Tag: Blockchain

Division 1 – Round 30

SME Beta Test Phase III – Matchday report by Santa Claus

Round Highlights:

In this round the english teams surprised many in their travels to the top team’s ground, and step back into their dream title!!

One surprise came from Giuseppe Meazza Stadium where the relegation zone team Arsenal step up to be David and had a great performance getting the upperhand right from the start, at 6th minute, to never let the advantage go away and collecting the 3 points in a very intense, entertaining and thrilling match! 2-3 was the final result!

And when all the Real Madrid supporters where in Santiago Barnabeu hearing what was happening in Italy, hoping they would finally surpass them and take the Inter Milan leadership reign to an end, since they are sitting in 1st place since the 4th round, but the dream came to a nightmare with a 0-2 against the blues Leicester!

Leicester had more possession of ball, Real Madrid was the team more closer to the goal, but a good performance from K. Scheimeichel saving 9 shots on goal and a poor performance from Courtois saving only 2 of the 4 shots on goal made the result reach half-time at 0-2, that remained until the end. A word of praise for the MarkGoldbridge performance and he is running away from the “death line” with a 6 consecutive match without any defeat!

Regarding the match of the week as I named, with was a tight duel between Ngrimes and kaiser lads! Proving their higher individual talents, PSG was the happy team when they were leaving the stadium in their bus, partying all over and celebrating the defeats of Inter and Real Madrid who took them just 2 points away from the 1st place and the champion title! Verratti with a goal on 24th minute was the decisive player of the match!

Other surprising result came from already relegated Everton! Despite this unfortunate fate, under the new manager, the boys are refusing to give easy points to the opponents and in this round they were able to get a goaless tie aggainst the 9th of the table, Barcelona! Pickford was the hero of the home supporters getting a MofM performance and keeping the goal inviolable even when Everton were playing with 1 less player in the field in the last 22 minutes of the game.

Another highlight worth to be mentioned, will have to be Chelsea result, getting a 0-6 win at Atalanta stadium! Eshwar is realling getting his name know for the SME football curious!

The Leaderboard

  • With the results from this round, nothing much in therms of position have changed! Inter Milan seems to be in crisis with already 3 games without a win, but despite the defeat they were able to raise 1 goal difference advantage from Real Madrid team.
  • The winner of this round, would have to be PSG. They didn’t climbed in the table but they are now 2 points behind, so 1 match away to be a possible holder of the such ambitioned 1st place!
  • One of the few changes in the table was dato2105‘s Lazio climbing over Tottenham and be back in the Top10.
  • Despite not being able to shorten up the difference to leave the relegation zone and they are still 4 points away to leave the downwater zone, with the amazing win at Real Madrid, RobsterNL of Arsenal have climbed 1 place in the table and this 3 points collected in this round might be crucial in the end of season.
  • As I mentioned above, Everton unfortunately have the relegation confirmed this round! If only the shareholders had appointed kirlle120 much sooner, it could have been a tottaly diferent story….

Next Round – the games to watch!

Liverpool (4th) vs Real Madrid (2nd)
Sevilla (7th) vs Inter Milan (1st)

31st Round will be a really interesting round, as the title fight will get very hot when the top teams are facing tougher teams! Real Madrid’s Tigerbaker, the actual best manager of SME will face blade the actual 4th best manager of this entertaining game! The 2 teams are 5 points apart, but it is not only the teams fight in the table, there is also the fight for the best manager on the game to show off! 😉 For curiosity, Liverpool is the team of the league that has less defeats!

Sevilla were doing really well until they played in the Parc dus Prince stadium and now the manager is eager to set the team back into the right course again! Will they able to do it, when on the other side of the pitch they have the leader of league Inter Milan managed by heinzjohan, who is also hurrying to get the italian team back into the winning role!? One of those matches that is really hard to name a favourite!

Santa Claus

What is the Metaverse?

Whatever it is – it seems to be where Telos and XAYA are headed!


At Goldsmith Money, we talk blockchain based virtual gaming worlds and economies ad nauseam.

Yes – virtual reality platforms are the future of economic marketplaces!
Yes – these platforms will be built on trustless and decentralised blockchains!
Yes – these new virtual worlds will open up NEW and COUNTLESS opportunities for all!

