SingUlarity Evgeny Konstantinov

On Connecting Users and Devs And On Tapeworms: Opinion

SingUlarity
Each and every in crypto space is selfish. But what about the customers?
On Connecting Users and Devs And On Tapeworms: Opinion
Contents

When I think of the current crypto space  — I call it crypto to include the various Blockchain technology (some of which is not Blockchain by definition), communities and everything that comes with it  —  I am invariably reminded of John Updike’s quote on the New York literary scene and Hemingway. “Hemingway describes literary New York as a bottle full of tapeworms trying to feed on each other,” John Updike wrote.

Everything that is united today under the umbrella term of Blockchain  —  from cryptocurrencies to DAGs and Hyperledger frameworks  —  is a vast territory of the life-shifting technology. This space, with all its turmoil, trials and tribulations, is fantastic because every part of it has a straightforward and thus elegant solution to the idea of how to have a trusted ledger in a trustless environment. And that it’s even possible. This very solution,  first proposed by Satoshi and implemented in Bitcoin ,  has sprouted in a great variety of approaches to real-life applications.

And that we all are still very far from having it all leveled off and fallen into place : The prospects of what we yet have to see excite me.

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In The Spotlight

However, when trying to chart this impressive space, I can’t help observing that we are currently in a very similar position to the one described by Hemingway — the New York literary scene of the past — and recounted by Updike.

Today there are developers, entrepreneurs of all sorts  —  which is not inherently bad as the presence of a high number of venturers of all shades and colors is always a reliable indicator of explosive growth  —  individual investors and speculators, real businesses and enterprises as prospective customers.

I am not going to linger over each of these figures in detail as they all are too familiar for anyone who’s been in crypto for at least a few months, but instead, I’m going to do a little charting.

Developers develop. That’s what they do and in the majority of cases they like doing  it —  getting to the core of the tech, optimizing and coming up with new approaches.

Entrepreneurs are here to make something of themselves:  be the first, make money, help bring ideas to life — many times, it’s the ideas they believe in.

Individual investors are curious both about the tech and making some wealth. They are often autodidacts.

Speculators are  here to make money.

Real businesses: These are here to stay with roadmaps, thorough planning and traditional budgeting approaches (as in not riding the high of the Ethereum price all the way to the ceiling and then dumping in panic when everybody else starts doing so). Real businesses. Businesses that had their prospective customers pretty much signed up before they started an ICO (if they ran one at all).

And finally, enterprises ,  the most lucrative ones on this chart. Big names that give heart palpitations to every crypto asset holder. The enterprises that are going to use the Blockchain solutions developed by indie devs or real businesses will come to the exchanges and buy coins in droves. That’s what every speculator, individual investor and entrepreneur is hoping for and this is what’s driving them.

So it’s enterprise adoption , which is slow though it is justifiable, versus everyone else. There’s no room in this space: Iit’s devs, speculators, entrepreneurs and enterprise adoption expectations are all trying to feed on each other.

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But What About The User?

For the first time in a very long period, the user,  assisted with Blockchain, can no longer be treated as the consumer sheep. The user can become a full member of any platform they choose to join; they can be a real customer of any dApp with real value  —  not a perceived market differentiator value   but the real one.

The user is not your ICO fuel. The user is the one who makes all that Blockchain tech adoption possible. The user needs an easy and frictionless onboarding  —  not the marketing slang type “onboarding”, which often means hooking up an unsuspecting consumer to hidden regular payments, but real onboarding to the world of Blockchain and dApps where the user has equal rights with everyone else; where the user is always a full member, an equal citizen, instead of a tied up sheep for marketeers.

The user is what’s important today. All the dApp devs would love to let the user try out their product. The majority (if not all) of the Blockchain protocols would love the user to become a part of them, use the protocols in their daily lives like they do with all the other centralized tech.

