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Craig Steven Wright is Satoshi Nakamoto

A couple of years ago in the early months of the 2017, I published a piece called Abundance Via Cryptocurrencies (https://www.reddit.com/C\_S\_T/comments/69d12a/abundance\_via\_cryptocurrencies/) in which I kind of foresaw the crypto boom that had bitcoin go from $1k to $21k and the alt-coin economy swell up to have more than 60% of the bitcoin market capitalisation. At the time, I spoke of coming out from “the Pit” of conspiracy research and that I was a bit suss on bitcoin’s inception story. At the time I really didn’t see the scaling solution being put forward as being satisfactory and the progress on bitcoin seemed stifled by the politics of the social consensus on an open source protocol so I was looking into alt coins that I thought could perhaps improve upon the shortcomings of bitcoin. In the thread I made someone recommended to have a look at 4chan’s business and finance board. I did end up taking a look at it just as the bull market started to really surge. I found myself in a sea of anonymous posters who threw out all kinds of info and memes about the hundreds, thousands, tens of thousands of different shitcoins and why they’re all going to have lambos on the moon. I got right in to it, I loved the idea of filtering through all the shitposts and finding the nuggest of truth amongst it all and was deeply immersed in it all as the price of bitcoin surged 20x and alt coins surged 5-10 times against bitcoin themselves. This meant there were many people who chucked in a few grand and bought a stash of alt coins that they thought were gonna be the next big thing and some people ended up with “portfolios” 100-1000x times their initial investment.
To explain what it’s like to be on an anonymous business and finance board populated with incel neets, nazis, capitalist shit posters, autistic geniuses and whoever the hell else was using the board for shilling their coins during a 100x run up is impossible. It’s hilarious, dark, absurd, exciting and ultimately addictive as fuck. You have this app called blockfolio that you check every couple of minutes to see the little green percentages and the neat graphs of your value in dollars or bitcoin over day, week, month or year. Despite my years in the pit researching conspiracy, and my being suss on bitcoin in general I wasn’t anywhere near as distrustful as I should have been of an anonymous business and finance board and although I do genuinely think there are good people out there who are sharing information with one another in good faith and feel very grateful to the anons that have taken their time to write up quality content to educate people they don’t know, I wasn’t really prepared for the level of organisation and sophistication of the efforts groups would go to to deceive in this space.
Over the course of my time in there I watched my portfolio grow to ridiculous numbers relative to what I put in but I could never really bring myself to sell at the top of a pump as I always felt I had done my research on a coin and wanted to hold it for a long time so why would I sell? After some time though I would read about something new or I would find out of dodgy relationships of a coin I had and would want to exit my position and then I would rebalance my portfolio in to a coin I thought was either technologically superior or didn’t have the nefarious connections to people I had come across doing conspiracy research. Because I had been right in to the conspiracy and the decentralisation tropes I guess I always carried a bit of an antiauthoritarian/anarchist bias and despite participating in a ridiculously capitalistic market, was kind of against capitalism and looking to a blockchain protocol to support something along the lines of an open source anarchosyndicalist cryptocommune. I told myself I was investing in the tech and believed in the collective endeavour of the open source project and ultimately had faith some mysterious “they” would develop a protocol that would emancipate us from this debt slavery complex.
As I became more and more aware of how to spot artificial discussion on the chans, I began to seek out further some of the radical projects like vtorrent and skycoin and I guess became a bit carried away from being amidst such ridiculous overt shilling as on the boards so that if you look in my post history you can even see me promoting some of these coins to communities I thought might be sympathetic to their use case. I didn’t see it at the time because I always thought I was holding the coins with the best tech and wanted to ride them up as an investor who believed in them, but this kind of promotion is ultimately just part of a mentality that’s pervasive to the cryptocurrency “community” that insists because it is a decentralised project you have to in a way volunteer to inform people about the coin since the more decentralised ones without premines or DAO structures don’t have marketing budgets, or don’t have marketing teams. In the guise of cultivating a community, groups form together on social media platforms like slack, discord, telegram, twitter and ‘vote’ for different proposals, donate funds to various boards/foundations that are set up to give a “roadmap” for the coins path to greatness and organise marketing efforts on places like reddit, the chans, twitter. That’s for the more grass roots ones at least, there are many that were started as a fork of another coin, or a ICO, airdrop or all these different ways of disseminating a new cryptocurrency or raising funding for promising to develop one. Imagine the operations that can be run by a team that raised millions, hundreds of millions or even billions of dollars on their ICOs, especially if they are working in conjunction with a new niche of cryptocurrency media that’s all nepotistic and incestuous.
About a year and a half ago I published another piece called “Bitcoin is about to be dethroned” (https://www.reddit.com/C\_S\_T/comments/7ewmuu/bitcoin\_is\_about\_to\_be\_dethroned/) where I felt I had come to realise the scaling debate had been corrupted by a company called Blockstream and they had been paying for social media operations in a fashion not to dissimilar to correct the record or such to control the narrative around the scaling debate and then through deceit and manipulation curated an apparent consensus around their narrative and hijacked the bitcoin name and ticker (BTC). I read the post again just before posting this and decided to refer to it to to add some kind of continuity to my story and hopefully save me writing so much out. Looking back on something you wrote is always a bit cringey especially because I can see that although I had made it a premise post, I was acting pretty confident that I was right and my tongue was acidic because of so much combating of shills on /biz/ but despite the fact I was wrong about the timing I stand by much of what I wrote then and want to expand upon it a bit more now.
The fork of the bitcoin protocol in to bitcoin core (BTC) and bitcoin cash (BCH) is the biggest value fork of the many that have occurred. There were a few others that forked off from the core chain that haven’t had any kind of attention put on them, positive or negative and I guess just keep chugging away as their own implementation. The bitcoin cash chain was supposed to be the camp that backed on chain scaling in the debate, but it turned out not everyone was entirely on board with that and some players/hashpower felt it was better to do a layer two type solution themselves although with bigger blocks servicing the second layer. Throughout what was now emerging as a debate within the BCH camp, Craig Wright and Calvin Ayre of Coin Geek said they were going to support massive on chain scaling, do a node implementation that would aim to restore bitcoin back to the 0.1.0 release which had all kinds of functionality included in it that had later been stripped by Core developers over the years and plan to bankrupt the people from Core who changed their mind on agreeing with on-chain scaling. This lead to a fork off the BCH chain in to bitcoin satoshis vision (BSV) and bitcoin cash ABC.

https://bitstagram.bitdb.network/m/raw/cbb50c322a2a89f3c627e1680a3f40d4ad3cee5a3fb153e5d6d001bdf85de404

The premise for this post is that Craig S Wright was Satoshi Nakamoto. It’s an interesting premise because depending upon your frame of reference the premise may either be a fact or to some too outrageous to even believe as a premise. Yesterday it was announced via CoinGeek that Craig Steven Wright has been granted the copyright claim for both the bitcoin white-paper under the pen name Satoshi Nakamoto and the original 0.1.0 bitcoin software (both of which were marked (c) copyright of satoshi nakamoto. The reactions to the news can kind of be classified in to four different reactions. Those who heard it and rejected it, those who heard it but remained undecided, those who heard it and accepted it, and those who already believed he was. Apparently to many the price was unexpected and such a revelation wasn’t exactly priced in to the market with the price immediately pumping nearly 100% upon the news breaking. However, to some others it was a vindication of something they already believed. This is an interesting phenomena to observe. For many years now I have always occupied a somewhat positively contrarian position to the default narrative put forward to things so it’s not entirely surprising that I find myself in a camp that holds the minority opinion. As you can see in the bitcoin dethroned piece I called Craig fake satoshi, but over the last year and bit I investigated the story around Craig and came to my conclusion that I believed him to be at least a major part of a team of people who worked on the protocol I have to admit that through reading his articles, I have kind of been brought full circle to where my contrarian opinion has me becoming somewhat of an advocate for “the system’.
https://coingeek.com/bitcoin-creator-craig-s-wright-satoshi-nakamoto-granted-us-copyright-registrations-for-bitcoin-white-paper-and-code/

