How Ex-Facebook And Google Employees Are Uniting To Battle The Monsters They Created

How Ex-Facebook And Google Employees Are Uniting To Battle The Monsters They Created

The fightback has begun, at the new Centre For Humane Technology

In December 2017, Facebook's former vice-president of user growth Chamath Palihapitiya confessed to his "tremendous guilt" over creating "tools that are ripping apart the social fabric of how society works." 

His comments followed former Facebook president Sean Parker, who the previous month criticised the site's lack of social responsibility, arguing that from the beginning it exploited "a vulnerability in human psychology" adding "God only knows what it’s doing to our children’s brains."

They're part of a broader trend of former Silicon Valley big shots turning their back on the behemoths they helped create, as the debate around social media ethics and the societal cost of addictive technology continues to grow.

Now, a cohort of such rebels have united to form an action group with the specific aims of holding tech-giants like Google, Facebook, Twitter, Snapchat and YouTube to account.

The Centre for Humane Technology wants to reverse the 'digital attention crisis' and 'realign technology with humanity's best interests'. Their team includes former Google Design Ethicist Tristan Harris, former Mark Zuckerberg advisor Roger McNamee and former head of user experience at Mozilla Aza Raskin, to name a few.

"What began as a race to monetise our attention is now eroding the pillars of our society: mental health, democracy, social relationships, and our children," the group argue, as they take aim at everything from Snapchat supposedly redefining how children measure friendship to Instagram glorifying a non-existent 'perfect life' to Facebook's much-reported tendency to segregate us into political echo chambers.

But how? The Centre for Humane Technology aims to lobby governments and try to persuade technology companies like Apple, Samsung and Microsoft to pursue 'humane design practices'. They will also launch an anti-tech addiction campaign at 55,000 schools across America called 'The Truth About Tech'.

The emergence of the group is the latest blow to tech companies who have been facing continued criticism over their lack of corporate social responsibility. Facebook has recently been forced to admit they sold $100,000 worth of adverts to fake Russian accounts in order to influence the 2016 US election, and last year both Facebook and Twitter agreed to hand over information to the Commons watchdog committee in order to aid an enquiry into Russian-sponsored pro-Brexit accounts, which may have aided the Leave vote during the referendum.

Add to that the criticism Facebook faced over their controversial live function, which not only hosted streams of suicides, rapes and the murder of an 11-month-old girl, but raised ethical concerns about welfare of employees bought on to monitor this content.

"Facebook appeals to your lizard brain — primarily fear and anger," said early Facebook investor and advisor to the Centre, Roger McNamee. "And with smartphones, they've got you for every waking moment."

Could a resistance be on the horizon? 

More like a replacement with something for the people, buy the people and of the people, something exactly what Markethive is and about time.

 

Deb Williams (hodlthrive)

Adobe buys Marketo: Who wins who to watch

Adobe confirms it's buying Marketo for $4.75 billion

  • Vista Equity Partners bought Marketo for $1.8 billion in 2016, taking it off the Nasdaq after an initial public offering three years earlier.
  • Marketo's customers include Eventbrite, GE and Kaiser Permanente.

Adobe on Thursday announced that it's acquiring Marketo, a company that sells marketing software, from Vista Equity Partners for $4.75 billion.

The move could have implications for other competitors like HubSpot, Oracle, SAP and Salesforce.

Earlier on Thursday CNBC reported that Adobe was close to announcing the deal.

"Adding Marketo's engagement platform to Adobe Experience Cloud will enable Adobe to offer an unrivaled set of solutions for delivering transformative customer experiences across industries and companies of all sizes," Adobe said in a statement.

Marketo was founded in 2006, went public in 2013 and was acquired by Vista for $1.8 billion in 2016. Marketo's customer list includes Canon, Charles Schwab, Eventbrite, GE, Microsoft and Hyundai. Marketo's CEO, Steve Lucas, will continue to lead the company inside Adobe's Digital Experience group and will join Adobe's senior leadership team, the statement said.

Lucas talked about the opportunity of the unification of Adobe and Marketo's technology in a blog post:

The combination of Marketo and Adobe's Experience Cloud will form the definitive system of engagement for B2C and B2B enterprise marketers. Marketo's exceptional lead management, account-level data, and multi-channel marketing capabilities will combine with Adobe's rich behavioral dataset to create the most advanced, unified view of the customer at both an individual and account level. The result will be an unprecedented level of marketing engagement, automation, and attribution power, all with a goal of delivering end-to-end, exceptional experiences for our customers, where and when they want them.

Adobe stock is up 78 percent in the past year. The majority of Adobe's revenue comes from its Digital Media business, which includes the Creative Cloud software. Marketing software is included in the Digital Experience business, which generated $614 million in revenue in the most recent quarter, with 21 percent growth year over year.

Adobe's software has proven useful for marketing directly to consumers, while Thursday's statement emphasized that Marketo offers marketing tools to people working inside of businesses.

Both companies have many customers in common, Adobe CEO Shantanu Narayen said on a conference call with analysts following the announcement of the deal. "It was clear [that] joint customers were looking for this integration," he said.

Marketo improved its go-to-market approach during its time as a private company, Narayen said.

