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      "body": "Congratulations @welshiewelshie! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@welshiewelshie/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/@welshiewelshie) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=welshiewelshie)_</sub>\n\n\n**Do not miss the last post from @steemitboard:**\n<table><tr><td><a href=\"https://steemit.com/steemfest/@steemitboard/the-new-steemfest-badge-is-ready\"><img src=\"https://steemitimages.com/64x128/https://cdn.steemitimages.com/DQmRUkELn2Fd13pWFkmWU2wBMMx39EBX5V3cHBEZ2d7f3Ve/image.png\"></a></td><td><a href=\"https://steemit.com/steemfest/@steemitboard/the-new-steemfest-badge-is-ready\">The new SteemFest⁴  badge is ready</a></td></tr></table>\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!",
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      "body": "Here lies Satoshi Nakamoto, his legacy etched in ones and zeros on hard drives around the world. He was a man out of time. He was the man who, through his own actions and at the will of those he represented, saved planet earth. Or at least postponed its imminent destruction; you never can  trust mankind.\n\nThis is his story. Passed on by word of mouth, beginning with the only person who met him, an uninspired computer hacker whose down and dirty studio Satoshi unceremoniously broke into one night, back in October 2008. Afterward he vanished, and may even still walk among us. Like the epic tales of Homer the basics of the story are all that are known, other parts are elaborated by those who tell it.\n\nSatoshi traveled backward in time from the not to distant future. For obvious reasons no one can pin down the dates but it’s usually predicted to be from around 2042. He was a member of the People’s Liberation Army of China and came from future China, or what remained of it. The history of the future that tells of the origins of Satoshi Nakamoto is as thus.\n\n\n*\t\t*\t\t*\n\n\nIn the closer future than the not too distant, China will be one of the biggest players in the largest trade war the world has even seen. This will not be a war for spices or metals or new found world riches. It will be a war over the basic necessities for life on this planet. This war, was in fact the rapid accumulation of many wars, which were dubbed the First Food Wars by those who survive the rationing and starvation that followed. These wars were just the calm before the storm.\n\nThese wars for commodities escalated quickly into a war of blood. This was called The War. It was a world war on the grandest scale. It was also a relatively short war. No one won this war and the losers were everyone who survived the planet-wide nuclear holocaust.\n\nSatoshi survived The War, as did many of the elite of his country, and a handful of other countries around the world. The greatest minds in science also survived this war. They were all safe, deep underground inside fortified nuclear bunkers that rocked and rumbled through the long night of The War as massive nuclear explosions sent titanic shock waves through the earth’s crust. Time down here was kept in sync with the daily cycle of the sun on the surface above, however when the residence of these bunkers eventually emerge there was nothing to call day any more, and they saw no sun. No moon or stars graced the sky. The sky was a permanent, dark, mottled, grey, with subtle navy tints. Parts of the distant horizon was dusted orange with flames and dense black lines separated this, the only colour left in existence, from the sky above. The earth was scorched clean and the world carried a heavy and eery primevalness.\n\nRetreating back inside their hole of safety those who had survived sunk inside themselves for a long while. The destruction of not only your own species and your civilisation but of all that you have ever known to have lived is something which is rather hard to comprehend. The many people wrote. The many people drew. The many people cried. The many people fought. Some people killed others. Some people killed themselves. The many people separate and dispersed throughout the complex of tunnels and rooms in which they had imprisoned themselves. Eventually someone spoke.\n\n“No more.” Came a voice over a crackling tannoy system. “No more shall we fight. No more shall we kill. For this is what first drove us into this pit of misery. We were once civilised men and women. Now we find ourselves no better than those creatures that lived in holes, fighting against natures laws for survival each and every day of their lives. Is it not better that we put our efforts into fixing this hopeless situation we have created for ourselves? Instead of wallowing in the unbearable heat of regret and self-loathing.”\n\n“For the last decade I have stood in silence and watched a few men argue while countless men die. I, as have many of you, sat and stood around large tables for endless days and night, playing silent witness to the worst dramas the world has ever seen. I watched men knowingly, yet blindly, decide the fate of our planet. That baptism of fire that man had always intended to give her.\n\n“All along we knew this was going to be the outcome. No one was ever going to give. Heads of state and army generals argued fruitlessly over the scarce commodities of food, water and fuel. The future of the planet was being decided by which country had the most farmable land and potable water. It was quantities of these scarce commodities coupled with who had the most money and the heaviest firepower that were used as leverage around these tables. Where, early into the mornings of last year, the earths fate slowly solidified itself in the arguments of old men in suits.\n\n“Your water is yours and mine is mine. I shall never give you mine, even if your people are dying. For having more gives me strength and an advantage. No. No, my food is mine also. Even if your seasons and harvests have turned against you, and your soils are no longer fruitful. This food is mine. For the humans on my piece of the planet are more important than the humans on your piece of the planet.\n\n“In the beginning, there were round table talks of creating a global government, and integrating every human into one, global, socialistic system for our scarce life necessities to be shared. So that everyone was provided their basic human rights.\n\n“But the rich and powerful countries didn’t like this and alliances were created within continents, as this was the best and safest place to get and transport your commodities. Other countries with bigger militaries simply invaded their neighbours to procure what they wanted. Ravaging the people in the process. Some bigger countries bullied smaller countries who had weaker hands into taking their side. We did this. We bullied and duped the poorer countries onto our-side, in fear of their own livelihoods and wellbeing.”\n\nFor a moment there was silence. Then the speaker breathed slowly into the microphone.\n\n“Eventually, war was raged by land, sea and air. By man and by machine. Millions of lives were lost. Probably Billions. And then. Boop.\n\n“Someone hit a switch. And our civilisation went into automised self destruction.\n\n“Those who could hid; like us. Around the world now there are multiple bunkers like this one, filed with people who, not a few months ago, would’ve proudly called themselves the most important people on the planet. That statement is more true now than ever before, even though such fame was destroyed by their own stupidity.\n\n“We are the most important people on planet earth ladies and gentlemen because we are some of the only people on planet earth.\n\n“We have a chance. We have one, single chance to save the world we knew and bequeath it to those who have already died. We request that all of you come down to basement level six. Now. This is the one chance we might have to do something right. You’ll find the door open in the eighth room of basement level five.”\n\nThe people walked, shuffled and moved awkwardly out into concrete corridors and down concrete stairwells. The only sound the small mass of people made was the padding of shoes and bare feet on cold concrete. In their time underground they had grown accustom to keeping silence. Shoulders had hunched and the small rations of food and lack of exercise had left them gaunt. These people were just shadows of the humans they had had the potential to become.\n\n\n*\t\t*\t\t*\n\n\nThe bunker holding the people was not the only one of its kind around the world, but the number of surviving locations could be counted on the fingers of two hands. From the hindsight of past wars, and during times of peace and cooperation, the owners of these bunkers had agreed to establish permanent connections as potential lifelines for mankind should the situation ever come close to what it had come to now.\n\nOver the past few months, as the people in the bunker wallowed in the despair and bleakness of their own situation, Satoshi and others had been feverishly working away, in connection with the other surviving pockets humanity, to create a solution to the problem they had created. They knew that they had no hope for their future however they hoped that the technologies they had been attempting to master in their secret bunkers might hold the key to mans continued existence.\nThese technologies required fully understanding the universe and the fabric of spacetime, neither of which the divided groups of people had come to remotely comprehend. However, each country had made individual discoveries that, when combined as a whole, allowed them to attain some rudimentarily success. Time was running out for the people left under the earth and they only had one shot with the technologies they had knocked together. These technologies were time travel and teleportation. Together the people worked feverishly and believed these technologies held the key to the prevention of mankind’s suicide. The only debate left was how to affect the past to change the future.\n\nMany options were put forth. Some suggested returning to halt the Manhattan Project, other pointed out that nuclear weapons would come about either way. Sending back a world leader to interrupt negotiations and tell world leaders of what happened, they all agreed that no matter who or what they could send back they would never believe them, even if it were themselves talking to themselves they still wouldn’t concede. Countless other options were discussed, all whilst they tried in vain to improve the technology they were going to use.\n\nEventually a war weathered Chinese general brought them a solution that they all found agreeable. Give the power back to the people. Not by toppling governments for them, those ideas had already been mulled and tossed out, but by handing them economic control of their own futures. Greed and money, he argued, were what fuelled war and conflict. They were the reasons no man was happy on his side of the hill and always wanted, not only to see the other side, but also to own it. With no large economic entities controlling and manipulating the worlds money supply there would be no “men in suits” to argue over to whom the worlds resources should be shared between. The people, Satoshi argued would decide. This was fairest he said. And he was confident they would decide correctly. Otherwise, he stated, men would always be sent to war to die for what the elite of the country desired most, whether it be gold, spices, oil, water or food. If a small majority continued to control the worlds wealth and laws then the vast majority would always serve them. Servitude, he argued, in a capitalist society, was always for the benefit those who owned all the money.\n\nSatoshi was asked how, and he showcased the idea of a money outside of government and central bank control. A digital coin recorded on an immutable, distributed ledger, with a finite supply. Of the people, by the people, for the people. This idea was extrapolated by the computer engineers in the bunkers around the world. Bitcoin and the blockchain were born. Satoshi’s name was chosen to be put on top of the final whitepaper with a last name alias of Nakamoto, because its many translations fit with the project at hand. The workers worked bitcoin further but it was decided that the rudimentary form is what should be given to the people and the success would then be their’s to own.\n\n\n*\t\t*\t\t*\n\nBack in basement level six, some seven miles below the surface of the scorched and battle scarred earth the Chinese faction of the Bitcoin Alliance explained their technological developments and ideas to the glum crowd before them.\nThe concept of salvation brought light to their eyes, even it wasn’t directly their own salvation. It was the only talk they’d heard of such things in months. Satoshi and the other workers explained the  technology they’d been working on and who they’d be working in collaboration with. This news shocked many of the people however, in their dire circumstances, the people readily accepted this along with the concept of salvation. The concept of a digital cash of the people, by the people, for the people was explained. They explained that the aim was to introduce it after the financial crash of 2008. Then, when internet business really began booming, was when it could make the biggest inroads. After they’d finished explaining they opened the floor for questions before a vote.\n\nQuestions were few and far between and most were from scientists who had not been working on the project who were interested in the technology. A few people proposed other options and it was explain why said option had not been chosen. The people liked what they were hearing, partially because they hadn’t felt hope for the longest time and partially because, in their months of wallowing in self loathing, they’d come to the conclusion that, as the elite, it was all their fault and agreed that the time to give the people a chance to rule themselves was long overdue.\n\nThe final point of unknowing was explained to the people. Small trips in teleportation had been taken and short periods of time travel had been achieved, but it was unknown what the implications would be from traveling that far back in time and trying to alter the future and their past so drastically. So small was their understanding of this corner of physics. The people were warned that this attempt could wipe them out entirely. The people needed to know this before they voted. \n\nThe people in the bunker response to this news was largely unnoticeable, many blinked, a few shrugged, most did nothing. A rudimentary balloting booth was drawn out with two boxes. One for Yes another for No. It was explained that every bunker was undertaking this process and that only if 80% of the people agreed with the concept would it go ahead.\n\nAs the votes were collected the shuffling of feet was all that was heard. The minds of the people were floating away on fresh winds produced by the news of hope that they had just been receiving. Even if it wasn’t hope for themselves. Once the voting was done the votes were taken away to be counted and recounted by those who had been working on the project. Then the results were to be communicated with the other bunkers around the world.\n\n\n*\t\t*\t\t*\n\nThe result of the vote was Yes, and by no slim margin. Every single person in all the bunkers had voted the same way. No counting had been necessary. The revival of the human race was a beacon of hope amidst the depression and desperation they had been living in in their fluorescent, underground existence.\n\nBeing furthest along with the physical form of the technology the machine had been built in the Chinese bunker and those who had worked on the project decided that it would be fitting that Satoshi would be the one to return to the past to pass on his own idea. His small stature, reputable intelligence and fighting prowess along with his knowledge of languages would help him evade their own authorities and introduce the peer-to-peer digital cash concept to the world.\n\nThe remains of databases were combed for information detailing what was available for anonymity back in the year 2008 and a plan was put together. Satoshi was armed with his whitepaper on multiple, 2008 compatible, USB sticks, the tools required to anonymously introduce their idea to the world, and the details to allow him to circumnavigate the system and set up a life for himself in the past if he chose to. They were ready.\n\nLucky charms were kissed, fingers and toes were crossed, and prayers were said by those that still believed. Final calculations were made, things were double and triple check, and Satoshi disappeared into the past.\n\n![Screen Shot 2018-07-22 at 14.28.48.jpg](https://cdn.steemitimages.com/DQmQNxQ2S6ceAXWW8czbgovhmZFyzcVg4Zh5hWx5cSSv6z2/Screen%20Shot%202018-07-22%20at%2014.28.48.jpg)",
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      "body": "Welcome back to this series of insights into the Ecryptostore and their (future) token the Free Market Token, FMT. If this is your first time hearing about the Ecryptostore and FMT check out [this article](https://steemit.com/cryptocurrencies/@welshiewelshie/the-future-of-e-commerce-ecryptostore) explaining why the Ecryptostore has excellent potential!\n[I showed you last week](https://steemit.com/ico/@welshiewelshie/how-does-the-ecryptostore-measure-up-to-market-giants) how the Ecryptostore sizes up excellently against Amazon and Ebay, outshining them both in all aspects of their merchant subscription programs. The data used was taken from the FMT whitepaper where they compared their “staked” accounts to the equivalent merchant accounts on market giants. In this article I’m going to specifically look at why you’d be better off selling from a staked account than an account paid for with FIAT. I’ll also make the case as to you might want to buy and stock up on FMT *now*, to reap the benefits later on.\n\n\n<h4>Staked Accounts</h4>\n\nStaked accounts use FMT token staking for subscription fees whilst non-staked accounts require a monthly subscription fee in FIAT. Both types of account have the same merchant levels.\nStaking means that you hold a certain amount of FMT tokens in your Ecryptostore wallet in order to qualify for a particular merchant level. This is instead of paying a monthly FIAT fee. So long as you don’t drop below the token threshold for that merchant level -250FMT for Gold Merchants and 1000FMT for Power Merchants- by using these tokens, then you keep that merchant level. They don’t get deducted monthly, they just stay there.\nUsing tokens to pay transaction fees gives you a further discount on your transaction fees; 0.5% extra off transaction fees for Gold Merchants, 1% extra off transaction fees for Power Merchants. These fees don’t require you to have a staked account but if you’re staking tokens you’re more than likely to pay these fees in tokens.\n\n\n<h4>Staking and Escrows</h4>\n\nAs a security measure all merchants not 100% verified will have all or a portion of buyers funds escrowed until the buyer confirms receipt of the item. This is to protect the buyer from malicious actors and to help to build trust in the Ecryptostore platform.\nIf a merchant wants instant access to buyers funds (called instant settlement) there are a variety of methods they can use to improve their verification level, these are explained in section 11 of the FMT whitepaper. One method is to stake tokens. A merchant puts their staked FMT up as collateral, effectively putting their reputation as well as their money at stake in order to instantly receive the buyers funds.\n  \n\n<h4>What If I’m Not Staking or Using Tokens?</h4>\n\nGold Merchant Status costs $10AUD a month. \nPower Merchant Status costs $40AUD a month.\nGold Merchants will pay 2.5% fees per transaction. 2% when using FMT tokens.\nPower Merchants will pay 2% fees per transaction. 1% when using FMT tokens.\n\n\n<h4>Looking to The Future of FMT</h4>\n\nThere is a fixed supply, 550,000,000, of FMT. As people begin to use the Ecryptostore more and more tokens will get staked and the quantity of tokens available will decrease. Also remember that 25% of all tokens used for transaction and subscription fees will be frozen in smart contracts for 24 months after the company has received them.\nIf usage of the Ecryptostore increases then the token will likely rise in value. If you buy now at the ICO price, with the intention of using the tokens on the platform then your tokens could last for longer than you expect. Unlike many other platform based tokens, FMT is going be exchanged in real time for FIAT when you use it to pay for transaction fees or real world items. Therefore, it’s not an investment with the aim of monetary gains from the re-sale of the token, you can receive monetary gains from the *use* of the token.\n\n\n__Disclaimer:__ This article was written for the FreeMarketToken Bounty Program (See link below to join). This is a program through which writers, video makers, crypto-enthusiasts and absolutely anyone else can earn FMT to use on the Ecryptostore, by spreading the world about how we can all use our virtual currencies to purchase real world items, right now!! Anything I write is not financial advice and should not be considered as such. Before making any investments you should conduct your own through research.\n\n__Find out more:__\n[FMT Website](https://freemarkettoken.io/)\n[FMT Whitepaper](https://freemarkettoken.io/wp-content/uploads/2018/05/ECS-and-FMT_16_5_18.pdf)\n[Bounty Thread](https://bitcointalk.org/index.php?topic=4118534)\n[Ecryptostore](https://ecryptostore.com/)\n[Authors Bitcoin Talk Account](https://bitcointalk.org/index.php?action=profile;u=1361983)\n\n[![Screen Shot 2018-06-07 at 17.30.10.jpg](https://cdn.steemitimages.com/DQmdF48WQSNuGp13X6Q7y8UXDQj7sRrPN8SF5HpfNRTXUDE/Screen%20Shot%202018-06-07%20at%2017.30.10.jpg)](https://freemarkettoken.io/)",
