of mates, portfolio performance represented as either BTC/USD % gain, name, profile pic, possibly an approval rating based on the average of the scores of set metrics mates can leave feedback on. - When they click on a leader they see a dashboard with the following information: - SEE notes titled "Metrics to be displayed" - Follow a leader by loading their wallet and paying the leaders fee. The token has instant value by providing the payment method between mates and leaders - The investors registers a call/transaction. Set criteria i.e. name of token/currency, time/date, amount. It's registered this to the blockchain, hence creating the start of their portfolio. OR create a trial portfolio, which isn't registered to the blockchain but let's them learn to use the system. This information is NOT publicly available - Mates have the ability to filter leaders by time periods (i.e. what was the top broker during the dips), filter by crypto assets classes (product vs platform vs currency), individual coins, a collection of coins you've deemed of interest. ## Metrics to be displayed to the users (BEFORE they follow) 1. How many calls have I made? 2. Number of Mates (followers) 3. How many tokens have I diversified in? Shades of grey pie chart. 4. When was my last call? 5. How frequent are my calls? 6. Approval rating score 7. Performance over time ## Additional metrics to be displayed to the users (AFTER THEY FOLLOW) 1. Portfolio performance breakdown (the previous shades of grey pie chart showing diversification now comes alive with colours showing each token and it's %). 2. Any information shared (TBD- this might be priced separately) 3. Activity log of past calls 4. All future calls 5. More granular rating score - frequency, level of detail/sophistication, presenting them in any easy fashion or not. ## **What problems are we solving?** 1. A public ledger free of investment conflicts, free of manipulation or corruption. Border less without the need for a single jurisdiction regulator 2. Honest comparison of portfolio performance of advisers 3. Transparency, anti-manipulation, anti-corruption, can't be shut down, international and owner less. ## **Questions about building a blockchain application I still need to understand** 1. What are the pros/cons of the potential consensus algorithms? Which metrics do you use to determine which consensus algorithms to use. 2. Which blockchain to build on? What's the benefit of each? Which metrics are important? (community, transaction speed, security, network, future developers plans?) 3. How do most of people with an idea go about building their first blockchain project? Are you all doing it by yourself? Have you raised capital to put together a team? Have you got at third party development team? 4. How do you test? Obviously using a testnet, but do the same developers do the testing or have you hired a third party? 5. How does the order of importance building a blockchain application differ from a standard webapp? i.e. do you need to have the front end webapp designs, then marry that to a data structure and pitch it all together? 6. How do we work with a wallet or other existing wallets? Obviously this depends on the blockchain you develop on, ERC20? 7. How does the token sale actually work? It is manual? Do they just transfer and leave an address? 8. How to create the software for people to act as nodes? This is separate to the application code right? This is the protocol that dictates everything 9. How and what data do we store where? Obviously there's a transaction fee to respect on the blockchain networks, so you don't want to store everything, how do you determine what needs to be on the blockchain? Just what needs to be immutable, transparent, censorship resistant etc etc. Does the rest just get stored on IPFS and CDNs? 10. How does identity work on the blockchain - who verifies that you are who you say you are? How do we stop sybil attacks? If you don't know who the user is, how do you stop people signing up for multiple accounts and interacting with one another to game the system? 11. Account vs private keys - security vs convenience? How do you decide? 12. Do you have to create a blockchain before you can do an ico? If not, how does it work? How can you distribute tokens without an existing blockchain? 13. How do you set the gas amount to be paid per write to the blockchain? How do you scale that with the blockchain transactions? ### **What gets stored on the blockchain?** #### The call and all of it's components, including: • Type - buy/sell • Token/currency • Date/time of the call commit • Increment of the call to the total number of calls • Total number of calls per person • Code #### **Token related questions** • How many? • Burn vs movement • How many do we keep ourselves • How many do we keep and distribute? • How does the time locked contracts work for ensuring trust to investors that developers won't 100% of the token and run off ### **Questions about the platform/business** 1. How do we want to do ICO/fundraising 3. ICO or capital raising - 25% held by the team, 50% development, 10% legal, 15% marketing. A time locked contract that the issuing teams tokens can't be traded or even owned by the team until certain milestones are met. 4. How do we look at other 'calls/predictions'? News? Financial products like shorts? Foreign exchange, stocks 5. Token cap, will we have a set number that are "found" as transactions are made. I.e I make a transaction to an investor I follow and have a 0.001% chance of discovering new tokens. Hard cap? Time based cap? Ie x number get found each year to maintain price stability. 6. How does the token trade work? Do they sign up for a month - get access to all of the previous calls, information and current calls? If so they can effectively see the portfolio of all leaders quite cheaply and can then disappear. Can we allow a leader to release things separately i.e. just portfolio breakdown for $x, then additional for information and future calls? 7. Are calls made against the dollar figure or the bitcoin figure? 8. How does the payment method work? 9. How do leaders get represented for their previous calls, i.e. before trackies ever exited? Do previous calls matter? Should we allow them to have their previous portfolio? 10. How does information get surfaced? What format 11. Can we allow tracking against bot calls being read in? A way for investors to honestly track the performance of bots? ## **Problems that will damage the integrity of the platform** ##### 1. How do we stop a single trader becoming big enough that they can manipulate the market and continue to improve their own performance - a spiral of success. What happens if traders decide not to charge much at all to build a following, then use it to manipulate the market? Be careful a single trader doesn't become so powerful they can manipulate the market • Cap the number of calls per period? But this will hurt our attempts at promoting free open markets and it will not work with bots • Charge fee based on portfolio performance ranking ##### 2. How to stop people copying other people's portfolio and information and claiming it as their own? • Does it matter if they copy the portfolio? That's kind of the point • According to an efficient market hypothesis - Once information is available hasn't the market already reacted? ##### 3. How do we stop people having multiple accounts on such a scale that they can eventually get lucky with one account? Sybil attack Need to make sure the user can't create multiple accounts to play the numbers and hence have 10 accounts making opposite calls on the coins and ending up with a 'super' account • Wait period after sign up before you can have followers? • Is this going to be a problem? Once the market gets big enough the rubbish and noise accounts will fall to the waste? • Research how identity blockchain platforms actually work? Perhaps a partnership? ##### 4. Legality of the platform - You can't give financial advice if you aren't a financial advisor • In which jurisdiction? • Once the platform is created it can't be bought down • You don't know who the person is who owns the account. • Does cryptocurrency and tokens even count as financial advise? Or is it only if you use financial products such as shorting and taking a position? ##### 5. How do we include derivatives of certain tokens i.e. airdrops, staking etc? ##### 6. How do we make sure the inflation of the token doesn't ruin the usage of the token and promote long term 'hodlers'? • Market rate? • Rate based on ranking? • Let the value naturally inflate, but keep it divisible? ##### 7. How can people game the system to just pump their account/performance? • Potentially through the rankings of their information? • Organised pump and dump schemes • Can we create a ranking to vote out users who are obviously pumping and dumping? ##### 8. How do we stop the leader inviting its followers to follow them on an alternative platform and then take advantage? • Simple warnings not to communicate outside of this platform?? #### **Why do people use brokers?** 1. Access to IPOs and information = ICO + maybe an information section? 2. Knowledge of companies and investment opportunities= Included in platform? 3. Comfort of trading = Blockchain provides immutable proof of backing 4. Personalised service= Maybe a chat feature? Chat bot? 5. Competitive pricing for IPOs and Forex formation = ICO + maybe an information section? 2. Knowledge of companies and investment opportunities= Included in platform? 3. Comfort of trading = Blockchain provides immutable proof of backing 4. Personalised service= Maybe a chat feature? Chat bot? 5. Competitive pricing for IPOs and Forex EDIT: This is similar to eToro but decentralised, democratised and open.