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Past-ICO Review: Olympus Labs

👁 ICO Watch
Crypto Indices are growing in popularity, but this company’s token price is shrinking
Past-ICO Review: Olympus Labs
Contents

Crypto indices are garnering more attention and gaining more traction on the investment side of crypto. If you, as an investor can’t decide where to put your money for a crypto investment, then an index might be the best place. After all, many investors in traditional financial markets strongly believe in the index funds and so do many planning for retirement. Olympus labs is building a product that will allow investors to buy into indices, and maybe build their own (the wording is a bit fuzzy). In an interview with Forbes Magazine, CEO of Olympus Labs said,  “We have found that it can be hard for a crypto investor to find and invest in indices that are diversified and do well. [Author’s note: just for the record, the preceding sentence is not entirely clear: does he mean crypto indices or traditional ones] For those of us who are unsure how to invest in crypto, indices are the best way to track the market by buying into some which are either researched by professional managers or picked by industry experts you may trust.”

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Financials

Olympus Labs raised some $60 mln in a token sale that ended on Jan. 13, 2018. The token sale price was $2.18 for one MOT. However, it appears that some of the information is off because when checking CoinMarketCap, the token entered the market at $0.99 on Jan. 1, 2018 and shot up to a high of $3.05 on Jan. 9 just days before the ICO. After the ICO the price fell to $1.40 on Jan. 12 has been on a steady decline since then; currently sitting at $0.18 at the time of writing. Not a very impressive performance by any means. Market cap hovers around $7.5 mln and daily volume is close to $500,000.

Team

Kai Chen- CEO & Founder

Graduating from Yale and having an interest in investment lead Chen to work in banking and investment firms early on in his career, before founding Olympus Labs and another company.

Bharat Vishnubhotla- Head of Business Development

Vishnubhotla has a BA in business administration from USC. He previously worked at Accenture before coming to Olympus Labs.

Abel Bordonado Lillo- Full-Stack Developer

Has more than five years experience in web dev and gaming. He has worked on many other projects before coming to Olympus Labs.

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Boom to bust

Olympus Labs did a great job raising funds in its ICO but dropped the ball afterward. Checking out the numbers of followers on Telegram, they did not even crack 10,000. According to Twitter, there are more followers there, 34.7K to be exact, but generally in the cryptosphere to be legit you must have a lot of followers on Telegram to be taken seriously. According to the latest Tweet: Aug. 13, they are working on integrating with Bancor and are still developing the platform. Bancor was one of the biggest failures of 2017 and anything it touches turns to dust. With this info in mind, it would be safe to say that Olympus Labs are not going too far past the starting line.

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5 Worst ICO Promotions

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The PR teams behind these coins failed the companies, and by failing, so did the coin and the MVPs, not by a little, but by a lot
5 Worst ICO Promotions
Contents

What is worse than being a failure is being a failure with poor marketing and advertising. The following are some of the biggest failures, due to poor marketing practices, for 2018.  

Centra Coin

Floyd Mayweather was a celebrity endorser of Centra Tech, along with DJ Khaled, but the endorsements did little to promote the coin when one of the co-founders, Raymond Trapani was arrested on April 20, 2018 and charged with securities and wire fraud for more than $25 mln associated with the company’s ICO. After that, there has not been much more news. Oh, and they claimed they entered a deal with Visa, which even Visa denies. How low can you go?

Narrative Network

While the assonance is on the “N” the Narrative Network has done very little in creating a story worth reading. It was named the next Steem but failed to deliver on any of the promises it made. To top it off 50 percent of the ICO, $7 mln of the $14 mln raised went to the team and to development, leaving the token severely undervalued. While the name has a ring to it, it is rather dull and does not suggest robust writing but non-descript nonsense.

Bee Token

If you got stung by the bee, you are not alone. What was thought of as the decentralized Airbnb of the cryptoworld, got rave reviews of course, but it was not until right up to the end that the problems emerged. There was a planned scam that diverted funds out of the company and into the hands of the founders? Most likely, but after a strong ICO, the bee sting was suicidal as the token price never got off the ground and ended being another worthless ICO in the ending up in the rubbish bin.

RentBerry

Berrys are small and sweet, but RentBerry is small and sour because from it’s initial value, it has only lost money for its token holders. Crashing down about 900 percent of what it was worth, essentially rotten on the vine. The premise of the rotten RentBerry was to use security deposits as a form of investment. This investment scheme is something more akin to what a slum landlord might try to do with your security deposit when you are not looking and then try to blame you things being broken, which were broken to begin with when you moved in. Not cool in anyone’s book and investing in the security deposits of hard-working tenants isn’t cool either.  

