Showing posts with label crypto si. Show all posts

Sunday 24th July 2016

This morning I had the brilliant idea of putting together a team of writers then publishing our content on steemit.com

Steemit.com is a crypto currency related social network, very similar to reddit, with the difference that good content gets paid in actual money, albeit Steem dollars. Easily convertable to Bitcoin or Fiat.


So during my lightning fast brainstorm I came up with a name STEEM TEEM, and a idea of how we will divide our earnings from the platform. Firstly why is it better to collaborate on Steem?
Steem power gives the writer of a post more exposure similar to a higher google ranking. However steem power is not free, it can either be earned or bought. The thing about using a collective to publish your posts, is that you will have the visibilty of the group for each of your listings instead of just being one in an ocean of new posts each getting very few views. Its beneficial to have great writers, because that will bring more upvotes and in turn more steem power and in turn more visibility, can you see how the vicious cycle grows and grows?

So I decided quite quickly that the first 3 posts a writer donates to the STEEM TEEM will add exclusively to the steem power of the collective, After that the writer will keep 70% of the steem dollars earned, with the other 30% being divided between Crypto SI, Steem teem Shareholder (to be explored later) and more steem power, I really cant emphasise how important steem power is to visibility.



I thought also about selling upvotes when, the STEEM TEEM vote becomes powerful enough, this may take a while and has ethical implications, but all can be explored at a later date.

Shareholders, I thought of having an equity sale which can go towards purchasing steem power and reward the investors in the steem teem with a regular dividend (monthly) from a percentage of the money raised by our bloggers. This also gives the bloggers a chance to own a portion of the project if they can see a long term future for it.

I havent seen anything like this yet on steem, but its only a matter of time, the real challenge will be if its shunned on the platform or steps are taken to downvote collaborative posters. Its a small risk and worth taking in my opinion.

I currently have just over $1k worth of steem power, which is enough to get a small amount of traction, so I'm pretty much ready to get this project started tomorrow

If you'd like to recommend a blogger or vlogger to the STEEM TEEM, feel free to message me
cryptosixxx@gmail.com
or you can find me on twitter @crypto_si
instagram @mrcarlanthony

Let me know what you think of this musing in the comments below.

Sunday 24th July 2016 This morning I had the brilliant idea of putting together a team of writers then publishing our content on steemit.c...


So you've heard about Bitcoin and you are wondering how you can make money from it?

The first thing you will read about is 'mining' and that is not nearly as productive as it used to be, also you need to take into account the price of mining equipment, then there is cloud mining which I've not yet invested in (and am very sceptical of). You could just hoard Bitcoin and wait for them to raise in value, but I think its a good idea to diversify.

So a good choice is to invest in assets which produce a dividend, these assets are 5 that I personally have invested in and would recommend for various reasons, but the main things to be considered when buying an asset are : The development team behind the asset, The ROI, The ease of use, Potential for capital gains. I have rated each asset on these factors.


So  without any further adieu and in no particular order here are the Crypto S.I Top 5 for Autumn 2015

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Dash Masternode    

At a cost of 1000 Dash which is the equivalent of 10.2369BTC ($2405), This is by far the most expensive asset on this list, however it also has the best development team behind it. Dash formerly known as Darkcoin is the 6th most popular of all the alternatives to Bitcoin and has remained popular thanks to leading features such as DarkSend and InstantX which provide anonymity and near instant transactions respectively. Also bear in mind that (allegedly) Bitshares and Ripple both have the means to manipulate their market value so that would make Dash 4th.

A Masternode is an integral part of the network and can be set up quite easily by following one of the various tutorials that can be found online (Here's the best one), once you have staked the needed 1000 Dash you can expect to earn DASH daily, The figures vary depending on many things but I calculate it to be around 15-25% per year. 

There are some people who are getting together on the Dash Forum here and sharing the cost of a masternode, so you could own a 10th of a masternode for 100Dash, this is a good idea, but you need to be aware of who you are investing with and do your due dilligence.