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      "body": "[![Screen Shot 2018-06-07 at 17.28.40.jpg](https://cdn.steemitimages.com/DQmRAkKZ1THqEzUhJ1qmtjGgETvCJe3A9rBXxahAKTR4BMZ/Screen%20Shot%202018-06-07%20at%2017.28.40.jpg)](https://ecryptostore.com/)\n\nIt’s all well and good having a online peer-to-peer marketplace that accepts crypto as a form of payment for goods and services, but if it doesn’t provide some other advantages over its already extremely popular competitors then it’s going to very difficult to attract merchants who have no desire to accept crypto. So would merchants on whom the Ecryptostore deem to be their biggest competitors, Amazon and Ebay, be willing to more their business over to the Ecryptostore even if they weren’t planning on accepting cryptocurrencies?\n\nThis is what will make or break the Ecryptostore, which is currently trying to drive merchant volume to increase their product listing on the Ecrytostore, which will in turn attract more recurring customers using Ecryptostore as a one stop shop like they do Amazon and Ebay. Let’s see how they stack up against the giants of the industry.\n\n\n<center><h4>Firstly: First Mover Advantage</h4></center>\n\nEcryptostore has first mover advantage for accepting cryptocurrencies for goods and services online. They are joined by a few online marketplaces, although none of these accept the wide variety of cryptocurrencies that the Ecyptostore does.\nThe advantage that the Ecryptostore has over the current market giants is that they accept crypto payments alongside FIAT payments; they accept crypto and the market giants do not. Why do they not? For such large companies, backed by investors, crypto is just too volatile. This fact coupled with the newness of crypto and its regulatory uncertainty, we'll probably see these market giants holding cryptocurrencies at arms length for quite a while. This will give the Ecryptostore ample room to grow before its biggest competitors cut into it’s (growing) niche market segment.\n\n**Note:** the accounts that the FMT whitepaper use to compare Ecryptostore to their competitors are “Staked” versions of these accounts that use tokens for transaction fees, rather than accounts that use FIAT for subscription and transaction fees. My next article will cover the benefits \"Staked\" accounts give you.\n\n<center><h4>Ecryptostore VS Ebay</h4></center>\n\n**Note:** the accounts that the FMT whitepaper uses to compare Ecryptostore to their competitors are “Staked” versions of these accounts that stake and use tokens to cover subscription and transaction fees, rather than using FIAT for these costs. My next article will cover the benefits \"Staked\" accounts give you over their FIAT paid counterparts.\n\n<center>https://cdn.steemitimages.com/DQmURmtMKgtYqRGag3PNmMcgDfgUhvNkLteG1bGuJAMXs5Y/image.png</center>\n\nThe Chart above is lifted from the FMT whitepaper and here’s how it all stacks up in words. Overall Ecryptostore staked accounts are much better for merchants than Ebay accounts. Transaction fees on Ebay are *at least* 3x and, item dependent, up to 7x those charged to staked accounts the Ecryptostore, and Ecryptostore staked accounts don’t require reoccuring monthly subscription payments. \nSomething to take note of is that Ebay gives you credit towards branded shipping supplies with Basic and Anchor accounts and credit to promoted listings with the Anchor accounts. There is also a maximum limit on the transaction fees of $339AUD ($250USD) Which there isn’t on the Ecryptostore. A limit that means a private seller needs to sell an item worth around $3400AUD to reach it. Even with these Ebay benefits included the Ecryptostore still comes out on top.\n\nI’m not sure where the “1%” subscription fee comes from for the “Power (Staked)” I’m assuming it’s a typo.\n\n\n<center><h4>Ecryptostore VS Amazon</h4></center>\n\n<center>https://cdn.steemitimages.com/DQmamW5GGD1kAiLsWWFcLTy8m3Mz8YZToRKJKrM9rV4T8ry/Screen%20Shot%202018-06-20%20at%2018.01.23.jpg</center>\n\nThe Chart above is lifted from the FMT whitepaper. Transaction fees on Amazon are double and triple what they’d be for basic and gold merchants respectively, on the Ecryptostore's comparable accounts. Amazon's transaction fees, for some items, go *much* higher than those on Ecryptostore and Ebay. Amazon also charges a listing fee which the Ecryptostore doesn’t. Ever. As it’s probably easy to read from the chart above the Ecryptostore is a significantly better for merchants wishing to post their products online when compared to Amazon.\n\n\n<center><h4>Will These Limits Change?</h4></center>\n\nEcryptostore is a new company trying to make headway in a market dominated by big names so it makes sense that their offerings are lucrative compared to their competitors. Their competitors started off in more or less the same way when the internet was becoming the “thing”, and Ecryptostore is doing it as crypto is becoming the “thing”. With that in mind will the different merchant levels of the Ecryptostore be the same if they see the success they’re aiming for (a modest 1% of the online buy/sell market)?\n\nAmazon and Ebay have evolved these levels over time, especially as their customer base has grown and they’ve had to take on more staff, moderators, buy more server space, etcetera. They may have started with much higher listings limits for merchants, like the Ecryptostore, but has this been reduced to combat spam on the platforms and to control the amount of staff they’ll need to check over listings? More items than their competitors and a recognisable brand also makes these platforms the goto for customers when browsing for items online, this allows them to charge a higher premium to those who want to sell items on their platform. If the Ecryptostore grows to a significant size will we see an increased merchant cost?\n\nThese factors are far away over the horizon for the Ecryptostore and only once they’ve overcome many other hurdles will they begin needing to consider this, but it will (hopefully) eventually be a think the team considers. The main reason I want to say that increased merchant costs won’t occur is because the Ecryptostore has no investors to answer too, a set amount of tokens, and no traditional stocks. Therefore, so long as the money they’re making is enough to run their business and pay for staff, servers etc then they should have no profiteering needs or pressure to raise or alter their merchant levels their prices.\n\n\n<center><h4>Conclusion</h4></center>\n\nAmazon’s and Ebay’s fees vary by item category and Amazon’s are as high as 45%. Ecryptostore's fees are much lower than those on these two competitors and are flat across the board which makes things a lot less of a headache for merchants. From the merchant's point of view, the Ecryptostore outstrips its competitors in all aspects of selling except for customer base. Which it does not have right now. If it does garner a customer base then it could be a force to be reckoned with in the ever-growing online marketplace. The concerns raised in the last section are very real however I throughly believe that the lack of traditional investors and stock holders demanding profit will stop the Ecryptostore from changing its terms unless drastically necessary.\n\nMy next article will cover why you would want to stake and use FMT VS using FIAT to pay subscripton and transaction fees, so stay tuned!!\n\n\n\n<h6>All whitepaper prices are in AUD and all of my conversions were done on 6/18/2018 with a rate of $0.74AUD to 1USD.</h6>\n\n<h6>Disclaimer: This article was written for the FreeMarketToken Bounty Program (See link below to join). This is a program through which writers, video makers, crypto-enthusiasts and absolutely anyone else can earn FMT to use on the Ecryptostore, by spreading the world about how we can all use our virtual currencies to purchase real world items, right now!! Anything I write is not financial advice and should not be considered as such. Before making any investments you should conduct your own through research.</h6>\n\n__Find out more:__\n[FMT Website](https://freemarkettoken.io/)\n[FMT Whitepaper](https://freemarkettoken.io/wp-content/uploads/2018/05/ECS-and-FMT_16_5_18.pdf)\n[Bounty Thread](https://bitcointalk.org/index.php?topic=4118534)\n[Ecryptostore](https://ecryptostore.com/)\n[Authors Bitcoin Talk Account](https://bitcointalk.org/index.php?action=profile;u=1361983)\n\n[![Screen Shot 2018-06-07 at 17.30.10.jpg](https://cdn.steemitimages.com/DQmdF48WQSNuGp13X6Q7y8UXDQj7sRrPN8SF5HpfNRTXUDE/Screen%20Shot%202018-06-07%20at%2017.30.10.jpg)](https://freemarkettoken.io/)",
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      "author": "welshiewelshie",
      "body": "In my [last article](https://steemit.com/cryptocurrencies/@welshiewelshie/the-future-of-e-commerce-ecryptostore) I explained why the Ecryptostore provides an already familiar and easy to use platform for crypto-enthusiasts to use their beloved tokens for what they were originally designed for: to pay for goods and services.\nIn this article I’m going to focus on the specifics of the Ecryptostore’s native token, FMT or Free Market Token, and the benefits merchants, customers, and others receive from it being used on the Ecryptostore. I’ll also layout information described in the [whitepaper](https://freemarkettoken.io/wp-content/uploads/2018/05/ECS-and-FMT_16_5_18.pdf) concerning token distribution and the exciting plans the Ecryptostore have laid out for redistributing the FMT tokens they receive in the form of transaction and subscription fees.\n\n\n<h4>Token Distribution Breakdown</h4>\n\n<center>![Screen Shot 2018-06-14 at 11.26.14.jpg](https://cdn.steemitimages.com/DQmPoMmxALbWojnkcRcTaLR1PqbMfmffMsp6kaJiwY16mAv/Screen%20Shot%202018-06-14%20at%2011.26.14.jpg)</center>\n\nThe total supply of FMT tokens is 550,000,000 FMT. The above is pretty self explanatory and was lifted from the FMT [whitepaper](https://freemarkettoken.io/wp-content/uploads/2018/05/ECS-and-FMT_16_5_18.pdf). Three points will be of interest to users and token sale purchasers:\n\n- Founders tokens will be time locked for 6 months.\n- Early contributors will have a vesting period of 3-6 months.\n- The reserve pool is for new merchants to be able to purchase tokens at market price upon signup. Ecryptostore will also periodically top up this pool.\n\n\n<h4>Transaction and Subscription Fee Redistribution</h4>\n\nFirstly any affiliate rewards -referral bonuses and the like- are deducted then the remaining tokens follow the process below.\n\n<center>![Screen Shot 2018-06-14 at 11.26.03.jpg](https://cdn.steemitimages.com/DQmXH3rD1dC3wocacmGkDggy17ukvJ2e3txjneT9QWTp83r/Screen%20Shot%202018-06-14%20at%2011.26.03.jpg)</center>\n\n**25% Token Freeze -** These tokens will be frozen, via smart contract, for a period of 24 months. Once these contracts mature the tokens will re-enter circulation through the above cycle.\nNote: I don’t think that 25% of these newly thawed token will be refrozen but the whitepaper does not stipulate either way. \n**30% Ecryptostore Platform -** This portion will go to the Ecryptostore platform and will cover running costs, maintenance and expansion.\n**15% Charitable Causes -** You can vote on which charity (or charities) will receive this portion of net transaction and subscription fee revenue on Ecryptostore’s social media channels.\n**30% Reward and Bounty -** Incentivizing new users and leveraging their current users to promote their platform is paramount for a company in the crypto-world. This is why 30% of net token revenue from transactions and subscriptions will be allocated to the Reward and Bounty pool.\n\n\n<h4>Merchants</h4>\n\nThe FMT token provides many benefits for merchants on the Ecryptostore platform. Here’s a run down of how merchants benefit from using the FMT token:\n\n- Reduced transaction fees when using FMT to pay fees. Up to 50% reduction from standard fees, this varies by Merchant Level.\n- FMT can be used as a form of staking to allow instant-settlement payment features for merchants, giving them access to funds immediately.\n- “Pending regulatory compliance and licensing (as may be required)” FMT can be accepted as form of payment for goods and services on the Ecryptostore.\n- Once you’ve verified yourself you can stake FMT, instead of paying a FIAT based subscription fee, to activate higher merchant levels. 250FMT being the lowest and 1000FMT being the highest. You must keep the relevant amount of FMT tokens in your wallet at all times to retain your Merchant Level.\n- FMT can be used as “gift advertising”, rewarding potential customers for opening targeted adverts. These adverts are only sent to customers with a high potential interest in the advertisement and are only paid out if the customer views the advert.\n\n\n<h4>Buyers</h4>\n\nBenefits for the seller on the platform are less than those for merchant, and are not tied to the use fo the FMT tokens, but nonetheless significant.\n\n- Purchase made against unverified sellers will, by default, see the funds transferred into escrow until the terms of the escrow are met. Ensuring buy protection.\n- Ecryptostore generates invoices and records of transactions for purchases made for personal use. Greatly reducing the hassle when it comes to tax season. \n\n\n\n<h4>Introducing The Rest of the World to Crypto</h4>\n\nWhen signing up as a merchant on the Ecryptostore one can choose which cryptocurrencies they want to accept, if any at all. This option can constitute the beginning for some people and could be their first contact with cryptocurrencies besides the news and some friends. The pros of staking and using FMT for transaction fees, subscription fees, gift advertising, and escrow mitigation services will encourage merchants whom are new to crypto to maybe make their first furrows into using cryptocurrencies.\n\n\n*All quotes and images are taken from the Free Market Token [whitpaper](https://freemarkettoken.io/wp-content/uploads/2018/05/ECS-and-FMT_16_5_18.pdf)*\n\n<h6>__Disclaimer:__ This article was written for the FreeMarketToken Bounty Program (See link below to join). This is a program through which writers, video makers, crypto-enthusiasts and absolutely anyone else can earn FMT to use on the Ecryptostore, by spreading the world about how we can all use our virtual currencies to purchase real world items, right now!! Anything I write is not financial advice and should not be considered as such. Before making any investments you should conduct your own through research.</h6>\n\n__Find out more:__\n[FMT Website](https://freemarkettoken.io/)\n[FMT Whitepaper](https://freemarkettoken.io/wp-content/uploads/2018/05/ECS-and-FMT_16_5_18.pdf)\n[Bounty Thread](https://bitcointalk.org/index.php?topic=4118534)\n[Ecryptostore](https://ecryptostore.com/)\n[Authors Bitcoin Talk Account](https://bitcointalk.org/index.php?action=profile;u=1361983)\n\n[![Screen Shot 2018-06-07 at 17.30.10.jpg](https://cdn.steemitimages.com/DQmdF48WQSNuGp13X6Q7y8UXDQj7sRrPN8SF5HpfNRTXUDE/Screen%20Shot%202018-06-07%20at%2017.30.10.jpg)](https://freemarkettoken.io/)",
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      "body": "In my [last article](https://steemit.com/cryptocurrencies/@welshiewelshie/the-future-of-e-commerce-ecryptostore) I explained why the Ecryptostore provides an already familiar and easy to use platform for crypto-enthusiasts to use their beloved tokens for what they were originally designed for: to pay for goods and services.\nIn this article I’m going to focus on the specifics of the Ecryptostore’s native token, FMT or Free Market Token, and the benefits merchants, customers, and others receive from it being used on the Ecryptostore. I’ll also layout information described in the [whitepaper](https://freemarkettoken.io/wp-content/uploads/2018/05/ECS-and-FMT_16_5_18.pdf) concerning token distribution and the exciting plans the Ecryptostore have laid out for redistributing the FMT tokens they receive in the form of transaction and subscription fees.\n\n\n<h4>Token Distribution Breakdown</h4>\n\n<center>![Screen Shot 2018-06-14 at 11.26.14.jpg](https://cdn.steemitimages.com/DQmPoMmxALbWojnkcRcTaLR1PqbMfmffMsp6kaJiwY16mAv/Screen%20Shot%202018-06-14%20at%2011.26.14.jpg)</center>\n\nThe total supply of FMT tokens is 550,000,000 FMT. The above is pretty self explanatory and was lifted from the FMT [whitepaper](https://freemarkettoken.io/wp-content/uploads/2018/05/ECS-and-FMT_16_5_18.pdf). Three points will be of interest to users and token sale purchasers:\n\n- Founders tokens will be time locked for 6 months.\n- Early contributors will have a vesting period of 3-6 months.\n- The reserve pool is for new merchants to be able to purchase tokens at market price upon signup. Ecryptostore will also periodically top up this pool.\n\n\n<h4>Transaction and Subscription Fee Redistribution</h4>\n\nFirstly any affiliate rewards -referral bonuses and the like- are deducted then the remaining tokens follow the process below.\n\n<center>![Screen Shot 2018-06-14 at 11.26.03.jpg](https://cdn.steemitimages.com/DQmXH3rD1dC3wocacmGkDggy17ukvJ2e3txjneT9QWTp83r/Screen%20Shot%202018-06-14%20at%2011.26.03.jpg)</center>\n\n**25% Token Freeze -** These tokens will be frozen, via smart contract, for a period of 24 months. Once these contracts mature the tokens will re-enter circulation through the above cycle.\nNote: I don’t think that 25% of these newly thawed token will be refrozen but the whitepaper does not stipulate either way. \n**30% Ecryptostore Platform -** This portion will go to the Ecryptostore platform and will cover running costs, maintenance and expansion.\n**15% Charitable Causes -** You can vote on which charity (or charities) will receive this portion of net transaction and subscription fee revenue on Ecryptostore’s social media channels.\n**30% Reward and Bounty -** Incentivizing new users and leveraging their current users to promote their platform is paramount for a company in the crypto-world. This is why 30% of net token revenue from transactions and subscriptions will be allocated to the Reward and Bounty pool.\n\n\n<h4>Merchants</h4>\n\nThe FMT token provides many benefits for merchants on the Ecryptostore platform. Here’s a run down of how merchants benefit from using the FMT token:\n\n- Reduced transaction fees when using FMT to pay fees. Up to 50% reduction from standard fees, this varies by Merchant Level.\n- FMT can be used as a form of staking to allow instant-settlement payment features for merchants, giving them access to funds immediately.\n- “Pending regulatory compliance and licensing (as may be required)” FMT can be accepted as form of payment for goods and services on the Ecryptostore.\n- Once you’ve verified yourself you can stake FMT, instead of paying a FIAT based subscription fee, to activate higher merchant levels. 250FMT being the lowest and 1000FMT being the highest. You must keep the relevant amount of FMT tokens in your wallet at all times to retain your Merchant Level.\n- FMT can be used as “gift advertising”, rewarding potential customers for opening targeted adverts. These adverts are only sent to customers with a high potential interest in the advertisement and are only paid out if the customer views the advert.\n\n\n<h4>Buyers</h4>\n\nBenefits for the seller on the platform are less than those for merchant, and are not tied to the use fo the FMT tokens, but nonetheless significant.\n\n- Purchase made against unverified sellers will, by default, see the funds transferred into escrow until the terms of the escrow are met. Ensuring buy protection.\n- Ecryptostore generates invoices and records of transactions for purchases made for personal use. Greatly reducing the hassle when it comes to tax season. \n\n\n\n<h4>Introducing The Rest of the World to Crypto</h4>\n\nWhen signing up as a merchant on the Ecryptostore one can choose which cryptocurrencies they want to accept, if any at all. This option can constitute the beginning for some people and could be their first contact with cryptocurrencies besides the news and some friends. The pros of staking and using FMT for transaction fees, subscription fees, gift advertising, and escrow mitigation services will encourage merchants whom are new to crypto to maybe make their first furrows into using cryptocurrencies.\n\n\n*All quotes and images are taken from the Free Market Token [whitpaper](https://freemarkettoken.io/wp-content/uploads/2018/05/ECS-and-FMT_16_5_18.pdf)*\n\n<h6>__Disclaimer:__ This article was written for the FreeMarketToken Bounty Program (See link below to join). This is a program through which writers, video makers, crypto-enthusiasts and absolutely anyone else can earn FMT to use on the Ecryptostore, by spreading the world about how we can all use our virtual currencies to purchase real world items, right now!! Anything I write is not financial advice and should not be considered as such. Before making any investments you should conduct your own through research.</h6>\n\n__Find out more:__\n[FMT Website](https://freemarkettoken.io/)\n[FMT Whitepaper](https://freemarkettoken.io/wp-content/uploads/2018/05/ECS-and-FMT_16_5_18.pdf)\n[Bounty Thread](https://bitcointalk.org/index.php?topic=4118534)\n[Ecryptostore](https://ecryptostore.com/)\n[Authors Bitcoin Talk Account](https://bitcointalk.org/index.php?action=profile;u=1361983)\n\n[![Screen Shot 2018-06-07 at 17.30.10.jpg](https://cdn.steemitimages.com/DQmdF48WQSNuGp13X6Q7y8UXDQj7sRrPN8SF5HpfNRTXUDE/Screen%20Shot%202018-06-07%20at%2017.30.10.jpg)](https://freemarkettoken.io/)",
