🎓 Trading Guide George Shnurenko

Litecoin is Dead? Price Prediction LTC 2018\20\25

Trading Guide
How much will Litecoin cryptocurrency cost in the nearest and distant future? Let’s check what experts say
Litecoin is Dead? Price Prediction LTC 2018\20\25

Being called the silver version of Bitcoin’s gold, Litecoin was introduced in 2011 as a quick fix that was supposed to solve some problems typical of Bitcoin. This is a faster crypto: the transactions are processed four times quicker than Bitcoin Blockchain does. But despite being a better alternative to Bitcoin, Litecoin still cannot replace it and be as costly as its parent coin. Moreover, the crypto community has witnessed its ups and downs, and the price fluctuation still continues. Is there any point to investing in this altcoin, and what is the price prediction for Litecoin in the following years?

What is Litecoin?

If you already know the concept of Bitcoin, understanding the nature of Litecoin will be easier. Today, this is the fifth largest cryptocurrency with the market cap of $12 bln. Just like Bitcoin, it uses the same Blockchain and serves to make payments. The name “Lite” coin is based on its high speed– transactions with this currency are four times faster. For example, while you have to wait for confirmation of Bitcoin transaction for 10 minutes, with Litecoin, you’ll wait only 2.5 minutes.

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Are there any other differences?

Bitcoin Litecoin

Overall supply is 21 mln coins

Overall supply is 85 mln coins

High transaction fees

Lower transaction fees

Today, it’s hard to mine– a professional mining rig or farm is required

You can mine it with your personal computer

All in all, the point of Litecoin boils down to faster transaction processing and facilitated mining process. They are based on the same Blockchain and have pretty much the same functionality.

A backward look: LTC price in 2017

It should be mentioned that Litecoin has experienced groundbreaking growth during the last year. While at the beginning of 2017 it cost $4.5, by the end of the year, its value has risen by 8,000 percent! Just like many cryptocurrencies, it has soared in December. Litecoin became one of the top 10 currencies by the percentage of growth, which exceeded even the most optimistic Litecoin price prediction 2017.

What also changed is the introduction of the SegWit (Segregated Witness) method– a division of trade signatures that makes block size limits less harsh. Besides, in May 2017, the first Lightning Network trade was performed, a transaction from Zürich into San Francisco took less than one second.

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Litecoin price prediction 2018

The rate of Litecoin adoption is constantly increasing. Partially due to the fact that people start understanding what cryptocurrency is, and at the same time because of the growing popularity of the platform. Besides, let’s not forget about Bitcoin, that’s where the roots of altcoins success grow, seeing its trustworthiness, people start investing in other cryptocurrencies, too. Besides, such technologies as SegWit (Segregated Witness) and a Lightning network allow for Litecoin technical superiority over Bitcoin, which also promotes the development of the first. 

However, despite all above-mentioned facts, Litecoin price prediction March 2018 wasn’t justified: instead of growing, the crypto started losing in price considerably. In June 2018, it hit the mark below $100. 

The Litecoin price prediction today says that in 2018, Litecoin price is going to reach about $1,000. Just like in 2017, the coin may suddenly grow up from the current $80. Why so? Seeing that Litecoin is a faster and safer version of Bitcoin (it’s lighter, safer, and faster), investors can change their priorities and switch to LTC.  What should be boosted is the level of circulation: Litecoin owners don’t rush to sell the coin keeping it to the day when it reaches some certain threshold.

When it comes to more realistic forecasts, the growth isn’t that considerable, but it’s more than possible. For example, WalletInvestor gives a one-year forecast of $204. That means that Litecoin price prediction 2019 is around $250-400. 

Litecoin price prediction 2020

According to the most pessimistic forecasts, in a couple of years, LTC can double its current value: it may reach the cost of $160. Other predictions are as follows:

  • Facebook - $961
  • Google - $365
  • Smartphone - $183
  • Internet users - $350
  • PayPal - $240

Let’s not forget that today (July 2018) the amount of circulating coins is about 57 mln, and all coins will be mined within a couple of years. Therefore, the price may start growing considerably not earlier than 2020.

