🕵️‍ ICO Watch Eric Eissler

No Way Neuromation: Past-ICO Review

👁 ICO Watch
AI and business, could be a match made in heaven, but the plan on how to get there is not substantial
No Way Neuromation: Past-ICO Review

Neuromation an ERC20-based token seeks to deliver AI models to various industries using neural networks. The principal goal of the Neuromation is to become a hub for AI services and international business, by taking a novel approach to combining supply and demand for each area on a large scalable platform.

Financials

The main token sale for Neuromation (NTK) began Nov. 28, 2017 and ended Jan. 1, 2018. It raised $71.6 mln during that time. Token prices during the sale were set at $1.19 per token. When NTK came to public markets, it debuted on Feb. 20 at $0.66 per token, opening at a loss of -44 percent from its token sale price. It has been on a continued decline down to $0.08 at the time of writing. CoinMarketCap ranks it at 456 with a total market cap of $6.98 mln and daily trade volumes around $1 mln.

card

Running out of crypto miners?

There are more and more projects based on mining in the crypto industry. Neuromation is also a mined token, so this could be a potential issue for not only them but the entire cryptosphere of minded tokens. This is not about mining of cryptocurrency, but about attracting miners with their equipment to the platform to use their capacities for the project. Therefore, there is the risk of mining competition, which can greatly affect the viability and development of the project. Moreover, the documentation has no information about global marketing strategy, which is why it is not clear how the developers will attract miners to their platform. This and the declining token price are the big risks that face the token as of now.  

Team

Constantine Goltsev– Founder & Chairman

Professional entrepreneur from the online advertising industry. Goltsev has more than 20 years of experience developing software and products. Former CEO and founder of the innovative advertising network AdoTube.

Yashar Behzadi– CEO

Yashar is an experienced entrepreneur who has built transformative businesses in the AI, medical technology and IoT space. His work at Proteus Digital Health was recognized by Wired as one of the top 10 technological breakthroughs of 2008 and as a Technology Pioneer by the World Economic Forum. He has been recognized in Wired, Entrepreneur, WSJ, CNET, among others. He holds 30 patents and patents-pending and a PhD in Bio-engineering from UCSD.

Fedor Savchenko– CTO

More than twenty years of managing complex software development projects with an emphasis on computer graphics, 3D engines, production of CGI and virtual reality. Has advanced degrees in mathematics and graphic design.

card

Where to next and when?

While there is no roadmap on the website, the news and blog section offers little information on what the company is doing. There are no public repositories on GitHub to check out the platform development, so that does raise some red flags. The recent Reddit AMA offers little insight to a timeline or how the actual technology works or when it is launching. Plummeting prices, no GitHub, and no roadmap leaves open a lot of questions. While so say it is a great investment and look how much was raised during the ICO, the writing is on the wall, with a small market cap and no road map, it appears that Neuromation is just treading water until the next major announcement garners positive attention.

card

🕵️‍ ICO Watch
views
👓 Recommended articles
Alexander Goborov

Bureaucracy as an Indicator of Unsustainable Vertical Complexity

Presence of stifling bureaucracy implicates a failure of the centralized system to evolve
Bureaucracy as an Indicator of Unsustainable Vertical Complexity

In his 1922 essay Bureaucracy, the German sociologist Max Weber, considered by some to be the father of organization theory, argued that centralized bureaucracy was an outright requirement for the healthy functioning of society. This was, in many ways, a pivotal moment in our developmental history as a social species.

Weber’s theory was embraced by at the time still industrializing nations in the West; consequently, bureaucratic entities and agencies sprung upon the world over to facilitate this transition. Bureaucracy made a brisk landing and was here to stay.

The Evolution of Modern Bureaucracy

Notwithstanding its initial endorsement by the masses, Weber’s theory of bureaucracy showed its major drawbacks in the post-industrialized world of the 1960s and 70s. What was necessary for everyday business half a century earlier started to become a gargantuan obstacle, as both individuals and businesses realized that excessive bureaucracy had made things very rigid, clunky, and slow to move. Furthermore, bureaucracy inadvertently started to dictate the very direction that both private citizens and companies had to take by forcing its mandates and regulations upon them, thereby eventually stripping virtually everyone and everything of their right to any remotely innovative or even independent enterprise.

