Bitcoin halving’s ‘non-event’ to flatten implied volatility

Educate Yourself Before Using Robinhood

TL;DR: Robinhood is a great way to get into investing, but the market is volatile, even the professionals lose to pure randomness, and so will you. The time-tested strategy is boring, low-cost index funds like VOO that you hold until you die. And you should concentrate on tax-advantaged accounts like your 401K and IRA before any of that.
Edit: I don't mean this to come off as outrage, or imply that Roosterteeth shouldn't be advertising Robinhood. Robinhood is amazing, I personally have had some great success with it, and was even a little excited to see Roosterteeth advertising it. I have also seen plenty of people see its simplicity, assume that's all there is to investing, and make fatal mistakes, often by buying shit options, or assuming Robinhood Gold is free money. I just want to be a quick buffer between that.
I want to start this off by saying that I am in no way a financial expert. I'm an amateur investor who considers themselves reasonably well informed when it comes to finances and investments. I submit this as an introduction to educating yourself, and will list far more quality resources to learn from at the end.
My Concern
Roosterteeth, Funhaus, and other podcasts I listen to have recently been advertising for Robinhood as a simple way to get into investing, with the implication being that investing is what smart, responsible, rich people do, and you should too. But there's some stipulations to this, and I feel Robinhood and Roosterteeth are both a little flippant about the risks involved, especially when introducing large, inexperienced audiences to the investment world. That being said, investing is important to your long-term prosperity, and Robinhood is great with 0 fees, and its simplification of investments that typically sound far more complicated than they are. But it's important to identify your tolerance to risk, and use this to know what investments you're making, and exactly how risky they are. Below I want to give a basic overview of what exactly stocks and options are, how risky they are, and some general advice surrounding them.
What are Stocks?
When a company wants to raise money quickly, but doesn't want to take out loans, they typically decide to go public. This means they split the company up into shares of stock, each of which represents a small piece of the company. These shares each cost a certain amount of money to buy called their share price. At the time of writing, Apple (AAPL) stock is at $207.48, and there are currently 4,829,926,000 shares of Apple out there. Meaning that $207.48 will buy you 1 / 4,829,926,000 of Apple. This also means that Apple as a company is currently worth 4,829,926,000 * $207.48 = $1,002,113,000,000. This price is dictated largely by how confident people are in the future of the company. If a report comes out that Apple is doing really well, the stock price will likely go up, and vice versa.
What are Options?
Options are another security (security is a largely general term used for investments you can buy) that are not stocks themselves, but are contracts regarding what you can do with stocks. They're more complicated than just buying and selling stocks, and can be far more risky. There's a lot to them, but the basic idea is that you are buying the option to buy or sell a stock at a certain price, by a certain time. There are two basic types of options, put and call options. A call option is where you believe that the stock price will go up, a put option is where you believe a stock price will go down. I'll leave Khan Academy to explain the specifics as they can do far better than I. The short and skinny of it being that options are more complicated, riskier, and you should take some serious caution before jumping into this space. Options are where I simultaneously love and hate Robinhood, as they make it very easy for people to understand them, but simultaneously make it far too easy for people who shouldn't be investing in them, to do so.
How Does Robinhood Fit Into This?
Robinhood is a brokerage, which is effectively a store through which you can buy stocks and options. There are tons of brokerages, some popular ones being Schwab, Fidelity, and TD Ameritrade. They all offer different services and products at different prices. The one point we'll focus on is commission fees. A commission fee is how much you are charged for the privilege of buying a stock or option, which is typically around $8 per trade. So if I bought 1 share of Apple for $200, it would usually cost me $208. Robinhood is unique in that it charges $0 per trade. It's also unique in that it's primarily a simple mobile app, while other brokerages are far more complicated.
Robinhood Gold
My immediate advice, do not touch this. My main criticism with Robinhood is not really explaining what this is. It is a loan that you are effectively gambling with. If you are a professional (which means you've gone to school, and gotten a job doing this stuff, not that you've made $1000 on lucky trades) this can be useful. But even the pros get absolutely wrecked by using this kind of stuff, and I absolutely urge you to not touch this. Using Robinhood Gold (otherwise known as margin) in the investing world exposes you to far more risk.
Cool, How Do I Get Rich?
Slowly. There's tons of cases of people making it big with Bitcoin, some bullshit penny stock, or a lucky options trade that makes them millions in a matter of days. These are the exception, not the rule. Smart investing is typically a slow and boring process. Warren Buffett, the greatest investor of all time, espouses the idea of long-term investments in good companies. This has made him one of the richest people in the world, making him someone you want to listen to on the topic. His advice? Don't bother with Robinhood. Use your company's 401K to its fullest extent, and buy boring, stable ETFs. ETFs are a large collection of stocks that track the general direction of the stock market. Over 10, 20, 30 years, these consistently make money. They're not sexy, and won't make you rich in a few days, but will reliably make you comfortable far in the future. These are the responsible thing to do, and will ensure you spend retirement without a lot of stress. Check out /investing's wiki which has a lot of great info on this.
But I Want to be Rich Now!
You won't. Or rather, it's statistically unlikely that you will. The odds are better than if you were buying lottery tickets, but they still aren't great. If however, you've got a gambler's penchant, and are totally fine with losing 100% of your investment in a matter of hours, you can try actively trading options. Once you are done looking through /investing's wiki and have done the responsible thing, I authorize you to do the dumb shit and expose yourself to the whims of luck. A community attempting this path is /wallstreetbets, and they openly joke about how stupid they are for attempting this. They're extremely crass, and exhibit every symptom of a gambling addiction. If you decide to go down this route, you should absolutely only use money you are willing to lose. Treat it like a casino, where you know that eventually, you will absolutely lose all of that money. You're just paying for the hope that you won't.
Further Reading
There's plenty of resources out there, here's a collection of my favorites.
Through the Internet
At your Library
Never pay for investing clubs, or those YouTube channels that have hosts with ferraris telling you they can make you rich. You're buying them the ferraris, when you could have bought a book that will be far more valuable for a fraction of the price.
submitted by watchinggodbleed to roosterteeth [link] [comments]

Educate Yourself Before Using Robinhood (X-Post RoosterTeeth)

TL;DR: Robinhood is a great way to get into investing, but the market is volatile, even the professionals lose to pure randomness, and so will you. The time-tested strategy is boring, low-cost index funds like VOO that you hold until you die. And you should concentrate on tax-advantaged accounts like your 401K and IRA before any of that.
Edit: I don't mean this to come off as outrage, or imply that Roosterteeth shouldn't be advertising Robinhood. Robinhood is amazing, I personally have had some great success with it, and was even a little excited to see Roosterteeth advertising it. I have also seen plenty of people see its simplicity, assume that's all there is to investing, and make fatal mistakes, often by buying shit options, or assuming Robinhood Gold is free money. I just want to be a quick buffer between that.
