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crypto currency

How to use CryptorDex (DEX)

Tools you need to use the DEX

You need ether (ETH) and wrapped Ether (wETH) to buy & sell on the DEX exchange, as ETH and wETH is how you pay for transactions. Learn more about wrapped tokens here. You also need an ERC20 compatible wallet in order to use the DEX. We recommend Metamask.

Log into your wallet and connect it to the DEX by clicking on your wallet address that should occur in the menu at top right corner of the DEX. (Note: You need to be logged into your wallet in order to use the DEX.) You will then get a new menu, at the top of the menu click on “my wallet”. You should now see the listed tokens and your holdings of each of them.

If you already have ETH and wETH in your wallet, you are already set to begin. If not, this guide will explain how to buy both ETH and wETH under.

You are now ready to do transactions like buying and selling tokens on the DEX.

How to Unlock tokens in your wallet

You will need to unlock the token you want to sell or use as payment in a swap, so the system can take it from your wallet. On the 3rd row in the menu from the right you have “Locked?”. Click on the “lock” symbol beside the token you want to unlock. Your wallet will ask for a confirmation of the unlock, and you will need to confirm in order to complete the unlock. The lock symbol should now disappear from that token.

How to buy / sell ETH and wETH

If you have ETH, you can then buy wETH on the DEX by converting ETH to wETH by using the mall menu that now should be present up in the top left corner of the DEX. 1 wETH has the same value as 1 ETH. fill out how many ETH you want to convert to wETH, it will then give you the total transaction value including commission. Complete the transaction by clicking on “convert’. If you have wETH you can also convert to ETH using this menu.

How to send tokens

On the right side you have buttons for sending tokens or buying tokens. If you want to send some of your BIB tokens to another wallet, click the “send” button beside your holding of BIB tokens, and you get up a small form where you fill out the address of the wallet you want to send your BIB token, as well as the number of BIB tokens you want to send. The necessary ETH gas will be taken from your wallet when you initiate the transaction.

How to buy tokens

If you want to buy tokens click on the “buy” button beside the tokens listed that you want to buy, you will then get up a small form where you fill out the order details like the number of tokens you want to buy. To complete the transaction click on the “buy” button at the bottom of the form.

Buy ETH or other crypto currencies / wrapped tokens using credit card (with KYC)

How to buy ETH or other crypto currencies, using your credit card (Will include KYC – Know Your Client to be filled out).

In the top right corner, 2nd from right, click on “Buy ETH” and you will get up a small form where you fill out the amount of USD you want to use for buying ETH. A summary will show the exchange rate of ETH and how much ETH you get. Follow the guidance in order to fill out the KYC information.

Still on the small form, click at the menu in top right corner, and you get the option to buy other crypto currencies / wrapped tokens like ADA. BCH, BTC, LTC, USDT, XRP, etc. (More than 30 different cryptos).

How to swap tokens and tokens that are listed on the exchange?

On the menu up in the top right corner click on “swap”. You get a new screen where you can swap ETH with any of the tokens. Select the token you want to swap buy using the menu up in the top left corner. A small form in the middle of the screen shows the price used and how many tokens you get for the swap. Fill out how many tokens you want to send, and the number of tokens you receive will occur on the form. Click “swap” to complete the transaction.

Decentralized Finance (DEFI)

On the menu up in the top right corner click on “DEFI” and you get up a new screen with options to borrow tokens and put up tokens as collateral, giving you the possibility to leverage your trade. Unless you are a skilled trader, we do not recommend that you use leverage in your trading. 

Buy crypto to your wallet using bank transfer (Includes KYC)

On the menu up in the top right corner click on “FIAT” and you get up a new screen / form where you can buy crypto currencies. At the top of the form select the currency you want to use for purchasing crypto currencies, like USD, GBP, etc. as well as the amount you want to use for buying crypto. 

Next choose the crypto currency / wrapped token you want to buy like BAT, BTC, ETH, USDT, etc. In the form, the amount you get of your selected crypto currency that you want to buy should now occur. Click the “buy now” button to complete the transaction.

Price chart of your token

Click on “CryptorDEX” up in the top right corner and you get a screen of the listed tokens. Click on the token you want displayed with a price chart. You will then get a price chart covering the last 3 months of trading.