It seems that we are not the only ones saying it.

Today we came across a terrific essay today by Piers Kicks, titled ‘Into the Void: Where Crypto Meets The Metaverse‘.

Piers introduces what is a new concept to us called ‘The Metaverse’.

The Metaverse: a persistent, live digital universe that affords individuals a sense of agency, social presence, and shared spatial awareness, along with the ability to participate in an extensive virtual economy with profound societal impact.

The essay had actually been tweeted out by Tim Sweeny, CEO of Epic Games (think Fortnite). Seeing the BIG game developers were taking it seriously – so should we.

In keeping the concept simple for us – we think of The Metaverse as the ‘OASIS’ in Earnest Cline’s, Ready Player One. However, we accept that there are a myriad of forms a non-fictional Metaverse might take; and, a good deal of time and development to get there.

According to Piers, FIVE converging verticals would drive the emergence of The Metaverse

  • Culture
  • Content
  • Mediums
  • Standards and Protocols
  • Infrastructure.


The foundation for the fusion of the FIVE verticals however would be blockchain – or more specifically, cryptocurrency and non-fungible tokens (NFTs). Piers writes:

I believe that within NFTs and crypto lie the most elegant solutions to the problems of digital scarcity and uniqueness, digital property rights, large-scale coordination across virtual environments, and robust privacy-focused systems that cannot be exploited for the enrichment of few at the expense of many. Without the assumption of a robust economic membrane, the entire concept of the Metaverse quickly collapses. 


Many of you reading this blog post will already have an understanding of cryptocurrency and NFTs. More than likely you are already part of the Telos or XAYA communities, which we work closely with.

For the XAYA team, The Metaverse is their vision. A universal gaming hub, all built upon a traditional Bitcoin, proof of work, blockchain architecture.

XAYA has the infrastructure in place to ensure secure game asset ownership and facilitate safe trade and provably fair gaming. It is also scalable enough to build MASSIVE MULTIPLAYER VIRTUAL REALITIES.

In the case of Telos – fast, oh so fast. Scalable, smart contract functionality – this blockchain can do anything. From facilitating commercial, administrative and governance functions, it provides for a plethora of virtual currencies, NFTs, games and much, much more.

Both blockchains are already making ground in the FIVE verticals and both have stable and talented teams behind them. Either (or both) of these ‘hidden gems’ could easily be a catalyst in the creation of the inevitable Metaverse.

For you budding Entrepreneurs looking to build your fortunes in this new world, you should take a close look at these two blockchain technologies – along with others. According to Piers, you should familiarise yourself with:

  • Bitcoin and Ethereum; Cryptoeconomics.
  • DAOs, DeFi, Non-fungible Tokens, Social Tokens, Cryptomedia.
  • New business models being unlocked by decentralized networks.
  • New governance models being unlocked by decentralized networks.
  • Intersections of crypto with emerging trends such as direct-to-avatar.

In conclusion Piers writes:

The increased financialization of virtual worlds is upon as the technologies to connect thousands of isolated virtual economies are unleashed.

Find the link to the full essay here.

Enjoy the week ahead! Of course if you are a silver stacker – we are sure you will.

GOLDSMITH.

Telos T-Bonds

Increase Liquidity with Innovative DeFi Solutions


For any enterprise, liquidity is the key to success. Remain cashed up and the doors will stay open. Let the cash run out and so too will the lights.

The Telos community believes that exchange listings are the key to liquidity and the financial success of their public blockchain. Unfortunately, the community did not have the funds necessary to meet the expensive exchange listing fees. Undeterred, this determined and decentralised community set about to make the listings happen.

They first formulated a plan to raise funds. It would need to be innovative and it would need to be appealing to investors.

Next they would build the infrastructure required to make to make the initial fundraising a success and build upon this thereafter.

And they did it. They created their own DeFi fundraising solution. It would take the form of non-fungible tokens (NFT) and they would be called…

T-Bonds



T-Bond NFTs would represent a future entitlement to TLOS tokens, purchased at a discount to the current market price. Quite simple really. However, for a decentralised community to devise and execute such a plan – pure genius!