Article from

 

Jordan Novet
Technology Reporter for CNBC.com

 

Deb Williams (hodlthrive)

Crypto Winter Isn’t Fatal For All Picks and Shovels’ Makers

Crypto Winter Isn't Fatal For All ‘Picks and Shovels’ Makers

  

Executives say key infrastrucute is continuing to be built
Dropping equity valuations also attractive buying opportunity

The crypto winter that’s seen major digital assets crash by as much as 90 percent hasn’t been bad for all of the firms building infrastructure or investors looking to pick up equity in projects that dropped appreciably. "This is the most productive phase we’ve ever been in," said Konstantin Richter, chief executive officer of Blockdaemon, a firm that creates and hosts the computer nodes that make up blockchain networks. That’s because various efforts in the space need to deliver on their ambitions and are turning to firms like Blockdaemon for help. "Projects now need to show their colors. The time is up of raising a lot of money and talking a lot of talk," Richter said at a panel discussion hosted at the Los Angeles bureau of Bloomberg News.

After seeing cryptocurrency prices soar to records in late 2017 and early 2018 — Bitcoin peaked near $20,000 and Ether traded over $1,300 — the market had a disastrous time last year. Bitcoin is down about 80 percent with Ether having dropped about 90 percent. Investors and the public appear to have major concerns about what blockchain technology can actually deliver in the real world after hearing promises of its transformational potential.

 

"The skepticism is warranted in many ways because this technology is nascent and untested at an industrial scale," said Adam Jiwan, CEO of Spring Labs, which is using blockchain technology to build a decentralized credit-reporting system. He said the shakeout has been good for picking up employees who have seen their funding dry up or been cut loose from development firms. "Our hope is this presents us with a great opportunity to recruit talent," he said during the discussion.

The rise and fall of digital currencies validated the approach at Maco.la, a Los Angeles based investment, advisory and recruiting firm, said co-founder and principal advisor Sheri Kaiserman. That’s because the firm decided at inception last year to make equity investments rather than buying initial coin offerings, she said.

"We felt like the best way to make money is to buy the infrastructure companies — the picks and shovels — that are helping build the foundation," she said. "They are coming down in valuation, which is the best part of the crypto winter for us," Kaiserman said. Maco.la is looking to invest in projects that avoid the repetitious work being done in the space at the moment as well as ones that have a high likelihood of being acquired, she said. "That’s why we focus on ones where we think Microsoft might be interested or that Google might be interested."

Blockchain, originally developed as the ledger technology that powers Bitcoin, is promising for corporations, if they can figure out how to use it. Proponents predict billions of dollars in savings by handling data and transactions more efficiently and rapidly. Yet most corporate efforts are still in early development or testing. Still, depending on when a blockchain startup raised funding, it could still have plenty of money to spend on development, Richter said. "There are projects that are so well funded they’ll last for years," he said. Any ICO that went before the summer of 2017, for example, may have been able to buy Bitcoin at $600 compared to its current value of about $3,600, he said.

Health Care

Kaiserman said blockchain has the potential to radically change how global payments are made, specifically remittance payments when you factor in that Western Union charges 8 percent to 10 percent to send money compared with "a nominal cost" of Bitcoin transactions. There is also the chance to use it to give 1.1 billion people a digital identity around the world who currently lack a documented existence. Her favorite use is in health care, she said.

"I would love to be able to go to a doctor and the knowledge of my insurance is on the blockchain" so that "the insurance company knows that’s a covered diagnosis and there’s no need for reconciliation because we’re all sharing this one ledger," she said. Spring Labs is advised by former Federal Deposit Insurance Corp. Chair Shelia Bair and former Goldman Sachs president and Trump administration chief economic advisor Gary Cohn. The firm avoided an ICO because they thought it would hurt adoption and risked regulatory scrutiny, Jiwan said. It’s working closely with regulators like the Securities and Exchange Commission to understand how to transition from a firm backed by equity to issuing a token that would be used on its network, he said.

In November, the SEC announced its first civil penalties against two crypto companies for allegedly violating securities offering registration rules with their ICOs. Both Airfox and Paragon Coin Inc. will need to pay $250,000 in penalties and register the digital tokens they sold through their ICOs as securities to resolve the matters against them, the SEC said Nov. 16. A few weeks later, commission Chairman Jay Clayton said cryptocurrency entrepreneurs should get their “act together” and register their initial coin offerings with the SEC if they want to avoid problems down the road. "There’s some important issues in terms of straddling the transition from security tokens to utility tokens," Jiwan said. "The SEC’s primary concern is speculation ahead of actually delivering a functional technology, which, by the way, is reasonable," he said.

Article Produced By
Matthew Leising

https://www.bloomberg.com/news/articles/2019-01-16/crypto-winter-isn-t-fatal-for-all-picks-and-shovels-makers

Deb Williams (hodlthrive)

BitMEX Research: ICO Tokens Allocated by Teams to Themselves Lost 54 of 24 Bln Value

BitMEX Research: ICO Tokens Allocated by Teams to Themselves Lost 54% of $24 Bln Value

  

The value of tokens that over a hundred of initial coin offering (ICO) teams have allocated to themselves has decreased by 54 percent from the initial figure of $24 billion. This was revealed in the latest research by cryptocurrency exchange BitMEX published Jan. 16. BitMEX has conducted a research of the ICO market in collaboration with analytics firm TokenAnalyst, looking into treasury balances of more than a hundred projects on the Ethereum (ETH) network. The analysis reportedly made use of machine learning techniques and was based on the interpretation of smart contract data and transaction patterns on the Ethereum blockchain.

