Benjamin Pirus 1 minute ago In its latest push for asset additions, Coinbase has added Algorand to the mix. 7 Total views Listen to article Breaking news U.S.-based and regulatory-friendly crypto exchange Coinbase has added Algorand (ALGO) as its latest new cryptocurrency after the outfit added the coin to its trading-based platform in the latter part […]
submitted by Hi all, I am a full time developer and I have been manual trading crypto on Binance for over a year.
I am new to algo trade, and I want to start doing it for crypto.
I heard there are lots of library out there like Quantconnect, Quantopia, etc. I wonder what are the biggest benefit from that ? Saves me time for setting up the infrastructure and have lots of historical data for me to back test?
As a developer I try not to highly depend on a framework/library unless it's really necessary.
So I guess the question is, for algo trader that has programming background, do you guys use any library or platform, or write a custom one?
Many thanks guys!
submitted by A fair amount of what was prospected in my post last week pretty much hit directly on the head (Not trying to say I'm a trading savant or anything like that at all hahaha)... But to run it back, Gold hit practically exactly as I had called last week (putting it back within its base LT up-trending channel, Bulish vibes); Monday brought low futures & weak hands across the board early on which prompted people to turn to commodities... Both the S&P 500 & DJI dropped to test lows that haven't been seen since prior to trumps stepping into office; that was until major investors stepped in, stimulus hype kicked in & ya know, the printer got fired up XD.... I've been securing small of profits along the way with swinging scalps but ultimately am looking to have had great long positioning with most of my portfolio, at least until the dust seems to settle more (perhaps the second week of April or slightly later after the stimulus check had been received/ the economy is able to proceed amidst the chaos of the virus); having done fair bits of extensive digging following where Friday's close left us at, it's insanely peculiar across the board to say the least....
Before getting to analysis & projections, I first need to lay out new findings. There's been posts / articles floating around detailing specific bills put in place following 'The great recession' in 2008; articles which claim, following this great financial crisis in 2008 our gov't had taken steps which effectively merged both the federal reserve and treasury into one entity, which *allegedly* is under the supervision of the executive branch (more specifically, the president / whatever his or her team sees best fit for the current situation.) Moreover, the federal reserve is able to exchange securities within the stock market in order to recoup these 'debts' in a similar way that it would with bonds or other collateralize securities traditionally. {See details regarding the federal reserve & trading equities to recoup debts as detailed in 2005
here.}
One last thing I must lay forth before going into analysis; the previous link is the best I can find which might 'validate' the updated bills, and an update was added to the base of that web-page following the 2008 crisis which states, " On November 25, 2008, in the height of the financial crisis the Federal Reserve announced that it would begin purchasing up to $100 billion in agency debt and up to $500 billion in agency mortgage-backed securities. Since that time it has announced several other large-scale asset purchase programs." Following that line of text with a link which claimed to be 'access to their balance sheets' or 'the evolution of the FED's security holdings... and that link has since been deactivated. (WE ARE TALKING ABOUT A LINK THAT WAS POSTED ON A LEGITIMATE ORGANIZATIONAL WEBSITE) So yes, I am accepting the information presented on these bills/laws as true; and before continuing to read this post you will need to 'accept the above terms and conditions' lmao (Seriously tho, feel free to further contest them or try and validate the claims as you please, I have done a fair bit of research but haven't found anything concrete that contests the claims laid before us in the circulating articles.)
So what do these provisions mean? By accepting the above claims, it would basically mean that our gov't has the power to be actively playing 'the big short' in the stock exchange, targeting various failing sectors (taking the positions from large scale investing firms or openly in the market). More specifically sectors which have been lagging behind economically / they do not see fit to push our economic growth in the LT future... (The ability to pump up a market & make it look appealing enough for common investors to act amidst a slew of market uncertainty/upcoming catalysts) Mind you this is ALSO while having open access to infinite market manipulation at virtually no cost , and realistically are yielding FAR more profit on these these initial debts they're inuring currently. The bills/provisions would have theoretically made it quite literally impossible for any average trader to ever capture the 'full move' (as our fellow in 'the big short' was able to) on failing/financially jeopardized sectors ever again; effectively allowing them to throttle economic transformation, all while the FED is now milking maximum profits out of investors of dying industries before these investors even have a chance to understand that they are invested into a failing industry / company.
Now to begin analysis, in this mass hysteria I have seen a few varying correlations following the real world catalysts which have been in part driving the markets sentiments; correlations which have been getting glossed over here and there, but most posts highlighting them have had their factors barely or overly attributed to the crash in this event. Correlations have been between: speculative currencies (think crypto/ gold - see gold's live chart
here) and their ability to gain more strength than the US dollar in the future (relating to an underlying market-sentiment & desire to return to its bullish ways as the value of the US dollar appears to be in jeopardy), the current state of oils price relative to the warmest winter recorded in 20 years and how it impacts our energy sectors in the market, overall playing into the markets sentiment), and the state of the NASDAQ following Friday's close (An underlying desire for bullishness in the markets, specifically in companies which are already extremely prosperous and arguably not only be practically unimpaired by CV but will only continue to grow more profitable in the near & LT future of the economy; with a need to begin weeding out the weaker companies in our economy which can be found in the Dow Jones or even still in the S&P 500.) So if you can imagine, each of these three correlations have had major catalysts within the last month which impacted where they stand from a long term perspective and have upcoming catalysts which influence the speed of which they recover and how they do. Essentially I see this playing out as a market recovery that's never been seen before and realistically never could've been seen coming in such a way; ultimately leaving the majority of investors burned & nearly all scratching their head for a period of time to come.