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  "timestamp": "2019-03-10T10:51:12",
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    "comment",
    {
      "parent_author": "",
      "parent_permlink": "blockchain",
      "author": "robstark",
      "permlink": "proposal-for-an-application-on-the-blockchain-trackies",
      "title": "Proposal for an application on the blockchain - Trackies",
      "body": "*I did a high level design of this application a few months ago with the intention of building it out. Unfortunately, I became too busy with personal life and other business ventures. Rather than holding onto it, I would love to see this platform being built, even if I didn't build it myself, as I think it will bring transparency and force integrity in the promotion of projects/tokens (yes I did just use those synonymously).*\n\n*Finally, I think it is an application that truly benefits from a blockchain over a database. Good luck with taking on this project, I will be keeping an eye out for it. \nP.s. The name Trackies is for fun, whereby we would track calls made by investors whilst a play on the Australian phrase of referring to tracksuits as trackies. Comment below if you want me to answer any follow up questions*\n\n# **Trackies – Investment calls on the blockchain**\n\nLike a twitter for advisors (leaders) to announce their trades and have their work rewarded by having investors (mates) follow them. \n \nThis platform aims to solve the problem of crypto transparency in trading. If you make a call on a token/cryptocurrency, it is recorded to the blockchain to allow potential investors to honestly monitor the performance of your portfolio. The token will be used to gain access to trading leaders calls, crypto information and current breakdown of their portfolio. \n \nThe future is, \"check it on the blockchain\", a future where you can't just promote your good calls and hide the bad ones.\n \nAs it works today, only regulatory bodies with finite resources, capped by the limits of the sovereign nation and its laws and the rigor of human intervention keep investment advisors honest. Worse, as we move to an international market, YouTubers, Twitter personalities and bloggers can steal the attention of investors, make multiple calls and sing to the mountain when some of these calls are correct, hide in the noise the calls that went belly up. \n\nA centralised service that tracks portfolio performance can be corrupted and manipulated by big players, institutions and the hosting company. It could be hacked, attacked and bought down my malicious third parties. We never really know what the true state of the ledger looks like, locked behind firewalls and held in single institution databases. This lack of transparency hurts the integrity of any centralised system that wants to support the promotion and trust of good investors, offering real value and sustained performance of leaders.\n\nThe use of a blockchain for this application dominates its database peers by offering transparency, integrity, immutability, security and all without a single intermediary. The token has value instantly and the market for such a service already exists. Acknowledging that blockchain is less programmatically, read/write and update efficient than it's database peers, it seems quite obvious that this application gets more benefit from using a blockchain. \n\n## How will it work - high level\nPortfolio performance: it all comes down to idea of a portfolio. I have zero balance, I make a call to buy x number of token y on this date. Tracked against an average of the major exchanges, if my token goes up by z% my track is up some %. If my token goes down z% my track is down some %.\n \n-\tThe user logins and creates an account. One account can be both a leader or mate.\n-\tThey look at the 'leaderboard' or search to find 'leaders'. Leader board can be expanded from the default top 20 leaders to up to 100 per page. The information provided before clicking on the profile include: number of mates, portfolio performance represented as either BTC/USD % gain, name, profile pic, possibly an approval rating based on the average of the scores of set metrics mates can leave feedback on. \n-\tWhen they click on a leader they see a dashboard with the following information:\n\t- SEE notes titled \"Metrics to be displayed\"\n-\tFollow a leader by loading their wallet and paying the leaders fee. The token has instant value by providing the payment method between mates and leaders\n-\tThe investors registers a call/transaction. Set criteria i.e. name of token/currency, time/date, amount. It's registered this to the blockchain, hence creating the start of their portfolio. OR create a trial portfolio, which isn't registered to the blockchain but let's them learn to use the system. This information is NOT publicly available\n-\tMates have the ability to filter leaders by time periods (i.e. what was the top broker during the dips), filter by crypto assets classes (product vs platform vs currency), individual coins, a collection of coins you've deemed of interest.\n\n## Metrics to be displayed to the users (BEFORE they follow)\n\n1.\tHow many calls have I made?\n2.\tNumber of Mates (followers)\n3.\tHow many tokens have I diversified in?  Shades of grey pie chart. \n4.\tWhen was my last call?\n5.\tHow frequent are my calls?\n6.\tApproval rating score\n7.\tPerformance over time\n\n## Additional metrics to be displayed to the users (AFTER THEY FOLLOW)\n\n1.\tPortfolio performance breakdown (the previous shades of grey pie chart showing diversification now comes alive with colours showing each token and it's %).\n2.\tAny information shared (TBD- this might be priced separately)\n3.\tActivity log of past calls\n4.\tAll future calls\n5.\tMore granular rating score -  frequency, level of detail/sophistication, presenting them in any easy fashion or not.\n\n## **What problems are we solving?**\n\n1.\tA public ledger free of investment conflicts,  free of manipulation or corruption. Border less without the need for a single jurisdiction regulator\n\n2.\tHonest comparison of portfolio performance of advisers\n\n3.\tTransparency, anti-manipulation, anti-corruption, can't be shut down, international and owner less.\n\n## **Questions about building a blockchain application I still need to understand** \n\n1.\tWhat are the pros/cons of the potential consensus algorithms? Which metrics do you use to determine which consensus algorithms to use. \n\n2.\tWhich blockchain to build on? What's the benefit of each? Which metrics are important? (community, transaction speed, security, network, future developers plans?)\n\n3.\tHow do most of people with an idea go about building their first blockchain project? Are you all doing it by yourself? Have you raised capital to put together a team? Have you got at third party development team? \n\n4.\tHow do you test? Obviously using a testnet, but do the same developers do the testing or have you hired a third party?\n\n5.\tHow does the order of importance building a blockchain application differ from a standard webapp? i.e. do you need to have the front end webapp designs, then marry that to a data structure and pitch it all together?\n\n6.\tHow do we work with a wallet or other existing wallets? Obviously this depends on the blockchain you develop on, ERC20? \n\n7.\tHow does the token sale actually work? It is manual? Do they just transfer and leave an address?\n\n8.\tHow to create the software for people to act as nodes? This is separate to the application code right? This is the protocol that dictates everything\n\n9.\tHow and what data do we store where? Obviously there's a transaction fee to respect on the blockchain networks, so you don't want to store everything, how do you determine what needs to be on the blockchain? Just what needs to be immutable, transparent, censorship resistant etc etc. Does the rest just get stored on IPFS and CDNs?\n\n10.\tHow does identity work on the blockchain - who verifies that you are who you say you are? How do we stop sybil attacks? If you don't know who the user is, how do you stop people signing up for multiple accounts and interacting with one another to game the system?\n\n11.\tAccount vs private keys - security vs convenience? How do you decide?\n\n12.\tDo you have to create a blockchain before you can do an ico? If not, how does it work? How can you distribute tokens without an existing blockchain?\n\n13.\tHow do you set the gas amount to be paid per write to the blockchain? How do you scale that with the blockchain transactions?\n\n### **What gets stored on the blockchain?**\n \n#### The call and all of it's components, including:\n \n•\tType - buy/sell\n•\tToken/currency\n•\tDate/time of the call commit\n•\tIncrement of the call to the total number of calls\n•\tTotal number of calls per person\n•\tCode\n\n#### **Token related questions**\n\n•\tHow many?