{
  "block": 106150312,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "saadj",
      "delegator": "steem",
      "vesting_shares": "7119.455232 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2026-05-18T05:59:54",
  "trx_id": "f5a4573b37de55692f0263c9eaa3111d4c07cc6c",
  "trx_in_block": 1,
  "virtual_op": 0
}

{
  "block": 106003651,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "saadj",
      "delegator": "steem",
      "vesting_shares": "4407.244827 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2026-05-13T03:10:42",
  "trx_id": "17112c7d37bc50248004c535915635344bdcb7f9",
  "trx_in_block": 0,
  "virtual_op": 0
}

{
  "block": 105517803,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "saadj",
      "delegator": "steem",
      "vesting_shares": "7131.970988 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2026-04-26T05:12:00",
  "trx_id": "1e3996470026c1fce39e768e82f2ac8e9d4d0fc1",
  "trx_in_block": 0,
  "virtual_op": 0
}

{
  "block": 102870315,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "saadj",
      "delegator": "steem",
      "vesting_shares": "4448.791646 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2026-01-23T23:14:51",
  "trx_id": "e5fc4e76853fb970d3f1440773bcf3f04e7c0063",
  "trx_in_block": 2,
  "virtual_op": 0
}

{
  "block": 91316536,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "saadj",
      "delegator": "steem",
      "vesting_shares": "4613.010843 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2024-12-17T18:25:18",
  "trx_id": "060a000e8cfe6c0036bc3dc4b1c4996b46dcab51",
  "trx_in_block": 0,
  "virtual_op": 0
}

{
  "block": 79870689,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "saadj",
      "delegator": "steem",
      "vesting_shares": "4782.144375 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2023-11-14T10:06:33",
  "trx_id": "f90c0646210e454a0c000294e84ca38fb7394844",
  "trx_in_block": 4,
  "virtual_op": 0
}

{
  "block": 78362454,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "saadj",
      "delegator": "steem",
      "vesting_shares": "7719.053161 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2023-09-22T10:02:54",
  "trx_id": "9320d8b17b78de5b5c11c80f8f5da8bfcbcd6d99",
  "trx_in_block": 2,
  "virtual_op": 0
}

{
  "block": 69120247,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "saadj",
      "delegator": "steem",
      "vesting_shares": "7941.104599 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2022-11-03T17:33:09",
  "trx_id": "09ccb3e01493645359c424fbbd2ab6562add6702",
  "trx_in_block": 29,
  "virtual_op": 0
}

{
  "block": 60823532,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "saadj",
      "delegator": "steem",
      "vesting_shares": "8161.212200 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2022-01-17T22:46:54",
  "trx_id": "95c754123cf7ba6fe44cbf9e28ccda633d0591c8",
  "trx_in_block": 27,
  "virtual_op": 0
}

{
  "block": 54613874,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "saadj",
      "delegator": "steem",
      "vesting_shares": "8345.406488 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2021-06-14T05:58:33",
  "trx_id": "cdf95a985e6381d20b8109e0d4587d843945190a",
  "trx_in_block": 11,
  "virtual_op": 0
}

{
  "block": 49361149,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "saadj",
      "delegator": "steem",
      "vesting_shares": "8532.828462 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2020-12-11T16:11:21",
  "trx_id": "861c8e42e56ec8a03b23d5bb4dec04c39e6354e4",
  "trx_in_block": 1,
  "virtual_op": 0
}

{
  "block": 49212673,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "saadj",
      "delegator": "steem",
      "vesting_shares": "1912.543513 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2020-12-06T09:47:00",
  "trx_id": "2d1464b7c34135d8ea5153aae5969ddc9648199f",
  "trx_in_block": 3,
  "virtual_op": 0
}

{
  "block": 49196232,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "saadj",
      "delegator": "steem",
      "vesting_shares": "8539.036316 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2020-12-05T19:49:06",
  "trx_id": "0a1e4ce4b677d5dc3f279f5d739fe585c0b4c216",
  "trx_in_block": 0,
  "virtual_op": 0
}

{
  "block": 48270200,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "saadj",
      "delegator": "steem",
      "vesting_shares": "1920.017158 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2020-11-03T02:10:09",
  "trx_id": "5686d4dfd754c6d294958e94a469239eb42fc727",
  "trx_in_block": 6,
  "virtual_op": 0
}

{
  "block": 43222996,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "saadj",
      "delegator": "steem",
      "vesting_shares": "8741.841675 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2020-05-09T10:49:54",
  "trx_id": "2a0abe12cdd0eedfb2ad26ebd84b4e3863042f61",
  "trx_in_block": 8,
  "virtual_op": 0
}

{
  "block": 43199996,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "saadj",
      "delegator": "steem",
      "vesting_shares": "1953.311140 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2020-05-08T15:11:51",
  "trx_id": "353cf641ed8f5c515d4453f2e015f4ede198cc2a",
  "trx_in_block": 3,
  "virtual_op": 0
}

{
  "block": 39754161,
  "op": [
    "comment",
    {
      "author": "steemitboard",
      "body": "Congratulations @saadj! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@saadj/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/@saadj) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=saadj)_</sub>\n\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!",
      "json_metadata": "{\"image\":[\"https://steemitboard.com/img/notify.png\"]}",
      "parent_author": "saadj",
      "parent_permlink": "a-revised-timeline-for-vechainthor-wallet-migration-and-token-swap",
      "permlink": "steemitboard-notify-saadj-20200108t171214000z",
      "title": ""
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2020-01-08T17:12:15",
  "trx_id": "5aaa85111542b7addbd9e3b34132d01029287274",
  "trx_in_block": 5,
  "virtual_op": 0
}

{
  "block": 37790034,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "saadj",
      "delegator": "steem",
      "vesting_shares": "8848.240758 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2019-11-01T09:22:45",
  "trx_id": "31f36a923bf2459065877adf1db24203f68ebb7a",
  "trx_in_block": 20,
  "virtual_op": 0
}

{
  "block": 32667943,
  "op": [
    "vote",
    {
      "author": "saadj",
      "permlink": "a-revised-timeline-for-vechainthor-wallet-migration-and-token-swap",
      "voter": "cosmophobia",
      "weight": 500
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2019-05-06T10:53:42",
  "trx_id": "05d10d243d44ff9751972dfb8927401328ce7b91",
  "trx_in_block": 29,
  "virtual_op": 0
}

{
  "block": 29282337,
  "op": [
    "comment",
    {
      "author": "steemitboard",
      "body": "Congratulations @saadj! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@saadj/birthday1.png</td><td>1 Year on Steemit</td></tr></table>\n\n<sub>_[Click here to view your Board](https://steemitboard.com/@saadj)_</sub>\n\n\n**Do not miss the last post from @steemitboard:**\n<table><tr><td><a href=\"https://steemit.com/steem/@steemitboard/steemwhales-has-officially-moved-to-steemitboard-ranking\"><img src=\"https://steemitimages.com/64x128/https://cdn.steemitimages.com/DQmfRVpHQhLDhnjDtqck8GPv9NPvNKPfMsDaAFDE1D9Er2Z/header_ranking.png\"></a></td><td><a href=\"https://steemit.com/steem/@steemitboard/steemwhales-has-officially-moved-to-steemitboard-ranking\">SteemWhales has officially moved to SteemitBoard Ranking</a></td></tr><tr><td><a href=\"https://steemit.com/steemitboard/@steemitboard/steemitboard-witness-update-2019-01-07\"><img src=\"https://steemitimages.com/64x128/http://i.cubeupload.com/7CiQEO.png\"></a></td><td><a href=\"https://steemit.com/steemitboard/@steemitboard/steemitboard-witness-update-2019-01-07\">SteemitBoard - Witness Update</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**!",
      "json_metadata": "{\"image\":[\"https://steemitboard.com/img/notify.png\"]}",
      "parent_author": "saadj",
      "parent_permlink": "a-revised-timeline-for-vechainthor-wallet-migration-and-token-swap",
      "permlink": "steemitboard-notify-saadj-20190108t181020000z",
      "title": ""
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2019-01-08T18:10:21",
  "trx_id": "dd281e55db3a42469edaef7fd00589fdcc21a0ef",
  "trx_in_block": 8,
  "virtual_op": 0
}

{
  "block": 28046115,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "saadj",
      "delegator": "steem",
      "vesting_shares": "9045.716135 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-11-26T19:18:42",
  "trx_id": "f1d19fa696a376029388674b44043e4b07751443",
  "trx_in_block": 14,
  "virtual_op": 0
}

{
  "block": 26154356,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "saadj",
      "delegator": "steem",
      "vesting_shares": "29292.968110 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-09-22T01:35:42",
  "trx_id": "4a5bc58521abae6e52012a292f954d143daebb9d",
  "trx_in_block": 6,
  "virtual_op": 0
}

{
  "block": 24622296,
  "op": [
    "vote",
    {
      "author": "saadj",
      "permlink": "a-revised-timeline-for-vechainthor-wallet-migration-and-token-swap",
      "voter": "silverian",
      "weight": 10000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-07-30T07:20:03",
  "trx_id": "b73ab62eb4ec6e1fbab9315f7f991d92a86da4e5",
  "trx_in_block": 21,
  "virtual_op": 0
}

{
  "block": 24622291,
  "op": [
    "comment",
    {
      "author": "silverian",
      "body": "Wonder if you could help me? I downloaded the wallet onto an android 7 tablet  but when i tried to load it i got the following message\n'' Vechain Thor Wallet is not available in root mode''\nI only get the option to exit, any ideas on what to do next?",
      "json_metadata": "{\"tags\":[\"vechainthor\"],\"app\":\"steemit/0.1\"}",
      "parent_author": "saadj",
      "parent_permlink": "a-revised-timeline-for-vechainthor-wallet-migration-and-token-swap",
      "permlink": "re-saadj-a-revised-timeline-for-vechainthor-wallet-migration-and-token-swap-20180730t071945610z",
      "title": ""
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-07-30T07:19:48",
  "trx_id": "c5c3eba4c2e831251f819044edf1735bc7f67348",
  "trx_in_block": 13,
  "virtual_op": 0
}

{
  "block": 24515459,
  "op": [
    "comment",
    {
      "author": "cheetah",
      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://medium.com/@vechainofficial/a-revised-timeline-for-vechainthor-wallet-migration-and-token-swap-38de6aaa38aa",
      "json_metadata": "",
      "parent_author": "saadj",
      "parent_permlink": "a-revised-timeline-for-vechainthor-wallet-migration-and-token-swap",
      "permlink": "cheetah-re-saadja-revised-timeline-for-vechainthor-wallet-migration-and-token-swap",
      "title": ""
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-07-26T13:53:36",
  "trx_id": "c51fe931d0a6fa3935c3345f1333dd914e966170",
  "trx_in_block": 10,
  "virtual_op": 0
}

{
  "block": 24515458,
  "op": [
    "vote",
    {
      "author": "saadj",
      "permlink": "a-revised-timeline-for-vechainthor-wallet-migration-and-token-swap",
      "voter": "cheetah",
      "weight": 8
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-07-26T13:53:33",
  "trx_id": "a9114c2a89f57b716e9240fb6efdadf63ac69b93",
  "trx_in_block": 3,
  "virtual_op": 0
}

{
  "block": 24515454,
  "op": [
    "comment",
    {
      "author": "saadj",
      "body": "Your voice has been heard.\n\nThe world has entered the mobile computing age. Our goals and intentions are to adopt the go mobile strategy facilitating the mobile computing age in the ways that we knew our clients were accustomed. The VeChainThor Wallet will be the portal to all kinds of dapps on the VeChainThor Blockchain. This wallet will be chock full of features, services, and opportunities that the word wallet may even be limiting.\n\nWith the wallet being so important for our vision, we have made sure that the mobile wallet is as secure as it could possibly be. We dare say, it might be one of the most secure wallet in any market. We have utilized the weight of third party auditors and combed through every line of code to ensure security.\n\nIt was always in our plans to make VET a migratable asset easily integrating with third-party wallets while retaining your X Node status. This is one of the many designed perks of VeVID. But, we have heard your concerns and truly care to make sure you protect yourself the way you choose. Here is our revised plan:\n\nWe are in the process of confirming the release date (tentatively early August) of the VeChainThor Ledger application, will let you know as soon as it’s confirmed;\nThe VeChainThor Wallet releases — July 9;\nX̶ ̶N̶o̶d̶e̶ ̶B̶i̶n̶d̶i̶n̶g̶ ̶S̶e̶r̶v̶i̶c̶e̶ ̶w̶i̶l̶l̶ ̶b̶e̶ ̶f̶r̶o̶m̶ ̶J̶u̶l̶y̶ ̶9̶t̶h̶ ̶u̶n̶t̶i̶l̶ ̶1̶0̶ ̶d̶a̶y̶s̶ ̶a̶f̶t̶e̶r̶ ̶t̶h̶e̶ ̶V̶e̶C̶h̶a̶i̶n̶T̶h̶o̶r̶ ̶L̶e̶d̶g̶e̶r̶ ̶a̶p̶p̶ ̶i̶s̶ ̶a̶v̶a̶i̶l̶a̶b̶l̶e̶ ̶f̶o̶r̶ ̶m̶i̶g̶r̶a̶t̶i̶o̶n̶;̶\nMeanwhile the exchanges will provide token swap services to users around mid-July;\nThe mobile wallet token swap service will start on the same day that the X Node Binding Service ends;\nX Node monitoring will resume roughly three weeks after the mobile wallet token swap service is available;\nVeChain Foundation will backdate and compensate VTHO to token holders for the X Node binding and token swap period as the entire migration timeline is completed. Details to be announced.\nTo meet these new needs, we will add wallet observation function to the VeChainThor Mobile Wallet that enables users who prefer to create their VeChainThor Wallet addresses via other methods (i.e. hardware wallet or desktop wallet). This function will allow users to perform X Node Binding, token swap and X Node/Economic Node management via the mobile wallet. We believe this is the best way to strike a balance between our desired security level and user functionality.\n\nUsers intending to bind their X Node to their Ledger must wait for Ledger support. When support arrives you will create the VeChainThor address using the Ledger application and not through the VeChainThor mobile application. This Ledger address will also generate and store VTHO. Economic and X Node rewards distribute every Monday.",
      "json_metadata": "{\"tags\":[\"vechainthor\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}",
      "parent_author": "",
      "parent_permlink": "vechainthor",
      "permlink": "a-revised-timeline-for-vechainthor-wallet-migration-and-token-swap",
      "title": "A Revised Timeline for VeChainThor Wallet Migration and Token Swap"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-07-26T13:53:21",
  "trx_id": "f86ed8ce3b45bd40f0e58b4bff2ac2777cb6d6d1",
  "trx_in_block": 32,
  "virtual_op": 0
}

