Official BGOL Crypto Currency Thread ★★★★★

stellar lumen
reddcoin
syscoin
siacoin

and thanks for the info re: ripple...guess we'll have to see how it plays out come june/july

Nothing in the Report on Reddcoin, Syscoin but here what the Report says about Siacoin.

Siacoin Siacoin shows a very little in the data sets with a tendency toward 'episodic growth' more as an 'experimental trading token' than due to the underlying assets being provided. At this stage no numeric targets show up, but there is some small language for volatile trading activities at a minor scale.
 
Yea I gotta think as anything being in the red on Polo is the time to buy....from Bittrex of course I won't be doing any business with Poloniex for a while.



XEM
APX
MAID
SEC
LBRY
WAVES
XMR
LTC
HMQ
PIVX
Thanks fam.

Montero: The data for the 'monero coin' continues to come in as 'growing' due to its 'privacy component'. The grow rates are indicated to be 'steady', and 'stable' over time such that 'Monero' is described in the data sets as a 'reflection' of the 'larger aggregated (primary mined) cryptospace'. In other words, just to muddy the thinking, the data sets would have us see Monero as a form of 'proxy' for the 'cryptospace markets' as a whole, in so far as, the 'steady, stable percentage of growth' relative to the capitalization in flows in general. So, to state that more precisely, the data has the percentage of Monero growth in USD over time to be a 'relative bench mark'. Thus the other language around Monero as the 'steady grower', the 'dividend payer', the 'perpetual earner', in our data rendition of 'traderspeak'. The linguistics for Monero would have an interpretation be that if you took the top twenty crypto currencies, and averaged them for your time period, you would find Monero at, or near that number. A good, steady crypto vehicle would be an accurate description from our data sets.


LiteCoin: The data sets have conflicting memes affecting the LiteCoin trading action over the next few months. These themes are forecast to play out as 'test bed (for Bitcoin)', and 'fading', or also defined as 'without luster'. The former is indicated to bring pops in the price as the general CryptoSpace environment is also rising, and the latter is the general trend of slight rises, or mostly subdued in spite of the 'exuberance' in other crypto currencies. The 'flat' aspect of Litecoin emotional appeal aside, the price per coin is indicated to climb over Summer, and, later in Fall (northern hemisphere), reach a point described as 'ignition'. Please note that this is within a context in our data of 'hyperbolic debt based currencies creation', also known as 'hyper inflation'. These sets have support, in Fall, for Litecoin rising dramatically as 'bursts' of 'debt currencies creation' hits the 'financial system'. Litecoin is still showing as receiving a burst of favorable attention in late June that will support prices through the next leg up in the capitalization inflows into cryptospace. These sets have Litecoin being one of those coins which is indicated to be 'regular like clockwork', as well as 'persistently challenging' the 'double digit daily percentage gains'. No numbers present themselves in our data for Litecoin. Many new shorter term sets, as well as longer term sets have positive ratio on emotional tone values with a few of the prime attributes hovering in the same range as ETH.

The rest of the coins you asked about did not make the report.
 
