Guest Post: Why is the Bitcoin Price So Weak? Liberty ...

Finding Equilibrium: Searching for the true value of a Bitcoin [Opinion piece by Vinny Lingham, CEO of gyft]

Vinny Lingham, CEO of gyft, has written an interesting piece discussing his ideas on why the price is currently where it is and where he thinks it is going from here. One of his insights is that he thinks the price has dropped because merchant adoption is outpacing consumer adoption and merchants are selling the vast majority of coins they receive on exchanges just at the point when many buyers have become spooked about buying on exchanges.
Finding Equilibrium: Searching for the true value of a Bitcoin
submitted by packetinspector to BitcoinMarkets [link] [comments]

Finding Equilibrium : Searching for the true value of a Bitcoin

Finding Equilibrium : Searching for the true value of a Bitcoin submitted by VinnyatGyft to Bitcoin [link] [comments]

Finding Equilibrium : Searching for the true value of a Bitcoin

Finding Equilibrium : Searching for the true value of a Bitcoin submitted by ThatchNailer to Rad_Decentralization [link] [comments]

Check out Part 1 of our first Skycoin Official AMA with Synth!

Part 2 of the AMA posted here.
 
What is Skywire? Where does it fit in with Skycoin?
Skycoin is a blockchain application platform. We have multiple coins in the platform (Metallicoin, mdl.life, solarbankers.com, etc). We let people launch their own blockchain applications (including coins).
There are two parts to Skywire. The first part is the Skywire node. The second part is the hardware.
Skywire is one of the first applications we are launching on the Skycoin platform. It is one of our flagship applications that has been in development for several years. Skywire is basically a decentralized ISP on blockchain. It is like Tor, but you are paid to run it. You forward packets for your neighbors and you receive coins You pay coins to other people for forwarding your packets.
So it is like Tor but on blockchain and you are paid for running the network. Also, while Tor is slow, Skywire was designed to be faster than the current internet, instead of slower.
Skywire is a test application for monetizing excess bandwidth. Eventually the software defined networking technology behind Skywire, will allow us to build physical networks (actual mesh nets) that can begin to replace centralized ISPs. However, the current Skywire prototype is still running over the existing internet, but later we will start building out our own hardware.
Skywire is a solution for protecting people’s privacy and is also a solution to net neutrality. If Skycoin can can decentralize the ISPs with blockchain, then we wont have to beg the FCC to protect our rights.
Skywire is just a prototype of a larger system. Eventually we will allow people to sell bandwidth, computational resources and storage.
On the hardware side, the Skywire Miner is a like a personal cloud, for blockchain applications. It has eight computers in it and you plug it in and you can run your blockchain applications on it. You can even earn coins by renting out capacities to other users on the network.
 
How would your everyday, average Joe user access the Skywire network? Let's say from their phone…
We designed Skywire and Skycoin to be as usable as possible. We think you should not have to be a software developer to use blockchain applications.
Skywire is designed to be “zeroconf”, with zero configuration. You just plug in your node and it works. Its plug and play.
Eventually you will be able to buy a Skywire Miner and delegate control of the hardware to a “pool”, who will configure it for you and do all the work, optimize the settings and the pool will just take a small fee for the service and owner of the hardware will receive the rest of the coins their miners are earning.
You will just plug in the Skyminer and start earning coins. It will be plug and play.
Most users will not know their traffic is being carried over Skywire. Just like they do not know if they are using TCP or UDP. They will just connect their computer to the network with wifi or an ethernet cable and it will work exactly like the internet does now.
 
Are you completely anonymous on Skywire, or do you need to add a VPN and go through Tor for extra protection?
Skywire is designed, to protect users privacy much better than the existing internet. Each node only knows the previous hop and the next hop for any packet. The contents of the packet are encrypted (like HTTPS), so no one can spy on the data.
Since Skywire is designed to be faster than the existing internet, you give up a little privacy for the speed. Tor makes packets harder to trace by reshuffling them and slowing them done. While Skywire is designed for pure speed and performance.
 
Will Skywire users be able to access traditional internet resources like Google and Facebook over Skywire?
Yes. Most users will not even know they are using Skywire at all. It will be completely invisible to them.
Skywire has two modes of operation. One mode looks like the normal internet to the user and the other mode is for special applications designed to run completely inside of the Skywire network. Skywire native apps will have increased privacy, speed and performance, but all existing internet apps will still work on the new network.
 
How difficult will it be for a traditional e-service to port their products and services to Skywire / Skycoin? Are there plans in place to facilitate those transitions as companies find the exceeding value in joining the free distributed internet?
We are going to make it very easy. Existing companies run their whole internal networks on MPLS and Skywire is almost identical to MPLS, so they wont have to make any changes in most cases.
 