{
  "block": 22978888,
  "op": [
    "comment",
    {
      "author": "saadj",
      "body": "Enthusiasm is great, but can also turn into addiction. Christopher Burn, probably the world's first therapist for cryptocurrency addiction, tells in an interview how to recognize the new disease and how to treat it.\n\nDo you know that? You log in to seven crypto exchanges every day and update Coinmarketcap, Reddit, Coinforum, Twitter, and other info sources about Bitcoin and Co. every ten seconds. Once you're not connected to the Internet, if only because you're taking a shower and think of missing something; and even before you have dried yourself, you grab your smartphone quickly ...\n\nIf you do not just know it, but experience it every day, you might be suffering from Bitcoin or cryptocurrency addiction. The Scottish rehabilitation center \"Castle Craig Hospital\" recently added this disease to its treatment program. Thus, the medicine sector confirms what especially some partners of crypto-junkies already suspect - that Bitcoin is neither a money nor a store of value, but a strong addiction.\n\ncch.jpg\n\nKindly, Christopher Burn, the lead therapist at the clinic's crypto department, gave an interview and answered ten questions. He joined Castle Craig in 1988 as Financial Director and retrained as a therapist in 1994. Chris formerly trained and worked as a Chartered Accountant in London, Paris and Malta and ran a small hotel in the Scottish Borders.\n\nchris_burn-485x445.jpg\n\nOn your website you call cryptocurrency addiction a \"modern epidemic\". How many people are affected?\nWe have no information on how many people are addicted to cryptocurrency trading.\n\nAt what symptoms can one recognize a cryptocurrency addiction?\nTypical symptoms are:\n\nYou spend a great deal of time on activities related to the trading of cryptocurrencies. To check the price, think about how to act. Other occupations, such as work, social interaction or sport are neglected.\n\nDebt and financial problems\n\nLies to friends and family members about your own activities\n\nFluctuating moods, the feeling of hopelessness and depression\n\nFear expressed in physical symptoms such as sweating or shivering\n\nUnrealistic views, such as being happy or ignoring losses\n\nTry to control the activities, but to no avail\n\nAre there different levels of cryptocurrency addiction?\nProbably. But as soon as negative consequences, no matter what, occur, the problem should be recognized and treated before it gets worse.\n\nHow does the addiction go if left untreated?\nAs with most forms of gambling, a first-time profit is likely to turn into losses. This initially causes trouble and leads to an attempt to offset the losses by more games. This is followed by a period of despair, because such attempts have exacerbated the problem, which in the end leads to complete despair and possibly even suicide.\n\nHow can you help yourself when you feel addicted?\nOne should seek help, either from professional addiction counselors or self-help organizations, such as the anonymous gambler. If you think you have a problem, you probably have one too.\n\n\nWhat should be done if the friend or husband is infected with the addiction?\nYou can not compromise with the addict. Any kind of help, such as paying debts, only allows the person concerned to continue the dependency, which is likely to have even more drastic consequences. Saying 'no' can be difficult, but it is important. This is called 'severe love'.\n\nWhen do you need the help of a doctor or therapist?\nMedical help should be sought without hesitation when a person's physical and mental status gives a reason to raise the alarm: for example, when gambling addiction becomes depression, suicidal thoughts appear, or signs of extreme physical stress, such as sweating or shaking, and so on continue.\n\nHow do you treat people with a cryptocurrency addiction?\nAt Castle Craig Hospital, we consider all forms of dependency a disease that can never be completely cured. However, one can achieve relief and liberation. In this regard, cryptocurrency acts like any other addiction. It can reappear any time - but if the person concerned stays consistent and follows a particular program, such as Castle Craig's, he can live happily and free from addictions.\n\ncastle-craig.jpg\nLiving room at Craig Castle.\n\nWill an addict ever be able to read news about cryptocurrencies without running the risk of relapsing back?\nI would not say 'never again', but any kind of addiction is potentially life-threatening when it's active and therefore those who have recovered from it should be careful and avoid risks. We recommend that you do not challenge yourself. Why? Why should one read or otherwise be related to an activity that is known to drive one into suicide?\n\nHow many patients with a cryptocurrency addiction do you have?\n25 percent of our patients suffer from a form of gambling addiction. Some of them have also participated in cryptocurrency trading. It is rare for a patient to be addicted to cryptocurrency trading (we have had one), but requests from potential patients for this form of gambling addiction are increasing.\n\nBonus Question: Can you pay for the treatment at Castle Craig Hospital with Bitcoins?\nNo\n\nb1.jpg\n\nYes, Bitcoin uses a lot of electricity. But this does not mean that the cryptocurrency is destroying the climate. Because the ecological footprint of Bitcoin should be much smaller than you think at first glance.\n\nRecently, economist Alex de Vries has published a paper on \"Bitcoin's Growing Energy Problem\" in the journal Joule. Vries, who works for the consulting firm PricewaterhouseCoopers, has been working on Bitcoin power consumption for some time. On his website Digiconomist he presents this with the Bitcoin Energy Consumption Index.\n\nb2.JPG\n\nAccording to Vries Paper, bitcoin miners currently consume at least 2.55 gigawatts, but are more likely to consume about 7.67 gigawatts. This would allow Bitcoin to consume almost as much electricity as Austria (8.2 gigawatts). This value is of course a scandal that finds an echo in the German media. For example, T3N, Zeit or the Süddeutsche Zeitung reported on the paper. Spiegel Online brings an interview with de Vries, in which he even calls for \"an international agreement, preferably under the leadership of the UN\" to manage the energy consumption of the mining.\n\nIs it really that bad with the mining? How reliable are the values of de Vries? Is Bitcoin threatening to destroy the success of the energy revolution, as the Spiegel asked at the end of 2017? Or is the reality a bit more complicated?\n\nIn the following I will try to bring some clarity to these questions.\n\nNo matter how you calculate it - it's a lot\nLet's start with how to measure Bitcoin's power consumption. The vast majority of power consumption goes back to the miners competing to attach a new block to the blockchain. How much they consume is hard to find out.\n\nWe know how high Bitcoin's Hashrate is - about 35 million terahash, which means that all miners together make about 35 trillion hashes per second. But we do not know with which devices they are produced. Is it the modern, energy-efficient Antminer S9? What is the contribution of miners to the older generation? Are graphics cards still connected? The power consumption depends extremely on which devices are used. And we do not know that.\n\nb3.JPG\nThe estimated number of tera hashes per second (trillions of hashes per second) the Bitcoin network is performing.\n\nIf you start with the Hashrate, you can at best calculate a minimum value: You take a current miner - the Antminer S9 - and pretend that the entire mining network consists exclusively of it. An S9 generates 13 Terahash with a power consumption of 1300 watts. That would take around 2.7 million Antminer S9 to apply the bitcoin hashrates, giving us 3.5 gigawatts of power. This would be, as we have said, a lower bound that can be multiplied by any estimate (x1,5; x2; ...).\n\nDe Vries starts his estimation at the other end: In the income. He assumes that the miners will produce hash power until they make only a marginal profit. Then he estimates how much money they invest in mining, which part of it goes into electricity, and what prices the miners pay. He assumes a share of electricity of 60 percent and an electricity price of 5 US cents per kilowatt hour.\n\nWith these values, Vries comes to the conclusion that Bitcoin consumes at least 2.55, but probably rather 7.67 gigawatts. The Bitcoin Energy Consumption Index on its website translates this value (7.67 gigawatts) into an annual consumption of 69 terawatt hours. That's about as much as six to eight decent nuclear power plants produce and consume more than the country's Czech Republic.\n\nOf course you can doubt Vries method. However, as we have seen, even an optimistic minimum estimate is due to the power consumption of the Antminer S9 at 3.5 gigawatts. This makes it relatively likely that Vries' values are relatively correct. What is often radically wrong, however, is the interpretation of this result.\n\nCheap electricity is usually green electricity\nAt first glance, that does not sound good. We replace incandescent bulbs with LED lights, build refrigerators and washing machines that use less and less electricity, and set up thousands of wind turbines - and then Bitcoin comes in, consuming 69 terawatt hours a year. Does the cryptocurrency ruin everything? Was the energy turnaround and all the energy saving in vain?\n\nSuch questions are obvious, but they are wrong because they compare things that you can not compare. Because there is no direct relationship between the amount of electricity produced and the ecological footprint.\n\nA simple comparison: Living in the vicinity of coal-fired power plants will pollute the environment every kilowatt-hour consumed. If he lights up an LED lamp for an hour a day, he will do more damage to the environment than if someone was wasting renewable energy, such as when the Icelandic capital Reykjavik heats their sidewalks with geothermal energy in winter. It does not depend on how much, but on what. It is better to waste electricity from renewable sources than to save electricity from coal.\n\nOf course, with Bitcoin, we do not know where the miners are and what their power is. The only thing we know is that the miners go where the power is cheap. While other industries are more localized and dependent on a mix of cost factors, miners are highly mobile and see power costs as by far the most important competitive factor. There should be no industry that is so attracted by low electricity prices.\n\nAccording to Statista, countries with surprisingly low electricity costs are Sweden, Finland and Canada. These three countries have in common that they have a relatively high share of renewable energy, primarily hydropower. In Canada, according to a study by the Fraunhofer Institute, electricity prices in the province of Quebec are lowest. Quebec has one of the world's highest shares of hydropower - and is considered a miners' paradise.\n\nSimilarly in Sweden, Norway, Finland, the US and, above all, Iceland: electricity is most favorable where it can be produced most easily and with a surplus. This usually does not mean building a coal or nuclear power plant - both of which are usually only competitive with government subsidies, if one adds the follow-up costs - but using the natural conditions to harness energy. This is true even for Germany, where wind power is now the cheapest way to create new power capacity. Hydropower and geothermal energy are, of course, much cheaper on an international basis, which is why it is likely that most of Bitcoin's hash rate comes from these environmentally friendly forms of energy.\n\nAt this point, it would be possible to express a not entirely absurd supposition: that Bitcoin's biological footprint, despite its enormous energy consumption, is better than that of a Rhenish industrial area. Because the German electricity is often not only expensive but also dirty.\n\nCheap coal power as a result of the wrong policy\nWe stick to this argument, but let it go in a different direction.\n\nThe Bitcoin miners inevitably settle in locations where electricity is cheap. Any kind of electricity that is sold at prices below 5 or 6 dollar cents is suitable for miners. In most cases, such electricity comes from hydropower or geothermal energy, as this energy can be generated and scaled in a relatively simple and convenient way, provided the natural conditions are met. In many northern countries or provinces there is an excess of clean energy that is mined by the miners. The ecological footprint of such mining farms is zero. An LED light in a South German household causes more damage.\n\nThe coal power plant at Weisweiler:\nb4.jpg\n\nIf mining is worthwhile, it means that there is an oversupply of electricity in a region: that a producer is willing and able to produce more electricity than citizens and businesses consume. It means that a region either produces a lot of electricity but does not have any industries consuming it - such as Iceland or Quebec in Canada - or that the industry is idle in that area, such as the so-called Rust Belt in the Northeastern United States, but the energy technology infrastructure has not been sufficiently dismantled.\n\nIn most cases, waste takes place before the miners settle. Should there actually be a nuclear power plant or coal-fired power plant that works without there being a need to drive electricity prices to a mining-prohibitive level, this in itself is likely to be an ecological scandal. If a government nowadays expands or maintains non-renewable energy producers for which the market has no need, then it sets serious economic-ecological disincentives. These are exploited by miners, but usually corrected relatively quickly.\n\nFor example, Venezuela subsidized electricity production to the extent that it had the cheapest tariffs in the world. This attracted scores of miners, some of whom have generated bitcoins profitably with old - ie extremely inefficient - devices. As a result, the electricity became increasingly scarce locally, and when a mining farm once even caused a blackout in a whole neighborhood, the government intervened and closed the farm.\n\nSimilarly in China, where miners had spread to wherever the government's planned economy provided abundant power for new industrial sites. In part, the miners smelt the fruits of planning mistakes, such as setting up their Asic farms in ghost towns with large power plants, but in some cases they were also draining power needed by other industries. As soon as the miners come into conflict with the power hungry of the \"real\" industry, the government intervenes here as well. As a result, more and more Chinese miners are moving their machines to places where renewable electricity is cheap and surplus in abundance.\n\nUnder normal circumstances, maladministration usually corrects itself. Sometimes, however, it happens that a region or government creates or maintains overcapacity from coal or nuclear power. In this case, in the worst case scenario, miners prevent such overcapacity from being reversed due to lack of demand.\n\nSuch maladministration is pretty easy to do away with. The government only has to do what it takes for a modern, ecologically oriented energy policy to understand itself: make sure that electricity from non-sustainable production is more expensive than renewable energy. If that were the standard, bitcoin mining could not be harmful to the environment at all.",
      "json_metadata": "{\"tags\":[\"cryptocurrency\",\"blockchain\",\"crypto-addiction\",\"bitcoin\",\"power-consumption\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}",
      "parent_author": "",
      "parent_permlink": "cryptocurrency",
      "permlink": "scottish-rehabilitation-center-treats-cryptocurrency-addiction-why-the-high-power-consumption-of-bitcoin-is-probably-not-a",
      "title": "Scottish rehabilitation center treats cryptocurrency addiction / Why the high power consumption of Bitcoin is probably not a problem for the environment"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-06-02T20:13:18",
  "trx_id": "c6762859421560cbb62d6bffe7075ac6089f0e91",
  "trx_in_block": 43,
  "virtual_op": 0
}