I want to start this off by saying that I am in no way a financial expert. I'm an amateur investor who considers themselves reasonably well informed when it comes to finances and investments. I submit this as an introduction to educating yourself, and will list far more quality resources to learn from at the end.
My Concern
Roosterteeth, Funhaus, and other podcasts I listen to have recently been advertising for Robinhood as a simple way to get into investing, with the implication being that investing is what smart, responsible, rich people do, and you should too. But there's some stipulations to this, and I feel Robinhood and Roosterteeth are both a little flippant about the risks involved, especially when introducing large, inexperienced audiences to the investment world. That being said, investing is important to your long-term prosperity, and Robinhood is great with 0 fees, and its simplification of investments that typically sound far more complicated than they are. But it's important to identify your tolerance to risk, and use this to know what investments you're making, and exactly how risky they are. Below I want to give a basic overview of what exactly stocks and options are, how risky they are, and some general advice surrounding them.
What are Stocks?
When a company wants to raise money quickly, but doesn't want to take out loans, they typically decide to go public. This means they split the company up into shares of stock, each of which represents a small piece of the company. These shares each cost a certain amount of money to buy called their share price. At the time of writing, Apple (AAPL) stock is at $207.48, and there are currently 4,829,926,000 shares of Apple out there. Meaning that $207.48 will buy you 1 / 4,829,926,000 of Apple. This also means that Apple as a company is currently worth 4,829,926,000 * $207.48 = $1,002,113,000,000. This price is dictated largely by how confident people are in the future of the company. If a report comes out that Apple is doing really well, the stock price will likely go up, and vice versa.
What are Options?
Options are another security (security is a largely general term used for investments you can buy) that are not stocks themselves, but are contracts regarding what you can do with stocks. They're more complicated than just buying and selling stocks, and can be far more risky. There's a lot to them, but the basic idea is that you are buying the option to buy or sell a stock at a certain price, by a certain time. There are two basic types of options, put and call options. A call option is where you believe that the stock price will go up, a put option is where you believe a stock price will go down. I'll leave Khan Academy to explain the specifics as they can do far better than I. The short and skinny of it being that options are more complicated, riskier, and you should take some serious caution before jumping into this space. Options are where I simultaneously love and hate Robinhood, as they make it very easy for people to understand them, but simultaneously make it far too easy for people who shouldn't be investing in them, to do so.
How Does Robinhood Fit Into This?
Robinhood is a brokerage, which is effectively a store through which you can buy stocks and options. There are tons of brokerages, some popular ones being Schwab, Fidelity, and TD Ameritrade. They all offer different services and products at different prices. The one point we'll focus on is commission fees. A commission fee is how much you are charged for the privilege of buying a stock or option, which is typically around $8 per trade. So if I bought 1 share of Apple for $200, it would usually cost me $208. Robinhood is unique in that it charges $0 per trade. It's also unique in that it's primarily a simple mobile app, while other brokerages are far more complicated.
Robinhood Gold
My immediate advice, do not touch this. My main criticism with Robinhood is not really explaining what this is. It is a loan that you are effectively gambling with. If you are a professional (which means you've gone to school, and gotten a job doing this stuff, not that you've made $1000 on lucky trades) this can be useful. But even the pros get absolutely wrecked by using this kind of stuff, and I absolutely urge you to not touch this. Using Robinhood Gold (otherwise known as margin) in the investing world exposes you to far more risk.
Cool, How Do I Get Rich?
Slowly. There's tons of cases of people making it big with Bitcoin, some bullshit penny stock, or a lucky options trade that makes them millions in a matter of days. These are the exception, not the rule. Smart investing is typically a slow and boring process. Warren Buffett, the greatest investor of all time, espouses the idea of long-term investments in good companies. This has made him one of the richest people in the world, making him someone you want to listen to on the topic. His advice? Don't bother with Robinhood. Use your company's 401K to its fullest extent, and buy boring, stable ETFs. ETFs are a large collection of stocks that track the general direction of the stock market. Over 10, 20, 30 years, these consistently make money. They're not sexy, and won't make you rich in a few days, but will reliably make you comfortable far in the future. These are the responsible thing to do, and will ensure you spend retirement without a lot of stress. Check out /investing's wiki which has a lot of great info on this.
But I Want to be Rich Now!
You won't. Or rather, it's statistically unlikely that you will. The odds are better than if you were buying lottery tickets, but they still aren't great. If however, you've got a gambler's penchant, and are totally fine with losing 100% of your investment in a matter of hours, you can try actively trading options. Once you are done looking through /investing's wiki and have done the responsible thing, I authorize you to do the dumb shit and expose yourself to the whims of luck. A community attempting this path is /wallstreetbets, and they openly joke about how stupid they are for attempting this. They're extremely crass, and exhibit every symptom of a gambling addiction. If you decide to go down this route, you should absolutely only use money you are willing to lose. Treat it like a casino, where you know that eventually, you will absolutely lose all of that money. You're just paying for the hope that you won't.
Further Reading
There's plenty of resources out there, here's a collection of my favorites.
Through the Internet
At your Library
Never pay for investing clubs, or those YouTube channels that have hosts with ferraris telling you they can make you rich. You're buying them the ferraris, when you could have bought a book that will be far more valuable for a fraction of the price.
submitted by watchinggodbleed to funhaus [link] [comments]

Slack chat with James Lovejoy (VTC Lead Dev)

Thought I would share this chat I had with James Lovejoy last night. Super generous of him to provide this much access and time answering questions. I was already a HODL'er, but this solidified it.
beerfinger [1:28 AM] Just read through the entire rebranding thread in the Vertcoin subreddit. Earlier today I also watched some of Crypto Hedge's interview of James Lovejoy from last August on YouTube. I understand both sides of the rebranding argument and have tried to play devil's advocate. Right now I do believe that the argument against rebranding is stronger. Full disclosure: I've worked in marketing/advertising my whole career and just recently got into cryptos. With that said, there are two questions that keeps nagging on me:
[1:28] 1. this coin has been around since 2014, so nearly 4 years. James seems like an incredibly smart and capable chap, but I'm just going to go ahead and assume the he hasn't always been the Lead Dev while he was in high school. Presumably there was someone before him and, after he graduates and moves on to whatever it is he's going to do with his life, there will be someone after him. Yes? So, with all due respect to James, as an investor in VTC, what assurances are there that this isn't merely an interesting side-project for a brilliant MIT student with little interest/incentive in its value as an investment portfolio? If the value of this coin to James is that of a college project, that is something I as an investor would like to know.
jamesl22 [1:32 AM] Hey!
