Crowdfunding: Are there still serious ICOs?

Initial coin offerings (ICOs) have been an extremely popular method of raising funds at the very beginning of a project since the crypto currencies began. But even though this has worked wonderfully with many cryptos so far, it is unfortunately the case that the majority of ICOs in recent years have often been misused for exit scams or snowball systems (see: Bitconnect). For example, a study published in 2017 found that about 80 percent of initial coin offerings were not carried out in a serious manner. The study was commissioned by the ICO advisory company Satis Group.

However, there are still serious Bitcoin secret projects that prove that ICOs cannot be written off for a long time yet

Sponsored Posts are paid items for the content of which the advertising companies are solely responsible. BTC-Echo is not responsible for the promised services or Bitcoin secret investment recommendations. Although about 80 percent of the ICOs in recent years were organised with fraudulent intentions, this information by onlinebetrug also shows that about 20 percent of them were carried out in a serious manner. This aspect is particularly important because it represents a significant number of initial coin offerings that set a positive example by ensuring that all processes were conducted in a fair, reputable and trustworthy manner.

Why is it so important to emphasize this cryptosoft aspect?

Quite simply, ICOs, if initiated by a reputable cryptosoft vendor, are an excellent opportunity to be among the first to invest in a promising cryptosoft project.

Examples of this now exist in large numbers: NEO (NEO) is worth mentioning here, for example, which could be acquired at the time of the ICO for 3 cents and over time reached a maximum value of about 190 U.S. dollars. This corresponds to a 6,000-fold increase in value.

The same can be said for Ethereum (ETH), now one of the most successful crypto currencies: This was still available from the ICO at 31 cents and in January 2018 finally reached an all-time high of over 1,400 US dollars, which represents an increase of 4,500 times.

Spectrecoin (XSPEC), a crypto currency that has not yet achieved the same popularity as the two above-mentioned examples, can also definitely be seen here: While the ICO is offered at a price of 0.0001 cents, the currency reached a whopping 6.50 US dollars in between, which represents an incredible increase of 65,000 times.

IBM: Blockchain Cooperation with India’s Telecommunications Providers

IBM wants to prepare Indian telecommunications providers for the fourth industrial revolution. The responsible regulatory authority TRAI has also recognized the potential of blockchain and DLT.

While crypto currencies have a hard time in India, the government around Prime Minister Narendra is very sympathetic to blockchain technology. Modi not only wants to push the cooperation of the BRICS states in this area; in addition, the World Economic Forum in Maharastra opened a “Center for the Fourth Industrial Revolution” in October.

Indian interest in distributed ledger technology has also brought technology giant IBM onto the cryptosoft scene

The US company is currently working with Indian cryptosoft telecommunications companies on blockchain solutions for the country’s huge telecommunications market. Here is the review by onlinebetrug. This was reported by The Economic Times on 12 December.

“We have completed the proof of concept and pilot projects with all major telecommunications providers and with TRAI in this area,

Sriram Raghavan, CTO of IBM India and South Asia, told the Economic Times. TRAI, or The Regulatory Authority of India, is the Indian regulatory authority for telecommunications. It met with the companies involved on 10 December to discuss the next steps. A TRAI official told the Economic Times:

“[…] Telecommunications service providers are now in the process of updating their providers.”

First Step: Do-Not-Call-Register
Both IBM and TRAI have so far been silent about which providers are meant by this. In the coming months the first Blockchain and/or DLT products are to come on the market. First, the national Do-Not-Call database is to be converted to DLT. Customers who do not want to receive calls from telemarketers can register their telephone numbers there.

One thing about crypto trader is certain:

The telecom crypto trader companies of the subcontinent can certainly tolerate a fresh cell cure as seen on: http://www.onlinebetrug.de/crypto-trader-scam Despite its immense size, the Indian mobile phone market is not considered to be very lucrative. The reason for this is the low prices. However, there is still enormous growth potential in the area of network coverage. 70 percent of India’s population lives in rural regions. Only 58 percent of the country is covered by the telecommunications network.

Resistance to censorship

A central value proposition of Bitcoin is its resistance to censorship attempts by central authorities such as governments, authorities or institutions. Even though possible attack vectors exist (the prohibition of Fiat crypto exchanges would be one), the decentralized nature of the network makes the prohibition of the crypto currency crucially difficult.