When the news dropped, many took to social media to see what everyone was saying about it. On /biz/ a barrage of threads popped up discussing it with many celebrating and many rejecting the significance of such a copyright claim being granted. Immediately in nearly every thread there was a posting of an image of a person from twitter claiming that registering for copyright is an easy process that’s granted automatically unless challenged and so it doesn’t mean anything. This was enough for many to convince them of the insignificance of the revelation because of the comment from a person who claimed to have authority on twitter. Others chimed in to add that in fact there was a review of the copyright registration especially in high profile instances and these reviewers were satisfied with the evidence provided by Craig for the claim. At the moment Craig is being sued by Ira Kleiman for an amount of bitcoin that he believes he is entitled to because of Craig and Ira’s brother Dave working together on bitcoin. He is also engaged in suing a number of people from the cryptocurrency community for libel and defamation after they continued to use their social media/influencer positions to call him a fraud and a liar. He also has a number of patents lodged through his company nChain that are related to blockchain technologies. This has many people up in arms because in their mind Satoshi was part of a cypherpunk movement, wanted anonymity, endorsed what they believed to be an anti state and open source technologies and would use cryptography rather than court to prove his identity and would have no interest in patents.
https://bitstagram.bitdb.network/m/raw/1fce34a7004759f8db16b2ae9678e9c6db434ff2e399f59b5a537f72eff2c1a1
https://imgur.com/a/aANAsL3)

If you listen to Craig with an open mind, what cannot be denied is the man is bloody smart. Whether he is honest or not is up to you to decide, but personally I try to give everyone the benefit of the doubt and then cut them off if i find them to be dishonest. What I haven’t really been able to do with my investigation of craig is cut him off. There have been many moments where I disagree with what he has had to say but I don’t think people having an opinion about something that I believe to be incorrect is the same as being a dishonest person. It’s very important to distinguish the two and if you are unable to do so there is a very real risk of you projecting expectations or ideals upon someone based off your ideas of who they are. Many times if someone is telling the truth but you don’t understand it, instead of acknowledging you don’t understand it, you label them as being stupid or dishonest. I think that has happened to an extreme extent with Craig. Let’s take for example the moment when someone in the slack channel asked Craig if he had had his IQ tested and what it was. Craig replied with 179. The vast majority of people on the internet have heard someone quote their IQ before in an argument or the IQ of others and to hear someone say such a score that is actually 6 standard deviations away from the mean score (so probably something like 1/100 000) immediately makes them reject it on the grounds of probability. Craig admits that he’s not the best with people and having worked with/taught many high functioning people (sometimes on the spectrum perhaps) on complex anatomical and physiological systems I have seen some that also share the same difficulties in relating to people and reconciling their genius and understandings with more average intelligences. Before rejecting his claim outright because we don’t understand much of what he says, it would be prudent to first check is there any evidence that may lend support to his claim of a one in a million intelligence quotient.

Craig has mentioned on a number of occasions that he holds a number of different degrees and certifications in relation to law, cryptography, statistics, mathematics, economics, theology, computer science, information technology/security. I guess that does sound like something someone with an extremely high intelligence could achieve. Now I haven’t validated all of them but from a simple check on Charles Sturt’s alumni portal using his birthday of 23rd of October 1970 we can see that he does in fact have 3 Masters and a PhD from Charles Sturt. Other pictures I have seen from his office at nChain have degrees in frames on the wall and a developer published a video titled Craig Wright is a Genius with 17 degrees where he went and validated at least 8 of them I believe. He is recently publishing his Doctorate of Theology through an on-chain social media page that you have to pay a little bit for access to sections of his thesis. It’s titled the gnarled roots of creation. He has also mentioned on a number of occasions his vast industry experience as both a security contractor and business owner. An archive from his LinkedIn can be seen below as well.

LinkedIn - https://archive.is/Q66Gl
https://youtu.be/nXdkczX5mR0 - Craig Wright is a Genius with 17 Degrees
https://www.yours.org/content/gnarled-roots-of-a-creation-mythos-45e69558fae0 - Gnarled Roots of Creation.
In fact here is an on chain collection of articles and videos relating to Craig called the library of craig - https://www.bitpaste.app/tx/94b361b205196560d1bd09e4e3b3ec7ad6bea478af204cabfe243efd8fc944dd


So there is a guy with 17 degrees, a self professed one in a hundred thousand IQ, who’s worked for Australian Federal Police, ASIO, NSA, NASA, ASX. He’s been in Royal Australian Air Force, operated a number of businesses in Australia, published half a dozen academic papers on networks, cryptography, security, taught machine learning and digital forensics at a number of universities and then another few hundred short articles on medium about his work in these various domains, has filed allegedly 700 patents on blockchain related technology that he is going to release on bitcoin sv, copyrighted the name so that he may prevent other competing protocols from using the brand name, that is telling you he is the guy that invented the technology that he has a whole host of other circumstantial evidence to support that, but people won’t believe that because they saw something that a talking head on twitter posted or that a Core Developer said, or a random document that appears online with a C S Wright signature on it that lists access to an address that is actually related to Roger Ver, that’s enough to write him off as a scam. Even then when he publishes a photo of the paper copy which appears to supersede the scanned one, people still don’t readjust their positions on the matter and resort back to “all he has to do is move the coins or sign a tx”.

https://imgur.com/urJbe10

Yes Craig was on the Cypherpunk mailing list back in the day, but that doesn’t mean that he was or is an anarchist. Or that he shares the same ideas that Code Is Law that many from the crypto community like to espouse. I myself have definitely been someone to parrot the phrase myself before reading lots of Craig’s articles and trying to understand where he is coming from. What I have come to learn from listening and reading the man, is that although I might be fed up with the systems we have in place, they still exist to perform important functions within society and because of that the tools we develop to serve us have to exist within that preexisting legal and social framework in order for them to have any chance at achieving global success in replacing fiat money with the first mathematically provably scarce commodity. He says he designed bitcoin to be an immutable data ledger where everyone is forced to be honest, and economically disincentivised to perform attacks within the network because of the logs kept in a Write Once Read Many (WORM) ledger with hierarchical cryptographic keys. In doing so you eliminate 99% of cyber crime, create transparent DAO type organisations that can be audited and fully compliant with legislature that’s developed by policy that comes from direct democratic voting software. Everyone who wants anonymous coins wants to have them so they can do dishonest things, illegal things, buy drugs, launder money, avoid taxes.

Now this triggers me a fair bit as someone who has bought drugs online, who probably hasn’t paid enough tax, who has done illegal things contemplating what it means to have that kind of an evidence ledger, and contemplate a reality where there are anonymous cryptocurrencies, where massive corporations continue to be able to avoid taxes, or where methamphetamine can be sold by the tonne, or where people can be bought and sold. This is the reality of creating technologies that can enable and empower criminals. I know some criminals and regard them as very good friends, but I know there are some criminals that I do not wish to know at all. I know there are people that do horrific things in the world and I know that something that makes it easier for them is having access to funds or the ability to move money around without being detected. I know arms, drugs and people are some of the biggest markets in the world, I know there is more than $50 trillion dollars siphoned in to off shore tax havens from the value generated as the product of human creativity in the economy and how much human charity is squandered through the NGO apparatus. I could go on and on about the crappy things happening in the world but I can also imagine them getting a lot worse with an anonymous cryptocurrency. Not to say that I don’t think there shouldn’t be an anonymous cryptocurrency. If someone makes one that works, they make one that works. Maybe they get to exist for a little while as a honeypot or if they can operate outside the law successfully longer, but bitcoin itself shouldn’t be one. There should be something a level playing field for honest people to interact with sound money. And if they operate within the law, then they will have more than adequate privacy, just they will leave immutable evidence for every transaction that can be used as evidence to build a case against you committing a crime.

