VOTING POWER100.00%
DOWNVOTE POWER100.00%
RESOURCE CREDITS100.00%
REPUTATION PROGRESS0.00%
Net Worth
0.037USD
STEEM
0.001STEEM
SBD
0.000SBD
Effective Power
5.008SP
├── Own SP
0.629SP
└── Incoming DelegationsDeleg
+4.379SP
Detailed Balance
| STEEM | ||
| balance | 0.001STEEM | STEEM |
| market_balance | 0.000STEEM | STEEM |
| savings_balance | 0.000STEEM | STEEM |
| reward_steem_balance | 0.000STEEM | STEEM |
| STEEM POWER | ||
| Own SP | 0.629SP | SP |
| Delegated Out | 0.000SP | SP |
| Delegation In | 4.379SP | SP |
| Effective Power | 5.008SP | SP |
| Reward SP (pending) | 0.000SP | SP |
| SBD | ||
| sbd_balance | 0.000SBD | SBD |
| sbd_conversions | 0.000SBD | SBD |
| sbd_market_balance | 0.000SBD | SBD |
| savings_sbd_balance | 0.000SBD | SBD |
| reward_sbd_balance | 0.000SBD | SBD |
{
"balance": "0.001 STEEM",
"savings_balance": "0.000 STEEM",
"reward_steem_balance": "0.000 STEEM",
"vesting_shares": "1022.321211 VESTS",
"delegated_vesting_shares": "0.000000 VESTS",
"received_vesting_shares": "7121.338595 VESTS",
"sbd_balance": "0.000 SBD",
"savings_sbd_balance": "0.000 SBD",
"reward_sbd_balance": "0.000 SBD",
"conversions": []
}Account Info
| name | blockchainblitz |
| id | 763097 |
| rank | 554,048 |
| reputation | 131845196 |
| created | 2018-02-14T04:18:51 |
| recovery_account | steem |
| proxy | None |
| post_count | 6 |
| comment_count | 0 |
| lifetime_vote_count | 0 |
| witnesses_voted_for | 0 |
| last_post | 2018-04-24T08:22:12 |
| last_root_post | 2018-04-24T08:03:36 |
| last_vote_time | 2018-04-24T08:22:21 |
| proxied_vsf_votes | 0, 0, 0, 0 |
| can_vote | 1 |
| voting_power | 0 |
| delayed_votes | 0 |
| balance | 0.001 STEEM |
| savings_balance | 0.000 STEEM |
| sbd_balance | 0.000 SBD |
| savings_sbd_balance | 0.000 SBD |
| vesting_shares | 1022.321211 VESTS |
| delegated_vesting_shares | 0.000000 VESTS |
| received_vesting_shares | 7121.338595 VESTS |
| reward_vesting_balance | 0.000000 VESTS |
| vesting_balance | 0.000 STEEM |
| vesting_withdraw_rate | 0.000000 VESTS |
| next_vesting_withdrawal | 1969-12-31T23:59:59 |
| withdrawn | 0 |
| to_withdraw | 0 |
| withdraw_routes | 0 |
| savings_withdraw_requests | 0 |
| last_account_recovery | 1970-01-01T00:00:00 |
| reset_account | null |
| last_owner_update | 1970-01-01T00:00:00 |
| last_account_update | 2018-04-24T08:09:45 |
| mined | No |
| sbd_seconds | 0 |
| sbd_last_interest_payment | 1970-01-01T00:00:00 |
| savings_sbd_last_interest_payment | 1970-01-01T00:00:00 |
{
"active": {
"account_auths": [],
"key_auths": [
[
"STM8PyYzzJLeqU6h1hVdtbtwKQ2a2i6A7Bcc7X48AiDGqyVCErbq4",
1
]
],
"weight_threshold": 1
},
"balance": "0.001 STEEM",
"can_vote": true,
"comment_count": 0,
"created": "2018-02-14T04:18:51",
"curation_rewards": 0,
"delegated_vesting_shares": "0.000000 VESTS",
"downvote_manabar": {
"current_mana": 2035914951,
"last_update_time": 1779055845
},
"guest_bloggers": [],
"id": 763097,
"json_metadata": "{\"profile\":{\"profile_image\":\"https://pbs.twimg.com/profile_images/529052615351353345/IG4mbOKv_400x400.jpeg\",\"cover_image\":\"https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcRmRb88cb0BciuiyV_X-st1uV5rEvMYMNpbUhVzvvF3NqWKtfkg\"}}",
"last_account_recovery": "1970-01-01T00:00:00",
"last_account_update": "2018-04-24T08:09:45",
"last_owner_update": "1970-01-01T00:00:00",
"last_post": "2018-04-24T08:22:12",
"last_root_post": "2018-04-24T08:03:36",
"last_vote_time": "2018-04-24T08:22:21",
"lifetime_vote_count": 0,
"market_history": [],
"memo_key": "STM7u3QDf7HAtqxoHiQp9DTYabY8urPzKqHdnmjjvgCPwZYCx1JxJ",
"mined": false,
"name": "blockchainblitz",
"next_vesting_withdrawal": "1969-12-31T23:59:59",
"other_history": [],
"owner": {
"account_auths": [],
"key_auths": [
[
"STM5GyQ43QBqMyVdkS23Uy9XWs1PL6y4cxq6VEBLzF4EheN4qaGyQ",
1
]
],
"weight_threshold": 1
},
"pending_claimed_accounts": 0,
"post_bandwidth": 0,
"post_count": 6,
"post_history": [],
"posting": {
"account_auths": [
[
"dtube.app",
1
]
],
"key_auths": [
[
"STM6zyk6GJrBeYxSLN3nqVp6kWtGQkJkFsd4r8jmp6gyYe6SdY8Ur",
1
]
],
"weight_threshold": 1
},
"posting_json_metadata": "{\"profile\":{\"profile_image\":\"https://pbs.twimg.com/profile_images/529052615351353345/IG4mbOKv_400x400.jpeg\",\"cover_image\":\"https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcRmRb88cb0BciuiyV_X-st1uV5rEvMYMNpbUhVzvvF3NqWKtfkg\"}}",
"posting_rewards": 0,
"proxied_vsf_votes": [
0,
0,
0,
0
],
"proxy": "",
"received_vesting_shares": "7121.338595 VESTS",
"recovery_account": "steem",
"reputation": 131845196,
"reset_account": "null",
"reward_sbd_balance": "0.000 SBD",
"reward_steem_balance": "0.000 STEEM",
"reward_vesting_balance": "0.000000 VESTS",
"reward_vesting_steem": "0.000 STEEM",
"savings_balance": "0.000 STEEM",
"savings_sbd_balance": "0.000 SBD",
"savings_sbd_last_interest_payment": "1970-01-01T00:00:00",
"savings_sbd_seconds": "0",
"savings_sbd_seconds_last_update": "1970-01-01T00:00:00",
"savings_withdraw_requests": 0,
"sbd_balance": "0.000 SBD",
"sbd_last_interest_payment": "1970-01-01T00:00:00",
"sbd_seconds": "0",
"sbd_seconds_last_update": "1970-01-01T00:00:00",
"tags_usage": [],
"to_withdraw": 0,
"transfer_history": [],
"vesting_balance": "0.000 STEEM",
"vesting_shares": "1022.321211 VESTS",
"vesting_withdraw_rate": "0.000000 VESTS",
"vote_history": [],
"voting_manabar": {
"current_mana": "8143659806",
"last_update_time": 1779055845
},
"voting_power": 0,
"withdraw_routes": 0,
"withdrawn": 0,
"witness_votes": [],
"witnesses_voted_for": 0,
"rank": 554048
}Withdraw Routes
| Incoming | Outgoing |
|---|---|
Empty | Empty |
{
"incoming": [],
"outgoing": []
}From Date
To Date
steemdelegated 4.379 SP to @blockchainblitz2026/05/17 22:10:45
steemdelegated 4.379 SP to @blockchainblitz
2026/05/17 22:10:45
| delegatee | blockchainblitz |
| delegator | steem |
| vesting shares | 7121.338595 VESTS |
| Transaction Info | Block #106140970/Trx f7029498f6bd33d8e5c51b08c8e9826a122affb7 |
View Raw JSON Data
{
"block": 106140970,
"op": [
"delegate_vesting_shares",
{
"delegatee": "blockchainblitz",
"delegator": "steem",
"vesting_shares": "7121.338595 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2026-05-17T22:10:45",
"trx_id": "f7029498f6bd33d8e5c51b08c8e9826a122affb7",
"trx_in_block": 3,
"virtual_op": 0
}steemdelegated 2.711 SP to @blockchainblitz2026/05/11 19:44:48
steemdelegated 2.711 SP to @blockchainblitz
2026/05/11 19:44:48
| delegatee | blockchainblitz |
| delegator | steem |
| vesting shares | 4409.128190 VESTS |
| Transaction Info | Block #105966027/Trx 93a98c2dfc553627cf1940c2b56c8f1a92c6b54a |
View Raw JSON Data
{
"block": 105966027,
"op": [
"delegate_vesting_shares",
{
"delegatee": "blockchainblitz",
"delegator": "steem",
"vesting_shares": "4409.128190 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2026-05-11T19:44:48",
"trx_id": "93a98c2dfc553627cf1940c2b56c8f1a92c6b54a",
"trx_in_block": 1,
"virtual_op": 0
}steemdelegated 4.387 SP to @blockchainblitz2026/04/25 21:34:54
steemdelegated 4.387 SP to @blockchainblitz
2026/04/25 21:34:54
| delegatee | blockchainblitz |
| delegator | steem |
| vesting shares | 7133.854351 VESTS |
| Transaction Info | Block #105508682/Trx 62174aebb812539ce84c509c2c62b22c0002ff2e |
View Raw JSON Data
{
"block": 105508682,
"op": [
"delegate_vesting_shares",
{
"delegatee": "blockchainblitz",
"delegator": "steem",
"vesting_shares": "7133.854351 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2026-04-25T21:34:54",
"trx_id": "62174aebb812539ce84c509c2c62b22c0002ff2e",
"trx_in_block": 0,
"virtual_op": 0
}steemdelegated 2.737 SP to @blockchainblitz2026/01/23 02:20:42
steemdelegated 2.737 SP to @blockchainblitz
2026/01/23 02:20:42
| delegatee | blockchainblitz |
| delegator | steem |
| vesting shares | 4450.675009 VESTS |
| Transaction Info | Block #102845280/Trx 767fb938aae558a8d18eef470d4e2c5ea3e6eb2b |
View Raw JSON Data
{
"block": 102845280,
"op": [
"delegate_vesting_shares",
{
"delegatee": "blockchainblitz",
"delegator": "steem",
"vesting_shares": "4450.675009 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2026-01-23T02:20:42",
"trx_id": "767fb938aae558a8d18eef470d4e2c5ea3e6eb2b",
"trx_in_block": 2,
"virtual_op": 0
}steemdelegated 2.838 SP to @blockchainblitz2024/12/16 21:40:21
steemdelegated 2.838 SP to @blockchainblitz
2024/12/16 21:40:21
| delegatee | blockchainblitz |
| delegator | steem |
| vesting shares | 4614.894206 VESTS |
| Transaction Info | Block #91291693/Trx 4eed18e2f6f9fb45590263a279e15418d63b3d81 |
View Raw JSON Data
{
"block": 91291693,
"op": [
"delegate_vesting_shares",
{
"delegatee": "blockchainblitz",
"delegator": "steem",
"vesting_shares": "4614.894206 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2024-12-16T21:40:21",
"trx_id": "4eed18e2f6f9fb45590263a279e15418d63b3d81",
"trx_in_block": 0,
"virtual_op": 0
}steemdelegated 2.942 SP to @blockchainblitz2023/11/13 13:25:30
steemdelegated 2.942 SP to @blockchainblitz
2023/11/13 13:25:30
| delegatee | blockchainblitz |
| delegator | steem |
| vesting shares | 4784.027738 VESTS |
| Transaction Info | Block #79845956/Trx c3a3369f1ce7564367b57105cbc5866ae21a9a3c |
View Raw JSON Data
{
"block": 79845956,
"op": [
"delegate_vesting_shares",
{
"delegatee": "blockchainblitz",
"delegator": "steem",
"vesting_shares": "4784.027738 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2023-11-13T13:25:30",
"trx_id": "c3a3369f1ce7564367b57105cbc5866ae21a9a3c",
"trx_in_block": 7,
"virtual_op": 0
}steemdelegated 4.748 SP to @blockchainblitz2023/09/21 19:25:33
steemdelegated 4.748 SP to @blockchainblitz
2023/09/21 19:25:33
| delegatee | blockchainblitz |
| delegator | steem |
| vesting shares | 7721.306524 VESTS |
| Transaction Info | Block #78344957/Trx e6dbc49856fb59fce0399d5a5a8533a77a3ef721 |
View Raw JSON Data
{
"block": 78344957,
"op": [
"delegate_vesting_shares",
{
"delegatee": "blockchainblitz",
"delegator": "steem",
"vesting_shares": "7721.306524 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2023-09-21T19:25:33",
"trx_id": "e6dbc49856fb59fce0399d5a5a8533a77a3ef721",
"trx_in_block": 4,
"virtual_op": 0
}steemdelegated 4.884 SP to @blockchainblitz2022/11/03 09:29:15
steemdelegated 4.884 SP to @blockchainblitz
2022/11/03 09:29:15
| delegatee | blockchainblitz |
| delegator | steem |
| vesting shares | 7942.987962 VESTS |
| Transaction Info | Block #69110614/Trx 2074a890bc0ecca3ec8a5d18137a11467c860d70 |
View Raw JSON Data
{
"block": 69110614,
"op": [
"delegate_vesting_shares",
{
"delegatee": "blockchainblitz",
"delegator": "steem",
"vesting_shares": "7942.987962 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2022-11-03T09:29:15",
"trx_id": "2074a890bc0ecca3ec8a5d18137a11467c860d70",
"trx_in_block": 2,
"virtual_op": 0
}steemdelegated 5.020 SP to @blockchainblitz2022/01/17 08:55:54
steemdelegated 5.020 SP to @blockchainblitz
2022/01/17 08:55:54
| delegatee | blockchainblitz |
| delegator | steem |
| vesting shares | 8163.521193 VESTS |
| Transaction Info | Block #60807002/Trx 5991d32d248821e2cacf35fb855bbd95a6ca72e5 |
View Raw JSON Data
{
"block": 60807002,
"op": [
"delegate_vesting_shares",
{
"delegatee": "blockchainblitz",
"delegator": "steem",
"vesting_shares": "8163.521193 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2022-01-17T08:55:54",
"trx_id": "5991d32d248821e2cacf35fb855bbd95a6ca72e5",
"trx_in_block": 8,
"virtual_op": 0
}steemdelegated 5.133 SP to @blockchainblitz2021/06/13 22:56:03
steemdelegated 5.133 SP to @blockchainblitz
2021/06/13 22:56:03
| delegatee | blockchainblitz |
| delegator | steem |
| vesting shares | 8347.289851 VESTS |
| Transaction Info | Block #54605486/Trx b1fe379e9c82c173a386cbbf2427bbf102c71d5c |
View Raw JSON Data
{
"block": 54605486,
"op": [
"delegate_vesting_shares",
{
"delegatee": "blockchainblitz",
"delegator": "steem",
"vesting_shares": "8347.289851 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2021-06-13T22:56:03",
"trx_id": "b1fe379e9c82c173a386cbbf2427bbf102c71d5c",
"trx_in_block": 1,
"virtual_op": 0
}steemdelegated 5.248 SP to @blockchainblitz2020/12/11 09:17:36
steemdelegated 5.248 SP to @blockchainblitz
2020/12/11 09:17:36
| delegatee | blockchainblitz |
| delegator | steem |
| vesting shares | 8534.711825 VESTS |
| Transaction Info | Block #49353018/Trx 038dc4278e24af666553f0e1492f3f9868b4b3bf |
View Raw JSON Data
{
"block": 49353018,
"op": [
"delegate_vesting_shares",
{
"delegatee": "blockchainblitz",
"delegator": "steem",
"vesting_shares": "8534.711825 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2020-12-11T09:17:36",
"trx_id": "038dc4278e24af666553f0e1492f3f9868b4b3bf",
"trx_in_block": 2,
"virtual_op": 0
}steemdelegated 1.176 SP to @blockchainblitz2020/12/06 02:55:03
steemdelegated 1.176 SP to @blockchainblitz
2020/12/06 02:55:03
| delegatee | blockchainblitz |
| delegator | steem |
| vesting shares | 1912.543513 VESTS |
| Transaction Info | Block #49204591/Trx 355cf0ef480d393fd4f5c071afc144b0c0555195 |
View Raw JSON Data
{
"block": 49204591,
"op": [
"delegate_vesting_shares",
{
"delegatee": "blockchainblitz",
"delegator": "steem",
"vesting_shares": "1912.543513 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2020-12-06T02:55:03",
"trx_id": "355cf0ef480d393fd4f5c071afc144b0c0555195",
"trx_in_block": 3,
"virtual_op": 0
}steemdelegated 5.252 SP to @blockchainblitz2020/12/05 10:52:00
steemdelegated 5.252 SP to @blockchainblitz
2020/12/05 10:52:00
| delegatee | blockchainblitz |
| delegator | steem |
| vesting shares | 8541.078464 VESTS |
| Transaction Info | Block #49185695/Trx 95d9d2b003635a7b5a1cf51b0e19bd93df731d73 |
View Raw JSON Data
{
"block": 49185695,
"op": [
"delegate_vesting_shares",
{
"delegatee": "blockchainblitz",
"delegator": "steem",
"vesting_shares": "8541.078464 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2020-12-05T10:52:00",
"trx_id": "95d9d2b003635a7b5a1cf51b0e19bd93df731d73",
"trx_in_block": 0,
"virtual_op": 0
}steemdelegated 1.181 SP to @blockchainblitz2020/11/02 11:40:15
steemdelegated 1.181 SP to @blockchainblitz
2020/11/02 11:40:15
| delegatee | blockchainblitz |
| delegator | steem |
| vesting shares | 1920.017158 VESTS |
| Transaction Info | Block #48253133/Trx 753913f2eec2275e88de5ea1d4451e613efb6682 |
View Raw JSON Data
{
"block": 48253133,
"op": [
"delegate_vesting_shares",
{
"delegatee": "blockchainblitz",
"delegator": "steem",
"vesting_shares": "1920.017158 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2020-11-02T11:40:15",
"trx_id": "753913f2eec2275e88de5ea1d4451e613efb6682",
"trx_in_block": 0,
"virtual_op": 0
}steemdelegated 5.377 SP to @blockchainblitz2020/05/09 03:50:12
steemdelegated 5.377 SP to @blockchainblitz
2020/05/09 03:50:12
| delegatee | blockchainblitz |
| delegator | steem |
| vesting shares | 8743.725038 VESTS |
| Transaction Info | Block #43214807/Trx bd6cd7022f96f480745c4d742c4ff4b6a67f9617 |
View Raw JSON Data
{
"block": 43214807,
"op": [
"delegate_vesting_shares",
{
"delegatee": "blockchainblitz",
"delegator": "steem",
"vesting_shares": "8743.725038 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2020-05-09T03:50:12",
"trx_id": "bd6cd7022f96f480745c4d742c4ff4b6a67f9617",
"trx_in_block": 9,
"virtual_op": 0
}steemdelegated 1.201 SP to @blockchainblitz2020/05/08 07:09:24
steemdelegated 1.201 SP to @blockchainblitz
2020/05/08 07:09:24
| delegatee | blockchainblitz |
| delegator | steem |
| vesting shares | 1953.311140 VESTS |
| Transaction Info | Block #43190572/Trx bb1a860ce9919f455c9c6e7429d0ad53d69a9f60 |
View Raw JSON Data
{
"block": 43190572,
"op": [
"delegate_vesting_shares",
{
"delegatee": "blockchainblitz",
"delegator": "steem",
"vesting_shares": "1953.311140 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2020-05-08T07:09:24",
"trx_id": "bb1a860ce9919f455c9c6e7429d0ad53d69a9f60",
"trx_in_block": 15,
"virtual_op": 0
}2020/02/14 04:44:15
2020/02/14 04:44:15
| author | steemitboard |
| body | Congratulations @blockchainblitz! You received a personal award! <table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@blockchainblitz/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table> <sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@blockchainblitz) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=blockchainblitz)_</sub> **Do not miss the last post from @steemitboard:** <table><tr><td><a href="https://steemit.com/steemitboard/@steemitboard/valentine-s-day-challenge-give-a-badge-to-your-beloved"><img src="https://steemitimages.com/64x128/http://i.cubeupload.com/LvDzr5.png"></a></td><td><a href="https://steemit.com/steemitboard/@steemitboard/valentine-s-day-challenge-give-a-badge-to-your-beloved">Valentine's day challenge - Give a badge to your beloved!</a></td></tr></table> ###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes! |
| json metadata | {"image":["https://steemitboard.com/img/notify.png"]} |
| parent author | blockchainblitz |
| parent permlink | an-analysis-of-the-usdmtl-coin-chart-breakout-pending |
| permlink | steemitboard-notify-blockchainblitz-20200214t044414000z |
| title | |
| Transaction Info | Block #40802657/Trx 4b7f6127ea075a6857757a5159519a137cdda07e |
View Raw JSON Data
{
"block": 40802657,
"op": [
"comment",
{
"author": "steemitboard",
"body": "Congratulations @blockchainblitz! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@blockchainblitz/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@blockchainblitz) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=blockchainblitz)_</sub>\n\n\n**Do not miss the last post from @steemitboard:**\n<table><tr><td><a href=\"https://steemit.com/steemitboard/@steemitboard/valentine-s-day-challenge-give-a-badge-to-your-beloved\"><img src=\"https://steemitimages.com/64x128/http://i.cubeupload.com/LvDzr5.png\"></a></td><td><a href=\"https://steemit.com/steemitboard/@steemitboard/valentine-s-day-challenge-give-a-badge-to-your-beloved\">Valentine's day challenge - Give a badge to your beloved!</a></td></tr></table>\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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"permlink": "steemitboard-notify-blockchainblitz-20200214t044414000z",
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}dtubesent 0.001 STEEM to @blockchainblitz- "Time is running out, claim your DTube account now before anyone else can! Login at https://d.tube"2019/08/22 17:22:09
dtubesent 0.001 STEEM to @blockchainblitz- "Time is running out, claim your DTube account now before anyone else can! Login at https://d.tube"
2019/08/22 17:22:09
| amount | 0.001 STEEM |
| from | dtube |
| memo | Time is running out, claim your DTube account now before anyone else can! Login at https://d.tube |
| to | blockchainblitz |
| Transaction Info | Block #35780851/Trx c286e9f2aaa8c034de9726e20bbcf6deaa1cc22c |
View Raw JSON Data
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"timestamp": "2019-08-22T17:22:09",
"trx_id": "c286e9f2aaa8c034de9726e20bbcf6deaa1cc22c",
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}steemdelegated 5.482 SP to @blockchainblitz2019/07/14 07:25:27
steemdelegated 5.482 SP to @blockchainblitz
2019/07/14 07:25:27
| delegatee | blockchainblitz |
| delegator | steem |
| vesting shares | 8915.841381 VESTS |
| Transaction Info | Block #34648751/Trx 93a94fed5f894339c0927dc8b428c8c054eccccc |
View Raw JSON Data
{
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}2019/02/14 05:05:48
2019/02/14 05:05:48
| author | steemitboard |
| body | Congratulations @blockchainblitz! You received a personal award! <table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@blockchainblitz/birthday1.png</td><td>Happy Birthday! - You are on the Steem blockchain for 1 year!</td></tr></table> <sub>_[Click here to view your Board](https://steemitboard.com/@blockchainblitz)_</sub> **Do not miss the last post from @steemitboard:** <table><tr><td><a href="https://steemit.com/valentine/@steemitboard/valentine-challenge-love-is-in-the-air"><img src="https://steemitimages.com/64x128/http://i.cubeupload.com/LvDzr5.png"></a></td><td><a href="https://steemit.com/valentine/@steemitboard/valentine-challenge-love-is-in-the-air">Valentine challenge - Love is in the air!</a></td></tr></table> > Support [SteemitBoard's project](https://steemit.com/@steemitboard)! **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**! |
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| parent author | blockchainblitz |
| parent permlink | an-analysis-of-the-usdmtl-coin-chart-breakout-pending |
| permlink | steemitboard-notify-blockchainblitz-20190214t050549000z |
| title | |
| Transaction Info | Block #30331298/Trx 9cc1ae6bfa9ef9f5b38cd040b7689a7927bdbcd1 |
View Raw JSON Data
{
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"body": "Congratulations @blockchainblitz! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@blockchainblitz/birthday1.png</td><td>Happy Birthday! - You are on the Steem blockchain for 1 year!</td></tr></table>\n\n<sub>_[Click here to view your Board](https://steemitboard.com/@blockchainblitz)_</sub>\n\n\n**Do not miss the last post from @steemitboard:**\n<table><tr><td><a href=\"https://steemit.com/valentine/@steemitboard/valentine-challenge-love-is-in-the-air\"><img src=\"https://steemitimages.com/64x128/http://i.cubeupload.com/LvDzr5.png\"></a></td><td><a href=\"https://steemit.com/valentine/@steemitboard/valentine-challenge-love-is-in-the-air\">Valentine challenge - Love is in the air!</a></td></tr></table>\n\n> Support [SteemitBoard's project](https://steemit.com/@steemitboard)! **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!",
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}steemdelegated 5.605 SP to @blockchainblitz2018/07/25 22:07:24
steemdelegated 5.605 SP to @blockchainblitz
2018/07/25 22:07:24
| delegatee | blockchainblitz |
| delegator | steem |
| vesting shares | 9114.627071 VESTS |
| Transaction Info | Block #24496570/Trx e0fbac7efa2667aaa77364cda84a20702c28de57 |
View Raw JSON Data
{
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}steemdelegated 18.137 SP to @blockchainblitz2018/05/19 13:47:27
steemdelegated 18.137 SP to @blockchainblitz
2018/05/19 13:47:27
| delegatee | blockchainblitz |
| delegator | steem |
| vesting shares | 29495.984546 VESTS |
| Transaction Info | Block #22568436/Trx d674d2347e2db4957fc14f68fb64b1bb7ee776e3 |
View Raw JSON Data
{
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}blockchainblitzcustom json: follow2018/04/25 20:42:03
blockchainblitzcustom json: follow
2018/04/25 20:42:03
| id | follow |
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View Raw JSON Data
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}blockchainblitzpublished a new post: an-analysis-of-the-usdmtl-coin-chart-breakout-pending2018/04/24 08:26:27
blockchainblitzpublished a new post: an-analysis-of-the-usdmtl-coin-chart-breakout-pending
2018/04/24 08:26:27
| author | blockchainblitz |
| body | @@ -364,8 +364,211 @@ own.jpg%5D +%0A%0APlease follow us on:%0A%0ATwitter: @blockchainblitz%0A%0AMedium: @blockchainblitz%0A%0AIPBC (bit.tube): @blockchainblitz%0A%0AReddit: @blockchainblitz%0A%0AYouTube: https://www.youtube.com/channel/UCNbxRahCyucBvmi-w-t6m4g |
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| parent author | |
| parent permlink | cryptocurrency |
| permlink | an-analysis-of-the-usdmtl-coin-chart-breakout-pending |
| title | An Analysis of the MTL Coin Chart, Breakout Pending! |
| Transaction Info | Block #21842283/Trx 31f696da672b4df096f36c980a4b683898c6df79 |
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2018/04/24 08:25:57
| author | srijana-gurung |
| body | Yes!! :) |
| json metadata | {"tags":["cryptocurrency"],"app":"steemit/0.1"} |
| parent author | blockchainblitz |
| parent permlink | re-srijana-gurung-re-blockchainblitz-an-analysis-of-the-usdmtl-coin-chart-breakout-pending-20180424t082211447z |
| permlink | re-blockchainblitz-re-srijana-gurung-re-blockchainblitz-an-analysis-of-the-usdmtl-coin-chart-breakout-pending-20180424t082615886z |
| title | |
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}bitmycoinupvoted (100.00%) @blockchainblitz / an-analysis-of-the-usdmtl-coin-chart-breakout-pending2018/04/24 08:23:30
bitmycoinupvoted (100.00%) @blockchainblitz / an-analysis-of-the-usdmtl-coin-chart-breakout-pending
2018/04/24 08:23:30
| author | blockchainblitz |
| permlink | an-analysis-of-the-usdmtl-coin-chart-breakout-pending |
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blockchainblitzfollowed @srijana-gurung
2018/04/24 08:22:57
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View Raw JSON Data
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2018/04/24 08:22:21
| author | srijana-gurung |
| permlink | re-blockchainblitz-an-analysis-of-the-usdmtl-coin-chart-breakout-pending-20180424t081022349z |
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2018/04/24 08:22:12
| author | blockchainblitz |
| body | sounds good! |
| json metadata | {"tags":["cryptocurrency"],"app":"steemit/0.1"} |
| parent author | srijana-gurung |
| parent permlink | re-blockchainblitz-an-analysis-of-the-usdmtl-coin-chart-breakout-pending-20180424t081022349z |
| permlink | re-srijana-gurung-re-blockchainblitz-an-analysis-of-the-usdmtl-coin-chart-breakout-pending-20180424t082211447z |
| title | |
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2018/04/24 08:13:39
| author | blockchainblitz |
| permlink | an-analysis-of-the-usdmtl-coin-chart-breakout-pending |
| voter | mentalhealthguru |
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2018/04/24 08:09:57
| author | srijana-gurung |
| body | I gave you an up-vote. It would be great if you could return a favor. Please follow me if you like and we can share posts and up-votes and help build our profiles. Thank you!!! |
| json metadata | {"tags":["cryptocurrency"],"app":"steemit/0.1"} |
| parent author | blockchainblitz |
| parent permlink | an-analysis-of-the-usdmtl-coin-chart-breakout-pending |
| permlink | re-blockchainblitz-an-analysis-of-the-usdmtl-coin-chart-breakout-pending-20180424t081022349z |
| title | |
| Transaction Info | Block #21841955/Trx 61c68d5f402ef5715bc9693ceb4168246147a467 |
View Raw JSON Data
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}blockchainblitzfollowed @dtube2018/04/24 08:09:54
blockchainblitzfollowed @dtube
2018/04/24 08:09:54
| id | follow |
| json | ["follow",{"follower":"blockchainblitz","following":"dtube","what":["blog"]}] |
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| Transaction Info | Block #21841954/Trx 87a083fb64e00dc6d0c42480716391e5721c6cad |
View Raw JSON Data
{
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}blockchainblitzupdated their account properties2018/04/24 08:09:45
blockchainblitzupdated their account properties
2018/04/24 08:09:45
| account | blockchainblitz |
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| Transaction Info | Block #21841951/Trx 9f972e9cce8c1b31f0395853eb76b54d14cf76ed |
View Raw JSON Data
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}srijana-gurungupvoted (100.00%) @blockchainblitz / an-analysis-of-the-usdmtl-coin-chart-breakout-pending2018/04/24 08:09:39
srijana-gurungupvoted (100.00%) @blockchainblitz / an-analysis-of-the-usdmtl-coin-chart-breakout-pending
2018/04/24 08:09:39
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blockchainblitzpublished a new post: an-analysis-of-the-usdmtl-coin-chart-breakout-pending
2018/04/24 08:07:45
| author | blockchainblitz |
| body | https://steemitimages.com/DQmSyqVfQtP951o6bk5kPPWL18dWB2LLnMR9G3fBTsLed5Z/arrows-up-down.jpg The MetalPay coin - MTL - is about to break out. This is a brief introduction to chart analysis and confirming set-ups for big swings in coin price. Case studies: MetalPay, ticker: $MTL, Triggers, ticker: $TRIG https://www.youtube.com/watch?v=z0AScrfyKeM![arrows-up-down.jpg] |
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blockchainblitzpublished a new post: an-analysis-of-the-usdmtl-coin-chart-breakout-pending
2018/04/24 08:04:21
| author | blockchainblitz |
| body | @@ -1,5 +1,4 @@ -( http @@ -89,9 +89,8 @@ .jpg -) %0A%0ATh |
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| permlink | an-analysis-of-the-usdmtl-coin-chart-breakout-pending |
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}blockchainblitzupvoted (100.00%) @blockchainblitz / an-analysis-of-the-usdmtl-coin-chart-breakout-pending2018/04/24 08:03:36
blockchainblitzupvoted (100.00%) @blockchainblitz / an-analysis-of-the-usdmtl-coin-chart-breakout-pending
2018/04/24 08:03:36
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blockchainblitzpublished a new post: an-analysis-of-the-usdmtl-coin-chart-breakout-pending
2018/04/24 08:03:36
| author | blockchainblitz |
| body | (https://steemitimages.com/DQmSyqVfQtP951o6bk5kPPWL18dWB2LLnMR9G3fBTsLed5Z/arrows-up-down.jpg) The MetalPay coin - MTL - is about to break out. This is a brief introduction to chart analysis and confirming set-ups for big swings in coin price. Case studies: MetalPay, ticker: $MTL, Triggers, ticker: $TRIG https://www.youtube.com/watch?v=z0AScrfyKeM![arrows-up-down.jpg] |
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| permlink | an-analysis-of-the-usdmtl-coin-chart-breakout-pending |
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}sensationupvoted (100.00%) @blockchainblitz / the-rock-token-rkt-whitepaper2018/03/20 21:56:51
sensationupvoted (100.00%) @blockchainblitz / the-rock-token-rkt-whitepaper
2018/03/20 21:56:51
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coin.infoupvoted (6.94%) @blockchainblitz / the-rock-token-rkt-whitepaper
2018/03/20 20:56:42
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2018/03/20 20:56:39
| author | coin.info |
| body | **Coins mentioned in post:** Coin | | Price (USD) | 📈 24h | 📉 7d - | - | - | - | - **BNB** | Binance Coin | 9.175$ | _5.73%_ | _-8.73%_ **CS** | Credits | 0.553$ | _18.85%_ | _-0.56%_ **GBX** | GoByte | 12.314$ | _8.95%_ | _-1.78%_ **QASH** | QASH | 0.557$ | _6.19%_ | _-14.62%_ **RKT** | Rock | 0.115$ | _3.36%_ | _-18.3%_ |
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"body": "**Coins mentioned in post:**\n\nCoin | | Price (USD) | 📈 24h | 📉 7d\n- | - | - | - | -\n**BNB** | Binance Coin | 9.175$ | _5.73%_ | _-8.73%_\n**CS** | Credits | 0.553$ | _18.85%_ | _-0.56%_\n**GBX** | GoByte | 12.314$ | _8.95%_ | _-1.78%_\n**QASH** | QASH | 0.557$ | _6.19%_ | _-14.62%_\n**RKT** | Rock | 0.115$ | _3.36%_ | _-18.3%_",
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}blockchainblitzupvoted (100.00%) @blockchainblitz / the-rock-token-rkt-whitepaper2018/03/20 20:54:30
blockchainblitzupvoted (100.00%) @blockchainblitz / the-rock-token-rkt-whitepaper
2018/03/20 20:54:30
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}blockchainblitzpublished a new post: the-rock-token-rkt-whitepaper2018/03/20 20:52:45
blockchainblitzpublished a new post: the-rock-token-rkt-whitepaper
2018/03/20 20:52:45
| author | blockchainblitz |
| body | @@ -110,16 +110,48 @@ n.jpg)%0A%0A +Blockchain Blitz Whitepaper on:%0A The Rock @@ -167,19 +167,10 @@ KT) -Whitepaper%0A +- Exch @@ -227,28 +227,8 @@ BX)%0A -by Blockchain Blitz%0A %0A* |
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| permlink | the-rock-token-rkt-whitepaper |
| title | The Rock Token (RKT) Review & Analysis |
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blockchainblitzpublished a new post: the-rock-token-rkt-whitepaper
2018/03/20 20:51:45
| author | blockchainblitz |
| body |  The Rock Token (RKT) Whitepaper Exchange token of the Gibraltar Blockchain Exchange (GBX) by Blockchain Blitz *Full disclosure & disclaimer: I am an investor in The Rock Token. This article shares only my observations and thoughts and, as always, I try to be as objective as possible. I am not a financial advisor. Always do your own research. Website: https://gbx.gi/ Whitepaper: https://gbx.gi/token-sales/GBX-Whitepaper.pdf SUMMARY The Gibraltar Blockchain Exchange (GBX) is the recently-launched subsidiary of Gibraltar Stock Exchange (GSX) – an EU regulated Stock Exchange. “For the first time ever, a regulated stock exchange is stepping into the blockchain space to offer much-needed guidance and standards by bridging the gap between traditional finance and next generation technology to usher in a new era of blockchain powered finance.” (GBX Website) GSX/GBX is located in Gibraltar - a British territory, although it is technically off the southern tip of Spain, in the Iberian Peninsula. Gibraltar is unique in many ways but most notably for being almost completely self-governing. Gibraltar’s status is particularly attractive to financial institutions, as Gibraltar has special tax breaks and incentives for banking and international business. They currently have the 5th most banks, per capita, in the entire world. Why is this significant? Given the concentration and specialization of financial services in one small location, one could argue that Gibraltar knows more about financial services and regulation than most geo-authorities in the world. Cryptocurrency exchange is a financial service. There are SO MANY cryptocurrency exchanges. What makes GBX unique? - As stated, this is the first time a government-regulated stock exchange is stepping into the cryptocurrency space. This cannot be overstated. This means that GBX will be light years ahead of all other crypto exchanges in so many ways – namely: CUSTOMER SERVICE (basic customer service is lacking everywhere in crypto), asset safety & security (hacking, glitches), protection from ICO fraud, protection from fraudulent coins (Ponzis, Pyramids, scams), tax reporting, fiat gateways/liquidity, access to tokenized securities, transparency, to name a few things. Most of these things are lacking for global crypto traders in EVERY exchange (except Quoine/Qryptos – I’ll touch on that later). - Token Listing Standards – they will be the “gold standard” as far as listing a coin on their exchange. The “BitConnect” coins (Ponzi Schemes) of the world will not make the cut. - ICO standardized process with due diligence. Formalized ICO due diligence is also something that is lacking with every exchange. - Tokenized Securities. (see below) Have you ever wondered why you can’t talk to anyone on the phone at your favorite exchange, to resolve an issue? Have you ever wondered why there are no Headquarters/addresses listed anywhere, and you can’t even find an office location? Doesn’t that make you uneasy? It does for me and it should for you. One reason: Accountability. If something goes wrong, do you have any recourse? GBX/GSX is in plain view for everyone to see. They are not hiding behind a curtain somewhere in the world, ready to up-and-leave with your coins if things get bad, like a hacking or a government takeover (happened in China and Japan and will be happening all over the world this year). The Rock Token is a utility token and “currency of choice’ for operating within the GBX platform, which is expected to go live in April. There are SO MANY exchange tokens. What makes The Rock token unique? That’s where things get exciting. We have discussed how regulated exchanges are the legitimacy the industry needs. The Rock Token actually has more utility than any other exchange token out there to my knowledge. Utility equals demand, plain and simple. And demand equals a higher and higher price. USE CASES/ UTILITY FOR THE COIN - Listing Fees – to list your coin on GBX, you will need to pay in RKT - Trading Fees – RKT can be used for discounted trading fees on GBX - Sponsor admission – for ICOs to issue on their platform, they must go through a due diligence process performed by their GBX assigned Sponsor. Sponsors will need to purchase RKT to participate and “RKT will be the only accepted means of payment for Sponsor Fees.” - Sponsor/ Token Issuer staking: “each Sponsor will stake a fixed amount of Rock Tokens (to be held in GBX escrow) for 12 months, equivalent to 0.5% of the total tokens issued through each token sale that they are sponsoring and which are admitted to trading on GBX.” - RKT holders will be allowed early admission and participation in ICO private and pre-sales on the GBX platform - RKT to be charged for corporate services (already operational) - RKT to be charged for ecosystem business solutions (already operational) - E-money institution (currency) (launching in 2018) - RKT for fund services (already operational) - RKT for priority coin listings - Voting rights on select community developments - RKT holders may be able to acquire future releases of RKT from the GBX reserve at a discount to the market rate - Additional exclusive discounts The Rock Token ICO Completed in February, the bulk (258,556,250 RKT) went to Private investors – 50% of these tokens are locked up and released monthly over 6 months. The remaining RKT that was available to the public (60m RKT) sold out in 9 seconds. There was also a bonus of 10-25% during the private sale for strategic investors. The total amount sold during the ICO was ~319m tokens at a price of $.10 USD. The total hard cap was $27M. COIN TECHNICALS The Rock Token is an ERC20 compliant token built on the Ethereum blockchain and GBX is a member of the Enterprise Ethereum Alliance. The total supply of coins is 900m. 246M are held in reserve for “further development and stability of the ecosystem.” 