Oil is currently at a key tipping point, it's bouncing off of its $20 support and OPEC has a deadline of drawing a resolution by April 1st (It has been reported that US officials have recently been in contact with Russian officials with the desire to reach a conclusion with OPEC & non-OPEC members, reassuring Russia that american companies will also comply with the reduction in oil supply & proposing that other non-OPEC members should do the same.) The drawing of a conclusion is just the catalyst oil is in need off to send it running back up closer to where it was once valued/ a fair price point.. This fuels my belief that oil is truthfully dying out in our countries energy sector (If you look at energy companies listed on the NASDAQ, they're renewable companies, not oil drillers/refineries) and ultimately those which are investing into oil for a long term position will inevitably just be giving their money to the gov't unless they plan to simply swing the catalysts at play currently. {See oils long term chart -
here}. Notice that oil had almost totally crashed out before the 'Tech bubble' occurrence. I speculate that oil had become most profitable/ most sought after in the late 1900's before new age tech became more and more relevant, there were literally people & companies researching Fuel Cell technology for cars & renewable sources like mainstreaming solar panels; that is, until company heads started dying & I'm sure the gov't/world leaders came together looking for a conclusion, ultimately finding an equilibrium in supply & demand whilst no other competitors were able to threaten them & it seemed everything was playing in their favor, and as a result we can see oil price totally moon leading up to the 2008 recession... This peak is the true foundation for our long term downtrend, renewable energy sources began to rise in relevance and the general population has been so supportive of it that there has been simply been no other choice but to milk the oil industry as much as humanly possible similarly to how someone would play a biotech approval (OPEC meetings, trump pushing to send american oil production to the moon in order to 'make our economy more profitable.' However, it appears to me as a massive pump & dump to trap LT-dividend investors within, slowly draining their net-worth & the income they're receiving in the form of dividends from these companies (Now, a company like Exxon has a WAYS to go before any of the small drilling companies, but on the fundamental principle of oil price slowly draining out over the years, so would these oil/gasoline suppliers/companies - see Exxon LT chart -
here.) Exxonn set a new high in 2014 and has never been able to recontest this, it's been trapped within a downtrend ever since then, not only that but about the time that oil had completely gone to the moon in the midst of the recession it appears that someone might've opened a short position on Exxon at $117, which is has NEVER touched since then; the closest was in 2014 when it touched $105 / share (the true start of its long term downtrend). Also notable on the chart, despite 'growing revenues' since 2016 exxon/other oil based energy providers haven't been able to create any kind of a LT uptrend which holds solidly in YEARS. This is factor number one in the week ahead imo, when we get news about this/ if a conclusion is able to be drawn by OPEC will be critical within the markets recoveries... CV is literally only playing within the bears favor on really weak handed investors / scalpers at this point; the markets are throwing hella bullish signals & i promise you that the Algos will not be ignoring them in this week to come, which will only act as another elevating factor for the markets in this war to ultimately kill off what seems to be mainstream Bearish vibes from trading communities/ day traders.
To discuss the NASDAQ - of all the major indexes, the NASDAQ is the only one which doesn't appear to lay in totally bearish territory {
Chart here}. This is what interests me the most, the NASDAQ has bounced off of its up-trending channel that was set in 2016 (the SAME channel which was FINALLY able to break the long term resistance from the Tech Bubble fallout & create a bullish new high along with the rest of the markets at the time - reference the purple line in the image.) Now, the grey line & green trend lines are representative of the 'limitations' and the 'support' of our economies growth following the great recession in 2008... this massive fallout happened just as the NASDAQ had touched this line of resistance, and I believe this recovery will act as a spring board momentum which could send the NASDAQ onto another level. Why do I think this? Because the NASDAQ is comprised of the companies which LITERALLY define the future as we all know it... Heavily loaded Social media companies & innovative tech companies; then only gives way to the top travel agencies (the modern economy has been driven by 'experience' buying more than ever before,) renewable energy companies/prospects, household 'brands' (think pepsi,) banks, the nations top health care companies (yes, some of which will be leading the charge against CV - GILD, Abbott.)
What am I trying to say? I believe we are watching the foundation or further development of the transfer of wealth from many LT investors/401K owners into our government's pocket, all while the economy is undergoing a 'silent revolution.' Now this could take years to fully play out, and I believe this is why many economists will continue to look at this event and just scratch their head on what the significance was or why exactly our stock market had a never before seen recovery (Possibly it will be attributed to the common scapegoat at the moment - "the FED is just printing money until the problems seem to resolve themselves.") Perhaps more catch on or the event plays out in an extreme fashion as more and more investors seem to read between the lines here & flock to the 'companies of the future' as they continue to increase revenues & outshine their outdated counter parts.)
"But EXLR8, what about the overhead concerns pertaining to the current condition of the USD value, its strength in an economy, and how it relates to the overall buying power of the consumer?" Well, to that I would say this concern is barking up the wrong tree, especially with the conditions which are put before us in the articles detailing the fed's 'improvements' in investing strategies.. These strategies totally dismiss any desire for our gov't to back our dollar (per say, adopting the gold standard, or switching to a crypto-currency - view crypto's current 'trend'
here) because then it would limit their ability to 'adapt' to the severity of the 'situation' presented. Especially while considering how they are handling this process, they aren't printing money which will forever stay in circulation, this money will be put back 'into the reserve with interest' once big investors decide they want to return to their positions; also, if im not mistaken this would even allow for them milk MUCH more money than they've injected into the dying markets by recouping it on short positions. (To clarify, am I bullish on Gold or Crypto? Yes, but they aren't entirely related to the primary factors currently at play, at best these factors just opened the opportunity for a great buy in time on crypto/gold.)