\n•\tBurn vs movement\n•\tHow many do we keep ourselves\n•\tHow many do we keep and distribute? \n•\tHow does the time locked contracts work for ensuring trust to investors that developers won't 100% of the token and run off\n\n### **Questions about the platform/business**\n\n1.\tHow do we want to do ICO/fundraising\n\n3.\tICO or capital raising - 25% held by the team, 50% development, 10% legal, 15% marketing. A time locked contract that the issuing teams tokens can't be traded or even owned by the team until certain milestones are met. \n\n4.\tHow do we look at other 'calls/predictions'? News? Financial products like shorts? Foreign exchange, stocks\n\n5.\tToken cap, will we have a set number that are \"found\" as transactions are made. I.e I make a transaction to an investor I follow and have a 0.001% chance of discovering new tokens. Hard cap? Time based cap? Ie x number get found each year to maintain price stability.\n\n6.\tHow does the token trade work? Do they sign up for a month - get access to all of the previous calls, information and current calls? If so they can effectively see the portfolio of all leaders quite cheaply and can then disappear. Can we allow a leader to release things separately i.e. just portfolio breakdown for $x, then additional for information and future calls? \n\n7.\tAre calls made against the dollar figure or the bitcoin figure?\n\n8.\tHow does the payment method work?\n\n9.\tHow do leaders get represented for their previous calls, i.e. before trackies ever exited? Do previous calls matter? Should we allow them to have their previous portfolio?\n\n10.\tHow does information get surfaced? What format\n\n11.\tCan we allow tracking against bot calls being read in? A way for investors to honestly track the performance of bots?\n\n\n## **Problems that will damage the integrity of the platform**\n\n##### 1. How do we stop a single trader becoming big enough that they can manipulate the market and continue to improve their own performance - a spiral of success.\nWhat happens if traders decide not to charge much at all to build a following, then use it to manipulate the market?\n \nBe careful a single trader doesn't become so powerful they can manipulate the market\t\n•\tCap the number of calls per period? But this will hurt our attempts at promoting free open markets and it will not work with bots\n•\tCharge fee based on portfolio performance ranking\n \n#####  2. How to stop people copying other people's portfolio and information and claiming it as their own?\t\n\n•\tDoes it matter if they copy the portfolio? That's kind of the point\n•\tAccording to an efficient market hypothesis - Once information is available hasn't the market already reacted?\n\n#####  3. How do we stop people having multiple accounts on such a scale that they can eventually get lucky with one account? Sybil attack\n \nNeed to make sure the user can't create multiple accounts to play the numbers and hence have 10 accounts making opposite calls on the coins and ending up with a 'super' account\t\n\n•\tWait period after sign up before you can have followers?\n•\tIs this going to be a problem? Once the market gets big enough the rubbish and noise accounts will fall to the waste?\n•\tResearch how identity blockchain platforms actually work? Perhaps a partnership?\n\n#####  4. Legality of the platform - You can't give financial advice if you aren't a financial advisor\t\n\n•\tIn which jurisdiction?\n•\tOnce the platform is created it can't be bought down\n•\tYou don't know who the person is who owns the account. \n•\tDoes cryptocurrency and tokens even count as financial advise? Or is it only if you use financial products such as shorting and taking a position?\n\n#####  5. How do we include derivatives of certain tokens i.e. airdrops, staking etc?\t \n\n#####  6. How do we make sure the inflation of the token doesn't ruin the usage of the token and promote long term 'hodlers'?\t\n\n•\tMarket rate? \n•\tRate based on ranking?\n•\tLet the value naturally inflate, but keep it divisible?\n\n#####  7. How can people game the system to just pump their account/performance? \t\n\n•\tPotentially through the rankings of their information?\n•\tOrganised pump and dump schemes\n•\tCan we create a ranking to vote out users who are obviously pumping and dumping?\n\n#####  8. How do we stop the leader inviting its followers to follow them on an alternative platform and then take advantage?\n\n•\tSimple warnings not to communicate outside of this platform??\n\n#### **Why do people use brokers?**\n \n1. Access to IPOs and in*I did a high level design of this application a few months ago with the intention of building it out. Unfortunately, I became too busy with personal life and other business ventures. Rather than holding onto it, I would love to see this platform being built, even if I didn't build it myself, as I think it will bring transparency and force integrity in the promotion of projects/tokens (yes I did just use those synonymously).*\n\n*Finally, I think it is an application that truly benefits from a blockchain over a database. Good luck with taking on this project, I will be keeping an eye out for it. \nP.s. The name Trackies is for fun, whereby we would track calls made by investors whilst a play on the Australian phrase of referring to tracksuits as trackies. Comment below if you want me to answer any follow up questions*\n\n# **Trackies – Investment calls on the blockchain**\n\nLike a twitter for advisors (leaders) to announce their trades and have their work rewarded by having investors (mates) follow them. \n \nThis platform aims to solve the problem of crypto transparency in trading. If you make a call on a token/cryptocurrency, it is recorded to the blockchain to allow potential investors to honestly monitor the performance of your portfolio. The token will be used to gain access to trading leaders calls, crypto information and current breakdown of their portfolio. \n \nThe future is, \"check it on the blockchain\", a future where you can't just promote your good calls and hide the bad ones.\n \nAs it works today, only regulatory bodies with finite resources, capped by the limits of the sovereign nation and its laws and the rigor of human intervention keep investment advisors honest. Worse, as we move to an international market, YouTubers, Twitter personalities and bloggers can steal the attention of investors, make multiple calls and sing to the mountain when some of these calls are correct, hide in the noise the calls that went belly up. \n\nA centralised service that tracks portfolio performance can be corrupted and manipulated by big players, institutions and the hosting company. It could be hacked, attacked and bought down my malicious third parties. We never really know what the true state of the ledger looks like, locked behind firewalls and held in single institution databases. This lack of transparency hurts the integrity of any centralised system that wants to support the promotion and trust of good investors, offering real value and sustained performance of leaders.\n\nThe use of a blockchain for this application dominates its database peers by offering transparency, integrity, immutability, security and all without a single intermediary. The token has value instantly and the market for such a service already exists. Acknowledging that blockchain is less programmatically, read/write and update efficient than it's database peers, it seems quite obvious that this application gets more benefit from using a blockchain. \n\n## How will it work - high level\nPortfolio performance: it all comes down to idea of a portfolio. I have zero balance, I make a call to buy x number of token y on this date. Tracked against an average of the major exchanges, if my token goes up by z% my track is up some %. If my token goes down z% my track is down some %.\n \n-\tThe user logins and creates an account. One account can be both a leader or mate.\n-\tThey look at the 'leaderboard' or search to find 'leaders'. Leader board can be expanded from the default top 20 leaders to up to 100 per page. The information provided before clicking on the profile include: number of mates, portfolio performance represented as either BTC/USD % gain, name, profile pic, possibly an approval rating based on the average of the scores of set metrics mates can leave feedback on. \n-\tWhen they click on a leader they see a dashboard with the following information:\n\t- SEE notes titled \"Metrics to be displayed\"\n-\tFollow a leader by loading their wallet and paying the leaders fee. The token has instant value by providing the payment method between mates and leaders\n-\tThe investors registers a call/transaction. Set criteria i.e. name of token/currency, time/date, amount. It's registered this to the blockchain, hence creating the start of their portfolio. OR create a trial portfolio, which isn't registered to the blockchain but let's them learn to use the system. This information is NOT publicly available\n-\tMates have the ability to filter leaders by time periods (i.e. what was the top broker during the dips), filter by crypto assets classes (product vs platform vs currency), individual coins, a collection of coins you've deemed of interest.