What is the routing protocol? How are the routes found?
Skywire is source routed. This means that you choose the route your data takes. You can chose routes that offer higher privacy, more bandwidth (for video downloads) or lower latency (for gaming).
Skywire puts control of the data back to the user.
 
I have also understand that the protocols underlying in skywire will be/already are pretty different from the Internet protocols. Taking into account the years of research applied to the current Internet and the several strategies for routing it doesn't seem an easy task to rebuild everything and make it work. Where can be found the information about the routing strategies used in skywire?
The routing strategies are user defined. There is no best routing strategy that is optimal for every user or application. Instead we allow people to choose their routes and policies, based upon the application, time of day, available bandwidth, reliability and other factors.
This is actually the way the original internet worked. However, it was scrapped because of the RAM limitations of early computers which only had 4 KB of memory. So the internet was built upon stateless routing protocols because of the limitations of the available computers at the time, not because the networking protocols were the best or highest performance. Today even a cell phone has 4 GB of ram and 1 million times the memory of a computer in the 1980s, so there is no reason to accept these limitations anymore.
Our implementation is simpler and faster because we are stripping away the layers of junk that have accumulated. The internet was actually built up piecemeal, without any coherence, coordination or planning. The internet today is a mishmash of different ad-hoc protocols that have been duct taped together over decades, without any real design.
Skywire is an re-envisioning of the internet, if it was built today knowing what we know now. This means simplifying the protocols and improving the performance.
 
How will the routing work if someone from Europe wants to access a video from a node in Australia (for example)? How do the nodes know the next hop if they cant read the origin or destiny of any packet?
If you have a route with N hops, then you contact each of the nodes on the route (through a messaging service) and set the route table on each route. Then when you drop a packet in the route, it gets forwarded automatically. You could have 60 or 120 hops between Australia and Europe and its fine.
Each individual node only knows the previous hop and the next hop in the chain. That is all the node needs to know.
 
Could you estimate a timeline for when Skywire will operate independently from the current ISP infrastructure?
I think Skycoin is a very ambitious project and some parts could take ten or twenty years. Even if we started with a network of a few thousand nodes and we were growing the network over 1% per day, it will still take a decade or two to conquer the Earth.
We are going to start with small scale prototypes (neighborhoods), then try cities. I think the first demonstration networks will be working this year.
 
How will bandwidth be priced in terms of coin hours and who determines this rate?
You could have 40 PHDs each do a thesis on this. The short answer is that an auction model has to be used (similar to Google’s Ad Words auction model) and the auction has to be designed in a way so that the bandwidth prices reach a stable equilibrium.
There are parts of Skycoin that are completely open source and public, like the blockchain and consensus algorithm and Skywire. There are secrets like the auction model and pricing, that are designed to protect Skycoin from being forked and to prevent competitors from copying our work.
We estimate that if a competitor was to start today, with 2 million dollars a year in R&D, that it would take them a minimum of eight years to develop a working bandwidth pricing model. And from experience in auction models for advertising networks, 80% of the competitors will fail to develop a working model at all.
A working, fair, decentralized bandwidth pricing model that was competitive with what we have would take even longer. There are very few people (less than 4) on Earth who have the experience in mathematics, economics, game theory and cryptographic protocols to design the required auction and pricing models.
One of Google’s secrets that allows them to dominate the internet advertising industry, is their auction model for ad pricing. That is what allows Google to pay the content producers the most money for their advertising inventory, while charging the advertising buyers the least.
Google’s auction models for pricing AdSense inventory are even more secretive and important than Google’s search algorithm. This is one of the most important and secretive parts of Google’s business. Even companies like Facebook, with billion dollar war chests have been unable to replicate to close the algorithm gap in this area. Expertise in these algorithms and their auction and pricing models is one of the reasons that Google has been able to extract advertising premiums over Facebook.
Even if a competitor raises a billion dollars and hires all the PHDs in the field and they had ten years to do research, I doubt they would be able to develop anything close to what we have now.
The history of bandwidth markets is very interesting and Enron tried to do a trading desk for bandwidth and bandwidth futures and it completely failed. The mathematical stability and predictability of the pricing of bandwidth under adversarial conditions is one of the major problems.
For instance, one of our “competitors” suggests that people will be paid coins if someone accesses their content. So why don’t you just put a website and then have 2000 bots go to it, to get free coins! How are they going to stop that.
Or if they are pricing bandwidth, if the price is fixed and the price is too low, then people will not build capacity and bandwidth will be insufficient and the network will be slow.
Or if the price is variable and adjusts with demands, what will stop someone from buying up the capacity for a link (“Cornering the Market”) to drive the price up 50x on links they control and extort money out of the other people on the network with a fake bandwidth shortage?
The pricing algorithm has to be stable under adversarial conditions. It is a very difficult problem, harder than even consensus algorithm research. Even if a competitor had unlimited funding and unlimited time, it is unlikely that they would find a superior solution to what we have and that alone nearly guarantees that we are going to win this market. It gets even more difficult if you need price stability and you admit any type of bandwidth futures, that allow speculation on future prices. This is a kind of problem like Bitcoin consensus algorithm that can only be solved by an act of genius.
We have a lot of experience in this area. It is hyper specialized and a very difficult area and is one of the areas that will give Skycoin a strong sustainable advantage.
 