How does this effect our investing strategy moving forward? Well personally, I'm going to be focusing companies which I see playing a MASSIVE roll in our society's future / will be able to 'keep up with the times.' At least until this situation plays out more, and I'll certainly be on the lookout for anything the market seems to throw at us which appears to disprove this theory. However, currently I haven't found anything which compels me in another direction or to just leave it and say "ahhh corona-virus is the fall of the US/world economy, I can't invest right now."
Pieces of further analysis: Current state of the SPY (S&P 500) -
here. Key takeaways - Fridays close left us above the long term uptrend established in 2016, which was the trend that pushed our markets into higher highs. The selloff seen this month was quite literally the most dramatic EVER seen, worse than the height of the 2008 sell off, and FAR worse than at any point during 'the tech bubble.' I view key support as ~247, and while the bears have been screaming about the looming 'death cross' I don't think algo's or investors will give a damn about that one indicator, especially given the hype that will be generated following the clearing of OPEC's deal this week... (I believe the closing of the OPEC deal will give the oil sector enough of a relief to ignite buying within various other sectors/companies that appear equiped to overcome the quarantine period / appear as tho they can come out on top of their industry/niche.) Example 2 of a dying sector -
VIAC. VIAC had been a major company which many investors thought 'could never fail.' However, look at the LT downtrend it has been stuck in since 2014; which directly correlates to the rise of streaming platforms (NFLX) which was a power house even before the 2008 crash, and surfaced as the 'heavy weight champion' of mediums which people watch television (not to mention much more profitable than traditional TV/Movie networks - NFLX charges a premium to use their service AND profits from promotion / adds put on their platform, andddd not to mention they're literally sourcing their own material at this point, cutting back on production costs that typical TV stations would incur.) Example of dying sector 3 -
PEI. PEI is a real-estate investment trust which specializes in the leasing/development/etc of shopping malls... Again, has been stuck in a long time downtrend (Like most Real-estate investing trusts that aren't specializing in residential renting.) since shopping malls have been becoming practically obsolete in the recent years, especially with the rise of Amazon & other similar companies.
This week: Suspecting a slow bleed monday/tuesday, or at least until the OPEC deal is struck.. Gold & crypto will see early movement as the DXY continues to drop; and upon release of the opec news it will ignite a frenzy of buying across the oil sectors. Effectively pulling the indexes up enough off of their supports enough to promote buying amidst various other sectors (which have beautiful intra-day technicals right now), essentially creating a chain reaction throughout the markets as plenty of whales have been sitting on the sidelines, starring at discounted tickers, wondering if this is the dip.
LT: My projections would lead me to believe this will be a market recovery never seen before; not one of a traditional recession, not one of a depression, and not entirely a 'V' shape.. following this next round 'relief' the bears will be eager to secure some kinda of gains, and those sectors which are truthfully dying will be seeing some of the most dramatic jumps in pricing which will end up pulling index pricing into strange directions... not anything crazy dramatic, but talking the NASDAQ-100 up 1% while the SPY & DJI continue to lag behind by -.5% loses; essentially laying the groundwork for the potential of a 'reverse tech bubble.' Perhaps in the weeks to come we see another slew of frenzy sell offs in various sectors based around insane indexes, creating one last major dip before another bullish recovery as the prospering sectors help ignite buying from 'LT investors / Firms' in the dying sectors, overall pulling the indexes up in another dramatic fashion. Perhaps it is time to say, welcome to the future.
CryptoDiffer team Hello, everyone! We are glad to meet here: Max Freeman (@maxfreeman4), Project Lead at Epic Cash Yoga Dude (@Yogadude), PR&Marketing at Epic Cash Xenolink (@Xenolink), Advisor at Epic Cash Max Freeman Project Lead at Epic Cash Thanks Max, we are excited to be here!
Yoga Dude PR&Marketing at Epic Cash Hello Everyone! Thank you for having us here!
Xenolink Advisor at Epic Cash Thank you to the CryptoDiffer team and CryptoDiffer community for hosting us!
CryptoDiffer team Let`s start from the first introduction question: Q1: Can you introduce yourself to the community? What is your background and how did you join Epic Cash? Yoga Dude PR&Marketing at Epic Cash Hello! My background is Marketing and Business Development, I’ve been in crypto since 2011 started with Bitcoin, then Monero in 2014, Ethereum in 2015 and at some point Doge for fun and profit. I joined Epic Cash team in September 2019 handling PR and Marketing.
I saw in Epic Cash what was missing in my previous cryptos — things that were missing in Bitcoin and Monero especially.
Xenolink Advisor at Epic Cash Hello Cryptodiffer Community, I am not an original co-founder nor am I a developer for the Epic Cash project. I am however a community member that is involved in helping scale this project to higher levels. One of the many beauties of Epic Cash is that every single member in the community has the opportunity to be part of EPIC’s team, it can be from development all the way to content producing. Epic Cash is a community driven project. The true Core Team of Epic Cash is our community. I believe a community that is the Core Team is truly powerful. EPIC Cash has one of the freshest and strongest communities I have seen in quite a while. Which is one of the reasons why I became involved in this project. Epic displayed some of the most self community produced content I have seen in a project. I’m actually a doctor of medicine but in terms of my experience in crypto, I have been involved in the industry since 2012 beginning with mining Litecoin. Since then I have been doing deep dive analysis on different projects, investing, and building a network in crypto that I will utilize to help connect and scale Epic in every way I can. To give some credit to those people in my network that have been a part of helping give Epic exposure, I would like to give a special thanks to
u/Tetsugan and
u/Saurabhblr. Tetsugan has been doing a lot of work for the Japanese community to penetrate the Japanese market, and Japan has already developed a growing interest in Epic. Daku Sarabh the owner and creator of Crypto Daku Robinhooders, I would like to thank him and his community for giving us one of our first large AMA’s, which he has supported our project early and given us a free AMA. Many more to thank but can’t be disclosed. Also thank you to all the Epic Community leaders, developers, and Content producers!