Litecoin price prediction 2025

When it comes to such long-term forecasts, there’s no expert who can give any warranties. Within seven years, a lot of things can change and shake the cryptocurrency market to its core. However, the forecasts are optimistic. Th Litecoin price can grow up to $800-$3,800. Facebook’s forecast says it can even reach $68,8114!

What does Litecoin future price prediction depend on?

Making precise forecasts is impossible– there’s a plenty of factors that can influence Litecoin price. One of such factors is governmental regulations: when China and South Korea have banned cryptocurrencies, the entire market has suffered. Although Litecoin is also decentralized, it doesn’t mean it cannot be regulated. For instance, the US government can prohibit shops to accept payments in Litecoin– that can affect the currency value. Besides, the government can close cryptocurrency exchanges or ban manufacturing and selling of mining hardware.

Other things that should be taken into consideration are:

  • The overall supply of Litecoin (the price can start growing after the end of the mining process);
  • The level of adoption.
  • ICOs using Litecoin currency.
  • The appearance of alternative coins with other technical characteristics.

Is Litecoin worth investing? All in all, this is a better version of Bitcoin, and sooner or later most people will realize that. If you are ready to wait for a couple of years to get more or less decent revenue, it’s time to invest in Litecoin right now.

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Bitcoin, Ethereum, Ripple, EOS, NEO in Correction: Price Analysis, June 12

Pricewise
Bitcoin and altcoins are correcting on Tuesday, investors still have fears
Bitcoin, Ethereum, Ripple, EOS, NEO in Correction: Price Analysis, June 12

The currency pairs from the top 20 are correcting on Tuesday after a serious decline during the weekend. We have mentioned in our last review from June 11 that the requirements from CFTC to offer transactions data to the US regulatory body was one of the reasons for this significant downside momentum.

However, buyers have found ground on Monday as cryptocurrencies have stopped to decline and started to consolidate. Investors and traders still have fears as the price is unable to make a deeper correction in the moment of writing.

As for the interesting news, Israeli regulators want to ensure protection to cryptocurrency investors and aspire to establish necessary regulatory measures. They want to prevent frauds as well.

Bitcoin (BTC/USD) Price Analysis, June 12

BTC/USD Hourly

The currency pair added more than one percent in the past 24 hours. Bitcoin has stopped to decline after a huge downside momentum. However, BTC/USD is unable to make any significant correction by the moment of writing meaning buyers still hesitate to make serious steps.

BTC/USD Hourly Closer

Let’s have a closer look at the currency pair. BTC price has retested the closest support area at $6,718 on Monday but was unable to run lower. Bitcoin has reached the closest resistance area later on Monday, but bulls had no opportunities to make even a fake breakout. The possible ways for the currency pair are the following:

  1. Red scenario (bearish). Bitcoin will break through the closest support area at $6,718 and run lower targeting the next support area at $6,510.
  2. Orange scenario (neutral). BTC/USD will stay within the current range, limited by the support area at $6,718 and the resistance area at $6,943.
  3. Green scenario (bullish). The currency pair will break through the closest resistance area at $6,943 and run higher targeting the next resistance area at $7,181.

Ethereum (ETH/USD) Price Analysis, June 12

ETH/USD Hourly

The currency pair has lost less than one percent in the past 24 hours but if we look at the hourly chart we can see that ETH/USD is in correction currently. The currency pair had significant losses during the weekend but stopped its decline on Monday. However, buyers are still hesitating to make serious steps.

ETH/USD Hourly Closer

Let’s see what’s going on the hourly chart. The currency pair has tested 3.618 retracement level on Monday but failed to break it through and reversed. ETH/USD ran towards the closest resistance area at $540.69 later. However, buyers were unable to touch this level. The possible ways for Ethereum are the following:

  1. Red scenario (bearish). The currency pair will break through the 3.618 retracement level and move lower, targeting new local lows, established during the weekend.
  2. Orange scenario (neutral). ETH/USD will stay within the current price range, limited by the support area at 3.618 retracement level and the resistance area at $540.69 without significant price changes.
  3. Green scenario (bullish). Ethereum will break through the resistance area at $540.69 and run higher targeting the next resistance area at $566.90.