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      "body": "In my [last article](https://steemit.com/cryptocurrencies/@welshiewelshie/the-future-of-e-commerce-ecryptostore) I explained why the Ecryptostore provides an already familiar and easy to use platform for crypto-enthusiasts to use their beloved tokens for what they were originally designed for: to pay for goods and services.\nIn this article I’m going to focus on the specifics of the Ecryptostore’s native token, FMT or Free Market Token, and the benefits merchants, customers, and others receive from it being used on the Ecryptostore. I’ll also layout information described in the [whitepaper](https://freemarkettoken.io/wp-content/uploads/2018/05/ECS-and-FMT_16_5_18.pdf) concerning token distribution and the exciting plans the Ecryptostore have laid out for redistributing the FMT tokens they receive in the form of transaction and subscription fees.\n\n\n<h4>Token Distribution Breakdown</h4>\n\n<center>![Screen Shot 2018-06-14 at 11.26.14.jpg](https://cdn.steemitimages.com/DQmPoMmxALbWojnkcRcTaLR1PqbMfmffMsp6kaJiwY16mAv/Screen%20Shot%202018-06-14%20at%2011.26.14.jpg)</center>\n\nThe total supply of FMT tokens is 550,000,000 FMT. The above is pretty self explanatory and was lifted from the FMT [whitepaper](https://freemarkettoken.io/wp-content/uploads/2018/05/ECS-and-FMT_16_5_18.pdf). Three points will be of interest to users and token sale purchasers:\n\n- Founders tokens will be time locked for 6 months.\n- Early contributors will have a vesting period of 3-6 months.\n- The reserve pool is for new merchants to be able to purchase tokens at market price upon signup. Ecryptostore will also periodically top up this pool.\n\n\n<h4>Transaction and Subscription Fee Redistribution</h4>\n\nFirstly any affiliate rewards -referral bonuses and the like- are deducted then the remaining tokens follow the process below.\n\n<center>![Screen Shot 2018-06-14 at 11.26.03.jpg](https://cdn.steemitimages.com/DQmXH3rD1dC3wocacmGkDggy17ukvJ2e3txjneT9QWTp83r/Screen%20Shot%202018-06-14%20at%2011.26.03.jpg)</center>\n\n**25% Token Freeze -** These tokens will be frozen, via smart contract, for a period of 24 months. Once these contracts mature the tokens will re-enter circulation through the above cycle.\nNote: I don’t think that 25% of these newly thawed token will be refrozen but the whitepaper does not stipulate either way. \n**30% Ecryptostore Platform -** This portion will go to the Ecryptostore platform and will cover running costs, maintenance and expansion.\n**15% Charitable Causes -** You can vote on which charity (or charities) will receive this portion of net transaction and subscription fee revenue on Ecryptostore’s social media channels.\n**30% Reward and Bounty -** Incentivizing new users and leveraging their current users to promote their platform is paramount for a company in the crypto-world. This is why 30% of net token revenue from transactions and subscriptions will be allocated to the Reward and Bounty pool.\n\n\n<h4>Merchants</h4>\n\nThe FMT token provides many benefits for merchants on the Ecryptostore platform. Here’s a run down of how merchants benefit from using the FMT token:\n\n- Reduced transaction fees when using FMT to pay fees. Up to 50% reduction from standard fees, this varies by Merchant Level.\n- FMT can be used as a form of staking to allow instant-settlement payment features for merchants, giving them access to funds immediately.\n- “Pending regulatory compliance and licensing (as may be required)” FMT can be accepted as form of payment for goods and services on the Ecryptostore.\n- Once you’ve verified yourself you can stake FMT, instead of paying a FIAT based subscription fee, to activate higher merchant levels. 250FMT being the lowest and 1000FMT being the highest. You must keep the relevant amount of FMT tokens in your wallet at all times to retain your Merchant Level.\n- FMT can be used as “gift advertising”, rewarding potential customers for opening targeted adverts. These adverts are only sent to customers with a high potential interest in the advertisement and are only paid out if the customer views the advert.\n\n\n<h4>Buyers</h4>\n\nBenefits for the seller on the platform are less than those for merchant, and are not tied to the use fo the FMT tokens, but nonetheless significant.\n\n- Purchase made against unverified sellers will, by default, see the funds transferred into escrow until the terms of the escrow are met. Ensuring buy protection.\n- Ecryptostore generates invoices and records of transactions for purchases made for personal use. Greatly reducing the hassle when it comes to tax season. \n\n\n\n<h4>Introducing The Rest of the World to Crypto</h4>\n\nWhen signing up as a merchant on the Ecryptostore one can choose which cryptocurrencies they want to accept, if any at all. This option can constitute the beginning for some people and could be their first contact with cryptocurrencies besides the news and some friends. The pros of staking and using FMT for transaction fees, subscription fees, gift advertising, and escrow mitigation services will encourage merchants whom are new to crypto to maybe make their first furrows into using cryptocurrencies.\n\n\n*All quotes and images are taken from the Free Market Token [whitpaper](https://freemarkettoken.io/wp-content/uploads/2018/05/ECS-and-FMT_16_5_18.pdf)*\n\n<h6>__Disclaimer:__ This article was written for the FreeMarketToken Bounty Program (See link below to join). This is a program through which writers, video makers, crypto-enthusiasts and absolutely anyone else can earn FMT to use on the Ecryptostore, by spreading the world about how we can all use our virtual currencies to purchase real world items, right now!! Anything I write is not financial advice and should not be considered as such. Before making any investments you should conduct your own through research.</h6>\n\n__Find out more:__\n[FMT Website](https://freemarkettoken.io/)\n[FMT Whitepaper](https://freemarkettoken.io/wp-content/uploads/2018/05/ECS-and-FMT_16_5_18.pdf)\n[Bounty Thread](https://bitcointalk.org/index.php?topic=4118534)\n[Ecryptostore](https://ecryptostore.com/)\n[Authors Bitcoin Talk Account](https://bitcointalk.org/index.php?action=profile;u=1361983)\n\n[![Screen Shot 2018-06-07 at 17.30.10.jpg](https://cdn.steemitimages.com/DQmdF48WQSNuGp13X6Q7y8UXDQj7sRrPN8SF5HpfNRTXUDE/Screen%20Shot%202018-06-07%20at%2017.30.10.jpg)](https://freemarkettoken.io/)",
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      "body": "[![Screen Shot 2018-06-07 at 17.28.40.jpg](https://cdn.steemitimages.com/DQmRAkKZ1THqEzUhJ1qmtjGgETvCJe3A9rBXxahAKTR4BMZ/Screen%20Shot%202018-06-07%20at%2017.28.40.jpg)](https://ecryptostore.com/)\n\nThe [Ecryptostore](https://ecryptostore.com/) is a cryptocurrency orientated, peer-to-peer market place -like Ebay- that has a token called the [FreeMarketToken](freemarkettoken.io), or FMT, as its native currency. Before you begin thinking that this is another product of the “tokenize everything” movement that really only appeals to the people in the crypto-sphere, give me a chance to explain why it actually appeals to the masses.\n\n<h4>Native but not Alone</h4>\n\nFMT might be the native currency of the Ecryptostore but it’s not the only currency accepted here. In fact, you can use a whole host of cryptocurrencies as payment on the Ecrptostore. All the usual suspects are available: Bitcoin, Ethereum, Litecoin, Dash, Zcash, Monero; but there are some less common and less cash-like tokens on the list of payment tokens: Ripple, Stratis, Ethereum Classic, Bitcoin Cash and Dogecoin.\n\n__Note:__ FMT is a NEM based token, however NEM is not yet accepted as payment on the Ecryptostore. One would expect the opposite to be true, especially because, for their ICO, they are only accepting NEM and Ethereum. One would also expect NEM to be added in the future, but there is no direct mention of it in their Whitepaper or on Version 1 of their token sale roadmap.\n\n<h4>Crypto payments + FIAT payments = Multigenerational Platform</h4>\n\nCryptocurrencies are not the only form of payment available on the Ecryptostore as users also have the option to use PayPay -and therefore FIAT- to receive payment for their goods and to pay for their goods. Meaning that the Ecryptostore isn’t just open to crypto enthusiasts, it will also attract those from outside the crypto world, like you grampa, your mum and your, maybe slightly out of touch, next door neighbour.\n\n<h4>Ecryptostore Introduces Crypto to The Masses</h4>\n\nThis is one, if not *the*, main selling points of the Ecryptostore. With the integration of FIAT payments alongside crypto payments and crypto rewards, and the future ability for users to buy FMT with their standard FIAT the Ecryptostore is ahead of many in the game in the efforts to foster cryptocurrency adoption and help them become common place in our global society.\n\n<h4>Already Operational!!</h4>\nThe Ecryptostore is already a working platform! You can go to [ecryptostore.com](https://ecryptostore.com/) now and register an account and begin buying and selling items with your favourite crypto or your local FIAT currency. Plus, there are already Android and IOS apps in the pipeline, scheduled for release this month!!\n\n\n**In summary:** the Ecryptostore is a easily recognizable and straight-forward platform where users can gradually ease themselves into using cryptocurrencies alongside their FIAT currencies, without the having to immediately navigate the complicated world of security measures that we enthusiasts find common place. There are other aspects of the Ecryptostore and the FMT token that you’ll probably want to know about, like their token metrics, how the Ecryptostore measures up to its competitors, and how you can help foster the growth of this marketplace and its community through bounty programs. I’ll be writing about these in future articles so subscribe and stay tuned! \n\n\n__Disclaimer:__ This article was written for the FreeMarketToken Bounty Program (See link below to join). This is a program through which writers, video makers, crypto-enthusiasts and absolutely anyone else can earn FMT to use on the Ecryptostore, by spreading the world about how we can all use our virtual currencies to purchase real world items, right now!! Anything I write is not financial advice and should not be considered as such. Before making any investments you should conduct your own through research.\n\n__Find out more:__\n[FMT Website](https://freemarkettoken.io/)\n[FMT Whitepaper](https://freemarkettoken.io/wp-content/uploads/2018/05/ECS-and-FMT_16_5_18.pdf)\n[Bounty Thread](https://bitcointalk.org/index.php?topic=4118534)\n[Ecryptostore](https://ecryptostore.com/)\n[Authors Bitcoin Talk Account](https://bitcointalk.org/index.php?action=profile;u=1361983)\n\n[![Screen Shot 2018-06-07 at 17.30.10.jpg](https://cdn.steemitimages.com/DQmdF48WQSNuGp13X6Q7y8UXDQj7sRrPN8SF5HpfNRTXUDE/Screen%20Shot%202018-06-07%20at%2017.30.10.jpg)](https://freemarkettoken.io/)",
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      "body": "<h1> The Problem </h1>\n\nAround the world there’s something in the region of $43 trillion worth of accounts receivable or accounts payable locked up on the books of businesses. This value of $43 Trillion is a daily average and banks currently only finance around $3 trillion (7%) of this and most of this financial assistance is given to large corporations and multinational companies. There’s no help provided for the little man, who continues to struggle as larger corporations get a helping hand and, therefore, get richer. Even with all the tools available in todays tech savvy society we still haven’t figured out a true solution to this problem.\n\n<h1> The Current Solution </h1>\n\nCurrently, Small and Medium Enterprises (SME) have to wait for the buyer to receive the goods and then they for the buyer to pay the account. However, the standard grace period for a buyer to pay an account is 60 days. So that’s over two months (including delivery time) for which that capital is unavailable to the seller, this can stunt the growth of good business ideas and can also mean missed business opportunities, which can often be crucial for small businesses.\nA seller of goods can use a method called “factoring” to free up this liquidity. They sell their credit-worthy accounts receivables and in turn receive immediate cash. This comes at a loss because the creditor assumes the responsibility of the account, that means that if your buyer doesn’t pay they’re the ones left to fill the hole.\nThis factoring is currently an underused yet a growing business, with commercial factoring, not bank-based factoring, beginning to emerge around the world. The rise of the FinTech industry means that these non-bank players and actors can get in on the game. \n\n\n<h1> The New Revolution Solution - Traxia </h1>\n\nTraxia is going to take these assets, decentralise them and securitise (tokenise) them onto the blockchain. The buyers and sellers both use their private keys to sign the transaction into a smart contract on the blockchain along with any relevant information e.g. any conditions of the contract, how much is owed and the final due date.\nThe value of the contract is then tokenised into TMT (the token used in the Traxia ecosystem) and it is then transferred to a market place where investors can purchase all or a portion of the security, and the money made from the sale of the tokens is set to the seller. Once the time limit for the smart contract hits the buyer buys the tokens back from the investor, thus completing the cycle.
This process, as well as being more transparent and secure -with the use of smart contracts and blockchain technology- allows non-financial institutions and individual investors access to these tokenised securities increasing the amount of money available in this financial niche and also increasing the likelihood that financing will be made available for companies and business that elect to use this service.\n\n\n<h1> The Future’s Brighter </h1>\n\nFor too long the advantages and tools available to big businesses and corporations have far outweighed those available for smaller and medium sized businesses. The Traxia ecosystem looks to lift these smaller businesses up onto a level playing field with larger business in terms of available financial liquidity.\nBy using the Traxia ecosystem suppliers and buyers will be able to free up funds and a lower cost allowing for more financial flexibility and, as a result, more growth and sales for suppliers.\nIf you want to invest their pre-sale is now live with a 10% discount on token price until the 30th of April! \n\nTraxia website: [https://www.traxia.co/](https://www.traxia.co/)\nOfficial Telegram Channel: [@TraxiaFoundation](https://t.me/traxiafoundation)\nANN thread: [https://bitcointalk.org/index.php?topic=3019695.new#new](https://bitcointalk.org/index.php?topic=3019695.new#new)\nPre-sale/ICO Bounty thread: [https://bitcointalk.org/index.php?topic=3021679.0](https://bitcointalk.org/index.php?topic=3021679.0)",
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      "body": "Interesting \n\r I will follow you to see your future posts! ",
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      "body": "great intro mate i can imagine a lot of people will find this useful! great attention to detail!",
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      "body": "### ![SatoshiLite](https://pbs.twimg.com/profile_images/959491392895463427/3jlKpPEK_normal.jpg) **[Charlie Lee [LTC]](https://twitter.com/@SatoshiLite/status/936306965860401152)** tweeted @ 30 Nov 2017 - 18:52 UTC\n\n> I've been asked what I think about BitConnect. From the surface, seems like a classic ponzi scheme. I wouldn't inve… [twitter.com/i/web/status/9…](https://t.co/iodtborQef)\n\n\n###### *Disclaimer: I am just a bot trying to be helpful.*",
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      "author": "welshiewelshie",
