Tutorial: Apostillas con la Blockchain de NEM

Apostillar documentos con la blockchain de NEM
Tutorial: Apostillas con la Blockchain de NEM

Criptoentusiasta venezolano José Padrón, Community Manager en Adara.io, escribió tutorial paso a paso cómo apostillar documentos en Blockchain de NEM y en el meetup NEM en Ciudad de La Plata, Argentina; los criptoentusiastas Pedro Reypuma y Sasha Ivanova, hicieron demostración de apostilla Blockchain en vivo. Ofrecemos estos materiales a comunidad cripto para su libre uso.

Visión general

Históricamente, las apostillas siempre tienen que pasar por un tercero. Además de esto necesitas estar personalmente para poder hacer este trámite, tomando en cuenta también, que muchas de las veces cumplir con los requisitos necesarios para poder hacerlo se hace difícil y tedioso. Gracias a la llegada de Blockchain, la tortura se acabó. Con las apostillas en Blockchain se puede notariar un documento en pocos minutos, es práctico, sencillo, y lo mejor es que lo puedes hacer desde tu casa.

En este tutorial te enseñaremos a hacerlo paso a paso, usando el servicio de Apostilla en la Blockchain de NEM como ejemplo.

Nanowallet

Para realizar apostillas en la Blockchain de NEM, necesitamos tener instalado el cliente de NanoWallet, que se descarga en este enlace. También se requiere una cuenta de NEM la cual se puede crear en el mismo cliente. Una vez instalado y configurado todo, comenzamos:

PASO 1: Pantalla de INICIO NanoWallet - Le damos a INGRESAR

 

PASO 2: Seleccionas Cartera e ingresas contraseña

 

PASO 3: En la botonera de arriba a la IZQUIERDA, hacemos click en SERVICIOS.

 

PASO 4: En apartado apostilla hacemos click en primera opción: CREAR.

 

PASO 5: Ponemos contraseña de tu cuenta de NEM en el apartado contraseña, en etiquetas podemos colocar lo que queramos en este caso coloque “certificado NEM charla la plata”.

 

Paso 6: Cargamos el documento que queramos apostillar en este apartado

 

Al terminar de subirse el archivo, se verá el archivo abajo así:

 

Paso 7: Ahora solo damos click en ENVIAR

 

 

Nos descargará un archivo ZIP con 3 archivos donde veremos el certificado de Blockchain NEM y el archivo que hemos apostillado.

APOSTILLADO NEM QUE ARROJA LA BLOCKCHAIN:

Como podemos observar, se ven en los detalles del apostillado tales como nombre, fecha en la que se apostilló, la cartera de la persona que lo apostillo y la etiqueta que colocamos.

En el apartado de abajo se puede ver el HASH de la transacción, y el HASH del apostillado del archivo.

Y como arte de magia ya tu archivo esta apostillado en la Blockchain de NEM, es bastante práctico y sencillo, una de las grandes ventajas de esta tecnología.

En el siguiente video también se explica a detalle cómo realizarla ¡No dejes de verlo!

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Wikicoin Alex Morris

What is Crypto Pump and Dump: Simply Explained For Beginners

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The article runs about all the peculiarities of pump and dump schemes in the crypto industry
What is Crypto Pump and Dump: Simply Explained For Beginners

What is pump and dump?  

Crypto pump and dump represents a situation when a group of individuals tries to hugely profit off an asset by pumping it. ‘Pumping’ basically means buying a large amount of crypto (or stocks) in order to artificially increase the price of a specific coin. In such a way, pumpers take advantage of the basic law of supply and demand: if the demand goes up for something, the price would normally increase as well.

Scammers often pump and dump crypto, because, unlike traditional financial assets, it is tightly traded. Moving prices on a single exchange could have a substantial impact on the whole market. Pumpers normally target rather unpopular altcoins that do not need a lot of investments for price manipulations. For example, you would need to pump Bitcoin ad infinitum in order to provoke another bull run, but even $1,000 would be enough to effectively speculate on some new cryptocurrencies.

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How pump and dump works?