According to the report, the combined value of all the tokens that the analyzed projects have allocated to their own teams, has gone down from $24.2 billion at the time of each individual token’s issuance to about $5 billion as of today. BitMEX cited the 2018 crypto bear market as one of the main reasons, along with $1.5 billion worth of transfers to external addresses,

further explaining:

“Based on current illiquid spot prices, the ICO teams still appear to own around US$5 billion of their own tokens, money they essentially got from nothing, depending on ones view. At the same time the teams may have realized gains of US$1.5 billion by selling tokens, based on coins leaving team address clusters.”

The report also highlighted that the historical combined peak value of the tokens controlled by the subject teams was more than $80 billion, using each coin’s individual price peak. The conclusion drawn by BitMEX and TokenAnalysits from their research is that the ICO market suffers from a lack of standards and transparency, especially in regards to allocating tokens to the founding teams. BitMEX noted that the analysis could be further complicated by the ability of ICO teams to mint, burn, buy, and sell their own tokens. As BitMEX found in November, at least 12 ICO projects, each of which has raised over $50 million via a token sale, have yet to launch. The company’s CEO Arthur Hayes commented back then:

Article Produced By
Ana Alexandre

Total change in her career took Anastasia into the world of analytics and business information as a researcher and translator in 2010. Some time later she got into FinTech, a dynamically developing segment at the intersection of the financial services and technology. Ana joined Cointelegraph in September 2017.

https://cointelegraph.com/news/bitmex-research-ico-tokens-allocated-by-teams-to-themselves-lost-54-of-24-bln-value

Deb Williams (hodlthrive)

Volume of Crypto is Dropping is Bitcoin Headed Below 3000?

Volume of Crypto is Dropping, is Bitcoin Headed Below $3,000?

  

In the last 48 hours,

the volume of the crypto market has dropped from $15 billion to $13 billion as the Bitcoin price fell below the $3,600 mark. Analysts have started to demonstrate concerns regarding the declining volume of digital assets and the potential scenario of cryptocurrencies free falling without significant sell pressure from bears.

Is $3,000 Inevitable For Bitcoin?

Generally, traders in the crypto market expect a lackluster year with low volatility, at least until cryptocurrencies escape the last stage of a 12-month-long bear market and initiate a strong accumulation phase. In the short-term, however, many traders envision most cryptocurrencies including Bitcoin testing key support levels in a low price range.

A cryptocurrency trader Josh Rager wrote:

As the volume continues to slowly descend Bitcoin could see more sideways ranging This could last for days or weeks until a decrease in buyers, currently holding up the market, at these levels. Nice support below $3,000 with lots of buyers waiting there.

Currently, following an intense sell-off on January 11, the crypto market is demonstrating stability in the range of $122 to $124 billion. But, the combined valuation of all cryptocurrencies in the global market is down nearly $100 billion since November 2017 and the asset class is struggling to demonstrate signs of a trend reversal. Considering the lack of momentum of cryptocurrencies and the inability of dominant digital assets in the likes of Bitcoin and Ethereum to breakout of important resistance levels, a cryptocurrency technical analyst DonAlt suggested that 2019 may turn out to be a boring and a low volatile year.

“I’ve been relatively inactive this year – for one reason – there just hasn’t been too much to trade. I wouldn’t be surprised if ’19 plays out like this, boring, choppy and frustrating to trade. The worst thing you can do is force trades when your system doesn’t give you any,” the analyst said. As Bitcoin approaches the low $3,000 region, similar to its corrective rally in mid-December, it may initiate a relatively sharp recovery triggered by big buy walls on major cryptocurrency-to-fiat exchanges such as Coinbase and Bitstamp.

How About Other Cryptocurrencies?

If Bitcoin continues to fall below $3,500 and possibly to its 12-month low at $3,122, cryptocurrencies with low market caps and daily volumes are expected to experience intensified downward price movements against both Bitcoin and the U.S. dollar. Digital assets that have shown strong upward price movements in the past several weeks due to product launches and protocol upgrades including TRON and Ethereum have already begun to drop in value, affected by the negative sentiment surrounding the short-term trend of the cryptocurrency market.

The price movement of Bitcoin, until the January 11 correction, was seen as a positive short-term breakout above $4,000. But, based on the intensity of the sell-off over the past week, it will likely have a minimal impact on the performance of the asset class in the weeks to come.

Article Produced By
Joseph Young

Hong Kong-Based Finance and Cryptocurrency Analyst. Contributing regularly to CCN and Hacked. Providing unique insights into the crypto and fintech space since 2012.

https://www.ccn.com/volume-of-crypto-is-dropping-is-bitcoin-headed-below-3000/

Deb Williams (hodlthrive)

CryptoCurrencies: What is an Initial Loan Procurement and why it will drive the Markethive

CryptoCurrencies:
What is an Initial Loan Procurement and why it will drive the 
Markethive.

There seems to be a lack of awareness around Initial Loan Procurements (ILPs), as well as a lot of confusion if that. This post will try to explain what ILPs are and their significance to finance and Markethive.  