Over the price chart you have a menu with the following items Day, Candles, Compare, and Indicators (Technical Indicators).

Technical Indicators

Click on “Indicators” if you want to select the technical indicators to use in order to analyze the price chart like “accumulation / distribution”, “average true range”, etc. in alphabetic order. Search for the indicator you are looking for like RSI (Relative Strength Indicator”. You can learn more about technical indicators used for analyzing price structure on our investment website Elliott Wave Technician here.

Buy or Sell tokens

On the right side at the bottom, you should now see a form where you can initiate a “buy” or “sell” transaction for the token you look at in the price chart. The current order book / transactions occurs in the top half of the form.

In the form for ‘buy’ and “sell” orders, fill out the number of tokens you want to buy or sell, and the price in ETH. The calculated price should now occur at the bottom line. Remember to choose if you order is at “market” or on “limit”.

Market orders allow you to trade a token for the going price, while limit orders allow you to name your price. However, remember that newly listed tokens has yet to establish a market and the liquidity is low, then prices can swing widely. In this case use “limit” in order to control the price you buy or sell for. Click on the buy / sell button to complete the transaction. Remember if you are buying using ETH to pay, ETH need to be unlocked in your wallet before you initiate the transaction. If you are selling a token it needs to be unlocked before you can initiate a sell transactions.

Geir Solem

Overview of wrapped tokens

Description of wrapped token

A wrapped token is an asset hosted on the Ethereum blockchain with a price that is the same as another underlying asset, even if it’s not on the same blockchain or on a blockchain at all.

A wrapped token is an ERC-20 compatible token with a value identical to another asset that it represents, either through a smart contract or by being backed one-to-one with the underlying asset. 

Wrapped Bitcoin, for instance, is a token worth the same as one BTC at any given moment, as a smart contract algorithm reproduces its price in real time and regulates the underlying fund with supply and demand information gleaned from user transactions. In exchange for their money, wrapped token users get an equivalent amount of value “wrapped up” in an asset that’s more easily mobilized by decentralized applications (DApps).

Wrapped Ether, is a token worth the same as one ETH.

Types of wrapped tokens ?

Because Ethereum is the biggest DeFi ecosystem, wrapped tokens are often those hosted on other blockchains but are also stablecoins that are pegged to the dollar.

Many of the first wrapped assets were, in fact, fiat-backed stablecoins, such as tokens with prices pegged to the dollar — Tether, Coinbase’s USDC or TrueUSD. There are also euro, yen, yuan and countless other fiat stablecoins that are mostly based on the Ethereum blockchain. 

The Wrapped Zcash token (coming), a privacy coin, will provide Ethereum DApp users with the coin’s anonymity advantages, plus a reliable way to invest in Zcoin, thereby boosting its market.

Wrapped Zcash is a way for Zcash to be used within financial applications built on Ethereum — it opens a bridge from one ecosystem to the other. This two-way street benefits both Zcash and Ethereum users, as Zcash users are able to transact and invest within the many decentralized financial applications built on ETH.

This integration also brings an effect on the supply and demand for Zcash, which could prove a significant tailwind. For Ethereum users, the privacy benefits of Zcash enabled by its z-addresses and t-addresses provide new ways for decentralized finance (DeFi) applications to limit the publication of identifying information held in transaction data while still passing auditory and compliance standards.

These are backed accordingly via the reserves, with coins fed in according to the demand of online crypto exchanges and larger institutional investors who want to quickly exchange fiat money into crypto and manage their money within a given platform. This makes it as easy to deposit dollars into DeFi applications and blockchain wallets as it does to have a reliable counter currency providing traders relief from crypto asset volatility.

Blockchain interoperability

Other cryptocurrencies are beginning to launch wrapped versions of their tokens on Ethereum in larger numbers, with interoperability (The ability to share information across different blockchain networks, without restrictions) a vital consideration for solutions that want to be taken seriously.

Currently, one blockchain has no knowledge of information that might exist in a different blockchain. For instance, the Bitcoin (BTC) blockchain exists fully independently of the Ethereum (ETH) blockchain — in the sense that it has no knowledge of any information recorded there — and vice versa. Blockchain-based projects are isolated from each other, despite existing within the same industry and working with the same technology.