There are crypto pump and dump groups of people who buy extremely cheap altcoins and then they want to sell it off at a significantly higher price. Their task is to convince people that the coin is constantly increasing its value. They deploy different means of outreach including spam Twitter accounts, Telegram groups with thousands of active users in order to promote a new coin. Until recently, they would also put additional resources in buying Facebook and Google ads, but the recent crackdown on cryptocurrencies and ICO advertisement now prevents it.

Many inexperienced traders would invest in such a ‘promising’ asset out of fear of missing the boat on another big crypto. People are not generally interested in a plethora of obscure coins, but any cryptocurrency will attract their attention if it starts experiencing a major bullish uptick.

How pump and dump works

Then the pumpers dump the coin to their victims. That dwindles the hype and, subsequently, leads to a major drop in price.    

The food chain

Large pump and dump crypto groups usually have a very complicated structure. They consist of the following layers:  

  • organizers,

  • inner circle,

  • outer rim,

  • rank-and-file pumpers.

Obviously, organizers and some individuals from the inner circle run the whole thing: they decide what kind of coin they would like to choose and how they are going to promote this asset. On top of that, they are also responsible for timing. Being one of the organizers is very pricey and time-consuming, but at the same one get a huge profit in everything goes as planned.   

Members from the inner circle find out what cryptocurrency they are going to pump in a few seconds after the decision. All other members of the community (including the outer rim and last-minute pumpers) find out all the information only in about 30 seconds. After such a period of time, most of the move already takes place, so it is almost impossible for run-of-the-mill pumpers to hugely profit off dumping.   
 

Rank

Timing

Organizers

0

Inner circle

3-5 seconds

Outer rim and ordinarily pumpers  

30-60 seconds  


The process of pumping and dumping

How to pump and dump crypto? First of all, the inner circle decides what kind of currency they would like to choose for promoting. They get the biggest profit due to the fact that they purchase the coin prior to other members of the system. However, there is also a high-risk factor, since may they may experience some bug on the exchanges or some technical issues on their side which may slow down the process (even a few seconds are crucial in P&D schemes). It may also be possible that two or more groups will be operating at the same time creating havoc with the system.

The process of pumping and dumping

Once the pumping starts, the participants should be fully prepared with funds already deposited to their accounts. On top of that, they have to make sure that their computer has enough processing power in order to swiftly conduct a large amount of transactions (the same applies to the speed of their internet connection). Sometimes they deploy a whole bot army, which is capable of purchasing altcoins in a matter of seconds. Once the insiders have cashed out, they inform other lower-level members of pump and dump groups about crypto of their choice.

When it comes to the pumping stage, organizers try to involve as many ordinary folks who from the outer circle who will buy the currency at a higher price. Since the effect is really short-lasting, these investors are going to invest significant losses. The price of the pumped coin will drop like a rock in a couple of days.

The process of pumping and dumping

How to avoid pump and dump?

Here’s a list of things that you want to do if you want to avoid pump-and-dumps:

  1. Do an in-depth research of any coin that you want to invest in (the developers behind the project, mining peculiarities, price volatility).    

  2. Try to ignore cryptocurrencies that see massive gains out of thin air. While there may be other factors leading to a sudden surge in value, this is usually a primal indicator of the fact that the beguiling asset is being pumped by scammers.    
    NB! The majority of pumpers are not sophisticated enough to make it seem like the price is increasing gradually by investing small sums of money from time to time, so it is rather easy to spot them.

  3. Read the recent news about this coin and determine whether they are legit. Pumpers usually lure new victims in a crypto pump and dump (Telegram) with the help of fake news that are spreading around social media.


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Is pump and dump legal?  

Is pump and dump crypto illegal? Such practices of giving a push to companies, which are on the cusp of a major ‘breakthrough,’ is nothing new in the world of finance. The cryptocurrency industry is still going through ‘growing pains’ with little to no regulatory efforts. Even such openly fraudulent activities like pump-and-dump still remain legal on cryptocurrency exchanges. In February 2018, however, CFTC came up with an official warning for inexperienced traders and offered as many as $100,000 for any insider who would expose major pump-and-dump schemes. CTFC also states that up to 80 percent of ICOs may be involved in fraudulent activities, so traders should be exceptionally cautious before making some serious investments.