Ripple (XRP/USD) Price Analysis, June 12 

XRP/USD Hourly

The currency pair added more than one percent in the past 24 hours. Ripple had significant losses during the weekend, but stopped its downside tendency on Monday and started a correction. However, buyers are still hesitating as the price remains close to Monday’s levels.

XRP/USD Hourly Closer

Let’s have a closer look at what is going on the hourly chart. The currency pair has tested $0.5643 twice on Monday but was unable to break it through. XRP/USD has tested the closest resistance area at $0.5914 later. XRP price stays close to this area in the moment of writing. The possible ways for XRP/USD are the following:

  1. Red scenario (bearish). Ripple will break through the closest support area at $0.5643 and run lower targeting the next support area at $0.5444 (local lows).
  2. Orange scenario (neutral). The currency pair will stay within the current range, limited by the resistance area at $0.5914 and the support area at $0.5643 without significant changes.
  3. Green scenario (bullish). XRP/USD will break through the resistance area at $0.5914 and run towards the next target at $0.6216.

EOS (EOS/USD) Price Analysis, June 12

EOS/USD Hourly

The currency pair has lost less than one percent in the past 24 hours. EOS stopped its downside tendency on Monday as the price failed to establish new lows. However, buyers seem to hesitate currently as EOS/USD is close to Monday’s highs.

EOS/USD Hourly Closer

Let’s have a closer look at the situation on the hourly chart. The currency pair has tested the support area at $10.54 on Monday but failed to break it through. EOS/USD has reached the resistance area at $11.41 later on Monday but buyers were unable to jump over this level. The possible ways for EOS are the following:

  1. Red scenario (bearish). The currency pair will break through the closest support area at $10.54 and run lower targeting the next support area at $9.91.
  2. Orange scenario (neutral). EOS/USD will stay within the current range limited by the support area at $10.54 and the resistance area at $11.41 without significant price changes.
  3. Green scenario (bullish). EOS will break through the resistance area at $11.41 and run higher targeting the next resistance area at $11.92.

NEO (NEO/USD) Price Analysis, June 12

NEO/USD Hourly

The currency pair has lost less than one percent in the past 24 hours. NEO stopped its downside tendency on Monday as the price failed to establish new lows However, buyers seem unable to change the situation.

NEO/USD Hourly Closer

Let’s have a closer look at the situation on the hourly chart. The currency pair has tested $42.80 support area on Monday but failed to cross it. NEO price went upwards later but NEO/USD was unable to reach the next resistance area at $48.08. The possible ways for NEO/USD are the following:

  1. Red scenario (bearish). NEO/USD will break through the current support area at $44.55 and run lower targeting the next support at $42.80.
  2. Orange scenario (neutral). NEO will stay within the current range limited by the support area at $44.55 and the resistance area at $48.08.
  3. Green scenario (bullish). The currency pair will jump over the resistance area at $48.08 and move higher targeting the next resistance at $50.24.

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What is Bitcoin (BTC) - Simple Explanation for Beginners

🎓 Coins Guide
As mentioned above, the majority of internet users think that Bitcoin is just another digital currency.
What is Bitcoin (BTC) - Simple Explanation for Beginners

Introduction to Bitcoin

Bitcoin is the major cryptocurrency on the market that poses as an alternative to other forms of digital money. By placing emphasis on decentralization, it allows users to perform transactions cutting out an intermediacy. The majority of people simply treat Bitcoin as just another form of digital money, but the historic rise of this cryptocurrency can lead to revolutionary changes in the world of finance. For example, triple-entry bookkeeping (which practically eliminates the possibility of financial fraud by distributing all the entries across the Bitcoin network) could change the way accounting works and potentially make the accountancy profession obsolete. 

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The founder of Bitcoin

Bitcoin’s white paper was developed by an anonymous person whose pseudonym is Satoshi Nakamoto. The real Satoshi Nakamoto (a 70-year-old man who currently lives in Los Angeles) claims that he doesn’t have anything to do with the creation of Bitcoin despite having extensive experience in engineering. 

