Hey, I've developed Battlenips - a game where players are looking for women's nipples.

I'm planning to add multiplayer battles in the next version: e.g. 2 players can wager 100 USDT each and compete for the total prize of 200 USDT (winner = player with lowest amount of clicks over fixed amount of girls).

What do you think about the game?

Via liquidations - kinda like BitMEX does it with XBTUSD, by liquidating traders according to mark price.

Suppose mark price goes up, but actual market price doesn't move. In this case, short positions will be liquidated anyway, and the forced buy orders will be placed at mark price, thus influencing the actual market price.

Think of "mark price" as a data feed that we provide to exchanges. It's true that we need to list the token on exchanges that support margin trading (e.g. Bitfinex, Huobi, or some of the new ones). That's why listing the token is our highest priority, as we've mentioned in the ANN post.

FYI, BTCV is already listed on Voltex, although it doesn't support margin trading yet.

1. It's not a stablecoin: BTCV mark price equals $0.01 * 24H Bitcoin volatility.
2. BTCV mark price goes up when Bitcoin goes down - so you can protect against volatility by buying BTCV when Bitcoin is stable and selling BTCV when Bitcoin becomes volatile (e.g. dumps).

It's worth noting that "mark price" is not "last trade price". For more information about trading strategies, please check out "How to make money on BTCV token?"

Reserved.

WEBSITE | TELEGRAM | TWITTER | ETHERSCAN | GITHUB

Bought Bitcoin? Welcome to the club: you've just exposed yourself to the biggest opportunity of your lifetime. But that opportunity has a cost: Bitcoin is volatile, and you can lose your sleep watching every move.

To protect yourself from price risk, you need an asset that does not dump together with Bitcoin.

— But, everything is correlated! Every crypto dumps when Bitcoin takes a dive!
— Well, BTCV doesn’t. Take a look at the chart: https://btcv.volatility-tokens.com/

Price relationship with BTC

BTCV stands for “Bitcoin Volatility Token”. BTCV mark price depends on the volatility of BTC:

• When BTC pumps, BTCV pumps.
• When BTC dumps... BTCV also pumps.

That’s because all BTC moves — both pumps and dumps — increase the volatility, which increases the mark price of BTCV.

Where’s the catch? Here you go: BTCV mark price decreases while BTC price stabilizes. When Bitcoin becomes boring, its volatility goes down, and so does Bitcoin Volatility Token... which makes it a good time to buy

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→ Subscribe here to get notified when Bitcoin Volatility Token goes under $0.03 (safe for long-term investment) ←

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So, how exactly does BTCV price depend on volatility? Simply put, volatility triggers a change in “mark price”, which in turn triggers liquidations of margin short positions. That means you can sell into liquidations, which are forced buy orders placed at mark price.

In other words: if volatility increases above certain mark, the exchange will place an automatic buy order which can’t be cancelled. This buy order will come from the trader who borrowed BTCV and sold it at market (“shorted BTCV”), thinking that volatility would decrease. His mistake becomes your opportunity. When exchange places an automatic buy order (“short liquidation”), you can sell your tokens into that order.

More information:

• Trading strategies for BTCV
• Mark price mechanics

Real world example

BTCV is modelled after VIX futures listed on CBOE: they allow traders to bet on volatility of S&P 500 index. Here’s the chart of VIX futures volume:


We’ll make our best to ensure that BTCV volume follows the same trajectory.

Features

• Exchange listing (Voltex)
• Price support bot (see below)
• Zero initial supply
• Constant emission

Specification

• Type: ERC-20 token with limited supply & low emission.
• Max supply: 100000000 BTCV.
• Circulating supply: 9117300 BTCV (~9% of max supply - better than regular ICO with 100% of max supply).
• Emission: 100 BTCV per ETH block (see “Supply & Emission” section for explanation).
• Price: depends on Bitcoin volatility (chart: https://btcv.volatility-tokens.com/).

Roadmap

Since BTCV innovation is financial, not technical, our codebase is simple - in fact, we’ve already implemented all core functionality.

Our primary goal is to list the token on exchanges — as many as possible.

• [Done] Deploy smart contract.
• [Done] Implement price calculation algorithm.
• [Done] List on a decentralized exchange.
• Implement sales bot.
• Implement price support bot.
• List on a centralized exchange with margin trading (e.g. Bitfinex, Huobi).
• (Continue until we have funds) List on other exchanges: both centralized and decentralized.

We shall invest all the money that we receive from BTCV sales into listing the token on exchanges.

Team

Denis Gorbachev - marketing & development (LinkedIn, GitHub).

Denis is a coder at heart: he started programming at the age of 14, had fun with C++ & WASM, then shifted towards higher-level languages like Elixir, Python & JavaScript / CoffeeScript. He recently decided to apply his coding skills at designing new financial products, starting with VOLTs (volatility tokens).

Alexander Kuzmenko - development (LinkedIn, GitHub).

Alex is the person behind the smart contracts & mark price feeds for VOLTs. He enjoys implementing backend services in Elixir and frontend widgets in JavaScript. He used to work for a bank, but ditched the regular job for crypto life.

Distribution

Bitcoin Volatility Token is distributed through Voltex (our decentralized exchange built upon 0x framework). We place our sell orders at the current mark price and move them daily. After we implement the sales bot, we’ll move our orders each hour (according to mark price recalculation period).