His claim is that all the people that are protesting the loudest about him being Satoshi are all the people that are engaged in dishonest business or that have a vested interest in there not being one singular global ledger but rather a whole myriad of alternative currencies that can be pumped and dumped against one another, have all kinds of financial instruments applied to them like futures and then have these exchanges and custodial services not doing any Know Your Customer (KYC) or Anti Money Laundering (AML) processes. Bitcoin SV was delisted by a number of exchanges recently after Craig launched legal action at some twitter crypto influencetalking heads who had continued to call him a fraud and then didn’t back down when the CEO of one of the biggest crypto exchanges told him to drop the case or he would delist his coin. The trolls of twitter all chimed in in support of those who have now been served with papers for defamation and libel and Craig even put out a bitcoin reward for a DOX on one of the people who had been particularly abusive to him on twitter. A big european exchange then conducted a twitter poll to determine whether or not BSV should be delisted as either (yes, it’s toxic or no) and when a few hundred votes were in favour of delisting it (which can be bought for a couple of bucks/100 votes). Shortly after Craig was delisted, news began to break of a US dollar stable coin called USDT potentially not being fully solvent for it’s apparent 1:1 backing of the token to dollars in the bank. Binance suffered an alleged exchange hack with 7000 BTC “stolen” and the site suspending withdrawals and deposits for a week. Binance holds 800m USDT for their US dollar markets and immediately once the deposits and withdrawals were suspended there was a massive pump for BTC in the USDT markets as people sought to exit their potentially not 1:1 backed token for bitcoin. The CEO of this exchange has the business registered out of Malta, no physical premises, the CEO stays hotel room to hotel room around the world, has all kind of trading competitions and the binance launchpad, uses an unregistered security to collect fees ($450m during the bear market) from the trading of the hundreds of coins that it lists on its exchange and has no regard for AML and KYC laws. Craig said he himself was able to create 100 gmail accounts in a day and create binance accounts with each of those gmail accounts and from the same wallet, deposit and withdraw 1 bitcoin into each of those in one day ($8000 x 100) without facing any restrictions or triggering any alerts or such.
This post could ramble on for ever and ever exposing the complexities of the rabbit hole but I wanted to offer some perspective on what’s been happening in the space. What is being built on the bitcoin SV blockchain is something that I can only partially comprehend but even from my limited understanding of what it is to become, I can see that the entirety of the crypto community is extremely threatened as it renders all the various alt coins and alt coin exchanges obsolete. It makes criminals play by the rules, it removes any power from the developer groups and turns the blockchain and the miners in to economies of scale where the blockchain acts as a serverless database, the miners provide computational resources/storage/RAM and you interact with a virtual machine through a monitor and keyboard plugged in to an ethernet port. It will be like something that takes us from a type 0 to a type 1 civilisation. There are many that like to keep us in the quagmire of corruption and criminality as it lines their pockets. Much much more can be read about the Cartel in crypto in the archive below. Is it possible this cartel has the resources to mount such a successful psychological operation on the cryptocurrency community that they manage to convince everyone that Craig is the bad guy, when he’s the only one calling for regulation, the application of the law, the storage of immutable records onchain to comply with banking secrecy laws, for Global Sound Money?

https://archive.fo/lk1lH#selection-3671.46-3671.55

Please note, where possible, images were uploaded onto the bitcoin sv blockchain through bitstagram paying about 10c a pop. If I wished I could then use an application etch and archive this post to the chain to be immutably stored. If this publishing forum was on chain too it would mean that when I do the archive the images that are in the bitstragram links (but stored in the bitcoin blockchain/database already) could be referenced in the archive by their txid so that they don’t have to be stored again and thus bringing the cost of the archive down to only the html and css.
submitted by whipnil to C_S_T [link] [comments]

Cryptocurrency: Is It Still Alive or Dying? Part 2

Cryptocurrency: Is It Still Alive or Dying? Part 2
Cryptocurrency: Is It Still Alive or Dying?
Part 2. Political and Economic Trends in Favor of the Cryptocurrency Market Development

In the first part of the story we showed that the cryptocurrency market crash in 2018 and the beginning of its recovery in 2019 fit well into the general patterns of the financial bubbles’ development, and also repeat pretty well the Bitcoin dynamics of 2014-2016. But besides the analogies with other bubbles, there are a lot of other arguments in favor of the global growth of the market, among which are the political and economic trends of the recent years.

Relaxation of the Political Climate around the Cryptoassets

The entire year of 2017 has witnessed heated discussions as to the legal status of the digital assets. One of the central events of the year was their legalization in Japan in April. Precisely this legalization, according to many, spurred a dramatic growth of the cryptocurrency market in May (especially, altcoins). But the majority of other countries during this period held more skeptical positions.

The U.S. government on several occasions refused to register bitcoin-ETF - exchange-traded funds, the price of shares in which would repeat the price of BTC. The U.S. government also extremely tightened the conditions of the ICO procedure, while some countries, such as China and South Korea - have banned it completely. Certain countries, such as Indonesia and Salvador, have banned cryptocurrencies to the extent of criminal responsibility.

A number of countries, including Russia, have adopted a cautious wait-and-see attitude, regularly promising to impose restrictions of varying severity, but not hurrying to sign it into law.

A turning point on the way to the global recognition of the cryptocurrency was the beginning of trading the Bitcoin futures at the Chicago exchanges (CME) (the world’s largest stock exchange in terms of turnover) and CBOE in December of 2017. That is when the American government admitted openly that cryptocurrencies are now to be reckoned with. With the beginning of this trade, the powerful financial circles of the USA, whose opinion cannot be ignored by the political leadership, became interested in the development of the cryptocurrency market.
Chicago Mercantile Exchange, CME – the world leader in terms of trade volume

In 2018, the following paradox became obvious: even if over the longer term cryptocurrencies are dangerous for the modern political system (tied up in the central banks and the currency exchange regulation), the countries that will be the first to prohibit them will be most affected along with those countries that will simply overdo stirring up negative attitude. Those countries that will settle on legalization will benefit. The drain of brains and capitals will be directed to these countries from the more repressive or unpredictable countries. A typical example of that - Crypto Project GRAM of the Russian businessman Pavel Durov, whose ICO in 2018 reached a record amount, but it was carried out in USA, and not in the legislatively uncertain Russian Federation.

The experience of the countries that have legalized the cryptocurrencies, proved successful both from the financial standpoint, and from the perspective of the international prestige. They proved themselves to be open to the progress and new freedoms. In addition to Japan, Switzerland is especially noteworthy here, because it legalized cryptocurrencies as early as in 2016, but the most brilliantly announced about itself in 2018, when its banks began to introduce cryptocurrency services one after another. Among the innovator banks there was even a Swiss subsidiary of the Russian Savings Bank (Sberbank). The very expression “Swiss bank” became a synonym of not only high reliability, but also innovation.

A milestone event of 2018 was legalization of cryptocurrencies in Germany – the leading economy of the European Union. Rather liberal measures relative to the cryptocurrencies are being applied today in Czechia, Sweden, Canada, Denmark, Australia, Estonia, Norway, Finland, and a number of other countries.

“Legalization parade” has shown: the politicians with repressive attitudes cannot count on the global ban of the cryptocurrencies (which seemed theoretically possible in 2016-2017). Economically developed countries made an obvious choice: “if you cannot stop the process – become its leader”. And precisely in these countries the maximum capitals are being circulated, and the market situation depends precisely on their business activity.

Explosive Growth of the Retail Use of Cryptocurrencies

Despite obvious popularization of cryptocurrencies, there is still a myth that they are purely investment and speculative instrument, which, even if used as a payment method – only in the dark net, and as a means of payment for illegal commodities. But this is not the case today. As far back as 2013-2015, legal services accepting bitcoin emerged, and in 2016-2018 their market has undergone explosive growth.

The pioneers of the cryptocurrency market of goods and services in 2013, were, for example, Virgin Galactic – space tourism company, Victoria’s Secret lingerie company, Shopify - a supplier of software for the online stores. In 2014, the cryptocurrency was adopted by the Overstock online store, Expedia tourism service, Zynga – operator of the online games, the software monster Microsoft and many others. Some of these companies considerably went up due to the innovations: for example, the shares of Shopify and Overstock have increased in price several-fold since then.