The Initial Loan Procurement

is a new fundraising method that is similar to an Initial Coin Offering (ICO) but in the form of loans rather than coins. In this ILP scenario, borrowers and creditors enter loan agreements through legally binding smart contracts. Markethive is one of the firsts to offer an ILP along with the originator from Blockhive. ILPs (Initial Loan Procurement) disrupt the global debt capital market and have the potential to become bigger than ICOs. Blockchain is revolutionizing finance, especially capital markets, which allow companies (and even governments) to raise money from investors globally.

Let’s talk about how companies and governments raise investor money:

  

Companies can either sell stakes in the company or equity.

This is done by issuing stocks and stockholders share the company’s profits. Likewise company losses are stockholders losses and companies aren’t required to pay the investors back. On the other hand, companies can borrow from investors by issuing corporate bonds. Although bondholders don’t share in the company’s profit, they will be paid back their original investment + interest unless the company goes bankrupt.

Governments can issue government bonds to big investors as well and the logic works the same as corporate bonds. Since the government is deemed less risky, government bonds typically have lower interest rates. Examples are US Treasury bonds. When companies/governments first issue these financial securities, they are issued in what is called the primary market. The average joe does not participate in this market. The big banks and institutional investors are the usual investors. After this, the already-issued securities are traded in the secondary market which includes retail investors like the average joe. Ex. Stock market

Then there’s the private capital market. All companies start private and once they get big, they might go public and list on one of the stock exchanges. Ex. Uber is currently a private company valued at $70B, and they are supposedly planning an IPO soon. Only then, would the average joe be able to buy Uber stocks and invest in the company. So who invests in these private companies early on? Big institutional investors such as Venture Capital firms (VCs) with lots of money get to invest early on for equity and if the company takes off, they could multiply their investments by orders of magnitudes.

  

This was how things were done TRADITIONALLY.

With Blockchain technologies, modern finance is changing. Initial Coin Offerings provide companies (and governments) with a whole new way of raising capital. It’s easier, faster, and the whole world gets to participate. Although coins are not 100% like stocks, a lot of them behave that way: Many tokens will profit if the issuing blockchain company becomes successful. (For example exchange token holders earning trading commission fees). Like stocks, there is no legal obligation for the company to pay the investors back their original investment. Initial Coin Offerings serve as the primary market and exchanges like Binance serve as the secondary market. This change is happening extremely fast. In 2017, more money was raised with ICOs for blockchain start-ups than ALL of Venture Capital. Pretty much EVERYONE can participate in these ICOs as well as trade the tokens once they are listed on exchanges.

This is why regulators are going crazy about cryptocurrencies right now. Throughout history, financial market crashes have devastated many lives, and each time regulators stepped in with rules to protect consumers. Let’s not debate the pros and cons of regulation here, but it’s just the way things are. With cryptocurrencies, regulators see more risk than ever for consumers as now regular people are participating not just in this unregulated secondary crypto market, but in primary markets as well through ICOs.

  

Meanwhile,

the global debt capital market has barely been disrupted by blockchain tech. If anything, there are many crypto projects in the works for peer-to-peer lending, but there is only one project that I know of focused on disrupting the public debt capital market: Initial Loan Procurements (ILPs).

  

A fundraising structure utilized by Markethive,

this has the potential to grow even bigger than ICOs (The world debt market is way bigger than the world equity market). This year Markethive will be one of the firsts to offer an ILP, like Blockhive, and will be one of the first companies to raise capital by decentralized crowdfunding of debt.

  

To summarize Markethive’s ILP:

we are targeting 10.5M Dollars (USD in Bitcoin) from lenders (think ILP). In this decentralized world, anyone can participate. The loan period is projected to be 10 years and the interest is 20% of Markethive’s operating profit. For example, if I lent Markethive  $1,000 through this ILP, I will be repaid this principal in 10 years, and also earn interest over that period (In Markethive's case, 20% of Markethive’s operating profit will be distributed across the lenders. Furthermore, the ILP structure issues Hive Foundation Shares (HFS), which will allow me to sell my loan contract in the secondary market, if I don’t want to wait 10 years to be paid back. Each ILP will have its own FLAT to provide liquidity in the secondary market. Markethive's FLAT is also called Hive Founding Shares.

All ILPs are powered by legally-binding smart contracts (loan contracts between each creditor/issuer), and digital identity/signature solutions. The token utilized for these products will be traded on the open market exchanges (yet to be announced)

  

This is HUGE.

Instead of issuing traditional bonds, corporations and governments can participate in this decentralized form of crowdfunding loans. It’s fast, easy, and the whole world can participate.

 '

The financial revolution is now just starting.

The need

The Markethive team believes that there is a need for an alternative to ICO due to the following shortcomings. The token economy is based on the demand, and sometimes selling tokens doesn’t make sense because the token has no real function for your business. Also, laws and regulation are an important consideration, because countries such as China have banned ICOs. Taxes also play a major part. Some countries consider money raised through ICOs to be income rather than capital and may tax it at rates as high as 40 percent.

The alternative 

Markethive has partnered with smart-contract development firm Menlo Tech and the original developer of the Monero Coin to develop a way to raise funds using loans. Here are some unique points of ILP: The structure is as effective as an ICO because it is open to individuals around the world. It is legally binding because agreements are digitally signed using blockchain technology which records information in a distributed database so they can’t be easily altered, adding a level of security for creditors.