Here is what report says about Ethereum

ETH Ethereum:
Ethereum has new sets accruing as modelspace is moved through June and into July, so to be clear, during the latter half of June, and the first half of July, that have 'action', and 'excitement', as dominating aspect sets in the primary and secondary supporting positions. These sets have several supporting sets in their turn that are suggesting much ETH discussion in Spanish, and Portuguese, and Italian languages. These sets are suggesting that a 'flush' or 'rising pulse' for ETH in 'south America' will be showing up in 'new applications' for the Ethereum platform. The idea coming from the data is that the ETH token will have new 'price support' as 'use studies spread south'. These and other sets are suggesting that 'discussion', and 'successful experiments' are going to 'propel' the ETH awareness much higher over June. There are additional supporting sets that are suggesting that 'price pops' or 'jumps' that will occur in early June are mere 'reflections' of the 'developing debt currencies crisis', and will not actually represent the 'value discovery' that is forecast to occur later in the the month and through the first half of July. The data sets are presenting a picture of a rising emotional tone for the general debt (paper) markets of a 'ballooning (out of control)' that has become 'palpable', and 'constantly present (in traders guts)'. It is against this 'feeling of (near present) danger' in the mainstream markets that the CryptoSpace is described as 'blossoming'. The 'blossoming' is a directly held value set within the ETH linguistic structure. There are new aspect/attribute sets for ETH that have the crypto tokens reaching '3 digits' in price, as a 'held base' or 'floor' before the end of July. This new 'floor' is indicated to hold at least through to September, though the 'action' above the floor is indicated to be 'wildly volatile'. This needs to be emphasized as the data has the 'volatile trading' being so 'wild' as to 'cause physical reactions' such as 'fainting' and 'vomiting', and 'involuntary shakes'. From about the 5th or so, the data sets have ETH as a representation of the 'organization' is indicated to get very large 'boosts' over the rest of June. The 5th shows as just the beginning of the period, with the expectation that it will continue to grow. As modelspace is moved forward through the month, the support levels for ETH are indicated to grow both in the 'communities' and the 'organization'. The result is indicated to be a more steady growth than is seen at the first part of the month with the 'debt based currencies crisis' causing 'pops' as 'capital flees central banks' for 'anything'. The 'WOW factor' for Ethereum as ETH is indicated to grow as the prices in US dollars scale toward $534. This is indicated to bring out a 'flush' or 'rush' into ETH that is going to cause 'headaches' and 'bellyaches' for many 'IT' and 'tech support' groups. The data sets have language about 'corporations' that will become 'aware' that their 'employees' are 'ETH trading' on 'company machines'. Hilarity will NOT ensue. The data has this 'trend' or 'phenomenon' causing all kinds of 'legal issues' as 'employers sue employees' for a 'piece of the action'. Other odd sets have an 'antarctica' connection to ETH that is showing up for Fall (northern hemisphere) as a temporal marker for very significant changes in the western global financial system that are forecast as 'being in sync' with 'new developing uses' of Ethereum as a platform. Within the forecasts for the 'new uses' for ETH both in the southern hemisphere (anti-corruption? Land registration?), and globally, the data sets present what may be one of our first solid, longer term,numeric price targets. BUT DO NOT GET TOO EXCITED UNTIL YOU READ THE WHOLE PARAGRAPH! The number presented is in Brazilian Real's, AND to muddy things even further, the number is projected in modelspace way out, as in March of 2018. AND we note that there are hints of huge 'inflationary jumps' in the Brazilian real between now and then, plus swings in the USD conversion rate between the two. So don't get too excited....it is NOT based on today's Real to USD rate....NOT, get that, NOT...and the number is 14,424 reals to the ETH. So, at today' rate of exchange that is some huge number, but there are linguistic structures within modelspace that are saying it will be about 12% of Bitcoin's USD price at that time. So, taking a guesstimate, that would place an ETH at $1354 or so. There are indications of many major price drops for ETH as various events unfold, however these sets are mostly showing for much later in Fall, and have cross links indicating that other crypto currencies will also be impacted by the 'shifting market capitalization waves'. The data has the price drops being linked to 'excessive' or 'rapid profit taking' and not underlying value. These sets have the price shifts being quite violent, to the point of shocking, but also extremely brief. A small number of these sets are connected to 'aggressive trading bots', and 'aggressive trading strategies' as though there will be 'concerted efforts' to alter market moves for quick profits. These latter sets are not limited to ETH, but due to its emotional popularity later in Fall, the emotional data for the turmoil shows clearest here.
 
Nothing in the Report on Reddcoin, Syscoin but here what the Report says about Siacoin.