In order to bring T-Bonds to life, the determined developers of the Telos community would need to build a Bitcoin Peg Token, a secure NFT blockchain core and an entire NFT marketplace. Wallet infrastructure also needed to be updated to accommodate the bonds and then the entire system needed to be audited. In conjunction, designers and marketers would need to do their part to ensure investors would be aware of the opportunity when it arose.

The broader cryptocurrency market had not been blind to the fervor at Telos. In fact, in the 8 weeks leading up to the T-bond sale – the TLOS token price would rise 400%.

Well the day arrived – January 25. And the T-Bonds would sell like hotcakes!

All denominations and all lock-up periods – SOLD, SOLD, SOLD!

It was noted that the big discount, 2 year lockups bonds were one of the most popular NFTs. A signal that the market believes that Telos is here for the long term.

In the first 36 hours of the sale, the community is said to have raised over 3 BTC, more than $US100,000 – a fantastic result! However, this was just the first step toward sustained liquidy.

The BTC from the T-Bonds sale will be used to arrange an Uniswap listing at Ethereum. Telos will look to tap into this $150 Billion Ethereum ERC-20 marketplace for future T-Bond issuances.

In addition, Telos will soon launch its Ethereum Virtual Machine (EVM), enabling the Telos blockchain to do everything Ethereum can do – only much faster and at a much lower cost. EVM would provide Telos with addition income as dApp developers seek to reduce costs within the Ethereum network.

Remaining funds from the T-Bond sales would be used to list Telos on other smaller cryptocurrency exchanges. And future sales – well these will be directed towards listings on large exchanges.


Telos has now become an exciting ecosystem of opportunity and development. With more and more decentralized applications joining weekly, along with new investors, speculators and developers.

The community recently published a roadmap for some of their innovative new technical releases, which includes:

  • dStor – decentralised cloud based document storage. (Q1 – 2021)
  • Telos Private – a bridge between exchanges and Telos, for people who prefer to keep their business and personal matters private. (Q3 – 2021)
  • Telos ID – a secure, blockchain based, personal identification system to assist businesses meet their KYC needs etc. (Q3 – 2021)
  • Telos Location (Q3 – 2021) – allows proof-of-location using the Telos blockchain, while paying users to do “location mining” for the system.

Link to the Telos Roadmap here.

Congratulations to all involved in Telos, on the hugely successful T-Bond sale. The future is indeed looking bright for this community of innovative and thrifty blockchain pioneers. Be sure to watch them closely.

Finally and it would be remiss of me not to mention one of the most exciting Telos developments – which is, without a doubt, our very own Daily Telos, Blockchain Diaries. And there has never been a better time to start recording your legacy, forever enshrined within the blockchain, right here at Goldsmith Money – Daily Telos.

GOLDSMITH.


Please note that the author does hold tokens in Telos and did not participate in the T-Bond sale.

Diary saves the day


The Brett Kavanaugh Story


Never has there been a better example of the need for a diary, than the story of US Supreme Court Justice Brett Kavanaugh.

It was in 2018 that Judge Kavanaugh was nominated for appointment to the Supreme Court by President Donald Trump. Fearing conservative values within the highest court, many on the other side of politics sought to put a stop to the certification. Coincidentally, it was at this exact same time when allegations were first raised about Judge Kavanaugh’s involvement in a sexual assault – back in 1982.

How does one go about disproving an event which is said to have occurred 36 years earlier?

With a diary of course!

This diary.



His diary, kept upon a NorthWestern Mutual Audubon Calendar, was deemed substantive enough to clear Judge Kavanaugh of wrongdoing and the confirmation proceeded. If not for the diary however, Judge Kavanaugh’s career may have been left in tatters.

At Goldsmith Money we discuss diaries ad nauseum – diary, diary, diary.

Successful people keep diaries!

Simple.

Yes, it drives self-improvement through focus, reflection and documented achievement. Of course it does. But it is so much more.

A diary could, as in the case above, prove your innocence. Perhaps in a Court of Law or in the Court of Public Opinion.

Judge Kavanagh’s mother, a judge; and father, an attorney – both highly successful in their own right, had drilled into a young Brett, the importance of keeping a diary. As it turns out, it was perhaps the best advice that two loving parents could have given their son. Now it is your turn.