Will there be a DNS for Skywire to register .sky domains?
Of course. We will definitely add some kind of DNS and name system eventually.
Remembering and typing public keys is too difficult. We want to make it as easy as possible. We want people to be able to register aliases (like screen names) so that people can send coins to aliases instead of having to type in addresses every time.
This will let people send 5 Skycoin to “@bobcat” instead of sending coins to “23TeSPPJVZ9HvXh6iYiKAaLNQroKg8yCdja”. This will be a revolution in usability.
 
When operating a Skyminer, will people in my surrounding area see it as a Wifi option on their devices?
You can configure it to expose a wifi access point. It depends on what you are trying to do.
 
While I plan on running a DIY miner regardless of the payout, will one of the first 6000 DIY miners built to the same spec as the official miner receive a worthwhile payout in Sky coin? What is the requirement for a DIY miner to get whitelisted (and earning Skycoin) on the Skywire testnet?
The reason we have white-listing on the testnet, is to stop too many nodes from joining the network at once. The network can only support so many nodes until we upgrade certain infrastructure (like the messaging/inter-process communication standard).
Eventually, all DIY miners will be whitelisted, but there will probably be a queue.
 
The Sky team is developing antennas by their own instead of buying or using technology already developed, why is such an effort necessary?
You can of course, buy any commercial antenna or wifi system and use it for Skywire.
We are developing our own custom antennas, to push performance limitations and experiment with advanced technology, like FPGAs (Field Programmable Arrays) and SDR (Software Defined Radio).
Existing wifi has a huge latency (15 milliseconds per hop). We need to make several modification to get that down to 0.5 millisecond per hop.
We have several custom PCB boards in development. We have a few secret hardware projects that will be announced when they are ready.
For instance, the Skywire Miner was in development for two years before we publicly announced it. Some of our next hardware projects are focused on payments at the point of sale and improving usability, not just the meshnet.
 
So back in January Steve was asked a question in the skywire group: "Steve, I am not a tech savage, so how can I understand better the safety running a miner if people on the network do DeepWeb stuff? So i will receive and redirect data packets with crazy things and also there is around 128 GB of storage on my miner. How can i have peace of mind of that?" He replied with "If you don’t run an exit node to the open internet it won’t matter you can run relay nodes if you’re worried about it, or proxy specific content." This seems to goes counter to what you mentioned regarding end-to-end encryption with Skywire. Will some people only be relay nodes and some will be exit nodes as well?
I think the question is wrong.
You only store content for public keys that you explicitly subscribe to.
This means if you do not like particular content or do not want it on your hardware, then you can just blacklist those public keys or don’t subscribe to them. Data never goes on your machine unless you requested it.
If you are holding data for a third party such as forwarding packets, it’s always going to be encrypted, so will look like random noise. There will never be anything in the data that causes legal liability. It will look the same as the output of a random number generator.
 
If using the skyminer, how much bandwidth will be necessary to run it at its best? And what about the router? It's true it has only 100mbits output? Is a 1gigbits connection necessary to reach toprates?
Hold on!!!! Let us get the software and test net running first, lol. We will know once we know what works for the testnet.
 
What will the price be for future Skynodes (formerly called Skyminers)?
We are working on ways of reducing the cost, such as by buying our own factory, doing custom PCB boards and using different materials.
The cheapest Skywire Miner node will be about $30 for a single node miner. We will have a very cheap personal Skywire “hardware VPN” node also.
The miners we are shipping now are for powering the network backbone and have 8 computers and are about $800 each. We sold people the miners for 1 BTC each so they can support development, but gave them a Skycoin bonus equal to about 1 BTC worth of Skycoin.
Then that money, went to fund the cost for developing the newer hardware.
submitted by MuSKYteer to skycoin [link] [comments]

Is this a brilliant or totally stupid idea? (xpost from r/decentralization)