The new currency appeared in 2008, and it instantly emerged as the rival of centralized payment systems. Up to this day, the real identity of Satoshi Nakamoto remains unknown. He mysteriously disappeared from the Internet on April 23, 2011, stating that he was not interested in the project anymore. He also said that the future of Bitcoin was in “good hands”.       

Of course, there were numerous speculations about the real identity of Bitcoin’s founder. In 2016, Australian businessman Craig Wright got huge media coverage after claiming that he was the person behind the creation of Bitcoin. The corroboration of Gavin Andresen, the initial Bitcoin’s developer, further fueled the public’s attention. However, many took these revelations with a grain of salt accusing Wright of faking his proof. Furthermore, he is now being sued for fraudulent activities that involve stealing $5 billion in crypto. At the same time, the linguistic research suggests that Nick Szabo might be behind the creation of Bitcoin given the fact that he has the same writing style as Satoshi.   

It is remarkable that the net worth of the elusive creator (whoever this person might be) is estimated to be around 20 billion dollars. That puts him in the top 50 of the richest people in the world). All in all, there are at least 40 Bitcoin billionaires, but no one can say the exact number because these people want to remain unknown to avoid being persistently targeted by hackers.  

Bitcoin innovation

Fundamental innovations of Bitcoin

As mentioned above, the majority of internet users think that Bitcoin is just another digital currency. This cryptocurrency can be used as ordinal fiat money for online transactions, but at the same time there are some major differences that single out Bitcoin among other means of payment. 

Decentralized System

You can carry out any transaction that involves Bitcoins irrespectively of time or geographical location. Users are the ones who administer over their own money. There is no need to cooperate with a bank or sign contracts in order to get a credit card. This lack of dependence could potentially lead to a competition between cryptocurrencies and traditional banking institutions.

Flexible Fees

There is no need to pay any fees when Bitcoins are deposited onto your account. If you want to send money or simply purchase something on the Internet, you have to pay transaction fees. Bitcoin is often criticized for its high transaction fees (especially, taking into consideration the fact that alternative cryptos have significantly smaller fees). On the other hand, you are able to accelerate the confirmation time if you pay more.

Moreover, there is no direct correlation between the amount of fee that you pay and the sum of money that you want to transfer (you may be only charged only a couple of Bitcoins for transferring astronomical sums of money). Bitcoin owners can find numerous merchant solutions that allow directly converting crypto into your local currency at a fairly low cost avoiding credit card fees. 

Risk Reduction

Bitcoin network is characterized by appreciation of security in cryptography and anonymity. Furthermore, crypto transactions cannot be reversed. Thus, merchants are not endangered by the risk of financial frauds while at the same time they are not expected to comply with PCI Security Standards.

Merchants are also able to reach out to other markets where conventional payment methods are not accessible. For users, the main benefit of using Bitcoin network is the protection of their privacy – there is no way someone can leak personal information about parties that were involved in a certain transaction. 

High Level of Transparency

Any transaction conducted within the Bitcoin blockchain can be verified by any member at any time. Unlike banks (where a single governing body can preside over the whole system), there is no place for centralized governance in the Bitcoin network. Such an approach helps to ensure transparency and predictability of transactions. 

bitcoin infographics

Major Drawbacks of Bitcoin 

The Problem of Recognition

Despite the booming growth in 2017 and the following insistent media coverage, a lot of people are still unaware of Bitcoin’s existence or simply not interested in the cryptocurrency world. The future of Bitcoin still greatly depends on governmental bodies and central banks. For instance, U.S. Securities and Exchange Commission is already planning to impose a number of regulations on Bitcoin (the same goes for other cryptocurrencies). More counties are expected to follow the lead. There are even countries like Macedonia and Vietnam where Bitcoin remains illegal. Furthermore, such a huge cryptocurrency market like China shut down all Bitcoin exchanges back in 2017 and eventually banned Bitcoin in 2018. Will more countries follow the lead?        

Another problem that Bitcoin is facing right now is that many businesses still refuse to accept it as an eligible payment method. Companies have to realize the major advantages of working with cryptocurrency that are rapidly revolutionizing the financial world. 