95m for community development, partnerships and securing liquidity. 123m for founders and staff (locked-up for 1st 6 months and then released every quarter for 3 years). 117m for early backers, partners and advisors (6-12 month vest). - Currently trading on Qryptos/ Quoine and IDEX - Current circulating supply, verified by GBX= ~342m RKT - Current MC= ~$39M ($.1132 per coin on Coinmarketcap.com). TEAM / LEADERSHIP The term “all-star team” is thrown around a lot in crypto. That term would be an understatement for this team. Nick Cowen (Group CEO) – head of GSX; 18 years at ING Barings as Global Head of Equities Trading. Previously Manager Director at Bear Stearns UK. https://www.linkedin.com/in/nick-cowan-00a1a439/ Philip Young (Group Marketing Director) – CFA, 20+ yrs experience in financial services, 5 yrs with GSX https://www.linkedin.com/in/philip-young-189312a4/ William Rawley (Group Legal Counsel) – Former Director at both BNP Paribas and Citibank. https://www.linkedin.com/in/william-rawley-b83b1958/ Adrian Hogg (Group CFO) – former Partner at Grant Thornton (Top 5 global accounting firm), former Controller at Bank of the East. https://www.linkedin.com/in/adrian-hogg-3561b5153/ Thoughts on Leadership: Show me another cryptocurrency exchange with this level and quality of experience. People with resumes like this do not put their names on the line for something that might not work. ROADMAP Plans for the future are outlined on the website. PEERS/ RELEVANT EXCHANGE TOKENS WITH TRUE UTILITY GBX: The Rock Token (RKT) - Current MC: ~$39M Qryptos/Quoine: QASH - MC: $232M; ATH ~$840M (Jan 2018) - Coin uses: as a payment for services on the platform, trading pairs, discounted fees (5% off) - QASH is the closest comparison to RKT. Quoine was the first fully state-regulated crypto exchange (Japan) to come on the scene. So far, I’ve been pretty impressed with them, although they do have some kinks to work out. Their most exciting offering – the “Liquid” World Book – is slated to go live in the coming weeks. I believe that Liquid is going to be the first gateway for institutional players and governments to come into cryptocurrency. I would strongly urge researching them further. I have recommended them in the past, and still do, but there is only so much time in the day to write whitepapers. - https://medium.com/@QUOINE/qash-and-the-qash-blockchain-b8fb922994a4 - Referral link: https://accounts.qryptos.com/sign-up?affiliate=qnPCfqpF92503 Binance: Binance Coin (BNB) - Current MC: ~$792M; ATH ~$2.3B (Jan 2018) - Coin uses: discounts on trading (50% off currently), voting rights, trading pairs, discounts on promotions, early access to ICOs, airdrops. - Binance will buy back and burn BNB, ultimately reducing the total in circulation and likely increasing the price - My take: Binance is currently my favorite exchange platform – although this is a fluid thing. Binance is well run, fair, more transparent than most other exchanges (although full transparency still lacking), easy to use, has great record with security, pays coin forks, and they have an ICO incubator. - I believe The Rock Token will be a better coin than BNB ultimately. It has more utility on a more trustworthy, regulated platform. - BNB vs RKT: BNB’s current market cap is roughly 30x RKT’s. And this is in a down market. It’s about 80x from all-time highs. - Referral link: https://www.binance.com/?ref=10126633 Kucoin: KuCoin Shares (KCS) - MC: $304M; ATH ~$1.8B (Jan 2018) - Coin uses: discounted trading, trading pairs, voting rights, airdrops, most importantly/ differentiator: they pay dividends to KCS holders in the form of coins on their platform. - My take: Kucoin is a great platform and currently my 2nd favorite. They’re a strong up-and-coming player and in my opinion, the biggest threat to Binance. - My same thoughts on KCS vs RKT, as far as which coin has more utility and is more secure. - Referral link: https://www.kucoin.com/#/?r=1sbN7 Thoughts on these Exchanges and their Exchange Tokens: These are the top comparisons to RKT in my opinion. Yes, there are other exchange coins out there, but I don’t believe any others to be in the same league at this point in time. QASH would be the best comparison to RKT, although I believe RKT has more utility than QASH. However, QASH’s “Liquid” is going to open a floodgate of new money coming into crypto, so the QASH coin will always be in demand for the years that follow. RKT doesn’t have the Liquid World Book but they will be providing Tokenized Securities – which gives them their unique advantage and also opens the floodgates for additional capital. The regulated ICO platform that GBX/RKT will offer also makes them particularly appealing. This is the direction the market is heading in. Even without Liquid and without Tokenized Securities/ICO due diligence, these coins would be good speculative investments simply due to their promise of stability and asset security. But both of these platforms offer additional features that positions them to capture the “big money” when it comes (I think it will truly start in the 2nd half of 2018). The only of the peer exchange tokens above that is regulated is Qryptos/QASH. I believe that eventually all non-regulated exchanges will be removed from the “big player” equation. So, either they get regulated or they will lose their market share. When mass adoption comes, experienced and conservative investors will require security, safety, accountability and transparency with their investment capital. When regulation gets fully implemented, the only exchanges left who are unregulated will be the “dark alley” exchanges where you can trade at your own risk, and OTC (Over the Counter) exchanges where you can trade P2P (also with a high degree of risk). Flash forward 1 year: I believe that GBX/RKT will be the preferred exchange for Western investors and that Qryptos/QASH will be preferred for the East. RISKS - The GBX exchange is expected to go by April. Risks would include working out the kinks and bugs for a new exchange and their ability to adapt to the blockchain world. - There is a chance their application for regulatory approval will be denied. I would say that is unlikely. If it was another exchange, without their history as a Stock Exchange and without their connections, I’d say there is a significant risk there. However, these are not the type of people who put time and money into something if there are relative uncertainties. FINAL THOUGHTS Regulation for cryptocurrency exchanges is coming. Typically, the United States leads the way when it comes to regulation, and the world follows. The United States SEC Chairman recently stated: "I believe every ICO I've seen is a security.” The US Financial Crimes Enforcement Network (FinCEN) published a letter recently that indicates they seek to regulate ICOs. Dozens of subpoenas were issued to US funds and companies who have issued ICOs. They wrote: "a developer that sells convertible virtual currency, including in the form of ICO coins or tokens, in exchange for another type of value that substitutes for currency is a money transmitter and must comply with AML/CFT requirements. An exchange that sells ICO coins or tokens, or exchanges them for other virtual currency, fiat currency, or other value that substitutes for currency, would typically also be a money transmitter." This means that both cryptocurrencies AND exchanges will be required to register as “a money transmitter” and comply with Anti-Money Laundering (AML) and Know-Your-Customer (KYC) standards. Regulation is coming, friends, and it will be here in 2018. We are already seeing ICOs that are only taking Private Placement money. Soon, all ICOs will be “private only” and not open to public fundraising, for fear of regulatory reprisal. In addition to the above points, the thing that really excites me about GBX and The Rock Token is the fact that they will be the first to issue “tokenized securities.” To be a successful crypto investor, you always need to think three steps ahead. If you believe that tokenized securities are the future addition to the cryptocurrency world, as I do, GBX is the best positioned to capitalize as the first to act in the space. There are others with plans to enter, but GBX are already experts at equity trading and compliance unlike the others. For companies wishing to go public (through an IPO), one of the main selling points for middlemen brokerage houses is their ability to attract investors and source capital. With tokenized securities, middlemen won’t be necessary. One of the amazing attributes of crypto is that ANYONE, ANYWHERE with an internet connection can purchase it. This opens up an IPO (or an ICO in lieu of an IPO) to a global audience of potential investors. Coins or Tokens, as the new preferred unit of stock, are investable and tradable to everyone, globally. Not just investors with Merrill Lynch or Schwab or ETrade or another broker. Anyone, anywhere in the world can be an investor in a project. That is revolutionary for a company seeking investors. Coins that are less about currency and more about utility are less volatile, less speculative. As far as exchange tokens go and relative to their current Market Cap of only $39M, the author believes RKT to be the lowest risk exchange token play on the market, by far. Things are still very early for GBX. We believe The Rock Token value will increase as they start to onboard new coins to their platform. More coins = more new users = greater demand for the coin. We believe this coin to be very undervalued as of today but also that it has potential for incredibly high upside in 2018 and beyond. Thanks for reading! Comments/suggestions/insights welcome! Please follow us on: Twitter: @blockchainblitz IPBC (bit.tube): @blockchainblitz Medium: @blockchainblitz Reddit: @blockchainblitz YouTube: @blockchainblitz SteemIt: @blockchainblitz NOTE: Currently, due to uncertainty around securities law, residents of the following countries are not eligible to join the GBX platform: United States of America, China, Republic of Korea, Japan, all U.N. Sanctioned Countries. However, for those countries, RKT can be purchased on Qryptos and IDEX. If you would like to open an account on the above exchanges (all are recommended as strong exchanges) please use my referral code, as I’ve received no compensation for sharing my research. |
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| parent permlink | cryptocurrency |
| permlink | the-rock-token-rkt-whitepaper |
| title | The Rock Token (RKT) Review & Analysis |
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"body": "\n\nThe Rock Token (RKT) Whitepaper\nExchange token of the Gibraltar Blockchain Exchange (GBX)\nby Blockchain Blitz\n \n*Full disclosure & disclaimer: I am an investor in The Rock Token. This article shares only my observations and thoughts and, as always, I try to be as objective as possible. I am not a financial advisor. Always do your own research. \n \nWebsite: https://gbx.gi/\nWhitepaper: https://gbx.gi/token-sales/GBX-Whitepaper.pdf\n \nSUMMARY\nThe Gibraltar Blockchain Exchange (GBX) is the recently-launched subsidiary of Gibraltar Stock Exchange (GSX) – an EU regulated Stock Exchange. “For the first time ever, a regulated stock exchange is stepping into the blockchain space to offer much-needed guidance and standards by bridging the gap between traditional finance and next generation technology to usher in a new era of blockchain powered finance.” (GBX Website)\n \nGSX/GBX is located in Gibraltar - a British territory, although it is technically off the southern tip of Spain, in the Iberian Peninsula. Gibraltar is unique in many ways but most notably for being almost completely self-governing. Gibraltar’s status is particularly attractive to financial institutions, as Gibraltar has special tax breaks and incentives for banking and international business. They currently have the 5th most banks, per capita, in the entire world. \n \nWhy is this significant? \nGiven the concentration and specialization of financial services in one small location, one could argue that Gibraltar knows more about financial services and regulation than most geo-authorities in the world. Cryptocurrency exchange is a financial service.\n \nThere are SO MANY cryptocurrency exchanges. What makes GBX unique?\n- As stated, this is the first time a government-regulated stock exchange is stepping into the cryptocurrency space. This cannot be overstated. This means that GBX will be light years ahead of all other crypto exchanges in so many ways – namely: CUSTOMER SERVICE (basic customer service is lacking everywhere in crypto), asset safety & security (hacking, glitches), protection from ICO fraud, protection from fraudulent coins (Ponzis, Pyramids, scams), tax reporting, fiat gateways/liquidity, access to tokenized securities, transparency, to name a few things. Most of these things are lacking for global crypto traders in EVERY exchange (except Quoine/Qryptos – I’ll touch on that later).\n- Token Listing Standards – they will be the “gold standard” as far as listing a coin on their exchange. The “BitConnect” coins (Ponzi Schemes) of the world will not make the cut.\n- ICO standardized process with due diligence. Formalized ICO due diligence is also something that is lacking with every exchange.\n- Tokenized Securities. (see below)\n \nHave you ever wondered why you can’t talk to anyone on the phone at your favorite exchange, to resolve an issue? Have you ever wondered why there are no Headquarters/addresses listed anywhere, and you can’t even find an office location? \nDoesn’t that make you uneasy? It does for me and it should for you. One reason: Accountability. If something goes wrong, do you have any recourse? GBX/GSX is in plain view for everyone to see. They are not hiding behind a curtain somewhere in the world, ready to up-and-leave with your coins if things get bad, like a hacking or a government takeover (happened in China and Japan and will be happening all over the world this year). \n \nThe Rock Token is a utility token and “currency of choice’ for operating within the GBX platform, which is expected to go live in April.\n \nThere are SO MANY exchange tokens. What makes The Rock token unique?\nThat’s where things get exciting. We have discussed how regulated exchanges are the legitimacy the industry needs. The Rock Token actually has more utility than any other exchange token out there to my knowledge. Utility equals demand, plain and simple. And demand equals a higher and higher price.\n \nUSE CASES/ UTILITY FOR THE COIN\n- Listing Fees – to list your coin on GBX, you will need to pay in RKT\n- Trading Fees – RKT can be used for discounted trading fees on GBX\n- Sponsor admission – for ICOs to issue on their platform, they must go through a due diligence process performed by their GBX assigned Sponsor. Sponsors will need to purchase RKT to participate and “RKT will be the only accepted means of payment for Sponsor Fees.”\n- Sponsor/ Token Issuer staking: “each Sponsor will stake a fixed amount of Rock Tokens (to be held in GBX escrow) for 12 months, equivalent to 0.5% of the total tokens issued through each token sale that they are sponsoring and which are admitted to trading on GBX.”\n- RKT holders will be allowed early admission and participation in ICO private and pre-sales on the GBX platform\n- RKT to be charged for corporate services (already operational)\n- RKT to be charged for ecosystem business solutions (already operational)\n- E-money institution (currency) (launching in 2018)\n- RKT for fund services (already operational)\n- RKT for priority coin listings\n- Voting rights on select community developments\n- RKT holders may be able to acquire future releases of RKT from the GBX reserve at a discount to the market rate\n- Additional exclusive discounts\n \nThe Rock Token ICO\nCompleted in February, the bulk (258,556,250 RKT) went to Private investors – 50% of these tokens are locked up and released monthly over 6 months. The remaining RKT that was available to the public (60m RKT) sold out in 9 seconds. There was also a bonus of 10-25% during the private sale for strategic investors.\n \nThe total amount sold during the ICO was ~319m tokens at a price of $.10 USD. The total hard cap was $27M. \n \nCOIN TECHNICALS\nThe Rock Token is an ERC20 compliant token built on the Ethereum blockchain and GBX is a member of the Enterprise Ethereum Alliance. The total supply of coins is 900m. 246M are held in reserve for “further development and stability of the ecosystem.” 95m for community development, partnerships and securing liquidity. 123m for founders and staff (locked-up for 1st 6 months and then released every quarter for 3 years). 117m for early backers, partners and advisors (6-12 month vest).\n \n- Currently trading on Qryptos/ Quoine and IDEX\n- Current circulating supply, verified by GBX= ~342m RKT\n- Current MC= ~$39M ($.1132 per coin on Coinmarketcap.com).\n \nTEAM / LEADERSHIP\nThe term “all-star team” is thrown around a lot in crypto. That term would be an understatement for this team.\n \nNick Cowen (Group CEO) – head of GSX; 18 years at ING Barings as Global Head of Equities Trading. Previously Manager Director at Bear Stearns UK. https://www.linkedin.com/in/nick-cowan-00a1a439/\n \nPhilip Young (Group Marketing Director) – CFA, 20+ yrs experience in financial services, 5 yrs with GSX\nhttps://www.linkedin.com/in/philip-young-189312a4/\n \nWilliam Rawley (Group Legal Counsel) – Former Director at both BNP Paribas and Citibank. \nhttps://www.linkedin.com/in/william-rawley-b83b1958/ \n \nAdrian Hogg (Group CFO) – former Partner at Grant Thornton (Top 5 global accounting firm), former Controller at Bank of the East. https://www.linkedin.com/in/adrian-hogg-3561b5153/ \n \nThoughts on Leadership:\nShow me another cryptocurrency exchange with this level and quality of experience. People with resumes like this do not put their names on the line for something that might not work. \n \nROADMAP\nPlans for the future are outlined on the website.\n \nPEERS/ RELEVANT EXCHANGE TOKENS WITH TRUE UTILITY\nGBX: The Rock Token (RKT)\n- Current MC: ~$39M\n \nQryptos/Quoine: QASH\n- MC: $232M; ATH ~$840M (Jan 2018)\n- Coin uses: as a payment for services on the platform, trading pairs, discounted fees (5% off)\n- QASH is the closest comparison to RKT. Quoine was the first fully state-regulated crypto exchange (Japan) to come on the scene. So far, I’ve been pretty impressed with them, although they do have some kinks to work out. Their most exciting offering – the “Liquid” World Book – is slated to go live in the coming weeks. I believe that Liquid is going to be the first gateway for institutional players and governments to come into cryptocurrency. I would strongly urge researching them further. I have recommended them in the past, and still do, but there is only so much time in the day to write whitepapers.\n- https://medium.com/@QUOINE/qash-and-the-qash-blockchain-b8fb922994a4 \n- Referral link: https://accounts.qryptos.com/sign-up?affiliate=qnPCfqpF92503\n \nBinance: Binance Coin (BNB)\n- Current MC: ~$792M; ATH ~$2.3B (Jan 2018)\n- Coin uses: discounts on trading (50% off currently), voting rights, trading pairs, discounts on promotions, early access to ICOs, airdrops.\n- Binance will buy back and burn BNB, ultimately reducing the total in circulation and likely increasing the price\n- My take: Binance is currently my favorite exchange platform – although this is a fluid thing. Binance is well run, fair, more transparent than most other exchanges (although full transparency still lacking), easy to use, has great record with security, pays coin forks, and they have an ICO incubator.\n- I believe The Rock Token will be a better coin than BNB ultimately. It has more utility on a more trustworthy, regulated platform.\n- BNB vs RKT: BNB’s current market cap is roughly 30x RKT’s. And this is in a down market. It’s about 80x from all-time highs.\n- Referral link: https://www.binance.com/?ref=10126633\n \nKucoin: KuCoin Shares (KCS)\n- MC: $304M; ATH ~$1.8B (Jan 2018)\n- Coin uses: discounted trading, trading pairs, voting rights, airdrops, most importantly/ differentiator: they pay dividends to KCS holders in the form of coins on their platform.\n- My take: Kucoin is a great platform and currently my 2nd favorite. They’re a strong up-and-coming player and in my opinion, the biggest threat to Binance.\n- My same thoughts on KCS vs RKT, as far as which coin has more utility and is more secure.\n- Referral link: https://www.kucoin.com/#/?r=1sbN7 \n \nThoughts on these Exchanges and their Exchange Tokens:\nThese are the top comparisons to RKT in my opinion. Yes, there are other exchange coins out there, but I don’t believe any others to be in the same league at this point in time.\n \nQASH would be the best comparison to RKT, although I believe RKT has more utility than QASH. However, QASH’s “Liquid” is going to open a floodgate of new money coming into crypto, so the QASH coin will always be in demand for the years that follow. RKT doesn’t have the Liquid World Book but they will be providing Tokenized Securities – which gives them their unique advantage and also opens the floodgates for additional capital. The regulated ICO platform that GBX/RKT will offer also makes them particularly appealing. This is the direction the market is heading in. \n \nEven without Liquid and without Tokenized Securities/ICO due diligence, these coins would be good speculative investments simply due to their promise of stability and asset security. But both of these platforms offer additional features that positions them to capture the “big money” when it comes (I think it will truly start in the 2nd half of 2018).\n \nThe only of the peer exchange tokens above that is regulated is Qryptos/QASH. I believe that eventually all non-regulated exchanges will be removed from the “big player” equation. So, either they get regulated or they will lose their market share. When mass adoption comes, experienced and conservative investors will require security, safety, accountability and transparency with their investment capital. \n \nWhen regulation gets fully implemented, the only exchanges left who are unregulated will be the “dark alley” exchanges where you can trade at your own risk, and OTC (Over the Counter) exchanges where you can trade P2P (also with a high degree of risk).\n \nFlash forward 1 year: I believe that GBX/RKT will be the preferred exchange for Western investors and that Qryptos/QASH will be preferred for the East.\n \nRISKS\n- The GBX exchange is expected to go by April. Risks would include working out the kinks and bugs for a new exchange and their ability to adapt to the blockchain world.\n- There is a chance their application for regulatory approval will be denied. I would say that is unlikely. If it was another exchange, without their history as a Stock Exchange and without their connections, I’d say there is a significant risk there. However, these are not the type of people who put time and money into something if there are relative uncertainties. \n \nFINAL THOUGHTS\nRegulation for cryptocurrency exchanges is coming. Typically, the United States leads the way when it comes to regulation, and the world follows.\n \nThe United States SEC Chairman recently stated: \"I believe every ICO I've seen is a security.”\n \nThe US Financial Crimes Enforcement Network (FinCEN) published a letter recently that indicates they seek to regulate ICOs. Dozens of subpoenas were issued to US funds and companies who have issued ICOs. They wrote: \"a developer that sells convertible virtual currency, including in the form of ICO coins or tokens, in exchange for another type of value that substitutes for currency is a money transmitter and must comply with AML/CFT requirements. An exchange that sells ICO coins or tokens, or exchanges them for other virtual currency, fiat currency, or other value that substitutes for currency, would typically also be a money transmitter.\"\n \nThis means that both cryptocurrencies AND exchanges will be required to register as “a money transmitter” and comply with Anti-Money Laundering (AML) and Know-Your-Customer (KYC) standards.\n \nRegulation is coming, friends, and it will be here in 2018.\n \nWe are already seeing ICOs that are only taking Private Placement money. Soon, all ICOs will be “private only” and not open to public fundraising, for fear of regulatory reprisal.\n \nIn addition to the above points, the thing that really excites me about GBX and The Rock Token is the fact that they will be the first to issue “tokenized securities.” To be a successful crypto investor, you always need to think three steps ahead. If you believe that tokenized securities are the future addition to the cryptocurrency world, as I do, GBX is the best positioned to capitalize as the first to act in the space. There are others with plans to enter, but GBX are already experts at equity trading and compliance unlike the others. For companies wishing to go public (through an IPO), one of the main selling points for middlemen brokerage houses is their ability to attract investors and source capital. With tokenized securities, middlemen won’t be necessary. One of the amazing attributes of crypto is that ANYONE, ANYWHERE with an internet connection can purchase it. This opens up an IPO (or an ICO in lieu of an IPO) to a global audience of potential investors. Coins or Tokens, as the new preferred unit of stock, are investable and tradable to everyone, globally. Not just investors with Merrill Lynch or Schwab or ETrade or another broker. Anyone, anywhere in the world can be an investor in a project. That is revolutionary for a company seeking investors.\n \nCoins that are less about currency and more about utility are less volatile, less speculative.\n \nAs far as exchange tokens go and relative to their current Market Cap of only $39M, the author believes RKT to be the lowest risk exchange token play on the market, by far.\n \nThings are still very early for GBX. We believe The Rock Token value will increase as they start to onboard new coins to their platform. More coins = more new users = greater demand for the coin. \n \nWe believe this coin to be very undervalued as of today but also that it has potential for incredibly high upside in 2018 and beyond.\n \nThanks for reading! Comments/suggestions/insights welcome!\n \nPlease follow us on:\n \nTwitter: @blockchainblitz\nIPBC (bit.tube): @blockchainblitz\nMedium: @blockchainblitz\nReddit: @blockchainblitz\nYouTube: @blockchainblitz\nSteemIt: @blockchainblitz\n \nNOTE: Currently, due to uncertainty around securities law, residents of the following countries are not eligible to join the GBX platform: United States of America, China, Republic of Korea, Japan, all U.N. Sanctioned Countries. However, for those countries, RKT can be purchased on Qryptos and IDEX.\n\nIf you would like to open an account on the above exchanges (all are recommended as strong exchanges) please use my referral code, as I’ve received no compensation for sharing my research.",
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}blockchainblitzpublished a new post: the-rock-token-rkt-whitepaper2018/03/20 20:50:39
blockchainblitzpublished a new post: the-rock-token-rkt-whitepaper
2018/03/20 20:50:39
| author | blockchainblitz |
| body | @@ -6330,26 +6330,24 @@ est).%0A %0A- - Currently tr @@ -6381,18 +6381,16 @@ d IDEX%0A- - Curre @@ -6440,18 +6440,16 @@ 2m RKT%0A- - Curre @@ -7671,26 +7671,24 @@ n (RKT)%0A- - Current MC: @@ -7716,26 +7716,24 @@ e: QASH%0A- - MC: $232M; A @@ -7746,34 +7746,32 @@ 40M (Jan 2018)%0A- - Coin uses: as @@ -7852,18 +7852,16 @@ %25 off)%0A- - QASH @@ -8472,18 +8472,16 @@ rs.%0A- - https:// @@ -8543,18 +8543,16 @@ 994a4 %0A- - Refer @@ -8656,18 +8656,16 @@ NB)%0A- - - Current @@ -8691,34 +8691,32 @@ .3B (Jan 2018)%0A- - Coin uses: di @@ -8843,18 +8843,16 @@ drops.%0A- - Binan @@ -8959,26 +8959,24 @@ e price%0A- - My take: Bin @@ -9270,18 +9270,16 @@ or.%0A- - I believ @@ -9406,18 +9406,16 @@ rm.%0A- - - BNB vs R @@ -9533,26 +9533,24 @@ highs.%0A- - Referral lin @@ -9624,18 +9624,16 @@ CS)%0A- - - MC: $304 @@ -9658,18 +9658,16 @@ 2018)%0A- - Coin @@ -9841,18 +9841,16 @@ tform.%0A- - My ta @@ -10004,18 +10004,16 @@ ce.%0A- - My same @@ -10095,18 +10095,16 @@ ecure.%0A- - Refer @@ -12152,18 +12152,16 @@ SKS%0A- - The GBX @@ -12321,18 +12321,16 @@ world.%0A- - There @@ -16599,92 +16599,192 @@ X.%0A%0A -Referral link for Qryptos: https://accounts.qryptos.com/sign-up?affiliate=qnPCfqpF92503 +If you would like to open an account on the above exchanges (all are recommended as strong exchanges) please use my referral code, as I%E2%80%99ve received no compensation for sharing my research. |
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| parent author | |
| parent permlink | cryptocurrency |
| permlink | the-rock-token-rkt-whitepaper |
| title | The Rock Token (RKT) Whitepaper |
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}blockchainblitzpublished a new post: the-rock-token-rkt-whitepaper2018/03/20 20:43:36
blockchainblitzpublished a new post: the-rock-token-rkt-whitepaper
2018/03/20 20:43:36
| author | blockchainblitz |
| body |  The Rock Token (RKT) Whitepaper Exchange token of the Gibraltar Blockchain Exchange (GBX) by Blockchain Blitz *Full disclosure & disclaimer: I am an investor in The Rock Token. This article shares only my observations and thoughts and, as always, I try to be as objective as possible. I am not a financial advisor. Always do your own research. Website: https://gbx.gi/ Whitepaper: https://gbx.gi/token-sales/GBX-Whitepaper.pdf SUMMARY The Gibraltar Blockchain Exchange (GBX) is the recently-launched subsidiary of Gibraltar Stock Exchange (GSX) – an EU regulated Stock Exchange. “For the first time ever, a regulated stock exchange is stepping into the blockchain space to offer much-needed guidance and standards by bridging the gap between traditional finance and next generation technology to usher in a new era of blockchain powered finance.” (GBX Website) GSX/GBX is located in Gibraltar - a British territory, although it is technically off the southern tip of Spain, in the Iberian Peninsula. Gibraltar is unique in many ways but most notably for being almost completely self-governing. Gibraltar’s status is particularly attractive to financial institutions, as Gibraltar has special tax breaks and incentives for banking and international business. They currently have the 5th most banks, per capita, in the entire world. Why is this significant? Given the concentration and specialization of financial services in one small location, one could argue that Gibraltar knows more about financial services and regulation than most geo-authorities in the world. Cryptocurrency exchange is a financial service. There are SO MANY cryptocurrency exchanges. What makes GBX unique? - As stated, this is the first time a government-regulated stock exchange is stepping into the cryptocurrency space. This cannot be overstated. This means that GBX will be light years ahead of all other crypto exchanges in so many ways – namely: CUSTOMER SERVICE (basic customer service is lacking everywhere in crypto), asset safety & security (hacking, glitches), protection from ICO fraud, protection from fraudulent coins (Ponzis, Pyramids, scams), tax reporting, fiat gateways/liquidity, access to tokenized securities, transparency, to name a few things. Most of these things are lacking for global crypto traders in EVERY exchange (except Quoine/Qryptos – I’ll touch on that later). - Token Listing Standards – they will be the “gold standard” as far as listing a coin on their exchange. The “BitConnect” coins (Ponzi Schemes) of the world will not make the cut. - ICO standardized process with due diligence. Formalized ICO due diligence is also something that is lacking with every exchange. - Tokenized Securities. (see below) Have you ever wondered why you can’t talk to anyone on the phone at your favorite exchange, to resolve an issue? Have you ever wondered why there are no Headquarters/addresses listed anywhere, and you can’t even find an office location? Doesn’t that make you uneasy? It does for me and it should for you. One reason: Accountability. If something goes wrong, do you have any recourse? GBX/GSX is in plain view for everyone to see. They are not hiding behind a curtain somewhere in the world, ready to up-and-leave with your coins if things get bad, like a hacking or a government takeover (happened in China and Japan and will be happening all over the world this year). The Rock Token is a utility token and “currency of choice’ for operating within the GBX platform, which is expected to go live in April. There are SO MANY exchange tokens. What makes The Rock token unique? That’s where things get exciting. We have discussed how regulated exchanges are the legitimacy the industry needs. The Rock Token actually has more utility than any other exchange token out there to my knowledge. Utility equals demand, plain and simple. And demand equals a higher and higher price. USE CASES/ UTILITY FOR THE COIN - Listing Fees – to list your coin on GBX, you will need to pay in RKT - Trading Fees – RKT can be used for discounted trading fees on GBX - Sponsor admission – for ICOs to issue on their platform, they must go through a due diligence process performed by their GBX assigned Sponsor. Sponsors will need to purchase RKT to participate and “RKT will be the only accepted means of payment for Sponsor Fees.” - Sponsor/ Token Issuer staking: “each Sponsor will stake a fixed amount of Rock Tokens (to be held in GBX escrow) for 12 months, equivalent to 0.5% of the total tokens issued through each token sale that they are sponsoring and which are admitted to trading on GBX.” - RKT holders will be allowed early admission and participation in ICO private and pre-sales on the GBX platform - RKT to be charged for corporate services (already operational) - RKT to be charged for ecosystem business solutions (already operational) - E-money institution (currency) (launching in 2018) - RKT for fund services (already operational) - RKT for priority coin listings - Voting rights on select community developments - RKT holders may be able to acquire future releases of RKT from the GBX reserve at a discount to the market rate - Additional exclusive discounts The Rock Token ICO Completed in February, the bulk (258,556,250 RKT) went to Private investors – 50% of these tokens are locked up and released monthly over 6 months. The remaining RKT that was available to the public (60m RKT) sold out in 9 seconds. There was also a bonus of 10-25% during the private sale for strategic investors. The total amount sold during the ICO was ~319m tokens at a price of $.10 USD. The total hard cap was $27M. COIN TECHNICALS The Rock Token is an ERC20 compliant token built on the Ethereum blockchain and GBX is a member of the Enterprise Ethereum Alliance. The total supply of coins is 900m. 246M are held in reserve for “further development and stability of the ecosystem.” 95m for community development, partnerships and securing liquidity. 123m for founders and staff (locked-up for 1st 6 months and then released every quarter for 3 years). 