Live in about 18 hours: Payments in a Blockchain World
About this webinar
The payments industry has come under the microscope again as a means to apply blockchain technology. From tracking welfare payments by the government, to banks improving their payments products, to cross-border remittances becoming cheaper and easier, there is no stopping the impact the technology continues to have.
This panel will open up the debate and discuss the following and more:
-What is the effect of a distributed ledger solution on costly payment processing infrastructure?
-Can blockchain technology make payments more secure?
-Industry experts' experiences and applications
-Future opportunities and risks involved
Presented by
Niamh O'Connell (Deloitte), Peter Bidewell (Applied Blockchain), Anders Brownworth (Circle), Philipp Netzer (Lykke)
https://www.brighttalk.com/webcast/13689/244891?utm_source=BrightTALK&utm_medium=brighttalk&utm_campaign=244891 |
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This is a good slack btw: https://reddit-bitcoinmarkets.slack.com/ There is an ETF-Channel and nearly everything what is "known" is posted there, plus an announcement channel in which everybody will be notified once the decision is out. is there an invite somewhere available? ty Invitation is automated. Just sign in with your mail-address and you'll get an invitation-mail. sorry, doesnt work or I'm just not seeing it .. Most likely my fault! I gave you the simple link but I believe you need this one: https://self-inviter-slack2.herokuapp.com/Found it here: https://www.reddit.com/r/BitcoinMarkets/ (right side) |
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Thanks Tempus, I can wait till then though it will be more interesting to see the Business Report and get clarity on the business model, the markets and revenue streams and the strategic direction of Lykke.
Do you also know what is the number of outstanding Lykke coins? At the moment some are held by the company and by the founders, but I guess it's not clear to me how many coins are in distribution to the public. Coinmarketcap shows this number as 30,000,000LKK.
There are basically 4 groups, or even 5: Company Team-Members Angel-Investors Sept-Oct 2016 ICO-Investors Plus: LKK1Y-crowdfunding The 30 million LKK are those that were sold to the public during the ICO in Sept-Oct 2016. The LKK1Y are forward-contracts and not on the market yet but will stream in in about 1 year. The 30 million is most likely not totally correct because no LKK are restricted but it can be assumed to be about right because the company, team-members and Angel-Investors are in for the longterm. I personally believe that also a majority of ICO-buyers are longterm-focused. |
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Thanks to everyone for the great discussion going on here.
Hey Tempus, are you on the Lykke team?
I am kind of new here and bought some Lykke & forwards as well, I was wondering if you know when the annual financial statements and business report for end 2016 would become available? It was mentioned in the memorandum.
Regards,
DJ
Hi DJ! Yes, I help Lykke with Community-communication. I've seen that somebody asked the same question on twitter and they've answered: @fausch we are finalizing and auditing the 2016 year financials. Expected in April
https://twitter.com/LykkeCity/status/837737740041142273 |
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So glad I'm on Lykke, ETH and USD! I got scared for a moment though hehe. The future is bright for blockchain projects but Bitcoin will need a lot of work and some actual roadmap to recover from this in my opinion. No matter what maximalists say, there's nothing in the horizon other than petty disputes and 0 progress. There's a real chance ETH or others continue to dig at its marketcap. To me this is only Bitcoin fault, they got lazy, conservative, greedy, angry...this community is nothing like the one I heard and read about in 2011-2013. What it's clear is that BTC is no store of value (whatever that means) and certainly not a currency, nothing this volatile and manipulated can be considered a day to day currency. I believe that Bitcoin can become a good store of value. It's still very young and the volatility is high. But that is even more true for all other Cryptos. There is none that is near to stable and they all have some limitations and potential problems. What I like about Bitcoin is: It survived a lot and it's under attacks nearly every day. Yesterday for example: BitClub Attacks the Bitcoin Network with Transaction Malleability https://www.cryptocoinsnews.com/bitclub-attacks-the-bitcoin-network-with-transaction-malleability/I just hope they will get the scalability-problems solved before another project takes over. I really believe that is possible if they don't find a solution. The problem with Bitcoin is that most are delusional about decentralization. There's no leadership and roadmap at all, and when many intelligent people like Gavin Woods proposed changes and innovation they were shut down. That's why so many companies are packing their bags and moving on. Also mining centralization is a huge issue if you ask me and I don't see any solution for that in the near future unless it goes POS and we all know how that will be received, an instant fork lol. I'll believe in Bitcoin again when it represents my interests and curiosity, I'm not under some sort of dogma or blind faith. I still hold Bitcoin but much less than I would if I saw some actual development or fertile community. Same here. Right now I don't hold any BTC. I was nearly sure that the ETF wouldn't be approved. Regarding all the trouble: It's of course a bad situation, on the other side it speaks for some decentralization. I mean, Bitcoin is not govern like an Altcoin with a fix group behind. It's more a fight and over time that could turn out as healthy. It becomes a real problem if nothing happens. It needs movement. Regarding Mining: It's more decentralized now than it was 3 years ago. In 2014 Ghash was multiple times at about 50% of the mining power. That looks more healthy now. I still believe that the risk of a split is real and maybe it wouldn't even be that bad. 2 competing versions would maybe help. But we will see. |
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FOR CRYING OUT LOUD,even DECRED is surpassing FACTORN.loll What a joke.RIP
Decred Marketcap: $13,201,165 Factom Marketcap: $25,411,470 It's never only about the price. ;-) |
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coin can't grow in price, inflation too high  Aha. Zero inflation until M3 while Factoids are burnt but inflation is too high? Who can that be? |
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Obviously ANS screwed the second batch ICO investors, you know the price in btc is only 50% of ICO price. And the situation gets worse because they can't deliver innovation.