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🤷 Opinions Katya Michaels

Federico Pistono: Bitcoin’s Power Structure is Very Robust, Altcoins Are Test Bed

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The prominent researcher, investor and speaker brings a practical approach to his vision of the future
 Federico Pistono: Bitcoin’s Power Structure is Very Robust, Altcoins Are Test Bed

After Google’s public demonstration of its AI assistant some two weeks ago, waves of shock, denial and censure rippled through the media. Audiences seemed unprepared for the progress made by artificial intelligence while they weren’t looking.

Federico Pistono, however, foresaw this moment, and the many similar moments we will undoubtedly witness in the near future, as far as six years ago, in his bestselling book "Robots Will Steal Your Job, But That's OK: How to Survive the Economic Collapse and be Happy."

In addition to researching the societal implications of artificial intelligence on the evolution of society, Mr. Pistono is an entrepreneur, investor, startup founder, public speaker and most recently, Head of Blockchain at Hyperloop Transportation Technologies- a company that is working on the first supersonic land transport. He took a few minutes out of his busy schedule to speak with CryptoComes about Bitcoin’s prospects, surveillance states and why he might take some time before writing another book.

Complex systems

Katya Michaels: Among all your diverse interests and achievements, what is the thread that ties it all together? What would you say is the unifying theme of your research?

Federico Pistono: Probably it’s trying to understand complex systems. They are very easy to disturb and usually when you do, you disturb them for the worse.

No one understands complex systems really, and very few people have any idea of how to tweak the variables just slightly to improve the whole.

In a sense, for me, it's about trying to understand the laws of the universe on different scales.

The traveling banking problem

KM: Obviously, your exploration of these subjects began before cryptocurrencies and  Blockchain technology proliferated, probably even before the release of Satoshi’s paper. When did you first discover Blockchain and how did it fit into your research vision?

FP: Cryptographic hash functions have been known for 20 years. When I studied math in university, I learned about the traveling salesman problem, which is essentially impossible to solve. When I read Satoshi’s white paper, I found that there was some circumvention mechanism.

I didn't even understand the implications of it on the economic scale, at the time. There wasn't a lightbulb moment, it was more of a process of piecing things together and trying to envision some of the implications.

Societies reach an equilibrium point of technological development.

For example, when we could only do banking through paper, you couldn't scale as much because it's an organizational problem. Computers allowed for the creation of worldwide banks and online payments, but then it stagnated and hit the limit.

After PayPal, there wasn’t really any innovation in the banking sector, that was as big as it could get with just the Internet. And PayPal didn’t really change anything in terms of the structure of power. It allowed more fungibility and more access to small credit for people without bank accounts, perhaps, but that was about it.

Now with Blockchain, you change everything– literally. Let's say you live in a country that you think is stable, and then one day you have to leave because the economy's collapsing or some dictator is coming after you.

If your money is in the national bank or in a bank that's controlled by the national government, your money is gone. You can’t move it, you can't take it with you, in fact, it can be taken away from you, like what they did in Greece.

With Bitcoin or another crypto, you can literally remember ten words in your head, and you take your money anywhere.

False dichotomy of Blockchain vs. crypto

KM: Between Blockchain technology and cryptocurrency, which are you most excited about? Or do you not separate them?

FP: I think it’s a false dichotomy. It’s like saying “are you more excited about TCP/IP or the worldwide web?” You need one for the other.

KM: I suppose the argument is– cryptocurrency can't exist without Blockchain, but Blockchain has other applications.

FP:Blockchain is a database. The database by itself doesn't have any value or any utility. It's just a way of storing data unless you build something that acts like a cryptocurrency or token.

Whatever you call the thing that you are connecting the dots in, crypto or token, it represents something which runs on something that looks like a Blockchain. We're going really into semantics now.

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Altcoins are a test bed for Bitcoin

KM: Bitcoin was the original cryptocurrency built on a Blockchain. What are your favorite post-Bitcoin or post-Blockchain platforms?

FP: There are a lot of cryptos that have very interesting properties, but to be honest, I think Bitcoin is doing a great job. The Lightning Network is expanding rapidly. Rootstock are smart contracts on Bitcoin.