Siacoin Siacoin shows a very little in the data sets with a tendency toward 'episodic growth' more as an 'experimental trading token' than due to the underlying assets being provided. At this stage no numeric targets show up, but there is some small language for volatile trading activities at a minor scale.

thanks
 
Here is what report says about Ethereum

ETH Ethereum:
Ethereum has new sets accruing as modelspace is moved through June and into July, so to be clear, during the latter half of June, and the first half of July, that have 'action', and 'excitement', as dominating aspect sets in the primary and secondary supporting positions. These sets have several supporting sets in their turn that are suggesting much ETH discussion in Spanish, and Portuguese, and Italian languages. These sets are suggesting that a 'flush' or 'rising pulse' for ETH in 'south America' will be showing up in 'new applications' for the Ethereum platform. The idea coming from the data is that the ETH token will have new 'price support' as 'use studies spread south'. These and other sets are suggesting that 'discussion', and 'successful experiments' are going to 'propel' the ETH awareness much higher over June. There are additional supporting sets that are suggesting that 'price pops' or 'jumps' that will occur in early June are mere 'reflections' of the 'developing debt currencies crisis', and will not actually represent the 'value discovery' that is forecast to occur later in the the month and through the first half of July. The data sets are presenting a picture of a rising emotional tone for the general debt (paper) markets of a 'ballooning (out of control)' that has become 'palpable', and 'constantly present (in traders guts)'. It is against this 'feeling of (near present) danger' in the mainstream markets that the CryptoSpace is described as 'blossoming'. The 'blossoming' is a directly held value set within the ETH linguistic structure. There are new aspect/attribute sets for ETH that have the crypto tokens reaching '3 digits' in price, as a 'held base' or 'floor' before the end of July. This new 'floor' is indicated to hold at least through to September, though the 'action' above the floor is indicated to be 'wildly volatile'. This needs to be emphasized as the data has the 'volatile trading' being so 'wild' as to 'cause physical reactions' such as 'fainting' and 'vomiting', and 'involuntary shakes'. From about the 5th or so, the data sets have ETH as a representation of the 'organization' is indicated to get very large 'boosts' over the rest of June. The 5th shows as just the beginning of the period, with the expectation that it will continue to grow. As modelspace is moved forward through the month, the support levels for ETH are indicated to grow both in the 'communities' and the 'organization'. The result is indicated to be a more steady growth than is seen at the first part of the month with the 'debt based currencies crisis' causing 'pops' as 'capital flees central banks' for 'anything'. The 'WOW factor' for Ethereum as ETH is indicated to grow as the prices in US dollars scale toward $534. This is indicated to bring out a 'flush' or 'rush' into ETH that is going to cause 'headaches' and 'bellyaches' for many 'IT' and 'tech support' groups. The data sets have language about 'corporations' that will become 'aware' that their 'employees' are 'ETH trading' on 'company machines'. Hilarity will NOT ensue. The data has this 'trend' or 'phenomenon' causing all kinds of 'legal issues' as 'employers sue employees' for a 'piece of the action'. Other odd sets have an 'antarctica' connection to ETH that is showing up for Fall (northern hemisphere) as a temporal marker for very significant changes in the western global financial system that are forecast as 'being in sync' with 'new developing uses' of Ethereum as a platform. Within the forecasts for the 'new uses' for ETH both in the southern hemisphere (anti-corruption? Land registration?), and globally, the data sets present what may be one of our first solid, longer term,numeric price targets. BUT DO NOT GET TOO EXCITED UNTIL YOU READ THE WHOLE PARAGRAPH! The number presented is in Brazilian Real's, AND to muddy things even further, the number is projected in modelspace way out, as in March of 2018. AND we note that there are hints of huge 'inflationary jumps' in the Brazilian real between now and then, plus swings in the USD conversion rate between the two. So don't get too excited....it is NOT based on today's Real to USD rate....NOT, get that, NOT...and the number is 14,424 reals to the ETH. So, at today' rate of exchange that is some huge number, but there are linguistic structures within modelspace that are saying it will be about 12% of Bitcoin's USD price at that time. So, taking a guesstimate, that would place an ETH at $1354 or so. There are indications of many major price drops for ETH as various events unfold, however these sets are mostly showing for much later in Fall, and have cross links indicating that other crypto currencies will also be impacted by the 'shifting market capitalization waves'. The data has the price drops being linked to 'excessive' or 'rapid profit taking' and not underlying value. These sets have the price shifts being quite violent, to the point of shocking, but also extremely brief. A small number of these sets are connected to 'aggressive trading bots', and 'aggressive trading strategies' as though there will be 'concerted efforts' to alter market moves for quick profits. These latter sets are not limited to ETH, but due to its emotional popularity later in Fall, the emotional data for the turmoil shows clearest here.
Is there one for ETC?
 