Bad Reputation

Bitcoin still remains attractive to criminals despite the facts that there are other cryptocurrencies that offer more privacy features. This cryptocurrency is still associated with the dark web economy (particularly, with Silk Road, the infamous platform for selling drugs which adopted Bitcoin as its major currency). While the US still remains Bitcoin-friendly, it’s only a matter of time till the governments across the globe start imposing strict regulations due to the criminal activities involving Bitcoins. Some experts predict that the government’s intervention will mark the death of digital currencies.  

The Instability of Bitcoin’s Value

After Bitcoin’s prices had plunged in January, many critics started to question its credibility and calling it yet another Ponzi scheme. And there is indeed a shred of truth in their words since Bitcoin is extremely volatile. Even non-significant business events could cause another free-fall. On the other hand, one should understand that Bitcoin is a young currency, so it is naturally unstable. If the network continues to grow, its volatility is expected to decrease. As of now, it is extremely hard to predict the future of Bitcoin. 

Constant Changes

The Bitcoin network is undergoing constant changes that are aimed at improving its security and increasing its usability. The majority of newly designed features haven’t been fully implemented yet. It is safe to say that Bitcoin is still a long way from becoming a fully developed system. 
 

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A Case for Reddit, Billy Milligan, Facebook, Gmail, and Cryptocurrency

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Evolution of communities puts self-governance on top
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Reddit

Back in 2005, Alexis Ohanian and Steve Huffman — two undergraduate students of the University of Virginia and dormmates — had an idea for a food ordering app that they pitched to a computer scientist and entrepreneur Paul Graham. Paul Graham liked the idea and told Alexis and Steve to pitch it to Y Combinator — a startup accelerator that Paul co-founded that same year and that’s one of the most successful today.

The pitch didn’t go well with the Y Combinator investors and was rejected, but they liked Alexis and Steve as a team and told them to come up with something else. The two undergrads quickly came up with the idea of Reddit that Paul Graham immediately called “the front page of the web.” Reddit was given funding, developed in a very short period of time, and went online in June 2005.

At first, the new social network was very barebones with very few users, and to create the effect of a crowded house so that it would show some activity on the website, Alexis and Steve started registering fake users and submitting news and links worth of attention through different names. This way of attracting new users can be crudely called the Billy Milligan effect. Alexis and Steve had to pretend they were a number of different people who used the website until they reached a critical mass when Reddit would be able to function on its own.

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Facebook

A year before Reddit, Mark Zuckerberg launched a universal student directory at Harvard called TheFacebook. The directory was a centralized place to keep all student photos and basic student information. TheFacebook, unlike Reddit, was launched to an existing userbase — Harvard students — and within the first month more than half of the undergraduates registered on Facebook. Facebook was initially restricted to Harvard.

Gmail

Gmail was launched in 2004, but due to the limited infrastructure to support the users, Google decided to make Gmail invitation-only and limited the invitations to 1,000 opinion leaders and their friends and family members.

Gmail invitations, due to the closed nature of the service, became highly demanded and a market was quickly formed around them. Regular invitations were selling on eBay for $150 with some accounts soaring to as high as several thousand dollars.

As Georges Harik, product management director for Gmail at the time, puts it: “The limited rollout had been born of necessity, but it had a side effect. Everyone wanted it even more. It was hailed as one of the best marketing decisions in tech history, but it was a little bit unintentional.”

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Blockchain

Reddit, Facebook, and Gmail happened well over a decade ago, and the Blockchain technology and interest have advanced and spread in the meantime. Getting early in a product, project, or a service poised for success is always an advantage, be it a cool name on Gmail, the account age on Reddit, or making use of Facebook monetization.

With Blockchain and cryptocurrency, as the latest years show, getting in early is a solid advantage, and due to the decentralized nature of the technology, this can be a life-changing experience. It is to many.

To quote Michael del Castillo of Forbes:

“By giving early adopters of a budding social network like Steemit access to a token that potentially appreciates in value and gives them access to the service, developers could create an incentive to join long before the actual network effects are competitive with established centralized social networks like Facebook and Twitter.”

Community support through getting coins of a new service shortens the period necessary to reach the critical mass to not only keep the network going but letting it truly flourish on its own. With Blockchain and crypto, no longer does a project need to play Billy Milligan or simulate an elitist characteristic of an invitation-only service.