The example of Iran and Venezuela shows that Bitcoin’s resistance to censorship is more than just an old wives’ tale that is always tried to emphasize the advantages of the crypto currency in bad times. The reason why BTC-ECHO also regularly reports on developments in countries with dysfunctional currency systems is that these countries are suitable test cases for testing Bitcoin’s value proposition using real examples.

And see the news spy: the demand for BTC in Iran and Venezuela is actually increasing

Although the news spy and the Bitcoin government in both countries is not well-disposed towards Bitcoin, the citizens seek their salvation in mining and buying Bitcoin according to the news spy. In Venezuela even with the risk of being arrested.

In states whose currency is shaken by hyperinflation, BTC can be an exit strategy. Because “censorship resistance” means that the seizure of Bitcoin is complicated.

Even proof of Bitcoin secret is difficult to produce

Keyword: Bitcoin secret. At this point, however, it must be stated that Bitcoin secret is also difficult to ban. In practice, however, governments can make it much more difficult to acquire gold with the help of capital controls. The Indian Gold Control Act is an example of this. Undecided.

Liquider

Gold has a millennia-long tradition as a means of payment. Since the dissolution of the gold standard in 1971, however, the use of gold as a means of payment has been a thing of the past. Since then, investors have largely used gold as a store of value and an object of speculation.

BTC, on the other hand, still has its future as a means of payment ahead of it. With second-layer solutions such as the Lightning Network, use as a means of payment is conceivable.

In practice, even in the gold standard, payment was usually not made with physical gold units but with gold-collateralised debt securities. Nevertheless, I rate Bitcoin’s liquidity higher at this point. Unlike gold, global payments can be booked within minutes – a value proposition with far-reaching implications for the financial sector.

Clovr study: media attention strongly dependent on Bitcoin course

Clovr, a start-up operating in the field of eSport, publishes an extensive study on media coverage of crypto currencies. The authors of the study discuss, among other things, the connections between the Bitcoin course and the media presence of crypto currencies. Further the trend goes according to report clearly toward a balanced reporting. The results at a glance.

Bitcoin revolution and media attention

In the first section, the authors examine the relationship between the Bitcoin revolution and the frequency with which it is mentioned in the media. Here is the review about the Bitcoin revolution. The result is not surprising. The amount of contributions on the topic of crypto currencies is proportionally dependent on the course. This apparent correlation is illustrated by the following graph:

How fine this dependence actually is, however, is astonishing. Even small price fluctuations are visibly associated with a reaction on the part of media attention.

Only after the crash in January 2018 did an anti-proportional picture emerge: Contrary to the share price trend, the number of reports on Bitcoin shot up during this period. By the way, we can observe this phenomenon again today.

Positive vs. negative reporting of the Bitcoin loophole

In this section, the authors compare the proportion of positive and negative reporting of the Bitcoin loophole. The result: https://www.forexaktuell.com/en/bitcoin-loophole-scam/As can be seen in the graph, a decreasing polarization has been observed since 2013. While the reporting at the beginning of the study in 2013 was either positive or negative, this trend gave way to a more balanced media attention.

The authors explain this with a growing technical understanding of the media: “If the technology becomes known, fluctuations in praise and criticism could become less frequent.

According to the study, how the media houses have set their focus depends first and foremost on the target group. Magazines such as Forbes or the Business Insider appeal to a young, technology-oriented audience and tend to report positively about Bitcoin & Co.

CNBC, however, has shown a quite balanced relationship between positive and negative reporting: About 53 percent of the articles were positive, while 47 percent were negative.

On the other hand, according to the study, there are media houses that are extremely critical of Bitcoin:

“Still other media tended to report with greater scepticism (‘The Wall Street Journal’, ‘Gizmodo’) or open criticism: ‘Breitbart News’ and ‘Raw Story’, targeting polarising opposites within the American political spectrum and together making only one positive contribution to 91 negative articles’, the study says.

Conclusion: Who you believe in, you decide for yourself
In the end, the authors point out that the study shows one thing above all else: Each phenomenon can be viewed from different angles. The attitude you adopt depends not least on the media you consume. A critical reflection of media reporting is therefore indispensable.

Responsible media consumption is important in order to develop a balanced stance on the subject of crypto currencies. BTC-ECHO is a good start.