Hi there. I'm totally biased and need your help to get a clear picture on the following idea. (Which, btw, you're free to use / implement if you mention me ;-)). Any kind of feedback (moral dilemmas, technical difficulties, economical challenges or theoretical advice etc... ) is welcome. Please try to be critical and/or constructive.
I also wrote a 22 page whitepaper on this, if anybody is interested in reading the more detailed version, please let me know.
In a nutshell: I'm envisioning a new online system that allows users to find solutions to big or small problems, and that creates a reward (crypto token) for entities that implement these ideas.
Any user will be able to create a unique identity (1 user account per 'real person') to participate on the platform. Users can create and discuss about ideas (with a system that removes (additional) bias as much as possible by showing randomized & anonymized up-/downvoteable posts); I can post more details about that if you ask for it).
Based on that discussion they can put specific ideas up for a vote, associated with a community-created wikipedia-style summary containing as much information as compact and digestible as possible. Before voting users would need to pass a very basic test to ensure that they have done their due diligence (a very easy test, reading the summary is enough to pass).
(Important: as opposed to typical national political votings it is not necessary and even not always desired to have as many people voting as possible, it is much more important to have an educated representation of what is considered as 'the right thing to do').
Voting is generally open to anybody, but can be restricted to a limited circle of individuals, e.g. it might be desirable to have only individuals from a municipality voting on something that only effects that municipality. (It will be visible to everybody though).
Votes will be anonymous, and - considering that there will be way too many different ideas & votings available to keep up with all of them - votes can be delegated to any other user for any subset/filter of issues (e.g. delegate votes for all issues that will be found with an 'environment' search to a specific user that is trustworthy).
Furthermore, ideas and vote outcomes will always be ongoing, there won't be a deadline (with some exceptions): at any time votes can be changed and delegations withdrawn. Ideas will usually find an equilibrium after some time, and after big events (e.g. terror attacks, new scientific studies, ...) the opinion might shift and with it the equilibrium.
Once an idea was voted on, anyone (individuals, institutions, companies, governments, ...) can implement the idea that was approved as 'good' for humankind. Whoever implements an issue will receive a reward in form of a newly minted crypto token. This token is a sign of "the receiving entity did something good for humankind". The amount of received tokens depends on some factors, i.e. how stable the equilibrium is, how many users voted, how controversial it is (equilibrium at roughly 50% pro/con), how much work (working hours) was spent etc... .
Entities will only receive the tokens if they file a report about what they did, which includes amount of work done. These reports serve as a proof of work, and simultaneously as publicly visible data about how good a certain idea is (e.g. reports should optimally also include details such as the effect that the implementation had).
Mining will be necessary to mint the tokens and keep the blockchain secure, but (in contrast to i.e. bitcoin) mining should be very easy, so that any cellphone can be used to mine. Simpler mechanisms (than solving an ever-increasing hash-puzzle) might be possible, such as randomly picking a registered user (remember, every user will be associated with a unique real person) and assign the task to mine the next block. Depending on the implementation, tokens can be a reward for miners, or could also be structured as a general 'basic income' to all registered users (since no user will have to make special effort to mine).
Tokens will be tradeable, and I assume that these tokens will gain value relatively fast (more on that at the end, but mainly because they're carrying a very valuable intrinsic value: Recognition and acceptance of doing something good). The more value the tokens have, the better, because they can be used as leverage by the community to encourage good behaviour (same as / replacing money).
Other mechanisms of limiting the abuse of this system / 'bad behaviour' and encourage 'good behaviour' (where 'bad behaviour' stands for e.g. faking reports, breaking promises, hiding information...) are conceivable and could be added to the system where necessary. For example, the necessity could arise to be able to downvote entities (but not individual users, except they're public officials such as president/prime minister), and the system should be set up so that mechanisms like this can be added, removed and modified with the consent of the community.
Some additional mechanisms such as 'challenges' or 'promises' can be introduced to that system to incentivize a broader audience using it: challenges can be put up to reward individual users with tokens for everyday action (riding bike, using the better product/service, ...); promises of politicians could be recorded and tokens could be handed out for fulfilling these promises within a timeframe (after which they'd be considered as 'broken' and publicly noted as that on the profile)

Token Value:

I hope I didn't forget any of the main mechanisms. Let me know what you think, whether this sounds like something that might have a chance; and possibly what you think the effects of it would be. (I think it might reduce the role that money has in our society and how value is created, and it might get rid of the current voting system, with that political parties and party affiliation, and potentially change the whole governing system as we know it)!
submitted by derjogi83 to Discussion [link] [comments]