Max Freeman Project Lead at Epic Cash I’m Max Freeman, which stands for “Maximum Freedom for Mankind”. I started working on the ideas that would become Epic in 2018. I fell in love with Bitcoin in 2017 but realized that it needs privacy at the base layer, fungibility, better scalability in order to go to the next level.
CryptoDiffer team Really interesting backgrounds I must admit, pleasure to see the team that clearly has one vision of the project by being completely decentralized:)
Q2: Can you briefly describe what is Epic Cash in 3–5 sentences? What technology stands behind Epic Cash and why it’s better than the existing one? Max Freeman Project Lead at Epic Cash I’d like to highlight the differences between Epic and the two highest-valued privacy coin projects, Monero and Zcash. XMR has always-on privacy like Epic does, but at a cost: Its blockchain is over 20x more data intensive than Epic, which limits its possibilities for scalability. Epic’s blockchain is small and light enough to run a full node on cell phones, something that is in our product road map. ZEC by comparison can’t run on low end devices because of its zero knowledge based approach, and only 1% of transactions are fully private. Epic is simply newer, more advanced technology than prior networks thanks to Mimblewimble
We will also add more algorithms to widen the range of hardware that can participate in mining. For example, cell phones and tablets based around ARM chips. Millions of people can mine Epic that can’t mine Bitcoin, and that will help grow the network rapidly.
There are some great short videos on our YouTube channel
https://www.youtube.com/channel/UCQBFfksJlM97rgrplLRwNUg/videos that explain why we believe we have created something truly special here.
Our core architecture derives from Grin, so we are fortunate to benefit on an ongoing basis from their considerable development efforts. We are focused on making our currency truly usable and widely available, beyond a store of value and becoming a true medium of exchange.
Yoga Dude PR&Marketing at Epic Cash Well we all have our views, but in a nutshell, we offer things that were missing in the previous cryptos. We have sound fiscal emission schedule matching Bitcoin, but we are vastly more private and faster. Our blockchain is lighter than Bitcoin or Monero and our tech is more scalable. Also, we are unique in that we are mineable with CPUs and GPUs as well as ASICs, giving the broadest population the ability to mine Epic Cash. Plus, you can’t forget FUNGIBILITY 🙂 we are big on that — since you can’t have true privacy without fungibility.
Also, please understand, we have HUGE respect to all the cryptos that came before us, we learned a lot from them, and thanks to their mistakes we evolved.
Xenolink Advisor at Epic Cash To add on, what also makes Epic Cash unique is the ability to decentralize the mining using a tri-algo model of Random X (CPU), Progpow (GPU), and Cuckoo (ASIC) for an ability to do hybrid mining. I believe this is an issue we can see today in Bitcoin having centralized mining and the average user has a costly barrier of entry.
To follow up on this one in my opinion one of the things we adopted that we have seen success for , in example Bitcoin and Monero, is a strong community driven coin. I believe having a community driven coin will provide a more organic atmosphere especially when starting with No ICO, or Premine with a fair distribution model for everyone.
CryptoDiffer team Q3: What are the major milestones Epic Cash has achieved so far? Maybe you can share with us some exciting plans for future weeks/months? Yoga Dude PR&Marketing at Epic Cash Since we went live in September of 2019, we attracted a very large community of users, miners, investors and contributors from across the world. Epic Cash is a very international project with white papers translated into over 30 languages. We are very much a community driven project; this is very evident from our content and the amount of translations in our white papers and in our social media content.
We are constantly working on improving our usability, security and privacy, as well as getting our message and philosophy out into the world to achieve mass adoption. We have a lot of exciting plans for our project, the plan is to make Epic Cash into something that is More than Money.
You can tell I am the Marketing guy since my message is less about the actual tech and more about the usability and use cases for Epic Cash, I think our Team and Community have a great mix of technical, practical, social and fiscal experiences. Since we opened our YouTube channels content for community submissions, we have seen our content translated into Spanish, French, German, Polish, Chinese, Japanese, Arabic, Russian, and other languages
Max Freeman Project Lead at Epic Cash Our future development roadmap will be published soon and includes 4 tracks:
Usability
Mining
Core Protocol
Ecosystem Development
Core Protocol
Epic Server 2.9.0 — this release improves the difficulty adjustment and is aimed at making block emission closer to the target 60 seconds, particularly reducing the incidence of extremely short and long blocks — Status: In Development (Testing) Anticipated Release: June 2020
Epic Server 3.0.0 — this completes the rebase to Grin 3.0.0 and serves as the prerequisite to some important functional building blocks for the future of the ecosystem. Specifically, sending via Tor (which eliminates the need to open ports), proof of payment (useful for certain dex applications e.g. Bisq), and our native mobile app. Status: In Development (Testing) Anticipated Release: Fall 2020
Non-Interactive Transactions — this will enhance usability by enabling “fire and forget” send-to-address functionality that users are accustomed to from most cryptocurrencies. Status: Drawing Board Anticipated Release: n/a
Scaling Options — when blocks start becoming full, how will we increase capacity? Two obvious options are increasing the block size, as well as a Lightning Network-style Layer 2 structure. Status: Drawing Board Anticipated Release: n/a
Confidential Assets — Similar to Raven, Tari, and Beam, the ability to create independently tradable assets that ride on the Epic Blockchain. Status: Drawing Board Anticipated Release: n/a
Usability
GUI Wallet 2.0 — Restore from seed words and various usability enhancements — Status: Needs Assessment Anticipated Release: Fall 2020
Mobile App — Native mobile experience for iOS and Android. Status: In Development (Testing) Anticipated Release: Winter 2020
Telegram Integration — Anonymous payments over the Telegram network, bot functionality for groups. Status: Drawing Board Anticipated Release: n/a
Mining
RandomX on ARM — Our 4th PoW algorithm, this will enable tablets, cell phones, and low power devices such as Raspberry Pi to participate in mining. Status: Needs Assessment Anticipated Release: n/a
The economics of mining Epic are extremely compelling for countries that have free or extremely cheap electricity, since anyone with an ordinary PC can mine. Individual people around the world can simply run the miner and earn meaningful money (imagine Venezuela for example), something that has not been possible since the very early days of Bitcoin.