Iungo

While Iungo is very ambitious and surely garnered much attention, there is no roadmap on the site, and the news and company blog is filled more with marketing stories rather than any pertinent information about how the company is doing or what they are doing to achieve their goals. Based on the public financial information, it is safe to say that progress has stalled and the fact that the company does not directly address this issue is another sign that there is a problem. On top of that, the marketing behind the project, Iungo (Is that an “I” or an “L” in the name, oh an “I”? Easy for you to say) This naming convention has caused a lot of confusion and with confusion comes failure. If customers don’t know the name, they won’t buy into the game.

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SingUlarity Evgeny Konstantinov

On Connecting Users and Devs And On Tapeworms: Opinion

SingUlarity
Each and every in crypto space is selfish. But what about the customers?
On Connecting Users and Devs And On Tapeworms: Opinion
Contents

When I think of the current crypto space  — I call it crypto to include the various Blockchain technology (some of which is not Blockchain by definition), communities and everything that comes with it  —  I am invariably reminded of John Updike’s quote on the New York literary scene and Hemingway. “Hemingway describes literary New York as a bottle full of tapeworms trying to feed on each other,” John Updike wrote.

Everything that is united today under the umbrella term of Blockchain  —  from cryptocurrencies to DAGs and Hyperledger frameworks  —  is a vast territory of the life-shifting technology. This space, with all its turmoil, trials and tribulations, is fantastic because every part of it has a straightforward and thus elegant solution to the idea of how to have a trusted ledger in a trustless environment. And that it’s even possible. This very solution,  first proposed by Satoshi and implemented in Bitcoin ,  has sprouted in a great variety of approaches to real-life applications.

And that we all are still very far from having it all leveled off and fallen into place : The prospects of what we yet have to see excite me.

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In The Spotlight

However, when trying to chart this impressive space, I can’t help observing that we are currently in a very similar position to the one described by Hemingway — the New York literary scene of the past — and recounted by Updike.

Today there are developers, entrepreneurs of all sorts  —  which is not inherently bad as the presence of a high number of venturers of all shades and colors is always a reliable indicator of explosive growth  —  individual investors and speculators, real businesses and enterprises as prospective customers.

I am not going to linger over each of these figures in detail as they all are too familiar for anyone who’s been in crypto for at least a few months, but instead, I’m going to do a little charting.

Developers develop. That’s what they do and in the majority of cases they like doing  it —  getting to the core of the tech, optimizing and coming up with new approaches.

Entrepreneurs are here to make something of themselves:  be the first, make money, help bring ideas to life — many times, it’s the ideas they believe in.

Individual investors are curious both about the tech and making some wealth. They are often autodidacts.

Speculators are  here to make money.

Real businesses: These are here to stay with roadmaps, thorough planning and traditional budgeting approaches (as in not riding the high of the Ethereum price all the way to the ceiling and then dumping in panic when everybody else starts doing so). Real businesses. Businesses that had their prospective customers pretty much signed up before they started an ICO (if they ran one at all).

And finally, enterprises ,  the most lucrative ones on this chart. Big names that give heart palpitations to every crypto asset holder. The enterprises that are going to use the Blockchain solutions developed by indie devs or real businesses will come to the exchanges and buy coins in droves. That’s what every speculator, individual investor and entrepreneur is hoping for and this is what’s driving them.

So it’s enterprise adoption , which is slow though it is justifiable, versus everyone else. There’s no room in this space: Iit’s devs, speculators, entrepreneurs and enterprise adoption expectations are all trying to feed on each other.

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But What About The User?

For the first time in a very long period, the user,  assisted with Blockchain, can no longer be treated as the consumer sheep. The user can become a full member of any platform they choose to join; they can be a real customer of any dApp with real value  —  not a perceived market differentiator value   but the real one.

The user is not your ICO fuel. The user is the one who makes all that Blockchain tech adoption possible. The user needs an easy and frictionless onboarding  —  not the marketing slang type “onboarding”, which often means hooking up an unsuspecting consumer to hidden regular payments, but real onboarding to the world of Blockchain and dApps where the user has equal rights with everyone else; where the user is always a full member, an equal citizen, instead of a tied up sheep for marketeers.