As of today, the cryptocurrency is accepted by hundreds of large companies and thousands of small ones, while the range of their products is approaching the one in a traditional economy. The most popular categories of the goods for the cryptocurrency in the large famous companies are tourism and air tickets (Expedia), software and games (Microsoft, Shopify, Zynga, Steam), clothing and other consumer goods (Victoria’s Secret, Overstock.com, Rakuten), as well as food products (Subway, KFC, Burger King – in Russia). As an example, Playboy erotic products, premium accounts of the 4chan.org and reddit.com forums, Bloomberg.com business news, automobiles in the Czech show room Alza and many other goods can be also purchased for cryptocurrency.

A number of well-known companies, although they prefer traditional payments, nevertheless allow crypto payments through the intermediary services, such as gyft.com (trading with the card Gyft for BTC). For example, Ebay online store, Wallmart supermarket chain, Starbucks restaurants, Uber taxi service, etc. The turnover of gyft.com is evaluated in the amount of 25 million dollars with only 38 employees.
Small start-up companies often use ready-made multicurrency gateways such as coinpayments.net. It supports dozens of currencies, and hosts about 400 companies. In addition to mainstream, it contains a lot of specialized commodities. For example, crypto-armory.com sells cartridges, francvila.com – Swiss watches, directvoltage.com - 3D-printers, electric motors, CNC machines, etc. Some new stores not only accept cryptocurrencies, but also purposely give up fiat currency. For example, crypto-armory.com, explaining their refusal from fiat currency, state both ideological, and narrow pragmatic reasons. In the opinion of the owners of the store, it is easier to accept cryptocurrency payments both technically and legally.

Cartridges from the cryptocurrency store crypto-armory.com
An important trend of 2017-2018, in addition to the general growth of the commodity market - re-orientation of the stores to the multi-currency payments. Whereas previously most of them accepted only BTC, now a sign of good manners is to accept also LTC, ETH, XMR and at least several more currencies.

Thus, while the politicians were solving the problem in the manner “not possible to allow - disallow”, a vast market of commodities for cryptocurrency spontaneously emerged on the Internet. Some of its participants have multibillion capitalizations. This market is very international. The majority of commodities and services can be bought even from Russia and other countries, where cryptocurrency is not legal as an internal payment instrument, but is not prohibited as such. Today, it is hard to imagine a consumer good, which cannot be bought for cryptocurrency.

The Latest Trend – Support of Cryptocurrencies by Smartphones

The first smartphone with a cryptocurrency wallet was HYPERLINK "https://bitcryptonews.ru/blogs/sravnenie-blokchejn-smartfonov-exodus-1-i-finney"HTC Exodus 1, released in the autumn of 2018. Then, a crypto smartphone HYPERLINK emerged "https://bitcryptonews.ru/blogs/obzor-kriptosmartfona-finney"Finney. And in March of 2019, the baton was unexpectedly picked up by the smartphone from the major South Korean company, Samsung - Galaxy S10. And although Samsung refrained from the direct embedding of the cryptocurrency wallet into the standard supply set, a brand wallet of Samsung can be installed from the Galaxy Store.

https://preview.redd.it/p8zc6dat0ay21.jpg?width=1280&format=pjpg&auto=webp&s=d7f173f7470107c2f4cc5868ed882089499b2a09
Galaxy S10 – the first smartphone from Samsung with cryptocurrency support
On the part of crypto enthusiasts, there are a number of claims to Samsung initiative, among which – the lack of bitcoin support (BTC). At the moment, Samsung Blockchain Wallet supports only Ethereum (ETH) and ERC-20 standard currencies and tokens created on its basis:
Basic Attention Token (BAT), Chainlink (LINK), BinanceCoin (BNB), True USD (TUSD), USD Coin (USDC), Paxos Standard (PAX) and others.

Anyway, from a political and PR perspective, the emergence of Galaxy S10 is a great event.

First of all, smartphone can attract to the cryptocurrency market new people who have greater confidence in the famous brand, than in the traditional bulky cryptocurrency wallets. Now, many people are frightened away from the cryptocurrencies only by technical difficulties, whereas smartphones on many occasions have proved their ability to promote to the masses those things, which previously seemed to be very complex.

Secondly, this step of Samsung is a clear signal both to the domestic and foreign governments: big business is on the side of the new technologies. South Korea has a reputation of a country not very friendly to cryptocurrencies, however, its business giant publicly demonstrated another attitude.

Thirdly, the initiative of Samsung with a high degree of probability will be emulated by other leading producers of communication devices. Thus, shortly after the release of Galaxy S10, there appeared a news that a cryptocurrency wallet will soon be available in iOS Opera Touch, which means that cryptocurrencies can be also stored in iPhone of Apple.

All this creates excellent prerequisites both for the world legalization of the cryptocurrencies, and for the growth of the market due to the increase of the number of users.

Conclusion

Thus, despite the “roller coaster” of the cryptocurrency exchange rates, some fundamental processes have developed steadily in the same direction in the recent years: expansion of the commodity market for cryptocurrency, increase in the number of countries with a liberal attitude to cryptocurrencies, adoption of cryptocurrencies as a strategic technology by more and more industrial giants. The total number of individuals who tried to work with the cryptocurrencies grows steadily, while the new technological trends (in particular, crypto smartphones), can additionally accelerate this growth.

The only thing that can seriously damage a cryptocurrency market is its global ban, but it seems to be unlikely. Right now there are about 40 million bitcoin wallets on earth. It is believed that on average their number is doubled annually, which means that within 5 years it can reach a billion. And if now a global ban on cryptocurrencies is unrealistic due to their profitability for the developed countries, by that time their prohibition will become impossible almost physically.

In the first part of the story we had put forward the arguments as to why the investors need not fear the bubble of 2017-2018: in the end, the bubble showed not so much the riskiness of the crypto investments, but rather their long-term prospects. Today we described political and economic events, which have occurred in parallel “behind the scenes”, and in which there were no “drops” – only progressive development toward the construction of the crypto economy. And in the next, third part, we will try to describe in detail specific financial reasons of the collapse and recovery of the market in 2018-2019.

Analytical department, Trident company, Victor Argonov, Candidate of Physical and Mathematical Sciences.
Source:http://trident-germes.com/
https://www.facebook.com/Germes.mining.robot/
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Cryptocurrency: Is It Still Alive or Dying? Part 2.

Cryptocurrency: Is It Still Alive or Dying? Part 2.
Part 2. Political and Economic Trends in Favor of the Cryptocurrency Market Development

In the first part of the story we showed that the cryptocurrency market crash in 2018 and the beginning of its recovery in 2019 fit well into the general patterns of the financial bubbles’ development, and also repeat pretty well the Bitcoin dynamics of 2014-2016. But besides the analogies with other bubbles, there are a lot of other arguments in favor of the global growth of the market, among which are the political and economic trends of the recent years.

Relaxation of the Political Climate around the Cryptoassets

The entire year of 2017 has witnessed heated discussions as to the legal status of the digital assets. One of the central events of the year was their legalization in Japan in April. Precisely this legalization, according to many, spurred a dramatic growth of the cryptocurrency market in May (especially, altcoins). But the majority of other countries during this period held more skeptical positions.

The U.S. government on several occasions refused to register bitcoin-ETF - exchange-traded funds, the price of shares in which would repeat the price of BTC. The U.S. government also extremely tightened the conditions of the ICO procedure, while some countries, such as China and South Korea - have banned it completely. Certain countries, such as Indonesia and Salvador, have banned cryptocurrencies to the extent of criminal responsibility.

A number of countries, including Russia, have adopted a cautious wait-and-see attitude, regularly promising to impose restrictions of varying severity, but not hurrying to sign it into law.