      "body": "<center>_Important Note: Never trust anyone in the cryptoverse. Not even me. That's right, don't trust this article. Research it more and verify it for yourself. Verify, verify, **VERIFY**. This is all your responsibility now. There is no one to cry to if you mess it up. You're the only one that can mess it up for you.\nImportant Note No. 2: This article does not constitute investment or financial advice, and should not be considered as such. Please undertake your own research and come to your own conclusions before investing in anything. As always, never invest more than you can afford to lose._</center>\n\nRoll Up, Roll Up! Welcome to the Cryptocurrency Theme Park!\nStep On Up!\nDon’t be afraid! We’ve the greatest roller coasters ever made! Death-defying plunges and dizzying heights, the most haunted of houses and the ricketiest rides, all for you to try!\n___\nBelow is a reading list to get you started, but first I want to lay out the theme of what you are entering into with your money:\n\nThe links and documents below will help you get a better understanding of what the cryptocurrency space is about. At the end of the day, it is not really an investment in the monetary sense it is an investment in the future. It is an investment in a money, data and identity revolution. It's about giving people back control of their money, their data and their identities. It's about banking the unbanked, taking your personal data and identity off of all the servers around the world and controlling it yourself. Taking mass data out of the hands of the likes of Google and Facebook. Yes, money can be made in this space, but that wasn’t the intention of the concept, if you stick with it and adoption comes about then you have the (likely) chance of becoming rich. This gives you the capitalistic incentive to foster adoption and spread the knowledge of why and how cryptocurrencies and the blockchain are excellent things for society and the future.\n\n**It’s gonna be a wild ride** so do not put in more money than you are willing to lose. Reread that last sentence. _*DO NOT*_ put more money in than you are willing to lose. In fact, kiss goodbye to the money as soon as you invest it and hope for the best because you’re probably going to leave it there for a while and could potentially never see it again. Don’t mess about with your investments when things go up and down, don’t give into the **FUD** (Fear, Uncertainty and Doubt) like you’ve already given into the **FOMO** (Fear Of Missing Out), we always bounce back from the **FUD**. It’s the newer and more naive investors (you) who react to it and pull their money out (usually at a loss) then go away whining, hurt and sore, cursing and hating the crypto-sphere for their own lack of understanding and testicles. **HODL** your coins and follow those who perpetuate the ecosystem and become an advocate yourself, this is the best way to secure the success of your investment for the future. Things in this space are going to change rapidly and they will go down as fast as they go up, this is a long-term vision not a get rich quick program (they don’t exist). We want mass adoption. What we need is the world to realise that this is a better system than the one we currently run on and you’re the next person aboard the train to help us do it. Finally, do not begin reading this list before you’ve read this whole piece. \n>Become the [“Bitcoin Sign Guy”](https://www.coindesk.com/coindesk-most-influential-2017-1-bitcoin-sign-guy/)\n
\n
\nThat's your warning. Start working your way through these below, do them in order and it should, more or less, work as a progression of knowledge:\n- [**Bitcoin Whitepaper**](https://bitcoin.org/bitcoin.pdf) This is the original document that started all of this. As always, start at the start, Don’t worry if you don’t understand much of the technical, mathematical stuff (I don’t either), it’s the concept and the way it works that is most important\n- [**How Blockchain Actually Works**](www.youtube.com/watch?v=bBC-nXj3Ng4) Watch it. Come back to it and watch it again in a day or two. You’re going to want to watch it a few times\n- [**Private and Public Keys**](www.youtube.com/watch?v=67uW07QDHxE) What are they and how are they created?\n- [**Why are Private Keys and Public Keys so Secure?**](https://medium.com/@kerbleski/a-dance-with-infinity-980bd8e9a781) An entertaining visualisation of sorts\n- [**Cold Storage Defined**](https://blog.getclef.com/what-is-cold-storage-6276471dc46d) Don’t use Coinbase’s cold storage like this suggests. Get yourself a [Trezor](https://trezor.io/) or a [Ledger](https://www.ledgerwallet.com/)\n- [**Smart Contracts Explained**](https://blockgeeks.com/guides/smart-contracts/)\n- [**ERC20 Tokens**](https://medium.com/@james_3093/ethereum-erc20-tokens-explained-9f7f304055df) ERC20 Are the standard used for creating tokens on the ethereum network, if a project you are interested in is not built on its own blockchain chances are that it’s an ERC20 token.\n- [**ICO**](https://en.wikipedia.org/wiki/Initial_coin_offering) The way startups are crowdfunding their projects in the crypto space, usually for ERC20 tokens\n- [**Hard Forking**](https://www.coindesk.com/blockchain-forks-rage-will-ever-safe/) A hard fork is when someone takes a snapshot of a blockchain and then starts running their own blockchain from the time of that snapshot. Usually, those who were holding the coins on the original chain will receive equal amounts of coins on the new chain. Both chains keep on running independently of each other and are only similar by their history before the snapshot was taken and the fork made. Hard forks are often done for development reasons and these result in no new coins being created, but sometimes (and increasingly) hard forks are done by developers who don’t agree with the current direction of the project and tensions reach a breaking point so they head out to enact their vision of the project. This is something you’re going to need to know about in this space. If you want the best example: [Bitcoin Cash](https://en.wikipedia.org/wiki/Bitcoin_Cash)\n- **Scaling** Currently the biggest hurdle for mass adoption of blockchain technology. Google it, search it on CoinDesk and other news sites and see what results you get, it’s getting hotly debated and new solutions are being proposed, tried and tested all the time. \n- [**2017 Year in Review**](https://www.coindesk.com/category/features/2017-review/) Go through this and pick out any headlines that interest you. These are some of the best minds in the cryptocurrency and blockchain world giving their two cents on the extremely eventful year of 2017.\n- [**HODL**](https://bitcointalk.org/index.php?topic=375643.0) Not something you need to know by any means but lighthearted and funny. This is the origin of the term used in the cryptosphere. \n
\n
___\n
___\n\nAlways research your investments. Don’t take my word for it, don’t take someone else word for it, this is you. This is **YOUR** money, **YOUR** gamble, **YOUR** push. **DO YOUR RESEARCH!** Look at the project, look at the team, look at the partners and the advisers. **READ THE WHITEPAPER**. Make notes on the white paper whilst reading it, you won’t want to go back and read the whole 30 pages again when checking for one piece of information. Does their solution need the blockchain? Will a blockchain improve the industry they’re working in? If not question it’s purpose, longterm goal and what impact it may have if any. Look at the distribution of funds, Look at the roadmap, how much have they raised? are they active on social media? what kind of stuff is on their telegram channel? Are they an active part of their community? Look at their slack. Look at their GitHub and see how often their code is getting added to. Look at their Reddit, look at their Twitter. **FOLLOW THEM!** Emails, Twitter, Facebook, etcetera. Do their advisors or team members have Linkedin? check them out. There are many other ways you can research, get creative! Last but not least, become a part of the community. If you want your investment to succeed then help propel it into future success! \nThere are [Ponzi schemes](https://en.wikipedia.org/wiki/Ponzi_scheme) out there trying to take your money so beware. **BEWARE!! DO YOUR RESEARCH!** In the words of [Charlie Lee:](https://twitter.com/satoshilite/status/936306965860401152?lang=en)\n>“If it looks like a duck, walks like a duck and quacks like a duck, then it’s a Ponzi”\n\nThat’s your warning. Heed it. The internet is a vast and dangerous ocean and if you’re reading this then you’re probably not a cypherpunk or coder (neither am I). So, like a penguin in the desert, you’re on foreign ground my friend. Watch your step.\nBookmark, bookmark **BOOKMARK!!** Once you’ve found a website save it! The simplest of spelling errors can take you to a bogus website that looks exactly like the real thing. Once you’ve entered your details you and your funds are fucked. These are copies of the links I have bookmarked but don’t take them for granted. Don’t trust me, don’t trust anyone! Verify, verify, **VERIFY**.\n\n>Verify, verify, VERIFY.\n\n- [Coinbase](https://www.coinbase.com/) This website will be your gateway. Here you can use your bank account or debit card to buy, Bitcoin, Ethereum, Litecoin (I don’t advocate Bitcoin Cash) from there you can send that to your chosen exchange and there you can buy other cryptos. Don't use a credit card to buy crypto, Mastercard and Visa just started levying high charges on crypto currency purchase on credit cards (they're scared that they're going to be made obsolete,and they will be if they don't evolve and embrace)\n- [Bittrex](https://bittrex.com/account/Login) This is the exchange I use. I like them. They’re USA based and are not too quick to list coins and will scrutinise them closely. As a result they don’t have a huge huge listing but they’ll have most of what you might want\n- [HitBTC](https://hitbtc.com/) This is one I’ve just started using, I know some others who really like it. It has a much larger variety of coins than bittrex and if you’re looking for other coins maybe you can find them here\n- **MetaMask** Google Chrome Extension. Download it from the [Google Web Store](https://chrome.google.com/webstore/). MetaMask is an Ethereum wallet built into your chrome browser. It can interact with websites to facilitate payment in ETH and ERC20 tokens. It’s very useful and widely used.\n- [MyEtherWallet](https://www.myetherwallet.com/) The best ethereum wallet out there. You can create an account yourself and store your own private key or (as I would recommend) do it through a [Trezor](https://trezor.io/) or a [Ledger](https://www.ledgerwallet.com/)\n- [Bisq](https://bisq.network/) A decentralised exchange for many native blockchain tokens (BTC, ETH, LTC, etcetera). It does not have a high trading volume right now but the more we use it the higher it gets! It also allows you to use national currencies to purchase crypto. I have not tested this option but I would not be adverse to using it. Coinbase was forced to provide the IRS with details of some of its customers and their transactions last year and eventually they’ll be forced to provide details of all of them. Bisq could be a way around that. (Needs more research on my part, now your part also if you so desire)\n- [Coin Market Cap](https://coinmarketcap.com/) Probably the most important one on this list. Coinmarketcap gives you the prices of all coins aggregated across exchanges, but this isn’t it’s most useful tool. I use Coinmarketcap to research coins. I use it to find links to the coins I want to research and potentially purchase. Find the coin, click the coin and click the link “website” this will lead you to the coins homepage. Bookmark that page! That can then be your secure link to them. You can be _more_ assured that you’ve signed up to the correct mailing list and that you are downloading your wallets from correct sources. Play around with this site you can get some interesting insights from it. \n\n
___\n\nSome places for news, updates and research: [Twitter](https://twitter.com/), [Coin Telegraph](https://cointelegraph.com/), [Coin Desk](https://www.coindesk.com), [Reddit](https://www.reddit.com/), sub Reddit’s, [bitcointalk.org](https://bitcointalk.org/), [The Merkle](https://themerkle.com/)\nTwitter is probably the most important one on that list. I created a twitter account just to stay up to date with my crypto investments, I highly **HIGHLY** recommend you do the same. Follow the coins, follow the news channels, follow the people who created the coins, follow the people who work on the projects, follow the people who report on the crypto-space. Last but not least follow the people who’s opinion _doesn’t_ match your own! Don’t lock yourself into your own little bubble, keep yourself open to outside opinions. If you read a piece and don’t like it question why you don’t like it and whether your distaste has any grounds or if you’re just dismissing it because it doesn’t fit for you. Here are some Twitter handles to get you started: [@lopp](https://twitter.com/lopp) [@WhalePanda](https://twitter.com/WhalePanda) ‏ [@fluffypony](https://twitter.com/fluffypony) [@SatoshiLite](https://twitter.com/SatoshiLite) [@maxkeiser](https://twitter.com/maxkeiser) [@LegendOfCrypto](https://twitter.com/LegendOfCrypto) [@CoinMarketCap](https://twitter.com/CoinMarketCap) [@iamjosephyoung](https://twitter.com/iamjosephyoung) [@jcp](https://twitter.com/jcp) [@ChrisConeyInt](https://twitter.com/ChrisConeyInt) [@CryptoTutor](https://twitter.com/CryptoTutor) [@bitcoincoreorg](https://twitter.com/bitcoincoreorg) [@bisq_network](https://twitter.com/bisq_network) [@ToneVays](https://twitter.com/ToneVays) [@crypto_rand](https://twitter.com/crypto_rand) [@metamask_io](https://twitter.com/metamask_io) [@VitalikButerin](https://twitter.com/VitalikButerin) [@myetherwallet](https://twitter.com/myetherwallet) [@ethereumproject](https://twitter.com/ethereumproject) [@welshiewelshie](https://twitter.com/welshiewelshie)\nThat Last one is me. I’m nowhere near as useful as the others but friends are always nice :) Remember: Follow your coins and whatever foundations and people may be involved with them!\n**BIG BIG BIG** side note: the [@Bitcoin](https://twitter.com/Bitcoin) handle has been bought by some people marketing Bitcoin Cash and shitting on Bitcoin. Basically just creating **FUD** about Bitcoin and trying to move people over to Bitcoin Cash. Follow them but remember their awfully misleading and conniving purpose.\n
\n
___\n___\n\nSTAY AWAY FROM THE FOLLOWING!\n- **etherdelta.com** This was an excellent decentralised exchange using smart contracts to conduct the sale and purchase of ERC20 tokens. It was recently bought from its creator by some investors and they are looking to monetize it (they started an ICO). As a result, I no longer trust or use their services. \n- **bitfinex.com** These guys have stopped serving customers from the USA due to their lack of regulatory compliance. The main worry with them is that they are heavily connected with Tether (a quick Search or twitter of Tether will tell you what you need to know) I wouldn’t use them, I expect them to come crashing down like Mt Gox  (Search it. It was the first crisis to hit the bitcoin and cryptocurrency world)\n- **CNBC Money** Just don’t listen to them they have no idea what they’re talking about. [Here’s a good example](https://www.cnbc.com/2018/01/16/cryptocurrency-sell-off-tether-faring-better-than-rest.html), read it now before the paragraph afterwards explains it and see if you can see why following them is like the blind leading the blind.\n
\nThey’re selling you Tether as being a good investment because it had risen 3% despite everything else taking a hit. Yet it was, at that point, worth just over a dollar so logically, being tethered to the dollar, it’s going to go back down to a dollar. If you look at the [Coin Market Cap](https://coinmarketcap.com/) chart for Tether you’ll see what I mean. This is an example of someone making a story from nothing on the back of the crypto hype i.e. the words crypto, blockchain and bitcoin. This can be common. Remember, not all news is good news and not all news is actually news.\n
\nThe market is currently tanking and has been for a few days, we could be hitting the bottom soon which means you could be coming in at a good time. But in reality who knows? If I could predict the future I sure as hell wouldn’t be writing this. But it is a time to buy in that’s better than two months ago, imagine being those people that bought in at the high of $19,200 for 1 BTC! No really, actually sit there look at the current bitcoin price and imagine being them. It could be you in a month. You’ve imagined buying and watching it rise (that’s where you encountered the **FOMO**) and now imagine buying and watching it fall. There’s nothing to say that all of this won’t go south for all of us.\nBut if you believe in the technology, which is proving itself more every year, and if you believe in the concept then there’s no reason for you not to put your money where your mouth is.\nI implore you to set up a node. You don’t have to mine the coins and waste tons of money on energy but you can contribute to the evolution and strength of the network by buying a big hard drive and setting up a node. [Here’s a guide](https://bitcoin.org/en/full-node#what-is-a-full-node) from Bitcoin Core (the title of the decentralised group of bitcoin developers) if you need more help ask the internet. Search it or get onto [Reddit](https://www.reddit.com/) or [bitcointalk.org](https://bitcointalk.org/) people are more than willing to help you perpetuate the ecosystem. It doesn’t have to be a bitcoin node either, if there is a different coin you favour then you can set up a node on that network.\n
\n___\n___
\n\nFinally some suggestions from me.\nBut first: **Don’t trust me.** Don’t jump into these feet first. **Do your research first!** \nBitcoin BTC, Ethereum ETH, Litecoin LTC, Dentacoin DCN, NEO NEO, Cardano ADA, Ethereum Classic ETC, Rivetz RVT\n
\nNow it’s all down to you with one final, and most important, warning: Never ever, **NEVER EVER**, give anyone your private keys or mnemonic phrase. Never ever, **NEVER EVER**, create a digital copy of your private keys or mnemonic phrase. Do not even take a photo of it. This is how they get stolen and that is how you lose all of your coins. **Write it down** (if you have your mnemonic phrase you don’t need your private key). Store it where no one else knows where it is, not even your family or your loved ones. Write out a second copy and give to someone you completely trust, a parent or a sibling probably fits this category best. Why do this? Well, if your house caught fire then your money literally went up in smoke. You are your own bank if your keys fall into the wrong hands and your stuff goes missing then there is no-one to blame but yourself.\nGood luck out there and Happy HODLing! :)\n
\nIf you feel like sending me love for this it’s always appreciated and can be received here:\n**BTC:** 33YJKoNGpjpL9Tf2PSUCRTkubCZfrU575S\n**ETH:** 0x97C40cBb647920Ed83c456661d5a537557bAE38D\n**LTC:** MTZx66VxTmo4Ed8WAi2kCTT8d6UBYVBZYp\n**ETC:** 0xb6B553B400770F40c37F7596db6CaE1b8fE68578\n**ADA:** DdzFFzCqrht2nBt9DbskPVFsC4bKUYpra9xvPg2agFi39eUbwa9MMPjuo2EfnduYN3PnWTTgAixihgpbLdqhNGDs4Br9owXSYnA378UC\n\n<center>_Important Note: Never trust anyone in the cryptoverse. Not even me. That's right, don't trust this article. Research it more and verfiy it for yourself. Verify, verify, **VERIFY**. This is all your responsibility now. There is no one to cry to if you mess it up. You're the only one that can mess it up for you.\nImportant Note No. 2: This article does not constitute investment or financial advice, and should not be considered as such. Please undertake your own research and come to your own conclusions before investing in anything. As always, never invest more than you can afford to lose._</center>",
      "json_metadata": "{\"tags\":[\"cryptocurrency\",\"crypto\",\"introduction\",\"start\",\"bitcoin\"],\"links\":[\"https://www.coindesk.com/coindesk-most-influential-2017-1-bitcoin-sign-guy/\",\"https://bitcoin.org/bitcoin.pdf\",\"www.youtube.com/watch?v=bBC-nXj3Ng4\",\"www.youtube.com/watch?v=67uW07QDHxE\",\"https://medium.com/@kerbleski/a-dance-with-infinity-980bd8e9a781\",\"https://blog.getclef.com/what-is-cold-storage-6276471dc46d\",\"https://trezor.io/\",\"https://www.ledgerwallet.com/\",\"https://blockgeeks.com/guides/smart-contracts/\",\"https://medium.com/@james_3093/ethereum-erc20-tokens-explained-9f7f304055df\",\"https://en.wikipedia.org/wiki/Initial_coin_offering\",\"https://www.coindesk.com/blockchain-forks-rage-will-ever-safe/\",\"https://en.wikipedia.org/wiki/Bitcoin_Cash\",\"https://www.coindesk.com/category/features/2017-review/\",\"https://bitcointalk.org/index.php?topic=375643.0\",\"https://en.wikipedia.org/wiki/Ponzi_scheme\",\"https://twitter.com/satoshilite/status/936306965860401152?lang=en\",\"https://www.coinbase.com/\",\"https://bittrex.com/account/Login\",\"https://hitbtc.com/\",\"https://chrome.google.com/webstore/\",\"https://www.myetherwallet.com/\",\"https://bisq.network/\",\"https://coinmarketcap.com/\",\"https://twitter.com/\",\"https://cointelegraph.com/\",\"https://www.coindesk.com\",\"https://www.reddit.com/\",\"https://bitcointalk.org/\",\"https://themerkle.com/\",\"https://twitter.com/lopp\",\"https://twitter.com/WhalePanda\",\"https://twitter.com/fluffypony\",\"https://twitter.com/SatoshiLite\",\"https://twitter.com/maxkeiser\",\"https://twitter.com/LegendOfCrypto\",\"https://twitter.com/CoinMarketCap\",\"https://twitter.com/iamjosephyoung\",\"https://twitter.com/jcp\",\"https://twitter.com/ChrisConeyInt\",\"https://twitter.com/CryptoTutor\",\"https://twitter.com/bitcoincoreorg\",\"https://twitter.com/bisq_network\",\"https://twitter.com/ToneVays\",\"https://twitter.com/crypto_rand\",\"https://twitter.com/metamask_io\",\"https://twitter.com/VitalikButerin\",\"https://twitter.com/myetherwallet\",\"https://twitter.com/ethereumproject\",\"https://twitter.com/welshiewelshie\",\"https://twitter.com/Bitcoin\",\"https://www.cnbc.com/2018/01/16/cryptocurrency-sell-off-tether-faring-better-than-rest.html\",\"https://bitcoin.org/en/full-node#what-is-a-full-node\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}",