For the past 30 years, first post-industrialized and then digital societies have been struggling to adjust to the ever changing world through this outdated but to this day influential bureaucratic model, always being caught between the what-to-do (idea) and the how-to-do (regulation). One thing became crystal clear as we started to approach the 21st century: decomplexification was needed with a general move away from centralized bureaucracy. It comes as no surprise that the old idiom cutting through red tape, which refers to circumventing bureaucratic procedures and dodging the paper fists, saw a concurrent surge of popularity in the early 2000s.

The Term Today Simply Means Arbitrary Pain

It is fascinating to note that arguably the three most widely read online dictionaries all give definitions for the word bureaucracy filled with negative connotations right off the bat:

  • A body of nonelective government officials. (Merriam Webster)

  • Administration of a government […] staffed with nonelected officials. (The Free Dictionary)

  • A system for controlling a country […] operated by a large number of officials employed to follow rules carefully. (Cambridge)

💼 Related Article
Blockchain As a Lingua Franca: A Thing to Consider
🔥 Hot
1 month 3 weeks
256
Blockchain As a Lingua Franca: A Thing to Consider

As per the above, it becomes evident that nowadays bureaucracy implies something extremely centralized and inflexible, behemoth-like, filled with arbitrarily employed individuals (that most other people may not want to deal with in the first instance) who administer stringent rules for the purposes of keeping all other citizens under control. Naturally, the question that begs to be asked: How on earth did we manage to get here?

This is most peculiar. After all, do we need this sort of immobile monster today? And even more alarmingly, is that even what Weber had in mind when he offered his take on bureaucracy, or is it simply the case of an overworked phenomenon running amuck, a plough pulling an ox, as it were, things having bizarrely turned on its head?

Fundamental Reasons for Systemic Crumbling

The domain of economics reminds us of the famous rule of diminishing returns. A common example of this would be adding more workers to an assembly line but still not having factory’s output increase. Since workers will, sooner or later, start getting in each other’s way, the opposite effect will, in fact, ensue, ultimately decreasing the factory’s productivity. Likewise, adding more kilograms of paperwork and regulatory rigidity to the social routine is bound to eventually lead to poor results, and this has undoubtedly happened already.

It is inevitable that when institutions go through periods of steep vertical growth that we are observing right now, complexities associated with the functional makeup of these institutions also grow exponentially. Finally, these complexities grow to the point of:

a) being unmanageable through bureaucracy (as is the case in many countries in the West);

and/or

b) manifesting themselves through overt restrictions and bans (which is particularly pronounced in countries with official state regimes and/or religions, e.g. China, Turkey, UAE, etc).

💼 Related Article
Africa’s Blockchain Potential Limitless But Its Implementation the True Struggle
🔥 Hot
1 month 3 weeks
256
Africa’s Blockchain Potential Limitless But Its Implementation the True Struggle

Complexity theory, developed in the 1960s, postulates that every social and economic structure is a dynamic network which is constantly evolving and adapting itself to the forever changing external factors, often unbeknownst to its individual players on the inside who can remain oblivious to any alterations. What this also means is that every system’s output is not the sum total of the individual static entities in the system, but rather a sum total of their interactions, which are often impossible to foresee. In effect, what follows is that each system, at least to a certain extent, governs itself, whether we like to admit it or not, which goes hand in hand with Adam Smith’s famous invisible hand in economics first mentioned all the way back in 1759.

Friedrich von Hayek took it a step further years later and claimed that when governments got (overly) involved, it prevented the system from automatically adjusting itself, causing more harm than good.

Undeniably, this is not a prediction but a description of today’s world: the current system, including its many social safety nets (unemployment benefits, welfare, healthcare, etc) is already crumbling, because bureaucracy at its core can no longer cope with the weight of complexity on its shoulders. The big change is waiting to happen, and, for better or worse, the evolutionary wheels are already in motion as we speak.

Alternative at the Door

Bumbledom has no place left in the progressive world. A different system, a decentralized one, bureaucracy-free, or at least bureaucracy-minimal, should be considered before we get too far gone. As of right now, there is a system that may live up to this mammoth of a task and add to the creation of a global system of “governance” that does not depend on any one government. This system, as far as the business world goes, is already here, and it’s called the Blockchain. Notably, it does not rely on a God-like political or economic entity to manage its daily running; instead, it relies on transparent self-governance and confirmability of transactional facts by members of its community at large.

It is important to understand that when the Blockchain was being introduced, it wasn’t just a financial solution but an instrument of social and political change. Certainly, the private business sector swiftly followed to profit, but at the backbone of this model today still lies the embedded need for a deeper change, the need for overall socio-economic liberty.