We have given you the tool – Daily Telos. A blockchain diary, which anyone can use.

Daily Telos is an inexpensive means to record your diary, calendar or journal onto a blockchain.

Trustless, decentralised, timestamped and permanent. So long as the Telos blockchain exists, so too will your diary entry. It is quite possible that your legacy will exist upon the blockchain, until the end of time.

We encourage you to give Daily Telos a go today. It is both easy and engaging. The link to the Daily Telos calendar page is below and you will find getting started links there.

It is important to remember, the success of Judge Kavanaugh’s diary in this case, stemmed from his daily use of it. It was the brief, yet daily entries made throughout his life, which demonstrated that his diary was reliable. And that he was a fit and proper person, worthy of the coveted position of US Supreme Court Justice.

GOLDSMITH.


References:
https://www.thoughtco.com/brett-kavanaugh-4176839
https://nypost.com/2018/09/26/heres-what-brett-kavanaughs-1982-calendar-shows-us/
https://www.richardcyoung.com/supreme-court/judge-kavanaughs-diary-a-life-saver/
https://www.westernjournal.com/kavanaugh-detailed-calendar-summer/

The Diary

The hidden secret of successful people


What do Albert Einstein, Winston Churchill, James Cook, Thomas Edison, Mark Twain and Leonardo Di Vinci all have in common?


If you answered – ‘they all kept a diary’, you would be correct.

A log, a journal, a diary – regardless of what you call it, this document is a ‘tool for success‘.

A daily or event driven diary ensures focus, encourages reflection, fosters improvement and documents achievement.


Albert Einstein’s travel diary to the United States recorded his experiences abroad from November 1930 to June 1931. (Photo: The Hebrew University of Jerusalem)

Whether you are a business executive; a sportsperson; a lawyer; a policeman; an artist; parent; teacher; student; blockchain engineer; or manager of a virtual soccer team – you will never reach your full potential without a diary.

Which is why Goldsmith Money has been relatively quiet on the blogging front for the past 3 months. We have been building a tool for you, the Financial Awakened. We have built for you a personal diary tool, which we call ‘Daily Telos’.

The ‘Telos, known in Ancient Greek as the ‘divine purpose’ seemed a highly appropriate name for this tool. Furthermore, it is also the name of the lightning fast, third generation blockchain our digital diary is built upon.

Yes, within this website we have constructed a diary system, which is built upon a trustless, decentralised and infallible blockchain!

No more carrying journal books. No more relying on the survival of a digital service provided. No more worry about losing your life’s story to fire or theft. Daily Telos enshrines your life and legacy in digital form, within a public blockchain – forever!!

Highly accessible, easy to use and inexpensive, our digital blockchain diary solution is in a league of its own.

To access the diary, just hit the link below. Once in the main diary interface, you will find links to further information.

Daily Telos Home Page


The hardest part of starting your own diary setting up your Telos account. This information page will assist in this process. However, if you would like further assistance, consider joining us at the Daily Telos Community Group on Telegram – link below.

Daily Telos Community at Telegram

You will find that just one reflective diary entry a day will boost your performance in all aspects of life.

Wishing you a wonderful day.

GOLDSMITH.


References:
https://www.fromthegrapevine.com/lifestyle/famous-people-who-kept-journal-albert-einstein-marie-curie-mark-twain-charles-darwin


Gold on the blockchain

INFINIGOLD: Perth Mint Gold Token


Those of the Financial Awakening appreciate two things – the first is GOLD; the second is BLOCKCHAIN. The merging of the two was simply a matter of time. How this merging would take place was all that needed to be determined.

We thought it would have stemmed from the US. New state based precious metal depositories have been built over recent years. We assumed one of the depositories would have then established themselves on a blockchain. Allowing citizens to transact in gold and silver backed tokens, convertible for the metal held in the depository.

We have no doubt that this will still take place. However, it appears that the first institution to take their gold vault to the blockchain may be Australia’s PERTH MINT.

INFINIGOLD has released its Whitepaper 1.1. In collaboration with the Perth Mint they are taking the GoldPass digital certificate to the Ethereum blockchain, as an ERC20 standard token. The token has been aptly named the Perth Mint Gold Token – or PMGT for short.