The crypto industry involves “a series of unconnected systems operating alongside, but walled from each other”. Blockchain interoperability is the ability to exchange data between different blockchains seamlessly, as if there were no boundaries.

Geir Solem

Will the Bitcoin Bubble Pop in 2018? What You Need to Know

As the end of 2017 approaches and we all look forward to a new year, many are looking back at 2017 wishing they had started the year with an investment in Bitcoin. On January 3rd of 2017, Bitcoin passed the $1000 USD per BTC value. For many, that was simply too much to gamble, and many would-be investors were too afraid that the Bitcoin bubble would pop and market value would retract. How wrong they all were.

As of November 30th, 2017, less than 11 months since breaking that price point, Bitcoin broke another milestone by hitting a market valuation of nearly $11,000 USD per BTC on all major exchanges. Those same investors are kicking themselves, realizing that they very likely missed an opportunity of a lifetime, while those who did invest are enjoying a highly profitable year. Bitcoinplay  facts on market value tell us that not only is this rapid growth nothing new, but it has been consistent since 2010.

In 2010, a $100 USD investment would today be worth well over $10 million and that number is rapidly growing. With so many now aware of the Bitcoin mega-wave, many are asking, is it the right time to enter the Bitcoin market and will 2018 be the year the Bitcoin bubble pops? Here is what you need to know in regards to Bitcoin’s potential in 2018.

The Two Sides of the Fence

There are really only two sides to the Bitcoin fence. The first is the growing group of investors that have managed to go against the obvious mainstream predictions and who are now are making a killing in the cryptocurrency world. The other is a group that is still convinced Bitcoin is a bubble that will eventually pop at some point. Early adopters and neo-rich Bitcoin millionaires who have already made small fortunes on the famed currency lead the first group. The second is led by old-school investors that remain attached to dated theories, failing to see the intrinsic value of Bitcoin. Both sides of the argument have valid reasoning based on their paradigms. However, only one is cashing in, and that would be the adopters.

2018 Predictions

Though the second group’s overall predictions for Bitcoin may eventually prove to be accurate, Bitcoin in 2018 is likely still a good investment. A bubble is based on demand and until that demand has hit its maximum, the bubble will continue to grow. Bitcoin is still highly under-adopted and increasingly more people are joining the Bitcoin bandwagon on a daily basis. It is highly unlikely that, in 2018, the maximum for Bitcoin will be reached. As such, it is more likely that Bitcoin will continue to grow through 2018.

2018 Growth Rate

Based on 2017 growth rate and current adoption levels, it is not likely that Bitcoin will continue to grow at its current pace. That being said, however, its market adoption does remain unchanged and legislation or other external factors remain consistent. Most of the Bitcoin investors that are on the pro-side of the Bitcoin phenomenon predict approximately half the growth in 2018 as 2017. If that prediction was to hold accurate, a $50,000 BTC market value for Bitcoin should be reached towards the end of 2018.

Bitcoin is highly volatile and these predictions are just predictions. The two main things to remember if you are planning to invest is, firstly, whether you think Bitcoin has reached its market adoption saturation point or not. If you think Bitcoin will continue to attract more users in 2018, then investing in Bitcoin is probably the right move. If you think the bubble will burst and Bitcoin has reached adoption saturation, then Bitcoin wouldn’t be a good investment.

Whatever your prediction for Bitcoin in 2018, educate yourself and only invest what your willing to lose in the worst-case scenario. Secondly, remember the old adage: no risk, no reward. Is Bitcoin worth the risk to you? Even if you think the bubble will eventually pop, the real question is, do you think you could get in and out in time to make a decent profit? For many, that answer is yes.

Decentralized Exchanges

Created in 2008 by the pseudonymous computer programmer Satoshi Nakamoto, bitcoin is digital money that’s tracked via a public ledger and controlled by no central bank, corporation, or individual.

Image courtesy of Wiki Commons

It’s a peer-to-peer currency based on the blockchain running on the internet that allows its users to transfer value with no central authority or third party involved. Since a network of distributed and mostly anonymous miners are all in charge of processing the transactions, we avoid problems like censorship and fraud.