117m for early backers, partners and advisors (6-12 month vest). - Currently trading on Qryptos/ Quoine and IDEX - Current circulating supply, verified by GBX= ~342m RKT - Current MC= ~$39M ($.1132 per coin on Coinmarketcap.com). TEAM / LEADERSHIP The term “all-star team” is thrown around a lot in crypto. That term would be an understatement for this team. Nick Cowen (Group CEO) – head of GSX; 18 years at ING Barings as Global Head of Equities Trading. Previously Manager Director at Bear Stearns UK. https://www.linkedin.com/in/nick-cowan-00a1a439/ Philip Young (Group Marketing Director) – CFA, 20+ yrs experience in financial services, 5 yrs with GSX https://www.linkedin.com/in/philip-young-189312a4/ William Rawley (Group Legal Counsel) – Former Director at both BNP Paribas and Citibank. https://www.linkedin.com/in/william-rawley-b83b1958/ Adrian Hogg (Group CFO) – former Partner at Grant Thornton (Top 5 global accounting firm), former Controller at Bank of the East. https://www.linkedin.com/in/adrian-hogg-3561b5153/ Thoughts on Leadership: Show me another cryptocurrency exchange with this level and quality of experience. People with resumes like this do not put their names on the line for something that might not work. ROADMAP Plans for the future are outlined on the website. PEERS/ RELEVANT EXCHANGE TOKENS WITH TRUE UTILITY GBX: The Rock Token (RKT) - Current MC: ~$39M Qryptos/Quoine: QASH - MC: $232M; ATH ~$840M (Jan 2018) - Coin uses: as a payment for services on the platform, trading pairs, discounted fees (5% off) - QASH is the closest comparison to RKT. Quoine was the first fully state-regulated crypto exchange (Japan) to come on the scene. So far, I’ve been pretty impressed with them, although they do have some kinks to work out. Their most exciting offering – the “Liquid” World Book – is slated to go live in the coming weeks. I believe that Liquid is going to be the first gateway for institutional players and governments to come into cryptocurrency. I would strongly urge researching them further. I have recommended them in the past, and still do, but there is only so much time in the day to write whitepapers. - https://medium.com/@QUOINE/qash-and-the-qash-blockchain-b8fb922994a4 - Referral link: https://accounts.qryptos.com/sign-up?affiliate=qnPCfqpF92503 Binance: Binance Coin (BNB) - Current MC: ~$792M; ATH ~$2.3B (Jan 2018) - Coin uses: discounts on trading (50% off currently), voting rights, trading pairs, discounts on promotions, early access to ICOs, airdrops. - Binance will buy back and burn BNB, ultimately reducing the total in circulation and likely increasing the price - My take: Binance is currently my favorite exchange platform – although this is a fluid thing. Binance is well run, fair, more transparent than most other exchanges (although full transparency still lacking), easy to use, has great record with security, pays coin forks, and they have an ICO incubator. - I believe The Rock Token will be a better coin than BNB ultimately. It has more utility on a more trustworthy, regulated platform. - BNB vs RKT: BNB’s current market cap is roughly 30x RKT’s. And this is in a down market. It’s about 80x from all-time highs. - Referral link: https://www.binance.com/?ref=10126633 Kucoin: KuCoin Shares (KCS) - MC: $304M; ATH ~$1.8B (Jan 2018) - Coin uses: discounted trading, trading pairs, voting rights, airdrops, most importantly/ differentiator: they pay dividends to KCS holders in the form of coins on their platform. - My take: Kucoin is a great platform and currently my 2nd favorite. They’re a strong up-and-coming player and in my opinion, the biggest threat to Binance. - My same thoughts on KCS vs RKT, as far as which coin has more utility and is more secure. - Referral link: https://www.kucoin.com/#/?r=1sbN7 Thoughts on these Exchanges and their Exchange Tokens: These are the top comparisons to RKT in my opinion. Yes, there are other exchange coins out there, but I don’t believe any others to be in the same league at this point in time. QASH would be the best comparison to RKT, although I believe RKT has more utility than QASH. However, QASH’s “Liquid” is going to open a floodgate of new money coming into crypto, so the QASH coin will always be in demand for the years that follow. RKT doesn’t have the Liquid World Book but they will be providing Tokenized Securities – which gives them their unique advantage and also opens the floodgates for additional capital. The regulated ICO platform that GBX/RKT will offer also makes them particularly appealing. This is the direction the market is heading in. Even without Liquid and without Tokenized Securities/ICO due diligence, these coins would be good speculative investments simply due to their promise of stability and asset security. But both of these platforms offer additional features that positions them to capture the “big money” when it comes (I think it will truly start in the 2nd half of 2018). The only of the peer exchange tokens above that is regulated is Qryptos/QASH. I believe that eventually all non-regulated exchanges will be removed from the “big player” equation. So, either they get regulated or they will lose their market share. When mass adoption comes, experienced and conservative investors will require security, safety, accountability and transparency with their investment capital. When regulation gets fully implemented, the only exchanges left who are unregulated will be the “dark alley” exchanges where you can trade at your own risk, and OTC (Over the Counter) exchanges where you can trade P2P (also with a high degree of risk). Flash forward 1 year: I believe that GBX/RKT will be the preferred exchange for Western investors and that Qryptos/QASH will be preferred for the East. RISKS - The GBX exchange is expected to go by April. Risks would include working out the kinks and bugs for a new exchange and their ability to adapt to the blockchain world. - There is a chance their application for regulatory approval will be denied. I would say that is unlikely. If it was another exchange, without their history as a Stock Exchange and without their connections, I’d say there is a significant risk there. However, these are not the type of people who put time and money into something if there are relative uncertainties. FINAL THOUGHTS Regulation for cryptocurrency exchanges is coming. Typically, the United States leads the way when it comes to regulation, and the world follows. The United States SEC Chairman recently stated: "I believe every ICO I've seen is a security.” The US Financial Crimes Enforcement Network (FinCEN) published a letter recently that indicates they seek to regulate ICOs. Dozens of subpoenas were issued to US funds and companies who have issued ICOs. They wrote: "a developer that sells convertible virtual currency, including in the form of ICO coins or tokens, in exchange for another type of value that substitutes for currency is a money transmitter and must comply with AML/CFT requirements. An exchange that sells ICO coins or tokens, or exchanges them for other virtual currency, fiat currency, or other value that substitutes for currency, would typically also be a money transmitter." This means that both cryptocurrencies AND exchanges will be required to register as “a money transmitter” and comply with Anti-Money Laundering (AML) and Know-Your-Customer (KYC) standards. Regulation is coming, friends, and it will be here in 2018. We are already seeing ICOs that are only taking Private Placement money. Soon, all ICOs will be “private only” and not open to public fundraising, for fear of regulatory reprisal. In addition to the above points, the thing that really excites me about GBX and The Rock Token is the fact that they will be the first to issue “tokenized securities.” To be a successful crypto investor, you always need to think three steps ahead. If you believe that tokenized securities are the future addition to the cryptocurrency world, as I do, GBX is the best positioned to capitalize as the first to act in the space. There are others with plans to enter, but GBX are already experts at equity trading and compliance unlike the others. For companies wishing to go public (through an IPO), one of the main selling points for middlemen brokerage houses is their ability to attract investors and source capital. With tokenized securities, middlemen won’t be necessary. One of the amazing attributes of crypto is that ANYONE, ANYWHERE with an internet connection can purchase it. This opens up an IPO (or an ICO in lieu of an IPO) to a global audience of potential investors. Coins or Tokens, as the new preferred unit of stock, are investable and tradable to everyone, globally. Not just investors with Merrill Lynch or Schwab or ETrade or another broker. Anyone, anywhere in the world can be an investor in a project. That is revolutionary for a company seeking investors. Coins that are less about currency and more about utility are less volatile, less speculative. As far as exchange tokens go and relative to their current Market Cap of only $39M, the author believes RKT to be the lowest risk exchange token play on the market, by far. Things are still very early for GBX. We believe The Rock Token value will increase as they start to onboard new coins to their platform. More coins = more new users = greater demand for the coin. We believe this coin to be very undervalued as of today but also that it has potential for incredibly high upside in 2018 and beyond. Thanks for reading! Comments/suggestions/insights welcome! Please follow us on: Twitter: @blockchainblitz IPBC (bit.tube): @blockchainblitz Medium: @blockchainblitz Reddit: @blockchainblitz YouTube: @blockchainblitz SteemIt: @blockchainblitz NOTE: Currently, due to uncertainty around securities law, residents of the following countries are not eligible to join the GBX platform: United States of America, China, Republic of Korea, Japan, all U.N. Sanctioned Countries. However, for those countries, RKT can be purchased on Qryptos and IDEX. Referral link for Qryptos: https://accounts.qryptos.com/sign-up?affiliate=qnPCfqpF92503 |
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| parent author | |
| parent permlink | cryptocurrency |
| permlink | the-rock-token-rkt-whitepaper |
| title | The Rock Token (RKT) Whitepaper |
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"body": "\n\nThe Rock Token (RKT) Whitepaper\nExchange token of the Gibraltar Blockchain Exchange (GBX)\nby Blockchain Blitz\n \n*Full disclosure & disclaimer: I am an investor in The Rock Token. This article shares only my observations and thoughts and, as always, I try to be as objective as possible. I am not a financial advisor. Always do your own research. \n \nWebsite: https://gbx.gi/\nWhitepaper: https://gbx.gi/token-sales/GBX-Whitepaper.pdf\n \nSUMMARY\nThe Gibraltar Blockchain Exchange (GBX) is the recently-launched subsidiary of Gibraltar Stock Exchange (GSX) – an EU regulated Stock Exchange. “For the first time ever, a regulated stock exchange is stepping into the blockchain space to offer much-needed guidance and standards by bridging the gap between traditional finance and next generation technology to usher in a new era of blockchain powered finance.” (GBX Website)\n \nGSX/GBX is located in Gibraltar - a British territory, although it is technically off the southern tip of Spain, in the Iberian Peninsula. Gibraltar is unique in many ways but most notably for being almost completely self-governing. Gibraltar’s status is particularly attractive to financial institutions, as Gibraltar has special tax breaks and incentives for banking and international business. They currently have the 5th most banks, per capita, in the entire world. \n \nWhy is this significant? \nGiven the concentration and specialization of financial services in one small location, one could argue that Gibraltar knows more about financial services and regulation than most geo-authorities in the world. Cryptocurrency exchange is a financial service.\n \nThere are SO MANY cryptocurrency exchanges. What makes GBX unique?\n- As stated, this is the first time a government-regulated stock exchange is stepping into the cryptocurrency space. This cannot be overstated. This means that GBX will be light years ahead of all other crypto exchanges in so many ways – namely: CUSTOMER SERVICE (basic customer service is lacking everywhere in crypto), asset safety & security (hacking, glitches), protection from ICO fraud, protection from fraudulent coins (Ponzis, Pyramids, scams), tax reporting, fiat gateways/liquidity, access to tokenized securities, transparency, to name a few things. Most of these things are lacking for global crypto traders in EVERY exchange (except Quoine/Qryptos – I’ll touch on that later).\n- Token Listing Standards – they will be the “gold standard” as far as listing a coin on their exchange. The “BitConnect” coins (Ponzi Schemes) of the world will not make the cut.\n- ICO standardized process with due diligence. Formalized ICO due diligence is also something that is lacking with every exchange.\n- Tokenized Securities. (see below)\n \nHave you ever wondered why you can’t talk to anyone on the phone at your favorite exchange, to resolve an issue? Have you ever wondered why there are no Headquarters/addresses listed anywhere, and you can’t even find an office location? \nDoesn’t that make you uneasy? It does for me and it should for you. One reason: Accountability. If something goes wrong, do you have any recourse? GBX/GSX is in plain view for everyone to see. They are not hiding behind a curtain somewhere in the world, ready to up-and-leave with your coins if things get bad, like a hacking or a government takeover (happened in China and Japan and will be happening all over the world this year). \n \nThe Rock Token is a utility token and “currency of choice’ for operating within the GBX platform, which is expected to go live in April.\n \nThere are SO MANY exchange tokens. What makes The Rock token unique?\nThat’s where things get exciting. We have discussed how regulated exchanges are the legitimacy the industry needs. The Rock Token actually has more utility than any other exchange token out there to my knowledge. Utility equals demand, plain and simple. And demand equals a higher and higher price.\n \nUSE CASES/ UTILITY FOR THE COIN\n- Listing Fees – to list your coin on GBX, you will need to pay in RKT\n- Trading Fees – RKT can be used for discounted trading fees on GBX\n- Sponsor admission – for ICOs to issue on their platform, they must go through a due diligence process performed by their GBX assigned Sponsor. Sponsors will need to purchase RKT to participate and “RKT will be the only accepted means of payment for Sponsor Fees.”\n- Sponsor/ Token Issuer staking: “each Sponsor will stake a fixed amount of Rock Tokens (to be held in GBX escrow) for 12 months, equivalent to 0.5% of the total tokens issued through each token sale that they are sponsoring and which are admitted to trading on GBX.”\n- RKT holders will be allowed early admission and participation in ICO private and pre-sales on the GBX platform\n- RKT to be charged for corporate services (already operational)\n- RKT to be charged for ecosystem business solutions (already operational)\n- E-money institution (currency) (launching in 2018)\n- RKT for fund services (already operational)\n- RKT for priority coin listings\n- Voting rights on select community developments\n- RKT holders may be able to acquire future releases of RKT from the GBX reserve at a discount to the market rate\n- Additional exclusive discounts\n \nThe Rock Token ICO\nCompleted in February, the bulk (258,556,250 RKT) went to Private investors – 50% of these tokens are locked up and released monthly over 6 months. The remaining RKT that was available to the public (60m RKT) sold out in 9 seconds. There was also a bonus of 10-25% during the private sale for strategic investors.\n \nThe total amount sold during the ICO was ~319m tokens at a price of $.10 USD. The total hard cap was $27M. \n \nCOIN TECHNICALS\nThe Rock Token is an ERC20 compliant token built on the Ethereum blockchain and GBX is a member of the Enterprise Ethereum Alliance. The total supply of coins is 900m. 246M are held in reserve for “further development and stability of the ecosystem.” 95m for community development, partnerships and securing liquidity. 123m for founders and staff (locked-up for 1st 6 months and then released every quarter for 3 years). 117m for early backers, partners and advisors (6-12 month vest).\n \n- Currently trading on Qryptos/ Quoine and IDEX\n- Current circulating supply, verified by GBX= ~342m RKT\n- Current MC= ~$39M ($.1132 per coin on Coinmarketcap.com).\n \nTEAM / LEADERSHIP\nThe term “all-star team” is thrown around a lot in crypto. That term would be an understatement for this team.\n \nNick Cowen (Group CEO) – head of GSX; 18 years at ING Barings as Global Head of Equities Trading. Previously Manager Director at Bear Stearns UK. https://www.linkedin.com/in/nick-cowan-00a1a439/\n \nPhilip Young (Group Marketing Director) – CFA, 20+ yrs experience in financial services, 5 yrs with GSX\nhttps://www.linkedin.com/in/philip-young-189312a4/\n \nWilliam Rawley (Group Legal Counsel) – Former Director at both BNP Paribas and Citibank. \nhttps://www.linkedin.com/in/william-rawley-b83b1958/ \n \nAdrian Hogg (Group CFO) – former Partner at Grant Thornton (Top 5 global accounting firm), former Controller at Bank of the East. https://www.linkedin.com/in/adrian-hogg-3561b5153/ \n \nThoughts on Leadership:\nShow me another cryptocurrency exchange with this level and quality of experience. People with resumes like this do not put their names on the line for something that might not work. \n \nROADMAP\nPlans for the future are outlined on the website.\n \nPEERS/ RELEVANT EXCHANGE TOKENS WITH TRUE UTILITY\nGBX: The Rock Token (RKT)\n- Current MC: ~$39M\n \nQryptos/Quoine: QASH\n- MC: $232M; ATH ~$840M (Jan 2018)\n- Coin uses: as a payment for services on the platform, trading pairs, discounted fees (5% off)\n- QASH is the closest comparison to RKT. Quoine was the first fully state-regulated crypto exchange (Japan) to come on the scene. So far, I’ve been pretty impressed with them, although they do have some kinks to work out. Their most exciting offering – the “Liquid” World Book – is slated to go live in the coming weeks. I believe that Liquid is going to be the first gateway for institutional players and governments to come into cryptocurrency. I would strongly urge researching them further. I have recommended them in the past, and still do, but there is only so much time in the day to write whitepapers.\n- https://medium.com/@QUOINE/qash-and-the-qash-blockchain-b8fb922994a4 \n- Referral link: https://accounts.qryptos.com/sign-up?affiliate=qnPCfqpF92503\n \nBinance: Binance Coin (BNB)\n- Current MC: ~$792M; ATH ~$2.3B (Jan 2018)\n- Coin uses: discounts on trading (50% off currently), voting rights, trading pairs, discounts on promotions, early access to ICOs, airdrops.\n- Binance will buy back and burn BNB, ultimately reducing the total in circulation and likely increasing the price\n- My take: Binance is currently my favorite exchange platform – although this is a fluid thing. Binance is well run, fair, more transparent than most other exchanges (although full transparency still lacking), easy to use, has great record with security, pays coin forks, and they have an ICO incubator.\n- I believe The Rock Token will be a better coin than BNB ultimately. It has more utility on a more trustworthy, regulated platform.\n- BNB vs RKT: BNB’s current market cap is roughly 30x RKT’s. And this is in a down market. It’s about 80x from all-time highs.\n- Referral link: https://www.binance.com/?ref=10126633\n \nKucoin: KuCoin Shares (KCS)\n- MC: $304M; ATH ~$1.8B (Jan 2018)\n- Coin uses: discounted trading, trading pairs, voting rights, airdrops, most importantly/ differentiator: they pay dividends to KCS holders in the form of coins on their platform.\n- My take: Kucoin is a great platform and currently my 2nd favorite. They’re a strong up-and-coming player and in my opinion, the biggest threat to Binance.\n- My same thoughts on KCS vs RKT, as far as which coin has more utility and is more secure.\n- Referral link: https://www.kucoin.com/#/?r=1sbN7 \n \nThoughts on these Exchanges and their Exchange Tokens:\nThese are the top comparisons to RKT in my opinion. Yes, there are other exchange coins out there, but I don’t believe any others to be in the same league at this point in time.\n \nQASH would be the best comparison to RKT, although I believe RKT has more utility than QASH. However, QASH’s “Liquid” is going to open a floodgate of new money coming into crypto, so the QASH coin will always be in demand for the years that follow. RKT doesn’t have the Liquid World Book but they will be providing Tokenized Securities – which gives them their unique advantage and also opens the floodgates for additional capital. The regulated ICO platform that GBX/RKT will offer also makes them particularly appealing. This is the direction the market is heading in. \n \nEven without Liquid and without Tokenized Securities/ICO due diligence, these coins would be good speculative investments simply due to their promise of stability and asset security. But both of these platforms offer additional features that positions them to capture the “big money” when it comes (I think it will truly start in the 2nd half of 2018).\n \nThe only of the peer exchange tokens above that is regulated is Qryptos/QASH. I believe that eventually all non-regulated exchanges will be removed from the “big player” equation. So, either they get regulated or they will lose their market share. When mass adoption comes, experienced and conservative investors will require security, safety, accountability and transparency with their investment capital. \n \nWhen regulation gets fully implemented, the only exchanges left who are unregulated will be the “dark alley” exchanges where you can trade at your own risk, and OTC (Over the Counter) exchanges where you can trade P2P (also with a high degree of risk).\n \nFlash forward 1 year: I believe that GBX/RKT will be the preferred exchange for Western investors and that Qryptos/QASH will be preferred for the East.\n \nRISKS\n- The GBX exchange is expected to go by April. Risks would include working out the kinks and bugs for a new exchange and their ability to adapt to the blockchain world.\n- There is a chance their application for regulatory approval will be denied. I would say that is unlikely. If it was another exchange, without their history as a Stock Exchange and without their connections, I’d say there is a significant risk there. However, these are not the type of people who put time and money into something if there are relative uncertainties. \n \nFINAL THOUGHTS\nRegulation for cryptocurrency exchanges is coming. Typically, the United States leads the way when it comes to regulation, and the world follows.\n \nThe United States SEC Chairman recently stated: \"I believe every ICO I've seen is a security.”\n \nThe US Financial Crimes Enforcement Network (FinCEN) published a letter recently that indicates they seek to regulate ICOs. Dozens of subpoenas were issued to US funds and companies who have issued ICOs. They wrote: \"a developer that sells convertible virtual currency, including in the form of ICO coins or tokens, in exchange for another type of value that substitutes for currency is a money transmitter and must comply with AML/CFT requirements. An exchange that sells ICO coins or tokens, or exchanges them for other virtual currency, fiat currency, or other value that substitutes for currency, would typically also be a money transmitter.\"\n \nThis means that both cryptocurrencies AND exchanges will be required to register as “a money transmitter” and comply with Anti-Money Laundering (AML) and Know-Your-Customer (KYC) standards.\n \nRegulation is coming, friends, and it will be here in 2018.\n \nWe are already seeing ICOs that are only taking Private Placement money. Soon, all ICOs will be “private only” and not open to public fundraising, for fear of regulatory reprisal.\n \nIn addition to the above points, the thing that really excites me about GBX and The Rock Token is the fact that they will be the first to issue “tokenized securities.” To be a successful crypto investor, you always need to think three steps ahead. If you believe that tokenized securities are the future addition to the cryptocurrency world, as I do, GBX is the best positioned to capitalize as the first to act in the space. There are others with plans to enter, but GBX are already experts at equity trading and compliance unlike the others. For companies wishing to go public (through an IPO), one of the main selling points for middlemen brokerage houses is their ability to attract investors and source capital. With tokenized securities, middlemen won’t be necessary. One of the amazing attributes of crypto is that ANYONE, ANYWHERE with an internet connection can purchase it. This opens up an IPO (or an ICO in lieu of an IPO) to a global audience of potential investors. Coins or Tokens, as the new preferred unit of stock, are investable and tradable to everyone, globally. Not just investors with Merrill Lynch or Schwab or ETrade or another broker. Anyone, anywhere in the world can be an investor in a project. That is revolutionary for a company seeking investors.\n \nCoins that are less about currency and more about utility are less volatile, less speculative.\n \nAs far as exchange tokens go and relative to their current Market Cap of only $39M, the author believes RKT to be the lowest risk exchange token play on the market, by far.\n \nThings are still very early for GBX. We believe The Rock Token value will increase as they start to onboard new coins to their platform. More coins = more new users = greater demand for the coin. \n \nWe believe this coin to be very undervalued as of today but also that it has potential for incredibly high upside in 2018 and beyond.\n \nThanks for reading! Comments/suggestions/insights welcome!\n \nPlease follow us on:\n \nTwitter: @blockchainblitz\nIPBC (bit.tube): @blockchainblitz\nMedium: @blockchainblitz\nReddit: @blockchainblitz\nYouTube: @blockchainblitz\nSteemIt: @blockchainblitz\n \nNOTE: Currently, due to uncertainty around securities law, residents of the following countries are not eligible to join the GBX platform: United States of America, China, Republic of Korea, Japan, all U.N. Sanctioned Countries. However, for those countries, RKT can be purchased on Qryptos and IDEX.\n\nReferral link for Qryptos: https://accounts.qryptos.com/sign-up?affiliate=qnPCfqpF92503",
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2018/03/01 23:53:21
| author | blockchainblitz |
| body | hey guys- big fan. u should look into IPBC.io for broadcasting. their platform pays you in crypto. viewers who watch your videos do a small amount of CPU mining of the IPBC coin - and that coin goes to you. No ads. Paid in crypto objectively, per viewer. Not subjective, like upvotes on Steem or Flixxo or LBC or Viuly. Just sharing the love :) |
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}blockchainblitzpublished a new post: interplanetary-broadcast-coin-ipbc-review-and-analysis2018/03/01 02:33:39
blockchainblitzpublished a new post: interplanetary-broadcast-coin-ipbc-review-and-analysis
2018/03/01 02:33:39
| author | blockchainblitz |
| body | @@ -15254,16 +15254,8 @@ e!%0A%0A -Brent%0A %0A Plea |
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blockchainblitzpublished a new post: cc4gv-interplanetary-broadcast-coin-ipbc-review-and-analysis
2018/03/01 02:32:57
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2018/03/01 02:03:33
| author | coin.info |
| body | **Coins mentioned in post:** Coin | | Price (USD) | 📉 24h | 📉 7d - | - | - | - | - **ETN** | Electroneum | 0.070$ | _-10.86%_ | _-12.32%_ **FLIXX** | Flixxo | 0.115$ | _-8.1%_ | _-14.81%_ **LBC** | LBRY Credits | 0.403$ | _5.46%_ | _20.22%_ **PRL** | Oyster | 1.407$ | _0.62%_ | _-6.78%_ **STEEM** | Steem | 3.278$ | _-6.01%_ | _-14.21%_ |
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2018/03/01 01:46:09
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2018/03/01 01:46:03
| author | paulmoon410 |
| body | I dont have the finances to stretch out onto any more exchanges currently. I´ll for sure keep checking in right now. Im onto BitBean right now... thats my little project, lol. Well either way, Im going to follow to see what youre doing and may be I can get on some of it. |
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2018/03/01 01:43:36
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2018/03/01 01:43:33
| author | coin.info |
| body | **Coins mentioned in post:** Coin | | Price (USD) | 📉 24h | 📉 7d - | - | - | - | - **ETN** | Electroneum | 0.070$ | _-10.7%_ | _-12.19%_ **FLIXX** | Flixxo | 0.117$ | _-6.06%_ | _-13.07%_ **LBC** | LBRY Credits | 0.394$ | _2.89%_ | _17.71%_ **PRL** | Oyster | 1.396$ | _-0.24%_ | _-7.54%_ **STEEM** | Steem | 3.278$ | _-6.01%_ | _-14.27%_ |
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| body | Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in: https://medium.com/@blockchainblitz/interplanetary-broadcast-coin-ipbc-review-analysis-197e66d3b301 |
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}blockchainblitzpublished a new post: cc4gv-interplanetary-broadcast-coin-ipbc-review-and-analysis2018/03/01 01:42:42
blockchainblitzpublished a new post: cc4gv-interplanetary-broadcast-coin-ipbc-review-and-analysis
2018/03/01 01:42:42
| author | blockchainblitz |
| body |  *Full disclosure & disclaimer: I am an investor in this project. I have been in close contact with IPBC leadership for a few weeks and I purchased my first IPBC coins recently. This article shares only my observations and thoughts and, as always, I tried to be as objective as possible when compiling this. I am not a financial advisor. These are my opinions only. Always do your own research. Website: https://ipbc.io/ Whitepaper: https://ipbc.io/whitepaper.pdf SUMMARY Interplanetary Broadcast Coin (IPBC) is a blockchain-based, decentralized media streaming project that has been in development for over a year (Alpha: Feb 2017, Beta: Feb 2018). They are self-funded, did not do an ICO raise, and did no pre-mine. They are a project that is very unique to the cryptocurrency world, and what they are doing has not been done before. IPBC is based in Tenerife, Spain – a tech-friendly island, Spanish territory, and part of the Canary Islands. They are the latest project of the team behind Devcups, a successful software development company focused on the legal industry. The team is 22+ with 4 new hires starting in the coming weeks and another 6 hires budgeted for. Video content management and distribution is not new to the blockchain space (see competitors below). However, to my knowledge this is the first time it has been done completely ad-free, with the content creators being paid by the users through a built in CPU mining program. The user/viewer essentially loans a small amount of CPU power while viewing the media. This power is used to mine the IPBC coin, which in turn is paid to the content creator. IPBC products already live and functioning: IPBC Platform – the portal for all services full responsive for all devices. IPBC Broadcast – the streaming platform for gaming and entertainment. IPBC Live Stream – the live streaming platform for the user IPBC TV – the streaming channel for TV stations. IPBC Education – the streaming channel for schools, universities and training. IPBC Video – the video portal with a rewarding system. IPBC Upload – the interface to the IPFS network. IPBC Remote control – the browser based remote control system. IPBC Blockchain – the underlying technology behind the systems. IPBC Coin – the new IPBC cryptocurrency to run the reward system. IPBC Pool – the cryptocurrency management system. IPBC Mining – the player based media mining technology and the stand alone miner*. IPBC Blockchain explorer – for verifying payments and examining the blockchain. IPBC Offline GUI Wallet – for managing the wallet. *Beta Broadcasting is decentralized through a P2P network (IPFS Protocol) Revenue: 90% of the video mining revenue goes to the publishers/users of the platform. IPBC.io receives only 10% of mining as revenue (there was no pre-mine). Compare this 90/10 revenue sharing model to YouTube. TECHNICALS IPBC is built on the CryptoNote code. “CryptoNote is the technology that allows the creation of completely anonymous egalitarian cryptocurrencies” (https://cryptonote.org/inside). CryptoNote is focused on anonymity and security and is based on Proof of Work, making it suitable for CPU mining, which is essential for the IPBC platform to work. CryptoNote is the same code used by the popular cryptocurrency Electroneum ($ETN) (~$525m MC), who is developing the first mobile-mining cryptocurrency. Leadership at IPBC has stated that ultimately, they plan to make IPBC into a hybrid coin that also supports POS. The plan is to allow mobile devices to use POS minting, instead of battery-draining POW mining. This will take some time. For now, it is limited to GPU and CPU Proof-of-Work (CPU mining tested and verified by this author). No pre-mine, no ICO They are currently achieving about 2,000 transactions per second. Circulating supply: roughly 23m IPBC Target supply by e/o 2018: roughly 100m IPBC Total fixed supply: 1b IPBC (by the year 2050 approximately) USE CASES FOR THE COIN As a currency IPBC as fuel for advanced features of the IPBC.io ecosystem (to be implemented in 2018) TEAM / LEADERSHIP https://www.linkedin.com/company/ipbc-io/ Saber Maram (CEO) – a developer and entrepreneur, he has a background in building successful tech ventures from the ground up. Kai-Uwe Schnier (CFO) – a seasoned tech entrepreneur, he built and sold a German ISP company in the mid-late 90’s as well as partnered with Saber on building Devcups and IPBC. This is clearly someone who likes to be on the cutting edge. He has a background in IT, finance, HR, business development and leadership. https://www.linkedin.com/in/kai-uwe-schnier/ Paul Camacho (CTO) – 30+ years’ experience in IT and a cryptocurrency/blockchain developer and “evangelist”, worked with Maram and Schnier previously. Joni Kautto (CMO) – online marketing expert and entrepreneur from Finland, specializing in ecommerce and SEO. https://www.linkedin.com/in/jonikautto/ Thoughts on leadership: I believe this team has a nice balance of: tech/dev experience, seasoned leadership, entrepreneurship and the ability to scale. ROADMAP Plans for development are listed on their roadmap on the website and the whitepaper. I’m told that the primary focus for the project in 2018 will be on user acquisition. PEERS/ COMPETITION COMPARISON IPBC Current MC: ~$1.4m (700 sats/ per coin); ~23M coins in circulation Viuly ($VIU) Current MC: ~$15m; ATH: ~$54m (Jan 2018) Airdrop of initial coins Viuly is a blockchain-based, decentralized video management service. Alpha was Q3 2017, Beta Jan 2018 Viewers are rewarded in VIU coin for viewing advertisements or regular videos with ads in them. Creators are paid by charging VIU to viewers. It’s an interesting system but dependant upon ads for revenue. Flixxo ($FLIXX) Current MC: ~$11m; ATH: ~$68m (Jan 2018) ICO for crowdfunding Decentralized video distribution network still in Alpha demo version (Beta rumor is May 2018) Also advertiser-focused for revenue Monetization based on “likes” LBRY Credits ($LBC) Current MC: ~$51m; ATH: $169m (Jan 2018) No ICO but pre-mined by the company; PoW Decentralized video distribution network similar to Flixxo and Viuly but without ads. No ads, which is great, but they’re lacking a novel payment system at this point. If creators want to be paid, they charge LBC coins. Viewers have no way to get LBC coins but to buy them on an exchange, convert/sell other assets for them, earn them through referrals or bounties, or to mine them using a GPU rig. From their website: “we don't see CPU mining as economically viable at this point.” *Of these video-focused projects - the closest comparisons to IPBC’s platform - I believe IPBC to be superior. They’re the only one with BOTH a lack of ads and a unique, burdenless payment mechanism to the viewer. Steem (DTube) ($STEEM) Current MC: $992m; ATH: ~$1.8b (Jan 2018) Steem is a decentralized multimedia content management platform and social network, including DTube - their streaming video service without ads. Steem is a very interesting project, also currently in Beta, but is a difficult comparison due to their multimedia scope. Probably IPBC’s most legitimate video competition, due to lack of ads and a novel payment system. Admittedly, I don’t know enough about Steem, as I just started using their platform. Steem’s tokens (it’s a little confusing, there are 3 kinds) seem to drive usage of the platform, in addition to having a payment function. So, content creators are essentially paid via upvoting by the viewers. In an egalitarian world, this upvoting would be shared fairly amongst content providers – as each upvote carries some weight of value (cryptocurrency) depending on your stake. However, from what I’m seeing it doesn’t always work that way and users can decide who to upvote based on selfish reasons or greed….including upvoting yourself or making a pact with another person to just upvote each other. The success of this platform seems to depend on the voluntary redistribution of wealth. I’m sadly pessimistic of that idea succeeding in the long run, given what I know of human nature. But of course, I could be wrong. I think this same issue may exist when Flixxo goes live, with their monetization of “likes.” Key differences: IPBC is ad free. First video content platform to embed mining into their viewer as a means of payment (objective, unbiased payment). CPU mining also possible for the individual, to increase their IPBC coin holdings. Mobile mining likely to come in the future. Monetization of website traffic possible by the client embedding the IPBC player. There are entire cryptocurrency projects based around just this idea (monetization of website traffic). None have done it like this to my knowledge (see below). IPBC had no ICO (self-funded) and no pre-mine (read: no greed and financially secure). IPBC is only focused on video for now, where Steem has many different irons in the fire (blogging, video, social, even a coin creation mechanism). Steem is a very interesting and exciting project but they are a bit too different to compare. And as far as video platforms go, I would bet on the project that is mastering one thing first, rather than going after a bunch of things at once. I also don’t think a utopian payment system will ultimately work when it boils down to human nature. But again, that’s just the cynic in me. IPBC RISKS From the WP: Lack of capital: To build worldwide marketing IPBC needs funding. Reputation: IPBC had no time to build up a reputation. New: No brand visibility today. Competition: Other players might come with similar technology. My take on risks: · Viewers may not want to click "I agree to share a small part of my unused power while watching this video." · Team has limited experience with video as media. Their vision comes from being leadership who refuse to share their website visitors with advertisers. · Isolation: while I believe their location on Tenerife Island to be a special draw for tech friendly talent, it may also limit their ability to make new hires and engage their product with the rest of the world. · Whether or not content creators feel they are being adequately compensated will depend on both the hash rates for mining, electricity costs, the block rewards and the value of IPBC coin on the open market. If the market does not value the coin higher than the cost to mine it, GPU miners will go elsewhere and so will content creators. · This is project is a BIG idea. It will take a lot to be able to execute on it. But the good news is they are already halfway there. TAKEAWAYS / FINAL THOUGHTS YouTube/ online video distribution is at a bit of a crossroads (as are so many other industries that blockchain could disrupt). Top content creators are starting to explore other platforms due to a perceived lack of fair revenue split. Some are also being censored or just outright banned. Most are not protected from copyright infringement. Couple this with advertisers being squeezed over pricing, ad-blockers and bot traffic, and it could be time for a major overhaul to online video distribution. Blockchain for digital media content is one answer to that crisis. There have been previous movers in this space. However, IPBC is doing it differently by removing the ad revenue entirely. This idea ALONE has the potential to be disruptive. Relative to their peers, I am more confident in a trustless, objective payment system based on viewership than one that depends on a person’s willingness to spend their limited “Likes” or their limited “Upvotes.” But the real value appeal to me is the potential for mass adoption of IPBC/IPFS platform for website traffic monetization. There have been entire crypto projects solely created to focus on this idea (Oyster $PRL is one that comes to mind - $117m MC - but also offering distributed storage). Oyster’s traffic monetization idea comes with a disclaimer to a website viewer – something like: “click here before entering our website to mine for the website owner.” I, personally, believe that to be a bit of an overreach - to be required to mine just to view a website. For instance, if I want to shop for shoes on Nike’s website, I’m already going to be spending money there and now you want me to mine for you just to enter your site? I don’t think so. That’s a No for me on principle. However, if I’m already shopping on Nike’s website and I see a cool-looking video that I want to watch, I am MUCH MORE inclined to click Yes to watch the video. That’s just me. The whole website traffic monetization through video idea seems a lot more viable, and the passive income that could be created from this for millions of different websites worldwide??? ..