Because ILP is in the form of loans, it is considered to be debt, and not subject to tax.
For businesses that don’t need tokens in the first place, ILP provides an alternative so more time and energy can be spent on business development, rather than creating tokens with no actual usage.

The ILP is regulation-friendly. Markethive conforms with regulatory frameworks designed to fight fraud and money laundering. Therefore, participants of ILP will be required to submit their identification and to go through the process of authentication (KYC). The Markethive team says, “ILP provides a fast track alternative so more time and energy can be spent on business development. Last, but not least, because ILP is in the form of loans, it is considered to be debt, and not subject to tax.”

How does it work?

In Markethive’s case, We first ask our creditors to register their identification, address and other information. Then, they will digitally sign the loan agreement and send Bitcoin to our registered account. Once we receive the Bitcoin, the contract is made. That means Markethive’s creditors can receive 20 percent of Markethive’s monthly profit as an interest payment.

After the loan contract is made, Markethive will issue the Hive Foundation Shares (HFS the FLAT  Future Loan Access Tokens). HFS gives creditors the right to transfer loans to others, using Markethive’s Wallets, Markethive’s internal exchange or on public exchanges. The team further clarifies, “When individuals receive HFS tokens, they become potential creditors and can use the tokens to sign loan agreements with the borrower, in this case, Markethive. Once they have signed the loan agreement with Markethive, they are now the new creditors of the loan agreement and they will get the interest payments.”

Take part in the Markethive ILP

The ILP seems like a much more secure approach to fundraising while keeping the ease of raising funds like the ICO. Markethive is a first test case of this new funding method. It is currently in pre-launch and you can register for it here – https://markethive.io

Article Produced By
Thomas Prendergast
Founder
Markethive

https://markethive.com/group/marketingdept/blog/cryptocurrencies-what-is-an-initial-loan-procurement-and-why-it-will-drive-the-markethive

Deb Williams (hodlthrive)

Bitcoin Has Jumped 82000 Percent over the past Seven Years and Declared Dead for 91 Times in 2018

Bitcoin Has Jumped 82,000 Percent over the past Seven Years and Declared Dead for 91 Times in 2018

   

Bitcoin was declared 91 times as dead this year alone,

and 337 times so far. But despite the current bear cycle, data show that Bitcoin has grown more than 82,000 percent over the last seven years.

Bitcoin “died” 91 times in 2018

According to the website Bitcoin Obituaries, there were 91 publications in 2018 that announced the demise of Bitcoin (internationally even much more). Interestingly, even in 2017, the number was 125, the number actually increased after Bitcoin reached its all-time high of about $20,000 in December. Altogether, the black painters, according to the website, Bitcoin since 2010 for 337 times declared dead. But how dead can it be if it works around the clock with near-full availability and has been operating for over a decade now?

82,000 percent growth in the last seven years

It is true that the continued bear market has been steadily adversely affecting Bitcoin price. Bitcoin is currently trading more than 80 percent below its all-time high so far. However, if you measure Bitcoin only in terms of its price in dollars, it turns out that Bitcoin not only that is not dead but has actually grown by more than 82,000 percent in the last seven years. In addition, the basics are still intact, while other metrics, such as hash rate (network security) and layer 2 scaling solutions (such as the Lightning Network) are actually experiencing unprecedented growth.

Bitcoin acceptance is a real

Regardless of how often the black painters have announced the sinking, so does the number of investors own or use Bitcoin. Four separate studies by the Ontario Securities Commission and the Central Bank of Canada show that three to five percent of Canadians own Bitcoin.

Another survey conducted by the market research institute YouGov revealed that up to nine percent of British residents own the cryptocurrency, while 90 percent have since heard of Bitcoin and cryptocurrencies. In addition, the state of Ohio accepts Bitcoin for tax payments. And for what is supposed to be “dead”, over $410 billion was transacted in 2018 over the Bitcoin network or an average of $13,000 per second (despite its falling value). After all, this is not the first time the cryptocurrency has suffered 80 percent loss. However, as it turns out, Bitcoin came back every time and reached an even higher level.

Article Produced By

Vidrih Marko

I love writing, and that is why I do it. A passion for not only providing the information but for helping people understand.

https://medium.com/@VidrihMarko/bitcoin-has-jumped-82-000-percent-over-the-past-seven-years-and-declared-dead-for-91-times-in-2018-77da724c6397

 

Deb Williams (hodlthrive)

THE RESULTS of the reddit cryptocurrency survey – a comparison of opinions demographics and portfolios of redditors from different subreddits

THE RESULTS of the reddit cryptocurrency survey – a comparison of opinions, demographics and portfolios of redditors from different subreddits

  

One month ago I posted a survey of over 40 questions

to a range of different cryptocurrency subreddits and collected just over 300 responses. Since then I have processed the data and taken a look at the different demographics, opinions and portfolios of different users as well as comparing the results from different subreddits. This post is the results of this survey.

In this post I have condensed the results to a number of key stats and graphs. If you want to take a look at the graphs or read the discussion, they can be found in the full report. For the graphs, just scroll down to each section in the report and you will see them.

How do steemit users compare to reddit users?