I see most other crypto as a test bed for Bitcoin. You try something, if it works out, then you take what's good of it and integrate it in your code base. That's what Bitcoin is doing.

I mean, Segregated Witness was first explored in other cryptos, like Litecoin, and then it was integrated into Bitcoin. The same thing with Lightning Network. Smart contracts came off colored coins, onto Ethereum, and now they're doing Rootstock. Zero-knowledge proofs used by Zcash and Monero - there is support for that on Bitcoin.

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The value of Bitcoin is that it's so widespread. The hash power is unimaginable compared to the other cryptos. That's not to say that other coins don’t need to exist, but I think that Bitcoin will transform and eventually become the de facto standard for a global currency.

KM: You are an investor in Bitcoin yourself?

FP: Yes. It's got a lot of momentum and the way the power structure is organized makes it very robust. With Ethereum, 20 people could essentially decide its fate.

Most cryptos are centralized, even though they like to say they aren’t. Bitcoin is maybe the only truly decentralized currency right now. They can never agree on anything. It takes two years to get to any decision. Well, that's what democracy is– slow, inefficient, messy, but eventually it gets it right.

If you have a benevolent dictator, you’re quick, you're agile, but you may get things really wrong. Litecoin is a great example. I think Charlie is a great guy. He's very smart, he's the prototype of the benevolent dictator and he got most of everything right.

But if one day he flips or someone else takes over, it may go very wrong very quickly because it’s more centralized. Bitcoin has so many competing interests that you have to find a solution that fits most people. That’s the process of large coalitions.

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Quis custodiet ipsos custodes

KM: Blockchain can be a tool both for complete transparency and complete privacy, depending on how it’s used. How does society make sure that Blockchain is used for good rather than for questionable purposes?

FP:It’s the oldest question in the book– who watches the watchers? Quis custodiet ipsos custodes.

What if you have corrupt institutions, not in the sense of bribes, but corrupt in the moral sense? The UK is becoming a surveillance state, for example. They order ISPs to block certain sites and keywords, certain ports and protocols. People use VPNs to do anything of significance in the UK. There are hundreds of thousands of CCTV cameras everywhere. Same goes for China. The US is moving in that direction.

When you have these kinds of institutions running society, then it's pretty obvious that they will use Blockchain for further expansion. But I would imagine it will be different in a country like Norway or Estonia, which is already using the Blockchain for voting and in medical records.

From vision to adoption

KM: Since your book came out six years ago, have you amended your thoughts in any way? Has humanity disappointed you or impressed you favorably?

FP: What changed is my understanding of how things are working. I think it’s a little more nuanced now. Here’s something that I think most people don't understand. You see something not working and you think– “but it’s so easy, if they just did this!” And yes, maybe.

But how you get people to make the changes is the real issue. It’s not enough to recognize that things aren't working and they could be working better if everyone suddenly acted in another way. That's what a lot of activists do and that was also my problem. “But the solution is so obvious! Everyone can see this. We should just tell people about the solution, and then it would become crystal clear!” No, it's not.

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First of all, the solution that you're envisioning may not necessarily bring the results that you want.

Because systems are so complex, tweaking in the smallest way and continuously checking how that impacts the system that you are perturbing may be the only way to actually change it effectively.

KM: Even when people are presented with clear facts and explanations, they are not rational actors or judges.

FP: Not only that. Most people are not rational. Most people are not even educated enough to understand what you're saying. And sometimes, the more educated you are, the better you are at confirming your own biases.

It’s about root causes. You think you found the root of all the problems, but then you come up against irreducible complexity. Also, if attacking the root cause takes limitless amounts of money and energy, essentially what you're saying is you're never going to do anything. And the only way to perturb the system upward may be to act on the leaves and have it trickle back to the roots – like an upside down tree.

KM: Since you have amended your vision somewhat, is there another book in the works?

FP: Well, one of the things that I amended was my readiness to pontificate.

KM: You're still giving lectures though.

FP: Sure, but I'm reducing the scope of the grandiosity of my goals somewhat. I feel like I'm more down to earth now. I still havе the visions and I’m trying to bring it all home.

It's the difference between someone who has a grand vision but has not developed it and someone who is now building organizations and realizing how difficult that is.