[1:33] I've been the lead dev since Nov 2014
[1:33] (while I was in high school)
[1:33] And I've kept at it through college, I certainly don't intend to go anywhere
[1:33] Plus, there are more who work on this project that just me
beerfinger [1:33 AM] 2. I've read complaints about Vertcoin from people who poopoo its usefulness. Decrying it as "just another coin trying to be Bitcoin with not much differentiating it." People don't seem to view the ASIC thing as a big enough differentiator to make VTC stand out. There seems to be a kernel of truth to that as part of the argument against rebranding seems to be a tacit acknowledgement that it should not occur until a major change in the development is launched. So my question again stems back to James' motivations and incentives here. Is this a convenient use case for some college thesis? Or is the team really working on coming up with a major change in development?
[1:34] hey James! wow, thanks so much for your quick response
[1:34] great to actually communicate with you. and I stand corrected. very impressive that you started on this so young. I can see why MIT accepted you :slightly_smiling_face:
[1:36] my questions still stand though: I'm not trying to insult you so I hope you don't take it that way, but as someone who considers VTC part of my investment portfolio, I am very curious to hear about your incentives. You clearly have noble intentions. But what is your ultimate goal? What's the end game? Is it the same as Satoshi's was? (assuming he was really one person who existed)
[1:37] Or is there something else?
jamesl22 [1:37 AM] I think it's the same as Satoshi's
[1:37] To recreate the financial system in a fairer, more distributed way
[1:37] My research at MIT is totally separate to my work on VTC, though the two are complimentary (both are in cryptocurrency)
[1:38] In my ideal world everyone runs a VTC miner and full node in their home, banks become narrow banks and clearing houses/stock exchanges are a thing of the past
[1:39] The rewards of the financial system (in the form of transaction fees) will be distributed to the people, rather than siphoned off by banks or ASIC manufacturers as happens now (edited)
goodminer [1:40 AM] :thumbsup:
beerfinger [1:40 AM] I see. That is compelling. So, being that's the case, that sounds to me like something worthy of a brand, no?
[1:41] Unless you think there are other coins on the market with the same goals. In which case, what will differentiate VTC?
jamesl22 [1:42 AM] I don't think there are any on the market with as strong of an ideology as us
[1:42] Or any that can demonstrate that it follows through on its commitments
[1:42] The way I see it, VTC went from being worth $0.01 last year to 100x that now
[1:43] I don't see how a rebrand can possible accelerate already parabolic growth
[1:43] Bear in mind, that until a few months ago we had 0 marketing, that is where our focus should be now
beerfinger [1:44 AM] Fair. I'm curious, what do you think it SHOULD be worth?
[1:44] I mean right now, at this moment.
jamesl22 [1:44 AM] I don't think I should say, the SEC might be watching us
beerfinger [1:44 AM] Not in the future.
[1:44] haha
[1:44] ok
[1:44] Can you say if you feel it is undervalued?
[1:44] or overvalued
jamesl22 [1:45 AM] I will say with confidence that 95% of the top 100 is severely overvalued
beerfinger [1:45 AM] coins you mean
jamesl22 [1:45 AM] Yes
[1:45] On coinmarketcap
[1:45] If you visit most of their websites, there is no code at all
[1:45] Yet it's worth many times what VTC is worth
[1:46] Where VTC has been established for nearly 4 years, bug free and features well demonstrated
[1:46] VTC also had LN and SegWit on main net before LTC or BTC (edited)
beerfinger [1:46 AM] Yes I mean your statement doesn't surprise me. It's a nacent market. Lots of snake oil, clearly.
[1:47] I guess to steer this back towards the branding/marketing of your coin though, you clearly feel strongly about it and have a clear vision. Do you feel that as it stands the branding conveys that sentiment?
jamesl22 [1:47 AM] When you say branding, I assume you mean "vertcoin" and the logo?
beerfinger [1:48 AM] yes. logo, color scheme, etc...
[1:48] name even
[1:49] also to clarify one point, when I say that you clearly feel strongly about it, the "it" refers to your coin (not the marketing of it)
jamesl22 [1:49 AM] I think it's largely arbitrary
beerfinger [1:49 AM] why is that
jamesl22 [1:49 AM] Most coin names have no meaning whatsoever
[1:49] Google, the largest tech company in the world has a silly name
[1:50] Litecoin (whose name ought to imply it has fewer features) is #4
beerfinger [1:51 AM] I wouldn't underestimate the amount of strategy that went into branding Google (and continues to this day)
jamesl22 [1:51 AM] What's most important is the pitch, how can you convince someone who knows nothing about the technicals behind cryptocurrency, that ASIC resistance and decentralisation is important?
[1:51] Yes, but the original branding was arbitrary and haphazard
[1:52] Yet the technology spoke for itself
[1:52] Now it's in the dictionary
[1:53] Spending lots of time and money on a new name/logo, trying to get community consensus on that and then redesigning the website/subreddit/wallets/other services to reflect the changes is not where I think we should focus our small resources
[1:54] My goal over the next year or two is to take VTC from speculative value to real-world value
[1:54] So point of sale, ease of use, that's the focus now
[1:55] I aim to over time provide complete solutions for merchants to implement VTC at point of sale, for laymen to set up nodes and miners in their homes
[1:55] As well as potentially enterprise support if we get big enough
beerfinger [1:55 AM] It sounds like this is your intended career path then, yes?
jamesl22 [1:55 AM] In some shape or form, yes
beerfinger [1:55 AM] Wonderful
[1:55] When do you graduate, James?
[1:55] If you don't mind me asking
slackbot Custom Response [1:55 AM] I AM talking to you aren't I !
jamesl22 [1:56 AM] Charlie Lee worked at Coinbase for several years before returning to LTC a month or two ago
[1:56] 2019
beerfinger [1:56 AM] So you're a Sophomore? Or are you in graduate school?
jamesl22 [1:57 AM] Junior
chuymgzz [1:58 AM] @beerfinger can you imagine when people first heard the word "dollar" like WTF is a dollar where did it actually came from. It actually comes from Czech joachimsthaler, which became shortened in common usage to thaler or taler. Don't pay much attention to the name Vertcoin, just take a look at the tech. If you buy into this coin's ideology, you will actually start to like the name.
jin [1:58 AM] Hey guys :slightly_smiling_face:
[1:59] @chuymgzz but not everyone looks purely at the tech, if we look at the top 100 coins, you would know whats going on :stuck_out_tongue:
beerfinger [1:59 AM] Cool well thanks for indulging me, James. I really appreciate it. Hopefully this conversation continues in the future. While your probably right that right now is probably not the right time, that doesn't mean at some point in the future it won't be. In the meantime, I'll take comfort in the knowledge that I've invested in a worthy cause.
chuymgzz [1:59 AM] Longer term only the functional ones and the ones that deliver will survive and a whole ecosystem will be built around it
jin [1:59 AM] buzz and hype is unfortunately a large part of it
beerfinger [2:00 AM] *you're
jin [2:00 AM] that is true, but without marketing to draw in attention (which leads to usage and so on etc) it will be difficult for a functional one to survive even
beerfinger [2:07 AM] @james122 One more thing: how do you feel about regulation? Pro or con? Do you feel that the idea of nation states like the US and China (ergo the ICO ban) taking it upon themselves to place restrictions on the market to try and make them safer is anathema to the idea of decentralization? Are you a full on libertarian in that respect? Or do you welcome regulation because it'll separate the wheat from the chaff?