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      "title": "An Encompassing Introduction to the World of Bitcoin and Crypto Currencies: Getting You Started"
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      "author": "welshiewelshie",
      "body": "<center>_Important Note: Never trust anyone in the cryptoverse. Not even me. That's right, don't trust this article. Research it more and verify it for yourself. Verify, verify, **VERIFY**. This is all your responsibility now. There is no one to cry to if you mess it up. You're the only one that can mess it up for you.\nImportant Note No. 2: This article does not constitute investment or financial advice, and should not be considered as such. Please undertake your own research and come to your own conclusions before investing in anything. As always, never invest more than you can afford to lose._</center>\n\nRoll Up, Roll Up! Welcome to the Cryptocurrency Theme Park!\nStep On Up!\nDon’t be afraid! We’ve the greatest roller coasters ever made! Death-defying plunges and dizzying heights, the most haunted of houses and the ricketiest rides, all for you to try!\n___\nBelow is a reading list to get you started, but first I want to lay out the theme of what you are entering into with your money:\n\nThe links and documents below will help you get a better understanding of what the cryptocurrency space is about. At the end of the day, it is not really an investment in the monetary sense it is an investment in the future. It is an investment in a money, data and identity revolution. It's about giving people back control of their money, their data and their identities. It's about banking the unbanked, taking your personal data and identity off of all the servers around the world and controlling it yourself. Taking mass data out of the hands of the likes of Google and Facebook. Yes, money can be made in this space, but that wasn’t the intention of the concept, if you stick with it and adoption comes about then you have the (likely) chance of becoming rich. This gives you the capitalistic incentive to foster adoption and spread the knowledge of why and how cryptocurrencies and the blockchain are excellent things for society and the future.\n\n**It’s gonna be a wild ride** so do not put in more money than you are willing to lose. Reread that last sentence. _*DO NOT*_ put more money in than you are willing to lose. In fact, kiss goodbye to the money as soon as you invest it and hope for the best because you’re probably going to leave it there for a while and could potentially never see it again. Don’t mess about with your investments when things go up and down, don’t give into the **FUD** (Fear, Uncertainty and Doubt) like you’ve already given into the **FOMO** (Fear Of Missing Out), we always bounce back from the **FUD**. It’s the newer and more naive investors (you) who react to it and pull their money out (usually at a loss) then go away whining, hurt and sore, cursing and hating the crypto-sphere for their own lack of understanding and testicles. **HODL** your coins and follow those who perpetuate the ecosystem and become an advocate yourself, this is the best way to secure the success of your investment for the future. Things in this space are going to change rapidly and they will go down as fast as they go up, this is a long-term vision not a get rich quick program (they don’t exist). We want mass adoption. What we need is the world to realise that this is a better system than the one we currently run on and you’re the next person aboard the train to help us do it. Finally, do not begin reading this list before you’ve read this whole piece. \n>Become the [“Bitcoin Sign Guy”](https://www.coindesk.com/coindesk-most-influential-2017-1-bitcoin-sign-guy/)\n
\n
\nThat's your warning. Start working your way through these below, do them in order and it should, more or less, work as a progression of knowledge:\n- [**Bitcoin Whitepaper**](https://bitcoin.org/bitcoin.pdf) This is the original document that started all of this. As always, start at the start, Don’t worry if you don’t understand much of the technical, mathematical stuff (I don’t either), it’s the concept and the way it works that is most important\n- [**How Blockchain Actually Works**](www.youtube.com/watch?v=bBC-nXj3Ng4) Watch it. Come back to it and watch it again in a day or two. You’re going to want to watch it a few times\n- [**Private and Public Keys**](www.youtube.com/watch?v=67uW07QDHxE) What are they and how are they created?\n- [**Why are Private Keys and Public Keys so Secure?**](https://medium.com/@kerbleski/a-dance-with-infinity-980bd8e9a781) An entertaining visualisation of sorts\n- [**Cold Storage Defined**](https://blog.getclef.com/what-is-cold-storage-6276471dc46d) Don’t use Coinbase’s cold storage like this suggests. Get yourself a [Trezor](https://trezor.io/) or a [Ledger](https://www.ledgerwallet.com/)\n- [**Smart Contracts Explained**](https://blockgeeks.com/guides/smart-contracts/)\n- [**ERC20 Tokens**](https://medium.com/@james_3093/ethereum-erc20-tokens-explained-9f7f304055df) ERC20 Are the standard used for creating tokens on the ethereum network, if a project you are interested in is not built on its own blockchain chances are that it’s an ERC20 token.\n- [**ICO**](https://en.wikipedia.org/wiki/Initial_coin_offering) The way startups are crowdfunding their projects in the crypto space, usually for ERC20 tokens\n- [**Hard Forking**](https://www.coindesk.com/blockchain-forks-rage-will-ever-safe/) A hard fork is when someone takes a snapshot of a blockchain and then starts running their own blockchain from the time of that snapshot. Usually, those who were holding the coins on the original chain will receive equal amounts of coins on the new chain. Both chains keep on running independently of each other and are only similar by their history before the snapshot was taken and the fork made. Hard forks are often done for development reasons and these result in no new coins being created, but sometimes (and increasingly) hard forks are done by developers who don’t agree with the current direction of the project and tensions reach a breaking point so they head out to enact their vision of the project. This is something you’re going to need to know about in this space. If you want the best example: [Bitcoin Cash](https://en.wikipedia.org/wiki/Bitcoin_Cash)\n- **Scaling** Currently the biggest hurdle for mass adoption of blockchain technology. Google it, search it on CoinDesk and other news sites and see what results you get, it’s getting hotly debated and new solutions are being proposed, tried and tested all the time. \n- [**2017 Year in Review**](https://www.coindesk.com/category/features/2017-review/) Go through this and pick out any headlines that interest you. These are some of the best minds in the cryptocurrency and blockchain world giving their two cents on the extremely eventful year of 2017.\n- [**HODL**](https://bitcointalk.org/index.php?topic=375643.0) Not something you need to know by any means but lighthearted and funny. This is the origin of the term used in the cryptosphere. \n
\n
___\n
___\n\nAlways research your investments. Don’t take my word for it, don’t take someone else word for it, this is you. This is **YOUR** money, **YOUR** gamble, **YOUR** push. **DO YOUR RESEARCH!** Look at the project, look at the team, look at the partners and the advisers. **READ THE WHITEPAPER**. Make notes on the white paper whilst reading it, you won’t want to go back and read the whole 30 pages again when checking for one piece of information. Does their solution need the blockchain? Will a blockchain improve the industry they’re working in? If not question it’s purpose, longterm goal and what impact it may have if any. Look at the distribution of funds, Look at the roadmap, how much have they raised? are they active on social media? what kind of stuff is on their telegram channel? Are they an active part of their community? Look at their slack. Look at their GitHub and see how often their code is getting added to. Look at their Reddit, look at their Twitter. **FOLLOW THEM!** Emails, Twitter, Facebook, etcetera. Do their advisors or team members have Linkedin? check them out. There are many other ways you can research, get creative! Last but not least, become a part of the community. If you want your investment to succeed then help propel it into future success! \nThere are [Ponzi schemes](https://en.wikipedia.org/wiki/Ponzi_scheme) out there trying to take your money so beware. **BEWARE!! DO YOUR RESEARCH!** In the words of [Charlie Lee:](https://twitter.com/satoshilite/status/936306965860401152?lang=en)\n>“If it looks like a duck, walks like a duck and quacks like a duck, then it’s a Ponzi”\n\nThat’s your warning. Heed it. The internet is a vast and dangerous ocean and if you’re reading this then you’re probably not a cypherpunk or coder (neither am I). So, like a penguin in the desert, you’re on foreign ground my friend. Watch your step.\nBookmark, bookmark **BOOKMARK!!** Once you’ve found a website save it! The simplest of spelling errors can take you to a bogus website that looks exactly like the real thing. Once you’ve entered your details you and your funds are fucked. These are copies of the links I have bookmarked but don’t take them for granted. Don’t trust me, don’t trust anyone! Verify, verify, **VERIFY**.\n\n>Verify, verify, VERIFY.\n\n- [Coinbase](https://www.coinbase.com/) This website will be your gateway. Here you can use your bank account or debit card to buy, Bitcoin, Ethereum, Litecoin (I don’t advocate Bitcoin Cash) from there you can send that to your chosen exchange and there you can buy other cryptos. Don't use a credit card to buy crypto, Mastercard and Visa just started levying high charges on crypto currency purchase on credit cards (they're scared that they're going to be made obsolete,and they will be if they don't evolve and embrace)\n- [Bittrex](https://bittrex.com/account/Login) This is the exchange I use. I like them. They’re USA based and are not too quick to list coins and will scrutinise them closely. As a result they don’t have a huge huge listing but they’ll have most of what you might want\n- [HitBTC](https://hitbtc.com/) This is one I’ve just started using, I know some others who really like it. It has a much larger variety of coins than bittrex and if you’re looking for other coins maybe you can find them here\n- **MetaMask** Google Chrome Extension. Download it from the [Google Web Store](https://chrome.google.com/webstore/). MetaMask is an Ethereum wallet built into your chrome browser. It can interact with websites to facilitate payment in ETH and ERC20 tokens. It’s very useful and widely used.\n- [MyEtherWallet](https://www.myetherwallet.com/) The best ethereum wallet out there. You can create an account yourself and store your own private key or (as I would recommend) do it through a [Trezor](https://trezor.io/) or a [Ledger](https://www.ledgerwallet.com/)\n- [Bisq](https://bisq.network/) A decentralised exchange for many native blockchain tokens (BTC, ETH, LTC, etcetera). It does not have a high trading volume right now but the more we use it the higher it gets! It also allows you to use national currencies to purchase crypto. I have not tested this option but I would not be adverse to using it. Coinbase was forced to provide the IRS with details of some of its customers and their transactions last year and eventually they’ll be forced to provide details of all of them. Bisq could be a way around that. (Needs more research on my part, now your part also if you so desire)\n- [Coin Market Cap](https://coinmarketcap.com/) Probably the most important one on this list. Coinmarketcap gives you the prices of all coins aggregated across exchanges, but this isn’t it’s most useful tool. I use Coinmarketcap to research coins. I use it to find links to the coins I want to research and potentially purchase. Find the coin, click the coin and click the link “website” this will lead you to the coins homepage. Bookmark that page! That can then be your secure link to them. You can be _more_ assured that you’ve signed up to the correct mailing list and that you are downloading your wallets from correct sources. Play around with this site you can get some interesting insights from it. \n\n
___\n\nSome places for news, updates and research: [Twitter](https://twitter.com/), [Coin Telegraph](https://cointelegraph.com/), [Coin Desk](https://www.coindesk.com), [Reddit](https://www.reddit.com/), sub Reddit’s, [bitcointalk.org](https://bitcointalk.org/), [The Merkle](https://themerkle.com/)\nTwitter is probably the most important one on that list. I created a twitter account just to stay up to date with my crypto investments, I highly **HIGHLY** recommend you do the same. Follow the coins, follow the news channels, follow the people who created the coins, follow the people who work on the projects, follow the people who report on the crypto-space. Last but not least follow the people who’s opinion _doesn’t_ match your own! Don’t lock yourself into your own little bubble, keep yourself open to outside opinions. If you read a piece and don’t like it question why you don’t like it and whether your distaste has any grounds or if you’re just dismissing it because it doesn’t fit for you. Here are some Twitter handles to get you started: [@lopp](https://twitter.com/lopp) [@WhalePanda](https://twitter.com/WhalePanda) ‏ [@fluffypony](https://twitter.com/fluffypony) [@SatoshiLite](https://twitter.com/SatoshiLite) [@maxkeiser](https://twitter.com/maxkeiser) [@LegendOfCrypto](https://twitter.com/LegendOfCrypto) [@CoinMarketCap](https://twitter.com/CoinMarketCap) [@iamjosephyoung](https://twitter.com/iamjosephyoung) [@jcp](https://twitter.com/jcp) [@ChrisConeyInt](https://twitter.com/ChrisConeyInt) [@CryptoTutor](https://twitter.com/CryptoTutor) [@bitcoincoreorg](https://twitter.com/bitcoincoreorg) [@bisq_network](https://twitter.com/bisq_network) [@ToneVays](https://twitter.com/ToneVays) [@crypto_rand](https://twitter.com/crypto_rand) [@metamask_io](https://twitter.com/metamask_io) [@VitalikButerin](https://twitter.com/VitalikButerin) [@myetherwallet](https://twitter.com/myetherwallet) [@ethereumproject](https://twitter.com/ethereumproject) [@welshiewelshie](https://twitter.com/welshiewelshie)\nThat Last one is me. I’m nowhere near as useful as the others but friends are always nice :) Remember: Follow your coins and whatever foundations and people may be involved with them!\n**BIG BIG BIG** side note: the [@Bitcoin](https://twitter.com/Bitcoin) handle has been bought by some people marketing Bitcoin Cash and shitting on Bitcoin. Basically just creating **FUD** about Bitcoin and trying to move people over to Bitcoin Cash. Follow them but remember their awfully misleading and conniving purpose.\n
\n
___\n___\n\nSTAY AWAY FROM THE FOLLOWING!\n- **etherdelta.com** This was an excellent decentralised exchange using smart contracts to conduct the sale and purchase of ERC20 tokens. It was recently bought from its creator by some investors and they are looking to monetize it (they started an ICO). As a result, I no longer trust or use their services. \n- **bitfinex.com** These guys have stopped serving customers from the USA due to their lack of regulatory compliance. The main worry with them is that they are heavily connected with Tether (a quick Search or twitter of Tether will tell you what you need to know) I wouldn’t use them, I expect them to come crashing down like Mt Gox  (Search it. It was the first crisis to hit the bitcoin and cryptocurrency world)\n- **CNBC Money** Just don’t listen to them they have no idea what they’re talking about. [Here’s a good example](https://www.cnbc.com/2018/01/16/cryptocurrency-sell-off-tether-faring-better-than-rest.html), read it now before the paragraph afterwards explains it and see if you can see why following them is like the blind leading the blind.\n
\nThey’re selling you Tether as being a good investment because it had risen 3% despite everything else taking a hit. Yet it was, at that point, worth just over a dollar so logically, being tethered to the dollar, it’s going to go back down to a dollar. If you look at the [Coin Market Cap](https://coinmarketcap.com/) chart for Tether you’ll see what I mean. This is an example of someone making a story from nothing on the back of the crypto hype i.e. the words crypto, blockchain and bitcoin. This can be common. Remember, not all news is good news and not all news is actually news.\n
\nThe market is currently tanking and has been for a few days, we could be hitting the bottom soon which means you could be coming in at a good time. But in reality who knows? If I could predict the future I sure as hell wouldn’t be writing this. But it is a time to buy in that’s better than two months ago, imagine being those people that bought in at the high of $19,200 for 1 BTC! No really, actually sit there look at the current bitcoin price and imagine being them. It could be you in a month. You’ve imagined buying and watching it rise (that’s where you encountered the **FOMO**) and now imagine buying and watching it fall. There’s nothing to say that all of this won’t go south for all of us.\nBut if you believe in the technology, which is proving itself more every year, and if you believe in the concept then there’s no reason for you not to put your money where your mouth is.\nI implore you to set up a node. You don’t have to mine the coins and waste tons of money on energy but you can contribute to the evolution and strength of the network by buying a big hard drive and setting up a node. [Here’s a guide](https://bitcoin.org/en/full-node#what-is-a-full-node) from Bitcoin Core (the title of the decentralised group of bitcoin developers) if you need more help ask the internet. Search it or get onto [Reddit](https://www.reddit.com/) or [bitcointalk.org](https://bitcointalk.org/) people are more than willing to help you perpetuate the ecosystem. It doesn’t have to be a bitcoin node either, if there is a different coin you favour then you can set up a node on that network.\n
\n___\n___
\n\nFinally some suggestions from me.\nBut first: **Don’t trust me.** Don’t jump into these feet first. **Do your research first!** \nBitcoin BTC, Ethereum ETH, Litecoin LTC, Dentacoin DCN, NEO NEO, Cardano ADA, Ethereum Classic ETC, Rivetz RVT\n
\nNow it’s all down to you with one final, and most important, warning: Never ever, **NEVER EVER**, give anyone your private keys or mnemonic phrase. Never ever, **NEVER EVER**, create a digital copy of your private keys or mnemonic phrase. Do not even take a photo of it. This is how they get stolen and that is how you lose all of your coins. **Write it down** (if you have your mnemonic phrase you don’t need your private key). Store it where no one else knows where it is, not even your family or your loved ones. Write out a second copy and give to someone you completely trust, a parent or a sibling probably fits this category best. Why do this? Well, if your house caught fire then your money literally went up in smoke. You are your own bank if your keys fall into the wrong hands and your stuff goes missing then there is no-one to blame but yourself.\nGood luck out there and Happy HODLing! :)\n
\nIf you feel like sending me love for this it’s always appreciated and can be received here:\n**BTC:** 33YJKoNGpjpL9Tf2PSUCRTkubCZfrU575S\n**ETH:** 0x97C40cBb647920Ed83c456661d5a537557bAE38D\n**LTC:** MTZx66VxTmo4Ed8WAi2kCTT8d6UBYVBZYp\n**ETC:** 0xb6B553B400770F40c37F7596db6CaE1b8fE68578\n**ADA:** DdzFFzCqrht2nBt9DbskPVFsC4bKUYpra9xvPg2agFi39eUbwa9MMPjuo2EfnduYN3PnWTTgAixihgpbLdqhNGDs4Br9owXSYnA378UC\n\n<center>_Important Note: Never trust anyone in the cryptoverse. Not even me. That's right, don't trust this article. Research it more and verfiy it for yourself. Verify, verify, **VERIFY**. This is all your responsibility now. There is no one to cry to if you mess it up. You're the only one that can mess it up for you.\nImportant Note No. 2: This article does not constitute investment or financial advice, and should not be considered as such. Please undertake your own research and come to your own conclusions before investing in anything. As always, never invest more than you can afford to lose._</center>",