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Hyperloop

KM: Does being head of Hyperloop’s Blockchain department fit into your practical approach to changing the world?

FP: I think the project is one of the few that are actually likely to change the landscape of our cities in the near future. It's a bit like the introduction of trains or planes for the first time– that really changed the way we live. Beside space travel, I don't think there is anything else of that significance in terms of changing the landscape of cities.

Electric cars are going to change a lot how we live in cities, and Hyperloop is going to change how we move between cities and what distance we consider to be our immediate circle.

Some studies show: the amount of time that people are willing to spend commuting without getting annoyed is 25 minutes. This is true now, it was true in the 1950s, it was true during the Romans.

So the constant is time and the variable is distance. Now, in twenty-five minutes you could go 200 kilometers or more with the Hyperloop. We can connect cities like we connect neighborhoods now.

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🕵️‍ ICO Watch Eric Eissler

Past ICO Review: Nebulas Not as Cloudy as Appears

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Search engine for Blockchains? It will be needed soon to find the right Dapps
Past ICO Review: Nebulas Not as Cloudy as Appears

The token sale for Nebulas ended on Dec. 16, 2017, and it raised some $60 mln. It currently has a market cap of $345.5 mln and the token price is increasing in value since the ICO. The token debuted before the official ICO and it was trading at $4.58 when it entered the market in August 2017. At the time of writing, it was sitting at $9.71 per token, a 112-percent gain!

Nebulous Blockchain searches- no more!

One of the main problems that Nebulas tries to solve is searching for relevant decentralized applications (Dapps). As Dapps become more and more prevalent, being able to find the right Dapp to meet your needs will be harder and harder. That is why the value ranking will be vital in sorting Dapps. It will be akin to page rankings on a search engine, but for Blockchains and Dapps instead.

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No forks at this table

The elimination of hard forks or fundamental programming codes changes that affects how the Blockchain functions. In the past year, there have been countless hard forks that have created new cryptocurrencies, and thusly, “parent-child” rivalries, such as the most notorious case, Bitcoin and it’s hard fork of Bitcoin Cash.

The latter, supporters like Roger Ver say, is the original Bitcoin! Without the hard forks, it makes it easier to manage a Blockchain and its nodes, the originator of the programming code, does not have to worry about miners and coders going rogue and splitting up the Blockchain. The idea behind the no forking is that the system should upgrade over longer periods of natural changes to the protocols and policies.

3 Pillars of Nebulas

The following are descriptions, taken from the website, of the three core technologies that will allow Nebulas to develop continuously and naturally.

  • Value Ranking: Nebulas Rank (NR) provides a measure of value for every unit in the Blockchain. It is the core ranking algorithm and was open sourced. The algorithm is based on liquidity, propagation of users' assets, and the interactivity between users. NR is used to rank addresses, smart contracts, Dapps and other entities on the Blockchain.

  • Self-evolving: Nebulas Force (NF) enables Nebulas to respond to new demands without forks. It provides the Nebulas Blockchain and its distributed applications built on top, the capability to self-evolve. In this way, developers are able to make changes, incorporate new technologies, and fix bugs without needing to hard fork.

  • Native Incentive: Nebulas Incentive (NI) rewards devoted Nebulas developers and virtuous users. Incentives are the driving force of Blockchain evolution. The Nebulas Incentive includes Developer Incentive Protocol (DIP) and Proof of Devotion (PoD).
     

Card

Development team

The China-based team behind Nebulas has some developers who are responsible for creating Antshares or what is now known as NEO.

Hitters Xu- Founder and CEO of Nebulas, Founder of AntShares, now known as NEO, a Blockchain pioneer in China, the former Director of Ant Financial's Blockchain Platform, Alibaba’s financial branch and part of Google's Search & Anti-Fraud team.

Robin Zhong- Nebulas co-founder, former architect of Ant Financial's Blockchain Platform, former Senior Development Director of Dolphin Browser, Leader of Game Division.

Aero Wang- Nebulas and NEO co-founder, initiator of OpenIP and IP Community, a serial entrepreneur in Blockchain industry.

With a strong development team, mission, vision, $60 mln raised, and most importantly an actual purpose, Nebulas has some strong potential.