We’ll spread the supply over other exchanges when they list our token. It’s in echanges’ best interest to list BTCV soon, because the more BTCV is sold on their market, the more price support orders our bot will place (see below).

Price support bot

BTCV price is supported with buy orders that are placed at -50% from our sell orders. Here’s an example:

• Bot calculates mark price (e.g. $0.06).
• Bot places a sell order for 100 BTCV at $0.06.
• Alice buys 100 BTCV at $0.06.
• Bot places a buy order for 100 BTCV at $0.03.

Supply & Emission

Bitcoin Volatility Token implements constant low emission of 100 BTCV per 1 ETH block, starting with zero initial supply. This ensures that developer won’t dump the premine when the token is listed on exchanges.

We’re playing a long-term game here.

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[--($)--] Get notified when BTCV price goes under $0.03: subscribe to Telegram channel [--($)--]

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Links

• Twitter
• Telegram group
• Telegram news channel
• Telegram price updates
• Discord server
• Website
• Github
• Trading strategies

Looks good! And thanks for the tip about Telegram group activity. However, it only shows the change for latest 24H. Is there any way to see change for longer period of time? (e.g. month)

I'm looking for divergences: for example, the price has stabilized after dump, but the followers started to increase => that's a buy signal, since some of these followers will convert to buyers.

Is there a website that tracks Twitter followers of crypto projects?

Altcoin orderbooks are still thin, and my stop was triggered a couple of times on ragedumps, which are then absorbed by the market (like on ASTBTC, see screenshot).

One solution is to create an exchange where you can trade altcoin indexes instead of individual coins. Liquidity on indexes should be better, since indexes are like baskets of coins. Also, these markets should allow shorting (if implemented as perpetual swaps, like BitMEX XBTUSD).

What do you think about this idea?

You're right. But the difference between people having and not having a problem is going to make or break the startup. Some people may not care that their passwords are unrecoverable. What about you? Do you think there's a problem, and you haven't found a decent solution?

Great idea about screening!

It's also interesting to compare the answers of people who lost an unrecoverable password once VS those who haven't yet. I'll include that question in the screening survey.

Good idea, I was thinking about that, too — but don't you think it will skew the results towards people with the least amount of Bitcoin? (they would be more likely to chase a small payment) Whereas their unrecoverable passwords for Bitcoin wallets will probably be not important enough.

I'm working on a startup. For a startup to succeed, I need to make something people want. To understand what people want, I'm asking them about their problems.

I've hypothesized that people have a problem with unrecoverable passwords; I'm not sure if they really have it. That's why I'm asking for interviews — to find it out.

Possum577, thanks for advice! Is that OK to simply repost the topic, or should I ask the moderators to move the thread?

Hey everybody, I'm doing https://bitly.com/milvalchal, interviewing people who deal with unrecoverable passwords. Since Bitcoin wallets don't have a "forgot password" link, I thought this forum would be a good place to ask for interviews.

Anybody up for a quick 15-min Hangouts/Skype call? I'd be very grateful for that and will answer any of *your* questions in turn (I'm a web/mobile developer with 7+ years of experience)

If you'd like to chat, send me a PM please.

BitMaxz, you'll need to tell your relatives that the passphrase is like a "key to the chest" (chest = Bitcoin wallet). Once they have assembled the "key", they can open the "chest" and access the Bitcoins.

If you want the passphrase to be accessible strictly upon your death, you can put one of the pieces in your last will.

Just what was that thread? I honestly tried to find it, but couldn't.

Exactly.

The ultimate goal is to give access. Any system designed to give access can be breached/hacked/abused. So the real question to ask is "Does the system provide a good enough usability-to-security ratio?". For example, writing the password on a sticky note is very "usable" but not very "secure". Still, people do it (for non-critical passwords, hopefully).

Amph, 1Referee — If some trustees turn against you, the others will still protect your funds. For example, an encoded passphrase can be split between mom, dad, wife, best friend. Even if dad, wife and best friend conspire against you, mom will still hold defense (by not giving them her part of the passphrase) // I've added this to FAQ section in initial post

Raimonn, RustyNomad — You can send copies of the same piece to multiple trustees using a "split" technique:

• Split the passphrase in 2 pieces
• Send the 1st piece to mom and wife
• Send the 2nd piece to dad and best friend

Even if best friend loses his piece, dad will still have his own copy. // Added this to FAQ also

Everybody — useful suggestions, thanks! What are the other problems you can think of?

What if you generate an uber-secure passphrase for a wallet, then die? Or what if you simply forget the passphrase? Your Bitcoins will be lost forever.

I’ve imagined a simple solution:

• Encode the passphrase
• Split the resulting text into pieces
• Send the pieces to 4+ trusted relatives / best friends

When you die or forget the password, your trustees will cooperate to assemble the original passphrase, decode it, recover your Bitcoins.

What are the problems with this solution?

... + don't forget to answer the poll! (right above this post)

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FAQ based on comments:

Q: What if the trustees conspire to steal your funds?
A: If some trustees turn against you, the others will still protect your funds. For example, an encoded passphrase can be split between mom, dad, wife, best friend. Even if dad, wife and best friend conspire against you, mom will still hold defense (by not giving them her part of the passphrase)

Q: What if a trustee loses its piece of the passphrase?
A: You can send copies of the same piece to multiple trustees using a "split" technique:

• Split the passphrase in 2 pieces
• Send the 1st piece to mom and wife
• Send the 2nd piece to dad and best friend

Even if best friend loses his piece, dad will still have his own copy.