jamesl22 [2:07 AM] I think we need a sane amount of regulation
[2:08] ICOs are clearly illegal imo
[2:08] Unless they are performed under the same rules as an IPO
[2:09] Plus I don't want to create a safe harbour for child pornographers, people traffickers and terrorists to store their money
[2:09] However I do think the state has no right to spy on you without a warrant (edited)
beerfinger [2:09 AM] You mean you don't want to be Monero? :slightly_smiling_face:
jamesl22 [2:09 AM] No
[2:10] I will pursue privacy features that make the pseudoanonymity provided by the blockchain easier for people to use effectively
[2:11] That way, it is not obvious to anyone your holdings or transactions publicly (edited)
[2:11] But things like sting operations would still be theoretically possible
beerfinger [2:13 AM] Love it. I still feel the branding thing will need to be revisited at some point. I don't know what that means, exactly. Whether its as small as a font change to something bigger like a new color scheme, logo or even name, I'm not sure of. The ideology is strong, but as it stands Vertcoin doesn't have a clear differentiator in the market. I'm not sure that matters so much yet at this time, but it will.
[2:15] You clearly have a strong vision, I'm just not sure it's being communicated effectively yet. Hence, haters who say Vertcoin is just trying to be another Bitcoin.
workstation [2:15 AM] beerfinger might be a huge whale sniffing out Vertcoin before a huge loadup. Not that, that's a bad thing :stuck_out_tongue:
beerfinger [2:15 AM] haha... I wish
jamesl22 [2:16 AM] Vertcoin is trying to be another Bitcoin lol
[2:16] It's picking up where Bitcoin left off
[2:16] If people want a decentralised cryptocurrency, they should use Vertcoin
[2:17] Bitcoin just isn't one anymore
[2:17] Neither is Litecoin (edited)
beerfinger [2:20 AM] Semantics really, but if that's the case then that means Vertcoin isn't trying to be another Bitcoin. Bitcoin is already Bitcoin, which is a coin that did not fulfill it's promises. Vertcoin, on the other hand, like you said picks up where Bitcoin left off. I'm not sure that's being communicated by the brand (yet). Doing so may have nothing to do with rebranding (unless rebranding generates a bigger social following who then helps you communicate that).
workstation [2:20 AM] You've continued on a great coin James and no doubt Vertcoin has great features vs other coins, however without widespread use and adoption, Vertcoin might just become another coin without much use. The marketing side is sometimes even more important than the development side. Just need to look at history for that. E.g. Early version of Windows was buggy, bluescreen of death plagued it. But with heaps of $$ and marketing, Windows is pretty rock solid these days.
atetnowski [2:21 AM] joined #marketing.
jamesl22 [2:22 AM] Yes, agreed to both statements
[2:22] We're working on it, but it takes time and money
[2:23] But really, adoption is pointless until point of sale works properly
[2:23] When you can get it into people's physical wallets, or phone and they can spend it in a store, that's when it takes off (edited)
[2:23] Walmart, Target, all the big retailers hate Visa and Mastercard
workstation [2:24 AM] Thats a long way off... Even Apple and Samsung are struggling in that area
jamesl22 [2:24 AM] They would love a solution that opted them out of having to pay their fees
beerfinger [2:25 AM] @workstation To play devil's advocate for one sec, most successful people in the world don't achieve success because they tried to achieve success. Success is merely a byproduct of their passion. I do believe that James' commitment to the ideology can be sufficient. But it is true that the branding should communicate his vision. That is a constant conversation, too.
workstation [2:25 AM] yes, true
jamesl22 [2:26 AM] What we really need is talented content creators to make compelling media that explains the vision in a layman friendly way
[2:26] Thus far the message has been far too technical
[2:26] But in the past, the space was mostly populated by technical people so that is understandable
[2:26] It is only in the last 6 months that the general public has started to get involved
[2:27] Sadly "ASIC resistance" doesn't speak to them
beerfinger [2:27 AM] @james122 While it's true that universal adoption is key, you can say that about ANY coin. Even dogecoin would suddenly become a real coin if everyone up and decided to start using it one day. What's your strategy for making VTC that coin?
jamesl22 [2:27 AM] Whereas I think taking power from banks, chinese miners and giving it back to the people can be far more compelling
workstation [2:27 AM] We take Visa and Mastercard at our stores. We only do it because it boosts sales. People these days are all borrowing on credit because they don't have enough.... Paying on their CC# lets them buy things now (instant gratification) and slowly pay later. They managed to get banks on board because they make so much money on the interest. There is a clear reason why those cards satisfy a demand. We get charged about 1.5% by VISA/MC. To be honest, it's not a real deal breaker.
beerfinger [2:27 AM] haha, well, james you're talking to the right guy :slightly_smiling_face:
[2:28] My career is content creation
[2:28] I have nearly 20 years producing commercials and (lately) social content for global brands
mikevert [2:29 AM] joined #marketing.
beerfinger [2:29 AM] I would be happy to consult and provide any assistance I can
[2:29] "taking power from banks, chinese miners and giving it back to the people can be far more compelling" - that's your modus operandi
[2:29] you can definitely tell that story in a compelling way
[2:30] Question: have any crypto's ever created any sort of ad before? Even just for social content? (sorry, I'm new to this space)
jamesl22 [2:30 AM] Well we'd obviously be grateful for your assistance
[2:31] I'd imagine so, though I don't follow many other coins' social media very much
goodminer [2:31 AM] @beerfinger lets chat :smile: We've been working on a lot of initiatives over the last few weeks
jamesl22 [2:31 AM] @workstation 1.5% to a huge retailer is a large sum of money though
workstation [2:35 AM] I don't see any coin being widely used to be honest. They fluctuate way too much. Say a typical consumer whose after tax salary is $1000/week.. He buys groceries at the store for $1/Liter. This is simple maths for him, he knows it's going to cost $1 each week, inflation may make it rise to $1.10 next year, but he understands that. With coins, the price of his milk is too hard to calculate.
