ONECENT Report - Profits Update, News & Free Upvote - - Day 149 of 200
Firstly, the numbers: our total value is currently about 2809 STEEM (+3 STEEM), including 2219 STEEM within Steem Engine and a total of 19403 tokens in play. This gives ONECENT an ABV of about 14.47 STEEM cents (0.1447 STEEM), up slightly on yesterday.
ONECENT News
As I have said recently, I think we may continue treading water, but have increased our estimate to around the 14.2-14.8 cents level. Even post income has flattened out, so remains steady but not as much as a month or two ago. I've estimated a floor on this down-turn and it looks to be about 14.2 cents, so is very much a correction rather than a crash. We seem to be inching our way up. All of these are consequences of new model steem.
We continue to mark down some token prices as very few of them seem to be holding onto any support, however, they also still bring in some income, hence a reluctance to just clear them from the accounts. LEO is one exception that is slowly rising, but it takes a lot of effort to balance the obvious sell pressure. Luckily, a large part of our holdings is in other MAP FinTech programs and their effect has been minimal; indeed, some tokens such as MAPR continue to rise in price, albeit slowly, and we still get valuable upvotes.
Any opinions on this, please leave a comment.
Have a fine day!
Crypto News
Ripple CEO: “99% Of Coins And Tokens Will Go Away ” – Here Is Why It’s Going To Happen
“Most of them, the vast vast majority [of cryptocurrencies] are going to go away, and it’s because a lot of them were created with either an unclear use case or a use case that hasn’t proven out. And you already see that to some degree because there is no liquidity. Ultimately in the digital asset space, liquidity is critical to success.”
HashQuark Labs goes live to enhance PoS development
China’s Central Bank to Lead Real-World Pilot of Digital Yuan: Report
According to local news outlet Caijing on Dec. 9, the initial pilot for the CBDC is set for the city of Shenzhen before the end of 2019, and may possibly include the city of Suzhou.
Deutsche Bank Research: Crypto to Replace Fiat Currencies by 2030
And another bank! You have been warned.
European Central Bank May Launch Its Own Digital Currency if Cash Usage Drops
It further notes that an ECB-backed digital currency could have “far-reaching implications” for the financial system. Not only could it alter the way monetary policy is transmitted, but it could also render commercial banks redundant as people would be able to open accounts directly with the ECB.
Exactly! This is what I've been saying about Steem, that users have an account directly with the Steem central bank - whether they use that way, or not, is up to the individual.
This is quite a lengthy article, so just reposting this link:
Hard Problems in Cryptocurrency: Five Years Later
Great summary of the state of crypto tech.
ONECENT Freebies
Now, to some prizes!
That random player will also be added to our automatic-voter (if not already there) and to our new TRENDO tipping token comments.
So, our winners today are... @rosatravels !
Note that the tip token lasts for 10 days and is subject to availability, as a maximum of 10 can be distributed per day.
Congratulations!
I hope you find the game interesting. Please post any questions or, better still, if you write any articles on the ONECENT experience, feel free to post a link in a comment.
Till tomorrow!
[BUY MAXUV] - [READ MAXUV]
[BUY MAPR] - [READ MAP REWARDER]
[BUY MAPXV] - [READ MAPXV]
ONECENT: The First Strategic Token Investment Game (STIG)
If you are reading this article on the steemleo.com platform, then you will see all recent posts listed in the footer below.
If you're not, then you won't - but you could.
Anyway, it saves me from updating these links every day, which I haven't exactly been doing rigorously.
Please do not upvote older posts - I know the vote buttons should be disabled, but they're not!
Instead, you can use the $rewarding command in a comment to generate an upvote for the author.
Full details of the command parameters at steemrewarding.
!BEER
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