Yes. And it's not just nice, it seems to be very userfriendly and since it's connected with shapeshift it's nearly an "Inside-Wallet-Exchange". Of course it's not even near to Polo and guys like us will continue to use real exchanges (cheaper) but what I believe for Crypto in general is: It needs more userfriendly stuff. If I think about friends who sometimes ask me what I do: They would be interested but the complexity of crypto is a barrier in itself.

Saying that, this is also promising (first-semi-decentralized exchange): https://www.lykke.com

Until now the App is only available for IOS and Android. I'm not sure about Windows on mobile, but I know that they won't stay on mobile and will do a lot to give anybody access as fast as possible (browser-application as far as I know). This ICO is just about making the first steps into the public and not the last chance to buy into this.  

What I know is that they are fast in development. It's a big team of skilled people.

One of the Dev's just replied, that the backup-function ("12-backup-words") for Android will come during this week.

I quoted it all in their slack. No reply yet but it will come.

The question is already asked in their slack, but their team is busy and today is sunday and there is no answer yet. But there will be answer without doubt.

Nice! And the Factom-community can be proud because some of them/us figured it out long before this confirmation.

In short-term it's often about something that can be hyped up. Even the worst project gets attention if it gets a listing on a new exchange. Imagine a small copycat on bittrex and Polo would list it - price would drive up, but of course it would also be dumped back short after. If you take a look at coinmarketcap.com into the charts, it's nearly always the same pattern.  

But I personally always try to find pearls. And then it's about everything and of course, the team is the most important aspect because it needs expertise to build develop something with value, additionally connections are good, also some marketing-skills are important.

Interesting is: Sometimes that's not enough to get attention on the market. I've seen that with Factom at least from their launch on Polo (October 15) until their listing on Yuanbao (December 15). There was nearly no volume while they have all of the above (ok, they don't do marketing for Factoids but for business). In Factom the attention-level slowly increased over time, because more and more people figured that it has potential.


And Antshares: It's too early to know much about their "product", but at least it's safe that it's a very skilled team and it's safe that they have connections (also to big chinese exchanges) and it's also safe that they didn't rush this out. Just if you take a look when their official antshares-account was registered:

Date Registered: June 27, 2014, 06:20:13 AM

Or Twitter: also June 2014

Under the line, for a really good project, everything is important in my opinion. If I find something I don't recognize what I call "barriers" (concerns about important aspects) I buy and that's rare. I'm very carefully with buying into ICO's and also on the market. I burned enough of my fingers with shitcoins. ;-)


And what's great in ANS (not so much for the team maybe): This did not get that much attention in the western world. I mean, Waves got near to $20 Mio in their ICO. This is valued at about $15 Mio while it's much bigger and I believe: much(!) better. And: It will get attention when it launches. I'm not concerned that this will go below the ICO-price. I believe there are high chances that the opposite will happen, especially if they make it to launch on big chinese exchanges in combination with Polo. Imagine the heat in the trollbox if it should be about "Have you heard? Antshares on Huobi!!!" ;-)

Of course, I can't know if that will happen but I believe the chance is there.

They don't give the names of the exchanges but:

Regarding the 12 words: After I installed the wallet there was a "step" where I had to write down words that were shown in the wallet - each word is shown separately. I'm not sure if it's possible to skip that or if there might be a problem.

Are you on Android or IOS?

I'm not totally sure to be right, but: Even if the feature to get the wallet back is not implemented yet, you are already safe if you have the 12-backup-words.

With other words, worst case scenario:

- you install the App and you write down the 12 words
- you use the App (to buy into the ICO for example)
- you throw your phone into the sea right after
- you can't get the wallet back until the feature is implemented

But: It will be implemented and so you are safe.

That's at least how I think is the current situation. And since it seems as if they are very diligent I doubt that we will have to wait for long until the backup feature will be implemented.

I really wish there could be an extra thread for all the bounty-hunters with their ongoing repeating questions. It feels as if since the ICO has ended it's all about the same question and the same answer...

when will bounties be distributed??
first main-net

bounties are still not distributed???
first main-net

Nobody replied on my 100 PM's because I participated in the bounty-program!!!
first main-net

........

;-)

There are some things I like about Lisk (they are serious and they do it professional as far as I can see and are very hard workers, even if M. Kordek is very young) but I also have some concerns. I'm not sure about the whole idea in general. At one hand I like the sidechain-concept, on the other hand I'm not so sure that there will be much App-Development and until now I don't fully understand if that is really decentralized concept for App's or not and not even why App's necessarily should be. Some certainly, others maybe not. I really don't know if it's a idea that will be big or is already doomed - but that's maybe more because of my own lack of knowledge.