Take it apart: System that rewards good deeds

Hi there. I'm totally biased and need your help to get a clear picture on the following idea. (Which, btw, you're free to use / implement if you mention me ;-)). Any kind of feedback (moral dilemmas, technical difficulties, economical challenges or theoretical advice etc... ) is welcome. Please try to be critical and/or constructive.
I also wrote a 22 page whitepaper on this, if anybody is interested in reading the more detailed version, please let me know.
In a nutshell: I'm envisioning a new online system that allows users to find solutions to big or small problems, and that creates a reward (crypto token) for entities that implement these ideas.
Any user will be able to create a unique identity (1 user account per 'real person') to participate on the platform. Users can create and discuss about ideas (with a system that removes (additional) bias as much as possible by showing randomized & anonymized up-/downvoteable posts); I can post more details about that if you ask for it).
Based on that discussion they can put specific ideas up for a vote, associated with a community-created wikipedia-style summary containing as much information as compact and digestible as possible. Before voting users would need to pass a very basic test to ensure that they have done their due diligence (a very easy test, reading the summary is enough to pass).
(Important: as opposed to typical national political votings it is not necessary and even not always desired to have as many people voting as possible, it is much more important to have an educated representation of what is considered as 'the right thing to do').
Voting is generally open to anybody, but can be restricted to a limited circle of individuals, e.g. it might be desirable to have only individuals from a municipality voting on something that only effects that municipality. (It will be visible to everybody though).
Votes will be anonymous, and - considering that there will be way too many different ideas & votings available to keep up with all of them - votes can be delegated to any other user for any subset/filter of issues (e.g. delegate votes for all issues that will be found with an 'environment' search to a specific user that is trustworthy).
Furthermore, ideas and vote outcomes will always be ongoing, there won't be a deadline (with some exceptions): at any time votes can be changed and delegations withdrawn. Ideas will usually find an equilibrium after some time, and after big events (e.g. terror attacks, new scientific studies, ...) the opinion might shift and with it the equilibrium.
Once an idea was voted on, anyone (individuals, institutions, companies, governments, ...) can implement the idea that was approved as 'good' for humankind. Whoever implements an issue will receive a reward in form of a newly minted crypto token. This token is a sign of "the receiving entity did something good for humankind". The amount of received tokens depends on some factors, i.e. how stable the equilibrium is, how many users voted, how controversial it is (equilibrium at roughly 50% pro/con), how much work (working hours) was spent etc... .
Entities will only receive the tokens if they file a report about what they did, which includes amount of work done. These reports serve as a proof of work, and simultaneously as publicly visible data about how good a certain idea is (e.g. reports should optimally also include details such as the effect that the implementation had).
Mining will be necessary to mint the tokens and keep the blockchain secure, but (in contrast to i.e. bitcoin) mining should be very easy, so that any cellphone can be used to mine. Simpler mechanisms (than solving an ever-increasing hash-puzzle) might be possible, such as randomly picking a registered user (remember, every user will be associated with a unique real person) and assign the task to mine the next block. Depending on the implementation, tokens can be a reward for miners, or could also be structured as a general 'basic income' to all registered users (since no user will have to make special effort to mine).
Tokens will be tradeable, and I assume that these tokens will gain value relatively fast (more on that at the end, but mainly because they're carrying a very valuable intrinsic value: Recognition and acceptance of doing something good). The more value the tokens have, the better, because they can be used as leverage by the community to encourage good behaviour (same as / replacing money).
Other mechanisms of limiting the abuse of this system / 'bad behaviour' and encourage 'good behaviour' (where 'bad behaviour' stands for e.g. faking reports, breaking promises, hiding information...) are conceivable and could be added to the system where necessary. For example, the necessity could arise to be able to downvote entities (but not individual users, except they're public officials such as president/prime minister), and the system should be set up so that mechanisms like this can be added, removed and modified with the consent of the community.
Some additional mechanisms such as 'challenges' or 'promises' can be introduced to that system to incentivize a broader audience using it: challenges can be put up to reward individual users with tokens for everyday action (riding bike, using the better product/service, ...); promises of politicians could be recorded and tokens could be handed out for fulfilling these promises within a timeframe (after which they'd be considered as 'broken' and publicly noted as that on the profile)

Token Value:

I hope I didn't forget any of the main mechanisms. Let me know what you think, whether this sounds like something that might have a chance; and possibly what you think the effects of it would be. (I think it might reduce the role that money has in our society and how value is created, and it might get rid of the current voting system, with that political parties and party affiliation, and potentially change the whole governing system as we know it)!
submitted by derjogi83 to decentralization [link] [comments]

RealEst. Coin ICO Announcement - The Real Estate Coin with a Real Address! (REALEST)