{
  "block": 22948573,
  "op": [
    "comment",
    {
      "author": "saadj",
      "body": "Introduction\nAs we near the launch of the EOS mainnet, BitSpace has been working with a team of DevOps and security experts from Praqma. During this period we have started upgrading our architecture plan to enterprise level.\n\nWe aim to constantly enhance our standards. Leveraging our experience with previous DPOS systems such as Bitshares and Steem and collaborating with experienced IT consultancy firms allows us to add an extra layer of expertise to the Block Producer server infrastructure.\n\nOur aim with this post is to provide valuable information to the EOS ecosystem and fellow Block Producer candidates, and do our part in the community tech debate. The results outlined below do not jeopardize our security measures and are intended for informational purposes only. This report is focused on running a Block Producer, not on launch practices.\n\nArchitecture\nOur Block Producer at Green Mountain will be completely isolated from the outside world. Two high speed lines and VPN connections will connect them to multiple seed nodes, in the cloud (see diagram below).\n\n\n\nThe seed nodes in the cloud will be using the latest cloud-based DDoS protection systems available today. We will be using multiple clusters of seed nodes spread throughout multiple cloud providers and again spread over multiple regions. This makes an attack very hard to coordinate. If a cluster is compromised, it can be shut down and all traffic passed over to an alternate cluster.\n\nWithin one of our seed node clusters we will have multiple seed nodes running under a load balancer, a NAT gateway and a Jumpbox. A Jumpbox is a secure computer that all admins first connect to before launching any administrative task or use as an origination point to connect to other servers or untrusted environments. A NAT gateway is used to enable instances in a private subnet to connect to the internet or other cloud services but prevent the internet from initiating a connection with those instances.\n\nIn addition, we will have one primary physical seed node cluster close to Green Mountain with a similar non-cloud setup. The Block Producer will sit behind an IPV6 connection which will only be known to the admins of BitSpace. That way it is not traceable from the internet.\n\nThroughout all of this the Block Producer will be isolated and protected with its own physical firewalls and DDoS systems. Redundant BPs with their own VPNs will be waiting in an alternate location in the unlikely case that the primary BP is compromised or fails.\n\nThe BitSpace DevOps and Security architecture is work in progress and under constant development. We will post updates as we make changes and improvements to the proposition. We welcome feedback from the EOS community and actively encourage discussion around the choices we have made so far.\n\nBitSpace looks forward to a successful launch and we hope the EOS community can benefit from the information provided. Go EOS!",
      "json_metadata": "{\"tags\":[\"eos\",\"eosgo\",\"blockproducer\",\"crypto\",\"security\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}",
      "parent_author": "",
      "parent_permlink": "eos",
      "permlink": "bitspace-eos-block-producer-devops-and-security-update",
      "title": "BitSpace EOS Block Producer DevOps and Security Update"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-06-01T18:56:33",
  "trx_id": "752558e69d371f88a1b4d5f4555868c3cb48193b",
  "trx_in_block": 10,
  "virtual_op": 0
}

{
  "block": 22919726,
  "op": [
    "vote",
    {
      "author": "saadj",
      "permlink": "can-we-predict-crypto-currency-prices-english-turkish",
      "voter": "sensation",
      "weight": 10000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-05-31T18:53:18",
  "trx_id": "d6ad240b1c41b766ae7fcd1fae74ac332f26db8e",
  "trx_in_block": 0,
  "virtual_op": 0
}

{
  "block": 22918632,
  "op": [
    "account_update",
    {
      "account": "saadj",
      "json_metadata": "{\"profile\":{\"cover_image\":\"https://cdn.steemitimages.com/DQmRpC3GKYkpLmKWhvxsc65ZJtnpGzcy1iL1M4kWz7vj48K/mclaren-mp4-12c1.jpg\",\"about\":\"Crypto Analyzer\"}}",
      "memo_key": "STM7vPGhJ2bsr5nNyP8RQ1iZz4qHDvpPBKGW29tsmnw8Tx1awxoxk"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-05-31T17:58:36",
  "trx_id": "adb05a474d30c3f98a8fe53cc41ff58ff36df937",
  "trx_in_block": 49,
  "virtual_op": 0
}

{
  "block": 22918211,
  "op": [
    "vote",
    {
      "author": "hatu",
      "permlink": "re-saadj-can-we-predict-crypto-currency-prices-english-turkish-20180531t173556657z",
      "voter": "saadj",
      "weight": 10000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-05-31T17:37:33",
  "trx_id": "dc20f14b768b37714693806854517da3bc4f09c5",
  "trx_in_block": 49,
  "virtual_op": 0
}

{
  "block": 22918184,
  "op": [
    "vote",
    {
      "author": "saadj",
      "permlink": "can-we-predict-crypto-currency-prices-english-turkish",
      "voter": "hatu",
      "weight": 10000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-05-31T17:36:12",
  "trx_id": "07fcf61884149156bd211a8f72a53937b7cfd654",
  "trx_in_block": 33,
  "virtual_op": 0
}

{
  "block": 22918182,
  "op": [
    "comment",
    {
      "author": "hatu",
      "body": "Hi, thank you for contributing to Steemit! \n\nI upvoted and followed you; follow back and we can help each other succeed :) \n\nP.S.: [My Recent Post](https://steemit.com/ico/@hatu/cardstack-can-flex-business-analysis)",
      "json_metadata": "{\"tags\":[\"steem\"],\"links\":[\"https://steemit.com/ico/@hatu/cardstack-can-flex-business-analysis\"],\"app\":\"steemit/0.1\"}",
      "parent_author": "saadj",
      "parent_permlink": "can-we-predict-crypto-currency-prices-english-turkish",
      "permlink": "re-saadj-can-we-predict-crypto-currency-prices-english-turkish-20180531t173556657z",
      "title": ""
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-05-31T17:36:06",
  "trx_id": "60a8c1e5af12031582d3ae887ee2068100d95092",
  "trx_in_block": 15,
  "virtual_op": 0
}