\n\n## Metrics to be displayed to the users (BEFORE they follow)\n\n1.\tHow many calls have I made?\n2.\tNumber of Mates (followers)\n3.\tHow many tokens have I diversified in?  Shades of grey pie chart. \n4.\tWhen was my last call?\n5.\tHow frequent are my calls?\n6.\tApproval rating score\n7.\tPerformance over time\n\n## Additional metrics to be displayed to the users (AFTER THEY FOLLOW)\n\n1.\tPortfolio performance breakdown (the previous shades of grey pie chart showing diversification now comes alive with colours showing each token and it's %).\n2.\tAny information shared (TBD- this might be priced separately)\n3.\tActivity log of past calls\n4.\tAll future calls\n5.\tMore granular rating score -  frequency, level of detail/sophistication, presenting them in any easy fashion or not.\n\n## **What problems are we solving?**\n\n1.\tA public ledger free of investment conflicts,  free of manipulation or corruption. Border less without the need for a single jurisdiction regulator\n\n2.\tHonest comparison of portfolio performance of advisers\n\n3.\tTransparency, anti-manipulation, anti-corruption, can't be shut down, international and owner less.\n\n## **Questions about building a blockchain application I still need to understand** \n\n1.\tWhat are the pros/cons of the potential consensus algorithms? Which metrics do you use to determine which consensus algorithms to use. \n\n2.\tWhich blockchain to build on? What's the benefit of each? Which metrics are important? (community, transaction speed, security, network, future developers plans?)\n\n3.\tHow do most of people with an idea go about building their first blockchain project? Are you all doing it by yourself? Have you raised capital to put together a team? Have you got at third party development team? \n\n4.\tHow do you test? Obviously using a testnet, but do the same developers do the testing or have you hired a third party?\n\n5.\tHow does the order of importance building a blockchain application differ from a standard webapp? i.e. do you need to have the front end webapp designs, then marry that to a data structure and pitch it all together?\n\n6.\tHow do we work with a wallet or other existing wallets? Obviously this depends on the blockchain you develop on, ERC20? \n\n7.\tHow does the token sale actually work? It is manual? Do they just transfer and leave an address?\n\n8.\tHow to create the software for people to act as nodes? This is separate to the application code right? This is the protocol that dictates everything\n\n9.\tHow and what data do we store where? Obviously there's a transaction fee to respect on the blockchain networks, so you don't want to store everything, how do you determine what needs to be on the blockchain? Just what needs to be immutable, transparent, censorship resistant etc etc. Does the rest just get stored on IPFS and CDNs?\n\n10.\tHow does identity work on the blockchain - who verifies that you are who you say you are? How do we stop sybil attacks? If you don't know who the user is, how do you stop people signing up for multiple accounts and interacting with one another to game the system?\n\n11.\tAccount vs private keys - security vs convenience? How do you decide?\n\n12.\tDo you have to create a blockchain before you can do an ico? If not, how does it work? How can you distribute tokens without an existing blockchain?\n\n13.\tHow do you set the gas amount to be paid per write to the blockchain? How do you scale that with the blockchain transactions?\n\n### **What gets stored on the blockchain?**\n \n#### The call and all of it's components, including:\n \n•\tType - buy/sell\n•\tToken/currency\n•\tDate/time of the call commit\n•\tIncrement of the call to the total number of calls\n•\tTotal number of calls per person\n•\tCode\n\n#### **Token related questions**\n\n•\tHow many?\n•\tBurn vs movement\n•\tHow many do we keep ourselves\n•\tHow many do we keep and distribute? \n•\tHow does the time locked contracts work for ensuring trust to investors that developers won't 100% of the token and run off\n\n### **Questions about the platform/business**\n\n1.\tHow do we want to do ICO/fundraising\n\n3.\tICO or capital raising - 25% held by the team, 50% development, 10% legal, 15% marketing. A time locked contract that the issuing teams tokens can't be traded or even owned by the team until certain milestones are met. \n\n4.\tHow do we look at other 'calls/predictions'? News? Financial products like shorts? Foreign exchange, stocks\n\n5.\tToken cap, will we have a set number that are \"found\" as transactions are made. I.e I make a transaction to an investor I follow and have a 0.001% chance of discovering new tokens. Hard cap? Time based cap? Ie x number get found each year to maintain price stability.\n\n6.\tHow does the token trade work? Do they sign up for a month - get access to all of the previous calls, information and current calls? If so they can effectively see the portfolio of all leaders quite cheaply and can then disappear. Can we allow a leader to release things separately i.e. just portfolio breakdown for $x, then additional for information and future calls? \n\n7.\tAre calls made against the dollar figure or the bitcoin figure?\n\n8.\tHow does the payment method work?\n\n9.\tHow do leaders get represented for their previous calls, i.e. before trackies ever exited? Do previous calls matter? Should we allow them to have their previous portfolio?\n\n10.\tHow does information get surfaced? What format\n\n11.\tCan we allow tracking against bot calls being read in? A way for investors to honestly track the performance of bots?\n\n\n## **Problems that will damage the integrity of the platform**\n\n##### 1. How do we stop a single trader becoming big enough that they can manipulate the market and continue to improve their own performance - a spiral of success.\nWhat happens if traders decide not to charge much at all to build a following, then use it to manipulate the market?\n \nBe careful a single trader doesn't become so powerful they can manipulate the market\t\n•\tCap the number of calls per period? But this will hurt our attempts at promoting free open markets and it will not work with bots\n•\tCharge fee based on portfolio performance ranking\n \n#####  2. How to stop people copying other people's portfolio and information and claiming it as their own?\t\n\n•\tDoes it matter if they copy the portfolio? That's kind of the point\n•\tAccording to an efficient market hypothesis - Once information is available hasn't the market already reacted?\n\n#####  3. How do we stop people having multiple accounts on such a scale that they can eventually get lucky with one account? Sybil attack\n \nNeed to make sure the user can't create multiple accounts to play the numbers and hence have 10 accounts making opposite calls on the coins and ending up with a 'super' account\t\n\n•\tWait period after sign up before you can have followers?\n•\tIs this going to be a problem? Once the market gets big enough the rubbish and noise accounts will fall to the waste?\n•\tResearch how identity blockchain platforms actually work? Perhaps a partnership?\n\n#####  4. Legality of the platform - You can't give financial advice if you aren't a financial advisor\t\n\n•\tIn which jurisdiction?\n•\tOnce the platform is created it can't be bought down\n•\tYou don't know who the person is who owns the account. \n•\tDoes cryptocurrency and tokens even count as financial advise? Or is it only if you use financial products such as shorting and taking a position?\n\n#####  5. How do we include derivatives of certain tokens i.e. airdrops, staking etc?\t \n\n#####  6. How do we make sure the inflation of the token doesn't ruin the usage of the token and promote long term 'hodlers'?\t\n\n•\tMarket rate? \n•\tRate based on ranking?\n•\tLet the value naturally inflate, but keep it divisible?\n\n#####  7. How can people game the system to just pump their account/performance? \t\n\n•\tPotentially through the rankings of their information?\n•\tOrganised pump and dump schemes\n•\tCan we create a ranking to vote out users who are obviously pumping and dumping?\n\n#####  8. How do we stop the leader inviting its followers to follow them on an alternative platform and then take advantage?\n\n•\tSimple warnings not to communicate outside of this platform??\n\n#### **Why do people use brokers?**\n \n1. Access to IPOs and information = ICO + maybe an information section?\n2. Knowledge of companies and investment opportunities= Included in platform?\n3. Comfort of trading = \tBlockchain provides immutable proof of backing\n4. Personalised service= Maybe a chat feature? Chat bot?\n5. Competitive pricing for IPOs and Forex\t \nformation = ICO + maybe an information section?\n2. Knowledge of companies and investment opportunities= Included in platform?\n3. Comfort of trading = \tBlockchain provides immutable proof of backing\n4. Personalised service= Maybe a chat feature? Chat bot?\n5. Competitive pricing for IPOs and Forex\t \n\n\nEDIT: This is similar to eToro but decentralised, democratised and open.",