The automated issuance mechanism of bitcoin through mining also seeks to remove the control of money printing from privately owned banks that lend money to the public at an interest, creating the debt based economy. The primary goal of Bitcoin, to return the control of money to its owners, is in a way lost with third party services.

With cryptocurrencies comes the need for exchanges, and centralized exchanges are easy to use, easy to access, and they provide advanced trading functionalities like margin trading and others.

However, they also represent a security risk for your funds. While some exchanges are better guarded than others, hacks are not an uncommon. There are a number or risks related to centralized exchanges like incompetence, bankruptcy, etc.

We need to exchange our currencies. There are certain items and services that we cannot buy with Bitcoin and in order to acquire Bitcoin or cryptocurrencies, most people have to exchange it for a national currency. Furthermore, some cryptocurrencies like Ether or Bitshares have special features or tools that are not present in Bitcoin. So how can we exchange our coins without entrusting them to a third party service? The answer lies with decentralized exchanges.

Image courtesy Wiki Commons

Decentralized Exchanges

A decentralized exchange is an exchange market that does not rely on a third party service to hold the customer’s funds. Instead, trades occur directly between users (peer to peer) through an automated process. This system can be achieved by creating proxy tokens (crypto assets that represent a certain fiat or crypto currency) or assets (that can represent shares in a company for example) or through a decentralized multi-signature escrow system, among other solutions.

This is an alternative to the current centralized model in which users deposit their funds and the exchange issues an IOU that can be freely traded on the platform. When a user asks to withdraw his funds, these are converted back into the cryptocurrency they represent and sent to their owner.

Advantages

The most important benefit to using a decentralized exchange over a centralized one is their “trustless” nature. You are not required to trust the security or honesty of the exchange since the funds are held by you in your personal wallet and not by a third party.

Another advantage to the decentralized model is the privacy it provides. Users are not required to disclose their personal details to anyone, except if the exchange method involves bank transfers, in which case your identity is revealed only to the person that is selling or buying from you.

In addition, the hosting of decentralized exchanges is distributed through nodes meaning that there is no risk of server downtime. To summarize,

  • No parenting by governments, banks and other institutions
  • Secure, no 3rd party involved
  • Set the unbanked free
  • Open, Transparent
  • Global, fast, efficient, 24/7
  • No identity theft
  • A platform for innovation

Disadvantages

Some decentralized exchanges require users to be online in order for an order to be listed and for the trade to take place, requiring users to perform certain actions like signaling that a payment was received.

Trading features like margin trading, lending and stop loss are currently not available in the decentralized model as they only allow the basic exchange of currency for a predetermined value.

Overview of decentralized exchanges

While there is still a way to go in order to build fully functional and convenient decentralized exchanges, there are several projects that have brought us the basic functions and an alternative way to trade currencies while keeping your funds safe from hacks, inside thefts and faulty business models.

Bitsquare is a decentralized open-source exchange that allows users to buy and sell Bitcoin for cryptocurrencies and national currencies without the need to entrust funds to third-party or middleman, meaning that the transactions occur directly between the buyer and seller. Bitsquare relies on a decentralized multi-signature escrow system to ensure that all trades are carried out honestly.

CounterParty is a meta-coin smart contract layer that embeds data into regular Bitcoin transactions. It allows anyone to issue assets or tokens inside of the Bitcoin blockchain. When trading assets for other assets, the Counterparty protocol acts as a decentralized escrow service that holds the funds until the orders are matched. When trading an asset for Bitcoin, the asset is held in escrow and the other user must make a manual bitcoin payment using the Counterparty wallet.

Waveplatform Waves Asset Exchange is allowing users to trade assets (including asset-to-asset exchange), fiat tokens, and cryptocurrencies.

Bitshares is a crypto platform with its own native currency, Bitshares. Using the Bitshares platform, users can trade BTS, Market Pegged Assets (a crypto asset pegged to another currency or commodity that always has 100% or more of its value backed by the BitShares core currency, to which they can be converted at any time) and User Issued Assets (assets that can be issued by anyone to represent shares, commodities, currencies and so on). Openledger is the Web-based version of Bitshares, running on the same underlying blockchain.