…..well, that’s a valuation that is simply unquantifiable. The author believes IPBC to have a much more viable chance at successfully implementing their platform/ convincing websites to use them than the aforementioned projects or any of the other website monetization or content management blockchain platforms with ads. Period. The ad-free component simply has much more appeal. Yes, it is a tiny bit invasive to technically “mine” for someone else. However, I have done it on a 4-year-old PC and did not even notice a difference when watching a video. I believe IPBC has the best viable solution to fairly compensate content creators, doing away with annoying ads, while maintaining a safe, censor-free, copyright protecting, decentralized system with no central point of control or failure. I think this could be the answer everyone has been waiting for. Brief CPU mining while viewing content is an entirely new concept, and that alone has value. The IPBC project is completely under the radar, yet totally unique. They have been quietly in development for over a year and will finally now focus outwardly, since their blockchain launch a few weeks ago. Once the crypto world figures out what this is, and the potential value of this project, I believe it will skyrocket. Overall, I’m EXTREMELY bullish on IPBC. With so many avenues for revenue growth (I haven’t even touched on the TV and Educational broadcasting options), a completely new concept, at a time when the world wants transparency, objectivity and fairness and YouTube content creators are unhappy (and people hate ads), this project has come along at the right time. Overall, I think IPBC has the potential to be a top 10 performer in crypto markets in 2018, from their current valuation. Lofty goal, I know, but this little-known project has all the pieces for serious disruption if they can execute. IPBC can currently only be purchased on Livecoin.net but other exchanges are forthcoming, as well as a CMC listing. If you’re interested in buying some, please use my referral link below, as I’ve received no compensation for sharing my research :) https://livecoin.net/?from=Livecoin-s7PkzDN5 Video interviews with IPBC leadership are forthcoming. Thanks for reading! Comments/ suggestions/ insights welcome! Brent Please follow me/us on: Twitter: @blockchainblitz Medium: @blockchainblitz IPBC: @blockchainblitz YouTube: @blockchainblitz SteemIt: @blockchainblitz Reddit: u/blockchainblitz |
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| parent author | |
| parent permlink | cryptocurrency |
| permlink | cc4gv-interplanetary-broadcast-coin-ipbc-review-and-analysis |
| title | Interplanetary Broadcast Coin (IPBC) Review & Analysis |
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"body": "\n\n*Full disclosure & disclaimer: I am an investor in this project. I have been in close contact with IPBC leadership for a few weeks and I purchased my first IPBC coins recently. This article shares only my observations and thoughts and, as always, I tried to be as objective as possible when compiling this. I am not a financial advisor. These are my opinions only. Always do your own research.\n\nWebsite: https://ipbc.io/\nWhitepaper: https://ipbc.io/whitepaper.pdf\n\nSUMMARY\nInterplanetary Broadcast Coin (IPBC) is a blockchain-based, decentralized media streaming project that has been in development for over a year (Alpha: Feb 2017, Beta: Feb 2018). They are self-funded, did not do an ICO raise, and did no pre-mine. They are a project that is very unique to the cryptocurrency world, and what they are doing has not been done before.\n\nIPBC is based in Tenerife, Spain – a tech-friendly island, Spanish territory, and part of the Canary Islands. They are the latest project of the team behind Devcups, a successful software development company focused on the legal industry. The team is 22+ with 4 new hires starting in the coming weeks and another 6 hires budgeted for.\n\nVideo content management and distribution is not new to the blockchain space (see competitors below). However, to my knowledge this is the first time it has been done completely ad-free, with the content creators being paid by the users through a built in CPU mining program. The user/viewer essentially loans a small amount of CPU power while viewing the media. This power is used to mine the IPBC coin, which in turn is paid to the content creator.\n\nIPBC products already live and functioning:\n\nIPBC Platform – the portal for all services full responsive for all devices.\nIPBC Broadcast – the streaming platform for gaming and entertainment.\nIPBC Live Stream – the live streaming platform for the user\nIPBC TV – the streaming channel for TV stations.\nIPBC Education – the streaming channel for schools, universities and training.\nIPBC Video – the video portal with a rewarding system.\nIPBC Upload – the interface to the IPFS network.\nIPBC Remote control – the browser based remote control system.\nIPBC Blockchain – the underlying technology behind the systems.\nIPBC Coin – the new IPBC cryptocurrency to run the reward system.\nIPBC Pool – the cryptocurrency management system.\nIPBC Mining – the player based media mining technology and the stand alone miner*.\nIPBC Blockchain explorer – for verifying payments and examining the blockchain.\nIPBC Offline GUI Wallet – for managing the wallet.\n*Beta\n\nBroadcasting is decentralized through a P2P network (IPFS Protocol)\nRevenue: 90% of the video mining revenue goes to the publishers/users of the platform. IPBC.io receives only 10% of mining as revenue (there was no pre-mine). Compare this 90/10 revenue sharing model to YouTube.\n\nTECHNICALS\nIPBC is built on the CryptoNote code. “CryptoNote is the technology that allows the creation of completely anonymous egalitarian cryptocurrencies” (https://cryptonote.org/inside). CryptoNote is focused on anonymity and security and is based on Proof of Work, making it suitable for CPU mining, which is essential for the IPBC platform to work. CryptoNote is the same code used by the popular cryptocurrency Electroneum ($ETN) (~$525m MC), who is developing the first mobile-mining cryptocurrency. Leadership at IPBC has stated that ultimately, they plan to make IPBC into a hybrid coin that also supports POS. The plan is to allow mobile devices to use POS minting, instead of battery-draining POW mining. This will take some time. For now, it is limited to GPU and CPU Proof-of-Work (CPU mining tested and verified by this author).\n\nNo pre-mine, no ICO\nThey are currently achieving about 2,000 transactions per second.\nCirculating supply: roughly 23m IPBC\nTarget supply by e/o 2018: roughly 100m IPBC\nTotal fixed supply: 1b IPBC (by the year 2050 approximately)\n\nUSE CASES FOR THE COIN\nAs a currency\nIPBC as fuel for advanced features of the IPBC.io ecosystem (to be implemented in 2018)\n\nTEAM / LEADERSHIP\nhttps://www.linkedin.com/company/ipbc-io/\n\nSaber Maram (CEO) – a developer and entrepreneur, he has a background in building successful tech ventures from the ground up.\n\nKai-Uwe Schnier (CFO) – a seasoned tech entrepreneur, he built and sold a German ISP company in the mid-late 90’s as well as partnered with Saber on building Devcups and IPBC. This is clearly someone who likes to be on the cutting edge. He has a background in IT, finance, HR, business development and leadership.\nhttps://www.linkedin.com/in/kai-uwe-schnier/\n\nPaul Camacho (CTO) – 30+ years’ experience in IT and a cryptocurrency/blockchain developer and “evangelist”, worked with Maram and Schnier previously.\n\nJoni Kautto (CMO) – online marketing expert and entrepreneur from Finland, specializing in ecommerce and SEO.\nhttps://www.linkedin.com/in/jonikautto/\n\nThoughts on leadership: I believe this team has a nice balance of: tech/dev experience, seasoned leadership, entrepreneurship and the ability to scale.\n\nROADMAP\nPlans for development are listed on their roadmap on the website and the whitepaper. I’m told that the primary focus for the project in 2018 will be on user acquisition.\n\nPEERS/ COMPETITION COMPARISON\nIPBC\nCurrent MC: ~$1.4m (700 sats/ per coin); ~23M coins in circulation\n\nViuly ($VIU)\nCurrent MC: ~$15m; ATH: ~$54m (Jan 2018)\nAirdrop of initial coins\nViuly is a blockchain-based, decentralized video management service. Alpha was Q3 2017, Beta Jan 2018\nViewers are rewarded in VIU coin for viewing advertisements or regular videos with ads in them. Creators are paid by charging VIU to viewers. It’s an interesting system but dependant upon ads for revenue.\n\nFlixxo ($FLIXX)\nCurrent MC: ~$11m; ATH: ~$68m (Jan 2018)\nICO for crowdfunding\nDecentralized video distribution network still in Alpha demo version (Beta rumor is May 2018)\nAlso advertiser-focused for revenue\nMonetization based on “likes”\n\nLBRY Credits ($LBC)\nCurrent MC: ~$51m; ATH: $169m (Jan 2018)\nNo ICO but pre-mined by the company; PoW\nDecentralized video distribution network similar to Flixxo and Viuly but without ads.\nNo ads, which is great, but they’re lacking a novel payment system at this point. If creators want to be paid, they charge LBC coins. Viewers have no way to get LBC coins but to buy them on an exchange, convert/sell other assets for them, earn them through referrals or bounties, or to mine them using a GPU rig.\nFrom their website: “we don't see CPU mining as economically viable at this point.”\n\n*Of these video-focused projects - the closest comparisons to IPBC’s platform - I believe IPBC to be superior. They’re the only one with BOTH a lack of ads and a unique, burdenless payment mechanism to the viewer.\n\nSteem (DTube) ($STEEM)\nCurrent MC: $992m; ATH: ~$1.8b (Jan 2018)\nSteem is a decentralized multimedia content management platform and social network, including DTube - their streaming video service without ads.\nSteem is a very interesting project, also currently in Beta, but is a difficult comparison due to their multimedia scope.\nProbably IPBC’s most legitimate video competition, due to lack of ads and a novel payment system.\nAdmittedly, I don’t know enough about Steem, as I just started using their platform. Steem’s tokens (it’s a little confusing, there are 3 kinds) seem to drive usage of the platform, in addition to having a payment function. So, content creators are essentially paid via upvoting by the viewers. In an egalitarian world, this upvoting would be shared fairly amongst content providers – as each upvote carries some weight of value (cryptocurrency) depending on your stake. However, from what I’m seeing it doesn’t always work that way and users can decide who to upvote based on selfish reasons or greed….including upvoting yourself or making a pact with another person to just upvote each other.\n\nThe success of this platform seems to depend on the voluntary redistribution of wealth. I’m sadly pessimistic of that idea succeeding in the long run, given what I know of human nature. But of course, I could be wrong.\n\nI think this same issue may exist when Flixxo goes live, with their monetization of “likes.”\n\nKey differences:\nIPBC is ad free.\nFirst video content platform to embed mining into their viewer as a means of payment (objective, unbiased payment).\nCPU mining also possible for the individual, to increase their IPBC coin holdings.\nMobile mining likely to come in the future.\nMonetization of website traffic possible by the client embedding the IPBC player. There are entire cryptocurrency projects based around just this idea (monetization of website traffic). None have done it like this to my knowledge (see below).\nIPBC had no ICO (self-funded) and no pre-mine (read: no greed and financially secure).\nIPBC is only focused on video for now, where Steem has many different irons in the fire (blogging, video, social, even a coin creation mechanism). Steem is a very interesting and exciting project but they are a bit too different to compare. And as far as video platforms go, I would bet on the project that is mastering one thing first, rather than going after a bunch of things at once.\nI also don’t think a utopian payment system will ultimately work when it boils down to human nature. But again, that’s just the cynic in me.\n\nIPBC RISKS\nFrom the WP:\nLack of capital: To build worldwide marketing IPBC needs funding.\nReputation: IPBC had no time to build up a reputation.\nNew: No brand visibility today.\nCompetition: Other players might come with similar technology.\n\nMy take on risks:\n· Viewers may not want to click \"I agree to share a small part of my unused power while watching this video.\"\n· Team has limited experience with video as media. Their vision comes from being leadership who refuse to share their website visitors with advertisers.\n· Isolation: while I believe their location on Tenerife Island to be a special draw for tech friendly talent, it may also limit their ability to make new hires and engage their product with the rest of the world.\n· Whether or not content creators feel they are being adequately compensated will depend on both the hash rates for mining, electricity costs, the block rewards and the value of IPBC coin on the open market. If the market does not value the coin higher than the cost to mine it, GPU miners will go elsewhere and so will content creators.\n· This is project is a BIG idea. It will take a lot to be able to execute on it. But the good news is they are already halfway there.\n\nTAKEAWAYS / FINAL THOUGHTS\nYouTube/ online video distribution is at a bit of a crossroads (as are so many other industries that blockchain could disrupt). Top content creators are starting to explore other platforms due to a perceived lack of fair revenue split. Some are also being censored or just outright banned. Most are not protected from copyright infringement. Couple this with advertisers being squeezed over pricing, ad-blockers and bot traffic, and it could be time for a major overhaul to online video distribution.\n\nBlockchain for digital media content is one answer to that crisis. There have been previous movers in this space. However, IPBC is doing it differently by removing the ad revenue entirely. This idea ALONE has the potential to be disruptive.\n\nRelative to their peers, I am more confident in a trustless, objective payment system based on viewership than one that depends on a person’s willingness to spend their limited “Likes” or their limited “Upvotes.”\n\nBut the real value appeal to me is the potential for mass adoption of IPBC/IPFS platform for website traffic monetization. There have been entire crypto projects solely created to focus on this idea (Oyster $PRL is one that comes to mind - $117m MC - but also offering distributed storage). Oyster’s traffic monetization idea comes with a disclaimer to a website viewer – something like: “click here before entering our website to mine for the website owner.” I, personally, believe that to be a bit of an overreach - to be required to mine just to view a website. For instance, if I want to shop for shoes on Nike’s website, I’m already going to be spending money there and now you want me to mine for you just to enter your site? I don’t think so. That’s a No for me on principle. However, if I’m already shopping on Nike’s website and I see a cool-looking video that I want to watch, I am MUCH MORE inclined to click Yes to watch the video. That’s just me. The whole website traffic monetization through video idea seems a lot more viable, and the passive income that could be created from this for millions of different websites worldwide??? ..…..well, that’s a valuation that is simply unquantifiable.\n\nThe author believes IPBC to have a much more viable chance at successfully implementing their platform/ convincing websites to use them than the aforementioned projects or any of the other website monetization or content management blockchain platforms with ads. Period. The ad-free component simply has much more appeal. Yes, it is a tiny bit invasive to technically “mine” for someone else. However, I have done it on a 4-year-old PC and did not even notice a difference when watching a video. I believe IPBC has the best viable solution to fairly compensate content creators, doing away with annoying ads, while maintaining a safe, censor-free, copyright protecting, decentralized system with no central point of control or failure. I think this could be the answer everyone has been waiting for.\n\nBrief CPU mining while viewing content is an entirely new concept, and that alone has value.\n\nThe IPBC project is completely under the radar, yet totally unique. They have been quietly in development for over a year and will finally now focus outwardly, since their blockchain launch a few weeks ago. Once the crypto world figures out what this is, and the potential value of this project, I believe it will skyrocket.\n\nOverall, I’m EXTREMELY bullish on IPBC. With so many avenues for revenue growth (I haven’t even touched on the TV and Educational broadcasting options), a completely new concept, at a time when the world wants transparency, objectivity and fairness and YouTube content creators are unhappy (and people hate ads), this project has come along at the right time. Overall, I think IPBC has the potential to be a top 10 performer in crypto markets in 2018, from their current valuation. Lofty goal, I know, but this little-known project has all the pieces for serious disruption if they can execute.\n\nIPBC can currently only be purchased on Livecoin.net but other exchanges are forthcoming, as well as a CMC listing. If you’re interested in buying some, please use my referral link below, as I’ve received no compensation for sharing my research :)\n\nhttps://livecoin.net/?from=Livecoin-s7PkzDN5\n\nVideo interviews with IPBC leadership are forthcoming. Thanks for reading! Comments/ suggestions/ insights welcome!\n\nBrent\n\nPlease follow me/us on:\n\nTwitter: @blockchainblitz\nMedium: @blockchainblitz\nIPBC: @blockchainblitz\nYouTube: @blockchainblitz\nSteemIt: @blockchainblitz\nReddit: u/blockchainblitz",
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"title": "Interplanetary Broadcast Coin (IPBC) Review & Analysis"
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}blockchainblitzpublished a new post: interplanetary-broadcast-coin-ipbc-review-and-analysis2018/03/01 01:38:54
blockchainblitzpublished a new post: interplanetary-broadcast-coin-ipbc-review-and-analysis
2018/03/01 01:38:54
| author | blockchainblitz |
| body |  *Full disclosure & disclaimer: I am an investor in this project. I have been in close contact with IPBC leadership for a few weeks and I purchased my first IPBC coins recently. This article shares only my observations and thoughts and, as always, I tried to be as objective as possible when compiling this. I am not a financial advisor. These are my opinions only. Always do your own research. Website: https://ipbc.io/ Whitepaper: https://ipbc.io/whitepaper.pdf SUMMARY Interplanetary Broadcast Coin (IPBC) is a blockchain-based, decentralized media streaming project that has been in development for over a year (Alpha: Feb 2017, Beta: Feb 2018). They are self-funded, did not do an ICO raise, and did no pre-mine. They are a project that is very unique to the cryptocurrency world, and what they are doing has not been done before. IPBC is based in Tenerife, Spain – a tech-friendly island, Spanish territory, and part of the Canary Islands. They are the latest project of the team behind Devcups, a successful software development company focused on the legal industry. The team is 22+ with 4 new hires starting in the coming weeks and another 6 hires budgeted for. Video content management and distribution is not new to the blockchain space (see competitors below). However, to my knowledge this is the first time it has been done completely ad-free, with the content creators being paid by the users through a built in CPU mining program. The user/viewer essentially loans a small amount of CPU power while viewing the media. This power is used to mine the IPBC coin, which in turn is paid to the content creator. IPBC products already live and functioning: IPBC Platform – the portal for all services full responsive for all devices*. IPBC Broadcast – the streaming platform for gaming and entertainment*. IPBC Live Stream – the live streaming platform for the user IPBC TV – the streaming channel for TV stations*. IPBC Education – the streaming channel for schools, universities and training*. IPBC Video – the video portal with a rewarding system*. IPBC Upload – the interface to the IPFS network*. IPBC Remote control – the browser based remote control system. IPBC Blockchain – the underlying technology behind the systems. IPBC Coin – the new IPBC cryptocurrency to run the reward system. IPBC Pool – the cryptocurrency management system. IPBC Mining – the player based media mining technology and the stand alone miner*. IPBC Blockchain explorer – for verifying payments and examining the blockchain. IPBC Offline GUI Wallet – for managing the wallet. *Beta Broadcasting is decentralized through a P2P network (IPFS Protocol) Revenue: 90% of the video mining revenue goes to the publishers/users of the platform. IPBC.io receives only 10% of mining as revenue (there was no pre-mine). Compare this 90/10 revenue sharing model to YouTube. TECHNICALS IPBC is built on the CryptoNote code. “CryptoNote is the technology that allows the creation of completely anonymous egalitarian cryptocurrencies” (https://cryptonote.org/inside). CryptoNote is focused on anonymity and security and is based on Proof of Work, making it suitable for CPU mining, which is essential for the IPBC platform to work. CryptoNote is the same code used by the popular cryptocurrency Electroneum ($ETN) (~$525m MC), who is developing the first mobile-mining cryptocurrency. Leadership at IPBC has stated that ultimately, they plan to make IPBC into a hybrid coin that also supports POS. The plan is to allow mobile devices to use POS minting, instead of battery-draining POW mining. This will take some time. For now, it is limited to GPU and CPU Proof-of-Work (CPU mining tested and verified by this author). No pre-mine, no ICO They are currently achieving about 2,000 transactions per second. Circulating supply: roughly 23m IPBC Target supply by e/o 2018: roughly 100m IPBC Total fixed supply: 1b IPBC (by the year 2050 approximately) USE CASES FOR THE COIN As a currency IPBC as fuel for advanced features of the IPBC.io ecosystem (to be implemented in 2018) TEAM / LEADERSHIP https://www.linkedin.com/company/ipbc-io/ Saber Maram (CEO) – a developer and entrepreneur, he has a background in building successful tech ventures from the ground up. Kai-Uwe Schnier (CFO) – a seasoned tech entrepreneur, he built and sold a German ISP company in the mid-late 90’s as well as partnered with Saber on building Devcups and IPBC. This is clearly someone who likes to be on the cutting edge. He has a background in IT, finance, HR, business development and leadership. https://www.linkedin.com/in/kai-uwe-schnier/ Paul Camacho (CTO) – 30+ years’ experience in IT and a cryptocurrency/blockchain developer and “evangelist”, worked with Maram and Schnier previously. Joni Kautto (CMO) – online marketing expert and entrepreneur from Finland, specializing in ecommerce and SEO. https://www.linkedin.com/in/jonikautto/ Thoughts on leadership: I believe this team has a nice balance of: tech/dev experience, seasoned leadership, entrepreneurship and the ability to scale. ROADMAP Plans for development are listed on their roadmap on the website and the whitepaper. I’m told that the primary focus for the project in 2018 will be on user acquisition. PEERS/ COMPETITION COMPARISON IPBC Current MC: ~$1.4m (700 sats/ per coin); ~23M coins in circulation Viuly ($VIU) Current MC: ~$15m; ATH: ~$54m (Jan 2018) Airdrop of initial coins Viuly is a blockchain-based, decentralized video management service. Alpha was Q3 2017, Beta Jan 2018 Viewers are rewarded in VIU coin for viewing advertisements or regular videos with ads in them. Creators are paid by charging VIU to viewers. It’s an interesting system but dependant upon ads for revenue. Flixxo ($FLIXX) Current MC: ~$11m; ATH: ~$68m (Jan 2018) ICO for crowdfunding Decentralized video distribution network still in Alpha demo version (Beta rumor is May 2018) Also advertiser-focused for revenue Monetization based on “likes” LBRY Credits ($LBC) Current MC: ~$51m; ATH: $169m (Jan 2018) No ICO but pre-mined by the company; PoW Decentralized video distribution network similar to Flixxo and Viuly but without ads. No ads, which is great, but they’re lacking a novel payment system at this point. If creators want to be paid, they charge LBC coins. Viewers have no way to get LBC coins but to buy them on an exchange, convert/sell other assets for them, earn them through referrals or bounties, or to mine them using a GPU rig. From their website: “we don't see CPU mining as economically viable at this point.” *Of these video-focused projects - the closest comparisons to IPBC’s platform - I believe IPBC to be superior. They’re the only one with BOTH a lack of ads and a unique, burdenless payment mechanism to the viewer. Steem (DTube) ($STEEM) Current MC: $992m; ATH: ~$1.8b (Jan 2018) Steem is a decentralized multimedia content management platform and social network, including DTube - their streaming video service without ads. Steem is a very interesting project, also currently in Beta, but is a difficult comparison due to their multimedia scope. Probably IPBC’s most legitimate video competition, due to lack of ads and a novel payment system. Admittedly, I don’t know enough about Steem, as I just started using their platform. Steem’s tokens (it’s a little confusing, there are 3 kinds) seem to drive usage of the platform, in addition to having a payment function. So, content creators are essentially paid via upvoting by the viewers. In an egalitarian world, this upvoting would be shared fairly amongst content providers – as each upvote carries some weight of value (cryptocurrency) depending on your stake. However, from what I’m seeing it doesn’t always work that way and users can decide who to upvote based on selfish reasons or greed….including upvoting yourself or making a pact with another person to just upvote each other. The success of this platform seems to depend on the voluntary redistribution of wealth. I’m sadly pessimistic of that idea succeeding in the long run, given what I know of human nature. But of course, I could be wrong. I think this same issue may exist when Flixxo goes live, with their monetization of “likes.” Key differences: IPBC is ad free. First video content platform to embed mining into their viewer as a means of payment (objective, unbiased payment). CPU mining also possible for the individual, to increase their IPBC coin holdings. Mobile mining likely to come in the future. Monetization of website traffic possible by the client embedding the IPBC player. There are entire cryptocurrency projects based around just this idea (monetization of website traffic). None have done it like this to my knowledge (see below). IPBC had no ICO (self-funded) and no pre-mine (read: no greed and financially secure). IPBC is only focused on video for now, where Steem has many different irons in the fire (blogging, video, social, even a coin creation mechanism). Steem is a very interesting and exciting project but they are a bit too different to compare. And as far as video platforms go, I would bet on the project that is mastering one thing first, rather than going after a bunch of things at once. I also don’t think a utopian payment system will ultimately work when it boils down to human nature. But again, that’s just the cynic in me. IPBC RISKS From the WP: Lack of capital: To build worldwide marketing IPBC needs funding. Reputation: IPBC had no time to build up a reputation. New: No brand visibility today. Competition: Other players might come with similar technology. My take on risks: · Viewers may not want to click "I agree to share a small part of my unused power while watching this video." · Team has limited experience with video as media. Their vision comes from being leadership who refuse to share their website visitors with advertisers. · Isolation: while I believe their location on Tenerife Island to be a special draw for tech friendly talent, it may also limit their ability to make new hires and engage their product with the rest of the world. · Whether or not content creators feel they are being adequately compensated will depend on both the hash rates for mining, electricity costs, the block rewards and the value of IPBC coin on the open market. If the market does not value the coin higher than the cost to mine it, GPU miners will go elsewhere and so will content creators. · This is project is a BIG idea. It will take a lot to be able to execute on it. But the good news is they are already halfway there. TAKEAWAYS / FINAL THOUGHTS YouTube/ online video distribution is at a bit of a crossroads (as are so many other industries that blockchain could disrupt). Top content creators are starting to explore other platforms due to a perceived lack of fair revenue split. Some are also being censored or just outright banned. Most are not protected from copyright infringement. Couple this with advertisers being squeezed over pricing, ad-blockers and bot traffic, and it could be time for a major overhaul to online video distribution. Blockchain for digital media content is one answer to that crisis. There have been previous movers in this space. However, IPBC is doing it differently by removing the ad revenue entirely. This idea ALONE has the potential to be disruptive. Relative to their peers, I am more confident in a trustless, objective payment system based on viewership than one that depends on a person’s willingness to spend their limited “Likes” or their limited “Upvotes.” But the real value appeal to me is the potential for mass adoption of IPBC/IPFS platform for website traffic monetization. There have been entire crypto projects solely created to focus on this idea (Oyster $PRL is one that comes to mind - $117m MC - but also offering distributed storage). Oyster’s traffic monetization idea comes with a disclaimer to a website viewer – something like: “click here before entering our website to mine for the website owner.” I, personally, believe that to be a bit of an overreach - to be required to mine just to view a website. For instance, if I want to shop for shoes on Nike’s website, I’m already going to be spending money there and now you want me to mine for you just to enter your site? I don’t think so. That’s a No for me on principle. However, if I’m already shopping on Nike’s website and I see a cool-looking video that I want to watch, I am MUCH MORE inclined to click Yes to watch the video. That’s just me. The whole website traffic monetization through video idea seems a lot more viable, and the passive income that could be created from this for millions of different websites worldwide??? ..…..well, that’s a valuation that is simply unquantifiable. The author believes IPBC to have a much more viable chance at successfully implementing their platform/ convincing websites to use them than the aforementioned projects or any of the other website monetization or content management blockchain platforms with ads. Period. The ad-free component simply has much more appeal. Yes, it is a tiny bit invasive to technically “mine” for someone else. However, I have done it on a 4-year-old PC and did not even notice a difference when watching a video. I believe IPBC has the best viable solution to fairly compensate content creators, doing away with annoying ads, while maintaining a safe, censor-free, copyright protecting, decentralized system with no central point of control or failure. I think this could be the answer everyone has been waiting for. Brief CPU mining while viewing content is an entirely new concept, and that alone has value. The IPBC project is completely under the radar, yet totally unique. They have been quietly in development for over a year and will finally now focus outwardly, since their blockchain launch a few weeks ago. Once the crypto world figures out what this is, and the potential value of this project, I believe it will skyrocket. Overall, I’m EXTREMELY bullish on IPBC. With so many avenues for revenue growth (I haven’t even touched on the TV and Educational broadcasting options), a completely new concept, at a time when the world wants transparency, objectivity and fairness and YouTube content creators are unhappy (and people hate ads), this project has come along at the right time. Overall, I think IPBC has the potential to be a top 10 performer in crypto markets in 2018, from their current valuation. Lofty goal, I know, but this little-known project has all the pieces for serious disruption if they can execute. IPBC can currently only be purchased on Livecoin.net but other exchanges are forthcoming, as well as a CMC listing. If you’re interested in buying some, please use my referral link below, as I’ve received no compensation for sharing my research :) https://livecoin.net/?from=Livecoin-s7PkzDN5 Video interviews with IPBC leadership are forthcoming. Thanks for reading! Comments/ suggestions/ insights welcome! Brent Please follow me/us on: Twitter: @blockchainblitz Medium: @blockchainblitz IPBC: @blockchainblitz YouTube: @blockchainblitz SteemIt: @blockchainblitz Reddit: u/blockchainblitz |