      "json_metadata": "{\"tags\":[\"cryptocurrency\",\"bitcoin\",\"crypto\",\"introduction\",\"start\"],\"links\":[\"https://www.coindesk.com/coindesk-most-influential-2017-1-bitcoin-sign-guy/\",\"https://bitcoin.org/bitcoin.pdf\",\"www.youtube.com/watch?v=bBC-nXj3Ng4\",\"www.youtube.com/watch?v=67uW07QDHxE\",\"https://medium.com/@kerbleski/a-dance-with-infinity-980bd8e9a781\",\"https://blog.getclef.com/what-is-cold-storage-6276471dc46d\",\"https://trezor.io/\",\"https://www.ledgerwallet.com/\",\"https://blockgeeks.com/guides/smart-contracts/\",\"https://medium.com/@james_3093/ethereum-erc20-tokens-explained-9f7f304055df\",\"https://en.wikipedia.org/wiki/Initial_coin_offering\",\"https://www.coindesk.com/blockchain-forks-rage-will-ever-safe/\",\"https://en.wikipedia.org/wiki/Bitcoin_Cash\",\"https://www.coindesk.com/category/features/2017-review/\",\"https://bitcointalk.org/index.php?topic=375643.0\",\"https://en.wikipedia.org/wiki/Ponzi_scheme\",\"https://twitter.com/satoshilite/status/936306965860401152?lang=en\",\"https://www.coinbase.com/\",\"https://bittrex.com/account/Login\",\"https://hitbtc.com/\",\"https://chrome.google.com/webstore/\",\"https://www.myetherwallet.com/\",\"https://bisq.network/\",\"https://coinmarketcap.com/\",\"https://twitter.com/\",\"https://cointelegraph.com/\",\"https://www.coindesk.com\",\"https://www.reddit.com/\",\"https://bitcointalk.org/\",\"https://themerkle.com/\",\"https://twitter.com/lopp\",\"https://twitter.com/WhalePanda\",\"https://twitter.com/fluffypony\",\"https://twitter.com/SatoshiLite\",\"https://twitter.com/maxkeiser\",\"https://twitter.com/LegendOfCrypto\",\"https://twitter.com/CoinMarketCap\",\"https://twitter.com/iamjosephyoung\",\"https://twitter.com/jcp\",\"https://twitter.com/ChrisConeyInt\",\"https://twitter.com/CryptoTutor\",\"https://twitter.com/bitcoincoreorg\",\"https://twitter.com/bisq_network\",\"https://twitter.com/ToneVays\",\"https://twitter.com/crypto_rand\",\"https://twitter.com/metamask_io\",\"https://twitter.com/VitalikButerin\",\"https://twitter.com/myetherwallet\",\"https://twitter.com/ethereumproject\",\"https://twitter.com/welshiewelshie\",\"https://twitter.com/Bitcoin\",\"https://www.cnbc.com/2018/01/16/cryptocurrency-sell-off-tether-faring-better-than-rest.html\",\"https://bitcoin.org/en/full-node#what-is-a-full-node\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}",
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      "parent_permlink": "bitcoin",
      "permlink": "an-encompassing-introduction-to-the-world-of-bitcoin-and-crypto-currencies-getting-you-started",
      "title": "An Encompassing Introduction to the World of Bitcoin and Crypto Currencies: Getting You Started"
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  "timestamp": "2018-02-04T17:54:09",
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      "body": "@@ -1,19 +1,632 @@\n-Roll up, Roll u\n+%3Ccenter%3E_Important Note: Never trust anyone in the cryptoverse. Not even me. That's right, don't trust this article. Research it more and verify it for yourself. Verify, verify, **VERIFY**. This is all your responsibility now. There is no one to cry to if you mess it up. You're the only one that can mess it up for you.%0AImportant Note No. 2: This article does not constitute investment or financial advice, and should not be considered as such. Please undertake your own research and come to your own conclusions before investing in anything. As always, never invest more than you can afford to lose._%3C/center%3E%0A%0ARoll Up, Roll U\n p! W\n@@ -675,12 +675,12 @@\n tep \n-on u\n+On U\n p!%0AD\n@@ -858,16 +858,20 @@\n to try!%0A\n+___%0A\n Below is\n@@ -991,16 +991,17 @@\n  money:%0A\n+%0A\n The link\n@@ -1277,23 +1277,28 @@\n volution\n-, it is\n+. It's about\n  giving \n@@ -1366,17 +1366,28 @@\n tities. \n-B\n+It's about b\n anking t\n@@ -1511,26 +1511,9 @@\n lf. \n-It also involves t\n+T\n akin\n@@ -1581,16 +1581,17 @@\n ook.%C2%A0Yes\n+,\n %C2%A0money c\n@@ -1946,16 +1946,19 @@\n future.%0A\n+%0A**\n It%E2%80%99s gon\n@@ -1974,16 +1974,18 @@\n ild ride\n+**\n  so do n\n@@ -2066,14 +2066,18 @@\n ce. \n+_*\n DO NOT\n+*_\n  put\n@@ -2396,17 +2396,22 @@\n the \n+**\n FUD\n+**\n  (Fear\n+,\n  Unc\n@@ -2465,20 +2465,24 @@\n nto the \n+**\n FOMO\n+**\n  (Fear O\n@@ -2528,19 +2528,23 @@\n rom the \n+**\n FUD\n+**\n . It%E2%80%99s t\n@@ -2769,20 +2769,24 @@\n ticles.%C2%A0\n+**\n HODL\n+**\n %C2%A0your co\n@@ -3054,17 +3054,17 @@\n s a%C2%A0long\n- \n+-\n term%C2%A0vis\n@@ -3322,16 +3322,24 @@\n t begin \n+reading \n this lis\n@@ -3378,16 +3378,17 @@\n piece.%C2%A0%0A\n+%3E\n Become t\n@@ -3390,16 +3390,17 @@\n ome the \n+%5B\n %E2%80%9CBitcoin\n@@ -3409,17 +3409,17 @@\n ign Guy%E2%80%9D\n- \n+%5D\n (https:/\n@@ -3494,20 +3494,19 @@\n )%0A%E2%80%A8%0A%E2%80%A8%0ATh\n-ere%E2%80%99\n+at'\n s your w\n@@ -3549,19 +3549,25 @@\n gh these\n+ below\n , \n-D\n+d\n o them i\n@@ -3637,20 +3637,21 @@\n nowledge\n-.\n+:\n %0A- \n+%5B\n **Bitcoi\n@@ -3668,21 +3668,44 @@\n er**\n- (attached) t\n+%5D(https://bitcoin.org/bitcoin.pdf) T\n his \n@@ -3945,16 +3945,17 @@\n rtant%0A- \n+%5B\n **How Bl\n@@ -3983,17 +3983,10 @@\n ks**\n- (video)%C2%A0\n+%5D(\n www.\n@@ -4016,16 +4016,17 @@\n -nXj3Ng4\n+)\n %C2%A0Watch i\n@@ -4127,16 +4127,17 @@\n times%0A- \n+%5B\n **Privat\n@@ -4159,18 +4159,10 @@\n ys**\n- (videos)%C2%A0\n+%5D(\n www.\n@@ -4192,16 +4192,17 @@\n W07QDHxE\n+)\n %C2%A0What ar\n@@ -4236,16 +4236,17 @@\n ated?%0A- \n+%5B\n **Why ar\n@@ -4292,48 +4292,10 @@\n e?**\n- An entertaining visualisation of sorts%C2%A0\n+%5D(\n http\n@@ -4354,19 +4354,60 @@\n d8e9a781\n+) An entertaining visualisation of sorts\n %0A- \n+%5B\n **Cold S\n@@ -4418,25 +4418,26 @@\n ge Defined**\n-%C2%A0\n+%5D(\n https://blog\n@@ -4486,10 +4486,9 @@\n c46d\n-%C2%A0-\n+)\n  Don\n@@ -4556,16 +4556,18 @@\n lf a\n-%C2%A0t\n+ %5BT\n rezor\n-%C2%A0\n+%5D(\n http\n@@ -4584,21 +4584,24 @@\n .io/\n+)\n %C2%A0or a \n+%5B\n Ledger\n-%C2%A0\n+%5D(\n http\n@@ -4625,19 +4625,21 @@\n let.com/\n+)\n %0A- \n+%5B\n **Smart \n@@ -4659,17 +4659,18 @@\n lained**\n-%C2%A0\n+%5D(\n https://\n@@ -4707,19 +4707,21 @@\n ntracts/\n+)\n %0A- \n+%5B\n **ERC20 \n@@ -4728,17 +4728,18 @@\n Tokens**\n-%C2%A0\n+%5D(\n https://\n@@ -4805,16 +4805,17 @@\n 304055df\n+)\n %C2%A0ERC20 A\n@@ -4994,16 +4994,18 @@\n .%0A- \n+%5B\n **ICO**\n-%C2%A0\n+%5D(\n http\n@@ -5051,16 +5051,17 @@\n offering\n+)\n %C2%A0The way\n@@ -5150,16 +5150,17 @@\n okens%0A- \n+%5B\n **Hard F\n@@ -5167,17 +5167,18 @@\n orking**\n-%C2%A0\n+%5D(\n https://\n@@ -5231,16 +5231,17 @@\n er-safe/\n+)\n %C2%A0A hard \n@@ -6043,17 +6043,32 @@\n example:\n-%C2%A0\n+ %5BBitcoin Cash%5D(\n https://\n@@ -6101,16 +6101,17 @@\n oin_Cash\n+)\n %0A- **Sca\n@@ -6373,16 +6373,17 @@\n ime.%C2%A0%0A-%C2%A0\n+%5B\n **2017 Y\n@@ -6397,17 +6397,18 @@\n Review**\n-%C2%A0\n+%5D(\n https://\n@@ -6454,16 +6454,17 @@\n -review/\n+)\n %C2%A0Go thro\n@@ -6659,25 +6659,27 @@\n 2017.%0A-%C2%A0\n+%5B\n **HODL**\n-%C2%A0\n+%5D(\n https://\n@@ -6718,16 +6718,17 @@\n 375643.0\n+)\n %C2%A0Not som\n@@ -6853,18 +6853,25 @@\n re.%C2%A0%0A%E2%80%A8%0A%E2%80%A8\n+___%0A%E2%80%A8___\n %0A\n-%E2%80%A8\n %0AAlways \n@@ -6986,24 +6986,32 @@\n  is \n+**\n YOUR\n+**\n  money, \n+**\n YOUR\n+**\n  gam\n@@ -7019,19 +7019,25 @@\n le, \n+**\n YOUR\n+**\n  push. \n+**\n DO%C2%A0Y\n@@ -7049,16 +7049,18 @@\n ESEARCH!\n+**\n  Look at\n@@ -7130,16 +7130,18 @@\n visers. \n+**\n READ THE\n@@ -7151,16 +7151,18 @@\n ITEPAPER\n+**\n . Make n\n@@ -7803,17 +7803,17 @@\n t their%C2%A0\n-r\n+R\n eddit, l\n@@ -7829,17 +7829,19 @@\n eir \n-t\n+T\n witter. \n+**\n FOLL\n@@ -7848,16 +7848,18 @@\n OW THEM!\n+**\n  Emails,\n@@ -7927,17 +7927,17 @@\n rs have%C2%A0\n-l\n+L\n inkedin?\n@@ -8154,16 +8154,17 @@\n ere are \n+%5B\n Ponzi sc\n@@ -8168,17 +8168,17 @@\n  schemes\n- \n+%5D\n (https:/\n@@ -8261,16 +8261,18 @@\n beware. \n+**\n BEWARE!!\n@@ -8289,16 +8289,18 @@\n ESEARCH!\n+**\n  In the \n@@ -8308,16 +8308,17 @@\n ords of \n+%5B\n Charlie \n@@ -8320,17 +8320,87 @@\n rlie Lee\n- \n+:%5D(https://twitter.com/satoshilite/status/936306965860401152?lang=en)%0A%3E\n %E2%80%9CIf it l\n@@ -8477,17 +8477,18 @@\n a Ponzi%E2%80%9D\n- \n+%0A%0A\n That%E2%80%99s y\n@@ -8507,19 +8507,19 @@\n  Heed it\n-, t\n+. T\n he inter\n@@ -8640,18 +8640,19 @@\n er am I)\n- s\n+. S\n o, like \n@@ -8734,25 +8734,28 @@\n p.%0AB\n-OOKMARK BOOKMARK \n+ookmark, bookmark **\n BOOK\n@@ -8760,16 +8760,18 @@\n OKMARK!!\n+**\n  Once yo\n@@ -9105,18 +9105,60 @@\n fy, \n+**\n VERIFY\n-.%0A-%C2%A0\n+**.%0A%0A%3EVerify, verify, VERIFY.%0A%0A-%C2%A0%5BCoinbase%5D(\n http\n@@ -9174,24 +9174,25 @@\n oinbase.com/\n+)\n %C2%A0This websit\n@@ -9663,24 +9663,34 @@\n  embrace)%0A-%C2%A0\n+%5BBittrex%5D(\n https://bitt\n@@ -9710,16 +9710,17 @@\n nt/Login\n+)\n %C2%A0This is\n@@ -9936,16 +9936,25 @@\n  want%0A-%C2%A0\n+%5BHitBTC%5D(\n https://\n@@ -9964,16 +9964,17 @@\n btc.com/\n+)\n %C2%A0This is\n@@ -10166,17 +10166,20 @@\n e%0A-%C2%A0\n+**\n MetaMask\n-.\n+**\n  Goo\n@@ -10193,28 +10193,31 @@\n ome \n-e\n+E\n xtension\n- (d\n+. D\n ownload \n+it \n from\n@@ -10225,77 +10225,64 @@\n the \n+%5B\n Google \n-web s\n+Web S\n tore\n-, just google %E2%80%9Cchrome extensions%E2%80%9D and you%E2%80%99ll find it)\n+%5D(https://chrome.google.com/webstore/).\n  Met\n@@ -10416,18 +10416,19 @@\n 0 tokens\n- i\n+. I\n t%E2%80%99s very\n@@ -10450,19 +10450,36 @@\n ely used\n+.\n %0A-%C2%A0\n+%5BMyEtherWallet%5D(\n https://\n@@ -10500,16 +10500,17 @@\n let.com/\n+)\n %C2%A0The bes\n@@ -10650,27 +10650,91 @@\n h a \n+%5B\n Trezor\n- or Ledger%0A-%C2%A0\n+%5D(https://trezor.io/)%C2%A0or a %5BLedger%5D(https://www.ledgerwallet.com/)%0A-%C2%A0%5BBisq%5D(\n http\n@@ -10750,16 +10750,17 @@\n network/\n+)\n %C2%A0A decen\n@@ -10994,17 +10994,17 @@\n e crypto\n-,\n+.\n  I have \n@@ -11056,16 +11056,22 @@\n erse to \n+using \n it. Coin\n@@ -11131,17 +11131,16 @@\n me of%C2%A0it\n-%E2%80%99\n s%C2%A0custom\n@@ -11143,16 +11143,39 @@\n stomers \n+and their transactions \n last yea\n@@ -11264,22 +11264,22 @@\n e a way \n-out of\n+around\n  that. (\n@@ -11323,20 +11323,60 @@\n our part\n-)%0A-%C2%A0\n+ also if you so desire)%0A-%C2%A0%5BCoin Market Cap%5D(\n https://\n@@ -11393,18 +11393,19 @@\n cap.com/\n-%C2%A0p\n+)%C2%A0P\n robably \n@@ -11645,33 +11645,44 @@\n  to \n-invest it and research, f\n+research and potentially purchase. F\n ind \n@@ -11689,16 +11689,17 @@\n the coin\n+,\n  click t\n@@ -11767,16 +11767,20 @@\n e coins \n+home\n page. Bo\n@@ -11851,20 +11851,22 @@\n  can be \n+_\n more\n+_\n  assured\n@@ -12055,17 +12055,22 @@\n om it.%C2%A0%0A\n-%E2%80%A8\n+%0A%E2%80%A8___%0A\n %0ASome pl\n@@ -12106,25 +12106,50 @@\n search: \n+%5B\n Twitter\n+%5D(https://twitter.com/)\n , \n+%5B\n Coin Tel\n@@ -12154,18 +12154,48 @@\n elegraph\n+%5D(https://cointelegraph.com/)\n , \n+%5B\n Coin Des\n@@ -12199,15 +12199,77 @@\n Desk\n+%5D(https://www.coindesk.com), %5BReddit%5D(https://www.reddit.com/)\n , sub%C2%A0\n-r\n+R\n eddi\n@@ -12273,16 +12273,17 @@\n ddit%E2%80%99s, \n+%5B\n bitcoint\n@@ -12289,18 +12289,46 @@\n talk.org\n+%5D(https://bitcointalk.org/)\n , \n+%5B\n The Merk\n@@ -12329,16 +12329,41 @@\n e Merkle\n+%5D(https://themerkle.com/)\n %0ATwitter\n@@ -12403,19 +12403,23 @@\n ne on th\n-ere\n+at list\n . I crea\n@@ -12505,14 +12505,18 @@\n hly \n+**\n HIGHLY\n+**\n  rec\n@@ -12769,23 +12769,25 @@\n opinion \n+_\n doesn%E2%80%99t\n+_\n  match y\n@@ -13113,28 +13113,91 @@\n ed:%C2%A0\n+%5B\n @lopp\n-%C2%A0@WhalePanda\n+%5D(https://twitter.com/lopp)%C2%A0%5B@WhalePanda%5D(https://twitter.com/WhalePanda)\n %C2%A0%E2%80%8F%C2%A0\n+%5B\n @flu\n@@ -13207,220 +13207,883 @@\n pony\n-%C2%A0@SatoshiLite%C2%A0@maxkeiser%C2%A0@LegendOfCrypto%C2%A0@CoinMarketCap%C2%A0@iamjosephyoung%C2%A0@ChrisConeyInt%C2%A0@CryptoTutor%C2%A0@bitcoincoreorg%C2%A0@bisq_network%C2%A0@ToneVays%C2%A0@crypto_rand%C2%A0@metamask_io%C2%A0@VitalikButerin%C2%A0@myetherwallet%C2%A0@welshiewelshie\n+%5D(https://twitter.com/fluffypony)%C2%A0%5B@SatoshiLite%5D(https://twitter.com/SatoshiLite)%C2%A0%5B@maxkeiser%5D(https://twitter.com/maxkeiser)%C2%A0%5B@LegendOfCrypto%5D(https://twitter.com/LegendOfCrypto)%C2%A0%5B@CoinMarketCap%5D(https://twitter.com/CoinMarketCap)%C2%A0%5B@iamjosephyoung%5D(https://twitter.com/iamjosephyoung) %5B@jcp%5D(https://twitter.com/jcp)%C2%A0%5B@ChrisConeyInt%5D(https://twitter.com/ChrisConeyInt)%C2%A0%5B@CryptoTutor%5D(https://twitter.com/CryptoTutor)%C2%A0%5B@bitcoincoreorg%5D(https://twitter.com/bitcoincoreorg)%C2%A0%5B@bisq_network%5D(https://twitter.com/bisq_network)%C2%A0%5B@ToneVays%5D(https://twitter.com/ToneVays)%C2%A0%5B@crypto_rand%5D(https://twitter.com/crypto_rand)%C2%A0%5B@metamask_io%5D(https://twitter.com/metamask_io)%C2%A0%5B@VitalikButerin%5D(https://twitter.com/VitalikButerin)%C2%A0%5B@myetherwallet%5D(https://twitter.com/myetherwallet) %5B@ethereumproject%5D(https://twitter.com/ethereumproject)%C2%A0%5B@welshiewelshie%5D(https://twitter.com/welshiewelshie)\n %0ATha\n@@ -14098,17 +14098,17 @@\n ne is me\n-,\n+.\n  I%E2%80%99m now\n@@ -14256,17 +14256,21 @@\n ved \n-in\n+with\n  them!%0A\n+**\n BIG \n@@ -14276,16 +14276,18 @@\n  BIG BIG\n+**\n  side no\n@@ -14298,16 +14298,47 @@\n the%C2%A0\n+%5B\n @Bitcoin\n+%5D(https://twitter.com/Bitcoin)\n %C2%A0han\n@@ -14444,19 +14444,23 @@\n reating \n+**\n FUD\n+**\n  about B\n@@ -14545,16 +14545,49 @@\n r their \n+awfully misleading and conniving \n purpose.\n@@ -14590,16 +14590,24 @@\n ose.%0A%E2%80%A8%0A%E2%80%A8\n+___%0A___%0A\n %0ASTAY AW\n@@ -14631,16 +14631,18 @@\n WING!%0A- \n+**\n etherdel\n@@ -14647,16 +14647,18 @@\n elta.com\n+**\n  This wa\n@@ -14797,17 +14797,16 @@\n %C2%A0from%C2%A0it\n-%E2%80%99\n s%C2%A0creato\n@@ -14941,16 +14941,18 @@\n ces.%C2%A0%0A- \n+**\n bitfinex\n@@ -14955,16 +14955,18 @@\n inex.com\n+**\n  These g\n@@ -15020,17 +15020,21 @@\n  due to \n-a\n+their\n  lack of\n@@ -15043,16 +15043,17 @@\n egulator\n+y\n %C2%A0complia\n@@ -15138,22 +15138,22 @@\n a quick \n-google\n+Search\n  or twit\n@@ -15274,22 +15274,22 @@\n t Gox%C2%A0%C2%A0(\n-google\n+Search\n  it. It \n@@ -15334,25 +15334,24 @@\n n and%C2%A0crypto\n- \n currency%C2%A0wor\n@@ -15360,19 +15360,22 @@\n )%0A- \n+**\n CNBC \n-m\n+M\n oney\n-.\n+**\n  Jus\n@@ -15441,18 +15441,20 @@\n ng about\n- h\n+. %5BH\n ere%E2%80%99s a \n@@ -15469,199 +15469,238 @@\n mple\n-, read it now before the paragraph afterwards explains it and see if you can see why they%E2%80%99re wrong%C2%A0https://www.cnbc.com/2018/01/16/cryptocurrency-sell-off-tether-faring-better-than-rest.html%C2%A0\n+%5D(https://www.cnbc.com/2018/01/16/cryptocurrency-sell-off-tether-faring-better-than-rest.html), read it now before the paragraph afterwards explains it and see if you can see why following them is like the blind leading the blind.\n %0A%E2%80%A8%0AT\n@@ -15814,17 +15814,17 @@\n  a hit. \n-y\n+Y\n et it wa\n@@ -15969,16 +15969,42 @@\n  at the%C2%A0\n+%5BCoin Market Cap%5D(https://\n coinmark\n@@ -16008,16 +16008,22 @@\n arketcap\n+.com/)\n %C2%A0chart f\n@@ -16025,17 +16025,17 @@\n art for \n-t\n+T\n ether yo\n@@ -16113,19 +16113,96 @@\n  nothing\n-, t\n+ on the back of the crypto hype i.e. the words crypto, blockchain and bitcoin. T\n his can \n@@ -16210,16 +16210,26 @@\n e common\n+. Remember\n , not al\n@@ -16312,28 +16312,8 @@\n ntly\n- (has recently been)\n  tan\n@@ -16858,20 +16858,28 @@\n untered \n+the **\n FOMO\n+**\n ) and no\n@@ -16986,17 +16986,17 @@\n l of us.\n- \n+%0A\n But if y\n@@ -17391,16 +17391,17 @@\n a node. \n+%5B\n Here%E2%80%99s a\n@@ -17406,16 +17406,71 @@\n  a guide\n+%5D(https://bitcoin.org/en/full-node#what-is-a-full-node)\n  from Bi\n@@ -17544,61 +17544,8 @@\n ers)\n-%C2%A0https://bitcoin.org/en/full-node#what-is-a-full-node\n %C2%A0if \n@@ -17581,22 +17581,22 @@\n ternet. \n-Google\n+Search\n  it or g\n@@ -17607,18 +17607,46 @@\n nto%C2%A0\n-reddit\n+%5BReddit%5D(https://www.reddit.com/)\n %C2%A0or \n+%5B\n bitc\n@@ -17656,16 +17656,43 @@\n talk.org\n+%5D(https://bitcointalk.org/)\n  people \n@@ -17839,28 +17839,8 @@\n vour\n- (and I have my own)\n  the\n@@ -17882,18 +17882,26 @@\n work.%0A%E2%80%A8%0A\n+___%0A___\n %E2%80%A8%0A\n+%0A\n Finally \n@@ -17925,17 +17925,17 @@\n from me.\n- \n+%0A\n But firs\n@@ -17937,16 +17937,18 @@\n  first: \n+**\n Don%E2%80%99t tr\n@@ -17954,16 +17954,18 @@\n rust me.\n+**\n  Don%E2%80%99t j\n@@ -17991,16 +17991,18 @@\n  first. \n+**\n Do your \n@@ -18016,16 +18016,18 @@\n h first!\n+**\n %C2%A0%0ABitcoi\n@@ -18207,32 +18207,34 @@\n ng: Never ever, \n+**\n NEVER EVER, give\n@@ -18227,16 +18227,18 @@\n VER EVER\n+**\n , give a\n@@ -18293,16 +18293,18 @@\n r ever, \n+**\n NEVER EV\n@@ -18305,16 +18305,18 @@\n VER EVER\n+**\n , create\n@@ -18370,19 +18370,19 @@\n c phrase\n-, d\n+. D\n o not ev\n@@ -18476,16 +18476,18 @@\n  coins. \n+**\n Write it\n@@ -18491,16 +18491,18 @@\n  it down\n+**\n  (if you\n@@ -18769,17 +18769,17 @@\n ory best\n-,\n+.\n  Why do \n@@ -18784,17 +18784,23 @@\n o this? \n-I\n+Well, i\n f your h\n@@ -19133,12 +19133,16 @@\n re:%0A\n+**\n BTC:\n+**\n %C2%A033Y\n@@ -19177,13 +19177,16 @@\n 75S%0A\n+**\n ETH:\n-%C2%A0\n+**\n %C2%A00x9\n@@ -19229,12 +19229,16 @@\n 38D%0A\n+**\n LTC:\n+**\n %C2%A0MTZ\n@@ -19273,13 +19273,16 @@\n ZYp%0A\n+**\n ETC:\n-%C2%A0\n+**\n %C2%A00xb\n@@ -19325,13 +19325,16 @@\n 578%0A\n+**\n ADA:\n-%C2%A0\n+**\n %C2%A0Ddz\n@@ -19434,8 +19434,621 @@\n YnA378UC\n+%0A%0A%3Ccenter%3E_Important Note: Never trust anyone in the cryptoverse. Not even me. That's right, don't trust this article. Research it more and verfiy it for yourself. Verify, verify, **VERIFY**. This is all your responsibility now. There is no one to cry to if you mess it up. You're the only one that can mess it up for you.%0AImportant Note No. 2: This article does not constitute investment or financial advice, and should not be considered as such. Please undertake your own research and come to your own conclusions before investing in anything. As always, never invest more than you can afford to lose._%3C/center%3E\n",
      "json_metadata": "{\"tags\":[\"bitcoin\",\"cryptocurrency\",\"crypto\",\"introduction\",\"start\"],\"links\":[\"https://www.coindesk.com/coindesk-most-influential-2017-1-bitcoin-sign-guy/\",\"https://bitcoin.org/bitcoin.pdf\",\"www.youtube.com/watch?v=bBC-nXj3Ng4\",\"www.youtube.com/watch?v=67uW07QDHxE\",\"https://medium.com/@kerbleski/a-dance-with-infinity-980bd8e9a781\",\"https://blog.getclef.com/what-is-cold-storage-6276471dc46d\",\"https://trezor.io/\",\"https://www.ledgerwallet.com/\",\"https://blockgeeks.com/guides/smart-contracts/\",\"https://medium.com/@james_3093/ethereum-erc20-tokens-explained-9f7f304055df\",\"https://en.wikipedia.org/wiki/Initial_coin_offering\",\"https://www.coindesk.com/blockchain-forks-rage-will-ever-safe/\",\"https://en.wikipedia.org/wiki/Bitcoin_Cash\",\"https://www.coindesk.com/category/features/2017-review/\",\"https://bitcointalk.org/index.php?topic=375643.0\",\"https://en.wikipedia.org/wiki/Ponzi_scheme\",\"https://twitter.com/satoshilite/status/936306965860401152?lang=en\",\"https://www.coinbase.com/\",\"https://bittrex.com/account/Login\",\"https://hitbtc.com/\",\"https://chrome.google.com/webstore/\",\"https://www.myetherwallet.com/\",\"https://bisq.network/\",\"https://coinmarketcap.com/\",\"https://twitter.com/\",\"https://cointelegraph.com/\",\"https://www.coindesk.com\",\"https://www.reddit.com/\",\"https://bitcointalk.org/\",\"https://themerkle.com/\",\"https://twitter.com/lopp\",\"https://twitter.com/WhalePanda\",\"https://twitter.com/fluffypony\",\"https://twitter.com/SatoshiLite\",\"https://twitter.com/maxkeiser\",\"https://twitter.com/LegendOfCrypto\",\"https://twitter.com/CoinMarketCap\",\"https://twitter.com/iamjosephyoung\",\"https://twitter.com/jcp\",\"https://twitter.com/ChrisConeyInt\",\"https://twitter.com/CryptoTutor\",\"https://twitter.com/bitcoincoreorg\",\"https://twitter.com/bisq_network\",\"https://twitter.com/ToneVays\",\"https://twitter.com/crypto_rand\",\"https://twitter.com/metamask_io\",\"https://twitter.com/VitalikButerin\",\"https://twitter.com/myetherwallet\",\"https://twitter.com/ethereumproject\",\"https://twitter.com/welshiewelshie\",\"https://twitter.com/Bitcoin\",\"https://www.cnbc.com/2018/01/16/cryptocurrency-sell-off-tether-faring-better-than-rest.html\",\"https://bitcoin.org/en/full-node#what-is-a-full-node\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}",