Each PMGT token is backed by a 1 ounce GoldPass certificate, which is in turn redeemable for 1 ounce of physical gold at the Perth Mint.

Whilst stored physical gold is not allocated to each certificate, the Perth Mint claim that they have the gold available to meet any redemption request. It is also noted that the mint is guaranteed by the state Government of Western Australia – providing addition credit security.

So what do we make of this?


The PMGT is a terrific development for the cryptocurrency industry!

Tokens backed by physical assets will enhance public perception of cryptocurrency generally, as the tokens are now without doubt, a store of value. In time this should encourage more adoption of the tokens as a medium of exchange, outside of the failing fiat systems.

The PMGT could be good investment vehicle for some – just buy and hold. Though if you want to buy and hold gold – wouldn’t it be better to just buy and hold physical? Perhaps.

PMGT will be available for purchase on selected cryptocurrency exchanges for account holders who have satisfied the necessary KYC identification requirements. This in itself will limit early take-up. Once purchased however, these tokens can be moved onto the Ethereum blockchain to be transferred and traded within.

Redemption for physical gold would need to take place back at a selected exchange. This may not deter interest in the tokens though, as many would not be interested in converting anyway. Instead they may be simply looking to peg some of their cryptocurrency wealth to the price of gold – and the PMGT may be an ideal solution.

However, if the desired purpose of the token is everyday trade – forget it. A single transaction on the Ethereum network is costing as much as $US20 at present. The network is being pushed past capacity by the current exploding DeFi demand. The high transaction costs and network limitations will crush any chance of PMGT replacing fiat currency as an exchange medium.

In many ways it is a shame InifiniGold selected the slow and overworked Ethereum network to build their product on. There are so many other options now. In fact, one of our two favourite blockchains, Telos, is already capable of running thousands of transactions per second, with all transactions being feeless.

Furthermore, the Ethereum Virtual Machine (EVM) is built upon Telos, allowing token developers to continue to use their Ethereum style coding, on this profoundly more capable public ledger.

In the end…

the PMGT is certainly a step in the right direction, on the path to Good Money.

You can find more information on the PMGT here.

Have a wonderful weekend all.

GOLDSMITH



Looking for more information on GOLD, try…

And for more information on BLOCKCHAIN, try…

What is DeFi?

happy young couple doing purchase on internet together at home

And is it the hottest ticket in cryptocurrencies?


According to an article by Mr Jeremy Eng-Tuck Cheah, published in The Conversation, on 26 August 2020… it very well could be. Link here.

DeFi stands for Decentralised Finance and according to Mr Cheah, this financial industry has grown from US$2.1 million to US$6.9 billion in the past 3 years.

DeFi refers to and I quote…

… financial services using smart contracts, which are automated enforceable agreements that don’t need intermediaries like a bank or lawyer and use online blockchain technology instead.


happy young couple doing purchase on internet together at home
Photo by Andrea Piacquadio on Pexels.com


DeFi smart contracts began with the Ethereum blockchain network and have now evolved into much, much more – encompassing a wide range of blockchains and decentralised applications (Dapps).

Lending, trading, cross-platform trading, derivatives, currency pegging and hedging are all being done within smart contracts; and, are but some of the use cases.

In a recent announcement by the Telos blockchain – they will be providing the infrastructure to tokenise a EURO 30 million property in Croatia. In partnership with Dapp development platform Katalyo and other stakeholders, they plan on tokenising both the property ownership and the rental revenue income. Another new example of DeFi in action. Article here.



In a YouTube broadcast last week (embed below) we discuss both the above articles and the financial opportunities that continue to arise in the blockchain and cryptocurrency industry.

Enjoy the video and remember the term – DeFi. For you will be hearing it more over the years to come.

GOLDSMITH.




What is Blockchain?

Check out one of our recent blogs on just this topic.



Cryptocurrency Tokenomics

Understanding the economics of the blockchain.


Previously we have discussed the characteristics of Good Money and the reasons that Cryptocurrency could be considered Good Money.

The value of a cryptocurrency is derived from what has been coined, its ‘Tokenomics’. A portmanteau of the words ‘Token’ and ‘Economics’.