[2:37] Why would Bob switch to using coins, when Visa/MC give him so much more? He doesnt pay the processing fee (1.5%), he gets free credit (these days, banks will easily approve 10k credits). Why would he switch to Vertcoin?
jamesl22 [2:37 AM] @workstation, volatility is high because market volume is low
[2:38] I think it will take another financial crisis or two though before people start to abandon fractional reserve banking (edited)
workstation [2:42 AM] As long as bob gets his paycheck, he's not going to care what happens at the fed
jamesl22 [2:43 AM] Bob ain't gunna get his paycheck one day though
[2:44] Because the credit ponzi scheme economy will have collapsed
workstation [2:48 AM] yes, the fed can print whatever it wants out of thin air... But its backed by US tax payers to the tune of 2+ trillion/year with most banks adhering to loan capital requirements. E.g. they need a certain amount of money deposited before they can loan more money out. What is Bitcoin/alt coins backed by? Seems like its somewhat of a ponzi scheme now, with everyone piling in thinking it will go up forever. I get that BTC is backed by real energy usage/capital requirements to mine it (asic equipment, datacenters, etc), so its more "real" than $1 USD, but they both service a purpose.
axelfoley75 [2:49 AM] joined #marketing.
workstation [2:51 AM] but whats the end goal because it seems they all become ponzi schemes. The only true coin will be one that will not allow any fiats be converted to to coin.
[2:51] the only way to earn a coin, would be to mine it, wouldn't you think that that would be the truest coin?
[2:52] right now people are just moving wads of fiat money into coins/alt coins, thereby skewing everything.
beerfinger [2:54 AM] just jumping in here with one last comment before I go to sleep: money, whether we're talking salt, precious metals, fiat currency, or cryptos, is just something that we all agree to prescribe a value to. That being the case, how are you going to stop someone from trading that value for something they want? If someone wants to trade their cryptos for chickens, a latte, USD or anything else, they're going to do it. No point in trying to regulate what people spend their money on or how they do it. Seems the antithesis of the whole decentralization thing anyway
workstation [2:57 AM] true
aegisker [3:02 AM] I belive when crypto matures, has fast and easy payments solutions, volume will rise and price will be more stable. Current price is speculation due to news and new development. I dont belive that after 10 years we will be seeing such swings.
beerfinger [3:04 AM] sorry keep thinking of new stuff... @jamesl22 your point about POS is salient. What's your perspective on coins like TenX that try to address that with payment platforms and cards?
[3:05] is that what you mean? nuts & bolts, how would Vertcoin become a POS option?
aegisker [3:06 AM] How is usdt keeping its price around usd?
beerfinger [3:07 AM] don't they just keep up with USD inflation by making sure there's an equal amount of tokens to USD in the market at any given point?
jamesl22 [3:07 AM] Integration of LN and AS is key
[3:07] Then providing some hardware or software solution to integrate with payment processors
[3:07] I haven't looked at tenx
beerfinger [3:07 AM] so Vertcoin IS actively pursuing this then
[3:08] interesting
[3:09] perhaps there's some way to leverage things like ApplePay
jamesl22 [3:09 AM] I doubt it
[3:09] ApplePay's design is fundamentally different
beerfinger [3:09 AM] I mean it doesn't have to be ApplePay itself. Can be a separate app
lucky [3:09 AM] Having bitcoin or altcoins tied to your debit card isn't unbelievable
jamesl22 [3:10 AM] Of course not
[3:10] But it is suboptimal
beerfinger [3:10 AM] yeah sort of kills the whole decentralization thing
lucky [3:10 AM] in fact if we are going the whole hog and saying fiat collapsed. You'd be silly to think the banks would standby and let crypto take over without them
beerfinger [3:10 AM] now we're relying on banks again
lucky [3:11 AM] At the first sign of crypto succeeding fiat. Banks will take over
[3:11] Because they can trade their fiat to coin
[3:11] Government too
aegisker [3:12 AM] Well, banks issues debt, whole market is built around debt. Crypto would take that away
[3:12] This will be hardest transition
jamesl22 [3:12 AM] If the crypto market ever gets to say $1tril, the banks will use their lobbyist army to squash it as best they can
lucky [3:13 AM] Is it not possible crypto gets immediately regulated into the banking system as soon as it passed fiat in some way
jamesl22 [3:13 AM] They don't care right now because the space is tiny compared to their own equity
lucky [3:13 AM] Yes exactly James
beerfinger [3:13 AM] i like the idea of leveraging NFC tech as a way to introduce crypto to POS purchases... everyone already has a smart phone so no need to reinvent the wheel... it's basically just an app
lucky [3:13 AM] If finance is going to change politics needs to too
[3:14] Nfc seems like the way. Yeag
[3:14] Lots of the android wallets leverage it
aegisker [3:14 AM] No need for nfc, nfc was kinda overhyped. Qr codes can work equally good
jamesl22 [3:14 AM] @beerfinger I think LN will allow us to achieve that
lucky [3:14 AM] Lol qr
[3:14] Who has ever scanned a qr....
jamesl22 [3:14 AM] We just need a hardware implementation for the reader
beerfinger [3:14 AM] sorry james, what's LN?
lucky [3:14 AM] Apple made sure qr never worked
jamesl22 [3:14 AM] Lightning Network
beerfinger [3:14 AM] ah
aegisker [3:15 AM] If u use your phone, why complicate with nfc, is there a security benefit?
beerfinger [3:15 AM] the infrastructure is there... most readers i come across these days are already NFC compliant
jamesl22 [3:15 AM] QR can work, but requires a high res display in the POS device
[3:15] Which would increase costs
[3:15] NFC is cheap af
lucky [3:16 AM] Yep. Qr is extremely requirement heavy
aegisker [3:16 AM] For example, pub: you get check with qr. U pay with your phone. Waiter sees on his computer that its payed.
lucky [3:16 AM] Look at Asia and south America
[3:16] Nobody can read qr
aegisker [3:17 AM] I europe all checks already have qrs for tax checking
lucky [3:17 AM] I work in global marketing. Qr is completely unadopted in the real world
[3:17] Yes in no public scenario qr is used
aegisker [3:17 AM] Where you from?
lucky [3:17 AM] Uk
[3:19] A decade in marketing I can tell you for sure Joe public doesn't scan qr codes
[3:19] James is right. We need an alternative hardware solution
[3:19] And I think I unique piece of tech in public would drive massive interest
aegisker [3:20 AM] In slovenia, croatia, austria(i tjink) there is law that all transactions in coffeeshops or shops(everything with fiat transaction) is sent to tax authority as soon as check is printed. U get qr code on your check, so you can check if tax s paid for your service. This is to prevent black markets and unauthorized sellers. Works pretty well. If you frequently scan qrs you can get some bonuses..