I don't know so I have set up an almost identical survey for all steemit users to respond to if they like. If I can collect enough responses then I will make a comparison post like this one comparing reddit users and steemit users! If you would like to fill out the survey, you can do that here.
The live raw data collected from this survey can be found here:

Key Stats:

Section 1: Reddit and social media use

• Two thirds of cryptocurrency subreddit users frequently browse non-crypto related subreddits.

• Over 70% of cryptocurrency subreddit users used reddit previous to finding out about cryptocurrencies.

• For 1 out of every 8 cryptocurrency subreddit users, reddit is the only social media platform they use to keep up with crypto.

• 94% of cryptocurrency subreddit users check the price of their cryptocurrencies daily!

• Over 40% of cryptocurrency subreddit users check the price of their cryptocurrencies over 10 times per day and 80% check the prices at least 3 times per day.

Section 2: Demographics

• 95% of cryptocurrency subreddit users are male.

• The median age of cryptocurrency subreddit users is between 26 and 30 years old.

• Almost 50% of cryptocurrency subreddit users are from Europe and another third are from North America.

• Over 75% of cryptocurrency subreddit users either have a University degree or higher or are currently studying at University (University is the same thing as college for any Americans reading this).

• More cryptocurrency subreddit users are living off money they made from crypto than there are users who work in the blockchain industry.

• Over 20% of cryptocurrency subreddit users are students, of these students, 60% of them are at University.

• Nearly 40% of cryptocurrency subreddit users consider themselves gamers.

• 2 of the 331 cryptocurrency subredditors sexually identify as an attack helicopter. It is fair to say that I have learned not to add an “other” gender option in future surveys!

Section 3: Experience and interest in cryptocurrencies

• 70% of cryptocurrency subreddit users consider themselves HODLers.

• Decentralisation is the main ideological reason for cryptocurrency subreddit users to be into crypto and blockchain tech.

• 36% of cryptocurrency subreddit users got into cryptocurrencies in 2017 and 27% got into crypto in 2013.

• 45% of cryptocurrency subreddit users have previous experience in the stock market.

• The average cryptocurrency subreddit user is into crypto for the money but still has a significant interest in blockchain tech.

• Most cryptocurrency subreddit users consider themselves very likely to mention cryptocurrencies to a friend.

Section 4: Crypto Portfolio

• The median cryptocurrency subreddit user has somewhere between $5,000 and $20,000 invested in cryptocurrencies.

• Nearly 45% of cryptocurrency subreddit users have invested either less than 10% or more than 90% of their total savings in crypto.

• Nearly 10% of cryptocurrency subreddit users would rather not share what price category the size of their investment in crypto fits into for this semi-anonymous survey.

• 80% of cryptocurrency subreddit users have made a profit off their crypto investments.

• 60% of cryptocurrency subreddit users who invested in crypto after June 30th 2017 have made a profit off their crypto investments.

• 60% of cryptocurrency subreddit users own altcoins outside the top 10 coins by market cap.

• 50% of cryptocurrency subreddit users own 3 cryptocurrencies or less.

• Nearly 30% of cryptocurrency subreddit users have invested in an ICO before.

• The average (median) cryptocurrency subreddit user is signed up for 3 cryptocurrency exchanges.

• For just one third of cryptocurrency subreddit users, altcoins outside the top 10 coins make up more than 10% of their portfolio.

Section 5: Cryptocurrency Knowledge

• Most cryptocurrency subreddit users believe that they understand blockchain technology quite well.

• More than 50% of cryptocurrency subreddit users have fully read a whitepaper.

• Over 75% of cryptocurrency subreddit users know of Satoshi Nakamoto, Vitalik Buterin and Charlie Lee and who they are.

Section 6: Opinion

• Most cryptocurrency subreddit users think that 3-5 of the current top 10 cryptos will still be in the top 10 in 3 years.

• Nearly 40% of cryptocurrency subreddit users don’t support SegWit2x.

• Just 10% of cryptocurrency subreddit users have an unfavourable opinion of Bitcoin.

• Nearly 70% of cryptocurrency subreddit users have a favourable opinion of Ethereum.

• More participants have a favourable opinion of Ethereum than Bitcoin.

• More than 55% of cryptocurrency subreddit users have an unfavourable opinion of Bitcoin Cash.

• Almost 75% of cryptocurrency subreddit users have an unfavourable opinion of Bitcoin Gold.

• 50% of cryptocurrency subreddit users have an unfavourable opinion of Bitconnect while a further 47% don’t know how they feel about it or don’t know enough about it to have an opinion.

• 45% of cryptocurrency subreddit users have an unfavourable opinion of Ripple.

• Nearly 55% of cryptocurrency subreddit users have an unfavourable opinion of Ethereum Classic.

Final Section: Subreddit Comparisons

• Over 70% or r/Bitcoin users are opposed to Bitcoin Cash while just under 20% of r/BTC users are opposed to it.

• Over 25% of r/ETHTrader users don't have an opinion of Bitcoin Cash.

• 80% of r/BTC users approve of SegWit2x while just 6% of r/Bitcoin users approve of it.

• Over 50% of both r/Ethereum and r/ETHTrader users don't have an opinion of SegWit2x.