Ecosystem Development
Atomic Swaps — Connecting Epic to other blockchains in a trustless way, starting with ETH so that Epic can trade on DeFi infrastructure such as Uniswap, Kyber, etc. Status: Drawing Board Anticipated Release: n/a
Xenolink Advisor at Epic Cash From the Community aspect, we have been further developing our community international reach. We have been seeing an increase in interest from South America, China, Russia, Japan, Italy, and the Philippines. We are working on targeting more countries. We truly aim to be a decentralized project that is open to everyone worldwide.
CryptoDiffer team Great, thank you for your answers, we now can move to community questions part!
Cryptodiffer Community You have 3 mining algorithms, the question is: how do they not compete with each other? Is there any benefit of mining on the GPU and CPU if someone is mining on the ASIC?
Max Freeman Project Lead at Epic Cash The block selection is deterministic, so that every 100 blocks, 60% are for RandomX (CPU), 38% for ProgPow (GPU), and 2% for Cuckoo (ASIC) — the policy is flexible so that we can have as many algorithms with any percentages we want. The goal is to make the most decentralized and resilient network possible, and with that in mind we are excited to work on enabling tablets and cell phones to mine, since that opens it up to millions of people that otherwise can’t take part.
Cryptodiffer Community To Run a project smoothly, Funding is very important, From where does the Funding/revenue come from?
Xenolink Advisor at Epic Cash Yes, early on this was realized and in order to scale a project funds are indeed needed. Epic Cash did not start with any funding and no ICO and was organically genesis mined with no pre-mine. Epic cash is also a nonprofit community driven project similar to Monero. There is no profit-driven entity in the picture. To overcome the revenue issue Epic Cash setup a development fund tax that decreases 1% every year until 2028 when Epic Cash reaches singularity with Bitcoin emissions. Currently it is at 7.77%. This will help support the scaling of the project.
Cryptodiffer Community Hi! In your experience working also with MONERO can you please clarify which are those identified problems that EPIC CASH aims to develop and resolve? What’s the main advantage that EPIC CASH has over MONERO? Thank you!
Yoga Dude PR&Marketing at Epic Cash First, I must admit that I am still a huge fan and HODLer of Monero. That said:
✅ our blockchain is MUCH lighter than Monero’s
✅ our transaction processing speed is much faster
✅ our address-less blockchain is more private
✅ Epic Cash can be mined with CPU (RandomX) GPU (ProgPow) and Cuckoo, whereas Monero migrated to RandomX and currently only mineable with CPU
Cryptodiffer Community - the feature ‘Cut Through’ deletes old data, how is it decided which data will be deletes, and what are the consequences of it for the platform and therefore the users?
- On your website I see links to download Epic wallet and mining software for Linux,Windows and MacOs, I am a user of android, is there a version for me, or does it have a release date?
Max Freeman Project Lead at Epic Cash - This is one of the most exciting features of Mimblewimble, which is its extraordinary ability to compress blockchain data. In Bitcoin, the entire history of a coin must be replayed every time it is spent, and comprehensive details are permanently stored in the blockchain. Epic discards spent transaction inputs and consolidates outputs, storing neither addresses or amounts, only a tiny kernel to allow sender and receiver to prove their transaction.
- The Vitex mobile app is great for today, and we have a native mobile app for iOS and Android in the works as well.
Cryptodiffer Community $EPIC Have total Supply of 21,000,000 EPIC , is there any burning plan? Or Buyback program to maintain $EPIC price in the future?
Who is Epic Biggest competitors?
And what’s makes epic better than competitors?
Xenolink Advisor at Epic Cash We respect the older generation coins like Bitcoin. But we have learned that the supply economics of Bitcoin is very sound. Until today we can witness how the Bitcoin is being adopted institutionally and by retail. We match the 21 million BTC supply economics because it is an inelastic fixed model which makes the long-term economics very sound. To have an elastic model of burning tokens or printing tokens will not have a solid economic future. Take for example the USD which is an inflating supply. In terms of competitors we look at everyone in crypto with respect and also learn from everyone. If we had to compare to other Mimblewimble tech coins, Grin is an inelastic forever inflating supply which in the long term is not sound economics. Beam however is an inelastic model but is formed as a corporation. The fair distribution is not there because of the permanent revenue model setup for them. Epic Cash a non-profit development tax fund model for scaling purposes that will disappear by 2028’s singularity.
Cryptodiffer Community What your plans in place for global expansion, are you focusing on only market at this time? Or focus on building and developing or getting customers and users, or partnerships?
Yoga Dude PR&Marketing at Epic Cash Since we are a community project, we have many developers, in addition to the core team.
Our plans for Global expansion are simple — we have advocates in different regions addressing their audiences in their native languages. We are growing organically, by explaining our ideology and usability. The idea is to grow beyond needing a fiat bridge for crypto use, but to rather replace fiat with our borderless, private and fungible crypto so people can use it to get goods and services without using banks.
