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A German Bitcoin miner company, locksmiths and a kidnapping
Recently, a new company appeared on the German bitcoin scene. It's called YesMiners and claims to offer 10 TH/s and 20 TH/s miners. Of course they take preorders and of course they want the money upfront via bank transfer or Bitcoin, both of which are non-reversible. There are also no photographs of ... anything, really. They have a sexy Photoshop of how a miner could theoretically look like, though. So far, it looks like a run-of-the-mill scam. It becomes more interesting when you look at the owner of the company, one Volker Studier. The name is linked to a company called Schlossheld GbR. The company is now called Schlossheld GmbH i.G., which looks like they re-formed an unlimited partnership into a limited-liability company - which would be a normal process. However, while Schlossheld purports to be a consumer advocate, it lost a lawsuit against a locksmith. Their business model was simple: They called up locksmiths and asked them to submit to a test - which the locksmiths would have to pay for. If the locksmiths refused, they put them up on a website claiming they were "black sheep" and "not to be recommended". Classic extortion. Now, it gets even better. According to the YesMiners imprint, the company responsible is one PYC Pylon Consulting GmbH. On their website, they link back to YesMiners, as well as some vague text about what they do. Digging deeper, a "V. Studier" is the CEO of a Pylon Quality Management GmbH & Co. KG which has a similar logo and the same address. On their "Persons" page, they list a Volker Studier born in 1964. The very exhaustive "About" page claims they do "any kind of troubleshooting". Now, there's an article from January 7th, 1999 floating around about the kidnapping of a millionaire's son for ransom. It contains the sentence
Das Hamburger Landgericht verhängte am Mittwoch acht Jahre Gefängnis gegen den 34 Jahre alten Angeklagten Volker Studier, der seinen damaligen Bekannten Janssen im Juni 1998 in die Falle gelockt hatte.
which translates to:
The Hamburg district court sentenced defendant Volker Studier, 34 years old, to eight years in prison. He lured his acquaintance Janssen [the guy who got kidnapped] into the trap in June 1998.
Did you do the math? 1999 (the year from which the article is from) minus 34 is 1965. Since the article is from January 7th, he likely did not have his birthday already, which would mean this Volker Studier's birthyear would be 1964. Is this proof of anything? Of course not. Maybe it's a coincidence, or maybe it's identity theft. But I think it's interesting enough to warrant a post.
The founder of buttcoin.org, a Bitcoin satire website, explains how his website was purchased by Butterfly Labs, a disgraced Bitcoin miner company, in order to silence the website for the bad reputation it was giving them.
First of all, before I list this information, I'm a bit taken back by how insulting some are on here. He's doing his damn best to explain things in English to everyone, and people are just insulting his attempt to do so. Also the fact that he's not just saying buzzwords... he's doing his best to be super forward facing to his backers. You can hear that he's genuine in his inflections. Also, this is a very informal, Periscope stream. If anyone actually thought he'd have a Powerpoint or shit like that to be seen, you all greatly misunderstood what his plan was for tonight. For anyone who wants to read the disorganized transcript of the Livestream, courtiously done by btcrazy as fast as he could, you can find that post here: ROUGH TRANSCRIPT GENERAL
Stream is dedicated to the Vision of Tron, his background, and Investors Backgrounds.
He is considering turning over control of PeiWo and moving to SanFrancisco to fully devote his time to Tron as he has the confidence they can handle PeiWo from where they are at.
Partnerships with a large social facing company such as Facebook, Tenecent (WeChat), etc clearly won't be the partner announcement, as he spent a decent amount of time talking about how he doesn't like the way they treat the users.
Bitmain Partnership - Largest Bitcoin Miner Company in China
Gifto Partnership - He's on their Board of Directors and the company was Created by the founders of Up.Live. Gifto will be releasing a new coin on their network (believed to be Tron right now) (More information about Gifto here)
Decentralized internet platform that stops all the data aggregation and rewards the content creators instead of the companies that host the platform itself.
Your private key will be your Login to all TRX Apps, ultimately allowing your accounts to be as secure as your current crypto investments.
Hired 10 people last week on the application integration
At least 5 NASDAQ Public listed companies are partnered with them, but due to their own discretion, will be annouced at a later time by both parties.