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What is Noiseless Marketing and How Blockchain Helps Products With Real Value

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Marketing is evolving to a point where it is becoming noiseless, it is getting back to its roots, and the value of the product wills out
What is Noiseless Marketing and How Blockchain Helps Products With Real Value

Marketing is a major factor in every single business and every single market, and plays a huge role in the success or failure of products and services. As such, it is a dynamic and ever-evolving space that is filled with competition and cut-throat ambition.

Marketing has also been driven by technology and with that, the likes of Above the Line marketing have come to the fore and become very much a part of the mass media. With that space growing exponentially, it has been a massive fight for those marketers to push theirs above the line agenda.

Above the Line at its peak

But, big Above the Line marketing, in a competitive environment, has meant that the marketing is more important than the product.

Marketing has entered a space where the product is secondary, and the fine margins between a good and great product can be determined more about how they are marketed.

But as times have begun changing, and even technology shifting, there is a change in the wind for marketers as well. Marketing differentiators have shifted to Below the Line to try and prove their products worth, but now, there is a layer even lower than that needs to be figured out.

People have started to grow tired with flashy Above the Line marketing and are more intent on knowing what their fellow users think. Communities are forming and their power is being felt, more so, communities are also becoming transparent thanks to technology like Blockchain.

Companies can't press the communities with the perceived value anymore. The information spreads from one community member to another, and hence the need for noiseless marketing.

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Below the Line

The popularization of mass media and things like television, radio, and other such platforms for Above the Line marketing saw a boom in advertising for products and services, applying to a mass market.

People were convinced that certain products were a must have and that they were superior to other competitors, simply because they had a bigger advertising budget and could push a perceived value down people’s throats.

As marketing helped consumerism boom, so it exponentially made the product market and the advertising market that much more competitive. The barrier to entry for people creating a range of products was far less, and the market became flooded for choice in different products.

The only way to really differentiate oneself from the competitor was through advertising. The value being advertised or spurted through marketing was not necessary as high as it stated, but it was perceived that way.

Above the Line was soon being challenged as the market was no longer faceless and voiceless. Suddenly, through the Internet and social media, the customers could speak out and interact with the product creators. They had a voice, and it became just as important to advertise Below the Line again.

Below the Line advertising allowed the products to demonstrate themselves, put other marketing spins on, and try and add extra value rather than forcing a perceived value. The customers would no longer lap up everything that was said, and they could see the value and would let others know where that value began and ended.

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The new horizon

Still, as marketing continued to move with the times, social media and the Internet was used as a tool, and the perceived value of things was also manipulated through marketing. Ratings, star reviews and other forms of comments are easily forged, and so, the market differentiator may have shifted, but the products were still being defined by new forms of internet marketing.

Marketing's reputation has become sleazy and the perception is that every advert or marketing strategy is trying to get the most out with the least in. People are no longer falling for it.

This has led to what is seen as a new standard in marketing that can be considered “noiseless marketing.”

Noiseless marketing is essentially letting the product do the talking, and not wasting people’s time with unnecessary fluff on trying to push a product.

Silent marketing rather listens than shouts, and takes in what is needed by being intuitive, and creating exactly what is wanted.

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Community transparency

As new technology comes forward, such as Blockchain, marketers again have to adjust, just like they did to television and the Internet. The thing is, with Blockchain, the steps in marketing are already being made with this phenomenon of noiseless marketing.

Blockchain supports the idea of community transparency and the relationships and connections of real trust. Companies willing to market their product will have to offer something of real value, invest less in marketing as it will be of much lesser use than it is today.

Trust is the ultimate catalyst for any community. There are projects like U°Community that build a transparent community platform with dynamic reputation. Users could create content, interact with people, direct their own communities, run businesses, and even build dApps without having to leave the ecosystem.

Communities that are formed in Blockchain will be the judge, jury and executioner of a product, and they will not be spoken to through marketing to be swayed one way or another. The trustless and transparent nature of the Blockchain and the communities present on it will also make it difficult for marketing to get around this core.

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A Blockchain way of life

The creation of Bitcoin and Blockchain came out of a changing in global sentiment to move away from corporations and centralized control. It is Blockchain and its decentralized nature that is so important and tempting for the new generation.