That is one lesson one don't need to learn twice. Always move away from all these second ICO of a thing, see synereo project too how it burnt the ICO investors from 33000sat to 3000sat, over 1000% loss Synereo had serious internal problems right after the ICO: Summary of the Synereo Controversy (updated December 12th, 2016)
https://www.smithandcrown.com/summary-of-synereo-controversy/ |
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This is a good slack btw: https://reddit-bitcoinmarkets.slack.com/ There is an ETF-Channel and nearly everything what is "known" is posted there, plus an announcement channel in which everybody will be notified once the decision is out. is there an invite somewhere available? ty Invitation is automated. Just sign in with your mail-address and you'll get an invitation-mail. |
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So glad I'm on Lykke, ETH and USD! I got scared for a moment though hehe. The future is bright for blockchain projects but Bitcoin will need a lot of work and some actual roadmap to recover from this in my opinion. No matter what maximalists say, there's nothing in the horizon other than petty disputes and 0 progress. There's a real chance ETH or others continue to dig at its marketcap. To me this is only Bitcoin fault, they got lazy, conservative, greedy, angry...this community is nothing like the one I heard and read about in 2011-2013. What it's clear is that BTC is no store of value (whatever that means) and certainly not a currency, nothing this volatile and manipulated can be considered a day to day currency. I believe that Bitcoin can become a good store of value. It's still very young and the volatility is high. But that is even more true for all other Cryptos. There is none that is near to stable and they all have some limitations and potential problems. What I like about Bitcoin is: It survived a lot and it's under attacks nearly every day. Yesterday for example: BitClub Attacks the Bitcoin Network with Transaction Malleability https://www.cryptocoinsnews.com/bitclub-attacks-the-bitcoin-network-with-transaction-malleability/I just hope they will get the scalability-problems solved before another project takes over. I really believe that is possible if they don't find a solution. |
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But please don't say that you believe in this project. Besides your constant "price is down and will go down more - talking" you spam things like this:
I better know what I believe. But sure, your words are true! ;-)
Yes, that's right. M2 doesn't work. Do you could see it? I can't. You really don't know what you're talking about. Factom is running on M2! |
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Same is true for a lot of other projects. Take a look at where ETH is since it's high or Monero, Lisk, Maid, Synereo etc. But also true: In Dollar many are near to an ATH.
Btw: Sad is that guys like you don't post any more once prices go up again. You are somehow the typical FUDder without anything real to say. ;-)
Keep calm. My words is true and have no effect on the market. All of us believe in the project but how long will it take to get back invested btc? I don't know. I'm calm, and right, your posts are unlikely to have effect on the market. But please don't say that you believe in this project. Besides your constant "price is down and will go down more - talking" you spam things like this: (...)
Exodus can't be released without M2. M2 is dead and doesn't work.