A turning point on the way to the global recognition of the cryptocurrency was the beginning of trading the Bitcoin futures at the Chicago exchanges (CME) (the world’s largest stock exchange in terms of turnover) and CBOE in December of 2017. That is when the American government admitted openly that cryptocurrencies are now to be reckoned with. With the beginning of this trade, the powerful financial circles of the USA, whose opinion cannot be ignored by the political leadership, became interested in the development of the cryptocurrency market.

Chicago Mercantile Exchange, CME – the world leader in terms of trade volume

In 2018, the following paradox became obvious: even if over the longer term cryptocurrencies are dangerous for the modern political system (tied up in the central banks and the currency exchange regulation), the countries that will be the first to prohibit them will be most affected along with those countries that will simply overdo stirring up negative attitude. Those countries that will settle on legalization will benefit. The drain of brains and capitals will be directed to these countries from the more repressive or unpredictable countries. A typical example of that - Crypto Project GRAM of the Russian businessman Pavel Durov, whose ICO in 2018 reached a record amount, but it was carried out in USA, and not in the legislatively uncertain Russian Federation.

The experience of the countries that have legalized the cryptocurrencies, proved successful both from the financial standpoint, and from the perspective of the international prestige. They proved themselves to be open to the progress and new freedoms. In addition to Japan, Switzerland is especially noteworthy here, because it legalized cryptocurrencies as early as in 2016, but the most brilliantly announced about itself in 2018, when its banks began to introduce cryptocurrency services one after another. Among the innovator banks there was even a Swiss subsidiary of the Russian Savings Bank (Sberbank). The very expression “Swiss bank” became a synonym of not only high reliability, but also innovation.
A milestone event of 2018 was legalization of cryptocurrencies in Germany – the leading economy of the European Union. Rather liberal measures relative to the cryptocurrencies are being applied today in Czechia, Sweden, Canada, Denmark, Australia, Estonia, Norway, Finland, and a number of other countries.

“Legalization parade” has shown: the politicians with repressive attitudes cannot count on the global ban of the cryptocurrencies (which seemed theoretically possible in 2016-2017). Economically developed countries made an obvious choice: “if you cannot stop the process – become its leader”. And precisely in these countries the maximum capitals are being circulated, and the market situation depends precisely on their business activity.

Explosive Growth of the Retail Use of Cryptocurrencies
Despite obvious popularization of cryptocurrencies, there is still a myth that they are purely investment and speculative instrument, which, even if used as a payment method – only in the dark net, and as a means of payment for illegal commodities. But this is not the case today. As far back as 2013-2015, legal services accepting bitcoin emerged, and in 2016-2018 their market has undergone explosive growth.

The pioneers of the cryptocurrency market of goods and services in 2013, were, for example, Virgin Galactic – space tourism company, Victoria’s Secret lingerie company, Shopify - a supplier of software for the online stores. In 2014, the cryptocurrency was adopted by the Overstock online store, Expedia tourism service, Zynga – operator of the online games, the software monster Microsoft and many others. Some of these companies considerably went up due to the innovations: for example, the shares of Shopify and Overstock have increased in price several-fold since then.

As of today, the cryptocurrency is accepted by hundreds of large companies and thousands of small ones, while the range of their products is approaching the one in a traditional economy. The most popular categories of the goods for the cryptocurrency in the large famous companies are tourism and air tickets (Expedia), software and games (Microsoft, Shopify, Zynga, Steam), clothing and other consumer goods (Victoria’s Secret, Overstock.com, Rakuten), as well as food products (Subway, KFC, Burger King – in Russia). As an example, Playboy erotic products, premium accounts of the 4chan.org and reddit.com forums, Bloomberg.com business news, automobiles in the Czech show room Alza and many other goods can be also purchased for cryptocurrency.

A number of well-known companies, although they prefer traditional payments, nevertheless allow crypto payments through the intermediary services, such as gyft.com (trading with the card Gyft for BTC). For example, Ebay online store, Wallmart supermarket chain, Starbucks restaurants, Uber taxi service, etc. The turnover of gyft.com is evaluated in the amount of 25 million dollars with only 38 employees.
Small start-up companies often use ready-made multicurrency gateways such as coinpayments.net. It supports dozens of currencies, and hosts about 400 companies. In addition to mainstream, it contains a lot of specialized commodities. For example, crypto-armory.com sells cartridges, francvila.com – Swiss watches, directvoltage.com - 3D-printers, electric motors, CNC machines, etc. Some new stores not only accept cryptocurrencies, but also purposely give up fiat currency. For example, crypto-armory.com, explaining their refusal from fiat currency, state both ideological, and narrow pragmatic reasons. In the opinion of the owners of the store, it is easier to accept cryptocurrency payments both technically and legally.

Cartridges from the cryptocurrency store crypto-armory.com
An important trend of 2017-2018, in addition to the general growth of the commodity market - re-orientation of the stores to the multi-currency payments. Whereas previously most of them accepted only BTC, now a sign of good manners is to accept also LTC, ETH, XMR and at least several more currencies.

Thus, while the politicians were solving the problem in the manner “not possible to allow - disallow”, a vast market of commodities for cryptocurrency spontaneously emerged on the Internet. Some of its participants have multibillion capitalizations. This market is very international. The majority of commodities and services can be bought even from Russia and other countries, where cryptocurrency is not legal as an internal payment instrument, but is not prohibited as such. Today, it is hard to imagine a consumer good, which cannot be bought for cryptocurrency.

The Latest Trend – Support of Cryptocurrencies by Smartphones

The first smartphone with a cryptocurrency wallet was HYPERLINK "https://bitcryptonews.ru/blogs/sravnenie-blokchejn-smartfonov-exodus-1-i-finney"HTC Exodus 1, released in the autumn of 2018. Then, a crypto smartphone HYPERLINK emerged "https://bitcryptonews.ru/blogs/obzor-kriptosmartfona-finney"Finney. And in March of 2019, the baton was unexpectedly picked up by the smartphone from the major South Korean company, Samsung - Galaxy S10. And although Samsung refrained from the direct embedding of the cryptocurrency wallet into the standard supply set, a brand wallet of Samsung can be installed from the Galaxy Store.

Galaxy S10 – the first smartphone from Samsung with cryptocurrency support

On the part of crypto enthusiasts, there are a number of claims to Samsung initiative, among which – the lack of bitcoin support (BTC). At the moment, Samsung Blockchain Wallet supports only Ethereum (ETH) and ERC-20 standard currencies and tokens created on its basis:
Basic Attention Token (BAT), Chainlink (LINK), BinanceCoin (BNB), True USD (TUSD), USD Coin (USDC), Paxos Standard (PAX) and others.

Anyway, from a political and PR perspective, the emergence of Galaxy S10 is a great event.

First of all, smartphone can attract to the cryptocurrency market new people who have greater confidence in the famous brand, than in the traditional bulky cryptocurrency wallets. Now, many people are frightened away from the cryptocurrencies only by technical difficulties, whereas smartphones on many occasions have proved their ability to promote to the masses those things, which previously seemed to be very complex.
Secondly, this step of Samsung is a clear signal both to the domestic and foreign governments: big business is on the side of the new technologies. South Korea has a reputation of a country not very friendly to cryptocurrencies, however, its business giant publicly demonstrated another attitude.
Thirdly, the initiative of Samsung with a high degree of probability will be emulated by other leading producers of communication devices. Thus, shortly after the release of Galaxy S10, there appeared a news that a cryptocurrency wallet will soon be available in iOS Opera Touch, which means that cryptocurrencies can be also stored in iPhone of Apple.
All this creates excellent prerequisites both for the world legalization of the cryptocurrencies, and for the growth of the market due to the increase of the number of users.

Conclusion
Thus, despite the “roller coaster” of the cryptocurrency exchange rates, some fundamental processes have developed steadily in the same direction in the recent years: expansion of the commodity market for cryptocurrency, increase in the number of countries with a liberal attitude to cryptocurrencies, adoption of cryptocurrencies as a strategic technology by more and more industrial giants. The total number of individuals who tried to work with the cryptocurrencies grows steadily, while the new technological trends (in particular, crypto smartphones), can additionally accelerate this growth.