Please find below an overview and Whitepaper for RealEst. Coin. Let us know if you have any questions. Thank you for your time.
Introducing RealEst. Coin - The Easiest Way to Invest BTC into U.S. Real Estate
"Real estate investing, even on a very small scale, remains a tried and true means of building an individual's cash flow and wealth." -Robert Kiyosaki
Who
We are located in the heartbeat of California: Silicon Valley. It is a place where the residents have priced themselves out of the real estate market because they have driven the demand up to exorbitant levels. Our experienced team has a diverse background in real estate, accounting, legal, government, technology, and marketing work. We see what needs to be done or can be done, and we do it. We have the Bay Area passion that is required to succeed in this competitive market. We have identified an enormously advantageous opportunity in the real estate market.
What
We are presenting our RealEst. coin to assist you in creating steady, stable income. It is a great way to get your feet wet for new real estate investors, and offers the wise return strategy that seasoned investors will appreciate. Look at how many businesses around you are chains. Have you ever wondered why?
Landlords favor chains because they offer corporate guarantees. For example, if Walgreens signs a 20 year lease with you but their sales slump year after year and they decide to shut their doors after year 7, then Walgreens will continue to pay out the remaining 13 years of the lease. Retail, restaurant, medical, technology, automotive, and office are all industries that typically sign triple net leased deals.
Another benefit of triple net properties is that the tenant pays for the common area maintenance, taxes, and insurance. Yield from single tenant triple leased real estate exceeded that of 10-year U.S. Treasury securities by 467 basis points as of November 2012. That difference has only continued to increase over the last four years.
When
RealEst. coin is available now. We plan on completing Phase 1 and purchasing the first round of investment properties in Q4 2016. We will begin paying out RealEst. coin rewards on a monthly basis beginning Q1 2017. The sooner we are able to complete funding then the quicker the rewards will be realized. We are at the perfect cusp of the real estate market to purchase some really wonderful commercial properties at great deals, and the demand from national tenants is at an all-time high. Chains are expanding and they are looking for their next location. We are in the middle of the equilibrium now.
Why
Bitcoin has its advantages, but it also has its limitations. For one, the volatility of btc is enough to give you the shivers. Also, the fee that btc exchanges charge is down-right criminal. And remember, btc is not tied to any real asset; if the popularity or support of btc drops then so will the amount in your account. Btc is a wonderful tool in the business world, but should not be one’s only option.
Closing
We are excited to get this project off the ground. We know there are many different avenues when it comes to crowdfunding, real estate, and technology; this is the perfect synergy of their benefits. It is easy, fast, secure, and safe. There is an abundance of coin offerings, but do you know what your money is really being invested in? Can you go visit that investment or take pictures of the asset? With RealEst. coin, you would be able to go visit the investment. The asset would have a physical address with a national level tenant.
"90% of all millionaires become so through owning real estate." -Andrew Carnegie
Please feel free to check out our whitepaper for RealEst. coin here: http://RealEstCoin.com
Let us know if you have any questions. Thank you for your time.
Due to the current legal nature of digital currencies, we must disclose that the use of RealEst. coin is explicitly for entertainment purposes only. The following information is provided to explain the utility of RealEst. coin in regards to real estate. However, professional legal, accounting, and financial advice is recommended before proceeding. Exchange BTC for RealEst. Coin Here REALEST Vending Machine IndieSquare Mobile Wallet Counterwallet Desktop Wallets RealEst. Coin (REALEST) Whitepaper - RealEstCoin.com RealEst. Coin Twitter RealEst. Coin Instagram Real Est. Coin Facebook LinkedIn The complete RealEst. Coin Whitepaper is below. Please click all of the provided links when reading. Thank you! Net Leased Investments with RealEst. Coin What are Triple Net Leased Investments?
Many real estate investors become dissatisfied with the management problems associated with real estate investment ownership. In recent years, more investors are becoming familiar with the ease of owning commercial property occupied by a single credit rated national tenant, using the vehicle of a long term triple net lease (NNN). The advantage of NNN leases is that the tenant is obligated to pay for all expenses associated with the operation of the property including property taxes, maintenance, insurance etc. When a NNN lease is executed with a national credit tenant, the investor can be assured of a management free property with minimal risk. Companies with a net worth of over $1 billion, such as Walgreens, Walmart, O’Reilly, Jack-in-the-Box, Barnes and Noble, Winn-Dixie, 7-Eleven, Inc. and Sherwin Williams, are the typical types of NNN leased investment properties that investors seek. Please watch the following video for more information on NNN leased properties.
Net Leased Investing 101 - Video What are the typical returns from Triple Net Leased Investments?