But sure, your words are true! ;-) |
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0.0021 Hmm... Most investors need a very massive pump for getting back their money. There's no word about a profit. Some of them bought factom for 0.006 btc  0.0015 is the next step. Same is true for a lot of other projects. Take a look at where ETH is since it's high or Monero, Lisk, Maid, Synereo etc. But also true: In Dollar many are near to an ATH. Btw: Sad is that guys like you don't post any more once prices go up again. You are somehow the typical FUDder without anything real to say. ;-) |
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If Ethereum should make progress regarding security, scalability etc., it's nearly safe to say that it would be the future, also as a currency. And in any case Lykke and Ethereum is a great combination. But I'm glad that Lykke is not dependent on Ethereum because I still believe it's a huge risk. Interesting is this in my opinion: https://medium.com/@Vlad_Zamfir/about-my-tweet-from-yesterday-dcc61915b572#.by7v045bvMany seem to see the post as kind of an admission of psychological pressure or even problems of Zamfir, while I think it doesn't matter. What matters is how true his statement is and I believe that he told the truth there. That's the reason why I prefer a project like Factom. It's simply safer, even if the price can be very frustrating and of course: The last months were frustrating. And Lykke is kind of similar when it's about the situation (not that much attention yet) but much faster when it's about showing progress and much more user- and community-friendly. For today: ETF-decision will most likely come. I really hope it! This is a good slack btw: https://reddit-bitcoinmarkets.slack.com/ There is an ETF-Channel and nearly everything what is "known" is posted there, plus an announcement channel in which everybody will be notified once the decision is out. Yes today's the day, even if there's no announcement it would mean it would pass (I doubt they will choose that route but hey...if they can't decide and don't see anything too risky). The price is pumping right now, it's clear to me it's all manipulation, I'm not gambling and trying to "trade" today. I'm sure they are pumping it high enough so they can short it from the heavens if the ETF news comes. Speaking of risk, completely agree on Ethereum, but that's how innovative technology and good investments are made, taking risks. And if you think about it, Bitcoin seems so stable and risk free but I'm fudding when I say that there's a high chance of a fork coming its way especially if ETF doesn't get approved and sentiment changes. This will create huge instability in the market and the whole industry will suffer for months like it happened with Ethereum. Ethereum survived because it has too much momentum, developers and ideas on its side. Bitcoin? a fork could absolutely annihilate it because it will hit when it hurts the most. I've heard Factom wants to anchor into Ripple ledger too? is that for sure? I think Lykke should anchor to Ethereum as soon as they can and become more Ethereum friendly if you will, they will be right at home with that community. I see Bitcoin also as high risk in the current situation. And I also was called a Fudder because I said in a slack that it's unlikely in my opinion that the SEC approved the ETF while there is a blocksize-war going on and nobody really can know if there will be one Bitcoin in 12 months or two or if another Crypto may even take over. Factom and Ripple: Yes, it seems as if there are plans. It goes back to a chinese article and this part (translated): ""We are not ready to announce any progress, but we are working on a very compelling partnership to bring the technology to the market," said Kirby. "Now, the data layer is working on Bitcoin The block will run in the future and will run on the Ether Square and Ripple."https://bitcointalk.org/index.php?topic=850070.msg18128813#msg18128813Lykke and Ethereum: Completely agree! Lykke is very ETH-friendly. Especially Sergey said pretty much the same like you about Ethereum in an interview with Coininterview. I believe it was in the second one. The reason why it's not implemented yet is most likely simply because there are so many priorities at the same time right now. |
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The Actual date is March 11th so it could come late tonight or even monday still. i'm sure everyone is watching. Amazing how SEC is quiet and haven't said anything at all.
This guy, who is "Reporter for @MarketWatch, focusing on ETFs.", seems to have infos: "The SEC has confirmed that a bitcoin ETF decision will be released today, despite chatter about it possibly coming Monday. Place your bets." https://twitter.com/RyanVlastelica/status/840217251223556096He also replied on questions about his source. Seems legit to me and if that's the case, the decision should come in the next few hours (about three I believe, until 4:30 pm). |
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Nice post by Sergei Sergienko, CEO of Chronobank, about meeting some members of Lykke: The adventures of Chronobank in Russia
I went to Russia to attend a couple of Summits and to meet our partners, Lykke exchange. I must say, professionalism and dedication to our new industry have surprised me.
(...)
I’ve met Lykke guys, and Sergey Ivliev, Lykke CTO in particular. I have to say that the guys are very switched on, on point and in love with this new technology that we all are working with. It was an inspiration to see the guys at work and get a glimpse of what’s to come with both Lykke and Chronobank.
(...) https://blog.chronobank.io/the-adventures-of-chronobank-in-russia-b9a6f2645d40#.sx3g2bzi3 |
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The ETF-decision will move the market. If approved it could fall below .02. If disapproved I believe there is some chance for a rising price. Not sure on what to bet here but I believe disapproval is more likely and even if approved money will flow back into Alt's once Bitcoin reaches new highs (wherever they might be). I'm curious why SEC is silent until the last days? Do they approve it by not making any public statement? I have read that it wasn't the practice of SEC to approve any ETF silently. If BTC ETF is approved FCT will fall below 0.02 mark. Most of alts will fall hard. I don't believe that there will be "approval by default" because of "no decision". I expect a decision today. And yes, if approved most alts will take a hit. But: - approval would add more credibility to Bitcoin and more attention on the whole space - Bitcoin would run into a price-bubble and bubbles always burst - the "new" value will tend to flee before that happens --> Alts would rise before Bitcoin crashes - Factom is not in competition to Bitcoin but complementary That said: I consider the ETF as a win-win, no matter if approved or disapproved. The difference is more about time than about the direction. I personally see more potential in Factom than in Bitcoin and I'm not even sure that the ETF would be good for Bitcoin when it's about longterm while a more of attention and credibility on the whole space would be good for Factom (also others) of course. |
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