The tokenomics of a cryptocurrency consists of a large range of inputs, all of which impact its value in the decentralised market place. Inputs with respect to the characteristics of Good Money include:

  • Number of tokens in existence – Scarcity.
  • Energy inputs into token creation – Difficult to create.
  • Number of users / transaction frequency / future use potential – General Acceptability.
  • Security of chain and code – Indestructibility.
  • Level of annual token inflation – Scarcity.
  • Level of decentralisation – Trustless (level of third party risk).
  • Wallets and associated infrastructure – Portability / General Acceptability.
  • Quality of the development team who are driving the use cases and chain growth – General Acceptability.

For various reasons blockchain will change their tokenomics and in these cases, you, the Financially Awakened – will sit down and work through the changes.

Increasing inflation will place downward pressure on token prices. Burning tokens on the other hand, (permanently removing tokens from circulation), will have the effect of increasing the price of the remaining tokens.

Let’s take a look at a current scenario – the Taurion Burn Sale.



Last night we examined the proposed tokenomics changes for the XAYA blockchain in a Goldsmith Money YouTube review. Embed below.

Whilst it is not possible to put an exact price on a token, now or in the future – it is possible to get an understanding on how different stakeholders will be impacted and the possible directions the token prices might take – ceteris paribus (all other things being equal).

Enjoy the video. And if you feel you would like to discuss the matter of blockchain tokenomicsl or, the XAYA Taurion Burn Sale – please drop a comment below. You can also read more about the Taurion Burn Sale here.

Otherwise, warm up those gaming chairs, because things are about to get rather hectic in the blockchain gaming space. Final testing on Taurion and Soccer Manager Elite is merely days away – and then human mining will begin.

Be well.


GOLDSMITH.



Become your own bank –

from your home PC!


Who says you need to be reliant on the banks?

Since the invention of the Bitcoin, people have had the ability to be their own bank – without the need to rely on any third party.

It’s a giant, trustless, decentralised spreadsheet – and you hold the key. At least you do when you establish a cryptocurrency wallet on your PC or smartphone.

Using your cryptocurrency wallet you may be able exchange goods and services directly with like minded individuals from across the globe – 24 hours a day and 7 days a week.


Introducing – XAYA Electron Gaming Wallet

Electron – for all your XAYA gaming needs

In the latest Goldsmith Money YouTube video (embed below), we take a whimsical look at the XAYA Electron wallet. Fast, stylish and completely decentralised.

And when Electron is running on your PC. you are actually contributing power (hash power) to the operations of this whole new financial ecosystem. All outside of traditional banking infrastructure.



We have a preference for XAYA over most other blockchains because of its specialised blockchain gaming design. You however, can start looking at cryptocurrencies wallets for any blockchain of your choosing. The point we make is – start looking!

The blockchain and cryptocurrency industry is filled with financial opportunities for the Financial Awakened. And your first step into this industry… a digital wallet!

Happy transfers.

GOLDSMITH




It’s blockchain gaming…

and early interest is high!


There are very few industries that we are more passionate about than blockchain gaming. The growth of esports has been remarkable. Blockchain gaming is merely the next step in its evolution.

Despite our confidence in the industry however, we were still surprised by recent registration numbers reported by the XAYA blockchain team. Over 12,000 people have signed up to participate in their Soccer Manager Elite (SME) phase III beta test. To have 12,000 sign up to simply test the software really is extraordinary.

SME beta test resumes this week.


Should 12,000 to signup for the main game – financial success for the game and the XAYA blockchain looks set. Though there are never any guarantees in business.

To share in the registration excitement, we produced our own (somewhat comical) YouTube report – embedded below.



People will naturally migrate to blockchain gaming as it offers the ability to ‘play to earn‘. And who doesn’t want to earn currency playing games?

Credit where credit is due though. The XAYA team has proven to be ‘A Grade marketers’ of their ‘first class products‘. Two reasons we watch this team and this blockchain – very closely.

As with the initial beta tests, we will be live streaming some of our SME game play. So if you want to learn more about the game – subscribe to the Goldsmith Money YouTube channel and join us on our journey.

Enjoy the remainder of your weekend.

GOLDSMITH