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| parent author | |
| parent permlink | ipbc |
| permlink | interplanetary-broadcast-coin-ipbc-review-and-analysis |
| title | Interplanetary Broadcast Coin (IPBC) Review & Analysis |
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"body": "\n \n \n*Full disclosure & disclaimer: I am an investor in this project. I have been in close contact with IPBC leadership for a few weeks and I purchased my first IPBC coins recently. This article shares only my observations and thoughts and, as always, I tried to be as objective as possible when compiling this. I am not a financial advisor. These are my opinions only. Always do your own research. \n\nWebsite: https://ipbc.io/\nWhitepaper: https://ipbc.io/whitepaper.pdf \n \nSUMMARY\nInterplanetary Broadcast Coin (IPBC) is a blockchain-based, decentralized media streaming project that has been in development for over a year (Alpha: Feb 2017, Beta: Feb 2018). They are self-funded, did not do an ICO raise, and did no pre-mine. They are a project that is very unique to the cryptocurrency world, and what they are doing has not been done before.\n \nIPBC is based in Tenerife, Spain – a tech-friendly island, Spanish territory, and part of the Canary Islands. They are the latest project of the team behind Devcups, a successful software development company focused on the legal industry. The team is 22+ with 4 new hires starting in the coming weeks and another 6 hires budgeted for. \n \nVideo content management and distribution is not new to the blockchain space (see competitors below). However, to my knowledge this is the first time it has been done completely ad-free, with the content creators being paid by the users through a built in CPU mining program. The user/viewer essentially loans a small amount of CPU power while viewing the media. This power is used to mine the IPBC coin, which in turn is paid to the content creator. \n \nIPBC products already live and functioning:\n \nIPBC Platform – the portal for all services full responsive for all devices*.\nIPBC Broadcast – the streaming platform for gaming and entertainment*.\nIPBC Live Stream – the live streaming platform for the user\nIPBC TV – the streaming channel for TV stations*.\nIPBC Education – the streaming channel for schools, universities and training*.\nIPBC Video – the video portal with a rewarding system*.\nIPBC Upload – the interface to the IPFS network*.\nIPBC Remote control – the browser based remote control system.\nIPBC Blockchain – the underlying technology behind the systems.\nIPBC Coin – the new IPBC cryptocurrency to run the reward system.\nIPBC Pool – the cryptocurrency management system.\nIPBC Mining – the player based media mining technology and the stand alone miner*.\nIPBC Blockchain explorer – for verifying payments and examining the blockchain.\nIPBC Offline GUI Wallet – for managing the wallet.\n*Beta\n \nBroadcasting is decentralized through a P2P network (IPFS Protocol)\nRevenue: 90% of the video mining revenue goes to the publishers/users of the platform. IPBC.io receives only 10% of mining as revenue (there was no pre-mine). Compare this 90/10 revenue sharing model to YouTube.\n \nTECHNICALS\nIPBC is built on the CryptoNote code. “CryptoNote is the technology that allows the creation of completely anonymous egalitarian cryptocurrencies” (https://cryptonote.org/inside). CryptoNote is focused on anonymity and security and is based on Proof of Work, making it suitable for CPU mining, which is essential for the IPBC platform to work. CryptoNote is the same code used by the popular cryptocurrency Electroneum ($ETN) (~$525m MC), who is developing the first mobile-mining cryptocurrency. Leadership at IPBC has stated that ultimately, they plan to make IPBC into a hybrid coin that also supports POS. The plan is to allow mobile devices to use POS minting, instead of battery-draining POW mining. This will take some time. For now, it is limited to GPU and CPU Proof-of-Work (CPU mining tested and verified by this author).\n \nNo pre-mine, no ICO\nThey are currently achieving about 2,000 transactions per second.\nCirculating supply: roughly 23m IPBC\nTarget supply by e/o 2018: roughly 100m IPBC \nTotal fixed supply: 1b IPBC (by the year 2050 approximately)\n \nUSE CASES FOR THE COIN\nAs a currency\nIPBC as fuel for advanced features of the IPBC.io ecosystem (to be implemented in 2018)\n \nTEAM / LEADERSHIP\nhttps://www.linkedin.com/company/ipbc-io/ \n \nSaber Maram (CEO) – a developer and entrepreneur, he has a background in building successful tech ventures from the ground up.\n \nKai-Uwe Schnier (CFO) – a seasoned tech entrepreneur, he built and sold a German ISP company in the mid-late 90’s as well as partnered with Saber on building Devcups and IPBC. This is clearly someone who likes to be on the cutting edge. He has a background in IT, finance, HR, business development and leadership.\nhttps://www.linkedin.com/in/kai-uwe-schnier/\n \nPaul Camacho (CTO) – 30+ years’ experience in IT and a cryptocurrency/blockchain developer and “evangelist”, worked with Maram and Schnier previously.\n \nJoni Kautto (CMO) – online marketing expert and entrepreneur from Finland, specializing in ecommerce and SEO.\nhttps://www.linkedin.com/in/jonikautto/\n \nThoughts on leadership: I believe this team has a nice balance of: tech/dev experience, seasoned leadership, entrepreneurship and the ability to scale.\n \nROADMAP\nPlans for development are listed on their roadmap on the website and the whitepaper. I’m told that the primary focus for the project in 2018 will be on user acquisition.\n \nPEERS/ COMPETITION COMPARISON\nIPBC\nCurrent MC: ~$1.4m (700 sats/ per coin); ~23M coins in circulation\n \nViuly ($VIU)\nCurrent MC: ~$15m; ATH: ~$54m (Jan 2018)\nAirdrop of initial coins\nViuly is a blockchain-based, decentralized video management service. Alpha was Q3 2017, Beta Jan 2018\nViewers are rewarded in VIU coin for viewing advertisements or regular videos with ads in them. Creators are paid by charging VIU to viewers. It’s an interesting system but dependant upon ads for revenue.\n \nFlixxo ($FLIXX)\nCurrent MC: ~$11m; ATH: ~$68m (Jan 2018)\nICO for crowdfunding\nDecentralized video distribution network still in Alpha demo version (Beta rumor is May 2018)\nAlso advertiser-focused for revenue\nMonetization based on “likes”\n\nLBRY Credits ($LBC)\nCurrent MC: ~$51m; ATH: $169m (Jan 2018)\nNo ICO but pre-mined by the company; PoW\nDecentralized video distribution network similar to Flixxo and Viuly but without ads.\nNo ads, which is great, but they’re lacking a novel payment system at this point. If creators want to be paid, they charge LBC coins. Viewers have no way to get LBC coins but to buy them on an exchange, convert/sell other assets for them, earn them through referrals or bounties, or to mine them using a GPU rig.\nFrom their website: “we don't see CPU mining as economically viable at this point.”\n\n*Of these video-focused projects - the closest comparisons to IPBC’s platform - I believe IPBC to be superior. They’re the only one with BOTH a lack of ads and a unique, burdenless payment mechanism to the viewer.\n \nSteem (DTube) ($STEEM)\nCurrent MC: $992m; ATH: ~$1.8b (Jan 2018)\nSteem is a decentralized multimedia content management platform and social network, including DTube - their streaming video service without ads.\nSteem is a very interesting project, also currently in Beta, but is a difficult comparison due to their multimedia scope.\nProbably IPBC’s most legitimate video competition, due to lack of ads and a novel payment system.\nAdmittedly, I don’t know enough about Steem, as I just started using their platform. Steem’s tokens (it’s a little confusing, there are 3 kinds) seem to drive usage of the platform, in addition to having a payment function. So, content creators are essentially paid via upvoting by the viewers. In an egalitarian world, this upvoting would be shared fairly amongst content providers – as each upvote carries some weight of value (cryptocurrency) depending on your stake. However, from what I’m seeing it doesn’t always work that way and users can decide who to upvote based on selfish reasons or greed….including upvoting yourself or making a pact with another person to just upvote each other.\n\nThe success of this platform seems to depend on the voluntary redistribution of wealth. I’m sadly pessimistic of that idea succeeding in the long run, given what I know of human nature. But of course, I could be wrong.\n\nI think this same issue may exist when Flixxo goes live, with their monetization of “likes.”\n \nKey differences:\nIPBC is ad free.\nFirst video content platform to embed mining into their viewer as a means of payment (objective, unbiased payment).\nCPU mining also possible for the individual, to increase their IPBC coin holdings.\nMobile mining likely to come in the future.\nMonetization of website traffic possible by the client embedding the IPBC player. There are entire cryptocurrency projects based around just this idea (monetization of website traffic). None have done it like this to my knowledge (see below).\nIPBC had no ICO (self-funded) and no pre-mine (read: no greed and financially secure).\nIPBC is only focused on video for now, where Steem has many different irons in the fire (blogging, video, social, even a coin creation mechanism). Steem is a very interesting and exciting project but they are a bit too different to compare. And as far as video platforms go, I would bet on the project that is mastering one thing first, rather than going after a bunch of things at once. \nI also don’t think a utopian payment system will ultimately work when it boils down to human nature. But again, that’s just the cynic in me.\n \nIPBC RISKS\nFrom the WP:\nLack of capital: To build worldwide marketing IPBC needs funding.\nReputation: IPBC had no time to build up a reputation.\nNew: No brand visibility today.\nCompetition: Other players might come with similar technology.\n \nMy take on risks:\n· Viewers may not want to click \"I agree to share a small part of my unused power while watching this video.\"\n· Team has limited experience with video as media. Their vision comes from being leadership who refuse to share their website visitors with advertisers.\n· Isolation: while I believe their location on Tenerife Island to be a special draw for tech friendly talent, it may also limit their ability to make new hires and engage their product with the rest of the world.\n· Whether or not content creators feel they are being adequately compensated will depend on both the hash rates for mining, electricity costs, the block rewards and the value of IPBC coin on the open market. If the market does not value the coin higher than the cost to mine it, GPU miners will go elsewhere and so will content creators.\n· This is project is a BIG idea. It will take a lot to be able to execute on it. But the good news is they are already halfway there. \n \nTAKEAWAYS / FINAL THOUGHTS\nYouTube/ online video distribution is at a bit of a crossroads (as are so many other industries that blockchain could disrupt). Top content creators are starting to explore other platforms due to a perceived lack of fair revenue split. Some are also being censored or just outright banned. Most are not protected from copyright infringement. Couple this with advertisers being squeezed over pricing, ad-blockers and bot traffic, and it could be time for a major overhaul to online video distribution.\n \nBlockchain for digital media content is one answer to that crisis. There have been previous movers in this space. However, IPBC is doing it differently by removing the ad revenue entirely. This idea ALONE has the potential to be disruptive.\n \nRelative to their peers, I am more confident in a trustless, objective payment system based on viewership than one that depends on a person’s willingness to spend their limited “Likes” or their limited “Upvotes.”\n \nBut the real value appeal to me is the potential for mass adoption of IPBC/IPFS platform for website traffic monetization. There have been entire crypto projects solely created to focus on this idea (Oyster $PRL is one that comes to mind - $117m MC - but also offering distributed storage). Oyster’s traffic monetization idea comes with a disclaimer to a website viewer – something like: “click here before entering our website to mine for the website owner.” I, personally, believe that to be a bit of an overreach - to be required to mine just to view a website. For instance, if I want to shop for shoes on Nike’s website, I’m already going to be spending money there and now you want me to mine for you just to enter your site? I don’t think so. That’s a No for me on principle. However, if I’m already shopping on Nike’s website and I see a cool-looking video that I want to watch, I am MUCH MORE inclined to click Yes to watch the video. That’s just me. The whole website traffic monetization through video idea seems a lot more viable, and the passive income that could be created from this for millions of different websites worldwide??? ..…..well, that’s a valuation that is simply unquantifiable. \n \nThe author believes IPBC to have a much more viable chance at successfully implementing their platform/ convincing websites to use them than the aforementioned projects or any of the other website monetization or content management blockchain platforms with ads. Period. The ad-free component simply has much more appeal. Yes, it is a tiny bit invasive to technically “mine” for someone else. However, I have done it on a 4-year-old PC and did not even notice a difference when watching a video. I believe IPBC has the best viable solution to fairly compensate content creators, doing away with annoying ads, while maintaining a safe, censor-free, copyright protecting, decentralized system with no central point of control or failure. I think this could be the answer everyone has been waiting for. \n \nBrief CPU mining while viewing content is an entirely new concept, and that alone has value.\n \nThe IPBC project is completely under the radar, yet totally unique. They have been quietly in development for over a year and will finally now focus outwardly, since their blockchain launch a few weeks ago. Once the crypto world figures out what this is, and the potential value of this project, I believe it will skyrocket.\n \nOverall, I’m EXTREMELY bullish on IPBC. With so many avenues for revenue growth (I haven’t even touched on the TV and Educational broadcasting options), a completely new concept, at a time when the world wants transparency, objectivity and fairness and YouTube content creators are unhappy (and people hate ads), this project has come along at the right time. Overall, I think IPBC has the potential to be a top 10 performer in crypto markets in 2018, from their current valuation. Lofty goal, I know, but this little-known project has all the pieces for serious disruption if they can execute.\n \nIPBC can currently only be purchased on Livecoin.net but other exchanges are forthcoming, as well as a CMC listing. If you’re interested in buying some, please use my referral link below, as I’ve received no compensation for sharing my research :)\n\nhttps://livecoin.net/?from=Livecoin-s7PkzDN5\n\nVideo interviews with IPBC leadership are forthcoming. Thanks for reading! Comments/ suggestions/ insights welcome!\n\nBrent\n \nPlease follow me/us on:\n \nTwitter: @blockchainblitz\nMedium: @blockchainblitz\nIPBC: @blockchainblitz\nYouTube: @blockchainblitz\nSteemIt: @blockchainblitz\nReddit: u/blockchainblitz",
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"title": "Interplanetary Broadcast Coin (IPBC) Review & Analysis"
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}blockchainblitzpublished a new post: interplanetary-broadcast-coin-ipbc-review-and-analysis2018/03/01 01:38:00
blockchainblitzpublished a new post: interplanetary-broadcast-coin-ipbc-review-and-analysis
2018/03/01 01:38:00
| author | blockchainblitz |
| body |  *Full disclosure & disclaimer: I am an investor in this project. I have been in close contact with IPBC leadership for a few weeks and I purchased my first IPBC coins recently. This article shares only my observations and thoughts and, as always, I tried to be as objective as possible when compiling this. I am not a financial advisor. These are my opinions only. Always do your own research. Website: https://ipbc.io/ Whitepaper: https://ipbc.io/whitepaper.pdf SUMMARY Interplanetary Broadcast Coin (IPBC) is a blockchain-based, decentralized media streaming project that has been in development for over a year (Alpha: Feb 2017, Beta: Feb 2018). They are self-funded, did not do an ICO raise, and did no pre-mine. They are a project that is very unique to the cryptocurrency world, and what they are doing has not been done before. IPBC is based in Tenerife, Spain – a tech-friendly island, Spanish territory, and part of the Canary Islands. They are the latest project of the team behind Devcups, a successful software development company focused on the legal industry. The team is 22+ with 4 new hires starting in the coming weeks and another 6 hires budgeted for. Video content management and distribution is not new to the blockchain space (see competitors below). However, to my knowledge this is the first time it has been done completely ad-free, with the content creators being paid by the users through a built in CPU mining program. The user/viewer essentially loans a small amount of CPU power while viewing the media. This power is used to mine the IPBC coin, which in turn is paid to the content creator. IPBC products already live and functioning: IPBC Platform – the portal for all services full responsive for all devices*. IPBC Broadcast – the streaming platform for gaming and entertainment*. IPBC Live Stream – the live streaming platform for the user IPBC TV – the streaming channel for TV stations*. IPBC Education – the streaming channel for schools, universities and training*. IPBC Video – the video portal with a rewarding system*. IPBC Upload – the interface to the IPFS network*. IPBC Remote control – the browser based remote control system. IPBC Blockchain – the underlying technology behind the systems. IPBC Coin – the new IPBC cryptocurrency to run the reward system. IPBC Pool – the cryptocurrency management system. IPBC Mining – the player based media mining technology and the stand alone miner*. IPBC Blockchain explorer – for verifying payments and examining the blockchain. IPBC Offline GUI Wallet – for managing the wallet. *Beta Broadcasting is decentralized through a P2P network (IPFS Protocol) Revenue: 90% of the video mining revenue goes to the publishers/users of the platform. IPBC.io receives only 10% of mining as revenue (there was no pre-mine). Compare this 90/10 revenue sharing model to YouTube. TECHNICALS IPBC is built on the CryptoNote code. “CryptoNote is the technology that allows the creation of completely anonymous egalitarian cryptocurrencies” (https://cryptonote.org/inside). CryptoNote is focused on anonymity and security and is based on Proof of Work, making it suitable for CPU mining, which is essential for the IPBC platform to work. CryptoNote is the same code used by the popular cryptocurrency Electroneum ($ETN) (~$525m MC), who is developing the first mobile-mining cryptocurrency. Leadership at IPBC has stated that ultimately, they plan to make IPBC into a hybrid coin that also supports POS. The plan is to allow mobile devices to use POS minting, instead of battery-draining POW mining. This will take some time. For now, it is limited to GPU and CPU Proof-of-Work (CPU mining tested and verified by this author). No pre-mine, no ICO They are currently achieving about 2,000 transactions per second. Circulating supply: roughly 23m IPBC Target supply by e/o 2018: roughly 100m IPBC Total fixed supply: 1b IPBC (by the year 2050 approximately) USE CASES FOR THE COIN As a currency IPBC as fuel for advanced features of the IPBC.io ecosystem (to be implemented in 2018) TEAM / LEADERSHIP https://www.linkedin.com/company/ipbc-io/ Saber Maram (CEO) – a developer and entrepreneur, he has a background in building successful tech ventures from the ground up. Kai-Uwe Schnier (CFO) – a seasoned tech entrepreneur, he built and sold a German ISP company in the mid-late 90’s as well as partnered with Saber on building Devcups and IPBC. This is clearly someone who likes to be on the cutting edge. He has a background in IT, finance, HR, business development and leadership. https://www.linkedin.com/in/kai-uwe-schnier/ Paul Camacho (CTO) – 30+ years’ experience in IT and a cryptocurrency/blockchain developer and “evangelist”, worked with Maram and Schnier previously. Joni Kautto (CMO) – online marketing expert and entrepreneur from Finland, specializing in ecommerce and SEO. https://www.linkedin.com/in/jonikautto/ Thoughts on leadership: I believe this team has a nice balance of: tech/dev experience, seasoned leadership, entrepreneurship and the ability to scale. ROADMAP Plans for development are listed on their roadmap on the website and the whitepaper. I’m told that the primary focus for the project in 2018 will be on user acquisition. PEERS/ COMPETITION COMPARISON IPBC Current MC: ~$1.4m (700 sats/ per coin); ~23M coins in circulation Viuly ($VIU) Current MC: ~$15m; ATH: ~$54m (Jan 2018) Airdrop of initial coins Viuly is a blockchain-based, decentralized video management service. Alpha was Q3 2017, Beta Jan 2018 Viewers are rewarded in VIU coin for viewing advertisements or regular videos with ads in them. Creators are paid by charging VIU to viewers. It’s an interesting system but dependant upon ads for revenue. Flixxo ($FLIXX) Current MC: ~$11m; ATH: ~$68m (Jan 2018) ICO for crowdfunding Decentralized video distribution network still in Alpha demo version (Beta rumor is May 2018) Also advertiser-focused for revenue Monetization based on “likes” LBRY Credits ($LBC) Current MC: ~$51m; ATH: $169m (Jan 2018) No ICO but pre-mined by the company; PoW Decentralized video distribution network similar to Flixxo and Viuly but without ads. No ads, which is great, but they’re lacking a novel payment system at this point. If creators want to be paid, they charge LBC coins. Viewers have no way to get LBC coins but to buy them on an exchange, convert/sell other assets for them, earn them through referrals or bounties, or to mine them using a GPU rig. From their website: “we don't see CPU mining as economically viable at this point.” *Of these video-focused projects - the closest comparisons to IPBC’s platform - I believe IPBC to be superior. They’re the only one with BOTH a lack of ads and a unique, burdenless payment mechanism to the viewer. Steem (DTube) ($STEEM) Current MC: $992m; ATH: ~$1.8b (Jan 2018) Steem is a decentralized multimedia content management platform and social network, including DTube - their streaming video service without ads. Steem is a very interesting project, also currently in Beta, but is a difficult comparison due to their multimedia scope. Probably IPBC’s most legitimate video competition, due to lack of ads and a novel payment system. Admittedly, I don’t know enough about Steem, as I just started using their platform. Steem’s tokens (it’s a little confusing, there are 3 kinds) seem to drive usage of the platform, in addition to having a payment function. So, content creators are essentially paid via upvoting by the viewers. In an egalitarian world, this upvoting would be shared fairly amongst content providers – as each upvote carries some weight of value (cryptocurrency) depending on your stake. However, from what I’m seeing it doesn’t always work that way and users can decide who to upvote based on selfish reasons or greed….including upvoting yourself or making a pact with another person to just upvote each other. The success of this platform seems to depend on the voluntary redistribution of wealth. I’m sadly pessimistic of that idea succeeding in the long run, given what I know of human nature. But of course, I could be wrong. I think this same issue may exist when Flixxo goes live, with their monetization of “likes.” Key differences: IPBC is ad free. First video content platform to embed mining into their viewer as a means of payment (objective, unbiased payment). CPU mining also possible for the individual, to increase their IPBC coin holdings. Mobile mining likely to come in the future. Monetization of website traffic possible by the client embedding the IPBC player. There are entire cryptocurrency projects based around just this idea (monetization of website traffic). None have done it like this to my knowledge (see below). IPBC had no ICO (self-funded) and no pre-mine (read: no greed and financially secure). IPBC is only focused on video for now, where Steem has many different irons in the fire (blogging, video, social, even a coin creation mechanism). Steem is a very interesting and exciting project but they are a bit too different to compare. And as far as video platforms go, I would bet on the project that is mastering one thing first, rather than going after a bunch of things at once. I also don’t think a utopian payment system will ultimately work when it boils down to human nature. But again, that’s just the cynic in me. IPBC RISKS From the WP: Lack of capital: To build worldwide marketing IPBC needs funding. Reputation: IPBC had no time to build up a reputation. New: No brand visibility today. Competition: Other players might come with similar technology. My take on risks: · Viewers may not want to click "I agree to share a small part of my unused power while watching this video." · Team has limited experience with video as media. Their vision comes from being leadership who refuse to share their website visitors with advertisers. · Isolation: while I believe their location on Tenerife Island to be a special draw for tech friendly talent, it may also limit their ability to make new hires and engage their product with the rest of the world. · Whether or not content creators feel they are being adequately compensated will depend on both the hash rates for mining, electricity costs, the block rewards and the value of IPBC coin on the open market. If the market does not value the coin higher than the cost to mine it, GPU miners will go elsewhere and so will content creators. · This is project is a BIG idea. It will take a lot to be able to execute on it. But the good news is they are already halfway there. TAKEAWAYS / FINAL THOUGHTS YouTube/ online video distribution is at a bit of a crossroads (as are so many other industries that blockchain could disrupt). Top content creators are starting to explore other platforms due to a perceived lack of fair revenue split. Some are also being censored or just outright banned. Most are not protected from copyright infringement. Couple this with advertisers being squeezed over pricing, ad-blockers and bot traffic, and it could be time for a major overhaul to online video distribution. Blockchain for digital media content is one answer to that crisis. There have been previous movers in this space. However, IPBC is doing it differently by removing the ad revenue entirely. This idea ALONE has the potential to be disruptive. Relative to their peers, I am more confident in a trustless, objective payment system based on viewership than one that depends on a person’s willingness to spend their limited “Likes” or their limited “Upvotes.” But the real value appeal to me is the potential for mass adoption of IPBC/IPFS platform for website traffic monetization. There have been entire crypto projects solely created to focus on this idea (Oyster $PRL is one that comes to mind - $117m MC - but also offering distributed storage). Oyster’s traffic monetization idea comes with a disclaimer to a website viewer – something like: “click here before entering our website to mine for the website owner.” I, personally, believe that to be a bit of an overreach - to be required to mine just to view a website. For instance, if I want to shop for shoes on Nike’s website, I’m already going to be spending money there and now you want me to mine for you just to enter your site? I don’t think so. That’s a No for me on principle. However, if I’m already shopping on Nike’s website and I see a cool-looking video that I want to watch, I am MUCH MORE inclined to click Yes to watch the video. That’s just me. The whole website traffic monetization through video idea seems a lot more viable, and the passive income that could be created from this for millions of different websites worldwide??? ..…..well, that’s a valuation that is simply unquantifiable. The author believes IPBC to have a much more viable chance at successfully implementing their platform/ convincing websites to use them than the aforementioned projects or any of the other website monetization or content management blockchain platforms with ads. Period. The ad-free component simply has much more appeal. Yes, it is a tiny bit invasive to technically “mine” for someone else. However, I have done it on a 4-year-old PC and did not even notice a difference when watching a video. I believe IPBC has the best viable solution to fairly compensate content creators, doing away with annoying ads, while maintaining a safe, censor-free, copyright protecting, decentralized system with no central point of control or failure. I think this could be the answer everyone has been waiting for. Brief CPU mining while viewing content is an entirely new concept, and that alone has value. The IPBC project is completely under the radar, yet totally unique. They have been quietly in development for over a year and will finally now focus outwardly, since their blockchain launch a few weeks ago. Once the crypto world figures out what this is, and the potential value of this project, I believe it will skyrocket. Overall, I’m EXTREMELY bullish on IPBC. With so many avenues for revenue growth (I haven’t even touched on the TV and Educational broadcasting options), a completely new concept, at a time when the world wants transparency, objectivity and fairness and YouTube content creators are unhappy (and people hate ads), this project has come along at the right time. Overall, I think IPBC has the potential to be a top 10 performer in crypto markets in 2018, from their current valuation. Lofty goal, I know, but this little-known project has all the pieces for serious disruption if they can execute. IPBC can currently only be purchased on Livecoin.net but other exchanges are forthcoming, as well as a CMC listing. If you’re interested in buying some, please use my referral link below, as I’ve received no compensation for sharing my research :) https://livecoin.net/?from=Livecoin-s7PkzDN5 Video interviews with IPBC leadership are forthcoming. Thanks for reading! Comments/ suggestions/ insights welcome! Brent Please follow me/us on: Twitter: @blockchainblitz Medium: @blockchainblitz IPBC: @blockchainblitz YouTube: @blockchainblitz SteemIt: @blockchainblitz Reddit: u/blockchainblitz |
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| parent author | |
| parent permlink | ipbc |
| permlink | interplanetary-broadcast-coin-ipbc-review-and-analysis |
| title | Interplanetary Broadcast Coin (IPBC) Review & Analysis |
| Transaction Info | Block #20280989/Trx 3a6b2411cfef1f4cf88ab46fe501231e9004e893 |