{
  "block": 22918015,
  "op": [
    "comment",
    {
      "author": "saadj",
      "body": "I've always liked things that require calculations. I studied engineering, and I spent almost all of my professional career analyzing data. I started wondering if I could predict asset prices when I could apply analytical methods at a certain maturity level. If you can predict the price development of a stock or currency, you can become rich in a very short period of time. So the prize is huge.\n\nThere are thousands of people in the economy media who express views on the development of asset prices. There is also millions of people that follows these people. When I look at the situation, I conclude that asset prices are predictable. On the other hand, I witnessed extraordinary intelligent, well-educated, experienced and hardworking managers in the bank I used to work who could make these predictions well in accordance with their profession and they didn't care. Who was right? Those trying to predict stocks or currencies or the bankers who focus on their daily business without worrying about such a prediction?\n\nI have always followed the prices of currencies, stocks, real estate, bonds, although it is never my primary hobby to predict asset prices. I followed the economic media by my profession and tried to understand the price correlations between general economic trends and asset classes. I experienced the Asian crisis, the 2001 crisis, where the 9/11 disaster was exacerbated, and the 2008 crisis, which could led to the end of capitalism, as a banker and as a modest investor. My mind was always engaged in the money markets with an instinct to understand the relationships between events. However, I never fully focused my mind on the subject, like Director Darren Aronofsky's film PI's main character.\n\n\n\nImage source: indiewire.com\n\nAs stated in the movie PI, if nature speaks with the language of mathematics, the secret of asset prices is to be hidden in the equations. Money markets are unfortunately not expressed in simple mathematical equations. In fact, the mechanism is very simple, this simple mechanism creates complex patterns. We know that price is the result of the relationship between supply and demand. However, supply and demand are not at all a harmonious pair, they give us many surprises. A small spark or sensational event can cause markets to get out of control. After major price changes, everyone is trying to explain why the major price change actually occurred. Of course, the dramatic price movement, which is made up of these explanations, does not explain us why it did not happen in the past months or even years, when there were almost the same conditions. Markets have a chaotic structure, which makes it very difficult to predict the future. I came to this idea after reading a book that describes the order and chaos in the money markets through Mandelbrot sets. Mandelbrot sets show us how complex numbers form complex patterns with equations that appear to be simple.\n\n\nSource: https://giphy.com\n\nThe irrational price formations in the markets are of course not only due to the chaotic nature of the markets. When prices over-fall or over-rise, people start to believe that the trend will last longer. It is a good example that even after oil prices fell from $50 to $20 in recent years, no one came back to buy oil, and oil prices dropped to about 14 dollars. The price of Brent oil is at 75 dollars today. The times of untimely pessimism are followed by exaggerated euphoria. Human psychology is so dominant on the market that behavioral economics has become very popular in recent years.\n\nWhen director Darren Aranovsky's Black Swan film was shown in year 2010, it attracted a great deal of interest and was widely acclaimed by large audiences. Contrary to movie PI, the film had nothing to do with money markets. The author, Nassim Nicholas Taleb's book, Black Swan, which has the same name as the film, described how the \"Black Swan\" events in the money markets overrule the traditional methods of analysis. The author gave examples such as the rise of the internet and personal computers, 9/11 disaster and First World War to the events of \"Black Swans\", indicating that great fortune changes occurred during these events. The author stated that people developed collective blindness against the possibility of such events. The book describes how these events, which are very rare, but which have profound effects on the market, invalidate complex models.\n\n\nWhen we consider;\n\nchaos math, which is inherent in money markets and can create butterfly effect,\npeople tend to be easily overwhelmed by panic or euphoria,\nand the Black Swan events,\nwe see how difficult it is to predict the price of crypto currencies. So shall we put aside all the analysis methods and act with our feelings? I believe in determinism, in essence, that points to a foreseeable future. There may be ups and downs in the market in the short term, but in the long term history continues to flow softly in its bed like a river.\n\nAlan Greenspan stated in his book The Age of Turbulance that the world economy had a growth average of 3 percent for many years. This growth rate represents the annual capacity of humanity to innovate. In some years, even though it has occurred below or above this rate, asset prices will rise steadily in a growing economy. This indicates that asset prices are predictable. With a long-term investment perspective and a diversified portfolio, you can always win. In the same book, it is stated that an investment bank knows the value of the dollar in a stable way, compared to other currencies. When Greenspan asks wondering how this is possible, they tell them that they set the price. This anecdotal shows that only those with a very large financial asset can predict the prices in the short term. The lesson I learned from this was that since I didn't have the assets to dominate the market, I should not try to predict short-term price movements.\n\nCONCLUSION\n\nAlthough technical analysis methods that try to predict short-term price movements sometimes produce useful results, I think it is very difficult to predict the price of crypto currencies for short term. On the other hand, long-term prices can be predicted since there is a concrete economy working behind. My investment strategy is to invest in reliable assets when their prices are very low.\n\nHow do we decide that the price of an asset is low? I think we can take the average of prices until the oldest date we can find for that asset.\n\nI analyzed the prices of Steem to link all these theoretical discussions to a concrete conclusion.\n\nSince 18 April 2016, Steem started trading on the market, 772 days have passed since. I put the prices of these days in the chart below and added a trend line in Excel. The graph below shows the trend line of the price of Steem. The R square value of the trend line is quite low, but the price of such a frivolous asset would probably not be considered a different situation. I have made a price estimate for 365 days by extending our trend line forward for exactly 365 days.\n\n\n\nThe formula of the above trend line:\n\nSteem Price(USD) = number of days since the beginning of steem * 0.0039-0.1277\n\nAccording to the trend line above, Steem's expected actual price is 2.89 USD and the forecast price for 365 days is 4.31 USD.\n\nYou may wonder why I used such a simple model. When the model becomes complex, the risk of overfitting incresases.\n\nThe amateurish comments I made about the Steem price above are not investment advice, as I am not an investment expert.\n\nThanks for reading.\n\nCover Image Source: https://pixabay.com\n\npage break.PNG\n\nYAZININ TÜRKÇE VERSİYONU\n\nHesap gerektiren işleri öteden beri severim. Mühendislik okudum ve çalışma hayatımın neredeyse tamamında veri analiziyle uğraştım. Analitik yöntemleri uygulamak konusunda belirli bir olgunluk seviyesine gelince varlık fiyatlarını tahmin edip edemeyeceğimi merak etmeye başladım. Bir hisse senedi ya da para biriminin fiyat gelişimini kısmen de olsa tahmin edebilirseniz çok kısa bir süre içinde zengin oluyorsunuz. Dolayısıyla merak edilmeyecek gibi değil.\n\nEkonomi medyasında varlık fiyatlarının gelişimine ilişkin görüş bildiren binlerce insan var. Bu insanları takip eden çok geniş bir kitle de var. Bu duruma baktığımda varlık fiyatlarının tahmin edilebilir olduğu sonucuna ulaşıyordum. Diğer taraftan çalıştığım bankada meslekleri gereği bu tahminleri iyi yapabilecek olağanüstü zeki, iyi eğitimli, deneyimli ve çalışkan yöneticilerin varlık fiyatlarını tahmin etmek konusunda hiçbir gayret göstermediklerine tanık oluyordum. Hisse senedi ya da para birimlerini tahmin etmeye çalışanlar mı haklıydı, böylesi bir tahminle hiç ilgilenmeden gündelik işlerine odaklanan bankacılar mı?\n\nVarlık fiyatlarını tahmin etmek hiçbir zaman birincil hobim olmasa da para birimlerinin, hisse senetlerinin, gayrimenkullerin, tahvillerin fiyatlarını hep izledim. Biraz da mesleğim gereği ekonomi medyasını takip ettim, genel ekonomik gidişat ve varlık sınıfları arasındaki fiyat korelasyonlarını anlamaya çalıştım. 98 Asya krizini, 11 Eylül felaketinin iyice alevlendirdiği 2001 krizini, kapitalizmin artık bittiğini düşündüren 2008 krizini bir bankacı ve mütevazı bir yatırımcı olarak yaşadım. Olaylar arasındaki ilişkileri anlamaya eğilimli zihnim bir yanıyla hep para piyasalarıyla meşgul oldu. Ancak hiçbir zaman zihnimi yönetmen Darren Aronofsky'nin 1998 yapımı filmi Pi'nin baş karakteri gibi konuya tümüyle odaklamadım.\n\nPi filminde ifade edildiği üzere doğa matematiğin diliyle konuşuyorsa varlık fiyatlarının sırrı denklemlerin içinde gizli olsa gerektir. Para piyasaları ne yazık ki basit matematiksel denklemlerle ifade edilemiyor. Daha doğrusu aslında mekanizma çok basit ama bu basit mekanizma karmaşık örüntüler ortaya çıkarıyor. Fiyatın arz ve talebin ilişkisi sonucu oluştuğunu biliyoruz. Ancak arz ve talep hiç de uyumlu bir ikili değil, bize birçok sürpriz çıkarıyorlar. Ortada hiçbir geçerli neden yokken piyasalarda aniden çok büyük ani fiyat hareketleri olabiliyor. Küçük bir kıvılcım ya da sansasyonel bir olay piyasaların kontrolden çıkmasına neden olabiliyor. Büyük fiyat değişimleri oluştuktan sonra herkes kendince krizin aslında neden oluştuğunu açıklamaya girişiyor. Bu açıklamalar oluşan dramatik fiyat hareketinin neredeyse aynı koşulların geçerli olduğu geçmiş aylar hatta yıllarda neden gerçekleşmediğini elbette bizlere göstermiyor. Piyasaların kaotik bir yapısı var bu durum gelecek hakkında öngörü yapmayı çok zorlaştırıyor. Bu fikre para piyasalarındaki düzen ve kaosu Mandelbrot setleri üzerinden anlatan bir kitabı okuduktan sonra vardım. Mandelbrot setleri bize karmaşık sayı dizilerinin basit gibi görünen denklemlerle ne denli karmaşık örüntüler oluşturduğunu gösteriyor.\n\nPiyasalardaki irrasyonel fiyat oluşumları elbette sadece piyasaların kaotik doğasından kaynaklanmıyor. Fiyatlar aşırı düştüğünde ya da aşırı yükseldiğinde insanlar oluşan trendin daha uzun süre devam edeceği inanmaya başlıyorlar. Petrol fiyatlarının geçtiğimiz yıllarda 50 dolar seviyesinden 20 dolara düştükten sonra bile kimsenin dönüp petrol almaya yanaşmaması ve petrol fiyatlarının bunun üzerine 14 dolara kadar düşmesi bunun güzel bir örneği. Fiyatı 20 dolarken halen alınmayan brent petrolün fiyatı bugün 75 dolar seviyesinde. Geçtiğimiz Aralık ayında Bitcoin'de yaşanan abartılı fiyat hareketleri de piyasa aktörlerinin bazen ne denli büyük bir coşkuya kapıldıklarının güzel bir göstergesi. Abartılı coşku dönemlerini yersiz karamsarlık zamanları izliyor. İnsan psikolojisinin piyasalar üzerinde o kadar etkili oluyor ki bu etkilerini araştıran davranışsal iktisat son yıllarda çok popüler hale geldi.\n\nYönetmen Darren Aranovsky'nin 2010 yılı yapımı Siyah Kuğu filmi gösterildiği zaman büyük ilgi görmüş ve geniş kitleler tarafından çok beğenilmişti. Başrol oyuncusu Natalie Portman'a en iyi kadın oyuncu Oskar'ını kazandıran filmin Pi'nin aksine para piyasaları ile bir ilgisi yoktu. Yazar Nassim Nicholas Taleb'in film ile aynı adı taşıyan Siyah Kuğu isimli kitabında ise para piyasalarında gerçekleşen \"siyah kuğu\" olaylarının geleneksel analiz yöntemlerini nasıl geçersiz kıldığı anlatılıyordu. Yazar \"siyah kuğu\" olaylarına internet ve kişisel bilgisayarların yükselişi, 11 Eylül saldırısı ve I. Dünya Savaşı gibi örnekler veriyor, büyük servet değişimlerinin bu olaylar sırasında gerçekleştiğini belirtiyordu. Yazar bu türden olayların gerçekleşme olasılığına karşı insanların kolektif bir körlük geliştirdiğini ifade ediyordu. Kitapta çok seyrek görülen ancak gerçekleştiğinde piyasaya köklü etkileri olan bu türden olayların karmaşık modelleri nasıl geçersiz kıldığını anlatılıyordu.\n\nPara piyasalarının doğasında bulunan ve kelebek etkisi yaratabilen kaos matematiği, insanların panik ya da coşkuya kolayca kapılma eğilimi ve siyah kuğu olaylarını dikkate aldığımızda kripto para fiyatlarını tahmin etmenin ne denli güç olduğunu görüyoruz. O zaman tüm analiz yöntemlerini bir kenara bırakıp hislerimizle mi hareket etmeliyiz? Hayır, ben özünde öngörülebilir bir geleceği işaret eden determinizme inanıyorum. Kısa vadede piyasada iniş çıkışlar olabilir ama uzun vadede tarih bir nehir gibi usulca yatağında akmaya devam eder.\n\nAlan Greenspan Türbülans Çağı isimli kitabında dünya ekonomisinin uzun yıllar büyüme ortalamasının yüzde 3 olduğunu ifade etmişti. Bu büyüme oranı insanlığın yıllık inovasyon kapasitesini ortaya koyuyor. Bazı yıllarda bu oranın altında ya da üstünde gerçekleşmeler olsa da büyüyen bir ekonomide varlık fiyatları da istikrarlı bir biçimde yükselecek demektir. Bu durum varlık fiyatlarının öngörülebilir olduğuna işaret eder. Uzun vadeli bir yatırım perspektifi ve çeşitlendirilmiş bir portföyle her zaman kazanmak mümkün olabilir. Yine aynı kitapta bir yatırım bankasının doların diğer para birimlerine kıyasla değerini istikrarlı bir biçimde doğru bildiği anlatılır. Greenspan hayretle bunun nasıl mümkün olabildiğini sorduğunda fiyatları kendilerinin belirlediğini anlatırlar. Bu anekdot çok büyük finansal varlığa sahip olanların kısa vadede de fiyatları bilebildiğini gösteriyor. Buradan çıkardığım ders piyasayı domine edecek kadar büyük varlığa sahip olmadığıma göre kısa vadeli fiyat hareketlerini tahmin etmeye çalışmamam gerektiğiydi.\n\nSONUÇ\n\nKısa vadeli fiyat hareketlerini öngörmeye çalışan teknik analiz yöntemleri her ne kadar bazen işe yarar sonuçlar üretse de, kısa vadede kripto para fiyatlarının ne yöne gideceğini tahmin etmenin çok güç olduğunu düşünüyorum. Diğer taraftan, arkada çalışan somut bir ekonomi olduğuna göre uzun vade için fiyatlar öngörülebilir. Yatırım stratejim belirli bir ölçeğe ulaşabilmiş görece güvenilir varlıklara fiyatlarının çok ucuzladığı dönemde yatırım yapmak yönünde. Bir varlığın fiyatının ucuz olduğuna nasıl karar vereceğiz? Bunun için bulabildiğimiz en eski tarihe kadar giden fiyatların ortalamasını baz alabileceğimizi düşünüyorum.\n\nTüm bu teorik tartışmaları somut bir sonuca bağlamak üzere Steem fiyatlarını analiz ettim.\n\nSteem'in piyasada işlem görmeye başladığı 18 Nisan 2016 tarihinden bugüne 772 gün geçmiş. Bu günlerin saat 12:00 Steem fiyatlarını aşağıdaki grafiğe yerleştirdim ve üzerine excel'de eğilim eğrileri ekledim. Aşağıdaki grafikte kesikli çizgi Steem fiyatının eğilim eğrisini, diğer bir deyişle trend çizgisini gösteriyor. Trend çizgisinin r kare değeri 0,3746gibi oldukça düşük bir değer ancak fiyatı böylesi oynak bir varlık için farklı bir durum düşünülemezdi herhalde. Trend çizgimizi bugünden tam 365 gün ileriye doğru uzatarak 365 gün sonrası için bir fiyat tahmini yapmış olduk.\n\n\n\nYukarıdaki trend çizgisinin formülü:\n\nSteem fiyatı = Steem'in başlangıcından beri geçen gün sayısı * 0,0039 - 0,1277\n\nYukarıdaki trend çizgisine göre Steem'in bugün \"olması gereken\" fiyatı 2.89 USD ve 365 gün sonraki tahmini fiyatı 4,31 USD.\n\nYukarıda Steem fiyatı hakkında yapmış olduğum amatörce yorumlar yatırım tavsiyesi değildir, zira ben yatırım uzmanı değilim.\n\nOkuduğunuz için teşekkür ederim.",
      "json_metadata": "{\"tags\":[\"steem\",\"bitcoin\",\"crypto\",\"cryptocurrency\",\"steemit\"],\"links\":[\"https://giphy.com\",\"https://pixabay.com\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}",
      "parent_author": "",
      "parent_permlink": "steem",
      "permlink": "can-we-predict-crypto-currency-prices-english-turkish",
      "title": "Can We Predict Crypto Currency Prices? (ENGLISH/TURKISH)"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-05-31T17:27:45",
  "trx_id": "d915ca93f66cfe79c692f6ed7667667acda4732d",
  "trx_in_block": 61,
  "virtual_op": 0
}

{
  "block": 22917771,
  "op": [
    "comment",
    {
      "author": "saadj",
      "body": "What does it take to be a good block producer?\nHere's a deep dive with Cesar Diaz with EOSocal.\n\nPress play and enjoy\nOne of my favourite things mentioned is how EOSocal will provide a type of incubator services for blockchain projects that are launching.\n\nThe Tulip Conference is coming to San Francisco June 5th-9th\nhttps://tulipconf.com\n(A Lot Of BPs & EOS Folks Will Be There)\n\nHere's from the website\nhttps://www.eosocal.io/\n\nDevelopment\nAn Incubator of Decentralized Apps\nFunding\n\nWe provide private capital to companies in all stages and are able to fund in fiat or crypto.\nIf we are elected block producers, we will use a portion of block rewards to fund decentralized applications.\n\nDesign\n\nWe learned Design Sprints from Jake Knapp himself, and they produce results! We're happy to help companies run them and pass on the design sprint process.\n\nDevelopment\n\nWe are in process of developing a decentralized application on EOS.IO ourselves with plans to \"air drop\" tokens and pass on the gained knowledge and experience to our incubated projects.\n\nCheers My Steem Friends",
      "json_metadata": "{\"tags\":[\"eos\",\"blockchain\",\"crypto\",\"cryptocurrency\",\"news\"],\"links\":[\"https://tulipconf.com\",\"https://www.eosocal.io/\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}",
      "parent_author": "",
      "parent_permlink": "eos",
      "permlink": "eos-life-liberty-and-property-a-talk-with-eosocal-bp-candidate",
      "title": "EOS - Life, Liberty, & Property - A Talk With EOSocal BP Candidate"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-05-31T17:15:33",
  "trx_id": "0183a7bf504ef5a370d83744417ae5c91a8ef0dd",
  "trx_in_block": 55,
  "virtual_op": 0
}

{
  "block": 22548022,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "saadj",
      "delegator": "steem",
      "vesting_shares": "29495.315351 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-05-18T20:46:33",
  "trx_id": "22fa11a93c7d2477883976d5ee1b5ec167ac1337",
  "trx_in_block": 20,
  "virtual_op": 0
}

{
  "block": 22365838,
  "op": [
    "vote",
    {
      "author": "saadj",
      "permlink": "decentralized-exchanges-based-on-ethereum-things-are-happening-hcash-the-new-standard-of-value-coin-presentation",
      "voter": "sensation",
      "weight": 10000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-05-12T12:56:12",
  "trx_id": "fca41157ec6a788f868de48c7e873769544d5635",
  "trx_in_block": 26,
  "virtual_op": 0
}

{
  "block": 22364696,
  "op": [
    "vote",
    {
      "author": "saadj",
      "permlink": "decentralized-exchanges-based-on-ethereum-things-are-happening-hcash-the-new-standard-of-value-coin-presentation",
      "voter": "kriptosan797",
      "weight": 10000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-05-12T11:59:06",
  "trx_id": "3ae27bd76d6341a7eba62ce3103f53e9cdb8db04",
  "trx_in_block": 60,
  "virtual_op": 0
}