The user is what’s important today. All the dApp devs would love to let the user try out their product. The majority (if not all) of the Blockchain protocols would love the user to become a part of them, use the protocols in their daily lives like they do with all the other centralized tech.

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Bitcoin Cash’s Breakup a Bitter Split for Entire Crypto Ecosystem

The highly publicised hard fork of Bitcoin Cash was not only an ugly divorce, but a ‘disservice’ to the industry, says Barry Silbert
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Contents

While it would probably be a stretch to say that the Bitcoin Cash hard fork on November 15 caused the most recent and significant drop in the value of the entire cryptocurrency market, there are some big coincidences, especially with timing.

The fork itself built up into a real crescendo of ugliness as two important figure heads in Bitcoin Cash butted heads. Roger Ver and Craig Wright turned what should have been a routine upgrade of the Bitcoin Cash blockchain into a real philosophical fight that spilled out onto the public forum.

This has led many to criticise the actions of the two men who essentially started a hash war in order to gain superiority for their planned blockchains, and to this end, prominent cryptocurrency figures have spoken out.

Barry Silbert, the man behind crypto-centric conglomerate Digital Currency Group (DCG), has come out and called the Bitcoin Cash hard fork a ‘disservice to the industry’, and going beyond it being a catalyst for the price drop, he is probably right for other reasons.

A disservice

The Bitcoin Cash war is still technically ongoing, as the two chains that forked have refused to die down. Ver and his Bitcoin ABC chain have retained the name Bitcoin Cash, while Wright has formed a new cryptocurrency called Bitcoin SV.

“The fork is a distraction. The industry did itself a real disservice, but let me give you the other side of that — if Bitcoin emerges as the winner, it will have been battle-tested, as it has been challenged by competitive cryptocurrencies and internal development strife,” Silbert explained.

Looking deeper at the negative effect this battle between two large personalities has had, one can also see that the perception of the cryptocurrency space is damaged from this fracas. The fact that two men can wield so much power and influence, as well as capital, and cause such bad blood does not look good for those outside of the cryptocurrency space.

The likes of the SEC and other regulators have insinuated that there will be no future for cryptocurrencies unless they can sort out issues of market manipulation and such, and while this is not market manipulation, it is still too fast and loose for most regulators to accept and agree with.

More to it

Silbert, although not a fan of the BCH fork, is not tying it totally to the reason for the latest drop in the value of the cryptocurrency market. Instead, the DCG chief believes that the unraveling ICO market, as well as the fall in stocks, is correlated to the fall.

The ICO market no doubt was one of the major reasons for the explosion in the price of Bitcoin at the back end of 2017. Now, with ICOs almost fading to nothing, it cannot be too hard to expect there to be a fall back towards the norm that was devoid of the ICO hype.

More so, Silbert has also explained that crypto’s largest investors are funds/groups with asymmetric risk appetites. These funds often hold positions in high-risk, often-tumultuous technology stocks, coupled with cryptocurrency holdings. So, seeing that lines that can be drawn between the recent sell-offs seen in equities and crypto, it is apparent that the macro market has been proding Bitcoin investors.

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EOS Price Prediction- How Much Will EOS Cost in 2018-25?

📚 Wikicoin
Finance-savvy investors started putting a heavy focus on EOS. Let’s find out what experts think about it.
EOS Price Prediction- How Much Will EOS Cost in 2018-25?
Contents

 

EOS is becoming a popular currency among investors. Is it worth buying, and what’s EOS price prediction for the following years? Find out how much EOS coin may cost in 2018, 2020 and further on.

Although Bitcoin is still dominating the cryptocurrency market, there are a large number of new promising coins appearing. One of them is EOS cryptocurrency– the token introduced by EOS.io infrastructure for decentralized applications. Finance-savvy investors started putting a heavy focus on this coin, and some already started buying thousands of coins inspired by optimistic price prediction for EOS. Let’s find out what experts think about it.

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What is EOS?

Being a relatively new cryptocurrency, EOS hasn’t turned into a buzzword yet, so we should shed some light on what is it, and where this asset came from.

EOS.io is a Blockchain-based infrastructure for development and hosting of decentralized applications that has rocked the boat of traditional similar ecosystems: it solves the problems of transaction processing speed and is more technologically advanced than Ethereum and Bitcoin Blockchains.