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"body": "\n \n \n*Full disclosure & disclaimer: I am an investor in this project. I have been in close contact with IPBC leadership for a few weeks and I purchased my first IPBC coins recently. This article shares only my observations and thoughts and, as always, I tried to be as objective as possible when compiling this. I am not a financial advisor. These are my opinions only. Always do your own research. \n\nWebsite: https://ipbc.io/\nWhitepaper: https://ipbc.io/whitepaper.pdf \n \nSUMMARY\nInterplanetary Broadcast Coin (IPBC) is a blockchain-based, decentralized media streaming project that has been in development for over a year (Alpha: Feb 2017, Beta: Feb 2018). They are self-funded, did not do an ICO raise, and did no pre-mine. They are a project that is very unique to the cryptocurrency world, and what they are doing has not been done before.\n \nIPBC is based in Tenerife, Spain – a tech-friendly island, Spanish territory, and part of the Canary Islands. They are the latest project of the team behind Devcups, a successful software development company focused on the legal industry. The team is 22+ with 4 new hires starting in the coming weeks and another 6 hires budgeted for. \n \nVideo content management and distribution is not new to the blockchain space (see competitors below). However, to my knowledge this is the first time it has been done completely ad-free, with the content creators being paid by the users through a built in CPU mining program. The user/viewer essentially loans a small amount of CPU power while viewing the media. This power is used to mine the IPBC coin, which in turn is paid to the content creator. \n \nIPBC products already live and functioning:\n \nIPBC Platform – the portal for all services full responsive for all devices*.\nIPBC Broadcast – the streaming platform for gaming and entertainment*.\nIPBC Live Stream – the live streaming platform for the user\nIPBC TV – the streaming channel for TV stations*.\nIPBC Education – the streaming channel for schools, universities and training*.\nIPBC Video – the video portal with a rewarding system*.\nIPBC Upload – the interface to the IPFS network*.\nIPBC Remote control – the browser based remote control system.\nIPBC Blockchain – the underlying technology behind the systems.\nIPBC Coin – the new IPBC cryptocurrency to run the reward system.\nIPBC Pool – the cryptocurrency management system.\nIPBC Mining – the player based media mining technology and the stand alone miner*.\nIPBC Blockchain explorer – for verifying payments and examining the blockchain.\nIPBC Offline GUI Wallet – for managing the wallet.\n*Beta\n \nBroadcasting is decentralized through a P2P network (IPFS Protocol)\nRevenue: 90% of the video mining revenue goes to the publishers/users of the platform. IPBC.io receives only 10% of mining as revenue (there was no pre-mine). Compare this 90/10 revenue sharing model to YouTube.\n \nTECHNICALS\nIPBC is built on the CryptoNote code. “CryptoNote is the technology that allows the creation of completely anonymous egalitarian cryptocurrencies” (https://cryptonote.org/inside). CryptoNote is focused on anonymity and security and is based on Proof of Work, making it suitable for CPU mining, which is essential for the IPBC platform to work. CryptoNote is the same code used by the popular cryptocurrency Electroneum ($ETN) (~$525m MC), who is developing the first mobile-mining cryptocurrency. Leadership at IPBC has stated that ultimately, they plan to make IPBC into a hybrid coin that also supports POS. The plan is to allow mobile devices to use POS minting, instead of battery-draining POW mining. This will take some time. For now, it is limited to GPU and CPU Proof-of-Work (CPU mining tested and verified by this author).\n \nNo pre-mine, no ICO\nThey are currently achieving about 2,000 transactions per second.\nCirculating supply: roughly 23m IPBC\nTarget supply by e/o 2018: roughly 100m IPBC \nTotal fixed supply: 1b IPBC (by the year 2050 approximately)\n \nUSE CASES FOR THE COIN\nAs a currency\nIPBC as fuel for advanced features of the IPBC.io ecosystem (to be implemented in 2018)\n \nTEAM / LEADERSHIP\nhttps://www.linkedin.com/company/ipbc-io/ \n \nSaber Maram (CEO) – a developer and entrepreneur, he has a background in building successful tech ventures from the ground up.\n \nKai-Uwe Schnier (CFO) – a seasoned tech entrepreneur, he built and sold a German ISP company in the mid-late 90’s as well as partnered with Saber on building Devcups and IPBC. This is clearly someone who likes to be on the cutting edge. He has a background in IT, finance, HR, business development and leadership.\nhttps://www.linkedin.com/in/kai-uwe-schnier/\n \nPaul Camacho (CTO) – 30+ years’ experience in IT and a cryptocurrency/blockchain developer and “evangelist”, worked with Maram and Schnier previously.\n \nJoni Kautto (CMO) – online marketing expert and entrepreneur from Finland, specializing in ecommerce and SEO.\nhttps://www.linkedin.com/in/jonikautto/\n \nThoughts on leadership: I believe this team has a nice balance of: tech/dev experience, seasoned leadership, entrepreneurship and the ability to scale.\n \nROADMAP\nPlans for development are listed on their roadmap on the website and the whitepaper. I’m told that the primary focus for the project in 2018 will be on user acquisition.\n \nPEERS/ COMPETITION COMPARISON\nIPBC\nCurrent MC: ~$1.4m (700 sats/ per coin); ~23M coins in circulation\n \nViuly ($VIU)\nCurrent MC: ~$15m; ATH: ~$54m (Jan 2018)\nAirdrop of initial coins\nViuly is a blockchain-based, decentralized video management service. Alpha was Q3 2017, Beta Jan 2018\nViewers are rewarded in VIU coin for viewing advertisements or regular videos with ads in them. Creators are paid by charging VIU to viewers. It’s an interesting system but dependant upon ads for revenue.\n \nFlixxo ($FLIXX)\nCurrent MC: ~$11m; ATH: ~$68m (Jan 2018)\nICO for crowdfunding\nDecentralized video distribution network still in Alpha demo version (Beta rumor is May 2018)\nAlso advertiser-focused for revenue\nMonetization based on “likes”\n\nLBRY Credits ($LBC)\nCurrent MC: ~$51m; ATH: $169m (Jan 2018)\nNo ICO but pre-mined by the company; PoW\nDecentralized video distribution network similar to Flixxo and Viuly but without ads.\nNo ads, which is great, but they’re lacking a novel payment system at this point. If creators want to be paid, they charge LBC coins. Viewers have no way to get LBC coins but to buy them on an exchange, convert/sell other assets for them, earn them through referrals or bounties, or to mine them using a GPU rig.\nFrom their website: “we don't see CPU mining as economically viable at this point.”\n\n*Of these video-focused projects - the closest comparisons to IPBC’s platform - I believe IPBC to be superior. They’re the only one with BOTH a lack of ads and a unique, burdenless payment mechanism to the viewer.\n \nSteem (DTube) ($STEEM)\nCurrent MC: $992m; ATH: ~$1.8b (Jan 2018)\nSteem is a decentralized multimedia content management platform and social network, including DTube - their streaming video service without ads.\nSteem is a very interesting project, also currently in Beta, but is a difficult comparison due to their multimedia scope.\nProbably IPBC’s most legitimate video competition, due to lack of ads and a novel payment system.\nAdmittedly, I don’t know enough about Steem, as I just started using their platform. Steem’s tokens (it’s a little confusing, there are 3 kinds) seem to drive usage of the platform, in addition to having a payment function. So, content creators are essentially paid via upvoting by the viewers. In an egalitarian world, this upvoting would be shared fairly amongst content providers – as each upvote carries some weight of value (cryptocurrency) depending on your stake. However, from what I’m seeing it doesn’t always work that way and users can decide who to upvote based on selfish reasons or greed….including upvoting yourself or making a pact with another person to just upvote each other.\n\nThe success of this platform seems to depend on the voluntary redistribution of wealth. I’m sadly pessimistic of that idea succeeding in the long run, given what I know of human nature. But of course, I could be wrong.\n\nI think this same issue may exist when Flixxo goes live, with their monetization of “likes.”\n \nKey differences:\nIPBC is ad free.\nFirst video content platform to embed mining into their viewer as a means of payment (objective, unbiased payment).\nCPU mining also possible for the individual, to increase their IPBC coin holdings.\nMobile mining likely to come in the future.\nMonetization of website traffic possible by the client embedding the IPBC player. There are entire cryptocurrency projects based around just this idea (monetization of website traffic). None have done it like this to my knowledge (see below).\nIPBC had no ICO (self-funded) and no pre-mine (read: no greed and financially secure).\nIPBC is only focused on video for now, where Steem has many different irons in the fire (blogging, video, social, even a coin creation mechanism). Steem is a very interesting and exciting project but they are a bit too different to compare. And as far as video platforms go, I would bet on the project that is mastering one thing first, rather than going after a bunch of things at once. \nI also don’t think a utopian payment system will ultimately work when it boils down to human nature. But again, that’s just the cynic in me.\n \nIPBC RISKS\nFrom the WP:\nLack of capital: To build worldwide marketing IPBC needs funding.\nReputation: IPBC had no time to build up a reputation.\nNew: No brand visibility today.\nCompetition: Other players might come with similar technology.\n \nMy take on risks:\n· Viewers may not want to click \"I agree to share a small part of my unused power while watching this video.\"\n· Team has limited experience with video as media. Their vision comes from being leadership who refuse to share their website visitors with advertisers.\n· Isolation: while I believe their location on Tenerife Island to be a special draw for tech friendly talent, it may also limit their ability to make new hires and engage their product with the rest of the world.\n· Whether or not content creators feel they are being adequately compensated will depend on both the hash rates for mining, electricity costs, the block rewards and the value of IPBC coin on the open market. If the market does not value the coin higher than the cost to mine it, GPU miners will go elsewhere and so will content creators.\n· This is project is a BIG idea. It will take a lot to be able to execute on it. But the good news is they are already halfway there. \n \nTAKEAWAYS / FINAL THOUGHTS\nYouTube/ online video distribution is at a bit of a crossroads (as are so many other industries that blockchain could disrupt). Top content creators are starting to explore other platforms due to a perceived lack of fair revenue split. Some are also being censored or just outright banned. Most are not protected from copyright infringement. Couple this with advertisers being squeezed over pricing, ad-blockers and bot traffic, and it could be time for a major overhaul to online video distribution.\n \nBlockchain for digital media content is one answer to that crisis. There have been previous movers in this space. However, IPBC is doing it differently by removing the ad revenue entirely. This idea ALONE has the potential to be disruptive.\n \nRelative to their peers, I am more confident in a trustless, objective payment system based on viewership than one that depends on a person’s willingness to spend their limited “Likes” or their limited “Upvotes.”\n \nBut the real value appeal to me is the potential for mass adoption of IPBC/IPFS platform for website traffic monetization. There have been entire crypto projects solely created to focus on this idea (Oyster $PRL is one that comes to mind - $117m MC - but also offering distributed storage). Oyster’s traffic monetization idea comes with a disclaimer to a website viewer – something like: “click here before entering our website to mine for the website owner.” I, personally, believe that to be a bit of an overreach - to be required to mine just to view a website. For instance, if I want to shop for shoes on Nike’s website, I’m already going to be spending money there and now you want me to mine for you just to enter your site? I don’t think so. That’s a No for me on principle. However, if I’m already shopping on Nike’s website and I see a cool-looking video that I want to watch, I am MUCH MORE inclined to click Yes to watch the video. That’s just me. The whole website traffic monetization through video idea seems a lot more viable, and the passive income that could be created from this for millions of different websites worldwide??? ..…..well, that’s a valuation that is simply unquantifiable. \n \nThe author believes IPBC to have a much more viable chance at successfully implementing their platform/ convincing websites to use them than the aforementioned projects or any of the other website monetization or content management blockchain platforms with ads. Period. The ad-free component simply has much more appeal. Yes, it is a tiny bit invasive to technically “mine” for someone else. However, I have done it on a 4-year-old PC and did not even notice a difference when watching a video. I believe IPBC has the best viable solution to fairly compensate content creators, doing away with annoying ads, while maintaining a safe, censor-free, copyright protecting, decentralized system with no central point of control or failure. I think this could be the answer everyone has been waiting for. \n \nBrief CPU mining while viewing content is an entirely new concept, and that alone has value.\n \nThe IPBC project is completely under the radar, yet totally unique. They have been quietly in development for over a year and will finally now focus outwardly, since their blockchain launch a few weeks ago. Once the crypto world figures out what this is, and the potential value of this project, I believe it will skyrocket.\n \nOverall, I’m EXTREMELY bullish on IPBC. With so many avenues for revenue growth (I haven’t even touched on the TV and Educational broadcasting options), a completely new concept, at a time when the world wants transparency, objectivity and fairness and YouTube content creators are unhappy (and people hate ads), this project has come along at the right time. Overall, I think IPBC has the potential to be a top 10 performer in crypto markets in 2018, from their current valuation. Lofty goal, I know, but this little-known project has all the pieces for serious disruption if they can execute.\n \nIPBC can currently only be purchased on Livecoin.net but other exchanges are forthcoming, as well as a CMC listing. If you’re interested in buying some, please use my referral link below, as I’ve received no compensation for sharing my research :)\n\nhttps://livecoin.net/?from=Livecoin-s7PkzDN5\n\nVideo interviews with IPBC leadership are forthcoming. Thanks for reading! Comments/ suggestions/ insights welcome!\n\nBrent\n \nPlease follow me/us on:\n \nTwitter: @blockchainblitz\nMedium: @blockchainblitz\nIPBC: @blockchainblitz\nYouTube: @blockchainblitz\nSteemIt: @blockchainblitz\nReddit: u/blockchainblitz",
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"title": "Interplanetary Broadcast Coin (IPBC) Review & Analysis"
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}blockchainblitzpublished a new post: interplanetary-broadcast-coin-ipbc-review-and-analysis2018/03/01 01:37:09
blockchainblitzpublished a new post: interplanetary-broadcast-coin-ipbc-review-and-analysis
2018/03/01 01:37:09
| author | blockchainblitz |
| body |  *Full disclosure & disclaimer: I am an investor in this project. I have been in close contact with IPBC leadership for a few weeks and I purchased my first IPBC coins recently. This article shares only my observations and thoughts and, as always, I tried to be as objective as possible when compiling this. I am not a financial advisor. These are my opinions only. Always do your own research. Website: https://ipbc.io/ Whitepaper: https://ipbc.io/whitepaper.pdf SUMMARY Interplanetary Broadcast Coin (IPBC) is a blockchain-based, decentralized media streaming project that has been in development for over a year (Alpha: Feb 2017, Beta: Feb 2018). They are self-funded, did not do an ICO raise, and did no pre-mine. They are a project that is very unique to the cryptocurrency world, and what they are doing has not been done before. IPBC is based in Tenerife, Spain – a tech-friendly island, Spanish territory, and part of the Canary Islands. They are the latest project of the team behind Devcups, a successful software development company focused on the legal industry. The team is 22+ with 4 new hires starting in the coming weeks and another 6 hires budgeted for. Video content management and distribution is not new to the blockchain space (see competitors below). However, to my knowledge this is the first time it has been done completely ad-free, with the content creators being paid by the users through a built in CPU mining program. The user/viewer essentially loans a small amount of CPU power while viewing the media. This power is used to mine the IPBC coin, which in turn is paid to the content creator. IPBC products already live and functioning: IPBC Platform – the portal for all services full responsive for all devices*. IPBC Broadcast – the streaming platform for gaming and entertainment*. IPBC Live Stream – the live streaming platform for the user IPBC TV – the streaming channel for TV stations*. IPBC Education – the streaming channel for schools, universities and training*. IPBC Video – the video portal with a rewarding system*. IPBC Upload – the interface to the IPFS network*. IPBC Remote control – the browser based remote control system. IPBC Blockchain – the underlying technology behind the systems. IPBC Coin – the new IPBC cryptocurrency to run the reward system. IPBC Pool – the cryptocurrency management system. IPBC Mining – the player based media mining technology and the stand alone miner*. IPBC Blockchain explorer – for verifying payments and examining the blockchain. IPBC Offline GUI Wallet – for managing the wallet. *Beta Broadcasting is decentralized through a P2P network (IPFS Protocol) Revenue: 90% of the video mining revenue goes to the publishers/users of the platform. IPBC.io receives only 10% of mining as revenue (there was no pre-mine). Compare this 90/10 revenue sharing model to YouTube. TECHNICALS IPBC is built on the CryptoNote code. “CryptoNote is the technology that allows the creation of completely anonymous egalitarian cryptocurrencies” (https://cryptonote.org/inside). CryptoNote is focused on anonymity and security and is based on Proof of Work, making it suitable for CPU mining, which is essential for the IPBC platform to work. CryptoNote is the same code used by the popular cryptocurrency Electroneum ($ETN) (~$525m MC), who is developing the first mobile-mining cryptocurrency. Leadership at IPBC has stated that ultimately, they plan to make IPBC into a hybrid coin that also supports POS. The plan is to allow mobile devices to use POS minting, instead of battery-draining POW mining. This will take some time. For now, it is limited to GPU and CPU Proof-of-Work (CPU mining tested and verified by this author). No pre-mine, no ICO They are currently achieving about 2,000 transactions per second. Circulating supply: roughly 23m IPBC Target supply by e/o 2018: roughly 100m IPBC Total fixed supply: 1b IPBC (by the year 2050 approximately) USE CASES FOR THE COIN As a currency IPBC as fuel for advanced features of the IPBC.io ecosystem (to be implemented in 2018) TEAM / LEADERSHIP https://www.linkedin.com/company/ipbc-io/ Saber Maram (CEO) – a developer and entrepreneur, he has a background in building successful tech ventures from the ground up. Kai-Uwe Schnier (CFO) – a seasoned tech entrepreneur, he built and sold a German ISP company in the mid-late 90’s as well as partnered with Saber on building Devcups and IPBC. This is clearly someone who likes to be on the cutting edge. He has a background in IT, finance, HR, business development and leadership. https://www.linkedin.com/in/kai-uwe-schnier/ Paul Camacho (CTO) – 30+ years’ experience in IT and a cryptocurrency/blockchain developer and “evangelist”, worked with Maram and Schnier previously. Joni Kautto (CMO) – online marketing expert and entrepreneur from Finland, specializing in ecommerce and SEO. https://www.linkedin.com/in/jonikautto/ Thoughts on leadership: I believe this team has a nice balance of: tech/dev experience, seasoned leadership, entrepreneurship and the ability to scale. ROADMAP Plans for development are listed on their roadmap on the website and the whitepaper. I’m told that the primary focus for the project in 2018 will be on user acquisition. PEERS/ COMPETITION COMPARISON IPBC Current MC: ~$1.4m (700 sats/ per coin); ~23M coins in circulation Viuly ($VIU) Current MC: ~$15m; ATH: ~$54m (Jan 2018) Airdrop of initial coins Viuly is a blockchain-based, decentralized video management service. Alpha was Q3 2017, Beta Jan 2018 Viewers are rewarded in VIU coin for viewing advertisements or regular videos with ads in them. Creators are paid by charging VIU to viewers. It’s an interesting system but dependant upon ads for revenue. Flixxo ($FLIXX) Current MC: ~$11m; ATH: ~$68m (Jan 2018) ICO for crowdfunding Decentralized video distribution network still in Alpha demo version (Beta rumor is May 2018) Also advertiser-focused for revenue Monetization based on “likes” LBRY Credits ($LBC) Current MC: ~$51m; ATH: $169m (Jan 2018) No ICO but pre-mined by the company; PoW Decentralized video distribution network similar to Flixxo and Viuly but without ads. No ads, which is great, but they’re lacking a novel payment system at this point. If creators want to be paid, they charge LBC coins. Viewers have no way to get LBC coins but to buy them on an exchange, convert/sell other assets for them, earn them through referrals or bounties, or to mine them using a GPU rig. From their website: “we don't see CPU mining as economically viable at this point.” *Of these video-focused projects - the closest comparisons to IPBC’s platform - I believe IPBC to be superior. They’re the only one with BOTH a lack of ads and a unique, burdenless payment mechanism to the viewer. Steem (DTube) ($STEEM) Current MC: $992m; ATH: ~$1.8b (Jan 2018) Steem is a decentralized multimedia content management platform and social network, including DTube - their streaming video service without ads. Steem is a very interesting project, also currently in Beta, but is a difficult comparison due to their multimedia scope. Probably IPBC’s most legitimate video competition, due to lack of ads and a novel payment system. Admittedly, I don’t know enough about Steem, as I just started using their platform. Steem’s tokens (it’s a little confusing, there are 3 kinds) seem to drive usage of the platform, in addition to having a payment function. So, content creators are essentially paid via upvoting by the viewers. In an egalitarian world, this upvoting would be shared fairly amongst content providers – as each upvote carries some weight of value (cryptocurrency) depending on your stake. However, from what I’m seeing it doesn’t always work that way and users can decide who to upvote based on selfish reasons or greed….including upvoting yourself or making a pact with another person to just upvote each other. The success of this platform seems to depend on the voluntary redistribution of wealth. I’m sadly pessimistic of that idea succeeding in the long run, given what I know of human nature. But of course, I could be wrong. I think this same issue may exist when Flixxo goes live, with their monetization of “likes.” Key differences: IPBC is ad free. First video content platform to embed mining into their viewer as a means of payment (objective, unbiased payment). CPU mining also possible for the individual, to increase their IPBC coin holdings. Mobile mining likely to come in the future. Monetization of website traffic possible by the client embedding the IPBC player. There are entire cryptocurrency projects based around just this idea (monetization of website traffic). None have done it like this to my knowledge (see below). IPBC had no ICO (self-funded) and no pre-mine (read: no greed and financially secure). IPBC is only focused on video for now, where Steem has many different irons in the fire (blogging, video, social, even a coin creation mechanism). Steem is a very interesting and exciting project but they are a bit too different to compare. And as far as video platforms go, I would bet on the project that is mastering one thing first, rather than going after a bunch of things at once. I also don’t think a utopian payment system will ultimately work when it boils down to human nature. But again, that’s just the cynic in me. IPBC RISKS From the WP: Lack of capital: To build worldwide marketing IPBC needs funding. Reputation: IPBC had no time to build up a reputation. New: No brand visibility today. Competition: Other players might come with similar technology. My take on risks: · Viewers may not want to click "I agree to share a small part of my unused power while watching this video." · Team has limited experience with video as media. Their vision comes from being leadership who refuse to share their website visitors with advertisers. · Isolation: while I believe their location on Tenerife Island to be a special draw for tech friendly talent, it may also limit their ability to make new hires and engage their product with the rest of the world. · Whether or not content creators feel they are being adequately compensated will depend on both the hash rates for mining, electricity costs, the block rewards and the value of IPBC coin on the open market. If the market does not value the coin higher than the cost to mine it, GPU miners will go elsewhere and so will content creators. · This is project is a BIG idea. It will take a lot to be able to execute on it. But the good news is they are already halfway there. TAKEAWAYS / FINAL THOUGHTS YouTube/ online video distribution is at a bit of a crossroads (as are so many other industries that blockchain could disrupt). Top content creators are starting to explore other platforms due to a perceived lack of fair revenue split. Some are also being censored or just outright banned. Most are not protected from copyright infringement. Couple this with advertisers being squeezed over pricing, ad-blockers and bot traffic, and it could be time for a major overhaul to online video distribution. Blockchain for digital media content is one answer to that crisis. There have been previous movers in this space. However, IPBC is doing it differently by removing the ad revenue entirely. This idea ALONE has the potential to be disruptive. Relative to their peers, I am more confident in a trustless, objective payment system based on viewership than one that depends on a person’s willingness to spend their limited “Likes” or their limited “Upvotes.” But the real value appeal to me is the potential for mass adoption of IPBC/IPFS platform for website traffic monetization. There have been entire crypto projects solely created to focus on this idea (Oyster $PRL is one that comes to mind - $117m MC - but also offering distributed storage). Oyster’s traffic monetization idea comes with a disclaimer to a website viewer – something like: “click here before entering our website to mine for the website owner.” I, personally, believe that to be a bit of an overreach - to be required to mine just to view a website. For instance, if I want to shop for shoes on Nike’s website, I’m already going to be spending money there and now you want me to mine for you just to enter your site? I don’t think so. That’s a No for me on principle. However, if I’m already shopping on Nike’s website and I see a cool-looking video that I want to watch, I am MUCH MORE inclined to click Yes to watch the video. That’s just me. The whole website traffic monetization through video idea seems a lot more viable, and the passive income that could be created from this for millions of different websites worldwide??? ..…..well, that’s a valuation that is simply unquantifiable. The author believes IPBC to have a much more viable chance at successfully implementing their platform/ convincing websites to use them than the aforementioned projects or any of the other website monetization or content management blockchain platforms with ads. Period. The ad-free component simply has much more appeal. Yes, it is a tiny bit invasive to technically “mine” for someone else. However, I have done it on a 4-year-old PC and did not even notice a difference when watching a video. I believe IPBC has the best viable solution to fairly compensate content creators, doing away with annoying ads, while maintaining a safe, censor-free, copyright protecting, decentralized system with no central point of control or failure. I think this could be the answer everyone has been waiting for. Brief CPU mining while viewing content is an entirely new concept, and that alone has value. The IPBC project is completely under the radar, yet totally unique. They have been quietly in development for over a year and will finally now focus outwardly, since their blockchain launch a few weeks ago. Once the crypto world figures out what this is, and the potential value of this project, I believe it will skyrocket. Overall, I’m EXTREMELY bullish on IPBC. With so many avenues for revenue growth (I haven’t even touched on the TV and Educational broadcasting options), a completely new concept, at a time when the world wants transparency, objectivity and fairness and YouTube content creators are unhappy (and people hate ads), this project has come along at the right time. Overall, I think IPBC has the potential to be a top 10 performer in crypto markets in 2018, from their current valuation. Lofty goal, I know, but this little-known project has all the pieces for serious disruption if they can execute. IPBC can currently only be purchased on Livecoin.net but other exchanges are forthcoming, as well as a CMC listing. If you’re interested in buying some, please use my referral link below, as I’ve received no compensation for sharing my research :) https://livecoin.net/?from=Livecoin-s7PkzDN5 Video interviews with IPBC leadership are forthcoming. Thanks for reading! Comments/ suggestions/ insights welcome! Brent Please follow me/us on: Twitter: @blockchainblitz Medium: @blockchainblitz IPBC: @blockchainblitz YouTube: @blockchainblitz SteemIt: @blockchainblitz Reddit: u/blockchainblitz |
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| parent author | |
| parent permlink | ipbc |
| permlink | interplanetary-broadcast-coin-ipbc-review-and-analysis |
| title | Interplanetary Broadcast Coin (IPBC) Review & Analysis |
| Transaction Info | Block #20280972/Trx 280b2e9033957923673342c4b46604e142af80e2 |
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"body": "\n \n \n*Full disclosure & disclaimer: I am an investor in this project. I have been in close contact with IPBC leadership for a few weeks and I purchased my first IPBC coins recently. This article shares only my observations and thoughts and, as always, I tried to be as objective as possible when compiling this. I am not a financial advisor. These are my opinions only. Always do your own research. \n\nWebsite: https://ipbc.io/\nWhitepaper: https://ipbc.io/whitepaper.pdf \n \nSUMMARY\nInterplanetary Broadcast Coin (IPBC) is a blockchain-based, decentralized media streaming project that has been in development for over a year (Alpha: Feb 2017, Beta: Feb 2018). They are self-funded, did not do an ICO raise, and did no pre-mine. They are a project that is very unique to the cryptocurrency world, and what they are doing has not been done before.\n \nIPBC is based in Tenerife, Spain – a tech-friendly island, Spanish territory, and part of the Canary Islands. They are the latest project of the team behind Devcups, a successful software development company focused on the legal industry. The team is 22+ with 4 new hires starting in the coming weeks and another 6 hires budgeted for. \n \nVideo content management and distribution is not new to the blockchain space (see competitors below). However, to my knowledge this is the first time it has been done completely ad-free, with the content creators being paid by the users through a built in CPU mining program. The user/viewer essentially loans a small amount of CPU power while viewing the media. This power is used to mine the IPBC coin, which in turn is paid to the content creator. \n \nIPBC products already live and functioning:\n \nIPBC Platform – the portal for all services full responsive for all devices*.\nIPBC Broadcast – the streaming platform for gaming and entertainment*.\nIPBC Live Stream – the live streaming platform for the user\nIPBC TV – the streaming channel for TV stations*.\nIPBC Education – the streaming channel for schools, universities and training*.\nIPBC Video – the video portal with a rewarding system*.\nIPBC Upload – the interface to the IPFS network*.\nIPBC Remote control – the browser based remote control system.\nIPBC Blockchain – the underlying technology behind the systems.\nIPBC Coin – the new IPBC cryptocurrency to run the reward system.\nIPBC Pool – the cryptocurrency management system.\nIPBC Mining – the player based media mining technology and the stand alone miner*.\nIPBC Blockchain explorer – for verifying payments and examining the blockchain.\nIPBC Offline GUI Wallet – for managing the wallet.\n*Beta\n \nBroadcasting is decentralized through a P2P network (IPFS Protocol)\nRevenue: 90% of the video mining revenue goes to the publishers/users of the platform. IPBC.io receives only 10% of mining as revenue (there was no pre-mine). Compare this 90/10 revenue sharing model to YouTube.\n \nTECHNICALS\nIPBC is built on the CryptoNote code. “CryptoNote is the technology that allows the creation of completely anonymous egalitarian cryptocurrencies” (https://cryptonote.org/inside). CryptoNote is focused on anonymity and security and is based on Proof of Work, making it suitable for CPU mining, which is essential for the IPBC platform to work. CryptoNote is the same code used by the popular cryptocurrency Electroneum ($ETN) (~$525m MC), who is developing the first mobile-mining cryptocurrency. Leadership at IPBC has stated that ultimately, they plan to make IPBC into a hybrid coin that also supports POS. The plan is to allow mobile devices to use POS minting, instead of battery-draining POW mining. This will take some time. For now, it is limited to GPU and CPU Proof-of-Work (CPU mining tested and verified by this author).\n \nNo pre-mine, no ICO\nThey are currently achieving about 2,000 transactions per second.\nCirculating supply: roughly 23m IPBC\nTarget supply by e/o 2018: roughly 100m IPBC \nTotal fixed supply: 1b IPBC (by the year 2050 approximately)\n \nUSE CASES FOR THE COIN\nAs a currency\nIPBC as fuel for advanced features of the IPBC.io ecosystem (to be implemented in 2018)\n \nTEAM / LEADERSHIP\nhttps://www.linkedin.com/company/ipbc-io/ \n \nSaber Maram (CEO) – a developer and entrepreneur, he has a background in building successful tech ventures from the ground up.\n \nKai-Uwe Schnier (CFO) – a seasoned tech entrepreneur, he built and sold a German ISP company in the mid-late 90’s as well as partnered with Saber on building Devcups and IPBC. This is clearly someone who likes to be on the cutting edge. He has a background in IT, finance, HR, business development and leadership.\nhttps://www.linkedin.com/in/kai-uwe-schnier/\n \nPaul Camacho (CTO) – 30+ years’ experience in IT and a cryptocurrency/blockchain developer and “evangelist”, worked with Maram and Schnier previously.\n \nJoni Kautto (CMO) – online marketing expert and entrepreneur from Finland, specializing in ecommerce and SEO.\nhttps://www.linkedin.com/in/jonikautto/\n \nThoughts on leadership: I believe this team has a nice balance of: tech/dev experience, seasoned leadership, entrepreneurship and the ability to scale.\n \nROADMAP\nPlans for development are listed on their roadmap on the website and the whitepaper. I’m told that the primary focus for the project in 2018 will be on user acquisition.\n \nPEERS/ COMPETITION COMPARISON\nIPBC\nCurrent MC: ~$1.4m (700 sats/ per coin); ~23M coins in circulation\n \nViuly ($VIU)\nCurrent MC: ~$15m; ATH: ~$54m (Jan 2018)\nAirdrop of initial coins\nViuly is a blockchain-based, decentralized video management service. Alpha was Q3 2017, Beta Jan 2018\nViewers are rewarded in VIU coin for viewing advertisements or regular videos with ads in them. Creators are paid by charging VIU to viewers. It’s an interesting system but dependant upon ads for revenue.\n \nFlixxo ($FLIXX)\nCurrent MC: ~$11m; ATH: ~$68m (Jan 2018)\nICO for crowdfunding\nDecentralized video distribution network still in Alpha demo version (Beta rumor is May 2018)\nAlso advertiser-focused for revenue\nMonetization based on “likes”\n\nLBRY Credits ($LBC)\nCurrent MC: ~$51m; ATH: $169m (Jan 2018)\nNo ICO but pre-mined by the company; PoW\nDecentralized video distribution network similar to Flixxo and Viuly but without ads.\nNo ads, which is great, but they’re lacking a novel payment system at this point. If creators want to be paid, they charge LBC coins. Viewers have no way to get LBC coins but to buy them on an exchange, convert/sell other assets for them, earn them through referrals or bounties, or to mine them using a GPU rig.\nFrom their website: “we don't see CPU mining as economically viable at this point.”\n\n*Of these video-focused projects - the closest comparisons to IPBC’s platform - I believe IPBC to be superior. They’re the only one with BOTH a lack of ads and a unique, burdenless payment mechanism to the viewer.\n \nSteem (DTube) ($STEEM)\nCurrent MC: $992m; ATH: ~$1.8b (Jan 2018)\nSteem is a decentralized multimedia content management platform and social network, including DTube - their streaming video service without ads.\nSteem is a very interesting project, also currently in Beta, but is a difficult comparison due to their multimedia scope.\nProbably IPBC’s most legitimate video competition, due to lack of ads and a novel payment system.\nAdmittedly, I don’t know enough about Steem, as I just started using their platform. Steem’s tokens (it’s a little confusing, there are 3 kinds) seem to drive usage of the platform, in addition to having a payment function. So, content creators are essentially paid via upvoting by the viewers. In an egalitarian world, this upvoting would be shared fairly amongst content providers – as each upvote carries some weight of value (cryptocurrency) depending on your stake. However, from what I’m seeing it doesn’t always work that way and users can decide who to upvote based on selfish reasons or greed….including upvoting yourself or making a pact with another person to just upvote each other.\n\nThe success of this platform seems to depend on the voluntary redistribution of wealth. I’m sadly pessimistic of that idea succeeding in the long run, given what I know of human nature. But of course, I could be wrong.\n\nI think this same issue may exist when Flixxo goes live, with their monetization of “likes.”\n \nKey differences:\nIPBC is ad free.\nFirst video content platform to embed mining into their viewer as a means of payment (objective, unbiased payment).\nCPU mining also possible for the individual, to increase their IPBC coin holdings.\nMobile mining likely to come in the future.\nMonetization of website traffic possible by the client embedding the IPBC player. There are entire cryptocurrency projects based around just this idea (monetization of website traffic). None have done it like this to my knowledge (see below).\nIPBC had no ICO (self-funded) and no pre-mine (read: no greed and financially secure).\nIPBC is only focused on video for now, where Steem has many different irons in the fire (blogging, video, social, even a coin creation mechanism). Steem is a very interesting and exciting project but they are a bit too different to compare. And as far as video platforms go, I would bet on the project that is mastering one thing first, rather than going after a bunch of things at once. \nI also don’t think a utopian payment system will ultimately work when it boils down to human nature. But again, that’s just the cynic in me.\n \nIPBC RISKS\nFrom the WP:\nLack of capital: To build worldwide marketing IPBC needs funding.\nReputation: IPBC had no time to build up a reputation.\nNew: No brand visibility today.\nCompetition: Other players might come with similar technology.\n \nMy take on risks:\n· Viewers may not want to click \"I agree to share a small part of my unused power while watching this video.\"\n· Team has limited experience with video as media. Their vision comes from being leadership who refuse to share their website visitors with advertisers.\n· Isolation: while I believe their location on Tenerife Island to be a special draw for tech friendly talent, it may also limit their ability to make new hires and engage their product with the rest of the world.\n· Whether or not content creators feel they are being adequately compensated will depend on both the hash rates for mining, electricity costs, the block rewards and the value of IPBC coin on the open market. If the market does not value the coin higher than the cost to mine it, GPU miners will go elsewhere and so will content creators.\n· This is project is a BIG idea. It will take a lot to be able to execute on it. But the good news is they are already halfway there. \n \nTAKEAWAYS / FINAL THOUGHTS\nYouTube/ online video distribution is at a bit of a crossroads (as are so many other industries that blockchain could disrupt). Top content creators are starting to explore other platforms due to a perceived lack of fair revenue split. Some are also being censored or just outright banned. Most are not protected from copyright infringement. Couple this with advertisers being squeezed over pricing, ad-blockers and bot traffic, and it could be time for a major overhaul to online video distribution.\n \nBlockchain for digital media content is one answer to that crisis. There have been previous movers in this space. However, IPBC is doing it differently by removing the ad revenue entirely. This idea ALONE has the potential to be disruptive.\n \nRelative to their peers, I am more confident in a trustless, objective payment system based on viewership than one that depends on a person’s willingness to spend their limited “Likes” or their limited “Upvotes.”\n \nBut the real value appeal to me is the potential for mass adoption of IPBC/IPFS platform for website traffic monetization. There have been entire crypto projects solely created to focus on this idea (Oyster $PRL is one that comes to mind - $117m MC - but also offering distributed storage). Oyster’s traffic monetization idea comes with a disclaimer to a website viewer – something like: “click here before entering our website to mine for the website owner.” I, personally, believe that to be a bit of an overreach - to be required to mine just to view a website. For instance, if I want to shop for shoes on Nike’s website, I’m already going to be spending money there and now you want me to mine for you just to enter your site? I don’t think so. That’s a No for me on principle. However, if I’m already shopping on Nike’s website and I see a cool-looking video that I want to watch, I am MUCH MORE inclined to click Yes to watch the video. That’s just me. The whole website traffic monetization through video idea seems a lot more viable, and the passive income that could be created from this for millions of different websites worldwide??? ..…..well, that’s a valuation that is simply unquantifiable. \n \nThe author believes IPBC to have a much more viable chance at successfully implementing their platform/ convincing websites to use them than the aforementioned projects or any of the other website monetization or content management blockchain platforms with ads. Period. The ad-free component simply has much more appeal. Yes, it is a tiny bit invasive to technically “mine” for someone else. However, I have done it on a 4-year-old PC and did not even notice a difference when watching a video. I believe IPBC has the best viable solution to fairly compensate content creators, doing away with annoying ads, while maintaining a safe, censor-free, copyright protecting, decentralized system with no central point of control or failure. I think this could be the answer everyone has been waiting for. \n \nBrief CPU mining while viewing content is an entirely new concept, and that alone has value.\n \nThe IPBC project is completely under the radar, yet totally unique. They have been quietly in development for over a year and will finally now focus outwardly, since their blockchain launch a few weeks ago. Once the crypto world figures out what this is, and the potential value of this project, I believe it will skyrocket.\n \nOverall, I’m EXTREMELY bullish on IPBC. With so many avenues for revenue growth (I haven’t even touched on the TV and Educational broadcasting options), a completely new concept, at a time when the world wants transparency, objectivity and fairness and YouTube content creators are unhappy (and people hate ads), this project has come along at the right time. Overall, I think IPBC has the potential to be a top 10 performer in crypto markets in 2018, from their current valuation. Lofty goal, I know, but this little-known project has all the pieces for serious disruption if they can execute.\n \nIPBC can currently only be purchased on Livecoin.net but other exchanges are forthcoming, as well as a CMC listing. If you’re interested in buying some, please use my referral link below, as I’ve received no compensation for sharing my research :)\n\nhttps://livecoin.net/?from=Livecoin-s7PkzDN5\n\nVideo interviews with IPBC leadership are forthcoming. Thanks for reading! Comments/ suggestions/ insights welcome!\n\nBrent\n \nPlease follow me/us on:\n \nTwitter: @blockchainblitz\nMedium: @blockchainblitz\nIPBC: @blockchainblitz\nYouTube: @blockchainblitz\nSteemIt: @blockchainblitz\nReddit: u/blockchainblitz",