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steemdelegated 17.801 SP to @robstark
2019/03/07 03:08:24
delegatorsteem
delegateerobstark
vesting shares28986.985675 VESTS
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2019/03/07 02:10:18
parent author
parent permlinkcryptocurrency
authorrobstark
permlinkyour-reusable-crypto-explanation
titleYour reusable crypto explanation
bodyThe distributed ledger technology is borderless, permission less, unalterable, decentralised, censorship free, cryptographically and economically secure (based on game theory). In short it solves the big problem of 'single copy of assets' (including currency) that has plagued the internet world. In the internet world it is awesome to be able **copy** digital assets and data, however, it is a **terrible** outcome if you can copy assets such as currency, digital music, a car lease, a loan, a contract and any other asset where you want a single golden copy. So what do we do? We bring in big intermediaries like banks, lawyers and governments to provide 'trust'. There are many problems with this system of centralising assets, namely – hacking, modification, manipulation, corruption, control, blocking access etc etc. Bitcoin was the first application built on the distributed blockchain ledger and IMO will continue to be the 'golden' application, despite newer, better technologies (remember the protocols of the internet were not the best at their time but they were the protocols that were adopted and built upon, hence making them 'sticky'). So bitcoin is to distributed technologies what email is to the internet, the first application that will most likely hang around for a long time.
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      "body": "The distributed ledger technology is borderless, permission less, unalterable, decentralised, censorship free, cryptographically and economically secure (based on game theory). In short it solves the big problem of 'single copy of assets' (including currency) that has plagued the internet world. In the internet world it is awesome to be able **copy** digital assets and data, however, it is a **terrible** outcome if you can copy assets such as currency, digital music, a car lease, a loan, a contract and any other asset where you want a single golden copy. So what do we do? We bring in big intermediaries like banks, lawyers and governments to provide 'trust'. There are many problems with this system of centralising assets, namely – hacking, modification, manipulation, corruption, control, blocking access etc etc. Bitcoin was the first application built on the distributed blockchain ledger and IMO will continue to be the 'golden' application, despite newer, better technologies (remember the protocols of the internet were not the best at their time but they were the protocols that were adopted and built upon, hence making them 'sticky'). So bitcoin is to distributed technologies what email is to the internet, the first application that will most likely hang around for a long time.",
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2019/03/07 02:07:30
voterrobstark
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2019/03/07 02:07:18
voterrobstark
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2019/03/07 02:04:36
voterrobstark
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2019/03/07 02:04:30
voterrobstark
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robstarkclaimed reward balance: 0.010 SBD, 0.010 SP
2019/03/07 02:04:09
accountrobstark
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2019/03/07 02:03:57
voterrobstark
authorrest100
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steemdelegated 5.612 SP to @robstark
2018/05/17 00:03:21
delegatorsteem
delegateerobstark
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steemdelegated 18.190 SP to @robstark
2018/02/22 12:28:45
delegatorsteem
delegateerobstark
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steemdelegated 18.316 SP to @robstark
2017/10/13 16:28:18
delegatorsteem
delegateerobstark
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2017/08/19 03:33:33
voterjbp
authorrobstark
permlinkyour-reusable-crypto-explanation
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2017/08/19 03:03:57
parent author
parent permlinkcryptocurrency
authorrobstark
permlinkyour-reusable-crypto-explanation
titleYour reusable crypto explanation
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2017/08/19 03:02:54
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2017/08/19 03:02:09
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2017/08/19 02:57:09
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2017/07/12 23:02:39
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robstarkreceived 0.010 SBD, 0.010 SP author reward for @robstark / 10-questions-from-the-level-up-noob-investor-virgin-post
2017/07/12 09:35:00
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2017/07/07 02:27:48
parent authorrobstark
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authordarkseid
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bodyYou weren’t kidding about the formatting! Here’s my attempt at some responses: 1) Yes, those behavioural challenges will continue to remain the barriers to adoption for a while to come. While aesthetics response above is a theoretical possibility, such an event would occur when BTC is the leading medium for financial value exchange, replacing whatever local fiat exists at the moment. That for the moment looks unlikely. The attractiveness and growing interest in cryptos as a currency for the moment in my opinion have less to do with achieving a stable mode of financial exchange and more to do with the possibility of exponential returns from a financial investment, fuel for the blockchain’s functioning itself through consensus or anonymised fund transfers. Fiat currencies initially garnered stable valuations from “pegging” their value against a physical asset like gold or the value of other stable currencies (like the Dirham against the Dollar or the Indian Rupee against a basket of currencies). Look up “USDT” as an example in attempts to get a stable peg for cryptos that is tradeable. Until that happens, only a fringe to moderate section of society will use cryptos to buy their groceries. After all you don’t want to be that guy who paid for his pizza with BTC when it was sub 100 bucks a coin. 2) By this do you mean authentication of identity of the participants on the block chain? If yes that’s achieved through the combination of your private & public keys that are immutable and hash encrypted for every transaction. Hence the requirement for the resource intensive “mining” exercise in POW to validate that the transaction is authentic, where the cryptographic puzzle to be solved is the hashing protocol itself. 3) I think part of this question on the general feasibility of crypto as a regular use currency has been answered in part 1. Furthermore, the “fantastic benefits to using BTC to protect your wealth, shield yourself from a tyrannical gov't, cheaply send money to your foreign family members, gain access to a finance system you otherwise wouldn't have” apply equally to developed countries as well and a large volume of transactions serve those purposes (minus the tyrannical part). When it comes to ease of use, there are already a few physical devices or cards that can be used just as easily as a regular atm card in theory and they are working on gaining adoption. As for the transaction fees, we don’t notice them because merchants have already absorbed that as part of their fees, but a decentralised financial system also does away with the need for middle men like visa or amex and when it becomes main stream, you can start by demanding discounts for paying with crypto or even some day bring down prices altogether. 