That depends on how you evaluate your investment. Capitalization Rates are the most common way to evaluate returns (take 1 year’s net income/purchase price). NNN leased investments currently average 5% to 8% capitalization rates depending on credit risk, location and value of the income stream. With the ups and downs of the stock market and the recent turmoil in residential housing, more and more investors are seeking refuge in single tenant NNN leased real estate investments. This increased demand, coupled with low interest rates, has produced favorable cap rates over the past 10 years. Internal rate of return (IRR) is the value of an investment over a period of time. Assuming over a specified period (usually 10 years) of income, appreciation, payment of debt (if any), resale value, cost of resale and discounting the numbers into today’s dollars, IRRs for NNN leased investments are usually 10%-14%. Yield from single tenant NNN leased real estate exceeded that of 10-year U.S. Treasury securities by 467 basis points as of November 2012.
Upward Trajectory of Net Leased Real Estate Buyers - Chart What is RealEst. coin?
The need for financial technology innovation in the commercial real estate industry is the inspiration behind RealEst. coin. RealEst. coin (REALEST) is an application coin based on the Bitcoin blockchain that can be used to purchase net leased real estate. RealEst. coin becomes an immediate, real world asset because its inherent value is in triple net leased properties acquired through the initial coin offering (ICO). RealEst. coin is vital to commercial real estate investing because its ability to be traded offers tax advantages similar to traditional 1031 Exchanges, but with more flexibility to the investor. Tax deferred real estate exchanges are a cornerstone to financial wealth building and RealEst. coin will help both novice and experienced investors achieve returns that are typically seen by well capitalized institutional funds and REITs. Due to the current legal nature of digital currencies, we must disclose that the use of RealEst. coin is explicitly for entertainment purposes only. The following information is provided to explain the utility of RealEst. coin in regards to real estate. However, professional legal, accounting, and financial advice is recommended before proceeding.
The Pros of RealEst. Coin - Chart RealEst. coin Investing
RealEst. coin allows investors to acquire ownership interest in net leased real estate. Stabilized net leased properties offer in-place cash flow that is guaranteed to the investor by the tenant or tenants leasing the property. We are able to source cash flowing and value-add triple net leased properties with attractive financing terms and transform them into beautiful investment projects. These properties are tangible assets that provide returns for your RealEst. coin portfolio. RealEst. Coin Flow - Chart How do I get RealEst. coin?
RealEst. coin can be exchanged with Bitcoin through the Vending Machine or Quick Exchange below. Two more simple ways to get RealEst. coin are with IndieSquare for mobile devices, or with Counterwallet for desktop access. Once a wallet is setup, go into the Exchange page > Select token > Search REALEST > Buy. Please note that a positive Bitcoin balance in your wallet is needed to exchange RealEst. coin.
Exchange RealEst. Coin below: 1 REALEST = .02 BTC 1 BTC = 50 REALEST REALEST Vending Machine IndieSquare Mobile Wallet Counterwallet Desktop Wallets Blockscan Block Explorer How do I get Bitcoin?
Bitcoin can be exchanged through any of the following services. Please conduct necessary due diligence before selecting your exchange.
How To Buy Bitcoins Coin ATM Radar Why is RealEst. coin on the Bitcoin blockchain?
Bitcoin is the most widely trusted and used digital currency in circulation. In 2012, 1 BTC was trading around $50; as of June 2016, 1 BTC is trading just over $600. This is the market performance since 2012 for comparable investments:
BTC vs. Comps Performance - Chart
Bitcoin is the epitome of how a digital currency expands its ecosystem through real world applications, and as a result increases its intrinsic value. RealEst. coin is positioned to follow, and hopefully surpass, the trajectory of Bitcoin because our application is specific to one use; net leased real estate investing. Real estate investing, whether individually or in a partnership, generally takes a significant amount of capital to acquire a property. Net leased investments offer the highest returns and lowest risk of all commercial real estate asset types. They are typically priced above $1,000,000 and available only to accredited investors who have an income of $200,000 annually or a net worth of at least $1,000,000. This financing requirement creates a higher barrier to entry to net leased property ownership. In comparison, RealEst. coin investors can realize the same long-term, stabilized returns as accredited investors because RealEst. coin eliminates the accreditation requirement and leverages a decentralized crowdfunding ecosystem that offers ownership for as little as $10, the opening price of 1 RealEst. coin.
CoinDesk Bitcoin Price Index What is the property acquisition criteria for RealEst. coin?
RealEst. coin targets new and remodeled, stabilized single-tenant net leased properties nationally. Value-add net leased multi-tenant properties in California will also be considered. There is an emphasis on medical, retail, financial services, and automotive tenants in primary metropolitan markets with strong economic demographics. Properties and portfolios will be acquired from developers, asset managers, sale-leasebacks, and brokers. Every acquisition will be announced so that investors know what properties are funded with RealEst. coin. All properties acquired will be insured.