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2018/03/01 01:37:06
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| body | Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in: https://medium.com/@blockchainblitz/interplanetary-broadcast-coin-ipbc-review-analysis-197e66d3b301 |
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}blockchainblitzpublished a new post: interplanetary-broadcast-coin-ipbc-review-and-analysis2018/03/01 01:36:21
blockchainblitzpublished a new post: interplanetary-broadcast-coin-ipbc-review-and-analysis
2018/03/01 01:36:21
| author | blockchainblitz |
| body |  *Full disclosure & disclaimer: I am an investor in this project. I have been in close contact with IPBC leadership for a few weeks and I purchased my first IPBC coins recently. This article shares only my observations and thoughts and, as always, I tried to be as objective as possible when compiling this. I am not a financial advisor. These are my opinions only. Always do your own research. Website: https://ipbc.io/ Whitepaper: https://ipbc.io/whitepaper.pdf SUMMARY Interplanetary Broadcast Coin (IPBC) is a blockchain-based, decentralized media streaming project that has been in development for over a year (Alpha: Feb 2017, Beta: Feb 2018). They are self-funded, did not do an ICO raise, and did no pre-mine. They are a project that is very unique to the cryptocurrency world, and what they are doing has not been done before. IPBC is based in Tenerife, Spain – a tech-friendly island, Spanish territory, and part of the Canary Islands. They are the latest project of the team behind Devcups, a successful software development company focused on the legal industry. The team is 22+ with 4 new hires starting in the coming weeks and another 6 hires budgeted for. Video content management and distribution is not new to the blockchain space (see competitors below). However, to my knowledge this is the first time it has been done completely ad-free, with the content creators being paid by the users through a built in CPU mining program. The user/viewer essentially loans a small amount of CPU power while viewing the media. This power is used to mine the IPBC coin, which in turn is paid to the content creator. IPBC products already live and functioning: IPBC Platform – the portal for all services full responsive for all devices*. IPBC Broadcast – the streaming platform for gaming and entertainment*. IPBC Live Stream – the live streaming platform for the user IPBC TV – the streaming channel for TV stations*. IPBC Education – the streaming channel for schools, universities and training*. IPBC Video – the video portal with a rewarding system*. IPBC Upload – the interface to the IPFS network*. IPBC Remote control – the browser based remote control system. IPBC Blockchain – the underlying technology behind the systems. IPBC Coin – the new IPBC cryptocurrency to run the reward system. IPBC Pool – the cryptocurrency management system. IPBC Mining – the player based media mining technology and the stand alone miner*. IPBC Blockchain explorer – for verifying payments and examining the blockchain. IPBC Offline GUI Wallet – for managing the wallet. *Beta Broadcasting is decentralized through a P2P network (IPFS Protocol) Revenue: 90% of the video mining revenue goes to the publishers/users of the platform. IPBC.io receives only 10% of mining as revenue (there was no pre-mine). Compare this 90/10 revenue sharing model to YouTube. TECHNICALS IPBC is built on the CryptoNote code. “CryptoNote is the technology that allows the creation of completely anonymous egalitarian cryptocurrencies” (https://cryptonote.org/inside). CryptoNote is focused on anonymity and security and is based on Proof of Work, making it suitable for CPU mining, which is essential for the IPBC platform to work. CryptoNote is the same code used by the popular cryptocurrency Electroneum ($ETN) (~$525m MC), who is developing the first mobile-mining cryptocurrency. Leadership at IPBC has stated that ultimately, they plan to make IPBC into a hybrid coin that also supports POS. The plan is to allow mobile devices to use POS minting, instead of battery-draining POW mining. This will take some time. For now, it is limited to GPU and CPU Proof-of-Work (CPU mining tested and verified by this author). No pre-mine, no ICO They are currently achieving about 2,000 transactions per second. Circulating supply: roughly 23m IPBC Target supply by e/o 2018: roughly 100m IPBC Total fixed supply: 1b IPBC (by the year 2050 approximately) USE CASES FOR THE COIN As a currency IPBC as fuel for advanced features of the IPBC.io ecosystem (to be implemented in 2018) TEAM / LEADERSHIP https://www.linkedin.com/company/ipbc-io/ Saber Maram (CEO) – a developer and entrepreneur, he has a background in building successful tech ventures from the ground up. Kai-Uwe Schnier (CFO) – a seasoned tech entrepreneur, he built and sold a German ISP company in the mid-late 90’s as well as partnered with Saber on building Devcups and IPBC. This is clearly someone who likes to be on the cutting edge. He has a background in IT, finance, HR, business development and leadership. https://www.linkedin.com/in/kai-uwe-schnier/ Paul Camacho (CTO) – 30+ years’ experience in IT and a cryptocurrency/blockchain developer and “evangelist”, worked with Maram and Schnier previously. Joni Kautto (CMO) – online marketing expert and entrepreneur from Finland, specializing in ecommerce and SEO. https://www.linkedin.com/in/jonikautto/ Thoughts on leadership: I believe this team has a nice balance of: tech/dev experience, seasoned leadership, entrepreneurship and the ability to scale. ROADMAP Plans for development are listed on their roadmap on the website and the whitepaper. I’m told that the primary focus for the project in 2018 will be on user acquisition. PEERS/ COMPETITION COMPARISON IPBC Current MC: ~$1.4m (700 sats/ per coin); ~23M coins in circulation Viuly ($VIU) Current MC: ~$15m; ATH: ~$54m (Jan 2018) Airdrop of initial coins Viuly is a blockchain-based, decentralized video management service. Alpha was Q3 2017, Beta Jan 2018 Viewers are rewarded in VIU coin for viewing advertisements or regular videos with ads in them. Creators are paid by charging VIU to viewers. It’s an interesting system but dependant upon ads for revenue. Flixxo ($FLIXX) Current MC: ~$11m; ATH: ~$68m (Jan 2018) ICO for crowdfunding Decentralized video distribution network still in Alpha demo version (Beta rumor is May 2018) Also advertiser-focused for revenue Monetization based on “likes” LBRY Credits ($LBC) Current MC: ~$51m; ATH: $169m (Jan 2018) No ICO but pre-mined by the company; PoW Decentralized video distribution network similar to Flixxo and Viuly but without ads. No ads, which is great, but they’re lacking a novel payment system at this point. If creators want to be paid, they charge LBC coins. Viewers have no way to get LBC coins but to buy them on an exchange, convert/sell other assets for them, earn them through referrals or bounties, or to mine them using a GPU rig. From their website: “we don't see CPU mining as economically viable at this point.” *Of these video-focused projects - the closest comparisons to IPBC’s platform - I believe IPBC to be superior. They’re the only one with BOTH a lack of ads and a unique, burdenless payment mechanism to the viewer. Steem (DTube) ($STEEM) Current MC: $992m; ATH: ~$1.8b (Jan 2018) Steem is a decentralized multimedia content management platform and social network, including DTube - their streaming video service without ads. Steem is a very interesting project, also currently in Beta, but is a difficult comparison due to their multimedia scope. Probably IPBC’s most legitimate video competition, due to lack of ads and a novel payment system. Admittedly, I don’t know enough about Steem, as I just started using their platform. Steem’s tokens (it’s a little confusing, there are 3 kinds) seem to drive usage of the platform, in addition to having a payment function. So, content creators are essentially paid via upvoting by the viewers. In an egalitarian world, this upvoting would be shared fairly amongst content providers – as each upvote carries some weight of value (cryptocurrency) depending on your stake. However, from what I’m seeing it doesn’t always work that way and users can decide who to upvote based on selfish reasons or greed….including upvoting yourself or making a pact with another person to just upvote each other. The success of this platform seems to depend on the voluntary redistribution of wealth. I’m sadly pessimistic of that idea succeeding in the long run, given what I know of human nature. But of course, I could be wrong. I think this same issue may exist when Flixxo goes live, with their monetization of “likes.” Key differences: IPBC is ad free. First video content platform to embed mining into their viewer as a means of payment (objective, unbiased payment). CPU mining also possible for the individual, to increase their IPBC coin holdings. Mobile mining likely to come in the future. Monetization of website traffic possible by the client embedding the IPBC player. There are entire cryptocurrency projects based around just this idea (monetization of website traffic). None have done it like this to my knowledge (see below). IPBC had no ICO (self-funded) and no pre-mine (read: no greed and financially secure). IPBC is only focused on video for now, where Steem has many different irons in the fire (blogging, video, social, even a coin creation mechanism). Steem is a very interesting and exciting project but they are a bit too different to compare. And as far as video platforms go, I would bet on the project that is mastering one thing first, rather than going after a bunch of things at once. I also don’t think a utopian payment system will ultimately work when it boils down to human nature. But again, that’s just the cynic in me. IPBC RISKS From the WP: Lack of capital: To build worldwide marketing IPBC needs funding. Reputation: IPBC had no time to build up a reputation. New: No brand visibility today. Competition: Other players might come with similar technology. My take on risks: · Viewers may not want to click "I agree to share a small part of my unused power while watching this video." · Team has limited experience with video as media. Their vision comes from being leadership who refuse to share their website visitors with advertisers. · Isolation: while I believe their location on Tenerife Island to be a special draw for tech friendly talent, it may also limit their ability to make new hires and engage their product with the rest of the world. · Whether or not content creators feel they are being adequately compensated will depend on both the hash rates for mining, electricity costs, the block rewards and the value of IPBC coin on the open market. If the market does not value the coin higher than the cost to mine it, GPU miners will go elsewhere and so will content creators. · This is project is a BIG idea. It will take a lot to be able to execute on it. But the good news is they are already halfway there. TAKEAWAYS / FINAL THOUGHTS YouTube/ online video distribution is at a bit of a crossroads (as are so many other industries that blockchain could disrupt). Top content creators are starting to explore other platforms due to a perceived lack of fair revenue split. Some are also being censored or just outright banned. Most are not protected from copyright infringement. Couple this with advertisers being squeezed over pricing, ad-blockers and bot traffic, and it could be time for a major overhaul to online video distribution. Blockchain for digital media content is one answer to that crisis. There have been previous movers in this space. However, IPBC is doing it differently by removing the ad revenue entirely. This idea ALONE has the potential to be disruptive. Relative to their peers, I am more confident in a trustless, objective payment system based on viewership than one that depends on a person’s willingness to spend their limited “Likes” or their limited “Upvotes.” But the real value appeal to me is the potential for mass adoption of IPBC/IPFS platform for website traffic monetization. There have been entire crypto projects solely created to focus on this idea (Oyster $PRL is one that comes to mind - $117m MC - but also offering distributed storage). Oyster’s traffic monetization idea comes with a disclaimer to a website viewer – something like: “click here before entering our website to mine for the website owner.” I, personally, believe that to be a bit of an overreach - to be required to mine just to view a website. For instance, if I want to shop for shoes on Nike’s website, I’m already going to be spending money there and now you want me to mine for you just to enter your site? I don’t think so. That’s a No for me on principle. However, if I’m already shopping on Nike’s website and I see a cool-looking video that I want to watch, I am MUCH MORE inclined to click Yes to watch the video. That’s just me. The whole website traffic monetization through video idea seems a lot more viable, and the passive income that could be created from this for millions of different websites worldwide??? ..…..well, that’s a valuation that is simply unquantifiable. The author believes IPBC to have a much more viable chance at successfully implementing their platform/ convincing websites to use them than the aforementioned projects or any of the other website monetization or content management blockchain platforms with ads. Period. The ad-free component simply has much more appeal. Yes, it is a tiny bit invasive to technically “mine” for someone else. However, I have done it on a 4-year-old PC and did not even notice a difference when watching a video. I believe IPBC has the best viable solution to fairly compensate content creators, doing away with annoying ads, while maintaining a safe, censor-free, copyright protecting, decentralized system with no central point of control or failure. I think this could be the answer everyone has been waiting for. Brief CPU mining while viewing content is an entirely new concept, and that alone has value. The IPBC project is completely under the radar, yet totally unique. They have been quietly in development for over a year and will finally now focus outwardly, since their blockchain launch a few weeks ago. Once the crypto world figures out what this is, and the potential value of this project, I believe it will skyrocket. Overall, I’m EXTREMELY bullish on IPBC. With so many avenues for revenue growth (I haven’t even touched on the TV and Educational broadcasting options), a completely new concept, at a time when the world wants transparency, objectivity and fairness and YouTube content creators are unhappy (and people hate ads), this project has come along at the right time. Overall, I think IPBC has the potential to be a top 10 performer in crypto markets in 2018, from their current valuation. Lofty goal, I know, but this little-known project has all the pieces for serious disruption if they can execute. IPBC can currently only be purchased on Livecoin.net but other exchanges are forthcoming, as well as a CMC listing. If you’re interested in buying some, please use my referral link below, as I’ve received no compensation for sharing my research :) https://livecoin.net/?from=Livecoin-s7PkzDN5 Video interviews with IPBC leadership are forthcoming. Thanks for reading! Comments/ suggestions/ insights welcome! Brent Please follow me/us on: Twitter: @blockchainblitz Medium: @blockchainblitz IPBC: @blockchainblitz YouTube: @blockchainblitz SteemIt: @blockchainblitz Reddit: u/blockchainblitz |
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"body": "\n \n \n*Full disclosure & disclaimer: I am an investor in this project. I have been in close contact with IPBC leadership for a few weeks and I purchased my first IPBC coins recently. This article shares only my observations and thoughts and, as always, I tried to be as objective as possible when compiling this. I am not a financial advisor. These are my opinions only. Always do your own research. \n\nWebsite: https://ipbc.io/\nWhitepaper: https://ipbc.io/whitepaper.pdf \n \nSUMMARY\nInterplanetary Broadcast Coin (IPBC) is a blockchain-based, decentralized media streaming project that has been in development for over a year (Alpha: Feb 2017, Beta: Feb 2018). They are self-funded, did not do an ICO raise, and did no pre-mine. They are a project that is very unique to the cryptocurrency world, and what they are doing has not been done before.\n \nIPBC is based in Tenerife, Spain – a tech-friendly island, Spanish territory, and part of the Canary Islands. They are the latest project of the team behind Devcups, a successful software development company focused on the legal industry. The team is 22+ with 4 new hires starting in the coming weeks and another 6 hires budgeted for. \n \nVideo content management and distribution is not new to the blockchain space (see competitors below). However, to my knowledge this is the first time it has been done completely ad-free, with the content creators being paid by the users through a built in CPU mining program. The user/viewer essentially loans a small amount of CPU power while viewing the media. This power is used to mine the IPBC coin, which in turn is paid to the content creator. \n \nIPBC products already live and functioning:\n \nIPBC Platform – the portal for all services full responsive for all devices*.\nIPBC Broadcast – the streaming platform for gaming and entertainment*.\nIPBC Live Stream – the live streaming platform for the user\nIPBC TV – the streaming channel for TV stations*.\nIPBC Education – the streaming channel for schools, universities and training*.\nIPBC Video – the video portal with a rewarding system*.\nIPBC Upload – the interface to the IPFS network*.\nIPBC Remote control – the browser based remote control system.\nIPBC Blockchain – the underlying technology behind the systems.\nIPBC Coin – the new IPBC cryptocurrency to run the reward system.\nIPBC Pool – the cryptocurrency management system.\nIPBC Mining – the player based media mining technology and the stand alone miner*.\nIPBC Blockchain explorer – for verifying payments and examining the blockchain.\nIPBC Offline GUI Wallet – for managing the wallet.\n*Beta\n \nBroadcasting is decentralized through a P2P network (IPFS Protocol)\nRevenue: 90% of the video mining revenue goes to the publishers/users of the platform. IPBC.io receives only 10% of mining as revenue (there was no pre-mine). Compare this 90/10 revenue sharing model to YouTube.\n \nTECHNICALS\nIPBC is built on the CryptoNote code. “CryptoNote is the technology that allows the creation of completely anonymous egalitarian cryptocurrencies” (https://cryptonote.org/inside). CryptoNote is focused on anonymity and security and is based on Proof of Work, making it suitable for CPU mining, which is essential for the IPBC platform to work. CryptoNote is the same code used by the popular cryptocurrency Electroneum ($ETN) (~$525m MC), who is developing the first mobile-mining cryptocurrency. Leadership at IPBC has stated that ultimately, they plan to make IPBC into a hybrid coin that also supports POS. The plan is to allow mobile devices to use POS minting, instead of battery-draining POW mining. This will take some time. For now, it is limited to GPU and CPU Proof-of-Work (CPU mining tested and verified by this author).\n \nNo pre-mine, no ICO\nThey are currently achieving about 2,000 transactions per second.\nCirculating supply: roughly 23m IPBC\nTarget supply by e/o 2018: roughly 100m IPBC \nTotal fixed supply: 1b IPBC (by the year 2050 approximately)\n \nUSE CASES FOR THE COIN\nAs a currency\nIPBC as fuel for advanced features of the IPBC.io ecosystem (to be implemented in 2018)\n \nTEAM / LEADERSHIP\nhttps://www.linkedin.com/company/ipbc-io/ \n \nSaber Maram (CEO) – a developer and entrepreneur, he has a background in building successful tech ventures from the ground up.\n \nKai-Uwe Schnier (CFO) – a seasoned tech entrepreneur, he built and sold a German ISP company in the mid-late 90’s as well as partnered with Saber on building Devcups and IPBC. This is clearly someone who likes to be on the cutting edge. He has a background in IT, finance, HR, business development and leadership.\nhttps://www.linkedin.com/in/kai-uwe-schnier/\n \nPaul Camacho (CTO) – 30+ years’ experience in IT and a cryptocurrency/blockchain developer and “evangelist”, worked with Maram and Schnier previously.\n \nJoni Kautto (CMO) – online marketing expert and entrepreneur from Finland, specializing in ecommerce and SEO.\nhttps://www.linkedin.com/in/jonikautto/\n \nThoughts on leadership: I believe this team has a nice balance of: tech/dev experience, seasoned leadership, entrepreneurship and the ability to scale.\n \nROADMAP\nPlans for development are listed on their roadmap on the website and the whitepaper. I’m told that the primary focus for the project in 2018 will be on user acquisition.\n \nPEERS/ COMPETITION COMPARISON\nIPBC\nCurrent MC: ~$1.4m (700 sats/ per coin); ~23M coins in circulation\n \nViuly ($VIU)\nCurrent MC: ~$15m; ATH: ~$54m (Jan 2018)\nAirdrop of initial coins\nViuly is a blockchain-based, decentralized video management service. Alpha was Q3 2017, Beta Jan 2018\nViewers are rewarded in VIU coin for viewing advertisements or regular videos with ads in them. Creators are paid by charging VIU to viewers. It’s an interesting system but dependant upon ads for revenue.\n \nFlixxo ($FLIXX)\nCurrent MC: ~$11m; ATH: ~$68m (Jan 2018)\nICO for crowdfunding\nDecentralized video distribution network still in Alpha demo version (Beta rumor is May 2018)\nAlso advertiser-focused for revenue\nMonetization based on “likes”\n\nLBRY Credits ($LBC)\nCurrent MC: ~$51m; ATH: $169m (Jan 2018)\nNo ICO but pre-mined by the company; PoW\nDecentralized video distribution network similar to Flixxo and Viuly but without ads.\nNo ads, which is great, but they’re lacking a novel payment system at this point. If creators want to be paid, they charge LBC coins. Viewers have no way to get LBC coins but to buy them on an exchange, convert/sell other assets for them, earn them through referrals or bounties, or to mine them using a GPU rig.\nFrom their website: “we don't see CPU mining as economically viable at this point.”\n\n*Of these video-focused projects - the closest comparisons to IPBC’s platform - I believe IPBC to be superior. They’re the only one with BOTH a lack of ads and a unique, burdenless payment mechanism to the viewer.\n \nSteem (DTube) ($STEEM)\nCurrent MC: $992m; ATH: ~$1.8b (Jan 2018)\nSteem is a decentralized multimedia content management platform and social network, including DTube - their streaming video service without ads.\nSteem is a very interesting project, also currently in Beta, but is a difficult comparison due to their multimedia scope.\nProbably IPBC’s most legitimate video competition, due to lack of ads and a novel payment system.\nAdmittedly, I don’t know enough about Steem, as I just started using their platform. Steem’s tokens (it’s a little confusing, there are 3 kinds) seem to drive usage of the platform, in addition to having a payment function. So, content creators are essentially paid via upvoting by the viewers. In an egalitarian world, this upvoting would be shared fairly amongst content providers – as each upvote carries some weight of value (cryptocurrency) depending on your stake. However, from what I’m seeing it doesn’t always work that way and users can decide who to upvote based on selfish reasons or greed….including upvoting yourself or making a pact with another person to just upvote each other.\n\nThe success of this platform seems to depend on the voluntary redistribution of wealth. I’m sadly pessimistic of that idea succeeding in the long run, given what I know of human nature. But of course, I could be wrong.\n\nI think this same issue may exist when Flixxo goes live, with their monetization of “likes.”\n \nKey differences:\nIPBC is ad free.\nFirst video content platform to embed mining into their viewer as a means of payment (objective, unbiased payment).\nCPU mining also possible for the individual, to increase their IPBC coin holdings.\nMobile mining likely to come in the future.\nMonetization of website traffic possible by the client embedding the IPBC player. There are entire cryptocurrency projects based around just this idea (monetization of website traffic). None have done it like this to my knowledge (see below).\nIPBC had no ICO (self-funded) and no pre-mine (read: no greed and financially secure).\nIPBC is only focused on video for now, where Steem has many different irons in the fire (blogging, video, social, even a coin creation mechanism). Steem is a very interesting and exciting project but they are a bit too different to compare. And as far as video platforms go, I would bet on the project that is mastering one thing first, rather than going after a bunch of things at once. \nI also don’t think a utopian payment system will ultimately work when it boils down to human nature. But again, that’s just the cynic in me.\n \nIPBC RISKS\nFrom the WP:\nLack of capital: To build worldwide marketing IPBC needs funding.\nReputation: IPBC had no time to build up a reputation.\nNew: No brand visibility today.\nCompetition: Other players might come with similar technology.\n \nMy take on risks:\n· Viewers may not want to click \"I agree to share a small part of my unused power while watching this video.\"\n· Team has limited experience with video as media. Their vision comes from being leadership who refuse to share their website visitors with advertisers.\n· Isolation: while I believe their location on Tenerife Island to be a special draw for tech friendly talent, it may also limit their ability to make new hires and engage their product with the rest of the world.\n· Whether or not content creators feel they are being adequately compensated will depend on both the hash rates for mining, electricity costs, the block rewards and the value of IPBC coin on the open market. If the market does not value the coin higher than the cost to mine it, GPU miners will go elsewhere and so will content creators.\n· This is project is a BIG idea. It will take a lot to be able to execute on it. But the good news is they are already halfway there. \n \nTAKEAWAYS / FINAL THOUGHTS\nYouTube/ online video distribution is at a bit of a crossroads (as are so many other industries that blockchain could disrupt). Top content creators are starting to explore other platforms due to a perceived lack of fair revenue split. Some are also being censored or just outright banned. Most are not protected from copyright infringement. Couple this with advertisers being squeezed over pricing, ad-blockers and bot traffic, and it could be time for a major overhaul to online video distribution.\n \nBlockchain for digital media content is one answer to that crisis. There have been previous movers in this space. However, IPBC is doing it differently by removing the ad revenue entirely. This idea ALONE has the potential to be disruptive.\n \nRelative to their peers, I am more confident in a trustless, objective payment system based on viewership than one that depends on a person’s willingness to spend their limited “Likes” or their limited “Upvotes.”\n \nBut the real value appeal to me is the potential for mass adoption of IPBC/IPFS platform for website traffic monetization. There have been entire crypto projects solely created to focus on this idea (Oyster $PRL is one that comes to mind - $117m MC - but also offering distributed storage). Oyster’s traffic monetization idea comes with a disclaimer to a website viewer – something like: “click here before entering our website to mine for the website owner.” I, personally, believe that to be a bit of an overreach - to be required to mine just to view a website. For instance, if I want to shop for shoes on Nike’s website, I’m already going to be spending money there and now you want me to mine for you just to enter your site? I don’t think so. That’s a No for me on principle. However, if I’m already shopping on Nike’s website and I see a cool-looking video that I want to watch, I am MUCH MORE inclined to click Yes to watch the video. That’s just me. The whole website traffic monetization through video idea seems a lot more viable, and the passive income that could be created from this for millions of different websites worldwide??? ..…..well, that’s a valuation that is simply unquantifiable. \n \nThe author believes IPBC to have a much more viable chance at successfully implementing their platform/ convincing websites to use them than the aforementioned projects or any of the other website monetization or content management blockchain platforms with ads. Period. The ad-free component simply has much more appeal. Yes, it is a tiny bit invasive to technically “mine” for someone else. However, I have done it on a 4-year-old PC and did not even notice a difference when watching a video. I believe IPBC has the best viable solution to fairly compensate content creators, doing away with annoying ads, while maintaining a safe, censor-free, copyright protecting, decentralized system with no central point of control or failure. I think this could be the answer everyone has been waiting for. \n \nBrief CPU mining while viewing content is an entirely new concept, and that alone has value.\n \nThe IPBC project is completely under the radar, yet totally unique. They have been quietly in development for over a year and will finally now focus outwardly, since their blockchain launch a few weeks ago. Once the crypto world figures out what this is, and the potential value of this project, I believe it will skyrocket.\n \nOverall, I’m EXTREMELY bullish on IPBC. With so many avenues for revenue growth (I haven’t even touched on the TV and Educational broadcasting options), a completely new concept, at a time when the world wants transparency, objectivity and fairness and YouTube content creators are unhappy (and people hate ads), this project has come along at the right time. Overall, I think IPBC has the potential to be a top 10 performer in crypto markets in 2018, from their current valuation. Lofty goal, I know, but this little-known project has all the pieces for serious disruption if they can execute.\n \nIPBC can currently only be purchased on Livecoin.net but other exchanges are forthcoming, as well as a CMC listing. If you’re interested in buying some, please use my referral link below, as I’ve received no compensation for sharing my research :)\n\nhttps://livecoin.net/?from=Livecoin-s7PkzDN5\n\nVideo interviews with IPBC leadership are forthcoming. Thanks for reading! Comments/ suggestions/ insights welcome!\n\nBrent\n \nPlease follow me/us on:\n \nTwitter: @blockchainblitz\nMedium: @blockchainblitz\nIPBC: @blockchainblitz\nYouTube: @blockchainblitz\nSteemIt: @blockchainblitz\nReddit: u/blockchainblitz",
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2018/02/27 23:17:45
| author | steem-network |
| body | <html> <p>Congratulations <a href="/@blockchainblitz" target="_blank">@blockchainblitz</a>, you have decided to take the next big step with your first post! The Steem Network Team wishes you a great time among this awesome community.</p> <hr> <div class="pull-left"><img src="https://steemitimages.com/DQmaAdLUJ3yaSkmcmWECWyPGPWcjfbCoZ8Tu4RM6H4DbjCi/steem-network-thumbs-up.gif" alt="Thumbs up for Steem Network´s strategy" title="I suggest Steem Network´s strategy" width="320" height="222"></div> <h1>The proven road to boost your personal success in this amazing Steem Network</h1> <p>Do you already know that awesome content will get great profits by following these <a href="/steem-network/@steem-network/spread-your-posts-through-this-proven-strategy-and-get-great-profits-in-return--for-posts-created-at-2018-02-27" target="_blank" alt="Steem Network" title="Follow Steem Network´s suggestions to boost your success">simple steps</a>, that have been worked out by experts?</p> </html> |