With these major new partnerships, these need to be finalized and that takes time, so everyone should be patient while these announcements roll out
Year of the Puppy(Dog) hence the point of making the initial launch of pets focused on TRON Dogs. The game is still being fleshed out with many other features.
I won't lie, I understood the function of the people he was talking about, and they have great backgrounds, but I won't make a half-assed attempt to write their names here. If anyone can speak about this, the information was definitely present in the stream.
People from Microsoft, Alibaba, JD and PKU have joined the team. If anyone can list these names and what he said their part is in this below, I will gladly add to the post.
5 Individuals who re-tweeted during the stream will be awarded 80 TRON, which was set by their marketing beforehand. He hopes by next stream to greatly increase this amount.
LASTLY, Periscope crashed, so he is having an AMA to the best of his abilites here:https://twitter.com/justinsuntron/status/949475975229685760 Permalink about my Wife who speaks Mandarin watching his Mandarin stream. There will be rolling edits to this post as more accurate information that was missed is collected. LINK - This is his stream in Mandarin incase anyone wants to see.
[ANN] Hoo.com | One-stop Blokchain Assets Service Platform
Hoo.com is a world’s leading blockchain assets service platform, aiming to provide safe and reliable assets management and blockchain services to users worldwide.
Founded in 2017 as a cryptocurrency wallet, Hoo.com quickly grew into a well reputed wallet in the field in just two years. In June 2019, the company announced its acquisition to Chaince and OAX, two start-up exchanges in China and fully upgraded to a blockchain assets service platform whose business expanded to crypto exchanges, wallets, custody and mining industry.In September 2019, Hoo officially launched its initiative “Hoo Power” after several trial fundraisings which were hugely welcomed by the users. Hoo Power is a program which digitalizes the assets rights of Hoo users, such as Gain Right, Refund Right and Buy Back Right, etc. The “Digitalization of Assets Rights” at Hoo Power is to digitalize the rights of your cryptocurrency assets and turn them into tradable tokens which can be circulated and transferred in the secondary market. Users who hold digitalized right tokens (ticker name starting with a T) will be able to exercise their rights in a certain period of time with “1 token + 1 digitalized right token”.
1. Hoo Exchange Being one of the key features at Hoo.com, Hoo Exchange aims to become the world’s leading cryptocurrency trading platform. As of writing, the exchange has listed 69 coins with 80 trading markets. Users are also able to swap their tokens for free with a “Quick Swap” feature on the website and in the APP. 2. Hoo Financing Hoo supports the financing of various mainstream digital currencies such as BTC, ETH, EOS and USDT as well as other tokens, including current and regular financial management methods. Collateral Loaning is a loan service for digital currency launched by Hoo, aiming to help users with their capital problems in time. The borrower gets the loan by staking the blockchain assets he holds, with a daily interests as low as 0.005%. Coins that can be used for staking include BTC, ETH, EOS, HC, USDT, BCH, LTC, etc. 3. HD Wallet HD Wallet is the on-chain wallet of Hoo. Users control their private key and are able to manage multi chain wallet with one set of mnemonics. The HD Wallet now supports Bitcoin, Ethereum, EOS, Ho and BTC Lightening Network and the integration with Dapps and Lapps. 4. Hoo Custody Hoo Custody includes commercial wallet services and large asset trusting services. Hoo Custody provides mature and reliable wallet service solutions to help companies such as exchanges, OTC platforms, wallet service providers, game operators and other companies to deposit, transfer, query and redeem products, which improves development efficiency and reduce operational risk.