[3:21] Public got used to this pretty fast.
lucky [3:21 AM] So there's an incentive
aegisker [3:21 AM] So also you could print qr shop wallet addr.
lucky [3:21 AM] Kind of skews the ease of adoption stat we are looking for
aegisker [3:22 AM] Costz nothing
lucky [3:22 AM] Costs a smartphone with a quick camera
[3:22] How about in a dark club
beerfinger [3:23 AM] I came tonight with many questions about Vertcoin. Namely the incentives of the Devs and how it differentiated itself in the marketplace. All of those questions have been answered as best as I could have hoped. The only thing left is figuring out a way to tell that story. @jamesl22, all of the things you've said tonight are reassuring and exciting. They provide great promise for the future of this coin and even more - your goals, if realized, are truly category shifting. This is such a compelling story. TELL IT!
lucky [3:23 AM] Asking every transaction to require an in focus photo capability is insane, imo
aegisker [3:23 AM] uploaded and commented on this image: IMG_20170908_092307.jpg 1 Comment Thats how it looks
lucky [3:23 AM] We need something similar to a contactless debit card
[3:24] Good luck scanning that in the dark with a £100 smartphone. Though.
aegisker [3:24 AM] For starters this is easiest solution for early adoption (edited)
workstation [3:25 AM] why not something short like vCoin. Then u could make it go off V=Vendetta, sort of has a nice mystery, anti establishment
aegisker [3:25 AM] You just need plugin for your pos software that checks your crypto wallet for received funds
[3:26] Imo this is easiest way to implement first public purchases of beer or coffee
beerfinger [3:26 AM] by the way, less is more when it comes to branding
[3:26] look at apple
[3:26] i love this example: https://www.youtube.com/watch?v=EUXnJraKM3k YouTube Brant Walsh Microsoft Re-Designs the iPod Packaging
[3:31] and there's always something to be said for ad wars... apple's david vs goliath attack ads vs microsoft is what put them back on the map
[3:31] that could be a great angle for Vertcoin... go after Bitcoin
[3:31] make fun of it the way Jobs poked at Gates
[3:32] that's just my 2 Vertcoins
submitted by beerfinger to vertcoin [link] [comments]

Log of AMA with swarmfund - Joel (@fractastical)

techbytes Ark community would like to welcome Joel (@fractastical) from Swarmfund here for today AMA and thank you for taking the time to be here.
rby123 people used so much gas that there are few tx per block
dr10 Hello Joel
joelafc theres only room for one Joel around here
dr10 you are joel as f. :kappa:
techbytes Joel anyone else here from Swarmfund?
joelafc left #trading_altcoins
fractastical Yes they are all next to me in person
axente :trollbounce:
fractastical i can have them join this slack
mad4thrash hello @fractastical
jakethepanda Hi Joel @fractastical welcome
mad4thrash unconfirmed tx to ico: 8,709 txs 417,232.73 ETH rotfl (edited)
mike Hi Joel, thanks for joining in
dr10 I understand Swarmfund focusses on creating a platform, where people can crowdfund revolutionairy projects over and over again. What makes Swarm-Fund attractive to bright minds with potential revolutionairy ideas and why should normal people invest in it? Many good ideas imply a free and open source society, without big money involved for example.
fractastical I'd say our value proposition over time has shifted a bit from a generic crowdfunding platform to introducing real assets into public markets via cryptographically secure ledgers
dr10 oh okay
As I read through your blog I had the impression its a crowdfunding platform
fractastical not to say that I'm opposed at all to what you mention
it started as the first blockchain crowdfunding platform
moobox nice spike on AMP
dr10 Can you then in simple terms (preferably for non-crypto people) explain what Swarm.Fund is about and does?
fractastical and we had lots of itneresting projects that ran or wanted to run
sure i'm happy to give the little bit of a historical approach, is probably interesting
fractastical early on we had tones of projects that wanted to list, many of them were in this revolutionary world-changing category
mike Hi Timo, thanks for joining in, Timo is also from Swarm Fund.
fractastical not all that many necessarily had a very clear business model underneath
tlehes Thanks Mike
mike And Philip as well
dr10 Hi guys
pieperp Hello everyone!
dr10 So but you are still are crowdfunding platform then? Or anything else?
fractastical so my partners @pieperp and @tlehes helped bring some old world asset classes into the crypto world
i think it's more accurate to described it as a community-owned asset marketplace
moobox ok guys i need to do some LIFE - ttyl
fractastical so those assets could be real estate
or other hedge funds
anton I’m here from Swarm as well with Sebastian. We’re a full stack dev and ux designer respectively.
wires hi! This is Jelle also from the swarm Team :slightly_smiling_face: (edited)
fractastical projects that alreayd exist, or are already getting started
dr10 What kind of projects? Would you quickly sum up some of the most differents? (edited)
pieperp we have this unique opportunity to create a solution for old fiat money that is still on the sidelines and bridge it to come to the crypto world. And vice versa.
tlehes We are curating the initial projects to set the initial tome as to what Swarm should be focusing on in terms of asset classes or sub-funds. High risk (Crypt hedge fund) to low risk (Real Estate)
fractastical both philipp and Timo have experience doing portfolio management
pieperp uploaded this image: Here's an example of projects that will be part of our pilot projects Add Comment
dr10 and these projects are for example? I have read that these project start as private blockchains as an experiment and then slowly get more and more serious and public
or is this only the case of the worldchanging projects?
fractastical great question, at the moment we are focusing less on "startup like" projects
but i think that this is a great model
the whole way that world works need sto be radicaly rethought
wires uploaded this image: swarmfund.png Add Comment
fractastical what you are describing is a bit like an incubator model
oh yeah, look at the @wires diagram, we used this at a private crypto-investor event last night
dr10 Did you already decide on which ethereum platform you will deploy? I have read that this will be a community decision and you only know that you will be on an EVM
fractastical basically swarm is the top of the pyramid
we've deployed on test net so far
ethereum as a technology actually presents several problems for us at this point
pieperp We have worked diligently on a clear got-to-market that 1/ validates the technical and legal framework we developed and 2/ solidifies a scalable market while 3/ it creates a market health and confidence for the community
dr10 Yeah. So what you are doing is similar to Bancor, right? Or even Iconomi (even if its not smart contract based) Or how does it differ?
fractastical due to the not particularly high quality of solidity among other things
wires @dr10 Ethereum/EVM (although we have worked on formal languages/DSL that compile down to EVM code, meaning we could target different blockchains as they appear) (edited)
fractastical I think we are like the upmarket version of those things
insofar as we are actually bringing in large money from the existing fiat ecosystem
around existing real partner funds
so its less hypothetical
more real assets
dr10 Okay so you have already established partners and relationships?
Your concept reminds me partly of bancor, yet you are longer around as I think. How does the calculation of a crypto fund work? It is smart contracted, so will there be some kind of algorythm?
wires @dr10 comparable to Bancor, but not so similar as it seams at first
dr10 And is it only limited to Eth tokens or also other currencies?
