[ANN] Lykke - Trade Bitcoin, Ethereum, FX and Digital Assets

[tempus]

So secret any more and the chart is also obvious, but since we've discussed that topic here:

SEC Shoots Down Winklevoss Bitcoin ETF Bid
http://www.coindesk.com/sec-shoots-winklevoss-bitcoin-etf-bid/

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.

[DJ53]

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

[tempus]

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

[DJ53]

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.

[tempus]

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.

[tempus]

Current Lykke Streams Contests:





https://streams.lykke.com/Project/ProjectDetails/e0e42f196de14a8ea46cc856be33730b






https://streams.lykke.com/Project/ProjectDetails/b6486ff56604467f9d91727cb00f2c43

[belowizard]

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 ..

[tempus]

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)

[tempus]

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

[tempus]

Coininterview with Bancor Network & Demetrios Zamboglou from Lykke:
https://www.youtube.com/watch?v=Ognx-LWCyfg

[operabit]

Coininterview with Bancor Network & Demetrios Zamboglou from Lykke:
https://www.youtube.com/watch?v=Ognx-LWCyfg

Nice interview! I very like it.

[belowizard]

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)

thanks buddy. got it

[tempus]

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)

thanks buddy. got it

Anytime! (could have been smarter the first time ;-) )

It's a great slack-channel! Very open discussions about pretty much everything.

[tempus]

Great article about exchanges and security with some focus on Lykke:


Trading Cryptocurrencies and Digital Assets Securely
http://fintechnews.ch/blockchain_bitcoin/trading-cryptocurrencies-digital-assets-securely/10037/

[belowizard]

Anytime! (could have been smarter the first time ;-) )

It's a great slack-channel! Very open discussions about pretty much everything.

already readin thru a lot

[tempus]

Very interesting progress-overview that shows how much is going on:


Lykke News Digest
https://www.lykke.com/city/blog/lykke_news_digest




And btw, retweets would be nice:

#lykkeglobal: #regulation, financial reporting, events and more from UK, Europe and the USA http://bit.ly/2nolAPw #lykketeam #fintech
https://twitter.com/LykkeCity/status/841633188283863043

[tempus]

Anytime! (could have been smarter the first time ;-) )

It's a great slack-channel! Very open discussions about pretty much everything.

already readin thru a lot

Go on #ETF and scroll a little bit up (yesterday: "Today is the last day for etf (...)" --> "....OH NOOOO!" )

[texasvsjohnson]

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.

The market cap is definitely going over 1.4 million. They made Feb 9, 2017 to Feb 28, 2017 $1,973,554.46  alone on the 1 year lykke contracts. So more then likely after the 1 year contract is up the market cap will more then double in price. To raise almost 2 million in that period of time shows how people are engaged into this project. People have a lot of faith and trust in Mr. Olsen. I also bought more 1 year lyke after the 28th and I am sure others bought some as well. So its probably over 2 million. To get the 20% discount is probably the best deal of any coin on the market right now. I am sure the coin will more then double and could turn into a top 5 coin in a few years. All the things they are adding to turn this into a decentralized forex is the best project of all the cryptos I have researched so far. There so many scam coins hitting the market its a breath of fresh air to find one thats legitimate that is ran by a man who is very successful in forex industry.

[belowizard]

Anytime! (could have been smarter the first time ;-) )

It's a great slack-channel! Very open discussions about pretty much everything.

already readin thru a lot

Go on #ETF and scroll a little bit up (yesterday: "Today is the last day for etf (...)" --> "....OH NOOOO!" )

who would have thought???

[tempus]

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.

The market cap is definitely going over 1.4 million. They made Feb 9, 2017 to Feb 28, 2017 $1,973,554.46  alone on the 1 year lykke contracts. So more then likely after the 1 year contract is up the market cap will more then double in price. To raise almost 2 million in that period of time shows how people are engaged into this project. People have a lot of faith and trust in Mr. Olsen. I also bought more 1 year lyke after the 28th and I am sure others bought some as well. So its probably over 2 million. To get the 20% discount is probably the best deal of any coin on the market right now. I am sure the coin will more then double and could turn into a top 5 coin in a few years. All the things they are adding to turn this into a decentralized forex is the best project of all the cryptos I have researched so far. There so many scam coins hitting the market its a breath of fresh air to find one thats legitimate that is ran by a man who is very successful in forex industry.

Yes, absolutely agree! I was very positive surprised how well people reacted on the LKK1Y, because first I was concerned that maybe many don't really understand the forward-contract. But more and more seemed interested and it went very well in a short time and without big "hype" etc. Interest in Lykke is definitely increasing and there is so much to come that I believe there is some chance that it even might explode through 2017. Impact on price is always unpredictable but the time is on Lykke's side. That's why I'm very optimistic. And btw: It's one of two projects even my parents invested in.

Regarding Richard Olsen: I believe he is indeed one of the reasons that people trust this project. In many other projects people are constantly concerned if a team could just leave with the money etc. That's a non-topic in Lykke. And what I can say is: They all are not just skilled but really good people who will do everything to make this to a win-win-win for Users, Investors and Lykke.