Nxt is a crypto platform (one of the first crypto 2.0 projects) that allows users to issue and trade assets. These assets, however, can only be exchanged for the coin NXT and not for other cryptocurrencies.

Komodo EasyDEX exchange will allow users to trade cryptocurrencies directly without resorting to proxy tokens, while the PAX (Pegged Asset Exchange), both being developed by the SuperNET and Komodo teams, allows users to exchange national currency assets with the privacy that zero-knowledge proofs provide.

Stashcrypto is built on the Open-Transactions financial cryptography platform, an extremely fast and low cost off-blockchain system based on signed receipts. When combined with Bitcoin, OT solves hard problems in crypto finance. Receipts in OT cannot be forged, and a user’s balance cannot be changed without his signature. OT is also able to prove all balances, as well as which instruments are still valid, without storing any history except for the last signed receipt.

Cryptor Trust is working on the CryptorDex, an open decentralized distributed platform for trading securities. Cryptor Trust plan to list their own investment entities on the CryptorDex exchange.

Conclusion

Decentralized exchanges provide global, frictionless value-transfers. Without decentralized exchanges, there will be intermediaries having control over the transfer of value.

Geir Solem

Bitcoin Is The World’s Best Performing Currency

Bitcoin is officially the world’s best performing currency of 2015.

During the last trimester, the most popular and widely used cryptocurrency overtook the dollar by a whopping 35%, leaving aside the strength experienced by the dollar (8.3% throughout the year).

The infographic below uses the U.S. Dollar Index as a benchmark to make the comparison against other 17 major currencies, precious metals (gold/silver) and the digital currency, Bitcoin.

bitcoin-best-currency-of-2015

 

Maximiliano Garcia
Cryptor Trust

BitCoin, Cryptocurrency, and Blockchain Technology

On behalf of Cryptor Trust Inc. I have the honor of arranging  and presenting this  insightful interview with Mr. Rob Chamberlain, an Economic Anthropologist and a well known expert in Crypto Currencies and Blockchain Tehnology.

Rob Chamberlain

Rob Chamberlain

The interview is conducted by Mr. Christoffer De Geer as a Q (Question) and A (Answer) session. This is the first time the interview is published.

Q: Please tell me a little about yourself.

A: I am 39 years old, and as you may have already ascertained am an Anthropologist.

Though I have studied and practiced in many fields of Anthropology, over the years, I have always found myself interested with Monetary Tokens (more commonly known as “Money”) of all types and forms, Monetary Systems, Systems of Trade and Exchange, Economics, and Commerce, and the like, which lead me to the Sub-Field that I am presently engaged in: Economic Anthropology.

I have had the pleasure of living in, and experiencing, many places and cultures around the World (including: the Netherlands, Malta, France, Mexico, and the United States of America; among others), but reside now in Canada [for the time being]. I was raised in Europe (the Netherlands, to be specific), and moved to Canada with my family in my late teens.

I enjoy travel, and continue to travel regularly. I have been self employed since I was 16 (at which time I had started a Computer Consulting Business, though that quickly became Finance and Business Consulting instead (seems I always had a knack for Finance Business)), and if everything continues as it is I should be retired at the age of 45.

Q: How did you get into crypto currency?

A: I have always been fascinated with the idea and concept of “Money” “Trade, Commerce, Exchange” “Property” and “Possession” (Possession, it is said, being the most ambiguous word in the English language), and I suppose that BitCoin is a natural extension of that curiousity. It is after all a means of transaction, payment, and exchange, and is in some form a type of ‘property’. In 2012 I first noticed that BitCoin existed, and I instantly started watching the chatter about BitCoin on various Forums (such as BitCoinTalk and the like). I bought my first BitCoin in 2012, and I have had BitCoin in my Wallet ever since. I find it a very interesting new technological development not only for the Monetary aspects, but as well for what cryptocurrency and blockchain technology have to offer in terms of future developments, evolutions, and further innovations and refinements of the technology.

Q: What are you currently involved with regarding crypto currency?