Just woke up this morning to a couple emails notifying me of logins to my poloniex and bittrex accounts in the middle of the night from IP addresses that I don't recognize. Scared the shit out of me. I don't have anything in my bittrex, but have a little something on poloniex. Luckily, nothing was touched. But I changed my password and enable two factor authentication right away. This was always one of my concerns about this game. Are you subject to a wipe out if you get hacked? Are your assets insured any type of way if you get hacked?

Anybody else experience anything like this?
 
Just woke up this morning to a couple emails notifying me of logins to my poloniex and bittrex accounts in the middle of the night from IP addresses that I don't recognize. Scared the shit out of me. I don't have anything in my bittrex, but have a little something on poloniex. Luckily, nothing was touched. But I changed my password and enable two factor authentication right away. This was always one of my concerns about this game. Are you subject to a wipe out if you get hacked? Are your assets insured any type of way if you get hacked?

Anybody else experience anything like this?
Maaaaaaaaaaaaan.
The other day when @Spectrum said GET YO SHIT OFF POLONIEX NOW was the day I got scared and transferred my shit :lol:
 
Just woke up this morning to a couple emails notifying me of logins to my poloniex and bittrex accounts in the middle of the night from IP addresses that I don't recognize. Scared the shit out of me. I don't have anything in my bittrex, but have a little something on poloniex. Luckily, nothing was touched. But I changed my password and enable two factor authentication right away. This was always one of my concerns about this game. Are you subject to a wipe out if you get hacked? Are your assets insured any type of way if you get hacked?

Anybody else experience anything like this?

Ain't no FDIC for crypto...he who has the private key is deemed owner of the assets.

Read this its lengthy but valuable:

https://steemit.com/bitcoin/@notsof...t-tokens-whatever-a-notsofast-security-primer
 
Just woke up this morning to a couple emails notifying me of logins to my poloniex and bittrex accounts in the middle of the night from IP addresses that I don't recognize. Scared the shit out of me. I don't have anything in my bittrex, but have a little something on poloniex. Luckily, nothing was touched. But I changed my password and enable two factor authentication right away. This was always one of my concerns about this game. Are you subject to a wipe out if you get hacked? Are your assets insured any type of way if you get hacked?

Anybody else experience anything like this?


I am glad to see my bgol brothers getting in the game. One thing we must all realize is this shit is the wild wild west. Anything goes. There is no regulation, anything is possible which is why you must use any and all means necessary to get to this money. Always protect yourself, get your initial investment out and play with your profits. This shit is like the HYIP game and other money games on the internet. When there are no regulations, anything goes, remember that. Putting together something now that we all can participate in to minimize our risk and get this money.
 
When the hell is mobilego coming to an exchange? I'm thristy as fuck for this. Also, im assuming it's going to be starting out expensive seeing as $100 bucks only gave people 200 tokens. I don't care though
 
Was emailed this yesterday
When the hell is mobilego coming to an exchange? I'm thristy as fuck for this. Also, im assuming it's going to be starting out expensive seeing as $100 bucks only gave people 200 tokens. I don't care though
Right now we are going through the final stage of token contract audit (also from some major exchanges) and once we get the approval - they will be announced, and an option to input your withdrawal address will be activated. We expect to begin this process within 5 days to a week.

We will start token distribution approximately 3-4 days after that, and in about 10 days after distribution the token will actually get listed on the exchanges. We are doing that in order to make sure all of our supporters have equal conditions, and that everything goes as smooth as possible for everyone.
 