{
  "block": 22364097,
  "op": [
    "comment",
    {
      "author": "rotjaeley",
      "body": "Vote exchange site https://mysteemup.club",
      "json_metadata": "{\"tags\":[\"cryptocurrency\"],\"links\":[\"https://mysteemup.club\"],\"app\":\"steemit/0.1\"}",
      "parent_author": "saadj",
      "parent_permlink": "decentralized-exchanges-based-on-ethereum-things-are-happening-hcash-the-new-standard-of-value-coin-presentation",
      "permlink": "re-saadj-decentralized-exchanges-based-on-ethereum-things-are-happening-hcash-the-new-standard-of-value-coin-presentation-20180512t112851886z",
      "title": ""
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-05-12T11:29:09",
  "trx_id": "24317826ba9463e066e2dac840bd831caa4ffba4",
  "trx_in_block": 48,
  "virtual_op": 0
}

{
  "block": 22364096,
  "op": [
    "vote",
    {
      "author": "saadj",
      "permlink": "decentralized-exchanges-based-on-ethereum-things-are-happening-hcash-the-new-standard-of-value-coin-presentation",
      "voter": "ax3",
      "weight": 100
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-05-12T11:29:06",
  "trx_id": "7816b692902a35188a8cf48289b63882e43714f1",
  "trx_in_block": 72,
  "virtual_op": 0
}

{
  "block": 22364093,
  "op": [
    "comment",
    {
      "author": "saadj",
      "body": "At Ethereum, there are more and more decentralized exchanges that run solely on the basis of a smart contract. Thanks to the 0x protocol, a standard has already been established that ensures that the exchanges are compatible with each other. I have tested some of the decentralized trading platforms.\n\nWhile Bitcoin is a decentralized currency, Ethereum is a decentralized computer. Here not only monetary transactions are processed, but also complex scripts, algorithms and tasks. Among the many applications that emerge, decentralized exchanges could be the most compelling: exchanges where the order and its execution are processed through the Ethereum blockchain without relying on the usual middlemen in trading.\n\nOf course, one can discuss whether such a thing is sustainable. Blockchains do not scale, and so why you could flatly reject the idea of building a exchange on the blockchain. But you can also just find it cool that you can trade digital assets without a middleman in the game. That's one big step in the revolution Bitcoin has started.\n\nSo far, the decentralized exchanges only work with tokens that are natively on the Ethereum blockchain - that is, Ether and ERC20 tokens. The trading spectrum is therefore quite limited. Nevertheless, it is worthwhile to try out some of the decentralized exchanges.\n\nThe 0x Protocol\nBut first, let's look at the underlying technology. Because, as a matter of fact, not every decentralized exchange is on its own smart contract, but many use the 0x Protocol together. This is exciting in that it leads to an extremely high compatibility between the exchanges. If you have a balance on one, you have it at the same time on the other.\n\nTo understand exactly what the 0x Protocol does, you have to read in deep (for example, in the white paper). Here only so much: The protocol is modularly built from several smart contracts, which are also updated over time. One governs the exchange logic, the other the transfer of the tokens, and so on. The special feature of 0x is that it combines onchain and offchain: You can create, modify, and delete the exchange order, but their execution takes place as a real transaction.\n\nIn essence, this works in a similar way to the Lightning Network: A user who makes a purchase order for the BAT token, for example, writes a special transaction signed by him that only becomes valid if another user accepts the order and signs it , The \"relays\" make sure that the orders reach buyers or sellers by placing them in an order book. They perform a similar function to exchanges, but with the difference that they are unable to execute orders themselves or confiscate funds. They only provide a user interface and an order book.\n\nThe 0x Protocol has the greatest chance of prevailing in the competition of several different protocols for decentralized exchanges on Ethereum. The reason should be above all the combination of on- and offchain. Because so far it was quite annoying that you ever needed a real Ethereum transaction to create, change and delete orders. To process the offchain reduces the friction costs through fees.\n\nMeanwhile, a number of exchanges are already using 0x, and another long list of exchanges is still under construction or in beta mode. It seems that 0x has been a stroke of luck. Some even think that the protocol for decentralized exchanges did more for Ethereum than all the ICOs of the past year.\n\nUsing a Decentralized Exchange\nThe 0x Protocol seems to become the standard of many decentralized applications on Ethereum. More than 30 Dapps or exchanges already use it or plan to use it when it starts operations. For this article, I have tried only a part of it, namely the exchanges RadarRelay, DDEX, ERCdEX and Paradex.\n\nThe decentralized exchange DDEX. At the top right you can see the Metamask icon for my account.\n\nTo be able to use the decentralized exchanges, you have to connect a wallet with it. For the exchanges I tested, this works only with the hardware wallet Ledger or with the browser plugin Metamask, which is now available for all browsers. Why exactly MyEtherWallet or Parity are not an option, I do not know. I used Metamask for the tests.\n\nAlternatively, you could log in with Ledger.\n\nTo log in, you have to sign a message. The exchanges then show the credit that I hold in Metamask, ie the ETH, but to trade, I have to convert some of it into \"Wrapped ETH\", ie WETH. This is done by a transaction on the blockchain. Once confirmed, you can trade with WETH. It was a pleasant surprise for me that the WETH generated on one exchange also applies on the other. After \"wrapping\" on DDEX Ethereum, I was able to trade with them on ERCdEX. The credit is therefore present on all exchanges simultaneously.\n\n\nRadarRelay wants me to confirm an action on the exchange with Metamask.\n\nThen you can buy or sell tokens as on other exchanges through market or limit order. User guidance is relatively similar on most of these exchanges. Not as easy as the big, centralized crypto exchanges, but alright. Who has exercise, will find his way relatively quickly. I found RadarRelay and Paradex to be the clearest. However, Paradex has an extremely thin order book and virtually no trades, while at RadarRelay, after all, something is going on and the order books are relatively full. DDEX and ERCdEX are also trading fairly actively, even though the orders I have made on a test basis have not yet been serviced.\n\nCoinmarketcap shows the daily volume of some of the exchanges. With $ 3.24 million a day, DDEX comes first, followed by RadarRelay with $ 0.4 million, while Paradex is relatively far behind at $ 159,000. ERCdEX does not even show up. The daily turnover is tiny compared to the turnover of the big crypto exchanges - but they are, after all, there. The movement has begun.\n\nOverall, one could say that the decentralized exchanges based on 0x do not yet come up with the trading convenience of large, central crypto exchanges. But because these are the first trading platforms based on smart contracts and offchain protocols, the user experience is surprisingly fluent. It's worth trying out.\n\n\nWhy HCash?\nInteroperability between different blockchains or distributed ledger systems is important for a user-friendly and frictionless flow of information and value.\n\nThere are currently hundreds of different public and private ledger systems, each with its specific coin or token, and its own rules of development and governance. As a result, it is rather difficult to transfer values from, for example, the Bitcoin biotope into the Ethereum universe. Thanks to the numerous crypto exchanges, we can exchange - for example, ETH in BTC or vice versa - but for additional often quite impressive fees.\n\nBut would't it be much more elegant if we could trade values directly between different systems, independently of centralized exchanges and the associated risks?\n\nHCash represents such a solution - a decentralized and distributed ledger system that bridges between different blockchain-based systems - such as Bitcoin or Ethereum - and blockless, DAG (Direct Acyclic Graph) based systems - such as IOTA and ByteBall.\n\n\nHCash stands for the platform - designed as a side chain for both block-based and blockless DAG systems.\n\nNew Blockchain - New Coin\nHCash also stands for the associated cryptocurrency HShare, which can be traded under the symbol HSR. HSR is a mining grade coin currently traded at various exchanges for $9.93 USD per coinat the moment, with about half of all transactions being executed via the Exchange OKEx with BTC. The market capitalization is $426,732,889 USD at the moment. There are a maximum of HSR 84 million, of which around 43 million are in circulation, with a daily trading volume of around $55,904,200 USD.\n\nA look at the HSR charts shows that the Coin was traded shortly after its launch for around 43 USD apiece, but then dropped to even below 5 USD, before he - probably in the course of the general cryptohypes in the end of 2017 - again almost its initial price level reached, and finally settled around the 10 USD mark.\n\nInvestors will certainly look into alternative projects such as Blockcollider, Cosmos or Polkadot, or the Blockchain Interoperability Alliance with ICON, Aion and Wanchain, to optimize their portfolio. The price will play a role here, but also functionality, user-friendliness and above all the potential to set standards for interoperability and to anchor them quickly and broadly in the market.\n\nWho is behind HCash?\nHCash reveals a few details about the creators behind HCash on his website.\n\nIt features a very slim 3-person team: CEO Dallas Brooks, financial and investment strategy expert and host of the TV show \"Dollars with Sense\", CTO Khal Achkar and Andrew Wasylewicz as Business Development Managers.\n\n\nNext an equally large advisory team, with Dr. med. Joseph Liu as cybersecurity expert, also known as God Father of Monero, Dawu Gu - Computer Science Professor at Shanghai Jiao Tong University and Ryan Xu, Managing Director at Collinstar Capital.\n\nInterestingly, HCash has a dedicated research team, with 4 members being the largest - Dr. Ing. Gavin Burning (Macquarie University, Australia), dr. Miklos Santha (CNRS & National University of Singapore) Troy Lee (Nanyang Technological University, Singapore) and dr. Marco Tomamichel (University of Technology Sydney, Australia) - all with a strong focus on quantum computing.\n\nAs a research partner, HCash names Shanghai Jiao Tong University, Hong Kong Polytechnic University, and Monash University.\n\nHCash also lists on its website a number of investors such as Collinstar, FinTech Blockchain Group and iYES Ventures and Coorperate Pools, such as BTC.TOP, Antpool or BATPOOL.\n\n\nAccording to the Australian Digital Commerce Association, the HCash Foundation was launched in July 2017 in Australia to develop, publicize and grow the HCash ecosystem.\n\nWhat makes HCash - architectural details\nHCash mentions on his homepage 7 reasons why it can be a revolutionary cryptocurrency:\n\nHcash is Hive\nIt has a dual sidechain composed of blockchain and DAG systems, designed to implement an unrestricted flow of information and value between blockchain-based and blockless-based distributed systems.\n\nHcash is Hidden\nYour privacy can be protected. Hcash will adopt Zero Knowledge Proof technology to achieve bi-directional encryption and many other areas demanding transactional privacy.\n\nHcash is Hybrid\nPOW+POS Open-Governance Model. Every Hcash holder has the ability to participate in significant community-wide decision-making, including protocol updating and upgrading through a POS mining mechanism.\n\nHcash is Hierarchy\nDAO Governance. Holders of Hcash determine the use of funds in a real-time dynamic voting system. Decentralized Autonomous Organization is the driving force behind future advancement and provides the Hcash community with continual vitality.\n\nHcash is Hard\nQuantum Resistance. Hcash takes quantum resistance into consideration from the very beginning of system design. Therefore, Hcash still has a natural advantage over other systems at the system level, even after the rise of practical quantum computers.\n\nHcash is Haven\nHcash holders can transfer between public and private addresses through their own wallets or client panel. The transaction or delivery across different systems can be requested for public-addressed or private-addressed coins.\n\nHcash is Handy\nHcash enables Hcash holders to transfer unlimited times with a limited block size, No matter the speed of transfer or amount of transfer.\n\nHCash, like most coins, comes with its own wallet for Mac OSX, Windows, App and Hyperpay to keep and trade HCash, as well as a dedicated explorer.\n\nIf you want to know more about how HCash works, take a look at the white paper or the source code at github.\n\nHCash Roadmap\nAfter HCash had 2017 milestones such as the foundation of the HCash Foundation, the implementation of the DAO, development of post-quantum cryptographic functions and completing the beta core code on the agenda,\n\n\nin January 2018, the finalization of the PoW and PoS mining functions and the Start on the test chain or the main chain, followed in February by the 1: 1 swap HShare against HCash, as well as the Q2 / 2018 planned completion of the HCash beta version with the also ZKP based client-encrypted communication:\n\n\nFor Q3 / 2018, the roadmap will show the full implementation of encrypted communication between the HCash client and byteball, the complete destruction of HShare, and the gradual establishment and optimization of the HCash ecosystem.\n\n\nHCash offers a interesting technology, with some great features. Interoperability looks like the next big thing in blockchain technology. It remains exciting to see how well HCash develops in the near future. I for sure will keep an eye on it.\n\nVideo Source:\nhttps://www.youtube.com/CRYPTO POINT\nImage Sources:\nArticle headers created by myself\nhttps://h.cash/\nhttps://coinmarketcap.com/currencies/hshare/#charts\nend.png\nHave a nice day!\n\nLOVE&LIGHT",
      "json_metadata": "{\"tags\":[\"cryptocurrency\",\"blockchain\",\"decentralized-exchanges\",\"ethereum\",\"hcash\"],\"links\":[\"https://www.youtube.com/CRYPTO\",\"https://h.cash/\",\"https://coinmarketcap.com/currencies/hshare/#charts\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}",
      "parent_author": "",
      "parent_permlink": "cryptocurrency",
      "permlink": "decentralized-exchanges-based-on-ethereum-things-are-happening-hcash-the-new-standard-of-value-coin-presentation",
      "title": "Decentralized Exchanges based on Ethereum: Things are happening! / HCash - The New Standard of Value - Coin Presentation"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-05-12T11:28:57",
  "trx_id": "6e7735952aab8b7ece3b2dc6304a993283601a8f",
  "trx_in_block": 0,
  "virtual_op": 0
}

{
  "block": 21535348,
  "op": [
    "vote",
    {
      "author": "alzawadia",
      "permlink": "re-saadj-critical-analysis-of-steem-and-why-i-m-invested-20180410t074710146z",
      "voter": "saadj",
      "weight": 10000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-04-13T16:11:15",
  "trx_id": "d14097c42ab8b3b72d7b4ed7165009091c6ecc87",
  "trx_in_block": 0,
  "virtual_op": 0
}