When considering a decentralized alternative, it is equally crucial to understand that no one is talking about disorder or violent anarchy: decentralization does not necessarily mean that at all.

The process of decentralization in Iceland, albeit still incomplete, is a prime example of it. People are perfectly capable of maintaining their society without a direct involvement from government simply by the virtue of mutual trust, wherein the word trustless takes on the new Blockchain-related meaning of “no longer requiring trust” since everything is barrier-free, translucent, and corroboratable by everyone involved.

💼 Related Article
Anarchy and Cryptocurrency: The Relationship That Never Was
🔥 Hot
1 month 3 weeks
256
Anarchy and Cryptocurrency: The Relationship That Never Was

Battle of the Wills

With this type of technology available, why do many of us still cling to the obviously outdated format of centralized social organization and centralized platforms? It seems odd. Is it because it’s safer? But it resoundingly isn’t: just look at the multiple scandals to do with privacy violation claims surrounding Google and Facebook. Is it because it’s more familiar? Well yes, it is, naturally. But true progress does come at the cost of leaving your comfort zone. Besides, the truth be told, the Blockchain has by now already become the comfort zone of many. So, this sort of excuse won’t suffice.

According to the futurist Max Borders, who worries about an upcoming imminent struggle between “central hierarchies and prosocial networks”, there’s going to be a trust race between the trustless leviathans of the FAGMA type (Facebook, Apple, Google, Microsoft, and Amazon), who demand loyalty and trust but no longer invariably receive it, and the decentralized, trustless platforms pushed forth by the Vitaliks of the world, which by their very nature do not require trust. Many, including Max, root for Vitaliks and hope that the former group comprised of the giants will lose to the latter group comprised of the up-and-coming cyber minds of the modern age.

💼 Related Article
Trust Arms Race in the Age of Cryptography: Max Borders Interview
🔥 Hot
2 months 1 week
256
Trust Arms Race in the Age of Cryptography: Max Borders Interview

Global Perspective: The Future is Now

When looked at globally, the basis behind the Blockchain technology forms a welcoming environment for the development of a completely new type of digital economy. The role of intermediaries in this regime comes down not so much to reselling goods and services, but rather to ensuring that there is a successful communication between the seller and the buyer, says Blockchain entrepreneur and investor Alexander Petrov. In other words, more than anything else, middlemen in this scenario are working towards reinforcing a direct exchange between the two interested parties that transact business.

It is apparent that modern interfaces will soon enough altogether replace those individuals who sell; in contrast, those who analyse markets will be in yet higher demand. Professionals like accountants may want to think about changing their line of duty: in the very near future, their labor is bound to be replaced by services run from the web making their occupation obsolete.

Petrov adds:

Naturally, economies of the future based on direct exchanges of assets and information between people will require a heightened level of financial competence. Every person will have in their possession digital tokens, and they will have to learn to continuously guard and grow their wealth.

This is the reason financial consultants and traders will absolutely prosper in this new world. And it goes without saying that IT programmers and developers, the very architects of digital reality, will do extremely well under these new market conditions. Evidently, they are doing well already.

💼 Related Article
From Thinking Like a Regulator to Pulling Off a Crypto Heist: StartEngine Summit Opens LA Blockchain Week
🔥 Hot
1 month 3 weeks
256
From Thinking Like a Regulator to Pulling Off a Crypto Heist: StartEngine Summit Opens LA Blockchain Week

Aiming Big, Starting Small

Newly developing trustless networks, in the new sense of the word, like the algorithm-based “UCommunity”, which models its social paradigm on the Blockchain’s building blocks principle, is one of the few platforms already leading this innovative change today. A freshly emerging web-based social structure is currently in the making: with its doors wide open, it extends its eager digital hand to future members, those willing to think outside the box.

Learn More

views
👓 Recommended articles
Darryn Pollock

Blockchain Education Becoming More Accessible and Attainable

Blockchain courses, and education in the new technology is getting more accessible as the London School of Economics makes it an online course
Blockchain Education Becoming More Accessible and Attainable

Recent news from the London School of Economics (LSE) is suggesting that an education in Blockchain technology is becoming more attainable as people hurry to pick up on the burgeoning and revolutionary technology.

Online Blockchain courses from the LSE, as well as a host other independent courses, are now readily available for any aspiring Blockchain developers with the demand for people educated in this new sector at a premium.