4) My understanding is that the controllership of the dApp is by majority stake in consensus, whether it’s the majority ownership of tokens or majority ownership of mining capacity. So if a dApp has become mainstream, how much of it is controlled by a few individuals or a company depends on how many tokens they control through pre-mining or other built in mechanics. This changes from dApp to dApp. Theoretically BTC is classified as a dApp as well with ownership controlled by mining power. Not much of this applies though if its an ICO and the company is yet to really show a working version of the tech. 5) My understanding is that you can’t change historical transactions on a blockchain once its committed, only affect the mechanics of future transactions. Also Golem is essentially computing infrastructure. So for someone to employ the computing resources of Golem to beat the network they would have to fund Golem enough to purchase resources necessary to beat the mining capabilities of the 51% majority on BTC. A) that is super expensive and B) when that happens if everyone just forks to a new chain it makes the value of coins on the old chain invalid hence making it a pointless exercise. Also this probably assumes a different nature if the chain transfers to POS as computing power alone wont help fork or control the network anymore. The participants on golem would also have to control a majority of tokens. 6) My argument is no. Cuz the wallets don’t contain physical assets, only keys referencing transactions on a public blockchain. That’s akin to saying if you open your online banking account on your work computer do they own the contents of your account. 7) 2 part question; Not sure how recent this information is but block rewards halve every 4 years on btc. Some estimates say the last coin wont be mined till 2140. • What happens when all the BTC are mined and the miners no longer have the strong financial incentive to mine? Who secures and verifies the network? Some of this is similar to how the dollar was pegged to gold to begin with to give it its value. Then we started to create more complex financial instruments that don’t have a physical asset tag anymore. Also, miners will still be paid transaction fees which is incentive for securing the network, but there are some counter theories to this as well. 8) This depends on how much of the tokens are premined, do they want to make a fast buck or build a business etc. Hence why you need to do your due diligence on the developer team as much as you would put into a traditional IPO. 9) Which is why it’s not recommended to use wallets that aren’t open source/ code exposed and visible for audit by the market. You wouldn’t buy a regular physical wallet that you aren’t allowed to inspect would you? 10) The opposite, more people trade, to a point where the proportional control of a coin/ token by a whale is marginal compared to the total traded volume. It’s the same as regular fiat currency economics. Until then any small market is open to easy manipulation. Heck even large international markets are open to manipulation by corporations and governments so it’s not very different.
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      "body": "You weren’t kidding about the formatting! Here’s my attempt at some responses:\n1) Yes, those behavioural challenges will continue to remain the barriers to adoption for a while to come. While aesthetics response above is a theoretical possibility, such an event would occur when BTC is the leading medium for financial value exchange, replacing whatever local fiat exists at the moment. That for the moment looks unlikely. The attractiveness and growing interest in cryptos as a currency for the moment in my opinion have less to do with achieving a stable mode of financial exchange and more to do with the possibility of exponential returns from a financial investment, fuel for the blockchain’s functioning itself through consensus or anonymised fund transfers.  \nFiat currencies initially garnered stable valuations from “pegging” their value against a physical asset like gold or the value of other stable currencies (like the Dirham against the Dollar or the Indian Rupee against a basket of currencies). Look up “USDT” as an example in attempts to get a stable peg for cryptos that is tradeable. Until that happens, only a fringe to moderate section of society will use cryptos to buy their groceries. After all you don’t want to be that guy who paid for his pizza with BTC when it was sub 100 bucks a coin.\n2) By this do you mean authentication of identity of the participants on the block chain? If yes that’s achieved through the combination of your private & public keys that are immutable and hash encrypted for every transaction. Hence the requirement for the resource intensive “mining” exercise in POW to validate that the transaction is authentic, where the cryptographic puzzle to be solved is the hashing protocol itself. \n3) I think part of this question on the general feasibility of crypto as a regular use currency has been answered in part 1. Furthermore, the “fantastic benefits to using BTC to protect your wealth, shield yourself from a tyrannical gov't, cheaply send money to your foreign family members, gain access to a finance system you otherwise wouldn't have” apply equally to developed countries as well and a large volume of transactions serve those purposes (minus the tyrannical part). When it comes to ease of use, there are already a few physical devices or cards that can be used just as easily as a regular atm card in theory and they are working on gaining adoption. As for the transaction fees, we don’t notice them because merchants have already absorbed that as part of their fees, but a decentralised financial system also does away with the need for middle men like visa or amex and when it becomes main stream, you can start by demanding discounts for paying with crypto or even some day bring down prices altogether. \n4) My understanding is that the controllership of the dApp is by majority stake in consensus, whether it’s the majority ownership of tokens or majority ownership of mining capacity. So if a dApp has become mainstream, how much of it is controlled by a few individuals or a company depends on how many tokens they control through pre-mining or other built in mechanics. This changes from dApp to dApp. Theoretically BTC is classified as a dApp as well with ownership controlled by mining power. Not much of this applies though if its an ICO and the company is yet to really show a working version of the tech.\n5) My understanding is that you can’t change historical transactions on a blockchain once its committed, only affect the mechanics of future transactions. Also Golem is essentially computing infrastructure. So for someone to employ the computing resources of Golem to beat the network they would have to fund Golem enough to purchase resources necessary to beat the mining capabilities of the 51% majority on BTC. A) that is super expensive and B) when that happens if everyone just forks to a new chain it makes the value of coins on the old chain invalid hence making it a pointless exercise.  Also this probably assumes a different nature if the chain transfers to POS as computing power alone wont help fork or control the network anymore. The participants on golem would also have to control a majority of tokens.\n6) My argument is no. Cuz the wallets don’t contain physical assets, only keys referencing transactions on a public blockchain. That’s akin to saying if you open your online banking account on your work computer do they own the contents of your account. \n7) 2 part question; \nNot sure how recent this information is but block rewards halve every 4 years on btc. Some estimates say the last coin wont be mined till 2140.\n• What happens when all the BTC are mined and the miners no longer have the strong financial incentive to mine? Who secures and verifies the network? \nSome of this is similar to how the dollar was pegged to gold to begin with to give it its value. Then we started to create more complex financial instruments that don’t have a physical asset tag anymore. Also, miners will still be paid transaction fees which is incentive for securing the network, but there are some counter theories to this as well.\n8) This depends on how much of the tokens are premined, do they want to make a fast buck or build a business etc. Hence why you need to do your due diligence on the developer team as much as you would put into a traditional IPO.\n9) Which is why it’s not recommended to use wallets that aren’t open source/ code exposed and visible for audit by the market. You wouldn’t buy a regular physical wallet that you aren’t allowed to inspect would you?\n10) The opposite, more people trade, to a point where the proportional control of a coin/ token by a whale is marginal compared to the total traded volume. It’s the same as regular fiat currency economics. Until then any small market is open to easy manipulation. Heck even large international markets are open to manipulation by corporations and governments so it’s not very different.",
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2017/07/07 01:08:24
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2017/07/05 16:23:45
voterjaggedsoft
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2017/07/05 14:45:30
parent authorrobstark