The only thing that can seriously damage a cryptocurrency market is its global ban, but it seems to be unlikely. Right now there are about 40 million bitcoin wallets on earth. It is believed that on average their number is doubled annually, which means that within 5 years it can reach a billion. And if now a global ban on cryptocurrencies is unrealistic due to their profitability for the developed countries, by that time their prohibition will become impossible almost physically.

In the first part of the story we had put forward the arguments as to why the investors need not fear the bubble of 2017-2018: in the end, the bubble showed not so much the riskiness of the crypto investments, but rather their long-term prospects. Today we described political and economic events, which have occurred in parallel “behind the scenes”, and in which there were no “drops” – only progressive development toward the construction of the crypto economy. And in the next, third part, we will try to describe in detail specific financial reasons of the collapse and recovery of the market in 2018-2019.

Analytical department, Trident company, Victor Argonov, Candidate of Physical and Mathematical Sciences.
Source:http://trident-germes.com/
https://www.facebook.com/Germes.mining.robot/
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Nauticus — An independent cryptocurrency ICO review from thecoinradar.com

Nauticus — An independent cryptocurrency ICO review from thecoinradar.com
An independent cryptocurrency ICO review from thecoinradar.com Overview
In a climate where blockchain technology is constantly evolving and the digital economy takes the world by storm, a new very ambitious project emerges from Melbourne, Australia. Nauticus strives to establish itself as one of the market leaders by enhancing the cryptocurrency exchange eco-system and simplifying the global crypto / fiat payment process.
Nauticus is a project with 6 clear stages to implement over the next 5 years. Their clearly defined milestones in their roadmap demonstrate a clear goal to become a leading enterprise within the crypto space over the coming years. At its heart the Nauticus vision is to create ‘Better banking and eCommerce using blockchain technology.’ We ask the question: will they be able achieve their goals and most importantly, is the Nauticus ICO a worthy investment?
Nauticus aims, goals, vision & roadmap
In their first year Nauticus aims to provide a high speed, secure currency exchange with the goal of becoming a one stop shop for the consumer to trade a vast array of fiat and cryptocurrency options. A distinctive feature of the exchange is to enable users from all over the globe to pair their local currency against 100+ of the biggest cryptocurrencies. Nauticus will focus on high liquidity with low transaction fees. An impressive 7 fiat currencies pairing will be available on launch with a further 16 planned in total and then 300 cryptocurrencies. At the heart of their business is a clear goal to create a simplified interface designed with the average consumer in mind. Nauticus hopes to help simplify the trading process for new users by, “Making Bitcoin as easy as ordering a pizza”.
The crypto and fiat exchange is targeted to launch in mid-2018 with one of their pilot features being a mobile app that utilises facial recognition and biometric data to enhance security. The app aims to make the payment processes easier for all users across the globe by simplifying sending money to friends or services through their easy, consumer friendly wallet.
In 2019 Nauticus turns its attention to creating an environmentally friendly mining center, focusing on energy efficient equipment, renewable energy and promoting sustainable projects. The profits from the mine will be used to support subsequent expansion in the following years.
By 2020 Nauticus then plans to move into the eCommerce sector, simplifying payments by allowing the buyer to pay in a variety of different fiat and crypto options and very importantly ensuring transaction fees are incredibly low. By 2023 they will have established a Merchant payment platform, integrated with the big data industry, have a global KYC verification system and an ICO Gateway for new projects.
Value of project / Use case
The pioneering feature of the project when it is launched this summer will be the 6 Fiat currencies pairs active on the platform. Nauticus will be the first in the world to offer such a service. By providing these pairs and simplifying the usability process, Nauticus targets to ease the adoption for the average user. The hope is that by providing an easy to use entry into the digital payment world they will be able to encourage adoption and become a leader in growing the ecosystem of modern payment methods. By summer 2019 the goal is to offer over 300 cryptocurrencies and an incredible 16 fiat currency options. This will thrust Nauticus into the limelight and highlights one of their clear unique selling points.
The mobile app is one of the core features of Nauticus, they have their target firmly set on creating a global society, supporting transactions no matter where you are in the world and what currency you hold. The target is to allow the user travel anywhere and be able to pay with whatever currency they have stored in the exchange. The software behind the mobile app will then convert and transact immediately into the required payment method. The target of this is to help encourage the world to unite into one big digital eco-system and remove boundaries prevalent in our current system. Nauticus aims to create a one stop shop for global payments that is quick, reliable and extremely versatile no matter where you are in the world.
Unlike many other ICO projects in the current space the Nauticus token has a clear value and use case. Like Binance coins or Kucoin tokens, the Nauticus coin has a genuine use on their exchange platform. ICO investers will almost immediately be able to use their Nauticus coins once the cryptocurrency / fiat exchange is launched. Users will be encouraged to hold the tokens as a 50% discount is provided on trading fees if the Nauticus coin is held in a user’s wallet.
Hype
At the time of writing the Nauticus ICO was in the final stage of its main sale. It has a very impressive 362,100 registered users, it has well surpassed its soft cap and is looking like it will hit the 2nd 16M milestone soon.
The Nauticus team are active on social media promoting their project. Their telegram group has an above average user base exceeding 10,000, with a twitter following of a similar size. #Nauticus is currently being tweeted between 400–500 times a day and there is a general excitement surrounding the project within circles that are aware of its existence.
Promotion from social media influencers and hype from YouTube reviewers has been relatively small compared with other popular ICOs active at the moment, but this shouldn’t detract from its pull in the community. Review sites such as WiserICO, ICOmarks and ICObench have reviewed the project very favourably and the project has excelled in a tough climate for ICOs (March-April 2018).
Team
The company was established by CEO Bryan Ng and COO Jonathan Chang. Whilst young, they have both setup previous successful businesses and have had experience with past blockchain projects. Further down the list, whilst the team is not all star, the team is large, experienced in the right fields and are very capable of delivering.
Whilst the team has very good advisors, it is a shame to see these positioned ahead of the actual team on their site. Whilst advisors are somewhat important, it’s slightly disheartening seeing these pushed ahead of the actual team who will be driving the business forward.
From watching an interview on Youtube, you can see the passion both founders have for the project. There is a clear air of transparency, both explain the project well and both seem eager and confident to establish their selves within the blockchian world. Respectably the Nauticus founders are also very ethically minded, pledging to use profits to bring improve living standards for those in developing countries, to protect the environment and to give away a possible 41% of the coins to charity.
Token Metrics
It is good to see that the project has clearly put some thought into their token metrics to benefit those investing at ICO stage. Private sales have a six month lock in feature to prevent bonus dumps and 90% of all tokens are in the hands of the general public.
It is important for investors to be aware that the token sale has rewarded early investors in the form of bonuses and has been operating with a referral program. A 30% bonus existed for presale investors and an extra 5% for large investors. Giveaways in the form of a 100 free tokens were awarded for signing up, as well as 200 tokens for each referral. However, what is important to recognise is that any free tokens awarded from promotions will be untradeable for two years — a great way to protect early investors.
Finally, although the project looks likely to sell out over the coming weeks, it is important to recognise that any unsold tokens will be burned at the end of the ICO.
Summary
Nauticus is a project that has high a real desire to make progress evolving our global digital ecosystem. It has a bold 5 year plan that if they succeed with, will push Nauticus forward as one of the pioneers of innovation in the blockchain space.
Its unique features give Nauticus the ability to separate itself from other platforms, however, it will clearly face a lot of competition from the well-established cryptocurrency exchanges dominating the market. In addition to this it will also come up against the likes of Ethos and Bread as user friendly universal mobile wallets / fiat gateways. As well as fighting competition against payment focused projects such as Crypterium, Metal, BitPay, Monaco and TenX to name but a few.
With great ambition also comes risk. Nauticus will not only have to be determined to achieve all 6 goals outlined in their roadmap, it may also come up against challenges navigating around government loopholes when implementing certain areas of the project.
Despite these issues Nauticus is a relatively low risk investment with the potential to grow over the next few years if adoption is achieved. If we compare the Nauticus coin to similar projects such as Binance, the potential is obvious. With the correct nurturing of their Australian based team and successful marketing / implementation, there is real opportunity for Nauticus to thrive as a pioneer in secure crypto banking, payments and eCommerce as both a short and long term investment.
Final rating to be revealed on www.thecoinradar.com
Josh Herbert (TheCoinRadar)
To find out more about Nauticus please follow the links below:
Website (https://www.nauticus.io)
Whitepaper (https://cdn.nauticus.io/NauticusWhitepaperOfficial.pdf)
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Nauticus — An independent cryptocurrency ICO review from thecoinradar.com - Is the Nauticus ICO a worthy investment?