No one knows what EOS stands for (“Ethereum on Steroids”,“Endless Online Scaling”, and some other versions exist). The tokens are issued by EOS.io project that’s controlled and developed by block.one company. The amount of emitted tokens is 1 bln, and they CANNOT be mined– you can obtain the currency by making investments.

What makes EOS special? The Block One platform leverages smart contracts that allow executing maximum 50,000 transactions for every second! This is much higher than the majority of existing Blockchains. With the help of scaling, Block One solves the problem of slow Blockchain-based transactions which makes this platform superior.

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EOS price prediction 2018

Initially, EOS tokens issued for sale in 2017 cost less than $1. By the end of 2017, its price has grown, and EOS 2018 price prediction seems to be justified: in January of this year, it has reached $13.063 according to the website’s records.

In May 2018, EOS cost is about $12– not asignificant fluctuation. Experts claim that the best tactics are to make long-term investments for at least a year. Why?

According to EOS coin price prediction 2018 from professional traders, in December of this calendar year, it will reach about $37. Therefore, your current investment can pay off three-fold. Every $100 you invest can turn into $300, which isn’t bad.

EOS price prediction 2020

Say, the EOS platform developed by block.one is thriving in 2019 (there’s no tendency that it may lose authority). What will be a realistic EOS price prediction for the following years?

  • The overall market cap of the company can go up by four times.

  • If Bitcoin and Ethereum slightly lose their dominance (for instance, their rate decreases by 15 percent), EOS can reach top-3 with $70 bln market cap, which means one EOS will reach $70.

Even according to the most pessimistic forecasts, EOS will reach at least $20 in 2019 and about $30 in 2020.

For EOS price to grow, several things should happen. First, well-developed governments like US and China should establish regulations for new currencies to enter the market.

Secondly, EOS community and communities of other altcoins should grow considerably to hinder the monopoly of Bitcoin and Ethereum on the market.

According to TradingBeasts community, EOS cryptocurrency price prediction 2020 is from $37 in January to $51 in December. These numbers seem to be close to reality.

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EOS price prediction 2025

All that sounds good, but let’s go further. Remember we mentioned that EOS is good for long-term investments?

Let’s make simple calculations: every $100 spent will give you 7.655 EOS now. In 2022, the price of currency can start from $60-80 in January, and your investment can turn into some $900 or higher. Five-year forecast is around $143.

Therefore, in 2025, EOS price can reach minimum $200. Your investments made now can pay off considerably– the appreciation gained by the platform is considerable.

Year

EOS price prediction (average)

2018

$22

2019

$31

2020

$46

2022

$70

2025

$140-200

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What the cost depends on?

Crypto experts claim it can soon be in the Top-3 cryptocurrencies along with Bitcoin and NEO. Why EOS has such a huge potential? If you look at the EOS platform developed by Block One, it is highly scalable and versatile: companies can easily use it as the foundation for various applications. With parallel execution, running decentralized applications becomes simple. With EOS features and power, companies will need less IT maintenance. Today, this is one of the most cost-efficient ways to organize online infrastructure.

There’s the whole gamut of factors that influence EOS future price prediction.

  1. The value and a market cap of other major cryptocurrencies (Bitcoin, Ethereum, NEO, and others).

  2. Development of EOS Blockchain (which is expected to grow at the exponential rate).

  3. Implementation of cryptocurrencies by governments.

Since EOS offers a superb Blockchain architecture and, which is important, doesn’t charge any fee for transactions, this platform would be interesting for millions of users all over the world. Therefore, the chances it will be a leading coin are very high.

Bottom line

Starting from the price launch prediction EOS has justified the forecasts made by leading cryptocurrency experts, and the tendency remains the same.

The Block One company came up with a truly revolutionary product that can change the future of online enterprise infrastructure. Of course, just like any other Blockchain-based infrastructure, this one isn’t perfect, but the creators are dealing with issues efficiently.

If you want to invest into crypto for a long run, pay attention to EOS: it is truly worth it. Many stakeholders are inspired by positive forecasts concerning the coin pricing, and there are simply no reasons for it to crash. Besides, EOS has enough potential and power to withstand competition with other major cryptocurrencies.

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