{
  "block": 21449158,
  "op": [
    "vote",
    {
      "author": "saadj",
      "permlink": "why-you-should-not-invest-all-your-money-in-one-coin-steem-bitcoin-ethereum-diversification-patience-are-important",
      "voter": "fuastrek",
      "weight": 10000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-04-10T16:20:48",
  "trx_id": "5bfe0e748b832f4745188462c1ca5e7d51095c6f",
  "trx_in_block": 24,
  "virtual_op": 0
}

{
  "block": 21448923,
  "op": [
    "vote",
    {
      "author": "saadj",
      "permlink": "critical-analysis-of-steem-and-why-i-m-invested",
      "voter": "anfishani",
      "weight": 10000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-04-10T16:09:03",
  "trx_id": "fa5e6ca79f40c7c117dcfb437b70a953d522f548",
  "trx_in_block": 45,
  "virtual_op": 0
}

{
  "block": 21448923,
  "op": [
    "vote",
    {
      "author": "saadj",
      "permlink": "critical-analysis-of-steem-and-why-i-m-invested",
      "voter": "dubrovs",
      "weight": 10000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-04-10T16:09:03",
  "trx_id": "add15a851b81348df4ecac8eb63f6a463c1c88f8",
  "trx_in_block": 32,
  "virtual_op": 0
}

{
  "block": 21448923,
  "op": [
    "vote",
    {
      "author": "saadj",
      "permlink": "critical-analysis-of-steem-and-why-i-m-invested",
      "voter": "zheepscha",
      "weight": 10000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-04-10T16:09:03",
  "trx_id": "2c8bca59bfa7f264901ada8a8f5b07bfd91e00e9",
  "trx_in_block": 14,
  "virtual_op": 0
}

{
  "block": 21448922,
  "op": [
    "vote",
    {
      "author": "saadj",
      "permlink": "critical-analysis-of-steem-and-why-i-m-invested",
      "voter": "viku",
      "weight": 10000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-04-10T16:09:00",
  "trx_id": "bcda7530960b2982210341dc033219b922e3e338",
  "trx_in_block": 41,
  "virtual_op": 0
}

{
  "block": 21448916,
  "op": [
    "vote",
    {
      "author": "saadj",
      "permlink": "critical-analysis-of-steem-and-why-i-m-invested",
      "voter": "schyocjesh",
      "weight": 10000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-04-10T16:08:42",
  "trx_id": "dea5f6c01adaa0c6ef25090d22e718b7ffeef104",
  "trx_in_block": 17,
  "virtual_op": 0
}

{
  "block": 21439136,
  "op": [
    "vote",
    {
      "author": "saadj",
      "permlink": "why-you-should-not-invest-all-your-money-in-one-coin-steem-bitcoin-ethereum-diversification-patience-are-important",
      "voter": "mentalhealthguru",
      "weight": 10000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-04-10T07:59:39",
  "trx_id": "2d8992bfdf4fe08c809406dd1789ed413a765846",
  "trx_in_block": 8,
  "virtual_op": 0
}

{
  "block": 21439092,
  "op": [
    "vote",
    {
      "author": "saadj",
      "permlink": "why-you-should-not-invest-all-your-money-in-one-coin-steem-bitcoin-ethereum-diversification-patience-are-important",
      "voter": "saadj",
      "weight": 10000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-04-10T07:57:27",
  "trx_id": "2ebcc6a8d1c6cf48198d66836a1a8da3aadd0e3a",
  "trx_in_block": 46,
  "virtual_op": 0
}

{
  "block": 21439092,
  "op": [
    "comment_options",
    {
      "allow_curation_rewards": true,
      "allow_votes": true,
      "author": "saadj",
      "extensions": [],
      "max_accepted_payout": "1000000.000 SBD",
      "percent_steem_dollars": 0,
      "permlink": "why-you-should-not-invest-all-your-money-in-one-coin-steem-bitcoin-ethereum-diversification-patience-are-important"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-04-10T07:57:27",
  "trx_id": "2ebcc6a8d1c6cf48198d66836a1a8da3aadd0e3a",
  "trx_in_block": 46,
  "virtual_op": 0
}

{
  "block": 21439092,
  "op": [
    "comment",
    {
      "author": "saadj",
      "body": "Whether it is your personal life: relationships, jobs, aspirations or investments –you should never put all your hopes in one place. Remember the adage: Never lay all your eggs in one basket? Time and time again, many people get burnt because they put all their hopes on their partner, parents, friends, boss or even on an investment. Even though some are lucky with this strategy, many people, however, lose everything due to lack of diversification.\n\n\nJobs + Crypto: some people quit their job after earning some money on steem and or any other cryptos in order to focus 100% on steemit and or other cryptocurrencies. This is a good strategy if you have a big wallet and diversify. However, those with smaller wallet should be careful because crypto prices are highly volatile and thus someone can easily lose value of his/her investments. Therefore, keep your job and combine both until you are comfortable with your crypto earnings.\n\nRelated and unrelated industries: In diversifying your portfolio you can chose some undervalued tokens/ coins –examples, steem and elyte ( see www.elyte.tech) and then (if you have spare cash) invest in silver, gold, oil, real-estate and some good tech stocks . This strategy will help you to hedge yourself from external risks.\n\nPatience: This relates to having control over your emotions and think long term . Remember that platform lie Steemit and most crpyto´s are not HYIP scams, therefore focus less on the ups and downs of daily crypto price, do your due diligences on the tokens/coins you want to invest and do not invest what you can’t afford to lose.\n\nDo you agree? Send in your comments . Resteem in order to reach more people and upvote to send in your support.\n\nClick here and read my former post:Will steem blockchain be the future of porn and adult publications ?\n\nAn Advert for a top new crypto https://elyte.tech\n\nJoin Elyte bounty via this link and win free cryptos https://docs.google.com/forms/d/e/1FAIpQLSeOcKUUoTU6IKr1qX5osYaWMdVL8-nB5RmroYtYBir6YYof9A/viewform\n\nJoin elyte.tech telegram group https://t.me/joinchat/E6tXj0dThqzzjVlWJRuxLw for info on their bounty and thus join the next best thing",
      "json_metadata": "{\"tags\":[\"education\",\"funny\",\"crypto\",\"photo\",\"news\"],\"links\":[\"https://elyte.tech\",\"https://docs.google.com/forms/d/e/1FAIpQLSeOcKUUoTU6IKr1qX5osYaWMdVL8-nB5RmroYtYBir6YYof9A/viewform\",\"https://t.me/joinchat/E6tXj0dThqzzjVlWJRuxLw\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}",
      "parent_author": "",
      "parent_permlink": "education",
      "permlink": "why-you-should-not-invest-all-your-money-in-one-coin-steem-bitcoin-ethereum-diversification-patience-are-important",
      "title": "Why You should not Invest all your money in One Coin (Steem, Bitcoin, Ethereum ): Diversification + Patience are important"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-04-10T07:57:27",
  "trx_id": "2ebcc6a8d1c6cf48198d66836a1a8da3aadd0e3a",
  "trx_in_block": 46,
  "virtual_op": 0
}

{
  "block": 21438887,
  "op": [
    "comment",
    {
      "author": "alzawadia",
      "body": "good topic, thanks for sharing",
      "json_metadata": "{\"tags\":[\"steemit\"],\"app\":\"steemit/0.1\"}",
      "parent_author": "saadj",
      "parent_permlink": "critical-analysis-of-steem-and-why-i-m-invested",
      "permlink": "re-saadj-critical-analysis-of-steem-and-why-i-m-invested-20180410t074710146z",
      "title": ""
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-04-10T07:47:12",
  "trx_id": "2aa48f8aa3c9386a5b8df3df9d206e4624b9a596",
  "trx_in_block": 36,
  "virtual_op": 0
}

{
  "block": 21438882,
  "op": [
    "vote",
    {
      "author": "saadj",
      "permlink": "critical-analysis-of-steem-and-why-i-m-invested",
      "voter": "alzawadia",
      "weight": 10000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-04-10T07:46:57",
  "trx_id": "69759b8f6f7d755a58f384e5ef4879f44bcb4fa1",
  "trx_in_block": 46,
  "virtual_op": 0
}

{
  "block": 21438867,
  "op": [
    "comment",
    {
      "author": "cheetah",
      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\n`https://www.youtube.com/watch?v=6HseuaDMmGo`",
      "json_metadata": "",
      "parent_author": "saadj",
      "parent_permlink": "critical-analysis-of-steem-and-why-i-m-invested",
      "permlink": "cheetah-re-saadjcritical-analysis-of-steem-and-why-i-m-invested",
      "title": ""
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-04-10T07:46:12",
  "trx_id": "eeccf1094e7d1138412af771489ef0f204a691cd",
  "trx_in_block": 37,
  "virtual_op": 0
}

{
  "block": 21438866,
  "op": [
    "vote",
    {
      "author": "saadj",
      "permlink": "critical-analysis-of-steem-and-why-i-m-invested",
      "voter": "cheetah",
      "weight": 8
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-04-10T07:46:09",
  "trx_id": "b73991c9ca16cbd93cfff92ac7f5ae9012dc50ed",
  "trx_in_block": 5,
  "virtual_op": 0
}

{
  "block": 21438862,
  "op": [
    "vote",
    {
      "author": "saadj",
      "permlink": "critical-analysis-of-steem-and-why-i-m-invested",
      "voter": "saadj",
      "weight": 10000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-04-10T07:45:57",
  "trx_id": "855c3bc7e4c3243944bd9b0e4af5f232a8f32629",
  "trx_in_block": 75,
  "virtual_op": 0
}

{
  "block": 21438862,
  "op": [
    "comment_options",
    {
      "allow_curation_rewards": true,
      "allow_votes": true,
      "author": "saadj",
      "extensions": [],
      "max_accepted_payout": "1000000.000 SBD",
      "percent_steem_dollars": 0,
      "permlink": "critical-analysis-of-steem-and-why-i-m-invested"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-04-10T07:45:57",
  "trx_id": "855c3bc7e4c3243944bd9b0e4af5f232a8f32629",
  "trx_in_block": 75,
  "virtual_op": 0
}

{
  "block": 21438862,
  "op": [
    "comment",
    {
      "author": "saadj",
      "body": "Steem is one of the only cryptoassets I am holding for the long-term (not trading). That likely sets alarms off for many of you (as I promote Steemit in all my videos), so fair disclosure that there IS an economic incentive for me to boost the price of Steem so I get paid more for posting my content on Steemit. However, I am NOT being paid by Steemit or anyone else to make this video - I am doing it of my own accord.\n\nFirst, this video explores some of the many flaws associated with Steem and its biggest application, Steemit. In summary, we discuss:\n\nThe \"instamine\" by developers and relaunch of Steem blockchain at beginning so that developers received 80% of Steem supply in beginning for \"development purposes\"\nThe issues associated with trending posts on Steemit - The lack of integrity in buying votes or whales colluding to upvote posts for reasons other than curation (e.g: a friend made the post)\nThe fact that all of the money comes from investors, which makes payouts extremely volatile and, in a way, makes the business model seem Ponzi Scheme-like as money is created from 'thin air' (wish I explored this more - one of the downsides of not writing a script is not spending enough time on certain topics)\nReward Pool Abuse\nWhether or not delegated Proof of Stake is corruptible (briefly, don't go into detail here)\nThe quality of most posts (at least in trending) is rather poor. In my opinion, which I didn't share in the video, payments should be proportionate to quality and # of views which at this time, there is a massive disconnect which means tons of value is being destroyed.\nFlaws I Didn't Discuss (Mostly due to constraints or forgetting while recording):\n\nInadequate policing tools or incentives available for reducing the frequency of low quality submissions\nHow complex Steemit feels to a new user\nHow frustrating the account creation process can be (although this is being worked on)\nAfter we go through the flaws, I discuss why I hold Steem for the long-term:\n\nIt's the only cryptoasset with an application that sees real use, as verifiable through Alexa & SimilarWeb\nThere is a culture in Steemit, as you can easily see with community discussions and \"wars\" over particular topics (e.g: Haejin, voting bots, etc.)\nIt \"feels\" active - A lot of crypto projects \"feel\" dead due to low number of overall users. While trending may not be filled with high quality posts, it certainly has a lot of interaction which brings people back to the platform\nThere is a team actively working on improving the platform and the witnesses are generally doing their best to make it a better place as well (a fact I forgot to mention in video)\nThere are community members who are actively hard at work to improve the platform and Steem ecosystem (forgot to mention in video)\nOverall, while Steem & the application Steemit have many concerns, it is my opinion that Steem is the closest to achieving its goal among almost all cryptoassets. I am hoping that the issues I have discussed will be addressable in the long-term and am willing to take the risk personally.\n\nIn the future, I might write an article that goes more in-depth on my opinions of Steem - this is more of an overview. Thanks for watching / reading.",
      "json_metadata": "{\"tags\":[\"steemit\",\"steem\",\"cryptocurrency\",\"crypto\",\"bitcoin\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}",
      "parent_author": "",
      "parent_permlink": "steemit",
      "permlink": "critical-analysis-of-steem-and-why-i-m-invested",
      "title": "Critical Analysis of Steem and Why I'm Invested"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-04-10T07:45:57",
  "trx_id": "855c3bc7e4c3243944bd9b0e4af5f232a8f32629",
  "trx_in_block": 75,
  "virtual_op": 0
}

{
  "block": 21104593,
  "op": [
    "vote",
    {
      "author": "saadj",
      "permlink": "staking-and-masternodes-and-how-to-participate-in-apr-private-sale-300-apr-coins-giveaway",
      "voter": "afsheel",
      "weight": 10000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-03-29T17:10:00",
  "trx_id": "de3b1790d453da9532444a2f1ebfeb0ed45f0474",
  "trx_in_block": 27,
  "virtual_op": 0
}