Nauticus — An independent cryptocurrency ICO review from thecoinradar.com
An independent cryptocurrency ICO review from thecoinradar.com Overview
In a climate where blockchain technology is constantly evolving and the digital economy takes the world by storm, a new very ambitious project emerges from Melbourne, Australia. Nauticus strives to establish itself as one of the market leaders by enhancing the cryptocurrency exchange eco-system and simplifying the global crypto / fiat payment process.
Nauticus is a project with 6 clear stages to implement over the next 5 years. Their clearly defined milestones in their roadmap demonstrate a clear goal to become a leading enterprise within the crypto space over the coming years. At its heart the Nauticus vision is to create ‘Better banking and eCommerce using blockchain technology.’ We ask the question: will they be able achieve their goals and most importantly, is the Nauticus ICO a worthy investment?
Nauticus aims, goals, vision & roadmap
In their first year Nauticus aims to provide a high speed, secure currency exchange with the goal of becoming a one stop shop for the consumer to trade a vast array of fiat and cryptocurrency options. A distinctive feature of the exchange is to enable users from all over the globe to pair their local currency against 100+ of the biggest cryptocurrencies. Nauticus will focus on high liquidity with low transaction fees. An impressive 7 fiat currencies pairing will be available on launch with a further 16 planned in total and then 300 cryptocurrencies. At the heart of their business is a clear goal to create a simplified interface designed with the average consumer in mind. Nauticus hopes to help simplify the trading process for new users by, “Making Bitcoin as easy as ordering a pizza”.
The crypto and fiat exchange is targeted to launch in mid-2018 with one of their pilot features being a mobile app that utilises facial recognition and biometric data to enhance security. The app aims to make the payment processes easier for all users across the globe by simplifying sending money to friends or services through their easy, consumer friendly wallet.
In 2019 Nauticus turns its attention to creating an environmentally friendly mining center, focusing on energy efficient equipment, renewable energy and promoting sustainable projects. The profits from the mine will be used to support subsequent expansion in the following years.
By 2020 Nauticus then plans to move into the eCommerce sector, simplifying payments by allowing the buyer to pay in a variety of different fiat and crypto options and very importantly ensuring transaction fees are incredibly low. By 2023 they will have established a Merchant payment platform, integrated with the big data industry, have a global KYC verification system and an ICO Gateway for new projects.
Value of project / Use case
The pioneering feature of the project when it is launched this summer will be the 6 Fiat currencies pairs active on the platform. Nauticus will be the first in the world to offer such a service. By providing these pairs and simplifying the usability process, Nauticus targets to ease the adoption for the average user. The hope is that by providing an easy to use entry into the digital payment world they will be able to encourage adoption and become a leader in growing the ecosystem of modern payment methods. By summer 2019 the goal is to offer over 300 cryptocurrencies and an incredible 16 fiat currency options. This will thrust Nauticus into the limelight and highlights one of their clear unique selling points.
The mobile app is one of the core features of Nauticus, they have their target firmly set on creating a global society, supporting transactions no matter where you are in the world and what currency you hold. The target is to allow the user travel anywhere and be able to pay with whatever currency they have stored in the exchange. The software behind the mobile app will then convert and transact immediately into the required payment method. The target of this is to help encourage the world to unite into one big digital eco-system and remove boundaries prevalent in our current system. Nauticus aims to create a one stop shop for global payments that is quick, reliable and extremely versatile no matter where you are in the world.
Unlike many other ICO projects in the current space the Nauticus token has a clear value and use case. Like Binance coins or Kucoin tokens, the Nauticus coin has a genuine use on their exchange platform. ICO investers will almost immediately be able to use their Nauticus coins once the cryptocurrency / fiat exchange is launched. Users will be encouraged to hold the tokens as a 50% discount is provided on trading fees if the Nauticus coin is held in a user’s wallet.
Hype
At the time of writing the Nauticus ICO was in the final stage of its main sale. It has a very impressive 362,100 registered users, it has well surpassed its soft cap and is looking like it will hit the 2nd 16M milestone soon.
The Nauticus team are active on social media promoting their project. Their telegram group has an above average user base exceeding 10,000, with a twitter following of a similar size. #Nauticus is currently being tweeted between 400–500 times a day and there is a general excitement surrounding the project within circles that are aware of its existence.
Promotion from social media influencers and hype from YouTube reviewers has been relatively small compared with other popular ICOs active at the moment, but this shouldn’t detract from its pull in the community. Review sites such as WiserICO, ICOmarks and ICObench have reviewed the project very favourably and the project has excelled in a tough climate for ICOs (March-April 2018).
Team
The company was established by CEO Bryan Ng and COO Jonathan Chang. Whilst young, they have both setup previous successful businesses and have had experience with past blockchain projects. Further down the list, whilst the team is not all star, the team is large, experienced in the right fields and are very capable of delivering.
Whilst the team has very good advisors, it is a shame to see these positioned ahead of the actual team on their site. Whilst advisors are somewhat important, it’s slightly disheartening seeing these pushed ahead of the actual team who will be driving the business forward.
From watching an interview on Youtube, you can see the passion both founders have for the project. There is a clear air of transparency, both explain the project well and both seem eager and confident to establish their selves within the blockchian world. Respectably the Nauticus founders are also very ethically minded, pledging to use profits to bring improve living standards for those in developing countries, to protect the environment and to give away a possible 41% of the coins to charity.
Token Metrics
It is good to see that the project has clearly put some thought into their token metrics to benefit those investing at ICO stage. Private sales have a six month lock in feature to prevent bonus dumps and 90% of all tokens are in the hands of the general public.
It is important for investors to be aware that the token sale has rewarded early investors in the form of bonuses and has been operating with a referral program. A 30% bonus existed for presale investors and an extra 5% for large investors. Giveaways in the form of a 100 free tokens were awarded for signing up, as well as 200 tokens for each referral. However, what is important to recognise is that any free tokens awarded from promotions will be untradeable for two years — a great way to protect early investors.
Finally, although the project looks likely to sell out over the coming weeks, it is important to recognise that any unsold tokens will be burned at the end of the ICO.
Summary
Nauticus is a project that has high a real desire to make progress evolving our global digital ecosystem. It has a bold 5 year plan that if they succeed with, will push Nauticus forward as one of the pioneers of innovation in the blockchain space.
Its unique features give Nauticus the ability to separate itself from other platforms, however, it will clearly face a lot of competition from the well-established cryptocurrency exchanges dominating the market. In addition to this it will also come up against the likes of Ethos and Bread as user friendly universal mobile wallets / fiat gateways. As well as fighting competition against payment focused projects such as Crypterium, Metal, BitPay, Monaco and TenX to name but a few.
With great ambition also comes risk. Nauticus will not only have to be determined to achieve all 6 goals outlined in their roadmap, it may also come up against challenges navigating around government loopholes when implementing certain areas of the project.
Despite these issues Nauticus is a relatively low risk investment with the potential to grow over the next few years if adoption is achieved. If we compare the Nauticus coin to similar projects such as Binance, the potential is obvious. With the correct nurturing of their Australian based team and successful marketing / implementation, there is real opportunity for Nauticus to thrive as a pioneer in secure crypto banking, payments and eCommerce as both a short and long term investment.
Final rating to be revealed on www.thecoinradar.com
Josh Herbert (TheCoinRadar)
To find out more about Nauticus please follow the links below:
Website (https://www.nauticus.io)
Whitepaper (https://cdn.nauticus.io/NauticusWhitepaperOfficial.pdf)
submitted by joshherby to CryptocurrencyICO [link] [comments]

Nauticus — An independent cryptocurrency ICO review from thecoinradar.com - Is it a worthy investment?