Safe is in my opinion: They won't give up any time soon. They will do their best and that's a reason why I think Lisk is something worth to watch.


I was looking since months for a good decentralized - exchange - concept and ANS was the first one that convinced me because of the skilled team and it's obvious that they didn't start with it just 2 weeks before the ICO but years before. I believe it's a good concept and I also like their eco-design (ANS as shares and fixed supply plus ANC as a coin like Gas which will be paid out to ANS-holders) and I know that they are taken seriously in China. What I'm unsure about is the blockchain itself. I believe to see the risk that it could be pretty much centralized or centralize over time since it's about voting the servers in and I believe that could be corrupted with voting-power.

Since I found Lykke I really prefer this concept, because it does make sense to keep it semi-decentralized or semi-centralized built on the Bitcoin-blockchain. It's more effective with the matching engine and the Bitcoin-Blockchain is more secure at the same time. At least Bitcoin is not easy to corrupt.



I have no clue about Iconomi. I looked into it but I'm really unsure. One thing is: It's an Ethereum-coin and I have a lot of doubts about Ethereum in general. TheDAO was very revealing about many aspects, from rushed out tech combined with weaknesses of Ethereum itself to an idealistic concept on one side, which was funded and hyped up by Ethereum-guys itself on the other, with the goal to fund other Ethereum-projects ...and right after the hack they bailed it out and so on. Of course, Iconomi is not theDAO but just the way they praise it with "high profits" and so on is a style I don't like. 

It is something I will watch, but I won't buy into their ICO.

Regarding Ripple I really did not find a link between "success of the project" to "value of the currency/token". But I'll do some research, also because I would like to understand the base-system. At least it's an interesting concept - but not like blockchain which I think is much more convincing by it's design.

Antshares: I bought into their ICO. I'm not so sure about longterm but it's a good team, a lot of expertise and connections. In short-term I speculate on their connections to big chinese exchanges ;-) And: ANS are also shares. Payouts in ANC (unsure about value yet).

Lisk: I also bought into their ICO but more because they did the best marketing I've seen so far. Sold after launch but watching.

All the other ICO's I didn't buy, like Waves and Rise and Heath and whatever.


And yes, attention is missing here. But what I know now is that they don't need to sell the ICO. It's more a first step into the public and without much marketing. But I have no doubt that they are able to bang the drums if needed.

But in general there are a lot of indications that there might be several big news. Just what they'll release in the coming weeks and months, if there won't be delays, will be big. Plus the IATA-conference etc. They have connections into the business-world, so it's likely that there will be good news and it's likely that they won't ever need the usual crypto-marketing like Lisk did it near to perfection.

Yes, I didn't want to compare the projects. It's just about the fact that dump-on-release/good-news exist and that (at least for some big holders) it can make sense.

But yes, absolutely agree that it will be different with Factom because the value of Factoids is highly connected to the use of Factom. That's kind of missing in Ripple how it seems.

You're right, because what I spoke about regarding Factom wasn't "release" of software. But in the past there was "dump-on-good-news", which is the same by it's principle.

If you have accumulated a lot of a currency/token of a project and if you would dump it all, there would barely be enough buy-support to catch it --> you have to wait on volume and that comes with good news. Plus: The price goes up.

If you want to see what I mean look at the last price rise of XRP (Ripple). They had good news:

Big Banks Invest $55 Million in Blockchain Startup Ripple's Series B
http://www.coindesk.com/ripple-blockchain-55-million-series-b/

Volume and price exploded - and it was dumped back with a lot of volume.

Yes, Factom is still my Nr 1! ;-)

Interesting is: Factom is very different to Lykke regarding it's purpose and regarding it's focus on user. Factom targets companies, institutions and even governments with their "honesty-system" and so on.

But what I figured in Factom and really liked and still find fascinating: They did a very good job in removing all kind of barriers that could prevent wider usage. Especially their economical design is genius in my opinion, with the conversion from the system-currency (Factoids) that can fluctuate, into the fixed in price and non-transferable software license (Entry Credits) - and the cryptocurrency is burned through that process. Even banks don't have to think about all issues crypto can be about (volatility, regulatory issues, security/hacks etc.). And the value of  Factoids will reflect the usage and react on good news because of speculation.