What are the differences to Bancor @wires
pieperp there are requirements that major fiat investors have, that so far the industry does not abide by (compliance, transparency, etc.), yet we are committed to develop. www.swarm.fund/whitepaper
wires Bancor’s main innovation is this way to create liquidity and tap in on the “long tail”
dr10 You should update your FAQ section. The provided whitepaper there says something about rescuing the rain forest
:joy:
wires that is match up buyers/sellers
“rescuing the rain forest” = def one of the things we want to do…
safe the planet, bro
dr10 probably, but I didnt really understand what this was about
pieperp update to materials on website coming the next few days.
dr10 okay
wires :smile:
dr10 :smile:
dr10 So anybody can propose a project? Or how does this actually work at all?
pieperp Animated intro video: https://drive.google.com/file/d/0B9M9FFmDPYqGUEZNNi1IX1ZRSVk/view
dr10 What will I see and do on your platform
pieperp Ultimately, yes. After we go through the first 6-9 months of curated pilot projects
wires (I’ll answer you Q about bancor~swarm~wings similarities and differences, give me a second to close of some things regarding status.im crowdsale #FOMO and collect my thoughts)
aquazi nobody here with some experience on the bittrex api?
dr10 @wires alright :smile:
dr10 so what kind of projects are there yet and who proposed them? just to have an image what goes on @ swarm.funds (edited) 2 replies Last reply today at 6:21 PM View thread
dr10 maybe 1-2 examples
pieperp dr10: https://arkecosystem.slack.com/files/pieperp/F5XED29M5/screen_shot_2017-06-20_at_9.09.25_am.png
mike can you go into a little detail on how the distressed real estate works?
pieperp sure: our syndicate partner is a fund that has been operating an data-driven & automated model to identify, buy, and rent distressed real estate from Chapter 7 filings. Highly attractive cash model of underutilized assets.
dr10 so its a software that looks through data and decides which projects, assets etc, could be interesting within a fund?
pieperp yes. plus an extremely high degree of automation. very small initial investments, which is returned within 10-12 months and makes 4x+ returns over it's lifetime.
dr10 When I buy Bitcoin, Stratis and Ark and put them into a fund. Its still highly volatile. You have a solution for this?
pieperp asset-backed tokens should be more stable based on the underlying value.
wires @dr10: this “open project proposal” could work very similar fashion to wings.ai, wings might even be considered an “oracle” for our system, so if the project passed the scrutiny of the wings.ai system and is listed there, this could be something the fund invests in (decided by liquid democracy vote) (edited)
pieperp we are trying to create asset classes that give the market a different risk-reward profile and alternatives to invest under portfolio perspectives.
wires @dr10 but as @pieperp is saying, we will start with some curated classes for which we already have some funds/interested parties, processes etc
dr10 I see... so its like "secure asset" "medium secure" "risky but high profit" assets, right?
okay
wires right, so bitadel would be the crypto hedge fund managing those classes (edited)
dr10 So I dont know how actual your blog and FAQ was:
pieperp plus are more attractive to non-crypto investors as they have a higher efficiency in operating them and can therefore be more aggressive in "pricing".
dr10 When I've read, "can be deployed as multiple chains and stake-weighted delegated votin"g and of course Mike Doty advising Swarm.Funds I had to think of this: Will Swarm Fund be smartbridged to ARK?
Maybe I misunderstood it totally
fractastical hmmm, you mean for the dpos stuff?
dr10 yeah basically its multiple side chains, stake weighted delegated voting... so thats what I asked to myself
fractastical i've thought about this for a long time but i don't know if i know enough low level technial knowledge about how ark works to know under what cirucmstances stuff
i did think about similar things with respect to DASH/PIVX
there are a few interesting possibilities there
most blockchains are currnetly using a top down approach for validation
but the ultimate dpos is actually bottom up
wires @dr10 I am one of the people behind internetofcoins.org which is developing a protocol to bridge incompatible blockchains using a novel idea of “hybrid assets”, it’s more longtail thing, we will start of with the basics, be @fractastical and me are definately thinking about those things…
fractastical so if you can peer with a governance mesh that is dynamically formed at the device level that's very interesting
dr10 So how does this cross-currency investing work? I can put FIAT money into a crypto asset or can I invest crypto in a real estate asset?
wires we split that up:
crypto => swarm.fund
fiat => bitadel managed fund
dr10 @wires okay I see. Ark is internet of blockchains too... so thats why I asked :smile:
wires these are the pools in the diagram I just posted
dr10 okay
wires @dr10 ah cool, I wasn’t aware.. :blush: kinda too busy to read all the whitepapers, but I’ll have a deepdive one of these days (edited)
dr10 @wires sure, I made a video about that :smile:
fractastical oh does Ark have a tokenized asset protocol built in as well?
wires @dr10 linkplz?
fractastical @dr10 link us the video?
dr10 https://www.youtube.com/watch?v=CgD4WqHJFtU (edited)
I am honest, I still didnt exactly get the differences to Bancor or Iconomi
dr10 I lack the technical understanding to be honest
but I see this three projects as very similar. But probably the details are much different
but I cant see it right now.. maybe you can point that more out? :slightly_smiling_face:
wires yes
mike how much has internetofcoins raised so far?
wires ~ $1.3m I think
tlehes @dr10 Bancor is more of a token platform whereas swarm is more focused on the governance and legal framework to link real world assets to Crypto investors.
wires ^ right
pieperp Bancor is purely a tokenization process. We have developed an entire process (legal and technical) to bridge into real world assets being owned and governed by crypto.
dr10 but didnt you say the real world asset are split from crypto investments?
wires yes
mike Ark's tokenized assets are separate ArkChains which are cloned and configured using the main Ark code. These run as separate chains bridged to Ark. Applications can then be built on top of these separate chains.
wires give me a second i’ll quickly sketch a picture
mike given the limitations of Solidity/EVM, what would you rather see as an alternative?
tlehes Swarm is managing both crypto assets as well as Fiat assets. The governance layer doesn’t distinguish between the two. The underlying funds are a mix of Crypto only, Crypto+Fiat, Fiat only. (edited)
mike can you go into some detail on the trading algos/AI Bitadel is using?
dr10 ahh okay... so if I invest in Swarm, I wouldnt only invest in crypto combinations but at the same time (or can I chose?) in a mix of crypto/Fiat or only Fiat?
that Means I could combine Bitcoin and Dollar?
as a Hedge?
tlehes We are building the market infrastructure for Traders, not mandating which algos they should use. It’s an open platform, similar to Quantopian for public stocks. (edited)
pieperp We are building the "AWS" for market traders, actually empowering them with data services, reporting, etc. and ultimately capital. So it's less about our trading algios, but more about identifying the experts. At the same time it's a "superhighway" for fiat investors to invest.
wires uploaded this image: sketch-for-dr10-ark.png Add Comment
wires @dr10 I tried to repurpose our picture to answer your question, I’m simplifying a bit here, but roughly it looks like this
the big fund is made up out of smaller funds, holding different asset classes
obv. different classes require different processes (buying a house, vs trading OTC comodities, vs trading cryptos)
dr10 I see. So its diversified in different branches, which makes the value less volatile, right?
if that is the main reason...