Importance of educating in Blockchain

As Blockchain technology makes it deeper and deeper into mainstream society, there is more interested in owning cryptocurrencies, but also added interest in building and understanding Blockchains for a number of different sectors.

Blockchains have been growing in sectors that are as large as banking, government, and major corporations- such as Amazon and Microsoft. To this end, the companies involving themselves in blockchain technology need educated employees who understand the space.

However, because the first Blockchain only came out 10 years ago, and in small circles with limited interest, there are hardly any seasoned veterans who are available for hire. This means that education is one way of upskilling Blockchain students in order for them to add value to their companies, but also to the space.

The Blockchain space is still plagued with teething problems, such as hacks, scams, and badly built projects on Blockchain, and thus, it is important for the space to get professionals who know what they are doing to advance the Blockchain ecosystem.

Spreading globally

It is unsurprising to see that Blockchain courses are coming up in all different forms, not just from the LSE in their online offering. There is news of IBM even offering free Blockchain courses to Indian students, as well as five Spanish speaking universities holding Blockchain courses for their students.

Of course, it is also business for those offering the courses at universities and business schools are in their own race to offer such courses. There is a real hunger to work in the Blockchain space with reports stating that Blockchain developers in the US earn almost $130,000 yearly.

Taking advantage

However, although there is a demand for learned Blockchain developers there has also been instances where companies are looking to take advantage of the situation. A job fair in Korea proved this as Ivy-League educated Blockchain developers were turned away from wealthy companies for demanding too much money.

In the end though, Blockchain technology is set to play a bigger role in the future of this planet, and thus, it is good for students to be at the forefront of the future. Learned Blockchain professionals will not only help boost businesses, they will build better Blockchains.

views
👓 Recommended articles
📈 Pricewise Vadique Magenta

Bitcoin price trading volume shifts to $10,800

Pricewise
The estimate of the market situation by BTC/USD pair.
Bitcoin price trading volume shifts to $10,800

The estimate of the market situation by BTC/USD pair.

The maximum trading volume has shifted from the $8,500 level (1.)  to the $10,800 level. (2.)  This level will be the "foothold" for the breaking of the descending trend (3.) By the dimension of the figures, the price can stay in this range until the end of February, but everything can happen much earlier (until Feb. 23) if the local rising trend (5) will show its strength and the young ‘dragon’ will absorb the old one.

Picture 1

 

📈 Pricewise
views
👓 Recommended articles
Thomas Hughes

Ripple Toolkit Is Live and Set to Improve the XRP Ledger

Ripple Toolkit is live in beta phase and aims to improve the versatility and accessibility of the XRP Ledger
Ripple Toolkit Is Live and Set to Improve the XRP Ledger

The XRP Toolkit is live in beta phase and aims to improve the versatility and accessibility of the XRP Ledger (Ripple). The tool has been in development over the past few months with the goal of offering a simple user interface that could help inexperienced users learn more about the ledger.

The toolkit can be used to send and receive XRP but has other features among which is a client-side web interface that can be used to prepare, sign and transmit transactions with the use of a hardware or web crypto wallet. Users also have access to a 10,000 XRP test account for free experimentation and demoing of the platform. Official release is set for early 2019.

The impact on XRP price will probably be gradual, depending on how the XRP Toolkit performs, and what new features they may add. We don’t expect to see strong movement based on the beta launch alone, but it is something bullish in the long run.  

Charts at a Glance

Charts at a Glance

XRP/USD sits comfortably with a 13.03% gain for the last 7 days, but the last 24 hours have been bearish, with a loss of -4.42%. After the bounce at 0.43 the pair has not retraced at all and this took the Relative Strength Index into overbought territory (above its 70 level), which is an early sign that we may see the XRP price drop.

Retracements lower are perfectly normal after a strong climb and if 0.52 – 0.50 zone remains intact, our bias is bullish, aiming for a move closer to 0.60 – 0.62. A strong indication that 0.62 will be reached would be a break of the previous top at 0.57, which is currently short-term resistance. A Daily candle close below 0.50 would invalidate this bullish scenario for the time being.