We are not limiting ourselves to one particular demographic — Epic Cash is a valid solution for the gamers, investors, techie and non techie people, and the unbanked.
Cryptodiffer Community EPIC confidential coin! Did you have any problems with the regulators? And there will be no problems with listing on centralized exchanges?
Xenolink Advisor at Epic Cash In terms of structure, we are carefully set up to minimize these concerns. Without a company or investors in the picture, and having raised no funds, there is little scope to attack in terms of securities laws. Bitcoin and Ethereum are widely acknowledged as acceptable, and we follow in their well-established footprints in that respect. Centralized exchanges already trade other privacy coins, so we don’t see this as much of an issue either. In general, decentralized p2p exchange options are more interesting than today’s centralized platforms. They are more censorship resistant, secure, and privacy-protecting. As the technology gets better, they should continue to gain market share and that’s why we’re proud to be partnered with Vitex, whose exchange and mobile app work very well.
Cryptodiffer Community What are the main utility and real-life usage of the #EPIC As an investor, why should we invest in the #EPIC project as a long-term investment?
Max Freeman Project Lead at Epic Cash Because our blockchain is so light (only 1.16gb currently, and grows very slowly) it is naturally well suited to become a decentralized mobile money standard because people can run a full node on their phone, guaranteeing the security of their funds. Scalability in Bitcoin requires complicated and compromised workarounds such as Lightning Network and light clients, and these problems are solved in Epic.
With our forthcoming Mobile Mining app, hundreds of millions of cell phones and tablets will be able to easily join the network. People can quickly and cheaply send money to one another, fulfilling the long-envisioned promise of P2P electronic cash.
As an investor, it’s important to ask a few key questions. Bitcoin Standard tokenomics of disinflation and a fixed supply are well proven over a decade now. We follow this model exactly, with a permanently synchronized supply from 2028, and 4 emission halvings from now until then, with our first one in about two weeks. Beyond that, we can apply some simple logical tests. What is more valuable, money that can only be used in some cases (censorable Bitcoin based on a lack of fungibility) or money that can be used universally? (fungible Epic based on always-on privacy by default). Epic is also poised to be a more decentralized and therefore resilient network because of wider participation in mining. Epic is designed to be Bitcoin++ Privacy, Fungibility, Scalability
Cryptodiffer Community Q1. What are advantages for choosing three mining algorithms RandomX+, ProgPow and CuckAToo31+ ?
Q2. Beam and Grin use MimbleWimble protocol, so what are difference for Epic? All of you will be friends for partners or competitors?
Max Freeman Project Lead at Epic Cash RandomX and ProgPow are designed to use the entirety of a CPU / GPU’s unique processing capabilities in a way that other types of hardware don’t work as well. You can run RandomX on a GPU but it doesn’t work nearly as well as a much cheaper CPU, for example. Cuckoo is a “memory hard” algorithm that widens the range of companies that can produce the hardware.
Grin and Beam are great projects and we’ve learned a lot from them. We inherited our first codebase from Grin’s excellent Rust design, which is a better language for community participation than C++ that Beam currently uses.
Functionally, Mimblewimble is similar across the 3 coins, with standard Confidential Transactions, CoinJoin, Dandelion++, Schnorr Signatures and other advanced features. Grin is primarily ASIC-targeted, Beam is GPU-targeted, and Epic is multi-hardware.
The biggest differences though are in tokenomics and project structure. Grin has permanent inflation of 60 coins per block with no halvings, which means steady erosion of value over time due to new supply pressure. It also lacks a steady funding model, making future development in jeopardy, particularly as the per coin price falls. Beam has a for-profit model with heavy early inflation and a high developer tax. Epic builds on the strengths of these earlier mimblewimble projects and addresses the parts that could be improved.
Cryptodiffer Community Some privacy coin has scalability issues! How Epic cash will solve scalability issues? Why you choose randomX consensus algorithem?
Xenolink Advisor at Epic Cash Fungibility means that you can’t distinguish one unit of currency from another, in example Gold. Fungibility has recently become a hot issue as people have been noticing Bitcoins being locked up by exchanges which may of had a nefarious history which are called Tainted Coins. In example coins that have been involved in a hack, darknet market transactions, or even processing coin through a mixer. Today we can already see freshly mined Bitcoins being sold at a premium price to avoid the fungibility problem Bitcoin carries today. Bitcoin can be tracked by chainalysis and is not a fungible cryptocurrency. One of the features that Epic has is privacy with added fungibility, because of Mimblewimble technology, Epic has no addresses recorded and therefore nothing can be tracked by chainalysis. Below I provide a link of an example of what the lack of fungibility is resulting in today with Bitcoin. One of the reasons why we chose the Random X algo. is because of the easy barrier of entry and also to further decentralize the mining. Random X algo can be mined on old computers or laptops. We also have 2 other algos Progpow (GPU), and Cuckoo (ASIC) to create a wider decentralization of mining methods for Epic.
Cryptodiffer Community I’m a newbie in crypto and blockchain so how will Epic Cash team target and educate people who don’t know about blockchain and crypto?
What is the uniqueness of Epic Cash that cannot be found in other project that´s been released so far ?
Yoga Dude Pr&Marketing at Epic Cash Actually, while we have our white paper translated into over 30 languages, we are more focused on explaining our uses and advantages rather than cold specs. Our tech is solid, but we not get hung up on pure tech talk which most casual users do not need to or care to understand. As long as our fundamentals and tech are secure and user friendly our primary goal is to educate about use cases and market potential.
The uniqueness of Epic Cash is its amalgamation of “whats good” in other cryptos. We use Mimblewimble for privacy and anonymity. Our blockchain is much lighter than our competitors. We are the only Mimblewimble crypto to use a unique cocktail of mining algorithms allowing to be mined by casual miners with gaming rigs and laptops, while remaining friendly to GPU and CPU farmers.