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      "title": "An Encompassing Introduction to the World of Bitcoin and Crypto Currencies: Getting You Started"
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      "author": "welshiewelshie",
      "body": "Roll up, Roll up! Welcome to the Cryptocurrency Theme Park!\nStep on up!\nDon’t be afraid! We’ve the greatest roller coasters ever made! Death-defying plunges and dizzying heights, the most haunted of houses and the ricketiest rides, all for you to try!\nBelow is a reading list to get you started, but first I want to lay out the theme of what you are entering into with your money:\nThe links and documents below will help you get a better understanding of what the cryptocurrency space is about. At the end of the day, it is not really an investment in the monetary sense it is an investment in the future. It is an investment in a money, data and identity revolution, it is giving people back control of their money, their data and their identities. Banking the unbanked, taking your personal data and identity off of all the servers around the world and controlling it yourself. It also involves taking mass data out of the hands of the likes of Google and Facebook. Yes money can be made in this space, but that wasn’t the intention of the concept, if you stick with it and adoption comes about then you have the (likely) chance of becoming rich. This gives you the capitalistic incentive to foster adoption and spread the knowledge of why and how cryptocurrencies and the blockchain are excellent things for society and the future.\nIt’s gonna be a wild ride so do not put in more money than you are willing to lose. Reread that last sentence. DO NOT put more money in than you are willing to lose. In fact, kiss goodbye to the money as soon as you invest it and hope for the best because you’re probably going to leave it there for a while and could potentially never see it again. Don’t mess about with your investments when things go up and down, don’t give into the FUD (Fear Uncertainty and Doubt) like you’ve already given into the FOMO (Fear Of Missing Out), we always bounce back from the FUD. It’s the newer and more naive investors (you) who react to it and pull their money out (usually at a loss) then go away whining, hurt and sore, cursing and hating the crypto-sphere for their own lack of understanding and testicles. HODL your coins and follow those who perpetuate the ecosystem and become an advocate yourself, this is the best way to secure the success of your investment for the future. Things in this space are going to change rapidly and they will go down as fast as they go up, this is a long term vision not a get rich quick program (they don’t exist). We want mass adoption. What we need is the world to realise that this is a better system than the one we currently run on and you’re the next person aboard the train to help us do it. Finally, do not begin this list before you’ve read this whole piece. \nBecome the “Bitcoin Sign Guy” (https://www.coindesk.com/coindesk-most-influential-2017-1-bitcoin-sign-guy/)\n
\n
\nThere’s your warning. Start working your way through these, Do them in order and it should, more or less, work as a progression of knowledge.\n- **Bitcoin Whitepaper** (attached) this is the original document that started all of this. As always, start at the start, Don’t worry if you don’t understand much of the technical, mathematical stuff (I don’t either), it’s the concept and the way it works that is most important\n- **How Blockchain Actually Works** (video) www.youtube.com/watch?v=bBC-nXj3Ng4 Watch it. Come back to it and watch it again in a day or two. You’re going to want to watch it a few times\n- **Private and Public Keys** (videos) www.youtube.com/watch?v=67uW07QDHxE What are they and how are they created?\n- **Why are Private Keys and Public Keys so Secure?** An entertaining visualisation of sorts https://medium.com/@kerbleski/a-dance-with-infinity-980bd8e9a781\n- **Cold Storage Defined** https://blog.getclef.com/what-is-cold-storage-6276471dc46d - Don’t use Coinbase’s cold storage like this suggests. Get yourself a trezor https://trezor.io/ or a Ledger https://www.ledgerwallet.com/\n- **Smart Contracts Explained** https://blockgeeks.com/guides/smart-contracts/\n- **ERC20 Tokens** https://medium.com/@james_3093/ethereum-erc20-tokens-explained-9f7f304055df ERC20 Are the standard used for creating tokens on the ethereum network, if a project you are interested in is not built on its own blockchain chances are that it’s an ERC20 token.\n- **ICO** https://en.wikipedia.org/wiki/Initial_coin_offering The way startups are crowdfunding their projects in the crypto space, usually for ERC20 tokens\n- **Hard Forking** https://www.coindesk.com/blockchain-forks-rage-will-ever-safe/ A hard fork is when someone takes a snapshot of a blockchain and then starts running their own blockchain from the time of that snapshot. Usually, those who were holding the coins on the original chain will receive equal amounts of coins on the new chain. Both chains keep on running independently of each other and are only similar by their history before the snapshot was taken and the fork made. Hard forks are often done for development reasons and these result in no new coins being created, but sometimes (and increasingly) hard forks are done by developers who don’t agree with the current direction of the project and tensions reach a breaking point so they head out to enact their vision of the project. This is something you’re going to need to know about in this space. If you want the best example: https://en.wikipedia.org/wiki/Bitcoin_Cash\n- **Scaling** Currently the biggest hurdle for mass adoption of blockchain technology. Google it, search it on CoinDesk and other news sites and see what results you get, it’s getting hotly debated and new solutions are being proposed, tried and tested all the time. \n- **2017 Year in Review** https://www.coindesk.com/category/features/2017-review/ Go through this and pick out any headlines that interest you. These are some of the best minds in the cryptocurrency and blockchain world giving their two cents on the extremely eventful year of 2017.\n- **HODL** https://bitcointalk.org/index.php?topic=375643.0 Not something you need to know by any means but lighthearted and funny. This is the origin of the term used in the cryptosphere. \n
\n
\n
\nAlways research your investments. Don’t take my word for it, don’t take someone else word for it, this is you. This is YOUR money, YOUR gamble, YOUR push. DO YOUR RESEARCH! Look at the project, look at the team, look at the partners and the advisers. READ THE WHITEPAPER. Make notes on the white paper whilst reading it, you won’t want to go back and read the whole 30 pages again when checking for one piece of information. Does their solution need the blockchain? Will a blockchain improve the industry they’re working in? If not question it’s purpose, longterm goal and what impact it may have if any. Look at the distribution of funds, Look at the roadmap, how much have they raised? are they active on social media? what kind of stuff is on their telegram channel? Are they an active part of their community? Look at their slack. Look at their GitHub and see how often their code is getting added to. Look at their reddit, look at their twitter. FOLLOW THEM! Emails, Twitter, Facebook, etcetera. Do their advisors or team members have linkedin? check them out. There are many other ways you can research, get creative! Last but not least, become a part of the community. If you want your investment to succeed then help propel it into future success! \nThere are Ponzi schemes (https://en.wikipedia.org/wiki/Ponzi_scheme) out there trying to take your money so beware. BEWARE!! DO YOUR RESEARCH! In the words of Charlie Lee “If it looks like a duck, walks like a duck and quacks like a duck, then it’s a Ponzi” That’s your warning. Heed it, the internet is a vast and dangerous ocean and if you’re reading this then you’re probably not a cypherpunk or coder (neither am I) so, like a penguin in the desert, you’re on foreign ground my friend. Watch your step.\nBOOKMARK BOOKMARK BOOKMARK!! Once you’ve found a website save it! The simplest of spelling errors can take you to a bogus website that looks exactly like the real thing. Once you’ve entered your details you and your funds are fucked. These are copies of the links I have bookmarked but don’t take them for granted. Don’t trust me, don’t trust anyone! Verify, verify, VERIFY.\n- https://www.coinbase.com/ This website will be your gateway. Here you can use your bank account or debit card to buy, Bitcoin, Ethereum, Litecoin (I don’t advocate Bitcoin Cash) from there you can send that to your chosen exchange and there you can buy other cryptos. Don't use a credit card to buy crypto, Mastercard and Visa just started levying high charges on crypto currency purchase on credit cards (they're scared that they're going to be made obsolete,and they will be if they don't evolve and embrace)\n- https://bittrex.com/account/Login This is the exchange I use. I like them. They’re USA based and are not too quick to list coins and will scrutinise them closely. As a result they don’t have a huge huge listing but they’ll have most of what you might want\n- https://hitbtc.com/ This is one I’ve just started using, I know some others who really like it. It has a much larger variety of coins than bittrex and if you’re looking for other coins maybe you can find them here\n- MetaMask. Google Chrome extension (download from the Google web store, just google “chrome extensions” and you’ll find it) MetaMask is an Ethereum wallet built into your chrome browser. It can interact with websites to facilitate payment in ETH and ERC20 tokens it’s very useful and widely used\n- https://www.myetherwallet.com/ The best ethereum wallet out there. You can create an account yourself and store your own private key or (as I would recommend) do it through a Trezor or Ledger\n- https://bisq.network/ A decentralised exchange for many native blockchain tokens (BTC, ETH, LTC, etcetera). It does not have a high trading volume right now but the more we use it the higher it gets! It also allows you to use national currencies to purchase crypto, I have not tested this option but I would not be adverse to it. Coinbase was forced to provide the IRS with details of some of it’s customers last year and eventually they’ll be forced to provide details of all of them. Bisq could be a way out of that. (Needs more research on my part, now your part)\n- https://coinmarketcap.com/ probably the most important one on this list. Coinmarketcap gives you the prices of all coins aggregated across exchanges, but this isn’t it’s most useful tool. I use Coinmarketcap to research coins. I use it to find links to the coins I want to invest it and research, find the coin click the coin and click the link “website” this will lead you to the coins page. Bookmark that page! That can then be your secure link to them. You can be more assured that you’ve signed up to the correct mailing list and that you are downloading your wallets from correct sources. Play around with this site you can get some interesting insights from it. \n
\nSome places for news, updates and research: Twitter, Coin Telegraph, Coin Desk, sub reddit’s, bitcointalk.org, The Merkle\nTwitter is probably the most important one on there. I created a twitter account just to stay up to date with my crypto investments, I highly HIGHLY recommend you do the same. Follow the coins, follow the news channels, follow the people who created the coins, follow the people who work on the projects, follow the people who report on the crypto-space. Last but not least follow the people who’s opinion doesn’t match your own! Don’t lock yourself into your own little bubble, keep yourself open to outside opinions. If you read a piece and don’t like it question why you don’t like it and whether your distaste has any grounds or if you’re just dismissing it because it doesn’t fit for you. Here are some Twitter handles to get you started: @lopp @WhalePanda ‏ @fluffypony @SatoshiLite @maxkeiser @LegendOfCrypto @CoinMarketCap @iamjosephyoung @ChrisConeyInt @CryptoTutor @bitcoincoreorg @bisq_network @ToneVays @crypto_rand @metamask_io @VitalikButerin @myetherwallet @welshiewelshie\nThat Last one is me, I’m nowhere near as useful as the others but friends are always nice :) Remember: Follow your coins and whatever foundations and people may be involved in them!\nBIG BIG BIG side note: the @Bitcoin handle has been bought by some people marketing Bitcoin Cash and shitting on Bitcoin. Basically just creating FUD about Bitcoin and trying to move people over to Bitcoin Cash. Follow them but remember their purpose.\n
\n
\nSTAY AWAY FROM THE FOLLOWING!\n- etherdelta.com This was an excellent decentralised exchange using smart contracts to conduct the sale and purchase of ERC20 tokens. It was recently bought from it’s creator by some investors and they are looking to monetize it (they started an ICO). As a result, I no longer trust or use their services. \n- bitfinex.com These guys have stopped serving customers from the USA due to a lack of regulator compliance. The main worry with them is that they are heavily connected with Tether (a quick google or twitter of Tether will tell you what you need to know) I wouldn’t use them, I expect them to come crashing down like Mt Gox  (google it. It was the first crisis to hit the bitcoin and crypto currency world)\n- CNBC money. Just don’t listen to them they have no idea what they’re talking about here’s a good example, read it now before the paragraph afterwards explains it and see if you can see why they’re wrong https://www.cnbc.com/2018/01/16/cryptocurrency-sell-off-tether-faring-better-than-rest.html \n
\nThey’re selling you Tether as being a good investment because it had risen 3% despite everything else taking a hit. yet it was, at that point, worth just over a dollar so logically, being tethered to the dollar, it’s going to go back down to a dollar. If you look at the coinmarketcap chart for tether you’ll see what I mean. This is an example of someone making a story from nothing, this can be common, not all news is good news and not all news is actually news.\n
\nThe market is currently (has recently been) tanking and has been for a few days, we could be hitting the bottom soon which means you could be coming in at a good time. But in reality who knows? If I could predict the future I sure as hell wouldn’t be writing this. But it is a time to buy in that’s better than two months ago, imagine being those people that bought in at the high of $19,200 for 1 BTC! No really, actually sit there look at the current bitcoin price and imagine being them. It could be you in a month. You’ve imagined buying and watching it rise (that’s where you encountered FOMO) and now imagine buying and watching it fall. There’s nothing to say that all of this won’t go south for all of us. But if you believe in the technology, which is proving itself more every year, and if you believe in the concept then there’s no reason for you not to put your money where your mouth is.\nI implore you to set up a node. You don’t have to mine the coins and waste tons of money on energy but you can contribute to the evolution and strength of the network by buying a big hard drive and setting up a node. Here’s a guide from Bitcoin Core (the title of the decentralised group of bitcoin developers) https://bitcoin.org/en/full-node#what-is-a-full-node if you need more help ask the internet. Google it or get onto reddit or bitcointalk.org people are more than willing to help you perpetuate the ecosystem. It doesn’t have to be a bitcoin node either, if there is a different coin you favour (and I have my own) then you can set up a node on that network.\n
\n
\nFinally some suggestions from me. But first: Don’t trust me. Don’t jump into these feet first. Do your research first! \nBitcoin BTC, Ethereum ETH, Litecoin LTC, Dentacoin DCN, NEO NEO, Cardano ADA, Ethereum Classic ETC, Rivetz RVT\n
\nNow it’s all down to you with one final, and most important, warning: Never ever, NEVER EVER, give anyone your private keys or mnemonic phrase. Never ever, NEVER EVER, create a digital copy of your private keys or mnemonic phrase, do not even take a photo of it. This is how they get stolen and that is how you lose all of your coins. Write it down (if you have your mnemonic phrase you don’t need your private key). Store it where no one else knows where it is, not even your family or your loved ones. Write out a second copy and give to someone you completely trust, a parent or a sibling probably fits this category best, Why do this? If your house caught fire then your money literally went up in smoke. You are your own bank if your keys fall into the wrong hands and your stuff goes missing then there is no-one to blame but yourself.\nGood luck out there and Happy HODLing! :)\n
\nIf you feel like sending me love for this it’s always appreciated and can be received here:\nBTC: 33YJKoNGpjpL9Tf2PSUCRTkubCZfrU575S\nETH:  0x97C40cBb647920Ed83c456661d5a537557bAE38D\nLTC: MTZx66VxTmo4Ed8WAi2kCTT8d6UBYVBZYp\nETC:  0xb6B553B400770F40c37F7596db6CaE1b8fE68578\nADA:  DdzFFzCqrht2nBt9DbskPVFsC4bKUYpra9xvPg2agFi39eUbwa9MMPjuo2EfnduYN3PnWTTgAixihgpbLdqhNGDs4Br9owXSYnA378UC",
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      "body": "https://steemitimages.com/DQmNcCPx4KyPNUegsmf7pSF8KTaayXQ9M3x2BAZNkXkb4xQ/Screen%20Shot%202017-12-01%20at%2010.46.37.jpg\n\nThe ride app Cryder doesn’t have a “Get Your First Ride Free!” promotion, or a “First $20 On Us!” gimmick to entice you to use their services. Which, in todays world, can seem a little stranger than people actually pushing their product in your face with commercials and big billboard advertisements. Why not advertise? Excellent question.\nCryder is an application truly built by the people, for the people. It is a decentralised, open sourced, application, meaning that anyone can access and view the code and therefore anyone can review, scrutinise and utilise said code. With Cryder there is no “Man” to which you or the drivers will pay fees or commission, everything that you pay goes straight to the driver. The no advertising and absence of fees stems from the fact that there is no “Man” or Company controlling this application and, therefore, no one controlling the data and the prices. No one setting the prices!\n\tWhat does all this mean for you as a rider? Let's make this easy to read and easy to explain to your friends:\n\n* <b>Cheaper Rides in General:</b> Drivers compete for your ride. Meaning that each driver will, upon seeing your requested trip, enter the price he/she is willing to accept for providing that service. Many drivers can bid on a ride and <i>you</i> then select which price suits your budget.\n* <b>Cheaper Rides During Surge Times:</b> Uber and Lyft take a percentage of a driver's earning, From a Cryder driver, no one does. This means that when prices “surge” on these other apps you can migrate to Cryder and pay a slightly higher Cryder price but a much lower price overall, because all of your money goes to the driver.\n* <b>Security:</b> [A recent hack](https://www.theguardian.com/technology/2017/nov/21/uber-data-hack-cyber-attack) of the Uber database has reminded us that no centralised application is safe from such attacks. With Cryder all of your payment and personal information is stored on your device and not accessible to anyone else. Not to your driver and definitely not to Cryder. Once your trip is complete, payment is made and all traces of the transaction are removed from the app. Disappearing forever. Riders are completely anonymous in the Cryder universe.\n* <b>Trust Through Anonymity:</b> Until they pull up next to you, your driver doesn’t know anything about you (besides your location and destination) and you have their profile and registration plate so you can identify the correct vehicle. Every trip is tracked via GPS and deleted after the journey and payment are complete. So you can be assured that, in the same way current ride apps look out for you, the Cryder app will be doing the same.\n* <b>Review System:</b> There will be a review system implemented into the Cryder application, however, the finer details are yet to be finalised. It’ll probably be similar to the ones you’re familiar with now in currently available peer-to-peer ride app.\n\nCryder is another option for you to compare with other ride-sharing apps. A great one at that! It’s network means that you, the rider, know what you’re paying from the start and can ensure you get the best possible price every time. You don’t have to use Cryder every time you ride, but you may find yourself using it more often than you think.\n\nFor more information look up Cryder here: [www.cryder.io](https://www.cryder.io/)\nImage from the Cryder Whitepaper downloaded on 10/27/17",