Support zone: 0.52 – 0.50 followed by the bullish trend line seen on chart

Resistance zone: 0.57 in close vicinity, followed by 0.62

Most likely scenario: bounce higher from 0.50 – 0.52, followed by a touch of 0.57

Alternative scenario: retracements lower and a touch of the trend line

views
👓 Recommended articles
George Shnurenko

What is Coinna.com: Crypto Market News Review

This is a news aggregator that gathers and displays the latest news from other authoritative portals
What is Coinna.com: Crypto Market News Review

Coinna.com is a cryptocoin-related news aggregator that provides readers with a newsfeed of fresh reviews, posts, and press-releases from popular websites. This project would be interesting for those who need reliable and up-to-date information about major cryptocurrencies, crypto-related projects, and startups, as well as tutorials.

What is Coinna.com?

This is a news aggregator which means this website gathers and displays the latest news from other authoritative portals. The list of Coinna.com sources includes:

  • CoinCodex

  • CryptocurrencyGuide

  • CryptoComes.com

  • News BTC

  • Finance Magnates

  • Bitsonline

  • Coin Geek

  • and other websites

💼 Related Article
CryptoKitties Co-Founder Benny Giang: Spend a Week Understanding Why Crypto Matters to You
🔥 Hot
6 months 1 week
256
CryptoKitties Co-Founder Benny Giang: Spend a Week Understanding Why Crypto Matters to You

Aside from offering news, Coinna.com provides the whole gamut of tutorials dedicated to cryptocurrencies and trading of virtual assets, as well as information about currencies.

Coinna.com main page with news
Coinna.com main page with news

💼 Related Article
Put Your Hookup on Blockchain: Adryenn Ashley Brings Responsible Sexy Back
🔥 Hot
6 months
256
Put Your Hookup on Blockchain: Adryenn Ashley Brings Responsible Sexy Back

Functionality and sections

The first thing you notice is the minimalistic black-and-white design of the website: Coinna.com is very simple in navigation, which makes it highly convenient for every reader. Even if the news categories on the left panel aren’t enough to get the necessary information, you can use the search panel on the top of the homepage. Generally, the set of functions is enough to get essential information about cryptocurrencies. The following main sections are available:

1. News. By default, the news is displayed by the time of publishing, but the user can also view the most popular posts. Besides, on the right panel, the most popular news categories are located. You can sort out news about Bitcoin, mining, the Blockchain, EOS, Electroneum, and other hot themes.

2. In ‘Info/Tutorials’ section, users can find a lot of gripping articles connected to cryptocurrencies and trading. For example, you can figure out how to buy tokens on Binance, get essential information about the most popular cryptocurrencies, and so on. This knowledge base is constantly extended. The tutorials can also be filtered with the help of specific categories on the left panel. The user is directed to third-party content providers, such as CoinCodex.

Tutorials are taken from CoinCodex
Tutorials are taken from CoinCodex

3. A separate section is dedicated to Coinbase, the secure online platform for transfer, storage, selling and buying cryptocurrencies. Since this platform has a significant influence on development and value of modern virtual currencies, Coinna.com pays it utmost attention.

4. The section under Startups category displays news and press-releases connected with the ICOs, new initiatives and companies on the verge of launching, as well as new players on the cryptocurrency market.

What makes it stand out from the crowd?

A particular category that should be mentioned in ‘Scam’– only a few news aggregators put the focus on this very specific type of content. In Coinna.com, readers can find the articles connected with frauds and crimes in the sphere of cryptocurrency, interviews, and opinions of authoritative specialists concerning the reliability of projects and currencies, and attacks that take place in the digital finance world. Forewarned is forearmed.

How to filter news?

Despite bare-bones design, Coinna.com offers several ways of content sorting:

  • By the time of publishing– news are simply arranged in the chronological order.

  • Top-news– you can read the most popular posts.

  • By categories– they’re present on the left navigational panel.

  • By tags– these are enlisted under the article title.

  • Using the search panel– just type in the words for your request.

Additionally, on the right top corner, you can select the source of news and select/unselect the websites from which the posts are displayed.

💼 Related Article
CryptoKitties Co-Founder Benny Giang: Spend a Week Understanding Why Crypto Matters to You
🔥 Hot
6 months 1 week
256
CryptoKitties Co-Founder Benny Giang: Spend a Week Understanding Why Crypto Matters to You

Bottom Line

From the point of website construction, Coinna.com is a simple and intuitive news aggregator with a no-brainer navigation. Although it provides fresh news from a wide range of sources, the project leaves a few things to be desired: users would benefit from ampler information about cryptocurrencies, as well as the numbers (cryptocurrency price, exchange rates, forecasts). There’s a lot of space for development!

views
👓 Recommended articles