That being said: I see that principle in Lykke as well but of course in a different way. They are also very good in removing all kind of barriers that might prevent wider usage. And in contrast to Factom, Lykke has no limit regarding it's target group (in fact, Factom also is not limited but they don't focus on the private persons yet). And the combination of easy-to-use and "feeling safe"/security in it's fundamentals is really great in this project.

And what I said above about companies and that trust in a team is the major point is also true for both. Both teams are very skilled regarding the fundamentals (tech and also the business-side). Both teams have good connections. And: Both teams show some idealism as well. That's a mix I always like but it's really hard to find.



*************
By the way: My prediction is that Lykke and Factom will form a partnership someday. Would be a perfect fit in my opinion, because Lykke could do this with Factom:

"Factom gives you the ability to publish immutable data AND establish yourself as an authority that publishes immutable data. Over time, the validity of that data can be judged and your reputation as an Oracle can be cemented. Factom also by its nature is accountable because one can conduct full audits on all published data."
https://www.factom.com/blog/smartcontract-factom-announce-collaboration

And both last deals of Factom are about publishing stock-data (Intrinio and DataYes).

Not sure if Lykke would need another system but if ... I would like to see them coming together. ;-)

It's not really open for the wider public yet. I got an invite. But they opened a telegram-slack and as far as I know they think about doing an open channel in slack. 

 

I have to admit that my knowledge about Ripple is limited. But I wouldn't count much on the fee and I don't believe in the "bridge-currency", because in most cases that won't be needed. It's possible to trade anything against anything and I doubt that a bank will buy into XRP, which is unstable, to use that as bridge. And even if that should happen in some scenarios I don't see any indicator to evaluate XRP or how it's connected to the value of the company. Of course, it's possible that I'm wrong here, but until now I consider xrp-as-fee as the only safe thing to say.

And if I understand their system correctly, it's not even close to a blockchain but relies on too much trust into people.



That they can issue new coins was my major concern. But if we compare it again with Ripple: Ripple won't create more XRP but the company holds the majority of the total supply while I don't see much connection of XRP value to the value of the company. Both companies can inflate the market, but Lykke as company would lose in value if they would do that careless.

Under the line trust is always the major point in all of those projects and that's also true for pure Cryptocurrencies without premine and without ICO because there is no lack of dirty tricks to make a quick buck on the back of Investors.

And regarding trust I had the advantage that Richard Olsen personally explained me a lot about it all. He didn't do that with the intention to convince me to invest, more because in one way he liked my (critical) feedback, but also recognized that I had some misconceptions. And I can understand that others may not have the trust like I have now, but my recommendation is: Those who think about the question if they want to invest in this project, should also focus on exactly that while doing research. There are a lot of informations about Richard Olsen and also others of his team.

Good to begin with is this:

The Future Of Currency
Lykke Wallet is the new project from Oanda. Built using Blockchain technology, it could revolutionise currency and how we pay for things, Richard Olsen, CEO and Founder, Lykke.
https://www.youtube.com/watch?v=WmZBtKL7ZcM

To get an impression about his vision, this speech is great:

The power of the small world phenomenon | Richard Olsen | TEDxZurich
https://www.youtube.com/watch?v=bKzjwV_N68I

In the description of the video are already a lot of good infos about him.

Overall there is no lack of information about him and his team and what they're trying to build here. And I believe it's really important to get an impression about them and what they want, to come to a decision if to invest or not.


*************

But: Besides the question if somebody wants to invest in this or not, there is simply another major point: It's for users and it already is usable. I really believe, that this will have impact. Because if I don't think about LKK but if I would like to see this project grow the answer is a big yes. I'm paranoid. I hate it to have much value on exchanges and that's why I always deposit and withdraw and so on. Additionally there are a lot of projects without good wallets yet and it's a never ending story of importing private keys (cold storage) to get something on an exchange and so on. Somehow I like it because there is a good learning curve by doing all that, but what I know: There is still no solution for the average user in place and that is true for 99% of all what's out there. And this project is different and will most likely give access to a lot of different assets, from Crypto, colored coins to Fiat (FX).

And one thing I always focus on are reasons why something won't be used. I call that barriers and there are a lot of possible barriers (lack of trust - psychological, lack of abilities - fundamental, lack of accuracy - fundamental ...etc.). And until now I don't see any barriers in this project. It's just hard to get attention and to get traction but with such a base it's just a matter of time.