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      "body": "RightMesh are offering an easily implemented, software based network that can keep all of us connected for longer and, potentially, for less. Their network will allow smartphones, laptops and IoT devices to connect to one another in a self-forming, self-healing and self-regulated mesh network, sharing their internet and opening up the full potential of our devices’ connectivity.\n\nSuch a network won’t rely on centralised servers for data transmission. Instead the infrastructure is one we all carry around with us everyday, our smart phones. A few lines of code inserted into any app on your phone allows you to connect to this network, and after that you choose how much of a part you play. You can be just a user for your benefit or one of a few levels of node benefiting others and allowing you to earn from the network. You can also be an internet provider and sell your excess bandwidth to others on the network.\n\nYou can set the price on your data and others can set the maximum price they’re willing to pay, although, you won’t get fiat currency for your earnings. As with all decentralised networks your earnings will come in the ecosystems native currency, and here that’s MESH. MESH is an ERC20 token, meaning that the network runs on top of the ethereum blockchain. Therefore, payments on the network will be recorded on an immutable record and will also be written into smart contracts, meaning transactions will only be made if they meet the terms you have specified. It is not just data that is going to be available for sale and purchase, you can sell many resources on the network: processing power, device storage and any services created by mesh participants deemed worth paying for by you. This creates a supply from the excess and allows us to use resources which would usually be unused and locked up in our own devices.\n\nData in this network is not just broadcast to every device on the network, instead it makes use of many identified pathways at once and spreads the load across multiple routes, first seeking out the paths with the least number of hops (devices). In time, the team hopes to be able to allow users to choose between this method and a cheapest route alternative. Your data is all pieced back together seamlessly at the end point with little to no latency created by the network. Crucially, this method means that even those at the fringes of the network can receive data at high speeds.\n\nThe network uses wifi, bluetooth and wifi direct to connect devices together, using all these methods to transfer the same data between devices. However, this new network won’t lack security, as RightMesh uses the Open Whisper/Signal library. this is the same encryption protocol used by WhatsApp and Google messaging app Allo. Currently the key is sent through the network, either with one intermediary party (most secure method) or more than one intermediary party (less secure). The team are currently working on 2D barcodes (think QR codes) and NFC technology (think contactless payment) in order for two devices to transfer the key without any third parties involved. They are also working on splitting the key and sending it over multiple devices so that any attacker would simultaneously have to compromise multiple devices across the network.\n \nThe software development kit is free for developers, and the few simple lines of code can be put into the codebase and run in the background of any app. Every user and node in the network need not have the same app to run on this network, so long as one of the apps on your device has the RightMesh code in it you can transfer any of the data onto the next node, no matter which app you or they may have. This allows for much quicker adoption than most traditional, single app ideas, meaning that fast, widespread adoption is highly likely. The chance of this is enhanced by the fact that the technology in your hand never needs to be rooted (jailbroken), making all hardware already compatible with this network.\n\nThe technology that this software is based on is already available and affordable to a huge amount of people worldwide, but many of these people are in developing countries and are priced out of the market by current data and telephone plan pricing. This software will give them a window into the connected web of modern society and the internet. This technology could also be used in an area where the infrastructure for phone and data services just doesn’t exist. Here RightMesh would allow residents and visitors to connect to each other without the presence of the centralised providers we currently rely on. This network could also be utilised during disaster relief efforts when traditional infrastructure has been severally damaged or destroyed, leaving people without a connection.\n\nThis network will open up new consumers to advertisers and publishers whom will need to purchase MESH tokens in order to access this market. These consumers will be able to consume adverts and content in order to get their desired data subsided at a much lower rate or even paid for by the advertiser. Companies can also choose to have their ads viewed offline, by having them stored on the consumers devices. As payment for this MESH will be deducted from their account, and with every play recorded on the blockchain there will be complete transparency for these transactions.\n\nWe’ve managed to remove corporations from our applications with blockchain technology but we still rely on miners and nodes. With RightMesh neither of these are necessary for the network to operate, making it a truly decentralised network. The core technology for RightMesh is based on multiple provisional patents and is currently in private beta testing. At this moment the project only supports Android and some Java-enabled devices, with testing working for meshes of up to 20 devices and testers running data transfers over distances of about 1000ft using just 5 devices. In a network that strengthens with density these numbers are only a peek at what this network can offer. You can bet that wider platform integration is scheduled further down the road, and with a 40+ person team working hard on it right now I’m sure we’ll see something tangible coming out of RightMesh pretty soon.",
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      "body": "###### <center>_**Disclaimer:** I was asked to write this by a member of the Loci Team. However, all views and opinions expressed here are my own and are not necessarily to the benefit of the Loci Project. This article does not constitute investment or financial advice, and should not be considered as such. Please undertake your own research and come to your own conclusions before investing in anything. As always, never invest more than you can afford to lose._</center> \n>\n\n**Note:** All text in quotation marks come from the [Loci Whitepaper, Version 2](https://locipro.com/wp-content/uploads/2017/09/loci-full-whitepaper.pdf)\n\n**Other Note:** This post is also rather lengthy, but that's necessary for those of use that haven't had a peak inside the world of patents \n\n---\n\n&nbsp; First thing to know about this project is that it is not a new idea. It is an established startup with a working product (InnVenn), a growing user base (currently 500+) and an expansive Intellectual Property (IP: the basis of a patent) portfolio. Here’s the beginning: \n&nbsp; InnVenn was first conceptualised in 2008 by company CEO, John Wise, who was highly frustrated by the process of trying to obtain a patent when he was an engineer. Convinced that the process could be significantly improved he set himself upon doing just that. He and his father theorised a method of doing so in 2008 -a “System and Method for Fuzzy Concept Mapping, Voting Ontology Crowd Sourcing, and Technology Prediction”- and had the patent filed for the process in 2012. In February of 2017 the product (InnVenn) was launched and the idea, born nine years before, became a reality.  \n\n### What is it Going to Improve?\n&nbsp; Simply put: the invention process. It will drastically decrease the time taken and money spent on getting and idea protected, while offering a quicker and safer alternative to making money from it, At the same time, levelling the playing field so individuals and small groups of people can compete with corporations and big money.\n&nbsp; Worldwide, the current system used for authentication of a claim to an idea is First-Inventor-To-File (FITF). This means that the first person to file get the priority date on a patent, they then have an exclusive 12 month window to file the patent or else it becomes public domain. This claim can be as little as a sketch with a few scribbled notes.\n&nbsp; The patent process is a painstaking, time and money consuming legal process which involves the submission of an idea to the Patent Office in order for them to check its originality against current databases. However, someone could have filed one the day before and you wouldn’t know for an average of 18 months! “A typical non-provisional application will incur a total cost of $10,000 to $30,000” U.S. Dollars and more technical inventions can easily reach beyond $100,000. These costs are all accrued before you’ve even been ensured that your idea is original and not already patented!\n&nbsp; This whole process favours big companies who have the funds to pay the high legal fees needed to get patents submitted and processed faster. As stated at the beginning, Loci plans to level the playing field and democratise the patent process. They will make this whole process significantly faster, cheaper and more effective than current methods. Allowing individuals and small groups of people to stake claims to an idea quickly, efficiently and, most importantly, in a much more cost-effective manner. Much closer to the speed at which larger companies and corporations do in the current climate, and in an open and transparent matter so there is no dispute over the timing of ideas.\n\n### **How is it Going to Reenvision the Industry?**\n\n&nbsp; Using the before mentioned patented method, which is built into InnVenn:\n<center>“InnVenn, is a data aggregation source for search queries that allows users to recognize the location of novel inventions and ideas”</center>\nInnVenn is an intelligent search engine which searches through patent databases and brings you the results in a Venn diagram (See below if you’ve also forgotten what that is). It allows you to use up to four search terms to see if your idea has already been patented. It allows you to compound searches and adjust individual searches for more specificity and to look outside of your main search term to see if your idea has been used in other spheres. It will store searches made (with full confidentiality) and uses these to learn for the future in order to identify “whitespace” between patents, which has the potential to be filled.\n&nbsp; The way the results are displayed is unique to InnVenn in this industry. Current methods require a lot of manual combing through each individual result, which takes far longer and is much more costly, as often you must also pay a professional to do this for you before your idea is accredited. InnVenn’s method is user-friendly and makes spotting that hole for your invention much, much easier.\n\n\n![Venn.jpg](https://steemitimages.com/DQmSr9YGkKjsRwApYeDyzypjfLyrBMvGnMjkrnwEGAjeLyb/Venn.jpg)\n\n\n&nbsp; This service is free to use by anyone looking to test the software and run a patent test search; [try it here](https://locipro.com/innvenn/). The full version costs $249 per month, or 100 LOCIcoins, and it will be used throughout the Intellectual Property industry. However, The main aim of this product is to bring this service to the masses. To allow anyone with a good idea to see where it fits into the Intellectual Property landscape and if there’s space they will have the accessibility to make a claim to that idea.\n&nbsp; “Loci has been informed that the database itself is view by the United States Patent and Trademark Office as a public database of patents, products, publications, and new ideas, and thus a legitimate location for public disclosure”. It is best to note here that InnVenn cannot currently be deemed an official registry, but Loci’s intent is to, over time, work with patent offices to empower them to streamline their processes; as well as empowering inventors. This was the plan from the beginning, a full industry reshuffle.\n\n### **Tokens = Blockchain**\n&nbsp; The database is going to be built on top of the ethereum blockchain to provide immutable, timestamped, evidence that you were the first one to register your idea and disclose it to the public. When using the InnVenn platform, once you have found that your invention fills a un-patented niche you can stake a claim (costing 1 LOCIcoin) and that then starts the timer on a 12 month grace period for filing for a patent. In this time you can define your invention and upload documentation and select saved search results to prove that your idea fills in a blank in the patent space and that the Intellectual Property is yours.\n\n### Why Have They Produced a Token?
\n&nbsp; Loci have produced LOCIcoin to perpetuate the ecosystem that exists inside their product, to fuel innovation and, of course, to raise capital. To facilitate the first two goals, the Loci Foundation, is going to be created before the end of 2017 whose primary function will be to ensure that the flow of LOCIcoins remain somewhat constant, and thus helps to sustain the ecosystem. This is ensured by a couple of distribution factors built into smart and legal contracts for the foundation, which focus on forwarding new innovators and encouraging those who have already staked a claim to some Intellectual Property.\n\n### **The Team**\n&nbsp; Having already developed a product and got it onto the marketplace the company already employs over 20 people. Here is a short breakdown of the three lead players on the project.\n&nbsp; CEO, John Wise, is the heart and soul of this project and comes from the world of top level motor racing. He is the Patent Industry Subject Matter Expert (SME) and originally conceptualised the concept of InnVenn back in 2008. He has worked with many patent applications and has seen first hand how difficult the patent process is. Through the years it seems he has become well connected with those in the industry. Point to note here also: John is receiving 2.5million of the created LOCIcoin. This will be restricted to a sale cap of 500,000 a year and he will be obligated by fiduciary responsibility, through smart and legal contract, to stabilise the market on the currency side if the need arises. This will be if a majority of tokens are held up in asset transactions and there is a gridlock in the system. Good to see a committed CEO.\n&nbsp; Director of Technology, Eric Ross, is an accomplished software engineer and consultant who has work successfully with many high profile clients. He has been managing teams of technical people for a while, and his profiles state that “he cannot help but continue to code”.\n&nbsp; Director of Operations, Brian Hwang, has a wide range of experience in the world of business development and operations, from working with big companies like GE Capital and Ernest & Young. He has also owned an operated small businesses and been an advisor for startups.\n&nbsp; The company advisors are informed of government regulatory procedures and changes to said procedures that would affect this company and are connected to the entrepreneurial and startup sector; which will be a big end user of this product.\n\n### **Looking to The Future**\n\n&nbsp; Their roadmap details the stages of growth  for InnVenn. Having already produced a viable and working product there are not many big and exciting releases coming up like you would usually find inside an ICO. Instead there are functional improvements and upgrades lined up to the frontend and backend of the system. The blockchain will be implemented in Phase 3, allowing immutable proof that you came up with the idea first and have the first claim to the Intellectual Property. A step which really moves them on down the road to becoming the “gold standard platform that will empower inventors”. The one thing missing from this roadmap is a timeline of events and by when they expect each of these phases to be completed.\n<center> https://steemitimages.com/DQma6MM5dXaS4beKoKYxUQwn4A42qUyFamsizqLe3mqMENV/Roadmap.jpg </center>\n\n&nbsp; This is their technical vision for the future and, although they don’t have a roadmap or predictions for it, the whitepaper does talk of a vision for the future. Over time as the number of platform users grow the machine learning and predictive analytics ability of InnVenn will increase. “Loci will predict the interactions between every idea that exists or could exist” and it assists inventors in finding them. Loci will act as a matchmaker between inventors, companies and investors, allowing you as a person with a unique idea, to be able to come into contact with those willing to back your idea. \n\n\n### **Authors Conclusion**\n&nbsp; If you made it here through all that then congratulations! Phew… It was a long one ‘eh, but I believe it was needed in order to fully understand the concept they’re proposing. If you just skipped to here, well there’s no love lost.\n&nbsp; I really like this idea. Yes, probably like you, I didn’t know there was a problem in this industry before I started this, but I can clearly see the problem for the little man and how Loci have a clear idea and design to put them on  level playing field. One note I didn’t make in the article is that in 2015 no less than 12.9 million patent applications were filled worldwide. That’s a tremendous market! \n##### The Really Good:\n* Already have a working product\n* They show a clear understanding of, and experience in, the industry\n* They have a plan and a vision for the future of the product\n* Have even been noticed by the U.S. Patent Office\n* They quote sources for all information they present. For example, the number of patent application noted above has a source in the whitepaper\n* Encapsulates the ideals of blockchain technology by simplifying a process, increasing it’s transparency and more than all of that, bringing the small man up to be on a level playing field with big money and corporations.\n* They’ve done they’re due diligence for the token sale, stating parties that aren’t allowed and making sure to only allow, confirmed accredited US investors.\n##### The Not so Good:\n* There are no dates on the roadmap for updates to the product, just version numbers\n* Lack of predictions for future user growth of the product\n* To use the system and obtain LOCIcoins one needs a basic understanding of crypto, token wallets\n\n\n&nbsp; I would encourage you to read their detailed [whitepaper](https://locipro.com/wp-content/uploads/2017/09/loci-full-whitepaper.pdf) as not all fact presented in the whitepaper are included here. I also highly recommend visiting their website where you can test InnVenn, search for some patents yourself and see how the system works. After that try doing the same search on the web (I recommend [patents.google.com](patents.google.com)) and see the comparison for yourself.\n\n###### <center>_**This article does not constitute investment or financial advice, and should not be considered as such. Please undertake your own research and come to your own conclusions before investing in anything. As always, never invest more than you can afford to lose.**_</center>",
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