The development team behind the asset : 8/10
The ROI   6/10
The ease of use 3/10
Potential for capital gains 8/10
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BtcPop are a UK based P2P lending company, but that's not anything unique. The Thing about these guys is that they offer shares in their own platform, This is exciting, as short term loans is a massive industry in UK let alone worldwide.

On the BTCPop platform you can buy shares in both BTCPOP and Ardeva (A well known ID verification company), The dividend is paid directly into your btcpop wallet on the 1st of every month and you are free to withdraw it immediately or buy more shares. Since being introduced the shares have risen in value, and in a blossoming industry I can only see this trend continuing. 
Dividends are a direct portion of the revenues that these companies make.

The development team behind the asset : 8/10 (ArdevA 9/10)
The ROI   4/10 (ArdevA 2/10)
The ease of use 8/10
Potential for capital gains 8/10 (ArdevA 9/10)

 *between starting this article and publishing it I realised Btc pop shares had almost doubled in value during the month of September, and Ardeva shares had quadroupled, Looking at the lack of shares for sale I can see the prices only rising especially when Ardeva start paying a worthy dividend (although exactly how they will monetise is a bit of a mystery to me, the same was said about Google in 2001)
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These next two assets come from the NXT ecosystem, which as far as I'm concerned is the first and still the best Bitcoin 2.0 project. NXT is the only real competitor to the much anticipated Ethereum, although they are quite different, NXT benefits from having a fully functional decentralised platform, There are loads of features of NXT that you may find interesting such as proof of stake, NXT-Freemarket (which is a working competitor to OpenBazaar) and the amazing 'Supernet'.

The best thing about NXT is that it is decentralised, but you do not need to download an entire blockchain to use it. The 2 assets that I've chosen on the Nxt platform are both available on the asset exchange and they are:
MMNXT 979292558519844732 assetid - A market making assets which makes a steady daily profit, dividend is paid weekly every friday. It's around 0.5%-1% depending on how much money the fund has generated.
Coinomat 7474435909229872610 assetid - A rival to the heavily funded Shapeshift.io, Coinnomat is a simple hassle free way to trade crypto currencies without having to sign up and trades are completed within minutes. The interface (website) is arguably not as slick as Shapeshift, and the platform definitely has less funding, but we can all buy into this platform for as little as we like, whereas Shapeshift is having funding rounds via Bnktothefuture with a much higher minimum buy-in. A small fee is charged per transaction and a percenttage of this is is given as a dividend to shareholders, this is not always paid on time and obviously would change depending on the success of the service.

The development team behind the asset : MMNXT 7/10 (Coinomat 6/10)
The ROI   MMNXT 7/10 Coinomat(6/10)
The ease of use 8/10    -- tutorial can be found here 
Potential for capital gains 8/10 (Coinomat 9/10)
* I have given Coinomat a 9/10 mostly based on my view that trading between cryptocurrencies in this frictionless way will see a huge explosion in traffic sooner or later, no matter which altcoin comes to prominence, even if one of these recently touted nonsensical bank sponsored blockchain projects achieves critical velocity 

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 So that's my top 5 for autumn 2015, this is by no means an exhaustive list of whats available, and I invite you to comment on any that I've missed out, I also want to give a special mention to SuperNet and CounterParty as they are introducing plenty of new assets, It's also worth noting that Some very exciting projects Pangea, Augur and Ethereum are nearing completion and may well feature next season, if you want to be ahead of the game then check out the links.

I also have not included BTCPop trusted investment pool, which is guaranteed and pays out every few days.

This is my own personal view, I do hold shares in each of the assets, and you should take financial advice before risking your funds as their value can go up or down. I think that qualifies as a responsible disclaimer.

Follow us on twitter @crypto_si

Thanks for reading and good luck!

So you've heard about Bitcoin and you are wondering how you can make money from it? The first thing you will read about is 'minin...

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