The requirement for first year cap rates is a minimum of 6%. All leases must contain rent escalations and renewal options. For single-tenant acquisitions a minimum of 12 years left on the primary term of the lease is required, with a preference for credit rated tenants that will corporate guarantee the lease. This means that in the event that the store ceases operations locally, their corporate entity is obligated to continue paying rent at the location through the duration of the primary lease term. Financially strong franchisees that operate multiple locations may be considered. For multi-tenant properties there is a preference for at least 9 years left on the primary lease term with renewal options. Properties will typically be held for approximately 8 years and then exchanged for replacement properties. In prevailing cases, the tenancy may be renewed with a long term lease at fair market value which would offer a higher return on investment (ROI) than projected in the following examples. The purpose of this management strategy is to offer diversity, low exposure, and sustainable returns during economic uptick and downturn cycles.
Sample Properties CVS Pharmacy located in Virginia Priced at $3,974,335 6.3% Capitalization rate, 50.4% ROI 13 years remaining on the initial NNN lease Buffalo Wild Wings in Alabama Priced at $3,824,971 7.0% Capitalization rate, 56% ROI 15 years remaining on the initial NNN lease Starbucks & Mattresss Firm in North Carolina Priced at $3,393,600 6.25% Capitalization rate, 50% ROI 10 years remaining on the initial NNN lease How many RealEst. coins will be in circulation?
There will be 1,000,000 RealEst. coins in circulation initially. Pricing for 1 RealEst. coin will open at .02 BTC or approximately $10 USD as of October, 2016. The second phase will include the release of an additional 1,000,000.
How will RealEst. coins be allocated?
Approximately half of the RealEst. coins raised through the ICO will be used to purchase 1 single tenant net leased property during Q4 2016. The remaining coins will be used to purchase 1 to 2 more net leased properties during Q1 2017. RealEst. coin payouts will be distributed monthly starting with the first lease payment from the first acquisition; this target date is between January 1 and February 1, 2017. RealEst. coin performance will be announced quarterly.
RealEst. Coin Allocation - Chart RealEst. Coin Project Timeline RealEst. coin Promise
At the LeGrand Group, we are more than your real estate team: we're a member of each and every community we serve. There are many ways that we give back, and the one we are most proud of is our RealEst. Coin Promise. We are proudly pledging a portion of our company's RealEst. coin rewards to local nonprofits. We promise to better our community and believe tomorrow will be even better than today.
Cause and Effect of RealEst. Coin
Commercial real estate is an antiquated industry in terms of its implementation of modern financial technologies. For international investors, RealEst. coin offers a seamless gateway into ownership of net leased real estate located in the U.S. For U.S. investors, industry wide adoption of RealEst. coin will give buyers and sellers of commercial real estate another way to realize some of the same benefits of traditional 1031 Exchanges. Unlike traditional 1031 Exchanges, RealEst. coin has no constraints in regards to timelines to execute an exchange and the amount of capital gains tax that can be deferred.
RealEst. coin is an innovative technology that makes it easier for real estate investors, regardless of their capital resources, to take steps towards wealth building. Its flexibility makes it easy to use in the residential, development, and financing sectors which will be included in the near future. We are confident RealEst. coin will allow more real estate investors to obtain long term financial security needed to establish generational wealth. RealEst. Coin Advantages Over 1031 Exchanges - Chart
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Finding Equilibrium : Searching for the true value of a Bitcoin. By Vinny Lingham. vinnylingham.com — Bitcoin was trading at circa $450 as of March 31st 2014tldr: Bitcoin has a number of headwinds which is keeping the price in check. I’m expecting it to stabilize around the $400 mark for at least the next quarter (although predictions in the Bitcoin space are very hard to do past a couple ... Mar 31, 2014. Finding Equilibrium : Searching for the true value of a Bitcoin Bitcoin is currently trying to finding an equilibrium point — at least at the current volume levels — given all the recent disruptions to the ecosystem (including the recent MtGox collapse). Equilibrium would be defined for me as the point of stability in price where there is symetric volume and consistent growth on a daily basis between buyers and sellers (utopian, but right now there is ... Finding Equilibrium : Searching for the true value of a Bitcoin. Bitcoin was trading at circa $450 as of March 31st 2014. Vinny Lingham . Follow. Mar 31, 2014 · 9 min read. tldr: Bitcoin has a number of headwinds which is keeping the price in check. I’m expecting it to stabilize around the $400 mark for at least the next quarter (although predictions in the Bitcoin space are very hard to do ... With his permission I am republishing his excellent piece, Finding Equilibrium: Searching for the true value of a Bitcoin, below. I agree with pretty much all of Vinny’s main points. I have been on record saying the recent surge and plunge is eerily similar to the 2013 surge and plunge. If that pattern repeats, we should see the next big move this summer. Vinny thinks the price may flatline ...

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Since Bitcoin is not overseen by a central authority, mining makes certain that the individuals shifting the bitcoin has enough, that the agreed upon quantity is copied, and that the equilibrium ... Close. This video is unavailable. Business School academics Professor Buraschi, Chair in Finance, and Dr Pagnotta, Assistant Professor of Finance, have released a bold new research paper on t... The true divergence came into the new week where BNB rose to as high as $24.55, representing a six percent gain on the day in comparison to Bitcoin's near three percent loss over the same 24 hours. Search. Loading... Close. This video is unavailable. Watch Queue Queue. Watch Queue Queue. Remove all; Disconnect; The next video is starting ...

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