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| parent permlink | interplanetary-broadcast-coin-ipbc-review-and-analysis |
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"body": "<html>\n<p>Congratulations <a href=\"/@blockchainblitz\" target=\"_blank\">@blockchainblitz</a>, you have decided to take the next big step with your first post! The Steem Network Team wishes you a great time among this awesome community.</p>\n<hr>\n<div class=\"pull-left\"><img src=\"https://steemitimages.com/DQmaAdLUJ3yaSkmcmWECWyPGPWcjfbCoZ8Tu4RM6H4DbjCi/steem-network-thumbs-up.gif\" alt=\"Thumbs up for Steem Network´s strategy\" title=\"I suggest Steem Network´s strategy\" width=\"320\" height=\"222\"></div>\n<h1>The proven road to boost your personal success in this amazing Steem Network</h1>\n<p>Do you already know that awesome content will get great profits by following these <a href=\"/steem-network/@steem-network/spread-your-posts-through-this-proven-strategy-and-get-great-profits-in-return--for-posts-created-at-2018-02-27\" target=\"_blank\" alt=\"Steem Network\" title=\"Follow Steem Network´s suggestions to boost your success\">simple steps</a>, that have been worked out by experts?</p>\n</html>",
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2018/02/27 22:05:15
| author | blockchainblitz |
| permlink | interplanetary-broadcast-coin-ipbc-review-and-analysis |
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}blockchainblitzpublished a new post: interplanetary-broadcast-coin-ipbc-review-and-analysis2018/02/27 22:05:15
blockchainblitzpublished a new post: interplanetary-broadcast-coin-ipbc-review-and-analysis
2018/02/27 22:05:15
| author | blockchainblitz |
| body |  *Full disclosure & disclaimer: I am an investor in this project. I have been in close contact with IPBC leadership for a few weeks and I purchased my first IPBC coins recently. This article shares only my observations and thoughts and, as always, I tried to be as objective as possible when compiling this. I am not a financial advisor. These are my opinions only. Always do your own research. Website: https://ipbc.io/ Whitepaper: https://ipbc.io/whitepaper.pdf SUMMARY Interplanetary Broadcast Coin (IPBC) is a blockchain-based, decentralized media streaming project that has been in development for over a year (Alpha: Feb 2017, Beta: Feb 2018). They are self-funded, did not do an ICO raise, and did no pre-mine. They are a project that is very unique to the cryptocurrency world, and what they are doing has not been done before. IPBC is based in Tenerife, Spain – a tech-friendly island, Spanish territory, and part of the Canary Islands. They are the latest project of the team behind Devcups, a successful software development company focused on the legal industry. The team is 22+ with 4 new hires starting in the coming weeks and another 6 hires budgeted for. Video content management and distribution is not new to the blockchain space (see competitors below). However, to my knowledge this is the first time it has been done completely ad-free, with the content creators being paid by the users through a built in CPU mining program. The user/viewer essentially loans a small amount of CPU power while viewing the media. This power is used to mine the IPBC coin, which in turn is paid to the content creator. IPBC products already live and functioning: IPBC Platform – the portal for all services full responsive for all devices*. IPBC Broadcast – the streaming platform for gaming and entertainment*. IPBC Live Stream – the live streaming platform for the user IPBC TV – the streaming channel for TV stations*. IPBC Education – the streaming channel for schools, universities and training*. IPBC Video – the video portal with a rewarding system*. IPBC Upload – the interface to the IPFS network*. IPBC Remote control – the browser based remote control system. IPBC Blockchain – the underlying technology behind the systems. IPBC Coin – the new IPBC cryptocurrency to run the reward system. IPBC Pool – the cryptocurrency management system. IPBC Mining – the player based media mining technology and the stand alone miner*. IPBC Blockchain explorer – for verifying payments and examining the blockchain. IPBC Offline GUI Wallet – for managing the wallet. *Beta Broadcasting is decentralized through a P2P network (IPFS Protocol) Revenue: 90% of the video mining revenue goes to the publishers/users of the platform. IPBC.io receives only 10% of mining as revenue (there was no pre-mine). Compare this 90/10 revenue sharing model to YouTube. TECHNICALS IPBC is built on the CryptoNote code. “CryptoNote is the technology that allows the creation of completely anonymous egalitarian cryptocurrencies” (https://cryptonote.org/inside). CryptoNote is focused on anonymity and security and is based on Proof of Work, making it suitable for CPU mining, which is essential for the IPBC platform to work. CryptoNote is the same code used by the popular cryptocurrency Electroneum ($ETN) (~$525m MC), who is developing the first mobile-mining cryptocurrency. Leadership at IPBC has stated that ultimately, they plan to make IPBC into a hybrid coin that also supports POS. The plan is to allow mobile devices to use POS minting, instead of battery-draining POW mining. This will take some time. For now, it is limited to GPU and CPU Proof-of-Work (CPU mining tested and verified by this author). No pre-mine, no ICO They are currently achieving about 2,000 transactions per second. Circulating supply: roughly 23m IPBC Target supply by e/o 2018: roughly 100m IPBC Total fixed supply: 1b IPBC (by the year 2050 approximately) USE CASES FOR THE COIN As a currency IPBC as fuel for advanced features of the IPBC.io ecosystem (to be implemented in 2018) TEAM / LEADERSHIP https://www.linkedin.com/company/ipbc-io/ Saber Maram (CEO) – a developer and entrepreneur, he has a background in building successful tech ventures from the ground up. Kai-Uwe Schnier (CFO) – a seasoned tech entrepreneur, he built and sold a German ISP company in the mid-late 90’s as well as partnered with Saber on building Devcups and IPBC. This is clearly someone who likes to be on the cutting edge. He has a background in IT, finance, HR, business development and leadership. https://www.linkedin.com/in/kai-uwe-schnier/ Paul Camacho (CTO) – 30+ years’ experience in IT and a cryptocurrency/blockchain developer and “evangelist”, worked with Maram and Schnier previously. Joni Kautto (CMO) – online marketing expert and entrepreneur from Finland, specializing in ecommerce and SEO. https://www.linkedin.com/in/jonikautto/ Thoughts on leadership: I believe this team has a nice balance of: tech/dev experience, seasoned leadership, entrepreneurship and the ability to scale. ROADMAP Plans for development are listed on their roadmap on the website and the whitepaper. I’m told that the primary focus for the project in 2018 will be on user acquisition. PEERS/ COMPETITION COMPARISON IPBC Current MC: ~$1.4m (700 sats/ per coin); ~23M coins in circulation Viuly ($VIU) Current MC: ~$15m; ATH: ~$54m (Jan 2018) Airdrop of initial coins Viuly is a blockchain-based, decentralized video management service. Alpha was Q3 2017, Beta Jan 2018 Viewers are rewarded in VIU coin for viewing advertisements or regular videos with ads in them. Creators are paid by charging VIU to viewers. It’s an interesting system but dependant upon ads for revenue. Flixxo ($FLIXX) Current MC: ~$11m; ATH: ~$68m (Jan 2018) ICO for crowdfunding Decentralized video distribution network still in Alpha demo version (Beta rumor is May 2018) Also advertiser-focused for revenue Monetization based on “likes” LBRY Credits ($LBC) Current MC: ~$51m; ATH: $169m (Jan 2018) No ICO but pre-mined by the company; PoW Decentralized video distribution network similar to Flixxo and Viuly but without ads. No ads, which is great, but they’re lacking a novel payment system at this point. If creators want to be paid, they charge LBC coins. Viewers have no way to get LBC coins but to buy them on an exchange, convert/sell other assets for them, earn them through referrals or bounties, or to mine them using a GPU rig. From their website: “we don't see CPU mining as economically viable at this point.” *Of these video-focused projects - the closest comparisons to IPBC’s platform - I believe IPBC to be superior. They’re the only one with BOTH a lack of ads and a unique, burdenless payment mechanism to the viewer. Steem (DTube) ($STEEM) Current MC: $992m; ATH: ~$1.8b (Jan 2018) Steem is a decentralized multimedia content management platform and social network, including DTube - their streaming video service without ads. Steem is a very interesting project, also currently in Beta, but is a difficult comparison due to their multimedia scope. Probably IPBC’s most legitimate video competition, due to lack of ads and a novel payment system. Admittedly, I don’t know enough about Steem, as I just started using their platform. Steem’s tokens (it’s a little confusing, there are 3 kinds) seem to drive usage of the platform, in addition to having a payment function. So, content creators are essentially paid via upvoting by the viewers. In an egalitarian world, this upvoting would be shared fairly amongst content providers – as each upvote carries some weight of value (cryptocurrency) depending on your stake. However, from what I’m seeing it doesn’t always work that way and users can decide who to upvote based on selfish reasons or greed….including upvoting yourself or making a pact with another person to just upvote each other. The success of this platform seems to depend on the voluntary redistribution of wealth. I’m sadly pessimistic of that idea succeeding in the long run, given what I know of human nature. But of course, I could be wrong. I think this same issue may exist when Flixxo goes live, with their monetization of “likes.” Key differences: IPBC is ad free. First video content platform to embed mining into their viewer as a means of payment (objective, unbiased payment). CPU mining also possible for the individual, to increase their IPBC coin holdings. Mobile mining likely to come in the future. Monetization of website traffic possible by the client embedding the IPBC player. There are entire cryptocurrency projects based around just this idea (monetization of website traffic). None have done it like this to my knowledge (see below). IPBC had no ICO (self-funded) and no pre-mine (read: no greed and financially secure). IPBC is only focused on video for now, where Steem has many different irons in the fire (blogging, video, social, even a coin creation mechanism). Steem is a very interesting and exciting project but they are a bit too different to compare. And as far as video platforms go, I would bet on the project that is mastering one thing first, rather than going after a bunch of things at once. I also don’t think a utopian payment system will ultimately work when it boils down to human nature. But again, that’s just the cynic in me. IPBC RISKS From the WP: Lack of capital: To build worldwide marketing IPBC needs funding. Reputation: IPBC had no time to build up a reputation. New: No brand visibility today. Competition: Other players might come with similar technology. My take on risks: · Viewers may not want to click "I agree to share a small part of my unused power while watching this video." · Team has limited experience with video as media. Their vision comes from being leadership who refuse to share their website visitors with advertisers. · Isolation: while I believe their location on Tenerife Island to be a special draw for tech friendly talent, it may also limit their ability to make new hires and engage their product with the rest of the world. · Whether or not content creators feel they are being adequately compensated will depend on both the hash rates for mining, electricity costs, the block rewards and the value of IPBC coin on the open market. If the market does not value the coin higher than the cost to mine it, GPU miners will go elsewhere and so will content creators. · This is project is a BIG idea. It will take a lot to be able to execute on it. But the good news is they are already halfway there. TAKEAWAYS / FINAL THOUGHTS YouTube/ online video distribution is at a bit of a crossroads (as are so many other industries that blockchain could disrupt). Top content creators are starting to explore other platforms due to a perceived lack of fair revenue split. Some are also being censored or just outright banned. Most are not protected from copyright infringement. Couple this with advertisers being squeezed over pricing, ad-blockers and bot traffic, and it could be time for a major overhaul to online video distribution. Blockchain for digital media content is one answer to that crisis. There have been previous movers in this space. However, IPBC is doing it differently by removing the ad revenue entirely. This idea ALONE has the potential to be disruptive. Relative to their peers, I am more confident in a trustless, objective payment system based on viewership than one that depends on a person’s willingness to spend their limited “Likes” or their limited “Upvotes.” But the real value appeal to me is the potential for mass adoption of IPBC/IPFS platform for website traffic monetization. There have been entire crypto projects solely created to focus on this idea (Oyster $PRL is one that comes to mind - $117m MC - but also offering distributed storage). Oyster’s traffic monetization idea comes with a disclaimer to a website viewer – something like: “click here before entering our website to mine for the website owner.” I, personally, believe that to be a bit of an overreach - to be required to mine just to view a website. For instance, if I want to shop for shoes on Nike’s website, I’m already going to be spending money there and now you want me to mine for you just to enter your site? I don’t think so. That’s a No for me on principle. However, if I’m already shopping on Nike’s website and I see a cool-looking video that I want to watch, I am MUCH MORE inclined to click Yes to watch the video. That’s just me. The whole website traffic monetization through video idea seems a lot more viable, and the passive income that could be created from this for millions of different websites worldwide??? ..…..well, that’s a valuation that is simply unquantifiable. The author believes IPBC to have a much more viable chance at successfully implementing their platform/ convincing websites to use them than the aforementioned projects or any of the other website monetization or content management blockchain platforms with ads. Period. The ad-free component simply has much more appeal. Yes, it is a tiny bit invasive to technically “mine” for someone else. However, I have done it on a 4-year-old PC and did not even notice a difference when watching a video. I believe IPBC has the best viable solution to fairly compensate content creators, doing away with annoying ads, while maintaining a safe, censor-free, copyright protecting, decentralized system with no central point of control or failure. I think this could be the answer everyone has been waiting for. Brief CPU mining while viewing content is an entirely new concept, and that alone has value. The IPBC project is completely under the radar, yet totally unique. They have been quietly in development for over a year and will finally now focus outwardly, since their blockchain launch a few weeks ago. Once the crypto world figures out what this is, and the potential value of this project, I believe it will skyrocket. Overall, I’m EXTREMELY bullish on IPBC. With so many avenues for revenue growth (I haven’t even touched on the TV and Educational broadcasting options), a completely new concept, at a time when the world wants transparency, objectivity and fairness and YouTube content creators are unhappy (and people hate ads), this project has come along at the right time. Overall, I think IPBC has the potential to be a top 10 performer in crypto markets in 2018, from their current valuation. Lofty goal, I know, but this little-known project has all the pieces for serious disruption if they can execute. IPBC can currently only be purchased on Livecoin.net but other exchanges are forthcoming, as well as a CMC listing. If you’re interested in buying some, please use my referral link below, as I’ve received no compensation for sharing my research :) https://livecoin.net/?from=Livecoin-s7PkzDN5 Video interviews with IPBC leadership are forthcoming. Thanks for reading! Comments/ suggestions/ insights welcome! Brent Please follow me/us on: Twitter: @blockchainblitz Medium: @blockchainblitz IPBC: @blockchainblitz YouTube: @blockchainblitz SteemIt: @blockchainblitz Reddit: u/blockchainblitz |
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"body": "\n \n \n*Full disclosure & disclaimer: I am an investor in this project. I have been in close contact with IPBC leadership for a few weeks and I purchased my first IPBC coins recently. This article shares only my observations and thoughts and, as always, I tried to be as objective as possible when compiling this. I am not a financial advisor. These are my opinions only. Always do your own research. \n\nWebsite: https://ipbc.io/\nWhitepaper: https://ipbc.io/whitepaper.pdf \n \nSUMMARY\nInterplanetary Broadcast Coin (IPBC) is a blockchain-based, decentralized media streaming project that has been in development for over a year (Alpha: Feb 2017, Beta: Feb 2018). They are self-funded, did not do an ICO raise, and did no pre-mine. They are a project that is very unique to the cryptocurrency world, and what they are doing has not been done before.\n \nIPBC is based in Tenerife, Spain – a tech-friendly island, Spanish territory, and part of the Canary Islands. They are the latest project of the team behind Devcups, a successful software development company focused on the legal industry. The team is 22+ with 4 new hires starting in the coming weeks and another 6 hires budgeted for. \n \nVideo content management and distribution is not new to the blockchain space (see competitors below). However, to my knowledge this is the first time it has been done completely ad-free, with the content creators being paid by the users through a built in CPU mining program. The user/viewer essentially loans a small amount of CPU power while viewing the media. This power is used to mine the IPBC coin, which in turn is paid to the content creator. \n \nIPBC products already live and functioning:\n \nIPBC Platform – the portal for all services full responsive for all devices*.\nIPBC Broadcast – the streaming platform for gaming and entertainment*.\nIPBC Live Stream – the live streaming platform for the user\nIPBC TV – the streaming channel for TV stations*.\nIPBC Education – the streaming channel for schools, universities and training*.\nIPBC Video – the video portal with a rewarding system*.\nIPBC Upload – the interface to the IPFS network*.\nIPBC Remote control – the browser based remote control system.\nIPBC Blockchain – the underlying technology behind the systems.\nIPBC Coin – the new IPBC cryptocurrency to run the reward system.\nIPBC Pool – the cryptocurrency management system.\nIPBC Mining – the player based media mining technology and the stand alone miner*.\nIPBC Blockchain explorer – for verifying payments and examining the blockchain.\nIPBC Offline GUI Wallet – for managing the wallet.\n*Beta\n \nBroadcasting is decentralized through a P2P network (IPFS Protocol)\nRevenue: 90% of the video mining revenue goes to the publishers/users of the platform. IPBC.io receives only 10% of mining as revenue (there was no pre-mine). Compare this 90/10 revenue sharing model to YouTube.\n \nTECHNICALS\nIPBC is built on the CryptoNote code. “CryptoNote is the technology that allows the creation of completely anonymous egalitarian cryptocurrencies” (https://cryptonote.org/inside). CryptoNote is focused on anonymity and security and is based on Proof of Work, making it suitable for CPU mining, which is essential for the IPBC platform to work. CryptoNote is the same code used by the popular cryptocurrency Electroneum ($ETN) (~$525m MC), who is developing the first mobile-mining cryptocurrency. Leadership at IPBC has stated that ultimately, they plan to make IPBC into a hybrid coin that also supports POS. The plan is to allow mobile devices to use POS minting, instead of battery-draining POW mining. This will take some time. For now, it is limited to GPU and CPU Proof-of-Work (CPU mining tested and verified by this author).\n \nNo pre-mine, no ICO\nThey are currently achieving about 2,000 transactions per second.\nCirculating supply: roughly 23m IPBC\nTarget supply by e/o 2018: roughly 100m IPBC \nTotal fixed supply: 1b IPBC (by the year 2050 approximately)\n \nUSE CASES FOR THE COIN\nAs a currency\nIPBC as fuel for advanced features of the IPBC.io ecosystem (to be implemented in 2018)\n \nTEAM / LEADERSHIP\nhttps://www.linkedin.com/company/ipbc-io/ \n \nSaber Maram (CEO) – a developer and entrepreneur, he has a background in building successful tech ventures from the ground up.\n \nKai-Uwe Schnier (CFO) – a seasoned tech entrepreneur, he built and sold a German ISP company in the mid-late 90’s as well as partnered with Saber on building Devcups and IPBC. This is clearly someone who likes to be on the cutting edge. He has a background in IT, finance, HR, business development and leadership.\nhttps://www.linkedin.com/in/kai-uwe-schnier/\n \nPaul Camacho (CTO) – 30+ years’ experience in IT and a cryptocurrency/blockchain developer and “evangelist”, worked with Maram and Schnier previously.\n \nJoni Kautto (CMO) – online marketing expert and entrepreneur from Finland, specializing in ecommerce and SEO.\nhttps://www.linkedin.com/in/jonikautto/\n \nThoughts on leadership: I believe this team has a nice balance of: tech/dev experience, seasoned leadership, entrepreneurship and the ability to scale.\n \nROADMAP\nPlans for development are listed on their roadmap on the website and the whitepaper. I’m told that the primary focus for the project in 2018 will be on user acquisition.\n \nPEERS/ COMPETITION COMPARISON\nIPBC\nCurrent MC: ~$1.4m (700 sats/ per coin); ~23M coins in circulation\n \nViuly ($VIU)\nCurrent MC: ~$15m; ATH: ~$54m (Jan 2018)\nAirdrop of initial coins\nViuly is a blockchain-based, decentralized video management service. Alpha was Q3 2017, Beta Jan 2018\nViewers are rewarded in VIU coin for viewing advertisements or regular videos with ads in them. Creators are paid by charging VIU to viewers. It’s an interesting system but dependant upon ads for revenue.\n \nFlixxo ($FLIXX)\nCurrent MC: ~$11m; ATH: ~$68m (Jan 2018)\nICO for crowdfunding\nDecentralized video distribution network still in Alpha demo version (Beta rumor is May 2018)\nAlso advertiser-focused for revenue\nMonetization based on “likes”\n\nLBRY Credits ($LBC)\nCurrent MC: ~$51m; ATH: $169m (Jan 2018)\nNo ICO but pre-mined by the company; PoW\nDecentralized video distribution network similar to Flixxo and Viuly but without ads.\nNo ads, which is great, but they’re lacking a novel payment system at this point. If creators want to be paid, they charge LBC coins. Viewers have no way to get LBC coins but to buy them on an exchange, convert/sell other assets for them, earn them through referrals or bounties, or to mine them using a GPU rig.\nFrom their website: “we don't see CPU mining as economically viable at this point.”\n\n*Of these video-focused projects - the closest comparisons to IPBC’s platform - I believe IPBC to be superior. They’re the only one with BOTH a lack of ads and a unique, burdenless payment mechanism to the viewer.\n \nSteem (DTube) ($STEEM)\nCurrent MC: $992m; ATH: ~$1.8b (Jan 2018)\nSteem is a decentralized multimedia content management platform and social network, including DTube - their streaming video service without ads.\nSteem is a very interesting project, also currently in Beta, but is a difficult comparison due to their multimedia scope.\nProbably IPBC’s most legitimate video competition, due to lack of ads and a novel payment system.\nAdmittedly, I don’t know enough about Steem, as I just started using their platform. Steem’s tokens (it’s a little confusing, there are 3 kinds) seem to drive usage of the platform, in addition to having a payment function. So, content creators are essentially paid via upvoting by the viewers. In an egalitarian world, this upvoting would be shared fairly amongst content providers – as each upvote carries some weight of value (cryptocurrency) depending on your stake. However, from what I’m seeing it doesn’t always work that way and users can decide who to upvote based on selfish reasons or greed….including upvoting yourself or making a pact with another person to just upvote each other.\n\nThe success of this platform seems to depend on the voluntary redistribution of wealth. I’m sadly pessimistic of that idea succeeding in the long run, given what I know of human nature. But of course, I could be wrong.\n\nI think this same issue may exist when Flixxo goes live, with their monetization of “likes.”\n \nKey differences:\nIPBC is ad free.\nFirst video content platform to embed mining into their viewer as a means of payment (objective, unbiased payment).\nCPU mining also possible for the individual, to increase their IPBC coin holdings.\nMobile mining likely to come in the future.\nMonetization of website traffic possible by the client embedding the IPBC player. There are entire cryptocurrency projects based around just this idea (monetization of website traffic). None have done it like this to my knowledge (see below).\nIPBC had no ICO (self-funded) and no pre-mine (read: no greed and financially secure).\nIPBC is only focused on video for now, where Steem has many different irons in the fire (blogging, video, social, even a coin creation mechanism). Steem is a very interesting and exciting project but they are a bit too different to compare. And as far as video platforms go, I would bet on the project that is mastering one thing first, rather than going after a bunch of things at once. \nI also don’t think a utopian payment system will ultimately work when it boils down to human nature. But again, that’s just the cynic in me.\n \nIPBC RISKS\nFrom the WP:\nLack of capital: To build worldwide marketing IPBC needs funding.\nReputation: IPBC had no time to build up a reputation.\nNew: No brand visibility today.\nCompetition: Other players might come with similar technology.\n \nMy take on risks:\n· Viewers may not want to click \"I agree to share a small part of my unused power while watching this video.\"\n· Team has limited experience with video as media. Their vision comes from being leadership who refuse to share their website visitors with advertisers.\n· Isolation: while I believe their location on Tenerife Island to be a special draw for tech friendly talent, it may also limit their ability to make new hires and engage their product with the rest of the world.\n· Whether or not content creators feel they are being adequately compensated will depend on both the hash rates for mining, electricity costs, the block rewards and the value of IPBC coin on the open market. If the market does not value the coin higher than the cost to mine it, GPU miners will go elsewhere and so will content creators.\n· This is project is a BIG idea. It will take a lot to be able to execute on it. But the good news is they are already halfway there. \n \nTAKEAWAYS / FINAL THOUGHTS\nYouTube/ online video distribution is at a bit of a crossroads (as are so many other industries that blockchain could disrupt). Top content creators are starting to explore other platforms due to a perceived lack of fair revenue split. Some are also being censored or just outright banned. Most are not protected from copyright infringement. Couple this with advertisers being squeezed over pricing, ad-blockers and bot traffic, and it could be time for a major overhaul to online video distribution.\n \nBlockchain for digital media content is one answer to that crisis. There have been previous movers in this space. However, IPBC is doing it differently by removing the ad revenue entirely. This idea ALONE has the potential to be disruptive.\n \nRelative to their peers, I am more confident in a trustless, objective payment system based on viewership than one that depends on a person’s willingness to spend their limited “Likes” or their limited “Upvotes.”\n \nBut the real value appeal to me is the potential for mass adoption of IPBC/IPFS platform for website traffic monetization. There have been entire crypto projects solely created to focus on this idea (Oyster $PRL is one that comes to mind - $117m MC - but also offering distributed storage). Oyster’s traffic monetization idea comes with a disclaimer to a website viewer – something like: “click here before entering our website to mine for the website owner.” I, personally, believe that to be a bit of an overreach - to be required to mine just to view a website. For instance, if I want to shop for shoes on Nike’s website, I’m already going to be spending money there and now you want me to mine for you just to enter your site? I don’t think so. That’s a No for me on principle. However, if I’m already shopping on Nike’s website and I see a cool-looking video that I want to watch, I am MUCH MORE inclined to click Yes to watch the video. That’s just me. The whole website traffic monetization through video idea seems a lot more viable, and the passive income that could be created from this for millions of different websites worldwide??? ..…..well, that’s a valuation that is simply unquantifiable. \n \nThe author believes IPBC to have a much more viable chance at successfully implementing their platform/ convincing websites to use them than the aforementioned projects or any of the other website monetization or content management blockchain platforms with ads. Period. The ad-free component simply has much more appeal. Yes, it is a tiny bit invasive to technically “mine” for someone else. However, I have done it on a 4-year-old PC and did not even notice a difference when watching a video. I believe IPBC has the best viable solution to fairly compensate content creators, doing away with annoying ads, while maintaining a safe, censor-free, copyright protecting, decentralized system with no central point of control or failure. I think this could be the answer everyone has been waiting for. \n \nBrief CPU mining while viewing content is an entirely new concept, and that alone has value.\n \nThe IPBC project is completely under the radar, yet totally unique. They have been quietly in development for over a year and will finally now focus outwardly, since their blockchain launch a few weeks ago. Once the crypto world figures out what this is, and the potential value of this project, I believe it will skyrocket.\n \nOverall, I’m EXTREMELY bullish on IPBC. With so many avenues for revenue growth (I haven’t even touched on the TV and Educational broadcasting options), a completely new concept, at a time when the world wants transparency, objectivity and fairness and YouTube content creators are unhappy (and people hate ads), this project has come along at the right time. Overall, I think IPBC has the potential to be a top 10 performer in crypto markets in 2018, from their current valuation. Lofty goal, I know, but this little-known project has all the pieces for serious disruption if they can execute.\n \nIPBC can currently only be purchased on Livecoin.net but other exchanges are forthcoming, as well as a CMC listing. If you’re interested in buying some, please use my referral link below, as I’ve received no compensation for sharing my research :)\n\nhttps://livecoin.net/?from=Livecoin-s7PkzDN5\n\nVideo interviews with IPBC leadership are forthcoming. Thanks for reading! Comments/ suggestions/ insights welcome!\n\nBrent\n \nPlease follow me/us on:\n \nTwitter: @blockchainblitz\nMedium: @blockchainblitz\nIPBC: @blockchainblitz\nYouTube: @blockchainblitz\nSteemIt: @blockchainblitz\nReddit: u/blockchainblitz",
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"json_metadata": "{\"profile\":{\"profile_image\":\"https://pbs.twimg.com/profile_images/529052615351353345/IG4mbOKv_400x400.jpeg\",\"cover_image\":\"https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcRmRb88cb0BciuiyV_X-st1uV5rEvMYMNpbUhVzvvF3NqWKtfkg\",\"name\":\"BlockchainBlitz\",\"about\":\"Cryptocurrency investors on fundamental & technical analysis\"}}",
"memo_key": "STM7u3QDf7HAtqxoHiQp9DTYabY8urPzKqHdnmjjvgCPwZYCx1JxJ"
}
],
"op_in_trx": 0,
"timestamp": "2018-02-14T05:00:06",
"trx_id": "c991a0c3cfd291bcb4cc6a0d4faf3cc21d4fcdfe",
"trx_in_block": 44,
"virtual_op": 0
}steemcreated a new account: @blockchainblitz2018/02/14 04:18:51
steemcreated a new account: @blockchainblitz
2018/02/14 04:18:51
| active | {"account_auths":[],"key_auths":[["STM8PyYzzJLeqU6h1hVdtbtwKQ2a2i6A7Bcc7X48AiDGqyVCErbq4",1]],"weight_threshold":1} |
| creator | steem |
| delegation | 29700.000000 VESTS |
| extensions | [] |
| fee | 0.500 STEEM |
| json metadata | |
| memo key | STM7u3QDf7HAtqxoHiQp9DTYabY8urPzKqHdnmjjvgCPwZYCx1JxJ |
| new account name | blockchainblitz |
| owner | {"account_auths":[],"key_auths":[["STM5GyQ43QBqMyVdkS23Uy9XWs1PL6y4cxq6VEBLzF4EheN4qaGyQ",1]],"weight_threshold":1} |
| posting | {"account_auths":[],"key_auths":[["STM6zyk6GJrBeYxSLN3nqVp6kWtGQkJkFsd4r8jmp6gyYe6SdY8Ur",1]],"weight_threshold":1} |
| Transaction Info | Block #19852539/Trx 8ba73795cd09b456fb420386595ab5ba267f6043 |
View Raw JSON Data
{
"block": 19852539,
"op": [
"account_create_with_delegation",
{
"active": {
"account_auths": [],
"key_auths": [
[
"STM8PyYzzJLeqU6h1hVdtbtwKQ2a2i6A7Bcc7X48AiDGqyVCErbq4",
1
]
],
"weight_threshold": 1
},
"creator": "steem",
"delegation": "29700.000000 VESTS",
"extensions": [],
"fee": "0.500 STEEM",
"json_metadata": "",
"memo_key": "STM7u3QDf7HAtqxoHiQp9DTYabY8urPzKqHdnmjjvgCPwZYCx1JxJ",
"new_account_name": "blockchainblitz",
"owner": {
"account_auths": [],
"key_auths": [
[
"STM5GyQ43QBqMyVdkS23Uy9XWs1PL6y4cxq6VEBLzF4EheN4qaGyQ",
1
]
],
"weight_threshold": 1
},
"posting": {
"account_auths": [],
"key_auths": [
[
"STM6zyk6GJrBeYxSLN3nqVp6kWtGQkJkFsd4r8jmp6gyYe6SdY8Ur",
1
]
],
"weight_threshold": 1
}
}
],
"op_in_trx": 0,
"timestamp": "2018-02-14T04:18:51",
"trx_id": "8ba73795cd09b456fb420386595ab5ba267f6043",
"trx_in_block": 36,
"virtual_op": 0
}Manabar
Voting Power100.00%
Downvote Power100.00%
Resource Credits100.00%
Reputation Progress0.00%
{
"voting_manabar": {
"current_mana": "8143659806",
"last_update_time": 1779055845
},
"downvote_manabar": {
"current_mana": 2035914951,
"last_update_time": 1779055845
},
"rc_account": {
"account": "blockchainblitz",
"max_rc": "10164408779",
"max_rc_creation_adjustment": {
"amount": "2020748973",
"nai": "@@000000037",
"precision": 6
},
"rc_manabar": {
"current_mana": "10164408779",
"last_update_time": 1779055845
}
}
}Account Metadata
| POSTING JSON METADATA | |
| profile | {"profile_image":"https://pbs.twimg.com/profile_images/529052615351353345/IG4mbOKv_400x400.jpeg","cover_image":"https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcRmRb88cb0BciuiyV_X-st1uV5rEvMYMNpbUhVzvvF3NqWKtfkg"} |
| JSON METADATA | |
| profile | {"profile_image":"https://pbs.twimg.com/profile_images/529052615351353345/IG4mbOKv_400x400.jpeg","cover_image":"https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcRmRb88cb0BciuiyV_X-st1uV5rEvMYMNpbUhVzvvF3NqWKtfkg"} |
{
"posting_json_metadata": {
"profile": {
"profile_image": "https://pbs.twimg.com/profile_images/529052615351353345/IG4mbOKv_400x400.jpeg",
"cover_image": "https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcRmRb88cb0BciuiyV_X-st1uV5rEvMYMNpbUhVzvvF3NqWKtfkg"
}
},
"json_metadata": {
"profile": {
"profile_image": "https://pbs.twimg.com/profile_images/529052615351353345/IG4mbOKv_400x400.jpeg",
"cover_image": "https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcRmRb88cb0BciuiyV_X-st1uV5rEvMYMNpbUhVzvvF3NqWKtfkg"
}
}
}Auth Keys
Owner
Single Signature
Public Keys
STM5GyQ43QBqMyVdkS23Uy9XWs1PL6y4cxq6VEBLzF4EheN4qaGyQ1/1
Active
Single Signature
Public Keys
STM8PyYzzJLeqU6h1hVdtbtwKQ2a2i6A7Bcc7X48AiDGqyVCErbq41/1
Posting
Single Signature
Public Keys
STM6zyk6GJrBeYxSLN3nqVp6kWtGQkJkFsd4r8jmp6gyYe6SdY8Ur1/1
App Permissions
@dtube.app1/1
Memo
STM7u3QDf7HAtqxoHiQp9DTYabY8urPzKqHdnmjjvgCPwZYCx1JxJ
{
"owner": {
"account_auths": [],
"key_auths": [
[
"STM5GyQ43QBqMyVdkS23Uy9XWs1PL6y4cxq6VEBLzF4EheN4qaGyQ",
1
]
],
"weight_threshold": 1
},
"active": {
"account_auths": [],
"key_auths": [
[
"STM8PyYzzJLeqU6h1hVdtbtwKQ2a2i6A7Bcc7X48AiDGqyVCErbq4",
1
]
],
"weight_threshold": 1
},
"posting": {
"account_auths": [
[
"dtube.app",
1
]
],
"key_auths": [
[
"STM6zyk6GJrBeYxSLN3nqVp6kWtGQkJkFsd4r8jmp6gyYe6SdY8Ur",
1
]
],
"weight_threshold": 1
},
"memo": "STM7u3QDf7HAtqxoHiQp9DTYabY8urPzKqHdnmjjvgCPwZYCx1JxJ"
}Witness Votes
0 / 30
No active witness votes.
[]