Core team of Hoo Exchange are composed of early Bitcoin lovers, blockchain developers and technicians who have abundant experience in blockchain development and marketing. Fouder & CEO - Ruixi Wang (Twitter) Ruixi Wang is a Chinese crypto investor and entrepreneur, who is the founder and CEO of Hoo.com.Wang first came across Bitcoin in the first half of 2013 when the One Foundation announced that they received 81 BTC donation. Not long after which he started a blockchain explorer called BtcMini, aiming to help people to get to know more about Bitcoin.When the agency went bankrupt, he joined the BitFountain, a Bitcoin miner company, one of the top three miner companies at the time.Two years later in January 2015, the founder of BitFountain ran away with 17,597 BTC. Wang bought the machines left in the company and started his new career as a miner owner.In the end of 2016, Wang fully-purchased PoW8.com, a well-known Chinese digital currency cloud mining and trading platform, with 5 million RMB.In the middle of 2017, Wang started his own ICO platform icooo.com, which was forced to be closed when Chinese government banned ICOs in September that year.In May 2018, Wang founded Hoo Wallet that was registered in Hong Kong.In June 2018, Hoo announced its acquisition to Chaince and OAX, two start-up exchanges in China and fully upgraded to a blockchain assets service platform (hoo.com) whose business expanded to crypto exchanges, wallets, custody and mining industry. COO - Chaohua Deng (Twitter)Deng has been active on Bitcointalk since 2013. At the end of that year, he joined the marketing team of AEX exchange.In 2017, he started an ICO platform ICO365 which was also closed due to policy reasons.In 2018, Deng joined OAX exchange and worked as COO.In June 2019, he worked as COO at hoo.com after the acquisition.CMO - Xiaohai Chen ( LinkedIn)Chen got her Master's degree in Finance in University of Denve after she worked five years in PricewaterhouseCoopers. She started her crypto journey in 2017 as a co-founder in OAX exchange.In June 2019, Chen worked for Hoo.com as CMO after its aquisition to OAX.
Have you heard anything about Alibaba, Jack Ma, Tim Draper, Ripple, JP Morgan? .. Why am I asking this? Recently I discovered an interesting blockchain project from China. Since I have just returned from China, where I promoted innovative technologies, I was amazed by the scale of the changes taking place in the country and now my focus is primarily on this market. So, the project is called Tron (www.tronlab.com) and it has an ambitious goal that can not be described in two words. I'll try to list: 1) to replace game currencies with the project's crypto currency - Tronix (TRX). Unlike gaming currencies, this currency will be "real", it has real market value. What is the advantage? According to the idea, all projects connected to the Tron ecosystem will use the common currency Tronix or tokens based on the Tron protocol, which can be freely exchanged for Tronix (TRX). This will allow you to freely move assets between different games and applications. Imagine, you played in Call of Duty, bought there weapons, then some amount left. Later you decide to play Fifa 201x. Move the existing TRX from Call of Duty to Fifa and buy Messi ;) Then go to the social network and buy a virtual gift to someone for the same TRX, open the online cinema and pay for the movie... And all this quickly, safely, conveniently. 2) integrate the TRX crypto currency into the online entertainment industry, which includes not only games, but also social networks, dating sites, etc. This will allow you to enter the premium group, vote for your favorite entries, present virtual gifts. And these are not just plans, but a working model. The first application, which integrates the TRX crypto currency, is Peiwo with an audience of 10 million users. For comparison, according to the evaluation of experts there are about 20 million Bitcoin owners in the world. 3) use its own mainnet blockchain and protocol for the online entertainment industry. At the moment, the TRX crypto currency is a token on the ERC20 protocol. What will it give? Companies will be able to conduct ICO on the basis of the Tron platform and protocol, which will lead to an increase in the value of TRX's internal crypto currency. One of the main disadvantages of Ethereum is the lack of a hard cap, that is why the system requires constant external funding to maintain the value of the ETH crypto currency. At the same time, the TRX has the same advantages as the ETH but has a hard cap of 100 000 000 000 TRX, with a circulation supply of 65 000 000 000. Many investors in crypto-currencies are concerned about such high circulation supply, but this has its advantages. First, the online games market alone exceeds 100 billion dollars. And this is only a small part of the online entertainment market. For example, in China I was surprised to see how pretty Chinese woman earned more than $ 50 in the form of tips just for eating her dinner on the air in the video-streaming app... And gamers who demonstrate in real time how to play DOTa earn several thousand dollars per month. Thus, such a circulation supply even with the current development of online entertainment will quickly