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Showing 14 of 14 results by saransh
Post
Topic
Board Beginners & Help
Distribution of profits based on weight
by
saransh
on 15/02/2018, 09:36:31 UTC
I have a problem lets say where I am organising a crowdfunding exercise I have distributed early membership to people say as some Stakes S. Now there are two groups one who holds membership and non-member.

When one raises fund through crowdfunding exercise one promises a return of fixed 10 % return on the net profit they make or sales they make to all of the investors.

Now I am not able to justify the division of the above 10 % to every individual investor because I have some group of investor who has early membership stakes S where they can demand some extra cut from the return.

how do I differentiate between both of them.

One way of solving this is as

https://www.mathcha.io/editor/zj73UElSdyhlLTxr

And some example

https://pastebin.com/EuV5xuLn

2nd example https://pastebin.com/EuV5xuLn

some help or direction is appreciated



I am pretty much confused (maybe I can use some weight also to assign to every investor)
Post
Topic
Board Bitcoin Discussion
Re: Why is bitcoin the most popular cryptocurrency?
by
saransh
on 06/02/2018, 09:20:35 UTC
I believe that they're popular mainly because well it was the first of all cryptocurrencies to be made. Honestly most of the other coins are scams and greedy ways that the developers make money. The only other coin I can think of that isn't a scam are dogecoins! What do you think?

Every other which does not have any financial utility will lose . Even if it is Bitcoin, I dont know much about dogecoin , Most of the coins are nothing but just copy paste of Bitcoin with adjustment in POW and coin supply.

1. Yes it is true developers are making a money, and I think its quite ok because world is now more programmable as compared to putting trust in the hand of Centralised institutes.

2. What do you mean by Scam ? The place I come from people call Bitcoin scam. India.

3. Cryptocurrency came into mainstream now, it is like any other tech like AI which will be a hit in next 10 years same thing will follow with that.

4. Money talks.


Post
Topic
Board Project Development
Re: Releasing Free Payment Gateway
by
saransh
on 06/02/2018, 09:13:37 UTC
Hey guys,

We had a lot of success with our website and are working on releasing a payment gateway to the public to use for free.

Would love some input as to what you guys would like to see in the features range.
What code you would want a library for and maybe what shopping cart solutions you guys use so we can look at that.

Do remember this will be free so please keep the requests reasonable.
 

REST API
Token based AUTH
Merchant Payment Collection
Invoice creation.
Post
Topic
Board Bitcoin Discussion
Re: Can we all please accept..
by
saransh
on 05/02/2018, 13:00:15 UTC
Accept the fact that most of governments will oppose crypto currency. Obviously there are some countries who have decided to embrace the future, but let's face it, most of governments will stand against. Who likes their currency to be weaken? Every time a stupid country opposes bitcoin, there is so much fud and a great price drop.

China bans mining

South Korea will not ban crypto but obviously does not welcome it

India banning crypto

I fully expected this resistance from governments.

Don't be surprised if more countries come out against bitcoin

True , Modi won't allow such a stupid invention to take over his personal plans. He would kill people (like he did in gujrat).
Thanks
Post
Topic
Board Economics
Re: Bitcoin is useless
by
saransh
on 29/01/2018, 11:46:03 UTC
I am amazed with number of people being fooled with BTC:

1. Transactions takes hours
2. Fees are high
3. Development team sucks, uncapable solve scalability issues for years
4. Its not anonymous, every solution to make it, failed so far
5. Its centralized: who is biggest hash power owner? Who is biggest miner hardware provider? Who owns most of bitcoins? What is % of Bitcoins in coldstorage and what in exchanges ( Ye Mt Gox )
6. There is 0 economics for BTC, it just tight to USD with liquidity providers, cut that and try to value pizza box with just BTC
7. Its not store of value, its not digital gold, and it will never be 100k USD. Because it has no value. It has value only for energy probiders, hardware manufactures and random phils.
8. Its not insured, If some crap happened to your BTC, its gone.
9. Bitcoin has a limited supply, but it does not help much. Bitcoin has a code that can be amended and its enough of small group of people to work together to support that. Question really is: do someone need that hassle? No really. Bitcoin has satoshis, that currently meaningless and just nice numbers after dot, but this a very well painless way to inflate any crypto currency and its up to liquidity providers. Again it falls to point #5 and #6. Added on 24/01/2018

Such crap will never be used in payments, noone wants to support Terrabytes or Petabytes of data.

Its funny to observe how uneducated shills trying to make casual office landline phone to look smart phone.

BTC is scam of the century, stay away.

UPDATE 23/01/2018:

useless, guys the fact that some of you become reach and wealthy does not make Bitcoin useful. You wealth does not come from values that are used in propaganda.

1. Why I am still here? I believe there are technologies that are better maintained and lead than BTC, I prefer put money in something that bring value, has use-case and been used.
2. LN is panacea! Well not, so far its more dream than reality, no doubt it will be delivered in one or other way, but it will not solve all problems and so far it has more questions than answers.