The service has to be good though, and decentralization allows it to be self-governed and ready for the community embrace, for the Blockchain protocol and algorithm are transparent and independent — the complete opposite of being centralized. You can’t pull a Billy Milligan on it or switch it to a doors-shut exclusive place. The protocol and the decentralized nature of Blockchain make it completely community-owned.

But again, the service has to be good.

The U°Community platform is not yet another social network on Blockchain just because of Blockchain. It’s an integral part of Blockchain and an interface to it.

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NEM Puts Coincheck Behind, Looks Forward to Industry-Changing Catapult Tech: Jeff McDonald

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In his exclusive interview, Jeff McDonald explains how NEM is going to get ahead of Ethereum
NEM Puts Coincheck Behind, Looks Forward to Industry-Changing Catapult Tech: Jeff McDonald

 

CryptoComes talks to NEM’s Jeff McDonald about his leaving the foundation, the Coincheck aftermath, the NEM’s future plans and why Ethereum will flip Bitcoin as premier Blockchain.

Katya Michaels: The news is that you are leaving NEM foundation as Vice President - is this true? What motivated this decision and what are your plans now?

Jeff McDonald: I've been working with NEM for four years. I started in February of 2014 and it's been a very awesome ride. I've done a lot of different things- the Apostille protocol, the voting protocol, I helped champion supernodes. I feel like I've been very successful and at the same time, I'm spread very thin right now.

I have two companies that I am invested in, Luxtag and KChain, and I want to focus a little bit more on them now. Both are being built on NEM Blockchain and they have been doing really well lately. We've got multiple contracts with really important names in Malaysia. Kchain in South Korea just recently released their first token- not on an ICO. They have great name recognition and connections in South Korea.

Both of these projects really need me right now, I want to help them and I need a little bit of time for that. I'm leaving the Vice Presidency, but I'm not leaving NEM at all. I continue to be very active speaking for NEM - here at CryptoBlockCon LA, in San Francisco tomorrow, next week in Philippines, at Consensus 2018 in May.

Everything's good with the foundation. I'm really proud of NEM China and the team they built, I'm really proud of NEM Philippines, really proud of NEM Malaysia. All of these have really good teams behind them.

As the new leadership comes in, our hope is that they're going to scale out more countries. NEM US for instance, build up NEM Europe more, NEM Russia. I really want to see all these regional countries grow and be a big part of NEM.

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Coincheck hack aftermath

KM: I have to ask about Coincheck- what is the update on reimbursing victims and finding the perpetrators? Why has NEM foundation stopped tracking the stolen funds?

JM: The police are doing their investigation. We consider that a secular matter, to let the police do what they're doing. As far as tracking the accounts that had stolen funds, we've left a lot of evidence on chain for the police to do a chain analysis and catch the perpetrators.

As far as I know, Coincheck has allowed most everyone, if not everyone, to claim back their funds, which is a really good thing. They've held up their end of the bargain, I think and I'm very happy that they did that. I feel that it was a very sad incident.

We're just moving forward now- Coincheck is mostly in our past and we are looking forward to Catapult now, which is a huge deal.

Regulations: Japan vs. US

KM: Can you talk about regulators in Japan and describe your experience?

JM: Japan is actually a great example of regulation. They have been really bold in going out and making regulatory decisions. I think that overall that is great for the cryptocurrency industry. Other countries don't really know what to think about it, but because Japan is being so clear with its community, it opens the door for big business.

I mean if you look at cryptocurrency, why hasn't Apple made its coin? Why hasn't Google made a coin? Recently in Korea, Kakao, which has near a hundred percent market saturation, mentioned that they're getting into Blockchain. A lot of really big companies want to get into Blockchain, but for one thing, Blockchain technology is not quite good enough to handle the scalability at the levels that these big companies work.

Even if the Blockchain was good enough, though, the regulatory issues are not clear.

Japan has been awesome to say what is legal, what is not legal, and now the doors are open for big businesses in Japan to come in and really roll up Blockchain so that millions of people can be using it for something other than speculation.