Here is what report says about Ethereum

ETH Ethereum:
Ethereum has new sets accruing as modelspace is moved through June and into July, so to be clear, during the latter half of June, and the first half of July, that have 'action', and 'excitement', as dominating aspect sets in the primary and secondary supporting positions. These sets have several supporting sets in their turn that are suggesting much ETH discussion in Spanish, and Portuguese, and Italian languages. These sets are suggesting that a 'flush' or 'rising pulse' for ETH in 'south America' will be showing up in 'new applications' for the Ethereum platform. The idea coming from the data is that the ETH token will have new 'price support' as 'use studies spread south'. These and other sets are suggesting that 'discussion', and 'successful experiments' are going to 'propel' the ETH awareness much higher over June. There are additional supporting sets that are suggesting that 'price pops' or 'jumps' that will occur in early June are mere 'reflections' of the 'developing debt currencies crisis', and will not actually represent the 'value discovery' that is forecast to occur later in the the month and through the first half of July. The data sets are presenting a picture of a rising emotional tone for the general debt (paper) markets of a 'ballooning (out of control)' that has become 'palpable', and 'constantly present (in traders guts)'. It is against this 'feeling of (near present) danger' in the mainstream markets that the CryptoSpace is described as 'blossoming'. The 'blossoming' is a directly held value set within the ETH linguistic structure. There are new aspect/attribute sets for ETH that have the crypto tokens reaching '3 digits' in price, as a 'held base' or 'floor' before the end of July. This new 'floor' is indicated to hold at least through to September, though the 'action' above the floor is indicated to be 'wildly volatile'. This needs to be emphasized as the data has the 'volatile trading' being so 'wild' as to 'cause physical reactions' such as 'fainting' and 'vomiting', and 'involuntary shakes'. From about the 5th or so, the data sets have ETH as a representation of the 'organization' is indicated to get very large 'boosts' over the rest of June. The 5th shows as just the beginning of the period, with the expectation that it will continue to grow. As modelspace is moved forward through the month, the support levels for ETH are indicated to grow both in the 'communities' and the 'organization'. The result is indicated to be a more steady growth than is seen at the first part of the month with the 'debt based currencies crisis' causing 'pops' as 'capital flees central banks' for 'anything'. The 'WOW factor' for Ethereum as ETH is indicated to grow as the prices in US dollars scale toward $534. This is indicated to bring out a 'flush' or 'rush' into ETH that is going to cause 'headaches' and 'bellyaches' for many 'IT' and 'tech support' groups. The data sets have language about 'corporations' that will become 'aware' that their 'employees' are 'ETH trading' on 'company machines'. Hilarity will NOT ensue. The data has this 'trend' or 'phenomenon' causing all kinds of 'legal issues' as 'employers sue employees' for a 'piece of the action'. Other odd sets have an 'antarctica' connection to ETH that is showing up for Fall (northern hemisphere) as a temporal marker for very significant changes in the western global financial system that are forecast as 'being in sync' with 'new developing uses' of Ethereum as a platform. Within the forecasts for the 'new uses' for ETH both in the southern hemisphere (anti-corruption? Land registration?), and globally, the data sets present what may be one of our first solid, longer term,numeric price targets. BUT DO NOT GET TOO EXCITED UNTIL YOU READ THE WHOLE PARAGRAPH! The number presented is in Brazilian Real's, AND to muddy things even further, the number is projected in modelspace way out, as in March of 2018. AND we note that there are hints of huge 'inflationary jumps' in the Brazilian real between now and then, plus swings in the USD conversion rate between the two. So don't get too excited....it is NOT based on today's Real to USD rate....NOT, get that, NOT...and the number is 14,424 reals to the ETH. So, at today' rate of exchange that is some huge number, but there are linguistic structures within modelspace that are saying it will be about 12% of Bitcoin's USD price at that time. So, taking a guesstimate, that would place an ETH at $1354 or so. There are indications of many major price drops for ETH as various events unfold, however these sets are mostly showing for much later in Fall, and have cross links indicating that other crypto currencies will also be impacted by the 'shifting market capitalization waves'. The data has the price drops being linked to 'excessive' or 'rapid profit taking' and not underlying value. These sets have the price shifts being quite violent, to the point of shocking, but also extremely brief. A small number of these sets are connected to 'aggressive trading bots', and 'aggressive trading strategies' as though there will be 'concerted efforts' to alter market moves for quick profits. These latter sets are not limited to ETH, but due to its emotional popularity later in Fall, the emotional data for the turmoil shows clearest here.