In this way, noiseless marketing is also a reaction to a desire to be less reliant on centralized authorities- this time in advertising. Blockchain is the means on which a global desire can be played out, and down the line it will be the end of centralized control over the population.

To this end, noiseless marketing needs to become the future. Although it will be tough and a lot of players will become extinct, the ones with value will win. And the community will only win too.

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Ethereum Price Prediction for December: An Upward Retracement Is Underway

November 2018 was a tough month for Ethereum as the sharp decline in the Bitcoin price was a general one for the major cryptocurrencies
Ethereum Price Prediction for December: An Upward Retracement Is Underway

November 2018 was a tough month for Ethereum as the sharp decline in the Bitcoin price was a general one for the major cryptocurrencies, and ETH fell from the price of $208.88 on Nov. 5 to $104.40 on Nov. 27. Ever since in December 2018, there is a retracement already underway.

We will focus on a price prediction for Ethereum, especially for December, and also make an ETH price prediction for today​​ based on technical analysis. Can this 50% decline from November 2018 reverse and pause, or will there be a continuation of the downtrend?

As always, any Ethereum price predictions have the element of uncertainty and risk, and they are not investment recommendations, but rather the result of financial analysis.

Ethereum price forecast

Here are some Ethereum predictions and Ethereum forecasts by experts:

Bobby Ullery, CTO of Waysay:

“I think Bitcoin and Ethereum will share a $4.5 trillion market cap by 2020. How much could one Ether be worth? This is a little harder to calculate due to the somewhat unknown supply of Ether in the future, how Proof-of-Stake might change new Ether issuance, and the impact that the Ice Age will have on time between new ETH issuance. The original 2014 issuance model, stated a projection of ~162M ETH in circulation in 2020, however /u/manly_ pointed out that Vitalik has said it would be closer to 100M, so for our rough math we’ll use 100M ETH.$1,137,500,000,000 divided by 100,000,000 = $11,375 per coin, ~+4,000% from today.”  

Nigel Green, CEO of deVere Group:

The price of Ethereum is predicted to increase significantly this year, and could hit $2,500 by the end of 2018 with a further increase by 2019 and 2020.This general upswing will be fueled by 3 main drivers. First, more and more platforms are using Ethereum as a means of trading. Second, the increased use of smart contracts by Ethereum. And third, the decentralization of cloud computing.”

Alexis Ohanian, Co-Founder of Reddit:

“I’m most bullish about Ethereum simply because people are actually building on it. It’s still early days, but you know, we’ve got a few CryptoKitties.
It’s easy to laugh at, but I think the first version of so many things looks like a toy and often has something to do with cats. It’s because the Internet loves cats. At the end of the year, Ethereum will be at $1,500. Great, now people can call me out if I’m wrong.”

Ethereum is now the third largest cryptocurrency by market capitalization
Ethereum Image

All these experts appear to be bullish and optimistic about ETH’s price prediction for 2018 and beyond, up to the year 2020. Next we will analyze our Ethereum forecast for the rest of 2018.

Ethereum price prediction December

In November 2018, the price of Ethereum most likely fell due to the selloff from ICOs. The majority of analysts in the cryptocurrency sector have attributed the decline in the price of ETH to the selloff of ERC20 blockchain projects that have raised millions of dollars in ETH in their token sales.

As the price of ETH started to fall and the cryptocurrency market entered a major bear market, analysts said that ERC20 projects started to sell their ETH holdings, causing ETH to experience a more intense downtrend than other major cryptocurrencies. Thus, it is very evident that the decision of ERC20 projects on Ethereum to sell large amounts of ETH in panic largely contributed to the downtrend of ETH. What are our own ETH predictions? Our technical analysis will be based on the price action for the past month.

Ethereum infographic on blockchain
Ethereum and decentralized networks

Ethereum price prediction end year

Before our technical analysis section about Ethereum prediction 2018, a few business arguments in favor of the price increase in the future are as follows:

The reasons behind the rise of Ethereum are plenty. Ethereum is used as a platform these days by a wide variety of ICOs as well as other cryptocurrencies.

Moreover, there are quite a few companies which are solely working on the Ethereum blockchain rather than the Bitcoin-based blockchain.