Which Subreddit has the highest rate of ICO investment?
The highest rate of ICO investment by users from r/CryptoCurrency where 38% of users have invested in an ICO.

Which subreddit has the most compulsive price checkers?
The two trading oriented subreddits (r/BitcoinMarkets and r/ETHTrader) had the most compulsive price checkers, with r/BitcoinMarkets having a significantly higher percentage of compulsive price checkers.

Which subreddit rates their crypto knowledge the highest?
r/Cryptocurrency, r/Bitcoin and r/BitcoinMarkets all have similar distributions with the same averages (median of 7 out of 10 and very similar mean values just below 7). r/ETHTrader rated their crypto knowledge the lowest with a median of 6 out of 10 and a mean just above 6 which as about 0.7 lower than the mean values of other subreddits.

Closing Words

That's it! If you want to read through the full report I made or want to see the rest of the graphs, I have left a link to the report where you can find them near the top of this post. I will also leave the raw data and the spreadsheets I used to process the data below if any of you are interested. Finally I’d like to thank everyone who participated and especially those who gave criticisms and feedback on what I covered in the survey and how I formatted it. I’m open to any recommendations for next time and criticisms of this survey so that I can make my next survey better.

Article Produced By
trickybits

https://steemit.com/cryptocurrency/@trickybits/the-reddit-cryptocurrency-survey-a-comparison-of-opinions-demographics-and-portfolios-of-redditors-from-different-subreddits

Deb Williams (hodlthrive)

The Best Leads are Inbound Leads from Markethive

The Best Leads are Inbound Leads

 

 

If you are an entrepreneur, a business, a shoe store, an affiliate or referral promotor, musician, artist, attorney, teacher, waitress, anything that requires a buyer or consumer or subscriber to something you have or are selling or promoting, then you need a market. Within that market are customers and those customers are often referred to as “leads”.

Did I miss anyone or anything?

Makes no difference if you are selling used cars, an MLM hope and dreams scheme, government secrets, herbal teas, gasoline MPG pellets, organic peanuts, car washing service, baby setting, medical treatment, therapy or trips to mars (via Elon Musk), you need a stream of customers and before they become customers, they were leads.

For Sale or rent or DIY; your business depends on them.

 

Typical sources are friends, relatives and acquaintances, but these classifications runs out very quickly and to achieve an equilibrium of cost, effect and achieving your objective, the holy grail of leads has always been a difficult and often foolish pursuit, until Markethive.

The best relationship for leads is well, a relationship, a kindred foundation, a stream of “associates” who are exclusively connected to and drawn towards your inbound marketing portals, funnels and associations. These type of “relationships” are priceless and when nurtured with an ongoing two way engagement, collaboration  and dialogue, will produce a lifetime sphere of influence. This is the “holy grail” of marketing. This is precisely what the Markethive Entrepreneur program delivers.

Think about it. How many of you consider me your trusted friend, a mentor, even family. Then think about how that relationship evolved, how we got to meet each other, how you found yourself in my sphere. How over time trust developed and now we are long term solid friends.

 

This is Inbound Marketing at it’s best. Markethive develops the best relationship associate level leads from the Entrepreneur program. If you are building a business, selling a service, just creating a large effective collaborative team, then the $100 per month Entrepreneur program is the best option for building your leads.

Superior to trying to tell a story funnel capture pages. Superior to advertising a Facebook group via Facebook ads. Superior to it all.

Give it a try. The best part? For $100 per month, you get over $5000 per month back and realistically, you might even get more than that back for life.

Markethive, nothing like it, anywhere. But here.

Ask yourself this

Would you sign up for a system giving away 500 MH crypto coins and a state of the art marketing system that has sold for $2000 or more per month by a similar platform that just sold to Adobe for 4.75 BILLION dollars?

 

 

Do you want leads that are motivated by this offer, that give you a real verified name, a real verified email, a real verified phone, a real verified postal address, a selection of social network accounts and continue to engage and grow their account in Markethive (nurtured) with you.

A true and valuable sphere of influence?

This is exactly what the Entrepreneur upgrade does for you among all the other benefits.

 

Tried and tested already. We are doing actually qualified tests with different mediums to drive leads. One such tests was with BITTER.IO which is a service in the crypto sphere offering a version of faucets by sharing web site visits. It is relatively affordable at $1 per 1000 visits. We did this with a capture page that promoted the Airdrop and Inbound Marketing tools. $1 procured 25 “associate” level leads within 3 days. By extrapolation, one year would produce over 3000 “associates” equating a matching airdrop of Markethive coins @ 1.5 million coins. Cost of this enterprising campaign would be $1 x 10 (1 month) for BITTER.IO @ $120 for a year and the Entrepreneur upgrade $100 x 12 (months) @ $1200 for a total cost of $1320 divided by 3000 “ASSOCIATES (leads)” making the cost per lead @ .44 each for leads that would legitimately be worth $200 per today’s cost of standards as researched by Hubspot. That is a value of $600,000 in today's market for exclusive high data vertical contacts to you.

Not to mention the 1.5 million Markethive coin you also received by matching bonus via the Entrepreneur upgrade. To be conservatively speculative, the Markethive coin has the potential one year after launch of .25 per coin. Equates to $375,000.00 in value, speculative not promised. Drop it back to .05 per coin and you still make profit @ $75,000.