Is DASH or GNT in the report?
 
I agree but DONT use google authenticator. If your phone is stolen or lost you're fucked, no way to recover that shit. Instead use the Authy app which has backups and allows you to restore to a new device if the unthinkable happens.
What if you back your phone up and restore to a new one? Plus, I thought as long as you keep your secret key you can always maintain control of your accout.
 
I agree but DONT use google authentication. If your phone is stolen or lost you're fucked, no way to recover that shit. Instead use the Authy app which has backups and allows you to restore to a new device if the unthinkable happens.

can you install it on a new phone or back up the authentication some how?
 
What if you back your phone up and restore to a new one? Plus, I thought as long as you keep your secret key you can always maintain control of your accout.
I'm on iPhone not sure about you but if you go to the reviews on the app store the first review details how much of a pain it is to move phones and how it locks you out. I mean it may work for some but I was just putting it out there.
 
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I agree but DONT use google authenticator. If your phone is stolen or lost you're fucked, no way to recover that shit. Instead use the Authy app which has backups and allows you to restore to a new device if the unthinkable happens.
That's why they give you a 16-character authentication code. It can be entered into GA manually.

Just print it out, save it, etc and just keep it in a safe place.
 
can you install it on a new phone or back up the authentication some how?
When I got my new iPhone I had Google Auth on my old so I could never figure out how to move the shit to the new phone. That's when I started reading the reviews and went with Authy. Luckily I could turn off the codes google was using and be done with it. Authy is just simpler to transfer to a new phone and again it's reviews of people being shit out of luck using the google app. Again, I was just putting it out there use what works for you.
 
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I'm starting to believe that XRP was just a method for Ripple to fund raise. The fact that banks don't actually need it doesn't bode well for us investors.
 
If you got into Ripple at less than a penny just take your XRP, lock them up on a newly formatted thumb drive, check the drive four times a year to make sure it works, and revisit the Ripple chart yearly.

If you're playing with Ripple acquired at less than a penny your only risk of loss is if Ripple returns to a penny, just ride it out.

No one knows how this will play out, granted I've always been skeptical of a $10+ XRP valuation, but maybe Ripple strong arms banks into using XRP.

Alot of variables to consider looking four years into the future, so just stack a decent amount and learn to trade other coins.
 
If you got into Ripple at less than a penny just take your XRP, lock them up on a newly formatted thumb drive, check the drive four times a year to make sure it works, and revisit the Ripple chart yearly.

If you're playing with Ripple acquired at less than a penny your only risk of loss is if Ripple returns to a penny, just ride it out.

No one knows how this will play out, granted I've always been skeptical of a $10+ XRP valuation, but maybe Ripple strong arms banks into using XRP.

Alot of variables to consider looking four years into the future, so just stack a decent amount and learn to trade other coins.
If for nothing else, I'm holding at least to see the outcome or the progression to milestones like these:

Japan is the third largest economy in the world by nominal GDP ($6.11 trillion), fourth by purchasing power parity(PPP) and second largest developed economy. Currently, their GDP per capita is roughly $48,412 (vs $56,430 in US) and their major trade partners include the US, China, Hong Kong, Australia and South Korea.

Japan%20GDP.png


Aside from the speculation that they maybe soon pressure their trade partners (excluding the US and China) to adopt a system which allows for instant, near free transfers of funds, here’s where it gets interesting for the immediate future: Japan has already started accepting Ripple(XRP) as legal tender. If Ripple raises to just 25% of the overall transaction volume of P2P, P2B & B2B within Japan itself (represented in the chart by Other Services, Real Estate, Retail, Transport, Communications, Finance & Utilities) which is equal to about 20% of their overall economy, Ripple would be handling roughly $1.27 trillion USD in Japan – alone - every year. To put that in perspective, the current (at the time of writing) market capitalization of Bitcoin(BTC) is $30.7 billion USD (or >0.4%). Unlike Bitcoin, Ripple is legal tender which means that it can be exchanged for material goods and services, which means that it’s likely to have explosive acceptance in the local area.