At present I have been mostly involved with discussing questions from parties looking to understand what BitCoin, Cryptocurrencies, and the Blockchain Technology, means and represents in terms of Present and Future Impact on Business  Processes, such as Billing, International Payments and Transactions, Currency and Exchange Liberalization, Political Implications, Commerce and Trade Implications, and the like.

Though BitCoin has been around since 2008, it was not until we were into 2013 before BitCoin started having any significant  ‘talk’ being generated around it. People, being naturally curious creatures, have been interested in the possibilities, potential, and opportunities associated with BitCoin, Crytos, and the Blockchain Technology, but are also concerned about the potential risk exposures involved, such as theft, criminal activity, loss of investment, liquidity, storage and transportation of value, and a myriad of other aspects and facets.

I have had enquiries from private individuals, business people, mid sized corporations, financial firms, banks,  international  organizations (NGO’s, Charities, Foundations, etc.),  government  officials and departments; all with one very basic questions:

“What are the implications of BitCoin over the next 10 years”.

My answer has been just as simple at times. Simply put, the  implications of BitCoin are Profound, for all of Human Kind,  everywhere; in and for everything.

We have reached a Pivotal Epoch, in my opinion, a true turning point, a transition from the Industrial Age which has dominated since the mid 19th Century, to beginning to truly embrace the Technological Age, for what and all it has to offer.

As from the abacus, to the calculator, to putting a man on the Moon, to the Internet, to Artificial Intelligence, BitCoin, Cryptocurrency and BlockChain Technology offers the same monumental point of change and advance; it is one more step towards advancing the whole and entirety of our collective civilization – for and to the benefit of all.

Finance is one of the Three Last Great Barriers to Liberty and Freedom (the other two being: 1) The perpetuated myth that Government is the only way in which Modern Society and Civilization can function (an absurd and ludicrous notion – especially when comparing a ‘system of administration’ to a ‘system of “governance”’ [there being of course a vast difference between the words ‘administration’ and ‘governance’], and 2) Unbiased Justice through a Fair, Transparent, and Wholly Trustworthy System of Justice, untainted by Influence, Power,

Profit, Greed, Corruption, and or Intimidation). Finance and “Monetary Systems” have been a means more so, more often than not, of social and socio-political control, suppression, and oppression (and notably so through such debt based monetary systems using financial instruments like Fiat Currencies).

BitCoin has the potential to change all of that. To break the shackles of that very suppression and oppression which today affects so many Hundreds of Millions, if not Billions of People around the Globe. BitCoin has the potential to shift the balance of power from Institutional Power and Influence to Individual

Power and Influence. To give back and restore a sense of Financial Dignity to the individual; something which for far too long has been denied to the masses. That is the potential, on just one level, that BitCoin and Blockchains might afford Humanity.

BitCoin was the first small step in what I believe will be a truly transformational journey, for each and every one of us. In 10 Years Cryptocurrency and Blockchains have every chance to have the same, or greater, impact on our lives, society, and civiliation, as the creation of Email had to the Postal Service, and the Fax Machine as compared to the Internet; in 25 Years Monetary Systems, Systems of Trade and Exchange, Systems of Transaction of Goods, Ledger and Recordation Systems, Everything You Know – Will – Be – Different – and, Unrecognizable relative to what we know today at the end of the year 2014.

Q: What crypto currencies, except bitcoin, are you interested in and why?

This is a both a great question, and a very difficult one to answer.

At this point in time let me say that I am of the opinion that they are “all the same”; relatively speaking. We are still at and on “Version 1” of the Cryptocurrency and Blockchain Technology. And, though there are many varieties and ‘brands’ of cryptocoins out there, and though some of them are niche marketed and promoted as a certain or particular type of ‘coin’ (ie: Country Coins like Aurora Coin for Iceland, and Canada Coin for Canada) to CureCoins and Energy Coins, etc.), there is very little that makes them truly unique and different from one another; aside the ’cause’ they represent. They are all copies, clones, mirrors, of the same initial idea – BitCoin and the BitCoin Blockchain.