parent permlink10-questions-from-the-level-up-noob-investor-virgin-post
authoraesthetics
permlinkre-robstark-10-questions-from-the-level-up-noob-investor-virgin-post-20170705t144531636z
title
bodyI'm not qualified nor do I have the time to answer all of these, but to take on a few of them: 1) With the mass adoption of crypto, market caps will increase, volume will increase and Bitcoin (to use that as an example) will be much less volatile. The prices will stabilize at a given point, much like forex does, although even there prices vary a lot. You'll have to rewire your brain to stop comparing BTC's price to fiat; you'll have to think that 1 BTC = 1 BTC. Once you do that, you'll come to realize that its fluctuation really doesn't matter unless it's significant, much like you won't think about the USD's fluctuations on a daily basis. 6) Technically the company owns it, I suppose, but to avoid this issue altogether, just don't store your wallet on your work computer. Store it cold or online, in that case. 7) Part 1: Did you somehow verify the amount of BTC this plant mines? When exactly were they interviewed - could it have been years ago? Was it one of the largest plants in the world? You just have to trust the maths on this one. No one can actually lie about this as you can look it up yourself. Part 2: There are probably creative ways to solve this, but they will probably be rewarded by fees. 8) The developer's ambition of making a change. Currently this is actually an issue, as a lot of ICOs raise enough money for the devs to stop caring about their project, and also why a lot of ICOs are scams. 10) Once the market starts reaching the trillions, even the richest people in the world won't really make a difference in the pricing (obviously depends on what coin they invest in), and even if they do bother to invest billions into a smaller coin, they risk the market going against them, especially if their participation is big enough to make a coin more volatile. You don't see billionaires controlling the forex markets to any significant degree, and neither will they do crypto once it reaches its point of equilibrium. If the trading volume for BTC in 5 years is $1 trillion a day, $100 billion will only skew the market so much, and the other $900 billion that day will react to that movement like they would any other.
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      "body": "I'm not qualified nor do I have the time to answer all of these, but to take on a few of them:\n\n1) With the mass adoption of crypto, market caps will increase, volume will increase and Bitcoin (to use that as an example) will be much less volatile. The prices will stabilize at a given point, much like forex does, although even there prices vary a lot. You'll have to rewire your brain to stop comparing BTC's price to fiat; you'll have to think that 1 BTC = 1 BTC. Once you do that, you'll come to realize that its fluctuation really doesn't matter unless it's significant, much like you won't think about the USD's fluctuations on a daily basis. \n\n6) Technically the company owns it, I suppose, but to avoid this issue altogether, just don't store your wallet on your work computer. Store it cold or online, in that case.\n\n7) Part 1: Did you somehow verify the amount of BTC this plant mines? When exactly were they interviewed - could it have been years ago? Was it one of the largest plants in the world? You just have to trust the maths on this one. No one can actually lie about this as you can look it up yourself.\nPart 2: There are probably creative ways to solve this, but they will probably be rewarded by fees. \n\n8) The developer's ambition of making a change. Currently this is actually an issue, as a lot of ICOs raise enough money for the devs to stop caring about their project, and also why a lot of ICOs are scams. \n\n10) Once the market starts reaching the trillions, even the richest people in the world won't really make a difference in the pricing (obviously depends on what coin they invest in), and even if they do bother to invest billions into a smaller coin, they risk the market going against them, especially if their participation is big enough to make a coin more volatile. You don't see billionaires controlling the forex markets to any significant degree, and neither will they do crypto once it reaches its point of equilibrium. If the trading volume for BTC in 5 years is $1 trillion a day, $100 billion will only skew the market so much, and the other $900 billion that day will react to that movement like they would any other.",
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2017/07/05 13:37:54
voterroberthacala
authorrobstark
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2017/07/05 09:35:00
voterrobstark
authorrobstark
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2017/07/05 09:35:00
parent author
parent permlinklearning
authorrobstark
permlink10-questions-from-the-level-up-noob-investor-virgin-post
title10 questions from the level up noob investor. Virgin Post
body![](https://steemitimages.com/DQmTskMtxKMjjtRoRF4oFLkdpc1u97nW24ewUU2AUpxf9Xn/image.png)Provocative title hopefully sucked you in, you'll be the judge on whether I have the content to back it up. Let me preface this post; I work at a software company and develop solutions using the applications our company creates, however, I'm not a software developer just like to think I am a few experience points higher than someone who is terrified by a terminal window. I've recently (2 months ago) become very interested in the crypto world after spending many years trading more traditional stocks. In this post I want to address 10 questions that I've really struggled to understand. They are not just technical but philosophical and economic questions. If you're deciding whether to keep reading or not, I'll just say that the questions sit somewhere between "What's the difference between Ethereum and Bitcoin" and "Let me explain the Merkle tree". Let's get into it; 1) Issues if bitcoin becomes prevalent and people begin using it to buy their groceries: With the all the volatility in price how do stores ever set (and track) their prices. Price optimisation is big business and is a diligent process which looks at market research, microeconomic trends, cost analysis, market sentiment and other complicated factors. If BTC changes even a few dollars in a day (I suspect that the volatility will decrease as more investors enter the market, but it will still swing) all these factors change. Imagine calculating your margins on every individual sale of milk. Even if you set your prices in Satoshis, if you want to calculate COGS vs sale price you need to pay all your employees in BTC and your suppliers in Satoshis. Will I really pay for my milk with 0.00000001 BTCs? 2) How will authentication on the blockchain applications work? Has some type of SSL bridge been created? How will this translate across all the nodes on the network? If you traditional authentication, where does the authentication server sit? Distributed? 3) Philosophical questions: In the developing and underdeveloped countries there are such fantastic benefits to using BTC to protect your wealth, shield yourself from a tyrannical gov't, cheaply send money to your foreign family members, gain access to a finance system you otherwise wouldn't have. However, in a western country the benefits are almost outweighed by the costs (as far as I can understand) - let me explain. Right now, if I want to pay for something, I have a single credit card which I can pay for all my groceries with in the same way I can pay for my internet sites and service providers - with the flooding of the tokens out there and the inflexibility of the current wallet system (I relate this life before ATMs, where you'd have to visit the bank on a Friday to get the money out for the weekend - assuming you have a cold wallet), what mechanism can possibly be built which allows me to access lines of credit or even 'savings' when I want to splurge on a sale item whilst still having my wallet secured? I'm a private individual, but the success of Facebook demonstrates the majority of people do not care for cost of their privacy if convenience is the prize, and they likely don't even notice the credit card fees applied to merchant transactions - why would this change? 4) Who 'owns' a dApp? A decentralised application is not necessarily a decentralised company and tokens are not rightly equivalent to shares. In the share market, if Facebook goes into liquidation there are rules (potentially could be future smart contracts) that explain who gets paid and in what order. The website goes offline as they stop employing the people to run their data centres and sell of their servers OR they stop paying their hosting fees and the host will not resolve. If a dApp development company spend all their money or just move onto some other project, the nodes still host network/dApp and the community still has a vested interest to keep it alive - by the nature of a market place you can't sell your tokens to nobody, so some investors will still get stuck holding the remaining, potentially invaluable tokens. I guess they just put the wallet in a hard drive and toss it into the ocean? 