India.jpg


India-based Axis Bank announced in April that they will soon begin leveraging distributed ledger tech for cross-border transactions and to make banking simple and convenient for their customers. About 15 days’ prior, another large financial institution, Yes Bank, also announced that they would be adopting Ripples ledger for the same reasons. If Ripple continues to grow in acceptance at this rate in India, we could see another economy, roughly 1/3 the size of Japan’s ($2.074 trillion USD) add to Ripples annual transaction value. Now, from an economic stand point, this is most interesting because agriculture represents more than 50% of India’s employment, which means that India would be the 2nd case of consumer trading Ripple for staple foods.

India%20GDP.png


It is likely that Ripple will not handle as large of a percentage of overall transaction volumes in India because only two major banks have adopted this currency and it is not the only Crypto. The latter is probably one of the most important variables, as this means that Ripple will be duking it out for market dominancy. As all of my projections are fairly conservative, I would estimate that Ripple will handle roughly 10% of India’s over all transaction volume in the next 365 days, equal to roughly $311.1 billion USD.

One last thing that I would like to mention is that India is literally the ‘I’ in BRIC and roughly 13% of the BRIC countries total output. If the BRIC comes to fruition, India may be able to convince it’s other close trade partners to jump on the XRP-Train as well.

Dubai.jpg


Abu Dhabi Bank, the National and largest bank of the UAE, has already begun offering cross-border transaction services with Ripples distributive ledger technology as well. As they deal extensively with their middle eastern neighbors, such as Saudi Arabia, and Qatar, the UAE is likely to set a trend for other CEMEA countries to follow.

UAE%20GDP.png


This might be a surprise to some people, but Dubai’s largest industry is the energy sector (shocker!) followed closely by Real Estate and their Finance industry (double shocker!). Although their GPD is much smaller than Japan and India’s (about $370 billion USD), I am anticipating Ripple to handle a larger percent of the UAE’s transaction volume (31.11%), especially in the finance, Real Estate, Retail and Logistics industries. This is due largely to the fact that their population is only roughly 9.157 million, but most Abu Dhabi nationals are very financially inclined (or at least heavy spenders).
Source
 
If for nothing else, I'm holding at least to see the outcome or the progression to milestones like these:

Japan is the third largest economy in the world by nominal GDP ($6.11 trillion), fourth by purchasing power parity(PPP) and second largest developed economy. Currently, their GDP per capita is roughly $48,412 (vs $56,430 in US) and their major trade partners include the US, China, Hong Kong, Australia and South Korea.

Japan%20GDP.png


Aside from the speculation that they maybe soon pressure their trade partners (excluding the US and China) to adopt a system which allows for instant, near free transfers of funds, here’s where it gets interesting for the immediate future: Japan has already started accepting Ripple(XRP) as legal tender. If Ripple raises to just 25% of the overall transaction volume of P2P, P2B & B2B within Japan itself (represented in the chart by Other Services, Real Estate, Retail, Transport, Communications, Finance & Utilities) which is equal to about 20% of their overall economy, Ripple would be handling roughly $1.27 trillion USD in Japan – alone - every year. To put that in perspective, the current (at the time of writing) market capitalization of Bitcoin(BTC) is $30.7 billion USD (or >0.4%). Unlike Bitcoin, Ripple is legal tender which means that it can be exchanged for material goods and services, which means that it’s likely to have explosive acceptance in the local area.

India.jpg


India-based Axis Bank announced in April that they will soon begin leveraging distributed ledger tech for cross-border transactions and to make banking simple and convenient for their customers. About 15 days’ prior, another large financial institution, Yes Bank, also announced that they would be adopting Ripples ledger for the same reasons. If Ripple continues to grow in acceptance at this rate in India, we could see another economy, roughly 1/3 the size of Japan’s ($2.074 trillion USD) add to Ripples annual transaction value. Now, from an economic stand point, this is most interesting because agriculture represents more than 50% of India’s employment, which means that India would be the 2nd case of consumer trading Ripple for staple foods.