{
  "block": 21104266,
  "op": [
    "vote",
    {
      "author": "saadj",
      "permlink": "the-abyss-or-next-generation-digital-distribution-platform",
      "voter": "saadj",
      "weight": 10000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-03-29T16:53:39",
  "trx_id": "53c416c042d48b94223af82e89f2a4db786cade3",
  "trx_in_block": 35,
  "virtual_op": 0
}

{
  "block": 21104266,
  "op": [
    "comment_options",
    {
      "allow_curation_rewards": true,
      "allow_votes": true,
      "author": "saadj",
      "extensions": [],
      "max_accepted_payout": "1000000.000 SBD",
      "percent_steem_dollars": 0,
      "permlink": "the-abyss-or-next-generation-digital-distribution-platform"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-03-29T16:53:39",
  "trx_id": "53c416c042d48b94223af82e89f2a4db786cade3",
  "trx_in_block": 35,
  "virtual_op": 0
}

{
  "block": 21104266,
  "op": [
    "comment",
    {
      "author": "saadj",
      "body": "The ABYSS DAICO:\nClick Here For More Info!\n\nThis is the first DAICO, something that Vitalik Buterin proposed a while back to make investing in new projects/ICOs safer and more fair to everyone. You can read about that here:\nhttps://www.coindesk.com/vitalik-new-idea-icos-tested/\n\nWhat Is A DAICO Explained\nhttps://cointelegraph.com/explained/what-is-a-daico-explained\n\nWhat is DAICO?\nDAICO is an innovative fundraising model (suggested by the founder of Ethereum, Vitalik Buterin) that merges some of the benefits of Decentralized Autonomous Organizations (DAOs), aimed at upgrading and making the initial ICO concept more transparent and secure. The Abyss Token Sale is an advanced and improved DAICO model, allowing token holders to control the fund withdrawal limit, also providing an option to vote for refund of the remaining contributed money in case the team fails to implement the project, with Oracles (appointed industry leaders) acting as arbitrators. Read more here.\n\nAs you know during Pre ICOs, big investors/whales get massive discount bonus. This caused them to dump for profits right after the Tokens are list on exchanges. I know this DAICO will do greatly because everyone will pay the same price per Token during ICO and there is not a Pre ICO. Soon DAICOs will be the new ICOs! I will do 10ETH which is the MAX for everyone during the first 7 days, after that there is not a max limit.\n\nThe community size as of today is huge!\n\nSource, theabyss.com\n\n117,553 Registrations\n15,600+ Twitter Followers\n45,595 Members In Telegram Group\n9,975 Followers On Facebook Page\n2,000+ Followers On Medium\n\nSource, theabyss.com",
      "json_metadata": "{\"tags\":[\"cyrptocurrency\",\"blockchain\",\"technology\",\"ico\",\"daico\"],\"links\":[\"https://www.coindesk.com/vitalik-new-idea-icos-tested/\",\"https://cointelegraph.com/explained/what-is-a-daico-explained\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}",
      "parent_author": "",
      "parent_permlink": "cyrptocurrency",
      "permlink": "the-abyss-or-next-generation-digital-distribution-platform",
      "title": "The ABYSS | Next Generation Digital Distribution Platform"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-03-29T16:53:39",
  "trx_id": "53c416c042d48b94223af82e89f2a4db786cade3",
  "trx_in_block": 35,
  "virtual_op": 0
}

{
  "block": 21104075,
  "op": [
    "comment",
    {
      "author": "cheetah",
      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://steemit.com/cryptocurrency/@dineroconopcion/staking-and-masternodes-and-how-to-participate-in-apr-presale-300-apr-coins-giveaway",
      "json_metadata": "",
      "parent_author": "saadj",
      "parent_permlink": "staking-and-masternodes-and-how-to-participate-in-apr-private-sale-300-apr-coins-giveaway",
      "permlink": "cheetah-re-saadjstaking-and-masternodes-and-how-to-participate-in-apr-private-sale-300-apr-coins-giveaway",
      "title": ""
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-03-29T16:44:06",
  "trx_id": "523a9fe80da3f6f7e7fe69ac3aeb4ef2e24ced92",
  "trx_in_block": 6,
  "virtual_op": 0
}

{
  "block": 21104073,
  "op": [
    "vote",
    {
      "author": "saadj",
      "permlink": "staking-and-masternodes-and-how-to-participate-in-apr-private-sale-300-apr-coins-giveaway",
      "voter": "cheetah",
      "weight": 8
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-03-29T16:44:00",
  "trx_id": "a9c506614f8bddedff94dfd9bd05c259fa857a3d",
  "trx_in_block": 33,
  "virtual_op": 0
}

{
  "block": 21104070,
  "op": [
    "vote",
    {
      "author": "saadj",
      "permlink": "staking-and-masternodes-and-how-to-participate-in-apr-private-sale-300-apr-coins-giveaway",
      "voter": "saadj",
      "weight": 10000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-03-29T16:43:51",
  "trx_id": "04335918a3634df09d83b377a8de21cd8ac1819c",
  "trx_in_block": 40,
  "virtual_op": 0
}

{
  "block": 21104070,
  "op": [
    "comment_options",
    {
      "allow_curation_rewards": true,
      "allow_votes": true,
      "author": "saadj",
      "extensions": [],
      "max_accepted_payout": "1000000.000 SBD",
      "percent_steem_dollars": 0,
      "permlink": "staking-and-masternodes-and-how-to-participate-in-apr-private-sale-300-apr-coins-giveaway"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-03-29T16:43:51",
  "trx_id": "04335918a3634df09d83b377a8de21cd8ac1819c",
  "trx_in_block": 40,
  "virtual_op": 0
}

{
  "block": 21104070,
  "op": [
    "comment",
    {
      "author": "saadj",
      "body": "As many of you know I've been focusing on staking and masternodes altcoins because they are a simple way to earn decent money even in bear markets. My first staking coin was Bitcore which I bought for $4USD and staked for a while. I sold all my Bitcore coins at the beginning of this month and was able to profited even thought the markets were down by a lot.\n\nAnother staking coins which has earned me massive profits is OPC Coin. My initial investment on OPC Coin was 4BTC and so far I've sold 18BTC worth of it. Many of you have asked me on Discord where do I find this type of coins and how do I know if they are worth investing or not.\n\nIn my opinion an altcoin should have these 3 things before I consider investing on it:\n1) Real Use Case - Meaning that it does have a purpose/utility in the real world.\n\n2) Community - A project without a large community supporting it won't go too far. We can see this over and over again as mainstream popular ICO raised massive amount of money within minutes thanks to the support of their community supporting & investing into their project.\n\n3) Active Developers & Team Members - Needless to say a project without active Team members updating their community frequently isn't worth investing.\n\nThese 3 things are essential because if one is missing, doesn't matter how good the project is, without 1 of those 3 things, crypto projects don't go too far.\n\n\n\nHow To Participate In APR Private Sale\nThe price of an APR Masternode during Private Sale is 1.3 BTC for 1 Masternode/3,000 coins. This is roughly . 00043Sats each APR.\n\nAPR will have real use and apart from being Masternode/Stakin has several incentives for holders/people who invest in APR thinking long term. I alreadybought 2 APR masternodes. Below you will find the intructions on how to participate on APR Private sale along with info on how to participate in an APR Giveaway which I'm hosting on Twitter.\n\n1) Join APR Discord: https://discord.gg/TAbaN79\n\n2) Contact APR KING#5732\n\n\nTell him that you would like to buy 1 Masternode and that TheKinGeeK#8321 sent you.\nNote: If you can't afford a full masternode, you can always buy fractions of an APR masternode; 100 coins, 200, etc. Minimum is 100 coins.\n\nHe will give you instructions on where to send the payment in BTC. After you send give him the hash ID and your main email as they will send you the receipt and add you to the list of Private sale buyers. When they release the official wallet which will be on Linux, Windows, and Mac then they will contact you again and send your APR coins to your APR wallet.\n\nAPR Masternode Return Of Investment\n\n\nAPR Use Case\n\n\nQuoted Text\n\nAPR Magic - Marketing: Hello @everyone we are excited to announce the official summary of the real world use for APR Coin. We are proud to be the 1st project in the crypto space in the Loyalty Rewards Management industry.\n\nReal World Use: The APR Loyalty Platform (Final Name and Release Date TBA)\n\nThe APR Team has currently begun work on the design and implementation of a proprietary loyalty rewards program wallet and for real world affiliates and their points programs along with a MasterPool for APR Coin. Users will be able to login to the mobile or web version of this loyalty program management wallet (separate from their APR Coin staking wallets) and manage all of their loyalty programs in one simple interface.\n\nUsers will also be able to exchange points and miles between real-world affiliate reward programs and APR Coin through the proprietary APR MasterExchange. Redemption for shopping and gift cards will be just as simple. They will be able to park real world loyalty program points or miles in the APR MasterPool, a proprietary staking pool, to Private sale said points from expiring. While storing coins in the APR MasterPool, users will earn APR Rewards based off of their network weight.\n\nThis real world implementation, yet to be named, will accessible by not only large retailers and companies, but small businesses as well. A custom API will be created to allow businesses globally to create and connect to their loyalty program to the APR loyalty rewards program wallet and exchange.",
      "json_metadata": "{\"tags\":[\"cryptocurrency\",\"news\",\"crypto\",\"technology\",\"blockchain\"],\"users\":[\"everyone\"],\"links\":[\"https://discord.gg/TAbaN79\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}",
      "parent_author": "",
      "parent_permlink": "cryptocurrency",
      "permlink": "staking-and-masternodes-and-how-to-participate-in-apr-private-sale-300-apr-coins-giveaway",
      "title": "Staking & Masternodes And How To Participate In APR Private Sale! 300 APR Coins Giveaway! 😎💰"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-03-29T16:43:51",
  "trx_id": "04335918a3634df09d83b377a8de21cd8ac1819c",
  "trx_in_block": 40,
  "virtual_op": 0
}

{
  "block": 19542483,
  "op": [
    "vote",
    {
      "author": "saadj",
      "permlink": "why-tether-s-latest-statement-about-its-auditor-is-complete-bs",
      "voter": "saadj",
      "weight": 10000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-02-03T09:30:18",
  "trx_id": "f30bee1a405794f6bc1af45bf62d2ea41ef5a351",
  "trx_in_block": 22,
  "virtual_op": 0
}

{
  "block": 19542483,
  "op": [
    "comment_options",
    {
      "allow_curation_rewards": true,
      "allow_votes": true,
      "author": "saadj",
      "extensions": [],
      "max_accepted_payout": "1000000.000 SBD",
      "percent_steem_dollars": 0,
      "permlink": "why-tether-s-latest-statement-about-its-auditor-is-complete-bs"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-02-03T09:30:18",
  "trx_id": "f30bee1a405794f6bc1af45bf62d2ea41ef5a351",
  "trx_in_block": 22,
  "virtual_op": 0
}