UPDATE 24/01/2018:

Everyone is amazed of why I called it useless, well, recently Stripe dropped support for Bitcoin payments. This is the prove of Bitcoin being useless. Stripe was not the only one in recent months to do so. It should ring a bell.

UPDATE 29/01/2018:
Few points were made here that are unfair:

1. Bitcoin is a first one, its revolutionary and so on and so forth, wrong, Bitcoin is a client that is build on top of practices that were developed and test long time before Bitcoin e.g. Proof of Work, Hashcash, eCash, bit gold, Merkle Tree, Peer-to-Peer,Byzantine fault tolerance etc.

2. Bitcoin is still in development and it needs a time and so on and so forth, really? its a 10 years old technology. Its usage is very easy predictable, no rocket science here. Scailibility problems were addressed long time ago. But like in every corrupted government, Bitcoin has biased devs, greedy miners and exchanges driven by capitalists. Why to care about tech? When everyone is just become wealthy on nothing. This is why its scam and this is how it become useless, because everyone only cares about price, not utility on day-to-day basis. Typical ponzi game.

3. Bitcoin is store of value, fake as is. Everything that has Blockchain underneath is store of value, Bitcoin is neither exception nor unique here. And again it has no value, because there is no utility. Remove exchanges from equation, and tell me how much BTC will be worth 1 pizza?

I think you are right , calling useless would be outrageous but its more like an experiment which has failed.

1. I think BTC was tried that how computers can become money. digital one now there are thousands of them.
2. Politics aside , BTC has made lot of people wealthy, that is not how we can decide that its good or bad.
3. What so ever we say, it has shook the entire world.
4. Team , we are just looking from the outside, we can say this and that but finally we know when you use BTC or crypto how one feels.

Instead of fussing about it few things I would like to add.

Exchanges need to be better currently these exchanges are quite central in nature.
Services need to be deployed fast if we want adoption.
I was looking at strike a service based on Lightning , we need developers who can test services fast fast.
What keep talking about 3rd world countries using BTC but such thing are nowhere on the roadmap,

Thanks
Post
Topic
Board Off-topic
Re: Is bitcoin dangerous ?
by
saransh
on 29/01/2018, 11:06:08 UTC
Bitcoin is not dangerous because it has proven its worth in the market. But as your bitcoin value increases, one should be watchful.

This post is dubious in nature. Everyone is posting same thing again and again.

Thanks
Post
Topic
Board Off-topic
Re: Is bitcoin dangerous ?
by
saransh
on 28/01/2018, 19:18:58 UTC
# bitcoin payment is anoymous
# bitcoin is decentralized
# bitcoin is not issued by any
# nobody can increase total supply of

This all feature make it different than other currencies that exist and more attractive too. It gives financial freedom..

I would like to point out few things

1. Bitcoin is not anonymous anymore one can link back to the transactions address because companies/exchange keep your ID.

2. Yes it is decentralised but its more like monopolised by couple of miners and group of people.

3. Yes this is true monetary policy is Math based.

4. Only hard forks can do.
Post
Topic
Board Trading Discussion
Working on statistical analysis to find inherent market structure of cryptospace
by
saransh
on 28/01/2018, 11:07:04 UTC
Undirected graph G = (V,E) is defined by sets of V vertices and E edges, E belongs to .
Graph theortical extension can be seen in world wide web , call graph in telecommunications traffic , metabolic in biology and social network where real people represent vertices, Hence graph theory is applied branch of science.
All diverse graph follows power-law model which states that probability that a vertex of graph emanating k edges is  

one can also say like this,

Distribution would form a straight line in the logarithmic scale, and slope of the line would be equal to parameter . Degree of distribution is an important aspect of dataset and reflects large scale pattern of connections in graph. Another common observation two vertices are more likely to be connected if they have a common neighbour which is clustering coefficient.
We study the characteristics of graph representing cryptocurrency  market. It is based on cross-correlations of price fluctuations. The market graph is constructed as following
Each financial instrument (ie crypto instrument) is represented as financial instrument by a vertex and two vertices are connected by and edge if the correlation coefficient of instruments exceeds a certain threshold .
We also look for cliques and independent sets in the graph. A clique in a graph is a set of interconnected vertices. An independent set of is a set of vertices without connections.
Cliques would represent dense clusters of similar objects. On the other side independent sets can be treated as groups of objects that differ from every other objects in the group.
A clique in market graph with positive value of the of the correlation threshold  , whose price fluctuations exhibit similar behaviour. Hence daily price changes can be classified using above.
An independent set in the market graph with threshold  consists of diversified portfolio which are negatively correlated.
Construction and analysis on the market graph
The market graph considered  represents the set of 100 of cryptocurrency market instruments traded globally. We analyse data fluctuations of their prices during 365 consecutive trading days in 2016-2017.