The “uniqueness” is learning from the mistakes of those who came before us, we evolved and learned, which is why our privacy is better, we are faster, we are fungible, we offer diverse mining and so on. We are the best blend — thats powerful and unique
Cryptodiffer Community Can you share EPIC’s vision for decentralized finance (DEFI)? What features do EPIC have to support DEFI?
Yoga Dude PR&Marketing at Epic Cash We view Epic as ideally suited to be the decentralized digital reserve asset of the new Private Internet of Money that’s emerging. At a technology level, atomic swaps can be created to build liquidity bridges so that wrapped Epic tokens (like WBTC, WETH) can trade on other networks as ERC20, BEP2, NEP5, VIP180, Algorand and so on. There is more Bitcoin value locked on Ethereum than in Lightning Network, so we will similarly integrate Epic so that it can trade on networks such as Uniswap, Kyber, and so on.
Longer term, if there is market demand for it, thanks to Scriptless Script functionality our blockchain has, we can build “Confidential Assets” (which Raven, Tari, and Beam are all also working on) that enable people to create tokenized assets in a private way.
Cryptodiffer Community
If you could choose one celebrity to promote Epic-cash, who that would be?
Max Freeman Project Lead at Epic Cash
I am a firm believer that the strength of the project lies in allowing community members to become their own celebrities, if their content is good enough the community will propel them to celebrity status. Organic celebrities with small but loyal following are vastly more beneficial than big name professional shills with inflated but non caring audiences.
I remember the early days of Apple when an enthusiastic dude named Guy Kawasaki became Apple Evangelist, he was literally going around stores that sold Apple and visited user groups and Evangelized his belief in Apple. This guy became a Legend and helped Apple become what it is today.
Epic Cash will have its OWN Celebrities
Cryptodiffer Community
How does $EPIC solve scalability of transactions? Current blockchains face issues with scalability a lot, how does $EPIC creates a solution to it?
Xenolink Advisor at Epic Cash
Epic Cash is utilizing Mimblewimble technology. Besides the privacy & fungibility aspect of the tech. There is the scalability features of it. It is implemented into Epic by transaction cut-through. Which means it allows nodes to remove all intermediate transactions, thus significantly reducing the blockchain size without affecting its validation. Mimblewimble also does not use addresses like a BTC address, and amount of transactions are also not recorded. One problem Monero and Bitcoin are facing now is scalability. It is evident today that data is getting more expensive and that will be a problem in the long run for those coins. Epic is 90% lighter and more scalable compared to Monero and Bitcoin.
Cryptodiffer Community
what are the ways that Epic Cash generates profits/revenue to maintain your project and what is its revenue model ? How can it make benefit win-win to both invester and your project ?
Max Freeman Project Lead at Epic Cash
There is a block subsidy of 7.77% that declines 1.11% per year until 0, where it stays after that. As a nonprofit community effort, this extremely modest amount goes much further than in other projects, which often take 20, 30, even 50+ % of the coin supply. We believe that this ongoing funding model best aligns the long term incentives for all participants and balances the compromises between the ends of the centralized/decentralized spectrum of choices that any project must make.
Cryptodiffer Community
Q1 : What are your major goals to archive in the next 3–4 years?
Q2 : What are your plans to expand and gain more adoption?
Yoga Dude Pr&Marketing at Epic Cash
Max already talked about our technical plans and goals in his roadmap. Allow me to talk more about the non technical 😁
We are aiming for broader reach in the non technical more mainstream community — this is a big challenge but we believe it is doable. By offering simpler ways to mine Epic Cash (with smart phones for example), and by doing more education we will achieve the holy grail of crypto — moving past the fiat bridges and getting Epic Cash to be accepted as means of payment for goods and services. We will accomplish this by working with regional advocacy groups, community interaction, off-line promotional activities and diverse social media targeting.
Cryptodiffer Community It seems to me that EpicCash will have its first Halving, right? Why a halving so soon?
Is a mobile version feasible?
Max Freeman Project Lead at Epic Cash Our supply emission catches up to that of Bitcoin’s first 19 years after 8 years in Epic, so that requires more frequent halvings. Today’s block emission is 16, next up are 8, 4, 2, and then finally 0.15625. After that, the supply of Epic and that of BTC stay synchronized until maxing out at 21m coins in 2140.
Today we have a mobile wallet through the Vitex app, a native mobile wallet coming, and are working on mobile mining.
Cryptodiffer Community What markets will you add after that?
Yoga Dude PR&Marketing at Epic Cash Well, we are aiming to have ALL markets
Epic Cash in its final iteration will be usable by everyone everywhere regardless of their technical expertise. We are not limiting ourselves to the technocrats, one of our main goals is to help the billions of unbanked. We want everyone to be able to mine, buy, and most of all USE Epic Cash — gamers, farmers, soccer moms, students, retirees, everyone really — even bankers (well once we defeat the banking industry)
We will continue building on the multilingual diversity of our global community adding support and advocacy groups in more countries in more languages.
Epic Cash is More than Money and its for Everyone.
Cryptodiffer Community Almost, all cryptocurrencies are decentralized & no-one knows who owns that cryptocurrencies ! then also, why Privacy is needed? hats the advantages of Private coins?
Max Freeman Project Lead at Epic Cash With a public transparent blockchain such as Bitcoin, you are permanently posting a detailed history of your money movements open for anyone to see (not just legitimate authorities, either!) — It would be considered crazy to post your credit card or bank statements to Twitter, but that’s what is happening every time you send a transaction that is not private. This excellent video from community contributor Spencer Lambert
https://www.youtube.com/watch?v=0blbfmvCq\_4 explains better than I can.