India%20GDP.png


It is likely that Ripple will not handle as large of a percentage of overall transaction volumes in India because only two major banks have adopted this currency and it is not the only Crypto. The latter is probably one of the most important variables, as this means that Ripple will be duking it out for market dominancy. As all of my projections are fairly conservative, I would estimate that Ripple will handle roughly 10% of India’s over all transaction volume in the next 365 days, equal to roughly $311.1 billion USD.

One last thing that I would like to mention is that India is literally the ‘I’ in BRIC and roughly 13% of the BRIC countries total output. If the BRIC comes to fruition, India may be able to convince it’s other close trade partners to jump on the XRP-Train as well.

Dubai.jpg


Abu Dhabi Bank, the National and largest bank of the UAE, has already begun offering cross-border transaction services with Ripples distributive ledger technology as well. As they deal extensively with their middle eastern neighbors, such as Saudi Arabia, and Qatar, the UAE is likely to set a trend for other CEMEA countries to follow.

UAE%20GDP.png


This might be a surprise to some people, but Dubai’s largest industry is the energy sector (shocker!) followed closely by Real Estate and their Finance industry (double shocker!). Although their GPD is much smaller than Japan and India’s (about $370 billion USD), I am anticipating Ripple to handle a larger percent of the UAE’s transaction volume (31.11%), especially in the finance, Real Estate, Retail and Logistics industries. This is due largely to the fact that their population is only roughly 9.157 million, but most Abu Dhabi nationals are very financially inclined (or at least heavy spenders).
Source


Excellent news for Ripple......but XRP?
 
MobileGo token distribution



We have changed our initial distribution model slightly. There will be a special form with 2 fields - one for ETH addresses and one for Waves addresses. Even people who have invested using only Waves will need to enter a withdrawal address (even if it is the address you sent from).

We recommend that you use an Ethereum wallet or Waves wallet (non-exchange wallets), for example MyEtherWallet (https://www.myetherwallet.com/) or Waves Lite (https://waveswallet.io/).

You can input a Waves address or ETH address or both. If you enter both, the amount you can withdraw will be split equally between both platforms, so you will get 50% of tokens on Waves and 50% on Ethereum. If you enter just 1 address you will get all tokens on the respective platform.

Right now we are going through the final stage of token contract audit (also from some major exchanges) and once we get the approval - they will be announced, and an option to input your withdrawal address will be activated. We expect to begin this process within 5 days to a week.

We will start token distribution approximately 3-4 days after that, and in about 10 days after distribution the token will actually get listed on the exchanges. We are doing that in order to make sure all of our supporters have equal conditions, and that everything goes as smooth as possible for everyone.



Crowdsale panel status

As you might have noticed our crowdsale panel is currently unavailable some of the time. There are two reasons for this - one is our investment audit and the other reason is an attack that was performed right after the crowdsale was closed.

A Denial of Service attack (or DDoS) is a type of attack that overloads a service with a huge amount of requests of different types. While the web application itself is covered by Cloudflare enterprise edition, some parts of it are still vulnerable. In this case the attack was actually targeted at the database level.

Nothing was damaged at all, and the only actual aftermath is that the amount of traffic was so huge (over 6 terabytes in just few hours) that database service consumption went way over the reasonable limits. So we updated the settings in order to temporarily limit that, and once everything settles down - we will return the panel back to normal operational mode. Of course that will happen before we actually start the distribution as described above.


ProductHunt campaign

We were thrilled today to find out that someone from the community listed MobileGo on Product Hunt (www.producthunt.com). We appreciate that, and wanted to add MobileGo ourselves as ProductHunt allows us to gain great visibility among early adopters in IT world.

We were not prepared to launch it just yet of course, so we would be grateful if you could support MobileGo one more time. To do that you will need to go to producthunt.com, find MobileGo via the search bar and upvote it. Platform rules don't allow posting a direct link to the listing, so that might take more effort - and therefore we appreciate the support.
 
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