The underlying technology seems to be strong as well. This is the reason why the Ethereum predictions for 2018 as well as thereafter are positive. So, let’s explore this question further.

Ethereum price prediction 2019

Long-term price Ethereum forecast chart
Ethereum forecast for 2018 and 2019

As seen from the chart above, it is not easy to make any Ethereum projection about its future price. Any ETH forecast entails a very large degree of error. An Ether price prediction can be based, however, on more conservative price levels that are supported by business news and developments such as the arguments mentioned above. In our technical analysis section below, our Ethereum price projection will be a very conservative one.

Ethereum forecast today

Ethereum forecast 2018
Ethereum weekly chart

This weekly chart shows that anybody who would have been bullish about the Ethereum in 2018 would have been proven wrong, as the price collapsed from $1390 in January 2018 to $107.23 in November 2018, a decline of 92.30%. What is the forecast for next year?

Ethereum price prediction
Ethereum daily chart

As with Bitcoin price prediction today, any price prediction is very difficult, as news that may have a large impact on cryptocurrency prices is very hard to predict. Still, here is our Ethereum forecast for December 2018.

Ethereum technical analysis for December 2018

The daily chart of Ethereum (ETHUSD) does not seem very bullish, as there is a very strong downtrend in place, supported by the high values of the ADX/DMI indicator. The value of the ADX line is above 43, signaling a very strong trend. Usually, values above the 25 level indicate a strong trend. These are some of the key points in our technical analysis on Ethereum.

·    Stochastic indicator (14,3,3) is at oversold levels below the 20 level, but still shows no signs of trend reversal. In fact, a few days ago it made a bullish crossover as price bounced from $104 to $126, but it was a short-term bounce as price is now trading at $108.

·    MACD indicator is still at negative values, and although its histogram diminishes, pointing to a possible trend pause, it has not made any bullish crossover yet.

·    Daily Bollinger bands are at $191.72 and $82.30 for the upper and lower band respectively, having expanded significantly. This high volatility may be followed by less volatility and a mean reversion to the 20-period daily moving average at $138.

·    The price is below the daily 20-period and 50-period exponential moving averages respectively at $136.55 and $170.87. Both moving averages are pointing down indicative of a strong downtrend.

·    There are no obvious levels of support other than the recent low price at $102.10.

·    Former levels of support will act as resistance, and one important level is near $172.50, where 50-period daily EMA is now at $165.70 and at $188.40.

·    Fibonacci analysis is taken as a high price of $225.56 and a low price of $102.09 from November 7, 2018 to November 25, 2018, showing that the 0.5 and 0.618 retracement levels are $163.07 and $177.46 respectively.

·    Given the strong downtrend we estimate that a bounce is possible up to the price level of $125.00-$150.00.

·    If the support of $102.00 is breached, then there are no previous support levels and the price can move significantly lower.

·    Another factor to consider is that December is typically a month with reduced liquidity as it is a holiday season, and potential spikes in price could occur.

·    Due to the correlation that exists with Bitcoin price collapse, and in general the decline of major cryptocurrencies in November, any Bitcoin bounce to higher levels could also drive higher the price of Ethereum in December 2018. The current price of Ethereum as of December 3, 2018 is $108.18.

Conclusion

The crypto market has been suffering a severe decline in the last quarter of 2018. But the last month of the year looks bright for Ethereum, as the HTC Blockchain Phone Exodus 1 is getting ready to ship in December, which is only accepting Bitcoin and Ethereum cryptocurrencies.

Ethereum enables developers to build smart contracts, and this is a positive factor as it has plenty of business potential. Will Ethereum rise or fall in December 2018? It’s a hard answer to give and prediction to make. The recent downtrend is strong. Still, it is too early to make a call for the bottom price of Ethereum as the year ends. But a moderate uptrend during the remainder of 2018 is probable.

We estimate that, due to the liquidity diminishing as we get closer to the Christmas holiday season, a moderate move up to the price level of $125-$150 is possible. The cryptocurrency has fallen significantly, and while we favor trading with the trend, a dominant downtrend with the possibility of a moderate move up is our basic scenario for the rest of December 2018.

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