I am interested in help if some would like to co-author with me , This is not a school or college project.

I am not funded either.

I am doing it because I just want to understand market better.

Thanks let me know.
Post
Topic
Board Service Announcements
Review technical paper
by
saransh
on 04/01/2018, 10:15:51 UTC
I just wrote a technical paper about how to setup up mix of centralised and decentralised peer to peer trading platform.

1. Automatic multi attribute based auction system
2. Data Driven Machine learning based Risk Mitigation
3. Decentralised settlement.

I am working on an exchange which can reduce the overhead these exchanges are having right now.

Thanks

Let me know your feedback.

https://github.com/upscaletech/localbch.shop/wiki/Technical-Paper
Post
Topic
Board Project Development
Blockchain based banking UPSCALE Coin
by
saransh
on 03/01/2018, 09:44:44 UTC
Blockchain has for sure revolutionised the way we see and operate finance, I am coming from a world where I dont see any real use case of blockchain due to following reason.

1. Everything is code (Indians have hard time gaining trust on code)
2. Too technical (Blockchain aka bitcoin, people think it is a Ponzi scheme because it take money and rewards money and thanks to its complicated nature)
3. Banking in Indian mindset requires people to go to bank deposit money to someone know as cashier / teller who he/she deposits money reflects in your bank account. They invest your money in other businesses.
4. According to Aristotle bitcoin fits well in his definition of money.(Can we really spend it?)

I am interested in acquiring a bank license and start a currency which is going to be rule based (Features like qe)

Deposits where one can lock coins
Lending where one can lend coins
Exchange to other currency
Decentralised exchange
Asset linking to remove issues related liquidity.

let me know who share the same voice.

I am writing a paper on it.

github.com/maektwain


 
Post
Topic
Board Bitcoin Discussion
Re: Time to think in decentralized exchanges?
by
saransh
on 03/01/2018, 06:22:44 UTC
Hey the product is in development phase it uses REST Based API developed in JAVA and front end written in AngularJS, yet to come up with alpha version.

Me is windows based with C# and getting slower by the day on J-Script but if you need Chrome extensions for it
then it might be worth talking to me and knocking up a block diagram so it's easy to get the big picture.

Good luck friend, hope it works for you
 

Yeah sure it would be great I am working on the API based distributed platform. give me your git username I will add you as contributor.
Post
Topic
Board Bitcoin Discussion
Re: Time to think in decentralized exchanges?
by
saransh
on 31/12/2017, 00:22:26 UTC
Hey, everyone I am working on an exchange which is an open source product aims to cater following.

Hi

All seems to be j-script so is it code running in a client browser ?

We need a motorway any coin can use which i think is coming and what you say
seems a bit too abstract from me to really get to the nuts and bolts



Hey the product is in development phase it uses REST Based API developed in JAVA and front end written in AngularJS, yet to come up with alpha version.

Thanks
Post
Topic
Board Bitcoin Discussion
Re: Time to think in decentralized exchanges?
by
saransh
on 30/12/2017, 23:19:58 UTC
Hey, everyone I am working on an exchange which is an open source product aims to cater following.


Automatic multi-attribute auction trading engine.
Hybrid governance model.
Data Driven counterparty risk mitigation.
Safety System (Have to think how?)
Using multisig for settlement in auction
Encrypted messaging
Decentralised settlement.

Automatic multi attribute auction allows multi-dimensional matching.
User can reach large number of traders simultaneously aka options.
Competitive process
Fair price is reached faster
Less hassle
User can would receive a bid which has been pre-accepted by the trader.
Eliminate uncertainty when will transaction complete.
Winner of the bid has to act or other will replace the winner.
Price is not only the criteria for trade there are other attributes such as speed and safety.
Above can be variable every time like when a user buying lower number of crypto  where speed matters and safety is not an issue.We believe each user is different thus employing this technique allows user to find best deal according to his preference.

https://github.com/upscaletech/localbch.shop
Post
Topic
Board Development & Technical Discussion
Understanding Godel Incompleteness on Bitcoin
by
saransh
on 21/08/2017, 02:54:28 UTC
Consider Gödel's incompleteness theorems (specifically the second one)

"For any formal effectively generated theory T including basic arithmetical truths and also certain truths about formal provability, if T includes a statement of its own consistency then T is inconsistent."

Gödel's second incompleteness theorem proves that your theory, which assumes math is valid (aka "including basic arithmetical truths") and assumes itself to also be true, is inherently inconsistent. Math has been proven to be incomplete.

"any consistent effective formal system that includes enough of the theory of the natural numbers is incomplete: there are true statements expressible in its language that are unprovable within the system" (Gödel's first incompleteness theorem). It does, however, mean that it's impossible to prove mathematicians have nothing left to prove, so maybe its good for job security for them.

What about Bitcoin Proof Of Work Algorithm and Other Consensus rules

Thanks