Nauticus — An independent cryptocurrency ICO review from thecoinradar.com
An independent cryptocurrency ICO review from thecoinradar.com Overview
In a climate where blockchain technology is constantly evolving and the digital economy takes the world by storm, a new very ambitious project emerges from Melbourne, Australia. Nauticus strives to establish itself as one of the market leaders by enhancing the cryptocurrency exchange eco-system and simplifying the global crypto / fiat payment process.
Nauticus is a project with 6 clear stages to implement over the next 5 years. Their clearly defined milestones in their roadmap demonstrate a clear goal to become a leading enterprise within the crypto space over the coming years. At its heart the Nauticus vision is to create ‘Better banking and eCommerce using blockchain technology.’ We ask the question: will they be able achieve their goals and most importantly, is the Nauticus ICO a worthy investment?
Nauticus aims, goals, vision & roadmap
In their first year Nauticus aims to provide a high speed, secure currency exchange with the goal of becoming a one stop shop for the consumer to trade a vast array of fiat and cryptocurrency options. A distinctive feature of the exchange is to enable users from all over the globe to pair their local currency against 100+ of the biggest cryptocurrencies. Nauticus will focus on high liquidity with low transaction fees. An impressive 7 fiat currencies pairing will be available on launch with a further 16 planned in total and then 300 cryptocurrencies. At the heart of their business is a clear goal to create a simplified interface designed with the average consumer in mind. Nauticus hopes to help simplify the trading process for new users by, “Making Bitcoin as easy as ordering a pizza”.
The crypto and fiat exchange is targeted to launch in mid-2018 with one of their pilot features being a mobile app that utilises facial recognition and biometric data to enhance security. The app aims to make the payment processes easier for all users across the globe by simplifying sending money to friends or services through their easy, consumer friendly wallet.
In 2019 Nauticus turns its attention to creating an environmentally friendly mining center, focusing on energy efficient equipment, renewable energy and promoting sustainable projects. The profits from the mine will be used to support subsequent expansion in the following years.
By 2020 Nauticus then plans to move into the eCommerce sector, simplifying payments by allowing the buyer to pay in a variety of different fiat and crypto options and very importantly ensuring transaction fees are incredibly low. By 2023 they will have established a Merchant payment platform, integrated with the big data industry, have a global KYC verification system and an ICO Gateway for new projects.
Nauticus roadmap betwen 2020 and 2023 Value of project / Use case
The pioneering feature of the project when it is launched this summer will be the 6 Fiat currencies pairs active on the platform. Nauticus will be the first in the world to offer such a service. By providing these pairs and simplifying the usability process, Nauticus targets to ease the adoption for the average user. The hope is that by providing an easy to use entry into the digital payment world they will be able to encourage adoption and become a leader in growing the ecosystem of modern payment methods. By summer 2019 the goal is to offer over 300 cryptocurrencies and an incredible 16 fiat currency options. This will thrust Nauticus into the limelight and highlights one of their clear unique selling points.
The mobile app is one of the core features of Nauticus, they have their target firmly set on creating a global society, supporting transactions no matter where you are in the world and what currency you hold. The target is to allow the user travel anywhere and be able to pay with whatever currency they have stored in the exchange. The software behind the mobile app will then convert and transact immediately into the required payment method. The target of this is to help encourage the world to unite into one big digital eco-system and remove boundaries prevalent in our current system. Nauticus aims to create a one stop shop for global payments that is quick, reliable and extremely versatile no matter where you are in the world.
Unlike many other ICO projects in the current space the Nauticus token has a clear value and use case. Like Binance coins or Kucoin tokens, the Nauticus coin has a genuine use on their exchange platform. ICO investers will almost immediately be able to use their Nauticus coins once the cryptocurrency / fiat exchange is launched. Users will be encouraged to hold the tokens as a 50% discount is provided on trading fees if the Nauticus coin is held in a user’s wallet.
a sneak preview of the Nauticus desktop application Hype
At the time of writing the Nauticus ICO was in the final stage of its main sale. It has a very impressive 362,100 registered users, it has well surpassed its soft cap and is looking like it will hit the 2nd 16M milestone soon.
The Nauticus team are active on social media promoting their project. Their telegram group has an above average user base exceeding 10,000, with a twitter following of a similar size. #Nauticus is currently being tweeted between 400–500 times a day and there is a general excitement surrounding the project within circles that are aware of its existence.
Promotion from social media influencers and hype from YouTube reviewers has been relatively small compared with other popular ICOs active at the moment, but this shouldn’t detract from its pull in the community. Review sites such as WiserICO, ICOmarks and ICObench have reviewed the project very favourably and the project has excelled in a tough climate for ICOs (March-April 2018).
Nauticus token sales progress as of 29/04/2018 Team
The company was established by CEO Bryan Ng and COO Jonathan Chang. Whilst young, they have both setup previous successful businesses and have had experience with past blockchain projects. Further down the list, whilst the team is not all star, the team is large, experienced in the right fields and are very capable of delivering.
Whilst the team has very good advisors, it is a shame to see these positioned ahead of the actual team on their site. Whilst advisors are somewhat important, it’s slightly disheartening seeing these pushed ahead of the actual team who will be driving the business forward.
From watching an interview on Youtube, you can see the passion both founders have for the project. There is a clear air of transparency, both explain the project well and both seem eager and confident to establish their selves within the blockchian world. Respectably the Nauticus founders are also very ethically minded, pledging to use profits to bring improve living standards for those in developing countries, to protect the environment and to give away a possible 41% of the coins to charity.
Token Metrics
It is good to see that the project has clearly put some thought into their token metrics to benefit those investing at ICO stage. Private sales have a six month lock in feature to prevent bonus dumps and 90% of all tokens are in the hands of the general public.
It is important for investors to be aware that the token sale has rewarded early investors in the form of bonuses and has been operating with a referral program. A 30% bonus existed for presale investors and an extra 5% for large investors. Giveaways in the form of a 100 free tokens were awarded for signing up, as well as 200 tokens for each referral. However, what is important to recognise is that any free tokens awarded from promotions will be untradeable for two years — a great way to protect early investors.
Finally, although the project looks likely to sell out over the coming weeks, it is important to recognise that any unsold tokens will be burned at the end of the ICO.
The Nauticus mobile application Summary
Nauticus is a project that has high a real desire to make progress evolving our global digital ecosystem. It has a bold 5 year plan that if they succeed with, will push Nauticus forward as one of the pioneers of innovation in the blockchain space.
Its unique features give Nauticus the ability to separate itself from other platforms, however, it will clearly face a lot of competition from the well-established cryptocurrency exchanges dominating the market. In addition to this it will also come up against the likes of Ethos and Bread as user friendly universal mobile wallets / fiat gateways. As well as fighting competition against payment focused projects such as Crypterium, Metal, BitPay, Monaco and TenX to name but a few.
With great ambition also comes risk. Nauticus will not only have to be determined to achieve all 6 goals outlined in their roadmap, it may also come up against challenges navigating around government loopholes when implementing certain areas of the project.
Despite these issues Nauticus is a relatively low risk investment with the potential to grow over the next few years if adoption is achieved. If we compare the Nauticus coin to similar projects such as Binance, the potential is obvious. With the correct nurturing of their Australian based team and successful marketing / implementation, there is real opportunity for Nauticus to thrive as a pioneer in secure crypto banking, payments and eCommerce as both a short and long term investment.
Final rating to be revealed on www.thecoinradar.com
Josh Herbert (TheCoinRadar)
To find out more about Nauticus please follow the links below:
Website (https://www.nauticus.io)
Whitepaper (https://cdn.nauticus.io/NauticusWhitepaperOfficial.pdf)
submitted by joshherby to icocrypto [link] [comments]

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