5) What happens if Golem becomes mainstream and using the 'world computer' is then able to beat the blockchain network and go back and change transactions? Bitcoin is only secured by the idea that a computational race is pitting the attacker against the network, and the arbitrage of paying the golem supercomputer to taking consensus of the blockchain could pay large dividends at the expense of everyone else. Hypothetically, if BTC and LTC become the duopoly of cryptos, the people who beat the blockchain network could massively short it and buy LTC before crushing the BTC network. 6) If you put your wallet on your work computer and your work technically owns everything on your computer, do they own all the cryptos in that wallet? This precedent was something my lawyer brother raised when ipods came out - if someone steals your ipod (does anyone still own these?) and you have 200 digital albums that you have paid for, has the thief stolen the cost of the ipod or the ipod + the albums? 7) 2 part question; • How is the 21 million (20.9999999 million) BTC not all mined yet? I get the problems become more difficult to solve and the rewards are smaller but I watched a youtube video of a chinese mining plant that were saying they were doing roughly 100 bitcoins a day…one single plant. China is a big place. The world is bigger. • What happens when all the BTC are mined and the miners no longer have the strong financial incentive to mine? Who secures and verifies the network? 8) What's the incentive for developers to continue developing an application once they have realised their profits by selling their tokens? Does it go completely open source? Does a new incentive business model come in to play? 9) What's to stop an ICO team to develop the product but also develop a virus that is packaged/hidden as a wallet that a whole bunch of people download and therefore expose their private keys too? 10) This is the one that scares me the most right now - What's the solution to stop the market manipulators - right now there seems to be no downside for a consortium (see what I did there) of rich folk coming together (yes I know it's probably already happening) to dominate the market? If the answer is market forces, how? People stop trading? If people stop trading the 'whales' just lower than manipulation for a while then get right back to it. ![learning.png](https://steemitimages.com/DQmTeu8iPCxViGMVG7UoMNaeBenq3c2yEfs8a8BV8BDXFmc/learning.png)
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      "body": "![](https://steemitimages.com/DQmTskMtxKMjjtRoRF4oFLkdpc1u97nW24ewUU2AUpxf9Xn/image.png)Provocative title hopefully sucked you in, you'll be the judge on whether I have the content to back it up.\n\nLet me preface this post; I work at a software company and develop solutions using the applications our company creates, however, I'm not a software developer just like to think I am a few experience points higher than someone who is terrified by a terminal window.\n\nI've recently (2 months ago) become very interested in the crypto world after spending many years trading more traditional stocks. In this post I want to address 10 questions that I've really struggled to understand. They are not just technical but philosophical and economic questions. If you're deciding whether to keep reading or not, I'll just say that the questions sit somewhere between \"What's the difference between Ethereum and Bitcoin\" and \"Let me explain the Merkle tree\". Let's get into it;\n\n\t1) Issues if bitcoin becomes prevalent and people begin using it to buy their groceries: With the all the volatility in price how do stores ever set (and track) their prices. Price optimisation is big business and is a diligent process which looks at market research, microeconomic trends, cost analysis, market sentiment and other complicated factors. If BTC changes even a few dollars in a day (I suspect that the volatility will decrease as more investors enter the market, but it will still swing) all these factors change. Imagine calculating your margins on every individual sale of milk. Even if you set your prices in Satoshis, if you want to calculate COGS vs sale price you need to pay all your employees in BTC and your suppliers in Satoshis. Will I really pay for my milk with 0.00000001 BTCs?\n\t2) How will authentication on the blockchain applications work? Has some type of SSL bridge been created? How will this translate across all the nodes on the network? If you traditional authentication, where does the authentication server sit? Distributed? \n\t3) Philosophical questions: In the developing and underdeveloped countries there are such fantastic benefits to using BTC to protect your wealth, shield yourself from a tyrannical gov't, cheaply send money to your foreign family members, gain access to a finance system you otherwise wouldn't have. However, in a western country the benefits are almost outweighed by the costs (as far as I can understand) - let me explain. Right now, if I want to pay for something, I have a single credit card which I can pay for all my groceries with in the same way I can pay for my internet sites and service providers - with the flooding of the tokens out there and the inflexibility of the current wallet system (I relate this life before ATMs, where you'd have to visit the bank on a Friday to get the money out for the weekend - assuming you have a cold wallet), what mechanism can possibly be built which allows me to access lines of credit or even 'savings' when I want to splurge on a sale item whilst still having my wallet secured? I'm a private individual, but the success of Facebook demonstrates the majority of people do not care for cost of their privacy if convenience is the prize, and they likely don't even notice the credit card fees applied to merchant transactions - why would this change?\n\t4) Who 'owns' a dApp? A decentralised application is not necessarily a decentralised company and tokens are not rightly equivalent to shares. In the share market, if Facebook goes into liquidation there are rules (potentially could be future smart contracts) that explain who gets paid and in what order. The website goes offline as they stop employing the people to run their data centres and sell of their servers OR they stop paying their hosting fees and the host will not resolve. If a dApp development company spend all their money or just move onto some other project, the nodes still host network/dApp and the community still has a vested interest to keep it alive - by the nature of a market place you can't sell your tokens to nobody, so some investors will still get stuck holding the remaining, potentially invaluable tokens. I guess they just put the wallet in a hard drive and toss it into the ocean?\n\t5) What happens if Golem becomes mainstream and using the 'world computer' is then able to beat the blockchain network and go back and change transactions? Bitcoin is only secured by the idea that a computational race is pitting the attacker against the network, and the arbitrage of paying the golem supercomputer to taking consensus of the blockchain could pay large dividends at the expense of everyone else. Hypothetically, if BTC and LTC become the duopoly of cryptos, the people who beat the blockchain network could massively short it and buy LTC before crushing the BTC network.\n\t6) If you put your wallet on your work computer and your work technically owns everything on your computer, do they own all the cryptos in that wallet? This precedent was something my lawyer brother raised when ipods came out - if someone steals your ipod (does anyone still own these?) and you have 200 digital albums that you have paid for, has the thief stolen the cost of the ipod or the ipod + the albums?\n\t7) 2 part question; \n\t• How is the 21 million (20.9999999 million) BTC not all mined yet? I get the problems become more difficult to solve and the rewards are smaller but I watched a youtube video of a chinese mining plant that were saying they were doing roughly 100 bitcoins a day…one single plant. China is a big place. The world is bigger.\n\t• What happens when all the BTC are mined and the miners no longer have the strong financial incentive to mine? Who secures and verifies the network?\n\t8) What's the incentive for developers to continue developing an application once they have realised their profits by selling their tokens? Does it go completely open source? 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2017/06/25 12:28:24
voterrobstark
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