pieperp You could summarize Swarm+Bitadel as "market infrastructure" for investments. Think back to financial markets in 1985, we are building infrastructure structure that brings it to today's market standards. (edited)
wires bitadel software and infra is there to provide the information and reporting to have traders deal with it , and also to ensure that the votes of the L.D./swarm governance funds are respected
numba1enigma what regions can swarm accept fiat deposits on the platform 1 reply Today at 6:45 PM View thread
tlehes @dr10 The Swarm token gives you voting rights and access to underlying sub-funds, governed by Swarm. The Sub-funds governed by Swarm are the the actual assets you invest in. Over time, you hopefully will have a broad choice of Fiat/Crypto/Mixed subfunds to choose from,
wires @numba1enigma we will run two fundraisers: a crypto ICO and a longer running fundraiser for the (fiat only) “big fund” (edited)
pieperp numba1enigma: globally, including US with some restrictions
numba1enigma does swarm fund have existing compliance to take deposits from users today. i.e. deposit from a bank like chase
wires @numba1enigma but at a later stage we will be able to take crypto in as aswell to the crypto fund
before the cyrpto ICO starts we run a bitcoin suisse round
numba1enigma is the crypto fund a collection of tokens swarm creates like a mutual fund an individual can buy?
or can indiciduals make their own basket of tokens
pieperp for now we are working with bitcoinsuisse on that, but are having conversations with different market constituencies. this will be a part of the efforts in the next 12 months.
dr10 The reputation system is something as "giving a like" to interesting projects that evolve positively? (If its still actual)
pieperp it's not meant to be a mutual fund. Each SPV/subfund can involve seperate crypto and fiat investors, while being governed by Swarm platform.
wires (the $B fund will be filled over 2 years or so… depending on how well “we”/LD do) (edited)
numba1enigma what is swarm oppionion of index funds and the ability to get them traded on multiple markets 1 reply Today at 6:50 PM View thread
wires bitadel decides on this together with LD voting = swarm intelligence (edited)
mike Hi sebastian, melon
tlehes @dr10 The reputation system is used in reference to which sub-fund managers that are performing well as are building a track record on the platform.
pieperp numba1enigma: we don't discriminate on the opportunities. ultimately it's about the community showing interest in certain opportunities, endorsing them and those in return proving their value/credibility.
wires @dr10 there is a lot of reporting coming from bitadel infrastructure that reflects back on both the performance of subfunds, traders, fundraisers, and also on how well the LD votes count…
sebastian hi @mike it was great to talk with you last night, very interesting ideas for ark
numba1enigma SPV can combine assets of say typical VC's and bitcon millionars to launch a project in any space? 1 reply Today at 6:52 PM View thread
dr10 ah ok, so its like these daytrader platforms where you can follow daytraders who are listed chronogically by % success rate
tlehes @dr10 The voting for projects is based on quorum&majority, liquid democracy (edited)
pieperp numba1enigma: absolutely, that's the goal. watch the video :wink: https://drive.google.com/file/d/0B9M9FFmDPYqGUEZNNi1IX1ZRSVk/view
wires @numba1enigma more or less, yes, but probably a wings.ai like mechanism is used to propose the SPV to the swarm token hodlers and must pass LD vote
mike thanks seb, enjoyed as well.
wires and swarm will then setup the spv, etc… (edited)
mike what business entity and jurisdiction is Swarm Fund using?
numba1enigma any parallels of swarm to iconomi cofound.it
wires you can also think of swarm as otonomous for spv’s, but there is more to it
tlehes @mike There are different jurisdictions suiting well for different purposes. We are looking at the best solution for each sub-fund category.
wires cofound seems more like wings.ai (edited)
than swarm
fractastical I think Iconomi has some similar properties, but we are working with larger more established partner funds
that are already profitable
wires and wings.ai is much like the “propose a subfund / asset class / project in asset class / etc” procedure
anton Iconomi is also more of a hub and spokes model focusing on building enterprises
tlehes Thanks for participating, happy to answer any follow up questions.
fractastical Live Q&A with Coinfund starting now
https://www.youtube.com/watch?v=5PfoBJ8zFOo
mike We are at the one hour mark, but can continue as long as Swarm Fund team members and Ark comunity members would like to continue.
Thanks you to everyone for participating.
dr10 Thanks for the Ama!
wires np! :smile:
enjoyed talking to you guys and will lurk around on this channel, seems very interesting, ark (edited)
pieperp was a pleasure!
sebastian thanks for organizing mike!
dr10 :+1:
fhemai Evening
mike see Joel, Philipp, Jelli, Timo live on the youtube link now, busy day!
submitted by Jarunik to ArkEcosystem [link] [comments]

FRM: Implied volatility smile - YouTube Implied Volatility (Smile) - YouTube Volatility Smile - YouTube Volatility smile Bitcoin will see volatility soon!  Are you ready?

No surprise, the implied volatility according to the Black-Scholes model is also extremely high: Besides the absolute level of more than 200%, it is interesting to note the shape of this "smirk". Despite the significant positive mean return and the "fat" positive tail of the Bitcoin returns distribution (see above), the right-hand side implied volatility is elevated relative to the left-hand side. The Volatility Smile and its Implied Tree @inproceedings{Derman1994TheVS, title={The Volatility Smile and its Implied Tree}, author={E. Derman and I. Kani}, year={1994} } E. Derman, I. Kani; Published 1994; Computer Science; Stackable cargo containers are provided with internal corner assemblies comprising rotatable shaft members which are engaged and turned by the turnable lift members of the ... I know that implied volatility is the value for which the Black Scholes model returns the correct option price. I also know that if we plot the volatility on the strike price chart, we will see "smile". This means that the Black Scholes model is inappropriate for valuation because it assumes constant volatility. But what does it mean that another model (eg Kou model) can reflect the volatility ... The implied volatility was 44 percent, less than the lowest observed volatility for bitcoin. It's ironic that many cryptocurrency boosters assume that bitcoin prices will rise rapidly if it ... This is an updated, more robust, and open source version of my 2 previous scripts : "Implied Volatility Rank & Model-Free IVR" and "IV Rank & IV Percentile". This specific script provides you with 4 different types of volatility data: 1)Implied volatility, 2) Implied Volatility Rank, 3)Implied Volatility Percentile, 4)Skew Index. 1) Implied Volatility is the market's forecast of a likely ...

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FRM: Implied volatility smile - YouTube

A plot of implied volatility (i.e., the volatility that forces the BSM model option price to equal the observed market price) against strike price. The smile... - Define volatility smile and volatility skew. - Explain the implications of put-call parity on the implied volatility of call and put options. - Compare the shape of the volatility smile (or skew ... In this video we discuss the concept of volatility smile. We also figure out how to use the Black Scholes model to calculate implied volatility, what are its... Volatility smile Volatility smiles are implied volatility patterns that arise in pricing financial options.In particular for a given expiration, options whose strike price differs substantially ... https://sites.google.com/view/vinegarhill-financelabs/black-scholes-merton/volatility-surface https://sites.google.com/view/brian-byrne-data-analytics/volati...

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