Now, with the advent of Ethereum, and such other similar projects, there is real opportunity for us to enter upon a “Version 2” Scenario for Cryptocurrency and Blockchain Technology. Decentralized Autonomous Corporations, Smart Contracts, Smart Property, Open and Transparent Ledgers and Records, Smart Decentralized Stock Markets, and a wide and broad array of evolutions and innovations will be not only possible – but inevitable.

The technologies allow for a revolution in creative thought and in addressing many systems which today, by many standards, are archaic and outdated, or incapable of meeting the tasks assigned  to their management, oversight, and or preview.

Law is one of the ares where I think there may be a Huge and Fantastic opportunity for revolution with the Blockchain  Technology through Creative Innovation – Imagine – Justice,  without Human Corruption or Human Error. That would be a spectacular feat. Imagine Government and Administrations Systems which are open, public, transparent, and which could provide for an environment of less corruption, and the lessening, if not complete abolishing, of Human Influence, Interference, and or Corruption.

Imagine, a Voting System – Where a “Real Count” resulting in a “Real Result” occurred! Tremendous is the potential. The Future, today, looks – Spectacular.

Q: What aspects of this new technology are you most interested in? (for example: Smart Contracts, Remittance, Anonymity etc)

Flexibility, Scalebility, Specificity, Transparency, Efficiency, and Efficacy, all come to mind, not to mention Public Accessibility (which today may be a bit lacking and lack-luster, but in time it will grow, and I believe it will garner a strong and robust crypto community, as well as a diverse following of supporters and enthusiasts).

I am also interested in seeing what the Creative Human Minds out there will do with the Technology; and to see how we Humans will adapt to what they create.

I am most interested, however, in the Smart Property, DAC (Decentralized Autonomous Corporations), and Smart Contracts, aspects at the moment; as they offer a rather vast range of opportunity and potential for development across a wide range and cross section of Commercial, Financial, Business, Consumer, Trade, and ForEx(Foreign Exchange) interests.

The Disintermediation aspect of Cryptocurrencies, Blockchains, Smart Property, and Smart Contracts, is also fascinating.

For Example: To eventually be able, perhaps, to Notarize a Contract, Bill and Remit Payment, Settle and Resolve Disputes, Verifiy and Identify individual parties, all without the of a Traditional Intermediary such as a Lawyer, Notary Public, Court, Judge, Billing Company, Mediation Service, and the like, etc., –

The entire infrastructure of how we as a people, as nations, as individuals interact, conduct and transact in matters of commerce, trade, and exchange, just to name a few areas, has forever changed – effective as of 2008 with BitCoin’s release to the World. These technologies have not even begun to shine. But I could go on for a very long time about the Technology and it’s Implications, so let it simply suffice that: I am excited to see what the world will look like in 2025. Very excited.

Q: What do you believe the price of Bitcoin will be in the short and long run?

This question has been thrown around often. And the truth is: It is impossible to foresee or to yet conceive. It may be $1.00 or it may be $1’000’000.00; but it remains to be seen – Time Will Tell, or so it is said.

I am of the opinion that, relatively speaking, we are still in the “Cheer-leading” Phase. It’s a still very new and very emerging technology. And, a little cliquey and trendy. But, in 2 years or so we will start getting a pretty clear picture as to the rate of adoption of the technologies, and we will see what sectors, industries, and fields, are using and utilizing and innovating with the technology. We will also have a much more accurate set of charts, data points, information, and the like, from which to gauge and predict things like overall sentiment, volatility, stability, and the like; all of which we are missing right now. There is insufficient Historical Data to determine a trajectory which could be in any way considered either accurate or usable.

But the value, as far as I am personally concerned, is not so much in the Price of BitCoin, the token, it’s in the underlying Blockchain, and how it can be layered and manipulated. Blockchain is what we will have to watch.

Realistically speaking, at the moment, BitCoin is mostly a  speculative undertaking. There’s a lot of Hype and Hot Air about the prices going in no other direction except upward. This is a  naive and amateur view of BitCoin, Finance, and Investment and shows a lack of Economic and Financial Reasoning. Will it go up, possibly. Will it go down, perhaps. I do not however have a crystal ball, so that is all I can say on the matter of “Present and Future Value or Price” at the moment; I’ll have a better idea in March of next year, when the Christmas Season has passed.

Geir Solem
Cryptor Trust Inc.