Privacy is not just for criminals, it’s for everyone. Do you want your landlord to increase the rent when he sees that you get a raise? Your insurance company to raise your healthcare costs because they see you buying too much ice cream? If you’re a business, do you want your employees to see how much money their coworkers make? Do you want your competitors to trace your supplier and customer relationships? Of course not. By privacy being default for everyone, cryptocurrency can be used in a much wider range of situations without unacceptable compromises.
Cryptodiffer Community What are the main utility and real-life usage of the #EPIC As an investor, why should we invest in the #EPIC project as a long-term investment?
Xenolink Advisor at Epic Cash Epic Cash can be used as a Private and Fungible store of value, medium of exchange, and unit of account. As Epic Cash grows and becomes adopted it can be compared to how Bitcoin and Monero is used and adopted as well. As Epic is adopted by the masses, it can be accepted as a medium of exchange for store owners and as fungible payments without the worry of having money that is tainted. Epic Cash as a store of value may be a good long term aspect of investment to consider. Epic Cash carries an inelastic fixed supply economic model of 21 million coins. There will be 5 halvings which this month of June will be our first halving of epic. From a block reward of 16 Epic reduced to 8. If we look at BTC’s price action and history of their halvings it has been proven and show that there has been an increase in value due to the scarcity and from halvings a reduction of # of BTC’s mined per block. An inelastic supply model like Bitcoin provides proof of the circulating supply compared to the total supply by the history of it’s Price action which is evident in long term charts since the birth of Bitcoin. EPIC Plans to have 5 halvings before the year 2028 to match the emissions of Bitcoin which we call the singularity event. Below is a chart displaying our halvings model approaching singularity. Once bitcoin and cryptocurrency becomes adopted mainstream, the fungibility problem will be more noticed by the general public. Privacy coins and the features of fungibility/scalability will most likely be sought over. Right now a majority of people believe that all cryptocurrency is fungible. However, that is not true. We can already see Chainalysis confirming that they can trace and track and even for other well-known privacy coins today such as Z-Cash.
Cryptodiffer Community - You aim to reach support from a global community, what are your plans to get spanish speakers involved into Epic Cash? And emerging markets like the african
- How am I secure I won’t be affected by receiving tainted money?
Max Freeman Project Lead at Epic Cash Native speakers from our community are working to raise awareness in key markets such as mining in Argentina and Venezuela for Spanish (Roberto Navarro called Epic “the holy grail of cryptocurrency” and Ethiopia and certain North African countries that have the lowest electricity costs in the world. Remittances between USA and Latin American countries are expensive and slow, so Epic is also perfect for people to send money back home as well.
Cryptodiffer Community Do EPICs in 2020 focus more on research and coding, or on sales and implementation?
Yoga Dude PR&Marketing at Epic Cash We will definitely continue to work on research and coding, with emphasis on improved accessibility (especially via smartphones) usability, security and privacy.
In terms of financial infrastructure will continuing to add exchanges both KYC and non KYC.
Big part of our plans is in ongoing Marketing and PR outreach. The idea is to make Epic Cash a viral sensation of sorts. If we can get Epic Cash adopters to spread the word and tell their family, coworkers and friends about Epic Cash — there will be no stopping us and to help that happen we have a growing army of content creators, and supporters.
Everyone with skin in the game gets the benefit of advancing the cause.
Folks also, this isn’t an answer to the question but an example of a real-world Epic Cash content —
https://www.youtube.com/watch?v=XtAVEqKGgqY a challenge from one of our content creators to beat his 21 pull ups and get 100 epics! This has not been claimed yet — people need to step up 🙂 and to help that I will match another 100 Epic Cash to the first person to beat this
Cryptodiffer Community I was watching some videos explaining how to send and receive transactions in EpicCash, which consists of ports and sending links, my question is why this is so, which, for now, looks complex?
Let’s talk about the economic model, can EpicCash comply with the concept of value reserve?
Max Freeman Project Lead at Epic Cash In V3, which is coming later this summer, Epic can be sent over Tor, which eliminates this issue of port opening, even though using tools like ngrok.io, it’s not necessarily as painful as directly configuring the router ports. Early Lightning Network had this issue as well and it’s something we have a plan to address via research into non-interactive transactions. “Fire and Forget” payments to an address, as people are used to in Bitcoin, is coming to Epic and we’re excited to develop functionality that other advanced mimblewimble coins don’t yet have. We are committed to constant improvement in usability and utility, to make our money system the ease of use leader.
We are involved in the project (anyone can join the Freeman Family) because we believe that simply by choosing to use a form of money that better aligns with our ideals, that we can make a positive change in the world. Some of my thoughts about how I got involved are here:
https://medium.com/epic-cash/the-freeman-family-e3b9c3b3f166 Max Freeman Project Lead at Epic Cash Huge thanks to our friends Maks and Vladyslav, we welcome everyone to come say hi at one of our friendly communities. It is extremely early in this journey, our market cap is only 0.5m right now, whereas the 3 other mimblewimble coins are at $20m, $30m and $100m respectively. Epic is a historic opportunity to follow in the footsteps of legends such as Bitcoin and Monero, and we hope to become the first Top 5 privacy coin project.
Xenolink Advisor at Epic Cash Would like to Thank the Cryptodiffer Team and the Cryptodiffer community for hosting us and also engaging with us to learn more about Epic. If anyone else has more questions and wants to know more about EPIC , can find us at our telegram channel at
https://t.me/EpicCash .
Yoga Dude Pr&Marketing at Epic Cash Thank you, CryptoDiffer Team, and this wonderful Community!!!
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