{
  "block": 19542483,
  "op": [
    "comment",
    {
      "author": "saadj",
      "body": "I don’t mean to to be an alarmist, but this week my concerns about Tether have reached critical mass.\n\nBefore I get into it, I’d like to point out that what follows is a somewhat informed rant. I’m no stranger to cryptocurrency, or accounting. I’ve done some writing and speaking on the topics, and also founded a Bitcoin payment service called Bylls back in 2014. In the accounting world, I served as the first Treasurer of the Blockchain Association of Canada, and have worked on audits of public and private businesses for nearly 5 years at a public accounting firm.\n\nI think Bitcoin and many other crypto projects are fascinating. Decentralized technology is at the intersection of economics, politics, finance, technology and society, making it difficult to ignore. As with any multidisciplinary field, the learning curve may be steep, but luckily there are many helpful resources to get you started. While many believe cryptocurrencies will someday change the world, even the most knowledgable in the space know that the recent speculative frenzy is not necessarily an indicator of success, and that we shouldn’t get ahead of ourselves quite yet:\n\n![U5dt2GY4RjtkywwoLCPXhQ67oq7jWRZ_1680x8400.png](https://steemitimages.com/DQmcmK4cwG79J1i7GPz3zHiAAwTyWyshd6d2K2VHgbATGg5/U5dt2GY4RjtkywwoLCPXhQ67oq7jWRZ_1680x8400.png)\n\nThis brings us back to Tether.\n\nIn theory, there is nothing wrong with a cryptocurrency backed by the US dollar. It could act as a tool to reduce your exposure to volatility, and make transferring funds between exchanges much easier (hooray for arbitrage!). There’s clearly demand for such a concept, and Tether isn’t the only “stablecoin” in the game (see: TrueUSD and Maker).\n\nMy issues are directly related to the execution of this concept by Tether’s management team. Their public statements and operating style make for an interesting yet troubling read, as detailed in posts by the anonymous blogger Bitfinex’ed.\n\ntl;dr: Tether has suffered from banking constraints, lied about being regularly audited, misrepresented consulting work performed by Friedman LLP and most probably don’t have ~$2.2 billion in US dollars to maintain the 1:1 reserve ratio that they so proudly claim to.\n\nI’ve tried to ignore the red flags, dismissing the evidence against Tether as circumstantial and hyperbolic. The work of half-baked conspiracy theorists. How could a company so shamelessly mislead the public and issue tokens without actually having the US dollars to back them? There must be a reasonable explanation for why they haven’t proven it yet…\n\nNeedless to say, the cognitive dissonance has made itself harder to ignore.\n\nCase in point: over the weekend, CoinDesk’s Marc Hochstein finally shed some light into Tether’s relationship with its supposed auditor. According to Marc’s article, a Tether spokesman had this to say about the company’s relationship with the accounting firm Friedman LLP:\n\n“We confirm that the relationship with Friedman is dissolved. Given the excruciatingly detailed procedures Friedman was undertaking for the relatively simple balance sheet of Tether, it became clear that an audit would be unattainable in a reasonable time frame. As Tether is the first company in the space to undergo this process and pursue this level of transparency, there is no precedent set to guide the process nor any benchmark against which to measure its success.”\nNow, I believe in due process and the presumption of innocence, so I’m not here to say definitively whether Tether has all the money that it claims to, or whether its management team is competent and has been acting in good faith.\n\nI’m also not going to make conjectures based on circumstantial evidence.\n\nInstead, I’d like to point out a few reasons why this statement is so problematic that it hurts my brain.\n\n#1: Auditing cash balances is not complicated or time consuming\nI would love to know what kind of excruciatingly detailed procedures Friedman LLP was engaged to perform. If you’re not an auditor, here are a couple of things you should know about auditing cash balances:\n\nCash is usually one of the least risky and quickest financial statement items to audit, especially for companies like Tether with only a few bank accounts in two currencies (US dollar and Euros)\nGenerally, procedures performed on cash balances are performed by the most junior person on the team (and later reviewed by someone more senior). Said differently, the procedures are simple and non-technical that they’re usually performed by the same person making the afternoon coffee run\nIt is very straightforward to audit a bank account balance. Since Tether claims to hold fiat currency as reserves, it’s safe to assume that they don’t have many bank accounts and the activity/volume is likely quite low. To confirm Tether’s cash balances as at a given point in time, an auditor would need to:\n\nCheck that the amount on the bank statements match what Tether has in their books (or on their “Transparency” page)\nSend a bank confirmation to Tether’s banks (read: fill out a template and email it to Tether’s bank so they can confirm that all the amounts and details and ownership rights are accurate)\nDocument in the working papers that the amounts confirmed by Tether’s bank exist, and that Tether does in fact have the rights and ownership of said accounts\nThat’s pretty much all that’s needed to get sufficient evidence to support a bank account balance.\n\nIf you wanted to be extra thorough, you could also perform some detailed testing. How do you do that? Pick and test a sample of transactions immediately before and after the audit date and make sure that the company didn’t just borrow funds so that they could appear to be solvent when the auditors show up. This type of testing also doesn’t take that much time.\n\nWhy Tether hasn’t been able to get this done yet is beyond me.\n\n#2: Tether is not the first cryptocurrency company to go through the audit process\nTether also claims to be “the first company in the space to undergo this process” which is, unsurprisingly, not accurate. \n\n![U5dtqM344Pmw7E64okXF15x5nxL2MZu_1680x8400.png](https://steemitimages.com/DQmU4oRbRuHMxvbP84DesQq4cHkt3brvwdMCsruhLK9t7fH/U5dtqM344Pmw7E64okXF15x5nxL2MZu_1680x8400.png)\n\nThey’re not even a close second…or third…\n\nA shortlist of crypto-related companies that have undergone or facilitate the performance of a financial statement audit:\n\nQuadrigaCX, a publicly-traded Canadian cryptocurrency exchange, has had quarterly and annual audits for a couple of years\nNew York’s BitLicense regulations require annual financial statement audits, which means all 3 licensed companies have also been audited (or at least still have relationships with auditors, or their licenses would be revoked)\nThe Greyscale Bitcoin Investment Trust is a publicly traded entity and has been producing audited financial statements since 2015. Oh yeah, their custodian is also subject to audits!\nThere’s a company called Libra that builds accounting, tax and audit software for companies in the blockchain/crypto space\nThere’s even an accounting firm that caters specifically to all the crypto hedge funds (which are much more complex to audit than a bank account, by the way)\nThere are probably more, so please post any that you know of in the comments\nThis is a strange thing to lie about, and the only rational explanation is that they actually believe that they’re the first.\n\nAssuming that’s true, I still have a dumb question: why would you boast about being the first crypto company to go through the audit process without actually completing it first?\n\nIs the bar so low for cryptocurrency companies that simply expressing the intent and desire to be audited is enough to satisfy people?\n\nIf so, Tether deserves a participation award for trying their best to hire an auditor, I guess.\n\n¯\\_(ツ)_/¯\n\n#3: Tether’s arrogance is painful\nAnother good one from the statement:“There is no precedent set to guide the process nor any benchmark against which to measure its success”\n\n![U5dt9z71FgGZtYUugnMuYX3w3rgEWwZ_1680x8400.png](https://steemitimages.com/DQmUPDPA8xtZhFwQix2CBBHhNg2nnx9rwS5MoJWGiwwTk33/U5dt9z71FgGZtYUugnMuYX3w3rgEWwZ_1680x8400.png)\n\nNo precedent? Millions of bank accounts are audited every year.\n\nLet’s recap: the well-defined process to audit bank account balances is intern level work, and a universally recognized benchmark to measure the success of an audit is whether it was completed in a reasonable time frame (or at all).\n\n#4: There’s no good way to spin “the inability to complete an audit in a reasonable time frame”\nI’m still not sure what Tether was hoping to achieve by releasing this statement. It’s unclear who is responsible for being the incomplete audit, so let’s think about what the causes could be.\n\nAt the beginning of every audit, an engagement letter is signed before any work begins. It’s a contract between the company’s management team and their audit firm, outlining the responsibilities of each party. The main deliverable agreed upon is the Auditor’s Report. Getting that signed report is pretty much the only reason you would perform an audit in the first place.\n\nThe best you could hope for is an unqualified opinion, which means that all of the numbers look good to the auditor based on the procedures they have performed and whatever accounting rules you’re supposed to be following.\n\nNot being able to complete an audit in a reasonable timeframe could happen in a few situations:\n\nwhen the auditor cannot obtain sufficient appropriate audit evidence\nwhen there are significant uncertainties in the business of the client\nwhen the auditor has a conflict of interest\nIf any of these were true, the auditor would instead issue a Disclaimer of Opinion, which means that they have decided not to issue an opinion on the financial statements even though they were hired to do so.\n\nThis is really bad, and incredibly rare. The financial statements are basically useless in this case, because the auditors didn’t get enough evidence to give an unqualified opinion (that’s the good one).\n\nDid Friedman LLP perform their procedures, only to arrive at a Disclaimer of Opinion (which Tether obviously wouldn’t want to release)?\n\nWere they even engaged to perform an audit in the first place (was an engagement letter signed)?\n\nMaybe the audit partner had a few too many one night and lost the auditor’s report?\n\nIf Tether really wanted to be transparent, they could at least let everyone know why their audit couldn’t be completed in a reasonable time frame, instead of discussing the subjectivity of “success”.\n\nSo, what does this all mean? Sadly, we still don’t have any real answers.\n\nFor all we know, Tether is sitting on a ton of cash and we’ll all feel like idiots for doubting them. Wouldn’t be the first time I was wrong.\n\nThat being said, many important questions have gone unanswered, which does not inspire confidence in a company that’s supposed to have over $2B US dollars and counting.\n\nThere are a lot of simple ways for Tether to prove that they’ve been acting in good faith, and that their tokens are fully backed… but we have not seen anything other than a mostly useless consulting report, stall tactics and unfulfilled promises.\n\nYet somehow, most people still seem unfazed by the whole thing.Perhaps there have already been so many hacks, scams, ransomware attacks and ponzi schemes that we’ve become desensitized to it all? Another $2B isn’t exactly a drop in the bucket, but as we’ve already learned… life goes on.Or maybe it’s because we have more important things to worry about, like privacy, scaling and maintaining decentralization?\n\nWhatever the reason, I guess it ultimately doesn’t really matter whether Tether has the money they claim to.If they don’t, I believe the short term pain will be a small price to pay for weeding out yet another group of bad actors from the community, and we’ll hopefully learn some valuable lessons in transparency and accountability.\n\nAnd if they do actually have over $2B US dollars lying around somewhere, then you can all safely go back to deciding what color Versace suit best matches your new Lamborghini.",
      "json_metadata": "{\"tags\":[\"bitcoin\",\"cryptocurrency\",\"tether\",\"crypto\",\"news\"],\"image\":[\"https://steemitimages.com/DQmcmK4cwG79J1i7GPz3zHiAAwTyWyshd6d2K2VHgbATGg5/U5dt2GY4RjtkywwoLCPXhQ67oq7jWRZ_1680x8400.png\",\"https://steemitimages.com/DQmU4oRbRuHMxvbP84DesQq4cHkt3brvwdMCsruhLK9t7fH/U5dtqM344Pmw7E64okXF15x5nxL2MZu_1680x8400.png\",\"https://steemitimages.com/DQmUPDPA8xtZhFwQix2CBBHhNg2nnx9rwS5MoJWGiwwTk33/U5dt9z71FgGZtYUugnMuYX3w3rgEWwZ_1680x8400.png\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}",
      "parent_author": "",
      "parent_permlink": "bitcoin",
      "permlink": "why-tether-s-latest-statement-about-its-auditor-is-complete-bs",
      "title": "Why Tether’s latest statement about its auditor is complete BS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-02-03T09:30:18",
  "trx_id": "f30bee1a405794f6bc1af45bf62d2ea41ef5a351",
  "trx_in_block": 22,
  "virtual_op": 0
}

{
  "block": 19542376,
  "op": [
    "vote",
    {
      "author": "saadj",
      "permlink": "bittrex-possibly-adding-dollar-on-off-ramps",
      "voter": "saadj",
      "weight": 10000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-02-03T09:24:57",
  "trx_id": "0184a8b5b750907ebd657bfd268bcc27dc8ccdca",
  "trx_in_block": 22,
  "virtual_op": 0
}

{
  "block": 19542376,
  "op": [
    "comment",
    {
      "author": "saadj",
      "body": "![U5dtJ4ZSP1n8oDzw5rxUMBxeos8E48p_1680x8400.jpg](https://steemitimages.com/DQmYUcXDB3iFzgeZ6GLz5RXgNv67BsBpSpcFei2DGmFxHM8/U5dtJ4ZSP1n8oDzw5rxUMBxeos8E48p_1680x8400.jpg)\nIn an interview with the CEO, Bittrex indicated that they would be adding USD support in the near future.\nPersonally, that is a welcome development from a long time Bittrex user!\n\nIt has been quite a pain any time I want to get dollars in or out of crypto and all the different exchanges I have to sign up for and transfer funds/coins in and out of.\n\nAlso, it's been a headache any time I've tried to explain the process to any of my friends or family members that have been interested in investing in cryptocurrencies.\n\nSo much so, that many of them end up giving up when they learn about the process it is going to take just to buy their favorite cryptocurrency.\n\nSome details about the announcement.\nThe full release can be found here:\n\nhttps://btcmanager.com/major-bitcoin-exchange-bittrex-indicates-will-open-usd-deposits/\n\nSome of the more significnat quotes from the CEO in the release are as follows...\n\nIn response to whether the company was going to open up new account registrations again:\n\n\"Yes, there is going to be a time, I actually think it’s not that far away, when we are going to open up for global signups again, we will end up doing additional requirements, minimum deposit sizes, and things like that to trade, ensuring signs up that are coming in, are people who understand what they are doing… demand has been pretty incredible.”\n\nIn response to whether or not more partnerships like the one seen with Upbit were on the horizon:\n\n“We’re going to see more deals like that in the coming year. And we will be doing USD trading; this won’t be open to everybody, available for the majority of our customers as well as foreign partners that build on top of us.”\n\nThat was the big one... \"we will be doing USD trading\"\n\nNot sure about you, but that sure sounds like they are looking at a USD wallet.\n\nThen there was also this when asked about whether or not there should be concern about Tether:\n\n“Tough question, we treat it as another altcoin. The market agrees Tether is backed by something, as it is trading as a dollar substitute. But I always tell people to do their own research and be cautious in crypto.”\n\nAgain, the full release can be accessed here:\n\nhttps://btcmanager.com/major-bitcoin-exchange-bittrex-indicates-will-open-usd-deposits/\n\nGreat stuff from the CEO of Bittrex.\nI don't know about you, but between this news and the Robinhood news, it sounds like Coinbase is going to have tons of competition on their hands in the very near future.\n\nIncreased competition means better prices for us users.\n\nBring on the competition!\n\nStay informed my friends.",
      "json_metadata": "{\"tags\":[\"bittrex\",\"cryptocurrency\",\"news\",\"busy\",\"bitcoin\"],\"image\":[\"https://steemitimages.com/DQmYUcXDB3iFzgeZ6GLz5RXgNv67BsBpSpcFei2DGmFxHM8/U5dtJ4ZSP1n8oDzw5rxUMBxeos8E48p_1680x8400.jpg\"],\"links\":[\"https://btcmanager.com/major-bitcoin-exchange-bittrex-indicates-will-open-usd-deposits/\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}",
      "parent_author": "",
      "parent_permlink": "bittrex",
      "permlink": "bittrex-possibly-adding-dollar-on-off-ramps",
      "title": "Bittrex possibly adding dollar on/off ramps?"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-02-03T09:24:57",
  "trx_id": "0184a8b5b750907ebd657bfd268bcc27dc8ccdca",
  "trx_in_block": 22,
  "virtual_op": 0
}

{
  "block": 19518827,
  "op": [
    "vote",
    {
      "author": "cheetah",
      "permlink": "cheetah-re-saadjbtc-just-another-distraction",
      "voter": "saadj",
      "weight": 10000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-02-02T13:45:57",
  "trx_id": "d606d7ac6853b06392609824f99c2f7b94580c16",
  "trx_in_block": 25,
  "virtual_op": 0
}