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KM: How soon do you think the US will catch up to that kind of regulatory clarity?

JM: It'll still take a couple of years. The good news is that the conversation is happening and the US hasn't just said “It’s illegal!” The US has been very careful and very slow. Of course, I would want more clear and faster regulation, but I'm very satisfied with the happy medium in America right now.

I think that a lot of people won't like that I say this, but I think the SEC is doing a good job. They're going after scammers, and pumpers and dumpers. If you're an honest person and you're making a good project, following best practices, building something on the blockchain for real use - voting, or database security, or tickets- the SEC is totally fine with you.

Let's be realistic. There's only so much you can ask, for a government the size of America to move quickly with all these different agencies. They're all saying something a little bit different, but sooner or later they'll all get on board and become clear. I think that will happen in the next two or three years.

KM: Do you think ICOs will be greatly affected by regulatory activity in 2018 as compared to last year?

JM: ICOs are here to stay at least for another couple of years. ICOs in America might get cut back, but there will be a country somewhere - whether it's Japan or Belarus or Ukraine or Isle of Man- that will fully welcome Blockchain and ICOs and give clear and light regulation. Then, there will be another big boom of ICOs. The cat's out of the bag, the door is open, there is no stopping. There's too much money, it's too easy.

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Japanese investors

KM: What are your impressions of the Japanese investor community?

JM: The Japanese are great because they're actually really interested in the philosophy of the technology. It's really interesting, seeing the different countries and what people focus or don’t focus on.

One of the reasons why NEM is so big in Japan is because the Japanese have taken the time to actually read, study and understand the vision before they invested.

We have these die-hard Japanese fans that are just amazing. We have our own bar in Japan, with a special drink named after the Apostille protocol!

Dethroning Ethereum

KM: A lot of people believe that NEM can dethrone Ethereum as the premiere smart contracts platform. What do you think about that? What are the obstacles to that happening, if any?

JM: I think that our technology has been fundamentally designed as more stable and secure. Literally every day, there are projects leaving Ethereum and coming to NEM. We've lost one project from NEM to Ethereum, and that was for financial reasons. I think that the data on the ground is showing that people who are building applications prefer NEM over Ethereum. Now we need to build on that momentum and scale it out.

If the growth patterns of Bitcoin, Ethereum and NEM continue with the same trajectory, what will happen is Ethereum will flip Bitcoin as the premier Blockchain. That's going to happen later this year, maybe next year, but it’s really just a matter of time.

Ethereum is better than Bitcoin basically in every way you can imagine. It's faster, it has more utility, it’s just better. NEM turns out to be not in every way, but in a lot of important ways better than Ethereum. Sooner or later, people that are building will get this.

Ethereum's always had better marketing - they started off with marketing and then went to development. We started off with development, built a real product and then went to market. So we're still relatively unknown, but there's some technology coming out with Catapult that, for a lot of projects, will make NEM the only option.

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Catapult

KM: Is Catapult coming out soon?

JM: It will be open source next month. We've solved so many problems. For example, private key management, specifically losing your private key, which is a huge issue in Blockchain. We have a great contract coming up with Catapult. Whenever people are setting up an account, they can initiate this contract as an insurance mechanism to solve that.

Also, we have solved the gas problem. Let’s say CryptoComes makes a coin on Ethereum and you send it to all your readers. They say “thanks for the CryptoComes token,” and then they want to spend it, but they don't have any Ether for gas. Now, they have to sign up on an exchange, register and get an ID, send the money and then transfer Ether to the CryptoComes wallet. Only then, they can use CryptoComes to buy some advertising or send to their friends or whatever.

In NEM, we have this new transaction type which is going to allow CryptoComes to sponsor the gas fees. This is a really beautiful transaction because it allows regular users to get the CryptoComes token airdropped into a downloaded wallet, send it to their friends, start sharing it and creating an economy - even if they don’t know anything about Blockchain or Ether.

With Catapult, somebody can make their own app, their own wallet, and have their users or their business using that token without ever having to join an exchange. It’s seamless, frictionless, integrated into the system.

So there's a lot of great technology that's coming with Catapult that's just going to make NEM the only option.

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