You see, we built Markethive for the masses, the entrepreneurs, all of them, young, old, rich or poor, Markethive is design to honestly level the playing field.

 

Markethive is here and your time has come.

Hey! Want to engage in further lead acquiring testing? Contact me via Markethive messaging and let me know. I will help fund the advertising for your system to measure additional results.

Thomas Prendergast

CEO Founder
Markethive

Deb Williams (hodlthrive)

Earn Crypto Part 2: Incentivized Social Media

Earn Crypto Part 2: Incentivized Social Media

   Earn Crypto Part 2: Incentivized Social Media

In this article, readers will be introduced to incentivized social media networks

that enable participants to earn cryptocurrency for contributed content. More specifically, readers will learn how they can make money on the get-paid-to-play-blog platforms Steemit and Yours.

What Is Incentivized Social Media?

Incentivized social media are digital content networks that pay their users to contribute and curate content. As opposed to traditional social media networks like Facebook and Twitter, which harvest users’ data, incentivized social media networks reward their users for contributing to their networks. While incentivized social media networks exist outside the cryptocurrency space, it was arguably the cryptocurrency sector that enabled the birth of this new breed of social media through its ability to process micropayments at low-costs to anyone in the world with an Internet connection. The market-leading cryptocurrency-paying incentivized social media network is Steemit. However, there are also other platforms, such as the bitcoin cash-powered Yours network that pays users in the bitcoin hard fork cryptocurrency.

Steemit: Curation, Creation, and Earning around High-Quality Content

Steemit was launched in 2016 as the first blockchain-powered social media network. The platform was built on the Steemit blockchain and pays its users in cryptocurrency to publish and curate content. Steemit users are rewarded in a combination of the platform’s three native digital currencies: SteemPower, Steem Dollars, and Steem, with the latter being the most popular and most widely traded cryptocurrency on third-party exchanges. Users can earn cryptocurrency for publishing high-quality original content and for upvoting popular content. The financial rewards for popular content are split among the content creator and the curator to ensure participation among the social media network’s users.

Using SteemPower, users can also increase their influence and the number of financial rewards they can receive for posting and curating. SteemPower can be acquired by exchanging Steem Dollars and Steem into SteemPower. For successful Steemit users to cash out their earnings, they have to turn their Steem Dollars or Steem into bitcoin or other digital currencies on third-party exchanges as very few retailers accept Steemit’s digital tokens as a payment method.

The blockchain-based platform provides an excellent channel to earn cryptocurrency for anyone who has a knack for creating, or at the very least spotting and upvoting, high-quality content that other social media users will appreciate. Some of the highest earning posts have made several $1,000 worth of Steem while the highest earning Steem users have made tens of thousands of dollars by posting content on the platform.

Yours: Income for the Bitcoin Cash Community

Yours.org was launched in 2016 by bitcoin developer Ryan X. Charles to enable social media users to be financially rewarded in bitcoin for posting and curating content. After the Bitcoin hard fork in August 2017, Yours joined the Bitcoin Cash camp and implemented BCH as the new digital currency of its platform due to BCH’s ability to process microtransactions at close to zero fees. Therefore, Yours users are now rewarded in bitcoin cash (BCH), instead of bitcoin (BTC), which has resulted in the platform gaining popularity in the Bitcoin Cash community.

To make money on Yours, users can post content and place a price on that piece of content that has to be paid by users who want to read it. Prices can range from $0.10 to several dollars, depending on how much you believe people will be willing to pay to view it. Users can also earn bitcoin cash by upvoting popular content early. It costs to vote up content but users are rewarded with a share of later votes for the same piece of content and are, thus, rewarded for recognizing high-quality content early on. Additionally, users can also earn BCH from tips, which can be paid directly to a user’s profile page, their content, or a comment of theirs.

Making Sound Money on Incentivized Social Media Platforms

While Yours is still in the process of establishing itself as a crypto-powered social media network, it is effectively only being used by the Bitcoin Cash community. Steemit, on the other hand, has become a go-to source of income for content creators from around the world.  Steemit has managed to grow its user base to over one million people in less than three years and has become particularly popular in emerging markets where the bulk of Steemit users are reportedly located.

It is difficult to say exactly how much one can make on Steemit because the financial reward is linked to the amount and quality of the content provided and how much content they curate. For individuals living in developing countries where the average monthly income lies below $500, however, a successful Steemit user can supplement a substantial percentage of their income by being active on this incentivized social media network.  A brief glance on Trending Posts on Steemit shows that the most popular posts of the day are earning around $250 and the topics covered are not just focused on cryptocurrencies and the blockchain.

Steemit and other cryptocurrency-powered social media networks like Yours and those still in the making, therefore, provide an opportunity for anyone, anywhere to earn digital currency to supplement their income provided they put in the time and effort to create and curate amazing content.

Article Produced By

Alexander Lielacher

Alex Lielacher is a former bond trader who now writes about cryptocurrencies and blockchain technology. He holds a degree in Investment & Financial Risk Management from Cass Business School, London and has been following bitcoin since 2011.

https://btcmanager.com/earn-crypto-part-2-incentivized-social-media/?utm_source=Telegram&utm_medium=socialpush&utm_campaign=SNAP

Deb Williams (hodlthrive)

The revolution from Deb Williams