disperse and there will soon be an increased demand for TRX, which will lead to a steady increase in the price of TRX. For example, at the time of writing, TRX costs about $ 0.0024 (0.0000082ETH). If each user of the Peiwo application purchases 6500 TRX (which is only $ 15.6), then there will already be a deficit of tokens. But most importantly, among investors there are such people as Binshen Tang, the owner of the game Clash of Kings with an audience of 40 000 000 people. Secondly, there are rumors that the Chinese authorities are considering the prohibition of buying and selling the fractions of cryptocurrencies, so you can not buy 0.5 BTC, but only 1, 2 ... BTC to limit the circulation of crypto-currencies. Such circulation supply of TRX will allow free trade on exchanges with these restrictions. In addition, it will allow you to carry out micropayments, such as watching a few minutes of a movie and pay some cents in TRX. 4) create a decentralized data warehouse based on p2p technologies. This means that the content will be the property of authors, not for example of such services as Facebook, Youtube or Google. In other words, users will pay to the authors directly. To date, the authors receive small earnings from the sale of advertising by these services. In addition, it will ensure the constant availability, permanence and reliability of the information, as it will be stored in the blockchain. My experience of work with innovative technologies showed that the most important thing in the success of the project is his team. And with this, Tron is all right. CEO of Tron Foundation is Justin Sun, the former representative of Bitcoin settlement platform Ripple in China. Ripple is now the third cryptocurrency by market cap after Bitcoin and Ethereum. It is used for transactions between banks, like SWIFT. He was awarded by the next titles:
2015 Forbes China, 30 under 30
2017 Forbes Asia, 30 under 30
Davos Global Shaper in 2014
He founded Peiwo, an app aspiring to become China's Snapchat. Justin Sun was the student of Jack Ma (Alibaba) at Hupan University. Now he is in the Tim Draper’s University. Recently to a team of more than 60 people, including experts in p2p and blockchain technologies, joined the senior expert Lucien Chen from Alibaba and Tencent (Wechat app). So, what about investors? Among them are:
Binshen Tang, the owner of the game Clash of Kings with an audience of 40 million people
Jihan Wu, CEO of Bitmain. Everyone who is familiar with Bitcoin mining knows well this name. Bitmain is the manufacturer of ASICs Antminers and one of the most powerful Bitcoin miner company in the world.
Weixing Chen, the founder of Kuaidi (Chinese Uber)
Linke Yang, founder of BTC China
Separately, it should be noted that Justin Sun is a protégé of Jack Ma and teaches a course about blockchain technology at his university. In addition, Jack Ma in his recent interview noted that in the future the society should be healthy and happy. Entertainment brings happiness, so it will be part of Alibaba's business. There are also rumors that Tim Draper invested in Tron. Tim Draper was one of the first to invest in Tesla, Skype, Baidu (Chinese Google). Lately Justin Sun tweeted that Fund that supported Ripple and some Hedge Funds invested in Tron Foundation. And some background information. ICO from Tron passed in several stages from the second half of August to the beginning of September. The price of 1 TRX during the ICO period was 0.00000488 ETH. A few interesting facts about the ICO Tron. The stage that was held at the Binance exchange was successfully completed in 39 seconds!!! This heated the interest of investors and at the next stage, which was conducted on another site, the desire of investors to get tokens as quickly as possible led to a system’s crash, such a powerful was "ddos attack". In total, according to preliminary estimates, during the ICO about $ 60 million was raised. Total supply of TRX is 100 000 000 000, circulation supply is 65 000 000 000. The number of decimals is 6. By coin market cap at present TRX is between the 30th and 40th place among all cryptocurrencies. At the time of writing, TRX traded on the exchanges HitBTC, Liqui, Qryptos, EtherDelta. Some more exchanges on the way, one of which is Korean and another is Australian coolcoin.com. To see TRX in Etherdelta you have to choose to Add custom token and fill the next data: Address: 0xf230b790E05390FC8295F4d3F60332c93Bed42e2 Token Symbol: TRX Decimals: 6 And the most pleasant thing is, until October 30, 2017, you can still buy TRX to get a free 10% airdrop after this date. Links: 1) twitter.com/justinsuntron 2) https://www.forbes.com/sites/rogeraitken/2017/08/12/could-this-millennial-crypto-tech-visionary-be-the-next-jack-ma/#77315aa87064
Bitcoin's Current Price Impacted By Miners? It's Possible, Analytics Company Says
Mike Alfred, co-founder and CEO of data analytics outfit Digital Assets Data, recently pointed toward miners as a potential catalyst for recent Bitcoin (BTC) price activity. “It is tough to say definitively, but it appears as though the miners’ actions are having a direct, immediate impact on price,” Alfred told Cointelegraph on July 1. “This […]
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